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EXPANDING OUR
HORIZONS
2023 A N N U A L
R E P O R T
PT Medco Energi Internasional Tbk
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EXPANDING OUR HORIZONS In 2023, we continued our journey to strengthen our international position and solidify our domestic leadership. The Oman acquisition and the Corridor PSC extension both provide a platform for further upside and greater value to shareholders. We expanded our energy transition commitment with the development of the Ijen geothermal project and made good progress on our Solar PV projects. The Amman Mineral Internasional (AMMN-IDX) Initial Public Offering was also extremely successful. Our dedication to environmental, social and governance initiatives and commitment to sustainability are well recognized by international ESG rating agencies. To maintain this trajectory, we continue to set ourselves challenging targets to improve operational excellence, safety and financial performance and our community contribution, in order to position MedcoEnergi as a leading sustainable energy company and one of Southeast Asia’s largest independent energy companies. Kerisi Platform, South Natuna Sea Block B, Riau Islands
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2023 LAPORAN
TA H U N A N
Page 4
Thailand
Vietnam
20
32
21
31
19
1 17
16
24
2
3 30
4
Su
15 Kalimantan
m
at
18
ra
5
8
6 9
11
Java
7
1 Block A Aceh 10 Ijen Geothermal
2 Sarulla Geothermal 11 Madura Offshore
10 14
3 Riau CCPP 12 Bali Solar PV
4 Corridor 13 Sumbawa Solar PV 19 West Bangkanai 12
5 South Sumatra Region 14 Batu Hijau & Elang 20 Tarakan
13
6 South Sumatra IPP 15 Batam IPP 21 Simenggaris
7 Cibalapulang Mini Hydro 16 South Natuna Sea Block B 22 Senoro-Toili
8 The Energy Building (HQ) 17 North Sokang 23 Donggi Senoro LNG
9 Sampang 18 Bangkanai 24 Beluga
25 Block 10, Mexico 28 Block 9 Malik, Yemen 30 Onshore Receiving Facility, Singapore
Block 12, Mexico 29 Block 60, Oman 31 Chim Sao and Dua, Vietnam
26 Area 47, Libya Block 48, Oman 32 Bualuang, Thailand
27 Block 1, Tanzania Block 56, Oman
Acquired Divested
Block 4, Tanzania Karim Small Fields, Oman December 2023 April 2024
2 PT Medco Energi Internasional Tbk 2023 Annual Report
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25 Mexico 26 Libya 28 Yemen
27 Tanzania 29 Oman
23
Sulawesi
Papua
22
Oil & Gas Power Copper & Gold
Mining
Production Installed Production
Development Development Development
Exploration Exploration
2023 Annual Report PT Medco Energi Internasional Tbk 3
Page 6
2023 Management Discussion Business Company Sustainability Corporate Governance Attachment
Performance and Analysis Activities Profile
Table of Contents
01 04
2023 Company
Performance Profile
10 Report by the President Commissioner 52 Company History
12 Report by the President Director and the CEO 54 MedcoEnergi in Brief
16 Achievements 56 Management
17 Awards 60 People and Organization
68 Financial Highlights
69 Operational Highlights
70 Share Performance
02
71 Shareholding Composition
73 Outstanding Securities
80 Corporate Data
Management Discussion 81 Company Offices and Supporting Institutions
& Analysis
05
20 Financial Review
24 Business Prospects and Challenges
24 New Sales Contracts
Sustainability
84 Sustainability
85 Sustainability Policy
03
85 2023 Achievements
87 Community Development Highlights
Business
Activities
28 Oil & Gas
38 Expanding Our Reach in Oman
40 Power
44 Copper and Gold Mining
48 Other Businesses
4 PT Medco Energi Internasional Tbk 2023 Annual Report
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EXPANDING OUR HORIZONS
06
Corporate
Governance
92 Principles
92 General Meeting of Shareholders
95 Board of Commissioners
98 Board of Directors
102 Good Corporate Governance Committee
103 Audit Committee
106 Nomination and Remuneration Committee
108 Sustainability & Risk Management
109 Sustainability & Risk Management Committee
110 MedcoEnergi Code of Conduct
111 Corporate Secretary
112 Corporate Audit and Integrity Compliance
115 Anti-Corruption
116 Whistleblowing Systems
117 Employees and Management Shares Ownership
Program
119 Material Transactions
120 Independent Accountant
121 Board of Commissioners & Board of Directors
Statement
07
Attachments
124 Company Structure
126 Organization Structure
127 List of Abbreviations
129 Cross Reference to OJK
Annual Report Requirements
142 e-Financial Statements Oyong, East Java
2023 Annual Report PT Medco Energi Internasional Tbk 5
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2023 Management Discussion Business Company Sustainability Corporate Governance Attachment
Performance and Analysis Activities Profile
2023
Expanding Our Horizons
12 5
Onshore Offshore Oil & Gas Production (mboepd)
Production Production 163 160
Assets Assets
103 100 94
85
10 9
52 64 60 60 129 128
Exploration Presence in Gas
Assets Countries Oil 33 39 40 34 34 32
2018 2019 2020 2021 2022 2023
80% 20%
Onshore Offshore 2P Reserves and Contingent Resources
Oil & Gas Production Production (mmboe)
20% 80%
943 1,125 996 1,040 1,041
Oil Gas Contingent 491
Resources
Production Production 282 301 310 389 481 539
2P Reserves
2018 2019 2020 2021 2022 2023
7 1
Operated Operated Power Sales, Gas-Fired
Gas-fired Geothermal & Renewables (GWh) 3,993 4,155
IPPs IPP 801
855
2,704 2,600 2,639 2,718
2 1
843 802 817 870
Operated
Operated
Mini Hydro Renewables
Solar PV 1,861 1,798 1,822 1,848 3,138 3,353
IPPs Gas-Fired
2018 2019 2020 2021 2022 2023
Power 926 IPP
Power 1,925 O&M
Power 19% 4,155 Total
MW Capacity MW Capacity Renewables GWh Sales
120,000 tons/day
Processing
Facilities
Copper & Gold Production
731
463
25,000
132
Rights Gold (Koz) 156
71 56
Area Copper (Mlbs) 142 130 294 234 464 312
Copper & Gold ha 2018 2019 2020 2021 2022 2023
Mining
6 PT Medco Energi Internasional Tbk 2023 Annual Report
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EXPANDING OUR HORIZONS
5,152 13,500
Employees Contractors
1,000 1,058 Our People
Petro-Technical Training Courses
Professionals
Maintained MSCI ESG Rating1
A A
BBB
BB BB
B
2018 2019 2020 2021 2022 2023
Improved Sustainalytics ESG Risk Rating2 Maintained CDP Score
46.9 42.2
36.7 B B Environmental,
29.6 Social &
2022 2023 Governance
2020 2021 2022 2023
1)
In 2023, PT Medco Energi Internasional Tbk received an MSCI ESG Rating of A. MSCI Disclaimer Statement on page 128
2)
Sustainanalytics Disclaimer Statement on page 128
Revenue EBITDA
US$ billion US$ milion
1.1 1.4 1.1 1.3 2.3 2.2 523 620 494 667 1,593 1,255
Financial
2018 2019 2020 2021 2022 2023 2018 2019 2020 2021 2022 2023
2023 Annual Report PT Medco Energi Internasional Tbk 7
Page 10
2023 Performance 10 Report by the President Commissioner 12 Report by the President Director and the CEO 16 Achievements 17 Awards
Page 11
01
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2023 Management Discussion Business Company Sustainability Corporate Governance Attachment
Performance and Analysis Activities Profile
Report by
the President
Commissioner
2023 was another year
of significant progress
for MedcoEnergi,
robust operational and
financial performance,
strong governance
and unwavering
focus on safety and
sustainability.
Yani Y. Panigoro
President Commissioner
This year there were again key achievements in all three A significant milestone was also the award, by Singapore’s
business segments: Oil & Gas, Power and Copper and Gold Energy market Authority (EMA), of a conditional license to
Mining. But we were particularly pleased to see continued import 600 MW of solar-powered electricity – a potentially
improvement in safety performance and further external transformational project.
recognition of our sustainability programs, confirming
the Management commitment to keeping our workforce Our investment in Copper and Gold Mining continues to
safe and healthy, and to protect the environment and the yield positive results. The successful IPO of Amman Mineral
communities where we operate. Internasional, the largest listing in Indonesia for 2023, will
fuel major projects like smelter construction and Elang Block
development.
EVALUATION OF MANAGEMENT AND
STRATEGY EXECUTION The Board of Commissioners commends the Directors’
The Board of Commissioners commends the Directors steadfast commitment to Safety and Sustainability, and
for delivering a year of remarkable results: robust to further embedding the Environmental, Social, and
Oil & Gas production levels, new gas developments and sales Governance (ESG) principles across all MedcoEnergi
agreements, improved economic terms for the Corridor PSC activities. This unwavering focus is essential for our long-
and the successful acquisition of 20% interests in two Oman term success and positions MedcoEnergi as a leader in
assets, whilst the Power division delivered record power sales Indonesia’s and the region’s transition towards cleaner energy
and advanced its cleaner energy credentials by committing and sustainable development. This dedication has yielded
to the Bali PV project, the Ijen geothermal project and tangible results in 2023, with an improved Sustainalytics
the Energi Listrik Batam (ELB) combined cycle project. rating and maintained CDP and MSCI ratings.
10 PT Medco Energi Internasional Tbk 2023 Annual Report
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EXPANDING OUR HORIZONS
SUPERVISING THE BOARD OF EMPOWERING WOMEN IN LEADERSHIP
DIRECTORS We believe in creating an environment where everyone feels
The Directors take a leading role – under the supervision empowered to contribute and reach their full potential. And we
of the Board of Commissioners – in the elaboration and are dedicated to gender equality and providing opportunities
execution of the Company’s strategy. Regular meetings for women to take on leadership roles. Therefore, we are very
between BOC and BOD facilitated this collaboration. Both pleased to see that the female representation is increasing
Boards meet quarterly to discuss plans for the Company across our organization, including at management level. And
and assess progress against goals and targets. In 2023, we are particularly proud that two talented women engineers
five meetings were held to address specific priorities, received top honors in MedcoEnergi’s annual Innovation
these included budgets approval, review of the Company’s Awards Program, a program that encourages participation
quarterly results and elaboration of long-term plans to from all employees and fosters a culture of innovation.
ensure MedcoEnergi remains strategically focused. The
Directors also held regular meetings with our investors, PROSPECTS FOR 2024
to ensure an effective two-way communication on key As the global shift towards lower-carbon energy sources to
business matters, including ESG. mitigate the adverse effects of climate change intensifies,
an increasing number of nations are reinforcing their energy
GOOD CORPORATE GOVERNANCE independence by investing in renewable energy alternatives.
The Directors demonstrated a strong commitment to good MedcoEnergi intends to remain at the forefront of this energy
corporate governance throughout the year. This dedication transition in Indonesia. However, oil and gas still have a key
is reflected in enhanced practices, policies and certifications role to play in industries transition, including petrochemicals
which have strengthened MedcoEnergi’s governance and power generation, and will remain relevant during
framework. The Company established a standalone Human the energy transition, especially in South East Asia. The
Rights Policy and launched a Corporate Anti-Money Commissioners’ view is that all three sectors – Oil & Gas,
Laundering Policy. We also continued to expand ISO 37001 Power and Copper and Gold Mining – remain attractive
certification in Anti-Bribery Management Systems across and have good business prospects. We fully support the
our assets, this year to E&P Corridor. strategies set by the Directors for these three business areas
and are confident in their ability to execute the action plans
In carrying out its supervisory duties, the Board of and deliver our targets.
Commissioners is assisted by the Audit Committee,
the Sustainability & Risk Management Committee, the APPRECIATION
Nomination & Remuneration Committee and the GCG In 2024 we mourned the passing of Ibu Raisis Arifin Panigoro.
Committee. All four committees performed diligently She played an important role as advisor to the Medco Group
throughout 2023, adhering to their established charters, and drove the Company’s community action. Ibu Raisis was
holding regular meetings with the Commissioners and deeply committed to improving health for all and was dedicated
providing ad-hoc assessments and recommendations. These to addressing tuberculosis, a significant problem in Indonesia.
dedicated committees play a vital role in ensuring strong She served as the Chair of the Central Executive Board of the
corporate governance. More information about their roles Indonesian Tuberculosis Eradication Association and was a
and responsibilities and 2023 activities can be found in member of the International Union Against Tuberculosis and
Chapter 6. Lung Disease. She will be greatly missed.
We extend our thanks to our Directors, employees and all stakeholders – government, vendors,
contractors and the communities in which we operate – for their hard work and support in 2023. We
wish you all a happy and healthy 2024.
Yani Y. Panigoro
President Commissioner
2023 Annual Report PT Medco Energi Internasional Tbk 11
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2023 Management Discussion Business Company Sustainability Corporate Governance Attachment
Performance and Analysis Activities Profile
Report by
the President Director
and the CEO
Hilmi Panigoro and
Roberto Lorato
President Director and
Chief Executive Officer
12 PT Medco Energi Internasional Tbk 2023 Annual Report
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EXPANDING OUR HORIZONS
In 2023, we 2023 was another busy and productive The acquisition of 20% interests in
year. We met all our targets for Blocks 60 & 48 in Oman continues this
achieved best Oil & Gas, Power sales, unit costs, trend and opens a potential new hub
in class ESG capital deployment and debt for low-cost production in a familiar
reduction. We also increased our cash operating environment, while also
performance and dividends, extended the Corridor boosting the Company’s production
robust operational PSC, closed the acquisition in Oman and reserves life. We believe we can
and progressed our renewable Power unlock significant value through the
and financial projects. MedcoEnergi again achieved development of already discovered
results. We also world-class safety performance and gas resources and through exploration.
further improved in sustainability, To this purpose, we will second
closed a significant with top quartile ESG ratings. Among experienced, senior staff to work
acquisition in other achievements, the year saw alongside the operator, recognizing
Oman, while the successful IPO of PT Amman
Mineral Internasional Tbk, clearly
that we have advanced expertise in
exploration, gas development and
Amman Mineral demonstrating the value of our 20.9% production, and sustainability.
Internasional stake in the listed company, AMMN.
In Power, our strategy is to expand
delivered a very MACROECONOMIC VIEWS our portfolio of gas and renewables
successful IPO. FOR 2023 IPPs to support Indonesia’s transition
Indonesia’s economy remained from coal-based to cleaner energy.
resilient in 2023, growth for the year In 2023 we made good progress with
was 5.05%, down slightly from 5.31% our renewable projects and were
in 2022. This growth ensured that awarded, by Singapore’s Energy
energy demand remained positive, Market Authority (EMA), a conditional
but the lower international benchmark license to import 600 MW of solar-
for oil prices affected MedcoEnergi’s powered electricity from Pulau Bulan
financial results. – a potentially transformational project
for Medco Power.
The higher interest rates that persisted
through 2023 have affected projects’ Following the successful IPO of
economics and investors’ expectations. PT Amman Mineral Internasional
MedcoEnergi has felt the increase Tbk, our strategy in Copper and
in the cost of borrowing, but has Gold Mining emphasizes responsible
mitigated the challenges through its and sustainable production. Amman
well-established relationships within will focus on expanding its world-
the banking sector and its ability to tap class facilities and infrastructure
diversified funding sources, including while adhering to the sustainability
syndicated bank loans, domestic commitments signed up to through
bonds and foreign currency bonds. The Copper Mark, the first and only
assurance framework for copper.
STRATEGY
IMPLEMENTATION Our strategy continues to deliver
Our strategy continued to deliver value in terms of production growth,
significant milestones across our three expansion of our footprint in Oil & Gas
core businesses: Oil & Gas, Power, and and Power and participation to the
Copper and Gold Mining. global transition to electric energy, for
which copper is a critical element. We
In Oil & Gas we have established intend to be a leader in the supply of
a record of successfully acquiring reliable and sustainable cleaner energy,
complex, high-margin producing and are actively building our expertise
assets and adding value through in this area, including low-carbon
operating efficiencies, fast-track solutions such as carbon capture, LNG
developments and low-risk exploration. and hydrogen.
2023 Annual Report PT Medco Energi Internasional Tbk 13
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2023 Management Discussion Business Company Sustainability Corporate Governance Attachment
Performance and Analysis Activities Profile
Report by
the President Director
and the CEO
ACHIEVEMENTS AND OPERATIONAL South Natuna Sea Block B was the focus of significant capital
HIGHLIGHTS spending in 2023; we progressed development of Bronang,
Notwithstanding robust Oil & Gas production West Belut, Forel and Terubuk Fields and we also secured a
160 mboepd and record Power Sales 4,155 GWh, the new GSA for export into Singapore. Good results were also
Company’s EBITDA US$1,255 million and Net Income achieved in our other Oil & Gas assets, both domestic and
US$331 million were lower than in 2022, reflecting lower International, through infill drilling, acid fracturing and other
Oil & Gas prices and reduced contribution from AMMN, activities to sustain production and add new reserves. 2023
which operations were affected by severe rainfalls and delays year-end 2P amounted to 539 mmboe and the Reserves Life
in renewing the export permit. Index improved to 10.6 years.
In 2023 average realized oil prices were US$78/bbl, down In 2023 we also expanded our exploration portfolio with the
US$18/bbl year-on-year from the US$96/bbl in 2022, and award of the Beluga PSC, close to our South Natuna Sea
average gas prices were US$7/mmbtu. Despite lower prices, Block B. We are currently pursuing environmental approvals
Oil & Gas results remained resilient due to our low unit cash for exploration activities.
costs US$8.3/boe. Capital expenditures, excluding the
Oman acquisition, were US$333 million spent mainly upon Power
progressing developments in Natuna, Corridor and the Ijen On top of their record power sales of 4,155 GWh, Medco
geothermal project. Power progressed drilling and construction activities at
Ijen geothermal (Phase 1, 34 MW), which reached 60%
Through the past five years’ cycle of acquisitions and completion at end of 2023 and is expected to commence
deleveraging, we have been able to strengthen the commercial operation by Q1-2025. We also made final
Company’s financial position. Excluding the debt drawn at investment decisions on the East Bali solar PV project
year-end to close the Oman acquisition, our gross debt is (25 MWp) and the 39 MW Add-On energy conservation
now back to 2018 levels, but with significantly larger scale project at PT Energi Listrik Batam (ELB) to utilise currently
and larger cash generation capacity, which has allowed us to wasted heat. The Bali PV project is expected to enter service
reward our shareholders with increased cash dividends, total by Q1-2025, the ELB Add-On Project around mid-2025. In
US$65 million were distributed in 2023. 2023 Medco Power received numerous awards for their
excellent safety performance, as further detailed on page 17.
Health And Safety
In 2023 we again improved our health and safety performance. Copper and Gold Mining
Oil & Gas recorded a Total Recordable Incident Rate (TRIR) We are very pleased with our investment in Copper and Gold
of 0.15, well below the international industry average, whilst Mining through Amman Mineral Internasional. The Company’s
Medco Power achieved Zero TRIR for the third consecutive successful IPO was the largest in Indonesia in 2023 and
year. We attribute our improved injury rate and zero lost we see the value of this investment continuing to increase,
time incidents to our continuous efforts to ensure all work given the global trend towards energy electrification. The
is conducted to the highest of standards, we systematically construction of smelter reached 76.1%.
investigate any incident and strive to understand and
close gaps. We will continue to elevate our safety culture, Sustainability
and require visible leadership from all our employees and In sustainability and ESG, we are guided by our vision and
contractors. policies, which include our Climate Change Strategy and
our new human rights policy. One of our key achievements
Oil & Gas was meeting the 2025 emission reduction targets two years
Our largest asset is the Corridor Block, which in 2023 produced in advance; in fact, our Oil & Gas operational assets have
net 74.4 mboepd. During the year various long-term gas sales achieved a 22% carbon emissions reduction from the 2019
contracts to supply major domestic and international buyers base year. Our achievements were recognized positively
were renewed and in December Corridor PSC entered its 20 by ratings agencies; we sit now in the top quartile of the
years extension under Cost Recovery scheme, with improved Oil & Gas sector. In 2023 our Sustainalytics score for ESG
terms that will provide flexibility to invest further and add risk again improved to 29.6 (medium risk) from 36.7 (high
reserves. We have already identified new developments, risk), while we maintained our ESG rating from MSCI at A and
including Suban, Sumpal and Dayung and added our CDP rating at B, having improved both of these in 2022.
14.4 mmboe net in P1 reserves in 2023.
14 PT Medco Energi Internasional Tbk 2023 Annual Report
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EXPANDING OUR HORIZONS
In 2023, we also intensified our capacity building across all Our 2024 guidance for Oil & Gas production is
employees and assets within the Medco Group and with 145-150 mboepd, and our unit cash costs target remains
vendors at our annual Vendor Day and in other forums. We below US$10/boe. Our targeted capital expenditure for the
have invested significant efforts in recent years in building Oil & Gas unit is US$350 million, which will mainly be focused
our knowledge and capabilities in ESG, climate change and in Oman, South Natuna Sea Block B and Corridor PSCs. For
the energy transition. Medco Power, we forecast power sales at 4,100 GWh and
capital expenditure at US$80 million, which will mainly be
CORPORATE GOVERNANCE directed at completing the Ijen Geothermal and the Bali PV
We strive to implement the highest standards in all that we projects and progressing the ELB Add-On project.
do, and our latest Climate Change governance improvements
contributed to increase our ESG ratings score. The agencies In 2023 Amman will complete its Smelter Projects and
improved our safety score, and also acknowledged changes further progress its Processing Plant Expansion Project and
we made to the whistleblower system and our emissions a 450 MW combined-cycle gas power plant and LNG storage
reductions. We also continued to work to implement ISO and regasification terminal at Benete Bay.
37001 in Anti-bribery Management Systems across our
assets, and in 2023 achieved certification for Corridor. APPRECIATION
We remember with respect and appreciation Ibu Raisis Arifin
We established a comprehensive Human Rights Policy Panigoro, who sadly passed away in January 2024. Ibu Raisis
aligned with international standards, consolidating existing served as a valued advisor to MedcoEnergi, predominantly in
commitments from our Code of Conduct and other advancing the Company’s commitment to social issues. Her
documentation. Promoting diversity and gender equality commitment to helping those in need serves as an inspiration
are key priorities within this policy. While some areas of our to us all.
operations, such as oil platforms, remain male dominated,
it is pleasing to see that increasing numbers of operators, We extend our sincerest gratitude to all MedcoEnergi
technicians, senior management, and finance and other employees. Your dedication, innovative spirit, professionalism,
professionals are female. and commitment to upholding the highest ethical standards
were instrumental in achieving the significant progress we
2024 OUTLOOK made in 2023.
Our key deliverables for 2024 are to continue to elevate our
safety culture and to progress the development of Natuna, We also extend our sincere appreciation to all our valued
Corridor and Bangkanai, deliver Ijen geothermal, East Bali stakeholders: government, shareholders, investors, partners,
solar PV and ELB Add-On projects and to advance the contractors, vendors, and the communities where we operate.
Pulau Bulan project. We will maintain our commitment in Your continued trust and support have been essential in
ESG, further expand our capabilities to support the energy enabling us to expand our horizons and achieve another
transition and continue to engage with our stakeholders and successful year.
investors, who are key to continuing our growth trajectory.
Hilmi Panigoro Roberto Lorato
President Director Chief Executive Officer
2023 Annual Report PT Medco Energi Internasional Tbk 15
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2023 Management Discussion Business Company Sustainability Corporate Governance Attachment
Performance and Analysis Activities Profile
Achievements
• Met all operational guidance: Oil & Gas production 160 mboepd, capex US$250 million
and unit cash cost below US$10/boe.
• Acquired 20% non-operated interests in Block 60 (producing) and Block 48
(exploration) in Oman.
• Extended Corridor PSC under Cost Recovery scheme with improved terms to support
new exploration and development.
• Signed several new Corridor GSAs with both export and domestic customers, and a
Oil & Gas new export Natuna GSA.
• Increased the 2P Reserves Life Index (RLI) to 10.6 years and the 1P RLI to 7.5 years.
• Repaid Oil & Gas debt down to the 2018 level, prior to the Ophir acquisition.
• Awarded new exploration PSC for Beluga Block in Natuna Sea.
• Three consecutive years with zero TRIR.
• Power sales exceeded guidance, 4,155 GWh.
• Received conditional approval from Singapore’s Energy Market Authority for the
import of 600 MW from a solar farm and a recommendation from the Indonesian
Government for the subsea cable route, paving the way for a large-scale solar project
at Pulau Bulan with over 2,000 MWp of solar PV Capacity.
• Drilled five of the six wells needed for phase one of the 110 MW Ijen Geothermal
Power project, which will be East Java’s first geothermal power plant.
• Made the Final Investment Decision for East Bali Solar PV project and ELB Add-On
Project, Batam.
• Amman Mineral Internasional (AMMN) was listed on the Indonesia Stock Exchange
(IDX) in Indonesia’s largest IPO in 2023.
• AMMN included in Financial Times Stock Exchange (FTSE) and MSCI indices.
Copper & Gold
Mining
• Achieved 2025 GHG and methane emissions targets 2 years in advance.
• Continued MedcoEnergi’s positive trajectory on ESG ratings with Sustainalytics
risk score moving from 36.7 to 29.6; this rating places MedcoEnergi 23rd out of 307
Oil & Gas companies rated by Sustainalytics.
• The MSCI rating was maintained at A and CDP at B, at par with the average for the
Oil & Gas extraction and production sector.
ESG Commitments • Extended ISO 37001:2016 Anti-Bribery Management System (ABMS) Certification to
Medco E&P Grissik.
Bronang Platform, South Natuna Sea Block B
16 PT Medco Energi Internasional Tbk 2023 Annual Report
Page 19
EXPANDING OUR HORIZONS
Awards
Oil & Gas Power Copper & Gold
Mining
IOG Awards 2023 Gold PROPER Good Mining Practice Award 2023
• Medco E&P Natuna received the Project PLN Tanjung Jati B, operated by Medco Amman received the Aditama Award for
Performance Award in the Exploration Power Indonesia through PT TJB Power Environmental Protection Management,
category for the Belida Extension Project. Services, recognized for environmental the Utama Award for Mining Technical
• Medco E&P Indonesia received the conservation efforts which exceed Management and Standardization in the
Assurance and Consulting Excellence regulation standards for five consecutive Mineral and Coal Services Sector.
Award in the Internal Supervision years.
category.
• JOB Tomori received the Integrity
Compliance and Ethics Award and the
Best Cost Initiative Award in the Internal
Supervision category.
SKK Migas Ministry of Environment & Forestry Ministry of Energy and Mineral Resources
Subroto Award Zero Accidents Award Subroto Award
• Donggi Senoro LNG recognized for Tanjung Jati B Power Services, Mitra Amman awarded for most innovative
Utilization of Flare Gas in Downstream Oil Energi Batam and Medco Ratch Power Riau community development and empowerment
& Gas activities. recognized for zero accidents. program in the health sector subcategory.
• Medco E&P Grissik recognized for
maximum efforts in improving Non-tax Amman awarded for Innovation in providing,
State Revenue. developing and managing nursery facilities
in Mineral and Coal Mining.
Ministry of Energy and Mineral Resources Ministry of Manpower Ministry of Energy and Mineral Resources
Gold PROPER Indonesia Best Electricity Award
JOB Tomori recognized for dedication 2023
to environmental conservation and the • Medco Power Indonesia recognized as
implementation of sustainable community Best of the Best Renewables Company.
empowerment programs around its • Energi Listrik Batam recognized as Best
operations. Non-renewables Power Plant Company.
• Tanjung Jati B Power Service recognized
Ministry of Environment & Forestry as Best O&M Company.
Listrik Indonesia Magazine
Green PROPER
Medco E&P Natuna and Medco Energi
Sampang recognized for dedication to
environmental conservation.
Ministry of Environment & Forestry
Tax Award
Medco E&P Grissik and Medco E&P Tomori
Sulawesi recognized for tax payments
that contribute greatly to Indonesia’s
development.
Ministry of Finance, Directorate General
of Taxes
Sustainability Disclosure
Recognition
Bualuang PSC recognized for transparent
sustainability disclosure in accordance with
international ESG practices and standards.
Thaipat Institute
2023 Annual Report PT Medco Energi Internasional Tbk 17
Page 20
Management Discussion & Analysis 20 Financial Review 24 Business Prospects and Challenges 24 New Sales Contracts
Page 21
02
Page 22
2023 Management Discussion Business Company Sustainability Corporate Governance Attachment
Performance and Analysis Activities Profile
Financial
Review
Anthony R. Mathias
Director & Chief
Financial Officer
20 PT Medco Energi Internasional Tbk 2023 Annual Report
Page 23
EXPANDING OUR HORIZONS
Over the past In 2023 MedcoEnergi met all of our rise in net Finance Charges year on year
operational guidance, for oil & gas despite drawing US$470 million to close
five years, due production, power sales, unit costs, capital the acquisition of the Oman blocks was
to successful expenditure and debt reduction. We also the result of continued multi-year debt
acquisitions, increased our cash dividend, exceeded repayments and bond buybacks.
financial expectations, extended the
targeted Corridor PSC, closed the Block 60 and Consolidated debt closed the year up
exploration, good Block 48 Oman acquisitions, met our US$144 million from US$3,151 million
operatorship and reduction targets for Green House Gas in 2022. In 2023, we secured a new
emissions, two years ahead of plan and US$350 million financing facility, a
good governance, improved our ESG rating. Finally, of US$300 million amortizing loan, and
MedcoEnergi course the Amman IPO was executed in successfully issued a US$500 million
has been able July, the largest Indonesian IPO of the USD Bond. The proceeds from these
year. financings were used to close the Oman
to deliver acquisition, repay maturing debt and
significant Generally, oil prices in 2023 were accelerate our deleveraging strategy
growth in scale, again supportive, although around through capped tender offers which
US$20/bbl below 2022 levels. Brent retired US$425 million of USD notes.
profitability averaged around US$83/bbl in 2023
and shareholder and despite the unstable geopolitical NET INCOME AND EBITDA
returns. environment in the Middle East, prices Mainly as a result of the reduced
were less volatile than in 2022. Brent commodity prices 2023 EBITDA
opened 2023 at US$82/bbl, peaked decreased to US$1,255 million, down
in late September at US$98/bbl, from the US$1,593 million in 2022.
before declining to exit 2023 at around Net Income also fell to US$331
US$78/bbl. In line with this MedcoEnergi’s million, a drop of US$200 million from
average realized liquids prices in US$531 million in 2022. The Company’s
2023 were US$78/bbl compared to share of AMMN Net Income in 2023 was
US$96/bbl in 2022. Our commodity- US$55 million, down US$198 million from
linked gas price fell to US$9.9/mmbtu the US$253 million in 2022 because of
from US$11.6/mmbtu in 2022. Fixed the unprecedented flooding at the mine
gas prices were US$5.9/mmbtu versus site and a delay in the renewal of AMMN
US$6.8/mmbtu in 2022, and the export permit. Our Oil & Gas Net Income
consolidated average realized gas price continued to be underpinned by our
decreased to US$7.0/mmbtu from fixed prices contracts, a strength of the
US$8.2/mmbtu in 2022. Company, and these performed strongly.
Interest rates in 2023 in Indonesia and the Net Income was also affected by several
United States continued their steady rise, non-cash items. DD&A charges in 2023
with the Fed Funds rate ending the year were US$108 million below 2022, due
at 5.5%, up from the 4.5% at the end of to additional reserves added in 2023,
2022. Expectations for 2024 are that the mainly at the Corridor and Natuna Blocks
Fed may be able to cut interest rates in the following the signing of new long term gas
second half of the year and central banks contracts. The IPO of AMMN in July was a
around the world will then begin to follow. great success and resulted in a dilution gain
of US$84 million. The bargain purchase
In 2023 MedcoEnergi net Finance Charges from Oman acquisition was US$36 million,
were US$226 million, up US$7 million from largely from the continued higher price
the US$220 million in 2022. The modest environment since the acquisition.
2023 Annual Report PT Medco Energi Internasional Tbk 21
Page 24
2023 Management Discussion Business Company Sustainability Corporate Governance Attachment
Performance and Analysis Activities Profile
Financial
Review
There was also a fair value gain of US$24 million at DSLNG of US$44 million of VAT which is unlikely to be recovered
because of higher reserves from its supplying fields. However, under the current PSC rules. We also took the decision to
continued challenges at the Block A gas plant resulted in sell our Libya asset which resulted in a further write down of
an impairment of US$59 million, and a further write-off US$50 million.
Consolidated Statement of Profit of Loss and Other Comprehensive Income (US$)
Increase/
Description 2022 2023 %
(Decrease)
Continuing Operations
Total Sales and Other Operating Revenues 2,312,227,602 2,249,337,578 (62,890,024) -3%
Total Cost of Sales and Other Direct Costs (1,066,156,558) (1,215,676,557) 149,519,999 14%
Gross Profit 1,246,071,044 1,033,661,021 (212,410,023) -17%
Selling, general, and administrative expenses (219,856,788) (241,369,713) 21,512,924 10%
Other operating income (expenses)-net 19,895,071 (64,437,877) (84,332,949) -424%
Profit before Income Tax Expense from Continuing Operations 1,046,109,327 727,853,432 (318,255,895) -30%
Income Tax Expense (507,971,978) (339,666,380) (168,305,598) -33%
Profit for the Year from Continuing Operations 538,137,349 388,187,052 (149,950,297) -28%
Discontinued Operations Profit for the year 13,272,989 (42,418,449) (55,691,437) -420%
Profit attributable to
• Equity Holders of the Parent Company 530,882,675 330,675,261 (200,207,413) -38%
• non-controlling interests 20,527,663 15,093,342 (5,434,321) -26%
Basic Earnings per share attributable to Equity Holders of the Parent 0.02123 0.01321 (0.00802) -38%
Company
Basic Earnings per share attributable from Continuing Operations to 0.02070 0.01490 (0.00580) -28%
Equity Holders of the Parent Company
Return on Equity 34% 18% (16%) -47%
CAPITAL SPENDING In 2023, we were pleased to make final investment decisions
Oil & Gas capital in 2023 continued to be focused on for the 34 MW Ijen Geothermal plant, the 25 MWp East
developing discoveries at South Natuna Sea Block B Bali solar PV installation and the add-on combined cycle
and Corridor. Total capital spending in Oil & Gas was 39 MW project at Energi Listrik Batam which will use waste
US$261 million, in line with guidance of US$250 million. Capital heat to increase generating capacity. These three projects
spending in Medco Power was slightly below guidance of demonstrate our firm commitment to the energy transition
US$80 million, mainly due to the divestment of the Sumbawa and our sustainability. Construction is ahead of schedule on
Regas project. all three projects.
Balance Sheet (US$)
Increase/
Description 2022 2023 %
(Decrease)
Current Assets 1,751,396,299 1,546,648,779 (204,747,520) -12%
Non-Current Assets 5,180,509,527 5,921,667,490 741,157,963 14%
Total Assets 6,931,905,826 7,468,316,269 536,410,443 8%
Current Liabilities 1,379,314,476 1,422,070,168 42,755,692 3%
Non-Current Liabilities 3,805,072,025 4,018,650,109 213,578,085 6%
Total Liabilities 5,184,386,501 5,440,720,277 256,333,776 5%
Total Equity 1,747,519,325 2,027,595,992 280,076,667 16%
Total Liabilities and Equity 6,931,905,826 7,468,316,269 536,410,443 8%
22 PT Medco Energi Internasional Tbk 2023 Annual Report
Page 25
EXPANDING OUR HORIZONS
LIQUIDITY AND DIVIDENDS share. Despite the lower prices in 2023, the Company
MedcoEnergi’s liquidity position remains solid with was able to increase its interim cash dividend. In 2023
more than adequate resources and facilities to meet MedcoEnergi paid a US$40 million final dividend for
both current and near-term liabilities. The total final 2022 and a US$25 million interim dividend for 2023. The
dividend for 2022 was US$65 million, approximately final 2023 dividend will be recommended at the AGMS
IDR 38 per share, higher than guidance of Rp15-20 per in May 2024.
Capital Structure (US$)
Description 2022 % 2023 %
Interest-bearing Liabilities 3,151,163,034 45% 3,295,416,441 44%
Other Liabilities 2,033,223,467 29% 2,145,303,837 29%
Liabilities 5,184,386,501 75% 5,440,720,277 73%
Equity 1,747,519,325 25% 2,027,595,992 27%
Total Liabilities & Equity 6,931,905,826 100% 7,468,316,269 100%
Capital Expenditure (US$)
Increase/
Description 2022 2023 %
(Decrease)
Oil & Gas 269,377,267 261,161,345 (8,215,921) -3%
Power 49,076,670 133,678,870 84,602,199 172%
Total 318,453,937 394,840,215 76,386,278 24%
Capital Expenditure with Power Net portion (US$)
Increase/
Description 2022 2023 %
(Decrease)
Oil & Gas 269,377,267 261,161,345 (8,215,921) -3%
Power 32,696,900 72,191,642 39,494,742 121%
Total 302,074,167 333,352,987 31,278,821 10%
Cash Flow
Consolidated Statement of Cash Flow (US$)
Increase/
Description 2022 2023 %
(Decrease)
Net cash provided by operating activities 1,116,411,362 723,225,943 (393,185,419) -35%
Net cash provided by (used in) investing activities (1,062,938,459) (629,251,025) (433,687,434) -41%
Net cash provided by (used in) financing activities 64,430,142 (346,626,214) (411,056,356) -638%
Net Increase in Cash and Cash Equivalents from Continuing 117,903,045 (252,651,296) (370,554,341) -314%
Operations
Net Increase (Decrease) in Cash and Cash Equivalents from (2,972,571) 9,795,953 12,768,525 430%
Discontinued Operations
Net Foreign Exchange Difference 4,083,292 (3,194,298) (7,277,590) -178%
Cash and Cash Equivalents at Beginning of Year 480,984,828 599,998,594 119,013,766 25%
Cash and Cash Equivalents at End of Year 599,998,594 353,948,953 (246,049,641) -41%
2023 Annual Report PT Medco Energi Internasional Tbk 23
Page 26
2023 Management Discussion Business Company Sustainability Corporate Governance Attachment
Performance and Analysis Activities Profile
Financial
Review
BUSINESS PROSPECTS AND • An MoU for the South Sumatera & Rimau Block between
CHALLENGES PT Medco E&P Indonesia – PT Medco E&P Rimau and
In 2023 we maintained our focus on ESG and sustainability, PT Perusahaan Gas Negara Tbk, signed on November 13,
improving our Sustainalytics score and maintaining our 2023.
MSCI and CDP ratings. This is the right thing to do for • An MA for Gas Sales and Purchase between Medco
society and the environment. It is also for good business by Energi Madura Offshore Pty. Ltd. and PT Sarana Cepu
facilitating access to competitive capital markets and debt. Energi, signed on November 6, 2023.
Stakeholders recognize that we meet our sustainability and • A GSA between Medco E&P Grissik Ltd. and PT
ESG commitments, which we set in line with global standards Perusahaan Gas Negara Tbk, signed on December 19,
and best practices. Our relationships within the finance 2023.
providers remain positive and productive.
Amendments and other agreements:
The outlook for 2024 is positive with an improving macro • Side Letter Agreement (SLA) between PT Medco
environment in commodity prices and the prospect of lower E&P Indonesia and PT Pupuk Sriwidjaja Palembang for
interest rates. We are on track to fully repay the Corridor Alternative Gas Delivery under GSA, signed on August 1,
acquisition debt by mid-2024. MedcoEnergi’s strategy 2023.
remains to deleverage quickly and absent the December • SLA between PT Medco E&P Indonesia – PT Medco
draw of the Oman acquisition debt we delivered on the E&P Lematang and PT Pupuk Sriwidjaja Palembang for
commitment to reduce debt down to 2018 levels, the same Alternative Gas Delivery under GSA, signed on August 1,
debt as prior to the Ophir acquisition in 2019. The Company 2023.
has achieved significant growth in scale profitability and • SLA between PT Medco E&P Indonesia – PT Medco E&P
liquidity since 2018. We have delivered sharp increases in Lematang and PT PLN (Persero) for Alternative Gas
shareholder returns through successful acquisitions, targeted Delivery under GSA, signed on August 1, 2023.
exploration, good operatorship, and good governance. We • MA amending the GSA between PT Medco E&P
will continue to do so. Indonesia and PT Mitra Energi Buana, signed on August
21, 2023.
NEW SALES CONTRACTS • MA amending the GSA between Medco Energi Madura
Offshore Pty. Ltd. and PT Perusahaan Gas Negara Tbk.
Natural Gas signed on August 31, 2023.
The Company signed or amended numerous Gas Sales • MA amending the GSA between Medco Energi Madura
Agreements (GSAs) in 2023. Offshore Pty. Ltd. and PT Perusahaan Gas Negara Tbk.
signed on August 30, 2023.
New Agreements: • Amendment to the Sampang Gas Sales Agreement for
• A Memorandum of Understanding (MoU) for the Tarakan the Grati Combined Cycle Power Plant between PT PLN
PSC between PT Medco E&P Tarakan and PT Maxpower Indonesia Power and Medco Energi Sampang Pty. Ltd.,
Indonesia, signed on January 16, 2023. Singapore Petroleum Sampang Ltd, Cue Sampang Pty
• A Gas Sales Agreement (GSA) between Medco E&P Ltd, signed on November 1, 2023.
Natuna Ltd. and Sembcorp Gas Pte. Ltd. for the Sale and • Amendment to the Letter of Agreement (LoA) for the
Purchase of Gas from South Natuna Sea Block B, signed Implementation of gas price adjustment between PT
on June 5, 2023. Medco E&P Malaka and PT Pertagas Niaga, signed on
• A Mutual Agreement (MA) for Gas Delivery between PT December 19, 2023.
Medco E&P Malaka and PT Pertagas Niaga, signed on • Heads of Agreement (HoA) for a gas swap between
September 11, 2023. Medco E&P Grissik Ltd., PetroChina International Jabung
• A GSA between PT Medco E&P Indonesia – PT Medco Ltd., PT Pertamina (Persero), PT Pertamina Hulu Rokan
E&P Lematang and PT Pupuk Sriwidjaja Palembang, and PT Transportasi Gas Indonesia, signed on July 25,
signed on September 20, 2023. 2023.
• A GSA between PT Medco E&P Tomori Sulawesi, PT • MA to the GSA between Medco E&P Grissik Ltd. and PT
Pertamina Hulu Energi Tomori Sulawesi, Tomori E&P Perusahaan Gas Negara Tbk, signed on September 30, 2023.
Limited and PT Perusahaan Gas Negara Tbk for the • LA to implement a gas price adjustment signed on
supply of gas from the Senoro Field, signed on September November 4, 2023 to the MA between Medco E&P
22, 2023. Grissik Ltd. and PT Perusahaan Gas Negara Tbk dated
30 September 2023.
24 PT Medco Energi Internasional Tbk 2023 Annual Report
Page 27
EXPANDING OUR HORIZONS
• Amendment signed on December 19, 2023, to the GSA • Forel COSPA between Medco Energi Global Pte. Ltd. and
between Medco E&P Grissik Ltd. and PT Energasindo Glencore Singapore Pte. Ltd., signed on January 7, 2023.
Heksa Karya dated 30 October 2007. • Senoro COSPA between Medco Energi Global Pte. Ltd.
• Amendment and Novation signed on December 19, 2023, and Glencore Singapore Pte. Ltd., signed on January 7,
to the GSA between Medco E&P Grissik Ltd. and PT 2023.
Perusahaan Listrik Negara (Persero) dated 4 May 2015. • Grissik Mix Condensate Sales and Purchase Agreement
• Amendment signed on December 20, 2023, to the GSA (CSPA) between Medco E&P Grissik and BCP Trading
between Medco E&P Grissik Ltd. and PT Pupuk Sriwidjaja Pte. Ltd., signed on January 17, 2023.
Palembang dated 25 May 2016. • Arun CSPA between Medco Energi Global Pte. Ltd. and
• Amendment dated December 19, 2023, to the GSA Saras Trading SA, signed on January 6, 2023.
between Medco E&P Grissik Ltd. and PT Perusahaan Gas • Mamburungan COSPA between PT Medco E&P Tarakan
Negara Tbk dated 14 October 2021. and PT. Kilang Pertamina Internasional, signed on August
• Amendment signed on December 19, 2023, to the GSA 28, 2023.
between Medco E&P Grissik Ltd. and PT Perusahaan Gas • Bualuang COSPA between Medco Energi Thailand
Negara Tbk dated 17 May 2017. (Bualuang) Ltd. and Medco Energi Thailand (E&P) Ltd.
• Amendment signed on December 19, 2023, to the GSA with Glencore Singapore Pte. Ltd., signed on October 23,
between Medco E&P Grissik Ltd. and PT Perusahaan Gas 2023.
Negara Tbk dated 3 November 2017.
• Gas Swap Agreement between Medco E&P Grissik Ltd., Amendments and other agreements:
PT Pertamina EP and PT Perusahaan Gas Negara Tbk • Amendment to the Arun CSPA between Medco Energi
signed on December 20, 2023. Global Pte. Ltd. and Saras Trading SA, signed on May 9,
2023.
Crude Oil, Condensate and Sulphur • Amendment Term Sheet for CSPA between Medco
The Company signed or amended numerous crude oil and Energi Sampang Pty. Ltd. and PT Multi Color Indonesia,
condensate contracts in 2023. signed on June 26, 2023.
• Amendment to CSPA between Medco Energi Bangkanai
New Agreements: Ltd. and PT Kimia Yasa, signed on September 27, 2023.
• Belanak Crude Oil Sales and Purchase Agreement • Amendment to Sulphur Sales and Purchase Agreement
(COSPA) between Medco Energi Global Pte. Ltd. and between PT Medco E&P Malaka and PT Pembangunan
Glencore Singapore Pte. Ltd., signed on January 7, 2023. Aceh, signed on November 14, 2023.
• Belida COSPA between Medco Energi Global Pte. Ltd.
and Glencore Singapore Pte. Ltd., signed on January 7,
2023.
2023 Annual Report PT Medco Energi Internasional Tbk 25
Page 28
Business
Activities
28 Oil & Gas
38 Expanding Our Reach in Oman
40 Power
44 Copper and Gold Mining
48 Other Businesses
Onshore Processing Facility Grati, East Java
Page 29
03
Page 30
2023 Management Discussion Business Company Sustainability Corporate Governance Attachment
Performance and Analysis Activities Profile
Oil & Gas
In 2023 we
excelled in
safety and
expanded our
horizons with
the acquisition
of Oman Blocks
60 & 48.
Ronald Gunawan
Director & Chief
Operating Officer
28 PT Medco Energi Internasional Tbk 2023 Annual Report
Page 31
EXPANDING OUR HORIZONS
MedcoEnergi prioritizes safety, and I am pleased to report South Sumatra PSC amendment was approved to facilitate
another year of excellence in 2023. Our Total Recordable further development in the block. At the Bangkanai PSC
Incident Rate (TRIR) is reduced to 0.15 from 0.21 in 2022, we performed successful acid fracturing at two wells which
well below the international industry average. We remain significantly increased gas deliverability. We also secured
committed to upholding the highest standards and best adjustments to the Tarakan PSC Firm Working Commitment,
practices across the company. Operations across all our obtained approval for the Flamboyan-Rengas development
assets - international, Indonesian and non-operated - were plan, and continued waterflood optimization activities at Kaji
conducted safely with no lost-time incidents (LTI). At Karim Semoga, South Sumatra.
Small Fields, Oman, we achieved a significant milestone,
reaching 8 million hours without an LTI. Our two joint operated assets produced 21.1 mboepd in
2023. In JOB Tomori, we continued to prepare for the
Production and Reserves development of the South Senoro gas field, while in
We achieved our production target in 2023, reaching JOB Simenggaris we increased gas production and
160 mboepd. Our 2P reserves life index also increased from conducted first condensate lifting.
8.4 to 10.6 years. This growth is the result of the acquisition of
assets in Oman, reserves increase in South Natuna Sea Block Offshore Assets
B and the Corridor Block. South Natuna Sea Block B was the focus of significant
capital spending in 2023; we progressed development of
INDONESIA Bronang, West Belut, Forel and Terubuk fields. The Bronang
MedcoEnergi has a total of 15 oil & gas assets in Indonesia, wellhead platform which is fully operated using renewable
with 12 currently producing. In 2023 these Indonesian assets energy from solar, was brought onstream in September 2023
contributed above target production of 143 mboepd. to provide additional 50 bbtud gas deliverabilty for gas sales
to Singapore. The West Belut platform and Forel FPSO are
Corridor Block in project execution phase and production will begin in 2024.
Our largest asset is the Corridor Block located in onshore
South Sumatra, which produced 74.4 mboepd. In 2023, with We further strengthened our position in Block B by
support from the Government of Indonesia, we renewed securing new GSA with SembGas in June 2023, followed
Corridor’s long-term gas contract to supply major domestic by a successful Block B PSC amendment in October which
gas buyers including PGN, PLN, PUSRI and EHK. In December provides incentive for Forel oil development to protect
2023, Corridor entered PSC extension period of 20 years with project economics at low oil price. Additionally, we also
favorable extended terms under the Cost Recovery scheme. received approval for incentives for Paus Biru development
We are currently executing several gas development programs in Sampang Block in June. Total production from domestic
in the Corridor fields to maximize production. offshore assets in 2023 was 20.1 mboepd.
Other Onshore Assets Exploration Activities
Our six operated onshore assets produced 27.8 mboepd In September 2023, we were awarded the Beluga PSC with
in 2023. There, we smoothly transitioned the Rimau PSC an area covering 8,472 km2. This offshore block is adjacent to
to a gross-split contract with a 20-year extension. The Block B and provides an opportunity for organic exploration
growth in the Western Natuna area.
Oyong Platform, Sampang PSC, East Java
2023 Annual Report PT Medco Energi Internasional Tbk 29
Page 32
2023 Management Discussion Business Company Sustainability Corporate Governance Attachment
Performance and Analysis Activities Profile
Oil & Gas
Furthermore, we secured two-year exploration period In 2023, overall production from MedcoEnergi’s international
extensions for both the West Bangkanai PSC and the North assets was 16.3 mboepd. Production increased to
Sokang PSC. The West Bangkanai extension aligned with the 28.9 mboepd since mid-December 2023, as a result of the
potential Kerendan Full Field Development, while the North Oman 60 acquisition.
Sokang extension will allow time to identify commercial
development options. Pre-Development and Exploration
In our pre-development assets, in Blocks 1 and 4 Tanzania,
INTERNATIONAL negotiations with the Government of Tanzania to create
During 2023, we made significant changes to our portfolio a pathway for an investable and competitive LNG project
of international assets. In December 2023 we acquired 20% continue. Draft agreements were negotiated in 2023 and are
interests in Blocks 60 and 48 in Oman, both with favorable now waiting for government endorsement. In Libya Area 47,
PSC terms. Block 60 is a long-life asset with the producing the arbitration case brought against Libya NOC is in progress.
fields of Bisat (oil) and Abu Butabul (gas and condensate).
Block 48 is an exploration block with good oil & gas potential In exploration, we were granted a one-year extension for Block
located west of Block 60. 56, Oman, in addition to adding Block 48, Oman to our portfolio.
Conversely, we are in the process of relinquishing the licenses
Elsewhere, we divested our interest in the onshore Thailand for blocks 10 and 12 in Mexico due to lack of prospectivity.
Sinphuhorm gas field in February 2023. The sale of Vietnam’s
offshore Block 12W, encompassing the Chim Sao and Dua ESG PROGRESS IN 2023
oil fields, was agreed upon in December 2022 and the We continue to make progress on our ESG commitments.
transaction was completed in April 2024. In 2023, we have implemented 41 GHG emission reduction
initiatives through process optimization, fuel gas reduction,
International Production reducing fugitive emissions, and improving energy efficiency
We have five international producing assets, two operated with lighting replacement and solar PV installation, such as
and three non-operated. Our two operated producing in Matak (150 kWp) and Bronang Platform (11.5 kWp). These
assets, Karim Small Fields in Oman and Bualuang in initiatives resulted in a reduction of 147,963 tCO2e/year,
Thailand, implemented active drilling and workover well with a one-time reduction of 94,860 tCO2e from well clean-
programs during the year. At Karim Small Fields production up & testing flare reduction. We are currently progressing
increased from 2022 and exceeded its target, underpinned CCS studies at the Natuna, Corridor and South Sumatera
by an active infill drilling program and implementation of PSCs. We also planted 143,883 trees across our sites, and
steamflood enhanced oil recovery projects. Higher oil market committed to their maintenance.
prices supported an active drilling and workover program in
Bualuang. At the JOB Tomori, GHG emissions were also reduced, and
the asset implemented a turtle ecotourism program with the
Infill drilling programs were also conducted in our non- community, continued the coral transplantation program, and
operated producing assets. This resulted in increased conservation of mangroves and maleo birds, and supported a
production from Vietnam Block 12W. In Yemen, continued water distribution network for the community.
political conflict in the country prevented production
operations due to blockages of oil export terminals and Sustainability initiatives were also implemented in other
resulted in a suspension of the full drilling program. company’s assets. A comprehensive overview of our ESG
progress for the year is provided in Chapter 5.
Blok 60, Oman
30 PT Medco Energi Internasional Tbk 2023 Annual Report
Page 33
EXPANDING OUR HORIZONS
Bualuang Platform, Thailand
Net Oil & Gas Production (mboepd) 2019 2020 2021 2022 2023
Indonesian Assets
Corridor – – – 70.2 74.4
Senoro-Toili 20.0 21.3 19.1 21.7 20.8
South Natuna Sea Block B 21.7 19.0 18.3 17.3 14.7
South Sumatra 15.8 8.8 8.9 9.3 9.4
Block A 8.6 5.5 7.1 8.4 6.8
Madura Offshore 3.1 5.7 5.6 4.3 3.3
Rimau 7.8 4.8 4.3 4.2 4.1
Bangkanai 1.6 2.8 2.9 2.8 2.4
Sampang 1.8 3.0 2.9 2.5 2.1
Lematang 3.2 2.8 2.7 2.1 4.1
Tarakan 2.1 1.3 1.4 1.3 1.0
Simenggaris 0.0 0.0 0.0 0.0 0.3
International Assets
Bualuang 3.7 9.9 7.2 5.6 4.8
Block 12W*** 3.8 5.3 3.6 2.6 2.9
Sinphuhorm* 0.7 1.5 1.5 1.6 0.2
Block 9 Yemen 0.5 1.3 1.4 1.1 0.1
Tunisia 1.1 – – – –
Oman Block 60** – – – – 0.7
Oman Karim Small Fields 7.2 7.4 7.2 7.4 7.6
Total Oil & Gas Production 102.8 100.4 94.1 162.5 159.7
* Divested February 2023
** Acquired December 2023
** *Divested April 2024
2023 Annual Report PT Medco Energi Internasional Tbk 31
Page 34
2023 Management Discussion Business Company Sustainability Corporate Governance Attachment
Performance and Analysis Activities Profile
Oil & Gas
Net Oil Production (mbopd) 2019 2020 2021 2022 2023
Indonesian Assets
South Natuna Sea Block B 6.5 6.1 5.5 4.1 4.2
Rimau 7.2 4.3 3.9 3.8 3.7
Corridor – – – 2.9 3.0
Senoro-Toili 2.3 2.3 2.1 2.3 2.2
South Sumatra 4.9 2.8 2.2 2.0 1.7
Block A 1.5 0.7 0.9 1.1 0.9
Tarakan 1.9 1.2 1.0 0.9 0.7
Bangkanai 0.2 0.3 0.3 0.3 0.3
Simenggaris 0.0 0.0 0.0 0.0 0.0
Sampang - 0.1 0.1 0.1 0.0
International Assets
Bualuang 3.7 9.9 7.2 5.6 4.8
Block 12W*** 3.0 4.2 2.8 2.0 2.2
Block 9 Yemen 0.4 1.0 1.2 0.9 0.0
Sinphuhorm* 0.0 0.0 0.0 0.0 0.0
Tunisia 0.7 – – – –
Oman Block 60** – – – – 0.6
Oman Karim Small Fields 7.2 7.4 7.2 7.4 7.6
Total Oil Production 39.3 40.4 34.4 33.5 32.1
Net Gas Production (mmscfd) 2019 2020 2021 2022 2023
Indonesian Assets
Corridor – – – 374.3 397.4
Senoro-Toili 91.7 97.8 87.9 99.7 95.7
South Natuna Sea Block B 81.6 69.2 67.7 70.1 55.3
Block A 39.7 26.5 34.5 40.9 32.7
South Sumatra 56.8 31.1 34.4 37.9 39.6
Madura Offshore 17.8 32.3 31.7 24.3 19.0
Bangkanai 7.5 13.2 13.9 13.6 11.3
Sampang 9.2 15.9 15.2 13.2 10.9
Lematang 21.1 16.7 15.6 12.0 24.0
Rimau 3.5 2.8 2.3 2.4 2.5
Tarakan 1.6 0.8 2.3 2.1 1.8
Simenggaris 0.0 0.1 0.0 0.0 1.7
International Assets
Sinphuhorm* 4.2 9.0 8.6 9.2 1.3
Block 12W*** 4.1 5.7 3.8 2.9 3.5
Block 9 Yemen 0.6 1.2 1.5 1.2 0.4
Bualuang 0.0 0.1 0.0 0.0 0.0
Tunisia 2.4 – – – –
Oman Block 60** – – – – 0.2
Total Gas Production 341.9 322.3 319.7 704.1 697.4
* Divested February 2023
** Acquired December 2023
** *Divested April 2024
32 PT Medco Energi Internasional Tbk 2023 Annual Report
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EXPANDING OUR HORIZONS
INDONESIAN OIL & GAS ASSETS Energi Sulawesi (50%), PT Medco E&P Tomori Sulawesi
(30%) and Tomori E&P Limited (20%). The Senoro-Toili
Block is one of the largest gas producers in Indonesia, with
South Natuna Sea Block B, Riau Islands
average production of 319 mmscfd (95.7 mmscfd net) from
the Senoro field in 2023. This is delivered mainly to the
MedcoEnergi is the operator of and holds a 40% interest Donggi Senoro LNG facility and an ammonia plant operated
in the South Natuna Sea Block B PSC. Block B consists of by Panca Amara Utama.
15 offshore platforms, 3 producing subsea fields, 1 floating
storage and offloading unit (FSO) and one of the most At the end of 2023, Senoro-Toili had achieved more than
sophisticated floating production, storage and offloading 43 million safe working hours stretching back to 2014 and
(FPSO) units in the world, Belanak. also obtained a Gold PROPER award in 2023 from the
Ministry of Environment and Forestry. During 2023, the
The Company signed a new GSA, GSA-3, with SembCorp operator continued to prepare for the development of the
Gas in June 2023. To fulfil this agreement commencing in South Senoro gas field with drilling campaign expected to
Q3-2024, development of the West Belut, Terubuk, and start in mid-2024.
Siput fields is underway.
South Sumatra Region, South Sumatra
In 2023 the gross average production from South
Natuna Sea is 36.7 mboepd (Oil 10.6 mbopd and Gas
138.2 mmscfd) or 14.7 mboepd (Oil 4.2 mbopd and Gas 55.3 The Company holds a 65% interest in the South Sumatra PSC,
mmscfd) net. MedcoEnergi successfully brought the new a 60% interest in the Rimau PSC and 100% of the Lematang
Bronang platform online in September 2023 with a gross PSC. In 2023, South Sumatra PSC produced 14.4 mboepd
production capacity of 50 mmscfd. The third amendment (9.4 mboepd net) and Lematang PSC produced
of the Block B PSC was secured in October 2023 to include 4.1 mboepd. The achievement primarily stemmed from
incentives for the development of the Forel oil field. In the increased gas availability following the successful Lematang
Natuna Sea, the Company is also the 100% owner of the acid fracturing in 2022 and enhanced facility reliability,
North Sokang PSC and the Beluga PSC exploration block. enabling both to capitalize on opportunities in the gas
market. The additional gas supplied to Pupuk Sriwidjaja
Palembang (PUSRI) was covered through a new GSA.
Senoro-Toili, Central Sulawesi
South Sumatra PSC also successfully secured its future
The block is operated by Joint Operating Body Pertamina development by obtaining approval from SKK Migas of the
Medco E&P Tomori Sulawesi (JOB Tomori). Three POD for Flamboyan and Rengas fields in October 2023.
companies hold participating interests: PT Pertamina Hulu This is also line with the PSC amendment with improved
Senoro - Toili Block
2023 Annual Report PT Medco Energi Internasional Tbk 33
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2023 Management Discussion Business Company Sustainability Corporate Governance Attachment
Performance and Analysis Activities Profile
Oil & Gas
terms to facilitate further development. In Rimau PSC, ussion of PSC extension.
Block A, Aceh
we collaborated effectively with SKK Migas to smoothly
transition to a gross split contract in April 2023. Additionally,
the Rimau PSC upsized several electric submersible pumps The Company is the operator of and holds an 85% interest
to maintain base production and aimed to further enhance in the Block A PSC, Aceh. In 2023, Block A PSC average
production through waterflood optimization at Kaji Semoga production is 8 mboepd (6.8 mboepd net). To maintain
fields. Rimau PSC achieved 2023 average production of production and facility reliability, Block A PSC performed
6.3 mboepd (4.1 mboepd net). safely a major turnaround in September 2023 in parallel with
a well static bottomhole pressure survey (SBHP) to acquire
data for potential further well optimization. The Company has
Corridor, South Sumatra
begun a study for Block A Phase 2 development to increase
gas delivery to maximum gas processing capacity.
MedcoEnergi is the operator of and holds a 46% interest
in the Corridor PSC, which runs until December 2043. It
North Kalimantan Region
obtained approval for a favorable PSC extension under Cost
Recovery scheme in December 2023. The Corridor PSC
has a producing oil field and seven producing gas fields, all The Company owns and operates a 100% interest in the
located onshore in South Sumatra, Indonesia, adjacent to Tarakan PSC and a 62.5% interest in Joint Operating Body
MedcoEnergi’s existing South Sumatra operations. Pertamina Medco E&P Simenggaris (JOB Simenggaris). In
2023, Tarakan PSC produced average 1 mboepd through
Corridor is the second largest gas producer in Indonesia, execution of several well works and optimization activities. To
with the gas sold under long-term contracts to high quality maximize the monetization of the Simenggaris gas reserves,
buyers in Indonesia and Singapore. In 2023 Corridor’s gross JOB Simenggaris signed a GSA in 2020 with PT Kayan LNG
average production is 138.3 mboepd (gas 739 mmscfd and Nusantara to supply gas to an LNG plant.
oil/condensate 5.5 mbopd) or 74.4 mboepd (gas 397.4
mmscfd and oil/condensate 3 mbopd) net. In 2023, Kayan LNG completed the construction of the
LNG plant and safely obtained first drop in August, with
Corridor is currently focusing on production optimization export successfully commenced in November. With the
to protect base production, and further field development. start-up of gas production for Kayan LNG, JOB Simenggaris
Through Transasia Pipeline Company, MedcoEnergi also produced more gas and successfully conducted the first
has a minority interest in the gas pipeline network supplying condensate lifting in October. The gross production in 2023
customers in Central Sumatra, Batam and Singapore. was 500 boepd (2.8 mmscfd and 18.4 bcpd) or 313 boepd
Corridor also has access to reservoirs suitable for carbon (1.7 mmscfd and 11.5 bcpd) net.
capture and storage.
Bangkanai and West Bangkanai, Central
Madura Offshore, Sampang, East Java Kalimantan
The Company is the operator of and holds a 67.5% interest The Company owns and operates a 70% interest in the
in the Madura Offshore PSC (which owns 77.5% of the Bangkanai PSC and a 70% interest in the West Bangkanai
PSC’s Meliwis field) and 45% of the Sampang PSC. Both PSC. Average 2023 production of Bangkanai PSC is
the Madura Offshore and Sampang PSCs are located in 3.4 mboepd (2.4 mboepd net). In May 2023, Bangkanai
the East Java Basin in the Madura Strait. Madura Offshore successfully executed acid fracturing at K7 and K8 wells,
consists of three producing gas fields: Maleo, Peluang and doubling well gas deliverability at K8. Bangkanai PSC
and Meliwis with total production in 2023 26.2 mmscfd successfully managed its condensate lifting and met the
(18.9 mmscfd net), while Sampang PSC consists of two: daily contract quantity from Q2-2023 through improved
Wortel and Oyong with total gross production in 2023 is road and condensate trucking operation. The Company
4.6 mboepd (Condensate 74 bcpd and Gas has begun a study for Bangkanai Phase 2 development to
24.3 mmscfd) or 2.1 mboepd (Condensate 33 bcpd and Gas increase delivery up to 100 mmscfd. West Bangkanai remains
11 mmscfd) net. Following the approval of the incentive for an exploration block with no development at present.
the Paus Biru gas development in the Sampang PSC, the
Company is seeking a PSC extension.
34 PT Medco Energi Internasional Tbk 2023 Annual Report
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EXPANDING OUR HORIZONS
Type of Area
Assets Expiry Participating Interests Status
Contract (Km2)
South Natuna Sea, PSC 11,155 2028 • Medco E&P Natuna Ltd. 40% (operator) Production
Block B, • PT Medco Daya Natuna 35%
Riau Islands • Prime Natuna Inc. 25%
Corridor, South Sumatra PSC 2,095 2043 • Medco E&P Grissik Ltd. 46% (operator) Production
• Repsol Corridor S.A. 24%
• PT Pertamina Hulu Energi Corridor 30%
Senoro-Toili, Central PSC JOB 451 2047 • PT Medco E & P Tomori Sulawesi 30% Production
Sulawesi • PT Pertamina Hulu Energi Tomori Sulawesi 50%
• Tomori E&P Limited 20%
Block A, Aceh PSC 1,681 2031 • PT Medco E & P Malaka 85% (operator) Production
• PT Medco Daya Energi Nusantara 15%
South Sumatra, South PSC 4,470 2033 • PT Medco E & P Indonesia 65% (operator) Production
Sumatra • PT Medco Daya Makmur 35%
Rimau, South Sumatra PSC (gross split 1,103 2043 • PT Medco E & P Rimau 60% Production
post 2023) • PT Bahtera Daya Makmur 35%
• PT Sumsel Energi Gemilang 5%
Lematang, South PSC 409 2027 • PT Medco E & P Lematang 51% Production
Sumatra • Medco Lematang BV 26%
• Lematang E&P Limited 23%
Peluang • Medco Energi Madura Offshore Pty Ltd 67.5% (operator)
and • Petronas 22.5%
Maleo • Petrogas Pantai Madura 10%
Madura fields
Offshore, PSC 849 2027 Production
East Java
Meliwis • Medco Energi Madura Offshore Pty Ltd 77.5% (operator)
field • Petronas 22.5%
Sampang, East Java PSC 534 2027 • Medco Energi Sampang Pty Ltd 45% (operator) Production
• Singapore Petroleum Company 40%
• Cue Sampang Energy Pty Ltd 15%
Tarakan, Kalimantan PSC (gross split) 180 2042 • PT Medco E & P Tarakan 100% Production
Bangkanai, Kalimantan PSC 1,385 2033 • Medco Energi Bangkanai Limited 70% (operator) Production
• PT Saka Bangkanai Klemantan 30%
Simenggaris, Kalimantan PSC JOB 547 2028 • PT Medco E & P Simenggaris 62.5% Production
• PT Pertamina Hulu Energi Simenggaris 37.5%
West Bangkanai, PSC 5,463 2043 • Medco Energi West Bangkanai Limited 70% (operator) Exploration
Kalimantan • PT Saka Energi Bangkanai Barat 30%
North Sokang, PSC 1,124 2040 PT Medco Energi Natuna Timur 100% Exploration
Riau Islands
Beluga, Riau Islands PSC 8,472 2053 PT Medco Energi Beluga 100% Exploration
INTERNATIONAL OIL & GAS ASSETS
Bualuang, Thailand Sinphuhorm, Thailand
The Company operates and holds a 100% interest in the The Company held a 9.5% interest in the Sinphuhorm gas
Bualuang field, which is located in the B8/38 offshore block field through its 27.2% ownership of APICO. PTT Exploration
in the Gulf of Thailand. The field consists of three platforms and Production Public Company Ltd. (PTTEP) operates
producing to a leased FSO unit. In 2023, oil production the field, which is located on the Khorat Plateau, onshore
averaged 4.8 mbopd, supported by an active workover northeast Thailand. On February 22, 2023 the Company
program using both a jack-up rig and a hydraulic workover completed the divestment of the asset to Jadestone Energy.
unit. Infill drilling at four wells commenced in November 2023.
2023 Annual Report PT Medco Energi Internasional Tbk 35
Page 38
2023 Management Discussion Business Company Sustainability Corporate Governance Attachment
Performance and Analysis Activities Profile
Oil & Gas
Block 12W, Vietnam Block 60, Oman
The Company holds a 31.875% non-operated interest in In December 2023, the Company acquires a 20% interest in
Block 12W in the Nam Con Son Basin, offshore Vietnam. The Block 60. The block is located in the western part of Oman
block consists of two producing fields, the Chim Sao field near to the border with Saudi Arabia. The EPSA term is for
with a 20-slot wellhead platform, and the Dua field, which 30 years until 2048 with an extension option of an additional
has three subsea wells. Both fields produce oil through a 10 years. Block 60 is a producing asset and includes the
leased FPSO unit and the gas is sold through the Nam Con producing fields Bisat (Oil) and Abu Butabul (Gas and
Son pipeline system. A three-well infill drilling campaign Condensate). In 2023, the average production was 63
commenced in Q3-2022 with the wells coming onstream in mboepd (12.6 mboepd net). Bisat development program is
2023. Production increased to over 10 mbopd and averaged ongoing with drilling activities using four rigs with an average
9.1 mboepd (2.9 mboepd net) for the year. In December of 60 wells drilled per year and a facility upgrade to increase
2022 the Company signed a sale and purchase agreement water handling capacity to 900 kbwpd. The Abu Butabul
to sell its entire interest in Block 12W. The transaction was development plan consists of a re-fracturing program of
completed in April 2024. existing wells and drilling of infill development wells. Further
activity will open near field opportunities and exploration
potential within the block.
Block 9 Malik, Yemen
Block 48, Oman
The Company holds a 21.25% non-operated interest in
Block 9, which contains four producing oil fields. In 2023 all
fields were shut down due to the political situation, which As part of the Block 60 transaction, the Company also
prevented exports. acquired a 20% interest in exploration Block 48. Located
adjacent and to the west of Block 60, the Block 48 EPSA was
signed in March 2017. Currently the EPSA is in the second
Karim Small Fields, Oman
phase of the exploration period which was extended to the
end of 2025 with a commitment to acquire new 3D seismic
The Company holds an effective 58.5% operating interest survey. A contingent well is planned for this period dependent
in the Karim Small Fields Service Contract. MedcoEnergi is on results of the 3D seismic.
conducting an active program of infill drilling, workover and
thermal enhanced oil recovery to maintain production from 20
Blocks 10 & 12, Mexico
fields. In 2023, the Company drilled 31 wells (30 development
wells and 1 exploration well), conducted waterflooding in
several fields to improve recovery, completed 10 hydraulic The Company holds 20% non-operated interests in each of
fracturing jobs and continued to progress steamflood pilot the deepwater exploration blocks 10 and 12 located in the
projects. Oil production averaged 13 mbopd (7.6 mbopd net) Mexican Ridges and Sureste basins. The relinquishment
in 2023. In September 2023 Petroleum Development Oman process is ongoing for both and is expected to be completed
(PDO) granted an additional area of 126.1 km2 adjacent to in 2024.
the southern edge of existing area. The area contains four
discovered fields.
Area 47, Libya
Block 56, Oman
The Company holds a 50% operating interest in the
exploration site Area 47 and a 25% interest in the joint
The Company holds a 5% interest in onshore Block 56. An operating company Nafusah Oil Operations (NOO), which
extended well test on the Al Jumd discovery was conducted operates the development of the commercialized discoveries
in 2023. The exploration period was successfully extended in Area 47. The Company is in dispute with the Libya National
by one year to the end of 2024 following the commitment Oil Corporation and initiated arbitration proceedings early in
of an additional exploration well. This well was drilled by the 2022. These proceedings are ongoing.
operator in December 2023.
36 PT Medco Energi Internasional Tbk 2023 Annual Report
Page 39
EXPANDING OUR HORIZONS
Block 1 and 4, Tanzania contingent resources of 15 TCF (gross). Negotiations with
the Government of Tanzania have been ongoing since 2022
The Company holds 20% non-operated interests in to create a pathway for an investable and competitive LNG
each of blocks 1 and 4, offshore of Tanzania. The blocks project. Draft agreements were negotiated in 2023 and are
contain ten deepwater gas discoveries with certified (2C) now awaiting government endorsement.
Type of Area
Assets Expiry Participating Interests Status
Contract (Km2)
Bualuang B8/38 Royalty and 377 2025 • Medco Energi Thailand (Bualuang) Limited 60% Production
Block, Thailand tax • Medco Energi Thailand (E&P) Limited 40%
Sinphuhorm, EU1 and Royalty and 230 2031 • PTTEP (operator) 55% Production
E5N, Thailand* tax • APICO LLC 35%
• ExxonMobil 10%
MedcoEnergi owns 27.2% of the issued shares of APICO LLC
and a 9.5% indirect participating interest in Sinphuhorm.
Block 12W, PSC 1,395 2030 • Premier Oil Vietnam Offshore B.V. (operator) 28.125% Production
Vietnam*** • Premier Oil (Vietnam) Ltd. 25%
• PetroVietnam Exploration Production Corporation Ltd. 15%
• MedcoEnergi 31.875%
Block 9 Malik, Yemen PSA 4,728 2030 • Calvalley Petroleoum Ltd 42.5%, Production
• Hood Oil Ltd 21.25%
• YOGC 15%
• Medco Yemen Malik, Ltd. 21.25%
Karim Small Fields, Service 907 2040 • Medco Oman LLC (operator) 75% Production
Oman agreement • Oman Oil Company 25%
Medco Oman LLC shareholders:
• Medco International Enterprise Ltd. 78%
• Eng. Abdul Rahman Barham 10%
• Vision Oil & Gas 6.67%
• Petrovest General Trade 5.33%
Block 56, Oman EPSA 5,808 2024 • Medco Arabia Ltd. 5% Exploration
• Biyaq Oilfield Services LLC 25%
• Tethys Oil Oman Onshore Ltd. (operator) 65%
• Intaj LLC 5%
Block 10, Mexico PSC 1,999 2023 • Repsol (operator) 40% Exploration
• Petronas 40%
• MedcoEnergi 20%
Block 12, Mexico PSC 3,099 2023 • Petronas (operator) 60% Exploration
• PTTEP 20%
• MedcoEnergi 20%
Area 47, Libya EPSA IV 6,182 5-year Exploration stage participating interest: Exploration
exploration • Medco International Ventures Ltd. (operator) 50% and
period and • Libya Investment Authority 50% Development
25-year
production Development stage participating interest:
period following Nafusah Oil Operation (operator)
exploration • National Oil Corporation 50%
• MedcoEnergi 25%
• Libya Investment Authority 25%
Blocks 1 and 4, PSA 8,512 2024 • Shell (operator) 60% Exploration
Tanzania and • Pavilion Energy 20% and
3,784 • MedcoEnergi 20% Development
Block 60, Oman** EPSA 1,485 2048 • OQ Exploration & Production 60% (operator) Production
• Medco Daya Oman Block 60 Pte Ltd. 20%
• Medco Energi Oman Block 60 Pte Ltd. 20%
Block 48, Oman** EPSA 2,995 End of exploration • OQ Exploration & Production 60% (operator) Exploration
period by 2025 • Medco Daya Oman Block 48 Pte Ltd. 20%
15 year production
• Medco Energi Oman Block 48 Pte Ltd. 20%
+ 5 years extension
upon Declaration of
Commerciality
* Divested February 2023
** Acquired December 2023
** *Divested April 2024
2023 Annual Report PT Medco Energi Internasional Tbk 37
Page 40
2023 Management Discussion Business Company Sustainability Corporate Governance Attachment
Performance and Analysis Activities Profile
Block 60, Oman
Expanding Our Acquisition of
20% Interests in
Reach in Oman Blocks 60 and 48
After a successful 17-year presence Block 60 covers 1,485 km2 and is
in Oman, MedcoEnergi expanded its currently producing approximately
portfolio with the acquisition of two 63 mboepd from the Bisat oil and Abu
20% interests in onshore exploration Butabul gas and condensate fields.
and production sharing agreements This translates to an additional net
(EPSAs) from OQ Exploration & 12.6 mboepd production to MedcoEnergi.
Production LLC. The producing Block The asset has several advantages,
60 and the exploration Block 48 are including low-cost oil production with
located in western Oman near the Saudi favourable terms, profit split up to 35% for
Arabian border. Block 60 provides an oil and up to 40% for gas and all tax borne
immediate uplift in production and by the government. The EPSA expires
both blocks offer significant oil & gas in 2048 and the block has substantial
resource potential. undeveloped discovered gas resources.
38 PT Medco Energi Internasional Tbk 2023 Annual Report
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EXPANDING OUR HORIZONS
Block 60 63 1,485 20% Block 48 2,995 20%
EPSA Production mboepd km2 Participating EPSA Exploration km2 Participating
Interest Interest
Block 48, situated adjacent to and west of Block 60 and a wealth of experience as Oman’s third-largest producer and
covering 2,995 km2 holds significant potential for further a subsidiary of the state-owned energy group, OQ Group
oil and gas discoveries. The Block 48 EPSA is in the second SAOC.
phase of the exploration period and extends until the end of
2025, with a commitment to acquire a new 3D seismic. The acquisition is a significant milestone for MedcoEnergi.
It delivers immediate production uplift, unlocks future
Although non-operated, MedcoEnergi will be actively exploration potential, and expands the Company’s
involved by seconding experienced personnel – senior staff geographic footprint in a strategically important region.
and technical experts well-versed in gas development, The partnership with OQ Exploration & Production further
production, technology, and sustainability – to support the strengthens MedcoEnergi’s position, leveraging their
asset. Our new partner, OQ Exploration & Production, brings expertise and established presence in Oman.
2023 Annual Report PT Medco Energi Internasional Tbk 39
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2023 Management Discussion Business Company Sustainability Corporate Governance Attachment
Performance and Analysis Activities Profile
Power
Powering
Indonesia’s
Sustainable
Future.
Eka Satria
President Director
PT Medco Power Indonesia
40 PT Medco Energi Internasional Tbk 2023 Annual Report
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EXPANDING OUR HORIZONS
Medco Power Indonesia (Medco Power) owns and operates On 29 December 2023, Medco Power made the final
14 gas-fired, geothermal and other types of renewable investment decision for the East Bali Solar PV project, which
power plants across Indonesia, and provides Operation and will have an installed capacity of 25 MWp. Construction
Maintenance (O&M) services for both own and third-party commenced in early 2024 and is progressing ahead of
power plants. schedule, the plant is targeted to commence operations by
end-2024.
Safety First
At MedcoEnergi, safety and the environment management Geothermal development also witnessed significant progress
are paramount. Medco Power has achieved zero lost- in 2023. The company focused on advancing the 34 MW
time incidents since 2020 and accumulated 42 million phase one of the Ijen plant in East Java. Project financing
safe working hours as of end 2023. The Company actively was secured, contract awarded and five of the six phase-one
promotes safety awareness through ongoing campaigns, risk wells were successfully drilled. Construction remains ahead
assessments, training programs and continuous monitoring. of schedule, reaching 39% completion by the end of 2023
Medco Power encourages visible management commitment and over 60% in March 2024. This project will be in operation
and empowers all employees to be safety leaders. by early 2025.
In 2023, we received a Gold PROPER award for Tanjung Jati Additionally, the phase-one of the Long-Term Recovery Plan
B, a plant we operate for PLN, for the fifth consecutive year. at Sarulla geothermal was completed with the drilling of one
The Ministry of Manpower also acknowledged our safety new well with positive results for connection to the main plant
record by granting Medco Power three Zero Incident Awards, in 2024. Medco Power also signed a partnership agreement
one each for Tanjung Jati B, PT Medco Ratch Power Riau with Mitsui Oil Exploration Co. Ltd. for future geothermal
(MRPR), and PT Mitra Energi Batam (MEB). development in Sumatra.
Advancing Renewables and Geothermal Expanding Capacity and Exploring Clean
Projects in 2023 Energy Solutions
In 2023, Medco Power, along with consortium partners Medco Power advanced the ELB add-on project, utilizing
PacificLight Renewables Pte Ltd and Gallant Venture Ltd, waste heat for electricity generation with a new steam turbine
was awarded a conditional import license by the Energy generator. A PPA amendment signed with PLN Batam in Q3-
Market Authority of Singapore for 600 MW solar power, the 2023 converts the Tanjung Uncang plant from simple cycle
Bulan Project. to combined cycle, increasing capacity from 70 MW to 109
Solar PV, Sumbawa
2023 Annual Report PT Medco Energi Internasional Tbk 41
Page 44
2023 Management Discussion Business Company Sustainability Corporate Governance Attachment
Performance and Analysis Activities Profile
Power
MW. This project will significantly improve efficiency and is In 2023, the Company began discussions to sell REC from
targeted for operational by Q4-2025. the mini hydro operations. The second phase of carbon
commercialization will involve the sale of carbon credits.
Our commitment to clean energy development positions Medco Medco Power registered as a seller on the newly launched
Power as a key player in Indonesia’s transition towards net zero Indonesian carbon exchange, IDXCarbon.
emissions. In Q3-2023, the company was awarded a grant from
the United States Trade and Development Agency to conduct a Shaping a Sustainable Future through
feasibility study for wind power plant opportunity in Sumbawa. This Collaboration
study includes a detailed wind resource assessment, a preliminary Medco Power also signed agreements for joint studies on
geotechnical analysis, power plant and interconnection system various initiatives: implementing solar PV at MedcoEnergi
design, a grid integration study, a preliminary environmental and E&P assets, establishing a data center in Batam with
social impact assessment, a risk assessment, a cost and economic PT PLN Batam, applying advanced technology in geothermal
analysis, and an implementation plan. projects with GreenFire Energy, and developing green
hydrogen with ACWA Power. Additionally, a memorandum
Carbon Commercialization of understanding with PT Telkom was signed to explore
Medco Power is moving forward with Renewable Energy the provision of green power for their Batam data center,
Certificate (REC) and carbon credits commercialization. PT Telkom Data Ekosistem.
Power Generated Sales (GWh)
Plant Location Fuel-Type 2019 2020 2021 2022 2023
Gas-fired IPPs
Mitra Energi Batam Batam Gas 586 539 553 551 565
Dalle Energi Batam Batam Gas 500 625 629 634 579
Energi Listrik Batam Batam Gas 521 521 521 521 521
TM2500¹ Batam Gas 33 - - - -
Energi Prima Elektrika South Sumatra Gas 73 67 71 73 69
Multidaya Prima Elektrindo South Sumatra Gas 80 69 74 74 75
Singa IPP South Sumatra Gas 5 - - - -
Medco Ratch Power Riau Riau Gas - - - 1,285 1,544
Total Gas-fired IPPs 1,798 1,821 1,848 3,138 3,354
Renewable IPPs
Pusaka West Java Mini Hydro 30 39 41 42 38
Cibalapulang West Java Mini Hydro 24 34 38 33 21
Sumbawa Sumbawa Solar PV - - - 23 40
Sarulla North Sumatra Geothermal 748 744 791 757 702
Total Renewable IPPs 802 817 870 855 801
Total Power Generated Sales (GWh) 2,600 2,638 2,718 3,993 4,155
1)
TM2500 asset sold in 2023
42 PT Medco Energi Internasional Tbk 2023 Annual Report
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EXPANDING OUR HORIZONS
Power Capacity (MW)
Power Plant and O&M Effective Ownership Gross Capacity (MW)
Gas-fired IPPs
Mitra Energi Batam 42% 85
Dalle Energi Batam 48% 85
Energi Listrik Batam 43% 76
Energi Prima Elektrika 56% 12
Multidaya Prima Elektrindo 51% 12
Singa IPP 100% 7
Medco Ratch Power Riau 51% 275
Energi Listrik Batam - Combined Cycle 43% 39
Total Gas-fired IPPs 591
Renewable IPPs
Pusaka, Mini Hydro 100% 9
Cibalapulang, Mini Hydro 70% 9
Sumbawa, Solar PV* 50% 26
West Bali, Solar PV* 50% 25
East Bali, Solar PV* 50% 25
Sarulla, Geothermal 19% 330
Ijen, Geothermal 51% 110
Bonjol PSPE, Geothermal 100% 60
Total Renewable IPPs 594
Operation & Maintenance
Sarulla 330
Tanjung Jati B 1,320
Riau 275
Sulut 100
Timor 100
Total Operation & Maintenance 2,125
Total Gross Capacity 3,310
*Peak gross capacity of solar facilities
Combined-Cycle Power Plant, Riau
2023 Annual Report PT Medco Energi Internasional Tbk 43
Page 46
2023 Management Discussion Business Company Sustainability Corporate Governance Attachment
Performance and Analysis Activities Profile
Copper and
Gold Mining
Copper enables
the future.
AMNT delivers it
responsibly.
Rachmat Makkasau
President Director
PT Amman Mineral Nusa Tenggara
44 PT Medco Energi Internasional Tbk 2023 Annual Report
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EXPANDING OUR HORIZONS
PT Amman Mineral Nusa Tenggara (AMNT), a subsidiary and the second for a program to prevent childhood growth
of the listed company PT Amman Mineral Internasional stunting.
Tbk (AMMN), is a world-class copper and gold producer
operating the Batu Hijau mine in West Sumbawa Regency, AMNT was also awarded three Good Mining Practice
West Nusa Tenggara Province. Batu Hijau is an open-pit Awards from the Directorate General of Mineral and Coal, an
mine that began commercial operation in 2000. It produces Aditama Award for Environmental Protection Management
high-grade, extremely clean copper concentrate, which is a and Utama Awards for Mining Technical Management and
highly desirable feedstock for smelters around the globe and Standardization in the Mineral and Coal Services Sector.
also contains gold and silver. Wood Mackenzie, in its Copper
and Gold Markets and Asset Benchmarking Report of May In September 2023, AMNT signed a letter of commitment with The
2022, stated that Batu Hijau is the second-largest copper– Copper Mark, the first and only assurance framework for copper.
gold mine in Indonesia, and the combined mineral reserves The company committed to an assessment against 32 criteria for
at Batu Hijau and the Elang Deposit are together the world’s responsible production, designed to ensure good mining practices
fifth-largest copper–gold complex. are implemented in every aspect of the operations.
AMNT operates under an IUPK-OP, an operation production Elang Block
special mining business license, with a 25,000-ha concession AMNT continues to explore for copper and gold in the Batu
comprising four blocks. Currently the IUPK-OP is valid until Hijau license area. The primary focus is Elang, one of the
2030, but it can be extended for two 10-year periods. world’s largest undeveloped copper–gold porphyry deposits.
It is located about 60 km east of the Batu Hijau mine and
In 2023 AMNT produced 312 Mlbs of copper, 463 koz of gold 12 km north of the south coast of Sumbawa Island.
and 1,370 koz of silver from Phase 7 ore mining. Production
in 2023 was affected by unprecedented rainfall, nearly double In 2023, AMNT continued drilling, reaching a total of 20 km2
the historical yearly average from October 2022 to April 2023. (147 drillholes). The objectives were to increase confidence in
Therefore, AMNT could not access fresh ore from Phase 7 for and accuracy of the Elang geological model and to improve
seven months. Instead, operations were optimized by focusing the mineral resource classifications for ongoing feasibility
on waste removal at Phase 8, with production expected in studies and, subsequently, JORC reserves. To date, the
2025. However, AMNT managed to execute pit dewatering Elang geological database is based on 1,047 holes, with a
faster than expected and fresh Phase 7 ore was accessed in total of 254 km2 drilled.
July versus the initial forecast of September.
The drilling in 2023 also included holes to confirm barren
AMNT’s achievements were recognized by Indonesia’s ground beneath the planned location of the Elang waste
Ministry of Energy and Mineral Resources, which awarded dump, to obtain core samples for metallurgical test work
the company two Subroto Awards. These are the ministry’s for an epithermal gold deposit and exploratory scout holes
most prestigious awards and are given to stakeholders who in identified targets within AMNT’s exploration lease blocks.
have contributed significantly to advancing the energy and Additionally, geological mapping and induced polarization
mineral resources sector in Indonesia. AMNT won two 2023 geophysical surveys were performed to identify further
Subroto Awards, the first for a community nursery program possible scout drilling targets.
Benete Port, Sumbawa, West Nusa Tenggara
2023 Annual Report PT Medco Energi Internasional Tbk 45
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2023 Management Discussion Business Company Sustainability Corporate Governance Attachment
Performance and Analysis Activities Profile
Copper and
Gold Mining
Smelter and Precious Metals Refinery 100.7% of the scheduled target of 72.1%. This assessment is
According to the Coal and Mineral Law No. 3/2020, exports based on realized investment in physical construction and
of raw minerals are prohibited. Instead, mining companies are the purchase of items with long lead times (equipment and
required to build smelter facilities to increase the value of machinery), among others.
the mineral commodities. To comply with this requirement,
PT Amman Mineral Industri (AMIN), another subsidiary of Expansion Projects
PT Amman Mineral Internasional Tbk, is building a copper In addition to the Smelter Projects, AMNT has also started its
smelter on a 150-ha site located 1.5 km from Sumbawa’s Processing Plant Expansion Project. The concentrator plant
Benete Bay port. capacity will be expanded to approximately 80–90 million
tonnes of ore per annum from the current level of 35–40
The smelter development includes supporting infrastructure million tonnes per annum. The Processing Plant Expansion
(Smelter Projects): Project began in 2021 and construction is expected to be
• An air separation unit to supply the necessary oxygen completed in 2025. Under construction:
and nitrogen. • Two new grinding circuits each comprising one large
• A desalination and demineralization plant to supply semi-autogenous (SAG) mill, paired with one large ball
desalinated and demineralized water to AMIN. mill, similar to the existing mill configuration but with
• Sulfuric acid plants, sewage treatment plants, slag higher installed power and throughputs.
concentrators, gas cleaning plants and other supporting • Two double-deck vibrating pebble screens and a
facilities. secondary pebble-crushing area with four cone crushers.
• Precious metal refining facilities. • Two new sets of flotation cells, each set consisting of
three rougher cells followed by four scavenger cells.
The smelter has a design capacity of 900,000 tonnes per
annum of copper concentrate and will process material from Ore from Phase 8 and the Elang mine will be processed at
the Batu Hijau and Elang mines. It will produce 222,000 tonnes this new processing plant.
per annum of Grade A LME Copper cathodes (LME Copper as
traded on the London Metal Exchange) and 830,000 tonnes In parallel, AMNT has also started construction of a 450
per annum of sulfuric acid (at a concentration of 98.0%). The MW combined-cycle gas power plant and LNG storage and
precious metals refinery will produce 18 tonnes per annum of regasification terminal at Benete Bay. The Batu Hijau mine is
gold bullion (with a gold purity of 99.9%), 55 tonnes of silver currently supplied by a 112 MW coal-fired power plant and a
bullion (with a purity of 99.9% silver) and other by-products. 45 MW diesel power plant, as well as the new 26.5 MWp solar
PV plant. Construction of the combined-cycle gas power
An independent verification conducted in December 2023 plant began in the first quarter of 2023 and operation of the
found that AMIN had reached 76.1% completion of the copper new facilities will be conducted in stages, starting from 2024
smelter, which is 105.1% of the scheduled target of 72.4%. The until full completion in 2025. It will supply electricity for the
precious metals refinery facilities were at 72.7% completion, Smelter Projects and Processing Plant Expansion Project.
AMNT Processing Plant, Sumbawa, West Nusa Tenggara
46 PT Medco Energi Internasional Tbk 2023 Annual Report
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EXPANDING OUR HORIZONS
2023 Annual Report PT Medco Energi
Revegetation at Batu Internasional Tbk
Hijau, Sumbawa, 47
West Nusa Tenggara
Page 50
2023 Management Discussion Business Company Sustainability Corporate Governance Attachment
Performance and Analysis Activities Profile
Other
Businesses
Donggi-Senoro LNG, Central Sulawesi
PT Api Metra Graha PT Mitra Energi Gas Sumatera
The Company owns a 49% interest in PT Api Metra Graha PT Mitra Energi Gas Sumatera is a wholly owned subsidiary
(AMG). AMG holds several assets, including The Energy that owns and operates a 17.5 Km pipeline located in Gunung
Building, a 43-storey office tower located in Jakarta’s central Megang, Muara Enim, South Sumatra.
business district. Built in 2006 and in operation since 2008,
this premium grade A building is MedcoEnergi’s headquarters.
PT Exspan Petrogas Intranusa PT Satria Raksa Buminusa
PT Exspan Petrogas Intranusa is a wholly owned subsidiary, PT Satria Raksa Buminusa is a wholly owned subsidiary
which operates one drilling rig and three workover rigs, all in providing security services to MedcoEnergi and several
active operation. third-party companies in Indonesia.
48 PT Medco Energi Internasional Tbk 2023 Annual Report
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EXPANDING OUR HORIZONS
PT Donggi-Senoro LNG (DSLNG) Medco Foundation
The Company owns an 11.1% interest in DSLNG, a joint Medco Foundation, a nonprofit organization established
venture company established in 2007 by a consortium in 2007, is committed to improving the quality of life for
consisting of MedcoEnergi, Mitsubishi Corporation, KOGAS, communities both in areas surrounding our operations and in
and Pertamina. DSLNG has a capacity of 2.1 million tonnes other parts of the country where assistance is most needed.
per year. Some notable programs in 2023 include a public awareness
campaign about the danger of tuberculosis, a series of
Transasia Pipeline Pvt. Ltd initiatives to address COVID-19 to mitigate the spread of
The Company owns a 35% interest in Transasia, which owns the virus, the construction of homes for underprivileged
40% of PT Transportasi Gas Indonesia (TGI). TGI operates residents of Mauk, Tangerang-West Banten, and extensive
more than 1,000 Km of the gas pipeline (both onshore and support for education and capacity development within
offshore) connecting Grissik in the Corridor PSC to Duri, MedcoEnergi’s operational areas.
Sumatra, and the Singapore market.
2023 Annual Report PT Medco Energi Internasional Tbk 49
Page 52
Company
Profile
52 Company History 70 Share Performance
54 MedcoEnergi In Brief 71 Shareholder Composition
56 Management 73 Outstanding Securities
60 People and Organization 80 Corporate Data
68 Financial Highlights 81 Company Offices and
69 Operational Highlights Supporting Institutions
Forel Field, South Natuna Sea Block B
Page 53
04
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2023 Management Discussion Business Company Sustainability Corporate Governance Attachment
Performance and Analysis Activities Profile
Company
History
2016
1980 Expansion
2010 Acquired interests
Leading
the Way
1995 New Gas
in the South Natuna
Sea Block B PSC,
and The Amman
Arifin Panigoro First Expansion Production Mineral Nusa
established the first 20-year extensions Tenggara, a copper
Indonesian drilling Expanded through
international asset of the Block A PSC in and gold mining
contractor on 9 Aceh and the South company.
June 1980, PT Meta acquisitions and began
to operate the Rimau Sumatra PSC.
Epsi Pribumi Drilling
Company. PSC and the South
2018
Sumatra PSC.
1992 2013 Sustainable Growth
Paving the Ground 1996 Commissioned the gas
facilities of Block A,
Renewable Aceh. Issued a Global
PT Meta Epsi Pribumi
Drilling Company
Giant Energy Reporting Initiatives
became an E&P Discovery Signed the world’s
(GRI) compliant
Sustainability Report
company with operations Discovered the largest single-
and set 2018 – 2023
in East Kalimantan. giant fields of Kaji contract geothermal
Sustainability Goals.
and Semoga in the power project
Rimau Block. in Sarulla, North
Sumatra.
1994 2019
Going Public 2006 2015 A Leader in
PT Meta Epsi Pribumi
Going West Upstream- Southeast Asia
Drilling Company
became PT Medco Ventured into the Downstream LNG Acquisition of Ophir
Energi Corporation and Middle East with Operations Energy plc to become
conducted its IPO at service contract to a leading energy and
the Indonesia Stock operate the Karim Built the first Indonesian
natural resources
Exchange (IDX). Small Fields in Oman. LNG project separating
company in Southeast
upstream and
Asia.
downstream businesses,
located in Central
Sulawesi.
52 PT Medco Energi Internasional Tbk 2023 Annual Report
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EXPANDING OUR HORIZONS
2023
Expanding Our Horizons
In 2023, we continued our journey to
2020 strengthen our international position
and solidify our domestic leadership.
The Oman acquisition and the Corridor
Weathering the Storm PSC extension both provide a platform
Celebrated its 40th for further upside and greater value
anniversary, weathered the to shareholders. We expanded our
challenges posed by the energy transition commitments with
COVID-19 pandemic and the development of the Ijen geothermal
the collapsed of oil prices project and made good progress on our
and energy demand. Solar PV projects. The Amman Mineral
Internasional (AMMN-IDX) Initial Public
Offering was also extremely successful.
2021
Building Our Future
Granted extension to
manage Senoro-Toili PSC
and signed SPA to acquire
ConocoPhillips assets in
Sumatra (Corridor PSC).
2022
Reaching New
Heights
With the successful
acquisition of
Corridor, and
several projects
placed into service,
we have reached
a new and higher
production level.
We received
several higher
rating upgrades as
a testament to our
ESG commitment.
South Natuna Sea Block B, Riau Islands
2023 Annual Report PT Medco Energi Internasional Tbk 53
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2023 Management Discussion Business Company Sustainability Corporate Governance Attachment
Performance and Analysis Activities Profile
MedcoEnergi
in Brief
MedcoEnergi is a leading Southeast Asian energy and natural
resources company listed on the Indonesia Stock Exchange
(MEDC-IDX) and focused on three key business sectors: Oil &
Gas, Clean Power and Copper and Gold Mining. MedcoEnergi
produces Oil & Gas in Indonesia and internationally. The
Group operates gas, solar PV, geothermal and hydro power
plants in Indonesia through Medco Power Indonesia. It also
owns a 20.9% non-consolidated interest in Amman Mineral
Internasional (AMMN-IDX), an Indonesian copper and gold
company that debuted on the Indonesia Stock Exchange in
July 2023.
In December 2023, MedcoEnergi acquired a 20% interest in
Block 60, Oman
two Exploration and Production Sharing Agreements (EPSAs)
in Oman: Block 60, a producing field, and Block 48, still in
its exploration phase. These blocks are located onshore in change rating at B, at par with the average for the oil & gas
western Oman, near the border with Saudi Arabia. Block 60 extraction and production group sector.
covers 1,485 km2 and produces over 60 mboepd from the
Bisat oil and Abu Butabul gas fields. The EPSA will expire MedcoEnergi, through its wholly owned subsidiary Medco
in 2048. The adjacent Block 48 covers 2,995 km2 and has Power Indonesia, promotes cleaner energy via its operated
significant prospective oil & gas potential. The interests were gas, solar PV, geothermal and mini hydro power plants in
bought from OQ Exploration & Production LLC, Oman’s Indonesia. Medco Power Indonesia, which already operates
third-largest producer and a subsidiary of OQ Group SAOC, Indonesia’s largest ground-based solar PV project, is
the state-owned integrated energy group. OQ Exploration & developing two 25 MWp solar power plants in Bali and the
Production is the Operator of both blocks, while MedcoEnergi first geothermal power plant for East Java, located in Ijen. In
will support the development activities through secondment 2023, Medco Power Indonesia and its partners were awarded
of senior personnel. a conditional import license by the Energy Market Authority
of Singapore for 600 MW solar power, the Bulan Project.
Currently, MedcoEnergi has interests in 15 Oil & Gas properties
in Indonesia, 12 of which are producing. The Company Medco Power Indonesia owns and operates 14 IPPs, including
also has interests in 12 international Oil & Gas properties, three Operational and Maintenance, providing services to its
with those in Thailand, Oman and Yemen in production. It own and third-party power plants. Power sales were 4,155
has additional development assets in Libya and Tanzania GWh in 2023, 19% from renewable sources and 81% from gas-
and exploration assets in Oman. In 2023, the Company fired facilities.
continued the process of relinquishing two deepwater
exploration license in Mexico, Blocks 10 and 12. In Block 12W, In 2023, Amman Mineral Internasional (AMMN-IDX) listed on
Vietnam, the Company signed a Sale Purchase Agreement the Indonesia Stock Exchange, it is the year’s largest IPO in
in December 2022, with transaction closed in April 2024. Indonesia. The capital raised will support further expansion,
In 2023, MedcoEnergi average Oil & Gas production was including construction of a copper concentrate smelter
160 mboepd, comprising 80% gas and 20% liquids. Unit costs (capacity 900,000 tonnes per annum) and a combined
were US$8.3 per boe, within the Company’s long-term sub cycle power plant. The smelter will process ore from Batu
US$10 per boe commitment. Hijau and Elang, the latter being one of the world’s largest
undeveloped copper–gold porphyry deposits. Mining of
MedcoEnergi remains well-placed to benefit from economic high-grade ore from Batu Hijau Phase 7 continued in 2023,
growth and increasing demand for energy in Southeast Asia. and waste removal for Phase 8 progressed with production
In its 2021 Climate Change Strategy the Company committed expected in 2025.
to reach net zero greenhouse gas (GHG) emissions for
Scope 1 and Scope 2 by 2050 and Scope 3 by 2060. In In 2023, MedcoEnergi paid a final 2022 dividend of
2023, MedcoEnergi’s Sustainalytics score improved to 29.6 US$40 million and an interim 2023 dividend of
(medium risk) from 36.7 (high risk), while the Company’s US$25 million. The Company will finalize a second 2023
MSCI ESG rating was maintained at A and its CDP climate dividend at the AGMS in 2024.
54 PT Medco Energi Internasional Tbk 2023 Annual Report
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EXPANDING OUR HORIZONS
To be the Energy Company of Choice
for investors, shareholders, partners,
employees, and communities where
we operate.
VISION
MISSION
To build long-term value with a portfolio
of sustainable energy and natural
resources businesses.
CORPORATE VALUES
Professional Ethical Open Innovative
All employees must All employees must All employees must All employees must
conduct themselves in a conduct themselves in an make efforts to promote cultivate a spirit of
professional manner by: ethical manner by: transparency by: innovation by:
• Being competent in their • Conducting business • Encouraging informality • Building a culture of
area of expertise. fairly with high moral and openness in trailblazers.
• Having a “champion integrity. communication at all • Continuously searching
spirit”. • Applying the highest levels. for innovative solutions
• Always seeking self- ethical standards at all • Building an environment to achieve better, safer
improvement. times. of trust among and cost-effective
• Having professional • Understanding and employees and outcomes.
capabilities and knowing following the Company’s management. • Having intellectual and
their own limits. ethics and Good • Being open-minded in emotional maturity.
Corporate Governance thought, behavior, and
policies. work.
2023 Annual Report PT Medco Energi Internasional Tbk 55
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2023 Management Discussion Business Company Sustainability Corporate Governance Attachment
Performance and Analysis Activities Profile
Advisor
Alwi Shihab
Advisor
Former Minister of Foreign Affairs for the Republic of Indonesia (President
Abdurrahman Wahid), Coordinating Minister of People’s Welfare (President
Susilo Bambang Yudhoyono) and Indonesian President’s Special Envoy for the
Middle East for the OIC (President Joko Widodo), Shihab earned a Bachelor of
Arts degree and Master of Arts degree from the Al-Azhar University, Egypt in
1966 and 1968, respectively. He received a Doctor of Philosophy degree from the
University Ain Shams, Egypt in 1990, then received a Master of Arts degree from
Temple University, US in 1991, followed by a Doctor of Philosophy degree from
Temple University, US in 1995. Post Graduate Harvard University US in 1996. He
joined the Company as an advisor in March 2007 with the main role of providing
advice in penetrating the international oil & gas market.
56 PT Medco Energi Internasional Tbk 2023 Annual Report
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EXPANDING OUR HORIZONS
Board of Commissioners
Yaser R. A. Panigoro Yani Y. Panigoro Marsillam Simandjuntak
Commissioner President Commissioner Independent Commissioner
Yani Y. Panigoro Yaser R. A. Panigoro
President Commissioner Commissioner
Indonesian citizen, born in Bandung on 18 June 1951; a Indonesian citizen, born in Bandung on 22 July 1978;
Bachelor in Electrical Engineering from ITB, Indonesia Received Master of Business Administration from Loyola
(1975) and a Master in Management from Sekolah Tinggi Marymount University, USA, in 2012 and a Bachelor
Manajemen – Bandung, Indonesia (1997); appointed of Science in Information Technology from American
as President Commissioner on 12 October 2020; also Intercontinental University, USA, in 2002; previously
serves as member of the Nomination & Remuneration Deputy Managing Director of MedcoEnergi Mining
Committee, the Sustainability & Risk Management Indonesia (2019-2020), MedcoEnergi Mining Internasional
Committee and the GCG Committee, as Commissioner of Tbk (2007-2010) and Business Development Manager
PT Medco Duta and PT Medco Intidinamika, as a lecturer of MedcoEnergi (2003); appointed as Commissioner
at Universitas Indonesia and as Chairman of Board of by EGMS decision on 25 November 2015 and serves
Trustees Bandung Institute of Technology (Majelis Wali as a member of the Sustainability & Risk Management
Amanat ITB). Committee, the Nomination & Remuneration Committee,
and the GCG Committee. He also serves as Director
of PT APRAMESIS and PT Ravotri Prima Investama, as
Marsillam Simandjuntak
Commissioner of PT Medco Energi Internasional Tbk, PT
Independent Commissioner
Amman Mineral Industri, PT Medco Daya Abadi Lestari,
PT Multi Fabrindo Gemilang, PT Medco Intidinamika and
Indonesian citizen, born in Yogyakarta on 23 February PT Medco Agro.
1943; received a medical degree from Universitas
Indonesia (1971) and a law degree from Universitas
Indonesia (1989); previously a Co-chair of the Reform
Initiative Team on Tax and Customs of the Minister of
Finance (2006-2010), Head of the Presidential Working
Unit on Program Management and Reform (2006-2009)
and Secretary of Cabinet/Minister of Justice/Attorney
General of the Republic of Indonesia (2000-2001);
appointed as Independent Commissioner by EGMS
decision on 25 November 2015; also serves as Chairman
of the Audit Committee, Chairman of the Nomination
& Remuneration Committee, Chairman of the GCG
Committee and member of the Sustainability & Risk
Management Committee; has no affiliated relationships
with members of the Board of Directors and the Board of
Commissioners.
2023 Annual Report PT Medco Energi Internasional Tbk 57
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2023 Management Discussion Business Company Sustainability Corporate Governance Attachment
Performance and Analysis Activities Profile
Board of
Directors
Anthony R. Mathias Ronald Gunawan Hilmi Panigoro Roberto Lorato Amri Siahaan
Director & Chief Director & Chief President Director Director & Chief Director & Chief
Financial Officer Operating Officer Executive Officer Administrative Officer
58 PT Medco Energi Internasional Tbk 2023 Annual Report
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EXPANDING OUR HORIZONS
Hilmi Panigoro Ronald Gunawan
President Director Director & Chief Operating Officer
Indonesian citizen, born in Bandung on 4 April 1955; earned a Indonesian citizen, born in Papua Barat on 1 June 1964; received
degree in Geological Engineering from ITB, Indonesia (1981), a BSc degree from ITB, Indonesia and an MSc degree from the
enrolled in the MBA Core Program of the Thunderbird University, Texas A&M University, USA, both in Petroleum Engineering;
USA (1984) and received an MSc from the Colorado School of previously VP Operations & Development of Premier Oil
Mines, USA (1988); previously President Commissioner (2008- (2014-2015), President & General Manager of Hess Indonesia
2015), President Director (2001-2008) and Director (1998- (2012-2014), held various management positions in operations
2001) of MedcoEnergi; appointed as President Director by and projects with Eni Australia and Eni E&P (2007-2012) and
EGMS decision on 25 November 2015; also serves as member VP Assets of VICO Indonesia (2002-2006), President IPA
of the Sustainability & Risk Management Committee, as well (2018), Vice President IPA (2019-2023), Board member of IPA
as Director and Commissioner of several companies within (2015 – now); with more than 36 years’ experience in the Oil
the MedcoEnergi group of companies. Hilmi has 43 years of & Gas industry, Ronald was appointed as Director & COO on
experience in the Oil & Gas industry. 25 November 2015 and has no affiliated relationships with
members of the Board of Commissioners and the Board of
Directors.
Roberto Lorato Amri Siahaan
Director & Chief Executive Officer Director & Chief Administrative Officer
Italian national, born in Italy on 10 April 1958; received a degree Indonesian citizen, born in Belitung on 5 June 1965; holds a
in Mechanical Engineering from the University of Padua, Italy Mechanical Engineering degree from ITB, Indonesia (1989) and
(1987), a degree in Energy Economics from Scuola Superiore an MBA degree from the University of Leicester, UK (2003).
Enrico Mattei, Italy (1988) and a Master’s degree from the Previously as General Manager Medco E&P Natuna (2016-
London Business School, UK (1994). Previously President 2018), VP Government Affairs & Business Support of Premier
Director of Premier Oil Indonesia (2010-2015), Managing Oil Indonesia (2011-2015), GM Operations/Site Manager of
Director of ENI Indonesia (2006-2009), President & CEO of Tangguh LNG, BP Indonesia (2009-2011), Executive Assistant to
VICO (2003-2006) and Managing Director of Agip, UK (2001- the COO of Atlantic LNG Trinidad & Tobago (2007-2008), VP
2002). An active member of the IPA Board of Directors (2006- Semberah Asset VICO Indonesia (2004-2006), VP SCM of VICO
2015) was elected President of the association for 2008 and Indonesia (2001-2004) and Audit & Internal Control Manager
2009. With more than 35 years’ experience in the Oil & Gas of BP Indonesia (2001). With more than 20 years’ experience
industry, Roberto was appointed Director & Chief Executive in the Oil & Gas industry, Amri was appointed as Director and
Officer by Extraordinary General Meeting of Shareholders on Chief Administrative Officer on 25 November 2015; He has also
25 November 2015; also serves as a member of the Sustainability undertaken a Competent Boards qualification in Climate Change
& Risk Management Committee; has no affiliated relationships and also serve as member of the Good Corporate Governance
with members of the Board of Commissioners and the Board of committee; has no affiliated relationships with members of the
Directors. Board of Commissioners and the Board of Directors.
Anthony R. Mathias
Director & Chief Financial Officer
British national, born in Wales on 6 November 1966; He was
the Vice President of Finance and Information Technology in
Premier Oil from 2012 - 2015, he previously held positions with
ConocoPhillips 2006 - 2012 and Mobil Oil. He began his career
with GEC Marconi in 1988 before joining Price Waterhouse in
1990. He is a Fellow of the Institute of Chartered Accountants
in England and Wales, a member of the UK Institute of Directors
and received an MBA from the Manchester Business School
and a Bachelor’s degree in Electrical Engineering from Bradford
University in the United Kingdom. With 30 years’ experience
in the Oil & Gas industry, Anthony was appointed Director &
Chief Financial Officer by Extraordinary General Meeting of
Shareholders on 25 November 2015; He has taken a Competent
Boards qualification in Climate Change and is undertaking a
course in Sustainability, Environment, Economy & Society from
the London School of Economics. He is a member of both the
Good Corporate Governance Committee and Sustainability &
Risk Management Committee; has no affiliated relationships
with members of the Board of Commissioners and the Board of
Directors.
2023 Annual Report PT Medco Energi Internasional Tbk 59
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2023 Management Discussion Business Company Sustainability Corporate Governance Attachment
Performance and Analysis Activities Profile
People and
Organization
Amri Siahaan
Director & Chief
Administrative Officer
60 PT Medco Energi Internasional Tbk 2023 Annual Report
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EXPANDING OUR HORIZONS
Our diverse Expanding our horizons at MedcoEnergi It also highlights our commitment to
goes beyond acquisitions, milestones, welcoming new colleagues seamlessly
MedcoEnergi family and innovations. It’s about the into the wider MedcoEnergi family,
is our strength, dedicated individuals who drive our as demonstrated by the decision of
day-to-day operations, fueling our the entire senior leadership team at
uniting talent, growth and propelling us towards new Corridor to stay on board.
skills and cultures, opportunities. Our recent journey,
marked by investments, expansions, Further fostering collaboration and
propelling us has brought us a diverse and talented knowledge sharing, the Corridor team
towards success. workforce, enriching the MedcoEnergi relocated to The Energy Building in
family with new perspectives, skills, and May 2023, resulting in a 24% reduction
cultures. This diversity is a powerful in office space. This move also aligns
strength that allows us to broaden our with our strategic focus on enhancing
horizons, think outside the box, and collaboration which also supports
embrace new opportunities. employee rotation across the business,
allowing individuals to develop their
Openness and Team Spirit capabilities by gaining exposure to
One most significant achievement in different areas and functions.
2023, from a human capital perspective,
was the integration of Corridor Building a Strong and
operations. Following the acquisition, the Engaged Workforce
Corridor team’s remarkable openness In 2023, we conducted a comprehensive
and collaboration were instrumental in Employee Engagement Survey. We
establishing the Accelerated Corridor were delighted with the high response
Development (ACD) initiative, which rate of 92% and the positive overall
in turn laid a strong foundation for engagement score of 76, exceeding our
securing a successful PSC extension for target. This survey, in collaboration with
Corridor Block. This successful outcome Mercer, posed meaningful questions to
exemplifies the team spirit that is gain valuable insight into employees
integral to the MedcoEnergi identity. sentiment.
Wortel Platform, Sampang, East Java
2023 Annual Report PT Medco Energi Internasional Tbk 61
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2023 Management Discussion Business Company Sustainability Corporate Governance Attachment
Performance and Analysis Activities Profile
People and
Organization
The results revealed a positive and supportive work To accelerate our journey towards net zero emissions,
environment at MedcoEnergi, with employees expressing we actively partnered with the Indonesian Chamber of
confidence in the company’s direction and objectives. Commerce and Industry’s (KADIN) Net Zero Hub initiative.
They also appreciated the strong culture of collaboration This collaboration strengthens the network between
and teamwork and the company’s dedication to innovation. Indonesian companies and the global net-zero movement,
Additionally, employees highlighted their positive and providing valuable guidance on their path to decarbonization.
supportive relationships with their immediate managers. We’re also exploring potential partnerships with various
national and international institutions to further amplify this
We are deeply grateful for our colleagues’ considered critical agenda.
responses to the survey. These, along with additional insights
gleaned from focus group discussions, will be used to By equipping our employees with the knowledge and skills
develop a comprehensive action plan for improvement. Our needed to navigate the evolving energy landscape, we are
commitment to continuous improvement is reflected in four not only fulfilling our responsibility towards the environment
key initiatives: but also strategically positioning ourselves for the future. This
comprehensive training program empowers our workforce to
1. Continued promotion of Medco Leadership actively contribute to sustainable energy solutions, ensuring
Behaviors: These behaviors, rooted in the company’s MedcoEnergi remains at the forefront of responsible and
core values of professionalism, ethics, openness, and environmentally conscious operations.
innovation, serve as guiding principles for all employees.
2. Development of idea-sharing tools: We are actively Fostering a Diverse and Inclusive Future
creating tools to empower employees to share their MedcoEnergi is committed to promoting diversity, inclusion
ideas and contribute to streamlining processes and and equal opportunities for all our employees. And we
improving efficiency. are very pleased to see that the female representation is
3. Competitive compensation: We are committed to increasing across our organization, including at management
maintaining a competitive compensation package level. Additionally, our robust succession planning is ensuring
through consistent market reviews, ensuring our a smooth transition for leadership roles. This forward-thinking
employees are fairly rewarded for their contributions. approach is reflected in our workforce demographics, with
4. Enhanced career development communication: a growing number of young professionals, as experienced
Improved communication strategies will ensure individuals reach retirement age*. This influx of fresh talent
employees have clear and accessible information on will ensure a dynamic and innovative workforce to lead us into
career development opportunities within the company. the future.
By actively listening to our employees, taking their feedback, Enriching our Workforce through
and implementing actionable improvements, we are fostering Acquisition and Development
a stronger and more engaged workforce, poised to drive Our 2023 acquisition in Oman further diversified the
MedcoEnergi’s continued success. MedcoEnergi family. To support these new assets, the
company plans to mobilize a number of senior management
Investing in the Future: Sustainability and and technical experts, ensuring strong technical collaboration
Talent Development in developing the assets. The vacancies created in our
2023 witnessed significant progress on MedcoEnergi’s organization will be filled through our talent mobilization
climate change agenda. Aligning with our established and rotation system, fostering a dynamic and development-
strategy, we actively fostered employee learning in oriented work environment.
sustainability and the energy transition. This year, we
successfully trained 99% of targeted employees (201 out Investing in the Next Generation of
of 204), encompassing senior management, international Leaders
and Indonesian assets, and dedicated working groups. The We continued to enhance our succession planning process
training covered key sustainability concepts, frameworks, and in 2023, establishing a formal coaching system for high-
technical skills relevant to climate change and the energy potential individuals identified by our Talent Development
transition. This included topics such as carbon capture Committees. This program targets individuals with leadership
and storage, corporate sustainability and climate change potential at the corporate level and within the energy sector.
strategies, energy conservation and optimization. By providing strategic and systematic support and guidance,
we aim to accelerate their growth and development,
* In the last three years (2021-2023), the number of managers below 45 years old (Section Head above in all MedcoEnergi entities) increased by 14%.
62 PT Medco Energi Internasional Tbk 2023 Annual Report
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EXPANDING OUR HORIZONS
equipping them to become future leaders. Notably, 36% Building Capabilities through Continuous
of the participants in this program in 2023 were women, Learning
reflecting our commitment to diversity and inclusion at all Our commitment to employee development extends beyond
levels. leadership grooming. We continued conducting development
programs like the Project Management Academy and the
We further strengthen leadership capabilities across Subsurface Academy, alongside Operations Competency
all positions through our ongoing programs. We Assessments. Additionally, we provided selected workers at
recently concluded the second iteration of the Medco Solar PV Sumbawa and Sarulla Geothermal with scholarships
Senior Leadership Development Program (MSLDP), a to pursue bachelor’s and master’s degrees, further
comprehensive 44-week program developed in collaboration empowering them to contribute to the company’s success.
with Harvard Business Publishing. This program equipped
approximately 35 high-potential leaders with the skills and Building Strong Digital Information
knowledge necessary to excel in senior leadership roles. Technology Foundations
In 2022, we developed our digital information technology
Additionally, our Leadership Essential Development Program strategy under the four pillars outlined in the 2022 annual
(LEAD) provides ongoing development opportunities. report: strengthening our digital foundation, establishing a
This year, we successfully delivered 13 Strengthening new digital operating model, driving digital transformation
Critical Thinking training sessions, with participation from across our business, and strengthening our cybersecurity.
267 leaders at various levels, from Lead/Supervisor/
Manager to Senior Manager and VP/SVP. These sessions 2023 witnessed the early implementation of this strategy,
focused on internalizing Medco’s Leadership Behaviors, with a focus on building a robust digital foundation that
ensuring a strong foundation for effective leadership across empowers us to navigate future challenges with agility
the company. and resilience. This foundation will support further process
2023 Annual Report PT Medco Energi Internasional Tbk 63
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2023 Management Discussion Business Company Sustainability Corporate Governance Attachment
Performance and Analysis Activities Profile
People and
Organization
automation and digital transformation initiatives, ultimately A key factor in this success is the establishment of our
enhancing our efficiency, effectiveness, and overall agility. Grand Plan Alignment. This initiative ensures harmonious
With a solid foundation in place, 2024 will be pivotal as we policies and procedures, encompassing Collective Labour
move into the heart of the implementation stage. Agreements (CLA) inherited from various entities during
our growth journey. By creating a unified framework, we’ve
The Four Pillars of Our Digital Strategy: fostered a more cohesive and collaborative work environment
1. Strengthening our digital foundation: This for all employees.
entails optimizing and deploying our application and
infrastructure platform to support seamless business In 2023, we successfully concluded three CLA renewals.
processes. These agreements were concluded through a smooth and
2. Establishing a new digital operating model: This positive process, solidifying our commitment to fair and
involves ensuring our structure, processes, and transparent labor practices. This collaborative approach
governance enable strategic and agile decision-making strengthens our partnerships with our employees, laying the
in the digital age. foundation for mutual success.
3. Driving digital transformation across the
business: This includes strategically deploying digital Expanding Our Horizons
technologies aligned with the company’s goals and As we look towards 2024, building upon the valuable feedback
equipping our workforce with the necessary data and received from the 2023 Employee Engagement Survey
analytics skills. remains a top priority. We are committed to implementing the
4. Strengthening our cybersecurity: This pillar focuses actionable insights gleaned from this survey, demonstrating
on protecting the company from increasingly complex our dedication to continuous improvement and employee
cyber threats through robust measures and ongoing engagement.
vigilance.
Furthermore, we plan to deepen our program of rotations
to maximize the potential of our diverse workforce. By
Sustainable Procurement strategically mixing people, talent, and cultures, we aim
At MedcoEnergi, we prioritize sustainable procurement to unlock synergy, foster innovation, and ensure that both
practices as part of our commitment to environmental MedcoEnergi and its employees continuously benefit from
stewardship and social responsibility. Our supply chain our rich tapestry of skills and perspectives.
management team not only focuses on sourcing ethically and
responsibly but also actively supports vendors in Indonesia, In the realm of digital transformation, we will continue to
Oman and Thailand to improve their capabilities, preparing drive the effective implementation of our digital strategy.
them for future challenges. This includes ensuring our people possess the necessary
skills and competencies to confidently utilize our systems
Through the ONE Medco Program, we have implemented and unlock the full potential of digital tools.
standardized processes, systems, tools, procedures and
performance appraisals for contractors and service providers We are confident that our existing foundations, tools, and
involved in high and medium risk contracts. This ensures robust succession plan will effectively support both our
that our procurement activities align with our values of ongoing operations and future acquisitions. By leveraging
sustainability and care for the communities and environments these resources effectively, MedcoEnergi will continue to
in which we operate. position itself as an agile, flexible, and efficient organization
well-equipped to navigate the dynamic future ahead.
Harmony in Industrial Relations We recognize that enhancing business processes, cost
I am pleased to report that despite significant growth and efficiency, and overall effectiveness are fundamental drivers
numerous integrations over the past few years, including of sustainable business success. All these ongoing efforts
a doubling of our direct employee base since 2016, will further strengthen our capabilities in “Expanding our
MedcoEnergi has maintained positive and collaborative Horizons,” propelling us towards achieving our long-term
industrial relations. strategic goals.
64 PT Medco Energi Internasional Tbk 2023 Annual Report
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EXPANDING OUR HORIZONS
People and
Organization
Human Resources Highlights
Demography
2019 2020 2021 2022 2023
by Location
Corporate 106 102 102 103 116
Oil & Gas 1,909 1,857 2,270 2,216 2,188
Power 797 784 783 807 901
Other Business 874 935 2,234 1,257 1,636
Total Domestic 3,686 3,678 5,389 4,383 4,841
Oman 191 185 183 189 195
Thailand 97 83 86 83 87
Singapore 13 16 16 17 19
Libya 46 14 7 7 7
Tanzania 5 3 3 3 3
Malaysia 5 6 5 2 -
London 14 - - - -
Myanmar 1 - - - -
Total International 372 307 300 301 311
4,058 3,985 5,689 4,684 5,152
2019 2020 2021 2022 2023
Demography
(Gender) Proportion
Number of
Proportion
Number of
Proportion
Number of
Proportion
Number of
Proportion
Number of
Employees Employees Employees Employees Employees
Male 86% 3,505 87% 3,448 89% 5,035 86% 4,035 87% 4,484
Female 14% 553 13% 537 11% 654 14% 649 13% 668
100% 4,058 100% 3,985 100% 5,689 100% 4,684 100% 5,152
2019 2020 2021 2022 2023
Demography
(Age Group) Proportion
Number of
Proportion
Number of
Proportion
Number of
Proportion
Number of
Proportion
Number of
Employees Employees Employees Employees Employees
>50 13% 548 14% 553 14% 801 15% 708 15% 779
>40 - 50 36% 1,463 39% 1,532 34% 1,905 39% 1,824 40% 2,057
>30 - 40 38% 1,539 36% 1,447 35% 1,994 35% 1,614 32% 1,647
>19 - 30 13% 508 11% 453 17% 989 12% 538 13% 669
100% 4,058 100% 3,985 100% 5,689 100% 4,684 100% 5,152
2023 Annual Report PT Medco Energi Internasional Tbk 65
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2023 Management Discussion Business Company Sustainability Corporate Governance Attachment
Performance and Analysis Activities Profile
People and
Organization
2019 2020 2021 2022 2023
Demography
(Education Number of Number of Number of Number of Number of
Level) Proportion Proportion Proportion Proportion Proportion
Employees Employees Employees Employees Employees
Bachelor & Above 51% 2,075 53% 2,100 44% 2,532 54% 2,505 50% 2,569
Diploma 15% 587 12% 497 10% 541 12% 557 12% 602
High School & 34% 1,396 35% 1,388 46% 2,616 35% 1,622 38% 1,981
Non-Degree
100% 4,058 100% 3,985 100% 5,689 100% 4,684 100% 5,152
2019 2020 2021 2022 2023
Years of Service
(Years) Proportion
Number of
Proportion
Number of
Proportion
Number of
Proportion
Number of
Proportion
Number of
Employees Employees Employees Employees Employees
0-10 65% 2,655 61% 2,452 63% 3,612 58% 2,729 60% 3,104
>10-20 30% 1,218 34% 1,345 31% 1,762 36% 1,680 34% 1,724
>20-30 4% 160 4% 171 5% 268 6% 257 6% 291
>30 1% 25 1% 17 1% 47 0.4% 18 0.6% 33
100% 4,058 100% 3,985 100% 5,689 100% 4,684 100% 5,152
Training 2019 2020 2021 2022 2023
Training Courses 3,710 577 659 1,131 1,058
Mancourse 3,710 6,893 5,826 8,226 9,380
Training Hours 71,625 63,389 60,302 78,841 77,900
Training Investment (USD) 3,500,000 2,358,000 1,963,099 3,782,500 3,976,000
Female in Managerial Positions 2021 2022 2023
Total Managers* 235 311 322
Total Female Managers** 40 62 63
% Women in leadership role 17% 20% 20%
*Assumptions: Total population of Male & Female at Level Managers and above. Scope: Corporate Office, E&P Domestic
**Assumptions: Female population at Level Managers and above. Scope: Corporate Office, E&P Domestic
66 PT Medco Energi Internasional Tbk 2023 Annual Report
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EXPANDING OUR HORIZONS
2023 Annual Report PT Medco EnergiThe Energy Building,
Internasional 67
Tbk Jakarta, Indonesia
Page 70
2023 Management Discussion Business Company Sustainability Corporate Governance Attachment
Performance and Analysis Activities Profile
Financial
Highlights
Description 2019 2020 2021 2022 2023
Income Statement (US$ Million)
Sales and other operating revenues 1,381.1 1,099.9 1,252.1 2,312.2 2,249.3
Gross profit 541.2 314.2 550.6 1,246.1 1,033.7
Selling, general, and administrative expenses (222.8) (156.7) (161.4) (219.9) (241.4)
Operating profit 318.4 157.5 389.2 1,026.2 792.3
Other operating income (expense)-net (172.9) (269.2) (119.9) 19.9 (64.4)
Profit (loss) before income tax expense from continuing operations 145.5 (111.7) 269.4 1,046.1 727.9
Income tax expense (195.4) (72.4) (222.8) (508.0) (339.7)
Profit (loss) for the year attributable to owners of the parent (43.3) (192.8) 47.0 530.9 330.7
Profit (loss) for the year attributable to non-controlling interest 13.8 11.7 15.6 20.5 15.1
Total profit (loss) for the year (29.5) (181.2) 62.6 551.4 345.8
EBITDA 620.4 494.5 667.3 1,593.1 1,255.2
Total comprehensive income (loss) attributable to owners of the parent (40.9) (229.0) 69.4 541.3 330.4
Total comprehensive income (loss) attributable to non-controlling interest (0.7) 1.3 15.4 47.3 16.5
Total comprehensive income (loss) for the year (41.6) (227.6) 84.8 588.5 346.8
Profit (loss) attributable to the equity holders of the parent company (43.3) (192.8) 47.0 530.9 330.7
Earnings Per Share (0.00215) (0.00844) 0.00250 0.02123 0.01321
Balance Sheet (US$ Million)
Cash and cash equivalents 457.0 297.5 481.0 600.0 353.9
Restricted Cash 138.6 149.1 451.9 137.2 70.9
Current Assets 1,551.4 1,877.2 1,701.6 1,751.4 1,546.6
Long-term Investment 908.9 831.7 1,075.4 1,410.9 1,653.0
Total Assets 5,983.3 5,882.7 5,683.9 6,931.9 7,468.3
Current Liabilities 699.9 1,367.8 1,006.2 1,379.3 1,422.1
Non-current Liabilities 3,952.8 3,319.6 3,448.4 3,805.1 4,018.7
Total Liabilities 4,652.7 4,687.4 4,454.5 5,184.4 5,440.7
Total Equity attributable to the equity holders of the parent Company 1,170.8 1,007.4 1,072.7 1,557.3 1,828.5
Financial Ratios
Return on Assets (%) (1%) (3%) 1% 8% 4%
Return on Equity (%) (4%) (19%) 4% 34% 18%
Net Profit (loss) margin (%) (3%) (18%) 4% 23% 15%
Current Ratio 2.22 1.37 1.69 1.27 1.09
Current Liabilities to total assets ratio 0.12 0.23 0.18 0.20 0.19
Long-term Liabilities to Total Assets Ratio 0.66 0.56 0.61 0.55 0.54
Total liabilities to Equity Ratio 3.50 3.92 3.62 2.97 2.68
Debt to Equity Ratio 2.40 2.28 2.43 1.80 1.63
Net Debt to Equity Ratio 1.95 1.91 1.67 1.38 1.42
68 PT Medco Energi Internasional Tbk 2023 Annual Report
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EXPANDING OUR HORIZONS
Operational
Highlights
Description 2019 2020 2021 2022 2023
Reserves1
Proved Oil Reserves-1P (mmbo) 91.5 87.9 89.2 92.2 119.3
Proved Gas Reserves-1P (bcf) 726.1 759.3 1,000.8 1,396.5 1,409.1
Total Proved Reserves-1P (mmboe) 225.9 228.5 278.3 352.6 380.7
Proved and Probable Oil Reserves-2P (mmboe) 144.9 146.6 147.6 145.7 184.2
Proved and Probable Gas Reserves-2P (bcf) 847.4 887.4 1,279.5 1,803.7 1,914.2
Total Proved and Probable-2P (mmboe) 300.9 310.4 389.2 481.3 538.8
Contingent Resources (mmboe) 943.0 1,125.4 995.7 1,040.3 1,041.0
Lifting & gross sales2
Oil (mbopd) 31.4 31.9 26.4 25.2 23.2
Gas (bbtud) 323.7 302.2 299.8 667.1 621.1
Oil & Gas Production (mboepd) 3
95.6 93.0 86.9 155.2 152.1
Service Contract in Oman (mbopd) 7.2 7.4 7.2 7.4 7.6
Average Oil Price (US$/bbl) 62.5 40.3 68.0 96.2 77.9
Average Gas Price (US$ per mmbtu) 6.7 5.2 6.5 8.2 7.0
Power
Generated Power Sales (GWh) 2,600 2,639 2,719 3,993 4.155
Copper and Gold Mining
Copper Production (Mlbs) 130.3 293.9 233.7 463.9 312.0
Gold Production (Koz) 55.5 132.1 156.4 730.7 463.5
Average realized copper price (US$ per lbs) 2.5 2.9 4.2 3.6 3.8
Average realized gold price (US$ per oz) 1,342 1,794 1,799 1,737 1,947.7
Notes:
1)
The Company’s participating interest in reserves including Government share.
2)
The Company’s participating interest in oil lifted and gas sold including Government share.
3)
Excluding Oman service contract.
2023 Annual Report PT Medco Energi Internasional Tbk 69
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2023 Management Discussion Business Company Sustainability Corporate Governance Attachment
Performance and Analysis Activities Profile
Share
Performance
Number of Shares Outstanding
Years Q1 Q2 Q3 Q4
2023 25,136,231,252 25,136,231,252 25,136,231,252 25,136,231,252
2022 25,136,231,252 25,136,231,252 25,136,231,252 25,136,231,252
2021 25,136,231,252 25,136,231,252 25,136,231,252 25,136,231,252
2020 17,920,454,106 17,920,454,272 25,062,414,682 25,136,231,252
2019 17,839,338,081 17,839,350,245 17,844,051,544 17,916,081,914
2018 17,728,923,467 17,728,923,467 17,794,313,493 17,829,347,601
Stock Price – IDR per share
Q1 Q2 Q3 Q4
Years
High Low Close High Low Close High Low Close High Low Close
2023 1,430 855 1,010 1,115 840 890 1,705 880 1,610 1,600 980 1,155
2022 570 545 555 660 630 635 925 865 915 1,030 1,010 1,015
2021 590 555 570 650 635 640 560 530 550 478 464 466
2020 339 322 327 393 383 383 358 336 338 630 590 590
2019 1,025 720 890 910 745 810 875 720 690 950 630 865
2018 1,575 890 1,210 1,300 965 965 1,075 745 1,000 1,025 620 685
Market Capitalization (IDR billion)
Years Q1 Q2 Q3 Q4
2023 25,513 22,371 40,469 29,032
2022 13,951 15,962 23,000 25,513
2021 14,328 16,087 13,825 11,713
2020 6,917 8,100 8,471 14,830
2019 15,877 14,450 12,312 15,497
2018 21,452 17,108 17,794 12,213
Shares Trading Volume
Years Q1 Q2 Q3 Q4
2023 4,716,983,885 3,725,812,343 8,449,413,660 8,185,177,754
2022 6,007,759,384 5,253,136,126 8,894,128,300 4,035,586,131
2021 6,681,771,328 3,209,133,708 4,731,090,404 3,444,119,092
2020 3,686,528,675 4,975,106,870 8,255,507,540 8,940,846,664
2019 2,514,532,104 994,398,900 1,254,670,304 2,441,557,976
2018 4,362,092,320 1,865,615,204 2,473,777,688 2,101,325,604
70 PT Medco Energi Internasional Tbk 2023 Annual Report
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EXPANDING OUR HORIZONS
Shareholding
Composition
Historical Listings
Corporate Action Date Ratio Number of Outstanding Shares Par Value
Series I Warrants 31 December 2020 1:1 25,136,231,252 25
Rights Issue 14 September 2020 5:2 25,062,414,682 25
Rights Issue 14 December 2017 3:1 17,728,923,467 25
Stock Split 14 September 2017 4:1 13,329,805,800 25
Stock Split 2 June 2000 1:5 3,332,451,450 100
Rights Issue 2 December 1999 10:11 666,490,290 500
Stock Split 18 August 1998 1:2 344,760,000 500
Bonus Shares 18 July 1996 10:7 172,380,000 1,000
IPO 12 October 1994 - 101,400,000 1,000
Shareholder List – More than 5% Ownership as of 31 December 2023
Shareholders Shares Percentage
PT Medco Daya Abadi Lestari 12,944,140,124 51.50%
Diamond Bridge Pte Ltd. 5,395,205,771 21.46%
18,339,345,895 72.96%
Public Shareholder List – Below 5% Ownership as of 31 December 2023
Shareholder Category Number Shareholders Shares Percentage
Foreign Institutions 237 2,198,260,691 8.75%
Individuals 34,591 2,024,479,533 8.05%
Mutual Funds 151 796,118,857 3.17%
Local Institutions 160 1,042,711,059 4.15%
Insurance Funds 107 563,943,094 2.24%
Pension Funds 56 153,586,166 0.61%
Foundations 13 16,635,857 0.07%
Cooperatives 3 1,150,100 0.00%
35,318 6,796,885,357 27.04%
2023 Annual Report PT Medco Energi Internasional Tbk 71
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2023 Management Discussion Business Company Sustainability Corporate Governance Attachment
Performance and Analysis Activities Profile
Shareholder
Composition
Members of the Board of Commissioners and members of the Board of Directors who own shares of the Company
as of 31 December 2023
Shares Percentage
Commissioner
1. Yani Yuhani Panigoro (Commissioner) 10,019,206 0.04%
2. Yaser Raimi A. Panigoro (Commissioner) 1,569,613 0.01%
Directors
1. Hilmi Panigoro (President Director) 28,339,463 0.11%
2. Roberto Lorato (CEO) 143,724,260 0.57%
3. Anthony R. Mathias (CFO) 46,722,472 0.19%
4. Ronald Gunawan (COO) 60,976,162 0.24%
5. Amri Siahaan (CAO) 42,935,509 0.17%
MedcoEnergi share performance in the IDX
72 PT Medco Energi Internasional Tbk 2023 Annual Report
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EXPANDING OUR HORIZONS
Outstanding
Securities
IDR Bonds
Currency: IDR
Indonesia Stock Exchange
2019 2020 2021 2022 2023
Shelf Registered Public Offering Rupiah Bond II Phase III Year 2016 Tranche C with Interest Rate of 11.8% due on 21 December 2023
Bond rating A+ (Pefindo) A+ (Pefindo) A+ (Pefindo) AA-(Pefindo)
Total 23,000,000,000 23,000,000,000 23,000,000,000 23,000,000,000
Unamortized discounts (66,064,278) (55,087,652) (39,281,609) (17,439,630) REPAID
Total Outstanding 22,933,935,722 22,944,912,348 22,960,718,391 22,982,560,370
Total Interest expense 2,714,000,000 2,714,000,000 2,714,000,000 2,714,000,000
Shelf Registered Public Offering Rupiah Bond II Phase IV Year 2017 Tranche C with an Interest Rate of 11.8% due on 30 March 2024
Bond rating A+ (Pefindo) A+ (Pefindo) A+ (Pefindo) AA-(Pefindo) AA-(Pefindo)
Total 7,000,000,000 7,000,000,000 7,000,000,000 7,000,000,000 7,000,000,000
Unamortized discounts (21,258,212) (9,185,932) (13,418,664) (7,058,122) (1,786,407)
Total Outstanding 6,978,741,788 6,990,814,068 6,986,581,336 6,992,941,878 6,998,213,593
Total Interest expense 826,000,000 826,000,000 826,000,000 826,000,000 826,000,000
Shelf Registered Public Offering Rupiah Bond III Phase I Year 2018 Tranche B with Interest Rate of 9.15% due on 29 March 2023
Bond rating A+ (Pefindo) A+ (Pefindo) A+ (Pefindo) AA-(Pefindo)
Total 217,500,000,000 217,500,000,000 217,500,000,000 217,500,000,000
Unamortized discounts (1,682,483,174) (1,197,288,899) (692,235,836) (277,049,933) REPAID
Total Outstanding 215,817,516,826 216,302,711,101 216,807,764,164 217,222,950,067
Total Interest expense 19,901,250,000 19,901,250,000 19,901,250,000 19,901,250,000
Shelf Registered Public Offering Rupiah Bond III Phase II Year 2018 Tranche B with Interest Rate of 10.75% due on 28 September 2023
Bond rating A+ (Pefindo) A+ (Pefindo) A+ (Pefindo) AA-(Pefindo)
Total 47,500,000,000 47,500,000,000 47,500,000,000 47,500,000,000
Unamortized discounts (574,927,927) (399,108,671) (264,462,916) (128,654,390) REPAID
Total Outstanding 46,925,072,073 47,100,891,329 47,235,537,084 47,371,345,610
Total Interest expense 5,106,250,000 5,106,250,000 5,106,250,000 5,106,250,000
2023 Annual Report PT Medco Energi Internasional Tbk 73
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2023 Management Discussion Business Company Sustainability Corporate Governance Attachment
Performance and Analysis Activities Profile
Outstanding
Securities
Currency: IDR
Indonesia Stock Exchange
2019 2020 2021 2022 2023
Shelf Registered Public Offering Rupiah Bond III Phase III Year 2020 Tranche A with Interest Rate of 8.90% due on 20 February 2023
Bond rating A+ (Pefindo) A+ (Pefindo) AA-(Pefindo)
Total 1,023,700,000,000 1,023,700,000,000 1,023,700,000,000
Unamortized discounts (3,777,362,383) (2,171,056,680) (489,635,500) REPAID
Total Outstanding 1,019,922,637,617 1,021,528,943,320 1,023,210,364,500
Total Interest expense 79,720,637,500 91,109,300,000 91,109,300,000
Shelf Registered Public Offering Rupiah Bond III Phase III Year 2020 Tranche B with Interest Rate of 9.30% due on 20 February 2025
Bond rating A+ (Pefindo) A+ (Pefindo) AA-(Pefindo) AA-(Pefindo)
Total 476,300,000,000 476,300,000,000 476,300,000,000 476,300,000,000
Unamortized discounts (1,992,267,983) (1,576,615,487) (1,231,203,165) (626,393,106)
Total Outstanding 474,307,732,017 474,723,384,513 475,068,796,835 475,673,606,894
Total Interest expense 38,758,912,500 44,295,900,000 44,295,900,000 44,295,900,000
Shelf Registered Public Offering Rupiah Bond IV Phase I Year 2021 Tranche A with Interest Rate of 7.75% due on 9 September 2024
Bond rating A+ (Pefindo) AA-(Pefindo) AA-(Pefindo)
Total 400,000,000,000 400,000,000,000 400,000,000,000
Unamortized discounts (4,072,502,816) (2,724,669,752) (1,075,542,226)
Total Outstanding 395,927,497,184 397,275,330,248 398,924,457,774
Total Interest expense 9,730,555,556 31,000,000,000 31,000,000,000
Shelf Registered Public Offering Rupiah Bond IV Phase I Year 2021 Tranche B with Interest Rate of 8.50% due on 9 September 2026
Bond rating A+ (Pefindo) AA-(Pefindo) AA-(Pefindo)
Total 600,000,000,000 600,000,000,000 600,000,000,000
Unamortized discounts (6,334,216,649) (5,268,958,387) (3,786,814,427)
Total Outstanding 593,665,783,351 594,731,041,613 596,213,185,573
Total Interest expense 16,008,333,333 51,000,000,000 51,000,000,000
Shelf Registered Public Offering Rupiah Bond IV Phase II Year 2021 Tranche A with Interest Rate of 7.75% due on 23 November 2024
Bond rating A+ (Pefindo) AA-(Pefindo) AA-(Pefindo)
Total 941,805,000,000 941,805,000,000 941,805,000,000
Unamortized discounts (4,101,780,739) (2,944,007,635) (385,557,498)
Total Outstanding 937,703,219,261 938,860,992,365 941,419,442,502
Total Interest expense 7,704,488,125 72,989,887,500 72,989,887,500
Shelf Registered Public Offering Rupiah Bond IV Phase II Year 2021 Tranche B with Interest Rate of 8.50% due on 23 November 2026
Bond rating A+ (Pefindo) AA-(Pefindo) AA-(Pefindo)
Total 58,195,000,000 58,195,000,000 58,195,000,000
Unamortized discounts (1,407,221,373) (1,035,838,985) (754,172,020)
Total Outstanding 56,787,778,627 57,159,161,015 57,440,827,980
Total Interest expense 522,138,472 4,946,575,000 4,946,575,000
74 PT Medco Energi Internasional Tbk 2023 Annual Report
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EXPANDING OUR HORIZONS
Currency: IDR
Indonesia Stock Exchange
2019 2020 2021 2022 2023
Shelf Registered Public Offering Rupiah Bond IV Phase III Year 2022 Tranche A with Interest Rate of 7.00% due on 26 Juli 2025
Bond rating AA-(Pefindo) AA-(Pefindo)
Total 1,892,315,000,000 1,892,315,000,000
Unamortized discounts (9,249,893,678) (4,906,333,710)
Total Outstanding 1,883,065,106,322 1,887,408,666,290
Total Interest expense 58,136,121,944 132,462,050,000
Shelf Registered Public Offering Rupiah Bond IV Phase III Year 2022 Tranche B with Interest Rate of 8.10% due on 26 Juli 2027
Bond rating AA-(Pefindo) AA-(Pefindo)
Total 521,415,000,000 521,415,000,000
Unamortized discounts (2,548,747,598) (1,847,351,321)
Total Outstanding 518,866,252,402 519,567,648,679
Total Interest expense 18,536,303,250 42,234,615,000
Shelf Registered Public Offering Rupiah Bond IV Phase III Year 2022 Tranche C with Interest Rate of 9.00% due on 26 Juli 2029
Bond rating AA-(Pefindo) AA-(Pefindo)
Total 586,270,000,000 586,270,000,000
Unamortized discounts (2,865,767,679) (2,327,559,782)
Total Outstanding 583,404,232,321 583,942,440,218
Total Interest expense 23,157,665,000 52,764,300,000
Shelf Registered Public Offering Rupiah Bond V Phase I Year 2023 Tranche A with Interest Rate of 6.95% due on 7 Juli 2026
Bond rating AA-(Pefindo)
Total 150,000,000,000
Unamortized discounts (1,814,518,368)
Total Outstanding 148,185,481,632
Total Interest expense 5,125,625,000
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2023 Management Discussion Business Company Sustainability Corporate Governance Attachment
Performance and Analysis Activities Profile
Outstanding
Securities
Currency: IDR
Indonesia Stock Exchange (IDX)
2019 2020 2021 2022 2023
Shelf Registered Public Offering Rupiah Bond V Phase I Year 2023 Tranche B with Interest Rate of 7.30% due on 7 Juli 2028
Bond rating AA-(Pefindo)
Total 260,000,000,000
Unamortized discounts (3,383,877,640)
Total Outstanding 256,616,122,360
Total Interest expense 9,331,833,333
Shelf Registered Public Offering Rupiah Bond V Phase I Year 2023 Tranche C with Interest Rate of 8.15% due on 7 Juli 2030
Bond rating AA-(Pefindo)
Total 590,000,000,000
Unamortized discounts (7,923,979,000)
Total Outstanding 582,076,021,000
Total Interest expense 23,641,791,667
US Dollar Bonds
Currency: US$
Singapore Stock Exchange (SGX)
2019 2020 2021 2022 2023
US$144a SGX listed bond, coupon 8.50%. Issued in 2017, maturing 17 August 2022
Bond rating B2 (Moodys)/B
(S&P)/B+ (Fitch)
Total 400,000,000
Buyback - REPAID
Unamortized discounts (9,498,331)
Total Outstanding 390,501,669
Total Interest expense 34,000,000
US$144a SGX listed bond, coupon 6.75%. Issued in 2018, maturing 30 January 2025
Bond rating B2 (Moodys)/B B1 (Moodys)/B+ B1 (Moodys)/B+ B1 (Moodys)/B+ B1 (Moodys)/B+
(S&P)/B+ (Fitch) (S&P)/B+ (Fitch) (S&P)/B+ (Fitch) (S&P)/B+ (Fitch) (S&P)/B+ (Fitch)
Total 500,000,000 500,000,000 500,000,000 235,398,000 33,297,000
Buyback - - - 264,602,000 466,703,000
Unamortized discounts (17,040,854) (11,616,737) (9,081,969) (3,204,088) (203,777)
Total Outstanding 482,959,146 488,383,263 490,918,031 232,193,912 33,093,223
Total Interest expense 33,750,000 33,468,750 33,750,000 30,995,568 14,145,456
US$144a SGX listed bond, coupon 7.375%. Issued in 2019, maturing 14 May 2026
Bond rating B2 (Moodys)/B B1 (Moodys)/B+ B1 (Moodys)/B+ B1 (Moodys)/B+ B1 (Moodys)/B+
(S&P)/B+ (Fitch) (S&P)/B+ (Fitch) (S&P)/B+ (Fitch) (S&P)/B+ (Fitch) (S&P)/B+ (Fitch)
Total 650,000,000 650,000,000 650,000,000 533,606,000 473,758,000
Buyback - - - 116,394,000 176,242,000
Unamortized discounts (17,579,129) (14,056,372) (11,862,173) (6,983,649) (5,037,353)
Total Outstanding 632,420,871 635,943,628 638,137,827 526,622,351 468,720,647
Total Interest expense 30,227,257 47,671,181 47,937,500 42,975,117 39,218,276
76 PT Medco Energi Internasional Tbk 2023 Annual Report
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EXPANDING OUR HORIZONS
Currency: US$
Singapore Stock Exchange (SGX)
2019 2020 2021 2022 2023
US$144a SGX listed bond, coupon 6.375%. Issued in 2020, maturing 30 January 2027
Bond rating B1 (Moodys)/B+ B1 (Moodys)/B+ B1 (Moodys)/B+ B1 (Moodys)/B+
(S&P)/B+ (Fitch) (S&P)/B+ (Fitch) (S&P)/B+ (Fitch) (S&P)/B+ (Fitch)
Total 650,000,000 650,000,000 590,095,000 508,397,000
Buyback - - 59,905,000 141,603,000
Unamortized discounts (24,600,887) (20,915,321) (16,216,889) (11,035,005)
Total Outstanding 625,399,113 629,084,679 573,878,111 497,361,995
Total Interest expense 37,984,375 41,437,500 39,242,120 36,610,960
US$144a SGX listed bond, coupon 6.95%. Issued in 2021, maturing 12 November 2028
Bond rating B1 (Moodys)/B+ B1 (Moodys)/B+ B1 (Moodys)/B+
(S&P)/B+ (Fitch) (S&P)/B+ (Fitch) (S&P)/B+ (Fitch)
Total 400,000,000 384,800,000 299,417,000
Buyback - 15,200,000 100,583,000
Unamortized discounts (18,679,223) (17,548,405) (10,466,659)
Total Outstanding 381,320,777 367,251,595 288,950,341
Total Interest expense 3,706,667 27,721,697 25,990,023
US$144a SGX listed bond, coupon 8.96%. Issued in 2023, maturing 27 April 2029
Bond rating B1 (Moodys)/B+
(S&P)/B+ (Fitch)
Total 500,000,000
Buyback -
Unamortized discounts (19,736,601)
Total Outstanding 480,263,399
Total Interest expense 7,964,444
2023 Annual Report PT Medco Energi Internasional Tbk 77
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2023 Management Discussion Business Company Sustainability Corporate Governance Attachment
Performance and Analysis Activities Profile
Outstanding
Securities
Medco Power Indonesia Bonds
Currency: IDR
Indonesia Stock Exchange (IDX)
2019 2020 2021 2022 2023
Shelf Registered Public Offering Rupiah Bond I Year 2018 Tranche B with Interest Rate of 10.25% due on 4 July 2023
Bond rating A (Pefindo) A (Pefindo) A (Pefindo) A (Pefindo)
Total 63,000,000,000 63,000,000,000 63,000,000,000 63,000,000,000
Unamortized discounts (456,615,186) (345,871,703) (222,931,774) (86,452,176) REPAID
Total Outstanding 62,543,384,814 62,654,128,297 62,777,068,226 62,913,547,824
Total Interest expense 6,457,500,000 6,457,500,000 6,457,500,000 6,457,500,000
Shelf Registered Public Offering Rupiah Bond I Year 2018 Tranche C with Interest Rate of 10.75% due on 4 July 2025
Bond rating A (Pefindo) A (Pefindo) A (Pefindo) A (Pefindo) A (Pefindo)
Total 258,000,000,000 258,000,000,000 258,000,000,000 258,000,000,000 258,000,000,000
Unamortized discounts (2,914,707,315) (2,514,804,170) (2,068,528,110) (1,570,501,721) (1,014,724,014)
Total Outstanding 255,085,292,685 255,485,195,830 255,931,471,890 256,429,498,279 256,985,275,986
Total Interest expense 27,735,000,000 27,735,000,000 27,735,000,000 27,735,000,000 27,735,000,000
Rupiah Sukuk Wakalah I Year 2018 Tranche B with Interest Rate of 10.25% due on 4 July 2023
Bond rating A (Pefindo) A (Pefindo) A (Pefindo) A (Pefindo)
Total 404,000,000,000 374,000,000,000 374,000,000,000 374,000,000,000
Total of buyback - 30,000,000,000 - -
REPAID
Unamortized discounts (2,928,135,482) (2,053,270,112) (1,323,436,248) (513,224,030)
Total Outstanding 401,071,864,518 371,946,729,888 372,676,563,752 373,486,775,970
Total Interest expense 41,410,000,000 41,341,666,667 38,335,000,000 38,335,000,000
Rupiah Sukuk Wakalah I Year 2018 Tranche C with Interest Rate of 10.75% due on 4 July 2025
Bond rating A (Pefindo) A (Pefindo) A (Pefindo) A (Pefindo) A (Pefindo)
Total 43,000,000,000 43,000,000,000 43,000,000,000 43,000,000,000 43,000,000,000
Unamortized discounts (485,784,553) (419,134,028) (344,754,685) (261,750,287) (169,120,669)
Total Outstanding 42,514,215,447 42,580,865,972 42,655,245,315 42,738,249,713 42,830,879,331
Total Interest expense 4,622,500,000 4,622,500,000 4,622,500,000 4,622,500,000 4,622,500,000
Rupiah Sukuk Wakalah II Year 2019 Tranche B with Interest Rate of 10.55% due on 23 May 2024
Bond rating A (Pefindo) A (Pefindo) A (Pefindo) A (Pefindo) A (Pefindo)
Total 7,000,000,000 7,000,000,000 7,000,000,000 7,000,000,000 7,000,000,000
Unamortized discounts (158,304,565) (128,960,225) (96,154,782) (59,480,005) (18,479,514)
Total Outstanding 6,841,695,435 6,871,039,775 6,903,845,218 6,940,519,995 6,981,520,486
Total Interest expense 455,408,333 738,500,000 738,500,000 738,500,000 738,500,000
78 PT Medco Energi Internasional Tbk 2023 Annual Report
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EXPANDING OUR HORIZONS
Currency: IDR
Indonesia Stock Exchange (IDX)
2019 2020 2021 2022 2023
Rupiah Sukuk Wakalah II Year 2019 Tranche C with Interest Rate of 11.1% due on 23 May 2026
Bond rating A (Pefindo) A (Pefindo) A (Pefindo) A (Pefindo) A (Pefindo)
Total 10,300,000,000 10,300,000,000 10,300,000,000 10,300,000,000 10,300,000,000
Unamortized discounts (340,078,795) (302,435,488) (260,086,518) (212,443,649) (158,845,109)
Total Outstanding 9,959,921,205 9,997,564,512 10,039,913,482 10,087,556,351 10,141,154,891
Total Interest expense 705,035,000 1,143,300,000 1,143,300,000 1,143,300,000 1,143,300,000
Rupiah Shelf Registered Sukuk Wakalah I Phase I Year 2022 Tranche A with Interest Rate 8.00% due on 4 August 2025
Bond rating A (Pefindo) A (Pefindo)
Total 280,000,000,000 280,000,000,000
Unamortized discounts (2,336,465,132) (1,491,143,000)
Total Outstanding 277,663,534,868 278,508,857,000
Total Interest expense 9,271,111,111 22,400,000,000
Rupiah Shelf Registered Sukuk Wakalah I Phase I Year 2022 Tranche B with Interest Rate 9.25% due on 4 August 2027
Bond rating A (Pefindo) A (Pefindo)
Total 220,000,000,000 220,000,000,000
Unamortized discounts (3,267,703,236) (2,685,235,664)
Total Outstanding 216,732,296,764 217,314,764,336
Total Interest expense 8,422,638,889 20,350,000,000
Rupiah Shelf Registered Sukuk Wakalah I Phase II Year 2022 Tranche A with Interest Rate 9.00% due on 30 December 2025
Bond rating A (Pefindo) A (Pefindo)
Total 469,690,000,000 469,690,000,000
Unamortized discounts (1,917,509,425) (1,992,861,024)
Total Outstanding 467,772,490,575 467,697,138,976
Total Interest expense 117,422,500 42,272,100,000
Rupiah Shelf Registered Sukuk Wakalah I Phase II Year 2022 Tranche B with Interest Rate 9.50% due on 30 December 2027
Bond rating A (Pefindo) A (Pefindo)
Total 130,310,000,000 130,310,000,000
Unamortized discounts (531,990,575) (1,111,159,395)
Total Outstanding 129,778,009,425 129,198,840,605
Total Interest expense 34,387,361 12,379,450,000
2023 Annual Report PT Medco Energi Internasional Tbk 79
Page 82
2023 Management Discussion Business Company Sustainability Corporate Governance Attachment
Performance and Analysis Activities Profile
Corporate
Data
Company Name PT Medco Energi Internasional Tbk
Business Activity PT Medco Energi Internasional Tbk (“MedcoEnergi”) is a leading Southeast
Asian energy and natural resources company listed on the Indonesia Stock
Exchange (MEDC-IDX). MedcoEnergi has three key business segments, Oil
& Gas, Power, and Cooper & Gold Mining. MedcoEnergi explores for and
produces oil & gas primarily in Indonesia and is expanding its presence in
Southeast Asia. The Group operates gas, PV, geothermal and hydro power
plants in Indonesia through Medco Power and through a non-consolidated
interest in Amman Mineral Nusa Tenggara operates a large Indonesian
copper and gold mine.
Date of Establishment 9 June 1980
Legal Basis of Establishment Notarial deed No. 19 before Imas Fatimah, S.H., dated 9 June 1980. The
deed of establishment was approved by the Ministry of Justice of the
Republic of Indonesia in its decision letter No. Y.A.5/192/4 dated 7 April 1981
and was published in State Gazette No. 102, Supplement No. 1020 dated 22
December 1981.
Share Ownership PT Medco Daya Abadi Lestari : 51.50%
Diamond Bridge Pte. Ltd. : 21.46%
Public : 27.04%
Authorized Capital 55,000,000,000 shares
Issued and Fully Paid Up Capital 25,136,231,252 shares
Listing Date 12 October 1994
Exchange • Indonesia Stock Exchange (MEDC-IDX)
• Singapore Stock Exchange (SGX, USD Bonds)
Company Address The Energy Building 53rd Floor, SCBD lot 11A,
Jl. Jenderal Sudirman, Jakarta 12190.
Corporate Secretary Siendy K. Wisandana
Phone : +62-21 2995 3000
Facsimile : +62-21 2995 3001
E-mail : corporate.secretary@medcoenergi.com
Website www.medcoenergi.com
In compliance with OJK Regulation No.8/POJK.04/2015 regarding Public
Company website.
80 PT Medco Energi Internasional Tbk 2023 Annual Report
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EXPANDING OUR HORIZONS
Company Offices and
Supporting Institutions
COMPANY OFFICES
PT Medco Energi Medco Energi Thailand
Q House Lumpini,
Medco Yemen Holding
Of Faj-Attan St., Bait Salami,
Internasional Tbk Building 28th Floor, Unit 2802 Hadda Area
No.1 South Sathorn Road, Sathorn Near Safer E&P (SEPOC)
The Energy Buiding 53rd Floor, SCBD Lot 11A Bangkok 10120, Thailand P.O. Box 16609
Jl. Jenderal Sudirman Kav. 52-53 Sana’a - Republic of Yemen
Jakarta 12190, Indonesia Medco International Ventures
Limited PT Medco Power Indonesia
Medco Energi Global Pte Ltd Hay Alandalous, Ebn Sragha St. The Energy, 8th Floor, SCBD Lot 11A
12 Marina Boulevard, #18-01A, Near Tadamen Traffic light Jl. Jenderal Sudirman Kav. 52-53
Marina Bay Financial Centre Tower 3, P.O. Box 91350 Tripoli – Libya Jakarta 12190, Indonesia
Singapore 018982
Medco LLC Oman PT Amman Mineral Nusa Tenggara
Bait Al Reem 1st Floor Building #81. The Energy, 28th Floor, SCBD Lot 11A
Block #234, Way #3409 Jl. Jenderal Sudirman Kav. 52-53
Ath-Thaqafah Al Wizaraath Jakarta 12190, Indonesia
Street Al Khuwair, Muscat Sultanate of
Oman 133 Oman
SUPPORTING INSTITUTIONS
Stock Exchange Listing Indonesian Central Rating Agencies
Bursa Efek Indonesia
Securities Depository
PT Pemeringkat Efek
Stock Exchange Building Tower 1 (KSEI) Indonesia (PEFINDO)
Jl. Jenderal Sudirman Kav. 52-53 Setiabudi Atrium 8th Floor,
Jakarta 12190, Indonesia PT Kustodian Sentral Efek Indonesia Suite 809-810
Tel: +62-21 0800 100 9000 Indonesia Stock Exchange Building Jl. H.R. Rasuna Said Kav. 62
Tower I, 5th Floor Jakarta 12920, Indonesia
Singapore Exhange Securities Jl. Jenderal Sudirman Kav. 52-53 Tel: +62-21 521 0077
Trading Limited Jakarta 12190, Indonesia
11 North Buona Vista Drive, #06-07 Tel: +62-21 515 2855 Moody’s Investors Service Singapore
The Metropolis Tower 2 Pte. Ltd.
Singapore 138589 Public Accounting Firm 50 Raffles Place #23-06
Tel: +65 6236 8888 Singapore Land Tower
Purwantono, Sungkoro & Surja Singapore 048623
Share Registrar (member of Ernst & Young Global Tel: +65 6398 8300
Limited)
PT Sinartama Gunita Indonesia Stock Exchange Building Fitch Ratings Singapore Pte Ltd.
Menara Tekno Lantai 7 Tower II, 7th Floor One Raffles Quay
Jl. Fachrudin No. 19, RT 01/RW 07 Jl. Jenderal Sudirman Kav. 52-53 South Tower #22-11
Kelurahan Kampung Bali, Kecamatan Jakarta 12190, Indonesia Singapore 048583
Tanah Abang Tel: +62-21 5289 5000 Tel: +65 6796 7200
Jakarta Pusat 10250
Indonesia S&P Global Ratings
Tel: +62-21 392 2332 (Hunting) Singapore Pte. Ltd.
Fax: +62-21 392 3003 12 Marina Boulevard #23-01
Marina Bay
Financial Centre Tower 3
Singapore 018982
Tel: +65 6530 6401
2023 Annual Report PT Medco Energi Internasional Tbk 81
Page 84
Sustainability 83 Sustainability 85 Sustainability Policy 85 2023 Achievements 87 Community Development Highlights
Page 85
05
Page 86
2023 Management Discussion Business Company Sustainability Corporate Governance Attachment
Performance and Analysis Activities Profile
Sustainability
This chapter provides an overview of MedcoEnergi’s materiality assessment. The 2023 goals we did not achieve
Sustainability Policy as well as our initiatives and will be prioritized for completion in 2024.
accomplishments for 2023. The information here is
supplemented by the MedcoEnergi Sustainability Report, In 2022, we completed our corporate-level human rights
which goes into further detail on our environmental, assessment, following which we developed our Human
social, and governance (ESG) performance and tracks our Rights Policy in 2023 and was issued in early 2024. This Policy
progress on climate actions and other KPIs and goals. The builds on our existing human rights–related policies and best
Sustainability Report is accessible on our website: practices and combines them into one corporate policy.
www.medcoenergi.com. Developing this policy involved extensive consultations with
representatives from both external and internal stakeholders,
MedcoEnergi’s Sustainability Policy has three pillars: including representatives from our Oil & Gas and Power
Leadership of and by Our Employees, Environmental and assets, division’s leaders and labor unions to ensure we
Social Development, and Local Community Empowerment. considered a comprehensive range of perspectives.
The policy was established in 2018 following extensive,
inclusive stakeholder consultations.
In 2023 we continued our engagement with Business for
As a leading sustainable energy and natural resources Social Responsibility and other international and national
company, we are committed to contributing to sustainable sustainability-related organizations, such as the Global
development and to reducing our carbon footprint, Reporting Initiative (GRI) and the Indonesia Business Council
supporting the ambitions set by countries in which we for Sustainable Development. We actively contributed
operate. Our Corporate climate aspirations are in line with to sustainability initiatives, such as providing feedback to
Indonesia’s Nationally Determined Contribution (NDC). the Government of Indonesia – through the Indonesian
Indonesia is transforming the mix of its primary energy Petroleum Association and Indonesian Renewable Energy
sources and has determined that gas will be the transition Society – on emerging regulations related to climate change.
fuel to low carbon energy. As further testament to MedcoEnergi’s active contributions,
Hilmi Panigoro, our President Director, was recognized as
Following the issue of our Climate Change Strategy in 2021 the best leader of sustainability initiatives in the Oil & Gas
we established interim 2025 and 2030 targets for our Oil & industry in Indonesia by the Society of Indonesian Energy
Gas and Power business units. These targets are milestones and Mining Editors, a prominent organization consisting of
on our journey to achieving net zero emissions. We continued senior editors from reputable national media outlets focused
to map initiatives and set and implemented action plans on energy and mining sectors. The award recognizes his
to keep us on track to achieve our commitments. We are outstanding contributions to driving sustainable practices
intensifying our efforts to meet the growing regional demand within MedcoEnergi.
for energy, while simultaneously reducing and reporting our
carbon emissions and securing opportunities to accelerate In December 2023, we also established a memorandum of
energy transition. understanding with KADIN Net Zero Hub, an initiative of
KADIN, the Indonesian Chamber of Commerce and Industry.
In 2022, we conducted a double materiality assessment KADIN Net Zero Hub partners with other stakeholders in the
to update our priority issues. Climate change and energy global net zero movement, including the World Wide Fund
transition now dominate the material issues, while local for Nature and the United Nations Development Programme.
communities, policy and the regulatory environment, and Through the Hub, members share best practices on their
anti-corruption and business ethics remain priority topics. journey to net zero emissions. The full list of MedcoEnergi’s
stakeholder groups and the engagement and support we
Following this 2022 assessment we established new five- provide is available in our Sustainability Report.
year sustainability KPIs and targets, and a 2023-2027
sustainability roadmap. The KPIs and targets form the basis We welcome our responsibilities towards stakeholders and
of our action plans, which are detailed in our Sustainability will remain diligent and transparent in our reporting. We have
Report. Each quarter we monitor our progress towards these disclosed climate-related data through the CDP* reporting
KPIs and targets. By the end of 2023 we had achieved 86% of platform and have aligned our climate reporting with TCFD
our 2023 sustainability goals and KPIs derived from the 2022 recommendations.
* Formerly the Carbon Disclosure Project, CDP is an international non-profit organisation that helps companies and cities disclose their environmental impact (www.cdp.net).
84 PT Medco Energi Internasional Tbk 2023 Annual Report
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EXPANDING OUR HORIZONS
In 2023 our Sustainalytics ESG risk rating score improved Local Community Empowerment
to 29.6 (medium risk) from 36.7 (high risk), our MSCI ESG MedcoEnergi endeavours to be a leading company in social
rating was confirmed at A and our CDP climate change score practices and responsibility wherever we operate. We engage
maintained at B. regularly, openly and honestly with our stakeholders to share,
hear and understand each party’s views and concerns, and to
We improved the quality of disclosure in our sustainability respond as appropriate. We respond by making community
reporting by continuing to increase the number of GRI investment decisions in a strategic, fair and transparent
performance indicators disclosed and assured by Ernst & manner as we seek to empower and support the creation
Young year-on-year. of self-reliant communities aligned with the UN Sustainable
Development Goals.
Number of GRI Indicators
Year
Assured 2023 Achievements
2023 96 indicators
ESG Rating
2022 93 indicators
• Sustainalytics score improved to 29.6 from 36.7.
2021 86 indicators • MSCI ESG rating maintained at A.
2020 75 indicators • CDP climate change score maintained at B.
2019 63 indicators
Governance
2018 55 indicators
• Climate change risk assessment: completed quantitative
2017 31 indicators physical risk assessment for Block A Aceh and JOB
Tomori and in progress for quantitative transition risk
Sustainability Policy assessment.
Our sustainability policy comprises three pillars: • MedcoEnergi standalone Human Rights Policy
established.
Leadership of and by Our Employees • ISO 37001 certification obtained for Corridor.
Our people are our most valuable asset. They are the keystone
of our operations and our future success. Therefore, we must People
recruit diverse talent from all backgrounds who possess • Conducted a 2023 Employee Engagement Survey with a
the right skillsets and ethical values. We are committed 92% response rate by employees.
to maintaining a healthy and safe workplace built upon a • Facilitated sustainability and climate change capability
culture of mutual respect. To be successful we will develop building with assets and functions through face-to-face
the capacity of all of our employees while recognizing and and online learning.
rewarding individual performance and expecting personal • Strengthened the implementation of our Medco
accountability. All levels of our management are expected to Leadership Behaviour.
set clear directions towards our expectations.
Environmental and Social Development
Environmental and Social Development We have implemented 41 initiatives throughout 2023 to
As a responsible corporate citizen, we are committed to reduce GHG emissions, resulting in an emissions reductions
complying with all applicable laws and regulations, and aligning of up to 147,963 tCO2e/year. Additionally, a one-time
our health, safety and environmental management with reduction of 94,860 tCO2e was achieved in 2023. Methane
industry best practices and relevant international standards. emissions of up to 1,409 tCO2e/year were also reduced,
We regularly set and monitor our goals and performance to along with a one-time reduction of 8,084 tCO2e from well
achieve zero injuries, illnesses and environmental incidents clean-up and testing activities in 2023.
and the reduction of waste and emissions.
In 2023, we achieved our interim 2025 targets to reduce oil
We seek to continually strengthen our operational excellence & gas emissions, two years ahead of plan. Our 2023 oil & gas
by enhancing our safety culture, stakeholder engagement, Scope 1 and 2 GHG emissions were 22% below our 2019 base
environmental stewardship and the adoption and year, ahead of the 20% target and 2023 methane emissions
development of best practices. were 40% below 2019, ahead of the 25% reduction target.
This is encouraging and a milestone to celebrate, however we
We are committed to complying with all applicable laws and understand the challenge of maintaining this achievement
regulations, to respecting human rights in line with the UN given the nature of our business. We are on track to achieve
Guiding Principles for Business and Human Rights and the our 2030 interim targets to further reduce both Scope 1 and
Voluntary Principles on Security and Human Rights, and 2 and methane emissions and on our trajectory to achieve
to learning from and applying industry best practices and net zero.
relevant international standards.
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2023 Management Discussion Business Company Sustainability Corporate Governance Attachment
Performance and Analysis Activities Profile
Sustainability
We contributed to the formulation of key government mitigation efforts, capacity building workshops, and the use
regulations and Indonesian National Standard (SNI) on of an Integrated Dashboard. Additionally, our meticulous
carbon capture and storage (CCS) and carbon capture, SMS Monitoring process was instrumental to identify and
utilization and storage (CCUS) by providing feedback improve key social issues, which in turn enabled us to improve
through the Indonesia Petroleum Association and via direct our social performance.
participation in Indonesian government task forces. We
also undergo studies on CCS at South Natuna Sea Block B, Local Community Empowerment
Gelam Field in Corridor Block and Arung Nowera Gas Field Continued to empower local communities and journalists
Development in South Sumatra Block. through capability building, local economic development,
women’s empowerment, educational support programs and
Renewable development progressed at our Bali Solar PV, Ijen youth development programs.
Geothermal and Pulau Bulan Solar PV projects.
Health and Safety
We also enhanced our Social Management System (SMS) Safety Performance: Zero Lost Time Incident (LTI) and
implementation through awareness campaigns, documented Process Safety Event (PSE) Tier-1, lower Total Recordable
commitments to social policies, risk identification and Incident Rate (TRIR): 0.15 (0.21 in 2022).
Inspection check at Lematang, South Sumatra
Benchmarking Safety Performance
Oil & Gas, and Power: Total Recordable Incident Rate* 2016–2023
1.40
1.20
0.96 0.99
1.00 0.92 0.90
0.77
0.80 0.75 0.72 0.70
0.69
0.70 0.60 0.77
0.58 0.59
0.60 0.56 0.48
0.69
0.58
0.44
0.40 0.39
0.35 0.33 0.33 0.33
0.31 0.29
0.24
0.21
0.20 0.15 0.18
0.00 0.00 0.00
0.00
2017 2018 2019 2020 2021 2022 2023
Medco Consolidated Medco Oil & Gas Medco Power IOGP Asia/Australasia IOGP Overall
* The number of recordable injuries (fatalities + lost workday cases + restricted workday cases + medical treatment cases) per million hours worked.
Source for benchmarking: Data Series International Association of Oil & Gas Producers (IOGP) Safety performance indicators - 2022 data, issued in
June 2023. Workforce includes employees and contractors.
86 PT Medco Energi Internasional Tbk 2023 Annual Report
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EXPANDING OUR HORIZONS
Community Development
Highlights
Building a Brighter Future Together
MedcoEnergi is dedicated to fostering positive impacts beyond its core business activity. This commitment is reflected in
our robust community development programs, which fall under five key pillars: health, education, environment, economy
and infrastructure. Through collaboration with local stakeholders, we empower individuals, strengthen communities and help
create a sustainable future for all.
Health
Investing in Community Education and Combating Stunting in Sumatra and Java Islands
Well-being MedcoEnergi is committed to combating stunting in
Indonesia, which has one of the highest rates in the world,
supporting the national anti-stunting program by the
Women and Children Empowerment Center in East government of Indonesia. Our programs to prevent and
Aceh handle stunting targets communities in Aceh, Riau Islands,
The Women and Children Empowerment Center (Rumah South Sumatra and East Java. Through partnerships with
Pemberdayaan Ibu dan Anak) we support in East Aceh is just local health authorities, we implement a multipronged
one example of our commitment to improve education and approach. This includes improved healthcare services with
community’s well-being. This collaborative effort between health screenings, the provision of clean water and nutritious
Employees in Medco E&P Malaka and the Medco Foundation meals, and advice on healthy eating.
offers a range of programs, including in education and literacy,
healthcare and economic empowerment, as well as cultural We also support awareness campaigns and counseling
activities such as traditional Acehnese dance and making for pregnant women and health workers, emphasizing
handicrafts from recycled material. In 2023, the Community the importance of proper nutrition to prevent stunting.
Learning Center for Women and Children welcomed 20,000 This comprehensive approach is designed to support
people, fostering a more vibrant community. communities, improve public awareness around stunting and
health, and support a brighter future for children.
Rumah Pemberdayaan Ibu & Anak, Empowering Communities through Health, Education, and Culture
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2023 Management Discussion Business Company Sustainability Corporate Governance Attachment
Performance and Analysis Activities Profile
Sustainability
Environment
Building a Sustainable Future We provide farmers with training and assistance in integrated
organic farming, in this case combining aquaculture with the
Empowering Tarakan Communities: Tarakan Climate organic farming. This not only diversifies food resources but
Village Program also optimizes land use. The training also aims to reduce
The Tarakan Climate Village Program, also known as Kampung farmers’ reliance on chemical inputs; we have provided a leaf
Iklim (Proklim), empowers residents of Mamburungan chopper machine capable to produce compost.
Village, Tarakan to adapt to climate change and improve their
livelihoods. This initiative aligns with a nationwide program Beyond these core areas, the Company has provided
overseen by the Ministry of Environment and Forestry Mamburungan with a spring water storage tank and the
(MoEF). infrastructure to process animal manure into compost and
organic fertilizer.
Economy
Improving Community Housing in the lives of families in East Aceh by providing them with
safe and healthy living environments.
MedcoEnergi is committed to creating a positive impact on
the communities where we operate. One way we achieve
this is through initiatives to ameliorate community housing. Multifaceted Approach in Mauk
These initiatives involve collaboration with local stakeholders In Mauk, Tangerang Banten, the Medco Foundation, in
to improve substandard and unsanitary housing and enhance collaboration with Habitat for Humanity, a globally recognized
the overall well-being of residents. non-profit organization that helps families build and improve
places to call home, spearheaded a project to improve housing
Transforming Lives in Aceh for the community. In 2023, 170 MedcoEnergi employee
Since 2018, MedcoEnergi has partnered with local volunteers renovated 10 homes. We also supported free
stakeholders in Aceh to renovate 31 houses across four medical services for 100 individuals, distributed staple food to
districts. These renovations have made a tangible difference 400 families and provided clean water and advice on nutrition.
MedcoEnergi Volunteers Work Together to Enhance Housing Conditions in Mauk
88 PT Medco Energi Internasional Tbk 2023 Annual Report
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EXPANDING OUR HORIZONS
Education
Women and Community Empowerment in IDR 3.2 million, also boosting the earnings of local cassava
Local Economic Development farmers. We are also assisting Keripik Anggun with strategic
planning and exploring online platforms to expand its reach
Local Business Development Program: We recognize the nationally.
importance of fostering local businesses and entrepreneurs.
This program provides vital support and guidance to women- Dua Saudara (East Java): We supported Dua Saudara, a
owned businesses and village-owned enterprises (BUMDes) similar project in Gedugan Village, Sumenep Regency. Dua
in South Sumatra, East Java and Kalimantan. From enhancing Saudara is a small business specializing in cassava- and
product development to exploring online marketplaces banana-based products. Through the program we provided
and platforms, the program empowers local women-led the tools and resources necessary for Dua Saudara to
businesses to grow and contribute to the economic well- achieve sustainable production and operate independently,
being of their communities. Business like Keripik Anggun an contributing to the local economy.
enterprise making cassava crisp products in South Sumatra,
showcase the program’s successes. BUMDes (Kalimantan): The program extended its reach
to village-owned enterprises (BUMDes) in Bangkanai,
Keripik Anggun (South Sumatra): Support from our Kalimantan. We supported training and assistance to help
program helped Keripik Anggun enhance its product line, BUMDes members enhance their management skills and
leading to a sharp increase in demand, thereby boosting improve their business productivity.
income. Today, Keripik Anggun’s daily revenue can reach
Keripik Anggun, Contributing to the Economic Well-Being of the Community
2023 Annual Report PT Medco Energi Internasional Tbk 89
Page 92
Corporate
Governance
92 Principles 112 Corporate Audit and Integrity Compliance
92 General Meeting of Shareholders 115 Anti-Corruption
95 Board of Commissioners 116 Whistleblowing Systems
98 Board of Directors 117 Employees and Management Shares
Ownership Program
102 Good Corporate Governance Committee
119 Material Transactions
103 Audit Committee
120 Independent Accountant
106 Nomination and Remuneration Committee
121 Board of Commissioners &
108 Sustainability & Risk Management Board of Directors Statement
109 Sustainability & Risk Management
Committee
110 MedcoEnergi Code of Conduct
111 Corporate Secretary
Page 93
06
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2023 Management Discussion Business Company Sustainability Corporate Governance Attachment
Performance and Analysis Activities Profile
Corporate
Governance
PRINCIPLES
MedcoEnergi applies the Good Corporate Governance (GCG) principles of Transparency, Accountability, Responsibility,
Independence, and Fairness. These are embedded in the Company’s Articles of Association, GCG Implementation Guidelines,
and Code of Conduct1.
Our GCG structure has a segregation of duties between the General Meeting of Shareholders, the Board of Commissioners
(BOC) and the Board of Directors (BOD). The BOC supervises the BOD with the support of four committees: the Audit
Committee, the Nomination & Remuneration Committee, the Sustainability & Risk Management Committee and the GCG
Committee.
Corporate Governance Structure Relation Between GCG & CoC
Shareholders
Vision, Mission and
Corporate Values
Board of Commissioners
Accountability
Delegation
Sustainability & Risk Corporate Governance Code of Conduct
Audit Committee
Management Committee
Manage Organization Manage Employee
Nomination & Business Conduct Business Conduct
GCG Committee
Remuneration Committee
Board of Directors Business Ethic and Work Ethic
GENERAL MEETING OF SHAREHOLDERS
The highest authority in the Company resides with the shareholders. This authority is exercised through the Annual General
Meeting of Shareholders (AGMS) and, when necessary, through Extraordinary General Meetings of Shareholders (EGMS).
AGMS are the primary forum for shareholders to direct the course of the Company, while EGMS are held on matters deemed
essential by shareholders or management.
In 2023, the Company held its AGMS on Wednesday, May 31 at the Soehanna Hall, The Energy Building in Jakarta. Present
at the meeting were holders of 21,017,855,140 (twenty one billion seventeen million eight hundred fifty-five thousand one
hundred forty) shares, representing 83.9% (eighty-three point nine) of the 25,136,231,252 shares issued by the Company, after
deduction of treasury shares of 85,748,255 (eighty five million seven hundred forty eight thousand two hundred fifty five).
Vote Counting
The Company was assisted by the notary office of Mrs. Leolin Jayayanti, S.H., M.Kn. Notary to count votes and take minutes
at the AGMS.
1 As stipulated in Law No. 8 dated 10 November 1995 regarding Capital Markets; Law No. 40 of 2007 dated 16 August 2007 regarding Limited Liability Companies; Regulation of the Financial Services Authority
(POJK) No. 21/POJK.04/2015 dated 16 November 2015 regarding the Implementation of Corporate Governance Guidelines in Public Companies; Circular Letter of the Financial Services Authority (SEOJK) No.
32/SEOJK.04/2015 dated 17 November 2015 regarding Corporate Governance Guidelines of Public Companies; POJK No. 29/POJK.04/2016 dated 29 July 2016 regarding Annual Reports of Issuers or Public
Companies; SEOJK No. 30/SEOJK.04/2016 regarding Format and Contents of Annual Reports of Issuers or Public Companies
92 PT Medco Energi Internasional Tbk 2023 Annual Report
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EXPANDING OUR HORIZONS
AGMS Decisions and Actions
The table below shows the decisions taken at the AGMS and the actions taken in response.
Decisions of the AGMS May 31, 2023 Action Taken
1 Receive and approve the report of Board of Directors and the report of the Board of Commissioners Approved and ratified at the
regarding the Company’s activities carried out for the financial year ending December 31, 2022 (“Annual AGMS.
Report”) as well as the ratification of the profit and loss and balance sheet (“Financial Statements”)
for the financial year ended December 31, 2022 which has been audited by the Public Accounting Firm
PURWANTONO, SUNGKORO & SURJA as evidenced from its letter No . 00481/2.1032/AU.1/02/0696-1/1/
III/2023 dated March 31, 2022, with the opinion “FAIR WITHOUT EXCEPTIONS”. Also to released (acquit
et de charge) the members of the Board of Directors and Board of Commissioners of the Company from
their responsibilities for the management and supervision of the Company during the relevant financial
year.
2 Approved the utilization of the Net Profit attributed to the Shareholders of the Company for the financial Approved the utilization of Net
year ended December 31, 2023 US$530,882,675 (five hundred thirty million eight hundred eighty two Profit for dividend and retained
thousand six hundred seventy five United States Dollar) with the following details: earnings.
- Allocated as mandatory reserves Rp59,032,127,260 (fifty nine billion thirty two million one hundred Ratified the cash dividend
twenty seven thousand two hundred sixty Rupiah), so that the mandatory reserves becomes interim of US$25,000,000 paid
Rp125,681,156,260 (one hundred twenty five billion six hundred eighty one million one hundred fifty six on 8 September 2022.
thousand two hundred sixty Rupiah). Such amount shall be recorded in United States Dollars with the
exchange rate using Jakarta Interbank Spot Dollar Rate issued by the Bank Indonesia on the date of the
AGMS.
- Distributed a cash dividend of US$65,000,000 (sixty five million United States Dollar) including the The cash dividend of
interim cash dividend of US$25,000,000 (twenty five million United States Dollar) or equivalent US$40,000,000 was distributed
to US$0.001 (zero comma zero zero one) per share distributed to shareholders on September 8, to shareholders on 30 June
2022. Therefore, the remaining cash dividend to be distributed after the approval of the AGMS is 2023.
US$40,000,000 (forty million United States Dollar), with the total issued and paid-up capital (excluding
treasury shares) of 25,050,482,997 (twenty five billion fifty million four hundred eighty two thousand
nine hundred ninety seven) shares or equivalent to US$0.0016 (zero point zero zero one six United
States Dollar) per share.
The dividend will be paid in Rupiah denomination with the exchange rate using Jakarta Interbank Spot
Dollar Rate issued by the Bank Indonesia on the recording date.
- Recorded the remaining net profit of 2022 of US$461,939,050 (four hundred sixty-one million nine The remaining Net Profit
hundred thirty nine thousand fifty United States Dollar) as retained earnings. attributed to the Shareholders of
US$461,939,050 (four hundred
sixty-one million nine hundred
thirty nine thousand fifty United
States Dollar) recorded as
retained earnings.
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2023 Management Discussion Business Company Sustainability Corporate Governance Attachment
Performance and Analysis Activities Profile
Corporate
Governance
Decisions of the AGMS May 31, 2023 Action Taken
3 I. Approved the appointment of Purwantono, Sungkoro & Surja, a public accounting firm registered with The appointment of public
the Financial Services Authority (Otoritas Jasa Keuangan – OJK), to audit the balance sheet, profit accountant, Purwantono,
and loss calculation and other parts of the consolidated financial statements of the Company and its Sungkoro & Surja was made
subsidiaries for the year ending December 31, 2023. through a letter of agreement
No. 0245/PSS/10/2023 dated
II. Approved the Delegation of authority to the BOC to: October 16, 2023. The total fee
a. Determine the fee amount of the public accountant. for the audit of the Consolidated
b. Appoint a substitute public accountant and determine the reasonable conditions and requirements Financial Statements of 2023
for the appointment of the substitute public accountant if the public accountant originally appointed was Rp28.4 billion.
by the AGMS were unable to carry out or continue its duties for any reason, including legal reasons
and laws and regulations in the capital market sector or if agreement was not reached on the fee
amount.
4 I. Approved compensation for the BOC and the BOD for 2023 (including tax) effective from January 1, The Company distributed the
2023 to December 31, 2023 at the maximum of US$25.7 million, including payment in the form of stock bonuses, salaries and allowances
share of the Company in the amount of 15,278,990 (fifteen million two hundred seventy eight thousand for members of the BOC and
nine hundred ninety) shares and ratified the payment of salaries and benefits paid to the BOC and the BOD in 2023 amounting to
BOD from January 2023 to May 2023. US$25.6 million (including taxes).
This included compensation
II. Approved the authorization to the BOC to determine the policy for distributing bonuses, salaries and in the form of shares of the
allowances to each member of the BOC and the BOD, including the determination of other forms of Company equivalent to
benefits to be given to the BOD of the Company. 15,613,100 (fifteen million six
hundred thirteen thousand one
hundred) shares.
5 I. Approved the buy back of the Company’s shares issued and listed at the Indonesia Stock Exchange As of December 31, 2023,
in the maximum of 100,000,000 (one hundred million) shares or equivalent to 0.398% of the issued the Company bought back
and paid-up capital and to be implemented in accordance with the Financial Services Regulation 65,250,100 shares with the total
POJK No. 30/POJK.04/2017. cost of US$3,969,342. The
Company will continue to buy
II. Authorized the BOD to implement any action related to the buy back of the Company’s shares. back the shares in 2024.
6 I. Approved the transfer of shares resulting from the buyback by implementing a share ownership program Approved and ratified at the
by employees and/or Directors and Board of Commissioners of the Company, Subsidiaries and affiliated AGMS.
companies of the Company.
II. Approved and authorized with substitution rights, either in part or in whole, to the Board of Directors Approved and ratified at the
of the Company to carry out all necessary actions in connection with the re-transfer of shares resulting AGMS.
from the buyback by implementing a share ownership program by employees and/or the Directors and
Board of Commissioners of the Company, the Company subsidiaries and affiliated companies of the
company.
7 I. Approved the amendment to Article 3 of the Company's Articles of Association concerning the Approved and ratified at the
purposes and objectives of the Company in accordance with the 2020 Indonesian Business Field AGMS.
Standard Classification (Indonesia KBLI) with the choice of KBLI 64200 (Holding Company Activities)
and 70209 (Other Management Consulting Activities) and Article 17 paragraph (7) of the Company's
Articles of Association regarding the announcement of the profit/loss balance sheet in newspapers and
amended and restated the Company's Articles of Association in connection with these changes.
II. Ratified the deposit made by the shareholders of the Company based on the Deed of Establishment of Approved and ratified at the
the Company as stated in the Deed of Establishment No. 19 dated 9 June 1980, as amended by Deed of AGMS.
Amendment No. 29 dated 25 August 1980 and Deed of Amendment No. 2 dated March 2, 1981, all three
of which were made before Imas Fatimah, S.H., Notary in Jakarta.
III. Approved the authorization to the Board of Directors of the Company to make amendments and Approved and ratified at the
restatements to the provisions of the Company's Articles of Association, make or order to make and AGMS.
sign the necessary deeds and letters or documents, then to submit requests for approval and/or
submit notifications on the decisions of this Agenda and/or amendments to the Company's Articles
of Association in the decisions of this Agenda, to the competent authority, and to take all and any
necessary actions, in accordance with the applicable laws and regulations and for such purposes have
the right to appear before a Notary or to whoever is deemed necessary, provides and/or requests the
necessary information, makes or requests to make and sign the necessary deeds, letters and documents
including granting substitution power to the Board of Directors of the Company to restate the deed of
amendment to the Company's Articles of Association as required by the competent authority, in short
to take all actions deemed necessary and useful for the purposes mentioned above, no one is exempt.
94 PT Medco Energi Internasional Tbk 2023 Annual Report
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EXPANDING OUR HORIZONS
BOARD OF COMMISSIONERS
The BOC consists of three (3) members. In accordance with the Company Law, BOC Charter, Articles of Association and
Financial Services Authority Regulation, 30% of the total number of BOC members shall be independent. Therefore, one (1)
member of the BOC was independent commissioner. The current BOC members of the Company are as follows:
Position Name
President Commissioner Yani Y. Panigoro
Commissioner Yaser R. A. Panigoro
Independent Commissioner Marsillam Simandjuntak
Duties and Responsibilities
The BOC supervises the BOD and provides advice pursuant to the Articles of Association. The BOC supervises risk management
and internal control within MedcoEnergi and ensures that GCG is implemented in an appropriate manner. The BOC is also
tasked with chairing the AGMS, monitoring internal and external audits, the supervision of risk management, performance
evaluations of the BOC and the BOD and the provision of recommendations towards determining the remuneration of the
BOC and BOD. To implement its duties effectively, the BOC has the support of the Audit Committee, the Sustainability & Risk
Management Committee, the GCG Committee and the Nomination & Remuneration Committee.
Name Title Duties and Responsibilities
Yani Y. Panigoro President • Together with other Commissioners, supervise and provide advice to the BOD to aid it in carrying
Commissioner out its duties and responsibilities in managing the Company
• Chair the Sustainability & Risk Management Committee
• Member of the Nomination & Remuneration Committee and GCG Committee
• Chair meetings of the BOC, as well as the Joint BOC & BOD meetings
Yaser R. A. Panigoro Commissioner • Together with other Commissioners, supervise and provide advice to the BOD to aid it in carrying
out its duties and responsibilities in managing the Company
• Member of the Sustainability & Risk Management Committee, the Nomination & Remuneration
Committee and the GCG Committee
Marsillam Simandjuntak Independent • Together with other Commissioners, supervise and provide advice to the BOD to aid it in carrying
Commissioner out its duties and responsibilities in managing the Company
• Chair the Audit Committee, the Nomination & Remuneration Committee and the GCG Committee
• Member of the Sustainability & Risk Management Committee
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2023 Management Discussion Business Company Sustainability Corporate Governance Attachment
Performance and Analysis Activities Profile
Corporate
Governance
BOC Charter
This guideline forms part of the GCG Guidelines and Code of Ethics for the BOC and BOD.
Meetings
In accordance with the Articles of Association and the GCG Guidelines, the BOC is required to meet at least every quarter
and also to hold joint meetings of the BOC and BOD every quarter. The Commissioners are required to attend every General
Meeting of Shareholders.
In 2023, five BOC meetings were held. These meetings were held concurrently with joint BOC and BOD meetings. All meetings
adopted a hybrid format, allowing for both physical and virtual participation.
Commissioners’ Attendance at Meetings
AGMS
Name BOC Meeting Meeting of BOC with BOD
May 31, 2023
Yani Y. Panigoro 100% 100% Present
Yaser R. A. Panigoro 100% 100% Present
Marsillam Simandjuntak 100% 100% Present
Competency Improvement for the Board of Commissioners
MedcoEnergi is committed to fostering a highly competent BOC. To achieve this, the Company requires each BOC member
to engage in a range of development activities. These include orientation programs for newly appointed members, joint visits
to operational areas with the BOD, specialized training opportunities, professional association memberships relevant to the
Company’s sector, and participation on external social or academic boards and committees.
In 2023, the BOC actively pursued competency enhancement through operational site visits and continued participation as
members of trustee/ supervisory board of social and/or academic organization outside the Company. Specific examples of
these activities undertaken by BOC members in 2023 will be detailed in the following section:
96 PT Medco Energi Internasional Tbk 2023 Annual Report
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EXPANDING OUR HORIZONS
Name Activities
Yani Y. Panigoro · Served as Chair of the Board of Trustee of the Bandung Institute of Technology (2019 – 2024), Bandung, Indonesia
· Member of the Board of Trustee of Indonesia Tuberculosis Eradication Organization (2022 – 2027), Jakarta, Indonesia
· Member of the Board of Trustee of Stop TB Partnership Indonesia (2022 – 2027), Jakarta, Indonesia
· Visited Block B, Natuna, Indonesia, April 3, 2023
· Visited Donggi Senoro LNG Plant and JOB Tomori, Central Sulawesi, Indonesia, April 11, 2023
· Attended the Indonesia Petroleum Association Convention & Exhibition in Ice BSD City, Indonesia, on July 25, 2023
· Attended the Gastech in Singapore on September 5, 2023
· Attended the Pavilion Indonesia at the Conference of Party of the UNFCCC in Dubai on December 30, 2023
Yaser R. A. Panigoro · Member of Advisory Board of the Partnership of Tuberculosis Eradication Forum (2022), Coordinating Ministry for
Human Development and Culture of the Republic of Indonesia, Jakarta, Indonesia
· Served as Chairman of the Board of Trustee of Stop TB Partnership Indonesia (2023 – 2027), Jakarta, Indonesia
Marsillam Simandjuntak · Member of Board of Trustee of the Indonesia Jentera School of Law, Jakarta, Indonesia (2011 - present)
Performance Appraisal of the BOD and BOC
The performance appraisal of the BOD and the BOC and of each Board member is carried out through the quarterly joint BOD
and BOC jointly meetings, and an annual performance assessment conducted after the publication of the annual financial
report. In conducting annual performance assessments, the Nomination & Remuneration Committee measures achievement
against the main performance indicators and team performance contracts. These were approved by the BOC at the joint BOC
and BOD meetings.
Throughout 2023, the Company maintained its focus on measuring performance against the five key areas outlined in the
2023 key performance indicators and team performance contracts. The specific results of those measurements are as follows:
Indicators Target Results
1 HSE and Sustainability 100% 110%
2 Availability and Production of Oil & Gas and Power 100% 100%
3 Company Growth 100% 120%
4 Operational Excellence 100% 100%
5 Financial Performance 100% 100%
Average Results 100% 106%
Nomination & Remuneration Committee plays a critical role in determining appropriate remuneration for the BOC and
BOD. The Committee’s recommendations also consider factors such as Business Development results, individual member
competencies, and alignment with overall company performance. Based on these assessments, the Committee recommends
remuneration packages for each Commissioner and Director to BOC for the further approval of the shareholders at the Annual
General Meeting of Shareholders.
BOC Assessment on Committee Performance
In carrying out its supervisory duties, the BOC is assisted by the Audit Committee, the Sustainability & Risk Management
Committee, the Nomination & Remuneration Committee and the GCG Committee. The BOC evaluates the members of each
committee at the end of each financial year. In carrying out this assessment, the BOC considers committee performance and
the attendance of each member at meetings.
Throughout 2023, all committees worked optimally in assisting the BOC in supervising the Company and by providing
recommendations. In 2023, all members of each committee were present at all meetings to provide opinions and approve the
agendas.
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2023 Management Discussion Business Company Sustainability Corporate Governance Attachment
Performance and Analysis Activities Profile
Corporate
Governance
Attendance of Committee Members at Meetings in 2023
Nomination & Sustainability & Risk
Audit Committee GCG Committee
Name Remuneration Committee Management Committee
Title Attendance Role Attendance Role Attendance Role Attendance
Yani Y. Panigoro - - Member 100% Chair 100% Member 100%
Yaser R. A. Panigoro - - Member 100% Member 100% Membe 100%
Marsillam Chair 100% Chair 100% Member 100% Chair 100%
Simandjuntak
Hilmi Panigoro - - - - Member 100% Member 100%
Roberto Lorato - - - - Member 100% Member 100%
Anthony R. Mathias - - - - Member 100% Member 100%
Amri Siahaan - - - - - - Member 100%
Ferry Sanjaya Independent 100% - - - - - -
Member
Hendry Independent 100% - - - - - -
Member
Cisca W. Alimin - - Member 100% - - - -
BOARD OF DIRECTORS
The BOD consists of five members, one of whom is President Director. The current BOD members were first appointed at the
EGMS on November 25, 2015, and were reappointed at the AGMS on June 25, 2020. The following is the composition of BOD
in 2023:
Position Name
President Director Hilmi Panigoro
Director & CEO Roberto Lorato
Director & CFO Anthony R. Mathias
Director & COO Ronald Gunawan
Director & CAO Amri Siahaan
Duties and Responsibilities of Each Director
Hilmi Panigoro, President Director
Following GCG guidelines, the President Director oversees all Company activities, encompassing development and operations.
In collaboration with the CEO, this leadership role ensures MedcoEnergi’s functioning, management, and control. This includes
implementing work plans and budgets, adhering to relevant laws and regulations, and upholding communication policies for
government and investor relations.
Roberto Lorato, Director and Chief Executive Officer
The Chief Executive Officer (CEO) manages all Company activities, including development and operations, with support
from other Directors who supervise MedcoEnergi’s management. Working closely with the President Director, the CEO plans,
manages, and oversees management supervision. This role also involves planning the work plan and budget and guaranteeing
compliance with applicable laws, regulations, and communication policies regarding government and investor relations.
The CEO’s responsibilities further extend to exploration, production, marketing, sales, occupational health and safety, social
and environmental programs, budget management, treasury, accounting, corporate finance, HR development, organization
and business processes, strategic planning, and business development. Additionally, the CEO ensures the development and
implementation of Sustainability & Risk Management policies and programs.
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Anthony R. Mathias, Director and Chief Financial Officer
The Chief Financial Officer (CFO) oversees and controls the Company’s work plan and budget. This role involves developing
policies and activities related to formulating and evaluating MedcoEnergi’s strategic plan and investment appraisals. Building
relationships with investors is another key responsibility. The CFO also determines, manages, and controls policies concerning
the Finance Directorate’s work plan and the Company budget. This leadership role encompasses treasury, accounting, tax,
financial management, and preparing financial reports. Furthermore, the CFO plans, manages, and controls work programs
and budgets, monitors performance, oversees MedcoEnergi’s treasury, accounting policies, financial reports, taxation, and
long-term financing policies.
Ronald Gunawan, Director and Chief Operating Officer
The Chief Operating Officer (COO) establishes, manages, and controls MedcoEnergi’s E&P operations and supporting
facilities. This role includes setting the plan for and managing the Oil & Gas assets. The COO also plans, manages, and
controls work plans and budgets for the Operations Directorate and evaluates its achievements. Developing policies
related to Operations, E&P, production, sales and marketing, and corporate social responsibility falls under the COO’s
purview.
Amri Siahaan, Director and Chief Administrative Officer
The Chief Administrative Officer (CAO)establishes, manages, and controls MedcoEnergi’s policies regarding human resources,
education and training, business processes, and corporate culture. This role includes planning, managing, and controlling the
work plan and budget for the Directorate of Administrative, which consists of sub-directorates for human resources, supply
chain management, relations and security, digital information technology, sustainability development, finance and the board
administration office. The CAO also evaluates the sub-directorates’ achievements and develops policies for workforce
planning, human resource development, and empowerment across all divisions within the Directorate of Administrative.
Additionally, the CAO is responsible for remuneration, industrial relations, developing management systems, and shaping
MedcoEnergi’s corporate culture.
BOD Charter
The charter was updated in 2014 and forms part of the GCG Guidelines and the Code of Ethics for the BOC and the BOD.
Meetings
In accordance with the Articles of Association and GCG Guidelines, the BOD is required to hold monthly meetings, to meet
quarterly with the BOC and to attend all GMS (General Meeting of Shareholders).
In 2023, there were twelve meetings of the BOD, five meetings of the BOD and the BOC, and one AGMS. All meetings were
held in a hybrid manner, with some Commissioners and Directors attending in person and some virtually.
Directors’ Attendance at Meetings
AGMS
Name BOD Meeting Meeting of BOD with BOC
May 31, 2023
Hilmi Panigoro 100% 100% Present
Roberto Lorato 100% 100% Present
Anthony R. Mathias 100% 100% Present
Ronald Gunawan 100% 100% Present
Amri Siahaan 100% 100% Present
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Governance
Competency Improvement
The Company requires each Director to improve their skills by following the orientation program provided for new Directors,
training in a particular field and becoming a member of a professional association related to the industry in which the Company
operates. The Company also views the participation of a director in providing training to practitioners or students as a form of
competency improvement.
Name Training in 2023
Hilmi Panigoro · Attended and presented at Bank Mandiri Forum, Jakarta, January 23, 2023
· Attended and presented at BSI - Global Islamic Finance, Jakarta, February 15, 2023
· Attended and presented at ITB Geothermal Workshop, Bandung, 6 June 2023
· Attended and presented at EBTKE, Jakarta, July 12, 2023
· Participant at the Opening Ceremony of Indonesia Petroleum Association Convention & Exhibition in Ice BSD City,
Indonesia, on July 25, 2023
· Attended and presented at Sustainability Forum, September 11, 2023
· Attended and presented at IAGI, Jakarta, September 24, 2023
· Attended and presented at HUT Tripatra Conferences, Jakarta, October 13, 2023
· Participant at SIEW (Singapore International Energy Week), Singapore, October 23, 2023
· Attended and presented at Permata Bank - Economic outlook, Jakarta November 7, 2023
· Attended and presented at the Pavilion Indonesia Talk Show “Increasing Ambitions in Renewable Energy Targets for
NDC Acceleration”, the Conference of Party of the UNFCCC, Dubai, December 30, 2023
Roberto Lorato · Attended and presented at the Asia Pacific (APAC) Energy Capital Assembly, Energy Council, Singapore, June 6-7,
2023.
· Participated the Indonesia Petroleum Association Convention & Exhibition in Ice BSD City, Indonesia, on July 25,
2023
· Attended and presented at the Asia Pacific Petroleum Conference (APPEC), S&P Global, Singapore, September 4,
2023
· Attended the Gastech Conference & Exhibition sessions and participated in the Gastech Leadership Roundtable
discussion on 'Hydrogen: Unlocking the Off-takers and Market Signals Needed to Secure Demand' at Gastech,
Singapore, September 5-8, 2023, convened by dmgevents and Wood Mackenzie.
· Attended and presented at the 4th International Convention on Indonesia Upstream Oil & Gas 2023, SKK Migas, Bali,
September 20, 2023
Anthony R. · Attended Mandiri Investment Forum 2023, Jakarta, January 31, 2023
Mathias · Attended BCP Securities Third Annual Oil & Gas Conference, February 14, 2023
· Attended UBS Indonesia Hybrid Corporate Day 2023, April 6, 2023
· Attended CGS - CIMB Regional Energy Day 2023, July 5, 2023
· Attended BCP Securities Annual Oil and Gas Conference, December 5, 2023
Ronald Gunawan · Attended and presented at FGD – Indonesian Strategic Talk: Implications of Rising Energy Commodity Prices for the
Geoscience, Energy & Development Sectors, Bandung, June 17, 2023
· Participant at the Energy Asia 2023 – Charting Pathways for a Sustainable Future, Kuala Lumpur, June 26-28, 2023
· Participated the Indonesia Petroleum Association Convention & Exhibition in Ice BSD City, Indonesia, 25 July 2023
· Attended and presented at Towards A Sustainable Future-Designing, Executing, and Maintaining Safe and Reliable
Facilities in the Energy Transition, Yogyakarta, August 29 – 31, 2023
· Attended Gastech, DMG Events, Singapore, September 5-8, 2023
· Attended and presented at the 4th International Convention on Indonesian Upstream Oil and Gas 2023, Bali,
September 20-22 2023
Amri Siahaan · Attended at the Energi Baru Terbarukan dan Konservasi Energi Convention & Exhibition 2023/ESDM, Indonesia
Convention Exhibition-BSD, Serpong-Tangsel, July 12-14, 2023
· Participated the Indonesia Petroleum Association Convention & Exhibition in Ice BSD City, Indonesia, on July 25-27,
2023
· Attended and presented at a MedcoEnergi Stand Talk Show at Gastech, Singapore, September 5-8, 2023
· Attended the 4th International Convention on Indonesia Upstream Oil & Gas, Bali Nusa Dua Convention Center-Nusa
Dua, Bali, September 20-22, 2023
· Attended at Singapore International Energy Week, Singapore, October 23-27, 2023
· Attended and presented at Forum Kapasitas Nasional 2023/SKK Migas, Jakarta Convention Center, November 23-
24, 2023
· Attended and presented at the Pavilion Indonesia Talk Show titled “Transforming the Nation to Renewable”, the
Conference of Party of the UNFCCC, Dubai, December 30, 2023
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Supporting the Board of Directors
MedcoEnergi fosters a collaborative environment to ensure the BOD has the necessary resources to fulfill its oversight
responsibilities. While the BOD doesn’t utilize formal standing committees, a robust support structure is in place:
1. Dedicated Teams: Each BOD member benefits from a dedicated support team, enabling efficient and structured
information flow.
2. Regular Communication: Weekly meetings occur within individual support teams and across the BOD, Business Unit
Directors, Senior Vice Presidents, and Vice Presidents. These sessions facilitate in-depth discussions on company
operations, fostering informed decision-making.
This dynamic approach empowers the BOD to stay abreast of critical issues and provide effective strategic guidance for
MedcoEnergi’s continued success.
Nomination and Remuneration of the BOD and BOC
In accordance with the Company’s Articles of Association, nominations to the BOD and BOC and proposals for the remuneration
of Commissioners and Directors must be submitted at the AGMS or at an EGMS for approval by the shareholders. The BOC
is assisted by the Nomination & Remuneration Committee in nominating candidates for the BOD and BOC and in proposing
remuneration for each member of the BOD and BOC.
Nomination Process
The nomination process for members of the BOD and BOC of the Company is carried out by considering the following
requirements:
a. The candidate must be of good character, morals, and integrity;
b. The candidate must be capable of complying with laws and regulations;
c. Within five years prior to the appointment and while serving, the candidate:
1. has never been declared bankrupt;
2. has never been a member of a BOD and/or BOC that was found guilty of causing a company to be declared bankrupt;
3. has never been convicted of a criminal act detrimental to state finances and/or related to the financial sector;
4. has never been a member of a BOD and/or BOC which during his or her tenure:
i. did not hold an AGMS;
ii. had its report to the GMS rejected by the GMS and/or did not provide accountability to the GMS; and
iii. caused a company that obtained a permit, approval or registration from the OJK to fail to fulfill the obligation to
submit an annual report and/or financial report to the OJK.
d. The candidate must be committed to complying with laws and regulations;
e. The candidate must have knowledge and/or expertise in Copper and Gold Mining, Oil & Gas production and finance.
After interviews and input from other parties, candidates for the BOD and/or BOC will be evaluated by the Nomination &
Remuneration Committee, which will then provide recommendations to the BOC for the appointment of the candidate at a
GMS.
Proposing and Approving Remuneration
Proposals for remuneration of members of the BOD and BOC are prepared by the Nomination & Remuneration Committee.
They are then put forward by the BOC at the AGMS and approved by shareholders.
1. Determining Remuneration
In determining the remuneration of each member of the BOD and BOC, the Nomination & Remuneration Committee
considers annual performance, scope of work, duties and responsibilities and best practices in the industry.
2. Remuneration Structure
The remuneration of the BOD and BOC consists of salary, allowances and performance incentives/bonuses. Performance
incentives/bonuses are given to members of the BOD and BOC in the form of cash and Company shares under the Share
Ownership Program to Management (MSAP).
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Governance
The MSAP scheme was introduced in order to encourage the members of the BOD and BOC to achieve and sustain long
term profitable financial performance. However, Company shares are not given to Independent Commissioners; this is to
maintain their independence.
3. Amount of Remuneration
At the AGMS on May 31, 2023, shareholders approved the salaries and allowances for members of the BOD and BOC for
2022 (including taxes), effective from January 1, 2023 to December 31, 2023, with an aggregate maximum amount of
US$25.7 million, including payment in the form of stock share of the Company in the total of 15,278,990 shares.
The Company paid an aggregate actual remuneration of US$25.6 million in 2023 to the BOD and BOC, including payments
in the form of 15,613,100 of the Company’s shares.
GOOD CORPORATE GOVERNANCE COMMITTEE
In 2014, in accordance with the GCG Committee Charter signed by the BOC on February 5, 2014, the BOC established the
GCG Committee. The Committee provides the BOC with assistance in supervising, monitoring, and ensuring consistent
implementation of GCG and corporate values practices at all levels of MedcoEnergi.
Duties and Responsibilities of the GCG Committee
As outlined in the Charter, the GCG Committee has the following key responsibilities and duties:
1. Reviewing and evaluating the GCG principles and standards to be implemented in the MedcoEnergi Group;
2. Periodically reviewing GCG policies set by the BOD to ensure they are in line with GCG principles and recommending
adjustments, amendments and improvements as required;
3. Evaluating any potential conflict of interest or any other potential violation within the BOD of the MedcoEnergi Group and
recommending any action to be taken;
4. Reviewing the BOD’s annual report on the implementation of GCG practices;
5. Promoting consistent implementation of GCG practices, with Committee members acting as role models for the
MedcoEnergi Group.
Membership Structure
The BOC decides the membership of the GCG Committee. The Committee must comprise at least five members, three
of whom must be members of the BOC and two of the BOD. An Independent Commissioner is responsible for chairing the
Committee. Based on BOC Resolution of November 1, 2017 concerning MedcoEnergi’s Organizational Chart, as modified by
BOC Memo of October 26, 2021 on New Corporate Boards and the Committee Organizational Chart, the composition of the
GCG Committee is as follows:
Position Name
Chair Marsillam Simandjuntak – Independent Commissioner
Member Yani Y. Panigoro – Commissioner
Member Yaser R. A. Panigoro – Commissioner
Member Hilmi Panigoro – President Director
Member Roberto Lorato – CEO
Member Anthony R. Mathias – CFO
Member Amri Siahaan – CAO
Secretary Ronny Siahaan – Senior Manager Audit and Integrity Compliance
Implementation of Duties and Responsibilities
The GCG Committee plays a critical role in upholding MedcoEnergi’s high standards of corporate governance and compliance.
On December 18, 2023, the Committee convened its annual meeting to assess the effectiveness of various initiatives:
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1. Governance Assurance Framework: The Committee reviewed the ongoing efficacy of the Governance Assurance
Framework, ensuring its continued effectiveness in maintaining strong corporate governance practices throughout the
organization.
2. Anti-Bribery Management System: The Committee evaluated the implementation and adherence to international
standards for anti-bribery management systems, as outlined by ISO 37001:2016.
3. GRI Standards Compliance: The Committee assessed the Company’s progress in implementing the Global Reporting
Initiative Standard for Governance (GRI 205 on Anti-Corruption).
4. Stakeholder Collaboration: The Committee evaluated the effectiveness of collective action initiatives undertaken
with various stakeholders, including professional associations and local communities, to promote and implement anti-
corruption measures.
5. Whistleblowing Management System (WMS) Enhancement: Looking towards 2024, the Committee established a
plan to align the WMS with the international standard ISO 37002:2021, further strengthening its effectiveness.
6. Sanctions Compliance and Anti-Money Laundering (AML) Program: The Committee appraised the Company’s
existing corporate program for sanctions compliance and AML prevention measures.
The 2023 GCG Committee meeting attendance was as follows:
Name Number of Meetings Meetings Attended Percentage Reason for Absence
Marsillam Simandjuntak 1 1 100% –
Yani Y. Panigoro 1 1 100% –
Yaser R. A. Panigoro 1 1 100% –
Hilmi Panigoro 1 1* 100% Overseas Business Travel
Roberto Lorato 1 1 100% –
Anthony R. Mathias 1 1 100% –
Amri Siahaan 1 1 100% –
Ronny Siahaan 1 1 100% _
* Delegated to another member of the committee.
AUDIT COMMITTEE
The Audit Committee takes the lead in assisting the BOC in fulfilling its responsibilities to oversee business ethics, financial
reporting, risk management, internal control, management of internal and external auditors, and to ensure compliance with
prevailing laws and regulations.
Membership Structure
The Audit Committee consists of three members, including one Independent Commissioner and two non-Commissioner
members appointed from outside the Company.
On August 29, 2022, based on BOC Resolution No. RESO-045/MGT/MEDC/VIII/2022, Hendry and Ferry Sanjaya were
reappointed as members of the Audit Committee for a period of three (3) years beginning July 1, 2022. Effective November
4, 2022, based on BOC Resolution No. RESO-051/MGT/MEDC/XI/2022, Marsillam Simandjuntak took on the role of Chair of
the Audit Committee.
November 4, 2022–December 31, 2023
From November 4, 2022 to the present, the composition of the Company’s Audit Committee is as follows:
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Position Name
Chair Marsillam Simandjuntak (Independent Commissioner)
Member Ferry Sanjaya
Member Hendry
Secretary Ronny Siahaan (Senior Manager Audit and Integrity Compliance)
Profiles of Audit Committee Members
Ferry Sanjaya, an Indonesian citizen, was born in Lebak on February 17, 1971, and holds a bachelor’s degree in accounting
from STIE Jayakarta (1994). He also serves as a member of the Audit Committee of PT Medco Power Indonesia, as CEO of
PT Indonesia Hijau Dwidaya and as Finance Director of PT Indonesia Hijau Papan.
Hendry, an Indonesian citizen, was born in Jakarta on December 8, 1978. He holds a bachelor’s degree in accounting from
Atma Jaya Catholic University, Indonesian licenses Ak, CA and CPA, and the AP from the Ministry of Finance. He is currently
a member of the Audit Committee of PT Medco Power Indonesia and is Managing Partner and Assurance Leader at KAP
Hendry, Ferdy & Rekan.
For a profile of Ronny Siahaan please see the Internal Audit section of Chapter 6 page 112. For a profile of Marsillam Simandjuntak
please see Chapter 4 page 57.
Independence of the Audit Committee
All members of the Audit Committee are independent and have no affiliate relationships with members of the BOC or BOD
that might affect their ability to perform independently.
Audit Committee Training and Competency Development in 2023
Member Training and Competency Development Date
Ferry Sanjaya Jurnal Fintax 101 Webinar Series 27.0: February 23, 2023
How you manage product and inventory management practically?
Jurnal Fintax 101 Webinar Series 29.0: April 27, 2023
Get to know the balance scorecard and its 4 perspectives.
Jurnal Fintax 101. Webiner Series 32.0 Profit and Loss analysis with AI (Artificial Intelligence) July 27, 2023
feature system.
Ikatan Komite Audit Indonesia (IKAI) 2023 National Conference: Overseeing the sustainability October 19, 2023
and growth of the company through monitoring ad controlling risks.
Hendry Institute of Public Accountant Indonesia (IAPI) open discussion and brainstorming on Jan 13, 2023
development public accountant firm in the future.
Advanced professional education organized by the OJK for the capital sector: Accounting May 11, 2023.
and Audit Aspects from Implementation Statement of Financial Accounting Standard No. 71
“Financial Instrument” on leasing companies.
Advanced professional education organized by the OJK for the capital sector: July 28, 2023
Accounting and Audit Considerations and Capital Market Regulations in Merger and
Acquisition Process.
Advanced professional education mandatory for public accountants PPPK 2023- batch 3. July 29, 2023
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Member Training and Competency Development Date
Advanced professional education for advisory, mandatory for public accountant batch August 15, 2023
8: Sharing Audit Finding in auditing Public Accountant Firm by Pusat Pembinaan Profesi
Keuangan (PPPK) and the Risk Mitigation.
Workshop of Statement of Financial Accounting Standard No. 72 and its Audit Aspect. November 16, 2023
Perception “Reflection of the Profession of Accountant Public in year 2023 and preparation November 17, 2023
in auditing the campaign fund for general election year 2024”.
Rights of the Audit Committee
To carry out its duties, the Audit Committee has full access to all assets, personnel data, documents, facilities and funding
documents relevant to MedcoEnergi. The Audit Committee carries out its duties by working closely with the Corporate Audit
and Integrity Compliance Division and with the approval of the BOC. The Audit Committee has the right to appoint a third
party to assist in the performance of its duties.
Audit Committee Meetings
The Audit Committee conducts regular meetings at least once per quarter and may hold additional meetings as it deems
necessary.
In 2023, the Audit Committee reviewed the quarterly and annual financial statements and provided assurance to the BOC that
the financial statements were in accordance with Indonesia’s Financial Accounting Standards and OJK requirements. On the
recommendation of the Audit Committee, the BOC approved the consolidated 2022 financial statements and their disclosure.
Attendance of Audit Committee Members at Quarterly Meetings: January 1–June 30, 2023
Name Number of Meetings Meetings Attended Percentage
Marsillam Simanjuntak 2 2 100%
Ferry Sanjaya 2 2 100%
Hendry 2 2 100%
Ronny Siahaan 2 2 100%
Attendance of Audit Committee Members at Quarterly Meetings: July 1–December 31, 2023
Name Number of Meetings Meetings Attended Percentage
Marsillam Simanjuntak 2 2 100%
Ferry Sanjaya 2 2 100%
Hendry 2 2 100%
Ronny Siahaan 2 2 100%
Duties and Responsibilities of the Audit Committee
The Audit Committee’s duties and responsibilities include but are not limited to:
1. Reviewing and assessing the adequacy of audits undertaken by external auditors and giving its opinion on the audit
results of the Company’s financial statements;
2. Recommending the appointment of an external auditor;
3. Evaluating the performance, competence, independence and objectivity of the internal and external auditors;
4. Reviewing internal audit plans, reports and significant findings;
5. Reviewing Company’s risk management to ensure adequacy of processes to identify and mitigate financial and business
risks;
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6. Reviewing internal control systems to ensure they are effective;
7. Reviewing compliance with the Company’s Code of Conduct, manual on conflicts of interest, and policies and procedures
including the effectiveness of fraud risk management;
8. Reviewing the Company’s compliance with laws and regulations pertaining to the capital market, among others.
NOMINATION & REMUNERATION COMMITTEE
The Nomination & Remuneration Committee was reestablished at the BOC meeting on January 13, 2016 in accordance with
OJK Regulation No. 34/POJK.04/2014 (“OJK Regulation No. 34/2014”). In accordance with the decision of the BOC dated May
18, 2016, the BOC formulated and approved guidelines, in line with OJK Regulations, stipulating the roles and responsibilities
of Committee members, the composition and structure of the membership and the work systems and procedures of the
Committee.
Membership Structure
According to OJK Regulation No. 34/2014 and Committee guidelines, the appointment and dismissal of Committee members
must be made by a decision taken at a BOC meeting.
The Committee must comprise at least three people, including an Independent Commissioner, a commissioner and an officer
from the Board Administration Office. The Committee chair must be an Independent Commissioner and the Committee
Secretary must be an officer from the Board Administration Office. The period of appointment of members of the Committee
may not be longer than the period of appointment of members of the BOC, but each member may be reelected.
Composition of the Committee based on BOC Decision dated October 12, 2020 and reinstated by the BOC and BOD Decision
dated March 2, 2023, effective December 20, 2022:
Name Title Independence
Marsillam Simandjuntak – Independent Commissioner Chair Independent
Yani Y. Panigoro – Commissioner Member Affiliate
Yaser R. A. Panigoro – Commissioner Member Affiliate
Cisca W. Alimin – Senior Manager, Board Administration Office Member and Secretary Independent
All members of the Committee were initially appointed in 2016 for the same term of office as the Commissioners.
Curriculum Vitae
The curriculum vitae of the Chair and each member of the Committee who is also a commissioner can be found on in Chapter
4, page 57. A curriculum vitae for the member of the Committee who is not a member of the BOC follows.
Cisca W. Alimin, Member and Secretary
Indonesian citizen, 54 years old, earned a Bachelor of Science in Business Administration from the University of Indianapolis
in 1992 and obtained a Corporate Secretary Certificate (Intensive Course Batch XII) from the Management Institute of the
Faculty of Economics, University of Indonesia and the Indonesian Capital Market Foundation in 2001. She rejoined the Company
on November 25, 2015 and served as Senior Manager of the Board Administration Office and Commissioners of PT Exspan
Petrogas Intranusa and PT Satria Raksa Buminusa. She previously served as Corporate Secretary (2007–2012), Compliance
Lead (2005–2007), Section Head of Compliance (2000–2005), Section Head in Investor Relations (1998–2000) and Office
Supervisor (1995–1998). Prior to joining the Company, she worked at PT Trisaka Adireksa as Assistant Executive (1994) and
Mobil Oil Indonesia Inc. (1993).
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Training
In 2023, the Nomination & Remuneration Committee actively pursued professional development opportunities to enhance its
members’ knowledge and competencies in the area of executive compensation. These initiatives included:
1. Benchmarking Study: A comprehensive study was conducted to benchmark the remuneration packages of MedcoEnergi’s
BOC and BOD against those of comparable companies within the industry and size range.
2. Remuneration Committee Webinar: Committee members participated in a specialized webinar on remuneration
practices, hosted by Willis Towers Watson on June 25, 2023.
3. Board Succession Workshop: The Committee attended a workshop titled “Strengthening the Board’s Succession: A
Framework for Board Performance & Evaluation,” held by the Indonesia Corporate Secretary Association on June 27,
2023. This workshop focused on best practices for board succession planning and evaluation.
Duties and Responsibilities
As stipulated in OJK Regulation No. 34/2014 and adopted in the Committee Guidelines, the Nomination & Remuneration
Committee must carry out its duties independently and is accountable to the BOC.
Regarding nominations, the Committee’s functions are:
1. Providing recommendations to the BOC on the composition of the BOC and BOD, the criteria for the nomination process
and the performance evaluation of each Commissioner and Director.
2. Assisting the BOC in evaluating the performance of each Commissioner and Director against their respective key
performance indicators.
3. Developing and recommending to the BOC a competency development program for each Commissioner and Director; and
4. Proposing appropriate candidates for the BOC and/or BOD to be submitted to the GMS.
Regarding remuneration, the Committee’s functions are:
1. Providing recommendations to the BOC regarding the structure, policies and amount of remuneration.
2. Assisting the BOC in carrying out performance evaluations and adjustments to the remuneration of each Commissioner
and Director.
Meetings
The Nomination & Remuneration Committee held two meetings in 2023: May 15, 2023, and January 19, 2023.
May 15, 2023 – Agenda January 19, 2023 – Agenda
Name Review the results of Attendance
2023 remuneration budget
remuneration benchmark
Marsillam Simandjuntak Present Present 100%
Chair
Yani Y. Panigoro Present Present 100%
Member
Yaser R. A. Panigoro Present Present 100%
Member
Cisca W. Alimin Present Present 100%
Member and Secretary
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2023 Activities
During 2023, the Committee carried out its functions in full as stipulated in the Committee Charter approved by the BOC on
May 18, 2016.
Implementation of the Remuneration Function
On May 15, 2023, the Committee conducted a comprehensive review of the BOC and BOD performance against the 2022
team performance contracts and key performance indicators (KPIs). The Committee also evaluated the Company’s 2023
plans outlined in the 2023 team performance contracts and KPIs.
Recognizing the BOC’s and BOD’s significant contributions to the Company’s outstanding performance in 2022, the
Committee approved a higher remuneration budget for 2023, reflecting the broader responsibilities entrusted to the Boards.
In a separate meeting on January 19, 2023, the Committee reviewed remuneration benchmark data for comparable companies
within the industry and size range.
Implementation of the Nomination Function
During the meeting on May 15, 2023 meeting, the Committee reviewed potential candidates for the independent commissioner
position vacated due to the passing of Mr. Bambang Subianto. However, since the existing BOC composition already meets
the requirements stipulated by the OJK Regulation, the Committee did not propose any candidates at this stage.
SUSTAINABILITY AND RISK MANAGEMENT
The Corporate Sustainability & Risk Management Division under the CEO’s office is responsible for developing and
implementing the infrastructure for the Company’s Sustainability and Enterprise Risk Management Framework, including
Climate Change Strategy and Energy Transition. In addition, the Sustainability & Risk Management Committee, whose
members are Commissioners and Directors, set the agenda and make recommendations for the Company’s risk management
in order to ensure the sustainability of the Company.
MedcoEnergi prioritizes proactive risk management through a robust Enterprise Risk Management Framework. This framework
aligns with the international standard ISO 31000:2018, ensuring a comprehensive and systematic approach to identifying,
assessing, mitigating, and monitoring potential risks. It encompasses a wide range of risks that could impact the Company,
including: strategy execution, financial performance, operations, information technology security, Environmental, Social, and
Governance (ESG) factors.
Additionally, the framework considers risks associated with third-party stakeholders, such as suppliers and contractors. It
provides clear and structured guidance to both the BOC and the BOD for effective risk management and reporting. It also
establishes a process for regular monitoring, ensuring ongoing evaluation and adaptation of risk mitigation strategies.
MedcoEnergi is continuing to improve and strengthen its organizational sustainability and risk management capability. Regular
training, workshops, focus group discussions and awareness campaigns are conducted with the risk owners. These are aimed
at ensuring all risks are identified and that appropriate mitigation strategies are developed and implemented.
The Company strives to manage and mitigate risks and regularly monitors the effectiveness of its risk control. MedcoEnergi
does not tolerate lapses in compliance, particularly in the areas of health, safety, environment, risk to communities, regulatory
compliance and security.
Key Risk Factors
MedcoEnergi assesses risks regularly, with changes in both internal and external circumstances scrutinized for possible effects.
In 2023, the following key risk factors were assessed:
a. Climate-related risks and transition to a low carbon economy.
b. Commodity price exposure.
c. Access to natural resources, including renewal of expiring contracts.
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d. Subsurface risks, exploration and addition of reserves.
e. Delivery of major projects.
f. Operational risks, including process safety, personal safety, risks to communities and environmental risks.
g. Health risks, especially focusing on employees’ and contractors’ fitness to work. In May 2023, the World Health Organization
declared that COVID-19 was no longer an international public health emergency, and the Government of Indonesia
announced a change to endemic status in June 2023.
h. Political and fiscal risks in countries in which MedcoEnergi operates, including regulatory and legislative changes, risks
related to the environment and potential increases in the cost of compliance.
i. Organizational capability.
j. Governance risks (bribery and violations of business ethics).
k. Cybersecurity.
l. Financial liquidity and access to capital.
Insurance Cover for Company Assets
MedcoEnergi has sufficient insurance cover to protect its assets and to support operational activities. Insurance packages
are reviewed at least annually to ensure they are fit for purpose and are cost efficient. Currently, the Company has insurance
policies for property, general cargo, rigs, hulls, machinery, motor vehicles and airports. It also has employee insurance and
standard general liability insurance for energy companies.
Business Continuity
MedcoEnergi has a business continuity plan that aligns with ISO 22301:2019, international standard on managing business
continuity. The plan ensures the continuity of critical business functions and assets in the event of disruption. It includes a
disaster recovery plan aimed at restoring all MedcoEnergi critical systems and data in the event of an event affecting the data
center. A disaster recovery exercise is conducted annually to validate the recovery procedures and test the Company’s ability
to restore all critical systems and data.
SUSTAINABILITY AND RISK MANAGEMENT COMMITTEE
The Sustainability and Risk Management Committee provides advice and support to the BOC on its oversight of the Company’s
sustainability strategy and programs. It also provides advice and support on group-level risk management and practices for
the Company and its subsidiaries.
Duties and Responsibilities
The Committee’s duties and responsibilities are:
a. Issuing directives to align sustainability and risk management with the Company’s strategy and formally authorizing
changes to the Company’s sustainability and risk policies;
b. Ensuring that an effective risk management system is in place to mitigate risks to the sustainable growth of the Company;
c. Reviewing and providing recommendations on key business and operational risks, sustainability programs and key
indicators.
Composition of the Sustainability and Risk Management Committee as of December 31, 2023
Position Name
Chair Yani Y. Panigoro – Commissioner
Member Marsillam Simandjuntak – Independent Commissioner
Member Yaser R. A. Panigoro – Commissioner
Member Hilmi Panigoro – President Director
Member Roberto Lorato – CEO
Member Anthony R. Mathias – CFO
Secretary Firman Dharmawan – Senior Manager Corporate Sustainability & Risk Management
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Meetings of the Sustainability and Risk Management Committee
The Committee members meet as necessary to fulfill their duties and responsibilities. The Committee documents and
maintains records of its proceedings. In 2023, the Committee convened three meetings, and discussed, among other items,
risks related to business activities of the Company, including acquisitions, divestments and financing. It also reviewed the
implementation and effectiveness of the Enterprise Risk Management Framework, the Sustainability Strategy and the
implementation of specific sustainability programs, which include risks and strategy related to climate change.
Name Number of Meetings Meetings Attended Percentage
Yani Y. Panigoro 3 3 100%
Marsillam Simandjuntak 3 3 100%
Yaser R. A. Panigoro 3 3 100%
Hilmi Panigoro 3 3 100%
Roberto Lorato 3 3 100%
Anthony R. Mathias 3 3* 100%
Firman Dharmawan 3 3 100%
* 1 meeting delegated to another member of the committee.
MEDCOENERGI CODE OF CONDUCT
MedcoEnergi is committed to upholding the highest ethical standards in all aspect of our operations. Our business practices
are guided by our Code of Conduct (“Our Code”) principles which govern how MedcoEnergi’s Board of Commissioners, Board
of Directors and employees conduct their duties and responsibilities and behave in accordance with ethical practices.
Content of Code of Conduct
The Code of Conduct contains the basic principles of our commitment and responsibilities, protecting our employees and
workplace, our Company’s interest and assets, respecting our stakeholders and obeying the applicable laws and regulations.
MedcoEnergi Code of Conduct: “Know the Code, Know the Commitment”
Our slogan “Know the Code, Know the Commitment” was introduced in 2020 so that our BOC, BOD, employees and all
stakeholders could embrace the commitments expected of them when working for MedcoEnergi. The Company expects that
the highest ethical standards be applied in all MedcoEnergi businesses and in every decision made for and on behalf of the
Company.
Our Code is user-friendly and is written in plain language for ease of understanding for Directors, Commissioners, employees
and stakeholders from all backgrounds. It defines the Company’s business practices, expectations and standards based on
international laws and best practices. Our Code also provides a point of contact for further information and concerns.
All MedcoEnergi personnel are required to read, understand, and adhere to Our Code. This commitment is further solidified
through the annual signing of the “Statement of Adherence to the Code of Conduct.”
Our Code is a comprehensive document applicable to all stakeholders, including the Board of Commissioners, Board of
Directors, employees, affiliates, business partners, and guests of MedcoEnergi. It transcends geographical boundaries,
ensuring consistent ethical practices across all our operations.
An educational campaign to communicate and provide awareness on the Code of Conduct was conducted in combination with
other training on business and compliance risks, such as:
1. Identifying and detecting conflicts of interest, including relationship and financial interests.
2. Protecting the Company’s data and information.
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3. Working with internal and external stakeholders to prevent corruption.
4. Initiating and developing the Sanction Compliance Program.
5. Supporting the Company to develop its ethical culture, through understanding of the MedcoEnergi Code of Conduct, and
develop awareness of the Code of Conduct through the Ethics Liaison Officer in Corporate and E&P, and the Compliance
Champion in Power.
Strengthening Supplier Partnerships: MedcoEnergi Code of Supplier
Reinforcing our commitment to ethical and sustainable business practices, MedcoEnergi implemented the MedcoEnergi Code
of Supplier on December 26, 2022. This code outlines the expectations we hold for all our vendors, encompassing suppliers of
services, equipment, materials, and other goods, along with agents, consultants, contractors, subcontractors, and consortiums.
By adhering to this code, our suppliers play a vital role in supporting our commitment to maintaining business continuity and
building trust with all stakeholders.
CORPORATE SECRETARY
In accordance with POJK No. 35/2014, the Company appointed Siendy K. Wisandana as Corporate Secretary based on
the Corporate Memo regarding Corporate Secretary No. INT-1520/TAL/MEDC/XII/2016 dated December 28, 2016. The
appointment was effective from December 28, 2016.
Corporate Secretary Information
Name : Siendy K. Wisandana
Telephone : +62-21 2995 3000
Fax. : +62-21 2995 3001
E-mail : corporate.secretary@medcoenergi.com
Address : The Energy Building, Floors 53–55, SCBD Lot 11A Jalan Jend. Sudirman Kav. 52–53, South Jakarta 12190
Siendy K. Wisandana is an Indonesian citizen born in 1969. She joined the Company in January 2003 and currently serves as
VP Corporate Legal and Corporate Secretary. She worked at Hanafiah Soeharto Ponggawa (March to October 1991), after
which she moved to Hadiputranto, Hadinoto & Partners, prior to join MedcoEnergi. She earned a law degree from Parahyangan
Catholic University in 1991.
The duties of the Corporate Secretary include:
1. Keeping abreast of developments in capital market rules, especially regulations of the Financial Services Authority (OJK).
2. Providing input to the BOD and BOC on legal matters, particularly compliance on laws and regulations relating to capital
markets.
3. Assisting the BOD and BOC in implementing corporate governance by: (i) disclosing information to the public on the
website and through press releases; (ii) submitting reports to the OJK and Indonesia Stock Exchange (IDX) in a timely
manner; (iii) preparing and organizing the convening of annual and extraordinary general meetings; (iv) organizing and
documenting meetings of the BOD and/or BOC to the extent that they relate to legal matters; and (v) implementing an
orientation program on Company Law, Capital Market Law, and/or other laws and regulations which are relevant for the
affairs of our Directors and Commissioners.
4. Acting as liaison between the Company and the shareholders, the OJK, IDX and other stakeholders.
Selected training undertaken and events attended by the Corporate Secretary:
Date and Venue Event Organizer
January 19, 2023 ESG Strategy and Rating seminar with the theme "Unlocking Opportunities Through ESG Rating IDX
Improvements".
February 7, 2023 Webinar on Rule of OJK on Guidelines to Implement Offerings Classified as Non-Public Offerings AHP, Zoom Video
pursuant to Circular Letter No. 33/SEOJK.04/2022 on Guidelines for Implementing Securities Conference
Offerings Classified as a Non-Public Offering.
February 27, 2023 Hearing on the Concept of Indonesia Stock Exchange Regulation Number I-I concerning Stock Splits IDX
and Stock Mergers by Listed Companies that Issue Equity Securities.
March 16, 2023 ESG Leadership Training Series 1: ESG integration for listed companies. IDX
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Date and Venue Event Organizer
March 21, 2023 Coaching Clinic SDG 16 Business Framework: Inspiring Transformational Governance. IDX
March 21, 2023 Law No. 4 of 2023 on Financial Sector Development and Reinforcement and The Changing Landscape AHP, Zoom Video
of Indonesia’s Capital Market Sector. Conference
April 17, 2023 New KPPU Case Handling Procedure May Allow Dismissal of Anti-Competition Investigation Based on AHP, Zoom Video
Change of Behaviour. Conference
May 17, 2023 KPPU’S New Guidelines Use Data and Quantitative Approach to Enforce Antitrust Measures. AHP, Zoom Video
Conference
June 26, 2023 Socialization of Indonesia Stock Exchange Regulation Number I-L, I-X, and II-X. IDX
July 24, 2023 The Introduction of the Watchlist Board the Indonesia Stock Exchange (“IDX”) through the issuance AHP, Zoom Video
of the Board of Directors of the IDX Decree No. Kep-00081/BEI/05-2023 on Regulation No. I-X on Conference
the Placement of Equity Securities Listing on the Watchlist Board (“Decree”) to introduce a new listing
board, namely the Watchlist Board, to the public.
August 08, 2023 Conference “Catalyzing Green and Sustainable Finance Through Capital Markets and Other Innovative OJK
Solutions”.
August 22, 2023 Webinar Compliance Refreshment issuer and Public Company. OJK, Zoom Video
Conference
August 30, 2023 Webinar on Obligation to park 30% of the Export Proceeds by Exporters of natural resources. HHP, Zoom Video
Conference
Sept 05, 2023 Webinar on New OJK Rule on carbon trading on carbon exchange pursuant to Rule of OJK No. 14 of HHP, Zoom Video
2023 on Carbon Trading on Carbon Exchange ("OJK Rule 14/2023"). Conference
Oct 04, 2023 Webinar on Updates on Singapore International Arbitration Centre (SIAC) Rules HHP, Zoom Video
Conference
Oct 06, 2023 Webinar "Explanation of Exchange Regulation No. "I-A 2021 Regarding Free Float Provisions and Use of IDX and AEI
Form E009 in the IDXnet SPE Reporting System."
November 27, Socialization of OJK Regulations Number 9 of 2023. OJK
2023
Dec 05, 2023 Kaleidoscope of Competition Law in Indonesia 2023. AHP, Zoom Video
Conference
Dec 06, 2023 Webinar on the Impact of MoF 66/2023 on Benefits-in-Kind: Tax and Employment Law Perspectives. HHP, Zoom Video
Conference
CORPORATE AUDIT AND INTEGRITY COMPLIANCE
The Senior Manager for Corporate Audit and Integrity Compliance reports directly to the CEO and is responsible for the
internal audit of MedcoEnergi and its subsidiaries, evaluating the effectiveness of governance, risk management, internal
control and ethics compliance within MedcoEnergi and subsidiaries.
Following the Corridor integration in July 2022, the Corporate Audit and Integrity Compliance Division was restructured to
enhance its capabilities. The division now comprises the following departments: Ethics and Compliance Offshore and General;
Ethics and Compliance Corridor and Onshore; General Audit; Integrity Compliance; and A&IC Excellence. These departments
work collaboratively to support corporate strategy, strengthen organizational capabilities, and contribute to the overall
effectiveness of the Internal Audit function.
Head of Corporate Audit and Integrity Compliance Division
Ronny Siahaan has served as Senior Manager for Corporate Audit and Integrity Compliance since September 1, 2018. He
brings extensive experience to this role, having joined MedcoEnergi in 2012. Previously, he held positions within the Company
such as Sr. Manager of Finance Control and Government Audit (2012-2014) and Sr. Manager of Internal Audit for Medco E&P
Indonesia (2014-2017). His complete work experiences and qualifications are below.
1. Work experience
• 2009-2012: Finance Control and Accounting Manager, Pertamina Hulu Energi Offshore North West Java.
• 2008-2009: Java Controller, BP West Java.
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• 2005-2008: Tangguh Integrated Social Program Manager, BP Berau.
• 2001-2005: Shared Services Controller, BP Upstream Indonesia.
• 1999-2001: Finance Manager, BP Petrochemical and Downstream.
• 1996-1999: Commercial Controller, Philips Ralin Electronics.
• 1994-1996 : Accounting Head, OAF Finance.
2. Qualifications
CMA, ERMCP, PECB Certified ISO37001 LA., PECB Certified ISO37001 LI., API., CfrA.
Demonstrating a commitment to continuous learning and industry best practices, Ronny Siahaan actively participated in
professional development activities throughout 2023. In this role, he served as Advisor and Chair for a professional auditor
and compliance forum within the Oil & Gas Industry. His specific contributions included:
1. Attended the Human Right Due Diligence Workshop conducted by UNGC in Jakarta from March 1 – 2, 2023.
2. Participated in the SEC Enforcement & FCPA Compliance: The Current Landscape Webinar on November 30, 2023
conducted by Center for Professional Education Inc.
Duties and Responsibilities
Since 2018, the Division has developed comprehensive compliance programs to prevent, detect, and respond to bribery,
corruption, and fraud risks across all assets operated by the Company, its subsidiaries, and joint ventures. These programs
focus on preventing, detecting, and effectively responding to bribery, corruption, and fraud risks.
To ensure that the Company is effectively preventing, detecting and responding to bribery, corruption and fraud, the Corporate
Audit and Integrity Compliance Division assesses and makes recommendations for improving governance, with the following
objectives:
a. Promoting high standards of business ethics within the Company.
b. Ensuring effective fraud risk management.
c. Collecting information on risk and anti-bribery and anti-corruption risk controls across the Company.
The Corporate Audit and Integrity Compliance Division also regularly assesses and makes recommendations for improving risk
management processes and evaluates risk exposure in the Company’s operations and information system, with the following
objectives:
a. Achieving the Company’s strategic objectives.
b. Maintaining the reliability and integrity of financial and operational information.
c. Maintaining the effectiveness and efficiency of operations and programs.
d. Safeguarding assets.
e. Ensuring compliance with laws, regulations, policies, procedures, and contracts.
The Corporate Audit and Integrity Compliance Division provides functional support to BOD efforts to establish a culture that
embraces ethics, honesty and integrity. It also provides functional support in preventing, detecting and responding to fraud
and the risk of fraud.
Fraud prevention: The Corporate Audit and Integrity Compliance Division monitors and evaluates the Company’s internal
controls for detecting and mitigating fraud, evaluates the Company’s assessment of fraud risk within the Company and third-
party contractors, assesses the adequacy of related controls and recommends improvements.
Fraud detection: The Corporate Audit and Integrity Compliance Division is responsible for performing data analysis, fraud
risk management, audit programs, verification and other activities to detect, identify, monitor and prevent fraud.
Fraud response: The Corporate Audit and Integrity Compliance Division is responsible for responding to issues raised
through the internal ethics hotline and/or the whistleblower channel and has a direct role in investigating any Code of Conduct
breach or fraud, managing investigations and disclosing to the BOD. It reports the findings of investigations and any situations
that may give rise to wrongdoing directly to the BOD, providing recommendations for corrective action.
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2023 Activities: Safeguarding Integrity
The Corporate Audit and Integrity Compliance Division plays a key role in upholding MedcoEnergi’s commitment to ethical
conduct and operational integrity. In 2023, the Division’s key activities included:
1. Comprehensive Internal Audits: Internal audits were conducted across MedcoEnergi and its subsidiaries, providing
independent assessments of governance, risk management, and internal control effectiveness.
2. Robust Anti-Bribery and Corruption (ABAC) Program: The division conducted dedicated ABAC audits on vendors
and partners, mitigating bribery and corruption risks within the supply chain.
3. Proactive Fraud Risk Management: Programs were implemented to address fraud risk throughout the organization.
These programs targeted prevention, detection, monitoring, and evaluation, ensuring a comprehensive approach to
combating fraud.
4. Promoting Ethical Conduct: The division facilitated the following initiatives to foster a strong culture of ethics:
• Conflict of Interest Risk Management: Annual affirmation programs were implemented for the group, ensuring
transparency and mitigation of potential conflicts of interest.
• Ethics Liaison Officer Program: This program established a network of ethics ambassadors across assets and
functions, providing a local point of contact for employees seeking guidance on ethical behavior.
• Code of Conduct Declaration: Annual Affirmation Program is implemented for the group, ensuring each individual’s
commitment to adhere with MedcoEnergi’s Code of Conduct.
• Anti-Corruption Awareness Campaigns: The division conducted comprehensive communication and education
programs for employees, contractors, vendors, and suppliers. These programs utilized a variety of channels, including
media campaigns, video materials, online training modules, and in-person classroom sessions.
5. Sanctions Compliance: The division monitored and evaluated the Company’s sanctions compliance program, ensuring
adherence to all relevant sanctions regulations and associated due diligence requirements.
The Company is committed to preventing corruption by ensuring adequate procedures are in place within MedcoEnergi Group
and by formalizing anti-bribery management systems for key business assets and operations involving vendors and employees
as defined in ISO 37001:2016 anti-bribery manuals and procedures.
MedcoEnergi was the first energy company in Indonesia to obtain ISO 37001:2016 certification of an anti-bribery management
system for Medco E&P Natuna Ltd. in June 2019 and followed by five domestic production sharing contracts (PSCs) for
Procure to Pay Process in April 2020. In our power business, we certified Medco Power in July 2020 and followed by three
Medco Power Indonesia subsidiaries – PT Mitra Energi Batam and Dalle Energi Batam, PT Energi Listrik Batam and PT Tanjung
Jati B Power Services in 2021. Additionally we also certified our joint venture, JOB Tomori in 2021.
In November 2022, MedcoEnergi Bualuang Ltd. (Thailand) became the first of the Company’s international business units to
be certified ISO 37001:2016. On December 7, 2023, Medco E&P Grissik Ltd. has successfully received ISO 37001:2016 Anti-
Bribery Management System (ABMS) Certification.
The anti-bribery management system certification provides assurance to management, investors, employees, customers and
other stakeholders that MedcoEnergi is committed to preventing bribery and to adhering to internationally recognized anti-
bribery controls.
Internal Audit Charter
The Company’s internal audit charter was prepared by the Audit Committee and approved on January 2, 2012, by the BOC
and has been updated on February 7, 2022. It has been communicated and implemented throughout the MedcoEnergi Group.
Internal Control of Risk and Compliance
MedcoEnergi has an internal control system that aims to safeguard Company assets and investments. The system is a part of
the MedcoEnergi GCG implementation and comprises:
1. A structured internal control framework.
2. A program to assess and manage business risks.
3. An information and communication system.
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4. Control and monitoring activities: in addition to an internal audit, anti-corruption and anti-bribery controls are also assured
by an independent third party and a certification body.
5. The internal control system is effective in each division and subsidiary and covers all duties and authorities of the respective
divisions/subsidiaries.
ANTI-CORRUPTION
MedcoEnergi has implemented several measures to address corruption and to ensure ethical behavior and compliance with
anti-corruption laws. Key elements of MedcoEnergi’s anti-corruption measures are:
1. Code of Conduct: MedcoEnergi has a Code of Conduct that sets out the ethical standards expected of its employees,
contractors and business partners.
2. Anti-Corruption Policy: MedcoEnergi has an anti-corruption policy that sets out its commitment to prevent bribery
and corruption in all its operations. The policy outlines the expectations placed on employees, contractors and business
partners to comply with anti-corruption laws and regulations.
3. Training and Awareness Programs: MedcoEnergi conducts regular training and awareness programs to educate
employees, Contractor’s employees and extended it to vendors through our external compliance programs on the risks of
corruption and how to identify and report suspicious activities.
4. Ethics Ambassador Program: This program nurtures a culture of ethical compliance through employee engagement
and participation. We select employees to participate in a capacity-building program covering ethics and compliance,
and risk identification and remediation. These employees are then assigned to become Ethics Liaison Officers in Medco
Corporate & Oil & Gas, Compliance Champions in Medco Power.
Medco Corporate & Oil & Gas Medco Power
Program Title
Ethics Liaison Officer Program Compliance Champion Program
Number of
76 28
Personnel in 2023
Role and • Being a model of ethical behaviour. • Communicate and discuss issues related to ethics and
Responsibilities of • Promoting ethical culture and elevating awareness on compliance from subsidiaries to Medco Power head office.
Personnel ethical practices through various means of communications • Conduct sharing session of ethics and compliance twice
such as distributing ethics tips, delivering dynamic a year (1 time per semester) and compliance moment
presentations using case studies, posters, infographics. 4 times a year and report these activities through our
• Facilitate discussion on ethics in each functions/business Compliance share point.
unit. • Participate actively to support MedcoEnergi Compliance
• Participate in corporate campaigns (including Ethics & programs, such as Statement of Adherence and Conflict of
Compliance Week and Anti-Corruption Day) and distribute Interest.
related campaign materials. • Promote whistleblowing channel as a tool for reporting
• Provide guidance or advice when dealing with ethical fraud allegation or ethics violation.
dilemma or elevate inquiries and/or concerns to Line • Assist in ISO 37001 certification, recertification and
Management and/or Corporate Ethics & Compliance surveillance audit by certification body.
Function.
MedcoEnergi continues to reinforce compliance awareness and uphold a culture of integrity within the organization. These
initiatives support our commitment to ethical conduct and regulatory compliance across various levels and functions. Here’s
a breakdown of the key initiatives:
a. Field Compliance Refresher and Awareness Training: This training was for Block A, Rimau, Lematang, Palembang
office, and JOB Tomori to reinforce compliance standards and practices.
b. Fraud Risk Refresher Training: Conducted for Onshore Asset Leadership and Corporate Relation & Security
function and aimed at refreshing their understanding of fraud risks and prevention measures.
c. Fraud Risk Assessment Workshop: Specifically held for Corridor and Medco Ratch Power Riau (MRPR), a subsidiary
of MPI, to assess and mitigate potential fraud risks within these entities.
d. Year-End Town Hall: Organized for the Finance Division in the Oil & Gas assets to discuss compliance achievements,
challenges, and reinforce the importance of compliance within the division.
e. Ethics Awareness Training for Contractors: Extended beyond MedcoEnergi’s direct employees to include
contractor employees, covering various aspects of business ethics, information systems security, and social media
usage.
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f. New Hire Induction Training: Focused on introducing new hires to MedcoEnergi’s Governance, Compliance, and
Code of Conduct policies, ensuring they start their roles with a clear understanding of expected standards.
g. Medco Leadership Programme: Targeted at supervisors and above, providing a refresher on the Code of Conduct
and likely emphasizing leadership responsibilities in upholding compliance standards.
h. International Anti-Corruption Day: A dedicated day to raise awareness about the importance of anti-corruption
measures, aligning with MedcoEnergi’s commitment to ethical business practices.
i. Communication of Collective Labor Agreements and Business Ethics & Corporate Protection Guidelines:
Ensuring clear communication of important policies and agreements to all employees, further embedding compliance
principles within the organizational culture.
5. Whistleblowing policy: MedcoEnergi has a whistleblower policy that allows employees to report any concerns or
suspicions of corruption or unethical behavior anonymously and without fear of retaliation.
6. Due diligence: MedcoEnergi has implemented a due diligence process for screening potential business partners and
vendors to ensure they comply with anti-corruption laws and regulations.
7. Internal audits: MedcoEnergi conducts regular internal audits included vendor audits to identify any potential risks and
improve its anti-corruption measures.
8. Compliance with laws and regulations: MedcoEnergi ensures compliance with all applicable anti-corruption laws and
regulations in the countries in which it operates.
WHISTLEBLOWING SYSTEM
MedcoEnergi is committed to implementing the highest standard of integrity and compliance in all activities in accordance with
the GCG Guidelines and the Code of Conduct. MedcoEnergi has a whistleblowing system in place since 2008 to strengthen
the implementation of GCG principles and internal control systems. The system provides a channel through which internal and
external stakeholders can raise concerns regarding integrity or compliance in MedcoEnergi.
MedcoEnergi values individual willingness to report potential violations to MedcoEnergi’s set of ethical standards and policies
but the report must be based on good faith.
MedcoEnergi does not tolerate any kind of retaliation and take all claims of retaliation seriously and if validated, will take
appropriate action to handle them. MedcoEnergi consider acts of retaliation to be acts of misconduct which, if substantiated,
could result in disciplinary action up to, and including dismissal or termination.
MedcoEnergi Whistleblowing system was established in 2008. MedcoEnergi extended the whistleblower system to allow
reporting via the website and telephone in both Indonesian and English, added the reporting through WhatsApp application,
and extended the language to Thai and Arabic (2020), and Mandarin (2022). Anyone may file a report on any violation through
the channels listed on the MedcoEnergi website, www.medcoenergi.com, or via Deloitte at https://idn.deloitte-halo.com/
lapor-medcoenergi/.
Deloitte has managed MedcoEnergi’s whistleblower system since 2010, ensuring its independence. MedcoEnergi limits
whistleblowing to the following areas: fraud, corruption, breaches of the Code of Conduct and other policies, conflicts of
interest, financial statement fraud, bribery, misconduct and any other nonethical behavior.
Deloitte screens and categorizes reports and may request more information and supporting documents from the whistleblower.
It then submits reports to the Company’s President Commissioner, President Director and Head of Corporate Audit and
Integrity Compliance. The Company will conduct an investigation and take all necessary follow-up actions.
Ethics and Compliance Working Group
All reports are carefully reviewed by the Ethics and Compliance Working Group, composed of senior management
representatives from the Board of Directors, Corporate Audit & Internal Control, Human Resources, Legal, and relevant
divisions. This collaborative approach ensures objective, unbiased investigations and consistent disciplinary actions. In 2024
the Working Group will transition into a formal Ethics and Compliance Committee.
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EXPANDING OUR HORIZONS Incident Disclosures MedcoEnergi is committed to fostering a culture of integrity and ethical conduct across all levels of our organization. In 2023, we received 63 reports of alleged violations through our whistleblowing channels. This represents a slight decrease from 2022 (73 reports). The reported concerns included counterfeiting, intellectual property rights violations, theft, asset misuse, procurement fraud, and other fraudulent activities. In 2023, the Working Group took appropriate disciplinary actions against 45 individuals, encompassing employees, contractors, and business partners. These actions ranged from verbal warnings and reprimands to written warnings and terminations, depending on the severity of the offense. Whistleblower Management System – ISO 37002:2021 We are continually enhancing our whistleblowing infrastructure. To further strengthen transparency and accountability, MedcoEnergi is adopting the ISO 37002 Whistleblowing Management System. This comprehensive framework provides guidance on implementing, managing, and improving our reporting channels. Implementation activities in 2023 included personnel training, maturity self-assessment, and benchmarking against industry peers. We are on track to achieve full adoption of ISO 37002 by 2024. Prevention of Insider Trading MedcoEnergi is committed to prevent and mitigate insider trading. The Code of Conduct prohibits employees, affiliated parties and members of MedcoEnergi’s BOC and BOD from trading shares or securities if they have access to nonpublic material information about the Company. MedcoEnergi also has an Insider Trading Policy and a Blackout Periods Policy. The Insider Trading Policy aims to prevent members of the BOC and BOD and employees from using non-public material information to trade shares or securities. The Blackout Periods Policy aims to stop trading of securities for defined periods by parties who have access to non-public material information. EMPLOYEES AND MANAGEMENT SHARES OWNERSHIP PROGRAM MedcoEnergi has established Share Ownership Programs for both employees (ESAP) and management (MSAP). Launched in 2017 with Shareholders approval, these programs continue to be attractive, fostering employee retention and a shared sense of ownership. 2023 Annual Report PT Medco Energi Internasional Tbk 117
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2023 Program Highlights
For the 2023 ESAP, MedcoEnergi allocated a maximum of 21,657,000 shares to be granted to selected employees. The shares
will vest in 2024, 2025 and 2026.
For the MSAP, the Company continued distributing the 2022 Performance Incentive MSAP to members of the BOC and
BOD, and to Directors of subsidiaries. The BOD approved the award of 4,310,810 shares to the Directors of subsidiaries, and
the AGMS on May 31, 2023 approved the award of 15,613,100 shares to non-independent members of the BOC and the BOD.
In 2023, MedcoEnergi transferred the third tranche of shares vesting from the 2020 ESAP, the second tranche vesting from
the 2021 ESAP and the first tranche vesting from the 2022 ESAP. A total of 24,343,077shares were awarded to these 2020,
2021 and 2022 ESAP recipients. Also in 2023, MedcoEnergi transferred 4,310,810 shares, representing the 2022 performance
incentive MSAP, to Directors of subsidiaries. The Company also transferred a total of 15,613,100 shares to non-independent
members of the BOC and to the Company Directors. In total, the Company awarded 44,266,987 shares to ESAP and MSAP
recipients using treasury shares remaining at the end of 2022.
To fulfil future ESAP and MSAP requirements, the Company implemented the buyback shares program approved at the
AGMS dated May 31, 2023. A total of 65,250,100 shares were purchased in 2023. Hence, as of the end of year 2023, the
Company recorded a total of 106,731,368 shares as the remaining balance of treasury shares available for future distribution.
This balance is sufficient to meet the third tranche of shares vesting from the 2021 ESAP, the second tranche vesting from the
2022 ESAP and the first tranche vesting from 2023 ESAP in 2024, as well as the 2023 Performance Incentive MSAP. However,
to fulfil ESAP and MSAP commitments from 2025 onward, more shares shall be purchased in 2024.
Terms and Conditions of the ESAP and MSAP
ESAP MSAP
Eligibility Employees and employees of wholly-owned subsidiaries who Non independent Commissioners and Directors of MedcoEnergi,
are working in the Company or who are seconded under certain Directors of wholly-owned or majority-owned subsidiaries,
criteria to subsidiaries or affiliates of the Company. representative Directors at the Company’s affiliates and certain
senior management of the Company.
Share Base An equivalent number of the actual shares of the Company An equivalent number of the actual shares of the Company
for ESAP and stock. Upon meeting the vesting criteria, the ESAP will be stock. Upon meeting the vesting criteria, the MSAP will be
MSAP converted into shares of Company stock. converted into actual shares of the Company Stock.
Granting In three-year periods beginning in 2017. In three-year periods beginning in 2017.
Period
Vesting Period Over a three-year period with the following schedule: 30% after a) Retention Program MSAP: The shares will vest at the end of
one year, 30% after two years and 40% after three years. an agreed period; and b) Performance Incentive Bonus MSAP:
No vesting period.
Share The shares to be awarded via the ESAP will remain in a) Retention Program MSAP: The shares to be awarded
Ownership MedcoEnergi’s possession until vesting. On vesting, the shares via the MSAP will be converted into shares by transferring
will be transferred to individual employee accounts and will be the equivalent number of MedcoEnergi’s actual shares to
fully owned by the employee. eligible recipients but ownership will be blocked until the end
of the agreement. The resulting shares will be unblocked and
fully owned by the members of BOD after the end of the
agreement; b) Performance Incentive Bonus MSAP: The shares
to be awarded via the MSAP will be converted into shares by
transferring the equivalent number of the Company’s actual
shares to eligible recipients on the effective granting date.
118 PT Medco Energi Internasional Tbk 2023 Annual Report
Page 121
EXPANDING OUR HORIZONS
Terms and Conditions of the ESAP and MSAP
ESAP MSAP
Voting and Before vesting, the shares do not have any voting or dividend a) Retention Program MSAP: The shares have voting and
Dividend rights. After vesting, the shares will be fully owned by the dividend rights. However, dividends will be pooled into a
Rights employee and will have voting rights and rights to dividends joint account between MedcoEnergi and each individual
when declared. recipient. Upon the end of the period of employment, all
the dividends paid will be released to the recipients;
b) Performance Incentive MSAP: Upon transfer, the shares will
be fully owned by the employees and will have voting rights
and rights to dividends when declared.
Tax Any income tax liability generated by the share award will be Any income tax liability generated by the share award will be
paid by the employee. paid by each of the recipients.
Other Other terms and conditions with regards to eligibility factors Other terms and conditions may apply for specific Retention
and/or events which may need to be taken into consideration Program MSAPs.
are stated in a separate policy created by the Human Capital
and General Services Sub directorate.
ESAP and MSAP Distribution
Description Number of Shares
Treasury shares balance at January 31, 2023 85,748,255
ESAP 2020 third tranche, 2021 second tranche, 2022 first tranche 24,343,077
MSAP BOD subsidiaries 4,310,810
MSAP non-independent Commissioners and BOD 15,613,100
Total awards 44,266,987
Treasury shares acquired 2023 65,250,100
Treasury shares balance at December 31, 2023 106,731,368
BOC and BOD to Disclose Shares Ownership
Members of the BOD and BOC are obliged by the Code of Conduct to disclose their purchase and ownership of MedcoEnergi
shares. Further, to comply with POJK No. 11/POJK.04/2017 concerning Ownership Reporting or Change in Share Ownership
of a Public Company, the Company requires each member of the BOD and BOC to regularly disclose updated information
regarding their share ownership.
In 2023, members of the BOD and BOC reported changes in their ownership of MedcoEnergi shares in January, June, July,
and December. All changes were reported to the OJK within the required time.
MATERIAL TRANSACTIONS
Related Parties Transaction
MedcoEnergi maintains a commitment to conducting business with the highest ethical standards and transparency. The
following transactions with related parties occurred during the year:
2023 Annual Report PT Medco Energi Internasional Tbk 119
Page 122
2023 Management Discussion Business Company Sustainability Corporate Governance Attachment
Performance and Analysis Activities Profile
Medco Power Indonesia
On September 18, 2023, Medco Power Indonesia and Amman Mineral Internasional (AMI) entered into a deed of share sale
and purchase agreement No. 74, drawn up before Jose Dima Satria S.H., M.Kn., Notary in Jakarta, where MPI agreed to sell all
of its shareholding amounting to 24,975 shares in PT Medco Sumbawa Gas to AMI for a purchase price of Rp2,497,500,000.
Independent Accountant
The BOC recommended the appointment of KAP Purwantono, Sungkoro & Surja, a member firm of Ernst & Young Global
Limited, a public accounting firm registered with the OJK, as the Company’s external auditor for the 2023 fiscal year. This
appointment was subsequently approved by the AGMS on May 31, 2023. KAP Purwantono, Sungkoro & Surja has consistently
maintained its independence in accordance with professional standards for public accountants, the work agreement, and the
defined audit scope.
Total fees for audit work and other assurance services by KAP Purwantono, Sungkoro & Surja, a member firm of Ernst & Young
Global Limited for fiscal year 2023 amounted to Rp54.7 billion with details as follows:,
1. Audit of consolidated financial statements, for the financial year 31 December 2023 amounted to Rp28.4 billion.
2. Other assurance service fees amounted to Rp18.7 billion.
3. Non-assurance service fees amounted to Rp7.6 billion.
120 PT Medco Energi Internasional Tbk 2023 Annual Report
Page 123
EXPANDING OUR HORIZONS
Board of
Commissioners &
Board of Directors
Statement
Regarding the Responsibilities towards the 2023 Annual Report PT Medco Energi Internasional Tbk
We, the undersigned, being the members of the Board of Commissioners and Board of Directors of The Company, hereby,
declare that we are fully responsible for preparation and presentation of the 2023 Annual Report and 2023 Financial Statements.
All information in the 2023 Annual Report and 2023 Financial Statements have been fully and accurately disclosed and the
Reports do not contain false information or omitted information or material facts.
In witness whereof, the undersigned have drawn up this statement truthfully.
Jakarta, April 30, 2024
Prepared by:
Hilmi Panigoro Roberto Lorato
President Director Director & Chief Executive Officer
Anthony R. Mathias Ronald Gunawan Amri Siahaan
Director & Chief Financial Officer Director & Chief Operating Officer Director & Chief
Administrative Officer
Approved by:
Yani Y. Panigoro
President Commissioner
Marsillam Simandjuntak Yaser R. A. Panigoro
Independent Commissioner Commissioner
2023 Annual Report PT Medco Energi Internasional Tbk 121
Page 124
2023 Management Discussion Business Company Sustainability Corporate Governance Attachment
Performance and Analysis Activities Profile
Attachments
124 Company Structure
126 Organization Structure
127 List of Abbreviations
129 Cross Reference to OJK
Annual Report Requirements
142 e-Financial Statements
122 PT Medco Energi Internasional Tbk 2023 Annual Report
Page 125
07
Page 126
2023 Management Discussion Business Company Sustainability Corporate Governance Attachment
Performance and Analysis Activities Profile
Company
Structure
PT Medco E&P Indonesia PT Medco E&P Bangkanai PT Medco LNG Indonesia PT Amman Mineral Internasional PT Medco Downstream
Tbk Indonesia
PT Medco E&P Simenggaris PT Donggi Senoro LNG PT Amman Mineral PT Medco LPG Kaji
Nusa Tenggara
PT Medco E&P Malaka PT Medco Energi Beluga PT Medco Methanol
Bunyu
PT Medco E&P Tarakan PT Medco Energi Natuna Timur PT Medco Ethanol
Lampung
PT Medco E&P Rimau PT Medco Energi Bangkanai
PT Medco E&P Lematang PT Medco E&P Nunukan
PT Medco E&P Tomori PT Medco E&P Sembakung
Sulawesi
PT Medco E&P Bengara PT Medco Energi Madura
PT Medco Energi Sampang PT Medco Energi CBM Indonesia
PT Medco Sampang Indonesia PT Medco CBM Pendopo PT Exspan Petrogas PT Medco Energi Nusantara PT Medco Sarana Balaraja
Intranusa
PT Medco Energi Belida PT Medco Energi Linggau PT Mitra Energi Gas PT Satria Raksa
Sumatera Buminusa
PT Api Metra Graha PT Musi Raksa
Buminusa
PT Mahakam Raksa
Buminusa
Ophir Energy Limited
Salamander Energy Limited Dominion Petroleum Limited
Dominion Petroleum DOMPET Limited
Acquisitions Limited
Ophir Jaguar 1 Limited Salamander Energy Group Limited
Dominion Oil & Dominion
Gas Limited Tanzania
Limited
Medco Energi Medco Energi
Ophir Jaguar 2 Limited Thailand (E&P) Bangkanai Limited
Limited Dominion Oil
& Gas Limited
Salamander Medco Energi (Tanzania)
Ophir SPV Pty Ltd. Ophir Asia Pacific Energy (Lao) Central
Pty Ltd. Company Limited Kalimantan Limited
Medco Energi Medco Energi Medco Energi Medco Energi West
Madura Offshore Sampang Kerendan Limited Bangkanai Limited
Pty Ltd. Pty Ltd.
Ophir Vietnam Ophir Energy
Block 12W B.V. Indonesia Limited
Ophir Indonesia
Salamander Energy (S.E.Sangatta)
Salamander Energy (S.E.Asia) Limited Limited
(Bualuang Holdings)
Limited
Medco Energi
Thailand (Bualuang)
Limited
124 PT Medco Energi Internasional Tbk 2023 Annual Report
Page 127
EXPANDING OUR HORIZONS
PT Medco Power PT Medco Power Internasional
Medco Strait Services Pte. Ltd. Medco Simenggaris Pty. Ltd. Generation Indonesia
Petroleum Exploration & Production Medco Far East Limited PT Medco Power Indonesia
International Limited
Lematang E&P Limited Kuala Langsa (Block-A) PT Sangsaka Agro Lestari PT Medco Geothermal
Limited Nusantara
PT Sangsaka Hidro PT Medco Power
Lestari Sentral Sumatera
Medco South China Sea Pte. Ltd.
PT Bio Jatropha PT Medco Ratch
Indonesia Power Riau
Medco Natuna Pte. Ltd.
Medco Indonesia Holding B.V. PT Sangsaka PT Dalle Panaran
Hidro Ciseureuh
Medco E&P Natuna Ltd.
Medco Lematang B.V. PT Sangsaka Hidro PT Pembangkitan
Medco Singapore Selatan Pusaka Parahiangan
Operations Pte. Ltd.
PT Sangsaka Hidro PT Medco Hidro Indonesia
Kasmar
Medco Petroleum Services Limited Medco Platinum Road Pte. Ltd.
PT Sangsaka PT Nawakara
Hidro Baliase Energi Sumpur
Medco Laurel Tree Pte. Ltd. Medco Oak Tree Pte. Ltd.
PT Sangsaka Hidro PT Sangsaka
Patikala Lima Hidro Barat
Medco Energi Global Pte. Ltd. Medco Bell Pte. Ltd.
PT Medco Kansai PT Muara Enim Multi Power
Power Indonesia
Medco Maple Tree Pte. Ltd.
MedcoEnergiOman Block 48 PT Dalle Energy PT Medcopower
Limited Batam Servis Indonesia
MedcoEnergiOman Block 60 PT Medco General PT Indo Medco Power
Limited Power Services
Medco Yemen Holding Limited Far East Energy Trading Pte. Ltd. PT TJB Power PT Medcopower
Services Elektrika Indonesia
Medco Yemen Amed Medco Asia Pacific Limited PT Energi Prima
Limited Elektrika PT Medco Sumbawa Gas
Medco Yemen Malik Medco International PT Multidaya Prima
Limited Enterprise Ltd. Elektrindo PT Medco Solar Pasifik
Medco International Ventures Medco LLC PT Universal Batam PT Medco Geothermal
Limited Energy Indonesia
Medco International Services Medco Arabia Ltd. PT Energi PT Medco Cahaya
Pte. Ltd. Listrik Batam Geothermal
Medco Tunisia Services Medco Energi USA Inc. PT Medco Energi PT Medcopower Energi Baru
Menamas
Medco E&P Corridor Medco Energi US. LLC PT Medco PT Medcopower Solar
Holding Ltd. Geothermal Sarulla Sumbawa
Medco E&P Grissik Ltd. PT Mitra Energi PT Medcopower Surya
Batam Nusantara
PT Medco Solar Bali Barat PT Medcopower
Transportasi Listrik
PT Medcosolar Bali Timur PT Medco Geothermal
Sumatra
PT Medco Power Global Pte Ltd PT Teknologi Data Infrastruktur
Pacific Medco Solar Energy PT Medco Geopower
Pte Ltd Sarulla
Ophir Holdings Limited Ophir Asia Limited Ophir Holdings & Services (UK) Limited
Dominion Petroleum Ophir Equatorial
Ophir East Africa Ophir Myanmar Guinea (Block R)
Holdings Limited (Block AD-3) Limited Kenya Limited Limited
Ophir Mexico
Ophir Tanzania Ophir Tanzania Limited
(Block 4) Limited (Block 1) Limited
Ophir Mexico
Ophir East Africa Ophir Pipeline Ruvuma Pipeline Operations,
Ventures Limited Limited Company Limited S.A. de C.V
Ophir Tanzania Mzalendo Gas
(Block 3) Limited Ophir LNG Limited Processing Company
Limited
Ophir Gas Marketing Fahari Gas Marketing
Limited Company Limited
INFORMATION:
Active
Dormant
2023 Annual Report PT Medco Energi Internasional Tbk 125
Page 128
2023 Management Discussion Business Company Sustainability Corporate Governance Attachment
Performance and Analysis Activities Profile
Organization
Structure
President Director
Hilmi Panigoro
Director & Chief Executive Officer
Roberto Lorato
Director & Chief Director & Chief Director & Chief Sr. VP Sr. VP MPI President Managing Director
Operating Officer Administrative Financial Officer International E&P Business Director & CEO Medco Energi
Officer and CCUS Development Global
Ronald Gunawan Amri Siahaan Anthony R. Mathias Craig D. Stewart Sanjeev Bansal Eka Satria Emmy Teo
Sr. VP VP Human Resources VP Corporate General Manager VP New Ventures MPI Director &
Onshore Asset & General Services Finance & Treasury Thailand Chief Financial
Officer
Idham H.S Purba Tia N. Ardianto Sonia Ayudiah Iwan Prajogi Faizan Rahan Myrta Sri Utami
Sr. VP VP E&P Finance Sr. Manager Corporate Country Manager Sr. Manager MPI Director & Chief
Offshore Asset Planning & Investment Oman Corporate Portfolio Operating Officer
Appraisal Management
Ignatius Tenny HR. Andrea G. Candarashmi P. Ahmad Syaifudin Imron Gazali
Wibowo Diliharto Pastika
Sr. VP VP Digital Sr. Manager General Manager Head Legal Business MPI Director & Chief
Corridor Asset Information Corporate Tax Libya (MIVL) Development Planning and Business
Technology Development Officer
Tri Laksono Satriyo Wicaksono Aris Cahyadi Akram Sassi Andri Budiman Femi Sastrena
VP Technical VP Supply Chain Sr. Manager
Assurance Management Corporate
Accounting
Bambang S. Ismanto Kenneth Gunawan VP Corporate Legal Sr. Manager Audit Sr. Manager Corp.
Johan K. Djaja Counsel & Corporate & Integrity Sustainability
Secretary Compliance & Risk Management
VP Project VP Relations Sr. Manager Corp Siendy K. Wisandana Ronny Siahaan Firman Dharmawan
Development & & Security Finance Functional
Engineering Excellence
Excellence
Krista Senior Counsel Manager Ethics & Manager Corporate
Agus Wijaya Arif Rinaldi Non-Capital Market Compliance General Sustainability
Offshore
VP Exploration Sr. Manager Manager Capital Irwan Supranto
Sustainability Market Rico Jusuf M. Agustina Prawitosari
Development
Feriyanto Ibrahim Arsyad Ridho Wahyudi Senior Counsel Manager Ethics & Manager Corporate
Capital Market Compliance Corridor Risk Management
and Onshore
VP Health, Safety Sr. Manager Board
& Environment Administration Office Nyimas Dewi Andriani Eko S. Wibowo
I Nyoman A Sidi Cisca Alimin
Mantra Manager General
Audit
Soesetyo Eri
VP E&P Legal Perbowo
R. Iman Suseno
Manager Integrity
Compliance
INFORMATION:
Sr. Manager
E&P Planning Widi Wijayanto
Anastasia Mustika Board of Directors Manager Audit & IC
PT Medco Energi Internasional Tbk Excellence
Sr. Manager
Commercial Esther H. Marianto
Organization Chart as of
Rully Nasrullah 31 December 2023
126 PT Medco Energi Internasional Tbk 2023 Annual Report
Page 129
EXPANDING OUR HORIZONS
List of
Abbreviations
1P Proved Reserves GHG Greenhouse Gas
2P Proved and Probable Reserves GMS General Meeting of Shareholders
ABMS Anti-Bribery Management Systems GRI Global Reporting Initiative
AGMS Annual General Meeting of Shareholders GSA Gas Sales Agreement
AMG PT Api Metra Graha GSPL Gas Supply Pte Ltd
AMNT PT Amman Mineral Nusa Tenggara GWh Giga Watt hour
APAC Asia Pacific ha Hectare
bbtud Billion British Thermal Units Per Day HR Human Resources
bcf Billion Cubic Feet HSE Health, Safety and Environment
bcpd Barrel Condensate Per Day IDR Indonesian Rupiah
BOC Board of Commissioners IDX Indonesia Stock Exchange
BOD Board of Directors IOGP International Association of Oil & Gas Producers
boe Barrel Oil Equivalent IPP Independent Power Producer
bopd Barrel Oil Per Day ISO International Organization for Standardization
boepd Barrel Oil Equivalent Per Day ITB Institut Teknologi Bandung
CAO Chief Administrative Officer JOB Joint Operating Body
CCUS Carbon, Capture, Utilization and Storage JORC Joint Ore Reserve Committee
CCPP Combined Cycle Power Plant Koz Thousand ounces
CCS Carbon, Capture & Storage KPI Key Performance Indicator
CDP Carbon Disclosure Project lbs pound
CEO Chief Executive Officer LLC Limited Liability Company
CFO Chief Financial Officer LNG Liquefied Natural Gas
CLA Collective Labour Agreement Ltd. Limited
Company PT Medco Energi Internasional Tbk. mboepd Thousand Barrels Of Oil Equivalent Per Day
COO Chief Operating Officer mbopd Thousand Barrels Of Oil Per Day
COVID-19 Coronavirus Disease 2019 MEGS PT Mitra Energi Gas Sumatera
DSLNG PT Donggi Senoro LNG MEMR Ministry of Energy and Mineral Resources
E&P Exploration & Production Mlbs Million pounds
EBITDA Earnings before Interest, Tax, Depreciation and mmbo Million Barrels of Oil
Amortization
mmboe Million Barrels of Oil Equivalent
EGMS Extraordinary General Meeting of Shareholders
EPSA Exploration and Production Sharing Agreement mmbtu Million British Thermal Unit
ESAP Employee Shares Award Plan mmscfd Million Standard Cubic Feet Per Day
ESG Environmental Social Governance MPI PT Medco Power Indonesia
FPCA Foreign Corrupt Practices Act MSAP Management Shares Award Plan
FPSO Floating Production Storage and Offloading MSCI Morgan Stanley Capital International
FSO Floating Storage and Offloading MW Mega Watt
GCG Good Corporate Governance MWp Mega Watt peak
GDP Gross Domestic Product O&M Operation & Maintenance
2023 Annual Report PT Medco Energi Internasional Tbk 127
Page 130
2023 Management Discussion Business Company Sustainability Corporate Governance Attachment
Performance and Analysis Activities Profile
OJK Otoritas Jasa Keuangan (Financial Services Pty Ltd Proprietary Limited
Authority)
OPEC Organization of the Petroleum Exporting Countries PTTEP PTT Exploration and Production Public Company
Limited
oz ounce
PV Photovoltaic
plc Public Limited Company
Pvt Ltd Private Limited
PLN Perusahaan Listrik Negara (State Eletricity
Company) SEC Securities Exchange Commission
POJK Peraturan Otoritas Jasa Keuangan (Financial SEOJK Surat Edaran Otoritas Jasa Keuangan (Circular
Services Authorithy Regulations) Letter of the Financial Services Authority)
PROPER Program Penilaian Peringkat Kinerja Perusahaan SGX Singapore Stock Exchange
Dalam Pengelolaan Lingkungan (Company
Performance Rating Program in Environmental SKK Migas Oil & Gas Regulatory Special Task Force
Management)
SRB PT Satria Raksa Buminusa
PSA Production Sharing Agreement
TCFD Task Force on Climate-related Financial Disclosures
PSC Production Sharing Contract
TRIR Total Recordable Incident Rate
PT Perseroan Terbatas (Limited Liability Company)
UN United Nations
Pte Ltd Private Limited
USD United States Dollar
Disclaimer
As of 2023, PT Medco Energi Internasional Tbk received an PT Medco Energi International Tbk’s ESG Risk Rating places
MSCI ESG Rating of A. it the 8th percentile in the Oil & Gas Producers industry and
9th percentile in the Oil & Gas Exploration and Production
subindustry assessed by Sustainalytics
Disclaimer Statement
The use by PT Medco Energi Internasional Tbk of any Copyright ©2024 Sustainalytics. All rights reserved. This
MSCI ESG Research LLC or its affiliates (“MSCI”) data, Sustainability Report contains information developed
and the use of MSCI logos, trademarks, service marks by Sustainalytics (www. sustainalytics. com). Such
or index names herein, do not constitute a sponsorship, information and data are proprietary of Sustainalytics
endorsement, recommendation, or promotion of PT Medco and/or its third party suppliers (Third Party Data) and are
Energi Internasional Tbk by MSCI. MSCI services and data provided for informational purposes only. They do not
are the property of MSCI or its information providers, and constitute an endorsement of any product or project,
are provided ‘as-is’ and without warranty. MSCI names and nor an investment advice and are not warranted to be
logos are trademarks or service marks of MSCI. complete, timely, accurate or suitable for a particular
purpose. Their use is subject to conditions available at
https://www.sustainalytics.com/legal-disclaimers.
128 PT Medco Energi Internasional Tbk 2023 Annual Report
Page 131
EXPANDING OUR HORIZONS
Cross Reference to
OJK Annual Report
Requirements
Description Page
I. General Provision
1. In this Financial Services Authority Circular Letter what is meant by:
a. The Annual Report is a report on the Board of Directors and Board of Commissioners accountability in managing and supervising issuers
or public companies within a period of 1 (one) fiscal year to the general meeting of shareholders prepared based on the provisions of the
Financial Services Authority Regulation concerning the Annual Report of issuers or public companies
b. Issuers are parties who make public offerings
c. A Public Company is a company whose shares are owned by at least 300 (three hundred) shareholders and has a paid-up capital of
at least Rp3,000,000,000.00 (three billion rupiah) or a number of shareholders and paid-up capital as determined by the Financial
Services Authority
d. A Public Company is an Issuer that has made a public offering of equity securities or a Publically- listed Company
e. A Sustainability Report is a report published to the public that contains the economic, financial, social, and environmental performance of
a financial service institution, Issuer, and Public Company in running a sustainable business
f Board of Directors:
1) For an Issuer or a Public Company in the form of a limited liability company, it is the Board of Directors as referred to in the
Financial Services Authority Regulation concerning the Board of Directors and Board of Commissioners of an Issuer or Public
Company; and
2) For an Issuer or a Public Company in the form of a legal entity other than a limited liability company, it is the body that carries out
the management of the legal entity as referred to in the laws and regulations concerning the legal entity.
g. Board of Commissioners:
1) For an Issuer or a Public Company in the form of a limited liability company, the Board of Commissioners as referred to in the
Financial Services Authority Regulation concerning the Board of Directors and Board of Commissioners of an Issuer or Public
Company; and
2) For the Issuer or Public Company in the form of a legal entity other than a limited liability company, it is the body that supervises
the legal entity as referred to in the laws and regulations concerning the legal entity.
h. General Meeting of Shareholders hereinafter abbreviated as GMS:
1) For an Issuer or a Public Company in the form of a limited liability company, it is the GMS as referred to in the Financial Services
Authority Regulation concerning the Planning and Organizing of the General Meeting of Shareholders of a Public Company; and
2) For an Issuer or Public Company in the form of a legal entity other than a limited liability company, it is the body that has authority
that is not given to any other body that carries out management and supervisory functions, within the limits specified in the
legislation and/or articles of association governing the legal entity.
2. The Annual Report of Issuers or Public Companies is an important source of information for investors or shareholders as one of the basic
considerations in making investment decisions and a means of supervision of Issuers or Public Companies.
3. Along with the development of the capital market and the increasing need for information disclosure by investors or shareholders, the Board of
Directors and the Board of Commissioners are required to present quality, accurate, and accountable information through the Annual Reports
of Issuers or Public Companies.
4. Annual Reports that are prepared regularly and informatively can provide convenience for investors or shareholders and stakeholders in
obtaining the required information.
5 This Financial Services Authority Circular is a guideline for Issuers or Public Companies that must be applied in preparing Annual Reports and
Sustainability Reports.
2023 Annual Report PT Medco Energi Internasional Tbk 129
Page 132
2023 Management Discussion Business Company Sustainability Corporate Governance Attachment
Performance and Analysis Activities Profile
Description Page
II. Format of Annual Report
1. Annual Report should be presented in the printed format and in electronic document copy..
2. The printed version of the Annual Report should be printed on light-colored paper of fine quality, in A4 size, bound and can be reproduced in
good quality.
3. The Annual Report may present information in the form of pictures, graphs, tables, and/or diagrams by including clear titles and/or
descriptions, so that they are easy to read and understand.
4. The Annual Report presented in electronic document format is the Annual Report converted into pdf format.
III. Content Of Annual Report
1. Annual Report should contain at least the following information:
a. Summary of key financial information; 68
b. Stock information (if any); 70-72
c. The Board of Directors report; 12-15
d. The Board of Commissioners report; 10-11
e. Profile of Issuer or Public Company; 52-81, 124-126
f. Management discussion and analysis; 21-25
g. Good Corporate Governance applied by the Issuer or Public Company; 90-120
h. Corporate social and environmental responsibility of the Issuer or Public Company; 85-87
i. Audited annual report; and 142-502
j. Statement that the Board of Directors and the Board of Commissioners are fully responsible for the Annual Report; 121
2. Description of Content of Annual Report
a. Summary of Key Financial Information 68-69
Summary of Key Financial Information contains financial information presented in comparison with previous 3 (three) fiscal years or since
commencement of business if the Issuers or the Public Company commencing the business less than 3 (three) years, at least contain:
1) income/sales;
2) gross profit;
3) profit (loss);
4) total profit (loss) attributable to equity holders of the parent entity and non-controlling interest;
5) total comprehensive profit (loss);
6) total comprehensive profit (loss) attributable to equity holders of the parent entity and non controlling interest;
7) earning (loss) per share;
8) total assets;
9) total liabilities;
10) total equities;
11) profit (loss) to total assets ratio;
12) profit (loss) to equities ratio;
13) profit (loss) to income ratio;
14) current ratio;
15) liabilities to equities ratio;
16) liabilities to total assets ratio; and
17) other information and financial ratios relevant to the Issuer or Public Company and type of industry;
130 PT Medco Energi Internasional Tbk 2023 Annual Report
Page 133
EXPANDING OUR HORIZONS
Description Page
b. Stock Information
Stock Information (if any) at least contains:
1) shares issued for each three-month period in the last 2 (two) fiscal years (if any), at least covering:
a) number of outstanding shares;
b) market capitalization based on the price at the Indonesia Stock Exchange where the shares listed on;
70
c) highest share price, lowest share price, closing share price at the Stock Exchange where the shares listed on; and
d) share volume at the Stock Exchange where the shares listed on;
Information in point a) should be disclosed by the Issuer, the public company whose shares is listed or not listed in the Indonesia
Stock Exchange;
Information in point b), point c), and point d) only be disclosed if the Issuer is a public company whose shares is listed in the
Indonesia Stock Exchange;
2) in the event of corporate actions, including stock split, reverse stock, dividend, bonus share, and change in par value of shares, then
the share price referred to in point 1), should be added with explanation on:
a) date of corporate action;
b) stock split ratio, reverse stock, dividend, bonus shares, and change in par value of shares;
N.A
c) number of outstanding shares prior to and after corporate action; and
d) The number of convertible securities exercised (if any); and
e) share price prior to and after corporate action;
3) in the event that the company’s shares were suspended and/or delisted from trading during the year under review, then the Issuers
N.A
or Public Company should provide explanation on the reason for the suspension and/or delisting; and
4) in the event that the suspension and/or delisting as referred to in point 3) was still in effect until the date of the Annual Report,
then the Issuer or the Public Company should also explain the corporate actions taken by the company in resolving the suspension N.A
and/or delisting;
c. The Board of Directors Report 12-15
The Board of Directors Report should at least contain the following items:
1) the performance of the Issuer or Public Company, at least covering:
a) strategy and strategic policies of the Issuer or Public Company;
b) Role of the Board of Directors in formulating strategies and strategic policies of Issuers or Public Companies;
c) Process carried out by the Board of Directors to ensure the implementation of the Issuer’s or Public Company’s strategy;
d) comparison between achievement of results and targets; and
e) challenges faced by the Issuer or Public Company;
2) description on business prospects;
3) implementation of good corporate governance by Issuer or Public Company; and 15
4) changes in the composition of the Board of Directors and the reason behind (if any); -
d. The Board of Commissioners Report
The Board of Commissioners Report should at least contain the following items:
1) Assessment on the performance of the Board of Directors in managing the Issuer or the Public Company; 11
2) Supervision on the implementation of the strategy of the Issuer or Public Company; 10
3) View on the business prospects of the Issuer or Public Company as established by the Board of Directors; 11
4) View on the implementation of the corporate governance by the Issuer or Public Company; 11
5) Changes in the composition of the Board of Commissioners and the reason behind (if any); and
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e. Profile of the Issuer or Public Company
Profile of the Issuer or Public Company should cover at least:
1) Name of Issuer or Public Company, including change of name, reason of change, and the effective date of the change of name
80
during the year under review;
2) access to Issuer or Public Company, including branch office or representative office, where public can have access of information
81
of the Issuer or Public Company, which include:
a) Address;
b) Telephone number;
c) Facsimile number;
d) E-mail address; and
e) Website address;
3) Brief history of the Issuer or Public Company; 52
4) Vision and mission of the Issuer or Public Company; 55
5) Line of business according to the latest Articles of Association, and types of products and/or services produced; 80
6) Operational area of the Issuer or Public Company 2-3
7) Structure of organization of the Issuer or Public Company in chart form, at least 1 (one) level below the Board of Directors, with the
126
names and titles;
8) List of industry association memberships both on a national and international scale related to the implementation of sustainable
124-125
finance;
9) The Board of Directors profiles include: 58-59
a) Name and short description of duties and functions;
b) Latest photograph;
c) Age;
d) Citizenship;
e) Education;
f) history position, covering information on:
(1) Legal basis for appointment as member of the Board of Directors to the said Issuer or Public Company;
(2) Dual position, as member of the Board of Directors, member of the Board of Commissioners, and/or member of
committee, and other position (if any); and
(3) Working experience and period in and outside the Issuer or Public Company;
g) Affiliation with other members of the Board of Directors, members of the Board of Commissioners, majority and controlling
shareholders, either directly or indirectly to individual owners, including names of affiliated parties. In the event that a
member of the Board of Directors has no affiliation, the Issuer or Public Company shall disclose this matter; and
h) Changes in the composition of the members of the Board of Directors and the reasons for the changes. In the event that
there is no change in the composition of the members of the Board of Directors, this matter shall be disclosed;
10) The Board of Commissioners profiles, at least include: 57
a) Name;
b) Latest photograph;
c) Age;
d) Citizenship;
e) Education;
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f) History position, covering information on:
(1) Legal basis for the appointment as member of the Board of Commissioners who is not Independent Commissioner at
the said Issuer or Public Company;
(2) Legal bases for the first appointment as member of the Board of Commissioners who also Independent Commissioner
at the said Issuer or Public Company;
(3) Dual position; as member of the Board of Commissioners, member of the Board of Directors, and/or member of
committee and other position (if any); and
(4) Working experience and period in and outside the Issuer or Public Company;
g) Affiliation with other members of the Board of Commissioners, major shareholders, and controllers either directly or indirectly
to individual owners, including names of affiliated parties; In the event that a member of the Board of Commissioners has no
affiliation, the Issuer or Public Company shall disclose this matter;
h) Statement of independence of Independent Commissioner in the event that the Independent Commissioner has been
appointed more than 2 (two) periods (if any);
i) Changes in the composition of the members of the Board of Commissioners and the reasons for the changes. In the event
that there is no change in the composition of the members of the Board of Commissioners, this matter shall be disclosed;
11) In the event that there were changes in the composition of the Board of Commissioners and/or the Board of Directors occurring
between the period after year-end until the date the Annual Report submitted, then the last and the previous composition of the N.A
Board of Commissioners and/or the Board of Directors shall be stated in the Annual Report;
12) Number of employees by gender, position, age, education level, and employment status (permanent/contracted) in the fiscal year;
65-66
Disclosure of information can be presented in tabular form.
13) Names of shareholders and ownership percentage at the end of the fiscal year, including:
a) Shareholders having 5% (five percent) or more shares of Issuer or Public Company; 71
b) Commissioners and Directors who own shares of the Issuers or Public Company; and 72
c) Groups of public shareholders, or groups of shareholders, each with less than 5% (five percent) ownership shares of the
71
Issuers or Public Company;
14) The percentage of indirect ownership of the shares of the Issuer or Public Company by members of the Board of Directors and
members of the Board of Commissioners at the beginning and end of the fiscal year, including information on shareholders
registered in the shareholder register for the benefit of indirect ownership of members of the Board of Directors and members of
the Board of Commissioners;
15) Number of shareholders and ownership percentage at the end of the fiscal year, based on:
a) Ownership of local institutions; 71
b) Ownership of foreign institutions; 71
c) Ownership of local individual; and 71
d) Ownership of foreign individual; 71
16) Information on major shareholders and controlling shareholders the Issuers of Public Company, directly or indirectly, and also
individual shareholder, presented in the form of scheme or diagram;
17) Name of subsidiaries, associated companies, joint venture controlled by Issuers or Public Company, with entity, percentage of
48-49
stock ownership, line of business, total assets and operating status of the Issuers of Public Company (if any);
For subsidiaries, include the addresses of the said subsidiaries; 81
18) Chronology of share listing, number of shares, par value, and bid price from the beginning of listing up to the end of the financial
71
year, and name of Stock Exchange where the Issuers of Public Company shares are listed;
19) Other securities listing information other than the securities as referred to in number 18), which have not yet matured in the fiscal
year, at least contain the name of the securities, year of issue, interest rate/yield, maturity date, offering value, and securities rating 73-79
(if any);
20) Information on the use of a Public Accountant (AP) and a Public Accounting firm (KAP) services and their networks/associations/
alliances include:
120
a) name and address;
b) period of assignment;
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c) informasi jasa audit dan/atau non audit yang diberikan;
d) Audit and/or non-audit fees for each assignment given during the fiscal year; and
e) In the event that AP and KAP and their network/association/alliance, which are appointed do not provide non-audit services,
then the information is disclosed; and
21) Name and address of capital market supporting institutions and/or professionals other than AP and KAP 81
f. Management Discussion and Analysis
Management Analysis and Discussion Annual should contain discussion and analysis on financial statements and other material
information emphasizing material changes that occurred during the year under review, at least including:
1) Operational review per business segment, according to the type of industry of the Issuer or Public Company including: 28-48
a) Production, including process, capacity, and growth;
b) Income/sales; and
c) Profitability;
2) comprehensive financial performance analysis which includes a comparison between the financial performance of the last 2 (two)
20-25
fiscal years, and explanation on the causes and effects of such changes, among others concerning:
a) Current assets, non-current assets, and total assets;
b) Short term liabilities, long term liabilities, total liabilities;
c) Equities;
d) Sales/operating revenues, expenses and profit (loss), other comprehensive revenues, and total comprehensive profit (loss);
and
e) Cash flows
3) The capacity to pay debts by including the computation of relevant ratios; 68
4) Accounts receivable collectability of the Issuer or Public Company, including the computation of the relevant ratios;
5) Capital structure and management policies concerning capital structure, including the basis for determining the said policy; 23
6) discussion on material ties for the investment of capital goods, including the explanation on at least: 23
a) The purpose of such ties;
b) Source of funds expected to fulfill the said ties;
c) Currency of denomination; and
d) Steps taken by the Issuer of Public Company to protect the position of a related foreign currency against risks;
7) Discussion on investment of capital goods which was realized in the last fiscal year, at least include: 23
a) Type of investment of capital goods;
b) Objective of the investment of capital goods; and
c) Value of the investment of capital goods;
8) Material Information and facts that occurring after the date of the accountant’s report (if any);
9) Information on the prospects of the Issuer or the Company in connection with industry,economy in general, accompanied with
24
supporting quantitative data if there is a reliable data source;
10) Comparison between target/projection at beginning of year and result (realization), concerning:
a) Income/sales;
b) Profit (loss);
c) Capital structure; or
d) Dividend policy; or
e) Others that deemed necessary for the Issuer or Public Company;
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11) Target/projection at most for the next one year of the Issuer or Public Company, concerning:
a) Income/sales;
b) Profit (loss);
c) Capital structure; or
d) Dividend policy;
e) Or others that deemed necessary for the Issuer or Public Company;
12) Marketing aspects of the company’s products and/or services the Issuer or Public Company, among others marketing strategy and
market share;
13) Description regarding the dividend policy during the last 2 (two) fiscal years, at least: 23
a) Dividend policy;
b) The date of the payment of cash dividend and/or date of distribution of non-cash dividend;
c) Amount of cash per share (cash and/or non cash); and
d) Amount of dividend per year paid;
Disclosure of information can be presented in tabular form. In the event that the Issuer or Public Company does not distribute
dividends in the last 2 (two) years, this matter shall be disclosed.
14) Use of proceeds from Public Offerings, under the condition of:
a) during the year under review, on which the Issuer has the obligation to report the realization of the use of proceeds, then the
realization of the cumulative use of proceeds until the year end should be disclosed; and
b) In the event that there were changes in the use of proceeds as stipulated in the Regulation of the Financial Services
Authority on the Report of the Utilization of Proceeds from Public Offering, then Issuer should explain the said changes;
15) Material information (if any), among others concerning investment, expansion, divestment, acquisition, debt/capital restructuring,
transactions with related parties and transactions with conflict of interest that occurred during the year under review, among
others include:
a) Transaction date, value, and object;
b) Name of transacting parties;
c) Nature of related parties (if any);
d) Description of the fairness of the transaction; and
e) Compliance with related rules and regulations;
f) In the event that there is an affiliation relationship, apart from disclosing the information as referred to in letter a) to letter e),
the Issuer or Public Company also discloses information:
1) A statement from the Board of Directors that the affiliate transaction has gone through adequate procedures to
ensure that the affiliate transaction is carried out in accordance with generally accepted business practices, by
complying with the arms-length principle; and
2) The role of the Board of Commissioners and the audit committee in carrying out adequate procedures to ensure that
affiliated transactions are carried out in accordance with generally accepted business practices, by complying with the
arms-length principle;
g) For affiliated transactions or material transactions which are business activities carried out to generate business income
and are carried out regularly, repeatedly, and/or continuously, an explanation is added that the affiliated transactions or
material transactions are business activities carried out to generate operating income. and run regularly, repeatedly, and/or
continuously;
h) For disclosure of affiliated transactions and/or conflict of interest transactions resulting from the implementation of affiliated
transactions and/or conflict of interest transactions that have been approved by independent shareholders, additional
information regarding the date of the GMS which approved the affiliated transactions and/or conflict of interest transactions
is added;
i) In the event that there is no affiliated transaction and/or conflict of interest transaction, then this shall be disclosed;
16) Changes in regulation which have a significant effect on the Issuer or Public Company and impacts on the company (if any); and
17) Changes in the accounting policy, rationale and impact on the financial statement (if any);
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g. Good Corporate Governance of the Issuer or Public Company
Good Corporate Governance of the Issuer or Public Company contains at least:
1) GMS, at least contains: 92-94
a) Information regarding the resolutions of the GMS in the fiscal year and 1 (one) year prior to the fiscal year include:
1) Resolutions of the GMS in the fiscal year and 1 (one) year before the fiscal year realized in the fiscal year; and
2) Resolutions of the GMS in the fiscal year and 1 (one) year before the fiscal year that have not been realized and the
reasons for not realizing them;
b) In the event that the Issuer or Public Company uses an independent party in the conduct of the GMS to calculate the votes,
then this matter shall be disclosed;
2) The Board of Directors, covering: 98-99
a) The tasks and responsibilities of each member of the Board of Directors;
b) Statement that the Board of Directors has already have board manual or charter;
c) Policies and implementation of the frequency of meetings of the Board of Directors, meetings of the Board of Directors with
the Board of Commissioners, and the level of attendance of members of the Board of Directors in the meeting including
attendance at the GMS;
d) Training and/or competency development of members of the Board of Directors:
(1) Policies for training and/or improving the competence of members of the Board of Directors, including an orientation
program for newly appointed members of the Board of Directors (if any); and
(2) Training and/or competency improvement attended by members of the Board of Directors in the fiscal year (if any);
e) The Board of Directors’ assessment of the performance of the committees that support the implementation of the Board of
Directors’ duties for the fiscal year shall at least contain:
(1) Performance appraisal procedures; and
(2) The criteria used are performance achievements during the fiscal year, are competence and attendance at meetings;
and
f) In the event that the Issuer or Public Company does not have a committee that supports the implementation of the duties of
the Board of Directors, this matter shall be disclosed.
3) The Board of Commissioners, among others include: 95-97
a) Duties and responsibilities of the Board of Commissioners;
b) Statement that the Board of Commissioners has already have the board manual or charter;
c) Policies and implementation of the frequency of meetings of the Board of Commissioners, meetings of the Board of
Commissioners with the Board of Directors and the level of attendance of members of the Board of Commissioners in these
meetings including attendance at the GMS;
d) Training and/or competency improvement of members of the Board of Commissioners:
(1) Policy on competency training and/or development of members of the Board of Commissioners, including orientation
programs for newly appointed members of the Board of Commissioners (if any); and
(2) Competency training and/or development attended by members of the Board of Commissioners in the fiscal year (if
any);
e) The assessment on the performance of the Board of Directors and Board of Commissioners and the implementation, at least
covering:
(1) procedure for the implementation of performance assessment;
(2) Criteria used are performance achievements during the fiscal year, competency and attendance at meetings; and
(3) Assessor;
f) Board of Commissioners’ assessment of the performance of the Committees that support the implementation of the duties
of the Board of Commissioners in the fiscal year includes:
(1) Performance appraisal procedures; and
(2) The criteria used are performance achievements during the fiscal year, competency and attendance at meetings;
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4) The nomination and remuneration of the Board of Directors and the Board of Commissioners shall at least contain: 101-102
a) Nomination procedure, including a brief description of the policies and process for nomination of members of the Board of
Directors and/or members of the Board of Commissioners; and
b) Procedures and implementation of remuneration for the Board of Directors and the Board of Commissioners, among others:
(1) Procedures for determining remuneration for the Board of Directors and the Board of Commissioners;
(2) The remuneration structure of the Board of Directors and the Board of Commissioners such as salary, allowances,
tantiem/bonus and others; and
(3) The amount of remuneration for each member of the Board of Directors and member of the Board of Commissioners
5) Sharia Supervisory Board, for Issuer or Public Company that conduct business based on sharia law, as stipulated in the articles of
N.A.
association, at least containing:
a) name;
b) Legal basis for the appointment of the sharia supervisory board;
c) Period of assignment of the sharia supervisory board;
d) duty and responsibility of Sharia Supervisory Board; and
e) frequency and procedure in providing advice and suggestion, as well as the compliance of Sharia Principles by the Issuer or
Public Company in the Capital Market;
6) Audit Committee, among others covering: 103-105
a) Name and position in the committee;
b) Age;
c) Citizenship;
d) Education background;
e) History of position; including:
(1) Legal basis for appointment as committee member;
(2) Dual position, as member of Board of Commissioners, member of Board of Directors, and/or member of committee,
and other position (if any); and
(3) working experience and period in and outside the Issuer or Public Company;
f) Period and terms of office of the member of Audit Committee;
g) statement of independence of the Audit Committee;
h) Training and/or competency improvement that have been followed in the fiscal year (if any);
i) Policies and implementation of the frequency of audit committee meetings and the level of attendance of audit committee
members in those meetings; and
j) the activities of the Audit Committee in the year under review, in accordance with the Audit Committee Charter;
7) The nomination & remuneration committee or function of the Issuer or Public Company, at least containing: 106-108
a) Name and position in committee membership;
b) Age;
c) Nationality;
d) Educational history;
e) Position history, including information on:
(1) Legal basis for appointment as committee member;
(2) Concurrent positions, either as a member of the Board of Commissioners, member of the Board of Directors, and/or
committee member and other positions (if any); and
(3) Work experience and period of time both inside and outside the Issuer or Public Company;
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f) Period and term of office of the committee members;
g) Statement of committee independence;
h) Training and/or competency improvement that have been followed in the fiscal year (if any);
i) Description of duties and responsibilities;
j) A statement that it has a guideline or charter;
k) Policies and implementation of the frequency of meetings and the level of attendance of members at the meeting;
l) Brief description of the implementation of activities in the fiscal year; and
m) In the event that no nomination & remuneration committee is formed, the Issuer or Public Company is sufficient to disclose
the information as referred to in letter i) to letter l) and disclose:
(1) Reasons for not forming the committee; and
(2) The party carrying out the nomination and remuneration function;
8) Other committees owned by Issuers or Public Companies in order to support the functions and tasks of the Board of Directors (if
109-110
any) and / or committees that support the functions and duties of the Board of Commissioners, the least contains:
a) Name and position in the Committee;
b) Age;
c) Citizenship;
d) Education background;
e) History of position, including:
(1) Legal basis for the appointment as member of the committee;
(2) Dual position, as member of Board of Commissioners, member of Board of Directors, and/or member of committee,
and other position (if any); and
(3) Working experience and period in and outside the Issuer or Public Company;
f) Period and terms of office of the member of Audit Committee;
g) Statement of committee independence;
h) Training and/or competency improvement that have been followed in the fiscal year (if any); and
i) Description of duties and responsibilities;
j) A statement that the committee has had guidelines or charters;
k) Policies and implementation of the frequency of committee meetings and the level of attendance of committee members at
the meeting; and
l) A brief description of the committee’s activities for the fiscal year;
9) Corporate Secretary, including: 111-112
a) name;
b) domicile;
c) history of position, including:
(1) legal basis for the appointment as Corporate Secretary; and
(2) working experience and period in and outside the Issuer or Public Company;
d) education background;
e) education and/or training during the year under review; and
f) brief description on the implementation of duties of the Corporate Secretary in the year under review;
10) Internal Audit Unit, among others including: 112-115
a) Name of Head of Internal Audit Unit;
b) History of position, including:
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(1) Legal basis for the appointment as Head of Internal Audit Unit; and
(2) Working experience and period in and outside the Issuer or Public Company;
c) Qualification or certification as internal auditor (if any);
d) Education and/or training during the year under review;
e) Structure and position of Internal Audit Unit;
f) Description of duties and responsibilities;
g) Statement that the Internal Audit Unit has already have Internal Audit Unit charter; and
h) Brief description on the implementation of duty of Internal Audit Unit during the year under review;
11) Description on internal control system adopted by the Issuer or Public Company, at least covering: 114-115
a) Financial and operational control, and compliance to the other prevailing rules; and
b) Review on the effectiveness of internal control systems;
c) Statement of the Board of Directors and/or Board of Commissioners on the adequacy of the internal control system;
12) Risk management system implemented by the company, at least includes: 108-109
a) General description about the company’s risk management system the Issuer or Public Company;
b) Types of risk and the management; and
c) Review the effectiveness of the risk management system applied by the Issuer or Public Company;
d) Statement of the Board of Directors and/or the Board of Commissioners or the audit committee on the adequacy of the risk
management system;
13) Legal cases that have a material impact faced by Issuers or Public Companies, subsidiaries, members of the Board of Directors
and members of the Board of Commissioners (if any), at least contain:
a) Substance of the case/claim;
b) Status of settlement of case/claim; and
c) Potential impacts on the condition of the Issuer or Public Company;
14) information about administrative sanctions imposed to Issuer or Public Company, members of the Board of Commissioners and
the Board of Directors, by the Capital Market Authority and other authorities during the last fiscal year (if any);
15) information about codes of conduct of the Issuer or Public Company, includes: 110-111
a) Key points of the code of conduct;
b) Socialization of the code of conduct and enforcement; and
c) Statement that the code of conduct is applicable for the Board of Commissioners, the Board of Directors, and employees of
the Issuer of Public Company;
16) A brief description of the policy of providing long-term performance-based compensation to management and/or employees
owned by the Issuer or Public Company (if any), including the management stock ownership program (MSOP) and/or program 117-119
employee stock ownership (ESOP);
a) Number of shares and/or options;
b) Implementation period;
c) Requirements for eligible employees and/or management; and
d) Exercise price or determination of exercise price;
17) A brief description of the information disclosure policy regarding: 119
a) Share ownership of members of the Board of Directors and members of the Board of Commissioners no later than 3 (three)
working days after the occurrence of ownership or any change in ownership of shares of a Public Company; and
b) Implementation of the policy;
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18) Description of whistleblowing system at the Issuer or Public Company (if any), among others include: 116-117
a) Mechanism for violation reporting;
b) Protection for the whistleblower;
c) Handling of violation reports;
d) Unit responsible for handling of violation report; and
e) Results from violation report handling, at least includes:
(1) Number of complaints received and processed during the fiscal year; and
(2) Follow up of complaints;
19) A description of the anti-corruption policy of the Issuer or Public Company, at least containing:
a) Programs and procedures implemented in overcoming corrupt practices, kickbacks, fraud, bribery and/or gratification in
Issuers or Public Companies; and
b) Anti-corruption training/socialization to employees of Issuers or Public Companies;
20) Implementation of the Guidelines of Corporate Governance for Public Companies for Issuer issuing Equity-based Securities or
Public Company, including:
a) statement regarding recommendation that have been implemented; and/or
b) description of recommendation that have not been implemented, along with the reason and alternatives of implementation
(if any);
h. Social and Environmental Responsibility of the Issuer or Public Company N.A
1) The information disclosed in the social and environmental responsibility section is a Sustainability Report as referred to in the
Financial Services Authority Regulation Number 51/POJK.03/2017 concerning the Implementation of Sustainable Finance for
Financial Services Institutions, Issuers, and Public Companies, at at least includes:
a) Explanation of the sustainability strategy;
b) Overview of sustainability aspects (economic, social, and environmental);
c) Brief profile of the Issuer or Public Company;
d) Explanation of the Board of Directors;
e) Sustainability governance;
f) Sustainability performance;
g) Written verification from an independent party, if any;
h) Feedback sheet for readers, if any; and
i) The response of the Issuer or Public Company to the previous year’s report feedback;
2) The Sustainability Report as referred to in number 1) must be prepared in accordance with the Technical Guidelines for the
Preparation of a Sustainability Report for Issuers and Public Companies as contained in Appendix II which is an integral part of this
Financial Services Authority Circular Letter;
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3) Information on the Sustainability Report in number 1) can:
a) Disclosed in other relevant sections outside the Social and Environmental Responsibility section, such as the Directors’
explanation regarding the Sustainability Report disclosed in the section related to the Directors’ Report; and/or
b) Refers to other sections outside the Social and Environmental Responsibility section by still referring to the Technical
Guidelines for the Preparation of Sustainability Reports for Issuers and Public Companies as listed in Appendix II which is an
integral part of this Financial Services Authority Circular Letter, such as the profile of the Issuer or Public Company;
4) The Sustainability Report as referred to in number 1) is an inseparable part of the Annual Report but can be presented separately
from the Annual Report;
5) In the event that the Sustainability Report is presented separately from the Annual Report, the information disclosed in the
Sustainability Report must:
a) Contains all the information as referred to in number 1); and
b) Prepared in accordance with the Technical Guidelines for the Preparation of a Sustainability Report for Issuers and Public
Companies as listed in Appendix II which is an integral part of this Financial Services Authority Circular Letter;
6) In the event that the Sustainability Report is presented separately from the Annual Report, then the Social and Environmental
Responsibility section contains information that information on Social and Environmental Responsibility has been disclosed in the
Sustainability Report which is presented separately from the Annual Report; and
7) Submission of the Sustainability Report which is presented separately from the Annual Report must be submitted together with
the Annual Report.
i Audited Annual Financial Statement 141-502
Financial Statements included in Annual Report should be prepared in accordance with the Financial Accounting Standards in Indonesia
and audited by an Accountant. The said financial statement should be included with statement of responsibility for financial report as
stipulated in the legislations in the Capital Markets sector governing the responsibility of the Board of Directors on the financial report or
the legislations in the Capital Markets sector governing the periodic reports of securities company in the event the Issuer is a Securities
Company; and
j Letter of Statement of the Board of Directors and the Board of Commissioners regarding the Responsibility for Annual Reporting 121
Letter of statement of the Board of Directors and the Board of Commissioners regarding the responsibility for Annual Reporting should
be prepared according to the format of letter of statement of member of Board of Directors and the Board of Commissioners regarding
the responsibility for Annual Reporting as attached in the Attachment, which is an integral part of this Circulation Letter of the Financial
Services Authority.
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PT Medco Energi Internasional Tbk
dan entitas anaknya/and its subsidiaries
Laporan keuangan konsolidasian
tanggal 31 Desember 2023
dan untuk tahun yang berakhir pada tanggal tersebut
beserta laporan auditor independen/
Consolidated financial statements
as of December 31, 2023 for the year then ended
with independent auditor's report
142 PT Medco Energi Internasional Tbk 2023 Annual Report
Page 145
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN KEUANGAN CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TANGGAL 31 DESEMBER 2023 AS OF DECEMBER 31, 2023
DAN UNTUK TAHUN YANG BERAKHIR PADA AND FOR THE YEAR THEN ENDED
TANGGAL TERSEBUT WITH INDEPENDENT AUDITOR’S REPORT
BESERTA LAPORAN AUDITOR INDEPENDEN
Daftar Isi Table of Contents
Halaman/
Page
Surat Pernyataan Direksi Statement of the Board of Directors
Laporan Auditor Independen ....................................... Independent Auditor’s Report
Consolidated Statement of Financial
Laporan Posisi Keuangan Konsolidasian .................. 1-3 ................................................................. Position_
Laporan Laba Rugi dan Penghasilan Consolidated Statement of Profit or Loss
Komprehensif Lain Konsolidasian ........................ 4-6 ........................and Other Comprehensive Income_
Consolidated Statement of Changes in
Laporan Perubahan Ekuitas Konsolidasian .............. 7-8 .................................................................... Equity_
Laporan Arus Kas Konsolidasian ................................ 9-10 ...................Consolidated Statement of Cash Flows
Notes to the Consolidated Financial
Catatan Atas Laporan Keuangan Konsolidasian .... 11-336 .............................................................Statements_
Informasi Tambahan ..................................................... 337-343 ......................................Supplementary Information
***************************
2023 Annual Report PT Medco Energi Internasional Tbk 143
Page 146
144 PT Medco Energi Internasional Tbk 2023 Annual Report
Page 147
EXPANDING OUR HORIZONS 2023 Annual Report PT Medco Energi Internasional Tbk 145
Page 148
The original report included herein is in
the Indonesian language.
Laporan Audit or Independen Independent Audit or’s Report
Laporan No. 00474/ 2.1032/ AU.1/ 02/ 0696- Report No. 00474/ 2.1032/ AU.1/ 02/ 0696-
4/ 1/ IV/ 2024 4/ 1/ IV/ 2024
Pemegang Saham, Dewan Komisaris, dan The Shareholders and t he Boards of
Dir eksi Commissioners and Direct ors
PT Medco Energi Int ernasional Tbk PT Medco Energi Int ernasional Tbk
Opini Opinion
Kami telah mengaudit laporan keuangan We have audited the accompanying consolidated
konsolidasian PT Medco Energi Internasional Tbk financial statements of PT Medco Energi
(“ Perusahaan” ) dan entitas anaknya (secara Internasional Tbk (the “ Company” ) and its
kolektif disebut sebagai “ Grup” ) terlampir, yang subsidiaries (collectively referred to as the
terdiri dari laporan posisi keuangan konsolidasian “ Group” ), which comprise the consolidated
tanggal 31 Desember 2023, serta laporan laba statement of financial position as of December 31,
rugi dan penghasilan komprehensif lain 2023, and the consolidated statement of profit or
konsolidasian, laporan perubahan ekuitas loss and other comprehensive income,
konsolidasian, dan laporan arus kas konsolidasian consolidated statement of changes in equity, and
untuk tahun yang berakhir pada tanggal tersebut, consolidated statement of cash flows for the year
serta catatan atas laporan keuangan then ended, and notes to the consolidated financial
konsolidasian, termasuk informasi kebijakan statements, including material accounting policy
akuntansi material. information.
Menurut opini kami, laporan keuangan In our opinion, the accompanying consolidated
konsolidasian terlampir menyajikan secara wajar, financial statements present fairly, in all material
dalam semua hal yang material, posisi keuangan respect s, the consolidated financial position of the
konsolidasian Grup tanggal 31 Desember 2023, Group as of December 31, 2023, and its
serta kinerja keuangan dan arus kas konsolidasian consolidated financial performance and cash flows
nya untuk tahun yang berakhir pada tanggal for the year then ended, in accordance with
tersebut, sesuai dengan Standar Akuntansi Indonesian Financial Accounting Standards.
Keuangan di Indonesia.
i
146 PT Medco Energi Internasional Tbk 2023 Annual Report
Page 149
EXPANDING OUR HORIZONS
The original report included herein is in
the Indonesian language.
Laporan Audit or Independen (lanjut an) Independent Audit or’s Report (cont inued)
Laporan No. 00474/ 2.1032/ AU.1/ 02/ 0696- Report No. 00474/ 2.1032/ AU.1/ 02/ 0696-
4/ 1/ IV/ 2024 (lanjutan) 4/ 1/ IV/ 2024 (continued)
Basis opini Basis for opinion
Kami melaksanakan audit kami berdasarkan We conducted our audit in accordance with
Standar Audit yang ditetapkan oleh Institut Standards on Auditing established by the
Akuntan Publik Indonesia (“ IAPI” ). Tanggung Indonesian Institute of Certified Public Accountants
jawab kami menurut standar tersebut diuraikan (“ IICPA” ). Our responsibilities under those
lebih lanjut dalam paragraf Tanggung Jawab standards are further described in the Auditor’s
Auditor terhadap Audit atas Laporan Keuangan Responsibilities for the Audit of the Consolidated
Konsolidasian pada laporan kami. Kami Financial Statements paragraph of our report. We
independen terhadap Grup berdasarkan are independent of the Group in accordance with
ketentuan etika yang relevan dalam audit kami the ethical requirements relevant to our audit of
atas laporan keuangan konsolidasian di Indonesia, the consolidated financial statements in Indonesia,
dan kami telah memenuhi tanggung jawab etika and we have fulfilled our other ethical
lainnya berdasarkan ketentuan tersebut. Kami responsibilities in accordance with such
yakin bahwa bukti audit yang telah kami peroleh requirements. We believe that the audit evidence
adalah cukup dan tepat untuk menyediakan suat u we have obtained is sufficient and appropriate to
basis bagi opini kami. provide a basis for our opinion.
Hal audit ut ama Key audit mat t ers
Hal audit utama adalah hal-hal yang, menurut Key audit matters are those mat ters that , in our
pertimbangan profesional kami, merupakan hal professional judgment, were of most significance in
yang paling signifikan dalam audit kami atas our audit of the consolidated financial statements
laporan keuangan konsolidasian periode kini. Hal of the current period. Such key audit matters were
audit utama tersebut disampaikan dalam konteks addressed in the context of our audit of the
audit kami atas laporan keuangan konsolidasian consolidated financial statements taken as a whole,
secara keseluruhan, dan dalam merumuskan opini and in forming our opinion t hereon, and we do not
kami atas laporan keuangan konsolidasian terkait , provide a separate opinion on such key audit
dan kami tidak menyatakan suatu opini terpisah matters. For each of the key audit matters below,
atas hal audit utama tersebut. Untuk setiap hal our description of how our audit addressed such
audit utama di bawah ini, penjelasan kami tentang key audit matters is provided in such context.
bagaimana audit kami merespons hal tersebut
disampaikan dalam konteks tersebut.
ii
2023 Annual Report PT Medco Energi Internasional Tbk 147
Page 150
The original report included herein is in
the Indonesian language.
Laporan Audit or Independen (lanjut an) Independent Audit or’s Report (cont inued)
Laporan No. 00474/ 2.1032/ AU.1/ 02/ 0696- Report No. 00474/ 2.1032/ AU.1/ 02/ 0696-
4/ 1/ IV/ 2024 (lanjutan) 4/ 1/ IV/ 2024 (continued)
Hal audit Ut ama (lanjut an) Key audit mat t ers (cont inued)
Kami telah memenuhi tanggung jawab yang We have fulfilled the responsibilities described in
diuraikan dalam paragraf Tanggung Jawab the Auditor’s Responsibilities for the Audit of the
Auditor terhadap Audit atas Laporan Keuangan Consolidated Financial Statement s paragraph of
Konsolidasian pada laporan kami, termasuk our report, including in relation to the key audit
sehubungan dengan hal-hal audit utama yang matters communicated below. Accordingly, our
dikomunikasikan di bawah ini. Oleh karena itu, audit included the performance of procedures
audit kami mencakup pelaksanaan prosedur yang designed to respond to our assessment of the risks
didesain untuk merespons penilaian kami atas of material misstatement of the accompanying
risiko kesalahan penyajian material dalam laporan consolidated financial statements. The results of
keuangan konsolidasian terlampir. Hasil prosedur our audit procedures, including the procedures
audit kami, termasuk prosedur yang dilakukan performed to address the key audit matters below,
untuk merespons hal-hal audit utama di bawah ini, provide the basis for our opinion on the
menyediakan basis bagi opini kami atas laporan accompanying consolidated financial statements.
keuangan konsolidasian terlampir.
Akuisisi atas hak partisipasi pada blok produksi Acquisition of working interest in an oil and gas
minyak dan gas bumi production block
Penjelasan atas hal audit utama: Description of the key audit matter:
Pada bulan Desember 2023, Grup telah In December 2023, the Group completed the
menyelesaikan akuisisi atas 20%hak partisipasi acquisition of a 20%working interest in an oil and
pada blok produksi minyak dan gas bumi yang gas production block located in Oman for a total
berlokasi di Oman dengan jumlah imbalan yang consideration transferred of US$585 million.
dialihkan sebesar AS$585 juta.
Grup telah melakukan alokasi harga pembelian The Group performed a provisional purchase
sementara (“ PPA” ) pada tanggal akuisisi, di price allocation (“ PPA” ) at the acquisition date,
mana jumlah imbalan yang dialihkan whereby the total consideration transferred was
dialokasikan pada nilai wajar aset teridentifikasi allocated to the fair values of the identifiable
yang diperoleh dan liabilitas yang diambil alih, assets acquired and liabilities assumed, resulting
yang menghasilkan pembelian dengan diskon in a bargain purchase amounting to
sebesar AS$36,2 juta. US$36.2 million.
iii
148 PT Medco Energi Internasional Tbk 2023 Annual Report
Page 151
EXPANDING OUR HORIZONS
The original report included herein is in
the Indonesian language.
Laporan Audit or Independen (lanjut an) Independent Audit or’s Report (cont inued)
Laporan No. 00474/ 2.1032/ AU.1/ 02/ 0696- Report No. 00474/ 2.1032/ AU.1/ 02/ 0696-
4/ 1/ IV/ 2024 (lanjutan) 4/ 1/ IV/ 2024 (continued)
Hal audit Ut ama (lanjut an) Key audit mat t ers (cont inued)
Akuisisi atas hak partisipasi pada blok produksi Acquisition of working interest in an oil and gas
minyak dan gas bumi (lanjutan) production block (continued)
Penjelasan atas hal audit utama: (lanjut an) Description of the key audit matter: (continued)
Dalam melakukan PPA, pertimbangan signifikan In performing the PPA, significant judgment s were
digunakan oleh manajemen dalam menentukan exercised by management in establishing the initial
estimasi awal nilai wajar aset teridentifikasi yang estimates of the fair values of the identifiable
diperoleh dan liabilitas yang diambil alih, assets acquired and liabilities assumed, including
termasuk penilaian atas aset minyak dan gas bumi the valuation of the acquired oil and gas properties,
yang diperoleh, yang didasarkan pada which is based on the use of certain key
penggunaan asumsi-asumsi utama. Grup telah assumptions. The Group involved management’s
melibat kan pakar internal (pakar cadangan) dan internal experts (reservoir engineers) and external
pakar eksternal manajemen (konsultan teknik experts (independent petroleum engineering
perminyakan independen) dalam melakukan consultants) in the valuation of the acquired oil and
penilaian aset minyak dan gas bumi yang gas properties.
diperoleh.
Kebijakan akuntansi Grup untuk kombinasi bisnis The Group's accounting policy for business
disampaikan pada Catatan 2 atas laporan combinations is set out in Note 2 to the
keuangan konsolidasian terlampir dan rincian atas accompanying consolidated financial statements
kombinasi bisnis diungkapkan pada Catatan 47 and the details of the business combination are
atas laporan keuangan konsolidasian terlampir. disclosed in Note 47 to the accompanying
consolidated financial statements.
Respons audit: Audit response:
Kami memeroleh pemahaman atas metodologi We obtained an understanding of management’s
dan proses manajemen dalam mengidentifikasi methodology and process in identifying the assets
aset yang diperoleh dan liabilitas yang diambil alih acquired and liabilities assumed and in assigning
dan juga dalam mengalokasikan nilai wajar dalam their fair values in the provisional PPA. We
melakukan PPA sementara. Kami mengevaluasi evaluated the appropriateness of the
kesesuaian proses manajemen dalam management’s process in identifying the assets
mengidentifikasi aset yang diperoleh dan liabilitas acquired and liabilities assumed.
yang diambil alih.
Kami menguji akurasi dan kelengkapan PPA dan We tested the accuracy and completeness of the
perhitungan pendukungnya dengan sumber data PPA and its supporting calculations to source
dan perjanjian yang mendasari. input s and underlying agreement.
iv
2023 Annual Report PT Medco Energi Internasional Tbk 149
Page 152
The original report included herein is in
the Indonesian language.
Laporan Audit or Independen (lanjut an) Independent Audit or’s Report (cont inued)
Laporan No. 00474/ 2.1032/ AU.1/ 02/ 0696- Report No. 00474/ 2.1032/ AU.1/ 02/ 0696-
4/ 1/ IV/ 2024 (lanjutan) 4/ 1/ IV/ 2024 (continued)
Hal audit Ut ama (lanjut an) Key audit mat t ers (cont inued)
Akuisisi atas hak partisipasi pada blok produksi Acquisition of working interest in an oil and gas
minyak dan gas bumi (lanjutan) production block (continued)
Respons audit: (lanjutan) Audit response: (continued)
Kami mengevaluasi penilaian atas aset minyak We evaluated the valuation of the acquired oil and
dan gas bumi yang diperoleh, yang ditentukan gas properties, which are based on estimated
berdasarkan arus kas masa depan dan laporan future cash flows and oil and gas reserves report.
cadangan minyak dan gas bumi. Kami menilai We assessed the competence, capability, and
kompetensi, kapabilitas, dan objektivitas pakar objectivity of management’s internal and external
internal dan eksternal manajemen yang terlibat experts who were involved in t he valuation of the
dalam melakukan penilaian aset minyak dan gas acquired oil and gas properties. We obtained the
bumi yang diperoleh. Kami memeroleh laporan reserves report of the oil and gas properties and
cadangan minyak dan gas bumi dan meminta inquired with management’s reserves experts to
keterangan kepada pakar cadangan manajemen understand whether the reserves estimates are
untuk memperoleh pemahaman apakah estimasi consistent with the Group’s reserves policy. We
cadangan telah konsisten dengan kebijakan evaluated t he reasonableness of key assumptions
cadangan Grup. Kami mengevaluasi kewajaran used in the valuation of the acquired oil and gas
asumsi-asumsi utama yang digunakan dalam properties such as the future oil and gas price
penilaian aset minyak dan gas bumi yang used by comparing with forecast of oil and gas
diperoleh seperti harga minyak dan gas masa prices published by independent global energy
depan dibandingkan dengan prakiraan harga firm. We involved our auditor’s internal expert to
minyak dan gas bumi yang dipublikasikan oleh test the appropriateness of discount rate applied
perusahaan energi independen global. Kami to the future cash flows.
melibat kan pakar auditor internal untuk menguji
kesesuaian tingkat diskonto yang digunakan atas
arus kas masa depan.
Kami mengevaluasi kecukupan pengungkapan We evaluated the adequacy of disclosures of this
transaksi akuisisi dan PPA sementara pada acquisition transaction and its provisional PPA in
catatan atas laporan keuangan konsolidasian the notes to the accompanying consolidated
terlampir. financial statements.
v
150 PT Medco Energi Internasional Tbk 2023 Annual Report
Page 153
EXPANDING OUR HORIZONS
The original report included herein is in
the Indonesian language.
Laporan Audit or Independen (lanjut an) Independent Audit or’s Report (cont inued)
Laporan No. 00474/ 2.1032/ AU.1/ 02/ 0696- Report No. 00474/ 2.1032/ AU.1/ 02/ 0696-
4/ 1/ IV/ 2024 (lanjutan) 4/ 1/ IV/ 2024 (continued)
Hal audit Ut ama (lanjut an) Key audit mat t ers (cont inued)
Estimasi atas cadangan minyak dan gas bumi Estimation of oil and gas reserves
Penjelasan atas hal audit utama: Description of the key audit matter:
Cadangan minyak dan gas bumi digunakan dalam Oil and gas reserves are used in the calculation of
perhitungan depresiasi, deplesi, dan amortisasi the depreciation, depletion and amortization
(“ DD&A” ) aset minyak dan gas bumi Grup, expenses (“ DD&A” ) of the Group’s oil and gas
pengujian penurunan nilai aset minyak dan gas properties, impairment testing of oil and gas
bumi, dan penilaian atas pemulihan aset pajak properties, and assessment of recoverability of
tangguhan dari kegiatan operasi minyak dan gas deferred tax assets related to oil and gas
bumi, yang merupakan pos material dalam operations, which are material line items in the
laporan keuangan konsolidasian terlampir. Grup accompanying consolidated financial statements.
telah melibatkan pakar internal (pakar cadangan) The Group has involved management’s internal
dan pakar eksternal manajemen (konsultan teknik experts (reservoir engineers) and external experts
perminyakan independen) dalam estimasi (independent pet roleum engineering consultant s)
cadangan minyak dan gas bumi. in the estimation of the oil and gas reserves.
Sebagaimana diungkapkan pada Catatan 3 atas As described in Note 3 to the accompanying
laporan keuangan konsolidasian terlampir, consolidated financial statements, the estimation
estimasi atas cadangan minyak dan gas bumi of oil and gas reserves is complex as the
bersifat kompleks karena asumsi yang digunakan assumptions used involve significant judgments
melibat kan pertimbangan dan estimasi signifikan, and estimates, among others, price assumptions,
antara lain, asumsi harga, prakiraan produksi, dan production forecasts, and future operating and
asumsi biaya operasi dan biaya modal masa capital cost assumptions.
depan.
Pengungkapan manajemen atas DD&A dan The management’s disclosures on the DD&A and
pengujian penurunan nilai aset minyak dan gas impairment test of oil and gas properties, and
bumi, dan penilaian atas pemulihan aset pajak assessment of recoverabilit y of deferred tax assets
tangguhan diungkapkan masing-masing pada are included in Notes 18 and 38, respectively, to
Catatan 18 dan 38 atas laporan keuangan the accompanying consolidated financial
konsolidasian terlampir. statements.
Respons audit: Audit response:
Kami memeroleh pemahaman atas proses We obtained an understanding of the oil and gas
estimasi cadangan minyak dan gas bumi Grup dan reserves estimation process of the Group and
kami menilai kompentensi, kapabilitas, dan assessed the competence, capabilit y, and
objektivitas pakar internal dan eksternal objectivity of management’s internal and external
manajemen yang terlibat dalam proses estimasi experts who were involved in the estimation
cadangan minyak dan gas bumi. process of the oil and gas reserves.
vi
2023 Annual Report PT Medco Energi Internasional Tbk 151
Page 154
The original report included herein is in
the Indonesian language.
Laporan Audit or Independen (lanjut an) Independent Audit or’s Report (cont inued)
Laporan No. 00474/ 2.1032/ AU.1/ 02/ 0696- Report No. 00474/ 2.1032/ AU.1/ 02/ 0696-
4/ 1/ IV/ 2024 (lanjutan) 4/ 1/ IV/ 2024 (continued)
Hal audit Ut ama (lanjut an) Key audit mat t ers (cont inued)
Respons audit: (lanjutan) Audit response: (continued)
Kami menganalisis pergerakan material atas We analyzed material movements in the reserves
cadangan minyak dan gas bumi pada tahun volume during the year and assessed whether the
berjalan dan menilai apakah kenaikan atau increases or decreases in the reserves volume had
penurunan tersebut terjadi pada periode yang taken place in the proper period through
tepat melalui inspeksi dokumen pendukung inspection of underlying supporting document s,
seperti laporan produksi, rencana pengembangan such as production report s, plan of developments
dan perjanjian pasokan gas, jika dapat diterapkan. and gas supply agreements, as applicable.
Kami menguji apakah data pada laporan cadangan We tested whether the data in the oil and gas
minyak dan gas bumi telah secara konsisten reserves report were consistently applied in the
digunakan pada pos laporan keuangan terkait , related financial statement items, such as DD&A,
seperti DD&A, pengujian penurunan nilai aset impairment test of oil and gas properties, and
minyak dan gas bumi, serta penilaian atas assessment of recoverability of deferred tax
pemulihan aset pajak tangguhan dari operasi assets related to oil and gas operations.
minyak dan gas bumi.
vii
152 PT Medco Energi Internasional Tbk 2023 Annual Report
Page 155
EXPANDING OUR HORIZONS
The original report included herein is in
the Indonesian language.
Laporan Audit or Independen (lanjut an) Independent Audit or’s Report (cont inued)
Laporan No. 00474/ 2.1032/ AU.1/ 02/ 0696- Report No. 00474/ 2.1032/ AU.1/ 02/ 0696-
4/ 1/ IV/ 2024 (lanjutan) 4/ 1/ IV/ 2024 (continued)
Informasi lain Ot her informat ion
Manajemen bertanggung jawab atas informasi Management is responsible for the other
lain. Informasi lain terdiri dari informasi yang information. Other information comprises the
tercantum dalam Laporan Tahunan 2023 PT information included in the 2023 Annual Report PT
Medco Energi Internasional Tbk (“ Laporan Medco Energi Internasional Tbk (“ The Annual
Tahunan” ) selain laporan keuangan konsolidasian Report” ) other than the accompanying
terlampir dan laporan auditor independen kami. consolidated financial statements and our
Laporan Tahunan diharapkan akan tersedia bagi independent auditor’s report thereon. The Annual
kami setelah tanggal laporan auditor independen Report is expected to be made available to us after
ini. the date of this independent auditor’s report.
Opini kami atas laporan keuangan Our opinion on the accompanying consolidated
konsolidasianterlampir tidak mencakup Laporan financial statements does not cover the Annual
Tahunan, dan oleh karena itu, kami tidak Report, and accordingly, we do not express any
menyatakan bentuk keyakinan apapun atas form of assurance on the Annual Report .
Laporan Tahunan tersebut.
Sehubungan dengan audit kami atas laporan In connection with our audit of the accompanying
keuangan konsolidasian terlampir, tanggung consolidated financial statements, our
jawab kami adalah untuk membaca Laporan responsibility is to read the Annual Report when it
Tahunan ketika tersedia dan, dalam becomes available and, in doing so, consider
melaksanakannya, mempertimbangkan apakah whether the Annual Report is materially
Laporan Tahunan mengandung inconsistent with the accompanying consolidated
ketidakkonsistensian material dengan laporan financial statements or our knowledge obtained in
keuangan konsolidasian terlampir atau the audit, or otherwise appears to be materially
pemahaman yang kami peroleh selama audit, misstated.
atau mengandung kesalahan penyajian material.
Ketika kami membaca Laporan Tahunan, jika When we read the Annual Report , if we conclude
kami menyimpulkan bahwa terdapat suatu that there is a material misstatement therein, we
kesalahan penyajian material di dalamnya, kami are required to communicate the matter to those
diharuskan untuk mengomunikasikan hal charged with governance and take appropriate
tersebut kepada pihak yang bertanggung jawab actions based on the applicable laws and
atas tata kelola dan melakukan tindakan yang regulations.
tepat berdasarkan peraturan perundang-
undangan yang berlaku.
viii
2023 Annual Report PT Medco Energi Internasional Tbk 153
Page 156
The original report included herein is in
the Indonesian language.
Laporan Audit or Independen (lanjut an) Independent Audit or’s Report (cont inued)
Laporan No. 00474/ 2.1032/ AU.1/ 02/ 0696- Report No. 00474/ 2.1032/ AU.1/ 02/ 0696-
4/ 1/ IV/ 2024 (lanjutan) 4/ 1/ IV/ 2024 (continued)
Tanggung jawab manajemen dan pihak yang Responsibilit ies of management and t hose
bert anggung jawab at as t at a kelola t erhadap charged wit h governance for t he consolidat ed
laporan keuangan konsolidasian financial st at ement s
Manajemen bertanggung jawab atas penyusunan Management is responsible for the preparation and
dan penyajian wajar laporan keuangan fair presentation of the consolidated financial
konsolidasian tersebut sesuai dengan Standar statements in accordance with Indonesian Financial
Akuntansi Keuangan di Indonesia, dan atas Accounting Standards, and for such internal
pengendalian internal yang dianggap perlu oleh control as management determines is necessary to
manajemen untuk memungkinkan penyusunan enable the preparation of consolidated financial
laporan keuangan konsolidasian yang bebas dari statements that are free from material
kesalahan penyajian material, baik yang misstatement, whether due to fraud or error.
disebabkan oleh kecurangan maupun kesalahan.
Dalam penyusunan laporan keuangan In preparing the consolidated financial statements,
konsolidasian, manajemen bertanggung jawab management is responsible for assessing the
untuk menilai kemampuan Grup dalam Group’s abilit y to continue as a going concern,
mempertahankan kelangsungan usahanya, disclosing, as applicable, matters related to going
mengungkapkan, sesuai dengan kondisinya, hal- concern, and using the going concern basis of
hal yang berkaitan dengan kelangsungan usaha, accounting, unless management either intends to
dan menggunakan basis akuntansi kelangsungan liquidate the Group or to cease its operations, or
usaha, kecuali manajemen memiliki intensi untuk has no realistic alternative but to do so.
melikuidasi Grup atau menghentikan operasi, atau
tidak memiliki alternatif yang realistis selain
melaksanakannya.
Pihak yang bertanggung jawab atas tata kelola Those charged with governance are responsible for
bertanggung jawab untuk mengawasi proses overseeing the Group’s financial reporting process.
pelaporan keuangan Grup.
ix
154 PT Medco Energi Internasional Tbk 2023 Annual Report
Page 157
EXPANDING OUR HORIZONS
The original report included herein is in
the Indonesian language.
Laporan Audit or Independen (lanjut an) Independent Audit or’s Report (cont inued)
Laporan No. 00474/ 2.1032/ AU.1/ 02/ 0696- Report No. 00474/ 2.1032/ AU.1/ 02/ 0696-
4/ 1/ IV/ 2024 (lanjutan) 4/ 1/ IV/ 2024 (continued)
Tanggung jawab audit or t erhadap audit at as Audit or’s responsibilit ies for t he audit of t he
laporan keuangan konsolidasian consolidat ed financial st at ement s
Tujuan kami adalah untuk memeroleh keyakinan Our objectives are to obtain reasonable assurance
memadai tentang apakah laporan keuangan about whether the consolidated financial
konsolidasian secara keseluruhan bebas dari statements taken as a whole are free from material
kesalahan penyajian material, baik yang misstatement, whether due to fraud or error, and
disebabkan oleh kecurangan maupun kesalahan, to issue an independent auditor’s report that
dan untuk menerbitkan laporan auditor includes our opinion. Reasonable assurance is a
independen yang mencakup opini kami. Keyakinan high level of assurance, but is not a guarantee that
memadai merupakan suatu tingkat keyakinan an audit conducted in accordance with Standards
tinggi, namun bukan merupakan suatu jaminan on Auditing established by the IICPA will always
bahwa audit yang dilaksanakan berdasarkan detect a material misstatement when it exists.
Standar Audit yang ditetapkan oleh IAPI akan Misstatements can arise from fraud or error and
selalu mendeteksi kesalahan penyajian material are considered material if, individually or in the
ketika hal tersebut ada. Kesalahan penyajian aggregate, they could reasonably be expected to
dapat disebabkan oleh kecurangan maupun influence the economic decisions of users taken on
kesalahan dan dianggap material jika, baik secara the basis of these consolidated financial
individual maupun agregat , dapat diekspektasikan statements.
secara wajar akan memengaruhi keputusan
ekonomi yang diambil oleh pengguna berdasarkan
laporan keuangan konsolidasian tersebut.
Sebagai bagian dari suatu audit berdasarkan As part of an audit in accordance with Standards on
Standar Audit yang ditetapkan oleh IAPI, kami Auditing established by the IICPA, we exercise
menerapkan pertimbangan profesional dan professional judgment and maintain professional
mempertahankan skeptisisme profesional selama skepticism throughout the audit . We also:
audit. Kami juga:
Mengidentifikasi dan menilai risiko kesalahan Identify and assess the risks of material
penyajian material dalam laporan keuangan misstatement of the consolidated financial
konsolidasian, baik yang disebabkan oleh statements, whether due to fraud or error,
kecurangan maupun kesalahan, mendesain design and perform audit procedures
dan melaksanakan prosedur audit yang responsive to such risks, and obtain audit
responsif terhadap risiko tersebut, serta evidence that is sufficient and appropriate to
memeroleh bukti audit yang cukup dan tepat provide a basis for our opinion. The risk of not
untuk menyediakan basis bagi opini kami. detecting a material misstatement resulting
Risiko tidak terdeteksinya suatu kesalahan from fraud is higher than for one resulting from
penyajian material yang disebabkan oleh error, as fraud may involve collusion, forgery,
kecurangan lebih tinggi dari yang disebabkan intentional omissions, misrepresentations, or
oleh kesalahan, karena kecurangan dapat override of internal control.
melibat kan kolusi, pemalsuan, penghilangan
secara sengaja, pernyataan salah, atau
pengabaian atas pengendalian internal.
x
2023 Annual Report PT Medco Energi Internasional Tbk 155
Page 158
The original report included herein is in
the Indonesian language.
Laporan Audit or Independen (lanjut an) Independent Audit or’s Report (cont inued)
Laporan No. 00474/ 2.1032/ AU.1/ 02/ 0696- Report No. 00474/ 2.1032/ AU.1/ 02/ 0696-
4/ 1/ IV/ 2024 (lanjutan) 4/ 1/ IV/ 2024 (continued)
Tanggung jawab audit or t erhadap audit at as Audit or’s responsibilit ies for t he audit of t he
laporan keuangan konsolidasian (lanjut an) consolidat ed financial st at ement s (cont inued)
Sebagai bagian dari suatu audit berdasarkan As part of an audit in accordance with Standards on
Standar Audit yang ditetapkan oleh IAPI, kami Auditing established by the IICPA, we exercise
menerapkan pertimbangan profesional dan professional judgment and maintain professional
mempertahankan skeptisisme profesional selama skepticism throughout the audit. We also:
audit. Kami juga: (lanjutan) (continued)
Memeroleh suatu pemahaman tentang Obtain an understanding of internal control
pengendalian internal yang relevan dengan relevant to the audit in order to design audit
audit untuk mendesain prosedur audit yang procedures that are appropriate in the
tepat sesuai dengan kondisinya, tetapi bukan circumstances, but not for the purpose of
untuk tujuan menyatakan opini atas expressing an opinion on the effectiveness of
keefektivitasan pengendalian internal Grup. the Group’s internal control.
Mengevaluasi ketepatan kebijakan akuntansi Evaluate the appropriateness of accounting
yang digunakan serta kewajaran estimasi policies used and the reasonableness of
akuntansi dan pengungkapan terkait yang accounting estimates and related disclosures
dibuat oleh manajemen. made by management.
Menyimpulkan ketepatan penggunaan basis Conclude on the appropriateness of
akuntansi kelangsungan usaha oleh management's use of the going concern basis
manajemen dan, berdasarkan bukti audit yang of accounting and, based on the audit evidence
diperoleh, apakah terdapat suatu obtained, whether a material uncertainty exists
ketidakpastian material yang terkait dengan related to event s or conditions that may cast
peristiwa atau kondisi yang dapat significant doubt on the Group's abilit y to
menyebabkan keraguan signifikan atas continue as a going concern. If we conclude
kemampuan Grup untuk mempertahankan that a material uncertaint y exists, we are
kelangsungan usahanya. Ketika kami required to draw attention in our independent
menyimpulkan bahwa terdapat suatu auditor’s report to the related disclosures in
ketidakpastian material, kami diharuskan the consolidated financial statements or, if
untuk menarik perhatian dalam laporan such disclosures are inadequate, to modify our
auditor independen kami ke pengungkapan opinion. Our conclusion is based on the audit
terkait dalam laporan keuangan konsolidasian evidence obtained up to the date of our
atau, jika pengungkapan tersebut tidak independent auditor’s report. However, future
memadai, memodifikasi opini kami. events or conditions may cause the Group to
Kesimpulan kami didasarkan pada bukti audit cease to continue as a going concern.
yang diperoleh hingga tanggal laporan auditor
independen kami. Namun, peristiwa atau
kondisi masa depan dapat menyebabkan Grup
tidak dapat mempertahankan kelangsungan
usaha.
xi
156 PT Medco Energi Internasional Tbk 2023 Annual Report
Page 159
EXPANDING OUR HORIZONS
The original report included herein is in
the Indonesian language.
Laporan Audit or Independen (lanjut an) Independent Audit or’s Report (cont inued)
Laporan No. 00474/ 2.1032/ AU.1/ 02/ 0696- Report No. 00474/ 2.1032/ AU.1/ 02/ 0696-
4/ 1/ IV/ 2024 (lanjutan) 4/ 1/ IV/ 2024 (continued)
Tanggung jawab audit or t erhadap audit at as Audit or’s responsibilit ies for t he audit of t he
laporan keuangan konsolidasian (lanjut an) consolidat ed financial st at ement s (cont inued)
Sebagai bagian dari suatu audit berdasarkan As part of an audit in accordance with Standards on
Standar Audit yang ditetapkan oleh IAPI, kami Auditing established by the IICPA, we exercise
menerapkan pertimbangan profesional dan professional judgment and maintain professional
mempertahankan skeptisisme profesional selama skepticism throughout the audit. We also:
audit. Kami juga: (lanjutan) (continued)
Mengevaluasi penyajian, st ruktur, dan isi Evaluate the overall presentation, structure,
laporan keuangan konsolidasian secara and content of the consolidated financial
keseluruhan, termasuk pengungkapannya, statements, including the disclosures, and
dan apakah laporan keuangan konsolidasian whether the consolidated financial statements
mencerminkan transaksi dan peristiwa yang represent the underlying transactions and
mendasarinya dengan suatu cara yang events in a manner that achieves fair
mencapai penyajian wajar. presentation.
Memeroleh bukti audit yang cukup dan tepat Obtain sufficient appropriate audit evidence
terkait informasi keuangan entitas atau regarding the financial information of the
aktivitas bisnis dalam Grup untuk menyatakan entities or business activities within the Group
opini atas laporan keuangan konsolidasian. to express an opinion on the consolidated
Kami bertanggung jawab atas arahan, financial statements. We are responsible for
supervisi, dan pelaksanaan audit grup. Kami the direction, supervision, and performance of
tetap bertanggung jawab sepenuhnya atas the group audit . We remain solely responsible
opini audit kami. for our audit opinion.
Kami mengomunikasikan kepada pihak yang We communicate with those charged with
bertanggung jawab atas tata kelola mengenai, governance regarding, among other matters, the
antara lain, ruang lingkup dan saat yang planned scope and timing of the audit and
direncanakan atas audit serta temuan audit significant audit findings, including any significant
signifikan, termasuk setiap defisiensi signifikan deficiencies in internal cont rol that we identify
dalam pengendalian internal yang teridentifikasi during our audit.
oleh kami selama audit.
Kami juga memberikan suatu pernyataan kepada We also provide those charged with governance
pihak yang bertanggung jawab atas tata kelola with a statement that we have complied with
bahwa kami telah mematuhi ketentuan etika yang relevant ethical requirements regarding
relevan mengenai independensi, dan independence, and to communicate with them all
mengomunikasikan kepada pihak tersebut seluruh relationships and other matters that may
hubungan, serta hal-hal lain yang dianggap secara reasonably be thought to bear on our
wajar berpengaruh terhadap independensi kami, independence, and where applicable, related
dan, jika relevan, pengamanan terkait. safeguards.
xii
2023 Annual Report PT Medco Energi Internasional Tbk 157
Page 160
158 PT Medco Energi Internasional Tbk 2023 Annual Report
Page 161
The original consolidated financial statements
EXPANDING OUR HORIZONS included herein are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN POSISI KEUANGAN CONSOLIDATED STATEMENT
KONSOLIDASIAN OF FINANCIAL POSITION
Tanggal 31 Desember 2023 As of December 31, 2023
(Disajikan dalam Dolar Amerika Serikat, (Expressed in United States Dollar,
kecuali dinyatakan lain) unless otherwise stated)
Catatan/
Notes 2023 2022
ASET ASSETS
ASET LANCAR CURRENT ASSETS
Kas dan setara kas 2,4 353.948.953 599.998.594 Cash and cash equivalents
Investasi jangka pendek 2,5 10.997.817 10.970.184 Short-term investments
Deposito dan rekening bank yang 2,13 Restricted time deposits and cash
dibatasi penggunaannya 70.786.698 137.215.218 in banks
Piutang usaha 2,6 Trade receivables
- Pihak berelasi 69.401 404.500 Related parties -
- Pihak ketiga 347.794.448 320.237.764 Third parties -
Piutang lain-lain 2,7 Other receivables
- Pihak berelasi 64.311.886 82.623.211 Related parties -
- Pihak ketiga 157.832.652 212.680.837 Third parties -
Piutang sewa pembiayaan - bagian 2,8
yang jatuh tempo dalam satu Finance lease receivables -
tahun 38.149.716 41.582.594 current maturities
Aset keuangan konsesi - bagian 2,9
yang jatuh tempo dalam satu Concession financial assets -
tahun 32.833.257 32.835.946 current maturities
Persediaan 2,10 126.768.353 106.080.107 Inventories
Pajak dibayar di muka 2,11 5.932.028 4.371.424 Prepaid taxes
Beban dibayar di muka 2,12 10.604.947 11.067.111 Prepaid expenses
Aset derivatif 2,27 2.393.239 2.393.892 Derivative assets
Aset dimiliki untuk dijual 2,39 192.150.474 129.485.031 Assets held for sale
Aset lancar lain-lain 20 132.074.910 59.449.886 Other current assets
Jumlah Aset Lancar 1.546.648.779 1.751.396.299 Total Current Assets
ASET TIDAK LANCAR NON-CURRENT ASSETS
Piutang lain-lain 2,7 Other receivables
- Pihak berelasi 1.175.893 993.239 Related parties -
- Pihak ketiga 15.695.772 58.850.720 Third parties -
Piutang sewa pembiayaan - setelah 2,8
dikurangi bagian yang jatuh tempo Finance lease receivables - net of
dalam satu tahun 124.478.495 154.927.106 current maturities
Aset keuangan konsesi - setelah 2,9
dikurangi bagian yang jatuh tempo Concession financial assets - net
dalam satu tahun 461.038.028 299.352.073 of current maturities
Deposito dan rekening bank yang 2,13 Restricted time deposits and cash
dibatasi penggunaannya 134.709 209.163 in banks
Estimasi pengembalian pajak 2,11 4.244.792 5.248.511 Estimated claim for tax refunds
Aset pajak tangguhan 2,38 138.264.206 39.306.082 Deferred tax assets
Investasi jangka panjang 2,14 1.652.985.632 1.410.860.680 Long-term investments
Aset tetap 2,15 64.675.306 61.904.694 Property, plant and equipment
Aset hak guna 2,16 215.276.954 146.275.143 Right-of-use assets
Aset eksplorasi dan evaluasi 2,17 241.321.738 311.431.151 Exploration and evaluation assets
Aset minyak dan gas bumi 2,18 2.879.392.264 2.580.720.447 Oil and gas properties
Goodwill 2,19 39.066.445 39.066.445 Goodwill
Aset derivatif 2,27 25.672.882 23.643.244 Derivative assets
Aset lain-lain 20 58.244.374 47.720.829 Other assets
Jumlah Aset Tidak Lancar 5.921.667.490 5.180.509.527 Total Non-current Assets
JUMLAH ASET 7.468.316.269 6.931.905.826 TOTAL ASSETS
Catatan atas laporan keuangan konsolidasian terlampir The accompanying notes to the consolidated financial
merupakan bagian yang tidak terpisahkan dari laporan statements form an integral part of these consolidated
keuangan konsolidasian secara keseluruhan.
2023 Annual Report
financial statements taken as a whole.
PT Medco Energi Internasional Tbk 159
1
Page 162
The original consolidated financial statements
included herein are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN POSISI KEUANGAN CONSOLIDATED STATEMENT
KONSOLIDASIAN (lanjutan) OF FINANCIAL POSITION (continued)
Tanggal 31 Desember 2023 As of December 31, 2023
(Disajikan dalam Dolar Amerika Serikat, (Expressed in United States Dollar,
kecuali dinyatakan lain) unless otherwise stated)
Catatan/
Notes 2023 2022
LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY
LIABILITAS LIABILITIES
LIABILITAS JANGKA PENDEK CURRENT LIABILITIES
Pinjaman bank jangka pendek 2,28 147.595.813 35.000.000 Short-term bank loans
Utang usaha 2,21 Trade payables
- Pihak berelasi 40.044.334 274.882 Related parties -
- Pihak ketiga 248.142.272 190.150.513 Third parties -
Utang lain-lain 2,23 Other payables
- Pihak berelasi 15.361.309 10.858.258 Related parties -
- Pihak ketiga 101.412.447 84.331.088 Third parties -
Utang pajak 2,25 85.509.669 202.331.343 Taxes payable
Accrued expenses and other
Biaya akrual dan provisi lain-lain 2,26 240.001.718 227.862.704 provisions
Liabilitas derivatif 2,27 8.989.394 16.981.738 Derivative liabilities
Liabilitas yang secara langsung
berhubungan dengan aset dimiliki Liabilities directly associated with
untuk dijual 2,39 72.105.575 74.260.726 assets held for sale
Pinjaman jangka panjang yang jatuh Current maturities of long-term
tempo dalam satu tahun 2 debts
- Pinjaman bank 28 156.613.607 286.993.328 Bank loans -
- Pinjaman dari instansi keuangan Loans from non-bank - financial -
non-bank 29 3.438.090 3.369.245 institutions .
- Obligasi Rupiah 29 87.853.017 110.623.276 Rupiah bonds -
Liabilitas sewa 24 123.824.579 101.784.419 Lease liabilities
Liabilitas kontrak 22 91.178.344 34.492.956 Contract liabilities
Jumlah Liabilitas Jangka Pendek 1.422.070.168 1.379.314.476 Total Current Liabilities
LIABILITAS JANGKA PANJANG NON-CURRENT LIABILITIES
Liabilitas jangka panjang setelah
dikurangi bagian yang jatuh tempo Long-term liabilities - net of current
dalam satu tahun 2 maturities
- Pinjaman bank 28 691.356.819 562.023.805 Bank loans -
- Pinjaman dari instansi keuangan Loans from non-bank - financial -
non-bank 29 21.212.390 16.455.848 institutions .
- Obligasi Rupiah 29 422.274.407 436.751.561 Rupiah bonds -
- Obligasi Dolar AS 29 1.765.072.297 1.699.945.971 US Dollar bonds -
Liabilitas sewa 24 114.636.832 84.446.201 Lease liabilities
Liabilitas kontrak 22 948.536 84.798.415 Contract liabilities
Utang lain-lain 2,23 85.709.640 33.931.420 Other payables
Liabilitas pajak tangguhan 2,38 730.969.579 724.269.355 Deferred tax liabilities
Liabilitas imbalan kerja jangka Long-term employee benefits
panjang 2,42 31.523.104 30.662.724 liabilities
Liabilitas derivatif 2,27 10.278.206 9.822.831 Derivative liabilities
Asset abandonment and site
Liabilitas pembongkaran aset dan restoration obligations and other
restorasi area dan provisi lain-lain 2,51 144.668.299 121.963.894 provisions
Jumlah Liabilitas Jangka Panjang 4.018.650.109 3.805.072.025 Total Non-current Liabilities
Jumlah Liabilitas 5.440.720.277 5.184.386.501 Total Liabilities
Catatan atas laporan keuangan konsolidasian terlampir The accompanying notes to the consolidated financial
merupakan bagian yang tidak terpisahkan dari laporan statements form an integral part of these consolidated
160 keuangan konsolidasian secara keseluruhan.
PT Medco Energi Internasional Tbk
financial statements taken as a whole.
2023 Annual Report
2
Page 163
The original consolidated financial statements
EXPANDING OUR HORIZONS included herein are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN POSISI KEUANGAN CONSOLIDATED STATEMENT
KONSOLIDASIAN (lanjutan) OF FINANCIAL POSITION (continued)
Tanggal 31 Desember 2023 As of December 31, 2023
(Disajikan dalam Dolar Amerika Serikat, (Expressed in United States Dollar,
kecuali dinyatakan lain) unless otherwise stated)
Catatan/
Notes 2023 2022
LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY
(lanjutan) (continued)
EKUITAS EQUITY
Modal saham - nilai nominal Capital stock - par value
Rp25 per saham Rp25 par value per share
- Modal dasar Authorized -
55.000.000.000 saham pada 55,000,000,000 shares as of
tanggal 31 Desember 2023 dan 31 December 31, 2023 and
Desember 2022 December 31, 2022
- Diterbitkan dan disetor penuh Issued and fully paid -
25.136.231.252 saham pada 25,136,231,252 shares as of
tanggal 31 Desember 2023 dan 31 December 31, 2023 and
Desember 2022 121.798.946 121.798.946 December 31, 2022
- Saham treasuri Treasury shares -
106.731.368 saham pada tanggal 106,731,368 shares as of
31 Desember 2023 dan December 31, 2023 and
110.948.255 saham pada tanggal 110,948,255 shares as of
31 Desember 2022 (517.173) (537.814) December 31, 2022
31 121.281.773 121.261.132
Tambahan modal disetor 32 496.239.219 491.004.564 Additional paid-in capital
Dampak perubahan transaksi Effects of changes in equity
ekuitas entitas anak/entitas transactions of subsidiaries/
asosiasi 33 (72.514.729) (72.514.729) associates
Selisih kurs karena penjabaran
laporan keuangan 2 (37.367.121) (50.945.459) Translation adjustments
Penyesuaian nilai wajar atas Fair value adjustment on cash flow
instrumen lindung nilai arus kas 2 17.532.866 33.674.907 hedging instruments
Selisih nilai transaksi dengan Difference in value of transactions
kepentingan nonpengendali 2 6.400.562 6.400.562 with non-controlling interests
Bagian laba komprehensif lain dari Share of other comprehensive
entitas asosiasi dan ventura income of associates and joint
bersama 14 11.526.739 12.110.882 venture
Pengukuran kembali program Remeasurement of defined benefit
imbalan pasti 42 37.936.077 35.085.864 program
Saldo laba Retained earnings
- Ditentukan penggunaannya 10.435.835 6.492.210 Appropriated -
- Tidak ditentukan penggunaannya 1.237.072.077 974.690.077 Unappropriated -
Jumlah ekuitas yang dapat Total equity attributable to the
diatribusikan kepada pemilik equity holders of the parent
entitas induk 1.828.543.298 1.557.260.010 company
Kepentingan nonpengendali 30 199.052.694 190.259.315 Non-controlling interests
Jumlah Ekuitas 2.027.595.992 1.747.519.325 Total Equity
JUMLAH LIABILITAS DAN TOTAL LIABILITIES AND
EKUITAS 7.468.316.269 6.931.905.826 EQUITY
Catatan atas laporan keuangan konsolidasian terlampir The accompanying notes to the consolidated financial
merupakan bagian yang tidak terpisahkan dari laporan statements form an integral part of these consolidated
keuangan konsolidasian secara keseluruhan.
2023 Annual Report
financial statements taken as a whole.
PT Medco Energi Internasional Tbk 161
3
Page 164
The original consolidated financial statements
included herein are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN LABA RUGI DAN PENGHASILAN CONSOLIDATED STATEMENT OF PROFIT
KOMPREHENSIF LAIN KONSOLIDASIAN OR LOSS AND OTHER COMPREHENSIVE INCOME
Untuk Tahun yang Berakhir pada For the Year Ended
Tanggal 31 Desember 2023 December 31, 2023
(Disajikan dalam Dolar Amerika Serikat, (Expressed in United States Dollar,
kecuali dinyatakan lain) unless otherwise stated)
2022
(Disajikan kembali/
As Restated -
Catatan/ Catatan/
Notes 2023 Note 39)
OPERASI YANG DILANJUTKAN CONTINUING OPERATIONS
PENDAPATAN REVENUES
Pendapatan dari kontrak dengan Revenue from contracts with
pelanggan 2,34 2.204.658.197 2.269.655.372 customers
Pendapatan keuangan 2,34 44.679.381 42.572.230 Finance income
JUMLAH PENDAPATAN 2.249.337.578 2.312.227.602 TOTAL REVENUES
BEBAN POKOK PENDAPATAN
DAN BIAYA LANGSUNG COST OF REVENUES AND
LAINNYA OTHER DIRECT COSTS
Penyusutan, deplesi dan 2,15,16, Depreciation, depletion and
amortisasi 18,35 453.130.843 561.509.723 amortization
Biaya produksi dan lifting 2,35 405.885.183 334.485.358 Production and lifting costs
Beban pokok penjualan tenaga Cost of electric power sales and
listrik dan jasa terkait lainnya 2,35 189.578.507 44.854.245 related services
Biaya pembelian minyak mentah 2,35 138.339.366 94.264.342 Cost of crude oil purchases
Biaya jasa 2 20.748.300 18.030.759 Cost of services
Beban eksplorasi 2,35 7.994.358 13.012.131 Exploration expenses
JUMLAH BEBAN POKOK
PENDAPATAN DAN BIAYA TOTAL COST OF REVENUES
LANGSUNG LAINNYA 1.215.676.557 1.066.156.558 AND OTHER DIRECT COSTS
LABA KOTOR 1.033.661.021 1.246.071.044 GROSS PROFIT
Beban penjualan, umum dan Selling, general and administrative
administrasi 2,36 (241.369.713) (219.856.788) expenses
Beban pendanaan 24,28,29 (276.002.382) (259.424.691) Finance costs
Keuntungan atas dilusi investasi Gain on dilution of long-term
jangka panjang 14 83.839.822 – investment
Keuntungan penyesuaian nilai Gain on fair value adjustment of
wajar aset keuangan 2,14 69.291.877 547.027 financial assets
Pendapatan bunga 37 49.494.520 39.615.951 Interest income
Bagian laba dari entitas asosiasi Share of net profit of associates
dan ventura bersama 2,14 39.328.058 232.910.009 and joint venture
Keuntungan pembelian diskon 48 36.173.977 48.982.969 Bargain purchase
Pendapatan dividen 14 31.768.200 28.083.000 Dividend income
Kerugian transaksi derivatif 27 – (36.859.660) Loss on derivatives transactions
14,15,17,
(59.635.411) (2.257.443) Loss on impairment of assets
Kerugian penurunan nilai aset 18
Beban lain-lain 37 (64.640.187) (74.072.234) Other expenses
Pendapatan lain-lain 37 25.943.650 42.370.143 Other income
LABA SEBELUM PAJAK INCOME BEFORE TAX
PENGHASILAN DARI OPERASI EXPENSE FROM CONTINUING
YANG DILANJUTKAN 727.853.432 1.046.109.327 OPERATIONS
BEBAN PAJAK PENGHASILAN 2,38 (339.666.380) (507.971.978) INCOME TAX EXPENSE
LABA TAHUN BERJALAN DARI PROFIT FROM CONTINUING
OPERASI YANG DILANJUTKAN 388.187.052 538.137.349 OPERATIONS
Catatan atas laporan keuangan konsolidasian terlampir The accompanying notes to the consolidated financial
merupakan bagian yang tidak terpisahkan dari laporan statements form an integral part of these consolidated
162 keuangan konsolidasian secara keseluruhan.
PT Medco Energi Internasional Tbk
financial statements taken as a whole.
2023 Annual Report
4
Page 165
The original consolidated financial statements
EXPANDING OUR HORIZONS
included herein are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN LABA RUGI DAN PENGHASILAN CONSOLIDATED STATEMENT
KOMPREHENSIF LAIN KONSOLIDASIAN (lanjutan) OF PROFIT OR LOSS AND OTHER
Untuk Tahun yang Berakhir pada Tanggal COMPREHENSIVE INCOME (continued)
31 Desember 2023 For the Year Ended December 31, 2023
(Disajikan dalam Dolar Amerika Serikat, (Expressed in United States Dollar,
kecuali dinyatakan lain) unless otherwise stated)
2022
(Disajikan kembali/
As Restated -
Catatan/ Catatan/
Notes 2023 Note 39)
OPERASI YANG DIHENTIKAN DISCONTINUED OPERATIONS
Laba/(Rugi) setelah beban pajak Profit/(Loss) after income tax
penghasilan dari operasi yang expense from discontinued
dihentikan 39 (42.418.449) 13.272.989 operations
LABA TAHUN BERJALAN 345.768.603 551.410.338 PROFIT FOR THE YEAR
PENGHASILAN OTHER COMPREHENSIVE
KOMPREHENSIF LAIN INCOME
PENGHASILAN OTHER COMPREHENSIVE
KOMPREHENSIF LAIN YANG INCOME THAT WILL BE
AKAN DIREKLASIFIKASI KE RECLASSIFIED TO PROFIT OR
LABA RUGI LOSS
Selisih kurs karena penjabaran
laporan keuangan 15.568.582 (15.382.409) Translation adjustment
Penyesuaian nilai wajar atas
instrumen lindung nilai arus kas Fair value adjustment on cash flow
- setelah dikurangi pajak (16.633.957) 31.682.883 hedging instruments - net of tax
Bagian laba/(rugi) komprehensif Share of other comprehensive
lain entitas asosiasi dan ventura income/(loss) of associates and
bersama (584.143) 24.028.576 joint ventures
PENGHASILAN
KOMPREHENSIF LAIN YANG OTHER COMPREHENSIVE
TIDAK AKAN INCOME THAT WILL NOT BE
DIREKLASIFIKASI KE LABA RECLASSIFIED TO PROFIT OR
RUGI LOSS
Pengukuran kembali program Remeasurement of defined benefit
imbalan kerja 2.087.514 (2.418.983) program
Pajak penghasilan terkait dengan Income tax related to the account
pos yang tidak that will not be reclassified to
direklasifikasikan ke laba rugi 624.419 (773.964) profit or loss
JUMLAH LABA
KOMPREHENSIF TAHUN TOTAL COMPREHENSIVE
BERJALAN 346.831.018 588.546.441 INCOME FOR THE YEAR
Catatan atas laporan keuangan konsolidasian terlampir The accompanying notes to the consolidated financial
merupakan bagian yang tidak terpisahkan dari laporan statements form an integral part of these consolidated
keuangan konsolidasian secara keseluruhan.
2023 Annual Report
financial statements taken as a whole.
PT Medco Energi Internasional Tbk 163
5
Page 166
The original consolidated financial statements
included herein are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN LABA RUGI DAN PENGHASILAN CONSOLIDATED STATEMENT
KOMPREHENSIF LAIN KONSOLIDASIAN (lanjutan) OF PROFIT OR LOSS AND OTHER
Untuk Tahun yang Berakhir pada Tanggal COMPREHENSIVE INCOME (continued)
31 Desember 2023 For the Year Ended December 31, 2023
(Disajikan dalam Dolar Amerika Serikat, (Expressed in United States Dollar,
kecuali dinyatakan lain) unless otherwise stated)
2022
(Disajikan kembali/
As Restated -
Catatan/ Catatan/
Notes 2023 Note 39)
LABA/(RUGI) TAHUN
BERJALAN YANG DAPAT PROFIT/(LOSS) FOR THE YEAR
DIATRIBUSIKAN KEPADA ATTRIBUTABLE TO
Equity holders of the parent
Pemilik entitas induk company
Laba tahun berjalan dari operasi Profit for the year from continuing
yang dilanjutkan 373.093.710 517.609.686 operations
Laba/(Rugi) tahun berjalan dari Profit/(loss) for the year from
operasi yang tidak dilanjutkan (42.418.449) 13.272.989 discontinued operations
Laba tahun berjalan yang Profit for the year attributable to
diatribusikan kepada pemilik equity holders of the parent
entitas induk 330.675.261 530.882.675 company
Laba tahun berjalan yang
diatribusikan kepada Profit for the year attributable to
kepentingan nonpengendali 2,30 15.093.342 20.527.663 non-controlling interests
345.768.603 551.410.338
JUMLAH LABA
KOMPREHENSIF TAHUN TOTAL COMPREHENSIVE
BERJALAN YANG DAPAT INCOME FOR THE YEAR
DIATRIBUSIKAN KEPADA ATTRIBUTABLE TO
Equity holders of the parent
Pemilik entitas induk company
Laba komprehensif tahun
berjalan dari operasi yang Comprehensive income for the
dilanjutkan 372.796.077 528.001.109 year from continuing operations
Laba/(rugi) komprehensif tahun Comprehensive income/(loss) for
berjalan dari operasi yang the year from discontinued
dihentikan (42.418.449) 13.272.989 operations
Laba komprehensif tahun Comprehensive income for the
berjalan yang diatribusikan year attributable to equity
kepada pemilik entitas induk 330.377.628 541.274.098 holders of the parent company
Laba komprehensif tahun
berjalan yang diatribusikan Comprehensive income for the
kepada kepentingan year attributable to non-
nonpengendali 2,30 16.453.390 47.272.343 controlling interests
346.831.018 588.546.441
LABA PER SAHAM DASAR BASIC EARNINGS PER SHARE
YANG DAPAT DIATRIBUSIKAN ATTRIBUTABLE TO EQUITY
KEPADA PEMILIK ENTITAS HOLDERS OF THE PARENT
INDUK 2,40 0,01321 0,02123 COMPANY
LABA PER SAHAM DASAR BASIC EARNINGS PER SHARE
DARI OPERASI YANG ATTRIBUTABLE FROM
DILANJUTKAN YANG DAPAT CONTINUING OPERATIONS TO
DIATRIBUSIKAN KEPADA EQUITY HOLDERS OF THE
PEMILIK ENTITAS INDUK 2,40 0,01490 0,02070 PARENT COMPANY
Catatan atas laporan keuangan konsolidasian terlampir The accompanying notes to the consolidated financial
merupakan bagian yang tidak terpisahkan dari laporan statements form an integral part of these consolidated
164 keuangan konsolidasian secara keseluruhan.
PT Medco Energi Internasional Tbk
financial statements taken as a whole.
2023 Annual Report
6
Page 167
The original consolidated financial statements
included herein are in the Indonesian language
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
Untuk Tahun yang Berakhir pada Tanggal 31 Desember 2023 For the Year Ended December 31, 2023
(Disajikan dalam Dolar Amerika Serikat, (Expressed in United States Dollar,
kecuali dinyatakan lain) unless otherwise stated)
2023 Annual Report
Diatribusikan kepada pemilik entitas induk/Attributable to the equity holders of the parent company
Bagian Laba
(Rugi)
EXPANDING OUR HORIZONS
Komprehensif
Dampak Selisih Nilai Lain dari
Perubahan Penyesuaian Transaksi Entitas
Transaksi Nilai Wajar dengan Asosiasi dan
Ekuitas Anak/ atas Instrumen Kepentingan Ventura
Entitas Asosiasi/ Selisih Kurs Lindung Nilai Nonpengendali/ Bersama/Share Pengukuran
Effect of karena Arus Kas/Fair Difference in of Other Kembali
Changes in Penjabaran Value Value of Comprehensive Program
Saham Tambahan Equity Laporan Adjustment on Transactions Income (Loss) Imbalan Pasti/ Saldo Laba/Retained Earnings Kepentingan
Treasuri/ Modal Disetor/ Transactions of Keuangan/ Cash Flow with Non- of Associates Remeasurement Ditentukan Tidak Ditentukan Non-pengendali/
Catatan/ Modal Saham/ Treasury Additional Subsidiaries/ Translation Heding controlling and Joint of Defined Penggunaannya/ Pengunaannya/ Non-controlling Jumlah Ekuitas/
Notes Capital Stock Shares Paid in Capital Associates Adjustment Instruments Interest Ventures Benefit Program Appropriated Unappropriated Jumlah/Total Interest Total Equity
Saldo tanggal 31 Desember 2021/
Balance, December 31, 2021 121.798.946 (900.665) 488.107.377 (72.514.729) (8.818.370) 1.992.024 6.400.562 (11.917.694) 38.278.811 6.492.210 503.807.402 1.072.725.874 156.610.587 1.229.336.461
Laba tahun berjalan/
Profit for the year – – – – — – – – – – 530.882.675 530.882.675 20.527.663 551.410.338
Penghasilan komprehensif lain/
Other comprehensive income – – – – (42.127.089) 31.682.883 – 24.028.576 (3.192.947) – – 10.391.423 26.744.680 37.136.103
Jumlah laba komprehensif tahun
berjalan/
Total comprehensive income for the
year – – – – (42.127.089) 31.682.883 – 24.028.576 (3.192.947) – 530.882.675 541.274.098 47.272.343 588.546.441
Dividen tunai/
Cash dividend 41 – – – – — – – – – – (60.000.000) (60.000.000) – (60.000.000)
Pembagian dividen untuk
kepentingan nonpengendali/
Dividend distribution to non-controlling
interest 30 – – – – – – – – – – – – (13.623.615) (13.623.615)
Pembayaran berbasis saham/
Share-based payments 2,31,32 – 362.851 2.897.187 – – – – – – – – 3.260.038 – 3.260.038
Saldo tanggal 31 Desember 2022/
Balance, December 31, 2022 121.798.946 (537.814) 491.004.564 (72.514.729) (50.945.459) 33.674.907 6.400.562 12.110.882 35.085.864 6.492.210 974.690.077 1.557.260.010 190.259.315 1.747.519.325
PT Medco Energi Internasional Tbk
Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan The accompanying notes to the consolidated financial statements form an integral part of these
165
dari laporan keuangan konsolidasian secara keseluruhan. consolidated financial statements taken as a whole.
7
Page 168
The original consolidated financial statements
included herein are in the Indonesian language
166
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
Untuk Tahun yang Berakhir pada Tanggal 31 Desember 2023 For the Year Ended December 31, 2023
(Disajikan dalam Dolar Amerika Serikat, (Expressed in United States Dollar,
kecuali dinyatakan lain) unless otherwise stated)
Diatribusikan kepada pemilik entitas induk/Attributable to the equity holders of the parent company
Bagian Laba
(Rugi)
Komprehensif
Dampak Selisih Nilai Lain dari
Perubahan Penyesuaian Transaksi Entitas
PT Medco Energi Internasional Tbk
Transaksi Nilai Wajar dengan Asosiasi dan
Ekuitas Anak/ atas Instrumen Kepentingan Ventura
Entitas Asosiasi/ Selisih Kurs Lindung Nilai Nonpengendali/ Bersama/Share Pengukuran
Effect of karena Arus Kas/Fair Difference in of Other Kembali
Changes in Penjabaran Value Value of Comprehensive Program
Saldo Laba/Retained Earnings
Saham Tambahan Equity Laporan Adjustment on Transactions Income (Loss) Imbalan Pasti/ Kepentingan
Treasuri/ Modal Disetor/ Transactions of Keuangan/ Cash Flow with Non- of Associates Remeasurement Ditentukan Tidak Ditentukan Non-pengendali/
Catatan/ Modal Saham/ Treasury Additional Subsidiaries/ Translation Heding controlling and Joint of Defined Penggunaannya/ Pengunaannya/ Non-controlling Jumlah Ekuitas/
Notes Capital Stock Shares Paid in Capital Associates Adjustment Instruments Interest Ventures Benefit Program Appropriated Unappropriated Jumlah/Total Interest Total Equity
Saldo tanggal 31 Desember 2022/
Balance, December 31, 2022 121.798.946 (537.814) 491.004.564 (72.514.729) (50.945.459) 33.674.907 6.400.562 12.110.882 35.085.864 6.492.210 974.690.077 1.557.260.010 190.259.315 1.747.519.325
Laba tahun berjalan/
Profit for the year – – – – – – – – – – 330.675.261 330.675.261 15.093.342 345.768.603
Penghasilan komprehensif lain/
Other comprehensive income – – – – 13.578.338 (16.142.041) (584.143) 2.850.213 – – (297.633) 1.360.048 1.062.415
Jumlah laba komprehensif tahun
berjalan/
Total comprehensive income for the
year – – – – 13.578.338 (16.142.041) – (584.143) 2.850.213 – 330.675.261 330.377.628 16.453.390 346.831.018
Dividen tunai/
Cash dividend 41 – – – – – – – – – – (64.349.636) (64.349.636) – (64.349.636)
Pembagian dividen untuk
kepentingan nonpengendali/
Dividend distribution to non-controlling
interest 30 – – – – – – – – – – – – (7.660.011) (7.660.011)
Selisih transaksi dengan entitas
sepengendali/
Difference in transaction with entity
under common control 32 – – 5.000.000 – – – – – – – – 5.000.000 – 5.000.000
Pembayaran berbasis saham/
Share-based payments 2,31,32 – 336.814 3.883.343 – – – – – – – – 4.220.157 – 4.220.157
Pembelian kembali saham/
Shares buyback 2,31,32 – (316.173) (3.648.688) – – – – – – – – (3.964.861) – (3.964.861)
Pencadangan saldo laba/
Appropriation of retained earnings – – – – – – – – – 3.943.625 (3.943.625) – – –
Saldo tanggal 31 Desember 2023/
2023 Annual Report
Balance, December 31, 2023 121.798.946 (517.173) 496.239.219 (72.514.729) (37.367.121) 17.532.866 6.400.562 11.526.739 37.936.077 10.435.835 1.237.072.077 1.828.543.298 199.052.694 2.027.595.992
Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan The accompanying notes to the consolidated financial statements form an integral part of these
dari laporan keuangan konsolidasian secara keseluruhan. consolidated financial statements taken as a whole.
8
Page 169
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN ARUS KAS KONSOLIDASIAN CONSOLIDATED STATEMENT
Untuk Tahun yang Berakhir pada OF CASH FLOWS
Tanggal 31 Desember 2023 For the Year Ended December 31, 2023
(Disajikan dalam Dolar Amerika Serikat, (Expressed in United States Dollar, unless
kecuali dinyatakan lain) otherwise stated)
2022
(Disajikan Kembali
As Restated -
Catatan/ Catatan/
Notes 2023 Note 39)
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
OPERASI OPERATING ACTIVITIES
Penerimaan kas dari pelanggan 2.096.725.198 2.376.949.125 Cash receipts from customers
Pembayaran kas kepada pemasok Cash paid to suppliers and
dan karyawan (880.110.459) (747.232.821) employees
Kas yang dihasilkan dari kegiatan
usaha 1.216.614.739 1.629.716.304 Cash generated from operations
Pembayaran pajak penghasilan (493.388.796) (513.304.942) Income tax paid
Kas neto diperoleh dari aktivitas Net cash provided by operating
operasi 723.225.943 1.116.411.362 activities
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM INVESTING
INVESTASI ACTIVITIES
Penerimaan dari piutang lain-lain 7 157.786.940 39.780.000 Receipt of other receivables
Cash dividends received from
Dividen kas dari entitas asosiasi 14 31.768.200 28.083.000 associates
Penerimaan dari pelepasan Entitas Proceeds from disposal of
Anak atau asosiasi 39,48 28.018.590 3.910.918 subsidiaries or associate
Penerimaan bunga 12.417.275 15.562.976 Interest received
Penjualan investasi jangka panjang 14 10.506.150 – Sale of long-term investment
Penerimaan piutang dari entitas Proceeds from collection of
asosiasi 14 6.139.291 – receivable due from associate
Penerimaan dari pelepasan aset Proceeds from disposal of
tetap 590.992 1.168.317 property, plant, and equipment
Penerimaan dari pencairan Proceeds from redemption of short-
investasi jangka pendek – 19.839.546 term investments
Cash dividends received from joint
Dividen kas dari ventura bersama 14 – 6.930.518 venture
Penerimaan uang muka atas Advance payment receipt from
penjualan Entitas Anak 39,49 – 300.000 sales of subsidiary
Pengurangan (penambahan) aset Deduction (addition) to other
lain-lain (1.789.614) 17.085.360 assets
Penambahan piutang lain-lain dari Additions of other receivables from
pihak berelasi (3.241.809) (60.670.784) related parties
Additions to concession financial
Penambahan pada aset konsesi 9 (15.778.560) (11.908.728) assets
Penambahan aset eksplorasi dan Addition to exploration and
evaluasi 17 (17.991.217) (15.620.889) evaluation assets
Penambahan investasi jangka
panjang 14 (35.029.732) (7.736.763) Addition of long-term investment
Acquisitions of property, plant and
Perolehan aset tetap 15 (44.546.582) (34.692.519) equipment
Penambahan aset minyak dan gas
bumi 18 (237.761.938) (218.202.073) Additions to oil and gas properties
Akuisisi bisnis setelah dikurangi Acquisition of business net of cash
kas yang diperoleh 48 (520.339.011) (846.767.338) acquired
Kas neto digunakan untuk Net cash used in investing
aktivitas investasi (629.251.025) (1.062.938.459) activities
Catatan atas laporan keuangan konsolidasian terlampir The accompanying notes to the consolidated financial
merupakan bagian yang tidak terpisahkan dari laporan statements form an integral part of these consolidated
2023 Annual
keuangan Report
konsolidasian secara keseluruhan. PT Medcotaken
financial statements EnergiasInternasional
a whole. Tbk 167
9
Page 170
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN ARUS KAS CONSOLIDATED STATEMENT
KONSOLIDASIAN (lanjutan) OF CASH FLOWS (continued)
Untuk Tahun yang Berakhir pada For the Year Ended December 31, 2023
Tanggal 31 Desember 2023 (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2022
(Disajikan Kembali
As Restated -
Catatan/ Catatan/
Notes 2023 Note 39)
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
PENDANAAN FINANCING ACTIVITIES
Hasil yang diperoleh dari: Proceeds from:
– Pinjaman bank 55 803.867.868 1.041.776.666 Bank loans -
– Pinjaman jangka panjang 55 574.250.630 270.032.349 Other long-term debt -
Penarikan deposito dan rekening
bank yang dibatasi Withdrawal of restricted time
penggunaannya 13 66.502.974 314.942.815 deposits and cash in banks
Pembelian saham treasuri 31,32 (3.964.861) – Purchase of treasury shares
Pembayaran dividen kas dari Cash dividends payment of
Entitas Anak kepada kepentingan Subsidiaries to non-controlling
nonpengendali 30 (7.880.011) (11.863.615) interest
Penyelesaian liabilitas derivatif 55 (12.354.389) (36.173.009) Settlement of derivative liabilities
Pembelian kembali obligasi (29.350.163) (32.500.000) Repurchase of bonds
Pembayaran dividen 41 (64.349.636) (60.000.000) Dividend payment
Pembayaran liabilitas sewa 24,55 (139.890.195) (121.482.295) Repayment of lease liabilities
Pembayaran beban pendanaan (258.847.447) (235.535.269) Payment of financing charges
Pembayaran atas: Payments of:
– Utang jangka panjang lainnya 55 (515.456.262) (528.526.245) Other long-term debt -
– Pinjaman bank 55 (759.154.722) (536.241.255) Bank loans -
Kas neto (digunakan untuk)
diperoleh dari aktivitas Net cash (used in) provided by
pendanaan (346.626.214) 64.430.142 financing activities
NET INCREASE (DECREASE) IN
KENAIKAN (PENURUNAN) NETO CASH AND CASH
KAS DAN SETARA KAS DARI EQUIVALENTS FROM
OPERASI YANG DILANJUTKAN (252.651.296) 117.903.045 CONTINUING OPERATIONS
NET INCREASE (DECREASE) IN
KENAIKAN (PENURUNAN) NETO CASH AND CASH
KAS DAN SETARA KAS DARI EQUIVALENTS FROM
OPERASI YANG DIHENTIKAN 39 9.795.953 (2.972.571) DISCONTINUED OPERATIONS
PERBEDAAN NILAI TUKAR NET FOREIGN EXCHANGE
NETO (3.194.298) 4.083.292 DIFFERENCE
CASH AND CASH
KAS DAN SETARA KAS PADA EQUIVALENTS AT BEGINNING
AWAL TAHUN 4 599.998.594 480.984.828 OF YEAR
CASH AND CASH
KAS DAN SETARA KAS PADA EQUIVALENTS AT END OF
AKHIR TAHUN 4 353.948.953 599.998.594 YEAR
Catatan atas laporan keuangan konsolidasian terlampir The accompanying notes to the consolidated financial
merupakan bagian yang tidak terpisahkan dari laporan statements form an integral part of these consolidated
168 PT Medco Energi
keuangan Internasional
konsolidasian Tbkkeseluruhan.
secara 2023
financial statements taken asAnnual Report
a whole.
10
Page 171
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM 1. GENERAL
a. Informasi Umum a. General Information
PT Medco Energi Internasional Tbk PT Medco Energi Internasional Tbk
(“Perusahaan”) didirikan di dalam kerangka (“the Company”) was established within the
Undang-undang Penanaman Modal Dalam framework of the Domestic Capital Investment
Negeri No. 6 Tahun 1968 yang telah diubah Law No. 6 Year 1968 as amended by Law No.
dengan Undang-Undang No. 12 tahun 1970, 12 Year 1970, based on notarial deed No. 19 of
berdasarkan Akta Notaris No. 19 oleh Imas Imas Fatimah, S.H., dated June 9, 1980. The
Fatimah, S.H., pada tanggal 9 Juni 1980. Akta deed of establishment was approved by the
pendirian ini disetujui oleh Menteri Kehakiman Ministry of Justice of the Republic of Indonesia
Republik Indonesia dengan Surat Keputusan in its decision letter No. Y.A.5/192/4 dated April
No.Y.A.5/192/4 tanggal 7 April 1981 dan 7, 1981 and was published in State Gazette No.
diumumkan dalam Berita Negara Republik 102, Supplement No. 1020 dated December 22,
Indonesia No. 102, Tambahan No. 1020 tanggal 1981.
22 Desember 1981.
Anggaran Dasar Perusahaan beberapa kali The Company’s Articles of Association has
mengalami perubahan, di mana perubahan been amended several times, the latest
terakhir dilakukan untuk penyesuaian dengan amendments of which were made to adjust to
Klasifikasi Baku Lapangan Usaha Indonesia the Standard Classification of Indonesian
(Indonesia KBLI) 2020 dan ketentuan mengenai Business Fields (Indonesia KBLI) 2020 and the
pengumuman informasi keuangan pada surat provision regarding the announcement of the
kabar. Perubahan terakhir diaktakan dengan financial information in the newspaper. The
Akta Notaris Leolin Jayayanti, S.H., M.Kn., No. latest amendments were covered by Notarial
69 tanggal 26 Juni 2023, yang telah dilaporkan Deed No. 69 dated June 26, 2023 of Leolin
dan dicatat oleh Menteri Hukum dan Hak Asasi Jayayanti, S.H., M.Kn, which has been reported
Manusia dalam surat keputusannya No. and recorded by the Minister of Law and Human
AHU-0035936.AH.01.02 tahun 2023 tanggal 26 Rights in his decision letter No.
Juni 2023. AHU-0035936.AH.01.02 year 2023 dated June
26, 2023.
Perusahaan berdomisili di Jakarta dan kantor The Company is domiciled in Jakarta and its
pusat beralamat di The Energy Building Lantai head office is located at The Energy Building
53, SCBD Lot. 11A, Jl. Jend. Sudirman Kav. Lantai 53, SCBD Lot. 11A, Jl. Jend. Sudirman
52-53, Jakarta 12190. Kav. 52-53, Jakarta 12190.
Sesuai dengan Pasal 3 Anggaran Dasar In accordance with Article 3 of the Company's
Perusahaan, ruang lingkup aktivitas Articles of Association, the scope of its activities
Perusahaan terdiri atas, antara lain, melakukan comprises, among others, carrying out activities
aktivitas perusahaan holding, melakukan jasa of a holding company, providing management
konsultasi manajemen dan melakukan usaha consulting services and trading. The scope of
perdagangan. Ruang lingkup aktivitas utama the main activities of its subsidiaries includes
entitas anak meliputi pertambangan dan mining and quarrying, industry, trade,
penggalian, industri, perdagangan, jasa construction services, transportation, contract
konstruksi, pengangkutan, pekerjaan kontrak, services, distribution, industry and technical
distribusi, jasa teknik dan industri, termasuk services, including electricity power supply and
penyediaan tenaga listrik dan jasa pendukung other supporting electricity services. The
tenaga listrik lainnya. Perusahaan memulai Company started its commercial operations on
kegiatan operasi komersialnya pada tanggal 13 December 13, 1980.
Desember 1980.
Perusahaan dan entitas anaknya (bersama- The Company and subsidiaries (collectively
sama disebut “Grup”) memiliki karyawan tetap referred to as the “Group”) have approximately
masing-masing sekitar 3.387 (tidak diaudit) dan 3,387 (unaudited) and 3,339 (unaudited)
3.339 (tidak diaudit) pada tanggal 31 Desember permanent employees as of December 31, 2023
2023 dan 2022. and 2022, respectively.
Pada tanggal 31 Desember 2023 dan 2022, As of December 31, 2023 and 2022, the
entitas induk langsung dan terakhir Perusahaan Company’s direct and ultimate parent company
adalah PT Medco Daya Abadi Lestari. is PT Medco Daya Abadi Lestari.
2023 Annual Report PT Medco Energi Internasional Tbk 169
11
Page 172
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM (lanjutan) 1. GENERAL (continued)
b. Penawaran Umum Efek Saham dan Obligasi b. The Company’s Share and Bonds Offering
Perusahaan
Saham Perusahaan ditawarkan perdana The Company’s shares of stock were initially
kepada masyarakat dan dicatatkan di Bursa offered to the public and listed in the Jakarta
Efek Jakarta (BEJ) (sekarang Bursa Efek Stock Exchange (JSE) (now Indonesia Stock
Indonesia) pada tanggal 12 Oktober 1994. Exchange) on October 12, 1994. The
Penawaran perdana saham Perusahaan Company’s initial public offering of 22,000,000
sejumlah 22.000.000 saham dengan nilai shares with a par value of Rp1,000 per share,
nominal Rp1.000 per saham, disetujui untuk was approved for listing on September 13, 1994
dicatatkan pada tanggal 13 September 1994 by the Capital Market and Financial Institution
oleh Badan Pengawas Pasar Modal dan Supervisory Agency (BAPEPAM-LK, formerly
Lembaga Keuangan (BAPEPAM-LK, dahulu Capital Market Supervisory Agency/BAPEPAM)
Badan Pengawas Pasar Modal/BAPEPAM) in its letter No. S-1588/PM/1994.
dengan suratnya No. S-1588/PM/1994.
Perusahaan juga melakukan Penawaran Umum The Company also made a Limited Public
Terbatas I dengan maksimum 379.236.000 Offering I of a maximum of 379,236,000 shares
saham yang disetujui untuk dicatatkan pada which were approved for listing on November
tanggal 16 November 1999 oleh Ketua 16, 1999 by the Chairman of BAPEPAM-LK
Bapepam-LK melalui suratnya No. S-2244/ through its letter No. S-2244/PM/1999.
PM/1999. Saham baru sebanyak 321.730.290 321,730,290 new shares were issued and listed
saham diterbitkan dalam penawaran ini dan on the JSE on November 19, 1999.
dicatatkan di BEJ pada tanggal 19 November
1999.
Hak Memesan Efek Terlebih Dahulu 2017 Pre-emptive Rights 2017
Pada tanggal 29 November 2017, Perusahaan On November 29, 2017, the Company received
menerima pernyataan efektif dari Otoritas Jasa an effective statement from the Financial
Keuangan terkait rencana Penawaran Umum Services Authority regarding the planned
Terbatas II kepada para pemegang saham Limited Public Offering II to the Company's
Perusahaan dalam rangka penerbitan Hak shareholders for the purpose of issuing
Memesan Efek Terlebih Dahulu (“PUT II Preemptive Rights (“PUT II HMETD”) of
HMETD”) atas 4.399.117.667 saham biasa atas 4,399,117,667 common shares on behalf of or
nama atau sebesar 33,33% dari modal in the amount of 33.33% of the issued and fully
ditempatkan dan disetor penuh Perusahan. paid capital of the Company. On December 28,
Pada tanggal 28 Desember 2017, Perusahaan 2017, the Company obtained
memperoleh dana sebesar Rp2,639,470,600,200 (before deducting
Rp2.639.470.600.200 (sebelum dikurangi biaya transaction costs) through this PUT II HMETD
transaksi) melalui PUT II HMETD ini (Catatan (Note 31).
31).
Waran Warrants
Tanggal Penawaran Tahap/ Periode/ Setara Saham/ Jumlah Penerimaan/
Umum/ Series Period Shares Equivalent Total Proceeds
Public Offering Date
Desember 2017/ Waran Seri I Tahap I/ 1 Juli 2018 – 100.424.134 lembar saham/ Rp62.765.083.750 (setara dengan
December 2017 Series I Warrants 31 Desember 2018/ 100,424,134 shares AS$4.361.209)/
Exercise Window I July 1, 2018 – Rp62,765,083,750 (equivalent to
Penawaran Umum December 31, 2018 US$4,361,209)
Terbatas II/ Waran Seri I Tahap II/ 1 Januari 2019 – 86.734.313 lembar saham/ Rp56.275.587.200 (setara dengan
Limited Public Offering Series I Warrants 31 Desember 2019/ 86,734,313 shares AS$4.021.291)/
II Exercise Window II January 1, 2019 – Rp56,275,587,200 (equivalent to
December 31, 2019 US$4,021,291)
Waran Seri I Tahap III/ 1 Januari 2020 – 78.197.793 lembar saham/ Rp45.737.642.020 (setara dengan
Series I Warrants 31 Desember 2020/ 78,197,793 shares AS$3.234.455)/
Exercise Window III January 1, 2020 – Rp45,737,642,020 (equivalent to
December 31, 2020 US$3,234,455)
170 PT Medco Energi Internasional Tbk 2023 Annual Report
12
Page 173
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM (lanjutan) 1. GENERAL (continued)
b. Penawaran Umum Efek Saham dan Obligasi b. The Company’s Share and Bonds Offering
Perusahaan (lanjutan) (continued)
Hak Memesan Efek Terlebih Dahulu 2020 Pre-emptive Rights 2020
Pada tanggal 31 Agustus 2020, Perusahaan On August 31, 2020, the Company received an
menerima pernyataan efektif dari Otoritas Jasa effective statement from the Financial Services
Keuangan terkait rencana Penawaran Umum Authority regarding plans for Limited Public
Terbatas III kepada para pemegang saham Offering III to the Company's shareholders for
Perusahaan dalam rangka penerbitan Hak the purpose of issuing Pre-emptive Rights
Memesan Efek Terlebih Dahulu (“PUT III (“PUT III HMETD”) for a maximum of
HMETD“) atas maksimum 7.500.000.000 7,500,000,000 ordinary shares or an amount
lembar saham biasa atau sebesar 41,85% dari equal to 41.85% of the issued and fully paid-up
modal ditempatkan dan disetor penuh capital of the Company with an exercise price of
Perusahaan dengan harga pelaksanaan Rp250 Rp250 per share. The company obtained
per lembar saham. Perusahaan memperoleh proceeds of Rp1,785,487,886,250 (before
dana sebesar Rp1.785.487.886.250 (sebelum deducting transaction costs) through PUT III
dikurangi biaya transaksi) melalui PUT III HMETD for the realization of the issuance of
HMETD atas realisasi penerbitan 7.141.951.545 7,141,951,545 new shares. The company has
saham baru. Perusahaan telah menerima received all of the proceeds from PUT III
seluruh dana dari PUT III HMETD pada bulan HMETD in September 2020 (Note 31).
September 2020 (Catatan 31).
Pada tanggal 31 Desember 2023 dan 2022, As of December 31, 2023 and 2022, all of the
seluruh saham Perusahaan masing-masing Company’s 25,136,231,252 shares, respectively
sejumlah 25.136.231.252 tercatat di Bursa Efek are listed on the Indonesia Stock Exchange.
Indonesia.
Perusahaan telah menerbitkan Penawaran The Company has Non-convertible, Fixed Rate
Umum Obligasi Tanpa Hak Konversi dengan Bonds Offering as follows:
Tingkat Bunga Tetap sebagai berikut:
Target Dana/
Tanggal Penerbitan Fund Target Issuance Date
Juli 2004 (Rupiah) 1.500.000.000.000 July 2004 (Rupiah)
Juni 2009 (Rupiah) 1.500.000.000.000 June 2009 (Rupiah)
Juli 2011 (Dolar AS) 150.000.000 July 2011 (US Dollar)
Juni 2012 (Rupiah) 1.500.000.000.000 June 2012 (Rupiah)
Desember 2012 (Rupiah) 4.500.000.000.000 December 2012 (Rupiah)
Juli 2016 (Rupiah)1) 5.000.000.000.000 July 2016 (Rupiah)1)
April 2018 (Rupiah)2) 5.000.000.000.000 April 2018 (Rupiah)2)
September 2021 (Rupiah)3) 5.000.000.000.000 September 2021 (Rupiah)3)
4)
Juli 2023 (Rupiah) 5.000.000.000.000 July 2023 (Rupiah)4)
1) Pada tanggal 31 Desember 2023 dan 2022, obligasi ini merupakan Obligasi 1) As of December 31, 2023 and 2022, these bonds represent Rupiah Shelf Registered
Berkelanjutan Rupiah II Tahap IV dan masih terutang seperti yang disajikan pada Bonds II Phase IV and are still outstanding as disclosed in Note 29.
Catatan 29.
2) Pada tanggal 31 Desember 2023 dan 2022, obligasi ini merupakan Obligasi 2) As of December 31, 2023 and 2022, these bonds represent Rupiah Shelf Registered
Berkelanjutan Rupiah III Tahap III dan masih terutang seperti yang disajikan pada Bonds III Phase III and are still outstanding as disclosed in Note 29.
Catatan 29.
3) Pada tanggal 31 Desember 2023 dan 2022, obligasi ini merupakan Obligasi 3) As of December 31, 2023 and 2022, these bonds represent Rupiah Shelf Registered
Berkelanjutan Rupiah IV Tahap I, II dan III masih terutang seperti yang disajikan pada Bonds IV Phase I, II and III and are still outstanding as disclosed in Note 29.
Catatan 29.
4) Pada tanggal 31 Desember 2023 dan 2022, obligasi ini merupakan Obligasi 4) As of December 31, 2023 and 2022, these bonds represent Rupiah Shelf Registered
Berkelanjutan Rupiah V Tahap I dan masih terutang seperti yang disajikan pada Bonds V Phase I and is still outstanding as disclosed in Note 29.
Catatan 29.
Pada tanggal 31 Desember 2023 dan 2022, As of December 31, 2023 and 2022, all of the
seluruh obligasi Perusahaan yang beredar pada Company’s bonds outstanding as of those dates
tanggal tersebut, tercatat di Bursa Efek are listed on the Indonesian Stock Exchange
Indonesia (“BEI”). (“IDX”).
2023 Annual Report PT Medco Energi Internasional Tbk 171
13
Page 174
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM (lanjutan) 1. GENERAL (continued)
c. Dewan Komisaris dan Direksi dan Komite Audit c. Boards of Commissioners and Directors and
Audit Committee
Susunan Dewan Komisaris dan Direksi The members of the Company’s Boards of
Perusahaan pada tanggal 31 Desember 2023 Commissioners and Directors as of
dan 2022 adalah sebagai berikut: December 31, 2023 and 2022 are as follows:
Dewan Komisaris: Board of Commissioners:
Komisaris Utama Yani Yuhani Panigoro President Commissioner
Komisaris Independen Marsillam Simandjuntak Independent Commissioner
Komisaris Yaser Raimi A. Panigoro Commissioner
Direksi: Board of Directors:
Direktur Utama Hilmi Panigoro President Director
Direktur Roberto Lorato Director
Direktur Anthony R. Mathias Director
Direktur Ronald Gunawan Director
Direktur Amri Siahaan Director
Pada tanggal 31 Desember 2023 dan 2022, As of December 31, 2023 and 2022, the
susunan Komite Audit Perusahaan adalah members of the Company’s Audit Committee
sebagai berikut: are as follows:
Ketua Komite Audit Marsillam Simandjuntak Chairman of Audit Committee
Anggota Komite Audit Hendry Member of Audit Committee
Anggota Komite Audit Ferry Sanjaya Member of Audit Committee
d. Entitas Anak d. Subsidiaries
i. Pada tanggal 31 Desember 2023 dan i. As of December 31, 2023 and 2022, the
2022, Perusahaan telah Company has consolidated all of its
mengkonsolidasikan semua entitas subsidiaries in line with its accounting
anaknya sesuai dengan kebijakan policy as described in Note 2b, “Principles
sebagaimana diuraikan dalam Catatan 2b, of Consolidation”. For disclosure purposes,
“Prinsip Konsolidasi”. Untuk tujuan only sub-holding entities or subsidiaries
pengungkapan, hanya entitas sub-holding which are material in terms of total assets/
atau entitas anak yang material terhadap liabilities and/or revenue/net income to the
laporan keuangan konsolidasian Grup dari Group’s consolidated financial statements
jumlah aset/liabilitas dan/atau pendapatan/ are presented in the table below:
laba neto yang disajikan dalam tabel di
bawah ini:
172 PT Medco Energi Internasional Tbk 2023 Annual Report
14
Page 175
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM (lanjutan) 1. GENERAL (continued)
d. Entitas Anak (lanjutan) d. Subsidiaries (continued)
Tanggal
perolehan
Dimulainya izin Jumlah aset (sebelum
Negara kegiatan eksplorasi/ Persentase kepemilikan efektif/ eliminasi) dalam jutaan/
Domisili/ komersial/ eksploitasi/ Effective percentage of Total assets (before
Country of Start of Date of ownership elimination)
Domicile commercial exploration/ in millions
operations exploitation
permit
obtained 2023 2022 2023 2022
Eksplorasi dan produksi minyak dan gas/
Exploration and production of oil and gas
PT Medco E & P Tarakan 1) Indonesia 1992 14 Jan’ 2002 100,00 100,00 12,77 16,27
PT Medco E & P Indonesia 1) Indonesia 1995 28 Nov’ 2013 100,00 100,00 155,59 149,05
PT Medco E & P Tomori Sulawesi 1) Indonesia 2005 4 Dec’ 1997 100,00 100,00 226,21 264,50
PT Medco E & P Simenggaris 1) Indonesia 2009 24 Feb’ 1998 100,00 100,00 80,40 78,81
Tahap
eksplorasi/
PT Medco Energi Natuna Timur 1) Indonesia 26 Nov' 2010 100,00 100,00 6,00 6,00
Exploration
stage
PT Medco E & P Lematang 1) Indonesia 2003 6 Apr’ 1987 100,00 100,00 437,68 404,00
Medco Lematang BV 2) Netherlands 2003 6 Apr’ 1987 100,00 100,00 110,95 104,10
PT Medco E & P Malaka 1) Indonesia 2019 1 Sep’ 1991 100,00 100,00 523,78 729,53
PT Medco E & P Rimau 1) Indonesia 2005 23 Apr' 2003 100,00 100,00 81,94 69,18
British
Medco Yemen Malik Ltd 2) Virgin 2012 – 100,00 100,00 24,38 23,57
Islands
Cayman
Lematang E&P Limited 2) 2008 6 Apr' 1987 100,00 100,00 46,00 40,27
Islands
2)
Medco LLC Oman 2001 Jan' 2006 78,00 78,00 84,59 77,56
Medco International Ventures Ltd 2) 3) Libya 2011 12 Mar' 2005 100,00 100,00 74,01 121,36
Medco E&P Natuna Ltd 2) Bermuda 1979 19 Jan' 1999 100,00 100,00 556,51 556,52
Tahap
eksplorasi/
Ophir Tanzania (Block 1) Limited 2) Jersey 08 Dec' 2005 100,00 100,00 123,66 123,57
Exploration
stage
British
Medco Energi Bangkanai Ltd 2) Virgin 2016 30 Dec’ 2003 100,00 100,00 209,47 202,86
Islands
Medco Energi Central Kalimantan Ltd 2) Belize 2016 30 Dec’ 2003 100,00 100,00 54,47 52,66
Medco Energi Kerendan Limited 2) Mauritius 2016 30 Dec’ 2003 100,00 100,00 12,59 11,18
British
Medco Energi West Bangkanai
Virgin – 15 May 2013 100,00 100,00 0,27 0,15
Limited 2)
Islands
Tahap
eksplorasi/
Ophir Mexico Operations, S.A de C.V 2) Mexico 02 Feb' 2018 100,00 100,00 3,34 3,35
Exploration
stage
British
Medco Energi Thailand (Bualuang)
Virgin 2008 24 Oct' 1996 100,00 100,00 334,47 346,08
Limited 2)
Islands
Medco Energi Oman Block 60 Ltd
(dahulu/formerly Medco Energi (BVI) Oman 2011 19 Mar' 2011 100,00 100,00 745,18 1,00
Ltd) 2)
2023 Annual Report PT Medco Energi Internasional Tbk 173
15
Page 176
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM (lanjutan) 1. GENERAL (continued)
d. Entitas Anak (lanjutan) d. Subsidiaries (continued)
Tanggal
perolehan
Dimulainya izin Jumlah aset (sebelum
Negara kegiatan eksplorasi/ Persentase kepemilikan efektif/ eliminasi) dalam jutaan/
Domisili/ komersial/ eksploitasi/ Effective percentage of Total assets (before
Country of Start of Date of ownership elimination)
Domicile commercial exploration/ in millions
operations exploitation
permit
obtained 2023 2022 2023 2022
Eksplorasi dan produksi minyak dan gas/ (lanjutan)
Exploration and production of oil and gas
(continued)
United
Medco Energi Thailand (E&P) Limited 2) 2008 24 Oct' 1996 100,00 100,00 96,12 121,39
Kingdom
2) 3)
Ophir Vietnam Block 12W B.V Netherlands 2011 17 Nov' 2000 100,00 100,00 104,49 78,20
Medco Energi Madura Offshore Pty Ltd 2) Australia 2006 04 Dec' 1997 100,00 100,00 220,36 223,60
Medco Energi Sampang Pty Ltd 2) Australia 2007 04 Dec' 1997 100,00 100,00 107,75 98,93
Medco E&P Grissik Ltd 2) Bermuda 1980 09 Feb' 1976 100,00 100,00 1.369,78 1.039,15
British
Medco E&P Corridor Holding Ltd 2) Virgin 1980 09 Feb' 1976 100,00 100,00 1.259,16 889,57
Islands
Jasa penunjang operasi minyak dan gas/
Support services for oil and gas activities
PT Exspan Petrogas Intranusa 1) Indonesia 100,00 100,00 7,52 10,00
PT Mitra Energi Gas Sumatera 1) Indonesia 100,00 100,00 5,13 5,86
Medco Singapore Operation Pte Ltd 2) Singapore 100,00 100,00 2,81 10,16
Perdagangan/
Trading
Medco Energi Global Pte Ltd 2) Singapore 100,00 100,00 7.014,80 5.238,96
Gas Alam Cair/
Liquefied Natural Gas
PT Medco LNG Indonesia 1) Indonesia 100,00 100,00 215,43 159,91
Energi Listrik/
Power
PT Medco Power Internasional 1) Indonesia 100,00 100,00 70,53 69,67
PT Medco Power Indonesia 2) Indonesia 100,00 100,00 429,54 448,41
PT Medcopower Servis Indonesia 2) Indonesia 62,00 62,00 5,10 1,88
PT Mitra Energi Batam 2) Indonesia 42,39 42,39 40,74 44,09
PT Dalle Energy Batam 2) Indonesia 47,99 47,99 32,71 38,44
PT TJB Power Services 2) Indonesia 49,88 49,88 14,19 15,71
PT Medco Power Sentral Sumatera 2) Indonesia 100,00 100,00 41,72 41,18
PT Medco Geothermal Indonesia 2) Indonesia 100,00 100,00 44,74 37,10
PT Medco Cahaya Geothermal 2) Indonesia 51,00 51,00 171,35 71,68
PT Medco Geothermal Sarulla 2) Indonesia 62,00 62,00 6,52 8,43
PT Energi Prima Elektrika 2) Indonesia 55,50 55,50 8,07 8,88
PT Energi Listrik Batam 2) Indonesia 43,39 43,39 72,58 58,42
PT Multidaya Prima Elektrindo 2) Indonesia 51,00 51,00 12,32 12,53
PT Pembangkitan Pusaka
Indonesia 100,00 100,00 15,05 15,20
Parahiangan 2)
2)
PT Dalle Panaran Indonesia 100,00 100,00 0,68 0,67
PT Indo Medco Power 2) Indonesia 100,00 100,00 0,13 0,13
PT Universal Batam Energy 2) Indonesia 42,00 42,00 12,27 1,41
174 PT Medco Energi Internasional Tbk 2023 Annual Report
16
Page 177
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM (lanjutan) 1. GENERAL (continued)
d. Entitas Anak (lanjutan) d. Subsidiaries (continued)
Tanggal
perolehan
Dimulainya izin Jumlah aset (sebelum
Negara Persentase kepemilikan efektif/ eliminasi) dalam jutaan/
kegiatan eksplorasi/
Domisili/ Effective percentage of Total assets (before
komersial/ eksploitasi/
Country ownership elimination)
Start of Date of
of in millions
commercial exploration/
Domicile
operations exploitation
permit
obtained 2023 2022 2023 2022
Energi Listrik/ (lanjutan)
Power (continued)
PT Medco Energi Menamas 2) Indonesia 59,99 59,99 9,79 9,59
PT Medco General Power Services 2) Indonesia 59,76 59,76 4,75 4,65
PT Sangsaka Hidro Lestari 2) Indonesia 56,00 56,00 0,06 0,06
PT Sangsaka Agro Lestari 2) Indonesia 70,00 70,00 0,51 0,50
PT Sangsaka Hidro Selatan 2) Indonesia 69,93 69,93 0,06 0,06
PT Sangsaka Hidro Kasmar 2) Indonesia 67,20 67,20 0,96 0,94
PT Sangsaka Hidro Cisereuh 2) Indonesia 69,99 69,99 0,06 0,06
PT Sangsaka Hidro Patikala Lima 2) Indonesia 67,20 67,20 0,06 0,06
PT Sangsaka Hidro Baliase 2) Indonesia 67,20 67,20 0,10 0,10
PT Sangsaka Hidro Barat 2) Indonesia 100,00 100,00 0,70 0,69
PT Nawakara Energi Sumpur 2) Indonesia 80,00 80,00 1,06 1,04
PT Bio Jatropha Indonesia 2) Indonesia 69,99 69,99 18,31 13,94
PT Medco Ratch Power Riau 2) Indonesia 51,00 51,00 373,99 387,08
PT Medcopower Transportasi Listrik 2) Indonesia 100,00 100,00 0,13 0,16
PT Medcosolar Bali Timur 2) Indonesia 51,00 51,00 3,75 3,43
PT Medco Solar Bali Barat 2) Indonesia 51,00 51,00 4,18 2,60
PT Medco Sumbawa Gas 2) 4) Indonesia – 100,00 – 12,67
PT Medco Kansai Power Indonesia 2) Indonesia 60,00 60,00 142,12 141,19
Lain-lain/
Others
Medco Straits Services Pte Ltd 1) Singapore 100,00 100,00 1.357,93 1.517,82
Medco Platinum Road Pte Ltd 2) Singapore 100,00 100,00 592,83 743,61
Medco Oak Tree Pte Ltd 2) Singapore 100,00 100,00 587,28 586,84
Medco Bell Pte Ltd 2) Singapore 100,00 100,00 619,19 616,91
Medco Laurel Tree Pte Ltd 2) Singapore 100,00 100,00 391,11 390,93
Medco Maple Tree Pte Ltd 2) Singapore 100,00 – 489,53 –
United
Ophir Energy Ltd 2) 100,00 100,00 2.979,36 2.588,54
Kingdom
PT Satria Raksa Buminusa 2) Indonesia 100,00 100,00 6,77 5,37
Petroleum Exploration & Production Cayman
100,00 100,00 19,65 19,65
International Ltd 2) Islands
Medco International Services Pte Ltd 2) Singapore 100,00 100,00 30,25 31,06
Medco Energi USA Inc 2) 3) USA 100,00 100,00 231,89 232,10
2023 Annual Report PT Medco Energi Internasional Tbk 175
17
Page 178
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM (lanjutan) 1. GENERAL (continued)
d. Entitas Anak (lanjutan) d. Subsidiaries (continued)
Rincian entitas anak yang tidak aktif, tidak The subsidiaries that are not active, not
signifikan atau dimiliki secara tidak significant or owned indirectly by the
langsung oleh Perusahaan pada tanggal Company as of December 31, 2023 and
31 Desember 2023 dan 2022 adalah 2022 are as follows:
sebagai berikut:
Persentase kepemilikan efektif/
Effective percentage of ownership
2023 2022
Eksplorasi dan produksi minyak dan gas/
Exploration and production of oil and gas
PT Medco Energi Madura 1) 100,00 100,00
PT Medco CBM Pendopo 2) 100,00 100,00
PT Medco Energi Belida 1) 100,00 100,00
PT Medco E & P Sembakung 1) 100,00 100,00
PT Medco Energi Beluga (dahulu/formerly PT Medco E & P Kampar) 1) 100,00 100,00
PT Medco E & P Bengara Indonesia 1) 100,00 100,00
Medco Simenggaris Pty Ltd 1) 100,00 100,00
Medco Arabia Ltd 2) 100,00 100,00
Medco Energi US LLC 2) 3) 100,00 100,00
Medco Energi Oman Block 48 Ltd (dahulu/formerly Far East Trading Ltd) 2) 100,00 100,00
Medco Yemen Amed Ltd 2) 100,00 100,00
Medco International Entreprise Ltd 2) 100,00 100,00
Medco International Entreprise Cro Ltd 2) 100,00 100,00
Medco Far East Limited Cayman Islands 1) 100,00 100,00
Medco Asia Pacific Ltd 2) 100,00 100,00
PT Medco E & P Bangkanai 1) 100,00 100,00
PT Medco E & P Nunukan 1) 100,00 100,00
Medco South China Sea Pte Ltd 2) 100,00 100,00
Medco Natuna Pte Ltd 2) 100,00 100,00
Medco Yemen Holding Ltd 2) 100,00 100,00
Medco Petroleum Management LLC 2) 4) – 100,00
Medco Indonesia Holding BV 1) 100,00 100,00
Ophir Holdings & Services (UK) Limited 2) 100,00 100,00
Ophir Holdings Limited 2) 100,00 100,00
Ophir Asia Limited 2) 100,00 100,00
Dominion Petroleum Limited 2) 100,00 100,00
Salamander Energy Ltd 2) 100,00 100,00
Ophir Mexico Limited 2) 100,00 100,00
Ophir Gabon (Gnondo) Limited 2) 4) – 100,00
Ophir Gabon (Manga) Limited 2) 4) – 100,00
Ophir Gabon (Mbeli) Limited 2) 4) – 100,00
Ophir Gabon (Ntsina) Limited 2) 4) – 100,00
Ophir Equatorial Guinea (Block R) Limited 2) 100,00 100,00
Ophir Myanmar (Block AD-3) Limited 2) 100,00 100,00
Ophir East Africa Holdings Limited 2) 100,00 100,00
Ophir Tanzania (Block 3) Limited 2) 100,00 100,00
Ophir Tanzania (Block 4) Limited 2) 100,00 100,00
Ophir East Africa Ventures Limited 2) 100,00 100,00
Ophir Pipeline Limited 2) 100,00 100,00
Ophir Gas Marketing Limited 2) 100,00 100,00
176 PT Medco Energi Internasional Tbk 2023 Annual Report
18
Page 179
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM (lanjutan) 1. GENERAL (continued)
d. Entitas Anak (lanjutan) d. Subsidiaries (continued)
Persentase kepemilikan efektif/
Effective percentage of ownership
2023 2022
Eksplorasi dan produksi minyak dan gas/ (lanjutan)
Exploration and production of oil and gas (continued)
Ophir LNG Limited 2) 100,00 100,00
Ophir Energy Indonesia (Aru) Limited 2) 4) – 100,00
Ophir Energy Indonesia (Kofiau) 1 Limited 2) 4) – 100,00
Ophir Energy Indonesia (West Papua IV) 1 Limited 2) 4) – 100,00
Ophir Energy Indonesia (North Ganal)
– 100,00
Limited 2) 4)
2) 5)
Dominion Investments Limited 100,00 100,00
Dominion Oil & Gas Limited 2) 100,00 100,00
Dominion Oil & Gas Limited (Tanzania) 2) 100,00 100,00
Dominion Petroleum Acquisitions Limited 2) 100,00 100,00
DOMPET Limited 2) 100,00 100,00
Dominion Tanzania Limited 2) 100,00 100,00
Dominion Petroleum Kenya Limited 2) 100,00 100,00
PHT Partners LP 2) 4) – 100,00
Salamander Energy (Bualuang Holdings) Limited 2) 100,00 100,00
Salamander Energy (Lao) Company Limited 2) 100,00 100,00
Salamander Energy (Malaysia) Limited 2) 5) 100,00 100,00
Salamander Energy (S.E. Asia) Limited 2) 100,00 100,00
Ophir Indonesia (S.E. Sangatta) Limited 2) 100,00 100,00
Salamander Energy Group Limited 2) 100,00 100,00
Salamander Energy (Holdco) Limited 2) 4) – 100,00
Ophir Energy Indonesia Limited 2) 100,00 100,00
Ophir Jaguar 1 Limited 2) 100,00 100,00
Ophir Jaguar 2 Limited 2) 100,00 100,00
Santos Sabah Block R Ltd 2) 4) – 100,00
Ophir Spv Pty Ltd 2) 100,00 100,00
Ophir Asia Pacific Pty Ltd 2) 100,00 100,00
PT Medco Energi Bangkanai 1) 100,00 100,00
PT Medco Energi Sampang 1) 100,00 100,00
Jasa penunjang operasi minyak dan gas/
Support services for oil and gas activities
PT Medco Energi CBM Indonesia 1) 100,00 100,00
Medco Petroleum Services Ltd 2) 100,00 100,00
Perdagangan/
Trading
PT Medco Sampang Indonesia 1) 100,00 100,00
Far East Energy Trading Pte Ltd 2) 100,00 100,00
Produksi kimia dan perdagangan/
Production and trading of chemicals
PT Medco Downstream Indonesia 1) 3) 100,00 100,00
PT Medco LPG Kaji 2) 3) 100,00 100,00
PT Medco Methanol Bunyu 2) 3) 100,00 100,00
PT Medco Ethanol Lampung 2) 3) 100,00 100,00
Energi Listrik/
Power
PT Muara Enim Multi Power 2) 80,00 80,00
PT Medco Geothermal Nusantara 2) 100,00 100,00
PT Medco Hidro Indonesia 2) 100,00 100,00
PT Medcopower Energi Baru 2) 100,00 100,00
PT Medcopower Surya Nusantara 2) 100,00 100,00
PT Medcopower Elektrika Indonesia 2) 100,00 100,00
2023 Annual Report PT Medco Energi Internasional Tbk 177
19
Page 180
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM (lanjutan) 1. GENERAL (continued)
d. Entitas Anak (lanjutan) d. Subsidiaries (continued)
Persentase kepemilikan efektif/
Effective percentage of ownership
2023 2022
Lain-lain/Others
PT Medco Solar Pasifik 2) 100,00 100,00
Medco Power Global Pte Ltd 2) 100,00 100,00
PT Medco Sarana Balaraja 1) 100,00 100,00
PT Musi Raksa Buminusa 2) 100,00 100,00
PT Mahakam Raksa Buminusa 2) 99,00 99,00
PT Medco Energi Nusantara 1) 100,00 100,00
PT Medco Power Generation Indonesia 1) 100,00 100,00
PT Medco Energi Linggau 2) 100,00 100,00
PT Medco Geothermal Sumatera 2) 100,00 100,00
PT Medco Power Energi Services 2) 100,00 –
1) Entitas anak dengan kepemilikan langsung oleh PT Medco Energi Internasional 1) Subsidiaries held directly by PT Medco Energi Internasional Tbk
Tbk
2) Entitas anak dengan kepemilikan tidak langsung 2) Subsidiaries held indirectly through subsidiary undertakings
3) Entitas anak diklasifikasikan sebagai aset tersedia untuk dijual atau operasi yang 3) Subsidiaries classified as asset held for sale or discontinued operation (Note 39)
dihentikan (Catatan 39)
4) Entitas anak dibubarkan pada tahun 2023 4) Subsidiaries dissolved in 2023
5) Entitas anak dibubarkan pada tahun 2024 5) Subsidiaries dissolved in 2024
ii. Grup mempunyai operasi bersama minyak ii. The Group has interests in the following
dan gas atau Kontrak Jasa/Perjanjian domestic petroleum joint operations or
Partisipasi dan Pembagian Ekonomi di Service Contracts/Participation and
dalam negeri sebagai berikut: Economic Sharing Agreements as follows:
Hak Kepemilikan (%)/Interest (%)
Daerah Operasi 2023 2022 Operation Area
PSC Sumatera Selatan 65,00 65,00 PSC South Sumatera
PSC Tarakan 100,00 100,00 PSC Tarakan
PSC Rimau 65,00 65,00 PSC Rimau
JOB Senoro-Toili 30,00 30,00 JOB Senoro-Toili
PSC Lematang 100,00 100,00 PSC Lematang
JOB Simenggaris 62,50 62,50 JOB Simenggaris
PSC Blok “A” Aceh (Blok A) 85,00 85,00 PSC Block “A” Aceh (Block A)
PSC Laut Natuna Selatan Blok B PSC South Natuna Sea Block B
40,00 40,00
(Blok B) (Block B)
PSC Bangkanai 70,00 70,00 PSC Bangkanai
PSC Bangkanai Barat 70,00 70,00 PSC West Bangkanai
PSC Madura Offshore (Madura) 67,50 67,50 PSC Madura Offshore (Madura)
PSC Sampang 45,00 45,00 PSC Sampang
PSC Kofiau – 100,00 PSC Kofiau
PSC Sokang Utara 100,00 100,00 PSC North Sokang
PSC Blok Corridor 46,00 54,00 PSC Block Corridor
PSC Beluga 100,00 – PSC Beluga
PSC: Kontrak Bagi Hasil PSC: Production Sharing Contract
JOB: Badan Operasi Bersama JOB: Joint Operating Body
178 PT Medco Energi Internasional Tbk 2023 Annual Report
20
Page 181
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM (lanjutan) 1. GENERAL (continued)
d. Entitas Anak (lanjutan) d. Subsidiaries (continued)
iii. Grup mempunyai operasi bersama minyak iii. The Group has interests in the following
dan gas atau Kontrak Jasa/Perjanjian overseas petroleum joint operations or
Partisipasi dan Pembagian Ekonomi di luar Service Contracts/Participation and
negeri sebagai berikut: Economic Sharing Agreements as follows:
Hak Kepemilikan (%)/Interest (%)
Operasi Bersama Negara/Country 2023 2022 Joint Operations
Blok 8/38 (Bualuang) Thailand 100,00 100,00 Block 8/38 (Bualuang)
Nimr - Karim Area Oman 58,50 58,50 Nimr - Karim Area
Blok 56 Oman 5,00 5,00 Block 56
Blok 47 Ghadames Basin Block 47 Ghadames Basin
Libya 50,00 50,00
(Area 47) 1) (Area 47) 1)
Blok 12W 1) Vietnam 31,88 31,88 Block 12W 1)
Blok 9 Yaman/Yemen 21,25 21,25 Block 9
Blok 1 dan 4 Tanzania 20,00 20,00 Block 1 and 4
Blok 10 dan 12 Mexico 20,00 20,00 Block 10 and 12
Blok 48 Oman 20,00 – Block 48
Blok 60 Oman 20,00 – Block 60
1) Operasi dari entitas anak yang diklasifikasikan sebagai aset tersedia untuk dijual 1) Operation from subsidiary classified as asset held for sale or discontinued operation
atau operasi yang dihentikan pada tanggal 31 Desember 2023 dan 31 Desember as of December 31, 2023 and December 31, 2022 (Note 39).
2022 (Catatan 39).
iv. Grup mempunyai pembangkit listrik dengan iv. The Group has power plants with the
kapasitas terpasang sebagai berikut: installed capacity as follows:
Kapasitas Terpasang (MW)/
Installed Capacity (MW)
Entitas Wilayah/Region 2023 2022
PT Medco Power Indonesia Batam – 20
PT Medco Power Indonesia Sumatera Selatan/South Sumatera 7 7
PT Mitra Energi Batam Batam 85 85
PT Dalle Energy Batam Batam 85 85
PT Energi Listrik Batam Batam 76 76
PT Energi Prima Elektrika Palembang 12 12
PT Multidaya Prima Elektrindo Palembang 12 12
PT Bio Jatropha Indonesia Jawa Barat/West Java 9 9
PT Pembangkitan Pusaka Parahiangan Jawa Barat/West Java 9 9
PT Medco Ratch Power Riau Riau 275 275
PT Medco Cahaya Geothermal 1) Jawa Timur/East Java 110 110
1) Masih dalam proses konstruksi dan belum beroperasi secara komersial pada 1) In construction process and not commercially operational yet as of December 31,
tanggal 31 Desember 2023 dan 31 Desember 2022. 2023 and December 31, 2022.
v. Grup melakukan sejumlah akuisisi dan v. The Group has undertaken acquisitions
divestasi/penjualan aset sebagaimana and divestments/sale of assets as
diungkapkan dalam Catatan 48. disclosed in Note 48.
2023 Annual Report PT Medco Energi Internasional Tbk 179
21
Page 182
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
- POLICIES
a. Dasar Penyusunan Laporan Keuangan a. Basis of the Preparation of the
Konsolidasian Consolidated Financial Statements
Laporan keuangan konsolidasian telah The consolidated financial statements have
disajikan sesuai dengan Standar Akuntansi been prepared in accordance with Indonesian
Keuangan (“SAK”), yang terdiri dari Financial Accounting Standards (“SAK”), which
Pernyataan Standar Akuntansi Keuangan comprise the Statements of Financial
(“PSAK”) dan Interpretasi Standar Akuntansi Accounting Standards (“PSAK”) and
Keuangan (“ISAK”) yang dikeluarkan oleh Interpretations of Financial Accounting
Dewan Standar Akuntansi Keuangan Ikatan Standards (“ISAK”) issued by the Financial
Akuntan Indonesia (“DSAK IAI”) dan Peraturan Accounting Standards Board of the Indonesian
serta Pedoman Penyajian dan Pengungkapan Institute of Accountants (“DSAK IAI”) and the
Laporan Keuangan yang dikeluarkan oleh Regulations and the Guidelines on Financial
Otoritas Jasa Keuangan (“OJK”). Statements Presentation and Disclosures
issued by Financial Services Authority (“OJK”).
Laporan keuangan konsolidasian telah The consolidated financial statements have
disusun atas dasar akrual, kecuali untuk been prepared on the accrual basis, except for
laporan arus kas konsolidasian, dengan consolidated statements of cash flows, using
menggunakan konsep biaya historis, kecuali historical cost concept, except for certain
untuk akun-akun tertentu yang diukur dengan accounts which are measured on the basis
dasar sebagaimana dijelaskan di dalam described in the relevant notes herein.
kebijakan akuntansi terkait.
Laporan arus kas konsolidasian yang disusun The consolidated statements of cash flows,
dengan menggunakan metode langsung, which were prepared using the direct method,
menyajikan penerimaan dan pengeluaran kas presents cash receipts and payments
dimana arus kas diklasifikasikan menjadi classified into operating, investing and
aktivitas operasi, investasi dan pendanaan. financing activities.
Kebijakan akuntansi yang diterapkan oleh The accounting policies adopted by the Group
Grup adalah selaras bagi tahun yang dicakup are consistently applied for the years covered
oleh laporan keuangan konsolidasian, kecuali by the consolidated financial statements,
untuk standar akuntansi baru dan revisi seperti except for new and revised accounting
diungkapkan pada Catatan 2ee dibawah ini. standards as disclosed in Note 2ee below.
Grup telah menyusun laporan keuangan The Group has prepared the consolidated
konsolidasian dengan dasar bahwa Grup akan financial statements on the basis that it will
terus beroperasi secara berkesinambungan. continue to operate as a going concern.
Mata uang pelaporan yang digunakan dalam The presentation currency used in the
penyusunan laporan keuangan konsolidasian preparation of the consolidated financial
adalah Dolar Amerika Serikat (”Dolar AS”), statements is the United States Dollar (“US
yang juga merupakan mata uang fungsional Dollar”), which also the Company’s functional
Perusahaan dan mata uang pelaporan Grup. currency and the Group’s presentation
Setiap entitas dalam Grup menentukan mata currency. Each entity in the Group determines
uang fungsionalnya masing-masing dan its own functional currency and measures its
mengukur transaksinya dalam mata uang transactions in its respective functional
fungsional tersebut. currency.
b. Prinsip Konsolidasi b. Principles of Consolidation
Laporan keuangan konsolidasian terdiri dari The consolidated financial statements
laporan keuangan Perusahaan dan entitas comprise the financial statements of the
anaknya seperti dijelaskan pada Catatan 1d. Company and its subsidiaries as described in
Note 1d.
180 PT Medco Energi Internasional Tbk 2023 Annual Report
22
Page 183
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
b. Prinsip Konsolidasi (lanjutan) b. Principles of Consolidation (continued)
Laporan keuangan konsolidasian meliputi The consolidated financial statements include
laporan keuangan Perusahaan dan entitas accounts of the Company and its subsidiaries
anak (“Grup”) pada tanggal 31 Desember (“Group”) at December 31 each year. Control
setiap tahun. Kendali diperoleh bila Grup is achieved when the Group is exposed, or has
terekspos atau memiliki hak atas imbal hasil rights, to the variable returns from its
variabel dari keterlibatannya dengan investee involvement with the investee and has the
dan memiliki kemampuan untuk ability to affect those returns through its power
mempengaruhi imbal hasil tersebut melalui over the investee. Thus, the Group controls an
kekuasaannya atas investee. Dengan investee if and only if the Group has all of the
demikian, Grup mengendalikan investee jika following:
dan hanya jika Grup memiliki seluruh hal
berikut ini:
(a) kekuasaan atas investee, yaitu hak yang (a) power over the investee, is existing rights
ada saat ini yang memberi Grup that give the Group the current ability to
kemampuan saat ini untuk mengarahkan direct the relevant activities of the
aktivitas yang relevan dari investee; investee;
(b) eksposur atau hak atas imbal hasil (b) exposure or rights, to variable returns
variabel dari keterlibatannya dengan from its involvement with the investee;
investee; dan and
(c) kemampuan untuk menggunakan (c) the ability to use its power over the
kekuasaannya atas investee untuk investee to affect its returns.
mempengaruhi jumlah imbal hasil.
Bila Grup memiliki hak suara atau hak serupa When the Group has less than a majority of
kurang dari mayoritas dari suatu investee, the voting or similar rights of an investee, the
Grup mempertimbangkan semua fakta dan Group considers all relevant facts and
keadaan yang relevan dalam mengevaluasi circumstances in assessing whether it has
apakah mereka memiliki kekuasaan atas power over an investee, including:
investee, termasuk:
(a) pengaturan kontraktual dengan pemilik (a) the contractual arrangement with the
hak suara lainnya dari investee; other vote holders of the investee;
(b) hak yang timbul atas pengaturan (b) rights arising from other contractual
kontraktual lain; dan arrangements; and
(c) hak suara dan hak suara potensial yang (c) the Group’s voting rights and potential
dimiliki Grup. voting rights.
Grup menilai kembali apakah mereka The Group re-assesses whether or not it
mengendalikan investee bila fakta dan controls an investee if facts and circumstances
keadaan mengindikasikan adanya perubahan indicate that there are changes to one or more
terhadap satu atau lebih dari ketiga elemen of the three elements of control.
pengendalian.
Entitas anak dikonsolidasi secara penuh sejak Subsidiaries are fully consolidated from the
tanggal akuisisi, yaitu tanggal Perusahaan date of acquisition, being the date on which
memperoleh pengendalian, sampai dengan the Company obtained control, and continue to
tanggal kehilangan pengendalian. Aset, be consolidated until the date such control
liabilitas, penghasilan dan beban dari entitas ceases. Assets, liabilities, income and
anak yang diakuisisi pada tahun tertentu expenses of a subsidiary acquired during the
disertakan dalam laporan keuangan year are included in the consolidated financial
konsolidasian sejak tanggal Grup memperoleh statements from the date the Group obtains
kendali sampai tanggal Grup tidak lagi control and until the date the Group ceases to
mengendalikan entitas anak tersebut. control the subsidiary.
2023 Annual Report PT Medco Energi Internasional Tbk 181
23
Page 184
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
b. Prinsip Konsolidasi (lanjutan) b. Principles of Consolidation (continued)
Laporan keuangan (konsolidasian) entitas The (consolidated) financial statements of the
anak dibuat untuk periode pelaporan yang subsidiaries are prepared for the same
sama dengan Perusahaan, menggunakan reporting period as the Company, using
kebijakan akuntansi yang konsisten. consistent accounting policies.
Semua akun dan transaksi antar Grup yang All material intercompany accounts and
material, termasuk keuntungan atau kerugian transactions, including unrealized gains or
yang belum direalisasi, jika ada, dieliminasi losses, if any, are eliminated to reflect the
untuk mencerminkan posisi keuangan dan financial position and the results of operations
hasil operasi Grup sebagai satu kesatuan of the Group as one business entity.
usaha.
Perubahan dalam bagian kepemilikan entitas A change in the parent’s ownership in a
induk pada entitas anak, yang tidak subsidiary, without loss of control, is
mengakibatkan hilangnya pengendalian, accounted for as an equity transaction. In case
dicatat sebagai transaksi ekuitas. Jika of loss of control over a subsidiary, the Group
kehilangan pengendalian atas suatu entitas derecognizes the related assets (including
anak, maka Grup menghentikan pengakuan goodwill), liabilities, non-controlling interest
aset terkait (termasuk goodwill), kewajiban, (NCI) and other componets of equity, while
kepentingan non pengendali (KNP) dan any resulting gain or loss is recognized in profit
komponen ekuitas lainnya, sementara laba or loss. Any investment retained is recognized
atau rugi yang dihasilkan dicatat di laporan at fair value.
laba rugi. Nilai investasi yang dipertahankan
dicatat pada nilai wajarnya.
c. Kombinasi Bisnis c. Business Combinations
Kombinasi bisnis dicatat dengan Business combinations are accounted for
menggunakan metode akuisisi. Biaya using the acquisition method. The cost of an
perolehan dari suatu akuisisi diukur dari nilai acquisition is measured as the aggregate of
agregat imbalan yang dialihkan, diukur pada the consideration transferred, measured at
nilai wajar pada tanggal akuisisi dan jumlah acquisition date fair value and the amount of
setiap KNP pada pihak yang diakuisisi. Untuk any NCI in the acquiree. For each business
setiap kombinasi bisnis, Grup mengukur KNP combination, the Group measures the NCI in
pada entitas yang diakuisisi pada nilai wajar the acquiree either at fair value or at the
atau pada proporsi kepemilikan KNP atas aset proportionate share of the acquiree’s
neto yang teridentifikasi dari entitas yang identifiable net assets. Transaction costs
diakuisisi. Biaya-biaya akuisisi yang timbul incurred are directly expensed and included in
dibebankan langsung dan dicatat dalam “Selling, General and Administrative
“Beban Penjualan, Umum dan Administrasi”. Expenses”.
182 PT Medco Energi Internasional Tbk 2023 Annual Report
24
Page 185
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
c. Kombinasi Bisnis (lanjutan) c. Business Combinations (continued)
Grup menentukan bahwa mereka telah The Group determines that it has acquired a
mengakuisisi bisnis ketika rangkaian aktivitas business when the acquired set of activities
dan aset yang diakuisisi mencakup input dan and assets include an input and a substantive
proses substantif yang bersama-sama secara process that together significantly contribute to
signifikan berkontribusi pada kemampuan the ability to create outputs. The acquired
untuk menghasilkan output. Proses yang process is considered substantive if it is critical
diperoleh adalah substantif jika penting bagi to the ability to continue producing outputs,
kemampuan untuk terus menghasilkan output, and the inputs acquired include an organized
dan input yang diperoleh mencakup tenaga workforce with the necessary skills,
kerja yang terorganisir dengan keterampilan, knowledge, or experience to perform that
pengetahuan, atau pengalaman yang process or it significantly contributes to the
diperlukan untuk melakukan proses itu atau ability to continue producing outputs and is
secara signifikan berkontribusi pada considered unique or scarce or cannot be
kemampuan untuk terus menghasilkan output replaced without significant cost, effort, or
dan dianggap unik atau langka atau tidak delay in the ability to continue producing
dapat diganti tanpa biaya, usaha, atau outputs.
penundaan yang signifikan dalam kemampuan
untuk terus menghasilkan output.
Ketika melakukan akuisisi atas sebuah bisnis, When the Group acquires a business, it
Grup mengklasifikasikan dan menentukan aset assesses the financial assets acquired and
keuangan yang diperoleh dan liabilitas liabilities assumed for appropriate
keuangan yang diambil alih berdasarkan pada classification and designation in accordance
persyaratan kontraktual, kondisi ekonomi dan with the contractual terms, economic
kondisi terkait lain yang ada pada tanggal circumstances and pertinent conditions as at
akuisisi. the acquisition date.
Imbalan kontinjensi yang akan dibayarkan oleh Any contingent consideration to be transferred
Grup diakui pada nilai wajar pada tanggal by the Group will be recognized at fair value at
akuisisi. Perubahan nilai wajar atas imbalan the acquisition date. Subsequent changes to
kontinjensi setelah tanggal akuisisi yang the fair value of the contingent consideration
diklasifikasikan sebagai aset atau liabilitas, which is deemed to be an asset or liability will
akan diakui dalam laporan laba rugi atau be recognized in accordance with PSAK 71
sebagai penghasilan komprehensif lain sesuai (since January 1, 2024 referred to as PSAK
dengan PSAK 71 (sejak tanggal 1 Januari 109) either in profit or loss or as other
2024 dirujuk sebagai PSAK 109) Imbalan comprehensive income. Other contingent
kontinjensi lain yang tidak termasuk dalam consideration that is not within the scope of
PSAK 71 (sejak tanggal 1 Januari 2024 dirujuk PSAK 71 (since January 1, 2024 referred to as
sebagai PSAK 109) diukur sebesar nilai wajar PSAK 109) is measured at fair value at each
pada setiap tanggal pelaporan dengan reporting date with changes in fair value
perubahan nilai wajar yang diakui pada laba recognized in profit or loss.
rugi.
Bila pencatatan awal kombinasi bisnis belum If the initial accounting for a business
dapat diselesaikan pada tanggal pelaporan, combination is incomplete by the end of the
Grup melaporkan jumlah sementara bagi pos reporting, the Group reports provisional
yang pencatatannya belum dapat diselesaikan amounts for the items for which the accounting
tersebut. is incomplete.
2023 Annual Report PT Medco Energi Internasional Tbk 183
25
Page 186
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
c. Kombinasi Bisnis (lanjutan) c. Business Combinations (continued)
Periode pengukuran adalah periode setelah The measurement period is the period after
tanggal akuisisi yang didalamnya Grup dapat the acquisition date during which the Group
melakukan penyesuaian atas jumlah may adjust the provisional amounts
sementara yang diakui dalam kombinasi bisnis recognized for a business combination. During
tersebut. Selama periode pengukuran, Grup the measurement period, the Group
mengakui penambahan aset atau liabilitas bila recognizes additional assets or liabilities if new
terdapat informasi terbaru yang diperoleh information is obtained about facts and
mengenai fakta dan keadaan pada tanggal circumstances that existed as of the
akuisisi, yang bila diketahui pada saat itu, acquisition date and, if known, would have
akan menyebabkan pengakuan atas aset dan resulted in the recognition of those assets and
liabilitas pada tanggal tersebut. liabilities as of that date.
Periode pengukuran berakhir pada saat The measurement period ends as soon as the
pengakuisisi menerima informasi yang Group receives the information it was seeking
diperlukan mengenai fakta dan keadaan pada about facts and circumstances that existed as
tanggal akuisisi atau mengetahui bahwa of the acquisition date or learns that more
informasi lainnya tidak dapat diperoleh, namun information is not obtainable but shall not
tidak lebih dari satu tahun dari tanggal akuisisi. exceed one year from the acquisition date.
Pada tanggal akuisisi, goodwill awalnya diukur At acquisition date, goodwill is initially
pada harga perolehan yang merupakan selisih measured at cost being the excess of the
lebih nilai agregat dari imbalan yang dialihkan aggregate of the consideration transferred and
dan jumlah setiap KNP atas selisih jumlah dari the amount recognized for NCI over the net
aset teridentifikasi yang diperoleh dan liabilitas identifiable assets acquired and liabilities
yang diambil alih. assumed.
Jika imbalan tersebut lebih rendah dari nilai If this consideration is lower than the fair value
wajar aset neto entitas anak yang diakuisisi, of the net assets of the subsidiary acquired,
selisih tersebut diakui pada laba rugi sebagai the difference is recognized in profit or loss as
keuntungan dari pembelian dengan diskon gain on bargain purchase after previously
setelah sebelumnya manajemen melakukan assessing the identification and fair value
penilaian atas identifikasi dan nilai wajar dari measurement of the acquired assets and the
aset yang diperoleh dan liabilitas yang diambil assumed liabilities.
alih.
Setelah pengakuan awal, goodwill diukur pada After initial recognition, goodwill is measured
jumlah tercatat dikurangi akumulasi kerugian at cost less accumulated impairment losses, if
penurunan nilai, jika ada. Untuk tujuan uji any. For the purpose of impairment testing,
penurunan nilai, goodwill yang diperoleh dari goodwill acquired in a business combination is
suatu kombinasi bisnis dialokasikan sejak allocated from the acquisition date to each of
tanggal akuisisi kepada setiap unit penghasil the Group’s cash-generating units (“CGU”) that
kas (“UPK”) dari Grup yang diharapkan akan are expected to receive benefit from the
memperoleh manfaat dari kombinasi tersebut, combination, irrespective of whether other
terlepas dari apakah aset atau liabilitas lain assets or liabilities of the acquirer are assigned
dari pihak yang mengakuisisi dialokasikan to those CGUs.
kepada UPK tersebut.
Jika goodwill telah dialokasikan pada suatu Where goodwill forms part of a CGU and part
UPK dan operasi tertentu dalam UPK tersebut of the operation within that CGU is disposed
dilepas, maka goodwill yang terasosiasi of, the goodwill associated with the operation
dengan operasi yang dilepas tersebut disposed of is included in the carrying amount
dimasukkan dalam jumlah tercatat operasi of the operation when determining the gain or
tersebut ketika menentukan keuntungan atau loss on disposal of the operation. Goodwill
kerugian dari pelepasan operasi. Goodwill disposed of in this circumstance is measured
yang dilepaskan tersebut diukur berdasarkan based on the relative values of the operation
nilai relatif operasi yang dilepas dan porsi UPK disposed of and the portion of the CGU
yang ditahan. retained.
184 PT Medco Energi Internasional Tbk 2023 Annual Report
26
Page 187
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
c. Kombinasi Bisnis (lanjutan) c. Business Combinations (continued)
Kombinasi Bisnis Entitas Sepengendali Business Combination of Entities Under
Common Control
Berdasarkan PSAK 38 (sejak tanggal 1 Under PSAK 38 (since January 1, 2024
Januari 2024 dirujuk sebagai PSAK 338), referred to as PSAK 338), since the
karena transaksi kombinasi bisnis entitas transaction of business combination of entities
sepengendali tidak mengakibatkan perubahan under common control does not result in a
substansi ekonomi kepemilikan atas bisnis change of the economic substance of the
yang dipertukarkan, transaksi tersebut diakui ownership of businesses which are
pada nilai tercatat berdasarkan metode exchanged, the said transaction is recognized
penyatuan kepemilikan. Dalam menerapkan at its carrying amount using the pooling-of-
metode penyatuan kepemilikan, unsur-unsur interest method. In applying the pooling-of-
laporan keuangan dari entitas yang interest method, the components of the
bergabung, untuk tahun terjadinya kombinasi financial statements of the combining entities,
bisnis entitas sepengendali dan untuk tahun for the year during which the business
komparatif sajian, disajikan seolah-olah combination of entities under common control
penggabungan tersebut telah terjadi sejak occurred and for the comparative year, are
awal tahun entitas yang bergabung berada presented in such a manner as if the
dalam sepengendalian. Selisih antara jumlah combination has occurred since the beginning
imbalan yang dialihkan dalam kombinasi bisnis of the year of the combining entity under
entitas sepengendali atau jumlah imbalan common control. Difference in value of
yang diterima dalam pelepasan bisnis entitas considerations transferred in a business
sepengendali, jika ada, dengan nilai tercatat combination of entities under common control
bisnis tersebut dicatat sebagai bagian dari or considerations received in a disposal of
akun "Tambahan Modal Disetor" pada laporan business of entities under common control, if
posisi keuangan konsolidasian. any, with its carrying amount is recognized as
part of "Additional Paid-in Capital" in the
consolidated statements of financial position.
d. Penentuan Nilai Wajar d. Determination of Fair Value
Grup mengukur instrumen keuangan seperti The Group measures financial instruments
derivatif dan investasi jangka pendek pada such as derivatives and short-term
nilai wajar pada setiap tanggal pelaporan. investments at fair value at each reporting
Pengungkapan nilai wajar untuk instrumen date. Fair value related disclosures for
keuangan disajikan dalam Catatan 46. financial instruments are disclosed in Note 46.
Nilai wajar adalah harga yang akan diterima Fair value is the price that would be received
untuk menjual suatu aset atau harga yang to sell an asset or paid to transfer a liability in
akan dibayar untuk mengalihkan suatu an orderly transaction between market
liabilitas dalam transaksi teratur antara pelaku participants at the measurement date. The fair
pasar pada tanggal pengukuran. Pengukuran value measurement is based on the
nilai wajar berdasarkan asumsi bahwa presumption that the transaction to sell the
transaksi untuk menjual aset atau asset or transfer the liability takes place either:
mengalihkan liabilitas terjadi di:
• Pasar utama untuk aset dan liabilitas • In the principal market for the asset or
tersebut; atau liability; or
• Jika tidak terdapat pasar utama, di pasar • In the absence of a principal market, in the
yang paling menguntungkan untuk aset most advantageous market for the asset or
atau liabilitas tersebut liability.
2023 Annual Report PT Medco Energi Internasional Tbk 185
27
Page 188
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
d. Penentuan Nilai Wajar (lanjutan) d. Determination of Fair Value (continued)
Grup harus memiliki akses ke pasar utama The principal or the most advantageous
atau pasar yang paling menguntungkan market must be accessible by the Group.
tersebut.
Nilai wajar aset dan liabilitas diukur The fair value of an asset and a liability is
menggunakan asumsi yang akan digunakan measured using the assumptions that market
pelaku pasar ketika menentukan harga aset participants would use when pricing the asset
atau liabilitas tersebut, dengan asumsi bahwa or liability, assuming that market participants
pelaku pasar bertindak dalam kepentingan act in their economic best interest.
ekonomi terbaiknya.
Pengukuran nilai wajar dari suatu aset A fair value measurement of a non-financial
nonkeuangan memperhitungkan kemampuan asset takes into account a market participant's
pelaku pasar untuk menghasilkan manfaat ability to generate economic benefits by using
ekonomi dengan menggunakan aset dalam the asset in its highest and best use or by
penggunaan tertinggi dan terbaiknya atau selling it to another market participant that
dengan menjualnya kepada pelaku pasar lain would use the asset in its highest and best
yang akan menggunakan aset tersebut pada use.
penggunaan tertinggi dan terbaiknya.
Grup menggunakan teknik penilaian yang The Group uses valuation techniques that are
sesuai dalam keadaan dan dimana data yang appropriate in the circumstances and for which
memadai tersedia untuk mengukur nilai wajar, sufficient data are available to measure fair
memaksimalkan penggunaan input yang dapat value, maximizing the use of relevant
diobservasi yang relevan dan meminimalkan observable inputs and minimizing the use of
penggunaan input yang tidak dapat unobservable inputs.
diobservasi.
Semua aset dan liabilitas yang nilai wajarnya All assets and liabilities for which fair value is
diukur atau diungkapkan dalam laporan measured or disclosed in the consolidated
keuangan konsolidasian dikategorikan dalam financial statements are categorized within the
hierarki nilai wajar, sebagaimana dijelaskan di fair value hierarchy, described as follows,
bawah ini, berdasarkan tingkatan level input based on the lowest level input that is
yang terendah yang signifikan terhadap significant to the fair value measurement as a
pengukuran nilai wajar secara keseluruhan: whole:
• Level 1 - harga kuotasian (tanpa • Level 1 - quoted (unadjusted) market
penyesuaian) di pasar aktif untuk aset atau prices in active markets for identical assets
liabilitas yang identik. or liabilities.
• Level 2 - teknik penilaian di mana tingkat • Level 2 - valuation techniques for which the
level input terendah yang signifikan lowest level input that is significant to the
terhadap pengukuran nilai wajar dapat fair value measurement is directly or
diobservasi baik secara langsung atau indirectly observable.
tidak langsung.
• Level 3 - teknik penilaian dimana tingkat • Level 3 - valuation techniques for which the
level input terendah yang signifikan lowest level input that is significant to the
terhadap pengukuran nilai wajar tidak fair value measurement is directly or
dapat diobservasi baik secara langsung indirectly unobservable.
atau tidak langsung.
186 PT Medco Energi Internasional Tbk 2023 Annual Report
28
Page 189
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
d. Penentuan Nilai Wajar (lanjutan) d. Determination of Fair Value (continued)
Untuk aset dan liabilitas yang diukur nilai For assets and liabilities that are recognized in
wajarnya secara berulang dalam laporan the consolidated financial statements at fair
keuangan konsolidasian, Grup menentukan value on a recurring basis, the Group
apakah perpindahan antar level hierarki telah determines whether transfers have occurred
terjadi dengan melakukan evaluasi between levels in the hierarchy by re-
pengelompokan pada setiap akhir periode assessing categorization at the end of each
pelaporan. reporting period.
Komite Valuasi Grup menentukan kebijakan The Group’s Valuation Committee determines
dan prosedur terkait pengukuran nilai wajar the policies and procedures for recurring fair
yang sering dilakukan, seperti aset finansial value measurement, such as unquoted
tanpa kuotasian, dan untuk pengukuran tidak financial assets, and for non-recurring
berulang, seperti aset yang dimiliki untuk dijual measurement, such as assets held for sales in
dalam operasi yang dihentikan. Komite Valuasi discontinued operations. The Valuation
terdiri dari pimpinan divisi Corporate Planning Committee is comprised of the head of the
and Investor Relations Grup. Group’s Corporate Planning and Investor
Relations.
Penilai independen terlibat dalam penilaian Independent appraisers are involved for
untuk aset-aset yang signifikan, seperti valuation of significant assets, such as
investasi pada aset finansial tanpa kuotasian. investment in unquoted financial assets.
Keterlibatan penilai independen ini dilakukan Involvement of independent appraisers is
secara tahunan oleh Komite Valuasi setelah determined annually by the Valuation
didiskusikan dengan dan persetujuan oleh Committee after discussion with and approval
Direktur Perusahaan. Kriteria penunjukan by the Company’s Director. Selection criteria
termasuk pengetahuan pasar, reputasi, include market knowledge, reputation,
independensi dan standar profesional yang independence and whether professional
diterapkan. Komite Valuasi memutuskan, standards are maintained. The Valuation
setelah diskusi dengan penilai independen, Committee decides, after discussions with the
mengenai teknik valuasi dan input untuk independent appraisers, which valuation
digunakan untuk setiap penilaian. techniques and inputs to use for each
valuation.
Pada setiap tanggal pelaporan, divisi At each reporting date, the Group’s Corporate
Corporate Planning and Investor Relations Planning and Investor Relations together with
Grup bersama dengan divisi Aset Non-operasi the Group’s Non-operated Assets Division
Grup, menganalisa pergerakan atas nilai aset analysis the movements in the values of asset
yang mengharuskan untuk diukur ulang atau which are required to be remeasured or re-
dinilai ulang sesuai dengan kebijakan Grup. assessed as per the Group’s accounting
Untuk keperluan analisa, Komite Valuasi policies. For this analysis, the Valuation
melakukan verifikasi untuk input-input utama Committee verifies the major inputs applied in
yang ada pada perhitungan valuasi terakhir the latest valuation by agreeing the information
dan melakukan pencocokan informasi dalam in the valuation computation to contracts and
perhitungan dengan kontrak-kontrak dan other relevant documents, they also compares
dokumen-dokumen terkait, mereka juga the change in the fair value of each asset and
membandingkan perubahan nilai wajar untuk liability with relevant external sources to
setiap aset dan liabilitas dengan sumber determine whether the change is reasonable.
eksternal terkait untuk menentukan apakah
perubahan tersebut cukup wajar.
2023 Annual Report PT Medco Energi Internasional Tbk 187
29
Page 190
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
d. Penentuan Nilai Wajar (lanjutan) d. Determination of Fair Value (continued)
Untuk keperluan pengungkapan nilai wajar, For the purpose of fair value disclosures, the
Grup telah menentukan kelas aset dan Group has determined classes of assets and
liabilitas berdasarkan sifat, karakteristik dan liabilities based on the nature, characteristics
risiko atas aset atau liabilitas tersebut dan and risks of the asset or liability and the level
level hierarki nilai wajar seperti dijelaskan di of the fair value hierarchy as explained above.
atas.
e. Transaksi dan Saldo dalam Mata Uang e. Foreign Currency Transactions and
Asing Balances
Laporan keuangan konsolidasian disajikan The consolidated financial statements are
dalam Dolar AS, yang merupakan mata uang presented in US Dollar, which is the
fungsional Perusahaan dan mata uang Company’s functional currency and the
penyajian Grup. Setiap entitas dalam Grup Group’s presentation currency. Each entity in
menentukan mata uang fungsionalnya sendiri the Group determines its own functional
dan laporan keuangannya diukur currency and their financial statements are
menggunakan mata uang fungsional. measured using that functional currency.
Transaksi dan Saldo Transactions and Balances
Seluruh aset dan liabilitas moneter dalam All monetary assets and liabilities denominated
mata uang selain Dolar AS dijabarkan ke Dolar in currencies other than US Dollar are
AS dengan menggunakan kurs tengah Bank translated to US Dollar at the Bank of
Indonesia yang berlaku pada tanggal Indonesia’s middle exchange rates prevailing
pelaporan. Keuntungan atau kerugian neto on the reporting date. The resulting net foreign
dari selisih kurs dikreditkan atau dibebankan exchange gains or losses are credited or
ke operasi berjalan. charged to current operations.
Grup Perusahaan Group Companies
Untuk tujuan konsolidasi, aset dan liabilitas For consolidation purposes, assets and
entitas anak, yang mempunyai mata uang liabilities of subsidiaries with functional
fungsional selain Dolar AS dijabarkan ke mata currency other than US Dollar are translated
uang penyajian Grup yaitu Dolar AS dengan into the Group presentation currency which is
menggunakan pedoman berikut ini: the US Dollar using the following basis:
(a) Aset dan liabilitas, baik moneter dan non- (a) Assets and liabilities, both monetary and
moneter, dijabarkan dengan menggunakan non-monetary, are translated using the
kurs tukar yang berlaku pada akhir tanggal rates of exchange prevailing at the end of
pelaporan, sedangkan akun-akun ekuitas financial reporting date, while equity
dijabarkan dengan menggunakan kurs accounts are translated using historical
tukar historis; rates of exchange;
(b) Pendapatan dan beban serta arus kas (b) Revenues and expenses and cash flows
dijabarkan dengan menggunakan kurs are translated using average rates of
tukar rata-rata; exchange;
(c) Selisih kurs tukar yang terjadi dikreditkan (c) The resulting foreign exchange differences
atau dibebankan ke akun “Penghasilan arising on translation for consolidation are
Komprehensif Lain - Selisih Kurs karena recognized in “Other Comprehensive
Penjabaran Laporan Keuangan” yang Income - Translation Adjustments”, under
disajikan pada bagian Ekuitas di laporan the Equity section of the consolidated
posisi keuangan konsolidasian, sampai statements of financial position, until the
pelepasan investasi neto yang disposal of the net investment or the
bersangkutan atau kegiatan usaha luar foreign operation.
negeri.
188 PT Medco Energi Internasional Tbk 2023 Annual Report
30
Page 191
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
e. Transaksi dan Saldo dalam Mata Uang e. Foreign Currency Transactions and
Asing (lanjutan) Balances (continued)
Kurs yang digunakan pada tanggal 31 At December 31, 2023 and 2022, the
Desember 2023 dan 2022 atas saldo dalam exchange rates used for significant foreign
mata uang asing yang signifikan adalah currency-denominated balances are as
sebagai berikut: follows:
2023 2022
Rupiah/AS$1 0,000065 0,000064 Rupiah/US$1
Euro/AS$1 1,1118 1,0624 Euro/US$1
Dolar Australia/AS$1 0,6854 0,6726 Australian Dollar/US$1
Dolar Singapura/AS$1 0,7597 0,7412 Singapore Dollar/US$1
Poundsterling Britania Raya/AS$1 1,2818 1,1762 Great Britain Poundsterling/US$1
Thailand Baht/AS$1 0,0293 0,0289 Thailand Baht/US$1
Vietnam Dong/AS$1 0,000041 0,000041 Vietnam Dong/US$1
f. Transaksi-transaksi dengan Pihak-Pihak f. Transactions with Related Parties
Berelasi
Grup mempunyai transaksi dengan pihak The Group has transactions with related
berelasi sebagaimana didefinisikan pada parties as defined in PSAK 7 (since January 1,
PSAK 7 (sejak tanggal 1 Januari 2024 dirujuk 2024 referred to as PSAK 224).
sebagai PSAK 224).
Transaksi ini dilakukan berdasarkan The transactions are made based on terms
persyaratan yang disetujui oleh kedua belah agreed by the parties. Such terms may not be
pihak. Beberapa persyaratan tersebut mungkin the same as those of the transactions between
tidak sama dengan persyaratan yang unrelated parties.
dilakukan dengan pihak-pihak yang tidak
berelasi.
Seluruh transaksi dan saldo dengan pihak- All significant transaction and balances with
pihak berelasi yang signifikan diungkapkan related parties are disclosed in the notes to the
dalam catatan atas laporan keuangan consolidated financial statements.
konsolidasian.
g. Setara Kas dan Kas di Bank dan Deposito g. Cash Equivalents and Restricted Cash in
Berjangka yang Dibatasi Penggunaannya Banks and Time Deposits
Deposito berjangka dan investasi jangka Time deposits and other short-term
pendek lainnya dengan jangka waktu tiga investments with a maturity date of three
bulan atau kurang sejak tanggal penempatan months or less at the time of placement which
yang tidak digunakan sebagai jaminan atau are not used as collateral or are not restricted
dibatasi penggunaannya, diklasifikasikan as to use, are classified as “Cash Equivalents”.
sebagai “Setara Kas”.
2023 Annual Report PT Medco Energi Internasional Tbk 189
31
Page 192
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
g. Setara Kas dan Kas di Bank dan Deposito g. Cash Equivalents and Restricted Cash in
Berjangka yang Dibatasi Penggunaannya Banks and Time Deposits (continued)
(lanjutan)
Deposito dan rekening bank yang dibatasi Restricted time deposits and cash in banks
penggunaannya yang akan digunakan untuk which will be used to pay currently maturing
membayar utang yang jatuh tempo dalam satu obligations is presented under current assets.
tahun disajikan sebagai aset lancar. Rekening Other current accounts and time deposits
bank lainnya dan deposito berjangka yang which are pledged or restricted as to use are
dipakai sebagai agunan atau dibatasi presented under non-current assets.
penggunaannya disajikan sebagai aset tidak
lancar.
h. Persediaan h. Inventories
Persediaan minyak mentah, suku cadang dan Inventories of crude oil, spare parts and
perlengkapan untuk operasi dinyatakan supplies used for operations are stated at cost
sebesar biaya perolehan atau nilai realisasi or net realizable value, whichever is lower.
neto, mana yang lebih rendah. Biaya Cost is determined using the weighted
perolehan ditentukan dengan menggunakan average method or the average method. Net
metode rata-rata tertimbang atau metode rata- realizable value is a reasonable selling price in
rata. Nilai realisasi neto adalah estimasi harga normal process less the estimated costs of
jual yang wajar di dalam proses usaha normal completion and estimated costs necessary to
setelah dikurangi dengan estimasi biaya untuk make the sale. Allowance for decline in value
menyelesaikan dan estimasi biaya and obsolescence of inventories is provided
penjualannya yang diperlukan. Cadangan based on a review of the individual inventory
untuk penurunan nilai keusangan persediaan items at the end of the year.
ditentukan berdasarkan penelaahan terhadap
keadaan masing-masing persediaan pada
akhir tahun.
i. Aset Tetap i. Property, Plant and Equipment
Aset tetap, kecuali tanah, dinyatakan sebesar Property, plant and equipment, except land,
biaya perolehan dikurangi akumulasi are stated at cost less accumulated
penyusutan dan penurunan nilai. Biaya depreciation and impairment losses. Such cost
perolehan aset tetap termasuk biaya includes the cost of replacing part of the
penggantian bagian dari aset tetap pada saat property, plant and equipment when that cost
terjadinya biaya, jika kriteria pengakuannya is incurred, if the recognition criteria are met.
terpenuhi. Demikian pula, ketika pemeriksaan Likewise, when a major inspection is
utama dilakukan, biaya pemeriksaan diakui performed, its cost is recognized in the
sebagai nilai tercatat aset sebagai carrying amount of the property, plant and
penggantian jika kriteria pengakuan terpenuhi. equipment as a replacement if the recognition
Semua biaya perbaikan dan perawatan yang criteria are satisfied. All other repairs and
tidak memenuhi kriteria pengakuan diakui maintenance costs that do not meet the
pada laporan laba rugi pada saat terjadinya. recognition criteria are recognized in profit or
loss as incurred.
190 PT Medco Energi Internasional Tbk 2023 Annual Report
32
Page 193
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
i. Aset Tetap (lanjutan) i. Property, Plant and Equipment (continued)
Penyusutan dihitung dengan menggunakan Depreciation is computed using the straight-
metode garis lurus berdasarkan estimasi masa line method based on the estimated useful
manfaat ekonomis aset tetap sebagai berikut: lives of the property, plant and equipment as
follows:
Tahun/
Years
Bangunan dan prasarana 20 Buildings and improvement
Mesin 8 - 25 Machinery
Peralatan dan perlengkapan pengeboran 8 - 16 Drilling rigs and equipment
Kendaraan bermotor 4 - 10 Vehicles
Leasehold improvements 3-8 Leasehold improvements
Peralatan kantor dan lainnya 3-5 Office and other equipment
Peralatan 4 Tools
Tanah dinyatakan berdasarkan biaya Land is stated at cost and is not depreciated.
perolehan dan tidak disusutkan.
Biaya pengurusan legal hak atas tanah dalam The legal cost of land rights in the form of
bentuk Hak Guna Bangunan (“HGB”) yang Building Usage Rights (“HGB”) incurred when
dikeluarkan ketika tanah diperoleh pertama the land was acquired initially is recognized as
kali diakui sebagai bagian dari biaya perolehan part of the cost of the land under “Property,
tanah pada akun “Aset Tetap” dan tidak Plant and Equipment” account and not
diamortisasi. Sementara biaya pengurusan amortized. Meanwhile the extension or the
perpanjangan atau pembaruan legal hak atas legal renewal costs of land rights are
tanah diakui sebagai aset tak berwujud dan recognized as intangible assets and amortized
diamortisasi sepanjang umur hukum hak atau over the shorter of the rights’ legal life or land’s
umur ekonomis tanah, mana yang lebih economic life.
pendek.
Aset tetap dihentikan pengakuannya dari An item of property, plant and equipment is
laporan posisi keuangan konsolidasian pada derecognized from the consolidated
saat penjualan atau saat tidak ada manfaat statements of financial position upon disposal
masa depan dari penggunaan atau penjualan or when no future economic benefits are
aset tersebut. Segala keuntungan dan expected from its use or disposal. Any gain or
kerugian yang timbul dari penghentian loss arising on derecognition of the asset
pengakuan aset (dihitung sebagai perbedaan (calculated as the difference between the net
hasil penjualan neto dan nilai tercatat dari disposal proceeds and the carrying amount of
aset) diakui dalam laporan laba rugi pada saat the asset) is recognized in profit or loss in the
aset dihentikan pengakuannya. period the asset is derecognized.
Nilai sisa aset, estimasi umur ekonomis dan The assets’ residual values, useful lives and
metode penyusutan ditelaah dan disesuaikan method of depreciation are reviewed and
secara prospektif setiap tanggal pelaporan adjusted prospectively, if appropriate, at each
keuangan, jika memadai. financial reporting date.
Aset tetap dalam pembangunan dinyatakan Construction in progress is stated at cost. The
sebesar biaya perolehan. Akumulasi biaya accumulated costs are reclassified to the
perolehan direklasifikasi ke akun aset tetap appropriate property, plant and equipment
yang bersangkutan pada saat pembangunan account when the construction is substantially
selesai dan aset tersebut telah siap untuk completed and the asset is ready for its
digunakan. intended use.
2023 Annual Report PT Medco Energi Internasional Tbk 191
33
Page 194
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
j. Investasi pada Entitas Asosiasi dan j. Investment in Associates and Joint
Ventura Bersama Ventures
Pertimbangan yang dibuat dalam menentukan The considerations made in determining
pengaruh signifikan adalah serupa dengan significant influence are similar to those
hal-hal yang diperlukan dalam menentukan necessary to determine control over
kendali atas entitas anak. subsidiaries.
Sesuai dengan metode ekuitas, investasi pada Under the equity method, the investment in an
entitas asosiasi dan ventura bersama diakui associate and joint venture is initially
pada awalnya sebesar biaya perolehan. Nilai recognized at cost. The carrying amount of the
tercatat investasi tersebut selanjutnya investment is adjusted to recognize changes in
disesuaikan untuk mengakui perubahan pasca the Group’s share of net assets of the
perolehan dalam bagian Grup atas aset neto associate and joint venture since the
dari entitas asosiasi dan ventura bersama acquisition date. Goodwill relating to the
tersebut sejak tanggal akuisisi. Goodwill associate and joint venture is included in the
sehubungan dengan entitas asosiasi diakui carrying amount of the investment and is
dalam nilai tercatat investasi dan tidak neither amortized nor individually tested for
diamortisasi maupun dilakukan pengujian impairment.
penurunan nilai secara individual.
Laporan laba rugi dan penghasilan The consolidated statements of profit or loss
komprehensif lain konsolidasian and other comprehensive income reflects the
mencerminkan bagian Grup atas hasil operasi Group’s share of the results of operations of
dari entitas asosiasi dan ventura bersama. Bila the associates and joint venture. Any change
terdapat perubahan dalam pendapatan in other comprehensive income (OCI) of those
komprehensif lainnya pada entitas asosiasi investees is presented as part of the Group’s
dan ventura bersama, disajikan sebagai OCI. In addition, when there has been a
pendapatan komprehensif lainnya Grup. Bila change recognized directly in the equity of the
terdapat perubahan yang diakui langsung associate, the Group recognizes its share of
pada ekuitas dari entitas asosiasi, Grup any changes, when applicable, in the
mengakui bagiannya atas perubahan tersebut consolidated statements of changes in equity.
dan mengungkapkan hal ini, jika dapat Unrealized gains and losses resulting from
diterapkan, dalam laporan perubahan ekuitas transactions between the Group and the
konsolidasian. Laba atau rugi yang belum associate and joint venture are eliminated to
direalisasi sebagai hasil dari transaksi antara the extent of the interest in the associate and
Grup dengan entitas asosiasi dan ventura joint venture.
bersama dieliminasi sesuai dengan jumlah
kepentingan Grup dalam entitas asosiasi dan
ventura bersama.
Gabungan bagian Grup atas laba rugi entitas The aggregate of the Group’s share of profit or
asosiasi disajikan pada muka laporan laba rugi loss of an associate is shown on the face of
dan penghasilan komprehensif lain the consolidated statement of profit or loss and
konsolidasian (sebagai laba atau rugi) di luar other comprehensive income (as profit or loss)
laba usaha dan mencerminkan laba atau rugi outside operating profit and represents profit or
setelah pajak dan kepentingan nonpengendali loss after tax and NCI in the subsidiaries of the
pada entitas anak dari entitas asosiasi. associate.
Laporan keuangan entitas asosiasi dan The financial statements of the associate and
ventura bersama disusun untuk periode joint venture are prepared for the same
pelaporan yang sama dengan Grup. Jika reporting period as the Group. When
diperlukan, penyesuaian dilakukan untuk necessary, adjustments are made to bring
menyeragamkan dengan kebijakan akuntansi their accounting policy in line with those of the
Grup. Group.
Setelah penerapan metode ekuitas, Grup After application of the equity method, the
menentukan apakah diperlukan untuk Group determines whether it is necessary to
mengakui rugi penurunan nilai atas investasi recognize an impairment loss on its investment
dalam entitas asosiasi dan ventura bersama. in its associate and joint venture.
192 PT Medco Energi Internasional Tbk 2023 Annual Report
34
Page 195
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
j. Investasi pada Entitas Asosiasi dan j. Investment in Associates and Joint
Ventura Bersama (lanjutan) Ventures (continued)
Grup menentukan pada setiap tanggal At its reporting date, the Group determines
pelaporan apakah terdapat bukti yang objektif whether there is objective evidence that the
yang mengindikasikan bahwa investasi dalam investment in the associate is impaired. If
entitas asosiasi mengalami penurunan nilai. there is such evidence, the Group calculates
Dalam hal terdapat bukti yang objektif, Grup the amount of impairment as the difference
menghitung jumlah penurunan nilai between the recoverable amount of the
berdasarkan selisih antara jumlah terpulihkan associate and joint venture and its carrying
atas investasi dalam entitas asosiasi dan value, and then recognizes the loss as “Share
ventura bersama dan nilai tercatatnya dan of net income (loss) of associates and joint
mengakui kerugian tersebut sebagai “Bagian venture” in the statement of profit or loss.
laba (rugi) dari entitas asosiasi dan ventura
bersama” di dalam laporan laba rugi.
Pada saat kehilangan pengaruh signifikan Upon loss of significant influence over the
terhadap entitas asosiasi dan ventura associate and joint venture, the Group
bersama, Grup mengukur dan menilai measures and recognizes any retained
investasi yang tersisa pada nilai wajarnya. investment at its fair value. Any difference
Selisih yang timbul atas nilai tercatat dengan between the carrying amount of the associate
nilai wajarnya pada saat kehilangan pengaruh upon loss of significant influence or joint
signifikan dan hasil yang diterima pada saat control and the fair value of the retained
pelepasan diakui dalam laporan laba rugi. investment and proceeds from disposal is
recognized in statement of profit or loss.
k. Sewa k. Leases
Grup menilai pada awal kontrak apakah suatu The Group assesses at contract inception
kontrak adalah, atau berisi, sewa. Artinya, jika whether a contract is, or contains, a lease.
kontrak memberikan hak untuk mengendalikan That is, if the contract conveys the right to
penggunaan aset teridentifikasi untuk suatu control the use of an identified asset for a
periode waktu sebagai pertukaran untuk period of time in exchange for consideration.
imbalan.
Grup sebagai Penyewa The Group as Lessee
Grup menerapkan pendekatan pengakuan dan The Group applies a single recognition and
pengukuran tunggal untuk seluruh sewa, measurement approach for all leases, except
kecuali untuk sewa jangka pendek dan sewa for short-term leases and leases of low-value
aset bernilai rendah. Grup mengakui liabilitas assets. The Group recognizes lease liabilities
sewa untuk melakukan pembayaran sewa dan to make lease payments and right-of-use
aset hak-guna yang memberikan hak untuk assets representing the right to use the
menggunakan aset pendasarnya. underlying assets.
Aset hak-guna Right-of-use assets
Grup mengakui aset hak-guna pada tanggal The Group recognizes right-of-use assets at
permulaan sewa (yaitu, pada tanggal aset the commencement date of the lease (i.e., the
pendasar tersedia untuk digunakan). Aset hak- date the underlying asset is available for use).
guna diukur pada biaya perolehan dikurangi Right-of-use assets are measured at cost, less
akumulasi penyusutan dan rugi penurunan any accumulated depreciation and impairment
nilai, dan disesuaikan untuk setiap pengukuran losses, and adjusted for any remeasurement
kembali liabilitas sewa. Biaya perolehan aset of lease liabilities. The cost of right-of-use
hak-guna meliputi jumlah liabilitas sewa yang assets includes the amount of lease liabilities
diakui, biaya langsung awal yang dikeluarkan, recognized, initial direct costs incurred, and
dan pembayaran sewa yang dilakukan pada lease payments made at or before the
atau sebelum tanggal permulaan, dikurangi commencement date less any lease incentives
dengan insentif sewa yang diterima. received.
2023 Annual Report PT Medco Energi Internasional Tbk 193
35
Page 196
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
k. Sewa (lanjutan) k. Leases (continued)
Grup sebagai Penyewa (lanjutan) The Group as Lessee (continued)
Aset hak-guna (lanjutan) Right-of-use assets (continued)
Aset hak-guna didepresiasi dengan metode Right-of-use assets are depreciated on a
garis lurus selama jangka waktu yang lebih straight-line basis over the shorter of the lease
pendek antara masa sewa dan estimasi umur term and the estimated useful lives of the
manfaat aset, sebagai berikut: assets, as follows:
Tahun/
Years
Peralatan 1-6 Equipment
Bangunan dan prasarana 1 - 13 Building and land improvement
Mesin 1-6 Machinery
Kendaraan 1-5 Vehicles
Jika kepemilikan aset sewa beralih kepada If ownership of the leased asset transfers to
Grup pada akhir masa sewa atau biaya the Group at the end of the lease term or the
perolehan merefleksikan penyewa akan cost reflects the exercise of a purchase option,
mengeksekusi opsi beli, depresiasi dihitung depreciation is calculated using the estimated
dengan mengunakan estimasi umur manfaat useful life of the asset. The right-of-use assets
aset. Aset hak-guna juga diuji penurunan are also subject to impairment in accordance
nilainya sesuai dengan PSAK 48 “Penurunan with PSAK 48 “Impairment of Assets” (since
Nilai Aset” (sejak tanggal 1 Januari 2024 January 1, 2024 referred to as PSAK 236).
dirujuk sebagai PSAK 236).
Liabilitas sewa Lease liabilities
Pada tanggal dimulainya sewa, Grup At the commencement date of the lease, the
mengakui liabilitas sewa yang diukur pada Group recognizes lease liabilities measured at
nilai kini pembayaran sewa yang harus the present value of lease payments to be
dilakukan selama masa sewa. Pembayaran made over the lease term. The lease
sewa mencakup pembayaran tetap (termasuk payments include fixed payments (including
pembayaran tetap secara substansi) dikurangi in-substance fixed payments) less any lease
piutang insentif sewa, pembayaran sewa incentives receivable, variable lease payments
variabel yang bergantung pada indeks atau that depend on an index or a rate, and
tarif, dan jumlah yang diharapkan akan amounts expected to be paid under
dibayar dibawah jaminan nilai sisa. guaranteed residual value. The lease
Pembayaran sewa juga mencakup harga payments also include the exercise price of a
pelaksanaan dari opsi pembelian yang secara purchase option reasonably certain to be
wajar pasti akan dilaksanakan oleh Grup dan exercised by the Group and payments of
pembayaran denda untuk penghentian sewa, penalties for terminating the lease, if the lease
jika masa sewa mencerminkan Grup term reflects the Group exercising the option
melaksanakan opsi untuk mengakhiri. to terminate. Variable lease payments that do
Pembayaran sewa variabel yang tidak not depend on an index or a rate are
bergantung pada indeks atau tarif diakui recognized as expenses (unless they are
sebagai beban (kecuali terjadi untuk incurred to produce inventories) in the period
menghasilkan persediaan) pada periode in which the event or condition that triggers
dimana peristiwa atau kondisi yang memicu the payment occurs.
terjadinya pembayaran.
194 PT Medco Energi Internasional Tbk 2023 Annual Report
36
Page 197
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
k. Sewa (lanjutan) k. Leases (continued)
Grup sebagai Penyewa (lanjutan) The Group as Lessee (continued)
Liabilitas sewa (lanjutan) Lease liabilities (continued)
Dalam menghitung nilai kini pembayaran In calculating the present value of lease
sewa, Grup menggunakan suku bunga payments, the Group uses its incremental
pinjaman inkremental pada tanggal dimulainya borrowing rate at the lease commencement
sewa karena tingkat bunga implisit dalam date because the interest rate implicit in the
sewa tidak dapat segera ditentukan. Setelah lease is not readily determinable. After the
tanggal permulaan, jumlah liabilitas sewa commencement date, the amount of lease
ditingkatkan untuk mencerminkan liabilities is increased to reflect the accretion of
penambahan bunga dan dikurangi untuk interest and reduced for the lease payments
pembayaran sewa yang dilakukan. Selain itu, made. In addition, the carrying amount of
nilai tercatat liabilitas sewa diukur kembali jika lease liabilities is remeasured if there is a
ada modifikasi, perubahan jangka waktu sewa, modification, a change in the lease term, a
perubahan pembayaran sewa (misalnya, change in the lease payments (e.g., changes
perubahan pembayaran masa depan akibat to future payments resulting from a change in
perubahan indeks atau kurs yang digunakan an index or rate used to determine such lease
untuk pembayaran sewa) atau perubahan payments) or a change in the assessment of
penilaian opsi untuk membeli aset yang an option to purchase the underlying asset.
mendasarinya.
Sewa jangka-pendek dan sewa aset bernilai- Short-term leases and leases of low-value
rendah assets.
Grup memilih untuk tidak mengakui aset hak- The Group has elected not to recognize right-
guna dan liabilitas sewa untuk sewa jangka- of-use assets and lease liabilities for short-
pendek yang memiliki masa sewa 12 bulan term leases that have a lease term of 12
atau kurang dan sewa atas aset bernilai- months or less and leases of low-value assets.
rendah. Grup mengakui pembayaran sewa The Group recognizes the lease payments
terkait dengan sewa ini sebagai beban dengan associated with these leases as expense on a
dasar garis lurus selama masa sewa. straight-line basis over the lease term.
Sewa pada operasi bersama Lease in joint operations
Pada saat Grup, dalam kapasitasnya sebagai When the Group, in its capacity as operator,
operator, menandatangani perjanjian sewa has entered into a lease contract on behalf of
atas nama mitra operasi bersama, liabilitas a joint operation partner, as lease liability is
sewa diakui pada jumlah di mana Grup recognized to the extent that the Group has
memiliki tanggung jawab utama atas liabilitas primary responsibility for the lease liability. A
sewa. Piutang sewa pembiayaan diakui jika finance sub-lease is recognized if the related
aset hak guna terkait tersebut disubsewa right-of-use assets is subleased to the joint
kepada mitra operasi bersama. Ini terutama operation partner. This is usually the case
pada saat mitra operasi bersama memiliki hak when the joint operation partner has the right
untuk mengendalikan penggunaan aset to direct the use of the assets. Judgement is
tersebut. Pertimbangan dibutuhkan untuk required to determine the entity rights and
menentukan hak dan kewajiban entitas atas obligations for lease contracts within joint
kontrak sewa dengan operasi bersama. Hal ini operations. This includes the evaluation of
termasuk evaluasi atas apakah perjanjian whether the lease arrangement contains a
sewa dalam operasi bersama tersebut sublease within the joint operation.
mengandung subsewa.
2023 Annual Report PT Medco Energi Internasional Tbk 195
37
Page 198
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
k. Sewa (lanjutan) k. Leases (continued)
Grup sebagai Pesewa The Group as Lessor
Metode untuk mengalokasikan penerimaan The method for allocating gross earnings to
kotor ke periode akuntansi disebut sebagai accounting periods is referred to as the
“metode aktuarial”. Metode aktuarial “actuarial method”. The actuarial method
mengalokasikan sewa antara pendapatan allocates rentals between finance income and
keuangan dan pembayaran kembali dari repayment of capital in each accounting period
modal di setiap periode akuntansi di mana in such a way that finance income will emerge
pendapatan keuangan akan muncul sebagai as a constant rate of return on the lessors net
tingkat imbal balik tetap pada investasi bersih investment in the lease.
penyewa di dalam suatu sewa.
Pendapatan dari penyerahan tenaga listrik Revenue from delivery of electric power to the
kepada pelanggan sejauh komponen investasi customer to the extent of the investment
dari transaksi pendapatan diperhitungkan component of the revenue transaction is
sebagai transaksi sewa pembiayaan dimana accounted for as finance lease transaction
Grup adalah pesewa. whereby the Group are the lessors.
l. Aset Konsesi l. Concession Financial Assets
Karena Kontrak Pengendalian Bersama Since the Joint Operation Contract (“JOC”)
(“KPB”) dan Kontrak Penjualan Energi (“ESC”) and Energy Sales Contract (“ESC”) have
mempunyai ciri umum perjanjian jasa dan common features of a concession
infrastruktur yang timbul dari kontrak tersebut arrangement and the infrastructure arising
dikendalikan oleh pemberi konsesi, kontrak from those contracts is controlled by the
tersebut dianggap sebagai perjanjian konsesi grantor, those contracts are considered
jasa. ESC memberikan jaminan ambil atau service concession arrangements. The ESC
bayar yang berarti bahwa operator memiliki provides take or pay guarantees which means
hak tak bersyarat untuk menerima kas atau the operator has an unconditional right to
aset keuangan lainnya dari pemberi konsesi. receive cash or another financial asset from
Oleh karena itu, GKPB menerapkan model the grantor. As such, the JOCG applies the
aset keuangan untuk perjanjian konsesi financial asset model for its service concession
jasanya. arrangement.
m. Aset Minyak dan Gas Bumi m. Oil and Gas Properties
Aset minyak dan gas bumi disajikan sebagai Oil and gas properties are stated at cost, less
biaya perolehan, dikurangi akumulasi deplesi/ accumulated depletion/depreciation and
depresiasi dan akumulasi kerugian penurunan accumulated impairment losses.
nilai.
Biaya awal aset terdiri dari harga beli atau The initial cost of an asset comprises its
biaya konstruksi (jika sebelumnya aset purchase price or construction cost (if the
diklasifikasikan sebagai aset dalam asset was previously classified as assets in
pengembangan), biaya-biaya yang terkait development), any costs directly attributable to
untuk mengoperasikan aset, estimasi awal bringing the asset into operation, the initial
kewajiban penghentian aset dan, untuk aset estimate of the decommissioning obligation
yang memenuhi (yang relevan), biaya and, for qualifying assets (where relevant),
pinjaman. Harga beli atau biaya konstruksi borrowing costs. The purchase price or
adalah jumlah keseluruhan yang dibayarkan construction cost is the aggregate amount paid
dan nilai wajar atau pertimbangan lain and the fair value of any other consideration
terhadap aset yang diperoleh. given to acquire the asset.
196 PT Medco Energi Internasional Tbk 2023 Annual Report
38
Page 199
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
m. Aset Minyak dan Gas Bumi (lanjutan) m. Oil and Gas Properties (continued)
Biaya pengeboran sumur pengembangan dan The costs of drilling of development wells and
sumur tes stratigrafi tahap pengembangan, development-type stratigraphic test wells,
platform, perlengkapan sumur dan fasilitas platforms, well equipment and related
produksi terkait, dikapitalisasi sebagai aset production facilities, are capitalized as
sumur, perlengkapan dan fasilitas dalam uncompleted wells, equipment and facilities.
pengerjaan. Biaya tersebut dipindahkan ke Such costs are transferred to wells and related
aset sumur, perlengkapan dan fasilitas terkait equipment and facilities upon completion.
pada saat pengeboran atau konstruksi selesai.
Penyusutan, deplesi dan amortisasi atas aset Depreciation, depletion and amortization of oil
minyak dan gas bumi, kecuali untuk aset and gas properties, except uncompleted wells,
sumur, perlengkapan dan fasilitas dalam equipment and facilities, are calculated based
pengerjaan, dihitung dengan menggunakan on the unit-of-production method, using the
metode satuan unit produksi, dengan gross production divided by gross proved and
menggunakan produksi kotor yang dibagi developed reserves for wells and divided by
dengan cadangan kotor yang terbukti dan gross proved and developed and gross proved
telah dikembangkan untuk aset sumur dan and undeveloped reserves for facilities.
dibagi dengan cadangan kotor yang terbukti Depreciation for support asset facilities and
dan telah dikembangkan dan terbukti dan equipment is calculated using straight-line
belum dikembangkan untuk aset fasilitas. method over 4 to 20 years.
Penyusutan atas fasilitas pendukung dan
peralatan dihitung dengan menggunakan
metode garis lurus selama 4 sampai dengan
20 tahun.
Entitas anak yang bergerak di bidang The subsidiaries engaged in exploration and
eksplorasi dan produksi minyak dan gas bumi production of oil and gas have no legal
tidak mempunyai kepemilikan secara hukum ownership in the producing assets and oil and
atas aset produksi maupun atas cadangan gas reserves, but rather have the right to
minyak dan gas bumi, tetapi mempunyai hak operate the assets and receive a share of
untuk mengoperasikan aset tersebut dan production and/or revenues from the sale of oil
menerima bagian dari produksi dan/atau and gas in accordance with the respective
pendapatan dari penjualan minyak dan gas contracts.
bumi sesuai dengan kontrak yang berlaku.
n. Aset Eksplorasi dan Evaluasi n. Exploration and Evaluation Assets
Beban eksplorasi dan evaluasi termasuk biaya Exploration and evaluation expenditures
geologi dan geofisika, biaya pengeboran including geological and geophysical costs,
sumur eksplorasi termasuk biaya pengeboran costs of drilling exploratory wells, including the
sumur tes stratigrafi tahap eksplorasi, dan costs of drilling exploratory-type stratigraphic
biaya lainnya yang terkait untuk mengevaluasi test wells, and other costs in relation to
kelayakan teknis dan komersialitas dari evaluating the technical feasibility and
minyak dan gas yang diekstraksi dikapitalisasi commercial viability of extracting oil and gas
dan disajikan terpisah sebagai Aset Eksplorasi are capitalized and presented separately as
dan Evaluasi di laporan posisi keuangan Exploration and Evaluation Assets in the
konsolidasian. consolidated statements of financial position.
Jika tidak ditemukan potensi cadangan yang If no potentially commercial hydrocarbons are
secara ekonomis dapat diperoleh, aset discovered, the exploration asset is written off
eksplorasi dan evaluasi dihapus melalui laba through profit or loss as a dry hole. If
rugi sebagai sumur kering. Jika cadangan extractable hydrocarbons are found and
terbukti ditemukan dan layak dikembangkan subject to further appraisal activity, it is
tergantung pada aktivitas penilaian lebih lanjut, probable that they can be commercially
pengeluaran disajikan sebagai aset eksplorasi developed, the costs continue to be carried as
dan evaluasi pada saat kegiatan mengevaluasi an exploration and evaluation asset while
kelayakan tersebut sedang berlangsung. progress is made in assessing the
commerciality of the hydrocarbons.
2023 Annual Report PT Medco Energi Internasional Tbk 197
39
Page 200
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
n. Aset Eksplorasi dan Evaluasi (lanjutan) n. Exploration and Evaluation Assets
(continued)
Pemulihan aset eksplorasi dan evaluasi The recoverability of exploration and
tergantung pada keberhasilan pengembangan evaluation assets depends on the successful
dan eksploitasi komersial daerah development and commercial exploitation in
pengembangan (area of interest) tersebut. such area (area of interest). Exploration and
Aset eksplorasi dan evaluasi diuji untuk evaluation assets are tested for impairment if
penurunan nilai bila fakta dan kondisi certain facts and circumstances indicate that
mengindikasikan bahwa jumlah tercatatnya the carrying amount of the assets may exceed
mungkin melebihi jumlah terpulihkannya. the recoverable value. In such conditions, the
Dalam keadaan tersebut, maka entitas harus entity must measure, present and disclose the
mengukur, menyajikan dan mengungkapkan impairment loss as required under PSAK 48
rugi penurunan nilai terkait sesuai dengan (since January 1, 2024 referred to as PSAK
PSAK 48 (sejak tanggal 1 Januari 2024 dirujuk 236).
sebagai PSAK 236).
Aset eksplorasi dan evaluasi ditransfer ke The exploration and evaluation assets are
“Aset minyak dan gas bumi” pada akun “Aset transferred to “Oil and gas properties” in the
minyak dan gas bumi” setelah ditetapkan “Oil and gas properties” account after the well
bahwa sumur memiliki nilai ekonomis untuk area is determined to have commercial
dikembangkan. reserves for further development.
o. Saham Treasuri o. Treasury Stock
Perolehan kembali modal saham sebagai Reacquisition of capital stock to be held as
saham treasuri yang akan diterbitkan kembali treasury stock for future reissuance is
di masa yang akan datang dicatat dengan recorded by using par value method. Under
menggunakan metode nilai nominal. this method, the par value of treasury stock is
Berdasarkan metode ini, nilai nominal saham presented as a reduction from the capital stock
treasuri disajikan sebagai pengurang akun account. If the treasury stock had been
modal saham. Apabila saham treasuri tersebut originally issued at a price above par value,
semula diterbitkan dengan harga di atas nilai the related additional paid-in capital account is
nominal, akun tambahan modal disetor terkait adjusted. Any excess of the reacquisition cost
akan disesuaikan. Selisih lebih harga over the original issuance price is adjusted to
perolehan kembali atas harga penerbitan awal retained earnings.
disesuaikan ke saldo laba.
p. Biaya Emisi Efek Ekuitas p. Stock Issuance Cost
Biaya emisi efek ekuitas disajikan sebagai Stock issuance costs are presented as
pengurang “Tambahan Modal Disetor” sebagai deduction from “Additional Paid-in Capital” in
bagian dari ekuitas pada laporan posisi the equity section in the consolidated
keuangan konsolidasian. statements of financial position.
q. Program Pensiun dan Imbalan Kerja q. Pension and Other Employment Benefits
Lainnya
Grup menyelenggarakan program pensiun dan The Group provided the following pension and
imbalan kerja lainnya berikut untuk karyawan other employment benefits for permanent
tetap dan/atau karyawan tertentu: employees and/or specific employees:
• Program pensiun iuran pasti pada • Defined contribution pension plan for
Perusahaan dan entitas anak yang employees of the Company and
bergerak di bidang minyak dan gas bumi; subsidiaries in oil and gas operations;
• Program pensiun imbalan pasti pada • Defined benefit pension plan for employees
entitas anak yang bergerak di bidang of subsidiaries in oil and gas operations;
minyak dan gas bumi;
198 PT Medco Energi Internasional Tbk 2023 Annual Report
40
Page 201
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
q. Program Pensiun dan Imbalan Kerja q. Pension and Other Employment Benefits
Lainnya (lanjutan) (continued)
• Imbalan pasca-kerja sesuai dengan • Post-employment benefits in accordance
Undang-Undang Tenaga Kerja; dan with the requirements of Labor Law; and
• Penghargaan Jubilee setelah beberapa • Jubilee awards upon completion of a
tahun masa kerja. certain number of years of services.
Grup juga menyediakan imbalan pasca-kerja In addition, the Group also provided the post-
untuk personil manajemen utama sesuai employment benefits for its key management
dengan kebijakan Grup. personnel in accordance with the Group policy.
Program Imbalan Pasti Defined Benefit Program
Beban atas pemberian imbalan dalam The cost of providing benefits under the
program imbalan manfaat pasti ditentukan defined benefits plan is determined using the
dengan metode Projected Unit Credit dengan Projected Unit Credit method with actuarial
penilaian aktuaria yang dilakukan pada setiap valuations being carried out at the end of each
akhir periode pelaporan tahunan. annual reporting period.
Grup mengakui perubahan atas liabilitas The Group recognizes the following changes
imbalan pasti neto berikut pada biaya produksi in the net defined benefit obligation under
dan lifting dan beban penjualan, umum dan production and lifting cost and selling, general
administrasi pada laporan laba rugi dan and administrative expenses in the
penghasilan komprehensif lain konsolidasian: consolidated statements of profit or loss and
other comprehensive income:
• Biaya jasa yang terdiri dari biaya jasa kini, • Service costs comprise current service
biaya jasa lalu dan keuntungan dan costs, past-service costs and gains and
kerugian atas kurtailmen. losses on curtailments.
• Beban atau pendapatan bunga neto. • Net interest expense or income.
Kurtailmen terjadi apabila Grup mengurangi A curtailment occurs when the Group either
secara signifikan jumlah pekerja yang significantly reduce the number of employees
ditanggung oleh program, terminasi atau covered by a plan, termination or suspension
penghentian program. of the program.
Program Pensiun Iuran Pasti Defined Contribution Program
Biaya atas program pensiun iuran pasti The costs of the defined contribution plans are
tersebut diakui pada saat terjadinya. recognized when incurred.
Imbalan Jangka Panjang Lainnya Other Long-Term Benefits
Beban imbalan jangka panjang lainnya The cost of providing other long-term
ditentukan dengan metode Projected Unit employee benefits is determined using the
Credit dengan metode yang disederhanakan di Projected Unit Credit method using simplified
mana metode ini tidak mengakui pengukuran method of not recognizing remeasurements in
kembali dalam penghasilan komprehensif lain. other comprehensive income. The net total of
Total nilai neto dari biaya jasa kini, biaya service cost, net interest on the net defined
bunga neto atas liabilitas (aset) imbalan pasti benefit liability (asset) and remeasurements of
neto dan pengukuran kembali liabilitas (aset) the net defined benefit liability (asset) is
imbalan pasti neto diakui pada laba rugi. recognized in profit or loss.
2023 Annual Report PT Medco Energi Internasional Tbk 199
41
Page 202
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
r. Liabilitas Pembongkaran Aset Restorasi r. Asset Abandonment and Site Restoration
Area Obligations
Grup mengakui liabilitas pembongkaran dan The Group recognizes its obligations for future
pemindahan aset, dan restorasi area atas dismantlement and transfer of assets, and site
fasilitas produksi minyak dan gas bumi, sumur, restoration of oil and gas production facilities,
pipa dan aset-aset yang terkait sesuai dengan wells, pipelines and related assets in
persyaratan dalam kontrak bagi hasil atau accordance with the provisions in the
sesuai dengan peraturan yang berlaku. production sharing contracts or in line with
applicable regulations.
Estimasi awal biaya pembongkaran dan The initial estimated costs for dismantlement
pemindahan aset minyak dan gas bumi dan and site restoration of oil and gas properties
restorasi area diakui sebagai komponen biaya are recognized as part of the acquisition costs
perolehan aset, yang kemudian disusutkan/ of the assets, and are subsequently
dideplesikan dengan menggunakan metode depreciated/depleted using the unit-of-
satuan unit produksi yang sejalan dengan tarif production method in line with the selected
deplesi aset yang dipilih. assets depletion rate.
Dalam banyak kasus, aktivitas pembongkaran In most instances, the dismantlement and
dan pemindahan aset, dan restorasi area transfer of assets, and site restoration
fasilitas produksi minyak dan gas, sumur, pipa activities of oil and gas production facilities,
saluran dan aset terkait terjadi pada beberapa wells, pipelines and related assets will occur
tahun di masa yang akan datang. Provisi atas several years in the future. The provision for
liabilitas pembongkaran dan pemindahan aset, future dismantlement and transfer of assets,
dan restorasi area di masa yang akan datang and site restoration obligations is the best
adalah berupa estimasi terbaik pada tanggal estimate of the present value of the future
pelaporan keuangan atas nilai kini dari expenditures required to undertake the
pengeluaran di masa yang akan datang untuk dismantlement and transfer of assets, and site
melaksanakan liabilitas pembongkaran dan restoration obligations at the reporting date,
pemindahan aset, dan restorasi area tersebut, based on current legal requirements.
sesuai dengan ketentuan hukum yang berlaku
pada tanggal pelaporan.
Estimasi tersebut ditelaah setiap tahun dan Such estimates are reviewed on an annual
disesuaikan bila diperlukan. Penyesuaian atas basis and adjusted each year as required.
nilai kini dari liabilitas pembongkaran dan Adjustments to the present value of the
pemindahan aset, dan restorasi area dismantlement and transfer of assets, and site
dibukukan sebagai penyesuaian atas nilai restoration obligations are recorded as
tercatat aset yang bersangkutan dengan adjustment to the carrying amount of the
jumlah yang sama. Jika penurunan liabilitas associated asset in the same amount. If a
melebihi nilai tercatat aset, maka kelebihan decrease in the liability exceeds the carrying
tersebut diakui segera dalam laba rugi. amount of the asset, the excess shall be
recognised immediately in profit or loss.
Pembalikan dari efek diskonto dalam The unwinding of the effect of discounting the
penghitungan provisi diakui sebagai beban provision is recognized as a finance cost.
pendanaan.
Pengeluaran yang terkait dengan pemulihan, The costs related to restoration, rehabilitation
rehabilitasi dan lingkungan hidup yang terjadi and living environment which occurred in the
pada tahap produksi dibebankan sebagai production phase are expensed as part of
bagian dari biaya produksi. production cost.
200 PT Medco Energi Internasional Tbk 2023 Annual Report
42
Page 203
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
s. Instrumen Keuangan s. Financial Instruments
Instrumen keuangan adalah setiap kontrak A financial instrument is any contract that
yang memberikan aset keuangan bagi satu gives rise to a financial asset of one entity and
entitas dan liabilitas keuangan atau ekuitas a financial liability or equity instrument of
bagi entitas lain. another entity.
i. Aset Keuangan i. Financial Assets
Pengakuan dan Pengukuran Awal Initial Recognition and Measurement
Aset keuangan diklasifikasikan, pada Financial assets are classified, at initial
saat pengakuan awal, yang selanjutnya recognition, as subsequently measured
diukur pada biaya perolehan at amortized cost, fair value through other
diamortisasi, nilai wajar melalui comprehensive income (OCI), and fair
penghasilan komprehensif lain (OCI) dan value through profit or loss.
nilai wajar melalui laba rugi.
Klasifikasi aset keuangan pada The classification of financial assets at
pengakuan awal tergantung pada initial recognition depends on the
karakteristik arus kas kontraktual aset financial asset’s contractual cash flow
keuangan dan model bisnis Grup untuk characteristics and the Group’s business
mengelolanya. Dengan pengecualian model for managing them. With the
piutang usaha yang tidak mengandung exception of trade receivables that do not
komponen pembiayaan yang signifikan contain a significant financing component
atau yang mana Grup telah menerapkan or for which the Group has applied the
panduan praktisnya, Grup pada awalnya practical expedient, the Group initially
mengukur aset keuangan pada nilai measures a financial asset at its fair
wajarnya ditambah, dalam hal aset value plus, in the case of a financial asset
keuangan tidak diukur pada nilai wajar not at fair value through profit or loss,
melalui laba rugi, biaya transaksi. Piutang transaction costs. Trade receivables that
usaha yang tidak mengandung do not contain a significant financing
komponen pembiayaan yang signifikan component or for which the Group has
atau yang mana Grup telah menerapkan applied the practical expedient are
panduan praktis diukur pada harga measured at the transaction price
transaksi yang ditentukan berdasarkan determined under PSAK 72 (since
PSAK 72 (sejak tanggal 1 Januari 2024 January 1, 2024 referred to as PSAK
dirujuk sebagai PSAK 115). 115).
Agar aset keuangan dapat In order for a financial asset to be
diklasifikasikan dan diukur pada biaya classified and measured at amortized
perolehan diamortisasi atau nilai wajar cost or fair value through OCI, it needs to
melalui OCI, aset keuangan tersebut give rise to cash flows that are ‘solely
perlu menghasilkan arus kas yang payments of principal and interest
‘semata dari pembayaran pokok dan (“SPPI”)’ on the principal amount
bunga (“SPPI”)’ dari jumlah pokok outstanding. This assessment is referred
terutang. Penilaian ini disebut sebagai to as the SPPI test and is performed at
pengujian SPPI dan dilakukan pada an instrument level. Financial assets with
tingkat instrumen. Aset keuangan dengan cash flows that are not SPPI are
arus kas yang bukan SPPI classified and measured at fair value
diklasifikasikan dan diukur pada nilai through profit or loss, irrespective of the
wajar melalui laba rugi, terlepas dari business model.
model bisnisnya.
2023 Annual Report PT Medco Energi Internasional Tbk 201
43
Page 204
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
s. Instrumen Keuangan (lanjutan) s. Financial Instruments (continued)
i. Aset Keuangan (lanjutan) i. Financial Assets (continued)
Pengakuan dan Pengukuran Awal Initial Recognition and Measurement
(lanjutan) (continued)
Pembelian atau penjualan aset keuangan Purchases or sales of financial assets
yang mensyaratkan penyerahan aset that require delivery of assets within a
dalam kurun waktu yang ditetapkan oleh time frame established by regulation or
peraturan atau kebiasaan yang berlaku di convention in the marketplace (regular
pasar (pembelian yang lazim/regular) way trades) are recognized on the trade
diakui pada tanggal perdagangan, yaitu date, i.e., the date that the Group
tanggal Grup berkomitmen untuk commits to purchase or sell the assets.
membeli atau menjual aset tersebut.
Aset keuangan Grup diklasifikasikan The Group’s financial assets are
sebagai berikut: classified as follows:
PSAK 71
(Sejak tanggal 1 Januari 2024 dirujuk
sebagai PSAK 109 / since January 1, 2024
referred to as PSAK 109)
Kas dan setara kas Aset keuangan yang diukur pada biaya Cash and cash equivalents
perolehan diamortisasi/
Financial assets measured at amortized cost
Deposito dan rekening bank Aset keuangan yang diukur pada biaya Restricted time deposits and
yang dibatasi penggunaannya perolehan diamortisasi/ cash in banks
Financial assets measured at amortized cost
Piutang usaha dan lain-lain Aset keuangan yang diukur pada biaya Trade and other receivables
perolehan diamortisasi/
Financial assets measured at amortized cost
Asset keuangan konsesi Aset keuangan yang diukur pada biaya Concession financial assets
perolehan diamortisasi/
Financial assets measured at amortized cost
Uang jaminan Aset keuangan yang diukur pada biaya Security deposits
perolehan diamortisasi/
Financial assets measured at amortized cost
Investasi jangka pendek Aset keuangan yang diukur pada nilai wajar Short-term investments
melalui laba rugi/
Financial assets measured at fair value through
profit or loss
Investasi jangka panjang Aset keuangan yang diukur pada nilai wajar Long-term investments (FVTPL)
(FVTPL) melalui laba rugi/
Financial assets measured at fair value through
profit or loss
Investasi jangka panjang Aset keuangan yang diukur pada nilai wajar Long-term investments
(FVTOCI) melalui penghasilan komprehensif lain/ (FVTOCI)_
Financial assets at fair value through OCI
Aset derivatif Aset keuangan yang diukur pada nilai wajar Derivative assets
melalui laba rugi/
Financial assets measured at fair value through
profit or loss
202 PT Medco Energi Internasional Tbk 2023 Annual Report
44
Page 205
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
s. Instrumen Keuangan (lanjutan) s. Financial Instruments (continued)
i. Aset Keuangan (lanjutan) i. Financial Assets (continued)
Pengukuran Setelah Pengakuan Awal Subsequent Measurement
Untuk tujuan pengukuran selanjutnya, For purposes of subsequent
aset keuangan diklasifikasikan dalam measurement, financial assets are
empat kategori: classified in four categories:
• Aset keuangan pada biaya perolehan • Financial assets at amortized cost
diamortisasi (instrumen utang); (debt instruments);
• Aset keuangan pada nilai wajar • Financial assets at fair value through
melalui OCI tanpa pendauran laba OCI with no recycling of cumulative
rugi kumulatif setelah penghentian gain or losses upon derecognition
pengakuan (instrumen ekuitas); (equity instrument);
• Aset keuangan pada nilai wajar • Financial assets at fair value through
melalui OCI dengan pendauran laba OCI with recycling of cumulative
rugi kumulatif (instrumen utang); gains and losses (debt instruments);
• Aset keuangan pada nilai wajar • Financial assets at fair value through
melalui laba rugi profit or loss
Aset keuangan pada biaya perolehan Financial assets at amortized cost
diamortisasi (instrumen utang) (debt instruments)
Aset keuangan pada biaya perolehan Financial assets at amortized cost are
diamortisasi selanjutnya diukur dengan subsequently measured using the
menggunakan metode suku bunga efektif effective interest rate (“EIR”) method and
(“SBE”) dan diuji penurunan nilainya. are subject to impairment. Gains and
Keuntungan dan kerugian diakui dalam losses are recognized in profit or loss
laba rugi pada saat aset keuangan when the financial asset is derecognized,
dihentikan pengakuannya, dimodifikasi modified or impaired.
atau mengalami penurunan nilai.
Aset keuangan yang ditetapkan pada Financial assets designated at fair
nilai wajar melalui OCI (instrumen value through OCI (equity
ekuitas) (FVTOCI) instruments) (FVTOCI)
Setelah pengakuan awal, Grup dapat Upon initial recognition, the Group can
membuat pilihan yang tidak dapat elect to classify irrevocably its equity
dibatalkan untuk mengklasifikasikan investments as equity instruments
investasi ekuitasnya sebagai instrumen designated at fair value through OCI
ekuitas yang ditetapkan pada nilai wajar when they meet the definition of equity
melalui OCI jika definisi ekuitas under PSAK 50: Financial Instruments:
berdasarkan PSAK 50: Instrumen Presentation, and are not held for trading
Keuangan: Penyajian, dipenuhi dan tidak (since January 1, 2024 referred to as
dimiliki untuk diperdagangkan (sejak PSAK 232). The classification is
tanggal 1 Januari 2024 dirujuk sebagai determined on an instrument-by-
PSAK 232). Klasifikasi ditentukan instrument basis.
berdasarkan instrumen per instrumen.
2023 Annual Report PT Medco Energi Internasional Tbk 203
45
Page 206
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
s. Instrumen Keuangan (lanjutan) s. Financial Instruments (continued)
i. Aset Keuangan (lanjutan) i. Financial Assets (continued)
Pengukuran Setelah Pengakuan Awal Subsequent Measurement (continued)
(lanjutan)
Aset keuangan yang ditetapkan pada Financial assets designated at fair
nilai wajar melalui OCI (instrumen value through OCI (equity
ekuitas) (FVTOCI) (lanjutan) instruments) (FVTOCI) (continued)
Keuntungan dan kerugian dari aset Gains and losses on these financial
keuangan ini tidak pernah didaur ulang assets are never recycled to profit or
ke laba rugi. Dividen diakui sebagai loss. Dividends are recognized as other
pendapatan lain-lain dalam laporan laba income in the statement of profit or loss
rugi pada saat hak pembayaran telah when the right of payment has been
ditetapkan, kecuali jika Grup established, except when the Group
mendapatkan manfaat dari hasil tersebut benefits from such proceeds as a
sebagai pemulihan sebagian biaya recovery of part of the cost of the
perolehan aset keuangan, dalam hal ini, financial asset, in which case, such gains
keuntungan tersebut akan dicatat di OCI. are recorded in OCI. Equity instruments
Instrumen ekuitas yang ditetapkan pada designated at fair value through OCI are
nilai wajar melalui OCI tidak tunduk pada not subject to impairment assessment.
evaluasi penurunan nilai.
Grup membuat pilihan yang tidak dapat The Group elected to classify irrevocably
dibatalkan untuk mengklasifikasikan its non-listed equity investments under
investasi ekuitas yang tidak this category.
diperdagangkan tertentu dalam kategori
ini.
Aset keuangan pada nilai wajar Financial assets at fair value through
melalui laba rugi (FVTPL) profit or loss (FVTPL)
Aset keuangan pada nilai wajar melalui Financial assets at fair value through
laba rugi termasuk aset keuangan yang profit or loss include financial assets held
dimiliki untuk diperdagangkan, aset for trading, financial assets designated
keuangan yang ditetapkan pada upon initial recognition at fair value
pengakuan awal pada nilai wajar melalui through profit or loss, or financial assets
laba rugi, atau aset keuangan yang wajib mandatorily required to be measured at
diukur pada nilai wajar. Aset keuangan fair value. Financial assets are classified
diklasifikasikan sebagai kelompok as held for trading if they are acquired for
diperdagangkan jika mereka diperoleh the purpose of selling or repurchasing in
untuk tujuan dijual atau dibeli kembali the near term. Derivatives, including
dalam waktu dekat. Derivatif, termasuk separated embedded derivatives, are
derivatif melekat yang dipisahkan, juga also classified as held for trading unless
diklasifikasikan sebagai dimiliki untuk they are designated as effective hedging
diperdagangkan kecuali jika ditetapkan instruments.
sebagai instrumen lindung nilai yang
efektif.
Aset keuangan yang diukur pada nilai Financial assets at fair value through
wajar melalui laba rugi dicatat dalam profit or loss are carried in the
laporan posisi keuangan konsolidasian consolidated statement of financial
pada nilai wajar dengan perubahan nilai position at fair value with net changes in
wajar neto diakui dalam laporan laba rugi fair value recognized in profit or loss.
dan penghasilan komprehensif lain
konsolidasian.
204 PT Medco Energi Internasional Tbk 2023 Annual Report
46
Page 207
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
s. Instrumen Keuangan (lanjutan) s. Financial Instruments (continued)
i. Aset Keuangan (lanjutan) i. Financial Assets (continued)
Pengukuran Setelah Pengakuan Awal Subsequent Measurement (continued)
(lanjutan)
Aset keuangan pada nilai wajar Financial assets at fair value through
melalui laba rugi (FVTPL) (lanjutan) profit or loss (FVTPL) (continued)
Kategori ini mencakup investasi jangka This category includes short-term
pendek dan investasi ekuitas yang tidak investments and non-listed equity
diperdagangkan di mana Grup tidak investments which the Group had not
membuat pilihan yang tidak dapat irrevocably elected to classify at fair value
dibatalkan untuk diklasifikasikan pada through OCI. Dividends on listed equity
nilai wajar melalui OCI. Dividen atas investments are also recognized as other
investasi ekuitas Perusahaan tercatat income in the profit or loss when the right
juga diakui sebagai pendapatan lain-lain of payment has been established.
dalam laba rugi pada saat hak
pembayaran telah ditetapkan.
Derivatif yang melekat dalam kontrak A derivative embedded in a hybrid
hibrida, dengan liabilitas keuangan atau contract, with a financial liability or non-
kontrak utama non-keuangan, dipisahkan financial host, is separated from the host
dari host dan dicatat sebagai derivatif and accounted for as a separate
terpisah jika: karakteristik dan risiko derivative if: the economic characteristics
ekonomi tidak terkait erat dengan kontrak and risks are not closely related to the
utama; instrumen terpisah dengan host; a separate instrument with the
persyaratan yang sama seperti derivatif same terms as the embedded derivative
melekat akan memenuhi definisi derivatif; would meet the definition of a derivative;
dan kontrak hibrida tidak diukur pada nilai and the hybrid contract is not measured
wajar melalui laba rugi. at fair value through profit or loss.
Derivatif melekat diukur pada nilai wajar Embedded derivatives are measured at
dengan perubahan nilai wajar diakui fair value with changes in fair value
dalam laba rugi. Penilaian ulang hanya recognized in profit or loss.
terjadi jika terdapat perubahan dalam Reassessment only occurs if there is
persyaratan kontrak yang secara either a change in the terms of the
signifikan mengubah arus kas yang contract that significantly modifies the
seharusnya diperlukan atau reklasifikasi cash flows that would otherwise be
aset keuangan keluar dari kategori nilai required or a reclassification of a financial
wajar melalui laba rugi. asset out of the fair value through profit
or loss category.
2023 Annual Report PT Medco Energi Internasional Tbk 205
47
Page 208
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
s. Instrumen Keuangan (lanjutan) s. Financial Instruments (continued)
i. Aset Keuangan (lanjutan) i. Financial Assets (continued)
Penghentian Pengakuan Derecognition
Penghentian pengakuan atas suatu aset A financial asset, or where applicable, a
keuangan, atau, bila dapat diterapkan part of a financial asset or part of a group
untuk bagian dari aset keuangan atau of similar financial assets, is
bagian dari kelompok aset keuangan derecognized when:
serupa, terjadi apabila:
i. Hak kontraktual atas arus kas yang i. The contractual rights to receive the
berasal dari aset keuangan tersebut cash flows from these assets have
berakhir atau aset telah dialihkan; ceased to exist or the assets have
been transferred;
ii. Grup telah mengalihkan hak untuk ii. The Group has transferred its rights
menerima arus kas yang berasal to receive cash flows from the asset
dari aset keuangan tersebut atau or has assumed an obligation to pay
menanggung kewajiban untuk the received cash flows in full
membayar arus kas yang diterima without material delay to a third
tersebut tanpa penundaan yang party under a “pass-through”
signifikan terhadap pihak ketiga arrangement, and either (a) the
melalui suatu kesepakatan Group has transferred substantially
penyerahan dan (a) Grup secara all the risk and rewards of the
substansial mengalihkan seluruh financial assets, or (b) the Group
risiko dan manfaat atas kepemilikan has neither transferred nor retained
aset keuangan tersebut, atau (b) substantially all the risk and rewards
Grup secara substansial tidak of the financial assets, but has
mengalihkan maupun tidak transferred control of the financial
mempertahankan seluruh risiko dan asset.
manfaat atas kepemilikan aset
keuangan tersebut, namun telah
mengalihkan pengendalian atas
aset keuangan tersebut.
Ketika Grup telah mengalihkan haknya When the Group has transferred its rights
untuk menerima arus kas dari aset atau to receive cash flows from an asset or
telah menandatangani perjanjian pass- has entered into a pass-through
through, Grup mengevaluasi apakah, dan arrangement, it evaluates if, and to what
sejauh mana, telah mempertahankan extent, it has retained the risks and
risiko dan manfaat kepemilikan. Ketika rewards of ownership. When it has
Grup tidak mengalihkan atau neither transferred nor retained
mempertahankan secara substansial substantially all of the risks and rewards
seluruh risiko dan manfaat dari aset, atau of the asset, nor transferred control of the
mengalihkan pengendalian atas aset, asset, the Group continues to recognize
Grup terus mengakui aset yang ditransfer the transferred asset to the extent of its
tersebut sejauh keterlibatannya secara continuing involvement. In that case, the
berkelanjutan. Dalam kasus tersebut, Group also recognize an associated
Grup juga mengakui liabilitas terkait. Aset liability. The transferred asset and the
alihan dan liabilitas terkait diukur atas associated liability are measured on a
dasar yang mencerminkan hak dan basis that reflects the rights and
kewajiban yang dimiliki Grup. obligations that the Group has retained.
206 PT Medco Energi Internasional Tbk 2023 Annual Report
48
Page 209
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
s. Instrumen Keuangan (lanjutan) s. Financial Instruments (continued)
i. Aset Keuangan (lanjutan) i. Financial Assets (continued)
Penghentian Pengakuan (lanjutan) Derecognition (continued)
Keterlibatan berkelanjutan yang Continuing involvement that takes the
berbentuk pemberian jaminan atas aset form of a guarantee over the transferred
alihan diukur sebesar jumlah yang lebih asset is measured at the lower of the
rendah antara jumlah tercatat aset alihan original carrying amount of the asset and
dan jumlah maksimal imbalan yang the maximum amount of consideration
mungkin harus dibayar kembali oleh received that the Group could be required
Grup. to repay.
Penurunan Nilai Impairment
Grup mengakui penyisihan untuk The Group recognizes an allowance for
kerugian kredit ekspektasian ("ECL") expected credit losses (“ECL”) for all debt
untuk seluruh instrumen utang yang tidak instruments not held at fair value through
dimiliki pada nilai wajar melalui laba rugi. profit or loss. ECL are based on the
ECL didasarkan pada selisih antara arus difference between the contractual cash
kas kontraktual yang jatuh tempo sesuai flows due in accordance with the contract
dengan kontrak dan seluruh arus kas and all the cash flows that the Group
yang diperkirakan akan diterima Grup, expects to receive, discounted at an
didiskontokan dengan SBE awal. Arus approximation of the original EIR. The
kas ekspektasian akan mencakup arus expected cash flows will include cash
kas dari penjualan agunan yang dimiliki flows from the sale of collateral held or
atau perbaikan risiko-kredit lain yang other credit enhancements that are
merupakan bagian dari persyaratan integral to the contractual terms.
kontraktual.
ECL diakui dalam dua tahap. Untuk ECLs are recognized in two stages. For
eksposur kredit yang belum ada credit exposures for which there has not
peningkatan risiko kredit yang signifikan been a significant increase in credit risk
sejak pengakuan awal, ECL dilakukan since initial recognition, ECL are provided
untuk kerugian kredit yang diakibatkan for credit losses that result from default
oleh peristiwa gagal bayar yang mungkin events that are possible within the next
terjadi dalam 12 bulan ke depan (ECL 12 12-months (a 12-month ECL). For those
bulan). Untuk eksposur kredit yang telah credit exposures for which there has
terjadi peningkatan risiko kredit yang been a significant increase in credit risk
signifikan sejak pengakuan awal, since initial recognition, a loss allowance
penyisihan kerugian dilakukan untuk is required for credit losses expected
kerugian kredit yang diperkirakan selama over the remaining life of the exposure,
sisa umur eksposur, terlepas dari waktu irrespective of the timing of the default (a
gagal bayar (ECL sepanjang umur). lifetime ECL).
Untuk piutang usaha dan aset keuangan For trade and other receivables and other
lainnya yang diukur pada biaya financial assets measured at amortized
perolehan diamortisasi, Grup costs, the Group applies a simplified
menerapkan pendekatan yang approach in calculating ECL. Therefore,
disederhanakan dalam menghitung ECL. the Group does not track changes in
Oleh karena itu, Grup tidak menelusuri credit risk, but instead recognizes a loss
perubahan dalam risiko kredit, tetapi allowance based on lifetime ECLs at
mengakui penyisihan kerugian each reporting date, adjusted for forward-
berdasarkan ECL sepanjang umur pada looking factors specific to the debtors and
setiap tanggal pelaporan, disesuaikan the economic environment.
dengan faktor-faktor perkiraan masa
depan yang spesifik bagi debitur dan
lingkungan ekonomi.
2023 Annual Report PT Medco Energi Internasional Tbk 207
49
Page 210
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
s. Instrumen Keuangan (lanjutan) s. Financial Instruments (continued)
i. Aset Keuangan (lanjutan) i. Financial Assets (continued)
Penurunan Nilai (lanjutan) Impairment (continued)
Grup menganggap aset keuangan gagal The Group considers a financial asset in
bayar ketika pembayaran kontraktual default when contractual payments are
telah lewat 90 hari. Namun, dalam kasus 90 days past due. However, in certain
tertentu, Grup juga dapat cases, the Group may also consider a
mempertimbangkan aset keuangan financial asset to be in default when
mengalami gagal bayar ketika informasi internal or external information indicates
internal atau eksternal menunjukkan that the Group is unlikely to receive the
bahwa Grup tidak mungkin menerima outstanding contractual amounts in full
jumlah kontraktual yang terutang secara before taking into account any credit
penuh sebelum memperhitungkan setiap enhancements held by the Group. A
perbaikan risiko-kredit yang dimiliki oleh financial asset is written off when there is
Grup. Aset keuangan dihapuskan jika no reasonable expectation of recovering
tidak ada ekspektasi yang wajar untuk the contractual cash flows.
memulihkan arus kas kontraktual.
ii. Liabilitas Keuangan ii. Financial Liabilities
Pengakuan dan Pengukuran Awal Initial Recognition and Measurement
Liabilitas keuangan diklasifikasikan Financial liabilities are classified as
sebagai liabilitas keuangan yang diukur financial liabilities at fair value through
pada nilai wajar melalui laba rugi dan profit or loss and other financial liabilities.
liabilitas keuangan lainnya. Grup The Group determines the classification
menetapkan klasifikasi atas liabilitas of its financial liabilities at initial
keuangan pada saat pengakuan awal. recognition.
Liabilitas keuangan pada awalnya diukur Financial liabilities are recognized initially
pada nilai wajar dan, dalam hal pinjaman at fair value and, in the case of loans and
dan utang, ditambah biaya transaksi borrowings, inclusive of directly
yang dapat diatribusikan secara attributable transaction costs.
langsung.
Liabilitas keuangan Grup meliputi utang The Group’s financial liabilities include
usaha dan utang lain-lain, biaya akrual, trade and other payables, accrued
pinjaman bank jangka pendek, pinjaman expenses, short-term bank loans, long-
jangka panjang, liabilitas sewa dan term debts, lease liabilities and derivative
liabilitas derivatif. liabilities.
Pengakuan Setelah Pengukuran Awal Subsequent Measurement
Pengukuran selanjutnya dari liabilitas The measurement of financial liabilities
keuangan ditentukan oleh klasifikasinya depends on their classification as
sebagai berikut: described below:
208 PT Medco Energi Internasional Tbk 2023 Annual Report
50
Page 211
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
s. Instrumen Keuangan (lanjutan) s. Financial Instruments (continued)
ii. Liabilitas Keuangan (lanjutan) ii. Financial Liabilities (continued)
Pengakuan Setelah Pengukuran Awal Subsequent Measurement (continued)
(lanjutan)
Utang dan Pinjaman Loans and Borrowings
(i) Utang dan Pinjaman Jangka Panjang (i) Long-term Interest-bearing Loans and
yang Dikenakan Bunga Borrowings
Ini adalah kategori yang paling This is the category most relevant to
relevan dengan Grup. Setelah the Group. After initial recognition,
pengakuan awal, utang dan pinjaman long-term interest-bearing loans and
berbunga jangka panjang diukur borrowings are measured at
dengan biaya perolehan diamortisasi amortized acquisition costs using EIR
dengan menggunakan metode SBE. method. Gains and losses are
Keuntungan dan kerugian diakui recognized in the profit or loss when
dalam laba rugi pada saat liabilitas the liabilities are derecognized as well
dihentikan pengakuannya dan juga as through the EIR amortization
melalui proses amortisasi SBE. process.
Biaya perolehan diamortisasi dihitung Amortized cost is calculated by taking
dengan mempertimbangkan setiap into account any discount or premium
diskonto atau premium atas on acquisition and fee or costs that
perolehan dan komisi atau biaya yang are an integral part of the EIR. The
merupakan bagian tidak terpisahkan EIR amortization is included in
dari SBE. Amortisasi SBE dicatat finance costs in the profit or loss.
sebagai beban keuangan pada laba
rugi.
Kategori ini umumnya berlaku untuk This category generally applies to
utang dan pinjaman berbunga. Untuk interest-bearing loans and
informasi lebih lanjut, lihat Catatan borrowings. For more information,
28. refer to Note 28.
(ii) Utang dan Akrual (ii) Payables and Accruals
Liabilitas untuk utang usaha dan Liabilities for current trade and other
utang lain-lain jangka pendek dan accounts payable and accrued
biaya masih harus dibayar dinyatakan expenses are stated at carrying
sebesar jumlah tercatat (jumlah amounts (notional amounts), which
nosional), yang kurang lebih sebesar approximate their fair values.
nilai wajarnya.
Liabilitas Keuangan yang Diukur pada Financial liabilities at fair value through
Nilai Wajar Melalui Laba Rugi profit or loss
Liabilitas keuangan yang diukur pada Financial liabilities at fair value through
nilai wajar melalui laba rugi termasuk profit or loss include financial liabilities
liabilitas keuangan yang dimiliki untuk held for trading and financial liabilities
diperdagangkan dan liabilitas keuangan designated upon initial recognition as at
yang ditetapkan pada pengakuan awal fair value through profit or loss.
sebagai nilai wajar melalui laba rugi.
2023 Annual Report PT Medco Energi Internasional Tbk 209
51
Page 212
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
s. Instrumen Keuangan (lanjutan) s. Financial Instruments (continued)
ii. Liabilitas Keuangan (lanjutan) ii. Financial Liabilities (continued)
Liabilitas Keuangan yang diukur pada Financial Liabilities at Fair Value through
Nilai Wajar Melalui Laba Rugi (lanjutan) Profit or Loss (continued)
Liabilitas keuangan diklasifikasikan Financial liabilities are classified as held
sebagai kelompok diperdagangkan jika for trading if they are incurred for the
mereka terjadi untuk tujuan pembelian purpose of repurchasing in the near term.
kembali dalam waktu dekat. Derivatif Separated embedded derivatives are
melekat yang dipisahkan juga also classified as held for trading unless
diklasifikasikan sebagai kelompok they are designated as effective hedging
diperdagangkan kecuali ditetapkan instruments.
sebagai instrumen lindung nilai yang
efektif.
Keuntungan atau kerugian atas liabilitas Gains or losses on liabilities held for
yang dimiliki untuk diperdagangkan trading are recognized in profit or loss.
diakui dalam laba rugi.
Liabilitas keuangan yang ditetapkan pada Financial liabilities designated upon initial
pengakuan awal pada nilai wajar melalui recognition at fair value through profit or
laba rugi ditetapkan pada tanggal awal loss are designated at the initial date of
pengakuan, dan hanya jika kriteria dalam recognition, and only if the criteria in
PSAK 71 (sejak tanggal 1 Januari 2024 PSAK 71 (since January 1, 2024 referred
dirujuk sebagai PSAK 109) terpenuhi. to as PSAK 109) are satisfied.
Penghentian Pengakuan Derecognition
Liabilitas keuangan dihentikan A financial liability is derecognized when
pengakuannya ketika liabilitas yang the obligation under the liability is
ditetapkan dalam kontrak dihentikan atau discharged or cancelled or has expired.
dibatalkan atau kadaluwarsa.
Ketika kewajiban keuangan yang ada When an existing financial liability is
digantikan oleh yang lain dari pemberi replaced by another from the same
pinjaman yang sama dengan persyaratan lender on substantially different terms, or
yang secara substansial berbeda, atau the terms of an existing liability are
persyaratan dari kewajiban yang ada substantially modified, such an exchange
secara substansial dimodifikasi, or modification is treated as the
pertukaran atau modifikasi tersebut derecognition of the original liability and
diperlakukan sebagai penghentian the recognition of a new liability. The
pengakuan kewajiban awal dan difference in the respective carrying
pengakuan kewajiban baru. Selisih nilai amounts is recognized in the
tercatat masing-masing diakui pada consolidated statement of profit or loss
laporan laba rugi dan penghasilan and other comprehensive income.
komprehensif lain konsolidasian.
iii. Saling Hapus Instrumen Keuangan iii. Offsetting Financial Instruments
Aset keuangan dan liabilitas keuangan Financial assets and financial liabilities
disalinghapuskan dan jumlah netonya are offset and the net amount is reported
dilaporkan pada laporan posisi keuangan in the consolidated statement of financial
konsolidasian ketika terdapat hak yang position when there is a legally
berkekuatan hukum untuk melakukan enforceable right to offset the recognized
saling hapus atas jumlah yang telah amounts and there is an intention to
diakui tersebut dan adanya niat untuk settle on a net basis, or realize the asset
menyelesaikan secara neto, atau untuk and settle the liability simultaneously.
merealisasikan aset dan menyelesaikan
liabilitas secara bersamaan.
210 PT Medco Energi Internasional Tbk 2023 Annual Report
52
Page 213
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
t. Instrumen Keuangan Derivatif dan t. Derivative Financial Instruments and Hedge
Akuntansi Lindung Nilai Accounting
Grup menggunakan instrumen keuangan The Group uses derivative financial
derivatif seperti swap tingkat suku bunga antar instruments such as cross currency interest
mata uang, kontrak forward mata uang asing, rate swaps, foreign currency forward
swap antar mata uang dan kontrak komoditas contracts, cross-currency swaps and
untuk melakukan lindung nilai atas risiko mata commodity contracts to hedge its foreign
uang asing, risiko tingkat suku bunganya dan currency risks, interest rate risks and
risiko harga komoditas. Instrumen keuangan commodity price risk. Such derivative financial
derivatif tersebut pada awalnya diakui sebesar instruments are initially recognized at fair value
nilai wajar pada tanggal kontrak derivatif on the date on which a derivative contract is
dimulai dan selanjutnya diukur kembali pada entered into and are subsequently remeasured
nilai wajar. Derivatif dicatat sebagai aset at fair value. Derivatives are carried as
keuangan saat nilai wajarnya positif dan financial assets when the fair value is positive
sebagai liabilitas keuangan saat nilai wajarnya and as financial liabilities when the fair value is
negatif. negative.
Grup menerapkan akuntansi lindung nilai atas The Group applies hedge accounting to
transaksi lindung nilai yang memenuhi kriteria hedging transactions that meet the criteria for
akuntansi lindung nilai. hedge accounting.
Untuk tujuan akuntansi lindung nilai, lindung For the purpose of hedge accounting, hedges
nilai diklasifikasikan sebagai lindung nilai atas are classified as fair value hedge, cash flow
nilai wajar, lindung nilai atas arus kas dan hedge and hedge of a net investment in a
lindung nilai atas investasi neto dalam foreign operation.
kegiatan usaha luar negeri.
Pada awal hubungan lindung nilai, Grup At the inception of a hedge relationship, the
merancang dan mendokumentasikan Group formally designates and documents the
hubungan lindung nilai yang diinginkannya hedge relationship to which it wishes to apply
untuk menerapkan akuntansi lindung nilai hedge accounting, the risk management
secara formal, tujuan dan strategi manajemen objective and strategy for undertaking the
risiko untuk melakukan lindung nilai. hedge.
Dokumentasi tersebut mencakup identifikasi The documentation includes identification of
instrumen lindung nilai, item lindung nilai, sifat the hedging instrument, the hedged item, the
risiko yang dilindungi nilai dan bagaimana nature of the risk being hedged and how the
Grup akan menilai apakah hubungan lindung Group will assess whether the hedging
nilai tersebut memenuhi persyaratan relationship meets the hedge effectiveness
efektivitas lindung nilai (termasuk analisis requirements (including the analysis of
sumber ketidakefektifan lindung nilai dan sources of hedge ineffectiveness and how the
bagaimana rasio lindung nilai ditentukan). hedge ratio is determined).
Lindung Nilai Arus Kas Cash Flow Hedge
Bagian efektif atas laba atau rugi instrumen The effective portion of the gain or loss on the
lindung nilai atas arus kas diakui langsung cash flow hedging instrument is recognized
pada penghasilan komprehensif lain, directly in other comprehensive income, while
sementara bagian yang tidak efektif diakui any ineffective portion is recognized
segera dalam laporan laba rugi. immediately in profit or loss.
2023 Annual Report PT Medco Energi Internasional Tbk 211
53
Page 214
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
t. Instrumen Keuangan Derivatif dan t. Derivative Financial Instruments and Hedge
Akuntansi Lindung Nilai (lanjutan) Accounting (continued)
Lindung Nilai Arus Kas (lanjutan) Cash Flow Hedge (continued)
Grup mempunyai kontrak forward dan swap The Group entered into forward and cross-
antar mata uang yang digunakan sebagai currency swap contracts that are used to
lindung nilai atas eksposur perubahan dalam hedge for the exposure to changes in cash
arus kas sehubungan dengan perubahan nilai flows due to changes in foreign exchange
tukar mata uang asing. Grup juga mempunyai rates. The Group also entered into commodity
kontrak collar komoditas dan kontrak opsi collar and commodity options contract that are
komoditas yang digunakan sebagai lindung used as a hedge for the exposure to changes
nilai atas eksposur perubahan harga in commodity price. Such forward, swap and
komoditas. Kontrak forward, swap dan opsi commodity contracts are accounted for under
komoditas tersebut dicatat dengan hedge accounting.
menggunakan akuntansi lindung nilai.
Grup merancang hanya elemen spot dari The Group designates only the spot element of
kontrak forward dan swap antar mata uang the forward and cross-currency swap contracts
serta nilai intrinsik opsi komoditas sebagai and the intrinsic value of commodity options as
instrumen lindung nilai. Unsur masa depan hedging instruments. The forward element of
dari kontrak forward dan swap antar mata forward and cross-currency swap contracts as
uang, serta komponen nilai waktu dari opsi well as the time value component of
komoditas diakui dalam OCI dan commodity options are recognized in OCI and
diakumulasikan dalam komponen terpisah dari accumulated in a separate component of
ekuitas sebagai bagian dari penyesuaian nilai equity under fair value adjustment on cash
wajar atas instrumen lindung nilai arus kas. flow hedging instruments. Because the
Karena lindung nilai arus kas Grup tidak Group’s cash flow hedges does not lead to the
menyebabkan pengakuan item-item non- recognition of non-financial items on balance
keuangan di neraca, jumlah yang terakumulasi sheet, the amount accumulated in OCI is
dalam OCI direklasifikasi ke laba rugi sebagai reclassified to profit or loss as a
penyesuaian reklasifikasi pada periode atau reclassification adjustment in the same period
periode yang sama di mana arus kas yang or periods during which the hedged cash flows
dilindung nilai memengaruhi laba atau affect profit or loss.
kerugian.
u. Pengakuan Pendapatan dan Beban u. Revenue and Expense Recognition
Pendapatan dari kontrak dengan pelanggan Revenue from contracts with customers is
diakui ketika pengendalian barang atau jasa recognized when control of the goods or
dialihkan kepada pelanggan dengan jumlah services are transferred to the customer at an
yang mencerminkan imbalan yang diharapkan amount that reflects the consideration to which
akan menjadi hak Grup dalam pertukaran the Group expects to be entitled in exchange
barang dan jasa tersebut. Grup telah for those goods or services. The Group has
menyimpulkan bahwa Grup adalah prinsipal concluded that it is the principal in all of its
dalam semua pengaturan pendapatannya revenue arrangements since it controls the
karena Grup mengendalikan barang atau jasa goods or services before transferring them to
sebelum mentransfernya ke pelanggan. the customer.
Saldo Kontrak Contract Balances
• Aset kontrak • Contract assets
Jika Grup melaksanakan transfer barang If the Group performs by transferring
atau jasa kepada pelanggan sebelum goods or services to a customer before
pelanggan membayar imbalan atau the customer pays consideration or
sebelum pembayaran jatuh tempo, aset before payment is due, a contract asset
kontrak diakui untuk imbalan yang is recognized for the earned
diperoleh yang bersyarat. consideration that is conditional.
212 PT Medco Energi Internasional Tbk 2023 Annual Report
54
Page 215
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
u. Pengakuan Pendapatan dan Beban u. Revenue and Expense Recognition
(lanjutan) (continued)
Saldo Kontrak (lanjutan) Contract Balances (continued)
• Piutang usaha • Trade receivables
Piutang merupakan hak Grup atas A receivable represents the Group’s right
sejumlah imbalan yang tidak bersyarat to an amount of consideration that is
(yaitu, hanya berlalunya waktu yang unconditional (i.e., only the passage of
diperlukan sebelum pembayaran imbalan time is required before payment of the
jatuh tempo). consideration is due).
• Liabilitas kontrak • Contract liabilities
Jika pelanggan membayar imbalan If a customer pays consideration before
sebelum Grup mentransfer barang the Group transfers goods to the
kepada pelanggan, liabilitas kontrak customer, a contract liability is
diakui pada saat pembayaran dilakukan recognized when the payment is made or
atau pembayaran jatuh tempo (mana the payment is due (whichever is earlier).
yang lebih awal). Liabilitas kontrak diakui Contract liabilities are recognized as
sebagai pendapatan pada saat Grup revenue when the Group performs under
melakukan kewajiban pelaksanaan the contract.
berdasarkan kontrak.
Grup mempertimbangkan apakah ada janji lain The Group considers whether there are other
dalam kontrak yang merupakan kewajiban promises in the contract that are separate
pelaksanaan terpisah pada mana sebagian performance obligations to which a portion of
dari harga transaksi perlu dialokasikan. Grup the transaction price needs to be allocated
mempertimbangkan pengaruh dari imbalan (example guarantee, customer loyalty points).
variabel, keberadaan komponen pendanaan The Group considers the effects of variable
yang signifikan, imbalan non-kas, dan utang consideration, the existence of significant
imbalan kepada pelanggan (jika ada). financing components, non-cash
consideration, and consideration payable to
the customer (if any).
(i) Imbalan variabel (i) Variable consideration
Jika imbalan dalam kontrak mencakup If the consideration in a contract includes
jumlah variabel, Grup mengestimasi a variable amount, the Group estimates
jumlah imbalan yang menjadi haknya the amount of consideration to which it
sebagai imbalan atas pengalihan barang will be entitled in exchange for
kepada pelanggan. Imbalan variabel transferring the goods to the customer.
diestimasi pada awal kontrak dan The variable consideration is estimated at
dibatasi hingga kemungkinan besar contract inception and constrained until it
bahwa pembalikan pendapatan yang is highly probable that a significant
signifikan dalam jumlah pendapatan revenue reversal in the amount of
kumulatif yang diakui tidak akan terjadi cumulative revenue recognized will not
ketika ketidakpastian terkait dengan occur when the associated uncertainty
imbalan variabel kemudian diselesaikan. with the variable consideration is
subsequently resolved.
2023 Annual Report PT Medco Energi Internasional Tbk 213
55
Page 216
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
u. Pengakuan Pendapatan dan Beban u. Revenue and Expense Recognition
(lanjutan) (continued)
(ii) Komponen pendanaan yang signifikan (ii) Significant financing component
Dalam kontrak tertentu, Grup juga In certain contracts, the Group receives
menerima uang muka jangka panjang long-term advances from customers.
dari pelanggan. Uang muka jangka Long-term advances from customers are
panjang dari pelanggan tersebut subject to market interest rates.
merupakan subjek terhadap tingkat Otherwise, the transaction price for such
bunga pasar. Harga transaksi untuk contracts is discounted, using the rate
kontrak tersebut didiskontokan, that would be reflected in a separate
menggunakan tarif yang akan tercermin financing transaction between the Group
dalam transaksi pendanaan terpisah and its customers at contract inception, to
antara Grup dan pelanggannya pada take into consideration the significant
permulaan kontrak, untuk financing component.
mempertimbangkan komponen
pendanaan yang signifikan.
Untuk uang muka jangka pendek dari For any short-term advances from its
pelanggan, dengan menggunakan customers, using the practical expedient
panduan praktis dalam PSAK 72 (sejak in PSAK 72 (since January 1, 2024
tanggal 1 Januari 2024 dirujuk sebagai refrerred to as PSAK 115), the Group
PSAK 115), Grup tidak menyesuaikan does not adjust the promised amount of
jumlah imbalan yang dijanjikan atas consideration for the effects of a
dampak komponen pendanaan signifikan significant financing component if it
jika diharapkan, pada awal kontrak, expects, at contract inception, that the
bahwa periode antara pengalihan barang period between the transfer of the
atau jasa yang dijanjikan kepada promised good or service to the customer
pelanggan dan ketika pelanggan and when the customer pays for that
membayar barang atau jasa itu satu good or service will be one year or less.
tahun atau kurang.
Pendapatan dari Penjualan Minyak dan Gas Revenue from Sales of Oil and Gas
Bumi
Pendapatan dari penjualan minyak, gas bumi Revenue from the sale of oil, natural gas and
dan barang-barang lainnya diakui pada saat other items is recognized at the point in time
pengendalian produk dialihkan ke pelanggan, when control of the product is transferred to
yang umumnya ketika produk secara fisik the customer, which is generally when the
dipindahkan ke dalam kapal, pipa atau product is physically transferred into a vessel,
mekanisme pengiriman lainnya dan pelanggan pipe or other delivery mechanism and the
menerima produk. Akibatnya, kewajiban customer accepts the product. Consequently,
pelaksanaan Grup dianggap hanya terkait the Group’s performance obligations are
dengan penjualan minyak, gas bumi considered to relate only to the sale of oil,
berdasarkan pengaturan kontrak yang berlaku. natural gas under the contractual
Biaya pengangkutan dan pengapalan arrangements in place. The transportation and
sehubungan dengan pengalihan produk ke shipping cost associated with the transfer of
tempat penjualan diakui sebagai biaya the product to the point of sale is recognized
penjualan. as a selling cost.
214 PT Medco Energi Internasional Tbk 2023 Annual Report
56
Page 217
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
u. Pengakuan Pendapatan dan Beban u. Revenue and Expense Recognition
(lanjutan) (continued)
Pendapatan dari Penjualan Minyak dan Gas Revenue from Sales of Oil and Gas
Bumi (lanjutan) (continued)
Berdasarkan ketentuan pengaturan bagi hasil Under the terms of the relevant production
yang relevan, Grup berhak atas bagian sharing arrangements, the Group is entitled to
keikutsertaannya dalam minyak dan gas bumi its participating share in the oil and natural gas
berdasarkan hak partisipasi Grup. Pendapatan based on the Group’s working interest.
dari kontrak dengan pelanggan diakui Revenue from contracts with customers is
berdasarkan volume aktual yang dijual kepada recognized based on the actual volumes sold
pelanggan. Tidak ada penyesuaian yang to customers. No adjustments are made to
dilakukan pada pendapatan untuk setiap revenue for any differences between volumes
perbedaan antara volume yang dijual ke sold to customers and unsold volumes which
pelanggan dan volume yang tidak terjual yang the Group is entitled to sell based on its
berhak dijual Grup berdasarkan hak working interest. Revenue in respect of such
partisipasinya. Pendapatan sehubungan volumes is only recognized when there is a
dengan volume tersebut hanya diakui jika ada transfer of output to the Group’s customers.
transfer output ke pelanggan Grup. Namun, However, where liftings do not match working
jika liftings tidak sesuai dengan hak partisipasi interest or entitlement interest, an adjustment
atau kepemilikan, penyesuaian dilakukan pada is made to cost of revenue representing the
beban pokok pendapatan yang mencerminkan amount due to/from partners representing
jumlah terutang/tagihan dari partner yang overlifting/underlifting movements.
merupakan pergerakan overlifting/underlifting.
Pendapatan dari Usaha Kelistrikan Revenue from Power Business
Pendapatan yang berkaitan dengan komponen Revenue related to the other components of
lain dari harga tenaga listrik yang dikirimkan the price of electric power delivered (cost of
(biaya gas, perawatan dan overhead) diakui gas, maintenance and overhead) is recognized
sebagai pendapatan pada saat penyerahan as revenue upon delivery of electric power to
tenaga listrik ke pelanggan. Kontrol dialihkan customer. Control is transferred at a point in
pada suatu titik waktu, umumnya setelah time, generally upon delivery to the customer.
pengiriman ke pelanggan.
Pendapatan dari operasi dan pemeliharaan, Revenue from operations and maintenance,
dan jasa lainnya diakui pada saat jasa and other services is recognized when
diberikan. Pengendalian ditransfer secara services is rendered. Control is transferred
bertahap dan pelanggan secara bersamaan over time as the customers simultaneously
menerima dan mengkonsumsi jasa yang receives and consumes the benefits provided
diberikan oleh Perusahaan. by the Company.
Pendapatan dan Biaya Konstruksi Construction Revenue and Cost
Pendapatan dan biaya dari kegiatan kontrak Revenue and costs from long-term contract
jangka panjang diakui berdasarkan tahap activities are recognized based on the stage of
penyelesaian yang ditentukan berdasarkan completion which is determined based on the
proporsi biaya kontrak yang terjadi untuk proportion of contract costs incurred for work
pekerjaan yang dilakukan sampai saat ini performed to date compared to the estimated
dibandingkan dengan perkiraan jumlah biaya total contract costs.
kontrak.
Grup mengakui pendapatan konstruksi dari The Group recognizes construction revenues
waktu ke waktu menggunakan metode output over time using the output method based on
berdasarkan laporan bulanan atas proses the monthly report over the completed
penyelesaian konstruksi. construction progress.
2023 Annual Report PT Medco Energi Internasional Tbk 215
57
Page 218
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
u. Pengakuan Pendapatan dan Beban u. Revenue and Expense Recognition
(lanjutan) (continued)
Pendapatan dari Usaha Lainnya Revenue from Others
Pendapatan dari usaha lainnya terutama Revenue from others pertains mainly to
berkaitan dengan pendapatan dari jasa. Grup revenue from services. The Group recognizes
mengakui pendapatan dari jasa ini dari waktu revenue from these services over time, using
ke waktu, dengan menggunakan metode input an input method to measure progress towards
untuk mengukur proses menuju kepuasan complete satisfaction of the service, because
penuh atas layanan tersebut, karena the customer simultaneously receives and
pelanggan secara bersamaan menerima dan consumes the benefits provided by the Group.
menggunakan manfaat yang diberikan oleh
Grup.
Pendapatan yang dihasilkan dari pengaturan Revenue resulting from arrangements that are
yang tidak dianggap sebagai kontrak dengan not considered contracts with customers is
pelanggan disajikan sebagai pendapatan dari presented as revenue from other sources.
sumber lain.
Modifikasi Kontrak Contract Modifications
Kontrak Grup dengan pelanggan dapat The Group’s contracts with customers may be
dinegosiasikan dari waktu ke waktu dan negotiated from time to time and certain
ketentuan tertentu seperti penetapan harga provisions such as pricing and working interest
dan hak partisipasi dapat diubah dalam may be amended in the agreement. Subject to
perjanjian. Tunduk pada sifat perubahan ini, the nature of these changes, the Group
Grup memperhitungkan modifikasi kontrak accounts for modification of the existing
yang ada berdasarkan volume komitmen yang contract based on agreed volume
disepakati sebelum dan setelah modifikasi commitments before and after the contract
kontrak dan perubahan harga yang timbul dari modification and the price changes arising
modifikasi. from the modification.
Beban Expenses
Beban diakui pada saat terjadinya dengan Expenses are recognized as incurred on an
menggunakan metode akrual. accrual basis.
v. Perpajakan v. Taxation
Beban pajak penghasilan terdiri dari pajak kini The income tax expense comprises current
dan pajak tangguhan. Pajak diakui dalam and deferred tax. Tax is recognized in the
laporan laba rugi, kecuali jika pajak tersebut statement of profit or loss, except to the extent
terkait dengan transaksi atau kejadian yang that it relates to items recognized in other
diakui di penghasilan komprehensif lain atau comprehensive income or directly in equity. In
langsung diakui ke ekuitas. Dalam hal ini, this case, the tax is also recognized in other
pajak tersebut masing-masing diakui dalam comprehensive income or directly in equity,
penghasilan komprehensif lain atau ekuitas. respectively.
Pajak Kini Current Tax
Beban pajak kini ditentukan berdasarkan laba Current tax expense is determined based on
kena pajak dalam tahun yang bersangkutan. the taxable income for the year. Tax rates
Tarif pajak yang digunakan untuk menghitung used to compute the amount are those that
jumlah tersebut adalah yang telah berlaku atau have been enacted or substantively enacted at
secara substantif telah berlaku pada tanggal the reporting date.
pelaporan.
Aset dan liabilitas pajak kini untuk tahun Current tax assets and liabilities for the current
berjalan dan tahun sebelumnya diukur sebesar and prior years are measured at the amounts
jumlah yang diharapkan dapat direstitusi dari expected to be recovered from or paid to the
atau dibayarkan kepada otoritas perpajakan. tax authorities.
216 PT Medco Energi Internasional Tbk 2023 Annual Report
58
Page 219
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
v. Perpajakan (lanjutan) v. Taxation (continued)
Pajak Kini (lanjutan) Current Tax (continued)
Koreksi terhadap liabilitas perpajakan dicatat Amendments to taxation obligations are
saat surat ketetapan pajak diterima dan recorded when an assessment is received and
apabila dilakukan banding, ketika hasil if appealed, when the result of the appeal is
banding sudah diputuskan. Kekurangan/ determined. The underpayment/overpayment
kelebihan pembayaran pajak penghasilan of income tax are recorded as part of "Current
dicatat sebagai bagian dari “Beban Pajak Kini” Tax" in the consolidated statements of profit or
dalam laporan laba rugi dan penghasilan loss and other comprehensive income.
komprehensif lain konsolidasian. Bunga dan Interests and penalties are presented as part
denda disajikan sebagai bagian dari beban of other operating expenses since they are not
operasi lainnya karena tidak dianggap sebagai considered as part of the income tax expense.
bagian dari beban pajak penghasilan.
Pajak Tangguhan Deferred Tax
Pajak tangguhan diakui dengan menggunakan Deferred tax is recognized using the liability
metode liabilitas atas perbedaan temporer method on temporary differences between the
antara perhitungan akuntansi dan basis financial and the tax bases of assets and
perhitungan pajak atas aset dan kewajiban liabilities at the financial reporting date.
pada tanggal pelaporan.
Aset dan liabilitas pajak tangguhan diakui atas Deferred tax assets and liabilities are
perbedaan temporer antara jumlah tercatat recognized for temporary differences between
aset dan liabilitas pada laporan posisi the carrying amount of assets and liabilities
keuangan dengan dasar pengenaan pajaknya with their tax bases at the financial reporting
pada setiap tanggal pelaporan. Aset pajak date. Deferred tax assets are recognized for all
tangguhan diakui untuk seluruh perbedaan deductible temporary differences and
temporer yang boleh dikurangkan dan accumulated tax losses that have not been
akumulasi rugi pajak yang belum utilized, if taxable income is likely to be
dikompensasikan, bila kemungkinan besar available so that the temporary differences can
laba kena pajak akan tersedia sehingga be deducted and the unutilized tax losses can
perbedaan temporer dapat dikurangkan dan be utilized.
rugi pajak belum dikompensasikan tersebut
dapat dimanfaatkan.
Liabilitas pajak tangguhan dan aset pajak Deferred tax liabilities and deferred tax assets
tangguhan (jika memenuhi kriteria) diakui atas (if they meet the criteria) are recognized for
perbedaan temporer kena pajak terkait dengan temporary differences associated with
investasi pada entitas anak dan asosiasi, investments in subsidiaries and associates,
kecuali yang waktu pembalikannya dapat unless the timing of the reversal of temporary
dikendalikan dan kemungkinan besar differences can be controlled and it is probable
perbedaan temporer tersebut tidak akan that the temporary differences will not be
dibalik di masa depan yang dapat reversed in the foreseeable future.
diperkirakan.
2023 Annual Report PT Medco Energi Internasional Tbk 217
59
Page 220
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
v. Perpajakan (lanjutan) v. Taxation (continued)
Pajak Tangguhan (lanjutan) Deferred Tax (continued)
Jumlah tercatat aset pajak tangguhan ditelaah The carrying amount of deferred tax assets is
pada setiap tanggal pelaporan dan nilai reviewed at each reporting date and is
tercatat aset pajak tangguhan tersebut reduced to the extent that it is no longer
diturunkan apabila laba fiskal mungkin tidak probable that sufficient taxable income will be
memadai untuk mengkompensasi sebagian available in the future to enable some or all of
atau semua manfaat aset pajak tangguhan. the benefits of the deferred tax assets to be
Aset pajak tangguhan yang belum diakui realized. Deferred tax assets that have not
sebelumnya ditelaah pada setiap tanggal been recognized previously are reviewed at
pelaporan dan diakui sepanjang laba kena each reporting date and recognized to the
pajak yang akan datang kemungkinan besar extent that it has become probable that
akan tersedia untuk dipulihkan. sufficient taxable income will be available to
enable the deferred tax assets to be
recovered.
Aset dan liabilitas pajak tangguhan diukur Deferred tax assets and liabilities are
berdasarkan tarif pajak yang diharapkan akan measured based on tax rates that are
dipakai pada tahun saat aset terealisasi dan expected to apply to the year when the assets
liabilitas diselesaikan berdasarkan tarif pajak are realized and liabilities are settled based on
dan peraturan perpajakan yang berlaku atau the tax rates and tax laws that have been
yang secara substantif berlaku pada tanggal enacted or substantively enacted at the
laporan posisi keuangan konsolidasian. consolidated statements of financial position
date.
Aset pajak tangguhan dan liabilitas pajak Deferred tax assets and deferred tax liabilities
tangguhan saling hapus jika terdapat hak are offset if there is a legal right to off-set
secara hukum untuk melakukan saling hapus deferred tax assets against deferred tax
atas aset pajak tangguhan terhadap liabilitas liabilities and the deferred tax assets and
pajak tangguhan atau aset dan liabilitas pajak liabilities pertain to the same entity.
tangguhan pada entitas yang sama.
Pajak tangguhan terkait pos yang diakui di luar Deferred tax relating to items recognized
laba atau rugi diakui di luar laba atau rugi. outside profit or loss is recognized outside
Pajak tangguhan pos terkait diakui sesuai profit or loss. Deferred tax items are
dengan transaksi yang mendasari yaitu diakui recognized in correlation to the underlying
pada penghasilan komprehensif lain atau transaction either in other comprehensive
langsung ke ekuitas. income or directly in equity.
Entitas anak yang terlibat dalam kegiatan Subsidiaries involved in oil and gas exploration
eksplorasi dan produksi minyak dan gas bumi and production in Indonesia are subject to
di Indonesia dikenai tarif pajak penghasilan income tax at rates ranging from 36.25% to
sebesar antara 36,25% sampai 48%. 48%.
Entitas anak yang terlibat dalam kegiatan Subsidiaries involved in oil and gas exploration
eksplorasi dan produksi minyak dan gas bumi and production outside Indonesia are subject
di luar Indonesia dikenai berbagai tarif pajak to various corporate income tax rates ranging
penghasilan badan sebesar antara 15% - from 15% to 55%.
55%.
Entitas anak yang beroperasi dalam bidang Subsidiaries involved in non-oil and gas
selain minyak dan gas bumi di Indonesia activities in Indonesia are subject to corporate
dikenakan tarif pajak sebesar antara 22% - income tax rates from 22% to 34%.
34%.
218 PT Medco Energi Internasional Tbk 2023 Annual Report
60
Page 221
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
v. Perpajakan (lanjutan) v. Taxation (continued)
Pajak Pertambahan Nilai (PPN) Value Added Tax (VAT)
Jumlah PPN neto yang terpulihkan dari, atau The net amount of VAT recoverable from, or
terutang kepada, kantor pajak termasuk payable to, the taxation authorities is included
sebagai bagian dari piutang atau utang pada as part of receivables or payables in the
laporan posisi keuangan konsolidasian. consolidated statement of financial position.
Pajak Final Final Tax
Grup memiliki pendapatan yang dikenakan The Group has earnings that is subject to final
pajak final terutama dari pendapatan bunga. tax mainly from interest income.
Sesuai peraturan perpajakan di Indonesia, In accordance with the tax regulation in
pajak final dikenakan atas nilai bruto transaksi, Indonesia, final tax is applied to the gross
dan tetap dikenakan walaupun atas transaksi value of transactions, even when the parties
tersebut pelaku transaksi mengalami kerugian. carrying the transaction are recognizing
losses.
Pajak final tidak termasuk dalam lingkup yang Final tax is scoped out from PSAK 46: Income
diatur oleh PSAK 46: Pajak Penghasilan (sejak Tax (since January 1, 2024 referred to as
tanggal 1 Januari 2024 dirujuk sebagai PSAK PSAK 212).
212).
w. Penurunan Nilai Aset Non-Keuangan w. Impairment of Non-Financial Assets
Pada setiap akhir periode pelaporan, Grup At end of each reporting period, the Group
menilai apakah terdapat indikasi suatu aset assesses whether there is an indication that an
mengalami penurunan nilai. Jika terdapat asset may be impaired. If any such indication
indikasi tersebut, atau pada saat pengujian exists, or when annual impairment testing for
tahunan penurunan nilai aset (yaitu, goodwill an asset (i.e., goodwill acquired in a business
yang diperoleh dalam suatu kombinasi bisnis) combination) is required, the Group makes an
diperlukan, maka Grup membuat estimasi estimate of the asset’s recoverable amount.
jumlah terpulihkan aset tersebut.
Jumlah terpulihkan yang ditentukan untuk aset An asset’s recoverable amount is the higher of
individual adalah jumlah yang lebih tinggi the asset’s or cash generating unit (“CGU”)’s
antara nilai wajar aset atau unit penghasil kas fair value less costs to sell and its value in use,
(“UPK”) dikurangi biaya untuk menjual dan and is determined for an individual asset,
nilai pakainya, dan ditentukan untuk aset unless the asset does not generate cash
individual, kecuali aset tersebut tidak inflows that are largely independent of those
menghasilkan arus kas masuk yang sebagian from other assets or groups of assets. Where
besar independen dari aset lain atau kelompok the carrying amount of an asset exceeds its
aset lain. Jika nilai tercatat aset lebih besar recoverable amount, the asset is considered
daripada nilai terpulihkannya, maka aset impaired and is written down to its recoverable
tersebut mengalami penurunan nilai dan nilai amount. The impairment losses of continuing
tercatat aset diturunkan menjadi sebesar nilai operations are recognized in profit or loss as
terpulihkannya. Rugi penurunan nilai dari “impairment losses”.
operasi yang dilanjutkan diakui pada laporan
laba rugi sebagai “kerugian atas penurunan
nilai aset”.
2023 Annual Report PT Medco Energi Internasional Tbk 219
61
Page 222
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
w. Penurunan Nilai Aset Non-Keuangan w. Impairment of Non-Financial Assets
(lanjutan) (continued)
Pemulihan rugi penurunan nilai untuk aset Reversal on impairment loss for non-financial
non-keuangan selain goodwill, diakui jika, dan assets other than goodwill would be
hanya jika, terdapat perubahan estimasi yang recognized if, and only if, there has been a
digunakan dalam menentukan jumlah change in the estimates used to determine the
terpulihkan aset sejak pengujian penurunan assets’ recoverable amount since the last
nilai terakhir kali. Pembalikan tersebut dibatasi impairment test was carried out. The reversal
sehingga jumlah tercatat aset tidak melebihi is limited so that the carrying amount of the
jumlah terpulihkannya maupun jumlah tercatat, asset does not exceed its recoverable amount,
setelah dikurangi penyusutan, seandainya nor exceed the carrying amount that would
tidak ada rugi penurunan nilai yang telah have been determined, net of depreciation,
diakui untuk aset tersebut pada tahun had no impairment loss been recognized for
sebelumnya. Pembalikan rugi penurunan nilai the asset in prior years. Reversal of an
diakui segera dalam laba rugi. Setelah impairment loss is recognized immediately in
pembalikan tersebut, penyusutan aset tersebut profit or loss. After such a reversal, the
disesuaikan di periode mendatang untuk depreciation charge on the related asset is
mengalokasikan jumlah tercatat aset yang adjusted in future periods to allocate the
direvisi, dikurangi nilai sisanya, dengan dasar asset’s revised carrying amount, less any
yang sistematis selama sisa umur manfaatnya. residual value, on a systematic basis over its
remaining useful life.
Goodwill diuji untuk penurunan nilai setiap Goodwill is tested for impairment annually (on
tahun (pada tanggal 31 Desember) dan ketika December 31) and when circumstances
keadaan yang mengindikasikan bahwa nilai indicate that the carrying value may be
tercatat mungkin mengalami penurunan nilai. impaired. Impairment is determined for
Penurunan nilai bagi goodwill ditetapkan goodwill by assessing the recoverable amount
dengan menentukan jumlah terpulihkan dari of each CGU (or group of CGUs) to which the
setiap UPK (atau kelompok UPK) dimana goodwill relates. Where the recoverable
goodwill terkait. Jika jumlah terpulihkan dari amount of the CGU is less than its carrying
UPK kurang dari jumlah tercatatnya, rugi amount, an impairment loss is recognized.
penurunan nilai diakui.
Kerugian penurunan nilai yang berhubungan Impairment losses relating to goodwill cannot
dengan goodwill tidak dapat dibalik pada be reversed in future periods.
periode yang akan datang.
x. Pengaturan Bersama x. Joint Arrangement
Operasi Bersama Joint Operation
Operasi bersama adalah salah satu jenis A joint operation is a type of joint arrangement
pengaturan bersama dimana para pihak yang whereby the parties that have joint control of
memiliki pengendalian bersama atas the arrangement have rights to the assets and
pengaturan tersebut memiliki hak atas aset obligations for the liabilities, relating to the
dan kewajiban atas liabilitas, terkait dengan arrangement.
pengaturan tersebut.
Grup memiliki kepemilikan dalam operasi The Group has interests in several joint
bersama dimana Grup termasuk salah satu operation whereby the Group includes as a
pihak yang memiliki pengendalian bersama party which have joint control of a joint
atas operasi bersama (operator bersama). operation (joint operator).
220 PT Medco Energi Internasional Tbk 2023 Annual Report
62
Page 223
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
x. Pengaturan Bersama (lanjutan) x. Joint Arrangement (continued)
Operasi Bersama (lanjutan) Joint Operation (continued)
Ketika entitas mengakuisisi kepentingan dalam When an entity acquires an interest in a joint
operasi bersama yang aktivitas operasi operation in which the activity of the joint
bersamanya merupakan bisnis, kombinasi operation constitutes a business, it shall apply,
bisnis entitas tersebut, menerapkan seluruh all of the principles on business combinations
prinsip akuntansi kombinasi bisnis. Hal ini accounting. This applies to the acquisition of
diterapkan untuk akuisisi kepentingan awal both the initial interest and additional interests
dan kepentingan tambahan dalam operasi in a joint operation in which the activity of the
bersama yang aktivitas operasi bersamanya joint operation constitutes a business.
merupakan bisnis.
Ketika Grup melakukan transaksi dengan When the Group enters into a transaction with
operasi bersama, di mana Grup merupakan a joint operation in which it is a joint operator,
salah satu operator bersama, maka Grup the Group shall recognize gains and losses
mengakui keuntungan dan kerugian yang resulting from such a transaction only to the
dihasilkan dari transaksi tersebut hanya extent of the other parties’ interests in the joint
sebatas kepentingan para pihak lain dalam operation.
operasi bersama tersebut.
Ketika Grup kehilangan pengendalian Upon loss of joint control, the Group measures
bersama, Grup mengakui dan mencatat and recognizes its remaining investment at its
investasi yang tersisa pada nilai wajar. fair value. Any difference between the carrying
Perbedaan antara nilai tercatat dari entitas amount of the former jointly controlled entity
pengendalian bersama dahulu saat kehilangan upon loss of joint control and the fair value of
pengendalian bersama dan nilai wajar the remaining investment and gain from
investasi yang tersisa dan pendapatan dari disposal is recognized in profit or loss. When
pelepasan dicatat dalam laba atau rugi. Ketika the remaining investment constitutes
investasi tersisa menunjukkan pengaruh yang significant influence, it is accounted for as
signifikan, maka investasi akan dicatat sebagai investment in an associates.
investasi pada entitas asosiasi.
Ventura Bersama Joint Venture
Ventura bersama adalah pengaturan bersama Joint ventures are a joint arrangement
yang mengatur bahwa para pihak yang whereby the parties that have joint control of
memiliki pengendalian bersama atas the arrangement have rights to the net assets
pengaturan memiliki hak atas aset neto of the arrangement. Investment in joint
pengaturan tersebut. Investasi pada ventura ventures are accounted for using the equity
bersama dicatat menggunakan metode method.
ekuitas.
y. Informasi Segmen y. Segment Information
Segmen adalah komponen Grup yang dapat A segment is a distinguishable component of
dibedakan dalam menghasilkan produk the Group that is engaged either in providing
tertentu (segmen bisnis), atau dalam certain products (business segment), or in
menghasilkan produk dalam sebuah providing products within a particular economic
lingkungan ekonomi khusus (segmen environment (geographical segment), which is
geografis), yang merupakan subjek yang subject to risks and rewards that are different
mempunyai risiko dan manfaat yang berbeda from those of other segments.
dari segmen lainnya.
2023 Annual Report PT Medco Energi Internasional Tbk 221
63
Page 224
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
y. Informasi Segmen (lanjutan) y. Segment Information (continued)
Segmen pendapatan, beban, hasil, aset dan Segment revenue, expenses, results, assets,
liabilitas termasuk hal-hal yang dapat and liabilities include items directly attributable
diatribusikan secara langsung terhadap to a segment as well as those that can be
sebuah segmen dan juga yang dapat allocated on a reasonable basis to that
dialokasikan pada dasar yang wajar pada segment. They are determined before
segmen tersebut. Segmen tersebut ditentukan intragroup balances and intragroup
sebelum saldo intragrup dan transaksi transactions are eliminated.
intragrup dieliminasi.
Untuk tujuan manajemen, Grup dibagi menjadi For management purposes, the Group is
segmen operasi berdasarkan produk dan jasa organized into operating segments based on
yang dikelola secara independen oleh masing- their products and services which are
masing pengelola segmen yang bertanggung independently managed by the respective
jawab atas kinerja dari masing-masing segment managers responsible for the
segmen. Para pengelola segmen melaporkan performance of the respective segments under
secara langsung kepada manajemen their charge. The segment managers report
Perusahaan yang secara teratur mengkaji laba directly to the management who regularly
segmen sebagai dasar untuk mengalokasikan review the segment results in order to allocate
sumber daya ke masing-masing segmen dan resources to the segments and to assess the
untuk menilai kinerja segmen. Pengungkapan segment performance. Additional disclosures
tambahan pada masing-masing segmen on each of these segments are shown in Note
terdapat dalam Catatan 44, termasuk faktor 44, including the factors used to identify the
yang digunakan untuk mengidentifikasi reportable segments and the measurement
segmen yang dilaporkan dan dasar basis of segment information.
pengukuran informasi segmen.
z. Provisi z. Provisions
Provisi diakui ketika Grup memiliki kewajiban Provisions are recognized when the Group has
kini (bersifat hukum dan/atau konstruktif) yang a present obligation, (legal and/or constructive)
diakibatkan oleh peristiwa di masa lalu, dan as a result of a past event, and it is probable
besar kemungkinannya arus keluar sumber that an outflow of resources embodying
daya yang mengandung manfaat ekonomis economic benefits will be required to settle the
akan diperlukan untuk menyelesaikan obligation and a reliable estimate can be made
kewajiban dan estimasi yang andal mengenai of the amount of the obligation.
jumlah kewajiban tersebut dapat dibuat.
Provisi ditelaah pada setiap tanggal pelaporan Provisions are reviewed at each reporting date
dan disesuaikan untuk mencerminkan estimasi and adjusted to reflect the current best
terbaik yang paling kini. Jika arus keluar estimate. If it is no longer probable that an
sumber daya untuk menyelesaikan kewajiban outflow of resources embodying economic
kemungkinan besar tidak terjadi, maka provisi benefits will be required to settle the obligation,
dibatalkan. the provision is reversed.
aa. Laba (rugi) per Saham aa. Earnings (loss) per Share
Laba (rugi) per saham dasar dihitung dengan Basic earnings (loss) per share amounts are
membagi laba (rugi) tahun berjalan yang dapat computed by dividing the profit (loss) for the
diatribusikan kepada pemilik entitas induk year attributable to owners of the parent entity
dengan jumlah rata-rata tertimbang saham by the weighted average number of ordinary
biasa yang beredar pada periode yang shares outstanding during the period after
bersangkutan setelah memperhitungkan giving effect to the bonus element from right
dampak elemen bonus dari penawaran umum issue.
terbatas dengan hak memesan efek terlebih
dahulu.
222 PT Medco Energi Internasional Tbk 2023 Annual Report
64
Page 225
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
aa. Laba (rugi) per Saham (lanjutan) aa. Earnings (loss) per Share (continued)
Laba (rugi) bersih per saham dilusian dihitung Diluted earnings (loss) per share is calculated
dengan membagi laba (rugi) tahun berjalan by dividing the profit (loss) for the year
yang dapat diatribusikan kepada pemilik modal attributable to ordinary equity holders of the
biasa atas entitas induk dengan jumlah rata- parent entity by the weighted average number
rata tertimbang saham biasa yang beredar of ordinary shares outstanding during the year
pada tahun berjalan ditambah dengan rata- plus the weighted average number of ordinary
rata tertimbang saham biasa yang akan shares that would be issued on conversion of
diterbitkan konversi semua instrumen all the dilutive potential ordinary shares into
berpotensi saham biasa yang bersifat dilutif ordinary shares.
dengan menjadi saham biasa.
bb. Biaya Pinjaman bb. Borrowing Costs
Biaya pinjaman yang dapat diatribusikan Borrowing costs that are directly attributable to
langsung dengan perolehan, pembangunan the acquisition, construction and production of
atau pembuatan aset kualifikasian a qualifying asset are capitalized as part of the
dikapitalisasi sebagai bagian biaya perolehan cost of the related assets. Otherwise,
aset tersebut. Biaya pinjaman lainnya diakui borrowing costs are recognized as expenses
sebagai beban pada saat terjadi. Biaya when incurred. Borrowing costs consist of
pinjaman terdiri dari biaya bunga dan biaya interests and other financing charges that the
lain yang ditanggung oleh Grup sehubungan Group incurs in connection with the borrowing
dengan peminjaman dana. of funds.
cc. Aset Dimiliki untuk Dijual dan Operasi yang cc. Assets Held for Sale and Discontinued
Dihentikan Operations
Aset Dimiliki untuk Dijual Assets Held for Sale
Aset tidak lancar diklasifikasikan sebagai Non-current assets are classified as held for
dimiliki untuk dijual jika nilai tercatatnya akan sale if their carrying amounts will be recovered
dipulihkan terutama melalui transaksi principally through a sale transaction rather
penjualan daripada melalui pemakaian than through continuing use.
berlanjut.
Dalam hal ini, aset harus berada dalam For this to be the case, the asset must be
keadaan dapat dijual dengan syarat-syarat available for immediate sale in its present
yang biasa dan umum untuk penjualan aset condition subject only to terms that are usual
tersebut dan penjualannya harus sangat and customary for sales of such assets and its
mungkin terjadi. sale must be highly probable.
Aset dimiliki untuk dijual diukur pada nilai yang Assets held for sale are measured at the lower
lebih rendah antara nilai tercatat dan nilai of their carrying amount and fair value less
wajar setelah dikurangi biaya untuk menjual. costs to sell.
Aset tetap dan aset tak berwujud tidak Property, plant and equipment and intangible
didepresiasi atau diamortisasi setelah assets are not depreciated or amortized once
diklasifikasikan sebagai dimiliki untuk dijual. classified as held for sale.
Aset dan liabilitas diklasifikasikan sebagai Assets and liabilities classified as held for sale
tersedia untuk dijual disajikan terpisah sebagai are presented separately as current items in
bagian lancar pada laporan posisi keuangan the consolidated statements of financial
konsolidasian. position.
2023 Annual Report PT Medco Energi Internasional Tbk 223
65
Page 226
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
cc. Aset Dimiliki untuk Dijual dan Operasi yang cc. Assets Held for Sale and Discontinued
Dihentikan (lanjutan) Operations (continued)
Operasi yang Dihentikan Discontinued Operations
Operasi yang dihentikan disajikan terpisah dari Discontinued operations are excluded from the
hasil usaha operasi yang dilanjutkan dan results of continuing operations and presented
disajikan sebagai suatu jumlah tunggal laba as a single amount as profit or loss after tax
atau rugi setelah pajak dari operasi yang from discontinued operations in the
dihentikan dalam laporan laba rugi dan consolidated statements of profit or loss and
penghasilan komprehensif lain konsolidasian. other comprehensive income. The
Informasi komparatif periode sebelumnya comparative prior period information are re-
diklasifikasikan kembali untuk menyelesaikan presented to align with such presentation.
dengan penyajian tersebut.
Pengungkapan tambahan disajikan pada Additional disclosures are provided in Note 39.
Catatan 39. Catatan laporan keuangan lainnya All other notes to the financial statements
terutama merupakan jumlah untuk operasi mainly include amounts for continuing
yang dilanjutkan, kecuali disebutkan lain. operations, unless otherwise mentioned.
dd. Peristiwa Setelah Periode Pelaporan dd. Events After Reporting Period
Peristiwa setelah akhir periode yang Post period events that provide additional
memberikan informasi tambahan tentang information about the Group’s position at end
posisi Grup pada akhir periode pelaporan of reporting period (adjusting events) are
(peristiwa penyesuaian) dicerminkan dalam reflected in the consolidated financial
laporan keuangan konsolidasian. Peristiwa statements. Post year-end events that are not
setelah akhir tahun yang tidak disesuaikan adjusting events are disclosed in the notes to
diungkapkan dalam catatan atas laporan consolidated financial statements when
keuangan konsolidasian jika material. material.
ee. Perubahan Kebijakan Akuntansi dan ee. Changes in Accounting Policies and
Pengungkapan Disclosures
Grup menerapkan pertama kali seluruh The Group made first time adoption of all the
standar baru dan/atau yang direvisi yang new and/or revised standards effective for the
berlaku efektif untuk periode yang dimulai periods beginning on or after January 1, 2023,
pada atau setelah 1 Januari 2023, termasuk including the following revised standards that
standar yang direvisi berikut ini yang have affected the consolidated financial
mempengaruhi laporan keuangan statements of the Group:
konsolidasian Grup:
224 PT Medco Energi Internasional Tbk 2023 Annual Report
66
Page 227
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
ee. Perubahan Kebijakan Akuntansi dan ee. Changes in Accounting Policies and
Pengungkapan (lanjutan) Disclosures (continued)
Amandemen PSAK 1: Penyajian laporan Amendment of PSAK 1: Presentation of
keuangan tentang Pengungkapan Kebijakan financial statement - Disclosure of Accounting
Akuntansi (sejak tanggal 1 Januari 2024 Policies (since January 1, 2024 referred to as
dirujuk sebagai PSAK 201) PSAK 201)
Amandemen ini memberikan panduan dan These amendments provide guidance and
contoh untuk membantu entitas menerapkan examples to help entities apply materiality
pertimbangan materialitas dalam judgements to accounting policy disclosures.
pengungkapan kebijakan akuntansi. The amendment aims to help entities provide
Amandemen tersebut bertujuan untuk accounting policy disclosures that are more
membantu entitas menyediakan useful by replacing the requirement for entities
pengungkapan kebijakan akuntansi yang lebih to disclose their ‘significant’ accounting
berguna dengan mengganti persyaratan untuk policies with a requirement to disclose their
mengungkapkan kebijakan akuntansi ‘material’ accounting policies and adding
'signifikan' entitas dengan persyaratan untuk guidance on how entities apply the concept of
mengungkapkan kebijakan akuntansi 'material' materiality in making decisions about
entitas dan menambahkan panduan tentang accounting policy disclosures.
bagaimana entitas menerapkan konsep
materialitas dalam membuat keputusan
tentang pengungkapan kebijakan akuntansi.
Amandemen tersebut berdampak pada The amendments have had an impact on the
pengungkapan kebijakan akuntansi Grup, Group’s disclosures of accounting policies, but
namun tidak berdampak pada pengukuran, not on the measurement, recognition or
pengakuan atau penyajian item apa pun dalam presentation of any items in the Group’s
laporan keuangan Grup. financial statements.
Amandemen PSAK 25: Kebijakan Akuntansi, Amendment of PSAK 25: Accounting Policies,
Perubahan Estimasi Akuntansi, dan Kesalahan Changes in Accounting Estimates and Errors -
terkait Definisi Estimasi Akuntansi (sejak Definition of Accounting Estimates (since
tanggal 1 Januari 2024 dirujuk sebagai PSAK January 1, 2024 referred to as PSAK 208)
208)
Amandemen PSAK 25 memperjelas The amendments to PSAK 25 clarify the
perbedaan antara perubahan estimasi distinction between changes in accounting
akuntansi, perubahan kebijakan akuntansi dan estimates, changes in accounting policies and
koreksi kesalahan. Amandemen juga the correction of errors. They also clarify how
mengklarifikasi bagaimana entitas entities use measurement techniques and
menggunakan teknik pengukuran dan input inputs to develop accounting estimates.
untuk mengembangkan estimasi akuntansi.
Amandemen ini tidak memiliki dampak The amendments had no impact on the
terhadap laporan keuangan konsolidasian Group’s consolidated financial statements.
Grup.
2023 Annual Report PT Medco Energi Internasional Tbk 225
67
Page 228
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
ee. Perubahan Kebijakan Akuntansi dan ee. Changes in Accounting Policies and
Pengungkapan (lanjutan) Disclosures (continued)
Amandemen PSAK 46: Pajak Penghasilan Amendment of PSAK 46: Income Taxes –
tentang Pajak Tangguhan Terkait Aset dan Deferred Tax related to Assets and Liabilities
Liabilitas yang Timbul Dari Transaksi Tunggal Arising from a Single Transaction (since
(sejak tanggal 1 Januari 2024 dirujuk sebagai January 1, 2024 referred to as PSAK 212)
PSAK 212)
Amandemen PSAK 46 Pajak Penghasilan The amendments to PSAK 46 Income Taxes
mempersempit ruang lingkup pengecualian narrow the scope of the initial recognition
pengakuan awal, sehingga tidak lagi berlaku exception, so that it no longer applies to
pada transaksi yang menimbulkan perbedaan transactions that give rise to equal taxable and
temporer dapat dikurangkan dalam jumlah deductible temporary differences such as
yang sama dan perbedaan temporer kena leases and decommissioning liabilities.
pajak dan seperti sewa dan liabilitas
dekomisioning.
Amandemen ini tidak mempunyai dampak The amendments had no impact on the
terhadap laporan keuangan konsolidasian Group’s consolidated financial statements.
Grup.
Amendemen PSAK 16: Aset Tetap - Hasil Amendments to PSAK 16: Fixed Assets -
sebelum Penggunaan yang Diintensikan Proceeds before Intended Use (since January
(sejak tanggal 1 Januari 2024 dirujuk sebagai 1, 2024 referred to as PSAK 216)
PSAK 216)
Amandemen ini tidak memperbolehkan entitas The amendments prohibit entities to deduct
untuk mengurangi suatu hasil penjualan item from the cost of an item of fixed assets, any
yang diproduksi saat membawa aset tersebut proceeds from selling items produced while
ke lokasi dan kondisi yang diperlukan supaya bringing that asset to the location and
aset dapat beroperasi sesuai dengan intensi condition necessary for it to be capable of
manajemen dari biaya perolehan suatu aset operating in the manner intended by
tetap. Sebaliknya, entitas mengakui hasil dari management. Instead, an entity recognizes the
penjualan item-item tersebut, dan biaya untuk proceeds from selling such items, and the
memproduksi item-item tersebut, dalam laba costs of producing those items, in the profit or
rugi. loss.
Grup menerapkan amandemen tersebut The Group applies the amendments
secara retrospektif hanya untuk aset tetap retrospectively only to items of fixed assets
yang dibuat supaya aset siap digunakan pada made available for use on or after the
atau setelah awal periode penyajian paling beginning of the earliest period presented
awal ketika entitas pertama kali menerapkan when the entity first applies the amendment.
amandemen tersebut.
Amandemen ini tidak berdampak pada laporan These amendments had no impact on the
keuangan konsolidasian Grup karena tidak consolidated financial statements of the Group
ada penjualan atas item-item yang dihasilkan as there were no sales of such items produced
aset tetap yang menjadi tersedia untuk by fixed assets made available for use on or
digunakan pada atau setelah awal periode after the beginning of the earliest period
sajian paling awal. presented.
226 PT Medco Energi Internasional Tbk 2023 Annual Report
68
Page 229
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
ee. Perubahan Kebijakan Akuntansi dan ee. Changes in Accounting Policies and
Pengungkapan (lanjutan) Disclosures (continued)
Amandemen PSAK 46: Pajak Penghasilan - Amendment of PSAK 46: Income Taxes -
Reformasi Pajak Internasional - Ketentuan International Tax Reform - Pillar Two Model
Model Pilar Dua (sejak tanggal 1 Januari 2024 Rules (since January 1, 2024 referred to as
dirujuk sebagai PSAK 212) PSAK 212)
Amandemen PSAK 46 ini diperkenalkan The amendments to PSAK 46 have been
sebagai tanggapan terhadap aturan Model introduced in response to the Pillar Two Rules,
Pilar Dua yang diterbitkan oleh Organisasi issued by Organization for Economic Co-
Kerjasama dan Pengembangan Ekonomi atau operation and Development (OECD), and
Organization for Economic Co-operation and include:
Development (OECD), dan mencakup:
• Pengecualian atas pengakuan dan • An exception to the recognition and
pengungkapan informasi mengenai aset disclosure of deferred taxes related to the
dan liabilitas pajak tangguhan terkait Pillar Two income taxes; and
dengan pajak penghasilan Pilar Dua; dan
• Persyaratan pengungkapan bagi entitas • Disclosure requirements for affected
yang terkena dampak untuk membantu entities to help users of the financial
pengguna laporan keuangan lebih statements better understand an entity’s
memahami eksposur entitas terhadap exposure to Pillar Two income taxes
pajak penghasilan Pilar Dua yang timbul arising from that legislation, particularly
dari undang-undang tersebut, terutama before its effective date.
sebelum tanggal berlakunya undang-
undang tersebut.
Pengecualian tersebut – yang penggunaannya The exception – the use of which is required to
harus diungkapkan – segera berlaku saat be disclosed – applies immediately upon the
penerbitan amandemen ini. Persyaratan issue of these amendments. The remaining
pengungkapan lainnya berlaku untuk periode disclosure requirements apply for annual
pelaporan tahunan yang dimulai pada atau reporting periods beginning on or after January
setelah 1 Januari 2023, namun tidak untuk 1, 2023, but not for any interim periods ending
periode interim yang berakhir pada atau on or before December 31, 2023.
sebelum 31 Desember 2023.
Pada tanggal 31 Desember 2023, Perundang- As of December 31, 2023, the Pillar Two
undangan terkait pajak penghasilan Pilar Dua income taxes legislation has not yet been
belum diberlakukan atau secara substantif enacted or has not yet substantively enacted
belum diberlakukan di Indonesia tempat Grup in Indonesia where the Group operates.
beroperasi. Oleh karena itu, Grup masih dalam Therefore, the Group is still in the process of
proses melakukan penilaian atas potensi assessing the potential exposure to Pillar Two
eksposur pajak penghasilan Pilar Dua. Potensi income taxes. The potential exposure, if any,
eksposur pajak penghasilan Pilar Dua, jika to Pillar Two income taxes is currently not
ada, saat ini tidak diketahui atau dapat known or reasonably estimable.
diperkirakan secara wajar.
2023 Annual Report PT Medco Energi Internasional Tbk 227
69
Page 230
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
3. PERTIMBANGAN, ESTIMASI DAN ASUMSI 3. SIGNIFICANT ACCOUNTING JUDGMENTS,
AKUNTANSI YANG SIGNIFIKAN ESTIMATES AND ASSUMPTIONS
Penyusunan laporan keuangan konsolidasian Grup The preparation of the Group’s consolidated
mengharuskan manajemen untuk membuat financial statements requires management to make
pertimbangan, estimasi dan asumsi yang judgments, estimates and assumptions that affect
mempengaruhi jumlah pendapatan, beban, aset the reported amounts of revenues, expenses,
dan liabilitas yang dilaporkan, dan pengungkapan assets and liabilities, and the disclosure of
atas liabilitas kontinjensi, pada tanggal pelaporan. contingent liabilities, at the reporting date.
Ketidakpastian mengenai estimasi dan asumsi Uncertainty about these estimates and assumptions
tersebut dapat mengakibatkan penyesuaian could result in outcomes that require a material
material terhadap nilai tercatat dari aset dan adjustment to the carrying amount of the asset or
liabilitas di masa yang akan datang. liability affected in the future.
Pertimbangan Judgments
Pertimbangan berikut ini dibuat oleh manajemen The following judgments are made by management
dalam rangka penerapan kebijakan akuntansi Grup in the process of applying the Group’s accounting
yang memiliki pengaruh paling signifikan atas policies that have the most significant effects on the
jumlah yang diakui dalam laporan keuangan amounts recognized in the consolidated financial
konsolidasian: statements:
Mengevaluasi dampak periode opsi pada masa Evaluating the impact of option periods on lease
sewa - Grup sebagai penyewa terms - Group as lessee
Grup menentukan masa sewa sebagai periode The Group determines the lease term as the non-
sewa yang tidak dapat dibatalkan, dan juga periode cancellable term of the lease, together with any
yang dicakup oleh opsi untuk memperpanjang sewa periods covered by an option to extend the lease if
jika opsi cukup pasti untuk dieksekusi, atau periode it is reasonably certain to be exercised, or any
yang dicakup oleh opsi untuk menghentikan sewa periods covered by an option to terminate the lease,
jika opsi cukup pasti untuk tidak dieksekusi. if it is reasonably certain not to be exercised.
Untuk kontrak sewa yang memiliki opsi For any contracts with include extension and
perpanjangan dan penghentian, Grup menerapkan termination options, the Group applies judgment in
pertimbangan dalam mengevaluasi apakah cukup evaluating whether it is reasonably certain whether
pasti untuk mengeksekusi opsi perpanjangan atau or not to exercise the option to renew or terminate
penghentian sewa. Dengan kata lain, Grup the lease. That is, it considers all relevant factors
mempertimbangkan semua faktor relevan yang that create an economic incentive for it to exercise
menciptakan insentif ekonomi untuk melakukan either the renewal or termination. After the
perpanjangan atau penghentian. Setelah tanggal commencement date, the Group reassesses the
permulaan, Grup menilai ulang masa sewa jika lease term if there is a significant event or change
terdapat peristiwa atau perubahan signifikan dalam in circumstances that is within its control and affects
kondisi yang berada dalam pengendalian Grup dan its ability to exercise or not to exercise the option to
mempengaruhi kemampuan untuk mengeksekusi renew or to terminate. Further explanation are
atau untuk tidak mengeksekusi opsi perpanjangan provided in Note 24.
atau penghentian. Penjelasan lebih lanjut
diungkapkan pada Catatan 24.
Evaluasi atas subsewa Evaluation of sublease
Dalam mengimplementasikan dan menerapkan In implementing and applying PSAK 73 (since
PSAK 73 (sejak tanggal 1 Januari 2024 dirujuk January 1, 2024 referred to as PSAK 116), the
sebagai PSAK 116), membedakan antara operator matter of distinguishing between operators and joint
dan operasi bersama sebagai penyewa, termasuk operations as lessees, including sublease
pertimbangan adanya subsewa, merupakan hal considerations, has been deemed critical. It
yang sangat penting. Hal ini melibatkan tingkat involves a considerable degree of judgment with
pertimbangan yang cukup besar dengan dampak significant impact for the lease-related amounts
signifikan untuk jumlah sewa yang diakui sebagai recognized as assets and liabilities.
aset dan liabilitas.
228 PT Medco Energi Internasional Tbk 2023 Annual Report
70
Page 231
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
3. PERTIMBANGAN, ESTIMASI DAN ASUMSI 3. SIGNIFICANT ACCOUNTING JUDGMENTS,
AKUNTANSI YANG SIGNIFIKAN (lanjutan) ESTIMATES AND ASSUMPTIONS (continued)
Pertimbangan (lanjutan) Judgments (continued)
Pajak Penghasilan Income Tax
Pertimbangan signifikan dilakukan dalam Significant judgment is involved in determining the
menentukan provisi atas pajak penghasilan badan. provision for corporate income tax. There are
Terdapat transaksi dan perhitungan tertentu yang certain transactions and computations for which the
penentuan pajak akhirnya tidak dapat ditentukan ultimate tax determination is uncertain in the
secara pasti dalam kegiatan usaha normal. Grup ordinary course of business. The Group recognizes
mengakui liabilitas atas pajak penghasilan badan liabilities for corporate income tax based on
berdasarkan estimasi apakah akan terdapat estimation of whether additional corporate income
tambahan pajak penghasilan badan yang akan tax will be due.
terutang.
Berdasarkan peraturan perpajakan yang berlaku Based on the tax regulations currently enacted, the
saat ini, manajemen mempertimbangkan apakah management judged if the amounts recorded under
jumlah yang tercatat dalam akun di atas dapat the above account are recoverable and refundable
dipulihkan dan direstitusi oleh Kantor Pajak. Nilai by the Tax Office. The carrying amount of the
tercatat atas tagihan dan keberatan/banding atas Group’s claims for tax refund and tax assessments
hasil pemeriksaan pajak Grup pada tanggal 31 under objection/appeal as of December 31, 2023
Desember 2023 dan 2022 adalah masing-masing and 2022 amounting to US$4,244,792 and
sebesar AS$4.244.792 dan AS$5.248.511. US$5,248,511, respectively. Further explanations
Penjelasan lebih lanjut atas akun ini akan diberikan regarding this account are provided in Note 11.
pada Catatan 11.
Klasifikasi Aset dan Liabilitas Keuangan Classification of Financial Assets and Liabilities
Untuk menentukan kategori klasifikasi dan To determine the financial instruments classification
pengukuran instrumen keuangan, PSAK 71 (sejak and measurement category, PSAK 71 (since
tanggal 1 Januari 2024 dirujuk sebagai PSAK 109) January 1, 2024 referred to as PSAK 109) requires
mengharuskan semua aset keuangan, kecuali all financial assets, except equity instruments and
instrumen ekuitas dan derivatif, untuk dievaluasi derivatives, to be assessed based on a combination
berdasarkan kombinasi dari model bisnis entitas of the entity’s business model for managing the
untuk mengelola aset dan karakteristik arus kas assets and the instruments’ contractual cash flow
kontraktual instrumen. Klasifikasi instrumen characteristics. The classification of financial
keuangan pada saat pengakuan awal tergantung instruments at initial recognition depends on their
pada perjanjian kontraktual dan model bisnis untuk contractual terms and the business model for
mengelola instrumen tersebut. managing the instruments.
Grup menentukan model bisnis tersebut The Group determines its business model at the
menggunakan tingkat yang terbaik yang level that best reflects how it manages groups of
mencerminkan bagaimana perusahaan mengatur financial assets to achieve its business objective,
aset keuangan untuk mencapai tujuan bisnisnya, such that the risks that affect the performance of
hal tersebut mempengaruhi kinerja model bisnisnya the business model (and the financial assets held
(dan aset keuangan yang dikelola oleh model within that business model) and, in particular, the
bisnis) dan secara khusus, bagaimana resiko way those risks are managed. As a second step of
tersebut dikelola. Sebagai langkah selanjutnya dari its classification process, the Group assesses the
proses klasifikasi, Grup mengevaluasi perjanjian contractual terms of the financial asset to identify
kontraktual aset keuangan untuk menentukan whether they meet the SPPI test.
apakah mereka memenuhi persyaratan tes SPPI.
Klasifikasi aset dan liabilitas keuangan diungkapkan The classification of the financial assets and
pada Catatan 2s. liabilities are disclosed in Note 2s.
2023 Annual Report PT Medco Energi Internasional Tbk 229
71
Page 232
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
3. PERTIMBANGAN, ESTIMASI DAN ASUMSI 3. SIGNIFICANT ACCOUNTING JUDGMENTS,
AKUNTANSI YANG SIGNIFIKAN (lanjutan) ESTIMATES AND ASSUMPTIONS (continued)
Pertimbangan (lanjutan) Judgments (continued)
Pengaturan Bersama Joint Arrangements
Pertimbangan diperlukan untuk menentukan kapan Judgment is required to determine when the Group
Grup memiliki pengendalian bersama terhadap has joint control over an arrangement, which
sebuah pengaturan, yang memerlukan penilaian requires an assessment of the relevant activities
dari aktivitas yang relevan dan apabila keputusan and when the decisions in relation to those activities
sehubungan dengan aktivitas tersebut require unanimous consent.
mengharuskan persetujuan dengan suara bulat.
Grup menetapkan bahwa aktivitas relevan bagi The Group has determined that the relevant
Grup untuk pengaturan bersama adalah aktivitas activities for its joint arrangements are those
yang berhubungan dengan keputusan keuangan, relating to the financial, operational and capital
operasional dan modal dari pengaturan tersebut. decisions of the arrangement. The considerations
Pertimbangan-pertimbangan yang dibuat dalam made in determining joint control are similar to
menentukan pengendalian bersama adalah sama those necessary to determine control over
dengan penentuan pengendalian atas entitas anak. subsidiaries.
Pertimbangan juga diperlukan untuk menentukan Judgment is also required to classify a joint
klasifikasi suatu pengaturan bersama. arrangement. Classifying the arrangement requires
Pengklasifikasian tersebut mengharuskan Grup the Group to assess their rights and obligations
menilai hak dan kewajibannya yang timbul dari arising from the arrangement. Specifically, the
pengaturan bersama. Secara khusus, Grup Group considers:
mempertimbangkan:
• Struktur pengaturan bersama - apakah dibentuk • The structure of the joint arrangement - whether
melalui kendaraan terpisah; it is structured through a separate vehicle;
• Ketika pengaturan bersama dibentuk melalui • When the arrangement is structured through a
kendaraan terpisah, Grup juga separate vehicle, the Group also considers the
mempertimbangkan hak dan kewajiban para rights and obligations arising from:
pihak yang timbul dari: - The legal form of the separate vehicle;
- Bentuk hukum dari kendaraan terpisah; - The terms of the contractual arrangement;
- Persyaratan pengaturan kontraktual; dan and
- Other relevant facts and circumstances.
- Fakta dan keadaan lainnya, jika relevan.
Penilaian tersebut sering memerlukan This assessment often requires significant
pertimbangan yang signifikan. Kesimpulan yang judgment. A different conclusion about both joint
berbeda baik atas kesimpulan mengenai control and whether the arrangement is a joint
pengendalian bersama dan apakah suatu operation or a joint venture, may materially impact
pengaturan adalah sebuah operasi bersama atau the accounting treatment.
ventura bersama, dapat secara material
mempengaruhi perlakuan akuntansinya.
230 PT Medco Energi Internasional Tbk 2023 Annual Report
72
Page 233
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
3. PERTIMBANGAN, ESTIMASI DAN ASUMSI 3. SIGNIFICANT ACCOUNTING JUDGMENTS,
AKUNTANSI YANG SIGNIFIKAN (lanjutan) ESTIMATES AND ASSUMPTIONS (continued)
Pertimbangan (lanjutan) Judgments (continued)
Penilaian Perjanjian Kontraktual Contractual Arrangement Assessment
Manajemen menggunakan pertimbangannya dalam The management exercises its judgment in
menentukan apakah perjanjian kontraktual dengan determining whether or not the contractual
PT Perusahaan Listrik Negara (Persero) (“PLN”), arrangements with PT Perusahaan Listrik Negara
PT PLN Batam, PT PLN (Persero) Wilayah (Persero) (“PLN”), PT PLN Batam, PT PLN
Sumatera Selatan, Jambi dan Bengkulu (“PLN (Persero) Wilayah Sumatera Selatan, Jambi dan
WS2JB”) dan PT Perusahaan Listrik Negara Bengkulu (“PLN WS2JB”) and PT Perusahaan
Distribusi Jawa Barat (“PLNDJB”) termasuk dalam Listrik Negara Distribusi Jawa Barat (“PLNDJB”) fall
ruang lingkup ISAK 16, “Perjanjian Konsesi within the scope of ISAK 16, “Service Concession
Jasa” (sejak tanggal 1 Januari 2024 dirujuk sebagai Arrangements” (since January 1, 2024 referred to
ISAK 112). Berdasarkan evaluasi manajemen as ISAK 112). Based on management’s evaluation
terhadap syarat dan ketentuan perjanjian, of the terms of the arrangement, it determines that
diputuskan bahwa suatu perjanjian termasuk dalam the arrangement is within the scope of ISAK 16
ruang lingkup ISAK 16 (sejak tanggal 1 Januari (since January 1, 2024 referred to as ISAK 112) if it
2024 dirujuk sebagai ISAK 112) jika memenuhi meets the control criteria set out in ISAK 16 (since
kriteria pengendalian dalam ISAK 16 (sejak tanggal January 1, 2024 referred to as ISAK 112) as
1 Januari 2024 dirujuk sebagai ISAK 112) sebagai follows:
berikut:
• Pemberi konsesi mengendalikan atau • The grantor controls or regulates what services
meregulasi jasa apa yang harus diberikan oleh the operator must provide with the
operator dengan infrastruktur, kepada siapa infrastructure, to whom it must provide them,
jasa harus diberikan dan berapa harganya; dan and at what price; and
• Pemberi konsesi mengendalikan - melalui
kepemilikan, hak manfaat, atau bentuk lain - • The grantor controls - through ownership,
atas setiap kepentingan residu signifikan dalam beneficial entitlement or otherwise-any
infrastruktur pada akhir masa perjanjian. significant residual interest in the infrastructure
at the end of the term of the arrangement.
Dasar bagi Grup untuk mengakui konsesi aset The basis for the Group to recognize concession
keuangan telah disajikan pada Catatan 2l. financial assets has been disclosed in Note 2l.
Jika perjanjian tidak termasuk dalam ruang lingkup If the arrangement does not fall within ISAK 16
ISAK 16 (sejak tanggal 1 Januari 2024 dirujuk (since January 1, 2024 referred to as ISAK 112),
sebagai ISAK 112), manajemen menggunakan the management also exercises its judgment in
pertimbangannya dalam menentukan apakah determining if the arrangement contains a lease
perjanjian mengandung suatu sewa dan lebih lanjut and further determines the classification of the
menentukan klasifikasi dari sewa tersebut. lease. Based on such evaluation, the management
Berdasarkan evaluasi, manajemen telah has determined that the arrangement with PLN
menentukan bahwa perjanjian dengan PLN tidak does not fall within the scope of ISAK 16 (since
termasuk dalam ruang lingkup ISAK 16 (sejak January 1, 2024 referred to as ISAK 112) as the
tanggal 1 Januari 2024 dirujuk sebagai ISAK 112) fulfillment of the arrangement is dependent on the
karena pemenuhan perjanjian bergantung pada use of a specific asset or assets (the asset) and the
penggunaan satu atau beberapa aset spesifik dan arrangement conveys a right to use the asset. The
perjanjian tersebut memberikan suatu hak untuk management classifies the lease as finance lease if
menggunakan aset tersebut. Manajemen based on management’s evaluation, the term of the
mengklasifikasikan sewa sebagai sewa arrangement constitutes a substantial portion of the
pembiayaan karena berdasarkan evaluasi economic life of the asset, and at the inception of
manajemen, syarat perjanjian mencakup sebagian the lease, the present value of the minimum lease
besar umur ekonomi aset dan pada awal sewa, nilai payments amounts to substantially the fair value of
kini dari jumlah pembayaran sewa minimum secara the leased assets.
substansial mendekati nilai wajar aset sewaan.
2023 Annual Report PT Medco Energi Internasional Tbk 231
73
Page 234
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
3. PERTIMBANGAN, ESTIMASI DAN ASUMSI 3. SIGNIFICANT ACCOUNTING JUDGMENTS,
AKUNTANSI YANG SIGNIFIKAN (lanjutan) ESTIMATES AND ASSUMPTIONS (continued)
Estimasi dan Asumsi Estimates and Assumptions
Asumsi utama masa depan dan sumber utama The key assumptions concerning the future and
ketidakpastian estimasi lain pada tanggal pelaporan other key sources of estimation uncertainty at the
yang memiliki risiko signifikan yang mungkin reporting date that have a significant risk of causing
mengakibatkan penyesuaian yang material a material adjustment to the carrying amounts of
terhadap nilai tercatat aset dan liabilitas untuk assets and liabilities within the next financial period
periode berikutnya diungkapkan di bawah ini. Grup are disclosed below. The Group based its estimates
mendasarkan estimasi dan asumsi pada parameter and assumptions on parameters available when the
yang tersedia pada saat laporan keuangan consolidated financial statements were prepared.
konsolidasian disusun. Asumsi dan situasi Existing circumstances and assumptions about
mengenai perkembangan masa depan tersebut future developments may change due to market
mungkin berubah akibat perubahan pasar atau changes or circumstances arising beyond the
situasi yang timbul di luar kendali Grup. Perubahan control of the Group. Such changes in the
asumsi tersebut tercermin ketika terjadi. assumptions are reflected when they occur.
Alokasi Biaya Perolehan dan Penurunan Nilai Purchase Price Allocation and Goodwill Impairment
Goodwill
Akuntansi akuisisi mengharuskan penggunaan Acquisition accounting requires extensive use of
estimasi akuntansi secara ekstensif dalam accounting estimates to allocate the purchase price
mengalokasikan biaya perolehan ke nilai pasar to the reliable fair market values of the assets and
wajar yang andal atas aset dan liabilitas yang liabilities purchased, including intangible assets.
diakuisisi, termasuk aset tak berwujud. Sesuai Under PSAK 22 (since January 1, 2024 referred to
PSAK 22 (sejak tanggal 1 Januari 2024 dirujuk as PSAK 103), goodwill is not amortized and is
sebagai PSAK 103), goodwill tidak diamortisasi dan subject to an annual impairment testing. Further
diuji untuk penurunan nilai setiap tahun. Penjelasan details are disclosed in Notes 19 and 48.
lebih lanjut diungkapkan pada Catatan 19 dan 48.
Provisi kerugian kredit ekspektasian atas piutang Provision for expected credit losses of trade
usaha receivables
Grup menerapkan pendekatan yang The Group applies a simplified approach to
disederhanakan untuk mengukur kerugian kredit measure expected credit losses which uses a
ekspektasian yang menggunakan cadangan lifetime expected loss allowance for all trade and
kerugian kredit ekspektasian seumur hidup untuk non-trade receivables. In determining expected
seluruh piutang usaha. Dalam penentuan kerugian credit losses, management is required to exercise
kredit ekspektasian, manajemen diharuskan untuk judgment in defining what is considered to be a
menggunakan pertimbangan dalam mendefinisikan significant increase in credit risk and in making
apa yang dianggap sebagai kenaikan risiko kredit assumptions and estimates to incorporate relevant
yang signifikan dan dalam pembuatan asumsi dan information about past events, current conditions
estimasi, untuk menghubungkan informasi yang and forecasts of economic conditions. Judgment
relevan tentang kejadian masa lalu, kondisi terkini has been applied in determining the lifetime and
dan perkiraan atas kondisi ekonomi. Pertimbangan point of initial recognition of receivables.
diaplikasikan dalam menentukan periode seumur
hidup dan titik pengakuan awal piutang.
232 PT Medco Energi Internasional Tbk 2023 Annual Report
74
Page 235
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
3. PERTIMBANGAN, ESTIMASI DAN ASUMSI 3. SIGNIFICANT ACCOUNTING JUDGMENTS,
AKUNTANSI YANG SIGNIFIKAN (lanjutan) ESTIMATES AND ASSUMPTIONS (continued)
Estimasi dan Asumsi (lanjutan) Estimates and Assumptions (continued)
Provisi kerugian kredit ekspektasian atas piutang Provision for expected credit losses of trade
usaha (lanjutan) receivables (continued)
Tingkat provisi yang spesifik dievaluasi oleh The level of a specific provision is evaluated by
manajemen dengan dasar faktor-faktor yang management on the basis of factors that affect the
memengaruhi tingkat tertagihnya piutang tersebut. collectibility of the accounts. In these cases, the
Dalam kasus ini, Grup menggunakan pertimbangan Group uses judgment based on the best available
berdasarkan fakta dan kondisi terbaik yang tersedia facts and circumstances, including but not limited to
meliputi tetapi tidak terbatas pada jangka waktu the length of the Group’s relationship with the
hubungan Grup dengan pelanggan dan status customers and the customer’s credit status based
kredit pelanggan berdasarkan laporan dari pihak on third-party credit rating reports and known
ketiga dan faktor-faktor pasar yang telah diketahui, market factors, to record specific reserves for
untuk mencatat pencadangan spesifik untuk customers against amounts due in order to reduce
pelanggan terhadap jumlah jatuh tempo untuk the Group’s receivables to amounts that it expects
mengurangi piutang Grup menjadi jumlah yang to collect. When there is no such available credit
diharapkan tertagih. Ketika tidak ada informasi rating information, using the lowest investment
peringkat kredit yang tersedia, menggunakan grade credit rating is the best estimate for the
peringkat kredit investasi terendah adalah estimasi Group with keeping the historical transactions
terbaik bagi Grup dengan menjaga transaksi between the Group and borrowers.
historis antara Grup dan peminjam.
Penjelasan lebih lanjut mengenai Grup ECL terkait The information about the ECLs on the Group’s
piutang usaha dan piutang lain-lain diungkapkan trade receivables and other receivables are
masing-masing dalam Catatan 6 dan 7. disclosed in Notes 6 and 7, respectively.
Penurunan Nilai Aset Non-Keuangan Impairment of Non-Financial Assets
Grup mengevaluasi apakah terdapat indikator The Group assesses whether there are any
penurunan nilai untuk semua aset non-keuangan indicators of impairment for all non-financial assets
(kecuali goodwill, yang dievaluasi secara tahunan (except goodwill, which is assessed annually
tanpa memperhitungkan ada tidaknya indikator) regardless of indicators) at each reporting date.
pada setiap tanggal pelaporan. Ketika terdapat When an indicator of impairment exists, a formal
indikator penurunan nilai, estimasi formal atas estimate of the recoverable amount is made, which
jumlah terpulihkan dilakukan, yang merupakan considered to be the higher of the fair value less
jumlah yang lebih tinggi antara nilai wajarnya cost to sell and value in use.
dikurangi biaya pelepasan dengan nilai pakainya.
Penilaian tersebut memerlukan penggunaan The assessments require the use of estimates and
estimasi dan asumsi seperti harga minyak jangka assumptions such as long-term oil prices, discount
panjang, tingkat diskonto, biaya operasional, rates, operating costs, future capital requirements,
kebutuhan modal masa depan, biaya penutupan, decommissioning costs, exploration potential,
potensi eksplorasi, cadangan dan kinerja reserves and operating performance (which
operasional (termasuk volume produksi dan includes production and sales volumes). These
penjualan). Estimasi dan asumsi ini terpengaruh estimates and assumptions are subject to risk and
oleh risiko dan ketidakpastian. Karenanya, terdapat uncertainty. Therefore, there is possibility that
kemungkinan bahwa perubahan keadaan dapat changes in circumstances will impact these
mempengaruhi proyeksi tersebut, yang akan projections, which may impact the recoverable
berpengaruh terhadap jumlah terpulihkan. amount.
Asumsi-asumsi utama yang digunakan untuk The key assumptions used to determine the
menentukan jumlah terpulihkan untuk beberapa recoverable amount for the different Cash
Unit Penghasil Kas diungkapkan pada Catatan 18. Generating Units are disclosed in Note 18.
2023 Annual Report PT Medco Energi Internasional Tbk 233
75
Page 236
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
3. PERTIMBANGAN, ESTIMASI DAN ASUMSI 3. SIGNIFICANT ACCOUNTING JUDGMENTS,
AKUNTANSI YANG SIGNIFIKAN (lanjutan) ESTIMATES AND ASSUMPTIONS (continued)
Estimasi dan Asumsi (lanjutan) Estimates and Assumptions (continued)
Menentukan suku bunga pinjaman inkremental Determining the incremental borrowing rate to be
yang digunakan sebagai tingkat diskonto used as discount factor
Dalam menentukan liabilitas sewa Grup, suku In determining the Group’s lease liabilities, the
bunga pinjaman inkremental yang digunakan incremental borrowing rates used as discount
sebagai tingkat diskonto dalam mendiskontokan factors in discounting lease payments have been
pembayaran sewa ditetapkan berdasarkan established based on a consistent approach
pendekatan yang secara konsisten yang reflecting the Group’s borrowing rate, the currency
mencerminkan tingkat pinjaman Grup, mata uang of the liabilities, the duration of the lease term, and
liabilitas, masa sewa, dan rentang kredit untuk the credit spread for the legal entity entering into
badan hukum yang bersepakat dalam kontrak the lease contract.
sewa.
Imbalan Pensiun dan Imbalan Pasca Kerja Lainnya Pension and Other Post-Employment Benefits
Penentuan kewajiban dan biaya pensiun dan The determination of the Group’s obligations and
imbalan pasca kerja lainnya Grup bergantung pada cost for pension and other post-employment
pemilihan asumsi yang digunakan oleh aktuaris benefits is dependent on the assumptions used by
independen. Asumsi tersebut meliputi tingkat the independent actuaries. These assumptions
diskonto, tingkat kenaikan gaji tahunan, tingkat include discount rates, future annual salary
pengunduran diri karyawan tahunan, tingkat increases, annual employee turn-over rate,
kecacatan, umur pensiun dan tingkat kematian. disability rate, retirement age and mortality rate.
Grup berkeyakinan bahwa asumsi tersebut adalah While the Group believes that its assumptions are
wajar dan sesuai, namun dikarenakan sifat jangka reasonable and appropriate, due to the long-term
panjang dari liabilitas ini, estimasi tersebut adalah nature of these obligations, such estimates are
subyek dari ketidakpastian yang signifikan. subject to significant uncertainty. Further details of
Penjelasan lebih rinci diungkapkan dalam Catatan the Group’s long-term employee benefit liabilities
42. are disclosed in Note 42.
Aset Eksplorasi dan Evaluasi Exploration and Evaluation Assets
Penerapan kebijakan akuntansi Grup untuk The application of the Group’s accounting policy for
pengeluaran eksplorasi dan evaluasi memerlukan exploration and evaluation expenditure requires
pertimbangan untuk menentukan apakah manfaat judgment to determine whether future economic
ekonomis masa depan mungkin diperoleh dari benefits are likely from future either exploitation or
eksploitasi atau penjualan di masa depan, atau sale, or whether activities have not reached a stage
apakah aktivitas belum mencapai tahap yang which permits a reasonable assessment of the
memungkinkan untuk melakukan evaluasi yang existence of reserves. The determination of
andal atas keberadaan cadangan. Penentuan reserves and resources is an estimation process
cadangan dan sumber daya merupakan proses that involves varying degrees of uncertainty
estimasi yang melibatkan berbagai tingkat depending on how the resources are classified.
ketidakpastian tergantung bagaimana sumber daya These estimates directly impact when the Group
diklasifikasikan. Estimasi ini mempengaruhi secara defers exploration and evaluation expenditure. The
langsung kapan Grup akan menangguhkan deferral policy requires management to make
pengeluaran eksplorasi dan evaluasi. Manajemen certain estimates and assumptions about future
perlu membuat estimasi tertentu atas kejadian dan events and circumstances, in particular, whether an
kondisi di masa depan dalam menerapkan economically viable extraction operation can be
kebijakan penangguhan ini, secara khusus, apakah established. Any such estimates and assumptions
kegiatan ekstraktif yang layak dan ekonomis dapat may change as new information becomes available.
diperoleh. Estimasi dan asumsi tersebut dapat If, after expenditure is capitalized, information
berubah pada saat informasi baru diperoleh. Jika, becomes available suggesting that the recovery of
setelah pengeluaran dikapitalisasi, informasi the expenditure is unlikely, the relevant capitalized
tersedia menunjukkan bahwa pemulihan amount is written off in the period when the new
pengeluaran tersebut tidak lagi mungkin, jumlah information becomes available.
yang dikapitalisasi tersebut dihapus pada periode di
mana informasi baru tersebut tersedia.
234 PT Medco Energi Internasional Tbk 2023 Annual Report
76
Page 237
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
3. PERTIMBANGAN, ESTIMASI DAN ASUMSI 3. SIGNIFICANT ACCOUNTING JUDGMENTS,
AKUNTANSI YANG SIGNIFIKAN (lanjutan) ESTIMATES AND ASSUMPTIONS (continued)
Estimasi dan Asumsi (lanjutan) Estimates and Assumptions (continued)
Aset Pajak Tangguhan Deferred Tax Assets
Aset pajak tangguhan diakui atas seluruh rugi fiskal Deferred tax assets are recognized for all unused
dan beda temporer yang dapat dikurangkan yang tax losses and deductable temporary difference to
belum digunakan sepanjang besar the extent that it is probable that taxable profit will
kemungkinannya bahwa penghasilan kena pajak be available against which the tax losses and
akan tersedia sehingga rugi fiskal tersebut dan deductible temporary difference can be utilized.
beda temporer yang dapat dikurangkan dapat Significant estimation by management are required
digunakan. Estimasi signifikan oleh manajemen to determine the amount of deferred tax assets that
diperlukan dalam menentukan jumlah aset pajak can be recognized, based upon the likely timing and
tangguhan yang dapat diakui, berdasarkan saat the level of future taxable profits, together with
penggunaan dan tingkat penghasilan kena pajak future tax planning strategies.
disertai dengan strategi perencanaan pajak masa
depan.
Pada tanggal 31 Desember 2023 dan 2022, Grup As of December 31, 2023 and 2022, the Group has
memiliki aset pajak tangguhan yang tidak diakui. deferred tax assets that have not been recognized.
Penjelasan lebih rinci diungkapkan dalam Catatan Further details are disclosed in Note 38.
38.
Penyisihan Penurunan Nilai dan Keusangan Allowance for Decline in Value and Obsolescence
Persediaan of Inventories
Penyisihan penurunan nilai dan keusangan Allowance for decline in value and obsolescence of
persediaan diestimasi berdasarkan fakta dan inventories is estimated based on the best available
keadaan terbaik yang tersedia, termasuk namun facts and circumstances, including but not limited
tidak terbatas kepada kondisi fisik persediaan yang to, the inventories’ own physical conditions, their
dimiliki, harga jual pasar, estimasi biaya market selling prices, estimated costs of completion
penyelesaian dan estimasi biaya yang timbul untuk and estimated costs to sell. The provisions are re-
penjualan. Provisi dievaluasi kembali dan evaluated and adjusted as additional information
disesuaikan jika terdapat tambahan informasi yang received affects the amount estimated. Further
mempengaruhi jumlah yang diestimasi. Penjelasan details are disclosed in Note 10.
lebih rinci diungkapkan dalam Catatan 10.
Liabilitas Pembongkaran Aset dan Restorasi Area Asset Abandonment and Site Restoration
Obligations
Grup mengakui provisi untuk liabilitas The Group has recognized provision for asset
pembongkaran aset dan restorasi area terkait abandonment and site restoration obligations
dengan sumur minyak dan gas bumi, fasilitas dan associated with its oil and gas wells, facilities and
infrastruktur terkait. Dalam menentukan nilai provisi, infrastructures. In determining the amount of the
asumsi dan estimasi yang diperlukan adalah tingkat provision, assumptions and estimations are
diskonto dan biaya yang diharapkan untuk required in relation to discount rates and the
membongkar dan memindahkan semua peralatan expected cost to dismantle and remove all the
dari daerah pengeboran dan restorasi area. structures from the site and restore the site. Further
Penjelasan lebih rinci diungkapkan dalam details are disclosed in Note 51.
Catatan 51.
2023 Annual Report PT Medco Energi Internasional Tbk 235
77
Page 238
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
3. PERTIMBANGAN, ESTIMASI DAN ASUMSI 3. SIGNIFICANT ACCOUNTING JUDGMENTS,
AKUNTANSI YANG SIGNIFIKAN (lanjutan) ESTIMATES AND ASSUMPTIONS (continued)
Estimasi dan Asumsi (lanjutan) Estimates and Assumptions (continued)
Estimasi Cadangan Reserve Estimates
Cadangan minyak dan gas bumi terbukti adalah Proved oil and gas reserves are the estimated
perkiraan jumlah minyak mentah dan gas alam quantities of crude oil and natural gas which
yang berdasarkan data geologis dan teknis dapat geological and engineering data demonstrate with
diambil dengan tingkat kepastian yang memadai di reasonable certainty to be recoverable in future
tahun-tahun mendatang dari cadangan yang ada years from known reservoirs under existing
berdasarkan kondisi ekonomi dan operasi yang economic and operating conditions, for example
sekarang ada, misalnya terkait dengan harga dan price and cost on the date the estimate was made.
biaya pada tanggal estimasi tersebut dibuat. Proved reserves include:
Cadangan terbukti meliputi:
(i) cadangan terbukti dikembangkan: jumlah (i) proved developed reserves: amounts of
hidrokarbon yang diharapkan akan diambil hydrocarbons that are expected to be
melalui metode sumur, fasilitas, dan operasi retrieved through existing wells, facilities and
yang sekarang ada; dan operating methods; and
(ii) cadangan terbukti yang belum dikembangkan: (ii) undeveloped proved reserves: amounts of
jumlah hidrokarbon yang diharapkan dapat hydrocarbons that are expected to be
diambil setelah adanya pengeboran, fasilitas retrieved following new drilling, facilities and
dan metode operasi baru. operating methods.
Akurasi dari cadangan terbukti tergantung pada The accuracy of proved reserve estimates depends
sejumlah faktor, asumsi dan variabel seperti: on a number of factors, assumptions and variables
kualitas data geologi, teknis dan ekonomi yang such as: the quality of available geological,
tersedia beserta interpretasi dan pertimbangan technical and economic data available along with
terkait, hasil pengeboran, pengujian dan produksi related interpretation and judgment, results of
setelah tanggal estimasi, kinerja produksi reservoir, drilling, testing and production after the date of the
teknik produksi, proyeksi tingkat produksi di masa estimates, the production performance of the
mendatang, estimasi besaran biaya dan waktu reservoirs, production techniques, projecting future
terjadinya pengeluaran pengembangan, rates of production, the anticipated cost and timing
ketersediaan pasar komersial, harga komoditi yang of development expenditures, the availability for
diharapkan dan nilai tukar. commercial market, anticipated commodity prices
and exchange rates.
Karena asumsi ekonomis yang digunakan untuk As the economic assumptions used to estimate
mengestimasi cadangan berubah dari waktu ke reserves change from year to year, and additional
waktu dan tambahan data geologi yang dihasilkan geological data are generated during the course of
selama operasi, estimasi cadangan dapat berubah operations, estimates of reserves may change from
dari waktu ke waktu. Perubahan cadangan yang year to year. Changes in reported reserves may
dilaporkan dapat mempengaruhi hasil dan posisi affect the Group’s financial results and financial
keuangan Grup dalam berbagai cara, diantaranya: position in a number of ways, including:
- Penyusutan dan amortisasi yang ditentukan - Depreciation and amortization which are
berdasarkan unit produksi, atau jika masa determined on a unit of production basis, or where
manfaat ekonomi sumur aset berubah. the useful economic lives of assets change.
- Provisi biaya pembongkaran, restorasi lokasi aset - Decommissioning, site restoration and
dan hal-hal yang berkaitan dengan lingkungan environmental provision may change where
dapat berubah apabila terjadi perubahan dalam changes in estimated reserves that affect
perkiraan cadangan yang mempengaruhi expectations about the timing or cost of these
ekspektasi tentang waktu atau biaya kegiatan ini. activities.
- Nilai tercatat aset/liabilitas pajak tangguhan dapat - The carrying value of deferred tax assets/liabilities
berubah karena perubahan estimasi pemulihan may change due to changes in estimation of the
manfaat pajak. likely recovery of the tax benefits.
236 PT Medco Energi Internasional Tbk 2023 Annual Report
78
Page 239
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
3. PERTIMBANGAN, ESTIMASI DAN ASUMSI 3. SIGNIFICANT ACCOUNTING JUDGMENTS,
AKUNTANSI YANG SIGNIFIKAN (lanjutan) ESTIMATES AND ASSUMPTIONS (continued)
Estimasi dan Asumsi (lanjutan) Estimates and Assumptions (continued)
Unit produksi (UOP) depresiasi aset minyak dan Units of production (UOP) depreciation of oil and
gas bumi gas properties
Aset minyak dan gas bumi didepresiasi Oil and gas properties are depreciated using the
menggunakan metode unit produksi (UOP) units of production (UOP) method over total proved
berdasarkan cadangan terbukti dikembangkan dan developed and undeveloped proved reserves. This
cadangan terbukti belum dikembangkan. Hal ini results in a depreciation/amortization charged
menghasilkan depresiasi/amortisasi yang proportional to the depletion of the anticipated
dibebankan proporsional dengan deplesi dari sisa remaining production from the block/asset.
produksi blok/aset yang diantisipasi.
Umur setiap aset, yang dinilai tiap tahun, The life of each item, which is assessed at least
memperhitungakan batas umur fisik aset dan annually, has regard to both its physical life
penilaian kini jumlah terpulihkan ekonomis dari blok limitations and present assessments of
dimana aset berada. Perhitungan ini memerlukan economically recoverable reserves of the block at
estimasi dan asumsi, termasuk jumlah cadangan which the asset is located. These calculations
yang dapat dipulihkan dan estimasi belanja modal require the use of estimates and assumptions,
masa depan. Perhitungan tarif UOP depresiasi dan including the amount of recoverable reserves and
amortisasi akan berdampak bila produksi aktual di estimates of future capital expenditure. The
masa depan berbeda dengan perkiraan masa kini calculation of the UOP rate of depreciation and
berdasarkan jumlah cadangan terbukti, atau amortization will be impacted to the extent that
perubahan estimasi belanja modal masa depan. actual production in the future is different from
current forecast production based on total proved
reserves, or future capital expenditure estimates
change.
4. KAS DAN SETARA KAS 4. CASH AND CASH EQUIVALENTS
2023 2022
Kas 51.753 40.223 Cash on hand
Bank Cash in banks
Pihak berelasi Related party
Rupiah Rupiah
PT Bank Woori Saudara Indonesia PT Bank Woori Saudara Indonesia
1906 Tbk 17.933.713 8.868.385 1906 Tbk
Dolar Amerika Serikat United States Dollar
PT Bank Woori Saudara Indonesia PT Bank Woori Saudara Indonesia
1906 Tbk 2.381.328 9.709.248 1906 Tbk
Pihak ketiga Third parties
Rupiah Rupiah
PT Bank Mandiri (Persero) Tbk 24.311.662 48.166.303 PT Bank Mandiri (Persero) Tbk
PT Bank Negara Indonesia PT Bank Negara Indonesia
(Persero) Tbk 4.760.890 5.451.505 (Persero) Tbk
PT Bank Tabungan Negara Syariah 1.930.401 6.420.444 PT Bank Tabungan Negara Syariah
PT Bank Syariah Indonesia Tbk 1.621.821 45.220.309 PT Bank Syariah Indonesia Tbk
PT Bank Rakyat Indonesia PT Bank Rakyat Indonesia
(Persero) Tbk 1.474.348 23.049.269 (Persero) Tbk
MUFG Bank Ltd 974.984 4.152.914 MUFG Bank Ltd
Lain-lain (masing-masing di bawah
AS$500.000) 789.724 537.368 Others (each below US$500,000)
2023 Annual Report PT Medco Energi Internasional Tbk 237
79
Page 240
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
4. KAS DAN SETARA KAS (lanjutan) 4. CASH AND CASH EQUIVALENTS (continued)
2023 2022
Bank (lanjutan) Cash in banks (continued)
Pihak ketiga (lanjutan) Third parties (continued)
Dolar Amerika Serikat United States Dollar
Australia and New Zealand Banking Australia and New Zealand Banking
Group Ltd 58.921.588 152.907.467 Group Ltd
PT Bank Mandiri (Persero) Tbk 56.693.157 51.180.822 PT Bank Mandiri (Persero) Tbk
PT Bank Negara Indonesia PT Bank Negara Indonesia
(Persero) Tbk 32.725.136 29.142.017 (Persero) Tbk
MUFG Bank Ltd 15.206.633 12.207.011 MUFG Bank Ltd
Standard Chartered Bank 11.134.397 23.663.213 Standard Chartered Bank
PT Bank Syariah Indonesia Tbk 9.984.112 744.713 PT Bank Syariah Indonesia Tbk
Alizz Islamic Bank 7.436.885 7.930.402 Alizz Islamic Bank
The Hongkong and Shanghai The Hongkong and Shanghai
Banking Corporation Ltd 3.825.148 17.138.081 Banking Corporation Ltd
Citibank N.A. 1.785.179 22.345.495 Citibank N.A.
PT Bank Permata Tbk 167.251 5.166.085 PT Bank Permata Tbk
PT Bank Rakyat Indonesia PT Bank Rakyat Indonesia
(Persero) Tbk 4.866 5.001.077 (Persero) Tbk
Lain-lain (masing-masing di bawah
AS$500.000) 1.000.271 856.047 Others (each below US$500,000)
Dolar Singapura Singapore Dollar
Citibank N.A. 234.874 709.603 Citibank N.A.
Lain-lain (masing-masing di bawah
AS$500.000) 194.451 225.073 Others (each below US$500,000)
Pound Sterling Britania Raya Great Britain Pound Sterling
Standard Chartered Bank 38.745 1.618.960 Standard Chartered Bank
Lain-lain (masing-masing di bawah
AS$500.000) 44.982 158.499 Others (each below US$500,000)
Baht Thailand Thailand Baht
Standard Chartered Bank 2.149.997 6.811 Standard Chartered Bank
The Hongkong and Shanghai The Hongkong and Shanghai
Banking Corporation Ltd 1.308.963 2.128.129 Banking Corporation Ltd
Lain-lain (masing-masing di bawah
AS$500.000) 283 2.193 Others (each below US$500,000)
Mata uang asing lainnya 1.052.727 42.490 Other foreign currencies
Sub-jumlah 260.088.516 484.749.933 Sub-total
238 PT Medco Energi Internasional Tbk 2023 Annual Report
80
Page 241
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
4. KAS DAN SETARA KAS (lanjutan) 4. CASH AND CASH EQUIVALENTS (continued)
2023 2022
Setara kas Cash equivalents
Deposito berjangka Time deposits
Pihak berelasi Related party
Rupiah Rupiah
PT Bank Woori Saudara Indonesia PT Bank Woori Saudara Indonesia
1906 Tbk 10.797.223 5.627.557 1906 Tbk
Dolar Amerika Serikat United States Dollar
PT Bank Woori Saudara Indonesia PT Bank Woori Saudara Indonesia
1906 Tbk 36.500.000 50.000.000 1906 Tbk
Pihak ketiga Third parties
Rupiah Rupiah
PT Bank Negara Indonesia PT Bank Negara Indonesia
(Persero) Tbk 3.308.251 3.305.574 (Persero) Tbk
PT Bank Mandiri (Persero) Tbk 1.410.872 1.583.752 PT Bank Mandiri (Persero) Tbk
PT Bank Rakyat Indonesia PT Bank Rakyat Indonesia
(Persero) Tbk 648.677 4.198.244 (Persero) Tbk
Dolar Amerika Serikat United States Dollar
ING Bank – 50.344.492 ING Bank
PT Bank Mandiri (Persero) Tbk 33.000.000 148.819 PT Bank Mandiri (Persero) Tbk
Australia and New Zealand Banking Australia and New Zealand Banking
Group Ltd 8.143.661 – Group Ltd
Sub-jumlah 93.808.684 115.208.438 Sub-total
Jumlah 353.948.953 599.998.594 Total
Rekening di bank memiliki tingkat bunga Accounts in banks earn interest at floating rates
mengambang sesuai dengan tingkat penawaran based on the offered rate from each bank.
pada masing-masing bank.
2023 2022
Tingkat bunga per tahun Interest rates per annum
Deposito berjangka Time deposits
Rupiah 2,25% - 6,50% 2,25% - 4,50% Rupiah
Dolar Amerika Serikat 0,20% - 5,43% 0,20% - 4,45% United States Dollar
Tidak ada kas dan setara kas yang dijaminkan There are no cash and cash equivalents that are
sebagai jaminan pada tanggal 31 Desember 2023 pledged as collateral as of December 31, 2023 and
dan 2022. 2022.
Kas dan setara kas termasuk kas yang ditempatkan Cash and cash equivalents includes the cash
ke dalam rekening khusus devisa hasil ekspor dari placed in a special account for foreign exchange
sumber daya alam sesuai dengan Peraturan export proceeds from natural resources in
Pemerintah No. 36 Tahun 2023. accordance with the Government Regulation No. 36
of 2023.
2023 Annual Report PT Medco Energi Internasional Tbk 239
81
Page 242
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
5. INVESTASI JANGKA PENDEK 5. SHORT-TERM INVESTMENTS
Akun ini terdiri dari: This account consists of:
2023 2022
Surat berharga yang diperdagangkan Marketable securities-for trading
Dolar Amerika Serikat United States Dollar
Dana kelolaan bank dan institusi Managed funds by banks and
keuangan 10.997.817 10.970.184 financial institution
Dana kelolaan bank dan institusi keuangan terdiri Investments in managed funds by banks and
dari saham-saham perusahaan publik, pendapatan financial institution consists of shares of listed
tetap/surat utang, pasar uang dan instrumen companies, fixed income/notes, money market and
keuangan lainnya. Untuk tahun yang berakhir pada other financial instruments. For the year ended
tanggal 31 Desember 2023, keuntungan dari December 31, 2023, gain from fair value changes
perubahan nilai wajar adalah sebesar AS$28 ribu amounted to US$28 thousand and for the year
dan untuk tahun yang berakhir pada tanggal 31 ended December 31, 2022, gain from fair value
Desember 2022, keuntungan dari perubahan nilai changes amounted to US$28 thousand.
wajar adalah sebesar AS$28 ribu.
6. PIUTANG USAHA 6. TRADE RECEIVABLES
Rincian dari akun ini adalah sebagai berikut: The details of this account are as follows:
a. Berdasarkan pelanggan a. By customer
2023 2022
Pihak berelasi Related parties
PT Bahtera Daya Makmur 69.401 68.513 PT Bahtera Daya Makmur
PT Medco Daya Makmur – 335.987 PT Medco Daya Makmur
Sub-jumlah 69.401 404.500 Sub-total
Pihak ketiga Third parties
Pelanggan luar negeri 177.554.669 125.702.965 Foreign customers
Pelanggan dalam negeri 170.906.367 195.262.848 Local customers
Sub-jumlah 348.461.036 320.965.813 Sub-total
Akumulasi penyisihan kerugian Accumulated provision for expected
kredit ekspektasian (666.588) (728.049) credit losses
Neto 347.794.448 320.237.764 Net
Jumlah 347.863.849 320.642.264 Total
240 PT Medco Energi Internasional Tbk 2023 Annual Report
82
Page 243
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
6. PIUTANG USAHA (lanjutan) 6. TRADE RECEIVABLES (continued)
b. Berdasarkan umur b. By aging category
2023 2022
Lancar dan tidak mengalami
penurunan nilai 326.322.221 238.499.934 Neither past due nor impaired
Telah jatuh tempo dan tidak
mengalami penurunan nilai: Past due and not impaired:
1 - 30 hari 13.972.279 59.076.154 1 - 30 days
31 - 60 hari 2.228.907 5.862.745 31 - 60 days
61 - 90 hari 409.971 9.518.721 61 - 90 days
91 - 120 hari 317.678 5.729.048 91 - 120 days
Lebih dari 120 hari 4.612.793 1.955.662 More than 120 days
Telah jatuh tempo dan mengalami
penurunan nilai: Past due and impaired:
Lebih dari 120 hari 666.588 728.049 More than 120 days
Jumlah 348.530.437 321.370.313 Total
Akumulasi penyisihan kerugian kredit Accumulated provision for expected
ekspektasian (666.588) (728.049) credit losses
Neto 347.863.849 320.642.264 Net
Piutang usaha tidak dikenakan bunga dan Trade receivables are non-interest bearing and
umumnya dikenakan syarat pembayaran generally on 30 to 35 days term of payment.
selama 30 sampai dengan 35 hari.
c. Berdasarkan mata uang c. By currency
2023 2022
Dolar Amerika Serikat 335.277.356 307.658.461 United States Dollar
Rupiah 13.253.081 13.711.852 Rupiah
Jumlah 348.530.437 321.370.313 Total
Akumulasi penyisihan kerugian Accumulated provision for expected
kredit ekspektasian (666.588) (728.049) credit losses
Neto 347.863.849 320.642.264 Net
d. Penyisihan kerugian kredit ekspektasian d. Provision for expected credit losses
Perubahan dalam penyisihan kerugian kredit The changes in the provision for expected credit
ekspektasian adalah sebagai berikut: losses are as follows:
2023 2022
31 Desember 2023/ 31 Desember 2022/
December 31, 2023 December 31, 2022
Saldo awal tahun 728.049 6.235.383 Balance at beginning of year
Penyisihan selama tahun berjalan – 311.312 Provision during the year
Penghapusan kerugian kredit
ekspektasian – (5.817.320) Write off for expected credit losses
Selisih kurs (61.461) (1.326) Foreign exchange differences
Saldo akhir tahun 666.588 728.049 Balance at end of year
2023 Annual Report PT Medco Energi Internasional Tbk 241
83
Page 244
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
6. PIUTANG USAHA (lanjutan) 6. TRADE RECEIVABLES (continued)
d. Penyisihan kerugian kredit ekspektasian d. Provision for expected credit losses (continued)
(lanjutan)
Tabel di bawah ini menunjukkan kualitas kredit The table below shows the credit quality and the
dan eksposur maksimum terhadap risiko kredit maximum exposure to credit risk based on the
berdasarkan peringkat risiko kredit pelanggan customers credit risk rating from published
dari lembaga pemeringkat yang dipublikasikan rating agencies as of December 31, 2023 and
per 31 Desember 2023 dan 2022: 2022:
Tingkat kerugian kredit Kerugian kredit
ekspektasian/ ekspektasian/
31 Desember 2023 Expected credit loss rate Expected credit loss December 31, 2023
Piutang usaha : range Trade receivables:
Pengelompokan Performing bucket
Tingkat tinggi 0,017%-0,017% 2.536 High grade
Tingkat standar 0,044%-0,224% 314.263 Standard grade
Tingkat rendah – – Low grade
Tidak dikelompokkan Non-performing bucket
Mengalami penurunan
nilai secara individual 100% 349.789 Individually impaired
Jumlah 666.588 Total
Tingkat kerugian kredit Kerugian kredit
ekspektasian/ ekspektasian/
31 Desember 2022 Expected credit loss rate Expected credit loss December 31, 2022
Piutang usaha : range Trade receivables:
Pengelompokan Performing bucket
Tingkat tinggi – – High grade
Tingkat standar 0,043% - 0,061% 311.312 Standard grade
Tingkat rendah – – Low grade
Tidak dikelompokkan Non-performing bucket
Mengalami penurunan
nilai secara individual 100 % 416.737 Individually impaired
Jumlah 728.049 Total
Piutang usaha dari pelanggan tertentu Trade receivables from certain customers are
dijaminkan sebagai jaminan untuk pinjaman pledged as collaterals for several bank loans
bank (Catatan 28). (Note 28).
Grup telah menerapkan metode yang The Group applies the simplified approach to
disederhanakan untuk menghitung kerugian calculate for expected credit losses as
kredit ekspektasian sesuai dengan PSAK 71 prescribed by PSAK 71 (since January 1, 2024
(sejak tanggal 1 Januari 2024 dirujuk sebagai referred to as PSAK 109), which permits the use
PSAK 109) yang mengizinkan penggunaan of the lifetime expected loss provision for all
cadangan kerugian ekspektasian seumur hidup trade receivables. To measure the expected
untuk seluruh piutang usaha. Untuk mengukur credit losses, trade receivables have been
kerugian kredit ekspektasian, piutang usaha grouped based on customer credit rating.
telah dikelompokkan berdasarkan peringkat
kredit pelanggan.
Manajemen berkeyakinan bahwa penyisihan The management believes that the provisions
kerugian kredit ekspektasian cukup untuk for expected credit losses are sufficient to cover
menutup kemungkinan kerugian atas losses from impairment of such receivables.
penurunan nilai piutang terkait.
242 PT Medco Energi Internasional Tbk 2023 Annual Report
84
Page 245
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
7. PIUTANG LAIN-LAIN 7. OTHER RECEIVABLES
Akun ini terdiri dari: This account consists of:
a. Berdasarkan jenis a. By party/nature
2023 2022
Pihak berelasi Related parties
PT Medco Daya Makmur 29.215.178 11.471.385 PT Medco Daya Makmur
PT Bahtera Daya Makmur 22.087.029 14.418.223 PT Bahtera Daya Makmur
PT Medco Daya Natuna 5.378.331 52.161.410 PT Medco Daya Natuna
PT Medco Daya Abadi Lestari 5.235.799 4.301.666 PT Medco Daya Abadi Lestari
Pacific Medco Solar Energy Pte Ltd 1.367.229 – Pacific Medco Solar Energy Pte Ltd
PT Medco Daya Energi Nusantara 1.323.083 206.195 PT Medco Daya Energi Nusantara
PT Api Metra Graha 857.130 1.057.571 PT Api Metra Graha
Transasia Pipeline Company Pvt. Transasia Pipeline Company Pvt.
Ltd. 24.000 – Ltd.
Jumlah 65.487.779 83.616.450 Total
Bagian jangka panjang 1.175.893 993.239 Long-term portion
Bagian yang jatuh tempo dalam
satu tahun 64.311.886 82.623.211 Current portion
Pihak ketiga Third parties
Pajak Pertambahan Nilai (PPN) yang Reimbursable Value Added Tax
dapat ditagihkan 109.825.826 86.419.011 (VAT)
Piutang Operasi Bersama 66.763.102 7.996.208 Receivables from Joint Operations
Piutang underlifting 17.495.082 11.350.583 Underlifting receivable
Piutang atas uang muka 13.494.420 14.027.413 Advance receivables
Pinjaman karyawan 6.719.259 4.784.509 Loans to employees
Anglo Tunisian Oil & Gas Limited 1.000.000 6.827.112 Anglo Tunisian Oil & Gas Limited
PT Sumber Mineral Citra Nusantara – 124.233.749 PT Sumber Mineral Citra Nusantara
Piutang dari pengaturan pasokan Receivable from gas supply
gas – 5.502.602 arrangement
Lain-lain (masing-masing dibawah
AS$2.000.000) 7.298.025 19.614.991 Others (each below US$2,000,000)
Jumlah 222.595.714 280.756.178 Total
Bagian jangka panjang 60.826.280 61.179.287 Long-term portion
Akumulasi penyisihan kerugian kredit Accumulated provision for expected
ekspektasian (45.130.508) (2.328.567) credit losses
Bagian jangka panjang - neto 15.695.772 58.850.720 Long-term portion - net
Bagian yang jatuh tempo dalam satu
tahun 161.769.434 219.576.891 Current portion
Akumulasi penyisihan kerugian kredit Accumulated provision for expected
ekspektasian (3.936.782) (6.896.054) credit losses
Bagian yang jatuh tempo dalam
satu tahun - neto 157.832.652 212.680.837 Curent portion - net
2023 Annual Report PT Medco Energi Internasional Tbk 243
85
Page 246
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
7. PIUTANG LAIN-LAIN (lanjutan) 7. OTHER RECEIVABLES (continued)
b. Berdasarkan mata uang b. By currency
2023 2022
Dolar Amerika Serikat 163.098.390 248.647.413 United States Dollar
Rupiah 121.661.989 108.347.971 Rupiah
Baht Thailand 1.380.120 6.813.395 Thailand Baht
Dolar Singapura 1.367.624 – Singapore Dollar
Euro 575.370 563.849 Euro
Jumlah 288.083.493 364.372.628 Total
Bagian jangka panjang 62.002.173 62.172.526 Long-term portion
Akumulasi penyisihan kerugian Accumulated provision for expected
kredit ekspektasian (45.130.508) (2.328.567) credit losses
Bagian jangka panjang - neto 16.871.665 59.843.959 Long-term portion - net
Bagian yang jatuh tempo dalam satu
tahun 226.081.320 302.200.102 Current portion
Akumulasi penyisihan kerugian Accumulated provision for expected
kredit ekspektasian (3.936.782) (6.896.054) credit losses
Bagian yang jatuh tempo dalam
satu tahun - neto 222.144.538 295.304.048 Curent portion - net
c. Penyisihan kerugian kredit ekspektasian c. Provision for expected credit losses
2023 2022
Saldo awal tahun 9.224.621 22.686.685 Balance at beginning of year
Penambahan penyisihan selama
tahun berjalan 45.309.216 – Provisions during the year
Penghapusan penyisihan selama
tahun berjalan (2.170.880) (13.462.064) Write-offs during the year
Pemulihan penyisihan selama tahun
berjalan (3.295.667) – Recovery during the year
Saldo akhir tahun 49.067.290 9.224.621 Balance at end of year
Tabel di bawah ini menunjukkan kualitas kredit The table below shows the credit quality and the
dan eksposur maksimum terhadap risiko kredit maximum exposure to credit risk based on the
berdasarkan peringkat risiko kredit pelanggan customers credit risk rating from published
dari lembaga pemeringkat yang dipublikasikan rating agencies as of December 31, 2023 and
per 31 Desember 2023 dan 2022: 2022:
Tingkat kerugian kredit Kerugian kredit
ekspektasian/ ekspektasian/
31 Desember 2023 Expected credit loss rate Expected credit loss December 31, 2023
Piutang lain-lain: range Other receivables:
Pengelompokan Performing bucket
Tingkat tinggi – – High grade
Tingkat standar 0,069%-0,120% 191.547 Standard grade
Tingkat rendah – – Low grade
Tidak dikelompokkan Non-performing bucket
Mengalami penurunan
nilai secara individual 100 % 48.875.743 Individually impaired
Jumlah 49.067.290 Total
244 PT Medco Energi Internasional Tbk 2023 Annual Report
86
Page 247
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
7. PIUTANG LAIN-LAIN (lanjutan) 7. OTHER RECEIVABLES (continued)
c. Penyisihan kerugian kredit ekspektasian c. Provision for expected credit losses (continued)
(lanjutan)
Tingkat kerugian kredit Kerugian kredit
ekspektasian/ ekspektasian/
31 Desember 2022 Expected credit loss rate Expected credit loss December 31, 2022
Piutang lain-lain: Other receivables:
Pengelompokan Performing bucket
Tingkat tinggi – – High grade
Tingkat standar 0,06% - 0,06% 173.769 Standard grade
Tingkat rendah 3,07% - 3,20% 4.037.948 Low grade
Tidak dikelompokkan Non-performing bucket
Mengalami penurunan
nilai secara individual 100 % 5.012.904 Individually impaired
Jumlah 9.224.621 Total
Pihak berelasi Related parties
a. Piutang dari PT Medco Daya Natuna (“MDN”), a. Receivables from PT Medco Daya Natuna
PT Medco Daya Makmur (“MDM”), PT Bahtera (“MDN”), PT Medco Daya Makmur (“MDM”),
Daya Makmur (“BDM”) dan PT Medco Daya PT Bahtera Daya Makmur (“BDM”) and PT
Energi Nusantara (“MDEN”) merupakan Medco Daya Energi Natuna (“MDEN”) are
piutang operasi bersama masing-masing di receivables from joint operations in South
Laut Natuna Selatan Blok B, Blok Sumatera Natuna Sea Block B, South Sumatera Block,
Selatan, Blok Rimau dan Blok A (Aceh). Rimau Block and Block A (Aceh), respectively.
Piutang atas cash call terkait operasi bersama The receivables from cash call related to joint
blok migas dikenakan bunga atas operations oil and gas blocks are charged with
keterlambatan pembayaran sebesar LIBOR late payment interest at LIBOR plus 2-3% per
ditambah margin 2-3% per tahun yang annum which is determined based on the Joint
ditentukan berdasarkan Joint Operating Operating Agreement.
Agreement.
b. Piutang dari PT Medco Daya Abadi Lestari b. Receivable from PT Medco Daya Abadi
(“MDAL”) merupakan piutang atas penjualan Lestari (“MDAL”) represents the receivable on
2% kepemilikan saham MGeoPS Perusahaan the sale of the 2% of MGeoPS shares of the
ke MDAL. Company to MDAL.
c. Piutang dari PT Api Metra Graha (“AMG”) c. Receivable from PT Api Metra Graha (“AMG”)
merupakan piutang terkait sewa ruangan is related to the Company’s office space lease
kantor Perusahaan di gedung The Energy. in The Energy building.
Pihak ketiga Third parties
a. Piutang dari PT Sumber Mineral Citra a. Receivable from PT Sumber Mineral Citra
Nusantara (“SMCN”) terkait dengan pelepasan Nusantara (“SMCN”) related to the sale of
10% saham di PT Amman Mineral 10% of the Company’s ownership in PT
Internasional (“AMI”) pada tahun 2020. Amman Mineral Internasional (“AMI”) in 2020.
Perusahaan telah menerima keseluruhan sisa The Company has received the principal
pembayaran pokok pada bulan Maret 2023. amount of the receivable in March 2023.
b. Piutang Pajak Pertambahan Nilai (PPN) yang b. Reimbursable Value Added Tax (VAT)
dapat ditagihkan merupakan PPN yang represents VAT paid by subsidiaries involved
dibayarkan oleh entitas anak yang bergerak di in oil and gas exploration and production in
bidang eksplorasi dan produksi minyak dan Indonesia which are reimbursable from Satuan
gas bumi di Indonesia, yang dapat ditagih Kerja Khusus Pelaksana Kegiatan Usaha Hulu
kembali masing dari Satuan Kerja Khusus Minyak dan Gas Bumi (SKK Migas).
Pelaksana Kegiatan Usaha Hulu Minyak dan
Gas Bumi (SKK Migas).
2023 Annual Report PT Medco Energi Internasional Tbk 245
87
Page 248
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
7. PIUTANG LAIN-LAIN (lanjutan) 7. OTHER RECEIVABLES (continued)
Pihak ketiga (lanjutan) Third parties (continued)
c. Piutang atas uang muka merupakan uang c. Advance receivables pertain to advances for
muka untuk proyek pembangunan pembangkit power plant construction project. These
listrik. Piutang ini berjangka waktu lebih dari receivables are due more than one year.
satu tahun.
d. Piutang Operasi Bersama merupakan piutang d. Receivables from Joint Operations represent
dari mitra Operasi Bersama yang berkaitan receivables from Joint Operations partners
dengan aktivitas eksplorasi dan produksi relating to oil and gas exploration and
minyak dan gas bumi. production activities.
e. Piutang underlifting merupakan piutang dari e. The underlifting receivables relates to
SKK Migas dan mitra operasi bersama untuk receivables from SKK Migas and joint
anak usaha yang bergerak pada bidang operations partners for subsidiaries engaged
minyak dan gas bumi. in oil and gas sector.
f. Piutang dari Anglo Tunisia Oil and Gas Limited f. Receivables from Anglo Tunisia Oil and Gas
(“ATOG”) merupakan harga penjualan yang Limited (“ATOG”) pertain to the outstanding
masih belum dibayar terkait dengan amount related to the selling price arising from
pelepasan 100% saham dalam Medco Tunisia the divestment by MEG of its 100% shares in
Petroleum Limited (“MTPL”) di tahun 2019. Medco Tunisia Petroleum Limited (“MTPL”) in
Berdasarkan Share Purchase and Sales 2019. Based on the latest Share Purchase and
Agreement (“SPSA”) harga beli yang telah Sales Agreement (“SPSA”), the agreed
disepakati adalah AS$24,5 juta. Selama tahun purchase price was US$24.5 million. During
2021, Perusahaan telah menerima beberapa year 2021, the Company received several
pelunasan sebagian dengan total AS$17,6 juta payments totaling US$17.6 million and the
dan sisanya sebesar AS$6,95 juta akan remaining amount of US$6.95 million will be
dibayarkan pada/atau sebelum 1 Januari paid on/or before January 1, 2024.
2024.
Berdasarkan perjanjian pelunasan pada Based on the settlement agreement dated
tanggal 31 Januari 2024, disepakati bahwa January 31, 2024, it was agreed that the
Perusahaan akan menerima sejumlah US$1,0 Company will receive an amount of US$1.0
juta sebagai jumlah pelunasan. Pada tanggal million, as the settlement amount. On
9 Februari 2024, Perusahaan menerima February 9, 2024, the Company received the
jumlah pelunasan tersebut. Para pihak settlement amount. The parties released and
sepakat saling melepaskan segala hak, discharged each other for all rights, obligations
kewajiban dan tuntutan sehubungan dengan and claims relating to the SPSA. Thus, the
SPSA. Dengan demikian, Perseroan Company recorded a write-off of US$5.95
mencatatkan jumlah penghapusan sebesar million in the statement of profit or loss.
US$5,95 juta pada laporan laba rugi.
Grup telah menerapkan metode yang The Group applies the simplified approach to
disederhanakan untuk menghitung kerugian kredit calculate expected credit losses prescribed by
ekspektasian sesuai dengan PSAK 71 (sejak PSAK 71 (since January 1, 2024 referred to as
tanggal 1 Januari 2024 dirujuk sebagai PSAK 109) PSAK 109) which permits the use of the lifetime
yang mengizinkan penggunaan cadangan kerugian expected loss provision for all trade and other
ekspektasian seumur hidup untuk seluruh piutang receivables. To measure the expected credit
usaha dan lain-lain. Untuk mengukur kerugian losses, other receivables have been grouped based
kredit ekspektasian, piutang lain-lain telah on credit rating of each counterparty.
dikelompokkan berdasarkan peringkat kredit setiap
rekanan.
Manajemen berkeyakinan bahwa penyisihan The management believes that the provisions for
kerugian kredit ekspektasian piutang lain-lain cukup expected credit losses of other receivables are
untuk menutup kemungkinan kerugian atas sufficient to cover losses from impairment of the
penurunan nilai piutang lain-lain. other receivables.
246 PT Medco Energi Internasional Tbk 2023 Annual Report
88
Page 249
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
8. PIUTANG SEWA PEMBIAYAAN 8. FINANCE LEASE RECEIVABLES
Akun ini terutama terdiri dari Perjanjian Pembelian This account comprises mainly of Power Purchase
Listrik entitas anak tertentu yang dimiliki oleh PT Agreement of certain subsidiaries of PT Medco
Medco Power Indonesia yang dicatat sebagai sewa Power Indonesia that are accounted for as finance
pembiayaan dan sublease aset hak guna. Syarat leases and sublease of right-of-use assets. The
perjanjian kontraktual sewa disajikan pada Catatan terms of the contractual lease arrangements are
49b. disclosed in Note 49b.
Pembayaran sewa minimum di masa mendatang The future minimum lease payments under finance
dalam sewa pembiayaan dengan nilai kini lease with the present value of the net minimum
pembayaran sewa minimum adalah sebagai lease payments are as follows:
berikut:
2023 2022
Kurang dari satu tahun 49.837.326 46.970.665 Within one year
Lebih dari satu tahun sampai lima After one year but not more than five
tahun 79.283.812 128.989.033 years
Lebih dari lima tahun 85.442.518 86.460.558 More than five years
Jumlah 214.563.656 262.420.256 Total
Dikurangi jumlah yang terkait dengan
bunga (80.391.283) (96.689.999) Less amount applicable to interest
Nilai kini dari pembayaran sewa Present value of minimum lease
minimum 134.172.373 165.730.257 payments
Penyesuaian nilai wajar 28.455.838 30.779.443 Fair value adjustment
Jumlah 162.628.211 196.509.700 Total
Dikurangi bagian yang jatuh tempo
dalam satu tahun (38.149.716) (41.582.594) Less current maturities
Bagian jangka panjang - neto 124.478.495 154.927.106 Long-term maturities - net
Pada tanggal 31 Desember 2023 dan 2022, As of December 31, 2023 and 2022, all finance
piutang sewa pembiayaan telah diasuransikan lease receivables were insured with various
kepada berbagai perusahaan asuransi insurance companies (Note 15). Management
(Catatan 15). Manajemen memiliki keyakinan believes that the insurance coverage is adequate to
bahwa nilai pertanggungan cukup untuk menutupi cover possible losses on the assets insured.
kemungkinan kerugian atas aset yang
dipertanggungkan.
Berdasarkan penelaahan status akun piutang sewa Based on the review of finance lease receivables as
pembiayaan pada tanggal 31 Desember 2023 dan of December 31, 2023 and 2022, management is
2022, manajemen berpendapat bahwa seluruh of the opinion that all finance lease receivables are
piutang sewa pembiayaan dapat direalisasikan dan realizable and no provision for impairment is
tidak ada penyisihan kerugian penurunan nilai yang necessary to be provided.
dibutuhkan.
Aset proyek tertentu dalam akun piutang sewa Certain project assets in finance lease receivables
pembiayaan tertentu digunakan sebagai jaminan account are used as collateral to the loans obtained
atas utang yang diperoleh oleh Entitas Anaknya by its Subsidiaries (Note 28).
(Catatan 28).
2023 Annual Report PT Medco Energi Internasional Tbk 247
89
Page 250
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
9. ASET KEUANGAN KONSESI 9. CONCESSION FINANCIAL ASSETS
Akun ini merupakan piutang dari PT Perusahaan This account represents receivable from PT
Listrik Negara (Persero) (“PLN”) terkait Kontrak Perusahaan Listrik Negara (Persero) (“PLN”)
Penjualan Energi kepada PT Medco Ratch Power related to the Energy Sales Contract with PT Medco
Riau ("MRPR") dan PT Medco Cahaya Geothermal Ratch Power Riau ("MRPR") and PT Medco
("MCG") yang dicatat sebagai konsesi jasa. Cahaya Geothermal ("MCG") that are accounted for
Pergerakan dari aset konsesi adalah sebagai as service concession arrangement. The
berikut: movements in the concession financial assets are
as follows:
2023 2022
Saldo awal 332.188.019 321.140.674 Beginning balance
Penambahan: Additions:
Pendapatan konstruksi 163.491.839 13.576.018 Construction revenue
Finance income from service
Pendapatan bunga dari jasa konsesi 31.274.606 25.683.146 concession
Penerimaan dari PLN (33.062.123) (28.211.819) Collection from PLN
Nilai tukar (21.056) – Foreign exchange
Jumlah 493.871.285 332.188.019 Total
Dikurangi bagian yang jatuh
tempo dalam satu tahun 32.833.257 32.835.946 Less current maturities
Bagian jangka panjang - neto 461.038.028 299.352.073 Long-term maturities - net
Perubahan dalam penyisihan kerugian kredit The changes in the provision for expected credit
ekspektasian adalah sebagai berikut: losses are as follows:
2023 2022
Saldo awal tahun – 313.794 Balance at beginning of year
Reversal of provision during the
Pembalikan selama tahun berjalan – (313.794) year .
Saldo akhir tahun – – Balance at end of year
Berdasarkan penelaahan status akun-akun aset Based on the review of concession financial assets
keuangan konsesi pada 31 Desember 2023 dan as of December 31, 2023 and 2022, management
2022, manajemen berpendapat bahwa seluruh aset is of the opinion that all concession financial assets
keuangan konsesi dapat direalisasikan dan tidak are realizable and no provision for impairment is
ada penyisihan kerugian penurunan nilai yang necessary to be provided.
dibutuhkan.
10. PERSEDIAAN 10. INVENTORIES
Persediaan terdiri dari: Inventories consist of:
2023 2022
Suku cadang, perlengkapan sumur
dan lainnya 121.133.223 98.733.993 Spareparts, well supplies and others
Persediaan minyak mentah 5.912.015 8.280.776 Crude oil inventories
Jumlah 127.045.238 107.014.769 Total
Akumulasi cadangan keusangan dan Accumulated allowance for
penurunan nilai (276.885) (934.662) obsolescence and decline in value
Neto 126.768.353 106.080.107 Net
248 PT Medco Energi Internasional Tbk 2023 Annual Report
90
Page 251
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
10. PERSEDIAAN (lanjutan) 10. INVENTORIES (continued)
Jumlah persediaan yang diakui sebagai beban Total inventories recognized as expense for the
untuk tahun yang berakhir pada tanggal 31 years ended December 31, 2023 and 2022
Desember 2023 dan 2022 masing-masing sebesar amounted to US$10.1 million and US$8.5 million,
AS$10,1 juta dan AS$8,5 juta, yang disajikan pada respectively, which are presented in the cost of
beban pokok pendapatan (biaya produksi dan revenue (production and lifting costs).
lifting).
Pada tanggal 31 Desember 2023 dan 2022, seluruh As of December 31, 2023 and 2022, all inventories
persediaan telah diasuransikan kepada berbagai were insured with various insurance companies
perusahaan asuransi (Catatan 15 dan 18). (Notes 15 and 18). Management believes that the
Manajemen memiliki keyakinan bahwa nilai insurance coverage is adequate to cover possible
pertanggungan cukup untuk menutupi kemungkinan losses on the assets insured.
kerugian atas aset yang dipertanggungkan.
Pada tanggal 31 Desember 2023 dan 2022, tidak As of December 31, 2023 and 2022, there are no
ada persediaan yang dijaminkan sebagai jaminan. inventories that are pledged as collateral.
Perubahan dalam cadangan keusangan dan The changes in the allowance for obsolescence and
penurunan nilai adalah sebagai berikut: decline in value are as follows:
2023 2022
Saldo awal tahun 934.662 276.885 Balance at beginning of year
Penambahan penyisihan selama tahun
berjalan – 657.777 Increase in provision during year
Penghapusan penyisihan selama
tahun berjalan (657.777) – Write-off in provision during the year
Saldo akhir tahun 276.885 934.662 Balance at end of year
Berdasarkan hasil penelaahan terhadap kondisi Based on the review of the physical condition and
fisik dan nilai realisasi neto dari persediaan pada net realizable values of inventories as of December
tanggal 31 Desember 2023 dan 2022, manajemen 31, 2023 and 2022, management is of the opinion
berpendapat bahwa cadangan keusangan dan that the allowance for obsolescence and decline in
penurunan nilai persediaan adalah cukup. value is adequate.
11. PAJAK DIBAYAR DIMUKA DAN ESTIMASI 11. PREPAID TAXES AND ESTIMATED CLAIMS FOR
PENGEMBALIAN PAJAK TAX REFUNDS
Rincian akun ini adalah sebagai berikut: The details of this account are as follows:
a. Pajak dibayar dimuka a. Prepaid taxes
2023 2022
Perusahaan The Company
Pajak Pertambahan Nilai (PPN) 631.319 165.167 Value Added Tax (VAT)
Entitas anak Subsidiaries
PPN 1.041.752 1.988.088 VAT
Lebih bayar Pajak Penghasilan
Badan 4.258.957 2.218.169 Corporate Income Tax overpayments
Sub-jumlah 5.300.709 4.206.257 Sub-total
Jumlah 5.932.028 4.371.424 Total
2023 Annual Report PT Medco Energi Internasional Tbk 249
91
Page 252
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
11. PAJAK DIBAYAR DIMUKA DAN ESTIMASI 11. PREPAID TAXES AND ESTIMATED CLAIMS FOR
PENGEMBALIAN PAJAK (LANJUTAN) TAX REFUNDS (CONTINUED)
Rincian akun ini adalah sebagai berikut: The details of this account are as follows:
b. Estimasi pengembalian pajak b. Estimated claims for tax refunds
2023 2022
Perusahaan The Company
Pajak Penghasilan Badan Corporate Income Tax
Tahun 2022 771.196 771.114 Year 2022
Tahun 2021 – 1.180.350 Year 2021
PPN – 41.890 VAT
Sub-jumlah 771.196 1.993.354 Sub-total
Entitas anak Subsidiaries
Pajak Penghasilan Badan Corporate Income Tax
Tahun 2023 1.552.520 – Year 2023
Tahun 2022 – 266.245 Year 2022
Tahun 2021 – 452.095 Year 2021
Tahun 2020 182.709 685.977 Year 2020
Tahun 2019 1.053.577 915.467 Year 2019
Tahun 2018 140.961 50.373 Year 2018
Tahun 2016 254.434 288.187 Year 2016
PPN VAT
Tahun 2022 – 549.558 Year 2022
Tahun 2021 – 47.255 Year 2021
Tahun 2020 51.203 – Year 2020
Tahun 2019 90.089 – Year 2019
Tahun 2018 51.403 – Year 2018
Tahun 2016 96.700 – Year 2016
Sub-jumlah 3.473.596 3.255.157 Sub-total
Jumlah 4.244.792 5.248.511 Total
12. BEBAN DIBAYAR DI MUKA 12. PREPAID EXPENSES
Akun ini terdiri dari beban dibayar di muka jangka This account consists of short-term prepayments
pendek sebagai berikut: with details as follows:
2023 2022
Asuransi 5.870.124 5.636.868 Insurance
Sewa 2.811.551 2.578.677 Rental
Lain-lain 1.923.272 2.851.566 Others
Jumlah 10.604.947 11.067.111 Total
250 PT Medco Energi Internasional Tbk 2023 Annual Report
92
Page 253
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
13. DEPOSITO DAN REKENING BANK YANG 13. RESTRICTED TIME DEPOSITS AND CASH IN
DIBATASI PENGGUNAANNYA BANKS
Rincian akun ini adalah sebagai berikut: The details of this account are as follows:
2023 2022
Lancar Current
Pihak ketiga Third party
Rupiah Rupiah
Rekening bank yang dibatasi
penggunaannya Restricted cash in banks
PT Bank Negara Indonesia (Persero) PT Bank Negara Indonesia (Persero)
Tbk 533.820 523.131 Tbk
Deposito yang dibatasi
penggunaannya Restricted time deposit
PT Bank Rakyat Indonesia (Persero) PT Bank Rakyat Indonesia (Persero)
Tbk 1.689.320 – Tbk
Dolar Amerika Serikat United States Dollar
Rekening bank yang dibatasi
penggunaannya Restricted cash in banks
Australia and New Zealand Banking Australia and New Zealand Banking
Group Ltd – 71.959.950 Group Ltd
Standard Chartered Bank - Cabang Standard Chartered Bank - Singapore
Singapura 18.265.668 27.965.590 Branch
DBS Bank Ltd 10.487.835 16.428.586 DBS Bank Ltd
Bank of New York Mellon 38.909.279 19.461.278 Bank of New York Mellon
PT Bank Syariah Indonesia Tbk 900.776 834.183 PT Bank Syariah Indonesia Tbk
PT Bank Negara Indonesia (Persero) PT Bank Negara Indonesia (Persero)
Tbk – 42.500 Tbk
Jumlah 70.786.698 137.215.218 Total
Tidak lancar Non-current
Pihak berelasi Related party
Rupiah Rupiah
Rekening bank yang dibatasi
penggunaannya Restricted cash in banks
PT Bank Woori Saudara Indonesia PT Bank Woori Saudara Indonesia
1906 Tbk 134.709 – 1906 Tbk
Deposito yang dibatasi
penggunaannya Restricted time deposit
PT Bank Woori Saudara Indonesia PT Bank Woori Saudara Indonesia
1906 Tbk – 121.692 1906 Tbk
Pihak ketiga Third party
Rupiah Rupiah
Deposito yang dibatasi
penggunaannya Restricted time deposit
PT Bank CIMB Niaga Tbk – 87.471 PT Bank CIMB Niaga Tbk
Jumlah 134.709 209.163 Total
2023 Annual Report PT Medco Energi Internasional Tbk 251
93
Page 254
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
13. DEPOSITO DAN REKENING BANK YANG 13. RESTRICTED TIME DEPOSITS AND CASH IN
DIBATASI PENGGUNAANNYA (lanjutan) BANKS (continued)
2023 2022
Tingkat bunga per tahun Interest rate per annum
Deposito dan rekening bank yang Restricted time deposits and cash in
dibatasi penggunaannya banks _
Rupiah 3,00% - 4,00% 3,50% - 5,25% Rupiah
Dolar Amerika Serikat 0,00% - 5,53% 0,01% - 3,73% United States Dollar
Bank/ Periode/ Deskripsi/
Bank Period Description
Saldo bank yang dibatasi penggunaannya
(Rupiah)/
Restricted cash in bank (Rupiah)
PT Bank Negara Indonesia (Persero) Tbk 31 Desember 2023 dan Debt Service Reserve Account atas fasilitas kredit dari PT Bank
31 Desember 2022/ Negara Indonesia (Persero) Tbk untuk MPI/
December 31, 2023 and Debt Service Reserve Account for credit facility from PT Bank Negara
December 31, 2022 Indonesia (Persero) Tbk for MPI.
Deposito berjangka yang dibatasi
penggunaannya (Rupiah)/
Restricted time deposit (Rupiah)
PT Bank Woori Saudara Indonesia 1906 Tbk 31 Desember 2022/ Deposito berjangka entitas anak yang terutama digunakan untuk
dan PT Bank CIMB Niaga Tbk December 31, 2022 jaminan utang karyawan/
Subsidiaries’ time deposits used mainly as collateral for employees’
loan.
PT Bank Rakyat Indonesia (Persero) Tbk 31 Desember 2023/ Jaminan atas penerbitan Bank Garansi untuk Jaminan Pelaksanaan
December 31, 2023 di TJB/
Underlying for Bank Guarantee issued for Performance Bond in TJB.
Saldo bank yang dibatasi penggunaannya
(Dolar AS)/
Restricted cash in bank (US Dollar)
Standard Chartered Bank Singapore Branch 31 Desember 2023 dan Interest reserve account untuk pembayaran bunga atas obligasi Dolar
31 Desember 2022/ AS yang diterbitkan oleh Medco Oak Tree Pte. Ltd. dan Medco
December 31, 2023 and Platinum Road Pte. Ltd., entitas anak yang dimiliki sepenuhnya/
December 31, 2022 Interest reserve account for interest payment of US Dollar Bonds
issued by Medco Oak Tree Pte. Ltd. dan Medco Platinum Road Pte.
Ltd., wholly-owned subsidiary.
DBS Bank Ltd 31 Desember 2023 dan Interest reserve account untuk pembayaran bunga atas obligasi Dolar
31 Desember 2022/ AS yang diterbitkan oleh Medco Energi Internasional Tbk. dan Medco
December 31, 2023 and Laurel Tree Pte. Ltd., entitas anak yang dimiliki sepenuhnya/
December 31, 2022 Interest reserve account for interest payment of US Dollar Bonds
issued by Medco Energi Internasional Tbk. and Medco Laurel Tree
Pte. Ltd., wholly-owned subsidiaries.
Australia and New Zealand Banking Group Ltd 31 Desember 2022/ Debt Service Reserve Account (“DSRA”) atas Fasilitas Kredit dari
December 31, 2022 Pemberi Pinjaman/
Debt Service Reserve Account (“DSRA”) of Credit Facility from
Lenders.
Bank of New York Mellon 31 Desember 2023 dan Interest reserve account untuk pembayaran bunga atas obligasi Dolar
31 Desember 2022/ AS yang diterbitkan oleh Medco Bell Pte. Ltd. dan Medco Maple Tree
December 31, 2023 and Pte. Ltd., entitas anak yang dimiliki sepenuhnya/
December 31, 2022 Interest reserve account for interest payment of US Dollar Bonds
issued by Medco Bell Pte. Ltd. and Medco Maple Tree Pte. Ltd.,
wholly-owned subsidiary.
PT Bank Negara Indonesia (Persero) Tbk 31 Desember 2022/ Debt service account untuk pembayaran bunga/
December 31, 2022
Debt service account for loan interest payments.
PT Bank Syariah Indonesia Tbk 31 Desember 2022/ Debt service account untuk pembayaran pokok pinjaman dan bunga
December 31, 2022 atas fasilitas pembiayaan dari PT Bank Syariah Indonesia Tbk untuk
ELB/
Debt service account for loan principal and interest payments on
financing facility from PT Bank Syariah Indonesia Tbk for ELB.
n
t
252 PT Medco Energi Internasional Tbk 2023 Annual Report
94
Page 255
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
14. INVESTASI JANGKA PANJANG 14. LONG-TERM INVESTMENTS
Akun ini terdiri dari sebagai berikut: This account consists of the following:
2023
Selisih kurs
karena Nilai tercatat
Nilai tercatat 1 penjabaran 31 Desember
Persentase Januari 2023/ Penambahan/ laporan Perubahan 2023/
Kepemilikan/ Carrying value Additions keuangan/ Pendapatan ekuitas/ Carrying value,
Percentage of January 1, (Pengurangan)/ Translation bunga/Interest Equity December 31,
ownership 2023 (Deductions) adjustments Income changes 2023
Entitas asosiasi/Associates
Metode ekuitas/Equity method
PT Amman Mineral
Internasional (AMI) 20,92 % 863.803.331 83.516.178 – – 53.315.813 1.000.635.322
PT Api Metra Graha (AMG) 49,00 % 100.994.713 – 551.836 – 6.268.248 107.814.797
Lain-lain/Others 50,00 % 4.280.580 – (17.376) – (10.527) 4.252.677
Sub-jumlah/Sub-total 969.078.624 83.516.178 534.460 – 59.573.534 1.112.702.796
Metode nilai wajar/Fair value
method
PT Donggi Senoro LNG
6)
(DSLNG) 11,11 % 159.687.226 13.255.656 – – – 172.942.882
PT Sumber Mineral Citra
1)2)
Nusantara (SMCN) 18,00 % 25.115.787 78.409.213 – – – 103.525.000
PT Teknologi Data
Infrastruktur (TDI) 5,00 % – 2.010.892 – – – 2.010.892
Sub-jumlah/Sub-total 184.803.013 93.675.761 – – – 278.478.774
Sub-jumlah entitas asosiasi/
Sub-total associates 1.153.881.637 177.191.939 534.460 – 59.573.534 1.391.181.570
Ventura bersama/Joint venture
Metode ekuitas/Equity method
Transasia Pipeline Company
Pvt. Ltd ("Transasia") 35,00 % 113.469.211 (6.139.291) 5) – 28.471.556 (22.800.157) 113.001.319
PT Medco Geopower Sarulla
(MGeoPS) 49,00 % 143.509.832 – 3.322.373 – 1.970.538 148.802.743
Sub-jumlah ventura bersama/
Sub-total joint venture 256.979.043 (6.139.291) 3.322.373 28.471.556 (20.829.619) 261.804.062
Jumlah/Total 1.410.860.680 171.052.648 3.856.833 28.471.556 38.743.915 1.652.985.632
2023 Annual Report PT Medco Energi Internasional Tbk 253
95
Page 256
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
14. INVESTASI JANGKA PANJANG (lanjutan) 14. LONG-TERM INVESTMENTS (continued)
Akun ini terdiri dari sebagai berikut: This account consists of the following:
2022
Selisih kurs Nilai tercatat
Nilai tercatat karena 31 Desember
1 Januari penjabaran 2022/
Persentase 2022/ Penambahan/ laporan Pendapatan Perubahan Carrying
Kepemilikan/ Carrying Additions keuangan/ bunga/ ekuitas/ value,
Percentage value January (Pengurangan)/ Translation Interest Equity December 31,
of ownership 1, 2022 (Deductions) adjustments income changes 2022
Entitas asosiasi/Associates
Metode ekuitas/Equity method
PT Amman Mineral
Internasional (AMI) 23,13 % 606.919.701 – – – 256.883.630 863.803.331
PT Api Metra Graha (AMG) 49,00 % 103.380.819 – (3.267.402) – 881.296 100.994.713
Lain-lain/Others 50,00 % 357.360 3.901.357 22.276 – (413) 4.280.580
Sub-jumlah/Sub-total 710.657.880 3.901.357 (3.245.126) – 257.764.513 969.078.624
Metode nilai wajar/Fair value
method
PT Donggi Senoro LNG
(DSLNG) 11,11 % 164.783.103 (5.095.877) 6) – – – 159.687.226
PT Sumber Mineral Citra
1)2)
Nusantara (SMCN) 18,00 % 15.625.267 9.490.520 – – – 25.115.787
Sub-jumlah/Sub-total
180.408.370 4.394.643 – – – 184.803.013
Sub-jumlah entitas asosiasi/
Sub-total associates 891.066.250 8.296.000 (3.245.126) – 257.764.513 1.153.881.637
Ventura bersama/Joint venture
Metode ekuitas/Equity method
Transasia Pipeline Company 3)5)
Pvt. Ltd ("Transasia") 35,00 % – 109.899.294 – 22.351.224 (18.781.307) 113.469.211
APICO LLC 27,18 % 46.110.576 (39.180.058) 4) – – (6.930.518) –
PT Medco Geopower Sarulla
(MGeoPS) 49,00 % 138.253.535 – (1.687.546) – 6.943.843 143.509.832
Sub-jumlah ventura bersama/
Sub-total joint venture 184.364.111 70.719.236 (1.687.546) 22.351.224 (18.767.982) 256.979.043
Jumlah/Total 1.075.430.361 79.015.236 (4.932.672) 22.351.224 238.996.531 1.410.860.680
1) Pada tahun yang berakhir pada 31 Desember 2023 dan 2022, Grup mengakui 1) For the years ended December 31, 2023 and 2022, the Group recognized a gain on
penyesuaian nilai wajar atas investasi pada PT Sumber Mineral Citra Nusantara fair value in PT Sumber Mineral Citra Nusantara amounting US$45,390,373 and
masing-masing sebesar AS$45.390.373 dan AS$4.090.520. US$4,090,520, respectively.
2) Selama tahun yang berakhir pada tanggal 31 Desember 2023 dan 2022, Grup telah 2) During the year ended December 31, 2023 and 2022, the Group has injected
melakukan penyetoran modal tambahan masing-masing sebesar AS$33.018.840 additional capital to PT Sumber Mineral Citra Nusantara (“SMCN”) amounting to
dan AS$5.400.000 kepada PT Sumber Mineral Citra Nusantara (“SMCN”) untuk US$33,018,840 and US$5,400,000, respectively, to maintain its share ownership
mempertahankan kepemilikan saham pada SMCN. percentage.
3) Pada tanggal 3 Maret 2022, Grup telah mengakuisisi saham 100% kepemilikan 3) On March 3, 2022, the Group has acquired 100% share ownership in
saham ConocoPhillips Indonesia Holding Ltd. (“CIHL”), dimana CIHL memiliki 35% ConocoPhillips Indonesia Holding Ltd. (“CIHL”), whereas CIHL owned 35% share
saham Transasia Pipeline Company Pvt. Ltd. Pada tanggal akuisisi tersebut, Grup ownership in Transasia Pipeline Company Pvt. Ltd. On the acquisition date, the
melakukan revisi nilai wajar untuk menunjukkan alokasi harga pembelian yang tepat Group has revised the fair value to reflect the correct purchase price allocation (Note
(Catatan 48) dan melakukan pencatatan menggunakan metode ekuitas. 48) and has recorded it using equity method.
4) Pada tanggal 31 Desember 2022, sehubungan dengan rencana pelepasan atas 4) As of December 31, 2022, in relation with the plan to sell its investment in APICO
investasi pada APICO LLC, Grup mereklasifikasikan investasi tersebut sebagai aset LLC, the Group reclassified the investment to asset held for sale.
dimiliki untuk dijual.
5) Pada tahun yang berakhir pada 31 Desember 2023 dan tahun 2022, penambahan/ 5) For the years ended December 31, 2023 and 2022, addition/deduction include
pengurangan termasuk pembayaran pinjaman kepada pemegang saham. payment of shareholder loans.
6) Pada tahun yang berakhir pada 31 Desember 2023 dan 2022, Grup mengakui 6) For the years ended December 31, 2023 and 2022, the Group recognized
penyesuaian nilai wajar atas investasi pada PT Donggi Senoro LNG masing-masing adjustment on fair value of investment in PT Donggi Senoro LNG amounting to
sebesar AS$13.255.656 dan (AS$5.095.877). US$13,255,656 and (US$5,095,877).
254 PT Medco Energi Internasional Tbk 2023 Annual Report
96
Page 257
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
14. INVESTASI JANGKA PANJANG (lanjutan) 14. LONG-TERM INVESTMENTS (continued)
Tabel berikut menyajikan perubahan ekuitas pada The following table illustrates the equity changes in
entitas asosiasi dan ventura bersama: associates and joint venture:
2023
Dampak
perubahan
Pendapatan transaksi
Persentase Laba (rugi) tahun komprehensif Dividen yang ekuitas/ Effect of
Kepemilikan/ berjalan/ Profit lain/ Other dideklarasikan/ changes in
Percentage of (loss) for the comprehensive Dividends equity
ownership year income declared transactions Jumlah/ Total
Entitas asosiasi/Associates
Metode ekuitas/Equity method
PT Amman Mineral Internasional
(AMI) 20,92 % 55.278.667 (1.962.854) – – 53.315.813
PT Api Metra Graha (AMG) 49,00 % 4.236.939 2.031.309 – – 6.268.248
Lain-lain/Others 50,00 % (23.568) 13.041 – – (10.527)
Sub-jumlah/Sub-total 59.492.038 81.496 – – 59.573.534
Ventura bersama/Joint venture
Metode ekuitas/Equity method
Transasia Pipeline Company
Pvt. Ltd ("Transasia") 35,00 % (22.800.157) – – – (22.800.157)
PT Medco Geopower Sarulla 49,00 % 2.636.177 (665.639) – – 1.970.538
Sub-jumlah/Sub-total (20.163.980) (665.639) – – (20.829.619)
Jumlah/Total 39.328.058 (584.143) – – 38.743.915
2022
Dampak
perubahan
Pendapatan transaksi
Persentase Laba (rugi) tahun komprehensif Dividen yang ekuitas/ Effect of
Kepemilikan/ berjalan/ Profit lain/ Other dideklarasikan/ changes in
Percentage of (loss) for the comprehensive Dividends equity
ownership year income declared transactions Jumlah/ Total
Entitas asosiasi/Associates
Metode ekuitas/Equity method
PT Amman Mineral
Internasional (AMI) 23,13 % 252.923.774 3.959.856 – – 256.883.630
PT Api Metra Graha (AMG) 49,00 % 1.204.333 (323.037) – – 881.296
Lain-lain/Others 50,00 % (413) – – – (413)
Sub-jumlah/Sub-total 254.127.694 3.636.819 – – 257.764.513
Ventura bersama/Joint venture
Metode ekuitas/Equity method
Transasia Pipeline Company
Pvt. Ltd ("Transasia") 35,00 % (18.781.307) – – – (18.781.307)
APICO LLC 27,18 % – – (6.930.518) – (6.930.518)
PT Medco Geopower Sarulla 49,00 % (2.436.378) 11.816.599 – (2.436.378) 6.943.843
Sub-jumlah/Sub-total (21.217.685) 11.816.599 (6.930.518) (2.436.378) (18.767.982)
Jumlah/Total 232.910.009 15.453.418 (6.930.518) (2.436.378) 238.996.531
2023 Annual Report PT Medco Energi Internasional Tbk 255
97
Page 258
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
14. INVESTASI JANGKA PANJANG (lanjutan) 14. LONG-TERM INVESTMENTS (continued)
Tabel berikut menyajikan ringkasan informasi The following table illustrates the summarized
keuangan entitas asosiasi dan ventura bersama: financial information of the associates and joint
venture:
Laporan posisi keuangan: Statement of financial position:
2023
Kepentingan
Liabilitas Liabilitas Ekuitas Non- Bagian Grup
jangka jangka entitas induk/ Pengendali/ Persentase atas aset Penyesuaian Nilai tercatat
Aset lancar/ Aset tidak pendek/ panjang/ Non- Equity of Non- Kepemilikan/ neto/ The ekuitas/ investasi/
Current lancar/ Non- Current current parent controlling Percentage Group's share Equity Investment
assets current assets liabilities liabilities company interest of ownership of net assets adjustment carrying value
Entitas asosiasi/
Associates
PT Amman Mineral
Internasional
(AMI) 2.544.318.000 6.552.735.000 774.120.000 3.687.388.000 4.549.969.000 85.576.000 20,92 % 951.853.515 48.781.807 1.000.635.322
PT Api Metra Graha
(AMG) 47.903.471 90.373.294 8.546.654 52.495.660 77.234.451 – 49,00 % 37.844.881 69.969.916 107.814.797
Lain-lain/Others 4.103.753 16.183.737 1.739.923 10.709.739 7.837.828 – 50,00 % 3.918.914 333.763 4.252.677
Sub-jumlah/Sub-
total 2.596.325.224 6.659.292.031 784.406.577 3.750.593.399 4.635.041.279 85.576.000 993.617.310 119.085.486 1.112.702.796
Ventura bersama/Joint
venture
Transasia Pipeline
Company Pvt.
Ltd ("Transasia") 484.568 282.802.684 186.957 984.621.392 (701.521.097) – 35,00 % (245.532.384) 358.533.703 113.001.319
PT Medco
Geopower
Sarulla
(MGeoPS) 117.754.943 438.170.431 291.939.484 56.887.919 207.097.971 – 49,00 % 101.478.006 47.324.737 148.802.743
Sub-jumlah/Sub-
total 118.239.511 720.973.115 292.126.441 1.041.509.311 (494.423.126) – (144.054.378) 405.858.440 261.804.062
Jumlah/Total 2.714.564.735 7.380.265.146 1.076.533.018 4.792.102.710 4.140.618.153 85.576.000 849.562.932 524.943.926 1.374.506.858
2022
Kepentingan
Liabilitas Liabilitas Ekuitas Non- Bagian Grup Nilai tercatat
jangka jangka entitas induk/ Pengendali/ Persentase atas aset Penyesuaian investasi/
Aset lancar/ Aset tidak pendek/ panjang/ Non- Equity of Non- Kepemilikan/ neto/ The ekuitas/ Investment
Current lancar/ Non- Current current parent controlling Percentage Group's share Equity carrying
assets current assets liabilities liabilities company interest of ownership of net assets adjustment value
Entitas asosiasi/
Associates
PT Amman Mineral
Internasional
(AMI) 1.881.272.000 4.617.687.000 545.805.000 2.343.855.000 3.528.749.000 80.550.000 23,13 % 816.199.644 47.603.687 863.803.331
PT Api Metra Graha
(AMG) 42.834.714 88.483.477 8.861.585 59.140.693 63.315.913 – 49,00 % 31.024.797 69.969.916 100.994.713
Lain-lain/Others 3.026.884 18.264.303 2.098.402 11.369.040 7.823.745 – 50,00 % 3.911.872 368.708 4.280.580
Sub-jumlah/Sub-
total 1.927.133.598 4.724.434.780 556.764.987 2.414.364.733 3.599.888.658 80.550.000 851.136.313 117.942.311 969.078.624
Ventura bersama/Joint
venture
Transasia Pipeline
Company Pvt.
Ltd ("Transasia") 1.016.317 267.189.213 335.210 904.248.115 (636.377.795) – 35,00 % (222.732.228) 336.201.439 2)) 113.469.211
APICO LLC 1) 28.730.397 162.920.013 26.323.357 7.263.233 158.063.820 – 27,18 % 42.961.746 (42.961.746) –
PT Medco
Geopower
Sarulla
(MGeoPS) 123.088.366 441.533.997 319.273.713 49.052.538 196.296.112 – 49,00 % 96.185.095 47.324.737 143.509.832
Sub-jumlah/Sub-
total 152.835.080 871.643.223 345.932.280 960.563.886 (282.017.863) – (83.585.387) 340.564.430 256.979.043
Jumlah/Total 2.079.968.678 5.596.078.003 902.697.267 3.374.928.619 3.317.870.795 80.550.000 767.550.926 458.506.741 1.226.057.667
1) Pada tanggal 31 Desember 2022, sehubungan dengan rencana pelepasan atas 1) As of December 31, 2022, in relation with the plan to sell its investment in APICO LLC,
investasi pada APICO LLC, Grup mereklasifikasikan investasi tersebut sebagai aset the Group reclassified the investment to asset held for sale.
dimiliki untuk dijual.
2) Penyesuaian ekuitas termasuk pinjaman pemegang saham yang merupakan 2) Equity adjustment included shareholder loan which represents long-term interest in the
kepentingan jangka panjang pada entitas asosiasi. associate.
256 PT Medco Energi Internasional Tbk 2023 Annual Report
98
Page 259
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
14. INVESTASI JANGKA PANJANG (lanjutan) 14. LONG-TERM INVESTMENTS (continued)
Tabel berikut menyajikan ringkasan informasi The following table illustrates the summarized
keuangan entitas asosiasi dan ventura bersama: financial information of the associates and joint
(lanjutan) venture: (continued)
Laporan laba rugi dan penghasilan Statement of profit or loss and other
komprehensif lain: comprehensive income:
2023
Jumlah
penghasilan
Pendapatan (rugi)
komprehensif komprehensif/ Persentase Bagian Investor
Pendapatan Lain/Other Total Kepemilikan/ atas laba (rugi)/
neto/ Net Laba (rugi)/ comprehensive comprehensive Percentage of Investor's share
revenues Profit (loss) income (loss) ownership on profit (loss)
Entitas asosiasi/Associates
PT Amman Mineral Internasional
(AMI) 2.033.365.000 252.144.000 (10.441.000) 241.703.000 20,92 % 55.278.667
PT Api Metra Graha (AMG) 21.373.560 8.646.814 4.145.528 12.792.342 49,00 % 4.236.939
Lain-lain/Others 2.003.993 (47.136) 26.082 (21.054) 50,00 % (23.568)
Sub-jumlah/Sub-total 2.056.742.553 260.743.678 (6.269.390) 254.474.288 59.492.038
Ventura bersama/Joint venture
Transasia Pipeline Company
Pvt. Ltd ("Transasia") 14.245.838 (65.143.305) – (65.143.305) 35,00 % (22.800.157)
PT Medco Geopower Sarulla
(MGeoPS) 52.427.260 5.379.953 (1.358.446) 4.021.507 49,00 % 2.636.177
Sub-jumlah/Sub-total 66.673.098 (59.763.352) (1.358.446) (61.121.798) (20.163.980)
Jumlah/Total 2.123.415.651 200.980.326 (7.627.836) 193.352.490 39.328.058
2022
Jumlah
penghasilan
Pendapatan (rugi)
komprehensif komprehensif/ Persentase Bagian Investor
Pendapatan Lain/Other Total Kepemilikan/ atas laba (rugi)/
neto/ Net Laba (rugi)/ comprehensive comprehensive Percentage of Investor's share
revenues Profit (loss) income (loss) ownership on profit (loss)
Entitas asosiasi/Associates
PT Amman Mineral Internasional
(AMI) 2.830.122.000 1.093.488.000 17.120.000 1.110.608.000 23,13 % 252.923.774
PT Api Metra Graha (AMG) 21.550.006 2.457.822 (659.259) 1.798.563 49,00 % 1.204.333
Lain-lain/Others – (826) – (826) 50,00 % (413)
Sub-jumlah/Sub-total 2.851.672.006 1.095.944.996 16.460.741 1.112.405.737 254.127.694
Ventura bersama/Joint venture
Transasia Pipeline Company
Pvt. Ltd ("Transasia") 29.377.224 (53.660.878) – (53.660.878) 35,00 % (18.781.307)
APICO LLC 67.397.261 – – – 27,18 % –
PT Medco Geopower Sarulla
(MGeoPS) 48.938.865 (4.972.200) 24.115.508 19.143.308 49,00 % (2.436.378)
Sub-jumlah/Sub-total 145.713.350 (58.633.078) 24.115.508 (34.517.570) (21.217.685)
Jumlah/Total 2.997.385.356 1.037.311.918 40.576.249 1.077.888.167 232.910.009
2023 Annual Report PT Medco Energi Internasional Tbk 257
99
Page 260
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
14. INVESTASI JANGKA PANJANG (lanjutan) 14. LONG-TERM INVESTMENTS (continued)
Entitas asosiasi dan ventura bersama tidak The associates and joint venture had no capital
mempunyai komitmen modal dan liabilitas commitments or contingent liabilities as of
kontinjensi pada tanggal 31 Desember 2023 dan December 31, 2023 and 2022.
2022.
Tidak ada pembatasan signifikan atas kemampuan There are no significant restrictions on the ability of
entitas asosiasi dan ventura bersama untuk associates and joint venture entity to transfer funds
mentransfer dana kepada Grup, kecuali untuk AMI to the Group, except for AMI and AMG.
dan AMG.
a. Entitas asosiasi dan ventura bersama – metode a. Associate and join ventures – equity method
ekuitas
PT Medco Geopower Sarulla (“MGeoPS”) PT Medco Geopower Sarulla (“MGeoPS”)
Pada tahun 2021, setelah divestasi 2% In 2021, after the 2% divestment of PT Medco
kepemilikan saham yang dimiliki oleh PT Medco Power Indonesia’s (“MPI”) share ownership in
Power Indonesia (MPI) atas MGeoPS kepada MGeoPS to PT Medco Daya Abadi Lestari, the
PT Medco Daya Abadi Lestari, sisa investasi remaining investment is accounted using equity
dicatat menggunakan metode ekuitas. method.
Pada tanggal 20 Oktober 2023, Agen Fasilitas On October 20, 2023, Global Facility Agent
Global Facility Agent (GFA) menyampaikan (GFA) announced the existence of Event of
bahwa telah terjadi Peristiwa Cidera Janji Default due to the historic Debt Service
(“Event of Default”) karena rasio Debt Service Coverage Ratio (DSCR) below the required ratio
Coverage Ratio (DSCR) historis pada tanggal value as of September 24, 2023, September 24,
24 September 2023, 24 September 2021, 24 2021, March 24, 2021 and September 24, 2020.
Maret 2021 dan 24 September 2020 berada di GFA also provided extention to SOL to take into
bawah nilai rasio yang dipersyaratkan. Agen account the ongoing actions to achieve the
Fasilitas GFA juga memberikan perpanjangan covenants as of March 24, 2024.
waktu kepada SOL untuk memenuhi komitmen
hingga 24 Maret 2024.
Pada tanggal 30 Maret 2022, 3 Oktober 2022 On March 30, 2022, October 3, 2022 and March
dan 30 Maret 2023, SOL telah 30, 2023, SOL has informed the Lenders that
menginformasikan kepada Pemberi Pinjaman the minimum required historical Debt Service
bahwa Debt Service Coverage Ratio historis, Coverage Ratio on the Calculation Date of
masing-masing, pada Tanggal Perhitungan 24 March 24, 2022, September 24, 2022 and March
Maret 2022, 24 September 2022 dan 24 Maret 24, 2023, respectively, was met. SOL has also
2023 telah mencapai nilai yang dipersyaratkan. continuously informed the Lenders of the
SOL juga telah menginformasikan situation developments.
perkembangan situasi kepada Pemberi
Pinjaman.
258 PT Medco Energi Internasional Tbk 2023 Annual Report
100
Page 261
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
14. INVESTASI JANGKA PANJANG (lanjutan) 14. LONG-TERM INVESTMENTS (continued)
a. Entitas asosiasi dan ventura bersama – metode a. Associate and join ventures – equity method
ekuitas (lanjutan) (continued)
PT Medco Geopower Sarulla (“MGeoPS”) PT Medco Geopower Sarulla (“MGeoPS”)
(lanjutan) (continued)
Dengan mempertimbangkan tindakan yang Taking into account the ongoing actions to repair
sedang berlangsung untuk memperbaiki sumur the well and associated production facilities,
dan fasilitas produksi terkait, termasuk including preparing for a long-term recovery plan
mempersiapkan rencana perbaikan jangka and achieved the above financial covenants as
panjang serta terpenuhinya ketentuan keuangan of March 24, 2023. SOL's management
pada tanggal 24 Maret 2023, manajemen SOL believes that the lenders will not exercise their
berkeyakinan bahwa pemberi pinjaman tidak rights to take over the SOL project or require
akan menggunakan hak mereka untuk SOL to repay outstanding loans, for at least the
mengambil alih proyek SOL atau meminta SOL next 12 months, eventhough the DSCR during
untuk melunasi pinjaman yang belum dibayar, 2020 and 2021 were below the required ratio
setidaknya selama 12 bulan ke depan, value and not yet obtained the waiver from
walaupun batasan DSCR selama tahun 2020 creditors.
dan 2021 di bawah nilai rasio yang
dipersyaratkan dan belum mendapatkan
pembebasan (waiver) dari para kreditur.
SOL telah memperoleh persetujuan Pemberi SOL has obtained the Lenders’ approval on the
Pinjaman terkait dengan rencana perbaikan long-term recovery plan, in which the sponsors
jangka panjang yang mana para sponsor telah have agreed to provide Standby Letter of Credit
sepakat untuk menerbitkan Standby Letter of (SBLC) to guarantee the fulfillment of SOL’s
Credit (SBLC) untuk memastikan terpenuhi payment terms to the Lenders in accordance to
kewajiban pembayaran SOL kepada pemberi the loan agreement during the long-term
pinjaman selama periode pelaksanaan recovery period. However, in the event that the
perbaikan jangka panjang tersebut. Dalam hal lender exercises its rights, MPI, as the holder of
pemberi pinjaman melaksanakan haknya, MPI 49% shares in MGeoPS, has sufficient cash
sebagai pemegang 49% saham di MGeoPS, balance and available financing facilities to fulfill
memiliki saldo kas yang cukup dan fasilitas MPI’s portion on the loan of SOL amounted to
pembiayaan yang tersedia untuk memenuhi US$143,932,081. Restoration of interest in SOL
bagian kewajiban MPI atas pinjaman SOL yaitu is dependent on risk and uncertainty over the
sebesar AS$143.932.081. Pemulihan success of running a long-term improvement
kepentingan di SOL bergantung kepada risiko effort. The carrying amount of the interest in
dan ketidakpastian atas keberhasilan SOL does not include any adjustments that may
menjalankan usaha perbaikan jangka panjang. arise from these uncertainties.
Nilai tercatat atas kepentingan di SOL tidak
mencakup penyesuaian yang mungkin timbul
dari ketidakpastian tersebut.
Perusahaan memberikan jaminan atas pinjaman The Company guaranteed the loan which is
yang diperoleh Sarulla Operations Ltd (SOL) obtained by Sarulla Operations Ltd (SOL) at the
sebesar kepemilikan efektif Perusahaan di SOL amount equivalent to its effective ownership in
sebesar 18,07% pada tanggal 31 Desember SOL amounted to 18.07% as of December 31,
2023 dan 2022. 2023 and 2022.
Sehubungan dengan perjanjian pinjaman bank In relation with the bank loan agreement of SOL,
SOL, SOL tidak diperbolehkan untuk SOL is not allowed to distribute dividends to its
membagikan dividen kepada para pemegang shareholders without written consent from the
sahamnya tanpa persetujuan tertulis dari bank. bank.
2023 Annual Report PT Medco Energi Internasional Tbk 259
101
Page 262
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
14. INVESTASI JANGKA PANJANG (lanjutan) 14. LONG-TERM INVESTMENTS (continued)
a. Entitas asosiasi dan ventura bersama – metode a. Associate and join ventures – equity method
ekuitas (lanjutan) (continued)
PT Medco Geopower Sarulla (“MGeoPS”) PT Medco Geopower Sarulla (“MGeoPS”)
(lanjutan) (continued)
Untuk tujuan pengujian penurunan nilai pada For impairment testing purposes on December
tanggal 31 Desember 2023 dan 2022, 31, 2023 and 2022, the calculation of
perhitungan jumlah terpulihkan investasi pada recoverable amount of the investment in shares
penyertaan saham berdasarkan proyeksi arus of stock is based on discounted cash flow
kas yang didiskontokan dari rencana bisnis yang projections from the business plan covering
mencakup periode kontrak jangka panjang. long-term contract period. The assessment
Penilaian tersebut memerlukan penggunaan require the use of estimates and assumptions
estimasi dan asumsi seperti tingkat diskonto, such as discount rate, gas prices, reserves,
harga gas, cadangan, beban modal, biaya capital expenses, operating costs and operating
operasi dan kinerja operasi (termasuk volume performance (which includes production and
produksi dan penjualan). Jumlah terpulihkan sales volumes). The recoverable amount is
dihitung oleh penilai independen. Perhitungan calculated by an independent appraiser. The
nilai wajar dikategorikan level 3 dari hirarki nilai calculation of fair value is categorized level 3 of
wajar. the fair value hierarchy.
Asumsi-asumsi utama yang digunakan Key assumptions used
Paragraf berikut menunjukkan informasi tentang The following paragraph shows the information
input signifikan yang tidak dapat diobservasi. about significant unobservable inputs.
a. Tingkat diskonto a. Discount rate
Pada tanggal 31 Desember 2023 dan 31 As at December 31, 2023 and December 31,
Desember 2022, tingkat diskonto sebelum 2022, the pre-tax discount rate applied to the
pajak yang diterapkan pada proyeksi arus cash flow projection is within the range of
kas masing-masing berada dalam kisaran 6.22% - 7.88% and 6.68% - 8.38%,
6,22% - 7,88% dan 6,68% - 8,38%. respectively.
b. Pengeluaran modal, biaya operasi dan b. Capital expenses, operating costs and
kinerja operasi operating performances
Asumsi-asumsi ini didasarkan pada kinerja These assumptions are based on the
operasi MGeoPS, beban modal dan rencana MGeoPS operating performance, capital
anggaran. expenses and budget plan.
c. Tarif listrik c. Electricity tariff
Asumsi ini didasarkan pada kontrak These assumptions are based on electricity
penjualan listrik dengan PLN. sales contract with PLN.
Berdasarkan hasil penelaahan atas investasi di Based on the review for investment in MGeoPS
MGeoPS pada akhir tahun, manajemen at the end of the year, management believes
berpendapat bahwa jumlah terpulihkan investasi that the recoverable amount exceeds the book
melebihi nilai tercatatnya sehingga tidak value therefore there is no provision for
diperlukan cadangan penurunan nilai pada impairment needed as December 31, 2023 and
tanggal 31 Desember 2023 dan 2022. 2022.
PT Amman Mineral Internasional PT Amman Mineral Internasional
Sehubungan dengan perjanjian pinjaman bank In relation with the bank loan agreement of
AMNT, AMI hanya diizinkan untuk membagikan AMNT, AMI is only allowed to distribute
dividen kepada pemegang saham hanya pada dividends to its shareholders only on or after the
atau setelah penawaran umum perdana atas initial public offering of AMI shares.
saham AMI.
Pada tanggal 31 Desember 2023 dan 2022, As of December 31, 2023 and 2022, based on
berdasarkan evaluasi manajemen, tidak management’s assessment, there are no
terdapat indikasi atau tidak ada faktor yang circumstances or no significant factors that
signifikan bahwa nilai tercatat investasi di AMI would indicate the carrying value of investment
mengalami penurunan nilai. in AMI may be impaired.
260 PT Medco Energi Internasional Tbk 2023 Annual Report
102
Page 263
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
14. INVESTASI JANGKA PANJANG (lanjutan) 14. LONG-TERM INVESTMENTS (continued)
a. Entitas asosiasi dan ventura bersama – metode a. Associate and join ventures – equity method
ekuitas (lanjutan) (continued)
PT Amman Mineral Internasional (lanjutan) PT Amman Mineral Internasional (continued)
Pada tanggal 7 Juli 2023, AMI telah terdaftar di On July 7, 2023, AMI was listed on the
Bursa Efek Indonesia (“BEI”) dengan kode Indonesia Stock Exchange (“IDX”), with ticker
emiten AMMN, melalui IPO dengan harga AMMN, through an IPO with an offering price of
penawaran Rp1.695 per lembar saham. AMI Rp1,695 per share. AMI issued 6.32 billion
menerbitkan 6,32 miliar lembar saham baru common new shares to the public representing
kepada masyarakat yang merupakan 8,8% dari 8.8% of total issued shares.
total saham telah diterbitkan.
Karena penerbitan saham baru tersebut, Following the issue of new shares to the public,
kepemilikan Grup di AMI mengalami penurunan the Group’s ownership in AMI was diluted from
dari sebelumnya 23,13% menjadi 21,09%. 23.13% to 21.09%. According to the AMMN
Berdasarkan Keterbukaan Informasi AMMN Disclosure of Information dated October 5, 2023,
tanggal 5 Oktober 2023, AMMN menerbitkan AMMN issued new shares for MSOP program
saham baru untuk program MSOP dengan with exercise period between October 5, 2023 to
tanggal periode pelaksanaan program MSOP November 15, 2023. When the MSOP program
antara 5 Oktober 2023 hingga 15 November was completed in Q4 2023, the Group’s
2023. Pada saat penyelesaian program MSOP ownership was diluted from 21.09% to 20.92%.
di kuartal IV 2023, kepemilikan Grup di AMI The Company recorded a US$83.8 million gain
mengalami penurunan dari 21,09% menjadi due to the dilution of its interest in AMI from
20,92%. Perusahaan mencatat keuntungan dari 23.13% to 20.92%.
penerunan kepemilikan di AMI dari 23,13%
menjadi 20,92% sebesar AS$83,8 juta.
PT Api Metra Graha PT Api Metra Graha
Pada tanggal 29 Maret 2019, Grup melakukan On March 29, 2019, the Group divested 51%
divestasi sebesar 51% saham kepemilikan pada share ownership in PT Api Metra Graha (AMG)
PT Api Metra Graha (AMG) kepada PT Medco to PT Medco Daya Abadi Lestari, parent entity.
Daya Abadi Lestari, entitas induk. Setelah After such divestment, the Group measured the
divestasi tersebut, Grup mencatat 49% 49% share ownership in AMG at fair value and
kepemilikan saham pada AMG pada nilai wajar this was subsequently accounted for as an
dan selanjutnya mencatat perubahan investasi investment using equity method with
menggunakan metode ekuitas mengingat Grup consideration that the Group has significant
memiliki pengaruh signifikan. influence.
Sehubungan dengan perjanjian pinjaman bank In relation with the bank loan agreement of
AMG, AMG tidak diperbolehkan untuk AMG, AMG is not allowed to distribute dividends
membagikan dividen kepada para pemegang to its shareholders without written consent from
sahamnya tanpa persetujuan tertulis dari bank. the bank.
Pada tanggal 31 Desember 2023 dan 2022, As of December 31, 2023 and 2022, based on
berdasarkan evaluasi manajemen, tidak management’s assessment, there are no
terdapat indikasi atau tidak ada faktor yang circumstances or no significant factors that
signifikan bahwa nilai tercatat investasi di AMG would indicate the carrying value of investment
mengalami penurunan nilai. in AMG may be impaired.
2023 Annual Report PT Medco Energi Internasional Tbk 261
103
Page 264
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
14. INVESTASI JANGKA PANJANG (lanjutan) 14. LONG-TERM INVESTMENTS (continued)
a. Entitas asosiasi dan ventura bersama – metode a. Associate and join ventures – equity method
ekuitas (lanjutan) (continued)
APICO LLC (“APICO”) APICO LLC (“APICO”)
Pada kuartal empat tahun 2022, Dewan Direksi In fourth quarter of 2022, the Company’s Board
menyetujui untuk melepas 27,18% investasi of Directors approved to sell 27.18% of long-
jangka panjang pada APICO LLC. Dengan term investment in APICO LLC. Therefore, the
demikian, Perusahaan memutuskan untuk Company decided to classify the investment to
mengklasifikasikan aset yang dimiliki untuk asset available for sale and present its financial
dijual dan menyajikan kinerja keuangannya performance as part of discontinued operations
sebagai bagian dari operasi yang dihentikan as of December 31, 2022 (Note 39 and 48).
pada tanggal 31 Desember 2022 (Catatan 39
dan 48).
Transaksi tersebut telah diselesaikan pada The transaction was completed on February 23,
tanggal 23 Februari 2023. 2023.
Transasia Pipeline Company Pvt. Ltd. Transasia Pipeline Company Pvt. Ltd.
Transasia Pipeline Company Pvt. Ltd. Transasia Pipeline Company Pvt. Ltd.
(“Transasia”) adalah perusahaan tertutup yang (“Transasia”) is a private company incorporated
didirikan di Mauritius. Transasia adalah in Mauritius. Transasia is an investment holding
perusahaan induk investasi dengan 40% company with a 40% ownership in PT
kepemilikan pada PT Transportasi Gas Transportasi Gas Indonesia (“TGI”), a company
Indonesia (“TGI”), yaitu perusahaan yang engaged in the transportation of natural gas
bergerak di bidang transportasi gas alam melalui through its pipeline. TGI is incorporated and
jalur pipa yang dimilikinya. TGI didirikan dan domiciled in the Republic of Indonesia.
berdomisili di Republik Indonesia.
Infrastruktur pipa gas TGI, yang terdiri dari TGI’s gas infrastructures, which consist of the
Jaringan Pipa Transmisi Grissik-Duri (“GD”) dan Grissik-Duri (“GD”) Pipeline and Grissik-
Grissik-Singapura (“GS”) diserahterimakan dari Singapore (“GS”) Pipeline were transferred from
PT Perusahaan Gas Negara (Persero) Tbk. PT Perusahaan Gas Negara (Persero) Tbk.
(“PGN”) – pemegang saham mayoritas TGI. TGI (“PGN”) – the majority shareholder. TGI began
mulai mengoperasikan Jaringan Pipa Transmisi operating the GD Pipeline on the date of the
GD sejak tanggal Perjanjian Pengalihan Aset, Asset Transfer Agreement, which was on
yaitu tanggal 9 Maret 2002, dan Jaringan Pipa March 9, 2002 and the GS Pipeline on the date
Transmisi GS sejak tanggal pengalihan aset, of asset transfer, which was on June 2, 2004.
yaitu tanggal 2 Juni 2004.
Untuk tujuan pengujian penurunan nilai pada For impairment testing purposes on December
tanggal 31 Desember 2023 dan 2022, jumlah 31, 2023 and 2022, the recoverable amount of
terpulihkan dari penyertaan saham diukur untuk the investments is measured for each of the
setiap entitas anak Transasia berdasarkan subsidiaries of Transasia based on a
kombinasi “nilai pakai” (value in use) combination of “value-in-use” using discounted
menggunakan proyeksi arus kas yang cash flows projections from the business plan
didiskontokan dari rencana bisnis yang covering the long-term contract period and
mencakup periode kontrak jangka panjang dan adjusted net assets method. The recoverable
metode aset bersih yang disesuaikan. Jumlah amounts are calculated by the independent
terpulihkan dihitung oleh penilai independen. appraiser.
262 PT Medco Energi Internasional Tbk 2023 Annual Report
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Page 265
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
14. INVESTASI JANGKA PANJANG (lanjutan) 14. LONG-TERM INVESTMENTS (continued)
a. Entitas asosiasi dan ventura bersama – metode a. Associate and join ventures – equity method
ekuitas (lanjutan) (continued)
Transasia Pipeline Company Pvt. Ltd. Transasia Pipeline Company Pvt. Ltd.
(lanjutan) (continued)
Berdasarkan hasil penelaahan atas investasi di Based on the review for investment in Transasia
Transasia pada akhir tahun, manajemen at the end of the year, management believes
berpendapat bahwa jumlah terpulihkan investasi that the recoverable amount exceeds its the
melebihi nilai tercatatnya sehingga tidak book value, therefore, there is no provision for
diperlukan cadangan penurunan nilai pada impairment needed as December 31, 2023 and
tanggal 31 Desember 2023 dan 2022. 2022.
Pinjaman pemegang saham Shareholder loan
Grup memiliki perjanjian pinjaman pemegang The Group had shareholder loan agreement with
saham dengan Transasia. Pinjaman pemegang Transasia. The shareholder's loans are
saham tersebut tidak dijamin, dikenakan bunga unsecured, bears interest at 10% per annum
sebesar 10% dan dibayarkan sesuai permintaan and are payable on demand subject to the
dengan persetujuan dewan Grup. approval of the board of the Group.
Pada tanggal 31 Desember 2023 dan 2022, As of December 31, 2023 and 2022, the balance
pinjaman pemegang saham membentuk nilai of the shareholder loan forms part of the
investasi neto Grup pada entitas asosiasi carrying amount of the Group’s net investment in
dikarenakan akumulasi rugi entitas asosiasi associate due to accumulated loss of the
telah melebihi kepentingannya dan pinjaman associate already exceeded its interest and the
pemegang saham merupakan kepentingan shareholder loan represents long-term interest in
jangka panjang pada entitas asosiasi. the associate.
b. Investasi ekuitas pada nilai wajar melalui laba b. Equity investments at fair value through profit or
rugi loss
Grup memiliki investasi saham (saham tidak The Group has investments in shares of stock
diperdagangkan) yang diklasifikasikan oleh Grup (unlisted shares) that are classified by the Group
sebagai aset keuangan yang diukur pada nilai as financial assets at fair value through profit or
wajar melalui laba rugi sesuai dengan PSAK 71 loss in accordance with PSAK 71 (since January
(sejak tanggal 1 Januari 2024 dirujuk sebagai 1, 2024 referred to as PSAK 109), with details
PSAK 109), dengan rincian sebagai berikut: as follows:
PT Donggi Senoro LNG (“DSLNG”) PT Donggi Senoro LNG (“DSLNG”)
Perusahaan melalui anak perusahaannya, PT The Company, through its subsidiary, PT Medco
Medco LNG Indonesia (“MLI”) memiliki 11,11% LNG Indonesia (“MLI”) holds a 11.11% interest
saham DSLNG, sebuah perusahaan yang in the equity of DSLNG, a company which was
didirikan pada Desember 2007 untuk established in December 2007 to produce LNG
memproduksi LNG dengan persediaan dasar with gas feed stock from Donggi and Senoro gas
gas dari lapangan gas Donggi dan Senoro. fields. DSLNG started commercial operations in
DSLNG mulai beroperasi secara komersial pada July 2015.
Juli 2015.
2023 Annual Report PT Medco Energi Internasional Tbk 263
105
Page 266
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
14. INVESTASI JANGKA PANJANG (lanjutan) 14. LONG-TERM INVESTMENTS (continued)
b. Investasi ekuitas pada nilai wajar melalui laba b. Equity investments at fair value through profit or
rugi (lanjutan) loss (continued)
PT Donggi Senoro LNG (“DSLNG”) (lanjutan) PT Donggi Senoro LNG (“DSLNG”)
(continued)
Asumsi-asumsi utama yang digunakan Key assumptions used
Perhitungan nilai wajar penyertaan saham pada The calculation of fair value of the investment in
tanggal 31 Desember 2023 dan 2022 dilakukan shares of stock as of December 31, 2023 and
oleh penilai independen berdasarkan proyeksi 2022 are performed by independent appraiser
arus kas yang didiskontokan dari rencana bisnis based on discounted cash flow projections from
yang mencakup periode kontrak jangka panjang the business plan covering the long-term
dan metode guideline publicly traded companies contract period and guideline publicly traded
(GPTC). Penilaian tersebut memerlukan companies (GPTC) method. The assessment
penggunaan estimasi dan asumsi seperti tingkat require the use of estimates and assumptions
diskonto, harga gas, cadangan, beban modal, such as discount rate, gas prices, reserves,
biaya operasi dan kinerja operasi (termasuk capital expenses, operating costs and operating
volume produksi dan penjualan). Perhitungan performance (which includes production and
nilai wajar dikategorikan level 3 dari hirarki nilai sales volumes). The calculation of fair value is
wajar. categorized level 3 of the fair value hierarchy.
Paragraf berikut menunjukkan informasi tentang The following paragraph shows the information
input signifikan yang tidak dapat diobservasi. about significant unobservable inputs.
a. Tingkat diskonto a. Discount rate
Pada tanggal 31 Desember 2023 dan 2022, As at December 31, 2023 and 2022, the pre-
tingkat diskonto sebelum pajak yang tax discount rate applied to the cash flow
diterapkan pada proyeksi arus kas berada projection is within the range of 9.70% -
pada kisaran 9,70% - 10,25% dan 11,69% - 10.25% and 11.69% - 13.05%, respectively.
13,05%.
b. Harga LNG b. LNG prices
Perkiraan harga LNG didasarkan pada Forecasted LNG prices are based on
perkiraan manajemen, data transaksi seperti management’s estimates, transaction data
perjanjian penjualan dan data pasar yang such as sales agreements and available
tersedia. market data.
c. Pengeluaran modal, biaya operasi dan c. Capital expenses, operating costs and
kinerja operasi operating performances
Asumsi-asumsi ini didasarkan pada kinerja These assumptions are based on the
operasi Perusahaan, beban modal dan Company’s operating performance, capital
rencana anggaran. Manajemen memiliki expenses and budget plan. The
kendali penuh atas biaya, dan yakin bahwa management has full control over the costs,
asumsi tersebut cukup wajar dan akan dapat and believes the assumptions are
dicapai. reasonable and will be achievable.
d. Cadangan d. Reserves
Asumsi ini didasarkan pada laporan These assumptions are based on the
cadangan dan informasi dari konsultan reserves report and information from
cadangan independen dan teknis. independent reserves and technical
consultants.
Perubahan asumsi yang digunakan oleh Changes to the assumptions used by the
manajemen untuk menentukan nilai wajar, management to determine the fair value, in
khususnya tingkat diskonto, dapat berdampak particular the discount rate, can have significant
signifikan terhadap hasil penilaian nilai wajar. impact on the result of the fair value
assessment.
264 PT Medco Energi Internasional Tbk 2023 Annual Report
106
Page 267
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
14. INVESTASI JANGKA PANJANG (lanjutan) 14. LONG-TERM INVESTMENTS (continued)
b. Investasi ekuitas pada nilai wajar melalui laba b. Equity investments at fair value through profit or
rugi (lanjutan) loss (continued)
PT Donggi Senoro LNG (“DSLNG”) (lanjutan) PT Donggi Senoro LNG (“DSLNG”)
(continued)
Manajemen berpendapat bahwa tidak ada Management is of the opinion that there was no
kemungkinan perubahan yang wajar atas salah reasonably possible change in any of the key
satu asumsi utama yang disebutkan di atas assumptions stated above that would cause the
yang akan menyebabkan jumlah tercatat secara carrying amount to materially exceed its
material melebihi jumlah terpulihkannya. recoverable amount.
Pada tanggal 27 Mei 2022, PT Medco LNG On May 27, 2022, PT Medco LNG Indonesia
Indonesia (“MLI”) telah menerima pembayaran (“MLI”) received a dividend payment from
dividen dari DSLNG sebesar AS$28,1 juta. DSLNG amounting to US$28.1 million.
Pada tanggal 30 Mei 2023, PT MLI telah On May 30, 2023, PT MLI received a dividend
menerima pembayaran dividen dari DSLNG payment from DSLNG amounting to US$31.8
sebesar AS$31,8 juta. million.
Pada Juni 2023, DSLNG (sebagai pihak In June 2023, DSLNG (as the buyer) and PT
pembeli) dan PT MLI (sebagai pihak penjual) MLI (as the seller) mutually agreed the sale and
bersama-sama sepakat untuk transaksi jual dan purchase of 70,041 shares of DSLNG at the
beli saham DSLNG sebanyak 70.041 lembar total amount of US$10.5 million.
dengan nilai total AS$10,5 juta.
PT Sumber Mineral Citra Nusantara PT Sumber Mineral Citra Nusantara
(“SMCN”) (“SMCN”)
Perusahaan melakukan penyetoran modal The Company injected additional capital totaling
tambahan sebesar AS$7.362.000 pada bulan US$7,362,000 in March and April 2021 and
Maret dan April 2021, dan AS$5.400.000 pada US$5,400,000 in June 2022, to maintain its 18%
bulan Juni 2022, untuk mempertahankan porsi ownership in SMCN.
kepemilikan di SMCN sebesar 18%.
Selama tahun 2023, Perusahaan telah During 2023, the Company injected additional
melakukan penyetoran modal tambahan capital totalling US$33 million, to maintain its
sebesar AS$33 juta, untuk mempertahankan 18% ownership in SMCN.
porsi kepemilikan di SMCN sebesar 18%.
Asumsi-asumsi utama yang digunakan Key assumptions used
Perhitungan nilai wajar penyertaan saham pada The calculation of fair value of the investment in
tanggal 31 Desember 2023 dan 2022 ditentukan shares of stock as of December 31, 2023 and
menggunakan pendekatan pasar dengan 2022 is determined using market approach
menggunakan metode guideline publicly traded using guideline publicly traded companies
companies (“GPTC”) berdasarkan laporan (“GPTC”) method based on independent
penilai independen. Berdasarkan metode appraisal report. Under the market approach
pendekatan pasar GPTC, nilai wajar diperoleh GPTC method, the fair value is derived from
dari harga perdagangan sejumlah perusahaan trading price multiples of selected set of
publik yang sebanding (yaitu: perusahaan comparable public companies (i.e.: guideline
pemandu) dengan objek penilaian pada tanggal companies) to the valuation object at the
penilaian. Perbandingan rasio yang digunakan valuation date. The comparative ratios used are
adalah Price to Earning, Price to Sales dan Price to Earnings, Price to Sales and Market
Market Value of Invested Capital to Book Value Value of Invested Capital to Book Value of
of Invested Capital. Perhitungan nilai wajar Invested Capital. The calculation of fair value is
dikategorikan level 3 dari hirarki nilai wajar. categorized level 3 of the fair value hierarchy.
2023 Annual Report PT Medco Energi Internasional Tbk 265
107
Page 268
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
14. INVESTASI JANGKA PANJANG (lanjutan) 14. LONG-TERM INVESTMENTS (continued)
b. Investasi ekuitas pada nilai wajar melalui laba b. Equity investments at fair value through profit or
rugi (lanjutan) loss (continued)
PT Sumber Mineral Citra Nusantara PT Sumber Mineral Citra Nusantara
(“SMCN”) (lanjutan) (“SMCN”) (continued)
Perubahan asumsi yang digunakan oleh Changes to the assumptions used by the
manajemen untuk menentukan nilai wajar, management to determine the fair value, in
khususnya harga pasar, dapat berdampak particular the market prices, can have significant
signifikan terhadap hasil penilaian nilai wajar. impact on the result of the fair value
assessment.
Manajemen berpendapat bahwa tidak ada Management is of the opinion that there was no
kemungkinan perubahan yang wajar atas salah reasonably possible change in any of the key
satu asumsi utama yang disebutkan di atas assumptions stated above that would cause the
yang akan menyebabkan jumlah tercatat secara carrying amount to materially exceed its
material melebihi jumlah terpulihkannya. recoverable amount.
15. ASET TETAP 15. PROPERTY, PLANT AND EQUIPMENT
Akun ini terdiri dari sebagai berikut: This account consists of the following:
2023
Saldo Akhir 31
Saldo Awal 1 Desember
Januari 2023/ Penjabaran 2023/
Beginning Laporan Ending
Balance Keuangan/ Balance
January 1, Penambahan/ Pengurangan/ Reklasifikasi/ Translation December 31,
2023 Additions Deductions Reclassification Adjustments 2023
Biaya Perolehan Acquisition Cost
Tanah 9.959.440 – – – 71.168 10.030.608 Land
Buildings and
Bangunan dan prasarana 11.442.648 – – – 43.758 11.486.406 improvements
Mesin 54.217.169 3.804.341 (15.635.985) – 1.362.582 43.748.107 Machinery
Peralatan dan perlengkapan Drilling rigs and
pengeboran 47.176.778 – – – – 47.176.778 equipment
Peralatan wireline logging Wireline logging and
dan aksesoris 5.970.806 – (53.350) – – 5.917.456 accessories
Kendaraan bermotor 5.386.851 60.251 (2.679.794) – 17.872 2.785.180 Vehicles
Office and other
Peralatan kantor dan lainnya 17.719.040 2.582.390 (2.307.530) 3.099 626.661 18.623.660 equipment
Leasehold improvements 5.330.000 992.834 – 8.198.009 80.175 14.601.018 Leasehold improvements
Peralatan 2.515.488 – – 1.011.470 – 3.526.958 Tools
Aset Tetap dalam
Pembangunan 19.474.879 37.106.766 (32.484.707) (8.476.670) 589.480 16.209.748 Construction in Progress
Jumlah Biaya Perolehan 179.193.099 44.546.582 (53.161.366) 735.908 2.791.696 174.105.919 Total Acquisition Costs
Accumulated
Akumulasi Penyusutan Depreciation
Buildings and
Bangunan dan prasarana 6.441.603 574.541 – – 25.824 7.041.968 improvements
Mesin 31.700.362 5.730.623 (15.635.985) – 198.353 21.993.353 Machinery
Peralatan dan perlengkapan Drilling rigs and
pengeboran 32.804.425 2.207.284 (225.713) – – 34.785.996 equipment
Peralatan wireline logging Wireline logging and
dan aksesoris 4.772.916 358.703 – – – 5.131.619 accessories
Kendaraan bermotor 4.865.951 296.929 (2.678.681) – 15.178 2.499.377 Vehicles
Office and other
Peralatan kantor dan lainnya 15.806.813 1.538.522 (2.310.833) – 73.675 15.108.177 equipment
Leasehold improvements 1.816.000 2.312.595 – – 8.876 4.137.471 Leasehold Improvements
Peralatan 1.243.922 112.857 – – – 1.356.779 Tools
Jumlah Akumulasi Total Accumulated
Penyusutan 99.451.992 13.132.054 (20.851.212) – 321.906 92.054.740 Depreciation
Akumulasi Penurunan Nilai Accumulated Impairment
Penurunan Nilai 17.836.413 – (376.342) – (84.198) 17.375.873 Impairment
Nilai Tercatat 61.904.694 64.675.306 Carrying Value
266 PT Medco Energi Internasional Tbk 2023 Annual Report
108
Page 269
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
15. ASET TETAP (lanjutan) 15. PROPERTY, PLANT AND EQUIPMENT
(continued)
Akun ini terdiri dari sebagai berikut: (lanjutan) This account consists of the following: (continued)
2022
Saldo Awal Saldo Akhir
1 Januari 31 Desember
2022/ Penjabaran 2022/
Beginning Laporan Ending
Balance Keuangan/ Balance
January 1, Penambahan/ Pengurangan/ Reklasifikasi/ Translation December 31,
2022 Additions Deductions Reclassification Adjustments 2022
Biaya Perolehan Acquisition Cost
Tanah 8.211.137 2.105.115 – – (356.812) 9.959.440 Land
Bangunan dan prasarana 11.815.199 19.943 – – (392.494) 11.442.648 Buildings and improvements
Mesin 50.774.348 12.477.451 (5.136.768) – (3.897.862) 54.217.169 Machinery
Peralatan dan perlengkapan
pengeboran 51.745.857 – (4.569.079) – – 47.176.778 Drilling rigs and equipment
Peralatan wireline logging Wireline logging and
dan aksesoris 6.236.050 – (265.244) – – 5.970.806 accessories
Kendaraan bermotor 5.110.080 379.463 – (2.979) (99.713) 5.386.851 Vehicles
Peralatan kantor dan lainnya 16.514.966 2.293.551 (29.383) (58.109) (1.001.985) 17.719.040 Office and other equipment
Leasehold improvements 1.931.345 3.652.547 – – (253.892) 5.330.000 Leasehold Improvements
Peralatan 2.515.488 – – – – 2.515.488 Tools
Aset Tetap dalam
Pembangunan 18.151.242 13.764.449 – (11.602.118) (838.694) 19.474.879 Construction in progress
Jumlah Biaya Perolehan 173.005.712 34.692.519 (10.000.474) (11.663.206) (6.841.452) 179.193.099 Total Acquisition Costs
Akumulasi Penyusutan Accumulated Depreciation
Bangunan dan prasarana 6.033.534 636.506 – (62.687) (165.750) 6.441.603 Buildings and improvements
Mesin 35.237.815 4.086.102 (5.136.768) – (2.486.787) 31.700.362 Machinery
Peralatan dan perlengkapan
pengeboran 32.491.632 2.780.688 (2.467.895) – – 32.804.425 Drilling rigs and equipment
Peralatan wireline logging Wireline logging and
dan aksesoris 7.986.744 36.929 (2.276.252) – (974.505) 4.772.916 accessories
Kendaraan bermotor 4.648.395 301.510 – (1.521) (82.433) 4.865.951 Vehicles
Peralatan kantor dan lainnya 15.343.595 988.974 (29.305) (8.001) (488.450) 15.806.813 Office and other equipment
Leasehold improvements 1.588.985 276.293 – – (49.278) 1.816.000 Leasehold improvements
Peralatan 1.306.105 28.071 (90.254) – – 1.243.922 Tools
Jumlah Akumulasi Total Accumulated
Penyusutan 104.636.805 9.135.073 (10.000.474) (72.209) (4.247.203) 99.451.992 Depreciation
Akumulasi Penurunan Nilai Accumulated Impairment
Penurunan Nilai 17.996.828 – – – (160.415) 17.836.413 Impairment
Nilai Tercatat 50.372.079 61.904.694 Carrying Value
Beban penyusutan dialokasikan sebagai berikut: Allocation of depreciation expense is as follows:
2023 2022
Operasi yang dilanjutkan Continuing Operations
Beban pokok penjualan dan Cost of revenues and other direct
biaya langsung lainnya 10.470.207 6.380.007 costs_-
Beban penjualan, umum dan Selling, general and administrative
administrasi (Catatan 36) 2.661.847 2.726.005 expenses (Note 36)
Jumlah 13.132.054 9.106.012 Total
2023 Annual Report PT Medco Energi Internasional Tbk 267
109
Page 270
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
15. ASET TETAP (lanjutan) 15. PROPERTY, PLANT AND EQUIPMENT
(continued)
Tidak ada aset tetap yang digunakan sebagai There is no property, plant and equipment used as
jaminan atas utang yang diperoleh oleh collateral to the loans obtained by the Company
Perusahaan dan Entitas Anaknya. and its Subsidiaries.
Beberapa pelepasan aset tetap adalah sebagai Disposals of property, plant and equipment are as
berikut: follows:
2023 2022
Biaya 20.676.660 10.000.474 Cost
Akumulasi penyusutan (20.851.212) (10.000.474) Accumulated depreciation
Penurunan nilai – – Impairment
Nilai tercatat (174.552) – Carrying amount
Harga Jual 590.992 – Selling price
Keuntungan atas pelepasan 765.544 – Gain on disposal
Aset tetap dalam pembangunan Construction in progress
Aset dalam pembangunan sebagian besar Construction in progress mostly represents office
merupakan renovasi kantor dan konstruksi renovation and construction of preparation for solar
persiapan pembangkit listrik tenaga surya dengan power plant with details as follows:
keterangan sebagai berikut:
2023 2022
Bangunan dan prasarana Buildings and improvements
Nilai tercatat – 5.917.227 Carrying value
Persentase penyelesaian –% 83 % Percentage of completion
Estimasi tahun penyelesaian – 2024 Estimated completion year
Mesin Machinery
Nilai tercatat 19.065.132 11.470.060 Carrying value
Persentase penyelesaian 17 % 7% Percentage of completion
Estimasi tahun penyelesaian 2025 2024 Estimated completion year
Manajemen berkeyakinan tidak terdapat hambatan Management believes that there will be no
dalam proses penyelesaian aset tetap dalam difficulties in the completion of the construction in
pembangunan. progress.
Tidak ada biaya pinjaman yang dikapitalisasi ke There were no borrowing costs capitalized to
aset tetap untuk tahun yang berakhir pada tanggal property, plant and equipment for the years ended
31 Desember 2023 dan 2022. December 31, 2023 and 2022.
Seluruh persediaan (Catatan 10) dan aset tetap, All inventories (Note 10) and property, plant and
kecuali tanah, termasuk aset tetap dalam perjanjian equipment, except land, including property, plant
mengandung sewa (Catatan 8) telah diasuransikan and equipment under an arrangement containing a
terhadap risiko kebakaran, pencurian dan risiko lease (Note 8) were insured against fire, theft and
lainnya dengan nilai pertanggungan sebesar other possible risks for US$1.4 billion and Rp569,0
AS$1,4 miliar dan Rp569,0 miliar pada tanggal billion as of December 31, 2023 and US$1.4 billion
31 Desember 2023 dan AS$1,4 miliar dan Rp602,8 and Rp602.8 billion as of December 31, 2022.
miliar pada tanggal 31 Desember 2022. Manajemen Management believes that the insurance coverage
berkeyakinan bahwa nilai pertanggungan tersebut is adequate to cover possible losses on the assets
adalah cukup untuk menutupi kemungkinan insured.
kerugian atas aset yang dipertanggungkan.
268 PT Medco Energi Internasional Tbk 2023 Annual Report
110
Page 271
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
15. ASET TETAP (lanjutan) 15. PROPERTY, PLANT AND EQUIPMENT
(continued)
Aset tetap dalam pembangunan pada tanggal 31 Construction in progress as of December 31, 2022
Desember 2022 yang telah mencapai tahapan which has started commercial operations in 2022
operasi komersial pada tahun 2022 adalah was the solar photovoltaic power plant located in
pembangkit listrik solar photovoltaik yang berlokasi Sumbawa, West Nusa Tenggara with capacity of
di Sumbawa, Nusa Tenggara Barat dengan 20.6 MW. Related construction cost which
kapasitas 20,6 MW. Biaya konstruksinya sebesar amounted to US$11.13 million was reclassified to
AS$11,13 juta direklasifikasi sebagai piutang sewa finance lease receivables (Note 8) in accordance
pembiayaan (Catatan 8) sesuai dengan Perjanjian with the Lease, Operation and Maintenance of
Sewa, Pengoperasian dan Pemeliharaan Solar Solar Photovoltaic Agreement with PT Amman
Photovoltaik dengan PT Amman Mineral Nusa Mineral Nusa Tenggara (Note 49b).
Tenggara (Catatan 49b).
Pada tanggal 31 Desember 2023 dan 2022, biaya As of December 31, 2023 and 2022, the cost of
perolehan aset tetap yang telah disusutkan penuh property, plant and equipment that have been fully
namun masih digunakan oleh Grup masing-masing depreciated but are still being used by the Group
sebesar AS$15,0 juta dan AS$8,9 juta terdiri atas amounted to US$15.0 million and US$8.9 million,
mesin dan peralatan kantor dan lainnya. respectively, consisting of machinery and office and
other equipment.
Berdasarkan laporan penilai independen dan Based on the report of an independent appraiser
penilaian internal manajemen, nilai wajar aset tetap and management internal valuation, the fair value of
Grup (terutama terdiri dari aset bidang usaha listrik) the Group’s property, plant and equipment (mostly
pada tanggal 31 Desember 2023 sebesar AS$43,1 consist of assets from power business activities) as
juta. Jumlah nilai wajar pada tanggal 31 Desember of December 31, 2023 amounted to US$43.1
2023 masuk dalam kategori level 3 pada hierarki million. The fair value as of December 31, 2023
nilai wajar. Pendekatan penilaian nilai wajar were categorized as level 3 in the fair value
menggunakan pendekatan pasar dan pendekatan hierarchy. The assessment of fair value is using the
biaya. market approach and cost approach.
Pada 31 Desember 2023 dan 2022, manajemen As of December 31, 2023 and 2022, the
berpendapat bahwa penyisihan penurunan nilai management is of the opinion that the allowance for
yang dicadangkan adalah cukup dan tidak impairment losses were adequate and no further
diperlukan penurunan nilai lebih lanjut atas aset impairment on the remaining property, plant and
tetap lainnya. equipment is necessary.
16. ASET HAK GUNA 16. RIGHT-OF-USE ASSETS
Grup menyewa beberapa aset termasuk peralatan The Group leases several assets including
kantor dan lainnya, bangunan dan prasarana, equipment, building and land improvements,
mesin, dan kendaraan, yang pada umumnya machinery and vehicles which generally have lease
memiliki masa sewa antara 1 sampai 13 tahun. terms between 1 to 13 years.
Grup mempunyai sewa tertentu dengan masa sewa The Group also has certain leases with lease terms
12 bulan atau kurang dan sewa bernilai rendah. of 12 months or less and low value leases. The
Grup menerapkan pengecualian pengakuan sewa Group applies the short-term lease and lease of
jangka pendek dan sewa bernilai rendah untuk low-value assets recognition exemptions for these
sewa tersebut. leases.
2023 Annual Report PT Medco Energi Internasional Tbk 269
111
Page 272
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
16. ASET HAK GUNA (lanjutan) 16. RIGHT-OF-USE ASSETS (continued)
Nilai tercatat untuk aset hak guna adalah sebagai The carrying value of right-of-use assets are as
berikut: follows:
2023
Saldo Awal Saldo Akhir 31
1 Januari Desember
2023/ Penjabaran 2023/
Beginning Laporan Ending
Balance Keuangan/ Balance
January 1, Penambahan/ Pengurangan/ Translation December 31,
2023 Additions Deductions Adjustments 2023
Biaya perolehan At cost
Bangunan dan prasarana 45.740.116 3.515.251 (4.488.497) 34.054 44.800.924 Building and land improvements
Mesin 191.223.038 99.872.624 (15.361.443) – 275.734.219 Machinery
Peralatan 4.073.551 4.692.178 (4.340) (78.075) 8.683.314 Equipment
Kendaraan 63.743.009 72.160.462 (16.757.446) (585) 119.145.440 Vehicles
Jumlah 304.779.714 180.240.515 (36.611.726) (44.606) 448.363.897 Total
Akumulasi penyusutan Accumulated depreciation
Bangunan dan prasarana 24.121.156 11.012.836 (4.488.497) 24.268 30.669.763 Building and land improvements
Mesin 103.028.265 71.247.721 (15.361.443) – 158.914.543 Machinery
Peralatan 1.045.193 1.310.618 (4.340) (78.605) 2.272.866 Equipment
Kendaraan 30.309.957 27.676.085 (16.757.446) 1.175 41.229.771 Vehicles
Jumlah 158.504.571 111.247.260 (36.611.726) (53.162) 233.086.943 Total
Nilai tercatat 146.275.143 215.276.954 Carrying value
d
2022
Saldo Awal Reklasifikasi Saldo Akhir
1 Januari ke operasi 31 Desember
2022/ Penjabaran yang 2022/
Beginning Laporan dihentikan/ Ending
Balance Keuangan/ Reclass to Balance
January 1, Penambahan/ Pengurangan/ Translation Discontinued December 31,
2022 Additions Deductions Adjustments Operations 2022
Biaya perolehan At cost
Building and land
Bangunan dan prasarana 41.156.308 6.434.287 (1.472.042) (378.437) – 45.740.116 improvements
Mesin 225.331.612 42.302.917 (21.651.873) – (54.759.618) 191.223.038 Machinery
Peralatan 211.009 3.949.275 – (86.733) – 4.073.551 Equipment
Kendaraan 35.910.117 43.107.453 (9.611.657) (270.181) (5.392.723) 63.743.009 Vehicles
Jumlah 302.609.046 95.793.932 (32.735.572) (735.351) (60.152.341) 304.779.714 Total
Akumulasi penyusutan Accumulated depreciation
Building and land
Bangunan dan prasarana 15.089.738 10.683.756 (1.472.042) (180.296) – 24.121.156 improvements
Mesin 94.554.942 55.219.054 (21.651.873) – (25.093.858) 103.028.265 Machinery
Peralatan 129.694 999.381 – (83.882) – 1.045.193 Equipment
Kendaraan 19.500.381 22.872.293 (9.611.657) (305.721) (2.145.339) 30.309.957 Vehicles
Jumlah 129.274.755 89.774.484 (32.735.572) (569.899) (27.239.197) 158.504.571 Total
Nilai tercatat 173.334.291 146.275.143 Carrying value
Pada tanggal 31 Desember 2023 dan 2022, Grup As of December 31, 2023 and 2022, the Group
mengakui aset hak guna atas sewa dengan PT Api recognized right-of-use assets related to leases
Metra Graha (pihak berelasi) masing-masing with PT Api Metra Graha (related party) amounting
sebesar AS$12.719.515 dan AS$16.791.891. to US$12,719,515 and US$16,791,891,
respectively.
270 PT Medco Energi Internasional Tbk 2023 Annual Report
112
Page 273
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
16. ASET HAK GUNA (lanjutan) 16. RIGHT-OF-USE ASSETS (continued)
Beban penyusutan untuk asset hak guna yang Depreciation expenses of right-of-use assets have
diakui pada laporan laba rugi: been charged to the statement of profit or loss as
follows:
2023 2022
Beban pokok penjualan dan biaya
langsung lainnya 35.361.581 39.650.676 Cost of revenue and other direct costs
Beban penjualan, umum dan Selling, general and administrative
administrasi (Catatan 36) 7.113.220 3.047.090 expenses (Note 36)
Jumlah 42.474.801 42.697.766 Total
Pada tanggal 31 Desember 2023 dan 2022, As of December 31, 2023 and 2022, based on
berdasarkan evaluasi manajemen, tidak terdapat management’s assessment, there are no
indikasi atau tidak ada faktor yang signifikan bahwa circumstances or no significant factors that would
nilai tercatat aset hak guna mengalami penurunan indicate the carrying value of right-of-use assets
nilai. may be impaired.
17. ASET EKSPLORASI DAN EVALUASI 17. EXPLORATION AND EVALUATION ASSETS
Jumlah/
Amount
Saldo akhir 31 Desember 2021/ Ending balance, December 31, 2021/
Saldo awal 1 Januari 2022 301.823.138 Beginning balance, January 1, 2022
Penambahan 15.645.889 Additions
Direklasifikasi ke aset minyak dan gas bumi (5.554.387) Reclassified to oil and gas properties
Penurunan nilai (483.489) Impairment
Saldo akhir 31 Desember 2022 311.431.151 Ending balance, December 31, 2022
Penambahan 35.595.468 Additions
Akuisisi entitas anak (Catatan 48) 23.607.478 Acquisition of subsidiaries (Note 48)
Direklasifikasi ke aset minyak dan gas bumi (34.653.794) Reclassified to oil and gas properties
Direklasifikasi ke aset keuangan konsesi (94.658.565) Reclassified to concession financial asset
Saldo akhir 31 Desember 2023 241.321.738 Ending balance, December 31, 2023
Berdasarkan penelaahan aset eksplorasi dan Based on the review of exploration and evaluation
evaluasi, manajemen berkeyakinan tidak diperlukan assets, management believes that no further
penurunan nilai lebih lanjut untuk aset eksplorasi impairment of exploration and evaluation assets as
dan evaluasi pada tanggal 31 Desember 2023 dan of December 31, 2023 and 2022 is necessary.
2022.
Akuisisi entitas anak selama tahun 2023 Acquisition of subsidiaries in 2023 involving
merupakan penambahan terkait akuisisi 20% acquisition of 20% participating interest, where
participating interest, dimana Grup merupakan Group acts as partners, in Block 48 - an exploration
rekanan, pada Blok 48 - sebuah entitas pada tahap & evaluation stage entity and in Block 60 - a
eksplorasi dan evaluasi dan pada Blok 60 - sebuah production stage entity. Both blocks are located in
entitas pada tahap produksi. Keduanya berlokasi di Oman.
Oman.
2023 Annual Report PT Medco Energi Internasional Tbk 271
113
Page 274
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
18. ASET MINYAK DAN GAS BUMI 18. OIL AND GAS PROPERTIES
a. Aset Minyak dan Gas Bumi a. Oil and Gas Properties
Akun ini terdiri dari sebagai berikut: This account consists of the following:
2023 2022
Sumur dan perlengkapan terkait dan Wells and related equipment and
fasilitasnya 4.773.093.848 4.421.348.774 facilities
Sumur, perlengkapan dan fasilitas Uncompleted wells, equipment and
dalam pengerjaan 332.097.511 246.044.245 facilities
Operated acreage 402.553.654 399.880.111 Operated acreage
Peralatan dan gudang 22.372.475 20.578.016 Equipment and warehouse
Kendaraan bermotor 326.886 911.740 Vehicles
Jumlah 5.530.444.374 5.088.762.886 Total
Akumulasi penyusutan, deplesi dan Accumulated depreciation, depletion
amortisasi dan cadangan and amortization and impairment
penurunan nilai (2.651.052.110) (2.508.042.439) reserves
Nilai Tercatat 2.879.392.264 2.580.720.447 Carrying Amount
2023
Saldo Akhir 31
Saldo Awal 1 Desember
Januari 2023/ 2023/
Beginning Ending
Balance Balance
Lokasi/ January 1, Penambahan/ Pengurangan/ December 31,
Area Kepemilikan Location 2023 Additions 1) Deductions 2023 Area of Interest
Blok A Aceh 384.872.148 6.404.767 90.411.880 300.865.035 Block A
Grissik Sumatera 1.009.398.019 31.987.384 211.796.521 829.588.882 Grissik
Sumatera Selatan Sumatera 31.580.710 7.591.525 7.138.172 32.034.063 South Sumatera
Rimau Sumatera 26.969.923 3.219.044 7.513.742 22.675.225 Rimau
Lematang Sumatera 10.499.825 157.096 5.165.297 5.491.624 Lematang
Senoro-Toili Sulawesi 169.630.993 3.107 17.249.622 152.384.478 Senoro-Toili
Tarakan Kalimantan 515.773 3.696.803 1.046.201 3.166.375 Tarakan
Simenggaris Kalimantan 58.081.346 16.688.489 6.278.179 68.491.656 Simenggaris
Bangkanai Kalimantan 252.567.729 469.007 21.850.201 231.186.535 Bangkanai
Kepulauan
Riau/Riau
Blok B Islands 247.400.140 158.395.257 62.065.217 343.730.180 Block B
Kepulauan
Riau/Riau
Beluga Islands – 100.000 – 100.000 Beluga
Jawa Timur/
Madura East Java 24.070.520 – 6.867.729 17.202.791 Madura
Jawa Timur/
Sampang East Java 730.483 – 607.740 122.743 Sampang
Bualuang Thailand 238.930.377 47.203.331 47.527.346 238.606.362 Bualuang
Area 47 2) Libya 119.244.285 – 119.244.285 – Area 47 2)
Blok 9 Yaman/Yemen 6.228.176 1.076.980 16.591 7.288.565 Block 9
Blok 60 Oman – 631.656.674 5.198.924 626.457.750 Block 60
2.580.720.447 908.649.464 609.977.647 2.879.392.264
1) Penambahan termasuk akuisisi 20% non-operated participating interest di Blok 1) Additions include acquisition 20% non-operated participating interest in Block 60
60 - Oman sebesar AS$626.140.026 (Catatan 48). amounting to US$626,140,026 (Note 48).
2) Pengurangan termasuk reklasifikasi ke aset yang dimiliki untuk dijual dan 2) Deductions include reclassification to assets held for sale and discontinued
operasi yang dihentikan (Catatan 39). operations (Note 39).
272 PT Medco Energi Internasional Tbk 2023 Annual Report
114
Page 275
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
18. ASET MINYAK DAN GAS BUMI (lanjutan) 18. OIL AND GAS PROPERTIES (continued)
a. Aset Minyak dan Gas Bumi (lanjutan) a. Oil and Gas Properties (continued)
Akun ini terdiri dari sebagai berikut: (lanjutan) This account consists of the following:
(continued)
2022
Saldo Awal Saldo Akhir
1 Januari 31 Desember
2022 2022/
Beginning Ending
Balance Balance
Lokasi/ January 1, Penambahan/ Pengurangan/ December 31,
Area Kepemilikan Location 2022 Additions1) Deductions 2022 Area of Interest
Blok A Aceh 432.638.100 456.793 48.222.745 384.872.148 Block A
Grissik Sumatera – 1.299.006.409 289.608.390 1.009.398.019 Grissik
Sumatera Selatan Sumatera 50.879.399 1.298.741 20.597.430 31.580.710 South Sumatera
Rimau Sumatera 26.332.810 5.715.757 5.078.644 26.969.923 Rimau
Lematang Sumatera 7.576.304 5.211.715 2.288.194 10.499.825 Lematang
Senoro-Toili Sulawesi 162.764.074 21.440.924 14.574.005 169.630.993 Senoro-Toili
Tarakan Kalimantan 1.331.556 248.792 1.064.575 515.773 Tarakan
Simenggaris Kalimantan 40.196.841 17.884.511 6 58.081.346 Simenggaris
Bangkanai Kalimantan 281.039.665 31.114 28.503.050 252.567.729 Bangkanai
Kepulauan Riau/
Blok B Riau Islands 145.530.301 149.117.165 47.247.326 247.400.140 Block B
Jawa Timur/
Madura East Java 56.317.279 200.158 32.446.917 24.070.520 Madura
Jawa Timur/
Sampang East Java 5.585.502 – 4.855.019 730.483 Sampang
Bualuang Thailand 279.140.476 29.854.280 70.064.379 238.930.377 Bualuang
Blok 12W 2) Vietnam 68.027.961 – 68.027.961 – Block 12W 2)
Area 47 Libya 119.248.346 25.000 29.061 119.244.285 Area 47
Blok 9 Yaman/Yemen 3.861.855 2.938.457 572.136 6.228.176 Block 9
1.680.470.469 1.533.429.816 633.179.838 2.580.720.447
1) Penambahan termasuk akuisisi Medco E&P Corridor Holding Ltd. sebesar 1) Additions include acquisition of Medco E&P Corridor Holding Ltd. amounting to
AS$1.295.928.535 (Catatan 48). US$1.295.928.535 (Note 48).
2) Pengurangan termasuk reklasifikasi ke aset yang dimiliki untuk dijual dan 2) Deductions include reclassification to assets held for sale and discontinued
operasi yang dihentikan (Catatan 39). operations (Note 39).
Pada tahun 2023, Grup merevisi estimasi cadangan In 2023, the Group revised the estimated proved
terbukti dan terduga (P1 dan P2) di wilayah kerja and probable reserves (P1 and P2) in Senoro-Toili,
Senoro-Toili, Blok A, Blok B dan Grissik Block A, Block B and Grissik area based on the
berdasarkan laporan penilai independen yang independent appraisal reports from independent
diperoleh dari konsultan teknik independen technical consultants as well as in Rimau, South
perusahaan serta di wilayah kerja Rimau, Sumatera Sumatera, Tarakan, Lematang, Sampang, Madura
Selatan, Tarakan, Lematang, Sampang, Madura and Bualuang area based on the Company’s
dan Bualuang berdasarkan laporan internal internal report. As a result, the depletion expense
Perusahaan. Penyesuaian atas saldo estimasi decreased by US$146.3 million.
cadangan tersebut menurunkan beban deplesi
sebesar AS$146,3 juta.
Pada tahun 2022, Grup merevisi estimasi cadangan In 2022, the Group revised the estimated proved
terbukti dan terduga (P1 dan P2) di wilayah kerja and probable reserves (P1 and P2) in Senoro-Toili,
Senoro-Toili, Blok A dan Simenggaris berdasarkan Block A and Simenggaris area based on the
laporan penilai independen yang diperoleh dari independent appraisal reports from independent
konsultan teknik independen perusahaan serta di technical consultants as well as in Rimau, South
wilayah kerja Rimau, Sumatera Selatan, Tarakan, Sumatera, Tarakan, Lematang, Block B, Sampang,
Lematang, Blok B, Sampang, Madura, Bualuang Madura, Bualuang and Block 12W area based on
dan Blok 12W berdasarkan laporan internal the Company’s internal report. As a result, the
Perusahaan. Penyesuaian atas saldo estimasi depletion expense decreased by US$26.9 million.
cadangan tersebut menurunkan beban deplesi
sebesar AS$26,9 juta.
2023 Annual Report PT Medco Energi Internasional Tbk 273
115
Page 276
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
18. ASET MINYAK DAN GAS BUMI (lanjutan) 18. OIL AND GAS PROPERTIES (continued)
a. Aset Minyak dan Gas Bumi (lanjutan) a. Oil and Gas Properties (continued)
Dampak perubahan estimasi cadangan terbukti The impact of the change in the estimated
dan terduga (P1 dan P2) tersebut pada periode proved and probable reserves (P1 and P2) in
mendatang menambah (mengurangi) beban the future periods is addition (deduction) to the
deplesi sebagai berikut: depletion expenses as follows:
Jumlah/
Amount
Tahun Year
2024 (87.238.402) 2024
2025 (5.420.847) 2025
2026 (11.306.278) 2026
2027 55.678.045 2027
2028 97.391.602 2028
Jumlah 49.104.120 Total
Tidak terdapat beban bunga dan beban There is no interest and other financing costs
pendanaan lainnya yang dikapitalisasi sebagai that are capitalized as oil and gas properties for
aset minyak dan gas bumi untuk tahun yang the years ended December 31, 2023 and 2022.
berakhir pada 31 Desember 2023 dan 2022.
Pada tanggal 31 Desember 2023 dan 2022, As of December 31, 2023 and 2022, all wells,
seluruh sumur, area tambang dan perlengkapan mining areas and related equipment and
dan fasilitas terkait yang dimiliki entitas anak facilities of subsidiaries involved in oil and gas
yang bergerak di bidang eksplorasi dan exploration and production are insured for
produksi minyak dan gas bumi diasuransikan US$13 billion and US$12.5 billion, respectively.
dengan nilai pertanggungan masing-masing Management believes the insurance coverage
sebesar AS$13 milliar dan AS$12,5 miliar. is adequate to cover possible losses on the
Manajemen berkeyakinan bahwa nilai assets insured.
pertanggungan tersebut adalah cukup untuk
menutupi kemungkinan kerugian atas aset yang
dipertanggungkan.
b. Uji penurunan nilai atas aset eksplorasi dan b. Impairment test on exploration and evaluation
evaluasi, dan aset minyak dan gas bumi assets, and oil and gas properties
Pengujian penurunan nilai atas aset minyak dan Impairment test on oil and gas properties is
gas bumi dilakukan ketika terdapat suatu performed when circumstances indicate the
indikasi bahwa nilai tercatat aset minyak dan CGU’s carrying value may be impaired. In this
gas bumi tersebut mengalami penurunan. matter, the management of the Group
Dalam hal ini, manajemen Grup menentukan determined the participating interests in the
hak kepemilikan pada masing-masing blok respective blocks as a CGU.
sebagai satu UPK.
274 PT Medco Energi Internasional Tbk 2023 Annual Report
116
Page 277
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
18. ASET MINYAK DAN GAS BUMI (lanjutan) 18. OIL AND GAS PROPERTIES (continued)
b. Uji penurunan nilai atas aset eksplorasi dan b. Impairment test on exploration and evaluation
evaluasi, dan aset minyak dan gas bumi assets, and oil and gas properties (continued)
(lanjutan)
Grup mempertimbangkan berbagai faktor The Group considers various external and
eksternal dan internal ketika menelaah indikator internal factors when reviewing for indicators of
penurunan nilai, seperti perubahan signifikan impairment, such as significant changes with an
dengan dampak yang buruk pada entitas yang adverse effect on the entity have taken place
telah terjadi selama tahun berjalan, suku bunga during the year, market interest rates or other
pasar atau tingkat pengembalian investasi yang market rates of return on investments have
naik selama tahun berjalan, keusangan atau increased during the year, obsolescence or
kerusakan fisik suatu aset, analisa harga physical damage of an asset, analysis of actual
minyak dan gas bumi aktual, perkiraan harga oil and gas prices, forecasted oil prices and
minyak dan kecenderungan harga minyak trend of global oil prices, among other factors.
global dan faktor - faktor lainnya.
Pada tanggal 31 Desember 2023 dan 2022, As of December 31, 2023 and 2022,
manajemen melakukan evaluasi atas jumlah management made an evaluation of the
terpulihkan dan nilai tercatat atas minyak dan recoverable amount and the carrying amount of
gas dan membukukan penurunan nilai sebagai oil and gas properties and recorded the
berikut: impairment losses as follows:
2023
Jumlah
terpulihkan/ Penurunan nilai/
Recoverable Nilai tercatat/ Impairment
amount Carrying amount losses
Aset minyak dan gas
bumi Oil and gas properties
Blok A 300.865.035 359.837.857 58.972.822 Block A
Jumlah 300.865.035 359.837.857 58.972.822 Total
2022
Jumlah
terpulihkan/ Penurunan nilai/
Recoverable Nilai tercatat/ Impairment
amount Carrying amount losses
Aset minyak dan gas
bumi Oil and gas properties
Bangkanai 252.567.729 254.717.047 2.149.318 Bangkanai
Jumlah 252.567.729 254.717.047 2.149.318 Total
Mutasi cadangan penurunan nilai adalah Movements in allowance for impairment losses
sebagai berikut: are as follows:
2023 2022
Saldo awal 388.765.792 386.616.474 Beginning balance
Penurunan nilai tahun berjalan 58.972.822 2.149.318 Impairment during the year
Saldo akhir 447.738.614 388.765.792 Ending balance
2023 Annual Report PT Medco Energi Internasional Tbk 275
117
Page 278
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
18. ASET MINYAK DAN GAS BUMI (lanjutan) 18. OIL AND GAS PROPERTIES (continued)
b. Uji penurunan nilai atas aset eksplorasi dan b. Impairment test on exploration and evaluation
evaluasi, dan aset minyak dan gas bumi assets, and oil and gas properties (continued)
(lanjutan)
Grup memperhitungkan jumlah terpulihkan The Group calculated the recoverable amount
berdasarkan nilai pakai yang dihitung based on value in use calculation using cash
berdasarkan proyeksi arus kas. Nilai wajar flow projection. The fair value was determined
ditentukan dengan menggunakan perhitungan by using a post-tax discounted cashflow (“DCF”)
arus kas diskonto setelah pajak. calculation.
Proyeksi arus kas didasarkan pada produksi The cashflow projection is based on production
dan rencana pengembangan yang telah and development forecast approved by
disetujui oleh manajemen yang mencakup management covering the estimated period of
estimasi periode kontrak. Periode proyeksi contract. The period of projection ranges from 2
berkisar antara 2 - 26 tahun. - 26 years.
Asumsi yang digunakan Key assumptions used
Perhitungan nilai pakai untuk aset minyak dan The calculation of value in use for oil and gas
gas bumi sangat sensitif terhadap asumsi- properties is most sensitive to the following
asumsi di bawah ini: assumptions:
a. Lifting a. Lifting
b. Harga b. Prices
c. Tingkat diskonto c. Discount rates
d. Beban operasi dan modal d. Operating and capital expenses
Lifting: Lifting tahunan yang diproyeksikan ini Lifting: The projected annual lifting is based on
berdasarkan rencana bisnis manajemen dengan management business plan considering the
mempertimbangkan kondisi saat ini dan current conditions and future expectations.
ekspektasi masa depan.
Harga: Harga perkiraan minyak dan gas Prices: Forecasted oil and gas prices are based
didasarkan pada estimasi manajemen dan data on management’s estimation and available
pasar yang tersedia. market data.
Kenaikan sepuluh persen (10%) pada proyeksi The increase of ten percent (10%) in oil price
harga minyak akan menaikkan jumlah forecast will increase the recoverable amount of
terpulihkan aset minyak dan gas bumi masing- oil and gas properties by US$179.4 million and
masing sebesar AS$179,4 juta dan AS$179,3 US$179.3 million as of December 31, 2023 and
juta pada tanggal 31 Desember 2023 dan December 31, 2022.
31 Desember 2022.
Tingkat diskonto: Pada tanggal 31 Desember Discount rates: As of December 31, 2023 the
2023, tingkat diskonto sebelum pajak yang pre-tax discount rate applied to the cash flow
diterapkan pada proyeksi arus kas berada pada projection is within the range of 13.24% -
kisaran 13,24% - 31,88%. 31.88%.
Kenaikan satu persen (1%) pada tingkat The increase of one percent (1%) in discount
diskonto akan menurunkan jumlah terpulihkan rate will decrease the recoverable amount of oil
aset minyak dan gas bumi masing-masing and gas properties by US$91.5 million and
sebesar AS$91,5 juta dan AS$112,8 juta pada US$112.8 million as of December 31, 2023 and
tanggal 31 Desember 2023 dan 31 Desember December 31, 2022.
2022.
Beban operasi dan modal: Asumsi ini Operating and capital expenses: These
didasarkan pada perencanaan beban operasi assumptions are based on the Group’s
dan modal Grup. Manajemen memiliki kontrol operating and capital expenses plan. The
penuh atas biaya, dan percaya bahwa asumsi management has full control over the costs and
akan tercapai. believes that assumptions will be achievable.
276 PT Medco Energi Internasional Tbk 2023 Annual Report
118
Page 279
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
18. ASET MINYAK DAN GAS BUMI (lanjutan) 18. OIL AND GAS PROPERTIES (continued)
b. Uji penurunan nilai atas aset eksplorasi dan b. Impairment test on exploration and evaluation
evaluasi, dan aset minyak dan gas bumi assets, and oil and gas properties (continued)
(lanjutan)
Asumsi yang digunakan (lanjutan) Key assumptions used (continued)
Perubahan terhadap asumsi yang digunakan Changes to the assumptions used by the
oleh manajemen dalam menentukan jumlah management to determine the recoverable
terpulihkan, khususnya tingkat diskonto dan amount, in particular the discount rate and oil
harga minyak, dapat berdampak signifikan pada price, can have significant impact on the result
hasil pengujian. Manajemen berkeyakinan of the impairment assessment. Management is
bahwa tidak terdapat kemungkinan yang of the opinion that there was no reasonably
beralasan bahwa asumsi utama tersebut di atas possible change in any of the key assumptions
dapat berubah sehingga nilai yang terpulihkan stated above that would cause the recoverable
masing-masing UPK menjadi lebih rendah dari amount of the CGU to decline materially below
nilai yang tercatat secara material. its carrying amount.
Berdasarkan penelaahan atas aset minyak dan Based on the review of the individual oil and gas
gas bumi secara individu, selain kerugian properties, other than the impairment losses
penurunan nilai yang diakui di atas, manajemen recognized above, the management believes
berkeyakinan bahwa tidak diperlukan that no further impairment in value of oil and gas
penurunan nilai lebih lanjut atas aset minyak properties is necessary as of
dan gas bumi pada tanggal 31 Desember 2023 December 31, 2023 and 2022.
dan 2022.
19. GOODWILL 19. GOODWILL
Pada tanggal 31 Desember 2023 dan 2022 nilai As of December 31, 2023 and 2022, the goodwill
goodwill sebesar AS$39.066.445. Goodwill yang amounted to US$39,066,445. Goodwill recognized
diakui muncul dari akuisisi operasi bisnis PT Medco is arising on the acquisitions of the business
Power Internasional dan ConocoPhillips Singapore operations of PT Medco Power Internasional and
Operations Pte Limited, yang menciptakan sinergi ConocoPhillips Singapore Operations Pte Limited,
dengan portofolio Grup yang ada. that created synergies with the Group’s existing
f
portfolio.
Goodwill tersebut tidak diharapkan dapat Goodwill is not expected to be deductible for tax
dikurangkan untuk tujuan pelaporan pajak. purposes.
Akuisisi PT Medco Power Internasional (“MPIn”) Acquisition of PT Medco Power Internasional
(“MPIn”)
Saldo goodwill dari akuisisi MPIn telah melalui The goodwill balance from the acquisition of MPIn
serangkaian transaksi, sehingga pada saat ini has been through series of transactions, resulted to
Perusahaan memiliki 100% kepemilikan langsung the current 100% ownership in MPIN by the
di MPIn, dimana MPIn memiliki 51% kepemilikan di Company, where MPIn has 51% ownership in MPI.
MPI. Selain itu, Perusahaan juga memiliki 49% On top of that, the Company also has 49% direct
kepemilikan langsung di MPI. Selama tahun 2021, ownership in MPI. During 2021, Group had several
Grup melakukan beberapa divestasi terhadap divestments to most of MPI subsidiaries engaged in
sebagian besar entitas anak MPI yang bergerak di Gas IPP and O&M businesses, and 2% divestment
bisnis Gas IPP dan O&M, dan divestasi sebesar 2% of MGeoPS shares. Therefore, during 2021, the
kepemilikan saham di MGeoPS. Sehingga selama Group derecognized US$28 million of its goodwill
tahun 2021, Grup mencatat penghentian sebagian balance.
goodwill sebesar AS$28 juta.
2023 Annual Report PT Medco Energi Internasional Tbk 277
119
Page 280
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
19. GOODWILL (lanjutan) 19. GOODWILL (Continued)
Akuisisi ConocoPhillips Singapore Operations Acquisition of ConocoPhillips Singapore
Pte Limited (“CSOP”) Operations Pte Limited (“CSOP”)
Pada tanggal 18 September 2016, Medco Natuna On September 18, 2016, Medco Natuna Pte. Ltd.
Pte. Ltd. menandatangani Share Purchase and signed a Share Purchase and Sale Agreement
Sale Agreement (“SPA”) dengan ConocoPhillips (“SPA”) with ConocoPhillips Indonesia Holding
Indonesia Holding Limited (“ConocoPhillips”) dan Limited (“ConocoPhillips”) and ConocoPhillips
ConocoPhillips Company, untuk mengakuisisi 100% Company, to acquire 100% shares of its
saham anak perusahaannya, ConocoPhillips subsidiaries, ConocoPhillips Singapore Operations
Singapore Operations Pte Limited (“CSOP”) Pte Limited (“CSOP”) with acquisition price
dengan nilai pembelian sebesar AS$1.000.000. amounting to US$1,000,000. Goodwill that was
Saldo goodwill yang timbul dari akuisisi ini sebesar recognized from this acquisition amounted to
AS$1.017.204. US$1,017,204.
Uji penurunan nilai terhadap Goodwill Impairment test on Goodwill
Dalam menguji apakah penurunan nilai goodwill In assessing whether impairment on goodwill is
diperlukan, nilai tercatat goodwill dialokasikan ke required, the carrying value of goodwill is allocated
aset atau UPK yang relevan untuk mendapatkan to the relevant assets or CGU to obtain combined
nilai tercatat kombinasian. Nilai tercatat carrying value. The combined carrying value is
kombinasian tersebut dibandingkan dengan nilai compared with CGU’s recoverable amount. The
terpulihkan UPK. Grup menguji penurunan nilai Group performs testing of goodwill impairment
goodwill setiap tahun (pada tanggal 31 Desember) annually (on December 31) or when circumstances
atau ketika keadaan yang mengindikasikan bahwa indicate that the carrying value may be impaired.
nilai tercatat mungkin mengalami penurunan nilai.
Grup mempertimbangkan berbagai faktor eksternal The Group considers various external and internal
dan internal ketika menelaah indikator penurunan factors when reviewing for indicators of impairment
nilai selama periode interim sehubungan UPK, during the interim period as it relates to the CGU,
seperti perubahan signifikan dengan dampak yang such as significant changes with an adverse effect
buruk pada entitas yang telah terjadi selama tahun on the entity have taken place during the year,
berjalan, suku bunga pasar atau tingkat market interest rates or other market rates of return
pengembalian investasi yang telah naik selama on investments thus have increased during the
tahun berjalan, keusangan atau kerusakan fisik year, obsolescence or physical damage of an asset
suatu aset dan kontrak jangka panjang dengan and long-term contracts with customers, among
pembeli dan faktor-faktor lainnya. other factors.
Untuk tujuan pengujian penurunan nilai pada For impairment testing purposes on December 31,
tanggal 31 Desember 2023 dan 2022, jumlah 2023 and 2022, the recoverable amounts of the
terpulihkan UPK ditentukan berdasarkan “nilai CGU are determined based on “value-in-use” using
pakai” (value-in-use) dengan menggunakan metode discounted cash flows method. The following is the
arus kas yang didiskontokan. Berikut adalah summary of key assumptions used:
ringkasan dari asumsi utama yang digunakan:
278 PT Medco Energi Internasional Tbk 2023 Annual Report
120
Page 281
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
19. GOODWILL (lanjutan) 19. GOODWILL (Continued)
Asumsi-asumsi utama yang digunakan Key assumptions used
PT Medco Power Internasional (“MPIn”) PT Medco Power Internasional (“MPIn”)
Jumlah terpulihkan UPK ditentukan berdasarkan The recoverable amount of the CGU has been
jumlah terpulihkan penilaian bisnis MPIn yang determined based on the recoverable amount of
terdiri dari MPI dan entitas anaknya dengan MPIn business valuation comprised of MPI and its
menggunakan proyeksi arus kas yang subsidiaries using discounted cash flow projections
didiskontokan dari rencana bisnis selama 11 from the business plan covering 11-year period to
sampai dengan 36 tahun yang merupakan periode 36-year period which represents contract period for
kontrak entitas-entitas tersebut dengan pelanggan. the respective entities with their customers.
a. Tingkat diskonto: tingkat diskonto sebelum a. Discount rate: the pre-tax discount rate used as
pajak yang digunakan pada tanggal 31 of December 31, 2023 and 2022 was 8.40% -
Desember 2023 dan 2022 masing-masing 11.38% and 8.81% - 11.92%, respectively
adalah 8,40% - 11,38% dan 8,81% - 11,92% derived from the post-tax weighted average
yang dihasilkan dari rata-rata biaya modal cost of capital (WACC) of the respective CGUs,
tertimbang setelah dikurangi pajak (WACC) with risk free rate of 4.27% - 6.85% and 4.54%
dari UPK, dengan tingkat bunga bebas risiko - 7.27%, respectively, and cost of debt of
masing-masing adalah 4,27% - 6,85% dan 6.73% - 9.41% and 5.97% - 9.80%,
4,54% - 7,27% dan biaya utang masing-masing respectively which are already adjusted based
adalah 6,73% - 9,41% dan 5,97% - 9,80% on the current condition of MPI and its
yang sudah disesuaikan berdasarkan kondisi subsidiaries.
kini MPI dan entitas anaknya.
b. Harga listrik dan jasa perawatan: asumsi harga b. Electricity rates and maintenance service rates:
selama periode proyeksi berdasarkan data forecasted prices over the projection period are
historis dan estimasi manajemen atas fluktuasi based on historical rates and management’s
harga masa depan dan penyesuaian. estimates on future price fluctuation and
adjustments.
c. Biaya produksi listrik dan belanja modal: c. Electricity production costs and capital
asumsi ini berdasarkan biaya produksi historis expenditures: these assumptions are based on
dan rencana belanja modal. historical production costs and planned capital
expenditures.
Manajemen berpendapat bahwa tidak ada Management is of the opinion that there was no
kemungkinan perubahan yang wajar atas salah reasonably possible change in any of the key
satu asumsi utama yang disebutkan di atas yang assumptions stated above that would cause the
akan menyebabkan jumlah tercatat secara material carrying amount to materially exceed its
melebihi jumlah terpulihkannya. recoverable amount.
Pada tanggal 31 Desember 2023 dan 2022, As of December 31, 2023 and 2022, based on
berdasarkan evaluasi manajemen, jumlah management’s assessment, the total recoverable
terpulihkan dari UPK lebih tinggi dari nilai tercatat amount of the CGU is higher than the CGU’s
UPK. Sehingga, manajemen berpendapat tidak carrying amount. Therefore, management is of the
terdapat kerugian penurunan nilai yang diperlukan opinion that there are no impairment losses
atas goodwill dari akuisisi MPIn. necessary on the goodwill arising from MPIn
acquisition.
2023 Annual Report PT Medco Energi Internasional Tbk 279
121
Page 282
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
20. ASET LAIN-LAIN 20. OTHER ASSETS
Rincian akun ini adalah sebagai berikut: The details of this account are as follows:
2023 2022
Lancar Current
Uang muka kontrak kepada pihak
berelasi 101.631.758 32.925.264 Contract advance to a related party
Uang muka 20.867.152 16.942.998 Advances
Uang muka pemasaran 9.576.000 9.581.624 Marketing advance
Jumlah 132.074.910 59.449.886 Total
Tidak lancar Non-current
Uang muka kontrak kepada pihak
berelasi 27.000.000 26.800.000 Contract advance to a related party
Uang muka atas liabilitas
pembongkaran aset dan restorasi Advance of asset abandonment and
area 15.576.313 3.881.274 site restoration obligation
Uang muka untuk pembelian/sewa 11.199.812 8.598.136 Advance payments for purchase/rental
Uang muka pemasaran 1.999.927 6.872.603 Marketing advance
Setoran jaminan 1.059.615 1.132.874 Security deposits
Lain-lain 1.408.707 435.942 Others
Jumlah 58.244.374 47.720.829 Total
Uang muka kontrak kepada pihak berelasi Contract advance to a related party is advance to
merupakan uang muka kepada PT Medco Daya PT Medco Daya Abadi Lestari (MDAL) which is
Abadi Lestari (MDAL) yang dikenakan bunga serta interest bearing and pertaining to crude oil
terkait dengan transaksi minyak mentah (Catatan transaction (Note 49).
49).
Uang muka terutama merupakan uang muka yang Advances mainly represents deposit payment to
dibayarkan kepada pihak ketiga sehubungan third party in respect of a potential investment which
dengan investasi potensial yang sedang ditinjau is under review by the Group.
oleh Grup.
Uang muka pemasaran merupakan uang muka Marketing advance is advance to Meta Pacific
yang dibayarkan kepada Meta Pacific Resources Resources Pte. Ltd. to provide marketing activities
Pte. Ltd. terkait dengan pemberian jasa pemasaran including but not limited to procurement of
termasuk namun tidak terbatas pada pengadaan prepayment facilities related to the marketing of the
fasilitas uang muka sehubungan dengan crude oil of the Group.
pemasaran minyak mentah Grup.
Saldo uang muka untuk pembelian/sewa terdiri atas Advance payments for purchase/rental represent
pembayaran-pembayaran uang muka yang dibuat payments made in relation to the acquisition/rental
berkaitan dengan perolehan/sewa berbagai aset. of various assets.
280 PT Medco Energi Internasional Tbk 2023 Annual Report
122
Page 283
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
21. UTANG USAHA 21. TRADE PAYABLES
Rincian akun ini adalah sebagai berikut: The details of this account are as follows:
a. Berdasarkan Pemasok a. By Supplier
2023 2022
Pihak berelasi Related parties
PT Medco Daya Natuna 24.667.222 84.430 PT Medco Daya Natuna
PT Bahtera Daya Makmur 7.490.411 – PT Bahtera Daya Makmur
PT Medco Daya Makmur 5.889.621 190.452 PT Medco Daya Makmur
PT Medco Daya Energi Nusantara 1.997.080 – PT Medco Daya Energi Nusantara
Sub-jumlah 40.044.334 274.882 Sub-total
Pihak ketiga Third parties
Pemasok dalam negeri 198.269.182 157.045.120 Local suppliers
Pemasok luar negeri 49.873.090 33.105.393 Foreign suppliers
Sub-jumlah 248.142.272 190.150.513 Sub-total
Jumlah 288.186.606 190.425.395 Total
b. Berdasarkan Umur b. By Aging Category
2023 2022
Sampai dengan 1 bulan 229.225.229 136.791.128 Up to 1 month
1 - 3 bulan 38.959.586 16.262.444 1 - 3 months
3 - 6 bulan 4.699.671 1.312.195 3 - 6 months
6 bulan - 1 tahun 9.956.099 10.168.644 6 months - 1 year
Lebih dari 1 tahun 5.346.021 25.890.984 More than 1 year
Jumlah 288.186.606 190.425.395 Total
c. Berdasarkan Mata Uang c. By Currency
2023 2022
Dolar Amerika Serikat 248.950.396 151.036.519 United States Dollar
Rupiah 35.787.963 36.108.386 Rupiah
Baht Thailand 3.411.259 3.203.452 Thailand Baht
Dolar Singapura 29.479 22.597 Singapore Dollar
Lain-lain 7.509 54.441 Others
Jumlah 288.186.606 190.425.395 Total
Utang usaha dari pemasok dalam negeri maupun Trade payables to local and foreign suppliers, joint
luar negeri, mitra operasi bersama dan pihak venture partners and related parties where the
berelasi dimana Perusahaan merupakan operator Company is the PSC Operator are non-interest
PSC tidak dikenakan bunga, tidak dijaminkan dan bearing, unsecured and generally have credit terms
secara umum mempunyai masa kredit sampai of up to one month.
dengan satu bulan.
2023 Annual Report PT Medco Energi Internasional Tbk 281
123
Page 284
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
22. LIABILITAS KONTRAK 22. CONTRACT LIABILITIES
Liabilitas kontrak termasuk uang muka jangka Contract liabilities include short-term and long-term
pendek dan panjang yang diterima untuk advances received to deliver oil and gas to
mengirimkan minyak dan gas bumi kepada customers.
pelanggan.
Rincian liabilitas kontrak adalah sebagai berikut: The details of contract liabilities are as follows:
2023 2022
Glencore Singapore Pte. Ltd. (Catatan
49) 80.000.000 80.000.000 Glencore Singapore Pte. Ltd. (Note 49)
PT Perusahaan Listrik Negara PT Perusahaan Listrik Negara
(Persero) 9.123.283 9.519.471 (Persero)
PT Metaepsi Pejebe Power Generation 533.777 1.158.696 PT Metaepsi Pejebe Power Generation
Uang Muka dari Pengaturan Pasokan Advance from Gas Supply
Gas 1.642.768 – Arrangement
PT Perusahaan Gas Negara (Persero) – 27.678.057 PT Perusahaan Gas Negara (Persero)
Lain-lain (masing-masing di bawah
AS$1.000.000) 827.052 935.147 Others (each below US$1,000,000)
Jumlah 92.126.880 119.291.371 Total
Bagian yang jatuh tempo dalam satu
tahun (91.178.344) (34.492.956) Current portion
Bagian jangka panjang 948.536 84.798.415 Long-term portion
23. UTANG LAIN-LAIN 23. OTHER PAYABLES
2023 2022
Pihak berelasi Related Parties
PT Medco Daya Makmur 11.176.562 4.523.567 PT Medco Daya Makmur
PT Medco Daya Energi Nusantara 1.841.023 101.515 PT Medco Daya Energi Nusantara
PT Medco Daya Natuna 1.107.316 292.835 PT Medco Daya Natuna
PT Bahtera Daya Makmur 804.451 5.266.294 PT Bahtera Daya Makmur
PT Medco Daya Abadi Lestari 352.366 674.047 PT Medco Daya Abadi Lestari
Kuala Langsa (Block A) Limited (KLL) 79.591 – Kuala Langsa (Block A) Limited (KLL)
Jumlah 15.361.309 10.858.258 Total
Pihak ketiga Third Parties
OQ Exploration and Production LLC 53.605.558 – OQ Exploration and Production LLC
Kewajiban pajak atas First Tranche Tax payable on First Tranche
Petroleum 33.635.667 26.940.215 Petroleum
Utang kepada Operasi Bersama 17.674.279 18.314.480 Payables to Joint operations
PT Ormat Geothermal Power 16.007.845 9.602.372 PT Ormat Geothermal Power
Utang untuk pebiayaan kegiatan Payables for construction and
konstruksi dan operasi 9.889.207 9.170.680 operation activities financing
Mitsui Oil Exploration Co., Ltd. 5.565.000 – Mitsui Oil Exploration Co., Ltd.
Standard Chartered Bank (Singapore) 4.500.000 – Standard Chartered Bank (SIngapore)
KPIC Netherlands B.V. and Kanden KPIC Netherlands B.V. and Kanden
Power-Tech Corp. 3.784.037 3.708.265 Power-Tech Corp.
Solar Philippines Power Project Solar Philippines Power Project
Holdings, Inc. 3.668.574 2.677.547 Holdings, Inc.
PT Sangsaka Hidro Tiara (SHT) 2.844.385 2.787.267 PT Sangsaka Hidro Tiara (SHT)
Utang kepada Lundin Sea Holding B.V. 2.166.242 2.166.242 Payable to Lundin Sea Holding B.V.
Asuransi 1.165.407 1.251.192 Insurance
Lain-lain (masing-masing di bawah
AS$2.000.000) 32.615.886 41.644.248 Others (each below US$2,000,000)
Jumlah 187.122.087 118.262.508 Total
282 PT Medco Energi Internasional Tbk 2023 Annual Report
124
Page 285
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
23. UTANG LAIN-LAIN (lanjutan) 23. OTHER PAYABLES (continued)
2023 2022
Bagian yang jatuh tempo dalam satu
tahun (101.412.447) (84.331.088) Current portion
Bagian jangka panjang 85.709.640 33.931.420 Long-term portion
Utang kepada PT Medco Daya Makmur (“MDM”), Payables to PT Medco Daya Makmur (“MDM”), PT
PT Bahtera Daya Makmur (“BDM”), PT Medco Bahtera Daya Makmur (“BDM”), PT Medco Daya
Daya Natuna (“MDN”) dan PT Medco Daya Energi Natuna (“MDN”) and PT Medco Daya Energi
Nusantara ("MDEN") terkait dengan aktivitas Nusantara ("MDEN") in relation to exploration and
eksplorasi dan produksi untuk kontrak kerjasama di production activities to joint operations in South
Blok Sumatera Selatan, Rimau, Blok A, dan Blok B. Sumatera, Rimau, Block A, and Block B blocks.
Utang kepada OQ Exploration and Production LLC Payables to OQ Exploration and Production LLC in
terkait dengan sisa pembayaran yang ditangguhkan relation to deferred payment of purchase 20% non-
atas pembelian 20% non-operated participating operated participating interest in Exploration and
interest pada Exploration and Production Sharing Production Sharing Agreement (EPSA) in Block 60
Agreement (EPSA) Blok 60 dan Blok 48 Oman. and Block 48 in Oman.
Kewajiban pajak atas First Tranche Petroleum Tax payable on First Tranche Petroleum (FTP) is
(FTP) merupakan bagian kurang bayar pajak part of underpayment of income tax and dividend
penghasilan badan dan pajak dividen atas bagian tax on FTP share of subsidiaries involved in oil and
FTP entitas anak yang bergerak di bidang gas exploration and production in Indonesia. The
eksplorasi dan produksi minyak dan gas bumi di Subsidiaries will pay the tax if the balance of
Indonesia. Entitas Anak akan membayar pajak accumulative FTP has exceeded the balance of the
tersebut apabila saldo akumulasi FTP lebih besar unrecovered cost.
daripada saldo unrecovered cost.
Utang kepada Operasi Bersama merupakan utang Payables to Joint Operations represent payables for
atas aktivitas eksplorasi dan produksi yang exploration and production activities related to joint
berkaitan dengan kontrak kerjasama dimana Grup operations where the Group is not the operator.
bukan merupakan operator.
Utang kepada PT Ormat Geothermal Power The amount payable to PT Ormat Geothermal
merupakan utang terkait biaya eksplorasi dan Power represents payable related to exploration
evaluasi tenaga panas bumi. and evaluation costs of the geothermal power plant.
Utang untuk pembiayaan kegiatan konstruksi dan Payables for construction and operation activities
operasi merupakan utang atas pembiayaan proyek financing represent payables for financing power
pembangunan dan untuk operasi proyek plant construction and for the operation of power
pembangkit tenaga listrik. plant projects.
Utang kepada Mitsui Oil Exploration Co., Ltd. The amount payable to Mitsui Oil Exploration Co.,
merupakan utang terkait pengembangan Proyek Ltd. represents payable related to development of
Panas Bumi Bonjol. Bonjol Geothermal Project.
Utang kepada Standard Chartered Bank Payable to Standard Chartered Bank (Singapore)
(Singapore) terkait dengan biaya komitmen pertains to commitment fee in relation to acquisition
terutang atas biaya akuisisi Block 60 dan Block 48 of Block 60 and Block 48 Oman.
Oman.
Utang kepada KPIC Netherlands B.V. (KPN) dan Payable to KPIC Netherlands B.V. (KPN) and
Kanden Power-Tech Corporation (KPT) merupakan Kanden Power-Tech Corporation (KPT) represents
utang yang belum terselesaikan terkait dengan outstanding amount related to the transaction
transaksi antara MPI dengan KPN dan KPT dalam between MPI with KPN and KPT on the
pengembangan bisnis produsen listrik independen development of gas independent power producer
gas ("gas-IPP") dan operasi & pemeliharaan (“gas-IPP”) and operation & maintenance (“O&M”)
("O&M") di Indonesia. businesses in Indonesia.
Utang kepada Solar Philippines Power Project The amount payable to Solar Philippines Power
Holdings, Inc. merupakan utang terkait biaya Project Holdings, Inc. represents payable related to
pengembangan proyek pembangkit listrik Solar Bali project development cost of Solar West Bali and
Barat dan Solar Bali Timur. Solar East Bali power plant.
2023 Annual Report PT Medco Energi Internasional Tbk 283
125
Page 286
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
23. UTANG LAIN-LAIN (lanjutan) 23. OTHER PAYABLES (continued)
Utang kepada SHT merupakan biaya konstruksi Payable to SHT represents construction costs of
pembangkit listrik tenaga mini-hydro yang the mini-hydro power plant advanced by SHT.
dibayarkan oleh SHT.
Utang kepada Lundin Sea Holding B.V. merupakan Payable to Lundin Sea Holding B.V. represents the
jumlah yang akan dibayar oleh Medco Lematang amount to be paid by Medco Lematang B.V., a
B.V., entitas anak, pada saat pendapatan dari Blok subsidiary, once the revenue from the Lematang
Lematang setelah periode perpanjangan telah Block after the extension has reached certain
mencapai kondisi yang disebutkan pada perjanjian. condition as stipulated in the agreement.
Asuransi merupakan utang terkait asuransi medis Insurance mainly represents payable related to
dan kesehatan karyawan. medical and health insurance of employees.
24. LIABILITAS SEWA 24. LEASE LIABILITIES
Liabilitas sewa jangka panjang merupakan The long-term lease liabilities represent the
pengakuan liabilitas sewa (PSAK 73 - sejak tanggal recognition of lease liabilities (PSAK 73 - since
1 Januari 2024 dirujuk sebagai PSAK 116) atas January 1, 2024 reffered to as PSAK 116) from
perjanjian sewa peralatan kantor dan lainnya, sewa equipment rental, building and land improvement
bangunan dan prasarana, sewa mesin, dan sewa rental, machinery rental, and vehicle rental.
kendaraan.
Pembayaran sewa minimum masa yang akan Future minimum lease payment may be analyzed
datang dianalisis sebagai berikut: as follows:
2023 2022
Saldo awal 186.230.620 222.331.139 Beginning balance
Ditambah: Add:
Penambahan tahun berjalan 180.457.793 108.376.870 Addition in current year
Akresi bunga 12.286.613 11.388.248 Accretion of interest
Dikurangi: Less:
Pembayaran liabilitas sewa (139.890.195) (121.482.295) Repayment of lease liabilities
Penyesuaian kurs (623.420) (184.331) Foreign exchange adjustment
Reklasifikasi ke operasi yang Reclassification to discontinued
dihentikan – (34.199.011) operations
Saldo akhir 238.461.411 186.230.620 Ending balance
Dikurangi bagian yang jatuh tempo
dalam satu tahun (123.824.579) (101.784.419) Less current maturities
Bagian jangka panjang - neto 114.636.832 84.446.201 Long-term maturities - net
Lebih dari satu tahun sampai lima After one year but not more than five
tahun 114.353.012 84.168.161 years
Lebih dari lima tahun 283.820 278.040 More than five years
Jumlah 114.636.832 84.446.201 Total
Grup tidak menghadapi risiko likuiditas signifikan The Group does not face a significant liquidity risk
sehubungan dengan liabilitas sewa yang dimiliki. with regard to its lease liabilities.
Pada tanggal 31 Desember 2023 dan 2022, Grup As of December 31, 2023 and 2022, the Group
mengakui liabilitas sewa atas sewa dengan PT Api recognized lease liabilities related to leases with PT
Metra Graha (pihak berelasi) masing-masing Api Metra Graha (related party) amounting to
sebesar AS$12.853.158 dan AS$16.510.334. US$12,853,158 and US$16,510,334, respectively.
Pembayaran sewa minimum masa depan Future minimum lease payments under the lease
berdasarkan perjanjian sewa dengan nilai sekarang agreements together with the present value of
atas pembayaran sewa minimum adalah sebagai minimum lease payments are as follows:
berikut:
284 PT Medco Energi Internasional Tbk 2023 Annual Report
126
Page 287
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
24. LIABILITAS SEWA (lanjutan) 24. LEASE LIABILITIES (continued)
2023 2022
Dalam satu tahun 136.714.011 108.875.128 Within one year
Lebih dari satu tahun sampai lima After one year but not more than five
tahun 122.727.169 86.838.462 years
Lebih dari lima tahun 348.661 307.511 More than five years
Jumlah pembayaran sewa minimum di
masa depan 259.789.841 196.021.101 Total future minimum lease payments
Jumlah beban keuangan di masa
depan (21.328.430) (9.790.481) Amount representing finance charges
Nilai sekarang atas pembayaran Present value of minimum lease
sewa minimum 238.461.411 186.230.620 payments
Jumlah yang diakui pada laporan laba rugi dan Amount recognized in the statement of profit or loss
penghasilan komprehensif lain yang berkaitan and other comprehensive income related to leases
dengan sewa adalah sebagai berikut: are as follows:
2023 2022
Depreciation expense of right-of-use
Beban penyusutan aset hak-guna 42.474.801 42.697.766 assets
Pembayaran sewa variable 10.658.226 6.168.120 Variable lease payments
Beban yang berkaitan dengan sewa
jangka pendek dan aset bernilai Expenses relating to short-term leases
rendah 27.571.558 19.519.027 and low-value asset
Beban bunga atas liabilitas sewa 4.720.624 6.005.484 Interest on lease liabilities
Total 85.425.209 74.390.397 Total
Grup memiliki arus kas keluar berkaitan dengan The Group had total cash outflows related to
sewa, termasuk pembayaran sewa variabel, sewa leases, including variable lease payment, short-
jangka pendek dan sewa bernilai rendah pada term and low-value assets lease payments as of
tanggal 31 Desember 2023 dan 2022, masing- December 31, 2023 and 2022, amounting to
masing sebesar AS$178.119.979 dan US$178,119,979 and US$147,169,442.
AS$147.169.442.
Pada tanggal 31 Desember 2023 dan 2022, opsi As of December 31, 2023 and 2022, the extension
sewa memiliki harga sewa yang bersifat akan options have lease rate that will be re-negotiated
dinegosiasikan kembali saat periode kontrak after contract period end.
selesai.
Pada tanggal 31 Desember 2023 dan 2022, Grup As of December 31, 2023 and 2022, the Group has
tidak memiliki intensi untuk mengeksekusi opsi no intention to execute termination option on the
terminasi atas kontrak sewa yang ada. available lease contracts.
Di bawah ini adalah pembayaran sewa masa depan Set out below are the undiscounted potential future
potensial yang tidak didiskontokan terkait dengan rental payments relating to periods following the
periode setelah tanggal pelaksanaan opsi exercise date of termination options that are not
penghentian yang tidak termasuk dalam jangka included in the lease term:
waktu sewa:
2023 2022
Opsi penghentian diharapkan akan Termination options expected to be
dilakukan exercised
Dalam lima tahun 27.000.000 32.600.000 Within five years
Jumlah 27.000.000 32.600.000 Total
2023 Annual Report PT Medco Energi Internasional Tbk 285
127
Page 288
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
25. UTANG PAJAK 25. TAXES PAYABLE
Akun ini terdiri dari: This account consists of:
2023 2022
Perusahaan The Company
Pajak yang dipungut: Withholding tax:
Pasal 4(2) 68.998 36.625 Article 4(2)
Pasal 15 21.357 33.255 Article 15
Pasal 21 5.678.644 1.447.852 Article 21
Pasal 23 29.616 1.756 Article 23
Pasal 26 1.108.247 6.919 Article 26
Sub-jumlah 6.906.862 1.526.407 Sub-total
Entitas Anak Subsidiaries
Pajak Penghasilan (PPh) Badan 66.930.550 128.643.722 Corporate income tax
Pajak yang dipungut: Withholding tax:
Pasal 4(2) 381.970 60.597.087 Article 4(2)
Pasal 15 23.770 20.400 Article 15
Pasal 21 1.183.448 2.664.311 Article 21
Pasal 23 946.169 1.204.556 Article 23
Pasal 25 216.138 – Article 25
Pasal 26 335.954 355.229 Article 26
Pajak pertambahan nilai (PPN) 8.584.808 7.319.631 Value-added Tax (VAT)
Sub-jumlah 78.602.807 200.804.936 Sub-total
Jumlah 85.509.669 202.331.343 Total
Surat Ketetapan Pajak (SKP) – Entitas Anak Tax Assessment Letters – Subsidiaries
Klaim pajak Grup yang masih belum terselesaikan The Group’s unresolved tax claims due to the
akibat terbitnya Surat Ketetapan Pajak sampai issuance of Tax Assessment Letters up to
tanggal 31 Desember 2023 dan 2022 adalah December 31, 2023 and 2022 are as follows:
sebagai berikut:
Jumlah Keberatan/
Jumlah Penilaian
Banding menurut Nomor dan Tanggal Status pada tanggal Status pada tanggal
Menurut Otoritas
Jenis Pajak dan Masa/ Jenis/ Group/ Surat Pajak/ 31 Desember 2023/ 31 Desember 2022/
Pajak/
Type of tax and period Type Amount objection/ Number and date of Status as of Status as of
Amount assessed
appeal according to latest tax letters December 31, 2023 December 31, 2022
by Tax Authority
the group
PT TJB Power Services (TJBPS)
PPN Juli 2016/VAT July SKP Kurang Bayar Rp343.148.076 Nihil/ KEP-00003/KEB/ Banding/Appeal Banding/Appeal
2016 Tambahan/Additional Nil WPJ.10/2021
Underpayment of Tax 2 Februari 2021/
Assessment Letter February 2, 2021
PPN September 2016/ SKP Kurang Bayar Rp1.147.586.586 Nihil/ KEP-00004/KEB/ Banding/Appeal Banding/Appeal
VAT September 2016 Tambahan/Additional Nil WPJ.10/2021
Underpayment of Tax 2 Februari 2021/
Assessment Letter February 2, 2021
PPh Pasal 26 SKP Kurang Bayar/ Rp1.278.674.504 Nihil/ KEP-00002/KEB/ Banding/Appeal Banding/Appeal
September 2016/WHT Underpayment of Tax Nil WPJ.10/2021
Art 26 September 2016 Assessment Letter 2 Februari 2021/
February 2, 2021
286 PT Medco Energi Internasional Tbk 2023 Annual Report
128
Page 289
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
25. UTANG PAJAK (lanjutan) 25. TAXES PAYABLE (continued)
Surat Ketetapan Pajak (SKP) – Entitas Anak Tax Assessment Letters – Subsidiaries (continued)
(lanjutan)
Klaim pajak Grup yang masih belum terselesaikan The Group’s unresolved tax claims due to the
akibat terbitnya Surat Ketetapan Pajak sampai issuance of Tax Assessment Letters up to
tanggal 31 Desember 2023 dan 2022 adalah December 31, 2023 and 2022 are as follows:
sebagai berikut: (lanjutan) (continued)
Jumlah Keberatan/
Jumlah Penilaian
Jenis Pajak dan Banding menurut Nomor dan Tanggal Status pada tanggal Status pada tanggal
Menurut Otoritas
Masa/ Jenis/ Group/ Surat Pajak/ 31 Desember 2023/ 31 Desember 2022/
Pajak/
Type of tax and Type Amount objection/ Number and date of Status as of Status as of
Amount assessed by
period appeal according to latest tax letters December 31, 2023 December 31, 2022
Tax Authority
the group
PT TJB Power Services (TJBPS) (lanjutan) / (continued)
PPh Badan Tahun SKP Kurang Bayar/ Rp3.624.483.370 Rp980.804.510 KEP-00001/KEB/ Banding/Appeal Banding/Appeal
2016/Corporate Underpayment of Tax WPJ.10/2021
Income Tax Year Assessment Letter 2 Februari 2021/
2016 February 2, 2021
PPN Maret 2018/VAT Surat Tagihan Pajak/ Rp792.422.654 Nihil/ KEP-07350/NKEB/ Gugatan/Lawsuit Gugatan/Lawsuit
March 2018 Tax Collection Letter Nil WPJ.10/2020
10 Desember 2020/
December 10, 2020
PPh 26 September. SKP Kurang Bayar/ Rp2.173.051.770 Nihil/ Berbagai nomor/ Keberatan/ —
Oktober, November, Underpayment of Tax Nil Various numbers Objection
Desember 2018/ Assessment Letter 18 September 2023/
WHT Art 26 September 18, 2023
September, October,
November, December
2018
PPN Juni 2019/VAT SKP Lebih Bayar/ Rp755.668.191 Rp1.336.639.627 KEP-00166/KEB/ Banding/Appeal Banding/Appeal
June 2019 Overpayment of Tax WPJ.10/2021
Assessment Letter 13 Juli 2021/
July 13, 2021
PPN Februari, Maret, Surat Tagihan Pajak/ Rp807.970.989 Rp132.800 Berbagai nomor/ Gugatan/Lawsuit Gugatan/Lawsuit
April, Juli 2019/VAT Tax Collection Letter Various numbers
February, March, 4 Maret 2021/
April, July 2019 March 4, 2021
PPN Agustus 2020/ SKP Lebih Bayar/ Rp746.870.324 Rp1.536.216.887 KEP-00182/KEB/PJ/ Banding/Appeal Banding/Appeal
VAT August 2020 Overpayment of Tax WPJ.10/2022
Assessment Letter 8 Juli 2022/
July 8, 2022
PT Medco Ratch Power Riau (MRPR)
PPh Badan Tahun SKP Lebih Bayar/ Koreksi fiskal atas Koreksi fiskal nihil PUT-005446 15/2022/ Selesai/Closed Banding/Appeal
2019/ Overpayment of Tax biaya sebesar/ atas biaya/ PP/M.VIIIA/Tahun
Corporate Income Tax Assessment Letter Fiscal correction on Zero fiscal correction 2023
Year 2019 expenses of on expenses 27 Februari 2023/
Rp1.680.176.190 February 27, 2023
PT Mitra Energi Batam (MEB)
PPh Badan Tahun SKP Lebih Bayar/ Rp3.229.558.100 Rp12.519.271.350 KEP-00159/KEB/ PJ/ Banding/Appeal Banding/Appeal
2019/Corporate Overpayment of Tax WPJ.34/2022
Income Tax Year Assessment Letter 21 Juli 2022/
2019 July 21, 2022
PPh 21 Desember SKP Kurang Bayar/ Rp175.434.607 Nihil/ KEP-00158/KEB/ PJ/ Banding/Appeal Banding/Appeal
2019/WHT Art 21 Underpayment of Tax Nil WPJ.34/2022
December 2019 Assessment Letter 21 Juli 2022/
July 21, 2022
PPh Badan Tahun SKP Lebih Bayar/ Kompensasi rugi fiskal Kompensasi rugi KEP-00015/KEB/ PJ/ Banding/Appeal Keberatan/Objection
2020/Corporate Overpayment of Tax nihil/ fiskal/ WPJ.34/2023
Income Tax Year Assessment Letter Zero tax loss carried Tax loss carried 16 Februari 2023/
2020 forward forward of February 16, 2023
Rp12.759.250.307
PT Dalle Energy Batam (DEB)
PPh Badan Tahun SKP Lebih Bayar/ Rp1.008.760.284 Rp7.960.998.326 KEP-00160/KEB/ PJ/ Banding/Appeal Banding/Appeal
2019/Corporate Overpayment of Tax WPJ.34/2022
Income Tax Year Assessment Letter 21 Juli 2022/
2019 July 21, 2022
2023 Annual Report PT Medco Energi Internasional Tbk 287
129
Page 290
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
25. UTANG PAJAK (lanjutan) 25. TAXES PAYABLE (continued)
Surat Ketetapan Pajak (SKP) – Entitas Anak Tax Assessment Letters – Subsidiaries (continued)
(lanjutan)
Klaim pajak Grup yang masih belum terselesaikan The Group’s unresolved tax claims due to the
akibat terbitnya Surat Ketetapan Pajak sampai issuance of Tax Assessment Letters up to
tanggal 31 Desember 2023 dan 2022 adalah December 31, 2023 and 2022 are as follows:
sebagai berikut: (lanjutan) (continued)
Jumlah Keberatan/
Jumlah Penilaian
Banding menurut Nomor dan Tanggal Status pada tanggal Status pada tanggal
Menurut Otoritas
Jenis Pajak dan Masa/ Jenis/ Group/ Surat Pajak/ 31 Desember 2023/ 31 Desember 2022/
Pajak/
Type of tax and period Type Amount objection/ Number and date of Status as of Status as of
Amount assessed
appeal according to latest tax letters December 31, 2023 December 31, 2022
by Tax Authority
the group
PT Bio Jatropha Indonesia (BJI)
PPh Pasal 23 Januari – SKP Kurang Bayar/ Rp5.614.008.876 Nihil/ Berbagai nomor/ Banding/Appeal Keberatan/Objection
Desember 2019/WHT Underpayment of Tax Nil Various numbers
Art 23 January – Assessment Letter 7 Februari 2023/
December 2019 February 7, 2023
PPh Pasal 23 Januari – SKP Kurang Bayar/ Rp2.663.607.207 Rp2.537.952 Berbagai nomor/ Banding/Appeal Keberatan/Objection
Desember 2020/WHT Underpayment of Tax Various numbers
Art 23 January – Assessment Letter 18 April 2023/
December 2020 April 18, 2023
PT Exspan Petrogas Intranusa (EPI)
PPh Badan Tahun SKP Lebih Bayar/ Koreksi fiskal atas Koreksi fiskal atas Surat Putusan Mahkamah Agung Peninjauan Kembali
2015/Corporate Income Overpayment of Tax biaya sebesar/ biaya sebesar/ Mahkamah Agung menolak Peninjauan oleh DJP tambahan
Tax Year 2015 Assessment Letter Fiscal correction on Fiscal correction on No./ Kembali/ koreksi fiskal biaya
expenses of expenses of Supreme Court Supreme Court sebesar/Judicial
Rp10.935.520.304 Rp10.935.520.304 Decision Letter No. rejected Judicial Review by DGT of
2014/B/PK/Pjk/2023 Review additional fiscal
11 Juli 2023/ correction on
July 11, 2023 expenses of
Rp36.821.124.119
PPh Badan Tahun SKP Lebih Bayar/ Koreksi fiskal atas Koreksi fiskal atas Surat Putusan Mahkamah Agung Peninjauan Kembali
2016/Corporate Income Overpayment of Tax biaya sebesar/ biaya sebesar/ Mahkamah Agung menolak Peninjauan oleh DJP atas koreksi
Tax Year 2016 Assessment Letter Fiscal correction on Fiscal correction on No./ Kembali/ fiskal biaya sebesar/
expenses of expenses of Supreme Court Supreme Court Judicial Review by
Rp6.064.074.138 Rp6.064.074.138 Decision Letter No. rejected Judicial DGT of fiscal
3827/B/PK/Pjk/2023 Review correction on
16 Oktober 2023/ expenses of
October 16, 2023 Rp 99.675.879.706
PT Medco E & P Tarakan (MEPT)
PPh Pasal 23 Januari – SKP Kurang Bayar/ Rp2.685.285 Nihil/ Surat Putusan Selesai/ Mahkamah Agung
Desember 2011/WHT Underpayment of Tax Nil Mahkamah Closed menolak Peninjauan
Art 23 January – Assessment Letter Agung No./ Kembali/
December 2011 Supreme Court Supreme Court
Decision Letter rejected Judicial
No. Review
3765/B/PK/Pjk/2022
18 Agustus 2022/
August 18, 2022
PT Medco E & P Rimau (MEPR)
PPh Badan Tahun 2011/ SKP Kurang Bayar/ AS$152.568/ Nihil/ Surat Putusan Selesai/ Mahkamah Agung
Corporate Income Tax Underpayment of Tax US$152,568 Nil Mahkamah Closed menolak Peninjauan
Year 2011 Assessment Letter Agung No./ Kembali oleh MEPR
Supreme Court dan DJP/
Decision Letter Supreme Court
No. rejected Judicial
2542 & 2543/B/PK/ Review by MEPR and
Pjk/2022 DGT
19 April 2022/
April 19, 2022
288 PT Medco Energi Internasional Tbk 2023 Annual Report
130
Page 291
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
25. UTANG PAJAK (lanjutan) 25. TAXES PAYABLE (continued)
Surat Ketetapan Pajak (SKP) – Entitas Anak Tax Assessment Letters – Subsidiaries (continued)
(lanjutan)
Klaim pajak Grup yang masih belum terselesaikan The Group’s unresolved tax claims due to the
akibat terbitnya Surat Ketetapan Pajak sampai issuance of Tax Assessment Letters up to
tanggal 31 Desember 2023 dan 2022 adalah December 31, 2023 and 2022 are as follows:
sebagai berikut: (lanjutan) (continued)
Jumlah Keberatan/
Jumlah Penilaian
Banding menurut Nomor dan Tanggal Status pada tanggal Status pada tanggal
Menurut Otoritas
Jenis Pajak dan Masa/ Jenis/ Group/ Surat Pajak/ 31 Desember 2023/ 31 Desember 2022/
Pajak/
Type of tax and period Type Amount objection/ Number and date of Status as of Status as of
Amount assessed
appeal according to latest tax letters December 31, 2023 December 31, 2022
by Tax Authority
the group
PT Medco E & P Rimau (MEPR) (lanjutan) / (continued)
PPh Badan Tahun SKP Kurang Bayar/ AS$129.784/ Nihil/ Surat Putusan Selesai/ Mahkamah Agung
2012/Corporate Income Underpayment of Tax US$129,784 Nil Mahkamah Closed menolak Peninjauan
Tax Year 2012 Assessment Letter Agung No./ Kembali oleh MEPR
Supreme Court dan DJP/
Decision Letter Supreme Court
No. rejected Judicial
398 & 399/B/PK/ Review by MEPR and
Pjk/2022 DGT
1 Maret 2022/
March 1, 2022
PPh Pasal 23 Agustus SKP Kurang Bayar/ Rp445.408 Nihil/ Surat Putusan Banding dikabulkan Banding/Appeal
2018/WHT Art 23 Underpayment of Tax Nil Pengadilan seluruhnya/
August 2018 Assessment Letter Pajak No./ Appeal is fully granted
Tax Court Decision
Letter No.
PUT-006841.12
4 Agustus 2023/
August 4, 2023
PPN Juni, Agustus, SKP Kurang Bayar/ Rp526.936.447 Nihil/ Surat Putusan Banding dikabulkan Banding/Appeal
Oktober, November Underpayment of Tax Nil Pengadilan seluruhnya/
2018/VAT June, Assessment Letter Pajak Berbagai Appeal is fully granted
August, October, Nomor/
November 2018 Tax Court Decision
Letter Various
Numbers
4 Agustus 2023/
August 4, 2023
PPN Januari 2019/ SKP Kurang Bayar/ Rp20.369.148 Nihil/ Surat Putusan Keberatan dikabulkan Keberatan/Objection
VAT January 2019 Underpayment of Tax Nil Keberatan Pajak seluruhnya/
Assessment Letter No./Tax Objection Objection is fully
Decision Letter No. granted
KEP-00838/KEB/PJ/
WPJ.07/2023
12 April 2023/
April 12, 2023
PT Medco E & P Indonesia (MEPI)
PPh Badan Tahun 2011/ SKP Kurang Bayar/ AS$1.053.319/ Nihil/ Surat Putusan Selesai/ Mahkamah Agung
Corporate Income Tax Underpayment of Tax US$1,053,319 Nil Mahkamah Closed menolak Peninjauan
Year 2011 Assessment Letter Agung No./ Kembali/
Supreme Court Supreme Court
Decision Letter rejected Judicial
No. Review
343/B/PK/Pjk/2022
1 Maret 2022/
March 1, 2022
PPh Pasal 23 Januari – SKP Kurang Bayar/ Rp2.663.214.107 Nihil/ Surat Putusan Peninjauan Kembali/ Peninjauan Kembali/
Desember 2011/WHT Underpayment of Tax Nil Pengadilan Judicial Review Judicial Review
Art 23 January – Assessment Letter Pajak No./
December 2011 Tax Court Decision
Letter No.
PUT-000796.12
26 Agustus 2020/
August 26, 2020
2023 Annual Report PT Medco Energi Internasional Tbk 289
131
Page 292
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
25. UTANG PAJAK (lanjutan) 25. TAXES PAYABLE (continued)
Surat Ketetapan Pajak (SKP) – Entitas Anak Tax Assessment Letters – Subsidiaries (continued)
(lanjutan)
Klaim pajak Grup yang masih belum terselesaikan The Group’s unresolved tax claims due to the
akibat terbitnya Surat Ketetapan Pajak sampai issuance of Tax Assessment Letters up to
tanggal 31 Desember 2023 dan 2022 adalah December 31, 2023 and 2022 are as follows:
sebagai berikut: (lanjutan) (continued)
Jumlah Keberatan/
Jumlah Penilaian
Banding menurut Nomor dan Tanggal Status pada tanggal Status pada tanggal
Menurut Otoritas
Jenis Pajak dan Masa/ Jenis/ Group/ Surat Pajak/ 31 Desember 2023/ 31 Desember 2022/
Pajak/
Type of tax and period Type Amount objection/ Number and date of Status as of Status as of
Amount assessed
appeal according to latest tax letters December 31, 2023 December 31, 2022
by Tax Authority
the group
PT Medco E & P Indonesia (MEPI) (lanjutan) / (continued)
PPh Badan Tahun SKP Kurang Bayar/ AS$756.773/ Nihil/ Surat Putusan Mahkamah Agung Peninjauan Kembali
2012/Corporate Income Underpayment of Tax US$756,773 Nil Mahkamah Agung menolak Peninjauan oleh DJP sebesar/
Tax Year 2012 Assessment Letter No./ Kembali/ Judicial Review by
Supreme Court Supreme Court DGT of US$756,773
Decision Letter No. rejected Judicial
729/B/PK/Pjk/2023 Review
4 April 2023/
April 4, 2023
PPh Pasal 23 Mei – SKP Kurang Bayar/ Rp9.796.638 Rp9.796.638 Surat Putusan Mahkamah Agung Peninjauan Kembali
Desember 2012/WHT Underpayment of Tax Mahkamah Agung menolak Peninjauan oleh DJP sebesar/
Art 23 May – December Assessment Letter No./ Kembali/ Judicial Review by
2012 Supreme Court Supreme Court DGT of
Decision Letter No. rejected Judicial Rp2.076.553.704
728/B/PK/Pjk/2023 Review
4 April 2023/
April 4, 2023
PPN Desember 2012/ SKP Kurang Bayar/ Nihil/ Nihil/ Surat Putusan Mahkamah Agung Peninjauan Kembali
VAT December 2012 Underpayment of Tax Nil Nil Mahkamah Agung menolak Peninjauan oleh DJP sebesar/
Assessment Letter No./ Kembali/ Judicial Review by
Supreme Court Supreme Court DGT of
Decision Letter No. rejected Judicial Rp183.354.857
919/B/PK/Pjk/2023 Review
4 April 2023/
April 4, 2023
PPN Februari, April, SKP Kurang Bayar/ Nihil/ Nihil/ Surat Putusan Selesai/ Closed Mahkamah Agung
Juni, Juli, September, Underpayment of Tax Nil Nil Mahkamah menolak Peninjauan
November, Desember Assessment Letter Agung Kembali/
2013/VAT February, Berbagai nomor/ Supreme Court
April, June, July, Supreme Court rejected Judicial
September, November, Decision Review
December 2013 Letter
Various numbers
1 Maret 2022/
March 1, 2022
PPN Februari, April, SKP Kurang Bayar/ Rp5.453.800 Nihil/ Surat Putusan Banding dikabulkan Banding/Appeal
Mei, Juni, Agustus, Underpayment of Tax Nil Pengadilan sebagian/
September, November, Assessment Letter Pajak Berbagai Appeal is partially
Desember 2016/VAT Nomor/ granted
February, April, May, Tax Court Decision
June, August, Letter Various
September, November, Numbers
December 2016 8 Agustus 2023/
August 8, 2023
PPh Pasal 23 SKP Kurang Bayar/ Nihil/ Nihil/ Surat Putusan Banding dikabulkan Banding/Appeal
Desember 2017/WHT Underpayment of Tax Nil Nil Pengadilan seluruhnya/
Art 23 December 2017 Assessment Letter Pajak No./ Appeal is fully granted
Tax Court Decision
Letter No.
PUT-006639.12
8 Agustus 2023/
August 8, 2023
290 PT Medco Energi Internasional Tbk 2023 Annual Report
132
Page 293
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
25. UTANG PAJAK (lanjutan) 25. TAXES PAYABLE (continued)
Surat Ketetapan Pajak (SKP) – Entitas Anak Tax Assessment Letters – Subsidiaries (continued)
(lanjutan)
Klaim pajak Grup yang masih belum terselesaikan The Group’s unresolved tax claims due to the
akibat terbitnya Surat Ketetapan Pajak sampai issuance of Tax Assessment Letters up to
tanggal 31 Desember 2023 dan 2022 adalah December 31, 2023 and 2022 are as follows:
sebagai berikut: (lanjutan) (continued)
Jumlah Keberatan/
Jumlah Penilaian
Banding menurut Nomor dan Tanggal Status pada tanggal Status pada tanggal
Menurut Otoritas
Jenis Pajak dan Masa/ Jenis/ Group/ Surat Pajak/ 31 Desember 2023/ 31 Desember 2022/
Pajak/
Type of tax and period Type Amount objection/ Number and date of Status as of Status as of
Amount assessed
appeal according to latest tax letters December 31, 2023 December 31, 2022
by Tax Authority
the group
PT Medco E & P Indonesia (MEPI) (lanjutan) / (continued)
PPN Februari, Maret, SKP Kurang Bayar/ Rp4.353.202 Nihil/ Surat Putusan Banding dikabulkan Banding/Appeal
Juli, September, Underpayment of Tax Nil Pengadilan sebagian/
Oktober, Desember Assessment Letter Pajak Berbagai Appeal is partially
2017/VAT February, Nomor/ granted
March, July, Tax Court Decision
September, October, Letter Various
December 2017 Numbers
8 Agustus 2023/
August 8, 2023
PPN Januari – SKP Kurang Bayar/ Rp682.009.461 Nihil/ Surat Putusan Banding/Appeal Banding/Appeal
Desember 2018/VAT Underpayment of Tax Nil Keberatan
January – December Assessment Letter Pajak Berbagai
2018 nomor/
Tax Objection
Decision Letter
Various numbers
Oktober-November
2022/
October-November
2022
PPh Pasal 23 Januari, SKP Kurang Bayar/ Rp 10.441.548 Nihil/ Surat Putusan Keberatan dikabulkan Keberatan/Objection
Februari, April, Mei, Underpayment of Tax Nil Keberatan Pajak sebagian/Objection is
Juni, Juli, Agustus, Assessment Letter Berbagai nomor/ partially granted
November, Desember Tax Objection
2019/ Decision Letter
WHT Art 23 January, Various numbers
February, April, May, Mei dan Oktober
June, July, August, 2023/
November, December May and October
2019 2023
PPh Pasal 26 Februari SKP Kurang Bayar/ Rp13.329.777 Nihil/ Surat Putusan Banding/Appeal Keberatan/Objection
2019/ Underpayment of Tax Nil Keberatan Pajak
WHT Art 26 February Assessment Letter No./Tax Objection
2019 Decision Letter No.
KEP-02170/KEB/PJ/
WPJ.07/2023
28 Juli 2023/
July 28,2023
PPh Pasal 26 Agustus SKP Kurang Bayar/ Rp8.978.800 Nihil/ Surat Putusan Selesai/Closed Keberatan/Objection
2019/ Underpayment of Tax Nil Keberatan Pajak
WHT Art 26 August Assessment Letter No./Tax Objection
2019 Decision Letter No.
KEP-02170/KEB/PJ/
WPJ.07/2023
28 Juli 2023/
July 28,2023
PPN Mei, Juni, Agustus, SKP Kurang Bayar/ Rp 56.607.412 Nihil/ Surat Putusan Keberatan dikabulkan Keberatan/Objection
September, Oktober, Underpayment of Tax Nil Keberatan Pajak sebagian/Objection is
November, Desember Assessment Letter Berbagai nomor/ partially granted
2019/ Tax Objection
VAT May, June, Decision Letter
August, September, Various numbers
October, November, Juni-Oktober 2023/
December 2019 June-October 2023
Medco E&P Natuna Limited (MEPN)
PPN November & SKP Kurang Bayar/ Rp366.854.540 Nihil/ Surat Putusan Banding/Appeal Banding/Appeal
Desember 2017/VAT Underpayment of Tax Nil Keberatan Pajak
November & December Assessment Letter Berbagai nomor/
2017 Tax Objection
Decision Letter
Various numbers
Oktober 2021/
October 2021
2023 Annual Report PT Medco Energi Internasional Tbk 291
133
Page 294
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
25. UTANG PAJAK (lanjutan) 25. TAXES PAYABLE (continued)
Surat Ketetapan Pajak (SKP) – Entitas Anak Tax Assessment Letters – Subsidiaries (continued)
(lanjutan)
Klaim pajak Grup yang masih belum terselesaikan The Group’s unresolved tax claims due to the
akibat terbitnya Surat Ketetapan Pajak sampai issuance of Tax Assessment Letters up to
tanggal 31 Desember 2023 dan 2022 adalah December 31, 2023 and 2022 are as follows:
sebagai berikut: (lanjutan) (continued)
Jumlah Keberatan/
Jumlah Penilaian
Banding menurut Nomor dan Tanggal Status pada tanggal Status pada tanggal
Menurut Otoritas
Jenis Pajak dan Masa/ Jenis/ Group/ Surat Pajak/ 31 Desember 2023/ 31 Desember 2022/
Pajak/
Type of tax and period Type Amount objection/ Number and date of Status as of Status as of
Amount assessed
appeal according to latest tax letters December 31, 2023 December 31, 2022
by Tax Authority
the group
Medco E&P Natuna Limited (MEPN) (lanjutan) / (continued)
PPN Januari, Februari, SKP Kurang Bayar/ Rp3.151.944.790 Nihil/ Surat Putusan Banding/Appeal Banding/Appeal
April, Juli, Agustus, Underpayment of Tax Nil Keberatan Pajak
September 2017/VAT Assessment Letter Berbagai nomor/
January, February, Tax Objection
April, July, August, Decision Letter
September 2017 Various numbers
November 2021/
November 2021
PPh Pasal 23 Mei, SKP Kurang Bayar/ Rp197.873.948 Nihil/ Surat Putusan Peninjauan Kembali/ Banding/Appeal
Agustus, Oktober, Underpayment of Tax Nil Pengadilan Berbagai Judicial Review
Desember 2018/WHT Assessment Letter nomor/
Art 23 May, August, Tax Court Decision
October, December Letter
2018 Various numbers
10 Oktober 2023/
October 10, 2023
PPh Pasal 15 Januari – SKP Kurang Bayar/ Rp802.232.914 Nihil/ Surat Putusan Peninjauan Kembali/ Banding/Appeal
Desember 2018/WHT Underpayment of Tax Nil Pengadilan Berbagai Judicial Review
Art 15 January – Assessment Letter nomor/
December 2018 Tax Court Decision
Letter
Various numbers
10 Oktober 2023/
October 10, 2023
PPN Februari, Mei, Juli, SKP Kurang Bayar/ Rp1.547.084.099 Nihil/ Surat Putusan Peninjauan Kembali/ Banding/Appeal
Agustus, Oktober, Underpayment of Tax Nil Pengadilan Berbagai Judicial Review
November, Desember Assessment Letter nomor/
2018/VAT February, Tax Court Decision
May, July, August, Letter
October, November, Various numbers
December 2018 10 Oktober 2023/
October 10, 2023
PPh Pasal 23 Januari, SKP Kurang Bayar/ Rp76.309.065 Nihil/ Surat Putusan Keberatan dikabulkan —
Februari, Juli, Underpayment of Tax Nil Keberatan sebagian/
November, Desember Assessment Letter Pajak Berbagai Objection is partially
2019/ nomor/ granted*)
WHT Art 23 January, Tax Objection
February, July, Decision
November, December Letter
2019 Various numbers
Maret dan Oktober
2023/
March and October
2023
PPN Januari – SKP Kurang Bayar/ Rp946.705.947 Nihil/ Surat Putusan Keberatan dikabulkan —
Desember 2019/ Underpayment of Tax Nil Keberatan sebagian/
VAT January – Assessment Letter Pajak Berbagai Objection is partially
December 2019 nomor/ granted**)
Tax Objection
Decision
Letter
Various numbers
8 November 2023/
November 8, 2023
(*) MEPN mengajukan permohonan banding untuk PPh Pasal Masa (*) MEPN submitted appeal request for WHT Art 23 December 2019 on
Pajak 23 Desember 2019 pada 26 Januari 2024 January 26, 2024
(**) MEPN mengajukan permohonan banding untuk PPn Masa Pajak (**) MEPN submitted appeal request for VAT period of January,
Januari, Februari, Maret, April, Juni, September, Oktober dan February, March, April, June, September, October and December
Desember 2019 pada 6 Februari 2024 2019 on February 6, 2024
292 PT Medco Energi Internasional Tbk 2023 Annual Report
134
Page 295
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
25. UTANG PAJAK (lanjutan) 25. TAXES PAYABLE (continued)
Surat Ketetapan Pajak (SKP) – Entitas Anak Tax Assessment Letters – Subsidiaries (continued)
(lanjutan)
Klaim pajak Grup yang masih belum terselesaikan The Group’s unresolved tax claims due to the
akibat terbitnya Surat Ketetapan Pajak sampai issuance of Tax Assessment Letters up to
tanggal 31 Desember 2023 dan 2022 adalah December 31, 2023 and 2022 are as follows:
sebagai berikut: (lanjutan) (continued)
Jumlah Keberatan/
Jumlah Penilaian
Banding menurut Nomor dan Tanggal Status pada tanggal Status pada tanggal
Menurut Otoritas
Jenis Pajak dan Masa/ Jenis/ Group/ Surat Pajak/ 31 Desember 2023/ 31 Desember 2022/
Pajak/
Type of tax and period Type Amount objection/ Number and date of Status as of Status as of
Amount assessed
appeal according to latest tax letters December 31, 2023 December 31, 2022
by Tax Authority
the group
Medco E&P Bangkanai Limited (MEPBL)
PPh Pasal 26 Oktober SKP Kurang Bayar/ Rp69.194.743 Nihil/ Surat Putusan Keberatan ditolak/ Keberatan/Objection
2019/ Underpayment of Tax Nil Keberatan Pajak No. / Objection is rejected
WHT Art 26 October Assessment Letter Tax Objection
2019 Decision Letter No.
KEP-01103/KEB/PJ/
WPJ.07/2023
10 Mei 2023/
May 10, 2023
PPN Januari, Februari, SKP Kurang Bayar/ Rp180.120.940 Nihil/ Surat Putusan Banding/Appeal Keberatan/Objection
Maret, Mei, Juli, Underpayment of Tax Nil Keberatan Pajak
Agustus, September, Assessment Letter Berbagai nomor/
Oktober, November, Tax Objection
Desember 2019/ Decision Letter
VAT January, February, Various numbers
March, May, July, Mei 2023/
August, September, May 2023
October, November,
December 2019
Medco E&P Grissik Limited (MEPG)
PPN Januari – SKP Kurang Bayar/ Rp6.340.057.359 Nihil/ Surat Putusan Mahkamah Agung Peninjauan Kembali
Desember 2007/ Underpayment of Tax Nil Mahkamah Agung menolak Peninjauan oleh DJP sebesar/
VAT January – Assessment Letter No./ Kembali/ Judicial Review by
December 2007 Supreme Court Supreme Court DGT of
Decision Letter No. rejected Judicial Rp6.340.057.359
1262/B/PK/Pjk/2023 Review
25 Mei 2023/
May 25, 2023
Manajemen berkeyakinan Grup telah menaati Management believes the Group has fully complied
ketentuan perpajakan yang berlaku di Indonesia with the tax requirements in Indonesia and in other
dan di yurisdiksi pajak lainnya. Oleh karena itu, tax jurisdictions. Therefore, management is of the
manajemen berpendapat tidak diperlukan opinion that no provision is necessary for uncertain
pencadangan atas ketidakpastian posisi perpajakan tax position from the above mentioned Tax
dari Surat Ketetapan Pajak yang disebutkan di atas. Assessment Letters.
2023 Annual Report PT Medco Energi Internasional Tbk 293
135
Page 296
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
26. BIAYA AKRUAL DAN PROVISI LAIN-LAIN 26. ACCRUED EXPENSES AND OTHER
PROVISIONS
Akun ini terdiri dari: This account consists of:
2023 2022
Kontrak jasa 84.734.930 75.476.867 Contract services
Bunga 42.423.516 42.384.704 Interest
Gaji dan Bonus 35.646.007 27.576.540 Salaries and bonuses
Pemasok 19.662.981 16.955.999 Suppliers
Operasi bersama 13.525.623 2.550.570 Joint operations
Jasa profesional 6.022.598 9.619.779 Professional fees
Sewa 2.282.796 1.996.627 Rentals
Denda Kontrak – 9.264.294 Contract penalties
Beban operasional lainnya 35.703.267 42.037.324 Other operating expenses
Jumlah 240.001.718 227.862.704 Total
Kontrak jasa merupakan akrual dari berbagai servis Contract services represent accrual of various
yang berkaitan dengan aktivitas eksplorasi dan services relating to oil and gas exploration and
produksi minyak dan gas bumi. production activities.
Bunga yang masih harus dibayar terdiri dari bunga Accrued interest consist of interest on short-term
atas pinjaman bank jangka pendek dan jangka and long-term bank borrowings, bonds, and other
panjang, obligasi dan hutang jangka panjang long-term debts.
lainnya.
Liabilitas kepada pemasok terkait dengan aktivitas Liabilities to suppliers represent operational
dan transaksi operasional dimana tagihan dengan activities and transactions for which the related
jumlah tersebut belum diterima oleh Grup. invoices for such amounts have not yet been
received by the Group.
Pada tanggal 31 Desember 2022 denda kontrak As of December 31, 2022 contract penalties mainly
terutama terdiri dari denda akrual atas tidak consist of accrued penalties for not drilling the
dilakukannya pemboran sumur kedua di Blok 10 second well of Block 10 Mexico as stated in the
Mexico sesuai yang diatur dalam perjanjian. agreement.
294 PT Medco Energi Internasional Tbk 2023 Annual Report
136
Page 297
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
27. DERIVATIF 27. DERIVATIVES
2023 2022
Liabilitas Liabilitas
Aset Derivatif/ Derivatif/ Keuntungan Aset Derivatif/ Derivatif/ Keuntungan
Pihak ketiga/Third Derivative Derivative (Kerugian)/ Derivative Derivative (Kerugian)/
parties Jenis/Type Assets Liabilities Gain (Loss) Assets Liabilities Gain (Loss)
Perusahaan/The Company
Perjanjian swap atas
PT DBS Bank mata uang silang/
Indonesia Cross-currency swaps 326.279 1.560.628 1.472.755 157.463 2.864.567 1.084.839
Perjanjian swap atas
PT Bank UOB mata uang silang/
Indonesia Cross-currency swaps 1.258.863 1.950.990 1.861.910 246.802 2.800.839 (2.176.007)
Perjanjian swap atas
PT Bank Permata mata uang silang/
Tbk Cross-currency swaps – 401.805 (24.247) – 377.558 (876.983)
Perjanjian swap atas
PT Bank Mandiri mata uang silang/
(Persero) Tbk Cross-currency swaps – 7.158.592 (892.420) – 6.266.172 (9.036.305)
Perjanjian swap atas
PT Bank CIMB Niaga mata uang silang/
Tbk Cross-currency swaps 113.514 3.710.358 1.634.847 – 5.231.691 (4.386.218)
Perjanjian swap atas
PT Bank Maybank mata uang silang/
Indonesia Tbk Cross-currency swaps 1.607.198 4.228.559 (470.135) 247.878 2.399.104 (1.905.036)
Perjanjian opsi
Morgan Stanley & Co komoditas/Commodity
International Plc options – – – – – 225.165
Perjanjian opsi
komoditas/Commodity
ING Bank N.V. options – – – – – 112.888
Non-Deliverable
Barclays Bank PLC Forward – – 202.824 – 202.824 (202.824)
Perjanjian collar
komoditas/Commodity
Natixis collar 115.422 – 1.497.560 – 1.382.138 100.857
Perjanjian collar
Morgan Stanley & Co komoditas/Commodity
International Plc collar 173.649 256.668 4.693.847 – 4.776.866 (3.725.521)
Perjanjian collar
komoditas/Commodity
ING Bank N.V. collar 192.428 – 695.238 – 502.810 (31.180)
Perjanjian collar
Standard Chartered komoditas/Commodity
Bank collar 134.866 – 134.866 – – –
PT Medco E & P Malaka ("MEPM")
Australia and new Perjanjian swap atas
Zealand Banking tingkat suku bunga/
Group Limited Interest rate swap 754.999 – 154.685 600.314 – 1.255.226
Perjanjian swap atas
tingkat suku bunga/
ING Bank N.V. Interest rate swap 766.163 – 156.357 609.806 – 1.265.335
Perjanjian swap atas
tingkat suku bunga/
Societe Generale Interest rate swap 787.429 – 180.748 606.681 – 1.263.996
2023 Annual Report PT Medco Energi Internasional Tbk 295
137
Page 298
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
27. DERIVATIF (lanjutan) 27. DERIVATIVES (continued)
2023 2022
Liabilitas Liabilitas
Aset Derivatif/ Derivatif/ Keuntungan Aset Derivatif/ Derivatif/ Keuntungan
Pihak ketiga/Third Derivative Derivative (Kerugian)/ Derivative Derivative (Kerugian)/
parties Jenis/Type Assets Liabilities Gain (Loss) Assets Liabilities Gain (Loss)
PT Medco Ratch Power Riau ("MRPR")
Perjanjian swap atas
tingkat suku bunga/
MUFG Bank Ltd Interest rate swap 8.380.742 – (659.662) 9.040.404 – 11.380.862
Sumitomo Mitsui Perjanjian swap atas
Banking tingkat suku bunga/
Corporation Interest rate swap 8.371.869 – (385.643) 8.757.512 – 11.102.786
Perjanjian swap atas
International Finance tingkat suku bunga/
Corporation Interest rate swap 5.082.700 – (241.759) 5.324.459 – 6.733.109
PT Medco Power Indonesia ("MPI")
PT Bank Negara Perjanjian swap atas
Indonesia mata uang silang/
(Persero) Tbk Cross-currency swaps – – (445.817) 445.817 – 445.817
Jumlah/Total 28.066.121 19.267.600 9.565.954 26.037.136 26.804.569 12.630.806
Dikurangi yang jatuh tempo dalam satu tahun/
Less current portion 2.393.239 8.989.394 2.393.892 16.981.738
Bagian jangka panjang/Long-term portion 25.672.882 10.278.206 23.643.244 9.822.831
Keuntungan (kerugian) yang terealisasi atau
belum direalisasi yang diakui pada laporan
laba rugi dan penghasilan komprehensif lain
konsolidasian/ Realized or unrealized gain
(loss) on derivatives recognized in
consolidated statement of profit or loss and
other comprehensive income 26.199.911 (19.052.077)
Pendapatan komprehensif lainnya atas
lindung nilai atas arus kas/ Other
comprehensive income of cash flow
hedge (16.633.957) 31.682.883
296 PT Medco Energi Internasional Tbk 2023 Annual Report
138
Page 299
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
27. DERIVATIF (lanjutan) 27. DERIVATIVES (continued)
Grup melakukan transaksi forward atas mata uang The Group entered into foreign exchange forward,
asing, swap atas mata uang silang dan swap atas cross-currency swaps and interest rate swaps
tingkat suku bunga sebagai instrumen lindung nilai hedging instruments to manage its foreign currency
untuk mengelola risiko atas mata uang asing dan and interest rate risks. The Group also entered into
tingkat bunga. Grup juga mempunyai kontrak collar commodity collar and commodity options contract
komoditas dan kontrak opsi komoditas yang that are used as a hedge for the exposure to
digunakan sebagai lindung nilai atas eksposur changes in commodity price. All contracts entered
perubahan harga komoditas. Seluruh kontrak yang into by the Group have underlying obligations.
dilakukan Grup mempunyai kewajiban yang
mendasari.
Lindung nilai arus kas - risiko mata uang asing Cash flow hedges - foreign currency risk
Kontrak cross-currency swap dan foreign currency Cross-currency swaps and foreign currency forward
forward ditetapkan sebagai instrumen lindung nilai contracts are designated as hedging instruments in
dalam lindung nilai arus kas dari transaksi perkiraan cash flow hedges of forecast transactions in
dalam Rupiah Indonesia. Transaksi perkiraan ini Indonesian Rupiah. These forecast transactions are
sangat mungkin diperkirakan untuk pembayaran highly probable for the Group’s payment of salaries,
gaji, pembelian barang dan pembayaran utang purchases of materials and repayment of liabilities
Grup dalam Rupiah Indonesia. in Indonesian Rupiah.
Lindung nilai arus kas - risiko suku bunga Cash flow hedges - interest rate risk
Grup memiliki utang dengan suku bunga The Group has liabilities with floating and fixed
mengambang dan tetap. Grup menetapkan kontrak interest rate. The Group designates interest rate
swap suku bunga sebagai lindung nilai arus kas swaps as cash flow hedges to mitigate the volatility
untuk memitigasi volatilitas dari suku bunga. of interest rate.
Risiko harga komoditas Commodity price risk
Grup menjual minyak mentah secara berkelanjutan. The Group sells crude oil on an ongoing basis. The
Peningkatan volatilitas harga minyak telah increased volatility in oil prices has led to the
menyebabkan keputusan untuk masuk ke dalam decision to enter into commodity option contracts to
kontrak opsi komoditas untuk melindungi risiko hedge the downside price risk from crude oil sales.
penurunan harga dari penjualan minyak mentah.
Terdapat hubungan ekonomi antara item yang There is an economic relationship between the
dilindung nilai dan instrumen lindung nilai karena hedged items and the hedging instruments as the
ketentuan instrumen lindung nilai cocok dengan terms of the hedging instruments match the terms
persyaratan transaksi perkiraan yang sangat of the expected highly probable forecast
mungkin diperkirakan (contoh jumlah notional dan transactions (i.e., notional amount and expected
tanggal pembayaran yang diharapkan). payment date).
Untuk menguji efektivitas lindung nilai, Grup To test the hedge effectiveness, the Group uses the
menggunakan metode derivatif hipotetis dan hypothetical derivative method and compares the
membandingkan perubahan nilai wajar instrumen changes in the fair value of the hedging instruments
lindung nilai terhadap perubahan nilai wajar item against the changes in fair value of the hedged
yang dilindung nilai yang disebabkan oleh risiko items attributable to the hedged risks.
yang dilindung nilai.
Ketidakefektifan lindung nilai dapat timbul dari: The hedge ineffectiveness can arise from:
• Perbedaan dalam waktu arus kas dari item • Differences in the timing of the cash flows of
yang dilindung nilai dan instrumen lindung the hedged items and the hedging
nilai; instruments;
• Indeks yang berbeda (dan kurva yang • Different indexes (and accordingly different
berbeda) yang terkait dengan risiko lindung curves) linked to the hedged risk of the
nilai dari item yang dilindungi dan instrumen hedged items and hedging instruments;
lindung nilai;
2023 Annual Report PT Medco Energi Internasional Tbk 297
139
Page 300
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
27. DERIVATIF (lanjutan) 27. DERIVATIVES (continued)
Ketidakefektifan lindung nilai dapat timbul dari: The hedge ineffectiveness can arise from:
(lanjutan) (continued)
• Risiko kredit rekanan yang memengaruhi • The counterparties’ credit risk differently
pergerakan nilai wajar instrumen lindung nilai impacting the fair value movements of the
dan item yang dilindung nilai secara berbeda; hedging instruments and hedged items; and
dan
• Perubahan pada perkiraan arus kas dari item • Changes to the forecasted amount of cash
yang dilindung nilai dan instrumen lindung flows of hedged items and hedging
nilai. instruments.
Informasi lebih lanjut mengenai berbagai kontrak Further information relating to the derivatives
derivatif Grup adalah sebagai berikut: undertaken by the Group is as follows:
Nilai Notional/Notional Amount
Tanggal Tanggal
Pihak ketiga/ Dalam mata uang Syarat dan ketentuan/
Dalam AS$/ Efektif/ Pertukaran Akhir/
Third parties asing/ In foreign Terms and conditions
In US$ Effective Date Final Exchange Date
currency
Perjanjian non deliverable mata uang asing/
Foreign exchange non-deliverable forward
Barclays Bank 6.000.000 Rp90.330.000.000 13 Mei 2022/ 16 Mei 2023/ Perusahaan dapat membeli sejumlah nilai nominal
PLC May 13, 2022 May 16, 2023 Rupiah pada rate yang telah disepakati dan
membayar sejumlah nilai nominal Dolar AS setiap
Telah diselesaikan pada bulannya dengan cara pembayaran netting/
bulan Mei 2023/ The Company shall buy the Rupiah notional
Settled in May 2023 amount at the agreed rate and pay US Dollar
notional amount in a monthly basis with netting
payment.
Perjanjian swap silang atas mata uang/
Cross-currency swap
PT Bank CIMB 10.000.000 Rp150.000.000.000 7 Juli 2023/ 7 Juli 2026/ Perusahaan menerima tingkat bunga tetap per
Niaga Tbk July 7, 2023 July 7, 2026 tahun atas nilai nominal Rupiah dan membayar
pada tingkat bunga tetap atas nilai nominal Dolar
AS setiap tanggal 6 Juli, 6 Oktober, 6 Januari dan
6 April. Pertukaran awal terjadi pada tanggal
efektif dimana Perusahaan membayar nilai
nominal Rupiah dan menerima nilai nominal Dolar
PT Bank UOB 17.333.333 Rp260.000.000.000 7 Juli 2023/ 7 Juli 2028/ AS. Pada pertukaran akhir, Perusahaan
Indonesia July 7, 2023 July 7, 2028 membayar nilai nominal Dolar AS dan menerima
nilai nominal Rupiah/
The Company shall receive a fixed interest rate on
the Rupiah notional amount and pay a fixed
interest rate on the US Dollar notional amount
every July 6, October 6, January 6 and April 6.
PT Bank Maybank 39.333.333 Rp590.000.000.000 7 Juli 2023/ 7 Juli 2030/ Initial exchange occurred on the effective date in
Indonesia Tbk July 7, 2023 July 7, 2030 which the Company paid the Rupiah notional
amount and received the US Dollar notional
amount. On the final exchange date, the Company
pays the US Dollar notional amount and receives
the Rupiah notional amount.
298 PT Medco Energi Internasional Tbk 2023 Annual Report
140
Page 301
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
27. DERIVATIF (lanjutan) 27. DERIVATIVES (continued)
Informasi lebih lanjut mengenai berbagai kontrak Further information relating to the derivatives
derivatif Grup adalah sebagai berikut: (lanjutan) undertaken by the Group is as follows: (continued)
Nilai Notional/Notional Amount
Tanggal Tanggal
Pihak ketiga/ Dalam mata uang Syarat dan ketentuan/
Dalam AS$/ Efektif/ Pertukaran Akhir/
Third parties asing/ In foreign Terms and conditions
In US$ Effective Date Final Exchange Date
currency
Perjanjian swap silang atas mata uang (lanjutan)/
Cross-currency swap (continued)
PT Bank Maybank 16.005.122 Rp250.000.000.000 10 November 23 Juni 2028/ Perusahaan menerima tingkat bunga tetap per
Indonesia Tbk 2023/ June 23, 2028 tahun atas nilai nominal Rupiah dan membayar
November 10, pada tingkat bunga tetap atas nilai nominal Dolar
2023 AS setiap tanggal 23 Juni, 23 September, 23
Desember, dan 23 Maret. Pertukaran awal terjadi
pada tanggal efektif dimana Perusahaan
membayar nilai nominal Rupiah dan menerima
PT Bank CIMB 48.387.097 Rp750.000.000.000 8 November 23 Juni 2028/ nilai nominal Dolar AS. Perusahaan membayar
Niaga Tbk 2023/ June 23, 2028 nilai nominal Dolar AS dan menerima nilai nominal
November 8, Rupiah pada setiap tiga bulan sampai dengan
2023 pertukaran akhir sesuai dengan jadwal
pembayaran/
The Company shall receive a fixed interest rate on
the Rupiah notional amount and pay a fixed
PT Bank Mandiri 85.092.972 Rp1.350.000.000.000 7 November 23 Juni 2028/ interest rate on the US Dollar notional amount
(Persero) Tbk 2023/ June 23, 2028 every June 23, September 23, December 23 and
November 7, March 23. Initial exchange occurred on the
2023 effective date in which the Company paid the
PT Bank DBS 40.816.327 Rp650.000.000.000 6 November 23 Juni 2028/ Rupiah notional amount and received the US
Indonesia 2023/ June 23, 2028 Dollar notional amount. The Company pays the
November 6, US Dollar notional amount and receives the
2023 Rupiah notional amount for every three months up
to the final exchange date based on the
PT Bank UOB 40.816.327 Rp650.000.000.000 6 November 23 Juni 2028/ repayment schedule.
Indonesia 2023/ June 23, 2028
November 6,
2023
PT Bank DBS 50.267.044 Rp800.000.000.000 1 November 23 Juni 2028/
Indonesia 2023/ June 23, 2028
November 1,
2023
PT Bank Maybank 50.156.740 Rp800.000.000.000 1 November 23 Juni 2028/
Indonesia Tbk 2023/ June 23, 2028
November 1,
2023
2023 Annual Report PT Medco Energi Internasional Tbk 299
141
Page 302
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
27. DERIVATIF (lanjutan) 27. DERIVATIVES (continued)
Informasi lebih lanjut mengenai berbagai kontrak Further information relating to the derivatives
derivatif Grup adalah sebagai berikut: (lanjutan) undertaken by the Group is as follows: (continued)
Nilai Notional/Notional Amount
Tanggal Tanggal
Pihak ketiga/ Dalam mata uang Syarat dan ketentuan/
Dalam AS$/ Efektif/ Pertukaran Akhir/
Third parties asing/ In foreign Terms and conditions
In US$ Effective Date Final Exchange Date
currency
Perjanjian swap silang atas mata uang (lanjutan)/
Cross-currency swap (continued)
PT Bank Mandiri 59.606.880 Rp892.315.000.000 26 Juli 2022/ 26 Juli 2025/ Perusahaan menerima tingkat bunga tetap per
(Persero) Tbk July 26, 2022 July 26, 2025 tahun atas nilai nominal Rupiah dan membayar
pada tingkat bunga tetap atas nilai nominal Dolar
AS setiap tanggal 25 Juli, 25 Oktober, 25 Januari
dan 25 April. Pertukaran awal terjadi pada tanggal
efektif dimana Perusahaan membayar nilai
nominal Rupiah dan menerima nilai nominal Dolar
PT Bank CIMB 43.420.174 Rp650.000.000.000 26 Juli 2022/ 26 Juli 2025/ AS. Pada pertukaran akhir, Perusahaan
Niaga Tbk July 26, 2022 July 26, 2025 membayar nilai nominal Dolar AS dan menerima
nilai nominal Rupiah/
The Company shall receive a fixed interest rate on
the Rupiah notional amount and pay a fixed
interest rate on the US Dollar notional amount
every July 25, October 25, January 25 and April
PT Bank DBS 23.380.094 Rp350.000.000.000 26 Juli 2022/ 26 Juli 2025/ 25. Initial exchange occurred on the effective date
Indonesia July 26, 2022 July 26, 2025 in which the Company paid the Rupiah notional
amount and received the US Dollar notional
amount. On the final exchange date, the Company
pays the US Dollar notional amount and receives
the Rupiah notional amount.
PT Bank DBS 6.662.225 Rp100.000.000.000 26 Juli 2022/ 26 Juli 2027/ Perusahaan menerima tingkat bunga tetap per
Indonesia July 26, 2022 July 26, 2027 tahun atas nilai nominal Rupiah dan membayar
pada tingkat bunga tetap atas nilai nominal Dolar
AS setiap tanggal 25 Juli, 25 Oktober, 25 Januari
PT Bank Maybank 28.075.616 Rp421.415.000.000 26 Juli 2022/ 26 Juli 2027/
dan 25 April. Pada pertukaran akhir, Perusahaan
Indonesia Tbk July 26, 2022 July 26, 2027
membayar nilai nominal Dolar AS dan menerima
nilai nominal Rupiah/
PT Bank Maybank 19.058.628 Rp286.070.000.000 26 Juli 2022/ 26 Juli 2029/ The Company shall receive a fixed interest rate on
Indonesia Tbk July 26, 2022 July 26, 2029 the Rupiah notional amount and pay a fixed
interest rate on the US Dollar notional amount
every July 25, October 25, January 25 and April
PT Bank UOB 20.000.000 Rp300.200.000.000 26 Juli 2022/ 26 Juli 2029/ 25. On the final exchange date, the Company
Indonesia July 26, 2022 July 26, 2029 pays the US Dollar notional amount and receives
the Rupiah notional amount.
PT Bank Mandiri 15.469.233 Rp225.000.000.000 15 Juni 2022/ 23 Juni 2024/ Perusahaan menerima tingkat bunga tetap per
(Persero) Tbk June 15, 2022 June 23, 2024 tahun atas nilai nominal Rupiah dan membayar
pada tingkat bunga tetap atas nilai nominal Dolar
AS setiap tanggal 23 Juni, 23 September, 23
Desember dan 23 Maret. Pertukaran awal terjadi
pada tanggal efektif dimana Perusahaan
membayar nilai nominal Rupiah dan menerima
nilai nominal Dolar AS. Perusahaan membayar
nilai nominal Dolar AS dan menerima nilai nominal
Rupiah pada setiap tiga bulan sampai dengan
pertukaran akhir sesuai dengan jadwal
pembayaran/
PT Bank Maybank 15.458.605 Rp225.000.000.000 15 Juni 2022/ 23 Juni 2024/ The Company shall receive a fixed interest rate on
Indonesia Tbk June 15, 2022 June 23, 2024 the Rupiah notional amount and pay a fixed
interest rate on the US Dollar notional amount
every June 23, September 23, December 23 and
March 23. Initial exchange occurred on the
effective date in which the Company paid the
Rupiah notional amount and received the US
Dollar notional amount. The Company pays the
US Dollar notional amount and receives the
Rupiah notional amount for every three months up
to the final exchange date based on the
repayment schedule.
300 PT Medco Energi Internasional Tbk 2023 Annual Report
142
Page 303
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
27. DERIVATIF (lanjutan) 27. DERIVATIVES (continued)
Informasi lebih lanjut mengenai berbagai kontrak Further information relating to the derivatives
derivatif Grup adalah sebagai berikut: (lanjutan) undertaken by the Group is as follows: (continued)
Nilai Notional/Notional Amount
Tanggal Tanggal
Pihak ketiga/ Dalam mata uang Syarat dan ketentuan/
Dalam AS$/ Efektif/ Pertukaran Akhir/
Third parties asing/ In foreign Terms and conditions
In US$ Effective Date Final Exchange Date
currency
Perjanjian swap silang atas mata uang (lanjutan)/
Cross-currency swap (continued)
PT Bank Negara 6.750.000 Rp97.031.250.000 4 Maret 2022/ 26 Mei 2023/ MPI membayar tingkat bunga tetap per tahun atas
Indonesia March 4, 2022 May 26, 2023 nilai nominal Rupiah dan menerima pada tingkat
(Persero) Tbk suku bunga mengambang dengan basis LIBOR
Telah diselesaikan pada tiga bulan ditambah margin atas nilai nominal
bulan Mei 2023/ Dolar AS setiap bulan/
Settled in May 2023 MPI shall pay a fixed interest rate on the Rupiah
notional amount and receive a floating three
months LIBOR-based interest rate plus margin on
the US Dollar notional amount every month.
PT Bank DBS 33.068.996 Rp470.902.500.000 23 November 23 November 2024/ Perusahaan menerima tingkat bunga tetap per
Indonesia 2021*/ November 23, 2024 tahun atas nilai nominal Rupiah dan membayar
November 23, pada tingkat bunga tetap atas nilai nominal Dolar
2021* AS setiap tanggal 23 November, 23 Februari, 23
Mei dan 23 Agustus. Pertukaran awal terjadi pada
tanggal efektif dimana Perusahaan membayar
nilai nominal Rupiah dan menerima nilai nominal
Dolar AS. Pada pertukaran akhir, Perusahaan
membayar nilai nominal Dolar AS dan menerima
nilai nominal Rupiah/
The Company shall receive a fixed interest rate on
the Rupiah notional amount and pay a fixed
PT Bank CIMB 33.092.235 Rp470.902.500.000 23 November 23 November 2024/ interest rate on the US Dollar notional amount
Niaga Tbk 2021*/ November 23, 2024 every November 23, February 23, May 23 and
November 23, August 23. Initial exchange occurred on the
2021* effective date in which the Company paid the
PT Bank UOB 4.089.599 Rp58.195.000.000 23 November 23 November 2026/ Rupiah notional amount and received the US
Indonesia 2021*/ November 23, 2026 Dollar notional amount. On the final exchange
November 23, date, the Company pays the US Dollar notional
2021* amount and receives the Rupiah notional amount.
PT Bank Mandiri 28.070.175 Rp400.000.000.000 9 September 9 September 2024/ Perusahaan menerima tingkat bunga tetap per
(Persero) Tbk 2021*/ September 9, 2024 tahun atas nilai nominal Rupiah dan membayar
September 9, pada tingkat bunga tetap atas nilai nominal Dolar
2021* AS setiap tanggal 9 September, 9 Desember, 9
Maret dan 9 Juni. Pertukaran awal terjadi pada
tanggal efektif dimana Perusahaan membayar
nilai nominal Rupiah dan menerima nilai nominal
PT Bank Mandiri 10.526.316 Rp150.000.000.000 9 September 9 September 2026/ Dolar AS. Pada pertukaran akhir, Perusahaan
(Persero) Tbk 2021*/ September 9, 2026 membayar nilai nominal Dolar AS dan menerima
September 9, nilai nominal Rupiah/
2021* The Company shall receive a fixed interest rate on
the Rupiah notional amount and pay a fixed
interest rate on the US Dollar notional amount
every September 9, December 9, March 9 and
PT Bank Maybank 31.545.741 Rp450.000.000.000 9 September 9 September 2026/ June 9. Initial exchange occurred on the effective
Indonesia Tbk 2021*/ September 9, 2026 date in which the Company paid the Rupiah
September 9, notional amount and received the US Dollar
2021* notional amount. On the final exchange date, the
Company pays the US Dollar notional amount and
receives the Rupiah notional amount.
Catatan: Note:
* tanggal pertukaran awal * initial exchange date
2023 Annual Report PT Medco Energi Internasional Tbk 301
143
Page 304
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
27. DERIVATIF (lanjutan) 27. DERIVATIVES (continued)
Informasi lebih lanjut mengenai berbagai kontrak Further information relating to the derivatives
derivatif Grup adalah sebagai berikut: (lanjutan) undertaken by the Group is as follows: (continued)
Nilai Notional/Notional Amount
Tanggal Tanggal
Pihak ketiga/ Dalam mata uang Syarat dan ketentuan/
Dalam AS$/ Efektif/ Pertukaran Akhir/
Third parties asing/ In foreign Terms and conditions
In US$ Effective Date Final Exchange Date
currency
Perjanjian swap silang atas mata uang (lanjutan)/
Cross-currency swap (continued)
PT Bank Mandiri 34.138.655 Rp487.500.000.000 2 Juni 2021*/ 23 Juni 2024/ Perusahaan menerima tingkat bunga tetap per
(Persero) Tbk June 2, 2021* June 23, 2024 tahun atas nilai nominal Rupiah dan membayar
pada tingkat bunga tetap atas nilai nominal Dolar
AS setiap tanggal 23 Juni, 23 September, 23
Desember dan 23 Maret. Pertukaran awal terjadi
pada tanggal efektif dimana Perusahaan
membayar nilai nominal Rupiah dan menerima
nilai nominal Dolar AS. Perusahaan membayar
PT Bank Permata 7.867.133 Rp112.500.000.000 2 Juni 2021*/ 23 Juni 2024/ nilai nominal Dolar AS dan menerima nilai nominal
Tbk June 2, 2021* June 23, 2024 Rupiah pada setiap tiga bulan sampai dengan
pertukaran akhir sesuai dengan jadwal
pembayaran/
The Company shall receive a fixed interest rate on
the Rupiah notional amount and pay a fixed
interest rate on the US Dollar notional amount
every June 23, September 23, December 23 and
March 23. Initial exchange occurred on the
PT Bank UOB 5.244.755 Rp75.000.000.000 2 Juni 2021*/ 21 Juni 2024/ effective date in which the Company paid the
Indonesia June 2, 2021* June 21, 2024 Rupiah notional amount and received the US
Dollar notional amount. The Company pays the
US Dollar notional amount and receives the
Rupiah notional amount for every three months up
to the final exchange date based on the
repayment schedule.
PT Bank UOB 14.593.214 Rp200.000.000.000 20 Februari 20 Februari 2025/ Perusahaan menerima tingkat bunga tetap per
Indonesia 2020*/ February 20, 2025 tahun atas nilai nominal Rupiah dan membayar
February 20, pada tingkat bunga tetap atas nilai nominal Dolar
2020* AS setiap tanggal 20 Februari, 20 Mei, 20 Agustus
dan 20 November. Pertukaran awal terjadi pada
tanggal efektif dimana Perusahaan membayar
PT Bank CIMB 20.160.525 Rp276.300.000.000 20 Februari 20 Februari 2025/ nilai nominal Rupiah dan menerima nilai nominal
Niaga Tbk 2020*/ February 20, 2025 Dolar AS. Pada pertukaran akhir, Perusahaan
February 20, membayar nilai nominal Dolar AS dan menerima
2020* nilai nominal Rupiah/
The Company shall receive a fixed interest rate on
the Rupiah notional amount and pay a fixed
interest rate on the US Dollar notional amount
PT Bank Mandiri 29.186.428 Rp400.000.000.000 20 Februari 20 Februari 2023/
every February 20, May 20, August 20 and
(Persero) Tbk 2020*/ February 20, 2023
November 20. Initial exchange occurred on the
February 20,
effective date in which the Company paid the
2020* Telah diselesaikan pada
Rupiah notional amount and received the US
bulan Februari 2023/
Dollar notional amount. On the final exchange
Settled in February 2023
date, the Company pays the US Dollar notional
PT Bank Maybank 7.296.607 Rp100.000.000.000 20 Februari 20 Februari 2023/ amount and receives the Rupiah notional amount.
Indonesia Tbk 2020*/ February 20, 2023
February 20,
2020* Telah diselesaikan pada
bulan Februari 2023/
Settled in February 2023
PT Bank DBS 14.593.214 Rp200.000.000.000 20 Februari 20 Februari 2023/
Indonesia 2020*/ February 20, 2023
February 20,
2020* Telah diselesaikan pada
bulan Februari 2023/
Settled in February 2023
Catatan: Note:
* tanggal pertukaran awal * initial exchange date
302 PT Medco Energi Internasional Tbk 2023 Annual Report
144
Page 305
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
27. DERIVATIF (lanjutan) 27. DERIVATIVES (continued)
Informasi lebih lanjut mengenai berbagai kontrak Further information relating to the derivatives
derivatif Grup adalah sebagai berikut: (lanjutan) undertaken by the Group is as follows: (continued)
Nilai Notional/Notional Amount
Tanggal Tanggal
Pihak ketiga/ Dalam mata uang Syarat dan ketentuan/
Dalam AS$/ Efektif/ Pertukaran Akhir/
Third parties asing/ In foreign Terms and conditions
In US$ Effective Date Final Exchange Date
currency
Perjanjian swap silang atas mata uang (lanjutan)/
Cross-currency swap (continued)
PT Bank UOB 14.863.189 Rp203.700.000.000 20 Februari 20 Februari 2023/ Perusahaan menerima tingkat bunga tetap per
Indonesia 2020*/ February 20, 2023 tahun atas nilai nominal Rupiah dan membayar
February 20, pada tingkat bunga tetap atas nilai nominal Dolar
2020* Telah diselesaikan pada AS setiap tanggal 20 Februari, 20 Mei, 20 Agustus
bulan Februari 2023/ dan 20 November. Pertukaran awal terjadi pada
Settled in February tanggal efektif dimana Perusahaan membayar
2023 nilai nominal Rupiah dan menerima nilai nominal
Dolar AS. Pada pertukaran akhir, Perusahaan
membayar nilai nominal Dolar AS dan menerima
nilai nominal Rupiah/
The Company shall receive a fixed interest rate on
PT Bank CIMB 8.755.928 Rp120.000.000.000 20 Februari 20 Februari 2023/
the Rupiah notional amount and pay a fixed
Niaga Tbk 2020*/ February 20, 2023
interest rate on the US Dollar notional amount
February 20,
every February 20, May 20, August 20 and
2020* Telah diselesaikan pada
November 20. Initial exchange occurred on the
bulan Februari 2023/
effective date in which the Company paid the
Settled in February
Rupiah notional amount and received the US
2023
Dollar notional amount. On the final exchange
date, the Company pays the US Dollar notional
amount and receives the Rupiah notional amount.
PT Bank Permata 3.179.810 Rp47.500.000.000 28 September 28 September 2023/ Perusahaan menerima tingkat bunga tetap per
Tbk 2018*/ September 28, 2023 tahun atas nilai nominal Rupiah dan membayar
September 28, pada tingkat bunga tetap atas nilai nominal Dolar
2018* Telah diselesaikan pada AS setiap tanggal 28 September, 28 Desember,
bulan September 2023/ 28 Maret dan 28 Juni. Pertukaran awal terjadi
Settled in September pada tanggal efektif dimana perusahaan
2023 membayar nilai nominal Rupiah dan menerima
nilai nominal Dolar AS. Pada pertukaran akhir,
Perusahaan membayar nilai nominal Dolar AS dan
menerima nilai nominal Rupiah/
The Company shall receive a fixed interest rate on
the Rupiah notional amount and pay a fixed
interest rate on the US Dollar notional amount
every September 28, December 28, March 28 and
June 28. Initial exchange occurred on the effective
date in which the Company paid the Rupiah
notional amount and received the US Dollar
notional amount. On the final exchange date, the
Company pays the US Dollar notional amount and
receives the Rupiah notional amount.
PT Bank CIMB 15.812.432 Rp217.500.000.000 29 Maret 29 Maret 2023/ Perusahaan menerima tingkat bunga tetap per
Niaga Tbk 2018*/ March 29, 2023 tahun atas nilai nominal Rupiah dan membayar
March 29, pada tingkat bunga tetap atas nilai nominal Dolar
2018* Telah diselesaikan pada AS setiap tanggal 29 Maret, 29 Juni, 29
bulan Maret 2023/ September dan 29 Desember. Pertukaran awal
Settled in March 2023 terjadi pada tanggal efektif dimana perusahaan
membayar nilai nominal Rupiah dan menerima
nilai nominal Dolar AS. Pada pertukaran akhir,
Perusahaan membayar nilai nominal Dolar AS dan
menerima nilai nominal Rupiah/
The Company shall receive a fixed interest rate on
the Rupiah notional amount and pay a fixed
interest rate on the US Dollar notional amount
every March 29, June 29, September 29 and
December 29. Initial exchange occurred on the
effective date in which the Company paid the
Rupiah notional amount and received the US
Dollar notional amount. On the final exchange
date, the Company pays the US Dollar notional
amount and receives the Rupiah notional amount.
Catatan: Note:
* tanggal pertukaran awal * initial exchange date
2023 Annual Report PT Medco Energi Internasional Tbk 303
145
Page 306
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
27. DERIVATIF (lanjutan) 27. DERIVATIVES (continued)
Informasi lebih lanjut mengenai berbagai kontrak Further information relating to the derivatives
derivatif Grup adalah sebagai berikut: (lanjutan) undertaken by the Group is as follows: (continued)
Nilai Notional/Notional Amount
Tanggal Tanggal
Pihak ketiga/ Dalam mata uang Syarat dan ketentuan/
Dalam AS$/ Efektif/ Pertukaran Akhir/
Third parties asing/ In foreign Terms and conditions
In US$ Effective Date Final Exchange Date
currency
Perjanjian swap silang atas mata uang (lanjutan)/
Cross-currency swap (continued)
PT Bank Maybank 11.356.821 Rp151.500.000.000 28 September 28 September 2022/ Perusahaan menerima tingkat bunga tetap per
Indonesia Tbk 2017*/ September 28, 2022 tahun atas nilai nominal Rupiah dan membayar
September 28, pada tingkat bunga tetap atas nilai nominal Dolar
2017* Telah diselesaikan lebih AS setiap tanggal 28 September, 28 Desember,
cepat pada bulan Maret 28 Maret dan 28 Juni. Pertukaran awal terjadi
2022/ pada tanggal efektif dimana Perusahaan
Terminated in March membayar nilai nominal Rupiah dan menerima
2022 nilai nominal Dolar AS. Pada pertukaran akhir,
Perusahaan membayar nilai nominal Dolar AS dan
menerima nilai nominal Rupiah/
The Company shall receive a fixed interest rate on
the Rupiah notional amount and pay a fixed
interest rate on the US Dollar notional amount
every September 28, December 28, March 28 and
June 28. Initial exchange occurred on the effective
date in which the Company paid the Rupiah
notional amount and received the US Dollar
notional amount. On the final exchange date, the
Company pays the US Dollar notional amount and
receives the Rupiah notional amount.
PT Bank DBS 56.696.764 Rp753.500.000.000 14 Juni 2017*/ 14 Juni 2022/ Perusahaan menerima tingkat bunga tetap per
Indonesia June 14, 2017* June 14, 2022 tahun atas nilai nominal Rupiah dan membayar
pada tingkat bunga tetap atas nilai nominal Dolar
Telah diselesaikan lebih AS setiap tanggal 14 Maret, 14 Juni, 14
cepat pada bulan Maret September dan 14 Desember. Pertukaran awal
2022/ terjadi pada tanggal efektif dimana Perusahaan
Terminated in March membayar nilai nominal Rupiah dan menerima
2022 nilai nominal Dolar AS. Pada pertukaran akhir,
Perusahaan membayar nilai nominal Dolar AS dan
menerima nilai nominal Rupiah/
The Company shall receive a fixed interest rate on
the Rupiah notional amount and pay a fixed
interest rate on the US Dollar notional amount
every March 14, June 14, September 14 and
December 14. Initial exchange occurred on the
effective date in which the Company paid the
Rupiah notional amount and received the US
Dollar notional amount. On the final exchange
date, the Company pays the US Dollar notional
amount and receives the Rupiah notional amount.
Perjanjian swap atas suku bunga/
Interest rate swap
Australia and New 46.700.000 N/A 27 Maret 2023/ 31 Desember 2028/ MEPM menerima tingkat suku bunga
Zealand Banking March 27, 2023 December 31, 2028 mengambang dengan basis compounding SOFR
Group Limited per tahun dan membayar pada tingkat suku bunga
tetap per tahun setiap tanggal 31 Maret, 30 Juni,
30 September dan 31 Desember/
Societe Generale 46.700.000 N/A 27 Maret 2023/ 31 Desember 2028/ MEPM shall receive a floating compunding SOFR-
March 27, 2023 December 31, 2028 based interest rate per annum and pay a fixed
interest rate per annum every March 31, June 30,
September 30 and December 31.
ING Bank N.V. 46.700.000 N/A 27 Maret 2023/ 31 Desember 2028/
March 27, 2023 December 31, 2028
Catatan: Note:
* tanggal pertukaran awal * initial exchange date
304 PT Medco Energi Internasional Tbk 2023 Annual Report
146
Page 307
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
27. DERIVATIF (lanjutan) 27. DERIVATIVES (continued)
Informasi lebih lanjut mengenai berbagai kontrak Further information relating to the derivatives
derivatif Grup adalah sebagai berikut: (lanjutan) undertaken by the Group is as follows: (continued)
Nilai Notional/Notional Amount
Tanggal Tanggal
Pihak ketiga/ Dalam mata uang Syarat dan ketentuan/
Dalam AS$/ Efektif/ Pertukaran Akhir/
Third parties asing/ In foreign Terms and conditions
In US$ Effective Date Final Exchange Date
currency
Perjanjian swap atas suku bunga/ (lanjutan)
Interest rate swap (continued)
MUFG Bank, Ltd. 64.500.000 N/A 27 November 18 Maret 2039/ MRPR menerima suku bunga mengambang USD-
2019/ March 18, 2039 SOFR + Spread (0,42826%) dan membayar suku
November 27, bunga tetap 2,06% per tahun setiap tanggal 23
2019 Februari dan 23 Agustus/
MRPR shall receive a floating USD-SOFR +
Sumitomo Mitsui 64.500.000 N/A 27 November 18 Maret 2039/
Spread (0.42826%) based interest rate and pay a
Banking 2019/ March 18, 2039
fixed interest rate of 2.06% per annum on every
Corporation November 27,
February 23 and August 23.
2019
International 37.500.000 N/A 27 November 18 Maret 2039/
Finance 2019/ March 18, 2039
Corporation November 27,
2019
Tanggal Tanggal Pertukaran
Pihak ketiga/ Nilai Notional/ Syarat dan ketentuan/
Efektif/ Akhir/
Third parties Notional Amount Terms and conditions
Effective Date Final Exchange Date
Perjanjian Opsi Komoditas pada Brent/
Commodity Options Agreement on Brent
ING Bank N.V. 240.000 barel/ 1 October 2021/ 30 September 2022/ Jika harga mengambang pada saat tanggal
240,000 barrels October 1, 2021 September 30, 2022 pembayaran lebih rendah dari harga kesepakatan,
maka pada tanggal pembayaran, pihak ketiga
akan membayar selisihnya setelah dipotong
Telah diselesaikan pada dengan biaya premi/
bulan September 2022/ If the floating price in respect of a payment date is
Settled in September lower than the strike price, then on the relevant
2022 payment date, the counterparty will pay the
Morgan Stanley & Co. 240.000 barel/ 1 Februari 2021/ 31 Januari 2022/ difference, offset by the premium cost.
International plc 240,000 barrels February 1, 2021 January 31, 2022 Jika harga mengambang pada saat tanggal
Telah diselesaikan pada pembayaran sama atau lebih besar dari harga
bulan Januari 2022/ kesepakatan, maka pada tanggal pembayaran,
Settled in January 2022 Perusahaan hanya membayar biaya premi/
If the floating price in respect of a payment date is
Morgan Stanley & Co. 240.000 barel/ 1 Februari 2021/ 31 Januari 2022/ equal to or greater than the strike price, then on
International plc 240,000 barrels February 1, 2021 January 31, 2022 the relevant payment date, the Company will only
pay the premium cost.
Telah diselesaikan pada
bulan Januari 2022/
Settled in January 2022
ING Bank N.V. 460.000 barel/ 1 Februari 2021/ 31 Januari 2022/
460,000 barrels February 1, 2021 January 31, 2022
Telah diselesaikan pada
bulan Januari 2022/
Settled in January 2022
2023 Annual Report PT Medco Energi Internasional Tbk 305
147
Page 308
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
27. DERIVATIF (lanjutan) 27. DERIVATIVES (continued)
Informasi lebih lanjut mengenai berbagai kontrak Further information relating to the derivatives
derivatif Grup adalah sebagai berikut: (lanjutan) undertaken by the Group is as follows: (continued)
Tanggal Tanggal Pertukaran
Pihak ketiga/ Nilai Notional/ Syarat dan ketentuan/
Efektif/ Akhir/
Third parties Notional Amount Terms and conditions
Effective Date Final Exchange Date
Perjanjian Collar Komoditas pada Brent/ (lanjutan)
Commodity Collar Agreement on Brent (continued)
Morgan Stanley & 120.000 barel/ 1 Juli 2023/ 30 Juni 2024/ Jika harga mengambang pada saat tanggal
Co. International 120,000 barrels July 1, 2023 June 30, 2024 pembayaran lebih besar dari harga kesepakatan
plc tertinggi, maka pada tanggal pembayaran,
Perusahaan akan membayar selisihnya/
If the floating price in respect of a payment date is
greater than the upper strike price, then on the
relevant payment date, the Company will pay the
Morgan Stanley & 120.000 barel/ 1 Juli 2023/ 30 Juni 2024/ difference.
Co. International 120,000 barrels July 1, 2023 June 30, 2024
plc Jika harga mengambang pada saat tanggal
pembayaran lebih rendah dari harga kesepakatan
tertinggi dan sama atau lebih tinggi dari harga
kesepakatan terendah, maka tidak ada settlement/
If the floating price in respect of a payment date is
Natixis 120.000 barel/ 1 Agustus 2023/ 31 Juli 2024/ lower than the upper strike price and equal to or
120,000 barrels August 1, 2023 July 31, 2024 greater than the lower strike price, then no
settlement.
Standard Chartered 120.000 barel/ 1 Agustus 2023/ 31 Juli 2024/ Jika harga mengambang pada saat tanggal
Bank 120,000 barrels August 1, 2023 July 31, 2024 pembayaran lebih rendah dari harga kesepakatan
terendah, maka pada tanggal pembayaran, pihak
ketiga akan membayar selisihnya/
If the floating price in respect of a payment date is
lower than the lower strike price, then on the
relevant payment date, the counterparty will pay
the difference.
ING Bank N.V. 120.000 barel/ 1 September 2023/ 31 Agustus 2024/
120,000 barrels September 1, 2023 August 31, 2024
Morgan Stanley & 120.000 barel/ 1 Januari 2024/ 31 Desember 2024/
Co. International 120,000 barrels January 1, 2024 December 31, 2024
plc
Morgan Stanley & 120.000 barel/ 1 Januari 2024/ 31 Desember 2024/
Co. International 120,000 barrels January 1, 2024 December 31, 2024
plc
Natixis 120.000 barel/ 1 Januari 2024/ 31 Desember 2024/
120,000 barrels January 1, 2024 December 31, 2024
Standard Chartered 120.000 barel/ 1 Januari 2024/ 31 Desember 2024/
Bank 120,000 barrels January 1, 2024 December 31, 2024
ING Bank N.V. 120.000 barel/ 1 Januari 2024/ 31 Desember 2024/
120,000 barrels January 1, 2024 December 31, 2024
306 PT Medco Energi Internasional Tbk 2023 Annual Report
148
Page 309
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
27. DERIVATIF (lanjutan) 27. DERIVATIVES (continued)
Informasi lebih lanjut mengenai berbagai kontrak Further information relating to the derivatives
derivatif Grup adalah sebagai berikut: (lanjutan) undertaken by the Group is as follows: (continued)
Tanggal Tanggal Pertukaran
Pihak ketiga/ Nilai Notional/ Syarat dan ketentuan/
Efektif/ Akhir/
Third parties Notional Amount Terms and conditions
Effective Date Final Exchange Date
Perjanjian Collar Komoditas pada Brent/ (lanjutan)
Commodity Collar Agreement on Brent (continued)
Natixis 1.360.000 barel/ 1 Februari 2022/ 30 Juni 2023/ Jika harga mengambang pada saat tanggal
1,360,000 barrels February 1, 2022 June 30, 2023 pembayaran lebih besar dari harga kesepakatan
tertinggi, maka pada tanggal pembayaran,
Telah diselesaikan pada Perusahaan akan membayar selisihnya/
bulan Juni 2023/ If the floating price in respect of a payment date is
Settled in June 2023 greater than the upper strike price, then on the
ING Bank N.V. 1.380.000 barel/ 1 Februari 2022/ 30 Juni 2023/ relevant payment date, the Company will pay the
1,380,000 barrels February 1, 2022 June 30, 2023 difference.
Jika harga mengambang pada saat tanggal
Telah diselesaikan pada
pembayaran lebih rendah dari harga kesepakatan
bulan Juni 2023/
tertinggi dan sama atau lebih tinggi dari harga
Settled in June 2023
kesepakatan terendah, maka tidak ada settlement/
Morgan Stanley & 3.360.000 barel/ 1 Februari 2022/ 31 Desember 2023/ If the floating price in respect of a payment date is
Co. International 3,360,000 barrels February 1, 2022 December 31, 2023 lower than the upper strike price and equal to or
plc greater than the lower strike price, then no
Telah diselesaikan pada settlement.
bulan
Jika harga mengambang pada saat tanggal
Desember 2023/
pembayaran lebih rendah dari harga kesepakatan
Settled in December
terendah, maka pada tanggal pembayaran, pihak
2023
ketiga akan membayar selisihnya/
If the floating price in respect of a payment date is
Morgan Stanley & 1.440.000 barel/ 1 Januari 2022/ 31 Desember 2022/ lower than the lower strike price, then on the
Co. International 1,440,000 barrels January 1, 2022 December 31, 2022 relevant payment date, the counterparty will pay
plc the difference.
Telah diselesaikan pada
bulan
Desember 2022/
Settled in December
2022
ING Bank N.V. 480.000 barel/ 1 Januari 2022/ 31 Desember 2022/
480,000 barrels January 1, 2022 December 31, 2022
Telah diselesaikan pada
bulan
Desember 2022/
Settled in December
2022
Morgan Stanley & 960.000 barel/ 1 Januari 2022/ 31 Desember 2022/
Co. International 960,000 barrels January 1, 2022 December 31, 2022
plc
Di-restrike pada
Februari 2022/
Restriked in February
2022
Natixis 720.000 barel/ 1 Januari 2022/ 31 Desember 2022/
720,000 barrels January 1, 2022 December 31, 2022
Di-restrike pada
Februari 2022/
Restriked in February
2022
Natixis 720.000 barel/ 1 Juli 2021/ 30 Juni 2022/
720,000 barrels July 1, 2021 June 30, 2022
Di-restrike pada
Februari 2022/
Restriked in February
2022
ING Bank N.V. 240.000 barel/ 1 Juli 2021/ 30 Juni 2022/
240,000 barrels July 1, 2021 June 30, 2022
Di-restrike pada
Februari 2022/
Restriked in February
2022
2023 Annual Report PT Medco Energi Internasional Tbk 307
149
Page 310
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
27. DERIVATIF (lanjutan) 27. DERIVATIVES (continued)
Informasi lebih lanjut mengenai berbagai kontrak Further information relating to the derivatives
derivatif Grup adalah sebagai berikut: (lanjutan) undertaken by the Group is as follows: (continued)
Tanggal
Pihak ketiga/ Nilai Notional/ Tanggal Pertukaran Akhir/ Syarat dan ketentuan/
Efektif/
Third parties Notional Amount Final Exchange Date Terms and conditions
Effective Date
Perjanjian Collar Komoditas pada Brent/ (lanjutan)
Commodity Collar Agreement on Brent (continued)
Morgan Stanley & 240.000 barel/ 1 Juni 2021/ 31 May 2022/ Jika harga mengambang pada saat
Co. International 240,000 barrels June 1, 2021 May 31, 2022 tanggal pembayaran lebih besar dari
plc harga kesepakatan tertinggi, maka pada
Di-restrike pada Februari tanggal pembayaran, Perusahaan akan
2022/ membayar selisihnya/
Restriked in February 2022 If the floating price in respect of a
payment date is greater than the upper
strike price, then on the relevant payment
date, the Company will pay the
difference.
Jika harga mengambang pada saat
tanggal pembayaran lebih rendah dari
harga kesepakatan tertinggi dan sama
atau lebih tinggi dari harga kesepakatan
terendah, maka tidak ada settlement/
If the floating price in respect of a
ING Bank N.V. 240.000 barel/ 1 May 2021/ 30 April 2022/
payment date is lower than the upper
240,000 barrels May 1, 2021 April 30, 2022
strike price and equal to or greater than
Di-restrike pada Februari the lower strike price, then no settlement.
2022/
Jika harga mengambang pada saat
Restriked in February 2022
tanggal pembayaran lebih rendah dari
harga kesepakatan terendah, maka pada
tanggal pembayaran, pihak ketiga akan
membayar selisihnya/
If the floating price in respect of a
payment date is lower than the lower
strike price, then on the relevant payment
date, the counterparty will pay the
difference.
308 PT Medco Energi Internasional Tbk 2023 Annual Report
150
Page 311
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
28. PINJAMAN BANK 28. BANK LOANS
a. Pinjaman bank a. Bank loans
2023
Pembayaran
Jatuh tempo selama tahun
dalam satu berjalan/
Debitur/ Jumlah/ Jangka Pendek/ tahun/Maturing Jangka Panjang/ Payments during
Kreditur/Lenders Borrower Total Short-term within one year Non-current the year
Dolar AS/US Dollar
Pinjaman Sindikasi/ Syndicated
loan 1) Perusahaan/The Company – – – – 150.000.000
Pinjaman Sindikasi/ Syndicated PT Medco E & P Tomori
loan 2) Sulawesi 3.000.000 – – 3.000.000 15.843.402
PT Medco E & P Malaka 141.000.000 – – 141.000.000 45.383.832
Konsorsium Pemberi Pinjaman
Riau/ Riau Lenders Consortium 3) PT Medco Ratch Power Riau 206.183.041 – 9.596.579 196.586.462 7.633.141
Pinjaman Sindikasi/ Syndicated
loan 4) Medco Energi Global Pte. Ltd. – – – – 169.875.000
Pinjaman Sindikasi/ Syndicated
loan Medco E&P Grissik Ltd. – – – – 44.000.000
PT Bank Mandiri (Persero) Tbk Perusahaan/The Company – – – – 30.000.000
- Fasilitas Kredit Jangka Pendek/
Short Term Loan Facility
PT Bank HSBC Perusahaan/The Company 35.000.000 35.000.000 – – 60.000.000
- Fasilitas Kredit Term Loan/Credit
Term Loan Facility
PT Bank DBS Indonesia Perusahaan/The Company 50.000.000 50.000.000 – – 115.000.000
- Fasilitas Kredit Jangka Pendek/
Short Term Loan Facility
PT Bank Permata Tbk Perusahaan/The Company – – – – 30.000.000
- Fasilitas Kredit Jangka Pendek/
Short Term Loan Facility
PT Bank QNB Indonesia Perusahaan/The Company – – – – 15.000.000
- Fasilitas Kredit Pendanaan Umum/
General Financing Credit Facility
PT Bank Woori Saudara Indonesia
1906 Tbk 5) PT Medco Power Indonesia 11.000.000 – 11.000.000 – 2.000.000
- Fasilitas Kredit Pendanaan Umum/
General Financing Credit Facility
PT Bank Syariah Indonesia Tbk PT Medco Power Indonesia 7.200.000 – 7.200.000 – 2.600.000
- Fasilitas Musyarakah
Mutanaqishah/Musyarakah PT Energi Listrik Batam 18.826.118 – 5.666.400 13.159.718 23.658.633
Mutanaqishah Facility
- Fasilitas Musyarakah/Musyarakah
Facility
- Fasilitas Kafalah bil Ujrah/Kafalah
bil Ujrah Facility
Sub-jumlah/Sub-total 472.209.159 85.000.000 33.462.979 353.746.180 710.994.008
Rupiah/Rupiah
PT Bank Mandiri (Persero) Tbk Perusahaan/The Company 413.531.396 – 82.706.279 330.825.117 17.166.493
- Fasilitas Kredit Term Loan/Credit
Term Loan Facility
PT Maybank Indonesia Finance PT Medco Power Indonesia – – – – 5.693
- Fasilitas Kredit Pembiayaan
Konsumtif/Consumer Credit Facility
PT Bank Negara Indonesia
(Persero) Tbk PT Medco Power Indonesia 52.256.339 26.374.139 25.882.200 – –
- Fasilitas Kredit Term Loan/Credit
Term Loan Facility
PT Bank Syariah Indonesia Tbk PT Medco Power Indonesia 29.222.885 – 13.978.983 15.243.902 5.375.287
- Fasilitas Musyarakah/Musyarakah
Facility
2023 Annual Report PT Medco Energi Internasional Tbk 309
151
Page 312
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
28. PINJAMAN BANK (lanjutan) 28. BANK LOANS (continued)
a. Pinjaman bank (lanjutan) a. Bank loans (continued)
2023
Pembayaran
Jatuh tempo selama tahun
dalam satu berjalan/
Debitur/ Jumlah/ Jangka Pendek/ tahun/Maturing Jangka Panjang/ Payments during
Kreditur/Lenders Borrower Total Short-term within one year Non-current the year
Rupiah/Rupiah (lanjutan/continued)
PT Bank Tabungan Negara
(Persero) Tbk PT Medco Power Indonesia 29.847.431 20.117.281 389.206 9.340.944 –
- Fasilitas Kredit Term Loan/Credit
Term Loan Facility
PT Bank Mandiri (Persero) Tbk PT Medco Power Indonesia 28.429.251 16.104.393 648.677 11.676.181 23.574.565
- Fasilitas Kredit Term Loan/Credit
Term Loan Facility
PT Bank Syariah Indonesia Tbk PT Medco Power Indonesia – – – – 2.038.676
- Fasilitas Kredit Term Loan/Credit
Term Loan Facility
Sub-jumlah/Sub-total 553.287.302 62.595.813 123.605.345 367.086.144 48.160.714
Jumlah/Total 1.025.496.461 147.595.813 157.068.324 720.832.324 759.154.722
Dikurangi diskonto yang belum
diamortisasi/ Less unamortized
discount 29.930.222 – 454.717 29.475.505
Neto/Net 995.566.239 147.595.813 156.613.607 691.356.819
2022
Pembayaran
Jatuh tempo selama tahun
dalam satu berjalan/
Jangka Pendek/ tahun/Maturing Jangka Panjang/ Payments during
Kreditur/Lenders Debitur/Borrower Jumlah/Total Short-term witin one year Non-current the year
Dolar AS/US Dollar
PT Bank Mandiri (Persero) Tbk Perusahaan/The Company – – – – 100.000.000
- Fasilitas Kredit Jangka Pendek/
Short Term Loan Facility
PT Bank DBS Indonesia Perusahaan/The Company – – – – 26.500.000
- Fasilitas Kredit Jangka Pendek/
Short Term Loan Facility
Pinjaman Sindikasi/ Syndicated
loan 1) Perusahaan/The Company 150.000.000 – 67.500.000 82.500.000 –
Pinjaman Sindikasi/ Syndicated PT Medco E & P Tomori
loan 2) Sulawesi 14.227.234 – – 14.227.234 –
PT Medco E & P Malaka 139.874.978 – – 139.874.978 –
Konsorsium Pemberi Pinjaman PT Medco Ratch Power
Riau/ Riau Lenders Consortium 3) Riau 213.816.182 – 7.633.141 206.183.041 6.794.819
Pinjaman Sindikasi/ Syndicated Medco Energi Global Pte.
loan 4) Ltd. 169.875.000 – 169.875.000 – 280.125.000
PT Bank Woori Saudara Indonesia
1906 Tbk 6) PT Medco Power Indonesia 13.000.000 – 13.000.000 – 6.917.759
- Fasilitas Kredit Pendanaan Umum/
General Financing Credit Facility
PT Bank Negara Indonesia
(Persero) Tbk PT Medco Power Indonesia – – – – 4.000.000
- Fasilitas Kredit Term Loan/ Credit
Term Loan Facility
PT Bank Syariah Indonesia Tbk PT Medco Power Indonesia 9.800.000 – 2.600.000 7.200.000 2.580.243
- Fasilitas Musyarakah
Mutanaqishah/Musyarakah
- Fasilitas Musyarakah/ Musyarakah
Facility
- Fasilitas Kafalah bil Ujrah/ Kafalah
bil Ujrah Facility
310 PT Medco Energi Internasional Tbk 2023 Annual Report
152
Page 313
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
28. PINJAMAN BANK (lanjutan) 28. BANK LOANS (continued)
a. Pinjaman bank (lanjutan) a. Bank loans (continued)
2022
Pembayaran
Jatuh tempo selama tahun
dalam satu berjalan/
Jangka Pendek/ tahun/Maturing Jangka Panjang/ Payments during
Kreditur/Lenders Debitur/Borrower Jumlah/Total Short-term witin one year Non-current the year
Dolar AS/US Dollar (lanjutan/
continued)
PT Bank Syariah Indonesia Tbk PT Energi Listrik Batam 22.289.955 – 5.363.837 16.926.118 6.256.063
- Fasilitas Musyarakah
Mutanaqishah/Musyarakah
Mutanaqishah Facility
- Fasilitas Musyarakah/ Musyarakah
Facility
- Fasilitas Kafalah bil Ujrah/ Kafalah
bil Ujrah Facility
PT HSBC Indonesia Perusahaan/The Company 35.000.000 35.000.000 – – 30.000.000
- Fasilitas Kredit Jangka Pendek/
Short Term Loan Facility
PT Bank Permata Tbk Perusahaan/The Company – – – – 60.000.000
- Fasilitas Kredit Jangka Pendek/
Short Term Loan Facility
Sub-jumlah/Sub-total 767.883.349 35.000.000 265.971.978 466.911.371 523.173.884
Rupiah/Rupiah
PT Bank Mandiri (Persero) Tbk Perusahaan/The Company 88.201.620 – 13.826.204 74.375.416 7.422.836
- Fasilitas Kredit Term Loan/ Credit
Term Loan Facility
PT Maybank Indonesia Finance PT Medco Power Indonesia 5.521 – 5.521 – 22.202
- Fasilitas Kredit Pembiayaan
Konsumtif/Consumer Credit Facility
PT Bank Syariah Indonesia Tbk PT Medco Power Indonesia 27.340.919 – 1.976.988 25.363.931 190.146
- Fasilitas Kredit Term Loan/ Credit
Term Loan Facility
PT Bank Syariah Indonesia Tbk PT Medco Power Indonesia 33.850.359 – 5.212.637 28.637.722 5.432.187
- Fasilitas Musyarakah/ Musyarakah
Facility
Sub-jumlah/Sub-total 149.398.419 – 21.021.350 128.377.069 13.067.371
Jumlah/Total 917.281.768 35.000.000 286.993.328 595.288.440 536.241.255
Dikurangi diskonto yang belum
diamortisasi/ Less unamortized
discount 33.264.635 – – 33.264.635
Neto/Nett 884.017.133 35.000.000 286.993.328 562.023.805
2023 Annual Report PT Medco Energi Internasional Tbk 311
153
Page 314
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
28. PINJAMAN BANK (lanjutan) 28. BANK LOANS (continued)
a. Pinjaman bank (lanjutan) a. Bank loans (continued)
Catatan: Notes:
(1) Pinjaman sindikasi Perusahaan terdiri dari Australia and New Zealand Banking (1) Syndicated loan of The Company from lenders which comprised of Australia and
Group Limited, PT Bank ANZ Indonesia, PT Bank Negara Indonesia (Persero) New Zealand Banking Group Limited, PT Bank ANZ Indonesia, PT Bank Negara
Tbk, DBS Bank Ltd dan BNP Paribas, Cabang Singapura. Indonesia (Persero) Tbk, DBS Bank Ltd and BNP Paribas, Singapore Branch.
(2) Pinjaman sindikasi PT Medco E & P Malaka dan PT Medco E & P Tomori (2) Syndicated loan of PT Medco E & P Malaka and PT Medco E & P Tomori
Sulawesi terdiri dari Australia and New Zealand Banking Group Limited, ING Sulawesi from lenders which comprised of Australia and New Zealand Banking
Bank N.V., Cabang Singapura, PT Bank ANZ Indonesia, Societe Generale, Group Limited, ING Bank N.V., Singapore Branch, PT Bank ANZ Indonesia,
Cabang Singapura, PT Bank DBS Indonesia, PT Bank Mandiri (Persero) Tbk, Societe Generale, Singapore Branch, PT Bank DBS Indonesia, PT Bank Mandiri
Cabang Singapura, BNP Paribas, Credit Agricole Corporate and Investment (Persero) Tbk, Singapore Branch, BNP Paribas, Credit Agricole Corporate and
Bank, MUFG Bank, Ltd. dan PT Bank UOB Indonesia. Investment Bank, MUFG Bank, Ltd. and PT Bank UOB Indonesia.
(3) Konsorsium pemberi pinjaman untuk PT Medco Ratch Power Riau terdiri dari (3) Consortium of lenders for PT Medco Ratch Power Riau comprised of Asian
Asian Development Bank (ADB), dan International Finance Corporation (IFC), Development Bank (ADB) and International Finance Corporation (IFC), and
serta lembaga keuangan swasta yang terdiri dari MUFG Bank Ltd (MUFG) dan private financial institutions consist of MUFG Bank Ltd (MUFG) and Sumitomo
Sumitomo Mitsui Banking Corporation (SMBC). MUFG dan SMBC secara Mitsui Banking Corporation (SMBC). MUFG and SMBC altogether referred to as
bersama-sama disebut sebagai “Peserta”. Selanjutnya, ADB, IFC dan Peserta “Participants”. ADB, IFC, and the Participants altogether referred to as
secara bersama-sama disebut sebagai “Pemberi Pinjaman”. “Lenders”.
(4) Pinjaman sindikasi Medco Energi Global Pte. Ltd. terdiri dari Australia and New (4) Syndicated loan of Medco Energi Global Pte. Ltd. from lenders which comprised
Zealand Banking Group Limited, Cabang Singapura, ING Bank N.V., Cabang of Australia and New Zealand Banking Group Limited, Singapore Branch, ING
Singapura, DBS Bank Ltd., Morgan Stanley Senior Funding Inc., MUFG Bank, Bank N.V., Singapore Branch, DBS Bank Ltd., Morgan Stanley Senior Funding
Ltd., Standard Chartered Bank (Singapore) Limited, BNP Paribas, Credit Inc., MUFG Bank, Ltd., Standard Chartered Bank (Singapore), BNP Paribas,
Agricole Corporate and Investment Banking, Cabang Singapura, PT Bank Credit Agricole Corporate and Investment Banking, Singapore Branch, PT Bank
Mandiri (Persero) Tbk, Cabang Singapura, PT Bank Negara Indonesia (Persero) Mandiri (Persero) Tbk, Singapore Branch, PT Bank Negara Indonesia (Persero)
Tbk, Cabang Singapura, Societe Generale, Cabang Singapura, dan Sumitomo Tbk, Singapore Branch, Societe Generale, Singapore Branch, dan Sumitomo
Mitsui Banking Corporation, Cabang Singapura. Mitsui Banking Corporation, Singapore Branch.
(5) Merupakan pihak berelasi (Catatan 43). (5) Related party (Note 43).
Tabel berikut menyajikan tentang tingkat bunga The following table provides the range of
atas pinjaman bank: interest rate on bank loans:
2023 2022
Tingkat bunga per tahun Interest rate per annum
Rupiah 4,25% - 9,30% 5,78% - 8,50% Rupiah
Dolar Amerika Serikat 1,97% - 9,63% 1,97% - 7,63% United States Dollar
Berdasarkan perjanjian atas pinjaman-pinjaman Based on the agreements for the loans above,
di atas, Grup harus mematuhi batasan-batasan the Group must comply with certain restrictions,
tertentu, antara lain untuk memperoleh including obtaining written approval from the
persetujuan tertulis dari pemberi pinjaman lender before carrying out certain transactions
sebelum melakukan transaksi-transaksi tertentu such as entering into a business merger,
seperti mengadakan penggabungan usaha, takeover, liquidation or change of status and
pengambilalihan, likuidasi atau perubahan status Articles of Association, reducing the authorized
serta Anggaran Dasar, mengurangi modal dasar, capital, placed and fully paid; restrictions on
ditempatkan dan disetor penuh; pembatasan lending to third parties; negative guarantee, with
dalam pemberian pinjaman kepada pihak ketiga; some special exceptions; restrictions on
penjaminan negatif, dengan beberapa changing main activities and declaring and
pengecualian khusus; pembatasan dalam paying dividends exceeding a certain percentage
mengubah aktivitas utama dan mengumumkan of consolidated net profit; and must comply with
dan membayar dividen melebihi persentase certain financial ratios.
tertentu dari laba neto konsolidasian; dan harus
mematuhi rasio-rasio keuangan tertentu.
Pada tanggal 31 Desember 2023 dan 2022, As of December 31, 2023 and 2022,
manajemen berpendapat bahwa Grup mematuhi management is of the opinion that the Group has
semua pembatasan-pembatasan tersebut dan complied with all of these restrictions and the
Grup telah memenuhi semua rasio keuangan Group has complied with all financial ratios
yang dipersyaratkan dalam perjanjian pinjaman required under the loan agreements or has
atau telah memperoleh pelepasan dari obtained a release from the financial ratio
persyaratan rasio keuangan sebelum tanggal 31 requirements prior to December 31 and
Desember dan 31 Desember, kecuali untuk December 31, except for certain subsidiaries
entitas anak tertentu yang memperoleh that obtain releases on the specified financial
pelepasan atas persyaratan rasio keuangan ratio requirements.
yang ditentukan.
312 PT Medco Energi Internasional Tbk 2023 Annual Report
154
Page 315
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
28. PINJAMAN BANK (lanjutan) 28. BANK LOANS (continued)
a. Pinjaman bank (lanjutan) a. Bank loans (continued)
Perusahaan The Company
Mandiri - Fasilitas Kredit Term Loan I Mandiri - Term Loan I Credit Facility
Pada tanggal 15 Juni 2022, Perusahaan On June 15, 2022, the Company made a
melakukan penarikan sebesar withdrawal of Rp600,000,000,000. The
Rp600.000.000.000. Perusahaan juga telah Company has also entered into a “Cross
melakukan transaksi “Pertukaran Mata Uang Currency Swap” transaction to convert its
Silang” (“Cross Currency Swap”) untuk Rupiah obligations into US Dollars whereby the
mengubah kewajiban Rupiah menjadi Dolar AS Company will pay a fixed interest rate in US
dimana Perusahaan akan membayarkan suku Dollars and receive a fixed interest rate in
bunga tetap dalam Dolar AS dan menerima Rupiah.
suku bunga tetap dalam Rupiah.
Selama tahun 2022, Perusahaan telah During 2022, the Company has made
melakukan pembayaran cicilan sebesar installment payments of Rp112,500,000,000 to
Rp112.500.000.000 kepada PT Bank Mandiri PT Bank Mandiri Persero (Tbk).
Persero (Tbk).
Selama tahun 2023, Perusahaan telah During 2023, the Company has paid scheduled
melakukan pembayaran cicilan terjadwal installment to PT Bank Mandiri Persero (Tbk) on
kepada PT Bank Mandiri (Persero) Tbk atas the credit term loan facility I with total amount of
fasilitas kredit term loan I sebesar Rp262,500,000,000.
Rp262.500.000.000.
Mandiri - Fasilitas Kredit Term Loan II Mandiri - Term Loan II Credit Facility
Pada tanggal 14 September 2023, Perusahaan On September 14, 2023, the Company signed a
menandatangani perjanjian fasilitas kredit credit facility agreement with PT Bank Mandiri
dengan PT Bank Mandiri (Persero) Tbk untuk (Persero) Tbk for term loan II facility amounting
fasilitas pinjaman berjangka II sebesar to Rp5,250,000,000,000 with 57-month tenor.
Rp5.250.000.000.000 dengan tenor 57 bulan. On November 2023, the Company has fully
Pada Bulan November 2023, Perusahaan withdrawn this facility. The Company has also
melakukan penarikan atas seluruh fasilitas entered into a “Cross Currency Swap”
tersebut. Perusahaan juga telah melakukan transaction to convert its Rupiah obligations into
transaksi “Pertukaran Mata Uang US Dollars whereby the Company will pay a
Silang” (“Cross Currency Swap”) untuk fixed interest rate in US Dollars and receive a
mengubah kewajiban Rupiah menjadi Dolar AS fixed interest rate in Rupiah.
dimana Perusahaan akan membayarkan suku
bunga tetap dalam Dolar AS dan menerima
suku bunga tetap dalam Rupiah.
Mandiri - Fasilitas Kredit Jangka Pendek Mandiri - Revolving Short-term Credit Facility
Pada tanggal 8 Maret 2018, Perusahaan On March 8, 2018, the Company signed a Short
menandatangani perjanjian Fasilitas Kredit Term Credit Facility (“Facility”) agreement with
Jangka Pendek (“Fasilitas”) dengan PT Bank PT Bank Mandiri (Persero) Tbk in the amount of
Mandiri (Persero) Tbk sebesar AS$50.000.000 US$50,000,000 with a one-year tenor and has
dengan tenor satu tahun dan telah diperpanjang been extended from time to time until March 12,
dari waktu ke waktu hingga 12 Maret 2025. 2025.
Pada tanggal 31 Desember 2023 dan 31 As of December 31, 2023 and December 31,
Desember 2022, tidak terdapat saldo terutang 2022, there is no outstanding balance from this
atas fasilitas ini. facility.
2023 Annual Report PT Medco Energi Internasional Tbk 313
155
Page 316
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
28. PINJAMAN BANK (lanjutan) 28. BANK LOANS (continued)
a. Pinjaman bank (lanjutan) a. Bank loans (continued)
Perusahaan (lanjutan) The Company (continued)
DBS - Fasilitas Perbankan DBS - Banking Facility
Pada tanggal 28 September 2010, Perusahaan On September 28, 2010, the Company entered
menandatangani perjanjian Fasilitas Perbankan into a Banking Facility (“Facility”) agreement
(“Fasilitas”) dengan PT Bank DBS Indonesia with PT Bank DBS Indonesia amounting to
sebesar AS$50.000.000 dengan tenor satu US$50,000,000 with a one year tenor which has
tahun dan telah diperpanjang dari waktu ke been extended from time to time until November
waktu hingga 17 November 2024. 17, 2024.
Pada November dan Desember 2023, On November and December, 2023, the
Perusahaan melakukan penarikan Kredit Company withdraw the Short Term Loan from
Jangka Pendek dari PT Bank DBS Indonesia. PT Bank DBS Indonesia.
Pada tanggal 31 Desember 2023 dan 2022, As of December 31, 2023 and 2022,
saldo terutang adalah AS$50.000.000 dan nol outstanding balance is US$50,000,000 and nil
untuk fasilitas ini. from this facility.
HSBC - Fasilitas Perbankan HSBC - Banking Facility
Pada tanggal 6 Agustus 2018, Perusahaan On August 6, 2018, the Company entered into a
menandatangani perjanjian perbankan corporate banking agreement with PT Bank
korporasi dengan PT Bank HSBC Indonesia HSBC Indonesia amounting to US$45,000,000
sebesar AS$45.000.000 dengan tenor satu with a one year tenor which shall be
tahun yang akan secara otomatis diperpanjang automatically extended for the same period
untuk periode yang sama pada setiap tahunnya, each year, unless amended by both parties.
kecuali diubah dengan kedua belah pihak.
Pada November 2023, Perusahaan melakukan On November, 2023, the Company withdraw the
penarikan Kredit Jangka Pendek dari PT Bank Short Term Loan from PT Bank HSBC
HSBC Indonesia untuk periode tiga bulan. Indonesia for three months period.
Pada tanggal 31 Desember 2023 dan 2022, As of December 31, 2023 and 2022,
saldo terutang adalah AS$35.000.000 dan nol outstanding balance is US$35,000,000 and nil
untuk fasilitas ini from this facility.
PT Bank Permata Tbk - Fasilitas Perbankan PT Bank Permata Tbk - Banking Facility
Pada tanggal 25 Februari 2021, Perusahaan On February 25, 2021, the Company entered
menandatangani perjanjian kredit sebesar into a US$30,000,000 credit agreement with PT
AS$30.000.000 dengan PT Bank Permata Tbk. Bank Permata Tbk.
Pada tanggal 31 Desember 2023 dan 31 As of December 31, 2023 and December 31,
Desember 2022, tidak terdapat saldo terutang 2022, there is no outstanding balance from this
atas fasilitas ini. facility.
Standard Chartered Bank - Fasilitas Perbankan Standard Chartered Bank - Banking Facility
Pada tanggal 12 Juni 2000, Perusahaan On June 12, 2000, the Company signed Facility
menandatangani Surat Fasilitas dengan Letter with Standard Chartered Bank which shall
Standard Chartered Bank dimana akan terus be automatically extended.
diperpanjang secara otomatis.
314 PT Medco Energi Internasional Tbk 2023 Annual Report
156
Page 317
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
28. PINJAMAN BANK (lanjutan) 28. BANK LOANS (continued)
a. Pinjaman bank (lanjutan) a. Bank loans (continued)
Perusahaan (lanjutan) The Company (continued)
QNB - Fasilitas Kredit QNB - Credit Facility
Pada tanggal 4 Januari 2023, Perusahaan On January 4, 2023, the Company signed
menandatangani Perjanjian Fasilitas Kredit Credit Facility Agreement with PT Bank QNB
dengan PT Bank QNB Indonesia. Indonesia.
Pada tanggal 31 Desember 2023, tidak terdapat As of December 31, 2023, there is no
saldo terutang atas fasilitas ini. outstanding balance from this facility.
Maybank - Fasilitas Kredit Maybank - Credit Facility
Pada tanggal 31 Agustus 2023, Perusahaan On August 31, 2023, the Company signed
menandatangani Perjanjian Fasilitas Kredit Credit Facility Agreement with PT Bank
dengan PT Bank Maybank Indonesia Tbk. Maybank Indonesia Tbk.
Pada tanggal 31 Desember 2023, tidak terdapat As of December 31, 2023, there is no
saldo terutang atas fasilitas ini. outstanding balance from this facility.
LM Facility - Fasilitas Perbankan LM Facility - Bank Facility
Pada tanggal 13 Oktober 2022, Perusahaan On October 13, 2022, Company signed a
menandatangani Perjanjian Fasilitas senilai Facility Agreement in the amount of
AS$150.000.000 dengan BNP Paribas, PT Bank US$150,000,000 with BNP Paribas, PT Bank
Negara Indonesia (Persero) Tbk, DBS Bank Ltd. Negara Indonesia (Persero) Tbk, DBS Bank Ltd.
dan PT Bank ANZ Indonesia dengan jangka dan PT Bank ANZ Indonesia with 2 years tenor.
waktu 2 tahun.
Perusahaan telah melakukan penarikan atas The Company has fully utilized the facility on
seluruh fasilitas pada tanggal 4 November November 4, 2022.
2022.
Selama tahun 2023, Perusahaan melakukan During 2023, the Company paid scheduled
pembayaran cicilan terjadwal atas Pinjaman installment for Syndicated Loan with total
Sindikasi dengan total jumlah sebesar amount of US$67,500,000.
AS$67.500.000.
Pada tanggal 27 Desember 2023, Perusahaan On December 27, 2023. the Company made
melakukan pembayaran pelunasan dipercepat voluntary prepayment for the Syndicated Loan
sebesar AS$82.500.000 dan telah melunasi with amount of US$82,500,000 and has fully
seluruh fasilitas tersebut. repaid the facility.
Entitas anak Subsidiaries
PT Medco E & P Malaka (“MEPM”) dan PT PT Medco E & P Malaka (“MEPM”) and PT
Medco E & P Tomori Sulawesi (“MEPTS”) Medco E & P Tomori Sulawesi (“MEPTS”)
Pada tanggal 19 Oktober 2018, MEPM dan On October 19, 2018, MEPM and MEPTS
MEPTS menandatangani Senior Secured entered into a Senior Secured Facility
Facility Agreement dengan Australia and New Agreement with Australia and New Zealand
Zealand Banking Group Limited, ING Bank N.V., Banking Group Limited, ING Bank N.V.,
Cabang Singapura, dan Societe Generale Singapore Branch, and Societe Generale
(bersama-sama disebut “Pemberi Pinjaman (together the “MEPM and MEPTS Syndicated
Sindikasi MEPM dan MEPTS”) (yang kemudian Lenders”) (later amended on December 27,
diubah pada tanggal 27 Desember 2018 2018 to become a Syndicated Agreement with
menjadi Perjanjian Sindikasi dengan perubahan major changes to the syndicated parties) with a
utama pada pihak-pihak sindikasi) dengan nilai maximum amount of up to US$500,000,000
maksimal sampai dengan AS$500.000.000 which will mature on September 30, 2024.
yang akan jatuh tempo pada tanggal 30
September 2024.
2023 Annual Report PT Medco Energi Internasional Tbk 315
157
Page 318
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
28. PINJAMAN BANK (lanjutan) 28. BANK LOANS (continued)
a. Pinjaman bank (lanjutan) a. Bank loans (continued)
Entitas anak (lanjutan) Subsidiaries (continued)
PT Medco E & P Malaka (“MEPM”) dan PT PT Medco E & P Malaka (“MEPM”) and PT
Medco E & P Tomori Sulawesi (“MEPTS”) Medco E & P Tomori Sulawesi (“MEPTS”)
(lanjutan) (continued)
Pada tanggal 25 Mei 2022, MEPM dan MEPTS On May 25, 2022, MEPM and MEPTS have
telah melakukan penarikan atas fasilitas Senior withdraw the Senior Secured Facility Agreement
Secured Facility Agreement dari Pemberi from a Syndicated Lender in the amount of
Pinjaman Sindikasi sebesar AS$50.000.000. US$50,000,000.
Pada tanggal 23 Desember 2022, MEPM dan On December 23, 2022, MEPM and MEPTS
MEPTS menandatangani Perjanjian Perubahan sign an Amendment and Restatement
dan Pernyataan Kembali dengan Pemberi Agreement with MEPM and MEPTS Syndication
Pinjaman Sindikasi MEPM dan MEPTS dengan Loan Lender for a loan up to US$420,000,000
nilai maksimal sampai dengan AS$420.000.000 which will mature on December 30, 2028.
yang akan jatuh tempo pada tanggal 30
Desember 2028.
Pada tanggal 23 Desember 2022, MEPM dan On December 23, 2022, MEPM and MEPTS
MEPTS telah menggunakan fasilitas tersebut has utilized a total amount of US$154,102,212
sejumlah AS$154.102.212. Perjanjian of the facility. The Amendment and Restatement
Perubahan dan Pernyataan Kembali dilakukan Agreement was made in connection with the
sehubungan dengan reformasi suku bunga interest rate reform to change the effective
untuk mengubah tingkat suku bunga efektif interest rate of the previous loan and extend the
pinjaman sebelumnya dan memperpanjang term of the loan. Based on management’s
jangka waktu pinjaman. Berdasarkan evaluasi evaluation, the terms under the Amendment and
manajemen, persyaratan Perjanjian Perubahan Restatement Agreement are not substantially
dan Pernyataan Kembali tidak berbeda secara different from that of the previous agreement.
substansial dengan perjanjian sebelumnya, Therefore, the Amendment and Restatement
sehingga perubahan tersebut dicatat sebagai Agreement was accounted for as modification of
modifikasi atas liabilitas keuangan awal. MEPM the original financial liabilities. MEPM and
dan MEPTS mengakui keuntungan atas MEPTS recognized gain on modification of the
modifikasi liabilitas keuangan sebesar AS$2 juta financial liabilities amounting to US$2 millions
dan biaya transaksi yang atas liabilitas and the transaction cost of the Amendment and
keuangan dari Perjanjian dan Pernyataan Restatement Agreement amounting to US$4.1
Kembali sebesar AS$4,1 juta dikapitalisasi dan millions was capitalized and amortized during
diamortisasi selama sisa periode dari liabilitas the remainder of the modified liabilities. This
yang telah dimodifikasi tersebut. Fasilitas ini facility is collateralized by pledge over the
dijamin dengan gadai atas saham MEPM dan shares of MEPM and MEPTS, project account,
MEPTS, project account, fidusia atas aset fiduciary over moveable assets, insurance
bergerak, klaim asuransi, dan piutang. claims, and receivables.
Pada tanggal 27 Maret 2023, MEPM dan On March 27, 2023, MEPM and MEPTS made a
MEPTS telah melakukan penarikan atas withdraw from Senior Secured Facility
fasilitas Senior Secured Facility Agreement dari Agreement from Syndication Loan Lender with
Pemberi Pinjaman Sindikasi sebesar total amount US$50,000,000 and made a
AS$50.000.000 dan telah melakukan repayment of the same amount on March 31,
pembayaran sejumlah tersebut pada tanggal 31 2023.
Maret 2023.
Pada tanggal 29 Desember 2023, MEPM On December 29, 2023, MEPM made a
melakukan penarikan atas fasilitas Senior withdraw from Syndication Loan Lender with
Secured Facility Agreement dari Pemberi amount of US$1,125,022 whereas MEPTS
Pinjaman Sindikasi sejumlah AS$1.125.022 made repayment with total amount
sementara MEPTS melakukan pembayaran US$11,227,234 .
sebesar AS$11.227.234.
316 PT Medco Energi Internasional Tbk 2023 Annual Report
158
Page 319
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
28. PINJAMAN BANK (lanjutan) 28. BANK LOANS (continued)
a. Pinjaman bank (lanjutan) a. Bank loans (continued)
Entitas anak (lanjutan) Subsidiaries (continued)
PT Medco E & P Malaka (“MEPM”) dan PT PT Medco E & P Malaka (“MEPM”) and PT
Medco E & P Tomori Sulawesi (“MEPTS”) Medco E & P Tomori Sulawesi (“MEPTS”)
(lanjutan) (continued)
MEPM telah menggabungkan dan MEPM has blended and extended the existing
memperpanjang Interest Rate Swap ("IRS") Interest Rate Swap ("IRS") to match with the
yang ada agar sesuai dengan Senior Secured amended Senior Secured Facility Agreement.
Facility Agreement yang telah diubah.
Medco Energi Global Pte. Ltd. (“MEG”) Medco Energi Global Pte. Ltd. (“MEG”)
Pinjaman Sindikasi Syndicated Loans
Pada tanggal 11 Desember 2021, MEG, entitas On December 11, 2021, MEG, an indirect
anak yang secara tidak langsung dimiliki wholly owned subsidiary of the Company,
seluruhnya oleh Perusahaan, menandatangani entered into a Facility Agreement worth
Facility Agreement senilai AS$450.000.000 US$450,000,000 with Australia and New
dengan Australia and New Zealand Banking Zealand Banking Group Limited, Singapore
Group Limited, Cabang Singapura, ING Bank Branch, ING Bank N.V., Singapore Branch,
N.V., Cabang Singapura, DBS Bank Ltd., DBS Bank Ltd., Morgan Stanley Senior Funding
Morgan Stanley Senior Funding Inc., MUFG Inc., MUFG Bank, Ltd., and Standard Chartered
Bank, Ltd., dan Standard Chartered Bank Bank (Singapore) Limited (together, the “MEG
(Singapore) Limited (bersama-sama disebut Syndicated Lenders”) regarding the Group's
”Pemberi Pinjaman Sindikasi MEG”) terkait plan to acquire ConocoPhillips Indonesia
rencana Grup untuk mengakuisisi Holding Ltd. This facility will mature on
ConocoPhillips Indonesia Holding Ltd. Fasilitas December 19, 2023.
tersebut akan jatuh tempo pada tanggal 19
Desember 2023.
Pada tanggal 2 Maret 2022, MEG melakukan On March 2, 2022, MEG withdraw all of the
penarikan atas seluruh fasilitas dari Australia facilities from Australia and New Zealand
and New Zealand Banking Group Limited, Banking Group Limited, Singapore Branch, ING
Cabang Singapura, ING Bank N.V., Cabang Bank N.V., Singapore Branch, DBS Bank Ltd.,
Singapura, DBS Bank Ltd., Morgan Stanley Morgan Stanley Senior Funding Inc., MUFG
Senior Funding Inc., MUFG Bank, Ltd., dan Bank, Ltd., and Standard Chartered Bank
Standard Chartered Bank (Singapore) Limited (Singapore) Limited for US$450,000,000 to
sebesar AS$450.000.000 untuk mengakuisisi acquire ConocoPhillips Indonesia Holding Ltd.
ConocoPhillips Indonesia Holding Ltd. In relation to this facility, MEG has entered into
Sehubungan dengan fasilitas tersebut, MEG a Syndication Agreement on March 28, 2022,
telah menandatangani Perjanjian Sindikasi pada with Australia and New Zealand Banking Group
tanggal 28 Maret 2022, dengan Australia and Limited, Singapore Branch, ING Bank N.V.,
New Zealand Banking Group Limited, Cabang Singapore Branch, DBS Bank Ltd., Morgan
Singapura, ING Bank N.V., Cabang Singapura, Stanley Senior Funding Inc., MUFG Bank, Ltd.,
DBS Bank Ltd., Morgan Stanley Senior Funding Standard Chartered Bank (Singapore) Limited,
Inc., MUFG Bank, Ltd., Standard Chartered BNP Paribas, Credit Agricole Corporate and
Bank (Singapore) Limited, BNP Paribas, Credit Investment Banking, Singapore Branch, PT
Agricole Corporate and Investment Banking, Bank Mandiri (Persero) Tbk, Singapore Branch,
Cabang Singapura, PT Bank Mandiri (Persero) PT Bank Negara Indonesia (Persero) Tbk,
Tbk, Cabang Singapura, PT Bank Negara Singapore Branch, Societe Generale, Singapore
Indonesia (Persero) Tbk, Cabang Singapura, Branch, and Sumitomo Mitsui Banking
Societe Generale, Cabang Singapura, dan Corporation, Singapore Branch.
Sumitomo Mitsui Banking Corporation, Cabang
Singapura.
Selama tahun 2022, MEG melakukan During 2022, MEG made installment payments
pembayaran cicilan dengan total sebesar with total amount of US$280,125,000.
AS$280.125.000.
2023 Annual Report PT Medco Energi Internasional Tbk 317
159
Page 320
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
28. PINJAMAN BANK (lanjutan) 28. BANK LOANS (continued)
a. Pinjaman bank (lanjutan) a. Bank loans (continued)
Entitas anak (lanjutan) Subsidiaries (continued)
Medco Energi Global Pte. Ltd. (“MEG”) Medco Energi Global Pte. Ltd. (“MEG”)
(lanjutan) (continued)
Pinjaman Sindikasi (lanjutan) Syndicated Loans (continued)
Selama tahun 2023, MEG telah melakukan During 2023, MEG has paid scheduled
pembayaran cicilan terjadwal sebesar installment with amount of US$169,875,000 on
AS$169.875.000 atas Pinjaman Sindikasi. the Syndication Loan.
Pada tanggal 4 Desember 2023, MEG On December 4, 2023, MEG made voluntary
melakukan pembayaran dipercepat atas prepayment for Syndicated Loan with amount of
Pinjaman Sindikasi sebesar AS$40.050.000. US$40,050,000.
Medco E&P Grissik Ltd Medco E&P Grissik Ltd
Pada tanggal 23 Oktober 2023, Medco E&P On October 23, 2023, Medco E&P Grissik Ltd,
Grissik Ltd, entitas anak yang secara tidak an indirect wholly owned subsidiary of the
langsung dimiliki seluruhnya oleh Perusahaan, Company, signed an Amendment and
telah menandatangani Perjanjian Perubahan Restatement Agreement relating to MEG
dan Pernyataan Kembali sehubungan dengan Facility Agreement originally dated December
Perjanjian Fasilitas MEG awalnya tertanggal 11 11, 2021, with Mandated Lead Arrangers
Desember 2021, dengan Mandated Lead amounting to US$350,000,000 which will
Arrangers senilai AS$350.000.000 yang akan mature on December 30, 2026.
jatuh tempo pada 30 Desember 2026.
Pada tanggal 4 Desember 2023, MEPG On December 4, 2023, MEPG made a withdraw
melakukan penarikan sebesar AS$44.000.000 with amount of US$44,000,000 and made a
dan telah melakukan pembayaran sejumlah repayment of the same amount on December
tersebut pada tanggal 29 Desember 2023. 29, 2023.
PT Medco Power Indonesia (“MPI”) dan Entitas PT Medco Power Indonesia (“MPI”) and
Anak Subsidiaries
PT Medco Ratch Power Riau (“MRPR”) PT Medco Ratch Power Riau (“MRPR”)
Pada tanggal 20 Maret 2019, PT Medco Ratch On March 20, 2019, PT Medco Ratch Power
Power Riau (“MRPR”) menandatangani Riau (“MRPR”) entered into a financing
perjanjian pendanaan dengan konsorsium agreement with a consortium of lenders to
pemberi pinjaman untuk menyediakan provide funding in an aggregate amount of
pendanaan dengan jumlah agregat sekitar approximately US$222 million related to the
AS$222 juta terkait dengan pengembangan development of a 275-megawatt (MW) gas-fired
fasilitas pembangkit listrik tenaga gas 275- power plant facility with a maturity date of due in
megawatt (MW) dengan waktu jatuh tempo March 2039. The consortium of lenders consists
pada Maret 2039. Konsorsium pemberi of Asian Development Bank (“ADB”),
pinjaman terdiri dari Asian Development Bank International Finance Corporation (“IFC”),
(“ADB”), International Finance Corporation MUFG Bank Ltd (“MUFG”) and Sumitomo Mitsui
(“IFC”), MUFG Bank Ltd (“MUFG”) dan Banking Corporation (“SMBC”). This facility is
Sumitomo Mitsui Banking Corporation secured by fixed assets used in the concession
(“SMBC”). Fasilitas ini dijamin dengan aset service project assets, rights to receivables from
tetap yang digunakan dalam aset proyek jasa the project and pledge of shares in the project.
konsesi, hak atas piutang atas proyek dan gadai
saham dalam proyek.
Pada tanggal 28 Juni 2023, MRPR On June 28, 2023, MRPR signed an
menandatangani perjanjian Amandemen dan Amendment and Restatement agreement to the
Pernyataan Kembali atas Perjanjian Senior Senior Secured Debt Agreement with the
Secured Debt dengan Konsorsium pemberi Consortium of lenders related to the change of
pinjaman terkait pergantian Suku Bunga Acuan the Reference Interest Rate to Daily Non-
menjadi Daily Non-Cumulative Compounded Cumulative Compounded SOFR.
SOFR.
318 PT Medco Energi Internasional Tbk 2023 Annual Report
160
Page 321
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
28. PINJAMAN BANK (lanjutan) 28. BANK LOANS (continued)
a. Pinjaman bank (lanjutan) a. Bank loans (continued)
Entitas anak (lanjutan) Subsidiaries (continued)
PT Medco Power Indonesia (“MPI”) dan Entitas PT Medco Power Indonesia (“MPI”) and
Anak (lanjutan) Subsidiaries (continued)
PT Medco Ratch Power Riau (“MRPR”) PT Medco Ratch Power Riau (“MRPR”)
(lanjutan) (continued)
Selama tahun 2022, MRPR melakukan During 2022, MRPR has paid scheduled
pembayaran cicilan terjadwal ke Konsorsium installments to Riau Lenders Consortium
Pemberi Pinjaman Riau sebesar AS$6.794.819. amounting to US$6,794,819.
Pada tanggal 24 Mei 2022, MRPR melakukan On May 24, 2022, MRPR has withdrawn total
penarikan pinjaman dari Konsorsium Pemberi amount of US$27,000,000 from Riau Lenders
Pinjaman Riau sebesar AS$27.000.000. Consortium.
Pada tanggal 28 Februari dan 31 Agustus 2023, On February 28 and August 31, 2023, MRPR
MRPR melakukan pembayaran cicilan terjadwal made scheduled installments to the Riau
ke Konsorsium Pemberi Pinjaman Riau masing- Lenders Consortium with amount of
masing sebesar AS$4.434.281 dan US$4,434,281 and US$3,198,860, respectively.
AS$3.198.860.
PT Medco Power Indonesia (“MPI”) PT Medco Power Indonesia (“MPI”)
PT Bank Woori Saudara Indonesia 1906 Tbk - PT Bank Woori Saudara Indonesia 1906 Tbk -
Fasilitas Kredit Pendanaan Umum General Funding Credit Facility
Pada tanggal 27 Mei 2019, MPI On May 27, 2019, MPI signed a credit facility
menandatangani perjanjian kredit dengan PT agreement with PT Bank Woori Saudara
Bank Woori Saudara Indonesia 1906 Tbk Indonesia 1906 Tbk (“BWS”) amounting to
(“BWS”) sebesar AS$20.000.000 dengan jangka US$20,000,000 with 2 years tenor. The loan
waktu 2 tahun. Fasilitas ini tidak dijamin dengan facility is unsecured. On May 29, 2019, MPI has
agunan khusus. Pada tanggal 29 Mei 2019, MPI fully withdrawn this credit facility. The facility will
melakukan penarikan atas seluruh fasilitas. be paid quarterly and will mature on May 29,
Fasilitas ini akan dicicil setiap tiga bulan dan 2021. The facilities have been extended several
akan jatuh tempo pada tanggal 29 Mei 2021. times to May 28, 2024.
Jatuh tempo fasilitas ini telah diperpanjang
beberapa kali hingga 28 Mei 2024.
Pada tanggal 31 Desember 2022, MPI telah On December 31, 2022, MPI has complied with
memenuhi semua rasio keuangan yang all financial ratios required to be maintained
dipersyaratkan dalam perjanjian pinjaman. under the loan agreements.
Selama tahun 2022, MPI telah melakukan During 2022, MPI has paid scheduled and
pembayaran cicilan terjadwal dan pembayaran unscheduled installment amounting to
dipercepat sebesar AS$7.000.000 kepada US$7,000,000 to BWS. In the same year, MPI
BWS. Pada tahun yang sama, MPI telah has withdrawn amounting to US$5,000,000.
melakukan penarikan pinjaman senilai
AS$5.000.000.
Pada 25 Agustus 2023, MPI melakukan On August 25, 2023, MPI has extend the credit
perpanjangan fasilitas kredit di PT Bank Woori facility with PT Bank Woori Saudara Indonesia
Saudara Indonesia 1906 Tbk sebesar 1906 Tbk amounting to US$11,500,000 with 9
AS$11.500.000 dengan jangka waktu 9 bulan. months tenor.
2023 Annual Report PT Medco Energi Internasional Tbk 319
161
Page 322
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
28. PINJAMAN BANK (lanjutan) 28. BANK LOANS (continued)
a. Pinjaman bank (lanjutan) a. Bank loans (continued)
Entitas anak (lanjutan) Subsidiaries (continued)
PT Medco Power Indonesia (“MPI”) dan Entitas PT Medco Power Indonesia (“MPI”) and
Anak (lanjutan) Subsidiaries (continued)
PT Medco Power Indonesia (“MPI”) (lanjutan) PT Medco Power Indonesia (“MPI”) (continued)
PT Bank Woori Saudara Indonesia 1906 Tbk - PT Bank Woori Saudara Indonesia 1906 Tbk -
Fasilitas Kredit Pendanaan Umum (lanjutan) General Funding Credit Facility (continued)
Selama tahun 2023, MPI telah melakukan During 2023, MPI has paid scheduled
pembayaran cicilan terjadwal sebesar installment amounting to AS$2,000,000 to BWS.
AS$2.000.000 kepada BWS.
PT Bank Syariah Indonesia Tbk - Fasilitas PT Bank Syariah Indonesia Tbk - Musyarakah
Musyarakah Facility
Pada tanggal 25 September 2020, MPI On September 25, 2020, MPI signed credit
menandatangani perjanjian fasilitas kredit facility agreement with PT Bank BNI Syariah
dengan PT Bank BNI Syariah (“BNI Syariah”) (“BNI Syariah”) with a total facility of
dengan total fasilitas sebesar Rp400,000,000,000. The loan facility is
Rp400.000.000.000. Fasilitas ini tidak dijamin unsecured. On September 30, 2020, MPI made
dengan agunan khusus. Pada tanggal 30 a withdrawal of this facility amounting to
September 2020 MPI telah melakukan Rp250,000,000,000 and will mature in
penarikan atas fasilitas tersebut sebesar September 2023. On November 27, 2020, MPI
Rp250.000.000.000 dan akan jatuh tempo pada made a withdraw amounting to
September 2023. Pada 27 November 2020, MPI Rp150,000,000,000 and will mature in
melakukan penarikan sebesar November 2021. On December 23, 2020, MPI
Rp150.000.000.000 dan akan jatuh tempo pada has made a scheduled installment amounting to
November 2021. Pada tanggal 23 Desember Rp5,000,000,000.
2020, MPI telah melakukan pembayaran cicilan
terjadwal sejumlah Rp5.000.000.000.
Sejak 1 Februari 2021, PT Bank BNI Syariah Since February 1, 2021, PT Bank BNI Syariah
bersama PT Bank Syariah Mandiri dan PT Bank with PT Bank Syariah Mandiri and PT Bank BRI
BRI Syariah telah merger menjadi PT Bank Syariah have merged into PT Bank Syariah
Syariah Indonesia Tbk (“BSI”). Indonesia Tbk (“BSI”).
Pada tanggal 31 Desember 2022, MPI telah On December 31, 2022, MPI has complied with
memenuhi semua rasio keuangan yang all financial ratios required to be maintained
dipersyaratkan dalam perjanjian pinjaman. under the loan agreements.
Selama tahun 2022, MPI telah melakukan During 2022, MPI has paid scheduled
pembayaran cicilan terjadwal ke BSI sebesar installment to BSI amounting to
Rp26.000.000.000. Rp26,000,000,000.
Selama tahun 2023, MPI telah melakukan During 2023, MPI has paid scheduled
pembayaran cicilan terjadwal sebesar installment amounting to Rp53,100,000,000 to
Rp53.100.000.000 kepada BSI. BSI.
PT Bank Syariah Indonesia Tbk - Fasilitas PT Bank Syariah Indonesia Tbk - Musyarakah
Musyarakah dan Kafalah bil Ujrah and Kafalah bil Ujrah Facility
Pada tanggal 28 Mei 2021, MPI On May 28, 2021, MPI signed Akad
menandatangani Akad Musyarakah sebesar Musyarakah amounting to US$30,000,000 and
AS$30.000.000 dan Kafalah bil Ujrah sebesar Kafalah bil Ujrah amounting to US$10,000,000
AS$10.000.000 dengan BSI, dengan jangka with BSI, with 3 years tenor. On May 31, 2021,
waktu 3 tahun. Pada tanggal 31 Mei 2021, MPI MPI utilized the facility amounting to
melakukan penarikan atas fasilitas tersebut US$13,000,000. The loan facility is unsecured.
sebesar AS$13.000.000. Fasilitas ini tidak
dijamin dengan agunan khusus.
320 PT Medco Energi Internasional Tbk 2023 Annual Report
162
Page 323
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
28. PINJAMAN BANK (lanjutan) 28. BANK LOANS (continued)
a. Pinjaman bank (lanjutan) a. Bank loans (continued)
Entitas anak (lanjutan) Subsidiaries (continued)
PT Medco Power Indonesia (“MPI”) dan Entitas PT Medco Power Indonesia (“MPI”) and
Anak (lanjutan) Subsidiaries (continued)
PT Medco Power Indonesia (“MPI”) (lanjutan) PT Medco Power Indonesia (“MPI”) (continued)
PT Bank Syariah Indonesia Tbk - Fasilitas PT Bank Syariah Indonesia Tbk - Musyarakah
Musyarakah dan Kafalah bil Ujrah (lanjutan) and Kafalah bil Ujrah Facility (continued)
Pada tanggal 31 Desember 2022, MPI telah As of December 31, 2022, MPI has complied
memenuhi semua rasio keuangan yang with all financial ratios required to be maintained
dipersyaratkan dalam perjanjian pinjaman. under the loan agreements.
Selama tahun 2022, MPI melakukan During 2022, MPI has paid scheduled
pembayaran cicilan terjadwal ke BSI sebesar installment to BSI amounting to US$2,600,000.
AS$2.600.000.
Selama tahun 2023, MPI melakukan During 2023, MPI has paid scheduled
pembayaran cicilan terjadwal sebesar installment amounting to US$2,600,000 to BSI.
AS$2.600.000 kepada BSI.
PT Bank Syariah Indonesia Tbk - Fasilitas PT Bank Syariah Indonesia Tbk - Musyarakah
Musyarakah Facility
Pada tanggal 27 April 2022, MPI On April 27, 2022, MPI has entered into a Line
menandatangani perjanjian Line Facility Facility Musyarakah Credit Facility with BSI
Pembiayaan Musyarakah dengan BSI sebesar amounting to Rp750,000,000,000 with 4 years
Rp750.000.000.000 dengan jangka waktu 4 tenor from the signing date. On May 17, 2022,
tahun dari tanggal penandatanganan. Pada MPI has withdrawn from the facility total amount
tanggal 17 Mei 2022, MPI melakukan penarikan of Rp750,000,000,000.
atas fasilitas ini sebesar Rp750.000.000.000.
Pada tanggal 15 Agustus 2022, BSI melakukan On August 15, 2022, BSI transferred a loan of
pengalihan pinjaman senilai Rp336.875.000.000 Rp336,875,000,000 to PT Sarana Multi
kepada PT Sarana Multi Infrastruktur (Persero) Infrastruktur (Persero) (“SMI”) and the loan
(“SMI”) dan pinjaman tersebut menjadi pinjaman become syndicated loan.
sindikasi.
Selama tahun 2022, MPI melakukan During 2022, MPI has paid scheduled
pembayaran cicilan terjadwal kepada BSI installment to BSI amounting to
sebesar Rp58.125.000.000. Rp58,125,000,000.
Selama tahun 2023, MPI melakukan During 2023, MPI has paid scheduled
pembayaran cicilan terjadwal kepada BSI installment to BSI amounting to
sebesar Rp60.000.000.000. Rp60,000,000,000.
PT Bank Negara Indonesia (Persero) Tbk - PT Bank Negara Indonesia (Persero) Tbk -
Fasilitas Term Loan Term Loan Facility
Pada tanggal 28 Juni 2021, MPI On June 28, 2021, MPI signed Term Loan
menandatangani Perjanjian Fasilitas Term Loan Credit Facility agreement amounting to
sebesar Rp399.000.000.000 dengan PT Bank Rp399,000,000,000 with PT Bank Negara
Negara Indonesia (Persero) Tbk. (“BNI”). Indonesia (Persero) Tbk. (“BNI”). This facility is
Fasilitas ini tidak dijamin dengan agunan unsecured.
khusus.
2023 Annual Report PT Medco Energi Internasional Tbk 321
163
Page 324
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
28. PINJAMAN BANK (lanjutan) 28. BANK LOANS (continued)
a. Pinjaman bank (lanjutan) a. Bank loans (continued)
Entitas anak (lanjutan) Subsidiaries (continued)
PT Medco Power Indonesia (“MPI”) dan Entitas PT Medco Power Indonesia (“MPI”) and
Anak (lanjutan) Subsidiaries (continued)
PT Medco Power Indonesia (“MPI”) (lanjutan) PT Medco Power Indonesia (“MPI”) (continued)
PT Bank Negara Indonesia (Persero) Tbk - PT Bank Negara Indonesia (Persero) Tbk -
Fasilitas Term Loan (lanjutan) Term Loan Facility (continued)
Pada 29 Maret 2022, MPI mengajukan On March 29, 2022, MPI proposed an extension
perpanjangan availability period atas fasilitas of the availability period for the Term Loan
Term Loan di BNI. Pada 19 April 2022, BNI facility at BNI. On April 19, 2022, BNI gave
memberikan persetujuan atas permohonan approval for the application. On April 22, 2022,
tersebut. Pada 22 April 2022, MPI melakukan MPI withdraw the facility in the amount of
penarikan fasilitas tersebut sebesar Rp200,000,000,000.
Rp200.000.000.000.
Pada tanggal 22 Juli 2022, MPI melakukan On July 22, 2022, MPI withdraw a loan of
penarikan pinjaman sebesar AS$4.000.000 dari US$4,000,000 from BNI.
BNI.
Pada 16 Agustus 2022, MPI melakukan On August 16, 2022, MPI made an accelerated
pelunasan dipercepat sebesar AS$4.000.000 ke payment of US$4,000,000 to BNI.
BNI.
PT Maybank Indonesia Finance - Fasilitas PT Maybank Indonesia Finance - Consumer
Kredit Konsumen Credit Facility
Pada Juni 2014, MPI menandatangani In June 2014, MPI entered into a Consumer
perjanjian Fasilitas Kredit Pembiayaan Financing Credit Facility agreement with PT
Konsumtif dengan PT Maybank Indonesia Maybank Indonesia Finance with a facility
Finance dengan jangka waktu perjanjian agreement term of up to May 2019. The
fasilitas hingga Mei 2019. Fasilitas Kredit Consumer Credit Facility with PT Maybank
Konsumen dengan PT Maybank Indonesia Indonesia Finance is used to finance the
Finance digunakan untuk membiayai pembelian purchase of vehicles based on the Corporate
kendaraan berdasarkan Program Kepemilikan Car Ownership Program (COP), which consists
Mobil Perusahaan (COP) yang terdiri dari of several withdrawals with various maturity
beberapa penarikan dengan jatuh tempo yang dates and the final maturity date is September
bervariasi dan jatuh tempo terakhir pada 23 23, 2023. This facility is secured by the vehicle
September 2023. Fasilitas ini dijamin dengan acquired. The loan was fully settled on July 31,
kendaraan yang diperoleh. Pinjaman telah lunas 2023.
pada tanggal 31 Juli 2023.
PT Bank Tabungan Negara (Persero) Tbk – PT Bank Tabungan Negara (Persero) Tbk –
Fasilitas Corporate Line Corporate Line Facility
Pada tanggal 22 November 2022, MPI telah On November 22, 2022, MPI has signed
menandatangani perjanjian Corporate Line Corporate Line Facility agreement with PT Bank
Facility dengan PT Bank Tabungan Negara Tabungan Negara (Persero) Tbk (“BTN”) which
(Persero) Tbk (“BTN”) yang terdiri dari Non- consist of Non-Cash Loan amounting to
Cash Loan sebesar Rp350.000.000.000 dengan Rp350,000,000,000 with one year tenor since
jangka waktu satu tahun sejak tanggal signing date and Cash Loan amounting to
penandatanganan dan Cash Loan sebesar Rp150,000,000,000 with 5 year tenor since
Rp150.000.000.000 dengan jangka waktu 5 signing date.
tahun sejak tanggal penandatanganan.
Pada tanggal 8 Februari 2023, MPI melakukan On February 8, 2023, MPI has withdrawn it's
penarikan pinjaman dari BTN sebesar facility amounting to Rp150,000,000,000 from
Rp150.000.000.000. BTN.
322 PT Medco Energi Internasional Tbk 2023 Annual Report
164
Page 325
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
28. PINJAMAN BANK (lanjutan) 28. BANK LOANS (continued)
a. Pinjaman bank (lanjutan) a. Bank loans (continued)
Entitas anak (lanjutan) Subsidiaries (continued)
PT Medco Power Indonesia (“MPI”) dan Entitas PT Medco Power Indonesia (“MPI”) and
Anak (lanjutan) Subsidiaries (continued)
PT Medco Power Indonesia (“MPI”) (lanjutan) PT Medco Power Indonesia (“MPI”) (continued)
PT Bank Tabungan Negara (Persero) Tbk – PT Bank Tabungan Negara (Persero) Tbk –
Fasilitas Corporate Line (lanjutan) Corporate Line Facility (continued)
Pada tanggal 21 Desember 2023, MPI On December 21, 2023, MPI signed additional
menandatangani tambahan fasilitas Non-Cash non-cash loan facility amounting to
Loan menjadi Rp500.000.000.000 dan Rp500,000,000,000 and maturity date extention
perpanjangan jangka waktu fasilitas hingga 22 to November 22, 2025.
November 2025.
PT Bank Mandiri Tbk PT Bank Mandiri Tbk
Pada tanggal 26 April 2023, MPI telah On April 26, 2023, MPI has signed Term Loan
menandatangani perjanjian Fasilitas Term Loan Facility agreement with PT Bank Mandiri Tbk
dengan PT Bank Mandiri Tbk ("BMRI") sebesar ("BMRI") amounting to Rp750,000,000,000 with
Rp750.000.000.000 dengan jangka waktu 36 36 months tenor since signing date or until
bulan dari tanggal penandatanganan fasilitas December 31, 2025, whichever occurs earlier.
atau tanggal 31 Desember 2025, mana yang
lebih dahulu terjadi.
Pada bulan April dan Juni 2023, MPI melakukan On April and June 2023, MPI has withdrawn
penarikan pinjaman dari BMRI sebesar amounting to Rp400,000,000,000 from BMRI.
Rp400.000.000.000.
Pada tanggal 16 Agustus 2023, MPI melakukan On August 16, 2023, MPI has withdrawn
penarikan pinjaman sebesar amounting to Rp150,000,000,000 from
Rp150.000.000.000 dari BMRI. BMRI.
Selama tahun 2023, MPI telah melakukan During 2023, MPI has paid scheduled and
pembayaran cicilan terjadwal dan sukarela voluntary repayment amounting to
sebesar Rp360.000.000.000 kepada BMRI. Rp360,000,000,000 to BMRI.
PT Energi Listrik Batam (“ELB”) PT Energi Listrik Batam (“ELB”)
PT Bank Syariah Indonesia Tbk - Fasilitas PT Bank Syariah Indonesia Tbk - Musyarakah
Musyarakah Mutanaqish, Musyarakah, dan Mutanaqishah, Musyarakah, and Kafalah bil
Kafalah bil Ujrah Ujrah Facility
Pada Desember 2016, PT Energi Listrik Batam In December 2016, PT Energi Listrik Batam
(“ELB”) menandatangani Perjanjian Fasilitas (“ELB”) signed a Musyarakah Mutanaqishah,
Musyarakah Mutanaqishah, Musyarakah, dan Musyarakah, and Kafalah bil Ujrah Facility with
Kafalah bil Ujrah dengan PT Bank Syariah PT Bank Syariah Mandiri amounting to
Mandiri sebesar AS$51.000.000 dengan tenor US$51,000,000 with a ten year tenor. This
sepuluh tahun. Fasilitas ini dijamin dengan aset facility is secured by fixed assets used in
tetap yang digunakan dalam sewa guna usaha, leasing, rights over receivables, ELB shares
hak atas piutang, saham ELB yang dimiliki oleh owned by PT Universal Batam Energy and PT
PT Universal Batam Energy dan PT Universal Universal Gas Energy and guarantee letter from
Gas Energy dan surat jaminan dari MPI. MPI.
Berdasarkan perjanjian pinjaman, ELB Based on the loan agreement, ELB is required
diharuskan untuk memelihara beberapa to maintain several restricted bank accounts at
rekening bank yang dibatasi penggunaannya di BSI with a minimum balance as specified in the
BSI dengan saldo minimum sebagaimana loan agreement.
ditentukan dalam perjanjian pinjaman.
2023 Annual Report PT Medco Energi Internasional Tbk 323
165
Page 326
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
28. PINJAMAN BANK (lanjutan) 28. BANK LOANS (continued)
a. Pinjaman bank (lanjutan) a. Bank loans (continued)
Entitas anak (lanjutan) Subsidiaries (continued)
PT Medco Power Indonesia (“MPI”) dan Entitas PT Medco Power Indonesia (“MPI”) and
Anak (lanjutan) Subsidiaries (continued)
PT Energi Listrik Batam (“ELB”) (lanjutan) PT Energi Listrik Batam (“ELB”) (continued)
PT Bank Syariah Indonesia Tbk - Fasilitas PT Bank Syariah Indonesia Tbk - Musyarakah
Musyarakah Mutanaqish, Musyarakah, dan Mutanaqishah, Musyarakah, and Kafalah bil
Kafalah bil Ujrah (lanjutan) Ujrah Facility (continued)
Selama tahun 2022, ELB telah melakukan During 2022, ELB has paid scheduled
pembayaran cicilan terjadwal ke BSI sebesar installment to BSI amounting to US$6,256,063.
AS$6.256.063.
Selama tahun 2023, ELB telah melakukan During 2023, ELB has paid scheduled
pembayaran cicilan terjadwal ke BSI sebesar installments to BSI amounting to US$3,643,090.
AS$3.643.090.
Pada tanggal 16 Oktober 2023, ELB telah On October 16, 2023, ELB signed project
menandatangani Perjanjian Pembiayaan Proyek financing agreement with PT Bank Syariah
dengan PT Bank Syariah Indonesia Tbk dengan Indonesia Tbk amounting to US$86,900,000.
fasilitas pinjaman tunai sebesar AS$86.900.000. This financing aims to refinance Simple Cycle
Pembiayaan ini bertujuan untuk refinancing Gas Power Plant 2x35 MW and to finance
pembangkit listrik berupa PLTG Simple Cycle Combine Cycle Gas Power Plant 39 MW
Power Plant 2x25 MW dan Combine Cycle located in Tanjung Uncang, Batam.
Power Plant 39 MW berlokasi di Tanjung
Uncang, Batam.
Pada tanggal 17 Oktober 2023, ELB melakukan On October 17, 2023, ELB made a withdrawal
penarikan sebesar AS$18.194.796 dan pada amounting US$18,194,796 from PT Bank
tanggal 19 Oktober 2023 ELB melakukan Syariah Indonesia Tbk and on October 19, 2023
pelunasan atas seluruh pokok fasilitas ELB has settled the Musyarakah Mustanaqisah
pembiayaan Musyarakah Mustanaqisah dari PT financing amounting US$18,194,796.
Bank Syariah Indonesia Tbk sebesar
AS$18.194.796.
Pada 12 Desember 2023, ELB melakukan On December 12, 2023, ELB withdrawn
penarikan pinjaman sebesar AS$2.000.000 dari amounting US$2,000,000 from PT Bank Syariah
PT Bank Syariah Indonesia Tbk. Indonesia Tbk.
324 PT Medco Energi Internasional Tbk 2023 Annual Report
166
Page 327
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
28. PINJAMAN BANK (lanjutan) 28. BANK LOANS (continued)
a. Pinjaman bank (lanjutan) a. Bank loans (continued)
Entitas anak (lanjutan) Subsidiaries (continued)
PT Medco Power Indonesia (“MPI”) dan Entitas PT Medco Power Indonesia (“MPI”) and
Anak (lanjutan) Subsidiaries (continued)
PT Medco Cahaya Geothermal ("MCG") PT Medco Cahaya Geothermal ("MCG")
Sepanjang Tahun 2023, MCG melakukan During 2023, MCG issued Surat Kredit
penerbitan Surat Kredit Berdokumen Dalam Berdokumen Dalam Negeri Usance Payable at
Negeri Usance Payable at Sight ("SKBDN Sight ("SKBDN UPAS") and Letter of Credit
UPAS") dan Letter of Credit Usance Payable at Usance Payable at Sight ("LC UPAS") to
Sight ("LC UPAS") kepada berbagai vendor various vendors, totaling to Rp45,600,030,000
sejumlah Rp45.600.030.000 dan dan US$42,527,453 for Ijen Geothermal project.
AS$42.527.453 untuk keperluan proyek PLTP This issuance utilized the MPI's Working Capital
Ijen. Penerbitan ini menggunakan fasilitas Kredit Credit ("WCC") from BNI.
Modal Kerja ("KMK") MPI dari BNI.
Sepanjang Tahun 2023, MCG melakukan During 2023, MCG issued SKBDN UPAS and
penerbitan SKBDN UPAS dan LC UPAS kepada LC UPAS to various vendors, totaling to
berbagai macam vendor sejumlah Rp158,240,793,366 dan US$13,039,227 for Ijen
Rp158.240.793.366 dan AS$13.039.227 untuk Geothermal project. This issuance utilized the
keperluan proyek PLTP Ijen. Penerbitan ini MPI's Non-Cash Loan Facility from BMRI.
menggunakan Fasilitas Kredit Non-Tunai MPI
dari BMRI.
Sepanjang Tahun 2023, MCG melakukan During 2023, MCG issued SKBDN UPAS and
penerbitan SKBDN UPAS dan LC UPAS kepada LC UPAS to various vendors, totaling to
berbagai macam vendor sejumlah Rp229,524,521,773 dan US$7,794,095 for Ijen
Rp229.524.521.773 dan AS$7.794.095 untuk Geothermal project. This issuance utilized the
keperluan proyek PLTP Ijen. Penerbitan ini MPI's Non-Cash Loan Facility from BTN.
menggunakan fasilitas Kredit Non-Tunai MPI
dari BTN.
Sepanjang 2023, MCG mengonfirmasi During 2023, MCG confirmed the document
akseptasi realisasi dokumen SKBDN UPAS dan acceptance of SKBDN UPAS and LC UPAS
LC UPAS kepada berbagai vendor untuk Vendors for its payment amounting to
pembayaran senilai Rp348.494.038.771 dan Rp348,494,038,771 and US$39,587,672.
AS$39.587.672.
2023 Annual Report PT Medco Energi Internasional Tbk 325
167
Page 328
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
28. PINJAMAN BANK (lanjutan) 28. BANK LOANS (continued)
b. Fasilitas yang belum terpakai b. Unused Bank Facilities
Pada tanggal 31 Desember 2023, Grup memiliki As of December 31, 2023, the Group has the
fasilitas kredit bank dan fasilitas umum bank following Unused Bank Credit Facilities and
yang belum terpakai sebagai berikut: General Banking Facility:
Fasilitas yang Tidak Dipakai
Jumlah Fasilitas Pada Tanggal 31 Desember
Bank Fasilitas/Facility Maksimum/ 2023/
Maximum Facility Amount Unused Portion of the Facility
as of December 31, 2023
Fasilitas Umum Bank/General Banking Facility
Standard Chartered Fasilitas Perbankan/ AS$125.000.000/ AS$68.181.373/
Bank, Jakarta Banking Facility US$125,000,000 US$68,181,373
PT Bank Mandiri Fasilitas Non-Cash Loan & AS$192.163.985/ AS$123.097.475/
(Persero) Tbk revolving loan/ US$192,163,985 US$123,097,475
Non-Cash Loan Facility &
Revolving loan
The Hongkong and Fasilitas Perbankan AS$86.000.000/ AS$50.924.252/
Shanghai Banking Korporasi (Letter of Credit, US$86,000,000 US$50,924,252
Corporation Ltd Guarantee and Revolving
Loan)/
Corporate Facility Agreement
(Letter of Credit, Guarantee
and Revolving Loan)
PT Bank Permata Tbk Fasilitas Perbankan/ AS$30.000.000/ AS$30.000.000/
Banking Facility US$30,000,000 US$30,000,000
PT Bank QNB Indonesia Fasilitas Perbankan/ AS$18.000.000/ AS$18.000.000/
(Persero) Tbk Banking Facility US$18,000,000 US$18,000,000
PT Bank Maybank Fasilitas Kredit/ AS$30.000.000/ AS$30.000.000/
Indonesia Tbk Credit Facility US$30,000,000 US$30,000,000
PT Bank Syariah Fasilitas Non-Cash Loan/ AS$10.000.000/ AS$5.636.800/
Indonesia Tbk Non-Cash Loan Facility US$10,000,000 US$5,636,800
Pemberi Pinjaman PT Fasilitas Pembiayaan AS$70.000.000/ AS$62.141.616/
Sarana Multi Infrastruktur Proyek/ US$70,000,000 US$62,141,616
- MCG/ Project Financing Facility
PT Sarana Multi
Infrastruktur Loan Lender
- MCG
Pemberi Pinjaman Perjanjian Sindikasi/ AS$354.000.000/ AS$210.000.000/
Sindikasi MEPM dan Syndication Agreement US$354,000,000 US$210,000,000
MEPTS/
MEPM and MEPTS
Syndication Loan Lender
Pemberi Pinjaman Perjanjian Sindikasi/ AS$350.000.000/ AS$306.000.000/
Sindikasi MEPG/ Syndication Agreement US$350,000,000 US$306,000,000
MEPG Syndication Loan
Lender
PT Bank Negara Fasilitas Perbankan/ AS$60.000.000/ AS$3.177.402/
Indonesia Tbk Banking Facility US$60,000,000 US$3,177,402
PT Bank Tabungan Fasilitas Non-Cash Loan/ AS$55.137.519/ AS$34,338,328/
Negara Tbk Non-Cash Loan Facility US$55,137,519 US$34.338.328
PT Bank Syariah Fasilitas Pembiayaan Proyek AS$96.900.000/ AS$78.073.882/
Indonesia Tbk & Non-Cash Financing/ US$96,900,000 US$78,073,882
Project Financing Facility &
Non-Cash Financing
326 PT Medco Energi Internasional Tbk 2023 Annual Report
168
Page 329
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
29. UTANG JANGKA PANJANG LAINNYA 29. OTHER LONG-TERM DEBTS
2023 2022
Obligasi Rupiah Rupiah Bonds
Obligasi berkelanjutan Rupiah Shelf Registered
Rupiah II: Bonds II:
Tahap III – 1.462.081 Phase III
Tahap IV 454.074 444.981 Phase IV
Obligasi Berkelanjutan Rupiah Shelf Registered
Rupiah III: Bonds III:
Tahap I – 13.826.203 Phase I
Tahap II – 3.019.516 Phase II
Tahap III 30.896.471 95.353.124 Phase III
Obligasi Berkelanjutan Rupiah Shelf Registered
Rupiah IV: Bonds IV:
Tahap I 64.867.670 63.568.750 Phase I
Tahap II 64.867.670 63.568.750 Phase II
Tahap III 194.603.010 190.706.249 Phase III
Obligasi Berkelanjutan Rupiah Shelf Registered
Rupiah V: Bonds V:
Tahap I 64.867.669 – Phase I
Obligasi Rupiah I 16.735.859 20.405.569 Rupiah Shelf Registered I
Sukuk Wakalah Rupiah I 2.789.310 26.508.169 Rupiah Sukuk Wakalah I
Sukuk Wakalah Rupiah II 1.122.211 1.099.739 Rupiah Sukuk Wakalah II
Sukuk Wakalah Rupiah Berkelanjutan I: Rupiah Shelf Registered Sukuk Wakalah I
Tahap I 32.433.835 31.784.375 Phase I
Tahap II 38.920.602 38.141.250 Phase II
Jumlah 512.558.381 549.888.756 Total
Dikurangi diskonto yang belum diamortisasi (2.430.957) (2.513.919) Less unamortized discount
Neto 510.127.424 547.374.837 Net
Dikurangi bagian jangka pendek (87.853.017) (110.623.276) Less current portion
Bagian jangka panjang 422.274.407 436.751.561 Long-term portion
Obligasi Dolar AS* US Dollar Bonds*
Tanggal terbit pada 30 Januari 2018 33.297.000 235.398.000 Issue date on January 30, 2018
Tanggal terbit pada 14 Mei 2019 473.758.000 533.606.000 Issue date on May 14, 2019
Tanggal terbit pada 30 Januari 2020 508.397.000 590.095.000 Issue date on January 30, 2020
Tanggal terbit pada 12 November 2021 299.417.000 384.800.000 Issue date on November 12, 2021
Tanggal terbit pada 27 October 2023 500.000.000 – Issue date on October 27, 2023
Jumlah 1.814.869.000 1.743.899.000 Total
Dikurangi diskonto yang belum diamortisasi (49.796.703) (43.953.029) Less unamortized discount
Neto 1.765.072.297 1.699.945.971 Net
Dikurangi bagian jangka pendek – – Less current portion
Bagian jangka panjang 1.765.072.297 1.699.945.971 Long-term portion
Pinjaman dari instansi Loans from non-bank
keuangan non-bank financial institutions
PT Sarana Multi Infrastruktur 24.602.351 19.746.043 PT Sarana Multi Infrastruktur
PT Mandiri Tunas Finance 48.129 79.050 PT Mandiri Tunas Finance
Jumlah 24.650.480 19.825.093 Total
Dikurangi bagian jangka pendek (3.438.090) (3.369.245) Less current portion
Bagian jangka panjang 21.212.390 16.455.848 Long-term portion
*) Jumlah pokok yang beredar termasuk Obligasi yang telah dibeli *) The principal amount outstanding include Bonds that have been
kembali. repurchased.
2023 Annual Report PT Medco Energi Internasional Tbk 327
169
Page 330
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
29. UTANG JANGKA PANJANG LAINNYA (lanjutan) 29. OTHER LONG-TERM DEBTS (continued)
Informasi lain mengenai utang jangka panjang Further information relating to other long-term debts
lainnya adalah sebagai berikut: are as follows:
Kupon
Utang Jangka
Pokok/ Peringkat/ Terdaftar/ Jatuh Tempo/ per tahun/ Jaminan/
Panjang/
Principal Rating Listed Maturity Coupon Security
Long-Term Debt
per annum
Perusahaan/The Company
Obligasi Seri A PT Pemeringkat Efek Bursa Efek Indonesia/ Desember 2019/ 10,80% Terutang Obligasi ini tidak dijamin
Berkelanjutan Rupiah Rp246.000.000.000 Indonesia Indonesia December 2019 setiap kuartal/ dengan agunan khusus/
II Tahap III dengan dilanjutkan dengan (PEFINDO) : AA- Stock Exchange Telah dilunasi pada 10.80% Payable These bonds are
tanggal terbit 21 transaksi swap (2022) Desember 2019/ quarterly
unsecured.
Desember 2016/ menjadi Has been fully
Rupiah Shelf AS$18.512.944/ repaid in
Registered Bonds II Tranche A December 2019
Phase III with issue Rp246,000,000,000
date on December and Desember 2021/ 11,30% Terutang
21, 2016 swapped into December 2021 setiap kuartal/
US$18,512,944 Telah dilunasi pada 11.30% Payable
Desember 2021/ quarterly
Seri B Has been fully
Rp5.000.000.000/ repaid in
Tranche B December 2021
Rp5,000,000,000 Desember 2023/ 11,80% Terutang
December 2023 setiap kuartal/
Seri C Telah dilunasi pada 11.80% Payable
Rp23.000.000.000/ Desember 2023/ quarterly
Tranche C Has been fully
Rp23,000,000,000 repaid in
December 2023
Obligasi Seri A PT Pemeringkat Efek Bursa Efek Indonesia/ Maret 2020/ 10,80% Terutang Obligasi ini tidak dijamin
Berkelanjutan Rupiah Rp380.000.000.000 Indonesia Indonesia March 2020 setiap kuartal/ dengan agunan khusus/
II Tahap IV dengan dilanjutkan dengan (PEFINDO) : AA- Stock Exchange Telah dilunasi pada 10.80% Payable These bonds are
tanggal terbit 30 transaksi swap (2022) Maret 2020/ quarterly unsecured.
Maret 2017/ menjadi Has been fully
Rupiah Shelf AS$28.539.241/ repaid in
Registered Bonds II Tranche A March 2020
Phase IV with issue Rp380,000,000,000
date on March 30, and
Maret 2022/ 11,30% Terutang
2017 swapped into
March 2022 setiap kuartal/
US$28,539,241
Telah dilunasi pada 11.30% Payable
Maret 2022/ quarterly
Seri B
Rp1.000.000.000/ Has been fully repaid
Tranche B in
Rp1,000,000,000 March 2022
11,80% Terutang
Seri C Maret 2024/ setiap kuartal/
Rp7.000.000.000/ March 2024
Tranche C 11.80% Payable
Rp7,000,000,000 quarterly
Obligasi Seri B PT Pemeringkat Efek Bursa Efek Indonesia/ Juni 2020/ 10,80% Terutang Obligasi ini tidak dijamin
Berkelanjutan Rupiah Rp269.500.000.000 Indonesia Indonesia June 2020 setiap kuartal/ dengan agunan khusus/
II Tahap V dengan dilanjutkan dengan (PEFINDO) : A+ Stock Exchange 10.80% Payable These bonds are
tanggal terbit 14 Juni transaksi swap (2021) quarterly unsecured.
Telah dilunasi pada
2017/ menjadi
Juni 2020/
Rupiah Shelf AS$20.278.405/
Has been fully
Registered Bonds II Tranche B
repaid in
Phase V with issue Rp269,500,000,000
June 2020
date on June 14, and
2017 swapped into
US$20,278,405
Juni 2022/ 11,30% Terutang
Seri C
June 2022 setiap kuartal/
Rp753.500.000.000
dilanjutkan dengan 11.30% Payable
transaksi swap Telah dilunasi pada quarterly
menjadi Maret 2022/
AS$56.696.764/ Has been fully
Tranche C repaid in
Rp753,500,000,000 March 2022
and
swapped into
US$56,696,764
328 PT Medco Energi Internasional Tbk 2023 Annual Report
170
Page 331
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
29. UTANG JANGKA PANJANG LAINNYA (lanjutan) 29. OTHER LONG-TERM DEBTS (continued)
Kupon
Utang Jangka
Pokok/ Peringkat/ Terdaftar/ Jatuh Tempo/ per tahun/ Jaminan/
Panjang/
Principal Rating Listed Maturity Coupon Security
Long-Term Debt
per annum
Perusahaan/The Company (lanjutan/continued)
Obligasi Seri A PT Pemeringkat Efek Bursa Efek Indonesia/ Maret 2021/ 10,30% Terutang Obligasi ini tidak dijamin
Berkelanjutan Rupiah Rp415.000.000.000 Indonesia Indonesia March 2021 setiap kuartal/ dengan agunan khusus/
II Tahap VI dengan dilanjutkan dengan (PEFINDO) : A+ Stock 10.30% Payable These bonds are
tanggal terbit 28 transaksi swap (2021) Exchange Telah dilunasi pada quarterly unsecured.
September 2017/ menjadi November 2020/
Rupiah Shelf AS$31.109.445/ Has been fully
Registered Bonds II Tranche A repaid in November
Phase VI with issue Rp415,000,000,000 2020
date on September and
28, 2017 swapped into
US$31,109,445
September 2022/ 10,80% Terutang
Seri B September 2022 setiap kuartal/
Rp151.500.000.000 10.80% Payable
dilanjutkan dengan Telah dilunasi pada quarterly
transaksi swap Maret 2022/
menjadi Has been fully
AS$11.356.822/ repaid in
Tranche B March 2022
Rp151,500,000,000
and
swapped into
US$11,356,822
Obligasi Seri A PT Pemeringkat Efek Bursa Efek Indonesia/ Maret 2021/ 8,75% Terutang setiap Obligasi ini tidak dijamin
Berkelanjutan Rupiah Rp282.500.000.000 Indonesia Indonesia March 2021 kuartal/ dengan agunan khusus/
III Tahap I dengan dilanjutkan dengan (PEFINDO) : AA- Stock Exchange 8.75% Payable These bonds are
tanggal terbit 29 transaksi swap (2022) Telah dilunasi pada quarterly unsecured.
Maret 2018/ menjadi Maret 2021/
Rupiah Shelf AS$20.537.986/ Has been fully
Registered Bonds III Tranche A repaid in March 2021
Phase I with issue Rp282,500,000,000
date on March 29, and swapped into Maret 2023/
2018 US$20,537,986 9,15% Terutang setiap
March 2023
kuartal/
9.15% Payable
Seri B Telah dilunasi pada quarterly
Rp217.500.000.000 Maret 2023/
dilanjutkan dengan Has been fully
transaksi swap repaid in March 2023
menjadi
AS$15.812.432/
Tranche B
Rp217,500,000,000
and swapped into
US$15,812,432
Obligasi Seri A PT Pemeringkat Efek Bursa Efek Indonesia/ September 2021/ 10,0% Terutang setiap Obligasi ini tidak dijamin
Berkelanjutan Rupiah Rp1.155.150.000.000 Indonesia Indonesia September 2021 kuartal/ dengan agunan khusus/
III Tahap II dengan dilanjutkan dengan (PEFINDO) : AA- Stock Exchange 10.0% Payable These bonds are
tanggal terbit 28 transaksi swap (2022) Telah dilunasi pada quarterly unsecured.
September 2018/ menjadi November 2020/
Rupiah Shelf AS$77.329.629/ Has been fully
Registered Bonds III Tranche A repaid in November
Phase II with issue Rp1,155,150,000,000 2020
date on September and swapped into
28, 2018 US$77,329,629
September 2023/
Seri B September 2023 10,75% Terutang
Rp47.500.000.000 setiap kuartal/
dilanjutkan dengan Telah dilunasi pada 10.75% Payable
transaksi swap September 2023/ quarterly
menjadi Has been fully
AS$3.179.810/ repaid in September
Tranche B 2023
Rp47,500,000,000
and swapped into
US$3,179,810
2023 Annual Report PT Medco Energi Internasional Tbk 329
171
Page 332
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
29. UTANG JANGKA PANJANG LAINNYA (lanjutan) 29. OTHER LONG-TERM DEBTS (continued)
Kupon
Utang Jangka
Pokok/ Peringkat/ Terdaftar/ Jatuh Tempo/ per tahun/ Jaminan/
Panjang/
Principal Rating Listed Maturity Coupon Security
Long-Term Debt
per annum
Perusahaan/The Company
Obligasi Seri A PT Pemeringkat Efek Bursa Efek Indonesia/ Februari 2023/ 8,90% Obligasi ini tidak dijamin
Berkelanjutan Rupiah Rp1.023.700.000.000 Indonesia Indonesia February 2023 Terutang setiap dengan agunan khusus/
III Tahap III dengan dilanjutkan dengan (PEFINDO) : AA- Stock kuartal/ These bonds are
tanggal terbit 20 transaksi swap (2022) Exchange Telah dilunasi pada 8.90% unsecured.
Februari 2020/ menjadi Februari 2023/ Payable
Rupiah Shelf AS$74.695.367/ Has been fully quarterly
Registered Bonds III Tranche A repaid in February
Phase III with issue Rp1,023,700,000,000 2023
date on February 20, and swapped into
2020 US$74,695,367
Februari 2025/ 9,30% Terutang setiap
Seri B February 2025 kuartal/
Rp476.300.000.000 9.30% Payable
dilanjutkan dengan quarterly
transaksi swap
menjadi
AS$34.753.740/
Tranche B
Rp476,300,000,000
and swapped into
US$34,753,740
Obligasi Seri A PT Pemeringkat Efek Bursa Efek Indonesia/ September 2024/ 7,75% Terutang setiap Obligasi ini tidak dijamin
Berkelanjutan Rupiah Rp400.000.000.000 Indonesia Indonesia September 2024 kuartal/ dengan agunan khusus/
IV Tahap I dengan dilanjutkan dengan (PEFINDO) : AA- Stock 7.75% Payable These bonds are
tanggal terbit 9 transaksi swap (2022) Exchange quarterly unsecured.
September 2021/ menjadi
Rupiah Shelf AS$28.070.175/
Registered Bonds IV Tranche A
Phase I with issue Rp400,000,000,000 September 2026/ 8,50% Terutang setiap
date on September 9, and swapped into September 2026 kuartal/
2021 US$28,070,175 8.50% Payable
quarterly
Seri B
Rp600.000.000.000
dilanjutkan dengan
transaksi swap
menjadi
AS$42.072.057/
Tranche B
Rp600,000,000,000
and swapped into
US$42,072,057
Obligasi Seri A PT Pemeringkat Efek Bursa Efek Indonesia/ November 2024/ 7,75% Terutang setiap Obligasi ini tidak dijamin
Berkelanjutan Rupiah Rp941.805.000.000 Indonesia Indonesia November 2024 kuartal/ dengan agunan khusus/
IV Tahap II dengan dilanjutkan dengan (PEFINDO) : AA- Stock 7.75% Payable These bonds are
tanggal terbit 23 transaksi swap (2022) Exchange quarterly unsecured.
November 2021/ menjadi
Rupiah Shelf AS$66.161.231/
Registered Bonds IV Tranche A
Phase II with issue Rp941,805,000,000 November 2026/
date on November and swapped into November 2026
23, 2021 US$66,161,231 8,50% Terutang setiap
kuartal/
Seri B 8.50% Payable
Rp58.195.000.000 quarterly
dilanjutkan dengan
transaksi swap
menjadi
AS$4.089.599/
Tranche B
Rp58,195,000,000
and swapped into
US$4,089,599
330 PT Medco Energi Internasional Tbk 2023 Annual Report
172
Page 333
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
29. UTANG JANGKA PANJANG LAINNYA (lanjutan) 29. OTHER LONG-TERM DEBTS (continued)
Kupon
Utang Jangka
Pokok/ Peringkat/ Terdaftar/ Jatuh Tempo/ per tahun/ Jaminan/
Panjang/
Principal Rating Listed Maturity Coupon Security
Long-Term Debt
per annum
Perusahaan/The Company (lanjutan/continued)
Obligasi Seri A PT Pemeringkat Efek Bursa Efek Indonesia/ Juli 2025/ 7,00% Terutang setiap Obligasi ini tidak dijamin
Berkelanjutan Rupiah Rp1.892.315.000.000 Indonesia Indonesia July 2025 kuartal/ dengan agunan khusus/
IV Tahap III dengan dilanjutkan dengan (PEFINDO) : AA- Stock 7.00% Payable These bonds are
tanggal terbit 26 Juli transaksi swap (2022) Exchange quarterly unsecured.
2022/ menjadi
Rupiah Shelf AS$126.407.148/
Registered Bonds IV Tranche A
Phase III with issue Rp1,892,315,000,000
date on July 26, 2022 and swapped into
US$126,407,148 Juli 2027/ 8,10% Terutang setiap
July 2027 kuartal/
Seri B
8.10% Payable
Rp521.415.000.000
quarterly
dilanjutkan dengan
transaksi swap
menjadi
AS$34.737.841/
Tranche B
Juli 2029/ 9,00% Terutang setiap
Rp521,415,000,000
July 2029 kuartal/
and swapped into
9.00% Payable
US$34,737,841
quarterly
Seri C
Rp586.270.000.000
dilanjutkan dengan
transaksi swap
menjadi
AS$39.058.628/
Tranche C
Rp586,270,000,000
and swapped into
US$39,058,628
Obligasi Seri A PT Pemeringkat Efek Bursa Efek Indonesia/ Juli 2026/ 6,95% Terutang setiap Obligasi ini tidak dijamin
Berkelanjutan Rupiah Rp150.000.000.000 Indonesia Indonesia July 2026 kuartal/ dengan agunan khusus/
V Tahap I dengan dilanjutkan dengan (PEFINDO) : AA- Stock 6.95% Payable These bonds are
tanggal terbit 7 Juli transaksi swap (2023) Exchange quarterly unsecured.
2023/ menjadi
Rupiah Shelf AS$10.000.000/
Registered Bonds V Tranche A
Phase I with issue Rp150,000,000,000
date on July 7, 2023 and swapped into
US$10,000,000 Juli 2028/ 7,30% Terutang setiap
July 2028 kuartal/
Seri B 7.30% Payable
Rp260.000.000.000 quarterly
dilanjutkan dengan
transaksi swap
menjadi
AS$17.333.333/
Tranche B
Rp260,000,000,000 Juli 2030/ 8,15% Terutang setiap
and swapped into July 2030 kuartal/
US$17,333,333 8.15% Payable
quarterly
Seri C
Rp590.000.000.000
dilanjutkan dengan
transaksi swap
menjadi
AS$39.333.333/
Tranche C
Rp590,000,000,000
and swapped into
US$39,333,333
2023 Annual Report PT Medco Energi Internasional Tbk 331
173
Page 334
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
29. UTANG JANGKA PANJANG LAINNYA (lanjutan) 29. OTHER LONG-TERM DEBTS (continued)
Kupon
Utang Jangka
Pokok/ Peringkat/ Terdaftar/ Jatuh Tempo/ per tahun/ Jaminan/
Panjang/
Principal Rating Listed Maturity Coupon Security
Long-Term Debt
per annum
Medco Power Indonesia
Obligasi Rupiah I Seri A PT Pemeringkat Efek Bursa Efek Juli 2021/ 9,75% Terutang setiap Obligasi ini tidak dijamin
dengan tanggal terbit Rp279.000.000.000/ Indonesia Indonesia/ July 2021 kuartal/ dengan agunan khusus/
4 Juli 2018/ Tranche A (PEFINDO) : A (2023) Indonesia 9.75% Payable These bonds are
Rupiah Shelf Rp279,000,000,000 Stock Exchange Telah dilunasi pada quarterly unsecured.
Registered Bonds I Juli 2021/
with issue date on Has been fully repaid
July 4, 2018 Seri B in July 2021
Rp63.000.000.000/
Tranche B
Rp63,000,000,000
Juli 2023/ 10,25% Terutang
July 2023 setiap kuartal/
Seri C 10.25% Payable
Rp258.000.000.000/ Telah dilunasi pada quarterly
Tranche C Juli 2023/
Rp258,000,000,000 Has been fully repaid
in July 2023
10,75% Terutang
Juli 2025/ setiap kuartal/
July 2025 10.75% Payable
quarterly
Sukuk Wakalah Seri A PT Pemeringkat Efek Bursa Efek Indonesia/ Juli 2021/ 9,75% Terutang setiap Obligasi ini tidak dijamin
Rupiah I dengan Rp153.000.000.000/ Indonesia Indonesia July 2021 kuartal/ dengan agunan khusus/
tanggal terbit 4 Juli Tranche A (PEFINDO) : A (sy) Stock Exchange 9.75% Payable These bonds are
2018/ Rp153,000,000,000 (2023) Telah dilunasi pada quarterly unsecured.
Rupiah Sukuk Juli 2021/
Wakalah I with issue Has been fully repaid
date on July 4, 2018 in July 2021
Seri B Juli 2023/
Rp404.000.000.000/ 10,25% Terutang
July 2023
Tranche B setiap kuartal/
Rp404,000,000,000 10.25% Payable
Telah dilunasi pada
quarterly
Juli 2023/
Has Been fully repaid
in July 2023
Seri C Juli 2025/
Rp43.000.000.000/ 10,75% Terutang
July 2025
Tranche C setiap kuartal/
Rp43,000,000,000 10.75% Payable
quarterly
Sukuk Wakalah Seri A PT Pemeringkat Efek Bursa Efek Indonesia/ Mei 2022/ 10,00% Terutang Obligasi ini tidak dijamin
Rupiah II dengan Rp832.700.000.000/ Indonesia Indonesia May 2022 setiap kuartal/ dengan agunan khusus/
tanggal terbit 23 Mei Tranche A (PEFINDO) : A (sy) Stock Exchange 10.00% Payable These bonds are
2019/ Rp832,700,000,000 (2023) Telah dilunasi pada quarterly unsecured.
Rupiah Sukuk Mei 2022/
Wakalah II with issue Has been fully repaid
date on May 23, 2019 in May 2022
Seri B
Rp7.000.000.000/
Tranche B Mei 2024/ 10,55% Terutang
Rp7,000,000,000 May 2024 setiap kuartal/
10.55% Payable
quarterly
Seri C
Rp10.300.000.000/
Tranche C
Rp10,300,000,000 Mei 2026/
May 2026
11,10% Terutang
setiap kuartal/
11.10% Payable
quarterly
332 PT Medco Energi Internasional Tbk 2023 Annual Report
174
Page 335
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
29. UTANG JANGKA PANJANG LAINNYA (lanjutan) 29. OTHER LONG-TERM DEBTS (continued)
Kupon
Utang Jangka
Pokok/ Peringkat/ Terdaftar/ Jatuh Tempo/ per tahun/ Jaminan/
Panjang/
Principal Rating Listed Maturity Coupon Security
Long-Term Debt
per annum
Medco Power Indonesia (lanjutan/continued)
Sukuk Wakalah Seri A PT Pemeringkat Efek Bursa Efek Indonesia/ Agustus 2025/ 8,00% Terutang setiap Obligasi ini tidak dijamin
Berkelanjutan Rupiah Rp280.000.000.000/ Indonesia Indonesia August 2025 kuartal/ dengan agunan khusus/
I Tahap I dengan Tranche A (PEFINDO) : A (sy) Stock Exchange 8.00% Payable These bonds are
tanggal terbit 4 Rp280,000,000,000 (2023) quarterly unsecured.
Agustus 2022/ Agustus 2027/
Rupiah Shelf August 2027
Registered Sukuk Seri B 9,25% Terutang setiap
Wakalah I Phase I Rp220.000.000.000/ kuartal/
with issue date on Tranche B 9.25% Payable
August 4, 2022 Rp220,000,000,000 quarterly
Sukuk Wakalah Seri A PT Pemeringkat Efek Bursa Efek Indonesia/ Desember 2025/ 9,00% Terutang setiap Obligasi ini tidak dijamin
Berkelanjutan Rupiah Rp469.690.000.000/ Indonesia Indonesia December 2025 kuartal/ dengan agunan khusus/
I Tahap II dengan Tranche A (PEFINDO) : A (sy) Stock Exchange 9.00% Payable These bonds are
tanggal terbit 30 Rp469,690,000,000 (2023) quarterly unsecured.
Desember 2022/ Desember 2027/
Rupiah Shelf December 2027
Registered Sukuk Seri B 9,50% Terutang setiap
Wakalah I Phase II Rp130.310.000.000/ kuartal/
with issue date on Tranche B 9.50% Payable
December 30, 2022 Rp130,310,000,000 quarterly
Medco Platinum Road Pte Ltd
Obligasi Dolar AS AS$500.000.000/ Moody’s Investor Singapore Exchange Januari 2025/ 6,75% Obligasi ini dijamin
dengan tanggal terbit US$500,000,000 Service : B1 (2022) Securities Trading January 2025 Terutang setiap tanpa syarat oleh
30 Januari 2018/ Fitch Ratings : B+ Limited setengah tahun/ Perusahaan dan entitas
US Dollar Bonds with (2022) 6.75% anak tertentu/
issue date on January Standard & Poor’s Payable semi- These bonds are
30, 2018 Rating Services : B+ annually unconditionally
(2022) guaranteed by the
Company and certain
subsidiaries.
Medco Oak Tree Pte Ltd
Obligasi Dolar AS AS$650.000.000/ Moody’s Investor Singapore Exchange Mei 2026/ 7,375% Obligasi ini dijamin
dengan tanggal terbit US$650,000,000 Service : B1 (2022) Securities Trading May 2026 Terutang tanpa syarat oleh
14 Mei 2019/ Fitch Ratings : B+ Limited Setiap Perusahaan dan entitas
US Dollar Bonds with (2022) Setengah anak tertentu/
issue date on May 14, Standard & Poor’s tahun/ These bonds are
2019 Rating Services : B+ 7.375% unconditionally
(2022) Payable guaranteed by the
semi-annually Company and certain
subsidiaries.
2023 Annual Report PT Medco Energi Internasional Tbk 333
175
Page 336
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
29. UTANG JANGKA PANJANG LAINNYA (lanjutan) 29. OTHER LONG-TERM DEBTS (continued)
Kupon
Utang Jangka
Pokok/ Peringkat/ Terdaftar/ Jatuh Tempo/ per tahun/ Jaminan/
Panjang/
Principal Rating Listed Maturity Coupon Security
Long-Term Debt
per annum
Medco Bell Pte Ltd
Obligasi Dolar AS AS$650.000.000/ Moody’s Investor Singapore Exchange Januari 2027/ 6,375% Obligasi ini dijamin
dengan tanggal terbit US$650,000,000 Service : B1 (2022) Securities Trading January 2027 Terutang tanpa syarat oleh
30 Januari 2020/ Fitch Ratings : B+ Limited setiap Perusahaan dan entitas
US Dollar Bonds with (2022) setengah anak tertentu/
issue date on January Standard & Poor’s tahun/ These bonds are
30, 2020 Rating Services : B+ 6.375% unconditionally
(2022) Payable guaranteed by the
semi-annually Company and certain
subsidiaries.
Medco Laurel Tree Pte Ltd
Obligasi Dolar AS AS$400.000.000/ Moody’s Investor Singapore Exchange November 2028/ 6,95% Obligasi ini dijamin
dengan tanggal terbit US$400,000,000 Service : B1 (2022) Securities Trading November 2028 Terutang tanpa syarat oleh
12 November 2021/ Fitch Ratings : B+ Limited setiap Perusahaan dan entitas
US Dollar Bonds with (2022) setengah anak tertentu/
issue date on Standard & Poor’s tahun/ These bonds are
November 12, 2021 Rating Services : B+ 6.95% unconditionally
(2022) Payable guaranteed by the
semi-annually Company and certain
subsidiaries.
Medco Maple Tree Pte Ltd
Obligasi Dolar AS AS$500.000.000/ Moody’s Investor Singapore Exchange April 2029/ 8,96% Obligasi ini dijamin
dengan tanggal terbit US$500,000,000 Service : B1 (2023) Securities Trading April 2029 Terutang tanpa syarat oleh
27 Oktober 2023/ Fitch Ratings : B+ Limited setiap Perusahaan dan entitas
US Dollar Bonds with (2023) setengah anak tertentu/
issue date on October Standard & Poor’s tahun/ These bonds are
27, 2023 Rating Services : B+ 8.96% unconditionally
(2023) Payable guaranteed by the
semi-annually Company and certain
subsidiaries.
Kreditur/Lenders Tanggal efektif pinjaman/ Jadwal pelunasan/
Jaminan/Security
Loan effectivity date Repayment Schedule
PT Medco Power Indonesia
PT Mandiri Tunas Finance April 2021/ April 2026/ Fasilitas ini dijamin dengan kendaraan
April 2021 April 2026 yang diperoleh/
Fasilitas Pembiayaan Investasi/ This facility is collateralized by acquired
Investment Financing Facility vehicles.
PT Sarana Multi Infrastruktur (Persero) Agustus 2022/ Maret 2026/ Fasilitas ini tidak dijamin dengan agunan
August 2022 March 2026 khusus/
Fasilitas Musyarakah/ This facility is unsecured.
Musyarakah Facility
PT Medco Cahaya Geothermal
PT Sarana Multi Infrastruktur (Persero) Januari 2023/ Januari 2043/ Fasilitas ini dijamin dengan seluruh asset
January 2023 January 2043 proyek, hak atas piutang, dan seluruh
Fasilitas Pembiayaan Proyek/ gadai saham dalam proyek/
Project Financing Facility This facility is collateralized by all of the
project’s assets, rights over receivables on
the project, and a pledge of all shares in
the project.
334 PT Medco Energi Internasional Tbk 2023 Annual Report
176
Page 337
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
29. UTANG JANGKA PANJANG LAINNYA (lanjutan) 29. OTHER LONG-TERM DEBTS (continued)
Berdasarkan syarat-syarat dan kondisi-kondisi dari Under the terms and conditions of the long-term
perjanjian sehubungan dengan kewajiban jangka obligations, the Group is subject to various
panjang tersebut, Grup harus mematuhi covenants, among others, obtaining approval from
pembatasan tertentu, antara lain memperoleh the lenders/designated trustees prior to undertaking
persetujuan dari pemberi pinjaman/wali amanat certain actions such as: mergers or acquisitions,
yang ditunjuk sebelum melakukan tindakan- reducing the authorized, issued and fully paid
tindakan seperti: merger atau akuisisi, mengurangi capital stock of the Company, changing the main
modal dasar, diterbitkan dan disetor penuh dari business activities of the Company; restrictions on
modal saham Perusahaan, mengubah bisnis utama granting loans to third parties, pledging and
Perusahaan; pembatasan atas pemberian pinjaman transferring the Company’s assets, issuing senior
kepada pihak ketiga, menjaminkan dan debt, filing for bankruptcy or delaying loan
mengalihkan aset Perusahaan, menerbitkan payments prior to the payment of bond interest and
obligasi senior, mengajukan permintaan bangkrut principal, and declaring and paying dividends in
atau penundaan pembayaran pinjaman sebelum excess of a certain percentage of consolidated net
pembayaran pokok dan bunga obligasi, dan income and requirement to comply with certain
mengumumkan dan membayar dividen melebihi financial ratios.
persentase tertentu dari laba neto konsolidasian
dan harus memenuhi rasio keuangan tertentu.
a. Pembatasan-pembatasan atas Pinjaman a. Debt covenants
Pada tanggal 31 Desember 2023 dan 2022, As of December 31, 2023 and 2022, in
manajemen berpendapat, bahwa Grup management's opinion, the Group is in
mematuhi pembatasan atas semua liabilitas compliance with the covenants of all long-term
jangka panjang. obligations.
Manajemen menyatakan bahwa selama periode Management represented that during the
pelaporan dan sampai pada tanggal reporting periods and as of the completion date
penyelesaian laporan keuangan konsolidasian, of the consolidated financial statements, the
Grup tidak pernah mengalami kondisi gagal Group has never defaulted on paying its
bayar atas obligasi yang telah jatuh tempo. maturing bonds.
Pada tanggal 31 Desember 2023 dan 2022, As of December 31, 2023 and 2022, the Group
Grup telah memenuhi semua rasio keuangan has complied with all financial ratios required to
yang dipersyaratkan dalam perjanjian. be maintained under the agreements.
b. Wali Amanat b. Trustees
Grup telah menunjuk Wali Amanat sebagai The Group engaged Trustees to act as the
perantara antara Grup dengan Pemegang intermediaries between the Group and the
Obligasi. Adapun Wali Amanat untuk Obligasi Bondholders. The Trustee for Shelf Registered
Berkelanjutan Rupiah II Tahap I, II, III, IV, V dan Rupiah Bonds II Phase I, II, III, IV, V and VI,
VI, Obligasi Berkelanjutan Rupiah III Tahap I Shelf Registered Rupiah Bonds III Phase I and
dan Obligasi Berkelanjutan Rupiah V Tahap I Shelf Registered Rupiah Bonds V Phase I is PT
adalah PT Bank Mega Tbk. Untuk Obligasi Bank Mega Tbk. For Shelf Registered Rupiah
Berkelanjutan Rupiah III Tahap II, III dan Bonds III Phase II, III and Shelf Registered
Obligasi Berkelanjutan Rupiah IV Tahap I, II dan Rupiah Bonds IV Phase I, II and III, The Group
III, Grup menunjuk PT Bank Rakyat Indonesia has appointed PT Bank Rakyat Indonesia
(Persero) Tbk sebagai Wali Amanat. Grup juga (Persero) Tbk as the Trustee. The Group has
telah menunjuk The Bank of New York Mellon also appointed The Bank of New York Mellon
Corporation sebagai Wali Amanat untuk Corporation to act as Trustee for its US Dollar
Obligasi Dolar AS. Adapun untuk Obligasi Bonds. For Shelf Registered Rupiah Bonds I
Rupiah I dan Sukuk Wakalah Rupiah I dan II PT and Rupiah Sukuk Wakalah I and II of PT
Medco Power Indonesia, Grup telah menunjuk Medco Power Indonesia, the Group has
PT Bank Mega Tbk sebagai Wali Amanat. appointed PT Bank Mega Tbk to act as Trustee.
2023 Annual Report PT Medco Energi Internasional Tbk 335
177
Page 338
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
29. UTANG JANGKA PANJANG LAINNYA (lanjutan) 29. OTHER LONG-TERM DEBTS (continued)
c. Lain-lain c. Others
Obligasi Rupiah Rupiah Shelf Registered Bonds
Perusahaan The Company
Pada tanggal 11 Maret 2022, Perusahaan telah On March 11, 2022, the Company has
melaksanakan Rapat Umum Pemegang conducted General Meeting of Bondholders
Obligasi (“RUPO”) dengan agenda utama untuk (“RUPO”) with main agenda to approve
menyetujui perubahan pembayaran pokok amendment of principal repayment date of
obligasi yang jatuh tempo pada tahun 2022. bonds that matured in 2022. The bondholders
Pemegang obligasi setuju atas pengajuan approved the agenda that Company proposed
agenda yang diajukan oleh Perusahaan untuk for the following series of bonds :
seri obligasi sebagai berikut :
• Obligasi Rupiah Berkelanjutan II Tahap V • Rupiah Shelf Registered Bonds II Phase V
Tahun 2017 Seri C 2017 Tranche C
• Obligasi Rupiah Berkelanjutan II Tahap VI • Rupiah Shelf Registered Bonds II Phase VI
Tahun 2017 Seri B 2017 Tranche B
Percepatan pelunasan kedua seri obligasi Early repayment of these two series of Bonds
tersebut telah dilakukan pada tanggal was completed on March 25, 2022 and has
25 Maret 2022 dan telah mengakhiri terminated the Cross Currency Swap (“CCS”)
“Pertukaran Silang Mata Uang” (“CCS”) terkait linked to these bonds.
dengan obligasi tersebut.
Pada tanggal 29 Maret 2022, Perusahaan telah On March 29, 2022, the Company fully repaid
melunasi Obligasi Berkelanjutan Rupiah II Rupiah Shelf Registered Bonds II Phase IV
Tahap IV Seri B sebesar Rp1.000.000.000. Tranche B for Rp1,000,000,000. The final
Penyelesaian akhir “Pertukaran Silang Mata settlement for the Cross Currency Swap
Uang” (“CCS”) terkait obligasi ini juga telah (“CCS”) transaction related to this bonds has
diselesaikan. been completed.
Pada tanggal 26 Juli 2022, Perusahaan On July 26, 2022, the Company issued a Shelf
menerbitkan Obligasi Berkelanjutan Rupiah Registered Rupiah Bond for
sebesar Rp3.000.000.000.000 (“PUB IV Tahap Rp3,000,000,000,000 (“PUB IV Phase III”)
III”) yang terbagi dalam tiga seri yaitu: consisting of three tranches:
• Seri A sebesar Rp1.892.315.000.000 • Tranche A Rp1,892,315,000,000 with 3-year
dengan tenor 3 tahun tenor
• Seri B sebesar Rp521.415.000.000 dengan • Tranche B Rp521,415,000,000 with 5-year
tenor 5 tahun tenor
• Seri C sebesar Rp586.270.000.000 dengan • Tranche C Rp586,270,000,000 with 7-year
tenor 7 tahun tenor
Perusahaan juga telah melakukan transaksi The Company has also entered into a “Cross
“Pertukaran Silang Mata Uang” (“CCS”) untuk Currency Swap” (“CCS”) to transform Rupiah
mengubah liabilitas Rupiah menjadi Dolar AS di liabilities to US Dollar in which the Company will
mana Perusahaan akan membayar suku bunga pay fixed US Dollar interest rate and receive
tetap dalam Dolar AS dan menerima suku fixed Rupiah interest rate.
bunga tetap dalam Rupiah.
Pada tanggal 20 Februari 2023, Perusahaan On Febuary 20, 2023, the Company has fully
telah melunasi Obligasi Berkelanjutan Rupiah III repaid Rupiah Shelf Registered Bonds III Phase
Tahap III Seri A sebesar Rp1.023.700.000.000. III Tranche A with amount of
Rp1,023,700,000,000.
Pada tanggal 29 Maret 2023, Perusahaan telah On March 29, 2023, the Company has fully
melunasi Obligasi Berkelanjutan Rupiah III repaid Rupiah Shelf Registered Bonds III Phase
Tahap I Seri B sebesar Rp217.500.000.000. I Tranche B with amount of Rp217,500,000,000.
336 PT Medco Energi Internasional Tbk 2023 Annual Report
178
Page 339
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
29. UTANG JANGKA PANJANG LAINNYA (lanjutan) 29. OTHER LONG-TERM DEBTS (continued)
c. Lain-lain (lanjutan) c. Others (continued)
Obligasi Rupiah (lanjutan) Rupiah Shelf Registered Bonds (continued)
Perusahaan (lanjutan) The Company (continued)
Pada tanggal 21 Desember 2023, Perusahaan On December 21, 2023, the Company has fully
telah melunasi Obligasi Berkelanjutan Rupiah II repaid Rupiah Shelf Registered Bonds II Phase
Tahap III Seri C sebesar Rp23.000.000.000. III Tranche C with amount of Rp23,000,000,000.
Pada tanggal 7 Juli 2023, Perusahaan On July 7, 2023, the Company issued a Shelf
menerbitkan Obligasi Berkelanjutan Rupiah Registered Rupiah Bond for
sebesar Rp1.000.000.000.000 ("PUB V Tahap Rp 1,000,000,000,000 ("PUB V Tranche I")
I") yang terbagi dalam tiga seri yaitu: consisting of three tranches:
• Seri A sebesar Rp150.000.000.000 dengan • Tranche A amounting Rp150,000,000,000
tenor 3 tahun; with 3-year tenor;
• Seri B sebesar Rp260.000.000.000 dengan • Tranche B amounting Rp260,000,000,000
tenor 5 tahun; with 5-year tenor;
• Seri C sebesar Rp590.000.000.000 dengan • Tranche C amounting Rp590,000,000,000
tenor 7 tahun. with 7-year tenor.
Perusahaan juga telah melakukan transaksi The Company has also entered into a “Cross
“Pertukaran Silang Mata Uang” (“CCS”) untuk Currency Swap” (“CCS”) for the Rupiah
mengubah liabilitas Rupiah menjadi Dolar AS di liabilities to US Dollar in which the Company will
mana Perusahaan akan membayar suku bunga pay fixed US Dollar interest rate and receive
tetap dalam Dolar AS dan menerima suku fixed Rupiah interest rate.
bunga tetap dalam Rupiah.
Pada tanggal 28 September 2023, Perusahaan On September 28, 2023, the Company has fully
telah melunasi Obligasi Berkelanjutan Rupiah III repaid Rupiah Shelf Registered Bonds III Phase
Tahap II Seri B sebesar Rp47.500.000.000. II Tranche B with amount of Rp47,500,000,000.
PT Medco Power Indonesia (“MPI”) dan Entitas PT Medco Power Indonesia (“MPI”) and
Anak Subsidiaries
Pada tanggal 4 Juli 2023, MPI melakukan On July 4, 2023, MPI has fully settled Rupiah
pelunasan pokok Obligasi Rupiah I Seri B tahun Shelf Registered Bonds I Tranche B year 2018
2018 sebesar Rp63.000.000.000. amounting to Rp63,000,000,000.
Fasilitas Kredit Credit Facility
PT Medco Power Indonesia (“MPI”) dan Entitas PT Medco Power Indonesia (“MPI”) and
Anak Subsidiaries
PT Medco Power Indonesia PT Medco Power Indonesia
Pada tanggal 15 Agustus 2022, BSI melakukan On August 15, 2022, BSI transferred a loan of
pengalihan pinjaman senilai Rp336.875.000.000 Rp336,875,000,000 to PT Sarana Multi
kepada PT Sarana Multi Infrastruktur (Persero) Infrastruktur (Persero) and the Musyarakah loan
dan pinjaman Musyarakah tersebut menjadi become syndicated loan.
pinjaman sindikasi.
Selama 23 Agustus hingga 23 Desember 2022, Since August 23 until December 23, 2022, MPI
MPI telah melakukan pembayaran cicilan has paid scheduled installment to PT Sarana
terjadwal kepada PT Sarana Multi Infrastruktur Multi Infrastruktur (Persero) amounting to
(Persero) sebesar Rp26.250.000.000. Rp26,250,000,000.
2023 Annual Report PT Medco Energi Internasional Tbk 337
179
Page 340
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
29. UTANG JANGKA PANJANG LAINNYA (lanjutan) 29. OTHER LONG-TERM DEBTS (continued)
c. Lain-lain (lanjutan) c. Others (continued)
Fasilitas Kredit (lanjutan) Credit Facility (continued)
PT Medco Power Indonesia (“MPI”) dan Entitas PT Medco Power Indonesia (“MPI”) and
Anak (lanjutan) Subsidiaries (continued)
Sejak 23 Januari hingga 23 September 2023, Since January 23 until September 23, 2023,
MPI telah melakukan pembayaran cicilan MPI has paid scheduled installment to PT
terjadwal kepada PT Sarana Multi Infrastruktur Sarana Multi Infrastruktur (Persero) amounting
(Persero) sebesar Rp39.375.000.000. to Rp39,375,000,000.
PT Medco Cahaya Geothermal PT Medco Cahaya Geothermal
Pada 11 Januari 2023, PT Medco Cahaya On January 11, 2023, PT Medco Cahaya
Geothermal menandatangani Perjanjian Geothermal signed project financing agreement
Pembiayaan Proyek sebesar AS$70.000.000 amounting US$70,000,000 with PT Sarana Multi
dengan PT Sarana Multi Infrastruktur, dengan Infrastruktur, with 20 years tenor. This financing
jangka waktu 20 tahun. Pembiayaan ini aims to finance the Ijen Geothermal Power
bertujuan untuk pembangunan PLTP Ijen unit 1 Plant phase-1 capacity 31.4 MW in Blawan-Ijen.
kapasitas 31,4 MW di kawasan Blawan-Ijen. This facility is collateralized by all of the
Fasilitas ini dijamin dengan seluruh asset project’s assets, rights over receivables on the
proyek, hak atas piutang, dan seluruh gadai project, and a pledge of all shares in the project.
saham dalam proyek.
Pada 20 Januari 2023, PT Medco Cahaya On January 20, 2023, PT Medco Cahaya
Geothermal melakukan penarikan pinjaman dari Geothermal has withdrawn loan amounting to
PT Sarana Multi Infrastruktur (Persero) sebesar US$7,832,527 from PT Sarana Multi
AS$7.832.527. Infrastruktur (Persero).
Sukuk Wakalah Rupiah Rupiah Sukuk Wakalah
PT Medco Power Indonesia (“MPI”) dan Entitas PT Medco Power Indonesia (“MPI”) and
Anak Subsidiaries
Pada tanggal 23 Mei 2022, MPI melakukan On May 23, 2022, MPI has fully settled Sukuk
pelunasan pokok Sukuk Wakalah II Seri A tahun Wakalah II Tranche A year 2019 amounting to
2019 sebesar Rp832.700.000.000. Rp832,700,000,000.
Pada tanggal 4 Agustus 2022, PT Medco Power On August 4, 2022, PT Medco Power Indonesia
Indonesia menerbitkan Penawaran Umum issued Rupiah Shelf Registered Sukuk Wakalah
Berkelanjutan Sukuk Wakalah Berkelanjutan I I Medco Power Indonesia Phase I amounting to
Medco Power Indonesia Tahap I senilai Rp500,000,000,000 consisting of two tranches:
Rp500.000.000.000 yang terbagi dalam dua seri
yaitu:
• Seri A sebesar Rp280.000.000.000 dengan • Tranche A Rp280,000,000,000 with 3-year
tenor 3 tahun tenor
• Seri B sebesar Rp220.000.000.000 dengan • Tranche B Rp220,000,000,000 with 5-year
tenor 5 tahun tenor
Pada tanggal 30 Desember 2022, PT Medco On December 30, 2022, PT Medco Power
Power Indonesia menerbitkan Penawaran Indonesia issued Shelf Public Offering Sharia
Umum Berkelanjutan Sukuk Wakalah Compliant Bonds I Medco Power Indonesia
Berkelanjutan I Medco Power Indonesia Tahap Phase II amounting to Rp600,000,000,000
II senilai Rp600.000.000.000 yang terbagi consisting of two tranches:
dalam dua seri yaitu:
• Seri A sebesar Rp469.690.000.000 dengan • Tranche A Rp469,690,000,000 with 3-year
tenor 3 tahun tenor
• Seri B sebesar Rp130.310.000.000 dengan • Tranche B Rp130,310,000,000 with 5-year
tenor 5 tahun tenor
338 PT Medco Energi Internasional Tbk 2023 Annual Report
180
Page 341
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
29. UTANG JANGKA PANJANG LAINNYA (lanjutan) 29. OTHER LONG-TERM DEBTS (continued)
c. Lain-lain (lanjutan) c. Others (continued)
Sukuk Wakalah Rupiah (lanjutan) Rupiah Sukuk Wakalah (continued)
PT Medco Power Indonesia (“MPI”) dan Entitas PT Medco Power Indonesia (“MPI”) and
Anak (lanjutan) Subsidiaries (continued)
Pada tanggal 4 Juli 2023, MPI melakukan On July 4, 2023, MPI has fully settled Sukuk
pelunasan pokok Sukuk Wakalah I tahun 2018 Wakalah I year 2018 tranche B amounting to
Seri B sebesar Rp404.000.000.000. Rp404,000,000,000.
Obligasi Dolar AS US Dollar Bonds
Medco Platinum Road Pte. Ltd. Medco Platinum Road Pte. Ltd.
Pada tanggal 30 Januari 2018, Medco Platinum On January 30, 2018, Medco Platinum Road
Road Pte. Ltd. entitas anak yang dimiliki Pte. Ltd. a wholly-owned subsidiary of MSS,
sepenuhnya oleh MSS, menerbitkan Senior issued a US$500,000,000 Senior Notes due in
Notes sebesar AS$500.000.000 yang akan 2025, with coupon rate of 6.75% per annum,
jatuh tempo pada tahun 2025, dengan kupon which are unconditionally and irrevocably
sebesar 6,75% per tahun, yang dijamin tanpa guaranteed by the Company and certain
syarat dan tidak dapat dibatalkan oleh subsidiaries.
Perusahaan dan entitas anak tertentu.
Senior Notes ini akan jatuh tempo pada tanggal The Senior Notes will mature on January 30,
30 Januari 2025, dan bunganya akan mulai 2025, and interest will be accrued from January
dicatat dari tanggal 30 Januari 2018 dan 30, 2018 payable semi-annually in arrears
terutang setiap tengah tahun mulai tanggal 30 commencing on July 30, 2018. The Senior
Juli 2018. Senior Notes ini tercatat pada Notes are listed on the Singapore Exchange
Singapore Exchange Securities Trading Limited, Securities Trading Limited, and its proceeds
dan dana hasil penerbitan Senior Notes ini telah were used for fully repayment of loan to PT
digunakan untuk pelunasan seluruh pinjaman Bank Mandiri (Persero) Tbk for credit facility of
ke PT Bank Mandiri (Persero) Tbk untuk fasilitas PTK IV and V, partial repayment of loan to PT
kredit PTK IV dan V, sebagian pinjaman ke PT Bank Mandiri (Persero) Tbk for credit facility
Bank Mandiri (Persero) Tbk untuk fasilitas kredit PTK VI and PUB I Phase II. Its proceeds also
PTK VI dan PUB I Tahap II. Dana hasil were used for repayment of bonds payable of
penerbitan Senior Notes ini telah digunakan PUB II phase I Tranche A, PUB II phase II
untuk melunasi utang obligasi PUB II tahap I Tranche A, and PUB II phase III Tranche A and
Seri A, PUB II tahap II Seri A, dan PUB II tahap MTN V.
III Seri A dan MTN V.
Pada tanggal 8 November 2022, Medco On November 8, 2022, Medco Platinum Road
Platinum Road Pte. Ltd. telah menyelesaikan Pte. Ltd. completed and paid the tender offer for
dan membayar penawaran tender untuk the partial early repayment of its Senior Notes
percepatan pelunasan sebagian dari Senior with amount of US$255,102,000. At the same
Notes sebesar AS$255.102.000. Pada saat time, the repurchase of Senior Notes that was
yang sama, pembelian kembali atas Senior done in 2020 with total amount of US$9,500,000
Notes yang dilakukan pada tahun 2020 sebesar have been marked down for cancellation,
AS$9.500.000 juga dilakukan pembatalan, hence, the total outstanding Senior Notes
sehingga total Senior Notes yang beredar become US$235,398,000.
sejumlah AS$235.398.000.
2023 Annual Report PT Medco Energi Internasional Tbk 339
181
Page 342
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
29. UTANG JANGKA PANJANG LAINNYA (lanjutan) 29. OTHER LONG-TERM DEBTS (continued)
c. Lain-lain (lanjutan) c. Others (continued)
Obligasi Dolar AS (lanjutan) US Dollar Bonds (continued)
Medco Platinum Road Pte. Ltd. (lanjutan) Medco Platinum Road Pte. Ltd. (continued)
Selama 2023, Grup, melalui Perusahaan, telah During year 2023, the Group, through the
melakukan pembelian kembali utang Senior Company, has a debt buy-back of Medco
Notes Medco Platinum Road Pte. Ltd. dengan Platinum Road Pte. Ltd. Senior Notes for a
nilai nominal sebesar AS$300.000 dari pasar. nominal amount of US$300,000 from the
market.
Medco Oak Tree Pte. Ltd. Medco Oak Tree Pte. Ltd.
Pada tanggal 14 Mei 2019, Medco Oak Tree On May 14, 2019, Medco Oak Tree Pte. Ltd. a
Pte. Ltd. entitas anak yang dimiliki sepenuhnya wholly owned indirect subsidiary, issued a
secara tidak langsung, menerbitkan Senior US$650,000,000 Senior Notes due in 2026, with
Notes sebesar AS$650.000.000 yang akan coupon rate of 7.375% per annum, which are
jatuh tempo pada tahun 2026, dengan kupon irrevocably and unconditionally guaranteed by
sebesar 7,375% per tahun, yang tidak dapat the Company and certain subsidiaries.
dibatalkan dan dijamin tanpa syarat oleh
Perusahaan dan entitas anak tertentu.
Senior Notes ini akan jatuh tempo pada tanggal The Senior Notes will mature on May 14, 2026
14 Mei 2026 dan bunganya akan mulai dicatat and its interest will be accrued from May 14,
dari tanggal 14 Mei 2019 dan terutang setiap 2019 and payable semi-annually in arrears
tengah tahun mulai tanggal 14 November 2019. commencing on November 14, 2019. The
Senior Notes ini tercatat pada Singapore Senior Notes are listed on the Singapore
Exchange Securities Trading Limited dan dana Exchange Securities Trading Limited, and its
hasil penerbitan Senior Notes ini telah proceeds were used to fund the shares
digunakan untuk pendanaan akuisisi saham acquisition of Ophir Energy Ltd. and to refinance
Ophir Energy Ltd. dan pendanaan kembali the Group indebtedness.
utang Grup.
Pada tanggal 2 Juni 2022, Medco Oak Tree Pte. On June 2, 2022, Medco Oak Tree Pte. Ltd.
Ltd. telah menyelesaikan dan membayar completed and paid the tender offer for the
penawaran tender untuk percepatan pelunasan partial early repayment of its Senior Notes with
sebagian dari Senior Notes sebesar amount of US$109,194,000. At the same time,
AS$109.194.000. Pada saat yang sama, the repurchase of Senior Notes that was done in
pembelian kembali atas Senior Notes yang 2021 with total amount of US$1,500,000 have
dilakukan pada tahun 2021 sebesar been marked down for cancellation, hence, the
AS$1.500.000 juga telah dilakukan pembatalan, total outstanding Senior Notes become
sehingga total Senior Notes yang beredar US$539,306,000.
sejumlah AS$539.306.000.
Selama bulan Juni dan Juli 2022, Grup, melalui During June and July 2022, the Group, through
Perusahaan, telah melakukan pembelian the Company, has a debt buy-back of Medco
kembali utang Senior Notes Medco Oak Tree Oak Tree Pte. Ltd. Senior Notes for a nominal
Pte. Ltd. dengan nilai nominal sebesar amount of US$5,700,000 from the market. On
AS$5.700.000 dari pasar. Pada tanggal 8 November 8, 2022, the corresponding amount
November 2022, jumlah tersebut dilakukan has been marked down for cancellation, hence,
pembatalan, sehingga total Senior Notes yang the total outstanding Senior Notes become
beredar sejumlah AS$533.606.000. US$533,606,000.
340 PT Medco Energi Internasional Tbk 2023 Annual Report
182
Page 343
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
29. UTANG JANGKA PANJANG LAINNYA (lanjutan) 29. OTHER LONG-TERM DEBTS (continued)
c. Lain-lain (lanjutan) c. Others (continued)
Obligasi Dolar AS (lanjutan) US Dollar Bonds (continued)
Medco Bell Pte. Ltd. Medco Bell Pte. Ltd.
Pada tanggal 30 Januari 2020, Medco Bell Pte. On January 30, 2020, Medco Bell Pte. Ltd. a
Ltd. entitas anak yang dimiliki sepenuhnya, wholly-owned subsidiary, issued US$650 million
menerbitkan Senior Notes sebesar AS$650 juta Senior Notes listed on the Singapore Exchange
yang tercatat pada Singapore Exchange Securities Trading Limited. The Senior Notes
Securities Trading Limited. Senior Notes ini will mature in 2027 and are unconditionally
akan jatuh tempo pada tahun 2027 dan dijamin guaranteed and irrevocably by the Company
tanpa syarat dan tidak dapat dibatalkan oleh and certain subsidiaries. Its proceeds were used
Perusahaan dan entitas anak tertentu. Hasilnya mainly for refinancing purpose. The coupon is
telah digunakan terutama untuk tujuan 6.375% per annum, which will start to be
refinancing. Kupon adalah sebesar 6,375% per accrued from January 30, 2020 and payable
tahun, yang bunganya akan mulai dicatat dari semi-annually in arrears commencing on July
tanggal 30 Januari 2020 dan akan terutang 30, 2020.
setiap tengah tahun mulai tanggal 30 Juli 2020.
Pada tanggal 2 Juni 2022, Medco Bell Pte. Ltd. On June 2, 2022, Medco Bell Pte. Ltd.
telah menyelesaikan dan membayar penawaran completed and paid the tender offer for the
tender untuk percepatan pelunasan sebagian partial early repayment of its Senior Notes with
dari Senior Notes sebesar AS$43.305.000. amount of US$43,305,000. At the same time,
Pada saat yang sama, pembelian kembali atas the repurchase of Senior Notes that was done in
Senior Notes yang dilakukan pada tahun 2021 2021 with total amount of US$5,000,000 have
sejumlah masing-masing sebesar been marked down for cancellation, hence, the
AS$5.000.000 juga dilakukan pembatalan, total outstanding Senior Notes become
sehingga total Senior Notes yang beredar US$601,695,000.
sejumlah AS$601.695.000.
Selama bulan Juni dan Juli 2022, Grup, melalui During June and July 2022, the Group, through
Perusahaan, telah melakukan pembelian the Company, has a debt buy-back of Medco
kembali utang Senior Notes Medco Bell Pte. Bell Pte. Ltd. Senior Notes for a nominal amount
Ltd. dengan nilai nominal sebesar of US$11,600,000 from the market. On
AS$11.600.000 dari pasar. Pada tanggal 8 November 8, 2022, the corresponding amount
November 2022, jumlah tersebut dilakukan has been marked down for cancellation, hence,
pembatalan, sehingga total Senior Notes yang the total outstanding Senior Notes become
beredar sejumlah AS$590.095.000. US$590,095,000.
Selama 2023, Grup, melalui Perusahaan, telah During year 2023, the Group, through the
melakukan pembelian kembali utang Senior Company, has a debt buy-back of Medco Bell
Notes Medco Bell Pte. Ltd. dengan nilai nominal Pte. Ltd. Senior Notes for a nominal amount of
sebesar AS$19.361.000 dari pasar. US$19,361,000 from the market.
Medco Laurel Tree Pte. Ltd. Medco Laurel Tree Pte. Ltd.
Pada tanggal 12 November 2021, Medco Laurel On November 12, 2021, Medco Laurel Tree Pte.
Tree Pte. Ltd., entitas anak yang dimiliki Ltd., a wholly-owned subsidiary, issued US$400
sepenuhnya, menerbitkan Senior Notes sebesar million Senior Notes listed on the Singapore
AS$400 juta yang tercatat pada Singapore Exchange Securities Trading Limited. The
Exchange Securities Trading Limited. Senior Senior Notes will mature in 2028 and are
Notes ini akan jatuh tempo pada tahun 2028 unconditionally guaranteed and irrevocably by
dan dijamin tanpa syarat dan tidak dapat the Company and certain subsidiaries. Its
dibatalkan oleh Perusahaan dan entitas anak proceeds were used mainly for refinancing
tertentu. Hasilnya telah digunakan terutama purpose. The coupon is 6.95% per annum,
untuk tujuan refinancing. Kupon adalah sebesar which will start to be accrued from November
6,95% per tahun, yang bunganya akan mulai 12, 2021 and payable semi-annually in arrears
dicatat dari tanggal 12 November 2021 dan commencing on May 12, 2021.
akan terutang setiap tengah tahun mulai tanggal
12 Mei 2021.
2023 Annual Report PT Medco Energi Internasional Tbk 341
183
Page 344
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
29. UTANG JANGKA PANJANG LAINNYA (lanjutan) 29. OTHER LONG-TERM DEBTS (continued)
c. Lain-lain (lanjutan) c. Others (continued)
Obligasi Dolar AS (lanjutan) US Dollar Bonds (continued)
Medco Laurel Tree Pte. Ltd. (lanjutan) Medco Laurel Tree Pte. Ltd. (continued)
Selama bulan Juni dan Juli 2022, Grup, melalui During June and July 2022, the Group, through
Perusahaan, telah melakukan pembelian the Company, has a debt buy-back of Medco
kembali utang Senior Notes Medco Laurel Tree Laurel Tree Pte Ltd Senior Notes for a nominal
Pte Ltd dengan nilai nominal sebesar amount of US$15,200,000 from the market. On
AS$15.200.000 dari pasar. Pada tanggal 8 November 8, 2022, the corresponding amount
November 2022, jumlah tersebut dilakukan has been marked down for cancellation, hence,
pembatalan sehingga total Senior Notes yang the total outstanding Senior Notes become
beredar sejumlah AS$384.800.000. US$384,800,000.
Selama 2023, Grup, melalui Perusahaan, telah During year 2023, the Group, through the
melakukan pembelian kembali utang Senior Company, has a debt buy-back of Medco Laurel
Notes Medco Laurel Tree Pte. Ltd. dengan nilai Tree Pte. Ltd. Senior Notes for a nominal
nominal sebesar AS$12.200.000 dari pasar. amount of US$12,200,000 from the market.
Medco Maple Tree Pte. Ltd. Medco Maple Tree Pte. Ltd.
Pada tanggal 27 Oktober 2023, Medco Maple On October 27, 2023, Medco Maple Tree Pte.
Tree Pte. Ltd., entitas anak yang dimiliki Ltd., a wholly-owned subsidiary, issued
sepenuhnya, menerbitkan Senior Notes sebesar US$500,000,000 million Senior Notes listed on
AS$500.000.000 yang terdaftar pada Singapore the Singapore Exchange Securities Trading
Exchange Securities Trading Limited. Senior Limited. The Senior Notes will mature in 2029
Notes ini akan jatuh tempo pada tahun 2029 and are unconditionally and irrevocably
dan dijamin tanpa syarat dan tidak dapat guaranteed by the Company and certain
dibatalkan oleh Perusahaan dan entitas anak subsidiaries. The coupon is 8.96% per annum,
tertentu. Kupon adalah sebesar 8,96% per which will start to be accrued from October 27,
tahun, yang bunganya akan mulai terutang dari 2023 and payable semi-annually in arrears
tanggal 27 Oktober 2023 dan akan dibayar commencing on April 27, 2024.
setiap tengah tahun mulai tanggal 27 April 2024.
Pada tanggal 15 November 2023, Medco On November 15, 2023, Medco Platinum Road
Platinum Road Pte. Ltd., Medco Oak Tree Pte. Pte. Ltd., Medco Oak Pte. Ltd., Medco Bell Pte.
Ltd., Medco Bell Pte. Ltd. dan Medco Laurel Ltd. and Medco Laurel Tree Pte. Ltd. completed
Tree Pte. Ltd. telah menyelesaikan dan and paid the tender offer for the early
membayar penawaran tender untuk percepatan repayment of its Senior Notes with amount of
pelunasan dari Senior Notes masing-masing US$201,801,000, US$59,848,000,
sebesar AS$201.801.000, AS$59.848.000, US$62,337,000 and US$73,183,000,
AS$62.337.000 dan AS$73.183.000. respectively.
Pada saat yang sama, pembelian kembali atas At the same time, the repurchase of Medco
Senior Notes Medco Platinum Road Pte. Ltd., Platinum Road Pte. Ltd., Medco Bell Pte. Ltd.
Medco Bell Pte. Ltd. dan Medco Laurel Tree and Medco Laurel Tree Pte. Ltd. Senior Notes
Pte. Ltd. yang dilakukan selama tahun 2023 that was done in 2023 with amount of
masing-masing sebesar AS$300.000, US$300.000, US$19.361.000 and
AS$19.361.000 dan AS$12.200.000 juga US$12.200.000, respectively, have been
dilakukan pembatalan. marked down for cancellation.
342 PT Medco Energi Internasional Tbk 2023 Annual Report
184
Page 345
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
30. KEPENTINGAN NONPENGENDALI 30. NON-CONTROLLING INTERESTS
Akun ini terdiri dari: This account consists of:
2023
Bagian atas Jumlah
Penghasilan (Rugi)
Kepentingan Komprehensif pada Kepentingan
Nonpengendali pada Tahun Berjalan/ Nonpengendali pada
Awal Tahun/ Share in Total Akhir Tahun/
Non-controlling Comprehensive Pembagian Dividen/ Non-controlling
Interests at Income (Loss) of the Dividend Interest at End of
Beginning of Year Current Year Distribution Year
PT Medco Kansai Power PT Medco Kansai Power
Indonesia 58.057.102 4.483.213 (3.052.815) 59.487.500 Indonesia
PT Medco Ratch Power Riau 67.116.618 3.124.268 – 70.240.886 PT Medco Ratch Power Riau
PT Medco Cahaya Geothermal 27.673.838 4.457.118 – 32.130.956 PT Medco Cahaya Geothermal
PT Dalle Energy Batam 10.362.042 (164.562) (393.510) 9.803.970 PT Dalle Energy Batam
PT Medco Energi Menamas 10.664.058 949.648 (118.012) 11.495.694 PT Medco Energi Menamas
PT Medco General Power PT Medco General Power
Services 5.623.193 (1.024.549) (7.866) 4.590.778 Services
Medco Oman LLC 2.145.250 3.321.646 (3.300.000) 2.166.896 Medco Oman LLC
PT Multidaya Prima Elektrindo 3.164.903 (17.824) – 3.147.079 PT Multidaya Prima Elektrindo
PT Universal Batam Energy 2.865.263 1.838.847 (786.890) 3.917.220 PT Universal Batam Energy
Lain-lain 2.587.048 (514.415) (918) 2.071.715 Others
Jumlah 190.259.315 16.453.390 (7.660.011) 199.052.694 Total
2022
Bagian atas
Jumlah
Penghasilan
(Rugi) Komprehensif
Kepentingan pada Tahun Kepentingan
Nonpengendali pada Berjalan/ Nonpengendali pada
Awal Tahun/ Share in Total Akhir Tahun/
Non-controlling Comprehensive Pembagian Dividen/ Non-controlling
Interests at Income (Loss) of the Dividend Interest at End of
Beginning of Year Current Year Distribution Year
PT Medco Kansai Power PT Medco Kansai Power
Indonesia 57.783.411 6.333.873 (6.060.182) 58.057.102 Indonesia
PT Medco Ratch Power Riau 37.426.598 29.690.020 – 67.116.618 PT Medco Ratch Power Riau
PT Medco Cahaya Geothermal 25.707.194 1.966.644 – 27.673.838 PT Medco Cahaya Geothermal
PT Dalle Energy Batam 10.315.244 517.761 (470.963) 10.362.042 PT Dalle Energy Batam
PT Medco Energi Menamas 10.235.315 428.779 (36) 10.664.058 PT Medco Energi Menamas
PT Medco General Power PT Medco General Power
Services 5.349.167 274.026 – 5.623.193 Services
Medco Oman LLC 3.378.543 5.146.707 (6.380.000) 2.145.250 Medco Oman LLC
PT Multidaya Prima Elektrindo 2.726.600 488.738 (50.435) 3.164.903 PT Multidaya Prima Elektrindo
PT Universal Batam Energy 1.409.745 2.116.172 (660.654) 2.865.263 PT Universal Batam Energy
Lain-lain 2.278.770 309.623 (1.345) 2.587.048 Others
Jumlah 156.610.587 47.272.343 (13.623.615) 190.259.315 Total
2023 Annual Report PT Medco Energi Internasional Tbk 343
185
Page 346
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
30. KEPENTINGAN NONPENGENDALI (lanjutan) 30. NON-CONTROLLING INTERESTS (continued)
Ekuitas kepemilikan nonpengendali atas ekuitas The equity interest held by non-controlling interests
adalah sebagai berikut: is as follows:
2023 2022
PT Medco Cahaya Geothermal 49,00 % 49,00 % PT Medco Cahaya Geothermal
PT Medco Ratch Power Riau 49,00 % 49,00 % PT Medco Ratch Power Riau
PT Medco Kansai Power Indonesia 40,00 % 40,00 % PT Medco Kansai Power Indonesia
PT Universal Batam Energy 30,00 % 30,00 % PT Universal Batam Energy
Medco Oman LLC 22,00 % 22,00 % Medco Oman LLC
PT Dalle Energy Batam 20,01 % 20,01 % PT Dalle Energy Batam
PT Multidaya Prima Elektrindo 15,00 % 15,00 % PT Multidaya Prima Elektrindo
PT Medco General Power Services 0,40 % 0,40 % PT Medco General Power Services
PT Medco Energi Menamas 0,01 % 0,01 % PT Medco Energi Menamas
Lain-Lain: Others:
PT Medcosolar Bali Timur 49,00 % 49,00 % PT MedcoSolar Bali Timur
PT Medco Solar Bali Barat 49,00 % 49,00 % PT MedcoSolar Bali Barat
PT Sangsaka Agro Lestari 30,00 % 30,00 % PT Sangsaka Agro Lestari
PT Muara Enim Multi Power 20,00 % 20,00 % PT Muara Enim Multi Power
PT Nawakara Energi Sumpur 20,00 % 20,00 % PT Nawakara Energi Sumpur
PT Energi Prima Elektrika 7,50 % 7,50 % PT Energi Prima Elektrika
PT Dalle Panaran 0,99 % 0,99 % PT Dalle Panaran
PT Medco Geothermal Sarulla 0,04 % 0,04 % PT Medco Geothermal Sarulla
PT Indo Medco Power 0,02 % 0,02 % PT Indo Medco Power
PT Medco Geothermal Indonesia 0,01 % 0,01 % PT Medco Geothermal Indonesia
PT Medcopower Servis Indonesia –% 38,00 % PT Medcopower Servis Indonesia
PT Medco Power Sumatera –% 0,40 % PT Medco Power Sumatera
PT Medco Geothermal Sumatera –% 0,08 % PT Medco Geothermal Sumatera
PT Medco Kansai Power Indonesia dan Entitas PT Medco Kansai Power Indonesia and
Anak (“MKPI”) Subsidiaries (“MKPI”)
Pada tanggal 5 Maret 2021, PT Medco Kansai On March 5, 2021, PT Medco Kansai Power
Power Indonesia (“MKPI”) dan MPI Indonesia (“MKPI”) and MPI signed a sales and
menandatangani perjanjian jual beli untuk purchase agreement to execute the purchase of
melaksanakan pembelian entitas anak MPI yang MPI subsidiaries engaged in Gas IPP and O&M
bergerak di bisnis Gas IPP dan O&M (selain businesses (except for MRPR) by way of
MRPR) dengan memindahkan entitas-entitas anak transferring such subsidiaries to be owned by
tersebut untuk dimiliki oleh MKPI. Setelah transaksi MKPI. Upon effective of the transaction, Group held
efektif, Grup memiliki porsi kepentingan the portion of equity interest held by non-controlling
nonpengendali pada PT Medco Kansai Power interest in PT Medco Kansai Power Indonesia
Indonesia (“MKPI”) adalah sebesar 40%. (“MKPI”) is 40%.
Ringkasan laporan posisi keuangan Summarized statement of financial position
2023 2022
Aset Lancar 123.583.957 133.298.402 Current Assets
Aset Tidak Lancar 119.243.913 116.670.902 Non-current Assets
Liabilitas Jangka Pendek 21.966.558 24.031.106 Current Liabilities
Liabilitas Jangka Panjang 51.820.330 58.495.573 Non-current Liabilities
Kepentingan non-pengendali 22.982.534 22.869.663 Non-controlling Interest
344 PT Medco Energi Internasional Tbk 2023 Annual Report
186
Page 347
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
30. KEPENTINGAN NONPENGENDALI (lanjutan) 30. NON-CONTROLLING INTERESTS (continued)
PT Medco Kansai Power Indonesia dan Entitas PT Medco Kansai Power Indonesia and
Anak (“MKPI”) (lanjutan) Subsidiaries (“MKPI”) (continued)
Ringkasan laporan laba rugi dan penghasilan Summarized statement of profit or loss and other
komprehensif lain comprehensive income
2023 2022
Pendapatan 81.064.586 68.524.353 Revenues
Beban pokok pendapatan (53.002.682) (33.385.516) Cost of revenues
Laba kotor 28.061.904 35.138.837 Gross profit
Beban penjualan, umum dan Selling, general and administrative
administrasi (18.914.285) (17.681.268) expenses
Beban pendanaan (3.366.189) (3.674.943) Finance costs
Pendapatan bunga 2.935.976 1.480.408 Finance income
Pendapatan lain-lain 4.766.805 2.204.057 Other income
Beban lain-lain (102.209) (205.137) Other expense
LABA SEBELUM BEBAN PAJAK PROFIT BEFORE INCOME TAX
PENGHASILAN 13.382.002 17.261.954 EXPENSE
Beban pajak penghasilan (3.462.558) (4.013.378) Income tax expense
LABA TAHUN BERJALAN 9.919.444 13.248.576 PROFIT FOR THE YEAR
Penghasilan komprehensif lain (695.748) (7.721.318) Other comprehensive income
JUMLAH LABA KOMPREHENSIF TOTAL COMPREHENSIVE INCOME
TAHUN BERJALAN 9.223.696 5.527.258 FOR THE YEAR
Laba komprehensif tahun berjalan Total comprehensive income for the
yang diatribusikan kepada: year attributable to:
Pemilik entitas induk 7.978.855 (2.786.183) Equity holders of the parent
Kepentingan nonpengendali 1.244.841 8.313.441 Non-controlling interests
JUMLAH 9.223.696 5.527.258 TOTAL
Ringkasan laporan arus kas Summarized statement of cash flows
2023 2022
Arus kas diperoleh dari aktivitas Cash flows provided by operating
operasi 22.972.456 34.760.007 activities
Arus kas digunakan untuk aktivitas
investasi (12.949.896) (9.361.121) Cash flows used in investing activities
Arus kas digunakan untuk aktivitas
pendanaan (24.136.628) (17.524.850) Cash flows used in financing activities
Kenaikan (penurunan) neto - kas dan Net increase (decrease) in cash and
setara kas (14.114.068) 7.874.036 cash equivalents
Cash and cash equivalents at
Kas dan setara kas awal tahun 95.988.906 105.063.075 beginning of year
Effect of foreign exchange rate
Efek dari perbedaan nilai tukar (2.683.734) (16.948.205) changes
Cash and cash equivalents at end
Kas dan setara kas akhir tahun 79.191.104 95.988.906 of year
2023 Annual Report PT Medco Energi Internasional Tbk 345
187
Page 348
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
30. KEPENTINGAN NONPENGENDALI (lanjutan) 30. NON-CONTROLLING INTERESTS (continued)
Lain-lain Others
Pada tahun 2022, Medco LLC mendistribusikan In 2022, Medco LLC distributed dividends
dividen sebesar AS$5.000.000 pada 27 Juni 2022 amounting to US$5,000,000 on June 27, 2022 and
dan dividen sebesar AS$24.000.000 pada 10 dividends amounting to US$24,000,000 on
November 2022, di mana sebesar AS$4.620.000 November 10, 2022, whereby dividends amounting
telah dibayarkan kepada pihak nonpengendali di to US$4,620,000 was paid to non-controlling
tahun 2022 dan sisanya sejumlah AS$1.760.000. interest in 2022 and the remaining payable balance
Utang dividen ini telah dilunasi pada Februari 2023. amounting US$1,760,000. This dividends payable
was paid on February 2023.
Pada tahun 2022, PT Universal Batam Energy dan In 2022, PT Universal Batam Energy and PT Medco
PT Medco Geothermal Sarulla mendistribusikan Geothermal Sarulla distributed dividends for
dividen hasil kinerja tahun 2021 dimana dividen performance result 2021 whereby dividends
setara dengan AS$649.493 telah dibayarkan equivalent to US$649,493 were paid to non-
kepada pihak nonpengendali. controlling interest.
Pada tahun 2022, PT Medco Kansai Power In 2022, PT Medco Kansai Power Indonesia
Indonesia mendistribusikan dividen hasil kinerja distributed dividends for performance result 2021
tahun 2021 dimana dividen setara dengan whereby dividends equivalent to US$6,060,182
AS$6.060.182 telah dibayarkan kepada pihak were paid to non-controlling interest on February
nonpengendali pada Februari 2023. 2023.
Pada Juni 2023, Medco LLC mendistribusikan On June 2023, Medco LLC distributed dividends
dividen sebesar AS$8.000.000, dimana sebesar amounting to US$8,000,000, whereby dividends
AS$1.320.000 telah dibayarkan kepada pihak amounting to US$1,320,000 was paid to non-
nonpengendali pada June 2023. controlling interest on June 2023.
Pada Oktober 2023, Medco LLC mendistribusikan On October 2023, Medco LLC distributed dividends
dividen sebesar AS$7.000.000, dimana sebesar amounting to US$7,000,000, whereby dividends
AS$1.540.000 telah dibayarkan kepada pihak amounting to US$1,540,000 was paid to non-
nonpengendali pada Februari 2024. controlling interest on Februari 2024.
Pada tahun 2023, PT Medco Kansai Power In 2023, PT Medco Kansai Power Indonesia
Indonesia mendistribusikan dividen hasil kinerja distributed dividends for performance result 2022
tahun 2022 dimana dividen setara dengan whereby dividends equivalent to US$3,052,815
AS$3.052.815 telah dibayarkan kepada pihak were paid to non-controlling interest.
nonpengendali.
Pada tahun 2023, PT Universal Batam Energy, PT In 2023, PT Universal Batam Energy, PT Medco
Medco General Power Services, PT Medco General Power Services, PT Medco Geothermal
Geothermal Sarulla, PT Dalle Energy Batam, dan Sarulla, PT Dalle Energy Batam, and PT Medco
PT Medco Energi Menamas mendistribusikan Energi Menamas distributed dividends for
dividen hasil kinerja tahun 2022 setara dengan performance result 2022 whereby dividends
AS$1.307.196 telah dibayarkan kepada pihak equivalent to US$1,307,196 were paid to non-
nonpengendali. controlling interest.
346 PT Medco Energi Internasional Tbk 2023 Annual Report
188
Page 349
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
31. MODAL SAHAM 31. CAPITAL STOCK
2023
Persentase
Kepemilikan/ Jumlah/Amount
Jumlah Saham/ Percentage of
Pemegang Saham/Shareholders Number of Shares Ownership Rp‘000 AS$/US$
PT Medco Daya Abadi Lestari 12.944.140.124 51,72 % 323.603.503 62.721.519
Diamond Bridge Pte Ltd 5.395.205.771 21,56 % 134.880.144 26.142.756
PT Kalibiru Lestari Bersama 659.958.000 2,64 % 16.498.950 3.197.862
PT Medco Duta 30.044.500 0,12 % 751.113 145.582
Dewan Komisaris/Board of Commissioners
Yani Yuhani Panigoro 10.019.206 0,04 % 250.480 48.549
Yaser Raimi A Panigoro 1.569.613 0,01 % 39.240 7.606
Dewan Direksi/Board of Directors
Roberto Lorato 143.724.260 0,57 % 3.593.107 696.424
Ronald Gunawan 60.976.162 0,24 % 1.524.404 295.463
Anthony Robert Mathias 45.722.472 0,18 % 1.143.062 221.551
Amri Siahaan 42.935.509 0,17 % 1.073.388 208.046
Hilmi Panigoro 28.339.463 0,11 % 708.487 137.320
Masyarakat (masing-masing di bawah 5%)/Public
(each below 5%) 5.666.864.804 22,64 % 141.671.620 27.459.095
Sub-jumlah/Sub-total 25.029.499.884 100,00 % 625.737.498 121.281.773
Saham treasuri/Treasury stock 106.731.368 2.668.284 517.173
Jumlah/Total 25.136.231.252 628.405.782 121.798.946
2022
Persentase
Kepemilikan/ Jumlah/Amount
Jumlah Saham/ Percentage of
Pemegang Saham/Shareholders Number of Shares Ownership Rp‘000 AS$/US$
PT Medco Daya Abadi Lestari 12.944.140.124 51,72% 323.603.503 62.721.519
Diamond Bridge Pte Ltd 5.395.205.771 21,56% 134.880.144 26.142.756
PT Kalibiru Lestari Bersama 657.058.000 2,63% 16.426.450 3.183.809
PT Medco Duta 30.044.500 0,12% 751.113 145.582
Dewan Komisaris/Board of Commissioners
Yani Yuhani Panigoro 8.356.306 0,03% 208.908 40.491
Yaser Raimi A Panigoro 783.873 0,00% 19.597 3.798
Dewan Direksi/Board of Directors
Ronald Gunawan 53.638.622 0,21% 1.340.966 259.909
Roberto Lorato 38.200.620 0,15% 955.016 185.103
Amri Siahaan 35.219.799 0,14% 880.495 170.659
Hilmi Panigoro 24.818.273 0,10% 620.457 120.258
Anthony Robert Mathias 4.209.592 0,02% 105.240 20.398
Masyarakat (masing-masing di bawah 5%)/Public
(each below 5%) 5.833.607.517 23,32% 145.840.187 28.266.850
Sub-jumlah/Sub-total 25.025.282.997 100,00% 625.632.076 121.261.132
Saham treasuri/Treasury stock 110.948.255 2.773.706 537.814
Jumlah/Total 25.136.231.252 628.405.782 121.798.946
2023 Annual Report PT Medco Energi Internasional Tbk 347
189
Page 350
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
31. MODAL SAHAM (lanjutan) 31. CAPITAL STOCK (continued)
Berdasarkan Penawaran Umum Terbatas II (“PUT Based on Limited Public Offering II in 2017 (“PUT
II”) tahun 2017, Perusahaan menerbitkan II”), the Company issue a total of 4,399,117,667
sebanyak-banyaknya 4.399.117.667 Waran Seri I, Series I Warrants, which represent 33.33% of the
yang merupakan 33,33% dari jumlah modal total issued and paid-up capital as of the
ditempatkan dan disetor penuh pada saat submission of the registration statement and based
pernyataan pendaftaran dan berdasarkan asumsi on the assumption that the Series I Warrants are
dilaksanakannya Waran Seri I sebelum PUT II. exercised prior to the PUT II. Every 1 right share of
Untuk setiap 1 saham hasil pelaksanaan HMETD HMETD shall be accompanied by 1 Series I
tersebut melekat 1 Waran Seri I bagi pemegang Warrant granted to the Pre-Emptive Right holders
HMETD yang melaksanakan haknya. Waran Seri I exercising their rights. The Series I Warrants may
dapat dilaksanakan mulai tanggal 1 Juli 2018 be exercised from July 1, 2018 until December 11,
sampai dengan tanggal 11 Desember 2020, dimana 2020, where each holder of 1 Series I Warrant shall
setiap pemegang 1 Waran Seri I berhak untuk be entitled to purchase 1 share of the Company,
membeli 1 saham Perusahaan dengan ketentuan subject to the following provisions:
sebagai berikut:
- Tahap I dimulai pada tanggal 1 Juli 2018 - Exercise Window I shall commence from July
sampai dengan 31 Desember 2018 dengan 1, 2018 until December 31, 2018, with the
Harga Pelaksanaan Waran Tahap I Rp625 per Exercise Price for the Warrant Exercise
saham; Window I of Rp625 per share;
- Tahap II dimulai pada tanggal 1 Januari 2019 - Exercise Window II shall commence from
sampai dengan 31 Desember 2019 dengan January 1, 2019 until December 31, 2019,
Harga Pelaksanaan Waran Tahap II Rp650 with the Exercise Price for the Warrant
per saham; Exercise Window II of Rp650 per share;
- Tahap III dimulai pada tanggal 1 Januari 2020 - Exercise Window III shall commence from
sampai dengan 11 Desember 2020 dengan January 1, 2020 until December 11, 2020,
Harga Pelaksanaan Waran Tahap III Rp675 with the Exercise Price for the Warrant
per saham. Exercise Window III of Rp675 per share.
Terkait dengan Penawaran Umum Terbatas II Hak In connection with the Issuance of Pre-Emptive
Memesan Efek Terlebih Dahulu (“PUT II HMETD”) Rights II (“PUT II HMETD”) in December 2017,
di bulan Desember 2017, para pemegang saham shareholders that exercised their rights were issued
yang melaksanakan haknya diberikan waran yang one detachable warrant (“Warrants”) per share
dapat diperjualbelikan secara terpisah (“Waran”) subscribed for in the rights offering. Encore Energy
per saham yang dipesan. Encore Energy Pte. Ltd., Pte. Ltd., Clio Capital Ventures Pte. Ltd., PT
Clio Capital Ventures Pte. Ltd., PT Multifabrindo Multifabrindo Gemilang and PT Medco Duta
Gemilang dan PT Medco Duta mengalihkan hak transferred their entitlement of PUT II HMETD
mereka dalam PUT II HMETD kepada PT Medco offering to PT Medco Daya Abadi Lestari (“MDAL”).
Daya Abadi Lestari (“MDAL”). Selain dari Waran In addition to the Warrants received pursuant to this
yang diterima dari pengalihan ini, pada tanggal transfer, on the issue date of the Warrants, MDAL
penerbitan Waran, MDAL juga menerima Waran also received Warrants from the shares that it
dari saham yang dipesannya dalam PUT II HMETD. subscribed from PUT II HMETD. The Warrants are
Waran tersebut dapat dipergunakan antara bulan exercisable between July 2018 to December 2020.
Juli 2018 sampai dengan bulan Desember 2020.
Anggaran Dasar Perusahaan mengalami The Company's Articles of Association has been
perubahan berdasarkan Akta Notaris No. 12 amended based on notarial deed No. 12 dated
tanggal 5 Juni 2020, yang telah diterima dan dicatat June 5, 2020, which has been accepted and
oleh Menteri Hukum dan Hak Asasi Manusia dalam recorded by the Minister of Law and Human Rights
surat keputusannya No. AHU-AH.01.03-0238595. in his decision letter No. AHU-AH.01.03-0238595.
Perubahan Anggaran Dasar dilakukan untuk The amendment of the Articles of Association was
meningkatkan modal ditempatkan dan modal made to increase the issued and paid-up capital of
disetor Perusahaan dari Rp447.902.047.850 the Company from Rp447,902,047,850 to
menjadi sebesar Rp448.011.354.300, di mana Rp448,011,354,300, in which the additional paid-up
penambahan setoran sebesar Rp109.306.450 capital amounting to Rp109,306,450 was the result
merupakan hasil pelaksanaan konversi Waran Seri of conversion of Series I Warrants from January 1,
I dari tanggal 1 Januari 2020 sampai dengan 2020 to June 2, 2020.
tanggal 2 Juni 2020.
348 PT Medco Energi Internasional Tbk 2023 Annual Report
190
Page 351
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
31. MODAL SAHAM (lanjutan) 31. CAPITAL STOCK (continued)
Pemegang saham Perusahaan menyetujui The shareholders of the Company have approved
penambahan modal ditempatkan dan disetor to increase issued and paid-up capital of the
Perusahaan dengan memberikan (i) Hak Memesan Company by providing (i) Pre-Emptive Rights, issue
Efek Terlebih Dahulu (HMTED), untuk a total of 4,450,000 shares with nominal value of
mengeluarkan sebanyak-banyaknya 4.450.000 Rp25 per share, which will be conducted after the
saham dengan nilai nominal Rp25 per saham, yang Company obtain the Letter of Effectivity and (ii)
akan dilakukan setelah efektifnya Pernyataan Warrants, issue a total of 4,450,000 shares with
Pendaftaran dan (ii) Waran, untuk mengeluarkan nominal value of Rp25 per share thus, the total
sebanyak-banyaknya 4.450.000 saham dengan number of shares to be issued by Company is
nilai nominal Rp25 per saham, sehingga jumlah 8,900,000 shares with nominal value of Rp25 per
saham yang akan diterbitkan Perusahaan adalah shares.
sebanyak-banyaknya 8.900.000 saham dengan
nilai nominal Rp25 per saham.
Pada tanggal 31 Agustus 2020, Perusahaan On August 31, 2020, the Company obtained
menerima pernyataan efektif dari Otoritas Jasa effective letter from Financial Services Authority
Keuangan terkait rencana Penawaran Umum related to the Limited Public Offering III to the
Terbatas III kepada para pemegang saham shareholders of the Company through the Issuance
Perusahaan dalam rangka penerbitan Hak of Pre-Emptive Rights (“PUT III HMETD”) with
Memesan Efek Terlebih Dahulu (“PUT III HMETD“) maximum 7,500,000,000 ordinary registered shares
atas maksimum 7.500.000.000 lembar saham biasa or 41.85% of the Company’s issued and paid-up
atau sebesar 41,85% dari modal ditempatkan dan capital with exercise price of Rp250 per share. The
disetor penuh Perusahaan dengan harga Company generated funds amounting to
pelaksanaan Rp250 per lembar saham. Rp1,785,487,886,250 (before deduction of
Perusahaan memperoleh dana sebesar transaction cost) through this PUT III HMETD on
Rp1.785.487.886.250 (sebelum dikurangi biaya the realization of the issuance of 7,141,951,545
transaksi) melalui PUT III HMETD atas realisasi new shares. The Company has received all funds
penerbitan 7.141.951.545 saham baru. Perusahaan from PUT III HMETD in September 2020.
telah menerima seluruh dana dari PUT III HMETD
pada bulan September 2020.
Pada tanggal 5 Oktober 2020, Perusahaan telah On October 5, 2020, The Company has changed
mengubah ketentuan Waran Seri I sebagaimana the clause of Series I Warrants as stated in the
tercantum dalam Akta Perubahan I dan Pernyataan Deed of Amendment I and Restatement of the
Kembali Atas Pernyataan Penerbitan Waran Seri I Statement of Issuance of Series I Warrants in the
Dalam Rangka Penawaran Umum Terbatas II yang event of a Limited Public Offering II which was held
telah dilaksanakan tanggal 20 November 2017 on November 20, 2017 in connection with The
sehubungan dengan Perusahaan telah menerima Company has received letter of effectivity from
pernyataan efektif dari Otoritas Jasa Keuangan Financial Services Authority regarding limited public
terkait rencana Penawaran Umum Terbatas III offering III to the shareholders (“PUT III HMETD”).
kepada para pemegang saham Perusahaan (“PUT Therefore, the adjustment price for Series I
III HMETD”). Dengan demikian, harga penyesuaian Warrants is from Rp675 per share to Rp581 per
Waran Seri I adalah semula Rp675 per saham share effective on October 5, 2020.
menjadi Rp581 per saham efektif per tanggal 5
Oktober 2020.
Anggaran Dasar Perusahaan telah mengalami The Company’s Articles of Association has been
perubahan berdasarkan Akta Notaris No. 27 amended based on Notarial Deed No. 27 dated
tanggal 9 Februari 2021, yang telah diterima dan February 9, 2021, which has been accepted and
dicatat oleh Menteri Hukum dan Hak Asasi Manusia recorded by the Minister of Law and Human Rights
dalam surat No. AHU-AH.01.03-0089920 TH 2021. in letter No. AHU-AH.01.03-0089920 TH 2021. The
Perubahan Anggaran Dasar dilakukan untuk amendment of the Articles of Association was made
meningkatkan modal ditempatkan dan modal to increase the issued and paid up capital of the
disetor Perusahaan dari Rp448.011.354.300 Company from Rp448,011,354,300 to
menjadi sebesar Rp626.560.142.925, di mana Rp626,560,142,925, in which the additional paid-up
penambahan setoran sebesar Rp178.548.788.625 capital amounting to Rp178,548,788,625 was the
merupakan hasil pelaksanaan PUT III dengan result of the exercise of PUT III with HMETD.
HMETD.
2023 Annual Report PT Medco Energi Internasional Tbk 349
191
Page 352
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
31. MODAL SAHAM (lanjutan) 31. CAPITAL STOCK (continued)
Anggaran Dasar Perusahaan telah mengalami The Company’s Articles of Association has been
perubahan berdasarkan Akta Notaris No. 39 amended based on Notarial Deed No. 39 dated
tanggal 15 Februari 2021, yang telah diterima dan February 15, 2021, which has been accepted and
dicatat oleh Menteri Hukum dan Hak Asasi Manusia recorded by the Minister of Law and Human Rights
dalam surat keputusannya No. AHU- in his decision letter No. AHU-AH.01.03-0098327.
AH.01.03-0098327. Perubahan Anggaran Dasar The amendment of the Articles of Association was
dilakukan untuk meningkatkan modal ditempatkan made to increase the issued and paid-up capital of
dan modal disetor Perusahaan dari the Company from Rp626,560,142,925 to
Rp626.560.142.925 menjadi sebesar Rp628,405,781,300, in which the additional paid-up
Rp628.405.781.300, di mana penambahan setoran capital amounting to Rp1,845,638,375 was the
sebesar Rp1.845.638.375 merupakan hasil result of conversion of Series I Warrants from June
pelaksanaan konversi Waran Seri I dari tanggal 2 2, 2020 to December 11, 2020.
Juni 2020 sampai dengan tanggal 11 Desember
2020.
Pada tanggal 6 Juli 2021, Perusahaan On July 6, 2021, the Company announced its plan
mengumumkan rencana untuk membeli kembali to buy back up to 0.8% of its paid-up capital. For
maksimum sebanyak 0,8% dari jumlah saham this buy-back program, the Company set aside
Perusahaan yang telah diterbitkan. Dana yang funds in the amount of Rp130.5 billion. The buy-
dicadangkan untuk melakukan program pembelian back program will be conducted within a period of
kembali saham ini adalah sebesar Rp130,5 milyar. 18 months from the announcement. During 2021,
Program ini akan dilakukan dalam kurun waktu 18 the Company had repurchased 190,000,000 shares
bulan setelah pengumuman tersebut. Selama tahun for the total cost of Rp95,245,934,189 (equivalent to
2021, Perusahaan telah melakukan pembelian US$6,659,577).
kembali sebanyak 190.000.000 lembar saham
dengan nilai sebesar Rp95.245.934.189 (setara
dengan AS$6.659.577).
Berdasarkan Akta Notaris Leolin Jayayanti, S.H., Based on Notarial Deed of Leolin Jayayanti, S.H.,
M.Kn No. 86 tanggal 30 Agustus 2021, yang telah M.Kn No. 86 dated Agustus 30, 2021, which has
disetujui oleh Menteri Hukum dan Hak Asasi been approved by the Minister of Law and Human
Manusia dalam surat keputusannya No. Rights in his decision letter no.
AHU-0051458.AH.01.02 tanggal 22 September AHU-0051458.AH.01.02 dated September 22,
2021, Perusahaan mengubah Anggaran Dasar 2021, the Company amended its Article of
terkait peningkatan modal dasar dari semula Association to increase the authorized capital from
Rp950.000.000.000 yang terbagi atas Rp950,000,000,000 consisting of 38,000,000,000
38.000.000.000 lembar saham biasa, dengan nilai ordinary registered shares with par value of Rp25,
nominal Rp25, menjadi Rp1.375.000.000.000 yang to become Rp1,375,000,000,000 consisting of
terbagi atas 55.000.000.000 lembar saham biasa, 55,000,000,000 ordinary registered shares with par
dengan nilai nominal Rp25. value of Rp25.
Sampai dengan tanggal 31 Desember 2023, Until December 31, 2023, the Company has
Perusahaan telah melakukan transfer 69.466.987 transferred 69,466,987 shares (equivalent to
lembar saham (setara dengan AS$4.220.157) yang US$4,220,157) from the Company treasury shares
berasal dari saham treasuri sehubungan dengan in connection with the execution of the
pelaksanaan Program Pemberian Saham Management Share Award Program and Employee
Manajemen dan Program Pemberian Saham Share Award Program (Note 32).
Karyawan (Catatan 32).
Sampai dengan tanggal 31 Desember 2022, Until December 31, 2022, the Company has
Perusahaan telah melakukan transfer 74.883.438 transferred 74,883,438 shares (equivalent to
lembar saham (setara dengan AS$2.754.039) yang US$2,754,039) from the Company treasury shares
berasal dari saham treasuri sehubungan dengan in connection with the execution of the
pelaksanaan Program Pemberian Saham Management Share Award Program and Employee
Manajemen dan Program Pemberian Saham Share Award Program (Note 32).
Karyawan (Catatan 32).
350 PT Medco Energi Internasional Tbk 2023 Annual Report
192
Page 353
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
32. TAMBAHAN MODAL DISETOR DAN 32. ADDITIONAL PAID-IN CAPITAL AND SHARE-
PEMBAYARAN BERBASIS SAHAM BASED PAYMENT
Tambahan Modal Disetor Additional Paid-In Capital
Akun ini terdiri dari: This account consists of:
2023 2022
Penjualan 22.000.000 saham melalui
penawaran umum perdana kepada Sale of 22,000,000 shares through
masyarakat pada tahun 1994 33.500.000 33.500.000 initial public offering in 1994
Penjualan kembali saham 1.073.325 1.073.325 Resale of shares
Pembagian saham bonus pada tahun
1998 (32.254.579) (32.254.579) Distribution of bonus shares in 1998
Penerbitan 321.730.290 saham
melalui penawaran umum terbatas I Issuance of 321,730,290 shares
kepada pemegang saham pada through rights offering I to
tahun 1999 139.908.988 139.908.988 shareholders in 1999
Penurunan modal disetor dari saham Deduction of additional paid-in capital
treasuri (50.152.335) (46.503.647) on treasury stock
Penjualan kembali saham treasuri 74.812.936 74.812.936 Resale of treasury stock
Pembayaran berbasis saham 23.825.348 19.605.191 Share-based payment
Pembagian saham treasuri sebagai Distribution of treasury shares under
Share Award Program (2.724.953) (2.388.139) Share Award Program
Penerbitan saham melalui PUT II
HMETD, setelah dikurangi biaya Issuance of shares through PUT II
transaksi 183.530.378 183.530.378 HMETD, net of transaction cost
Agio dari pelaksanaan waran (Catatan Premium from exercise of warrants
31) 11.139.284 11.139.284 (Note 31)
Difference in transaction with entity
Selisih transaksi dengan entitas under common control (Notes 39
sepengendali (Catatan 39 dan 47) 5.696.682 696.682 and 47)
Penerbitan 7.141.951.545 saham Issuance of 7,141,951,545 shares
melalui PUT III HMETD, setelah through PUT III HMETD, net of
dikurangi biaya transaksi 107.884.145 107.884.145 transaction cost
Jumlah 496.239.219 491.004.564 Total
2023 Annual Report PT Medco Energi Internasional Tbk 351
193
Page 354
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
32. TAMBAHAN MODAL DISETOR DAN 32. ADDITIONAL PAID-IN CAPITAL AND SHARE-
PEMBAYARAN BERBASIS SAHAM (lanjutan) BASED PAYMENT (continued)
Pembayaran Berbasis Saham Share-Based Payment
Program ini terdiri atas berbagai jenis kompensasi The program involves different types of share-
berbasis saham yang hanya dapat diselesaikan based compensation which can only be settled by
dengan ekuitas (yaitu saham treasuri yang dimiliki equity (i.e. the treasury shares held by the
oleh Perusahaan). Jenis-jenis kompensasi berbasis Company). The types of share-based compensation
saham adalah sebagai berikut: are as follows:
a. Program Pemberian Saham Manajemen a. Management Shares Award Program (MSAP)
(MSAP)
Blocked Share Program adalah program yang Blocked Share Program is applicable program
berlaku untuk Dewan Direksi dan Manajemen for Board of Directors and Senior Management
Senior Perusahaan. Jumlah saham yang of the Company. The number of shares
diberikan akan disesuaikan dalam hal terdapat awarded will be adjusted in case there is rights
hak memesan efek terlebih dahulu (rights issue, bonus shares issue and stock split.
issue), penerbitan saham bonus dan
pemecahan saham.
Unblocked Share Program-executive level Unblocked Share Program-executive level is
berlaku bagi Dewan Direksi, Dewan Komisaris applicable for Board of Directors, Board of
dan Manajemen Senior Perusahaan. Commissioners and Senior Management of the
Company.
Unblocked Share Program-senior management Unblocked Share Program-senior management
level berlaku untuk Manajemen Senior level is applicable for the Company’s senior
Perusahaan yang bekerja di Perusahaan atau management who are working at the Company
diperbantukan pada entitas anak Grup. or seconded to the Group’s subsidiaries.
b. Program Pemberian Saham Karyawan b. Employee Shares Award Program (ESAP)
(ESAP)
ESAP berlaku untuk karyawan Perusahaan dan ESAP is applicable for the eligible employees of
PT Medco E & P Indonesia ("MEPI"), entitas the Company and PT Medco E & P Indonesia
anak yang dimiliki sepenuhnya, yang memenuhi (“MEPI”), wholly owned subsidiary, who are
syarat, baik mereka yang bekerja di working in either the Company or seconded to
Perusahaan atau diperbantukan pada entitas other subsidiaries or affiliates of the Group
anak atau entitas asosiasi Grup. Karyawan based on certain criteria. For the employee to
yang berhak menerima sejumlah saham dari be entitled to receive the number of shares
setiap tahap, setiap karyawan yang berhak available in each tranche, the respective
harus tetap bekerja sampai dengan tanggal employee must remain in service up to each
vesting masing-masing atau karyawan akan vesting date, otherwise, the employee forfeits
kehilangan hak untuk menerimanya. the rights to receive them.
Pemberian saham dapat dilaksanakan pada The shares award will be executed on or after
atau setelah tanggal vesting dengan the vesting date by issuing the treasury shares
menerbitkan saham treasuri yang dimiliki held by the Company to the shares accounts of
Perusahaan ke rekening saham masing-masing each respective person. Accelerating vesting
karyawan. Percepatan penerimaan saham period can be considered if any of following
dapat dipertimbangkan apabila: (1) pensiun, (2) events occurred: (1) retirement, (2) termination
pemutusan hubungan kerja dikarenakan kondisi due to medical condition, (3) death or
kesehatan, (3) kematian atau disabilitas permanent disabilities, (4) change of control,
permanen, (4) perubahan kontrol, dan (5) and (5) employee rationalization.
rasionalisasi karyawan.
352 PT Medco Energi Internasional Tbk 2023 Annual Report
194
Page 355
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
32. TAMBAHAN MODAL DISETOR DAN 32. ADDITIONAL PAID-IN CAPITAL AND SHARE-
PEMBAYARAN BERBASIS SAHAM (lanjutan) BASED PAYMENT (continued)
Informasi lain mengenai pembayaran berbasis Further information relating to share-based
saham adalah sebagai berikut: payment are as follows:
Jumlah
Penghargaan kepada/ Bentuk program/ penghargaan saham/ Tanggal pemberian/ Tanggal Vesting/
Awarded to Type of Program Number of Shares Grant Date Vesting Date
Awarded
Blocked Share 25.000.000 saham/ 29 Juni 2016/ 31 Desember 2019/
25,000,000 shares June 29, 2016 December 31, 2019
33.500.000 saham/ 12 Desember 2017/ 31 Desember 2019/
33,500,000 shares December 12, 2017 December 31, 2019
1.650.000 saham/ 21 Mei 2018/ 15 Oktober 2020/
1,650,000 shares May 21, 2018 October 15, 2020
8.500.000 saham/ 29 Mei 2019/ 31 Desember 2019/
8,500,000 shares May 29, 2019 December 31, 2019
Unblocked Share – 6.912.500 saham/ 21 Juni 2017/ Vest pada tanggal pemberian/
Executive level 6,912,500 shares June 21, 2017 Vested immediately
3.350.000 saham/ 12 Desember 2017/ Vest pada tanggal pemberian/
3,350,000 shares December 12, 2017 Vested immediately
12.640.900 saham/ 21 Mei 2018/ Vest pada tanggal pemberian/
12,640,900 shares May 21, 2018 Vested immediately
25.103.300 saham/ 29 Mei 2019/ Vest pada tanggal pemberian/
25,103,300 shares May 29, 2019 Vested immediately
21.924.000 saham/ 21 Desember 2020/ Vest pada tanggal pemberian/
21,924,000 shares December 21, 2020 Vested immediately
21.924.000 saham/ 4 Januari 2021/ Vest pada tanggal pemberian/
21,924,000 shares January 4, 2021 Vested immediately
16.845.590 saham/ 8 Oktober 2021/ Vest pada tanggal pemberian/
16,845,590 shares October 8, 2021 Vested immediately
21.924.000 saham/ 13 Januari 2022/ Vest pada tanggal pemberian/
21,924,000 shares January 13, 2022 Vested immediately
23.602.720 saham/ 29 Juli 2022/ Vest pada tanggal pemberian/
23,602,720 shares July 29, 2022 Vested immediately
21.924.000 saham/ 9 Januari 2023/ Vest pada tanggal pemberian/
21,924,000 shares January 9, 2023 Vested immediately
Manajemen/Management
11.697.350 saham/ 15 Juni 2023/ Vest pada tanggal pemberian/
Management Share Award
11,697,350 shares June 15, 2023 Vested immediately
Program
Unblocked Share – 880.500 saham/ 8 Agustus 2017/ Vest pada tanggal pemberian/
Senior management 880,500 shares August 8, 2017 Vested immediately
level 750.000 saham/ 9 Oktober 2017/ 8 Oktober 2019/
750,000 shares October 9, 2017 October 8, 2019
7.906.000 saham/ 21 Mei 2018/ Vest pada tanggal pemberian/
7,906,000 shares May 21, 2018 Vested immediately
333.800 saham/ 13 Juli 2018/ Vest pada tanggal pemberian/
333,800 shares July 13, 2018 Vested immediately
3.581.300 saham/ 29 Mei 2019/ Vest pada tanggal pemberian/
3,581,300 shares May 29, 2019 Vested immediately
7.978.300 saham/ 26 Juni 2020/ Vest pada tanggal pemberian/
7,978,300 shares June 26, 2020 Vested immediately
3.276.000 saham/ 21 Desember 2020/ Vest pada tanggal pemberian/
3,276,000 shares December 21, 2020 Vested immediately
3.276.000 saham/ 4 Januari 2021/ Vest pada tanggal pemberian/
3,276,000 shares January 4, 2021 Vested immediately
3.817.400 saham/ 30 Juli 2021/ Vest pada tanggal pemberian/
3,817,400 shares July 30, 2021 Vested immediately
1.752.010 saham/ 8 Oktober 2021/ Vest pada tanggal pemberian/
1,752,010 shares October 8, 2021 Vested immediately
3.276.000 saham/ 13 Januari 2022/ Vest pada tanggal pemberian/
3,276,000 shares January 13, 2022 Vested immediately
5.664.070 saham/ 29 Juli 2022/ Vest pada tanggal pemberian/
5,664,070 shares July 29, 2022 Vested immediately
3.276.000 saham/ 9 Januari 2023/ Vest pada tanggal pemberian/
3,276,000 shares January 9, 2023 Vested immediately
8.226.560 saham/ 15 Juni 2023/ Vest pada tanggal pemberian/
8,226,560 shares June 15, 2023 Vested Immediately
2023 Annual Report PT Medco Energi Internasional Tbk 353
195
Page 356
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
32. TAMBAHAN MODAL DISETOR DAN 32. ADDITIONAL PAID-IN CAPITAL AND SHARE-
PEMBAYARAN BERBASIS SAHAM (lanjutan) BASED PAYMENT (continued)
Informasi lain mengenai pembayaran berbasis Further information relating to share-based
saham adalah sebagai berikut: (lanjutan) payment are as follows: (continued)
Jumlah
penghargaan Tanggal
Penghargaan kepada/ Bentuk program/ Tanggal Vesting/
saham/ pemberian/
Awarded to Type of Program Vesting Date
Number of Grant Date
Shares Awarded
20.247.080 saham 28 Juli 2017/ Vest dalam tiga tahapan:/
setelah di kurangi July 28, 2017 Vests in three phases:
oleh pembatalan
sebanyak Tahap 1 : 1 Juni 2018/
863.250 saham/ Phase 1 : June 1, 2018
20,247,080 shares
after deduction of Tahap 2 : 1 Juni 2019/
cancellation Phase 2 : June 1, 2019
amounting to
863,250 shares Tahap 3 : 1 Juni 2020/
Phase 3 : June 1, 2020
21.825.160 saham 19 Juli 2018/ Vest dalam tiga tahapan:/
setelah di kurangi July 19, 2018 Vests in three phases:
oleh pembatalan
sebanyak Tahap 1 : 1 Juni 2019/
234.990 saham/ Phase 1 : June 1, 2019
21,825,160 shares
after deduction of Tahap 2 : 1 Juni 2020/
cancellation Phase 2 : June 1, 2020
amounting to
234,990 shares Tahap 3 : 1 Juni 2021/
Phase 3 : June 1, 2021
21.502.000 saham 10 September Vest dalam tiga tahapan:/
setelah di kurangi 2019/ Vests in three phases:
oleh pembatalan September 10,
sebanyak 2019 Tahap 1 : 1 Juni 2020/
83.500 saham/ Phase 1 : June 1, 2020
Karyawan/Employee 21,502,000 shares
after deduction of Tahap 2 : 1 Juni 2021/
Employee Share Award Program
cancellation Phase 2 : June 1, 2021
amounting to
83,500 shares Tahap 3 : 1 Juni 2022/
Phase 3 : June 1, 2022
250.000 saham/ 21 Desember 2 Maret 2020/
250,000 shares 2018/ March 2, 2020
December 21,
2018
21.566.000 saham/ 30 Oktober 2020/ Vest dalam tiga tahapan:/
21,566,000 shares October 30, 2020 Vests in three phases:
Tahap 1 : 1 Juni 2021/
Phase 1 : June 1, 2021
Tahap 2 : 1 Juni 2022/
Phase 2 : June 1, 2022
Tahap 3 : 1 Juni 2023/
Phase 3 : June 1, 2023
1.019.797 saham/ 19 Oktober 2020/ Vest dalam tiga tahapan:/
1,019,797 shares October 19, 2020 Vests in three phases:
Tahap 1 : 1 Juli 2021/
Phase 1 : July 1, 2021
Tahap 2 : 1 Juli 2022/
Phase 2 : July 1, 2022
Tahap 3 : 1 Juli 2023/
Phase 3 : July 1, 2023
20.844.170 saham/ 4 Juni 2021/ 1 Juni 2021/
20,844,170 shares June 4, 2021 June 1, 2021
354 PT Medco Energi Internasional Tbk 2023 Annual Report
196
Page 357
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
32. TAMBAHAN MODAL DISETOR DAN 32. ADDITIONAL PAID-IN CAPITAL AND SHARE-
PEMBAYARAN BERBASIS SAHAM (lanjutan) BASED PAYMENT (continued)
Informasi lain mengenai pembayaran berbasis Further information relating to share-based
saham adalah sebagai berikut: (lanjutan) payment are as follows: (continued)
Jumlah
penghargaan Tanggal
Penghargaan kepada/ Bentuk program/ Tanggal Vesting/
saham/ pemberian/
Awarded to Type of Program Vesting Date
Number of Grant Date
Shares Awarded
305.939 saham/ 1 Juli 2021/ 1 Juni 2021/
305,939 shares July 1, 2021 June 1, 2021
239.800 saham/ 6 Agustus 2021/ 1 Juni 2021/
239,800 shares August 6, 2021 June 1, 2021
549.500 saham/ 25 Agustus 2021/ 1 Juni 2021/
549,500 shares August 25, 2021 June 1, 2021
98.967 saham/ 22 Oktober 2021/ 1 Juni 2021/
98,967 shares October 22, 2021 June 1, 2021
34.534 saham/ 5 April 2022/ 1 Juni 2022/
34,534 shares April 5, 2022 June 1, 2022
21.657.500 saham/ 1 Juni 2023/ Vest dalam tiga tahapan:/
21,657,500 shares June 1, 2023 Vest in three phases:
Karyawan/Employee
Employee Share Award Program Tahap 1: 1 Juni 2024/
(lanjutan/continued) Phase 1: June 1, 2024
Tahap 2: 1 Juni 2025/
Phase 2: June 1, 2025
Tahap 3: 1 Juni 2026/
Phase 3: June 1, 2026
315.000 saham/ 1 Desember 2023/ Vest dalam tiga tahapan:/
315,000 shares December 1, 2023 Vest in three phases:
Tahap 1: 1 Desember 2024/
Phase 1: December 1, 2024
Tahap 2: 1 Desember 2025/
Phase 2: December 1, 2025
Tahap 3: 1 Desember 2026/
Phase 3: December 1, 2026
Beban yang diakui pada tahun pelaporan adalah The expenses recognized for each of the year are
sebagai berikut: as follows:
2023 2022
Program Pemberian Saham
Manajemen Management Share Award Program
Unblocked share -
- Unblocked share executive level 2.302.806 852.327 executive level
- Unblocked share senior Unblocked share -
management level 739.220 1.198.341 senior management level
Program Pemberian Saham
Karyawan 1.178.131 1.209.370 Employee Share Award Program
Jumlah 4.220.157 3.260.038 Total
33. DAMPAK PERUBAHAN TRANSAKSI EKUITAS 33. EFFECTS OF CHANGES IN EQUITY
ENTITAS ANAK/ENTITAS ASOSIASI TRANSACTIONS OF SUBSIDIARIES/
ASSOCIATES
Pada tanggal 31 Desember 2023 dan 2022, akun As of December 31, 2023 and 2022, this account
ini terutama merupakan selisih dari penambahan mainly represents difference in additional ownership
kepemilikan kepentingan non-pengendali dan of non-controlling interest and changes in equity
perubahan transaksi ekuitas entitas anak/asosiasi. transactions of subsidiaries/associates.
2023 Annual Report PT Medco Energi Internasional Tbk 355
197
Page 358
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
34. PENDAPATAN 34. REVENUES
Di bawah ini adalah disagregasi pendapatan grup Set out below is the disaggregation of the Group’s
dari kontrak dengan pelanggan dan sewa dan total revenue from contracts with customers and
pendapatan bunga untuk tahun yang berakhir pada total lease and finance income for the year ended
tanggal 31 Desember 2023 dan 2022: December 31, 2023 and 2022:
a. Berdasarkan tipe barang atau jasa a. By type of good or service
2023
Kontrak
operasi dan Jumlah
Kontrak jasa penjualan
Kontrak penjualan pelayanan/ Kontrak dari kontrak/ Sewa dan
penjualan listrik/Sales Operation penjualan Total pendapatan
minyak dan Kontrak of and jasa lainnya/ Revenue bunga/
gas bumi/Oil konstruksi/ electricity maintenance Other from contract Lease and
and gas Construction power service service with finance
contract contract contract contract contract customers income Jumlah/Total
Pendapatan dari kontrak Revenue from contracts
dengan pelanggan with customers
Kontrak penjualan Oil and gas sales
minyak dan gas bumi 1.959.199.242 – – – – 1.959.199.242 – 1.959.199.242 contract
Kontrak konstruksi – 163.491.839 – – – 163.491.839 – 163.491.839 Construction contract
Sales of electricity power
Kontrak penjualan listrik – – 48.792.458 – – 48.792.458 – 48.792.458 contracts
Operation and
Kontrak operasi dan jasa maintenance
pelayanan – – – 25.470.325 – 25.470.325 – 25.470.325 contracts
Kontrak penjualan jasa
lainnya – – – – 7.704.333 7.704.333 – 7.704.333 Other service contract
Jumlah pendapatan dari Total revenue from
kontrak 1.959.199.242 163.491.839 48.792.458 25.470.325 7.704.333 2.204.658.197 – 2.204.658.197 contracts
Lease of electricity
Sewa pembangkit listrik – – – – – – 11.867.340 11.867.340 power plant
Pendapatan bunga dari Finance income from
jasa konsesi – – – – – – 31.274.606 31.274.606 service concession
Pendapatan bunga dari Finance income from
sewa – – – – – – 1.537.435 1.537.435 lease
Jumlah pendapatan sewa Total lease and finance
dan bunga – – – – – – 44.679.381 44.679.381 income
Jumlah 1.959.199.242 163.491.839 48.792.458 25.470.325 7.704.333 2.204.658.197 44.679.381 2.249.337.578 Total
2022
(Disajikan kembali — Catatan 39/As restated — Note 39)
Kontrak
operasi dan Jumlah
Kontrak jasa penjualan
Kontrak penjualan pelayanan/ Kontrak dari kontrak/ Sewa dan
penjualan listrik/Sales Operation penjualan Total pendapatan
minyak dan Kontrak of and jasa lainnya/ Revenue bunga/
gas bumi/Oil konstruksi/ electricity maintenance Other from contract Lease and
and gas Construction power service service with finance
contract contract contract contract contract customers income Jumlah/Total
Pendapatan dari kontrak Revenue from contracts
dengan pelanggan with customers
Kontrak penjualan Oil and gas sales
minyak dan gas bumi 2.187.708.633 – – – – 2.187.708.633 – 2.187.708.633 contract
Kontrak konstruksi – 13.576.018 – – – 13.576.018 – 13.576.018 Construction contract
Sales of electricity
Kontrak penjualan listrik – – 34.570.217 – – 34.570.217 – 34.570.217 power contracts
Operation and
Kontrak operasi dan jasa maintenance
pelayanan – – – 25.753.757 – 25.753.757 – 25.753.757 contracts
Kontrak penjualan jasa
lainnya – – – – 8.046.747 8.046.747 – 8.046.747 Other service contract
Jumlah pendapatan dari Total revenue from
kontrak 2.187.708.633 13.576.018 34.570.217 25.753.757 8.046.747 2.269.655.372 – 2.269.655.372 contracts
Lease of electricity
Sewa pembangkit listrik – – – – – – 14.768.781 14.768.781 power plant
Pendapatan bunga dari Finance income from
jasa konsesi – – – – – – 25.683.146 25.683.146 service concession
Pendapatan bunga dari Finance income from
sewa – – – – – – 2.120.303 2.120.303 lease
Jumlah pendapatan sewa Total lease and finance
dan bunga – – – – – – 42.572.230 42.572.230 income
Jumlah 2.187.708.633 13.576.018 34.570.217 25.753.757 8.046.747 2.269.655.372 42.572.230 2.312.227.602 Total
356 PT Medco Energi Internasional Tbk 2023 Annual Report
198
Page 359
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
34. PENDAPATAN (lanjutan) 34. REVENUES (continued)
b. Berdasarkan pasar geografis b. By geographic market
2023
Kontrak
operasi dan
jasa Total
Kontrak Kontrak pelayanan/ Kontrak penjualan Sewa dan
penjualan penjualan Operation penjualan dari kontrak/ pendapatan
minyak dan Kontrak listrik/Sales and jasa lainnya/ Total bunga/
gas bumi/Oil konstruksi/ of electricity maintenance Other revenue from Lease and
and gas Construction power service service contract with finance
contract contract contract contract contract customers income Jumlah/Total
Pasar Geografis Geographic Market
Indonesia 1.027.493.911 163.491.839 48.792.458 25.470.325 7.704.333 1.272.952.866 44.329.953 1.317.282.819 Indonesia
Luar negeri 931.705.331 – – – – 931.705.331 349.428 932.054.759 Foreign
Jumlah 1.959.199.242 163.491.839 48.792.458 25.470.325 7.704.333 2.204.658.197 44.679.381 2.249.337.578 Total
2022
(Disajikan kembali — Catatan 39/As restated — Note 39)
Kontrak
operasi dan
jasa Kontrak Total
Kontrak Kontrak pelayanan/ penjualan penjualan Sewa dan
penjualan penjualan Operation jasa dari kontrak/ pendapatan
minyak dan Kontrak listrik/Sales and lainnya/ Total revenue bunga/
gas bumi/Oil konstruksi/ of electricity maintenance Other from contract Lease and
and gas Construction power service service with finance
contract contract contract contract contract customers income Jumlah/Total
Pasar Geografis Geographic Market
Indonesia 1.281.769.528 13.576.018 34.570.217 25.753.757 8.046.747 1.363.716.267 42.092.564 1.405.808.831 Indonesia
Luar negeri 905.939.105 – – – – 905.939.105 479.666 906.418.771 Foreign
Jumlah 2.187.708.633 13.576.018 34.570.217 25.753.757 8.046.747 2.269.655.372 42.572.230 2.312.227.602 Total
Waktu pengakuan pendapatan didasarkan pada Timing of revenue recognition is based on the
pemenuhan kewajiban kinerja, baik pada titik satisfaction of the performance obligation, either
waktu tertentu atau sepanjang waktu. at a point in time or over time. Generally, the
Umumnya, pendapatan dari kontrak dengan revenue from contracts with customers on oil
pelanggan atas minyak dan gas dan penjualan and gas and sales of electricity power are
tenaga listrik diakui pada suatu waktu, recognized at a point in time, while construction,
sedangkan konstruksi dan operasi dan operation and maintenance and other services
pemeliharaan serta jasa lainnya diakui dari are recognized over time.
sepanjang waktu.
Di bawah ini adalah rekonsiliasi pendapatan Set out below is reconciliation of the revenue
dari kontrak dengan pelanggan dengan jumlah from contracts with customers with the amounts
yang diungkapkan dalam informasi segmen disclosed in the segment information for the
untuk tahun yang berakhir pada tanggal 31 year ended December 31, 2023 and 2022:
Desember 2023 dan 2022:
2023
Kontrak Total
operasi dan penjualan
jasa dari kontrak/
Kontrak Kontrak pelayanan/ Kontrak Total Sewa dan
penjualan penjualan Operation penjualan revenue pendapatan
minyak dan Kontrak listrik/Sales and jasa lainnya/ from bunga/
gas bumi/Oil konstruksi/ of electricity maintenance Other contract Lease and
and gas Construction power service service with finance Jumlah/
contract contract contract contract contract customers income Total
Pelanggan Customers
Pelanggan eksternal 1.959.199.242 163.491.839 48.792.458 25.470.325 7.704.333 2.204.658.197 44.679.381 2.249.337.578 External customers
Antar segmen 176.698.806 – 155.592 26.000 22.587.237 199.467.635 – 199.467.635 Inter-segment
Jumlah 2.135.898.048 163.491.839 48.948.050 25.496.325 30.291.570 2.404.125.832 44.679.381 2.448.805.213 Total
Penyesuaian dan eliminasi Inter-segment adjustment
antar segmen (176.698.806) – (155.592) (26.000) (22.587.237) (199.467.635) – (199.467.635) and elimination
Jumlah 1.959.199.242 163.491.839 48.792.458 25.470.325 7.704.333 2.204.658.197 44.679.381 2.249.337.578 Total
2023 Annual Report PT Medco Energi Internasional Tbk 357
199
Page 360
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
34. PENDAPATAN (lanjutan) 34. REVENUES (continued)
b. Berdasarkan pasar geografis (lanjutan) b. By geographic market (continued)
2022
(Disajikan kembali — Catatan 39/As restated — Note 39)
Kontrak
operasi dan
jasa Total
Kontrak Kontrak pelayanan/ Kontrak penjualan Sewa dan
penjualan penjualan Operation penjualan dari kontrak/ pendapatan
minyak dan Kontrak listrik/Sales and jasa lainnya/ Total revenue bunga/
gas bumi/Oil konstruksi/ of electricity maintenance Other from contract Lease and
and gas Construction power service service with finance
contract contract contract contract contract customers income Jumlah/Total
Pelanggan Customers
Pelanggan eksternal 2.187.708.633 13.576.018 34.570.217 25.753.757 8.046.747 2.269.655.372 42.572.230 2.312.227.602 External customers
Antar segmen 74.910.660 – 10.221 – 8.679.496 83.600.377 – 83.600.377 Inter-segment
Jumlah 2.262.619.293 13.576.018 34.580.438 25.753.757 16.726.243 2.353.255.749 42.572.230 2.395.827.979 Total
Inter-segment
Penyesuaian dan eliminasi adjustment and
antar segmen (74.910.660) – (10.221) – (8.679.496) (83.600.377) – (83.600.377) elimination
Jumlah 2.187.708.633 13.576.018 34.570.217 25.753.757 8.046.747 2.269.655.372 42.572.230 2.312.227.602 Total
c. Berdasarkan pelanggan c. By Customer
2022
(Disajikan kembali/
As Restated -
Catatan/
2023 Note 39)
Pihak berelasi Related parties
PT Medco Daya Natuna 455.225 609.746 PT Medco Daya Natuna
PT Bahtera Daya Makmur 42.432 744.247 PT Bahtera Daya Makmur
PT Medco Daya Makmur 40.410 1.170.237 PT Medco Daya Makmur
PT Api Metra Graha 9.010 53.530 PT Api Metra Graha
PT Medco Daya Energi Nusantara 665 3.267 PT Medco Daya Energi Nusantara
Sub-jumlah 547.742 2.581.027 Sub-total
Pihak ketiga Third parties
Pelanggan dalam negeri 1.316.735.077 1.403.227.804 Local customers
Pelanggan luar negeri 932.054.759 906.418.771 Foreign customers
Sub-jumlah 2.248.789.836 2.309.646.575 Sub-total
Jumlah 2.249.337.578 2.312.227.602 Total
Rincian pendapatan dari pelanggan yang The details of revenues from customers which
melebihi 10% dari jumlah pendapatan yang exceeded 10% of the total revenues for each
dilaporkan berasal dari: year are as follows:
2023 2022
% Terhadap % Terhadap
Total Total
Pendapatan/ Pendapatan/
Jumlah/ % of Total Jumlah/ % of Total
Amount Revenue Amount Revenue
Glencore Singapore Pte Ltd 414.436.783 18,42% 195.519.031 8,46% Glencore Singapore Pte Ltd
PT Perusahaan Gas Negara Tbk 377.157.125 16,77% 371.437.411 16,06% PT Perusahaan Gas Negara Tbk
PT Kilang Pertamina PT Kilang Pertamina
Internasional 119.207.587 5,30% 235.152.529 10,17% Internasional
Jumlah 910.801.495 802.108.971 Total
358 PT Medco Energi Internasional Tbk 2023 Annual Report
200
Page 361
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
35. BEBAN POKOK PENDAPATAN DAN BIAYA 35. COST OF REVENUES AND OTHER DIRECT
LANGSUNG LAINNYA COSTS
Grup mempunyai beban-beban sebagai berikut The Group incurred the following costs to operate,
dalam mengoperasikan, memproses dan menjual process and sell its products and services:
produk dan jasanya:
a. Biaya Produksi dan Lifting a. Production and Lifting Costs
Akun ini terdiri dari: This account consists of:
2022
(Disajikan kembali/
As Restated -
Catatan/
2023 Note 39)
Biaya overhead operasi lapangan 212.800.183 181.339.644 Field operations overhead
Operasi dan pemeliharaan 106.056.414 96.692.515 Operations and maintenance
Biaya kontrak minyak dan gas bumi 53.691.681 36.755.361 Cost of oil and gas contracts
Pendukung operasi 31.073.913 14.697.485 Operational support
Pipeline cost and transportation
Biaya pipa dan transportasi 2.262.992 5.000.353 fees
Jumlah 405.885.183 334.485.358 Total
b. Beban Pokok Penjualan Tenaga Listrik dan Jasa b. Cost of Electric Power Sales and Related
Terkait Lainnya Services
Akun ini terdiri dari: This account consists of:
2022
(Disajikan kembali/
As Restated -
Catatan/
2023 Note 39)
Biaya konstruksi 138.761.782 11.908.788 Construction costs
Biaya produksi listrik 29.435.645 13.332.885 Electricity production costs
Operasi dan pemeliharaan 15.092.242 13.319.794 Operations and maintenance
Gaji dan imbalan 6.288.838 6.292.778 Salaries and benefits
Jumlah 189.578.507 44.854.245 Total
2023 Annual Report PT Medco Energi Internasional Tbk 359
201
Page 362
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
35. BEBAN POKOK PENDAPATAN DAN BIAYA 35. COST OF REVENUES AND OTHER DIRECT
LANGSUNG LAINNYA (lanjutan) COSTS (continued)
Grup mempunyai beban-beban sebagai berikut The Group incurred the following costs to operate,
dalam mengoperasikan, memproses dan menjual process and sell its products and services:
produk dan jasanya: (lanjutan) (continued)
c. Penyusutan, Deplesi dan Amortisasi c. Depreciation, Depletion and Amortization
Akun penyusutan, deplesi dan amortisasi, This account represents depreciation, depletion
adalah sebagai berikut: and amortization for the following:
2022
(Disajikan kembali/
As Restated -
Catatan/
2023 Note 39)
Operasi minyak dan gas bumi 445.686.346 554.298.552 Oil and gas operations
Tenaga listrik 5.970.607 4.200.660 Electric power
Kontrak lainnya dan jasa terkait 1.473.890 3.010.511 Other contracts and related services
Jumlah 453.130.843 561.509.723 Total
d. Beban Eksplorasi d. Exporation Expenses
Akun ini terdiri dari: This account consists of:
2022
(Disajikan kembali/
As Restated -
Catatan/
2023 Note 39)
Overhead eksplorasi 7.979.998 12.874.815 Exploration overhead
Sumur kering 14.360 137.316 Dry hole
Jumlah 7.994.358 13.012.131 Total
e. Biaya Pembelian Minyak Mentah e. Cost of Crude Oil Purchases
Akun ini terdiri dari biaya pembelian minyak This account consists of cost of crude oil
mentah oleh Grup dari SKK Migas, PT purchased by the Group from SKK Migas, PT
Pertamina Hulu Energi Tomori Sulawesi, PT Pertamina Hulu Energi Tomori Sulawesi, PT
Pertamina Hulu Energi Jambi Merang, PT Pertamina Hulu Energi Jambi Merang, PT
Pertamina EP, PT Medco Daya Natuna, PT Pertamina EP, PT Medco Daya Natuna, PT
Medco Daya Abadi Lestari, dan Oman Oil Medco Daya Abadi Lestari and Oman Oil
Company Exploration and Production (OOCEP) Company Exploration and Production (OOCEP)
PXF B.V. PXF B.V.
Tidak terdapat pembelian dari satu pihak yang There were no purchases from a single vendor
melebihi 10% dari pendapatan untuk tahun which exceeded 10% of the total revenues for
yang berakhir pada tanggal 31 Desember 2023 the year ended December 31, 2023 and 2022.
dan 2022.
360 PT Medco Energi Internasional Tbk 2023 Annual Report
202
Page 363
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
36. BEBAN PENJUALAN, UMUM, DAN 36. SELLING, GENERAL AND ADMINISTRATIVE
ADMINISTRASI EXPENSES
Akun ini terdiri dari: This account consists of:
2022
(Disajikan kembali/
As Restated -
Catatan/
2023 Note 39)
Umum dan administrasi General and administrative
Salaries, wages and other employee
Gaji, upah dan imbalan kerja lainnya 130.549.749 113.973.552 benefits
Honorarium profesional 32.869.928 24.546.632 Professional fees
Sewa 11.322.315 12.532.033 Rental
Beban kontrak 10.674.715 9.195.412 Contract charges
Penyusutan (Catatan 15 dan 16) 9.775.067 5.773.095 Depreciation (Notes 15 and 16)
Perawatan dan perbaikan 8.271.883 8.713.799 Repairs and maintenance
Jasa 7.439.944 22.435.999 Service
Asuransi 3.818.154 3.878.058 Insurance
Pendidikan 2.055.838 1.639.198 Education
Peralatan dan perlangkapan kantor 970.632 1.020.991 Office supplies and equipment
Pemulihan kerugian kredit
ekspektasian (3.699.236) (2.382.780) Recovery for expected credit loss
Lain-lain (dibawah AS$1.000.000) 16.331.097 9.187.053 Others (each below US$1,000,000)
Sub-jumlah 230.380.086 210.513.042 Sub-total
Penjualan Selling
Iklan dan promosi 5.773.795 4.827.977 Advertising and promotions
Perjalanan dinas 5.017.845 4.174.931 Business travel
Beban ekspor 66.725 189.983 Export expenses
Beban jamuan 131.262 150.855 Entertainment
Sub-jumlah 10.989.627 9.343.746 Sub-total
Jumlah 241.369.713 219.856.788 Total
37. PENDAPATAN DAN BEBAN LAIN-LAIN 37. OTHER INCOME AND OTHER EXPENSES
a. Pendapatan bunga a. Interest income
Pendapatan bunga terutama merupakan Interest income mostly represents interest
pendapatan bunga dari pinjaman pemegang income from shareholder loan of Transasia
saham Transasia Pipeline Company Ltd. Pipeline Company Ltd. (Note 14). Interest
(Catatan 14). Pendapatan bunga juga termasuk income also includes interest from advances
pendapatan bunga dari uang muka yang pertaining to crude oil transaction and interests
dikenakan bunga terkait dengan transaksi from banks and deposit.
minyak mentah, bunga bank dan deposito.
2023 Annual Report PT Medco Energi Internasional Tbk 361
203
Page 364
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
37. PENDAPATAN DAN BEBAN LAIN-LAIN 37. OTHER INCOME AND OTHER EXPENSES
(lanjutan) (continued)
b. Pendapatan lain-lain b. Other income
Akun ini terdiri dari: This account consists of:
2022
Disajikan kembali/
As Restated -
Catatan/
2023 Note 39
Keuntungan dari pencairan obligasi 5.720.099 7.645.066 Gain on bond redemption
Klaim arbitrase 5.138.056 – Arbitration claim
Imbalan manajemen kepada
rekanan PSC 5.080.900 3.818.678 Management fee to PSC partners
Keuntungan dari divestasi 2.221.215 – Gain on divestment
Klaim asuransi 542.367 2.673.923 Insurance claim
Keuntungan dari surat berharga Gain on marketable securities
yang belum direalisasikan 27.630 3.086.438 unrealised
Keuntungan dari penilaian pinjaman – 2.439.722 Gain on loan valuation
Kompensasi atas penundaan proyek Compensation on MRPR project
MRPR – 2.228.919 delay
Keuntungan dari selisih nilai tukar – 13.388.639 Gain on foreign exchange
Lain-lain 7.213.383 7.088.758 Others
Jumlah 25.943.650 42.370.143 Total
c. Beban lain-lain c. Other expenses
Akun ini terdiri dari: This account consists of:
2022
Disajikan kembali/
As Restated -
Catatan/
2023 Note 39
Provisi dan Penghapusan PPN (43.820.134) (12.305.457) Provision and Write-off VAT
Kerugian atas penyesuaian nilai Loss on fair value adjustment on
wajar investasi dan aset investments and other financial
keuangan lainnya (12.400.759) (18.865.973) assets
Kerugian dari selisih nilai tukar (3.937.901) – Loss on foreign exchange
Penalti dan pajak non-korporasi – (30.447.611) Penalty and non-corporate taxes
Penelitian dan pengembangan bisnis – (7.571.513) Business research and development
Lain-lain (4.481.393) (4.881.680) Others
Jumlah (64.640.187) (74.072.234) Total
362 PT Medco Energi Internasional Tbk 2023 Annual Report
204
Page 365
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
38. PERPAJAKAN 38. TAXATION
a. Beban pajak Perusahaan dan entitas anak a. Income tax expense of the Company and
terdiri dari sebagai berikut: subsidiaries consists of the following:
2022
(Disajikan kembali/
As Restated -
Catatan/
2023 Note 39)
Operasi yang dilanjutkan Continuing Operations
Beban pajak kini Current income tax expense
Perusahaan - Tahun lalu (1.269.886) – The Company - Prior year
Entitas anak (429.235.499) (487.160.949) Subsidiaries
Sub-jumlah (430.505.385) (487.160.949) Sub-total
Manfaat (beban) pajak tangguhan Deferred tax benefit (expense)
Perusahaan (9.548.546) (1.169.976) The Company
Entitas anak 100.387.551 (19.641.053) Subsidiaries
Sub-jumlah 90.839.005 (20.811.029) Sub-total
Jumlah Beban Pajak dari Operasi Total Income Tax Expense
yang dilanjutkan (339.666.380) (507.971.978) Continuing Operations
b. Pajak Kini b. Current Income Tax
Rekonsiliasi antara laba sebelum beban pajak A reconciliation between profit before income
penghasilan dari operasi yang dilanjutkan tax expense from continuing operations per
menurut laporan laba rugi dan penghasilan consolidated statements of profit or loss and
komprehensif lain konsolidasian dan laba kena other comprehensive income and the
pajak (rugi fiskal) Perusahaan adalah sebagai Company’s taxable income (tax loss) is as
berikut: follows:
2022
(Disajikan kembali/
As Restated -
Catatan/
2023 Note 39)
Laba konsolidasian sebelum beban Consolidated profit before income
pajak penghasilan dari operasi tax expense from continuing
yang dilanjutkan 727.853.432 1.046.109.327 operations
Penyesuaian konsolidasi (10.538.885) (336.653.629) Consolidation adjustment
Laba sebelum beban pajak Profit before income tax expense of
penghasilan entitas anak (629.463.737) (809.632.489) subsidiaries
Laba (rugi) sebelum pajak - Profit (loss) before income tax - the
Perusahaan 87.850.810 (100.176.791) Company
Pendapatan dividen dari entitas
Dividend income from subsidiaries
anak 165.808.088 190.113.617
Jumlah laba (rugi) sebelum pajak - Total profit (loss) before income tax -
Perusahaan 253.658.898 89.936.826 the Company
2023 Annual Report PT Medco Energi Internasional Tbk 363
205
Page 366
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
38. PERPAJAKAN (lanjutan) 38. TAXATION (continued)
b. Pajak Kini (lanjutan) b. Current Income Tax (continued)
Rekonsiliasi antara laba sebelum beban pajak A reconciliation between profit before income
penghasilan dari operasi yang dilanjutkan tax expense from continuing operations per
menurut laporan laba rugi dan penghasilan consolidated statements of profit or loss and
komprehensif lain konsolidasian dan laba kena other comprehensive income and the
pajak (rugi fiskal) Perusahaan adalah sebagai Company’s taxable income (tax loss) is as
berikut: (lanjutan) follows: (continued)
2022
(Disajikan kembali/
As Restated -
Catatan/
2023 Note 39)
Perbedaan temporer Temporary differences
Keuntungan atas dilusi investasi Gain on dilution of long-term
jangka panjang (83.839.822) – investment
Keuntungan surat berharga yang Unrealized Gain on marketable
belum direalisasikan (27.630) (3.086.437) securities
Pembayaran berbasis saham – 1.900.620 Share-based payment
Imbalan kerja 3.003.668 (107.776) Employee benefits
Penyusutan 2.858.319 1.256.072 Depreciation
Bagian laba dari entitas asosiasi (59.515.606) – Share of net income of associates
(Laba) rugi nilai wajar atas aset (Gain) loss on Fair Value of
keuangan (45.390.405) – Financial Assets
Perbedaan tetap Permanent differences
Pendapatan bunga 45.192.105 33.935.674 Interest income
Imbalan kerja lainnya 3.156.562 – Other employee benefits
Beban yang tidak dapat dikurangkan 22.156.118 4.777.847 Non-deductible expenses
Pendapatan yang dikenai pajak final (2.248.375) (2.203.486) Income subjected to final income tax
Pendapatan dividen dari entitas
anak (165.808.088) (190.113.617) Dividend income from subsidiaries
Rugi fiskal tahun berjalan -
Perusahaan (26.804.256) (63.704.277) Tax loss for the year - the Company
Rugi fiskal tahun lalu (63.704.280) (8.321.274) Prior year tax losses
Rugi fiskal kumulatif - Perusahaan (90.508.536) (72.025.551) Accumulated tax loss - the Company
Beban pajak tahun berjalan – – Income tax expense for the year
Dikurangi pembayaran Pajak
Penghasilan di muka pasal 23 dan Less prepayment of income tax
25 10.732 771.081 article 23 and 25
Kelebihan Pajak Penghasilan Overpayment of Corporate
Badan 10.732 771.081 Income Tax
Jumlah rugi fiskal Perusahaan untuk tahun The amount of the Company’s tax loss for the
2023, sesuai dengan perhitungan di atas akan year 2023, as stated in the above, will be
dilaporkan oleh Perusahaan dalam Surat reported by the Company in its 2023 income tax
Pemberitahuan Tahunan (“SPT”) PPh badan return (“SPT”) to be submitted to the Tax Office.
tahun 2023 ke Kantor Pajak.
Jumlah rugi fiskal Perusahaan untuk tahun The amount of the Company’s tax loss for the
2022, sesuai dengan perhitungan di atas telah year 2022, as stated in the above, has been
dilaporkan oleh Perusahaan dalam Surat reported by the Company in its annual income
Pemberitahuan Tahunan (“SPT”) PPh badan tax return (“SPT”) to the Tax Office.
tahun 2022 ke Kantor Pajak.
364 PT Medco Energi Internasional Tbk 2023 Annual Report
206
Page 367
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
38. PERPAJAKAN (lanjutan) 38. TAXATION (continued)
b. Pajak Kini (lanjutan) b. Current Income Tax (continued)
Berdasarkan Surat Ketetapan Pajak tahun Based on 2021 Tax Assessment Letter, in 2023,
2021, pada tahun 2023, Perusahaan telah the Company has recorded adjustment of
mencatat penyesuaian atas laba/rugi fiskal, taxable income balance for 2021 tax period to
sehingga laba fiskal untuk tahun 2021 menjadi US$5,772,208 and there is additional income
sebesar AS$5.772.208 dan terdapat tambahan tax payable amounting to US$1,269,886 which
pajak penghasilan terutang sebesar recognized as current income tax expense in
AS$1.269.886 yang diakui sebagai beban pajak 2023 consolidated statement of profit or loss
kini pada laporan laba rugi dan penghasilan and other comprehensive income. Furthermore,
komprehensif konsolidasian tahun 2023. Selain the Company also received Tax Overpayment
itu, Perusahaan juga menerima Surat Ketetapan Assessment Letter (SKPLB) for Value Added
Pajak Lebih Bayar (SKPLB) untuk Pajak Tax (VAT) of December 2021 Tax Period
Pertambahan Nilai (PPN) untuk masa pajak amounting to Rp658,967,412.
Desember 2021, di mana terdapat jumlah lebih
bayar Perusahaan sebesar Rp658.967.412.
c. Pajak Tangguhan c. Deferred Tax
31 Desember 2023/December 31, 2023
(Dibebankan)
Aset/Liabilitas pajak Dikreditkan ke
tangguhan atas laporan laba rugi
entitas anak yang dan penghasilan
diklasifikasikan komprehensif
sebagai milik untuk lain
dijual dan operasi konsolidasian/
yang dihentikan/ (Charged)
Deferred tax assets/ Credited to
liabilities of consolidated
subsidiaries statement of
Penambahan classified as held for profit or other 31 Desember
dari akuisisi/ sale and loss and 2023/
1 Januari 2023/ Addition from discontinued comprehensive December 31,
January 1, 2023 acquisition operations income 2023
Aset Pajak Tangguhan Deferred Tax Assets
Biaya yang belum Unrecovered costs
terpulihkan 122.158.281 – – (3.766.702) 118.391.579
Liabilitas pembongkaran Asset abandonment and
dan restorasi area site restoration
13.684.183 – – (187.002) 13.497.181 obligations
Liabilitas sewa pembiayaan 21.486.099 – – (14.977.039) 6.509.060 Finance lease liabilities
Keuntungan/kerugian mata
uang asing yang belum Unrealized gain/loss of
direalisasi 3.067.202 – – (1.734.018) 1.333.184 foreign exchange
Property, plant and
Aset tetap 2.158.316 – – (1.137.965) 1.020.351 equipment
Liabilitas imbalan kerja 765.659 – – 237.919 1.003.578 Employee benefit liabilities
Liabilitas kontrak 583.076 – – (153.648) 429.428 Contract liabilities
Persediaan 104.962 – – (33.030) 71.932 Inventories
Penurunan nilai Pajak Impairment of Value Added
Pertambahan Nilai 1.241.973 – – (1.213.472) 28.501 Tax
Rugi fiskal yang dibawa ke
masa depan – – – — — Tax loss carryforward
Piutang Sewa Pembiayaan (10.269.993) – – 10.164.063 (105.930) Finance lease receivables
Aset minyak dan gas bumi (104.947.630) 86.800.074 – 20.578.104 2.430.548 Oil and gas properties
Aset Hak Guna (10.718.107) – – 4.382.712 (6.335.395) Right-of-use assets
Lainnya (7.939) – – (1.872) (9.811) Others
Aset Pajak Tangguhan - Net Deferred Tax Assets -
Grup - Neto 39.306.082 86.800.074 – 12.158.050 138.264.206 the Group
2023 Annual Report PT Medco Energi Internasional Tbk 365
207
Page 368
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
38. PERPAJAKAN (lanjutan) 38. TAXATION (continued)
c. Pajak Tangguhan (lanjutan) c. Deferred Tax (continued)
31 Desember 2023/December 31, 2023
(Dibebankan)
Aset/Liabilitas pajak Dikreditkan ke
tangguhan atas laporan laba rugi
entitas anak yang dan penghasilan
diklasifikasikan komprehensif
sebagai milik untuk lain
dijual dan operasi konsolidasian/
yang dihentikan/ (Charged)
Deferred tax assets/ Credited to
liabilities of consolidated
subsidiaries statement of
Penambahan classified as held for profit or other 31 Desember
dari akuisisi/ sale and loss and 2023/
1 Januari 2023/ Addition from discontinued comprehensive December 31,
January 1, 2023 acquisition operations income 2023
Liabilitas Pajak Deferred Tax Liabilities
Tangguhan
Aset minyak dan gas bumi (735.785.821) (86.800.074) – 90.583.540 (732.002.355) Oil and gas properties
Penyesuaian nilai wajar Fair value adjustment of
investasi pada entitas investment in
anak/entitas asosiasi (67.424.340) – – (2.645.938) (70.070.278) subsidiaries/ associate
Piutang sewa pembiayaan (35.029.544) – – (10.349.595) (45.379.139) Finance lease receivables
Aset Hak Guna (31.087.200) – – (7.640.767) (38.727.967) Right-of-use assets
Aset keuangan konsesi (19.248.002) – – (4.331.974) (23.579.976) Concession financial assets
Instrumen lindung nilai (5.221.824) – – (6.144.532) (11.366.356) Hedging instruments
Dividen anak perusahaan
yang belum Subsidiary dividends that
terdistribusikan (9.135.886) – – 667.653 (8.468.233) have not been distributed
Property, plant and
Aset tetap 9.307.938 – – (9.504.338) (196.400) equipment
Pembayaran berbasis
saham (45.144) – – – (45.144) Share-based payment
Kerugian kredit
ekspektasian 69.034 – – (41.968) 27.066 Expected credit loss
Persediaan 210.058 – – 582.956 793.014 Inventories
Liabilitas kontrak 13.762.486 – – (10.962.195) 2.800.291 Contract liabilities
Keuntungan/kerugian mata
uang asing yang belum Unrealized gain/loss of
direalisasi 1.424.857 – – 1.859.996 3.284.853 foreign exchange
Asset abandonment and
Liabilitas pembongkaran site restoration
dan restorasi area 13.648.860 – – (5.329.588) 8.319.272 obligations
Rugi fiskal yang dibawa ke
masa depan 9.465.044 – – 2.793.349 12.258.393 Tax loss carry forward
Liabilitas imbalan kerja 13.979.689 – – (318.324) 13.661.365 Employee benefit liabilities
Biaya yang belum
terpulihkan 71.536.997 – – 4.838.495 76.375.492 Unrecovered costs
Liabilitas sewa pembiayaan 46.110.146 – – 34.744.425 80.854.571 Finance lease liabilities
Lainnya (806.703) – – 1.298.655 491.952 Others
Liabilitas Pajak
Tangguhan - Grup - Net Deferred Tax liabilities
Neto (724.269.355) (86.800.074) – 80.099.850 (730.969.579) - the Group
Jumlah Beban Pajak Total Deferred Tax
Tangguhan Grup 92.257.900 Expense of the Group
Beban Pajak Tangguhan Deferred Tax Expense
dari penghasilan from other
komprehensif lain (4.767.791) comprehensive income
Dampak selisih kurs 3.348.896 Effect of foreign exchange
Beban Pajak Tangguhan Net Deferred Tax Expense
Neto dari Operasi yang from Continuing
Dilanjutkan 90.839.005 Operations
366 PT Medco Energi Internasional Tbk 2023 Annual Report
208
Page 369
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
38. PERPAJAKAN (lanjutan) 38. TAXATION (continued)
c. Pajak Tangguhan (lanjutan) c. Deferred Tax (continued)
31 Desember 2022/ December 31, 2022
(Dibebankan)
Aset/Liabilitas pajak Dikreditkan ke
tangguhan atas laporan laba rugi
entitas anak yang dan penghasilan
diklasifikasikan komprehensif
sebagai milik untuk lain
dijual dan operasi konsolidasian/
yang dihentikan/ (Charged)
Deferred tax assets/ Credited to
liabilities of consolidated
subsidiaries statement of
Penambahan classified as held for profit or other 31 Desember
dari akuisisi/ sale and loss and 2022/
1 Januari 2022/ Addition from discontinued comprehensive December 31,
January 1, 2022 acquisition operations income 2022
Aset Pajak Tangguhan Deferred Tax Assets
Biaya yang belum
terpulihkan 140.340.566 – – (18.182.285) 122.158.281 Unrecovered costs
Asset abandonment and
Liabilitas pembongkaran site restoration
dan restorasi area 11.232.349 – – 2.451.834 13.684.183 obligations
Keuntungan/kerugian mata
uang asing yang belum Unrealized gain/loss of
direalisasi 1.859.036 – – 1.208.166 3.067.202 foreign exchange
Property, plant and
Aset tetap 1.083.599 – – 1.074.717 2.158.316 equipment
Penurunan nilai Pajak Impairment of Value Added
Pertambahan Nilai – – – 1.241.973 1.241.973 Tax
Liabilitas imbalan kerja 933.440 – – (167.781) 765.659 Employee benefit liabilities
Liabilitas kontrak 330.536 – – 252.540 583.076 Contract liabilities
Liabilitas sewa pembiayaan 85.239 – – 412.760 497.999 Finance lease liabilities
Persediaan (43.952) – – 148.914 104.962 Inventories
Rugi fiskal yang dibawa ke
masa depan 41.710 – – (41.710) – Tax loss carryforward
Aset minyak dan gas bumi (104.922.972) – – (24.658) (104.947.630) Oil and gas properties
Lainnya (13.190) – – 5.251 (7.939) Others
Aset Pajak Tangguhan - Net Deferred Tax Assets -
Grup - Neto 50.926.361 – – (11.620.279) 39.306.082 the Group
2023 Annual Report PT Medco Energi Internasional Tbk 367
209
Page 370
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
38. PERPAJAKAN (lanjutan) 38. TAXATION (continued)
c. Pajak Tangguhan (lanjutan) c. Deferred Tax (continued)
31 Desember 2022/December 31, 2022
(Dibebankan)
Aset/Liabilitas pajak Dikreditkan ke
tangguhan atas laporan laba rugi
entitas anak yang dan penghasilan
diklasifikasikan komprehensif
sebagai milik untuk lain
dijual dan operasi konsolidasian/
yang dihentikan/ (Charged)
Deferred tax assets/ Credited to
liabilities of consolidated
subsidiaries statement of
Penambahan classified as held for profit or other 31 Desember
dari akuisisi/ sale and loss and 2022/
1 Januari 2022/ Addition from discontinued comprehensive December 31,
January 1, 2022 acquisition operations income 2022
Liabilitas Pajak
Tangguhan Deferred Tax Liabilities
Aset minyak dan gas bumi (394.802.705) (335.809.284) 12.504.167 (17.677.999) (735.785.821) Oil and gas properties
Penyesuaian nilai wajar Fair value adjustment of
investasi pada entitas investment in
anak/entitas asosiasi (80.282.211) – – 12.857.871 (67.424.340) subsidiaries/ associate
Piutang sewa pembiayaan (33.688.643) – – 12.109.483 (21.579.160) Finance lease receivables
Aset keuangan konsesi (17.900.274) – – (1.347.728) (19.248.002) Concession financial assets
Dividen anak perusahaan
yang belum Subsidiary dividends that
terdistribusikan (10.411.022) – – 1.275.136 (9.135.886) have not been distributed
Instrumen lindung nilai 1.340.764 – – (6.562.588) (5.221.824) Hedging instruments
Pembayaran berbasis
saham (45.144) – – – (45.144) Share-based payment
Kerugian kredit
ekspektasian 346.580 – – (277.546) 69.034 Expected credit loss
Persediaan (1.942.755) (667.883) 1.275.900 1.544.796 210.058 Inventories
Keuntungan/kerugian mata
uang asing yang belum Unrealized gain/loss of
direalisasi 162.957 – – 1.261.900 1.424.857 foreign exchange
Property, plant and
Aset tetap 17.819.141 – – (8.511.203) 9.307.938 equipment
Rugi fiskal yang dibawa ke
masa depan 8.392.246 – – 1.072.798 9.465.044 Tax loss carry forward
Asset abandonment and
Liabilitas pembongkaran site restoration
dan restorasi area 18.872.089 (476.698) (3.200.741) (1.545.790) 13.648.860 obligations
Liabilitas kontrak 3.097.626 20.706.954 – (10.042.094) 13.762.486 Contract liabilities
Liabilitas imbalan kerja 6.974.991 1.548.617 – 5.456.081 13.979.689 Employee benefit liabilities
Liabilitas sewa pembiayaan 2.129.446 1.164.281 (384.488) (1.336.677) 1.572.562 Finance lease liabilities
Biaya yang belum
terpulihkan 65.479.013 – – 6.057.984 71.536.997 Unrecovered costs
Lainnya 9.126.830 – – (9.933.533) (806.703) Others
Liabilitas Pajak
Tangguhan - Grup - Net Deferred Tax liabilities
Neto (405.331.071) (313.534.013) 10.194.838 (15.599.109) (724.269.355) - the Group
Jumlah Beban Pajak
Total Deferred Tax
Tangguhan Grup
(27.219.388) Expense of the Group
Beban Pajak Tangguhan Deferred Tax Expense
dari penghasilan from other
komprehensif lain 7.187.478 comprehensive income
Dampak selisih kurs (779.119) Effect of foreign exchange
Beban Pajak Tangguhan Net Deferred Tax Expense
Neto dari Operasi yang from Continuing
Dilanjutkan (20.811.029) Operations
368 PT Medco Energi Internasional Tbk 2023 Annual Report
210
Page 371
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
38. PERPAJAKAN (lanjutan) 38. TAXATION (continued)
c. Pajak Tangguhan (lanjutan) c. Deferred Tax (continued)
Pada tanggal 31 Desember 2023 dan 2022, As of December 31, 2023 and 2022, the
aset pajak tangguhan yang tidak diakui adalah unrecognized deferred tax assets amounted to
masing-masing sebesar AS$87.482.700 dan US$87,482,700 and US$22,032,985
AS$22.032.985 dari rugi fiskal yang dapat respectively resulted from the tax losses carried
dikompensasi dan biaya yang belum forward and unrecovered costs. These tax
terpulihkan. Rugi fiskal tersebut terkait kepada losses relate to subsidiaries which have
entitas anak yang masih mengalami kerugian, incurred losses, have not yet expired and may
belum kadaluwarsa dan tidak dapat digunakan not be used to offset taxable profits elsewhere
untuk disalinghapuskan dengan penghasilan in the Group and unrecovered costs that relates
kena pajak entitas lain dalam Grup dan biaya to subsidiaries involved in oil and gas
yang belum terpulihkan terkait entitas anak exploration and production which will be
yang bergerak dalam eksplorasi dan produksi recovered through sales of oil and gas when the
minyak dan gas bumi yang dapat terpulihkan production started.
melalui penjualan minyak dan gas bumi ketika
sudah berproduksi.
Pada tanggal 31 Desember 2023 dan 2022, As of December 31, 2023 and 2022, the Group
Grup memiliki estimasi rugi pajak sebagai has an estimated tax losses carry forward as
berikut: follows:
Tahun
kadaluwarsa/
Expiry year 2023
Tahun pajak 2023 2028 56.096.082 2023 fiscal year
Tahun pajak 2022 2027 76.192.539 2022 fiscal year
Tahun pajak 2021 2026 37.272.179 2021 fiscal year
Tahun pajak 2020 2025 28.894.577 2020 fiscal year
Tahun pajak 2019 2024 18.712.874 2019 fiscal year
Jumlah 217.168.251 Total
Tahun
kadaluwarsa/
Expiry year 2022
Tahun pajak 2022 2027 78.683.877 2022 fiscal year
Tahun pajak 2021 2026 52.890.693 2021 fiscal year
Tahun pajak 2020 2025 40.446.498 2020 fiscal year
Tahun pajak 2019 2024 21.407.470 2019 fiscal year
Tahun pajak 2018 2023 30.113.484 2018 fiscal year
Jumlah 223.542.022 Total
2023 Annual Report PT Medco Energi Internasional Tbk 369
211
Page 372
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
38. PERPAJAKAN (lanjutan) 38. TAXATION (continued)
d. Rekonsiliasi antara beban pajak dengan hasil d. A reconciliation between the income tax
perhitungan menggunakan tarif pajak statutory expense and the amount computed by applying
yang berlaku atas laba konsolidasian sebelum the statutory tax rate to consolidated profit
beban pajak penghasilan dari operasi yang before income tax expense from continuing
dilanjutkan adalah sebagai berikut: operations is as follows:
2022
(Disajikan kembali/
As Restated -
Catatan/
2023 Note 39)
Laba konsolidasian sebelum beban Consolidated profit before income
pajak penghasilan dari operasi tax expense from continuing
yang dilanjutkan 727.853.432 1.046.109.327 operations
Beban pajak menggunakan tarif
pajak efektif yang berlaku (321.398.526) (362.398.255) Tax expense using statutory tax rate
Dampak pajak dari perbedaan tetap (35.141.116) (174.821.994) Tax effects of permanent differences
Aset pajak tangguhan yang tidak
diakui 5.049.715 29.248.271 Unrecognized deferred tax assets
Penyesuaian pajak tahun lalu (1.269.886) – Prior year tax adjustment
Beda temporer atas entitas asosiasi Temporary difference on investment
yang tidak diakui 13.093.433 – is not recognized
Beban Pajak – Neto (339.666.380) (507.971.978) Tax Expense – Net
39. ASET TIDAK LANCAR YANG 39. NON-CURRENT ASSETS CLASSIFIED AS HELD
DIKLASIFIKASIKAN SEBAGAI DIMILIKI UNTUK FOR SALE AND DISCONTINUED OPERATIONS
DIJUAL DAN OPERASI YANG DIHENTIKAN
Aset tidak lancar yang diklasifikasikan sebagai Non-current assets classified as held for sale and
dimiliki untuk dijual dan operasi yang dihentikan discontinued operations
Rincian dari akun ini adalah sebagai berikut: The details of this account are as follows:
2023 2022
Ophir Vietnam Blok 12W B.V. 117.465.591 101.899.745 Ophir Vietnam Block 12W B.V.
Medco International Ventures Limited 74.007.929 – Medco International Ventures Limited
PT Medco Downstream Indonesia 617.173 813.803 PT Medco Downstream Indonesia
Medco Energi US LLC 59.781 68.200 Medco Energi US LLC
APICO LLC – 26.703.283 APICO LLC
Jumlah 192.150.474 129.485.031 Total
Liabilitas yang secara langsung berhubungan Liabilities directly associated with the non-current
dengan aset tidak lancar yang diklasifikasikan assets classified as held for sale and discontinued
sebagai dimiliki untuk dijual dan operasi yang operations
dihentikan
Rincian dari akun ini adalah sebagai berikut: The details of this account are as follows:
2023 2022
Ophir Vietnam Blok 12W B.V. 63.237.328 68.227.057 Ophir Vietnam Block 12W B.V.
PT Medco Downstream Indonesia 8.860.318 6.033.669 PT Medco Downstream Indonesia
Medco International Ventures Limited 7.929 – Medco International Ventures Limited
Jumlah 72.105.575 74.260.726 Total
370 PT Medco Energi Internasional Tbk 2023 Annual Report
212
Page 373
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
39. ASET TIDAK LANCAR YANG 39. NON-CURRENT ASSETS CLASSIFIED AS HELD
DIKLASIFIKASIKAN SEBAGAI DIMILIKI UNTUK FOR SALE AND DISCONTINUED OPERATIONS
DIJUAL DAN OPERASI YANG DIHENTIKAN (continued)
(lanjutan)
Medco Energi USA Inc. dan entitas anaknya Medco Energi USA Inc, and its subsidiaries
Pada Oktober 2018, manajemen memutuskan In October 2018, management decided to divest its
untuk melepaskan asetnya di wilayah Amerika assets on North America region. On February 7,
Utara. Pada tanggal 7 Februari 2019, Medco Energi 2019, Medco Energi US LLC (“MEUS”), wholly-
US LLC (“MEUS”), entitas anak yang secara tidak owned indirect subsidiary of the Company, signed
langsung dimiliki seluruhnya oleh Perusahaan, Asset Purchase and Sale Agreement (“the
menandatangani Asset Purchase and Sale Agreement”) with Sanare Energy Partners LLC
Agreement (“Perjanjian”) dengan Sanare Energy (“Sanare”) for the sale of Main Pass Block located
Partners LLC (“Sanare”) untuk penjualan Blok Main in Gulf of Mexico with purchase price of
Pass di teluk Meksiko dengan harga penjualan US$150,000.
sebesar AS$150.000.
Transaksi tersebut telah selesai pada tahun 2019, The transaction is completed in 2019, upon the
setelah penyelesaian penjualan, MEUS tidak completion of the sale, MEUS has no operations
memiliki operasi dan terus diklasifikasikan dan and continues to be classified and presented as
disajikan sebagai bagian dari operasi yang part of discontinued operations.
dihentikan.
PT Medco Downstream Indonesia (“MDI Grup”) PT Medco Downstream Indonesia (“MDI Group”)
Sejalan dengan tujuan dari Grup agar lebih fokus In line with the objective of the Group to focus on
mengembangkan unit usaha dengan lini bisnis the oil and gas business, as of December 31, 2023
minyak dan gas bumi, pada tanggal 31 Desember and December 31, 2022, the Group recorded its
2023 dan 31 Desember 2022 Grup mencatat investment in PT Medco Downstream Indonesia
investasinya pada PT Medco Downstream (“MDI”), PT Medco LPG Kaji (“MLK”), PT Medco
Indonesia (“MDI”), PT Medco LPG Kaji (“MLK”), PT Methanol Bunyu (“MMB”) and PT Medco Ethanol
Medco Methanol Bunyu (“MMB”) dan PT Medco Lampung (“MEL”) as part of discontinued
Ethanol Lampung (“MEL”) sebagai bagian dari operations.
operasi yang dihentikan.
Ophir Vietnam Blok 12W B.V. Ophir Vietnam Block 12W B.V.
Pada kuartal IV tahun 2022, Dewan Direksi In fourth quarter of 2022, the Company’s Board of
menyetujui untuk melepas 100% kepemilikan Directors approved to sell 100% outstanding shares
saham pada Ophir Vietnam Blok 12W B.V. of Ophir Vietnam Block 12W B.V. Therefore, the
Sehingga Perusahaan memutuskan untuk Company decided to classify the asset available for
mengklasifikasikan aset yang dimiliki untuk dijual sale and present its financial performance as part of
dan menyajikan kinerja keuangannya sebagai discontinued operations as of December 31, 2022,
bagian dari operasi yang dihentikan pada tanggal as the completion of the transaction will remove
31 Desember 2022, dikarenakan penyelesaian Group’s presence in Vietnam.
transaksi ini akan menghilangkan kesertaan Grup di
Vietnam.
Pada tanggal 19 Desember 2022, Ophir Jaguar 2 On December 19, 2022, Ophir Jaguar 2 Ltd.
Ltd. ("Penjual"), menandatangani Perjanjian Jual (“Seller”) signed a Share and Sale Purchase
Beli Saham dengan Bitexco Energy Company Agreement with Bitexco Energy Company Limited
Limited ("Pembeli"), untuk melepas 100% ("Purchaser"), to sell 100% of its shares in Ophir
kepemilikan saham di Ophir Vietnam Block 12W Vietnam Block 12W B.V. with agreed base price of
B.V. dengan harga kesepakatan sebesar AS$70 US$70 million. The price is subject to adjustments
juta. Harga kesepakatan ini akan disesuaikan until the closing period as defined in the agreement.
sampai dengan akhir periode penutupan sesuai
definisi dalam perjanjian.
2023 Annual Report PT Medco Energi Internasional Tbk 371
213
Page 374
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
39. ASET TIDAK LANCAR YANG 39. NON-CURRENT ASSETS CLASSIFIED AS HELD
DIKLASIFIKASIKAN SEBAGAI DIMILIKI UNTUK FOR SALE AND DISCONTINUED OPERATIONS
DIJUAL DAN OPERASI YANG DIHENTIKAN (continued)
(lanjutan)
Ophir Vietnam Block 12W B.V. (lanjutan) Ophir Vietnam Block 12W B.V. (continued)
Pada tanggal 29 Desember 2022, Grup telah On December 29, 2022, the Group has received a
menerima uang muka pembayaran sebesar down payment of US$300,000 related to the
AS$300.000 terkait transaksi di atas. transaction above.
Ophir Jaguar 2 Ltd. dan Bitexco Energy Company The Ophir Jaguar 2 Ltd. and Bitexco Energy
Limited telah beberapa kali sepakat untuk Company Limited had several extensions of the
memperpanjang tanggal penyelesaian, dengan long stop date, with the latest letter dated March 26,
surat terakhir tertanggal 26 Maret 2024 yang 2024 further extending the long stop date to April
sepakat untuk perpanjangan sampai tanggal 30 30, 2024. Included in the letter that the Purchaser
April 2024. Termasuk dalam kesepakatan bahwa agreed to pay interest, on the amount which is
pihak pembeli sepakat untuk membayar bunga, equal to the Purchase Price calculated on the basis
dengan dasar perhitungan posisi Nilai Pembelian that completion takes place on December 31, 2023
pada tanggal 31 Desember 2023, dengan tarif yang at the agreed rate. The interest payments shall be
disepakati. Pembayaran bunga terhitung mulai calculated from December 19, 2023 until the date
tanggal 19 Desember 2023 hingga tanggal on which completion occurs.
penyelesaian terjadi.
Dikarenakan perpanjangan tanggal penyelesaian, Following the extension of the long stop date, the
Grup melanjutkan pengklasifikasian Ophir Vietnam Group continues to classify Ophir Vietnam Block
Block 12W B.V. sebagai aset yang dimiliki untuk 12W B.V. as held for sale asset as of December 31,
dijual pada tanggal 31 Desember 2023. 2023. The completion of the transaction is expected
Penyelesaian transaksi diharapkan selesai pada to be completed in the second quarter 2024,
kuartal dua tahun 2024, setelah semua persetujuan following receipt of the necessary approvals from
yang diperlukan dari otoritas Vietnam diperoleh. Vietnamese authorities.
Pada tanggal 31 Desember 2023, Perusahaan As of December 31, 2023, the Company continues
memutuskan untuk terus mengklasifikasikan Ophir to classify Ophir Vietnam Block 12W B.V. as held
Vietnam Block 12W B.V. sebagai aset dimiliki untuk for sale asset and present its financial performance
dijual dan menyajikan kinerja keuangannya sebagai as part of discontinued operations.
bagian dari operasi yang dihentikan.
APICO LLC APICO LLC
Pada kuartal IV tahun 2022, Dewan Direksi In fourth quarter of 2022, the Company’s Board of
menyetujui untuk melepas 27,18% investasi jangka Directors approved to sell 27.18% of long-term
panjang pada APICO LLC. investment in APICO LLC.
Selama bulan Desember 2022, Perusahaan telah During December 2022, the Company had received
menerima beberapa penawaran dari para pembeli several offerings from potential buyers. As such, the
potensial. Dengan demikian, Perusahaan yakin Company believes that the sale of the investment
transaksi penjualan investasi ini akan terjadi dalam must be highly probable, therefore the Company
waktu dekat, sehingga Perusahaan memutuskan decided to classify the asset available for sale and
untuk mengklasifikasikan aset yang dimiliki untuk present its financial performance as part of
dijual dan menyajikan kinerja keuangannya sebagai discontinued operations as of December 31, 2022.
bagian dari operasi yang dihentikan pada tanggal
31 Desember 2022.
372 PT Medco Energi Internasional Tbk 2023 Annual Report
214
Page 375
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
39. ASET TIDAK LANCAR YANG 39. NON-CURRENT ASSETS CLASSIFIED AS HELD
DIKLASIFIKASIKAN SEBAGAI DIMILIKI UNTUK FOR SALE AND DISCONTINUED OPERATIONS
DIJUAL DAN OPERASI YANG DIHENTIKAN (continued)
(lanjutan)
APICO LLC (Lanjutan) APICO LLC (continued)
Pada tanggal 19 Januari 2023, Salamander Energy On January 19, 2023, Salamander Energy (S.E.
(S.E. Asia) Limited, entitas anak yang dimiliki Asia) Limited, a wholly-owned subsidiary of the
sepenuhnya oleh Perusahaan, telah Company, has signed a sale and purchase shares
menandatangani perjanjian jual beli saham dengan agreement with Jadestone Energy (Singapore) Pte.
Jadestone Energy (Singapore) Pte. Ltd., entitas Ltd., a wholly-owned subsidiary of Jadestone
anak yang dimiliki sepenuhnya oleh Jadestone Energy Plc. to sell 27.18% of shares ownership in
Energy Plc. untuk menjual 27,18% kepemilikan APICO LLC with total agreed base consideration of
saham pada APICO LLC dengan imbalan dasar US$32.5 million subject to several adjustments as
yang disepakati sebesar AS$32,5 juta, dengan defined in the agreement.
beberapa penyesuaian yang disepakati di
perjanjian.
Pada tanggal 22 Februari 2023, Grup menerima On February 22, 2023, the Group received full
pelunasan pembayaran dari Jadestone Energy payment from Jadestone Energy (Singapore) Pte.
(Singapore) Pte. Ltd. Transaksi telah diselesaikan Ltd. The transaction has been completed on
pada tanggal 23 Februari 2023. February 23, 2023.
Medco International Ventures Limited (MIVL) Medco International Ventures Limited (MIVL)
Pada kuartal IV tahun 2023, Dewan Direktur In fourth quarter of 2023, the Company’s Board of
Perusahaan menyetujui pelepasan aset terkait hak, Directors approved to divest its assets in respect of
kewajiban dan kepemilikan sesuai dengan the MIVL’s right, title and interest in the Exploration
Exploration and Production Sharing Agreement and Production Sharing Agreement in respect of
terkait area kontrak 47 di Libya dan kepemilikan di Contract Area 47 in Libya and its shareholding in
Nafusah Oil Operations B.V. Nafusah Oil Operations B.V.
Selanjutnya, pada kuartal I tahun 2024, MIVL telah Subsequently, in first quarter of 2024, MIVL
memiliki calon pembeli potensial, memilih pembeli identified potential buyers, selected a preferred
yang tepilih dan telah memulai diskusi mengenai buyer and began discussions on a potential draft of
kerangka Perjanjian Jual Beli potensial. the Sale and Purchase Agreement.
Penyelesaian divestasi ini akan menghapus The completion of divestment will remove the
kehadiran Grup di Libya dan manajemen tidak Group’s presence in Libya and management has no
memiliki niat untuk melanjutkan atau mencari intention to continue to seek another opportunity in
peluang lain di Libya. Oleh karena itu, manajemen Libya. Therefore, management has decided to
memutuskan untuk mengklasifikasikan aset di Libya classify its Libya assets as held for sale and present
sebagai aset yang dimiliki untuk dijual dan its financial statement performance as part of
menyajikan kinerja keuangannya sebagai bagian discontinued operations.
dari operasi yang dihentikan.
Grup menyajikan kembali akun-akun laba rugi dan The Group re-presented the profit or loss accounts
arus kas terkait atas operasi entitas anak yaitu and cash flows pertaining to the operations of the
Medco International Ventures Limited yang subsidiary, which is Medco International Ventures
sebelumnya disajikan sebagai bagian dari “Operasi Limited which have been previously presented
yang Dilanjutkan” untuk tahun yang berakhir pada under “Continuing Operations” for the year ended
tanggal 31 Desember 2022 ke operasi yang December 31, 2022 to discontinued operations.
dihentikan.
2023 Annual Report PT Medco Energi Internasional Tbk 373
215
Page 376
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
39. ASET TIDAK LANCAR YANG 39. NON-CURRENT ASSETS CLASSIFIED AS HELD
DIKLASIFIKASIKAN SEBAGAI DIMILIKI UNTUK FOR SALE AND DISCONTINUED OPERATIONS
DIJUAL DAN OPERASI YANG DIHENTIKAN (continued)
(lanjutan)
Berikut merupakan dampak dari penyajian kembali The following are the effects of restatements of the
laporan laba rugi dan penghasilan komprehensif presentation of the consolidated statement of profit
lainnya konsolidasian dan laporan arus kas or loss and other comprehensive income and
konsolidasian untuk tahun yang berakhir pada consolidated statement of cash flows for the year
tanggal 31 Desember 2022 yang disebut di atas: ended December 31, 2022 as disclosed above:
2022
Dilaporkan Setelah
Sebelumnya/ Disajikan Disajikan
As Previously Kembali/ Kembali/
Reported Restatement As Restated
Laporan laba rugi dan Consolidated statement of
penghasilan profit or loss and other
komprehensif lain comprehensive income
Beban pokok penjualan dan Cost of revenue and other
biaya langsung lainnya (1.066.202.282) 45.724 (1.066.156.558) direct cost
Laba kotor 1.246.025.320 45.724 1.246.071.044 Gross profit
Beban penjualan, umum dan Selling, general and
administrasi (220.222.110) 365.322 (219.856.788) administrative expenses
Beban pendanaan (259.427.176) 2.485 (259.424.691) Finance costs
Pendapatan bunga 39.616.990 (1.039) 39.615.951 Interest Income
Pendapatan lain-lain 42.274.889 95.254 42.370.143 Other income
Laba sebelum beban pajak Profit before income tax
penghasilan dari operasi expense from continuing
yang dilanjutkan 1.045.601.581 507.746 1.046.109.327 operations
Laba tahun berjalan dari Loss for the year from
operasi yang dilanjutkan continuing operations
537.629.603 507.746 538.137.349
Laba setelah beban pajak Profit after income tax
penghasilan dari operasi expense from
yang dihentikan 13.780.735 (507.746) 13.272.989 discontinued operations
Pendapatan tahun berjalan 551.410.338 – 551.410.338 Profit for the year
Jumlah pendapatan Total comprehensive
komprehensif tahun income for the year
berjalan 588.546.441 – 588.546.441
374 PT Medco Energi Internasional Tbk 2023 Annual Report
216
Page 377
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
39. ASET TIDAK LANCAR YANG 39. NON-CURRENT ASSETS CLASSIFIED AS HELD
DIKLASIFIKASIKAN SEBAGAI DIMILIKI UNTUK FOR SALE AND DISCONTINUED OPERATIONS
DIJUAL DAN OPERASI YANG DIHENTIKAN (continued)
(lanjutan)
Berikut merupakan dampak dari penyajian kembali The following are the effects of restatements of the
laporan laba rugi dan penghasilan komprehensif presentation of the consolidated statement of profit
lainnya konsolidasian dan laporan arus kas or loss and other comprehensive income and
konsolidasian untuk tahun yang berakhir pada consolidated statement of cash flows for the year
tanggal 31 Desember 2022 yang disebut di atas ended December 31, 2022 as disclosed above
(lanjutan): (continued):
2022
Dilaporkan Setelah
Sebelumnya/ Disajikan Disajikan
As Previously Kembali/ Kembali/
Reported Restatement As Restated
Laporan arus kas Consolidated statement of
konsolidasian cash flows
Arus Kas dari Aktivitas Cash Flows from Operating
Operasi Activities
Pembayaran kas kepada Cash paid to suppliers and
pemasok dan karyawan (747.206.375) (26.446) (747.232.821) employees
Kas neto diperoleh dari Net cash provided by
aktivitas operasi 1.116.437.808 (26.446) 1.116.411.362 operating activities
Arus Kas dari Aktivitas Cash Flows from Investing
Investasi Activities
Penerimaan bunga 15.564.015 (1.039) 15.562.976 Interest received
Penambahan aset eksplorasi Addition to exploration and
dan evaluasi (15.645.889) 25.000 (15.620.889) evaluation assets
Kas neto digunakan dari Net cash provided by
aktivitas investasi (1.062.962.420) 23.961 (1.062.938.459) investing activities
Arus Kas dari Aktivitas Cash Flows from Financing
Pendanaan Activities
Pembayaran beban
pendanaan (235.537.754) 2.485 (235.535.269) Payment of financing charges
Kas neto diperoleh dari Net cash provided by
aktivitas pendanaan 64.427.657 2.485 64.430.142 financing activities
2023 Annual Report PT Medco Energi Internasional Tbk 375
217
Page 378
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
39. ASET TIDAK LANCAR YANG 39. NON-CURRENT ASSETS CLASSIFIED AS HELD
DIKLASIFIKASIKAN SEBAGAI DIMILIKI UNTUK FOR SALE AND DISCONTINUED OPERATIONS
DIJUAL DAN OPERASI YANG DIHENTIKAN (continued)
(lanjutan)
Berikut merupakan dampak dari penyajian kembali The following are the effects of restatements of the
laporan laba rugi dan penghasilan komprehensif presentation of the consolidated statement of profit
lainnya konsolidasian dan laporan arus kas or loss and other comprehensive income and
konsolidasian untuk tahun yang berakhir pada consolidated statement of cash flows for the year
tanggal 31 Desember 2022 yang disebut di atas ended December 31, 2022 as disclosed above
(lanjutan): (continued):
2022
Dilaporkan Setelah
Sebelumnya/ Disajikan Disajikan
As Previously Kembali/ Kembali/
Reported Restatement As Restated
PENURUNAN NETO KAS DAN NET DECREASE IN CASH AND
SETARA KAS DARI OPERASI CASH EQUIVALENTS FROM
YANG DILANJUTKAN 117.903.045 – 117.903.045 CONTINUING OPERATIONS
KENAIKAN (PENURUNAN) NET INCREASE (DECREASE) IN
NETO KAS DAN SETARA KAS CASH AND CASH
DARI OPERASI YANG EQUIVALENTS FROM
DIHENTIKAN (2.972.571) – (2.972.571) DISCONTINUED OPERATIONS
CASH AND CASH
KAS DAN SETARA KAS PADA EQUIVALENTS AT BEGINNING
AWAL TAHUN 480.984.828 – 480.984.828 OF YEAR
CASH AND CASH
KAS DAN SETARA KAS PADA EQUIVALENTS AT END OF
AKHIR TAHUN 599.998.594 599.998.594 YEAR
Sehubungan dengan rencana-rencana Grup As a result of the above plans, for the year ended
tersebut di atas, untuk tahun yang berakhir pada December 31, 2023 and 2022, the Group presented
tanggal 31 Desember 2023 dan 2022, Grup the profit (loss) after tax from discontinued
menyajikan laba (rugi) setelah pajak dari operasi operations as a single line item in the consolidated
yang dihentikan sebagai suatu jumlah tunggal statements of profit or loss and other
dalam laporan laba rugi dan penghasilan comprehensive income.
komprehensif lain konsolidasian.
Pada tanggal posisi keuangan pada periode As of the financial position date in the particular
diklasifikasikannya entitas-entitas dan investasi period when those entities and investments were
tersebut sebagai dimiliki untuk dijual, aset dan classified as held for sale, the assets and liabilities
liabilitas disajikan secara terpisah dalam jumlah were presented separately as single line item as
tunggal sebagai aset dan liabilitas yang dimiliki assets and liabilities held for sale from other assets
untuk dijual dari aset lain-lain dan liabilitas lain-lain and other liabilities in the consolidated statements
dalam laporan posisi keuangan konsolidasian dan of financial position and are not netted off against
tidak saling hapus satu sama lain. each other.
Pada tanggal 31 Desember 2022, Grup mengakui As of December 31, 2022, the Group recognized
kerugian atas pengukuran nilai wajar aset dikurangi loss on fair value less costs to sell amounting to
biaya untuk menjual sebesar AS$14,97 juta terkait US$14.97 million related to the intention of the
dengan rencana Grup untuk menjual APICO LLC. Group to sell APICO LLC.
Pada tanggal 31 Desember 2023, Grup mengakui As of December 31, 2023, the Group recognized
kerugian atas pengukuran nilai wajar aset dikurangi loss on fair value less costs to sell amounting to
biaya untuk menjual sebesar AS$50,3 juta dan US$50.3 million and US$10.7 million related to the
AS$10,7 juta terkait dengan rencana Grup untuk intention of the Group to sell MIVL and Ophir
menjual MIVL dan Ophir Vietnam Block 12W B.V. Vietnam Block 12W B.V. Fair value measurement
Pengukuran nilai wajar untuk aset yang dimiliki for assets held for sale is using Level 3 hierarchy.
untuk dijual menggunakan hirarki tingkat 3.
376 PT Medco Energi Internasional Tbk 2023 Annual Report
218
Page 379
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
39. ASET TIDAK LANCAR YANG 39. NON-CURRENT ASSETS CLASSIFIED AS HELD
DIKLASIFIKASIKAN SEBAGAI DIMILIKI UNTUK FOR SALE AND DISCONTINUED OPERATIONS
DIJUAL DAN OPERASI YANG DIHENTIKAN (continued)
(lanjutan)
Akun-akun laba rugi utama dari operasi yang The main profit or loss accounts of discontinued
dihentikan adalah sebagai berikut: operations are presented below:
2023 2022
Pendapatan dari kontrak dengan
pelanggan 65.500.192 76.288.249 Revenues from contract with customer
Beban pokok penjualan dan biaya
langsung lainnya (23.060.341) (47.083.242) Cost of sales and other direct costs
Laba kotor 42.439.851 29.205.007 Gross profit
Beban penjualan umum dan Selling general and administrative
administrasi (708.332) (1.809.822) expenses
Beban pendanaan (5.333.296) (2.590.638) Finance costs
Pendapatan bunga 59.439 1.147 Finance income
Kerugian penurunan nilai aset (61.129.083) – Loss on impairment assets
Bagian laba dari entitas asosiasi dan Share of net profit of associates and
ventura bersama – 2.378.402 joint venture
Keuntungan dari selisih kurs – 1.141.419 Gain on foreign exchange
Lainnya – neto (2.190.531) (192.860) Others - net
Laba/(Rugi) sebelum beban pajak
penghasilan dari operasi yang Profit/(Loss) before income tax expense
dihentikan (26.861.952) 28.132.655 from discontinued operations
Beban pajak penghasilan (15.556.497) (14.859.666) Income tax expense
Laba/(Rugi) setelah beban pajak Profit/(Loss) after income tax
penghasilan dari operasi yang expense from discontinued
dihentikan (42.418.449) 13.272.989 operations
Kelas-kelas utama dari aset dan liabilitas yang The major classes of assets and liabilities classified
dimiliki untuk dijual pada tanggal 31 Desember as held for sale as of December 31, 2023 and 2022
2023 dan 2022 adalah sebagai berikut: are presented below:
2023 2022
ASET ASSETS
Kas dan setara kas 10.856.681 1.007.275 Cash and cash equivalents
Piutang usaha Trade receivables
– Pihak ketiga 7.531.086 7.382.135 Third parties –
Piutang lain-lain Other receivables
– Pihak ketiga 3.820.817 2.913.521 Third parties –
Persediaan 10.052.690 4.505.665 Inventories
Investasi jangka panjang 7.396 26.703.283 Long-term investment
2023 Annual Report PT Medco Energi Internasional Tbk 377
219
Page 380
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
39. ASET TIDAK LANCAR YANG 39. NON-CURRENT ASSETS CLASSIFIED AS HELD
DIKLASIFIKASIKAN SEBAGAI DIMILIKI UNTUK FOR SALE AND DISCONTINUED OPERATIONS
DIJUAL DAN OPERASI YANG DIHENTIKAN (continued)
(lanjutan)
Kelas-kelas utama dari aset dan liabilitas yang The major classes of assets and liabilities classified
dimiliki untuk dijual pada tanggal 31 Desember as held for sale as of December 31, 2023 and 2022
2023 dan 2022 adalah sebagai berikut: (lanjutan) are presented below: (continued)
2023 2022
ASET ASSETS
Beban dibayar di muka 207.266 443.451 Prepaid expenses
Aset tetap - neto 532.903 532.903 Property, plant and equipment – net
Aset hak guna - neto 29.078.226 28.989.172 Right of use assets – net
Aset minyak dan gas bumi 191.168.610 52.973.631 Oil and gas properties
Aset lain-lain 23.882 4.033.995 Other assets
Aset yang dimiliki untuk dijual 253.279.557 129.485.031 Assets held for sale
LIABILITAS LIABILITIES
Utang usaha pihak ketiga 14.077.451 20.390.280 Trade payables third parties
Utang lain-lain 1.943 23.030 Other payables
Utang pajak 3.148.401 6.408.426 Taxes payable
Biaya akrual 8.379.175 6.295.189 Accrued expenses
Liabilitas sewa 21.417.162 30.262.608 Lease liabilities
Liabilitas pajak tangguhan 16.579.203 10.881.193 Deferred tax liabilities
Liabilitas pembongkaran aset dan restorasi Asset abandonment and site restoration
area dan provisi lain-lain 8.502.240 – obligations
Liabilitas yang secara langsung berhubungan Liabilities directly associated with assets held
dengan aset yang dimiliki untuk dijual 72.105.575 74.260.726 for sale
Kerugian atas pengukuran nilai wajar Impairment loss on assets recognized at fair
dikurangi biaya untuk menjual (61.129.083) (14.971.370) value less cost to sell
Aset neto yang secara langsung
berhubungan dengan yang dimiliki untuk Net assets directly associated with held for
dijual atau pelepasan grup 120.044.899 55.224.305 sale or disposal group
Kas neto dari operasi yang dihentikan adalah The net cash flows of discontinued operations are
sebagai berikut: presented below:
2023 2022
ARUS KAS CASH FLOWS
Aktivitas operasi 29.826.549 (11.874.856) Operating activities
Aktivitas investasi (7.984.836) 9.651.171 Investing activities
Aktivitas pendanaan (12.045.760) (748.886) Financing activities
Penurunan neto pada arus kas 9.795.953 (2.972.571) Net decrease in cashflows
378 PT Medco Energi Internasional Tbk 2023 Annual Report
220
Page 381
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
40. LABA (RUGI) PER SAHAM 40. EARNINGS (LOSS) PER SHARE
a. Laba per saham a. Earnings per share
2023
Laba Tahun Berjalan
yang Diatribusikan
Kepada Pemilik Rata-rata Tertimbang
Entitas Induk/Profit Saham Biasa yang
for the Year Beredar/
Attributable to Equity \Weighted Average
Holders of the Parent Number of Ordinary Laba per Saham/
Company Outstanding Share Earnings per Share
Laba per saham dasar 330.675.261 25.040.773.473 0,01321 Basic earnings per share
2022
Laba Tahun Berjalan
yang Diatribusikan
Kepada Pemilik Rata-rata Tertimbang
Entitas Induk/Profit Saham Biasa yang
for the Year Beredar/
Attributable to Equity Weighted Average
Holders of the Parent Number of Ordinary Laba per Saham/
Company Outstanding Share Earnings per Share
Laba per saham dasar 530.882.675 25.002.151.142 0,02123 Basic earnings per share
b. Laba per saham dari operasi yang dilanjutkan b. Earnings per share from continuing operation
2023
Laba Tahun Berjalan
dari Operasi yang
Dilanjutkan yang
Diatribusikan Kepada
Pemilik Entitas Induk/
Profit for the Year Rata-rata Tertimbang
from Continuing Saham Biasa yang
Operation Beredar/
Attributable to Equity Weighted Average
Holders of the Parent Number of Ordinary Laba per Saham/
Company Outstanding Share Earnings per Share
Laba per saham dasar 373.093.710 25.040.773.473 0,01490 Basic earnings per share
2022
Laba Tahun Berjalan
dari Operasi yang
Dilanjutkan yang
Diatribusikan Kepada
Pemilik Entitas Induk/
Profit for the Year Rata-rata Tertimbang
from Continuing Saham Biasa yang
Operation Beredar/
Attributable to Equity Weighted Average
Holders of the Parent Number of Ordinary Laba per Saham/
Company Outstanding Share Earnings per Share
Laba per saham dasar 517.609.686 25.002.151.142 0,02070 Basic earnings per share
2023 Annual Report PT Medco Energi Internasional Tbk 379
221
Page 382
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
40. LABA (RUGI) PER SAHAM (lanjutan) 40. EARNINGS (LOSS) PER SHARE (continued)
c. Laba (rugi) per saham dari operasi yang c. Earnings (loss) per share from discontinued
dihentikan operation
2023
Rugi Tahun Berjalan
dari Operasi yang
Dihentikan yang
Diatribusikan Kepada
Pemilik Entitas Induk/
Loss for the Year Rata-rata Tertimbang
from Discontinued Saham Biasa yang
Operation Beredar/
Attributable to Equity Weighted Average
Holders of the Parent Number of Ordinary Rugi per Saham/
Company Outstanding Share Loss per Share
Rugi per saham dasar (42.418.449) 25.040.773.473 (0,00169) Basic loss per share
2022
Laba Tahun Berjalan
dari Operasi yang
Dihentikan yang
Diatribusikan Kepada
Pemilik Entitas Induk/
Profit for the Year Rata-rata Tertimbang
from Discontinued Saham Biasa yang
Operation Beredar/
Attributable to Equity Weighted Average
Holders of the Parent Number of Ordinary Laba per Saham/
Company Outstanding Share Earnings per Share
Laba per saham dasar 13.272.989 25.002.151.142 0,00053 Basic earnings per share
Untuk tahun yang berakhir pada tanggal 31 For the years ended December 31, 2023 and 2022,
Desember 2023 dan 2022, Perusahaan tidak the Company did not calculate diluted earnings per
menghitung laba per saham dilusian karena tidak share since there was no potentially dilutive
terdapat saham biasa yang berpotensi dilutif (anti ordinary shares (anti dilutive).
dilutif).
Jumlah rata-rata tertimbang saham The weighted average number of shares takes into
memperhitungkan efek rata-rata tertimbang dari account the weighted average effect of changes in
perubahan saham treasuri selama tahun berjalan. treasury shares during the year.
Tidak ada transaksi lain yang melibatkan saham There have been no other transactions involving
biasa maupun saham biasa potensial antara ordinary shares or potential ordinary shares
tanggal pelaporan dan pengesahan laporan between the reporting date and the date of
keuangan konsolidasian ini. authorization of these consolidated financial
statements.
380 PT Medco Energi Internasional Tbk 2023 Annual Report
222
Page 383
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
41. SALDO LABA DAN DIVIDEN KAS 41. RETAINED EARNINGS AND CASH DIVIDENDS
a. Dividen Kas a. Cash Dividend
Pada tanggal 27 Juli 2022, Rapat Umum On July 27, 2022, the Annual General Meeting
Pemegang Saham Tahunan (RUPST) of Shareholders (AGMS) approved the
menyetujui pembagian dividen tunai sebesar distribution of US$35,000,000 cash dividend
AS$35.000.000 dari laba tahun buku 2021 from the profit for the 2021 financial year to all
kepada seluruh pemegang saham Perusahaan, shareholders of the Company, with the total
dengan jumlah modal ditempatkan dan disetor issued and paid-up capital of 24,995,111,693
sebesar 24.995.111.693 saham atau setara shares or equal to US$0.0014 per share. The
dengan AS$0,0014 per saham. Dividen kas ini cash dividends were paid in August 2022.
telah dibayarkan pada akhir Agustus 2022.
Pada tanggal 5 Agustus 2022, Direksi dan On August 5, 2022, The Board of Directors and
Dewan Komisaris telah menyetujui pembagian the Board of Commissioners have approved the
dividen kas interim sebesar AS$25.000.000 distribution of a US$25,000,000 interim cash
untuk tahun buku 2022. Dividen kas interim dividends for the financial year 2022. The
telah dibayarkan pada kuartal ketiga 2022. interim cash dividends were paid in quarter
three 2022.
Pada tanggal 5 Juni 2023, Direksi dan Dewan On June 5, 2023, The Board of Directors and
Komisaris telah menyetujui pembagian dividen the Board of Commissioners have approved the
kas sesuai dengan hasil RUPST tertanggal 31 distribution of cash dividend as per AGMS dated
Mei 2023 sebesar AS$40.000.000 dari laba May 31, 2023 of a US$40,000,000 from the
tahun buku 2022. Dividen kas ini telah profit for the 2022 financial year. The cash
dibayarkan pada tanggal 30 Juni 2023. dividends were paid on June 30, 2023.
Pada tanggal 17 November 2023, Direksi dan On November 17, 2023, The Board of Directors
Dewan Komisaris telah menyetujui pembagian and the Board of Commissioners have
dividen kas interim sebesar AS$24.349.636 dari approved the distribution of a US$24,349,636
laba Interim Triwulanan yang berakhir pada interim cash dividends from the profit for the
tanggal 30 September 2023. Dividen kas interim Quarterly Interim ended on September 30,
telah dibayarkan pada tanggal 15 Desember 2023. The interim cash dividends were paid on
2023. December 15, 2023.
b. Saldo Laba yang Ditentukan Penggunaannya b. Appropriated Retained Earning
Perusahaan membentuk dana cadangan umum The company established general reserve in
sesuai dengan Undang–Undang Republik accordance with The Limited Liability Company
Indonesia No. 40 Tahun 2007 tentang Law of the Republic of Indonesia No. 40 of
Perseroan Terbatas. Pada tanggal 31 2007. Balance of the appropriated retained
Desember 2023 dan 2022, saldo laba yang earnings of the Company at December 31, 2023
dicadangkan Perusahaan adalah masing- and 2022 amounted to US$10,435,835 and
masing sebesar AS$10.435.835 dan US$6,492,210, respectively.
AS$6.492.210.
2023 Annual Report PT Medco Energi Internasional Tbk 381
223
Page 384
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
42. LIABILITAS IMBALAN KERJA 42. EMPLOYEE BENEFITS LIABILITIES
a. Program Pensiun Iuran Pasti a. Defined Contribution Pension Plan
Entitas anak yang bergerak di bidang eksplorasi Subsidiaries involved in oil and gas exploration
dan produksi minyak gas bumi telah and production activities have established
menyelenggarakan program pensiun iuran pasti defined contribution pension plans covering all
untuk semua karyawan tetap lokalnya. Program their local permanent employees. These plans
ini akan memberikan manfaat pensiun yang provide pension benefits which calculated
dihitung berdasarkan gaji dan masa kerja based on salaries and years of service of the
karyawan. employees.
Program pensiun dikelola oleh Dana Pensiun The pension plans are managed by Dana
Lembaga Keuangan (DPLK), PT Bank Negara Pensiun Lembaga Keuangan (DPLK), PT Bank
Indonesia (Persero) Tbk yang akta pendiriannya Negara Indonesia (Persero) Tbk whose deeds
disetujui oleh Menteri Keuangan Republik of establishment were approved by the Minister
Indonesia dengan surat keputusannya No. Kep. of Finance of the Republic of Indonesia in his
1100/KM.17/1998 tanggal 23 November 1998 decision letters No. Kep. 1100/KM.17/1998
dan No. Kep.171-KMK/7/1993 tanggal 16 dated November 23, 1998 and No. Kep.171-
Agustus 1993, DPLK Manulife Indonesia yang KMK/7/1993 dated August 16, 1993, DPLK
telah mendapatkan pengesahan dari Menteri Manulife Indonesia were approved by the
Keuangan Republik Indonesia dengan surat Minister of Finance of the Republic of Indonesia
keputusannya No. KEP-231/KM.17/1994 in his decision letters No. KEP-231/KM.17/1994
tanggal 5 Agustus 1994, dan DPLK Allianz dated August 5, 1994, and DPLK Allianz
Indonesia, PT Asuransi Allianz Life Indonesia Indonesia, PT Asuransi Allianz Life Indonesia
yang telah mendapatkan pengesahan Menteri were approved by the Minister of Finance of the
Keuangan Republik Indonesia No. 513/ Republic of Indonesia in his decision letters No.
KMK.017/1996 tanggal 16 Agustus 1996. 513/KMK.017/1996 dated August 16, 1996.
382 PT Medco Energi Internasional Tbk 2023 Annual Report
224
Page 385
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
42. LIABILITAS IMBALAN KERJA (lanjutan) 42. EMPLOYEE BENEFITS LIABILITIES (continued)
a. Program Pensiun Iuran Pasti (lanjutan) a. Defined Contribution Pension Plan (continued)
Program pensiun tersebut didanai dengan The pension plans are funded by contributions
kontribusi baik dari Perusahaan dan entitas from both the Company and subsidiaries at 6%
anak masing-masing sebesar 6% dan 6% dari and 6% of gross salaries and their employees at
gaji kotor dan dari karyawan masing-masing 2% or 4% and 2% to 14% of gross salaries,
sebesar 2% atau 4% dan 2% sampai dengan respectively.
14% dari gaji kotor.
Untuk tahun yang berakhir pada tanggal 31 For the year ended December 31, 2023 and
Desember 2023 dan 2022, biaya atas pensiun 2022, the defined contribution pension cost of
iuran pasti dari Perusahaan dan entitas anak Company and subsidiaries involved in oil and
yang bergerak dalam eksplorasi dan produksi gas exploration and production amounting to
minyak dan gas bumi masing-masing sejumlah US$4,233,121 and US$3,871,340, respectively.
AS$4.233.121 dan AS$3.871.340.
b. Program Pensiun Imbalan Pasti b. Defined Benefit Pension Plan
Liabilitas imbalan kerja yang diakui oleh Employee benefits liabilities which was
Perusahaan pada tanggal 31 Desember 2023 recognized by the Company as of the date
dan 2022 adalah sebagai berikut: December 31, 2023 and 2022 are as follows:
2023 2022
Present value of defined benefit
Liabilitas pensiun imbalan pasti 5.658.256 8.710.532 obligation
Liabilitas pensiun imbalan pasti Present value of defined benefit
(Undang-Undang) 23.425.639 19.633.664 obligation (Labor Law)
Liabilitas penghargaan jubilee 2.439.209 2.318.528 Jubilee awards obligation
Saldo akhir tahun 31.523.104 30.662.724 Balance at end of year
Liabilitas imbalan kerja - jangka Employee benefits liabilities -
panjang 31.523.104 30.662.724 long-term portion .
Grup mengakui liabilitas pensiun imbalan pasti The Group recognizes defined benefit obligation
untuk karyawan yang bekerja di bidang minyak for employees involved in oil and gas operations
dan gas bumi sesuai dengan peraturan yang in accordance with applicable regulations. The
berlaku. Program pensiun imbalan pasti didanai defined benefit pension plan is being funded by
dengan penempatan dana pada PT AXA Mandiri placing funds in PT AXA Mandiri Financial
Financial Service. Service.
Grup juga mengakui manfaat pasca-kerja The Group also recognizes post-employment
lainnya untuk pegawai yang bukan anggota benefits expense for non-members of the
program pensiun imbalan pasti sesuai dengan defined benefit pension plan in accordance with
Undang-Undang Ketenagakerjaan dan Labor Law and the prevailing Group policy.
kebijakan Grup yang berlaku.
Pada tanggal 31 Desember 2023 dan 2022, As of December 31, 2023 and 2022,
jumlah orang yang berhak memperoleh imbalan respectively, the numbers of people eligible for
tersebut adalah masing-masing 2.346 orang the benefits were 2,346 personnel (unaudited)
(tidak diaudit) dan 2.306 orang (tidak diaudit). and 2,306 personnel (unaudited).
2023 Annual Report PT Medco Energi Internasional Tbk 383
225
Page 386
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
42. LIABILITAS IMBALAN KERJA (lanjutan) 42. EMPLOYEE BENEFITS LIABILITIES (continued)
b. Program Pensiun Imbalan Pasti (lanjutan) b. Defined Benefit Pension Plan (continued)
i. Analisa liabilitas pensiun imbalan pasti i. An analysis of defined benefit obligations
yang diakui di dalam laporan posisi recognized in the consolidated statements
keuangan konsolidasian adalah sebagai of financial position were as follows:
berikut:
2023 2022
Nilai sekarang liabilitas pensiun Present value of defined benefit
imbalan pasti 110.883.615 95.192.976 obligations
Nilai wajar aset program (122.629.376) (110.859.749) Fair value of plan asset
Liabilitas pensiun imbalan kerja Defined benefit obligations
(kelebihan pendanaan liabilitas (overfunded defined benefit
pensiun imbalan kerja) (11.745.761) (15.666.773) obligations)
Batasan pengakuan aset 17.404.017 24.377.305 Limitation on asset recognition
Saldo akhir tahun 5.658.256 8.710.532 Balance at end of year
Liabilitas imbalan kerja - jangka Employee benefits liabilities -
panjang 5.658.256 8.710.532 long-term portion
Saldo akhir tahun 5.658.256 8.710.532 Balance at end of year
ii. Analisa biaya pensiun imbalan pasti pada ii. An analysis of the defined benefit costs in
laporan laba rugi dan penghasilan the consolidated statements of profit or
komprehensif lain konsolidasian adalah loss and other comprehensive income
sebagai berikut: were as follows:
2023 2022
Biaya jasa kini 7.022.045 8.008.642 Current service cost
Beban bunga 279.446 134.527 Interest cost
Biaya jasa lalu 102.535 (9.495.661) Past service cost
Jumlah 7.404.026 (1.352.492) Total
384 PT Medco Energi Internasional Tbk 2023 Annual Report
226
Page 387
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
42. LIABILITAS IMBALAN KERJA (lanjutan) 42. EMPLOYEE BENEFITS LIABILITIES (continued)
b. Program Pensiun Imbalan Pasti (lanjutan) b. Defined Benefit Pension Plan (continued)
iii. Mutasi liabilitas yang diakui atas beban iii. The movements of liabilities recognized for
imbalan kerja di laporan posisi keuangan the provision for employee service
konsolidasian adalah sebagai berikut: entitlements in the consolidated
statements of financial position were as
follows:
2023 2022
Saldo awal tahun 8.710.532 7.977.383 Balance at beginning of year
Efek dari akuisisi anak Effect from acquisition of
perusahaan – 5.019.081 subsidiary
Biaya imbalan kerja pada tahun Employee benefit costs for the
berjalan 7.404.026 (1.352.492) year
Jumlah yang diakui pada Total amount recognized in other
penghasilan komprehensif lain (1.641.579) 3.356.262 comprehensive income
Kontribusi pada tahun berjalan (8.964.663) (4.643.857) Contributions for the year
Imbalan kerja yang dibayarkan (7.632) (22.662) Benefits paid
Effect of foreign exchange
Dampak selisih kurs 157.572 (1.623.183) differences
Saldo akhir tahun 5.658.256 8.710.532 Balance at end of year
iv. Mutasi nilai kini kewajiban berdasarkan iv. The movements of present value of
perhitungan aktuari adalah sebagai obligation based on independent actuary’s
berikut: calculation were as follows:
2023 2022
Saldo awal tahun 95.192.976 82.615.587 Balance at beginning of year
Efek dari akuisisi anak Effect from acquisition of
perusahaan – 28.601.974 subsidiary
Biaya jasa kini 7.022.045 8.008.642 Current service cost
Biaya jasa lalu 102.535 (9.495.661) Past service cost
Beban bunga 6.482.927 6.565.223 Interest cost
Imbalan kerja yang
dibayarkan : Benefits paid :
Perusahaan (7.632) (22.662) Company
Dana pensiun (7.161.163) (8.900.243) Pension fund
Kerugian (laba) aktuarial atas : Actuarial loss (gain) due to :
Changes in financial
Perubahan asumsi finansial 3.737.224 (2.083.827) assumption
Penyesuaian historis 4.308.190 (2.581.867) Experience adjustments
Effect of foreign exchange
Dampak selisih kurs 1.206.513 (7.514.190) differences
Saldo akhir tahun 110.883.615 95.192.976 Balance at end of year
2023 Annual Report PT Medco Energi Internasional Tbk 385
227
Page 388
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
42. LIABILITAS IMBALAN KERJA (lanjutan) 42. EMPLOYEE BENEFITS LIABILITIES (continued)
b. Program Pensiun Imbalan Pasti (lanjutan) b. Defined Benefit Pension Plan (continued)
v. Mutasi nilai wajar aset program adalah v. The movements of fair value of plan
sebagai berikut: assets were as follows:
2023 2022
Saldo awal tahun 110.859.749 94.537.199 Balance at beginning of year
Efek dari akuisisi anak Effect from acquisition of
perusahaan – 23.582.894 subsidiary
Pendapatan bunga atas aset
program 8.037.439 7.729.861 Interest income on plan asset
Kontribusi pada tahun berjalan 8.964.663 4.000.752 Contributions for the year
Pembayaran manfaat dari aset
program (7.161.163) (8.900.243) Benefits paid by plan asset
Imbal hasil atas aset program 353.718 (2.173.070) Return on plan assets
Effect of foreign exchange
Dampak selisih kurs 1.574.970 (7.917.644) differences
Saldo akhir tahun 122.629.376 110.859.749 Balance at end of year
vi. Kategori utama atas aset program imbalan vi. The major categories of plan assets as a
sebagai persentase dari nilai wajar aset percentage of the fair value of the total
program adalah sebagai berikut: plan assets were as follows:
2023 2022
Obligasi pemerintah 47 % 43 % Government bonds
Deposito berjangka 36 % 37 % Time deposits
Obligasi perusahaan 17 % 20 % Corporate bonds
Jumlah 100 % 100 % Total
386 PT Medco Energi Internasional Tbk 2023 Annual Report
228
Page 389
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
42. LIABILITAS IMBALAN KERJA (lanjutan) 42. EMPLOYEE BENEFITS LIABILITIES (continued)
b. Program Pensiun Imbalan Pasti (lanjutan) b. Defined Benefit Pension Plan (continued)
vii. Liabilitas pensiun imbalan pasti dihitung vii. The defined benefit obligations were
dengan menggunakan asumsi sebagai calculated using the following
berikut: assumptions:
2023 2022
Tingkat diskonto 5,67% - 7,10% 5,52% - 7,44% Discount rates
Tingkat pengembalian yang
diharapkan dari aset: Expected rate of return on assets:
- Portofolio Rupiah 0% - 7,10% 0% - 7,44% Rupiah portfolio -
Tingkat proyeksi kenaikan gaji 5,0% - 6,0% 5,0% - 7,0% Salary increment rate
Tingkat mortalitas TMI 2019 TMI 2019 Mortality rate
Tingkat morbiditas (tingkat
disabilitas) 0,75% - 10% 0,75% - 10% Morbidity rate (disability rate)
tingkat mortalitas/ tingkat mortalitas/
mortality rate mortality rate
Tingkat pengunduran diri 1% - 6% 1% - 6% Resignation rate
terutama sesuai terutama sesuai
tingkat usia/ tingkat usia/
primarily in line with primarily in line with
age profile age profile
Usia pensiun normal (dalam
tahun) 58 - 60 58 - 60 Normal retirement age (in year)
Proporsi pengambilan pensiun
normal 100 % 100 % Proportion of normal retirements
Tingkat pensiun dini 1% - 5% 1% - 5% Early retirement rate
dari tingkat dari tingkat
kelangsungan hidup/ kelangsungan hidup/
of survival rate of survival rate
Analisa sensitivitas kuantitatif untuk asumsi- The quantitative sensitivity analysis for
asumsi yang signifikan pada tanggal significant assumptions as of
31 Desember 2023 dan 2022 adalah sebagai December 31, 2023 and 2022 were as follows:
berikut:
Tingkat diskonto/ Kenaikan gaji dimasa depan/ Future
Discount rates salary increase rate
Pengaruh nilai Pengaruh nilai
kini atas kini atas
kewajiban kewajiban
imbalan kerja/ imbalan kerja/
Effect on Effect on
present value on present value on
Persentase/ benefit Persentase/ benefit
Percentage obligation Percentage obligation
31 Desember 2023 December 31, 2023
Kenaikan 1% (8.450.824) 1% 8.488.706 Increase
Penurunan (1)% 9.220.341 (1)% (7.824.032) Decrease
31 Desember 2022 December 31, 2022
Kenaikan 1% (6.482.934) 1% 7.207.946 Increase
Penurunan (1)% 7.279.673 (1)% (6.516.756) Decrease
2023 Annual Report PT Medco Energi Internasional Tbk 387
229
Page 390
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
42. LIABILITAS IMBALAN KERJA (lanjutan) 42. EMPLOYEE BENEFITS LIABILITIES (continued)
b. Program Pensiun Imbalan Pasti (lanjutan) b. Defined Benefit Pension Plan (continued)
Jadwal jatuh tempo dari liabilitas imbalan pasti Undiscounted maturity profile of defined benefit
yang tidak didiskontokan pada tanggal obligations as of December 31, 2023 and 2022
31 Desember 2023 dan 2022 adalah sebagai were as follows:
berikut:
2023 2022
Kurang dari 1 tahun 9.304.636 6.693.928 Within one year
1 tahun 8.911.793 7.304.852 1 year
2 - 5 tahun 36.430.374 27.841.650 2 - 5 years
Lebih dari 5 tahun 323.653.997 321.438.423 More than 5 years
Jumlah 378.300.800 363.278.853 Total
c. Undang-Undang Ketenagakerjaan dan Imbalan c. Labor Law and Other Post-employment Benefits
Pascakerja Lainnya
Grup juga mengakui manfaat pasca-kerja The Group also recognizes post-employment
lainnya untuk pegawai yang bukan anggota benefits for employees who are non-members
program pensiun imbalan pasti dan personil of the defined benefit plan and key
manajemen kunci sesuai dengan Undang- management in accordance with Labor Law and
Undang Ketenagakerjaan dan kebijakan Grup current Group’s policy.
yang berlaku.
Pada tanggal 31 Desember 2023 dan 2022, As of December 31, 2023 and 2022, the
jumlah karyawan yang berhak memperoleh numbers of employees eligible for the benefits
imbalan tersebut adalah masing-masing were 831 personnel (unaudited) and 849
sebanyak 831 orang (tidak diaudit) dan 849 personnel (unaudited), respectively.
orang (tidak diaudit).
Pada tanggal 31 Desember 2023, liabilitas As of December 31, 2023, the employee
imbalan kerja ditetapkan berdasarkan benefits liabilities are determined based on the
perhitungan aktuaris independen Steven and calculation of independent actuaries, Steven
Mourits yang laporannya tertanggal 16 Januari and Mourits as set forth in their reports dated
2024 dan Yusi dan Rekan yang laporannya January 16, 2024 and Yusi and Partner as set
tertanggal 18 Maret 2024, 22 Maret 2024, 26 forth in their reports dated March 18, 2024,
Maret 2024 dan 27 Maret 2024. March 22, 2024, March 26, 2024 and March 27,
2024.
Pada tanggal 31 Desember 2022, liabilitas As of December 31, 2022, the employee
imbalan kerja ditetapkan berdasarkan benefits liabilities are determined based on the
perhitungan aktuaris independen Steven and calculation of independent actuaries, Steven
Mourits yang laporannya tertanggal 25 Januari and Mourits as set forth in their reports dated
2023 dan Yusi dan Rekan yang laporannya January 25, 2023 and Yusi and Partner as set
tertanggal 07 Februari 2023 dan 29 Maret 2023. forth in their reports dated February 07, 2023
and March 29, 2023.
388 PT Medco Energi Internasional Tbk 2023 Annual Report
230
Page 391
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
42. LIABILITAS IMBALAN KERJA (lanjutan) 42. EMPLOYEE BENEFITS LIABILITIES (continued)
c. Undang-Undang Ketenagakerjaan dan Imbalan c. Labor Law and Other Post-employment Benefits
Pascakerja Lainnya (lanjutan) (continued)
i. Analisa liabilitas Undang-Undang i. An analysis of the Labor Law and other
Ketenagakerjaaan dan imbalan pasca- post-employment benefits obligations
kerja lainnya yang diakui di dalam recognized in the consolidated
laporan posisi keuangan konsolidasian statements of financial position were as
adalah sebagai berikut: follows:
2023 2022
Nilai sekarang liabilitas pensiun Present value of defined benefit
imbalan pasti 28.523.080 24.693.731 obligations
Nilai wajar aset program (5.097.441) (5.060.067) Fair value of plan assets
Saldo akhir tahun 23.425.639 19.633.664 Balance at end of year
ii. Analisa biaya Undang-Undang ii. An analysis of the Labor Law and other
Ketenagakerjaan dan imbalan pasca- post-employment benefits costs in the
kerja lainnya pada laporan laba rugi dan consolidated statements of profit or loss
penghasilan komprehensif lain and other comprehensive income were
konsolidasian adalah sebagai berikut: as follows:
2023 2022
Biaya jasa kini 3.333.228 2.646.038 Current service cost
Beban bunga 913.455 473.211 Interest cost
Biaya jasa lalu (744.560) (590.159) Past service cost
Lain-lain 54.591 (82.183) Others
Jumlah 3.556.714 2.446.907 Total
iii. Mutasi liabilitas yang diakui atas beban iii. The movements of liabilities recognized
imbalan kerja di laporan posisi keuangan for the provision for employee service
konsolidasian adalah sebagai berikut: entitlements in the consolidated
statements of financial position were as
follows:
2023 2022
Saldo awal tahun 19.633.664 20.682.837 Balance at beginning of year
Biaya imbalan kerja pada tahun Employee benefit costs for the
berjalan 3.556.714 2.446.907 year
Jumlah yang diakui pada Total amount recognized in other
penghasilan komprehensif lain (445.514) (935.651) comprehensive income
Kontribusi pada tahun berjalan – (1.050.193) Contributions for the year
Imbalan kerja yang dibayarkan (137.008) (852.037) Benefits paid
Effect of foreign exchange
Dampak selisih kurs 817.783 (658.199) differences
Saldo akhir tahun 23.425.639 19.633.664 Balance at end of year
2023 Annual Report PT Medco Energi Internasional Tbk 389
231
Page 392
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
42. LIABILITAS IMBALAN KERJA (lanjutan) 42. EMPLOYEE BENEFITS LIABILITIES (continued)
c. Undang-Undang Ketenagakerjaan dan Imbalan c. Labor Law and Other Post-employment Benefits
Pascakerja Lainnya (lanjutan) (continued)
iv. Nilai kini kewajiban berdasarkan iv. The movements of present value of
perhitungan aktuari adalah sebagai obligation based on independent
berikut: actuary’s calculation were as follows:
2023 2022
Saldo awal tahun 24.693.731 25.002.686 Balance at beginning of year
Biaya jasa kini 3.333.228 2.646.038 Current service cost
Biaya jasa lalu (744.560) (590.159) Past service cost
Beban bunga 1.283.055 757.094 Interest cost
Imbalan kerja yang dibayarkan : Benefits paid :
Perusahaan (137.008) (852.037) Company
Dana pensiun (516.019) (75.231) Pension fund
Kerugian (keuntungan) aktuaria
atas : Actuarial loss (gain) due from :
Changes in demographic
Perubahan asumsi demografi – (3.177) assumption
Changes in financial
Perubahan asumsi financial (233.739) (1.136.574) assumption
Penyesuaian historis 312.764 150.793 Experience adjustments
Effect of foreign exchange
Dampak selisih kurs 531.628 (1.205.702) differences
Saldo akhir tahun 28.523.080 24.693.731 Balance at end of year
v. Mutasi nilai wajar aset program adalah v. The movements of fair value of plan
sebagai berikut: assets were as follows:
2023 2022
Saldo awal tahun 5.060.067 4.319.849 Balance at beginning of year
Pendapatan bunga atas aset
program 369.600 283.883 Interest income on plan asset
Kontribusi pada tahun berjalan – 1.050.193 Contributions for the year
Pembayaran manfaat dari aset
program (516.019) (75.231) Benefits paid by plan asset
Imbal hasil atas aset program 113.999 (51.095) Return on plan assets
Effect of foreign exchange
Dampak selisih kurs 69.794 (467.532) differences
Saldo akhir tahun 5.097.441 5.060.067 Balance at end of year
390 PT Medco Energi Internasional Tbk 2023 Annual Report
232
Page 393
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
42. LIABILITAS IMBALAN KERJA (lanjutan) 42. EMPLOYEE BENEFITS LIABILITIES (continued)
c. Undang-Undang Ketenagakerjaan dan Imbalan c. Labor Law and Other Post-employment Benefits
Pascakerja Lainnya (lanjutan) (continued)
vi. Penghargaan Jubilee: vi. Jubilee Awards:
Pegawai permanen dari Grup berhak Permanent employees of the Group are
atas penghargaan Jubilee. Penghargaan entitled to Jubilee Awards. Jubilee
Jubilee akan dibayarkan kepada Awards are paid to employees upon
pegawai setelah menyelesaikan completion of a certain number of years
sejumlah tahun masa kerjanya. Estimasi of services. Estimated Jubilee awards
penghargaan Jubilee adalah sebagai were as follows:
berikut:
2023 2022
Nilai sekarang liabilitas pensiun Present value of defined benefit
imbalan pasti 2.439.209 2.318.528 obligations
Tabel berikut ini menyajikan komponen The following table summarizes the
beban dan liabilitas imbalan kerja jangka consolidated components of employees’
panjang lainnya konsolidasian: other long term benefit expense and
liabilities:
2023 2022
Biaya jasa kini 191.909 206.664 Current service cost
Beban bunga 157.585 136.653 Interest cost
Biaya jasa lalu – 162 Past service cost
Kerugian aktuaria yang diakui 24.274 5.415 Actuarial loss recognized
Penilaian kembali atas imbalan Remeasurement of other long
jangka panjang lainnya (3.554) (57.383) term employee benefits
Jumlah 370.214 291.511 Total
Mutasi liabilitas yang diakui atas beban The movements of liabilities recognized
imbalan kerja di laporan posisi keuangan for the provision for employee service
konsolidasian adalah sebagai berikut: entitlements in the consolidated
statements of financial position were as
follows:
2023 2022
Saldo awal tahun 2.318.528 2.123.226 Balance at beginning of year
Effect from acquisition of
Efek akuisisi anak Perusahaan – 642.446 subsidiary
Biaya imbalan kerja pada tahun Employee benefit costs for the
berjalan 370.214 291.511 year
Jumlah yang diakui pada
penghasilan komprehensif Total amount recognized in
lain (421) (1.628) other comprehensive income
Imbalan kerja yang dibayarkan (290.222) (230.466) Benefits paid
Effect of foreign exchange
Dampak selisih kurs 41.110 (506.561) differences
Saldo akhir tahun 2.439.209 2.318.528 Balance at end of year
2023 Annual Report PT Medco Energi Internasional Tbk 391
233
Page 394
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
42. LIABILITAS IMBALAN KERJA (lanjutan) 42. EMPLOYEE BENEFITS LIABILITIES (continued)
c. Undang-Undang Ketenagakerjaan dan Imbalan c. Labor Law and Other Post-employment Benefits
Pascakerja Lainnya (lanjutan) (continued)
vii. Liabilitas atas Undang-Undang vii. The Labor Law and other post-
Ketenagakerjaan dan imbalan pasca- employment benefits obligations were
kerja lainnya pada dihitung dengan calculated using the following
menggunakan asumsi sebagai berikut: assumptions:
2023 2022
Tingkat diskonto 5,67% - 7,10% 3,95% - 7,43% Discount rates
Tingkat proyeksi kenaikan gaji 5,0% - 6,0% 5,0% - 6,0% Salary increment rate
Tingkat mortalitas TMI 2019 TMI 2019 Mortality rate
Tingkat morbiditas (tingkat
disabilitas) 10 % 10 % Morbidity rate (disability rate)
tingkat mortalitas/ tingkat mortalitas/
mortality rate mortality rate
Tingkat pengunduran diri 0% - 10% 0% - 10% Resignation rate
terutama sesuai terutama sesuai
tingkat usia/ tingkat usia/
primarily in line with primarily in line with
age profile age profile
Proporsi pengambilan pensiun Proportion of normal
normal 100 % 100 % retirements
Analisa sensitivitas kuantitatif untuk The quantitative sensitivity analysis for
asumsi-asumsi yang signifikan pada significant assumptions as of
tanggal 31 Desember 2023 dan 2022 December 31, 2023 and 2022 were as
adalah sebagai berikut: follows:
Tingkat diskonto/ Kenaikan gaji dimasa depan/
Discount rates Future salary increase rate
Pengaruh nilai Pengaruh nilai
kini atas kini atas
kewajiban kewajiban
imbalan kerja/ imbalan kerja/
Effect on Effect on
present value present value
Persentase/ on benefit Persentase/ on benefit
Percentage obligation Percentage obligation
31 Desember 2023 December 31, 2023
Kenaikan 1% (1.490.105) 1% 1.235.679 Increase
Penurunan (1)% 1.355.190 (1)% (1.386.201) Decrease
31 Desember 2022 December 31, 2022
Kenaikan 1% (1.425.069) 1% 1.319.222 Increase
Penurunan (1)% 1.064.940 (1)% (1.410.842) Decrease
392 PT Medco Energi Internasional Tbk 2023 Annual Report
234
Page 395
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
42. LIABILITAS IMBALAN KERJA (lanjutan) 42. EMPLOYEE BENEFITS LIABILITIES (continued)
c. Undang-Undang Ketenagakerjaan dan Imbalan c. Labor Law and Other Post-employment Benefits
Pascakerja Lainnya (lanjutan) (continued)
vii. Liabilitas atas Undang-Undang vii. The Labor Law and other post-
Ketenagakerjaan dan imbalan pasca- employment benefits obligations were
kerja lainnya pada dihitung dengan calculated using the following
menggunakan asumsi sebagai berikut: assumptions: (continued)
(lanjutan)
Jadwal jatuh tempo dari liabilitas imbalan The undiscounted maturity profile of
pasti yang tidak didiskontokan pada defined benefit obligations as of
tanggal 31 Desember 2023 dan 2022 December 31, 2023 and 2022, were as
adalah sebagai berikut: follows:
2023 2022
Kurang dari 1 tahun 490.042 398.849 Within one year
1 tahun 3.533.065 954.518 1 year
2 - 5 tahun 4.159.854 7.664.788 2 - 5 years
Lebih dari 5 tahun 82.763.284 65.798.441 More than 5 years
Jumlah 90.946.245 74.816.596 Total
Durasi rata-rata liabilitas imbalan pasti The average duration of the defined benefits
diakhir tahun pelaporan untuk Grup berkisar obligation at the end of reporting year for the
antara 1 sampai 18 tahun pada tanggal Group were approximately 1 to 18 years for
31 Desember 2023 dan berkisar antara 1 December 31, 2023 and approximately 1 to
sampai 19 tahun pada tanggal 31 Desember 19 years for December 31, 2022.
2022.
Manajemen berkeyakinan bahwa saldo Management believes that the balance of
liabilitas imbalan kerja tersebut cukup untuk employee benefits liabilities is sufficient to
memenuhi imbalan minimum sesuai dengan cover the minimum benefits required under
Undang-Undang Tenaga Kerja. the Labor Law.
2023 Annual Report PT Medco Energi Internasional Tbk 393
235
Page 396
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
43. SIFAT HUBUNGAN DAN TRANSAKSI- 43. NATURE OF RELATIONSHIPS AND
TRANSAKSI DENGAN PIHAK-PIHAK BERELASI TRANSACTIONS WITH RELATED PARTIES
a. Sifat Hubungan Berelasi a. Nature of Relationships
Pihak berelasi/ Sifat dari hubungan/ Sifat dari transaksi/
Related parties Nature of relationship Nature of transaction
PT Bank Woori Saudara Mempunyai pemegang saham Kas di bank, deposito berjangka yang dibatasi penggunaannya
Indonesia 1906 mayoritas yang sama dengan digunakan untuk jaminan utang karyawan dan pinjaman bank/
Perusahaan/ Cash in bank, restricted time deposit used as collateral for
Has the same majority shareholder with employees’ loan and bank loan
the Company
PT Medco Intidinamika (“INTI”) Mempunyai pemegang saham –
pengendali yang sama dengan
Perusahaan/
Has the same controlling shareholder
as the Company
PT Medco Duta (“DUTA”) Salah satu pemegang saham –
Perusahaan dan mempunyai pemegang
saham mayoritas yang sama dengan
Perusahaan/
A stockholder of the Company and has
the same majority shareholder with the
Company
PT Amman Mineral Internasional Dimiliki oleh Grup sebesar 20,92%. PT –
(“AMI”) Amman Mineral Industri adalah entitas
anak dari AMI/
20.92% owned by the group.
PT Amman Mineral Industri is a
subsidiary of AMI
PT Medco Daya Abadi Lestari Entitas induk langsung Perusahaan/ Piutang dari PT Medco Daya Abadi Lestari (“MDAL”) merupakan
(“MDAL”) Direct parent entity of the Company piutang atas penjualan 2% kepemilikan saham MGeoPS
Perusahaan ke MDAL/
Receivable from PT Medco Daya Abadi Lestari (“MDAL”)
represents the receivable on the sale of the 2% of MGeoPS
shares of the Company to MDAL
Penalti dari uang muka yang dikenakan bunga terkait transaksi
minyak mentah/
Penalty from advance with interest pertaining to crude oil
transaction
Uang muka yang dikenakan bunga terkait dengan transaksi
minyak mentah dan akan di bayarkan saat berakhirnya
perjanjian tanggal 30 Desember 2022/
Advance with interest pertaining to crude oil transaction and will
be paid on December 30, 2022 at the end of agreement
Pendapatan bunga/
Finance income
PT Medco Daya Sentosa (“MDS”) Mempunyai pemegang saham Biaya tagihan terkait penggantian biaya proyek/
mayoritas yang sama dengan Billing fee related to project cost reimbursement
Perusahaan/
Has the same majority shareholder with
the Company
394 PT Medco Energi Internasional Tbk 2023 Annual Report
236
Page 397
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
43. SIFAT HUBUNGAN DAN TRANSAKSI- 43. NATURE OF RELATIONSHIPS AND
TRANSAKSI DENGAN PIHAK-PIHAK BERELASI TRANSACTIONS WITH RELATED PARTIES
(lanjutan) (continued)
a. Sifat Hubungan Berelasi (lanjutan) a. Nature of Relationships (continued)
Pihak berelasi/ Sifat dari hubungan/ Sifat dari transaksi/
Related parties Nature of relationship Nature of transaction
PT Medco Daya Energi Mempunyai pemegang saham Piutang operasi bersama di Blok A (Aceh)/
Nusantara (“MDEN”) mayoritas yang sama dengan Receivables from joint operations in Block A (Aceh)
Perusahaan/
Has the same majority shareholder Utang usaha dari aktivitas operasi minyak dan gas/
with the Company Trade payables from oil and gas operations
Utang ini merupakan porsi utang hasil alokasi dari biaya Grup
yang dibebankan kepada anak-anak Perusahaan/
This payable represents the portion of payables resulting from
the allocation of the Group fees charge to the subsidiaries
Pendapatan keuangan merupakan subsewa kepada mitra
operasi bersama/
Finance income pertaining to sublease to joint operation
partner
PT Medco Daya Natuna (“MDN”) Mempunyai pemegang saham Piutang operasi bersama di Laut Natuna Selatan Blok B/
mayoritas yang sama dengan Receivables from joint operations in South Natuna Sea Block
Perusahaan/ B
Has the same majority shareholder
with the Company Utang usaha dari aktivitas operasi minyak dan gas/
Trade payables from oil and gas operations
Utang ini merupakan porsi utang hasil alokasi dari biaya Grup
yang dibebankan kepada anak-anak Perusahaan/
This payable represents the portion of payables resulting from
the allocation of the Group fees charge to the subsidiaries
Pendapatan keuangan merupakan subsewa kepada mitra
operasi bersama/
Finance income pertaining to sublease to joint operation
partner
PT Medco Daya Makmur Mempunyai pemegang saham Piutang operasi bersama di Blok Sumatera Selatan/
(“MDM”) mayoritas yang sama dengan Receivables from joint operations in South Sumatera Block
Perusahaan/
Has the same majority shareholder Piutang usaha dari aktivitas operasi minyak dan gas/
with the Company Trade receivables from oil and gas operations
Utang usaha dari aktivitas operasi minyak dan gas/
Trade payables from oil and gas operations
Utang kepada operasi bersama di Blok Sumatera Selatan/
Payables to joint operations in South Sumatera Block
Pendapatan keuangan merupakan subsewa kepada mitra
operasi bersama/
Finance income pertaining to sublease to joint operation
partner
2023 Annual Report PT Medco Energi Internasional Tbk 395
237
Page 398
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
43. SIFAT HUBUNGAN DAN TRANSAKSI- 43. NATURE OF RELATIONSHIPS AND
TRANSAKSI DENGAN PIHAK-PIHAK BERELASI TRANSACTIONS WITH RELATED PARTIES
(lanjutan) (continued)
a. Sifat Hubungan Berelasi (lanjutan) a. Nature of Relationships (continued)
Pihak berelasi/ Sifat dari hubungan/ Sifat dari transaksi/
Related parties Nature of relationship Nature of transaction
PT Bahtera Daya Makmur Mempunyai pemegang saham Piutang operasi bersama di Blok Rimau/
(“BDM”) mayoritas yang sama dengan Receivables from joint operations in Rimau Block
Perusahaan/
Has the same majority shareholder Piutang usaha dari aktivitas operasi minyak dan gas/
with the Company Trade receivables from oil and gas operations
Utang usaha dari aktivitas operasi minyak dan gas/
Trade payables from oil and gas operations
Utang kepada operasi bersama di Blok Rimau/
Payables to joint operations in Rimau Block
Pendapatan keuangan merupakan subsewa kepada mitra
operasi bersama/
Finance income pertaining to sublease to joint operation
partner
Kuala Langsa (Block A) Limited Dimiliki oleh Grup sebesar 50%/ Utang lain-lain dari transfer kas dari Kuala Langsa ke anak
(“KLL”) 50%-owned by the Group Perusahaan yaitu PT Medco E & P Malaka (MEPM) saat
penjualan hak partisipasi Blok A ke MEPM/
Other payables from cash transfer from Kuala Langsa to one
of the Company’s subsidiaries, namely PT Medco E & P
Malaka (MEPM), upon the sale of Blok A’s working interest to
MEPM
PT Api Metra Graha (“AMG”) Dimiliki oleh Grup sebesar 49% sejak Piutang atas jasa keamanan/
Maret 2019/ Receivable from security services
49%-owned by the Group since
March 2019 Piutang atas setoran jaminan terkait dengan perpanjangan
sewa gedung The Energy setelah masa kontraknya habis
pada tahun 2019. Pada tanggal 26 Maret 2020, piutang ini
dikonversi menjadi uang muka sewa ruangan kantor
Perusahaan di gedung The Energy untuk periode April 2020
hingga September 2023/
Booking deposit for office space lease extension in The
Energy Building which will be expired after the contract expired
in 2019. On March 26, 2020, this receivable was converted as
advance for the Company’s office space lease in The Energy
building for the period from April 2020 until September 2023
Asset hak guna atas sewa/
Right of use asset related to lease
Utang atas sewa ruang kantor/
Payable for office space rent
Liabilitas sewa atas sewa/
Lease liabilities related to leases
Pendapatan dari sewa ruangan kantor/
Revenue from office space lease
Transasia Pipeline Company Dimiliki oleh Grup sebesar 35%/ Biaya Jasa Administrasi/
PVT. LTD 35%-owned by the Group Administrative Service Fee
Pacific Medco Solar Energy Pte Pihak berelasi yang memiliki pengaruh Uang muka/
Ltd. signifikan atas entitas anak/ Advances
Related party having significant
influence
396 PT Medco Energi Internasional Tbk 2023 Annual Report
238
Page 399
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
43. SIFAT HUBUNGAN DAN TRANSAKSI- 43. NATURE OF RELATIONSHIPS AND
TRANSAKSI DENGAN PIHAK-PIHAK BERELASI TRANSACTIONS WITH RELATED PARTIES
(lanjutan) (continued)
b. Transaksi-transaksi dengan Pihak-pihak b. Transactions with Related Parties
Berelasi
Dalam melakukan kegiatan usahanya, Grup In the normal course of business, the Group
melakukan transaksi-transaksi tertentu dengan entered into certain transactions with its related
pihak-pihak berelasi. parties.
2023 2022
Persentase Persentase
terhadap terhadap
jumlah (%)/ jumlah (%)/
Jumlah/ Percentage to Jumlah/ Percentage to
Amount related totals (%) Amount related totals (%)
Aset Assets
Kas dan setara kas Cash and cash equivalents
PT Bank Woori Saudara Indonesia PT Bank Woori Saudara Indonesia
1906 Tbk 67.612.264 0,905321 74.205.190 1,070488 1906 Tbk
Deposito dan rekening bank yang Restricted time deposits and cash in
dibatasi penggunaannya bank
PT Bank Woori Saudara Indonesia PT Bank Woori Saudara Indonesia
1906 Tbk 134.709 0,001804 121.692 0,001756 1906 Tbk
Piutang usaha Trade receivables
PT Medco Daya Makmur – 0,000000 335.987 0,004847 PT Medco Daya Makmur
PT Bahtera Daya Makmur 69.401 0,000929 68.513 0,000988 PT Bahtera Daya Makmur
Piutang lain-lain Other Receivables
PT Medco Daya Makmur 29.215.178 0,391188 11.471.385 0,165487 PT Medco Daya Makmur
PT Bahtera Daya Makmur 22.087.029 0,295743 14.418.223 0,207998 PT Bahtera Daya Makmur
PT Medco Daya Natuna 5.378.331 0,072015 52.161.410 0,752483 PT Medco Daya Natuna
PT Medco Daya Abadi Lestari 5.235.799 0,070107 4.301.666 0,062056 PT Medco Daya Abadi Lestari
Pacific Medco Solar Energy Pte
Pacific Medco Solar Energy Pte Ltd 1.367.229 0,018307 – 0,000000 Ltd.
PT Medco Daya Energi Nusantara 1.323.083 0,017716 206.195 0,002975 PT Medco Daya Energi Nusantara
PT Api Metra Graha 857.130 0,011477 1.057.571 0,015257 PT Api Metra Graha
Transasia Pipeline Company Pvt. Transasia Pipeline Company Pvt.
Ltd. 24.000 0,000321 – 0,000000 Ltd.
Uang muka kepada pihak berelasi Advances to a related Party
PT Medco Daya Abadi Lestari 128.631.758 1,722366 59.725.264 0,861599 PT Medco Daya Abadi Lestari
Aset hak guna Right-of-use assets
PT Api Metra Graha 12.719.515 0,170313 16.791.891 0,242241 PT Api Metra Graha
Setoran jaminan Security Deposits
PT Api Metra Graha 1.392.594 0,018647 1.516.113 0,021872 PT Api Metra Graha
2023 Annual Report PT Medco Energi Internasional Tbk 397
239
Page 400
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
43. SIFAT HUBUNGAN DAN TRANSAKSI- 43. NATURE OF RELATIONSHIPS AND
TRANSAKSI DENGAN PIHAK-PIHAK BERELASI TRANSACTIONS WITH RELATED PARTIES
(lanjutan) (continued)
b. Transaksi-transaksi dengan Pihak-pihak b. Transactions with Related Parties (continued)
Berelasi (lanjutan)
2023 2022
Persentase Persentase
terhadap terhadap
jumlah (%)/ jumlah (%)/
Jumlah/ Percentage to Jumlah/ Percentage to
Amount related totals (%) Amount related totals (%)
Liabilitas Liabilities
Pinjaman Bank Bank loans
PT Bank Woori Saudara Indonesia PT Bank Woori Saudara Indonesia
1906 Tbk 11.000.000 0,202179 13.000.000 0,250753 1906 Tbk
Utang usaha Trade payables
PT Medco Daya Natuna 24.667.222 0,453382 84.430 0,001629 PT Medco Daya Natuna
PT Bahtera Daya Makmur 7.490.411 0,137673 – 0,000000 PT Bahtera Daya Makmur
PT Medco Daya Makmur 5.889.621 0,108251 190.452 0,003674 PT Medco Daya Makmur
PT Medco Daya Energi Nusantara 1.997.080 0,036706 – 0,000000 PT Medco Daya Energi Nusantara
Utang lain-lain Other payables
PT Medco Daya Makmur 11.176.562 0,205424 4.523.567 0,087254 PT Medco Daya Makmur
PT Medco Daya Energi Nusantara 1.841.023 0,033838 101.515 0,001958 PT Medco Daya Energi Nusantara
PT Medco Daya Natuna 1.107.316 0,020352 292.835 0,005648 PT Medco Daya Natuna
PT Bahtera Daya Makmur 804.451 0,014786 5.266.294 0,101580 PT Bahtera Daya Makmur
PT Medco Daya Abadi Lestari 352.366 0,006476 674.047 0,013001 PT Medcoo Daya Abadi Lestari
Kuala Langsa (Block A) Limited
(KLL) 79.591 0,001463 – 0,000000 Kuala Langsa (Block A) Limited
Liabilitas sewa jangka panjang Long-term lease liabilities
PT Api Metra Graha 12.853.158 0,236240 16.510.334 0,318463 PT Api Metra Graha
2023 2022
Persentase Persentase
terhadap terhadap
jumlah (%)/ jumlah (%)/
Jumlah/ Percentage to Jumlah/ Percentage to
Amount related totals (%) Amount related totals (%)
Transaksi Transactions
Pendapatan dari jasa Revenue from services
PT Medco Daya Natuna 455.225 0,020238 609.746 0,026371 PT Medco Daya Natuna
PT Bahtera Daya Makmur 42.432 0,001886 744.247 0,032187 PT Bahtera Daya Makmur
PT Medco Daya Makmur 40.410 0,001797 1.170.237 0,050611 PT Medco Daya Makmur
PT Api Metra Graha 9.010 0,000401 53.530 0,002315 PT Api Metra Graha
PT Medco Daya Energi Nusantara 665 0,000030 3.267 0,000141 PT Medco Daya Energi Nusantara
Biaya pembelian minyak mentah Cost of crude oil purchase
PT Medco Daya Abadi Lestari 108.266.910 8,905898 59.445.177 5,575652 PT Medco Daya Abadi Lestari
Sewa ruang kantor Office space lease
PT Api Metra Graha 3.128.791 0,257370 3.182.725 0,298523 PT Api Metra Graha
Pendapatan bunga Finance income
PT Medco Daya Abadi Lestari 5.046.823 10,196731 7.611.838 19,214074 PT Medco Daya Abadi Lestari
398 PT Medco Energi Internasional Tbk 2023 Annual Report
240
Page 401
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
43. SIFAT HUBUNGAN DAN TRANSAKSI- 43. NATURE OF RELATIONSHIPS AND
TRANSAKSI DENGAN PIHAK-PIHAK BERELASI TRANSACTIONS WITH RELATED PARTIES
(lanjutan) (continued)
c. Kompensasi manajemen kunci c. Compensation to key management
Manajemen kunci terdiri dari Komisaris dan Key management pertains to the
Direksi Perusahaan. Commissioners and Directors of the Company.
Jumlah kompensasi dan imbalan lain kepada The total compensation and other benefits for
Dewan Komisaris dan Direksi untuk tahun yang the Commissioners and Directors for the years
berakhir pada tanggal 31 Desember 2023 dan ended December 31, 2023 and 2022 consist of:
2022 terdiri dari:
2023 2022
Dewan Komisaris Board of Commissioners
Imbalan jangka pendek 3.105.177 2.867.810 Short-term compensations
Pembayaran pesangon – 805.974 Severance payments
Sub-Jumlah 3.105.177 3.673.784 Sub-total
Dewan Direksi Board of Directors
Imbalan jangka pendek 22.061.390 15.081.065 Short-term compensations
Imbalan pasca-kerja (pencadangan) 2.038.326 1.560.855 Post-retirement benefits (provision)
Sub-Jumlah 24.099.716 16.641.920 Sub-total
Pembayaran berbasis saham untuk Share-based payments for
Komisaris dan Direksi 393.094 2.391.965 Commissioners and Directors
Jumlah 27.597.987 22.707.669 Total
44. INFORMASI SEGMEN 44. SEGMENT INFORMATION
Grup mengklasifikasikan dan mengevaluasi The Group classifies and evaluates its financial
informasi keuangan mereka menjadi pelaporan information into reportable operating segments
segmen usaha yang dikelompokkan menjadi enam which are grouped into six (6) strategic business
(6) kelompok bisnis strategis: groups:
a. Segmen Usaha a. Operating Segments
Grup bergerak di bidang usaha sebagai berikut: The Group is engaged in the following business
activities:
i. Eksplorasi dan produksi minyak dan gas i. Exploration and production of oil and gas
bumi
ii. Jasa ii. Services
iii. Listrik iii. Power
iv. Kimia iv. Chemicals
v. Perdagangan v. Trading
vi. Holding dan operasional terkait vi. Holding and related operations
2023 Annual Report PT Medco Energi Internasional Tbk 399
241
Page 402
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
44. INFORMASI SEGMEN (lanjutan) 44. SEGMENT INFORMATION (continued)
a. Segmen Usaha (lanjutan) a. Operating Segments (continued)
Segmen usaha dari operasi yang dihentikan The operating segments of discontinued
dan/atau dimiliki untuk dijual adalah sebagai operations and/or held for sale are as follows
berikut (Catatan 39): (Note 39):
Entitas anak/ Segmen/ Periode/
Subsidiaries Segment Period
31 Desember 2023 dan 31 Desember 2022/
PT Medco Methanol Bunyu Kimia/Chemicals
December 31, 2023 and December 31, 2022
31 Desember 2023 dan 31 Desember 2022/
PT Medco LPG Kaji Kimia/Chemicals
December 31, 2023 and December 31, 2022
31 Desember 2023 dan 31 Desember 2022/
PT Medco Ethanol Lampung Kimia/Chemicals
December 31, 2023 and December 31, 2022
31 Desember 2023 dan 31 Desember 2022/
PT Medco Downstream Indonesia Kimia/Chemicals
December 31, 2023 and December 31, 2022
Informasi geografis dari operasi yang dihentikan The geographical information of discontinued
dan dimiliki untuk dijual adalah sebagai berikut operations and held for sale are as follows
(Catatan 39): (Note 39):
Entitas anak/ Informasi Geografis/ Periode/
Subsidiaries Geographical Information Period
Amerika Serikat/United 31 Desember 2023 dan 31 Desember 2022/
Medco Energi US LLC
States of America (USA) December 31, 2023 and December 31, 2022
Amerika Serikat/United 31 Desember 2023 dan 31 Desember 2022/
Medco Energi USA Inc
States of America (USA) December 31, 2023 and December 31, 2022
31 Desember 2023 dan 31 Desember 2022/
Ophir Vietnam Block 12W B.V Vietnam
December 31, 2023 and December 31, 2022
Afrika dan Timur Tengah/ 31 Desember 2023 dan 31 Desember 2022/
Medco International Ventures Ltd
Africa and Middle East December 31, 2023 and December 31, 2022
2023
Eksplorasi
dan produksi Holding
minyak dan dan
gas bumi/ operasional Operasi
Exploration terkait/ yang
and Holding dihentikan/
production Jasa/ Listrik/ Perdagangan/ and related Discontinued Eliminasi/ Konsolidasi/
of oil and gas Service Power Trading operations operations Elimination Consolidation
Penjualan eksternal/
External sales 1.627.608.747 7.704.333 280.896.568 333.127.930 – – – 2.249.337.578
Penjualan antar segmen/
Intersegment sales 176.698.806 22.587.237 181.592 – – – (199.467.635) –
Jumlah penjualan dan
pendapatan usaha
lainnya/
Total sales and other
operating revenues 1.804.307.553 30.291.570 281.078.160 333.127.930 – – (199.467.635) 2.249.337.578
Laba kotor/
Gross profit 944.019.945 8.069.583 75.653.069 9.425.093 – – (3.506.669) 1.033.661.021
Beban penjualan, umum dan
administrasi/
Selling, general and
administrative expenses (141.357.599) (5.452.533) (36.961.617) (4.169.639) (79.923.105) – 26.494.780 (241.369.713)
400 PT Medco Energi Internasional Tbk 2023 Annual Report
242
Page 403
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
44. INFORMASI SEGMEN (lanjutan) 44. SEGMENT INFORMATION (continued)
a. Segmen Usaha (lanjutan) a. Operating Segments (continued)
2023
Eksplorasi
dan produksi Holding
minyak dan dan
gas bumi/ operasional Operasi
Exploration terkait/ yang
and Holding dihentikan/
production Jasa/ Listrik/ Perdagangan/ and related Discontinued Eliminasi/ Konsolidasi/
of oil and gas Service Power Trading operations operations Elimination Consolidation
Keuntungan (Kerugian) atas
penyesuaian nilai wajar
aset keuangan/
Gain (Loss) on fair value
adjustment of financial
assets 23.901.472 – – – 45.390.405 – – 69.291.877
Kerugian penurunan nilai
aset/
Loss on impairment of assets (58.919.416) – (715.995) – – – – (59.635.411)
Bagian laba (rugi) dari entitas
entitas asosiasi dan
ventura bersama/
Share of net income (loss) of
associate and joint
venture (22.811.028) – 2.623.479 – 59.515.607 – – 39.328.058
Pendapatan bunga/
Interest income 47.197.616 115.755 4.203.898 8.453.031 2.761.763 – (13.237.543) 49.494.520
Keuntungan pembelian
diskon/
Bargain purchase 36.173.977 – – – – – – 36.173.977
Beban pendanaan/
Finance costs (175.330.564) (380.100) (38.883.849) (33.471.875) (41.173.537) – 13.237.543 (276.002.382)
Keuntungan atas dilusi
investasi jangka panjang/
Gain on dilution of long-term
investment – – – – 83.839.822 – – 83.839.822
Pendapatan dividen/
Dividend income 31.768.200 – – – 165.808.088 – (165.808.088) 31.768.200
Pendapatan lain-lain/
Other income 22.119.868 2.737.439 9.198.661 1.389.516 24.683.196 – (34.185.030) 25.943.650
Beban lain-lain/
Other expenses (43.325.029) – (2.545.582) (23.589.364) (7.229.904) – 12.049.692 (64.640.187)
Laba (rugi) sebelum manfaat
(beban) pajak
penghasilan dari
operasi yang
dilanjutkan/
Profit (loss) before income
tax benefit (expense)
from continuing
operations 663.437.442 5.090.144 12.572.064 (41.963.238) 253.672.335 – (164.955.315) 727.853.432
2023 Annual Report PT Medco Energi Internasional Tbk 401
243
Page 404
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
44. INFORMASI SEGMEN (lanjutan) 44. SEGMENT INFORMATION (continued)
a. Segmen Usaha (lanjutan) a. Operating Segments (continued)
2023
Eksplorasi
dan produksi Holding
minyak dan dan
gas bumi/ operasional Operasi
Exploration terkait/ yang
for and Holding dihentikan/
production Jasa/ Listrik/ Perdagangan/ and related Discontinued Eliminasi/ Konsolidasi/
of oil and gas Service Power Trading operations operations Elimination Consolidation
Beban pajak penghasilan/
Income tax expense (319.730.875) 1.808.106 (9.336.761) (1.588.418) (10.818.432) – – (339.666.380)
Kepentingan nonpengendali/
Non-controlling interests (3.321.647) – (11.771.695) – – – – (15.093.342)
Laba setelah beban pajak
penghasilan dari
operasi yang
dihentikan/
Profit after income tax
expense from
discontinued operations – – – – – (207.373.764) 164.955.315 (42.418.449)
LABA (RUGI) TAHUN
BERJALAN YANG
DIATRIBUSIKAN
KEPADA PEMILIK
ENTITAS INDUK/
PROFIT (LOSS) FOR THE
YEAR
ATTRIBUTABLE TO
OWNERS OF THE
PARENT COMPANY 340.384.920 6.898.250 (8.536.392) (43.551.656) 242.853.903 (207.373.764) — 330.675.261
Aset segmen/
Segment assets 12.169.302.421 18.419.774 958.468.011 5.292.349.673 6.219.845.970 230.556.394 (19.073.611.606) 5.815.330.637
Investasi jangka panjang/
Long-term investments 286.262.733 – 154.747.780 – 1.211.975.119 – – 1.652.985.632
JUMLAH ASET/
TOTAL ASSETS 12.455.565.154 18.419.774 1.113.215.791 5.292.349.673 7.431.821.089 230.556.394 (19.073.611.606) 7.468.316.269
LIABILITAS
Liabilitas segmen/
LIABILITIES
Segment liabilities 10.080.626.700 22.787.196 612.552.214 7.141.317.980 6.208.600.552 448.447.241 (19.073.611.606) 5.440.720.277
Pembelian barang modal/
Capital expenditures 256.026.433 1.136.507 54.819.716 1.076.776 3.018.865 316.078.297
Penyusutan, deplesi dan
amortisasi/
Depreciation, depletion and
amortization 446.101.101 3.563.899 8.937.479 734.526 3.568.905 462.905.910
Transaksi non kas selain
depresiasi, deplesi dan
amortisasi/
Non-cash transactions other
than depreciation,
depletion and
amortization 18.585.206 – 1.082.002 257.955 2.063.478 21.988.641
402 PT Medco Energi Internasional Tbk 2023 Annual Report
244
Page 405
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
44. INFORMASI SEGMEN (lanjutan) 44. SEGMENT INFORMATION (continued)
a. Segmen Usaha (lanjutan) a. Operating Segments (continued)
2022
Eksplorasi
dan produksi Holding
minyak dan dan
gas bumi/ operasional Operasi
Exploration terkait/ yang
for and Holding dihentikan/
production Jasa/ Listrik/ Perdagangan/ and related Discontinued Eliminasi/ Konsolidasi/
of oil and gas Service Power Trading operations operations Elimination Consolidation
Penjualan eksternal/
External sales 2.051.390.256 8.046.747 114.351.919 138.438.680 – – – 2.312.227.602
Penjualan antar segmen/
Intersegment sales 74.910.660 8.679.496 10.221 – – – (83.600.377) –
Jumlah penjualan dan
pendapatan usaha
lainnya/
Total sales and other
operating revenues 2.126.300.916 16.726.243 114.362.140 138.438.680 – – (83.600.377) 2.312.227.602
Laba kotor/
Gross profit 1.188.549.824 (4.920.683) 65.138.121 667.449 – – (3.363.667) 1.246.071.044
Beban penjualan, umum dan
administrasi/
Selling, general and
administrative expenses (117.864.906) (3.194.666) (34.557.029) (16.465.629) (68.655.426) – 20.880.868 (219.856.788)
Keuntungan (kerugian) atas
penyesuaian nilai wajar
aset keuangan/
Gain (loss) on fair value
adjustment of financial
assets – – 547.027 – – – – 547.027
Kerugian penurunan nilai
aset/
Loss on impairment of assets (504.402) – (1.753.041) – – – – (2.257.443)
Bagian laba (rugi) dari entitas
entitas asosiasi dan
ventura bersama/
Share of net income (loss) of
associate and joint
venture (18.792.334) – (2.425.764) – 254.128.107 – – 232.910.009
Pendapatan bunga/
Interest income 42.579.628 94.163 1.895.359 4.407.717 11.950.737 – (21.311.653) 39.615.951
Keuntungan pembelian
diskon/
Bargain purchase 48.982.969 – – – – – – 48.982.969
Beban pendanaan/
Finance costs (186.181.243) (50.742) (30.271.844) (38.634.115) (25.598.400) – 21.311.653 (259.424.691)
Pendapatan dividen/
Dividend income 28.083.000 – – – – – – 28.083.000
Kerugian transaksi derivatif/
Loss on derivative
transactions – – – – (36.859.660) – – (36.859.660)
Pendapatan lain-lain/
Other income 3.380.295 189.524 13.148.138 4.957.097 213.575.551 – (192.880.462) 42.370.143
Beban lain-lain/
Other expenses (35.681.539) – (3.924.772) (34.305.054) (160.869) – – (74.072.234)
2023 Annual Report PT Medco Energi Internasional Tbk 403
245
Page 406
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
44. INFORMASI SEGMEN (lanjutan) 44. SEGMENT INFORMATION (continued)
a. Segmen Usaha (lanjutan) a. Operating Segments (continued)
2022
Eksplorasi
dan produksi Holding
minyak dan dan
gas bumi/ operasional Operasi
Exploration terkait/ yang
for and Holding dihentikan/
production Jasa/ Listrik/ Perdagangan/ and related Discontinued Eliminasi/ Konsolidasi/
of oil and gas Service Power Trading operations operations Elimination Consolidation
Laba (rugi) sebelum manfaat
(beban) pajak
penghasilan dari
operasi yang
dilanjutkan/
Profit (loss) before income
tax benefit (expense)
from continuing
operations 952.551.292 (7.882.404) 7.796.195 (79.372.535) 348.380.040 – (175.363.261) 1.046.109.327
Beban pajak penghasilan/
Income tax expense (501.414.071) 776.724 (6.171.712) 18.616 (1.181.535) – – (507.971.978)
Kepentingan nonpengendali/
Non-controlling interests (5.194.431) – (15.333.232) – – – – (20.527.663)
Laba setelah beban pajak
penghasilan dari
operasi yang
dihentikan/
Profit after income tax
expense from
discontinued operations – – – – – (162.090.272) 175.363.261 13.272.989
LABA (RUGI) TAHUN
BERJALAN YANG
DIATRIBUSIKAN
KEPADA PEMILIK
ENTITAS INDUK/
PROFIT (LOSS) FOR THE
YEAR
ATTRIBUTABLE TO
OWNERS OF THE
PARENT COMPANY 445.942.790 (7.105.680) (13.708.749) (79.353.919) 347.198.505 (162.090.272) – 530.882.675
Aset segmen/
Segment assets 14.333.899.344 10.901.362 688.776.792 4.030.733.798 4.902.222.779 202.341.875 (18.647.830.804) 5.521.045.146
Investasi jangka panjang/
Long-term investments 273.535.662 – 147.411.189 – 989.913.829 – – 1.410.860.680
JUMLAH ASET/
TOTAL ASSETS 14.607.435.006 10.901.362 836.187.981 4.030.733.798 5.892.136.608 202.341.875 (18.647.830.804) 6.931.905.826
LIABILITAS
Liabilitas segmen/
LIABILITIES
Segment liabilities 12.358.708.975 32.823.226 568.561.740 5.828.061.794 4.838.492.745 205.568.825 (18.647.830.804) 5.184.386.501
Pembelian barang modal/
Capital expenditures 227.766.417 – 49.076.670 – 3.581.124 – – 280.424.211
Penyusutan, deplesi dan
amortisasi/
Depreciation, depletion and
amortization 555.482.026 3.106.406 6.860.346 69.858 1.764.182 – – 567.282.818
Transaksi non kas selain
depresiasi, deplesi dan
amortisasi/
Non-cash transactions other
than depreciation,
depletion and
amortization 31.091.581 232.841 250.728 – 1.924.985 – – 33.500.135
404 PT Medco Energi Internasional Tbk 2023 Annual Report
246
Page 407
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
44. INFORMASI SEGMEN (lanjutan) 44. SEGMENT INFORMATION (continued)
b. Segmen Geografis b. Geographic Segments
Pendapatan Revenues
2023 2022
Indonesia 1.317.282.819 1.405.808.831 Indonesia
Luar negeri Overseas
Asia 772.335.178 762.989.964 Asia
Afrika dan Timur Tengah 137.411.415 143.428.807 Africa and Middle East
Amerika Serikat dan Eropa 22.308.166 – United States of America and Europe
Jumlah 2.249.337.578 2.312.227.602 Total
Jumlah Aset Total Assets
2023 2022
Indonesia 11.255.245.092 10.784.250.690 Indonesia
Luar negeri Overseas
Asia 14.194.787.029 14.291.782.182 Asia
Afrika dan Timur Tengah 1.085.946.002 496.927.967 Africa and Middle East
Amerika Serikat dan Eropa 5.949.752 6.775.792 United States of America and Europe
Jumlah 26.541.927.875 25.579.736.631 Total
Eliminasi (19.073.611.606) (18.647.830.805) Elimination
Setelah eliminasi 7.468.316.269 6.931.905.826 After elimination
2023 Annual Report PT Medco Energi Internasional Tbk 405
247
Page 408
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
45. ASET DAN LIABILITAS MONETER DALAM 45. MONETARY ASSETS AND LIABILITIES
MATA UANG ASING DENOMINATED IN FOREIGN CURRENCIES
Grup memiliki aset dan liabilitas moneter dalam The Group has monetary assets and liabilities
mata uang asing dengan rincian sebagai berikut: denominated in foreign currencies as follows:
2023
Dalam mata uang aslinya (dalam Setara AS$
jutaan)/ (dalam satuan
In original currency (in millions) penuh)/
Rupiah/ US$ Equivalent
Lain-lain/Others
Rupiah (full amount)
Aset Assets
Kas dan setara kas 1.078.543 872 74.987.588 Cash and cash equivalents
Deposito dan rekening bank yang Restricted time deposits and cash in
dibatasi penggunaannya 36.349 – 2.357.849 banks
Piutang usaha 204.309 – 13.253.081 Trade receivables
Piutang lain-lain 1.875.541 49 124.985.103 Other receivables
Estimasi pengembalian pajak 53.549 – 3.473.596 Estimated claim for tax refund
Liabilitas Liabilities
Utang usaha (551.707) (116) (39.236.210) Trade payables
Utang pajak (281.367) (298) (26.990.299) Taxes payable
Accrued expenses and other
Biaya akrual dan provisi lain-lain (869.384) (130) (58.469.071) provision
Pinjaman jangka panjang lainnya (7.901.600) – (512.558.381) Other long-term debt
Pinjaman bank (8.529.477) – (553.287.302) Bank loans
Aset (Liabilitas) Neto (14.885.244) 377 (971.484.046) Net Assets (Liabilities)
2022
Dalam mata uang aslinya (dalam jutaan)/ Setara AS$
In original currency (in millions) (dalam satuan
penuh)/
Rupiah/ US$ Equivalent
Lain-lain/Others
Rupiah (full amount)
Aset Assets
Kas dan setara kas 2.463.186 172 161.473.382 Cash and cash equivalents
Deposito dan rekening bank yang Restricted time deposits and cash in
dibatasi penggunaannya 11.520 – 732.294 banks
Piutang usaha 215.701 – 13.711.852 Trade receivables
Piutang lain-lain 1.704.422 236 115.725.215 Other receivables
Estimasi pengembalian pajak 57.612 – 3.662.347 Estimated claim for tax refund
Liabilitas Liabilities
Utang usaha (568.877) (111) (39.388.876) Trade payables
Utang pajak (160.039) (794) (33.129.314) Taxes payable
Accrued expenses and other
Biaya akrual dan provisi lain-lain (741.554) (29.047) (59.443.022) provision
Pinjaman jangka panjang lainnya (8.650.300) – (549.888.756) Other long-term debt
Pinjaman bank (2.305.187) – (149.398.419) Bank loans
Liabilitas Neto (7.973.516) (29.544) (535.943.297) Net Liabilities
406 PT Medco Energi Internasional Tbk 2023 Annual Report
248
Page 409
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
46. INSTRUMEN KEUANGAN 46. FINANCIAL INSTRUMENTS
a. Nilai Wajar atas Instrumen Keuangan a. Fair Values of Financial Instruments
Tabel berikut menyajikan klasifikasi instrumen The following table presents the classification of
keuangan dan membandingkan nilai tercatat financial instruments and compare the carrying
dan estimasi nilai wajar dari instrumen amounts and estimated fair values of the
keuangan Grup yang dicatat di laporan posisi financial instruments of the Group that are
keuangan konsolidasian 31 Desember 2023 carried in the consolidated statements of
dan 2022: financial position as of December 31, 2023 and
2022:
2023 2022
Nilai Tercatat/ Nilai Tercatat/
Carrying Nilai Wajar/ Carrying Nilai Wajar/
Amounts Fair Value Amounts Fair Value
Aset Keuangan Financial Assets
Aset lancar Current assets
Concession financial
Aset keuangan konsesi 32.833.257 32.833.257 32.835.946 32.835.946 assets
Investasi jangka pendek 10.997.817 10.997.817 10.970.184 10.970.184 Short-term investments
Aset derivatif 2.393.239 2.393.239 2.393.892 2.393.892 Derivative assets
Aset tidak lancar Non-current assets
Concession financial
Aset keuangan konsesi 461.038.028 484.004.001 299.352.073 341.893.900 assets
Investasi jangka panjang 278.478.774 278.478.774 184.803.013 184.803.013 Long-term investment
Aset derivatif 25.672.882 25.672.882 23.643.244 23.643.244 Derivative assets
Jumlah Aset Keuangan 811.413.997 834.379.970 553.998.352 596.540.179 Total Financial Assets
Liabilitas Keuangan Financial Liabilities
Liabilitas jangka pendek Current liabilities
Pinjaman bank jangka
pendek 147.595.813 147.595.813 35.000.000 35.000.000 Short-term bank loan
Pinjaman jangka panjang
yang jatuh tempo dalam Current maturities of long-
satu tahun: term debt:
Pinjaman bank 156.613.607 156.613.607 286.993.328 286.993.328 Bank loans
Pinjaman dari instansi Loan from a non-bank
keuangan non-bank 3.438.090 3.438.090 3.369.245 3.369.245 financial institution
Obligasi Rupiah 87.853.017 87.853.017 110.623.276 110.623.276 Rupiah bonds
Liabilitas derivatif 8.989.394 8.989.394 16.981.738 16.981.738 Derivative liabilities
Liabilitas jangka
panjang Non-current liabilities
Pinjaman jangka panjang: Long-term debts:
Pinjaman bank 691.356.819 644.061.761 562.023.805 541.805.769 Bank loans
Pinjaman dari instansi Loan from a non-bank
keuangan non-bank 21.212.390 16.555.497 16.455.848 16.608.835 financial institution
Obligasi Rupiah 422.274.407 428.770.182 436.751.561 452.263.608 Rupiah bonds
Obligasi Dolar AS 1.765.072.297 1.786.904.643 1.699.945.971 1.617.317.204 US Dollar bonds
Liabilitas derivatif 10.278.206 10.278.206 9.822.831 9.822.831 Derivative liabilities
Jumlah Liabilitas Total Financial
Keuangan 3.314.684.040 3.291.060.210 3.177.967.603 3.090.785.834 Liabilities
2023 Annual Report PT Medco Energi Internasional Tbk 407
249
Page 410
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
46. INSTRUMEN KEUANGAN (lanjutan) 46. FINANCIAL INSTRUMENTS (continued)
a. Nilai Wajar atas Instrumen Keuangan a. Fair Values of Financial Instruments
(lanjutan) (continued)
Metode dan asumsi berikut ini digunakan untuk The following methods and assumptions were
mengestimasi nilai wajar untuk kelompok used to estimate the fair value of each class of
instrumen keuangan yang praktis untuk financial instruments for which it is practicable to
memperkirakan nilai tersebut: estimate such value:
i. Instrumen keuangan dicatat pada nilai i. Financial instruments carried at fair value
wajar
Investasi jangka pendek diukur pada Short-term investments are measured at
harga kuotasian yang dipublikasikan pada published quoted market prices in an
pasar aktif. active market.
Instrumen derivatif diukur pada nilai Fair values of derivative instruments are
wajarnya berdasarkan teknik penilaian estimated using appropriate valuation
yang wajar dengan nilai input pasar yang techniques with market observable inputs.
dapat diobservasi.
Pada tanggal 31 Desember 2023 dan As of December 31, 2023 and 2022, the
2022, nilai wajar investasi jangka panjang fair value of the equity investment in
di DSLNG ditentukan menggunakan arus DSLNG is determined using a discounted
kas yang didiskontokan dan metode cash flow model and Guideline Publicly
Guideline Publicly Traded Companies Traded Companies (GPTC) method. The
(GPTC). Penilaian tersebut mengharuskan valuation requires management to make
manajemen untuk membuat asumsi certain assumptions about the model
tertentu tentang input model, termasuk inputs, including forecast cash flows, the
perkiraan arus kas, tingkat diskonto, risiko discount rate, credit risk and volatility. The
kredit dan volatilitas. Probabilitas dari probabilities of the various estimates within
berbagai estimasi dalam kisaran tersebut the range can be reasonably assessed
dapat dinilai secara wajar dan digunakan and are used in management’s estimate of
dalam estimasi manajemen atas nilai fair value for these non-listed equity
wajar untuk investasi ekuitas yang tidak investments.
terdaftar ini.
Pada tanggal 31 Desember 2023 dan As of December 31, 2023 and 2022, the
2022, nilai wajar investasi jangka panjang fair value of the equity investment in
di SMCN ditentukan menggunakan SMCN is determined using market
pendekatan pasar dengan menggunakan approach using Guideline Publicly Traded
metode Guideline Publicly Traded Companies (GPTC) method. Under the
Companies (GPTC). Berdasarkan metode market approach GPTC method, the fair
pendekatan pasar GPTC, nilai wajar value is derived from trading price
diperoleh dari harga perdagangan multiples of selected set of comparable
sejumlah perusahaan publik yang public companies (i.e. guideline
sebanding (yaitu perusahaan pemandu) companies) to the valuation object at the
dengan objek penilaian pada tanggal valuation date.
penilaian.
ii. Pinjaman dan utang ii. Loans and borrowings
Nilai wajar dari pinjaman jangka panjang The fair values of long-term debts (bank
(pinjaman bank, pinjaman dari instansi loans, loan from a non-bank institution,
keuangan non-bank, dan wesel jangka and medium-term notes), are determined
menengah) dihitung berdasarkan arus kas based on discounted cash flows method.
yang didiskontokan.
Nilai wajar dari pinjaman jangka panjang The fair values of long-term debts (Rupiah
(obligasi Rupiah dan obligasi Dolar AS) bonds and US Dollar bonds), are
dihitung berdasarkan harga kuotasian determined based on published quoted
yang dipublikasikan pada pasar aktif. market prices in an active market.
408 PT Medco Energi Internasional Tbk 2023 Annual Report
250
Page 411
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
46. INSTRUMEN KEUANGAN (lanjutan) 46. FINANCIAL INSTRUMENTS (continued)
a. Nilai Wajar atas Instrumen Keuangan a. Fair Values of Financial Instruments
(lanjutan) (continued)
Metode dan asumsi berikut ini digunakan untuk The following methods and assumptions were
mengestimasi nilai wajar untuk kelompok used to estimate the fair value of each class of
instrumen keuangan yang praktis untuk financial instruments for which it is practicable to
memperkirakan nilai tersebut: (lanjutan) estimate such value: (continued)
ii. Pinjaman dan utang (lanjutan) ii. Loans and borrowings (continued)
Liabilitas sewa diestimasi menggunakan Lease liabilities are estimated using a
model diskonto arus kas. discounted cash flow model.
Pada tanggal 31 Desember 2023 dan 2022, As of December 31, 2023 and 2022, the
nilai tercatat instrumen keuangan berikut ini carrying amount of the following financial
mendekati nilai wajarnya: instruments is a reasonable approximation of its
fair value:
i. Instrumen keuangan yang jatuh tempo i. Financial instruments with short-term
dalam jangka pendek maturities
Nilai wajar kas dan setara kas, deposito Fair values of cash and cash equivalents,
dan rekening bank yang dibatasi restricted time deposits and cash in banks,
penggunaannya, piutang usaha dan lain- trade and other receivables (excluding
lain (kecuali PPN yang dapat ditagihkan), reimbursable VAT), short-term bank loans,
pinjaman bank jangka pendek, utang trade and other payables, and accrued
usaha dan utang lain-lain, dan biaya expenses approximate their carrying
akrual mendekati nilai tercatatnya karena amounts due to the short-term maturities
jatuh temponya dalam jangka pendek dan and nature of the financial instruments.
sifat instrumen keuangan tersebut.
ii. Instrumen keuangan lainnya ii. Other financial instrument
Nilai wajar dari bagian tidak lancar setoran The fair values of non-current security
jaminan (termasuk pada Aset Lain-lain) deposits (included in Other Assets), are
adalah sama dengan nilai tercatat karena the same as their carrying amounts
nilai wajarnya tidak dapat diukur secara because their fair values cannot be
andal, tanpa menimbulkan biaya yang measured reliably, without incurring
berlebihan. Tidak praktis untuk excessive costs. It is not practical to
memperkirakan nilai wajar dari instrumen estimate the fair value of these instruments
ini dikarenakan instrumen ini tidak memiliki because there are no fixed repayment
jangka waktu pembayaran yang tetap, terms, although these are not expected to
meskipun tidak diharapkan dapat be settled within twelve (12) months after
diselesaikan dalam waktu dua belas (12) financial reporting date.
bulan setelah tanggal pelaporan.
Aset keuangan yang nilai wajarnya Financial assets for which fair values are
diungkapkan: disclosed:
Aset keuangan konsesi diestimasi Concession financial assets are estimated using
menggunakan model diskonto arus kas. a discounted cash flow model. The valuation
Penilaian tersebut mengharuskan manajemen requires management to make certain
untuk membuat asumsi tertentu tentang input assumptions about the model inputs, including
model, termasuk perkiraan arus kas, tingkat forecast cash flows, the discount rate, credit risk
diskonto, risiko kredit dan volatilitas. and volatility. The probabilities of the various
Probabilitas dari berbagai estimasi dalam estimates within the range can be reasonably
kisaran tersebut dapat dinilai secara wajar dan assessed and are used in management’s
digunakan dalam estimasi manajemen atas nilai estimate of fair value.
wajar.
2023 Annual Report PT Medco Energi Internasional Tbk 409
251
Page 412
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
46. INSTRUMEN KEUANGAN (lanjutan) 46. FINANCIAL INSTRUMENTS (continued)
a. Nilai Wajar atas Instrumen Keuangan a. Fair Values of Financial Instruments
(lanjutan) (continued)
Hierarki nilai wajar pada tanggal The hierarchy of fair value as of
31 Desember 2023 dan 2022 adalah sebagai December 31, 2023 and 2022 are as follows:
berikut:
2023
Harga pasar yang Input yang
dikuotasikan signifikan dan Input yang
untuk aset dapat diobservasi signifikan
dan liabilitas secara langsung tetapi tidak
yang sama maupun tidak dapat
(Level 1)/ langsung diobservasi
Market value (Level 2)/ (Level 3)/
quotation for Significant Significant
similar input and input
assets and observable directly but
Jumlah/ liabilities or indirectly unobservable
Total (Level 1) (Level 2) (Level 3)
Aset diukur pada nilai Assets measured at fair
wajar value
Aset Keuangan Financial Assets
Investasi jangka pendek 10.997.817 10.997.817 – – Short-term investments
Investasi jangka panjang 278.478.774 – – 278.478.774 Long-term investment
Derivatif pada lindung Derivatives in effective
nilai efektif hedge .
Aset derivatif 28.066.121 – 28.066.121 – Derivative assets
Liabilitas diukur pada Liabilities measured at
nilai wajar fair value
Liabilitas keuangan Financial Liabilities
Derivatif pada lindung Derivatives in effective
nilai efektif hedge
Liabilitas derivatif 19.267.600 – 19.267.600 – Derivative liabilities
Aset yang nilai wajarnya Assets for which fair
diungkapkan value is disclosed
Aset keuangan Financial Assets
Concession financial
Aset keuangan konsesi 516.837.258 – – 516.837.258 assets
Liabilitas yang nilai Liabilities for which fair
wajarnya diungkapkan value is disclosed
Liabilitas keuangan Financial Liabilities
Pinjaman bank jangka
pendek 147.595.813 147.595.813 – – Short-term bank loan
Pinjaman jangka panjang
yang jatuh tempo dalam Current maturities of long-
satu tahun: term debt:
Pinjaman bank 156.613.607 – 156.613.607 – Bank loans
Pinjaman dari instansi Loans from non-bank
keuangan non-bank 3.438.090 – 3.438.090 – financial institution
Obligasi Rupiah 87.853.017 87.853.017 – – Rupiah bonds
Pinjaman jangka panjang: Long-term debts:
Pinjaman bank 644.061.761 – 644.061.761 – Bank loans
Pinjaman dari instansi Loans from non-bank
keuangan non-bank 16.555.497 – 16.555.497 – financial institution
Obligasi Rupiah 428.770.182 428.770.182 – – Rupiah bonds
Obligasi Dolar AS 1.786.904.643 1.786.904.643 – – US Dollar bonds
410 PT Medco Energi Internasional Tbk 2023 Annual Report
252
Page 413
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
46. INSTRUMEN KEUANGAN (lanjutan) 46. FINANCIAL INSTRUMENTS (continued)
a. Nilai Wajar atas Instrumen Keuangan a. Fair Values of Financial Instruments
(lanjutan) (continued)
Hierarki nilai wajar pada tanggal The hierarchy of fair value as of
31 Desember 2023 dan 2022 adalah sebagai December 31, 2023 and 2022 are as follows:
berikut: (lanjutan) (continued)
2022
Harga pasar yang Input yang
dikuotasikan signifikan dan Input yang
untuk aset dapat diobservasi signifikan
dan liabilitas secara langsung tetapi tidak
yang sama maupun tidak dapat
(Level 1)/ langsung diobservasi
Market value (Level 2)/ (Level 3)/
quotation for Significant Significant
similar input and input
assets and observable directly but
Jumlah/ liabilities or indirectly unobservable
Total (Level 1) (Level 2) (Level 3)
Aset diukur pada nilai Assets measured at fair
wajar value
Aset Keuangan Financial Assets
Investasi jangka pendek 10.970.184 10.970.184 – – Short-term investments
Investasi jangka panjang 184.803.013 – – 184.803.013 Long-term investment
Derivatif pada lindung Derivatives in effective
nilai efektif hedge .
Aset derivatif 26.037.136 – 26.037.136 – Derivative assets
Liabilitas diukur pada Liabilities measured at
nilai wajar fair value
Liabilitas keuangan Financial Liabilities
Derivatif pada lindung Derivatives in effective
nilai efektif hedge
Liabilitas derivatif 26.804.569 – 26.804.569 – Derivative liabilities
Aset yang nilai wajarnya Assets for which fair
diungkapkan value is disclosed
Aset keuangan Financial Assets
Concession financial
Aset keuangan konsesi 374.729.846 – – 374.729.846 assets
Liabilitas yang nilai Liabilities for which fair
wajarnya diungkapkan value is disclosed
Liabilitas keuangan Financial Liabilities
Pinjaman bank jangka
pendek 35.000.000 35.000.000 – – Short-term bank loan
Pinjaman jangka panjang
yang jatuh tempo dalam Current maturities of long-
satu tahun: term debt:
Pinjaman bank 286.993.328 – 286.993.328 – Bank loans
Pinjaman dari instansi Loans from non-bank
keuangan non-bank 3.369.245 – 3.369.245 – financial institution
Obligasi Rupiah 110.623.276 110.623.276 – – Rupiah bonds
Pinjaman jangka panjang: Long-term debts:
Pinjaman bank 541.805.769 – 541.805.769 – Bank loans
Pinjaman dari instansi Loans from non-bank
keuangan non-bank 16.608.835 – 16.608.835 – financial institution
Obligasi Rupiah 452.263.608 452.263.608 – – Rupiah bonds
Obligasi Dolar AS 1.617.317.204 1.617.317.204 – – US Dollar bonds
2023 Annual Report PT Medco Energi Internasional Tbk 411
253
Page 414
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
46. INSTRUMEN KEUANGAN (lanjutan) 46. FINANCIAL INSTRUMENTS (continued)
b. Tujuan dan Kebijakan Manajemen Risiko b. Risk Management Objectives and Policies
Liabilitas keuangan pokok Grup meliputi The principal financial liabilities of the Group
pinjaman jangka pendek dan jangka panjang, consist of short-term and long-term debts, trade
utang usaha dan lain-lain dan biaya akrual. and other payables and accrued expenses. The
Tujuan utama dari liabilitas keuangan ini adalah main purpose of these financial liabilities is to
untuk mengumpulkan dana untuk operasi Grup. raise funds for the operations of the Group. The
Grup mempunyai berbagai aset keuangan Group has various financial assets such as
seperti piutang usaha dan kas dan setara kas, trade receivables and cash and cash
yang dihasilkan langsung dari kegiatan equivalents, which arise directly from its
usahanya. operations.
Risiko utama yang timbul dari instrumen The main risks arising from the Group’s financial
keuangan Grup adalah risiko suku bunga, risiko instruments are interest rate risk, foreign
fluktuasi nilai tukar mata uang asing, risiko exchange rate risk, credit risk, liquidity risk and
kredit, risiko likuiditas dan risiko volatilitas price volatility risk. The importance of managing
harga. Pentingnya untuk mengelola risiko ini these risks has significantly increased in light of
telah meningkat secara signifikan dengan the considerable change and volatility in both
mempertimbangkan perubahan dan volatilitas Indonesian and international financial markets.
pasar keuangan baik di Indonesia maupun The Company’s Directors review and approve
internasional. Direksi Perusahaan menelaah the policies for managing these risks which are
dan menyetujui kebijakan untuk mengelola summarized below:
risiko-risiko yang dirangkum di bawah ini:
i. Risiko suku bunga i. Interest rate risk
Kebijakan Grup terkait dengan risiko suku The Group’s policy relating to interest rate
bunga adalah dengan mengelola biaya risk is to manage interest cost through a
bunga melalui kombinasi pinjaman dengan mix of fixed and variable rate debts. The
suku bunga tetap dan variabel. Grup Group evaluates the comparability of the
mengevaluasi perbandingan suku bunga fixed rate to floating rate of its short-term
tetap terhadap suku bunga mengambang bank loans and long-term debts in line with
dari pinjaman bank jangka pendek dan movements of relevant interest rates in the
pinjaman jangka panjang sejalan dengan financial markets. Based on
perubahan suku bunga yang relevan di management’s assessment, the new
pasar keuangan. Berdasarkan evaluasi financing will be priced either on a fixed
manajemen, pembiayaan baru akan rate or floating rate basis.
ditentukan harganya pada suku bunga
tetap atau mengambang.
Grup memiliki risiko tingkat suku bunga The Group’s exposure to the risk of
pasar yang terutama berasal dari changes in market interest rates relates
pergerakan suku bunga piutang pasar dan primarily to movement of receivable
liabilitas jangka panjang dengan tingkat market interest and long-term obligations
suku bunga mengambang. Untuk with floating interest rates. In order to
mengelola risiko suku bunga, Grup manage interest rate risk, the Group
melakukan transaksi Swap Suku Bunga. entered into Interest Rate Swaps.
412 PT Medco Energi Internasional Tbk 2023 Annual Report
254
Page 415
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
46. INSTRUMEN KEUANGAN (lanjutan) 46. FINANCIAL INSTRUMENTS (continued)
b. Tujuan dan Kebijakan Manajemen Risiko b. Risk Management Objectives and Policies
(lanjutan) (continued)
i. Risiko suku bunga (lanjutan) i. Interest rate risk (continued)
Tabel di bawah ini menyajikan nilai The following table sets out the carrying
tercatat, berdasarkan periode jatuh tempo amounts, by maturity, of the Group’s
dari instrumen keuangan Grup yang financial instruments that are exposed to
terkena dampak risiko suku bunga: interest rate risk:
2023
Lebih dari
Dalam jangka 5 tahun/
waktu 1 tahun/ 1-2 tahun/ 2-5 tahun/ More than 5 Jumlah/
Keterangan Within 1 year 1-2 years 2-5 years years Total Description
Aset derivatif 2.393.239 113.514 4.513.432 21.045.936 28.066.121 Derivative assets
Pinjaman bank jangka
panjang 17.315.077 17.665.387 149.751.157 1.419.355 186.150.976 Long-term bank loans
Liabilitas derivatif 8.989.394 3.033.029 4.427.005 2.818.172 19.267.600 Derivative liabilities
2022
Lebih dari
Dalam jangka 5 tahun/
waktu 1 tahun/ 1-2 tahun/ 2-5 tahun/ More than 5 Jumlah/
Keterangan Within 1 year 1-2 years 2-5 years years Total Description
Piutang lain-lain - pihak Other receivables - third
ketiga 6.827.112 – – – 6.827.112 party
Aset derivatif 2.393.892 1.816.801 405.341 21.421.102 26.037.136 Derivative assets
Pinjaman bank jangka
panjang 88.133.141 95.309.114 123.752.327 197.834.696 505.029.278 Long-term bank loans
Liabilitas derivatif 16.981.738 6.837.397 2.765.891 219.543 26.804.569 Derivative liabilities
Bunga atas instrumen keuangan yang Interest on financial instruments classified
diklasifikasikan sebagai tingkat suku as floating rate is re-priced at intervals of
bunga mengambang direvisi dalam jangka less than one year. Interest on financial
waktu kurang dari satu tahun. Sedangkan instruments classified as fixed rate is fixed
untuk yang termasuk dalam klasifikasi until the maturity of the financial
sebagai tingkat suku bunga tetap adalah instrument. The other financial instruments
tetap sampai dengan jatuh tempo of the Group that are not included in the
instrumen keuangan tersebut. Instrumen table above are either non-interest bearing
keuangan Grup lainnya yang tidak or have fixed interest rates and are
termasuk dalam tabel di atas adalah therefore not subject to interest rate risk.
instrumen keuangan yang tidak dikenakan As of December 31, 2023, bank loan
bunga atau dengan suku bunga tetap dan classified as fixed rate constitute 67.5% of
oleh karena itu tidak terkena dampak the total bank loans.
risiko perubahan suku bunga. Pada
tanggal 31 Desember 2023, pinjaman
bank dengan bunga tetap mencakup
67,5% dari jumlah keseluruhan pinjaman
bank.
Grup melakukan transaksi swap atas The Group entered into interest rate swaps
tingkat suku bunga sebagai instrumen hedging instruments to manage its interest
lindung nilai untuk mengelola risiko atas rate risk.
tingkat bunga.
2023 Annual Report PT Medco Energi Internasional Tbk 413
255
Page 416
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
46. INSTRUMEN KEUANGAN (lanjutan) 46. FINANCIAL INSTRUMENTS (continued)
b. Tujuan dan Kebijakan Manajemen Risiko b. Risk Management Objectives and Policies
(lanjutan) (continued)
i. Risiko suku bunga (lanjutan) i. Interest rate risk (continued)
Pada tanggal 31 Desember 2023, jika As of December 31, 2023, if the borrowing
tingkat suku bunga pinjaman meningkat/ rate increases/decreases by 0.5% with all
menurun sebesar 0,5% dengan semua other variables held constant, the
variabel lain konstan, laba konsolidasian consolidated profit before income tax
sebelum beban pajak penghasilan dari expense from continuing operations will be
operasi yang dilanjutkan akan lebih lower or higher by US$4.24 million, as a
rendah atau tinggi sebesar AS$4,24 juta result of higher or lower interest expense
sebagai akibat dari lebih tinggi atau on borrowings.
rendah beban bunga dari pinjaman.
Pada tanggal 31 Desember 2022, jika As of December 31, 2022, if the borrowing
tingkat suku bunga pinjaman meningkat/ rate increases/decreases by 0.5% with all
menurun sebesar 0,5% dengan semua other variables held constant, the
variabel lain konstan, rugi konsolidasian consolidated loss before income tax
sebelum beban pajak penghasilan dari expense from continuing operations will be
operasi yang dilanjutkan akan lebih tinggi higher or lower by US$4.4 million, as a
atau rendah sebesar AS$4,4 juta sebagai result of higher or lower interest expense
akibat dari lebih tinggi atau rendah beban on borrowings.
bunga dari pinjaman.
Grup terekspos pada LIBOR USD (‘IBOR’) The Group is exposed to the USD LIBOR
yang terdampak pada reformasi acuan (‘IBOR’) which are subject to interest rate
suku bunga. Eksposur timbul atas aset benchmark reform. The exposures arise
dan liabilitas keuangan derivatif dan non- on derivatives and non-derivative financial
derivatif (misalnya utang). assets and liabilities (e.g. debt).
Seperti tercantum dalam Catatan 27, Grup As listed in Note 27, the Group has cash
memiliki hubungan lindung nilai arus kas flow hedge relationships affected by the
yang dipengaruhi oleh reformasi acuan interest rate benchmark reform. Hedged
suku bunga. Item lindung nilaian dalam items in these hedges include issued USD
lindung nilai ini termasuk utang suku LIBOR floating rate debt. Hedging
bunga mengambang LIBOR USD yang instruments include IBOR based interest
diterbitkan. Instrumen lindung nilai rate swaps and a LIBOR-linked cross
termasuk swap atas tingkat suku bunga currency swap. The Group also has bank
berbasis IBOR dan swap atas mata uang borrowings which are not designated in
asing terkait LIBOR. Grup juga memiliki hedging relationships.
pinjaman bank yang tidak ditetapkan
dalam hubungan lindung nilai.
Sejak Oktober 2020, Grup telah Since October 2020, the Group has closely
memantau pasar dan berbagai macam monitored the market and various working
perusahaan mengenai perkembangan companies regarding development of
penghentian LIBOR dan dampaknya LIBOR cessation and its impact to the
terhadap industri terkait. Hal ini termasuk related industry. This includes
pengumuman yang dibuat oleh regulator announcements made by LIBOR
LIBOR (termasuk UK Financial Conduct regulators (including the UK Financial
Authority (FCA), New York Fed dan US Conduct Authority (FCA), New York Fed,
Commodity Futures Trading Commission) and the US Commodity Futures Trading
serta International Benchmark Commission) as well as International
Administration (IBA) sebagai administrator Benchmark Administration (IBA) as LIBOR
LIBOR. administrator.
414 PT Medco Energi Internasional Tbk 2023 Annual Report
256
Page 417
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
46. INSTRUMEN KEUANGAN (lanjutan) 46. FINANCIAL INSTRUMENTS (continued)
b. Tujuan dan Kebijakan Manajemen Risiko b. Risk Management Objectives and Policies
(lanjutan) (continued)
i. Risiko suku bunga (lanjutan) i. Interest rate risk (continued)
Menanggapi pengumuman tersebut, Grup In response to the announcements, the
telah membentuk Program Transisi LIBOR Group has conducted LIBOR Transition
untuk mengidentifikasi kontrak di seluruh Program to identify contracts across the
perusahaan yang mengacu pada LIBOR companies referring to LIBOR and develop
dan mengembangkan rencana kerja dan work plans and corresponding timelines to
jadwal yang sesuai untuk mempersiapkan prepare for the transition. The Program
transisi. Program ini terdiri dari sebagian comprised of most of the functions within
besar fungsi yang ada di dalam Grup: the Group: corporate finance and treasury,
corporate finance dan treasuri, keuangan finance and reporting, finance functional
dan pelaporan, finance functional excellence, accounting, tax, legal,
excellence, akuntansi, pajak, hukum, planning, commercial, supply chain, and
perencanaan, komersial, supply chain, risk management with one project
dan manajemen risiko dengan satu coordinator. The Steering Committee leads
koordinator proyek. Komite Pengarah the LIBOR Transition Program and
memimpin Program Transisi LIBOR dan consists of two Directors and a Vice
terdiri dari dua orang Direktur dan seorang President.
Vice President.
Risiko yang timbul dari reformasi acuan Risks arising from the interest rate
suku bunga benchmark reform
Risiko utama Grup yang timbul dari The key risks for the Group arising from
transisi adalah: the transition are:
• Risiko basis suku bunga: • Interest rate basis risk:
Terdapat dua elemen terkait risiko ini There are two elements to this risk as
seperti yang diuraikan di bawah ini: outlined below:
– Jika negosiasi bilateral dengan – If bilateral negotiations within the
pihak lain Grup tidak berhasil Group’s counterparties are not
diselesaikan sebelum successfully concluded before the
penghentian USD LIBOR, cessation of USD LIBOR, there
terdapat ketidakpastian moderat are moderate uncertainties with
terkait dengan tingkat suku bunga regard to the interest rate that
yang akan berlaku. Hal ini would apply. This gives rise to
menimbulkan risiko suku bunga additional interest rate risk that
tambahan yang tidak diantisipasi was not anticipated when the
saat kontrak ditandatangani. contracts were signed into. The
Grup sedang bekerja sama Group is working closely with all
dengan semua pihak lain untuk counterparties to avoid this from
menghindari terjadinya hal occurring.
tersebut.
– Risiko basis suku bunga dapat – Interest rate basis risk may arise
timbul jika instrumen non-derivatif if a non-derivative instrument and
dan instrumen derivatif yang the derivative instrument held to
dimiliki untuk mengelola risiko manage the interest risk on the
suku bunga pada instrumen non- non-derivative instrument,
derivatif, transisi ke suku bunga transition to alternative
acuan alternatif pada waktu yang benchmark rates at different
berbeda. times.
2023 Annual Report PT Medco Energi Internasional Tbk 415
257
Page 418
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
46. INSTRUMEN KEUANGAN (lanjutan) 46. FINANCIAL INSTRUMENTS (continued)
b. Tujuan dan Kebijakan Manajemen Risiko b. Risk Management Objectives and Policies
(lanjutan) (continued)
i. Risiko suku bunga (lanjutan) i. Interest rate risk (continued)
Risiko yang timbul dari reformasi acuan Risks arising from the interest rate
suku bunga (lanjutan) benchmark reform (continued)
• Akuntansi • Accounting
Pada Juni 2020, Dewan Standar In June 2020, Financial Accounting
Akuntansi Keuangan Institut Akuntan Standards Board of the Indonesian
Indonesia menerbitkan Amandemen Institute of Accountants issued
PSAK 71 Instrumen Keuangan (sejak Amendment of PSAK 71 Financial
tanggal 1 Januari 2024 dirujuk Instruments (since January 1, 2024
sebagai PSAK 109), Amandemen reffered to as PSAK 109),
PSAK 55 Instrumen Keuangan: Amendment of PSAK 55 Financial
Pengakuan dan Pengukuran (sejak Instruments: Recognition and
tanggal 1 Januari 2024 dirujuk Measurements (since January 1,
sebagai PSAK 239), dan 2024 reffered to as PSAK 239), and
Amandemen PSAK 60 Instrumen Amendment of PSAK 60 Financial
Keuangan: Pengungkapan Instruments: Disclosures on IBOR
Reformasi IBOR (sejak tanggal 1 Reform (since January 1, 2024
Januari 2024 dirujuk sebagai PSAK reffered to as PSAK 107). Such
107). Perubahan tersebut akan change will affect future cash flows in
mempengaruhi arus kas masa depan both contractual floating rate financial
di kedua instrumen keuangan suku instruments currently referenced to
bunga mengambang kontraktual IBOR, and highly probable forecast
yang saat ini mengacu pada IBOR, transactions for which IBOR is
dan perkiraan transaksi yang sangat designated as the hedged risk. If
mungkin terjadi di mana IBOR transition to alternative benchmark
ditetapkan sebagai risiko lindung rates for certain contracts is finalized
nilai. Jika transisi ke suku bunga in a manner that does not permit the
acuan alternatif untuk kontrak application of the reliefs introduced in
tertentu difinalisasi dengan cara yang the Phase 2 amendments, this could
tidak termasuk dalam keringanan lead to discontinuation of hedge
pada amandemen Fase 2, hal ini accounting relationships, increased
dapat mengakibatkan pengakhiran volatility in profit or loss if re-
hubungan akuntansi lindung nilai, designated hedges are not fully
peningkatan volatilitas pada laba rugi effective and volatility in the profit or
jika lindung nilai yang ditetapkan loss if non-derivative financial
ulang tidak efektif, dan volatilitas instruments are modified or
pada laba rugi jika instrumen derecognized. The Group is aiming to
keuangan non-derivatif dimodifikasi agree changes to contracts that
atau dihentikan pengakuannya. Grup would allow PSAK 71 (since January
menargetkan untuk menyetujui 1, 2024 referred to as PSAK 109)
perubahan kontrak yang memenuhi reliefs to apply.
kriteria keringanan PSAK 71 (sejak
tanggal 1 Januari 2024 dirujuk
sebagai PSAK 109).
416 PT Medco Energi Internasional Tbk 2023 Annual Report
258
Page 419
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
46. INSTRUMEN KEUANGAN (lanjutan) 46. FINANCIAL INSTRUMENTS (continued)
b. Tujuan dan Kebijakan Manajemen Risiko b. Risk Management Objectives and Policies
(lanjutan) (continued)
i. Risiko suku bunga (lanjutan) i. Interest rate risk (continued)
Risiko yang timbul dari reformasi acuan Risks arising from the interest rate
suku bunga (lanjutan) benchmark reform (continued)
• Risiko komersial: • Commercial risk:
Fallback language yang tidak ada Missing fallback language in Gas
dalam perjanjian Gas Sales Sales Agreements (“GSA”) and
Agreements (“GSA”) dan Crude Oil Crude Oil Sales and Purchase
Sales and Purchase Agreement Agreement (“COSPA”) where USD
(“COSPA”) di mana USD LIBOR LIBOR is used as a reference for late
digunakan sebagai acuan untuk payment interest might lure the buyer
bunga keterlambatan pembayaran to not pay on-time as LIBOR ceased
dapat menarik pembeli untuk tidak to exists. Additionally, amendments
membayar tepat waktu karena to GSA and COSPA require
LIBOR akan dihilangkan. Selain itu, regulator’s approval (i.e. SKK Migas)
amandemen GSA dan COSPA and may take some time. The Group
memerlukan persetujuan regulator is currently waiting for direction from
(yaitu SKK Migas) dan mungkin SKK Migas on the replacement rate.
memerlukan waktu lebih. Grup saat
ini sedang menunggu arahan dari
SKK Migas mengenai tarif
penggantian tersebut.
Kemajuan menuju penerapan suku bunga Progress towards implementation of
acuan alternatif alternative benchmark interest rates
Grup telah mengidentifikasi kontrak dan/ The Group has identified contracts and/or
atau perjanjian mengenai USD LIBOR: agreements referring to USD LIBOR:
– kontrak yang perlu diubah sebelum – contracts that need to be amended
tanggal penghentian pada tanggal before cessation date on June 30,
30 Juni 2023. 2023.
– kontrak yang tidak dapat diubah – contracts not subject to amendment
karena sudah memiliki fallback as they already have sufficient
language yang memadai, atau fallback language, or the expiry date
tanggal kedaluwarsa sebelum is before June 30, 2023.
30 Juni 2023.
– kontrak yang memerlukan – contracts that need regulator’s
persetujuan regulator, yaitu SKK approval, i.e. SKK Migas to amend
Migas untuk mengubah kontrak dan contracts and replace benchmark
mengganti suku bunga acuan. rate.
– kontrak yang merupakan perjanjian – contract that are bilateral
bilateral, yang masih menunggu agreements, which still await the
posisi bank dan kantor pajak atas banks and tax office’s positions on
penghentian LIBOR. LIBOR cessation.
Grup saat ini sedang mengevaluasi The Group is currently evaluating the
transisi dari kontrak-kontrak tersebut. transition of these contracts. In making the
Dalam membuat penilaian, Grup assessment, the Group considers the
mempertimbangkan tingkat arus kas extent of contractual cashflows, with
kontraktual, dengan mempertimbangkan consideration of both quantitative and
faktor kuantitatif dan kualitatif seperti yang qualitative factors as further discussed
dibahas lebih lanjut di bawah ini. below.
2023 Annual Report PT Medco Energi Internasional Tbk 417
259
Page 420
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
46. INSTRUMEN KEUANGAN (lanjutan) 46. FINANCIAL INSTRUMENTS (continued)
b. Tujuan dan Kebijakan Manajemen Risiko b. Risk Management Objectives and Policies
(lanjutan) (continued)
i. Risiko suku bunga (lanjutan) i. Interest rate risk (continued)
Kemajuan menuju penerapan suku bunga Progress towards implementation of
acuan alternatif (lanjutan) alternative benchmark interest rates
(continued)
Adapun timeline progres reformasi acuan As for the progress timeline regarding the
suku bunga dirincikan sebagai berikut: interest rate benchmark reform detailed
below:
• Oktober 2020: Menerbitkan Program • October 2020: Launched LIBOR
Transisi LIBOR. Transition Program.
• Oktober 2020 - Januari 2021: • October 2020 - January 2021:
Mengidentifikasi kontrak yang sudah Identified existing contracts referring
berjalan terkait LIBOR dan rencana to LIBOR and composed work plans.
kerja yang sudah disusun. Conducted weekly meetings with the
Membentuk rapat mingguan dengan whole work streams to report on the
seluruh alur kerja terkait untuk progress.
melaporkan progres.
• Januari 2021 - sedang berjalan • January 2021 - Ongoing up until
sampai Maret 2023: Menghubungi March 2023: Reach out to respective
masing-masing pihak representatif parties regarding contracts
terkait amandemen kontrak dan amendments and negotiate on the
bernegoisasi mengenai fallback fallback language and replacement
language dan tarif penggantian. rates.
• 31 Desember 2021: Tidak ada • December 31, 2021: No new
pembiayaan dan kontrak derivatif financing and derivative contracts
baru terkait LIBOR. referring to LIBOR.
• Sebelum Maret 2023: Bernegosiasi • Before March 2023: Negotiate with
dengan masing-masing pihak respective parties on the replacement
mengenai tarif penggantian, rate, finalize and sign contract
menyelesaikan dan menandatangani amendments, update Group's internal
amandemen kontrak, memperbarui system with new benchmark.
sistem internal Grup dengan suku
bunga acuan baru.
• Setelah 30 Juni 2023: Melakukan • Post June 30, 2023: Perform
analisis acuan untuk menetapkan benchmark analysis to establish new
suku bunga baru untuk pinjaman interest rate for intercompany loans.
antar perusahaan.
418 PT Medco Energi Internasional Tbk 2023 Annual Report
260
Page 421
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
46. INSTRUMEN KEUANGAN (lanjutan) 46. FINANCIAL INSTRUMENTS (continued)
b. Tujuan dan Kebijakan Manajemen Risiko b. Risk Management Objectives and Policies
(lanjutan) (continued)
ii. Risiko fluktuasi nilai tukar mata uang asing ii. Foreign exchange rate fluctuation risk
Pembukuan Grup dilakukan dalam mata The Group maintains its bookkeeping in
uang Dolar AS, oleh karena itu, US Dollar, therefore, a portion of its
pendapatan, beban, aset dan liabilitas revenues, expenses, assets and liabilities
dalam mata uang selain Dolar AS memiliki which are denominated in currencies other
eksposur terhadap nilai tukar mata uang than US Dollar are exposed to currency
tersebut terhadap Dolar AS. Aktivitas exchange rates against US Dollar. The oil
eksplorasi dan produksi minyak dan gas and gas exploration and production
Grup di berbagai negara tidak terlepas activities of the Group in various countries
dari eksposur mata uang setempat. are also exposed to the currency
exchange fluctuations of the local
currencies.
Untuk mengelola risiko mata uang, Grup In order to manage currency risk, the
menandatangani beberapa kontrak swap Group entered into several cross-currency
atas mata uang silang dan kontrak swap and forward contracts. As of
forward. Pada tanggal 31 Desember 2023 December 31, 2023 and 2022, these
dan 2022, kontrak ini dicatat sebagai contracts are accounted for as
transaksi yang tidak ditetapkan sebagai transactions that are not designated as
lindung nilai kecuali kontrak lindung nilai hedging contracts except for cash flow
atas arus kas, dimana keuntungan atau hedging contracts, in which the gain or
kerugian yang timbul dari bagian efektif loss arising from the effective portion of
lindung nilai atas arus kas dikreditkan atau cash flow hedge is credited or charged to
dibebankan di penghasilan komprehensif other comprehensive income (Note 27).
lain (Catatan 27).
Entitas anak tertentu Grup memiliki mata Certain subsidiaries of the Group have
uang fungsional dalam Rupiah. Entitas functional currencies in Rupiah. These
anak ini terkena dampak atas selisih nilai subsidiaries are exposed to foreign
kurs atas pembelian dan beban utama exchange risk as the costs of their major
dalam mata uang yang berbeda dengan purchases and expenses are denominated
mata uang fungsionalnya. Namun, entitas in other currencies different from their
anak ini memiliki lindung nilai alami karena functional currency. However, these
pendapatan tertentu, beban utama dan subsidiaries have natural hedge due to
pendanaan dalam Dolar AS. certain revenues, major expenses and
financing are in US Dollar.
Pada tanggal 31 Desember 2023, jika nilai As of December 31, 2023, if the exchange
tukar Dolar AS terhadap mata uang asing rate of the US Dollar against foreign
meningkat/menurun sebanyak 10% currencies increases/decreases by 10%
dengan semua variabel lain konstan, laba with all other variables held constant, the
konsolidasian sebelum beban pajak consolidated profit before income tax
penghasilan dari operasi yang dilanjutkan expense from continuing operations will be
akan lebih rendah/tinggi sebesar AS$97 lower/higher by US$97 million primarily as
juta terutama sebagai akibat dari kerugian/ a result of foreign exchange losses/gains
keuntungan selisih kurs dari translasi aset on translations of net monetary assets and
dan liabilitas moneter neto. liabilities.
2023 Annual Report PT Medco Energi Internasional Tbk 419
261
Page 422
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
46. INSTRUMEN KEUANGAN (lanjutan) 46. FINANCIAL INSTRUMENTS (continued)
b. Tujuan dan Kebijakan Manajemen Risiko b. Risk Management Objectives and Policies
(lanjutan) (continued)
ii. Risiko fluktuasi nilai tukar mata uang asing ii. Foreign exchange rate fluctuation risk
(lanjutan) (continued)
Pada tanggal 31 Desember 2022, jika nilai As of December 31, 2022, if the exchange
tukar Dolar AS terhadap mata uang asing rate of the US Dollar against foreign
meningkat/menurun sebanyak 10% currencies increases/decreases by 10%
dengan semua variabel lain konstan, rugi with all other variables held constant, the
konsolidasian sebelum manfaat pajak dari consolidated loss before income tax
operasi yang dilanjutkan akan lebih tinggi/ expense from continuing operations will be
rendah sebesar AS$52 juta terutama higher/lower by US$52 million primarily as
sebagai akibat dari kerugian/keuntungan a result of foreign exchange losses/gains
selisih kurs dari translasi aset dan liabilitas on translations of net monetary assets and
moneter neto. liabilities.
iii. Risiko kredit iii. Credit risk
Risiko kredit adalah risiko dimana salah Credit risk is the risk that one party to
satu pihak atas instrumen keuangan akan financial instruments will fail to discharge
gagal memenuhi kewajibannya dan its obligation and will incur a financial loss
menyebabkan pihak lain mengalami to the other party.
kerugian keuangan.
Eksposur paling besar adalah sebesar The most significant exposure to the credit
nilai tercatat aset keuangan sebagaimana risk is represented by the carrying
diungkapkan pada Catatan 6, 7, 8 dan 9 amounts of financial assets as shown in
atas laporan keuangan konsolidasian. Notes 6, 7, 8 and 9 of the consolidated
financial statements.
Kas dan setara kas Cash and cash equivalents
Sehubungan dengan kas di bank dan With respect to cash in banks and time
deposito berjangka yang ditempatkan deposits with financial institutions, the
pada institusi keuangan, Grup hanya Group transacts only with financially
bertransaksi dengan institusi keuangan financial institutions and banks with high
dan bank yang sehat. Risiko kredit atas credit ratings. Credit risk arising from
penempatan rekening koran dan deposito placement of current accounts and
dikelola oleh manajemen sesuai dengan deposits is managed in accordance with
kebijakan Grup. Investasi atas kelebihan the Group’s policy. Investments of surplus
dana dibatasi untuk tiap-tiap bank dan funds are limited for each bank and this
kebijakan ini dievaluasi setiap tahun oleh policy is evaluated annually by the
direksi. Batas tersebut ditetapkan untuk directors. Such limits are set to
meminimalkan risiko konsentrasi kredit minimize any significant concentration of
sehingga mengurangi kemungkinan credit risk and therefore mitigate financial
kerugian akibat kebangkrutan bank-bank loss through potential failure of the banks.
tersebut.
Grup menyimpan kas dan setara kasnya The Group has placements of its cash and
di dua bank yang secara individu masing- cash equivalents in two banks that
masing mewakili 18,95%-32,61% dan individually represented 18.95%-32.61%
12%-25% dari jumlah kas dan setara kas and 12%-25% of the total cash and cash
pada tanggal 31 Desember 2023 dan equivalents as of December 31, 2023 and
2022. 2022, respectively.
420 PT Medco Energi Internasional Tbk 2023 Annual Report
262
Page 423
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
46. INSTRUMEN KEUANGAN (lanjutan) 46. FINANCIAL INSTRUMENTS (continued)
b. Tujuan dan Kebijakan Manajemen Risiko b. Risk Management Objectives and Policies
(lanjutan) (continued)
iii. Risiko kredit (lanjutan) iii. Credit risk (continued)
Kas dan setara kas (lanjutan) Cash and cash equivalents (continued)
Deposito dan rekening bank yang dibatasi The Group’s restricted time deposits and
penggunaannya milik Grup ditempatkan cash in banks are placed in one bank that
pada satu bank yang masing-masing represented 54.86% and 52% of the total
mewakili 54,86% dan 52% dari jumlah restricted time deposits and cash in banks
deposito dan rekening bank yang dibatasi as of December 31, 2023 and 2022,
penggunaannya pada tanggal respectively. Identified concentrations of
31 Desember 2023 dan 2022. Identifikasi credit risk, if any, are controlled and
konsentrasi kredit, bila ada, telah managed accordingly.
dikendalikan dan dikelola sedemikian
rupa.
Piutang usaha Trade receivables
Risiko kredit yang dihadapi Grup berasal The Group is exposed to credit risk arising
dari kredit yang diberikan kepada from the credit granted to its customers.
pelanggan. Grup melakukan hubungan The Group trades only with recognized
usaha hanya dengan pihak ketiga yang and creditworthy third parties. It is the
diakui dan kredibel. Grup memiliki Group’s policy that all customers who wish
kebijakan untuk semua pelanggan yang to trade on credit terms are subject to
akan melakukan perdagangan secara credit verification procedures. In addition,
kredit harus melalui prosedur verifikasi receivable balances are monitored on an
kredit. Sebagai tambahan, jumlah piutang ongoing basis to reduce the exposure to
dipantau secara terus menerus untuk bad debts.
mengurangi risiko piutang yang tidak
tertagih.
Pada tanggal 31 Desember 2023 dan As of December 31, 2023 and 2022, the
2022, pelanggan Grup dengan piutang Group’s customers with trade receivables
usaha lebih dari 10% dari jumlah piutang over than 10% of the Group’s trade
usaha Grup adalah sebagai berikut: receivables are as follows:
2023 2022
Glencore Singapore Pte. Ltd. 17 % 7% Glencore Singapore Pte. Ltd.
PT Perusahaan Gas Negara Tbk 13 % 19 % PT Perusahaan Gas Negara Tbk
Sembcorp Gas Pte. Ltd. 11 % 8% Sembcorp Gas Pte. Ltd.
Petroleum Development Oman Petroleum Development Oman
LLC 11 % 7% LLC
Gas Supply Pte. Ltd. 9% 13 % Gas Supply Pte. Ltd.
2023 Annual Report PT Medco Energi Internasional Tbk 421
263
Page 424
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
46. INSTRUMEN KEUANGAN (lanjutan) 46. FINANCIAL INSTRUMENTS (continued)
b. Tujuan dan Kebijakan Manajemen Risiko b. Risk Management Objectives and Policies
(lanjutan) (continued)
iii. Risiko kredit (lanjutan) iii. Credit risk (continued)
Piutang usaha (lanjutan) Trade receivables (continued)
a. Berdasarkan area geografis a. By geographical area
2023
Piutang Usaha/ Piutang Lain-lain/
Trade Receivables Other Receivables
Indonesia 130.574.532 153.143.845 Indonesia
Luar negeri: Overseas:
Asia 165.365.740 4.966.085 Asia
Timur Tengah dan Afrika
Utara 37.485.094 20.147.737 Middle East and North Africa
United States of America and
Amerika Serikat dan Eropa 15.105.071 – Europe
Jumlah 348.530.437 178.257.667 Total
2022
Piutang Usaha/ Piutang Lain-lain/
Trade Receivables Other Receivables
Indonesia 211.692.630 254.110.447 Indonesia
Luar negeri: Overseas:
Asia 87.434.466 6.635.957 Asia
Timur Tengah dan Afrika
Utara 21.515.168 10.641.342 Middle East and North Africa
United States of America and
Amerika Serikat dan Eropa – 6.565.871 Europe
Jumlah 320.642.264 277.953.617 Total
422 PT Medco Energi Internasional Tbk 2023 Annual Report
264
Page 425
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
46. INSTRUMEN KEUANGAN (lanjutan) 46. FINANCIAL INSTRUMENTS (continued)
b. Tujuan dan Kebijakan Manajemen Risiko b. Risk Management Objectives and Policies
(lanjutan) (continued)
iii. Risiko kredit (lanjutan) iii. Credit risk (continued)
Piutang usaha (lanjutan) Trade receivables (continued)
b. Berdasarkan jenis debitur b. By debtor
2023
Piutang Usaha/ Piutang Lain-lain/
Trade Receivables Other Receivables
Pihak-pihak berelasi 69.401 65.487.779 Related parties
Pihak ketiga: Third parties:
Perusahaan Multinasional 179.486.749 38.018.922 Multinational companies
Badan Usaha Milik Negara 136.898.165 5.585.803 State-owned enterprises
Perusahaan lainnya 30.054.565 53.268.123 Other companies
Pemerintah Indonesia 1.974.959 9.486.998 Government of Indonesia
Individual 46.598 6.410.042 Individuals
Jumlah 348.530.437 178.257.667 Total
2022
Piutang Usaha/ Piutang Lain-lain/
Trade Receivables Other Receivables
Pihak-pihak berelasi 404.500 83.616.450 Related parties
Pihak ketiga: Third parties:
Badan Usaha Milik Negara 165.144.112 464.343 State-owned enterprises
Perusahaan Multinasional 111.287.169 19.308.644 Multinational companies
Perusahaan lainnya 38.554.312 158.376.142 Other companies
Pemerintah Indonesia 4.348.518 379.223 Government of Indonesia
Individual 903.653 15.808.815 Individuals
Jumlah 320.642.264 277.953.617 Total
iv. Risiko likuiditas iv. Liquidity risk
Risiko likuiditas didefinisikan sebagai The liquidity risk is defined as a risk where
risiko saat posisi arus kas Grup the cash flow position of the Group
menunjukkan bahwa pendapatan jangka indicates that the short-term revenue is not
pendek tidak cukup untuk menutupi sufficient to cover the short-term
pengeluaran jangka pendek. Kebutuhan expenditures. The Group liquidity
likuiditas Grup secara historis timbul dari requirements have historically arisen from
kebutuhan untuk membiayai investasi dan the need to finance investments and
pengeluaran barang modal dan untuk operational and capital expenditures.
mendanai operasional.
2023 Annual Report PT Medco Energi Internasional Tbk 423
265
Page 426
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
46. INSTRUMEN KEUANGAN (lanjutan) 46. FINANCIAL INSTRUMENTS (continued)
b. Tujuan dan Kebijakan Manajemen Risiko b. Risk Management Objectives and Policies
(lanjutan) (continued)
iv. Risiko likuiditas (lanjutan) iv. Liquidity risk (continued)
Dalam mengelola risiko likuiditas, Grup In the management of liquidity risk, the
memantau dan menjaga tingkat kas dan Group monitors and maintains a level of
setara kas yang dianggap memadai untuk cash and cash equivalents deemed
membiayai operasional Grup dan untuk adequate to finance the Group’s
mengatasi dampak dari fluktuasi arus kas. operations and to mitigate the effects of
Grup juga secara rutin mengevaluasi fluctuations in cash flows. The Group also
proyeksi arus kas dan arus kas aktual, regularly evaluates the projected and
termasuk jadwal jatuh tempo pinjaman actual cash flows, including long-term loan
jangka panjang, dan terus menelaah maturity profiles, and continuously
kondisi pasar keuangan untuk memelihara assesses the conditions in the financial
fleksibilitas pendanaan dengan cara market to maintain flexibility in funding by
menjaga ketersediaan komitmen fasilitas keeping committed credit facilities
kredit. Kegiatan ini bisa meliputi pinjaman available. These activities may include
bank dan penerbitan ekuitas pasar modal. bank loans and issuance of equity in the
capital market.
Tabel di bawah ini menyajikan periode The table below presents the maturity
jatuh tempo liabilitas keuangan Grup period of the Group’s financial liabilities
berdasarkan pembayaran kontraktual based on undiscounted contractual
yang tidak didiskontokan: payments:
2023
Lebih dari
Dalam jangka 5 tahun/
waktu 1 tahun/ 1-2 tahun/ 2-5 tahun/ More than Jumlah/
Keterangan Within 1 year 1-2 years 2-5 years 5 years Total Description
Utang usaha Trade payables
- Pihak berelasi 40.044.334 – – – 40.044.334 Related parties -
- Pihak ketiga 248.142.272 – – – 248.142.272 Third parties -
Utang lain-lain Other payables
- Pihak berelasi 15.361.309 – – – 15.361.309 Related parties -
- Pihak ketiga 101.412.447 8.607.198 27.775.304 49.327.138 187.122.087 Third parties -
Biaya akrual 240.001.718 – – – 240.001.718 Accrued expenses
Pinjaman bank Bank loans
- Pokok pinjaman 304.664.137 84.640.618 519.503.103 116.688.603 1.025.496.461 Principal -
- Beban bunga masa Future imputed - interest -
depan 57.148.532 50.643.729 120.855.701 56.850.402 285.498.364 charges
Pinjaman dari instansi Loans from non-bank
keuangan non-bank financial institutions
- Pokok pinjaman 3.438.090 5.010.402 6.792.049 9.409.939 24.650.480 Principal -
- Beban bunga masa Future imputed - interest -
depan 1.970.472 1.682.352 1.900.797 7.239.619 12.793.240 charges
Obligasi Dolar AS US Dollar bond
- Pokok pinjaman – 33.297.000 1.281.572.000 500.000.000 1.814.869.000 Principal -
- Beban bunga masa Future imputed - interest -
depan 135.577.421 133.144.174 242.115.925 14.360.548 525.198.068 charges
Obligasi Rupiah Rupiah bond
- Pokok pinjaman 87.947.912 221.802.349 126.506.226 76.301.894 512.558.381 Principal -
- Beban bunga masa Future imputed - interest -
depan 40.551.255 26.948.130 33.690.765 6.666.835 107.856.985 charges
Liabilitas sewa 136.714.011 70.242.952 52.484.217 348.661 259.789.841 Lease liabilities
Liabilitas derivatif 8.989.394 3.033.029 4.427.005 2.818.172 19.267.600 Derivative liabilities
424 PT Medco Energi Internasional Tbk 2023 Annual Report
266
Page 427
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
46. INSTRUMEN KEUANGAN (lanjutan) 46. FINANCIAL INSTRUMENTS (continued)
b. Tujuan dan Kebijakan Manajemen Risiko b. Risk Management Objectives and Policies
(lanjutan) (continued)
iv. Risiko likuiditas (lanjutan) iv. Liquidity risk (continued)
2022
Lebih dari
Dalam jangka 5 tahun/
waktu 1 tahun/ 1-2 tahun/ 2-5 tahun/ More than Jumlah/
Keterangan Within 1 year 1-2 years 2-5 years 5 years Total Description
Utang usaha Trade payables
- Pihak berelasi 274.882 – – – 274.882 Related parties -
- Pihak ketiga 190.150.513 – – – 190.150.513 Third parties -
Utang lain-lain Other payables
- Pihak berelasi 10.858.258 – – – 10.858.258 Related parties -
- Pihak ketiga 84.331.088 – – 33.931.420 118.262.508 Third parties -
Biaya akrual 227.862.704 – – – 227.862.704 Accrued expenses
Pinjaman bank Bank loans
- Pokok pinjaman 321.993.328 198.112.257 167.199.762 229.976.421 917.281.768 Principal -
- Beban bunga masa Future imputed - interest -
depan 73.623.375 29.940.704 39.346.000 4.175.842 147.085.921 charges
Loans from non-bank
Pinjaman dari instansi financial institutions
- Pokok pinjaman 3.369.245 3.337.359 13.118.489 – 19.825.093 Principal -
- Beban bunga masa Future imputed - interest -
depan 586.228 1.546.703 2.395.742 – 4.528.673 charges
Obligasi Dolar AS US Dollar bond
- Pokok pinjaman – – 769.004.000 974.895.000 1.743.899.000 Principal -
- Beban bunga masa Future imputed - interest -
depan 121.266.144 121.598.380 251.640.583 (11.561.427) 482.943.680 charges
Obligasi Rupiah Rupiah bond
- Pokok pinjaman 111.162.682 86.186.829 315.270.815 37.268.451 549.888.777 Principal -
- Beban bunga masa Future imputed - interest -
depan 38.829.227 34.799.814 38.577.717 5.265.573 117.472.331 charges
Liabilitas sewa 108.875.128 67.870.031 18.968.430 307.512 196.021.101 Lease liabilities
Liabilitas derivatif 16.981.738 6.837.397 2.765.891 219.543 26.804.569 Derivative liabilities
2023 Annual Report PT Medco Energi Internasional Tbk 425
267
Page 428
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
46. INSTRUMEN KEUANGAN (lanjutan) 46. FINANCIAL INSTRUMENTS (continued)
b. Tujuan dan Kebijakan Manajemen Risiko b. Risk Management Objectives and Policies
(lanjutan) (continued)
v. Risiko volatilitas harga v. Price volatility risk
Harga jual minyak Grup berdasarkan pada The selling price of the Group’s oil is
harga Indonesian Crude Price (ICP) yang based on the price of Indonesian Crude
ditetapkan oleh Kementerian Energi dan Price (ICP) that is determined by the
Sumber Daya Mineral setiap bulannya. Ministry of Energy and Mineral Resources
Sebagai akibatnya, harga yang diterima on a monthly basis. As a result, the price
oleh Grup untuk produksi minyak, akan of oil that is produced by the Group will
tergantung dari banyak faktor di luar depend largely on factors beyond the
kendali Grup. control of the Group.
Sebagian besar gas dijual di Indonesia The natural gas produced in Indonesia is
dihitung berdasarkan sistem kontrak largely sold on contract basis with fixed
dengan harga tetap dan dengan price and mechanism that allows certain
menggunakan mekanisme tingkat eskalasi level of escalation annually. There exists a
tertentu yang diterapkan setiap tahunnya. potential risk of opportunity loss when the
Dalam hal ini terdapat risiko potensi market price of oil and gas far exceeded
hilangnya peluang pada saat kenaikan the escalation cap in the contract.
harga pasar minyak dan gas bumi jauh
melebihi tingkat eskalasi dalam kontrak.
Minyak bumi Grup yang diproduksi di The Group’s oil produced in Thailand and
Thailand dan Vietnam dijual berdasarkan Vietnam are sold on the spot market on
harga pasar Brent. Sehingga, risiko yang the basis of the Brent market price.
dihadapi Grup serupa dengan dampak Therefore, the risk faced by the Group is
fluktuasi harga minyak dan gas bumi. similar to the effects of oil and gas price
fluctuation.
Grup memiliki eksposur terhadap risiko The Group is exposed to the risk of
fluktuasi harga komoditas di pasar fluctuations in prevailing market
terhadap produk minyak dan gas yang commodity prices on the mix of oil and gas
dihasilkan. Kebijakan Grup untuk products that it produces. The Group’s
mengelola risiko ini melalui penggunaan policy is to manage these risks through the
harga berbasis kontrak dengan pelanggan use of contract-based prices with
dan kontrak komoditas derivatif ditetapkan customers and derivative commodity
sebagai lindung nilai. contracts that are accounted for as
designated hedges.
c. Manajemen Modal c. Capital Management
Tujuan Grup ketika mengelola modal adalah: The Group’s objectives when managing capital
are:
• Mempertahankan basis modal yang kuat • To maintain a strong capital base so as to
sehingga dapat mempertahankan maintain investor, creditor and market
kepercayaan investor, kreditur dan pasar; trust; and
dan
426 PT Medco Energi Internasional Tbk 2023 Annual Report
268
Page 429
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
46. INSTRUMEN KEUANGAN (lanjutan) 46. FINANCIAL INSTRUMENTS (continued)
c. Manajemen Modal (lanjutan) c. Capital Management (continued)
• Mempertahankan kelangsungan • To sustain future development of the
pembangunan usaha di masa depan. business.
Grup secara berkala meninjau dan mengelola The Group regularly reviews and manages their
struktur modal mereka untuk memastikan capital structure to ensure optimal structure and
struktur yang optimal serta tingkat shareholder returns, taking into consideration
pengembalian pemegang saham, dengan the future capital requirements of the Group and
mempertimbangkan kebutuhan modal masa capital efficiency, prevailing and projected
depan dari Grup dan efisiensi modal, profitability, projected operating cash flows,
profitabilitas yang berlaku dan diproyeksikan, projected capital expenditures and projected
proyeksi arus kas operasi, proyeksi strategic investment opportunities.
pengeluaran modal dan proyeksi peluang
investasi strategis.
Untuk tujuan pengelolaan modal, manajemen For capital management purposes,
menganggap seluruh ekuitas yang diatribusikan management regards total equity attributable to
kepada pemilik entitas induk sebagai modal. the owners of parent company as capital. The
Jumlah modal pada tanggal 31 Desember 2023 amount of capital as of December 31, 2023 and
dan 2022 masing-masing sebesar AS$1.828,5 2022 is US$1,828.5 million and US$1,557.3
juta dan A$1.557,3 juta yang dianggap optimal million, respectively, which the management
oleh manajemen setelah memperhatikan considers as optimal having considered the
pengeluaran modal yang diproyeksikan dan projected capital expenditures and the projected
proyeksi peluang investasi strategis. Dan juga, strategic investment opportunities. Also, over
selama beberapa tahun, laba sebelum pajak the past years, earnings before income tax,
penghasilan, bunga, penyusutan dan amortisasi interest, depreciation and amortization
(EBITDA) telah menjadi kendali penting Grup (EBITDA) has become an important control
serta juga bagi bank pemberi pinjaman. figure for the Group as well as for the lending
Pertumbuhan yang berkelanjutan dan optimal banks. The continuing optimal development of
dari Grup tergantung pada kemampuan mereka the Group depends on its strong self-financing
mandiri dalam pendanaan (EBITDA). ability (EBITDA).
Tidak terdapat perubahan pendekatan Grup There are no changes in the Group’s approach
untuk pengelolaan modal sepanjang periode to capital management during the reporting
pelaporan. period.
2023 Annual Report PT Medco Energi Internasional Tbk 427
269
Page 430
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
47. KESEPAKATAN BAGI HASIL MINYAK DAN GAS 47. OIL AND GAS PRODUCTION SHARING
ARRANGEMENTS
a. Kesepakatan Bagi Hasil (PSC) - Indonesia a. Production Sharing Arrangements -
Indonesia
Mayoritas entitas anak yang bergerak di bidang The majority of subsidiaries engaged in the oil
minyak dan gas bumi berlokasi di Indonesia dan and gas sector are located in Indonesia and
beroperasi berdasarkan berbagai kesepakatan operate under various production sharing
bagi hasil dengan SKK Migas. Uraian umum agreements with SKK Migas. The general
kesepakatan dan ketentuan dalam peraturan description of the agreements and provisions in
baru minyak dan gas bumi yang berlaku the applicable new regulations on oil and gas
tersebut adalah sebagai berikut: are as follows:
i. Kontrak Bagi Hasil (PSC) - Indonesia i. Production Sharing Contract (PSC) -
Indonesia
PSC diberikan untuk mencari dan PSCs are awarded to seek and develop
mengembangkan cadangan hidrokarbon commercial hydrocarbon reserves in certain
komersial di area tertentu sebelum areas prior to commercial production.
berproduksi secara komersial. Kontraktor Contractors are generally required to
pada umumnya diwajibkan untuk relinquish a certain percentage of the contract
menyerahkan kembali persentase tertentu dari area by a certain date, unless the area relates
area kontrak pada tanggal tertentu, kecuali to a field surface where oil and natural gas
jika area tersebut terkait dengan permukaan has been discovered.
lapangan dimana telah ditemukan minyak dan
gas bumi.
Tanggung jawab dari kontraktor dalam PSC The responsibilities of the contractor in a PSC
umumnya termasuk menyediakan dana atas generally include providing funding for all
semua aktivitas serta menyiapkan dan activities and preparing and implementing
melaksanakan program kerja dan anggaran. work programs and budgets. In return, the
Sebagai imbalannya, kontraktor diizinkan contractor is permitted to carry out the lifting of
untuk melakukan lifting atas minyak mentah crude oil and gas production which is their
dan produksi gas yang menjadi haknya. right.
Bagi hasil dalam bentuk First Tranche Production sharing in the form of First
Petroleum (FTP) sebesar 20% dari total Tranche Petroleum (FTP) of 20% of total
produksi sebelum dikurangi cost recovery production before deducting cost recovery is
tersedia untuk Pemerintah dan kontraktor available to the Government and contractors
sesuai dengan persentase hak bagi hasil in accordance with the percentage of their
masing-masing. respective production sharing rights.
Jumlah produksi setelah FTP adalah jumlah The amount of production after FTP is the
yang tersedia untuk cost recovery bagi amount available for cost recovery for
kontraktor yang dihitung berdasarkan contractors which is calculated based on
referensi atas harga minyak mentah yang reference to the prevailing crude oil price in
berlaku di Indonesia dan harga gas aktual. Indonesia and the actual gas price. After the
Setelah kontraktor memulihkan semua biaya contractor recovers all costs incurred, the
yang dikeluarkan, Pemerintah berhak Government is entitled to a certain share of
memperoleh pembagian tertentu dari hasil the remaining production of crude oil and
produksi minyak mentah dan gas bumi yang natural gas, then the contractor is entitled to
tersisa, selanjutnya kontraktor berhak atas the remainder as a share of equity (profit).
sisanya sebagai bagian ekuitas (laba).
Kontraktor diwajibkan untuk membayar pajak The contractor is required to pay corporate tax
badan atas bagian labanya berdasarkan tarif on its share of profits based on the prevailing
pajak yang berlaku di Indonesia pada saat tax rate in Indonesia at the time the PSC is
PSC tersebut ditandatangani. signed.
428 PT Medco Energi Internasional Tbk 2023 Annual Report
270
Page 431
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
47. KESEPAKATAN BAGI HASIL MINYAK DAN GAS 47. OIL AND GAS PRODUCTION SHARING
(lanjutan) ARRANGEMENTS (continued)
a. Kesepakatan Bagi Hasil (PSC) - Indonesia a. Production Sharing Arrangements -
(lanjutan) Indonesia (continued)
i. Kontrak Bagi Hasil (PSC) - Indonesia i. Production Sharing Contract (PSC) -
(lanjutan) Indonesia (continued)
PSC di Indonesia wajib memenuhi Domestic PSCs in Indonesia are required to comply with
Market Obligation (DMO) dimana kontraktor the Domestic Market Obligation (DMO)
harus menyediakan kepada pasar domestik whereby the contractor must provide to the
sebanyak yang lebih rendah antara 25% dari domestic market the lower of 25% of (i) the
(i) bagian kontraktor sebelum pajak atas total contractor's share before tax of total oil
produksi minyak bumi dan (ii) bagian laba production and (ii) the contractor's share of
kontraktor atas minyak. profits on oil.
ii.Badan Operasi Bersama (JOB) - Indonesia ii.Joint Operation Agency (JOB) - Indonesia
Dalam JOB, kegiatan operasional dilakukan In JOB, operational activities are carried out
oleh Badan Operasi Bersama yang dikepalai by a Joint Operating Body headed by
oleh PT Pertamina (Persero) dan dibantu oleh PT Pertamina (Persero) and assisted by
kontraktor sebagai pihak kedua dalam JOB. contractors as the second party in the JOB. In
Dalam JOB, 37,5%-50% dari produksi JOB, 37.5%-50% of production belongs to
merupakan milik Pertamina, dan sisanya Pertamina, and the rest is a part that can be
adalah bagian yang dapat dibagikan kepada distributed to parties in the same way as PSC.
pihak-pihak dengan cara yang sama seperti
PSC.
Grup pada saat ini memiliki 13 PSC dan 2 JOB The Group currently has 13 PSCs and 2 JOBs
di Indonesia. in Indonesia.
Sisa komitmen biaya untuk kegiatan The remaining commitment for development
pengembangan dan eksplorasi terkait dengan and exploration expenditures relating to the
kontrak-kontrak di atas pada tanggal contracts above as of December 31, 2023 and
31 Desember 2023 dan 2022 masing-masing 2022, is amounting to US$347.8 million and
sebesar AS$347,8 juta dan AS$22,4 juta. US$22.4 million, respectively.
2023 Annual Report PT Medco Energi Internasional Tbk 429
271
Page 432
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
47. KESEPAKATAN BAGI HASIL MINYAK DAN GAS 47. OIL AND GAS PRODUCTION SHARING
(lanjutan) ARRANGEMENTS (continued)
b. Kesepakatan Bagi Hasil (PSC) - b. Production Sharing Arrangements (PSC) -
Internasional International
(1) Grup memiliki kesepakatan bagi hasil di (1) The Group has production sharing
Libya, Yaman, dan Tanzania serta kontrak arrangements in Libya, Yemen, and
jasa di Oman dengan kerangka fiskal Tanzania and also a service contract in
sebagai berikut: Oman with the following fiscal
arrangements:
Perjanjian Bagi Hasil Konsesi/
Kepemilikan Negara Operasi/ Jangka Waktu Concession Production Sharing Agreement
Entitas Anak/
Blok/ Country of Kontrak/
Subsidiaries Pemerintah Setempat/ Entitas Anak/
Block Ownership Operations Contract Term
Local Government Subsidiaries
Medco Oman LLC Karim Small Oman 25 tahun/ 88% atas laba dari jumlah 12% atas laba dari jumlah
Fields/ 25 years produksi/ produksi/
Karim Small Fields 88% of profit from total 12% of profit from total
production production
Medco Wilayah 47/ Libya 30 tahun/ 86,3% atas laba dari jumlah 13,7% atas laba dari jumlah
International Area 47 30 years produksi/ produksi/
Ventures Ltd *) 86.3% of profit from total 13.7% of profit from total
production production
Medco Arabia Ltd Blok 56/ Oman 3 tahun periode 75% atas laba dari jumlah 25% atas laba dari jumlah
Block 56 eksplorasi/ produksi untuk minyak dan produksi untuk minyak dan
3 years 70% untuk gas/ 30% untuk gas/
exploration period 75% of profit from total 25% of profit from total
production for oil and 70% production for oil and 30%
for gas for gas
Medco Yemen Blok 9/ Yaman/ 25 tahun/ Kisaran 70%-80% atas laba Kisaran 20%-30% atas laba
Malik Ltd Block 9 Yemen 25 years minyak (untuk produksi minyak (untuk produksi
25.000 bopd sampai dengan 25.000 bopd sampai dengan
100.000 bopd)/ 100.000 bopd)/
70%-80% range of profit oil 20%-30% range of profit oil
(for production of 25,000 (for production of 25,000
bopd up to 100,000 bopd) bopd up to 100,000 bopd)
Ophir Tanzania Blok 1/ Tanzania 11 tahun/ Minyak/Oil Minyak/Oil
(Block 1) Limited Block 1 11 years - 40% - 60% laba dari - 40% - 60% laba dari
minyak tergantung pada minyak tergantung pada
kenaikan tingkat total kenaikan tingkat total
produksi harian/ produksi harian/
40% - 60% of profit oil 40% - 60% of profit oil
depending on increments depending on increments
of daily total production of daily total production
rate rate
Gas Gas
- Akan ditentukan setelah - Akan ditentukan setelah
ada penemuan komersial ada penemuan komersial
gas alam yang tidak gas alam yang tidak
terkait/ terkait/
To be determined once To be determined once
there is a commercial there is a commercial
discovery of non- discovery of non-
associated natural gas associated natural gas
*) Operasi dari entitas anak yang diklasifikasikan sebagai asset tersedia untuk dijual *) Operation from subsidiary classified as asset held for sale or discontinued
atau operasi yang dihentikan pada tanggal 31 Desember 2023 dan 31 Desember operation as of December 31, 2023 and December 31, 2022 (Note 39).
2022 (Catatan 39).
430 PT Medco Energi Internasional Tbk 2023 Annual Report
272
Page 433
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
47. KESEPAKATAN BAGI HASIL MINYAK DAN GAS 47. OIL AND GAS PRODUCTION SHARING
(lanjutan) ARRANGEMENTS (continued)
b. Kesepakatan Bagi Hasil - Internasional b. Production Sharing Arrangements -
(lanjutan) International (continued)
(1) Grup memiliki kesepakatan bagi hasil di (1) The Group has production sharing
Libya, Yaman, dan Tanzania serta kontrak arrangements in Libya, Yemen, and
jasa di Oman dengan kerangka fiskal Tanzania and also a service contract in
sebagai berikut: (lanjutan) Oman with the following fiscal
arrangements: (continued)
Perjanjian Bagi Hasil Konsesi/
Kepemilikan Negara Operasi/ Jangka Waktu Concession Production Sharing Agreement
Entitas Anak/
Blok/ Country of Kontrak/
Subsidiaries Pemerintah Setempat/ Entitas Anak/
Block Ownership Operations Contract Term
Local Government Subsidiaries
Ophir Tanzania Blok 4/ Tanzania 11 tahun/ Minyak/Oil Minyak/Oil
(Block 1) Limited Block 4 11 years - 42,5% - 62,5% laba dari - 37,5% - 57,5% laba dari
minyak tergantung pada minyak tergantung pada
kenaikan tingkat total kenaikan tingkat total
produksi harian/ produksi harian/
42.5% - 62.5% of profit oil 37.5% - 57.5% of profit oil
depending on increments depending on increments
of daily total production of daily total production
rate rate
Gas Gas
- Akan ditentukan setelah - Akan ditentukan setelah
ada penemuan komersial ada penemuan komersial
gas alam yang tidak terkait/ gas alam yang tidak terkait/
To be determined once To be determined once
there is a commercial there is a commercial
discovery of non- discovery of non-
associated natural gas associated natural gas
(2) Grup memiliki kesepakatan royalti dengan (2) The Group has royalty arrangements with
pengaturan fiskal sebagai berikut: the following fiscal arrangements:
Kepemilikan Negara Operasi/ Jangka Waktu
Entitas Anak/ Kesepakatan Royalti/
Blok/ Country of Kontrak/
Subsidiaries Royalty Arrangements
Block Ownership Operations Contract Term
Ophir Mexico Blok 5/ Mexico 35 tahun/ - Biaya kontrak selama tahap eksplorasi/
Offshore Block 5 35 years Contract fee during exploration phase
Exploration, S.A. - Royalti ditentukan untuk setiap jenis hidrokarbon yang
DE C.V. persentasenya dihitung berdasarkan formula tertentu/
Royalty determined for each type of hydrocarbon which
percentage is calculated based on a specific formula
- 26,91% jumlah produksi/
26.91% total production
Ophir Mexico Blok 10/ Mexico 35 tahun/ - Biaya kontrak selama tahap eksplorasi/
Operations, S.A. Block 10 35 years Contract fee during exploration phase
DE C.V. - Royalti ditentukan untuk setiap jenis hidrokarbon yang
persentasenya dihitung berdasarkan formula tertentu/
Royalty determined for each type of hydrocarbon which
percentage is calculated based on a specific formula
- 20% jumlah produksi/ 20%
total production
Ophir Mexico Blok 12/ Mexico 35 tahun/ - Biaya kontrak selama tahap eksplorasi/
Operations, S.A. Block 12 35 years Contract fee during exploration phase
DE C.V. - Royalti ditentukan untuk setiap jenis hidrokarbon yang
persentasenya dihitung berdasarkan formula tertentu/
Royalty determined for each type of hydrocarbon which
percentage is calculated based on a specific formula
- 20% jumlah produksi/ 20%
total production
2023 Annual Report PT Medco Energi Internasional Tbk 431
273
Page 434
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
47. KESEPAKATAN BAGI HASIL MINYAK DAN GAS 47. OIL AND GAS PRODUCTION SHARING
(lanjutan) ARRANGEMENTS (continued)
b. Kesepakatan Bagi Hasil - Internasional b. Production Sharing Arrangements -
(lanjutan) International (continued)
(2) Grup memiliki kesepakatan royalti dengan (2) The Group has royalty arrangements with
pengaturan fiskal sebagai berikut: (lanjutan) the following fiscal arrangements:
(continued)
Kepemilikan Negara Operasi/ Jangka Waktu
Entitas Anak/ Kesepakatan Royalti/
Blok/ Country of Kontrak/
Subsidiaries Royalty Arrangements
Block Ownership Operations Contract Term
Ophir Myanmar Blok A5/ Myanmar 27 tahun/ - 55% - 90% laba untuk minyak atau gas tergantung
(Block AD-3) Block A5 27 years pada tingkat produksi harian dan kedalaman air/
Limited 55% - 90% of profit both for oil or for gas depending on
production daily rate and water depth
- 12,5% royalti dari jumlah produksi bersih/
12.5% royalty from total net production
Ophir Myanmar Blok AD-3/ Myanmar 28 tahun/ - 55% - 85% laba untuk minyak tergantung pada tingkat
(Block AD-3) Block AD-3 28 years produksi harian dan kedalaman air/
Limited 55% - 85% of profit for oil depending on production
daily rate and water depth
- 55% - 90% laba untuk gas tergantung pada tingkat
produksi harian dan kedalaman air/
55% - 90% of profit for gas depending on production
daily rate and water depth
- 12,5% royalti dari jumlah produksi bersih/
12.5% royalty from total net production
- Medco Energi Blok B8/38/ Thailand 20 tahun/ - 5% - 15% royalti berdasarkan penjualan kotor dan
(Thailand) Block B8/38 20 years volume pembuangan bulanan/
Bualuang Limited 5% - 15% royalty based on monthly gross sale and
- Medco Energi disposal volume
(Thailand) E&P - Manfaat Remunerasi Khusus (pajak tak terduga)/
Limited Special Remuneration Benefit (windfall tax)
Ophir Vietnam Blok 12W/ Vietnam 25 tahun untuk Minyak/Oil
Block 12W B.V. *) Block 12W minyak dan - 4% - 20% royalti dari produksi minyak bersih
30 tahun untuk tergantung pada tingkat produksi harian bersih/
gas/ 4% - 20% royalty of net oil production depending on net
25 years for oil daily production rate
and - 4% bea ekspor/
30 years for gas 4% export duty
- 10% - 60% laba minyak tergantung pada rata-rata
produksi minyak bersih kuarter berdasarkan tahapan
tambahan dalam barel per hari/
10% - 60% of profit oil depending on quarterly average
net oil production by incremental tranches in barrels per
day
Gas
- 0% - 6% royalti dari produksi gas bersih tergantung
pada tingkat produksi harian bersih/
0% - 6% royalty of net gas production depending on net
daily production rate
- 0% bea ekspor/
0% export duty
- 10% - 60% laba gas tergantung pada rata-rata produksi
gas bersih kuarter berdasarkan tahapan tambahan
dalam barel per hari dengan tingkat konversi 6.000
SCF sebagai setara 1 barel/
10% - 60% of profit gas depending on quarterly
average net gas production by incremental tranches in
barrels per day with conversion rate of 6,000 SCF as 1
barrel equivalent
*) Operasi dari entitas anak yang diklasifikasikan sebagai asset tersedia untuk dijual *) Operation from subsidiary classified as asset held for sale or discontinued
atau operasi yang dihentikan pada tanggal 31 Desember 2023 dan 31 Desember operation as of December 31, 2023 and December 31, 2022 (Note 39).
2022 (Catatan 39).
Komitmen pengeluaran yang masih tersisa The total remaining commitment for exploration
untuk kegiatan eksplorasi sehubungan dengan expenditures related to the contracts above as
kontrak-kontrak tersebut pada 31 Desember of December 31, 2023 and 2022 is amounting to
2023 dan 2022 masing-masing sebesar AS$0,5 US$0.5 million and US$2.1 million, respectively.
juta dan AS$2,1 juta.
432 PT Medco Energi Internasional Tbk 2023 Annual Report
274
Page 435
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
48. AKUISISI DAN PENGALIHAN YANG SIGNIFIKAN 48. SIGNIFICANT ACQUISITIONS AND DISPOSALS
Selama periode pelaporan, Grup melakukan During the reporting period, the Group made several
beberapa akuisisi entitas anak dan ventura acquisitions of subsidiaries and joint venture,
bersama, termasuk akuisisi dan pelepasan including acquisitions and disposals of ownership
kepemilikan dan/atau hak partisipasi (seluruh atau interests and/or participating interest (a whole or in
sebagian), dimana akuisisi dan pelepasan yang part), whereby the significant acquisitions and
signifikan disajikan di paragraf berikut. disposals are disclosed in the succeeding
paragraphs herein.
Grup telah membuat analisa penilaian provisional The Group has performed a provisional valuation
atas nilai wajar sementara aset teridentifikasi yang analysis of the provisional fair value of identifiable
diperoleh dan liabilitas yang diambil alih. assets acquired and liabilities assumed. Using a
Menggunakan sejumlah pertimbangan untuk number of judgment on the acquisitions, the Group
akuisisinya, Grup telah mengestimasi alokasi atas has estimated the allocation of the costs of the
aset dan liabilitas tersebut. acquisitions to the identifiable assets and liabilities.
Nilai wajar yang disajikan adalah jumlah sementara The fair values disclosed are provisional due to
mengingat kompleksitas dari akuisisi dan sifat complexity of the acquisitions and the inherent
ketidakpastian yang inheren dari sektor minyak dan uncertain nature of the oil and gas sector,
gas bumi, terutama dalam menentukan penilaian particularly in valuing oil and gas properties and
aset minyak dan gas bumi dan pertambangan. mining properties. The revision of the fair values of
Revisi atas nilai wajar aset dan liabilitas yang the assets acquired and liabilities assumed will be
diakuisisi akan diselesaikan paling lambat dalam 12 completed within 12 months from the acquisition.
bulan sejak tanggal akuisisi.
Alokasi harga pembelian provisional digunakan This provisional purchase price allocation has been
pada laporan posisi keuangan konsolidasian dan used in the consolidated statements of financial
laporan laba rugi dan penghasilan komprehensif position and profit or loss and other comprehensive
lainnya. Alokasi harga pembelian final akan income. The final purchase price allocation will be
ditentukan pada saat Grup telah menyelesaikan determined when the Group has completed the
penilaian yang rinci dan perhitungan lain yang detailed valuations and necessary calculations. The
dianggap perlu. Alokasi final mungkin berbeda final allocation could differ materially from the
secara material dari alokasi provisional. Alokasi final provisional allocation. The final allocation may
mungkin termasuk; (1) perubahan nilai wajar dari include; (1) changes in fair values of oil and gas
aset minyak dan gas bumi; (2) perubahan dalam properties; (2) changes in allocations to intangible
alokasi aset tak berwujud seperti teknologi dan assets such as technology and customer
hubungan pelanggan serta goodwill (pembelian relationships as well as goodwill (bargain purchase);
dengan diskon); dan (3) perubahan lain dari aset and (3) other changes to assets and liabilities.
dan liabilitas.
i. Pada tanggal 25 Oktober 2023, MPI dengan PT i. On October 25, 2023, MPI and PT Telkom Data
Telkom Data Ekosistem dan ST Dynamo ID Ekosistem and also ST Dynamo ID Pte. Ltd.
Pte. Ltd. telah melakukan penyelesaian finalized the new shares subscription of PT
(completion/closing) atas penerbitan saham Teknologi Data Infrastruktur. MPI owns 296,826
baru di PT Teknologi Data Infrastruktur. MPI ordinary shares representing 5% of its share
memiliki 296.826 lembar saham biasa yang ownership in PT Teknologi Data Infrastruktur.
mencerminkan 5% dari kepemilikan sahamnya
dalam PT Teknologi Data Infrastruktur.
ii. Pada September 2023, PT Medco Power ii. In September 2023, PT Medco Power Indonesia
Indonesia menandatangani Perjanjian Jual Beli signed a Share Sale and Purchase Agreement
Saham untuk melepas 100% kepemilikan pada to sell 100% of the shares in PT Medco
PT Medco Sumbawa Gas ("MSG") kepada PT Sumbawa Gas ("MSG") to PT Amman Mineral
Amman Mineral Internasional Tbk, dengan Internasional Tbk, for a consideration of Rp2.5
harga jual keseluruhan sebesar Rp2,5 miliar. billion.
2023 Annual Report PT Medco Energi Internasional Tbk 433
275
Page 436
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
48. AKUISISI DAN PENGALIHAN YANG SIGNIFIKAN 48. SIGNIFICANT ACQUISITIONS AND DISPOSALS
(lanjutan) (continued)
iii. Pada tanggal 22 Agustus 2023, Grup iii. On August 22, 2023, Group signed an
menandatangani perjanjian untuk melakukan agreement to purchase 20% non-operated
pembelian 20% non-operated participating participating interest in Exploration and
interest pada Exploration and Production Production Sharing Agreement (EPSA) in Block
Sharing Agreement (EPSA) Blok 60 dan Blok 60 and Block 48 in Oman from OQ Exploration
48 Oman dari OQ Exploration and Production and Production LLC, where OQ Exploration and
LLC, dimana OQ Exploration and Production Production LLC will continue to hold majority
LLC akan tetap bertindak sebagai operator dan operated participating interest in these assets.
terus memegang kepemilikan mayoritas The transaction was completed on
operated participating interest di aset tersebut. December 12, 2023.
Transaksi ini telah diselesaikan pada tanggal
12 Desember 2023.
Blok 60 adalah blok yang sudah berproduksi Block 60 is a production block and Block 48 is
dan Blok 48 adalah blok pada tahap eksplorasi. an exploration stage block. Both blocks are
Kedua blok tersebut berlokasi di daratan Oman located in onshore west central Oman. Based
bagian barat tengah. Berdasarkan analisa on the Group analysis, with reference to PSAK
Grup, sesuai dengan PSAK 22, maka hanya 22, then only Block 60 that falls as a business
Blok 60 yang dapat dikategorikan sebagai combination. Thus, the purchase price
kombinasi bisnis. Dengan demikian, alokasi allocation is only performed for Block 60.
harga pembelian hanya dilakukan untuk Blok
60.
Nilai wajar yang disajikan adalah jumlah The provisional fair values of the identifiable
sementara dari aset teridentifikasi yang assets acquired and the assumed liabilities of
diperoleh dan liabilitas yang diasumsikan atas Block 60 as of December 12, 2023 (acquisition
Blok 60 pada tanggal 12 Desember 2023 effective date) are disclosed below. Due to the
(tanggal efektif akuisisi). Karena kompleksitas complexities of the acquisition and the
dari akuisisi dan sifat ketidakpastian dari sektor inherently uncertain nature of the oil and gas
minyak dan gas, terutama, dalam menentukan sector, in particular, in valuing oil and gas
penilaian aset minyak dan gas bumi. properties. The review of the fair value of the
Penelaahan atas nilai wajar aset dan liabilitas assets and liabilities acquired will be completed
yang diperoleh akan diselesaikan paling lambat within 12 months of the acquisition at the latest.
dalam waktu 12 bulan sejak tanggal akuisisi.
Nilai Wajar
Sementara (AS$)/
Provisional Fair
Value (US$)
Aset Assets
Piutang usaha 26.470.613 Trade receivables
Persediaan 7.566.341 Inventories
Aset eksplorasi dan evaluasi 8.171.013 Exploration and evaluation assets
Aset minyak dan gas bumi 626.140.026 Oil and gas properties
Aset lain-lain 757.245 Other assets
Sub-jumlah 669.105.238 Sub-total
Liabilitas Liabilities
Utang usaha 1.208.490 Trade payables
Biaya akrual 8.664.899 Accrued Expenses
Utang lain-lain 9.497.256 Other payables
Liabilitas pembongkaran aset Assets abandonment and site restoration obligations
dan restorasi area dan provisi lain-lain 28.509.367 and other provision
Sub-jumlah 47.880.012 Sub-total
Nilai wajar aset neto teridentifikasi 621.225.226 Total identifiable net assets at fair values
Keuntungan pembelian diskon (36.173.977) Bargain purchase
Imbalan pembelian yang dialihkan 585.051.249 Purchase consideration transferred
434 PT Medco Energi Internasional Tbk 2023 Annual Report
276
Page 437
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
48. AKUISISI DAN PENGALIHAN YANG SIGNIFIKAN 48. SIGNIFICANT ACQUISITIONS AND DISPOSALS
(lanjutan) (continued)
Manajemen berkeyakinan bahwa Grup dapat Management believes that the Group was able
mengakuisisi Blok 60 Oman dengan nilai yang to acquire Block 60 in Oman for less than the
lebih rendah dari nilai wajar asetnya karena fair value of its assets because of the Group's
integrasi Grup di Blok 60 Oman dengan integration of Block 60 with its existing
kegiatan usaha Grup yang telah ada di Oman operations in Oman is proceeding well, and
berjalan dengan baik, dan harga minyak yang higher global oil price towards the closing date.
meningkat mendekati tanggal penyelesaian.
Dari tanggal akuisisi hingga tanggal 31 From the date of acquisition until December 31,
Desember 2023, Blok 60 Oman telah 2023, Block 60 Oman contributed US$6.2
berkontribusi sebesar AS$6,2 juta terhadap million to the Group’s revenue and US$6.2
pendapatan Grup dan AS$6,2 juta terhadap million to the Group’s profit before taxes. If the
laba sebelum pajak penghasilan Grup. Apabila acquisition had taken place at 1 January 2023,
akuisisi telah dilakukan sejak 1 Januari 2023, the contribution of Block 60 Oman to the
kontribusi Blok 60 Oman terhadap pendapatan Group’s revenue and profit before taxes for the
dan laba sebelum pajak Grup untuk tahun yang year ended December 31, 2023 would have
berakhir pada 31 Desember 2023 dapat been US$232.4 million and US$127.9 million,
menjadi masing-masing sebesar AS$232,4 juta respectively.
dan AS$127,9 juta.
iv. Pada kuartal IV tahun 2022, Dewan Direksi iv. In fourth quarter of 2022, the Company’s Board
menyetujui untuk melepas 27,18% investasi of Directors approved to sell 27.18% of long-
jangka panjang pada APICO LLC. term investment in APICO LLC.
Pada tanggal 22 Februari 2023, Grup menerima On February 22, 2023, the Group received full
pelunasan pembayaran dari Jadestone Energy payment from Jadestone Energy (Singapore)
(Singapore) Pte. Ltd. Transaksi telah Pte. Ltd. The transaction has been completed
diselesaikan pada tanggal 23 Februari 2023 on February 23, 2023 (Note 39).
(Catatan 39).
v. Pada tanggal 19 Desember 2022, Ophir Jaguar v. On December 19, 2022, Ophir Jaguar 2 Ltd., a
2 Ltd., entitas anak yang dimiliki sepenuhnya wholly-owned subsidiary of the Company has
oleh Perusahaan telah menandatangani signed a share purchase agreement with
perjanjian jual beli saham dengan Bitexco Bitexco Energy Ltd., a wholly-owned subsidiary
Energy Ltd., entitas anak yang dimiliki of Bitexco Group, to sell all of the shares of
sepenuhnya oleh Bitexco Group, untuk menjual Ophir Vietnam Block 12W B.V. with agreed
seluruh saham dari Ophir Vietnam Block 12W base price of US$70 million. The price is
B.V. dengan harga kesepakatan sebesar AS$70 subject to adjustments until the closing period
juta. Harga kesepakatan ini akan disesuaikan as defined in the Agreement. The transaction is
dengan periode penutupan yang didefinisikan di expected to be completed in the second quarter
Perjanjian. Transaksi diharapkan akan selesai of 2024 following receipt of the necessary
pada kuarter kedua tahun 2024 setelah approvals from Vietnamese authorities (Note
diterimanya persetujuan yang diperlukan dari 39).
otoritas Vietnam (Catatan 39).
2023 Annual Report PT Medco Energi Internasional Tbk 435
277
Page 438
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
48. AKUISISI DAN PENGALIHAN YANG SIGNIFIKAN 48. SIGNIFICANT ACQUISITIONS AND DISPOSALS
(lanjutan) (continued)
vi. Pada tanggal 8 Desember 2021, Medco Energi vi. On December 8, 2021, Medco Energi Global
Global Pte. Ltd., entitas anak yang dimiliki Pte. Ltd., a wholly owned subsidiary of the
sepenuhnya oleh Perusahaan, menandatangani Company, entered into an agreement to
sebuah perjanjian untuk mengakuisisi seluruh acquire the entire issued share capital of
saham ConocoPhillips Indonesia Holding Ltd. ConocoPhillips Indonesia Holding Ltd.
(“CIHL”) dari Phillips International Investments (“CIHL”) from Phillips International
Inc., anak usaha dari ConocoPhillips Investments Inc., a subsidiary of
(“Transaksi”). CIHL memiliki 100% kepemilikan ConocoPhillips (the “Transaction”). CIHL
dalam ConocoPhillips (Grissik) Ltd (“CPGL”) holds a 100% shares in ConocoPhillips
dan 35% kepemilikan dalam Transasia Pipeline (Grissik) Ltd (“CPGL”) and a 35% shares in
Company Pvt. Ltd. CPGL merupakan Operator Transasia Pipeline Company Pvt. Ltd. CPGL
PSC Corridor dengan 54% hak partisipasi. is the Operator of the Corridor PSC with a
54% participating interest.
Transaksi tersebut di atas telah efektif pada The transaction above has become effective
tanggal 3 Maret 2022 setelah memperoleh on March 3, 2022 after having obtained the
persetujuan pemegang saham dalam Rapat approval from the shareholders from the
Umum Pemegang Saham Luar Biasa Extraordinary General Meeting of
(RUPSLB) yang telah diselenggarakan pada Shareholders (EGMS) which was convened
tanggal 25 Februari 2022. on February 25, 2022.
Nilai wajar final dari aset teridentifikasi yang The final fair values of the identifiable assets
diperoleh dan liabilitas yang diambil alih CIHL acquired and liabilities assumed of CIHL at
pada tanggal efektif akuisisi (3 Maret 2022) the effective date of acquisition (March 3,
adalah: 2022) were:
Nilai Wajar
Final (AS$)/
Final
Fair Value (US$)
Aset Assets
Kas dan setara kas 173.416.168 Cash and cash equivalents
Piutang usaha 157.714.081 Trade receivables
Piutang lain-lain 31.617.956 Other receivables
Persediaan 5.390.120 Inventories
Beban dibayar di muka 1.308.632 Prepaid expenses
Piutang lain-lain jangka panjang 1.837.164 Long-term other receivables
Investasi jangka panjang 118.388.211 Long-term investments
Aset minyak dan gas bumi 1.295.928.535 Oil and gas properties
Aset hak guna 40.704.998 Right-of-use assets
Sub-jumlah 1.826.305.865 Sub-total
436 PT Medco Energi Internasional Tbk 2023 Annual Report
278
Page 439
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
48. AKUISISI DAN PENGALIHAN YANG SIGNIFIKAN 48. SIGNIFICANT ACQUISITIONS AND DISPOSALS
(lanjutan) (continued)
Nilai wajar final dari aset teridentifikasi yang The final fair values of the identifiable assets
diperoleh dan liabilitas yang diambil alih CIHL acquired and liabilities assumed of CIHL at the
pada tanggal efektif akuisisi (3 Maret 2022) effective date of acquisition (March 3, 2022)
adalah: were:
Nilai Wajar
Final (AS$)/
Final
Fair Value (US$)
Liabilitas Liabilities
Utang usaha 106.058.943 Trade payables
Utang pajak 71.845.001 Taxes payables
Utang lain-lain 17.308.528 Other payables
Biaya akrual 28.452.779 Accrued expenses
Liabilitas sewa 40.723.396 Lease liabilities
Liabilitas pajak tangguhan 409.111.203 Deferred tax liabilities
Utang jangka panjang 49.539.438 Long-term payables
Liabilitas imbalan kerja jangka panjang 5.661.527 Long-term employee benefits liabilities
Liabilitas pembongkaran aset Assets abandonment and site restoration obligations and
dan restorasi area dan provisi lain-lain 28.438.575 other provisions
Sub-jumlah 757.139.390 Sub-total
Nilai wajar aset neto teridentifikasi 1.069.166.475 Total identifiable net assets at fair values
Keuntungan pembelian diskon (48.982.969) Bargain purchase
Imbalan pembelian yang dialihkan 1.020.183.506 Purchase consideration transferred
Dikurangi kas yang diperoleh dari entitas
anak yang diakuisisi (173.416.168) Net cash of the acquired subsidiary
Akuisisi entitas anak, setelah Acquisition of a subsidiary,
dikurangi kas yang diperoleh 846.767.338 net of cash acquired
Manajemen berkeyakinan bahwa Grup dapat Management believes that the Group was able
mengakuisisi CIHL dan entitas anaknya to acquire CIHL and its subsidiaries for less
dengan nilai yang lebih rendah dari nilai wajar than the fair value of its assets because of the
asetnya karena integrasi Grup dengan CIHL Group integration of CIHL is proceeding well,
berjalan dengan baik, dengan sinergis dan with synergies and increase in efficiency on the
peningkatan efisiensi operasi aset. assets operation.
Setelah tanggal akuisisi, dilakukan perubahan After the acquisition date, the following
nama-nama sebagai berikut: changes to the names were made:
i. ConocoPhillips Indonesia Holding Ltd. i. ConocoPhillips Indonesia Holding Ltd.
(“CIHL”) telah berubah nama menjadi (“CIHL”) has changed its registered
Medco E&P Corridor Holding Ltd. company name to Medco E&P Corridor
Holding Ltd.
ii. ConocoPhillips (Grissik) Ltd. (“CPGL”) telah ii. ConocoPhillips (Grissik) Ltd. (“CPGL”) has
berubah nama menjadi Medco E&P Grissik changed its registered company name to
Ltd. Medco E&P Grissik Ltd.
Dari tanggal akuisisi hingga tanggal 31 From the date of acquisition until December 31,
Desember 2022, Corridor telah berkontribusi 2022, Corridor contributed US$773.5 million of
sebesar AS$773,5 juta atas penjualan dan sales and other operating revenues and
pendapatan usaha lainnya dan AS$452,8 juta US$452.8 million to profit before income tax
pada laba sebelum pajak penghasilan dari expense from continuing operations of the
operasi yang dilanjutkan Grup. Group.
2023 Annual Report PT Medco Energi Internasional Tbk 437
279
Page 440
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN COMMITMENTS
a. Perjanjian Pasokan Gas (“GSA”) a. Gas Supply Agreements (“GSA”)
Perusahaan/ Tanggal Perjanjian/ Komitmen/ Periode Kontrak/
Entity Agreement Date Commitment Contract Period
PT Medco E & P Indonesia
PT Perusahaan Gas Efektif sejak tanggal 8 Komitmen untuk memasok gas dengan 27 November 2033 atau berakhirnya
Negara Tbk (“PGN”) – September 2020 berdasarkan perkiraan total jumlah kontrak sebesar produksi gas di Blok South Sumatera,
City Gas Palembang Perjanjian Jual Beli Gas 1.931,60 MMSCF/ mana yang terjadi lebih dahulu/
tanggal 15 Maret 2022/ Commitment to supply gas of with November 27, 2033 or until end of the
Effective since September 8, indicative total contract quantity of production South Sumatera Block,
2020 through Gas Sales 1,931.60 MMSCF. whichever occurs first.
Purchase Agreement dated
March 15, 2022
PT MEPPO-GEN – Blok 13 November 2018; terakhir Komitmen untuk memasok gas (joint 31 Desember 2027 atau sampai
South Sumatera & diubah pada tanggal 17 contract dengan PT Medco E & P terpenuhinya total jumlah kontrak, yang
Lematang Oktober 2019/ Lematang (“MEPL”)) dengan total mana terjadi lebih dahulu/
November 13, 2018; last jumlah kontrak sebesar 27.330,90 December 31, 2027 or until total
amendment dated October 17, BBTU dari South Sumatera PSC (Total contract quantity has been fully
2019 jumlah kontrak joint supply sebesar supplied, whichever occurs first.
40.136,20 BBTU)/
Commitment to supply gas (joint
contract with PT Medco E & P
Lematang (“MEPL”)) with total contract
quantity of 27,330.90 BBTU from South
Sumatera PSC (Total joint supply
contract quantity 40,136.20 BBTU).
Perusahaan Daerah 4 Agustus 2009; diubah Komitmen untuk memasok gas dengan 31 Desember 2027 dari tanggal dimulai
Mura Energi terakhir tanggal 25 Maret 2022/ jumlah kontrak 6.039 BBTU/ atau sampai terpenuhinya jumlah
August 4, 2009; last Commitment to supply gas with total kontrak, mana yang terjadi lebih dahulu/
amendment dated March 25, contract of 6,039 BBTU. December 31, 2027 since the start date
2022 or until total contract quantity has been
fully supplied, whichever occurs first.
PT Mitra Energi Buana 24 Juli 2006; diubah terakhir Komitmen untuk memasok gas dengan 31 Desember 2027 atau sampai
tanggal 24 Desember 2021/ jumlah kontrak 26.172 BBTU/ terpenuhinya total jumlah kontrak, yang
July 24, 2006; last amendment Commitment to supply gas with total mana terjadi lebih dahulu/
dated December 24, 2021 gas contract quantity of 26,172 BBTU. December 31, 2027 or until total
contract quantity has been fully
supplied, whichever occurs first.
PT Perusahan Gas 4 Mei 2018/ Komitmen untuk memasok gas untuk 20 Juli 2027 atau sampai dengan
Negara (Persero) Tbk – May 4, 2018 memenuhi kebutuhan gas rumah berakhirnya produksi gas bumi dari
City Gas Muba tangga di Kabupaten Musi Banyuasin wilayah kerja, yang mana terjadi lebih
dengan total jumlah kontrak sebesar dahulu/
871 BBTU/ July 20, 2027 or until the end of
Commitment to supply gas to meet the production of gas from contract area,
needs of households in Kabupaten whichever occurs first.
Musi Banyuasin with total contract
quantity of 871 BBTU.
PT Sumsel Energi 4 Agustus 2009; diubah Komitmen untuk memasok dan menjual 7 Februari 2023 atau sampai
Gemilang (Perseroda) terakhir tanggal 4 Juli 2019/ gas dengan total jumlah kontrak terpenuhinya total jumlah kontrak, yang
August 4, 2009; last 1.606,50 BBTU/ mana terjadi lebih dahulu/
amendment dated July 4, 2019 Commitment to supply and sell gas with February 7, 2023 or until such quantity
total contract quantity of 1,606.50 has been fully supplied, whichever
BBTU. occurs first.
PT Pertamina (Persero) Efektif tanggal 30 Januari 2018 Komitmen untuk memasok gas dengan 20 Juli 2027 atau sampai dengan
- City Gas Muara Enim melalui Kesepakatan Bersama; total jumlah kontrak sebesar 855,25 berakhirnya produksi gas bumi dari
diubah terakhir melalui MMSCF/ wilayah kerja, yang mana terjadi lebih
Perjanjian Jual Beli Gas Commitment to supply gas with total dahulu/
tanggal 15 November 2019/ contract quantity of 855.25 MMSCF. July 20, 2027 or until the end of
Effective since January 30, production of gas from contract area,
2018 through Mutual whichever occurs first.
Agreement; last amendment
through Gas Sales Purchase
Agreement dated November
15, 2019
438 PT Medco Energi Internasional Tbk 2023 Annual Report
280
Page 441
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
a. Perjanjian Pasokan Gas (“GSA”) (lanjutan) a. Gas Supply Agreements (“GSA”) (continued)
Perusahaan/ Tanggal Perjanjian/ Komitmen/ Periode Kontrak/
Entity Agreement Date Commitment Contract Period
PT Medco E & P Indonesia (lanjutan/continued)
PT Perusahaan Listrik 19 September 2017/ Komitmen untuk memasok dan menjual 31 Januari 2027 atau sampai
Negara (Persero) - Blok September 19, 2017 gas (joint supply dengan MEPL) terpenuhinya jumlah kontrak
South Sumatera & dengan jumlah kontrak sebanyak penyerahan gas, yang mana yang
Lematang 50.932,8 BBTU (Jumlah kontrak joint terjadi lebih dahulu/
supply sebesar 70.260 BBTU)/ January 31, 2027 or until such quantity
Commitment to supply and sell gas has been fully supplied, whichever
(joint supply with MEPL) with total occurs first.
contract quantity of 50,932.8 BBTU
(Total joint supply contract quantity
70,260 BBTU).
PT Pupuk Sriwidjaja PJBG 1 Desember 2021; Komitmen untuk memasok gas dengan 27 November 2033 atau sampai seluruh
Palembang - Blok South perubahan terakhir melalui jumlah kontrak 45.225 BBTU/ jumlah yang disepakati telah dipasok,
Sumatera Amandemen tanggal Commitment to supply gas with total yang mana terjadi lebih dahulu/
25 November 2022/ gas contract quantity of 45,225 BBTU. November 27, 2033 or until such
GSA December 1, 2021; last quantity has been fully supplied,
amendment Amendment dated whichever occurs first.
November 25, 2022
PT Pupuk Sriwidjaja PJBG 20 September 2023/ Komitmen untuk memasok dan menjual 27 November 2033 atau sampai
Palembang - Blok South GSA September 20, 2023 gas (joint supply dengan MEPL) terpenuhinya jumlah kontrak
Sumatera & Lematang dengan jumlah kontrak sebanyak penyerahan gas dari MEPI, yang mana
31.150 BBTU (Jumlah kontrak joint yang terjadi lebih dahulu/
supply sebesar 41.829 BBTU)/ November 27, 2033 or until such
Commitment to supply and sell gas quantity from MEPI has been fully
(joint supply with MEPL) with total supplied, whichever occurs first.
contract quantity of 31,150 BBTU (Total
joint supply contract quantity 41,829
BBTU).
PT Medco E & P Tarakan
PT PLN (Persero) - Blok PJBG 25 November 2022/ Komitmen untuk memasok gas dengan Sejak 1 Januari 2022 sampai dengan
Tarakan (MEPI sebagai GSA November 25, 2022 jumlah kontrak 4.367,70 BBTU/ 31 Desember 2025 atau sampai
Penjual untuk periode Commitment to supply gas with total terpenuhinya jumlah kontrak
sejak 1 Januari 2022 gas contract quantity of 4,367.70 penyerahan gas, yang mana yang
sampai dengan 13 BBTU. terjadi lebih dahulu/
Januari 2022 & MEPT Since January 1, 2022 until December
sebagai Penjual untuk 31, 2025 or until such quantity has been
periode sejak 14 Januari fully supplied, whichever occurs first.
2022 sampai dengan
berakhirnya PJBG)/
(MEPI as Seller for
period from January 1,
2022 until January 13,
2022 & MEPT as Seller
from period January 14,
2022 until the end of
GSA)
PT Perusahaan Gas Efektif tanggal 14 Januari 2022 Komitmen untuk memasok gas dengan Sejak tanggal 14 Januari 2022 sampai
Negara Tbk melalui Kesepakatan Bersama jumlah kontrak 947,70 MMSCF/ dengan 7 September 2030 atau sampai
tanggal 22 Februari 2022/ Commitment to supply gas with total dengan berakhirnya produksi gas
Effective since January 14, gas contract quantity of 947.70 wIlayah kerja, mana yang terjadi lebih
2022 through Mutual MMSCF. dahulu/
Agreement dated February 22, Effective since January 14, 2022 until
2022 September 7, 2030 or until the end of
production of gas from contract area,
whichever occurs first
2023 Annual Report PT Medco Energi Internasional Tbk 439
281
Page 442
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
a. Perjanjian Pasokan Gas (“GSA”) (lanjutan) a. Gas Supply Agreements (“GSA”) (continued)
Perusahaan/ Tanggal Perjanjian/ Komitmen/ Periode Kontrak/
Entity Agreement Date Commitment Contract Period
PT Medco E & P Lematang
PT MEPPO-GEN - Blok 13 November 2018, diubah Komitmen untuk memasok gas 31 Desember 2027 atau sampai
South Sumatera & terakhir tanggal sebanyak 10,8-11,6 BBTUD (joint terpenuhinya total jumlah kontrak, yang
Lematang 17 Oktober 2019/ contract dengan PT Medco E & P mana terjadi lebih dahulu/
November 13, 2018, last Indonesia (MEPI)) dengan total jumlah December 31, 2027 or until total
amendment dated kontrak sebesar 12.805,3 BBTU contract quantity has been fully
October 17, 2019 (Jumlah kontrak joint supply sebesar supplied, whichever occurs first.
40.136,2 BBTU)/
Commitment to supply 10.8-11.6
BBTUD of gas (joint contract with PT
Medco E & P Indonesia (MEPI)) with
total contract quantity of 12,805.3
BBTU (Total joint supply contract
quantity 40,136.2 BBTU).
PT Perusahaan Listrik 21 Maret 2007, diubah terakhir Komitmen untuk memasok dan menjual 31 Januari 2027 atau sampai
Negara (Persero) - Blok berdasarkan PJBG tanggal 19 gas (joint supply dengan MEPI) dengan terpenuhinya jumlah kontrak
South Sumatera & September 2017/ jumlah kontrak sebanyak 19.327,2 penyerahan gas, yang mana terjadi
Lematang March 21, 2007, last BBTU (Jumlah kontrak joint supply lebih dahulu/
amendment as per GSA dated sebesar 70.260 BBTU)/ January 31, 2027 or until such quantity
September 19, 2017 Commitment to supply and sell gas has been fully supplied, whichever
(joint supply with MEPI) with total occurs first.
contract quantity of 19,327.2 BBTU
(Total joint supply contract quantity
70,260 BBTU).
PT Pupuk Sriwidjaja PJBG 20 September 2023/ Komitmen untuk memasok dan menjual 5 April 2027 atau sampai terpenuhinya
Palembang - Blok South GSA September 20, 2023 gas (joint supply dengan MEPI) dengan jumlah kontrak penyerahan gas dari
Sumatera & Lematang jumlah kontrak sebanyak 10.679 BBTU MEPI, yang mana yang terjadi lebih
(Jumlah kontrak joint supply sebesar dahulu/
41.829 BBTU)/ April 5, 2027 or until such quantity from
Commitment to supply and sell gas MEPI has been fully supplied,
(joint supply with MEPI) with total whichever occurs first.
contract quantity of 10,679 BBTU (Total
joint supply contract quantity 41,829
BBTU).
PT Medco E & P Malaka
PT Pertamina (Persero) 27 Januari 2015, diubah Komitmen untuk memasok gas dengan Sampai dengan terpenuhinya total
- Telah dinovasikan terakhir pada tanggal jumlah volume sebanyak 198 TBTU/ jumlah kontrak, atau gas tidak lagi
kepada PT Pertagas 2 Oktober 2020/ Commitment to supply gas with a total mempunyai nilai ekonomis, atau
Niaga/ January 27, 2015 last volume of 198 TBTU. berakhirnya PSC Blok A, mana yang
PT Pertamina (Persero) amendment dated lebih dahulu terjadi/
- Has been novated to October 2, 2020 Up to when the total amount of the
PT Pertagas Niaga contract has been fully supplied, or gas
no longer has an economic value, or the
expiration of Block A PSC, whichever
occurs first.
PT Medco E & P Tomori Sulawesi
PT Perusahaan Listrik 6 Februari 2018/ Komitmen untuk memasok gas untuk Pada saat total jumlah kontrak telah
Negara (Persero) February 6, 2018 memenuhi kebutuhan listrik di Sulawesi terpenuhi atau sampai dengan tanggal
Tengah dengan nilai kontrak 15,63 berakhirnya hak pengelolaan wilayah
TBTU/ kerja PSC Senoro-Toili, yang mana
Commitment to supply gas to fulfill the lebih dahulu terjadi/
electricity needs in Central Sulawesi When the total contract quantity has
with total contract commitment of 15.63 been fully supplied or until the
TBTU. expiration date of the right of utilization
of the contract area Senoro-Toili PSC,
whichever occurs first.
440 PT Medco Energi Internasional Tbk 2023 Annual Report
282
Page 443
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
a. Perjanjian Pasokan Gas (“GSA”) (lanjutan) a. Gas Supply Agreements (“GSA”) (continued)
Perusahaan/ Tanggal Perjanjian/ Komitmen/ Periode Kontrak/
Entity Agreement Date Commitment Contract Period
PT Medco E & P Tomori Sulawesi (lanjutan/continued)
PT Panca Amara Utama 13 Maret 2014; diubah terakhir Komitmen untuk memasok gas Pada saat total jumlah kontrak telah
tanggal 11 Januari 2018/ sebanyak 248.200 MMSCF/ terpenuhi atau sampai dengan tanggal
March 13, 2014; last Commitment to supply 248,200 berakhirnya hak pengelolaan wilayah
amendment dated MMSCF of gas. kerja PSC Senoro-Toili, yang mana
January 11, 2018 lebih dahulu terjadi/
When the total contract quantity has
been fully supplied or until the
expiration date of the right of utilization
of the contract area Senoro-Toili PSC,
whichever occurs first.
PT Donggi Senoro LNG 22 Januari 2009; diubah Komitmen untuk memasok gas 15 tahun setelah tanggal operasi
terakhir pada tanggal sebanyak 277,8 BBTU dengan total komersial dari LNG Plant, atau saat
19 Agustus 2021/ contract 1.417,775 TBTU jumlah kontrak terpenuhi atau pada
January 22, 2009; last Commitment to supply 277.8 BBTU of saat berakhirnya PSC Senoro-Toili,
amendment on gas with total contract Quantity of yang mana terjadi lebih dahulu/
August 19, 2021 1,417.775 TBTU. 15 years from the LNG Plant
commercial operation date, or when
such quantity in the agreement has
been fully supplied or until the
termination of the Senoro-Toili PSC,
whichever occurs first.
PT Medco E & P Simenggaris
PT Kayan LNG 20 Mei 2020/ Komitmen untuk memasok gas Jumlah Sampai dengan tanggal berakhirnya
Nusantara May 20, 2020 Total Kontrak (“JTK”) sebanyak 47.091 hak pengelolaan wilayah kerja yaitu
MMSCF/ 23 Februari 2028 atau sampai
Commitment to supply gas with Total terpenuhinya TJK/
Contract Quantity (“TCQ”) of 47,091 Until the end of PSC term which is
MMSCF. February 23, 2028 or until the TCQ is
fulfilled.
PT Perusahaan Listrik 6 Februari 2018/ Komitmen untuk memasok 8 BBTU gas Pada saat terpenuhinya total jumlah
Negara (Persero) February 6, 2018 dengan nilai kontrak 21,6 BCF/ kontrak atau sampai dengan
Commitment to supply 8 BBTU of gas berakhirnya hak pengelolaan wilayah
with total contract value of 21.6 BCF. kerja yaitu tanggal 23 Februari 2028,
mana yang terjadi terlebih dahulu/
At the time when total contract quantity
in the agreement has been fully
supplied or until the expiration of the
right of utilization of the contract area,
February 23, 2028, whichever occurs
first.
PT Perusahaan Listrik 17 Oktober 2014; terakhir Komitmen untuk memasok gas dengan 5 tahun sejak 30 November 2020 (yang
Negara (Persero) diubah melalui amandemen total nilai kontrak 805 MMSCF/ akan dituangkan dalam Amandemen
pada tanggal 30 Juni Commitment to supply gas with total PJBG) atau sampai dengan
2022/ contract value of 805 MMSCF. terpenuhinya jumlah kontrak, mana
October 17, 2014; last yang lebih dahulu terjadi/
amended on June 30, 2022 5 years since November 30, 2020
(which will be made through GSA
Amendment) or until the fulfillment of
the total amount of the contract,
whichever occurs first.
2023 Annual Report PT Medco Energi Internasional Tbk 441
283
Page 444
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
a. Perjanjian Pasokan Gas (“GSA”) (lanjutan) a. Gas Supply Agreements (“GSA”) (continued)
Perusahaan/ Tanggal Perjanjian/ Komitmen/ Periode Kontrak/
Entity Agreement Date Commitment Contract Period
Medco E&P Natuna Ltd.
PT Pertamina (Persero) 15 Januari 1999/ Bersama dalam Kelompok Pemasok 27 tahun sejak tanggal dimulai atau
January 15, 1999 WNG berkomitmen untuk memasok sampai terpenuhinya jumlah kontrak,
gas kepada PT Pertamina (Persero) yang mana lebih dahulu terjadi/
untuk SembCorp Gas Pte. Ltd. dengan 27 years from the start date or until the
total kontrak sebanyak 2.888 TBTU fulfillment of the total amount of the
(termasuk Tail Gas 262,5 TBTU)/ contract has been fully supplied,
Together as WNG Supply Group whichever occurs first.
commits to supply gas to PT Pertamina
(Persero) to SembCorp Gas Pte. Ltd.
with total contract quantity of 2,888
TBTU (including Tail Gas 262.5 TBTU).
SembCorp Gas Pte. Ltd. 5 Juni 2023/ Komitmen untuk memasok gas dari Hingga 15 Oktober 2028/
June 5, 2023 Wilayah Kerja South Natuna Sea Blok Until October 15, 2028.
B dengan Total Jumlah Kontrak
sebesar 105 TBTU/
The commitment to supply gas from
South Natuna Sea Block B Working
Area with Total Contract Quantity of
105 TBTU.
Medco Energi Sampang Pty. Ltd.
PT Indonesia Power 19 Juli 2003; diubah terakhir Komitmen untuk memasok seluruh gas Hingga 3 Desember 2027 dan dapat
(“IP”) melalui Amendemen Kedua dari Lapangan Oyong, Wortel dan Paus diperpanjang sampai 31 Desember
Kesepakatan Bersama tanggal Biru dengan indikasi Jumlah Total 2031 (tunduk pada persetujuan
1 November 2023/ Kontrak (JTK) 41 TBTU (2022-2027) perpanjangan KKKS Sampang dari
July 19, 2003; last amended dan 29 TBTU (2027-2031)/ Pemerintah)/
through Second Amendment of The commitment to supply gas from Until December 3, 2027 and can be
Mutual Agreement dated Oyong, Wortel and Paus Biru Field with extended until December 31, 2031
November 1, 2023 an indication of Total Contract Quantity (subject to Government approval on
(TCQ) of 41 TBTU (2022-2027) and 29 Sampang PSC Extension).
TBTU (2027-2031).
Medco Energi Madura Offshore Pty. Ltd.
PT Perusahaan Gas 31 Mei 2005; diubah terakhir Komitmen untuk memasok seluruh gas Hingga 3 Desember 2027/
Negara (Persero) Tbk melalui Kesepakatan Bersama dari Lapangan Maleo dan Peluang Until December 3, 2027.
(“PGN”) tanggal 31 Agustus 2023/ dengan indikasi Jumlah Total Kontrak
May 31, 2005; last amendment (JTK) 8 TBTU/
through Mutual Agreement The commitment to supply gas from the
dated August 31, 2023 Maleo and Peluang Field with an
indication of Total Contract Quantity
(TCQ) of 8 TBTU.
PT Perusahaan Gas 19 Februari 2019; diubah Komitmen untuk memasok gas dari Hingga 3 Desember 2027/
Negara (Persero) Tbk terakhir melalui Kesepakatan Lapangan Meliwis dengan indikasi Until December 3, 2027.
(“PGN”) Bersama tanggal Jumlah Total Kontrak (JTK) 28,3 TBTU/
31 Agustus 2023/ The commitment to supply gas from the
February 19, 2019; last Meliwis Field with an indication of Total
amendment through Mutual Contract Quantity (TCQ) of 28.3 TBTU.
Agreement dated
August 31, 2023
442 PT Medco Energi Internasional Tbk 2023 Annual Report
284
Page 445
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
a. Perjanjian Pasokan Gas (“GSA”) (lanjutan) a. Gas Supply Agreements (“GSA”) (continued)
Perusahaan/ Tanggal Perjanjian/ Komitmen/ Periode Kontrak/
Entity Agreement Date Commitment Contract Period
Medco Energi Madura Offshore Pty. Ltd. (lanjutan/continued)
PT Sarana Cepu Energi 1 Januari 2024/ Komitmen untuk memasok gas dari Hingga 31 Desember 2024/
("SCE") January 1, 2024 Wilayah Kerja Madura Offshore dengan Until December 31, 2024.
indikasi maksimum kontrak
keseluruhan 3,62 TBTU/
The commitment to supply gas from
Madura Offshore Contract Area with an
indication of total contract maximum of
3.62 TBTU.
Medco Energi Bangkanai Limited
PT Perusahaan Listrik 28 Juni 2011; diubah terakhir Komitmen untuk memasok gas dari Hingga kontrak PSC berakhir,
Negara (Persero) melalui Kesepakatan Bersama Lapangan Kerendan sampai perkiraan 29 Desember 2033 atau sampai
(“PLN”) tanggal 20 Desember 2019/ Jumlah Total Kontrak ("JTK") 130 perkiraan JMKK 130 TBTU, mana yang
June 28, 2011; last TBTU/ lebih dahulu terjadi/
amendment through Mutual The commitment to supply gas from the Until end of PSC contract,
Agreement dated Kerendan Field until Total Contract December 29, 2033 or MTCQ of 130
December 20, 2019 Quantity (“TCQ”) of 130 TBTU. TBTU is achieved, whichever occurs
first.
Medco E&P Grissik Ltd (“MEPG”)
Gas Supply Pte. Ltd. Berdasarkan Perjanjian Jual Bersama dalam Kelompok Pemasok Kontrak telah berakhir pada tanggal 11
(“GSPL”) Gas antara PT Pertamina South Sumatra sesuai dengan Gas Agustus 2023/
(Persero) dengan GSPL dan Supply Agreement, berkomitmen untuk Contract has expired on August 11,
Gas Supply Agreement antara memasok gas kepada PT Pertamina 2023.
Pertamina, Corridor PSC (Persero) untuk penjualan ke Gas
Group, South Jambi B PSC Supply Pte. Ltd. dengan total kontrak 20 tahun sejak tanggal dimulai atau
Group dan Jabung PSC sebanyak 2.380 TBTU/ sampai terpenuhinya jumlah kontrak,
Group, tanggal 12 Februari Together as South Sumatra Supply yang mana lebih dahulu terjadi.
2001, dengan tanggal dimulai Group as per Gas Supply Agreement, Berdasarkan akumulasi volume
pada tanggal 12 Agustus 2003/ commits to supply gas to PT Pertamina pengambilan aktual, periode kontrak
Based on Gas Sale Agreement (Persero) to Gas Supply Pte. Ltd. with diperkirakan kontrak berakhir di tahun
between PT Pertamina total contract quantity of 2,380 TBTU. ke-20 sejak tanggal dimulai, yaitu pada
(Persero) and GSPL and Gas tanggal 11 Agustus 2023/
Supply Agreement between 20 years from the start date or until the
Pertamina, Corridor PSC fulfillment of the total amount of the
Group, South Jambi B PSC contract has been fully supplied,
Group and Jabung PSC whichever occurs first. Based on
Group, dated accumulated actual offtakes, contract
February 12, 2001 with the period is estimated to end on the 20th
start date dated years from start date, which is
August 12, 2003 August 11, 2023.
Gas Supply Pte. Ltd. 21 November 2022/ Dengan PJBG ini, pengaliran pasokan Periode pasokan sampai dengan
(“GSPL”) November 21, 2022 gas dari WK Corridor telah dimulai 31 Desember 2028 atau pada saat
pada tanggal 11 Agustus 2023 dan terpenuhinya jumlah kontrak, yang
jumlah kontrak bagian Corridor adalah mana yang terjadi lebih dulu/
sebesar 241,46 TBTU/ Supply period until December 31, 2028
With this GSA the flow of gas supply or upon fulfillment of the number of
from WK Corridor has started on contracts, whichever occurs first.
August 11, 2023 and the contract
volume for Corridor is 241.46 TBTU.
PT Perusahaan Gas Perjanjian Jual Beli Gas Komitmen untuk memasok gas untuk Kontrak telah berakhir pada tanggal 30
Negara Tbk – (“PGN”) tanggal 9 Agustus 2007 dan memenuhi kebutuhan gas terutama di September 2023/
West Java terakhir diubah melalui wilayah Jawa Barat dengan dengan Contract has expired on
Amandemen Keempat tanggal jumlah kontrak sebanyak 2.310 TBTU/ September 30, 2023.
30 November 2017/ Commitment to supply gas to fulfill gas
Gas Sale and Purchase demand mainly within West Java area
Agreement dated with total contract quantity of 2,310
August 9, 2007 and lastly TBTU.
amended through the Fourth
Amendment dated
November 30, 2017
2023 Annual Report PT Medco Energi Internasional Tbk 443
285
Page 446
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
a. Perjanjian Pasokan Gas (“GSA”) (lanjutan) a. Gas Supply Agreements (“GSA”) (continued)
Perusahaan/ Tanggal Perjanjian/ Komitmen/ Periode Kontrak/
Entity Agreement Date Commitment Contract Period
Medco E&P Grissik Ltd (“MEPG”) (lanjutan/continued)
PT Perusahaan Gas Perjanjian Jual Beli Gas Komitmen untuk memasok gas untuk Kontrak telah berakhir pada tanggal 19
Negara Tbk – (“PGN”) tanggal 12 November 2018 kebutuhan pemenuhan kelistrikan dari Desember 2023/
Batam 3 dan terakhir diubah melalui PLN Batam kontrak sebesar 49 TBTU/ Contract has expired on
Amandemen tanggal Commitment to supply gas for PLN December 19, 2023.
25 Juli 2019/ Batam electricity with the contract
Gas Sale and Purchase quantity of 49 TBTU.
Agreement dated
November 12, 2018 and lastly
amended through an
Amendment dated
July 25, 2019
PT Perusahaan Gas Perjanjian Jual Beli Gas Komitmen untuk memasok gas untuk Kontrak telah berakhir pada tanggal 19
Negara Tbk – (“PGN”) tanggal 3 November 2017 dan pemenuhan kebutuhan refinery unit, Desember 2023/
RU Dumai terakhir diubah melalui sektor industri dan kelistrikan di Contract has expired on
Amandemen Ketiga tanggal Sumatera Bagian Tengah, Kepulauan December 19, 2023.
19 December 2023/ Riau, Sumatera Selatan dan Jawa
Gas Sale and Purchase Barat dengan jumlah kontrak sebesar
Agreement dated 65 TBTU/
November 3, 2017 and lastly Commitment to supply gas for refinery
amended through the Third units, industrial and electricity sectors in
Amendment dated Central Sumatera, Riau Islands, South
December 19, 2023 Sumatera and West Java with the
contract quantity of 65 TBTU.
PT Perusahaan Gas Perjanjian Jual Beli Gas Komitmen untuk memasok sektor Kontrak telah berakhir pada tanggal 19
Negara Tbk – (“PGN”) tanggal 17 Mei 2017 dan industri dan kelistrikan di Sumatera Desember 2023/
Dumai terakhir diubah melalui Bagian Tengah, Kepulauan Riau, Contract has expired on
Amandemen Kedua tanggal Sumatera Selatan dan Jawa Barat December 19, 2023.
1 Januari 2022/ dengan jumlah kontrak sebesar 57
Gas Sale and Purchase TBTU/
Agreement dated Commitment to supply gas for industrial
May 17, 2017 and lastly and electricity sectors in Central
amended through the Second Sumatera, Riau Islands, South
Amendment dated Sumatera and West Java with the
January 1, 2022 contract quantity of 57 TBTU.
PT Perusahaan Gas Perjanjian Jual Beli Gas Komitmen untuk memasok kebutuhan Sampai dengan 31 Desember 2028
Negara Tbk – (“PGN”) tanggal 14 Oktober 2021 dan gas untuk penyediaan Bahan Bakar atau sampai dengan terpenuhinya total
BBG Jargas terakhir diubah melalui Gas untuk Transportasi Jalan dan untuk jumlah kontrak, yang mana terjadi lebih
Amandemen Kedua tanggal kebutuhan Jaringan Gas Rumah dahulu/
2 Februari 2023/ Tangga dan Pelanggan Kecil di wilayah Until December 31, 2028 or until the
Gas Sales and Purchase Kab. Musi Banyuasin, Kab. Banyuasin, total contract quantity has been fully
Agreement dated Kota Lampung, Kab. Siak, Kab. OKU supplied, whichever occurs first.
October 14, 2021 and lastly Timur dan Kab. Serang dengan jumlah
amended through the Second kontrak sebesar 14 TBTU/
Amendment dated Commitment to supply Gas Fuel for
February 2, 2023. Road Transportation and for Household
Gas Networks and Small Customers for
Musi Banyuasin Regency, Banyuasin
Regency, Lampung City, Siak Regency,
OKU Timur Regency and Serang
Regency with the contract quantity of
14 TBTU.
PT Perusahaan Gas Perjanjian Jual Beli Gas Komitmen pasokan gas untuk sektor Kontrak telah berakhir pada tanggal 30
Negara Tbk – (“PGN”) tanggal 31 Mei 2010 dan industri di Sumatera Bagian Tengah Mei 2023, sehubungan dengan
ARGSPA terakhir diubah melalui dengan jumlah kontrak sebesar 34 terpenuhinya total jumlah kontrak/
Amandemen tanggal TBTU / Contract has expired on May 30, 2023
30 Mei 2015/ Commitment to supply the industrial due to the contract quantity has been
Gas Sale and Purchase sector in Central Sumatera with a fully supplied.
Agreement dated May 31, contract quantity of 34 TBTU.
2010 and lastly amended
through an Amendment dated
May 30, 2015
444 PT Medco Energi Internasional Tbk 2023 Annual Report
286
Page 447
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
a. Perjanjian Pasokan Gas (“GSA”) (lanjutan) a. Gas Supply Agreements (“GSA”) (continued)
Perusahaan/ Tanggal Perjanjian/ Komitmen/ Periode Kontrak/
Entity Agreement Date Commitment Contract Period
Medco E&P Grissik Ltd (“MEPG”) (lanjutan/continued)
PT Perusahaan Gas Perjanjian Jual Beli Gas Komitmen untuk memasok sektor Sampai dengan 31 Desember 2028
Negara Tbk tanggal 19 Desember 2023/ industri dan kelistrikan di Sumatera atau sampai dengan terpenuhinya total
Gas Sale and Purchase Bagian Tengah, Kepulauan Riau, jumlah kontrak, yang mana terjadi lebih
Agreement date December 19, Sumatera Selatan dan Jawa Barat dahulu/
2023 dengan jumlah kontrak sebesar 482,3 Until December 31, 2028 or until the
TBTU/ total contract quantity has been fully
Commitment to supply gas for industrial supplied, whichever occurs first.
and electricity sectors in Central
Sumatera, Riau Islands, South
Sumatera and West Java with the
contract quantity of 482.3 TBTU.
Pertamina Hulu Rokan Perjanjian Jual beli Gas Komitmen untuk memasok gas untuk Sampai dengan 31 Desember 2026
tanggal 31 Mei 2010; terakhir memenuhi kebutuhan gas wilayah kerja atau sampai dengan jumlah agregat
diubah melalui Amandemen Rokan dengan jumlah kontrak Gas yang dikirimkan berdasarkan
tanggal 30 Mei 2015/ sebanyak 133,1 TBTU/ Perjanjian setara dengan Jumlah
Gas Sale and Purchase Commitment to supply gas to Rokan Kontrak, yang mana terjadi lebih
Agreement dated May 31, Block with total contract quantity of dahulu/
2010 and lastly amended 133.1 TBTU. Until December 31, 2026 or until the
through an Amendment dated aggregate quantity of Gas delivered
May 30, 2015 under the Agreement equals the
Contract Quantity, whichever occurs
first.
Energasindo Heksa Berdasarkan Perjanjian Jual Komitmen untuk memasok gas untuk Sampai dengan 31 Desember 2033
Karya ("EHK") Beli Gas tanggal memenuhi kebutuhan gas di Wilayah atau sampai dengan jumlah agregat
30 Oktober 2007; terakhir Sumatera dengan jumlah kontrak Gas yang dikirimkan berdasarkan
diubah melalui Amandemen sebanyak 265 TBTU/ Perjanjian setara dengan Jumlah
Ketujuh Perjanjian Jual Beli Commitment to supply gas in Sumatera Kontrak, yang mana terjadi lebih
Gas tanggal 19 Desember area with total contract quantity of 265 dahulu/
2023/ TBTU. Until December 31, 2033 or until the
Based on Gas Sales and aggregate quantity of Gas delivered
Purchase Agreement dated under the Agreement equals the
October 30, 2007; last Contract Quantity, whichever occurs
amended through Seventh first.
Amendment of Gas Sales and
Purchase Agreement dated
December 19, 2023
PT Perusahaan Listrik Berdasarkan Perjanjian Jual Komitmen untuk memasok gas untuk Sampai dengan 31 Desember 2028
Negara (Persero) Beli Gas tanggal 4 Mei 2015; memenuhi kebutuhan gas sektor atau sampai dengan jumlah agregat
(“PLN”) terakhir diubah melalui kelistrikan dengan jumlah kontrak Gas yang dikirimkan berdasarkan
Amandemen Keempat sebanyak 79 TBTU/ Perjanjian setara dengan Jumlah
Perjanjian Jual Beli Gas Commitment to supply gas for Kontrak, yang mana terjadi lebih
tanggal electricity sector with total contract dahulu/
19 Desember 2023/ quantity of 79 TBTU. Until December 31, 2028 or until the
Based on Gas Sales and aggregate quantity of Gas delivered
Purchase Agreement dated under the Agreement equals the
May 4, 2015; last amended Contract Quantity, whichever occurs
through Fourth Amendment of first.
Gas Sales and Purchase
Agreement dated
December 19, 2023
PT Pupuk Sriwidjaja Berdasarkan Perjanjian Jual Komitmen untuk memasok gas untuk Sampai dengan 31 Desember 2028
Beli Gas tanggal 25 Mei 2016; memenuhi kebutuhan gas pabrik pupuk atau sampai dengan jumlah agregat
terakhir diubah melalui di wilayah Sumatera Selatan dengan Gas yang dikirimkan berdasarkan
Amandemen Ketiga Perjanjian jumlah kontrak sebanyak 251,4 TBTU/ Perjanjian setara dengan Jumlah
Jual Beli Gas tanggal 20 Commitment to supply gas for fertilizer Kontrak, yang mana terjadi lebih
Desember 2023/ plant in South Sumatera area with total dahulu/
Based on Gas Sales and contract quantity of 251.4 TBTU. Until December 31, 2028 or until the
Purchase Agreement dated aggregate quantity of Gas delivered
May 25, 2016; last amended under the Agreement equals the
through Third Amendment of Contract Quantity, whichever occurs
Gas Sales and Purchase first.
Agreement dated
December 20, 2023
2023 Annual Report PT Medco Energi Internasional Tbk 445
287
Page 448
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
b. Perjanjian Bidang Usaha Listrik b. Power Business Activities Agreements
i. Perjanjian Pembelian Tenaga Listrik dan i. Power Purchase and Transfer Agreements
Pengalihan
Perusahaan/ Tanggal Perjanjian/ Komitmen/ Periode Kontrak/
Entity Agreement Date Commitment Contract Period
PT Bio Jatropha Indonesia ("BJI")
PT PLN (Persero) Unit 1 Februari 2012; terakhir BJI mengoperasikan pembangkit listrik 15 tahun setelah Tanggal Operasi
Induk Distribusi Jawa diubah pada tanggal tenaga mini-hidro 3x3 MW pada aliran Komersial (COD)/
Barat ("PLNDJB") 28 Agustus 2017/ Sungai Cibalapulang, yang berlokasi di 15 years after Commercial
February 1, 2012; last Cianjur, Jawa Barat/ Operating Date (COD).
amendment dated BJI operates a 3x3 MW mini-hydro
August 28, 2017 power plant on the flow of Cibalapulang
River, located in Cianjur, West Java.
PT Energi Listrik Batam ("ELB")
PT Pelayanan Listrik 15 Oktober 2012; terakhir ELB mengoperasikan pembangkit listrik 20 tahun dari :
Nasional Batam diubah pada tanggal 2x35 MW. PLN Batam memiliki opsi 1. Unit 2 : 6 Januari 2016;
16 Oktober 2017/ untuk membeli kepemilikan dan 2. Unit 1 : 14 Mei 2016
October 15, 2012; last kepentingan ELB dalam proyek (sampai dengan tanggal 5 Januari
amendment dated tersebut selama masa Perjanjian 2036 & 15 Mei 2036)/
October 16, 2017 Pembelian Tenaga Listrik/ 20 years from :
ELB operates 2x35 MW power plant. 1. Unit 2 : January 6,
PLN Batam has the option to purchase 2016;
ELB’s ownership and interest in the 2. Unit 1 : May 14, 2016
project anytime during the term of the (until January 5, 2036 &
Power Purchase Agreement. May 15, 2036).
PT Pelayanan Listrik 21 Juli 2023; efektif per 10 Pada tanggal 21 Juli 2023, ELB N/A
Nasional Batam Agustus 2023/ menandatangani Amandemen keempat
July 21, 2023; effective as of untuk Perjanjian Pembelian Listrik
August 10, 2023 dengan PT Pelayanan Listrik Nasional
Batam terkait dengan penjualan,
pembelian, operasi dan
mempertahankan Steam Turbine
dengan kapasitas 39MW. Perjanjian
tersebut berlaku efektif sejak tanggal 10
Agustus 2023/
On July 21, 2023, PT Energi Listrik
Batam ("ELB") signed the Fourth
Amendment of Power Purchase
Agreement with PT Pelayanan Listrik
Nasional Batam regarding the sales,
purchases, operates and maintains
Steam Turbine with capacity 39MW.
The agreement has been effective as of
August 10, 2023.
PT Inti Karya Persada 21 Juli 2023; efektif per Pada tanggal 21 Juli 2023, ELB N/A
Tehnik Batam (IKPT 3 Agustus 2023/ menandatangani Engineering,
Batam) July 21, 2023; effective as of Procurement and Construction Contract
August 3, 2023 dengan PT Inti Karya Persada Tehnik
Batam (IKPT Batam) untuk
pelaksanaan pekerjaan teknis,
pengadaan dan konstruksi Steam
Turbine Generator berkapasitas 39 MW
di PLTG Tanjung Uncang Batam milik
ELB. Perjanjian tersebut berlaku efektif
sejak tanggal 3 Agustus 2023/
On July 21, 2023, ELB signed an
Engineering, Procurement and
Construction Contract with PT Inti
Karya Persada Tehnik Batam (IKPT
Batam) regarding the engineering,
procurement and construction of Steam
Turbine Generator with capacity 39MW
in PLTG Tanjung Uncang owned by
ELB. The agreement has been effective
as of August 3, 2023.
446 PT Medco Energi Internasional Tbk 2023 Annual Report
288
Page 449
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
b. Perjanjian Bidang Usaha Listrik (lanjutan) b. Power Business Activities Agreements
(continued)
i. Perjanjian Pembelian Tenaga Listrik dan i. Power Purchase and Transfer Agreements
Pengalihan (lanjutan) (continued)
Perusahaan/ Tanggal Perjanjian/ Komitmen/ Periode Kontrak/
Entity Agreement Date Commitment Contract Period
PT Medco Cahaya Geothermal ("MCG")
PT Perusahaan Listrik 27 Februari 2013; terakhir MCG membangun, memiliki dan 30 tahun/
Negara (Persero) diubah pada tanggal mengoperasikan pembangkit listrik 30 years.
21 November 2019/ tenaga panas bumi 2x55 MW dengan
February 27, 2013; last kapasitas minimal 30 MW/
amendment dated MCG constructs, owns and operates a
November 21, 2019 2x55 MW geothermal power plant with
minimum capacity of 30 MW.
PT Pembangkitan Pusaka Parahiangan (“PPP”)
PT PLN (Persero) Unit 12 September 2013; terakhir PPP mengoperasikan pembangkit listrik 15 tahun setelah Tanggal Operasi
Induk Distribusi Jawa diubah pada tanggal tenaga mini-hidro 2x4,4 MW pada Komersial (COD)/
Barat ("PLNDJB") 29 Januari 2019/ aliran Sungai Cibuni, yang berlokasi di 15 years after Commercial
September 12, 2013; last Cianjur, Jawa Barat/ Operating Date (COD).
amendment dated PPP operates a 2x4.4 MW mini-hydro
January 29, 2019 power plant on the flow of Cibuni River,
located in Cianjur, West Java.
PT Nawakara Energi Sumpur ("NES")
PT PLN (Persero) Unit 11 September 2013; terakhir NES memiliki kontrak untuk 15 tahun setelah Tanggal Operasi
Induk Wilayah Sumatera diubah pada tanggal pembangunan dan pengoperasian Komersial (COD)/
Barat (“PLNWSB”) 14 Oktober 2022/ pembangkit listrik tenaga mini-hidro 15 years after Commercial
September 11, 2013; last 2x3,8 MW pada aliran Sungai Batang Operating Date (COD).
amendment on Sumpur, yang berlokasi di Pasaman
October 14, 2022 Barat, Sumatera Barat/
NES had contracts for constructing and
operating of 2x3.8 MW mini-hydro
power plant on the flow of Batang
Sumpur River which is located in West
Pasaman, West Sumatera.
PT Medco Ratch Power Riau (“MRPR”)
PT Perusahaan Listrik 7 April 2017; terakhir diubah MRPR mengoperasikan pembangkit 20 tahun setelah Tanggal Operasi
Negara (Persero) tanggal 20 Desember 2019/ listrik tenaga gas berkapasitas 275 Komersial (COD)/
April 7, 2017; last amendment MW/ 20 years after Commercial
dated December 20, 2019 MRPR operates 275 MW gas fired Operating Date (COD).
power plant.
2023 Annual Report PT Medco Energi Internasional Tbk 447
289
Page 450
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
b. Perjanjian Bidang Usaha Listrik (lanjutan) b. Power Business Activities Agreements
(continued)
i. Perjanjian Pembelian Tenaga Listrik dan i. Power Purchase and Transfer Agreements
Pengalihan (lanjutan) (continued)
Perusahaan/ Tanggal Perjanjian/ Komitmen/ Periode Kontrak/
Entity Agreement Date Commitment Contract Period
PT Dalle Energy Batam (“DEB”)
PT Pelayanan Listrik 20 Mei 2005; terakhir diubah DEB diharuskan untuk mendanai, 15 tahun dari 25 Maret 2010
Nasional Batam pada tanggal 27 Juli 2018/ membangun dan mengoperasikan 2 (sampai dengan 24 Maret 2025)/
May 20, 2005; last amendment unit Gas Turbin Generator dengan 15 years from March 25, 2010
dated July 27, 2018 Chiller (SCPP) serta Steam Turbine (until March 24, 2025).
Generator (CCPP)/
DEB is required to fund, operate and
maintain 2 units of Gas Turbine
Generator with Chiller (SCPP) and
Steam Turbine Generator (CCPP).
PT Mitra Energi Batam (“MEB”)
PT Pelayanan Listrik 29 April 2004; terakhir diubah MEB diharuskan untuk mendanai, 20 tahun dari 8 September 2014
Nasional Batam pada tanggal 27 Juli 2018/ mengoperasikan dan memelihara (sampai dengan
April 29, 2004; last amendment proyek 2 unit Gas Turbin Generator 7 September 2034)/
dated July 27, 2018 dengan Chiller (SCPP) serta Steam 20 years from September 8, 2014
Turbine Generator (CCPP). (until September 7, 2034).
Berdasarkan Perjanjian Pembelian
Tenaga Listrik, PLN Batam memiliki
pilihan untuk membeli proyek kapan
saja selama masa Perjanjian
Pembelian Tenaga Listrik sepanjang
MEB menyetujui/
MEB is required to fund, operate and
maintain 2 units of Gas Turbine
Generator with Chiller (SCPP) and
Ssteam Turbine Generator (CCPP).
Under the Power Purchase Agreement,
PLN Batam has the option to purchase
the project anytime during the term of
the Power Purchase Agreement if MEB
agrees.
PT Energi Prima Elektrika (“EPE”)
PT PLN (Persero) Unit 10 November 2004; terakhir Semua hak dan kewajiban PT PLN-E 20 tahun dengan perpanjangan
Induk Wilayah Sumatera diubah pada tanggal 7 Januari berdasarkan Perjanjian Pembelian tahunan atas persetujuan kedua
Selatan, Jambi dan 2022/ Tenaga Listrik yang ditandatangani belah pihak/
Bengkulu (“PT PLN November 10, 2004; last antara PT PLN-E dan PT PLN 20 years subject to annual
UIWS2JB”) amendment dated UIWS2JB dialihkan ke EPE. EPE extension upon approval by both
January 7, 2022 diharuskan mendanai, membangun dan parties.
mengoperasikan proyek Generator
Mesin Gas (“GMG”)/
All rights and obligations of PT PLN-E
under the Power Purchase Agreement
entered into between PT PLN-E and PT
PLN UIWS2JB were transferred to
EPE. EPE is required to fund, establish
and operate the Gas Engine Generator
(“GEG”).
448 PT Medco Energi Internasional Tbk 2023 Annual Report
290
Page 451
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
b. Perjanjian Bidang Usaha Listrik (lanjutan) b. Power Business Activities Agreements
(continued)
i. Perjanjian Pembelian Tenaga Listrik dan i. Power Purchase and Transfer Agreements
Pengalihan (lanjutan) (continued)
Perusahaan/ Tanggal Perjanjian/ Komitmen/ Periode Kontrak/
Entity Agreement Date Commitment Contract Period
PT Multidaya Prima Elektrindo (“MPE”)
PT PLN (Persero) Unit 1 Juni 2004; terakhir diubah Semua hak dan kewajiban PT PLN-E 20 tahun dengan perpanjangan
Induk Wilayah Sumatera tanggal 7 Januari 2022/ berdasarkan Perjanjian Pembelian tahunan atas persetujuan kedua
Selatan, June 1, 2004; last amendment Tenaga Listrik yang ditandatangani belah pihak/
Jambi dan Bengkulu dated January 7, 2022 antara PT PLN-E dan PT PLN 20 years subject to annual
(“PT PLN UIWS2JB”) UIWS2JB dialihkan ke MPE. MPE extension upon approval by both
diminta untuk mendanai, membangun parties.
dan mengoperasikan proyek Generator
Mesin Gas (“GMG”) dengan kapasitas
12 MW/
All rights and obligations of PT PLN-E
under the Power Purchase Agreement
entered into between PT PLN-E and PT
PLN UIWS2JB were transferred to
MPE. MPE is required to fund, establish
and operate the Gas Engine Generator
(“GEG”) with capacity of 12 MW.
PT Medcosolar Bali Timur (“MSBT”)
PT PLN (Persero) 24 Maret 2022/ MSBT telah menandatangani Perjanjian 20 tahun/
March 24, 2022 Jual Beli Tenaga Listrik (PJBTL) 20 years.
dengan PT PLN (Persero) untuk
pengoperasian Pembangkit Listrik
Tenaga Surya Fotovoltaik berkapasitas
25 MWp yang berlokasi di provinsi Bali
bagian Timur/
MSBT has entered into a Power
Purchase Agreement (PPA) with PT
PLN (Persero) for the operation of Solar
Photovoltaic Power Plant facility with an
installed capacity 25 MWp located at
Eastern Bali.
PT Medco Solar Bali Barat (“MSBB”)
PT PLN (Persero) 24 Maret 2022/ MSBB telah menandatangani 20 tahun/
March 24, 2022 Perjanjian Jual Beli Tenaga Listrik 20 years.
(PJBTL) dengan PT PLN (Persero)
untuk pengoperasian Pembangkit
Listrik Tenaga Surya Fotovoltaik
berkapasitas 25 MWp yang berlokasi di
Bali bagian Barat/
MSBB has entered into a Power
Purchase Agreement (PPA) with PT
PLN (Persero) for the operation of Solar
Photovoltaic Power Plant facility with an
installed capacity 25 MWp located at
Western Bali.
2023 Annual Report PT Medco Energi Internasional Tbk 449
291
Page 452
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
b. Perjanjian Bidang Usaha Listrik (lanjutan) b. Power Business Activities Agreements
(continued)
ii. Perjanjian Operasi dan Pemeliharaan ii. Operation and Maintenance Agreements
Perusahaan/ Tanggal Perjanjian/ Komitmen/ Periode Kontrak/
Entity Agreement Date Commitment Contract Period
PT TJB Power Services ("TJBPS")
PT Perusahaan Listrik 9 Juni 2005; terakhir diubah Konsorsium dari PT Medco Energi 24 tahun/
Negara (Persero) pada tanggal 28 Maret 2018/ Internasional Tbk-Fortum Service Oy 24 years.
June 9, 2005; last amendment (Medco Fortum) menandatangani
dated March 28, 2018 Operation & Maintenance Agreement
(O&M Agreement) dengan PLN. Medco
Fortum ditunjuk sebagai operator
pembangkit listrik tenaga batu bara
berkapasitas 2x660 MW. Pada tanggal
27 September 2005, Medco Fortum,
MPI dan PLN menandatangani
Amandemen Perjanjian No. 1 untuk
O&M Agreement dimana para pihak
sepakat untuk memasukkan MPI
sebagai salah satu pihak dalam O&M
Agreement dan sebagai operator awal
proyek sampai perusahaan yang
bertujuan khusus (“SPC”) untuk
mengoperasikan pembangkit listrik
tenaga tersebut didirikan. Pada tahun
2006, TJBPS didirikan sebagai SPC/
The Consortium of PT Medco Energi
Internasional Tbk-Fortum Service Oy
(Medco Fortum) signed an Operation &
Maintenance Agreement (O&M
Agreement) with PLN. Medco Fortum is
appointed as the operator of the 2x660
MW coal fired power station. On
September 27, 2005, Medco Fortum,
MPI and PLN entered into an
Agreement Amendment No. 1 for O&M
Agreement where the parties agreed to
include MPI as one of the parties to the
O&M Agreement and the initial operator
of the project until the special purpose
company (“SPC”) to operate the coal
fired power station is established. In
2006, TJBPS was established as the
SPC.
450 PT Medco Energi Internasional Tbk 2023 Annual Report
292
Page 453
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
b. Perjanjian Bidang Usaha Listrik (lanjutan) b. Power Business Activities Agreements
(continued)
ii. Perjanjian Operasi dan Pemeliharaan ii. Operation and Maintenance Agreements
(lanjutan) (continued)
Perusahaan/ Tanggal Perjanjian/ Komitmen/ Periode Kontrak/
Entity Agreement Date Commitment Contract Period
PT TJB Power Services (“TJBPS”) (lanjutan/continued)
Konsorsium Fortum 10 Juni 2005; terakhir diubah Penyedia MTS harus menyediakan jasa 5 tahun sejak amandemen
Service Oy dan Enprima tanggal 9 Agustus 2021/ manajemen dan dukungan teknis untuk perjanjian tanggal 9 Agustus 2021,
Oy, konsorsium yang June 10, 2005; last Proyek Tanjung Jati B dengan total kontrak diperpanjang hingga
didirikan berdasarkan amendment dated August 9, biaya mobilisasi sebesar AS$7.602.288 10 Agustus 2026/
hukum Finlandia 2021 dan biaya operasi sebesar 5 years since agreement
("Penyedia MTS"), AS$23.653.500 (biaya dasar) ditambah amendment dated August 9, 2021,
Medco-Fortum penyesuaian yang tercantum dalam contract was extended up to
(“Operator”), sebuah kontrak dan 25% biaya insentif tahunan August 10, 2026.
konsorsium yang yang disetujui oleh PLN. Pada tanggal
didirikan berdasarkan 9 Agustus 2021, PT TJB Power
hukum Indonesia/ Services dan Penyedia MTS
The Consortium of mengadakan amandemen atas
Fortum Service Oy and perjanjian MTS dimana kedua pihak
Enprima Oy, a setuju untuk memperpanjang perjanjian
consortium established untuk lima tahun ke depan mulai 11
under laws of Finland Agustus 2021 hingga 10 Agustus 2026.
(“MTS Providers”), Berdasarkan amandemen perjanjian,
Medco-Fortum Penyedia MTS akan tetap
(“Operator”), the menyediakan jasa manajemen dan
consortium established dukungan teknis untuk Perusahaan
under the laws of dengan total biaya operasional
Indonesia. minimum AS$7.440.000 (biaya dasar)
ditambah penyesuaian yang tercantum
dalam kontrak dan 20% dari biaya
insentif tahunan yang disetujui oleh
PLN/
MTS providers shall provide
management and technical support
services to Tanjung Jati B Project for
total mobilization fee of US$7,602,288
and operating fee of US$23,653,500
(base fee) plus adjustments as stated in
the contract and 25% of annual
incentive fee approved by PLN. On
August 9, 2021, PT TJB Power
Services and MTS Provider entered
into an amendment of MTS agreement
whereby both parties agreed to extend
the agreement for the next five years
starting August 11, 2021 until August
10, 2026. Under the amended
agreement, MTS Provider will continue
to provide management and technical
support services to the Company for a
total minimum operating fee of
US$7,440,000 (base fee) plus
adjustment stated in the contract and
20% of annual incentive fee approved
by PLN.
2023 Annual Report PT Medco Energi Internasional Tbk 451
293
Page 454
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
b. Perjanjian Bidang Usaha Listrik (lanjutan) b. Power Business Activities Agreements
(continued)
ii. Perjanjian Operasi dan Pemeliharaan ii. Operation and Maintenance Agreements
(lanjutan) (continued)
Perusahaan/ Tanggal Perjanjian/ Komitmen/ Periode Kontrak/
Entity Agreement Date Commitment Contract Period
PT Medco Geothermal Sarulla ("MGS")
Sarulla Operation Ltd 29 September 2016/ Perjanjian operasi dan pemeliharaan 6 tahun sejak 1 September 2018
("SOL") September 29, 2016 dengan SOL untuk Pembangkit Listrik atau tanggal operasi komersial
Tenaga Panas Bumi Sarulla/ Namora I Langit 2 (“NIL2”), mana
Operation and Maintenance agreement yang terjadi terlebih dahulu/
with SOL for Sarulla Geothermal Power 6 years from September 1, 2018 or
Facilities. commercial operation date of
Namora I Langit 2 (“NIL2”),
whichever occurs first.
PT Medcopower Solar Sumbawa ("MPSOS")
PT Amman Mineral Nusa 17 Maret 2020/ MPSOS setuju untuk menyewakan dan 20 tahun setelah Tanggal Operasi
Tenggara March 17, 2020 mengoperasikan pembangkit listrik Komersial (COD)/
Solar Fotovoltaik dengan kapasitas 20 years after Commercial
maksimum 20,6 MWac yang berlokasi Operating Date (COD).
di Sumbawa/
MPSOS agreed to lease and operate a
Solar Photovoltaic power plant with a
maximum capacity of 20.6 MWac
located in Sumbawa.
PT Medco Power Indonesia ("MPI")
Mitsui Oil Exploration 29 Juni 2023/ MPI setuju untuk membentuk suatu Perjanjian Konsorsium ini akan
Co., Ltd. June 29, 2023 konsorsium untuk melaksanakan berlaku sejak tanggal 29 Juni 2023
bersama kegiatan PSPE dan, sampai dengan waktu mana yang
bergantung pada keberhasilan terjadi terlebih dahulu; berlakunya
pengeboran eksplorasi. Para pihak Izin Panas Bumi untuk wilayah
akan memiliki dan mengembangkan kerja Bonjol diberikan dari
bersama Proyek Panas Bumi Bonjol, Kementerian Energi dan Sumber
yang berlokasi di Provinsi Sumatera Daya Mineral Indonesia
Barat, Indonesia. Para pihak ("Kementerian ESDM") atau
menyetujui Mitsui Oil Exploration Co., perjanjian diakhiri berdasarkan
Ltd. akan mendanai semua biaya kesepakatan bersama/
sampai dengan AS$5,6 juta dengan This Consortium Agreement will be
Anggaran Proyek Indikatif/ effective from June 29, 2023
MPI agreed to form a consortium to whichever occurs first; until
jointly carry out PSPE activities and, Geothermal permits for the Bonjol
contingently on the success of working area are granted from the
exploration drilling. The parties will Indonesian Ministry of Energy and
jointly own and develop the Bonjol Mineral Resources ("Ministry of
Geothermal Project, located in West Energy and Mineral Resources") or
Sumatra Province, Indonesia. The the agreement is terminated based
parties agree that Mitsui Oil Exploration on mutual agreement, which ever
Co., Ltd. will fund all costs up to US$5.6 occurs first.
million under the Indicative Project
Budget.
452 PT Medco Energi Internasional Tbk 2023 Annual Report
294
Page 455
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
b. Perjanjian Bidang Usaha Listrik (lanjutan) b. Power Business Activities Agreements
(continued)
iii. Perjanjian Jual Beli Gas iii. Gas Sale and Purchase Agreements
Perusahaan/ Tanggal Perjanjian/ Komitmen/ Periode Kontrak/
Entity Agreement Date Commitment Contract Period
PT Energi Prima Elektrika ("EPE")
PT Pertamina EP 30 Mei 2006; terakhir diubah PT Pertamina EP setuju untuk 10 tahun, kontrak diperpanjang
pada tanggal 18 April 2022/ menyediakan dan mengirimkan gas ke hingga 31 Desember 2023/
May 30, 2006; last amendment pembangkit listrik EPE untuk 2 MMSCF 10 years, contract was extended
dated April 18, 2022 per hari dengan pembelian minimum up to December 31, 2023.
tahunan 80%. Pada tanggal
18 April 2022, para pihak sepakat untuk
merevisi harga gas sementara dan
melaksanakan keputusan pemerintah
terkait harga gas berdasarkan Kepmen
ESDM No. 135.K.HK.02/MEM.M/2021/
PT Pertamina EP agreed to provide
and deliver gas to EPE’s power plant
for 2 MMSCF and minimum annual gas
usage of 80%. On April 18, 2022, the
parties agreed to revise the temporary
gas price and implement the
government decision on gas prices
based on the Minister of Energy and
Mineral Resources Decree No.
135.K.HK.02/MEM.M/2021.
PT Universal Batam Energy ("UBE")
Premier Oil, Natuna 1 15 April 2008/ Premier Oil, Natuna 1, Natuna 2 dan 20 tahun/
BV (“Natuna 1”), Natuna April 15, 2008 Natuna setuju untuk menjual dan UBE 20 years.
2 B.V. (“Natuna 2”), setuju untuk membeli gas sebesar 20
KUFPEC Indonesia BBTU dari cadangan yang dilakukan
(Natuna) B.V. dan dari sumber lain milik penjual gas/
Premier Oil, Natuna 1, Natuna 2, and
Natuna agreed to sell and UBE agreed
to purchase gas 20 BBTU from
committed reserves and from other
sources of gas sellers.
2023 Annual Report PT Medco Energi Internasional Tbk 453
295
Page 456
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
b. Perjanjian Bidang Usaha Listrik (lanjutan) b. Power Business Activities Agreements
(continued)
iii. Perjanjian Jual Beli Gas (lanjutan) iii. Gas Sale and Purchase Agreements
(continued)
Perusahaan/ Tanggal Perjanjian/ Komitmen/ Periode Kontrak/
Entity Agreement Date Commitment Contract Period
PT Multidaya Prima Elektrindo (“MPE”)
PT Pertamina EP 30 Mei 2008; terakhir diubah PT Pertamina EP setuju untuk 10 tahun, kontrak diperpanjang
pada tanggal 18 April 2022/ memberikan dan mengirimkan gas ke hingga 31 Desember 2023/
May 30, 2008; last amendment pembangkit listrik MPE untuk 2 MMSCF 10 years, contract was extended
dated April 18, 2022 per hari dengan pembelian minimum up to December 31, 2023.
tahunan 80%. Pada tanggal 18 April
2022, para pihak sepakat untuk
merevisi harga gas sementara dan
melaksanakan keputusan pemerintah
terkait harga gas berdasarkan Kepmen
ESDM No. 135.K.HK.02/MEM.M/2021/
PT Pertamina EP agreed to provide
and deliver gas to MPE’s power plant
for 2 MMSCF and minimum purchase
annual gas usage of 80%. On April 18,
2022, the parties agreed to revise the
temporary gas price and implement the
government decision on gas prices
based on the Minister of Energy and
Mineral Resources Decree No.
135.K.HK.02/MEM.M/2021.
PT Energi Listrik Batam (“ELB”)
PT Perusahaan Gas 28 Agustus 2020; terakhir PGN setuju untuk memberikan dan 4 tahun, sampai dengan 31
Negara (Persero) Tbk diubah pada tanggal mengirimkan gas ke pembangkit listrik Desember 2024, mana yang terjadi
(PGN) 23 Desember 2022/ ELB sebanyak 15-18 BBTU untuk terlebih dahulu/
August 28, 2020; last tahun 2020 – November 2022 dan 4 years, up to December 31, 2024
amended dated sebanyak 12-15 BBTU untuk Desember or the end of the Agreement,
December 23, 2022 2022 – berakhirnya Perjanjian/ whichever occurs first.
PGN agreed to provide and deliver gas
to ELB’s power plant for 15-18 BBTU
for years 2020 – November 2022 and
12–15 BBTU for December 2022 – end
of the Agreement.
Medco Ratch Power Riau (“MRPR”)
Riau IPP Joint 20 Agustus 2018/ MRPR telah menandatangani Tidak disebutkan secara spesifik/
Operation, Lotte August 20, 2018 perjanjian kontrak, desain, teknik, Not specifically mentioned.
Engineering & pengadaan, pendirian/ konstruksi,
Construction Co. Ltd. kontrak pengujian dan pengetesan
untuk Proyek Pembangkit Tenaga
Listrik Tenaga Gas Riau 275 MW/
MRPR has signed contract agreement,
design, engineering, procurement,
erection/construction, commissioning
and testing contract for 275 MW Riau
Gas-Fired Power Plant.
454 PT Medco Energi Internasional Tbk 2023 Annual Report
296
Page 457
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
c. Perjanjian Jual Beli Minyak Mentah & c. Crude Oil & Condensate Sales and Purchase
Kondensat Agreements
Tanggal Perjanjian/ Pembayaran uang muka/
Perusahaan/ Entity Komitmen/ Commitment
Agreement Date Advance payment
Medco Energi Thailand (Bualuang) Limited (“METB”) dan Medco Energi Thailand (E&P) Limited (“METEP”)
Glencore Singapore Pte. 10 Juli 2019: dengan Perjanjian Jual Beli (“PJB”) Minyak Perjanjian Pembayaran Di Muka
Ltd (“Glencore”) amandemen terakhir pada Mentah untuk penjualan dan sejumlah AS$80.000.000 pada tahun
2022/ pengiriman minyak mentah dengan 2022/
July 10, 2019: last amended jangka waktu 12 bulan sampai dengan Prepayment Agreement for advance
in 2022 31 Agustus 2020/ payment of US$80,000,000 in 2022.
Agreement of Crude Oil Sales and
Purchase (“COSPA”) for sales and
delivery of crude oil with term of
agreement of 12 months until
August 31, 2020.
Perjanjian sudah diperpanjang
beberapa kali, terakhir pada bulan Juli
2022, dengan jangka waktu perjanjian
sejak 1 September 2022 sampai
dengan 31 Desember 2023/
The Agreement has been extended few
times, with the latest on July 2022 with
the term of agreement starting
September 1, 2022 until
December 31, 2023.
Glencore Singapore Pte. Perjanjian ditandatangani Perjanjian baru yang efektif dari N/A
Ltd. ("Glencore") tanggal 23 Oktober 2023/ 1 Januari 2024 sampai dengan
Agreement signed 23 Oktober 2025/
October 23, 2023 New Agreement effective
January 1, 2024 until October 23, 2025.
PT Medco E & P Indonesia (“MEPI”)
PT Kilang Pertamina 1 Maret 2022/ PJB Minyak Mentah yang efektif dari N/A
Internasional March 1, 2022 tanggal 1 Januari 2023 sampai dengan
31 Desember 2023 dan hingga seluruh
kewajiban dalam Perjanjian telah
diselesaikan oleh para pihak/
COSPA effective from January 1, 2023
until December 31, 2023 and until all
the obligations in the agreement have
been settled by all parties.
PT Kilang Pertamina PJBM dalam proses finalisasi/ PJB Minyak Mentah yang efektif dari N/A
Internasional PJBM is in the finalization tanggal 1 Januari 2024 sampai dengan
process 31 Desember 2024 dan hingga seluruh
kewajiban dalam Perjanjian telah
diselesaikan oleh para pihak/
COSPA effective from January 1, 2024
until December 31, 2024 and until all
the obligations in the agreement have
been settled by all parties.
2023 Annual Report PT Medco Energi Internasional Tbk 455
297
Page 458
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
c. Perjanjian Jual Beli Minyak Mentah & c. Crude Oil & Condensate Sales and Purchase
Kondensat (lanjutan) Agreements (continued)
Tanggal Perjanjian/ Pembayaran uang muka/
Perusahaan/ Entity Komitmen/ Commitment
Agreement Date Advance payment
Medco Energi Global Pte Ltd (“MEG”)
Lukoil Asia Pacific Pte. 1 Juli 2020/ PJB Minyak Mentah Belanak dan Jumlah uang muka yang tercantum
Ltd. (“LAP”) July 1, 2020 Belida untuk penjualan dan pengiriman dengan PJB Minyak Mentah adalah
minyak mentah, dengan tanggal efektif sampai dengan AS$60 juta. MEG telah
perjanjian adalah 1 Juli 2020 dan akan menerima pembayaran uang muka
berakhir dalam jangka waktu 30 bulan sebesar AS$60 juta pada 2020/
atau hingga 31 Desember 2022/ The total advance payment under the
COSPA of Belanak and Belida for sales COSPA is up to US$60 million. MEG
and delivery of crude oil with effective has received the advance payment
date from July 1, 2020 and term of amounting to US$60 million in 2020.
agreement of 30 months until
December 31, 2022. Seluruh uang muka telah dilunasi pada
tahun 2022/
Pada tanggal 23 Mei 2022, MEG telah All of advance payment has been fully
menandatangani perjanjian novasi settled in 2022.
dimana seluruh penjualan Minyak
Mentah dialihkan dari LAP kepada
Aramco Trading Singapore Pte. Ltd.
pada tahun 2022/
On May 23, 2022, MEG signed the
novation agreement whereby all of
crude oil sales will be novated from
LAP to Aramco Trading Singapore Pte.
Ltd. in 2022.
PT Medco Daya Abadi 1 Juli 2020 terakhir diubah PJB Minyak Mentah untuk pembelian, Efektif sejak 1 April 2021, telah
Lestari (“MDAL”) pada 2020/ penerimaan dan pembayaran minyak dilakukan perubahan PJB Minyak
July 1, 2020; last amended on mentah dengan tanggal efektif Mentah Belida dengan penambahan
2020 perjanjian adalah 1 Juli 2020 dan akan mekanisme pembayaran dengan uang
berakhir dalam jangka waktu 30 bulan muka dan jangka waktu perjanjian akan
atau hingga 30 Desember 2022/ berakhir pada 31 Desember 2024/
Agreement of Crude Oil Sales and Effective as of April 1, 2021, the Belida
Purchase for purchase, receipt and COSPA has been amended with the
payment of crude oil with effective date addition of a payment mechanism with
from July 1, 2020 and term of an advance payment and the term of
agreement of 30 months until the agreement will end on
December 30, 2022. December 31, 2024.
Jumlah uang muka yang yang telah
dibayar oleh MEG pada tahun 2022
adalah sebesar AS$33,5 juta/
The total advance payment paid by
MEG in 2022 amounting to US$33.5
million.
Saras Trading SA 6 Januari 2023/ PJB Kondensat Arun yang efektif dari N/A
January 6, 2023 tanggal 1 Januari 2023 sampai dengan
tanggal 31 Desember 2025 dengan
ketentuan bahwa setiap hak dan
kewajiban yang timbul berdasarkan
Perjanjian ini harus diselesaikan sesuai
dengan ketentuan Perjanjian/
Arun COSPA effective from
January 1, 2023 until
December 31, 2025 provided that any
rights and obligations which arise under
this Agreement shall be settled
pursuant to the provisions of the
Agreement.
456 PT Medco Energi Internasional Tbk 2023 Annual Report
298
Page 459
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
c. Perjanjian Jual Beli Minyak Mentah & c. Crude Oil & Condensate Sales and Purchase
Kondensat (lanjutan) Agreements (continued)
Tanggal Perjanjian/ Pembayaran uang muka/
Perusahaan/ Entity Komitmen/ Commitment
Agreement Date Advance payment
Medco Energi Global Pte Ltd (“MEG”) (lanjutan/continued)
Glencore Singapore Pte. 7 Januari 2023/ PJB Minyak Mentah Belanak, Belida, Forel & Perjanjian Pembayaran Di Muka
Ltd. January 7, 2023 Senoro yang efektif dari tanggal sejumlah AS$100.000.000 pada tahun
1 Januari 2023 sampai dengan tanggal 2023/
31 Desember 2025 dengan ketentuan bahwa Prepayment Agreement for advance
setiap hak dan kewajiban yang timbul payment of US$100,000,000 in 2023.
berdasarkan Perjanjian ini harus diselesaikan
sesuai dengan ketentuan Perjanjian/
Belanak, Belida, Forel & Senoro COSPA
effective from January 1, 2023 until
December 31, 2025 provided that any rights
and obligations which arise under this
Agreement shall be settled pursuant to the
provisions of the Agreement.
BCP Trading Global Pte. 17 Januari 2023/ PJB Kondensat Grissik Mix yang efektif dari N/A
Ltd. January 17, 2023 tanggal 1 Januari 2023 sampai dengan
tanggal 31 Desember 2025
dengan ketentuan bahwa setiap hak dan
kewajiban yang timbul berdasarkan Perjanjian
ini harus diselesaikan sesuai dengan
ketentuan Perjanjian/
COSPA effective from
January 1, 2023 until December 31, 2025
provided that any rights and obligations which
arise under this Agreement shall be settled
pursuant to the provisions of the Agreement.
Medco Energi Bangkanai Limited (“MEBL”)
PT Mirah Ganal Energi 28 Mei 2019/ PJB Kondensat dengan dengan komitmen N/A
May 28, 2019 untuk memasok seluruh kondensat yang
diproduksi dari Karendan, berlaku hingga 20
Desember 2023/
Condensate Sales and Purchase Agreement
(“COSPA”) with commitment to supply all
condensate produces from Karendan, valid
until December 20, 2023.
PT Kimia Yasa 15 Juli 2014: PJB Kondensat dengan dengan komitmen N/A
amandemen terakhir untuk memasok seluruh kondensat yang
pada diproduksi dari Karendan, berlaku hingga
27 September 2023/ 20 Desember 2024/
July 15, 2014: last Condensate Sales and Purchase Agreement
amended on (“COSPA”) with commitment to supply all
September 27, 2023 condensate produces from Karendan, valid
until December 20, 2024.
2023 Annual Report PT Medco Energi Internasional Tbk 457
299
Page 460
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
c. Perjanjian Jual Beli Minyak Mentah & c. Crude Oil & Condensate Sales and Purchase
Kondensat (lanjutan) Agreements (continued)
Tanggal Perjanjian/ Pembayaran uang muka/
Perusahaan/ Entity Komitmen/ Commitment
Agreement Date Advance payment
Medco Energi Sampang Pty., Ltd. (“MESP”)
PT Pertamina (Persero) 13 Februari 2017 novasi PJB Kondensat dengan dengan N/A
terakhir pada tahun 2021/ komitmen untuk memasok seluruh
February 13, 2017 last kondensat yang diproduksi dari
novated in 2021 Sampang, berlaku hingga 12 Februari
2021, yang kemudian diperpanjang
sampai dengan 12 Februari 2025/
CSPA with commitment to supply all
condensate produces from Sampang,
valid until February 12, 2021, which
later extended until February 12, 2025.
Berdasarkan Perjanjian Novasi antara
MESP, Singapore Petroleum Sampang
Ltd., Cue Sampang Pty. Ltd., PT
Pertamina (Persero) dan PT Pertamina
Patra Niaga (”PPN”), PJB kondensat
beralih kepada PPN/
Based on Novation Agreement between
MESP, Singapore Petroleum Sampang
Ltd., Cue Sampang Pty. Ltd., PT
Pertamina (Persero) and PT Pertamina
Patra Niaga (”PPN”), the CSPA has
been novated to PPN.
PT Medco E & P Malaka (“MEPM”)
PT Kilang Pertamina 1 November 2021/ PJB kondensat yang efektif dari tanggal N/A
Internasional November 1, 2021 1 November 2021 sampai dengan
tanggal 31 Desember
2022 atau dapat diakhiri lebih awal
dengan disepakati bersama secara
tertulis antara para pihak/
CSPA effective from November 1, 2021
until December 31, 2022 or may be
terminated earlier by mutually agreed in
writing among the parties.
Jumlah kontrak perjanjian sekitar
350.000 barel/
Total contract quantity of this
agreement is approximately 350,000
barrels.
458 PT Medco Energi Internasional Tbk 2023 Annual Report
300
Page 461
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
d. Perjanjian Lain-lain d. Other Agreements
i. Perjanjian Pengangkutan Gas Melalui Pipa i. Gas Transportation Agreement Through
Pipes
a. Pada tanggal 10 Desember 2014, PT a. On December 10, 2014, PT Mitra Energi
Mitra Energi Gas Sumatera (“MEGS”) Gas Sumatera (“MEGS”) entered into a
melakukan perjanjian tripartit dengan tripartite agreement with PT Perusahaan
PT Perusahaan Listrik Negara (Persero) Listrik Negara (Persero) and PT Medco
dan PT Medco E & P Lematang E & P Lematang (“MEPL”) related to the
(“MEPL”) terkait pemanfaatan jalur usage of the transmission pipeline for the
transmisi pipa atas pengangkutan gas transportation of natural gas from
bumi dari Lapangan Singa di Blok Lapangan Singa in Lematang Block to
Lematang ke Stasiun Gunung Megang Gunung Megang Station with total gas of
dengan jumlah gas yang diangkut 36,661 MMSCF for a gas transportation
sebesar 36.661 MMSCF untuk jasa service fee of US$0.45/MSCF until April
transportasi gas sebesar AS$0,45/MSCF 2017. Under this agreement, MEGS is
hingga April 2017. Dalam perjanjian ini, the operator of the pipeline and transport
MEGS sebagai pihak yang natural gas.
mengoperasikan pipa dan melakukan
transportasi gas bumi.
Perjanjian ini terakhir diamandemen The agreement was last amended on
pada tanggal 24 Agustus 2021, MEGS August 24, 2021, MEGS and MEPL
dan MEPL menandatangani Amandemen signed the Gas Transportation
Perjanjian Pengangkutan Gas Bumi yang Amendment Agreement valid to
berlaku sampai dengan 31 Januari 2027 January 31, 2027 or when the
atau pada saat telah terpenuhinya distribution of natural gas is achieved by
jumlah penyaluran gas bumi oleh MEPL. MEPL.
b. Berdasarkan Perjanjian Pengangkutan b. Based on Gas Transportation Agreement
Gas antara PT Transportasi Gas between PT Transportasi Gas Indonesia
Indonesia (“TGI”), PT Pertamina (“TGI”), PT Pertamina (Persero) and
(Persero) dengan Operator dari Corridor Operators of Corridor PSC Group, South
PSC Group, South Jambi B PSC Group, Jambi B PSC Group and Jabung PSC
dan Jabung PSC Group, tanggal Group, dated February 12, 2001, Gas
12 Februari 2001, Perjanjian Transportation Agreement is part of the
Pengangkutan Gas ini merupakan Gas Sales Agreement with Gas Supply
bagian dari Perjanjian Jual Gas dengan Pte Ltd., to transport the gas from gas
Gas Supply Pte Ltd., untuk pengaliran suppliers using pipeline operated by TGI
gas dari pemasok gas melalui pipa yang as the Transporter, to GSPL.
dioperasikan TGI sebagai Transporter,
ke GSPL.
Ketentuan volume dalam Perjanjian The volume terms under the Gas
Pengangkutan Gas ini adalah back-to- Transportation Agreement is back-to-
back dengan ketentuan volume dalam back with the volume terms under the
Perjanjian Jual Gas dengan GSPL. Gas Sales Agreement with GSPL
Periode Kontrak sesuai dengan periode Contract Period similar with the period of
Perjanjian Jual Gas dengan GSPL. the Gas Sales Agreement with GSPL.
Perjanjian Pengangkutan Gas ini telah This Gas Transportation Agreement has
berakhir pada tanggal 11 Agustus 2023, expired on 11 August 2023, align with
sesuai dengan berakhir nya periode the expiration of gas supply period from
pasokan gas dari Corridor PSC untuk Corridor PSC to the related Gas Sales
Perjanjian Jual Gas dengan GSPL Agreement with GSPL.
terkait.
2023 Annual Report PT Medco Energi Internasional Tbk 459
301
Page 462
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
d. Perjanjian Lain-lain (lanjutan) d. Other Agreements (continued)
i. Perjanjian Pengangkutan Gas Melalui Pipa i. Gas Transportation Agreement Through
(lanjutan) Pipes (continued)
c. Pada tanggal 22 Februari 2023, TGI, c. On February 22, 2023, TGI, PetroChina
PetroChina International Jabung Ltd. International Jabung Ltd. (PCJL), as
(PCJL), sebagai operator Jabung PSC Jabung PSC operator and Medco E&P
dan Medco E&P Grissik Ltd. (MEPG), Grissik Ltd. (MEPG), as the operator of
sebagai operator Corridor PSC, the Corridor PSC, signed a Gas
menandatangani Perjanjian Transportation Agreement (GTA) for the
Pengangkutan Gas (GTA) untuk flow of Gas to Gas Supply Pte. Ltd.
pengaliran Gas ke Gas Supply Pte. Ltd. (GSPL) as the implementation of the Gas
(GSPL) sebagai pelaksanaan terhadap Sales Agreement (GSA) with GSPL,
Perjanjian Jual Beli Gas (PJBG) dengan under which Corridor PSC starts its gas
GSPL, dimana Corridor PSC memulai delivery to GSPL from August 12, 2023.
pengaliran gas nya ke GSPL dari tanggal Terms of GTA volume and period are the
12 Agustus 2023. Ketentuan volume dan same as the GSA volume and period
periode GTA adalah sama dengan with GSPL.
volume dan periode GSA dengan GSPL.
ii. Jasa Pendukung Pengeboran Minyak dan ii. Oil and Gas Drilling Support Services
Gas Bumi
Periode Kontrak/ Estimasi Nilai Kontrak/
Perusahaan/Entity
Contract Period Estimated Contract Value
PT Exspan Petrogas Intranusa (“EPI”)
PT Pertamina EP Asset 2 5 November 2019 – 28 Februari 2022/ Nilai kontrak Rp38.011.011.000/
November 5, 2019 – February 28, 2022 Contract value amounting to Rp38,011,011,000.
terakhir diperpanjang menjadi Nilai kontrak ditambah menjadi
tanggal 9 Januari 2023/ Rp49.401.582.500/
last amended to January 9, 2023 Increase in contract value to Rp49,401,582,500.
16 Oktober 2022 - 2 Januari 2025/ Nilai kontrak Rp41.732.600.000/
October 16, 2022 - January 2, 2025 Contract value amounting to Rp41,732,600,000.
iii. Perpanjangan PSC iii. Extension of PSC
a. Pada bulan November 2018, Pemerintah a. In November 2018, the Government of
Republik Indonesia melalui SKK Migas the Republic of Indonesia through SKK
memberikan persetujuan perpanjangan Migas approved the extension of
Blok Tarakan dalam bentuk Kontrak Tarakan Block in the form of Gross Split
Gross Split. Kontrak baru dengan Contract. The gross split scheme will be
metode gross split ini akan berlaku applied to new contracts effective on
efektif pada tanggal 14 Januari 2022 January 14, 2022 for 20 years with
untuk jangka waktu 20 tahun dengan commitment value of US$35.5 million.
nilai komitmen sebesar AS$35,5 juta. The contractor is obliged to offer 10% of
Kontraktor wajib menawarkan 10% hak their working interest to the local
kelolanya kepada pemerintah daerah. government.
460 PT Medco Energi Internasional Tbk 2023 Annual Report
302
Page 463
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
d. Perjanjian Lain-lain (lanjutan) d. Other Agreements (continued)
iii. Perpanjangan PSC (lanjutan) iii. Extension of PSC (continued)
b. Pada tanggal 14 Januari 2019, b. On January 14, 2019, the Government of
Pemerintah Republik Indonesia melalui Indonesia through Decree No. 09 K/10/
Keputusan Menteri Energi dan Sumber MEM/2019 from the Ministry of Energy
Daya Mineral Republik Indonesia No. 09 and Mineral Resources’ approved the
K/10/MEM/2019 memberikan extension of Production Sharing Contract
persetujuan perpanjangan Kontrak Kerja (PSC) for Rimau Block Area. The gross
Sama (PSC) wilayah kerja Blok Rimau. split scheme will be applied to new
Kontrak baru dengan metode gross split contracts effectively on April 23, 2023 for
ini akan berlaku efektif pada tanggal 20 years. The contractor is obliged to
23 April 2023 untuk jangka waktu 20 offer 10% of their working interest to the
tahun. Kontraktor wajib menawarkan local government.
10% hak kelolanya kepada pemerintah
daerah.
c. Pada tanggal 19 Desember 2023, c. On 19 December 2023, Amended and
Amendemen dan Pernyataan Kembali Restated Production Sharing Contract
Kontrak Bagi Hasil Blok Corridor dalam Corridor Block for Cost Recovery
bentuk Cost Recovery antara SKK Migas between SKK Migas and PSC
dan kontraktor KKS Blok Corridor yaitu contractors Block Corridor, consist of
Medco E&P Grissik Ltd. (MEPG), PT Medco E&P Grissik Ltd. (MEPG), PT
Pertamina Hulu Energi Corridor dan Pertamina Hulu Energi Corridor and
Repsol Corridor SA dan berlaku pada Repsol Corridor SA dan effective on
tanggal 20 Desember 2023. Amendemen December 20, 2023. This Amended and
dan Pernyataan Kembali Kontrak Bagi Restated Production Sharing Contract
Hasil Blok Corridor ini disetujui oleh Block Corridor approved by Minister of
Menteri Energi dan Sumber Daya Energy and Natural Resuorces Number
Mineral Republik Indonesia melalui Surat 444.K/MG.01/MEM.M.2023 dated
Keputusan Nomor 444.K/MG.01/ December 12, 2023, for the period of 20
MEM.M.2023 tertanggal 12 Desember years, with the commitment for the
2023, untuk jangka waktu 20 tahun, amount of US$250 million. Corridor
dengan komitmen sebesar AS$250 Juta. Block PSC contractors have the
Kontraktor KKS Blok Corridor obligation to offer 10% Participating
berkewajiban untuk menawarkan 10% Interest to the Local Government.
Participating Interest kepada Pemerintah
Daerah.
2023 Annual Report PT Medco Energi Internasional Tbk 461
303
Page 464
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
d. Perjanjian Lain-lain (lanjutan) d. Other Agreements (continued)
iv. Perjanjian Operasi Bersama Medco E&P iv. Joint Operating Agreement of Medco E&P
Natuna Ltd. Natuna Ltd.
Pada tanggal 1 Februari 2007, sebagai On February 1, 2007, as the owner of the
pemilik hak partisipasi di PSC Blok B Laut participating interest in South Natuna Sea
Natuna Selatan (“PSC”), (i) ConocoPhillips Block B PSC (“PSC”), (i) ConocoPhillips
Indonesia Inc. Ltd. (sekarang menjadi Indonesia Inc. Ltd. (now known as Medco
Medco E&P Natuna Ltd., “MEPN”) sebagai E&P Natuna Ltd., “MEPN”) as the owner of
pemilik 40% hak partisipasi dan juga 40% participating interest and also as the
sebagai operator, (ii) Inpex Natuna Ltd. operator, (ii) Inpex Natuna, Ltd. (now known
(sekarang menjadi Medco South Natuna as Medco South Natuna Sea Ltd.) as the
Sea Ltd.) sebagai pemilik hak partisipasi owner of 35% participating interest which
sebesar 35% yang telah mengalihkan hak has assigned its participating interest to PT
partisipasinya kepada PT Medco Daya Medco Daya Natuna, and (iii) Chevron
Natuna, dan (iii) Chevron South Natuna B South Natuna B Inc. (now known as Prime
Inc. (sekarang menjadi Prime Natuna Inc.) Natuna Inc.) as the owner of 25%
sebagai pemilik hak partisipasi sebesar 25% participating interest (the "Parties”) entered
(“Para Pihak”) mengadakan Perjanjian into a Joint Operating Agreement ("JOA") to
Operasi Bersama (“JOA”) untuk mengatur define their respective rights and obligations
hak dan kewajiban Para Pihak atas with respect to their operations under the
kegiatannya di wilayah kerja PSC. PSC.
Perjanjian ini menggantikan JOA tertanggal This agreement shall supersede the JOA
22 Mei 1969 dan akan terus berlaku sampai dated May 22, 1969 and shall continue in
diakhiri dengan persetujuan Para Pihak atau effect until terminated by consent of the
satu pihak dari semua kepentingan untuk Parties or the vesting in one party of all
seluruh atau sebagian dari wilayah kerja, interests as to the whole or any portion of
atau ketika berakhirnya kontrak. the contract area, or on expiration of the
Berdasarkan JOA, operator berhak contract. Based on the JOA, the operator
membebankan kepada Joint Account semua shall charge to the Joint Account all charges
biaya-biaya terkait jasa oleh induk for service rendered by the Corporate Parent
perusahaan operator. Non-operator harus of the operator. The non-operator shall also
membayar kepada operator atas biaya pay to the operator parent company
overhead induk perusahaan operator. overhead.
Pada tanggal 15 Januari 1999, On January 15, 1999, ConocoPhillips
ConocoPhillips Indonesia Inc Ltd (sekarang Indonesia Inc Ltd (now known as Medco
menjadi Medco E&P Natuna Ltd, “MEPN”), E&P Natuna Ltd, “MEPN”), Premier Oil
Premier Oil Natuna Sea Limited (sekarang Natuna Sea Limited (now known as Premier
Premier Oil Natuna Sea B.V., “Premier Oil”) Oil Natuna Sea B.V., "Premier Oil") and Gulf
dan Gulf Resources (Kakap) Ltd. (sekarang Resources (Kakap) Ltd. (now known as Star
Star Energy (Kakap) Ltd.,”Star Energy”) Energy (Kakap) Ltd., "Star Energy") as "PSC
sebagai “Grup PSC” dengan persetujuan Group” with the consent and concurrence of
Pertamina, mengadakan Perjanjian West Pertamina, entered into West Natuna
Natuna Transportation System Joint Venture Transportation System Joint Venture
(“JV WNTS”). Grup PSC bermaksud untuk ("WNTS JV") Agreement. The PSC Group
membangun dan mengoperasikan Sistem wish to provide for the ownership
Pipa Natuna Barat. construction and operation of the West
Natuna Pipeline System.
462 PT Medco Energi Internasional Tbk 2023 Annual Report
304
Page 465
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
d. Perjanjian Lain-lain (lanjutan) d. Other Agreements (continued)
iv. Perjanjian Operasi Bersama Medco E&P iv. Joint Operating Agreement of Medco E&P
Natuna Ltd. (lanjutan) Natuna Ltd. (continued)
Jaringan SembGas dan Fasilitas Penerima, SembGas Line and the Receiving Facilities
dan bermaksud untuk menggunakan sistem also to use the system for the transporting
tersebut untuk mengangkut dan/atau and/or redelivery of gas other than pursuant
mengantarkan kembali gas selain gas yang to the Gas Sales Agreement (between
dimaksud dalam Perjanjian Penjualan Gas Pertamina and SembCorp Gas Pte. Ltd.).
(antara Pertamina dan SembCorp Gas Pte. This agreement shall remain in full force and
Ltd.). Perjanjian ini akan berlaku penuh full effect until all the PSC groups, each in its
sampai dengan semua Grup PSC, dalam capacity as a member of the WNTS JV
kapasitasnya sebagai anggota dari Grup JV Group, have withdrawn from this agreement.
WNTS menarik diri dari perjanjian ini.
Pada tanggal 31 Oktober 2008, MEPN, Star On October 31, 2008, MEPN, Star Energy
Energy dan Premier Oil (“Grup PSC”) and Premier Oil (The “PSC Group”) together
dengan persetujuan BPMIGAS (sekarang with the consent and concurrence of
SKK Migas) mengadakan Perjanjian BPMIGAS (now SKK Migas) entered into
Pengangkutan GSA2 atau GSA2 TA, GSA2 or The GSA2 TA, GSA2 shall mean
dimana GSA2 merupakan perjanjian antara the Agreement between Premier Oil and
Premier Oil dengan SembCorp Gas Pte. Ltd. SembCorp Gas Pte. Ltd. ("SembGas"). The
("SembGas"). Grup PSC telah mendapat PSC Group has been granted by SembGas,
izin dari SembGas, untuk menggunakan the right to use the SembGas Line for
Jalur SembGas untuk pengangkutan gas transportation of Gas for delivery under
GSA2 dan dalam kapasitasnya sebagai GSA2 and has granted in favor of the WNTS
anggota JV WNTS, mendapatkan izin JV Group, a license of the Receiving
penggunaan Fasilitas Penerima Facilities to enable the delivery of GSA2 gas
memungkinkan pengantaran gas GSA2 at delivery point.
pada titik penyerahan.
Sesuai dengan haknya sebagai anggota JV Pursuant to their right under the WNTS JV
WNTS, Grup PSC memiliki hak untuk parties, PSC Group has the right to use the
menggunakan sistem pengangkutan dan/ System for the transportation and/or delivery
atau penyerahan gas selain dari WNG Gas of gas other than WNG Gas (Agreement
(Perjanjian antara anggota JV WNTS), dan between WNTS JV Parties), and agrees to
dengan ini menyetujui untuk menyediakan provide gas transportation services to the
jasa pengangkutan gas kepada Kelompok GSA2 Supply Group. This agreement shall
Penyedia GSA2. Perjanjian ini berakhir pada end on July 14, 2028.
tanggal 14 Juli 2028.
2023 Annual Report PT Medco Energi Internasional Tbk 463
305
Page 466
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
d. Perjanjian Lain-lain (lanjutan) d. Other Agreements (continued)
v. Letter of Agreement untuk Implementasi v. Letter of Agreement for the Implementation
atas Penyesuaian Harga Gas Bumi of Natural Gas Price Adjustment
Pada tahun 2020, perusahaan Medco In 2020, the Medco companies holding the
pemegang PSC Sampang, Madura, Blok A Sampang, Madura, Block A (Aceh) and
(Aceh) dan Sumatera Selatan South Sumatera PSCs signed Letters of
menandatangani Letters of Agreement Agreement (LOA) for the implementation of
(LOA) untuk implementasi atas penyesuaian natural gas price adjustments in accordance
harga gas bumi sesuai dengan Keputusan with Minister of Energy and Mineral
Menteri Energi dan Sumber Daya Mineral Resources decree number
nomor 91K/12/MEM/2020. 91K/12/MEM/2020.
Perbedaan harga antara PJBG dengan LOA The difference in price between the
tidak akan mempengaruhi pendapatan respective GSAs and the LOAs will not
bulanan Grup. affect the Group’s monthly revenue.
vi. Kontrak Unitisasi vi. Unitization Agreement
Sesuai dengan Peraturan Pemerintah No. In accordance with Government Regulation
35 Tahun 2004 tentang Kegiatan Usaha No. 35 Year 2004 on Upstream Oil and Gas
Hulu Minyak dan Gas Bumi, Kontraktor KKS Business Activities, a PSC contractor is
diwajibkan untuk melakukan unitisasi required to conduct unitization if it is proven
apabila terbukti adanya pelamparan that its reservoir extends into another
reservoir yang memasuki Wilayah Kerja contractor’s Working Area. The MoEMR will
Kontraktor lainnya. Menteri ESDM determine the operator for the unitization
menentukan operator pelaksana unitisasi based on the agreement between the
berdasarkan kesepakatan di antara para contractors involving the unitization after
Kontraktor yang melakukan unitisasi setelah considering the opinion of SKK Migas.
mendapatkan pertimbangan SKK Migas.
Karena beberapa pelamparan reservoir Since several of MEPG’s oil and gas
minyak dan gas MEPG memasuki Wilayah reservoirs extend into other Contractor’s
Kerja kontraktor lainnya, MEPG melakukan Working Areas, MEPG has entered into
perikatan Perjanjian Unitisasi dengan PT Unitization Agreement with PT Pertamina
Pertamina Hulu Energi Jambi Merang dan Hulu Energi Jambi Merang and PT
PT Pertamina EP dengan wilayah kerja di Pertamina EP for South Sumatera and
Sumatera Selatan dan Jambi yang efektif Jambi working area which effective until one
sampai dengan salah satu PSC berakhir. of the PSC ends.
464 PT Medco Energi Internasional Tbk 2023 Annual Report
306
Page 467
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
50. KONTINJENSI 50. CONTINGENCIES
a. Litigasi a. Litigations
i. Gugatan Hukum Khairil Anwar dengan i. Lawsuit from Khairil Anwar Against PT
PT Medco E & P Malaka (“MEPM”) Medco E & P Malaka (“MEPM”)
Pada tanggal 28 Agustus 2018, Khairil On August 28, 2018, Khairil Anwar
Anwar (Penggugat), melalui kuasa (Plaintiff), through his attorney filed a
hukumnya mengajukan gugatan terhadap lawsuit against PT Medco E & P Malaka
PT Medco E & P Malaka (“MEPM”) (“MEPM”) (Defendant I) and SKK Migas
(Tergugat I) dan SKK Migas (Tergugat II) (Defendant II) to South Jakarta District
kepada Pengadilan Negeri Jakarta Court. The lawsuit filed by Khairil Anwar
Selatan. Gugatan yang diajukan oleh is related to the demand for
Khairil Anwar terkait dengan permintaan compensation for construction of tunnel
ganti rugi atas pembangunan gorong- that leads the water/ dirty liquid/ waste
gorong yang menyebabkan air/cairan from construction of gas production
kotor/ limbah terkait pembangunan facilities of Block A directly to the
fasilitas pengelolaan gas Blok A Plaintiff’s land in Dusun TB.IV, Gempong
mengarah langsung ke lahan Penggugat Blang Nisam Village, Sub-district Indra
yang terletak di Dusun TB.IV, Desa Makmur, East Aceh, resulting in damages
Gempong Blang Nisam, Kecamatan Indra to Plaintiff’s land and plants.
Makmur, Aceh Timur, yang
mengakibatkan kerusakan tanah serta
tanaman Penggugat.
Pada 29 Oktober 2019, Pengadilan On October 29, 2019, the South Jakarta
Negeri Jakarta Selatan yang memeriksa District Court that examined and judged
dan mengadili Perkara telah the Case read out the verdict which
membacakan putusan yang pada intinya basically stated that the Plaintiff’s Claim
menyatakan Gugatan Penggugat tidak could not be accepted. Until the deadline
dapat diterima. Hingga tenggat waktu set out in the law, the Plaintiff did not
yang diatur dalam undang-undang, submit any Appeal and therefore the
Penggugat tidak mengajukan upaya Case’s decision was legally binding.
Banding dan oleh karenanya putusan
Perkara telah berkekuatan hukum tetap.
Pada 15 Januari 2020, Penggugat Subsequently, on January 15, 2020,
memulai gugatan serupa tetapi kali ini, Plaintiff initiated a similar lawsuit but this
Penggugat mengikutsertakan Badan time, Plaintiff included Badan Pengelola
Pengelola Migas Aceh sebagai Tergugat Migas Aceh as the Third Defendant.
Ketiga.
2023 Annual Report PT Medco Energi Internasional Tbk 465
307
Page 468
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
50. KONTINJENSI (lanjutan) 50. CONTINGENCIES (continued)
a. Litigasi (lanjutan) a. Litigations (continued)
i. Gugatan Hukum Khairil Anwar dengan i. Lawsuit from Khairil Anwar Against PT
PT Medco E & P Malaka (“MEPM”) Medco E & P Malaka (“MEPM”)
(lanjutan) (continued)
Putusan pengadilan dibacakan pada Court decision read out the verdict on
21 Februari 2022. Dalam pembacaan February 21, 2022. During the
putusan, pertimbangan Majelis Hakim pronouncement of the verdict, the Panel
yang mendasari putusan perkara of Judges’ considerations which underlies
menyatakan: the case decision stated:
1. Dalam Eksepsi: menolak eksepsi 1. In Exception: rejects the exception
dari Tergugat I, Tergugat II, dan from the Defendant I, the Defendant
Tergugat III; dan II, and the Defendant III; and
2. Dalam Pokok Perkara: 2. In Merits Case:
i. Menyatakan gugatan i. Declare the Plaintiff’s lawsuit
Penggugat diterima sebagian. partially accepted.
ii. Menyatakan bahwa Tergugat I, ii. Declare that Defendant I,
Tergugat II dan Tergugat III Defendant II and Defendant III
telah melakukan perbuatan have committed an unlawful act
melawan hukum tanpa without being punished to pay
dihukum untuk membayar ganti any compensation.
rugi.
iii. Memerintahkan Tergugat I, iii. To order Defendant I,
Tergugat II dan Tergugat III Defendant II and Defendant III
untuk membayar biaya perkara. to pay court costs.
MEPM berpendapat putusan tersebut MEPM is of the opinion that the verdict
tidak memiliki dasar hukum yang layak, have no proper legal basis, and therefore
oleh karena itu MEPM mengajukan MEPM have submitted an appeal to the
banding kepada Pengadilan Tinggi DKI DKI Jakarta High Court.
Jakarta.
Pada tanggal 21 Februari 2023, On February 21, 2023, the DKI Jakarta
Pengadilan Tinggi DKI Jakarta telah High Court issued the verdict by Decision
mengeluarkan Putusan Nomor 106/ Number 106/PDT/2023/PTDKI which in
PDT/2023/PTDKI yang pada intinya essence strengthened the previous
memperkuat putusan Pengadilan Negeri District Court decision.
sebelumnya.
Berdasarkan Putusan Pengadilan Tinggi Based on the verdict of the DKI Jakarta
DKI Jakarta tersebut, baik MEPM High Court, both MEPM and the Plaintiff
maupun Penggugat masing-masing respectivelly submitted Cassation to the
mengajukan Kasasi kepada Mahkamah Supreme Court of the Republic of
Agung Republik Indonesia. Indonesia.
Sampai dengan tanggal penyelesaian As of the completion date of the
laporan keuangan konsolidasian, Grup consolidated financial statements, the
masih menunggu hasil putusan Group is still waiting for the verdict of the
Mahkamah Agung Republik Indonesia. Supreme Court of the Republic of
Indonesia.
Tidak ada pencadangan atas gugatan No provision was recognized for this
tersebut dalam laporan keuangan lawsuit in its consolidated financial
konsolidasian. statements.
466 PT Medco Energi Internasional Tbk 2023 Annual Report
308
Page 469
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
50. KONTINJENSI (lanjutan) 50. CONTINGENCIES (continued)
a. Litigasi (lanjutan) a. Litigations (continued)
ii. Gugatan Hukum dari Moto Mabanga ii. Lawsuit from Moto Mabanga Against
dengan Ophir Energy Ltd., Ophir Ophir Energy Ltd., Ophir Services Pty.
Services Pty. Ltd. (Perusahaan) dan B.G. Ltd. (the Company) and B.G. Tanzania
Tanzania Limited (Para Tergugat) pada Limited (the Defendants) Block 1, 3, and
Blok 1, 3, dan 4 Tanzania 4 Tanzania
(a) Perkara Komersial No. 185 Tahun (a) Commercial Case No. 185 of 2013,
2013, Pengadilan Tinggi Tanzania High Court of Tanzania (Commercial
(Divisi Komersial) di Dar es Salaam Division) at Dar es Salaam
Perkara ini, yang diajukan pada This case, filed in 2013, was
tahun 2013, telah dibatalkan oleh dismissed by the court in June 2018.
pengadilan pada bulan Juni 2018. Four years later, Moto Mabanga filed
Empat tahun kemudian, Moto Miscellaneous Commercial
Mabanga mengajukan Permohonan Application No. 19 of 2022, seeking
Komersial Lain-Lain No. 19 Tahun for extension of time within which to
2022, meminta perpanjangan waktu apply for an order to set aside the
untuk mengajukan perintah untuk court’s decision of June 2018.The
mengesampingkan keputusan application was dismissed in May
pengadilan Juni 2018. Permohonan 2022. Moto Mabanga then filed a
tersebut ditolak pada Mei 2022. Notice of Appeal against the court’s
Moto Mabanga kemudian decision dismissing the application
mengajukan Pemberitahuan but, to date, no appeal has been
Banding terhadap keputusan filed. Therefore, unless and until
pengadilan yang menolak Moto Mabanga files an appeal, for
permohonan tersebut, namun which it would required an extension
hingga saat ini, belum ada banding of time by the Court of Appeal, and
yang diajukan. Oleh karena itu, succeeds in the appeal, the High
kecuali dan sampai Moto Mabanga Court’s decision of May 2022,
mengajukan banding, yang mana dismissing the application, stands
memerlukan perpanjangan waktu and so does the court’s decision of
dari Pengadilan Banding, dan June 2018, dismissing the case.
berhasil dalam banding tersebut,
keputusan Pengadilan Tinggi Mei
2022, yang menolak permohonan,
tetap berlaku dan begitu juga
keputusan pengadilan Juni 2018,
memberhentikan kasus tersebut.
Kasus ini dianggap sebagai This case shall be considered as
masalah yang tertunda, namun jika pending matter, however if Moto
Moto Mabanga mengajukan banding Mabanga file an appeal against the
atas keputusan pengadilan yang court’s decision dismissing
menolak Permohonan Lain-Lain No. Miscellaneous Application No. 19 of
19 Tahun 2022 dan berhasil dalam 2022 and succeed in the appeal, it
banding tersebut, maka kemudian could then revive proceedings for
dapat menghidupkan kembali the restoration of the case. Unless
proses pemulihan kasus tersebut. and until that happen, even though
Kecuali dan sampai hal itu terjadi, the chances of it successfully
meskipun peluang keberhasilannya happening are remote, the case has
sangat kecil, kasus tersebut harus to be treated as having come to an
dianggap telah berakhir. end.
2023 Annual Report PT Medco Energi Internasional Tbk 467
309
Page 470
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
50. KONTINJENSI (lanjutan) 50. CONTINGENCIES (continued)
a. Litigasi (lanjutan) a. Litigations (continued)
ii. Gugatan Hukum dari Moto Mabanga ii. Lawsuit from Moto Mabanga Against
dengan Ophir Energy Ltd., Ophir Ophir Energy Ltd., Ophir Services Pty.
Services Pty. Ltd. (Perusahaan) dan B.G. Ltd. (the Company) and B.G. Tanzania
Tanzania Limited (Para Tergugat) pada Limited (the Defendants) Block 1, 3, and
Blok 1, 3, dan 4 Tanzania (lanjutan) 4 Tanzania (continued)
(b) Perkara Perdata Lain-Lain No. 14 (b) Miscellaneous Civil Cause No. 14 of
Tahun 2014, Pengadilan Tinggi 2014, High Court Tanzania (Dar es
Tanzania (Dar es Salaam) Salaam Registry)
Perkara konstitusional ini diawali This constitutional case commenced
dengan petisi dan berdasarkan by way of a petition and based on
fakta-fakta yang sama dengan similar facts as those in Commercial
Perkara Komersial No. 185 Tahun Case No. 185 of 2013, was tried by
2013 ini, disidangkan oleh the Constitutional court in May 2016,
Mahkamah Konstitusi pada Mei pending determination of
2016 secara paralel menunggu Commercial Case No. 185 of 2013.
penetapan Perkara Komersial No. Since the dismissal of the
185 Tahun 2013. Sejak Perkara commercial case in June 2018, Moto
Komersial pada Juni 2018 Mabanga has made no effort to
diberhentikan, Moto Mabanga tidak revive the proceedings in the
melakukan upaya untuk constitutional case. There are two
menghidupkan kembali proses options available to the Company.
perkara konstitusional. Ada dua First, it could let the status quo be
pilihan yang tersedia bagi maintained until Moto Mabanga
Perusahaan. Pertama, status quo revives the trial or the court, on its
dapat dipertahankan sampai Moto own motion, calls up the case.
Mabanga menghidupkan kembali Second, if it continued, but dormant,
persidangan atau pengadilan, atas pendency of the case is a matter of
mosinya sendiri, memanggil kasus concern to the Company (for
tersebut. Kedua, jika berlanjut, tetapi example, from an audit perspective)
tidak aktif, penundaan kasus the Company could file an
menjadi perhatian Perusahaan application to the court to have the
(misalnya, dari sudut pandang audit) constitutional case struck out
maka Perusahaan dapat because of Moto Mabanga’s failure
mengajukan permohonan ke to prosecute it.
pengadilan untuk membatalkan
perkara konstitusional karena Moto
Mabanga telah gagal untuk
menjalankannya.
468 PT Medco Energi Internasional Tbk 2023 Annual Report
310
Page 471
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
50. KONTINJENSI (lanjutan) 50. CONTINGENCIES (continued)
a. Litigasi (lanjutan) a. Litigations (continued)
ii. Gugatan Hukum dari Moto Mabanga ii. Lawsuit from Moto Mabanga Against
dengan Ophir Energy Ltd., Ophir Ophir Energy Ltd., Ophir Services Pty.
Services Pty. Ltd. (Perusahaan) dan B.G. Ltd. (the Company) and B.G. Tanzania
Tanzania Limited (Para Tergugat) pada Limited (the Defendants) Block 1, 3, and
Blok 1, 3, dan 4 Tanzania (lanjutan) 4 Tanzania (continued)
(c) Perkara Perpajakan No. 18 Tahun (c) Taxation Cause No. 18 of 2019,
2019, Pengadilan Tinggi Tanzania High Court of Tanzania (Commercial
(Divisi Komersial) Division)
Perkara ini berkaitan dengan This relates to a bill of costs filed by
tagihan biaya yang diajukan oleh the Company in Commercial Case
Perusahaan dalam Perkara No. 18 of 2013. The bill of costs was
Komersial No. 18 tahun 2013. taxed on August 30, 2022 and an
Tagihan biaya dikenakan pajak pada amount of Shilling Tanzania
tanggal 30 Agustus 2022 dan 579,410,919 (equivalent to
sejumlah Shilling Tanzania approximately US$251,917) was
579.410.919 (setara dengan sekitar awarded to the Company. The
AS$251.917) telah diberikan kepada process for recovery of this amount
Perusahaan. Proses pemulihan from Moto Mabanga would entail
jumlah ini dari Moto Mabanga akan making an application to the court
memerlukan pengajuan ke for execution by way of attachment
pengadilan untuk eksekusi dengan and sale of Moto Mabanga’s assets
melampirkan dan menjual aset Moto in Tanzania. Such application has
Mabanga di Tanzania. Permohonan not been made because the
tersebut belum dibuat karena sejauh Company have been unsuccessful in
ini Perusahaan belum berhasil our efforts to find out any assets
dalam upaya untuk mengetahui aset owned by Moto Mabanga in
apa pun yang dimiliki oleh Moto Tanzania.
Mabanga di Tanzania.
(d) Perkara Perpajakan No. 61 Tahun (d) Taxation Cause No. 61 of 2022,
2022, Pengadilan Tinggi Tanzania High Court of Tanzania (Commercial
(Divisi Komersial) Division)
Tagihan biaya dalam Perkara The bill of costs in this taxation
Perpajakan ini timbul dari Perkara cause arose out of Commercial
Komersial No. 43 Tahun 2019 dan Case No. 43 of 2019 and was taxed
telah dikenakan pajak oleh by the court on August 12, 2022. An
pengadilan pada tanggal amount of Shilling Tanzania
12 Agustus 2022 sebesar Shilling 22,043,000 (equivalent to
Tanzania 22.043.000 (setara approximately US$9,584) was
dengan sekitar AS$9.584) diberikan awarded to the Company. Recovery
kepada Perusahaan. Pemulihan of the amount would have to be
jumlah tersebut harus melalui through execution by way of
eksekusi dengan melampirkan dan attachment and sale of Moto
menjual aset Moto Mabanga. Mabanga’s assets. An application for
Permohonan eksekusi tidak execution has not been filed, for the
diajukan, karena alasan-alasan reasons stated in point (c) above.
yang disebutkan dalam butir (c) di
atas.
2023 Annual Report PT Medco Energi Internasional Tbk 469
311
Page 472
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
50. KONTINJENSI (lanjutan) 50. CONTINGENCIES (continued)
a. Litigasi (lanjutan) a. Litigations (continued)
ii. Gugatan Hukum dari Moto Mabanga ii. Lawsuit from Moto Mabanga Against
dengan Ophir Energy Ltd., Ophir Ophir Energy Ltd., Ophir Services Pty.
Services Pty. Ltd. (Perusahaan) dan B.G. Ltd. (the Company) and B.G. Tanzania
Tanzania Limited (Para Tergugat) pada Limited (the Defendants) Block 1, 3, and
Blok 1, 3, dan 4 Tanzania (lanjutan) 4 Tanzania (continued)
(e) Perkara Perpajakan No. 96 Tahun (e) Taxation Cause No. 96 of 2022,
2022, Pengadilan Tinggi Tanzania High Court of Tanzania (Commercial
(Divisi Komersial) Division)
Tagihan biaya dalam Perkara The bill of costs in this taxation
Perpajakan ini muncul dari cause arose out of Commercial
Permohonan Komersial No. 19 Application No. 19 of 2022. It was
Tahun 2022. Dikenakan pajak, pada taxed, on September 9, 2022, at
9 September 2022, sebesar Shilling Shilling Tanzania 2,680,000
Tanzania 2.680.000 (setara dengan (equivalent to approximately
kurang lebih AS$1.165). Jumlah ini US$1,165). This amount would be
dapat diperoleh kembali melalui recoverable through execution by
eksekusi dengan melampirkan dan attachment and sale of Moto
menjual aset Moto Mabanga, tetapi Mabanga’s assets, but for similar
karena alasan yang sama seperti reasons as those stated in point (c)
yang disebutkan dalam poin (c) di above, this has so far not been
atas, sejauh ini hal tersebut tidak possible.
dapat dilakukan.
(f) Perkara Perpajakan No.57 Tahun (f) Taxation Cause No.57 of 2021,
2021, Pengadilan Banding Tanzania Court of Appeal of Tanzania
Tagihan biaya timbul dari Perkara The bill of costs arose out of Civil
Banding Perdata No. 119 Tahun Appeal No. 119 of 2021 instituted by
2021 yang diajukan oleh Moto Moto Mabanga against the decision
Mabanga terhadap putusan of the High Court (Commercial
Pengadilan Tinggi (Divisi Komersial) Division) in Commercial Case No. 43
dalam Perkara Komersial No. 43 of 2019. The bill of costs was taxed
Tahun 2019. Tagihan biaya tersebut on July 26, 2022 at Shilling Tanzania
dikenakan pajak pada tanggal 7,210,000 (equivalent to
26 Juli 2022 sebesar Shilling approximately US$3,130). For
Tanzania 7.210.000 (setara dengan similar reasons as stated in point (c)
kurang lebih AS$3.130). Dengan above, it has so far not been
alasan yang sama seperti pada butir possible to file an application for
(c) di atas, permohonan execution of the taxation order.
pelaksanaan perintah perpajakan
sampai saat ini belum dapat
diajukan.
470 PT Medco Energi Internasional Tbk 2023 Annual Report
312
Page 473
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
50. KONTINJENSI (lanjutan) 50. CONTINGENCIES (continued)
a. Litigasi (lanjutan) a. Litigations (continued)
iii. Gugatan Hukum dari PT Hago Igur iii. Lawsuit from PT Hago Igur Energy
Energy
Pada 11 Desember 2018, PT Hago Igur On December 11, 2018, PT Hago Igur
Energy sebagai Penggugat melalui kuasa Energy as the Plaintiff filed a suit in the
hukumnya mengajukan gugatan di South Jakarta District Court against Ophir
Pengadilan Negeri Jakarta Selatan Energy Indonesia (West Papua IV) 1
terhadap Ophir Energy Indonesia (West Limited, Ophir Energy Indonesia (Kofiau)
Papua IV) 1 Limited, Ophir Energy 1 Limited, Ophir Energy Indonesia
Indonesia (Kofiau) 1 Limited, Ophir (Halmahera-Kofiau) 1 Limited, Ophir
Energy Indonesia (Halmahera-Kofiau) 1 Energy Ltd. (collectively referred to as
Limited, Ophir Energy Ltd. (secara “Group”) and Niko (Neco) Ltd. as the
bersamaan disebut “Grup”) dan Niko Defendants and Armada Geoventures
(Neco) Ltd. sebagai Tergugat dan Pte. Ltd., Geodata Ventures Pte. Ltd.,
Armada Geoventures Pte. Ltd., Geodata Pusat Data dan Teknologi Informasi
Ventures Pte. Ltd., Pusat Data dan Kementerian Energi dan Sumber Daya
Teknologi Informasi Kementerian Energi Mineral (Pusdatin) dan Kementerian
dan Sumber Daya Mineral (Pusdatin) dan Energi dan Sumber Daya Mineral as the
Kementerian Energi dan Sumber Daya Co-defendant. Below is the claim:
Mineral sebagai turut-tergugat. Adapun
gugatan yang diajukan adalah sebagai
berikut:
a. Perbuatan Melawan Hukum atas a. The Tort of the 3D seismic data
penggunaan data seismik 3D di usage in Kofiau (2,248 km²),
Kofiau (2.248 km²), Halmahera- Halmahera-Kofiau (1,912 km²), and
Kofiau (1.912 km²), dan West Papua West Papua IV (2,415 km²) since
IV (2.415 km²) sejak 3 Maret 2012; March 3, 2012;
b. Grup untuk membayar biaya lisensi b. Group to pay the data license fee in
data dengan total AS$9.862.500, the amount of US$9,862,500, and
dan
c. Kerugian immaterial Rp100 miliar c. Immaterial loss in the amount of
dan menetapkan sita jaminan aset Rp100 billion and determine Group’s
Grup di Gedung Bursa Efek asset at Indonesia Stock Exchange
Indonesia lantai 15 #15-02 Tower II. Building 15th floor #15-02 Tower II
Jl. Jendral Sudirman Kav. 52-53 Jl. Jendral Sudirman Kav. 52-53
Jakarta Selatan 12190 (sebelumnya Jakarta Selatan 12190 (Ophir’s ex-
kantor Ophir). office) as the security seizure.
Pada tanggal 8 Maret 2021, Majelis On March 8, 2021, the Panel of Judges
Hakim telah memberikan putusan has rendered a case decision which in
perkara yang pada intinya menyatakan essence declare the Plaintiff’s lawsuit to
gugatan Penggugat tidak dapat diterima be inadmissible as follows:
sebagai berikut:
2023 Annual Report PT Medco Energi Internasional Tbk 471
313
Page 474
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
50. KONTINJENSI (lanjutan) 50. CONTINGENCIES (continued)
a. Litigasi (lanjutan) a. Litigations (continued)
iii. Gugatan Hukum dari PT Hago Igur iii. Lawsuit from PT Hago Igur Energy
Energy (lanjutan) (continued)
1. Dalam Gugatan: 1. In claim:
a. Dalam pengecualian: menolak a. In exception: rejects the
eksepsi Tergugat I, Tergugat II, exception from the Defendant I,
Tergugat IV, Turut-tergugat III, Defendant II, Defendant IV, Co-
dan Turut-tergugat IV; Defendant III, and Co-
Defendant IV;
b. Dalam pokok perkara: b. In merits case: declare the
menyatakan gugatan Plaintiff’s lawsuit to be
Penggugat tidak dapat inadmissible.
diterima.
2. Gugatan Balik: 2. In counterclaim:
a. Dalam pengecualian: menolak a. In exception: rejects the
Tergugat dalam Gugatan Balik Defendant in Counterclaim
(pengecualian Hago Igur); (Hago Igur's exception);
b. Dalam pokok perkara: menolak b. In merits case: rejects the
gugatan Penggugat dalam Plaintiff in Counterclaim
Gugatan Balik (PUSDATIN). (PUSDATIN)’s lawsuit.
Penggugat telah mengajukan banding The Plaintiff has submitted appeal which
yang sampai saat ini hanya menerima to date only received such information
informasi tersebut secara lisan dari verbally from the court registrar.
panitera pengadilan. Namun, However, based on the information
berdasarkan keterangan yang diberikan provided in the South Jakarta District
dalam laman Pengadilan Negeri Jakarta Court’s website the case dossier of
Selatan berkas perkara banding dikirim appeal was sent by the South Jakarta
oleh Pengadilan Negeri Jakarta Selatan District Court to the DKI Jakarta High
ke Pengadilan Tinggi DKI Jakarta pada Court on February 28, 2023.
tanggal 28 Februari 2023.
Pada tanggal 30 Agustus 2023, Majelis On August 30, 2023, the Panel of Judges
Hakim Pengadilan Tinggi DKI Jakarta at the DKI Jakarta High Court rendered
telah menjatuhkan putusan sebagai the following decision:
berikut:
(1) Menerima permohonan banding dari (1) Accept the appeal request from the
Pemohon Banding (dahulu Appeal Petitioner previously the
Penggugat); Plaintiff;
(2) Menguatkan Putusan Pengadilan (2) Uphold the Decision of the South
Negeri Jakarta Selatan Nomor 966/ Jakarta District Court Number 966/
Pdt.G/2018/PN Jkt.Sel. tanggal Pdt.G/2018/PN Jkt.Sel. dated
8 Maret 2021; March 8, 2021;
(3) Menghukum Pemohon Banding (3) Punish the Appeal Petitioner
(dahulu Penggugat), untuk (previously the Plaintiff), to pay all
membayar seluruh biaya case cost administration fees
administrasi perkara yang incurred at the appellate level, is
dikeluarkan pada pengadilan tingkat stipulated in the amount of
banding ditetapkan sebesar Rp150,000 (one hundred and fifty
Rp150.000 (seratus lima puluh ribu thousand Rupiah).
Rupiah).
However, until now, the Company has not
Namun hingga saat ini Perusahaan received the formal notification on such
belum menerima pemberitahuan resmi decision yet.
putusan tersebut.
472 PT Medco Energi Internasional Tbk 2023 Annual Report
314
Page 475
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
50. KONTINJENSI (lanjutan) 50. CONTINGENCIES (continued)
a. Litigasi (lanjutan) a. Litigations (continued)
iii. Gugatan Hukum dari PT Hago Igur iii. Lawsuit from PT Hago Igur Energy
Energy (lanjutan) (continued)
Grup menyatakan bahwa klaim tersebut The Group states that such claim has no
tidak memiliki dasar hukum sehingga, legal basis therefore, no provision has
tidak ada pencadangan atas gugatan been made for this lawsuit in the
tersebut pada laporan keuangan consolidated financial statements.
konsolidasian.
iv. Perkara Perdata No.30/PDT.G/2021/ iv. Civil Case No.30/PDT.G/2021/PN.LWK
PN.LWK antara Raflis Aminula Ali between Raflis Aminula Ali against JOB
melawan JOB Pertamina-Medco E&P Pertamina-Medco E&P Tomori Sulawesi
Tomori Sulawesi ("JOB Tomori") ("JOB Tomori")
Pada 29 Juni 2020, Raflis Aminula Ali On June 29, 2020, Raflis Aminula Ali
melalui kuasa hukumnya ("Penggugat") through his attorney ("Plaintiff") has
telah menyampaikan surat peringatan submitted a warning letter to JOB Tomori
kepada JOB Tomori terkait genangan air regarding the puddle that hit the plants on
yang melanda tanaman yang berada di the Plaintiff's land area of ± 8,365 m2
atas lahan Penggugat seluas ± 8.365 m2 ("Land") during the rainy season
("Tanah") ketika musim hujan terjadi, occurred, which came from a drainage of
yang berasal dari saluran pembuangan JOB Tomori.
air milik JOB Tomori.
Namun pada 12 April 2021, Penggugat However, on April 12, 2021, the Plaintiff
tetap mendaftarkan gugatan perbuatan continued to register the lawsuit on the
melawan hukum kepada Pengadilan basis of against the law in Luwuk District
Negeri Luwuk dengan dalil sebagai Court with the following arguments:
berikut:
a. Pembuatan saluran pembuangan a. The drainage construction of JOB
milik JOB Tomori dibangun di atas Tomori was built on the Land and
Tanah dan tidak pernah ada there was never any prior approval/
persetujuan/konfirmasi terlebih confirmation from the Plaintiff;
dahulu dari Penggugat;
b. Saluran pembuangan tersebut b. The drainage causes environmental
menyebabkan pencemaran pollution;
lingkungan;
c. Genangan air pada Tanah c. Stagnant water in the Land causes
menyebabkan sebagian besar most of the productive plants (such
tanaman produktif (seperti coklat, as cocoa, coconut, mango, avocado,
kelapa, mangga, alpukat, pisang, banana, etc.) in the Land are
dsb) yang berada pada Tanah damage.
tersebut gugur/rusak.
Atas hal tersebut, Penggugat menuntut: On this matter, the Plaintiff claim:
a. Ganti rugi atas kerugian material a. Compensation for material losses
(akibat gagal panen) dengan total (due to crop damage) of
sebesar Rp800.000.000 (delapan Rp800,000,000 (eight hundred
ratus juta Rupiah); million Rupiah);
b. Ganti rugi atas kerugian material b. Compensation for material losses in
biaya perkara sebesar the amount of Rp100,000,000 (one
Rp100.000.000 (seratus juta hundred million Rupiah);
Rupiah);
c. Ganti rugi atas kerugian imaterial c. Compensation for immaterial losses
karena tanaman yang mati sebesar due to damage crops in amount of
Rp450.000.000 (empat ratus lima Rp450,000,000 (four hundred and
puluh juta Rupiah); fifty million Rupiah);
2023 Annual Report PT Medco Energi Internasional Tbk 473
315
Page 476
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
50. KONTINJENSI (lanjutan) 50. CONTINGENCIES (continued)
a. Litigasi (lanjutan) a. Litigations (continued)
iv. Perkara Perdata No.30/PDT.G/2021/ iv. Civil Case No.30/PDT.G/2021/PN.LWK
PN.LWK antara Raflis Aminula Ali between Raflis Aminula Ali against JOB
melawan JOB Pertamina-Medco E&P Pertamina-Medco E&P Tomori Sulawesi
Tomori Sulawesi ("JOB Tomori") ("JOB Tomori") (continued)
(lanjutan)
Atas hal tersebut, Penggugat menuntut: On this matter, the Plaintiff claim:
(lanjutan) (continued)
d. Uang Paksa (Dwangsom) sebesar d. Penalty (Dwangsom) of
Rp3.000.000 (tiga juta Rupiah) per Rp3,000,000 (three million Rupiah)
hari. per day.
Sidang putusan dilaksanakan pada Verdict hearing concluded on March 2,
tanggal 2 Maret 2022. Majelis Hakim 2022. Judges stated that JOB Tomori did
menyatakan JOB Tomori tidak melakukan not conduct an environmental pollution
pencemaran lingkungan melainkan but destruction of land owned by the
perusakan tanah milik Penggugat, dan Plaintiff, and punish JOB Tomori to pay
menghukum JOB Tomori untuk Rp90,000,000 (ninety million rupiah) out
membayar sebesar Rp90.000.000 of the total claim amount from the Plaintiff
(sembilan puluh juta rupiah) dari jumlah originally claim is Rp1,300,000,000 (one
tuntutan Penggugat semula sebesar billion and three hundred million rupiah).
Rp1.300.000.000 (satu miliar tiga ratus
juta rupiah).
JOB Tomori telah mengajukan JOB Tomori have submitted the
permohonan banding pada tanggal 15 application of appeal on March 15, 2022.
Maret 2022, Pengadilan Tinggi Palu telah On July 26, 2022, Palu High Court have
mengeluarkan putusan pengadilan issued the verdict of this case which
perkara ini yang menguatkan putusan affirming the previous verdict of Luwuk
sebelumnya yang dikeluarkan oleh District Court.
Pengadilan Negeri Luwuk.
JOB Tomori telah mengajukan JOB Tomori has submitted cassation on
permohonan kasasi pada tanggal 30 September 30, 2022, against Palu High
September 2022 terhadap putusan Court verdict. On May 16, 2023, Supreme
Pengadilan Tinggi Palu. Pada tanggal Court have issued the verdict of this case
16 Mei 2023, Mahkamah Agung telah which affirming the previous verdict.
mengeluarkan putusan pengadilan
perkara ini yang menguatkan putusan
sebelumnya yang dikeluarkan oleh
Pengadilan Tinggi Palu.
JOB Tomori telah mengajukan perjanjian JOB Tomori has submitted the settlement
penyelesaian bersama dengan agreement along with the judicial review
permohonan peninjauan kembali pada on December 1, 2023, against Supreme
tanggal 1 Desember 2023 terhadap Court verdict.
putusan yang dikeluarkan Mahkamah
Agung.
Sampai dengan tanggal penyelesaian As of the completion date of the
laporan keuangan konsolidasian, Grup consolidated financial statements, the
masih menunggu putusan dari Group is still waiting for the verdict of the
Mahkamah Agung. Supreme Court.
Grup menyatakan bahwa klaim tersebut The Group is of the opinion that such
tidak memiliki dasar hukum sehingga, lawsuit does not have strong legal basis,
tidak ada pencadangan atas gugatan therefore, no provision was recognized
tersebut pada laporan keuangan for this lawsuit in its consolidated financial
konsolidasian. statements.
474 PT Medco Energi Internasional Tbk 2023 Annual Report
316
Page 477
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
50. KONTINJENSI (lanjutan) 50. CONTINGENCIES (continued)
a. Litigasi (lanjutan) a. Litigations (continued)
v. Gugatan Hukum terhadap PT Pelayanan v. Lawsuit to PT Pelayanan Listrik Nasional
Listrik Nasional Batam Batam
Pada tanggal 27 Agustus 2020, PT On August 27, 2020, PT Energi Listrik
Energi Listrik Batam (“ELB”) (Penggugat) Batam (“ELB”) (Plaintiff) filed a lawsuit
mengajukan gugatan kepada PT against PT Pelayanan Listrik Nasional
Pelayanan Listrik Nasional Batam Batam (Defendant) at the Indonesia
(Tergugat) di Badan Arbitrase Nasional National Board of Arbitration (BANI). The
Indonesia (BANI). Sidang pertama first hearing was held on
dilaksanakan pada tanggal December 7, 2020 with the result shall be
7 Desember 2020 dengan hasil yang decided within 180 days after the first
harus diputuskan dalam waktu 180 hari hearing. The claim was filed for a
sejak sidang pertama. Gugatan ini compensation payment of
diajukan menyangkut pembayaran Rp160,243,870,018 for an alleged breach
kompensasi sebesar Rp160.243.870.018 of contract by Defendant. In addition,
untuk dugaan pelanggaran kontrak oleh Plaintiff also claimed interest of
Tergugat. Selain itu, Penggugat juga Rp7,958,722,139 for the delay of
mengajukan klaim bunga sebesar payment by Defendant.
Rp7.958.722.139 atas keterlambatan
pembayaran oleh Tergugat.
Pada tanggal 13 Agustus 2021, BANI On August 13, 2021, BANI completed the
telah menyelesaikan pemeriksaan dan examination and decided the case by
memutus perkara dengan menjatuhkan imposing a Decision to accept part of the
Putusan untuk menerima sebagian Plaintiff’s demand by punishing the
tuntutan Penggugat dengan menghukum Defendant to pay compensation and
Tergugat untuk membayar ganti rugi dan indemnify the administrative, examination
mengembalikan biaya administrasi, and arbitration fees to the Plaintiff.
pemeriksaan dan arbiter kepada
Penggugat.
Pada tanggal 10 September 2021, BANI On September 10, 2021, BANI has
telah mendaftarkan salinan otentik registered an authentic copy of BANI
putusan BANI tanggal 13 Agustus 2021 decision dated August 13, 2021 to the
tersebut di Pengadilan Negeri Batam. Batam District Court.
Pengadilan Negeri Batam telah Batam District Court has issued decision
menerbitkan keputusan untuk menolak to reject BANI result on January 13, 2022.
putusan BANI pada tanggal On January 27, 2022 and
13 Januari 2022. Pada tanggal February 3, 2022, BANI and ELB
27 Januari 2022 dan 3 Februari 2022, submitted a deed of appeal on the Batam
BANI dan ELB menyampaikan nota District Court decision to the Supreme
banding atas putusan Pengadilan Negeri Court.
Batam ke Mahkamah Agung.
Pada tanggal 5 Juli 2022, Majelis Hakim On July 5, 2022, the Supreme Court
Mahkamah Agung telah memutuskan rejected the annulment of the BANI
untuk menolak pembatalan putusan arbitration decision by the Batam District
arbitrase BANI oleh Pengadilan Negeri Court and upheld the BANI arbitration
Batam dan menguatkan amar putusan decision in ELB favour.
arbitrase BANI untuk pihak ELB.
2023 Annual Report PT Medco Energi Internasional Tbk 475
317
Page 478
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
50. KONTINJENSI (lanjutan) 50. CONTINGENCIES (continued)
a. Litigasi (lanjutan) a. Litigations (continued)
v. Gugatan Hukum terhadap PT Pelayanan v. Lawsuit to PT Pelayanan Listrik Nasional
Listrik Nasional Batam (lanjutan) Batam (continued)
Pada tanggal 6 Maret 2023, Para Pihak On March 6, 2023, the parties signed the
menandatangani perjanjian penyelesaian agreement and implementation of the
dan pelaksanaan Putusan Mahkamah Supreme Court's decision with an
Agung dengan kesepakatan agreement of the settlement by ELB
penyelesaian dengan cara ELB akan would issue a bill of Rp77,389,399,990 as
menerbitkan tagihan sebesar a compensation and Rp1,225,882,900 as
Rp77.389.399.990 sebagai pelaksanaan a portion of administrative obligations.
ganti rugi dan Rp1.225.882.900 sebagai The issued bill paid by PLNB on
porsi kewajiban administrasi. PLNB telah March 31, 2023.
melakukan pembayaran atas tagihan
tersebut pada 31 Maret 2023.
Manajemen tidak menganggap Management did not account such
Keputusan Mahkamah Agung sebagai Supreme Court decision as an adjusting
kejadian setelah tanggal neraca yang event after the balance sheet date in the
memerlukan penyesuaian pada laporan Company's financial statements for the
keuangan Perusahaan untuk periode period ended December 31, 2023.
yang berakhir pada tanggal Therefore, no contingent assets are
31 Desember 2023. Oleh karena itu, tidak accounted in the consolidated financial
terdapat aset kontinjensi yang tercatat statements as of December 31, 2023.
pada laporan keuangan konsolidasian
pada tanggal 31 Desember 2023.
vi. Klaim Arbitrase terhadap Heritage vi. Arbitration Claim to Heritage Tanzania
Tanzania Kisangire Limited (“HTKL”) dan Kisangire Limited (“HTKL”) and Heritage
Heritage Oil Limited (“HOL”) Oil Limited (“HOL”)
Dominion Oil & Gas Limited (“Dominion”) Dominion Oil & Gas Limited (“Dominion”)
(entitas anak yang dimiliki secara tidak (a Tanzanian-registered wholly-owned
langsung oleh Perusahaan yang terdaftar indirect subsidiary of the Company) as
di Tanzania) sebagai Pemohon memulai the Plaintiff initiated an international
proses arbitrase internasional terhadap arbitration proceeding against HTKL as
HTKL sebagai Termohon I dan HOL the Respondent I and HOL as the
sebagai Termohon II (HTKL dan HOL Respondent II (HTKL and HOL as the
selanjutnya disebut Para Termohon) di Respondents) under ICC Arbitration
bawah Arbitrase ICC Perkara No. 22480/ under Case No. 22480/TO on
TO pada 16 Desember 2016. December 16, 2016.
Dominion menegaskan bahwa Termohon Dominion asserted that the First
I melanggar klausul ganti rugi Respondent breached the indemnity
berdasarkan Kisangire Farm-In clause under the Kisangire Farm-In
Agreement (FIA) dan perjanjian lisan Agreement (FIA) and subsequent oral
berikutnya berdasarkan FIA. Dominion agreements under the FIA. Dominion
berpendapat bahwa Termohon I wajib argued that the First Respondent were
mengganti kerugian yang dideritanya obliged to indemnify it for the losses it
akibat kegagalannya dalam memenuhi suffered as a result of its failure to fulfill
kewajiban kontraktual sebesar their contractual obligation in amount of
AS$9.418.500 sebagai Primary Claim US$9,418,500 as Primary Claim and
dan alternatifnya sebesar AS$12.000.000 alternatively US$12,000,000 as
sebagai Secondary Claim. Secondary Claim.
476 PT Medco Energi Internasional Tbk 2023 Annual Report
318
Page 479
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
50. KONTINJENSI (lanjutan) 50. CONTINGENCIES (continued)
a. Litigasi (lanjutan) a. Litigations (continued)
vi. Klaim Arbitrase terhadap Heritage vi. Arbitration Claim to Heritage Tanzania
Tanzania Kisangire Limited (“HTKL”) dan Kisangire Limited (“HTKL”) and Heritage
Heritage Oil Limited (“HOL”) (lanjutan) Oil Limited (“HOL”) (continued)
Pada 13 Mei 2019, Tribunal On May 13, 2019, the Tribunal issued its
mengeluarkan Putusan Final yang Final Award which stated (i) that the
menyatakan (i) bahwa klaim Penggugat Plaintiff’s claim against the First
terhadap Termohon I gagal dan ditolak, Respondent fail and are dismissed, (ii)
(ii) bahwa klaim Penggugat terhadap that the Plaintifft’s claim against the
Termohon II gagal karena kurangnya Second Respondent fail for lack of
yurisdiksi dan (iii) memerintahkan jurisdiction and (iii) it ordered Dominion to
Dominion untuk membayar kepada Para pay to the Respondents for their legal
Termohon untuk biaya hukum dan uang costs and their advance for the costs of
muka mereka untuk biaya arbitrase the arbitration (as paid previously to the
(sesuai yang telah dibayarkan ICC).
sebelumnya kepada ICC).
Pada tanggal 15 Agustus 2019, Ophir On August 15, 2019, Ophir Energy
Energy Limited untuk dan atas nama Limited on behalf of Dominion made
Dominion melakukan pembayaran ke payment to the Respondents through
Para Termohon melalui HOL sesuai HOL in accordance with its Letter of
dengan Letter of Undertaking yang Undertaking issued for this case.
diterbitkannya untuk kasus ini.
Pada tanggal 20 Januari 2020, ICC On January 20, 2020, the ICC informed
menginformasikan kepada para pihak the parties that, at the request of the
bahwa atas permintaan Para Termohon, Respondents, it had transferred an
ICC telah mengirimkan salinan asli dari original copy of the Final Award to the
Putusan Akhir ke Pengadilan Tinggi High Court of Tanzania for further
Tanzania untuk proses lebih lanjut. proceedings. Up to the completion date of
Sampai tanggal penyelesaian laporan the consolidated financial statements,
keuangan konsolidasian, tidak terdapat there is no further development on the
perkembangan lebih lanjut atas kasus case.
tersebut.
Grup berpendapat bahwa keputusan The Group is of the opinion that the final
akhir dari klaim ini tidak akan berdampak decision of this claim will not have a
signifikan pada laporan keuangan significant impact on its consolidated
konsolidasiannya. financial statements.
2023 Annual Report PT Medco Energi Internasional Tbk 477
319
Page 480
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
50. KONTINJENSI (lanjutan) 50. CONTINGENCIES (continued)
a. Litigasi (lanjutan) a. Litigations (continued)
vii. Gugatan Hukum Juwairiyah binti Umar vii. Lawsuit from Juwairiyah binti Umar Husin
Husin selaku Penggugat terhadap PT as the Plaintiff against PT Medco E & P
Medco E & P Indonesia (“MEPI”) sebagai Indonesia (“MEPI”) as the Defendant-1
Tergugat-1 dan PT Medco Energi and PT Medco Energi Internasional Tbk.
Internasional Tbk. (“MEI”) sebagai Turut (“MEI”) as the Co-Defendant-1
Tergugat-1
Pada tanggal 28 Maret 2022, Juwairiyah On March 28, 2022, Juwairiyah binti
binti Umar Husin (“Penggugat”) telah Umar Husin (“Plaintiff”) has filed a lawsuit
mengajukan gugatan berdasarkan based on unlawful act against MEPI as
perbuatan melawan hukum terhadap the Defendant-1, PT Gembala Sriwijaya
MEPI selaku Tergugat-1, PT Gembala as the Defendant-2, MEI as the Co-
Sriwijaya selaku Tergugat-2, MEI selaku Defendant-1, Bupati Ogan Ilir as the Co-
Turut Tergugat-1, Bupati Ogan Ilir selaku Defendant-2, Kantor Badan Pertanahan
Turut Tergugat-2, Kantor Badan Kabupaten Ogan Ilir as the Co-
Pertanahan Kabupaten Ogan Ilir selaku Defendant-3, Maria Mawahddah as the
Turut Tergugat-3, Maria Mawahddah Co-Defendant-4, Muaddab Mirost as the
selaku Turut Tergugat-4, Muaddab Mirost Co-Defendant-5, Nail Fatahillah as the
selaku Turut Tergugat-5, Nail Fatahillah Co-Defendant-6, M. Faizal as the Co-
selaku Turut Tergugat-6, M. Faizal selaku Defendant-7, registered at Kayuagung
Turut Tergugat-7, terdaftar di Pengadilan District Court under Case Number 19/
Negeri Kayuagung dengan Nomor Pdt.G/2022/PN.Kag.
Perkara 19/Pdt.G/2022/PN.Kag.
Penggugat meminta ganti rugi materiil The Plaintiff asked for material damage of
sebesar Rp2.250.000.000 (dua miliar dua Rp2,250,000,000 (two billion and two
ratus lima puluh juta rupiah) untuk hundred fifty million rupiah) for land
pembebasan tanah seluas 7.500m2 acquisition in the area of 7,500m2 (width
(lebar 15m x panjang 500m) dan 15m x length 500m) and immaterial
kerugian imateriil sebesar Rp750.000.000 damage of Rp750,000,000 (seven
(tujuh ratus lima puluh juta rupiah). hundred and fifty million rupiah).
Pada tanggal 23 Februari 2023, On February 23, 2023, Kayuagung
Pengadilan Negeri Kayuagung telah District Court has rendered the verdict
menjatuhkan putusan yang menyatakan which stated that Plaintiff's claim is
gugatan Penggugat tidak dapat diterima. inadmissible. On its legal considerations,
Dalam pertimbangan hukumnya, Majelis the Panel of Judges of the Case has
Hakim Perkara tersebut telah considered the exception from the
mempertimbangkan eksepsi dari Company as the basis of the verdict.
Perusahaan sebagai dasar putusan.
Sesuai dengan hukum acara yang In accordance with the procedural law,
berlaku, Penggugat telah mengajukan the Plaintiff has submit for an appeal on
banding pada tanggal 15 Maret 2023 ke March 15, 2023 to the Palembang High
Pengadilan Tinggi Palembang. Pada Court. On May 11, 2023, Palembang
tanggal 11 Mei 2023, Pengadilan Tinggi High Court rendered the verdict No.50/
Palembang menjatuhkan putusan No.50/ Pdt/B/2023/PTPlg which declares the
Pdt/B/2023/PTPlg yang menyatakan claim is inadmissible.
gugatan tidak dapat diterima.
Penggugat tidak mengajukan kasasi, dan The Plaintiff did not file cassation, and
oleh karena itu putusan Pengadilan therefore the verdict of the Palembang
Tinggi Palembang telah berkekuatan High Court has legally binding, and the
hukum tetap, dan perkara dianggap telah case is closed.
berakhir.
478 PT Medco Energi Internasional Tbk 2023 Annual Report
320
Page 481
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
50. KONTINJENSI (lanjutan) 50. CONTINGENCIES (continued)
a. Litigasi (lanjutan) a. Litigations (continued)
viii. Medco International Ventures Limited viii. Medco International Ventures Limited
(“MIVL”) dan National Oil Corporation (“MIVL”) against National Oil Corporation
(“NOC”) pada International Court of (“NOC”) at International Court of
Arbitration of the International Chamber Arbitration of the International Chamber
of Commerce (“ICC”) of Commerce (“ICC”)
Pada tanggal 15 Maret 2022 MIVL On 15 March 2022, MIVL commenced an
mengajukan arbitrase melalui ICC ICC arbitration against the National Oil
terhadap National Oil Company of Libya Company of Libya (the “NOC”) to enforce
(“NOC”) untuk mempertahankan hak-hak its contractual rights under an Exploration
kontraktualnya berdasarkan Exploration and Production Sharing Agreement
and Production Sharing Agreement (“EPSA”) and to protect MIVL’s right to
(“EPSA”) dan untuk melindungi hak-hak benefit from its investment in Area 47, in
MIVL untuk mendapatkan keuntungan Libya.
dari investasinya di Area 47, di Libya.
Keputusan untuk melakukan arbitrase The decision to arbitrate was taken in
diambil sebagai tanggapan atas upaya response to the NOC’s attempts to
NOC untuk menghindari kewajibannya circumvent its obligations under the
berdasarkan EPSA dan upaya EPSA and its further attempt to prevent
selanjutnya untuk mencegah MIVL MIVL from fully participating in the
berpartisipasi penuh dalam development and exploitation of Area 47
pengembangan dan eksploitasi Area 47 by, instead, seeking to develop Area 47
bahkan, sebaliknya, berusaha for the NOC’s sole benefit.
mengembangkan Area 47 untuk
keuntungan pribadi NOC.
MIVL meminta penegasan dalam bentuk MIVL seeks relief in the form of an order
perintah yang mengharuskan NOC untuk requiring the NOC to comply with its
mematuhi kewajibannya berdasarkan obligations under the EPSA and, in the
EPSA dan, sebagai alternatif, ganti rugi alternative, damages for all losses that
atas semua kerugian yang diderita oleh MIVL incurs because of NOC’s breaches
MIVL karena pelanggaran NOC terhadap of the EPSA. Those damages have yet to
EPSA. Kerugian-kerugian dimaksud be fully quantified.
belum sepenuhnya diperhitungkan.
Manajemen berkeyakinan bahwa MIVL Management believes that MIVL has
memiliki dasar faktual dan posisi hukum strong factual and legal grounds for
yang kuat untuk mengajukan arbitrase ini. contesting this arbitration.
2023 Annual Report PT Medco Energi Internasional Tbk 479
321
Page 482
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
50. KONTINJENSI (lanjutan) 50. CONTINGENCIES (continued)
a. Litigasi (lanjutan) a. Litigations (continued)
ix. Gugatan Hukum Fatmawati Binti Somad ix. Lawsuit from Fatmawati Binti Somad as
selaku Penggugat terhadap PT Medco the Plaintiff against PT Medco E & P
E & P Indonesia (“MEPI”) dan Para Indonesia (“MEPI”) and the other
Tergugat lainnya Defendants
Pada tanggal 24 Oktober 2022, On October 24, 2022, Fatmawati Binti
Fatmawati Binti Somad (“Penggugat”) Somad (“Plaintiff”) has filed a lawsuit
telah mengajukan gugatan berdasarkan based on unlawful act against MEPI as
perbuatan melawan hukum terhadap the Defendant-1, Sutarno as the
MEPI selaku Tergugat-1, Sutarno selaku Defendant-2, Suyatman as the
Tergugat-2, Suyatman selaku Tergugat-3, Defendant-3, Dulrahman as the
Dulrahman selaku Tergugat-4, A Kadun Defendant-4, A Kadun bin Wijiutomo as
bin Wijiutomo selaku Tergugat-5, Febrian the Defendant-5, Febrian bin Isdianto
bin Isdianto Yuwono selaku Tergugat-6, Yuwono as the Defendant-6, Fitri bin Bani
Fitri bin Bani selaku Tergugat-7, Agus as the Defendant-7, Agus Wiyoko as the
Wiyoko selaku Turut Tergugat-1, Co-Defendant-1, Sahrianto as the Co-
Sahrianto selaku Turut Tergugat-2, Defendant-2, Surkan as the Co-
Surkan selaku Turut Tergugat-3, Sahani Defendant-3, Sahani as the Co-
selaku Turut Tergugat-4, terdaftar di Defendant-4, registered at Lubuklinggau
Pengadilan Negeri Lubuklinggau dengan District Court under Case Number
Nomor Perkara 42/Pdt.G/2022/PN.Llg. 42/Pdt.G/2022/PN.Llg.
Penggugat meminta tanah sengketa The Plaintiff filed a claim for land covering
seluas 4Ha dikembalikan kepada an area of 4Ha to be returned to the
Penggugat dan ganti rugi materiil sebesar Plaintiff and material damage of
Rp6.000.000.000 (enam miliar rupiah). Rp6,000,000,000 (six billion rupiah).
Pada tanggal 27 September 2023, On September 27, 2023, the
Pengadilan Negeri Lubuklinggau telah Lubuklinggau District Court have issued a
mengeluarkan putusan yang pada verdict, in principal to refuse the law suit
intinya, menolak gugatan Penggugat. of the Plaintiff.
Sesuai hukum acara, Penggugat telah In accordance with the procedural law,
mengajukan banding pada tanggal the Plaintiff has submitted for an appeal
10 Oktober 2023, dan Pengadilan Tinggi on October 10, 2023, and Palembang
Palembang pada tanggal 12 Desember High Court on December 12, 2023,
2023 mengeluarkan putusan yang issued the verdict which affirming the
menguatkan putusan Pengadilan Negeri previous verdict of Lubuklinggau District
Lubuklinggau sebelumnya. Court.
Penggugat tidak mengajukan kasasi, dan The Plaintiff did not file cassation, and
oleh karena itu putusan Pengadilan therefore the verdict of the Palembang
Tinggi Palembang telah berkekuatan High Court has legally binding, and the
hukum tetap, dan perkara dianggap telah case is closed.
berakhir.
480 PT Medco Energi Internasional Tbk 2023 Annual Report
322
Page 483
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
50. KONTINJENSI (lanjutan) 50. CONTINGENCIES (continued)
a. Litigasi (lanjutan) a. Litigations (continued)
x. Proses Litigasi PT Medco Ratch Power x. PT Medco Ratch Power Riau Litigation
Riau Process
Novia Corry (Penggugat 1) dan Fenny Novia Corry (Plaintiff 1) and Fenny Wong
Wong (Penggugat 2) mengajukan (Plaintiff 2) filed a lawsuit against PT Lotte
gugatan terhadap PT Lotte Engineering & Engineering & Construction Co. Ltd
Construction Co. Ltd (Tergugat 1) dan (Defendant 1) and MRPR (Defendant 2) at the
MRPR (Tergugat 2) di Pengadilan Negeri South Jakarta District Court on the basis of
Jakarta Selatan atas dasar perbuatan unlawful act. The Plaintiffs claim to suffer loss
melawan hukum. Para Penggugat due to dredging and excavation of landfill
mengklaim menderita kerugian akibat activities in Plaintiff’s land carried out by
kegiatan pengerukan dan penggalian di Defendant 1. The lawsuit claim to Defendant 1
tanah Penggugat yang dilakukan oleh is to pay compensation in the amount of Rp10
Tergugat 1. Gugatan terhadap Tergugat 1 billion while the lawsuit claim to Defendant 2 is
adalah ganti rugi sebesar Rp10 miliar to pay penalty in the amount of Rp1 million for
sedangkan gugatan terhadap Tergugat 2 every day of delay in implementing the court
adalah membayar denda sebesar Rp1 decision.
juta untuk setiap hari keterlambatan
dalam melaksanakan putusan
pengadilan.
Pada 18 April 2023, Pengadilan Negeri On April 18, 2023, the District Court issued
mengeluarkan putusan di mana Tergugat decision in which Defendant 2 is sentenced to
2 dihukum membayar biaya perkara pay court cost of Rp986,000 (nine hundred
sebesar Rp986.000 (sembilan ratus eighty six thousand of Rupiah).
delapan puluh enam ribu Rupiah).
Pada tanggal 26 Januari 2024, On January 26, 2024, the Jakarta Hight Court
Pengadilan Tinggi Jakarta menguatkan upholds the decision of District Court.
putusan Pengadilan Negeri.
Pada 26 Februari 2024, MRPR telah On February 26, 2024, MRPR has submitted a
mengajukan kasasi ke Mahkamah Agung cassation to the Supreme Court of the
Republik Indonesia atas putusan Republic of Indonesia on the Jakarta Hight
Pengadilan Tinggi Jakarta. Grup Court decision. The Group states that such
menyatakan bahwa klaim terhadap claim to MRPR has no legal basis, therefore
MRPR tidak memiliki dasar hukum, oleh no provision has been made for this lawsuit in
karena itu tidak ada ketentuan yang the consolidated financial statements.
dibuat untuk gugatan ini dalam laporan
keuangan konsolidasi.
2023 Annual Report PT Medco Energi Internasional Tbk 481
323
Page 484
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
50. KONTINJENSI (lanjutan) 50. CONTINGENCIES (continued)
a. Litigasi (lanjutan) a. Litigations (continued)
x. Gugatan Hukum Ilyas Basyah melawan x. Lawsuit from Ilyas Basyah against PT Medco
PT Medco E & P Malaka (“MEPM”) E & P Malaka (“MEPM”)
Pada tanggal 29 Januari 2024, Ilyas On January 29, 2024, Ilyas Basyah (Plaintiff),
Basyah (Penggugat) melalui kuasa through his attorney filed a lawsuit against
hukumnya mengajukan gugatan terhadap several Defendants including MEPM (as
beberapa Tergugat diantaranya MEPM Defendant V) and several Co-Defendants to Idi
(selaku Tergugat V) dan beberapa Turut District Court, which registered on
Tergugat ke Pengadilan Negeri Idi yang February 2, 2024. The lawsuit filed by Ilyas
didaftarkan pada tanggal Basyah is related to unlawful act and the
2 Februari 2024. Gugatan diajukan oleh demand compensation from all the Defendants
Ilyas Basyah terkait dengan perbuatan for the sale and purchase transaction and/or
melawan hukum dan tuntutan ganti rugi release of rights of plot of land at Gampong
dari seluruh Tergugat atas transaksi jual Blang Nisam Sub-district Indra Makmur, Aceh
beli dan/atau pelepasan hak atas tanah di Timur.
Gampong Blang Nisam Kecamatan Indra
Makmur, Aceh Timur.
Penggugat menghendaki Pengadilan The Plaintiff wishes Idi District Court to declare
Negeri Idi menyatakan seluruh Tergugat all the Defendants are jointly and severally pay
secara tanggung renteng membayar to the Plaintiff of material losses amounting to
kepada Penggugat kerugian materiil Rp1,700,000,000 and immaterial losses
sebesar Rp1.700.000.000 dan kerugian amounting to Rp5,000,000,000.
imateriil sebesar Rp5.000.000.000.
Proses mediasi dilakukan beberapa kali The mediation process conducted several
selama bulan Februari dan Maret 2024 times during February and March 2024 and
dan karena semua Tergugat menolak due to all the Defendants refuse to agree of
menyetujui usulan Penggugat, maka the Plaintiff’s proposal, the mediation declared
mediasi dinyatakan gagal. fail.
Gugatan berlanjut ke pemeriksaan pokok The lawsuit continues to the examination of the
bahasan dan sidang pertama akan main subject and the first hearing will be on
dilaksanakan pada 1 April 2024. April 1, 2024.
Grup berpendapat bahwa gugatan The Group is in the opinion that such lawsuit
tersebut belum mempunyai dasar hukum does not have strong legal basis, and still in
yang kuat dan masih dalam proses the hearing process, therefore, theres is no
persidangan sehingga tidak ada provision recognized for this lawsuit in its
penyisihan yang diakui atas gugatan consolidated financial statements.
tersebut dalam laporan keuangan
konsolidasiannya.
b. Klaim dari Audit oleh Pemerintah dan Mitra b. Government and Joint Operations Audit
Operasi Bersama Claims
Resolusi atas klaim yang tidak disetujui dapat Resolution of disputed claims may require a
memerlukan waktu pembahasan yang lama lengthy negotiation process extending over a
hingga beberapa tahun. Pada tanggal number of years. As of December 31, 2023,
31 Desember 2023, temuan audit Pemerintah the outstanding Government audit findings,
yang belum selesai terhadap klaim yang mainly relates to cost not eligible for cost
sebagian besar terkait dengan biaya yang recovery for the years 2012 until 2021.
tidak dapat di cost recovery dari tahun 2012 Management believes that the Group has
sampai dengan 2021. Manajemen meyakini strong position against these claims, and
bahwa Grup memiliki posisi kuat dalam therefore, no provisions have been made for
menghadapi tuntutan, dan oleh karena itu, these claims.
tidak terdapat provisi yang dicadangkan atas
klaim yang ada.
482 PT Medco Energi Internasional Tbk 2023 Annual Report
324
Page 485
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
50. KONTINJENSI (lanjutan) 50. CONTINGENCIES (continued)
c. Kewajiban kepada Pihak Penjamin c. Surety Obligations
Medco Energi US LLC (MEUS) secara Medco Energi US LLC (MEUS) is contingently
kontinjen berkewajiban kepada perusahaan liable to a surety insurance company in the
asuransi penjamin dengan jumlah keseluruhan aggregate amount of US$3,000,000 as of
sebesar AS$3.000.000 pada tanggal December 31, 2023 related to a bond issued
31 Desember 2023 terkait penerbitan obligasi on MEUS’s behalf to The United States
atas nama MEUS kepada The United States Bureau of Ocean Energy Management
Bureau of Ocean Energy Management (BOEM). The bond is a third party guarantee
(BOEM). Obligasi tersebut merupakan jaminan by the surety insurance company that MEUS
pihak ketiga dari perusahaan asuransi will operate in accordance with applicable rules
penjamin bahwa MEUS akan beroperasi and regulations and perform certain Plugging
sesuai dengan aturan dan ketentuan yang and Abandonment obligations as specified by
diterapkan dan akan melakukan kewajiban applicable purchase and sale and lease
Plugging and Abandonment seperti disebut agreements. On the completion date of the
dalam perjanjian jual beli dan perjanjian sewa consolidated financial statements, Sanare
guna usaha. Pada tanggal penyelesaian Energy Partners, LLC as the buyer of Blocks
laporan keuangan konsolidasian, Sanare Main Pass 64 and 65 has replaced certain of
Energy Partners, LLC sebagai pembeli dari MEUS’s surety obligations and has been
Blok Main Pass 64 dan 65 telah melakukan changed administratively in BOEM.
beberapa penggantian kewajiban MEUS atas
obligasi tersebut kepada pihak penjamin dan
telah diubah secara administratif di BOEM.
51. LIABILITAS PEMBONGKARAN ASET DAN 51. ASSET ABANDONMENT AND SITE
RESTORASI AREA DAN PROVISI LAIN-LAIN RESTORATION OBLIGATIONS AND OTHER
PROVISIONS
Mutasi liabilitas pembongkaran aset dan restorasi The movements in asset abandonment and site
area adalah sebagai berikut: restoration obligations are as follows:
2023 2022
Indonesia Indonesia
Saldo awal 230.420.425 164.707.800 Beginning balance
Akresi selama tahun berjalan 9.841.802 5.066.756 Accretion during the year
Penambahan selama tahun berjalan – 14.599.093 Addition during the year
Akuisisi entitas anak – 83.896.676 Acquisition of subsidiary
Penyesuaian (13.134.107) (37.849.900) Adjustment
Saldo akhir 227.128.120 230.420.425 Ending balance
Rekening yang dicadangkan (164.820.149) (159.656.045) Escrow accounts
Saldo akhir - neto 62.307.971 70.764.380 Ending balance - net
Internasional International
Saldo awal 51.199.514 130.906.685 Beginning balance
Akresi selama tahun berjalan 1.543.478 2.972.943 Accretion during the year
Akuisisi entitas anak 28.509.367 – Acquisition of subsidiary
Reklasifikasi ke dimiliki untuk dijual – (49.196.352) Reclassification to held for sale
Penyesuaian 1.107.969 (33.483.762) Adjustment
Saldo akhir 82.360.328 51.199.514 Ending balance
Jumlah 144.668.299 121.963.894 Total
2023 Annual Report PT Medco Energi Internasional Tbk 483
325
Page 486
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
51. LIABILITAS PEMBONGKARAN ASET DAN 51. ASSET ABANDONMENT AND SITE
RESTORASI AREA DAN PROVISI LAIN-LAIN RESTORATION OBLIGATIONS AND OTHER
(lanjutan) PROVISIONS (continued)
Manajemen berkeyakinan bahwa akumulasi Management believes that the accumulated
penyisihan pada tanggal laporan posisi keuangan provisions as of the dates of the consolidated
konsolidasian telah cukup untuk menutup semua statements of financial position are sufficient to
liabilitas yang timbul dari kegiatan pembongkaran meet the environmental obligations resulting from
aset dan restorasi area di masa depan. Estimasi future asset abandonment and site restoration.
tersebut ditelaah setiap tahun dan disesuaikan bila These estimates are reviewed on annual basis and
diperlukan. Kisaran tingkat diskonto dan tingkat adjusted if required. The range of discount rate and
inflasi yang digunakan dalam perhitungan adalah inflation rate used in the calculation are as follows:
sebagai berikut:
2023 2022
Tingkat diskonto 2,71% - 7,34% 3,01% - 5,68% Discount rates
Tingkat inflasi 2,00% - 2,58% 2,48% Inflation rates
Rekening yang dicadangkan yang tercantum di atas The escrow accounts as mentioned above are
ditempatkan untuk mendanai liabilitas placed for the funding of asset abandonment and
pembongkaran aset dan restorasi area sehubungan site restoration obligations relating to oil and gas
dengan operasi minyak dan gas. operations.
52. TIMUR TENGAH DAN AFRIKA UTARA 52. MIDDLE EAST AND NORTH AFRICA
Grup memiliki kontrak kerja sama operasi untuk The Group has oil and gas exploration and
eksplorasi dan produksi minyak dan gas bumi di production joint operations contracts in Libya and
Libya dan Yaman serta kontrak jasa minyak dan Yemen and oil and gas service contract in Oman.
gas bumi di Oman.
53. RISIKO OPERASIONAL 53. OPERATIONAL RISKS
Operasi Grup di sektor minyak dan gas bumi terkait The Group’s operations in the oil and gas sector are
dengan bahaya dan risiko bawaan pada saat subject to hazards and inherent risks in drilling,
pengeboran, produksi, dan transportasi atas gas production, and transportation of natural gas and
alam dan minyak seperti kebakaran, bencana alam, oil, such as fires, natural disasters, explosions,
ledakan, menghadapi formasi dengan tekanan yang encountering formations with abnormal pressures,
abnormal, semburan liar, amblas, pipa patah dan blowouts, cratering, pipeline ruptures and spills,
bocor yang dapat menyebabkan kehilangan which can result in the loss of hydrocarbons,
hidrokarbon, polusi lingkungan, klaim atas cedera environmental pollution, personal injury claims and
perorangan dan kerusakan lain atas aset tetap other damage to properties of the Group.
Grup. Sebagai tambahan, terdapat aktivitas minyak Additionally, some of the Group’s oil and natural
dan gas bumi tertentu Grup yang dilakukan di gas operations are located in areas that are subject
wilayah yang menghadapi gangguan cuaca tropis, to tropical weather disturbances, some of which can
yang dapat menyebabkan kerusakan yang be severe enough to cause substantial damage to
substansial atas fasilitas dan menghambat facilities and possibly interrupt production.
produksi.
Sebagai perlindungan terhadap risiko operasional As protection against operational risks, the Group
tersebut, Grup mempunyai perlindungan asuransi, maintains insurance coverage against some, but
namun tidak atas semua kerugian yang potensial. not all potential losses. The Group’s insurance
Perlindungan asuransi Grup untuk aktivitas coverage for its oil and gas exploration and
eksplorasi dan produksi gas dan minyak bumi production activities include, but is not limited to,
meliputi, tetapi tidak terbatas pada kerusakan loss of wells, blowouts and certain costs of pollution
sumur, semburan liar dan beberapa biaya tertentu control, physical damage to certain assets,
untuk pengendalian polusi, kerusakan fisik aset employer’s liability, comprehensive general liability,
tertentu, kewajiban terhadap karyawan, kewajiban automobile and workers compensation insurance.
umum yang komprehensif, asuransi kendaraan dan
kompensasi pekerja.
484 PT Medco Energi Internasional Tbk 2023 Annual Report
326
Page 487
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
54. TRANSAKSI NON-KAS 54. NON-CASH TRANSACTIONS
Transaksi non-kas terdiri dari: Non-cash transactions consist of:
2023 2022
Penambahan aset hak guna melalui Additions of right of use
liabilitas sewa 180.240.515 95.793.932 asset involving lease of liabilities_
Reclassification from
Reklasifikasi dari aset eksplorasi dan exploration and evaluation asset to
evaluasi ke aset konsesi 94.658.565 – concession financial assets
Addition to
Penambahan pada aset konsesi 31.274.606 25.683.146 concession financial assets
Reklasifikasi dari aset eksplorasi dan Reclassification from
evaluasi ke aset minyak dan gas exploration and evaluation asset to
bumi 34.653.794 5.554.387 oil and gas properties
Beban pendanaan yang berasal dari Financing charges from
akresi liabilitas restorasi area dan accretion in asset abandonment and
pembongkaran aset 11.385.280 8.039.699 site restoration obligations
Additions (deductions) of oil and gas
Penambahan (pengurangan) aset properties involving asset
minyak dan gas melalui liabilitas abandonment and site restoration
pembongkaran aset (12.026.138) (37.065.340) obligations
Pengurangan aset minyak dan gas Deduction to oil and gas
bumi karena reklasifikasi ke aset properties due to reclassification to
dimiliki untuk dijual (119.212.260) (58.229.534) asset held for sale
Pengurangan aset eksplorasi dan Deduction of exploration
evaluasi akibat sumur kering – (483.489) and evaluation asset due to dry hole
Pengurangan aset minyak dan gas Deduction of oil and gas
bumi akibat penurunan nilai (58.972.822) (2.149.318) properties due to impairment
Jumlah 162.001.540 37.143.483 Total
2023 Annual Report PT Medco Energi Internasional Tbk 485
327
Page 488
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
55. PERUBAHAN LIABILITAS KEUANGAN YANG 55. CHANGES IN FINANCIAL LIABILITIES ARISING
TIMBUL DARI AKTIVITAS PENDANAAN FROM FINANCING ACTIVITIES
Tabel di bawah ini menyajikan perubahan liabilitas The following table sets out the changes of the
keuangan Grup yang timbul dari aktivitas Group’s financial liabilities arising from financing
pendanaan: activities:
2023
Mutasi
Valuta
Arus Kas Asing/
Arus Kas Keluar/ Foreign
1 Januari/ Masuk/ Cash Exchange Lain-lain/ 31 December/
January 1 Cash Inflows Outflows Movement Others1) December 31
Pinjaman bank jangka pendek 35.000.000 308.693.070 (250.000.000) – 53.902.743 147.595.813 Short-term bank loans
Liabilitas derivatif Derivative liabilities
- Jangka pendek 16.981.738 – (12.354.389) – 4.362.045 8.989.394 Current -
Pinjaman jangka panjang yang
jatuh tempo dalam satu Current maturities of long-term
tahun: debt:
- Pinjaman bank 286.993.328 94.000.000 (415.427.488) 189.853 190.857.914 156.613.607 Bank loans -
- Pinjaman dari instansi Loans from non-bank -
keuangan non-bank 3.369.245 – (3.474.375) 68.845 3.474.375 3.438.090 financial institution
- Obligasi rupiah 110.623.276 – (114.812.887) 4.184.819 87.857.809 87.853.017 Rupiah bonds -
Liabilitas sewa 101.784.419 – (139.890.195) (623.420) 162.553.775 123.824.579 Lease liabilities
Pinjaman jangka
panjang - setelah dikurangi
bagian jatuh tempo dalam Long-term debt net of current
setahun: maturities:
- Pinjaman bank 562.023.805 401.174.798 (93.727.234) 9.381.689 (187.496.239) 691.356.819 Bank loans -
- Pinjaman dari instansi Loans from non-bank
keuangan non-bank 16.455.848 7.858.385 – 372.532 (3.474.375) 21.212.390 financial institution -
- Obligasi Rupiah 436.751.561 66.392.245 – 6.809.394 (87.678.793) 422.274.407 Rupiah bonds -
- Obligasi Dolar AS 1.699.945.971 500.000.000 (397.169.000) – (37.704.674) 1.765.072.297 US Dollar bonds -
Liabilitas derivatif Derivative liabilities
- Jangka panjang 9.822.831 – – – 455.375 10.278.206 Non-current -
Liabilitas sewa 84.446.201 – – – 30.190.631 114.636.832 Lease liabilities
Jumlah liabilitas keuangan Total financing liabilities
dari aktivitas pendanaan 3.364.198.223 1.378.118.498 (1.426.855.568) 20.383.712 217.300.586 3.553.145.451 from financing activities
486 PT Medco Energi Internasional Tbk 2023 Annual Report
328
Page 489
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
55. PERUBAHAN LIABILITAS KEUANGAN YANG 55. CHANGES IN FINANCIAL LIABILITIES ARISING
TIMBUL DARI AKTIVITAS PENDANAAN FROM FINANCING ACTIVITIES (continued)
(lanjutan)
Tabel di bawah ini menyajikan perubahan liabilitas The following table sets out the changes of the
keuangan Grup yang timbul dari aktivitas Group’s financial liabilities arising from financing
pendanaan (lanjutan): activities (continued):
2022
Mutasi
Valuta
Asing/
Arus Kas Arus Kas Foreign
1 Januari/ Masuk/ Keluar/ Exchange Lain-lain/ 31 Desember/
January 1 Cash Inflows Cash Outflows Movement Others1) December 31
Pinjaman bank jangka pendek – 251.500.000 (216.500.000) – – 35.000.000 Short-term bank loans
Liabilitas derivatif
Derivative liabilities
- Jangka pendek 8.490.102 – (36.173.009) – 44.664.645 16.981.738 Current -
Pinjaman jangka panjang
yang jatuh tempo dalam Current maturities of long-
satu tahun: term debt:
- Pinjaman bank 194.127.151 454.039.271 (319.741.255) (2.139.970) (39.291.869) 286.993.328 Bank loans -
- Pinjaman dari instansi Loans from non-bank -
keuangan non-bank 46.088 – (1.798.911) (20.458) 5.142.526 3.369.245 financial institution
- Obligasi rupiah 121.312.147 – (119.126.334) (2.655.149) 111.092.612 110.623.276 Rupiah bonds -
Liabilitas sewa 95.261.352 – (121.482.295) (184.331) 128.189.693 101.784.419 Lease liabilities
Pinjaman jangka
panjang - setelah dikurangi
bagian jatuh tempo dalam Long-term debt net of current
setahun: maturities:
- Pinjaman bank 231.466.519 336.237.395 – 6.969.686 (12.649.795) 562.023.805 Bank loans -
- Pinjaman dari instansi Loans from non-bank -
keuangan non-bank 1.280.187 – – (1.024.248) 16.199.909 16.455.848 financial institution
- Obligasi Rupiah 317.506.569 270.032.349 – (37.989.536) (112.797.821) 436.751.561 Rupiah bonds -
- Obligasi Dolar AS 2.123.461.313 – (407.601.000) – (15.914.342) 1.699.945.971 US Dollar bonds -
Liabilitas derivatif Derivative liabilities
- Jangka panjang 10.190.387 – – – (367.556) 9.822.831 Non-current -
Liabilitas sewa 127.069.787 – – – (42.623.586) 84.446.201 Lease liabilities
Jumlah liabilitas keuangan Total financing liabilities
dari aktivitas pendanaan 3.230.211.602 1.311.809.015 (1.222.422.804) (37.044.006) 81.644.416 3.364.198.223 from financing activities
1) Lain-lain terdiri atas biaya transaksi, amortisasi diskonto yang belum 1) Others consist of transaction cost, amortization of unamortized discount,
diamortisasi, akresi bunga, reklasifikasi pinjaman jangka panjang dan accretion, reclassification of loans from non-current to current portion,
jangka pendek, perubahan nilai wajar, dan penambahan aset hak guna change in fair value, and additions of right of use assets involving lease
melalui liabilitas sewa. liabilities.
2023 Annual Report PT Medco Energi Internasional Tbk 487
329
Page 490
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
56. PERISTIWA SETELAH PERIODE PELAPORAN 56. EVENTS AFTER THE REPORTING PERIOD
i. Pada tanggal 1 Januari 2024, Medco Energi i. On January 1, 2024, Medco Energi Madura
Madura Offshore Pty. Ltd. menandatangani Offshore Pty. Ltd. signed a Gas Sales
Perjanjian Jual Beli Gas ("PJBG") dengan PT Agreement ("GSA") with PT Sarana Cepu
Sarana Cepu Energi ("SCE") dengan Jumlah Energi ("SCE") with an indication of Total
Maksimum Kontrak Keseluruhan ("JMKK") Contract Maximum Quantity ("TCQM") of 3.62
sebesar 3,62 TBTU. TBTU.
ii. Pada tanggal 11 Januari 2024, sebanyak ii. On January 11, 2024, 26,006,000 and
26.006.000 dan 4.234.000 lembar saham 4,234,000 of treasury shares have been
tresuri telah dikeluarkan untuk memenuhi distributed to the respected Executive Level
Program MSAP Executive Level dan Senior and Senior Management Level for the MSAP
Management Level. Program.
iii. Pada tanggal 18 Januari 2024, Medco Power iii. On January 18, 2024, Medco Power Indonesia
Indonesia menerbitkan Sukuk Wakalah issued a Shelf Registered Sukuk Wakalah I
Berkelanjutan I Tahap III Tahun 2024 sebesar Phase III of 2024 for Rp750,000,000,000
Rp750.000.000.000 yang terbagi dalam tiga consisting of three tranches:
seri yaitu:
• Seri A sebesar Rp175.995.000.000 • Tranche A Rp175,995,000,000 with
dengan tenor 3 tahun; 3-year tenor;
• Seri B sebesar Rp494.490.000.000 • Tranche B Rp494,490,000,000 with
dengan tenor 5 tahun; 5-year tenor;
• Seri C sebesar Rp79.515.000.000 • Tranche C Rp79,515,000,000 with 7-
dengan tenor 7 tahun. year tenor.
iv. Pada tanggal 25 Januari 2024, MPI iv. On January 25, 2024, MPI has made voluntary
melakukan pelunasan dipercepat sebesar repayment amounting to US$11,000,000 to PT
AS$11.000.000 kepada PT Bank Woori Bank Woori Saudara Indonesia 1906 Tbk.
Saudara Indonesia 1906 Tbk.
v. Pada tanggal 26 Januari 2024, MPI v. On January 26, 2024, MPI has made voluntary
melakukan pelunasan dipercepat sebesar repayment amounting to Rp190,000,000,000
Rp190.000.000.000 kepada PT Bank Mandiri to PT Bank Mandiri (Persero) Tbk.
(Persero) Tbk.
vi. Pada tanggal 2 Februari 2024, Medco E&P vi. On February 2, 2024, Medco E&P Corridor
Corridor Holding Limited ("Pembeli") dan Holding Limited (the "Purchaser") and Repsol
Repsol Transgasindo S.a.r.l ("Penjual") Transgasindo S.a.r.l (the "Seller") signed a
menandatangani Perjanjian Jual Beli Saham Share Purchase and Sales Agreement to
untuk mengalihkan 15% kepemilikan saham transfer 15% shares and 33,737,289
dan 33.737.289 saham preferen yang dapat redeemable preference shares of US$1 each,
ditebus sebesar AS$1 per saham preferen, di in Transasia Pipeline Company Pvt. Ltd.
Transasia Pipeline Company Pvt. Ltd. Subject to satisfaction of the conditions
Bergantung kepada pemenuhan persyaratan precedent and completion, the Company's
pendahuluan dan penyelesaian transaksi, ownership in Transasia will be 50%.
Perusahaan akan memiliki 50% kepemilikan di
Transasia.
vii. Pada tanggal 7 Februari 2024, MPI melakukan vii. On February 7, 2024, MPI has made voluntary
pelunasan dipercepat sebesar AS$7.200.000 repayment amounting to US$7,200,000 to PT
PT Bank Syariah Indonesia Tbk. Bank Syariah Indonesia Tbk.
488 PT Medco Energi Internasional Tbk 2023 Annual Report
330
Page 491
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
56. PERISTIWA SETELAH PERIODE PELAPORAN 56. EVENTS AFTER THE REPORTING PERIOD
(lanjutan) (continued)
viii. Pada tanggal 13 Februari 2024, Perusahaan viii. On February 13 2024, the Company issued a
menerbitkan Obligasi Berkelanjutan Rupiah Shelf Registered Rupiah Bond for
sebesar Rp1.500.000.000.000 ("PUB V Tahap Rp1,500,000,000,000 ("PUB V Phase II")
II") yang terbagi dalam tiga seri yaitu: consisting of three tranches:
• Seri A sebesar Rp208.855.000.000 • Tranche A amounting
dengan tenor 3 tahun; Rp208,855,000,000 with 3-year
• Seri B sebesar Rp427.955.000.000 tenor;
dengan tenor 5 tahun; • Tranche B amounting
• Seri C sebesar Rp863.190.000.000 Rp427,955,000,000 with 5-year
dengan tenor 7 tahun. tenor;
• Tranche C amounting
Rp863,190,000,000 with 7-year
tenor.
Perusahaan juga telah melakukan transaksi The Company has entered into a “Cross
“Pertukaran Mata Uang Silang” (“CCS”) untuk Currency Swap” (“CCS”) for the Rupiah
mengubah liabilitas Rupiah menjadi Dolar AS liabilities to US Dollar in which the Company
di mana Perusahaan akan membayar suku will pay fixed US Dollar interest rate and
bunga tetap dalam Dolar AS dan menerima receive fixed Rupiah interest rate.
suku bunga tetap dalam Rupiah.
ix. Pada tanggal 17 Februari 2024, PT Medco ix. On February 17, 2024, PT Medco Kansai
Kansai Power Indonesia mendirikan PT Power Indonesia established PT Medco Power
Medco Power Geothermal Services dengan Geothermal Services with 99% ownership by
kepemilikan 99% oleh PT Medco Kansai PT Medco Kansai Power Indonesia and 1% by
Power Indonesia dan 1% oleh PT Medco PT Medco General Power Services.
General Power Services.
x. Pada tanggal 4 Maret 2024, MPI melakukan xi. On March 4, 2024, MPI has made voluntary
pelunasan dipercepat sebesar repayment amounting to Rp399,000,000,000
Rp399.000.000.000 kepada PT Bank Negara to PT Bank Negara Indonesia (Persero) Tbk.
Indonesia (Persero) Tbk.
xi. Pada 20 Maret 2024, PT Medcosolar Bali xii. On March 20, 2024, PT Medcosolar Bali Timur
Timur menandatangani Perjanjian signed a Project Financing Agreement
Pembiayaan Proyek sebesar AS$13.263.000 amounting to US$13,263,000 and
dan Rp50.218.000.000 dengan PT Bank Rp50,218,000,000 with PT Bank Negara
Negara Indonesia (Persero), Tbk., dengan Indonesia (Persero), Tbk., with a term of 15
jangka waktu 15 tahun. Pembiayaan ini years. This financing aims to build the East
bertujuan untuk pembangunan PLTS Bali Bali PLTS with a capacity of 25 MWp in
Timur kapasitas 25 MWp di Kabupaten Karangasem Regency, Bali. This facility is
Karangasem, Bali. Fasilitas ini dijamin dengan guaranteed by project assets, rights to
aset proyek, hak atas piutang, dan gadai receivables, and a pledge of shares in the
saham dalam proyek. project.
xii. Pada tanggal 21 Maret 2024, PT Mitra Energi xiii. On March 21, 2024, PT Mitra Energi Gas
Gas Sumatera dan PT Medco Energi Sumatera dan PT Medco Energi Nusantara
Nusantara mendirikan PT Mitra Energi established PT Mitra Energi Pelayaran with
Pelayaran dengan kepemilikan masing-masing ownership of 3,267 and 33 shares
3.267 dan 33 saham senilai AS$1.000.000 per respectively, of US$1,000,000 per share.
saham.
xiii. Berdasarkan persetujuan pemegang saham xiv. Following shareholders approval in Annual
dalam Rapat Umum Pemegang Saham General Meeting of Shareholders, the
Tahunan, Perusahaan melakukan program Company had started the shares buyback
pembelian saham kembali. Sampai dengan program. As of March 27, 2024, the Company
27 Maret 2024, Perusahaan telah melakukan had repurchased its outstanding shares from
pembelian kembali atas saham beredar di the market with amount of 34,749,900 shares.
pasar sebesar 34.749.900 lembar saham.
2023 Annual Report PT Medco Energi Internasional Tbk 489
331
Page 492
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
56. PERISTIWA SETELAH PERIODE PELAPORAN 56. EVENTS AFTER THE REPORTING PERIOD
(lanjutan) (continued)
xiv. Pada tanggal 28 Maret 2024, Perusahaan xiv. On March 28, 2024, the Company has fully
telah melunasi Obligasi Berkelanjutan Rupiah repaid Rupiah Shelf Registered Bonds II
II Tahap IV Seri C sebesar Rp7.000.000.000. Phase IV Tranche C with amount of
Rp7,000,000,000.
xv. Pada tanggal 1 April 2024, Medco Energi xv. On April 1, 2024, Medco Energi Sampang Pty.
Sampang Pty. Ltd., Singapore Petroleum Ltd., Singapore Petroleum Sampang Ltd. dan
Sampang Ltd. dan Cue Sampang Pty. Ltd. Cue Sampang Pty. Ltd. as parties in Sampang
sebagai pihak dalam Sampang PSC PSC signed a Condensate Sale Purchase
menandatangani Perjanjian Jual Beli Agreement (“CSPA”) with PT Surya Mandala
Kondensat ("PJBK") dengan PT Surya Sakti.
Mandala Sakti.
57. STANDAR AKUNTANSI YANG TELAH 57. ACCOUNTING STANDARDS ISSUED BUT NOT
DITERBITKAN NAMUN BELUM BERLAKU YET EFFECTIVE
EFEKTIF
Standar akuntansi yang telah diterbitkan sampai The accounting standards that have been issued up
tanggal penerbitan laporan keuangan konsolidasian to the date of issuance of the Group’s consolidated
Grup, namun belum berlaku efektif diungkapkan financial statements, but not yet effective are
berikut ini. Manajemen bermaksud untuk disclosed below. The management intends to adopt
menerapkan standar yang dipertimbangkan relevan these standards that are considered relevant to the
terhadap Grup pada saat standar tersebut berlaku Group when they become effective, and the impact
efektif, dan dampak penerapan standar tersebut to the consolidated financial position and
terhadap posisi dan kinerja keuangan konsolidasian performance of the Group is still being estimated as
Grup masih diestimasi pada tanggal selesainya of completion date of the consolidated financial
laporan keuangan. Kecuali disebutkan lain, Grup statements. Unless otherwise indicated, the Group
tidak mengharapkan adopsi pernyataan tersebut di does not expect that the future adoption of the said
masa depan memiliki dampak signifikan terhadap pronouncements to have a significant impact on its
laporan keuangan konsolidasian. consolidated financial statements.
Mulai efektif pada atau setelah 1 Januari 2024 Effective beginning on or after January 1, 2024
Pilar Standar Akuntansi Keuangan Financial Accounting Standards Pillars
Standar ini memberikan persyaratan dan pedoman These standards provides requirements and
bagi entitas untuk menerapkan standar akuntansi guidelines for entities to apply the correct financial
keuangan yang benar dalam menyusun laporan accounting standards in preparing general purpose
keuangan bertujuan umum. Akan ada 4 (empat) financial statements. There will be 4 (four) financial
1. Pilar 1 Standar Akuntansi Keuangan 1. Pillar 1 International Financial Accounting
Internasional, Standards,
2. Pilar 2 Standar Akuntansi Keuangan 2. Pillar 2 Indonesian Financial Accounting
Indonesia (PSAK), Standards (PSAK),
3. Pilar 3 Standar Akuntansi Keuangan 3. Pillar 3 Indonesian Financial Accounting
Indonesia untuk Entitas Swasta/Standar Standards for Private Entities/Indonesian
Akuntansi Keuangan Indonesia untuk Financial Accounting Standards for Entities
Entitas Tanpa Akuntabilitas Publik, dan without Public Accountability, and
4. Pilar 4 Standar Akuntansi Keuangan 4. Pillar 4 Indonesian Financial Accounting
Indonesia untuk Entitas Mikro Kecil dan Standards for Micro Small and Medium
Menengah. Entities.
490 PT Medco Energi Internasional Tbk 2023 Annual Report
332
Page 493
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
57. STANDAR AKUNTANSI YANG TELAH 57. ACCOUNTING STANDARDS ISSUED BUT NOT
DITERBITKAN NAMUN BELUM BERLAKU YET EFFECTIVE (continued)
EFEKTIF (lanjutan)
Mulai efektif pada atau setelah 1 Januari 2024 Effective beginning on or after January 1, 2024
(lanjutan) (continued)
Standar Akuntansi Keuangan Internasional International Financial Accounting Standard
Standar ini merupakan adopsi penuh dari This standard is a full-adoption of International
International Financial Reporting Standards Financial Reporting Standards (“IFRS”) which is
(“IFRS”) yang diterjemahkan kata demi kata dan translated in a word-for-word basis and there is no
tidak ada modifikasi dari Standar IFRS, termasuk modifications from IFRS Standards, including the
tanggal efektifnya. Entitas yang memenuhi effective date. Entities that meet the requirements
persyaratan dapat menerapkan standar ini, sejak can apply this standard, from the effective date.
tanggal efektif.
Nomenklatur Standar Akuntansi Keuangan Financial Accounting Standards Nomenclature
Standar ini ini mengatur penomoran baru untuk This standard regulates the new numbering for
standar akuntansi keuangan yang berlaku di financial accounting standards applicable in
Indonesia yang diterbitkan oleh DSAK IAI. Indonesia issued by DSAK IAI.
Amandemen PSAK 1: Liabilitas Jangka Panjang Amendment of PSAK 1: Non-current Liabilities with
dengan Kovenan (sejak tanggal 1 Januari 2024 Covenants (since January 1, 2024 referred to as
dirujuk sebagai PSAK 201) PSAK 201)
Amandemen ini menentukan persyaratan untuk The amendments specify the requirements for
mengklasifikasikan suatu liabilitas sebagai jangka classifying liabilities as current or non-current and
pendek atau jangka panjang dan menjelaskan: clarify:
• hal yang dimaksud sebagai hak untuk • what is meant by a right to defer settlement,
menangguhkan pelunasan,
• hak untuk menangguhkan pelunasan harus • the right to defer must exist at the end of the
ada pada akhir periode pelaporan, reporting period,
• klasifikasi tersebut tidak dipengaruhi oleh • classification is not affected by the likelihood
kemungkinan entitas akan menggunakan that an entity will exercise its deferral right,
hakya untuk menangguhkan liabilitas, dan and
• hanya jika derivatif melekat pada liabilitas • only if an embedded derivative in a
konversi tersebut adalah suatu instrumen convertible liability is an equity instrument
ekuitas, maka syarat dan ketentuan dari would the terms and conditions of a liability
suatu liabilitas konversi tidak akan will not impact its classification.
berdampak pada klasifikasinya.
2023 Annual Report PT Medco Energi Internasional Tbk 491
333
Page 494
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
57. STANDAR AKUNTANSI YANG TELAH 57. ACCOUNTING STANDARDS ISSUED BUT NOT
DITERBITKAN NAMUN BELUM BERLAKU YET EFFECTIVE (continued)
EFEKTIF (lanjutan)
Mulai efektif pada atau setelah 1 Januari 2024 Effective beginning on or after January 1, 2024
(lanjutan) (continued)
Amandemen PSAK 1: Liabilitas Jangka Panjang Amendment of PSAK 1: Non-current Liabilities with
dengan Kovenan (sejak tanggal 1 Januari 2024 Covenants (since January 1, 2024 referred to as
dirujuk sebagai PSAK 201) (lanjutan) PSAK 201) (continued)
Selain itu, persyaratan telah diperkenalkan untuk In addition, a requirement has been introduced to
mewajibkan pengungkapan ketika suatu kewajiban require disclosure when a liability arising from a
timbul dari pinjaman perjanjian diklasifikasikan loan agreement is classified as non-current and the
sebagai tidak lancar dan hak entitas untuk entity’s right to defer settlement is contingent on
menunda penyelesaian bergantung pada compliance with future covenants within twelve
kepatuhan terhadap persyaratan di masa depan months.
dalam waktu dua belas bulan.
Amendemen tersebut berlaku efektif untuk periode The amendments are effective for annual reporting
pelaporan tahunan yang dimulai pada atau setelah periods beginning on or after January 1, 2024
1 Januari 2024 secara retrospektif dengan retrospectively with early adoption permitted.
penerapan dini diperkenankan.
Grup saat ini sedang menilai dampak dari The Group is currently assessing the impact of the
amandemen tersebut untuk menentukan amendment to determine the impact they will have
dampaknya terhadap pelaporan keuangan Grup. on the Group’s financial reporting.
Amandemen PSAK 73: Liabilitas Sewa dalam Jual Amendment to PSAK 73: Lease Liability in a Sale
Beli dan Sewa-balik (sejak tanggal 1 Januari 2024 and Leaseback (since January 1, 2024 referred to
dirujuk sebagai PSAK 116) as PSAK 116)
Amandemen PSAK 73 Sewa menetapkan The amendment to PSAK 73 Leases specifies the
persyaratan yang digunakan penjual-penyewa requirements that a seller-lessee uses in measuring
dalam mengukur kewajiban sewa yang timbul the lease liability arising in a sale and leaseback
dalam transaksi jual beli dan sewa-balik, untuk transaction, to ensure the seller-lessee does not
memastikan penjual-penyewa tidak mengakui recognize any amount of the gain or loss that
jumlah setiap keuntungan atau kerugian yang relates to the right of use it retains.
terkait dengan hak guna yang dipertahankan.
Amandemen berlaku secara retrospektif untuk The amendment applies retrospectively to annual
periode pelaporan tahunan yang dimulai pada atau reporting periods beginning on or after January 1,
setelah 1 Januari 2024. Penerapan dini 2024. Earlier application is permitted. The Group is
diperkenankan. Grup saat ini sedang menilai currently assessing the impact of the amendment to
dampak dari amandemen tersebut untuk determine the impact they will have on the Group’s
menentukan dampaknya terhadap pelaporan financial reporting.
keuangan Grup.
492 PT Medco Energi Internasional Tbk 2023 Annual Report
334
Page 495
The original consolidated financial statements included herein
EXPANDING OUR HORIZONS are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
57. STANDAR AKUNTANSI YANG TELAH 57. ACCOUNTING STANDARDS ISSUED BUT NOT
DITERBITKAN NAMUN BELUM BERLAKU YET EFFECTIVE (continued)
EFEKTIF (lanjutan)
Mulai efektif pada atau setelah 1 Januari 2024 Effective beginning on or after January 1, 2024
(lanjutan) (continued)
Amandemen PSAK 2 dan PSAK 60: Pengaturan Amendment of PSAK 2 and PSAK 60: Supplier
Pembiayaan Pemasok (sejak tanggal 1 Januari Finance Arrangements (since January 1, 2024
2024 masing-masing dirujuk sebagai PSAK 207 referred to as PSAK 207 and PSAK 107,
dan PSAK 107) respectively)
Amandemen PSAK 2 dan PSAK 60 mengklarifikasi The amendments to PSAK 2 and PSAK 60 clarify
karakteristik pengaturan pembiayaan pemasok dan the characteristics of supplier finance arrangements
mensyaratkan pengungkapan tambahan atas and require additional disclosure of such
pengaturan pembiayaan pemasok tersebut. arrangements. The disclosure requirements in the
Persyaratan pengungkapan dalam amandemen ini amendments are intended to assist users of
dimaksudkan untuk membantu pengguna laporan financial statements in understanding the effects of
keuangan dalam memahami dampak pengaturan supplier finance arrangements on an entity’s
pembiayaan pemasok terhadap liabilitas, arus kas, liabilities, cash flows and exposure to liquidity risk.
dan eksposur terhadap risiko likuiditas suatu
entitas.
Amandemen ini akan berlaku efektif untuk periode The amendments will be effective for annual
pelaporan tahunan yang dimulai pada atau setelah reporting periods beginning on or after January 1,
1 Januari 2024. Penerapan dini diperkenankan, 2024. Early adoption is permitted, but will need to
namun perlu diungkapkan. Amandemen tersebut be disclosed.The amendments are not expected to
diperkirakan tidak mempunyai dampak material have a material impact on the Group’s consolidated
terhadap laporan keuangan konsolidasian Grup. financial statements.
Mulai efektif pada atau setelah 1 Januari 2025 Effective beginning on or after January 1, 2025
PSAK 74: Kontrak Asuransi PSAK 74: Insurance Contracts
Standar akuntansi baru yang komprehensif untuk A comprehensive new accounting standard for
kontrak asuransi yang mencakup pengakuan dan insurance contracts covering recognition and
pengukuran, penyajian dan pengungkapan, pada measurement, presentation and disclosure, upon its
saat berlaku efektif PSAK 74 akan menggantikan effective date, PSAK 74 will replace PSAK 62:
PSAK 62: Kontrak Asuransi. PSAK 74 berlaku Insurance Contracts. PSAK 74 applies to all types
untuk semua jenis kontrak asuransi, jiwa, non-jiwa, of insurance contracts, life, non-life, direct
asuransi langsung dan reasuransi, terlepas dari insurance and reinsurance, regardless of the
entitas yang menerbitkannya, serta untuk jaminan entities issuing them, as well as to certain
dan instrumen keuangan tertentu dengan fitur guarantees and financial instruments with
partisipasi tidak mengikat, serta beberapa discretionary participation features, while a few
pengecualian ruang lingkup akan berlaku. Tujuan scope exceptions will apply. The overall objective of
keseluruhan dari PSAK 74 adalah untuk PSAK 74 is to provide an accounting model for
menyediakan model akuntansi untuk kontrak insurance contracts that is more useful and
asuransi yang lebih bermanfaat dan konsisten consistent for insurers.
untuk asuradur.
PSAK 74 berlaku efektif untuk periode pelaporan PSAK 74 is effective for reporting periods beginning
yang dimulai pada atau setelah tanggal 1 Januari on or after January 1, 2025, with comparative
2025, dengan mensyaratkan angka komparatif. figures required. Early application is permitted,
Penerapan dini diperkenankan bila entitas juga provided the entity also applies PSAK 71 and PSAK
menerapkan PSAK 71 dan PSAK 72 pada atau 72 on or before the date of initial application of
sebelum tanggal penerapan awal PSAK 74. PSAK 74. This standard is not expected to have
Standar ini tidak diharapkan memiliki dampak pada any impact to the financial reporting of the Group
pelaporan keuangan Grup pada saat diadopsi untuk upon first-time adoption.
pertama kali.
2023 Annual Report PT Medco Energi Internasional Tbk 493
335
Page 496
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan As of December 31, 2023 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
58. PERSETUJUAN DAN OTORISASI PENERBITAN 58. APPROVAL AND AUTHORIZATION FOR THE
LAPORAN KEUANGAN KONSOLIDASIAN DAN ISSUANCE OF CONSOLIDATED FINANCIAL
TUJUAN PENYUSUNAN LAPORAN KEUANGAN STATEMENTS AND PURPOSE OF
KONSOLIDASIAN PREPARATION OF CONSOLIDATED FINANCIAL
STATEMENTS
Penerbitan laporan keuangan konsolidasian Grup The issuance of the consolidated financial
telah disetujui dan disahkan oleh Direksi pada statements of the Group was approved and
tanggal 1 April 2024. authorized by the Board of Directors on April 1,
2024.
494 PT Medco Energi Internasional Tbk 2023 Annual Report
336
Page 497
PT MEDCO ENERGI INTERNASIONAL TBK DAN ENTITAS ANAKNYA PT MEDCO ENERGI INTERNASIONAL TBK AND ITS SUBSIDIARIES
INFORMASI TAMBAHAN SUPPLEMENTARY INFORMATION
Tanggal 31 Desember 2023 As of December 31, 2023
(Disajikan dalam Dolar Amerika Serikat, Kecuali Dinyatakan Lain) (Expressed in United States Dollar, Unless Otherwise Stated)
(Tidak Diaudit) (Unaudited)
ESTIMASI CADANGAN RESERVES ESTIMATION
Informasi berikut mengenai kuantitas cadangan yang proved developed, undeveloped The following information on proved developed, undeveloped and probable reserves
2023 Annual Report
dan probable reserves quantities serta sumber daya kontinjen hanya merupakan quantities as well as contingent resources are estimates only, and do not purport to
estimasi, dan tidak dimaksudkan untuk menggambarkan nilai yang dapat direalisasikan reflect realizable values or fair market values of the Group’s reserves. The Group
EXPANDING OUR HORIZONS
atau nilai pasar yang wajar dari cadangan Grup. Grup menekankan bahwa estimasi emphasizes that reserves estimates are inherently imprecise. Accordingly, these
cadangan secara bawaan tidak akurat. Sehubungan dengan hal tersebut, estimasi ini estimates are expected to change as future information becomes available. There are
diharapkan dapat saja berubah bila tersedia informasi baru dikemudian hari. Terdapat numerous uncertainties inherent in estimating oil and natural gas reserves, including
berbagai ketidakpastian bawaan dalam mengestimasi cadangan minyak dan gas bumi, many factors beyond the control of the Group.
termasuk faktor-faktor yang berada di luar kendali Grup.
Informasi berikut atas kuantitas cadangan dan sumber daya diestimasi baik oleh The following information on the Group’s reserves and resources quantities are
tenaga ahli internal Grup, atau konsultan perminyakan independen yaitu Netherland, estimated either by the internal Group’s engineers, or by an independent petroleum
Sewell & Associates, Inc. (NSAI), Gaffney, Cline and Associates (GCA), ERC Equipoise engineering consultants, i.e., Netherland, Sewell & Associates, Inc. (NSAI), Gaffney,
Ltd (ERCE), McDaniel & Associates Consultants Ltd dan DeGolyer and MacNaughton Cline and Associates (GCA), ERC Equipoise Ltd (ERCE), McDaniel & Associates
(DNM) ataupun berdasarkan estimasi oleh masing-masing operator blok. Prinsip teknik Consultants Ltd and DeGolyer and MacNaughton (DNM) or based on estimates by the
perminyakan dan definisi yang berlaku di industri atas kategori dan sub-klasifikasi operators of the respective blocks. Generally accepted petroleum engineering
cadangan proved dan probable serta sumber daya kontinjen dipergunakan dalam principles and definitions applied by the industry to proved and probable reserves
penyusunan pengungkapan cadangan dan sumber daya. categories and subclassifications as well as contingent resources were utilized in
preparing the reserves and resources disclosures.
Manajemen berpendapat bahwa kuantitas cadangan di bawah ini merupakan estimasi Management believes that the reserves quantities shown below are reasonable
yang wajar berdasarkan data geologi dan teknik yang tersedia. estimates based on available geological and engineering data.
PT Medco Energi Internasional Tbk
495
337
Page 498
PT MEDCO ENERGI INTERNASIONAL TBK DAN ENTITAS ANAKNYA PT MEDCO ENERGI INTERNASIONAL TBK AND ITS SUBSIDIARIES
INFORMASI TAMBAHAN (lanjutan) SUPPLEMENTARY INFORMATION (continued)
Tanggal 31 Desember 2023 As of December 31, 2023
496
(Disajikan dalam Dolar Amerika Serikat, Kecuali Dinyatakan Lain) (Expressed in United States Dollar, Unless Otherwise Stated)
(Tidak Diaudit) (Unaudited)
ESTIMASI CADANGAN (lanjutan) RESERVES ESTIMATION (continued)
Aset di Indonesia/ Aset Internasional/ Jumlah/
Indonesian Assets International Assets (3) Total
Wilayah Timur dan Tengah/
Wilayah Barat/West (1) East and Central (2)
Minyak dan Gas/
Minyak/Oil Gas Minyak/Oil Gas Minyak/Oil Gas Minyak/Oil Gas Oil and Gas
mbbls mmscf mbbls mmscf mmbls mmscf mmbls mmscf mboe
PT Medco Energi Internasional Tbk
Grup Cadangan Proved/
Group Proved Reserves
Saldo awal 31 Desember 2021/
Beginning balance December 31, 2021 18.957 261.495 14.670 677.633 55.573 61.720 89.200 1.000.848 278.335
Penemuan dan pengembangan/
Discoveries and extensions – – – – – – – – –
Revisi/Revisions (4) 2.356 7.835 1.802 70.422 3.140 677 7.298 78.934 22.490
Akuisisi dan divestasi/
Acquisition and divestments 5.120 548.048 – – – – 5.120 548.048 103.611
Produksi/Production 5.074 173.567 1.232 53.939 3.110 3.776 9.416 231.282 51.825
Saldo akhir 31 Desember 2022/
Ending balance December 31, 2022 21.359 643.811 15.240 694.116 55.603 58.621 92.202 1.396.548 352.611
Penemuan dan pengembangan/
Discoveries and extensions – – – – – – – – –
Revisi/Revisions (4) 3.747 227.131 225 (3.837) 1.512 421 5.484 223.715 45.395
Akuisisi dan divestasi/
Acquisition and divestments (5) – – – – 30.526 17.064 30.526 17.064 33.334
Produksi/Production 4.938 177.509 1.184 49.578 2.763 1.104 8.885 228.191 50.657
Saldo akhir 31 Desember 2023/
Ending balance December 31, 2023 20.168 693.433 14.281 640.701 84.878 75.002 119.327 1.409.136 380.683
2023 Annual Report
338
Page 499
PT MEDCO ENERGI INTERNASIONAL TBK DAN ENTITAS ANAKNYA PT MEDCO ENERGI INTERNASIONAL TBK AND ITS SUBSIDIARIES
INFORMASI TAMBAHAN (lanjutan) SUPPLEMENTARY INFORMATION (continued)
Tanggal 31 Desember 2023 As of December 31, 2023
(Disajikan dalam Dolar Amerika Serikat, Kecuali Dinyatakan Lain) (Expressed in United States Dollar, Unless Otherwise Stated)
(Tidak Diaudit) (Unaudited)
ESTIMASI CADANGAN (lanjutan) RESERVES ESTIMATION (continued)
Aset di Indonesia/ Aset Internasional/ Jumlah/
Indonesian Assets International Assets (3) Total
Wilayah Timur dan Tengah/
Wilayah Barat/West (1) East and Central (2)
2023 Annual Report
Minyak dan Gas/
Minyak/Oil Gas Minyak/Oil Gas Minyak/Oil Gas Minyak/Oil Gas Oil and Gas
EXPANDING OUR HORIZONS
mbbls mmscf mbbls mmscf mmbls mmscf mmbls mmscf mboe
Grup Proved dan Probable/
Group Proved and Probable
Saldo awal 31 Desember 2021/
Beginning balance December 31, 2021 33.877 357.278 21.204 835.300 92.525 86.926 147.606 1.279.504 389.213
Penemuan dan pengembangan/
Discoveries and extensions – – – – – – – – –
Revisi/Revisions (4) 57 33.669 1.339 64.802 – – 1.396 98.471 19.770
Akuisisi dan divestasi/
Acquisition and divestments 6.111 657.047 – – – – 6.111 657.047 124.191
Produksi/Production 5.074 173.567 1.232 53.939 3.110 3.776 9.416 231.282 51.825
Saldo akhir 31 Desember 2022/
Ending balance December 31, 2022 34.971 874.427 21.311 846.163 89.415 83.150 145.697 1.803.740 481.349
Penemuan dan pengembangan/
Discoveries and extensions – – – – – – – – –
Revisi/Revisions (4) 1.900 306.709 251 7.323 758 – 2.909 314.032 59.578
Akuisisi dan divestasi/
Acquisition and divestments (5) – – – – 44.481 24.601 44.481 24.601 48.558
Produksi/Production 4.938 177.509 1.184 49.578 2.763 1.104 8.885 228.191 50.657
Saldo akhir 31 Desember 2023/
Ending balance December 31, 2023 31.933 1.003.627 20.378 803.908 131.891 106.647 184.202 1.914.182 538.828
PT Medco Energi Internasional Tbk
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Page 500
PT MEDCO ENERGI INTERNASIONAL TBK DAN ENTITAS ANAKNYA PT MEDCO ENERGI INTERNASIONAL TBK AND ITS SUBSIDIARIES
498
INFORMASI TAMBAHAN (lanjutan) SUPPLEMENTARY INFORMATION (continued)
Tanggal 31 Desember 2023 As of December 31, 2023
(Disajikan dalam Dolar Amerika Serikat, Kecuali Dinyatakan Lain) (Expressed in United States Dollar, Unless Otherwise Stated)
(Tidak Diaudit) (Unaudited)
ESTIMASI CADANGAN (lanjutan) RESERVES ESTIMATION (continued)
Aset di Indonesia/ Aset Internasional/ Jumlah/
Indonesian Assets International Assets (3) Total
Wilayah Timur dan Tengah/
Wilayah Barat/West (1) East and Central (2)
Minyak dan Gas/
Minyak/Oil Gas Minyak/Oil Gas Minyak/Oil Gas Minyak/Oil Gas Oil and Gas
PT Medco Energi Internasional Tbk
mbbls mmscf mbbls mmscf mmbls mmscf mmbls mmscf mboe
Grup Sumber Daya Kontinjen/
Group Contingent Resources
Saldo awal 31 Desember 2021/
Beginning balance December 31, 2021 37.996 1.193.736 7.934 739.288 54.806 3.129.367 100.736 5.062.391 995.655
Penemuan dan pengembangan/
Discoveries and extensions – – – – – – – – –
Revisi/Revisions (4) 228 (5.284) 826 (9.482) 2.700 – 3.754 (14.766) 718
Akuisisi dan divestasi/
Acquisition and divestments 3.321 226.187 – – – – 3.321 226.187 43.969
Produksi/Production – – – – – – – – –
Saldo akhir 31 Desember 2022/
Ending balance December 31, 2022 41.545 1.414.639 8.760 729.806 57.506 3.129.367 107.811 5.273.812 1.040.342
Penemuan dan pengembangan/
Discoveries and extensions – – – – – – – – –
Revisi/Revisions (4) (538) (123.109) 375 (18.889) (759) – (922) (141.998) (28.428)
Akuisisi dan divestasi/
Acquisition and divestments (5) – – – – 17.351 69.164 17.351 69.164 29.108
Produksi/Production – – – – – – – – –
Saldo akhir 31 Desember 2023/
Ending balance December 31, 2023 41.007 1.291.530 9.135 710.917 74.098 3.198.531 124.240 5.200.978 1.041.022
2023 Annual Report
Page 501
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PT MEDCO ENERGI INTERNASIONAL TBK DAN ENTITAS ANAKNYA PT MEDCO ENERGI INTERNASIONAL TBK AND ITS SUBSIDIARIES
INFORMASI TAMBAHAN (lanjutan) SUPPLEMENTARY INFORMATION (continued)
Tanggal 31 Desember 2023 As of December 31, 2023
(Disajikan dalam Dolar Amerika Serikat, Kecuali Dinyatakan Lain) (Expressed in United States Dollar, Unless Otherwise Stated)
(Tidak Diaudit) (Unaudited)
ESTIMASI CADANGAN (lanjutan) RESERVES ESTIMATION (continued)
(1) Estimasi cadangan Grup yang termasuk dalam aset di Indonesia. Wilayah (1) Estimated reserves of the Group for Indonesian assets. The West region
Barat meliputi beberapa wilayah kerja diantaranya South Sumatera, Rimau, covering several working areas including South Sumatera, Rimau, Lematang,
Lematang, Blok A, South Natuna Sea Blok B dan Blok Corridor. Block A, South Natuna Sea Block B and Block Corridor.
2023 Annual Report
(2) Estimasi cadangan Grup yang termasuk dalam aset di Indonesia. Wilayah (2) Estimated reserves of the Group for Indonesian assets. The East and Central
Timur dan Tengah meliputi beberapa wilayah kerja diantaranya Tarakan, Region covering several working areas including Tarakan, Senoro-Toili,
EXPANDING OUR HORIZONS
Senoro-Toili, Simenggaris, Sampang, Bangkanai dan Madura. Simenggaris, Sampang, Bangkanai and Madura.
(3) Estimasi cadangan Grup yang termasuk dalam aset Internasional meliputi (3) Estimated reserves of the Group for International assets covering several
beberapa wilayah kerja diantaranya Libya, Yaman, Thailand, Vietnam, working areas including Libya, Yemen, Thailand, Vietnam, Tanzania and
Tanzania dan Oman. Oman.
(4) Estimasi cadangan Grup untuk Blok Rimau, dan South Sumatera berdasarkan (4) Estimated reserves of the Group for Rimau Block and South Sumatera based
Laporan Sertifikasi GaffneyCline per 31 Desember 2018, dengan hak on the GaffneyCline Certification Report as of December 31, 2018, with 100%
partisipasi Grup 100% s.d Oktober 2019 dan 65% per November 2019 sampai the Group's participating interest until October 2019 and 65% as of November
dengan seterusnya. 2019 onwards.
Estimasi cadangan Grup untuk Blok Lematang berdasarkan Dokumentasi Estimated reserves of the Group for Lematang Block were based on Internal
Cadangan Internal per 31 Desember 2023, sesuai dengan hak partisipasi Reserve Documentation as of December 31, 2023, in accordance with the
Grup untuk Blok Lematang sebesar 100%. Group's participating interest in the Lematang Block of 100%.
Estimasi cadangan Grup untuk Blok Senoro-Toili (Lapangan Gas Senoro) Estimated reserves of the Group for Senoro-Toili Block (Senoro Gas Field)
berdasarkan Laporan Sertifikasi GaffneyCline per 31 Desember 2023, dengan were based on the GaffneyCline Certification Report as of December 31,
hak partisipasi Grup sebesar 30%. 2023, with the Group's participating interest of 30%.
Estimasi cadangan Grup untuk Blok A berdasarkan Laporan Sertifikasi Estimated reserves of the Group for Block A were based on the GaffneyCline
GaffneyCline per 31 Desember 2023, dengan hak partisipasi Grup sebesar Certification Report as of December 31, 2023, with the Group's participating
85%. interest of 85%.
Estimasi cadangan Grup untuk Blok Simenggaris, Lapangan South Estimated reserves of the Group for Simenggaris Block, South Sembakung
Sembakung, dibuat berdasarkan sertifikasi LAPI ITB per 16 Desember 2022, Field, were made based on LAPI ITB certification as of December 16, 2022,
dengan hak partisipasi Grup sebesar 62,5%. with the Group's participating interest of 62.5%.
Estimasi cadangan Grup untuk Blok Tarakan berdasarkan Dokumentasi Estimated reserves of the Group for Tarakan Block were based on the Internal
Cadangan Internal per 31 Desember 2023 sesuai dengan hak partisipasi Grup Reserves Documentation as of December 31, 2023 with the Group's
sebesar 100%. participating interest of 100%.
Estimasi cadangan Grup untuk Blok Yemen 9 berdasarkan Laporan McDaniel Estimated reserves of the Group for Block Yemen 9 were based on McDaniel
& Associates Consultants Ltd per 31 Desember 2014, dengan hak partisipasi & Associates Consultants Ltd Report as of December 31, 2014, with the
Grup sebesar 25%. Group's participating interest of 25%.
PT Medco Energi Internasional Tbk
Estimasi cadangan Grup untuk Blok Sampang berdasarkan Dokumentasi Estimated reserves of the Group for the Sampang Block were based on
Cadangan Internal per 31 Desember 2023, dengan hak partisipasi Grup Internal Reserves Documentation as of December 31, 2023, with the Group's
sebesar 45%. participating interest of 45%.
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PT MEDCO ENERGI INTERNASIONAL TBK DAN ENTITAS ANAKNYA PT MEDCO ENERGI INTERNASIONAL TBK AND ITS SUBSIDIARIES
INFORMASI TAMBAHAN (lanjutan) SUPPLEMENTARY INFORMATION (continued)
Tanggal 31 Desember 2023 As of December 31, 2023
(Disajikan dalam Dolar Amerika Serikat, Kecuali Dinyatakan Lain) (Expressed in United States Dollar, Unless Otherwise Stated)
(Tidak Diaudit) (Unaudited)
ESTIMASI CADANGAN (lanjutan) RESERVES ESTIMATION (continued)
Estimasi cadangan Grup untuk South Natuna Sea Blok B berdasarkan Estimated reserves of the Group for South Natuna Sea Block B were based on
Laporan Sertifikasi GaffneyCline per 31 Desember 2020. Pengkinian taksiran the GaffneyCline Certification Report as of December 31, 2020. Updating of
data reserves & resources pada beberapa Lapangan (West Belut, Terubuk reserves & resources data estimates for several Fields (West Belut, Terubuk
dan Siput) untuk keperluan Kontrak Jual Beli Gas Baru berdasarkan Laporan and Siput) for the purposes of a New Gas Purchase Contract based on the
PT Medco Energi Internasional Tbk
Sertifikasi GaffneyCline per 30 Juni 2023, dengan hak partisipasi Grup GaffneyCline Certification Report as of June 30, 2023, with the Group's
sebesar 40%. participating interest of 40%.
Estimasi cadangan Grup untuk Blok Senoro-Toili (Lapangan Tiaka) Estimated reserves of the Group for Senoro-Toili Block (Tiaka Field) were
berdasarkan Laporan Sertifikasi NSAI per 31 Desember 2011, dengan hak based on the NSAI Certification Report as of December 31, 2011, with the
partisipasi Grup sebesar 30%. Group's participating interest of 30%.
Estimasi cadangan Grup untuk Blok Tanzania berdasarkan Laporan Sertifikasi Estimated reserves of the Group for Tanzania Block were based on the ERCE
ERCE per 31 Desember 2014, dengan hak partisipasi Grup sebesar 20%. Certification Report as of December 31, 2014, with the Group's participating
interest of 20%.
Estimasi cadangan Grup untuk Blok Madura Offshore berdasarkan Estimated reserves of the Group for Madura Offshore Block based on Internal
Dokumentasi Cadangan Internal per 31 Desember 2023, dengan hak Reserves Documentation as of December 31, 2023, with the Group's
partisipasi Grup untuk Lapangan Maleo dan Peluang sebesar 67,5% dan participating interest for Maleo and Peluang Field of 67.5% and Meliwis Field
Lapangan Meliwis 77,5%. 77.5%.
Estimasi cadangan Grup untuk Blok Bangkanai berdasarkan Laporan Estimated reserves of the Group for Bangkanai Block were based on the
Sertifikasi GaffneyCline per 31 Desember 2019 dan Estimasi Sumber Daya GaffneyCline Certification Report as of December 31, 2019 and Estimated
Kontinjen berdasarkan Dokumentasi Internal per 31 Desember 2021, dengan Contingent Resources based on Internal Documentation as of December 31,
hak partisipasi Grup sebesar 70%. 2021, with the Group's participating interest of 70%.
Estimasi cadangan Grup untuk Bualuang berdasarkan Laporan Sertifikasi Estimated reserves of the Group for Bualuang were based on GaffneyCline
GaffneyCline per 31 Desember 2020, dengan hak partisipasi Grup sebesar Certification Report as of December 31, 2020, with the Group's participating
100%. interest of 100%
Estimasi cadangan Grup untuk Blok Corridor berdasarkan Laporan Sertifikasi Estimated reserves of the Group for Corridor Block were based on the
DeGolyer and MacNaughton per 31 Oktober 2023, dengan hak partisipasi DeGolyer and MacNaughton Certification Report as of October 31, 2023, with
Grup sebesar 54% untuk existing PSC dan 46% untuk PSC extension, setelah the Group's participating interest of 54% for the existing PSC and 46% for the
unitisasi Lapangan Suban 10% dan Lapangan Gelam 14%. PSC extension, after unitization of the Suban Field 10% and Gelam Field 14%.
(5) Grup melakukan pelepasan seluruh hak partisipasi (9,51%) Sinphuhorm (5) The Group has relinquished all participating interest (9.51%) in Sinphuhorm to
2023 Annual Report
kepada Jadestone Energy (Singapore) Pte. Ltd. pada tanggal 23 Februari Jadestone Energy (Singapore) Pte. Ltd. on February 23, 2023.
2023.
Page 503
PT MEDCO ENERGI INTERNASIONAL TBK DAN ENTITAS ANAKNYA PT MEDCO ENERGI INTERNASIONAL TBK AND ITS SUBSIDIARIES
INFORMASI TAMBAHAN (lanjutan) SUPPLEMENTARY INFORMATION (continued)
Tanggal 31 Desember 2023 As of December 31, 2023
(Disajikan dalam Dolar Amerika Serikat, Kecuali Dinyatakan Lain) (Expressed in United States Dollar, Unless Otherwise Stated)
(Tidak Diaudit) (Unaudited)
2023 Annual Report
ESTIMASI CADANGAN (lanjutan) RESERVES ESTIMATION (continued)
EXPANDING OUR HORIZONS
Grup mengklasifikasikan Blok 12W dan Libya Area 47 sebagai aset dimiliki The Group has classified Block 12W and Libya Area 47 as assets held for
untuk dijual. Estimasi cadangan untuk Blok 12W berdasarkan Dokumentasi sale. Estimated reserves for Block 12W were based on Internal Reserves
Cadangan Internal per 31 Desember 2021. Estimasi cadangan untuk Libya documentation as of December 31, 2021. Estimated reserves for Libya Area
Area 47 berdasarkan DeGolyer and MacNaughton per tanggal 30 September 47 based on DeGolyer and MacNaughton as of September 30, 2008.
2008.
Grup melakukan akuisisi OQ Exploration & Production (OQEP) tanggal 12 The Group's acquired OQ Exploration & Production (OQEP) on December 12,
Desember 2023, dimana wilayah kerjanya berlokasi di Oman, Blok 60. 2023, whose working area is located in Oman, Block 60. The Group's reserves
Estimasi cadangan untuk blok tersebut berdasarkan Dokumentasi Cadangan estimates for Oman Block 60 were based on Internal Reserves Documentation
Internal per 31 Desember 2023, dengan hak partisipasi 20%. as of December 31, 2023, with Group's effective working interest of 20%.
PT Medco Energi Internasional Tbk
501
Page 504
2023 Management Discussion Business Company Sustainability Corporate Governance Attachment
Performance and Analysis Activities Profile
e-Financial
Statements
Scan QR Code
Download our Full Year Financial Statement 2023
502 PT Medco Energi Internasional Tbk 2023 Annual Report
Page 505
EXPANDING OUR HORIZONS 2023 Annual Report PT Medco Energi Internasional Tbk 503
Page 506
2023 A N N U A L
R E P O R T
EXPANDING OUR
HORIZONS
PT Medco Energi Internasional Tbk
The Energy Building 53rd Floor
SCBD Lot 11A
Jl. Jend. Sudirman, Jakarta 12190
Indonesia
P. +62-21 2995 3000
F. +62-21 2995 3001
Website : www.medcoenergi.com
Names mentioned 200 people and organisations named in the text · linked when the evidence is strong
unresolved
person
Raisis Arifin Panigoro. Committee. All
p.13
unresolved
person
Raisis
p.13 ×2
unresolved
org
PT Amman Mineral Internasional MedcoEnergi
p.15
unresolved
org
PT Energi Listrik Batam
p.16
unresolved
person
Raisis Arifin We
p.17
unresolved
person
Executive
· President Director
p.17 ×2
unresolved
org
Indonesia Stock Exchange
p.18 ×19
unresolved
org
PT TJB Power
p.19
unresolved
org
Ministry of Environment & Forestry
p.19 ×2
unresolved
org
Ministry of Energy and Mineral Resources Subroto Award
p.19
unresolved
org
Ministry of Energy and Mineral Resources
p.19 ×2
unresolved
org
Ministry of Manpower
p.19 ×2
unresolved
org
Ministry of Energy and Mineral Resources Gold PROPER
p.19
unresolved
org
Ministry of Finance
p.19
unresolved
org
Profile Financial Review Anthony R. Mathi
· Director
p.22
unresolved
org
PT Medco E
p.26 ×21
unresolved
org
Energi Madura Offshore Pty. Ltd.
p.26
unresolved
org
PT Sarana Cepu
p.26
unresolved
org
P Grissik Ltd.
p.26 ×11
unresolved
org
PT ESG
p.26
unresolved
org
PT Medco
p.26 ×6
unresolved
org
PT Pupuk Sriwidjaja Palembang
p.26 ×3
unresolved
org
PT PLN (Persero)
p.26
unresolved
org
PT Mitra Energi Buana
p.26
unresolved
org
Medco Energi Madura Offshore Pty. Ltd.
p.26 ×3
unresolved
org
Offshore Pty. Ltd.
p.26
unresolved
org
PT PLN PSC
p.26
unresolved
org
PT Maxpower
p.26
unresolved
org
Medco Energi Sampang Pty. Ltd.
p.26 ×2
unresolved
org
Singapore Petroleum Sampang Ltd
p.26
unresolved
org
Natuna Ltd.
p.26
unresolved
org
Sembcorp Gas Pte. Ltd.
p.26
unresolved
org
PT Pertagas Niaga
p.26 ×2
unresolved
org
PT Pertamina Hulu Rokan E
p.26
unresolved
org
PT Pertamina Hulu Energi Tomori Sulawesi
p.26 ×2
unresolved
org
Grissik Ltd.
p.26
unresolved
org
Medco Energi Global Pte. Ltd.
p.27 ×5
unresolved
org
PT Energasindo
p.27
unresolved
org
Glencore Singapore Pte. Ltd.
p.27 ×4
unresolved
org
PT Pupuk Sriwidjaja
p.27
unresolved
org
Pte. Ltd.
p.27 ×7
unresolved
org
P Tarakan Negara Tbk
p.27
unresolved
org
PT. Kilang Pertamina Internasional
p.27
unresolved
org
Medco Energi Thailand Negara Tbk
p.27
unresolved
org
Negara Tbk
p.27
unresolved
org
PT Pertamina EP
p.27
unresolved
org
Energi Sampang Pty. Ltd.
p.27
unresolved
org
PT Multi Color Indonesia
p.27
unresolved
org
PT Kimia Yasa
p.27
unresolved
org
PT Pembangunan Glencore Singapore Pte. Ltd.
p.27
unresolved
org
Ministry of Environment and Forestry. During
p.35
unresolved
org
PT Pertamina Hulu
p.35
unresolved
org
PT Kayan LNG
p.36
unresolved
org
P Natuna Ltd.
p.37
unresolved
org
PT Medco Daya Natuna
p.37
unresolved
org
Prime Natuna Inc.
p.37
unresolved
org
PT Pertamina Hulu Energi Corridor
p.37
unresolved
org
PT Medco Daya Energi Nusantara
p.37
unresolved
org
PT Medco Daya Makmur
p.37
unresolved
org
PT Bahtera Daya Makmur
p.37
unresolved
org
PT Sumsel Energi Gemilang
p.37
unresolved
org
Cue Sampang Energy Pty Ltd
p.37
unresolved
org
Medco Energi Bangkanai Limited
p.37
unresolved
org
PT Saka Bangkanai Klemantan
p.37
unresolved
org
PT Pertamina Hulu Energi Simenggaris
p.37
unresolved
org
Medco Energi West Bangkanai Limited
p.37
unresolved
org
PT Saka Energi Bangkanai Barat
p.37
unresolved
org
PT Medco Energi Natuna Timur
p.37
unresolved
org
PT Medco Energi Beluga
p.37
unresolved
org
Oil Corporation
p.38
unresolved
org
APICO LLC
p.39 ×12
unresolved
org
Premier Oil Vietnam Offshore B.V.
p.39
unresolved
org
PetroVietnam Exploration Production Corporation Ltd.
p.39
unresolved
org
Calvalley Petroleoum Ltd
p.39
unresolved
org
Hood Oil Ltd
p.39
unresolved
org
Medco Oman LLC
p.39 ×2
unresolved
org
Medco International Enterprise Ltd.
p.39
unresolved
org
Medco Arabia Ltd.
p.39
unresolved
org
Biyaq Oilfield Services LLC
p.39
unresolved
org
Tethys Oil Oman Onshore Ltd.
p.39
unresolved
org
Intaj LLC
p.39
unresolved
org
Medco International Ventures Ltd.
p.39 ×2
unresolved
org
National Oil Corporation
p.39
unresolved
org
PT Medco Ratch Power Riau
p.43
unresolved
org
Mitsui Oil Exploration Co. Ltd.
p.43
unresolved
org
PT Mitra Energi Batam
p.43
unresolved
org
PacificLight Renewables Pte Ltd
p.43
unresolved
org
PT PLN Batam
p.44
unresolved
org
PT Telkom
p.44
unresolved
org
PT Telkom Data Ekosistem. Power Generated Sales
p.44
unresolved
org
PT Amman Mineral Nusa Tenggara
p.46 ×2
unresolved
org
Directorate General of Mineral and Coal
p.47
unresolved
org
PT Amman Mineral Industri
p.48
unresolved
org
PT Medco Energi Revegetation
p.49
unresolved
org
Batu Internasional Tbk
p.49
unresolved
org
PT Api Metra Graha
p.50 ×2
unresolved
org
PT Mitra Energi Gas Sumatera
p.50 ×2
unresolved
org
PT Exspan Petrogas Intranusa
p.50 ×3
unresolved
org
PT Satria Raksa Buminusa
p.50 ×2
unresolved
org
PT Donggi-Senoro LNG
p.51
unresolved
org
Transasia Pipeline Pvt. Ltd
p.51
unresolved
org
PT Meta
p.54
unresolved
org
PT Meta Epsi Pribumi Drilling Company Giant
p.54
unresolved
org
PT Meta Epsi Pribumi Going West
p.54
unresolved
org
Ophir Energi Corporation
p.54
unresolved
org
Minister of Foreign Affairs
p.58
unresolved
org
Minister of People’s Welfare
p.58
unresolved
—
American
· President Commissioner
p.59
unresolved
—
GCG Committee
· Commissioner
p.59
unresolved
org
PT Medco Duta
p.59 ×3
unresolved
org
PT Medco Intidinamika
p.59 ×2
unresolved
org
PT APRAMESIS
p.59
unresolved
org
PT Ravotri Prima Investama
p.59
unresolved
org
PT Independent Commissioner Amman Mineral Industri
p.59
unresolved
org
PT Medco Daya Abadi Lestari
p.59 ×5
unresolved
org
PT Multi Fabrindo Gemilang
p.59
unresolved
org
PT Medco Agro.
p.59
unresolved
org
Minister of Finance
p.59
unresolved
org
Minister of Justice
p.59
unresolved
—
IPA
· Director
p.61
unresolved
—
Anthony R. Mathi
· Director
p.61 ×2
unresolved
org
PT Medco EnergiThe Energy Building
p.69
unresolved
person
Imas Fatimah
· Notaris
p.82 ×2
unresolved
org
Ministry of Justice
p.82
unresolved
person
Siendy K. Wisandana
· Corporate Secretary
p.82 ×2
unresolved
org
Internasional Tbk
p.83 ×2
unresolved
org
PT Medco Power Indonesia Medco Energi Global Pte
p.83
unresolved
org
PT Amman Mineral Nusa Tenggara Bait Al Reem
p.83
unresolved
org
PT Pemeringkat Efek Stock Exchange Building Tower
p.83
unresolved
org
PT Kustodian Sentral Efek Indonesia
p.83
unresolved
org
Fitch Ratings Singapore Pte Ltd.
p.83
unresolved
org
Singapore Pte. Ltd.
p.83
unresolved
org
Ministry of Environment and Forestry
p.90
unresolved
person
Leolin Jayayanti
p.94
unresolved
org
Financial Services Authority
p.94 ×5
unresolved
org
Bank Indonesia
p.95 ×2
unresolved
person
Yaser R. A. Panigoro
· Commissioner
p.97 ×10
unresolved
—
Served
· Chairman
p.99
unresolved
org
Bank Mandiri Forum
p.102
unresolved
—
Marsillam Simandjuntak – Independent
· Chair
p.104 ×27
unresolved
—
Roberto Lorato – CEO
· Member
p.104 ×24
unresolved
—
Anthony R. Mathias – CFO
· Member
p.104 ×19
unresolved
—
Amri Siahaan – CAO
· Member
p.104 ×18
unresolved
—
Ronny Siahaan
p.105 ×3
unresolved
person
Ferry Sanjaya
· Member
p.106 ×3
unresolved
org
PT Indonesia Hijau Dwidaya
p.106
unresolved
org
PT Indonesia Hijau Papan. Hendry
p.106
unresolved
org
Ministry of Finance. He
p.106
unresolved
org
Ferdy & Rekan
p.106
unresolved
person
Training
· Member
p.106 ×2
unresolved
—
Marsillam Simanjuntak
p.107 ×2
unresolved
person
Chair
· Commissioner
p.108
unresolved
person
Affiliate
· Member
p.108 ×2
unresolved
org
PT Satria Raksa Buminusa. She
p.108
unresolved
org
PT Trisaka Adireksa
p.108
unresolved
person
Bambang Subianto. However
p.110
unresolved
—
Firman Dharmawan – Senior Manager
· Secretary
p.111 ×2
unresolved
org
Hadinoto & Partners
p.113
unresolved
org
pursuant to Circular Letter No. 33/SEOJK.04/2022 on Guidelines for Implementing Securities
p.113
unresolved
org
KPPU
p.114 ×2
unresolved
org
PT Medco Energi Int
p.148 ×2
unresolved
org
Transasia Pipeline Company Pvt. Ltd.
p.264 ×3
unresolved
org
Pvt. Ltd.
p.264
unresolved
org
PT Kalibiru Lestari Bersama
p.349 ×2
unresolved
org
Medco Energi USA Inc.
p.373 ×2
unresolved
org
Medco Energi US LLC
p.373
unresolved
org
US LLC
p.373
unresolved
org
Sanare Energy Partners LLC
p.373
unresolved
org
PT Medco Downstream Indonesia
p.373 ×3
unresolved
org
PT Medco Downstream
p.373
unresolved
org
PT Medco LPG Kaji
p.373 ×2
unresolved
org
PT Medco Indonesia
p.373
unresolved
org
PT Medco Ethanol Medco Methanol Bunyu
p.373
unresolved
org
Ltd. Ltd.
p.373
unresolved
org
Bitexco Energy Company Limited Limited
p.373
unresolved
org
Bitexco Energy Limited
p.374 ×2
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