pembahasan Manajemen PT Elnusa Tbk Laporan Tahunan 2015
analisis Kinerja Keuangan Komprehensif Comprehensive Financial Performance Analysis
segmen Jasa hulu Migas Terintegrasi sebesar rp2.342,1 miliar atau 62,0%, diikuti oleh Jasa distribusi dan Logistik energi sebesar rp1.307,5 miliar atau 34,6% dan sisanya berasal dari segmen Jasa penunjang Migas.
uraian
(dalam Jutaan rupiah, kecuali dinyatakan lain) 2015
Kontribusi Contribution 2014 Kontribusi Contribution Pertumbuhan Growth Description (In Million Rupiah, unless stated otherwise) Jasa hulu Migas Terintegrasi 2,342,085 62,04% 2,547,499 60.35% (8.06%) integrated upstream oil and
gas services Jasa hilir Migas 1,307,481 34,63% 1,588,622 37.63% (17.70%) energy distribution and
Logistics services Jasa penunjang hulu Migas 352,332 9,33% 259,557 6.15% 35.74% oil & gas support services
rekonsiliasi (226,575) (6,00%) (174,506) (4.13%) 29.84% reconciliation
Jumlah Pendapatan 3,775,323 100,00% 4,221,172 100.00% (10.56%) Total Revenue
penurunan pendapatan perseroan sebagai imbas dari kondisi industri migas yang mengalami perlambatan terkait jatuhnya harga minyak mentah dunia. kondisi ini berimbas terutama pada Jasa hulu Migas Terintegrasi yang mengalami penurunan pendapatan 8,1%. Jasa hulu Migas Terintegrasi utama yang terkena imbas dari penurunan harga minyak mentah adalah eksplorasi seperti jasa akuisisi data seismik, pengeboran eksplorasi, dan wirelinelogging.
sementara itu penurunan pendapatan pada Jasa distribusi dan Logistik energi pada tahun 2015 sebesar 17,7% dibanding tahun lalu dipengaruhi oleh penurunan harga keekonomian bbM dan penurunan konsumsi bbM secara nasional, walaupun secara volume, penyaluran bbM depot dan Transportasi mengalami kenaikan.
uraian/Description
(dalam Jutaan rupiah, kecuali dinyatakan lain)/(In Million Rupiah, unless stated otherwise) 2015
Kontribusi Contribution 2014 Kontribusi Contribution Pertumbuhan Growth
Jasa hulu migas Terintegrasi
inTegraTed upsTreaM oiL & gas serViCes Jasa Pengeboran/Drilling Servicesdrilling rig services 243,424 6.45% 290,775 6.89% (16.28%)
Mud Logging & h2s services 11,144 0.30% 33,147 0.79% (66.38%)
drilling Fluid services 30,259 0.80% 95,083 2.25% (68.18%)
eWL services 408,767 10.83% 544,523 12.90% (24.93%)
Jasa Pemeliharaan dan Pengelolaan lapangan migas/oilfield services
hydraulic Workover services 325,740 8.63% 213,556 5.06% 52.53%
Coiled Tubing services 150,491 3.99% 174,029 4.12% (13.53%)
Cementing & pumping services 23,165 0.61% 35,023 0.83% (33.86%)
slickline services 70,952 1.88% 39,953 0.95% 77.59%
Well Testing services 110,216 2.92% 84,266 2.00% 30.80%
operation & Maintenance 61,180 1.62% 56,525 1.34% 3.78%
snubbing services 106,926 2.83% 113,826 2.70% (6.06%)
ggr 602 0.02% - - -
Jasa akuisisi dan Pengolahan Data seismik/Seismic Data Acquisition and Processing Services
akuisisi data seismik darat/seismic data acquisition Land 730,548 19.35% 702,279 16.64% 4.03% akuisisi data seismik Marine/ seismic data acquisition Marine 81 0.00% 81,349 1.93% (99.90%) pengolahan data seismik/ seismic data processing 68,591 1.82% 83,367 1.97% (17.72%)
Jasa Distribusi & logistik Energi
energy disTribuTion & LogisTiC serViCesPT Elnusa Petrofin (EPn)
Transportasi/ Transportation 796,782 21.10% 945,864 22.41% (15.76%)
depot 127,112 3.37% 63,607 1.51% 99.84%
bbM Industry & Marine /inmar Fuel 286,755 7.60% 437,245% 10.36% (34.42%)
Chemical 36,593 0.97% 80,421 1.91% (54.50%)
ritel bahan bakar /retail Fuel 60,239 1.60% 61,485 1.46% (2.03%)
amounted rp2,342.1 billion, or 62.0%, followed by energy distribution and Logistic services segment as much as rp1,307.5 billion, or 34.6%, and the rest comes from oil and gas support services segment.
The decline in revenue of the Company was the impact of the slowing oil and gas industry because of falling price of crude oil. These conditions mostly damaged the integrated upstream oil and gas services, whose revenue decreased 8.1%. in the integrated upstream oil and gas services segment, falling crude oil price gave the largest impact to exploration activities, seismic data acquisition services, exploration drilling and wireline logging.
at the same time, the 17.7% decline in revenue of energy distribution and Logistic services in 2015 compared to that of the earlier year was influenced by the decline in economic price of fuel and decrease fuel consumption nationally, although the volume of oil Transportation and distribution of fuel depot increased.
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Management discussion and analysis 2015 annual report PT Elnusa Tbk uraian/Description(dalam Jutaan rupiah, kecuali dinyatakan lain)/(In Million Rupiah, unless stated otherwise) 2015
Kontribusi Contribution 2014 Kontribusi Contribution Pertumbuhan Growth
Jasa Penunjang migas
oiL & gas supporT serViCes PT Patra nusa Data (PnD)geo data 69,566 1.84% 93,688 2.22% (25.75%)
geo iT 13,364 0.35% 15,572 0.37% (14.81%)
PT sigma cipta utama (scu)
Jasa pengelolaan data Fisik/ physical data Management services 47,046 1.25% 39,772 0.94% 18.29% Jasa pengelolaan data digital/ digital data Management
services 14,731 0.39% 23,751 0.56% (37.98%)
PT Elnusa Fabrikasi Konstruksi (EFK)
perdagangan pipa oCTg/ Trading (oCr) 13,295 0.35% 5,860 0.14% 126.88%
penguliran pipa oCTg/ Threading (oCd) 9,835 0.26% 1,387 0.03% 609.08%
Fabrikasi/ Fabrication (FbC) 87,525 2.32% 49,094 1.16% 78.28%
epC 20,443 0.54% - - -
PT Elnusa Trans samudera (ETsa)
aWb 25,527 0.68% - - -
LCT 15,448 0.41% - - -
Work barge 4,194 0.11% - - -
Well Testing barge 15,448 0.41% - - -
LCT 5,480 0.15% 4,872 0.12% 12.49%
Property management + others 24,825 0.66% 25,359 7.82% (2.11%)
eliminasi (226,575) (6.00%) (174,506) 4.13% 29.84%
Jumlah Pendapatan/Total Revenue 3,775,323 100.00% 4,221,172 100.00% (10.56%)
sementara itu pendapatan jasa penunjang Migas mengalami penurunan sebesar 13,1%. Walaupun demikian pendapatan pada eFk yang signifikan sebesar 134,6% melalui kegiatan fabrikasi, pengadaan hWu,
pumping unit, dan bisnis oCTg yang merupakan proyek dari perseroan, sedangkan sCu dan pnd mengalami penurunan pendapatan.
beban Pokok Pendapatan
uraian
(dalam Jutaan rupiah, kecuali dinyatakan lain) 2015
2014 disajikan kembali/ restated Pertumbuhan Growth 2014-2015 Description
(In Million Rupiah, unless stated otherwise)
gaji, upah dan kesejahteraan
karyawan 617,643 588,371 4.98%
salaries, wages and employee benefits
bahan yang digunakan 584,520 658,349 (11.21%) Materials used
subkontrak 612,345 817,364 (25.08%) subcontract
Overhead 1,242,005 1,397,275 (11.11%) overhead
Jumlah beban Pokok Pendapatan 3,056,513 3,461,359 (11.70%) Total Cost of Revenues
beban pokok pendapatan 2015 turun 11,7% dibanding tahun 2014. penurunan ini seiring dengan penurunan pendapatan perseroan sebesar 10,6%. penurunan beban pokok pendapatan terutama didorong oleh penurunan beban subkontrak, beban bahan langsung dan biaya bahan bakar. perseroan berhasil menurunkan beban pokok pendapatan sebagai bentuk efisiensi melalui manajemen proyek dan proses bisnis yang lebih baik. penurunan signifikan pada beban subkontrak berhasil dilakukan dengan mengerjakan sendiri beberapa pekerjaan yang sebelumnya dilakukan oleh subkontraktor pada pekerjaan seismik darat dan pekerjaan wireline logging, selain itu perseroan telah melakukan efisiensi melalui manajemen proyek yang lebih baik, penempatan personil proyek yang lebih kompeten dan perbaikan dalam penanganan kendala yang dilakukan di lapangan seperti masalah kehumasan.
Meanwhile revenue of oil and gas support services decreased 13.1%. Meanwhile revenue in eFk rose significantly by 134.6% through fabrication, procurement of hWu, pumping unit, oCTg business project of the Company, while sCu and pnd experienced a decline in revenue.
Cost of revenue
Cost of revenue in 2015 fell 11.7% from that of the earlier year. The decline was in line with decrease of the Company’s revenue of 10.6%. Lower cost of revenue was mainly caused by smaller subcontract cost, direct material and fuel cost. The Company succeeded in reducing cost as a form of efficiency through better project management and business process. significant drop in subcontract cost was done by handling internally several works including subcontractor in land seismic work and wireline logging work. at the same time, the Company had completed efficiency through better project management, including placing more competent project personnel and improving problem solving in the field as in public relation matters.