i. Transaksi non-kas i. Non-cash transaction
Aktivitas investasi dan pendanaan yang tidak mempengaruhi kas dan setara kas terdiri atas:
Non-cash investing and financing activities consist of the following:
30 September 30 September
2021 2020
Reklasifikasi dari aset lainnya ke Reclassification of other assets to
properti investasi 492,106,711 - investment properties
Penambahan properti investasi Additions to investment properties
melalui utang dan akrual 38,137,144 49,519,622 through payables and accruals
Reklasifikasi dari uang muka ke Reclassification of advances to
properti investasi 32,431,482 58,855,862 investment properties
Penambahan aset tetap
melalui utang 40,705 14,900 Additions to fixed assets through payable
Penambahan properti investasi Additions to investment properties
melalui sewa - 70,793,477 through lease
Rugi penjualan Loss on disposal of
properti investasi - (193,897,976) investment properties
Rugi penjualan Loss on disposal of
aset tetap - (3,125,547) fixed assets
ii. Rekonsiliasi utang bersih ii. Net debt reconciliation
Liabilitas
sewa/
Kas/ Pinjaman/ Lease Jumlah/
Cash Borrowings liabilities Total
Utang bersih pada Net debt
31 Desember 2019 129,320,049 (794,753,623) (336,952) (665,770,526) as at 31 December 2019 Arus kas 1,088,860,151 238,234,481 6,148,856 1,333,243,482 Cash flows Penyesuaian selisih kurs (4,952,243) (3,448,488) - (8,400,725) Foreign exchange adjustments Transaksi non-kas lainnya - (339,373) (70,793,476) (71,132,849) Other non-cash transaction
Utang bersih pada Net debt
30 September 2020 1,213,227,957 (560,307,003) (64,981,572) 587,939,382 as at 30 September 2020
Utang bersih pada Net debt
31 December 2020 1,252,298,329 (629,886,476) (43,857,240) 578,554,613 as at 31 December 2020
Arus kas (363,050,193) (139,145,083) - (502,195,276) Cash flows
Penyesuaian selisih kurs 387,123 - - 387,123 Foreign exchange adjustments
Transaksi non-kas lainnya - 1,609,098 (4,101,579) (2,492,481) Other non-cash transaction
Utang bersih pada Net debt
30 September 2021 889,635,259 (767,422,461) (47,958,819) 74,253,979 as at 30 September 2021
berkaitan dengan sewa menyewa di Grup adalah sebagai berikut: the Group were as follows:
a. Perjanjian sewa menyewa – entitas anak a. Lease agreements – the subsidiaries
Entitas/ Tanggal Perjanjian/ Periode kontrak/ Pihak/ Termin pembayaran/ Objek sewa/ Satuan/
Entity Date of Agreement Contracts periods Parties Payment terms Leased object Units
PT Mega Dharma Properti 19 September 2016 April 2017 - Maret/March 2027 PT Lastana Express Indonesia Tahunan/Annually Sewa gudang/ 30,000m2/sqm
Warehouse lease
Sewa ruang kantor/ 1,500 m2/sqm
Office space lease
PT Mega Dharma Properti 1 Maret/March 2020 Maret/March 2020 - PT Lastana Express Indonesia Tahunan/Annually Sewa gudang/ 33,805 m2/sqm
(adendum/addendum Maret/March 2030 Warehouse lease
30 Juli/July 2020) Sewa ruang kantor/ 2,274 m2/sqm
Office space lease
PT Mega Properti Logistik 30 Oktober/ October 2020 November 2020 - PT Kadaka Adhi Logistik Semesteran/Semi-annually Sewa gudang dan ruang 14,446 m2/sqm
Nusantara Januari/January 2028 kantor/Warehouse
and office space lease
Rak/Racking 16,340 palet/pallets
PT Mega Properti Logistik 6 Juni/June 2018 Juni/June 2018 - Mei/May 2022 PT Orindo Alam Ayu 2 Tahunan/2 Years Sewa gudang dan ruang 8,335 m2/sqm
Nusantara kantor/Warehouse
and office space lease
Mezzanine 600 m2/sqm
PT Mega Properti Logistik 14 November 2018 November 2018 - November 2023 PT Syngenta Indonesia Triwulanan/Quarterly Sewa gudang/ 7,528 m2/sqm
Nusantara Warehouse lease
Sewa ruang kantor/ 95 m2/sqm
Office space lease
Entity Date of Agreement Contracts periods Parties Payment terms Leased object Units
PT Subang Cakrawala 9 November 2020 Januari/January 2021 - PT Best Logistics Service Semesteran/Semi-annually Sewa gudang/ 4,195 m2/sqm
Properti Desember/December 2021 Warehouse lease
Sewa ruang kantor/ 215 m2/sqm
Office space lease
PT Subang Cakrawala 23 Oktober/October 2018 Januari/January 2019 - PT Kamigumi Logistics Indonesia Tahunan/Annually Sewa gudang/ 4,370 m2/sqm
Properti Desember/December 2021 Warehouse lease
PT Subang Cakrawala 11 Februari/February 2021 April 2021 - PT Monotaro Indonesia Semesteran/Semi-annually Sewa gudang/ 2,528 m2/sqm
Properti Maret/March 2023 Warehouse lease
Sewa ruang kantor 102 m2/sqm
PT Subang Cakrawala 3 Mei/May 2021 Mei/May 2021 - PT MHE-Demag Indonesia Semesteran/Semi-annually Sewa gudang/ 877 m2/sqm
Properti Mei/May 2024 Warehouse lease
Sewa ruang kantor 51 m2/sqm
Office space lease
PT Ace Dalle Mega 23 Maret/March 2018 Juli/July 2019 - Juli/July 2030 PT DHL Supply Chain Indonesia Tahunan/Annually Sewa gudang/ 67,475 m2/sqm
Properti Warehouse lease
PT Manunggal Persada 14 Juli/July 2020 Juli/July 2020 - PT LF Services Indonesia Triwulan/Quarterly Sewa gudang/ 15,500 m2/sqm
Properti September 2024 Warehouse lease
PT Manunggal Persada 31 Maret/March 2021 April 2021 - PT Damco Warehousing Tahunan/Annually Sewa gudang/ 1,595 m2/sqm
Properti Juni/June 2022 Indonesia Warehouse lease
Sewa ruang kantor/ 30 m2/sqm
Office space lease
Rak/Racking 1,300 palet/pallets
PT Manunggal Persada 1 Mei/May 2021 Juni/June 2021 - PT Damco Warehousing Tahunan/Annually Sewa gudang/ 3,220 m2/sqm
Properti Mei/May 2022 Indonesia Warehouse lease
Sewa ruang kantor/ 15 m2/sqm
Office space lease
Rak/Racking 3,684 palet/pallets
PT Manunggal Persada 21 Juni/June 2021 Juli/July 2021 - PT Damco Warehousing Tahunan/Annually Sewa gudang/ 8,892 m2/sqm
Properti Januari/January 2023 Indonesia Warehouse lease
Rak/Racking 12,450 palet/pallets
Entitas/ Tanggal Perjanjian/ Periode kontrak/ Pihak/ Termin pembayaran/ Objek sewa/ Satuan/
Entity Date of Agreement Contracts periods Parties Payment terms Leased object Units
PT Bukit Properti Logistik 14 Agustus/Augusts 2020 April 2021 - PT Yamaha Indonesia Motor 2 Tahunan/2 Years Sewa gudang/ 25,000 m2/sqm
Maret/March 2031 Manufacturing Warehouse lease
Sewa ruang kantor/ 216 m2/sqm
Office space lease
PT Bukit Properti Logistik 28 Agustus/Augusts 2020 Maret/ March 2021 - PT Havi Indonesia Triwulan/Quarterly Sewa gudang/ 11,217.5 m2/sqm
Juli/July 2031 Warehouse lease
PT Manunggal Timur 30 Desember/December 2019 Maret/March 2020 - PT LF Services Indonesia Triwulan/Quarterly Sewa gudang/ 5,472 m2/sqm
Properti Februari/February 2023 Warehouse lease
PT Manunggal Timur 8 Desember/December 2020 Februari/February 2021 - PT LF Services Indonesia Triwulan/Quarterly Sewa gudang/ 4,104 m2/sqm
Properti September 2023 Warehouse lease
PT Manunggal Timur 5 Juli/July 2021 Juli/July 2021 - PT Agility International Triwulan/Quarterly Sewa gudang/ 4,104 m2/sqm
Properti Januari/January 2022 Warehouse lease
PT Mega Cahaya Properti 25 Juni/June 2020 November 2020 - PT Tani Supply Indonesia Bulanan/Monthly Sewa gudang/ 11,664 m2/sqm
Oktober/October 2022 Warehouse lease
PT Mega Cahaya Properti 28 Agustus/August 2020 September 2020 - PT Kiat Ananda Coldstorage Triwulan/Quarterly Sewa gudang/ 7,776 m2/sqm
Agustus/August 2022 Warehouse lease
Sewa ruang kantor 90 m2/sqm
Office space lease
PT Mega Cahaya Properti 16 Juli/July 2021 Juli/July 2021 - PT KAO Indonesia Bulanan/Monthly Sewa gudang/ 3,798 m2/sqm
Februari/February 2022 Warehouse lease
PT Mega Aruna Nusantara 18 Maret/March 2021 Maret/March 2021 - PT Shopee International Indonesia Semesteran/Semi-annually Sewa gudang/ 5,367 m2/sqm
Properti Maret/March 2022 Warehouse lease
Sewa ruang kantor 180 m2/sqm Office space lease
b. Perjanjian Penting Lainnya b. Other Signficant Agreements Jasa Manajemen Properti dan Penasihat Dana
Strategis
Property Management and Strategic Fund Advisor Services
Pada tanggal 12 Juni 2020, Perseroan ditunjuk sebagai properti manajer dan penasihat dana strategis oleh Alpha Investment Partners Limited (“AIP”). Sebagai properti manajer, Perseroan akan memperoleh iuran tahunan sebesar 3% dari laba kotor ILO, sedangkan sebagai penasihat dana strategis, Perseroan akan memperoleh biaya manajemen yang dihitung berdasarkan suatu formula tertentu.
On 12 June 2020, the Company was appointed as a property manager and strategic fund advisor by Alpha Investment Partners Limited (“AIP”). As the property manager, the Company shall earn an annual fee of 3% of ILO’s gross profit, while as the strategic fund advisor, the company shall receive management fees that are calculated based on a certain formula.
Perjanjian Sewa Tanah di MANP Land Lease Agreement in MANP Pada tanggal 25 Februari 2020, MANP
menandatangani perjanjian sewa tanah yang mencakup hak untuk mendirikan bangunan di atas tanah yang disewa dengan PT Cakrawala Terang Abadi (“CTA”) dan PT Mutiara Indah Osowilangun Megah (“MIOM”). CTA dan MIOM setuju untuk menyewakan tanah mereka dengan luas masing-masing 20.307 m2 dan 57.810 m2. MANP akan membangun sebuah gudang dan menyewakannya dengan sewa operasi setelah konstruksi selesai. Di akhir masa sewa pada tahun 2041, MANP akan mengalihkan kepemilikan gudang kepada CTA dan MIOM.
On 25 February 2020, MANP entered into land lease agreements which included the right to construct buildings on the leased land with PT Cakrawala Terang Abadi (“CTA”) and PT Mutiara Indah Osowilangun Megah (“MIOM”). CTA and MIOM agreed to lease their land with total area of 20,307 sqm and 57,810 sqm, respectively. MANP will build a warehouse and lease it out under operating lease once the constructions are completed. At the end of the lease term in 2041, MANP will transfer the ownership of the warehouse to CTA and MIOM.
32. KOMITMEN 32. COMMITMENTS
a. Pengeluaran modal a. Capital expenditures Pada tanggal 30 September 2021 and
31 Desember 2020, komitmen pengeluaran modal adalah sebesar Rp 43.706.723 dan Rp 212.177.866.
As at 30 September 2021 and 31 December 2020, commitments on capital expenditures amounted to Rp 43,706,723 and Rp 212,177,866.
b. Komitmen sewa sebagai pihak yang menyewakan
b. Lease commitment as a lessor
Pada tanggal 30 September 2021 dan 31 Desember 2020, jumlah pembayaran sewa minimum di masa mendatang yang akan diterima oleh Grup dari transaksi sewa adalah sebagai berikut:
As at 30 September 2021 and 31 December 2020, the future minimum lease payments that the Group will receive from its lease out transactions were as follows:
30 September 31 Desember/
2021 December 2020
< 1 tahun/year 179,116,948 175,986,078
1-5 tahun/year 745,651,407 699,159,046
> 5 tahun/year 744,845,606 773,334,444
1,669,613,961 1,648,479,568
33. DAMPAK COVID-19 33. COVID-19 IMPACT
Sejak awal tahun 2020, pandemi COVID-19 telah menyebar ke berbagai negara termasuk Indonesia, dan juga berimbas pada bisnis dan kegiatan perekonomian Grup di beberapa aspek.
Since early 2020, the COVID-19 pandemic has spread across many countries including Indonesia, and also affected the business and economic activities of the Group to some extent.
Dalam hal pembangunan gudang baru Grup, tidak terdapat penambahan rencana pembangunan gudang baru selain penyelesaian pembangunan gudang yang sudah berjalan sebelum pandemi terjadi. Selain itu, Grup telah melakukan beberapa penyesuaian atas beberapa prosedur operasional untuk menaati protokol kesehatan yang berlaku dan memastikan operasional yang optimal dan aman bagi karyawan dan penyewa. Berdasarkan hal ini, Grup tidak melihat adanya ketidakpastian material yang akan menyebabkan kerugian yang signifikan terhadap bisnis dan operasional Grup atau menimbulkan keraguan signifikan atas kemampuan Grup untuk mempertahankan kelangsungan usahanya.
In terms of construction of the Group’s new warehouses, there was no addition to the plan of building new warehouses except for the completion of the warehouse constructions that were already running before the pandemic occurred. In addition, the Group had made adjustments to several operational procedures to adhere to the applicable health protocol and ensure optimum and safe operations for its employees and tenants. Based on this, the Group do not foresee any material uncertainty that may have significant adverse impact to the Group’s business and operation or may cast significant doubt on the Group’s ability to continue as a going concern.
Grup akan secara berkelanjutan memantau perkembangan pandemi COVID-19 dan mengevaluasi dampaknya.
The Group will continuously monitor the development of the COVID-19 pandemic and evaluate the impact.
34. INFORMASI PENTING LAINNYA 34. OTHER SIGNIFICANT INFORMATION
Pada tahun 2019, Perseroan dan entitas anak, Intirub, berencana untuk menjual tanah dan bangunan (“Aset”) mereka kepada ILO, di mana Perseroan memiliki pengaruh yang signifikan.
Transaksi penjualan Aset tersebut digolongkan sebagai transaksi dengan suatu pihak terafiliasi dengan nilai material. Oleh karena itu, Perseroan harus dan telah mengikuti prosedur yang dipersyaratkan dalam peraturan BAPEPAM-LK No.
IX.E.1 dan IX.E.2 sebagai berikut: 1) Aset yang dijual dinilai oleh penilai independen yang memenuhi syarat, 2) menerbitkan pendapat kewajaran (“FO”), 3) laporan transparansi yang dipublikasikan kepada publik dan dilaporkan kepada Otoritas Jasa Keuangan (“OJK”). Pada 31 Desember 2019, nilai transaksi didasarkan pada Perjanjian Jual Beli Bersyarat dengan nilai yang berbeda dari hasil penilaian Aset. Namun, perbedaan tersebut masih berada dalam kisaran yang dianggap wajar dalam FO.
In 2019, the Company and its subsidiary, Intirub, planned to sell their land and buildings (“Assets”) to ILO which the Company had significant influence.
The transaction to sell the Assets was classified as a transaction with an affiliated party with material amounts. Therefore, the Company must and have followed the procedures required under BAPEPAM-LK regulation No. IX.E.1 and IX.E.2 as follows: 1) the Assets sold were valued by qualified independent valuer, 2) fairness opinion (“FO”) issued, 3) transparency report published to public and reported to Financial Services Authority (“OJK”). As at 31 December 2019, the transaction value was based on the Conditional Sell and Purchase Agreement with value that deviated from Assets’ valuation results. However, the deviation still fell within the range deemed reasonable in the FO.
Pasca terjadinya pandemi Covid-19, terjadi renegosiasi yang berujung pada perubahan nilai transaksi penjualan aset tersebut. Penjualan tersebut akhirnya selesai pada bulan Agustus dan September 2020. Nilai yang dinegosiasikan kembali tersebut lebih rendah dari nilai yang telah disetujui sebelumnya oleh Rapat Umum Pemegang Saham Luar Biasa pada bulan Desember 2019. Perseroan secara tidak sengaja gagal memperoleh FO yang terbaru dan melakukan proses keterbukaan informasi sebagaimana dipersyaratkan dalam peraturan BAPEPAM-LK No. IX.E.1 dan IX.E.2.
Perseroan melaporkan kelalaian tersebut kepada OJK pada tanggal 17 Mei 2021. Sampai dengan tanggal penerbitan laporan keuangan konsolidasian interim ini, hal tersebut masih dalam proses.
Following the Covid-19 pandemic, there was a renegotiation which led to the change in the transaction value of the sale of the assets. The sale was eventually concluded in August and September 2020. The renegotiated value was lower than the one previously approved by the Extraordinary General Meeting of Shareholders in December 2019. The Company unintentionally failed to obtain an updated FO and undertake the information disclosure process as required under BAPEPAM-LK regulation No. IX.E.1 and IX.E.2. The Company reported this omission to OJK on 17 May 2021. Up to the issuance date of these interim consolidated financial statements, this matter is still in progress.
Manajemen mengambil langkah untuk mendapatkan penilai independen untuk meninjau transaksi.
Manajemen berkeyakinan bahwa tidak terdapat inkonsistensi dalam hasil penelaahan dengan dasar keputusan mereka untuk menyepakati perubahan nilai transaksi. Meskipun mungkin terdapat konsekuensi ekonomi dari kegagalan untuk memperoleh FO yang terkini dan melakukan proses pengungkapan informasi seperti yang dibahas di atas, manajemen tidak berpandangan bahwa dampaknya akan material terhadap laporan keuangan konsolidasian interim Grup.
Management took a step to get an independent valuer to review the transaction. Management believes that there was no inconsistency in the outcome of the review with the basis of their decision to agree on the change in the transaction value. Whilst there could be economic consequences of failing to obtain the updated FO and undertake the information disclosure process as discussed above, management does not believe the impact will be material to the Group’s interim consolidated financial statements.