2017 2016
Aset eksplorasi dan evaluasi pada Exploration and evaluation assets
area of interest: per area of interest:
Doup 44,167,203 40,710,393 Doup Pani 46,304,316 36,184,553 Pani Bakan 21,031,020 15,989,096 Bakan Lanut (Extension) 5,960,868 4,861,388 Lanut (Extension) Penjom 10,945,556 1,837,301 Penjom Seruyung 2,311,360 1,624,020 Seruyung
Jumlah 130,720,323 101,206,751 Total
Mutasi dari nilai tercatat properti pertambangan berdasarkan area of interest adalah sebagai berikut:
The changes in the carrying amount of mining properties per area of interest follows:
1 Januari/ 30 September/
January 1, Penambahan/ Pengurangan/ Reklasifikasi/ September 30,
2017 Additions Deductions Reclassifications 2017
Doup 40,710,393 3,456,810 - - 44,167,203 Doup Pani 36,184,553 10,119,763 - - 46,304,316 Pani Bakan 15,989,096 8,134,997 - (3,093,073) 21,031,020 Bakan Seruyung 1,624,020 1,019,602 - (332,262) 2,311,360 Seruyung Lanut (Extension) 4,861,388 1,099,480 - - 5,960,868 Lanut (Extension) Penjom 1,837,301 9,108,255 - - 10,945,556 Penjom Jumlah 101,206,751 32,938,907 - (3,425,335) 130,720,323 Total
Area Area
Changes during 2017
Perubahan selama tahun 2017/
1 Januari/ 31 Desember/
January 1, Penambahan/ Pengurangan/ Reklasifikasi/ December 31,
2016 Additions Deductions Reclassifications 2016
Doup 37.844.508 2.865.885 - - 40.710.393 Doup Pani 30.312.491 5.872.062 - - 36.184.553 Pani Bakan 14.213.568 6.264.623 - (4.489.095) 15.989.096 Bakan Seruyung 8.338.750 2.246.582 - (8.961.312) 1.624.020 Seruyung Lanut (Extension) 8.285.806 48.172 (3.472.590) - 4.861.388 Lanut (Extension) Penjom 435.073 4.617.228 - (3.215.000) 1.837.301 Penjom Jumlah 99.430.196 21.914.552 (3.472.590) (16.665.407) 101.206.751 Total
Area Area
Changes during 2016
Perubahan selama tahun 2016/
Reklasifikasi pada tahun 2016 sebesar US$ 16.665.407 merupakan jumlah biaya eksplorasi dan evaluasi aset yang dipindahkan ke properti pertambangan setelah cadangan terbukti telah ditentukan di area of interest Bakan, Seruyung dan Penjom (Catatan 11).
Reclassifications in 2016 totaling to US$ 16,665,407 represent the total cost of exploration and evaluation assets transferred to mining properties as proven reserves has been determined in area of interest Bakan, Seruyung and Penjom area (Note 11).
Pengurangan di tahun 2016 merupakan penghapusan aset eksplorasi dan evaluasi (Catatan 30).
Deduction in 2016 represents write-off of exploration and evaluation assets (Note 30).
Pemulihan aset eksplorasi dan evaluasi tergantung pada keberhasilan pengembangan dan eksploitasi komersial atau penjualan area of interest tersebut.
The ultimate recovery of exploration and evaluation assets is dependent upon successful development and commercial exploitation or sale of the area of interest.
Manajemen berpendapat bahwa tidak terdapat penurunan nilai atas aset eksplorasi dan evaluasi.
Management believes that there is no impairment in value of the exploration and evaluation assets.
11. Properti Pertambangan 11. Mining Properties
2017 2016
Properti pertambangan pada
area of interest: Mining properties per area of interest:
Lanut dan Bakan 255,769,346 252,010,410 Lanut and Bakan Penjom 234,158,306 234,158,306 Penjom Seruyung 28,956,022 28,956,022 Seruyung Jumlah 518,883,674 515,124,738 Total
Dikurangi: akumulasi amortisasi (213,430,518) (199,616,994) Less: accumulated amortization
Nilai tercatat 305,453,156 315,507,744 Carrying amount
Mutasi dari nilai tercatat properti pertambangan berdasarkan area of interest adalah sebagai berikut:
The changes in the carrying amount of mining properties per area of interest follows:
1 Januari/ 30 September/
January 1, Penambahan/ Pengurangan/ Reklasifikasi/ September 30,
2017 Additions Deductions Reclassifications 2017
US$ US$ US$ US$ US$
Tambang berproduksi Producing mines
Penjom 132,508,572 - (3,005,212) - 129,503,360 Penjom
Lanut dan Bakan 136,180,722 - (5,913,171) - 130,267,551 Lanut and Bakan
Seruyung 13,073,831 - (3,292,429) - 9,781,402 Seruyung
281,763,125 - (12,210,812) - 269,552,313
Aset aktivitas pengupasan
lapisan tanah Stripping activity assets
Penjom 23,577,756 - (1,017,474) - 22,560,282 Penjom Bakan 4,616,275 3,758,936 (585,238) - 7,789,973 Bakan Seruyung 5,550,588 - - 5,550,588 Seruyung 33,744,619 3,758,936 (1,602,712) - 35,900,843 Jumlah 315,507,744 3,758,936 (13,813,524) - 305,453,156 Total Area Area Changes during 2017
1 Januari/ 31 Desember/
January 1, Penambahan/ Pengurangan/ Reklasifikasi/ December 31,
2016 Additions Deductions Reclassifications 2016
US$ US$ US$ US$ US$
Tambang berproduksi Producing mines
Penjom 133,832,017 - (4,538,445) 3,215,000 132,508,572 Penjom Lanut dan Bakan 143,380,411 - (11,688,785) 4,489,096 136,180,722 Lanut and Bakan Seruyung 8,064,018 - (3,951,498) 8,961,311 13,073,831 Seruyung
285,276,446 - (20,178,728) 16,665,407 281,763,125 Aset aktivitas pengupasan
lapisan tanah Stripping activity assets
Penjom 24,800,560 - (1,222,804) - 23,577,756 Penjom Bakan - 5,014,834 (398,559) - 4,616,275 Bakan Seruyung - 6,387,444 (836,856) - 5,550,588 Seruyung 24,800,560 11,402,278 (2,458,219) - 33,744,619 Jumlah 310,077,006 11,402,278 (22,636,947) 16,665,407 315,507,744 Total Area Area Changes during 2016
Perubahan selama tahun 2016/
Pengurangan selama tahun 2017 dan 2016 dicatat ke dalam akun sebagai berikut:
Deductions during 2017 and 2016 were charged to the following accounts:
2017 2016
Amortisasi dibebankan ke: Amortization charged to: Beban pokok penjualan (Catatan 28) 7.527.215 10.919.191 Costs of sales (Note 28)
Amortisasi dan penghapusan (Catatan 30) 5.992.436 11.073.756 Amortization and w rite-off (Note 30) Penyesuaian provisi Adjustment in mine closure
penutupan tambang (Catatan 22) 293.873 644.000 provision (Note 22) Jumlah 13.813.524 22.636.947 Total
Manajemen berpendapat bahwa tidak terdapat penurunan nilai atas properti pertambangan.
Management believes that there is no impairment in values of the mining properties.
12. Goodwill 12. Goodwill
Merupakan goodwill yang diperoleh JRN atas akusisi pada entitas anak dengan rincian sebagai berikut:
This represents goodwill which resulted from JRN’s acquisition of the following subsidiaries:
2017 dan/and 2016
PT Gorontalo Sejahtera Mining 19,761,019 PT Gorontalo Sejahtera Mining
PT Arafura Surya Alam 10,048,411 PT Arafura Surya Alam
PT Sago Prima Pratama 1,688,595 PT Sago Prima Pratama
Jumlah 31,498,025 Total
Nama Entitas Anak Name of Subsidiaries
Uji Penurunan Nilai Goodwill Impairment Test for Goodwill Goodwill dialokasikan terhadap UPK Grup, untuk
tujuan pengujian penurunan nilai pada tanggal 30 September 2017 dan 31 Desember 2016 (pengujian tahunan).
Goodwill was allocated to the CGUs of the Group, for impairment testing as of September 30, 2017 and December 31, 2016 (annual testing).
Untuk tujuan pengujian penurunan nilai tersebut, jumlah terpulihkan dari UPK-UPK di atas ditentukan berdasarkan perhitungan nilai pakai. Nilai pakai ditentukan dengan mendiskontokan arus kas masa depan yang diharapkan akan dihasilkan dari pemakaian berkelanjutan atas UPK-UPK tersebut. Perhitungan nilai pakai berdasarkan pada asumsi-asumsi berikut:
For impairment testing purposes, the recoverable amounts of the CGUs have been determined based on value-in-use calculations. Value in use was determined by discounting the future cash flows expected to be generated from the continuing use of the units. The calculation of the value in use was based on the following key assumptions:
Arus kas di masa depan ditentukan berdasarkan proyeksi penjualan emas dan perak. Beban operasional lainnya diestimasi berdasarkan data historis; dan
Future cash flows were based on the projected sales of gold and silver. Other operational expenses were estimated based on historical rate; and
Tingkat diskonto sebelum pajak yang digunakan untuk menghitung jumlah terpulihkan adalah sebesar 7,90% untuk tahun 2016. Tingkat diskonto ini diestimasi berdasarkan rata-rata tertimbang biaya modal Grup.
Pre-tax discount rates of 7.90% in 2016, respectively, were applied in determining the recoverable amounts. The discount rate used was determined based on the weighted average cost of capital of the Group.
Asumsi utama sebagaimana dijelaskan di atas dapat berubah sejalan dengan perubahan kondisi ekonomi dan pasar. Grup memperkirakan bahwa kemungkinan perubahan asumsi ini tidak akan mengakibatkan nilai tercatat UPK-UPK tersebut melebihi jumlah terpulihkannya secara material Tidak terdapat penurunan nilai yang diakui pada tanggal 30 September 2017 dan 31 Desember 2016, karena jumlah terpulihkan dari goodwill melebihi nilai tercatatnya.
The key assumptions described above may change as economic and market conditions change. The Group estimates that reasonably possible changes in these assumptions would not cause the carrying value of each CGUs to materially exceed its recoverable amount. There was no impairment loss recognized at September 30, 2017 and December 31, 2016, since the recoverable amount of the goodwill is in excess of the carrying value.
13. Aset Tidak Lancar Lain-Lain 13. Other Noncurrent Assets
2017 2016
Pinjaman kepada KUD Dharma Tani Marisa Loan to KUD Dharma Tani Marisa
(Catatan 37c) 2.429.177 2.399.747 (Note 37c)
Taksiran tagihan pajak 1.711.467 2.041.298 Estimated claims for tax refund
Piranti lunak - bersih 452.626 452.689 Softw are - net
Setoran jaminan 69.826 158.208 Security deposits
Rekening bank yang dibatasi
penggunaannya - 2.618.733 Restricted cash in banks
Lain - Lain 26.773 - Others
Ventura bersama (Catatan 1) Joint venture (Note 1)
Harga perolehan - 20.138 At cost
Akumulasi ekuitas pada rugi bersih - (20.138) Accumulated share in net loss
Jumlah 4.689.869 7.670.675 Total
Rekening bank yang dibatasi penggunaannya, merupakan rekening escrow dalam mata uang Dolar Amerika Serikat sehubungan dengan fasilitas pinjaman sindikasi yang di peroleh JRN, JRBM, SPP dan GSM pada 31 Desember 2016 (Catatan 21).
Restricted cash in bank represents U.S. Dollar escrow accounts in relation to the syndicated loan facilities obtained by JRN, JRBM, SPP and GSM December 31, 2016 (Note 21).
PETS mengalami defisit pada tanggal 30 September 2017 dan 31 Desember 2016. Pada tanggal 30 September 2017 dan 31 Desember 2016, bagian PEG atas rugi bersih PETS telah melebihi harga perolehan investasi, sehingga nilai tercatat investasi dalam PETS berkurang menjadi sebesar nihil. Jika PETS selanjutnya melaporkan laba, maka PEG mulai mengakui bagiannya atas laba tersebut hanya setelah bagiannya atas laba tersebut sama dengan bagian atas rugi yang belum diakui. Bagian kerugian bersih dari PETS yang belum diakui adalah sebesar US$ 57.186 pada tanggal 31 Desember 2016.
PETS has deficit as of September 30, 2017 and December 31, 2016. As of September 30, 2017 and December 31, 2016, PEG’s share in net losses of PETS has already exceeded the acquisition cost of its investments, thus, the carrying value of investments in PETS have been reduced to zero. If PETS subsequently reported profit, PEG will resume recognizing its share in the profit of such joint venture only after its share of the profits equals the share of net losses not recognized. Unrecognized share in losses of PETS amounted to US$ 57,186 December 31, 2016, respectively.
14. Pinjaman Bank Jangka Pendek 14. Short-Term Bank Loans
2017 2016
Pihak ketiga - Dolar Amerika Serikat Third parties - U.S. Dollar PT Bank Permata Tbk 21,732,442 19,880,451 PT Bank Permata Tbk PT Bank Danamon Indonesia Tbk 12,259,650 11,405,628 PT Bank Danamon Indonesia Tbk Citibank N.A., Indonesia 16,779,076 4,519,916 Citibank N.A., Indonesia PT Bank OCBC NISP Tbk 5,000,000 - PT Bank OCBC NISP Tbk PT Bank ICBC Indonesia - 3,645,128 PT Bank ICBC Indonesia Jumlah 55,771,168 39,451,123 Total
PT Bank Permata Tbk (Permata) PT Bank Permata Tbk (Permata)
Berdasarkan perubahan perjanjian tanggal 17 Februari 2016, atas fasilitas Letter of Credit yang diperoleh JRN, JRBM dan SPP dari Permata (Catatan 21), para pihak sepakat mengubah penyebutan Fasilitas Letter of Credit 1 dan 2 menjadi Fasilitas Letter of Credit dan GSM dan ASA bisa juga secara bersama-sama JRN, JRBM dan SPP menggunakan Fasilitas Letter of Credit. Berdasarkan surat konfirmasi perpanjangan jangka waktu fasilitas No: 0005/SK/CG8/WB/07/2017 tanggal 31 Juli 2017, jangka waktu fasilitas Letter of Credit diperpanjang sejak 31 Juli 2017 sampai tanggal 31 Desember 2017.
Based on the amendment agreement dated February 17, 2016, on Letter of Credit Facility obtained by JRN, JRBM and SPP from Permata (Note 21), all parties agreed to change in name of Letter of Credit Facility 1 and 2 into Letter of Credit Facility and GSM and ASA could also use jointly with JRN, JRBM and SPP the Letter of Credit Facility. Based on confirmation letter on extension of facility period No: 0005/SK/CG8/WB/07/2017 dated July31, 2017, term on Letter of Credit Facility extended from July 31, 2017 until December 31, 2017.
PT Bank Danamon Indonesia Tbk (Danamon) PT Bank Danamon Indonesia Tbk (Danamon)
Pada tanggal 14 Oktober 2014, JRBM dan SPP memperoleh fasilitas pinjaman dari Danamon berupa Fasilitas Omnibus Trade Finance 1 dan Fasilitas Sight/Usance Letter of Credit dengan masing-masing maksimum fasilitas sejumlah US$ 2.000.000. Pinjaman ini masing-masing berjangka waktu dua belas (12) bulan (Catatan 21).
On October 14, 2014, JRBM and SPP obtained a loan facility from Danamon in the form of Omnibus Trade Finance 1 Facility and Sight/Usance Letter of Credit Facility each with maximum facility of US$ 2,000,000. The term of the loan facility is twelve (12) months (Note 21).
Berdasarkan Perubahan terhadap perjanjian kredit No. 253/PP&PWK/CBD/X/2015 tanggal 5 Oktober 2015, terdapat perubahan antara lain sebagai berikut:
Based on Deed of Changes in Agreement No. 253/PP&PWK/CBD/X/2015 dated October 5, 2015, the amendments on the loan agreement follows:
a. Mengubah penyebutan fasilitas Sight/Usance Letter of Credit menjadi Omnibus Trade Finance 2;
a. The name of Sight/Usance Letter of Credit Facility was changed into Omnibus Trade Finance 2;
b. Mengubah fasilitas Omnibus Trade Finance 2 (sebelumnya Fasilitas Sight/Usance Letter of Credit) menjadi jumlah maksimum pinjaman sebesar US$ 1.680.000; dan
b. The maximum loan facility of Omnibus Trade Finance 2 (previously Sight/Usance Letter of Credit Facility) was amended to become US$ 1,680,000; and
c. Jatuh tempo Fasilitas Omnibus Trade Finance 1 dan Omnibus Trade Finance 2 masing- masing diperpanjang sampai dengan 14 Oktober 2016.
c. The term of Omnibus Trade Finance 1 and Omnibus Trade Finance 2 loan facilities has been extended until October 14, 2016.
Pada tanggal 22 Agustus 2016 JRN, JRBM dan SPP memperoleh fasilitas pinjaman dari Danamon berupa Fasilitas Omnibus Trade, Revolving, Uncommitted dengan maksimum fasilitas sejumlah US$ 10.000.000. Jatuh tempo Pinjaman ini adalah tanggal 22 Agustus 2018.
On August 22, 2016, JRN, JRBM and SPP obtained a loan facility from Danamon in the form of Omnibus Trade Facility, Revolving, Uncommitted with maximum facility of US$ 10,000,000. The loan facility has been extended until August 22, 2018.
Citibank N.A., Indonesia (Citibank) Citibank N.A., Indonesia (Citibank)
Pada tanggal 11 Februari 2016 dan perubahan perjanjian terakhir tanggal 12 Juni 2017 , JRN dan SPP memperoleh fasilitas pinjaman Export Credit Financing, Trust Receipt and Short term loan dari Citibank, dengan jumlah fasilitas pinjaman secara gabungan maksimal sebesar US$ 17.000.000 dengan jangka waktu satu (1) tahun. Dan secara otomatis diperpanjang selama 1 tahun berikutnya, hingga Citibank memberikan pemberitahuan pengakhiran fasilitas.
On February 11, 2016 and based on amendment agreement dated on June 12 , 2017, JRN and SPP obtained Export Credit Financing, Trust Receipt and Short term loan facility from Citibank, with total maximum amount of credit facilities of US$ 17,000,000 and with term of one (1) year. And automatically extended for the next one (1) year, until Citibank gives notification of termination of the facility.
PT Bank OCBC NISP Tbk PT Bank OCBC NISP Tbk
Pada tanggal 25 Januari 2017, JRN memperoleh fasilitas pinjaman Demand Loan dari PT Bank OCBC NISP Tbk dengan jumlah fasilitas pinjaman maksimum sebesar US$ 5.000.000 dengan jangka waktu satu (1) tahun. Pinjaman ini dijamin dengan deposito berjangka atas nama Johan Lensa, pihak berelasi.
On January 25, 2017 JRN obtained a Demand Loan facility from PT Bank OCBC NISP Tbk with maximum credit facilities of US$ 5,000,000 and term of loan is one (1) year. This loan facility is secured by pledged time deposit of Johan Lensa, a related party.
PT Bank ICBC Indonesia (ICBC) PT Bank ICBC Indonesia (ICBC)
Pada tanggal 1 November 2013, JRN, JRBM dan SPP memperoleh fasilitas pinjaman dari ICBC berupa Uncommitted Omnibus Trade Facility dengan maksimum fasilitas sejumlah US$ 5.000.000. Pinjaman ini berjangka waktu dua belas (12) bulan. Berdasarkan perubahan perjanjian pinjaman tanggal 1 Desember 2014, jatuh tempo pinjaman diperpanjang sampai dengan 1 November 2015.
On November 1, 2013, JRN, JRBM and SPP obtained a loan facility from ICBC in the form of Uncommitted Omnibus Trade Facility with maximum facility of US$ 5,000,000. The term of the loan facility is twelve (12) months. Based on amendment agreement dated December 1, 2014, the loan facility has been extended until November 1, 2015.
Berdasarkan perubahan perjanjian pinjaman tanggal 16 Desember 2015, jatuh tempo pinjaman diperpanjang sampai dengan 1 Februari 2016.
Based on amendment agreement dated December 16, 2015, the loan facility has been extended until February 1, 2016.
Pada tanggal 17 Februari 2016 JRN, JRBM, ASA, GSM dan SPP memperoleh fasilitas pinjaman dari ICBC berupa Uncommitted Omnibus Trade Facility Tranche D, dengan maksimum fasilitas sejumlah US$ 5.000.000. Pinjaman ini berjangka waktu dua belas (12) bulan.
On February 17, 2016, JRN, JRBM, ASA, GSM and SPP obtained a loan facility from ICBC in the form of Uncommitted Omnibus Trade Facility Tranche D with maximum facility of US$ 5,000,000. The term of the loan facility is twelve (12) months.
PT BANK SUMITOMO MITSUI INDONESIA PT BANK SUMITOMO MITSUI INDONESIA
Pada tanggal 2 Juni 2017, JRN,JRBM,SPP,GSM dan ASA memperoleh fasilitas SKBDN Discounting dari PT Bank Sumitomo Mitsui Indonesia dengan maksimum fasilitas sejumlah US$ 25.000.000. Pinjaman ini berjangka waktu enam (6) bulan.
On June 2, 2017 , JRN,JRBM,SPP,GSM dan ASA obtained a loan facility Trade Finance Discounting from PT Bank Sumitomo Mitsui Indonesia with maximum facility of US$ 25,000,000. The term of the loan facility is six (6) months.
Beban bunga atas seluruh pinjaman bank jangka pendek yang dibebankan pada laba rugi periode 2017 dan 2016 masing-masing sebesar US$ 1.615.742 dan US$ 1.638.946 (Catatan 31).
Interest expense on all short-term bank loans charged to profit or loss in 2017 and 2016 amounted to US$ 1,615,742 and US$ 1,638,946, respectively (Note 31).