PENGGUNAANNYA EARNINGS Berdasarkan Berita Acara Rapat Umum Pemegang Saham
4. Internal control
The Company has the Internal Audit Division in place, which independently reports on process and results of assessment to the Board of Commissioners and Directors. The responsibility of the Internal Audit Division includes:
- Menyediakan penilaian atas kecukupan dan efektifitas dari proses bisnis yang ada di dalam Perusahaan;
- Melakukan pemeriksaan atas kepatuhan terhadap kebijakan-kebijakan risiko Perusahaan;
- Melaporkan masalah-masalah penting yang terkait dengan proses pengendalian di dalam Perusahaan termasuk rekomendasi perbaikan yang potensial terhadap proses tersebut; dan
- Melakukan koordinasi strategis dengan fungsi pengendali dan pengawasan lainnya (manajemen risiko, hukum, sistem dan prosedur, dan audit eksternal).
- Providing assessment on the adequacy and effectiveness of the entire existing business process within the Company;
- Conducting examination on compliance to the Company’s risk policies;
- Reporting on significant issues related to the control activities within the Company, including potential improvements to these processes; and
- Coordinating with other controlling and supervisory functions (risk management, compliance, legal, system and procedures, and external auditor)
Proses dan penilaian risiko Process and risk assessments Pada dasarnya proses manajemen risiko dilakukan oleh
masing-masing unit mengingat risiko yang dihadapi merupakan risiko individual yang melekat pada produk, transaksi maupun proses pada unit yang bersangkutan.
Tugas utama dari Departemen Manajemen Risiko adalah menetapkan kebijakan dan prosedur manajemen risiko serta melakukan serangkaian proses untuk mengumpulkan, melakukan pengukuran dan pelaporan kepada Dewan Komisaris dan Dewan Direksi. Penetapan kebijakan manajemen risiko dilakukan melalui proses persetujuan Direksi.
Basically, risk management processes are carried out by each unit considering that the risk faced represents individual risks which are embedded into the products, transactions, as well as process in the related unit. The primary task of Risk Management Division is to determine policies and procedures as well as doing a series of processes of collecting, measuring, and reporting to the Board of Commissioners and Directors. The determination of risk management policies is carried out through approval process by the Board of Directors.
1. Risiko Kredit 1. Credit Risk
Risiko kredit adalah risiko utama Perusahaan, yaitu risiko yang timbul apabila konsumen tidak dapat memenuhi kewajibannya sesuai dengan perjanjian yang telah disepakati antara konsumen dengan Perusahaan.
Credit risk is the main risk of the Company, that is the risk arising when the customer are unable to meet its obligation in accordance with the agreement as agreed upon between the customer and the Company.
Manajemen risiko yang telah diterapkan Perusahaan adalah sebagai berikut:
Diversifikasi portofolio menurut wilayah, sektor ekonomi dan industri, merk dan tipe barang.
Risk Adjusted Pricing Method, yaitu penetapan tingkat bunga pembiayaan berdasarkan risiko yang dihadapi, antara lain dinilai dari tingkat uang muka yang dibayar konsumen, usia kendaraan yang dibiayai, jenis penutupan asuransi yang dipilih dan lain sebagainya.
Risk management that has been applied by the Company are as follows:
Diversify the portfolio by region, economic sector and industry, brand and type of goods.
Risk Adjusted Pricing Method, namely setting the interest rate of financing based on the risks faced by, among others, assessed based on the level of advances paid by consumers, age of vehicles financed, type of insurance coverage selected and so forth.
Proses dan penilaian risiko (Lanjutan) Process and risk assessments (Continued)
1. Risiko Kredit (Lanjutan) 1. Credit Risk (Continued)
Manajemen risiko yang telah diterapkan Perusahaan
adalah sebagai berikut: (Lanjutan) Risk management that has been applied by the Company are as follows: (Continued)
Analisa atas kualitas portofolio secara periodik dan tindakan preventif dan sanksi bagi cabang-cabang yang kualitas portofolionya tidak sesuai target.
Analysis of portfolio quality through periodic and preventive actions and sanctions for branches whose quality of its portfolio is not on target.
Tabel berikut menjelaskan eksposur maksimum sesuai
dengan konsentrasi risiko kredit: The following table illustrates the Company’s maximum exposure based on credit risk concentration:
30 Juni/June 2022
Eksposur maksimum/
Korporasi/ Ritel/ Maximum Corporate Retail exposure
Kas dan setara kas 1.114.180 - 1.114.180 Cash and cash equivalents
Piutang pembiayaan 2.249.792 14.531.909 16.781.701 Financing receivables
Piutang ijarah - 453 453 Ijarah receivables
Aset derivatif 39.152 - 39.152 Derivative Assets
Piutang karyawan - 14.916 14.916 Employee receivables
3.403.124 14.547.278 17.950.402
31 Desember/December 2021 Eksposur maksimum/
Korporasi/ Ritel/ Maximum Corporate Retail exposure
Kas dan setara kas 969.182 - 969.182 Cash and cash equivalents
Piutang pembiayaan 1.838.675 12.679.546 14.518.221 Financing receivables
Piutang ijarah - 1.155 1.155 Ijarah receivables
Piutang karyawan - 14.473 14.473 Employee receivables
2.807.857 12.695.174 15.503.031 Tabel berikut menjelaskan rincian aset keuangan
Perusahaan yang dibedakan antara yang mengalami penurunan nilai dan yang tidak:
The following table illustrates the detail of financial assets distinguished between those which impaired and not impaired:
30 Juni/June 2022
Tidak
mengalami Mengalami penurunan penurunan
nilai/ nilai/ Jumlah/
Not impaired Impaired Total
Kas dan setara kas 1.114.180 - 1.114.180 Cash and cash equivalents Piutang pembiayaan 16.600.541 181.160 16.781.701 Financing receivables
Piutang ijarah 348 105 453 Ijarah receivables
Aset derivatif 39.152 39.152 Derivative assets
Piutang karyawan 14.916 - 14.916 Employee receivables
17.769.137 181.265 17.950.402
Dikurangi: Less:
Cadangan kerugian
penurunan nilai (840.710 ) Allowance for impairment losses
Proses dan penilaian risiko (Lanjutan) Process and risk assessments (Continued)
1. Risiko Kredit (Lanjutan) 1. Credit Risk (Continued)
Tabel berikut menjelaskan rincian aset keuangan Perusahaan yang dibedakan antara yang mengalami penurunan nilai dan yang tidak: (Lanjutan)
The following table illustrates the detail of financial assets distinguished between those which impaired and not impaired: (Continued)
31 Desember/December 2021
Tidak
mengalami Mengalami penurunan penurunan
nilai/ nilai/ Jumlah/
Not impaired Impaired Total
Kas dan setara kas 969.182 - 969.182 Cash and cash equivalents
Piutang pembiayaan 14.336.417 181.804 14.518.221 Financing receivables
Piutang ijarah 771 384 1.155 Ijarah receivables
Piutang karyawan 14.473 - 14.473 Employee receivables
15.320.843 182.188 15.503.031
Dikurangi: Less:
Cadangan kerugian
penurunan nilai (842.244 ) Allowance for impairment losses
14.660.787
Tabel berikut menjelaskan rincian aset keuangan Perusahaan yang penilaian penurunan nilainya dibedakan antara yang dinilai secara individual dan kolektif.
The following table illustrates the detail of financial assets distinguished between those assessed individually and collectively.
30 Juni/June 2022
Individual/ Kolektif/ Jumlah/
Individual Collective Total
Kas dan setara kas 1.114.180 - 1.114.180 Cash and cash equivalents
Piutang pembiayaan 769.485 16.012.216 16.781.701 Financing receivables
Piutang ijarah 341 112 453 Ijarah receivables
Aset derivatif 39.152 - 39.152 Derivative assets
Piutang karyawan 14.916 - 14.916 Employee receivables
1.938.074 16.012.328 17.950.402
Dikurangi: Less:
Cadangan kerugian
penurunan nilai (840.710 ) Allowance for impairment losses
17.109.692
31 Desember/December 2021 Individual/ Kolektif/ Jumlah/
Individual Collective Total
Kas dan setara kas 969.182 - 969.182 Cash and cash equivalents
Piutang pembiayaan 1.493.864 13.024.357 14.518.221 Financing receivables
Piutang ijarah 503 652 1.155 Ijarah receivables
Piutang karyawan 14.473 - 14.473 Employee receivables
2.478.022 13.025.009 15.503.031
Proses dan penilaian risiko (Lanjutan) Process and risk assessments (Continued)
2. Risiko Pasar 2. Market Risk
Risiko pasar merupakan risiko yang terutama berkaitan dengan perubahan perubahan nilai suku bunga dan nilai tukar mata uang yang akan menyebabkan berkurangnya pendapatan, atau bertambahnya biaya modal Perusahaan. Dengan pola aktivitas usaha yang dijalankan Perusahaan saat ini, risiko pasar Perusahaan adalah minimal. Perusahaan tidak mempunyai kegiatan usaha pembiayaan dalam bentuk maupun menggunakan mata uang asing, sementara seluruh utang Perusahaan dalam mata uang asing telah diproteksi dengan swap dalam jumlah dan tanggal jatuh tempo yang sama dengan utangnya. Dalam hal suku bunga, seluruh bunga yang dibebankan ke konsumen adalah suku bunga tetap (fixed interest rate), sementara utang yang diperoleh sebagian besar juga dalam suku bunga tetap dan hanya sebagian kecil utang dalam bentuk bunga mengambang (floating interest rate).
Market risk is the risk primarily due to changes in interest rates and exchange rates which could resulting in decrease in revenue, or increase in cost of capital of the Company. With the pattern of business activity currently operated by the Company, the market risk of the Company is mitigated to the minimum level. The Company has neither financing business activity that denominated in foreign currencies, while all borrowings of the Company that denominated in foreign currencies have been protected by entering into swap transactions at amount and settlement date that similar to the borrowings thereof. In terms of interest rate, all interest rate charged to the customer is fixed interest rate, while most of the borrowings received bear fixed interest rate, and only a small portion the borrowings bear floating interest rate.
Manajemen risiko yang telah diterapkan oleh Perusahaan adalah sebagai berikut:
Mengelola risiko perubahan nilai tukar mata uang asing.
Melakukan penelaahan atas tingkat bunga pembiayaan yang dikaitkan dengan tingkat suku bunga pinjaman.
Membatasi eksposur dalam investasi yang memiliki harga pasar yang fluktuatif.
Risk management that has been applied by the Company are as follows:
Managing risks of foreign exchange rates.
Performing review over the interest rate on financing associated with interest rate on borrowings.
Limiting exposure in the investment that has fluctuating market prices.
Tabel berikut menjelaskan eksposur Perusahaan atas risiko nilai tukar mata uang asing pada tanggal 30 Juni 2022. Termasuk didalamnya adalah instrumen keuangan Perusahaan pada nilai tercatat, dikategorikan berdasarkan jenis mata uang.
The following table illustrates the Company’s exposure to foreign currency exchange rate risk as of 30 June 2022. Included in the table are financial instruments of the Company at carrying amounts, categorised by currency.
30 Juni/June 2022 USD
(Nilai penuh)/ Nilai (Rp)/
(Full amount) Equivalent (Rp)
Liabilitas Liabilities
Pinjaman yang diterima 124.333.334 1.846.101 Fund borrowings
Beban yang masih harus dibayar 1.144.737 16.997 Accrued expenses
Jumlah liabilitas 125.478.071 1.863.098 Total liabilities
Liabilitas neto Net liabilities
Kontrak valuta berjangka Foreign currency swap transactions
pertukaran mata uang asing (125.478.071 ) (1.863.098 ) contract
Eksposur neto dalam mata uang
asing - - Net exposure in foreign currency
Manajemen risiko tingkat suku bunga terhadap limit perubahan tingkat suku bunga dilengkapi dengan pemantauan atas sensitivitas aset dan liabilitas keuangan Perusahaan terhadap beberapa skenario suku bunga baku maupun non-baku.
The management of interest rate risk against interest rate gap limits is supplemented by monitoring the sensitivity of the Company’s financial assets and liabilities to various standard and non-standard interest rate scenarios.
2. Risiko Pasar (Lanjutan) 2. Market Risk (Continued)