DIVESTMENT OF SUBSIDIARIES AND BUSINESS UNIT (continued)
6. INVESTASI JANGKA PENDEK (lanjutan) SHORT-TERM INVESTMENT (continued)
Berdasarkan surat pemberitahuan dari Recapital tanggal 1 Juli 2010 bahwa sesuai dengan Peraturan Bapepam dan LK No. V.G.6 mengenai Pedoman Pengelolaan Portofolio Efek Untuk Kepentingan Nasabah Secara Individu yang ditetapkan pada tanggal 16 April 2010, Recapital telah menyetujui perpanjangan kontrak- kontrak penempatan dana Entitas Induk secara otomatis apabila terdapat jatuh tempo penempatan dana sejak tanggal dikeluarkannya peraturan tersebut sampai adanya perjanjian yang akan disesuaikan dengan peraturan tersebut.
Based on the notification letter from Recapital dated July 1, 2010 that in accordance with Bapepam and LK No. V.G.6 on "Portfolio Management Guidelines For Bank Customers By Individuals which is set on April 16, 2010, Recapital has approved the extension of contracts in its fund placement automatically when there is placement of funds due from the date of issuance of these regulations until there is agreement which will be tailored to these regulations.
Pada tanggal 14 Februari 2011, Entitas Induk dan Recapital menandatangani Perjanjian Kontrak Pengelolaan Dana Nasabah Individu dimana Recapital setuju untuk mengelola dana Entitas Induk maksimum sebesar Rp 103,49 miliar.
On February 14, 2011, the Company and Recapital entered into Individual Customer Discretionary Fund Agreement whereas Recapital agreed to manage the fund with maximum of Rp 103.49 billion.
Pada tanggal 19 Juli 2010, Entitas Induk dan PT Henan Putihrai Asset Management (HPAM) menandatangani Perjanjian Pengelolaan Dana dimana HPAM setuju untuk mengelola dana maksimum sebesar Rp 3 triliun dalam bentuk Discretionary Portfolio Management dengan jangka waktu satu tahun setelah perjanjian ditandatangani. Entitas Induk dan HPAM selanjutnya sepakat bahwa seluruh dana yang dikelola akan ditempatkan pada Reksadana Penyertaan Terbatas.
On July 19, 2010, the Company and PT Henan Putihrai
Asset Management (HPAM) entered into a
Discretionary Fund Agreement, whereas HPAM agreed to manage the fund with maximum of Rp 3 trillion in the form of Discretionary Portfolio Management for one year after the agreement is signed. Futhermore, the Company and HPAM agreed that all funds managed by HPAM will be place on Limited Participation Mutual Fund.
Pada tanggal 31 Desember 2011 (2010 dan 1 Januari 2010/31 Desember 2009), Entias Induk, PT Villa Del Sol, PT Krakatau Lampung Tourism Development dan PT Bali Nirwana Resort, Entitas Anak, memiliki investasi dalam surat berharga berupa saham PT Capitalinc Investment Tbk. (dahulu PT Global Financindo Tbk.) (Capitalinc) sejumlah 4.026.705 saham (805.341 saham dan 347.341 saham) dengan nilai nominal saham sebesar Rp 325 (Rp 1.280 dan Rp 900). Investasi saham tersebut diklasifikasikan sebagai Aset Keuangan-Tersedia-untuk Dijual dengan rincian sebagai berikut:
As of December 31, 2011 (2010 and January 1, 2010/December 31, 2009), the Company, PT Villa Del Sol, PT Krakatau Lampung Tourism Development and PT Bali Nirwana Resort, Subsidiaries, hold 4,026,705 shares (805,341 shares and 347,341 shares) with par
value of Rp 325 (Rp 1,280 and Rp 900) of
PT Capitalinc Investment Tbk. (formerly PT Global Financindo Tbk.) (Capitalinc). The investment is classified as Available-for-Sale Finacial Assets with detail as follows:
1 Januari 2010/ 31 Desember 2009
31 Desember 2011/ 31 Desember 2010/ January 1, 2010/
December 31, 2011 December 31, 2010 December 31, 2009
Biaya Perolehan: Cost:
Nilai tercatat awal Carrying value at beginning
tahun 2.974.747.920 2.780.097.920 2.780.097.920 of year
Reklasifikasi kepemilikan Reclassification
saham Capitalinc dari of Capitalinc s shares
aset lain-lain - 194.650.000 - from other assets
1 Januari 2010/ 31 Desember 2009
31 Desember 2011/ 31 Desember 2010/ January 1, 2010/
December 31, 2011 December 31, 2010 December 31, 2009
Penyesuaian efek Adjustment of securities
ke nilai wajar: to fair value:
Jumlah awal tahun (1.943.911.440 ) (2.467.491.020 ) (2.511.587.520 ) Total at beginning of year
Peningkatan Addition during
selama tahun berjalan 277.842.645 523.579.580 44.096.500 the current year
Jumlah penyesuaian efek ke Total adjustment of securities
nilai wajar (1.666.068.795 ) (1.943.911.440 ) (2.467.491.020 ) to fair value
Bersih 1.308.679.125 1.030.836.480 312.606.900 Net
Berdasarkan Akta Notaris Agus Madjid S.H., No. 1 tanggal 1 Juni 2011, PT Capitalinc Investments Tbk. bermaksud melakukan pemecahan nilai nominal saham dengan rasio 1 : 5 sehingga 1 saham Seri A dengan nilai nominal semula Rp 50.000 per saham akan ditukar dengan 5 saham Seri A dengan nilai nominal Rp 10.000 per saham. Sedangkan untuk 1 saham Seri B dengan nilai nominal semula Rp 1.500 per saham akan ditukar dengan 5 saham Seri B dengan nilai Rp 300 per saham.
Based on Notarial Deed No. 1 of Agus Madjid, S.H., dated June 1, 2011, PT Capitalinc Investments Tbk. Intends to conduct stock split with the ratio of 1:5, therefore A series of 1 share with par value of Rp 50,000 per share will be exchanged for A series of 5 shares with par value of Rp 10,000 per share. Meanwhile for the B series of 1 share with par value of Rp 1,500 per share will be exchanged for shares of B series of 5 shares with a par value of Rp 300 per share. Pemecahan nilai nominal tersebut telah disetujui oleh
PT Bursa Efek Indonesia dan berlaku efektif sejak tanggal 11 Juli 2011.
The stock split has been approved by PT Bursa Efek Indonesia and effectively on July 11, 2011.
Pada tanggal 31 Desember 2011 (2010 dan 1 Januari 2010/31 Desember 2009), investasi jangka pendek tersebut merupakan 0,10% (0,11% dan 0,05%) dari jumlah saham beredar yang diterbitkan oleh Capitalinc.
As of December 31, 2011 (2010 and January 1, 2010/ December 31, 2009), this short-term investment was 0.10% (0.11% and 0.05%) from total outstanding shares of Capitalinc.
7. PIUTANG USAHA 7. TRADE RECEIVABLES
Akun ini terdiri dari: This account consists of:
1 Januari 2010/ 31 Desember 2009
31 Desember 2011/ 31 Desember 2010/ January 1, 2010/
December 31, 2011 December 31, 2010 December 31, 2009
Pihak ketiga Third parties
Penjualan tanah, rumah Sales of land, housing and
dan apartemen 559.378.101.682 693.704.593.286 464.821.607.890 apartment
Hotel 195.987.220.894 114.704.725.527 16.878.101.421 Hotel
Penjualan unit
perkantoran 154.217.053.282 240.256.054.299 241.101.452.552 Sales of office unit
Penyewa ruang Tenants of units
Apartemen 82.401.129.369 13.478.445.872 5.393.527.912 of apartment
Penyewaan dan
(Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
(Expressed in Rupiah, unless otherwise stated)
7. PIUTANG USAHA (lanjutan) 7. TRADE RECEIVABLES (continued)
1 Januari 2010/ 31 Desember 2009
31 Desember 2011/ 31 Desember 2010/ January 1, 2010/
December 31, 2011 December 31, 2010 December 31, 2009
Penyewa ruang, Tenants of office spaces,
lapangan dan iuran courts and membership
keanggotaan 13.378.123.970 13.345.565.672 22.945.818.611 fees
Jumlah pihak ketiga 1.049.344.047.896 1.086.796.705.912 756.504.238.885 Total third parties
Dikurangi cadangan Less allowance
kerugian penurunan for impairment
nilai (57.413.489.729 ) (44.540.176.057 ) (7.881.117.267 ) losses
Pihak ketiga - bersih 991.930.558.167 1.042.256.529.855 748.623.121.618 Third parties - net
Pihak berelasi Related parties
Penjualan unit
Perkantoran 101.779.124.041 112.540.797.300 128.359.949.471 Sales of office unit
Penyewa ruang
Perkantoran 16.018.671.186 14.270.049.225 7.897.356.986 Tenants of office spaces
Penjualan tanah, rumah Sales of land, housing and
dan apartemen 58.309.037.233 1.042.859.066 308.999.507 apartment
Hotel 159.325.042 135.440.065 576.493.376 Hotel
Penyewa ruang
Apartemen 52.822.015 54.029.390 671.986.200 Tenants of units of apartment
Jumlah pihak berelasi 176.318.979.517 128.043.175.046 137.814.785.540 Total related parties <
Dikurangi cadangan
kerugian penurunan Less allowance
nilai (1.872.500.645 ) (1.872.500.645 ) (1.731.274.723 ) for impairment losses
Pihak berelasi - bersih 174.446.478.872 126.170.674.401 136.083.510.817 Related parties - net Jumlah piutang usaha 1.166.377.037.039 1.168.427.204.256 884.706.632.435 Total trade receivables
Seluruh piutang usaha dalam denominasi mata uang Rupiah.
All trade receivables was denominated in Rupiah currency.
Mutasi penyisihan atas cadangan penurunan nilai piutang usaha adalah sebagai berikut:
The changes in the allowance for impairment losses of trade receivable are as follows:
1 Januari 2010/ 31 Desember 2009
31 Desember 2011/ 31 Desember 2010/ January 1, 2010/
December 31, 2011 December 31, 2010 December 31, 2009
Pihak ketiga Third parties
Beginning balance
Saldo awal tahun 44.540.176.057 7.881.117.267 3.819.419.091 of the year
Perubahan selama Changes during
tahun berjalan the year
Dampak penerapan Effect of first adoption of
awal atas PSAK PSAK No. 50
No. 50 (Revisi 2006) (Revised 2006) and
dan PSAK No. 55 PSAK No. 55
1 Januari 2010/ 31 Desember 2009
31 Desember 2011/ 31 Desember 2010/ January 1, 2010/
December 31, 2011 December 31, 2010 December 31, 2009
Penambahan Addition of
penyisihan 12.873.313.672 19.271.261.757 4.061.698.176 allowance
Pemulihan penyisihan - (275.281.960) - Recovery of allowance
Saldo akhir tahun 57.413.489.729 44.540.176.057 7.881.117.267 Ending balance of the year
Pihak pihak berelasi Related parties
Saldo awal tahun 1.872.500.645 1.731.274.723 - Beginning balance of the year
Perubahan selama Changes during
tahun berjalan the year
Penambahan penyisihan - 141.225.922 1.731.274.723 Addition of allowance
Saldo akhir tahun 1.872.500.645 1.872.500.645 1.731.274.723 Ending balance of the year
Jumlah 59.285.990.374 46.412.676.702 9.612.391.990 Total
Cadangan kerugian penurunan nilai atas piutang usaha - pihak berelasi berasal dari PT Bakrie Communications, PT CMA Indonesia, PT South East Asia Pipe Industries, PT Bakrie Sumatera Plantations Tbk. dan PT MGTH International dilakukan sehubungan dengan sewa gedung perkantoran. Manajemen meragukan kolektibilitas piutang-piutang tersebut karena umur piutang yang sudah lebih dari 2 tahun.
Allowance for impairment losses for trade receivables - related parties derived from of PT Bakrie Communications, PT CMA Indonesia, PT South East Asia Pipe Industries, PT Bakrie Sumatera Plantations Tbk. and PT MGTH International in connection with rental office space. The management doubt the collectibility of those receivables due to aging of receivable has been more than 2 years.
Berdasarkan hasil penelaahan keadaan masing-masing akun piutang usaha pada akhir tahun, manajemen Grup berkeyakinan bahwa cadangan kerugian penurunan nilai tersebut diatas adalah cukup untuk menutup kemungkinan kerugian atas tidak tertagihnya piutang usaha. Manajemen juga berpendapat bahwa tidak terdapat risiko yang terkonsentrasi secara signifikan atas piutang pihak ketiga.
Based on the review of each trade receivable at the end of the year, Group management believe that those allowance for impairment losses is adequate to cover possible losses from uncollectible trade receivables. Management believes that there are no significant concentration of credit risk in third parties receivables.
Rincian piutang usaha berdasarkan umur piutang adalah sebagai berikut:
The summary of aging schedule of trade receivables is as follows:
1 Januari 2010/ 31 Desember 2009
31 Desember 2011/ 31 Desember 2010/ January 1, 2010/
December 31, 2011 December 31, 2010 December 31, 2009
Sampai dengan 60 hari 357.306.687.669 345.785.980.166 567.269.187.815 Up to 60 days
61 hari sampai 90 hari 59.793.625.129 77.739.426.518 38.360.298.687 61 days to 90 days
Lebih dari 90 hari 808.562.714.615 791.314.474.274 288.689.537.923 More than 90 days
Jumlah 1.225.663.027.413 1.214.839.880.958 894.319.024.425 Total
Penyisihan cadangan Allowance for impairment
kerugian penurunan nilai (59.285.990.374 ) (46.412.676.702 ) (9.612.391.990 ) losses
(Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
(Expressed in Rupiah, unless otherwise stated)
7. PIUTANG USAHA (lanjutan) 7. TRADE RECEIVABLES (continued)
Pada tanggal 31 Desember 2011 (2010 dan 1 Januari 2010/31 Desember 2009), piutang usaha PT Bakrie Swasakti Utama, Entitas Anak, sejumlah Rp 199,97 miliar digunakan sebagai jaminan atas pinjaman modal kerja konstruksi kepada PT Bank Rakyat Indonesia (Persero) Tbk. (lihat Catatan 25 butir c).
As of December 31, 2011 (2010 and January 1, 2010/December 31, 2009), trade receivables of PT Bakrie Swasakti Utama, a Subsidiary, amounting to Rp 199.97 billion were pledged as collateral for working capital construction loans to PT Bank Rakyat Indonesia (Persero) Tbk. (see Note 25 point c).
8. PIUTANG LAIN-LAIN 8. OTHER RECEIVABLES
Akun ini terdiri dari: This account consists of:
1 Januari 2010/ 31 Desember 2009
31 Desember 2011/ 31 Desember 2010/ January 1, 2010/
December 31, 2011 December 31, 2010 December 31, 2009
Pihak ketiga: Third parties
Limitless World Limitless World
International International
Services - 6 Ltd. 391.284.200.000 387.961.650.000 405.610.000.000 Services - 6 Ltd.
PT Balianda Jaya 140.875.954.722 - - PT Balianda Jaya
PT Datanusa Saktijaya 97.577.562.308 59.604.927.854 86.166.060.318 PT Datanusa Saktijaya PT Jurgen International 70.201.757.479 29.792.690.954 25.000.000.000 PT Jurgen International PT Media Dhana Antarkita 28.876.936.761 22.039.187.245 4.024.517.010 PT Media Dhana Antarkita
PT Hutama Karya PT Hutama Karya
(Persero) Tbk. 21.792.236.943 - - (Persero) Tbk.
PT Trans Jabar Tol 17.673.320.000 17.673.320.000 - PT Trans Jabar Tol
PT Megalintas Sejahtera 15.773.918.623 7.991.742.268 8.163.943.544 PT Megalintas Sejahtera PT Graha Multi Insani 883.514.868 2.220.666.288 12.532.061.225 PT Graha Multi Insani
Piutang bunga - 1.791.592.274 6.114.668.576 Interest receivable
PT Mutiara Prakarsa PT Mutiara Prakarsa
Mandiri - - 15.365.895.700 Mandiri
Lain-lain (masing-masing Others (each below
dibawah Rp 2 miliar) 44.268.423.203 36.859.620.203 30.640.746.615 of Rp 2 billion) Jumlah pihak ketiga 829.207.824.907 565.935.397.086 593.617.892.988 Total third parties Dikurangi cadangan
kerugian penurunan Less allowance for
nilai (44.001.669 ) (44.001.669 ) (44.001.669 ) impairment losses
Jumlah pihak ketiga - bersih 829.163.823.238 565.891.395.417 593.573.891.319 Third parties - net
Pihak berelasi: Related parties:
PT Petrocom Nuansa PT Petrocom Nuansa
Nusantara 2.373.870.956 2.373.870.956 2.373.870.956 Nusantara
PT Bakrie Capital PT Bakrie Capital
Indonesia 613.421.758 493.112.481 493.112.481 Indonesia
Lain-lain 583.797.477 - - Others
Jumlah pihak berelasi 3.571.090.191 2.866.983.437 2.866.983.437 Total related parties
Dikurangi cadangan
kerugian penurunan Less allowance for
nilai (2.866.983.437 ) (2.866.983.437 ) (2.866.983.437 ) impairment losses
Jumlah pihak berelasi - bersih 704.106.754 - - Total related parties - net
(continued) Rincian piutang lain-lain berdasarkan mata uang adalah
sebagai berikut:
The summary of original currency of other receivables is as follows:
1 Januari 2010/ 31 Desember 2009
31 Desember 2011/ 31 Desember 2010/ January 1, 2010/
December 31, 2011 December 31, 2010 December 31, 2009
Rupiah Indonesia 438.583.729.992 177.929.745.417 187.963.891.319 Indonesian Rupiah
Dolar Amerika Serikat 391.284.200.000 387.961.650.000 405.610.000.000 United States Dollar
Jumlah 829.867.929.992 565.891.395.417 593.573.891.319 Total
Rincian piutang lain-lain berdasarkan jenisnya: The summary of nature transaction of other receivables is as follows:
1 Januari 2010/ 31 Desember 2009
31 Desember 2011/ 31 Desember 2010/ January 1, 2010/
December 31, 2011 December 31, 2010 December 31, 2009
Piutang pengalihan saham Receivable from transfer of
Entitas Anak 393.283.200.000 387.961.650.000 405.610.000.000 Subsidiaries share
Piutang proyek jalan tol 375.555.385.351 138.234.868.903 135.886.582.097 Toll road receivable project
Piutang bunga 1.791.592.274 1.791.592.274 6.114.668.576 Interest receivable
Lain-lain 59.237.752.367 37.903.284.240 45.962.640.646 Others
Jumlah 829.867.929.992 565.891.395.417 593.573.891.319 Total
Piutang kepada Limitless World International Services - 6 Ltd. (LWIS) merupakan piutang yang timbul atas pengalihan saham Entitas Induk di PT Bakrie Swasakti Utama, PT Bumi Daya Makmur dan PT Superwish Perkasa, Entitas Anak, dengan jumlah keseluruhan sebesar AS$ 43,15 juta (lihat Catatan 44 butir f dan 53 butir c).
Receivable to Limitless World International Services - 6 Ltd. (LWIS) represents receivable from transfer of the Company s shares in PT Bakrie Swasakti Utama, PT Bumi Daya Makmur and PT Superwish Perkasa, Subsidiaries, in a total amounted US$ 43.15 million (see Notes 44 point f and 53 point c).
Berdasarkan penelaahan yang dilakukan oleh Yanuar Bey & Rekan, pihak independen, tertanggal 15 Desember 2010 tidak terdapat penurunan nilai atas piutang Entitas Induk kepada LWIS.
Based on the review by Yanuar Bey & Rekan, independent party, dated December 15, 2010, stated that there is no impairment for the Company s receivable to LWIS.
Piutang lain-lain kepada PT Balianda Jaya merupakan penyetoran dana talangan PT Bakrie Toll Road (BTR), Entitas Anak, untuk proyek pembangunan jalan tol ruas Pejagan - Pemalang (lihat Catatan 44 butir t).
Other receivables from PT Balianda Jaya represents deposit of PT Bakrie Toll Road (BTR), a Subsidiary, for the toll road project development Pejagan - Pemalang (see Note 44 point t).
Piutang lain-lain kepada PT Datanusa Saktijaya merupakan penyetoran dana talangan PT Bakrie Toll Road (BTR), Entitas Anak, untuk proyek pembangunan jalan tol ruas Ciawi - Sukabumi dan pembayaran bunga pinjaman PT Karya Perkasa Insani, Entitas Anak PT Datanusa Saktijaya (lihat Catatan 44 butir p).
Other receivables to PT Datanusa Saktijaya represents deposit of PT Bakrie Toll Road (BTR), a Subsidiary, for toll road project development Ciawi - Sukabumi and payment of loan interest of PT Karya Perkasa Insani, a Subsidiary of PT Datanusa Saktijaya (see Note 44 point p).
(Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
(Expressed in Rupiah, unless otherwise stated)
8. PIUTANG LAIN-LAIN - PIHAK KETIGA (lanjutan) 8. OTHER RECEIVABLES - THIRD PARTIES