2019 2018 Pihak Ketiga/ Third Party
11. Investment in Long-Term Notes
Pada tanggal 12 Agustus 2014, sebagaimana disepakati dalam Perjanjian Perdamaian, TPPI telah menerbitkan Class B Secured Floating Rate Notes yang akan jatuh tempo pada tanggal 12 Agustus 2026 kepada para krediturnya, termasuk Polytama dan PIF, dengan tingkat suku bunga sebesar LIBOR plus 1,5% per tahun. Sesuai Perjanjian Perdamaian, Polytama dan PIF memperoleh surat utang dengan nilai masing-masing sebesar USD3,259,000 dan USD21,014,699, dengan jumlah keseluruhan sebesar USD24,273,699, dimana jumlah investasi pada surat jangka panjang pada tanggal 31 Desember 2018 sebesar Rp351.507.
On August 12, 2014, as agreed through Composition Plan, TPPI has issued Class B Secured Floating Rate Notes due on August 12, 2026 to its creditors, including Polytama and PIF, with interest rate of LIBOR plus 1.5% per annum. Based on Composition Plan, Polytama and PIF acquire debt securities with value of USD3,259,000 and USD21,014,699, respectively, in total of USD24,273,699, where total of investment in long-term notes as of December 31, 2018 amounted to Rp351,507.
Pada tanggal 31 Desember 2019, Polytama melakukan penilaian kembali Investasi dalam Surat Utang Jangka Panjang berdasarkan Laporan Penilaian Secured Notes Tranche B PT Trans-Pacific Petrochemical Indotama yang dilaksanakan oleh Kantor Jasa Penilai Publik Rengganis, Hamid & Rekan, Penilai Publik
Independen dengan laporannya No.
00015/2.0012-00/BS/04/0006/1/I/2020 tanggal 13 Januari 2020.
As of December 31, 2019, Polytama performed revaluation of Investment in Long Term Notes based on Appraisal Report of Secured Notes Tranche B Report of PT Trans-Pacific Petrochemical Indotama which conducted by Kantor Jasa Penilai Publik Rengganis, Hamid & Rekan, an Independent Public Appraiser, with its report No. 00015/2.0012-00/BS/04/0006/1/I/2020 dated on January 13, 2020.
Atas laporan tersebut, nilai investasi Polytama dan PIF kepada TPPI pada 31 Desember 2019 dan 2018 adalah sebagai berikut:
Based on the report, Polyatama’s and PIF’s value of investment to TPPI as of December 31, 2019 and 2018 are as follows:
31 Desember 2019/ 31 Desember 2018/
2019 2018
Nilai Investasi Surat Utang Investment in
Jangka Panjang 337,429 351,507 Long-Term Notes
Dikurangi: Less:
Cadangan Kerugian Penurunan Nilai (44,119) -- Allowance for Impairment Losses
Mutasi penyisihan kerugian penurunan nilai investasi surat utang jangka panjang adalah sebagai berikut:
The changes in allowances for impairment losses of investment in long term notes is as follows:
31 Desember 2019/ 31 Desember 2018/
2019 2018
Saldo Awal -- -- Beginning Balance
Penambahan 44,119 -- Increase
Saldo Akhir 44,119 -- Ending Balance
12. Aset Tetap 12. Fixed Assets
Saldo Awal/ Penambahan/ Pengurangan/ Reklasifikasi/ Penyesuaian Saldo Akhir/
Beginning Addition Disposals Reclassifications Translasi/ Ending
Balance Translation Balance
Adjustment
Biaya Perolehan Acquisition Cost
atau Revaluasian or Revaluated
Kepemilikan Langsung Direct Ownership
Tanah 46.532 3.087 -- -- (1.917) 47.702 Land
Bangunan dan Buildings and
Infrastruktur 249.296 200 -- 497 (9.808) 240.185 Infrastructure
Pabrik, Mesin dan Plant, Machinery and
Alat Berat 897.363 318 (46) 113.184 58.057 1.068.876 Heavy Equipment
Peralatan Riset Research Laboratory
Laboratorium 77.294 51 -- 1.778 (3.127) 75.996 Equipment
Kendaraan dan Truk 8.333 1.462 (916) -- (343) 8.536 Automobiles and Trucks
Perabotan dan Peralatan Furniture and Office
Kantor 27.211 635 (325) 3.073 (1.404) 29.190 Equipment
Peralatan Telekomunikasi 4.599 224 (6) -- (174) 4.643 Telecomunication Equipment
Komputer dan Computer Hardware
Perangkat Lunak 52.547 1.056 (26) 1.678 (1.819) 53.436 and Software
Peralatan Kebakaran Fire and
dan Keamanan 1.342 -- -- -- 418 1.760 Safety Equipment
Aset Dalam Construction in
Penyelesaian 83.004 141.601 -- (120.210) (3.691) 100.704 Progress
Jumlah 1.447.521 148.634 (1.319) -- 36.192 1.631.028 Total
Akumulasi Penyusutan Accumulated Depreciation
Bangunan dan Buildings and
Infrastruktur 236.282 1.095 -- -- (7.155) 230.222 Infrastructure
Pabrik, Mesin dan Plant, Machinery and
Alat Berat 268.973 142.111 (46) -- 12.684 423.722 Heavy Equipment
Peralatan Riset Research Laboratory
Laboratorium 15.150 7.855 -- -- (579) 22.426 Equipment
Kendaraan dan Truk 3.564 1.306 (916) -- (91) 3.863 Automobiles and Trucks
Perabotan dan Peralatan Furniture and Office
Kantor 19.107 2.708 (328) -- (791) 20.696 Equipment
Peralatan Telekomunikasi 3.422 313 (6) -- (117) 3.612 Telecomunication Equipment
Komputer dan Computer Hardware and
Perangkat Lunak 44.090 3.381 (10) -- (727) 46.734 Software
Peralatan Kebakaran Fire and
dan Keamanan 1.135 42 -- -- 449 1.626 Safety Equipment
Peralatan Kebakaran Fire and
dan Keamanan -- 943 -- -- (16) 927 Safety Equipment
Jumlah 591.723 159.754 (1.306) -- 3.657 753.828 Total
Nilai Tercatat 855.798 877.200 Carrying Amount
Saldo Awal/ Penambahan/ Pengurangan/ Reklasifikasi/ Penyesuaian Saldo Akhir/
Beginning Addition Disposals Reclassifications Translasi/ Ending
Balance Translation Balance
Adjustment
Biaya Perolehan Acquisition Cost
atau Revaluasian or Revaluated
Tanah 42,507 1,079 -- -- 2,946 46,532 Land
Bangunan dan Buildings and
Infrastruktur 226,297 7,290 -- -- 15,709 249,296 Infrastructure
Pabrik, Mesin dan Plant, Machinery and
Alat Berat 788,196 13,529 -- -- 95,638 897,363 Heavy Equipment
Peralatan Riset Research Laboratory
Laboratorium 70,520 1,885 -- -- 4,889 77,294 Equipment
Kendaraan dan Truk 4,785 3,219 (55) -- 384 8,333 Automobiles and Trucks
Perabotan dan Peralatan Furniture and Office
Kantor 17,493 3,239 (908) 5,617 1,770 27,211 Equipment
Peralatan Telekomunikasi 3,448 946 -- -- 205 4,599 Telecomunication Equipment
Komputer dan Computer Hardware
Perangkat Lunak 64,705 2,985 (18,761) -- 3,618 52,547 and Software
Peralatan Kebakaran Fire and
dan Keamanan 1,024 210 -- -- 108 1,342 Safety Equipment
Aset Dalam Construction in
Penyelesaian 3,993 84,636 -- (5,617) (8) 83,004 Progress
Jumlah 1,222,968 119,018 (19,724) -- 125,259 1,447,521 Total
2018
Akumulasi Penyusutan Accumulated Depreciation
Bangunan dan Buildings and
Infrastruktur 220,171 782 -- -- 15,329 236,282 Infrastructure
Pabrik, Mesin dan Plant, Machinery and
Alat Berat 121,218 189,359 -- -- (41,604) 268,973 Heavy Equipment
Peralatan Riset Research Laboratory
Laboratorium 6,776 7,762 -- -- 612 15,150 Equipment
Kendaraan dan Truk 2,474 954 (55) -- 191 3,564 Automobiles and Trucks
Perabotan dan Peralatan Furniture and Office
Kantor 15,533 2,928 (407) -- 1,053 19,107 Equipment
Peralatan Telekomunikasi 3,015 242 -- -- 165 3,422 Telecomunication Equipment
Komputer dan Computer Hardware and
Perangkat Lunak 57,101 2,598 (18,761) -- 3,152 44,090 Software
Peralatan Kebakaran Fire and
dan Keamanan 998 32 -- -- 105 1,135 Safety Equipment
Jumlah 427,286 204,657 (19,223) -- (20,997) 591,723 Total
Nilai Tercatat 795,682 855,798 Carrying Amount
Beban penyusutan pada 31 Desember 2019 dan 2018 dialokasikan sebagai berikut:
Depreciation expense as of December 31, 2019 and 2018 was allocated as follows:
2019 2018
Beban Pokok Penjualan Cost Goods Sold
(Catatan 24) 156,195 202,199 (Note 24)
Beban Usaha Operating Expenses
(Catatan 25) 3,559 2,458 (Note 25)
Jumlah 159,754 204,657 Total
Perhitungan keuntungan penjualan aset tetap dalam laporan laba rugi adalah sebagai berikut:
The calculation of gain on sale of fixed assets in the profit or loss are as follows:
2019 2018
Hasil Penjualan Aset Tetap 17 252 Selling Price of Fixed Assets
Nilai Tercatat (13) (501) Carrying Amount
Laba (Rugi) Penjualan Gain (Loss) on Sale
Aset Tetap 4 (249) of Fixed Asset
Aset dalam penyelesaian pada 31 Desember 2019 sebesar Rp100.704 dengan kenaikan bersih sebesar Rp21.017 pada periode berjalan, sebagian besar terdiri dari proyek Granula, pembangunan terkait peningkatan kualitas produk, pembangunan gedung di area pabrik, dan maintenance masing-masing sebesar Rp41.145, Rp15.139, Rp8.239, dan Rp5.776 dengan persentase penyelesaian sebesar 48,29%.
Construction in progress as of December 31, 2019 amounted to Rp100,704 with net increased amounted to Rp21,017 during the period, mostly consists of project of Granule machine, development regarding product quality improvement, development of plant in plantsite,a and maintenance amounted Rp41,145, Rp15,139, Rp8,239, and Rp5,776 respectively, with percentage of completion of 48,29%.
Aset dalam penyelesaian pada 31 Desember 2018 sebesar Rp83.004 dengan kenaikan bersih sebesar Rp84.636, sebagian besar terdiri dari proyek mesin Granula, pembangunan laboratiom, dan mesin Bulk masing-masing sebesar Rp42.247, Rp19.928, dan Rp12.616 dengan persentase penyelesaian sebesar 57,01%.
Construction in progress as of December 31, 2018 amounted to Rp83,004 with net increased amounted to Rp84,636, mostly consists of project of Granule machine, construction of laboratory building and Bulk machine amounted Rp42,247, Rp19,928, and Rp12,616 respectively, with percentage of completion of 57.01%.
Aset tetap telah diasuransikan terhadap semua risiko industrial dan kerusakan mesin dengan nilai pertanggungan pada 31 Desember 2019 dan 2018 masing-masing senilai Rp1.347.672 atau setara USD96,947,862 dan Rp1.982.324 atau setara USD136,891,344. Manajemen berkeyakinan bahwa jumlah pertanggungan asuransi tersebut cukup untuk menutup kemungkinan kerugian atas risiko-risiko yang mungkin dialami Perusahaan. Aset tetap milik Polytama digunakan sebagai jaminan utang bank (Catatan 18).
The Company’s fixed assets have been insured against all industrial risk and machines damage, with total sum insured as of December 31, 2019 and 2018 amounted Rp1,347,672 or equivalent USD96,947,862 and Rp1,982,324 or equivalent USD136,891,344, respectively. Management believes that insured amount is adequate to cover possible losses arising from risks which may be suffered by the Company. Fixed Asset owned by Polytama are pledged as collateral for a bank loans (Note 18).
Manajemen berkeyakinan bahwa tidak terdapat kejadian atau perubahan keadaan yang mengindikasikan penurunan nilai aset tetap pada tanggal pelaporan.
Management believes there are no events or changes in circumstances which may indicate impairment of fixed assets as of the reporting date.
13. Aset Tidak Lancar Lainnya 13. Other Non-Current Assets
2019 2018
Piutang Lain-lain Other Receivables
Pihak Berelasi (Catatan 27.e) 55.654 23.044 Related Party (Note 27.e)
Pihak Ketiga 794.856 794.856 Third Parties
Dikurangi: Less:
Cadangan Kerugian Allowance for
Penurunan Nilai (806.758) (813.231) Impairment Losses
Jumlah Bersih 43.752 4.669 Net
Deposit yang Refundable
dapat Dikembalikan 10.170 8.284 Deposit
Jumlah 53.922 12.953 Total
Piutang pihak berelasi merupakan kupon bunga atas investasi berupa surat utang jangka panjang TPPI yang dimiliki oleh Polytama (Catatan 11).
Related party receivable represent interest receivables in the form interest coupon of investment in long term notes TPPI owned by Polytama (Note 11).
Pada 31 Desember 2019, Polytama dan PIF membuat pemulihan atas cadangan kerugian penurunan nilai atas piutang bunga obligasi sebesar Rp6.473. Pemulihan dibentuk berdasarkan Surat No.TPPI/TUPIN/XII/2019/L-331 pada tanggal 11 Desember 2019, yang
menyatakan bahwa TPPI bermaksud
melakukan restrukturisasi utangnya dengan cara melakukan pembayaran sebagian Notes
On December 31, 2019, Polytama and PIF made impairment of interest receivables from investment in long term notes recovery amounted Rp6,473. Impairment recovery made based on Letter No.TPPI/TUPIN/XII/2019/L-331 dated on December 11, 2019, stated that TPPI intend to restructured its debt by making partial payment of Notes (Long-Term Notes). The Notes payment instruction notified by TPPI
(surat utang jangka panjang). Instruksi pembayaran Notes diberitahukan oleh TPPI kepada The Bank of New York Mellon sebagai Principal Paying Agent dan Trustee untuk para pemegang surat utang jangka panjang.
to The Bank of New York Mellon as Principal Paying Agent and Trustee to Noteholders.
Mutasi cadangan kerugian penurunan nilai piutang lain-lain adalah sebagai berikut:
The movements of allowance for impairment losses of other receivable are as follows:
2019 2018
Saldo Awal 813.231 808.678 Beginning Balance
Penambahan -- 4.553 Addition
Pemulihan (6.473) -- Recovery
Saldo Akhir 806.758 813.231 Ending Balance
Grup membentuk penyisihan kerugian
penurunan nilai piutang lain-lain berdasarkan pada estimasi nilai tidak terpulihkan secara individual dan pengalaman Grup atas tidak tertagihnya piutang di masa lalu. Manajemen berpendapat bahwa penyisihan kerugian penurunan nilai atas piutang lain-lain dari pihak ketiga adalah cukup untuk menutup kerugian yang mungkin timbul dari tidak tertagihnya piutang tersebut.
The Group made an allowance of impairment losses on other receivables based on estimated unrecoverable amount individually and the Group’s experience of uncollectible receivables in the past. Management believes that the allowance of impairment losses on other receivables from third parties is adequate to cover possible losses on uncollectible receivables.
14. Utang Usaha 14. Trade Payables
a. Berdasarkan Kreditur a. By Creditors
2019 2018
Pihak Berelasi/ Related Party ( Catatan/ Note 27.f) 7,316 7,053
Pihak Ketiga/ Third Parties
Full Rich Venture Ltd 9,950 10,166
PT Insurance Broking Service 5,767 4,974
PT Catur Karya Manunggal 4,898 6,027
PT Karyatara Cemara Indah 3,346 6,770
PT Trikemindo Utama 2,999 1,555
Clariant International AG -- 7,414
PT Indomas Multi Kreasi -- 3,347
PT Sentra Bintang Energy -- 1,473
PT Petrolog Konstruksi Utama 2,586 --
Fine Organic Industries Ltd. 1,810 --
Others (each below Rp500) 15,069 14,397
Sub Jumlah/ Sub Total 46,425 56,123
Jumlah/ Total 53,741 63,176
b. Berdasarkan Mata Uang b. By Currencies
2019 2018
Rupiah 38,127 35,573
Dolar Amerika Serikat/ United States Dollar (USD) 15,013 27,380
Euro/Euro (EUR) 601 223