34. SIGNIFICANT AGREEMENTS, COMMITMENTS AND CONTINGENCIES
a. Sesuai perjanjian dengan BRI, MBJ dan TH, Entitas Anak, diminta untuk bertindak sebagai penjamin utang Plasma sampai seluruh utang Plasma lunas. Jaminan utang petani Plasma kepada BRI adalah sertifikat tanah yang bersangkutan. Pembayaran pinjaman Plasma dilakukan dengan cara memotong hasil penjualan TBS yang diterima petani yang diproduksi dari lahan petani Plasma. MBJ dan TH akan membeli semua TBS hasil produksi Plasma sampai seluruh utang Plasma lunas terbayar.
a. Under the loan agreement with BRI, MBJ and TH, Subsidiaries, are required to act as guarantor for the Plasma loans until the Plasma loans are fully repaid. The collateral for the Plasma loan agreements with BRI shall be the related landright certificates of the
Plasma„s farmers. Repayments are made by deducting a portion of the proceeds from the
sale of FFB produced from the farmers‟
Plasma areas. MBJ and TH are required to purchase all Plasma FFB production until all of the Plasma loans have been settled.
Pada tanggal 31 Maret 2013 dan 31 Desember 2012, TH memberikan jaminan simpanan dana kepada BRI senilai Rp3.280.000 dan Rp8.565.000 untuk menjamin utang petani Plasma kepada BRI, yang dicatat sebagai
“Aset tidak lancar lainnya” pada laporan posisi
keuangan konsolidasian.
Pada tanggal 31 Desember 2012, sisa utang petani Plasma binaan TH dan MBJ adalah sebesar Rp106.966.442.
As of March 31, 2013 and December 31, 2012, TH placed guarantee deposit to BRI amounted to Rp3,280,000 and Rp8,565,000 to guarantee the outstanding loans of Plasma participants to BRI, which were recorded under
“Other non-current assets” in the consolidated statements of financial positions.
As of December 31, 2012, amount of Plasma loan that must be settled by Plasma farmers under guidance of TH and MBJ amounted Rp106,966,442.
b. Sungai Rangit memiliki perjanjian dengan petani setempat untuk mengembangkan Tanaman Kemitraan yang didanai oleh Sungai Rangit (Catatan 11a). Semua biaya yang timbul sampai dengan tanaman telah menghasilkan dikapitalisasi. Selama sebelas (11) tahun sejak tanaman telah menghasilkan, Sungai Rangit berkewajiban untuk mengelola tanaman tersebut dan 15% dari hasil panen dikontribusikan kepada petani. Tanaman Kemitraan akan diserahkan kepada petani setempat setelah tahun kesebelas sejak tanaman dinyatakan sudah menghasilkan.
b. Sungai Rangit has an agreement to develop
Partnership Plantation (“Tanaman Kemitraan”)
with local farmers which is financed by Sungai Rangit (Note 11a). All the development costs incurred until the plantation is matured will be capitalized. After eleven (11) years, the plantation is considered mature, Sungai Rangit has an obligation to manage the plantation, and 15% of harvest are contributed to the farmers. Partnership Plantation will be transferred to the farmers after the eleventh year from the date the plantation is considered mature.
c. Untuk menghindari dampak dari fluktuasi nilai tukar mata uang yang mungkin terjadi dalam operasional, Perusahaan menandatangani beberapa kontrak forward jangka pendek mata uang Dolar AS ke Rupiah dengan Mandiri dan J.P. Morgan Chase Bank, N.A. Pada tanggal 31 Maret 2013, kontrak yang belum direalisasi adalah sebagai berikut:
c. To manage the adverse effects of the
exchange rate fluctuations on the Company‟s
operation, the Company entered into several short term US Dollar to Rupiah currency forward contracts with Mandiri and J.P. Morgan Chase Bank, N.A. As of March 31, 2013, unrealized contracts were as follows:
Tanggal jatuh tempo/ Nilai kontrak/
Maturity date Contract amount
15 April 2013/April 15, 2013 AS$ 1.482.000 22 April 2013/April 22, 2013 AS$ 705.375 15 Mei 2013/May 15, 2013 AS$ 1.000.000
AS$ 3.187.375
Laba yang belum direalisasi atas nilai wajar terkait dengan transaksi kontrak forward per 31 Maret 2013 sebesar Rp90.708 disajikan
sebagai bagian dari “Piutang lain-lain - pihak
ketiga” dalam laporan posisi keuangan
konsolidasian.
Unrealized gain on the fair value related to aforementioned forward contract transaction as of March 31, 2013 amounted to Rp90,708 are
presented as part of “Other receivables - third
parties”, respectively, in the consolidated
statements of financial position.
dan memiliki dua segmen operasi yang dilaporkan sebagai berikut:
services and has two reportable operating segments as follows:
Segmen Operasi Operating Segments
Kecambah Produk dan lainnya/
kelapa sawit/ Germinated
Palm seeds Total/ Eliminasi/ Konsolidasian/
2013 products and others Total Elimination Consolidated 2013
Penjualan 667.621.580 28.580.076 696.201.656 (110.646.151) 585.555.505 Sales
Beban pokok penjualan (570.577.045) (13.960.152) (584.537.197) 104.769.389 (479.767.808) Cost of sales
Hasil segmen 97.044.535 14.619.924 111.664.459 (5.876.762) 105.787.697 Segment result
Beban yang belum dialokasikan: Unallocated expenses:
Beban usaha (83.540.725) Operating expenses
Pendapatan operasi lain 25.451.096 Other operating income
Beban operasi lain (2.863.799) Other operating expenses
Laba operasi 44.834.269 Income from operations
Pendapatan keuangan 553.486 Finance income
Beban keuangan (14.413.748) Finance costs
Beban pajak Income tax
penghasilan neto (7.834.805) expense, net
Laba periode berjalan 23.139.202 Income for the period
Aset segmen 5.879.815.070 919.926.938 6.799.742.008 (2.860.645.828) 3.939.096.180 Segment assets
Liabilitas segmen 1.910.006.626 625.662.965 2.535.669.591 (1.286.621.735) 1.249.047.856 Segment liabilities
Informasi lainnya: Other information:
Pengeluaran modal 82.646.689 19.804.338 102.451.027 (3.219.567) 99.231.460 Capital expenditure
Depresiasi dan amortisasi 27.091.657 3.616.530 30.708.187 2.657.196 33.365.383 Depreciation and amortization
Kecambah Produk dan lainnya/
kelapa sawit/ Germinated
Palm seeds Total/ Eliminasi/ Konsolidasian/
2012 products and others Total Elimination Consolidated 2012
Penjualan 767.879.614 20.520.094 788.399.708 (104.881.466) 683.518.242 Sales
Beban pokok penjualan (602.451.685) (8.928.346) (611.380.031) 114.569.593 (496.810.438) Cost of sales
Hasil segmen 165.427.929 11.591.748 177.019.677 9.688.127 186.707.804 Segment result
Beban yang belum dialokasikan: Unallocated expenses:
Beban usaha (106.246.031) Operating expenses
Pendapatan operasi lain 7.451.755 Other operating income
Beban operasi lain (725.282) Other operating expenses
Laba operasi 87.188.246 Income from operations
Pendapatan keuangan 2.396.166 Finance income
Beban keuangan (11.223.671) Finance costs
Beban pajak Income tax
penghasilan neto (16.098.909) expense, net
Laba periode berjalan 62.261.832 Income for the period
Aset segmen 5.871.538.348 939.011.844 6.810.550.192 (2.672.849.806) 4.137.700.386 Segment assets
Liabilitas segmen 1.925.703.380 602.273.364 2.527.976.744 (1.057.185.480) 1.470.791.264 Segment liabilities
Informasi lainnya: Other information:
Pengeluaran modal 169.831.154 30.091.154 199.922.308 (2.142.131) 197.780.177 Capital expenditure
Informasi geografi Geographic information Seluruh aset produktif Grup berada di Indonesia.
Tabel berikut menyajikan penjualan berdasarkan lokasi pelanggan:
All of the Group‟s productive assets are located in Indonesia. The following table presents sales based on the location of the customers:
2013 2012 Negara Countries Indonesia 542.102.569 583.584.406 Indonesia Singapura 43.452.936 99.933.836 Singapore
Total penjualan sesuai Total sales
laporan laba rugi komprehensif per consolidated statements of
konsolidasian 585.555.505 683.518.242 comprehensive income
36. ASET DAN LIABILITAS MONETER DALAM MATA UANG ASING
36. MONETARY ASSETS AND LIABILITIES DENOMINATED IN FOREIGN CURRENCIES
31/03/2013 31/12/2012
Mata Mata
Uang Asing/ Ekuivalen/ Uang Asing/ Ekuivalen/
Foreign Equivalent Foreign Equivalent
Currency in Rp Currency in Rp
Aset Assets
Kas dan setara kas Cash and cash equivalents
Dalam Dolar AS AS$ 746.722 7.257.390 AS$ 2.759.053 26.680.040 In US Dollar
Piutang usaha- Trade receivables -
pihak ketiga third parties
Dalam Dolar AS AS$ - - AS$ 2.629.382 25.426.127 In US Dollar
Piutang lain-lain - Other receivables -
pihak berelasi related party
Dalam Dolar AS AS$ 1.483.356 14.416.737 AS$ 1.483.356 14.344.053 In US Dollar
Piutang lain-lain - Other receivables -
pihak ketiga related party
Dalam Dolar AS AS$ - - AS$ 295.200 2.854.584 In US Dollar
Aset tidak lancar lainnya Other non-current assets
Dalam Dolar AS AS$ 77.462 752.854 AS$ 54.537 527.375 In US Dollar
Total 22.426.981 69.832.179 Total
Liabilitas Liabilities
Utang usaha- Trade payables-
pihak ketiga third parties
Dalam Dolar AS AS$ 68.727 667.953 AS$ 9.643 93.251 In US Dollar
Dalam Dolar Singapura SG$ 5.972 46.676 SG$ 2.623 20.740 In Singapore Dollar
Utang lain - lain - Other payables-
pihak ketiga third parties
Dalam Dolar AS AS$ - - AS$ 57.549 556.499 In US Dollar
Beban akrual Accrued expenses
Dalam Dolar AS AS$ - - AS$ 6.154 59.509 In US Dollar
Total 714.629 729.999 Total
Aset moneter neto 21.712.352 69.102.180 Net monetary assets
tanggal 31 Maret 2013 dan 31 Desember 2012: instruments as of March 31, 2013 and December 31, 2012:
Nilai Tercatat/ Nilai Wajar/
31 Maret 2013 Carrying Values Fair Values March 31, 2013
Aset keuangan Financial assets
Kas dan setara kas 57.457.778 57.457.778 Cash and cash equivalents
Piutang usaha - pihak ketiga 61.987.417 61.987.417 Trade receivables - third parties
Piutang lain-lain Other receivables
Pihak berelasi 14.416.737 14.416.737 Related party
Pihak ketiga 75.521.491 75.521.491 Third parties
Aset tidak lancar lainnya 4.451.170 4.451.170 Other non-current assets
Total 213.834.593 213.834.593 Total
Liabilitas keuangan Financial liabilities
Utang bank jangka pendek 200.000.000 200.000.000 Short-term bank loans
Utang usaha - pihak ketiga 105.132.159 105.132.159 Trade payables - third parties
Utang lain-lain Other payables
Pihak berelasi 12.310.000 12.310.000 Related party
Pihak ketiga 645.271 645.271 Third parties
Beban akrual 8.278.751 8.278.751 Accrued expenses
Liabilitas imbalan kerja jangka pendek 27.256.637 27.256.637 Short-term employee benefits liability
Utang bank jangka panjang Current maturity of
jatuh tempo dalam satu tahun 76.395.837 76.395.837 long-term bank loans
Utang bank jangka panjang -
setelah dikurangi bagian Long-term bank loans -
jatuh tempo dalam satu tahun 642.345.925 642.345.925 net of current maturity
Total 1.072.364.580 1.072.364.580 Total
Nilai Tercatat/ Nilai Wajar/
31 Desember 2012 Carrying Values Fair Values December 31, 2012
Aset keuangan Financial assets
Kas dan setara kas 228.071.484 228.071.484 Cash and cash equivalents
Piutang usaha - pihak ketiga 112.484.849 112.484.849 Trade receivables - third parties
Piutang lain-lain Other receivables
Pihak berelasi 14.344.053 14.344.053 Related party
Pihak ketiga 53.697.270 53.697.270 Third parties
Aset tidak lancar lainnya 9.414.993 9.414.993 Other non-current assets
Total 418.012.649 418.012.649 Total
Liabilitas keuangan Financial liabilities
Utang bank jangka pendek 248.000.000 248.000.000 Short-term bank loans
Utang usaha - pihak ketiga 253.221.909 253.221.909 Trade payables - third parties
Utang lain-lain Other payables
Pihak berelasi 16.910.000 16.910.000 Related party
Pihak ketiga 3.142.515 3.142.515 Third parties
Beban akrual 13.414.314 13.414.314 Accrued expenses
Liabilitas imbalan kerja jangka pendek 32.881.643 32.881.643 Short-term employee benefits liability
Utang bank jangka panjang Current maturity of
jatuh tempo dalam satu tahun 66.427.087 66.427.087 long-term bank loans
Utang bank jangka panjang -
setelah dikurangi bagian Long-term bank loans -
jatuh tempo dalam satu tahun 627.076.049 627.076.049 net of current maturity
Nilai wajar didefinisikan sebagai jumlah dimana instrumen tersebut dapat dipertukarkan di dalam transaksi jangka pendek antara pihak yang berkeinginan dan memiliki pengetahuan yang memadai melalui suatu transaksi yang wajar, selain di dalam penjualan terpaksa atau penjualan likuidasi. Nilai wajar didapatkan dari kuotasi harga pasar, model arus kas diskonto dan model penentuan harga opsi yang sewajarnya.
Instrumen keuangan yang disajikan di dalam laporan posisi keuangan konsolidasian dicatat sebesar nilai wajar, atau sebaliknya, disajikan dalam jumlah tercatat apabila jumlah tersebut mendekati nilai wajarnya.
Fair value is defined as the amount at which the instrument could be exchanged in a current transaction between knowledgeable willing parties in an arm's length transaction, other than in a forced or liquidation sale. Fair values are obtained from quoted market prices, discounted cash flow models and option pricing models as appropriate.
Financial instruments presented in the consolidated statements of financial position are carried at the fair value, otherwise, they are presented at carrying values as these are reasonable approximation of fair values.
Instrumen keuangan dengan jumlah tercatat yang mendekati nilai wajarnya
Financial instruments with carrying amounts that approximate their fair values
Nilai wajar untuk kas dan setara kas, piutang usaha - pihak ketiga, piutang lain-lain - pihak berelasi dan pihak ketiga, utang bank jangka pendek, utang usaha - pihak ketiga, utang lain- lain - pihak berelasi dan pihak ketiga, beban akrual dan liabilitas imbalan kerja jangka pendek mendekati nilai tercatatnya karena bersifat jangka pendek. Jumlah tercatat dari aset tidak lancar lainnya - simpanan jaminan dan utang bank dengan suku bunga mengambang mendekati nilai wajarnya karena selalu dinilai ulang secara berkala.
The fair value of cash and cash equivalents, trade receivables - third parties, other receivables - related party and third parties, short-term bank loans, trade payables - third parties, other payables - related parties and third parties, accrued expenses and short-term employee benefits liability approximate their carrying values due to their short-term nature. The carrying values of other non-current asset - guarantee deposits and bank loans with floating interest rates approximate their fair values as they are re-priced frequently. Instrumen keuangan dengan nilai tercatat
pada biaya perolehan
Financial instruments with carrying amounts at cost
Aset keuangan tidak lancar yang tidak memiliki kuotasi pasar yang dipublikasikan pada pasar aktif dan nilai wajarnya tidak dapat diukur secara andal (aset tidak lancar lainnya - simpanan yang dapat dikembalikan) dicatat pada biaya perolehan.
Non-current financial assets which do not have quoted prices in actual market and their fair value could not be measured reliably (other non-current assets - refundable deposit) are measured at cost.
38. TUJUAN DAN KEBIJAKAN MANAJEMEN