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 2014 dan 31 Desember 2013, TH memberikan jaminan simpanan dana kepada BRI senilai Rp3.280.000 untuk menjamin utang petani Plasma kepada BRI,
yang dicatat sebagai “Aset tidak lancar lainnya” pada laporan posisi keuangan
konsolidasian.
As of March 31, 2014 and December 31, 2013, TH placed guarantee deposit to BRI amounting to Rp3,280,000, respectively, to guarantee the outstanding loans of Plasma participants to BRI, which were recorded under
“Other non-current assets” in the consolidated statements of financial position.
Pada tanggal 31 Desember 2013, sisa utang petani Plasma binaan TH dan MBJ adalah sebesar Rp172.132.791.
As of December 31, 2013, amount of Plasma loan that must be settled by Plasma farmers under guidance of TH and MBJ amounted to
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. UAI, entitas anak, memiliki perjanjian dengan Koperasi Perkebunan Sempurna Bersatu (Kopbun Sempurna), untuk pengembangan perkebunan dengan pola kemitraan. Sesuai perjanjian kredit antara Kopbun Sempurna dengan Bank Mandiri pada bulan November 2013, UAI, selaku Perusahaan Inti, dan SR, entitas anak, diminta bertindak sebagai penjamin utang Kopbun Sempurna sampai seluruh utang lunas. Jaminan utang kepada Mandiri berupa lahan perkebunan kelapa sawit yang akan ditingkatkan menjadi Sertifikat Hak Milik atas nama anggota Kopbun Sempurna. Pembayaran pinjaman Kopbun Sempurna dilakukan dengan cara memotong hasil penjualan TBS dari Kopbun Sempurna.
c. UAI, a subsidiary, has an agreement with Koperasi Perkebunan Sempurna Bersatu (Kopbun Sempurna), to develop Partnership Plantation. According to loan agreement between Kopbun Sempurna and Bank Mandiri in November 2013, UAI, as the nucleus, and SR, a subsidiary, was required to act as a guarantor for Kopbun Sempurna until its' loan is fully paid. The collateral for the loan is the related oil palm plantations land area, which will be increased to Certificate of Ownership of the members of Kopbun Sempurna. The loan will be repaid by deducting the proceeds from sales of FFB from Kopbun Sempurna.
35. INFORMASI SEGMEN 35. SEGMENTS INFORMATION
Untuk kepentingan manajemen, Grup digolongkan menjadi unit usaha berdasarkan produk dan jasa dan memiliki dua segmen operasi yang dilaporkan sebagai berikut:
For management purposes, the Group is classified into business units based on their products and services and has two reportable operating segments as follows:
Segmen Operasi Operating Segments
Produk kelapa sawit/
Palm Lain-lain/ Total/ Eliminasi/ Konsolidasian/
2014 products Others Total Elimination Consolidated 2014
Penjualan 758.023.429 25.697.653 783.721.082 (134.093.152) 649.627.930 Sales
Beban pokok penjualan (578.068.749) (18.815.884) (596.884.633) 129.737.416 (467.147.217) Cost of sales
Hasil segmen 179.954.680 6.881.769 186.836.449 (4.355.736) 182.480.713 Segment result
Beban yang belum dialokasikan: Unallocated expenses:
Beban penjualan dan pemasaran (14.126.728) Selling and marketing expenses
General and administrative
Beban umum dan administrasi (62.772.249) expenses
Pendapatan operasi lain 16.011.442 Other operating income
Beban operasi lain (8.863.417) Other operating expenses
Laba operasi 112.729.761 Income from operations
Biaya keuangan (31.633.124) Finance costs
Pendapatan keuangan 540.029 Finance income
Beban pajak Income tax
penghasilan (23.448.990) expense
Laba periode berjalan 58.187.676 Income for the period
Aset segmen 6.772.187.198 1.092.808.822 7.864.996.020 (3.336.711.311) 4.528.284.709 Segment assets
Liabilitas segmen 2.621.792.012 801.926.968 3.423.718.980 (1.652.258.901) 1.771.460.079 Segment liabilities
Informasi lainnya: Other information:
Pengeluaran modal 111.150.822 39.411.219 150.562.041 - 150.562.041 Capital expenditure
Depresiasi dan amortisasi 47.453.156 5.961.924 53.415.080 2.466.386 55.881.466 Depreciation and amortization
Produk kelapa sawit/
Palm Lain-lain/ Total/ Eliminasi/ Konsolidasian/
2013 products 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 penjualan dan pemasaran (23.213.373) Selling and marketing expenses
General and administrative
Beban umum dan administrasi (60.327.352) 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
Biaya keuangan (14.413.748) Finance costs
Pendapatan keuangan 553.486 Finance income
Beban pajak Income tax
penghasilan (7.834.805) expense
Laba periode berjalan 23.139.202 Income for the period
Aset segmen 6.533.883.225 1.054.617.798 7.588.501.023 (3.075.845.498) 4.512.655.525 Segment assets
Liabilitas segmen 2.448.155.029 755.625.792 3.203.780.821 (1.389.762.250) 1.814.018.571 Segment liabilities
Informasi lainnya: Other information:
Pengeluaran modal 79.173.774 19.804.338 98.978.112 - 98.978.112 Capital expenditure
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:
Periode yang berakhir pada tanggal
31 Maret/
Period ended March 31
2014 2013 Negara Countries Indonesia 649.100.297 542.102.569 Indonesia Singapura - 43.452.936 Singapore Lain-lain 527.633 - Others
Total penjualan sesuai Total sales
laporan laba rugi komprehensif per consolidated statements of
konsolidasian 649.627.930 585.555.505 comprehensive income
36. ASET DAN LIABILITAS MONETER DALAM MATA UANG ASING
36. MONETARY ASSETS AND LIABILITIES DENOMINATED IN FOREIGN CURRENCIES
31 Maret 2014/ 31 Desember 2013/
March 31, 2014 December 31, 2013
Mata Mata
Uang Asing Uang Asing
(angka penuh)/ Ekuivalen (angka penuh)/ Ekuivalen
Foreign dalam Rp/ Foreign dalam Rp/
Currency Equivalent Currency Equivalent
(full amount) in Rp (full amount) in Rp
Aset Assets
Kas Cash
Dalam Dolar AS AS$ 139.009 1.585.257 AS$ 134.242 1.636.275 In US Dollar
Piutang usaha- Trade receivables -
pihak ketiga third parties
Dalam Dolar AS AS$ 24.600 280.538 AS$ 1.297.902 15.820.124 In US Dollar
Piutang lain-lain - Other receivables -
pihak berelasi related party
Dalam Dolar AS AS$ 1.483.356 16.916.192 AS$ 1.483.356 18.080.626 In US Dollar
Aset tidak lancar lainnya Other non-current assets
Dalam Dolar AS AS$ 88.045 1.004.065 AS$ 88.045 1.073.184 In US Dollar
Total 19.786.052 36.610.209 Total
Liabilitas Liabilities
Utang usaha- Trade payables-
pihak ketiga third parties
Dalam Dolar AS AS$ - - AS$ 139.458 1.699.850 In US Dollar Dalam Euro EUR - - EUR 7.556 127.099 In Euro Dalam Dolar Singapura SGD - - SGD 852 8.203 In Singapore Dollar
Total - 1.835.152 Total
Aset moneter neto 19.786.052 34.775.057 Net monetary assets
Tabel berikut menyajikan nilai tercatat dan estimasi nilai wajar dari instrumen keuangan Grup pada tanggal-tanggal 31 Maret 2014 dan 31 Desember 2013:
The following table presents the carrying values and estimated fair values of the Group’s financial instruments as of March 31, 2014 and December 31, 2013:
Nilai Tercatat/ Nilai Wajar/
31 Maret 2014 Carrying Values Fair Values March 31, 2014
Aset keuangan Financial assets
Kas 69.251.566 69.251.566 Cash
Piutang usaha - pihak ketiga 112.720.017 112.720.017 Trade receivables - third parties
Piutang lain-lain Other receivables
Pihak berelasi 16.916.192 16.916.192 Related party
Pihak ketiga 73.535.166 73.535.166 Third parties
Aset tidak lancar lainnya 4.659.329 4.659.329 Other non-current assets
Total 277.082.270 277.082.270 Total
Liabilitas keuangan Financial liabilities
Utang bank jangka pendek 147.800.000 147.800.000 Short-term bank loans
Utang usaha - pihak ketiga 200.693.319 200.693.319 Trade payables - third parties
Beban akrual 13.084.926 13.084.926 Accrued expenses
Utang lain-lain Other payables
Pihak berelasi 9.414.500 9.414.500 Related parties
Pihak ketiga 614.374 614.374 Third parties
Liabilitas imbalan kerja jangka pendek 38.262.798 38.262.798 Short-term employee benefits liability
Utang bank jangka panjang Current maturity of
jatuh tempo dalam satu tahun 91.327.535 91.327.535 long-term bank loans
Utang bank jangka panjang -
setelah dikurangi bagian Long-term bank loans -
jatuh tempo dalam satu tahun 1.065.056.826 1.065.056.826 net of current maturity
Total 1.566.254.278 1.566.254.278 Total
Nilai Tercatat/ Nilai Wajar/
31 Desember 2013 Carrying Values Fair Values December 31, 2013
Aset keuangan Financial assets
Kas 162.758.831 162.758.831 Cash
Piutang usaha - pihak ketiga 139.129.579 139.129.579 Trade receivables - third parties
Piutang lain-lain Other receivables
Pihak berelasi 18.080.626 18.080.626 Related party
Pihak ketiga 65.494.895 65.494.895 Third parties
Aset tidak lancar lainnya 4.694.598 4.694.598 Other non-current assets
Total 390.158.529 390.158.529 Total
Liabilitas keuangan Financial liabilities
Utang bank jangka pendek 204.310.829 204.310.829 Short-term bank loans
Utang usaha - pihak ketiga 257.330.369 257.330.369 Trade payables - third parties
Beban akrual 17.004.204 17.004.204 Accrued expenses
Utang lain-lain Other payables
Pihak berelasi 12.400.000 12.400.000 Related parties
Pihak ketiga 7.716.978 7.716.978 Third parties
Liabilitas imbalan kerja jangka pendek 39.312.837 39.312.837 Short-term employee benefits liability
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.
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.
Instrumen keuangan dengan jumlah tercatat yang mendekati nilai wajarnya
Financial instruments with carrying amounts that approximate their fair values
Nilai wajar untuk 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, 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 periodically.
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 deposits) are measured at cost.
38. TUJUAN DAN KEBIJAKAN MANAJEMEN