FINANCIAL OVERVIEW
STATEMENT OF FINANCIAL POSITION
Clipan Finance’s statement of inancial position for 2015 and 2014 inancial year are outlined below:
(dalam juta Rupiah / in million Rupiah)
Keterangan / Description 2015 2014 Perubahan / Change
1 2 3 4 = 2 - 3 5 = (2-3)/3 Aset / Assets 6.646.671,93 6.641.391,07 5.280,86 0,08% Liabilitas / Liabilities 3.047.743,82 3.385.711,59 (337.967,77) (9,98%) Ekuitas / Equity 3.598.928,11 3.255.679,48 343.248,63 10,54% Total Aset Total Assets Total Ekuitas Total Equity Total Liabiltas Total Liabilties 6.641,39 3.385,71 3.255,68 6.646,67 3.047,74 3.598,93 ASET
Perseroan mencatat peningkatan total aset meskipun tidak terlalu signiikan. Aset Perseroan meningkat menjadi Rp6.646,67 miliar di 2015 dari Rp6.641,39 miliar di 2014. Kenaikan total aset tersebut mencapai Rp5,28 miliar atau sebesar 0,08%. Peningkatan tersebut terutama disebabkan oleh peningkatan pada piutang pembiayaan konsumen sebesar Rp242,77 miliar atau sebesar 7,18% dan piutang sewa pembiayaan yang meningkat sebesar Rp154,26 miliar atau 12,84%. Piutang pembiayaan konsumen dan piutang sewa pembiayaan merupakan kontributor terbesar aset Perseroan di 2015, masing-masing memberikan kontribusi sebesar 54,55% dan 20,39% terhadap total aset Perseroan.
(dalam juta Rupiah / in million Rupiah)
Keterangan / Description 2015 2014 Perubahan / Change
1 2 3 4 = 2 - 3 5 = (2-3)/3
Kas dan setara kas
Cash and Cash Equivalent 30.395,78 35.767,75 (5.371,97) (15,02%)
Investasi jangka pendek
Short Term Investment - 20.575,73 (2.0575,73) (100.00%)
Piutang sewa pembiayaan - bersih
Finance Lease Receivables - Net 1.355.290,35 1.201.030,27 154.260,08 12,84%
Piutang pembiayaan konsumen - bersih
Consumer Financing Receivables - Net
3.625.824,47 3.383.055,68 242.768,79 7,18%
Tagihan anjak piutang – bersih
Factoring Receivables - Net 1.428.088,37 1.852.063,53 (423.975,16) (22,89%)
Piutang lain-lain
Other Receivables 32.394,87 32.510,25 (115,38) (0,35%)
ASSETS
The Company recorded an increase in total assets
although not too signiicant. The Company’s assets
increased to Rp6,646.67 billion in 2015 from Rp6,641.39 billion in 2014. The increase in total assets reached Rp5,28 billion or 0.08%. The increase was
primarily due to an increase in consumer inancing
receivables amounting to Rp242,77 billion or 7.18%
and inancing lease receivables which increased by Rp154,26 billion or 12.84%. Consumer inancing receivables and inance lease receivables were the
largest contributor for the Company’s assets in 2015, accounted for 54.55% and 20.39% respectively of the Company’s total assets.
2015 2014
Keterangan / Description 2015 2014 Perubahan / Change
1 2 3 4 = 2 - 3 5 = (2-3)/3
Biaya dibayar di muka
Prepaid Expenses 7.768,49 8.253,51 (485,02) (5,88%)
Aset pajak tangguhan
Deferred Tax Assets 4.736,60 5.963,09 (1.226,49) (20,57%)
Properti investasi
Investment Property 10.437,00 2.295,41 8.141,59 354,69%
Aset sewa operasi
Leased Assets 20.659,40 15.820,97 4.838,43 30,58% Aset tetap Fixed Assets 101.314,19 54.418,46 46.895,73 86,18% Aset lain-lain Other Assets 29.762,42 29.636,41 126,01 0,43% Jumlah Aset Total Assets 6.646.671,93 6.641.391,07 5.280,88 0,08%
Seperti yang telah dijelaskan sebelumnnya, bahwa peningkatan piutang sewa pembiayaan dan piutang pembiayaan konsumen khususnya disebabkan oleh peningkatan pada pembiayaan non alat berat. Di sisi lain, penurunan tagihan anjak piutang disebabkan karena adanya pelunasan outstanding piutang dari konsumen dan penurunan jumlah pembiayaan baru. Sedangkan, peningkatan pada properti investasi, aset sewa operasi dan aset tetap disebabkan oleh adanya revaluasi aset.
Komposisi Aset Clipan Finance Tahun 2014-2015
Kas dan Setara Kas / Cash and Cash Equivalent Aset Tetap / Fixed Assets
Piutang Lain-Lain / Other Receivables Lainnya / Others
Piutang Sewa Pembiayaan - Bersih Finance Lease Receivables - Net Piutang Pembiayaan Konsumen - Bersih Consumer Financing Receivables - Net Tagihan Anjak Piutang - Bersih Factoring Receivables - Net 0.49% 0.46% 1,52 1,10% 20,39% 54,55% 21,49% 50,94% 18,08% 0,49% 27,89% 1,24% 0,54% 0,82% 2015 2014
Piutang pembiayaan konsumen dan piutang sewa pembiayaan merupakan kontributor terbesar aset Perseroan di 2015, masing-masing memberikan kontribusi sebesar 54,55% dan 20,39% terhadap total aset Perseroan. Proporsi keduanya meningkat dibandingkan tahun sebelumnya yang masing-masing berkontribusi sebesar 50,94% dan 18,08%. Kontribusi anjak piutang terhadap aset Perseroan di 2015 mengalami penurunan menjadi 21,49% dari tahun sebelumnya yang tercatat sebesar 27,89%.
As mentioned earlier, the increase in inance leasing receivables and consumer inancing receivables
was particularly caused by an increase in non heavy
equipment inancing. On the other side, a decrease
in factoring receivables was due to the repayment of consumers outstanding receivables and lack of
new inancing. Meanwhile, the increase in property investment, operating lease assets and ixed assets
caused by assets revaluation.
Clipan Finance Assets Composition in 2014-2015
The consumer inancing receivables and inance
leasing receivables were the largest contributor of the Company’s assets in 2015, each contributed of 54.55% and 20.39% respectively against the Company’s total assets. Both proportion increased compared to previous year that contributed for 50.94% and 18.08% respectively. The contribution of factoring against the Company’s assets in 2015 decreased to 21.49% from previous year that recorded at 27.89%.
(dalam juta Rupiah / in million Rupiah)
Keterangan / Description 2015 2014 Perubahan / Change
1 2 3 4 = 2 - 3 5 = (2-3)/3
Piutang sewa pembiayaan - bersih
Finance lease receivable - net 1.355.290,35 1.201.030,27 154.260,08 12,84%
Piutang pembiayaan konsumen - bersih
Consumer inancing receivable - net 3.625.824,47 3.383.055,68 242.768,79 7,18%
Tagihan anjak piutang- bersih
Factoring receivable - net 1.428.088,37 1.852.063,53 (423.975,16) (22,89%)
Jumlah Aset Produktif
Total Productive Assets 6.409.203,19 6.436.149,48 (26.946) (0,42%) Jumlah Aset
Total Assets 6.646.671,93 6.641.391,07 5.280,88 0,08% Prosentase Aset Produktif
Terhadap Total Aset
Percentage of Productive Assets to Total Assets
96,43% 96,91% N/A N/A
Persentase aset produktif terhadap total aset Perseroan di 2015 sebesar 96,43% menurun tipis dari tahun sebelumnya yang tercatat sebesar 96,91%. Kontributor terbesar aset produktif adalah piutang pembiayaan konsumen yang mencapai 56,57% meningkat dari tahun sebelumnya yang sebesar 52,56%.
LIABILITAS
Sepanjang 2015, total liabilitas Clipan Finance menurun Rp337,97 miliar atau sebesar 9,98% dari Rp3.385,71 miliar di 2014 menjadi Rp3.047,74 miliar di 2015. Penurunan total liabilitas terutama berasal dari penurunan utang bank, surat berharga utang yang diterbitkan, utang pajak dan utang premi asuransi. Utang pajak turun sebesar Rp41,28 miliar atau 97,24% dan utang premi asuransi turun sebesar Rp23,90 miliar atau 66,08%. Penurunan premi asuransi diakibatkan karena menurunnya jumlah pembiayaan baru di 2015.
(dalam juta Rupiah / in million Rupiah)
Keterangan / Description 2015 2014 Perubahan / Change
1 2 3 4 = 2 - 3 5 = (2-3)/3
Utang bank
Bank loans 2.176.708,08 2.355.396,84 (178.688,76) (7,59%)
Utang premi asuransi
Insurance premium payables 12.270,50 36.171,42 (23.900,92) (66,08%)
Utang lain-lain kepada pihak ketiga
Other payables to third parties 121.880,78 118.605,52 3.275,26 2,76%
Biaya masih harus dibayar
Accrued expenses 21.381,02 20.465,87 915,15 4,47%
Pendapatan ditangguhkan – bersih
Deferred income - net 2.710,21 578,99 2.131,22 368,09%
Utang pajak
Taxes payable 1.173,03 42.454,30 (41.281,27) (97,24%)
Surat berharga utang yang diterbitkan
Debt securities issued
697.087,72 799.331,13 (102.243,41) (12,79%) Liabilitas imbalan pasca kerja
Post-employment beneits
The percentage of productive assets to total assets in 2015 amounted to 96.43%, slightly decline from previous year which was recorded at 96.91%. The biggest contributor of productive assets was consumer
inancing receivables which reached 56.57%, increased
from previous year at 52.56%.
LIABILITES
Throughout 2015, Clipan Finance’s total liabilities decreased by Rp 337.97 billion or 9.98% from Rp3,385.71 billion in 2014 to Rp3,047.74 billion in 2015. The decrease in total liabilities primarily caused by a decrease in bank loans, debt securities issued, tax payables and insurance premium payables. Tax payables decreased by Rp41,28 billion or 97.24% and insurance premium payables decreased by Rp23,90 billion, or 66.08%. The decrease in insurance premium
Keterangan / Description 2015 2014 Perubahan / Change
1 2 3 4 = 2 - 3 5 = (2-3)/3
Jumlah Liabilitas
Total Liabilities 3.047.743,82 3.385.711,59 (337.967,76) (9,98%)
Liabilitas Perseroan pada 2015 didominasi oleh Utang Bank sebesar 71,42% dan surat berharga utang yang diterbitkan sebesar 22,87%. Di 2015, terjadi penurunan utang bank dikarenakan adanya penyesuaian terhadap kebutuhan dana Perseroan atas pembiayaan baru. Utang bank yang diperoleh Perseroan berasal dari pihak berelasi dan pihak ketiga. Adapun besaran saldo utang bank di akhir 2015, yang berasal dari pihak berelasi yaitu Bank Pan Indonesia sebesar Rp529,17 miliar, sedangkan yang berasal dari Pihak Ketiga adalah sebesar Rp1.467,55 miliar yang terdiri dari Rp1.382,61 miliar merupakan pinjaman jangka panjang dan Rp264,94 miliar adalah pinjaman jangka pendek.
Perseroan telah menerbitkan surat berharga Medium Terms Note I Clipan Finance pada 30 Maret 2012 sejumlah Rp800 miliar. Atas surat utang tersebut, pada 30 Maret 2015, Perseroan telah melunasi seluruh utang beserta bunganya. Pada 2015, Perseroan kembali menerbitkan penawaran terbatas Medium Term Notes II Clipan Finance Indonesia sejumlah Rp700 miliar yang akan jatuh tempo pada 26 Maret 2018 yang akan datang. (Penjelasan lebih rinci mengenai surat utang MTN I dan II ada pada bab informasi bagi pemodal.)
EKUITAS
Pada 2015, total ekuitas Perseroan meningkat Rp343,25 miliar atau sebesar 10,54% dari Rp3.255,68 miliar di 2014 menjadi Rp3.598,93 miliar di 2015. Peningkatan tersebut terutama di sebabkan oleh kenaikan penghasilan komprehensif lain sebesar Rp56,67 miliar. (dalam juta Rupiah / in million Rupiah)
Keterangan / Description 2015 2014 Perubahan / Change
1 2 3 4 = 2 - 3 5 = (2-3)/3
Modal Saham
Capital Stock 996.130,11 996.130,11 - -
Tambahan modal disetor
Additional Paid In Capital 351.948,79 351.948,79 - -
Penghasilan komprehensif lain
Other comprehensive Income 54.192,85 (2.482,19) 56.675,04 (2.283,27%)
Saldo Laba
Retained earnings
Ditentukan penggunaannya
Appropriated 1.100,00 950,00 150 15,79%
Belum ditentukan penggunaannya
Unappropriated 2.195.556,35 1.909.132,77 286.423,58 15,00%
Jumlah Ekuitas
Total Equity 3.598.928,11 3.255.679,48 343.248,63 10,54% The Company’s liabilities in 2015 was dominated by Bank Loans amounted to 71.42% and debt securities issued amounted to 22.87%. In 2015, there was a decline in bank loans due to the adjustments to the
Company’s funding requirements on new inancing.
Bank loan acquired by the Company was derived from related parties and third parties. The amount of bank loan balance at the end of 2015, which derived from a related party, namely Bank Pan Indonesia was amounted of Rp529,17 billion, whereas bank loans derived from third parties amounted of Rp1,467.55 billion, consisting of Rp1,382.61 billion of long-term loans and Rp264.94 billion short-term loans.
The Company has issued Clipan Finance Medium Terms Note I on March 30, 2012 amounted of Rp800 billion. The Company has fully repaid all the debt with interest on March 30, 2015. The Company re-published
a limited ofer of Clipan Finance Medium Term Notes
II In 2015 for Rp700 billion which will mature in March 26, 2018. (More information on the details on MTN I and II securities can be found in the information for investors chapter.)
EQUITY
In 2015, the Company’s total equity increased by Rp343,25 billion or 10.54% from Rp3.255,68 billion in 2014 to Rp3.598,93 billion in 2015. The increase was primarily caused by the increase in other comprehensive income amounted to Rp56,67 billion.