ESTIMATES AND ASSUMPTIONS
46. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO KEUANGAN (lanjutan)
46. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (continued)
MANAJEMEN RISIKO (lanjutan) RISK MANAGEMENT (continued)
a. Risiko tingkat suku bunga (lanjutan) a. Interest rate risk (continued)
Perusahaan menghadapi risiko tingkat suku bunga atas penarikan pinjaman berbunga dari fasilitas Pinjaman Berjangka (“PB”) masing-masing sebesar Rp11.350.657.885.801 dan Rp10.919.737.211.065 pada tanggal 31 Desember 2020 dan 2019.
The Company is exposed to the interest rate risk for the interest-bearing loans drawdowns from the Term Loan Facility (“PB”) totalling
Rp11,350,657,885,801 and
Rp10,919,737,211,065 as of December 31, 2020 and 2019, respectively.
Pada tanggal 31 Desember 2020 dan 2019, jika tingkat bunga atas pinjaman lebih tinggi/rendah 1% dan variabel lain dianggap tetap, laba setelah pajak untuk tahun berjalan akan lebih rendah/tinggi masing-masing sebesar Rp90.145.442.405 dan Rp74.956.429.999, terutama sebagai akibat tingginya/rendahnya beban bunga dari pinjaman dengan suku bunga mengambang.
As of December 31, 2020 and 2019, if interest rates on Rupiah-denominated borrowings had been 1% higher/lower with all other variables held constant, profit after tax for the year would
have been Rp90,145,442,405 and
Rp74,956,429,999 lower/higher, respectively, mainly as a result of higher/lower interest expense on floating rate borrowings.
b. Risiko kredit b. Credit risk
Risiko kredit adalah risiko bahwa Kelompok Usaha akan mengalami kerugian yang timbul dari pelanggan atau counterparty yang gagal memenuhi kewajiban kontraktual mereka. Risiko kredit terutama berasal dari piutang usaha dari para pelanggan sehubungan dengan pendapatan usaha pelayanan jasa kebandarudaraan dan jasa terkaitnya.
Credit risk is the risk that the Group will incur a
loss arising from its customers’ or
counterparties’ failure to fulfill their contractual obligations. Credit risk arises mainly from trade receivables from customers relating to operating revenues of airport services and its related services.
Kelompok Usaha terekspos risiko kredit terutama dari piutang usaha dan piutang lain-lain. Risiko kredit dikendalikan dengan pengawasan terus menerus atas saldo dan penagihan piutang usaha dan piutang lain-lain.
The Group is exposed to credit risk mainly from trade receivables and other receivables. Credit risk is controlled by the continuous monitoring and billing accounts receivable balances and other receivables.
Tabel berikut ini menunjukkan risiko kredit maksimum untuk komponen-komponen dari laporan posisi keuangan konsolidasian pada tanggal 31 Desember 2020 dan 2019:
The table below shows the maximum exposure to credit risk on the components of the consolidated statement of financial position as of December 31, 2020 and 2019:
31 Desember 2020/December 31, 2020
< 1 tahun/ 1-2 tahun/ > 2 tahun/ Total/ < 1 year 1-2 years > 2 years Total
Kas dan setara kas 2.337.083.951.067 - - 2.337.083.951.067 Cash and cash equivalents
Piutang usaha 2.128.774.591.993 - - 2.128.774.591.993 Trade receivables
Piutang lain-lain 53.046.117.545 - - 53.046.117.545 Other receivables
Pendapatan yang masih
harus diterima 314.317.926.668 - - 314.317.926.668 Accrued revenue
Aset tidak lancar lain-lain 4.001.846.764 - - 4.001.846.764 Other non-current assets
Total 4.837.224.434.037 - - 4.837.224.434.037 Total
153 46. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO
KEUANGAN (lanjutan)
46. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (continued)
MANAJEMEN RISIKO (lanjutan) RISK MANAGEMENT (continued)
b. Risiko kredit (lanjutan) b. Credit risk (continued)
Tabel berikut ini menunjukkan risiko kredit maksimum untuk komponen-komponen dari laporan posisi keuangan konsolidasian pada tanggal 31 Desember 2020 dan 2019: (lanjutan)
The table below shows the maximum exposure to credit risk on the components of the consolidated statement of financial position as of December 31, 2020 and 2019: (continued)
31 Desember 2019/December 31, 2019
< 1 tahun/ 1-2 tahun/ > 2 tahun/ Total/ < 1 year 1-2 years > 2 years Total
Kas dan setara kas 3.424.094.211.192 - - 3.424.094.211.192 Cash and cash equivalents
Piutang usaha 1.442.487.935.626 - - 1.442.487.935.626 Trade receivables
Piutang lain-lain 74.271.645.469 - - 74.271.645.469 Other receivables
Pendapatan yang masih
harus diterima 512.903.865.795 - - 512.903.865.795 Accrued revenue
Aset tidak lancar lain-lain 3.294.877.037 - - 3.294.877.037 Other non-current assets
Total 5.457.052.535.119 - - 5.457.052.535.119 Total
Manajemen Kelompok Usaha yakin akan kemampuannya untuk mengawasi dan mempertahankan eksposur risiko kredit yang minimal, dimana Kelompok Usaha telah menyediakan provisi yang memadai untuk menutupi kerugian yang timbul dari piutang yang tidak tertagih.
The Group’s management is confident in its ability to control and sustain minimal exposure of credit risk, which the Group has provided sufficient provision to cover losses arising from uncollectible accounts receivable based on historical loss data.
c. Risiko likuiditas c. Liquidity risk
Kelompok Usaha mengelola profil likuiditasnya untuk dapat membiayai pengeluaran modalnya dan membayar utang yang jatuh tempo dengan menjaga kecukupan kas dan ketersediaan pendanaan melalui analisa proyeksi keuangan yang dilakukan pada awal tahun.
The Group manages its liquidity profile to be able to finance its capital expenditure and pay its maturing debts by maintaining sufficient cash and the availability of funding through an analysis of financial projection which is performed at the beginning of the year.
Kelompok Usaha secara berkala mengevaluasi proyeksi arus kas dan arus kas aktual untuk memastikan ketersediaan dana untuk memenuhi kebutuhan operasional dan pembayaran liabilitas yang jatuh tempo. Secara umum, dana yang dibutuhkan untuk melunasi liabilitas jangka pendek diperoleh dari kegiatan penjualan jasa kebandarudaraan kepada pelanggan. Kelompok Usaha juga melakukan analisis rasio-rasio likuiditas laporan posisi keuangan, dalam rangka memenuhi persyaratan yang terdapat di perjanjian kredit pinjaman.
The Group regularly evaluates its projected and actual cash flow information to ensure the availability of funds for its operations and to settle its maturing obligations. In general, the funds needed to settle the current liabilities are obtained from sales airport services activities to customers. The Group also analyzes liquidity ratios in statement of financial positions
accordance to compliance with the
46. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO KEUANGAN (lanjutan)
46. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (continued)
MANAJEMEN RISIKO (lanjutan) RISK MANAGEMENT (continued)
c. Risiko likuiditas (lanjutan) c. Liquidity risk (continued)
Tabel di bawah ini merupakan jadwal jatuh tempo liabilitas keuangan Kelompok Usaha berdasarkan pembayaran kontraktual semula yang tidak didiskontokan.
The table below summarizes the maturity profile of the Group’s financial liabilities based on original contractual undiscounted amounts to be paid.
31 Desember 2020/December 31, 2020
< 1 tahun/ 1-2 tahun/ > 2 tahun/ Total/ < 1 year 1-2 years > 2 years Total
Utang usaha 452.849.214.408 - - 452.849.214.408 Trade payables
Utang lain-lain 2.446.643.710.551 - - 2.446.643.710.551 Other payables
Beban akrual 1.510.228.332.452 - - 1.510.228.332.452 Accrued expenses
Utang bank jangka pendek 526.554.535.799 - - 525.649.436.652 Short-term bank loan
Liabilitas imbalan kerja Short-term employee
jangka pendek 143.807.097.980 - - 143.807.097.980 benefit liability
Pinjaman jangka panjang Long term loans
Utang bank jangka panjang 229.597.480.000 989.027.800.000 9.577.599.115.103 10.796.224.395.103 Long-term bank loans
Utang obligasi 1.200.000.000.000 682.000.000.000 3.113.155.314.648 4.995.155.314.648 Bonds payable
Liabilitas sewa 23.465.339.874 16.388.692.068 402.305.476.314 442.159.508.256 Lease liailities
Utang jaminan pelanggan - - 35.342.034.475 35.342.034.475 Customers’ deposits
Total 6.533.145.711.064 1.687.416.492.068 13.128.401.940.540 21.363.138.930.515 Total
31 Desember 2019/December 31, 2019
< 1 tahun/ 1-2 tahun/ > 2 tahun/ Total/ < 1 year 1-2 years > 2 years Total
Utang usaha 408.397.617.755 - - 408.397.617.755 Trade payables
Utang lain-lain 2.391.330.891.966 - - 2.391.330.891.966 Other payables
Beban akrual 1.396.542.137.591 - - 1.396.542.137.591 Accrued expenses
Liabilitas imbalan kerja Short-term employee
jangka pendek 240.201.253.449 - - 240.201.253.449 benefit liability
Pinjaman jangka panjang Long term loans
Utang bank jangka panjang 585.388.500.000 830.217.666.667 9.470.029.641.489 10.885.635.808.156 Long-term bank loans
Utang obligasi - 998.783.459.564 1.741.074.155.721 2.739.857.615.285 Bonds payable
Utang jaminan pelanggan - - 27.020.229.649 27.020.229.649 Customers’ deposits
Total 5.021.860.400.761 1.829.001.126.231 11.238.124.026.859 18.088.985.553.851 Total
155
47. NILAI WAJAR 47. FAIR VALUE
Tabel berikut menyajikan nilai tercatat, yang juga merefleksikan nilai wajarnya, dari instrumen keuangan Kelompok Usaha:
The following table sets out the carrying values, which also reflects the estimated fair values, of the Group’s financial instruments:
31 Desember 2020/ 31 Desember 2019/
December 31, 2020 December 31, 2019
Aset keuangan Financial assets
Lancar Current
Aset keuangan yang diukur
dengan biaya perolehan Financial liabilities measured
diamortisasi at amortized cost
Kas dan setara kas 2.337.083.951.067 3.424.094.211.192 Cash and cash equivalents
Piutang usaha 2.128.774.591.993 1.442.487.935.626 Trade receivables
Piutang lain-lain 53.046.117.545 74.271.645.469 Other receivables
Pendapatan yang masih
harus diterima 314.317.926.668 512.903.865.795 Accrued income
Aset keuangan yang diukur
dengan nilai wajar Financial assets measured
melalui OCI at fair value through OCI
Aset keuangan lainnya - 10.180.000.000 Other financial assets
Jangka panjang Non-current
Aset keuangan yang diukur
dengan nilai wajar Financial assets measured
melalui OCI at fair value through OCI
Aset keuangan lainnya 55.483.500.000 62.790.400.000 Other financial assets
Total 4.888.706.087.273 5.526.728.058.082 Total
Liabilitas keuangan Financial liabilities
Lancar Current
Liabilitas keuangan yang diukur
dengan biaya perolehan Financial liabilities measured
diamortisasi at amortized cost
Utang usaha 452.849.214.408 408.397.617.755 Trade payables
Utang lain-lain 2.446.643.710.551 2.391.330.891.966 Other payables
Beban akrual 1.510.228.332.452 1.396.542.137.591 Accrued expenses
Liabilitas imbalan kerja Short-term employee
jangka pendek 143.807.097.980 240.201.253.449 benefit liabilities
Pinjaman bank jangka pendek 525.649.436.652 - Short-term bank loan
Porsi lancar utang bank Current maturities of
jangka panjang 229.597.480.000 585.388.500.000 long-term loan
Jangka panjang Non-current
Utang bank jangka panjang 10.567.532.014.252 10.300.247.308.156 Long-term loans
Utang obligasi 3.795.155.314.648 2.739.857.615.285 Bonds payables
Utang jaminan pelanggan 35.342.034.475 27.020.229.649 Customers’ deposits
Utang jangka panjang lainnya 17.194.013.836 41.079.508.873 Other long-term payables
Total 19.723.998.649.254 18.130.065.062.724 Total