with report on review of interim financial information
KEUANGAN INFORMATION
Daftar Isi Table of Contents
Halaman/
Page
Surat Pernyataan Direksi Directors’ Statement Letter
Laporan Atas Reviu Informasi Keuangan Interim Report on Review of Interim Financial Information Laporan Posisi Keuangan Konsolidasian Interim ... 1 - 3 …...Interim Consolidated Statement of Financial Position
Laporan Laba Rugi dan Penghasilan Interim Consolidated Statement of Profit or Loss Komprehensif Lain Konsolidasian Interim ... 4 ... and Other Comprehensive Income Laporan Perubahan Ekuitas Konsolidasian Interim ... 5 .….Interim Consolidated Statement of Changes in Equity Laporan Arus Kas Konsolidasian Interim ... 6 - 7 .………. Consolidated Statement of Cash Flows
Catatan atas Laporan Keuangan Interim Notes to the Consolidated
Konsolidasian Interim ... 8 - 128 ... Financial Statements
**************************
konsolidasian interim PT Sawit Sumbermas Sarana Tbk. (“Perseroan”) dan entitas anaknya (secara kolektif disebut sebagai “Kelompok Usaha”) terlampir, yang terdiri dari laporan posisi keuangan konsolidasian interim tanggal 30 Juni 2021, serta laporan laba rugi dan penghasilan komprehensif lain, laporan perubahan ekuitas, dan laporan arus kas konsolidasian interim untuk periode enam bulan yang berakhir pada tanggal tersebut, dan suatu ikhtisar kebijakan akuntansi signifikan dan informasi penjelasan lainnya. Manajemen bertanggung jawab atas penyusunan dan penyajian wajar laporan keuangan konsolidasian interim ini sesuai dengan Standar Akuntansi Keuangan di Indonesia. Tanggung jawab kami adalah untuk menyatakan suatu kesimpulan atas laporan keuangan konsolidasian interim ini berdasarkan reviu kami.
consolidated financial statements of PT Sawit Sumbermas Sarana Tbk. (the “Company”) and its subsidiaries (collectively referred as “Group”), which comprise the interim consolidated statement of financial position as of June 30, 2021, and the interim consolidated statements of profit or loss and other comprehensive income, changes in equity, and cash flows for the six-month period then ended, and a summary of significant accounting policies and other explanatory informations. Management is responsible for the preparation and fair presentation of these interim consolidated financial statements in accordance with Indonesian Financial Accounting Standards.
Our responsibility is to express a conclusion on these interim consolidated financial statements based on our review.
Ruang lingkup reviu Scope of review
Kami melaksanakan reviu kami berdasarkan Standar Perikatan Reviu 2410, “Reviu atas Informasi Keuangan Interim yang Dilaksanakan oleh Auditor Independen Entitas”, yang ditetapkan oleh Institut Akuntan Publik Indonesia. Suatu reviu atas informasi keuangan interim terdiri dari pengajuan pertanyaan, terutama kepada pihak yang bertanggung jawab atas bidang keuangan dan akuntansi, serta penerapan prosedur analitis dan prosedur reviu lainnya. Suatu reviu memiliki ruang
We conducted our review in accordance with Standard on Review Engagements 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”, established by the Indonesian Institute of Certified Public Accountants. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope
Berdasarkan reviu kami, tidak ada hal-hal yang menjadi perhatian kami yang menyebabkan kami percaya bahwa laporan keuangan konsolidasian interim terlampir tidak menyajikan secara wajar, dalam semua hal yang material, posisi keuangan konsolidasian PT Sawit Sumbermas Sarana Tbk.
dan entitas anaknya tanggal 30 Juni 2021, serta kinerja keuangan dan arus kas konsolidasian interim untuk periode enam bulan yang berakhir pada tanggal tersebut, sesuai dengan Standar Akuntansi Keuangan di Indonesia.
Based on our review, nothing has come to our attention that causes to us to believe that the accompanying interim consolidated financial statements do not present fairly, in all material respects, the interim consolidated financial position of PT Sawit Sumbermas Sarana Tbk. and its subsidiaries as of June 30, 2021, and their interim consolidated financial performance and cash flows for the six-month period then ended, in accordance with Indonesian Financial Accounting Standards.
Purwantono, Sungkoro & Surja
Agung Purwanto
Registrasi Akuntan Publik No. AP.0687/Public Accountant Registration No. AP.0687 29 September 2021/September 29, 2021
30 Juni/ 31 Desember/
June 30, Catatan/ December 31,
2021 Notes 2020
ASET ASSETS
ASET LANCAR CURRENT ASSETS
Kas dan setara kas 1.741.975.815 2g,2h,4 1.907.844.191 Cash and cash equivalents
Piutang usaha Trade receivables
Pihak berelasi 385.990.613 2g,2v,34a 467.514.975 Related parties
Pihak ketiga 175.889 2g,5 5.874.160 Third parties
Piutang lain-lain Other receivables
Pihak berelasi 488.094.088 2g,2v,34a 135.269.082 Related parties
Pihak ketiga 13.841.904 2g,6 2.799.564 Third parties
Persediaan 318.587.490 2j,7 314.888.575 Inventories
Aset biologik 231.811.875 2k,8 243.073.979 Biological assets
Pinjaman kepada pihak berelasi 47.650.000 2g,2a,34a 31.450.000 Loans to related parties
Biaya dibayar di muka 2.176.155 2i,9 2.222.643 Prepayments
Uang muka Advance
Pihak ketiga 20.381.718 10 18.865.743 Third parties
PIhak berelasi 4.516.084 10,34a 8.831.511 Related parties
Pajak dibayar di muka 352.140.564 20a 277.010.243 Prepaid taxes
TOTAL ASET LANCAR 3.607.342.195 3.415.644.666 TOTAL CURRENT ASSETS
ASET TIDAK LANCAR NON-CURRENT ASSETS
Taksiran tagihan restitusi pajak 72.004.933 20b 86.989.681 Estimated claims for tax refund
Pinjaman jangka panjang kepada
pihak berelasi yang dapat Long-term
dikonversi 2.733.807.872 2g,2v,34a 2.468.538.162 convertible loan to a related party Aset tetap dan tanaman produktif, neto 4.441.881.792 2l,11 4.531.121.927 Fixed assets and bearer plants, net
Aset takberwujud, neto 13.104.052 2m,13 9.054.784 Intangible assets, net
Aset hak guna, neto 7.587.760 2g,12 8.824.368 Right of use assets, net
Investasi saham 1.871.010.646 2f,14 1.880.331.727 Investment in shares
Aset pajak tangguhan, neto 119.279.385 2v,20f 49.140.320 Deferred tax assets, net Proyek pengembangan usaha 8.001.455 15 8.001.455 Business development project
Piutang plasma Plasma receivables
Setelah dikurangi dengan after net off with
penyisihan penurunan nilai allowance for impairment
Rp866.934 (2020: Rp866.934) 344.649.613 2g,2o,16 301.717.133 Rp866,934 (2020: Rp866,934) Aset tidak lancar lainnya 21.529.455 17 16.565.836 Other non-current assets
TOTAL ASET TIDAK LANCAR 9.632.856.963 9.360.285.393 TOTAL NON-CURRENT ASSETS
TOTAL ASET 13.240.199.158 12.775.930.059 TOTAL ASSETS
Catatan atas laporan keuangan interim konsolidasian terlampir merupakan bagian integral dari laporan
The accompanying notes to the interim consolidated financial statements from an integral part of these interim consolidated
June 30, Catatan/ December 31,
2021 Notes 2020
LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY
LIABILITAS JANGKA PENDEK CURRENT LIABILITIES
Utang usaha Trade payables
Pihak ketiga 130.181.934 2g,18 115.280.943 Third parties
Pihak berelasi 25.561.880 2g,2v,34b 9.771.632 Related parties
Pendapatan diterima dimuka Unearned revenue
Pihak ketiga 38.364.697 19 249.937 Third parties
Pihak berelasi 601.175 19,34b - Related parties
Utang pajak 122.350.095 2r,20c 143.258.628 Taxes payable
Beban akrual 242.426.577 2g,21 242.548.253 Accrued expenses
Utang lain-lain Other payables
Pihak ketiga 488.608.046 2g,18 542.490.384 Third parties
Pihak berelasi 113.620.215 2g,2v,34b 80.010.966 Related parties
Liabilitas sewa jangka pendek 603.855 12 603.855 Short-term lease liabilities
Liabilitas sewa pembiayaan Current maturities of
jatuh tempo dalam satu tahun 665.000 23 - finance lease liabilites
Liabilitas imbalan kerja Short-term employee benefit
karyawan jangka pendek 123.338.940 2g,2n,25 119.870.688 liabilities
Utang bank jangka panjang Current maturities of
jatuh tempo dalam satu tahun 224.443.521 2g,2n,22 184.581.437 long-term bank loan
TOTAL LIABILITAS
JANGKA PENDEK 1.510.765.935 1.438.666.723 TOTAL CURRENT LIABILITIES
LIABILITAS JANGKA PANJANG NON-CURRENT LIABILITIES
Utang bank jangka panjang -
setelah dikurangi bagian jatuh Long-term bank loan
tempo dalam satu tahun 1.887.566.750 2f,2n,22 1.989.173.885 - net of current maturities Utang obligasi, neto 4.299.517.754 2f,2n,24 4.169.505.994 Bonds payable, net Liabilitas sewa jangka panjang 4.846.922 12 5.175.726 Long-term lease liabilities
Liabilitas sewa pembiayaan 997.500 23 - Finance lease liabilities
Liabilitas imbalan kerja Long-term employee benefit
karyawan jangka panjang 174.552.351 2t,25 227.238.938 liabilites
Liabilitas pajak tangguhan, neto 67.184.361 2t,20f 75.382.373 Deferred tax liabilities, net
TOTAL LIABILITAS TOTAL NON-CURRENT
JANGKA PANJANG 6.434.665.638 6.466.476.916 LIABILITIES
JUMLAH LIABILITAS 7.945.431.573 7.905.143.639 TOTAL LIABILITIES
June 30, Catatan/ December 31,
2021 Notes 2020
EKUITAS EQUITY
Ekuitas yang dapat Equity attributable to
diatribusikan kepada owners equity of
pemilik entitas induk the parent entity
Modal saham Share capital
Modal dasar - 32.100.000.000 Authorized -
lembar saham 32,100,000,000 shares
nilai nominal Rp100 at par value per share of
(nilai penuh) per saham Rp100 (full amount)
Modal ditempatkan dan disetor Issued and fully paid -
penuh - 9.525.000.000 lembar 9,525,000,000
saham 952.500.000 26a 952.500.000 shares
Tambahan modal disetor 540.919.171 27 540.919.171 Additional paid-in capital
Selisih transaksi dengan pihak Difference in transactions with
non-pengendali 89.113.603 28 89.113.603 non-controlling parties
Saldo laba Retained earnings
Sudah ditentukan penggunaannya 665.162.743 26d 548.991.755 Appropriated Belum ditentukan penggunaannya 2.740.157.243 2.450.426.364 Unappropriated Penghasilan komprehensif lain 590.368.162 575.212.765 Other comprehensive income Komponen ekuitas lainnya (309.619.637) 34a (309.619.637) Other equity component
Ekuitas yang dapat Equity attributable to
diatribusikan kepada owners of
pemilik entitas induk - neto 5.268.601.285 4.847.544.021 the parent entity - net Kepentingan non-pengendali 26.166.300 26e 23.242.399 Non-controlling interests
JUMLAH EKUITAS 5.294.767.585 4.870.786.420 TOTAL EQUITY
JUMLAH LIABILITAS TOTAL LIABILITIES
DAN EKUITAS 13.240.199.158 12.775.930.059 AND EQUITY
Catatan atas laporan keuangan interim konsolidasian terlampir The accompanying notes to the interim consolidated financial Yang Berakhir pada Tanggal 30 Juni/
For Six-month Period Ended June 30,
Catatan/
2021 Notes 2020
PENJUALAN 2.338.059.102 2u,29 1.769.987.619 SALES
BEBAN POKOK PENJUALAN (1.324.104.785) 2u,30 (964.453.244) COST OF SALES
LABA BRUTO 1.013.954.317 805.534.375 GROSS PROFIT
Beban penjualan (42.490.381) 2u,31 (35.525.010) Selling expenses
General and administrative
Beban umum dan administrasi (244.175.765) 2u,31 (285.678.242) expenses
Kerugian atas nilai wajar Losses from changes in fair value
aset biologik (11.262.104) 2k,8 (42.969.009) of biological assets
Beban lain-lain, neto (36.904.633) 2u,31 (48.919.938) Other expenses, net
LABA USAHA 679.121.434 392.442.176 OPERATING PROFIT
Pendapatan keuangan 439.937.906 2u,32 142.940.950 Finance income
Beban keuangan (270.695.867) 2u,32 (289.783.337) Finance costs
Bagian dari kerugian atas Equity in net losses
entitas asosiasi (9.321.082) 2f,14 (22.208.083) of associated entities
LABA SEBELUM PROFIT BEFORE CORPORATE
PAJAK PENGHASILAN BADAN 839.042.391 223.391.706 INCOME TAX
PAJAK PENGHASILAN BADAN (138.692.554) 2r,20d (121.596.476) CORPORATE INCOME TAX
LABA PERIODE BERJALAN 700.349.837 101.795.230 PROFIT FOR THE PERIODS
PENGHASILANKOMPREHENSIF OTHER COMPREHENSIVE
LAIN, SETELAH PAJAK INCOME, NET OF TAX
Pos yang tidak akan Item that will not be
direklasifikasi ke laba rugi reclassified to profit or loss
Pengukuran kembali Remeasurements
keuntungan atas liabilitas gains on liability for
imbalan kerja 18.337.591 8.460.674 employee benefits
TOTAL LABA KOMPREHENSIF TOTAL COMPREHENSIVE
PERIODE BERJALAN 718.687.428 110.255.904 INCOME FOR THE PERIODS
Laba periode berjalan Profit for the periods
diatribusikan kepada: attributable to:
Pemilik entitas induk 696.329.337 100.610.340 Owners of the parent entity Kepentingan non-pengendali 4.020.501 1.184.890 Non-controlling interests
700.349.838 101.795.230
Laba komprehensif periode berjalan Comprehensive income
yang diatribusikan kepada: for the periods attributable to:
Pemilik entitas induk 714.568.420 109.024.659 Owners of the parent entity Kepentingan non-pengendali 4.119.008 26e 1.231.245 Non-controlling interests
718.687.428 110.255.904
Laba per saham (nilai penuh) 73,11 2w,33 10,56 earnings per share (full amount)
Equity attributable to owners of the parent entity
Selisih
Transaksi
dengan pihak
Non-pengendali/
Modal Difference
ditempatkan dan in value Penghasilan Komponen Saldo laba/Retained earnings
disetor penuh/ Tambahan of transactions komprehensif ekuitas Kepentingan
Issued and modal disetor/ with non- lain/Other lainnya/ Ditentukan Belum ditentukan non pengendali/
fully paid Additional controlling comprehensive Other equity penggunaannya/ penggunaannya/ Total/ Non-controlling Total ekuitas/
Share capital paid-in capital interest income component appropriated unappropriated Total interests Total equity
Saldo 31 Desember 2019 952.500.000 540.919.171 89.113.603 45.534.974 - 548.991.755 1.872.496.929 4.049.556.432 19.010.840 4.068.567.272 Balance at December 31, 2019
Rugi komprehensif lain - - - 8.414.318 (295.243.521) - (286.829.203 ) 46.356 (286.782.847 ) Other comprehensive loss
Efek translasi - - - (2.186.553) - - (2.186.553 ) (2.186.553 ) Translation effect
Penyesuaian saldo awal
atas penerapan Beginning balance adjustments for
PSAK No. 73 implementation of PSAK No. 73
- - - - - - 1.295.411 1.295.411 - 1.295.411
Total laba
periode enam bulan
yang berakhir pada Total profit for the six-month
tanggal 30 Juni 2020 - - - - - - 100.610.340 100.610.340 1.184.890 101.795.230 period ended June 30, 2020
Saldo 30 Juni 2020 952.500.000 540.919.171 89.113.603 51.762.739 (295.243.521) 548.991.755 1.974.402.680 3.862.446.427 20.242.086 3.882.688.513 Balance at June 30, 2020 Saldo 31 Desember 2020 952.500.000 540.919.171 89.113.603 575.212.765 (309.619.637) 548.991.755 2.450.426.364 4.847.544.021 23.242.399 4.870.786.420 Balance at December 31, 2020 Cadangan umum
(Catatan 26d) - - - - - 116.170.988 (116.170.988) - - - General reserves (Note 26d)
Dividen tahun 2020
(Catatan 26b) - - - - - - (290.427.470) (290.427.470 ) (1.195.108) (291.622.578 ) Dividen for the year 2020 (Note 26b)
Efek translasi - - - (3.083.687) - - - (3.083.687 ) - (3.083.687 ) Translation effect
Laba komprehensif lain - - - 18.239.084 - - - 18.239.084 98.508 18.337.592 Other comprehensive income
Total laba periode enam
bulan yang berakhir pada Total profit for the six-month period ended
tanggal 30 Juni 2021 - - - - - - 696.329.337 696.329.337 4.020.501 700.349.838 June 30, 2021
Saldo 30 Juni 2021 952.500.000 540.919.171 89.113.603 590.368.162 (309.619.637) 665.162.743 2.740.157.243 5.268.601.285 26.166.300 5.294.767.585 Balance at June 30, 2021
Catatan atas laporan keuangan interim konsolidasian terlampir The accompanying notes to the interim consolidated financial Periode Enam Bulan
Yang Berakhir pada Tanggal 30 Juni/
For Six-month Periods Ended June 30, Catatan/
2021 Notes 2020
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
OPERASI: OPERATING ACTIVITIES:
Penerimaan kas dari pelanggan 2.606.583.144 1.954.142.269 Cash received from customers Pembayaran kas kepada pemasok (1.292.207.974) (1.253.293.727) Cash paid to suppliers
Pembayaran kas kepada karyawan (415.757.223) (331.709.516) Cash paid to employees
Kas yang dihasilkan dari operasi 898.617.947 369.139.026 Cash resulting from operations
Penghasilan bunga yang diterima 4.348.301 7.873.521 Interest income received
Pembayaran pajak penghasilan Payments of
badan (210.477.251) (153.796.463) corporate income tax
Beban keuangan yang dibayar (197.965.323) (158.106.419) Finance cost paid
Penerimaan dari restitusi pajak 39.450.393 183.027.379 Cash received from tax restitution
Kas neto yang diperoleh dari Net cash provided by
aktivitas operasi 533.974.066 248.137.044 operating activities
ARUS KAS DARI CASH FLOWS FROM
AKTIVITAS INVESTASI: INVESTING ACTIVITIES:
Pemberian pinjaman kepada Cash paid for loans
pihak berelasi, neto (202.402.792) (270.666.088) to related parties, net
Perolehan aset tetap (60.565.330) 11 (102.290.088) Acquisitions of fixed assets
Penambahan biaya pengembangan Additional development cost of
plasma (42.932.480) (55.309.744) plasma
Perolehan tanaman belum Additions to immature
menghasilkan (7.922.166) (2.910.254) plantations
Penambahan aset tidak berwujud (5.471.112) 13 - Additions of intangible assets
Kas neto yang digunakan untuk Net cash used in
aktivitas investasi (319.293.879) (431.176.174) investing activities
Yang Berakhir pada Tanggal 30 Juni/
For Six-month Period Ended June 30, Catatan/
2021 Notes 2020
AKTIVITAS PENDANAAN: FINANCING ACTIVITIES:
Pembayaran dana Cash paid to
kepada pihak berelasi (16.200.000) (6.237.294) related parties
Pembayaran utang bank (87.298.836) 40 (74.433.498) Repayments of bank loan
Penerimaan utang bank 12.326.851 40 12.901.198 Proceeds from bank loan
Pembayaran dividen kas (290.427.470) 26b - Payments of cash dividend
Pembayaran liabilitas sewa (603.855) - Repayments of lease liabilites
Kas neto yang digunakan untuk Net cash used in
aktivitas pendanaan (382.203.309) (67.769.594) financing activities
NET DECREASE
PENURUNAN NETO IN CASH AND
KAS DAN SETARA KAS (167.523.122) (250.808.724) CASH EQUIVALENTS
DAMPAK NETO PERUBAHAN NET EFFECT OF CHANGES IN
NILAI TUKAR ATAS KAS DAN EXCHANGES RATES ON CASH
SETARA KAS 1.654.746 45.463.044 AND CASH EQUIVALENSTS
KAS DAN SETARA KAS CASH AND CASH EQUIVALENTS
AWAL PERIODE 1.907.844.191 4 2.202.460.781 AT BEGINNING OF PERIOD
KAS DAN SETARA KAS CASH AND CASH EQUIVALENTS
AKHIR PERIODE 1.741.975.815 4 1.997.115.101 AT END OF PERIOD
1. UMUM 1. GENERAL
a. Pendirian dan informasi umum a. Establishment and general information
PT Sawit Sumbermas Sarana Tbk.
(“Perseroan”) didirikan di Jakarta, berdasarkan Akta No. 51 tanggal 22 November 1995 dari Notaris Enimarya Agoes Suwarko, S.H., Akta pendirian Perseroan telah memperoleh pengesahan dari Kementerian Hukum dan Hak Asasi Manusia Republik Indonesia dengan Surat Keputusan No. C2-8176.HT.01.01.TH.96 tanggal 26 Juli 1996, serta selanjutnya diumumkan dalam Berita Negara Republik Indonesia No. 839, Tambahan No. 36 tanggal 22 Februari 2011.
PT Sawit Sumbermas Sarana Tbk. (the
“Company”) was established in Jakarta based on the Notarial Deed No. 51 of Enimarya Agoes Suwarko, S.H., dated November 22, 1995. The deed of establishment was approved by Ministry of Law and Human Rights of the Republic of Indonesia in its Decision Letter No. C2- 8176.HT.01.01.TH.96 dated July 26, 1996 and subsequently published in the Republic of Indonesia State of Gazzette No. 839, Supplement No. 36 dated February 22, 2011.
Anggaran Dasar Perseroan telah mengalami beberapa kali perubahan. Perubahan terakhir berdasarkan Akta No. 68 tanggal 23 April 2015 dari Notaris Aryanti Artisari, S.H., M.Kn. tentang amandemen ruang lingkup kegiatan Perseroan.
Perubahan ini telah memperoleh pengesahan dari Kementerian Hukum dan Hak Asasi Manusia dengan Surat Keputusan No.AHU- AH.01.03-09062. Tahun 2015 tanggal 4 Mei 2015, serta selanjutnya diumumkan dalam Berita Negara Republik Indonesia No. 1 tahun 2016, Tambahan No. 182/L tahun 2016.
The Company’s Articles of Association have been amended several times. The latest amendment was legalized under Notarial Deed No. 68 of Aryanti Artisari, S.H., M.Kn. dated April 23, 2015 in relation to the amendment of the Company’s activities. This amendment was approved by Ministry of Law and Human Rights of the Republic of Indonesia in its Decision Letter No.AHU-AH.01.03-09062. Tahun 2015 dated May 4, 2015, and subsequently published in the Republic of Indonesia State of Gazzette No. 1 year 2016, Supplement No. 182/L year 2016.
Perseroan berdomisili di Pangkalan Bun, Kabupaten Kotawaringin Barat, Kalimantan Tengah, Indonesia dengan kantor pusat di Jl. Haji Udan Said No. 47, Pangkalan Bun.
The Company is domiciled in Pangkalan Bun, Kotawaringin Barat, Central Kalimantan, Indonesia, with its head office located on Jl. Haji Udan Said No. 47, Pangkalan Bun.
Sesuai dengan Pasal 3 Anggaran Dasar Perseroan, ruang lingkup kegiatan Perseroan adalah pertanian, perdagangan, dan industri.
As stated in Article 3 of the Company’s Articles of Association, the scope of the Company’s activities is in agriculture, trade, and industry.
Perseroan mulai beroperasi secara komersial pada tahun 2005. Perseroan dan entitas anaknya terutama bergerak di bidang perkebunan kelapa sawit dan pabrik kelapa sawit yang memproduksi minyak kelapa sawit dan inti sawit dengan kapasitas produksi 540 MT tandan buah segar (“TBS”) per jam (tidak diaudit). Perkebunan kelapa sawit dan kedua pabrik kelapa sawit berlokasi di Kalimantan Tengah.
The Company commenced its commercial operations in 2005. The Company and its subsidiaries are primarily involved in the operations of oil palm plantations and a palm oil mill which produces crude palm oil and palm kernel with production capacities of 540 MT of fresh fruit bunches (“FFB”) per hour (unaudited). The oil palm plantation and both palm oil mills are located in Central Kalimantan.
1. UMUM (lanjutan) 1. GENERAL (continued)
a. Pendirian dan informasi umum (lanjutan) a. Establishment and general information (continued)
Berdasarkan akta notaris No. 18 Notaris Citra Buana Tungga, S.H., M.Kn. tanggal 16 Oktober 2017 dan telah disetujui oleh Kementerian Hukum dan Hak Asasi Manusia
melalui Surat keputusan
No:AHU-0021410.AH.01.02 Tahun 2017 tertanggal 16 Oktober 2017, PT Citra Borneo Indah (CBI) merupakan pemegang saham pengendali per tanggal 30 Juni 2021 dan 31 Desember 2020. Pemegang saham terakhir Perseroan adalah perorangan.
Based on notarial deed No. 18 Notary of Citra Buana Tungga, S.H., M.Kn. dated October 16 2017 and has been approved by Indonesian Ministry of Law and Human Right through his decree No:AHU-0021410.AH.01.02 Tahun 2017 dated October 16, 2017, PT Citra Borneo Indah (CBI) is the Company’s controlling shareholder
as of June 30, 2021 and December 31, 2020.
The ultimate shareholder of the Company is an individual.
b. Penawaran umum saham perseroan dan tindakan perseroan lainnya
b. Public offering of the company’s shares and other corporate actions
Pada tanggal 29 November 2013, Perseroan memperoleh Surat Pernyataan Efektif dari Dewan Komisioner Otoritas Jasa Keuangan (“OJK”) dengan suratnya No. S-393/D.04/2013 untuk melakukan penawaran umum saham perdana sejumlah 1.500.000.000 saham biasa atas nama dengan nilai nominal Rp100 (angka penuh) setiap lembar saham yang ditawarkan kepada masyarakat dengan harga penawaran Rp670 (angka penuh) setiap saham. Termasuk di dalam jumlah saham umum perdana kepada masyarakat adalah saham yang telah dialokasikan sehubungan dengan Program Alokasi Saham Karyawan (Employee Stock Allocation atau “ESA”) sejumlah 150.000.000 saham berdasarkan Surat Keputusan Direksi No. Dir.Kom/IPO-ESA/001/VIII/2013 tanggal 19 September 2013. Pada tanggal 12 Desember 2013, seluruh saham tersebut telah dicatat di Bursa Efek Indonesia.
On November 29, 2013, the Company obtained the Effective Statement Letter from Board of Commissioners of Financial Services Authority (“OJK”) through its Letter No. S-393/D.04/2013 for the Company’s initial public offering of 1,500,000,000 common shares to the public with a par value of Rp100 (full amount) per share at an offering price of Rp670 (full amount) per share. Included in the number of initial public shares offered to the Public are shares that have been allocated in connection with Employee Stock Allocation Program ("ESA") of 150,000,000 shares based on the Director Decision Letter No. Dir.Kom/IPO- ESA/001/VIII/2013 dated September 19, 2013.
These shares were listed on the Indonesia Stock Exchange on December 12, 2013.
Perusahaan melalui anak perusahaan, SSMS Plantation Holding Pte. Ltd., menerbitkan obligasi global senilai AS$300.000.000 dengan bunga 7,75%. Obligasi bertenor 5 tahun dan akan jatuh tempo pada tahun 2023 tersebut tercatat dan diperdagangkan di The Singapore Exchange Securities Trading Ltd (“SGX”) pada tanggal 24 Januari 2018. Dalam penerbitan
The Company through its subsidiary, SSMS Plantation Holding Pte. Ltd., issued global bonds of US$300,000,000 with an interest of 7.75%.
The 5-year bonds, which will mature in 2023, are listed and traded on The Singapore Exchange Securities Trading Ltd (“SGX”) on January 24, 2018. In issuing these bonds, The Bank of New York Mellon, London Branch,
1. UMUM (lanjutan) 1. GENERAL (continued)
c. Manajemen kunci dan informasi lainnya c. Key management and other informations Berdasarkan Berita Acara Rapat terakhir No.55
tanggal 28 Mei 2021 yang dibuat di hadapan Tintin Surtini, S.H, M.H, MKn. Notaris di Jakarta sebagaimana dilaporkan kepada Menkumham berdasarkan Penerimaan Laporan No. AHU- AH.01.03-0402760 tanggal 28 Juni 2021, Susunan Dewan Komisaris dan Direksi Perseroan per 30 Juni 2021 adalah sebagai berikut:
Based on latest Deed of Minutes of Meeting No.55 dated May 28, 2021 made before Tintin Surtini, S.H, M.H, MKn. Notary in Jakarta as reported to the MOLHR under Receipt of Report No. AHU-AH.01.03-0402760 dated June 28, 2021, the composition of the Company’s Boards of Commissioners and Directors as of June 30, 2021 are as follows:
Dewan Komisaris Board of Commissioners
Komisaris Utama Bungaran Saragih President Commissioner Komisaris Independen Marzuki Usman Independent Commissioner Komisaris Independen Ito Warsito Independent Commissioner
Komisaris Rimbun Situmorang Commissioner
Direksi Board of Directors
Direktur Utama Vallauthan Subraminam President Director
Direktur Nasarudin Bin Nasir Director
Direktur Hartono Jap Director
Susunan Dewan Komisaris dan Direksi Perseroan pada tanggal 31 Desember 2020 adalah sebagai berikut:
The compositions of the Company’s Boards of Commissioners and Directors as of December 31, 2020 are as follows:
Dewan Komisaris Board of Commissioners
Komisaris Utama Bungaran Saragih President Commissioner Komisaris Independen Ito Warsito Independent Commissioner
Komisaris Marzuki Usman Commissioner
Komisaris Rimbun Situmorang Commissioner
Direksi Board of Directors
Direktur Utama Vallauthan Subraminam President Director
Direktur Ramzi Sastra Director
Direktur Nasarudin Bin Nasir Director
Perseroan menunjuk Swasti Kartikaningtyas sebagai Sekretaris Perseroan.
The Company appointed Swasti Kartikaningtyas as the Company’s Corporate Secretary.
Berdasarkan surat keputusan dari Dewan Komisaris tanggal 19 Juni 2019, Perseroan telah mengangkat Bapak Ito Warsito sebagai anggota Komite Audit. Susunan Komite Audit pada tanggal 30 Juni 2021 dan 31 Desember 2020 adalah sebagai berikut:
Based on decision letter of Board of Commisioners dated June 19, 2019, the Company appointed Mr. Ito Warsito as a member of the Company’s Audit Committee.
The composition of the Audit Committee as of June 30, 2021 and December 31, 2020 as follow:
Ketua Marzuki Usman Chairman
Anggota Ito Warsito Member
Anggota Wahyudi Susanto Member
Anggota Zulfitry Ramdan Member
1. UMUM (lanjutan) 1. GENERAL (continued)
c. Manajemen kunci dan informasi lainnya (lanjutan)
c. Key management and other informations (continued)
Personil manajemen kunci Perseroan meliputi Dewan Komisaris dan Direksi. Kompensasi imbalan kerja jangka pendek yang dibayarkan kepada personil manajemen kunci Perseroan untuk periode yang berakhir pada tanggal 30 Juni 2021 dan 31 Desember 2020 masing- masing adalah sebesar Rp30.829.198 dan Rp17.282.925. Tidak terdapat kompensasi dalam bentuk imbalan pascakerja, imbalan kerja jangka panjang lainnya, pesangon pemutusan kontrak kerja dan pembayaran berbasis saham.
Key management personnel of the Company are the Boards of Commissioners and Directors. Short-term compensation paid to the key management personnel of the Company for the period ended June 30, 2021 and December 31, 2020 amounted to Rp30,829,198 and Rp17,282,925, respectively. There is no compensation of post- employment benefit, other long-term benefit, termination benefits, and share-based payment for the key management personnel.
Pada tanggal 30 Juni 2021, Perseroan dan entitas anaknya memiliki 7.492 karyawan tetap (31 Desember 2020: 7.260 karyawan tetap) (tidak diaudit).
As of June 30, 2021, the Company and its subsidiaries has 7,492 permanent employees (December 31, 2020: 7,260 permanent employees) (unaudited).
d. Penyelesaian laporan keuangan interim konsolidasian
d. Completion of interim consolidated financial statements
Laporan keuangan konsolidasian interim Perseroan dan entitas anak tanggal 30 Juni 2021 dan untuk periode enam bulan yang berakhir pada tanggal tersebut diselesaikan dan diotorisasi untuk terbit oleh Direksi Perseroan pada tanggal 29 September 2021. Direksi Perseroan yang menandatangani Surat Pernyataan Direksi bertanggung jawab atas penyusunan dan kewajaran penyajian laporan keuangan konsolidasian interim tersebut.
The Company and its subsidiaries’ interim consolidated financial statements as of June 30, 2021 and for the six-month period then ended are completed and authorized for issuance by the Company’s Directors on September 29, 2021. The Company’s Directors who signed the Directors’ Statement are responsible for the fair preparation and presentation of such interim consolidated financial statements.
e. Entitas anak dan entitas asosiasi e. Subsidiaries and associated entities
Kepemilikan Perseroan pada entitas anak yang dikonsolidasi baik secara langsung maupun tidak langsung (selanjutnya secara bersama- sama disebut “Kelompok Usaha”) adalah sebagai berikut:
The Company’s ownership interests directly or indirectly in the consolidated subsidiaries (hereinafter collectively referred to as the
“Group”) are as follows:
Mulai
Beroperasi Secara Persentase Kepemilikan/
Komersial/ Percentage of Ownership Interest Kegiatan Usaha/ Commencement
Nama Entitas Anak/ Domisili/ Nature of Business of Commercial 30 Juni 2021/ 31 Desember 2020/
1. UMUM (lanjutan) 1. GENERAL (continued)
e. Entitas anak dan entitas asosiasi (lanjutan) e. Subsidiaries and associated entities (continued)
Kepemilikan Perseroan pada entitas anak yang dikonsolidasi baik secara langsung maupun tidak langsung (selanjutnya secara bersama- sama disebut “Kelompok Usaha”) adalah sebagai berikut: (lanjutan)
The Company’s ownership interests directly or indirectly in the consolidated subsidiaries (hereinafter collectively referred to as the
“Group”) are as follows: (continued)
Mulai
Beroperasi Secara Persentase Kepemilikan/
Komersial/ Percentage of Ownership Interest Kegiatan Usaha/ Commencement
Nama Entitas Anak/ Domisili/ Nature of Business of Commercial 30 Juni 2021/ 31 Desember 2020/
Name of Subsidiaries Domicile Activities Operations June 30, 2021 December 31, 2020
Pemilikan langsung/
Direct ownership
PT Mitra Mendawai Kotawaringin Perkebunan dan pabrik 2008 99% 99%
Sejati (“MMS”) Barat kelapa sawit dan inti
sawit//Oil palm plantations,
Palm oil mill and
Kernel crushing plant
SSMS Plantation Perusahaan
Holding Pte.Ltd. jasa pendukung bisnis/
(“SPH”) Singapore Company 2018 100% 100%
bussiness support service
Sawit Sumbermas Perusahaan International Pte.Ltd. penjual produk kelapa sawit/
(“SSI”) Singapore Company 2018 100% 100%
Whole sale of palm oil
Pemilikan tidak langsung melalui KSA/
Indirect ownership through KSA
PT Tanjung Sawit Kotawaringin Perkebunan dan pabrik 2012 99% 99%
Abadi (“TSA”) Barat kelapa sawit/
Oil palm plantations
and palm oil mill
PT Sawit Multi Kotawaringin Perkebunan dan pabrik 2012 99% 99%
Utama (“SMU”) Barat Kelapa sawit/
Oil palm plantations
and palm oil mill
Pemilikan tidak langsung melalui MMS/
Indirect ownership through MMS
PT Mirza Pratama Lamandau Perkebunan dan pabrik 2011 99% 99%
Putra (“MPP”) kelapa sawit/
Oil palm plantations
and palm oil mill
PT Menteng Kencana Pulang Pisau Perkebunan dan pabrik 2010 99% 99%
Mas (“MKM”) kelapa sawit/
Oil palm plantations
and palm oil mill
Pemilikan tidak langsung melalui SPH/
Indirect ownership through SPH
SSMS Plantation Singapore Singapore Jasa konsultasi dan 2018 100% 100%
International Pte.Ltd. perdagangan/
(“SPI”) Consultancy services
and trading
1. UMUM (lanjutan) 1. GENERAL (continued)
e. Entitas anak dan entitas asosiasi (lanjutan) e. Subsidiaries and associated entities (continued)
Total aset pada entitas anak yang dikonsolidasi baik secara langsung maupun tidak langsung (selanjutnya secara bersama-sama disebut
“Kelompok Usaha”) adalah sebagai berikut:
Total assets of subsidiaries directly or indirectly in the consolidated subsidiaries (hereinafter collectively referred to as the
“Group”) are as follows:
Mulai Total Aset Sebelum Eliminasi (dalam Beroperasi Secara Jutaan Rupiah)/ Total Assets Before
Komersial/ Elimination (in millions of Rupiah) Kegiatan Usaha/ Commencement
Nama Entitas Anak/ Domisili/ Nature of Business of Commercial 30 Juni 2021/ 31 Desember 2020/
Name of Subsidiaries Domicile Activities Operations June 30, 2021 December 31, 2020
Pemilikan langsung/
Direct ownership
PT Kalimantan Sawit Kotawaringin Perkebunan dan pabrik 2005 2.266.293 2.030.418
Abadi (“KSA”) Barat kelapa sawit/
Oil palm plantations
and palm oil mill
PT Mitra Mendawai Kotawaringin Perkebunan dan pabrik 2008 2.854.453 2.684.927 Sejati (“MMS”) Barat kelapa sawit dan inti
sawit//Oil palm plantations,
Palm oil mill an
Kernel crushing plant
SSMS Plantation Singapore Perusahaan 2018 4.385.763 4.264.396 Holding Pte.Ltd jasa pendukung bisnis/
(“SPH”) Company
bussiness support service
Sawit Sumbermas Perusahaan International Pte.Ltd. penjual produk kelapa sawit/
(“SSI”) Singapore Company 2018 10 10
Whole sale of palm oil
Pemilikan tidak langsung melalui KSA/
Indirect ownership through KSA
PT Tanjung Sawit Kotawaringin Perkebunan dan pabrik 2012 2.138.896 2.072.742
Abadi (“TSA”) Barat kelapa sawit/
Oil palm plantations
and palm oil mill
PT Sawit Multi Kotawaringin Perkebunan dan pabrik 2012 1.802.158 1.830.014 Utama (“SMU”) Barat kelapa sawit/
Oil palm plantations
and palm oil mill
Pemilikan tidak langsung melalui MMS/
Indirect ownership through MMS
PT Mirza Pratama Lamandau Perkebunan/ 2011 435.176 430.428
Putra (“MPP”) Oil palm plantations
PT Menteng Kencana Pulang Pisau Perkebunan/ 2010 1.207.263 1.103.730
Mas (“MKM”) Oil palm plantations
Pemilikan tidak langsung melalui SPH/
1. UMUM (lanjutan) 1. GENERAL (continued)
e. Entitas anak dan entitas asosiasi (lanjutan) e. Subsidiaries and associated entities (continued)
KSA dan MMS memiliki pabrik pengolahan kelapa sawit yang berlokasi di Kotawaringin Barat, Kalimantan Tengah dengan total kapasitas produksi masing-masing sebesar 60 MT TBS per jam untuk KSA dan 60 MT TBS per jam untuk MMS (tidak diaudit). MMS memiliki pabrik inti sawit yang berlokasi di Kotawaringin Barat dengan total kapasitas produksi sebesar 150 MT inti sawit (“PK”) per hari (tidak diaudit).
KSA and MMS have palm oil mills located at Kotawaringin Barat, Central Kalimantan, with processing capacities of 60 MT FFB per hour for KSA and 60 MT FFB per hours for MMS (unaudited), respectively. MMS has kernel crushing plant located in Kotawaringin Barat with total processing capacity of 150 MT of palm kernel (“PK”) per day (unaudited).
KSA dan entitas anaknya (TSA dan SMU) memiliki lahan tanaman menghasilkan sebesar 30.532 Ha pada 30 Juni 2021 dan 31 Desember 2020 dan tidak terdapat area tanaman belum menghasilkan (tidak diaudit)
KSA and its subsidiaries (TSA and SMU) owned 30.532 Ha of mature plantations area and no immature plantations area (unaudited) as of June 30, 2021 and December 31, 2020.
TSA dan SMU bergerak di bidang perkebunan kelapa sawit dan pabrik kelapa sawit yang memproduksi minyak kelapa sawit dan inti sawit yang keduanya berlokasi di Lamandau dan dengan kapasitas produksi masing-masing 60 MT TBS per jam untuk TSA dan 70 MT TBS per jam untuk SMU (tidak diaudit).
TSA and SMU involves in operations of oil palm plantations and operations of palm oil mill located at Lamandau which produces crude palm oil and palm kernel with production capacities of 60 MT of FFB per hour for TSA and 70 MT of FFB per hour for SMU (unaudited).
MMS dan entitas anaknya (MKM dan MPP) memiliki lahan tanaman menghasilkan sebesar 18.308 Ha dan 18.554 Ha dan area tanaman belum menghasilkan sebesar 18 Ha (tidak diaudit) pada tanggal 30 Juni 2021 dan 31 Desember 2020.
MMS and its subsidiaries (MKM and MPP) owned 18,308 Ha and 18,554 Ha of mature plantations area and 18 Ha of immature plantations area (unaudited) as June 30, 2021 and December 31, 2020.
MKM dan MPP bergerak di bidang perkebunan kelapa sawit dan pabrik kelapa sawit yang memproduksi minyak kelapa sawit dan inti sawit yang keduanya berlokasi di Pulang Pisau dan Lamandau dengan kapasitas produksi masing- masing 60 MT TBS per jam (tidak diaudit).
MKM and MPP involves in operations of oil palm plantations and operations of palm oil mill located at Pulang Pisau and Lamandau which produces crude palm oil and palm kernel with production capacities each of 60 MT of FFB per hour (unaudited).
Akuisisi entitas asosiasi di tahun 2020 Acquisition of associated company in 2020 Berdasarkan Perjanjian Akta Notaris No.74
Notaris Dr. Tintin Surtini, S.H., MH., Mkn. pada tanggal 29 Desember 2020, Perseroan mengakuisisi 13% saham PT Citra Borneo Utama (CBU), dengan total harga akuisisi sebesar Rp600.000.000. Perseroan mengakuisisi saham CBU melalui mekanisme konversi pinjaman jangka panjang yang dapat dikonversi (Catatan 35) PT Citra Borneo Indah (CBI) dengan saham CBI pada pada CBU. CBU bergerak di bidang pengolahan minyak kelapa sawit. Perseroan telah mencatat penyesuaian nilai wajar atas investasi pada CBU sebelum akuisisi kepemilikan 13% lembar saham
Based on the Notarial Deed No. 74 Notary of Dr. Tintin Surtini, S.H., MH., MKn. Dated December 29, 2020, the Company acquired 13% share ownership in PT Citra Borneo Utama (CBU) with acquisition price of Rp600,000,000. The Company acquired shares ownership in CBU through conversion of PT Citra Borneo Indah (CBI)’s long term convertible loan (Note 35) to the Company become the Company’s share ownership in CBU. CBU is engaged in processing of palm oil. The Company recorded a fair value adjustment on the investment in CBU prior to the acquisition of 13% share ownership