Informasi Dokumen
- Pengajar:
- J. Wahyoedi Hidayat, President Director
- Sekolah: PT SMR Utama Tbk
- Mata Pelajaran: Business Management
- Topik: Annual Report 2016 PT SMRU Final
- Tipe: annual report
- Tahun: 2016
- Kota: Semarang
Ringkasan Dokumen
I. Report of The Board of Directors
The Board of Directors expresses gratitude for the guidance and protection received, enabling PT SMR Utama Tbk to close 2016 with improved performance. Despite global trade stagnation and investment uncertainties, commodity prices, particularly for coal and oil, began to recover. The company anticipates growth in the coal industry due to the increasing demand for coal-fired power plants, as indicated by the General Plan of Power Supply (RUPTL) 2016-2025, which projects coal to dominate new power generation capacity. The company's production volume rose significantly, reflecting operational improvements and strategic contract acquisitions.
II. Report of The Board of Commissioners
The Board of Commissioners commends the company for successfully navigating 2016 amidst challenges in the coal industry. The recovery of coal prices in the latter half of the year, from USD 61 per ton to USD 70 per ton, has positively impacted the company’s operations. The Board emphasizes the importance of synergy and effective oversight to ensure the company adheres to good corporate governance principles. They acknowledge the increase in production volume and encourage ongoing improvements in operational efficiency and safety standards.
III. Financial Highlights
The financial summary for 2016 indicates a mixed performance with total assets decreasing to approximately $180 million, while total liabilities rose slightly. The company reported a net loss, although there was a notable increase in sales and gross profit compared to previous years. The current ratio improved significantly, reflecting better liquidity management. However, the ratios of net income to total assets and equity indicate ongoing challenges in profitability, necessitating strategic actions to enhance financial health moving forward.
IV. Company Profile
PT SMR Utama Tbk, originally established as PT Dwi Satria Jaya, has evolved into a publicly listed company since 2011. The company specializes in mining services, focusing on coal exploitation and production. With a commitment to operational excellence, SMRU aims to be a leading player in the mining sector, prioritizing safety and environmental sustainability. The company's strategic direction is guided by its vision to maximize shareholder value and contribute positively to local communities.
4.1 Brief History
PT SMR Utama was established in 2003 and underwent several name changes and structural transformations, ultimately becoming a public company in 2011. This transition has allowed the company to access capital markets and enhance its operational capabilities. The company has consistently focused on growth and sustainability in the mining industry.
4.2 Shareholder Composition
As of December 31, 2016, the shareholder structure includes significant stakes from PT Lautan Rizki Abadi and public shareholders. The governance structure is supported by a Board of Commissioners and Directors, ensuring strategic oversight and operational management.
V. Management Discussion and Analysis
The management analysis highlights the company's operational strategies and responses to market conditions. Despite external economic challenges, the company has focused on improving efficiency and exploring new market opportunities. The management remains optimistic about future prospects, driven by anticipated improvements in commodity prices and domestic demand. Continuous improvement initiatives are being implemented to enhance productivity and reduce operational costs.
VI. Corporate Governance
The company adheres to principles of good corporate governance, emphasizing transparency, accountability, and ethical conduct. Regular meetings between the Board of Directors and Commissioners are held to review performance and strategic direction. The Audit Committee plays a crucial role in ensuring compliance with regulations and internal policies, contributing to the company's overall governance framework.
VII. Annual Financial Statements
The audited financial statements provide a comprehensive overview of the company's financial position at the end of 2016. Key figures indicate a challenging year, with losses attributed to market conditions and operational costs. However, the increase in sales and production volume reflects the company's resilience and potential for recovery. The financial health of the company will require ongoing monitoring and strategic adjustments to enhance profitability.
