Estimasi dan Asumsi (lanjutan) Estimates and Assumptions (continued)
Imbalan Pascakerja (lanjutan) Employee benefits (continued)
Sementara Perum BULOG dan Entitas Anak berkeyakinan bahwa asumsi tersebut adalah wajar dan sesuai, perbedaan signifikan pada hasil aktual atau perubahan signifikan dalam asumsi yang ditetapkan Perum BULOG dan Entitas Anak dapat mempengaruhi secara material liabilitas diestimasi atas pensiun dan imbalan kerja dan beban imbalan kerja neto. Nilai tercatat atas estimasi liabilitas imbalan kerja Perum BULOG dan Entitas Anak pada tanggal 31 Desember 2018 dan 2017 sebesar Rp 159.854.034.326 dan Rp 273.915.092.903 (Catatan 24).
While Perum BULOG and its Subsidiaries believe that its assumptions are reasonable and appropriate, significant differences in Perum BULOG and its Subsidiaries actual experiences or significant changes in Perum BULOG and its Subsidiaries' assumptions may materially affect its estimated liability for employee benefits and net employee benefits expense. The carrying amount of Perum BULOG and its Subsidiaries' estimated liability for employee benefits as of December 31, 2018 and 2017 are Rp 159,854,034,326 and Rp 273,915,092,903 (Note 24).
Pajak Penghasilan Income Tax
Pertimbangan signifikan dilakukan dalam menentukan provisi atas pajak penghasilan badan. Terdapat transaksi dan perhitungan tertentu yang penentuan pajak akhirnya adalah tidak pasti dalam kegiatan usaha normal. Perum BULOG dan Entitas Anak mengakui liabilitas atas pajak penghasilan badan berdasarkan estimasi apakah akan terdapat tambahan pajak penghasilan badan.
Significant judgement is involved in determining the provision for corporate income tax. There are certain transactions and computation for which the ultimate tac determination is uncertain during the ordinary course of business. Perum BULOG and it’s Subsidaries recognizes liabilities for expected corporate income tax issues based on estimates of whether additional corporate income tax will be due.
Aset pajak tangguhan Deferred tax assets
Aset tangguhan diakui atas seluruh rugi fiskal yang belum digunakan sepanjang besar kemungkinannya bahwa penghasilan kena pajak akan tersedia sehingga rugi fiskal tersebut dapat digunakan. Estimasi signifikan oleh manajemen diharuskan dalam menentukan jumlah aset pajak tangguhan yang dapat diakui, berdasarkan saat penggunaan dan tingkat penghasilan kena pajak serta strategi perencanaan pajak masa depan.
Deferred tax assets are recognized for all deductible temporary differences and unused fiscal losses to the extent that it is probable that taxable profit will be available against which the temporary differences and losses can be utilized significant management estimated are required to determine the amount of deferred tax assets that can be recognized, based upon the likely timing and the level of future taxable profits together with future tax planning strategies.
Penyisihan Penurunan Nilai Pasar dan Keusangan Persediaan
Allowance for Decline in Market Values and Obsolescence of Inventories
Penyisihan penurunan nilai pasar dan keusangan persediaan diestimasi berdasarkan fakta dan situasi yang tersedia, termasuk namun tidak terbatas kepada, kondisi fisik persediaan yang dimiliki, harga jual pasar, estimasi biaya penyelesaian dan estimasi biaya yang timbul untuk penjualan. Provisi dievaluasi kembali dan disesuaikan jika terdapat tambahan informasi yang mempengaruhi jumlah yang diestimasi. Penjelasan lebih rinci diungkapkan dalam Catatan 2 dan 10.
Allowance for decline in market values and obsolescence of inventories is estimated based on the best available facts and circumstances, including but not limited to, the inventories’ own physical conditions, their market selling prices, estimated costs to be incurred for their sales. The provisions are re-evaluated and adjusted as additional information received affects the amount estimated. Further details are disclosed in Notes 2 and 10.
4. KOMBINASI BISNIS 4. BUSINESS COMBINATION
Pada tanggal 30 September 2016, Perum BULOG dan PT Pandu Agro Nusantara membeli masing-masing sebesar 70% dan 30% kepemilikan saham PT Gendhis Multi Manis.
PT Gendhis Multi Manis terdaftar di Blora dan bisnis utamanya adalah memproduksi gula kristal putih.
On September 30, 2016, Perum BULOG and PT Pandu Agro Nusantara purchased 70% and 30% share ownership of PT Gendhis Multi Manis. PT Gendhis Multi Manis is registered in Blora and its principal business is producing white sugar
Tabel berikut ini merangkum harga perolehan, jumlah aset yang diperoleh dan liabilitas yang diambilalih pada tanggal akuisisi.
The following table summarizes the purchase consideration, the amount of net liabilities acquired at the acquisition date.
Aset yang diperoleh 77.000.000.000 Assets consideration
Akun ini terdiri dari: This account consists of:
2018 2017
Kas Cash on hand
PSO PSO
Kas pajak 1.295.330.395 1.967.791.366 Cash tax
Kas manajemen 670.218.378 1.436.567.535 Cash management
Kas eksploitasi 553.528.014 994.486.741 Cash exploitation
Kas valas (USD) 311.544.234 291.471.672 Cash in foreign exchange (USD)
Kas lain-lain 892.672.748 2.507.593.747 Other cash
3.723.293.769 7.197.911.061
Komersial Commercial
Kas komersial 1.463.980.096 1.729.038.843 Cash commercial
Kas PT JPLB 308.881.364 537.020.208 Cash PT JPLB
Kas UB Ujastasma 305.317.200 164.661.919 Cash UB Ujastasma
Kas UB Opaset 159.806.796 120.325.951 Cash UB Opaset
Kas PT GMM 35.637.638 25.734.321 Cash PT GMM
2.273.623.094 2.576.781.242
Sub total 5.996.916.863 9.774.692.303 Sub total
Bank Cash in banks
PSO PSO
PT Bank Rakyat Indonesia
(Persero) Tbk 2.823.297.267.947 4.105.607.580.595
PT Bank Rakyat Indonesia (Persero) Tbk PT Bank Negara Indonesia
(Persero) Tbk 330.210.306.097 829.329.166
PT Bank Negara Indonesia (Persero) Tbk
PT Bank Bukopin Tbk 75.354.109.688 152.223.149.896 PT Bank Bukopin Tbk
PT Bank Mandiri (Persero) Tbk 228.391.558 216.351.094 PT Bank Mandiri (Persero) Tbk
Bank Lainnya 238.529.334 2.509.299.262 Other banks
3.229.328.604.624 4.261.385.710.013
Bank Cash in banks
Komersial Commercial
PT Bank Rakyat Indonesia
(Persero) Tbk 2.092.126.464.766 1.886.949.250.614
PT Bank Rakyat Indonesia (Persero) Tbk PT Bank Negara Indonesia
(Persero) Tbk 545.125.775.746 519.206.325.626
PT Bank Negara Indonesia (Persero) Tbk
PT Bank Bukopin Tbk 85.992.973.462 110.663.187.653 PT Bank Bukopin Tbk
PT Bank Syariah Bukopin - 2.477.185.237 PT Bank Syariah Bukopin
PT Bank Mandiri (Persero) Tbk 9.340.083.179 624.624.293 PT Bank Mandiri (Persero) Tbk
PT Bank Central Asia 292.390.645 10.730.708 PT Bank Central Asia
Bank Lainnya 2.100.728 - Other banks
2.732.879.788.526 2.519.931.304.131
Sub total 5.962.208.393.150 6.781.317.014.144 Sub total
Uang dalam perjalanan Cash in transit
PSO - 18.000.000 PSO
5. KAS DAN SETARA KAS (lanjutan) 5. CASH AND CASH EQUIVALENTS (continued)
2018 2017
Deposito Time deposits
Rupiah Rupiah
PT Bank Rakyat Indonesia
(Persero)Tbk 1.027.615.705.078 1.471.266.878.343
PT Bank Rakyat Indonesia (Persero) Tbk
PT Bank Bukopin Tbk 199.031.045.000 354.125.686.932 PT Bank Bukopin Tbk
PT Bank Negara Indonesia
(Persero) Tbk 45.200.000.000 72.200.000.000
PT Bank Negara Indonesia (Persero) Tbk
PT Bank Syariah Bukopin - 8.000.000.000 PT Bank Syariah Bukopin
1.271.846.750.078 1.905.592.565.275
Dolar Amerika Serikat US Dollar
PT Bank Bukopin Tbk 198.182.621.700 185.413.863.600 PT Bank Bukopin Tbk
PT Bank Rakyat Indonesia
(Persero) Tbk 136.501.381.440 124.346.795.520
PT Bank Rakyat Indonesia (Persero) Tbk
334.684.003.140 309.760.659.120
Sub total 1.606.530.753.218 2.215.353.224.395 Sub total
KSO KSO
Modal Kerja Komersial 323.828.650 48.730.094 Working Capital - Commercial
Total 7.575.059.891.881 9.006.511.660.936 Total
Suku bunga per tahun deposito berjangka yang berlaku selama periode berjalan adalah:
The annual interest rates of the time deposits during the year are as follows:
2018 2017
Deposito Rupiah 6,75% - 7,75% 6,25% - 7,75% Rupiah deposit
Deposito Dolar Amerika Serikat 1,25% - 2,00% 0,75% US Dollar deposit
6. PIUTANG USAHA 6. TRADE RECEIVABLES
Akun ini terdiri dari: This account consists of:
2018 2017
Pemerintah Government
Kompensasi stabilisasi gula 699.982.936.607 330.658.163.342 Sugar stabilization compensation Cadangan beras pemerintah
(Catatan 18) 649.961.783.501 - Government rice reserve (Note 18)
Golongan anggaran pusat 208.397.748.872 159.233.240.790 Central budget group Margin fee gula (Catatan 30) 186.964.834.677 25.953.581.680 Sugar margin fee (Note 30)
Rastra 13.590.730.453 117.801.704.045 Rice subsidy for poor (Rastra)
Kementerian lainnya 12.869.769.260 19.435.182.197 Other ministries
Kementerian keuangan - 138.114.658.451 Ministry of finance
Sub total 1.771.767.803.370 791.196.530.505 Sub total
Non-Pemerintah Non-Government
PSO PSO
Klaim 274.627.749.975 261.826.902.197 Claims
Swasta 821.051.181 887.803.291 Private
BUMN 367.788.100 135.655.799.567 BUMN
Sub total 275.816.589.256 398.370.505.055 Sub total
2018 2017
Komersial Commercial
Swasta 90.713.415.640 77.990.094.819 Private
BUMN 81.224.555.350 92.243.585.835 BUMN
Jasa angkutan 9.073.976.860 12.275.748.991 Service freight
Sewa 116.245.876 118.345.876 Rental
UB Ujastasma 43.397.895 11.779.499 UB Ujastasma
Lainnya 1.389.390.313 888.811.518 Others
Sub total 182.560.981.934 183.528.366.538 Sub total
Total 2.230.145.374.560 1.373.095.402.098 Total
Dikurangi: cadangan penurunan nilai (263.273.538.198 ) (260.702.360.475 ) Less: allowance for impairment
Neto 1.966.871.836.362 1.112.393.041.623 Net
Mutasi cadangan penurunan nilai adalah sebagai berikut: Movements in allowance for impairment are as follows:
2018 2017
Saldo awal 260.702.360.475 239.836.441.955 Beginning balance
Penambahan (Catatan 29) 2.955.838.896 20.865.918.520 Provision during the year (Note 29)
Pemulihan (384.661.173 ) - Recovery
Saldo akhir 263.273.538.198 260.702.360.475 Ending balance
Piutang golongan anggaran pusat merupakan piutang atas penjualan kepada pegawai negeri pusat ABRI/HANKAM/POLRI, departemen transmigrasi, departemen kehakiman dan departemen sosial.
Receivables from Central budget group represents receivable from sales to government employees, ABRI/HANKAM/POLRI, transmigration department, judicial department and the social department.
Piutang Kementerian Keuangan adalah piutang atas subsidi beras Rastra. Berdasarkan berita acara hasil pemeriksaan perhitungan subsidi beras bagi masyarakat berpendapatan rendah tahun 2017 oleh BPK, jumlah subsidi yang harus dikembalikan Perum BULOG kepada Pemerintah sebesar Rp 834.824.264.977 dibebankan sebagai “Beban lain-lain - Beras/gabah” pada laporan laba rugi, dimana pembayaran tersebut dilakukan dengan cara mengkompensasi piutang atas subsidi beras Rastra sebesar Rp 138.114.658.451 dan sisanya dibayarkan oleh Perum BULOG.
Receivables from Ministry of Finance represents receivables related with Rastra rice subsidy. Based on the minutes of the examination results in 2018 on the calculation of rice subsidy for low-income communities in Year 2017 by BPK, Perum BULOG should return to the Government amounting to Rp 834,824,264,977 which is charged to
"Other expenses - Rice/grain” in profit or loss. This payment is net-off to the rice subsidy receivables amounting to Rp 138,114,658,451 while the remainder was paid by Perum BULOG.
Berdasarkan surat Menteri Badan Usaha Milik Negara No. S-411/MBU/07/2017 tentang Penugasan Perum BULOG dalam rangka Pengadaan gabah dan beras dengan fleksibilitas harga, selisih harga beli aktual gabah dan beras dan harga yang ditetapkan oleh Pemerintah akan dibayarkan oleh Pemerintah melalui Dana Cadangan Stabilisasi Harga Pangan (CSHP).
Berdasarkan surat Kementerian Koordinator BIdang
Perekonomian Republik Indonesia
No. S-63/SES.M.EKON/02/2018 tanggal 14 Pebruari 2018, mengenai kebijakan dalam rangka Pengadaan gabah dan beras dengan fleksibilitas harga berlaku sampai 30 April 2018.
Berdasarkan surat Menteri Badan Usaha Milik Negara No. S-274/MBU/05/2017 dan Menteri Perdagangan Republik Indonesia No. 450/M-DAG/SD/4/2017 tentang Penugasan Kepada Perum BULOG untuk Stabilisasi Harga di Pasar Rakyat, selisih penyaluran gula merupakan selisih harga beli gula dan harga jual gula yang yang ditetapkan oleh Pemerintah yang akan dibayarkan melalui Dana Cadangan Stabilisasi Harga Pangan (CSHP).
Based on the Minister of State-Owned Enterprises Letter No. S-411/MBU/07/2017 concerning Appointment of Perum BULOG in the Procurement of grain and rice with price flexibility, the difference between the actual purchase price of grain and rice and the amount set by the Government will be paid by the Government through Reserve Fund for Stabilization of Food Prices (CSHP).
Based on the letter of the Coordinating Ministry for Economic Affairs of the Republic of Indonesia No. S-63/SES.M.EKON/02/2018 dated February 14, 2018 concerning policy for Procurement of grain and rice with price flexibility, such policy is valid until April 30, 2018.
Based on the Minister of State-Owned Enterprises Letter No. S-274/MBU/05/2017 and Minister of Trade Letter No. 450/M-DAG /SD/4/2017 concerning Appointment of Perum BULOG for Price Stabilization in the Market, the difference in the distribution of sugar represents the difference between the purchase price of sugar and the selling price of sugar set by the Government that will be paid by the Government through the Food Stabilization Reserve Reserve Fund (CSHP).
6. PIUTANG USAHA (lanjutan) 6. TRADE RECEIVABLES (continued)
Penyisihan atas penurunan nilai Piutang Allowance for impairment on Receivables
Kebijakan manajemen Perum BULOG adalah sebagai berikut:
Perum Bulog’s management policy are as follows:
1. Piutang usaha yang telah dihapusbukukan dan dapat ditagih kembali diakui sebagai pendapatan lain-lain saat diterimanya pembayaran sebesar jumlah yang diterima.
1. Written off trade receivables that have been recovered are recognized as other income in the amount received upon receipt of payment
2. Berdasarkan hasil analisis piutang masing-masing debitur, penyisihan terhadap piutang usaha akan dibuat piutang.
2. Based on the analysis of trade receivables from each debtor, allowance on trade receivables will be provided 3. Piutang kepada Pemerintah dikategorikan sebagai
piutang lancar. Besarnya penyusutan 0%. Piutang rastra termasuk dalam piutang usaha kepada Pemerintah.
3. Receivables from the Government is categorized as current receivables. The amount of allowance is 0%.
Rastra receivables are included in trade receivables from the Government.
4. Piutang usaha kepada Non Pemerintah :
i. Piutang lancar, bila berumur kurang dari setahun dan pembayarannya lancar. Besarnya penyusutan 0%
ii. Piutang kurang lancar, bila berumur lebih dari setahun dan ada pembayaran namun tidak lancar.
Besarnya penyusutan 15%
iii. Piutang diragukan, bila berumur lebih dari setahun, tidak ada pembayaran dan diragukan pengembaliannya. Besarnya penyustan 50%
iv. Piutang tidak tertagih, bila berumur dari setahun tidak ada pembayaran, sulit diharapkan untuk dapat ditagih dan bermasalah (sengketa/peradilan). Besarnya penyusutan 100%
4. Trade Receivables from Non-Government:
i. Current receivables, aged less than a year and the payment is current. 0% Provision
ii. Non-current receivables, aged more than a year and there is payment but not smooth. 15%
Provision
iii. Doubtful receivables, aged than a year, no payment and collections is uncertain. 50%
Provision
iv. Bad debts, aged more than a year, no payment, collection is difficult and problematic (dispute/ trial).
100% Provision
Piutang usaha Entitas Anak digunakan sebagai jaminan atas fasilitas pinjaman yang diperoleh dari kreditur (Catatan 17 dan 23).
Trade receivables of Subsidiaries are pledged as collateral to the loan facilities obtained from creditors (Notes 17 and 23).
Manajemen berkeyakinan bahwa penyisihan penurunan nilai cukup untuk menutup kemungkinan kerugian yang timbul dari tidak tertagihnya piutang usaha.
Management believes that the allowance for impairment is adequate to cover possible losses that may arise from the uncollectibility of trade receivables.
7. PIUTANG LAIN-LAIN 7. OTHER RECEIVABLES
Rincian akun ini adalah sebagai berikut : The details of this account are as follows:
2018 2017
PSO PSO
Piutang pegawai 112.581.204 154.301.618 Due from employees
Lain-lain 109.056.484 364.761.724 Others
Sub total 221.637.688 519.063.342 Sub total
Komersial Commercial
PIB 47.049.934.297 47.049.934.297 PIB
Klaim kepada perusahaan pelayaran 35.232.540.052 - Claim to shipping line
Petani tebu 17.523.269.237 16.769.379.046 Cane farmers
Jasa angkutan 4.035.639.184 1.433.062.576 Service freight
Lain-lain 12.851.235.423 11.950.983.900 Others
Sub total 116.692.618.193 77.203.359.819 Sub total
Total 116.914.255.881 77.722.423.161 Total
Dikurangi: cadangan penurunan nilai (65.384.360.238 ) (57.081.850.827 ) Less: allowance for impairment
Neto 51.529.895.643 20.640.572.334 Net
Mutasi cadangan penurunan nilai adalah sebagai berikut: Movements in allowance for impairment are as follows:
2018 2017
Saldo awal 57.081.850.827 48.541.939.047 Beginning balance
Penambahan (Catatan 29) 8.617.027.942 8.539.911.780 Provision (Note 29)
Pemulihan (314.518.531 ) - Recovery
Saldo akhir 65.384.360.238 57.081.850.827 Ending balance
Manajemen berkeyakinan bahwa penyisihan penurunan nilai cukup untuk menutup kemungkinan kerugian yang timbul dari tidak tertagihnya piutang lain-lain.
Management believes that the allowance for impairment is adequate to cover possible losses that may arise from the uncollectibility of other receivables.
8. UANG MUKA 8. ADVANCES
Uang muka terdiri dari: Advances consist of:
2018 2017
PSO PSO
Manajemen 8.851.681.188 17.439.074.153 Management
Pengadaan 1.273.414.389 1.163.487.038 Procurement
Eksploitasi 460.010.702 1.139.596.563 Exploitation
Lain-lain 1.392.966.000 2.791.526.283 Others
Sub total 11.978.072.279 22.533.684.037 Sub total
Komersial Commercial
Manajemen 8.139.769.349 3.212.205.512 Management
UB Ujastasma 80.625.303 200.077.040 UB Ujastasma
UB Opaset 76.730.944 21.765.519 UB Opaset
Sub total 8.297.125.596 3.434.048.071 Sub total
Total 20.275.197.875 25.967.732.108 Total
Akun ini merupakan pemberian uang muka operasional divre-divre, kantor pusat dan unit bisnis pada tanggal 31 Desember 2018 dan 2017.
This account represents operational advances in regional division, head office and business unit as of December 31, 2018 and 2017.
9. PEKERJAAN DALAM PROSES 9. WORK IN PROGRESS
Akun ini adalah pekerjaan pengangkutan yang masih dalam proses. Pada tanggal 31 Desember 2018 dan 2017 total pekerjaan dalam proses masing-masing sebesar Rp 59.187.115.471 dan Rp 93.513.729.982.
This account represents freight services in process. As of December 31, 2018 and 2017, the amount of work in process amounted to Rp 59,187,115,471 and Rp 93,513,729,982, respectively.
10. PERSEDIAAN 10. INVENTORIES
Rincian persediaan adalah sebagai berikut: The details of inventories are as follows:
2018 2017
Barang dagangan 23.990.529.688.128 11.057.204.249.241 Goods inventories
Barang dalam perjalanan 508.117.971.305 1.363.292.171.334 Goods in transit
Barang pelengkap/pembantu 229.704.452.386 176.946.920.567 Complementary goods
Barang dagangan dalam proses 3.285.543.456 23.336.690.027 Work in process
Sub total 24.731.637.655.275 12.620.780.031.169 Sub total
Dikurangi: cadangan penurunan nilai (18.648.844.786 ) - Less: allowance for impairment
Total 24.712.988.810.489 12.620.780.031.169 Total
10. PERSEDIAAN (lanjutan) 10. INVENTORIES (continued)
a. Barang dagangan a. Goods inventories
2018 2017
PSO PSO
Beras 16.513.686.731.178 6.208.248.665.610 Rice
Gabah 101.806.091.288 43.702.724.598 Grain
Sub total 16.615.492.822.466 6.251.951.390.208 Sub total
Komersial Commercial
Gula pasir 4.668.353.482.125 3.472.474.493.944 Refined sugar
Daging 1.035.222.257.139 1.120.338.878.028 Beef
Beras 1.520.245.663.394 99.846.197.428 Rice
Jagung 120.577.367.462 93.766.948.616 Corn
Minyak goreng 29.047.106.046 14.546.074.952 Cooking oil
Terigu 1.272.989.218 869.975.617 Wheat
Bawang 102.814.745 3.314.969.428 Onion
Lain-lain 215.185.533 95.321.020 Others
Sub total 7.375.036.865.662 4.805.252.859.033 Sub total
Total 23.990.529.688.128 11.057.204.249.241 Total
b. Barang dalam perjalanan b. Goods in transit
2018 2017
Barang dagangan Goods inventories
Gula pasir 270.808.582.353 579.872.067.542 Refined sugar
Beras 202.298.217.355 775.261.908.532 Rice
Jagung 16.825.841.056 1.186.923.708 Corn
Bawang 15.109.479.491 237.241.705 Onion
Daging 2.187.254.432 2.233.686.173 Beef
Minyak goreng 289.767.214 3.199.703.179 Cooking oil
Terigu 545.000 168.452.310 Wheat
Barang pelengkap/ pembantu Complementary goods
Karung pembungkus 598.284.404 1.132.188.185 Packaging sacks
Total 508.117.971.305 1.363.292.171.334 Total
c. Persediaan barang pelengkap/ pembantu c. Complementary goods inventories
2018 2017
PSO PSO
Karung pembungkus 187.897.327.422 133.187.544.904 Packaging sacks
Obat-obatan - 3.979.314 Medicines
Sub total 187.897.327.422 133.191.524.218 Sub total
Komersial Commercial
Karung pembungkus 22.285.324.356 16.430.665.333 Packaging sack
Bahan kimia 10.894.328.961 7.470.482.484 Chemicals
Obat-obatan (PQC) 3.502.792.188 4.018.385.143 Medicines (PQC)
Sub total 36.682.445.505 27.919.532.960 Sub total
Penggilingan (pihak ketiga) Milling (third parties)
Karung pembungkus 5.124.679.459 15.835.863.389 Packaging sacks
Total 229.704.452.386 176.946.920.567 Total
d. Persediaan barang dagangan dalam proses d. Work in process
2018 2017
PSO PSO
Beras 353.678.400 23.127.722.637 Rice
Gabah 192.790.716 208.967.390 Grain
Sub total 546.469.116 23.336.690.027 Sub total
Komersial Commercial
Gula pasir 2.739.074.340 - Sugar
Total 3.285.543.456 23.336.690.027 Total
Mutasi cadangan penurunan nilai adalah sebagai berikut: Movements in allowance for impairment are as follows:
2018
Saldo awal - Beginning balance
Penambahan (Catatan 29) 18.648.844.786 Provision (Note 29)
Saldo akhir 18.648.844.786 Ending balance
Berdasarkan penelaahan terhadap kondisi persediaan di akhir tahun, manajemen berkeyakinan bahwa persediaan dapat direalisasi pada nilai tercatatnya.
Based on the review of the condition of the inventories at their end of the year, management believes that the inventories can be realized at their net carrying values.
Pada tanggal 31 Desember 2018 dan 2017, persediaan tidak diasuransikan.
As of December 31, 2018 and 2017, inventories are not covered by insurance.
Berdasarkan instruksi Presiden RI Nomor 5 Tahun 2015 tanggal 17 Maret 2015 bahwa Harga Pembelian Pemerintah (HPP) untuk Gabah Kering Giling (GKG) senilai Rp4.650/Kg dan Beras senilai Rp7.300/Kg.
Based on instructions from President No. 5 year 2015 dated March 17, 2015 the government purchase price (HPP) for Dry Grain Milled (GKG) amounted to Rp4,650/kg and Rice amounted to Rp7,300/kg.
Selanjutnya terdapat fleksibilitas Harga Pembelian Pemerintah (HPP) untuk Gabah Kering Giling (GKG) dan Beras yang dikeluarkan berdasarkan surat Menteri Badan Usaha Milik Negara Republik Indonesia dengan tetap mengacu kepada instruksi Presiden RI Nomor 5 Tahun 2015 tanggal 17 Maret 2015.
Furthermore, there is flexibility in the Government Purchase Price (HPP) for Dry Grain (GKG) and Rice issued under the letter of the Minister of State-Owned Enterprises of the Republic of Indonesia with reference to the instructions from President of the Republic of Indonesia No. 5 Year 2015 dated March 17, 2015.
Persediaan Perum BULOG dan Entitas Anak tertentu digunakan sebagai jaminan atas fasilitas pinjaman yang diperoleh dari kreditur (Catatan 17 dan 23).
The inventories of Perum BULOG and Subsidiaries are pledged as collateral to the loan facilities obtained from creditors (Notes 17 and 23).