Professional Documents
Culture Documents
2014 PGN Annual Report
2014 PGN Annual Report
8
10
14
16
18
20
4 The Story of PGN
The Story of
a Country that is Moving
Ahead for Progress.
Jakarta, DKI Jakarta | Thanks to
the effort made by the Government
of Indonesia to improve its public
transportation facilities, people now
have the benefit of easy, inexpensive
and efficient transportation to their
work place. This is thanks to the
Transjakarta systems gas-powered bus
fleet. Currently, 80% of Transjakarta
buses are fueled by gas that is
supported by PGNs infrastructure.
Minibus driver : Mr. Syarif
600
543
500
474
411 400
363
327 335
300
285
228 226 200
100
0
2008 2009 2010 2011 2012 2013 2014 2015 2016
SOURCE: STATISTICA
*Source: Bisnis.com
8 The Story of PGN
The Story of
92 Thousand Residential
Customers.
There use of natural gas in households
in Indonesia is increasing, and PGN
is expanding its gas distribution
networks to meet household energy
needs. Currently, more than 92,000
households in Indonesia use natural
gas from PGN. In 2014, PGN launched
the Sayang Ibu program, which is
targeting an increase of 1 million
customers.
5,000,000
4,750,000
4,250,000
4,000,000
SOURCE: PGN
The expansion of the distribution network Natural gas will enhance Indonesians
to households is an important element love of cuisine and their appreciation
of PGNs downstream strategy, given the for a safe and convenient way to cook,
underpenetration of gas in this market particularly among families newly
and the strong potential for growth. entering the middle class, which will
double in size over the next five years*.
11 34 700 32.3%
total shale gas
reserves in fasken field,usa
SERVICE AREA
AS % OF TOTAL
OF *
PROVINCES
in indonesia bcf
*Proven Developed and Undeveloped Reserves
6,161
KM PIPELINE 54 MILLION+
HOURS
TOTAL ACCIDENT
FREE HOURS
1,509 37.5
HUMAN RESOURCES
MEDIAN AGE
EMPLOYEES
EXPERIENCED
987,422
13.6
WORKFORCE
LSP DELIVERED
POWERING
9.8 MILLION
AVERAGE YRS.
EMPLOYMENT KILOMETERS
*(ASSUME 1 LSP/10 KM)
*
11.7
U$D
million
fund distributed
U$D
12.55
fund distributed
million
INDONESIA
3,815
ELECTRIFICATION RATIO CHANGE IN GDP (PPP) PER CAPITA
2009-2019
80.51% 80%
COVER
COLLEGES AND
SOURCE : HANDBOOK OF ENERGY & ECONOMIC
STATISTICS OF INDONESIA 2014, KEMENTERIAN ESDM
UNIVERSITIES
SOURCE: BADAN PUSAT STATISTIK
SOURCE: IMF
FORECAST
6.1% FORECAST
SOURCE: IMF FORECAST
FOR 2015:
2014 RATE OF
UNEMPLOYMENT 5.8 %
856 36
INDONESIAS 2014 GDP
INCREASE IN
%
BILLION
POPULATION
COMPLETING
HIGH SCHOOL
FORECAST TO EXCEED $1 TRILLION BY 2017
SOURCE: INTERNATIONAL MONETARY FUND
2004-2013
3,404 4,559
U$D
U$D
SOURCE: IMF FORECAST
2014 2019 in by
proved
6,366
103 .3
RESERVED NATURAL GAS
CNG POWERED
RESOURCEFUL
TRILLION
GOAL TO GROW BY 2020 TO:
1,500,000
CUBIC FEET
SOURCE: BP STATISTICAL REVIEW OF WORLD ENERGY, JUNE 2014
14 The Story of PGN
1,050
1029.78
1,000
990.44
950 958.17
927.10
900
The Story of
Growing Consumer Base.
Karawaci, Banten | Household
consumption is one of the key
drivers of Indonesias economy.
More than 60% of the supply of
natural gas is used by power plants
to supply electricity to homes,
supermarkets, hypermarkets,
shopping malls, small shops,
restaurants, hotels, automotive
showrooms, bakeries, cafes, furniture
stores and anywhere people shop.
16 The Story of PGN
EDUCATION LEVEL
% OF POPULATION HIGH SCHOOL GRADUATES AND ABOVE
NON-FORMAL EDUCATION
35%
SOURCE: WORLD BANK
30%
25%
20%
15%
10%
5%
0
2001 2004 2007 2010 2013
The Story of
Educational Progress.
Bojonegara, West Java | The future
of Indonesia is shaped by this kind of
classroom. PGN has taken initiative to
contribute to improving the quality of
education in Indonesia. Measures have
been taken to develop educational
facilities and infrastructure in areas
where PGN operates.
PGNs activities include building
schools, conducting summer camps for
exceptional students, supporting local
art and cultural activities, and providing
trainings and scholarships for teachers.
For PGN, these programs are something
we do to ensure that the story of
Indonesia will never end.
17 Is the Story of Indonesia
HYDRO 9%
RENEWABLE ENERGY 6%
01
Highlights of 2014
Performance
24 Highlights of 2014 Performance PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
financial highlights
FINANCIAL RATIOS
CURRENT RATIO (%) RETURN ON EQUITY (%) RETURN ON INVESTMENT (%)
6 80 35
33.42
5.50 70 30 31.71 30.94
5 68.50
60 60.86 25 25.95
4 4.19 56.80
50
20
3.44 18.68
3 40 43.09
15
30 32.26
2 2.01 10
1.71 20
1 5
10
0 0 0
2010 2011 2012 2013 2014 2010 2011 2012 2013 2014 2010 2011 2012 2013 2014
6,000
5,500
5,000
4,500
4,000
3,500
3,000
2,500
2,000
2009 2010 2011 2012
25 Highlights of 2014 Performance PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
FINANCIAL RATIOS
2014 2013* 2012 2011* 2010**
(Audited) (Audited) (Audited) (Audited)
Gross Profit Ratio (%) 42.97 47.23 57.06 60.17 63.46
Net Profit Margin (%) 21.20 26.80 34.53 30.52 30.81
Margin EBITDA (%) 34.06 37.33 46.86 48.35 54.31
Net Debt/EBITDA (X) 0.50 0 0 0 0.16
EBITDA/Interest Expense(X) 15.36 51.25 56.04 38.91 28.72
EBITDA/(Interest Expense + Principal) (X) 6.47 8.42 11.75 2.43 9.60
Current Ratio (%) 170.62 200.93 419.63 550.22 343.59
Debt to Equity Ratio (%) 63.87 38.41 39.86 58.12 86.15
Debt to Total Asset Ratio (%) 30.45 23.76 24.02 32.12 40.18
Return on Investment (%) 18.68 25.95 30.94 31.71 33.42
Return on Equity (%) 32.26 43.09 60.86 56.80 68.50
ROCE (%) 20.23 25.25 30.92 30.02 32.51
Price Earning Ratio (X) 16.39 11.21 13.11 12.63 18.01
Price to Book Value (X) 4.28 3.62 5.32 4.96 7.98
STOCK DATA
2014 2013* 2012 2011* 2010**
(Audited) (Audited) (Audited) (Audited)
Weighted Average 24,241,508,196 24,241,508,196 24,241,508,196 24,241,508,196 24,239,658,196
Common Shares Outstanding (share) 24,241,508,196 24,241,508,196 24,241,508,196 24,241,508,196 24,241,508,196
Net Income (loss) per share 0.03 0.03 0.04 0.03 0.03
* Restated
** Restated: conversion in 2010 Financial Statement (audited) from Rupiah to USD
DEBT TO EQUITY (%) EBITDA (MILLION USD) PRICE EARNING RATIO (%)
100 1250 20
0 0 0
2010 2011 2012 2013 2014 2010 2011 2012 2013 2014 2010 2011 2012 2013 2014
60,000 VOLUME
50,000 PGAS
IHSG
40,000
30,000
20,000
10,000
0
2013 2014
26 Highlights of 2014 Performance PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
6,050
1,680 1,684.13 93,000
1,677.98
6,000 5,997
1,660 91,590
1,660.72 91,000
90,364 5,950
1,640 1,640.76 89,000 89,053
5,900 5,910 5,912
88,326
5,883
1,620 87,000 5,850
1,600 85,000 5,800
0 0 0
2010 2011 2012 2013 2014 2010 2011 2012 2013 2014 2010** 2011* 2012 2013 2014
PGAS share price movement in 2014 opened at Rp4,600 and closed at end of year at Rp6,000. PGASs price
was at its peak on 21 November 2014, when it was traded at Rp6,225 and made the highest closing price of
Rp6,175 in 19-20 November 2014. As of 31 Descember 2014, PGAS was one of the Top 8 largest companies with
market capitalizations among publicly listed companies in the Indonesia stock exchange and was one of the
Top 4 state owned enterprises largest of companies with market capitalizations of Rp145.44 trillion.
01
02
02
02
Bayu Krisnamurthi
President Commissioner
Dear Shareholders,
PGN took several steps further towards becoming a world-class gas company in
2014. The Company continued to pursue its long-term strategy of progressive
investment in various fields in order to build a balanced energy business with
a strong presence upstream, downstream and midstream, while leading the
development of the infrastructure and technology that will enable Indonesia
to benefit from the vast potential of gas in future.
30 Report to the Shareholders PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
of natural gas as one of Secondly, the Company has moved decisively into
Indonesias energy pillars. the LNG business. With potentially abundant
global supplies availableincluding from
FaskenLNG will play an increasingly important
role in supplementing the Indonesias domestic
natural gas sources. With the commissioningof
Assessment of the Board of Directors the second FSRU facility in Lampung in 2014,
Performance PGN has established a major presence in the LNG
The Board of Directors successfully steered the business in Indonesia, and the Company is now
Company through some tough challenges during refining innovative technologies that will bring
in 2014, meeting the targets set for the year and the benefits of LNG to an increasing
delivering a 5% increase in sales volume and a number of off-pipeline locations across the
13.6% increase in revenue growth. This year saw archipelago. We believe that gas, by powering
a very significant increase in the contribution of electricity generation and industry, household and
the upstream business to the Companys revenues, transportation, has a key role to play in boosting
which serves as a strong endorsement of our regional economic growth.
strategy of investing in balancing the business.
Also high on our strategic agenda is the
To continue creating value over the long term, development of gas infrastructure to enable
it is critical that the Company becomes more conversion to gas to take place on a much
independent with regard to sources of gas supply. broader scale than has hitherto been possible.
The Company has progressed this strategy on This is closely aligned with the Governments
two fronts. energy policy, which envisages greater domestic
utilization of natural gas as an alternative to oil,
Firstly, through strategic investment upstream. not least to wean the country off the costly fuel
In 2014 the Company made its first investment in subsidies that have contributed to the current
an overseas asset with the acquisition of a 36% account deficit. We were gratified that the
ownership stake in the Fasken shale gas field in Government has recognized PGNs leadership in
the USA through our upstream subsidiary, PT Saka this regard, and has entrusted the Company with
Energi Indonesia (SEI). This was part of a carefully the construction of the highly strategic
managed expansion that also saw SEI acquire Kepodang- Tambaklorok pipeline, the first phase
assets in the Pangkah and South East Sumatera of the Kalija pipeline that will eventually link
blocks as well as Fasken in 2014. SEI is now the Kalimantan and Java.
operator of one producing and one exploration
31 Report to the Shareholders PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
02
Dear Shareholders,
The strategic growth of our new business is currently being absorbed by the power sector,
portfolio is closely aligned with PGNs vision of but we will begin to address other markets in the
establishing itself as a world class player in gas coming year.
utilization. As we came to the end of the first
long-term planning phase towards attaining PGNs downstream subsidiaries all generated
this goal in 2014, we are pleased to report that profits in 2014 and have continued to deliver on the
achievements are ahead of the plan. Companys commitment to promote the utilization
of natural gas in order to reduce the nations
In 2011 we embarked on a strategy to reliance on oil.
aggressively address the upstream business in
order to ensure growth while strengthening We faced a number of challenges during the year.
the Companys participation across the gas Given the prevailing conditions in the Country,
value chain. In just three years we have already with rising electricity and fuel prices alongside
established a significant position in the impending elections, we felt it prudent to defer
upstream sector, with six assets in Indonesia any price increases. This had an impact on our
(two of which are producing) and an interest in overall performance; on the upside, however, it
a producing shale gas block in the US, acquired served to strengthen our rapport with customers.
in July 2014. Our participation in US shale gas This is characteristic of the Companys long-term
is an important development in our long-term perspective, preferring sustainable value creation
strategy to gain exposure to this growing over short-term gains.
sector. SEI, PGNs upstream subsidiary, is rapidly
establishing itself as an operator as well as an The allocation of gas supply remains a challenge
investor, with operatorships in one producing for PGN. Under the new administration, however,
and one exploration block. we have seen some improvement with regard
to the management of gas allocation at the regional
In the infrastructure sector, the commissioning level. We also believe that the new administration
of our second Floating Storage Regasification is more receptive of our positionwhich is that the
Unit (FSRU) in Lampung marked a major strategic allocation of limited resources should be made
milestone for the Company as LNG is set to play on more fair and transparent grounds, for example
an increasingly important role not only in the by using allocation as a tool to incentivise
growth of our business but in Indonesias overall infrastructure development.
energy landscape. The supply volume from LNG
from Lampung and our first FSRU in Jakarta Bay
36 Report to the Shareholders PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
We also need greater commitment from the in industrial areas by installing branch line
Government regarding conversion of vehicles connections, the cost of which is shared by the
to LNG. As detailed later in this report, we developer of the industrial area. New residential
have made great strides towards making LNG developments, particularly vertical housing
a viable fuel, particularly for public transport, developments, are also targets for pipelines. In
but our greatest challenge is the lack of any addition, we have taken over the operation of
real incentive to convert. Synchronized policies some 8,000 new household gas connections
on supply, price, infrastructure and incentives developed by the Government in various areas
will be required to generate the momentum including Jakarta, Bogor and Cirebon.
for large-scale conversion. We are also looking into the use of nonpipeline
modes such as Compressed Natural
business prospects Gas (CNG) and Adsorbed Natural Gas (ANG), to
Growing Natural Gas Consumption accelerate penetration. CNG is already being
One of the new Presidents first actions upon supplied to several hundred customers in
taking office was to mandate the greater use residential clusters in Semarang, while we are
of gas as support of the strategy to strengthen currently refining the technology to make ANG
energy security, reduce dependence on oil and commercially viable. We are targeting an 18%
ease the burden on the National Budget caused growth in our household customer base in 2015
by fuel imports. PGN is fully support this energy to almost 110,000 customers.
conversion program, having already made
substantial investments in recent years to bring Over the last two years PGN has been leading
the benefits of natural gas to a broader base of the way in promoting gas as a cheaper,
customers, from the power generation sector, cleaner and more sustainable alternative to
industry, household and transportation. petroleum-based fuels, particularly in the
public transportation sector. Thanks to the
Urban households in Indonesia are still largely Companys substantial investments in research,
reliant for their cooking and water heating development and infrastructure, gas is now a
needs on LPG. LPG prices, being linked to the viable solution. PGN has now opened several
price of oil, are volatile, and almost half of gas filling stations in the Greater Jakarta area,
national consumption needs are imported. Our including mobile refuelling units, and converted
target is to connect 1 million households to all its operational vehicles to gas. We are also
natural gas, which offers a cheaper, safer and working with Pertamina to install natural gas
cleaner energy solution. This is an ambitious dispensers in gasoline filling stations that are
goal, given that we currently have less than close to our pipelines. The Government has
100,000 household customers, but one that we now matched the Companys commitment by
believe is achievable. allocating a portion of the countrys natural
gas production for use in vehicles, which
The principal hurdle is the high cost of encourages us to step up our efforts to promote
investment, particularly the challenging last conversion. Large-scale conversion, however,
mile connection. PGN is therefore exploring calls for synchronized policies and a clear plan,
innovative and cost-effective ways to connect assurances on both supply and demand, and
industry and households to natural gas. For incentives for conversion. PGN will continue
example, we are linking this initiative with to work alongside the Government to make
the development of pipeline infrastructure this happen.
37 Report to the Shareholders PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
PGN also stands ready to support the additional investments will need to be made in
Governments infrastructure acceleration developing land-based LNG facilities to ensure
program by contributing to the expansion of a secure supply. We are working with GDF Suez,
the countrys electricity generation capacity, one of the worlds leading players in LNG,
not only by supplying gas to the power sector to develop options for this scenario.
but also, where feasible, to participate in the
power generating sector ourselves, through By making natural gas economically
our downstream entity, GEI. This will benefit transportable over long distances, LNG
not only PGN but PLN, the Government and significantly opens up the geographical and 02
implementation; all of these were in place by In line with our motto, Energy for Life,
2014. The effectiveness of corporate governance investing in increasing safety, reliability
at PGN is assessed yearly through an and environmental sustainability across our
independent audit. Our 2014 score of 92.061 operations is a core priority and a key element
(very good) continued the upward trend of of our responsibility to the communities in
improvement over the last three years. which we operate as well as to our customers,
employees, business partners and shareholders.
Social Responsibility, Safety and Environment We are working to embed a safety culture
In the interests of sustaining the Companys through raising hazard awareness and training 02
performance over the long term and being on safety across the business and have
a responsible corporate citizen, PGN has a continued to see improvements in our
strong commitment to building goodwill and safety performance.
trust by minimising any adverse impacts of
our operations on the environment and by Several initiatives have been introduced
engaging proactively with our stakeholders, to reduce energy consumption and costs,
including the communities close to our areas including energy audits and a company-wide
of operation. transition to green energy, beginning with
the use of solar cells for outside lighting and
PGNs corporate responsibility is built around repeater towers and the conversion of our fleet
empowering people and communities, of operational vehicles to gas.
particularly through economic empowerment
and education. PGN has a strong track record of Outlook
supporting micro enterprises, many of which We will continue to monitor movements
have grown to become important drivers of in the oil price and the implications for our
their respective economies. By continuing business. However, we believe that it
to focus on traditional artisan enterprises should not unduly influence our long-term
such as hand-woven sulam cloth, batik and infrastructure development program and
bronze jewellery, we are not only empowering capital expenditure will therefore proceed as
local communities but contributing to the planned. We will also closely monitor potential
preservation of Indonesias cultural heritage at upstream opportunities.
the same time.
Our business is closely aligned with the
Thousands of students are benefiting from Governments energy objectives: conversion to
our education program. More than 1000 natural gas has been identified as one of the
scholarships were awarded to college students key measures to reduce the current account
at 15 universities in 2014, while many more deficit by reducing dependence on oil imports.
children were able to learn in more conducive The Presidents recent inauguration of several
conditions thanks to our school building PGN projects also sends a strong signal of
renovation program.
40 Report to the Shareholders PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
Closing
In 2014 PGN reinforced the foundations for the
next phase of long-term, sustainable growth.
This would not have been possible without
the full commitment of all our employees. Id
like to thank them, as well as the Government,
our customers and business partners, for their
continued support.
STATEMENT LETTER
MEMBERS OF THE BOARD OF COMMISSIONERS
AND THE BOARD OF DIRECTORS
REGARDING
RESPONSIBILITY FOR THE CONTENT OF
THE ANNUAL REPORT 2014 02
HENDI PRIO SANTOSO Mochtar RIZA PAHLEVI TABRANI bayu krisnaMURTHI A. edy hermantoro
muhammad wahid sutopo jobi triananda hasjim pudja sunasa widya purnama
The Floating Storage and Regasification Unit (FSRU) Lampung was
commissioned by PGN LNG in 2014 in the waters of Lampung Timur District,
Lampung Province, with a capacity of 240 MMSCFD. FSRU Lampung will help
ensure the supply of gas in Java and Sumatera.
Pursuant to Government Regulation No. 19/1965
(PP No. 19/1965), Perusahaan Gas Negara (PGN)
is a legal entity that has the right to execute its
business independently with the scope of
business covers the gas supply for power and
industry, primarily to improve the quality of life
of society.
03 03
Company Profile
DATE OF ESTABLISHMENT
13 May 1965
SBU Transmisi
SBU I SBU II SBU III
Sumatera - Jawa
03
PT PGAS
PT Gagas Energi PT Transportasi PT Saka Energi
100% 99.93% Telekomunikasi 59.87% 100%
Indonesia Gas Indonesia Indonesia
Nusantara
PT Permata
PT PGN LNG PT PGAS Graha PT Nusantara
100% 99.91% 100% 40%
Indonesia Solution Nusantara Regas
(PERMATA)
PGN has three distribution sales areas (SBU I, II, III) and one transmis- Strategic Business Unit (SBU)
sion service area (SBU Sumatera-Jawa Transmission) as well as eight
Subsidiaries
subsidiaries which engage in various lines of businesses.
Associated Entities
46 Company Profile PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
established a subsidiary in the stock trading code PGAS. by the gas commercialization from
the business of Transmission, Pertaminas Pagardewa gas field
namely PT Transportasi Gas through the South Sumatera-West
Indonesia (TGI). Java pipeline to a Company customer
in Cilegon (PT Krakatau Daya Listrik).
On 25 October 2007, Minister of SOE
inagurated SSWJ pipeline phase II for
Grissik - Pagardewa segment.
MAS
commitment to service
2012 2014
PGN established a PGN established
subsidiary company, subsidiary company
PT PGN LNG Indonesia (PGN LNG). PT Permata Graha Nusantara
The scope of PGN LNG business (Permata). The scope of Permatas
among others are procuring LNG and business among others covers
natural gas supply, deviation activity property management, manpower
including regasification to the buyer, outsourcing services, management
as well as other business activities. facilities, and profitization of
companys resources and assets.
48 Company Profile PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
Business Activities
In accordance with the Articles of Association of As a State-Owned Company that engages in natural gas
PT Perusahaan Gas Negara (Persero) Tbk as most transmission and distribution, with reference to the Oil
recently amended by Deed No. 11 dated 6 April and Natural Gas Law No. 22 year 2001 which requires the
2011, PGNs lines of businesses are: separation of upstream and downstream entities, PGN
focuses on the downstream business, namely connecting
1. Planning, construction and development Natural Gas Producers with Natural Gas Users.
of natural gas downstream business which
covers processing, transportation, storage and In the interests of the management, PGN has divided its
commercial activities. operational activity into 4 (four) main business segments,
2. Planning, construction and development namely:
of production, supply, channeling 1. Transmission/Transportation Business,
and distribution of manufactured gas 2. Distribution/Commercial Business,
(hydrocarbon gas). 3. Oil and Gas Upstream,
3. In addition to the core business, the Company 4. Other Business Segments (Construction and
may engage in other ancillary businesses Maintenance Services, LNG, Fiber Optic Capacity and
that are directly related to and/or support its Property Rental).
core business, in accordance with prevailing
laws and regulations. Based on PSAK No. 5 (as revised in 2009) regarding
operational segment, for the purpose of management
assessment and reporting, starting in 2013 the Company
also reported oil and gas activities as a business segment
of the Company. This is inline with the upstream business
strategy which has been conducted since 2011.
BUSINESS STRUCTURE
Transmission Off-Taker
03
Gas
Source
Compressor
Station
PGN has four business segments. 85.35% of PGNs revenue comes from its distribution business,
8.74% from oil and gas, 5.47% from the trasmission business and 0.44% from other business segments.
50 Company Profile PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
MEDAN
AREA
SBU III
Medco E&P Lematang
Lematang PSC
36.04 BSCF
Pertamina EP Asset 1
Field P. Susu Grissik
55.07 BSCF Station
Pertamina EP Asset 1
Sumur Benggala-1
2.19 BSCF
FSRU Lampung
9 BSCF
AREA
SBU I
DURI
400 MMScfd
Transmission Pipeline Labuhan
Grissik - Duri Maringgai
Station
ConocoPhillips
Coridor PSC
2,623.64 BSCF
Station
LAPINDO BRANTAS
BRANTAS PSC
112.58 BSCF
PERTAMINA EP
ASSET 3
19.53 BSCF
AREA
SBU II
AREA
SBU I BBG & WNE, IKD SNR
AREA (Gas Ex-TSB)
SBU II 158.56 BSCF
Muara Bekasi
Station
GAGAS ENERGI INDONESIA SANTOS
(Gas-ex WMO PSC) MADURA OFFSHORE PSC
7.44 BSCF 351.00 BSCF
Bojonegara
Station
AREA
SBU II
52 Company Profile PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
PT Perusahaan Gas Negara (Persero) Tbk. supplies domestic natural gas to all segments. Using natural gas sources
from Indonesia, PGN together with its Subsidiaries conducts the complete energy chain from oil and gas exploration,
transmission and distribution all the way to PGN customers. The natural gas that PGN distributes constitutes as an
environmentally friendly and economical source of energy by power plants and public transportation to household
needs such as cooking.
2 Compressor
Station
1 Gas
Source
Compressor Station to increase the gas
pressure in the pipelines.
Natural gas reserve in
Indonesia is sizeably
bigger than oil reserve.
2 Liquifaction
Facility
Liquifaction Facility to
convert LNG to readily
distributed natural gas.
4 Floating Storage
Regasification Unit (FSRU)
5
Tower Yoke
53 Company Profile PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
9 Power
Plant
Power plant which is powered
by natural gas can operate more
efficiently and environmently more
friendly.
9 Industrial
Customers
Efficient yet eco-friendly energy
source to increase the competitive
advantages for our Industrial
Segment Customers.
03
7 9 Commercial
Customers
Natural gas became the essential
energy source for hotels, restaurants,
hospitals, and also industrial estates.
Metering
Regulating
Station
9 Residential
Customers
Natural gas has huge benefits for
Residential customers due to its
efficiency.
SPBG
9 Gas Filling
Station
PGN operate Gas Filling Station at Pondok Ungu
Bekasi, Ketapang Jakarta, Bogor and also MRUs
at Monas Jakarta and Pluit Jakarta.
8 CNG Station
9 Mobile Refueling
Unit (MRU)
Mobile Refueling Unit (MRU) is the solution for
gas filling station for transportation with CNG
6 On Shore Receiving
Facility (ORF)
technology. It also can be the source natural gas
in the clustered area.
ORGANIZATION STRUCTURE
PT. PERUSAHAAN GAS NEGARA (Persero) Tbk.
President Director
HENDI PRIO
SANTOSO
Information
Technology and Gas Supply Corporate Finance
Communication Division Division Division
ROEDY IVANNA LAKSMINI
SHIRLEY SHINTA
POERWANTO DEVI
Corporate Social
Coordinator of Responsibility
Infrastucture Division Division
MUGIONO ENIK INDRIASTUTI
Operation Division
WILLY ROSWALDI
FERONICA YULA
WARDHANI
CORPORATE
OPERATIONAL UNIT /
PROJECT TRANSMISSION
PROJECT AND
DISTRIBUTION
55 Company Profile PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
03
Corporate Secretary
Organization & Business Strategic Planning
Process Division Division
HERI YUSUP
SURJADI HARIMANTO
RACHMAT
WING ANTARIKSA NUSANTARA SUYONO HUTAMA
Transformation and
Logistics Division Corporate
Performance Control
Division Communication Unit
SUPRIJANTI CHAEDAR RIDHA ABABIL
Strategic
Management Unit
ANTONIUS ARIS
SUDJATMIKO
Company
Secretariat
DESIMA E. SIAHAAN
As of 31 December 2014
56 Company Profile PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
Vision
To be a world class energy
company in the gas sector
by 2020.
57 Company Profile PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
03
The Companys Vision and Mission have been approved by the Board of Directors,
as established in the Decree of the Board of Directors of PT Perusahaan Gas Negara (Persero)
Tbk No: 000303.K/HM.03/UT/2015 dated 8 January 2015.
58 Company Profile PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
Indonesian citizen, born on 7 October 1956 (58 years old). He first joined the
Company as Commissioner on 27 March 2014. He holds a Bachelor Degree in
Geological Engineering from UPN Veteran Yogyakarta and a Master Degree
in Business Policy from University of Indonesia. His last working experience
was as General Director of Oil and Natural Gas at the Ministry of Energy
and Mineral Resources until 2014.
widya purnama He has no affiliation with any members of the Board of Directors or other
Independent Commissioner members of the Board of Commissioners, or the major and/or controlling
shareholder.
60 Company Profile PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
Indonesian citizen, born in Jakarta on 5 February 1967 (47 years old). He graduated and holds
degrees in Finance and Economics from the University of Houston, Texas and Economics
from the University of Texas Austin, USA.
He was appointed to his second term as the President Director of the Company on 22 May
2012. Previously he served as the President Director starting 13 June 2008. Previous to that,
he was appointed as Finance Director on 31 May 2007. Prior joining the Company, he served
as an Investment Banking Director at PT JP Morgan Securities Indonesia (2004-2007). He
started his career at Bank Niaga (1990-1991) and then Citibank NA, Indonesia (1991-1996).
In 1996, he was appointed as Vice President of PT Perdana Multi Finance, then as the
Development Director of PT Perdana Inti Investama (1996-1998). In 1998-2001 he held
position as Associate Director at PT Bahana Securities followed by Director of PT Anugra
Cipta Investa (2001-2004).
HENDI PRIO SANTOSO The legal basis of his first appointment as President Director as PGN was a 2007 AGMS
President Director Resolution dated 31 May 2007, then as the President Director based on Resolutions of the
2008 AGMS and Extraordinary General Meeting of Shareholders (EGMS) dated 13 June 2008.
He was reappointed to be the President Director by the 2012 AGMS dated 22 May 2012. He
has been assigned as a Commissioner of PT Saka Energi Indonesia since 1 March 2014
until the present.
He has no affiliation with any other members of the Board of Directors or any members of
the Board of Commissioners, or the major and/or controlling shareholder.
Indonesian citizen, born in Jakarta on 25 July 1968 (46 years old). He graduated and
holds a bachelor degree in Geological Engineering from the University of Trisakti,
Jakarta in 1994 and earned an MBA Finance degree from Cleveland State University,
USA in 1997. He has served as the Finance Director of the Company since 20 June
2008. Previously, he served as the Acting Head of Corporate Finance Division and
Investor Relations Coordinator since February 2008, as well as Special Advisor to the
President Director with expertise in Corporate Finance and Investor Relations since
May 2007.
Indonesian citizen, born in Jakarta on 18 September 1962 (52 years old). He earn his
Bachelor Degree in Electrical Engineering from STTN, Jakarta in 1991 and a master
degree from University of Manchester, England in 1995.
He has served as the Technology and Development Director of the Company since
22 May 2012. He previously served as the Technical and Operations Director of PGN
subsidiary PT PGAS Solution in 2009 and as Senior Executive Officer of Subsidiary
Management in 2010.
The legal basis of his first appointment to be Technology and Development Director
of PGN was a 2012 AGMS Resolution dated 22 May 2012. He has been assigned as
President Commissioner of PT PGN LNG Indonesia since 1 January 2014
until the present.
DJOKO SAPUTRO He has no affiliation with any other members of the Board of Directors or any
members of the Board of Commissioners, or the major and/or controlling shareholder
Technology and
Development Director
61 Company Profile PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
Indonesian citizen, born in Jakarta on 17 June 1969 (45 years old). He finished his
Bachelor Degree in Electrical Engineering from Bandung Institute of Technology in
1993 and earned a Master Degree in Management (Executive Program) for Internal
Business from Institute of Indonesia Management Development (IPMI Business
School), Jakarta in 2002.
He has served as the Investment Planning and Risk Management Director of the
Company since 6 April 2011. Previously, he was the Companys Corporate Secretary
since January 2009, Group Head of Corporate Planning and Control since October 2010,
and Division Head of Investor Relations since November 2008.
From 2006 until October 2008, he held positions as Senior Vice President & Group
Head Revenue Assurance at PT Indosat Tbk. Between 2001 and 2006 he served as
Vice President & Division Head Investor Relations of PT Indosat Tbk.
m. wahid sutopo The legal basis of his first appointment to be PGNs Investment Planning and Risk
Management Director was a Resolution of the 2011 EGMS dated 6 April 2011. He has
Director of Investment been assigned as President Commissioner of PT PGAS Telekomunikasi Nusantara since 03
Planning and Risk 2010 until the present.
Management
He has no affiliation with any other members of the Board of Directors or any members
of the Board of Commissioners, or the major and/or controlling shareholder
Indonesian citizen, born in Bandung on 6 April 1964 (50 years old). He earned a
Bachelor Degree in Mechanical Engineering from University of Trisakti, Jakarta
in 1988 and a Master of Science Degree in Mechanics of Material from University
of Strathclyde, Glasgow in 1995. He has served as the Commerce and Operations
Director of the Company since 22 May 2012. Previously, he held a position as
Technology and Development Director since 6 April 2011.
From 2008 until 2010 he was General Manager of SBU Distribution Area I Western
part of Java and became Head of SBU Distribution Area I in 2010. He was most
recently the Project Coordinator of Development of Natural Gas Pipeline Network
(PPJPGB). The legal basis of his appointment to be PGNs Commerce and Operations
Director is a Resolution of the 2011 EGMS dated 6 April 2011. He has been assigned as
President Commissioner of PT Transportasi Gas Indonesia since 1 January 2014
until the present.
jobi triananda hasjim
Commerce and Operations He has no affiliation with any other members of the Board of Directors or any
Director members of the Board of Commissioners, or the major and/or controlling
shareholder.
He serves as the HR and General Affairs Director of the Company since 2012.
He was the Head of Marketing in 2009 and became Acting Head of Operations
Division in 2010 and as General Manager of SBU Distribution Area I Western
part of Java, also in 2010.
The legal basis of his first appointment to be PGNs HR and General Affairs
Director is the 2012 EGMS Resolutions dated 22 May 2012. He is currently assigned
as President Commissioner of PT PGAS Solution since 1 January 2014.
HUMAN RESOURCES
COMPETENCE
Competency building for PGN
employees includes numerous
trainings, both in-house and
external. In 2014, PGN carried out
25,115 mandays of training.
63 Company Profile PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
High School
Doctorate Masters Bachelor Diploma
(or equivalent)
Competency Development
PGN has a planned competency development program, sistematic and focused on the Companys business
development. One of the main program that has been consistently held is Education and Training Program that
maintains and improves the quality of all Companys employees.
Every PGNs human resources is demanded to have good competency as needed for his/her position during 2014.
PGN allocates approximately 6 mandays of training for every employee in order to support the development and
fulfillment of human resources competencies gap.
No. Category
1. Education among others:
a. Diploma at PTK AKAMIGAS STAEM-Cepu, 7 programs attended by 59 employees (for the 2013-2014 and 2014-2015 periods)
b. Overseas S2/Postgraduate Program, attended by 6 employees (on-going) and 9 employees in their preparation phase
c. Domestic S1/Undergraduate Program, attended by 4 employees
d. Domestic S2/Postgraduate Program, attended by 6 employees
2. Inhouse Training
a. 6 Mandatory Competency programs attended by 146 employees.
Among others:
ProCISE Training for Change Agent, GCG Implementation and Gratification Control Workshop, ToT for Gratification Control Program,
Entrepreneurship, Achievement, Motivation and Assessment, Simulation Training, Basic for Sales Training for CEPAT Program participants.
b. 44 Managerial Competency programs attended by 953 participants.
Among others:
Manager as HR Manager, Modern Mini MBA, Effective Communication Skill, Conflict Management, Leadership for First Line Management,
Leadership for Middle Management, Business Etiquete & Personality Development, Writing and Communication Skills for Trainers, Winning
Spirit Training, Improving Personal, Effectiveness (Supervisory Management), Business Communication & Negotiation Skills, Problem
Solving and Decision Making, Human Resources Workshop , EDP Session I: Setting the Strategic Mindset, EDP Session II: Maximizing
Commercial Leadership Potential, Presentation and Communication Skills, Business Acumen to Manage Change, Effective Supervisory
Training, Self Empowerment Training, Creative Thinking, Charming Personality.
c. 87 field competency programs attended by 1,847 participants.
Among others :
Technical and Operational Field
Web GIS, Coating Inspector Level 1, Piping & Pipeline Design Fabrication, Inspection, and Maintenance, Marketing Intelligence, Understanding
of AMDAL and UKL UPL Documents, Customer Relation Management, Level D Fire Officers, Certified First Aid Officers from Manpower and
Transmigration Ministry, Authorized Gas Tester, Gas Utilization, K3 Structure Supervision, Total Service Quality, Contact Center, Contact Center
Continued, EPC Project Risk, Office Safety, Cathodic Protection Level 1, Food Sanitation, Project Team Leader Academy, Updating and Improving
Competency Training for Regulator Operator Field, Metering and Marketing, Field Joint Coating Job using Material Heat Shrink Sleeve,
Objection & Handling Customer Complaint, TOT for Safety, Pipeline Integrity Management System, Control Valve, Hearing Conservation,
Energy Management System (SME), Valve, Mercury Management, Contractor Safety Management, Contractor Safety Management (Projek/
PMO), Process Hazard Analysis (PHA), Construction Standard, Metering System: Design, Specification, Installation & Maintenance, Certification
of Operator of Calibration Meter Orifice, Turbin, Rotary and Diaphragma, Project Planning & Control, PE Pipe Operator, First Aid, Fire Fighting,
Basic Sea Survival, Defensive Motorcycle Driving Training, Condition of Contract for EPC/Turnkey Projects
Web GIS, Coating Inspector Level 1, Piping&Pipeline Design Fabrication, Inspection, and Maintenance, Marketing Intelligence, Understanding
of AMDAL and UKL UPL Documents, Customer Relation Management, Level D Fire Officers, Certified First Aid Officers from Manpower and
Transmigration Ministry, Authorized Gas Tester, Gas Utilization, K3 Structure Supervision, Total Service Quality, Contact Center, Contact Center
Continued, EPC Project Risk, Office Safety, Cathodic Protection Level 1, Food Sanitation, Project Team Leader Academy, Updating and Improving
Competency Training for Regulator Operator Field, Metering and Marketing, Field Joint Coating Job using Material Heat Shrink Sleeve,
Objection & Handling Customer Complaint, TOT for Safety, Pipeline Integrity Management System, Control Valve, Hearing Conservation,
Energy Management System (SME), Valve, Mercury Management, Contractor Safety Management, Contractor Safety Management (Projek/
PMO), Process Hazard Analysis (PHA), Construction Standard, Metering System: Design, Specification, Installation & Maintenance, Certification
of Operator of Calibration Meter Orifice, Turbin, Rotary and Diaphragma, Project Planning & Control, PE Pipe Operator, First Aid, Fire Fighting,
Basic Sea Survival, Defensive Motorcycle Driving Training, Condition of Contract for EPC/Turnkey Projects
Financial
International Trade Finance, Balance Score Card, Financial Statement, PSAK 1 rev 3012, 4 rev 2013, 65, 23, 24, 25, Finance for Non Finance,
Treasury Management, PSAK Update 46, 48, 50, 55, 60, & ISAK 26
General and Administrative
Implementation Workshop on BPJS for Health and Employment in PGN, Application Workshop for LMS Oracle Taleo, Procedures for Tender
Evaluation and Negotiation Skills, Retired Planning Program, Fraud Risk Assessment, Creative Writing, Basic Spatial Mapping for PGN Assets,
Tranformation & Breakthrough Seminar, A Half Day Seminar: End of Year Life Reflection.
65 Company Profile PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
No. Category
3. 256 Public Training Programs attended by 796 employees
In Indonesia
Engingeering economics, Taxation aspects of merger, acquisition, and holding. Communication and Psychology Audit, Internal Audit
Advanced Level I, Fraud Auditing, Land-opening in BUMN, T-BOSIET & T-EBS, Practical Guide for Current PSAK, IFRS-Based and OCI-Related,
Pschology at work, Workshop on Health Benefit System for BUMN in National Health Security (JKN) Era. Mubes IV FSP BUMN, Workshop on
Reducing Outsourcing in BUMN, Effective Management for Training Center, T-BOSIET & T-EBS, Fitness for Service and Engineering, Critical
Assessment of Pipelines, CHRP, National Seminar on Internal Audit, CPSAK Review, Optimalizing Company Assets, and Types of Cooperation in
BUMN, Workshop on the 2th World Clean Coal Week, Strategy for Legal Contract and Working Papers, National HR Competitiveness Building,
6th Indonesia Training & Development Summit, Syndicated Loans Training, HR From the Outside In, Audit Basic Training, Operational Audit
Training, Preparation Training for Certification Test, Technical Training on Gas Metering Systems, Talent Management Conference, API 570
Piping Inspector Course, Designing Competency Based Recruitment and Selection, Indonesia Supply Chain Management Summit , CS Club
Sharing: Towards Call Center with World Class Services, Workshop Clean Coal, Petty Cash Management, ASME VIII Division 1 & 2, Basic Motoric,
ISO Sharing Club: Increasing Productivity and Competitiveness toward AEC through Professional Certification, Facility Security Design,
Formatting dan Reviewing Master Plan, Structuring Owner Estimate Methods & Techniques, Legal English Training, Indopipe 2014, Conduct
Training Needs Analysis & Design Training, IFRS on the Impact of the New Accounting Implementation (PSAK) on Taxation and Collection.
Workshop on Legal English, The 5th Real CSR (Inovation of CSR Program), Seminar on Comprehensive Corporate Culture Measurement, Job
Analysis & Job Evaluation Program, Fire and Gas System, National Seminar on Accounting, CRMP Certification and Tests. Advanced Internal
Audit, Training on Write-Off and Transfer Procedures for BUMNs Fixed Assets, A Guide for Non-Tender Direct Appoinment and Procurement
in Service/Good Procurement based on Permen BUMN No.15 Year 2012 and Perpres No. 70 Year 2012 in BUMN/D Circle, Concrete and Steel
03
Structure Design Construction and Maintenance, Preparation Training for CFE Certification test, Company Legal Drafting & Writing, Indonesia
iKompass PMP Preparation Program, ASME B31.3 Process Piping Code Design Requirements , Training on Write-Off and Transfer Procedures
for BUMNs Fixed Assets, FKSIP National Seminar, NACE International East Asia Pacific Rim Area Conference 2014, API 510, Chartered Financial
Analys (CFA) Level 1, The 6th Indonesia HR Summit, Public Workshop on Mark Plus, 4th Seminar on Procurement Management, Business
Process Management, CPSAK Review of Class 8, Contract and Legal Drafting for EPC Project, Technical Training on Competency Qualification
and Certification for Transmission Pipe Instructor Expert Staffs, SSPC PCI Level, Workshop on Legal English, CSR ISO 26000:2010, Public Online
Financial Modelling and Decision, Finance Accounting, Fiscal Metering Equipment, Safety Instrumented System Design, Analysis &
Justification, 2014 ACIIA Conference, Capital Budgeting, Cost Benefit Analysis, Indonesia National Productivity Conference, Transforming
Corporate Culture, Integrated Building Supervision and Quality Control of Civil Work, Syndicated Loan Training,Construction Legal Contract
Training, Seminar and Congres on Accounting, QA and QC Inspection Training, Case Study on Goods and Service Procurement, Indonesia Tax
Summit 2014 Seminar, IT Service Management With ISO, Enterpreneurship, Bankcruptcy and Receivables Management Training, Instalation,
Calibration and Maintenance of Electronic Instrument, Effective Time Management, HR Expo, Cathodic Protection Training & Certification
Program Level 1, INDOCOR Corrosion Inspector, Technical Training on Pipe Instructor Expert Staff Qualification, Advanced Internal Audit II,
Workshop on Strategy toward Green and Gold PROPER, Tehniques for Chromatograpy Gas Analysis, Social Mapping dan Initiation of CSR
Program, First Aid Batch 1, First Aid Batch 2, Brevet A & B, Technical Training on Gas Metering System, Workshop on Risk Based Inspection
(RBI) Based on API 580 and API 581, In Situ Field Balancing, Basic Sea Survival (BSS), Basic Vibration Analysis, T-Bosiet, Understanding Coating
and Corrosion Control on Underground and Ambience Exposed, Fire Fighting Level D, Fire Fighting Level C, Electrical Machines Transformers
and power System : Case Study and Troubleshooting, Workshop on Offshore Pipeline Lifecycle Management, Effective Purchasing, Store And
Warehouse, Training and Education on Security Force Management, Ultrasonic Gas Flow Meter Batch 1, K3 Kimia, Innovation of CSR Program,
Ultrasonic Gas Flow Meter Batch 2, CCNA Full Package + Exam, Basic Sea Survival (BSS), The 41th ARTDO International Leadership and HRD
Conference & Exhibition and The 6th Indonesia HR Summit,The 4th Procurement Management Congress, GESOM (Gas Engine Electric Set
Operation & Maintenance), Training on Write-Off and Transfer Procedures for BUMNs Fixed Assets, Powerful Personal Communication Batch
1, Powerful Personal Communication Batch 2, IT Risk Management, Intensive Protection System against Lightning and Grounding, Corporate
Social Responsibility ISO 26000:2010, Basic Sea Survival (BSS), CSWIP Visual Welding Inspector - Level 1, Training and Certification of Welding
Inspector, Training and Certification for General K3 Experts, Training and Certification of Fire Fighter Level D (Elementary I), Training and
Certification of Air Pollution Control Competence PPPU, Training and Certification of Auditor of Health and Work Safety Management System,
Training on Land Procurement, Seminar on Psychology at Work, Training on Companys Asset Management, Training on Outsourcing
Management, PROPER Training, Training on Social Mapping and Formulation of CSR Program, Seminar on Innovation of CSR Program, Law on
Waste Management and Methods of Domestic Waste Management, Technical Training on Pelatihan NLP-based Fraud Investigation.
Negotiation Skill & Simulation Workshop, Introduction to ISO/DIS 9001:2015, Competency-Based Human Resources Management Conference,
Corporate Communication Summit 2014, The 41st ARTDO International Leadership and HRD Conference & Exhibition and The 6th Indonesian
HR Summit, The How of WOW: Creating The Culture of Service Excellence Conference, Training on Write-Off and Transfer Procedures for
BUMNs Fixed Assets, Training on Social Mapping and Formulation of CSR Program, Workshop for Provider Initiated HIV Testing and
Counselling (PITC), Expanded-DiSC Certification Workshop, Technical Guide on Waste Management B3 toward PROPER organization, Technical
Guide on First Aid and Technical Guide on the Prevention and Control of Fire, Seminar on Great Teamwork: How to Work Together to Achieve a
Winning Team, Bentley Plant Workshop, Android Application Development, The Bentley Systems Seminar, MTCNA Training,Taxation Seminar,
Fixed Asset Management, Brevet A & B, Master Finance Controller Conference, Enterpreneurship and Business for Retirement Training,
Two-day Workshop on National K#LH System Management, General K3 Experts, Pipeline Risk & Integrity Management, Creating Customer
Advocates Through Service , Seminar The Art Of Influence For Sales, Seminar dan Workshop on National Corrosion 2013, Best Practices For
Planning & Budgeting Seminar, Corporate Financial Modelling, Integrated Material Handling, Warehousing & Distribution Management,
Training on Young Coating Inspector Level 1, K3 Electricity Experts, Gas Metering System,First-Aid (P3K) at Work, A Practical Cost Effective
Approach to Mitigation of AC Corrosion on Pipelines, Training on Cathodic Protection Level 1, Control Valve Operation and Maintenance, DC
Stray Current Interference Corrosion and Measure to Cope With it, Training on Fire Fighter Level D batch 2, Seminar on Selling Strategy,
Understanding Coatings/Corrosion Control On Underground And Ambient Exposed Piping, Basic Accounting Training, CompTIA Network+,
Logistic & Supply Chain Management: Concept, Strategy & Implementation, Seminar on Partnership with the Government,
66 Company Profile PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
No. Category
BUMN and Private Sector to Prevent and Combat Corruption.Basic Microtics, Training for Fire-Fighting Unit Coordinator level B, Pipe Stess
Analysis, Training on Welding Inspector, Technical Training on Measuring and Calibrating, Workshop on GAP Analysis for Current PSAK and
Effective in 2015, Training on Financial Aspects and Budgeting of Indonesian , National Symposium on Accounting (SNA) XVII, National
Seminar on Optimalizing the Role of Internal Supervisor to Prevent Corruption in BUMN/BUMD and Banking, Workshop on Negotiation
Skills and Simulation, Training on HR Humas Winning Medias Heart Through Creative Writing, the 6th Indonesia HR Summit 2014, Training
on Write-Off and Transfer Procedures for BUMNs Fixed Assets, HRD Management, Seminar on Care Is The New Service, Training on Guide
and Certification for K3 Construction Young Expert, Business Leader Forum Fewer Bigger Bolder : From Mindless Expansion to Focused
Growth, Training on Control Valve: Operation, Maintenance & Troubleshooting, Training on Control Valve: Operation, Maintenance &
Troubleshooting, Workshop on The New Strategic Marketing Management: Productivity-Driven WOW MARKETING, Training on Advanced
Process Control Instrumentation, Welding Inspector, Non Destructive Test (Film Interpretation), Certification Test for Certified Professional
Management Accountant (CPMA), One-Day Training on Filling-out and Calculating Annual and Monthly Income Tax Article 21/26, Potput
Income Tax using Microsoft Excel Format, Indonesia Tax Summit 2014, Tax Management, Training on Corporate Social Responsibility ISO
26000:2010, Fotografi Basic Photography and Photo Editing Training, Case Study on Goods and Service Procurement, IT Service Management
with ISO, QMS56 ISO 9001:2008 Series A Continual Management System Improvement Cycle, IMS102 Understanding, Developing,
Implementing and Maintaning an Integrated QHSE Management, Basic Training of 2 Properties Assessment, National Seminar on Customs,
Radiography Test Level 2, Legal Auditor Education, General K3 (AK3) Expert (Certified by Kemenakertrans), Fraud Auditing: Prevention,
Detection & Investigation, Welding Engineer (Sertifikasi), Workshop on National K3LH System Management, PCI Level 1, Training MR/S (Batch
I), MR/S Training (Batch II), Strategy on Handling Legal Receivables, Basic Microtics, CompTIA Network+, Technical Guide on Gas Metering
System, Reprogramming Leadership With Mind Power, Negotiation Skill, Certification for General K3 Expert, Strategic Vendor Management,
Innovation of CSR Program, Reborn Batch I, Managing Conflict and Dealing with Difficult People, Reprogramming Leadership With Mind
Power Batch II, Seminar Public Relation & Corporate Communication (Strategy to Build Company Image through Excellent Role of Public
Relation & Corporate Communication, Reborn Batch II, Price Self-Estimation on Goods and Service Procurement, Reprogramming Leadership
With Mind Power Batch III, Bankcruptcy, IT Risk Management
Overseas, 10 programs attended by 22 participants
Among others:
Scada Summit, Training ASME VIII Division 1 & 2, SOPAC Conference and On-Site Learning 2014, Conference Gastech 2014, CERM - Certified
Enterprise Risk Management, APAC Small And Midscale LNG 2014, Knowledge Management, Flow Worldwide User Group Meeting 2014, IFRS
OIL AND GAS EXECUTIVES
B. Scholarship in Cooperation with Taruna Nusantara C. Internship and Master Degree Program in Indonesia
High School and PTK AKAMIGAS STEM - Cepu: and Overseas
In order to obtain the qualified candidates as Employees Quality and Competency
employees, PGN starts early in candidates lives Enhancement Program
by providing Scholarship Program on Candidates In order to enhance the quality and competency
Pre-Selection (PBPSPCP) in cooperation with of employees as well as additional global
Taruna Nusantara High School, Magelang and PTK insights on gas business and Companys
AKAMIGAS STEM - Cepu to educate and prepare progress, and also to support PGNs vision to be
the candidates which have capability ini Natural a world class energy company in the gas sector,
Gas industry. In 2014, PGN carried out scholarships PGN engaged GDF SUEZ to conduct 3 programs
program for Diploma I, II & III of Gas Technology at of Exchange and Experience Learning with total
AKAMIGAS STEM Cepu for 59 participants. of 28 participants.
67 Company Profile PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
COMPOSITION OF SHAREHOLDERS
REPUBLIC
56.96% OF 43.04% PUBLIC
INDONESIA
Name of the Subsidiary Shares Ownership Line of Business Company's Description Status
Company and
Associated
PT Saka Energi Subsidiary Company 99.997% Upstream SEI was established on 27 June 2011 and Operate
Indonesia (SEI) PT PGAS Solution Business operates business and investment in the
0.003% upstream sector, which covers exploration,
exploitation, business expansion in oil and
natural gas, geothermal and shale gas. Now,
SEI has Participating Interest at several oil
and gas blocks, in Indonesia or overseas.
PT Transportasi Subsidiary Company 59.87% Gas TGI was established on 1 February 2002. Operate
Gas Indonesia Transasia Pipeline Transportation Now, TGI owns and operates more than
(TGI) Company Pvt. Ltd. 1,000 km pipeline network that connected
- 40% Grissik to Duri and Grissik to Singapore
Yayasan Transmission with distribution capacity of
Kesejahteraan 835 MMSCFD
Pegawai
Perusahaan Umum
Gas Negara 0.13%
PT PGN LNG Subsidiary Company 99.999% Liquified Natural PGN LNG was established on 26 June 2012 Operate
Indonesia (PGN PT Gagas Energi Gas and operates Liquified Natural Gas business,
LNG) Indonesia 0.001% including but not limited to processing,
transportation, storage and trading.
Name of the Subsidiary Shares Ownership Line of Business Company's Description Status
Company and
Associated
PT PGAS Subsidiary Company 99.93% Telecomunication PGASCOM was established on 10 January Beroperasi
Telekomunikasi Yayasan 2007. Now, PGASCOM has exclusive rights
Nusantara Kesejahteraan from the Company operate manage the
(PGASCOM) Pegawai Companys fibre optic, starts from the
Perusahaan Umum boundary of Indonesia-Singapura (96 cores),
Gas Negara 0.07% Batam-Jambi-Grissik (24 cores), Grissik
Pagardewa Terbanggi -Labuhan Maringgai
(24 cores).
PT Gas Energi Joint Venture Company 40% Trading, GEJ operates its business in trading, construction Has not
Jambi (GEJ) PT Wahana Catur Mas construction and and services through distribution of gasoline operate yet
40% services fuel, chartering in the gas mining sector and
PT Jambi Indoguna in the field of supporting facility for mining
Internasional 10% company, gas construction and other supporting
PT Bukaka Corporindo equipments.
10%
PT Banten Gas Joint Venture PT Andiracitra Transportation, BaGS operates its business in services sector, Operate
Synergi (BaGS) Grahawira (68.43%) trading and mining transportation, trading and mining.
PT Banten Global
Synergi (14.14%)
PT Banten Global
Development (8.57%)
Izma Agyano Bursman
(8.71%)
Perseroan Company
(0.14%)
PT Nusantara Joint PT Pertamina Floating NR was established on 14 April 2010 as a joint Operate
Regas (NR) Venture (Persero) 60% Storage and venture company between PT Pertamina
Company 40% Regasification (Persero) and the Company. NR operates the
Terminal Facility processing and development of FSRT facility,
(FSRT) including the procurement of Liquefied
Natural Gas (LNG) and marketing on the
management of the FSRT facility and also
other relevant business activity. Now, NR has
operated the first FSRT in Indonesia with
regasification capacity of 500 MMSCFD.
72 Company Profile PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
Subsidiary and
Associated Companies
PT Saka Energi IndoneSIA
PT Saka Energi Indonesia (SEI) is PGNs subsidiary that engaged in the oil and natural gas upstream
sector. The shareholders of SEI are PGN and PT PGAS Solution (PGNs subsidiary) with shares ownership
of 99.997% and 0.003% respectively. As a company in the oil and natural gas upstream sector, SEI
supports the expansion and production of oil and gas in Indonesia through exploration, exploitation and
development of conventional and non conventional oil and gas as well as other energy.
Until 2014, SEI acquired the oil and gas upstream assets as follows:
BOARD OF COMMISSIONERS
Susilo Siswoutomo President Commissioner
Hendi Prio Santoso Commissioner
Nusantara Suyono Commissioner
BOARD OF DIRECTORS
Firman Ardini Yaman President Director
Tumbur Parlindungan Director of Commerce
Noor Diana Prasetyawati Director of Finance & Administration
73 Company Profile PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
03
GEI obtained gas supply from several gas suppliers In order to ensure the gas supply, strengthen the
at PGNs operational areas. In 2014, GEI sold 22.44 core business, enhance the capability of relevant
million MMBTU of gas, up 1.47 million MMBTU from business diversification such as power plant and
year 2013s sales. Some of GEIs supply volume and to create significant gas value chain through LPG
sales were consolidated with PGNs sales volume. Plant, Micro LNG and CO2 removal, GEI continuously
In 2014, GEI had 290 customers, a 8.2% growth seeks potential gas sources and established many
compared to year 2013. From all those customers, potential projects. GEI also explore potential power
94% used natural gas through pipeline network, plant business to give added value from its natural
while the remaining 6% used CNG. gas development activities. In 2014, GEI developed
natural gas project, CNG station (SPBG) project, micro
GEIs strategic target is to fulfill the increase LNG plant project, LPG plant & CO2 removal and also
of natural gas demand. To broaden the gas electrical projects.
distribution and utilization for transportation
sector, GEI established SPBG and Mobile Refueling At the end of 2014, the composition of Board of
Unit (MRU). Commissioners and Board of Directors were as
follows:
BOARD OF COMMISSIONERS
Mochtar Riza
President Commissioner
Pahlevi Tabrani
Surat Indrijarso Commissioner
Iman Rochendi Ahmad Commissioner
DIREKSI
Danny Praditya President Director
Achmad Rifai Director of Commerce
Wibisono Director of Finance & Administration
74 Company Profile PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
BOARD OF COMMISSIONERS
Djoko Saputro President Commissioner
Hendra Fadly Commissioner
Doddy Adianto Commissioner
BOARD OF DIRECTORS
President Director &
Nisi Setyobudi
Director of Commercial
Manangap Napitupulu Director of Technical & Operations
Director of Finance &
Eri Surya Kelana
Administration
BOARD OF COMMISSIONERS
M. Wahid Sutopo President Commissioner
Roedy Poerwanto Commissioner
Harry Zacharias Soeratin Commissioner
BOARD OF DIRECTORS
President Director &
Sri Budi Mayaningsih
Director of Commercial
Bambang Ismartono Director of Technical & Operation
Hermin Indayati Director of Finance & Administration
75 Company Profile PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
PT Transportasi Gas Indonesia At the end of 2014, the composition of TGIs Board
PT Transportasi Gas Indonesia (TGI) is the owner of Commissioners and Board of Directors were as
and also a leading operator of natural gas pipeline follows:
in Indonesias. The shareholders of TGI are PGN,
Transasia Pipeline Company Pvt. Ltd. and Yayasan
Kesejahteraan Pegawai Perusahaan Umum Gas BOARD OF COMMISSIONERS
Negara with shares ownership of 59.87%, 40% and Jobi Triananda Hasjim President Commissioner
0.13% respectively. M. Iskandar B. Ismail Vice President Commissioner
Heri Yusup Commissioner
TGI is the first Indonesian company that focuses Aries Yusuf Hassan Commissioner
its business in natural gas transportation, both Naryanto Wagimin Commissioner
for domestic market in Sumatera and Batam and
international market to Singapore. With over 10
years of experience in natural gas transportation
BOARD OF DIRECTORS
business and zero-down time commitment as well 03
Mangatas Panjaitan President Director
as environmentally sound operational, TGI is one
Gamal Imam Santoso Director of Technical
of the most reliable transporter in the industry
Erning Laksmi Widyastuti Director of Finance & Administration
with more than 1,000 km of offshore and onshore
A. Rashid Mukri Director of Operations
pipeline network.
Arief Transaindra
Director of Business Development
Kushermawan
TGI operates 468 km long of Grissik Singapura
pipeline and 536 km long of Grissik Duri, Riau.
TGI also operates several compressor stations at
Sakernan, Belilas and Jabung (Sumatera), as well as
meter station at Duri Riau, Panaran, Batam and
Pemping, Riau Archipelago. All pipeline networks
and stations are monitored for 24 hours, 7 days a
week by special facility.
76 Company Profile PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
BOARD OF DIRECTORS
Dilo Seno Widagdo President Director & Director of
Commercial
Sulistyo Elly Hariyanto Director of Technical & Operations
Supriyadi Director of Finance &
Administration
Dominica Diniafiat Director of Human Resources
BOARD OF COMMISSIONER
Heri Yusup Commissioner
BOARD OF DIRECTORS
Adrian Priohutomo President Director
Dedi Suryadinata Director of Finance &
Administration
77 Company Profile PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
03
Photo by :
Maulana M Fahmi, Suara Merdeka
78 Company Profile PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
bonds highlights
Types of Securities Amount Rate Maturity Rating
Senior unsecured
fixed rate notes
USD 1,350,000,000 5.125% 16 Mei 2024 Standard & Poor BB+
Moodys Baa3
Fitch BBB-
CREDIT RATING
Institution Rating Outlook 03
Standard & Poors Rating Moodys Investors Services Fitch Ratings Ltd.
ServiceS Singapore Pte. Ltd. 30 North Colonnade
12 Marina Boulevard 50 Raffles Place #23-06 London, E14 5GN
#23-01 MBFC Tower 3 Singapore Land Tower T. (44-20) 3530 1000
Singapore 018982 Singapore 048623 F. (44-20) 3530 1500
T. (65) 6530 6521 T. (65) 6398 8300
F. (65) 6438 2320
Share RegistraR
Agreement on the Shares Administration Management with regard to PGNs Initial Public Offering (IPO)
PGN with contract No. 030.KK/92/UT/2003 made and signed on 10 October 2003.
Currently, PT Datindo Entrycom as Share Registrar provides administration services in secondary market
which PT Datindo Entrycom responsible for maintaining list of shareholders and record all changes on the
list of shareholders on behalf of the public company. The Company pays annual fee for the administration
service in the secondary market in the amount of Rp44,000,000 (including Tax).
Public Accountant
The Company has appointed external auditor as per PT Perusahaan Gas Negara (Persero) Tbks Annual 03
General Meeting of Shareholders Resolutions dated 27 March 2014 that approved Purwantono, Suherman
& Surja Public Accountant, a member of Ernst & Young Global Limited firm, to audit Financial Statement
fiscal year 2014 based on Board of Commissioners recommendation. Purwantono, Suherman & Surja is
registered with Bapepam. The total fee for the Audit of Consolidated Financial Report year 2014 Audit is
Rp1.959.815.000 (including OPE and Tax).
Purwantono, Suherman & Surja Public Accountant, a member of Ernst & Young Global Limited firm,
has become the Companys auditor since fiscal year 2010. They have finished their task independently
in accordance with the professional standards for public accountant, the work contract and the agreed
audit scope. Purwantono, Suherman & Surja Public Accountant does not provide other consultation
services to PGN. The accountant who has signed the Independent Auditors Report for fiscal year 2014
is Agung Purwanto.
03
Investor Investor
Magazine Magazine Awards
Awards 2014 2014
Nominee for Executive Best SOE 2014 Non
of Listed Company 2014 Finance Mining and Oil
category. & Gas Sector
03
Sales and Service PT PGAS Telekomunikasi PT PGN LNG Indonesia (PGN LNG)
Medan Area Nusantara (PGASCOM) PGN Building Complex
Jl. K.L.Yos Sudarso Lorong XII Wisma 77, 19th Floor Graha PGAS, 2nd Floor
No. 18, Glugur Medan Kota Jl. Letjend. S. Parman Kav. 77, Slipi Jl. KH. Zainul Arifin No. 20
Medan 20112, Indonesia Jakarta Barat 11410, Indonesia Jakarta 11140, Indonesia
T. (62-61) 661 3495 T. (62-21) 5366 0444 T. (62-21) 2907 3266 / 2907 3267
F. (62-61) 661 6649 (62-21) 5366 0445 F. (62-21) 2907 1133 / 2907 1132
F. (62-21) 5367 0080
Sales and Service PT Permata Graha Nusantara
Batam Area PT PGAS Solution (PGAS (Permata)
Batam Centre Building solution) PGN Building Complex 03
Jl. Engku Putri Batam Centre C Building, 4th Floor Tower B, 8th Floor
Batam 29641, Indonesia Jl. K.H. Zainul Arifin No. 20 Jl. KH. Zainul Arifin No. 20
T. (62-778) 467 299 Jakarta 11140, Indonesia Jakarta 11140, Indonesia
F. (62-778) 467 399 T. (62-21) 6385 4557 T. (62-21) 634 0030
(62-21) 6385 4572 F. (62-21) 634 0031
Sales and Service (62-21) 6385 4506
Pekanbaru Area F. (62-21) 6385 4534 PT Gas Energi Jambi (GEJ)
Sudirman City Square Complex Jl. Jend. A. Yani No. 17
Block C No. 12 PT Saka Energi Indonesia Telanaipura, Jambi
Jl. Jend Sudirman (SEI) T. (62-741) 670 207
Pekanbaru 28282, Indonesia The Energy F. (62-741) 670 207
T. (62-761) 839 822 11-12th Floor, SCBD, Lot 11a
(62-761) 789 1533 Jl. Jend. Sudirman Kav. 52-53, PT Banten Gas Synergi (BaGS)
(62-761) 789 1812 Jakarta 12190, Indonesia Kantor Taman E3.3 Unit D6
F. (62-761) 839 811 T. (62 21) 2995 1000 Kawasan Mega Kuningan Lot 8.6-8.7
F. (62 21) 2995 1001 Setiabudi, Jakarta 12950
SBU TRANSMISSION SUMATERA T. (62-21) 5794 8870
JAVA PT Gagas Energi Indonesia (62-21) 5794 8871
Graha PGAS Building, 10-11th Floor (GEI) F. (62-21) 5794 8870
Jl. K.H. Zainul Arifin No. 20 PGN Building Complex (62-21) 5794 8871
Jakarta 11140, Indonesia Tower B, 9-10th floor
T. (62-21) 6386 6667 Jl. KH. Zainul Arifin No. 20
(62-21) 6386 6669 Jakarta 11140, Indonesia
F. (62-21) 6386 6770 T. (62-21) 29071415
(62-21) 6386 6760 F. (62-21) 29071138 / 1140
OPERATION EXECELLENT
Most of the PGN distribution network is located around public facilities,
hence PGN conducts periodic inspection to ensure that the network is always
in a safe and good condition.
91 Highlights of 2014 Performance PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
01
04
04
Managements Discussion
and Analysis
121 Material Commitments Related to Capital 130 Employee Stock Ownership Program And/Or
Investment Management Stocks Ownership Program
(ESOP / MSOP)
121 Realization of Capital Investment 131 Use of Public Offering Proceeds
121 Targets for the Year Ahead 132 Information on Material Transactions with
a Conflict of Interest and Transactions with
Affiliates
122 Material Increase in Sales/Net Revenue 133 Changes in Legislation
122 Price Adjustments in 2014 134 Changes in Accounting Policies
122 Material Information After
the Reporting Date
92 Managements Discussion and Analysis PT Perusahaan Gas Negara (Persero) Tbk
Annual Report
Laporan Tahunan
2014
2014
93 Managements Discussion and Analysis PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
Future events using forward-looking statements include known and unknown risks,
uncertainties and other factors that are beyond the control of the Company, which may bring
upon the actual result, performance or achievement, where they are materially different from
the Companys future plan, performance, or achievement as expressed by these forward-
looking statements within this annual report.
Forward-looking statements contained within this annual report are stated based on various
assumptions in regards to the present and future business strategy and also the environment
where the Company will be operating in the future. Readers of this annual report are
reminded that forward-looking statements are not and shall never be the kind of statements
that provide guarantee of the Companys work performance in the future for the actual result
of the Companys work performance and condition in the future may differ materially from
what are stated, projected or assumed within those forward-looking statements.
Important factors that may cause actual conditions, performance or achievement of the
Company to differ materially from those stated in the prospective statement include but are
not limited to the following:
Changes in regulations in Indonesia, both those that directly as well as indirectly affect the
operations of the Company.
Changes in government policies in the area of oil and gas areas.
The economic, national, regional or global conditions that affect the economic activities or
disturbance of the market due to global factors.
Changes due to inflation, due to interest rate differential, or due to difference in currency
convertability.
Others (if there are other matters related to PGNs businesses that may influence forward-
looking statements within this annual report).
95 Managements Discussion and Analysis PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
The following Managements Analysis and Discussion is intended as an explanation of the Companys
performance and refers to PGNs Consolidated Financial Statements dated 31 December 2014 and 2013 which
were audited by Public Accountants Purwantono, Suherman & Surja, a member firm of Ernst & Young Global
Limited, which are attached to and form an integral part of this Annual Report.
As a gas provider, PGN transports natural gas from receipt points to delivery points. The transmission network
typically consists of one or more pipeline segments, which are usually connected to each other to create a
network that transports gas from a gathering system, a gas processing plant outlet or a storage system to a
distribution system, premium customers or other storage systems. The distribution network system commonly
has one or more pipeline network segments that transport gas from the delivery points of the transmission
pipeline networks, storage systems or provider outlet plants to its customers, including power plants,
industries, commercial enterprises or households.
Currently PGN operates three Strategic Business Units (SBU) in the distribution businesses (SBU Distribution
Areas I, II, III) and SBU Transmission Sumatera-Java in transmission unit. 04
Based on the Articles of Association as set forth in Deed No. 11 as of April 6, 2011, the operational activities of
PGN are divided into three business segments: gas distribution, gas transmission and other businesses.
Pursuant to PSAK No. 5 (2009 revision) regarding operational segments, for the purposes of managements
assessment and reporting, starting in 2013 the Company also reported its activities in the upstream oil and 04
natural gas business as a business segments. This is consistent with the business strategy in the upstream
sector which has been pursued since 2011.
96 Managements Discussion and Analysis PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
1. Gas Distribution and Trading 2. SBU Transmission Sumatera Java (SBU TSJ). PGN
Planning, construction and development of has also formed a Strategic Business Unit that
production, supply, transmission and distribution operates gas transmission through the South
of manufactured gas (hydrocarbon gas). Sumatera-Java pipeline.
0%
Distribution Transmission
98 Managements Discussion and Analysis PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
INTERVIEW WITH
Jobi Triananda Hasjim
COMMERCE AND OPERATIONS DIRECTOR
How was the sales In 2014, PGN increased natural gas sales volumes by 5% from 824
Q A
operational performance MMSCFD in 2013 to 865 MMSCFD. This was driven by increased gas
for 2014? consumption by customers and additional gas from regasified LNG
in FSRU Lampung, which was commissioned in 2014.
What is the demand In 2015, the demand for natural gas is expected to increase. This
Q A
forecast for natural gas is supported by government policy, which mandates increased
in 2015? use of gas to support its strategy of strengthening the countrys
energy security, reducing dependence on oil, and easing the burden
on the state budget from fuel subsidies and imports. PGN fully
supports this energy conversion program. In fact, in recent years,
PGN has invested heavily to bring the benefits of natural gas to a
broader customer base, ranging from power plants to industrial and
commercial as well as household consumers, to the transport sector.
What about the household Most urban households in Indonesia still use LPG to cook and heat
Q A
sector policy, particularly the water. Given that the price of LPG is related to oil prices, its price
program PGN Sayang Ibu? is volatile, and nearly half of the national consumption needs are
met from imports. Our target is to connect 1 million households to
natural gas as a safer, cleaner, and more affordable energy solution.
At present, our household customers number less than 100,000. Yet,
we believe this goal can be achieved.
How was the natural gas The transmission business is a long term business. Currently PGN
Q A
transmission business in operates the South Sumatera West Java (SSWJ) pipeline and the
2014 and future prospects? Grissik-Duri, Grissik Singapore pipelines through its subsidiary,
TGI. In the future, PGN is committed to building natural gas
infrastructure. At present, PGN has started the construction of the
first phase of the Kalimantan-Java transmission pipeline which will
connect the Kepodang field owned by Petronas in the Java Sea with a
PLN powerplant in Tambaklorok, Central Java.
99 Managements Discussion and Analysis PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
RESULT BY SEGMENTS
Remarks Distribution Transmission Oil and Gas Other Consolidation
(milion USD) and Trading Operations
2014 2013* 2014 2013* 2014 2013* 2014 2013* 2014 2013*
Net revenues 3,124.87 2,972.97 207.84 200.27 297.80 34.84 150.48 66.25 3,780.99 3,274.33
Revenues elimination (215.71) (203.23) (21.36) (20.03) - - (135.32) (49.56) (372.39) (272.82)
Total net revenues 2,909.16 2,769.73 186.48 180.24 297.80 34.84 15.16 16.69 3,408.60 3,001.52
Segment expenses
Cost of revenues 2,002.85 1,788.38 - - 173.72 18.73 61.82 - 2,238.39 1,807.11
Cost of revenues elimination (294.61) (223.26) - - - - - - (294.61) (223.26)
Salaries and employees
35.98 38.09 19.48 19.21 4.18 2.81 11.32 7.85 70.96 67.97
benefit
04
Depreciation 47.65 46.06 117.29 129.45 0.01 0.03 6.66 5.25 171.61 180.78
Repairs and maintenance 37.51 34.02 11.69 10.36 0.03 0.00 0.67 0.79 49.90 45.17
Repairs and maintenance
(20.35) (19.65) (2.48) (1.00) - - - - (22.83) (20.64)
expenses elimination
Other expenses 60.36 51.62 46.10 40.01 5.21 3.83 66.75 40.00 178.42 135.46
Other expenses elimination (11.85) (13.34) (10.75) (1.85) - - - - (22.60) (15.19)
04
Total Segment expenses 1,857.54 1,701.93 181.33 196.19 183.15 25.40 147.22 53.89 2,369.24 1,977.40
Segment profit 1,051.62 1,067.81 5.15 (15.94) 114.65 9.44 (132.06) (37.20) 1,039.36 1,024.11
*restated
The above table presents the results of the transmission business on a consolidated basis of the Subsidiaries
(TGI) and PGN including the South Sumatera West Java (SSWJ) pipeline. Up to now, the toll fee from SSWJ
pipeline has been recorded in bundle with the revenues from the distribution business of SBU Distribution
Area I Western Java.
Gas Distribution and Trading Segment The Company purchased gas from several producers
Revenue from the gas distribution and trading or gas suppliers with a variety of contract periods.
segment is generated from distribution and The main long term contracts are with ConocoPhillips,
sales of the Companys gas to customers in its Pertamina and Santos. These three suppliers and
respective distribution areas, which contributes other gas suppliers supply PGN customers in Western
more than 85% of the Companys consolidated Java, Eastern Java and Northern Sumatera.
revenue. The primary factors affecting the revenue
from distribution and gas trading segment is the The Company sells and distributes gas to customers
gas volume from producers or suppliers, the gas under Gas Sales and Purchase Agreements (GSPA).
purchase price from producers or suppliers, and the Premium customers with the largest volume include
gas selling price that the Company is able to apply among others the power plant industry and chemical
to its customers. and ceramic manufacturers. Gas sales and purchase
100 Managements Discussion and Analysis PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
agreements between PGN and its customers are the chemistry, ceramic, basic metal, fabricated
business agreements in which the gas price is metal, pulp and paper, glass, wood, cement, food,
determined by a number of factors, including gas textile, power plant and other manufacturing
purchase price, the customers purchasing power, industries. Contracts for industrial customers
the price of alternative fuels, and several other are valid for five years and extensions are
factors. When suppliers increase gas prices, PGN automatically valid for the next five years.
will adjust its sales price to customers. Specifically
for residential customers, the gas sales price is In addition, PT Gagas Energi Indonesia (GEI), which
determined referring to regulations of the Ministry established in 2013, continues to make efforts to
of Energy and Mineral Resources (ESDM) and those develop its gas processing business as part of its
stipulated by BPH Migas. downstream business expansion.
In order to optimize sales and better address the GEI serves CNG customers sectors, especially in
market needs, PGN divides its operational areas into Central Java. In 2014 GEI also operated 3 MRU (mobile
the following: gas refilling units) to serve the transportation sector
in Jakarta which is not yet connected to the existing
SBU Distribution Area I pipeline network. GEI also operated 3 SPGB in Jakarta.
Covering Jakarta, West Java, Banten, South
Sumatera and Lampung with administrative Gas Trading and Distribution Segment Period ending
activities in Jakarta, Banten, Bogor, Cilegon, 31 December 2014 compared with the period ending 31
Tangerang, Bekasi, Karawang, Cirebon, Palembang December 2013.
and Lampung. Gas Trading and Distribution Segment Period ending
31 December 2014 compared with the period ending 31
SBU Distribution Area II December 2013.
Covering East and Central Java with
administrative activities in Surabaya, Sidoarjo, The consolidated revenues and expenses that arose
Pasuruan and Semarang. in relation to the sale of natural gas to customers
increased, respectively, by 5.03% and 9.14%. The
SBU Distribution Area III revenue increase was influenced by an increase
Covering North Sumatera, Riau, and the Riau in the distribution volume and price adjustments
Archipelago with administrative activities in to customers. The 15% price adjustment went into
Medan, Batam, Pekanbaru and Dumai. effect on 1 April 2013 in line with the increase in
the purchase price of gas from gas producers and
Distribution or Trading Customer Category suppliers. The increase affected customers in SBU
PGN serves several customers sectors which are Distribution Area I Western Java including Jakarta,
divided by type into 3 segments, namely: Banten, Bogor, Bekasi, Karawang, Cilegon,
1. Household Customers Tangerang and parts of Palembang, which receive
Including houses, flats, condominiums, and gas via the SSWJ pipeline from gas fields in Grissik
apartments. and Pagardewa.
2. Commercial Customers
Including Small-Medium Enterprises (SME), As a result of the gas price adjustment in SBU
health centers, hospitals, universities, Distribution Area I Western Java, PGNs average gas
government offices, business districts, shopping selling price in 2014 was USD 8.95/MMBtu (assuming
malls, hotels, Gas Fueling Stations and other an exchange rate of USD 1= Rp12,440). Even at this
commercial enterprises. price, gas was more competitively priced than
3. Industrial Customers petroleum-based fuel, particularly diesel (High Speed
Including the power generation and Diesel/HSD). In 2014, PGNs average gas selling price
manufacturing industry, which is divided into was approximately 32% of the price of HSD. Moreover,
the price of natural gas is typically stable, whereas the
HSD price changes every 2 weeks.
101 Managements Discussion and Analysis PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
PGNs revenue in 2014 was influenced by the sales volume and the rupiah exchange rate against the USD.
The increase in sales volume was influenced by an increase in the supply of gas from the Corridor Block and
Pagardewa gas field. In November and December 2014, PGN delivered 49.68 MMSCFD of gas from regasified
LNG at FSRU Lampung, which is operated by PGNs subsidiary PGN LNG. The gas from the regasified LNG is
distributed to PLNs Muara Tawar power plant. As PGN recorded revenues in USD, the weakening of Rupiah
against USD from 1 USD = Rp12,189 in 2013 to 1 USD = Rp12,440 in 2014 resulted in a decrease in the IDR portion
of revenue.
The economic situation in Indonesia also impacted PGNs performance. While 2014 inflation of 8.36% did not
deter customers from buying gas, the 2% depreciation of the Rupiah impacted IDR receipts derived from gas sales
as PGN recorded its revenue in USD.
*restated
Gas Transmission Segment The Company generates income from this business
Revenues from the transmission business segment by charging a toll fee to its customers, who use the
are generated from transporting gas belonging to transmission pipeline network to transport natural
customers, and contributed 5.47% of the Companys gas. This toll fee is established by the Downstream Oil
consolidated revenues. Most of the transmission and Gas Regulatory Agency (BPH Migas). The primary
volume is transported by TGI, which delivers gas factors affecting the revenues from transmission
belonging to shippers to the offtakers along the business segment are the gas volume and the toll fee.
PGNs transmission pipelines, depending on the
available pipeline capacity. The Gas Transportation
Agreement (GTA) is generally valid for 10-20 years.
PGNs transmission business activities cover South
Sumatera, Jambi, Riau, Riau Archipelago, North
Sumatera, Lampung, Banten and West Java.
102 Managements Discussion and Analysis PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
The following table shows the transmission pipeline segments owned and operated by PGN and its
subsidiaries, including its customers, both shippers and offtakers:
TRANSMISSION SEGMENT
Length
No. Transmission Pipeline
(Km)
Shipper Offtaker Operator
Total 2,047
Gas Transmission SegmentPeriod ended December PGN and TGI distributed 851.65 MMScfd in
31, 2014, compared to period ended December 31, 2013 transmission volume in 2014, decreasing 2.50 MMScfd
from 2013 as several customers (offtakers) trimmed
Revenue from the transmission segment in 2014 their volume requirements. However, in 2014 PGN
amounted to USD186.47 million, an increase of also transported gas owned by the State Electricity
USD6.23 million from 2013. The increase was Company (PLN) to Muara Tawar Power Station from
due to a toll fee increase from USD 0.69/MScf to the Medco E&P Lematang gas source in January
USD0.74/MScf for gas transportation through 2014 and from the Medco E&P Indonesia source in
the Grissik-Singapore pipeline, based on BPH August 2014. In July 2014, PGN also transported gas
Migas Decree No. 781/07/Ka BPH, dated June 11, owned by PLN to Muara Tawar Power Station from
2013. Nevertheless, a 3-tier tariff was applied for the Corridor Block Field in Grissik through the Grissik-
transportation along the Grissik-Duri pipeline Muara Bekasi pipeline. This gas transportation was
under GTAs. According to the gas transportation a gas swap between Premier Oil Natuna Sea B.V and
agreements (GTA) between TGI and shippers, ConocoPhillips gas from the Corridor Block in Grissik.
in 2014 the GTA 2 toll fee for gas transportation
through the Grissik-Duri pipeline was USD 0.44/
MScf and for GTA 3 was USD0.47/MScf.
103 Managements Discussion and Analysis PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
Starting January 30, 2014, SBU Transmission Sumatera-Java applied a toll fee of USD 1.47/MScf for the
Grissik-Muara Bekasi and Grissik-Bojonegor pipelines, and USD 1.55/MScf for the Pagardewa-Bojonegoro and
Pagardewa-Muara Bekasi pipelines. SBU Distribution Area III Northern Sumatera applied a USD 0.40/MScf toll
fee tariff for gas transportation from Wampu to Belawan.
The following shows PGN and TGIs transmission volume performance and toll fees:
Oil and Gas Upstream Segment In December 2014, SEI acquired 100% of Sunny 04
One of the Companys strategic initiatives in 2014 was Ridge Offshore Limiteds shares as the owner of a
to develop capabilities in the oil and gas upstream 20% participating interest in Muriah PSC.
sector in order to diversify the business and maintain In December 2014, SEI acquired an 8.91%
a reliable long term gas supply. This strategic ownership stake in the South East Sumatera
initiative has been carried out through investments in (SES) block from KNOC Sumatera Ltd.
upstream oil and gas assets sector since 2013. In 2014, In December 2014, SEI acquired 30% of the West 04
PGN through SEI made investments in the upstream Bangkanai exploration block from Salamander
sector as follows: Energy (West Bangkanai) Limited.
In January 2014, SEI acquired Hess (Indonesia
Pangkah) Limited and Hess Pangkah LLC with share Oil and Gas Upstream Segment Period ended
ownership of 65% and 10% respectively, thus giving December 31, 2014 compared to period ended
SEI 100% ownership of the shares in this block. December 31, 2013.
In February 2014, SEI acquired 100% ownership
of the South Sesulu exploration block from Hess In 2014, SEI contributed USD 297.80 million to PGNs
(Indonesia-South Sesulu) Limited. consolidated revenue from the sale of oil, gas and
In July 2014, SEI acquired 36% ownership of the LPG from producing fields. Revenue increased
Fasken shale gas block in Texas, USA, from 754,.6% compared to 2013, derived from the 25%
Swift Energy. ownership stake in the Pangkah Block.
104 Managements Discussion and Analysis PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
* SEI stoke in Pangkah for 2013 was 25% and 100% as of January 2014.
For the period ending December 31, 2014, the Profitability Per Business Segment
Company generated revenues from engineering, Profitability per segment was mainly dominated by
construction and maintenance services carried out the gas distribution business through gas pipelines,
by PGNs subsidiary, PGASSOL, amounting to USD Gas Filling Stations, Mobile Refuelling Units and
7.62 million, up from USD 6.36 million in 2013. The Compressed Natural Gas. Until today, the transmission
increase was attributable to the increase in the revenues from the toll fees for transporting PGNs by
construction and maintenance services provided SBU Transmission Sumatera Java through the SSWJ
for the customers (excluding PGN). Revenues from pipeline were recognized as part of the distribution
services to PGN in 2013 amounting to USD 75.14 revenues of SBU Distribution Area I, Western Java.
million were eliminated during the consolidation
process because the transaction was between the Profitability in the transmission segment
parent entity and its subsidiaries. was generated from the toll fee income from
the transportation of PLNs gas through SBU
PGN LNG started commercial operations in Transmission Sumatera Java over the SSWJ pipeline,
November 2014. For the year ended December 31, SBU Distribution Area III through the Wampu-
2014, PGN LNGs revenues, generated from the sales Belawan pipeline and from the transmission
of regasified gas to PGN, were eliminated during revenues of TGI through the Grissik-Duri and Grissik-
consolidation process because the transaction was Singapore pipelines.
between the parent entity and its subsidiaries.
Oil and gas segment profits were generated from the
For year ended December 31, 2014, Permata sales of oil, gas and LPG from producing fields, among 04
started commercial operations in October 2014. others Pangkah Block, South East Sumatera Block and
All revenues generated from services for PGN Fasken Block.
amounting to USD0.31 million were eliminated
during the consolidation process because their Profitability in other business segments consisted of
transaction was between the parent entity and revenues from PGASSOL, PGASCOM, Permata and PGN
04
its subsidiaries. LNG, most of which involved transactions with the
parent entity, thus resulting in negative profitability
for other business segments.
INTERVIEW WITH
MOCHTAR RIZA PAHLEVI TABRANI,
DIRECTOR OF FINANCE
How was the Companys In 2014, PGNs revenue grew by 13.6%. Gross profit increased by 3.3%,
Q A
financial performance Operating Profit grew 5.2% and EBITDA increased by 3.6%. Meanwhile,
in 2014? Profit for the Year Attributable to the Owners of the Parent Entity
amounting to USD722.75 million.
What were the key factors The 13.6% revenue growth was driven by an increase in distribution
Q A
influencing the growth in sales volume of 5% and a significant growth in revenue from the
revenue and operating profit upstream business, surpassing the target, from USD35 million to
USD 298 million in 2014. The growth in gross profit and operating
and what factors influenced
profit of 3.3% and 5.2%, respectively, was influenced by the revenue
net profit in 2014?
growth. Profit for the Year Attributable to the Owners of the Parent
Entity amounting to USD722.75 million primarily due to non-cash
transactions booked in 2014 such as exchange rate differences,
impairment and derivatives, so it does not reflect the entirety of profit
performance during the year.
What impact did the global Operationally, the sluggish global economy had no impact, but there
Q A
economic slowdown and were certain issues that did influence PGNs performance in 2014,
the economic situation namely those related to the impairment of the oil and gas assets
of our subsidiary, Saka Energi Indonesia, amounting to USD 34.66
in Indonesia, such as the
million this year related to the significant drop of global oil prices.
weakening of the Rupiah
Meanwhile, with regard to exchange rates, the weakening Yen, which
against the US Dollar, continued to depreciate against the US Dollar, affected the exchange
have on PGNs financial rate, which was lower than in the previous year. The calculation of
performance? impairment and the exchange rate difference were non-cash issues
but nevertheless impacted the Companys profit.
In brief, how did PGNs The implementation of the partnership and community development
Q A
partnership and community program in 2014 was fairly stable, with partnership funds being
development program absorbed at a rate of 92.88% for a score of 3 (the highest). Meanwhile
the loan collection rate reached 86.20%, giving a score of 3 (the
perform in 2014?
highest). We have managed to maintain this level of achievement
every year in order to ensure optimal benefits for communities.
The restatement of financial report is reflected in the impairment losses in the value of oil and gas properties
and impairment losses on goodwill in the Statement of Comprehensive Income, and also impacted the deferred
tax expense and Deferred Tax Liability which are comprehensively set forth in Note 4 of the 2014 Consolidated
Financial Report.
Revenues
During 2014, PGN recorded Revenues of USD3.41 billion, an increase of 13.56% compared to 2013. These revenues
are derived from four business segments namely the distribution segment gas, gas transmission segment,
segment of the oil and gas, and other business segments including LNG regasification, leasing capacity optical
fiber, construction and maintenance services as well as management of assets and services. Contribution of
each segment to total revenue in 2014 was as follows: 85.35% gas distribution, gas transmission 5.47%, oil and
gas sales - net 8.74%, and 0.44% of other other business segments. 04
Of total consolidated net income, 20.14% was the result of sales to Government-related entities for the year
ended December 31, 2014 and 26.09% for the year ended December 31, 2013.
Cost of Revenues
The Companys cost of revenues in 2014 represents purchases of gas from suppliers, oil and gas operating
expenses, the LNG purchase price and the operation of the FSRU, which amounted to a total of USD1.94 billion.
Cost of revenues increased by 22.73 % or USD359.93 million from USD1.58 billion in 2013. The increase was
primarily due to higher gas pricing from ConocoPhillips, from USD4.36/MMBtu to USD5.44/MMBtu, and from
Pertamina EP Pagardewa, from USD4.42/MMBtu to USD5.33/MMBtu on April 2013, and due to the increase in oil
and gas operating expenses and the purchase and regasification of LNG.
108 Managements Discussion and Analysis PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
*Restated
Gas purchases from Pertamina as shown in the above table consisted of gas purchases from Pertamina EP,
Pertamina Hulu Energi and Nusantara Regas.
*Restated
Cost of oil and gas revenues amounting to USD 173.72 million were generated from a producing block operated by
subsidiary SEI. This increase in the cost of revenues was consistent with the increase in oil and gas production in
2014 over 2013.
cost of lng
Activities 2014 2013* (%)
Contribution Contribution
million USD million USD
% %
LNG 61.82 100.00 - - 100.00
Total 61.82 100.00 - - 100.00
*Restated
November 2014, PGN LNG recorded cost of revenues in the amount of USD 61.82 million from the purchase and
regasification of LNG.
In 2014, net purchases from suppliers that exceeded 10% of consolidated net revenue were purchases from
Pertamina, which is a Government-related entity, and ConocoPhillips, amounting to USD393,006,340 or 11.57%
and USD874,256,578 or 25.73%, respectively, of the total consolidated net revenue for 2014. In 2013, purchases from
Pertamina and ConocoPhillips were USD413,252,606 or 13.77% and USD722,017,816 or 24.06%, respectively, of the
total consolidated net revenue.
Gross Profit
In 2014, PGNs gross profit increased by 3.33% to USD1.46 billion from USD1.42 billion in 2013. This increase was
due largely to the increase in the results of oil and gas operations. Gross profit was also influenced by the increase
in the buying price of gas, increases in oil and gas operating costs, the costs of the operation of the FSRU and the
depreciation of the Rupiah.
109 Managements Discussion and Analysis PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
expenses
Distribution and Transmission Expenses The increase in professional fees was attributable to a
In 2014, Distribution and Transmission expenses rise in consultant fees.
increased by 2.90% to USD301.04 million from
USD292.56 million in 2013. The increase was Other Income
primarily due to an increase in rental costs of In 2014, other income increased by 85.39% to USD50.10
458.96% or USD11.84 million and an increase in million from USD27.02 million in 2013. The increase
the cost of tools and spare parts of 230.33% or was primarily due to the reversal of impairment of oil
USD10.98 million. The increase in rent, tools and gas assets at SEI of USD21.59 million and income
and spare parts were primarily attributable to from penalties amounting to USD12.46 million in 2014, 04
PGASSOLs operational activities. Proportionally, as well as revenues from the sale of non-productive
depreciation remained the biggest component of fixed assets amounting to USD383.24 thousand.
distribution and transmission expenses, totalling
52.76% of the total Distribution and Transmission Other Expenses
Expenses in 2014. In 2014, other expenses increased by USD7.88 million
from USD2.16 million in 2013, an increase of 265.54%. 04
General and Administrative Expenses The increase was primarily due to a cost of revenue
In 2014, General and Administrative Expenses correction in 2013 of USD2.60 million.
increased by 3.37% to USD223.93 million from
USD216.62 in 2013. This was primarily due to an Operating Profit
increase in allowance for impairment losses on In 2014, the Company recorded Operating Profit of
trade receivables of 813.05% or USD6.37 million, an USD982.06 million, an increase of 5.22% compared to
increase in social responsibility and community 2013. This increase was primarily attributable to an
development costs of 145.14% or USD11.64 million, increase in the results of oil and gas operations. Other
and an increase in professional fees of 145.37% factors influencing gross profit were the increases in
or USD16.63 million. The increase in impairment the gas purchase price, oil and gas operating cost and
losses on trade receivables was primarily due FSRU operational costs, and the Rupiah depreciation.
to an increase in the allowance for impairment
losses on trade receivables. The increase in social
responsibility and community development
(SR&CD) costs was primarily due to an increase in
SR&CD costs in 2014 related to SR&CD cost recovery
in accordance with the results of the AGMS dated
17 April 2013.
110 Managements Discussion and Analysis PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
Finance income Company will assess whether the assets are impaired.
In 2014, finance income decreased to USD26.23 When such indications are is found during the
million from USD26.91 million in 2013. This was assessment or recognized during impairment testing,
primarily attributable to the decrease in the the Company will make a formal estimate of the
Companys cash and cash equivalents. The interest assets recoverable amount.
rate for time deposits in 2014 was 5.25% - 11.05%
for Rupiah time deposits and 0.35% - 2.06% for US An individual assets recoverable amount is the
Dollar time deposits. higher amount between the fair value of the asset or
CGU less the cost to sell and its value in use, unless
Finance Costs the assets do not generate cash inflows that largely
Finance costs in 2014 increased to USD75.58 million independent of those from other assets or other
from USD21.86 million in 2013 or an increase of groups of assets. When the carrying amount of an
245.67% due to interest payments on the bond asset or CGU exceeds its recoverable amount, the asset
amounting to USD51.26 million. is considered impaired and recorded to its recoverable
On May 12, 2014 the Company issued a Bond valued amount.
at USD1,350,000,000 which will mature on May
16, 2024, at an interest rate of 5.125% per year which In assessing the value in use, the estimated net future
will be paid every May 16 and November 16, starting cashflows are discounted to their present value using
on November 16, 2014. the pre-tax discount rate that reflects currect market
assessments of the time value of money and risk
Impairment Loses on Goodwill specific to the asset. In determining fair value less
In 2014 there was a goodwill Impairment of USD5.23 costs to sell, recent market transactions are used,
million. This was related to the decline in the global when applicable. If no such transaction is identifed,
oil price at the end of 2014. the Company will use an appropriate valuation
model to determine the fair value of assets. These
Goodwill is the difference between the investment calculations are then validated by valuation multiples
cost and the fair value of the Companys share of the or other available fair value indicators.
net assets of the entity acquired on the acquisition
date. After initial recognition, goodwill is measured Assessment is made at each reporting date as to
at cost minus any accumulated impairment losses. whether impairment lossess found in former period/
year may no longer exist or may have decreased. If
Goodwill is tested for impairment annually and indication is found, the entity will estimate assets
whenever there are indications of impairment. or CGUs recoverable amount. Former recognized
Goodwill impairment is determined by assessing impairment loss of an asset other than goodwill will
the recoverable amount of each Cash Generating be reserved if there has been change in assumptions
Unit (CGU) or group of CGUs to which the goodwill used to determine the assets recoverable amount
relates. If the recoverable amount of a CGU is less since the last impairment loss was recognized. In this
than the carrying amount, an impairment loss is case, the carrying amount of the assets is increased to
recognized. Impairment losses relating to goodwill its recoverable amount. The reversal is limited so that
cannot be reversed in the following period/year. the carrying amount of the assets does not exceed its
recoverable amount, nor exceed the carrying amount,
Impairment Losses on Oil and Gas Properties net of depreciation, supposing that there had been
In 2014 there was an impairment of oil and gas no impairment loss being recognized for the assets in
assets of USD34.66 million. This was related to the prior years.
decline in the global oil price at the end of 2014.
Reversal of impairment loss is recognized as profit or
Oil and gas assets consist of Exploration and loss. After the reversal, asset depreciation is adjusted
Evaluation Assets, as well as Oil and Gas Properties. in future period to allocate the assets revised carrying
At the end of every reporting period/year, the amount, less any residual value, on a systematic basis
over its remaining useful life.
111 Managements Discussion and Analysis PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
Gain on Foreign Exchange-net Pursuant to Law No. 36 of 2008 on the single corporate
In 2014, net gain on foreign exchange decreased income tax rate, which came into effect on January
USD 47.45 million or 44.04% from USD 83.90 1, 2009, PGN is subject a corporate income rate of
million in 2013. The net gain on foreign exchange 25%. According to the Minister of Finance Regulation
was due to the strengthening of the US Dollar No. 238/PMK.03/2008 dated December 30, 2008, the
against foreign currencies, especially Japanese Company will obtain a reduction in the income tax
Yen. However, the strengthening was lower rate of 5% as an incentive for public companies of
than in the previous year. The US Dollar position which more than 40% of the shares are owned by the
against the Japanese Yen on December 31, 2013 public, and which are owned by 300 parties, each of
was JPY104.92/USD, strengthening to JPY119.33/ whom owns less than 5% of the total paid up shares.
USD on December 31, 2014. The US Dollar position Based on this provision, PGN paid corporate income 04
against the Rupiah on December 31, 2013 was tax at 20% in 2014.
Rp12,189.00/USD, and strengthened to
Rp12,440.00/USD on December 31, 2014. Other Comprehensive Income
The presentation of Other Comprehensive Income
Gain on Change in Fair Value of Derivatives- Net After Tax following the adoption of PSAK No. 1 (2009
04
In 2014, the Net Gain on the Change in Fair Revision) on the Presentation of Financial Statements
Value of Derivatives was USD2.18 million, a became effective on January 1, 2011. Other
decrease from USD70.18 million in 2013. Using Comprehensive Income After Tax consists of:
this derivative financial instrument, PGN hedges 1. Changes in Fair Value of Available for Sale
against changes in the fair value of its liabilities In 2014, Other Comprehensive Income After Tax
due to risk of USD/JPY exchange rate fluctuations on Assets Available for Sale increased by USD7.26
in relation to the long-term loans denominated in million from a loss of USD15.77 million in 2013. This
JPY from JBIC. was unrealized gain on the increase in fair value of
available-for-sale assets.
Profit Before Tax Benefit (Expense)
In 2014, Profit Before Tax Benefit (Expense) 2. Difference in Foreign Currency Translation of the
amounted to USD978.77 million, decreasing 8.17% Financial Statement
from USD1.07 billion in 2013. The decrease was In 2014, the Difference in Foreign Currency
attributable to a number of factors, namely an Translation of the Financial Statements of the
increase in finance costs, decrease in net gain Subsidiaries declined by USD1.12 million from
on foreign exchange, decrease in impairment USD14.01 million in 2013. This was due to the
loss on oil and gas assets, goodwill impairment strengthening of the US Dollar exchange rate
and a decrease in the change in fair value of against the Rupiah.
derivatives - net.
112 Managements Discussion and Analysis PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
Profit for the Year Attributable to the Owner of Total Comprehensive Income for the Year
the Parent Entity Attributable to Non-Controlling Interests
In 2014, PGN booked Profit for the Year Attributable Total Comprehensive Income for the Year Attributable
to the Owner of the Parent Entity of USD722.75 to Non-Controlling Interests in 2014 amounted to
million, decreasing by 10.16% from USD804.45 USD24.46 million, decreasing by 28.00% from
million in 2013. The decrease was due to a number USD33.97 million in 2013. The decrease was due to the
of factors including an increase in finance costs, declining financial performance of the subsidiaries.
a decrease in gain on foreign exchange-net,
impairment loss on oil and gas properties, goodwill
impairment, decrease in the change in fair value
of derivatives-net and an increase in deferred tax
expense in Companys subsidiary, SEI. PGNs net
income margin was 21.20% in 2014 compared to
26.80% in 2013.
113 Managements Discussion and Analysis PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
PROFITABILITY RATIO
Remarks 2014 2013*
Net profit margin 21.20 26.80
Return on Assets 18.68 25.95
Return on Equity 32.26 43.09
*Restated
Assets
In 2014, PGNs total assets were valued at USD6.22 billion, consisting of 29.94% Current Assets and 70.06% Non-
Current Assets. This total asset value increased by 43.94% from USD4.32 billion in 2013. The asset growth was
mainly due to oil and gas properties related to acquisitions and participating interests in the upstream sector
by SEI, and a bond issuance in May 2014 amounting to USD1.35 billion.
Current Assets
PGNs current assets increased by 4.51% from USD1.78 billion in 2013 to USD1.86 billion in 2014. This was due to
an increase in trade receivables of USD45.01 million, an increase in other receivables of USD15.23 million from
the Special Task Force for Upstream Oil and Gas Businesses (SKKMIGAS), and the inventories of USD28.06
million of LNG.
In 2014, cash and cash equivalents totalled USD decreased by 7.82% to USD1.22 billion from USD1.32 billion
in 2013. This was primarily due to dividend payments of USD445.88 million, upstream equity investments
which amounted to USD1.06 billion, purchases of LNG and FSRUs operational costs and increases in other
operasional payments. In addition, in May 2014 a USD1.35 billion bond was issued.
This composition of Cash and Cash Equivalents consists of Cash and Bank amounting to USD640.71 million
and USD575.10 million of Cash Equivalents in the form of unrestricted Time Deposits, comprised of 19.86%
in IDR, 79.56% in USD, 0.57% in Yen and 0.01% in SGD. Cash Equivalents in the form of time deposits were
placed in several foreign and domestic banks, of which 70.83% was denominated in USD and 29.17% was
denominated in Rupiah. The average interest rate on USD time deposits was 0.35% 2.06% and on IDR time
deposits was 5.25% - 11.05%.
Short-Term Investments
In 2014, short-term investments amounted to USD92.59 million, an increase of 8.44% from USD85.38 million
in 2013 that was due to the increase in fair value of the investments.
The fair value of short-term investments as of December 31, 2014 was as follows:
SHORT-TERM INVESTMENTS
Remarks Original Transaction 2014 2013*
Millon million
Million USD Million USD
Rupiah USD
Pertamina - 65.49 65.49 65.49
Antam 25,000 - 2.01 2.05
Perum Pegadaian 20,000 - 1.61 1.65
SBSN - 4.00 4.00 4.00
INDON - 14.81 14.81 14.81
Lembaga Pembiayaan Ekspor Indonesia 50,000 4.02 4.10
Sub Total 91.94 92.10
Changes in fair value and Discount 0.64 (6.72)
Total 92.58 85.38
*Restated
115 Managements Discussion and Analysis PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
Other Receivables
Other receivables increased by 143.09% from USD35.86 million in 2013 to USD87.18 million in 2014. This
increase was due to increases in reimbursable VAT amounting to USD 26.94 million from the Special Task
Force for Upstream Oil and Gas Businesses (SKK MIGAS) and due to receivables from PT Hoegh LNG Lampung
04
representing payments of value added tax on machinery and equipment imports by PGN LNG on behalf of
PT Hoegh LNG Lampung amounting to USD24.41 million.
Non-Current Assets
SEIs acquisition of Pangkah PSC from KUPFECs ownership increased goodwill by USD35.53 million, which
was impaired entirely in the 2013. In 2014, SEIs acquisition of Pangkah PSC ownership from Hess Indonesia
generated goodwill amounting to USD13.13 million which was impaired by USD5.23 million in 2014. SEIs
acquisition in 2014 of Pangkah Hess Indonesia Pangkah Limited generated goodwill of USD39.34 million,
which was not impaired. The goodwill impairment in 2014 was caused by the decline in global oil prices.
Liabilities
At the end of 2014 PGN booked Total Liabilities of USD3.25 billion, consisting of 33.52% Current Liabilities and
66.48% Non-Current Liabilities. The value of Total Liabilities increased by USD 1.61 billion or 97.58% from
USD1.65 billion at the end of 2013, mainly due to the issuance of the USD1.35 billion bond in May 2014.
Current Liabilities
Current Liabilities increased by 23.08% from of gas. The price difference arose due to gas purchase
USD886,13 million in 2013 to USD1.09 billion in 2014. price increases which took place in September 2012
This was mainly due to by increased contractor and April 2013, but were only billed in 2014.
liabilities related to the progress of work on
pipelines. On the other hand, there were short-term Accrued Liabilities
loan repayments of USD300 million in 2014. The Accrued liabilities increased 270.53% from USD180.46
composition of Current Liabilities was comprised million in 2013 to USD668.66 million in 2014. This was
12.63% of Trade Payables, 61.31% of Accrued mainly due to an increase in liabilities to contractors
Liabilities; 3.78%; of Short-Term Employee Benefits, and suppliers of USD336.68 million and liabilities
10.53% of Other Payables%; 3.76% Tax Payables and related to oil and gas activities of USD129.15 million.
7.99% of Currently Maturing Long Term Loans.
Other Debt
Trade Payables Other debt increased by 99.36% from USD57,61 million
Trade payables decreased by 13.05% from in 2013 to USD114,85 million in 2014. This was mainly
USD158,32 million in 2013 to USD137.66 due to by a rise in liabilities to contractors in the
million in 2014 primarily due to debt repayment amount of USD56.56 million.
to Pertamina on differences in the purchase price
118 Managements Discussion and Analysis PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
Non-Current Liabilities
Other Payables
Other payables of USD12.46 million are ship or pay
liabilities related to the payments received by TGI
for shortages in gas distribution in line with the
provisions on minimum quantities based on the gas
transportation agreements (GTA).
119 Managements Discussion and Analysis PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
Equity
eQUITY
Remarks 2014 2013* (%)
Contribution Contribution
million USD million USD
% %
Share capital 344.02 11.61 344.02 12.88 -
Treasury stock (0.25) (0.01) (0.25) (0.01) -
Other paid-in capital 157.25 5.31 157.25 5.89 -
Retained earnings 2,317.40 78.21 2,040.53 76.39 13.57
Other components of equity (51.16) (1.73) (52.23) (1.96) (2.05)
Non-controlling interest 195.81 6.61 181.82 6.81 7.69
Total 2,963.07 100.00 2,671.14 100.00 10.93
*Restated
Equity increased by 10.93% from USD2.67 billion in 2013 to USD2.96 billion in 2014. This increase was
primarily due to the accumulation of retained earnings as a result of Profits that are attributable to Owners
of the Parent Entity in the current year. Other equity components consists of actuarial gains and losses and
foreign exchange differences from translation of financial statements of subsidiaries and the fair value of
financial assets available for sale.
04
Cash Flow
The cash and cash equivalents position declined by other hand there were increased payments for natural
7.82% from USD1.32 billion in 2013 to USD1.22 billion gas purchases from Pertamina EP Pagardewa and
in 2014, primarily due to a dividend payment of ConocoPhillips SSWJ, as well as the payment of bond
USD454.45 million, investments in the upstream interest expense.
sector of USD1.06 billion, purchases of LNG, FSRU
operating costs, and an increase in other operating Cash Flow from Investing Activities
expenses. On the other hand, a USD1.35 billion bond Cash flow from investing activities escalated by
was issued in May 2014. 102.71% from USD666.54 million in 2013 to USD1.35
billion in 2014. This was primarily caused by increased
Cash Flow from Operating Activities investment in the upstream sector through SEI in
Cash flow from operating activities increased oil and gas blocks amounting to USD1.06 billion, the
by 8.18% from USD828.88 million in 2013 to increase in pipeline construction and the expansion
USD896.66 million in 2014. The influencing factors and investment in Lampung FSRU facilities.
to this were receipts from customers but on the
120 Managements Discussion and Analysis PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
debt service
As of 31 December 2014, the debt to equity ratio increased from 0.38 in 2013 to 0.64 in 2014, and the debt
service coverage ratio decreased from 8.42 in 2013 to 6.47 in 2014. This downtrend could be traced back to the
corporate action of bond issuance in May 2014. Nevertheless, PGNs overall ability to repay debts remained
relatively stable.
Collectibility
At the end of 2014, the Companys collection period was relatively sound at 35 days. This figure was obtained by
dividing the account receivables balance at 31 December 2014 by the net income for 2014, and then multiplying
by number of days in a year (365 days). This indicated that the Companys customer billing was still effective.
In order to mitigate the risk of uncollectible receivables, the Company applies a subscription guarantee for all
customers. The collateral is accepted in the form of Bank Guarantees, SBLC, cash and other forms as stated in
terms of gas subscription. With this guarantee, if customers fail to repay their debts, the Company may redeem
the collateral to settle the debts.
Capital Structure
CAPITAL STRUCTURE
2014 2013* (%)
Contribution Contribution
million USD million USD
% %
Short-term bank loan - - 300.00 8.11 (100.00)
Total Long-term loan 560.17 11.54 725.96 19.64 (22.84)
Current maturities of long term 87.13 15.55 113.98 15.70 (23.56)
Long-term 473.04 84.45 611.98 84.30 (22.70)
Obligation payable 1,332.26 27.44 - - 100.00
Equity 2,963.07 61.02 2,671.14 72.25 11.00
Total Capital Structure 4,855.50 100.00 3,697.10 100.00 31.33
121 Managements Discussion and Analysis PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
On 12 May 2014 the Company issued a bond worth Realization of Capital Investment
USD 1.35 billion, which will mature on 16 May 2024, 1. Type of Capital Investment
at an issue price of 99.037%. The trustee for the In 2014 PGN completed the construction of the
bond is the Bank of New York Mellon. The bond has supporting facilities for the Lampung FSRU. These
a coupon rate of 5.125% per annum, payable semi facilities consisted of mooring systems, offshore
annually on 16 May and 16 November, starting on receiving facilities, offshore pipeline and onshore
16 November 2014. According to Moodys Investors terminal facilities.
Service, Standard & Poors (S & P), and Fitch Ratings, 2. Investment Purpose
the ratings for the bond were respectively Baa3, BB The purpose of the Lampung FSRU supporting
+ and BBB-. facilities is to regasify LNG and carry the regasified
gas to PGNs pipeline network. This was part of the
On 28 August 2014, the Company entered into a business expansion and could be considered as a
syndicated loan facility of USD650 million with commitment to strengthen long-term gas supply
several banks, namely the Australian and New resilience through the LNG regasification process
Zealand Banking Group Limited (ANZ), The Bank of without relying on gas wells, as well as to improve
Tokyo-Mitsubishi UFJ, Ltd. (BTMU), Citigroup Global service to customers. The FSRU will increase PGNs
Markets Singapore Pte (Citi), The Hongkong and gas supply in the long term to address customers
Shanghai Banking Corporation Limited (HSBC), and needs and to contribute to growing the Companys
Sumitomo Mitsui Banking Corporation (SMBC). revenues.
The loan will mature on 28 October 2019. The 3. Investment Value
loan consists of an Onshore portion of USD 590 The development of facilities for the Lampung 04
million with annual interest of Libor + 1.85% and FSRU had an investment value of USD353 million.
an Offshore portion of USD60 million with annual
interest of Libor + 1.60%. As of 31 December 2014, Target Achievement in 2014
the Company had not drawn down any of the In 2014, PGN managed to capture significant
syndicated loan facility. business opportunities. However, PGN also dealt
04
with challenges and conditions that constrained the
The bond issuance and loan facilities are intended companys ability to fully achieve the targets set in
to fund capital expenditure and working capital the prior year.
and other general corporate purposes.
The summary of achievements against the 2014
Management Policy on Capital Structure performance targets is as follows:
The Companys capital structure policy is to Revenue at 85.95% of the target. This was primarily
maintain the debt ratio in line with (not exceeding) due to the fact that target RKAP 2014 gas selling
the financial covenants in PGNs loan agreement to prices were not yet achieved. Gas selling price
the European Investment Bank (EIB), namely a debt were not yet adjusted to customers due to socio
to equity ratio of 66%: 33%. economic considerations during the election period.
This, in turn, restricted the Companys ability to
Material Commitments related to Capital reach the revenue target. In addition, the sales
Investment volume also missed its target because the volume
As per the end of 2014, there were no material of gas supply was lower than expected, while
commitments related to capital investment at PGN. some customers reduced their gas consumption.
This was thought to be influenced by the increase
in production costs associated with increases in
regional minimum wages and electricity tariffs, as
well as the weakening of the Rupiah.
122 Managements Discussion and Analysis PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
3. On 30 January 2015, PGN and PT Bank Negara Indonesia (Persero) Tbk signed the second amendment of
non-cash loan facility agreemnent, whereby both parties agreed to extend the term of the agreement until
18 December 2015.
4. On 16 February 2015, PGN received a Confirmation of Taxpayer Compliance with Specified Criteria from
the Directorate General of Taxation through Decision of the Director General of Taxation No. KEP-245/
WJP.19/2015. This indicates that PGN has applied GCG principles with regard to the administration and
payment of tax in compliance with the prevailing regulations.
5. On February 18, 2015, PGN has withdrawal a portion of its syndicated loan.
Business Prospects
The Indonesian economy continues to strengthen at a promising growth rate. Based on Bank Indonesia
projections, Gross Domestic Product reached 5% in 2014. Over the next five years, the outlook for Indonesias
economic growth remains positive, which will drive growth in energy consumption. Indonesias strategies on
the energy mix are designed to meet this soaring need. According to the National Energy Board (Dewan Energi
Nasional), the contribution of natural gas to the energy mix is projected to remain steady at 22%, but in terms
of volume the need by 2020 is expected to increase two-fold.
Petroleum-based fuel continues to dominate energy consumption. The Government is pushing for a conversion
to other energy sources by encouraging the increased use of natural gas. This policy is backed up by the fact
that Indonesia possesses sizeable reserves of natural gas.
04
Proven : 101.54
Potential : 48.85
04
Total : 150.39
6.93
1.20
50.48
8.06
18.32
3.18
5.89
15.21
Source : Outlook Energi Indonesia 2014, Dewan Energi Nasional Republik Indonesia
124 Managements Discussion and Analysis PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
INTERVIEW WITH
DJOKO SAPUTRO
DIRECTOR OF TECHNOLOGY AND
DEVELOPMENT
How was the performance PGN continued to expand its natural gas pipeline network.
Q A
of the natural gas In 2014, the construction of a 164-km long pipeline added the
pipeline development pipeline length from 5,997 kilometers in 2013 to 6,161 km in 2014.
in 2014? The development took place in PGNs existing areas as well as in
new areas such as Lampung. This shows that PGN continues to
be the leading developer of natural gas pipeline infrastructure.
How is the development of Until now, PGN has managed to build infrastructure gas
Q A
gas transportation modes transportation modes other than pipelines. The development
apart from pipelines of a floating storage and regasification unit (FSRU) in Lampung
such as LNG FSRU, MRU was a strategic milestone. LNG will play an increasingly 04
and others? important role, not only for PGNs business growth,
but also related to the overall structure of the Indonesian
energy industry.
What is the plan for In 2015 and the following year, we remain committed to build
Q A
natural gas infrastructure our natural gas pipeline infrastructure. Presently we have
development in 2015 and developed distribution market in Semarang and planned to
the following year? start the business operation in the region in 2015.
PGN has taken strategic measures to achieve its Land-Based LNG Receiving Terminal
vision by developing its business to encompass PGN intends to build a Land-Based LNG Receiving
all potential markets for Indonesias natural gas Terminal to capture the business opportunities
and to dominate the natural gas business chain offered by natural gas exploitation in Indonesia. The
from upstream to downstream. Its strength in the increasing growth of potential natural gas markets
upstream business is evidenced by the Companys in Java has convinced the Company to develop this
interests in several gas fields in Indonesia, which are business. In the Beyond Pipeline era, Land-Based
spread throughout Sumatera, Java and Kalimantan, LNG Receiving Terminals offer an effective means
as well as in Fasken, Texas in the United States. In of delivering natural gas from suppliers in different
the midstream business, PGN continues to develop locations and sources to the customers.
its pipeline system by improving network reliability
in existing areas and expanding network coverage Minority Participation in the Upstream Sector
by building infrastructure in new areas. Moreover, to To expand access to gas supplies, PGN will seek
expand its service area, PGN has explored alternative minority ownership participation in companies
gas transportation modes such as CNG and LNG. In engaged in the upstream natural gas business. In
order to strengthen the reliability of gas supply, addition, PGN will also invest in producing natural gas
PGN plans to build a Land Based LNG Terminal in fields, as well as fields that have Plan of Development
Java. PGN will also exploit the potential in the (POD) approval from SKK Migas, and fields with small
power generation and integrated industrial to medium scale remaining reserves.
park businesses to deliver added value with
the utilization of natural gas. These planned At the beginning of 2014, PGN bought the remaining
investments in business development are expected 75% ownership stake in Pangkah PSC from Hess
to yield positive results in line with the sound Indonesia Pangkah Ltd and Hess Pangkah LLC. This
financial condition of the Company. policy was in accordance with the long-term plan of
the subsidiary, SEI, to be an E&P operator and to have
Lampung LNG Receiving Terminal a balanced portfolio of exploration and production
In 2014 PGN completed the construction and assets. In addition, PGN, through its subsidiary
redesign of the Floating Storage and Regasification SEI, acquired 36% of the stock of Swift Energy Co.
Terminal (FSRU) in Lampung, utilizing the design of ownership of Fasken Area in the United States
the FSRU in Medan. of America.
Integrated Industrial Estate b. The development of CNG, gas filling stations (SPBG)
The industrial sector is PGNs second largest and MRU
customer after power plants. The high consumption For the transportation sector.
volume in this sector offers an opportunity for To accelerate the development of the CNG and
business development in integrated industrial SPBGs business for the transportation sector,
zones. The plan is to integrate such industrial PGN is working in synergy with its subsidiary,
zones with PGNs existing facilities and networks. GEI, to accelerate the construction, operation and
The establishment of the subsidiary PT Permata maintenance of the stations. As of December 2014,
Graha Nusantara (PGN MAS) in 2014 was the the PGN group had built and operated 5 new SPBGs
Companys first step towards developing the asset for the transport sector and 6 new MRUs to serve
management and services business. consumers in Jakarta, Tangerang, Cilegon, Surabaya
and surrounding areas. The operation of SPBGs
MARKETING STRATEGY for the transportation sector and MRUs can help
In 2014, PGN pursued a number of marketing/ the Government to speed up the conversion from
sales strategies to increase sales and defend the petroleum-based fuel (Bahan Bakar Minyak or
existing markets. These strategies were either BBM) to gas based fuel (Bahan Bakar Gas or BBG)
executed solely by PGN or in collaboration with the and reduce fuel subsidies. All investment, operation
subsidiaries. and maintenance is financed by the PGN group and
a. Free Surcharge Incentives. therefore does not burden the state budget.
To maintain the balance of supply and sales,
PGN applies a surcharge on gas usage above c. PGN Cares for Mothers (PGN Sayang Ibu) Program
the maximum specified in the contract, in order On March 25, 2014, PGN launched the PGN Sayang
to encourage customers to keep their gas use Ibu program to accelerate gas utilization in the
within the agreed limits. This action was taken household sector and support the Governments
in order to maintain a stable gas pressure in efforts to reduce LPG subsidies. The PGN Sayang
the pipelines and to ensure that the contracted Ibu program is an ongoing project with a target of
volumes of gas are available for customers whose installing gas in 1 million households.
factories are located at the end of the distribution
pipeline or far from the off-take station. In 2014, At the same time, the Government of Indonesia
PGN provided free surcharge incentives to SBUs/ through the Ministry of Energy and Mineral
areas where the gas supply is greater than the Resources (ESDM), is seeking to increase the
contracted customer demand. The free surcharge utilization of gas for domestic needs by developing
is also applied during the low season, namely the City Gas Network (Jaringan Gas Kota / Jargas)
during public holidays such as Eid al Fitr and for the household sector. In 2014 some 13,000
New Year. potential customers were identified in Jakarta,
Tangerang, Bogor and Cirebon. In 2014, 2,292 of
these City Gas customers were managed by PGN =
in Jakarta, Tangerang, Bogor and Cirebon.
129 Managements Discussion and Analysis PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
PGN is presently processing the take over the PGN is also committed to developing the Semarang
City Gas network management in several other Area. In March 2014, President Susilo Bambang
cities through the ESDM Ministry. In the coming Yudhoyono inaugurated the Integrated Natural
years, PGN will continue to provide the best Gas Infrastructure Development Project in Central
service and a speedy installation process for new Java. This project covers the construction of a
City Gas customers. 207 Km transmission pipeline from Kepodang to
Tambaklorok (Kalija I), linking the Kepodang Gas
d. Expansion of Market Services Field with the Tambak Lorok Power Plant and the
In 2014, in line with PGNs plan to develop 1,200 Km Kalija II pipeline, which will connect gas
new markets, PGNs promotional activities sources in East Kalimantan to Java. Distribution
included the installation of billboards in the pipelines will be constructed along three corridors:
city of Lampung, Semarang, Dumai and along Kendal - Semarang (48 km), Ungaran area (34
the Jakarta-Cikampek toll road. This promotion km) and Pekalongan - Solo -Pati (235 km). For
was positively received by local businesses, and the distribution project, in 2014 PGN completed
generated new subscription requests and Gas the development of a gas market in Tambak Aji,
Sales Agreements (GSA) with PGN. Semarang, using the cluster model. The gas was
supplied from the Surabaya Area using CNG and
MARKETING ASPECTS AND MARKET SHARE channeled to the Tambak Aji cluster using a Pressure
PGN has proactively taken the necessary steps to Regulating System (PRS). Since November 2014, PGN
maintain and increase its market share and sales has been distributing gas to industry and household
volume. These steps include the formulation and customers in the Tambak Aji cluster, Semarang. 04
implementation of marketing strategies.
Building strong relationships and understanding
In addition to market development in the existing the customers are keys to defending market share
operational areas, PGN seeks to expand the sales and the business itself over the long run. As a result,
area through the development of new markets. In customer satisfaction is critical. The Management of
04
2014 PGN initiated the development of new markets PGN is committed to ensuring customer satisfaction
in Lampung, Semarang and Dumai. by improving the Companys customer service.
This includes regular site visits to collect customer
The new market in Lampung was developed feedback and to share the latest news on natural gas
following the operation of the Lampung FSRU to business activities. PGN also holds regular customer
address the potential demand from the household, gatherings in all SBUs and Areas.
transportation, commercial, industrial and power
plant sectors. The new Lampung Area market will
optimize the absorption of gas from the Corridor
Block field. In June 2014, PGN held a GSA signing
ceremony with 14 industrial customers. As of
the end of 2014, 90 km of distribution pipeline in
Lampung had been commissioned.
130 Managements Discussion and Analysis PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
The strong demand for natural gas has ignited the and conditions were determined by the Board of
competition in the natural gas transmission and Commissioners. The company then established three
distribution business. However, the availability programs for ESA participants, as follows:
of gas supply and infrastructure is still limited. 1. To provide ESA participants free shares, as a
Through various sales strategies and customer token of appreciation for their contribution to the
service programs in 2014, PGN was able to control Company, amounting to an average of 2 times the
approximately 81% of the distribution market monthly income. The shares from this program
and 49% of the transmission market in Indonesia shall not be sold within 1 year after the listing date
(including the gas transmission pipelines operated on the Stock Exchange, and shall not be taken in
by the subsidiaries). cash by ESA participants.
2. ESA participants can also buy shares using their
DIVIDEND POLICY 2003 annual bonus at an 18% discount from the
As stated in the IPO prospectus, PGNs dividend offering price, up to a maximum value of 3 times
policy is to distribute a maximum of 50% of net their monthly earnings. The shares bought through
income. However, in the last 2 years, the dividend this program shall not be sold within 1 year of the
payout ratio to shareholders has averaged above listing date on the Stock Exchange, and shall not be
50%. On March 27, 2014, the 2013 Annual General taken in cash by ESA participants.
Meeting of Shareholders decided to distribute 3. If ESA participants are willing to use their rights
a total cash dividend for fiscal year 2013 of in program #1 and #2, they are also given the
5,100,024,084,438 (equivalent to USD445,884,253), opportunity to buy more shares in cash by using
or 51.81% of net income, giving a dividend of their own funds, at an 18% discount from the
Rp210.40 per share. offering price. The shares bought through this
program shall not be sold within 1 year of the
listing date on the Stock Exchange, and shall not be
taken in cash by ESA participants.
Remarks 2014 2013
Cash Dividend (In million Rp) 5,100,024 4,915,075 Based on the decision of the Board of Commissioners
Dividend Per Share (Rp) 210.40 202.77 meeting on 17 November 2003, those eligible for the
*Restated MSOP program were the Board of Directors, Board of
Commissioners, and senior management at a certain
EMPLOYEE STOCK OWNERSHIP PROGRAM level. In this program, the number of new shares
AND/OR MANAGEMENT STOCK OWNERSHIP issued shall not exceed 5% of the subscribed and paid
PROGRAM (ESOP / MSOP) up capital, with a maximum issue period of 3 years,
According to the Extraordinary General Meeting which will be implemented in 3 phases over
of Shareholders on 3 November 2003, and as a total implementation period of 5 years with the
stated in the Deed No. 5 from Fathiah Helmi, SH, following details:
the shareholders approved the Employee Stock
Ownership Program (ESA) and the Management
Stock Ownership Program (MSOP), which terms
131 Managements Discussion and Analysis PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
South Sesulu Block. SEI acquired 100% of the INFORMATION ON MATERIAL TRANSACTIONS WITH
ownership of the South Sesulu exploration A CONFLICT OF INTEREST AND TRANSACTIONS WITH
block from Hess (Indonesia-South Sesulu) AFFILIATES
Limited. To support the operations of the Company and
West Bangkanai PSC. SEI acquired a 30% to improve performance and effectiveness with
interest in the West Bangkanai exploration regard to reaching the Companys short-term and
block from Salamander Energy (West long-term goals, the Company has forged synergies
Bangkanai) Limited. with its subsidiaries, which are related to loans and
investments to finance the subsidiaries.
In the midstream segment, the Company
upgraded the Muara Bekasi Station and Loan to the Subsidiaries
changed the PLN Muara Tawar meter from a 1. Parties to the Transaction
turbine meter to an Ultra Sonic Meter (USM) In 2014, the Company granted loans in the form
to improve the reliability of the gas flow of Shareholder Loans (SHL) to these subsidiaries:
measurement system. PGASCOM, GEI, SEI, and PGASOL. A loan was also
extended to KJG, a second level subsidiary of
In the downstream segment, the Company the Company.
carried out replacements and additions to the
length of the distribution pipeline and facilities 2. Justification of the fairness of the transactions
in support of reliable PGN gas distribution All transactions were carried out at fair market
to customers. value with loan interest rates that referred to the
market interest rates. They also upheld sound
Other operational segments comprise Assets corporate governance principles and were in
Underconstruction at the Project Management accordance with accepted business practices.
Office that are related to the distribution
network, assets and facilities related to FSRU 3. Reason for transactions
Lampung and Assets Underconstruction related The SHLs were granted to ensure that the
to the Kalija Project. subsidiaries had sufficient funding to invest and
develop their business, which in turn will support
2. Investment Value the business sinergy within the PGN Group.
The total value of investments and acquisitions
was USD2.68 billion, consisting of USD1.50 billion 4. Realization of the transactions
for the upstream segment; USD23.14 million for The realization of the SHL transactions in 2014 was
the midstream segment; USD53.41 million for the as follows:
downstream segment and USD1.09 billion for Loan to PGASCOM of Rp142 billion
other operations. Loan to GEI of USD20 million
Loan to SEI of USD448.35 million
3. Sources of Funds Loan to PGASOL of USD34 million
The funds used to finance the investments and Loan to KJG of USD65 million
acquisitions above came from the Companys
internal and external resources through the
issuance of bonds and commercial loans.
133 Managements Discussion and Analysis PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
5. Company policy on the transaction review 5. Company policy on the transaction review
mechanism mechanism
The Company has a task force to review and The Company has a task force to review and
evaluate the performance of the subsidiaries. evaluate the performance of the subsidiaries.
Performance reviews were conducted Performance reviews were conducted periodically
periodically to ensure that transactions were to ensure that the transactions carried out by the
consistent with the intended purpose of the loan. subsidiaries were in accordance with the purpose
of the investments.
6. Compliance with relevant regulations and 6. Compliance with relevant regulations and
provisions provisions All the transactions above were carried
All the transactions above were carried out out in compliance with the relevant rules and
in compliance with the relevant rules and regulations and by upholding GCG principles.
regulations and by upholding GCG principles. The approval of investments complied with the
The approval of the provision of SHLs complied Companys Articles of Association.
with the Companys Articles of Association and
other corporate rules. CHANGES IN LEGISLATION
Changes in regulations related to PGNs business
Investments in the Subsidiaries activities included the following:
1. Parties to the Transaction Decree of the Head of the Downstream Oil and Gas
In 2014, the Company made investments in these Regulator (BPH Migas) No. 01/TARIF/BPHMIGAS/
subsidiaries: SEI and PGN LNG. KOM/2014 on the Application of Transportation Rates 04
2. Justification of the fairness of the transactions for Natural Gas through Transmission Pipeline in
All the investments above were executed at fair Gresik (South Sumatera) to Muara Bekasi (West Java)
market value and upheld the principles of sound and Pertaminas Pagar Dewa Receiving Point (South
corporate governance and accepted business Sumatera) to Bojonegara (Banten) for PT Perusahaan
practices. Gas Negara (Persero) Tbk.
04
3. Reason for transactions
The investments were made to ensure that the With this BPH Migas decree, PGN is required to
subsidiaries had sufficient funding to invest and implement a new tariff scheme on the transportation
develop their business so that it can support the of natural gas through the SSWJ pipeline operated by
synergy within the PGN Group. the Company, changing from a postage stamp tariff to
4. Realization of transactions an entry-exit tariff. The tariff changes are illustrated
The investments realized in 2014 were as follows: in the following table:
Investment in SEI of USD 529.54 million
Investment in PGN LNG of USD 255.97 million
Investment in Permata of USD 7.63 million Before 30 After 30
January 2014 Januari 2014
Receipt Point Delivery Point
(Postage (Entry Exit
Stamp Tariff) Tariff)
Pagardewa Bojonegara 1.55 1.55
INTERVIEW WITH
MUHAMMAD WAHID SUTOPO,
DIRECTOR OF INVESTMENT PLANNING AND
RISK MANAGEMENT
How did the Companys In general the performance of the Companys subsidiaries
Q A
subsidiaries perform improved in 2014 compared with 2013 performance. As an
in 2014? example, a subsidiary in the upstream sector carried out a
number of activities enabling it to become an operator of oil
and gas fields as well as acquire a participating interest in a
shale gas field in the United States. Whereas in the downstream
sector, subsidiaries developed Mobile Refueling Units (MRU)
and Gas Fueling Units (SPBG) to promote the utilization of
natural gas and decrease dependence on oil.
04
Has the investment in In 2014, the upstream subsidiary contributed significant
Q A
upstream acquisitions growth in revenue from the upstream business in the amount
made contributions of USD298 million in 2014 compared with USD35 million
to PGN? in 2013. This is the result of investments in, or acquisitions of,
oil and gas blocks.
04
What is the progress of the At the beginning of 2014 we finished the construction of our
Q A
LNG business and what are second floating LNG terminal or FSRU in Lampung and it began
your expectations for the commercial operations. Initially, gas from this terminal will
coming year? be absorbed by the power plant sector, but we expect to also
approach other sectors in the future, depending on market
demand and purchasing power.
136 Managements Discussion and Analysis PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
PGN is able to manage and control the pipeline channels long distance through
the Supervisory Control and Data Acquisition (SCADA) System.
137 Analisa
Good Corporate
dan Governance PT Perusahaan Gas Negara (Persero) Tbk
Pembahasan Manajemen Annual Report
Laporan Tahunan
2014
2014
05
Good Corporate
Governance 05
139 Good Corporate Governance PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
05
Commitment to the 7 6.826 97.52% The GCG Guide, the Employee Code of Conducts, and the Whistle-Blowing
Continuous Application System Guide have been published on our website http://pgn.co.id. The
of GCG Company portal http://portal.pgn.co.id is also accessible to all employees.
Management and reporting of the State Officials Assets Report (LHKPN)
was carried out by all applicable officials.
The Company has performed a check and balance to ensure the Company
has not deviated from the applicable provisions, though this is not yet
optimized.
Shareholders and GMS 9 8.561 95.12% Shareholders/GMS have completed appraisals of the Board of
Commissioners candidates through Board candidate suggestions, and
completing the appraisals based on their competence.
Board of Commissioners 35 30.187 86.25% The Board of Commissioners has completed a training program and
practiced in sharing knowledge.
The Board of Commissioners has provided related guidance to internal
control, risk management, provision of goods and services, IT systems,
accounting and quality policies, and career development and services.
The Board of Commissioners has ensured that the Internal and External
Audits were completed effectively.
The Secretary of the Board of Commissioners has performed
administration and document storage for the Board.
The committees under the Board of Commissioners possess the
Committee Charter and work program, as well as report the activities and
assignment results they receive to the Board of Commissioners in the
form of Quarterly Reports and individual reports from each committee.
Board of Directors 35 32.906 94.02% The Board of Directors has completed a capability improvement program
to improve board member competency in accordance with the Board
Manual provisions.
The Board of Directors has composed and submitted a performance
incentives proposal to the GMS.
The Board of Directors has implemented a product and services quality
improvement system through quality dissemination and certification.
The Company has carried out corporate social responsibility to support
the corporate operation sustainability in accordance with Company
policies.
The Board of Directors has signed a conflict of interest statement, as well
as listed personal and family shares ownership
Information Disclosure 9 8.581 95.35% The Company has established the Company information control
and Transparency procedures and systems to secure important Company information.
The Company website provides public information in a cost-effective,
straightforward, and timely manner. The Company also has other
channels that provide important Company policy information, which
include the Company portal http://portal.pgn.co.id, and PGNs internal
magazine, Inside.
Important Company information and policies are available on our website
for easy access.
Other Aspects 5 5.000 100% The Company has now become a benchmark of comparison for other
companies.
The Company received several awards at the 2013 Annual Report Awards
held by the League of American Communications Professionals, which
included:
1. The Vision Award at the 2013 LACP Platinum Awards
2. 4th Place at the Annual Report Worldwide Top 100
3. 2nd Place at the Annual Reports in the Asia-Pacific Region Top 80
4. Top 10 Indonesian Annual Report of 2013
Our contact center received the 2014 Best Agent Inbound Regular and
Best Office Contact Center.
The Safe Work Hours Award from the Governor of East Java for SBU
Distribution Area II for 7,977,373 work hours up to 31 October 2014.
The Zero Workplace Accidents Award for SBU Distribution Area II from the
Ministry of Labor and Transmigration, for 7,977,373 work hours up to 31
October 2014.
The K3 Orderly Award for SBU Distribution Area I from the Jakarta Labor
and Transmigration Service on 19 March 2014.
Total Score 100 92.061 92.06%
GCG Implementation
Very Good
Quality Rank
143 Good Corporate Governance PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
Board of Board of
Directors Commissioners
Corporate Secretary
Audit Committee
Internal Audit Unit
Risk Management
Risk Management Monitoring and Business
Auxiliary Development Committee
Organs Investor Relations
05
Nomination and
Corporate Social
Remuneration Committee*
Responsibility
Corporate Governance
In 2014, PGN held its Annual GMS on 27 March Annual GMS Results 2014
2014. This GMS was held pursuant to Law No. 40 The results of the Annual GMS on 17 April 2013 were
of 2007 regarding Limited Liability Companies, as follows:
and BAPEPAM Regulation No. IX.I.1 regarding the
plan and implementation of the General Meeting 1. Approved the Annual Report regarding the
of Shareholders. condition and operation of the Company,
including the 2013 Financial Year Board of
Annual GMS on 27 March 2014 Commissioners Oversight Duties Report, and the
Notices of the plan to hold the Annual GMS were 2013 Financial Year Partnership and Community
published in three national newspapers on Development Program Annual Report;
25 February 2014.
The invitation to the Annual GMS was published 2. a. Approved the ratification of:
in three national newspapers on 12 March 2014. 1) The Companys 2013 Financial Year
The results of the Annual GMS were announced Consolidated Financial Statements, which
in three national newspapers on 1 April 2014. were audited by Public Accountants
Purwantono, Suherman & Surja (Ernst &
The agenda of the Annual GMS on 27 March 2014 Young), pursuant to their report No. RPC-
was as follows: 4876/PSS/2014, dated 25 February 2014, with
1. Approve the Companys 2013 Financial fair reasoning in all material respects;
Year Annual Report, the 2013 Financial Year 2) The 2013 Financial Year Partnership
Partnership and Community Development and Community Development Program
Program Report, and the Board of Commissioners Financial Statements, which were audited
2013 Financial Year Oversight Duties Report; by Public Accountants Purwantono,
2. Ratify the Companys 2013 Financial Year Suherman & Surja (Ernst & Young),
Annual Financial Statements, including the pursuant to their report No. RPC-4940/
2013 Financial Year Partnership and Community PSS/2014, dated 25 February 2014, with fair
Development Program Financial Statement, reasoning in all material respects;
and the release and discharge of members b. Released and discharged in full (volledig acquit
of the Board of Directors and the Board of et decharge) the members of the Board of
Commissioners from their responsibilities for the Directors from their management duties of the
2013 Financial Year; Company, and to the members of the Board
3. Determine the utlization of the Companys of Commissioners for the oversight of the
profits for the 2013 Financial Year, and determine Company and the Partnership and Community
the dividends; Development Program that was carried out
4. Determine the Public Accountants that will audit in the 2013 financial year, provided that such
the 2014 Financial Year Financial Statements, actions are not in conflict with any prevailing
and the 2014 Financial Year Partnership and regulations or laws, and are recorded in the
Community Development Program Financial Companys 2013 Financial Year Annual Report
Statements; and Financial Statements, and the 2013
5. Determine the remuneration of the members of Financial Year Partnership and Community
the Board of Commissioners and Board Development Program Financial Statements;
of Directors;
6. Approve the implementation of any regulations 3. a. Approved the utilization of Current Earnings
made by the Minister for State-Owned That Can Be Attributed to the Owners of the
Enterprises; and Holding for the 2013 financial year, which
7. Decide any changes in the Companys management. amounted to a total of US$860,533,234 and
detailed as follows:
145 Good Corporate Governance PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
after the payment of the dividends in Point Discharge of Duties of the Board of Commissioners
1.a) above will be recorded as Appropriated During 2014, the Board of Commissioners carried out
Reserves; the following duties and activities:
l. The Business Plan and Company Budget 3. Responding to periodic reports from the Board of
(RKAP) for 2015; and Directors, as well as the Companys 2014 Quarterly
m. The Long-Term Company Plan (RJPP) for Financial Statements to the Dwiwarna Shareholder;
2015-2019;
4. Carried out the Board of Commissioners duties in
2. Discussed, advised, and requested clarification on relation to the GMS, including:
matters including: a. Discussing the 2013 Financial Year Annual GMS
a. Strategic issues that affect the Companys agenda, which was held on 27 March 2014;
operations; b. Discussing and proposing a Public Accountant
b. Progress of the 2014 RKAP and issues; to audit the 2014 Financial Year Statements, the
c. KPI for the Board of Commissioners and Board Legislation and Internal Control Compliance
of Directors, the 2014 Board of Commissioners Audit, as well as the Partnership and
and Board of Directors Joint Work Program, Environmental Community Development
as well as the allocation of tasks among the Program Financial Statement Audit for the
Board of Commissioners; financial year ending 31 December 2014;
d. Following up on Internal and External Audit c. Discussing and proposing remuneration
results; for the Board of Directors and Board of
e. Investment in the Upstream Sector through Commissioners; and
several Subsidiaries (PT Saka Energi Indonesia, d. Following up on resolutions from the 2013
PT Permata Graha Nusantara, PT PGN LNG Financial Year Annual GMS.
Indonesia and PT Kalimantan Jawa Gas;
f. Implementation of GCG practices in the Guidelines and Working Arrangement of
Company environment; the Board of Commissioners
g. Investment portfolio policies for business (Board Charter)
development; In the course of executing its duty to oversee
h. HR management and outsourcing policies; and advise the Board of Directors, the Board of
Commissioners refers to the Board Charter. The 05
i. Goods and services procurement policies;
j. IT systems development policies; Board Charter contains work guidelines for the
k. Internal control system-strengthening Board of Commissioners and Board of Directors, and
policies; explains the activities step-by-step in a way that
l. Risk management policies; is structured, systematic, easily understood, can be
m. Company Transformation (in the organization consistently put into practice, and can provide a
and HR) as part of facing future business reference for the Board of Commissioners and Board
challenges, and PGNs major plans to become of Directors in carrying out their respective duties
the National Gas Company; to achieve the Companys Vision and Mission.
n. The establishment of a Subsidiary in the field
of goods and services; The guidelines and working arrangements of the
o. Preparations for the inauguration of the Board of Commissioners are specifically articulated
FSRU (Floating Storage Regasification Unit) in in Chapter III of the PT PGN (Persero) Tbk Board
Lampung; Charter, and cover:
p. Public Relations and Corporate Social Duties and Responsibilities of the Board of
Responsibility policies in order to improve the Commissioners
Companys image and to widen networking; Rights and Authority of the Board of
q. Follow-up on BPK RI inspection result Commissioners
recommendations; Work Ethics
r. Supervise and monitor PGAS share price Committees under the Board of Commissioners
movements; and Secretary of the Board of Commissioners
s. Revisions of RKAP 2014, RKAP 2015, and RJPP
2015-2019;
148 Good Corporate Governance PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
1 2 3 4 5 6 7 8
The The The The Board of The Board of The GMS for the The Board of As the
Remuneration Remuneration Remuneration Commissioners Commissioners 2013 Financial Commissioners Dwiwarna
Team requests Team compiles Team suggests discusses the makes Year which took suggests A Series
the Independent their remuneration Remuneration recommendations place on 27 March remuneration shareholder, the
Consultant remuneration for members Teams on remuneration 2014 delegated for the 2014 Minister of SOEs
to review the recommendations of the Board of suggestions for members authority to the Board of determines the
remuneration for the Board of Commissioners of the Board of Companys Board Commissioners remuneration
for the Board of Commissioners to the Board of Commissioners to of Commissioners to the Minister for members
Commissioners Commissoiners the GMS to determine of SOEs, as of the Board of
salaries as well as the Dwiwarna Commissioners
any other facilities A Series
and allowances shareholder
for the Board of
Directors for the
2014 financial year
after first receiving
approval from the
Dwiwarna A Series
shareholders
Frequency of Meetings
During 2014, the Board of Commissioners held 24 meetings, as specified below:
1 January 27 March 2014 : 7 meetings.
28 March 31 December 2014 : 17 meetings.
COMMISSIONER/FIRMANSYAH
No. Date Program Venue
1 5 13 December 2014 Oil and Gas Management London
INDEPENDENT COMMISSIONERS 05
Scope of Work and Responsibilities of the 2. To represent the Company, both in and out of a court
Board of Directors of law, as regulated in the relevant legislation, the
The Board of Directors must undertake its duties Articles of Association, and/or Decisions of the GMS.
in good faith and with full responsibility. Each
member of the Board of Directors is individually The scope of work and responsibilities of each
and collectively liable for any loss to the Company Director are as follows:
if the individuals concerned are found to be guilty
or negligent in the performance of their duties President Director
according to the provisions of the law. Scope of Work
a. The President Director coordinates all the
One member of the Board of Directors is appointed development and operational activities of the
by a Meeting of the Board of Directors to be Company, in the implementation of which he or
responsible for the application and monitoring of she is assisted by, and cooperates with, the other
GCG in the Company. Directors; and
b. In addition to the functions above, the President
The Board of Directors is the Company Organ Director also establishes, manages, and controls
with the authority and full responsibility for supervision over the management of the Company.
managing the Company in its best interests, in
line with the Companys intents and purposes, and Responsibilities
for representing the Company both in and out of a. To plan, manage, and control the Company Business
a court of law, in accordance with the Articles of Plan and Budget, and evaluate its achievements;
Association. Members of the Board of Directors are b. To plan, manage, and control supervision over the
appointed and terminated by the GMS. management of the Company;
c. To plan, manage, and control compliance with the
The Board of Directors performs duties and is laws and legislations;
accountable collegially. Each Director may act and d. To plan, manage, and control policies relating to
make decisions in accordance with his or her tasks corporate communications, institutional relations,
and authority. However, the implementation of and investor relations;
each Directors duties remains a joint responsibility. e. To control the corporate development of
The status of each member of the Board of technology, engineering, construction, and IT;
Directors, including the President Director, has f. To control gas supply, operational, marketing, and
equal status with the other Directors. The task of corporate sales activities, as well as occupational
the President Director, as primus inter pares, is to safety and health and environmental management;
coordinate the activities of the Board of Directors. g. To control the management of the budget, treasury,
accounting, company finances, as well as social and
Scope of Work environmental responsibility;
1. To lead and take actios in relation to the h. To control the management of human resources,
management of the Company in its best interests general services and corporate security, logistics,
and in accordance with its intents and purposes, business organization and processes, as well as
which include: asset management; and
a. To maintain and manage the Companys i. To control strategic planning for the
assets; and development of the business, business
b. To always seek to improve the efficiency and transformation, and risk management.
effectiveness of the Company;
153 Good Corporate Governance PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
d. To plan, manage, and control policies and Director of Investment Planning and
activities related to the Companys accounting, Risk Management
financial statement preparations, and taxation; Scope of Work
e. To plan, manage, and control policies related to The Director of Investment Planning and Risk
the Companys long-term finances; and Management establishes, manages, and controls the
f. To plan, manage, and control policies related to Companys policies on the formulation and evaluation
the implementation of the Companys social and of strategic plans, business development, business
environmental responsibility. transformation, corporate performance management,
and risk management.
Director of Human Resources and
General Affairs Responsibilities
Scope of Work a. To plan, manage, and control the Business Plans
The Director of HR and General Affairs plans and and Budgets of work units in the Directorate of
controls Company policies on human resources Investment Planning and Risk Management, and
management, education and training, organization, evaluate their achievements;
business processes, as well as GCG and the b. To plan, manage, and control policies and activities
Corporate Culture, logistics, general services and related to the formulation, evaluation, and control
Company security, and asset management. of the Companys strategic plans;
c. To plan, manage, and control policies and
Responsibilities activities related to business development,
a. To plan, manage, and control the Business investment planning, and the establishment and
Plans and Budgets of work units in the control of Subsidiaries;
Directorate of HR and General Affairs, and d. To plan, manage, and control policies and
evaluate their achievements; activities related to the Company and its work
b. To plan, manage, and control policies and units business transformation and performance
activities related to workforce planning, and control; and
human resource development and empowerment; e. To plan, manage, and control policies and activities
c. To plan, manage, and control policies and related to the Companys risk management.
activities related to remuneration and
industrial relations; Guidelines and Working Arrangement of the
d. To plan, manage, and control policies and Board of Directors (Board Charter)
activities related to education and training; In carrying out their Company management role and
e. To plan, manage, and control policies related functions, and managing their relationship with the
to the development of Management Systems, Board of Commissioners, the Board of Directors refers
Good Corporate Governance and the Corporate to the Board Charter. The Board Charter contains
Culture, as well as the implementation of guidance on the management of the work of the
organizational development; Board of Commissioners and Board of Directors, and
f. To plan, manage, and control policies and explains the activities step-by-step in a way that is
activities related to logistics, including the structured, systematic, easily understood and can
procedures for goods and services procurement; be put into practice consistently, and can provide a
g. To plan, manage, and control policies and activities reference for the Board of Commissioners and Board
related to services, the supply and maintenance of of Directors in carrying out their respective tasks to
office buildings, and company security; achieve the Company Vision and Mission.
h. To plan, manage, and control policies on asset
management; and
i. To preserve and develop knowledge management-
based core corporate competencies.
155 Good Corporate Governance PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
The guidelines and working arrangements of the 4. Talents from the SOE Ministry;
Board of Directors are specifically articulated in 5. Other sources, which comprises:
Chapter II of the PT Perusahaan Gas Negara Board a. officials from another SOE; and
Charter, and cover: b. other sources.
Board of Directors Duties and Obligations
Board of Directors Responsibilities Prospective candidates who will be confirmed as a
Board of Directors Rights and Authority future member of the Board of Directors must fulfill
Board of Directors Delegation of Authority the formal requirements and other requirements
Board of Directors Independence determined in Ruling No. PER-03/MBU/02/2015
Work Ethics above, and pass the fit and proper test performed by
Determination of Company Administration professional institutes. Prospective candidates that will
Policies be put forward in the GMS will be evaluated by a team
Board of Directors Division of Tasks formed by the Minister of SOEs with the involvement
Corporate Secretary of the President Commissioner or the Chair of the
Board of Directors Meetings Nomination Committee of the Board of Commissioners.
Relationships with Subsidiaries
The GMS can terminate members of the Board
Policies on Succession of the Board of of Directors who no longer fulfill requirements,
Directors including among others if a member acts in a way
In accordance with the Companys Articles of that is detrimental to the Company, or any other
Association (Deed No. 11, dated 6 April 2011), reason deemed appropriate by the GMS. That decision
members of the Companys Board of Directors are of termination will be taken after the member in
appointed and terminated by the General Meeting question is given the chance to defend himself/herself,
of Shareholders (GMS), which must be attended unless said member does not contest the termination.
by, and its decision approved by, the Dwiwarna A
Series Shareholder. The appointments by the GMS A member of the Board of Directors has the right
05
of members of the Companys Board of Directors to resign from his or her position by notifying the
are sourced from candidates put forward by the Company, the Board of Commissioners, and the other
Dwiwarna A Series Shareholder. members of the Board of Directors in writing. This
will be followed by holding a GMS within 60 days
Based on SOE Ministry Ruling No. PER-03/ of receiving the resignation letter. If the Company
MBU/02/2015 regarding Requirements, does not hold a GMS, the resignation will be valid
Appointment Guidelines, and Terminations of without requiring the agreement of the GMS after
Members of the Board of Directors of State-owned the designated time has passed. The member of the
Enterprises, prospective candidates for Directors are Board of Directors who resigned will still be required
sourced from: to provide accountability for his or her term of
1. The Board of Directors of SOEs; appointment until the resignation is accepted.
2. The Board of Commissioners / Board of Trustees
of SOEs;
3. SOE Talents who are proposed by the Board of
Commissioners, which comprises:
a. officials one level below the Board of
Directors or officers who have exhibited
outstanding achievements;
b. Directors of SOE subsidiaries/ SOE joint ventures;
156 Good Corporate Governance PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
1 2 3 4 5 6 7 8
The The The Remuneration The Board of The Board of The 2013 Financial The Board of As the Dwiwarna
Remuneration Remuneration Team made Commissioners Commissioners Year Annual GMS, Commissioners A Series
Team requested Team compiled recommendations discussed the proposed held on 27 March proposed 2014 Shareholder,
an Independent remuneration on remuneration Remuneration remuneration 2014, delegated remuneration the Minister of
Consultant to recommendations for members of the Teams for the authority to the for the members SOEs established
review the Board for the members Board of Directors recommendations members of Companys Board of the Board of remuneration
of Directors of the Board of to the Board of the Board of of Commissioners Directors to the for the members
remuneration Directors Commissioners Directors to the to determine the Minister of SOEs, of the Board of
GMS members of the as Dwiwarna Directors
Board of Directors A Series
salaries, facilities, and Shareholder
other allowances for
the 2014 Financial
Year, after receiving
approval from the
Dwiwarna A Series
Shareholder
Remuneration for each Member of the Board Board of Directors Remuneration Structure
of Directors Pursuant to the Ministerial Regulation above,
the basis of determining the Board of Directors
Basis for Determining Remuneration income is stablished by the General Meeting of
The remuneration for the Board of Directors is Shareholders (GMS).
determined on the basis of the Minister of State-
Owned Enterprises Regulation No. PER-04/MBU/2014, The component of the Board of Directors
regarding the Guidelines for the Determination of remuneration consists of:
the Income of the Board of Directors, the Board of 1. Salary
Commissioners, and the Board of Trustees of State- a. The President Directors income is determined by
owned Enterprises. using the internal guidelines set by the Minister;
b. The income of the other members of the Board
Based on that regulation, the Board of Directors of Directors is set at 90% of the President
income determination is set by the GMS, which is Directors salary.
comprised of:
a. Salary; 2. Allowances
b. Allowances; a. Religious Holiday Allowance
c. Facilities; and The Company shall provide a Religious Holiday
d. Performance Bonuses/Incentives. Allowance which amounts to one months salary.
157 Good Corporate Governance PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
Frequency of Meetings
In 2014, the Board of Directors conducted 61 meetings.
PRESIDENT DIRECTOR
No. Date Program Venue
1 16 17 April 2014 Gas Balance Workshop Bandung
2 28 April 9 May 2014 Indonesia Policy Dialogue and Deal Roadshow Washington DC,
Project Energy USA
3 19 21 May 2014 4th LNG Supply, Transport & Storage: Bali
Practical Infrastructure and Transportation
Implementation for a Sustainable Natural Gas
Market in Indonesia
4 26 August 8 September 2014 JP Morgan Asia Pacific Equity Conference Boston, USA
5 26 August 8 September 2014 Barclays & Mandiri Securities Indonesia Corporate Day New York, USA
6 16 22 November 2014 GASEX 2014 Hong Kong Conference and Exhibition Hong Kong
DIrector of commerce
No. Date Program Venue
1 2 April 2014 Gas Balance Workshop Bandung
2 17 - 18 June 2014 The 5th International Indonesia Gas Infrastructure Conference & Yogyakarta
Exhibition 2014
4 15 - 16 December 2014 PGN - GDF Suez (Infrastructure and energy international) workshop Paris
onshore Terminal & Strategic Planning
DIRECTOR OF FINANCE
No. Date Program Venue
1 3 August 2014 National Seminar on The Role of Business and Industry Actors for Sumbawa
Regional Advancement as a speaker
2 16 September 2014 The 43rd IAGI Annual Convention and Exhibition as a speaker Jakarta
3 6 - 8 November 2014 Training Payment Guarantee & Customer Risk Analysis Bali
160 Good Corporate Governance PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
Performance indicators for Directors consists of: Financial and Market Perspective
1. The execution of the duties and Customer Focus Perspective
responsibilities of each member of the Product and Process Effectiveness Perspective
Board of Directors in accordance with the Employee Focus Perspective
Companys Articles of Association; Leadership, Governance, and Social
2. Implementing the decisions of the 2014 Responsibility Perspectives.
Annual GMS;
3. Realization of the Board of Directors Key
Performance Indicators (KPI) in 2014 based on
the Excellent Performance Assessment Criteria
(KPKU), which cover five perspectives:
Committee, which refers to the Bapepam Ruling Providing an independent opinion in the
LK Kep. 643/BL/2012, the Minister of State-Owned event of a difference of opinion between the
Enterprises Regulation No. PER-01/MBU/2011 management and the accountant regarding
regarding the Good Corporate Governance services provided;
of State-Owned Enterprises, and No. PER-12/ Scrutinizing the Companys internal
MBU/2012 regarding the Auxiliary Organs of the control system implemented by the
Boards of Commissioners/Boards of Trustees of Internal Audit Unit, including ensuring the
State-Owned Enterprises. effectiveness of the internal control system
and its implementation, and assessing the
The establishment of the Audit Committee was implementation of activities and the results of
intended to assist the Board of Commissioners in audits performed;
performing supervisory duties of the Company to: Reviewing, selecting, and nominating
Increase the Financial Statement quality in Public Accountants, including its
accordance to applicable accounting standards, independence, and providing appointment
and obeying the legislations; - Improve the recommendations of the Public Accountants
activities report quality and the Companys to the Board of Commissioners;
business ventures corresponding to GCG Scrutinizing the implementation of the audit
principles; and by the external auditor, including:
Improve the internal auditing functions in (i) ensuring the effectiveness of the internal
reaching effective and efficient Company resources control system and its implementation;
development to obtain optimized results. (ii) assessing the implementation of the
activities and results of the audit in
a. Tasks and Responsibilities accordance with the applicable standards;
The Audit Committee is tasked with providing Reporting to the Board of Commissioners the
advice to the Board of Commissioners on various risks facing the Company, and the
reports or matters brought to the Board of application of Risk Management by the Board
05
Commissioners by the Board of Directors, of Directors;
identifying issues that require the Board of Scrutinizing and reporting to the Board of
Commissioners attention, and performing other Commissioners any complaints related to
duties which may include: the Company;
Scrutinizing financial information that is Safeguarding the confidentiality of Company
released by the Company, such as Financial documents, data, and information;
Statements, projections, the Long-Term Providing recommendations on the updating
Company Plan (RJPP), the Business Plan of the management control system and its
and Company Budget (RKAP), management implementation to the Board of Commissioners;
reports, and other information; Ensuring a satisfactory review procedure for
Scrutinizing the Companys compliance with all information disclosed by the Company; and
the legislations related to the Capital Market Scrutinizing and giving advice to the Board
and other rules and regulations related to the of Commissioners in relation to potential
Companys activities; conflicts of interest in the Company.
164 Good Corporate Governance PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
b. Authority c. Composition
To have full, free, and unlimited access to The membership of the Audit Committee for 2014
records, employees, funds, assets, and other was as follows:
Company resources that are related to its tasks; Chairman : Pudja Sunasa - Independent
To communicate directly with employees, Commissioner
including the Board of Directors and the Member : M. Slamet Wibowo
parties who carry out the functions of the Member : Imbuh Sulistyarini
Internal Audit, Risk Management, and Member : Gunawan Indradi
accounting in relation to the duties and Member : Kanyatama P. Mulyono
responsibilities of the Audit Committee;
Involving independent parties from outside d. Committee Independence
the Audit Committee to assist in the The Audit Committee is chaired by an
implementation of their duties (if required); Independent Commissioner and 4 (four)
To exercise any other authorities delegated by members who are professionals from outside
the Board of Commissioners; the Company. This complies with the provision
To work with the Internal Audit Unit (IAU), on in the Chair of Bapepam Ruling No. Kep-29/
the following, among other matters: PM/2004 regarding the Establishment and
- Coordinating the preparation of the Work Guidelines of the Audit Committee,
annual audit business plan and the as amended to Attachment to the Chair of
implementation of the audit; Bapepam LK Regulation No. 643/BL/2012. The
- Holding meetings with the IAU when Audit Committee undertakes its tasks and
required, to discuss issues that are responsibilities professionally
considered significant and within the and independently.
bounds of the tasks and functions of the
e. Discharge of the Committees Duties
Board of Commissioners, according to the
The Audit Committees activities in 2014 included
prevailing legislation;
the following:
- If deemed necessary, with the approval of
Reviewing and assessing the adequacy of the
the Board of Commissioners and assisted by
audit performed by the External Auditor, as
the IAU, organizing reviews and discussions
well as providing feedback on the audit of the
in Work Units with regard to the need to
Companys Financial Statements for the 2014
make in-depth examinations of certain
Fiscal Year;
findings when required;
To review and provide feedback on Companys
- The Committee may obtain evidence that
2014 Quarterly Financial Statements;
provides adequate confirmation of the
Evaluating the performance, competence,
character, scope, magnitude, and impact of
independence, and objectivity of the
any weaknesses or significant differences
in internal control and their influence on
Financial Statements; and
- With the approval of the Board of
Commissioners, the Committee may seek
perspectives from external parties to
provide technical or other related guidance
at the Companys expense.
165 Good Corporate Governance PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
the legislations in the Capital Market and Pudja Sunasa 41 times 93%
other regulations, and alerting the Board of Imbuh Sulistyarini 40 times 91%
M. Slamet Wibowo
Member of Audit Committee
Imbuh Sulistyarini
Member of Audit Committee
167 Good Corporate Governance PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
Gunawan Indradi
Member of Audit Committee
Arsyad Rangkuti
Member of Risk
Management and
Business Development
Monitoring Committee
171 Good Corporate Governance PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
Wahyu Wijayadi
Member of Risk
Management and
Business Development
Monitoring Committee
HARI KUSTORO
Member of Risk
Management and
Business Development
Monitoring Committee
172 Good Corporate Governance PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
M. ZAMKHANI
Chairman of Remuneration Team
FIRMANZAH
Member of
Remuneration Team
WIDYA PURNAMA
Member of
Remuneration Team
He has held the position of Director of HR and General Affairs since 22 May
2012. Kusnadi started his managerial career at the Company as Division
Head of Marketing in 2009. He went on to become Acting Head the
Operations Division in 2010, General Manager of SBU Distribution Area I
West Java in 2010, and is currently the President Commissioner of PT PGAS
Solution from 1 January 2014.
Hendi Kusnadi
Member of
Remuneration Team
177 Good Corporate Governance PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
Information Disclosure
To comply with the regulations on the disclosure
of information to the public, the Corporate
Secretary together with the Investor Relations
Unit consistently submits reports to the Financial
Services Authority and the Indonesia Stock
Exchange as the capital market authority.
Investor relations
The Investor Relations Unit is a part of the Corporate
HERI YUSUP
Secretary work unit that interacts with the Board
Corporate Secretary
of Directors and related Work Units to support the
Companys information transparency. Every quarter,
Corporate Secretary Profile
the Investor Relations Unit routinely updates data
An Indonesian citizen, Yusup was born in Bandung
and information in PDF form, which is available
on 8 February 1963. He earned his law degree
on the Companys website http://ir.pgn.co.id, and
at Padjajaran University, Bandung in 1987, and
financial statement clarifications for analysts and
completed his postgraduate studies at Widener
Shareholders through our mailing list.
Universitys School of Law, USA in 1999, and the
Advanced Management Program at the Wharton
In addition, the Investor Relations Unit also serves
School of the University of Pennsylvania, USA in
as a bridge between the Company, Shareholders,
2006. Yusup has held the position of Corporate
and analysts in disclosing information on PGN.
Secretary since December 2011. He started his
career at the Company in 1991 as Second Assistant
Investor Relations Activities in 2014
for Legislations and Control Administration.
The Investor Relations Unit is a bridge between
Subsequently he was continued as Legal Coordinator
the Company, shareholders, and analysts in the
in 2005, Corporate Secretary and Legal Coordinator
information disclosure of PGN. The Investor
in 2008, and Head of the Corporate Law Bureau in
Relations Unit introduced PGN to the capital market
2009. Yusup is also currently a Commissioner at PT
community through a range of communications
Transportasi Gas Indonesia since November 2012,
with the Shareholders, the Capital Market Analysts,
and President Commissioner at PT Permata Graha
the Agencies Effects Institute, and the Bondholders
Nusantara since December 2014.
to apply principles of openness and transparency
to every Company activity, material activities
TRAINING PROGRAM TO IMPROVE cORPORATE
especially. The Investor Relations Unit delivers
SECRETARYs COMPETENCE prompt and balanced information through a
range of means, including email, the Company
website, forums and meetings with analysts and
Corporate Secretary Training Program
investors, Conference Calls, site visits, conferences,
No. Date Event Venue
participation in Non-deal Roadshows and Deal
1 3 11 May 2014 Project Energy USA
Roadshows, Public Exposure, and Investor Summits.
179 Good Corporate Governance PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
Head of Internal
Audit Unit
Secretary
Auditor for Auditor for Auditor for Auditor for Auditor for Auditor for Secretariat
OSH Engineering Operations Marketing Finance Administration Manager
Audit Information
Assistant Auditor Assistant System
for Planning & Assistant Auditor Assistant Auditor Development &
Auditor for HR &
Construction for Maintenance for Finance Follow-up Status
Organization
Control
Assistant Auditor
for Logistics
The framework also includes the Good Governance Risk Management Overview and System
Principles of accountability, responsibility, The Risk Management Division, under the Division
independence, fairness, and equality. These factors of Investment Planning and Risk Management, was
help to ensure that the framework used for risk formed to completely oversee the Risk Management
management is reliable, adaptable, and contributes Framework implementation, and monitor Company
to the Company in attaining both short and long- risks. The function of Risk Management has been
term goals. delegated to Work Units that have a Risk Officer (RO)
and/or a Risk Management Champions Team (RCT),
PGN realizes that the Risk Management Framework where each Work Unit is assigned to facilitate the
application is not a short-term activity. Some Risk Management Framework, and with the process
framework elements can be implemented owners, proactively appraise and report risk. In
short term, but other elements require a longer 2014, the role and competency of RO and RCT was
timeframe to achieve full implementation. As a strengthened to increase Risk Management and
result, Management is fully committed to ensuring Risk Culture.
that PGN will succeed in completing its duties in
performing and applying Risk Management to all The Companys Risk Profile is periodically compiled
business aspects at PGN. and submitted to the Board of Directors and KPMRPU
to obtain inputs and decisions in its management.
In line with the applicable Procedures, this Company
Risk Profile is drafted each year.
AGGREGATE RISK OF
Extreme Category : >65 Medium Category : 10-25
THE COMPANY
High Category : 25-65 Low Category : <10
The Company has four risk categories which are Number of Extreme risks :6
Extreme, High, Average, and Low. Number of High risks :88
At the end of 2014, the Companys risk level was at Number of Medium risks :323
Average, as the Company has managed to keep risk at Number of Low risks :493
an acceptable risk level.
185 Good Corporate Governance PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
Senior Management has confirmed its commitment to increasing organizational harmony in risk
management. One of the iniciatives to be performed is the formalization of the Companys Risk Appetite,
in an effort to conform decision-making on all levels of the organization with related risks. Looking at the
required improvements, the Risk Management Division and KPMRPU proactively initiated the Charter
development process to sharpen focus in ensuring Risk Management is ingrained in all business aspects,
and PGNs Vision for Risk Management is achieved.
Encouraged by the results from the Risk Management maturity assessment, PGN has developed the Risk
Management Roadmap to provide a clear focus on using iniciatives in certain timeframes, to achieve the
PGN Vision for risk mangement.
database
Team (RCT) Risk Socialization Development of Government
Updates to the charter for Development and Socialization Compliance Risk culture
the Enterprise Development
05
of the ERM Portal program
Monitoring and Risk
Management Committee Alignment of Business
(KPPUMR) Processes
Corporate Ethics
The Company has a Code of Conducts that was stakeholders, antitrust, human rights protection,
ratified by Board of Directors Ruling No. 002600.K/ gratuities, the protection of intellectual property
HK.00.01/UT/2013, dated 25 January 2013, regarding rights, and so on. Some of the Business Ethics that
the Code of Conducts. apply to PGN employees are:
In developing GCG, PGN has formulated several a. Corporate Ethics with Employees
policies concerning corporate ethics. PGN seeks to PGN protects the interests of its employees
apply the highest ethical standards throughout in line with the prevailing legislations. PGN
all its business activities, in line with the vision, believes that its employees are a valuable
mission, and culture of the Company, through the asset in supporting the achievement of PGNs
implementation of the Code of Conducts. The Code vision and mission. Expected ethical behavior
of Conducts is the attitudes and behaviors that in dealing with employees includes:
are demanded of, and apply to, every member of Providing equitable remuneration,
the Company. The Company recognizes that good promotions, and rewards to employees
relations between stakeholders and increasing in accordance with their performance,
Shareholders value over the long term can only be competence, and loyalty;
achieved by conducting all business activities with Protecting the rights of workers to elect to
integrity, as set out in our Code of Conducts. become members of a Trade Union;
Creating a work environment that is safe,
Content of the Code of Conducts healthy, conducive, and free from all forms
The Code of Conducts is the collection of norms, of pressure and intimidation; and
values, and actions that are considered by everyone Implementing Collective Labor Agreements
in the Company to be the ideal standards of (CLA) consistently.
behavior for the Company. These behaviors must be 05
developed on the basis of strong moral values that b. Corporate Ethics with Customers
are acknowledged and accepted throughout the The Company prioritizes excellent service,
Company as the Corporate Culture. a proactive attitude, and a quick response in
dealing with customers. Expected ethical
1. Business Ethics behavior in dealing with customers includes:
PGN has developed guidelines on business ethics A polite and professional attitude toward
that represent the desired standards of behavior the customer (with excellent service);
in business, and should guide the Company as an Delivering complete and accurate product
entity in its interactions and relationships with information, particularly with regard to the
stakeholders. The application of business ethics specifications and safety of services and
is expected to support improvements in the products; and
Companys performance by giving due attention Being proactive and responsive in
to the interests of stakeholders in a manner understanding and meeting the needs and
that is ethical and based on the rule of law. expectations of customers.
Broadly speaking, these business ethics provide
guidelines for standards of behavior that must be
adhered to in PGNs dealings with stakeholders,
such as the disclosure of information, equitable
treatment and fulfillment of the rights of
188 Good Corporate Governance PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
c. Corporate Ethics with Goods and Services Fostering relationships and good
Providers communications with the regulators
The Companys procurement of goods and to develop a business climate that is
services is based on the principles of being healthy, competitive, and strengthens the
competitive, transparent, fair, reasonable, competitiveness of the national economy; and
and accountable. Expected ethical behavior Fulfilling all business and licensing
in dealings with suppliers of goods and requirements professionally in compliance
services, includes: with the prevailing laws.
The selection of goods and services
providers must be based on the quality of f. Corporate Ethics with the Public
the product, after-sales service, warranties, The Company implements social and
performance, and track record in community programs to empower the
prioritizing the interests of the Company; surrounding communities and improve their
Respecting mutual rights and quality of life, and to work in synergy with
obligations under the agreement and government programs. Expected ethical
statutory provisions; behavior in dealing with the public includes:
Maintaining open communication during Providing information and optimizing the
the procurement process with regard to the distribution of the Companys assistance
fulfillment of the rights and obligations of programs to the community;
the parties; and Providing opportunities for people who
Evaluating the suppliers of goods and want to know about the activities of
services and sanctioning those who the Company, within certain limits, and
behave unethically. promoting local products at Company
events; and
d. Corporate Ethics with Creditors Avoiding actions that lead to
The Company receives loans for the discrimination based on ethnicity, religion,
interests of the business and to increase the race, or class.
Companys value. Expected ethical behavior in
dealing with creditors includes: g. Corporate Ethics with Shareholders
The selection of creditors based on the PGN is committed to improving value for
interests of the Company, taking into shareholders in accordance with the statutory
consideration the benefits, costs, and provisions. Expected ethical behavior in
risks; and dealing with shareholders includes:
Respecting the rights of creditors, including Treating shareholders and investors
the right to obtain information on the use fairly and in accordance with the number
of funds in accordance with agreement and and type of shares held, so that they can
statutory provisions. exercise their rights in accordance with the
Companys Articles of Association and the
e. Corporate Ethics with the Government prevailing legislations;
With regard to interactions with central and Providing public information to shareholders
local governments, the Company maintains in full, accurately, promptly, and accessible in
a harmonious, constructive, and respectful accordance with the statutory provisions in
relationship. Expected ethical behavior in the one-door policy.
dealing with regulators includes:
189 Good Corporate Governance PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
h. Corporate Ethics with Natural Gas Suppliers Compliance with policies, systems,
PGN realizes that the business of natural procedures, and other applicable provisions;
gas transmission and distribution is closely Maintenance of all company resources
linked to the availability of natural gas from in order to maintain continuity of the
its suppliers. The Company continues to make Companys operations, and occupational
efforts to establish harmonious and mutually- safety and health;
beneficial relations with natural gas suppliers. Active participation in, and contribution
Expected ethical behavior in dealing with gas to, the improvement of the natural and
suppliers includes: social environment in the vicinity of the
Good, harmonious, and mutually-beneficial operational areas;
cooperation in accordance with the Providing the best service to internal and
provisions of the gas purchase agreements external customers;
and statutory provisions; and Identifying customer needs and maintaining
Giving priority to negotiations for good relationships with customers;
deliberation and consensus in resolving Working professionally and with an
disputes with natural gas suppliers. awareness of costs to deliver optimal
Legal channels are the final resort in the performance; and
settlement of disputes. All officers in the Company, including those
entering retirement, must complete and
2. Work Ethics submit the State Officials Wealth Report
Based on the values of the Corporate Culture and (LHKPN) to the Corruption Eradication
the principles of Good Corporate Governance, Commission (KPK).
PGN has compiled the Work Ethics as a guide for
every PGN Employee in the implementation of b. Cooperation Amongst PGN Employees
their duties and responsibilities. The Work Ethics Be honest, courteous, and respectful
that apply to PGNs Employees include: towards fellow PGN Employees, and
05
appreciate the differences in gender,
a. Individual Commitment ethnicity, race, and class;
Every PGN Employee must work to their best Encourage mutual support among workers
abilities in the achievement of PGNs goals. and between units of work to improve the
This commitment is shown through: Companys performance; and
Continual improvement in self-competence Communicate any new ideas and share
in correspondence to work demands; knowledge and skills.
Consistent completion of tasks, and
responsibility for actions taken; c. Legal and Regulatory Compliance
Identification and development of PGN Employees are required to comply
improvement opportunities to make work with the laws and legislations as well as the
processes more effective and efficient; Companys internal regulations. Compliance
Initiative to implement changes that add value; with laws and legislations is realized through:
Priority given to the interests of the Compliance with the standards, norms,
Company and avoidance of possible laws, and regulations that are applicable
conflicts of interest; and relevant to the Companys activities;
Respect and obedience for the laws and
legislations related to human rights; and
Compliance with regulations, systems, and
procedures throughout the Company.
190 Good Corporate Governance PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
Responsive to incidents and emergencies Work ethics and business ethics must be
caused by security problems, accidents, implemented consistently by the Board of
pollution, natural disasters, and others; and Commissioners, Board of Directors, and employees as
Participation in creating a work part of the work culture in the day-to-day operations
environment that is safe and healthy. of the Company. To support the application of
business ethics and work ethics, PGN has set out
k. Political Activity procedures for circulating and publishing these
The Company provides opportunities to codes, as well as procedures for their application,
every employee to channel their political reporting, monitoring, and evaluation.
aspirations. However, if workers decide to
participate in practical politics they must Application and Enforcement of the Code
comply with current regulations. Ethical of CONDUCTs
behavior related to political activities includes: To further support the application and enforcement
Not being a political party official, and not of the code of conducts, PGN has formulated several
using the facilities of the Company for the policies which are set out in guidelines and manuals
benefit of a political party; and that have been circulated to employees, including
Not contributing in any way to a political the following:
party outside of the statutory provisions
in force. Corporate Governance Manual
The Corporate Governance Manual constitutes
The Code of Conducts Applies to All Levels PGNs basic guidelines for doing business. This
of the Organization manual also provides guidance for all PGN
In 2014, PGN continued to strengthen its Employees on applying the principles of Good
commitment to implementing GCG, for example Corporate Governance in their work activities.
through regular GCG training, GCG dispersion, and
circulation of the Code of Conducts. The Companys Board Manual
05
Organization and Business Process Division also The Board Manual provides guidance for the
distributed a pocket book on the Code of Conducts Board of Directors and Board of Commissioners on
to all Employees at Head Office, SBU I, II, and III, SBU performing their duties. Broadly speaking, the Board
Transmission, and the Projects. Manual outlines the working relations of the Board
of Directors and Board of Commissioners, including
SOCIALIZATION OF The Code of Conducts their duties, responsibilities, ethics, authority, and
The Good Corporate Governance Manual and the rights. The Board Manual is based on the principles
Code of Conducts have also been published on of the two-tier system applied under Indonesias
the Companys website http://pgn.co.id, and the corporate law, and refers to the prevailing laws
Companys portal http://portal.pgn.co.id, and can be and legislations, PGNs Articles of Association,
easily accessed by all PGN Employees. rulings of the GMS, and the best practices in the
implementation of Good Corporate Governance.
192 Good Corporate Governance PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
CORPORATE CULTURE
I. KETENAGAKERJAAN
05
working activities. Every PGN Employee has signed The Corporate Culture Manual of PT Perusahaan
the PGN Employees Culture Book as a mark of their Gas Negara (Persero) Tbk was ratified by Board of
commitment to the application of the ProCISE values. Directors Ruling No. 010705.K/SM.02.02/UT/2009,
dated 12 May 2009, regarding the Corporate
The Corporate Culture represents the values and Culture Manual.
philosophies that everyone in the Company has agreed
to accept as the foundation and reference for PGN to ProCISE is the Corporate Culture that guides the
achieve its goals. PGN has defined its Corporate Culture behaviour of all PGN Employees.
in terms of five values, which are abbreviated as ProCISE,
and translated into Ten Major Corporate Behaviors.
194 Good Corporate Governance PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
I II
PGNs Main Behavior Guidelines PROFESSIONALISM CONTINUOUS
Based on the Corporate Culture Always giving the best IMPROVEMENT
results by improving Committed to
values as well as the principles of
relevant competencies, and continuously seeking
Good Corporate Governance, PGN
being responsible for all improvement.
has compiled the PGN Employee actions and decisions taken.
Code of Conduct.
III IV V
INTEGRITY SAFETY EXCELLENT SERVICE
Honest with oneself and Always prioritizing Prioritizing satisfaction
with others. Consistent work safety and health for both internal and
in mind, word, and at for oneself and their external customers by
behavior by having a surroundings. giving excellent service.
strong ethical core.
05
INTEGRITY SAFETY EXCELLENT
SERVICE
5 7 9
Honest, Open, and Prioritize Prioritize Internal
Positive Thinking Workplace Safety and External
and Health Customer
Satisfaction
6 8 10
Disciplined and Concern for Social Proactive and
Consistent and Natural Quick Response
Environments
Whistle-blowing System
The Company has issued a Whistle-blowing System The Whistle-blowing Policy is a system that provides
Manual, which was ratified by Board of Directors of a channel for witnesses to report information on
PT Perusahaan Gas Negara (Persero) Tbk Ruling indications of misconduct in a Company.
No. 066303.K/PW.01/UT/2013, dated 24 December
2013, regarding the Whistle-blowing System Manual. Disclosures received through this whistle-blowing
mechanism require due attention and follow-
In line with our commitment to practicing GCG, up, including the appropriate enforcement of
PT Perusahaan Gas Negara (Persero) Tbk gives the law, so that they can serve as a deterrent for
due and consistent attention to the interests the perpetrators of misconduct, or those who are
of all stakeholders in the interests of fairness considering taking such actions.
and equality. Upholding this principle can
be challenging, and requires a sustained and The Companys Whistle-blowing System is
tangible effort. intended as:
1. A basis or implementation guideline for dealing
However, reports of misconduct are often received with stakeholder whistle-blowing disclosures;
from stakeholders as a result of their rights being 2. A channel for reporting matters that cannot be
given insufficient attention or even overlooked by resolved through the organizations
the Company. If not resolved properly, stakeholders regular procedures;
reports of misconduct, or whistle-blowing, can 3. A guarantee that there is a mechanism for
potentially be detrimental to the stakeholders and/ resolving whistle-blower disclosures effectively
or the Company itself. A standard mechanism for within a reasonable timeframe;
dealing with whistle-blowing is required in order 4. A means of avoiding negative publicity for
to avoid prolonged conflict or dispute between the the Company;
stakeholders and the Company. This is to insure 5. A means of supporting the principle of fairness
that such issues do not turn into bigger problems in relations between the Company and the
that could harm the Companys reputation or affect stakeholders as agents and partners of the
the publics confidence in the Company. Company; and
6. As part of the efforts to uncover other problems
The resolution of whistle-blowing disclosures is one in the Company that are not consistent with the
means of increasing protection for stakeholders ethical standards that apply.
with regard to guaranteeing their rights in relation
to the Company, and ensuring that disclosures
are dealt with in a way that satisfies the terms
and conditions stipulated by the Company, the
Government, and the competent authorities.
This requires the formulation of an aligned
management policy, system, and procedure in a
Whistle-blowing Policy.
197 Good Corporate Governance PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
Investigation
Order
Ethic
Board
External Verified
Complaint
Reporting Sanctions
President Director/
management
10. Those proven guilty of misconduct by the of their work, the officers in this division
investigation will be processed in accordance receive operational access and assistance, and
with the prevailing regulations. information from all the units investigated.
The Ethics Committee has divided the Committees Results of the Handling of an Allegation
tasks into two divisions, which are as follows: The results of all investigations by the Ethics
Committee are reported to the Ethics Council. The
1. Report Receiving Division Ethics Council will decide how the investigation
This division receives whistle-blower should be followed up, and determine the status
05
disclosures and selects the disclosures that of the whistle-blower disclosure (whether the
will undergo further processing by the investigation should be closed due to a lack of
Investigation Division, without disclosing the evidence or sanctions should be imposed), and
identity of the whistle-blower. report to the President Director or the Board
The Disclosure Receipt Division is also of Directors. If the investigation proves the
responsible for implementing the whistle-blower involvement of PGN Personnel, the follow-up will
protection program, particularly with regard to be dealt with by the Ethics Council without the
confidentiality and guaranteeing the whistle- involvement of the parties concerned. If the results
blowers safety. For these purposes, the officers in of the investigation prove the involvement of a
this division have access to legal, financial, and member of the Board of Directors, a member of the
operational assistance if required. Board of Commissioners, a member of any of the
Auxiliary Organs of the Board of Commissioners,
2. Investigation Division or a member of the Ethics Council, the follow-up
This division is charged with conducting will be dealt with by the Board of Directors without
further investigations of the substance of the involving the parties concerned. Those proven of
allegations reported. The objective is to find misconduct by the investigation will be processed in
and compile the evidence needed to verify that accordance with the prevailing regulations.
misconduct has occurred. If there is sufficient
evidence, recommendations on sanctions for the WHISTLEBLOWING REPORTS IN 2014
party committing the misconduct are made to In 2014 no allegations were made directly through
the Ethics Council to decide. If the evidence is the Whistleblowing System.
insufficient, the investigation will cease and the
disclosure will go no further. For the purposes
200 Good Corporate Governance PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
As of the date of the Financial Statement, the Supreme Court is still conducting an investigation.
Impact on the Company This case had no effect on the Company.
On October 12 2012, CRW filed a Claimants Application for an Interim/Partial Award. In response
to the Application filed by CRW, on November 26 2012 PGN submitted a Submission of the
Respondent Against the Application for an Interim Award.
On 22 May 2013, the Tribunal issued an Interim/Partial Award requesting the Company to pay
in advance the claim submitted by CRW of US$17,298,835 before it would be re-analyzed and
eventually decided in the Final Award.
The Company filed a request for the cancellation of the Interim
/Partial Award with the Singapore High Court. On 10 October 2013, the Singapore High Court Judge
issued a verdict that essentially did not agree with the arguments presented by the Company, and
upheld the Interim/Partial Award.
On 11 November 2013, the Company filed an Appeal with the Singapore Court of Appeals against
the Singapore High Courts verdict.
Given that the filing of the Appeal above has not terminated the Arbitration process, the Tribunal is
continuing the investigation
of this case.
As of the Financial Statement date, this case is still being investigated by the ICC International
Court of Arbitration and the Singapore Court of Appeals.
Impact on the Company This case had no effect on the Company.
201 Good Corporate Governance PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
APPEAL OF PT INDOSAT
Case No. 549/Pdt/2013/PT.DKI
Agency DKI Jakarta High Court
Parties PT Nindya Karya (Appellee I)
PT Citra Panji Manunggal (Appellee II)
PT Promatcon Tepat Guna (Appellee III)
versus
PT Indosat (Defendant I)
PGN (Defendant II)
Claim Value Rp4,065,814,002.38
Resum This case is an appeal against the verdict of the West Jakarta District Court No. 665/Pdt.G/2010/
PN.Jkt.Bar which acquitted PGN of responsibility for damage of fiber optics belonging to Defendant
I. The lawsuit filed by Defendant I (formerly the Plaintiff) was related to the alleged damage to
the fiber optic cable along the Bandar Lampung-Merak-Jakarta (BALAMAJA) route belonging to
Defendant I in the Province of Banten, which was caused by work on the development of PGNs
West Java Distribution Pipeline Network by Appellees I-III.
Update On 18 November 2013, the Jakarta High Court delivered Letter
No. W10-U/5307/HK.02/XI/2013 regarding the Receipt and Registration of the Appeal Case File,
which stated that the appeal file had been received by the Jakarta High Court.
APPEAL OF KPPU
Case No. 2K/Pdt.Sus/2013
Agency Supreme Court
Parties PGN (Plaintiff) 05
PT Kelsri (Co-Plaintiff)
versus
Commission for the Supervision of Business Competition/KPPU (Appeal Respondent)
Claim Value Rp6,000,000,000
Resum This case is an appeal against the verdict of West Jakarta District Court No. 001/Pdt.P/KPPU/2011/
PN.JKT.BAR that upheld the decision of the Commission for the Supervision of Business
Competition (KPPU) which stated that PGN and PT Kelsri had violated Article
22 of Law No. 5 year 1999 regarding the Prohibition on Monopolistic Practices and Unhealthy
Competition. In that verdict, PT. Kelsri was required to pay a Rp4,000,000,000 fine, and PGN was
required to pay Rp6,000,000,000.
Update On 19 June 2012, PGN and PT Kelsri filed a claim against the verdict of the West Jakarta District
Court. On 13 November 2012, KPPU filed a Counter Claim against the claim filed by PGN and PT
Kelsri.
On 31 May 2013, the Supreme Court issued a verdict rejecting the Claim filed by the Company and
PT Kelsri, and upheld the verdict
of the West Jakarta District Court No. 001/Pdt.P/KPPU/2011/PN.JKT.BAR, and verdict KPPU No. 38/
KPPU-L/2010.
However, As of the Financial Statement date, the Company has not received an official copy of
this verdict.
Impact on the Company This case had no effect on the Company.
202 Good Corporate Governance PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
On 23 May 2013, the Plaintiff filed a Claim with the Supreme Court through the Chair of the
Commercial Court at the Central Jakarta District Court.
On 8 June 2013 the Company filed a Counter Claim against the Claim filed by the Plaintiff above.
As of the Financial Statement date, this case is still being investigated by the Supreme Court.
Impact on the Company This case had no effect on the Company.
The Company became involved in this case because the Plaintiff considered that the Company
had acted unlawfully by signing a reconciliation agreement that did not mention that the land
belonged to the Plaintiff.
Update On 10 December 2013 a session was held to read the Plaintiffs claim. Regarding the Claim, the
Panel of Judges asked the Defendant to deliver a response at the session scheduled for
22 December 2013.
As of the Financial Statement date, this case was still under investigation
by the Medan District Court.
Impact on the Company This case had no effect on the Company.
203 Good Corporate Governance PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
As of the Financial Statement date, the Central Jakarta District Court is still investigating the case.
Impact on the Company This case had no effect on the Company
05
Access to Information
To facilitate stakeholders access to information, Stock Exchange. PGN is also proactively gives notice
PGN is continually updating its information of all Corporate actions through press releases
delivery facilities and infrastructure. Additionally, in Indonesian and English, which can also be
PGN consistently strives to strengthen its IT downloaded from the PGN website.
platforms to safeguard and improve reliability
and ensure the integrated, prompt, and accurate Customers and prospective customers can obtain
provision of information through its website further information about PGN by sending an email
www.pgn.co.id, and the Ministry of SOEs portal. to contact.center@pgn.co.id, or by contacting the
Contact Center on 0800 1500 645. Investors, analysts,
In compliance with information disclosure and shareholders can contact Investor Relations
requirements, PGN also consistently reports directly by sending an email to
material information and facts to the capital investor.relations@pgn.co.id,
market authorities, both in writing to Bapepam- or by calling (6221) 6334838.
LK, and via electronic reporting to the Indonesia
In 2014, PGN donate 1 (one) unit of mobile library for Gresik Regency
Government. This is part of PGN contribution for education in Indonesia.
Corporate Social and
205 Environmental Responsibilty
PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
06
Corporate Social and
Environmental Responsibility
06
206 Section Title > Current Topic Head> Specific Identifier PT Perusahaan Gas Negara (Persero) Tbk
Potential For Second Line If Needed Laporan Tahunan 2014
Corporate Social and
207 Environmental Responsibilty
PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
06
PGN has adopted the understanding of social and governments efforts to create prosperous people by
environmental responsibility clearly defined in Law implementing various environmental, social and
No. 40/2007 on Limited Liability Companies article community programs.
1 paragraph 3 article 74. In 2012, social responsibility
was reaffirmed in Government Regulation CSR in PGN is implemented on the basic CSR concept
No. 47/2012, as mandated by Law No. 40/2007. of PGN Share, namely:
Contributing to the improvement of public WELFARE;
Generally, and by the international community, Creating a HARMONIOUS relationship
Social and Environmental Responsibility (SER) is with stakeholders;
better known as Corporate Social Responsibility Implementing sustainable partnership programs
(CSR). Therefore, as a listed company, SER to PGN is and Community Development Program to
synonymous with CSR. As defined by international establish TRUST;
understanding, which is also adopted by PGN, Being RESPONSIVE to societys social problems;
CSR is not just a matter of charitable donations, Showing EMPATHY for societys social problems.
but also encompasses broader concerns, such as
sustainable care for the environment, respect CSR in PGN covers 5 sections, including:
for human rights, the obligation to provide a 1. Environmental responsibilities;
comfortable place of work and good labor relations 2. Labor practices;
for its employees, prioritizing occupational health 3. Occupational health and safety practices;
and safety and participating in developing the 4. Social and community development;
economy and local communities. 5. Customer responsibility.
CSR PGN
Customer
RESPONSIBILITY
OCCUPATIONAL
ENVIRONMENTal HEALTH AND
responsibilities SAFETY PRACTICES
CORPORATE
SOCIAL AND
ENVIRONMENTAL
RESPONSIBILITY
06
SOCIAL AND
LABOR PRACTICES COMMUNITY
DEVELOPMENT
Corporate Social and PT Perusahaan Gas Negara (Persero) Tbk
210 Environmental Responsibilty Annual Report 2014
Environmental
Responsibility
06
3. Conserving energy to achieve efficient and With regard to climate change, PGN has established
optimized energy use; policies that are environmentally friendly and
4. Educating all workers through the provision encourage business partners and communities to
of ongoing education and training and implement environmental programs. For operational
cultivating implementation of Safety, Health and activities such as operating the compressor turbine,
Environment rewards and sanctions; we utilize natural gas as a more environmentally
5. Investigating every incident, workplace friendly source of energy. The Company also utilizes
accident and occupational disease, as well natural gas as a fuel chiller to replace the use of non-
as environmental pollution, and ensuring environmentally friendly diesel.
precautionary follow-up on findings; and
6. Evaluating Health, Safety and Environment
performances regularly for continuous
improvement of environmentally friendly
energy use.
Corporate Social and PT Perusahaan Gas Negara (Persero) Tbk
212 Environmental Responsibilty Annual Report 2014
In principle, the carbon calculator we made can be easily used by PGN. The carbon calculator operator
inputs data on the amount of KWh consumed from the electricity meter, or vehicle fuel consumed, or the
m3 volume of gas consumed in certain locations and for certain years, which can then be seen as total
carbon emissions in the form of tables or graphs. Data sheets prepared using Spreadsheet Application are
also displayed in the web-based version. Here are PGNs carbon emissions per Work Unit for 2014:
PGN Carbon Emissions per Work Unit 2014 (In Tons of CO2 eq)
Scope 1 Scope 2
Work Unit Venting Instrumen Blowdown Gas Leaks Gas Fuel Generator Vehicle Vehicle Gas for Electricity Flights
tationt Fuel Fuel CNG Chillers
Head
quarters
-
- - - - 16.85 164.14 211.92 997.09 4,824.56 45.56
Given that PGNs business activities are based on the utilization of natural resources, PGN is committed
to managing the environment wisely and responsibly. Therefore, PGN is strongly committed
to complying with all applicable legislations, including Law No. 32/2009 on the Protection and
Management of the Environment.
Every operational activity undertaken by PGN requires attention be paid to provisions contained in the
Environmental Impact Analysist (AMDAL) document and Environmental Management - Environmental
Monitoring Plan (UKL-UPL) documents. Thus, PGN can always anticipate the impacts that will arise, as well
as assess and seek the best alternative solutions to alleviate these impacts.
The objective of PGNs environmental management practices can be seen from the implementation
of its AMDAL (RKL-RPL / UKL-UPL), as evidenced in the RKL-RPL and UKL-UPL implementation report.
Additionally, PGNs compliance with Government regulations can be seen from the environmental
permits it has processed. In 2014, the environmental permits it obtained included:
1. UKL-UPL Environmental Permit for the Upgrading of Sunyaragi Station, Cirebon District,
West Java province;
2. UKL-UPL Environmental Permit for the Development of a Central Java Distribution Pipeline in
Central Java province;
Corporate Social and
215 Environmental Responsibilty
PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
Labor Practices
I. KETENAGAKERJAAN
06
The management also routinely communicates Law No. 13/2003 on Labor Relations, as well as
directly between the management and Labor Manpower and Transmigration Ministerial Decree
Union through Town Hall Meetings and No. Kep.225/Men/2003 on Procedure to Form, and
Workshops. In 2014, there was one Town Hall Membership of, a Bipartite Cooperative Institution.
Meetings and two workshops.
The Bipartite Cooperative Institution is vital to
b. Freedom of Association prevent and minimize misunderstandings between
As a publicly listed company, PGN guarantees its the two sides, to accommodate the companys
employees freedom of association by creating a and the employees desires and aspirations, and
labor union. This guarantee is provided because to provide a bridge between the company and the
the management adheres to the paradigm that employees for the voicing of desires and aspirations
employees and companies need each other. and for discussion of various matters pertaining
The guarantee to freely create a labor union is to the Company. Routine Bipartite Cooperative
recorded in Law No. 21/2000 on Labor Unions. Institution meetings are conducted quarterly to
foster harmonious industrial relations.
Employees and labor unions serve an important
function in industrial relations, namely c. Collective Labor Agreement
working in accordance with their obligations, The Collective Labor Agreement was agreed on
maintaining continuity of production, 4 July 2013 and approved by the Manpower and
channeling democratic aspirations, developing Transmigration Ministry through decision letter No.
skills and expertise and helping to advance the 106/PHIJSK PKKAD/PKB/VII/2013 dated 9 July 2013.
company and the welfare of its members and SP-PGN represented the employees in discussions
their families. with the management to compile the CLA.
Currently, the labor union at PGN is the The CLA accommodates the rights and
PT Perusahaan Gas Negara (Persero) Tbk (PGN) responsibilities of the company and the employees
Labor Union (Serikat Pekerja SP), abbreviated equally. The CLA is intended to:
as SP-PGN. The union is independent and Provide assurance on the rights and obligations
unaffiliated. SP-PGN has been registered of the company and its employees, including:
with the employment authorities under industrial relations, working conditions, and the
Proof of Registration No. 387/II/P/IX/2009 Company Code of Conduct;
dated 19 September 2009 by the Manpower Strengthen and enhance cooperation between
and Transmigration Agency West Jakarta the company and its employees;
Administration. The union leadership is spread Regulate the fair resolution of disagreements
through each of PGNs organizational units and so that they do not lead to disputes. Any
centralized under the central committee at PGN differences are to be resolved through
Head Office. Union membership is not obligatory. discussion and consensus.
PGN believes that its relationship with SP-PGN
is harmonious and all problems can be settled
through consensus.
d. Regulating Work Hours, Rest and Permission to Equal opportunity is also provided for all
Leave Work employees to participate in training and
To avoid excessive labor exploitation, the Company education programs, from supervisory level to top
has set limits on working hours. Working hours management. Throughout 2014, six mandatory
are determined by the area of work and the nature competency programs were run with 146
of the job. In PGN, this applies to regular working participants, 44 managerial competency programs
hours, shift work and special working hours for the were attended by 953 participants, 87 competency
completion of jobs in specific areas. If an employee programs were attended by 1,847 participants,
works beyond the time specified, overtime will be as well as 265 public training programs attended
paid in accordance with prevailing legislation. by 796 participants and also 10 public foreign
trainings attended by 22 participants.
For operational work that must be carried out
reliably 24 hours a day, PGN utilizes a shift system. PGN complies with policies prohibition the
Shift requirements are adapted to the conditions employment of children and, at the time of this
encountered in the field, but usually there are 2-3 report, the youngest PGN employee was aged 22.
shifts a day. If employees have to work beyond The minimum age requirement implemented
the shift deadline, they will be paid based on pre- by PGN is 18 years of age. This complies with the
determined and agreed calculations. This system is governments decision to ratify the ILO Convention.
intended to prevent actions that can be categorized
as forced labor.
e. Human Rights 06
PGN respects human rights by applying the
practice of non-discrimination based on gender,
ethnicity, religion or political affiliation. This is
reflected in the daily work environment, as well as
during recruitment of new employees.
Interview with
Hendi Kusnadi
Director Of HUMAN RESOURCES
and general Affair
The training program is not only carried out within Indonesia, but
carried out in other countries. In 2014, we cooperated with GDF Suez
and organized several training activities in the form of an Exchange
and Experience Learning with a total of 28 participants. Besides, we also
provide the opportunity for the best workers to continue their education
to Undergraduate, Graduate, and Post Graduate Programs. In 2014 total
employees who received a scholarship to overseas Post Graduate Programs
were increased. In addition, we also have PGN STAR program and learning
activities conducted through a web-based online system.
Please comment on any Industrial relations in PGN is conducted within the framework of
Q A
issues regarding industrial partnership. The Company seeks to build a harmonious labor relation
relations, remuneration, with the Union. Every quarter Companys management representative
and incentive programs. and representatives of Unions held a coordination meeting through
Bipartite Cooperative Institution (Lembaga Kerjasama Bipartit)
to discuss matters that require together attentions. All rights and
obligations of employees and companies are equally stated in the
Collective Labor Agreement.
Facilities to Develop Best Potential in Employees and Commerce, which relate directly to revenue
growth, natural gas distribution expertise and
a. Competency Management customer satisfaction.
The basis for training and human resource
development in PGN is both basic competence and c. Performance Management
competence in the field. Coaching and development Performance Management is the principal tool
are carried out through education, training, special for the management to monitor the progress of
assignment and transfer and promotion programs. each employee, as well as provide feedback to
Periodically employees are given an overview of the employees on necessary improvements. With the
competencies they master from the results of the Individual Performance Management System
assessment process. (SMKI) that has been implemented since 2012,
every target for each employee must refer to the
PGN has proven its commitment with the Companys Strategic Business Priority (SBP) and
development of an HR organization based on the their supervisors targets. The Company targets are
scope of strategic work, and the establishment of directly supported by and distributed among the
a competence development service within the HR Directors, and then cascaded down to staff level.
organizational structure, with the following duties With the implementation of SMKI, all employees
and roles: are encouraged to give their best because they
1. The creation of a comprehensive and integrated understand the work they do contributes directly
competency-based HR system. to PGNs corporate achievements.
2. The availability of thorough employee
competency profiles. The SMKI is supported by a web-based application
3. Identification of competency gaps for each employee. which is used by all employees to submit
4. The creation of talent management. information regarding performance management.
5. Talent development in accordance with the Simply by connecting to the internet, at the
Companys needs. beginning of the year, all employees set SMART
6. Retaining workers with the potential and (Specific, Measurable, Achievable, Reasonable and
motivation for the best performance. Time-bound) targets, linked to the targets set by
their supervisors and aligned with the SBP. At
Implementation of competency data management the end of the first semester, every supervisor is
is through a competency-based human resource required to give feedback on the progress made by
development model (CBHRM), as well as their staff. At the end of the period, assessments 06
competence development planning through Talent are conducted on individual achievements and
Management. This demonstrates PGNs seriousness one of the following ratings is given: Outstanding,
in managing the professionalism of its employees. Very Good, Good Plus, Good, Reasonable and
Unsatisfactory. These ratings form the basis of
b. Employee Education and Training decisions on the employees remuneration and
PGN continually runs employee training and career path.
development to ensure the competencies and skills
that it requires are in place. Education and training d. Employee Turnover Level
programs are consistently implemented by PGN to A good working environment tends to be
maintain and create the best worker competencies. reflected in low employee turnover. In 2014, PGN
The competence development programs are had 1,509 employees, a reduction from 1,540 in
arranged in a planned, systematic and focused way 2013. This was for the most part due to natural
based on company development. causes, i.e. retirement or death. This has had a
positive financial impact by optimizing employee
PGN has developed outlines, syllabuses, modules development and training costs.
and facilitator guidelines for training and
education programs for Engineering, Operations
Corporate Social and PT Perusahaan Gas Negara (Persero) Tbk
222 Environmental Responsibilty Annual Report 2014
06
Corporate Social and PT Perusahaan Gas Negara (Persero) Tbk
224 Environmental Responsibilty Annual Report 2014
06
Continuous
Improvements
Applying PDCA
Cycle Approach
Management
6 Review 2 OHS Policy
CT
PL
AN
DO
Examining and
5 EC
3
K
CH Planning
Repairing
Implementing and
4 Operation
OHS Targets
Continuous improvements are being made in the application of the OHS Management System. This is
reflected in the increase in the targets that relate to improvements in the Companys OHS performance.
TARGET K3PL-E
Item Target 2014
Fatality 0
Major Incident 0
Moderate Incident 0
LTIF 0
Lagging Indicator
Incident
Minor Incident 3
Serious Vehicular Incident
(Vehicular Incident with a value > 2
Rp50,000,000.-)
Nearmiss dan First Aid -
TSAF 0.45
Health
Work-related Illness 0
% Participants 100%
Risk Containmet Audit
% Severity 75 -
% Severity Improvement 4/5 100%
% Severity Improvement 3 85%
% RCA Training and Refreshers, outsourced 100%
Leading Indicator
Safe Index -
Unsafe Act/Hour -
% Observation and Refresher Training 100%
% Follow Up on Audit Results (for Head
100%
Audit
HEALTHY ROADMAP
ENT
VEM
PRO
S IM
UOU
TIN
CON 2017
Consistency in performing
occupational health
2015 - 2016 Health data analysist
Occupational health
service development
Incident and occupational
diseases prevention
2013 - 2014 Work, health, service as
comprehensive (health
promotion, prevention,
Regulation fullfilment
medication, and
Preparation of first rehabilitation)
aid kit in work place
Working ability
Medication oriented
The handling of incident judgement
and occupational
deaseases
OHS Reporting
PGN routinely submits reports to the regulator. These reports are submitted quarterly to the Manpower and
Transmigration Ministry and monthly to the Oil and Gas Directorate General.
OHS Achievements
The top managements strong commitment and tangible efforts made by all PGN employees to create a culture
that is OHS-risk aware has seen several OHS reference parameters improve. In 2013, there were no accidents
that resulted in loss of work hours. In 2014, there was 1 (one) fatality that resulted in a loss of safe working
hours in the PMO infrastructure environment.
Corporate Social and
229 Environmental Responsibilty
PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
Safety Metrics
Safety Metrics are the performance indicators for each SBU and the Head Office for the implementation and
management of OHS. Through these metrics, PGN monitors, evaluates and determines measures to improve OHS
performance every month.
Minor incident 0 3 0 0 0 2 3
Incident
% Periodic Medical
74.64% 99% 100% 100% 100% 74.67% 100%
Health
Checkup
Working environmental
100% 100% 100% 100% 100% 100% 1x/year
measurement
Audit
Surveillance OHSAS 18001:2007 Maintained Maintained Maintained Maintained Maintained Maintained Maintained
12,000,000
11,621,334
9,278,717 8,752,333
8,000,000
6,574,016
4,000,000
314,483
0
Head SBU SBU SBU SBU Project
Office Distribution I Distribution II Distribution III TSJ
Corporate Social and PT Perusahaan Gas Negara (Persero) Tbk
230 Environmental Responsibilty Annual Report 2014
LTI Frequency
PGNs performance parameters for LTI Frequency show that in 2014, all Units and Head Office were compliant
with the predetermined target of Zero, however, PMO Infrastructure did not achieve this target (LTI > 0) because
of one incident categorized as lost time injury.
20,000,000
16,000,000 16,121,554
14,489,937
12,000,000
9,487,730 9,521,181
8,000,000
6,477,685 6,539,189
4,000,000
0
Head SBU SBU SBU SBU PMO
Office Distribution I Distribution II Distribution III TSJ Infrastructure
1.2
0.9
0.75
0.6
Target : 0,45
0.32
0.3
0.26
0.23
0.19
0.06
0
Head SBU SBU SBU SBU PMO
Office Distribution I Distribution II Distribution III TSJ Infrastructure
Corporate Social and
231 Environmental Responsibilty
PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
06
Based on this new policy, funding for the Partnership The Partnership and Community Development
and Community Development Program has changed; Program is implemented through a variety of
as well as being appropriated from after-tax profits programs managed under the Corporate Social
in 2012, it also comes from the companys budget and and Environmental Responsibility Division, which
is calculated as a cost. Further, since 2013, PGN has comes under the Finance Directorate. Overall, its
made a policy whereby it only funds the Community scope encompasses the Partnership and Community
Development Program from the companys budget, Development Program and the CSR Program.
while the Partnership Program only manages
available funds.
Corporate Social and PT Perusahaan Gas Negara (Persero) Tbk
234 Environmental Responsibilty Annual Report 2014
Partnership Program
has become part of
PGNs Corporate Social
and Environment
as Companys form
of concerns to the
community beyond
PGNs operational area.
Corporate Social and
235 Environmental Responsibilty
PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
Guidance provided during 2014 for development State Food Aid in the form of corned beef and
partners included: sausage for areas affected by disaster;
Simple Financial Management Training and Rubber boats and relevant equipment for flooding
Motivation for SME Cluster Kulon Progo, Sleman in Jakarta;
and Gunung Kidul, Yogyakarta. Kitchen facilities for victims of landslides in
Participation in INACRAFT 2014 exhibition Banjarnegara Central Java;
Participation in Adiwastra 2014 exhibition Staple goods, towels and blankets for flood victims
Participation in Indonesia Fashion Week 2014 in Pati and Semarang Central Java;
Participation in CRAFINA 2014 exhibition Staple goods for flood victims in Bojonegoro, Batu
Participation in INACRAFT Malaysia 2014 exhibition and Malang East Java;
Publishing Development Partners in the INACRAFT Health services and kitchen facilities for victims of
2014 Directory. the Mt Kelud eruption in Kediri East Java;
Seeds and organic fertilizer to restore the
The Partnership Program became part of PGNs SER, economy of victims of the Mt. Kelud eruption in
reflecting PGNs concern for society as a whole not just Kediri East Java.
for communities in the vicinity of PGNs operations
but also beyond those areas. We hope that the range of Education and Training Assistance
partnership programs actively implemented by PGN is PGN pays great attention to education; educational
able to stimulate national economic growth through assistance provided by PGN included:
community-based economic pillars of strength, namely Sending young teachers on the 31 SD support
PGNs development partner SMEs and farmers. program in South Sumatera, Lampung, Banten
and East Java, in cooperation with Teaching
Natural Disaster Relief Indonesia Foundation;
During 2014, several natural disasters occurred in Building and renovating schools in the vicinity of
Indonesia. To show our concern and empathy for operational areas in Medean, Deli Serdang, Batam,
the victims of these disasters, PGN provided the Pulau Pemping, Palembang, Lampung, Jakarta,
following aid: Semarang and Pasuruan, in synergy with PT WIKA
Charity for flood victims in Serang and and PT PP;
Tangerang Banten; Providing scholarships to 1,125 students from 15
Health services, staple goods and kitchen facilities state universities in Indonesia;
for flood victims in West Jakarta and Bekasi (Muara Providing character-based training for
Bekasi Babelan and Hurip Jaya); kindergarten/early learning teachers in the vicinity 06
of PGNs operational area;
Building a School Reading Park in Batam, Pulau
Pemping, Jakarta and East Java, in cooperation with
PT Balai Pustaka.
Corporate Social and PT Perusahaan Gas Negara (Persero) Tbk
236 Environmental Responsibilty Annual Report 2014
FUND DISBURSEMENT FOR THE CORPORATE SOCIAL AND ENVIRONMENTAL RESPONSIBILITY PROGRAM IN 2014
Description TJSL (Rp) TJSL (USD) * PKBL (Rp) PKBL (USD) ** Amount (Rp) Amount (USD)
A. Environmental Program
SOE Partners
Disaster Relief 4,120,731,525.00 345,809.30 - - 4,120,731,525.00 345,809.30
Education and Training 52,911,578,125.00 4,416,139.82 2,680,529,357.00 215,476.64 55,592,107,482.00 4,631,616.46
Facility and Infrastructure development 28,697,011,571.01 2,436,987.13 179,781,300.00 14,451.87 28,876,792,871.00 2,451,439.00
Worship Facility 8,472,278,676.00 695,590.86 1,073,990,936.00 86,333,68.00 9,546,269,612.00 781,924.54
Nature Conservation 28,739,820,116.00 2,408,863.81 312,552,907.00 25,124.83 29,052,373,023.00 2,433,988.65
Poverty Allevation 4,157,346,530.00 342,779.06 803,775,000.00 64,612.14 4,961,121,530.00 407,391.20
Total Disbursement SOE Partner 7,774,632,361.00 648,282.97 - - 7,774,632,361.00 648,282.97
Total Disbursement SOE Partner 134,873,398,904.00 11,294,452.96 5,050,629,500.00 405,999.16 139,924,028,404.00 11,700,452.11
Total Realization of Environmental
134,873,398,904.00 11,294,452.96 5,050,629,500.00 405,999.16 139,924,028,404.00 11,700,452.11
Management Program
B. PARTNERSHIP PROGRAM
Soft Loan
Industry Sectors (DI. Yogyakarta) 905,000,000.00 72,749.20 905,000,000.00 72,749.20
Trading Sectors (DI. Yogyakarta) 15,000,000.00 1,205.79 15,000,000.00 1,205.79 06
Plantation Sectors (Jawa Timur) 150,000,000,000.00 12,057,877.81 150,000,000,000.00 12,057,877.81
Service Sectors (DI. Yogyakarta) 20,000,000.00 1,607.72 20,000,000.00 1,607.72
Total Soft Loan (3) - - 150,940,000,000.00 12,133,440.51 150,940,000,000.00 12,133,440.51
Training
Marketing and promotion 640,318,263.00 51,472.53 640,318,263.00 51,472.53
Education and training partnership 4,506,891,120.00 362,290.28 4,506,891,120.00 362,290.28
Development Partnership - - - -
Total Partnership - - 5,147,209,383.00 413,762.81 5,147,209,383.00 413,762.81
C. Operating Expenses
Operating expense partnership 1,127,795,494.00 90,658.80 1,127,795,494.00 90,658.80
Operating expense environment
3,839,176,835.00 308,615.50 3,839,176,835.00 308,615.50
development program
Total Operating Expense - - 4,966,972,329.00 399,274 4,966,972,329.00 399,274.00
Total 134,873,398,904.00 11,294,452.96 166,104,811,212.00 13,352,476.79 300,978,210,116.00 24,646,929.00
* Using transaction rate
** for comparison purpose, this is converted using the BI middle rate at the end of 2014 of USD 1 = IDR 12,440
Corporate Social and PT Perusahaan Gas Negara (Persero) Tbk
238 Environmental Responsibilty Annual Report 2014
Customer responsibility
Policy
PGN is committed to fulfilling its responsibilities PGN takes into account the unique and dynamic
to customers. For PGN, customers are our partners characteristics of its customers so that it can continue
in developing our business for the future, and to fulfill their needs. PGN carries out various activities
customer satisfaction is therefore a fundamental to ensure that we meet customer expectations with
and important part of our service. PGN is regard to both technical and service excellence.
committed to implementing customer satisfaction
programs by campaigning for the importance of
Excellence Service in ProCISE, our Corporate Culture.
Corporate Social and
239 Environmental Responsibilty
PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
06
activities UNDERTAKEN Agent, while every complaint is forwarded to the
In 2014, PGN implemented the following premium relevant department for follow up. All inquiries
service programs to its customers: and complaints are recorded in the Contact Center
1. Contact Center database. The Contact Center is headquartered at
PGN operates a Contact Center that can be Head Office and integrated into the Companys
reached by phone on 1500645 or by email three regional Strategic Business Units in Jakarta,
at contact.center@pgn.co.id. Customers and Surabaya and Medan.
prospective customers can contact this number
to obtain information, make complaints or make One of the elements of our Corporate Culture,
inquiries about PGNs products and services. ProCISE, is Service Excellence, which requires a
maximum response time for complaints of 24
The PGN Contact Center operates 24 hours a hours from the time of receipt. During 2014, there
day, 7 days a week. All general inquiries about were 4,998 complaints, all of which were handled
PGN are handled directly by a Contact Center and settled in under 24 hours.
Corporate Social and PT Perusahaan Gas Negara (Persero) Tbk
240 Environmental Responsibilty Annual Report 2014
06
Corporate Social and PT Perusahaan Gas Negara (Persero) Tbk
244 Environmental Responsibilty Annual Report 2014
07
Consolidated Financial
Statements
07
246 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN KEUANGAN KONSOLIDASIAN CONSOLIDATED FINANCIAL STATEMENTS
PADA TANGGAL 31 DESEMBER 2014 DAN AS OF DECEMBER 31, 2014 AND
TAHUN YANG BERAKHIR PADA TANGGAL YEAR THEN ENDED
TERSEBUT BESERTA LAPORAN AUDITOR WITH
INDEPENDEN INDEPENDENT AUDITORS REPORT
Halaman/
Page
Laporan Posisi Keuangan Konsolidasian ...................... 1-2 ............... Consolidated Statement of Financial Position
Laporan Laba Rugi Komprehensif Konsolidasian.......... 3-4 ..... Consolidated Statement of Comprehensive Income
Laporan Perubahan Ekuitas Konsolidasian................ ... 5 .............. Consolidated Statement of Changes in Equity
Catatan atas Laporan Keuangan Konsolidasian............ 7-217 ........... Notes to the Consolidated Financial Statements
**************************
249 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
250 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
251 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
252 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN POSISI KEUANGAN CONSOLIDATED STATEMENT OF FINANCIAL
KONSOLIDASIAN POSITION
31 Desember 2014 December 31, 2014
(Disajikan Dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
31 Des. 2013/
Dec. 31, 2013
(Disajikan Kembali - 1 Jan. 2013
Catatan 4/ 31 Des. 2012/
Catatan/ 31 Des. 2014/ As Restated - Jan. 1, 2013/
Notes Dec. 31, 2014 Note 4) Dec. 31, 2012)
ASET ASSETS
Total Aset Tidak Lancar 4.354.681.038 2.537.482.690 1.924.344.282 Total Non-Current Assets
Catatan atas laporan keuangan konsolidasian terlampir merupakan The accompanying notes to the consolidated financial statements
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian form an integral part of these consolidated financial statements
secara keseluruhan. taken as a whole.
1
253 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN POSISI KEUANGAN CONSOLIDATED STATEMENT OF FINANCIAL
KONSOLIDASIAN (lanjutan) POSITION (continued)
31 Desember 2014 December 31, 2014
(Disajikan Dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
31 Des. 2013/
Dec. 31, 2013
(Disajikan Kembali - 1 Jan. 2013
Catatan 4/ 31 Des. 2012/
Catatan/ 31 Des. 2014/ As Restated - Jan. 1, 2013/
Notes Dec. 31, 2014 Note 4) Dec. 31, 2012)
Total Liabilitas Jangka Pendek 1.090.616.756 886.131.729 472.749.424 Total Current Liabilities
Total Liabilitas Jangka Panjang 2.161.809.828 760.734.933 1.080.620.917 Total Non-Current Liabilities
EKUITAS EQUITY
Ekuitas yang dapat diatribusikan Equity attributable to owners of
kepada pemilik entitas induk the parent entity
Modal saham - nilai nominal Share capital
Rp100 per saham Par value Rp100 per share
Modal dasar - 70.000.000.000 saham Authorized - 70,000,000,000 shares
yang terdiri dari 1 saham Seri A which consist of 1 Series A
Dwiwarna dan 69.999.999.999 Dwiwarna share and 69,999,999,999
Saham seri B Series B share
Issued and fully paid -
Modal ditempatkan dan disetor penuh - 24,241,508,196 shares which
24.241.508.196 saham yang terdiri dari consist of 1 Series A Dwiwarna
1 saham Seri A Dwiwarna dan share and 24,241,508,195
24.241.508.195 saham Seri B 2u,25 344.018.831 344.018.831 344.018.831 Series B shares
Modal saham diperoleh kembali 2u,25 (251.054) (251.054) (251.054) Treasury stock
Modal disetor lainnya 2p,2u,24,25 157.254.312 157.254.312 157.254.312 Other paid-in capital
Saldo laba 2u,26,39 Retained earnings
Dicadangkan 1.892.288.752 1.477.639.771 1.092.941.286 Appropriated
Tidak dicadangkan 425.113.463 562.892.631 649.327.501 Unappropriated
2b, 2u
Komponen ekuitas lainnya 2v,7,24,35 (51.162.594) (52.232.866) (45.946.520) Other components of equity
TOTAL LIABILITAS DAN EKUITAS 6.215.496.359 4.318.010.538 3.908.162.319 TOTAL LIABILITIES AND EQUITY
Catatan atas laporan keuangan konsolidasian terlampir merupakan The accompanying notes to the consolidated financial statements
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian form an integral part of these consolidated financial statements
secara keseluruhan. taken as a whole.
2
254 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN LABA RUGI KOMPREHENSIF CONSOLIDATED STATEMENT OF
KONSOLIDASIAN COMPREHENSIVE INCOME
Tahun Yang Berakhir Pada Tanggal Year Ended December 31, 2014
31 Desember 2014 (Expressed in US Dollar, Unless Otherwise Stated)
(Disajikan Dalam Dolar AS, Kecuali Dinyatakan Lain)
2013
(Disajikan kembali
- Catatan 4/
Catatan/ As restated -
2014 Notes Note 4)
2f,2q,2x,
PENDAPATAN NETO 3.408.590.061 27,37,46 3.001.516.630 NET REVENUES
2f,2q,2x,
BEBAN POKOK PENDAPATAN (1.943.781.551) 28,37,46 (1.583.854.969) COST OF REVENUES
Laba kurs - neto 47.452.904 2u,34 83.899.215 Gain on foreign exchange - net
Kerugian penurunan nilai goodwill (5.234.075) 17 (35.533.126) Impairment losses on goodwill
Kerugian penurunan nilai properti Impairment losses on
minyak dan gas (34.661.543) 16 (23.475.745) oil and gas properties
Keuntungan dari Gain on bargain
pembelian dengan diskon 5.604.315 17 - purchase
Laba perubahan nilai wajar Gain on change in fair value of
derivatif - neto 2.181.174 2z,33 70.178.350 derivative - net
Bagian laba dari entitas asosiasi 30.906.198 14 32.272.194 Share in profit of the associated entities
Pendapatan keuangan 26.032.902 2q,5,6,7,32 26.910.239 Finance income
Beban keuangan (75.575.385) 2q,2t,19,22,31 (21.863.585) Finance cost
LABA SEBELUM BEBAN PAJAK 978.765.428 1.065.739.975 PROFIT BEFORE TAX EXPENSE
Catatan atas laporan keuangan konsolidasian terlampir merupakan The accompanying notes to the consolidated financial statements
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian form an integral part of these consolidated financial statements
secara keseluruhan. taken as a whole.
3
255 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN LABA RUGI KOMPREHENSIF CONSOLIDATED STATEMENT OF
KONSOLIDASIAN (lanjutan) COMPREHENSIVE INCOME (continued)
Tahun Yang Berakhir Pada Tanggal Year Ended December 31, 2014
31 Desember 2014 (Expressed in US Dollar, Unless Otherwise Stated)
(Disajikan Dalam Dolar AS, Kecuali Dinyatakan Lain)
2013
(Disajikan kembali
- Catatan 4/
Catatan/ As restated -
2014 Notes Note 4)
Catatan atas laporan keuangan konsolidasian terlampir merupakan The accompanying notes to the consolidated financial statements
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian form an integral part of these consolidated financial statements
secara keseluruhan. taken as a whole.
4
256
The original consolidated financial statements included herein are in the Indonesian language.
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
Tahun Yang Berakhir Pada Tanggal 31 Desember 2014 Year Ended December 31, 2014
(Disajikan Dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Ekuitas yang Dapat Diatribusikan Kepada Pemilik Entitas Induk/Equity Attributable to Owners of the Parent Entity
Selisih Perubahan
Kurs karena Nilai Wajar
Penjabaran Aset Keuangan
Laporan Keuangan yang Tersedia
Entitas Anak/ untuk Dijual/
Modal Saham Difference in Keuntungan Changes
Ditempatkan dan Saldo Laba/Retained Earnings Foreign Currency (Kerugian) in Total Komponen
Disetor Penuh/ Modal Disetor Translation Aktuaria/ Fair Value of Ekuitas Lainnya/ Kepentingan
Issued and Fully Modal Saham Lainnya/ Tidak of the Financial Actuarial Available Total Other Nonpengendali/
Catatan/ Paid Capital Diperoleh Kembali/ Other Paid Dicadangkan/ Dicadangkan/ Statements Gains for-sale Components Non-controlling Total Ekuitas/
Notes Stock Treasury Stock in Capital Appropriated Unappropriated of Subsidiaries (Losses) Financial Assets of Equity Interests Total Equity
Saldo pada tanggal 1 Januari 2013 344.018.831 (251.054) 157.254.312 1.092.941.286 649.327.501 (1.039.391) (53.821.333) 8.914.204 (45.946.520) 157.447.622 2.354.791.978 Balance as of January 1, 2013
Laba tahun berjalan 2013 (disajikan kembali) - - - - 804.450.586 - - - - 33.351.287 837.801.873 Profit for the year 2013 (as restated)
Pendapatan (kerugian) komprehensif lain - - - - - (14.010.436) 23.491.911 (15.767.821) (6.286.346) 617.195 (5.669.151) Other comprehensive income (loss)
Saldo pada tanggal 31 Desember 2013 344.018.831 (251.054) 157.254.312 1.477.639.771 562.892.631 (15.049.827) (30.329.422) (6.853.617) (52.232.866) 181.822.251 2.671.143.876 Balance as of December 31, 2013
(Disajikan Kembali) (As Restated)
Laba tahun berjalan 2014 - - - - 722.754.065 - - - - 24.917.415 747.671.480 Profit for the year 2014
Pendapatan (kerugian) komprehensif lain - - - - - (1.118.323) (5.070.023) 7.258.618 1.070.272 (457.670) 612.602 Other comprehensive income (loss)
Saldo pada tanggal 31 Desember 2014 344.018.831 (251.054) 157.254.312 1.892.288.752 425.113.463 (16.168.150) (35.399.445) 405.001 (51.162.594) 195.808.065 2.963.069.775 Balance as of December 31, 2014
PT Perusahaan Gas Negara (Persero) Tbk
257 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN ARUS KAS KONSOLIDASIAN CONSOLIDATED STATEMENT OF
Tahun Yang Berakhir Pada Tanggal CASH FLOWS
31 Desember 2014 Year Ended December 31, 2014
(Disajikan Dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Catatan/
2014 Notes 2013
Kas neto yang diperoleh dari (digunakan Net cash provided by (used in)
untuk) aktivitas pendanaan 469.728.520 (330.685.965) financing activities
Catatan atas laporan keuangan konsolidasian terlampir merupakan The accompanying notes to the consolidated financial statements
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian form an integral part of these consolidated financial statements
secara keseluruhan. taken as a whole.
6
258 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
1. UMUM 1. GENERAL
a. Pendirian Perusahaan a. The Companys Establishment
PT Perusahaan Gas Negara (Persero) Tbk PT Perusahaan Gas Negara (Persero) Tbk
(Perusahaan) pada awalnya bernama (the Company) originally named
Firma L. J. N. Eindhoven & Co. Gravenhage Firma L. J. N. Eindhoven & Co. Gravenhage,
yang didirikan pada tahun 1859. Kemudian, was established in 1859. Subsequently, the
pada tahun 1950, pada saat diambil alih oleh entity was named NV. Netherland Indische
Pemerintah Belanda, Perusahaan diberi Gaz Maatschapij (NV. NIGM), when the
nama NV. Netherland Indische Gaz Dutch Government took control in 1950.
Maatschapij (NV. NIGM). Pada tahun 1958, In 1958, when the Government of the
saat diambil alih oleh Pemerintah Republik Republic of Indonesia took over the entity, the
Indonesia, nama Perusahaan diganti menjadi Companys name was changed to Badan
Badan Pengambil Alih Perusahaan- Pengambil Alih Perusahaan-Perusahaan
Perusahaan Listrik dan Gas (BP3LG) yang Listrik dan Gas (BP3LG) and then later
kemudian beralih status menjadi BPU-PLN became BPU-PLN in 1961. On May 13, 1965,
pada tahun 1961. Pada tanggal 13 Mei 1965, based on Government Regulation
berdasarkan Peraturan Pemerintah No. 19/1965, the entity was declared as a
No. 19/1965, Perusahaan ditetapkan sebagai state-owned company (Perusahaan
perusahaan negara dan dikenal sebagai Negara) and became known as Perusahaan
Perusahaan Negara Gas (PN. Gas). Negara Gas (PN. Gas). Based on
Berdasarkan Peraturan Pemerintah Government Regulation No. 27 year 1984,
No. 27 tahun 1984, PN. Gas diubah menjadi PN. Gas was converted into a public Service
Perusahaan Umum (Perum) dengan nama Enterprise (Perum) under the name
Perusahaan Umum Gas Negara. Setelah itu, Perusahaan Umum Gas Negara. Afterwards,
status Perusahaan diubah dari Perum the status of the Company was changed from
menjadi perusahaan perseroan terbatas yang Perum to a state-owned limited liability
dimiliki oleh negara (Persero) dan namanya company (Persero) and the name was
berubah menjadi PT Perusahaan Gas Negara changed to PT Perusahaan Gas Negara
(Persero) berdasarkan Peraturan Pemerintah (Persero) based on Government Regulation
No. 37 tahun 1994 dan Akta Pendirian No. 37 year 1994 and the Deed of
Perusahaan No. 486 tanggal 30 Mei 1996 Establishment No. 486 dated May 30, 1996
yang diaktakan oleh Notaris Adam as notarized by Adam Kasdarmaji, S.H. The
Kasdarmaji, S.H. Akta Pendirian telah Deed of Establishment was approved by the
disahkan oleh Menteri Kehakiman Republik Ministry of Justice of the Republic of
Indonesia dalam Surat Keputusan Indonesia in its Decision Letter
No. C2-7729HT.01.01.Th.96. tanggal No. C2-7729HT.01.01.Th.96. dated
31 Mei 1996 dan diumumkan dalam May 31, 1996 and was published in the State
Lembaran Berita Negara Republik Indonesia Gazette of the Republic of Indonesia
No. 8508 Tambahan Berita Negara No. 80 No. 8508 dated October 4, 1996, Supplement
tanggal 4 Oktober 1996. No. 80.
Anggaran Dasar Perusahaan telah The Companys Articles of Association have
mengalami beberapa kali perubahan, yang been amended several times, most recently
terakhir dengan Akta Notaris No. 56 dari by Notarial Deed No. 56 of Notary Fathiah
Notaris Fathiah Helmi, S.H., tanggal Helmi, S.H., dated March 27, 2014
27 Maret 2014 (yang diganti dengan Akta (amended with Notarial Deed No. 32 dated
No. 32 tanggal 23 Juli 2014), yang mengatur, July 23, 2014), concerning, among others,
antara lain, perubahan susunan Dewan the change in the composition of the Boards
Komisaris dan Direksi. Perubahan ini telah of Commissioners and Directors of the
dilaporkan dan diterima oleh Menteri Hukum Company. The amendments were reported
dan Hak Asasi Manusia Republik Indonesia to and accepted by the Ministry of Laws and
dalam Surat Penerimaan Human Rights of the Republic of Indonesia in
No. AHU-21997.40.22.2014 tanggal its acknowledgement Letter
24 Juli 2014. No. AHU-21997.40.22.2014 dated
July 24, 2014.
7
259 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
8
260 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
9
261 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
10
262 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
11
263 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
12
264 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Total/Total 911 -
Total/Total 5 5
13
265 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Perusahaan dan Entitas Anak (Kelompok The Company and its subsidiaries (the Group)
Usaha) mempunyai kerjasama operasi minyak has interests in the following oil and gas joint
dan gas atau kontrak jasa/perjanjian partisipasi venture operations or Service
dan pembagian ekonomi pada tanggal Contracts/Participation and Economic Sharing
31 Desember 2014 dan 2013 sebagai berikut: Agreements as of December 31, 2014 and
2013:
Hak kepemilikan (%)/Interest (%)
Kerjasama Operasi/ Negara/
Joint Ventures Country 2014 2013
Blok Bangkanai Indonesia 30% 30%
Blok Ujung Pangkah Indonesia 100% 25%
Blok Ketapang Indonesia 20% 20%
Blok Lematang-Petar 1] Indonesia 5% 5%
Blok South East Sumatera Indonesia 8,91% -
Blok South Sesulu Indonesia 100% 100%
Blok Fasken Texas 36% -
Blok Muriah Indonesia 20% -
Blok Bangkanai Barat Indonesia 30% -
Kelompok Usaha melakukan sejumlah akuisisi The Group acquired several assets during
aset pada tahun 2014 dan 2015 (Catatan 16). 2014 and 2013 (Note 16).
Informasi mengenai Entitas Asosiasi yang Information about Associated entities owned
dimiliki oleh Kelompok Usaha pada tanggal- by the Group as of December 31, 2014 and
tanggal 31 Desember 2014 dan 2013 adalah 2013 are as follows:
sebagai berikut:
Kedudukan dan
Tahun Usaha
Komersial Dimulai/ Persentase Kepemilikan/
Domicile and Year Percentage of Ownership
Entitas Asosiasi/ of Commercial Kegiatan Usaha/
Associates Operations Started Business Activities 2014 2013
PT Nusantara Regas (NR) Jakarta, 2012 Pengelolaan dan pengembangan 40,00% 40,00%
fasilitas FSRT termasuk pembelian
LNG dan pemasaran atas hasil
pengelolaan fasilitas FSRT/
The management and development
of FSRT facilities including purchase
of LNG and marketing of products
arising from the operations of FSRT
facilities
PT Gas Energi Jambi (GEJ) Jambi, 2005 Transportasi dan distribusi gas bumi/ 40,00% 40,00%
Transportation and distribution of
natural gas
14
266 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
(iii) Akuisisi SIPL dan SPLLC (iii) Acquisition of SIPL and SPLLC
Pada tanggal 4 Januari 2014, SIP telah On January 4, 2014, SIP acquired 100%
melakukan akuisisi atas 100% kepemilikan equity interests in Hess (Indonesia
saham pada Hess (Indonesia Pangkah) Pangkah) Limited and Hess Pangkah LLC
Limited dan Hess Pangkah LLC dari pemilik from the previous owner Hess Oil and Gas
saham lama, yaitu Hess Oil and Gas Holding Inc. and Hess NWE Holdings, with
Holding Inc. dan Hess NWE Holdings, the purchase consideration transferred of
dengan imbalan pembelian yang dialihkan US$564,763,242 and US$89,501,000,
masing-masing sebesar US$564.763.242 respectively, which consist of acquisition
dan US$89.501.000, yang terdiri dari of shares amounting to US$27,429,910
akuisisi saham masing-masing sebesar and US$29,424,981 and assignment of
US$27.429.910 dan US$29.424.981 serta receivable by SEI amounting to
pengalihan piutang oleh SEI masing- US$537,333,333 and US$60,076,021,
masing sebesar US$537.333.333 dan respectively. Subsequently on January 16,
US$60.076.021. Selanjutnya pada tanggal 2014, HIPL and HPLLC have changed
16 Januari 2014, HIPL dan HPLLC berganti their names to Saka Indonesia Pangkah
nama menjadi Saka Indonesia Pangkah Limited (SIPL) and Saka Pangkah LLC
Limited (SIPL) dan Saka Pangkah LLC (SP), respectively.
(SP).
(iv) Akuisisi Sunny Ridge Offshore Limited (iv) Acquisition of Sunny Ridge Offshore
Limited
Pada tanggal 23 Oktober 2014, SEI, On October 23, 2014, SEI, through Saka
melalui Saka Energi Exploration Energi Exploration Production, B.V.
Production, B.V. (SEEPBV) (SEEPBV) signed a Sale and Purchase
menandatangani Perjanjian Jual Beli 100% Agreement of 100% equity interests in
saham Sunny Ridge Offshore Limited Sunny Ridge Offshore Limited (SROL)
(SROL) dengan Sunny Ridge Offshore M with Sunny Ridge Offshore M Limited with
Limited, dengan imbalan pembelian yang purchase consideration transferred of
dialihkan sebesar US$40.403.000. SROL US$40,403,000. SROL owns 20%
memiliki 20% hak kepemilikan di blok participating interest in Muriah block. This
Muriah. Perjanjian ini efektif pada tanggal agreement effective on December 16,
16 Desember 2014 dengan diterimanya 2014 upon the receipt of written waiver of
pemberitahuan tertutlis dari PC Muriah Ltd PC Muriah Ltd (JOA Co-Venturer)s
(JOA Co-Venturer) bahwa yang preferential right.
bersangkutan tidak akan menggunakan
hak preferential-nya.
15
267 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Lihat Catatan 17 untuk pengungkapan See Note 17 for disclosures of the Business
akuntansi Kombinasi Bisnis dari transaksi Combination accounting of the above
tersebut. transactions.
Susunan Dewan Komisaris dan Direksi The members of the Companys Boards of
Perusahaan pada tanggal Commissioners and Directors as of
31 Desember 2014 berdasarkan keputusan December 31, 2014 based on the resolution of
Rapat Umum Pemegang Saham Tahunan Annual General Meeting of Shareholders on
yang dilaksanakan pada tanggal March 27, 2014 are as follows:
27 Maret 2014 adalah sebagai berikut:
Dewan Komisaris Board of Commissioners
Komisaris Utama Bayu Krisnamurthi Chairman of the Board of Commissioners
Komisaris M. Zamkhani Commissioner
Komisaris Firmanzah Commissioner
Komisaris A. Edy Hermantoro Commissioner
Komisaris Independen Widya Purnama Independent Commissioner
Komisaris Independen Pudja Sunasa Independent Commissioner
Susunan Dewan Komisaris dan Direksi The members of the Companys Boards of
Perusahaan pada tanggal Commissioners and Directors as of
31 Desember 2013 berdasarkan keputusan December 31, 2013 based on the resolution of
Rapat Umum Pemegang Saham Tahunan Annual General Meeting of Shareholders on
yang dilaksanakan pada tanggal April 17, 2013 are as follows:
17 April 2013 adalah sebagai berikut:
Dewan Komisaris Board of Commissioners
Komisaris Utama Bayu Krisnamurthi Chairman of the Board of Commissioners
Komisaris M. Zamkhani Commissioner
Komisaris Firmanzah Commissioner
Komisaris Kiagus Ahmad Badaruddin Commissioner
Komisaris Independen Widya Purnama Independent Commissioner
Komisaris Independen Pudja Sunasa Independent Commissioner
16
268 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Pada tanggal 31 Desember 2014 dan As of December 31, 2014 and 2013, the
2013, susunan Komite Audit Perusahaan members of the Companys Audit Committee are
adalah sebagai berikut: as follows:
Ketua Pudja Sunasa Chairman
Anggota Mohamad Slamet Wibowo Member
Anggota Imbuh Sulistyarini Member
Anggota Kanyatama P. Mulyono Member
Anggota Gunawan Indradi Member
Pada tanggal 31 Desember 2014 dan As of December 31, 2014 and 2013, the
2013, jumlah karyawan tetap Perusahaan dan Company and its Subsidiaries have a total of
Entitas Anaknya masing-masing adalah 2.253 2,253 employees (unaudited) and 1,938
orang (tidak diaudit) dan 1.938 orang (tidak employees (unaudited), respectively.
diaudit).
17
269 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Mata uang fungsional entitas anak dan Regas The functional currency of the subsidiaries and
adalah Dolar Amerika Serikat, kecuali mata Regas is the US Dollar, except for PGASKOM,
uang fungsional PGASKOM, PGASSOL dan PGASSOL and Permata for which their
Permata yang mata uang fungsionalnya ffunctional currency is the Rupiah. Effective June
Rupiah. Efektif 1 Juni 2014, mata uang 1, 2014, the functional currency of PLI became
fungsional PLI menjadi Dollar Amerika US Dollar.
Serikat.
Seluruh saldo akun dan transaksi yang All significant intercompany accounts and
signifikan antara Perusahaan dengan Entitas transactions between the Company and
Anak telah dieliminasi. Subsidiaries have been eliminated.
Entitas-entitas Anak dikonsolidasi secara Subsidiaries are fully consolidated from the date
penuh sejak tanggal akuisisi, yaitu tanggal of acquisitions, being the date on which the
Perusahaan memperoleh pengendalian, Company obtained control, and continue to be
sampai dengan tanggal entitas induk consolidated until the date such control ceases.
kehilangan pengendalian. Pengendalian Control is presumed to exist if the Company
dianggap ada ketika Perusahaan memiliki owns, directly or indirectly through Subsidiaries,
secara langsung atau tidak langsung melalui more than a half of the voting power of an entity.
Entitas-entitas Anak, lebih dari setengah
kekuasaan suara entitas.
Pengendalian juga ada ketika entitas induk Control also exists when the parent owns half or
memiliki setengah atau kurang kekuasaan less of the voting power of an entity when there
suara suatu entitas jika terdapat: is:
(a) kekuasaan yang melebihi setengah hak (a) power over more than half of the voting
suara sesuai perjanjian dengan investor rights by virtue of an agreement with other
lain; investors;
(b) kekuasaan yang mengatur kebijakan (b) power to govern the financial and operating
keuangan dan operasional entitas policies of the entity under a statute or an
berdasarkan anggaran dasar atau agreement;
perjanjian;
18
270 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
(c) kekuasaan untuk menunjuk atau (c) power to appoint or remove the majority of
mengganti sebagian besar direksi atau the members of the board of directors or
organ pengatur setara dan equivalent governing body and control of the
mengendalikan entitas melalui direksi entity by that board or body; or
atau organ tersebut; atau
(d) kekuasaan untuk memberikan suara (d) power to cast the majority of votes at
mayoritas pada rapat dewan direksi atau meetings of the board of directors or
organ pengatur setara dan equivalent governing body and control of the
mengendalikan entitas melalui direksi entity by that board or body.
atau organ tersebut.
Rugi entitas anak yang tidak dimiliki secara Losses of a non-wholly owned subsidiary are
penuh diatribusikan pada KNP bahkan jika attributed to the NCI even if that NCI results in a
hal ini mengakibatkan KNP mempunyai saldo deficit balance.
defisit.
Jika kehilangan pengendalian atas suatu In case of loss of control over a subsidiary, the
entitas anak, maka Kelompok Usaha: Group:
menghentikan pengakuan aset (termasuk derecognizes the assets (including goodwill)
setiap goodwill) dan liabilitas entitas anak; and liabilities of the subsidiary;
menghentikan pengakuan jumlah tercatat derecognizes the carrying amount of any
setiap KNP; NCI;
menghentikan pengakuan akumulasi derecognizes the cumulative translation
selisih penjabaran, yang dicatat di ekuitas, differences, recorded in equity, if any;
bila ada;
mengakui nilai wajar pembayaran yang recognizes the fair value of the consideration
diterima; received;
mengakui setiap sisa investasi pada nilai recognizes the fair value of any investment
wajarnya; retained;
mengakui setiap perbedaan yang recognizes any surplus or deficit in profit or
dihasilkan sebagai keuntungan atau loss; and
kerugian dalam laba rugi; dan
mereklasifikasi bagian induk atas reclassifies the parents share of
komponen yang sebelumnya diakui components previously recognized in other
sebagai pendapatan komprehensif ke comprehensive income to profit or loss or
laporan laba rugi, atau mengalihkan retained earnings, as appropriate.
secara langsung ke saldo laba.
KNP mencerminkan bagian atas laba atau NCI represents the portion of the profit or loss
rugi dan aset neto dari Entitas Anak yang and net assets of the Subsidiaries not
tidak dapat diatribusikan secara langsung attributable, directly or indirectly, to the parent
maupun tidak langsung kepada entitas induk, company, which are presented in the
yang masing-masing disajikan dalam laporan consolidated statements of comprehensive
laba rugi komprehensif konsolidasian dan income and under the equity section of the
dalam ekuitas pada laporan posisi keuangan consolidated statements of financial position,
konsolidasian, terpisah dari bagian yang respectively, separately from the corresponding
dapat diatribusikan kepada pemilik entitas portion attributable to the owners of the parent
induk. entity.
19
271 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Untuk tujuan konsolidasi, laporan keuangan For consolidation purposes, the financial
entitas anak yang mata uang fungsionalnya statements of subsidiaries with functional
adalah selain Dolar Amerika Serikat currencies other than US Dollar are translated
dijabarkan ke dalam Dolar Amerika Serikat into US Dollar using the following:
dengan menggunakan:
Pendapatan dan beban/ Rata-rata tertimbang dari kurs tengah Bank Indonesia selama setahun dalam
Revenues and expenses laporan laba rugi komprehensif/
Weighted-average middle rate of Bank Indonesia during the year of statements of
comprehensive income
Selisih yang timbul dari penjabaran laporan The difference arising from the translation of
keuangan entitas anak tersebut ke dalam those subsidiaries financial statements into US
Dolar Amerika Serikat disajikan dalam akun Dollar is presented as Other Comprehensive
Pendapatan komprehensif lainnya - Selisih Income - Difference in Foreign Currency
Kurs karena Penjabaran Laporan Keuangan Translation of the Financial Statements of
Entitas Anak sebagai bagian dari Komponen Subsidiaries account as part of Other
Ekuitas Lainnya pada ekuitas dalam laporan Components of Equity in the equity section of
posisi keuangan konsolidasian. the consolidated statements of financial
position.
Kombinasi bisnis dicatat dengan Business combinations are accounted for using
menggunakan metode akuisisi. Biaya the acquisition method. The cost of an
perolehan dari sebuah akuisisi diukur pada acquisition is measured as the aggregate of the
nilai agregat imbalan yang dialihkan, diukur consideration transferred, measured at
pada nilai wajar pada tanggal akuisisi dan acquisition date fair value, and the amount of
jumlah setiap KNP pada pihak yang any NCI in the acquiree. For each business
diakuisisi. Untuk setiap kombinasi bisnis, combination, the Group selects whether it
Kelompok Usaha memilih apakah mengukur measures the NCI in the acquiree either at fair
KNP pada entitas yang diakuisisi baik pada value or at the proportionate share of the
nilai wajar ataupun pada proporsi kepemilikan acquirees identifiable net assets. Acquisition
KNP atas aset neto yang teridentifikasi dari costs incurred are directly expensed and
entitas yang diakuisisi. Biaya-biaya akuisisi included in General and Administrative
yang timbul dibebankan langsung dan Expenses.
disertakan dalam Beban Umum dan
Administrasi.
20
272 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Ketika melakukan akuisisi atas sebuah bisnis, When the Group acquires a business, it
Kelompok Usaha mengklasifikasikan dan assesses the financial assets acquired and
menentukan aset keuangan yang diperoleh liabilities assumed for appropriate classification
dan liabilitas keuangan yang diambil alih and designation in accordance with the
berdasarkan pada persyaratan kontraktual, contractual terms, economic circumstances and
kondisi ekonomi dan kondisi terkait lain yang pertinent conditions as at the acquisition date.
ada pada tanggal akuisisi.
Dalam suatu kombinasi bisnis yang dilakukan If the business combination is achieved in
secara bertahap, Kelompok Usaha mengukur stages, the acquisition date fair value of the
kembali kepentingan ekuitas yang dimiliki Groups previously held equity interest in the
sebelumnya pada pihak yang diakuisisi pada acquiree is remeasured to fair value at the
nilai wajar tanggal akuisisi dan mengakui acquisition date through profit or loss.
keuntungan atau kerugian dalam laba rugi.
Pada tanggal akuisisi, goodwill awalnya At acquisition date, goodwill is initially measured
diukur pada harga perolehan yang at cost being the excess of the aggregate of the
merupakan selisih lebih nilai agregat dari consideration transferred and the amount
imbalan yang dialihkan dan jumlah setiap recognized for NCI over the net identifiable
KNP atas selisih jumlah dari aset assets acquired and liabilities assumed.
teridentifikasi yang diperoleh dan liabilitas
yang diambil alih.
Jika imbalan tersebut kurang dari nilai wajar If such consideration is lower than the fair value
aset neto entitas anak yang diakuisisi, selisih of the net assets of the subsidiary acquired, the
tersebut diakui sebagai laba atau rugi sebagai difference is recognized in profit or loss as gain
keuntungan dari pembelian dengan diskon on bargain purchase after previously assessing
setelah sebelumnya manajemen melakukan the identification and fair value measurement of
penilaian atas identifikasi dan nilai wajar dari the acquired assets and the assumed liabilities
aset yang diperoleh dan liabilitas yang diambil and recorded in the consolidated statements of
alih dan dicatat dalam laporan laba rugi comprehensive income.
komprehensif konsolidasian.
21
273 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Setelah pengakuan awal, goodwill diukur After initial recognition, goodwill is measured at
pada jumlah tercatat dikurangi akumulasi cost less any accumulated impairment losses.
kerugian penurunan nilai. Untuk tujuan For the purpose of impairment testing, goodwill
pengujian penurunan nilai, goodwill yang acquired in a business combination is, from the
diperoleh dari suatu kombinasi bisnis, sejak acquisition date, allocated to each of the
tanggal akuisisi dialokasikan kepada setiap Groups Cash-generating Units (CGU) that are
Unit Penghasil Kas (UPK) dari Kelompok expected to benefit from the combination,
Usaha yang diharapkan akan bermanfaat dari irrespective of whether other assets or liabilities
sinergi kombinasi tersebut, terlepas dari of the acquiree are assigned to those CGUs.
apakah aset atau liabilitas lain dari pihak yang
diakuisisi ditetapkan atas UPK tersebut.
Jika goodwill telah dialokasikan pada suatu Where goodwill forms part of a CGU and part of
UPK, dan operasi tertentu atas UPK tersebut the operations within that CGU is disposed of,
dihentikan, maka goodwill yang diasosiasikan the goodwill associated with the operation
dengan operasi yang dihentikan tersebut disposed of is included in the carrying amount of
termasuk dalam jumlah tercatat operasi the operation when determining the gain or loss
tersebut ketika menentukan keuntungan atau on disposal of the operation. Goodwill disposed
kerugian dari pelepasan. Goodwill yang of in this circumstance is measured based on
dilepaskan tersebut diukur berdasarkan nilai the relative values of the operation disposed of
relatif operasi yang dihentikan dan porsi UPK and the portion of the CGU retained.
yang ditahan.
Sesuai dengan ketentuan dalam PSAK In accordance with the provision of PSAK
No. 22 (Revisi 2010), apabila proses No. 22 (Revised 2010), if the initial accounting
akuntansi awal untuk kombinasi bisnis belum for a business combination is incomplete by the
selesai pada akhir periode pelaporan pada end of the reporting period in which the
saat kombinasi terjadi, Kelompok Usaha combination occurs, the Group shall report in its
melaporkan jumlah sementara untuk pos-pos consolidated financial statements provisional
yang proses akuntansinya belum selesai amounts for the items for which the accounting
dalam laporan keuangan konsolidasian. is incomplete. During the measurement period,
Selama periode pengukuran, Kelompok the Group shall retrospectively adjust the
Usaha menyesuaikan secara retrospektif provisional amounts recognized at the
jumlah sementara yang diakui pada tanggal acquisition date to reflect new information
akuisisi untuk mencerminkan informasi baru obtained about facts and circumstances that
yang diperoleh tentang fakta dan keadaan existed as of the acquisition date and, if known,
yang ada pada tanggal akuisisi dan, jika would have affected the measurement of the
diketahui telah berdampak pada pengukuran amounts recognized as of that date.
jumlah yang diakui pada tanggal tersebut.
22
274 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Aset keuangan dalam ruang lingkup Financial assets within the scope of the
PSAK No. 55 (Revisi 2011) PSAK No. 55 (Revised 2011) are classified
diklasifikasikan sebagai aset keuangan as financial assets at fair value through
yang dinilai pada nilai wajar melalui laba profit or loss, loans and receivables, held-to-
rugi, pinjaman yang diberikan dan maturity investments and available-for-sale
piutang, investasi yang dimiliki hingga financial assets. Financial assets are
tanggal jatuh tempo dan aset keuangan recognized initially at fair value plus, in the
tersedia untuk dijual. Aset keuangan case of financial assets not at fair value
pada awalnya diukur pada nilai wajar, through profit or loss, directly attributable
dan dalam hal aset keuangan yang tidak transaction costs.
diukur pada nilai wajar melalui laporan
laba rugi, ditambah dengan biaya
transaksi yang dapat diatribusikan secara
langsung.
Pinjaman yang diberikan dan piutang Loans and receivables are non-
adalah aset keuangan non derivatif derivative financial assets with fixed or
dengan pembayaran tetap atau telah determinable payments that are not
ditentukan dan tidak mempunyai quoted in an active market.
kuotasi di pasar aktif.
23
275 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
d. Aset dan Liabilitas Keuangan (lanjutan) d. Financial Assets and Liabilities (continued)
Pada saat pengakuan awal, aset These financial assets are initially
keuangan ini diakui pada nilai recognized at fair value plus
wajarnya ditambah biaya transaksi transaction costs and subsequently
dan selanjutnya dinyatakan sebesar carried at amortized cost using the
biaya perolehan yang diamortisasi effective interest rate method and
dengan menggunakan metode suku gains and losses are recognized in
bunga efektif, dan keuntungan dan profit or loss when the loans and
kerugian terkait diakui dalam laba receivables are derecognized or
rugi pada saat pinjaman yang impaired, as well as through the
diberikan dan piutang dihentikan amortization process.
pengakuannya atau mengalami
penurunan nilai, demikian juga
melalui proses amortisasi.
Aset keuangan tersedia untuk dijual AFS financial assets are non-
adalah aset keuangan non derivatif derivative financial assets that are
yang ditetapkan sebagai tersedia designated as available-for-sale or are
untuk dijual atau yang tidak not classified in any of three preceding
diklasifikasikan ke dalam tiga kategori categories. After initial measurement,
sebelumnya. Setelah pengukuran AFS financial assets are measured at
awal, aset keuangan tersedia untuk fair value with unrealized gains or
dijual diukur pada nilai wajar dengan losses recognized in the equity until
laba atau rugi yang belum direalisasi the investment is derecognized. At
diakui dalam ekuitas sampai investasi that time, the cumulative gain or loss
tersebut dihentikan pengakuannya. previously recognized in the equity
Pada saat itu, laba atau rugi kumulatif shall be reclassified to profit or loss as
yang sebelumnya diakui dalam a reclassification adjustment.
ekuitas harus direklasifikasi ke dalam
laba rugi sebagai penyesuaian
reklasifikasi.
24
276 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
d. Aset dan Liabilitas Keuangan (lanjutan) d. Financial Assets and Liabilities (continued)
(ii) Penurunan Nilai dari Aset Keuangan (ii) Impairment of Financial Assets
(continued) (continued)
25
277 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
d. Aset dan Liabilitas Keuangan (lanjutan) d. Financial Assets and Liabilities (continued)
(ii) Penurunan Nilai dari Aset Keuangan (ii) Impairment of Financial Assets
(lanjutan) (continued)
Nilai tercatat aset tersebut dikurangi The carrying amount of the asset is
melalui akun cadangan penurunan reduced through the use of an
nilai dan jumlah kerugian diakui pada allowance for impairment and the
laporan laba rugi komprehensif amount of the loss is recognized in
konsolidasian. Jika pinjaman yang the consolidated statements of
diberikan memiliki suku bunga comprehensive income. If a
variabel, maka tingkat diskonto yang receivable has a variable interest rate,
digunakan adalah suku bunga efektif the discount rate used is the current
yang berlaku yang ditetapkan dalam effective interest rate determined
kontrak. under the contract.
Perhitungan nilai kini dari estimasi The calculation of the present value of
arus kas masa datang atas aset the estimated future cash flows of a
keuangan dengan agunan collateralized financial asset reflects
(collateralized financial asset) the cash flows that may result from
mencerminkan arus kas yang dapat the utilization of deposit placed by
dihasilkan dari utilisasi dari jaminan customer to the Group.
deposit yang diberikan oleh
pelanggan kepada Kelompok Usaha.
26
278 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
d. Aset dan Liabilitas Keuangan (lanjutan) d. Financial Assets and Liabilities (continued)
(ii) Penurunan Nilai dari Aset Keuangan (ii) Impairment of Financial Assets
(lanjutan) (continued)
Arus kas masa datang dari aset Future cash flows of the Groups
keuangan Kelompok Usaha yang financial assets that are collectively
penurunan nilainya dievaluasi secara evaluated for impairment, are
kolektif, diestimasi berdasarkan arus estimated on the basis of the
kas kontraktual atas aset-aset di contractual cash flows of the assets in
dalam kelompok tersebut dan the group and historical loss
kerugian historis yang pernah dialami experience for assets with credit risk
atas aset-aset yang memiliki characteristics similar to those in the
karakteristik risiko kredit yang serupa group. Historical loss experience is
dengan karakteristik risiko kredit adjusted on the basis of current
kelompok tersebut. Kerugian historis observable data to reflect the current
yang pernah dialami kemudian conditions which did not affect the
disesuaikan berdasarkan data terkini year on which the historical loss
yang dapat diobservasi untuk experience is based and to remove
mencerminkan kondisi saat ini yang the effects of conditions in the
tidak berpengaruh pada tahun historical year that do not currently
terjadinya kerugian historis tersebut, exist.
dan untuk menghilangkan pengaruh
kondisi yang ada pada tahun historis
namun sudah tidak ada lagi saat ini.
Jika, pada tahun berikutnya, jumlah If, in a subsequent year, the amount
kerugian penurunan nilai berkurang of the impairment loss decreases and
dan pengurangan tersebut dapat the decrease can be related
dikaitkan secara obyektif pada objectively to an event occurring after
peristiwa yang terjadi setelah the impairment was recognized the
penurunan nilai diakui maka kerugian previously recognized impairment
penurunan nilai yang sebelumnya loss is reversed by adjusting the
diakui dipulihkan, dengan allowance for impairment losses. The
menyesuaikan cadangan kerugian amount of the reversal is recognized
penurunan nilai. Jumlah pemulihan in the consolidated statements of
aset keuangan diakui pada laporan comprehensive income.
laba rugi komprehensif konsolidasian.
27
279 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
d. Aset dan Liabilitas Keuangan (lanjutan) d. Financial Assets and Liabilities (continued)
(ii) Penurunan Nilai dari Aset Keuangan (ii) Impairment of Financial Assets
(lanjutan) (continued)
28
280 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Liabilitas keuangan pada awalnya diukur Financial liabilities are recognized initially
pada nilai wajar dan, dalam hal pinjaman at fair value and, in the case of loans and
dan utang, ditambah biaya transaksi borrowings, inclusive of directly
yang dapat diatribusikan secara attributable transaction costs.
langsung.
Kelompok Usaha mengklasifikasikan The Group classifies its financial liabilities
liabilitas keuangan dalam kategori (a) in the category of (a) financial liabilities at
liabilitas keuangan yang diukur pada nilai fair value through profit or loss and (b)
wajar melalui laba rugi dan (b) liabilitas financial liabilities measured at amortized
keuangan yang diukur dengan biaya cost. Financial liabilities are derecognized
perolehan diamortisasi. Liabilitas when the obligations under the contract is
keuangan dihentikan pengakuannya discharged or cancelled or expired.
ketika kewajiban yang telah ditetapkan
dalam kontrak dihentikan atau dibatalkan
atau kadaluwarsa.
a. Liabilitas keuangan yang diukur pada a. Financial liabilities at fair value
nilai wajar melalui laba rugi through profit or loss
Kategori ini terdiri dari liabilitas This category comprises of financial
keuangan diklasifikasikan sebagai liabilities classified as held for trading.
diperdagangkan.
Liabilitas keuangan diklasifikasikan A financial liability is classified as held
sebagai diperdagangkan jika for trading if it is acquired or incurred
diperoleh terutama untuk tujuan dijual principally for the purpose of selling or
atau dibeli kembali dalam waktu repurchasing it in the near term.
dekat. Derivatif diklasifikasikan Derivatives are also categorized as
sebagai kewajiban diperdagangkan held for trading unless they are
kecuali ditetapkan dan efektif sebagai designated and effective as hedging
instrumen lindung nilai. instruments.
Keuntungan dan kerugian yang timbul Gains and losses arising from
dari perubahan nilai wajar liabilitas changes in fair value of financial
keuangan yang diklasifikasikan liabilities classified held for trading are
sebagai diperdagangkan disajikan included in the consolidated
dalam laporan laba rugi komprehensif statements of comprehensive income
konsolidasian sebagai akun Laba and are presented as Gain (Loss) on
(Rugi) Perubahan Nilai Wajar Change in Fair Value of Derivative -
Derivatif - Neto. Net account.
29
281 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
d. Aset dan Liabilitas Keuangan (lanjutan) d. Financial Assets and Liabilities (continued)
(iii) Liabilitas Keuangan (lanjutan) (iii) Financial Liabilities (continued)
Pengakuan awal (lanjutan) Initial recognition (continued)
b. Liabilitas keuangan yang diukur b. Financial liabilities at amortized cost
dengan biaya perolehan diamortisasi
Liabilitas keuangan yang tidak Financial liabilities that are not
diklasifikasikan sebagai liabilitas classified at fair value through profit
keuangan yang diukur pada nilai and loss fall into this category and
wajar melalui laba rugi dikategorikan are measured at amortized cost.
dan diukur dengan biaya perolehan
diamortisasi.
Setelah pengakuan awal, Kelompok After initial recognition, the Group
Usaha mengukur seluruh liabilitas measures all financial liabilities at
keuangan yang diukur dengan biaya amortized cost using effective
perolehan diamortisasi dengan interest rate method.
menggunakan metode suku bunga
efektif.
(iv) Penentuan Nilai Wajar (iv) Determination of Fair Value
Nilai wajar untuk instrumen keuangan The fair value of financial instruments
yang diperdagangkan di pasar aktif traded in active markets is determined
ditentukan berdasarkan nilai pasar yang based on quoted market prices at the
berlaku pada tanggal laporan posisi statement of financial position date. The
keuangan. Termasuk di dalamnya adalah fair value includes IDMAs (Interdealer
nilai pasar dari IDMA (Interdealer Market Market Association) quoted market prices
Association) atau harga yang diberikan or brokers quoted price from Bloomberg
oleh broker (quoted price) dari Bloomberg and Reuters at statement of financial
dan Reuters pada tanggal laporan posisi position date.
keuangan.
Instrumen keuangan dianggap memiliki A financial instrument is regarded as
kuotasi di pasar aktif, jika harga kuotasi quoted in an active market if quoted
tersedia sewaktu-waktu dan dapat prices are readily and regularly available
diperoleh secara rutin dari bursa, from an exchange, dealer, broker,
pedagang efek (dealer), perantara efek industry group, pricing service or
(broker), kelompok industri, badan regulatory agency and those prices
pengawas (pricing service or regulatory represent actual and regularly occurring
agency) dan harga tersebut market transactions on an arms length
mencerminkan transaksi pasar yang basis. If the above criteria are not met, the
aktual dan rutin dalam suatu transaksi market is regarded as being inactive.
yang wajar. Jika kriteria di atas tidak Indications that a market is inactive are
terpenuhi, maka pasar aktif dinyatakan when there is a wide bid-offer spread or
tidak tersedia. Indikasi-indikasi dari pasar significant increase in the bid-offer spread
tidak aktif adalah terdapat selisih yang or there are few recent transactions.
besar antara harga penawaran dan
permintaan atau kenaikan signifikan
dalam selisih harga penawaran dan
permintaan dan hanya terdapat beberapa
transaksi terkini.
30
282 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Nilai wajar untuk semua instrumen For all other financial instruments which
keuangan lainnya yang tidak memiliki not provided quoted in an active market,
kuotasi di pasar aktif ditentukan dengan fair value is determined using valuation
menggunakan teknik penilaian. Dengan techniques. In these techniques, fair
teknik ini, nilai wajar merupakan suatu values are estimated from observable
estimasi yang dihasilkan dari data yang data in respect of similar financial
dapat diobservasi dari instrumen instruments, using models to estimate the
keuangan yang sejenis, menggunakan present value of expected future cash
model-model untuk mendapatkan flows or other valuation techniques, using
estimasi nilai kini dari arus kas masa inputs (for example, LIBOR yield curve,
depan yang diharapkan atau teknik foreign currency rates, volatilities and
penilaian lainnya, menggunakan input counterparty spreads) existing at the
(sebagai contoh LIBOR yield curve, nilai dates of the consolidated statements of
tukar mata uang asing, volatilitas dan financial position.
counterparty spreads) yang tersedia pada
tanggal laporan posisi keuangan
konsolidasian.
Untuk instrumen yang lebih kompleks, For more complex instruments, the Group
Kelompok Usaha menggunakan model uses internally developed models, which
penilaian internal, yang pada umumnya are usually based on valuation methods
berdasarkan teknik dan metode penilaian and techniques generally recognized as
yang umumnya diakui sebagai standar standard within the industry.
industri.
Beberapa input dari model ini tidak Some of the inputs to these models may
berasal dari data yang dapat diobservasi not be market observable and are
di pasar dan demikian merupakan hasil therefore estimated based on
estimasi berdasarkan asumsi tertentu. assumptions.
31
283 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
d. Aset dan Liabilitas Keuangan (lanjutan) d. Financial Assets and Liabilities (continued)
Kelompok Usaha menyesuaikan harga di The Group adjusts the price in the more
pasar yang lebih menguntungkan untuk advantageous market to reflect any
mencerminkan adanya perbedaan risiko differences in counterparty credit risk
kredit pihak lawan antara instrumen yang between instruments traded in that market
diperdagangkan di pasar tersebut dengan and the ones being valued for financial
instrumen yang dinilai untuk posisi aset asset positions. In determining the fair
keuangan. Dalam menentukan nilai wajar value of financial liability positions, the
posisi liabilitas keuangan, risiko kredit Group's own credit risk associated with
Kelompok Usaha terkait dengan the instrument is taken into account.
instrumen harus diperhitungkan.
Kelompok Usaha tidak mereklasifikasi The Group does not reclassify any
instrumen keuangan dari atau ke kategori financial instruments out of or into the fair
instrumen keuangan yang diukur pada value through profit or loss category while
nilai wajar melalui laba rugi selama it is held or issued.
instrumen keuangan tersebut dimiliki atau
diterbitkan.
32
284 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
d. Aset dan Liabilitas Keuangan (lanjutan) d. Financial Assets and Liabilities (continued)
Kelompok Usaha tidak The Group does not classify any financial
mengklasifikasikan aset keuangan assets as held-to-maturity if the entity has,
sebagai investasi dimiliki hingga jatuh during the current financial year or during
tempo, jika dalam tahun berjalan atau the two preceding financial years, sold or
dalam kurun waktu dua tahun reclassified more than an insignificant
sebelumnya, telah menjual atau amount of held-to-maturity investments
mereklasifikasi investasi dimiliki hingga before maturity (more than insignificant in
jatuh tempo melebihi jumlah yang tidak relation to the total amount of held-to-
signifikan sebelum jatuh tempo (lebih dari maturity investments) other than sales or
jumlah yang tidak signifikan dibandingkan reclassifications that:
dengan jumlah nilai investasi dimiliki
hingga jatuh tempo), kecuali penjualan
atau reklasifikasi tersebut:
- dilakukan ketika aset keuangan sudah - are so close to maturity or the financial
mendekati jatuh tempo atau tanggal asset's call date that changes in the
pembelian kembali di mana market rate of interest would not have
perubahan suku bunga pasar tidak a significant effect on the financial
akan berpengaruh secara signifikan asset's fair value;
terhadap nilai wajar aset keuangan
tersebut;
- terjadi setelah Kelompok Usaha telah - occur after the Group has collected
memperoleh secara substansial substantially all of the financial asset's
seluruh jumlah pokok awal aset original principal through scheduled
keuangan tersebut sesuai jadwal payments or prepayments; or
pembayaran atau pelunasan
dipercepat; atau
33
285 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
d. Aset dan Liabilitas Keuangan (lanjutan) d. Financial Assets and Liabilities (continued)
Kategori yang
Instrumen Keuangan/ didefinisikan oleh
Golongan/ Subgolongan/
Financial PSAK No. 55 (Revisi 2011)/
Class Subclass
Instruments Category as defined by
PSAK No. 55 (Revised 2011)
Kas dan setara kas/Cash and cash equivalents
Kas yang dibatasi penggunaannya/Restricted cash
Piutang usaha/Trade receivables
Piutang dari aktivitas minyak dan gas/
Receivables from oil and gas activities
Piutang denda/Penalty receivable
Piuang dari/Receivable from PT Hoegh LNG Lampung
Piutang dari Kuwait Foreign Petroleum Exploration
Company K.S.C. (Closed) (KUFPEC)/Receivables from
Pinjaman yang diberikan dan piutang/
Aset keuangan/ Kuwait Foreign Petroleum Exploration Company K.S.C.
Loans and receivables Piutang lain-lain/
Financial assets (Closed) (KUFPEC)
Other receivables
Piutang underlifting/Underlifting receivable
Piutang bunga/Interest receivables
Piutang dari Pemerintah Republik Indonesia/
Receivables from the Government of the Republic of
Indonesia
Piutang lain-lain - lainnya/Other receivables - others
Piutang lain-lain jangka panjang/Other long-term receivables
Aset keuangan tersedia dijual/
Investasi jangka pendek/Short-term investments
Available-for-sale financial assets
Utang usaha/Trade payables
Pinjaman bank jangka pendek/Short-term bank loans
Liabilitas kepada kontraktor dan pemasok/Liabilities to
contractors and suppliers.
Cash Call
Jaminan gas/Gas guarantee deposits
Liabilitas atas aktivitas minyak dan gas/Liabilities for gas and
oil activities
Utang kepada PT Riau Andalan Pulp and Paper/
Utang lain-lain/
Payable to PT Riau Andalan Pulp and Paper
Other payables
Pembelian barang dan jasa/Purchase of goods and services
Jaminan masa konstruksi proyek/Project performance bonds
Utang kepada ConocoPhillips (Grissik) Ltd./
Payables to ConocoPhillips (Grissik) Ltd.
Liabilitas keuangan yang diukur
Utang lain-lain - lainnya/Other payables - others
dengan biaya perolehan diamortisasi/
Liabilitas kepada kontraktor dan pemasok/
Financial liabilities at amortized cost
zLiabilitas keuangan/ Liabilities to contractors and suppliers
Financial liabilities Pembelian aset tetap/Purchase of fixed assets
Bunga yang masih harus dibayar/Accrued interest
Liabilitas yang
Jasa konsultan/Consultant fees
masih harus
Beban pemeliharaan/Maintenance expenses
dibayar/
Accrued liabilities Iuran ke BPH Migas/BPH Migas levy
Liabilitas yang masih harus dibayar lainnya/
Other accrued liabilities
Pinjaman jangka panjang jatuh tempo dalam waktu satu tahun/
Current maturities of long-term loans
Pinjaman jangka panjang - setelah dikurangi bagian jatuh tempo dalam waktu satu
tahun/
Long-term loans - net of current maturities
Utang Obligasi/ Bonds Payable
Liabilitas keuangan yang diukur pada
nilai wajar melalui laba rugi/
Utang derivatif/Derivative payable
Financial liabilities at fair value
through profit or loss
34
286 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
d. Aset dan Liabilitas Keuangan (lanjutan) d. Financial Assets and Liabilities (continued)
Aset keuangan dan liabilitas keuangan Financial assets and liabilities are offset
saling hapus buku dan nilai netonya and the net amount presented in the
disajikan dalam laporan posisi keuangan consolidated statements of financial
konsolidasian jika memiliki hak yang position when there is a legally
berkekuatan hukum untuk melakukan enforceable right to offset the recognized
saling hapus buku atas jumlah yang telah amounts and there is an intention to settle
diakui tersebut dan berniat untuk on a net basis or realize the asset and
menyelesaikan secara neto atau untuk settle the liability simultaneously.
merealisasikan aset dan menyelesaikan
liabilitasnya secara simultan.
e. Setara Kas dan Kas yang Dibatasi e. Cash Equivalents and Restricted Cash
Penggunaannya
Deposito berjangka dengan jangka waktu tiga Time deposits with maturity periods of three
bulan atau kurang sejak tanggal penempatan months or less from the date of placement, not
yang tidak dibatasi penggunaannya dan tidak restricted for use and not used as collateral are
dijadikan jaminan diklasifikasikan sebagai considered as Cash Equivalents.
Setara Kas.
Rekening bank yang dibatasi penggunaannya Cash in banks which are restricted for use as
sehubungan dengan persyaratan perjanjian stipulated under the terms of the loan
pinjaman disajikan sebagai Kas yang Dibatasi agreement is presented as Restricted Cash
Penggunaannya (Catatan 6). (Note 6).
Kelompok Usaha mempunyai transaksi The Group has transactions with related parties
dengan pihak berelasi sebagaimana as defined in PSAK No. 7 (Revised 2010).
didefinisikan pada PSAK No. 7 (Revisi 2010).
Saldo dan transaksi yang material antara Significant transactions and balances of the
Kelompok Usaha dengan Pemerintah Negara Group with the Government of the Republic of
Republik Indonesia dan entitas berelasi Indonesia and Government-related entities are
dengan Pemerintah diungkapkan dalam disclosed in the relevant notes to the
catatan atas laporan keuangan konsolidasian consolidated financial statements. The Group
yang relevan. Kelompok Usaha memilih untuk elected to disclose the transactions with
mengungkapkan transaksi dengan entitas Government-related entities, using the
berelasi dengan Pemerintah dengan exemption from general related party disclosure
menggunakan pengecualian dari persyaratan requirements.
pengungkapan pihak berelasi.
Transaksi dengan pihak berelasi dilakukan Transactions with related parties are made
berdasarkan persyaratan yang disetujui oleh based on terms agreed by the parties, which
kedua belah pihak, yang mungkin tidak sama may not be the same as those of the
dengan transaksi lain yang dilakukan dengan transaction between unrelated parties.
pihak-pihak yang tidak berelasi.
35
287 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
36
288 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Laporan keuangan entitas asosiasi disusun The financial statements of the associate are
untuk tahun pelaporan yang sama dengan prepared for the same reporting year of the
Kelompok Usaha. Group.
Setelah penerapan metode ekuitas, Kelompok After application of the equity method, the
Usaha menentukan apakah diperlukan untuk Group determines whether it is necessary to
mengakui tambahan rugi penurunan nilai atas recognize an additional impairment loss on the
investasi Kelompok Usaha dalam entitas Groups investment in its associate. The Group
asosiasi. Kelompok Usaha menentukan pada determines at each reporting date whether
setiap tanggal pelaporan apakah terdapat bukti there is any objective evidence that the
yang obyektif yang mengindikasikan bahwa investment in the associate is impaired. If this
investasi dalam entitas asosiasi mengalami is the case, the Group calculates the amount of
penurunan nilai. Dalam hal ini, Kelompok impairment as the difference between the
Usaha menghitung jumlah penurunan nilai recoverable amount of the investment in
berdasarkan selisih antara jumlah terpulihkan associate and its carrying value, and
atas investasi dalam entitas asosiasi dan nilai recognizes the amount in the consolidated
tercatatnya dan mengakuinya dalam laporan statements of comprehensive income.
laba rugi komprehensif konsolidasian.
Aset tetap, kecuali tanah, dinyatakan sebesar Fixed assets, except land, are stated at cost
biaya perolehan dikurangi akumulasi less accumulated depreciation and impairment
penyusutan dan rugi penurunan nilai. Biaya losses. If the recognition criteria are met, the
perolehan termasuk biaya penggantian bagian acquisition cost will include the cost of
aset tetap saat biaya tersebut terjadi, jika replacing part of the fixed assets when that
memenuhi kriteria pengakuan. Selanjutnya, cost is incurred. Likewise, when a major
pada saat inspeksi yang signifikan dilakukan, inspection is performed, its cost is recognized
biaya inspeksi itu diakui ke dalam jumlah nilai in the carrying amount of the fixed assets as a
tercatat (carrying amount) aset tetap sebagai replacement if the recognition criteria are
suatu penggantian jika memenuhi kriteria satisfied. All other repairs and maintenance
pengakuan. Semua biaya pemeliharaan dan costs that do not meet the recognition criteria
perbaikan yang tidak memenuhi kriteria are recognized in the consolidated statements
pengakuan diakui dalam laporan laba rugi of comprehensive income as incurred.
komprehensif konsolidasian pada saat
terjadinya.
Aset tetap, kecuali tanah, disusutkan dengan Depreciation of fixed assets, except for land, is
menggunakan metode garis lurus untuk computed using the straight-line method for
bangunan dan prasarana dan metode saldo buildings and improvements, and the double-
menurun ganda untuk seluruh aset tetap declining balance method for other fixed assets
lainnya selama umur manfaat aset tetap yang over the estimated useful lives of the assets, as
diestimasi sebagai berikut: follows:
Tahun/Years Tarif/Rates
37
289 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
38
290 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
39
291 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
40
292 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
41
293 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Goodwill diuji untuk penurunan nilai setiap Goodwill is tested for impairment annually and
tahun dan ketika terdapat indikasi bahwa nilai when circumstances indicate that the carrying
tercatatnya mungkin mengalami penurunan value may be impaired. Impairment is
nilai. Penurunan nilai bagi goodwill ditetapkan determined for goodwill by assessing the
dengan menentukan jumlah tercatat tiap UPK recoverable amount of each CGU (or group of
(atau kelompok UPK) terkait dari goodwill CGUs) to which the goodwill relates. Where the
tersebut. Jika jumlah terpulihkan UPK kurang recoverable amount of the CGU is less than
dari jumlah tercatatnya, rugi penurunan nilai their carrying amount, an impairment loss is
diakui. Rugi penurunan nilai terkait goodwill recognized. Impairment losses relating to
tidak dapat dibalik pada tahun berikutnya. goodwill cannot be reversed in future years.
m. Sewa m. Leases
Kelompok Usaha menerapkan PSAK No. 30 The Group adopted PSAK No. 30 (Revised
(Revisi 2011), Sewa. 2011), Leases.
Sewa pembiayaan yang mengalihkan kepada A finance lease that transfers to the Group
Kelompok Usaha secara substansial seluruh substantially all the risks and benefits incidental
risiko dan manfaat yang terkait dengan to ownership of the leased item, is capitalized at
kepemilikan aset, dikapitalisasi pada awal the commencement of the lease at the fair
masa sewa sebesar nilai wajar dari aset sewa value of the finance lease or, if lower, at the
pembiayaan atau, jika lebih rendah, sebesar present value of the minimum lease payments.
nilai kini dari pembayaran sewa minimum. Lease payments are apportioned between
Pembayaran sewa dipisahkan antara beban finance charges and reduction of the lease
keuangan dan pengurangan liabilitas sewa, liability so as to achieve a constant rate of
sedemikian rupa sehingga menghasilkan suatu interest on the remaining balance of the liability.
suku bunga periodik yang konstan atas saldo Finance charges are charged directly to profit or
liabilitas yang tersisa. Beban keuangan loss.
dibebankan langsung pada laba rugi.
42
294 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Suatu aset sewa pembiayaan disusutkan An finance lease asset is depreciated over the
selama masa manfaat dari aset tersebut. useful life of the asset. However, if there is no
Tetapi, jika tidak terdapat kepastian memadai reasonable certainty that the Group will obtain
bahwa Kelompok Usaha akan memperoleh ownership by the end of the lease term, the
kepemilikan di akhir masa sewa, maka aset asset is depreciated over the shorter of the
disusutkan selama mana yang lebih pendek estimated useful life of the asset and the lease
antara taksiran masa manfaat aset dan masa term.
sewa.
Pembayaran sewa operasi diakui sebagai Operating lease payments are recognized as an
beban usaha dalam laba rugi secara garis operating expense in profit or loss on a straight-
lurus selama masa sewa. line basis over the lease term.
n. Pinjaman yang Diperoleh Pemerintah dari n. Loans Obtained by the Government from
Pemberi Pinjaman (Penerusan Pinjaman) Lenders (Two-step Loans)
Biaya pinjaman yang dapat diatribusikan Borrowing costs that are directly attributable to
langsung dengan perolehan, pembangunan the acquisition, construction and production of
atau pembuatan aset kualifikasian a qualifying asset are capitalized as part of the
dikapitalisasi sebagai bagian biaya perolehan cost of the related assets. Otherwise,
aset tersebut. Biaya pinjaman lainnya diakui borrowing costs are recognized as expenses
sebagai beban pada saat terjadi. Biaya when incurred. Borrowing costs consist of
pinjaman terdiri dari biaya bunga dan biaya interests and other financing charges that the
lain yang ditanggung oleh Kelompok Usaha Group incurs in connection with the borrowing
sehubungan dengan peminjaman dana. of funds.
Kapitalisasi biaya pinjaman dimulai pada saat Capitalization of borrowing costs commences
aktivitas yang diperlukan untuk when the activities to prepare the qualifying
mempersiapkan aset agar dapat digunakan asset for its intended use are in progress and
sesuai dengan maksudnya, dan pengeluaran the expenditures for the qualifying asset and
untuk aset kualifikasian dan biaya the borrowing costs have been incurred.
pinjamannya telah terjadi. Kapitalisasi biaya Capitalization of borrowing costs ceases when
pinjaman dihentikan pada saat selesainya substantially all the activities necessary to
secara substansi seluruh aktivitas yang prepare the qualifying assets are completed
diperlukan untuk mempersiapkan aset for their intended use (Note 2.i).
kualifikasian agar dapat digunakan sesuai
dengan maksudnya (Catatan 2.i).
p. Biaya Penerbitan Emisi Efek Ekuitas p. Stock Issuance Costs
Biaya emisi efek ekuitas disajikan sebagai Stock issuance costs are presented as
pengurang Modal Disetor Lainnya sebagai deduction from Other Paid-in Capital in the
bagian dari ekuitas pada laporan posisi equity section in the consolidated statements of
keuangan konsolidasian. financial position.
43
295 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Pendapatan dari distribusi gas bumi dan jasa Revenues from gas distribution and toll fees
transmisi gas bumi diakui pada saat gas telah from gas transmission are recognized when the
didistribusikan atau dikirim kepada pelanggan gas is distributed or transmitted to the
berdasarkan pencatatan pada alat meter gas. customers based on the gas meter readings.
Pendapatan jasa transmisi gas bumi diterima Toll fees from gas transmission received in
di muka disajikan sebagai bagian dari Utang advance are presented as part of Other
Lain-lain di dalam laporan posisi keuangan Payables in the consolidated statements of
konsolidasian dan diakui sebagai pendapatan financial position and recognized as revenue
pada saat gas telah dikirim kepada pelanggan. when the gas is transmitted to the customers.
Pendapatan penjualan minyak mentah dan Crude oil and natural gas sales revenue is
gas bumi diakui berdasarkan kepemilikan recognized on the basis of the consolidated
entitas secara konsolidasi pada lapangan entitys interest in a producing field
produksi (metode entitlement), ketika barang (entitlements method), when the physical
secara fisik dan risiko dan manfaat terkait telah product and associates risks and rewards of
berpindah kepada pembeli, yang secara umum ownership pass to the purchaser, which is
adalah pada saat barang memasuki saluran generally at the time on the product entering
pipa. the pipeline.
Pendapatan yang diperoleh dari Kontrak Bagi Revenue earned under a Production Sharing
Hasil (PSC) diakui atas dasar hak neto Contract (PSC) is recognized on a net of
sesuai dengan persyaratan PSC. Selisih entitlements basis according to the terms of the
antara lifting aktual minyak mentah dan gas (PSC). Differences between the Groups
bumi menimbulkan piutang jika hak Grup actual liftings of crude oil and gas result in a
melebihi lifting minyak mentah dan gas receivable when entitlements exceed lifting of
tersebut (posisi under lifting) dan menimbulkan crude oil and gas (under lifting position) and in
utang jika lifting minyak mentah dan gas bumi payable when lifting or crude oil and gas
melebihi hak Grup (posisi over lifting). Volume exceed entitlements (over lifting position).
under lifting dan over lifting dinilai berdasarkan Under lifting and over lifting volumes are valued
harga jual rata-rata setahun untuk minyak based on the annual weighted average sales
mentah (yaitu Indonesia Crude Price, ICP) price for crude oil (i.e Indonesian Crude Price,
dan gas (yaitu harga dalam kontrak). ICP) and gas (i.e. contract prices).
Pendapatan dari jasa lainnya diakui pada saat Revenues from other services are recognized
jasa diserahkan atau secara signifikan when the services are rendered or significantly
diberikan dan manfaat jasa tersebut telah provided and the benefits have been received
dinikmati oleh pelanggan. by the customers.
Untuk semua instrumen keuangan yang diukur For all financial instruments measured at
pada biaya perolehan diamortisasi dan aset amortized cost and interest bearing financial
keuangan kategori tersedia dijual yang assets classified as available-for-sale, interest
memperoleh bunga, pendapatan atau biaya income or expense is recorded using the
bunga dicatat dengan menggunakan metode Effective Interest Rate (EIR), which is the rate
Suku Bunga Efektif (SBE), yaitu suku bunga that exactly discounts the estimated future cash
yang secara tepat mendiskontokan estimasi payments or receipts over the expected life of
pembayaran atau penerimaan kas di masa the financial instrument or a shorter year,
yang akan datang selama perkiraan umur dari where appropriate, to the net carrying amount
instrumen keuangan, atau jika lebih tepat, of the financial asset or liability.
selama tahun yang lebih singkat, untuk nilai
tercatat neto dari aset keuangan atau liabilitas
keuangan.
44
296 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Beban diakui pada saat terjadinya dengan Expenses are recognized as incurred on an
menggunakan metode akrual. accrual basis.
r. Provisi r. Provisions
Provisi diakui jika Kelompok Usaha memiliki Provisions are recognized when the Group has
kewajiban kini (baik bersifat hukum maupun a present obligation (legal and constructive) as
bersifat konstruktif) yang akibat peristiwa masa a result of a past event, it is probable that an
lalu, besar kemungkinannya penyelesaian outflow of resources embodying economic
kewajiban tersebut mengakibatkan arus keluar benefits will be required to settle the obligation
sumber daya yang mengandung manfaat and a reliable estimate can be made of the
ekonomi dan estimasi yang andal mengenai amount of the obligation.
jumlah kewajiban tersebut dapat dibuat.
Provisi ditelaah pada setiap tanggal pelaporan Provisions are reviewed at each reporting date
dan disesuaikan untuk mencerminkan estimasi and adjusted to reflect the current best
terbaik yang paling kini. Jika arus keluar estimate. If it is no longer probable that an
sumber daya untuk menyelesaikan kewajiban outflow of resources embodying economic
kemungkinan besar tidak terjadi, maka provisi benefits will be required to settle the obligation,
dibatalkan. the provision is reversed.
Berdasarkan PSAK No. 24 (Revisi 2010), Under PSAK No. 24 (Revised 2010), the cost
beban imbalan kerja manfaat pasti ditentukan of providing defined employee benefits is
dengan metode penilaian aktuaris Projected determined using the Projected Unit Credit
Unit Credit dan keuntungan dan kerugian actuarial valuation method and the actuarial
aktuaria diakui pada tahun dimana keuntungan gains and losses is recognized in the year in
dan kerugian terjadi dalam pendapatan which they occur in other comprehensive
komprehensif lain. income.
Biaya jasa lalu atas pengenalan program Past service costs arising from the introduction
manfaat pasti atau perubahan utang imbalan of a defined benefit plan or changes in the
dari program yang ada diamortisasi sepanjang benefits payable of an existing plan are
tahun sampai imbalan tersebut menjadi hak required to be amortized over the year until the
atau vested. benefits concerned become rights or vested.
45
297 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Kurtailmen terjadi apabila salah satu dari A curtailment occurs when an entity either:
kondisi berikut terpenuhi:
ii. Mengubah ketentuan dalam program ii. Amends the terms of a defined benefit plan
imbalan pasti yang menyebabkan bagian so that a significant element of future
yang material dari jasa masa depan pekerja service by current employees will no longer
tidak lagi memberikan imbalan atau qualify for benefits, or will qualify only for
memberikan imbalan yang lebih rendah. reduced benefits.
Penyelesaian program terjadi ketika entitas A settlement occurs when an entity enters into a
melakukan transaksi yang menghapuskan transaction that eliminates all further legal or
semua kewajiban hukum atau konstruktif atas constructive obligation for part or all of the
sebagian atau seluruh imbalan dalam program benefits provided under a defined benefit plan.
imbalan pasti.
Beban imbalan jangka panjang lainnya The cost of providing other long-term employee
ditentukan dengan metode penilaian aktuaris benefits is determined using the Projected Unit
Projected Unit Credit di mana keuntungan dan Credit actuarial valuation method wherein
kerugian aktuaria dan biaya jasa lalu langsung actuarial gains and losses and past service
diakui dalam tahun berjalan. costs are recognized immediately in the current
year.
Untuk program iuran pasti, kontribusi yang For defined contribution pension plan,
terutang diakui sebagai beban pada tahun contribution payables are charged to current
berjalan. year operations.
Perusahaan mempunyai program asuransi The Company has a retirement insurance plan
pensiun untuk seluruh karyawan tetap yang covering all of its qualified permanent
memenuhi syarat, dengan PT Asuransi employees, with PT Asuransi Jiwasraya
Jiwasraya (Persero) (AJ). Pembayaran premi (Persero) (AJ). One-time initial retirement
awal sekaligus dan premi periodik ditentukan premium and periodic premium payments are
berdasarkan perhitungan secara periodik yang based on periodic calculations agreed between
disetujui oleh Perusahaan dan AJ. Iuran dari the Company and AJ. The employees
karyawan adalah sebesar 2% dari gaji contribute 2% of their basic salaries plus
pokoknya ditambah sejumlah tunjangan certain allowances. The remaining balance of
tertentu. Selisih antara premi pertanggungan the premium is borne by the Company.
dengan kontribusi karyawan ditanggung oleh
Perusahaan.
46
298 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Perusahaan juga menyelenggarakan program The Company also has a defined contribution
iuran pasti untuk semua karyawan tetap yang plan for all of its eligible permanent employees.
memenuhi syarat.
Transgasindo Transgasindo
Sumber dana program pensiun berasal dari This fund is contributed by both employees
kontribusi karyawan dan Transgasindo and Transgasindo with contribution of 2% and
masing-masing sebesar 2% dan 6% dari gaji 6% of the employees monthly salaries,
bulanan karyawan. respectively.
PGASKOM, PGASSOL, SEI, GEI DAN PLI PGASKOM, PGASSOL, SEI, GEI AND PLI
PGASKOM, PGASSOL, SEI, GEI dan PLI PGASKOM, PGASSOL, SEI, GEI and PLI
memberikan imbalan pasca kerja yang tidak provide an unfunded employee benefits to its
didanai kepada karyawannya sesuai dengan employees in accordance with Labor Law
Undang-undang Ketenagakerjaan No. 13 No. 13 Year 2003 dated March 25, 2003
Tahun 2003 tanggal 25 Maret 2003 (UU (LL No. 13/2003).
No. 13/2003).
PGASSOL, SEI, GEI, dan PLI juga PGASSOL, SEI, GEI and PLI also provides
memberikan imbalan jangka panjang lainnya. other long-term employees benefits.
47
299 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Kelompok Usaha mengakui liabilitas The Group recognizes its obligations for future
pembongkaran dan pemindahan aset dan dismantlement and transfer of assets and site
restorasi area atas fasilitas produksi minyak restoration of oil and gas production facilities,
dan gas bumi, sumur, pipa dan aset-aset yang wells, pipelines and related assets in
terkait sesuai dengan persyaratan dalam accordance with the provisions in the
kontrak bagi hasil atau sesuai dengan production sharing contracts or in line with
peraturan yang berlaku. applicable regulations.
Estimasi awal biaya pembongkaran dan The initial estimated costs for dismantlement
pemindahan aset minyak dan gas bumi dan and site restoration of oil and gas properties
restorasi area aset diakui sebagai komponen are recognized as part of the acquisition costs
biaya perolehan, yang disusutkan/dideplesikan of the assets and are subsequently
dengan menggunakan metode satuan unit depreciated/depleted using the unit-of-
produksi yang sejalan dengan tarif deplesi aset production method in line with the selected
yang dipilih. assets depletion rate.
Dalam banyak kasus, aktivitas pembongkaran In most instances, the dismantlement and
dan pemindahan aset dan restorasi area transfer of assets and site restoration activities
fasilitas produksi minyak dan gas, sumur, pipa of oil and gas production facilities, wells,
saluran dan aset terkait terjadi pada beberapa pipelines and related assets will occur many
tahun di masa yang akan datang. Provisi atas years in the future. The provision for future
liabilitas pembongkaran dan pemindahan aset, dismantlement and transfer of assets and aset
dan restorasi area di masa yang akan datang restoration obligation is the best estimate of the
adalah berupa estimasi terbaik pada tanggal present value of the future expenditures
pelaporan keuangan atas nilai kini dari required to undertake the dismantlement and
pengeluaran di masa yang akan datang untuk transfer of assets and site restoration obligation
melaksanakan liabilitas pembongkaran dan at the reporting date, based on current legal
pemindahan aset dan restorasi area tersebut, requirements.
sesuai dengan ketentuan hukum yang berlaku
pada tanggal pelaporan.
Perkiraan liabilitas pembongkaran dan The estimate future dismantlement and transfer
pemindahan aset dan restorasi area di masa of assets and site restoration obligation,
yang akan datang tersebut melibatkan therefore, requires management to make
estimasi manajemen mengenai saat aktivitas judgements regarding the timing of removal
tersebut akan dilakukan, sejauh mana aktivitas and transfer, the extent of restoration activities
tersebut harus dilakukan, dan juga teknologi required and future removal and restoration
yang akan digunakan di masa depan. technologies.
Estimasi tersebut direviu pada setiap akhir Such estimates are reviewed at the end of
tahun pelaporan dan disesuaikan bila reporting year and adjusted as required.
diperlukan. Penyesuaian dicerminkan dalam Adjustments are reflected in the present value
nilai kini atas provisi liabilitas pembongkaran of the dismantlement and transfer of assets
dan pemindahan aset dan restorasi area pada and site restoration obligation provision at the
tanggal laporan posisi keuangan consolidated statement of financial position
konsolidasian, dimana juga dilakukan date with a corresponding change in the book
penyesuaian dengan jumlah yang sama atas value of the associated asset.
nilai buku aset yang bersangkutan.
Pembalikan dari efek diskonto dalam The unwinding of the effect of discounting on
penghitungan provisi diakui sebagai beban the provision is recognized as a finance cost.
keuangan.
48
300 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
u. Transaksi dan Saldo dalam Mata Uang u. Foreign Currency Transactions and
Asing Balances
Masing-masing Entitas dalam Kelompok Each entity in the Group considers the primary
Usaha mempertimbangkan indikator utama indicators and other indicators in determining
dan indikator lainnya dalam menentukan mata its functional currency. The Company
uang fungsionalnya. Perusahaan menentukan determined that its functional currency is the
mata uang fungsionalnya adalah Dolar AS dan US Dollar and decided that the presentation
memutuskan mata uang penyajian laporan currency for the consolidated financial
keuangan konsolidasian menggunakan Dolar statements is the US Dollar.
AS.
Transaksi dalam mata uang asing dicatat Transactions involving foreign currencies are
dalam mata uang fungsional berdasarkan nilai recorded in the functional currency at the rates
tukar yang berlaku pada saat transaksi of exchange prevailing at the time the
dilakukan. Pada tanggal pelaporan aset dan transactions are made. At the reporting date,
liabilitas moneter dalam mata uang asing monetary assets and liabilities denominated in
dijabarkan sesuai dengan rata-rata kurs jual foreign currencies are adjusted to reflect the
dan beli yang diterbitkan oleh Bank Indonesia average of the selling and buying rates of
pada tanggal transaksi perbankan terakhir exchange prevailing of the last banking
untuk tahun yang bersangkutan dan laba atau transcation date of the year, as published by
rugi kurs yang timbul dikreditkan atau Bank Indonesia and any resulting gains or
dibebankan pada operasi tahun yang losses are credited or charged to current year
bersangkutan, kecuali untuk selisih kurs yang operations, except for foreign exchange
dapat diatribusikan ke aset tertentu differentials that can be attributed to qualifying
dikapitalisasi ke aset dalam pembangunan dan assets which are capitalized to properties
pemasangan. under construction and installation.
Nilai tukar yang digunakan adalah sebagai The rates of exchange used were as follows:
berikut:
Aset dan liabilitas pajak kini untuk tahun Current income tax assets and liabilities for the
berjalan dan lalu diukur sebesar jumlah yang current and prior year are measured at the
diharapkan dapat direstitusi dari atau amount expected to be recovered from or paid
dibayarkan kepada otoritas perpajakan. Tarif to the tax authority. The tax rates and tax laws
pajak dan peraturan pajak yang digunakan used to compute the amount are those that
untuk menghitung jumlah tersebut adalah have been enacted or substantively enacted as
yang telah berlaku atau secara substantif the reporting dates.
telah berlaku pada tanggal pelaporan.
49
301 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Penghasilan kena pajak berbeda dengan laba Taxable profit differs from profit as reported in
yang dilaporkan dalam laba rugi karena the profit or loss because it excludes items of
penghasilan kena pajak tidak termasuk bagian income or expense that are taxable or
dari pendapatan atau beban yang dikenakan deductible in other years and it further excludes
pajak atau dikurangkan di tahun-tahun yang items that are never taxable or deductible.
berbeda, dan juga tidak termasuk bagian-
bagian yang tidak dikenakan pajak atau tidak
dapat dikurangkan.
Entitas Anak yang terlibat dalam kegiatan The Subsidiary involved in oil and gas
eksplorasi dan produksi minyak dan gas bumi exploration and production in Indonesia and
di Indonesia dan di luar Indonesia dikenai tarif out side Indonesia are subject to income tax at
pajak penghasilan badan masing-masing rate of 44% and 28% to 35%, respectively.
sebesar 44% dan 28% sampai 35%.
Pajak tangguhan diakui dengan menggunakan Deferred tax is provided using the liability
metode liabilitas atas perbedaan temporer method on temporary differences at the
pada tanggal pelaporan antara dasar reporting date between the tax bases of assets
pengenaan pajak aset dan liabilitas dan and liabilities and their carrying amounts for
jumlah tercatatnya untuk tujuan pelaporan financial reporting purposes at the reporting
keuangan pada tanggal pelaporan. date.
Liabilitas pajak tangguhan diakui untuk semua Deferred tax liabilities are recognized for all
perbedaan temporer yang kena pajak dan taxable temporary differences and deferred tax
aset pajak tangguhan diakui untuk perbedaan assets are recognized for deductible temporary
temporer yang boleh dikurangkan dan rugi differences and unused tax losses to the extent
fiskal yang belum terpakai, sepanjang besar that it is probable that taxable income will be
kemungkinan besar laba kena pajak akan available in future years against which the
tersedia sehingga perbedaan temporer yang deductible temporary differences and unused
boleh dikurangkan dan rugi fiskal yang belum tax losses can be utilized.
terpakai tersebut dapat dimanfaatkan.
50
302 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Aset pajak tangguhan diakui untuk seluruh Deferred tax assets are recognized for all
perbedaan temporer yang boleh dikurangkan deductible temporary differences and carry
dan akumulasi rugi pajak yang belum forward of unused tax losses to the extent that
dikompensasikan, bila kemungkinan besar it is probable that taxable profits will be
laba kena pajak akan tersedia sehingga available against which the deductible
perbedaan temporer dapat dikurangkan temporary differences and carry forward of
tersebut dan rugi pajak belum unused tax losses can be utilized.
dikompensasikan tersebut dapat
dimanfaatkan.
Liabilitas pajak tangguhan dan aset pajak Deferred tax liabilities and assets (provided
tangguhan (jika memenuhi kriteria) diakui atas fulfilling recognition criteria) are recognized in
perbedaan temporer kena pajak terkait dengan respect of taxable temporary differences
investasi pada entitas anak dan asosiasi, associated with investments in subsidiaries and
kecuali yang waktu pembalikannya dapat associates, except where the timing of the
dikendalikan dan kemungkinan besar reversal of the temporary differences can be
perbedaan temporer tersebut tidak akan controlled and it is probable that the temporary
dibalik di masa depan yang dapat differences will not reverse in the foreseeable
diperkirakan. future.
Jumlah tercatat aset pajak tangguhan ditelaah The carrying amount of deferred tax assets is
pada setiap tanggal pelaporan dan nilai reviewed at each reporting date and reduced to
tercatat aset pajak tangguhan tersebut the extent that it is no longer probable that
diturunkan apabila laba kena pajak mungkin sufficient taxable income will be available to
tidak memadai untuk mengkompensasi allow all or part of the benefit of the deferred
sebagian atau semua manfaat aset pajak tax assets to be utilized. Unrecognized
tangguhan. Aset pajak tangguhan yang belum deferred tax assets are reassessed at each
diakui sebelumnya ditelaah pada setiap reporting date and are recognized to the extent
tanggal pelaporan dan diakui sepanjang laba that it has become probable that future taxable
kena pajak yang akan datang kemungkinan income will allow the deferred tax assets to be
besar akan tersedia untuk dipulihkan. recovered.
Aset dan liabilitas pajak tangguhan diukur Deferred tax assets and liabilities are
berdasarkan tarif pajak yang diharapkan akan measured at the tax rates that are expected to
dipakai pada tahun saat aset direalisasikan apply to the year when the asset is realized or
atau liabilitas diselesaikan berdasarkan tarif the liability is settled based on the tax rates and
pajak dan peraturan perpajakan yang berlaku tax laws that have been enacted or
atau yang telah secara substantif berlaku pada substantively enacted as at the reporting date.
tanggal pelaporan.
Perubahan nilai tercatat aset dan liabilitas Changes in the carrying amount of deferred tax
pajak tangguhan yang disebabkan perubahan assets and liabilities due to a change in tax
tarif pajak dibebankan pada tahun berjalan, rates are charged to current year operations,
kecuali untuk transaksi-transaksi yang except to the extent that they relate to items
sebelumnya telah langsung dibebankan atau previously charged or credited to equity.
dikreditkan ke ekuitas.
Pajak tangguhan sehubungan dengan bagian Deferred tax relating to items recognized
yang diakui di luar laba atau rugi diakui di luar outside of profit or loss is recognized outside
laba atau rugi. Pajak tangguhan tersebut profit or loss. Deferred tax items are
diakui berkaitan dengan transaksi baik yang recognized in correlation to the underlying
ada di pendapatan komprehensif lainnya atau transaction either in other comprehensive
langsung dibebankan ke ekuitas. income or directly in equity.
51
303 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Kelompok Usaha mengakui bagian The Group recognizes its interest in the joint
kepemilikan dalam ventura bersama venture using the proportionate consolidation
menggunakan metode konsolidasi method. The Group combines its proportionate
proporsional (proportionate consolidation). share of each the assets, liabilities, income and
Kelompok Usaha menggabungkan bagiannya expenses of the joint venture with similar items,
atas setiap aset, liabilitas, pendapatan dan line by line, in its consolidated financial
beban dari ventura bersama dengan unsur statements. The financial statements of the
yang sama, satu demi satu dalam laporan joint venture are prepared for the same
keuangan konsolidasiannya. Laporan reporting period as the Group. Adjustments are
keuangan ventura bersama disiapkan dalam made where necessary to bring the accounting
periode pelaporan yang sama dengan policies in line with those of the Group.
Kelompok Usaha. Penyesuaian dilakukan
ketika diperlukan untuk membuat kebijakan
akuntansi sejalan dengan kebijakan akuntansi
Kelompok Usaha.
Penyesuaian dilakukan dalam laporan Adjustments are made in the Groups
keuangan konsolidasian Kelompok Usaha consolidated financial statements to eliminate
untuk mengeliminasi bagian saldo transaksi the Groups share in intra group balances
antar Kelompok Usaha, transaksi dan transactions and unrealized gains and losses
keuntungan dan kerugian yang belum on such transactions between the Group and
direalisasi dari transaksi antar Kelompok its joint venture. Losses on transactions are
Usaha dan ventura bersama tersebut. recognized immediately if the loss provides
Kerugian dari transaksi akan segera dicatat evidence of a reduction in the net realizable
jika kerugian tersebut memberikan bukti value of current assets or an impairment loss.
pengurangan dari nilai realisasi neto dari aset The joint venture is proportionately
lancar atau kerugian penurunan nilai. Ventura consolidated until the date on which the Group
bersama dikonsolidasi proporsional sampai ceases to have joint control over the joint
tanggal dimana Kelompok Usaha berhenti venture.
memiliki pengendalian atas ventura bersama.
52
304 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Ketika Kelompok Usaha kehilangan Upon loss of joint control, the Group, measures
pengendalian bersama, Kelompok Usaha and recognizes its remaining investment at its
mengakui dan mencatat investasi yang tersisa fair value. Any difference between the carrying
pada nilai wajar. Perbedaan antara nilai amount of the former joint controlled entity
tercatat dari entitas pengendalian bersama upon loss of joint control and the fair value of
dahulu saat kehilangan pengendalian bersama the remaining investment and proceeds from
dan nilai wajar investasi yang tersisa dan disposal are recognized in profit or loss. When
pendapatan dari pelepasan dicatat dalam laba the remaining investment constitutes significant
atau rugi. Ketika investasi tersisa menunjukkan influence, it is accounted for as investment in
pengaruh yang signifikan, maka investasi akan associates.
dicatat sebagai investasi pada asosiasi.
Untuk tujuan manajemen, Kelompok Usaha For management purposes, the Group is
dibagi menjadi empat segmen operasi organized into four operating segments based
berdasarkan produk dan jasa yang dikelola on their products and services which are
secara independen oleh masing-masing independently managed by the respective
pengelola segmen yang bertanggung jawab segment managers responsible for the
atas kinerja dari masing-masing segmen. Para performance of the respective segments under
pengelola segmen melaporkan secara their charge. The segment managers report
langsung kepada manajemen yang secara directly to the management who regularly
teratur mengkaji hasil operasi sebagai dasar review the segment results in order to allocate
untuk mengalokasikan sumber daya ke resources to the segments and to assess the
masing-masing segmen dan untuk menilai segment performance. Additional disclosures
kinerja segmen. Pengungkapan tambahan on each of these segments are shown in
pada masing-masing segmen terdapat dalam Note 46, including the factors used to identify
Catatan 46, termasuk faktor yang digunakan the reportable segments and the measurement
untuk mengidentifikasi segmen yang basis of segment information.
dilaporkan dan dasar pengukuran informasi
segmen.
Laba per saham dasar dihitung dengan Basic earnings per share amounts are
membagi laba tahun berjalan yang dapat computed by dividing profit for the year
diatribusikan kepada pemilik entitas induk attributable to owners of the parent entity by
dengan jumlah rata-rata tertimbang saham the weighted average number of ordinary
biasa yang beredar pada tahun yang shares outstanding during the year.
bersangkutan.
Perusahaan melakukan transaksi derivatif The Company enters into and engages in
untuk tujuan mengelola risiko perubahan nilai derivative for the purpose of managing its
tukar mata uang asing yang berasal dari foreign exchange exposures emanating from
pinjaman jangka panjang Perusahaan dalam the Companys long-term loans in foreign
mata uang asing. currencies.
53
305 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Perusahaan menerapkan PSAK No. 55 (Revisi The Company applied PSAK No. 55 (Revised
2011), Instrumen Keuangan: Pengakuan dan 2011), Financial Instruments: Recognition and
Pengukuran yang mengatur standar akuntansi Measurement) sets forth the accounting and
dan pelaporan untuk transaksi derivatif dan reporting standards for derivative transactions
aktivitas lindung nilai, yang mengharuskan and hedging activities, which require that every
setiap instrumen derivatif (termasuk instrumen derivative instrument (including embedded
derivatif melekat) diakui sebagai aset atau derivatives) be recognized as either asset or
liabilitas berdasarkan nilai wajar setiap liability based on the fair value of each contract.
kontrak. Nilai wajar merupakan perhitungan Fair value is a computation of present value by
nilai kini (present value) dengan menggunakan using data and assumption which are
data dan asumsi yang berlaku umum. commonly used.
Berdasarkan kriteria khusus untuk akuntansi Based on the specific requirements for hedge
lindung nilai pada PSAK No. 55 (Revisi 2011), accounting under PSAK No. 55 (Revised 2011),
semua instrumen derivatif yang ada pada the Companys derivative instrument does not
Perusahaan tidak memenuhi persyaratan qualify and are not designated as hedge activity
tersebut dan oleh karena itu tidak for accounting purposes. The changes in fair
dikategorikan sebagai lindung nilai yang efektif value of such derivative instrument is charged or
untuk tujuan akuntansi. Perubahan atas nilai credited to current year operations.
wajar instrumen derivatif dibebankan atau
dikreditkan pada usaha tahun berjalan.
Perubahan neto nilai wajar instrumen derivatif The net changes in fair value of derivative
dan laba (rugi) dari penyelesaian kontrak instrument and gain (loss) from the settlement of
derivatif dibebankan atau dikreditkan pada derivative contract is charged or credited to
akun Laba (Rugi) Perubahan Nilai Wajar Gain (Loss) on Change in Fair Value of
Derivatif - Neto, dalam laporan laba rugi Derivative - Net account in the consolidated
komprehensif konsolidasian. statements of comprehensive income.
aa. Standar Akuntansi yang Telah Diterbitkan aa. Accounting Standards that Have Been
Namun Belum Berlaku Efektif Published But Not Yet Effective
Berikut ini adalah beberapa standar akuntansi The following are several published accounting
yang telah diterbitkan oleh Dewan Standar standards by the Indonesian Financial
Akuntansi Keuangan (DSAK) yang dipandang Accounting Standards Board (DSAK) that are
relevan terhadap pelaporan keuangan considered relevant to the financial reporting of
Kelompok Usaha namun belum berlaku efektif the Group but not yet effective for 2014 financial
untuk laporan keuangan tahun 2014: statements:
PSAK ini mengubah penyajian kelompok This PSAK changes the grouping of items
pos-pos dalam Penghasilan presented in Other Comprehensive Income.
Komprehensif Lain. Pos-pos yang akan Items that could be reclassified to profit or
direklasifikasi ke laba rugi disajikan loss would be presented separately from
terpisah dari pos-pos yang tidak akan items that will never be reclassified.
direklasifikasi ke laba rugi.
54
306 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
aa. Standar Akuntansi yang Telah Diterbitkan aa. Accounting Standards that Have Been
Namun Belum Berlaku Efektif (lanjutan) Published But Not Yet Effective (continued)
PSAK No. 4 (2013): Laporan Keuangan PSAK No. 4 (2013): Separate Financial
Tersendiri, yang diadopsi dari IAS 27, Statements, adopted from IAS 27, effective
berlaku efektif 1 Januari 2015. January 1, 2015.
PSAK ini hanya mengatur persyaratan This PSAK prescribes only the accounting
akuntansi ketika entitas induk requirements when a parent entity prepares
menyajikan laporan keuangan tersendiri separate financial statements as additional
sebagai informasi tambahan. Pengaturan information. Accounting for consolidated
akuntansi untuk laporan keuangan financial statements is determined in PSAK
konsolidasian diatur dalam PSAK No. 65. No. 65.
PSAK ini mengatur penerapan metode This PSAK describes the application of the
ekuitas pada investasi ventura bersama equity method to investments in joint
dan juga entitas asosiasi. ventures in addition to associates.
PSAK No. 24 (2013): Imbalan Kerja, PSAK No. 24 (2013): Employee Benefits,
yang diadopsi dari IAS 19, berlaku efektif adopted from IAS 19, effective
1 Januari 2015. January 1, 2015.
PSAK ini, antara lain, menghapus This PSAK, among other, removes the
mekanisme koridor dan pengungkapan corridor mechanism and contingent liability
atas informasi liabilitas kontinjensi untuk disclosures to simple clarifications and
menyederhanakan klarifikasi dan disclosures.
pengungkapan.
PSAK No. 46 (2013): Pajak Penghasilan, PSAK No. 46 (2013): Income Taxes,
berlaku efektif 1 Januari 2015. effective January 1, 2015.
PSAK revisi ini mengatur perlakuan The revised PSAK prescribes the
akuntansi untuk pajak penghasilan. Isu accounting treatment for income taxes. The
utama dalam perlakuan akuntansi untuk principal issues in accounting treatment for
pajak penghasilan adalah bagaimana income taxes are how to account for the
menghitung konsekuensi pajak kini dan current and future tax consequences of: (a)
masa depan untuk: (a) pemulihan the future recovery (settlement) of the
(penyelesaian) masa depan jumlah carrying amount of assets (liabilities)
tercatat aset (liabilitas) yang diakui dalam recognized in an entitys statement of
laporan posisi keuangan entitas; dan (b) financial position; and (b) transactions and
transaksi dan peristiwa lain pada periode another events in the current period which
berjalan yang diakui dalam laporan recognized in an entitys financial
keuangan entitas. PSAK ini juga statement. This PSAK also deals with the
mengatur pengakuan aset pajak recognition of deferred tax assets arise
tangguhan yang timbul dari rugi pajak from unused tax loss ot unused tax credits,
belum dikompensasi atau kredit pajak the presentation of income taxes in the
belum dimanfaatkan, penyajian pajak financial statements and the disclosure of
penghasilan dalam laporan keuangan, information relating to income taxes.
dan pengungkapan informasi yang terkait
dengan pajak penghasilan.
55
307 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
aa. Standar Akuntansi yang Telah Diterbitkan aa. Accounting Standards that Have Been
Namun Belum Berlaku Efektif (lanjutan) Published But Not Yet Effective (continued)
PSAK No. 65: Laporan Keuangan PSAK No. 65: Consolidated Financial
Konsolidasi, yang diadopsi dari IFRS 10, Statements, adopted from IFRS 10,
berlaku efektif 1 Januari 2015. effective January 1, 2015.
PSAK ini menggantikan porsi PSAK This PSAK replaces the portion of PSAK
No. 4 (2009) yang mengenai pengaturan No. 4 (2009) that addresses the
akuntansi untuk laporan keuangan accounting for consolidated financial
konsolidasian, menetapkan prinsip statements, establishes principles for the
penyusunan dan penyajian laporan presentation and preparation of
keuangan konsolidasian ketika entitas consolidated financial statements when an
mengendalikan satu atau lebih entitas entity controls one or more other entities.
lain.
PSAK No. 66: Pengaturan bersama, PSAK No. 66: Joint Arrangements,
yang diadopsi dari IFRS 11, berlaku adopted from IFRS 11, effective
efektif 1 Januari 2015. January 1, 2015.
PSAK ini menggantikan PSAK No. 12 This PSAK replaces PSAK No. 12 (2009)
(2009) dan ISAK 12. PSAK ini and ISAK 12. This PSAK removes the
menghapus opsi metode konsolidasi option to account for jointly controlled
proporsional untuk mencatat bagian entities using proportionate consolidation.
ventura bersama.
PSAK ini mencakup semua This PSAK includes all of the disclosures
pengungkapan yang diatur sebelumnya that were previously in PSAK No. 4 (2009),
dalam PSAK No. 4 (2009), PSAK PSAK No. 12 (2009) and PSAK No. 15
No. 12 (2009) dan PSAK No. 15 (2009). (2009). This disclosures relate to an
Pengungkapan ini terkait dengan entitys interests in other entities.
kepentingan entitas dalam entitas-
entitas lain.
PSAK No. 68: Pengukuran Nilai Wajar, PSAK No. 68: Fair Value Measurement,
yang diadopsi dari IFRS 13, berlaku adopted from IFRS 13, effective
efektif 1 Januari 2015. January 1, 2015.
PSAK ini memberikan panduan tentang This PSAK provides guidance on how to
bagaimana pengukuran nilai wajar measure fair value when fair value is
ketika nilai wajar disyaratkan atau required or permitted.
diizinkan.
Kelompok Usaha sedang mengevaluasi The Group is presently evaluating and has not
dampak dari standar akuntansi tersebut dan yet determined the effects of these accounting
belum menentukan dampaknya terhadap standards on its consolidated financial
laporan keuangan konsolidasiannya. statements.
56
308 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Penyusunan laporan keuangan konsolidasian The preparation of the Groups consolidated financial
Kelompok Usaha mengharuskan manajemen untuk statements requires management to make judgments,
membuat pertimbangan, estimasi dan asumsi yang estimates and assumptions that affect the reported
mempengaruhi jumlah yang dilaporkan dari amounts of revenues, expenses, assets and liabilities,
pendapatan, beban, aset dan liabilitas, dan and the disclosure of contingent liabilities, at the end
pengungkapan atas liabilitas kontijensi, pada akhir of the reporting year. Uncertainty about these
tahun pelaporan. Ketidakpastian mengenai asumsi assumptions and estimates could result in outcomes
dan estimasi tersebut dapat mengakibatkan that require a material adjustment to the carrying
penyesuaian material terhadap nilai tercatat pada amount of the asset and liability affected in future
aset dan liabilitas dalam tahun pelaporan years.
berikutnya.
Pertimbangan Judgments
Pertimbangan berikut ini dibuat oleh manajemen The following judgments are made by management in
dalam rangka penerapan kebijakan akuntansi the process of applying the Groups accounting
Kelompok Usaha yang memiliki pengaruh paling policies that have the most significant effects on the
signifikan atas jumlah yang diakui dalam laporan amounts recognized in the consolidated financial
keuangan konsolidasian: statements:
Alokasi Biaya Perolehan dan Penurunan Nilai Purchase Price Allocation and Goodwill Impairment
Goodwill
Akuntansi akuisisi mengharuskan penggunaan Acquisition accounting requires extensive use of
estimasi akuntansi secara ekstensif dalam accounting estimates to allocate the purchase price
mengalokasikan biaya perolehan kepada nilai pasar to the reliable fair market values of the assets and
wajar yang dapat diandalkan atas aset dan liabilitas liabilities purchased, including intangible assets.
yang diakuisisi, termasuk aset tak berwujud. Sesuai Under PSAK No. 22 (Revised 2010), Business
PSAK No. 22 (Revisi 2010), Kombinasi Bisnis, Combinations, goodwill is not amortized and is
goodwill tidak diamortisasi dan dilakukan pengujian subject to an annual impairment testing. The
penurunan nilai setiap tahunnya. Nilai tercatat carrying amount of the Groups goodwill as of
goodwill Kelompok Usaha pada tanggal December 31, 2014 was US$47,291,203
31 Desember 2014 adalah sebesar US$47.291.203 (2013 - As restated: US$55,378). Further details are
(2013 - Disajikan kembali: US$55.378). Penjelasan disclosed in Note 17.
lebih rinci diungkapkan dalam Catatan 17.
Pembuatan estimasi arus kas masa depan dalam The preparation of estimated future cash flows in
menentukan nilai wajar properti minyak dan gas determining the fair values of oil and gas properties
pada tanggal akuisisi melibatkan estimasi yang at the date of acquisition involves significant
signifikan. Walaupun manajemen berkeyakinan estimations. While the management believes that its
bahwa asumsi yang digunakan adalah tepat dan assumptions are appropriate and reasonable,
masuk akal, perubahan signifikan pada asumsi significant changes in its assumptions may
tersebut dapat mempengaruhi secara material materially affect its assessment of recoverable
evaluasi atas nilai terpulihkan dan dapat values and may lead to future impairment charges
menimbulkan penurunan nilai sesuai PSAK No. 48, under PSAK No. 48, Impairment of Assets.
Penurunan Nilai Aset.
Goodwill diuji untuk penurunan nilai setiap tahunnya Goodwill is subject to annual impairment test and
dan jika terdapat indikasi penurunan nilai. whenever there is an indication that such asset may
Manajemen menggunakan pertimbangan dalam be impaired. Management uses its judgment in
mengestimasi jumlah terpulihkan dan menentukan estimating the recoverable value and determining if
adanya indikasi penurunan nilai. Estimasi atau nilai there is any indication of impairment. Estimates on
terpulihkan diuraikan pada bagian Estimasi dan the recoverable amount are further described in
Asumsi pada catatan ini. Estimates and Assumptions section in this note.
57
309 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Sewa Lease
Kelompok usaha mengadakan perjanjian sewa di The Group has entered into lease arrangement in
mana Kelompok Usaha bertindak sebagai lessee. which the Group is a lessee. The Group evaluates
Kelompok usaha mengevaluasi apakah secara whether all of the risks and rewards incidental to
substantial risiko dan manfaat yang terkait dengan ownership are substantially transferred to the Group
kepemilikan aset beralih kepada Kelompok Usaha based on PSAK No. 30 (Revised 2011), Leases
berdasarkan PSAK No. 30 (Revisi 2011), Sewa, which requires the Group to make judgments and
yang mensyaratkan Kelompok Usaha membuat estimates of transfer of risks and rewards of the
pertimbangan dan estimasi dari pengalihan risiko leased assets.
dan manfaat terkait dengan aset yang disewa.
Asumsi utama masa depan dan sumber utama The key assumptions concerning the future and
estimasi ketidakpastian lain pada tanggal other key sources of estimation uncertainty at the
pelaporan yang memiliki risiko signifikan bagi reporting date that have a significant risk of causing
penyesuaian yang material terhadap nilai tercatat a material adjustment to the carrying amounts of
aset dan liabilitas untuk tahun berikutnya assets and liabilities within the next financial year are
diungkapkan di bawah ini. Kelompok Usaha disclosed below. The Group based its assumptions
mendasarkan asumsi dan estimasi pada parameter and estimates on parameters available when the
yang tersedia pada saat laporan keuangan consolidated financial statements were prepared.
konsolidasian disusun. Asumsi dan situasi Existing circumstances and assumptions about
mengenai perkembangan masa depan mungkin future developments may change due to market
berubah akibat perubahan pasar atau situasi di luar changes or circumstances arising beyond the
kendali Kelompok Usaha. Perubahan tersebut controls of the Group. Such changes are reflected in
dicerminkan dalam asumsi terkait pada saat the assumptions when they occur.
terjadinya.
58
310 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Estimasi Masa Manfaat Aset Tetap Estimating Useful Lives of Fixed Assets
Kelompok Usaha mengestimasi masa manfaat The Group estimates the useful lives of its fixed
ekonomis aset tetap berdasarkan utilisasi dari aset assets based on expected asset utilization as
yang diharapkan dan didukung dengan rencana anchored on business plans and strategies that also
dan strategi usaha dan perilaku pasar. Estimasi dari consider expected market behavior. The estimation
masa manfaat aset tetap adalah berdasarkan of the useful lives of fixed assets is based on the
penelaahan Kelompok Usaha terhadap praktek Groups assessment of industry practice, internal
industri, evaluasi teknis internal dan pengalaman technical evaluation and experience with similar
untuk aset yang setara. Estimasi masa manfaat assets. The estimated useful lives are reviewed at
ditelaah minimal setiap akhir tahun pelaporan dan least each financial year-end and are updated if
diperbarui jika ekspektasi berbeda dari estimasi expectations differ from previous estimates due to
sebelumnya dikarenakan pemakaian dan physical wear and tear, technical or commercial
kerusakan fisik, keusangan secara teknis atau obsolescence and legal or other limitations on the
komersial dan hukum atau pembatasan lain atas use of the assets. It is possible, however, that future
penggunaan dari aset. Tetapi, adalah mungkin, results of operations could be materially affected by
hasil di masa depan dari operasi dapat dipengaruhi changes in the estimates brought about by changes
secara material oleh perubahan-perubahan dalam in the factors mentioned above.
estimasi yang diakibatkan oleh perubahan faktor-
faktor yang disebutkan di atas.
Kelompok Usaha mengestimasi masa manfaat The Group estimates the useful lives of these fixed
ekonomis aset tetap antara 4 sampai dengan 20 assets to be within 4 to 20 years. These are common
tahun. Ini adalah umur yang secara umum life expectancies applied in the industries where the
diharapkan dalam industri dimana Kelompok Group conducts its businesses. Changes in the
Usaha menjalankan bisnisnya. Perubahan tingkat expected level of usage and technological
pemakaian dan perkembangan teknologi dapat development could impact the economic useful lives
mempengaruhi masa manfaat ekonomis dan nilai and the residual values of these assets, and therefore
sisa aset, dan karenanya biaya penyusutan masa future depreciation charges could be revised. The net
depan mungkin direvisi. Nilai tercatat neto atas carrying amount of the Groups fixed assets as of
aset tetap Kelompok Usaha pada tanggal December 31, 2014 was US$2,485,091,623 (2013 - As
31 Desember 2014 adalah sebesar restated: US$1,837,231,368). Further details are
US$2.485.091.623 (2013 - Disajikan kembali: disclosed in Note 15.
US$1.837.231.368). Penjelasan lebih rinci
diungkapkan dalam Catatan 15.
Kebijakan akuntansi Grup untuk biaya eksplorasi The Groups accounting policy for exploration and
dan evaluasi mengakibatkan biaya tertentu evaluation expenditure results in certain items of
dikapitalisasi untuk sebuah wilayah kerja yang expenditure being capitalized for an area of interest
dianggap dapat dipulihkan oleh eksploitasi di masa where it is considered likely to be a recoverable by
depan atau penjualan atau dimana kegiatan future exploitation or sale or where the activities have
tersebut belum mencapai tahap tertentu yang not reached a stage which permits a reasonable
memungkinkan dilakukan penilaian yang wajar assessment of the existence reserves. This policy
atas keberadaan cadangan. Kebijakan ini requires management to make certain estimates and
mengharuskan manajemen untuk membuat assumptions as to future events and circumstances, in
estimasi dan asumsi tertentu atas peristiwa dan particular whether an economically viable extraction
keadaan di masa depan, khususnya apakah operation can be established.
operasi eksploitasi dapat dilaksanakan secara
ekonomis.
59
311 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Biaya eksplorasi dan evaluasi (lanjutan) Exploration and evaluation expenditures (continued)
Setiap perkiraan dan asumsi tersebut dapat Any such estimates and assumptions may change as
berubah seiring tersedianya informasi baru. Jika, new information becomes available. If, after having
setelah dilakukan kapitalisasi atas biaya capitalized the expenditure under the policy, a
berdasarkan kebijakan ini, suatu pertimbangan judgement is made that recovery of the expenditure is
dibuat bahwa pemulihan biaya dianggap tidak unlikely, the relevant capitalized amount will be written
dimungkinkan, biaya yang telah dikapitalisasi off to the consolidated statement of comprehensive
tersebut akan dibebankan ke dalam laporan laba income.
rugi komprehensif konsolidasian.
Imbalan manfaat Pasti dan Imbalan Jangka Defined Benefit and Other Employees Benefits
Panjang Lainnya
Biaya program pensiun manfaat pasti dan imbalan The cost of defined benefit pension plans and other
jangka panjang lainnya serta nilai kini kewajiban long-term employees benefits and the present value
imbalan kerja ditentukan dengan menggunakan of the defined benefit obligation are determined
penilaian aktuaria. Penilaian aktuaria melibatkan using actuarial valuations. An actuarial valuation
penentuan berbagai asumsi, termasuk penentuan involves making various assumptions, which
tingkat diskonto, tingkat kenaikan gaji masa depan, includes the determination of the discount rate,
tingkat mortalitas, tingkat pengunduran diri future salary increases, mortality rates, employee
karyawan, tingkat kecacatan dan tingkat hasil yang turn-over rate, disability rate, and the expected rate
diharapkan dari aset program. Karena kerumitan of return on plan assets. Due to the complexity of the
penilaian, asumsi yang mendasari dan sifat jangka valuation, the underlying assumptions and its long
panjangnya, kewajiban manfaat pasti sangat term nature, a defined benefit obligation is highly
sensitif terhadap perubahan asumsi-asumsi sensitive to changes in these assumptions. All
tersebut. Seluruh asumsi ditelaah setiap akhir assumptions are reviewed at financial year-end.
tahun pelaporan.
Dalam menentukan tingkat diskonto yang sesuai, In determining the appropriate discount rate,
manajemen memperhitungkan tingkat bunga (pada management considers the market yields (at year
akhir tahun pelaporan) dari obligasi Pemerintah end) on Indonesian Rupiah Government bonds. The
dalam Rupiah. Kelompok Usaha menggunakan Group uses a single discount rate for each entity
tingkat diskonto tunggal untuk masing-masing within the Group that reflects the estimated average
entitas dalam Kelompok Usaha yang timing of benefit payments and the currency in which
mencerminkan rata-rata perkiraan jadwal the benefits are to be paid. The mortality rate is
pembayaran imbalan dan mata uang yang based on publicly available mortality tables. Future
digunakan dalam membayar imbalan. Tingkat salary increases is based on the Group long-term
mortalitas adalah berdasarkan tabel mortalita yang business plan which is also influenced by expected
tersedia pada publikasi. Tingkat kenaikan gaji masa future inflation rates for the country.
depan didasarkan pada rencana kerja jangka
panjang Kelompok Usaha yang juga dipengaruhi
oleh tingkat inflasi masa depan yang diharapkan
dalam suatu negara.
60
312 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Imbalan manfaat Pasti dan Imbalan Jangka Defined Benefit and Other Employees Benefits
Panjang Lainnya (lanjutan) (continued)
Walaupun Kelompok Usaha berkeyakinan bahwa While the Group believes that its assumptions are
asumsi tersebut adalah wajar dan sesuai, reasonable and appropriate, significant differences in
perbedaan signifikan pada hasil aktual atau the Groups actual experiences or significant
perubahan signifikan dalam asumsi yang changes in the Groups assumptions may materially
ditetapkan Kelompok Usaha dapat mempengaruhi affect its estimated liabilities for pension and
secara material liabilitas diestimasi atas pensiun employees benefits and net employees benefits
dan imbalan kerja dan beban imbalan kerja neto. expense. The carrying amount of the Groups
Nilai tercatat atas liabilitas diestimasi atas imbalan estimated liabilities for employees benefits as of
kerja Kelompok Usaha pada tanggal 31 Desember December 31, 2014 was US$123,836,463 (2013 -
2014 adalah sebesar US$123.836.463 (2013 - As restated: US$101,362,939). Further details about
Disajikan kembali: US$101.362.939). Penjelasan the assumptions used are disclosed in Note 35.e.
lebih rinci mengenai asumsi-asumsi yang
digunakan diungkapkan pada Catatan 35.e.
Ketika nilai wajar dari aset keuangan dan liabilitas When the fair value of financial assets and financial
keuangan dicatat dalam laporan posisi keuangan liabilities recorded in the consolidated statements of
konsolidasian tidak dapat diambil dari pasar yang financial position cannot be derived from active
aktif, maka nilai wajarnya ditentukan dengan markets, their fair value is determined using
menggunakan teknik penilaian termasuk option valuation techniques including the option pricing
pricing model. Masukan untuk model tersebut model. The inputs to these models are taken from
dapat diambil dari pasar yang dapat diobservasi, observable markets where possible, but where this is
tetapi apabila hal ini tidak dimungkinkan, sebuah not feasible, a degree of judgement is required in
tingkat pertimbangan disyaratkan dalam establishing fair values. The judgments include
menetapkan nilai wajar. Pertimbangan tersebut considerations of inputs such as liquidity risk, credit
mencakup penggunaan masukan seperti risiko risk and volatility. Changes in assumptions about
likuiditas, risiko kredit dan volatilitas. Perubahan these factors could affect the reported fair value of
dalam asumsi mengenai faktor-faktor tersebut financial instruments.
dapat mempengaruhi nilai wajar dari instrumen
keuangan yang dilaporkan.
Nilai tercatat dari aset keuangan yang diukur pada The carrying amount of financial asset carried at fair
nilai wajar dalam laporan posisi keuangan value in the consolidated statements of financial
konsolidasian pada tanggal 31 Desember 2014 position as of December 31, 2014 was
adalah sebesar US$92.588.146 US$92,588,146 (2013 - As restated:
(2013 - Disajikan kembali: US$85.384.831), US$85,384,831), while the carrying amount of
sedangkan nilai tercatat liabilitas keuangan yang financial liability carried at fair value in the
diukur pada nilai wajar dalam laporan posisi consolidated statements of financial position as of
keuangan konsolidasian pada tanggal 31 December 31, 2014 was US$11,005,055 (2013 - As
Desember 2014 adalah sebesar US$11.005.055 restated: US$11,927,017) (Notes 7 and 33).
(2013 - Disajikan kembali: US$11.927.017)
(Catatan 7 dan 33).
61
313 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Cadangan Kerugian Penurunan Nilai atas Piutang Allowance for Impairment Losses on Trade
Usaha Receivables
Kelompok Usaha mengevaluasi akun tertentu jika The Group evaluates specific accounts where it has
terdapat informasi bahwa pelanggan yang information that certain customers are unable to
bersangkutan tidak dapat memenuhi kewajiban meet their financial obligations. In these cases, the
keuangannya. Dalam hal tersebut, Kelompok Group uses judgment, based on the best available
Usaha mempertimbangkan, berdasarkan fakta dan facts and circumstances, including but not limited to,
situasi yang tersedia, termasuk namun tidak the length of its relationship with the customer and
terbatas pada, jangka waktu hubungan dengan the customers current credit status, to record
pelanggan dan status kredit dari pelanggan, untuk specific provisions for customers against amounts
mencatat provisi yang spesifik atas jumlah piutang due to reduce its receivable amounts that the Group
pelanggan guna mengurangi jumlah piutang yang expects to collect.
diharapkan dapat diterima oleh Kelompok Usaha.
Provisi yang spesifik ini dievaluasi kembali dan These specific provisions are re-evaluated and
disesuaikan jika tambahan informasi yang diterima adjusted as additional information received affects
mempengaruhi jumlah cadangan kerugian the amounts of allowance for impairment losses on
penurunan nilai atas piutang usaha. Nilai tercatat trade receivables. The carrying amount of the
dari piutang usaha Kelompok Usaha sebelum Groups trade receivables before allowance for
penyisihan kerugian penurunan nilai pada tanggal impairment losses as of December 31, 2014 was
31 Desember 2014 adalah sebesar US$343,268,622 (2013 - As restated:
US$343.268.622 (2013 - Disajikan kembali: US$292,118,936). Further details are disclosed in
US$292.118.936). Penjelasan lebih lanjut Note 8.
diungkapkan dalam Catatan 8.
62
314 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
63
315 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Asumsi ekonomi yang digunakan untuk The economic assumptions used to estimate
memperkirakan cadangan berubah dari waktu ke reserves change from period to period, and
waktu dan data geologi bertambah selama masa additional geological data is generated during the
operasi, oleh karena itu perkiraan cadangan dapat course of operations, therefore estimates of
berubah dari waktu ke waktu. Perubahan cadangan reserves may change from period to period.
yang dilaporkan dapat mempengaruhi hasil dan Changes in reported reserves may affect the
posisi keuangan Kelompok Usaha dalam berbagai Groups financial results and financial position in a
cara diantaranya: number of ways, including:
Nilai tercatat aset dapat terpengaruh akibat Asset carrying values may be affected due to
perubahan estimasi arus kas masa depan. changes in estimated future cash flows.
Nilai tercatat aset/liabilitas pajak tangguhan The carrying value of deferred tax
dapat berubah karena perubahan estimasi assets/liabilities may change due to changes in
pemulihan manfaat pajak. estimates of the likely recovery of the tax
benefits.
Sesuai dengan kebijakan akuntansi Kelompok In accordance with the Groups accounting policy,
Usaha, setiap aset atau unit penghasil kas each asset or cash generating unit is evaluated
dievaluasi pada setiap periode pelaporan untuk every reporting period to determine whether there
menentukan ada tidaknya indikasi penurunan nilai are any indications of impairment. If any such
aset. Jika terdapat indikasi tersebut, akan indications exists, a formal estimate of the
dilakukan perkiraan atas nilai aset yang dapat recoverable amount is performed and an impairment
kembali dan kerugian akibat penurunan nilai akan loss recognized to the extent that the carrying
diakui sebesar selisih antara nilai tercatat aset amount of an asset or cash generating unit of a
dengan nilai yang dapat dipulihkan kembali dari group of assets is mesaurred at the higher of fair
aset tersebut. Jumlah nilai yang dapat dipulihkan value less costs to sell and value in use.
kembali dari sebuah aset atau kelompok aset
penghasil kas diukur berdasarkan nilai yang lebih
tinggi antara nilai wajar dikurangi biaya untuk
menjual dan nilai pakai aset.
64
316 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Aset yang memiliki masa manfaat yang terbatas, Assets that have an indefinite useful-life for
seperti goodwill atau aset tak berwujud yang example, goodwill or intangible assets not ready to
belum siap untuk digunakan, tidak diamortisasi use - are not subject to amortization and are tested
dan diuji setiap tahun untuk penurunan nilai. annualy for impairment. The recoverable amounts of
Jumlah nilai yang dapat diperoleh kembali dari cash generating units have been determined based
unit penghasil kas ditentukan berdasarkan on value-in-use calculations.
perhitungan nilai pakai.
Aset minyak dan gas bumi yang telah Proven oil and gas properties are reviewed for
menemukan cadangan terbukti, ditelaah untuk impairment losses whenever events or changes in
penurunan nilai ketika kejadian dan perubahan circumtances indicate that the carrying amount may
keadaan mengindikasikan bahwa nilai tercatat not be recoverable. If any such indication exists, the
aset tidak dapat dipulihkan. Jika terdapat indikasi assets recoverable amount is estimated. The
tersebut, nilai terpulihkan aset akan diestimasi. recoverable amount of an asset is determined as the
Nilai terpulihkan aset ditentukan berdasarkan nilai greater of an assets fair value less cost to sell and
yang lebih besar antara nilai wajar aset dikurangi value in use.
biaya untuk menjual dan nilai pakainya.
Penentuan nilai wajar dan nilai pakai The determination of fair value and value in use
membutuhkan manajemen untuk membuat requires management to make estimates and
estimasi dan asumsi atas produksi yang assumptions about expected production and sales
diharapkan dan volume penjualan, harga volumes, commodity prices (considering current and
komoditas (mempertimbangkan harga saat ini dan historical prices, price trends and related factors),
masa lalu, tren harga dan faktor-faktor terkait), reserves (see Reserve Estimates above),
cadangan (lihat Estimasi Cadangan di atas), operating costs, decommissioning and site
biaya operasi, biaya pembongkaran dan restorasi restoration cost, and future capital expenditure.
serta belanja modal di masa depan. Estimasi dan These estimates and assumptions are subject to risk
asumsi ini terpapar risiko dan ketidakpastian; and uncertainty; hence there is a possibility that
sehingga ada kemungkinan perubahan situasi changes in circumtances will alter these projections,
dapat mengubah proyeksi ini, yang dapat which may impact the recoverable amount of the
mempengaruhi nilai aset yang dapat dipulihkan assets. In such circumtances, some or all of the
kembali. Dalam keadaan seperti itu, sebagian carrying value of the assets may be further impaired,
atau seluruh nilai tecatat aset mungkin akan or the impairment charge reduced, with the impact
mengalami penurunan nilai lebih lanjut atau terjadi recorded in the profit or loss.
pengurangan rugi penurunan nilai yang
dampaknya akan dicatat dalam laporan laba-rugi.
65
317 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Sesuai dengan ketentuan PSAK No. 22 (Revisi In accordance with the provisions of PSAK No. 22
2010), manajemen Kelompok Usaha melakukan (Revised 2010), the management of the Group
penyesuaian retrospektif atas jumlah aset neto retrospectively adjusted the provisional amounts of
sementara yang diakui atas akuisisi SIP pada net asset arising from the acquisition of SIP on June
tanggal 26 Juni 2013, sebagaimana yang 26, 2013, as previously reported in the Groups
sebelumnya dilaporkan dalam laporan keuangan consolidated financial statements as of December 31,
konsolidasian tanggal 31 Desember 2013 dan 2013 and for the year then ended to reflect the final
untuk tahun yang berakhir pada tanggal tersebut fair value of such identifiable net assets as disclosed
untuk mencerminkan hasil perhitungan nilai wajar in Note 17. Further, in relation to the change in the
aset neto teridentifikasi final sebagaimana fair value of identifiable net assets, the Group also
dijelaskan pada Catatan 17. Lebih lanjut, dengan reassessed goodwill impairment test performed as of
perubahan nilai wajar aset neto teridentifikasi December 31, 2013 and made necessary
tersebut, Kelompok Usaha juga melakukan adjustments. Accordingly, the Group restated its
penilaian ulang atas penurunan nilai goodwill consolidated financial statements for the year ended
pada tanggal 31 Desember 2013 dan melakukan December 31, 2013.
penyesuaian yang diperlukan. Dengan demikian,
Kelompok Usaha menyajikan kembali laporan
keuangan konsolidasian untuk tahun yang
berakhir pada tanggal 31 Desember 2013
tersebut.
Akun-akun yang terpengaruh dalam laporan posisi The accounts affected in the consolidated statement
keuangan konsolidasian tanggal 31 Desember of financial position as of December 31, 2013 before
2013 sebelum dan setelah penyesuaian adalah and after the restatement are shown below:
sebagai berikut:
LIABILITAS LIABILITIES
Liabilitas yang masih harus dibayar 180.125.591 180.458.414 Accrued liabilities
Total Liabilitas Jangka Pendek 885.798.906 886.131.729 Total Current Liablities
Liabilitas pajak tangguhan, neto 571.231 23.912.704 Deferred tax liability, net
Liabilitas jangka panjang Long-term liabilities for
imbalan kerja 100.124.151 101.362.939 employees benefits
Total Liabilitas Jangka Panjang 750.149.566 760.734.933 Total Non-Current Liabilities
Total Liabilitas 1.635.948.472 1.646.866.662 Total Liabilities
EKUITAS EQUITY
Saldo laba 2.096.615.050 2.040.532.402 Retained earnings
Total Ekuitas yang Dapat Diatribusikan Total Equity Attributable to Owners
Kepada Pemilik Entitas Induk 2.545.402.272 2.489.321.625 of the Parent Entity
Total Ekuitas 2.727.226.523 2.671.143.876 Total Equity
Total Liabilitas dan Ekuitas 4.363.174.995 4.318.010.538 Total Liabilities and Equity
66
318 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Akun-akun yang terpengaruh dalam laporan laba The accounts affected in the consolidated statement
rugi komprehensif konsolidasian untuk tahun yang of comprehensive income for the year ended
berakhir pada tanggal 31 Desember 2013 sebelum December 31, 2013 before and after the restatement
dan setelah penyesuaian adalah sebagai berikut: are shown below:
Kelompok Usaha menyajikan laporan posisi The Group presented the consolidated statement of
keuangan konsolidasian pada awal periode financial position as at the beginning of the earliest
komparatif tanggal 1 Januari 2013/31 Desember comparative period as of January 1,
2012 sesuai ketentuan PSAK No. 1 (Revisi 2009) 2013/December 31, 2012 in accordance with
namun mengingat penyesuaian yang dilakukan provision of PSAK No. 1 (Revised 2009) however as
adalah sehubungan dengan akuisisi yang terjadi the adjustments made is in relation to the acquisition
pada tahun 2013, tidak terdapat perubahan pada that occur in 2013, there is no change to the
saldo-saldo akun yang disajikan pada laporan accounts balances presented in the consolidated
posisi keuangan konsolidasian tanggal 1 Januari statement of financial position as of January 1,
2013/31 Desember 2012. 2013/December 31, 2012.
67
319 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
31 Desember/December 31,
2013
Disajikan kembali/
2014 As restated
68
320 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
5. KAS DAN SETARA KAS (lanjutan) 5. CASH AND CASH EQUIVALENTS (continued)
31 Desember/December 31,
2013
Disajikan kembali/
2014 As restated
69
321 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
5. KAS DAN SETARA KAS (lanjutan) 5. CASH AND CASH EQUIVALENTS (continued)
31 Desember/December 31,
2013
Disajikan kembali/
2014 As restated
Tingkat bunga tahunan deposito berjangka pada The annual interest rates of time deposits on the
tanggal berikut adalah sebagai berikut: following dates are as follows:
31 Desember/December 31,
2014 2013
2013
Disajikan kembali/
2014 As restated
Kas yang dibatasi penggunaannya di Bank of The restricted cash in Bank of America, N.A.
America, N.A. sebesar US$101.242 dan amounting to US$101,242 and US$305,505 as of
US$305.505 masing-masing pada tanggal December 31, 2014 and 2013, respectively, were
31 Desember 2014 dan 2013, ditujukan untuk established for the repayment of Transgasindos
pembayaran wesel bayar Transgasindo. promissory notes.
70
322 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
2013
Disajikan kembali/
2014 As restated
71
323 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
65.493.310
Berdasarkan Moodys Investors Services, Based on Moodys Investors Services, the bonds are
peringkat dari obligasi tersebut adalah Baa3. rated at Baa3.
14.814.679
Berdasarkan Moodys Investors Services, Based on Moodys Investors Services, the bonds are
peringkat dari obligasi tersebut adalah Baa3. rated at Baa3.
Penerbit obligasi/Bonds issuer: Lembaga Pembiayaan Ekspor Indonesia (LPEI) Seri C
Per Lembar/Bonds Total/Total
Bulan Nilai Harga Harga Tingkat
pembelian/ Nominal/ perolehan/ Harga pasar/ perolehan/ bunga/
No./ Month of Nominal Acquisition Market Value Lembar/ Acquisition Interest
No. Acquisition amount cost 2014 2013 Bonds cost rate
Rp50.000.000.000
Berdasarkan PT Pefindo, peringkat dari obligasi Based on PT Pefindo, the bonds are rated at idAAA.
tersebut adalah idAAA.
Penerbit obligasi/Bonds issuer: Surat Berharga Syariah Negara (SBSN)
Per Lembar/Bonds Total/Total
Bulan Nilai Harga Harga Tingkat
pembelian/ Nominal/ perolehan/ Harga pasar/ perolehan/ bunga/
No./ Month of Nominal Acquisition Market Value Lembar/ Acquisition Interest
No. Acquisition amount cost 2014 2013 Bonds cost rate
4.000.000
72
324 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Berdasarkan Moodys Investors Service, peringkat Based on Moodys Investors Services, the bonds are
dari obligasi tersebut adalah Baa3. rated at Baa3.
Penerbit obligasi/Bonds issuer: PT Aneka Tambang (Persero) Tbk (ANTAM) Seri B
Per Lembar/Bonds Total/Total
Bulan Nilai Harga Harga Tingkat
pembelian/ Nominal/ perolehan/ Harga pasar/ perolehan/ bunga/
No./ Month of Nominal Acquisition Market Value Lembar/ Acquisition Interest
No. Acquisition amount cost 2014 2013 Bonds cost rate
Rp25.000.000.000
Berdasarkan PT Pefindo, peringkat dari obligasi Based on PT Pefindo, the bonds are rated at idA.
tersebut adalah idA.
Per Lembar/Bonds Total/Total
Bulan Nilai Harga Harga Tingkat
pembelian/ Nominal/ perolehan/ Harga pasar/ perolehan/ bunga/
No./ Month of Nominal Acquisition Market Value Lembar/ Acquisition Interest
No. Acquisition amount cost 2014 2013 Bonds cost rate
Rp20.000.000.000
Berdasarkan PT Pefindo, peringkat dari obligasi Based on PT Pefindo, the bonds are rated at
tersebut adalah idAA+. idAA+.
Akun ini terdiri dari piutang dari: This account consists of receivables from:
31 Desember/December 31,
2013
Disajikan kembali/
2014 As restated
73
325 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
2013
Disajikan kembali/
2014 As restated
Perubahan cadangan kerugian penurunan nilai The changes in the allowance for impairment
adalah sebagai berikut: losses are as follows:
31 Desember/December 31,
2013
Disajikan kembali/
2014 As restated
Manajemen Kelompok Usaha berpendapat bahwa The management of the Group believes that the
cadangan kerugian penurunan nilai adalah cukup allowance for impairment losses is adequate to
untuk menutupi kemungkinan atas tidak tertagihnya cover any loss from uncollectible of trade
piutang usaha. receivables.
Analisa umur piutang usaha dihitung sejak tanggal The aging analysis of trade receivables based on
faktur adalah sebagai berikut: invoice dates are as follows:
31 Desember/December 31,
2013
Disajikan kembali/
2014 As restated
74
326 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Piutang usaha tidak dijaminkan, tidak dikenakan Trade receivables are unsecured, non-interest
bunga dan umumnya dikenakan syarat bearing and are generally subject to the terms of
th
pembayaran selambat-lambatnya tanggal 20 payment at no later than the 20 of the billing
bulan penagihan. month.
Pada tanggal 11 Juni 2013, BPH Migas On 11 June 2013, BPH Migas issued letter
menerbitkan surat No. 781/07/Ka BPH/2013 No. 781/07/Ka BPH/2013 (the BPH Migas Letter)
(Surat BPH Migas) kepada Direktur Utama to the President Director of Transgasindo regarding
Transgasindo terkait penerapan tarif baru toll fee the application of a new tariff for toll fees in the
pada ruas pipa Grissik - Singapura sebagaimana Grissik - Singapore pipeline as stipulated in BPH
disebutkan dalam surat keputusan BPH Migas Migas decision letter No. 217/Tarif/BPH
Nomor 217/Tarif/BPH Migas/Kom/VIII/2010 Migas/Kom/VIII/2010 dated 11 August 2010 (New
tertanggal 11 Agustus 2010 (Surat Pengumuman Tariff Announcement Letter).
Tarif Baru).
Penerbitan Surat BPH Migas tersebut sehubungan The issuance of the BPH Migas Letter was in
dengan surat keputusan Mahkamah Agung relation with the decision letter of Supreme Court of
Republik Indonesia No. 205/K/TUN/2012 yang Republic of Indonesia No. 205/K/TUN/2012
menolak kasasi yang diajukan oleh ConocoPhillips rejecting the cassation proposed by ConocoPhillips
(Grissik) Ltd terkait perselisihannya dengan BPH (Grissik) Ltd about its dispute with BPH Migas,
Migas, tentang tarif baru toll fee yang akan which was due to a new tariff for toll fees to be
diterapkan pada awal Agustus 2010, sebagaimana applied at the beginning of August 2010, as
disebutkan dalam Surat Pengumuman Tarif Baru. mentioned in the New Tariff Announcement Letter.
Terkait dengan perselisihan tentang tarif baru, Due to the dispute over the new tariff,
Transgasindo telah mencadangkan rugi penurunan Transgasindo provided allowance for impairment
nilai sebesar US$2.586.013, yang mencerminkan losses amounting to US$2,586,013, which
piutang yang diperselisihkan untuk periode Agustus represents disputed receivables for the period
2010 hingga Desember 2010. Transgasindo tidak August 2010 to December 2010. Transgasindo did
mencadangkan rugi penurunan nilai untuk periode not provide any additional allowance for impairment
1 Januari 2011 hingga 30 Juni 2013, dikarenakan losses for the period January 1, 2011 to June 30,
penagihan pada para shipper selama periode 2013, as it had billed the shippers with the old tariff.
tersebut menggunakan tarif lama.
Berdasarkan, Surat BPH Migas tersebut, pada By the issuance of the BPH Migas Letter, in 2013
tahun 2013 Transgasindo juga mengakui tambahan Transgasindo also recognize the additional
pendapatan dan piutang untuk transportasi gas revenue and receivables for gas transportation
sejak 1 Januari 2011 hingga 30 Juni 2013 yang commencing January 1, 2011 through June 30,
dihitung dari selisih antara tarif lama dengan tarif 2013 which was determined as the difference
baru sebagaimana yang diatur dalam Surat BPH between the old tariff and the new tariff as
Migas tersebut, dan membalik cadangan kerugian stipulated in the BPH Migas Letter, and reversed
penurunan nilai sebesar US$2.586.013. the allowance for impairment amounting to
US$2,586,013.
75
327 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
2013
Disajikan kembali/
2014 As restated
Perubahan cadangan kerugian penurunan nilai The changes in the allowance for impairment
adalah sebagai berikut: losses are as follows:
31 Desember/December 31,
2013
Disajikan kembali/
2014 As restated
Piutang Pajak Pertambahan Nilai (PPN) yang Reimbursable Value Added Tax (VAT) represents
dapat ditagihkan merupakan PPN yang VAT paid by the subsidiaries involved in oil and gas
dibayarkan oleh entitas anak yang bergerak di exploration and production in Indonesia which is
bidang eksplorasi dan produksi minyak dan gas reimbursable from Satuan Kerja Khusus Pelaksana
bumi di Indonesia, yang dapat ditagih kembali dari Kegiatan Usaha Hulu Minyak dan Gas Bumi (SKK
Satuan Kerja Khusus Pelaksana Kegiatan Usaha MIGAS).
Hulu Minyak dan Gas Bumi (SKK MIGAS).
76
328 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Piutang dari PT Hoegh LNG Lampung (Hoegh Receivable from PT Hoegh LNG Lampung (Hoegh
Lampung) merupakan piutang sehubungan Lampung) represent amounts due from in relation
dengan pembayaran pajak pertambahan nilai atas to the value added tax payments by PLI on
importasi mesin/peralatan yang dilakukan PLI imported machineries/equipment on behalf of
atas nama Hoegh Lampung. Hoegh Lampung.
Piutang dari aktivitas minyak dan gas merupakan Receivables from oil and gas activities represent
piutang yang berkaitan dengan aktivitas receivables relating to oil and gas exploration and
eksplorasi dan produksi minyak dan gas termasuk production activities including cash call payment
pembayaran cash call yang berkaitan dengan relating to the Ketapang and Bangkanai PSCs.
kontrak kerjasama pada blok Ketapang dan
Bangkanai.
Piutang denda merupakan piutang sehubungan Penalty receivable represents amount due from in
dengan denda yang dikenakan kepada Hoegh relation to penalty charged to Hoegh Lampung due
Lampung karena keterlambatan atas pengeluaran to delay in issuance of acceptance certificate
acceptance certificate sehubungan dengan relating to vessel rental between PLI and Hoegh
penyewaan kapal antara PLI dengan Hoegh Lampung.
Lampung.
Uang muka proyek merupakan pembayaran uang Advances for project represent payments to
muka atas pembayaran kepada kontraktor atas contractor relating to maintenance activities.
pekerjaan pemeliharaan.
Piutang underlifting dari SKK MIGAS berasal dari The underlifting receivable from SKK MIGAS
blok Ujung Pangkah. relates to Ujung Pangkah block.
Piutang lain-lain dari Pemerintah Republik Other receivables from the Government of
Indonesia merupakan piutang sehubungan the Republic of Indonesia represent receivables in
dengan penerusan pinjaman yang dananya telah relation to the two-step loans which funds are
tersedia di Bank Indonesia pada tahun 2003 untuk available for the Company in Bank Indonesia in
ditarik oleh Perusahaan menunggu kelengkapan 2003 to withdraw pending the completion of
administratif. certain administrative matters.
Berdasarkan Surat Menteri Keuangan Based on the Ministry of Finance Letter
No. S/219/PB.3/2009, tanggal 6 Maret 2009 No. S/219/PB.3/2009, dated March 6, 2009 which
bahwa saldo pada rekening khusus telah stated that the amount in the special account had
ditransfer ke rekening Kas Negara dalam mata been transferred to State Office Funds account in
uang Dolar Amerika Serikat pada tanggal US Dollar currency on February 12, 2009 and
12 Februari 2009 dan rekening tersebut telah such account had been closed on
ditutup pada tanggal 13 Februari 2009 February 13, 2009, as stated in Letter of Head of
sebagaimana dinyatakan dalam Surat Kepala Banking Services of Bank Indonesia dated
Bagian Jasa Perbankan Bank Indonesia tanggal February 19, 2009 No. 11/49/DASP/LIP,
19 Februari 2009 No. 11/49/DASP/LIP, mengenai regarding the transfer of special account amount
pemindahan saldo rekening khusus dan and closing of inactive special account, the
penutupan rekening khusus yang tidak aktif, maka management decided to provide full allowance for
manajemen memutuskan untuk membentuk these receivables from the Government of the
penyisihan atas seluruh piutang dari Pemerintah Republic of Indonesia.
Republik Indonesia.
Piutang dari Kuwait Foreign Petroleum Receivables from Kuwait Foreign Petroleum
Exploration Company K.S.C (Closed) (KUFPEC) Exploration Company K.S.C (Closed) (KUFPEC)
merupakan piutang sehubungan dengan represent construction of jetty in Gresik which will
pembangunan jetty di Gresik yang ditanggung be borne by KUFPEC based on Sales Purchase
oleh KUFPEC sesuai dengan Perjanjian Jual Beli Agreement of Kufpec Indonesia (Pangkah) B.V.
Kufpec Indonesia (Pangkah) B.V. antara between SEI with KUFPEC.
SEI dengan KUFPEC.
Manajemen Kelompok Usaha berpendapat bahwa The management of the Group believes that the
cadangan kerugian penurunan nilai adalah cukup allowance for impairment losses is adequate to
untuk menutupi kemungkinan kerugian atas tidak cover any loss from uncollectible other
tertagihnya piutang lain-lain. receivables.
77
329 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
31 Desember/December 31,
2013
Disajikan kembali/
2014 As restated
Perubahan penyisihan persediaan usang adalah The changes in the allowance for inventory
sebagai berikut: obsolescence are as follows:
31 Desember/December 31,
2013
Disajikan kembali/
2014 As restated
Berdasarkan hasil penelaahan pada tanggal Based on a review at the reporting dates,
pelaporan, manajemen berkeyakinan bahwa management believes that the above allowance is
penyisihan tersebut di atas cukup untuk menutupi adequate to cover possible losses from decline in
kemungkinan kerugian dari penurunan nilai pasar market values of inventories.
persediaan.
Persediaan tidak dijadikan jaminan dan Inventories are not pledged and are insured
diasuransikan terhadap risiko kebakaran dan risiko against losses from fire and other risks under
lainnya berdasarkan suatu paket polis tertentu blanket policies for Rp215,986,878,188 and
dengan jumlah pertanggungan sebesar US$24,084,418.
Rp215.986.878.188 dan US$24.084.418.
Manajemen Kelompok usaha berpendapat bahwa The management of the Group believes that the
nilai pertanggungan cukup untuk menutupi sum insured is adequate to cover possible losses
kemungkinan kerugian atas aset yang on the assets insured.
dipertanggungkan.
78
330 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Akun ini terdiri dari uang muka untuk: This account consists of advances for:
31 Desember/December 31,
2013
Disajikan kembali/
2014 As restated
Uang muka pembelian gas bumi merupakan The advances for purchase of natural gas
pembayaran yang dilakukan sesuai dengan represents payments made under the Make-Up
kesepakatan Make-Up Gas untuk selisih jumlah Gas arrangements for the difference between the
gas yang dialirkan dengan jumlah kuantitas delivered quantity and the minimum purchase
pembelian gas minimum seperti yang tertera quantity of natural gas as stated in the Gas Sale
dalam Perjanjian Jual Beli Gas (Catatan 40). and Purchase Agreements (Note 40). Such
Uang muka tersebut akan dikreditkan dengan advances will be applied against future deliveries
kelebihan kuantitas gas yang dialirkan dengan of quantities over the minimum specified purchase
jumlah kuantitas pembelian gas bumi minimum quantities of natural gas.
yang terjadi setelahnya.
Uang muka pembelian barang merupakan Advance for purchase of goods represents
pembayaran atas pengadaan Metering Regulating payment for Metering Regulating System (MRS)
System (MRS), pipa baja, pilot dan ball valve procurement, steel pipe, pilot and ball valve to the
kepada pihak ketiga. third parties.
79
331 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Manajemen Kelompok Usaha berpendapat bahwa The management of the Group believes that all of
seluruh uang muka tersebut dapat dipulihkan. such advances can be recovered.
2013
Disajikan kembali/
2014 As restated
2013
Disajikan kembali/
2014 As restated
80
332 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Berdasarkan perjanjian Farm Out Bangkanai PSC Based on Farm Out Agreement of Bangkanai
tanggal 11 Maret 2013, SBK akan melakukan PSC dated March 11 2013, SBK will pay carry to
pembayaran carry kepada Salamander Energy Salamander Energy (Bangkanai) Limited
(Bangkanai) Limited atas biaya pengembangan amounting to US$30,000,000 for development
sebesar US$30.000.000, biaya pengeboran di costs, US$5,600,000 for drilling cost in West
sumur West Kerendan-1 sebesar US$5.600.000, Kerendan-1 Well and US$1,500,000 for the
dan biaya pengeboran sumur eksplorasi following exploration drilling cost in such block.
berikutnya sebesar US$1.500.000 di blok Until December 31, 2014, the amount paid by
tersebut. Sampai tanggal 31 Desember 2014, SBK was US$35,600,000. SBK can recover the
jumlah yang telah dibayarkan oleh SBK sebesar development and drilling cost during the
US$35.600.000. SBK dapat memulihkan biaya production activities, to a maximum of the above
pengembangan dan pengeboran tersebut pada amounts.
saat aktivitas produksi, dengan nilai maksimum
sebesar jumlah tersebut di atas.
Pada tahun 2013, SBK mencatat penyesuaian In 2013, SBK recorded fair value adjustment to
nilai wajar atas piutang dari Salamander Energy the receivables from Salamander Energy
(Bangkanai) Limited terkait dengan pembayaran (Bangkanai) Limited that carries no interest by
carry tanpa bunga dengan mengestimasi nilai kini estimating present value of all future cash receipts
atas penerimaan arus kas masuk masa depan discounted using the borrowing rate of SBK (Note
yang didiskonto dengan menggunakan tingkat 31).
suku bunga pinjaman SBK (Catatan 31).
Piutang dari Kuwait Foreign Petroleum Receivables from Kuwait Foreign Petroleum
Exploration Company K.S.C. (Closed) (KUFPEC) Exploration Company K.S.C. (Closed) (KUFPEC)
merupakan piutang sehubungan dengan beban represent tax expense incurred in SIP which will
pajak yang terutang di SIP yang ditanggung oleh be borne by KUFPEC based on Sales Purchase
KUFPEC sesuai dengan Perjanjian Jual Beli Agreement of Kufpec Indonesia Pangkah B.V.
Kufpec Indonesia Pangkah B.V. antara SEI between SEI with KUFPEC dated April 24, 2013.
dengan KUFPEC tanggal 24 April 2013.
Pada tahun 2014, SEI mencatat penyesuaian nilai In 2014, SEI recorded fair value adjustment to the
wajar atas piutang dari KUFPEC tanpa bunga receivables from KUFPEC that carries no interest
dengan mengestimasi nilai kini atas penerimaan by estimating present value of all future cash
arus kas masuk masa depan yang didiskonto receipts discounted using the borrowing rate of
dengan menggunakan tingkat suku bunga SEI (Note 31).
pinjaman SEI (Catatan 31).
Setelah pengakuan awal, Kelompok Usaha akan Subsequent to recognition, the Group will record
mencatat pendapatan bunga unwinding atas the unwinding interest income for such
piutang tersebut yang disajikan dalam akun receivables which is presented under Finance
Pendapatan Keuangan di dalam laporan laba Income in the consolidated statements of
rugi komprehensif konsolidasian sampai dengan comprehensive income over the period up to the
periode estimasi pembayaran terakhir dengan estimated final payment to adjust the carrying
menyesuaikan jumlah tercatat piutang menjadi amount of the receivables to its face value.
nilai nominal.
Manajemen Kelompok Usaha berpendapat bahwa The management of the Group believes that all of
saldo seluruh piutang tersebut dapat ditagih the receivables are collectible. Hence, no
sehingga tidak diperlukan cadangan kerugian allowance for impairment losses is required.
penurunan nilai.
81
333 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Tabel berikut menyajikan informasi keuangan atas The following table illustrates summarized financial
investasi Kelompok Usaha pada entitas asosiasi: information of the Groups investments in
associates:
31 Desember/December 31, 2014
82
334 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Pada tanggal 14 April 2010, Perusahaan dan On April 14, 2010, the Company and PT Pertamina
PT Pertamina (Persero) menandatangani Akta (Persero) signed the Deed of Establishment of
Pendirian PT Nusantara Regas, suatu Joint PT Nusantara Regas, a Joint Venture Company,
Venture Company, yang bergerak dalam bidang which engages in the management and
pengelolaan dan pengembangan fasilitas Floating development of Floating Storage and
Storage and Regasification Terminal (FSRT) di Regasification Terminal facilities (FSRT) in West
Jawa Barat, termasuk pembelian gas alam cair Java, including purchase of Liquified Natural Gas
(LNG) untuk diolah melalui FSRT dan pemasaran (LNG) and marketing of products arising from the
atas hasil olahan FSRT. Sampai tanggal 31 operations of FSRT. Until December 31, 2014, the
Desember 2014, Perusahaan melakukan Company paid the total investment amounting to
penyetoran investasi sebesar US$58.158.140 US$58,158,140 (equivalent to Rp553,076,000,000)
(setara dengan Rp553.076.000.000) yang which reflect the ownership interest of 40%.
mencerminkan persentase kepemilikan sebesar
40%.
Pada tanggal 28 Mei 2014 dan 30 Mei 2013, On May 28, 2014 and May 30, 2013, the Company
Perusahaan menerima pendapatan dividen dari has received dividend income from PT Nusantara
PT Nusantara Regas masing-masing untuk laba Regas for 2013 net income amounting to
bersih tahun 2013 sebesar US$16.136.097 dan US$16,136,097 and 2012 net income amounting to
tahun 2012 sebesar US$2.498.684. US$2,498,684, respectively.
Pada tahun 2004, Perusahaan melakukan In 2004, the Company has invested in shares of
penyertaan saham pada PT Gas Energi Jambi stock of PT Gas Energi Jambi, which is engaged in
yang bergerak dalam bidang transportasi dan transportation and distribution of natural gas, with
distribusi gas bumi, dengan investasi sebesar investment amounting to Rp1,000,000,000
Rp1.000.000.000 (setara dengan US$111.452) (equivalent to US$111,452) which
yang merupakan persentase kepemilikan sebesar represents 40% ownership interest. As of
40%. Pada tanggal 31 Desember 2014 dan 2013, December 31, 2014 and 2013, the carrying value of
nilai tercatat dari investasi adalah nihil sejalan the investment is nil in line with capital deficiency
dengan defisiensi modal yang dialami incurred in PT Gas Energi Jambi.
PT Gas Energi Jambi.
Perusahaan melakukan penyertaan saham pada The Company has invested in shares of stock of
PT Banten Gas Synergi yang bergerak dalam PT Banten Gas Synergi, which is engaged in
bidang transportasi dan distribusi gas bumi, transportation and distribution of natural gas, with
dengan harga perolehan sebesar Rp25.000.000 acquisition cost amounting to Rp25,000,000
(setara dengan US$2.718) yang merupakan (equivalent to US$2,718) which represents 1%
persentase kepemilikan sebesar 1%. Pada tanggal ownership interest. On November 14, 2012, the
14 November 2012, kepemilikan Perusahaan Companys ownership interest was changed to
berubah menjadi 0,14% dikarenakan adanya 0.14% due to there was an additional of shares
penambahan setoran modal di PT Banten Gas issuance in PT Banten Gas Synergi.
Synergi.
83
335 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Penyesuaian/
Pengurangan/
Penambahan/ Reklasifikasi/
Saldo Awal/ Reklasifikasi/ Adjustments/ Saldo Akhir/
Beginning Additions/ Deductions/ Ending
Balances Reclassifications Reclassifications Balances
Total akumulasi penyusutan 1.453.559.351 176.975.708 (8.129.471) 1.622.405.588 Total accumulated depreciation
Penyesuaian/
Pengurangan/
Penambahan/ Reklasifikasi/
Saldo Awal/ Reklasifikasi/ Adjustments/ Saldo Akhir/
Beginning Additions/ Deductions/ Ending
Balances Reclassifications Reclassifications Balances
Total akumulasi penyusutan 1.285.416.180 185.636.321 (17.493.150) 1.453.559.351 Total accumulated depreciation
84
336 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Pada tanggal 31 Desember 2014, aset tetap As of December 31, 2014, fixed assets are covered
Perusahaan diasuransikan terhadap kerugian by insurance against losses from fire and other
akibat kebakaran dan risiko lain berdasarkan risks under certain blanket policies for with sum
suatu paket polis tertentu dengan total nilai insured for onshore pipeline of US$50,000,000 for
pertanggungan untuk pipa onshore sebesar any one accident or occurrence of sum insured
US$50.000.000 untuk setiap kejadian kerugian totaling US$887,288,450 and offshore pipeline of
atas nilai pertanggungan sebesar US$340,040,079 for anyone accident or occurrence
US$887.288.450 dan pipa offshore sebesar and US$35,169,518 and Rp15,048,774,516,777 for
US$340.040.079 untuk setiap kejadian kerugian other assets.
dan US$35.169.518 dan Rp15.048.774.516.777
untuk aset lainnya.
Aset tetap Entitas Anak diasuransikan terhadap The Subsidiaries fixed assets are covered by
kerugian akibat kebakaran dan risiko lain insurance against losses from fire and other risks
berdasarkan suatu paket polis tertentu dengan total under certain blanket policies for with sum insured
nilai pertanggungan untuk pipa onshore sebesar for onshore pipeline of US$348,251,088 and
US$348.251.088 dan pipa offshore sebesar offshore pipeline of US$702,878,121 for any one
US$702,878,121 untuk setiap kejadian kerugian, accident or occurrence, US$11,163,897 and
sebesar US$11.163.897 dan Rp6.959.323.867 Rp6,959,323,867 for other assets.
untuk aset lainnya.
Manajemen Kelompok Usaha berpendapat bahwa The management of the Group believes that the
nilai pertanggungan tersebut cukup untuk menutupi sum insured are adequate to cover possible losses
kemungkinan kerugian atas aset yang from such risks.
dipertanggungkan.
Pada tanggal-tanggal 31 Desember 2014 dan As of December 31, 2014 and 2013, the cost of the
2013, jumlah harga perolehan aset tetap Kelompok Group's fixed assets which have been fully
Usaha yang telah disusutkan penuh dan masih depreciated and still used in the operational
digunakan dalam kegiatan operasional adalah activities amounted to US$110,467,795 and
masing-masing sebesar US$110.467.795 dan US$91,879,491, respectively.
US$91.879.491.
Pada tanggal-tanggal 31 Desember 2014 dan As of December 31, 2014 and 2013, the fair values
2013, nilai wajar aset tetap Perusahaan masing- of the Companys fixed assets approximately
masing adalah sekitar sebesar US$3.956.367.305 amounted to US$3,956,367,305 and
dan US$7.005.143.594. US$7,005,143,594, respectively.
85
337 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Aset kerjasama operasi merupakan tanah milik Joint venture assets represent the Companys
Perusahaan di Surabaya yang digunakan oleh land in Surabaya which is used by PT Citraagung
PT Citraagung Tirta Jatim untuk pembangunan Tirta Jatim for shopping centre development and
pusat perbelanjaan dan tanah milik Kantor Pusat Head Offices land in Jakarta which is used by
di Jakarta yang akan digunakan oleh PT Winatek PT Winatek Sinergi Mitra Bersama for
Sinergi Mitra Bersama untuk pembangunan pusat development of shopping center, parking facility
perbelanjaan, fasilitas parkir dan fasilitas and other supporting facilities (Note 40.7).
pendukung lainnya (Catatan 40.7).
Jangka waktu hak atas tanah (Hak Guna The terms of the landrights (Hak Guna
Bangunan) yang dimiliki oleh Kelompok Usaha Bangunan) owned by the Group will be expired in
akan berakhir pada berbagai tanggal mulai dari various dates from May 2022 to
Mei 2022 sampai April 2039 dan dapat April 2039 and can be extended.
diperpanjang.
Pada tanggal 31 Desember 2014 dan 2013, As of December 31, 2014 and 2013, the details of
perincian dari aset dalam penyelesaian terdiri dari: construction in progress consist of:
31 Desember/December 31,
2013
Disajikan kembali/
2014 As restated
PMO 1 PMO 1
Aset dalam penyelesaian dari PMO 1 terdiri dari: Construction in progress from PMO 1 consist of:
Jalur pipa Cikande Bitung (CP3B): 78,54% Cikande Bitung pipeline (CP3B) construction:
(tidak diaudit); 78.54% (unaudited);
Jalur pipa baja Muara Bekasi Muara Karang Muara Bekasi - Muara Karang (CP 9): 19.20%
(CP 9): 19,20% (tidak diaudit); (unaudited);
Paket Penyediaan Penyaluran Gas Muara Gas supply distribution Muara Karang Muara
Karang Muara Bekasi (PPGMM): 6,86% Bekasi (PPGMM): 6.86% (unaudited);
(tidak diaudit); Upgrading Garawangi & Sunyaragi Offtake
Upgrading Garawangi & Sunyaragi Offtake Station (CP 12): 19.03% (unaudit).
Station (CP 12): 19,03% (tidak diaudit).
Pada tanggal 31 Desember 2014, manajemen As of December 31, 2014, the Companys
Perusahaan memperkirakan persentase management estimated the percentage of
penyelesaian proyek dalam aspek keuangan completion of the project in financial terms is 48%
adalah sebesar 48% (tidak diaudit) (Catatan 47). (unaudited) (Note 47).
86
338 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
PMO 2 PMO 2
Aset dalam penyelesaian dari PMO 2 terdiri dari: Construction in progress of PMO 2 consists of:
Proyek Konsultan Manajemen (PMC) untuk Project Management Consultancy (PMC) for
relocation project SBU 2 dengan penyelesaian relocation project of SBU 2 with physical
fisik sebesar 30,64% (tidak diaudit); settlement of 30.64% (unaudited);
Pengadaan pipa region Jawa dengan Procurement of pipes Java region with physical
penyelesaian fisik sebesar 7,54% (tidak settlement of 7.54% (unaudited);
diaudit);
Pemasangan Pipa CP 19 terkait dengan Installation of CP 19 pipe in relation to
pekerjaan konstruksi jalur pipa Otsuka construction of Otsuka Purwosari pipeline
Purwosari dengan penyelesaian fisik sebesar with physical completion of 53.84%
53,84% (tidak diaudit). (unaudited).
Pada tanggal 31 Desember 2014 manajemen As of December 31, 2014 the Companys
Perusahaan memperkirakan persentase management estimated the percentage of
penyelesaian Wilayah 2 dalam aspek keuangan completion in financial terms of Area 2 is 27%
adalah sebesar 27% (tidak diaudit) (Catatan 47). (unaudited) (Note 47).
PMO 3 PMO 3
Aset dalam penyelesaian dari PMO 3 terdiri dari: Construction in progress of PMO 3 consists of:
Proyek LNG Floating Storage And
Regasification Facilities (FSRF) LNG Floating Storage And Regasification
Facilities (FSRF)
Proyek ini mencakup:
Pembangunan pipa offshore sepanjang The project is consists of:
kurang lebih 21 km dari fasilitas Construction of offshore pipeline in which
penambat (mooring system) ke landfall the approximate length is 21 km from
dan pipa onshore dengan panjang mooring system to landfall area and
kurang lebih 1 km dari landfall ke offshore pipeline with approximate length is
Fasilitas Penerima Onshore (ORF) di 1 km landfall area to Onshore receiving
Labuhan Maringgai; Facilities (ORF) in Labuhan Maringgai;
Pembagunan Fasilitas Penerima Construction of Onshoe receiving Facilities
Onshore (ORF) di Labuhan Maringgai (ORF) in Labuhan Maringgai with capacity
dengan kapasitas 240 mmfcfd; of 240 mmfcfd;
Pembangunan Off-Take Station (OTS) di Construction of Off-Take Station (OTS) in
Labuhan Maringgai dengan kapasitas 80 Labuhan Maringgai with a capacity of 80
mmscfd. mmscfd.
LNG FSRF ini merupakan fasilitas untuk LNG FSRF is a facility to support Floating
menunjang Floating Storage and Storage and Regasification Unit (FSRU).
Regasification Unit (FSRU). FSRU adalah FSRU is a vessel with storage capacity
sebuah vessel dengan kapasitas 170,000 m3. The FSRU will have send out
3
penyimpanan 170.000 m . FSRU tersebut rate LNG up to 240 mmscfd with send out
memiliki kapasitas send out rate LNG sampai pressure up to 1140 Psig. LNG transfer
dengan 240 mmfscd dengan send out system from LNG carrier to FSRU by ship to
pressure sebesar 1140 Psig. Proses transfer ship transfer method with capacity of loading
LNG dari LNG carrier ke FSRU menggunakan rate 5,000 m3 per hour. The construction of
metode ship to ship transfer dengan FSRU is supported with mooring system
3
kapasitas tingkat muatan 5.000 m per jam. facility.
Pembangunan FSRU ini dilengkapi dengan
mooring system.
87
339 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
16. ASET EKSPLORASI DAN EVALUASI DAN 16. EXPLORATION AND EVALUATION ASSETS
PROPERTI MINYAK DAN GAS AND OIL AND GAS PROPERTIES
a. Aset Eksplorasi dan Evaluasi a. Exploration and Evaluation Assets
Jumlah/
Amount
Saldo 31 Desember 2012 53.057 Balance December 31, 2012
Penambahan tahun berjalan - Additions during the year
Saldo 31 Desember 2013 53.057 Balance December 31, 2013
Penambahan tahun berjalan 12.210.940 Additions during the year
Penambahan karena akuisisi 480.100 Additions due to acquisition
Saldo 31 Desember 2014 12.744.097 Balance December 31, 2014
Saldo aset eksplorasi dan evaluasi pada The balance of exploration and evaluation
tanggal 31 Desember 2014 merupakan aset assets as of December 31, 2014, consists of
untuk blok CBM Lematang, blok South Sesulu, assets at CBM Lematang, South Sesulu, and
dan blok Bangkanai Barat dengan nilai West Bangkanai blocks amounting to
masing-masing US$53.057, US$12.010.865 US$53,057, US$12,010,865, and
dan US$680.175. US$680,175, respectively.
Penambahan aset eksplorasi dan evaluasi Additions to exploration and evaluation assets
karena akuisisi selama tahun 2014 merupakan in 2014 due to acquisition represents
akuisisi 100% dan 30% hak kepemilikan di acquisition of 100% and 30% participating
blok South Sesulu, dan blok Bangkanai Barat interests in South Sesulu and West Bangkanai
(Catatan 40). blocks (Note 40).
b. Properti Minyak dan Gas Neto b. Oil and Gas Properties - Net
31 Desember/December 31,
2013
Disajikan kembali/
2014 As restated
88
340 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
16. ASET EKSPLORASI DAN EVALUASI DAN 16. EXPLORATION AND EVALUATION ASSETS
PROPERTI MINYAK DAN GAS (lanjutan) AND OIL AND GAS PROPERTIES (continued)
b. Properti Minyak dan Gas Neto (lanjutan) b. Oil and Gas Properties Net (continued)
Pergerakan properti minyak dan gas adalah The movements in oil and gas properties as
sebagai berikut: follow:
Tahun yang berakhir pada tanggal 31 Desember 2014/Year ended December 31, 2014
Saldo awal/ Saldo akhir/
Blok/ Lokasi/ Beginning Penambahan/ Akuisisi/ Pengurangan/ Ending
Blocks Location balance Addition Acquisition Deduction balance
Agustus 2014 South East Sumatra 8,91% KNOC Sumatera Limited US$49.901.448
Pada tanggal 31 Desember 2014, seluruh As of December 31, 2014, all wells and related
sumur, perlengkapan dan fasilitas terkait equipment and facilities were insured amounting
diasuransikan dengan nilai pertanggungan to US$100,000,000.
sebesar US$100.000.000.
Uji penurunan nilai atas properti minyak Impairment test on oil and gas properties
dan gas
Pengujian penurunan nilai atas properti Impairment test on oil and gas properties is
minyak dan gas dilakukan ketika terdapat performed when circumstances indicate the
suatu indikasi bahwa nilai tercatat properti CGUs carrying value may be impaired. In this
minyak dan gas tersebut mengalami matter, the management of the Group
penurunan. Dalam hal ini, manajemen determined the participating interests in the
Kelompok usaha menentukan hak kepemilikan respective blocks as a CGU.
pada masing-masing blok sebagai satu UPK.
89
341 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
16. ASET EKSPLORASI DAN EVALUASI DAN 16. EXPLORATION AND EVALUATION ASSETS
PROPERTI MINYAK DAN GAS (lanjutan) AND OIL AND GAS PROPERTIES (continued)
b. Properti Minyak dan Gas - Neto (lanjutan) b. Oil and Gas Properties - Net (continued)
Menimbang kondisi harga spot minyak dan Considering the current situation of the spot
gas saat ini, manajemen Kelompok Usaha price of oil and gas, the management of the
melakukan pengujian penurunan nilai atas Group performed impairment testing on the
UPK yang terdampak, yaitu UPK yang hasil affected CGUs, which the products are sold
produksinya dijual dengan harga spot. under spot price.
Berdasarkan hasil pengujian ulang penurunan Based on the reassessment of impairment
nilai pada tanggal 31 Desember 2013, test as of December 31, 2013, the Group
Kelompok Usaha mengakui rugi penurunan recognized impairment losses on Pangkah
untuk Blok Pangkah sebesar US$23.475.745. block amounting to US$23,475,745.
Berdasarkan hasil pengujian penurunan nilai Based on the result of the impairment test as
pada tanggal 31 Desember 2014, Kelompok of December 31, 2014, the Group recognized
Usaha mengakui rugi penurunan nilai properti impairment losses on oil and gas properties of
minyak dan gas untuk Blok Fasken, Ketapang, Fasken, Ketapang and South East Sumatera
dan South East Sumatera masing-masing blocks amounting to US$11,068,096,
sebesar US$11.068.096, US$12.681.022, dan US$12,681,022 and US$10,912,425,
US$10.912.425. Kelompok Usaha memulihkan respectively. In addition, the Group reversed
kerugian penurunan nilai properti minyak dan the previously recognized impairment loss on
gas blok Pangkah yang diakui pada tanggal oil and gas properties of Pangkah block as of
31 Desember 2013 sebesar US$21.594.645 December 31, 2013 amounting to
sebagai hasil dari perubahan positif pada US$21,594,645 resulted from a positive
estimasi yang digunakan untuk menentukan change in the estimates used to determine
nilai yang dapat dipulihkan sejak penurunan the assets recoverable amounts since the
nilai pertama kali diakui. impairment losses were initially recognized.
2013
Disajikan kembali/
2014 As restated
Dalam menguji apakah penurunan nilai In assessing whether impairment is required the
dibutuhkan, nilai tercatat setiap UPK carrying value of the respective CGUs are
dibandingkan dengan jumlah terpulihkan compared with their respective recoverable
masing-masing UPK tersebut. Jumlah amounts. The recoverable amount has been
terpulihkan ditentukan berdasarkan nilai pakai determined based on a value-in-use calculation
yang dihitung berdasarkan proyeksi arus kas using cash flow projections from financial
yang didasarkan pada anggaran/prakiraan budgets approved by senior management
keuangan yang disetujui oleh manajemen covering a five-year period and no growth rate is
senior mencakup periode 5 tahun dan tidak assumed for cash flows beyond five year period.
diasumsikan adanya pertumbuhan atas arus
kas melebihi periode 5 tahun.
90
342 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
16. ASET EKSPLORASI DAN EVALUASI DAN 16. EXPLORATION AND EVALUATION ASSETS
PROPERTI MINYAK DAN GAS (lanjutan) AND OIL AND GAS PROPERTIES (continued)
b. Properti Minyak dan Gas Neto (lanjutan) b. Oil and Gas Properties Net (continued)
Perhitungan nilai pakai untuk properti minyak The calculation of value in use for Pangkah
dan gas sangat sensitif terhadap asumsi- CGU is most sensitive to the following
asumsi di bawah ini: assumptions:
a. Lifting a. Lifting
b. Harga b. Prices
c. Tingkat diskonto c. Discount rates
d. Beban operasi dan modal d. Operating and capital expenses
Lifting: Lifting tahunan yang diproyeksikan ini Lifting: The projected annual lifting is based
berdasarkan rencana bisnis manajemen on management business plan considering
dengan mempertimbangkan kondisi saat ini the current conditions and future
dan ekspektasi masa depan. expectations.
Harga: Harga perkiraan minyak, gas dan LPG Prices: Forecasted oil, gas and LPG prices
didasarkan pada estimasi manajemen dan are based on managements estimates and
data pasar yang tersedia. available market data.
Tingkat diskonto: Tingkat diskonto berasal dari Discount rates: Discount rates are derived
Biaya Modal Rata-rata Tertimbang setelah from the post-tax Weighted Average Cost of
pajak (post-tax Weighted Average Cost of Capital (WACC), with appropriate
Capital atau WACC), dengan penyesuaian adjustments made to reflect the risks specific
yang dilakukan untuk mencerminkan risiko to the oil and gas properties and to determine
khusus untuk properti minyak dan gas, dan the pre-tax rate. The WACC takes into
untuk menentukan tingkat sebelum pajak. account both debt and equity, weighted 20%
WACC memperhitungkan, baik utang maupun and 80%, respectively. The cost of equity is
ekuitas, dengan bobot masing-masing 20% equal to the return on risk-free securities plus
dan 80%. Biaya ekuitas sama dengan imbal the equity risk premium adjusted for the
hasil dari sekuritas yang bebas risiko ditambah Group systematic risk. The cost of debt is
dengan premi risiko ekuitas yang disesuaikan based on the overall estimate of the weighted
untuk risiko sistematis Kelompok Usaha. Biaya average cost of debt finance for the Group as
utang didasarkan pada perkiraan menyeluruh if it were refinancing all of its debt at the
atas biaya rata-rata tertimbang pembiayaan valuation date. Asset-specific risk is
Kelompok Usaha seolah-olah pembiayaanya incorporated by applying individual beta
menggunakan utang pada tanggal penilaian. factors. The pre-tax WACC are as follows:
Risiko khusus aset diperhitungkan melakui
dimasukkannya faktor beta individual. Tingkat
diskonto sebelum pajak adalah sebagai
berikut:
91
343 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
16. ASET EKSPLORASI DAN EVALUASI DAN 16. EXPLORATION AND EVALUATION ASSETS
PROPERTI MINYAK DAN GAS (lanjutan) AND OIL AND GAS PROPERTIES (continued)
b. Properti Minyak dan Gas - Neto (lanjutan) b. Oil and Gas Properties - Net (continued)
Beban operasi dan modal: Asumsi ini Operating and capital expenses: These
didasarkan pada perencanaan beban operasi assumptions are based on the Groups
dan modal Kelompok Usaha. Manajemen operating and capital expenses plan. The
memiliki kontrol penuh atas biaya, dan management has full control over the costs,
percaya bahwa asumsi akan tercapai. and believes that assumptions will be
achievable.
Perubahan terhadap asumsi yang digunakan Changes to the assumptions used by the
oleh manajemen dalam menentukan jumlah management to determine the recoverable
terpulihkan, khususnya tingkat diskonto dan amount, in particular the discount rate, can
tingkat pertumbuhan, dapat berdampak have significant impact on the result of the
signifikan pada hasil pengujian. Manajemen impairment assessment. Management is of
Kelompok Usahan berkeyakinan bahwa tidak the opinion that there was no reasonably
terdapat kemungkinan yang beralasan bahwa possible change in any of the key
asumsi utama tersebut di atas dapat berubah assumptions stated above that would cause
sehingga nilai tercatat goodwill masing- the carrying amount of the goodwill allocated
masing UPK menjadi lebih tinggi dari nilai to the CGU to materially exceed its
yang terpulihkan secara material. recoverable amount.
Berdasarkan penelaahan atas aset minyak Based on the review of the individual oil and
dan gas secara individu, manajemen gas properties, the management believes that
berkeyakinan bahwa tidak diperlukan no further impairment in value of oil and gas
cadangan penurunan nilai lebih lanjut atas properties is necessary as of December 31,
aset minyak dan gas pada tanggal 2014 and 2013.
31 Desember 2014 dan 2013.
92
344 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
17. GOODWILL DAN ASET TAK BERWUJUD 17. GOODWILL AND OTHER INTANGIBLE ASSETS
LAINNYA
Akun ini terdiri dari: This account consist of:
Piranti lunak Biaya
komputer/ perpanjangan
Goodwill/ Computer hak atas tanah/ Total/
Goodwill software Land rights Total
Saldo 31 Desember 2014 88.058.404 2.895.296 1.833.347 92.787.046 Balance December 31, 2014
Saldo 31 Desember 2014 (40.767.201) (704.186) (371.443) (41.842.829) Balance December 31, 2014
Saldo 31 Desember 2014 47.291.203 2.191.110 1.461.904 50.944.217 Balance December 31, 2014
93
345 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
17. GOODWILL DAN ASET TAK BERWUJUD 17. GOODWILL AND OTHER INTANGIBLE ASSETS
LAINNYA (lanjutan) (continued)
Pada bulan Juni 2013, SEI melakukan akuisisi atas In June 2013, SEI acquired 100% equity interests in
100% kepemilikan saham pada SIP, entitas non- SIP, a private company incorporated in Netherlands
publik yang didirikan di Belanda dan memiliki 25% and has ownership of 25% of participating interest in
hak kepemilikan atas Blok Ujung Pangkah. Ujung Pangkah Block.
Pada bulan Januari 2014, SIP melakukan akuisisi In January 2014, SIP acquired 100% equity interests
atas 100% kepemilikan saham pada HIPL dan in HIPL and HPLLC. HIPL and HPLLC are private
HPLLC. HIPL dan HPLLC adalah entitas non-publik companies having 65% and 10% participating
yang memiliki masing-masing sebesar 65% dan interest in Ujung Pangkah PSC, respectively. Thus,
10% hak kepemilikan atas Ujung Pangkah PSC. as of December 31, 2014, the Group has 100%
Dengan demikian pada tanggal 31 Desember participating interest in Ujung Pangkah Block.
2014, Kelompok Usaha memiliki 100% hak
kepemilikan atas Blok Ujung Pangkah.
Saldo goodwill yang timbul dari akuisisi diatas Goodwill arises from the above acquisitions
timbul terutama dari faktor-faktor berikut: principally because of the following factors:
1) Nilai kesinambungan usaha yang terkandung 1) The going concern value implicit in the Groups
dalam kemampuan untuk mempertahankan ability to sustain and/or grow the business by
dan mengembangkan usaha Kelompok Usaha increasing reserves and resources through new
dengan meningkatkan cadangan dan sumber discoveries.
melalui penemuan baru.
2) Entry strategis untuk memperoleh tambahan 2) The strategic entry point to obtain additional
participating interest pada blok Ujung participating interest in Ujung Pangkah block.
Pangkah.
3) Persyaratan pengakuan aset dan liabilitas 3) The requirement to recognize deferred tax
pajak tangguhan atas perbedaan nilai wajar assets and liabilities for the difference between
yang dialokasikan dengan dasar pengenaan the assigned fair values and the tax bases of
pajak dari aset teridentifikasi yang diperoleh assets acquired and liabilities assumed in a
dan liabilitas yang diambil alih dalam business combination at amounts that do not
kombinasi bisnis yang tidak mencerminkan reflect fair value.
nilai wajar.
Goodwill tersebut tidak diharapkan dapat Goodwill is not expected to be deductible for tax
dikurangkan untuk tujuan pelaporan pajak. purposes.
i. Akuisisi SIP (dahulu Kufpec Indonesia i. Acquisition of SIP (formerly Kufpec Indonesia
Pangkah (Pangkah) B.V) Pangkah (Pangkah) B.V)
Nilai wajar final dari aset dan liabilitas The final fair values of the identifiable assets and
teridentifikasi SIP pada tanggal akuisisi liabilities of SIP as at the date of acquisition
(26 Juni 2013) adalah: (June 26, 2013) were:
Nilai Wajar
(Catatan 4)/
Fair Value
(Note 4)
Aset Assets
Kas dan setara kas 23.587 Cash and cash equivalents
Piutang lain-lain 25.318.546 Other receivables
Persediaan 7.577.980 Inventories
Beban dibayar dimuka 4.810.491 Prepaid expenses
Pajak dibayar dimuka 11.921.146 Prepaid taxes
Properti minyak dan gas 243.256.222 Oil and gas properties
Sub-total 292.907.972 Sub-total
94
346 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
17. GOODWILL DAN ASET TAK BERWUJUD 17. GOODWILL AND OTHER INTANGIBLE ASSETS
LAINNYA (lanjutan) (continued)
i. Akuisisi SIP (dahulu Kufpec Indonesia i. Acquisition of SIP (formerly Kufpec Indonesia
Pangkah (Pangkah) B.V) (lanjutan) Pangkah (Pangkah) B.V) (continued)
Nilai Wajar
(Catatan 4)/
Fair Value
(Note 4)
Liabilitas Liabilities
Utang lain-lain 29.034.950 Other payables
Liabilitas jangka panjang imbalan kerja 1.238.787 Long term liability for employees benefits
Utang kepada pihak berelasi 8.459.834 Loan to related party
Liabilitas pajak tangguhan, neto 12.605.626 Deferred tax liability, net
Liabilitas pembongkaran aset dan Asset abandonment and restoration
restorasi area dan provisi lain-lain 17.250.083 obligations and other provisions
Sub-total 68.589.280 Sub-total
Nilai wajar aset neto teridentifikasi 224.318.692 Total identifiable net assets at fair values
Goodwill atas akuisisi 35.533.126 Goodwill arising on acquisition
Imbalan pembelian yang dialihkan 259.851.818 Purchase consideration transferred
95
347 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
17. GOODWILL DAN ASET TAK BERWUJUD 17. GOODWILL AND OTHER INTANGIBLE ASSETS
LAINNYA (lanjutan) (continued)
i. Akuisisi SIP (dahulu Kufpec Indonesia i. Acquisition of SIP (formerly Kufpec Indonesia
Pangkah (Pangkah) B.V) (lanjutan) Pangkah (Pangkah) B.V) (continued)
Sehubungan dengan penyesuaian yang In connection with adjusment made on the fair
dilakukan atas nilai wajar aset neto value of the identifiable net assets which impact
teridentifikasi yang mempengaruhi jumlah the balance of goodwill from the acquisition, the
goodwill dari akuisisi tersebut, Kelompok Group reassessed the goodwill impairment test
Usaha mengevaluasi ulang atas pengujian performed as of December 31, 2013. Goodwill
penurunan nilai yang dilakukan pada tanggal amounting to US$35,533,126 is allocated
31 Desember 2013. Goodwill sebesar entirely to oil and gas properties of SIP. SIP
US$35.533.126 dialokasikan sepenuhnya CGU forms part of the oil and gas reportable
kepada properti minyak dan gas dari SIP. UPK segment. As a result of this analysis as of
SIP merupakan bagian dari segmen minyak December 31, 2013, management determined
dan gas yang dilaporkan. Dari hasil analisa that goodwill from acquisition of SIP was fully
tersebut, pada tanggal 31 Desember 2013, impaired and impairment recognized on oil and
manajemen menentukan bahwa goodwill yang gas properties amounted to US$23,475,745
timbul dari akuisisi SIP tidak terpulihkan (Note 16).
seluruhnya dan properti minyak dan gas
mengalami penurunan nilai sebesar
US$23.475.745 (Catatan 16).
ii. Akuisisi SIPL (dahulu Hess (Indonesia ii Acquisition of SIPL (formerly Hess
Pangkah) Limited) (Indonesia Pangkah) Limited)
Nilai wajar dari aset dan liabilitas teridentifikasi The fair values of the identifiable assets and
Hess (Indonesia Pangkah) Limited pada liabilities of Hess (Indonesia Pangkah) Limited
tanggal akuisisi (10 Januari 2014) adalah: as at the date of acquisition (January 10, 2014)
were:
Nilai Wajar/
Fair Value
Aset Assets
Kas dan setara kas 19.416.567 Cash and cash equivalents
Piutang 49.081.311 Receivables
Persediaan 16.759.843 Inventories
Properti minyak dan gas 587.602.431 Oil and gas properties
Aset lain-lain 20.766.211 Other assets
Sub-total 693.626.363 Sub-total
Liabilitas Liabilities
Utang usaha 11.025.387 Trade payables
Liabilitas yang masih harus dibayar 54.937.250 Accrued expenses
Utang lain-lain 5.597.872 Other payables
Utang pajak 38.666.939 Taxes payables
Liabilitas jangka panjang imbalan kerja 6.286.448 Long term liability for employee benefits
Liabilitas pajak tangguhan, neto 20.433.594 Deferred tax liability, net
Liabilitas pembongkaran aset dan Asset abandonment and restoration
restorasi area dan provisi lain-lain 31.257.512 obligations and other provisions
Sub-total 168.205.002 Sub-total
Nilai wajar aset neto teridentifikasi 525.421.361 Total identifiable net assets at fair values
Goodwill atas akuisisi 39.341.881 Goodwill arising on acquisition
Imbalan pembelian yang dialihkan 564.763.242 Purchase consideration transferred
96
348 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
17. GOODWILL DAN ASET TAK BERWUJUD 17. GOODWILL AND OTHER INTANGIBLE ASSETS
LAINNYA (lanjutan) (continued)
ii. Akuisisi SIPL (dahulu Hess (Indonesia ii Acquisition of SIPL (formerly Hess
Pangkah) Limited) (lanjutan) (Indonesia Pangkah) Limited) (continued)
iii. Akuisisi SP (dahulu Hess Pangkah LLC) iii Acquisition of SP (formerly Hess Pangkah
LLC)
Nilai wajar dari aset dan liabilitas teridentifikasi The fair values of the identifiable assets and
Hess Pangkah LLC pada tanggal akuisisi liabilities of Hess Pangkah LLC as at the date of
(10 Januari 2014) adalah: acquisition (January 10, 2014) were:
Nilai Wajar/
Fair Value
Aset Assets
Kas dan setara kas 950.648 Cash and cash equivalents
Piutang 4.390.062 Receivables
Persediaan 2.652.939 Inventories
Beban dibayar dimuka 122.180 Prepaid expenses
Properti minyak dan gas 90.400.374 Oil and gas properties
Sub-total 98.516.203 Sub-total
Liabilitas Liabilities
Utang usaha 1.306.286 Trade payables
Liabilitas yang masih harus dibayar 8.495.588 Accrued expenses
Liabilitas jangka panjang imbalan kerja 628.645 Long term liability for employee benefits
Utang pajak 5.880.879 Tax payables
Liabilitas pajak tangguhan, neto 1.022.976 Deferred tax liability, net
Liabilitas pembongkaran aset dan restorasi Asset abandonment and restoration
area dan provisi lain lain 4.808.848 obligation and other provision
Sub-total 22.143.222 Sub-total
Nilai wajar aset neto teridentifikasi 76.372.981 Total identifiable net assets at fair values
Goodwill atas akuisisi 13.128.019 Goodwill arising on acquisition
Imbalan pembelian yang dialihkan 89.501.000 Purchase consideration transferred
97
349 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
17. GOODWILL DAN ASET TAK BERWUJUD 17. GOODWILL AND OTHER INTANGIBLE ASSETS
LAINNYA (lanjutan) (continued)
iv. Akuisisi iv. Acquisition
Nilai wajar dari aset dan liabilitas The fair values of the identifiable assets and
teridentifikasi SROL pada tanggal akuisisi liabilities of SROL as at the date of acquisition
(16 Desember 2014) adalah: (December 16, 2014) were:
Nilai Wajar
Sementara/
Provisional
Fair Value
Aset Assets
Piutang dan aset lain-lain 316.378 Receivable and Other Assets
Persediaan 235.624 Inventories
Pajak dibayar di muka 6.729.357 Prepaid taxes
Properti minyak dan gas 101.051.000 Oil and gas properties
Sub-total 108.332.359 Sub-total
Liabilitas Liabilities
Utang usaha dan utang lain-lain 55.763.801 Trade and other payables
Liabilitas pajak tangguhan 1.184.830 Deffered tax liabilities
Liabilitas pembongkaran aset dan Asset abandonment and restoration
restorasi area dan provisi lain-lain 5.376.413 obligations and other provisions
Sub-total 62.325.044 Sub-total
Nilai wajar aset neto teridentifikasi 46.007.315 Total identifiable net assets at fair values
Keuntungan dari pembelian dengan diskon (5.604.315) Gain on bargain purchase
Imbalan pembelian yang dialihkan 40.403.000 Purchase consideration transferred
Keuntungan dari pembelian dengan diskon The gain on bargain purchase is presented under
disajikan pada akun Keuntungan dari Pembelian Gain on Bargain Purchase in the statement of
dengan Diskon pada laporan laba rugi comprehensive income. Management of The Group
komprehensif. Manajemen Kelompok Usaha believes that it was able to acquire SROL with
berpendapat bahwa Akuisisi SROL dengan harga purchase consideration less than the fair value of its
pembelian yang lebih rendah dari nilai wajarnya assets because of sellers urgency to monetize the
dikarenakan penjual ingin segera memonetisasi assets, no comparative bid from other party and
asetnya, tidak ada penawar lain dalam akuisisi ini tight-fisted negotiation process.
dan proses negosiasi yang berlangsung ketat.
Nilai tercatat goodwill pada tanggal 31 Desember Carrying amount of goodwill as at December 31,
2014 dan 2013 adalah sebagai berikut: 2014 and 2013 are as follows:
31 Desember/December 31,
2013
Disajikan kembali/
2014 As restated
Berasal dari akuisisi bisnis minyak dan gas: Arising from acquisition of oil and gas business:
CGU - Saka Indonesia Pangkah Ltd. 39.341.881 - CGU - Saka Indonesia Pangkah Ltd.
CGU - Saka Indonesia Pangkah LLC. 7.893.944 - CGU - Saka Indonesia Pangkah LLC
Berasal dari akuisisi bisnis lainnya 55.378 55.378 Arising from acquisition of other business
Pengujian penurunan nilai atas goodwill dilakukan Goodwill is tested for impairment annually together
secara tahunan bersamaan dengan pengujian atas with the CGU to which such goodwill was allocated,
UPK dimana goodwill tersebut dialokasikan, dan and when circumstances indicate that the CGUs
ketika terdapat suatu indikasi bahwa nilai tercatat carrying value may be impaired.
UPK tersebut mengalami penurunan.
98
350 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
17. GOODWILL DAN ASET TAK BERWUJUD 17. GOODWILL AND OTHER INTANGIBLE ASSETS
LAINNYA (lanjutan) (continued)
Uji penurunan nilai terhadap Goodwill (lanjutan) Impairment testing on Goodwill (continued)
Berdasarkan hasil pengujian pada tanggal Based on the result of the impairment test as of
31 Desember 2014 dan 2013, Kelompok Usaha December 31, 2014 and 2013, the Group recognized
mengakui rugi penurunan nilai goodwill yang impairment losses on goodwill allocated to Pangkah
dialokasikan ke Blok Pangkah masing-masing Block amounting to US$5,234,075 and
sebesar US$5.234.075 dan US$35.533.126. US$35,533,126, respectively.
Dalam menguji apakah penurunan nilai goodwill In assessing whether impairment on goodwill is
diperlukan, nilai tercatat goodwill dialokasikan ke required, the carrying value of goodwill is allocated to
aset atau UPK yang relevan untuk mendapatkan the relevant assets or CGU to obtain combined
nilai tercatat kombinasian. Nilai tercatat carrying value. The combined carrying value is
kombinasian tersebut dibandingkan dengan nilai compared with CGUs recoverable amount. The
terpulihkan UPK. Nilai terpulihkan adalah jumlah recoverable amount is the higher of the CGUs fair
yang lebih besar antara nilai wajar UPK dikurangi value less costs to sell and value in use (Note 16).
biaya untuk menjual dan nilai pakai (Catatan 16).
Jumlah terpulihkan goodwill ditentukan The recoverable amount of goodwill has been
berdasarkan perhitungan nilai pakai yang dihitung determined based on a value in use calculation using
bedasarkan proyeksi arus kas dari rencana usaha cash flow projections from the business plan
yang telah disetujui oleh manajemen senior approved by senior management covering 12-years
mencakup periode 12 tahun (jumlah tahun sejak period (number of years from 2015 up to termination
2015 sampai dengan berakhirnya PSC Pangkah). of Pangkah PSC). The projected cash flows have
Arus kas yang diproyeksikan diperbaharui untuk been updated to reflect the significant decline in oil
mencerminkan penurunan yang signifikan atas price. The pre-tax discount rate applied to the cash
harga minyak. Tingkat diskonto sebelum pajak flow projections is at 19% in 2014 (Note 16).
yang digunakan dalam proyeksi arus kas pada
tahun 2014 adalah 19% (Catatan 16).
Perhitungan nilai pakai untuk properti minyak dan The calculation of value in use for Pangkah CGU is
gas sangat sensitif terhadap asumsi-asumsi di most sensitive to the following assumptions:
bawah ini:
a. Lifting a. Lifting
b. Tingkat diskonto b. Discount rates
c. Harga c. Prices
d. Beban operasi dan modal d. Operating and capital expenses
Lifting: Lifting tahunan yang diproyeksikan ini Lifting: The projected annual lifting is based on
berdasarkan rencana bisnis manajemen dengan management business plan considering the current
mempertimbangkan kondisi saat ini dan ekspektasi conditions and future expectations.
masa depan.
Tingkat diskonto: tingkat diskonto sebelum pajak Discount rates: The pre-tax discount rates used as
yang digunakan masing-masing pada tanggal of December 31, 2014 and 2013 amounted to 19%
31 Desember 2014 dan 2013 adalah sebesar 19% and 17%, respectively which derived from the post-
dan 17% merupakan Biaya Modal Rata-rata tax weighted average cost of capital (WACC).
Tertimbang setelah pajak (WACC).
Harga: Harga perkiraan minyak, gas dan LPG Prices: Forecasted oil, gas and LPG prices are
didasarkan pada estimasi manajemen dan data based on managements estimates and available
pasar yang tersedia. market data.
99
351 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
17. GOODWILL DAN ASET TAK BERWUJUD 17. GOODWILL AND OTHER INTANGIBLE ASSETS
LAINNYA (lanjutan) (continued)
Uji penurunan nilai terhadap Goodwill (lanjutan) Impairment testing on Goodwill (continued)
Beban operasi dan modal: Asumsi ini didasarkan Operating and capital expenses: These
pada perencanaan beban operasi dan modal assumptions are based on the Groups operating
Kelompok Usaha. Manajemen memiliki kontrol and capital expenses plan. The management has
penuh atas biaya, dan percaya bahwa asumsi akan full control over the costs, and believes that
tercapai. assumptions will be achievable.
Perubahan terhadap asumsi yang digunakan oleh Changes to the assumptions used by the
manajemen dalam menentukan jumlah terpulihkan, management to determine the recoverable amount,
khususnya tingkat diskonto dan tingkat in particular the discount rate, can have significant
pertumbuhan, dapat berdampak signifikan pada impact on the result of the impairment assessment.
hasil pengujian. Manajemen Kelompok Usahan Management is of the opinion that there was no
berkeyakinan bahwa tidak terdapat kemungkinan reasonably possible change in any of the key
yang beralasan bahwa asumsi utama tersebut di assumptions stated above that would cause the
atas dapat berubah sehingga nilai tercatat goodwill carrying amount of the goodwill allocated to the CGU
masing-masing UPK menjadi lebih tinggi dari nilai to materially exceed its recoverable amount.
yang terpulihkan secara material.
2013
Disajikan kembali/
2014 As restated
100
352 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Analisa umur utang usaha dihitung sejak tanggal The aging analysis of trade payables based on
faktur adalah sebagai berikut: invoice dates are as follows:
31 Desember/December 31,
2013
Disajikan kembali/
2014 As restated
Utang usaha tidak dikenakan bunga dan umumnya Trade payables are non-interest bearing and are
dibayar antara 10 sampai 30 hari sejak tanggal normally settled within 10 to 30 days since invoice
faktur diterima. were received.
Utang usaha atas pembelian gas bumi ke The outstanding payable to Pertamina for the gas
Pertamina telah diperhitungkan piutang usaha atas purchases has been calculated by the trade
penjualan gas ke Stasiun Pengisian Bahan Bakar receivables totaling US$24,839 and US$15,439 as
(SPBG) milik Pertamina di Jakarta dan piutang atas of December 31, 2014 and 2013, respectively,
transportasi gas ke pelanggan tertentu Pertamina relating to the sale of gas to Pertaminas fuel gas
sejumlah US$24.839 dan US$15.439 masing- filling stations (SPBG) in Jakarta and gas
masing pada tanggal 31 Desember 2014 dan 2013 transmission to certain Pertaminas customers
(Catatan 40.1.). (Note 40.1.).
31 Desember/December 31,
2013
Disajikan kembali/
2014 As restated
Bank of Tokyo Mitsubishi - UFJ (BTMU) Bank of Tokyo Mitsubishi - UFJ (BTMU)
Berdasarkan perjanjian No. 13-0931LN tanggal Based on the Loan Agreement No. 13-0931LN
27 Desember 2013, BTMU menyetujui untuk dated December 27, 2013, BTMU agreed to provide
memberikan pinjaman jangka pendek kepada short-term loan to the Company amounting to
Perusahaan senilai US$200.000.000 untuk US$200,000,000 to support general corporate
mendukung modal kerja. Jangka waktu fasilitas purposes. The term of the credit facility is valid for
kredit adalah 12 bulan sejak tanggal 12 months since December 27, 2013 and subject to
27 Desember 2013 dan dikenakan tingkat suku three months BBA LIBOR interest rate plus margin
bunga BBA LIBOR tiga bulan ditambah margin of 1.25% per annum and upfront fee of 0.20%. In
sebesar 1,25% per tahun dan biaya upfront fee June 2014, the Company has fully repaid this loan.
0,20%. Pada bulan Juni 2014, Perusahaan telah
melunasi pinjaman ini.
101
353 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
PT Bank Sumitomo Mitsui Indonesia (BSMI) PT Bank Sumitomo Mitsui Indonesia (BSMI)
Berdasarkan perjanjian No. BSMI/NS/0298 Based on the Loan Agreement No. BSMI/NS/0298
tanggal 24 Desember 2013, BSMI menyetujui dated December 24, 2013, BSMI agreed to provide
untuk memberikan pinjaman jangka pendek short-term loan to the Company amounting to
kepada Perusahaan senilai US$100.000.000 US$100,000,000 to support general corporate
untuk mendukung modal kerja. Jangka waktu purposes. The term of the credit facility is valid for 12
fasilitas kredit adalah 12 bulan sejak tanggal months since December 24, 2013 and subject to
24 Desember 2013 dan dikenakan tingkat suku three months BBA LIBOR interest rate plus margin
bunga BBA LIBOR tiga bulan ditambah margin of 1.25% per annum and upfront fee and
sebesar 1,25% per tahun dan biaya upfront fee commitment fee of 0.20%. In June 2014, the
dan komitmen sebesar 0,20%. Pada bulan Juni Company has fully repaid this loan.
2014, Perusahaan telah melunasi pinjaman ini.
31 Desember/December 31,
2013
Disajikan kembali/
2014 As restated
Liabilitas kepada kontraktor dan pemasok Liabilities to contractors and suppliers represents
merupakan liabilitas sehubungan dengan mainly liabilities related to the construction of
pembangunan gedung PMO 2 dan PMO 3 building for PMO 2 and PMO 3 (Note 15
(Catatan 15 dan 21). and 21).
102
354 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Utang cash call merupakan utang kepada Cash call payables represent payables to operator
operator yang berkaitan dengan kegiatan related with operational activities in Ujung
operasional di blok Ujung Pangkah, Fasken, Pangkah, Fasken, Bangkanai Barat, Muriah, and
Bangkanai Barat, Muriah, dan Ketapang. Ketapang blocks.
Utang jaminan gas merupakan uang jaminan gas Gas guarantee deposits payable represents gas
yang diterima oleh Perusahaan dari pelanggan deposits received by the Company from the
dalam rangka transaksi penjualan gas. customers in relation to the gas sales
transactions.
Utang lancar Iainnya kepada PT Riau Andalan Other payables to PT Riau Andalan Pulp and
Pulp and Paper (RAPP) terkait dengan Perjanjian Paper (RAPP) is related to Gas Sales and
Jual Beli Gas (PJBG). Berdasarkan perjanjian ini, Purchase Agreement (GSPA). Based on this
RAPP bersedia menyediakan fasilitas-fasilitas agreement, RAPP agreed to build facilities such
seperti jaringan pipa gas, metering station dan as gas pipelines, metering station and other
fasilitas Iainnya yang kemudian akan facilities and those will be compensated by usage
dikompensasi dengan pemakaian gas oleh RAPP. of gas by RAPP.
Utang lain-lain pembelian barang dan jasa terkait Other payables purchase of goods and services
utang kepada pemasok terkait dengan pembelian related to payables to suppliers for purchase of
barang dan jasa. goods and services.
Liabilitas kepada ConocoPhillips (Grissik) Ltd. Liability to ConocoPhillips (Grissik) Ltd. represents
merupakan utang atas pemakaian gas untuk liability for the usage of gas in order to operate the
pengoperasian kompresor milik Transgasindo. Transgasindos compressors.
103
355 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
2013
Disajikan kembali/
2014 As restated
a. Liabilitas atas aktivitas minyak dan gas a. Liabilities for oil and gas activities
Liabilitas atas aktivitas minyak dan gas Liabilities for oil and gas activities represent
merupakan liabilitas yang berkaitan dengan liabilities relating to oil and gas exploration and
aktivitas eksplorasi dan produksi minyak dan production activities.
gas.
b. Bunga b. Interests
Biaya bunga yang masih harus dibayar pada Accrued interest as of December 31, 2014
tanggal 31 Desember 2014 terdiri dari akrual consists of interest on loans amounting to
biaya bunga pinjaman sebesar US$2.711.722 US$2,711,722 (2013: US$3,342,068) (Note 22)
(2013: US$3.342.068) (Catatan 22) dan bunga and interest on bonds payable amounting to
utang obligasi sebesar US$8.440.625 US$8,440,625 (Note 23).
(Catatan 23).
104
356 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
21. LIABILITAS YANG MASIH HARUS DIBAYAR 21. ACCRUED LIABILITIES (continued)
(lanjutan)
Pada tanggal 30 Januari 2006, Pemerintah On January 30, 2006, the Government issued
menetapkan Peraturan Pemerintah No. 1/2006 Government Regulation No. 1/2006 which
di mana perusahaan yang bergerak dalam requires companies engaged in gas distribution
bidang distribusi dan pengangkutan gas bumi and transportation to pay contribution charges to
wajib membayar iuran kepada Badan Pengatur Regulatory Body (BPH Migas) at the amount of
(BPH Migas) sebesar 0,3% dari volume 0.3% from volume of natural gas sales distributed
penjualan distribusi gas bumi dikali tarif times distribution tariff and 3% from volume of
distribusi dan 3% dari volume pengangkutan gas transported times transportation tariff.
gas bumi dikali tarif pengangkutan.
Pada tanggal 31 Desember 2013 dan On December 31, 2013 and May 24, 2013, BPH
24 Mei 2013, BPH Migas menetapkan Migas issued the decree which stated that the
perkiraan besaran iuran Perusahaan untuk Companys levy estimation for years 2014, and
tahun 2014 dan 2013 masing-masing sebesar 2013 amounted to Rp90 billion (equivalent to
Rp90 miliar (setara dengan US$7,4 juta) dan US$7.4 million) and Rp82 billion (equivalent to
Rp82 miliar (setara dengan US$8,4 juta). US$8.4 million).
Pada tanggal 31 Desember 2013 dan On December 31, 2013 and January 8, 2013,
8 Januari 2013, BPH Migas menetapkan BPH Migas issued the decree which stated that
perkiraan besaran iuran Transgasindo tahun the Transgasindos levy estimation for years
2014 dan 2013 masing-masing sebesar 2014, and 2013 amounted to Rp48,309,430,800
Rp48.309.430.800 (setara dengan (equivalent to US$3,963,363) and
US$3.963.363) dan Rp40.025.435.480 miliar Rp40,025,435,480 (equivalent to US$4,030,000).
(setara dengan US$4.030.000).
Pada tanggal 31 Desember 2013, BPH Migas On December 31, 2013, BPH Migas issued the
menetapkan perkiraan besaran iuran Gagas decree which stated that the Gagas levy
tahun 2014 sebesar Rp2 miliar (setara dengan estimation for year 2014 amounted to
US$166 ribu). Rp2 billion (equivalent to US$166 thousand).
Saldo iuran ke BPH Migas merupakan liabilitas The balance of BPH Migas levy consists of the
Perusahaan dan Transgasindo masing-masing Companys and Transgasindos liability
sebesar US$870.017 dan US$773.688 pada amounting to US$870,017 and US$773,688 as of
tanggal 31 Desember 2014 dan nihil, December 31, 2014, respectively and nil,
US$811.925 dan nihil pada tanggal 31 US$811,925 and nil as of December 31, 2013,
Desember 2013. respectively.
2013
Disajikan kembali/
2014 As restated
105
357 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
2013
Disajikan kembali/
2014 As restated
Entitas berelasi dengan Pemerintah (Catatan 37) Government-related entities (Note 37)
Perusahaan The Company
Pinjaman yang diperoleh Pemerintah
dari pemberi pinjaman (Penerusan Loans obtained by the Government from
Pinjaman) 28.995.427 42.599.023 the lenders (Two-step Loans)
PT Bank Negara Indonesia (Persero) Tbk 18.750.000 18.750.000 PT Bank Negara Indonesia (Persero) Tbk
Pihak ketiga Third Party
Entitas Anak Subsidiary
The Hongkong and Shanghai Banking The Hongkong and Shanghai Banking
Corporation Ltd., Jakarta 39.382.495 52.631.579 Corporation Ltd., Jakarta
Penerusan Pinjaman merupakan pinjaman jangka Two-step Loans represent long-term loans from the
panjang yang diperoleh dari Pemerintah Republik Government of the Republic of Indonesia, which
Indonesia yang dibiayai oleh: are funded by:
31 Desember/December 31,
2013
Disajikan kembali/
2014 As restated
Japan Bank for International Cooperation Japan Bank for International Cooperation
(SLA-1156/DP3/2003) (SLA-1156/DP3/2003)
(JPY45.346.863.000 pada tahun 2014 (JPY45,346,863,000 in 2014 and
dan JPY46.937.981.000 pada tahun 2013) 380.016.920 447.352.962 JPY46,937,981,000 in 2013)
Japan Bank for International Cooperation Japan Bank for International Cooperation
(SLA-879/DP3/1996) 3.807.172 11.421.517 (SLA-879/DP3/1996)
Sub total 383.824.092 458.774.479 Sub total
International Bank for Reconstruction and International Bank for Reconstruction and
Development (SLA-1201/DP3/2006) 50.987.426 54.348.966 Development (SLA-1201/DP3/2006)
International Bank for Reconstruction and International Bank for Reconstruction and
Development (SLA-1166/DP3/2004) 58.270 448.986 Development (SLA-1166/DP3/2004)
Sub total 51.045.696 54.797.952 Sub total
106
358 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Japan Bank for International Cooperation (JBIC) Japan Bank for International Cooperation (JBIC)
(SLA-1156/DP3/2003) (SLA-1156/DP3/2003)
Pada tanggal 27 Maret 2003, JBIC menyetujui On March 27, 2003, JBIC agreed to provide a loan
untuk memberikan pinjaman kepada Pemerintah to the Government of the Republic of Indonesia
Republik Indonesia (Pemerintah) berdasarkan (the Government) based on Loan Agreement
Perjanjian Pinjaman No. IP-511 dengan jumlah No. IP-511 for a total aggregate amount equivalent
keseluruhan setara dengan JPY49.088.000.000 to JPY49,088,000,000 to assist the Government in
untuk membantu Pemerintah dalam membiayai financing the development of a gas transmission
pembangunan jaringan pipa transmisi gas dari pipeline from South Sumatera to West Java and a
Sumatera Selatan sampai Jawa Barat dan jaringan distribution pipeline in West Java.
pipa distribusi di Jawa Barat.
Pada tanggal 28 Mei 2003, Perusahaan dan On May 28, 2003, the Company and the
Pemerintah mengadakan Perjanjian Penerusan Government entered into a Subsidiary Loan
Pinjaman No. SLA-1156/DP3/2003, di mana Agreement No. SLA-1156/DP3/2003, which
Pemerintah meneruskan pinjaman dari JBIC provides for the Governments relending of the
tersebut dengan jumlah tidak melebihi JBIC loan proceeds not exceeding
JPY49.088.000.000 kepada Perusahaan. JPY49,088,000,000 to the Company.
Pinjaman ini dikenakan tingkat bunga atas This loan is subject to the interest rate of the JBIC
pinjaman JBIC kepada Pemerintah ditambah loan to the Government plus a Government fee of
0,50% untuk jasa bunga bagian Pemerintah 0.50% (including a 0.15% banking fee) per annum,
(termasuk beban bank sebesar 0,15%) per tahun, payable on April 20 and October 20 prior to the
yang harus dibayar pada tanggal 20 April dan withdrawal of all facilities amount and on March 20
20 Oktober sebelum seluruh pinjaman ditarik dan and September 20 afterwards. The JBICs annual
pada tanggal 20 Maret dan 20 September interest rate of the loan is ranging from 0.75% to
setelahnya. Tingkat bunga tahunan pinjaman JBIC 0.95% per annum for the years ended December
masing-masing adalah berkisar antara 0,75% 31, 2014 and 2013, respectively.
sampai dengan 0,95% per tahun untuk tahun yang
berakhir pada tanggal-tanggal 31 Desember 2014
dan 2013.
Pokok pinjaman tersebut harus dibayar dalam 61 The principal amount of the loan is repayable in 61
kali angsuran tengah tahunan pada tanggal equal semi-annual installments every March 20
20 Maret dan 20 September setiap tahun, dengan and September 20 of each year, with the first
angsuran pertama yang jatuh tempo pada tanggal installment due on March 20, 2013 and the last
20 Maret 2013 dan pembayaran terakhir akan jatuh payment due on March 20, 2043.
tempo pada tanggal 20 Maret 2043.
Pada tanggal 9 Juli 2013, Pemerintah melalui On July 9, 2013, the Government through the
Direktorat Jenderal Manajemen Pinjaman Directorate General of Debt Management received
menerima Notice of Completion of Disbursement a Notice of Completion of Disbursement from the
dari Japan International Cooperation Agency Japan International Cooperation Agency related to
mengenai jumlah kumulatif penarikan dan sisa the cumulative amount of the withdrawal and the
fasilitas pinjaman yang tidak dipergunakan sampai rest of the loan facility which was not used until the
dengan batas waktu penarikan pinjaman tanggal date of completion of disbursement as of
4 Juli 2013 masing-masing sebesar July 4, 2013 amounted to JPY48,538,362,136 and
JPY48.538.362.136 dan JPY 549.637.864 dari total JPY549,637,864, respectively of the total loan from
keseluruhan fasilitas pinjaman dari JBIC sebesar JBIC amounting to JPY49,088,000.000.
JPY49.088.000.000.
Selama tahun yang berakhir pada tanggal-tanggal During the years ended December 31, 2014 and
31 Desember 2014 dan 2013, Perusahaan telah 2013 the Company has already paid installments
membayar angsuran masing-masing sebesar amounting to JPY1,591,118,000 (equivalent to
JPY1.591.118.000 (setara dengan US$15.257.919) US$15,257,919) and and JPY1,600,381,136
dan JPY1.600.381.136 (setara dengan (equivalent to US$16,432,730), respectively.
US$16.432.730).
107
359 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
108
360 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
International Bank for Reconstruction and International Bank for Reconstruction and
Development (IBRD) (SLA-1201/DP3/2006) Development (IBRD) (SLA-1201/DP3/2006)
(lanjutan) (continued)
Pada tanggal 30 Desember 2011, Perusahaan On December 30, 2011, the Company obtained a
mendapatkan surat dari Kementerian Keuangan letter from Ministry of Finance of the Republic of
Republik Indonesia No. S-12051/MK.5/2011, Indonesia No. S-12051/MK.5/2011, regarding the
mengenai perubahan terhadap Perjanjian changes of a Subsidiary Loan Agreement
Penerusan Pinjaman No. SLA-1201/DP3/2006, No. SLA-1201/DP3/2006, dated April 3, 2006,
tanggal 3 April 2006, antara Pemerintah dengan between the Government with the Company, with
Perusahaan, yang mengatur perubahan sebagai the changes as follows:
berikut:
Fasilitas pokok pinjaman tersedia, yang semula The available principal amount facility, from
sebesar US$80.000.000 menjadi US$80,000,000 to become US$69,381,312,
US$69.381.312 terhitung mulai tanggal 21 starting on December 21, 2011;
Desember 2011;
Tingkat bunga, yang semula LIBOR Base Rate The interest rate, from LIBOR Base Rate +
+ LIBOR Total Spread + 1% menjadi tingkat LIBOR Total Spread + 1% to become IBRD
bunga IBRD + 1%; interest rate + 1%;
Tanggal terakhir penarikan pinjaman (closing The date of the last drawdown (closing date),
date) yang semula pada tanggal 31 Maret from March 31, 2011 to March 31, 2014.
2011 menjadi 31 Maret 2014.
Perusahaan wajib membayar kepada Pemerintah The Company has to pay commitment fee of 0.75%
biaya komitmen sebesar 0,75% per tahun dari per annum from the total subsidiary loan which not
jumlah pinjaman yang belum ditarik oleh yet drawndown by the Company to the
Perusahaan. Jumlah pokok pinjaman akan Government. The principal amount of the loan is
dibayar dalam 30 kali angsuran tengah tahunan repayable in 30 equal semi-annual installments
pada tanggal 15 Februari dan 15 Agustus setiap every February 15 and August 15 of each year,
tahun, dengan angsuran pertama yang jatuh with the first installment due on
tempo pada tanggal 15 Agustus 2011 dan August 15, 2011 and the last payment due on
pembayaran terakhir akan jatuh tempo pada February 15, 2026.
tanggal 15 Februari 2026.
Pada tanggal 14 November 2013, Perusahaan On November 14, 2013, the Company obtained
mendapatkan Surat No. 5-786/PU/2013 dari Letter No.5-786/PU/2013 from Directorate General
Direktorat Jenderal Pengelolaan Utang, of Debt Management, Ministry of Finance of the
Kementerian Keuangan Republik Indonesia, Republic of Indonesia, regarding the approval for
mengenai persetujuan pembatalan fasilitas the cancellation of the available of IBRD SLA 1201
pinjaman yang tersedia IBRD SLA 1201 sebesar loan facility amounting to US$7,616,230 starting on
US$7.616.230 terhitung mulai pada tanggal February 1, 2013.
1 Februari 2013.
Tingkat bunga tahunan pinjaman IBRD masing- The IBRD annual interest rate is ranging from
masing adalah berkisar antara 1,76% sampai 1.76% to 5.48% per annum and 1.88% to 5.48%
dengan 5,48% per tahun dan 1,88% sampai per annum for the years ended December 31, 2014
dengan 5,48% per tahun untuk tahun yang berakhir and 2013, respectively.
pada tanggal-tanggal 31 Desember 2014 dan
2013.
Selama tahun yang berakhir pada tanggal- tanggal During the years ended December 31, 2014 and
31 Desember 2014 dan 2013, Perusahaan telah 2013, the Company has already paid installments
membayar angsuran masing-masing sebesar amounting to US$3,361,540 and US$3,177,830,
US$3.361.540 dan US$3.177.830. respectively.
109
361 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
110
362 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Berdasarkan Perjanjian Pinjaman No. FINO.1.8070 Based on the Loan Agreement No. FINO.1.8070
tanggal 20 Juli 1995, antara EIB, Pemerintah dan dated July 20, 1995 among EIB, the Government
Perusahaan, EIB menyetujui untuk memberikan and the Company, EIB agreed to lend to the
pinjaman kepada Pemerintah dengan jumlah Government an aggregate amount equivalent to
keseluruhan setara dengan ECUS46.000.000 ECUS46,000,000 to assist the Government in
untuk membantu Pemerintah dalam membiayai financing the Gas Transmission and Distribution
Proyek Transmisi dan Distribusi Gas (Proyek) di Project (The Project) in Central Sumatera and
Sumatera Tengah dan Pulau Batam (Catatan Batam Island (Note 40.6).
40.6).
Pada tanggal 1 Maret 1996, Perusahaan dan On March 1, 1996, the Company and the
Pemerintah mengadakan Perjanjian Penerusan Government entered into the related Subsidiary
Pinjaman No. SLA-877/DP3/1996, di mana Loan Agreement No. SLA-877/DP3/1996, which
Pemerintah meneruskan hasil pinjaman dari EIB provides for the Governments relending of the EIB
sebesar ECUS46.000.000 kepada Perusahaan loan proceeds of ECUS46,000,000 or its
yang akan melaksanakan Proyek. Pinjaman ini equivalent to the Company, which will undertake
dikenakan tingkat bunga sebesar pinjaman EIB the Project. The loan is subject to the interest rate
kepada Pemerintah ditambah 0,50% untuk jasa of the EIB loan to the Government plus a
bunga bagian Pemerintah (termasuk beban bank Government fee of 0.50% (including 0.15%
sebesar 0,15%) per tahun, yang harus dibayar banking fee) per annum, payable on
pada tanggal 15 Januari dan 15 Juli setiap tahun. January 15 and July 15 of each year.
Tingkat bunga tahunan pinjaman EIB masing- The EIBs annual interest rates of the loan is
masing adalah berkisar antara 4,35% sampai ranging from 4.35% to 7.41% per annum for the
dengan 7,41% per tahun untuk tahun yang years ended December 31, 2014 and 2013,
berakhir pada tanggal-tanggal 31 Desember 2014 respectively. The principal amount of the loan is
dan 2013. Jumlah pokok pinjaman harus dibayar repayable in 32 equal semi-annual installments on
dalam 32 kali angsuran tengah tahunan pada January 15 and July 15 of each year, with the first
tanggal 15 Januari dan 15 Juli setiap tahun, installment due on January 15, 1999 and the last
dengan angsuran pertama yang jatuh tempo pada payment due on July 15, 2014.
tanggal 15 Januari 1999 dan pembayaran terakhir
akan jatuh tempo pada tanggal 15 Juli 2014.
Selama tahun yang berakhir pada tanggal- tanggal During the years ended December 31, 2014 and
31 Desember 2014 dan 2013, Perusahaan telah 2013, the Company has already paid installments
membayar angsuran masing-masing sebesar amounting to US$4,245,583, respectively.
US$4.245.583.
Di dalam Perjanjian Pinjaman, Perusahaan Under the Loan Agreement, the Company
diharuskan memelihara batasan keuangan tertentu undertakes, among other things, that it shall
setiap akhir tahun pelaporan, dimulai pada tahun maintain certain financial covenants for each
1999 seperti rasio kemampuan membayar utang reporting year-end commencing in 1999 such as a
(debt service ratio) sebesar 1,3:1 atau lebih dan debt service ratio of 1.3:1 or more and a debt to
rasio utang terhadap ekuitas (debt to equity ratio) equity ratio of maximum 70:30.
sebesar maksimum 70:30.
Bilamana ada pembayaran angsuran, bunga dan Any overdue repayments of installments, interest
beban komitmen yang terlambat, maka and commitment charges will bear a penalty at the
pembayaran tersebut akan dikenakan denda rate of 2% above the interest rate per annum.
sebesar 2% di atas tingkat suku bunga setiap
tahun.
Pada bulan Juli 2014, Perusahaan telah melunasi In July 2014, the Company has fully repaid this
pinjaman ini. loan.
111
363 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
112
364 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
113
365 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
The Hongkong and Shanghai Banking Corporation The Hongkong and Shanghai Banking Corporation
Ltd., Jakarta Ltd., Jakarta
Pada tanggal 30 Agustus 2010, Transgasindo On August 30, 2010, Transgasindo signed a term
menandatangani term loan facility agreement loan facility agreement with syndication of The
dengan sindikasi dari The Hongkong dan Shanghai Hongkong and Shanghai Banking Corporation
Banking Corporation Limited, Jakarta (HSBC) Limited, Jakarta (HSBC) for US$250,000,000. This
US$250.000.000. Fasilitas ini digunakan oleh facility was utilized by Transgasindo to refinance
Transgasindo untuk membayar kembali pinjaman existing shareholder loans and for general
pemegang saham dan untuk keperluan umum. corporate purposes. This facility is valid for 5 years
Fasilitas ini memiliki jangka waktu 5 tahun dengan with 19 equal quarterly installments commencing
19 kali cicilan triwulanan dimulai 6 bulan setelah 6 months after the first drawdown date (grace
tanggal penarikan pertama (grace year). Pinjaman year). The loan bears interest at the rate of three
ini dikenakan bunga pada tingkat bunga tiga bulan months BBA LIBOR + margin of 1.99% per annum.
BBA LIBOR + margin sebesar 1,99% per tahun.
Pada tanggal 3 September 2010, fasilitas tersebut On September 3, 2010, the facility had been fully
telah ditarik seluruhnya dan dikenakan tingkat drawn down and bears interest rate ranged from
bunga per tahun berkisar antara 2,24% sampai 2.24% up to 2.52% per annum.
dengan 2,52%.
Selama tahun yang berakhir pada tanggal During the year ended December 31, 2014,
31 December 2014, Perusahaan telah membayar Transgasindo has already paid four times in
angsuran sebanyak 4 kali setiap triwulan dengan quarterly installments amounting US$52,631,579.
total sebesar US$52.631.579.
Tingkat bunga tahunan rata-rata pinjaman ini The average annual interest rate for this loan is
masing-masing adalah sebesar 2,22% dan 2,26% 2.22% and 2.26% for the years ended December
untuk tahun yang berakhir pada tanggal-tanggal 31, 2014 and 2013.
31 Desember 2014 dan 2013.
114
366 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Selama pinjaman masih terutang, Transgasindo During the year of the outstanding loan,
diwajibkan mematuhi semua batasan, termasuk Transgasindo is required to comply with all
sejumlah rasio keuangan sebagai berikut: covenants or restrictions including certain financial
ratios as follows:
(i) jumlah ekuitas tidak lebih kecil dari (i) total shareholders equity to be not less than
US$250.000.000; US$250,000,000;
(ii) rasio utang neto terhadap ekuitas tidak lebih (ii) the net debt to shareholders equity ratio to be
besar dari 2,33x; not greater than 2.33x;
(iii) rasio utang neto terhadap EBITDA tidak lebih (iii) the net debt to EBITDA ratio to be not greater
besar dari 3,5x. than 3.5x.
Pada tanggal 31 Desember 2014 dan 2013, As of December 31, 2014 and 2013, the Group has
Kelompok Usaha telah memenuhi semua rasio complied with all financial ratios required to be
keuangan yang dipersyaratkan dalam perjanjian maintained under the loan agreements.
pinjaman.
2013
Disajikan kembali/
2014 As restated
Senior Unsecured Fixed Rate Notes Senior Unsecured Fixed Rate Notes
Penerbitan tahun 2014 1.350.000.000 - Issued in 2014
Diskonto (13.000.500) - Discount
Biaya penerbitan (5.647.211) - Issuance cost
Bagian jangka panjang utang obligasi 1.332.255.514 - Long-term portion of bonds payable
115
367 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
31 Desember/December 31,
2013
Disajikan kembali/
2014 As restated
116
368 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
2013
Disajikan kembali/
2014 As restated
31 Desember/December 31,
2013
Disajikan kembali/
2014 As restated
Kini Current
Perusahaan The Company
Tahun berjalan 158.591.466 188.047.888 Current year
Tahun 2011 Year 2011
Denda pajak - 969.556 Tax penalty
Tangguhan Deferred
Perusahaan (1.315.300) 4.579.849 The Company
Entitas Anak 37.039.482 (3.284.303) Subsidiaries
117
369 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
2013
Disajikan kembali/
2014 As restated
Laba sebelum pajak - Perusahaan 805.800.040 969.836.495 Profit before tax expense of the Company
Beban pajak kini - Perusahaan 158.591.466 188.047.888 Current tax expense - the Company
Estimasi Utang Pajak Penghasilan Badan Estimated Corporate Income Tax Payables
Perusahaan 7.558.565 - The Company
Entitas Anak 8.944.629 14.421.465 Subsidiaries
118
370 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
2013
Disajikan kembali/
2014 As restated
119
371 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Aset pajak tangguhan - neto 27.329.697 - 2.713.758 30.043.455 Deferred tax assets - net
Aset pajak tangguhan - neto 82.108 - 19.447 (6.452) 95.103 Deferred tax assets - net
120
372 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
PGASSOL PGASSOL
Aset pajak tangguhan Deferred tax assets
Aset tetap 304.997 - 15.209 (6.854) 313.352 Fixed assets
Gaji dan bonus 82.413 - 73.327 (5.035) 150.705 Salaries and bonus
Kesejahteraan karyawan 30.149 - 39.491 (2.424) 67.216 Employees benefits
Aset pajak tangguhan - neto 417.559 - 128.027 (14.313) 531.273 Deferred tax assets - net
GAGAS GAGAS
Aset pajak tangguhan Deferred tax assets
Bonus 152.451 - 80.621 - 233.072 Bonus
Kesejahteraan karyawan 2.013 - 14.012 - 16.025 Employees benefits
Cadangan kerugian Allowance
penurunan nilai - - 8.538 - 8.538 for impairment losses
Aset pajak tangguhan - neto 154.464 - 103.171 - 257.635 Deferred tax assets - net
PLI PLI
Aset pajak tangguhan Deferred tax asset
Rugi fiskal 808.273 - 4.316.147 39.887 5.164.307 Fiscal loss
Biaya akresi - - 29.952 (1.377) 28.575 Acretion cost
Kesejahteraan karyawan - - 7.771 (358) 7.413 Employees benefits
Aset pajak tangguhan - neto 808.273 - 4.353.870 38.152 5.200.295 Deferred tax assets - net
Aset pajak tangguhan - neto 75.168 - (75.168) - - Deferred tax assets - net
Transgasindo Transgasindo
Aset pajak tangguhan Deferred tax assets
Kesejahteraan karyawan 867.550 - 494.891 - 1.362.441 Employees benefits
Bonus 334.238 - 76.094 - 410.332 Bonus
Liabilitas pajak tangguhan Deferred tax liability
Aset tetap (1.773.019) - 1.769.757 - (3.262) Fixed assets
Aset pajak tangguhan - neto - - 2.340.742 - 1.769.511 Deferred tax assets - net
** Unrecover cost sebagaimana dilaporkan untuk tujuan PSC, neto setelah FTP sebesar US$67.195.558/Unrecover cost as reported for PSC purposes, net of FTP amounting to US$67,195,558
121
373 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Aset pajak tangguhan - neto 37.100.583 - (9.770.886) - 27.329.697 Deferred tax assets - net
PGASKOM PGASKOM
Aset pajak tangguhan Deferred tax assets
Aset tetap 314.430 - (290.794) (23.636) - Fixed assets
Rugi fiskal 157.370 - (145.540) (11.830) - Fiscal loss
Gaji dan bonus - 64.139 (9.119) 55.020 Salaries and bonus
Kesejahteraan karyawan - - 20.420 2.463 22.883 Employees benefits
Cadangan kerugian Allowance
penurunan nilai - - 4.902 (697) 4.205 for impairment losses
Aset pajak tangguhan - neto 471.800 - (346.873) (42.819) 82.108 Deferred tax assets - net
PGASSOL PGASSOL
Aset pajak tangguhan Deferred tax assets
Rugi fiskal 232.191 - (214.737) (17.454) - Fiscal loss
Aset tetap 231.808 - 143.747 (70.558) 304.997 Fixed assets
Gaji dan bonus - - 96.072 (13.659) 82.413 Salaries and bonus
Kesejahteraan karyawan - - 24.553 5.596 30.149 Employees benefits
Aset pajak tangguhan - neto 463.999 - 49.635 (96.075) 417.559 Deferred tax assets - net
GAGAS GAGAS
Aset pajak tangguhan Deferred tax assets
Kesejahteraan karyawan 225 - 1.788 - 2.013 Bonus
Bonus 91.890 - 60.561 - 152.451 Employees benefits
Aset pajak tangguhan - neto 92.115 - 62.349 - 154.464 Deferred tax assets - net
PLI PLI
Aset pajak tangguhan Deferred tax assets
Rugi fiskal 135.849 - 816.601 (144.177) 808.273 Fiscal loss
Aset pajak tangguhan - neto 135.849 - 816.601 (144.177) 808.273 Deferred tax assets - net
Aset pajak tangguhan - neto - - 87.609 (12.441) 75.168 Deferred tax assets - net
** Unrecover cost sebagaimana dilaporkan untuk tujuan PSC, neto setelah FTP sebesar US$13.994.890/Unrecover cost as reported for PSC purposes, net of FTP amounting to US$13,994,890.
122
374 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Selisih
Dibebankan Kurs karena
ke Laporan Penjabaran
Saldo Penambahan Laba Rugi (Catatan 2b)/ Saldo
Awal per dari akuisisi Komprehensif Difference Akhir per
31 Des. 2012/ perusahaan/ Charged to in Foreign 31 Des 2013/
Beginning Additions from Statements of Currency Ending
Balance the Companys Comprehensive Translation Balance
Dec. 31. 2012 acquisition Income (Note 2b) Dec 31. 2013
Transgasindo Transgasindo
Aset pajak tangguhan Deferred tax assets
Kesejahteraan karyawan 1.429.880 - (562.330) - 867.550 Employees benefits
Cadangan kerugian Allowance
penurunan nilai 1.001.368 - (1.001.368) - - for impairment loses
Bonus 528.040 - (193.802) - 334.238 Bonus
Liabilitas pajak tangguhan Deferred tax liability
Aset tetap (3.610.143) - 1.837.124 - (1.773.019) Fixed assets
Liabilitas pajak
tangguhan - neto (650.855) - 79.624 - (571.231) Deferred tax liability net
Rincian manfaat (beban) pajak tangguhan The details of deferred tax benefit (expense)
adalah sebagai berikut: are as follows:
2013
Disajikan kembali/
2014 As restated
Beban pajak tangguhan, neto (35.724.182) (1.295.546) Deferred tax expense, net
123
375 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Rincian manfaat pajak tangguhan atas The details of deferred tax benefit for
kesejahteraan karyawan yang disajikan dalam employees benefits presented in the Other
Pendapatan Komprehensif Lainnya sebagai Comprehensive Income are as follows:
berikut:
Tahun yang berakhir pada tanggal
31 Desember/Years ended December 31,
2013
Disajikan kembali/
2014 As restated
Manfaat pajak tangguhan. neto 10.274.233 8.420.859 Deferred tax benefit. net
Aset dan liabilitas pajak tangguhan, selain Deferred tax assets and liabilities, other than
akumulasi rugi fiskal, berasal dari perbedaan accumulated tax losses, arose from the
metode atau dasar yang digunakan untuk difference in the methods or basis used for
tujuan pencatatan menurut pelaporan accounting and tax reporting purposes, mainly
akuntansi dan pajak, terutama terdiri dari comprising depreciation on fixed assets,
penyusutan aset tetap, cadangan kerugian allowance for impairment losses, allowance for
penurunan nilai, penyisihan persediaan usang, inventory obsolescence, provision for
provisi untuk gaji dan bonus karyawan dan employees salaries and bonus and provision
provisi untuk kesejahteraan karyawan. for employees benefits. The difference in the
Perbedaan dasar pencatatan aset tetap adalah basis of recording of fixed assets is due to the
karena perbedaan estimasi masa manfaat aset differences in the estimated useful lives of the
untuk tujuan pelaporan akuntansi dan pajak. assets for accounting and tax reporting
Perbedaan dasar cadangan kerugian purposes. The differences in the basis of
penurunan nilai, penyisihan persediaan usang, allowance for impairment losses, allowance for
provisi untuk gaji dan bonus karyawan dan inventory obsolescence, provision for
penyisihan manfaat karyawan karena employees salaries and bonus and allowance
perbedaan waktu pengakuan beban untuk for employees benefits are due to the
tujuan pelaporan akuntansi dan pajak. difference in timing of recognition of expenses
for accounting and tax reporting purposes.
Manajemen berpendapat bahwa penyisihan The management believes that the valuation
aset pajak tangguhan adalah cukup untuk allowance for deferred tax assets is adequate
menutup manfaat yang mungkin tidak dapat to cover the possible that such tax benefits will
direalisasi. not be realized.
Tidak terdapat konsekuensi pajak penghasilan There are no income tax consequences
atas pembayaran dividen oleh Entitas-entitas attached to the payment of dividends by the
Anak domestik dan Entitas Asosiasi kepada local Subsidiaries and Associates to the
Perusahaan dan Perusahaan bermaksud Company and the Company intends to hold the
memegang investasi tersebut dalam jangka investment for long-term.
panjang.
124
376 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
2013
Disajikan kembali/
2014 As restated
Estimasi beban pajak - neto menurut Estimated tax expense - net per
laporan laba rugi komprehensif consolidated statements
konsolidasian 231.093.948 227.938.102 of comprehensive income
125
377 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Selisih antara jumlah yang ditagih oleh The difference between the amount claimed by
Perusahaan dengan jumlah yang dikembalikan the Company and the amount refunded by the
oleh Kantor Pajak disajikan sebagai akun Tax Office is presented in the Current Tax
Beban Pajak Kini untuk pajak penghasilan Expense account for income tax and Other
dan Beban Lain-Lain untuk pajak lainnya Expense account for other tax in the
dalam laporan laba rugi komprehensif consolidated statement of comprehensive
konsolidasian tahun yang berakhir pada income for the year ended December 31, 2013.
tanggal 31 Desember 2013.
Pada tanggal 9 Juni 2014, Perusahaan On June 9, 2014, the Company has received
menerima Surat Pengembalian Pendahuluan Preliminary Tax Refund Letter for Overpayment
Kelebihan Pajak (SPPKP) untuk Pajak (SPPKP) of Corporate Income Tax for the year
Penghasilan Badan tahun 2013 sebesar 2013 amounting to US$30,714,134. On July
US$30.714.134. Pada tanggal 15 Juli 2014, 15, 2014, the Company has received the
Perusahaan telah menerima kelebihan refund of such tax overpayment.
pembayaran pajak tersebut.
Transgasindo - Entitas Anak Transgasindo -the Subsidiary
Sehubungan dengan proses restitusi Pajak In relation to Value-added Tax (VAT) refund
Pertambahan Nilai (PPN): process:
Selama tahun yang berakhir pada tanggal During years ended December 31, 2014 and
31 Desember 2014 dan 2013, Transgasindo 2013, Transgasindo received several SKPLB
menerima beberapa SKPLB PPN dengan with tax refund totaling to Rp9.6 billion and
jumlah keseluruhan masing-masing sebesar Rp19.6 billion, respectively. Transgasindo has
Rp9,6 milyar dan Rp19,6 milyar, Transgasindo agreed to the above tax assessments, except
telah menyetujui seluruh ketetapan pajak for Tax Assessment Letters for the months of
tersebut kecuali untuk Surat Ketetapan Pajak December 2012 up to February 2013 and May
masa Desember 2012 sampai dengan Februari up to August 2013, with tax objection
2013 dan Mei sampai dengan Agustus 2013, amounting to Rp504 million, which represents
dengan jumlah keberatan pajak sebesar Rp504 the difference between the amount determined
juta yang mencerminkan selisih antara jumlah by the Tax Office with the amount claimed by
yang ditetapkan Kantor Pajak dengan yang Transgasindo. The tax objection has been
ditagih oleh Transgasindo. Keberatan pajak submitted by Transgasindo in April to June
tersebut telah diajukan oleh Transgasindo 2014.
pada bulan April sampai dengan Juni 2014.
Sampai dengan tanggal penyelesaian laporan Up to completion date of the consolidated
keuangan konsolidasian, Transgasindo masih financial statements, Transgasindo is still
menunggu keputusan dari Kantor Pajak atas waiting for the decision from the Tax Office
keberatan diatas. regarding the above tax objection.
Selama tahun yang berakhir pada tanggal During the years ended December 31, 2014
31 Desember 2014 dan 2013, Transgasindo and 2013, Transgasindo received VAT refund
menerima hasil restitusi PPN masing-masing totaling Rp13 billion (equivalent to US$1
sejumlah Rp13 miliar (setara dengan US$1 million) and Rp20 billion (equivalent to US$2
juta) dan Rp20 miliar (setara dengan US$2 million), respectively. For each SKPLB which
juta). Untuk setiap SKPLB yang telah disetujui has been agreed by Transgasindo, the
Transgasindo, selisih antara jumlah yang difference between the amount claimed by the
ditagihkan Perusahaan dengan jumlah yang Company with the amount determined by the
ditentukan oleh Kantor Pajak disajikan pada Tax Office were presented under Other
akun Beban Lain-lain pada laporan laba rugi Expenses account in the consolidated
komprehensif konsolidasian. statements of comprehensive income.
126
378 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Selama tahun 2014, SEI melalui entitas During 2014, SEI through the subsidiary has
anaknya menerima beberapa SKPKB dari received several SKPKB from Ministry of
Kementerian Keuangan Republik Indonesia - Finance of the Republic of Indonesia -
Direktorat Jenderal Pajak sebagai berikut: Directorate General of Taxation, as follows:
SIP (Entitas Anak SEI) menerima SKPKB SIP (Subsidiary of SEI) received SKPKB
tertanggal 27 Agustus 2014 untuk Pajak dated August 27, 2014 of Final Income Tax
Penghasilan Final Pasal 4 (2) masa pajak Article 4 (2) for the period June 2013
Juni 2013 sebesar Rp203.143.933.553. amounting to Rp203,143,933,553. Such
Atas SKPKB tersebut, telah dilakukan SKPKB payment has been made on
pembayaran pada tanggal 25 September September 25, 2014.
2014.
Sehubungan dengan SKPKB tersebut, SIP In connection with the above SKPKB, SIP has
telah mengajukan keberatan melalui surat filed an objection letter to the Director General
kepada Direktur Jenderal Pajak tertanggal of Taxes dated November 18, 2014.
18 November 2014.
SIPL dan SP (Entitas Anak SIP), SIPL and SP (Subsidiary of SIP), received
menerima SKPKB tertanggal 3 Desember SKPKB of Final Income Tax Article 4 (2)
2014 untuk Pajak Penghasilan Final Pasal dated on December 3, 2104 for the period
4 (2) masa pajak Januari 2014 masing - January 2014 amounting to
asing sebesar Rp556.896.568.577 dan Rp556,896,568,577 and
Rp62.652.743.146. Atas SKPKB tersebut, Rp62,652,743,146, respectively. Such
telah dilakukan pembayaran pada bulan SKPKB payment has been made in
Desember 2014. December 2014.
Sehubungan dengan SKPKB tersebut, In connection with the above SKPKB, SIPL
SIPL dan SP akan mengajukan keberatan and SP will file objection letters to the
kepada Direktur Jenderal Pajak. Director General of Taxes.
SEI juga telah melakukan pengajuan banding SEI filed an appeal on the Decision of the
atas Keputusan Direktur Jenderal Pajak Director General of Taxation
No. KEP-1904/WPJ.07/2013 tertanggal No. KEP-1904/WPJ.07/2013 dated September
18 September 2013 terkait dengan keberatan 18, 2013 related to SEIs objection to SKPKB
SEI atas SKPKB Pajak Penghasilan Pasal 26 of Income Tax Article 26, for the period
masa Januari sampai dengan Desember tahun January to December 2009 with the amount of
2009 dengan nilai SKPKB yang diajukan SKPKB amounting to Rp16,756,453,245. The
banding sebesar Rp16.756.453.245. Nilai amount of underpayments with the
kurang bayar beserta sanksi administratif administrative penalty were presented under
disajikan pada akun Liabilitas Yang Masih "Accrued Liabilities" on the consolidated
Harus Dibayar pada laporan posisi keuangan statement of financial position.
konsolidasian.
PGASSOL - Entitas Anak PGASSOL - the Subsidiary
Selama tahun yang berakhir pada tanggal During the years ended December 31, 2014
31 Desember 2014 dan 2013, PGASSOL and 2013, PGASSOL received several SKPLB
menerima beberapa SKPLB PPN dengan with tax refund totaling to Rp24,606,755,543
jumlah keseluruhan masing-masing sebesar and nil, respectively. PGASSOL has agreed to
Rp24.606.755.543 dan nihil. PGASSSOL telah the above tax assessments. For SKPLB which
menyetujui seluruh ketetapan pajak tersebut. has been agreed by PGASSOL, the difference
Untuk SKPLB yang telah disetujui PGASSOL, between the amount claimed by PGASSOL
selisih antara jumlah yang ditagihkan with the amount determined by the Tax Office
PGASSOL dengan jumlah yang ditentukan with amount Rp577,184,936 was charged to
oleh Kantor Pajak sebesar Rp577.184.936 current year operations.
dibebankan pada usaha tahun berjalan.
127
379 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Selama tahun yang berakhir pada tanggal During the years ended December 31, 2014
31 Desember 2014 dan 2013, PGASSOL and 2013, PGASSOL received several SKPKB
menerima beberapa SKPKB PPN dengan with amount totaling Rp1,260,669,948 and nil,
jumlah keseluruhan masing-masing sebesar respectively. PGASSOL has agreed to the
Rp1.260.669.948 dan nihil. PGASSOL telah above tax assessments. The SKPKB agreed
menyetujui seluruh ketetapan pajak tersebut. by PGASSOL, were charged to current year
SKPKB yang telah disetujui PGASSOL operations.
dibebankan pada usaha tahun berjalan.
PGASKOM - Entitas Anak PGASKOM - the Subsidiary
Selama tahun yang berakhir pada tanggal During the years ended December 31, 2014
31 Desember 2014 dan 2013, PGASKOM and 2013, PGASKOM received several
menerima SKPKB Pajak Penghasilan Badan SKPKB with amount totaling Rp595 million and
dengan jumlah keseluruhan sebesar Rp595 nil, respectively. PGASKOM has agreed to the
juta dan nihil. PGASKOM telah menyetujui above tax assessments. The SKPKB agreed
seluruh ketetapan pajak tersebut. SKPKB yang by PGASKOM, was charged to current year
telah disetujui PGASKOM, dibebankan pada operations.
usaha tahun berjalan.
g. Lain-lain g. Other
128
380 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Susunan pemilikan saham Perusahaan pada The details of the shareholders as of December 31,
tanggal-tanggal 31 Desember 2014 dan 2013 2014 and 2013 based on the report prepared by PT
berdasarkan catatan yang dibuat oleh Datindo Entrycom, the Securities Administration
PT Datindo Entrycom (Biro Administrasi Efek). Agency (Biro Administrasi Efek), are as follows:
adalah sebagai berikut:
Lembar Saham/
Number of Shares US$ %
Ditempatkan dan disetor penuh 24.239.658.196 343.992.576 100.00 Issued and fully paid
*) Nilai harga perolehan pembelian kembali saham adalah *) The acquisition cost of the treasury stock amounted to
sebesar US$251.054 (Catatan 1.b). US$251,054 (Note 1.b).
Saham Seri A Dwiwarna merupakan saham yang Series A Dwiwarna share represents share which
memberikan kepada pemegangnya hak-hak untuk provides the holder rights to propose Directors and
mencalonkan Direksi dan Komisaris, menghadiri Commissioners, attend and approve the
dan menyetujui pengangkatan dan pemberhentian appointment and dismissal of Commissioners and
Komisaris dan Direksi, perubahan Anggaran Dasar Directors, change in Articles of Association
termasuk perubahan modal, pembubaran dan including changes in capital, closure and
likuidasi, penggabungan, peleburan dan liquidation, merger and acquisition of the
pengambilalihan Perusahaan. Company.
Pada tanggal 31 Desember 2014. Perusahaan As of December 31, 2014. the Company has listed
telah mencatatkan seluruh sahamnya yang all its outstanding shares on the Indonesia Stock
beredar pada Bursa Efek Indonesia sebanyak Exchange totaling to 24,241,508,196 shares.
24.241.508.196 lembar saham.
Berdasarkan Risalah Rapat Umum Pemegang Based on the Minutes of the Companys Annual
Saham Tahunan yang diadakan pada tanggal General Shareholders Meeting held on
27 Maret 2014 yang diaktakan dengan Akta Notaris March 27, 2014 which were notarized with Notarial
No. 56 dari Notaris Fathiah Helmi, S.H., tanggal Deed No. 56 of Notary Fathiah Helmi, S.H., dated
27 Maret 2014, para pemegang saham menyetujui March 27, 2014, the shareholders ratified the
keputusan-keputusan, sebagai berikut: following decisions:
129
381 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
1. Menetapkan penggunaan laba tahun berjalan 1. Approved the use of profit for the year that is
yang dapat diatribusikan kepada pemilik attributable to Owner of the Parent Entity for
Entitas Induk Perusahaan untuk tahun buku the financial year of 2013 in the amount of
2013 berjumlah sebesar US$860.533.234 US$860,533,234 to be utilized as follows:
diperuntukkan sebagai berikut:
2. Kepada Direksi diberikan wewenang untuk 2. To give authority to the Board of Directors to
mengatur lebih lanjut tata cara pembagian further prepare for the cash dividends
dividen tersebut dan mengumumkannya distribution procedures and publish it taking
dengan memperhatikan peraturan dan into consideration the prevailing laws and
perundangan yang berlaku. regulations.
Berdasarkan Rapat Umum Pemegang Saham Based on minutes the Companys Annual General
Tahunan yang diadakan pada tanggal 17 April Shareholders Meeting held on April 17, 2013 which
2013, yang diaktakan dengan Akta Notaris No. 56 were notarized with Notarial Deed No. 56 of Notary
dari Notaris Fathiah Helmi, S.H., tanggal Fathiah Helmi, S.H., dated April 17, 2013, the
17 April 2013, para pemegang saham menyetujui shareholders ratified the following decisions:
keputusan-keputusan, sebagai berikut:
1. Menetapkan penggunaan laba tahun berjalan 1. Approved the use of profit for the year that are
yang dapat diatribusikan kepada pemilik attributable to Owner of the Parent Entity for
Entitas Induk Perusahaan untuk tahun buku the financial year of 2012 in the amount of
2012 berjumlah sebesar US$890.885.456 US$890,885,456 to be utilized as follows:
diperuntukkan sebagai berikut:
b. Sisanya akan dicatat sebagai saldo laba b. The remaining amount will be appropriated
untuk mendukung kegiatan operasional as retained earnings to support the
dan pengembangan Perusahaan. operational activities and the Companys
expansion.
2. Menetapkan untuk tidak mengalokasikan laba 2. Stipulated not to allocate the profit for the year
tahun berjalan yang dapat diatribusikan that is attributable to owner of the Parent Entity
kepada pemilik Entitas Induk untuk tahun buku for the financial year of 2012 to fund the
2012 untuk sumber dana Program Kemitraan Partnership and Community Development
dan Bina Lingkungan. Perusahaan akan Program. The Company will expense the
membiayakan kegiatan Tanggung Jawab activity of Social and Environment
Sosial dan Lingkungan tahun buku 2013 Responsibility (CSR) for the financial year of
sesuai dengan kebutuhan dan kemampuan 2013 according to the needs and ability of the
Perusahaan. Company.
130
382 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
3. Kepada Direksi diberikan wewenang untuk 3. To give authority to the Board of Directors to
mengatur lebih lanjut tata cara pembagian further prepare for the cash dividends
dividen tersebut dan mengumumkannya distribution procedures and publish it taking
dengan memperhatikan peraturan dan into consideration the prevailing laws and
perundangan yang berlaku. regulations.
2013
Disajikan kembali/
2014 As restated
Penyesuaian pendapatan merupakan koreksi faktur The sales adjustments pertain to corrections made
pelanggan melalui rekonsiliasi atas penggunaan to customers invoices upon reconciliation of the
gas antara Kelompok Usaha dan pelanggan. gas consumption between the Group and the
customers.
Penjualan minyak dan gas merupakan pendapatan Net oil and gas sales represents Groups sales of
atas penjualan minyak dan gas Kelompok Usaha oil and gas from exploration and production
dari aktivitas eksplorasi dan produksi yang activities related to certain non-group operated
berkaitan dengan kontrak kerjasama dimana joint venture.
Kelompok Usaha bukan merupakan operator.
Sewa fiber optik merupakan pendapatan Fiber optic rental represents PGASKOMs
PGASKOM atas penyediaan jaringan kepada para revenues of network services to the customers.
pelanggan.
Pendapatan lain-lain merupakan pendapatan Other revenues represents PGASSOLs revenues
PGASSOL atas penyediaan jasa konstruksi dan of pipeline construction and maintenance services
pemeliharaan jaringan pipa kepada pelanggannya. to the customers.
Pendapatan gas bumi terdiri dari distribusi gas Natural gas revenues consist of gas distribution to:
kepada:
Tahun yang berakhir pada tanggal
31 Desember/Years ended December 31,
2013
Disajikan kembali/
2014 As restated
131
383 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Pendapatan neto dari pelanggan yang melebihi Net revenues from customer in excess of 10% of
10% dari total pendapatan neto konsolidasian the total consolidated net revenues are revenue
adalah pendapatan dari PLN, entitas berelasi from PLN, a Government-related entity, which
dengan Pemerintah, masing-masing sebesar amounted to US$623,564,625 or 18.35% and
US$623.564.625 atau 18,35% dan US$575,213,360 or 19.16% of the total
US$575.213.360 atau 19,16% dari total consolidated net revenues for the years ended
pendapatan neto konsolidasian untuk tahun yang December 31, 2014 and 2013.
berakhir pada tanggal-tanggal 31 Desember 2014
dan 2013.
Kelompok Usaha melakukan transaksi penjualan The Group enters into sales transactions with the
dengan entitas berelasi dengan Pemerintah, Government-related entities, totaling 25.02% and
dengan total masing-masing sebesar 25,02% dan 26.52% of its consolidated net revenues above
26,52% dari total pendapatan neto konsolidasian di for the years ended December 31, 2014 and 2013,
atas untuk tahun yang berakhir pada tanggal- respectively.
tanggal 31 Desember 2014 dan 2013.
2013
Disajikan kembali/
2014 As restated
Beban operasi minyak dan gas bumi Oil and gas operating expenses
Beban penyusutan, deplesi dan amortisasi 95.486.727 7.366.373 Depreciation. depletion and amortization
Beban produksi dan lifting 78.233.160 11.366.998 Production and lifting cost
Pembelian neto dari pemasok yang melebihi 10% Net purchases from suppliers involving
dari jumlah pendapatan neto konsolidasian adalah purchases in excess of 10% of the total
pembelian dari entitas berelasi dengan Pemerintah consolidated net revenues are for purchases
(Catatan 37) dan ConocoPhillips masing-masing from Government related entities (Note 37) a
sebesar US$393.006.340 atau 11,57% dan Government-related entity, and ConocoPhillips
US$874.256.578 atau 25,73% dari total amounting to US$393,006,340 or 11.57% and
pendapatan neto konsolidasian untuk tahun yang US$874,256,578 or 25.73% of total consolidated
berakhir 31 Desember 2014 dan pembelian dari net revenues for the year ended December 31,
entitas berelasi dengan Pemerintah dan 2014, respectively, and purchases from
ConocoPhillips masing masing sebesar Pertamina and ConocoPhillips amounting to
US$413.252.606 atau 13,77% dan US$413,252,606 or 13.77% and
US$722.017.816 atau 24,06% dari jumlah US$722,017,816 or 24.06% of total consolidated
pendapatan neto konsolidasian untuk tahun yang net revenues for the year ended December 31,
berakhir 31 Desember 2013. 2013, respectively.
132
384 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Kelompok Usaha melakukan transaksi pembelian The Group enters sales transactions with the
gas dengan entitas berelasi dengan Pemerintah. Government-related entities. totalling to 20.14%
dengan total masing-masing sebesar 20,14% dan and 26.09% of its consolidated cost of revenues
26,09% dari total beban pokok pendapatan above for the years ended December 31, 2014
konsolidasian di atas untuk tahun yang berakhir and 2013, respectively.
pada tanggal-tanggal 31 Desember 2014 dan
2013.
2013
Disajikan kembali/
2014 As restated
133
385 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
30. BEBAN UMUM DAN ADMINISTRASI 30. GENERAL AND ADMINISTRATIVE EXPENSES
2013
Disajikan kembali/
2014 As restated
Gaji dan kesejahteraan karyawan 87.161.223 83.715.450 Salaries and employees benefits
Penyusutan (Catatan 15) 18.152.675 16.235.065 Depreciation (Note 15)
Honorarium profesional 16.628.708 11.439.039 Professional fees
Promosi 13.671.712 12.348.490 Promotion
Sewa 12.611.922 15.968.675 Rental
Jasa umum 11.990.560 19.557.837 Traveling and transportation
Tanggung jawab sosial Corporate Social Responsibility and
dan bina lingkungan (Catatan 39) 11.644.571 8.023.231 Community Development (CSR) (Note 39)
Perjalanan dinas dan transportasi 6.840.281 7.126.137 Traveling and transportation
Penyisihan kerugian penurunan Provision for impairment
nilai (Catatan 8 dan 9) 6.372.461 783.775 losses (Notes 8 and 9)
Perbaikan dan pemeliharaan 6.319.698 6.812.800 Repairs and maintenance
Pendidikan dan pelatihan 6.296.984 5.488.539 Education and training
Representasi dan jamuan 4.823.102 4.597.591 Representation and entertainment
Biaya bank 2.635.733 2.310.654 Bank charges
Pajak dan perizinan 2.530.537 3.477.143 Taxes and licenses
Asuransi 2.467.032 2.103.238 Insurance
Komunikasi 2.091.836 2.168.376 Communications
Peralatan kantor 1.658.365 2.101.205 Office supplies
Amortisasi 1.486.557 1.014.016 Amortization
Perayaan 1.481.611 1.461.656 Celebration
Listrik dan air 1.378.008 1.473.190 Electricity and water
Bahan bakar dan bahan kimia 1.230.064 1.624.232 Fuels and chemicals
Peralatan dan suku cadang 925.239 3.782.452 Tools and spare parts
Material umum 315.002 414.491 General materials
Pakaian dinas 203.458 211.122 Employees uniform
Lain-lain 3.008.723 2.378.949 Others
134
386 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
2013
Disajikan kembali/
2014 As restated
2013
Disajikan kembali/
2014 As restated
The Royal Bank of Scotland N.V.. The Royal Bank of Scotland N.V..
cross currency swap JPY19.420.211.744 11.005.055 11.927.017 cross currency swap
135
387 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Pada tanggal 16 Februari 2007, Perusahaan On February 16, 2007, the Company entered into a
mengadakan kontrak cross currency swap dengan cross currency swap contract with ABN AMRO Bank
ABN AMRO Bank N.V. (ABN), sekarang menjadi N.V. (ABN), currently The Royal Bank of Scotland
The Royal Bank of Scotland N.V. (RBS), Cabang N.V. (RBS), London Branch, whereby the Company
London, dimana Perusahaan menyetujui untuk agreed to receive Japanese Yen (JPY) interest
menerima bunga Yen Jepang (JPY) dikalikan 35% multiplied by 35% and agreed to pay interest at 0%
dan menyetujui untuk membayar bunga pada for the year from October 15, 2006 to October 15,
tingkat 0% untuk tahun tanggal 15 Oktober 2006 2008, and for the year thereafter through to the
sampai 15 Oktober 2008 dan untuk tahun maturity date. March 15, 2019, to pay interest at the
selanjutnya sampai berakhir kontrak tersebut yaitu difference between a certain rate (strike) as
pada 15 Maret 2019, membayar bunga sebesar stipulated in the agreement with the US Dollar
selisih tingkat tertentu (strike) sebagaimana diatur average exchange rate with the Japanese Yen
dalam perjanjian dengan rata-rata nilai tukar Dolar (US$/JPY) divided by one hundred or 0%, whichever
AS dengan Yen Jepang (US$/JPY) dibagi seratus is higher.
atau 0%, mana yang lebih tinggi.
Pada tanggal 19 Agustus 2008, Perusahaan On August 19, 2008, the Company entered into an
mengadakan perubahan atas kontrak cross amendment of the cross currency swap contract
currency swap dengan RBS, dimana Perusahaan with RBS London Branch, whereby the Company
menyetujui untuk menerima bunga sebesar bunga agreed to receive Japanese Yen (JPY) interest
Yen Jepang (JPY) dikalikan 42% dan menyetujui multiplied by 42% and to pay interest at the rate of
untuk membayar bunga pada tingkat 0% untuk 0% for the year from October 15, 2006 to October
tahun tanggal 15 Oktober 2006 sampai 15 Oktober 15, 2008, and for the year thereafter to the maturity
2008 dan untuk tahun selanjutnya sampai berakhir date. March 15, 2019, to pay interest at the
kontrak tersebut yaitu pada 15 Maret 2019, difference between the strike rate as stipulated in
membayar bunga sebesar selisih tingkat tertentu the agreement with the US Dollar average
(strike) sebagaimana diatur dalam perjanjian exchange rate with the Japanese Yen (US$/JPY)
dengan rata-rata nilai tukar Dolar AS dengan Yen divided by one hundred or at 0%, whichever is
Jepang (US$/JPY) dibagi seratus atau pada tingkat higher plus additional interest of 5% multiplied by
0%, mana yang lebih tinggi, dan tambahan bunga number of days if the CMS 10 years rate is at or
5% dikalikan jumlah hari apabila tingkat CMS 10 outside a certain range divided by the total number
tahun sama atau diluar kisaran tingkat tertentu of days for such year.
dibagi dengan jumlah hari pada tahun tersebut.
Sebagai tambahan, Perusahaan juga menyetujui In addition, the Company also agreed to receive
untuk menerima Yen Jepang dalam jumlah Japanese Yen in the amount stipulated in the
sebagaimana diatur dalam perjanjian selama nilai agreement, as long as the US$/JPY exchange
tukar US$/JPY berada pada atau di bawah 121,50 rate is at or below 121.50 at the end of the agreed
pada setiap akhir tahun yang disepakati dan year and to pay US Dollar amount with exchange
menyetujui untuk membayar sejumlah Dolar AS rate of US$/JPY of 121.50. If US$/JPY is at or
dengan nilai tukar US$/JPY sebesar 121,50. above 121.50, there will be no exchange of cross
Apabila nilai tukar US$/JPY berada di atas 121,50, currency swap.
tidak ada transaksi cross currency swap yang akan
dilakukan.
Kontrak ini berlaku efektif sejak tanggal This contract became effective starting
15 Oktober 2006 dan akan berakhir pada tanggal October 15, 2006 and will expire on March 15,
15 Maret 2019, Perusahaan melakukan lindung 2019, The Company hedges the changes in the
nilai atas perubahan nilai wajar kewajiban dari fair value of its liabilities due to risk of the foreign
risiko fluktuasi nilai tukar US$/JPY, sehubungan exchange rate fluctuation of US$/JPY, in relation
dengan pinjaman jangka panjang yang diperoleh to the long-term loan obtained from JBIC.
dari JBIC.
136
388 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
31 Desember/December 31,
2013
Disajikan kembali/
2014 As restated
41.273.406 35.622.036
137
389 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
b. Program asuransi kesejahteraan hari tua b. Old welfare program age insurance plan
Sejak tahun 1991, Perusahaan mempunyai Since 1991, the Company has an old age
program asuransi kesejahteraan hari tua welfare insurance for all its qualified permanent
untuk seluruh karyawan tetap yang employees, which is covered in a cooperative
memenuhi persyaratan, yang ditetapkan agreement with PT Asuransi Jiwasraya
dalam suatu perjanjian bersama dengan (Persero), The Company has paid all of its
PT Asuransi Jiwasraya (Persero), liabilities in 2008.
Perusahaan telah membayar seluruh
kewajibannya pada tahun 2008.
Pada tanggal 30 November 2012, On November 30, 2012, the Company also
Perusahaan juga menyediakan tambahan provides additional post-retirement health care
tunjangan kesehatan hari tua bagi seluruh benefits for its eligible permanent employees,
karyawan tetap, para pensiunan dan mantan retired employees and ex member of directors,
direksi yang ditetapkan oleh perjanjian as covered in a cooperative agreement with
bersama dengan Yayasan Kesejahteraan Yayasan Kesejahteraan Pegawai dan
Pegawai dan Pensiunan Gas Negara (YKPP Pensiunan Umum Gas Negara (YKPP Gas
Gas Negara). Sumber dana program pensiun Negara). The fund is contributed by both
berasal dari kontribusi karyawan/anggota employees/member of directors and the
direksi dan Perusahaan masing-masing Company with contribution of 3% and 5% from
sebesar 3% dan 5% dari penghasilan dasar. the basic income. For the years ended
Untuk tahun yang berakhir pada tanggal- December 31, 2014 and 2013, the total
tanggal 31 Desember 2014 dan 2013, total contributions to YKPP Gas Negara amounted to
pembayaran kepada YKPP Gas Negara US$832,813 and US$1,006,309 and presented
sebesar US$832.813 dan US$1.006.309 as General and Administrative Expense in the
yang disajikan dalam akun Beban Umum consolidated statements of comprehensive
dan Administrasi dalam laporan laba rugi income.
komprehensif konsolidasian.
Dana pensiun ini didirikan berdasarkan Both The Pension Plan was established based
persetujuan dari Menteri Keuangan on the approval from the Ministry of Finance in
masing-masing dalam Surat its Decision Letter No. KEP.1100/KM.17/1998.
Keputusannya No. KEP.1100/KM.17/1998. No. KEP.231/KM.17/1994 and
No. KEP.231/KM.17/1994 dan No. KEP.184/ KM.17/1995, respectively.
No. KEP.184/KM.17/1995.
138
390 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Sumber dana program pensiun berasal dari The fund is contributed by both employees and
kontribusi karyawan dan Perusahaan masing- the Company with contribution of 5% and 15%,
masing sebesar 5% dan 15% dari penghasilan respectively. of the basic pension income.
dasar pensiun. Beban pensiun yang Pension expense charged to operations
dibebankan pada operasi masing-masing amounted to US$2,546,839 and US$2,775,305
adalah sebesar US$2.546.839 dan for the years ended December 31, 2014 and
US$2.775.305 untuk tahun yang berakhir pada 2013, respectively.
tanggal-tanggal 31 Desember 2014 dan 2013.
Liabilitas imbalan kerja jangka panjang pada Long-term employees benefits liabilities as of
tanggal-tanggal 31 Desember 2014 dan December 31, 2014 and 2013 are as follows:
2013 adalah sebagai berikut:
31 Desember/December 31,
2013
Disajikan kembali/
2014 As restated
139
391 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Kelompok Usaha memberikan imbalan kerja The Group provides long-term employees
jangka panjang kepada karyawan sesuai benefits to its employee in accordance with the
dengan Perjanjian Kerja Bersama yang Collective Labor Agreement as compared with
dibandingkan dengan imbalan berdasarkan benefits under Labor Law No. 13/2003
Undang-undang Ketenagakerjaan No. 13/2003 (Law No. 13/2003), and provide whichever is
(UU No. 13/2003), mana yang lebih tinggi. higher. The benefits are unfunded. The
Imbalan tersebut tidak didanai. Tabel berikut following tables summarize the components of
menyajikan komponen dari beban imbalan net benefits expense recognized in the
neto yang diakui dalam laporan laba rugi consolidated statements of comprehensive
komprehensif konsolidasian dan jumlah yang income and the amounts recognized in the
diakui dalam laporan posisi keuangan consolidated statements of financial position for
konsolidasian untuk imbalan kerja yang the estimated liabilities for employees benefits
dihitung oleh PT Sienco Aktuarindo Utama dan as calculated by an independent actuary,
PT Dayamandiri Dharma Konsilindo, aktuaris PT Sienco Aktuarindo Utama and
independen, untuk tahun yang berakhir pada PT Dayamandiri Dharma Konsilindo for the year
tanggal-tanggal 31 Desember 2014 dan 2013, ended December 31, 2014 and 2013, in its
berdasarkan laporannya masing-masing reports dated January 7, 2015 and January 6,
tanggal 7 Januari 2015 dan 6 Januari 2014. 2014. The actuarial calculation used the
Perhitungan aktuaris menggunakan metode Projected Unit Credit method which utilized
Projected Unit Credit dengan asumsi-asumsi the following assumptions:
sebagai berikut:
2014 2013
8.30% - 8.50% per Tahun/ 9.00% - 9.10% per Tahun/
Tingkat Bunga Aktuaria per Annum per Annum Actuarial Discount Rate
Tingkat Kematian TMI 2011 TMI 2011 Mortality Rate
8.00% - 10.00% per Tahun/ 8.00% - 10.00% per Tahun/
Kenaikan Gaji dan Upah per Annum per Annum Wages and Salaries Increase
Umur Pensiun 56 - 58 Tahun/Years 56 - 58 Tahun/Years Retirement Age
Tingkat Cacat 10% dari Tingkat 10% dari Tingkat Disability Rate
Kematian/from Mortality Kematian/from Mortality
Rate Rate
Tabel berikut ini menyajikan komponen beban The following tables summarize the
dan liabilitas imbalan kerja karyawan consolidated components of employees
konsolidasian. benefits expense and liabilities.
2013
Disajikan kembali/
2014 As restated
140
392 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
2013
Disajikan kembali/
2014 As restated
31 Desember/December 31,
2013
Disajikan kembali/
2014 As restated
31 Desember/December 31,
2013
Disajikan kembali/
2014 As restated
141
393 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
c. Mutasi liabilitas diestimasi atas imbalan c. The movements in the estimated liabilities
kerja karyawan for employees benefits
Perubahan dalam liabilitas kesejahteraan The movements in the employee benefits
karyawan untuk pada tanggal liability as of December 31, 2014 and 2013,
31 Desember 2014 dan 2013, sebagai are as follows:
berikut:
Imbalan pasca kerja Post retirement benefits
2013
Disajikan kembali/
2014 As restated
2014 2013
Analisa sensitivitas untuk risiko tingkat Sensitivity analysis for discount rate risk
diskonto
Pada tanggal 31 Desember 2014, jika tingkat As of December 31, 2014, if the discount rate is
diskonto meningkat sebesar satu poin dengan higher one point with all other variables held
semua variabel konstan, maka liabilitas constant. the employee benefits liability would
kesejahteraan karyawan lebih rendah sebesar have been US$11,562,603 lower, while. if the
US$11.562.603, sedangkan jika tingkat discount rate is lower one point, the liability
diskonto menurun satu poin, maka liabilitas would have been higher by US$12,541,537.
lebih tinggi sebesar US$12.541.537.
142
394 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Jumlah periode tahunan saat ini dan period Amounts for the current and previous four
empat tahun sebelumnya adalah sebagai periods are as follows:
berikut:
Imbalan pasca kerja/Post retirement benefits
Permata dan KJG tidak membentuk cadangan Permata and KJG did not provide for employee
imbalan pasca kerja, karena jumlahnya tidak benefit liability, since the amount is immaterial.
material.
Seluruh beban imbalan kerja karyawan jangka All the employees benefits expenses of the Group
panjang Kelompok Usaha disajikan sebagai akun are presented as Operating Expenses - Salaries
Beban Operasi - Gaji dan Kesejahteraan and Employees Benefits account in the
Karyawan di dalam laporan laba rugi komprehensif consolidated statements of comprehensive income.
konsolidasian.
Manajemen Kelompok Usaha berpendapat bahwa The management of the Group believes that the
program jaminan hari tua cukup untuk retirements benefits program adequately cover the
menutupi semua imbalan yang diatur dalam benefits to be provided based on Law No. 13/2003.
UU No. 13/2003.
143
395 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
37. SALDO DAN TRANSAKSI SIGNIFIKAN 37. SIGNIFICANT BALANCES AND TRANSACTIONS
DENGAN PIHAK-PIHAK BERELASI WITH RELATED PARTIES
Dalam kegiatan usaha normal, Kelompok Usaha In the normal course of business, the Group
melakukan transaksi usaha dan bukan usaha entered into trade and other transactions with
dengan pihak-pihak berelasi, yang terafiliasi related parties, which are affiliated with the Group
dengan Kelompok Usaha melalui kepemilikan through equity ownership, either direct or indirect,
langsung dan tak langsung, dan/atau di bawah and/or under common control. Sales or purchase
kendali pihak yang sama. Harga jual atau beli price among related parties is made based on
antara pihak-pihak berelasi ditentukan terms agreed by the parties, which may not be the
berdasarkan persyaratan yang disetujui oleh same as those of the transactions between
kedua belah pihak, yang mungkin tidak sama unrelated parties.
dengan transaksi lain yang dilakukan dengan
pihak-pihak yang tidak berelasi.
Rincian sifat hubungan dan jenis transaksi yang The details of nature of relationship and types of
signifikan dengan pihak-pihak berelasi adalah significant transactions with related parties are as
sebagai berikut: follows:
Pihak-pihak berelasi/ Sifat hubungan/ Jenis transaksi/
Related parties Nature of relationship Nature of transactions
PT Bank Mandiri (Persero) Tbk Dikendalikan oleh Pemerintah Penempatan giro. deposito
Pusat Republik Indonesia/ berjangka yang tidak dibatasi
Controlled by the Central penggunaannya, kas yang dibatasi
Government of the Republic penggunannya, fasilitas Non Cash Loan,
of Indonesia fasilitas Bill Purchasing Line, fasilitas Kredit
Modal Kerja dan fasilitas Treasury Line/
Placement of current accounts, placement
of unrestricted time deposits, placement
of restricted cash, Non Cash Loan facility,
Bill Purchasing Line facility, Working
Capital facility and Treasury Line facility
PT Bank Negara Indonesia (Persero) Tbk Dikendalikan oleh Pemerintah Penempatan giro, deposito
Pusat Republik Indonesia/ berjangka yang tidak dibatasi
Controlled by the Central penggunaannya dan fasilitas kredit
Government of the Republic investasi/Placement of current accounts,
of Indonesia placement of unrestricted time deposits
and investment credit facility
PT Bank Rakyat Indonesia (Persero) Tbk Dikendalikan oleh Pemerintah Penempatan giro, deposito
Pusat Republik Indonesia/ berjangka yang tidak dibatasi
Controlled by the Central penggunaannya, fasilitas Standby Letter
Government of the of Credit, fasilitas bank garansi dan fasilitas
Republic of Indonesia penangguhan jaminan impor/Placement
of current accounts, placement of
unrestricted time deposits, Standby Letter
of Credit Facility, bank guarantee facility and
guarantee of suspension of import facility
PT Bank Tabungan Negara (Persero) Tbk Dikendalikan oleh Pemerintah Penempatan giro dan deposito
Pusat Republik Indonesia/ berjangka yang tidak dibatasi
Controlled by the Central penggunaannya/Placement of
Government of the Republic current accounts and unrestricted
of Indonesia time deposits
PT Bank Mandiri Syariah Dikendalikan oleh Pemerintah Deposito berjangka yang tidak
Pusat Republik Indonesia/ dibatasi penggunaannya/
Controlled by the Central Placement of unrestricted time deposits
Government of the Republic
of Indonesia
PT Pertamina Hulu Energi Dikendalikan oleh PT Pertamina Uang muka pembelian gas bumi,
West Java Madura Offshore (WJMO), (Persero)/Controlled by pemasok gas, pelanggan. uang muka
PT Pertamina EP, PT Pertamina Gas PT Pertamina (Persero) ship or pay pemasok gas/Advance of
(Pertagas) take or pay, gas supplier, customer,
advance of ship or pay gas supplier
144
396 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
37. SALDO DAN TRANSAKSI SIGNIFIKAN 37. SIGNIFICANT BALANCES AND TRANSACTIONS
DENGAN PIHAK-PIHAK BERELASI (lanjutan) WITH RELATED PARTIES (continued)
Pihak-pihak berelasi/ Sifat hubungan/ Jenis transaksi/
Related parties Nature of relationship Nature of transactions
PT Indonesia Power, PT PLN Batam Dikendalikan oleh PT Perusahaan Pelanggan, transmisi gas/Customer,
PT PLN Salamander Listrik Negara (Persero)/Controlled gas transmission
by PT Perusahaan Listrik Negara
(Persero)
PT Perusahaan Listrik Negara (Persero) Dikendalikan oleh Pemerintah Pelanggan/Customer
(PLN), PT Barata Indonesia (Persero) Pusat Republik Indonesia/
PT Iglas (Persero), PT Kertas Leces Controlled by the Central
(Persero), PT Wijaya Karya Intrade, Government of the Republic of
PT Wijaya Karya Beton, PT Krakatau Indonesia
Daya Listrik, PT Indofarma (Persero)
Tbk
Lembaga Pembiayaan Dikendalikan oleh Pemerintah Debitur obligasi/Bond debtor
Ekspor Indonesia (LPEI), PT Aneka Pusat Republik Indonesia/
Tambang (Persero) Tbk, Perum Controlled by the Central
Pegadaian, PT Pertamina (Persero) Government of the Republic of
Indonesia
Pemerintah Republik Indonesia Pemegang saham mayoritas/ Investasi jangka pendek/
Majority Shareholder Short-term investment
PT Nusantara Regas Perusahaan Asosiasi Pemasok gas, penyertaan saham/Gas
Pemerintah/ supplier, investment in shares
Associate and Government- of stock
related entity
PT Gas Energi Jambi Entitas asosiasi/ Penyertaan saham/Investment in shares
Associate of stock
Transaksi-transaksi signifikan dengan pihak-pihak Significant transactions with related parties are as
berelasi adalah sebagai berikut: follows:
Tahun yang berakhir pada tanggal
31 Desember/Years ended December 31,
2013
Disajikan kembali/
2014 As restated
145
397 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
37. SALDO DAN TRANSAKSI SIGNIFIKAN 37. SIGNIFICANT BALANCES AND TRANSACTIONS
DENGAN PIHAK-PIHAK BERELASI (lanjutan) WITH RELATED PARTIES (continued)
Saldo-saldo signifikan dengan pihak-pihak berelasi Significant balances with related parties are as
adalah sebagai berikut: follows:
Kas dan setara kas dan kas yang dibatasi Cash and cash equivalents and restricted cash
penggunaannya (Catatan 5 dan 6) (Notes 5 and 6)
Pada tanggal 31 Desember 2014 dan 2013, saldo As of December 31, 2014 and 2013, the balances
kas dan setara kas dan kas yang dibatasi of cash and cash equivalents and restricted cash
penggunaannya yang ditempatkan pada entitas placed in government-related entities amounted to
yang berelasi dengan Pemerintah masing-masing 18.22% and 28.55%, respectively, from the total
sebesar 18,22% dan 28,55% dari total aset consolidated assets.
konsolidasian.
Investasi jangka pendek (Catatan 7) Short-term investments (Note 7)
Pada tanggal 31 Desember 2014 dan 2013, saldo As of December 31 , 2014 and 2013, the balances
investasi jangka pendek yang ditempatkan pada of short-term investments placed in government-
entitas yang berelasi dengan Pemerintah masing- related entities amounted to 1.50% and 1.98%,
masing sebesar 1,50% dan 1,98% dari total aset respectively, from the total consolidated assets.
konsolidasian.
Saldo-saldo signifikan dengan pihak-pihak berelasi Significant balances with related parties are as
adalah sebagai berikut (lanjutan): follows (continued):
Piutang usaha (Catatan 8) Trade receivables (Note 8)
31 Desember/December 31,
2013
Disajikan kembali/
2014 As restated
Dari total piutang usaha tersebut di atas. Kelompok From the above total trade receivables. the Group
Usaha mencadangkan kerugian penurunan nilai provides allowance for impairment losses on
atas piutang disebabkan adanya indikasi receivables due to indications of impairment.
penurunan nilai.
Uang muka (Catatan 11) Advances (Note 11)
Pada tanggal 31 Desember 2014 dan 2013, saldo As of December 31, 2014 and 2013, the balances
uang muka yang ditempatkan pada entitas yang of advances placed in government-related entities
berelasi dengan Pemerintah masing-masing amounted to 1.22% and 1.82%, respectively, from
sebesar 1,22% dan 1,82% dari total aset the total consolidated assets.
konsolidasian.
146
398 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
37. SALDO DAN TRANSAKSI SIGNIFIKAN 37. SIGNIFICANT BALANCES AND TRANSACTIONS
DENGAN PIHAK-PIHAK BERELASI (lanjutan) WITH RELATED PARTIES (continued)
Saldo-saldo signifikan dengan pihak-pihak berelasi Significant balances with related parties are as
adalah sebagai berikut (lanjutan): follows (continued):
Pada tanggal 31 Desember 2014 dan 2013, saldo As of December 31, 2014 and 2013, the balances
penyertaan saham yang ditempatkan pada entitas of investment in shares of stock placed in
yang berelasi dengan Pemerintah masing-masing government-related entities amounted to 1.78%
sebesar 1,78% dan 2,21% dari total aset and 2.21%, respectively, from the total
konsolidasian. consolidated assets.
2013
Disajikan kembali/
2014 As restated
Pada tanggal 31 Desember 2014 dan 2013, saldo As of December 31, 2014 and 2013, the balances of
pinjaman jangka panjang yang ditempatkan pada long-term loans placed in government-related
entitas yang berelasi dengan Pemerintah masing- entities amounted to 16.21% and 38.28%,
masing sebesar 16,21% dan 38,28% dari total respectively, from the total consolidated liabilities.
liabilitas konsolidasian.
147
399 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
37. SALDO DAN TRANSAKSI SIGNIFIKAN 37. SIGNIFICANT BALANCES AND TRANSACTIONS
DENGAN PIHAK-PIHAK BERELASI (lanjutan) WITH RELATED PARTIES (continued)
2013
Disajikan kembali/
2014 As restated
Komisaris Commissioners
Imbalan jangka pendek 2.860.433 3.020.936 Short-term benefits
Imbalan pasca kerja 172.020 190.465 Post retirement benefits
Imbalan jangka panjang
lainnya 17.273 18.316 Other long-term benefits
Direksi Directors
Imbalan jangka pendek 8.206.940 8.380.979 Short-term employee benefits
Imbalan pasca kerja 920.445 610.935 Post retirement benefits
Imbalan jangka panjang
lainnya 97.892 44.655 Other long-term benefits
38. LIABILITAS PEMBONGKARAN ASET DAN 38. ASSET ABANDONMENT AND SITE
RESTORASI AREA DAN PROVISI LAIN-LAIN RESTORATION OBLIGATIONS AND OTHER
PROVISIONS
Mutasi liabilitas restorasi dan pembongkaran aset The movement in site restoration and
adalah sebagai berikut: abandonment obligations are presented below:
31 Desember/December 31,
2013
Disajikan kembali/
2014 As restated
148
400 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
38. LIABILITAS PEMBONGKARAN ASET DAN 38. ASSET ABANDONMENT AND SITE
RESTORASI AREA DAN PROVISI LAIN-LAIN RESTORATION OBLIGATIONS AND OTHER
(lanjutan) PROVISIONS (continued)
Estimasi terkini untuk biaya pembongkaran aset The current estimates for the asset abandonment
dan restorasi area yang ditinggalkan tidak dihitung and site restoration obligations were determined by
oleh konsultan independen, tetapi dilakukan oleh management, not by an independent consultant.
pihak manajemen. Manajemen berkeyakinan Management believes that the accumulated
bahwa akumulasi penyisihan pada tanggal provisions as of the dates of the consolidated
laporan posisi keuangan konsolidasian telah statements of financial position are sufficient to
cukup untuk menutup semua liabilitas yang timbul meet the environmental obligations resulting from
dari kegiatan restorasi area dan pembongkaran future site restoration and asset abandonment.
aset.
Tingkat suku bunga diskonto yang dipergunakan The discount rate of 4.62% and 5.2% was used in
dalam perhitungan pada tanggal 31 Desember the calculation of the position as of December 31,
2014 dan 2013 masing-masing sebesar 4,62% 2014 and 2013, respectively.
dan 5,2%.
Rekening yang dicadangkan di atas ditempatkan The above escrow accounts are placed in PT Bank
di PT Bank Mandiri (Persero) Tbk untuk mendanai Mandiri (Persero) Tbk for the funding of
liabilitas pembongkaran aset dan restorasi area abandonment and site restoration obligations
sehubungan dengan operasi minyak dan gas. relating to oil and gas operations.
Pada tahun 2013, Kementerian BUMN menerbitkan In 2013, the Ministry of State Owned Entities
Peraturan Menteri BUMN No. PER-08/MBU/2013 issued State Owned Entities Ministrys Regulation
tentang Perubahan keempat atas Peraturan No. PER-08/MBU/2013 on Fourth Amendment to
Menteri BUMN Nomor PER-05/MBU/2007 tentang Ministrys Regulation No. PER-05/MBU/2007 on
Program Kemitraan BUMN dengan Usaha Kecil Partnership and Community Development Program
dan Program Bina Lingkungan (PERMEN). (PERMEN). This PERMEN was issued among
PERMEN ini diterbitkan antara lain mengacu others by referencing to the Government of the
kepada Peraturan Pemerintah No. 47 Tahun 2012 Republic of Indonesia No. 47 Tahun 2012 dated
bertanggal 4 April 2012 yang mengatur antara lain April 4, 2012, which regulates, among other, that
bahwa Perseroan yang menjalankan usahanya di Entity engages in business and/or relates to natural
bidang dan/atau berkaitan dengan sumber daya resources has obligation to conduct social and
alam berkewajiban melaksanakan tanggung jawab environment responsibility. Such PERMEN among
sosial dan lingkungan. PERMEN tersebut antara others, regulate that the listed entities budget to
lain mengatur anggaran bagi persero terbuka untuk conducting partnership (PK) and community
Dana Program Kemitraan (PK) dan Dana development (BL) for 2013 onwards are taken
Program Bina Lingkungan (BL) mulai tahun 2013 from the entitys budget which is determined
bersumber dari anggaran perusahaan yang maximum 2% of prior years net income,
besarnya masing-masing maksimal 2% dari laba respectively, such budget is approved by the Board
bersih tahun sebelumnya, yang ditetapkan oleh of Commissioners, which funds shall be transferred
Dewan Komisaris, yang dananya disetorkan ke to a designated bank accounts at least 45 days
rekening terpisah selambat-lambatnya 45 hari after the Board of Commissioners approval. For
setelah penetapan oleh Dewan Komisaris. Untuk the year ended December 31, 2014 and 2013, the
tahun yang berakhir pada tanggal-tanggal budget as established in the Companys budget
31 Desember 2014 dan 2013, jumlah yang amounting to US$15,728,800 and Nil, respectively.
ditetapkan dalam anggaran Perusahaan adalah
US$15,728,800 dan Nihil.
149
401 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Untuk tahun yang berakhir pada tanggal For the year ended December 31, 2014 and 2013,
31 Desember 2014 dan 2013 Perusahaan telah the Company has recorded the Corporate Social
mencatat beban atas Tanggung Jawab Sosial dan and Environmental Responsibility expense in
Lingkungan pada operasi berjalan yang disajikan current operations which is presented as part of
pada akun Beban Umum dan Administrasi - General and Administrative Expenses - Corporate
Tanggung Jawab Sosial dan Bina Lingkungan Social and Environmental Responsibility (CSR)
pada laporan laba rugi komprehensif konsolidasian account in the consolidated statements of
masing-masing sebesar US$11.299.213 dan Nihil comprehensive income (Note 30) amounting to
(Catatan 30). US$11,299,213 and Nil, respectively.
Untuk memenuhi ketentuan dalam PERMEN, dana In order to comply with the PERMEN, the fund
yang berasal dari anggaran yang penetapannya arising from the budget, which is approved by the
disetujui oleh Dewan Komisaris tersebut Board of Commissioners, are deposited into
ditempatkan dalam rekening bank terpisah. Saldo designated bank accounts. The balance of such
dana dalam rekening bank tersebut pada tanggal- fund as of December 31, 2014 and 2013 amounting
tanggal 31 Desember 2014 dan 2013 adalah to US$4,024,797 and Nil, respectively, which are
sebesar US$4.024.797 dan Nihil, yang dilaporkan reported as part of cash and cash equivalent in the
sebagai bagian kas dan setara kas pada laporan statements of consolidated financial position
posisi keuangan konsolidasian (Catatan 5). (Note 5).
Kelompok Usaha mengadakan perjanjian- The Group has the following significant
perjanjian penting sebagai berikut: agreements:
Perusahaan The Company
1. Perjanjian Jual Beli Gas (PJBG) 1. Gas Sale and Purchase Agreements (GSPA)
Perusahaan harus membeli dan membayar The Company is required to buy and pay for the
jumlah pembelian minimum per minimum purchase quantity per
tahun/kwartal/bulan untuk setiap PJBG di year/quarter/month for each of the GSPA below.
bawah ini. Perbedaan antara jumlah kuantitas The difference between the purchased quantity
pembelian nyata dan kuantitas pembelian and the minimum purchase quantity is recorded
minimum dicatat sebagai Make-Up Gas, yang as Make-Up Gas, which can be realized
dapat direalisasikan setiap saat jika kuantitas anytime if the minimum quantity or part of
minimum atau bagian dari Jumlah Kontrak Annual/Quarterly/Monthly Contract Quantity
Tahunan/Kwartalan/Bulanan (mana yang (which applicable in accordance of respective
berlaku sesuai dengan ketentuan dalam GSPA) has been taken or at a specified
masing-masing PJBG) telah diambil pada year/quarter/month during the period of the
tahun/kwartal/bulan tertentu selama jangka agreement. The outstanding balance of the
waktu perjanjian. Saldo Make-Up Gas Make-Up Gas is presented as part of
disajikan sebagai bagian dari Uang Muka Advances in the consolidated statements of
pada laporan posisi keuangan konsolidasian financial position (Note 11).
(Catatan 11).
150
402 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
1. Perjanjian Jual Beli Gas (PJBG) (lanjutan) 1. Gas Sale and Purchase Agreements (GSPA)
(continued)
PT Pertamina EP PJBG Palembang DOH Sumatera 2,343 BSCF 17 Dec. 1999 7 Oct. 20121]2]
Selatan
PT Pertamina EP PJBG Medan - Lapangan minyak 7 MMSCFD 4 Apr. 2002 31 Mar. 20156]
dan gas bumi (2013 & 2014)
PT Pertamina EP 6 MMSCFD
(2015)
area kerja Asset 1
- Lapangan Arbei, 2 MMSCFD
Blok Gebang (2013)
1,5 MMSCFD
(2014)
1 MMSCFD
(2015)
PT Pertamina EP PJBG Cirebon Lapangan minyak Titik serah 4 Apr. 2002 31 Mar.20156]
dan gas bumi Randegan:
PT Pertamina EP 2,5 MMSCFD
Region Jawa, Jawa
Bagian Barat Titik Serah
Sunyaragi:
1,5 MMSCFD
(2013)
2 MMSCFD
(2014 dan 2015)
PT Pertamina EP PJBG Sumatera DOH Sumatera 1.006 TSCF 26 Jun. 2003 31 Dec. 20251]
Selatan - Jawa Selatan
Barat
PT Pertamina EP PJBG EEJW Jatirarangon 2,5 BBTUD (19 26 Jul. 2004 18 Oct. 20156]
Oct 31 Dec
2014) 3.5 BBTUD
(1 Jan - 18 Oct
2015)
ConocoPhillips PJBG Batam I Corridor Block 225 TBTU 9 Jul. 2004 12 Oct. 20191]
(Grissik) Ltd.
ConocoPhillips PJBG Corridor Corridor Block 2.310 TBTU 9 Aug. 2004 30 Sep. 2023
(Grissik) Ltd. Block - Jawa
barat
ConocoPhillips PJBG Batam II Corridor Block 65.8 TBTU 12 Dec. 2004 11 Dec. 20191]
(Grissik) Ltd.
151
403 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
1. Perjanjian Jual Beli Gas (PJBG) (lanjutan) 1. Gas Sale and Purchase Agreements (GSPA)
(continued)
ConocoPhillips Amendment and Corridor Block 12.5 BBTUD 31 May 31 May 2015
(Grissik) Ltd. Restatement to 2010
Replace IGSPA to
GSPA
Lapindo Brantas. Amendment and Lapangan Wunut 112.580 BSCF 29 Dec. 2003 31 Dec. 2015
Inc. Restatement of (until Dec 31.
PJBG Lapindo 2011)
As it is (since
Jan 1. 20125]
PT Pertamina Hulu PJBG PHE WMO West Madura 18 BBTUD 19 Dec. 2006 31 Dec. 2015
6]
Energy West Offshore (2014)
Madura Offshore, 11 BBTUD (2015)
Kodeco Energy Co.
Ltd. dan PT Mandiri
Madura Barat
Santos (Madura GSA Santos Maleo field 351 BCF4] 14 Jul. 2007 13 Jul. 2019
Offshore) Pty. Ltd. Maleo
PC Madura Ltd,
dan PT Petrogas
Pantai Madura
Husky CNOOC GSA Husky Madura BD field 20 MMSCFD 30 Oct. 2007 20 tahun dari
Madura Ltd tanggal
dimulai/20
years from
start date
PT Bayu Buana PJBG BBG Lapangan Terang 22.735 TBTU 30 Nov. 2011 31 Dec. 2020
Gemilang (BBG) Sirasun Batur
PT Walinusa PJBG WNE Lapangan Terang 32.429 TBTU 12 Jan. 2012 31 Dec. 2020
Energi (WNE) Sirasun Batur
PT Inti Daya Latu PJBG IDLP Blok Jambi Merang 5 BBTUD3] 7 Feb. 2012 9 Feb. 2019
Prima (IDLP)
PT Indogas Kriya PJBG IKD Lapangan Terang 20 BBTUD 17 Feb. 2012 31 Dec. 2020
Dwiguna (IKD) Sirasun Batur
PT Sadikun PJBG SNR Lapangan Terang 40,6 TBTU 11 Apr. 2012 31 Dec. 2020
Niagamas Raya Sirasun Batur
(SNR)
152
404 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
1. Perjanjian Jual Beli Gas (PJBG) (lanjutan) 1. Gas Sale and Purchase Agreements (GSPA)
(continued)
PT PDPDE Gas PJBG PDPDE Blok Jambi Merang 10.700 BBTU 1 Jan. 2013 9 Feb. 20191]7]
Sampai dengan tanggal penyelesaian laporan Up to the completion date of the consolidated
keuangan konsolidasian, perjanjian-perjanjian financial statements those agreements have
tersebut belum jatuh tempo dan belum not been expired and the contracted quantity is
mencapai jumlah yang diperjanjikan. not fully delivered yet.
2. Perjanjian Penyaluran Gas melalui East 2. Transportation Gas Agreement through
Java Gas Pipeline System (EJGP) East Java Gas Pipeline System (EJGP)
Pada tanggal 10 Juni 2005, Perusahaan dan On June 10, 2005, the Company and
PT Pertamina (Persero) (Pertamina) PT Pertamina (Persero) (Pertamina) entered
menandatangani Perjanjian Penyaluran Gas into a Gas Distribution Agreement through
melalui East Java Gas Pipeline System East Java Gas Pipeline System (EJGP)
(EJGP), dimana Pertamina setuju memberikan whereby Pertamina agreed to provide gas
jasa transportasi gas dari titik hubung antara transportation from the linking point between
pipa percabangan Maleo (tie-in Maleo Spur) Maleo fork (tie-in Maleo Spur) pipe to the
sampai titik penyerahan. Perjanjian ini akan delivery point. This agreement will be
berakhir delapan tahun sejak tanggal mulai terminated in eight years after the agreed
yang disepakati atau berakhirnya Perjanjian starting date or until the termination of the Gas
Penjualan Gas antara Perusahaan dan Sales Agreement between the Company and
Madura Offshore PSC Contractors mana yang Madura Offshore PSC Contractors whichever
lebih dahulu. comes first.
153
405 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Pada tanggal 21 Mei 2010, Perusahaan dan On May 21, 2010, the Company and Pertagas
Pertagas menandatangani Amandemen signed an amendment agreement which added
Kesepakatan Bersama yang menambahkan Citarik-Tegal Gede sections and on March 11,
ruas Citarik-Tegal Gede dan pada tanggal 11 2011, related to addition of transfer point of
Maret 2011 terkait penambahan titik serah Nagrak - Bitung and Bitung - Cilegon.
pada ruas Nagrak-Bitung dan Bitung - Cilegon.
Perjanjian ini telah mengalami beberapa kali This agreement has been amended several
perubahan, yang terakhir dengan perjanjian times, most recently by the agreement dated
tanggal 16 Mei 2014 dan 16 Oktober 2014 May 16, 2014 and October 16, 2014 related to
terkait dengan kapasitas yang disediakan the capacity provided for gas transportation
untuk pengangkutan gas sebesar 3,3 amounting to 3.3 MMSCFD and extention term
MMSCFD dan perpanjangan waktu perjanjian of the agreement untul October 18, 2015 or
sampai dengan 18 Oktober 2015 atau telah until Reserve Capacity has been fulfilled,
terpenuhnya Reserve Capacity, mana yang whichever comes first.
lebih dahulu terjadi.
154
406 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Pada tanggal 15 Agustus 2011, On August 15, 2011, the Company and
Perusahaan dan PLN telah PLN entered into the amendment and
menandatangani amandemen dan restatement of Transportation Gas
pernyataan kembali Perjanjian Agreement through Gas Transmision
Pengangkutan Gas melalui Jaringan Pipa Pipeline South Sumatera - West Java for
Transmisi Sumatera Selatan - Jawa Bagian power center in Muara Tawar (source of
Barat untuk pusat listrik Muara Tawar gas from Jambi Merang) from Grissik to
(sumber gas dari Jambi Merang) dari Muara Bekasi whereby the Company
Grissik ke Muara Bekasi dimana agreed to provide gas transportation
Perusahaan setuju memberikan jasa service from Pulau Gading field and
transportasi gas dari lapangan Pulau Sungai Kenawang field in Grissik to
Gading dan Lapangan Sungai Kenawang di Muara Bekasi. The interruptible capacity
Grissik sampai dengan Muara Bekasi. provided for gas transportation amounting
Kapasitas interruptible yang disediakan to:
untuk pengangkutan gas tersebut sebesar:
Perjanjian berlaku untuk 9 tahun sejak This agreement is valid for 9 years,
tanggal dimulainya pengangkutan gas. starting from the date of the gas delivery.
Pada tanggal 4 Februari 2014, Perusahaan On February 4, 2014, the Company and
dan PLN telah menandatangani Perjanjian PLN has signed Transportation Gas
Pengangkutan Gas Melalui Sistem Agreement through North Sumatera
Jaringan Pipa Transmisi Gas Sumatera Transportation Pipeline System
Utara, dimana Perusahaan setuju (Agreement) whereby the Company
memberikan jasa transportasi gas dari Titik agreed to provide transportation services
Terima sampai dengan Titik Serah. from Receiving Point into Delivery Point.
Perjanjian berlaku sejak Tanggal Dimulai The agreement is valid from the start date
sampai dengan 5 tahun atau sampai up to 5 years or until the Gas Sales
dengan berakhirnya PJBG antara PLN Agreement (GSA) between PLN and PT
dengan PT Pertamina EP untuk gas dari Pertamina EP (Persero) for gas from
sumur Benggala-1. Benggala-1 wells ended.
155
407 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
5. Perjanjian Swap Gas Premier Oil 5. Premier Oil Swap Gas Agreement
Pada tanggal 7 November 2013, Premier Oil On November 7, 2013, Premier Oil Natuna Sea
Natuna Sea B.V. (Premier), Sembcorp Gas B.V. (Premier), Sembcorp Gas Pte. Ltd.
Pte. Ltd. (SembGas), Gas Supply Pte Ltd. (SembGas), Gas Supply Pte Ltd. (GSPL),
(GSPL), ConocoPhillips (Grissik) Ltd. (CPGL) ConocoPhillips (Grissik) Ltd. (CPGL) as the
sebagai representatif Pertamina, Perusahaan representative of Pertamina, the Company (act
(bertindak untuk dirinya sendiri dan atas nama for itself and on behalf of PLN and PT Banten
PLN dan PT Banten Global Development) dan Global Development) and ConocoPhillips
ConocoPhillips Indonesia Inc. Ltd. (COPI) Indonesia Inc. Ltd. (COPI) entered into a
menandatangani Perjanjian Swap Dalam Natuna Sea Block A Domestic Swap
Negeri Blok A Laut Natuna. Dimana dalam Agreement. In this agreement, the Company
perjanjian tersebut Perusahaan setuju untuk agreed to receive swap gas at Corridor Block
menerima swap gas di Titik Penyerahan Delivery Point and deliver the swap gas with
Corridor Block dan mengalirkan swap gas capacity to be delivered based on the gas
tersebut sesuai kapasitas pengaliran sesuai availability from each parties in West Java.
dengan pasokan masing-masing pihak di Jawa
Barat.
Perjanjian ini akan berlaku sampai dengan This agreement is valid until the earliest date
tanggal yang lebih awal dari: of:
a. Tanggal yang jatuh tempo dari delapan a. The maturity date from eighteen (18)
belas (18) bulan setelah tanggal dimulai; months after the start date;
b. Tanggal ketika keseluruhan kuantitas b. The date the aggregate of Premier
Swap Premier yang diserahkan di Titik Delivered Swap quantities delivered at the
Penyerahan GSA2 sama dengan GSA2 Delivery Point equals with the
Kuantitas Swap Maksimum; Maximum Swap Quantity;
c. Pengiriman pertama Gas berdasarkan c. First delivery of gas under one of Batam
salah satu GSA Batam; GSAs;
d. Berakhirnya perjanjian - perjanjian lain d. The termination of the other agreements
yang terkait dengan gas swap tersebut. related to swap gas.
156
408 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
c. Pada tanggal 3 April 2006, Perusahaan c. On April 3, 2006, the Company and the
dan Pemerintah mengadakan Government entered into the related
Perjanjian Penerusan Pinjaman Subsidiary Loan Agreement
No. SLA-1201/DP3/2006, dimana No. SLA-1201/DP3/2006, where the
Pemerintah meneruskan hasil pinjaman Government relend the IBRD loan to the
dari IBRD kepada Perusahaan untuk Company, which shall be use to finance
membiayai Proyek Pengembangan Pasar the Domestic Gas Market Development
Gas Domestik. Project.
a. Pada tanggal 2 April 2004, Perusahaan a. On April 2, 2004, the Company entered
dan PT Citraagung Tirta Jatim (CTJ) into a joint operation agreement with
mengadakan perjanjian kerja sama PT Citraagung Tirta Jatim (CTJ) which
operasi yang diaktakan dengan Akta was notarized by Notarial Deed No. 1 of
Notaris No. 1 dari Notaris T. Trisnawati, T. Trisnawati, S.H. Based on the Notarial
S.H. Dalam Akta Notaris tersebut Deed, the Company will provide its land
dinyatakan bahwa Perusahaan akan covering 39,020 square meters located at
menyediakan tanah seluas sekitar Surabaya for CTJ to build a shopping
39.020 meter persegi yang terletak di centre with total value of approximately
Surabaya untuk dibangun pusat Rp336,245,000,000. CTJ is obliged to
perbelanjaan oleh CTJ dengan nilai give compensation to the Company in the
sekitar Rp336.245.000.000. CTJ form of building compensation with total
berkewajiban untuk memberikan value of Rp20,750,000,000, consisting of
kompensasi kepada Perusahaan berupa the Companys office building and the
pendirian bangunan dengan nilai employees house and annual royalty
Rp20.750.000.000, yang terdiri dari payment for Rp200,000,000 including
gedung kantor dan rumah dinas income tax from March 20, 2010 until
Perusahaan serta pembayaran royalti March 20, 2031.
sebesar Rp200.000.000 termasuk pajak
penghasilan setiap tahunnya dari tanggal
20 Maret 2010 sampai dengan
20 Maret 2031.
CTJ akan diberi hak pengelolaan atas CTJ will have the rights to operate the
bangunan pusat perbelanjaan tersebut shopping centre from the completion date
sejak selesainya pembangunan bangunan of the construction of the building
kompensasi atau pada tanggal 2 April compensation or on April 2, 2007,
2007, mana yang tercapai lebih dulu, whichever is earlier, up to the end of the
sampai dengan berakhirnya tahap operational year or the end of the joint
pengelolaan atau pada tanggal operation agreement. At the end of the
berakhirnya perjanjian kerja sama operasi. operational phase, the shopping centre
Pada akhir masa pengelolaan, bangunan will be transferred to the Company. This
pusat perbelanjaan akan menjadi milik agreement is valid for 28 years and will
Perusahaan. Perjanjian ini berlaku selama expire on April 2, 2032.
28 tahun dan akan berakhir pada tanggal
2 April 2032.
157
409 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Berdasarkan Akta Notaris No. 2 tanggal Based on the Notarial Deed No. 2 dated
2 April 2004 dari Notaris T. Trisnawati, April 2, 2004 of T. Trisnawati, S.H.
S.H. mengenai perjanjian pengelolaan regarding operational agreement between
antara Perusahaan dengan CTJ. CTJ the Company and CTJ. CTJ will have the
memperoleh hak pengelolaan, yang rights to utilize, operate, manage, and
meliputi hak menguasai, memanfaatkan, earn the benefit from the shopping centre,
menggunakan, mengelola bangunan and to enter into rental agreements. The
pusat perbelanjaan, memiliki dan Company will give priority to CTJ to obtain
menikmati seluruh hasilnya serta the right to operate and manage the
membuat atau melakukan semua second operational phase for 25 years at
perjanjian sewa menyewa. Apabila tahap the end of the first operational phase
pengelolaan telah berakhir, yaitu pada which is April 2, 2032.
tanggal 2 April 2032. Perusahaan akan
memberikan hak prioritas kepada CTJ
untuk memperoleh hak pengelolaan tahap
kedua dengan jangka waktu 25 tahun.
b. Pada tanggal 10 Maret 2005, Perusahaan b. On March 10, 2005, the Company entered
dan PT Winatek Sinergi Mitra Bersama into a joint operation agreement with
(WSMB) mengadakan perjanjian kerja PT Winatek Sinergi Mitra Bersama
sama operasi dimana Perusahaan akan (WSMB), whereby the Company will
menyediakan lahan yang terletak di provide its land located at Jl. Kyai Haji
Jl. Kyai Haji Zainul Arifin No. 20, Jakarta Zainul Arifin No. 20, Jakarta for WSMB to
kepada WSMB untuk dibangun pusat build a shopping centre and office building
perbelanjaan dan perkantoran termasuk including parking area and other
fasilitas parkir dan fasilitas pendukungnya, facilities with approximately value of
senilai sekitar Rp80.000.000.000 atau Rp80,000,000,000 or equal to the value at
sepadan bangunan minimal 20.000 meter a minimum of a 20,000 square meters
persegi. WSMB berkewajiban untuk building. WSMB is obliged to give initial
memberikan kompensasi awal sebesar compensation amounting to
Rp18.935.005.000 kepada Perusahaan, Rp18,935,005,000 to the Company, in the
berupa bangunan kompensasi seluas form of building compensation with an
12.250 meter persegi. Perusahaan akan area of 12,250 square meters. The
memberikan hak pengelolaan atas Company will give rights to WSMB to
bangunan kompensasi akhir berikut operate the final building compensation
dengan fasilitas pendukungnya kepada including the supporting facilities.
WSMB.
Bangunan kompensasi akhir akan The final building compensation will be
diserahterimakan kepada Perusahaan transferred to the Company at the end of
setelah berakhirnya tanggal efektif the effective date of the joint operation
perjanjian kerja sama operasi. Perjanjian agreement. This agreement is valid for
ini berlaku selama 28 tahun dan 6 bulan 28 years and 6 months from the effective
sejak tanggal efektif perjanjian kerja sama date of the joint operation agreement.
operasi ini. Perjanjian ini akan berlaku This agreement will be effective after
efektif jika beberapa ketentuan dalam certain conditions are satisfied or at the
perjanjian telah terpenuhi atau paling latest until July 1, 2005, whichever is
lambat tanggal 1 Juli 2005, mana yang earlier.
terlebih dahulu.
Perusahaan akan memberikan hak The Company will give priority to WSMB
prioritas kepada WSMB untuk to obtain the right to operate and manage
memperoleh hak pengelolaan tahap the second operational phase for
kedua dengan jangka waktu 25 tahun. 25 years. This agreement has been
Perjanjian ini telah diubah pada tanggal amended on July 28, 2005
28 Juli 2005 (amandemen 1). (amendment 1).
158
410 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
159
411 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
10. Pada tanggal 25 Januari 2012, Perusahaan, 10. On January 25, 2012, the Company,
PT Rekayasa Industri (Rekind) dan Hoegh PT Rekayasa Industri (Rekind) and Hoegh LNG
LNG Limited (Hoegh) menandatangani Limited (Hoegh) entered into Umbrella
Umbrella Agreement terkait dengan Proyek Agreement related to Medan LNG Floating
Fasilitas Penyimpanan dan Regasifikasi Storage and Regasification Facilities (FSRT)
Terapung (FSRT) LNG Medan. Perjanjian ini Project. This agreement is valid until
berlaku sampai dengan 1 September 2013. September 1, 2013.
Pada 19 Maret 2012, Perusahan menerima On March 19, 2012, the Company received a
surat dari Menteri Badan Usaha Milik Negara letter from the Minister of State-Owned
(BUMN) No: S-141/MBU/2012 tentang Enterprises No: S-141/MBU/2012 regarding
Relokasi Proyek FSRT Belawan dan Proyek Projects Relocation of FSRT Belawan and
Revitalisasi LNG Arun yang pada intinya Project Revitalization of LNG Arun which in
meminta kepada agar Perusahaan merelokasi essence asking the Company to relocate the
proyek FSRT LNG dari Medan ke Lampung. LNG project from Medan to Lampung. Based
Berdasarkan surat tersebut maka pada tanggal on the letter, on October 17, 2012, the
17 Oktober 2012, Perusahaan, Rekind dan Company, Rekind and Hoegh entered into an
Hoegh menandatangani Amendment and Amendment and Restatement Umbrella
Restatement Umbrella Agreement terkait Agreement related to relocation of the FSRT
relokasi FSRT Medan ke Lampung. Medan to Lampung.
11. Pada tanggal 25 Januari 2012, Perusahaan 11. On January 25, 2012, the Company and
dan Rekind menandatangani Perjanjian Rekind entered into Engineering, Procurement,
Rekayasa, Pengadaan, Konstruksi, Instalasi Construction, Installation and Commissioning
dan Komisioning (EPCIC) atas Sistem Pipa (EPCIC) of the Pipeline System for Medan LNG
untuk Proyek Fasilitas Penyimpanan dan Floating Storage and Regasification Facilities
Regasifikasi Terapung LNG Medan. Dalam Project Agreement. In this agreement, Rekind
perjanjian ini, Rekind setuju untuk agreed to build mooring system, pipeline
melaksanakan pembangunan mooring system, system and gas station related to Medan LNG
sistem pipa dan stasiun gas terkait dengan FSRT. This agreement is valid until
proyek FSRT LNG Medan. Perjanjian ini March 10, 2014. Based on letter from the
berlaku sampai dengan 10 Maret 2014. Minister of State-Owned Enterprises No: S-
Berdasarkan surat dari Menteri Badan Usaha 141/MBU/2012 above on October 17, 2012, the
Milik Negara (BUMN) No: S-141/MBU/2012 di Company and Rekind entered into an
atas, pada tanggal 17 Oktober 2012, amendment of this agreement related to
Perusahaan dan Rekind menandatangani relocation the FSRT Medan to Lampung.
amandemen perjanjian ini sehubungan dengan
relokasi FSRT Medan ke Lampung.
12. Pada tanggal 25 Januari 2012, Perusahaan, 12. On January 25, 2012, the Company and
dan Hoegh menandatangani perjanjian sewa, Hoegh entered into lease, operation and
operasi dan pemeliharaan atas proyek FSRT maintenance agreement for Medan LNG FSRT
LNG Medan. Dalam perjanjian ini, Hoegh project. In this agreement, Hoegh agreed to
bersedia untuk menyediakan kapal FSRT provide FSRT vessel for 20 years. Based on
untuk jangka waktu selama 20 tahun. letter from the Minister of State-Owned
Berdasarkan surat dari Menteri Badan Usaha Enterprises No: S-141/MBU/2012 above, on
Milik Negara (BUMN) No: S-141/MBU/2012 di October 17, 2012, the Company and Rekind
atas, pada tanggal 17 Oktober 2012. entered into an amendment of this agreement
Perusahaan dan Hoegh menandatangani related to relocation of the FSRT Medan to
amandemen perjanjian ini sehubungan dengan Lampung.
relokasi FSRT Medan ke Lampung.
160
412 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
13. Pada tanggal 18 September 2013, 13. On September 18, 2013, the Company, Hoegh
Perusahaan, Hoegh dan PT Hoegh LNG and PT Hoegh LNG Lampung (Hoegh
Lampung (Hoegh Lampung) menandatangani Lampung) entered into Novation Agreement of
Perjanjian Novasi atas Amendment and Amendment and Restatement Agreement of
Restatement Agreement of the Original Lease, the Original Lease, Operation and Maintenance
Operation and Maintenance dimana hak dan whereby the rights and obligations of Hoegh
kewajiban Hoegh beralih ke Hoegh Lampung. were transfered to Hoegh Lampung.
14. Pada tanggal 21 Februari 2014, Perusahaan, 14. On February 21, 2014, the Company, Rekind,
Rekind, Hoegh, Hoegh Lampung dan PLI Hoegh, Hoegh Lampung and PLI entered into
menandatangani Perjanjian Novasi atas the Novation Agreement for Amended and
Amended and Restated Umbrella Agreement Restated Umbrella Agreement, where the
dimana hak dan kewajiban Perusahaan terkait rights and obligations related to the above
dengan perjanjian tersebut di atas beralih ke agreement of the Company were transferred to
PLI dan hak dan kewajiban Hoegh beralih ke PLI and the rights and obligations of Hoegh
Hoegh Lampung. were transferred to Hoegh Lampung.
15. Pada tanggal 21 Februari 2014, Perusahaan, 15. On February 21, 2014, the Company, PLI and
PLI dan Rekind menandatangani Perjanjian Rekind entered into the Novation Agreement
Novasi atas The Amended and Restated for The Amended and Restated Contract
Contract Agreement Engineering, Agreement Engineering, Procurement,
Procurement, Construction, Installation and Construction, Installation and Commissioning
Commissioning (EPCIC) of The Pipeline (EPCIC) of The Pipeline System for Lampung
System for Lampung LNG Floating Storage LNG Floating Storage and Regasification
and Regasification Facilities Project dimana Facilities Project, where the rights and
hak dan kewajiban Perusahaan terkait dengan obligations related to the above agreement of
perjanjian tersebut di atas beralih ke PLI. the Company were transferred to PLI.
16. Pada tanggal 21 Februari 2014, Perusahaan, 16. On February 21, 2014, the Company, PLI and
PLI dan Hoegh Lampung menandatangani Hoegh Lampung entered into the Novation
Perjanjian Novasi atas Amended and Restated Agreement for Amended and Restated Lease,
Lease,Operation and Maintenance Agreement Operation and Maintenance Agreement, where
dimana hak dan kewajiban Perusahaan terkait the rights and obligations related to the above
dengan perjanjian tersebut di atas beralih ke agreement of the Company were transferred to
PLI. PLI.
Dalam hubungan dengan kegiatan usahanya, In relation to its course of business, the
Transgasindo mengadakan perjanjian Transgasindo entered into firm or interruptible
transportasi gas baik yang bersifat tetap/firm gas transportation agreements with shippers.
maupun tidak tetap/interruptible dengan pihak As of December 31, 2014, the summary of
pengirim/shipper. Pada tanggal 31 Desember outstanding gas transportation agreements
2014, ringkasan perjanjian transportasi gas are as follows:
yang masih berlaku adalah sebagai berikut:
161
413 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
GTA PDPDE Perusahaan Daerah PT Lontar Papyrus 1 Oct. 2011 - Tetap/Firm 8.000 12.000
Pertambangan dan Pulp & Paper 9 Feb. 2019
Energi Sumatera Industry
Selatan (PDPDE)
IGTA PT Inti Daya Latu Prima PLN, Dalle Energy 31 Jan. 2012 - Tidak tetap/ 20.000 20.000
IDLP and Industrial 9 Feb. 2019 /Interruptible
162
414 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
18. Perjanjian yang Berkaitan dengan Jaringan 18. Agreements Related to Grissik - Duri
Pipa Grissik - Duri - Transgasindo Pipeline - Transgasindo
b. Perjanjian Pinjam Pakai Tanah (Borrow b. Borrow and Use of Land Agreement dated
and Use of Land Agreement) tanggal March 9, 2002, whereby the Company
9 Maret 2002, di mana Perusahaan granted permission to Transgasindo for
memberikan izin kepada Transgasindo the use of the plots of land located at the
untuk menggunakan tanah yang terletak Grissik - Duri Transmission Pipeline route
di jalur Jaringan Pipa Transmisi Grissik - and other land used as supporting facility
Duri dan bidang tanah lainnya yang of the Grissik - Duri Transmission Pipeline
digunakan sebagai fasilitas penunjang for the purpose of continued gas
Jaringan Pipa Transmisi Grissik - Duri transmission business activities without
demi kelangsungan kegiatan usaha any compensation.
penyaluran gas, tanpa pembayaran
apapun.
Tanah yang dipinjam dan digunakan, The borrowed and used land, except the
kecuali Tanah Negara, masih berstatus State Land, will still have the status of
tanah yang dikuasai dan/atau dimiliki oleh land acquired and/or owned by the
Perusahaan sampai pada saat Company until such time as the land title
kepemilikan dan/atau hak atas tanah and/or rights is transferred to
tersebut diserahkan kepada Transgasindo, or in respect of the State
Transgasindo, atau dalam hal Tanah Land, until the borrow and use
Negara, sampai perjanjian peminjaman agreements are novated to Transgasindo.
dan penggunaan tanah tersebut dialihkan This agreement is valid for a term of three
kepada Transgasindo. Perjanjian ini years or the execution of the deed of
berlaku selama tiga tahun atau sampai transfer of title and the novation
pada saat pelaksanaan penyerahan hak agreement whichever is earlier, which can
milik atau perjanjian pengalihan, mana be extended by submission of the
yang lebih dulu, yang dapat diperpanjang application not later than one month prior
sampai saat penyampaian permohonan to the expiration of this agreement.
yang tidak melebihi waktu satu bulan
sebelum tanggal berakhirnya perjanjian
ini.
163
415 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
18. Perjanjian yang Berkaitan dengan Jaringan 18. Agreements Related to Grissik - Duri
Pipa Grissik - Duri - Transgasindo (lanjutan) Pipeline Transgasindo (continued)
Jumlah ini akan menjadi piutang dalam This will be receivable in the form of and
bentuk dan dengan penyerahan wesel by delivering to the Company promissory
bayar kepada Perusahaan sesuai dengan notes pursuant to the Grissik - Duri Land
Perjanjian Wesel Bayar Tanah Grissik - Promissory Note Agreement. This
Duri (Grissik - Duri Land Promissory Note agreement is valid up to the execution of
Agreement). Perjanjian ini akan berakhir the deed of transfer of title and the
pada saat pelaksanaan penyerahan hak novation agreement. As of December 31,
atas tanah dan perjanjian novasi. Pada 2006, the Transgasindo has recorded the
tanggal 31 Desember 2006, Transgasindo land wherein the certificates are under the
telah membukukan tanah yang sertifikat Transgasindos name totaling to
tanahnya sudah atas nama Transgasindo US$3,485,040.
sejumlah US$3.485.040.
Pada tanggal 2 Juni 2004, Perusahaan On June 2, 2004, the Company entered
membuat Perubahan Perjanjian terhadap into the Amendment to Agreement on
Perjanjian Pinjam Pakai Tanah Borrow and Use of Land with
(Amendment to Agreement on Borrow and Transgasindo covering among others,
Use of Land) dengan Transgasindo di amendment of the recital by inserting
antaranya perubahan terhadap recital C, amendment of State Land
konsideran dengan menambah definitions, amendment of article 8
konsideran C, perubahan definisi Tanah regarding term of agreement and
Negara, perubahan pasal 8 mengenai amendment of article 9 regarding
jangka waktu perjanjian dan perubahan termination of the agreement and
pasal 9 mengenai pengakhiran perjanjian amendment of Attachment A regarding
dan perubahan Lampiran A mengenai description of lot of lands.
deskripsi tanah.
164
416 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
18. Perjanjian yang Berkaitan dengan Jaringan 18. Agreements Related to Grissik - Duri
Pipa Grissik - Duri - Transgasindo (lanjutan) Pipeline Transgasindo (continued)
165
417 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
166
418 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
167
419 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
168
420 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
20. Pada tanggal 19 Juli 2011, berdasarkan surat 20. On July 19, 2011, based on letter
No. 20649/13/DJM.E/2011, Direktorat Jenderal No. 20649/13/DJM.E/2011, the Directorate
Minyak dan Gas Bumi Kementerian Energi dan General of Oil and Gas, Ministry of Energy and
Sumber Daya Alam menyatakan Konsorsium Natural Resources stated that the Consortium
PT Medco CBM Lematang - PT Methanindo of PT Medco CBM Lematang - PT Methanindo
Energi Resources (MER) - Perusahaan Energi Resources (MER) - are Permanent
sebagai Badan Usaha Tetap dalam Establishment Companies in developing of
pengusahaan Wilayah Kerja Gas Metana Methane Coal Gas (GMB) fieldwork in the Coal
Batubara (GMB) Blok GMB Lematang. Bed Methane (CBM) Lematang Block.
169
421 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
21. Pada tanggal 22 Juli 2011, telah 21. On July 22, 2011, PT Medco E&P Indonesia
ditandatangani Nota Kesepakatan antara (MEPI), PT Sugico Pendragon Energi
PT Medco E&P Indonesia (MEPI), PT Sugico (SUGICO) and SEI entered into Minutes of
Pendragon Energi (SUGICO) dan SEI Understanding regarding Coal Bed Methane
mengenai kerjasama pengembangan Gas (CBM) development. SEI agreed to become a
Metana Batubara (GMB). SEI sepakat untuk partner of Mitra MEPI & SUGICO to develop
menjadi mitra MEPI dan SUGICO pada CBM on Lematang - Petar Block with
pengembangan GMB di Blok Lematang - ownership participating interest of MEPI: 55%,
Petar dengan kepemilikan participating SUGICO: 40%, and SEI: 5%.
interest sebesar MEPI: 55%, SUGICO: 40%,
dan SEI: 5%.
Kerjasama tersebut dituangkan dalam suatu The cooperation will be prepared in a separate
perjanjian tersendiri yang mengatur seluruh agreement which regulates the rights and
hak dan kewajiban para pihak. obligations of the parties.
Biaya-biaya yang terkait dengan pelaksanaan The costs related to PSC CBM implementation
PSC GMB termasuk tetapi tidak terbatas include but not limited to signature bonus, bank
pada signature bonus, bank garansi atas guarantee for signature bonus and
signature bonus dan performance bond performance bond representing the
merupakan beban dan tanggung jawab setiap responsibility of each parties based on their
pihak berdasarkan bagian participating participating interest.
interest masing-masing pihak.
Sehubungan dengan penandatanganan In relation with Production Sharing Contract
Production Sharing Contract (PSC) (PSC) signing for Coal Bed Methane (CBM)
untuk pengusahaan Gas Metana Batubara production, Lematang - Petar Area,
(GMB) Area Lematang - Petar Sumatera South Sumatera, the Company delegated
Selatan, Perusahaan pada tanggal SEI on July 22, 2011 with letter
22 Juli 2011 dengan surat No. 021200.S/HK.02/UT/2011 to sign PSC with
No. 021200.S/HK.02/UT/2011 telah menunjuk Government and act on be half of Company for
SEI untuk menandatangani PSC dengan CBM development cooperation in Lematang -
Pemerintah dan untuk selanjutnya mewakili Petar Block. On August 1, 2011, SKKMIGAS,
Perusahaan dalam hal kerjasama PT Medco CBM Lematang, PT Methanindo
pengembangan GMB di Blok Lematang - Energi Resources (MER) and SEI have signed
Petar. Pada tanggal 1 Agustus 2011, the PSC.
SKKMIGAS, PT Medco CBM Lematang,
PT Methanindo Energi Resources (MER) dan
SEI telah menandatangani PSC.
Pada tanggal 1 Januari 2013, SEI dan MER On January 1, 2013, SEI and MER entered into
menandatangani Deed of Assigment untuk Deed of Assignment for transferring of 5%
pengalihan participating interest SEI sebesar participating interest to MER, and will be
5% kepada MER, yang akan berlaku efektif effective after obtaining the written approval
apabila mendapat persetujuan tertulis dari from the Government of the Republic of
Pemerintah Republik Indonesia dan Indonesia and SKKMIGAS.
SKKMIGAS.
Sampai dengan tanggal penyelesaian laporan Up to the completion date of the consolidated
keuangan konsolidasian, proses financial statements, the approval process is
mendapatkan persetujuan masih dalam still in progress.
proses.
170
422 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
22. Pada tanggal 30 November 2012, PT Saka 22. On November 30, 2012, PT Saka Ketapang
Ketapang Perdana (SKP), Entitas Anak SEI, Perdana (SKP), a Subsidiary of SEI, signed
menandatangani Perjanjian Jual dan Beli Sales and Purchase Agreement of ownership
kepemilikan participating interest sebesar participating interest of 20% on Ketapang Block
20% di Blok Ketapang dengan Sierra Oil with Sierra Oil Services Limited amounted to
Services Limited senilai US$71.000.000. US$71,000,000. This agreement started on
Perjanjian ini berlaku mulai tanggal 1 Januari January 1, 2012 and will be effective after
2012 dan akan efektif apabila perjanjian ini obtaining the approval form by Directorate
telah mendapatkan persetujuan dari General of Oil and Gas of the Republic of
Direktorat Jenderal Minyak dan Gas Republik Indonesia, and also Sierra Oil Services Limited
Indonesia, serta Sierra Oil Services Limited has submitted the JOA (Joint Operating
telah menyerahkan Pengalihan JOA (Joint Agreement) and Gas Sales Agreement
Operating Agreement) dan Gas Sales Novation to SKP.
Agreement kepada SKP.
Pada tanggal 18 Februari 2013, SKP, Entitas On February 18, 2013, SKP, a Subsidiary of
Anak dari SEI, menerima surat persetujuan SEI, received approval from the Directorate
dari Direktorat Jendral Minyak dan Gas General of Oil and Gas of the Republic of
Republik Indonesia mengenai pengalihan Indonesia for the transfer of 20% participating
participating interest sebesar 20% di Blok interest on Ketapang Block from Sierra Oil
Ketapang dari Sierra Oil Services Limited Services Limited to SKP.
kepada SKP.
Pada tanggal 4 Maret 2013, Sierra Oil On March 4, 2013, Sierra Oil Services Limited
Services Limited menyerahkan completion submitted the completion notice to SKP and
notice kepada SKP dan SKP melakukan SKP paid all the transactions on March 7,
pembayaran transaksi pada tanggal 7 Maret 2013.
2013.
23. Pada tanggal 11 Maret 2013, PT Saka 23. On March 11, 2013, PT Saka Bangkanai
Bangkanai Klemantan (SBK), Entitas Anak Klemantan (SBK), a Subsidiary of SEI, entered
dari SEI, menandatangani perjanjian into the transfer agreement of participating
pengalihan kepemilikan participating interest interest ownership of 30% in Bangkanai Block
sebesar 30% di Blok Bangkanai dengan with Salamander Energy (Bangkanai) Limited
Salamander Energy (Bangkanai) Limited amounting to US$27,000,000. This agreement
senilai US$27.000.000. Perjanjian ini berlaku started on January 1, 2013 and will be effective
mulai tanggal 1 Januari 2013 dan akan after obtaining the approval from the Ministry of
berlaku efektif apabila telah mendapatkan Energy and Mineral Resources of the Republic
persetujuan dari Menteri Energi dan Sumber of Indonesia (ESDM) and Salamander Energy
Daya Mineral (ESDM) Republik Indonesia (Bangkanai) Limited has submitted the JOA
serta Salamander Energy (Bangkanai) Novation to SBK.
Limited telah menyerahkan Pengalihan JOA
kepada SBK.
Pada tanggal 31 Mei 2013, Menteri ESDM On May 31, 2013, the Ministry of ESDM of the
Republik Indonesia, melalui suratnya Republic of Indonesia, through its letter
No. 6081/13/DJM.E/2013, menyetujui No. 6081/13/DJM.E/2013, approved the
pengalihan participating interest sebesar transfer of the 30% participating interest in
30% di Blok Bangkanai dari Salamander Bangkanai Block from Salamander Energy
Energy (Bangkanai) Limited kepada SBK. (Bangkanai) Limited to SBK. On June 24, 2013,
Pada tanggal 24 Juni 2013, Salamander Salamander Energy (Bangkanai) Limited has
Energy (Bangkanai) Limited juga telah also submitted the completion notice to SBK
menyerahkan completion notice dan and the Company has paid this amount on
Perusahaan juga telah melakukan June 26, 2013.
pembayaran transaksi pengalihan ini pada
tanggal 26 Juni 2013.
171
423 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
24. Pada tanggal 12 September 2013, PT Saka 24. On September 12, 2013, PT Saka Indonesia
Indonesia Sesulu (SIS), Entitas Anak dari Sesulu (SIS), a Subsidiary of SEI, signed Sales
SEI, menandatangani Perjanjian Jual dan and Purchase Agreement of ownership 100%
Beli kepemilikan pengalihan kepemilikan on South Sesulu Block, East Kalimantan with
dengan participating interest sebesar 100% Hess (Indonesia-South Sesulu) Limited
di Blok South Sesulu, Kalimantan Timur amounted to US$100, which amount, subject to
dengan Hess (Indonesia-South Sesulu) the adjustments on the completion date. This
Limited senilai US$100, dimana nilai agreement started on July 1, 2013 and will be
tersebut, termasuk dengan penyesuaian- effective after obtaining the approvals from the
penyesuaian yang terjadi pada saat tanggal Ministry of Energy and Mineral Resources
penyelesaian. Perjanjian ini berlaku mulai (ESDM) and SKKMIGAS.
tanggal 1 Juli 2013 dan akan efektif apabila
perjanjian ini telah mendapatkan persetujuan
dari Menteri Energi dan Sumber Daya
Mineral (ESDM) dan SKKMIGAS.
Pada tanggal 20 Desember 2013, Menteri On December 20, 2013, the Ministry of ESDM
ESDM Republik Indonesia, melalui suratnya of the Republic of Indonesia, through its letter
No. 13909/13/DJM.E/2013, menyetujui No. 13909/13/DJM.E/2013, approved the
pengalihan participating interest sebesar transfer of the 100% participating interest in
100% di Blok South Sesulu dari Hess South Sesulu Block from Hess (Indonesia-
(Indonesia-South Sesulu) Limited kepada South Sesulu) Limited to SIS. On February 6,
SIS. Pada tanggal 6 Februari 2014, 2014, SKKMIGAS has approved the transfer.
SKKMIGAS telah menyetujui pengalihan ini.
25. Pada tanggal 16 Januari 2014, 25. On January 16, 2014, PT Saka Energi
PT Saka Energi Sumatera (SES) (dahulu Sumatera (SES) (formerly PT Saka Lematang),
PT Saka Lematang), Entitas Anak dari SEI, a Subsidiary of SEI, signed Sales and
menandatangani Perjanjian Jual Beli Purchase Agreement of participating interest in
participating interest di Sumatera bagian South East Sumatra with KNOC Sumatra Ltd.
tenggara dengan KNOC Sumatra Ltd. (KNOC) which KNOC as the seller and SES as
(KNOC) dimana KNOC sebagai penjual dan the buyer with purchase price amounting to
SES sebagai pembeli dengan nilai pembelian US$49,901,448.
US$49.901.448.
Pada tanggal 8 Juli 2014, SES menerima On July 8, 2014, SES received approval from
surat persetujuan dari Direktorat Jendral the Directorate General of Oil and Gas of the
Minyak dan Gas Republik Indonesia atas Republic of Indonesia for the transfer of this
pengalihan tersebut. transfer.
Pengalihan ini memperoleh persetujuan dari This transfer was approved by SKK Migas on
SKK Migas pada tanggal 8 Agustus 2014. August 8, 2014.
Pada tanggal 28 November 2014, KNOC On November 28, 2014, KNOC submitted the
menyerahkan completion notice kepada SES completion notice to SES and SES paid all the
dan SES melakukan pembayaran transaksi transactions on December 12, 2014.
pada tanggal 12 Desember 2014.
172
424 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
26. Pada tanggal 5 Mei 2014, SEI, melalui Saka 26. On May 5, 2014, SEI, through Saka Energi
Energi Fasken LLC (Fasken), melakukan Fasken LLC (Fasken), has entered into an
perjanjian akuisisi participating interest acquisition agreement to acquire a 36%
sebesar 36% dari Swift Energy Operating participating interest from Swift Energy
LLC (Swift Energy) di Fasken Shale properti Operating LLC (Swift Energy) in Fasken shale
yang berlokasi di Texas, Amerika Serikat. properties located in Texas, United States. The
Lapangan Fasken terdiri dari sejumlah Fasken field includes a number of operating
sumur-sumur yang telah dikembangkan oleh wells developed by Swift Energy, which are
Swift Energy yang telah menghasilkan gas already producing natural gas. Total
alam. Jumlah imbalan atas transaksi ini consideration amount for this transaction is
sebesar US$134.878.816 (nilai yang US$134,878,816 (this amount does not include
dibayarkan tersebut belum termasuk carried carried obligation amounting to
cost obligation senilai US$37.698.949). US$37,698,949). Under this agreement, Swift
Berdasarkan perjanjian ini, Swift Energy Energy will still continue to serve as operator of
tetap bertindak sebagai operator dalam these properties, with development plans to be
mengelola properti ini dengan rencana mutually agreed upon by Fasken and Swift
pengembangan yang telah disepakati Energy. This acquisition was completed on
bersama antara Fasken dengan Swift July 15, 2014 with the signing of Joint
Energy. Penutupan transaksi dilakukan pada Operating Agreement (JOA).
tanggal 15 Juli 2014 dengan penandatangan
Joint Operating Agreement (JOA).
27. Pada tanggal 14 Mei 2014, SEI, melalui 27. On May 14, 2014, SEI, through PT Saka Energi
PT Saka Energi Bangkanai Barat (SEBB) Bangkanai Barat (SEBB), signed farmout
menandatangani perjanjian pengalihan 30% agreement of 30% participating interest in West
kepemilikan participating interest di West Bangkanai PSC from Salamander Energy
Bangkanai PSC dari Salamander Energy (West Bangkanai) Limited (Salamander)
(West Bangkanai) Limited (Salamander) amounting to US$480,000.
(senilai US$480.000.
Pengalihan participating interest ini This transfer was approved by SKK Migas on
mendapat persetujuan dari SKK Migas pada December 16, 2014.
tanggal 16 Desember 2014.
SEBB membayarkan harga pembelian pada SEBB paid the purchase price on January 2,
tanggal 2 Januari 2015. 2015.
28. Pada tanggal 12 Februari 2014, SEI, melalui 28. On February 12, 2014, SEI, through its
entitas anaknya, PT Saka Energi Muara subsidiary, PT Saka Energi Muara Bakau
Bakau (SEMB), melakukan perjanjian jual (SEMB), signed a sale and purchase
beli 11,6% participating interest di Muara agreement of 11.6% participating interest in
Bakau PSC dengan GDF SUEZ Exploration Muara Bakau PSC with GDF SUEZ Exploration
Indonesia B.V. Transaksi ini berlaku efektif Indonesia B.V. This transaction will be effective
jika persetujuan dari Pemerintah Indonesia upon approval from Government of Indonesia
dan SKKMIGAS telah diperoleh. and SKKMIGAS are obtained.
173
425 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
29. GEI harus membeli dan membayar jumlah 29. GEI is required to buy and pay for the minimum
pembelian minimum per tahun/kwartal untuk purchase quantity per year/quarter for each of
setiap PJBG di bawah ini. Perbedaan antara the GSPA below. The difference between the
jumlah kuantitas pembelian dan kuantitas purchased quantity and the minimum purchase
pembelian minimum dicatat sebagai Make- quantity is recorded as Make-Up Gas, which
Up Gas, yang dapat direalisasikan setiap can be realized anytime if the minimum
saat jika kuantitas minimum telah diambil quantity has been taken or at a specified
pada tahun/kwartal tertentu selama jangka year/quarter during the period of the
waktu perjanjian. Saldo Make-Up Gas agreement. The outstanding balance of the
disajikan sebagai bagian dari Uang Muka Make-Up Gas is presented as part of
pada laporan posisi keuangan konsolidasian. Advances in the consolidated statements of
financial position.
Pemasok/ Perjanjian/ Lapangan Gas/ Volume/tahun Jangka waktu/Terms
Suppliers Agreements Gas Field Volume/year Awal/Start Akhir/End
PT Nugas Trans Energy PJBG Wilayah kontrak West 4,245 TBTU 1 Apr. 2012 31 Dec. 2015
(Nugas) Madura Offshore
PT Gresik Migas (GM) PJBG Wilayah kontrak West 639,5 TBTU 2 Jul. 2012 31 Dec. 2015
Madura Offshore
PT Taruko Energi (TE) PJBG Wilayah KKS Blok Jambi 16,415 BBTU 10 Nov. 2012 9 Feb. 2019
Merang
PT Kemitraan Energi PJBG Lapangan Tambun. Bekasi 1,095,000 25 Mar. 2013 31 Jan. 2016
Industri (KEI) MMBTU
PT Sarana Indo Energi PJBG Lapangan Gas Pondok 3,650,000 1 Aug. 2013 30 Jun. 2018
(SIE) Tengah. Pondok Makmur. MMBTU
Pondok Berkah dan
Jatinegara
30. Pada tanggal 28 Mei 2012, GEI dan 30. On May 28, 2012, GEI and PT Granary Global
PT Granary Global Energy (GGE) Energy (GGE) have signed an Agreement for
menandatangani Perjanjian Kerjasama the Sale of Compressed Natural Gas (CNG)
Penjualan Compressed Natural Gas (CNG) using mechanism of natural gas utilization.
(PKS) dengan mekanisme pemanfaatan gas GGE acting as provider of natural gas
bumi. GGE bertindak sebagai penyedia jasa compression service and CNG transportation
kompresi gas bumi dan jasa transportasi CNG service to the GEIs customer location. The
tersebut ke lokasi pelanggan GEI. Perjanjian agreement is valid until May 29, 2017.
ini berlaku sampai dengan 29 Mei 2017.
31. Pada tanggal 4 Oktober 2013, GEI dan 31. On October 4, 2013, GEI and PT Petross Gas
PT Petross Gas (PG) menandatangani (PG) signed a Gas Compression Facility
Perjanjian Kerjasama Pemanfaatan Fasilitas Agreement whereby PG agreed to compress
Kompresi Gas Bumi dimana PG setuju untuk the gas and deliver it to GEI in the form of
melakukan kompresi gas bumi dan Compressed Natural gas (CNG) at delivery
menyerahkannya kepada GEI berupa point.
Compressed Natural Gas (CNG) di titik
penyerahan.
174
426 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
32. Pada tanggal 5 Maret 2014, GEI dan 32. On March 5, 2014, GEI and PT Jakarta Key
PT Jakarta Energi Utama (JEU) Energy (JEU) signed a Joint Operation
menandatangani Perjanjian Kerjasama Agreement on Natural Gas Utilization through
Operasi tentang Pemanfaatan Gas Bumi Fuel Gas Filling Station. Based on this
melalui Stasiun Pengisian Bahan Bakar Gas. agreement, GEI and JEU agreed to construct
Berdasarkan perjanjian ini, GEI dan JEU and commercialize SPBGs in Ancol
setuju untuk melakukan pembangunan dan TransJakarta bus stop location. The natural
komersialisasi SPBG di lokasi Halte gas utilization on plots owned by
TransJakarta Ancol. Pemanfaatan gas bumi PT Pembangunan Jaya Ancol Tbk (PJA), hired
tersebut di atas bidang tanah milik PT by the GEI and JEU for 15 years with land
Pembangunan Jaya Ancol Tbk (PJA), yang rental price according Land Rent Agreement
disewa oleh GEI dan JEU selama 15 tahun between JEU and PJA. This joint operation
dengan harga sewa lahan sesuai Perjanjian period of 15 years from the date of this
Sewa Lahan antara JEU dan PJA. Jangka agreement and can be extended in accordance
waktu kerjasama operasi ini adalah 15 tahun with the collective agreement.
sejak tanggal kerjasama ini dan dapat
diperpanjang sesuai dengan kesepakatan
bersama.
PGASSOL, Entitas Anak PGASSOL, the Subsidiary
33. Pada tanggal 11 Juni 2012, PGASSOL 33.On June 11, 2012, PGASSOL has entered into
melakukan perjanjian pada Kerja Sama Joint Operation (JO) Agreement with
Operasi (KSO) dengan PT Promatcon PT Promatcon Tepatguna (PT) for the
Tepatguna (PT) untuk pekerjaan Engineering, assignment of Engineering, Procurement and
Procurement and Construction (EPC) Construction (EPC) Upgrading Muara Bekasi
Upgrading Stasiun Muara Bekasi, pembayaran Station, with participating interest of 40%.
penyetoran pertama dengan persentase
partisipasi sebesar 40%.
Pada tanggal 19 September 2012, PGASSOL On September 19, 2012, PGASSOL has
melakukan perjanjian KSO PT untuk pekerjaan entered into JO Agreement with PT, for the
Engineering, Procurement, Construction and assignment of Engineering, Procurement,
Installation (EPCI) untuk fasilitas produksi gas Construction and Installation (EPCI) for Bayan
Bayan A di Onshore Tarakan dengan A gas production facilities at Onshore Tarakan
persentase partisipasi yang sebesar 30%. with participating interest of 30%.
Pada tanggal 8 Juli 2013, PGASSOL dan On July 8, 2013, PGASSOL and PT amended
PT melakukan amandemen perjanjian KSO the Joint Operation Agreement for the
untuk pekerjaan EPCI untuk fasilitas produksi assignment of EPCI for Bayan A gas
gas Bayan A, diantaranya tentang production facilities relating to among others,
persentase partisipasi PGASSOL dari 30% the changes of PGASSOLs participating
menjadi 70%. interest from 30% to become 70%.
175
427 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
34. Pada tanggal 30 Desember 2013, PLI dan 34. On December 30, 2013, PLI and PT Multi Gas
PT Multi Gas Nusantara (MGN) telah Nusantara (MGN) signed the Shareholders
menandatangani Perjanjian Pemegang Agreement Establishment for a Joint Venture
Saham Joint Venture LNG Liquefaction Plant of LNG Liquefaction Plant in Gresik, East Java.
di Gresik, Jawa Timur. Joint venture ini This joint venture is engaged in development
didirikan dengan tujuan untuk melaksanakan and operational of LNG Liquefaction Plant
pembangunan dan pengoperasian LNG including the gas purchase and sales with gas
Liquefaction Plant termasuk pembelian gas capacity amounting to 20 MMSCFD. Up to the
dan pemasarannya dengan nilai kapasitas date of this report, PLI has not yet made any
gas sebesar 20 MMSCFD. Sampai dengan investments.
tanggal laporan ini. PLI belum melakukan
penyetoran investasi.
Pada tanggal 31 Desember 2014, Perusahaan As of December 31, 2014, the Company and
dan Transgasindo memiliki kontinjensi sebagai Transgasindo had contingencies as follows:
berikut:
1. Tanah yang terletak sepanjang 536 km jalur 1. The land covering the area along the 536 km
pipa transmisi gas dari Grissik ke Duri masih natural gas transmission pipeline from Grissik
dalam proses sertifikasi. Selama proses to Duri is still in the certification process. During
sertifikasi tanah, terdapat suatu masalah the land certification process, there have been
dengan beberapa warga sekitar Tanjung dispute with several inhabitants of the land in
Jabung. yang tanahnya dilalui jaringan pipa Tanjung Jabung used for the Grissik - Duri
Grissik - Duri, di mana mereka menuntut pipeline, where the inhabitants are claiming
kompensasi tambahan. additional compensation.
Perusahaan juga merupakan salah satu The Company is named as one of the
Tergugat pada Perkara No. 06/PDT.G/2001/ Defendants in Case No. 06/PDT.G/2001/
PN.KTL yang diajukan warga sekitar Tanjung PN.KTL which was filed by some inhabitants in
Jabung (Penggugat) pada tanggal 15 Tanjung Jabung (Plaintiff) on November 15,
November 2001 ke Pengadilan Negeri Kuala 2001 at the Kuala Tungkal District Court. Based
Tungkal. Berdasarkan Putusan Pengadilan on the decision of the Kuala Tungkal District
Negeri tanggal 22 April 2002, gugatan para Court dated April 22, 2002, the Plaintiffs claim
Penggugat ditolak dan selanjutnya was rejected, and the Plaintiff appealed to the
Penggugat mengajukan banding ke Jambi High Court. Based on Decision
Pengadilan Tinggi Jambi. Berdasarkan No. 31/PDT/2002/PT.JBI, dated August 14,
Putusan Pengadilan Tinggi Jambi 2002, the Jambi High Court affirmed the Kuala
No. 31/PDT/2002/PT.JBI, tanggal 14 Agustus Tungkal District Courts decision, and the
2002. Pengadilan Tinggi Jambi menguatkan Plaintiff appealed to the Supreme Court.
putusan Pengadilan Negeri Kuala Tungkal.
Atas Putusan tersebut para Pembanding
kemudian mengajukan kasasi ke Mahkamah
Agung.
Sampai dengan tanggal penyelesaian laporan Up to the completion date of the consolidated
keuangan konsolidasian, perkara tersebut financial statements, the case is still being
masih dalam pemeriksaan oleh Mahkamah examined by the Supreme Court.
Agung.
176
428 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Pada tanggal 23 Februari 2010, Perusahaan On February 23, 2010, the Company has filed
mengajukan permohonan untuk membatalkan submissions to the High Court of Singapore to
putusan ICC dan Perintah Pelaksanaan ICC, set aside the ICC Award and Order of Court
tertanggal 7 Januari 2010 kepada Pengadilan to enforce ICC Award, dated January 7, 2010,
Tinggi Republik Singapura. Atas permohonan to the High Court of the Republic of
tersebut. pada tanggal 8 April 2010, Singapore (High Court). On April 8, 2010,
Pengadilan Tinggi telah mengeluarkan putusan the High Court has rendered decision, to set
yang membatalkan Putusan Arbitrase ICC. aside the ICC Arbitration Award.
Terhadap putusan Pengadilan Tinggi tersebut, Based on High Courts Decision, on
pada tanggal 15 April 2010, CRW Joint April 15, 2010, CRW Joint Operation
Operation mengajukan banding kepada Court appealed to the Court of Appeal of the
of Appeal Republik Singapura. Republic of Singapore.
177
429 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Pada tanggal 30 Desember 2011, Perusahaan On December 30, 2011, the Company
melalui kuasa hukumnya telah mengajukan through its legal counsel filed answer and a
jawaban dan tuntutan balik (counterclaim) counterclaim on Request for Arbitration from
melalui ICC terhadap permohonan arbitrase CRW to ICC. On the counter - claim, the
yang diajukan oleh CRW. Adapun dalam Company requested the ICCs Arbitral
tuntutan balik tersebut, Perusahaan menuntut Tribunal to evaluate and revise the liability
agar Majelis Arbitrase ICC melakukan evaluasi that should be paid by the Company.
dan merevisi kewajiban yang harus dibayar On June 8, 2012, the Company submitted the
oleh Perusahaan dalam perkara Arbitrase ICC Statement of Defence to ICC Arbitration.
tersebut. Pada tanggal 8 Juni 2012,
Perusahaan mengajukan Statement of
Defence kepada Arbitrase ICC.
Pada tanggal 12 Oktober 2012, CRW telah On October 12, 2012, CRW submitted the
mengajukan Claimants Application for Claimants Application for Interim/Partial
Interim/Partial Award kepada ICC. Atas Award to ICC Arbitration. Upon Claimants
Claimants Application for Interim/Partial Award Application for Interim/Partial Award which
yang diajukan oleh CRW tersebut, Perusahaan submitted by CRW, the Company submitted
telah menyampaikan Submissions of the Submissions of the Respondent Against
Respondent Against Application for Interim Application for Interim Award to ICC
Award kepada Arbitrase ICC pada tanggal arbitration on November 26, 2012.
26 November 2012.
178
430 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Pada tanggal 22 Mei 2013, Tribunal Arbitrase On May 22, 2013, the ICC Arbitration Tribunal
ICC telah memutuskan Interim/Partial Award has decided an Interim/Partial Award, which
(Putusan Sela) yang mewajibkan Perusahaan requires the Company to pay first the claim
untuk membayar terlebih dahulu klaim yang filed by CRW amounting to US$17,298,835
diajukan oleh CRW sebesar US$17.298.835 before being re-analyzed (re-opened) and
sebelum nantinya dianalisa ulang (dibuka finally decided on the Final Award. Upon the
kembali) dan akhirnya diputuskan di dalam issuance of the Interim Award, the Company is
Final Award (Putusan Final). already applied for set aside of the Interim
Award in the Singapore High Court.
Atas dikeluarkannya Interim Award tersebut, Upon the issuance of the Interim Award, the
pihak Perusahaan telah mengajukan Company is already applied for set aside of
permohonan pembatalan terhadap Interim the Interim Award in the Singapore High Court.
Award di Pengadilan Tinggi Singapura. Pada On October 10, 2013, High Court Singapore
tanggal 10 Oktober 2013, Pengadilan Tinggi has issued decision that essentially rejected
Singapura telah menerbitkan putusan yang set a side of Interim/Partial Award which
pada intinya menolak permohonan pembatalan submitted by the Company.
putusan Interim/Partial Award yang diajukan
oleh Perusahan.
Pada tanggal 11 November 2013, Perusahaan On November 11, 2013, the Company already
telah mengajukan banding pada Court of submitted an appeal to the Court of Appeal,
Appeal, Singapura. Singapore.
Pada tanggal 25 September 2014, Tribunal On September 25, 2014, the ICC Arbitration
Arbitrase ICC menerbitkan putusan Interim/ Tribunal issued an Interim/Partial Award which
Partial Award yang menyatakan bahwa stated that some of the points from the value
beberapa poin dari nilai klaim yang diajukan of claims filed by CRW will be examined in
oleh CRW akan diperiksa kembali sesuai accordance with the quantum examination of
dengan pemeriksaan kuantum dari klaim the claim and ultimately will be decided on the
tersebut dan akhirnya akan diputuskan di Final Award.
dalam putusan Akhir/Final Award.
Sampai dengan tanggal penyelesaian laporan Up to the completion date of the consolidated
keuangan konsolidasian, kasus ini masih financial statements, the case is still being
dalam pemeriksaan di Court of Appeal examined by Court of Appeal Singapore with
Singapura dengan hearing akan dilakukan hearing will be held on March 23 to 25, 2015.
tanggal 23 sampai 25 Maret 2015.
179
431 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Pada tanggal 26 Juli 2011, Pengadilan Negeri On July 26, 2011, West Jakarta District Court
Jakarta Barat telah memberikan putusan atas has rendered its verdict as follows:
perkara ini dengan putusan sebagai berikut: In the exception, it was stated that the
Dalam eksepsi, menyatakan Eksepsi yang proposed exception by Defendants I, II, III,
diajukan oleh Tergugat I, II, III, dan IV tidak and IV is not acceptable. In the principal case:
dapat diterima. Dalam pokok perkara:
Menerima gugatan Penggugat untuk Accept part of the Plaintiffs claim;
sebagian;
Menolak gugatan Penggugat untuk Reject the Plaintiffs claim to Defendant I;
Tergugat I;
Menyatakan Tergugat II, III, dan IV telah State that the Defendants II, III, and IV
melakukan perbuatan melawan hukum; have violated the law;
Meminta Tergugat II, III, dan IV membayar Require the Defendants II, III, and IV to
ganti rugi kepada Penggugat sebesar pay the compensation to Plaintiff
Rp2.020.144.161; amounting to Rp2,020,144,161;
Meminta Tergugat II, III, dan IV untuk Require the Defendants II, III, and IV to
membayar jasa hukum sebesar pay the law service fee amounting to
Rp581.000. Rp581,000.
Pada tanggal 11 Januari 2012, PT Indosat Tbk On January 11, 2012, PT Indosat Tbk
mengajukan Memori Banding kepada submitted the Memory of Appeals to Jakarta
Pengadilan Tinggi Jakarta atas Putusan High Court on West Jakarta District Courts
Pengadilan Negeri Jakarta Barat Decision No. 655/PDT.G/2010/PN.JKT.BAR.
No. 655/PDT.G/2010/PN.JKT.BAR.
Pada tanggal 26 April 2012, Perusahaan On April 26, 2012, the Company has already
mengajukan Kontra Memori Banding submitted Contra Memory of Appeals
No. 418/IV/Deplit-Law/GDP/HP-AW/12 No. 418/IV/Deplit-Law/GDP/HP-AW/12.
terhadap Memori Banding tersebut.
Sampai dengan tanggal penyelesaian laporan Up to the completion date of the consolidated
keuangan konsolidasian, kasus ini masih financial statements, this case is still being
dalam proses pemeriksaan di Pengadilan examined by the Jakarta High Court.
Tinggi Jakarta.
180
432 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
4. Pada tanggal 8 Oktober 2010, Perusahaan 4. On October 8, 2010, the Company received a
menerima surat dari Komisi Pengawas letter from Commission for Supervision of
Persaingan Usaha RI (KPPU) No. 1167/AK/ Business Competition (KPPU) No. 1167/AK/
KTP-PL/X/2010 perihal Pemberitahuan KTP-PL/X/2010 on Case Announcement No.
Perkara No. 38/KPPU-L/2010. Berdasarkan 38/KPPU-L/2010. Based on such letter, the
surat tersebut Perusahaan ditetapkan sebagai Company is stipulated as Indicted II for the
Terlapor II karena adanya dugaan presumption of vertical collusion between the
persekongkolan vertikal antara Perusahaan Company with PT Kelsri as Indicted I for the
dengan PT Kelsri sebagai Terlapor I pada Contract Package No. 3A Bojonegara -
lelang Contract Package No. 3A Bojonegara - Cikande Distribution Pipeline tender.
Cikande Distribution Pipeline.
Pada tanggal 7 Maret 2011, KPPU telah On March 7, 2011, KPPU has rendered a
memberikan putusan atas perkara ini dengan verdict as follows:
putusan sebagai berikut:
Menyatakan bahwa Terlapor I dan II Stated that Indicted I and II have violated
terbukti secara sah melanggar Pasal 22 legitimately Article 22 of Law No. 5 Year
Undang-Undang No. 5 Tahun 1999 tentang 1999 concerning on Prohibition against
Larangan Praktek Monopoli dan Monopolistic Practices and Unfair
Persaingan Usaha Tidak Sehat; Business Competition;
Meminta Terlapor I untuk membayar denda Required Indicted I to pay penalty
sebesar Rp4.000.000.000; amounting to Rp4,000,000,000;
Meminta Terlapor II untuk membayar Required Indicted II to pay penalty
denda sebesar Rp6.000.000.000. amounting to Rp6,000,000,000.
Pada tanggal 18 April 2011, Perusahaan On April 18, 2011, the Company has filed an
mengajukan upaya hukum keberatan atas appeal to the District Court of West Jakarta on
putusan KPPU ke Pengadilan Negeri Jakarta KPPU decision. On March 26, 2012, West
Barat. Pada tanggal 26 Maret 2012, Pengadilan Jakarta Disctrict Court has rendered its verdict
Negeri Jakarta Barat telah memberikan putusan to reject the whole objection from the objection
menolak permohonan keberatan dari para applicant.
pemohon keberatan untuk seluruhnya.
Pada tanggal 19 Juni 2012, Perusahaan telah On June 19, 2012, the Company has filed a
mengajukan memori kasasi terhadap putusan statement of appeal against the West Jakarta
Pengadilan Negeri Jakarta Barat ke State Courts decision to the Supreme Court.
Mahkamah Agung. Atas memori kasasi yang Upon the submission of statement of appeal
diajukan oleh Perusahaan dan PT Kelsri against the West Jakarta State Courts
tersebut, KPPU telah mengajukan Kontra decision from the Company and PT Kelsri,
Memori Kasasi pada tanggal KPPU has submitted Counter Memory of
13 November 2012. Appeal on November 13, 2012.
Pada tanggal 31 Mei 2013, Mahkamah Agung On May 31, 2013, the Supreme Court has
telah mengeluarkan putusan yang menolak issued a decision that rejected the appeal
permohonan kasasi yang diajukan oleh submitted by the Company and
Perusahaan dan PT Kelsri. PT Kelsri.
Sampai dengan tanggal penyelesaian laporan Up to the completion date of the consolidated
keuangan konsolidasian, Perusahaan belum financial statements, the Company has not
menerima salinan Putusan tersebut dan received a copy of the Supreme Courts
belum ada perkembangan lebih lanjut atas decision and there is no further development
kasus ini. on this case.
181
433 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
5. Pada tanggal 7 Juni 2012, Perusahaan 5. On June 7, 2012, the Company received
menerima Surat Himbauan No. 015/SRP- Warning Letter No. 015/SRP-SI/VI/12 from a
SI/VI/12 dari firma hukum yang ditunjuk oleh law firm hired by M. Rimba Aritonang
M. Rimba Aritonang mengenai tuntutan atas regarding the claim of Intellectual Property
pemakaian Hak Kekayaan Intelektual atas Rights of industrial design protection pipe
desain industri berupa sambungan pelindung connections used amounted to
pipa sebesar Rp100.000.000.000. Rp100,000,000,000.
Pada tanggal 14 November 2012, Penggugat On November 14, 2012, the Plaintiff already
telah mendaftarkan gugatannya kepada registered the claim to Panitera Pengadilan
Panitera Pengadilan Niaga Pengadilan Negeri Niaga Central Jakarta District Court with total
Jakarta Pusat dengan total nilai perkara claim amounting to Rp132,394,438,000.
Rp132.394.438.000.
Pada tanggal 3 April 2013, Pengadilan Niaga On April 3, 2013, the Commercial Court of
pada Pengadilan Negeri Jakarta Pusat telah Central Jakarta District Court has given the
memberikan putusan dengan verdict No. 73/D.I/2012/PN.Niaga.Jkt.Pst of
No. 73/D.I/2012/PN.Niaga.Jkt.Pst atas perkara this case with the following decisions:
ini dengan putusan sebagai berikut:
Pada bulan April dan Mei 2013, Perusahaan In April and May 2013, the Company
(Pemohon I) dan M. Rimba Aritonang (Applicant I) and M. Rimba Aritonang
(Pemohon II) mengajukan Memori Kasasi (Applicant II) submitted Memory of Cassation
kepada Mahkamah Agung atas Putusan to the Supreme Court for the Commercial
Pengadilan Niaga Pengadilan Negeri Jakarta Court of Central Jakarta District Court. The
Pusat. Perusahaan mengajukan kasasi untuk Company has filed an appeal to reject the
menolak permohonan kasasi M. Rimba appeal filled by M. Rimba Aritonang and
Aritonang dan meminta pembatalan Putusan requested for the cancellation of the
Pengadilan Niaga pada Pengadilan Negeri Commercial Court of Central Jakarta District
Jakarta Pusat tersebut diatas. M. Rimba Courts verdict above. M. Rimba Aritonang
Aritonang mengajukan kasasi untuk tidak filed an appeal rejecting the verdict on the
menerima putusan besarnya ganti rugi yang compensation amount to be paid by the
harus dibayarkan oleh Perusahaan kepada M. Company to M. Rimba Aritonang based on the
Rimba Aritonang berdasarkan hasil Putusan verdict from the Commercial Court of Central
Pengadilan Niaga pada Pengadilan Negeri Jakarta District Court.
Jakarta Pusat.
182
434 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Pada tanggal 30 Desember 2013, Mahkamah On December 30, 2013, the Supreme Court
Agung telah memberikan keputusan menolak has given the verdict rejected the appeal of
permohonan kasasi dari Pemohon Kasasi I Cassation from Applicant I and Cassation
dan Pemohon Kasasi II tersebut diatas. Applicant II above.
Sampai dengan tanggal penyelesaian laporan Up to the completion date of the consolidated
keuangan konsolidasian, belum ada financial statements, there is no further
perkembangan lebih lanjut dari kasus ini. development of this case.
6. Perusahaan dilibatkan sebagai Tergugat III 6. The Company is named as one of Defendant
dalam perkara No. 599/Pdt-6/2013/PN.Mdn. III in case No. 599/Pdt-6/2013/PN.Mdn. dated
tanggal 18 Oktober 2013 di Pengadilan Negeri October 18, 2013, filed to the Medan District
Medan, mengenai kepemilikan tanah seluas Court regarding dispute of 6,045m2 lands
6.045m2 yang terletak di Jl. Yos Sudarso, ownership located in Jl. Yos Sudarso, Glugur
Glugur Kota, Kecamatan Medan Barat, Kota, Kecamatan Medan Barat, Medan. This
Medan. Gugatan ini diajukan oleh claim was filed by PT Perusahaan Listrik
PT Perusahaan Listrik Negara (Persero) Negara (Persero) (PLN) Unit Induk
(PLN) Unit Induk Pembangunan I Medan Pembangunan I Medan as the Plaintiff for T.M
selaku penggugat kepada T.M Chaldoon Chaldoon Alrasyid as Defendant I, Ananda
Alrasyid selaku Tergugat I, Ananda Kumar Kumar as Defendant II and the Company as
selaku Tergugat II dan Perusahaan selaku Defendant III.
Tergugat III.
Pada tanggal 21 Agustus 2014, Pengadilan On August 21, 2014, Medan District Court
Negeri Medan telah menerbitkan putusan has issued the following verdicts:
sebagai berikut:
183
435 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Pada tanggal 28 Oktober 2014, Tergugat I dan On October 28, 2014, the Defendent I and the
Tergugat II mengajukan memori banding Defendent II filed Memory of Appeals to the
kepada Pengadilan Tinggi Medan. Sampai High Court of Medan. Up to the completion
dengan tanggal penyelesaian laporan ini, date of the consolidated financial statements,
Perusahaan masih sedang menyusun the Company is currently preparing a
tanggapan atas memori banding termaksud. response to that Memory of Appeals.
7. Perusahaan dilibatkan sebagai Turut Tergugat 7. The Company is named as one of the
II dalam perkara No. 545/Pdt-6.B/2013/ Co-defendant II in case No. 545/Pdt-6.B/2013/
PN.JKT.PS. tanggal 3 Desember 2013 di PN.JKT.PS. dated December 3, 2013 in
Pengadilan Negeri Jakarta Pusat mengenai Central Jakarta District Court regarding the
masih adanya kewajiban pembayaran sewa persistence of heavy equipment lease
alat berat dalam pelaksanaan proyek payment obligations in the implementation of
pembangunan pipa perusahaan jalur Grissik- development project of the Companys
Pagardewa dengan nilai gugatan sebesar pipeline Grissik-Pagardewa line, with claim
595.828. Gugatan ini diajukan oleh Maats amount of 595,828. This claim was filed by
Pipeline Equipment selaku Penggugat kepada Maats Pipeline Equipment as the Plaintiff for
PT Remaja Bangun Kencana (Rabana) selaku PT Remaja Bangun Kencana (Rabana) as
Tergugat I, PT Winatek Widita selaku Tergugat Defendant I, PT Winatek Widita as Defendant
II, PT Citra Panji Manunggal (CPM) selaku II, PT Citra Panji Manunggal (CPM) as Co-
Turut Tergugat I dan Perusahaan sebagai Defendant I and the Company as Co-
Turut Tergugat II. Defendant II.
Berdasarkan surat Penggugat tanggal Based on the Plaintiff letter, dated
23 Januari 2014 perihal pencabutan gugatan January 23, 2014, regarding revocation of
oleh Penggugat, pada tanggal 20 Februari Plaintiffs claim, on February 20, 2014, the
2014, Majelis Hakim Pengadilan Negeri Judges of Central Jakarta District Court
Jakarta Pusat menetapkan perkara ini decided to close the case.
dinyatakan selesai.
Pada tanggal 19 Maret 2014, MPE On March 19, 2014, MPE refiled a claim in the
mengajukan kembali gugatan pada Pengadilan West Jakarta District Court with case No.
Negeri Jakarta Barat dalam perkara 127/Pdt.G/2014/PN.Jkt.Bar. against
No. 127/Pdt.G/2014/PN.Jkt.Bar dengan PT Remaja Bangun Kencana as Defendant I,
PT Remaja Bangun Kencana sebagai PT Winatek Widita as Defendant II, PT Citra
Tergugat I, PT Winatek Widita sebagai Panji Manunggal as Co-defendant I and the
Tergugat II, PT Citra Panji Manunggal sebagai Company as Co-defendant II. The amount
Turut Tergugat I dan Perusahaan sebagai claimed by the Plaintiff to the Company
Turut Tergugat II. Adapun nilai gugatan yang amounted to Rp281,509,773 per month
diklaim oleh Penggugat untuk dibayar starting from the registration until the decision
Perusahaan adalah Rp281.509.773 per bulan of this case.
terhitung sejak gugatan didaftarkan sampai
dengan putusan perkara ini.
Atas gugatan yang diajukan tersebut, pada On August 20, 2014, the Company has
tanggal 20 Agustus 2014, Perusahaan telah submitted a response to West Jakarta District
menyampaikan jawaban kepada Majelis Hakim Court related to the above claim.
Pengadilan Jakarta Barat.
Sampai dengan tanggal penyelesaian laporan Up to the completion date of the consolidated
keuangan konsolidasian, perkara ini masih financial statements, the case is still being
dalam pemeriksaan oleh Pengadilan Negeri examined by the West Jakarta District Court.
Jakarta Barat.
184
436 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Pada tanggal 30 April 2014, Pengadilan Tata On April 30, 2014, the Tanjung Pinang
Usaha Negara Tanjung Pinang telah telah Administrative Court has given the verdict
memberikan putusan dengan No. 16/G/2013/PTUN-TPL of this case with the
No. 16/G/2013/PTUN-TPL atas perkara ini following decisions:
dengan putusan sebagai berikut:
Mengabulkan permohonan Perusahaan Granted the Companys claim as Plaintiff
sebagai Penggugat Intervensi II untuk Intervention II as a whole;
seluruhnya;
Menyatakan batal Keputusan Menteri Cancelled the Decree of the Minister of
Kehutanan Republik Indonesia Forestry of the Republic of Indonesia
No. 463/Menhut-II/2013; No. 463/Menhut-II/2013;
Memerintahkan kepada Menteri Kehutanan Ordered the Minister of Forestry to cancel
untuk mencabut Keputusan Menteri the the Decree of the Minister of Forestry
Kehutanan Republik Indonesia of the Republic of Indonesia
No. 463/Menhut-II/2013; No. 463/Menhut-II/2013;
Menghukum Kantor Pertanahan Kota Sentenced Batam Land Office
Batam (Tergugat I) dan Kementerian ("Defendant I") and the Ministry of
Kehutanan (Tergugat II) untuk membayar Forestry (" Defendant" II) to pay the court
biaya perkara secara tanggung renteng. costs jointly and severally.
Sesuai Surat Pemberitahuan PTUN Tanjung Notice Pursuant Tanjung Pinang
Pinang tanggal 8 Mei 2014, dan tanggal Administrative Court dated May 8, 2014, and
13 Mei 2014, Kementerian Kehutanan RI dan May 13, 2014, the Ministry of Forestry and
Kantor Pertahanan Kota Batam telah Batam Land Officer has filed an appeal to the
menyatakan banding pada Pengadilan Tinggi Administrative High Court in Medan. Based on
Medan. Atas pernyataan Banding tersebut, the appeal, on June 26 and July 21, 2014. The
pada tanggal 26 Juni dan 21 Juli 2014, Company submitted a Contra Appeal.
Perusahaan telah menyampaikan Kontra
Memori Banding.
185
437 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Pada tanggal 15 Oktober 2014, Pengadilan On October 15, 2014, Bekasi District Court
Negeri Bekasi telah mengeluarkan keputusan has issued the following verdicts:
sebagai berikut:
Dalam Eksepsi: In Exception:
Menerima eksepsi dari Tergugat I, Received the exception of Defendant I,
Tergugat II dan Tergugat III seluruhnya; Defendant II and Defendant III entirely;
Sampai dengan tanggal penyelesaian laporan Up to the completion date of the consolidated
keuangan konsolidasian ini, tidak ada financial statements, there is no further
perkembangan lebih lanjut atas kasus ini. development on this case.
186
438 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
10. Pada tanggal 19 Mei 2014, Transgasindo 10. On May 19, 2014, Transgasindo received a
menerima Notice of Arbitration dari Notice of Arbitration from ConocoPhillips
ConocoPhillips (Grissik) Ltd dan Petrochina (Grissik) Ltd and Petrochina International
International Jabung Ltd. (Penggugat) di mana Jabung Ltd. (the Claimants) wherein the
pihak penggugat mengajukan tuntutan terkait Claimant submit a claim in relation with gas
dengan tarif transportasi gas ke Singapura dan transportation tariff to Singapore and the
pemberlakuan Access Arrangement untuk Access Arrangement implementation for the
segmen Pipa Grissik-Singapura dengan nilai Grissik-Singapore Gas Pipeline with the total
total tuntutan sekitar US$108 juta atas amount of the claim approximately amounted
ketidaksepahaman yang timbul dari dan to US$108 million for dispute arising out of
sehubungan dengan Perjanjian Transportasi and in connection with the Gas Transportation
Gas (Catatan 40). Agreement (Note 40).
Pada tanggal 8 Desember 2014, Penggugat On December 8, 2014, the Claimants has
telah memasukan Statement of Claim submitted the Statement of Claim with the total
dengan nilai tuntutan sebesar US$165,7 juta. amount of claim amounting to US$165.7
million.
Sampai dengan tanggal penyelesaian laporan Up to the completion date of the consolidated
keuangan konsolidasian ini, proses arbitrase financial statements, the arbitration is still in
ini masih sedang berlangsung. the process.
11. KJG dilibatkan sebagai Tergugat, PT Berkah 11. KJG is named as one of Defendant, PT Berkah
Mirza Insani sebagai Turut Tergugat I dan Mirza Insani as Co-Defendant I and PBJV
PBJV Group Sdn BHD sebagai Turut Tergugat Group Sdn BHD as Co-Defendant I in case
II dalam perkara Nomor No. 583/Pdt-G/2014/PN.Jkt.Pst dated
583/Pdt.G/2014/PN.Jkt.Pst tanggal December 10, 2014, filed to the Central
10 Desember 2014 di Pengadilan Negeri Jakarta District Court regarding allegation of
Jakarta Pusat mengenai kasus pelanggaran breach of contract conducted by KJG,
kontrak yang dilakukan oleh KJG, yang mana whereby KJG did not provide the document
KJG tidak menyediakan dokumen yang requested by PT Dwisatu Mustika Bumi
diminta oleh PT Dwisatu Mustika Bumi (Plaintiff) to fulfill performance bonds required
(Penggugat) untuk memenuhi performance by KJG which resulted to the Plaintiff not able
bonds yang dipersyaratkan oleh Tergugat to continue the EPC of Proyek Pembangunan
sehingga mengakibatkan Penggugat tidak dan Pengoperasian Ruas Transmisi Kalija I
dapat melanjutkan Proyek EPC Pembangunan (Kepodang-Tambak Lorok). The amount of the
dan Pengoperasian Ruas Transmisi Kalija I lawsuit in the form of material losses
(Kepodang-Tambak Lorok). Nilai gugatan yang amounting to US$2,890,000 and an immaterial
diajukan berupa kerugian secara materil amount amounting US$85,873,500.
sebesar US$2.890.000 dan immaterial
sebesar US$85.873.500.
Pada tanggal 14 Januari 2015, KJG menerima On January 14, 2015, KJG received invitation
panggilan dari Pengadilan Negeri Jakarta from West Jakarta District Court to attend the
Barat untuk menghadiri persidangan yang trial that will be held on March 24, 2015. Up to
akan dilaksanakan pada tanggal 24 Maret the completion date of the consolidated
2015. Sampai dengan tanggal penyelesaian financial statements, the case is still being
laporan keuangan konsolidasian, perkara ini examined.
masih dalam pemeriksaan.
187
439 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Manajemen dan konsultan hukum Kelompok The management of the Group and their legal
Usaha berkeyakinan bahwa kasus-kasus tersebut counsels believe that the above mentioned cases
di atas secara sendiri-sendiri atau bersama-sama individually or in the aggregate will not have any
tidak akan mempunyai pengaruh yang material material adverse effects on the financial condition
terhadap kondisi keuangan dan hasil operasinya. or results of operations. The management
Manajemen berkeyakinan bahwa Kelompok Usaha believes that the Group can win these cases.
dapat memenangkan perkara-perkara tersebut.
Pada tanggal 31 Desember 2014, Perusahaan dan As of December 31, 2014, the Company and SEI
SEI memiliki ikatan sebagai berikut: had commitments as follows:
2. Pada tanggal 13 Januari 2014, Perusahaan 2. On January 13, 2014, the Company
mengubah Corporate Facility Agreement amended Corporate Facility Agreement with
dengan PT Bank ANZ Indonesia (Bank ANZ). PT Bank ANZ Indonesia (Bank ANZ). Bank
Bank ANZ akan menyediakan fasilitas ANZ will provide Corporate Facility with a
korporasi dengan maksimum nilai plafon baru new maximum limit of US$300,000,000 from
sebesar US$300.000.000 dari nilai plafon lama the previous maximum limit of
sebesar US$100.000.000. Fasilitas ini akan US$100,000,000. The facility will expire on
jatuh tempo pada tanggal 28 Februari 2015. February 28, 2015. This facility is given with
Fasilitas ini diberikan dengan ketentuan total utilization of all type of bank guarantee
penggunaan keseluruhan dari semua jenis (payment guarantee, advance payment bond,
bank garansi (jaminan pembayaran, jaminan bid bond, performance bond and retention
pembayaran uang muka, jaminan penawaran, bond) at any time shall not exceed
jaminan pelaksanaan dan jaminan US$100,000,000 and total utilization of
pemeliharaan) setiap saat tidak akan melebihi uncommitted a short-term working capital
US$100.000.000 dan penggunaan facility at any time shall not exceed
keseluruhan fasilitas pembiayaan modal kerja US$200,000,000. As of December 31, 2014,
jangka pendek setiap saat tidak melebihi a payment guarantee facility that has not
US$200.000.000. Pada tanggal been used amounted to US$48,148,779.
31 Desember 2014, fasilitas bank garansi
yang belum digunakan sebesar
US$48.148.779.
188
440 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Australia and New-Zealand Banking Group Australia and New-Zealand Banking Group
Limited Limited
The Bank of Tokyo-Mitsubishi UFJ, Ltd. The Bank of Tokyo-Mitsubishi UFJ, Ltd.
(bertindak juga sebagai agen) (also acting as Agent)
Citigroup Global Markets Singapore PTE. Citigroup Global Markets Singapore PTE.
Ltd. Ltd.
The Hongkong and Shanghai Banking The Hongkong and Shanghai Banking
Corporation Limited, Jakarta Branch dan; Corporation Limited, Jakarta Branch and;
Sumitomo Mitsui Banking Corporation Sumitomo Mitsui Banking Corporation
189
441 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
31 Desember 2014/
December 31, 2014
Pembayaran sewa minimum masa depan Future minimum rentals payable represents
adalah total pembayaran yang harus dibayar total payment that should be paid by PLI which
oleh PLI di mana termasuk komponen include payment for regasification service.
pembayaran atas jasa regasifikasi.
190
442 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Berikut ini adalah rekonsiliasi faktor-faktor The following presents the reconciliation of the
penentu perhitungan laba per saham: numerators and denominators used in the
computation of earnings per share:
2014
Total Laba Tahun
Berjalan Yang
Dapat Diatribusikan
Kepada Pemilik
Entitas Induk/ Rata-rata Tertimbang
Total Profit for Saham Biasa
for the Year yang beredar/ Jumlah
Attributable to Weighted-Average Laba per Saham/
Owners of Number of Ordinary Earnings per Share
the Parent Entity Shares Outstanding Amount
__________________________________
2013
Total Laba Tahun
Berjalan Yang
Dapat Diatribusikan
Kepada Pemilik
Entitas Induk/ Rata-rata Tertimbang
Total Profit for Saham Biasa
for the Year yang beredar/ Jumlah
Attributable to Weighted-Average Laba per Saham/
Owners of Number of Ordinary Earnings per Share
the Parent Entity Shares Outstanding Amount
__________________________________
Perusahaan tidak mempunyai efek berpotensi The Company has no outstanding dilutive potential
saham biasa yang bersifat dilutif pada tanggal- ordinary shares as of December 31, 2014 and 2013,
tanggal 31 Desember 2014 dan 2013, dan oleh and accordingly, no diluted earnings per share is
karenanya, laba per saham dilusian tidak dihitung calculated and presented in the consolidated
dan disajikan pada laporan laba rugi komprehensif statements of comprehensive income.
konsolidasian.
43. KEBIJAKAN DAN TUJUAN MANAJEMEN RISIKO 43. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN AND POLICIES
MANAJEMEN RISIKO RISK MANAGEMENT
Liabilitas keuangan utama Kelompok Usaha The principal financial liabilities of the Group
meliputi utang usaha dan lain-lain, liabilitas yang consist of trade and other payables, accrued
masih harus dibayar dan pinjaman jangka liabilities and long-term loans. The main purpose of
panjang. Tujuan utama dari liabilitas keuangan ini these financial liabilities is to raise funds for the
adalah untuk mengumpulkan dana untuk operasi operations of the Group. The Group also has
Kelompok Usaha. Kelompok Usaha juga various financial assets such as cash and cash
mempunyai berbagai aset keuangan seperti kas equivalents and trade receivables, which arised
dan setara kas dan piutang usaha, yang directly from their operations.
dihasilkan langsung dari kegiatan usahanya.
191
443 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
43. KEBIJAKAN DAN TUJUAN MANAJEMEN RISIKO 43. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
Bisnis Kelompok Usaha mencakup aktivitas The Groups business involves taking on risks in a
pengambilan risiko dengan sasaran tertentu targeted manner and managing them
dengan pengelolaan yang profesional. Fungsi professionally. The core functions of the Groups
utama dari manajemen risiko Kelompok Usaha risk management are to identify all key risks for the
adalah untuk mengidentifikasi seluruh risiko kunci, Group, measure these risks and manage the risk
mengukur risiko-risiko ini dan mengelola posisi positions. The Group regularly reviews its risk
risiko. Kelompok Usaha secara rutin menelaah management policies and systems to reflect
kebijakan dan sistem manajemen risiko untuk changes in markets, products and best market
menyesuaikan dengan perubahan di pasar, practice.
produk dan praktek pasar terbaik.
Tujuan Kelompok Usaha dalam mengelola risiko The Groups aim in managing the financial risks is
keuangan adalah untuk mencapai keseimbangan to achieve an appropriate balance between risk
yang sesuai antara risiko dan tingkat and return and minimize potential adverse effects
pengembalian dan meminimalisasi potensi efek on the Groups financial performance.
memburuknya kinerja keuangan Kelompok Usaha.
Kelompok Usaha mendefinisikan risiko keuangan The Group defines financial risk as the possibility
sebagai kemungkinan kerugian atau laba yang of losses or profits foregone, which may be caused
hilang, yang disebabkan oleh faktor internal dan by internal or external factors which might have
eksternal yang berpotensi negatif terhadap negative potential impact to the achievement of the
pencapaian tujuan Kelompok Usaha. Groups objectives.
Direksi menyediakan kebijakan tertulis manajemen The Directors provide written policies for overall risk
risiko secara keseluruhan, termasuk kebijakan management, as well as written policies covering
tertulis untuk area khusus, seperti risiko nilai tukar specific areas, such as foreign exchange risk,
mata uang, risiko tingkat bunga, risiko harga, risiko interest rate risk, price risk, credit risk, liquidity risk
kredit, risiko likuiditas penggunaan instrumen use of derivative financial instruments and non-
keuangan derivatif dan non-derivatif. Kelompok derivative financial instruments. The Group
Usaha mengidentifikasi, mengevaluasi dan identifies. evaluates and economically hedges its
melakukan aktivitas lindung nilai secara ekonomis financial risks. Each business unit carries out the
atas risiko keuangan. Masing-masing unit bisnis risk management based on the written policies
melaksanakan manajemen risiko berdasarkan approved by the Directors. Risk Management
kebijakan-kebijakan yang disetujui oleh Direksi. Committee monitors the risk management carried
Komite Manajemen Risiko memonitor pelaksanaan out by the Group.
manajemen risiko yang dilaksanakan oleh
Kelompok Usaha.
Manajemen risiko dilaksanakan oleh Komite Risk management is carried out by Risk
Manajemen Risiko dengan kebijakan-kebijakan Management Committee under policies approved
yang disetujui oleh Dewan Direksi. Kelompok by the Board of Directors. The Group identifies.
Usaha mengidentifikasi, mengevaluasi dan evaluates and economically hedges financial risks.
melakukan aktivitas lindung nilai secara ekonomis The Board of Directors provides written principles
atas risiko keuangan. Dewan Direksi menyediakan for overall risk management, as well as written
kebijakan tertulis manajemen risiko secara policies covering specific areas, such as foreign
keseluruhan, termasuk kebijakan tertulis untuk exchange risk, interest rate risk, credit risk, liquidity
area khusus, seperti risiko nilai tukar mata uang, risk, use of derivative financial instruments and non-
risiko suku bunga, risiko kredit, risiko likuiditas, derivative financial instruments.
penggunaan instrumen keuangan derivatif dan
non-derivatif.
192
444 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
43. KEBIJAKAN DAN TUJUAN MANAJEMEN RISIKO 43. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
Risiko yang berasal dari instrumen keuangan The risks arising from financial instruments to which
Kelompok Usaha adalah risiko keuangan. the Group is exposed are financial risks, which
termasuk diantaranya adalah risiko kredit, risiko include credit risk, market risk and liquidity risk.
pasar dan risiko likuiditas.
Risiko kredit adalah risiko kerugian keuangan Credit risk is the risk of suffering financial loss,
yang timbul jika pelanggan Kelompok Usaha when the Groups customers fail to fulfill their
gagal memenuhi kewajiban kontraktualnya contractual obligations to the Group. Credit risk
kepada Kelompok Usaha. Risiko kredit terutama arises mainly from trade receivables from the
berasal dari piutang usaha yang diberikan sale of gas to customers.
kepada pelanggan dari penjualan gas.
(ii) Pengendalian batas risiko dan kebijakan (ii) Risk limit control and mitigation policies
mitigasi
Jaminan Deposits
193
445 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
43. KEBIJAKAN DAN TUJUAN MANAJEMEN RISIKO 43. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN AND POLICIES
MANAJEMEN RISIKO (lanjutan) RISK MANAGEMENT (continued)
(iii) Penurunan nilai dan kebijakan pencadangan (iii) Impairment and provisioning policies
Cadangan penurunan nilai yang diakui pada Impairment allowances are recognized for
pelaporan keuangan hanyalah kerugian yang financial reporting purposes only for losses
telah terjadi pada tanggal laporan keuangan that have been incurred at the date of the
konsolidasian (berdasarkan bukti obyektif consolidated financial statements (based on
atas penurunan nilai). objective evidence of impairment).
(iv) Eksposur maksimum risiko kredit tanpa (iv) Maximum exposure to credit risk before
memperhitungkan jaminan deposit held
Eksposur risiko kredit terhadap aset pada Credit risk exposure relating to assets in the
laporan posisi keuangan konsolidasian consolidated statement of financial position
adalah sebagai berikut: is as follows:
Eksposur maksimum/
Maximum exposure
2014
Eksposur maksimum/
Maximum exposure
2013
Sehubungan dengan risiko kredit yang timbul With respect to credit risk arising from the
dari aset keuangan lainnya yang mencakup other financial assets. which comprise cash
kas dan setara kas dan kas yang dibatasi and cash equivalents and restricted cash,
penggunaannya, risiko kredit yang dihadapi the Groups exposure to credit risk arises
Kelompok Usaha timbul karena wanprestasi from default of the counterparty. The Group
dari counterparty. Kelompok Usaha memiliki has a policy not to place investments in
kebijakan untuk tidak menempatkan investasi instruments that have a high credit risk and
pada instrumen yang memiliki risiko kredit only put the investments in banks with a
tinggi dan hanya menempatkan investasinya high credit ratings. The maximum exposure
pada bank-bank dengan peringkat kredit equal to the carrying amounts as disclosed
yang tinggi. Nilai maksimal eksposur adalah in Notes 8, 9 and 13.
sebesar nilai tercatat sebagaimana
diungkapkan pada Catatan 8, 9 dan 13.
194
446 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
43. KEBIJAKAN DAN TUJUAN MANAJEMEN RISIKO 43. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
MANAJEMEN RISIKO (lanjutan) RISK MANAGEMENT(continued)
a. Risiko Kredit (lanjutan) a. Credit Risk (continued)
(iv) Eksposur maksimum risiko kredit tanpa (iv) Maximum exposure to credit risk before
memperhitungkan jaminan (lanjutan) deposit held (continued)
Konsentrasi risiko aset keuangan dengan Concentration of risks of financial assets
eksposur risiko kredit: with credit risk exposure:
(a) Sektor geografis (a) Geographical sectors
Tabel berikut menggambarkan rincian The following table breaks down the
eksposur kredit Kelompok Usaha pada Groups credit exposure at their carrying
nilai tercatat yang dikategorikan amounts, as categorized by
berdasarkan area geografis pada tanggal geographical region as of
31 Desember 2014, untuk tabel ini, December 31, 2014, for this table, the
Kelompok Usaha telah mengalokasikan Group has allocated exposures to
eksposur area berdasarkan wilayah regions based on the geographical area
geografis tempat mereka beroperasi. which activities are undertaken.
2014
Jawa Sumatera
2013
Jawa Sumatera
195
447 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
43. KEBIJAKAN DAN TUJUAN MANAJEMEN RISIKO 43. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
MANAJEMEN RISIKO (lanjutan) RISK MANAGEMENT (continued)
2014
Dikurangi: Less:
Cadangan kerugian Allowance for impairment
penurunan nilai - (18.297.304) (18.297.304) losses
2013
Dikurangi: Less:
Cadangan kerugian Allowance for impairment
penurunan nilai - (12.162.454) (12.162.454) losses
196
448 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
43. KEBIJAKAN DAN TUJUAN MANAJEMEN RISIKO 43. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
MANAJEMEN RISIKO (lanjutan) RISK MANAGEMENT (continued)
b. Risiko Pasar b. Market Risk
Kelompok Usaha memiliki eksposur terhadap The Group is exposed to market risk, in
risiko pasar, yaitu risiko tingkat bunga dan risiko particular interest rate risk and foreign currency
mata uang asing. risk.
Risiko tingkat bunga arus kas adalah risiko Cash flow interest rate risk is the risk that the
dimana arus kas masa depan dari suatu future cash flows of a financial instrument will
instrumen keuangan berfluktuasi karena fluctuate because of changes in market interest
perubahan suku bunga pasar. rates.
Kelompok Usaha memiliki pinjaman jangka The Groups short-term and long-term loans
pendek dan jangka panjang dengan bunga are charged with variable interest rates. The
variabel. Kelompok Usaha akan memonitor Group will strictly monitor the market interest
secara ketat pergerakan suku bunga di pasar rates fluctuation and if the interest rates
dan apabila suku bunga mengalami kenaikan significantly increased, they will renegotiate the
yang signifikan maka Perusahaan akan interest rate to the lenders.
menegosiasikan kembali suku bunga tersebut
dengan para lender.
Kelompok Usaha juga melakukan transaksi The Group also enters into interest rates swap
swap suku bunga untuk menyesuaikan risiko to match the interest rate risk associated with
suku bunga yang terasosiasi dengan efek the variable rates short-term bank loans and
pinjaman bank jangka pendek dan pinjaman long-term loans, however no hedge accounting
jangka panjang dengan tingkat bunga variabel, is applied.
akan tetapi tidak memberlakukan akuntansi
lindung nilai.
(i) Risiko tingkat bunga (i) Interest rate risk
Kelompok Usaha memiliki eksposur terhadap The Group takes an exposure to the effects
dampak fluktuasi tingkat suku bunga pasar of fluctuations in the prevailing levels of
yang berlaku baik atas risiko nilai wajar market interest rates, both its fair value and
maupun arus kas. cash flow risks.
Tabel di bawah ini mengikhtisarkan eksposur The table below summarizes the Groups
nilai wajar instrumen keuangan Kelompok fair value exposures to interest rate risks:
Usaha terhadap risiko tingkat bunga:
2014
197
449 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
43. KEBIJAKAN DAN TUJUAN MANAJEMEN RISIKO 43. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
MANAJEMEN RISIKO (lanjutan) RISK MANAGEMENT (continued)
b. Risiko Pasar (lanjutan) b. Market Risk (continued)
2013
Analisa sensitivitas untuk risiko suku bunga Sensitivity analysis for interest rate risk
Pada tanggal 31 Desember 2014, jika tingkat As of December 31, 2014, had the interest
suku bunga pinjaman meningkat/menurun rate of the loans been 50 basis points
sebesar 50 basis poin dengan semua variabel higher/lower with all other variables held
konstan, laba sebelum beban pajak untuk constant. income before tax expense for the
tahun yang berakhir pada tanggal tersebut year then ended would have been
lebih rendah/tinggi sebesar US$3.824.067, US$3,824,067, lower/higher mainly as a
terutama sebagai akibat kenaikan/penurunan result of higher/lower interest expense on
biaya bunga atas pinjaman dengan tingkat loans with floating interest rates.
bunga mengambang.
(ii) Risiko mata uang asing (ii) Foreign exchange risk
Risiko mata uang asing adalah risiko atas Foreign exchange risk is the risk that arise
perubahan nilai tukar Dolar Amerika Serikat from the changes of exchange rate of US
sebagai mata uang penyajian terhadap Dollar as presentation currency against
mata uang asing, khususnya Rupiah dan foreign currencies, especially Rupiah and
Yen Jepang. Risiko ini muncul disebabkan Japanese Yen. Assets, liabilities and
aset, liabilitas dan transaksi operasional operational transactions of the Group are
tertentu Kelompok Usaha didenominasi oleh denominated in foreign currencies.
mata uang asing sehingga pelemahan Dolar therefore, the weakening of US Dollar will
Amerika Serikat terhadap mata uang asing influence the financial performance of the
tersebut dapat mempengaruhi kinerja Group.
Kelompok Usaha.
Risiko mata uang asing adalah risiko dimana Foreign exchange rate risk is the risk that
nilai wajar dari arus kas masa depan dari the fair value or future cash flows of a
instrumen keuangan akan berfluktuasi yang financial instrument will fluctuate because of
disebabkan perubahan nilai tukar mata uang changes in foreign exchange rates. The
asing. Dampak fluktuasi tingkat mata uang Groups exposure to exchange rate
asing Kelompok Usaha terutama berasal dari fluctuations results primarily from Japanese
Yen Jepang yang didenominasi dari Yen which denominated from long-term
pinjaman jangka panjang. loans.
198
450 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
43. KEBIJAKAN DAN TUJUAN MANAJEMEN RISIKO 43. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
MANAJEMEN RISIKO (lanjutan) RISK MANAGEMENT (continued)
b. Risiko Pasar (lanjutan) b. Market Risk (continued)
Untuk mengatur risiko mata uang asing, To manage foreign exchange rate risks, the
Perusahaan melakukan kontrak cross Company entered into cross currency swap
currency swap. Kontrak ini akan dicatat contract. This contract is accounted as
sebagai transaksi bukan lindung nilai, transaction not designated as hedge,
dimana perubahan atas nilai wajar akan wherein the changes in the fair value are
masuk dalam laporan laba rugi komprehensif charged or credited directly to the
konsolidasian tahun berjalan. consolidated statement of comprehensive
income for the current year.
Sebagian besar pembelian gas dalam mata Most purchases of gas in US Dollar are also
uang Dolar Amerika Serikat juga dijual dalam sold in US Dollar, thus naturally hedging the
Dolar Amerika Serikat, sehingga lindung nilai related foreign currency exposures.
atas risiko nilai tukar mata uang asing terjadi Currently, liabilities denominated in foreign
secara alami. Saat ini, liabilitas yang timbul currency arising from financing activities are
dari pembiayaan dalam mata uang asing tidak not hedged.
dilindung nilai.
Kelompok Usaha mempunyai aset dan The Group had monetary assets and
liabilitas moneter dalam mata uang asing liabilities denominated in foreign currencies
pada tanggal 31 Desember 2014 yang as of December 31, 2014 which are
disajikan pada Catatan 44. presented in Note 44.
Analisa sensitivitas untuk risiko mata uang Sensitivity analysis for foreign exchange
asing risk
Pada tanggal 31 Desember 2014, jika nilai As of December 31, 2014, if the exchange
tukar Dolar Amerika Serikat terhadap mata rates of the US Dollar against foreign
uang asing meningkat sebanyak 10% dengan currencies appreciated by 10% with all
semua variabel konstan, laba sebelum beban other variables held constant. profit before
pajak untuk tahun yang berakhir pada tanggal tax expense for the year then ended would
tersebut lebih rendah sebesar have been US$25,556,994 lower, mainly as
US$25.556.994, terutama sebagai akibat result of foreign exchange losses/gains on
kerugian/keuntungan translasi kas dan setara the translation of cash and cash equivalents
kas dan pinjaman dalam mata uang asing, and loans denominated in foreign
sedangkan jika nilai tukar Dolar Amerika currencies, while, if the exchange rates of
Serikat terhadap mata uang asing menurun the US Dollar against foreign currencies
sebanyak 10%, maka laba sebelum beban depreciated by 10%, profit before tax
pajak untuk tahun yang berakhir pada tanggal expense for the year then ended would
tersebut lebih tinggi sebesar US$34.839.352. have been US$34,839,352 higher.
(ii) Risiko harga (iii) Price risk
Kelompok Usaha mempunyai investasi dalam The Group has investment in bonds which
obligasi yang nilai wajarnya sangat the fair value of these investments are
terpengaruh dengan risiko harga pasar. affected by the market price risk. The Group
Kelompok Usaha mengelola risiko ini dengan manages this risk through diversification the
mendiversifikasikan ke beberapa investasi. investments. Board of Directors reviews
Dewan Direksi melakukan audit dan and approves all short-term investments
menyetujui setiap keputusan investasi jangka decision.
pendek.
199
451 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
43. KEBIJAKAN DAN TUJUAN MANAJEMEN RISIKO 43. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
MANAJEMEN RISIKO (lanjutan) RISK MANAGEMENT (continued)
b. Risiko Pasar (lanjutan) b. Market Risk (continued)
Analisa sensitivitas untuk risiko harga Sensitivity analysis for price risk
Pada tanggal 31 Desember 2014, jika tingkat As of December 31, 2014, if the price rates
harga pasar investasi meningkat/menurun of the investment have been 10%
sebesar 10% dengan semua variabel konstan, higher/lower with all other variables held
investasi jangka pendek Kelompok Usaha constant, the short-term investments for the
untuk tahun yang berakhir pada tanggal year then ended would have been
tersebut lebih rendah/tinggi sebesar US$9,258,815 lower/higher.
US$9.258.815.
c. Risiko Likuiditas c. Liquidity Risk
Risiko likuiditas adalah risiko dimana Kelompok Liquidity risk is the risk that the Group is unable
Usaha tidak bisa memenuhi liabilitas pada saat to meet its obligations when they fall due. The
jatuh tempo. Kelompok Usaha melakukan Group evaluates and monitors cash-in flow and
evaluasi dan pengawasan yang ketat atas arus cash-out flow to ensure the availability of funds
kas masuk (cash-in) dan kas keluar (cash-out) to settle the due obligation. In general, funds
untuk memastikan tersedianya dana untuk needed to settle the current and long-term
memenuhi kebutuhan pembayaran liabilitas yang liabilities are obtained from settlement of trade
jatuh tempo. Secara umum, kebutuhan dana receivables from the customers with one month
untuk pelunasan liabilitas jangka pendek maupun credit term.
jangka panjang yang jatuh tempo diperoleh dari
pelunasan piutang usaha dari pelanggan yang
memiliki jangka waktu kredit satu bulan.
Tabel dibawah merupakan profil liabilitas The table below summarizes the maturity
keuangan Kelompok Usaha berdasarkan arus profile of the Groups financial liabilities based
kas kontraktual yang tidak terdiskonto: on contractual undiscounted payments:
Sewaktu-waktu dan
Dalam Waktu 1 Dalam Waktu
Tahun/ 1 sampai
On Demand dengan 5 Lebih dari 5
and Within Tahun/Within Tahun/More Than
Total/Total 1 Year 1 to 5 Years 5 Years
Pada tanggal As of
31 Desember 2014 December 31, 2014
Utang usaha 137.655.427 137.655.427 - - Trade payables
Utang lain-lain 114.848.136 114.848.136 - - Other payables
Liabilitas yang masih
harus dibayar 668.658.891 668.658.891 - - Accrued liabilities
Pinjaman jangka
panjang yang
jatuh tempo dalam Current maturities of
waktu satu tahun long-term loans
Pokok pinjaman 87.127.922 87.127.922 - - Principal
Future imputed
Beban bunga interest
masa depan 11.077.916 11.077.916 - - charges
200
452 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
43. KEBIJAKAN DAN TUJUAN MANAJEMEN RISIKO 43. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
MANAJEMEN RISIKO (lanjutan) RISK MANAGEMENT (continued)
c. Risiko Likuiditas (lanjutan) c. Liquidity Risk (continued)
Sewaktu-waktu
dan Dalam Waktu
1 Tahun/ Dalam Waktu 1
On Demand sampai dengan Lebih dari 5
and Within 5 Tahun/Within Tahun/More Than
Total/Total 1 Year 1 to 5 Years 5 Years
Pada tanggal As of
31 Desember 2014 December 31, 2014
Pinjaman jangka
panjang. setelah
dikurangi bagian Long-term loans.
yang jatuh tempo net
dalam waktu satu of current
tahun maturities
Pokok pinjaman 473.038.896 - 145.517.980 327.520.916 Principal
Beban bunga masa Future imputed
depan 92.860.712 - 38.714.512 54.146.200 interest charges
Derivative
Utang derivatif 11.005.055 - - 11.005.055 payable
Bonds
Utang Obligasi 1.332.255.514 - - 1.332.255.514 payables
Future imputed
Beban bunga masa interest
depan 657.665.625 - - 657.665.625 charges
Sewaktu-waktu
dan Dalam Waktu Dalam Waktu 1
1 Tahun/ sampai dengan Lebih dari 5
On Demand 5 Tahun/Within Tahun/More Than
Total/Total and Within 1 Year 1 to 5 Years 5 Years
Pada tanggal As of December
31 Desember 2013 31, 2013
Pinjaman bank Short-term bank
jangka pendek loans
Pokok pinjaman 300.000.000 300.000.000 - - Principal
Future imputed
Beban bunga Interest
masa depan 4.489.050 4.489.050 - - charges
Utang usaha 158.320.476 158.320.476 - - Trade payables
Utang lain-lain 57.609.234 57.609.234 - - Other payables
Liabilitas yang masih
harus dibayar 180.458.414 180.458.414 - - Accrued liabilities
Pinjaman jangka
panjang yang
jatuh tempo dalam Current maturities
waktu satu tahun of long-term loans
Pokok pinjaman 113.980.602 113.980.602 - - Principal
Future imputed
Beban bunga interest
masa depan 14.476.833 14.476.833 - - charges
Pinjaman jangka
panjang. setelah
dikurangi bagian
yang jatuh tempo Long-term loans.
dalam waktu satu net of current
tahun maturities
Pokok pinjaman 611.976.149 - 221.388.757 390.587.392 Principal
Future imputed
Beban bunga interest
masa depan 114.883.295 - 47.145.018 67.738.277 charges
Derivative
Utang derivatif 11.927.017 - - 11.927.017 payable
201
453 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
43. KEBIJAKAN DAN TUJUAN MANAJEMEN RISIKO 43. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
MANAJEMEN MODAL CAPITAL MANAGEMENT
Kelompok Usaha bertujuan mencapai struktur The Group aims to achieve an optimal capital
modal yang optimal untuk memenuhi tujuan structure in pursuit of their business objectives,
usaha, diantaranya dengan mempertahankan which include maintaining healthy capital ratios and
rasio modal yang sehat dan memaksimalkan nilai maximizing shareholder value.
pemegang saham.
Beberapa instrumen utang Kelompok Usaha Some of the Groups debt instruments contain
memiliki rasio keuangan yang mensyaratkan rasio covenants that impose maximum leverage ratios.
leverage maksimum. Kelompok Usaha telah The Group has complied with all externally
memenuhi semua persyaratan modal yang imposed capital requirements.
ditetapkan oleh pihak luar.
Manajemen memantau modal dengan Management monitors capital using several
menggunakan beberapa ukuran leverage financial leverage measurements such as debt to
keuangan seperti rasio utang terhadap ekuitas dan equity ratio and debt service ratio. The Groups
debt service ratio. Tujuan Kelompok Usaha adalah objectives are to maintain their debt to equity ratio
mempertahankan rasio utang terhadap ekuitas at a maximum of 2.33 as of December 31, 2014.
sebesar maksimum 2,33 pada tanggal
31 Desember 2014.
Pada tanggal 31 Desember 2014, akun-akun As of December 31, 2014, the Groups debt to
Kelompok Usaha yang membentuk rasio utang equity ratio and debt service ratio accounts are as
terhadap ekuitas dan debt service ratio adalah follows:
sebagai berikut:
31 Des. 2014/
Dec. 31, 2014
202
454 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
2014
203
455 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Nilai wajar aset dan liabilitas keuangan disajikan The fair values of the financial assets and liabilities
dalam jumlah di mana instrumen tersebut dapat are presented at the amounts which instrument
dipertukarkan dalam transaksi kini antara pihak- could be exchanged in a current transaction
pihak yang berkeinginan (willing parties), bukan between willing parties, not in a forced sale or
dalam penjualan akibat kesulitan keuangan atau liquidation.
likuidasi yang dipaksakan.
Metode dan asumsi berikut ini digunakan untuk The following methods and assumptions were
mengestimasi nilai wajar untuk setiap kelompok used to estimate the fair value of each class of
instrumen keuangan yang praktis untuk financial instrument for which it is practicable to
memperkirakan nilai tersebut: estimate such value:
1. Kas dan setara kas, kas yang dibatasi 1. Cash and cash equivalents, restricted cash,
penggunaannya, piutang usaha - neto dan trade receivables - net and other receivables -
piutang lain-lain - neto. net.
Seluruh aset keuangan di atas merupakan aset All of the above financial assets are due within
keuangan jangka pendek yang akan jatuh 12 months, thus the carrying value of the
tempo dalam waktu 12 bulan sehingga nilai financial assets approximate their fair values of
tercatat aset keuangan tersebut telah the financial assets.
mencerminkan nilai wajar dari aset keuangan
tersebut.
204
456 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Aset keuangan di atas diukur pada harga The above financial assets are measured at
kuotasian yang dipublikasikan dalam pasar published quoted market price in active market.
aktif.
3. Utang usaha, utang lain-lain dan liabilitas yang 3. Trade payables, other payables and accrued
masih harus dibayar. liabilities.
Seluruh liabilitas keuangan di atas merupakan All of the above financial liabilities are due
liabilitas jangka pendek yang akan jatuh tempo within 12 months, thus the carrying value of the
dalam waktu 12 bulan sehingga nilai tercatat financial liabilities approximate their fair value.
liabilitas keuangan tersebut telah
mencerminkan nilai wajar.
4. Piutang lain-lain jangka panjang, pinjaman 4. Other long-term receivables, short-term bank
bank jangka pendek, pinjaman jangka panjang loans, long-term loans and bonds bpyable.
dan utang obligasi.
Seluruh aset dan liabilitas keuangan di atas All of the above financial assets and liabilities
merupakan pinjaman yang memiliki suku are assets and liabilities with floating and fixed
bunga variabel dan tetap yang disesuaikan interest rates which are adjusted in the
dengan pergerakan suku bunga pasar movements of market interest rates, thus the
sehingga nilai tercatat aset dan liabilitas carrying values of the financial assets and
keuangan tersebut telah mendekati nilai wajar. liabilities approximate their fair values.
Nilai wajar dari kewajiban keuangan ini Fair value of this financial liability is estimated
diestimasi dengan menggunakan teknik using appropriate valuation techniques with
penilaian yang wajar dengan nilai input pasar market observable inputs.
yang dapat diobservasi.
Aset dan liabilitas keuangan diklasifikasikan Financial assets and liabilities are classified in their
secara keseluruhan berdasarkan tingkat terendah entirety based on the lowest level of input that is
dari masukan (input) yang signifikan terhadap significant to the fair value measurements. The
pengukuran nilai wajar. Penilaian dampak assessment of the significance of a particular input
signifikan dari suatu input tertentu terhadap to the fair value measurements requires
pengukuran nilai wajar membutuhkan judgement, and may affect the valuation of the
pertimbangan dan dapat mempengaruhi penilaian assets and liabilities being measured and their
dari aset dan liabilitas yang diukur dan placement within the fair value hierarchy.
penempatannya dalam hirarki nilai wajar.
Bukti terbaik dari nilai wajar adalah harga yang The best evidence of fair value is quoted prices in
dikuotasikan (quoted prices) dalam sebuah pasar an active market. If the market for a financial
yang aktif. Jika pasar untuk sebuah instrumen instrument is not active, an entity establishes fair
keuangan tidak aktif, entitas menetapkan nilai value by using a valuation technique. The objective
wajar dengan menggunakan metode penilaian. of using a valuation technique is to establish what
Tujuan dari penggunaan metode penilaian adalah the transaction price would have been on the
untuk menetapkan harga transaksi yang terbentuk measurement date in an arm's length exchange
pada tanggal pengukuran dalam sebuah transaksi motivated by normal business considerations.
pertukaran yang wajar dengan pertimbangan
bisnis normal.
205
457 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Metode penilaian termasuk penggunaan harga Valuation techniques include using recent arm's
dalam transaksi pasar yang wajar (arms length) length market transactions between
terakhir antara pihak-pihak yang memahami dan knowledgeable, willing parties, if available,
berkeinginan, jika tersedia, referensi kepada nilai reference to the current fair value of another
wajar terkini dari instrumen lain yang secara instrument that is substantially the same,
substansial sama, analisa arus kas yang discounted cash flow analysis and option pricing
didiskontokan dan model harga opsi (option models.
pricing models).
Jika terdapat metode penilaian yang biasa If there is a valuation technique commonly used by
digunakan oleh para peserta pasar untuk market participants to price the instrument and that
menentukan harga dari instrumen dan metode technique has been demonstrated to provide
tersebut telah didemonstrasikan untuk reliable estimates of prices obtained in actual
menyediakan estimasi yang andal atas harga yang market transactions, the entity uses that technique.
diperoleh dari transaksi pasar yang aktual, entitas The chosen valuation technique makes maximum
harus menggunakan metode tersebut. Metode use of market inputs and relies as little as possible
penilaian yang dipilih membuat penggunaan on entity-specific inputs. It incorporates all factors
maksimum dari input pasar dan bergantung sedikit that market participants would consider in setting a
mungkin atas input yang spesifik untuk entitas price and is consistent with accepted economic
(entity-specific input). Metode tersebut methodologies for pricing financial instruments.
memperhitungkan semua faktor yang akan Periodically, the Company calibrates the valuation
dipertimbangkan oleh peserta pasar dalam technique and tests it for validity using prices from
menentukan sebuah harga dan selaras dengan any observable current market transactions in the
metode ekonomis untuk penilaian sebuah same instrument (i.e., without modification or
instrumen keuangan. Secara berkala, Perusahaan repackaging) or based on any available observable
menelaah metode penilaian dan mengujinya untuk market data.
validitas dengan menggunakan harga dari
transaksi pasar terkini yang dapat diobservasi
untuk instrumen yang sama (yaitu tanpa modifikasi
dan pengemasan kembali) atau berdasarkan data
pasar yang tersedia dan dapat diobservasi.
206
458 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
2013
Input yang
signifikan dan
dapat diobservasi
Harga pasar secara langsung Input yang
yang dikuotasikan maupun tidak signifikan
untuk aset dan langsung tetapi tidak
liabilitas yang sama (Level 2)/ dapat
(Level 1)/ Significant and diobservasi
Quoted prices in observable (Level 3)/
active markets for inputs. Significant
identical assets direct or unobservable
Total/ or liabilities indirectly inputs
Total (Level 1) (Level 2) (Level 3)
Aset keuangan lancar Current financial asset
Investasi jangka pendek 85.384.831 85.384.831 - - Short-term investments
Untuk tahun yang berakhir pada tanggal-tanggal For the period/year ended December 31, 2014
31 Desember 2014 dan 2013, tidak terdapat and 2013, there were no transfers between Level 1
pengalihan antara pengukuran nilai wajar Level 1 and Level 2 fair value measurements.
dan Level 2.
\
207
459 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
45. ASET DAN LIABILITAS DALAM MATA UANG 45. ASSETS AND LIABILITIES DENOMINATED IN
ASING FOREIGN CURRENCIES
Pada tanggal 31 Desember 2014 dan 2013, aset As of December 31, 2014 and 2013, the Groups
dan liabilitas moneter Kelompok Usaha dalam monetary assets and liabilities denominated in
mata uang asing adalah sebagai berikut: foreign currencies are as follows:
2014 2013
Aset Assets
Dalam Rupiah In Rupiah
Kas dan setara kas Rp 3.003.714.011.912 3.066.390.281.270 Cash and cash equivalents
Kas yang dibatasi
penggunaannya Rp - 3.203.432.934 Restricted cash
Investasi jangka pendek Rp 95.000.000.000 95.000.000.000 Short-term investments
Piutang usaha Rp 605.853.601.520 571.834.489.483 Trade receivables
Piutang lain-lain - neto Rp 388.158.975.582 70.576.170.866 Other receivables - net
Uang muka Rp 105.772.680.682 17.888.214.046 Advances
Liabilitas Liabilities
Dalam Rupiah In Rupiah
Utang usaha Rp 74.378.663 309.675.429 Trade payables
Utang lain-lain Rp 1.059.604.575.869 238.173.749.544 Other payables
Liabilitas yang masih
harus dibayar Rp 1.268.753.025.082 348.811.088.475 Accrued liabilities
Liabilitas imbalan kerja Short-term employees
jangka pendek Rp 513.441.179.663 434.196.996.804 benefits liabilities
Utang pajak Rp 194.416.400.404 165.827.602.119 Taxes payable
208
460 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
45. ASET DAN LIABILITAS DALAM MATA UANG 45. ASSETS AND LIABILITIES DENOMINATED IN
ASING (lanjutan) FOREIGN CURRENCIES (continued)
2014 2013
Sebagian besar pembelian gas dalam mata uang Most purchases of gas in US Dollar are also sold in
Dolar Amerika Serikat juga dijual dalam Dolar US Dollar, thus naturally hedging the related foreign
Amerika Serikat, sehingga lindung nilai atas risiko currency exposures. Currently, liabilities
nilai tukar mata uang asing terjadi secara alami. denominated in foreign currency arising from
Saat ini, liabilitas yang timbul dari pembiayaan financing activities are not hedged.
dalam mata uang asing tidak dilindung nilai.
Pada tanggal penyelesaian laporan keuangan As of the completion date of these consolidated
konsolidasian, kurs tengah yang dikeluarkan oleh financial statements, the rates of exchange
Bank Indonesia adalah Rp12.863 untuk US$1, published by Bank Indonesia were Rp12,863 to
SG$1,36 untuk US$1 dan JPY119,28 untuk US$1. US$1, SG$1.36 to US$1 and JPY119.28 to US$1. If
Apabila kurs tersebut digunakan pada tanggal such exchange rates had been used as of
31 Desember 2014, maka liabilitas konsolidasi December 31, 2014, the net consolidated liabilities
neto akan meningkat sebesar US$3.242.787. will increase by US$3,242,787.
46. INFORMASI SEGMEN USAHA 46. SEGMENT INFORMATION
Untuk kepentingan manajemen, Kelompok Usaha For management purposes. the Group is organized
digolongkan menjadi unit usaha berdasarkan into business units based on their products and
produk dan jasa dan memiliki empat segmen services and has four reportable operating
operasi yang dilaporkan sebagai berikut: segments as follows:
1. Segmen distribusi gas 1. Gas distribution segment
Segmen distribusi gas melakukan kegiatan Gas distribution segment is mainly involved in
usaha utama Perusahaan dalam gas distribution purchased from gas suppliers
mendistribusikan gas yang dibeli dari supplier and then supplies to the industrial, commercial
gas dan menyalurkannya kepada pelanggan and household customers.
industri, komersial dan rumah tangga.
2. Segmen transmisi gas 2. Gas transmission segment
Segmen transmisi gas melakukan kegiatan Gas transmission segment mainly involved in
usaha dalam menyalurkan gas untuk gas transmission for customers.
pelanggan industri.
3. Segmen ekplorasi minyak dan gas 3. Exploration of oil and gas
Segmen eksplorasi minyak gas melakukan Exploration of oil and gas segment mainly
kegiatan usaha dalam ekplorasi, eksploitasi involved in exploration, exploitation and
dan pengembangan usaha di bidang minyak businesss development in oil and gas.
dan gas bumi.
209
461 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Eksplorasi Minyak
dan Gas/
Distribusi/ Transmisi/ Exploration of Operasi Lainnya/ Konsolidasian/
Distribution Transmission Oil and Gas Other Operations Consolidation
Total Pendapatan Neto 2.909.158.959 186.473.109 297.797.565 15.160.428 3.408.590.061 Total Net Revenues
Total Beban Segmen 1.857.550.263 181.333.973 183.148.889 147.223.780 2.369.256.905 Total Segment Expenses
HASIL RESULTS
Laba segmen 1.051.608.696 5.139.136 114.648.676 (132.063.352) 1.039.333.156 Segmen profit
Gain on foreign
Laba kurs - neto 47.452.904 exchange - net
Laba perubahan nilai wajar Gain on change in fair
derivatif - neto 2.181.174 value of derivative - net
Share in profit
Bagian laba dari entitas asosiasi 30.906.198 of the associates
Pendapatan keuangan 26.032.902 Finance income
Keuntungan dari pembelian dengan diskon 5.604.315 Gain on bargain purchase
Beban keuangan (75.575.385) Finance cost
Penurunan nilai wajar goodwill (5.234.075) Impairment of goodwill
Impairment losses on
Kerugian penurunan nilai properti minyak dan gas (34.661.543) oil and gas properties
210
462 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Eksplorasi Minyak
dan Gas/
Distribusi/ Transmisi/ Exploration of Operasi Lainnya/ Konsolidasian/
Distribution Transmission Oil and Gas Other Operations Consolidation
OTHER
PENDAPATAN KOMPREHENSIF LAIN COMPREHENSIVE INCOME
TOTAL
LABA KOMPREHENSIF OTHER COMPREHENSIVE
LAIN SETELAH PAJAK 612.602 INCOME AFTER TAX
Total
Total Penyusutan yang Dikonsolidasikan 176.975.708 Consolidated Depreciation
211
463 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Eksplorasi Minyak
dan Gas/
Distribusi/ Transmisi/ Exploration of Operasi Lainnya/ Konsolidasian/
Distribution Transmission Oil and Gas Other Operations Consolidation
Total Pendapatan Neto 2.769.733.303 180.240.606 34.844.573 16.698.148 3.001.516.630 Total Net Revenues
Total Beban Segmen 1.701.925.570 196.185.444 25.398.571 53.893.500 1.977.403.085 Total Segment Expenses
HASIL RESULTS
Laba segmen 1.067.807.733 (15.944.838) 9.446.002 (37.195.352) 1.024.113.545 Segmen profit
Gain on foreign
Laba kurs - neto 83.899.215 exchange - net
Laba perubahan nilai wajar Gain on change in fair
derivatif - neto 70.178.350 value of derivative - net
Share in profit
Bagian laba dari entitas asosiasi 32.272.194 of the associates
Pendapatan keuangan 26.910.239 Finance income
Kerugian penurunan nilai wajar goodwill (35.533.126) Impairment losses on goodwill
Impairment losses on
Kerugian penurunan nilai properti minyak dan gas (23.475.745) oil and gas properties
Beban keuangan (21.863.585) Finance cost
212
464 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Eksplorasi Minyak
dan Gas/
Distribusi/ Transmisi/ Exploration of Operasi Lainnya/ Konsolidasian/
Distribution Transmission Oil and Gas Other Operations Consolidation
Total
Total Penyusutan yang Dikonsolidasikan 185.636.321 Consolidated Depreciation
213
465 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
2013
Penambahan
Aset Tetap
dan Properti
Minyak dan Gas/
Nilai Tercatat Additions to
Aset Segmen/ Fixed Assets
Pendapatan Neto/ Carrying Value of and Oil and Gas
Uraian Net Revenues Segment Assets Properties Descriptions
47. PERISTIWA SETELAH TAHUN PELAPORAN 47. EVENTS AFTER THE REPORTING YEAR
1. Kelompok Usaha menerima surat dari 1. The Group received letter form Corporate and
Corporate and Bunisess registration Business Registration Department of Mauritius
Departement Negara Mauritius bertanggal dated January 13, 2015, which informed
13 Januari 2015 yang menginformasikan effective on that date, PGN Euro Finance
bahwa PGN Euro Finance 2003 Limited 2003 Limited has been kemoved from the
sudah di hapus dalam daftar yang di atur di regular under sector 308 of the Company Act
bawah undang-undang company Act 2001 2001.
seksi 308 dari Negara Mauritius sejak tanggal
13 Januari 2015.
2. Pada tanggal 29 Januari 2015, Perusahaan 2. On January 29, 2015, the Company and
dan PT Pertagas menandatangani perubahan PT Pertagas entered into an Amendment and
dan pernyataan kembali atas perjanjian Restatement of Gas Transportation
pengangkutan gas bumi melalui pipa, dimana Agreement through pipeline whereby both
kedua belah pihak setuju untuk parties agreed to extend the term of
memperpanjang waktu catatan perjanjian agreement until July 13, 2019 (Note 40.2).
sampai dengan 13 Juli 2019 (Catatan 40.2).
214
466 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
47. PERISTIWA SETELAH TAHUN PELAPORAN 47. EVENTS AFTER THE REPORTING YEAR
(lanjutan) (continued)
3. Pada tanggal 30 Januari 2015, Perusahaan 3. On January 30, 2015 the Company and
dan PT Bank Negara Indonesia (Persero) Tbk PT Bank Negara Indonesia (Persero) Tbk
menandatangani Amandemen kedua entered into second Amendment of Non Cash
perjanjian pemberian fasilitas kredit Non Cash Loan Facility Agreement, whereby both parties
Loan dimana kedua belah pihak setuju untuk agreed to extend the term of the agreement
memperpanjang waktu perjanjian sampai until December 18, 2015 (Note 41.14).
dengan 18 Desember 2015 (Catatan 41.14).
4. Pada tanggal 18 Februari 2015, Perusahaan 4. On February 18, 2015, the Company has
melakukan penarikan sebagian pinjaman withdrawal a portion of the loan facility as
yang berasal dari fasilitas pinjaman sindikasi disclosed in Note 41.5.
sebagaimana dijelaskan dalam Catatan 41.5.
a. Wilayah 1 a. Area 1
215
467 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
47. PERISTIWA SETELAH TAHUN PELAPORAN 47. EVENTS AFTER THE REPORTING YEAR
(lanjutan) (continued)
c. Wilayah 3 c. Area 3
216
468 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
47. PERISTIWA SETELAH TAHUN PELAPORAN 47. EVENTS AFTER THE REPORTING YEAR
(lanjutan) (continued)
Persentase penyelesaian fisik*) dari pihak Physical completion aspect *) from the
pembangun vessel adalah: contractor of vessel are:
Sampai dengan 31 Januari 2015, jumlah Up to January 31, 2015, the realization of
realisasi biaya wilayah 3 adalah project cost for Area 3 is US$113,080,153
US$113.080.153 (tidak diaudit). Dengan (unaudited). Therefore, the percentage of
demikian, persentase penyelesaian Wilayah 3 project completion for Area 3 for LNG
untuk LNG Lampung dan Distribusi Lampung Lampung and Distribusi Lampung compared
dibandingkan dengan jumlah estimasi biaya to total estimated project costs is 37%
proyek adalah sebesar 37% (tidak diaudit). (unaudited).
217
469 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
Informasi berikut adalah laporan keuangan tersendiri The following information is the separate financial
PT Perusahaan Gas Negara (Persero) Tbk, Entitas statements of PT Perusahaan Gas Negara (Persero)
Induk, yang merupakan informasi tambahan dalam Tbk, a Parent Entity, which is presented as
laporan keuangan konsolidasian PT Perusahaan Gas supplementary information to the consolidated
Negara (Persero) Tbk dan Entitas Anaknya tanggal financial statements of PT Perusahaan Gas Negara
31 Desember 2014 dan tahun yang berakhir pada (Persero) Tbk and its Subsidiaries as of
tanggal tersebut. December 31, 2014 and the year then ended.
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
LAPORAN POSISI KEUANGAN SEPARATE STATEMENT OF
TERSENDIRI FINANCIAL POSITION
31 Desember 2014 December 31, 2014
(Disajikan dalam Dolar Amerika, (Expressed in US Dollar,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
31 Desember/December 31,
2014 2013
ASET ASSETS
1
470 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
LAPORAN POSISI KEUANGAN SEPARATE STATEMENT OF
TERSENDIRI (lanjutan) FINANCIAL POSITION (continued)
31 Desember 2014 December 31, 2014
(Disajikan dalam Dolar Amerika, (Expressed in US Dollar,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
31 Desember/December 31,
2014 2013
EKUITAS EQUITY
Modal saham - nilai nominal Share capital
US$0,014 per saham Par value US$0.014 per share
Modal dasar - 70.000.000.000 saham Authorized - 70,000,000,000 shares
yang terdiri dari 1 saham Seri A share which consist of 1 Series A
Dwiwarna dan 69.999.999.999 Dwiwarna share and 69,999,999,999
Saham seri B Series B share
Issued and fully paid -
Modal ditempatkan dan disetor penuh - 24,241,508,196 shares which
24.241.508.196 saham yang terdiri dari consist of 1 Series A Dwiwarna
1 saham Seri A Dwiwarna dan share and 24,241,508,195
24.241.508.195 saham Seri B 344.018.831 344.018.831 Series B shares
Modal saham diperoleh kembali (251.054) (251.054) Treasury stock
Modal disetor lainnya 284.334.247 284.334.247 Other paid-in capital
Saldo laba Retained earnings
Dicadangkan 1.892.288.752 1.477.639.771 Appropriated
Tidak dicadangkan 165.975.302 377.984.662 Unappropriated
Komponen ekuitas lainnya (36.692.011) (37.841.970) Other components of equity
TOTAL LIABILITAS DAN EKUITAS 5.371.540.755 3.871.592.674 TOTAL LIABILITIES AND EQUITY
2
471 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
LAPORAN LABA RUGI SEPARATE STATEMENT OF
KOMPREHENSIF TERSENDIRI COMPREHENSIVE INCOME
Tahun yang Berakhir pada Tanggal Year Ended
31 Desember 2014 December 31, 2014
(Disajikan dalam Dolar Amerika, (Expressed in US Dollar,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2014 2013
3
472
The original supplementary information included herein are in the Indonesian language.
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
LAPORAN PERUBAHAN EKUITAS TERSENDIRI SEPARATE STATEMENT OF CHANGES IN EQUITY
Tahun yang Berakhir pada Tanggal 31 Desember 2014 Year Ended December 31, 2014
(Disajikan dalam Dolar Amerika, Kecuali Dinyatakan Lain) (Expressed in US Dollar, Unless Otherwise Stated)
Stock Treasury Stock in Capital Appropriated Unappropriated gain (loss) financial assets of Equity Total Equity
Saldo 1 Januari 2013 344.018.831 (251.054) 284.334.247 1.092.941.286 492.630.916 (53.516.670) 8.914.204 (44.602.466) 2.169.071.760 Balance as of January 1, 2013
Laba tahun berjalan 2013 - - - - 776.239.202 - - - 776.239.202 Profit for the year 2013
Pendapatan komprehensif lain - - - - - 22.528.317 (15.767.821) 6.760.496 6.760.496 Other comprehensive income
Saldo 31 Desember 2013 344.018.831 (251.054) 284.334.247 1.477.639.771 377.984.662 (30.988.353) (6.853.617) (37.841.970) 2.445.884. 487 Balance as of December 31, 2013
Laba tahun berjalan 2014 - - - - 648.523.874 - - - 648.523.874 Profit for the year 2014
Pendapatan komprehensif lain - - - - - (6.108.659) 7.258.618 1.149.959 1.149.959 Other comprehensive income
Saldo 31 Desember 2014 344.018.831 (251.054) 284.334.247 1.892.288.752 165.975.302 (37.097.012) 405.001 (36.692.011) 2.649.674.067 Balance as of December 31, 2014
Annual Reports 2014
PT Perusahaan Gas Negara (Persero) Tbk
473 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
LAPORAN ARUS KAS TERSENDIRI SEPARATE STATEMENT OF CASH FLOWS
Tahun yang Berakhir pada Tanggal Year Ended
31 Desember 2014 December 31, 2014
(Disajikan dalam Dolar Amerika, (Expressed in US Dollar,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2014 2013
Kas neto yang diperoleh dari Net cash provided by (used in)
(digunakan untuk) aktivitas pendanaan 532.834.029 (268.465.705) financing activities
5
474 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO SEPARATE FINANCIAL
TERSENDIRI STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan Dalam Dolar AS, (Expressed in US Dollar,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
6
475 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO SEPARATE FINANCIAL
TERSENDIRI STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan Dalam Dolar AS, (Expressed in US Dollar,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2014
Entitas Anak/Subsidiaries
PT Transportasi Gas Indonesia
(Transgasindo) 59,87% 81.755.336 - - 81.755.336
PT PGN Euro Finance 2003 (PGNEF) 100,00% 1 - - 1
PT PGAS Telekomunikasi Nusantara
(PGASKOM) 99,93% 6.872.161 - - 6.872.161
PT PGAS Solution (PGASSOL) 99,91% 9.028.138 - - 9.028.138
PT Saka Energi Indonesia (SEI) 99,00% 533.430.154 529.542.353 - 1.062.972.507
PT Gagas Energi Indonesia (GEI) 99,00% 3.790.464 - - 3.790.464
PT PGN LNG Indonesia (PLI) 99,98% 39.249.450 255.972.090 - 295.221.540
PT Permata Graha Nusantara (PERMATA) 99,95% - 7.631.294 - 7.631.294
Entitas Asosiasi/Associates
PT Nusantara Regas 40,00% 58.158.141 - - 58.158.141
PT Gas Energi Jambi 40,00% 111.453 - - 111.453
PT Banten Gas Sinegy 0,14% 2.718 - - 2.718
2013
Entitas Anak/Subsidiaries
PT Transportasi Gas Indonesia
(Transgasindo) 59,87% 81.755.336 - - 81.755.336
PT PGN Euro Finance 2003 (PGNEF) 100,00% 1 - - 1
PT PGAS Telekomunikasi Nusantara
(PGASKOM) 99,93% 6.872.161 - - 6.872.161
PT PGAS Solution (PGASSOL) 99,91% 9.028.138 - - 9.028.138
PT Saka Energi Indonesia (SEI) 99,00% 4.364.775 529.065.379 - 533.430.154
PT Gagas Energi Indonesia (GEI) 99,00% 3.790.464 - - 3.790.464
PT PGN LNG Indonesia (PLI) 99,98% 39.249.450 - - 39.249.450
Entitas Asosiasi/Associates
PT Nusantara Regas 40,00% 58.158.141 - - 58.158.141
PT Gas Energi Jambi 40,00% 111.453 - - 111.453
PT Banten Gas Sinegy 0,14% 2.718 - - 2.718
7
476 Consolidated Financial Statements PT Perusahaan Gas Negara (Persero) Tbk
Annual Reports 2014
PT PERUSAHAAN GAS NEGARA (PERSERO) TBK PT PERUSAHAAN GAS NEGARA (PERSERO) TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO SEPARATE FINANCIAL
TERSENDIRI STATEMENTS
31 Desember 2014 dan Tahun December 31, 2014 and The Year
Yang Berakhir Pada Tanggal Tersebut Then Ended
(Disajikan Dalam Dolar AS, (Expressed in US Dollar,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
PT Tranportasi Gas
Indonesia (Entitas 2014 3.943.467 - 13.714.627 - 4.387.312
Anak/Subsidiary) 2013 1.526.681 - 41.329.897 - 3.474.478
PT PGAS Telekomunikasi
Nusantara (Entitas 2014 846.535 - - 11.414.791 204.384
Anak/Subsidiary) 2013 703.461 - - 4.512.265 822.018
PT PGAS Solution
(Entitas Anak/ 2014 10.469 - - - 12.131.958
Subsidiary) 2013 16.340 8.789.401 - - 5.089.712
PT Permata Graha
Nusantara (Entitas 2014 - - - - -
Anak/Subsidiary) 2013 - - - - -
PT Nusantara Regas
(Entitas Asosiasi/ 2014 - - - - -
Associate) 2013 214.166 - - - -
8
08
BAPEPAM
Cross Reference
479 Bapepam Cross Reference PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
I. General
3. Financial ratios in comparative form 1. Income (loss) ratio to the total asset; 25
over a period of 3 (three) financial 2. Income (loss) ratio to the equity;
years or since the commencement 3. Income (loss) ratio to the revenues;
of business if the company has 4. Current ratio;
been running its business activities 5. Liability ratio to the equity;
for less than 3 (three) years 6. Liability ratio to the total asset; and
7. Other information and financial ratios relevant to the company
and its industry .
2. Report from tne Board of Directors Includes the following items: 33-40
1. The companys performance, encompassing among others
strategic policies, comparison between achievement of results
and targets and challenges faced by the company;
2. Business prospects;
3. Implementation of Good Corporate Governance by the company;
4. Changes in the composition of the Board of Directors (if any).
2. Brief history of the company Includes among others: date/year of establishment, name and 46-47
change in the company name, if any.
4. Organization Structure In the form of a chart, at least until one level below the Board of 54-55
Directors, along with names and titles;
13. Group Structure of the company Company group structure including subsidiaries, associated entities, 45
joint ventures and special purpose vehicles (SPV) or statement that
there is no group
15. Name and address of the Rating Information Includes the following items: 79
Agency (if any) 1. Name and address of PT Pemeringkat Efek Indonesia (Pefindo)
2. Name and address of Standard & Poors
3. Name and address of Moodys Asia Pacific Limited
4. Name and address of Fitch Ratings
16. Names and addresses of capital Information Includes the following items: 80-81
market agencies and professionals 1. Name and address of BAE
2. Name and address of Public Accountant Firm
3. Name and address of Indonesia Stock Exchange
4. Name and address of KSEI
17. Awards and/or certification received Information includes the following items: 82-85
by the company at both national 1. Names of awards and/or certificates
and international levels during the 2. Year awarded
year (if any) 3. Awarding or certifying authority or institution
4. validity (for certificates)
2. Comprehensive analysis of 1. current asset, non current asset, and total asset; 113-119
financial performance 2. Short term liabilities, long term liabilities, and total liabilities;
3. Equity;
4. Revenues, expense, income (loss), other comprehensive
revenues, and total comprehensive income (loss); and
5. Cash flow;
8. Material information and facts Description of significant events after the date of the accountants 122-123
subsequent to the date of the report, including the effects on the companys future performance
accountants report and business risk
9. Business prospects of the Description of the companys prospects in relation to the industry 123
company; and the economy in general, with supporting quantitative data from
reliable sources
12. Dividend policy and the dates and Includes the description of: 130
total dividend per share (cash and/ 1. Total dividend
or non cash) and total dividend per 2. Total dividend per share
year declared and paid for the last 2 3. Payout ratio
(two) years For each year
Note: if no dividend was paid, state the reason
Note:
if no such transaction took place,
this should be stated
16. Changes in the regulations that Description includes: changes in the regulations and their impact on 133
significantly affect the company the company
and its impact on the financial
report (if any); Note: if there are no changes that have a significant
impact, this should be stated
17. Changes in accounting policy, Description includes: changes in accounting policy, reasons and its 134
reasons and its impact on the impact on the financial report
financial report (if any)
Note:
if no such affiliation or relationship exist,
this should be stated
16. Access to corporate information Explanation of the availability of and access to corporate information 203
and data and data by the public, such as via a website, mass media, mailing
list, bulletins, analysts meetings, and so on
2. Statement Letter from the Board Compliance with Bapepam regulation-LK No.VIII.G.11 regarding the Board 247
of Directors regarding the Board of Directors Responsibility of the Financial Statements.
of Directors responsibility to the
Financial Statements
3. Opinion of Independent Auditor of 249-251
Financial Statements
4. Description of Independent Auditors Description includes: 251
opinion 1. Name & signature
2. Audit report date
3. License number of the Public Accountant Firm and license number of
the Public Accountant
488 Bapepam Cross Reference PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
13. Recent Developments in Financial Description of FAS/regulations that have been issued but are not 306-308
Accounting Standards and Other yet effective, which have not been applied by the company,
Regulations stating:
1. Type and effective date of the new FAS/ regulations
2. Nature of the change that is not yet effective or the change in
accounting policy; and
3. Effect of initial application of the new AS and regulations on the
Financial Statements
14. Disclosure related to the Financial Items that must be disclosed: 274-286
Instrument 1. Requirements, conditions and policies for each group of financial 442-458
instruments
2. Classification of financial instruments
3. Fair value of each group of financial instruments
4. Explanation of the risks related to the financial instruments: market
risk, credit risk and liquidity risk
5. Purpose and policy on financial risk management
15. Publication of the Financial Items to be disclosed include:
Statements 1. Date of authorization for the publication of the Financial Statements; 247
and 261
2. Party responsible for authorizing the Financial Statements
490 Bapepam Cross Reference PT Perusahaan Gas Negara (Persero) Tbk
Annual Report 2014
GLOSSARY
Contact Center
T 1500 645
E contact.center@pgn.co.id
Jl. K.H. Zainul Arifin No. 20
Jakarta 11140, Indonesia