Financial risk management objectives and policies
PT. BHAKTI INVESTAMA Tbk DAN ENTITAS ANAK PT. BHAKTI INVESTAMA Tbk AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
31 MARET 2012 DAN 31 DESEMBER 2011 DAN PERIODE MARCH 31, 2012 AND DECEMBER 31, 2011 AND
TIGA BULAN YANG BERAKHIR 31 MARET 2012 DAN 2011 THREE MONTHS ENDED MARCH 31, 2012 AND 2011
Angka dalam tabel dinyatakan dalam jutaan Rupiah - Lanjutan Figures in tables are stated in millions of Rupiah - Continued
- 128 -
Bunga Bunga
Tanpa bunga mengambang
tetap Non-interest
Jumlah Instumen Keuangan
Floating rate Fixed rate
bearing Total
Financial Instrument Aset Keuangan
Financial Assets Kas dan setara kas
535.030 515.281
18.694 1.069.005
Cash and cash equivalents Piutang
310.496 443.486
3.255.360 4.009.342
Accounts receivable Aset keuangan lainnya - lancar
- 409.901
1.833.224 2.243.125
Other financial assets - current Aset keuangan lainnya - tidak lancar
- -
2.127.312 2.127.312
Other financial assets - noncurrent Liabilitas Keuangan
Financial Liabilities Utang bank
203.219 -
203.219 Bank loans
Wesel bayar -
157.920 -
157.920 Notes payable
Utang -
- 1.540.656
1.540.656 Accounts payable
Biaya masih harus dibayar -
- 331.332
331.332 Accrued expenses
Utang obligasi - bersih -
1.586.220 -
1.586.220 Bonds payable
Liabilitas sewa pembiayaan 17.306
- -
17.306 Finance lease obligation
Utang jangka panjang 716.969
608.590 -
1.325.559 Long-term liabilities
Liabilitas jangka panjang lainnya -
- 11.974
11.974 Other noncurrent liabilities
Uang muka pelanggan -
- 20.627
20.627 Customer deposit
Liabilitas kepada pemegang polis -
- 66.185
66.185 Liabilities to policyholders
Untuk mengelola risiko tingkat bunga, Perusahaan dan entitas anak memiliki
kebijakan dalam memperoleh pembiayaan dalam Rupiah dengan tingkat bunga bank
yang rendah, back to back deposito dan pinjaman yang akan memberikan spread
bunga yang kecil serta jangka waktu pinjaman yang lebih fleksibel sehinngga
dapat dilakukan pelunasan segera apabila tingkat bunga meningkat tinggi.
To manage the interest rate risk, the Company and its subsidiaries have a
policy in obtaining a low interest financing, back to back deposit, and
borrowing with a low margin of interest and also a flexible loan term, enabling the
Company to pay the loan if there is a significant increase with the rate.
iii. Manajemen risiko kredit iii.
Credit risk management
Risiko kredit mengacu pada risiko rekanan gagal dalam memenuhi liabilitas
kontraktualnya yang mengakibatkan kerugian bagi Perusahaan dan entitas
anak. Credit risk refers to the risk that a
counterparty will default on its contractual obligation resulting in a loss to the
Company and its subsidiaries.
Risiko kredit Perusahaan dan entitas anak terutama melekat pada rekening bank,
pinjaman piutang kepada pihak berelasi dan piutang usaha. Perusahaan dan
entitas anak menempatkan saldo bank pada institusi keuangan yang layak serta
terpercaya. Piutang usaha dilakukan dengan pihak ketiga terpercaya dan pihak
berelasi. Eksposur Perusahaan dan entitas anak dan rekanan dimonitor secara terus-
menerus dan nilai agregat transaksi terkait tersebar di antara rekanan yang telah
disetujui. The Company and its subsidiaries’ credit
risk is primarily attributed to their trade accounts receivable, bank deposits,
short-term investments and other
investment. Credit risk on bank deposits and short-term investments is considered
minimal because they are placed in credit worthy financial institutions.
Other investments
and trade accounts receivable with third parties are entered
with respected and credit worthy third parties. The Company and its
subsidiaries exposure and its counterparties are continuosly monitored
and the aggregate value of transactions concluded is spread amongst approved
counterparties. Credit exposure is controlled by counterparty limits that are
reviewed and approved by the risk management committee annually.