UTANG DIVIDEN DIVIDENDS PAYABLE
PT BAKRIE SUMATERA PLANTATIONS Tbk AND SUBSIDIARIES
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS
JUNE 30, 2014 AND DECEMBER 31, 2013 AND FOR THE SIX-MONTH PERIODS ENDED
JUNE 30, 2014 AND JUNE 30, 2013 UNAUDITED Amounts in tables are expressed in thousands of
Rupiah, unless otherwise stated
76
22. PINJAMAN JANGKA PANJANG Lanjutan 22. LONG-TERM LOANS Continued
Pada tanggal 27 Oktober 2011, Perusahaan telah menandatangani Perjanjian Fasilitas Pinjaman dengan
total maksimum sebesar USD250.000.000 dengan sebelas 11 lembaga keuangan yang diatur oleh
PT Bank Internasional Indonesia Tbk, Credit Suisse AG, Singapore Branch dan Raiffeisen Bank International AG,
Singapore Branch dengan Credit Suisse AG, Singapore Branch sebagai Agen Fasilitas dan Agen Penjamin.
Fasilitas pinjaman tersebut terdiri dari USD227.500.000 Facility A Commitments dan USD10.000.000 Facility B
Commitments. On October 27, 2011, the Company signed a
Credit Facility Agreement with a maximum limit of USD250,000,000 with eleven 11 financial institutions
arranged by PT Bank International Indonesia Tbk, Credit Suisse AG, Singapore Branch and Raiffeisen Bank
International AG, Singapore Branch with Credit Suisse AG, Singapore Branch as Facility Agent and Security
Agent. Such credit facility consisted of USD227,500,000 Facility A Commitments and USD10,000,000 Facility B
Commitments.
Fasilitas pinjaman tersebut digunakan untuk tujuan sebagai berikut:
The credit facility was used the following purposes: 1. Membayar semua biaya yang berhubungan dengan
pencairan fasilitas pinjaman ini. 1. To pay all of fees, costs and expenses in connection
with execution of this credit facility. 2. Pembayaran pertama atas perolehan fasilitas
pinjaman berserta bunganya. 2. To pay the initial payment and interest on obtaining
the credit facility. 3. Pembayaran bunga atas fasilitas kredit yang akan
jatuh tempo setelah pembayaran pertama. 3. Pay interest due on credit facility on the next payment
date. 4. Melunasi pinjaman antar perusahaan yang diperoleh
dari BSP Finance B.V., Entitas Anak, sehubungan dengan Senior Notes yang jatuh tempo tahun 2011.
4. To repay an intercompany loan from BSP Finance B.V., a Subsidiary, in connection with the Senior
Notes which became due in 2011. 5. Menyiapkan
dana untuk
melunasi pinjaman
PT Grahadura Leidongprima dan PT Monrad Intan Barakat, Entitas Anak, yang diperoleh dari Raiffeisen
Bank International AG, Singapore Branch pada saat jatuh tempo.
5. Reserve fund to pay an intercompany loan available to PT Grahadura Leidongprima and PT Monrad Intan
Barakat, Subsidiaries, when credit facilities from Raiffeisen Bank International AG, Singapore Branch
become due.
Facility A Commitments harus dilunasi oleh Perusahaan kepada Agen Fasilitas untuk Para Pemberi Pinjaman
setiap tiga 3 bulan selama dua puluh kali 20 dimulai dari tanggal penarikan fasilitas pinjaman sampai dengan
tanggal 1 November 2016. Facility A Commitments should be paid by the Company
to Facility Agent for the Lenders every three 3 months in twenty 20 installments starting from the date of
execution of the credit facility up to November 1, 2016.
Facility B Commitments harus dilunasi oleh Perusahaan kepada Pemberi Pinjaman pada saat jatuh tempo
fasilitas pinjamannya tanggal 1 November 2016. Facility B Commitments should be paid by the Company
to the Lender on the final maturity date on November 1, 2016.
Seluruh fasilitas pinjaman diatas dikenakan bunga sebesar
LIBOR ditambah
persentase tertentu
dan dijamin dengan gadai atas saham PT Agrowiyana, PT Air Muring, PT Grahadura Leidongprima, PT Huma
Indah Mekar, PT Agro Mitra Madani, PT Monrad Intan Barakat dan PT Bakrie Pasaman Plantations, Entitas
Anak, serta conditional subsequent guarantor, yaitu PT Sumbertama Nusapertiwi, Entitas Enak.
All of the above credit facilities bear interest at LIBOR
plus a
certain percentage
and are
secured by Fiduciary on shares of PT Agrowiyana, PT Air Muring, PT Grahadura Leidongprima, PT Huma
Indah Mekar, PT Agro Mitra Madani, PT Monrad Intan Barakat
and PT
Bakrie Pasaman
Plantations, Subsidiaries, and PT Sumbertama Nusapertiwi, a
Subsidiary, as conditional subsequent guarantor.
PT BAKRIE SUMATERA PLANTATIONS Tbk AND SUBSIDIARIES
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS
JUNE 30, 2014 AND DECEMBER 31, 2013 AND FOR THE SIX-MONTH PERIODS ENDED
JUNE 30, 2014 AND JUNE 30, 2013 UNAUDITED Amounts in tables are expressed in thousands of
Rupiah, unless otherwise stated
77
22. PINJAMAN JANGKA PANJANG Lanjutan 22. LONG-TERM LOANS Continued
Sesuai dengan Perjanjian Fasilitas Kredit, Perusahaan diwajibkan untuk memenuhi beberapa rasio keuangan
tertentu, seperti debt service cover, interest cover, leverage, total gross debt to equity dan minimum
tangible net worth untuk Kelompok Obligor dan leverage untuk Kelompok Usaha. Pada tanggal 30 Juni 2014,
Perusahaan
tidak dapat
memenuhi persyaratan
keuangan seperti yang dijelaskan dalam Perjanjian Fasilitas Kredit. Sampai dengan tanggal laporan ini,
Perusahaan sedang melakukan pembahasan secara proaktif dan intensif dengan Credit Suisse AG, Cabang
Singapura untuk mencapai solusi yang diterima bersama terkait masalah tersebut.
In accordance with the Credit Facility Agreement, the Company is required to comply with certain financial
covenants, such as debt service cover, interest cover, leverage, total gross debt to equity and minimum tangible
net worth for the Obligor Group and leverage for the Group. As of June 30, 2014, the Company was not able
to meet the financial covenants as described in the Credit Facility Agreement. As of the date of this report,
the Company is in proactive and intensive discussions with Credit Suisse AG, Singapore Branch to achieve a
mutually acceptable solution on this matter.
Saldo fasilitas ini pada tanggal 30 Juni 2014 dan 31 Desember 2013 masing-masing sebesar Rp2,37
triliun dan Rp2,41 triliun. The balance of this facility as of June 30, 2014 and
December 31, 2013 amounted to Rp2.37 trillion and Rp2. 41 trillion, respectively.
Pinjaman dari Verdant Capital Pte. Ltd Loans from Verdant Capital Pte. Ltd
Pada tanggal 19 Desember 2012, AI Finance B.V. “AI Finance” dan Agri Resources B.V. “ARBV”,
Entitas Anak, menandatangani perjanjian tambahan Supplemental Agreement dengan Verdant Capital Pte
Ltd untuk total pinjaman sebesar USD200.529.024. Perjanjian ini merupakan amandemen atas perjanjian
fasilitas pinjaman antara AI Finance dan ARBV dengan
Noonday Bishop Finance Limited “NDB” Agent Limited dengan pagu pinjaman sebesar USD174.600.000 dan
USD15.000.000 yang masing-masing telah ditanda tangani pada tanggal 11 Juli 2012, dimana NDB Agent
Limited telah memindahkan hak dan kewajibannya berdasarkan perjanjian-perjanjian fasilitas pinjaman
kepada Verdant Capital Pte., Ltd. On December 19, 2012,
AI Finance B.V. “AI Finance” and Agri
Resources B.V. “ARBV”, Subsidiaries, have entered into a Supplemental Agreement with Verdant
Capital Pte Ltd for a loan totaling USD200,529,024. This agreement is an amendment for the facility agreement of
AI Finance and ARBV with Noonday Bishop Finance Limited “NDB” Agent Limited with a maximum limit
amounting to USD174,600,000 and USD15,000,000 which was signed on July 11, 2012, wherein NDB Agent
Limited has transferred the rights and obligations under the loan facility agreements to Verdant Capital Pte., Ltd.
Jangka waktu Perjanjian Tambahan adalah selama 2 tahun dengan tingkat bunga 12 per tahun, yang
tidak dikenakan biaya sampai penyelesaian transaksi seperti yang diungkapkan pada Catatan 40a. Rincian
persyaratan
asli pinjaman
kepada agen
NDB diasumsikan oleh Verdant Capital Pte, Ltd adalah
sebagai berikut: The term of the Supplemental Agreement is for a period
of 2 years with interest rate at 12 per annum, which is not chargeable until the consummation of the transaction
as disclosed in Note 40a. The details of the original terms of the loan to NDB Agent Limited assumed by
Verdant Capital Pte., Ltd are as follows:
a. Pada tanggal 11 Juli 2012, AI Finance dan ARBV, Entitas Anak, menandatangani perjanjian fasilitas
pinjaman dengan NDB Agent Limited dengan pagu pinjaman sebesar USD174.600.000. Jangka waktu
pinjaman adalah 12 bulan dan dapat diperpanjang menjadi 18 bulan dengan tingkat suku bunga 12
per tahun. Fasilitas pinjaman ini digunakan antara lain untuk tujuan pembayaran obligasi AI Finance dan
bunga yang tertunggak yang jatuh tempo pada tanggal 12 Juli 2012 sebesar USD158.156.250.
a. On July 11, 2012, AI Finance and ARBV, Subsidiaries, entered into a Senior Facility Agreement
with NDB Agent Limited with a maximum limit amounting to USD174,600,000. The loan term was
12 months and can be extended to 18 months with interest rate at 12 per annum. The facility was used
among others to settle bonds payable issued by AI Finance and interest payable which was then due on
July 12, 2012 totaling USD158,156,250.