Kolektabilitas Piutang Accounts Receivable Collectability Struktur Modal Capital Structure

PT PELNI PERSERO LAPORAN TAHUNAN 2015 116 PT PELNI PERSERO Annual Report 2015 117 ANALISA DAN PEMBAHASAN MANAJEMEN Management Discussion and Analysis LAPORAN SUMBER DAYA MANUSIA Human Resources Report PT PELNI Persero - Rasio Solvabilitas Solvabilitas menunjukkan kemampuan perusahaan dalam memenuhi seluruh kewajibannya yang diukur dengan membandingkan jumlah Liabilitas terhadap jumlah Ekuitas dan jumlah Liabilitas terhadap jumlah Aset. - The Solvency Ratio Solvency indicates the company’s ability in meeting all obligations which measured by comparing Total Liabilities to Total Equity and Total Liabilities to Total Assets. Tabel Rasio Liquiditas Table of Liquidity Ratio Tabel Rasio Solvabilitas terhadap Aset Table of Solvability Ratio to Asset KETERANGAN Description 2015 2014 Aset Lancar Current Assets Liabilitas Jangka Pendek Short Term Liabilities Rasio likuiditas Liquidity Ratios 2.060.529.613.887 802.673.185.835 257 1.339.480.936.398 862.434.311.668 155 KETERANGAN Description 2015 2014 Jumlah Liabilitas Total Liabilities Jumlah Aset Total Assets Rasio Solvabilitas terhadap Aset Solvency Ratio to Asse 1.205.241.603.814 5.892.895.673.065 20 1.249.003.017.556 5.335.868.011.558 23 Perbandingan antara total solvabilitas dengan total aset PT PELNI Persero per Desember 2015 dan 2014 masing-masing sebesar 20 dan 23, hal ini terjadi karena faktor terbesarnya adalah bertumbuhnya aset perusahaan sebesar 10 dan khususnya karena kenaikan kas dan setara kas sebesar 126 atau Rp 468 milyar dari tahun sebelumnya. Di sisi liabilitas, juga mengalami penurunan sebesar 3,5 terutama dari hutang jangka pendek dimana terjadi pelunasan sebesar Rp 90 milyar rupiah. Sedangkan perbandingan antara total Liabilitas dengan total Ekuitas masing-masing sebesar 26 dan 31. Terjadi penurunan karena faktor terbesarnya yaitu adanya pertumbuhan nilai ekuitas sebesar 15 terutama dari adanya penambahan modal saham sebesar Rp 500 milyar dari pemerintah. Comparison between total solvency with total assets of PT PELNI Persero per December 2015 and 2014 were respectively by 20 and 23, this happened due to the largest factor of growth in the company’s assets amounted to 10 and in particular because of an increase in cash and equivalents of 126 or IDR 468 billion from the previous year. As the liabilities have also declined by 3.5 mainly of short-term debt repayment which occurs at IDR 90 billion. While the comparison between total liabilities to total equity were respectively 26 and 31. There was some declining due to equity value growth of 15 mainly from the addition of the share capital amounting to IDR 500 billion from the government.

5. Kolektabilitas Piutang

Pada tahun 2015, tingkat Kolektibilitas piutang PT PELNI Persero mencapai sebesar 19 hari, lebih lambat dibandingkan dengan tahun 2014 yaitu 18 hari. Mengalami peningkatan karena disamping pendapatan usaha yang bertumbuh terutama dari penerimaan PSO.

5. Accounts Receivable Collectability

By 2015, the level of collectability of PT PELNI Persero accounts receivable has reached by 19 days, slower than the previous year, 2014 which is 18 days. Increased happened due to growing revenues primarily from the receipt of PSO. Tabel Rasio Solvabilitas terhadap Ekuitas Table of Solvability Ratio to Equity Tabel Kolektabilitas Piutang Table of Account Receivable Collectivity KETERANGAN Description 2015 2014 Jumlah Liabilitas Total Liabilities Jumlah Ekuitas Total Equity Rasio Solvabilitas terhadap Ekuitas Solvency Ratios to Equity 1.205.241.603.814 4.687.654.069.251 26 1.249.003.017.556 4.086.864.994.002 31 KETERANGAN Description 2015 2014 Total piutang usaha Total Accounts Receivable Total pendapatan usaha Total Revenues Kolektibilitas Piutang Hari Collectability Accounts Receivable Days 185.894.832.123 3.868.892.816.324 19 hari 114.125.023.425 2.986.630.056.879 18 hari

6. Struktur Modal

Struktur modal PT PELNI Persero Tahun 2016 terdiri dari Modal Saham di tempatkan dan di setor penuh senilai Rp7.065.092 juta, Cadangan Umum sebesar Rp 66.534 juta, Penyertaan Modal Pemerintah sebesar Rp 143 juta, dan Laba Tahun Berjalan sebesar Rp 98.643 juta. Penghasilan komprehensif lainnya senilai Rp 17.812 juta dan Akumulasi rugi tahun lalu senilai Rp 2.525.978 juta.

6. Capital Structure

The capital structure of PT PELNI Persero in 2016 consists of Capital Stock Issued and fully paid that is amounted to IDR 7,065,092 million, general reserve that is amounted to IDR 66,534 million, Government Capital Participation amounted to IDR 143 million and Current Year Earnings that is amounted to IDR 98,643 million. Other Comprehensive income that is amounted to IDR 17,812 million and accumulated losses of previous year that is amounted to IDR 2,525,978 million. PT PELNI PERSERO LAPORAN TAHUNAN 2015 118 PT PELNI PERSERO Annual Report 2015 119 ANALISA DAN PEMBAHASAN MANAJEMEN Management Discussion and Analysis LAPORAN SUMBER DAYA MANUSIA Human Resources Report PT PELNI Persero Kebijakan Manajemen atas Struktur Modal Perusahaan menetapkan kebijakan struktur modal berdasarkan Rencana Kerja dan Anggaran Perusahaan RKAP 2015 yang disetujui melalui Rapat Pembahasan Bersama RPB.

7. Investasi Barang Modal yang Direalisasikan pada Tahun 2015