Kebijakan Manajemen Risiko Risk Management Policies

with ing tch ternal ng rties with ing tch ternal ng thout Rating oup 1 oup 2  ak-pihak   d parties  PT WINTERMAR OFFSHORE MARINE Tbk PT WINTERMAR OFFSHORE MARINE Tbk DAN ENTITAS ANAK AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN NOTES TO CONSOLIDATED KONSOLIDASIAN FINANCIAL STATEMENTS Untuk Tahun-tahun yang Berakhir For the Years Ended pada Tanggal 31 Desember 2016 dan 2015 December 31, 2016 and 2015 Dalam US Dolar Penuh In Full US Dollar Lanjutan Continued 66 Tabel berikut memperlihatkan liabilitas keuangan yang diukur pada biaya perolehan diamortisasi berdasarkan sisa umur jatuh temponya: The following table shows financial liabilities measured at amortized cost based on outstanding aging schedule: Tidak 0 - 1 tahunyear 1 tahunyear Total Ditentukan Undetermined USD USD USD USD Liabilitas Keuangan Financial Liabilities Ut an g Usah a -- 14,533,555 -- 14,533,555 Accounts Payable Beb an Akr u al -- 2,471,928 -- 2,471,928 Accrued Expense Liab ilit as Im b alan Ker ja Jan g ka Pen d ek -- 962,903 -- 962,903 Short Term Liabilities on Employee Benefit Liab ilit as Keu an g an Lain n ya 22,964,290 239,591 -- 23,203,881 Other Financial Liabilities Ut an g Ban k -- 24,602,097 76,454,557 101,056,654 Bank Loans Ut an g Pih ak Ber elasi -- 6,571,432 17,258,199 23,829,631 Due to Related Parties Total 22,964,290 49,381,506 93,712,756 166,058,552 Total 31 Des Dec 31, 2016 Tidak 0 - 1 tahunyear 1 tahunyear Total Ditentukan Undetermined USD USD USD USD Liabilitas Keuangan Financial Liabilities Ut an g Usah a -- 11,901,523 -- 11,901,523 Accounts Payable Beb an Akr u al -- 1,512,414 -- 1,512,414 Accrued Expense Liab ilit as Im b alan Ker ja Jan g ka Pen d ek -- 538,381 -- 538,381 Short Term Liabilities on Employee Benefit Liab ilit as Keu an g an Lain n ya 21,776,571 62,415 -- 21,838,986 Other Financial Liabilities Ut an g Ban k -- 34,087,936 86,130,466 120,218,402 Bank Loans Ut an g Pih ak Ber elasi 1,500,000 6,571,432 23,829,631 31,901,063 Due to Related Parties Total 23,276,571 54,674,101 109,960,097 187,910,769 Total 31 Des Dec 31, 2015 Risiko Mata Uang Grup tidak signifikan terekspos risiko mata uang asing karena Grup memiliki pendapatan dalam mata uang asing yang memadai untuk melakukan kegiatan pembayaran. Foreign Currency Risk The Group is not significantly exposed to foreign currency risk as the Group has adequate foreign currencies revenue to cover its payments. Aset dan liabilitas keuangan dalam mata uang asing pada 31 Desember 2016 berdasarkan jenis mata uang disajikan pada Catatan 27. Financial assets and liabilities denominated in foreign currency as of December 31, 2016 based on foreign currency represented in Note 27. Tabel berikut ini menunjukan sensitivitas kemungkinan perubahan tingkat pertukaran mata uang asing terhadap Dolar AS, dengan asumsi variabel lain konstan, dampak terhadap laba sebelum beban pajak penghasilan konsolidasian sebagai berikut: The following table demonstrates the sensitivity to a reasonably possible change in the foreign currency against the US Dollar, with all other variable held constant, with the effect to the consolidated income before corporate income tax expense as follows: 2016 2015 USD USD Dam p ak Ter h ad ap Lab a Seb elu m Pajak Pen g h asilan Effect on Income Before Income Tax Per u b ah an t in g kat p er t u kar an t er h ad ap USD 1 21,832 22,687 Change in exchange rate against USD 1 Per u b ah an t in g kat p er t u kar an t er h ad ap USD -1 21,832 22,687 Change in exchange rate against USD -1 Risiko Suku Bunga Grup terekspos risiko tingkat suku bunga terutama menyangkut liabilitas keuangan. Adapun liabilitas keuangan yang dimiliki Grup pada 31 Desember 2016 memiliki tingkat suku bunga tetap dan mengambang. Grup akan memonitor secara ketat pergerakan suku bunga di pasar dan apabila suku bunga mengalami kenaikan yang signifikan maka Grup akan menegosiasikan suku bunga tersebut dengan pemberi pinjaman, atau mempertimbangkan strategi hedging suku bunga. Interest Rate Risk The Group is exposed to interest rate risk mainly arising from financial liabilities. The financial liabilities of the Group as of December 31, 2016 have floating and fixed interest rates. The Group monitors the market interest rate fluctuation and if the market interest rate significantly increased, the Group will renegotiate the interest rate to the lender, or consider interest rate hedging strategy. PT WINTERMAR OFFSHORE MARINE Tbk PT WINTERMAR OFFSHORE MARINE Tbk DAN ENTITAS ANAK AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN NOTES TO CONSOLIDATED KONSOLIDASIAN FINANCIAL STATEMENTS Untuk Tahun-tahun yang Berakhir For the Years Ended pada Tanggal 31 Desember 2016 dan 2015 December 31, 2016 and 2015 Dalam US Dolar Penuh In Full US Dollar Lanjutan Continued 67 Tabel berikut memperlihatkan rincian liabilitas keuangan berdasarkan jenis bunga: The following table shows the breakdown of financial liabilities by type of interest: Suku Bunga Tertimbang Weighted Average Effective Interest Rate 2016 2015 USD USD Bu n g a Men g am b an g 5 - 5.75 81,744,081 99,380,292 Floating Rate Bu n g a Tet ap 5 - 6.24 51,235,426 61,315,460 Fixed Rate Tan p a Bu n g a -- 33,079,044 27,215,017 Non-Interest Bearing 166,058,551 187,910,769 Tabel berikut ini menunjukan sensitivitas kemungkinan perubahan tingkat bunga pinjaman. Dengan asumsi variable lain konstan, laba sebelum beban pajak konsolidasian dipengaruhi oleh tingkat suku bunga mengambang sebagai berikut: The following table demonstrates the sensitivity to a possible change in interest rates on that portion of loans. With all other variables held constant, the consolidated income before tax expenses is affected by the impact on floating rate loans as follows: 2016 2015 USD USD Dam p ak Ter h ad ap Lab a Seb elu m Pajak Pen g h asilan Effect on Income Before Income Tax Ken aikan d alam sat u an p o in + 100 1,122,142 1,020,460 Increase in basis point +100 Pen u r u n an d alam sat u an p o in -100 1,122,142 1,020,460 Decrease in basis point -100 b. Nilai Wajar Instrumen Keuangan b. Fair Value of Financial Instrument Nilai tercatat dan nilai wajar dari aset dan liabilitas keuangan adalah sebagai berikut: The fair value of financial assets and liabilities and their carrying amounts are as follows : Nilai Tercatat Nilai Wajar Nilai Tercatat Nilai Wajar Carrying Amount Fair value Carrying Amount Fair value USD USD USD USD Aset Keuangan Financial Assets Kas d an Set ar a kas 15,413,079 15,413,079 16,205,162 16,205,162 Cash and Cash Equivalents Piu t an g Usah a 25,094,975 25,094,975 23,995,344 23,995,344 Accountss Receivable Aset Keu an g an Lan car Lain n ya 1,957,141 1,957,141 366,464 366,464 Other Current Financial Asset Piu t an g Pih ak Ber elasi 722,346 722,346 719,519 719,519 Due from Related Parties Aset Tid ak Lan car Lain n ya - Dep o sit Jam in an 648,491 648,491 890,960 890,960 Other Non Current Asset - Refundable Deposit Total 43,836,032 43,836,032 42,177,449 42,177,449 Total Liabilitas Keuangan Financial Liabilities Ut an g Usah a 14,533,555 14,533,555 11,901,523 11,901,523 Accounts Payable Beb an Akr u al 2,471,928 2,471,928 1,512,414 1,512,414 Accrued Expense Liab ilit as Im b alan Ker ja Jan g ka Pen d ek 962,903 962,903 538,381 538,381 Short Term Liabilities on Employee Benefit Liab ilit as Keu an g an Lain n ya 23,203,881 23,203,881 21,838,986 21,838,986 Other Financial Liabilities Ut an g Ban k 101,056,653 101,056,653 120,218,402 120,218,402 Bank Loan Ut an g Pih ak Ber elasi 23,829,631 23,829,631 31,901,063 31,901,063 Due to Related Parties Total 166,058,551 166,058,551 187,910,769 187,910,769 Total 31 Des Dec 31 , 2015 31 Des Dec 31 , 2016 Pada 31 Desember 2016 dan 2015, manajemen memperkirakan bahwa nilai tercatat aset lancar dan liabilitas keuangan jangka pendek dan yang jatuh temponya tidak ditentukan telah mencerminkan nilai wajarnya. On December 31, 2016 and 2015, management estimates that the carrying value of assets and financial liabilities and which maturity is not specified has reflect its fair value. c. Manajemen Permodalan c. Capital Management Tujuan Grup dalam mengelola permodalan adalah untuk melindungi kemampuan Grup dalam mempertahankan kelangsungan usaha, sehingga entitas dapat tetap memberikan imbal hasil bagi pemegang saham dan manfaat bagi pemangku kepentingan lainnya dan untuk mengelola struktur modal yang optimal untuk meminimalisasi biaya modal yang efektif. Dalam rangka mengelola struktur modal, Grup mungkin menyesuaikan jumlah dividen, menerbitkan saham baru atau menambah mengurangi jumlah utang. Grup mengelola risiko ini The objectives of the Group are to manage capital to safeguard the ability of the Group to continue as a going concern in order to provide shareholders’ return and benefits for other stakeholders and to maintain an optimal capital structure to minimise the effective cost of capital. In order to maintain the capital structure, the Group may adjust the amount of dividends, issue new shares or increasedecrease debt levels. The Group manages the risk by monitoring gearing ratio which is calculated by dividing net debt with total equity. liabilitas nancial ng Rate Rate aring ensitivitas ty to a e Tax +100 -100 liabilitas es and alents able Asset rties eposit able pense nefit abilities Loan rties anajemen ment adalah ital to PT WINTERMAR OFFSHORE MARINE Tbk PT WINTERMAR OFFSHORE MARINE Tbk DAN ENTITAS ANAK AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN NOTES TO CONSOLIDATED KONSOLIDASIAN FINANCIAL STATEMENTS Untuk Tahun-tahun yang Berakhir For the Years Ended pada Tanggal 31 Desember 2016 dan 2015 December 31, 2016 and 2015 Dalam US Dolar Penuh In Full US Dollar Lanjutan Continued 68 dengan memonitor rasio gearing dihitung dengan membagi jumlah pinjaman bersih dibagi total ekuitas. Strategi Grup selama tahun 2016 dan 2015 adalah mempertahankan rasio gearing kurang dari 100 sebagai berikut: The Group’s strategy during 2016 and 2015 was to maintain the gearing ratio at below 100 as follows: 2016 2015 USD USD Ju m lah Pin jam an Ber b u n g a 132,979,507 160,695,752 Total Interest Bearing Debt Diku r an g i: Less: Kas d an set ar a kas 15,413,079 16,205,162 Cash and cash equivalents Dep o sit o Jam in an 648,491 890,960 Refundable Deposit Pin jam an b er sih 116,917,937 143,599,630 Net debt Ju m lah eku it as 231,549,443 253,810,317 Total equity Rasio gearing ko n so lid asian 50 57 Consolidated gearing ratio 29. Informasi Segmen 29. Segment Information Untuk tujuan pelaporan manajemen, saat ini Grup dibagi dalam 3 segmen usaha yaitu segmen usaha kapal dimiliki, kapal disewa dan lainnya. Segmen- segmen tersebut menjadi dasar pelaporan informasi segmen Perusahaan dan entitas anak. For management reporting purposes, the Group is currently organized into 3 business segments: charter of own vessels, charter of third party vessels and other services. Those segments are the basis for reporting of segments information of the Company and subsidiaries. Segmen usaha Grup adalah sebagai berikut: The business segments of the Group are as follows: Kapal dimiliki Kapal disewa Lain-lain Konsolidasian Own Vessels Chartered Vessels Other Services Consolidated USD USD USD USD Penjualan Bersih 58,898,261 26,232,893 4,005,180 89,136,334 Net Sales Hasil Segmen 8,617,376 3,735,248 1,259,078 13,611,702 Segment Result Beb an Usah a 8,742,380 Operating Expense Beb an Bu n g a d an Keu an g an 8,193,688 Interest and Financial Expense Pen d ap at an Lain n ya 76,047 Other Income Beb an Lain n ya 17,422,635 Other Expenses Beb an Pajak Fin al 1,311,582 Final Tax Expenses Bag ian Ru g i En t it as Aso siasi 78,797 Equity in Net Loss of Associates Ru g i Seb elu m Pajak 22,061,333 Loss Before Income Tax Beb an Pajak Pen g h asilan 878,334 Income Tax Rugi Tahun Berjalan 22,939,667 Loss for the Year Aset Seg m en 401,336,528 -- -- 401,336,528 Segment Asset Liab ilit as Seg m en 169,787,085 -- -- 169,787,085 Segment Liability Pen g elu ar an Bar an g Mo d al 9,139,694 -- -- 9,139,694 Capital Expenditures 2016 Kapal dimiliki Kapal disewa Lain-lain Konsolidasian Own Vessels Chartered Vessels Other Services Consolidated USD USD USD USD Penjualan Bersih 65,930,781 27,110,249 6,875,890 99,916,920 Net Sales Hasil Segmen 9,094,705 2,437,081 1,273,544 12,805,330 Segment Result Beb an Usah a 9,904,640 Operating Expense Beb an Keu an g an 9,402,009 Financial Expense Pen d ap at an Lain n ya 294,678 Other Income Beb an Lain n ya 3,990,787 Other Expenses Beb an Pajak Fin al 1,382,447 Final Tax Expenses Bag ian Lab a En t it as Aso siasi 1,643,312 Equity in Net Earning of Associates Ru g i Seb elu m Pajak 9,936,563 Loss Before Income Tax Beb an Pajak Pen g h asilan 183,596 Income Tax Rugi Tahun Berjalan 9,752,967 Loss for the Year Aset Seg m en 445,618,424 -- -- 445,618,424 Segment Asset Liab ilit as Seg m en 191,808,107 -- -- 191,808,107 Segment Liability Pen g elu ar an Bar an g Mo d al 14,206,428 -- -- 14,206,428 Capital Expenditures 2015