Kebijakan Manajemen Risiko Risk Management Policies
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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.
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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
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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