UANG MUKA PENJUALAN ADVANCES ON SALES PINJAMAN JANGKA PANJANG LONG-TERM LOANS
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.
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
78
22. PINJAMAN JANGKA PANJANG Lanjutan 22. LONG-TERM LOANS Continued