Pengakuan pendapatan dan beban Revenue and expense recognition

q. Pengakuan pendapatan dan beban q. Revenue and expense recognition

(i) Pendapatan

(i) Revenue

Pendapatan produksi minyak mentah Revenues from the production of crude oil dan gas bumi diakui berdasarkan metode

and natural gas are recognised on the provisional entitlements pada saat lifting.

basis of the provisional entitlements Perbedaan lifting aktual minyak mentah

method at the point of lifting. Differences dan gas bumi menghasilkan piutang

between the actual liftings of crude oil and ketika entitlements final melebihi lifting

natural gas result in a receivable when minyak mentah dan gas bumi (posisi

final entitlements exceed liftings of crude underlifting) dan menghasilkan utang

oil and gas (underlifting position) and in a ketika lifting minyak mentah dan gas

payable when lifting of crude oil and gas bumi melebihi entitlements final (posisi

exceed final entitlements (overlifting overlifting). Volume underlifting dan

position). Underlifting and overlifting overlifting dinilai berdasarkan harga rata-

volumes are valued based on the annual rata tertimbang tahunan Minyak Mentah

weighted average Indonesian Crude Price Indonesia – (ICP) (untuk minyak mentah)

(ICP) (for crude) and price as determined dan harga yang ditetapkan dalam

in the respective Sale and Purchase Perjanjian

Contract (for gas).

bersangkutan (untuk gas bumi).

Perusahaan

The Company recognises subsidy revenue subsidi ketika Perusahaan menjual

mengakui

pendapatan

as it sells the subsidy products and produk

becomes entitled to the subsidy. subsidinya.

subsidi

dan

berhak

atas

2. IKHTISAR KEBIJAKAN AKUNTANSI PENTING

2. SUMMARY OF SIGNIFICANT ACCOUNTING

(lanjutan)

POLICIES (continued)

q. Pengakuan pendapatan

dan

beban

q. Revenue and expense recognition (continued)

(lanjutan)

(i) Pendapatan (lanjutan) (i) Revenue (continued)

Pendapatan dari penjualan barang dan Revenue from sales of goods and services jasa masing-masing diakui pada saat

is recognised when the significant risks risiko dan manfaat kepemilikan barang

and rewards of ownership of the goods are secara signifikan telah berpindah kepada

transferred to the buyer and when such pembeli dan pada saat jasa diberikan.

services are performed, respectively.

Pendapatan denda yang berasal dari Penalty income from overdue receivables piutang penjualan produk BBM yang

from BBM sales is recognised when the tertunggak diakui pada saat Perusahaan

Company and its customers agree on the dan pelanggan tersebut menyepakati

amount of the penalties and there is jumlah penalti dan ada bukti-bukti bahwa

evidence that the customers have pelanggan

committed to pay the penalties. membayar penalti.

berkomitmen

untuk

Biaya dan pendapatan sehubungan The cost and revenue involving sales of dengan penjualan listrik antara PGE,

among PGE, geothermal kontraktor

electricity

contractors and PT Perusahaan Listrik PT Perusahaan Listrik Negara (Persero)

Negara (Persero) (“PLN”) are recorded (“PLN”) dicatat berdasarkan Energy

based on Energy Sales Contracts under Sales Contracts dalam KOB. KOB

a JOC. The contracts stipulate that the tersebut mengharuskan penjualan listrik

sale of electricity from the JOC contractors dari kontraktor KOB ke PLN dilakukan

to PLN is to be made through PGE in the melalui PGE pada nilai yang sama

same amount of the purchase costs as the dengan biaya pembelian listrik dari

electricity from the JOCs. kontraktor KOB.

(ii) Beban

(ii) Expenses

Beban diakui pada saat terjadinya Expenses are recognised when incurred berdasarkan konsep akrual.

on an accrual basis.

2. IKHTISAR KEBIJAKAN AKUNTANSI PENTING

2. SUMMARY OF SIGNIFICANT ACCOUNTING

(lanjutan)

POLICIES (continued)