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
113
38. KEBIJAKAN DAN TUJUAN MANAJEMEN RISIKO KEUANGAN
38. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES
Tujuan, kebijakan dan proses secara umum General objectives, policies and processes
Kelompok Usaha dipengaruhi oleh berbagai risiko keuangan yaitu; risiko pasar termasuk risiko mata uang
asing, risiko suku bunga dan risiko harga komoditas, risiko kredit dan risiko likuiditas. Tujuan manajemen
risiko Kelompok Usaha secara keseluruhan adalah untuk secara efektif mengelola risiko tersebut dan
meminimalkan
dampak negatif
terhadap kinerja
keuangan tanpa terlalu mempengaruhi daya saing dan fleksibilitas Kelompok Usaha. Strategi untuk mendukung
tujuan dan sasaran dari manajemen risiko diwujudkan melalui pembentukan dan pengembangan budaya risiko
yang kuat, penerapan praktik Tata Kelola Perusahaan, pelestarian nilai-nilai kepatuhan terhadap regulasi,
infrastruktur yang memadai, serta proses kerja yang terstruktur dan sehat.
The Group is affected by various financial risks namely; market risk including foreign currency risk, interest rate
risk and commodity price risk, credit risk and liquidity risk. The Group’s overall risk management objectives are
to effectively manage these risks and minimize potential adverse effects on its financial performance without
unduly affecting the Groups competitiveness and flexibility. Strategies to support the goals and objectives
of risk management is actualized through the formation and development of a strong risk culture, the
implementation
of Good
Corporate Governance
practices, preserving the values of compliance with regulations, adequate infrastructure, as well as
structured and healthy working processes.
Dewan Direksi dan Dewan Komisaris Kelompok Usaha, melalui Komite Manajemen Risiko, memiliki tanggung
jawab keseluruhan untuk penciptaan dan pengawasan atas kebijakan manajemen risiko korporasi Kelompok
Usaha dan secara aktif terlibat dalam penilaian, perencanaan, peninjauan dan persetujuan dari semua
risiko dalam organisasi Kelompok Usaha. The Group’s Board of Directors and Board of
Commissioners, through
its Risk
Management Committee, have overall responsibility for the creation
and oversight of the Group’s corporate risk management policy and are actively involved in the assessment,
planning, review and approval of all the risks in the Group’s organization.
Kelompok Usaha
menerapkan Enterprise
Risk Management ERM yang dikelola oleh Divisi Enterprise
Audit Risk Management EARM, khususnya Departemen Enterprise Risk Management ERM, yang
bertanggung jawab atas koordinasi, fasilitasi, evaluasi dan penerapan Sistem Manajemen Risiko Korporasi.
Disamping itu, Departemen ERM juga memastikan bahwa Risk Control Self Assessment RCSA telah
diterapkan oleh para pemilik risiko. The Group implements an Enterprise Risk Management
ERM which is administered by the Enterprise Audit Risk Management EARM Division, particularly by the
Enterprise Risk Management ERM Department, which is responsible for the coordination, facilitation, evaluation
and implementation of the Group’s Corporate Risk Management System. In addition, the ERM department
also ensures that the Risk Control Self Assessment RCSA is being implemented by risk owners.
Rincian lebih lanjut mengenai Kelompok Usaha kebijakan risiko manajemen ini ditetapkan di bawah ini:
Further details regarding the Group’s financial risk
management policies are set out below:
Risiko Kredit Credit Risk
Risiko kredit adalah risiko kerugian keuangan yang timbul jika pelanggan gagal memenuhi kewajiban
kontraktualnya kepada Perusahaan. Kelompok Usaha memiliki risiko kredit yang berasal dari kas dan setara
kas, piutang usaha, piutang lain-lain, piutang plasma, piutang pihak berelasi dan dana yang dibatasi
penggunaannya. Credit risk is the risk of suffering financial loss, should
any of the Group’s customers and other third parties fail to fulfill their contractual obligations to the Group. The
Group’s credit risk arises from cash, trade receivables, other receivables, due from plasma, due from related
parties and restricted funds.
Kelompok Usaha memitigasi risiko kredit yang timbul dari transaksi dengan pelanggan dengan memastikan bahwa
penjualan produk hanya dilakukan kepada pelanggan yang layak dengan rekam jejak yang telah terbukti atau
sejarah kredit yang baik. Kelompok Usaha juga menerapkan sistem pembayaran uang muka untuk
penjualan domestik CPO sebanyak mungkin. The Group mitigates credit risk arising from transactions
with customers by ensuring that sales of products are only made to creditworthy customers with proven track
records or good credit history. The Group also implements a system of advance payments for domestic
CPO sales as much as possible.
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
114
38. KEBIJAKAN DAN TUJUAN MANAJEMEN RISIKO KEUANGAN Lanjutan
38. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES Continued
Untuk memitigasi risiko kredit yang timbul dari dana yang ditempatkan pada bank, Kelompok Usaha menempatkan
dana tersebut pada lembaga keuangan terkemuka. To mitigate the credit risk arising from funds placed with
banks, the Group places such funds with reputable financial institutions.
Perusahaan tidak masuk ke dalam instrumen derivatif untuk mengelola risiko kredit, walaupun langkah-langkah
pencegahan harus diambil untuk beberapa kasus tertentu yang cukup terkonsentrasi, yang betujuan untuk
mengurangi risiko serupa. The Group does not enter into derivatives to manage
credit risk, although in certain isolated cases may take steps to mitigate such risks if it is sufficiently
concentrated.
Kelompok Usaha eksposur maksimum untuk risiko kredit antara lain:
The Group’s maximum exposure to credit risk is as follows:
30 Juni 31 Desember
June 30, December 31,
2014 2013
Kas Cash
selain kas 117.462.679
116.442.177 excluding cash on hand
Piutang usaha 192.006.995
154.507.483 Trade receivables
Piutang lain-lain 288.236.640
320.013.866 Other receivables
Piutang pihak berelasi 2.532.333.353
2.356.130.453 Due from related parties
Piutang plasma 196.233.383
168.655.413 Due from plasma
Investasi pada efek ekuitas 302.472.184
302.535.339 Investments in equity securities
Dana yang dibatasi penggunaannya
25.312.540 26.306.457
Restricted funds
Total 3.654.057.774
3.444.591.188 Total
Analisis umur aset keuangan yang lewat jatuh tempo pada akhir periode pelaporan tetapi tidak mengalami
penurunan nilai dan yang lewat jatuh tempo dan mengalami penurunan nilai adalah sebagai berikut:
The analysis of the age of financial assets that were past due as at the end of the reporting period but not impaired
and past due and impaired is as follows:
Belum Jatuh Jatuh Tempo
Tempo ataupun dan Mengalami
Mengalami Penurunan
Penurunan Nilai Nilai
Neither Past Due 31-60 hari
61-90 hari 90 hari
Past Due and nor Impaired
31-60 days 61-90 days
90 days Impaired
TotalTotal
Kas Cash
selain kas 117.462.679
- -
- -
117.462.679 excluding cash on hand
Piutang usaha 33.373.762
894.589 240.330
157.498.314 378.012.195
570.019.190 Trade receivables
Piutang lain-lain 103.604.090
- -
- 11.177.706
114.781.796 Other receivables
Piutang pihak berelasi 2.553.604.910
- -
- 970.881.906
3.524.486.816 Due from related parties
Piutang plasma 196.233.383
- -
- -
196.233.383 Due from plasma
Investasi pada efek Investments in equity
ekuitas 302.472.184
- -
- 511.353
302.983.537 securities
Dana yang dibatasi penggunaannya
25.312.540 -
- -
- 25.312.540
Restricted funds
Total 3.332.063.548
894.589 240.330
157.498.314 1.360.583.160
4.851.279.941 Total
30 Juni 2014 June 30, 2014 Telah Jatuh Tempo tetapi Tidak Mengalami Penurunan Nilai
Past Due but Not Impaired