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Laporan Tahunan

annual report 2013


Clothing The World With Indonesian Heart
Daftar Isi
Table of Contents

02 Visi dan Misi


Vision and Mission

03 Tema
Theme

04 Sekilas Mengenai Perseroan


Company in Brief

06 Ringkasan Eksekutif
Executive Summary

08 Ikhtisar Keuangan
Financial Highlights

11 Sambutan Dewan Komisaris


Message from the Board of Commissioners

14 Dewan Komisaris
The Board of Commissioners

15 Profil Dewan Komisaris


Biography The Board of Commissioners

19 Laporan Dewan Direksi


Message from the Board of Directors

22 Dewan Direksi
The Board of Directors

24 Profil Dewan Direksi


Biography The Board of Directors

27 Penghargaan
Awards

28 Pembahasan dan Analisa Manajemen


Management Discussion and Analysis

36 Tata Kelola Perusahaan Yang Baik


Good Corparate Governance

49 Laporan Komite Audit


Audit Committee Report

51 Profil Komite Audit


Biography The Board of Audit Committee

53 Keterbukaan Informasi
Transparancy

60 Tanggung Jawab Atas Laporan Tahunan 2013


The Responsibility for The Annual Report 2013

61 Struktur Organisasi
Organization Structure

63 Laporan Auditor Independen


Independent Auditors Report

153 Informasi Perseroan


Corporate Information
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Tema
Theme
Dalam menjalankan dan mengembangkan bisnisnya Pan Brothers senantiasa melihat jauh ke depan.
Hal ini memerlukan tekad, ketahanan dan inisiatif untuk selalu mencari berbagai peluang baru,
merevitalisasi daya saing, memperbaharui kompetensi yang dimiliki dan mengembangkan landasan
usaha yang berkesinambungan. Kami senantiasa mengembangkan cara baru dalam berbisnis yang
memungkinkan kami terus bertumbuh serta mengurangi dampak terhadap lingkungan. Ini juga
memerlukan strategi dan inisiatif yang tepat untuk menjawab tantangan bisnis saat ini.

PBRX forsee and initiates action for future. Persistent, endurance and initiatives are required to
seize new opportunities, revitalise existing strengths and provide new platforms for sustainable
growth. We would develop new ways of doing business that will allow us to continuosly grow our
company while reducing the environmental impact. New strategies and corporate intiatives have
been developed to ensure that PBRX can meet todays challenges effectively.

Visi & Misi


Vision & Mission
Visi Kami Our Vision
Menjadi perusahaan apparel yang terpadu dan mendunia.
To be an integrated and worldwide apparel supplier Company.

Misi Kami Our Mission


Meningkatkan kinerja dan produk Perseroan dengan menerapkan keahlian manajemen yang terbaik
secara terus menerus.
To improve Companys performance and products by applying the best management practice continuously.
Menciptakan peluang yang terbaik bagi para karyawan untuk berkembang dan mencapai potensi maksimal.
To create the best opportunities for our employees to develop and achieve their full potentials.
Meningkatkan secara maksimal nilai investasi para pemegang saham dan memberikan kesempatan yang menarik.
To maximize shareholders value and provide attractive opportunities.
Meningkatkan Tata Kelola Perseroan Yang Baik dan senantiasa berusaha mencapai yang terbaik.
To enhance Good Corporate Governance and continually strive for excellence.
Memanfaatkan sumber-daya keuangan secara efisien.
To utilize our financial resources efficiently.
Logo Perseroan, digambarkan dengan tiga warna kombinasi yang dipadukan
Menjadi pemimpin di bidang penyuplai apparel serta memasok produk-produk bermutu dengan dengan tiga busur panah yang ditarik dengan sempurna, mengekspresikan
memaksimalkan kepuasan pelanggan. filosofi Perseroan, bahwa untuk pencapaian kesuksesan, kekuatan dan
To be leader in apparel supply chain and supply fine quality of garment products with maximize kemakmuran diperlukan kesatuan yang harmonis antara Stakeholder,
Manajemen dan Karyawan.
costumers satisfaction.
The Companys logo, portrayed by three color combination with three perfectly
Menjadi perusahaan yang mempunyai tanggung jawab sosial serta ramah lingkungan. drawn archers bow, expresses its philosophy for achieving its goal for success,
To be a social responsible and environmentally friendly Company. prosperity, and strength through harmonious unity of Stakeholder,
Management, and Staff.
Memberikan kontribusi aktif untuk pembangunan perekonomian Indonesia.
To actively contribute to Indonesia economic development.
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Sekilas Mengenai Perseroan


Company In Brief
Didirikan pada tanggal 21 Agustus 1980, Pan Brothers Established on August 21st, 1980, Pan Brothers is engaged
bergerak di bidang industri apparel dengan memproduksi in apparel industry to manufacture all kinds of garment,
berbagai jenis pakaian-jadi dan berkantor pusat di Tangerang. with headquarter in Tangerang.
mensupply merek-merek internasional seperti : H&M, Gap, presently supplyng to international brand label like: H&M,
Saham Perseroan pertama kali ditawarkan kepada masyarakat The Company offered its shares for the first time to the Walt Disney, Kohl's, Quick Silver and Target Australia, dll., Gap, Walt Disney, Kohl's, Quick Silver and Target Australia,
di tahun 1990 dan telah tercatat di Bursa Efek Indonesia public in 1990 and the Companys shares have been listed dan akan terus melayani pabrik garmen dalam dan luar etc., and will continue to serve both local garment
sejak tahun 1990. Sampai 31 Desember 2013 Perseroan in the Indonesia Stock Exchange since 1990. Up to December negeri. manufacturers and overseas garment makers efficiently.
memiliki enam anak perusahaan PT. Pancaprima Ekabrothers 31st 2013 the Company has four subsidiaries: PT. Pancaprima
(PPEB), PT. Hollit International (HI), Continent 8 Pte Ltd. Ekabrothers (PPEB), PT. Hollit International (HI), Continent 8 PT. Apparelindo Prima Sentosa (APS) sebuah perusahaan Joint PT. Apparelindo Prima Sentosa (APS) a new Joint Venture
(C8), PT. Ocean Asia Industry (OAI), PT. Apparelindo Prima Pte Ltd. (C8), PT. Ocean Asia Industry (OAI), PT. Apparelindo Venture dengan Entitas Anak. Perusahaan ini didirikan sebagai Company. APS was set-up as Joint Venture between
Sentosa (APS) dan PT. Eco Smart Garment Industry (ESGI). Prima Sentosa (APS) and PT. Eco Smart Garment Industry (ESGI). induk dari perusahaan-perusahaan retail milik Perseroan. Company and PPEB a subsidiary company. APS was set-up
Beroperasi mulai November 2013 dengan kepemilikan 99 % as retail holding company. APS starts the activities in
PT. Pan Brothers Tbk (PBT) memproduksi cut & sewn knit PT. Pan BrothersTbk (PBT) manufactures Cut and Sewn Knit dan 1 % dimiliki oleh Entitas Anak PT. Pancaprima Ekabrothers. November 2013 the Company hold 99 % of shares and
garment, seperti Polo Shirts, Golf Shirts, Track Suits, Garments such as Polo Shirts, Golf Shirts, Track Suits, Perseroan memasuki ke sektor retail melalui joint venture PPEB hold 1 % of shares. The Company enter the retail
Sweat Shirts, juga woven garment seperti Padded dan Sweat Suits as well as Woven Garments such as Padded and dengan pihak yang memiliki latar belakang di bidang itu. sector by joint venture with the company or person in
Light Weight Jackets, Pants, Shorts dan Casual Pant, dll, Light Weight Jackets, Pants, Shorts and Casual Pants etc, Saat ini melalui PT. Apparelindo Mitra Andalan dengan retail business background. Now via PT. Apparelindo Mitra
dan woven garment, seperti Short; Casual Pants, Dress with various fabric. kepemilikan 70 % telah memasarkan merek sendiri ZOE dan Andalan with 70% shares launched in-house brand ZOE and
Shirt, dll. dengan menggunakan berbagai jenis bahan. memasarkan merek Thailand Greyhound Original dan Flynow. Thailand brands Greyhound Original and Flynow.

PT. Pancaprima Ekabrothers (PPEB) memproduksi: Technical, PT. Pancaprima Ekabrothers (PPEB), manufactures: PT. Eco Smart Garment Indonesia sebuah perusahaan Joint PT. Eco Smart Garment Indonesia (ESGI) a new Joint
Functional and Active Wear Jackets suited for Snow Technical, Functional and Active Wear Jackets suited for Venture dengan Mitsubishi Corporation yang berkedudukan Venture Company with Mitsubishi Corporation base in
Boarding, Ski Outer Wear, Active Wear, Jogging, Hiking, Snow Boarding, Ski Outer Wear, Active Wear, Jogging, di Tokyo Jepang. Didirikan tahun 2013 dengan kepemilikan Tokyo Japan. ESGI was set-up in 2013 the Company hold
berbagai Pakaian Sports dan Pakaian Outdoor Activities dll. Hiking, and other Sports and Outdoor Activities, etc, Perseroan 85 % dan Mitsubishi 15 %. Perusahaan ini 85 % and Mitsubishi hold 15 %. ESGI will produce garment
dengan bahan seperti Nylon, Polyester, Micro Fiber, dll. using: Nylon, Polyster, Micro Fiber, etc. memproduksi garment untuk buyer yang dipegang oleh for Mitsubishi buyers and others.
Mitsubishi dan buyer lainnya.
PT. Hollit International (sejak 1990), adalah sebuah perusahaan PT. Hollit International (founded 1990), a unique Product
Product Development yang unik berpengalaman, dengan Development Company with strong heritage, is focused on Ekspor Perseroan tersebar ke seluruh Amerika Serikat, The Companys market has spread across the United States
fokus menyiapkan dan mengembangkan trend model juga the product development and closely following of latest Eropa Barat dan Timur, Kanada, Asia, Australia, dan of America, Western and Eastern Europe, Canada, Asia,
bahan yang dipakai. Menangani cukup banyak brand name trends in styling, finishing and materials. They works closely negara-negara lainnya. Sebagai produsen garmen yang Australia, and various other countries. As an export
dan life-style ternama, disamping yang diproduksi di with worlds renowned fashion brands and life-style companies, berorientasi ekspor, Perseroan telah memenuhi oriented garment manufacturer, the Company complies
Perseroan, Hollit telah bertahun-tahun menjalin kerjasama besides in-house production in PBT, Hollit has forged years persyaratan-persyaratan yang ditentukan oleh pelanggan. with customers requirements. In addition, the Company
yang kuat dengan banyak pabrik garment tertentu yang of inseparable partnerships with carefully selected production Di samping itu, Perseroan memenuhi seluruh kualifikasi fulfills all the qualifications such as safety regulations,
memiliki kemampuan produksi garment inovatif, high partners so enabling it to supply major innovative and yang meliputi pedoman keselamatan kerja, praktek kerja healthy work practices, and human rights.
quality produk ke pasar fashion. (lihat www.hollit.com). high-quality fashion products. (see www.hollit.com). yang sehat dan hak asasi manusia.

Continent 8 Pte. Ltd sebuah perusahaan Joint Venture di Continent 8 PTE Ltd is a new Joint Venture Company based Penjualan Perseroan setelah konsolidasi untuk tahun 2013 The Companys consolidated annual sales for the year 2013
Singapura, didirikan tahun 2012 dengan kepemilikan in Singapore, was set-up in year 2012 with 51 % adalah sebesar USD 339.7 juta, naik sebesar 18,53 % is USD 339.7 million, increased by 18.53 % compared to
51 %. Perusahaan ini bergerak sebagai Agen Penjualan ownership. Continent 8 has started as Apparel Buying dibandingkan dengan penjualan tahun 2012 sebesar USD the Companys annual sales revenue in year 2012 of USD
Apparel dan perusahaan Product Development. Agent and Product Development Company. 286,6 juta, kenaikan didukung oleh penambahan kapasitas 286,61 million, the increase was due from the capacity
di Jawa Tengah dan bertambahnya permintaan buyer. increase in Central Java and order from buyers.
Pan Brothers dan anak Perusahaan memasok antara lain: Pan Brothers and subsiadiaries Company supply to: Calvin
Calvin Klein, J Crew, S. Oliver, Tom Tailor, Christopher & Klein, J Crew, S. Oliver, Tom Tailor, Christopher & Banks, Perseroan berkantor pusat di Tangerang dengan pabrik The Companys head office in Tangerang with the factories
Banks, Dillard, Wilson, Belk, Ping, The North Face, Tommy Dillard, Wilson, Belk, Ping, The North Face, Tommy Hilfiger, Perseroan terletak di Tangerang, Boyolali dan Sragen. are located in Tangerang, Boyolali dan Sragen.
Hilfiger, Aeropostale, Victorinox, LL Bean, Arcteryx, Orage, Aeropostale, Victorinox, LL Bean, Arcteryx, Orage, LOLE,
LOLE, Peak Performance, CFL Commercial, Macys, Orvis, Peak Performance, CFL Commercial, Macys, Orvis, Stadium, PT. Pancaprima Ekabrothers anak perusahaan Perseroan PT. Pancaprima Ekabrothers as subsidiary company with
Stadium, Gerbing Clothing, Nike, Adidas, Salomon, Hugo Gerbing Clothing, Nike, Adidas, Salomon, Hugo Boss, berkantor pusat di Tangerang dengan pabrik di Tangerang head office in Tangerang with the factories are located in
Boss, Stella, New Balance, Under Armour, Spyder, Jack Stella, New Balance, Under Armour, Spyder, Jack Wolfskin, dan Boyolali. Tangerang and Boyolali.
Wolfskin, Marvic, Guess Inc, Jones of New York, Strelson, Marvic, Guess Inc, Jones of New York, Strelson, Joop,
Joop, North Sails, Oviesse, Coin Spa, NZA-Transit Fashion, North Sails, Oviesse, Coin Spa, NZA-Transit Fashion, Brooks PT. Hollit International anak perusahaan Perseroan PT. Hollit International as subsidiary company with head
Brooks Brothers, Coca Cola, Simint Spa, Holy Fashion, Brothers, Coca Cola, Simint Spa, Holy Fashion, ONeill, Next berkantor pusat di Jakarta. office in Jakarta.
ONeill, Next Retail, Mitsubishi, H & M, United Color of Retail, Mitsubishi, H & M, United Color of Benetton, Kate
Benetton, Kate Spade, Sierra Design, Solaris, Atomic, Spade, Sierra Design, Solaris, Atomic, Nikita, Ferrari, PT. Ocean Asia Industry anak perusahaan Perseroan PT. Ocean Asia Industry as subsidiary company with head
Nikita, Ferrari, Unitika, dll. Unitika, etc. berkantor pusat di Cikande, Serang, Banten. office in Cikande, Serang, Banten.

PT. Ocean Asia Industry sebuah perusahaan Joint Venture PT. Ocean Asia Industry is a new Joint Venture Continent 8 Pte. Ltd. anak perusahaan Perseroan berkantor Continent 8 Pte. Ltd. as subsidiary company with head
dengan SJ Industrial Pte, Ltd. yang telah berpengalaman Company with SJ Industrial Pte, Ltd. that has long pusat di Singapura. office in Singapore.
dalam memproduksi bahan baku kain, termasuk berbagai experience in manufacturing apparel material including
macam kain rajutan. Ocean didirikan tahun 2012 dengan various kind of knitted fabrics. PT. Ocean was set- up PT. Apparelindo Prima Sentosa anak perusahaan Perseroan PT. Apparelindo Prima Sentosa as subsidiary company with
kepemilikan 51 %, dengan ini Perseroan mulai masuk ke in year 2012 with 51 % ownership by this the berkantor pusat di Jakarta. head office in Jakarta.
sektor hulu. Ocean memproduksi teksil khususnya circular Company has started the up-stream to textile focusing
knitting fabric, pencelupan, perajutan, pencelupan benang in circular knitted fabric in dyeing, knitting, yarn PT. Eco Smart Garment Indonesia anak perusahaan PT. Eco Smart Garment Indonesia as subsidiary company
dan kain printing. PT. Ocean Asia Industri saat ini dyeing and fabric printing. The Ocean Asia is Perseroan berkantor pusat dan pabrik di Jawa Tengah. with head office and factory in Central Java.
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Ringkasan Eksekutif
Executive Summary

NAMA PERUSAHAAN NAME OF THE COMPANY


PT. Pan Brothers Tbk PT. Pan Brothers Tbk
Berdiri sejak 21 Agustus 1980 Established since Agustus 21st, 1980
Nomor Registrasi Perusahaan Publik : Public Company Registration No. :
S1-121/SHM/MK-10/1990 Tanggal 28 Juni 1990. Tercatat S1-121/SHM/MK-10/1990, dated June 28, 1990. Listed in
di Bursa Efek sejak 16 Agustus 1990 Capital Market since August 16, 1990 TUJUAN EKSPOR EXPORT DESTINATION
Status : Perusahaan Publik dgn kode di Bursa Saham PBRX Status : Listing Company with Capital Market Code PBRX Amerika Serikat, Komunitas Eropa, Eropa Timur, Kanada, United States of America, European Community, Eastern
Modal Dasar : Rp. 300.000.000.000 (12.000.000.000 saham) Capital Stock : Rp. 300,000,000,000 (12,000,000,000 shares) Asia, Australia dan negara-negara lain. Europe, Canada, Asia, Australia, and other countries.
Nomor Lisensi Industri : 230/DJA I/IVT-III/Non Industrial License No. : 230/DJA I/IVT-III/Non
PMA-PMDN/VII/1992, tanggal 29 Juli 1992 PMA-PMDN/VII/1992, Dated July 29, 1992 ALAMAT PERSEROAN : CORPORATE ADDRESS :
N P W P : 01.136.073.2-054.000 Tax Registered Number : 01.136.073.2-054.000 Kantor / Pabrik Tangerang : Office / Tangerang Factory :
Jl. Siliwangi No. 178, Desa Alam Jaya Jl. Siliwangi No. 178, Desa Alam Jaya
AKTIFITAS ACTIVITIES Tangerang 15133 - Indonesia Tangerang 15133 - Indonesia
Pengembang, Pemasok, Produsen Garmen. Garment Developer, Supplier, Manufacturer. Phone : (62-21) 5900718, 5900705 (hunting) Phone : (62-21) 5900718, 5900705 (hunting)
Fax. : (62-21) 5900706, 5900717 Fax. : (62-21) 5900706, 5900717
LINI USAHA LINE OF BUSINESS Website : http://www.panbrotherstbk.com Website : http://www.panbrotherstbk.com
Pengembang, Pemasok, dan Produsen garment : Developer, Supplier, Producer and Manufacturer garments : E-mail (Corporate Secretary) : apbrxswk@pbrx.co.id E-mail (Corporate Secretary) : apbrxswk@pbrx.co.id
PT. Pan Brothers Tbk (PBT) memproduksi cut & sewn knit PT. Pan BrothersTbk (PBT) manufactures Cut and Sewn E-mail (Pemasaran) : pbt@pbrx.co.id E-mail (Marketing) : pbt@pbrx.co.id
garment, seperti Polo Shirts, Golf Shirts, Track Suits, Knit Garments such as Polo Shirts, Golf Shirts, Track
Sweat Shirts, juga woven garment seperti Padded dan Suits, Sweat Suits as well as Woven Garments such as JAM KERJA : WORKING HOUR :
Light Weight Jackets, Pants, Shorts dan Casual Pant, dll, Padded and Light Weight Jackets, Pants, Shorts and Kantor : 08:30 Pagi - 05:30 Sore Office : 08:30 AM - 05:30 PM
dengan menggunakan berbagai jenis bahan. Casual Pants etc, with various fabric. Pabrik Tangerang : 07:30 Pagi - 04:30 Sore Tangerang Factory : 07:30 AM - 04:30 PM

PT. Pancaprima Ekabrothers (PPEB) memproduksi: Technical, PT. Pancaprima Ekabrothers (PPEB), manufactures: ANAK PERUSAHAAN : SUBSIDIARY COMPANY :
Functional and Active Wear Jackets suited for Snow Technical, Functional and Active Wear Jackets suited for PT. PANCAPRIMA EKABROTHERS PT. PANCAPRIMA EKABROTHERS
Boarding, Ski Outer Wear, Active Wear, Jogging, Hiking, Snow Boarding, Ski Outer Wear, Active Wear, Jogging, Jl. Siliwangi No. 178 A, Desa Alam Jaya Jl. Siliwangi No. 178 A, Desa Alam Jaya
berbagai Pakaian Sports dan Pakaian Outdoor Activities dll. Hiking, and other Sports and Outdoor Activities, etc, Tangerang 15133 - Indonesia Tangerang 15133 - Indonesia
dengan bahan seperti Nylon, Polyester, Micro Fiber, dll. using: Nylon, Polyster, Micro Fiber, etc. Phone : (62-21) 5900755 (hunting) Phone : (62-21) 5900755 (hunting)
Fax. : (62-21) 5900756, 5900758 Fax. : (62-21) 5900756, 5900758
Hollit International : Product Development & Production Company Hollit International : Product Development & Production Web site : http://www.pancaprima.com Web site: http://www.pancaprima.com
of garment dengan fokus mengembangkan dan menciptakan Company of garment with focused on the development and
trends dan styling, finishing dan penentuan bahan. creation of latest trends in styling, finishing and materials. PT. HOLLIT INTERNATIONAL PT. HOLLIT INTERNATIONAL
META EPSI BUILDING, META EPSI BUILDING,
Pasokan Produk untuk : Product Supply for : Jl. Mayjen D.I. Panjaitan Kav. 2 Jl. Mayjen D.I. Panjaitan Kav. 2
Pan Brothers dan anak Perusahaan memasok: Calvin Klein, Pan Brothers and subsiadiaries Company supply to: Calvin Jakarta Timur, Jakarta 13350 - Indonesia Jakarta Timur, Jakarta 13350, Indonesia
J Crew, S. Oliver, Tom Tailor, Christopher & Banks, Dillard, Klein, J Crew, S. Oliver, Tom Tailor, Christopher & Banks, Phone : (62-21) 8517007/ 85900702; Phone : (62-21) 8517007/ 85900702;
Wilson, Belk, Ping, The North Face, Tommy Hilfiger, Aeropostale, Dillard, Wilson, Belk, Ping, The North Face, Tommy Hilfiger, Fax. : (62-21) 8567719/ 8567720 Fax. : (62-21) 8567719/ 8567720
Victorinox, LL Bean, Arcteryx, Orage, LOLE, Peak Performance, Aeropostale, Victorinox, LL Bean, Arcteryx, Orage, LOLE, Web site : http://www.hollit.com Web site : http://www.hollit.com
CFL Commercial, Macys, Orvis, Stadium, Gerbing Clothing, Peak Performance, CFL Commercial, Macys, Orvis, Stadium,
Nike, Adidas, Salomon, Hugo Boss, Stella, New Balance, Gerbing Clothing, Nike, Adidas, Salomon, Hugo Boss, Stella, PT. OCEAN ASIA INDUSTRY PT. OCEAN ASIA INDUSTRY
Under Armour, Spyder, Jack Wolfskin, Marvic, Guess Inc, New Balance, Under Armour, Spyder, Jack Wolfskin, Marvic, Jl. Raya Serang Km 62, No. 178, Desa Parigi, Cikande, Serang Jl. Raya Serang Km 62, No. 178, Desa Parigi, Cikande, Serang
Jones of New York, Strelson, Joop, North Sails, Oviesse, Guess Inc, Jones of New York, Strelson, Joop, North Sails, Banten - Indonesia Banten - Indonesia
Coin Spa, NZA-Transit Fashion, Brooks Brothers, Coca Cola, Oviesse, Coin Spa, NZA-Transit Fashion, Brooks Brothers, Phone : (62-254) 404123 (hunting) Phone : (62-254) 404123 (hunting)
Simint Spa, Holy Fashion, ONeill, Next Retail, Mitsubishi, Coca Cola, Simint Spa, Holy Fashion, ONeill, Next Retail, Fax. : (62-254) 401043 Fax. : (62-254) 401043
H & M, United Color of Benetton, Kate Spade, Sierra Mitsubishi, H & M, United Color of Benetton, Kate Spade, Web site : http://www.oceanasia.co.id Web site : http://www.oceanasia.co.id
Design, Solaris, Atomic, Nikita, Ferrari, Unitika, dll. Sierra Design, Solaris, Atomic, Nikita, Ferrari, Unitika, etc.
CONTINENT 8 PTE Ltd. CONTINENT 8 PTE Ltd.
ORIENTASI PEMASARAN MARKET ORIENTATION 90, Cecil Street, #10-02, RHB BANK BUILDING 90, Cecil Street, #10-02, RHB BANK BUILDING
Ekspor Export Singapore - 069531 Singapore - 069531
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Ikhtisar Keuangan
financial highlight

PERGERAKAN HARGA SAHAM TAHUN 2013 & 2012 DI PASAR REGULER


Keterangan Accounts 2013 2012 2011 2010 2009 HIGHEST AND LOWEST SHARE PRICE IN REGULER MARKET YEAR 2013 & 2012
Pendapatan Bersih Net Sales 339.7 286.6 249.0 158.1 169.5 Kwartal Tertinggi Terendah Penutupan Transaction Outstanding Market Capitalization
Laba (Rugi) Kotor Gross Profit (Loss) 41.8 31.7 27.7 17.6 16.8 Quarter Highest Lowest Closing Volume (000) Shares Vol. (000) in IDR Billion
Laba (Rugi) Operasi Operating Profit (Loss) 18.8 14.0 9.7 6.6 4.8 1st quarter 2012 550 440 470 182,563 3,065,612 1,440.838
Laba (Rugi) Bersih Net Profit (Loss) 10.4 6.9 7.4 4.0 3.5 2nd quarter 2012 570 470 440 54,129 3,065,612 1,348.869
Laba (Rugi) Bersih yang dapat diatribusikan kepada pemilik entitas induk 10.5 7.5 7.4 4.0 3.6 3rd quarter 2012 500 420 435 90,944 3,065,612 1,333,541
Net Profit (Loss) attributable to equity holders 4th quarter 2012 500 410 470 53,806 3,065,612 1,440.838
Jumlah Saham Beredar (000) Total Outstanding Shares (000) 3,084,903 3,065,612 3,063,862 445,440 445,440 1st quarter 2013 430 375 380 16,062 3,084,903 1,172.263
Laba (Rugi) per Lembar Saham yang dapat diatribusikan kepada 0.0034 0.0024 0.0024 0.0089 0.0080 2nd quarter 2013 780 355 590 123,326 3,084,903 1,820.093
pemilik entitas induk (dalam USD)*
Earning (Loss) per Share attributable to equity holders (in USD)* 3rd quarter 2013 640 500 540 52,512 3,084,903 1,665.847
Laba (Rugi) komprehensif yang dapat diatribusikan kepada pemilik entitas induk 10.5 7.5 7.4 4.0 3.6 4th quarter 2013 590 370 420 89,883 3,084,903 1,295.659
Comprehensive Profit (Loss) attributable to equty holders
Modal Kerja Bersih Net Working Capital 118.8 32.2 37.3 13.8 0.4
Jumlah Aset Total Assets 233.8 208.3 173.9 103.2 87.3 KOMPOSISI PEMEGANG SAHAM SHAREHOLDER COMPOSITION
Jumlah Liabilitas Total Liabilities 134.8 120.5 93,3 79.9 73.2 DECEMBER 31, 2013
Jumlah Ekuitas Total Equity 99.1 87.8 80.6 23.3 14.1 Shareholders Share (Vol) Share (%) Warrant (Vol) Warrant (%)
Jumlah Kewajiban Bank Total Bank Debts 78.4 75.0 56.8 54.2 47.4
Perorangan Lokal Local Individual 959,927,764 31.12 % 0 0%
Imbal Hasil Aset Return on Assets (ROA) 4.49% 3.32% 4.25% 3.85% 4.08%
Lembaga Lokal Local Institution 1.611,345,180 52.23 % 0 0%
Imbal Hasil Ekuitas Return on Equity (ROE) 10.59% 7.88% 9.17% 17.02% 25.3%
Perorangan Asing Foreign Individual 127,611,728 4.14 % 0 0%
Rasio Laba (Rugi) Bersih vs Pendapatan Net Profit (Loss) Margin Ratio 3.08% 2.42% 2.97% 2.50% 2.10%
Lembaga Asing Foreign Institution 386,018,000 12.51 % 0 0%
Rasio Lancar Current Assets Ratio 333.79% 127.89% 142.32% 122.63% 100.61%
Rasio Hutang Bank dengan Ekuitas Bank Debt to Equity Ratio 79.20% 85.42% 70.54% 232.38% 337.48%
Jumlah Total 3,084,902,672 100.00 % 0 0%
Rasio Hutang Bank dengan Total Aset Bank Debt to Assets Ratio 33.55% 35.99% 32.68% 52.52% 54.37%
Rasio Liabilitas dengan Ekuitas Liability to Equity Ratio 136.07% 137.32% 115.85% 342.44% 520,73%
MANAJEMEN MANAGEMENT AS SHAREHOLDERS
Rasio Liabilitas dengan Total Aset Liability to Tot Assets Ratio 57.64% 57.86% 53.67% 77.40% 83.89%
ON DECEMBER 31ST, 2013
EBITDA EBITDA 26.1 20.1 17.3 10.6 8.7
Nama Name Jabatan Position Banyaknya Volume Persentase Percentage
EBITDA dengan Hutang Bank EBITDA to Bank Debt 33.30% 26.84% 30.38% 19.59% 18.45%
* Dalam jutaan USD kecuali dinyatakan lain Amounts in million USD unless otherwise stated Ludijanto Setijo Direktur Utama President Director 6,400,000 0.209 %
Lilik Setijo Direktur Director 6,400,000 0.209 %
Perseroan melakukan perubahan penggunaan mata uang fungsional dari Rupiah untuk The Company made changes in the functional currency of the IDR to U.S. dollar in
tahun 2013 menjadi USD untuk tahun 2012, 2011 dilakukan penyajian kembali dan 2013, re-stated for year 2012, 2011 and for year 2010, 2009 with simple equation Jumlah Total 12,800,000 0.418 %
untuk 2010, 2009 dilakukan penyetaraan sederhana dengan kurs tengah akhir with middle December 31st exchange rate. Change were made in the context of the
tahun. Perubahan dilakukan dalam rangka penerapan PSAK 10 (Revisi 2010), dimana application of SFAS 10 (Revised 2010), which identified the companys functional
mata uang fungsional perusahaan teridentifikasi adalah Dollar Amerika Serikat. currency is the U.S. dollar.
Komposisi Pemegang Saham Per Desember 31, 2013 dengan Kepemilikan 5 % Atau Lebih Sbb:
Shareholders Composition December 31, 2013 With More or Equivalent To 5 % :
Name of Shareholders > 5 % Volume Percentage
PENDAPATAN BERSIH LABA (RUGI) OPERASI JUMLAH ASET TOTAL EKUITAS PT. Trisetijo Manunggal Utama 812,220,640 shares 26.33 %
NET SALES OPERATING PROFIT (LOSS) TOTAL ASSETS TOTAL EQUITY
PT. Ganda Sawit Utama 612,772,000 shares 19.86 %
2013 2013 Edy Suwarno Al Jap L Sing 268.838.772 shares 8.71%
2013 2013
2012 2012 2012 2012 UBS AG Singapore Non-Treaty 169,905,000 shares 5.51 %
339.7 233.8 Total 1,863,736,412 shares 60.41 %
18.8 99.1
286.6 14.0 208.3 87.8

169.5 249.0 9.7


87.3
173.9
14.1 80.6 PEMEGANG SAHAM PENGENDALI CONTROLLING SHAREHOLDERS
4.8
158.1 6.6 103.2 23.3 PT. Trisetijo Manunggal Utama adalah pemegang saham PT. Trisetijo Manunggal Utama as controlling
pengendali dengan kepemilikan sebesar 26,33 %. shareholders has 26.33 % of the Company shares.
2009 2011 2009 2011 2009 2011 2009 2011
Name of shareholders Percentages of shares Position
2010 2010 2010 2010
Bambang Setijo 83.6 % Commissioner
dalam jutaan USD in million USD dalam jutaan USD in million USD dalam jutaan USD in million USD dalam jutaan USD in million USD Ludijanto Setijo 16.4 % Director
Total 100 %
10 laporan tahunan annual report 2013
PT. Pan Brothers Tbk.
laporan tahunan annual report 2013
PT. Pan Brothers Tbk. 11

Sambutan Dewan Komisaris


Message from The Board of Commissioners

Dewan Komisaris telah menelaah Laporan Keuangan Perseroan The Board of Commissioners has reviewed the Companys
untuk tahun yang berakhir pada tanggal 31 Desember 2013 Financial Statements for the year ended December 31st,
dan menyetujui laporan yang diaudit oleh Kantor Akuntan 2013 and agrees with the Report as audited by Accounting
Publik Doli, Bambang, Sulistiyanto, Dadang & Ali. (An Firms Doli, Bambang, Sulistiyanto, Dadang & Ali. (An
independent member of BKR International). independent member of BKR International).

Dewan Komisaris secara rutin mengadakan rapat dengan Dewan The Board of Commissioners has met regularly with the Board
Direksi dan Komite Audit untuk mengikuti dan memantau of Directors and Audit Committe to update and monitor the
kinerja Perseroan, dan telah menerima Laporan Komite performance of the Company, and also received Audit Committee
Audit dan laporan Dewan Direksi dari waktu ke waktu, dan report and Board of Directors report from time to time and
mengetahui perkembangan Perseroan dengan baik. has better knowledge on the Companys development.

Di jajaran Direksi Perseroan dalam tahun 2013 mengangkat In Director level, the Company appointed new Director Hwang
Hwang Sei Wook (Michael Hwang) yang telah berpengalaman Sei Wook (Michael Hwang) with his long experiences in apparel
di industri apparel untuk memperkuat jajaran Direksi. industries to strengthen Board of Directors team in year 2013.

Dewan Komisaris menilai Dewan Direksi dan team telah The Board of Commissioners appreciates the Board of
berhasil menjalankan Perseroan kearah yang sesuai dengan Directors and management teams has been succeessful
rencana yang telah disetujui. Kehati-hatian dalam running the Company in accordance with the approved
berbisnis telah membuat Perseroan tetap tumbuh dalam plan. A prudent business approach has enabled the
tahun 2013 yang penuh tantangan dengan tetap mengukir Company to overcome the challenging year of 2013
prestasi. Dewan Komisaris juga dapat menyetujui rencana through the excellent performance. The Board of
yang disiapkan dan dipaparkan oleh Dewan Direksi Commissioner has also agreed on the future plan that has
mengenai rencana-rencana kedepan. been prepared and presented by the Board of Directors.

Dalam tahun 2013 Perseroan melakukan Joint In year 2013 the Company set-up a Joint
Venture dengan Mitsubishi Corporation mendirikan Venture with Mitsubishi Corporation in
industri garment PT. Eco Smart Garment Indonesia, garment industry PT. Eco Smart Garment
dan di Retail mendirikan PT. Apparelindo Prima Industri, and in retail set-up PT. Apparelindo
Sentosa sebagai holding di sektor retail. Prima Sentosa as a holding in retail.

Dewan Komisaris telah secara berkala The Board of Commissioners has


mereview pencapaian Perseroan dalam review regularly the Companys
tahun 2013 yang dipresentasikan result in year 2013 presented in
dalam Laporan Keuangan Perseroan. the Financial Statements.

Dewan Komisaris juga melihat The Board of Commissioners has


upaya Perseroan meningkatkan seen the Companys effort to
Supandi Widi Siswanto Standar Pengelolaan Perseroan increase standard of the Good
Komisaris Utama President Commissioner yang terbaik dan menjadikan ini Corporate Governance as
sebagai komitmen Perseroan, commitment of the Company,
ditopang oleh Komite Audit yang supported by professional Audit
handal dan karyawan-karyawati Committee, loyal and qualified
yang loyal dan berkualitas. staffs.
12 laporan tahunan annual report 2013
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laporan tahunan annual report 2013
PT. Pan Brothers Tbk. 13

Berkenaan dengan Tata Kelola Perusahaan, kami merasa In respect of Corporate Governance, we are fully satisfied Program CSR, Standar Perilaku dan Lingkungan Perseroan The Companys CSR, Code of Conduct and Environment
puas dengan kepatuhan Perseroan terhadap standar tata with the Companys compliance with all relevant didukung penuh oleh Dewan Komisaris. programmes have the full support of the Board of Commissioners.
kelola yang relevan dan regulasi internal kami, termasuk governance standards and internal regulation, including
peraturan Otoritas Jasa Keuangan (OJK) dan Bursa Efek the Indonesia Financial Sevices Authority and Indonesian Dalam tahun 2014 Perseroan ataupun melalui PT. Pancaprima In year 2014 the Company or through PT. Pancaprima
Indonesia. Penilaian kami dibuat berdasarkan pembahasan Stock Exchange regulations. Our judgement is made on the Ekabrothers juga merencanakan pendirian perusahaan baru Ekabrothers also plan to set-up new businesses and or
berkala dengan Direksi dan Laporan Ketua Komite Audit basis of our regular reviews with the Board of Directors and dan atau pengambilalihan mayoritas saham. Seluruh rencana take-over majority shares. All of these plans related to core
yang mencangkup laporan keuangan Perseroan yang reports from Chairman of the Audit Committe on the ini terkait dengan bisnis inti Perseroan: ke hulu yaitu business of the Company: up stream such as textile
diaudit, kualitas pendapatan, rencana kerja audit internal companys audited financial statements, quality of tekstil, setara di industri garmen atau lebih hulu lagi serat manufacturers, also in garment manufacturing or more
dan akuntan publik. earnings,internal and external auditors work plans. dan pemintalan; usaha pendukung yaitu antara lain bordir, upper to fibre and spinning; supporting business such as
printing, laundry, pembuatan apparel dengan merek embroidery, printing, laundry, own brands collection,
Pada tanggal 15 November 2013 Perseroan melakukan On November 15th, 2013 the Company registered on sendiri, pendirian perusahaan sourcing dan development sourcing and apparel development, etc; down stream to
Pendaftaran ke OJK untuk menerbitkan Saham baru dalam rangka Right Issue III to OJK and got the approval from Extra apparel; ke hilir memasuki bidang retail apparel. apparel retail business.
Hak Memesan Efek Terlebih Dahulu ke III dan mendapatkan Ordinary General Meeting of Shareholders December
persetujuan dari Rapat Umum Pemegang Saham Luar Biasa 20th, 2013 to add new shares on Right Issue scheme for Akhir kata, kami menyampaikan terima kasih dan apresiasi Finally, we extend our sincere gratitude and
tanggal 20 Desember 2013 menerbitkan saham baru sejumlah 3,393,392,939 with price Rp 300,- per share with total yang tulus kepada para pelanggan, pemasok, kreditur, appreciation to our valued customers, suppliers,
3.393.392.939 dengan harga Rp. 300,- setiap saham dan fund amounted to Rp. 1.018.017.881.700,- starting Dewan Direksi, seluruh jajaran Manjemen dan staf atas creditors, the Managements and staffs for supporting us
total dana yang diterima Perseroan adalah sebesar from January 9th, 2014 until January 23th, 2014 with dukungan mereka selama ini. Kami juga menghaturkan over the years. We also thank our shareholders for the
Rp 1.018.017.881.700,- yang dimulai tanggal 9 Januari 2014 oversubscribe. terima kasih kepada para pemegang saham atas keyakinan confidence and faith that have been shown to the
dan berakhir tanggal 23 Januari 2014 dengan pesanan lebih. dan kepercayaan yang diberikan kepada Perseroan. Dengan Company. With their continuing support, we look
dukungan mereka, kami yakin akan dapat bersama-sama forward to achieveing new heights together in the years
Tahun 2013 ini Perseroan dan Anak Perusahaan In year 2013 the Company and subsidiaries company mencapai prestasi yang lebih baik di tahun mendatang. ahead.
PT. Pancaprima Ekabrothers memenangkan beberapa Awards. PT. Pancaprima Ekabrothers awarded some Awards.
Primaniyarta Export Award 2013 dari Departemen Primaniyarta Export Award 2013 from Department of Trade
Perdagangan Republik Indonesia (16 Oktober 2013). and Industry Republic Indonesia (October 16th, 2013). Tangerang, 27 Maret 2014 | Tangerang, March 27th, 2014
Penghargaan Industri Hijau 2013 dari Departemen Green Industry Award 2013 from Departement of Industry
Dewan Komisaris PT. Pan Brothers Tbk.
Perindustrian Republik Indonesia (26 November 2013). Republic Indonesia (November 26, 2013).
The Board of Commissioners PT. Pan Brothers Tbk
Sustainable Business Award 2013 dari Indonesian Sustainable Business Award 2013 from Indonesian
Business Council for Sustainable Development, CIFOR Business Council for Sustainable Development, CIFOR
dan PwC. (28 November 2013). dan PwC. (November 28, 2013).

Kantor operasional Boyolali yang mendukung kegiatan Jawa Boyolali operational office dedicate to support Central
Tengah juga sudah siap dan akan secara resmi digunakan dalam Java activities already finished and formaly will be used in Supandi Widi Siswanto
bulan April 2014, kantor ini dibangun dengan konsep Hijau. April 2014, this office built with green concept. Komisaris Utama | President Commissioner
14 laporan tahunan annual report 2013
PT. Pan Brothers Tbk. 15
laporan tahunan annual report 2013
PT. Pan Brothers Tbk.

Profil Dewan Komisaris


Dewan Komisaris Profil Dewan Komisaris
The Board of commissioners Biography the Board of Commissioners
SUPANDI WIDI SISWANTO
Komisaris Utama / Komisaris Independen
President Commissioner / Independent Commissioner
Warga Negara Indonesia
Indonesian Citizen
Lahir di Boyolali tanggal 6 November 1959
Born in Boyolali on November 6th, 1959

Beliau telah menjabat sebagai Komisaris Utama Perseroan sejak 31 Mei 2013. Beliau seorang
Sarjana Ekonomi Jurusan Manajemen lulus dari Universitas Prof Dr Moestopo, Jakarta tahun 1992.
Beliau juga telah mengikuti banyak Pendidikan non Formal dan berbagai Pelatihan di bidang
Keuangan dan Pasar Modal di dalam dan Luar Negeri. Pengalaman kerja beliau antara lain dalam
bidang keuangan 1979 1982 di PT Dharma Niaga, di PT Batik Keris, di PT Pertani; Biro Penilaian
Perusahaan di Bapepam LK 1983 1992; Berbagai Posisi di PT Bursa Efek Indonesia dengan posisi terakhir sebagai Direktur
Keuangan dan SDM. Saat ini juga merupakan Komisaris Independen PT SMR Utama Tbk dan Komisaris Utama PT Sitara Propertindo.
Sebagai Komisaris Utama / Komisaris Independen, Bapak Supandi Widi Siswanto secara rutin mengikuti kegiatan Perseroan
dengan menghadiri rapat-rapat Dewan Komisaris dan rapat-rapat Komite Audit.
Mr. Supandi was appointed as President Commissioner / Independent Commissioner of the Company since May 31st, 2013. Mr.
Supandi graduated as S1 or Bachelor in Economic majoring Management from Universitas Prof Dr Moestopo, Jakarta in year 1992.
Mr Supandi has many non formal education backgrounds and traning in Finance and Capital Market in Indonesia and abroad.
Mr.Supandi has various experiences in financial 1979 1982 in PT Dharma Niaga, in PT Batik Keris, in PT Pertani; 1983 1992
Bapepam LK in Biro Penilaian Perusahaan; 1992 2012 Various Position in PT Bursa Efek Indonesia with last position as Finance
and HR Director; Now also as Independent Commissioner PT SMR Utama Tbk and President Commissioner PT. Sitara Propertindo.
As a President Commissioner and an Independent Commissioner, Mr. Supandi has routinely overseen the affairs of the Company
by joining Board of Commissioners meetings and Audit Committe.

DHANNY CAHYADI
Wakil Komisaris Utama
Vice President Commissioner
Warga Negara Indonesia
Indonesian Citizen
Lahir di Jakarta tanggal 11 Januari 1968
Born in Jakarta on January 11st, 1968

Beliau telah menjabat selaku Wakil Komisaris Utama Perseroan sejak 31 Mei 2013. Beliau lulus
Sarjana Teknik Elektro dari Institut Teknologi Bandung tahun 1991, dan Master of Business
Administration dari Graduate School of Management, University of Sydney, Australia tahun
1993. Beliau juga telah berpengalaman di banyak perusahaan antara lain 1994 2001 di PT
Jardine Fleming Nusantara dengan jabatan terakhir sebagai Vice President; 2001 2002 di JP
Morgan Securities Indonesia sebagai Vice President; 2002 2004 di PT Deutsche Securities Indonesia sebagai Direktur; 2004
2007 di PT Citigroup Securities Indonesia sebagai Direktur dan Kepala Fixed Income Capital Market; 2007 2012 di PT ING
Securities Indonesia sebagai Direktur Utama & Kepala Investment Banking.
Sebagai Wakil Komisaris Utama, Bapak Dhanny secara rutin mengikuti kegiatan Perseroan dengan menghadiri rapat-rapat Komite
Audit dan rapat-rapat Dewan Komisaris.
Mr. Cahyadi was appointed as Vice President Commissioner of the Company since May 31st, 2013. Mr. Cahyadi graduated with
Bachelor degree in Electrical Engineering from Institut Teknologi Bandung in 1991, and with Master degree of Business
Administration from Graduate School of Management, the University of Sydney, Australia in 1993. Previous working experience
include: 1994 2001 in PT Jardine Fleming Nusantara with last position as Vice President; 2001 2002 in PT JP Morgan
3 2
Securities Indonesia as Vice President; 2002 2004 in PT Deutsche Securities Indonesia as Director; 2004 2007 in PT Citigroup
1 Securities Indonesia as Director and Head of Fixed Income Capital Market; 2007 2012 in PT ING Securities Indonesia as
1. SUPANDI WIDI SISWANTO (Komisaris Utama President Commissioner) President Director and Head of Investment Banking.
2. DHANNY CAHYADI (Wakil Komisaris Utama Vice President Commissioner)
3. SUTJIPTO BUDIMAN (Komisaris Independen Independent Commissioner) As an Vice President Commissioner, Mr. Cahyadi has routinely overseen the affairs of the Company by joining Audit Committe
meetings and Board of Commissioners meetings.
16 laporan tahunan annual report 2013
PT. Pan Brothers Tbk.

SUTJIPTO BUDIMAN
Komisaris Independen / Ketua Komite Audit
Independent Commissioner / Chairman of Audit Committee
Warga Negara Indonesia
Indonesian Citizen
Lahir di Bandung tanggal 18 Nopember 1965
Born in Bandung on November 18th, 1965

Beliau menjabat selaku Komisaris Independen / Ketua Komite Audit Perseroan sejak 13 Mei
2011, sebelumnya beliau anggota Komite Audit Perseroan sejak 30 Agustus 2005.
Beliau seorang konsultan dengan latar belakang pendidikan Master of Science in Business
Administration, Certified Internal Auditor dan Sarjana Akuntansi. Pengalaman kerja beliau
antara lain dalam bidang konsultan keuangan, auditor dan konsultan ISO 9001 di berbagai
sektor usaha termasuk perusahaan garment. Bergabung dengan Prasetio Sarwoko Sanjaya Ernst & Young (dahulu Prasetio Utomo
& Co Andersen) 1993 2004 dan Hanadi Sudjendro & Rekan-KPMG 1989-1991, saat ini beliau Direktur Widya Presisi Solusi yang
membidangi jasa Outsourcing Penggajian, Proses Bisnis dan Pelatihan.
Sebagai Komisaris Independen, Bapak Sutjipto Budiman secara rutin mengikuti kegiatan Perseroan dengan menghadiri
rapat-rapat Dewan Komisaris.
Mr. Budiman was appointed Independent Commissioner / Chairman of Audit Committee of the Company since May 13th, 2011,
previously Mr. Budiman was Companys Audit Committee member since August 30th, 2005.
Mr. Budiman is a consultant with education backgrounds : Master of Science in Business Administration, Certified Internal Auditor
and B.A. in Accounting. Mr. Budiman has various experiences as financial consultant, auditor and ISO 9001 consultant at various
company including garment company . He joined Prasetio Sarwoko Sanjaya Ernst & Young (previously Prasetio Utomo & Co
Andersen) 1993 2004, Hanadi Sudjendro & Co KPMG 1989 -1991. Now he is a Director of Widya Presisi Solusi which assists
client in Payroll Outsourcing, Business Process and Training.
As an independent commissioner, Mr. Budiman has routinely overseen the affairs of the Company by joining Board of
Commissioners meetings.
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laporan tahunan annual report 2013
PT. Pan Brothers Tbk. 19

Laporan Dewan Direksi


Message from The Board of Directors
Kami panjatkan puji syukur kepada Tuhan Yang Maha Esa We would like to thank God the almighty for all His grace
atas segala karunia dan rahmat-Nya yang telah and blessing bestowed upon PT. Pan Brothers Tbk, so that
dilimpahkan kepada PT. Pan Brothers Tbk, sehingga the Company was able to get the trust and support from
Perseroan tetap mendapat kepercayaan dan dukungan dari buyers and all stakeholders.
pelanggan dan seluruh stakeholder.

Dalam tahun 2013 Perseroan mengangkat Hwang Sei Wook In year 2013 the Company appointed new Director Hwang
(Michael Hwang) sebagai Direksi, beliau telah bergabung Sei Wook (Michael Hwang) as a Director, he joint the
dengan Perseroan dalam berbagai jabatan sejak tahun 1998. Company in many positions since 1998. He also has long
Beliau juga telah berpengalaman di industri apparel. experiences in apparel industries.

Perseroan berhasil meningkatkan penjualan tahun 2013 dari USD The Company sales in year 2013 increased from USD
286.61 juta ke USD 339.7 naik sebesar 18,53 %. Ini ditopang 286,61 million to USD 339.7 million increased by 18.53
oleh penambahan kapasitas di Jawa Tengah dan peningkatan %. The increased support by capacities increased in Central
penjualan perusahaan anak. Peningkatan penjualan lebih Java and increased in subsidiary companies. The increased
tinggi dari proyeksi Perseroan sebesar USD 325 juta yang of sales is higher from the Company projection of USD 325
disampaikan dalam public expose di Financial Club CIMB million is submitted in in public expose at Financial Club
Niaga Jakarta pada tanggal 20 Desember 2013. CIMB Niaga Jakarta held on December 20th, 2013.

Tingkat produktivitas Perseroan meningkat secara stabil The productivity level of the Company improved steadily
disebabkan oleh inovasi modernisasi dan pelatihan yang due to continuous innovative modernization and training.
berkesinambungan. Pergantian mesin-mesin tua yang tidak The replacement of old inefficient machines with the new
efisien dengan mesin-mesin baru berhasil meningkatkan ones had successfully improved the quality and
mutu dan produktifitas. productivity.

TATA KELOLA PERUSAHAAN YANG BAIK GOOD CORPORATE GOVERNANCE


Perseroan telah melaksanakan Pengelolaan Perseroan Yang The Company has exercised Good Corporate Governance.
Baik. Komite Audit dan Auditor Internal telah dibentuk The Audit Commmittee and Internal Audit already set-up
sejak tahun 2002. Komite Audit telah menelaah lingkup since 2002. The Audit Committee has reviewed the scope
aktivitas dan independensi Auditor Luar Perseroan serta of activities and independence of Companys external
kecukupan struktur pengendalian intern Perseroan. Komite auditor as well as the adequacy of the Companys internal
Audit juga telah menelaah proses pelaporan keuangan control structure. It has also taken the responsibility of
Perseroan, hal-hal penting lainnya dan ketaatan pada reviewing the Companys financial reporting process, other
kebijakan-kebijakan Perseroan, hukum dan peraturan yang significant matters and compliance with the Companys
berlaku di Indonesia. policies as well as Indonesias existing laws.

Perseroan telah menganggarkan gaji Dewan Komisaris, The Company has budgeted the remuneration for the Board
Dewan Direksi dan Komite Audit untuk tahun 2014 sebesar of Commissioners, the Board of Directors, and the Audit
Rp 12 miliar. Committee for year 2014 of Rp. 12 billion.

Ludijanto Setijo Program-program pengembangan sumber daya manusia Human resources development programs still constitute a
Direktur Utama President Director
tetap merupakan bagian penting dari kebijakan kami. Kami vital part of our policy. We have conducted various
telah menyelenggarakan berbagai pelatihan di dalam dan in-house and external training during year 2014, and we
di luar perusahaan selama tahun 2014, dan kami akan will maintain this commitment to improve the human
terus mempertahankan komitmen ini untuk meningkatkan resources development.
pengembangan sumberdaya manusia.
SUTIYADI - ANNUAL REPORT PB/KETERAN 1 DEPAN

20 laporan tahunan annual report 2013


PT. Pan Brothers Tbk.
laporan tahunan annual report 2013
PT. Pan Brothers Tbk. 21

PROSPEK USAHA BUSINESS PROSPECTS


Melihat ke tahun 2014, Perseroan memperkirakan ekspor Looking into year 2014, we expect that the Indonesian
Indonesia akan tetap meningkat dan memiliki peluang export would grow and give opportunities for the ptential
bagi perusahaan yang mampu bersaing di pasar global. company to compete in global market.

Tahun 2014 akan merupakan tantangan bagi industri garmen Year 2014 will be a year of challenges for garment industry
di Indonesia, Perseroan akan lebih agresif untuk bersaing in Indonesia, the company will be more aggressive to
dengan memberikan lebih banyak jenis produk, harga yang compete with providing more products range, competitive
kompetitif dan pengiriman tepat waktu. Sesuai dengan price and on time delivery. To meet with buyers
kebutuhan pembeli yang memprioritaskan untuk memberikan requirement which prioritize placement order to the big
order pada pemasok besar, maka keputusan perluasan supplier, the expansion decision of the company and
Perseroan dan anak perusahaan untuk meningkatkan subsidiary to increase capacity provide advantages to the
APRESIASI DAN UCAPAN TERIMA KASIH OUR APPRECIATION & THANKS
kapasitas memberikan keuntungan bagi Perseroan. company.
Sebagai penutup, kami hendak menyampaikan terimakasih In closing, we would like to deeply thank our employees
yang mendalam kepada karyawan dan karyawati Perseroan where the Company level of success is a result of
Perseroan akan terus memaksimalkan utilisasi, penggantian The company would continue to maximize our capacity
dimana tingkat kesuksesan merupakan hasil dari creative and hardworking employees whom we
mesin-mesin tua yang tidak efisien, berbagai sistem yang utilization, replace old inefficient machines, and build our
kreativitas dan kerja keras karyawan dan karyawati have been fortunate enough to have in the
dapat membantu dan melancarkan produksi, pengembangan manpower strengths in order to remain competitive in the
yang beruntung dimiliki oleh Perseroan. Bagi Company. In our Company, our people are at
tenaga-kerja terus menerus untuk tetap bersaing di pasar global market and to provide contribution to Indonesias
Perseroan, sumber daya manusia adalah pusat dari the centre of everything we do. Priority is
global dan memberikan kontribusi bagi ekspor Indonesia. export.
seluruh aktivitas Perseroan. Kami memberikan given to their professional development,
prioritas pada mereka dalam their life balance, and their ability to
Perseroan fokus dengan industri garmen dan seluruh The Company continues to focus in the garment industry
pengembangan profesionalisme, contribute equally as part of diverse
industri pendukungnya, dan tetap yakin prospek industri and all supporting industries, and we are confident of the
keseimbangan kehidupan, dan workforce. The ability for us to
ini. Tahun 2014 Perseroan ataupun melalui PT. Pancaprima prospect of this industry. In year 2014 the Company or
kemampuan mereka untuk realize our existence as Global
Ekabrothers merencanakan pendirian perusahaan baru dan through PT. Pancaprima Ekabrothers plan to set-up new
berkontribusi pada Perusahaan. Company will continue to be the
atau pengambilalihan mayoritas saham. Seluruh rencana businesses and or take-over majority shares. All of these
Kemampuan kami mewujudkan result of the initiative and
ini terkait dengan bisnis inti Perseroan: ke hulu yaitu plans related to core business of the Company: up stream
eksistensi sebagai Perseroan yang hardwork of the Companys
tekstil, setara industri garmen atau lebih hulu lagi serat such as textile/ fabric mills, also in garment manufacturing
mengglobal akan terus merupakan employees.
dan pemintalan; usaha pendukung yaitu antara lain bordir, or more upper to fibre and spinning; supporting business
hasil dari inisiatif dan kerja keras
printing, pembuatan garmen dengan merek sendiri, such as embroidery, printing, own brands collection,
para karyawan dan karyawati.
pendirian perusahaan sourcing dan development garment; sourcing and garment development, etc; down stream to
ke hilir memasuki bidang retail garmen. retail business.
Kami menyampaikan apresiasi kami We express our deepest
yang mendalam dan terima kasih appreciation and gratitude to our
Perseroan telah melakukan Penawaran Umum Terbatas III The Company did Right Issue III and all fund fully received
kepada para pelanggan, pemasok, customers, suppliers, stakeholders,
dengan total dana yang telah diterima dalam bulan Januari in January 2014 amounted to Rp. 1.018.017.881.700,-.
pemangku kepentingan, Dewan Board of Commissioners and
2014 sebesar Rp 1.018.017.881.700,-.
Komisaris dan pemegang saham shareholders for the vote of confidence
atas kepercayaan yang telah diberikan kepada Perseroan. in the Company.
Perseroan saat ini telah siap memasok seluruh jenis garmen, The Company currently manages to supply all types of
dan menjadikan Perseroan sebagai onestop shopping bagi garments, and direct the Company towards onestop
buyer untuk semua jenis garmen. Di tahun 2014, Perseroan shopping for buyers from all products range. In 2014, the Tangerang, 21 Maret 2014 | Tangerang, March 21th, 2014
akan terus mencari dan melakukan kerjasama dengan Company would search and work together with other
Dewan Direksi PT Pan Brothers Tbk
perusahaan yang mempunyai pengalaman memproduksi factories that has experience in other kind of garment
The Board of Directors PT. Pan Brothers Tbk
garmen jenis lain, dan menjadikan mereka sebagai vendor production, and make them as vendor companies which
perusahaan yang mengerjakan order milik Perseroan. Perseroan produce the Companys order. The Company would
terus memperkuat tim untuk memastikan pengawasan continuously strengthen the team to ensure the direct
langsung terhadap kualitas, produktifitas dan delivery control of quality, productivity and delivery time, so that
time, agar dapat memuaskan pelanggan Perseroan. Saat ini the customers are satisfied. At present and continuously,
dan secara terus menerus, Perseroan melakukan kolaborasi the Company engages and collaborates working
Ludijanto Setijo
dengan supplier bahan baku (kain) agar dapat diperoleh relationships with fabric suppliers so there will be mutual Direktur Utama | President Director
sinergi yang menguntungkan bagi perkembangan Perseroan. synergy for the development of the Company.
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laporan tahunan annual report 2013
PT. Pan Brothers Tbk. 23

Dewan Komisaris
The Board of commissioners

2
2 3 3
1
1
1. ANNE PATRICIA SUTANTO (Wakil Direktur Utama Vice President Director)
1. LUDIJANTO SETIJO (Direktur Utama President Director) 2. LILIK SETIJO (Direktur Director)
2. HWANG SEI WOOK (MICHAEL HWANG) (Direktur Director) 3. FITRI RATNASARI HARTONO (Direktur Director)
3. MURALI KRISHNAN RAMAKRISHNA PILLAI (Direktur Director)
24 laporan tahunan annual report 2013
PT. Pan Brothers Tbk. 25
laporan tahunan annual report 2013
PT. Pan Brothers Tbk.

Profil Dewan Komisaris


Profil Dewan Direksi
Biography the Board of Directors
LUDIJANTO SETIJO FITRI RATNASARI HARTONO
Direktur Utama Direktur
President Director Director
Warga Negara Indonesia Warga Negara Indonesia
Indonesian Citizen Indonesian Citizen
Lahir di Surabaya tanggal 22 Nopember 1970 Lahir di Surakarta tanggal 7 Agustus 1971
Born in Surabaya on November 22nd, 1970 Born in Surakarta on August 7th, 1971

Lulusan Nakano School of Business Jepang di tahun 1993. Beliau diangkat sebagai Direktur Lulusan dari University of Washington, Seattle USA, dengan gelar Bachelor of Science (BSc) tahun
Utama Perseroan sejak 22 Juni 2010. Pengalaman jabatan di Perseroan: Sebagai Direktur Perseroan 1993.
sejak April 1997, dan dipromosikan menjadi Wakil Direktur Utama di bulan September 2002 sampai
Beliau telah menjabat selaku Direktur Perseroan sejak 23 April 2007. Sebelum bergabung dengan
beliau diangkat menjadi Direktur Utama Perseroan 22 Juni 2010. Beliau juga merupakan Wakil
Perseroan, beliau pernah menduduki beragam jabatan antara lain sebagai : Business Development
Direktur Utama PT. Pancaprima Ekabrothers.
pada perusahaan pelayaran di Singapura dari tahun 1994 sampai 1997, di industri tekstil sebagai
Sebelum bergabung dengan Perseroan, Beliau menjabat selaku Deputi General Manager PT Herald Tristate Plastic dan Direktur Keuangan Direktur dari tahun 1997 sampai 2006.
PT Tassindo Tassa Industries dari 1993 sampai 1995. Beliau bergabung dengan PT Intiras Busana Prana International dari 1995 sampai
Graduated from University of Washington, Seattle-USA, and received her Bachelor of Science (BSc) in 1993.-
1997, sebagai Direktur.
Mrs. Fitri has been appointed as a Director of the Company since April 23rd 2007. Before joining the Company, she held various
Graduated from Nakano School of Business Japan in 1993. Mr. Setijo has been the President Director since June 22nd, 2010, he also
management positions such as : Business Development in Singapore base shipping company from 1994 until 1997, and in textile
experienced as Director of the Company since April 1997, he was promoted to Vice President Director in September 2002, until elected
industry as a Director from 1997 until 2006.
as President Director on June 22nd, 2010. He is concurrently also the Vice President Director of PT. Pancaprima Ekabrothers.
Before joining the Company, he was a Deputy General Manager of PT. Herald Tristate Plastic and the Finance Director of PT. Tassindo Tassa
Industries from 1993 until 1995. He joined PT. Intiras Busana Prana International from 1995 until 1997, as a Director. LILIK SETIJO
Direktur
Director
ANNE PATRICIA SUTANTO Warga Negara Indonesia
Wakil Direktur Utama Indonesian Citizen
Vice President Director Lahir di Surabaya tanggal 18 Maret 1972
Warga Negara Indonesia Born in Surabaya on March 18th, 1972
Indonesian Citizen
Lahir di Solo tanggal 28 Oktober 1972 Lulusan Tokyo Institute of Technology Jepang di tahun 1995.
Born in Solo on October 28th, 1972 Beliau diangkat sebagai Direktur Perseroan sejak 22 Juni 2010 dan, beliau juga merupakan
Direktur PT. Pancaprima Ekabrothers.
Lulusan University of Southern California USA, dengan major Chemical Engineering dan minor
Business Administration. Beliau menerima gelar Master of Business Administration (MBA) Sebelum bergabung dengan Perseroan, beliau pernah menduduki beragam jabatan dibeberapa
dengan spesialisasi di bidang keuangan dari Loyola Marymount University, Los Angeles USA perusahaan seperti di: PT. Indonesia Toray Synthetics dari 1995-1996, Marubeni Corp Rep Office
tahun 1994. Jakarta dari 1996-1997, PT. Intirub dari 1997-2002, PT. Hanin Nusa Mulia dari 2002 dll sebagai Direktur dan jabatan lain.
Beliau diangkat sebagai Wakil Direktur Utama Perseroan sejak 22 Juni 2010. Pengalaman Graduated from Tokyo Institute of Technology Japan in 1995.
jabatan di Perseroan: Sebagai Komisaris Utama/ Independen Perseroan sejak 19 Juni 2009 sampai diangkat sebagai Wakil Direktur Mrs. Lilik Setijo has been a Director of the Company since June 22nd 2010, and she is concurrently also the Director of PT.
Utama pada 22 Juni 2010, sebelumnya beliau telah menjabat selaku Direktur Perseroan sejak 25 April 1997. Beliau juga diangkat Pancaprima Ekabrothers.
menjadi Direktur Utama PT. Pancaprima Ekabrothers sejak 22 Juni 2010.
Before joining the Company, she held various management positions such as: In PT. Indonesia Toray Synthetics from 1995-1996,
Sebelum bergabung dengan Perseroan, Beliau bergabung dengan Business Development Grup Kayu Lapis: Integrated Wood Marubeni Corp Rep Office Jakarta from 1996-1997, PT. Intirub from 1997-2002, PT. Hanin Nusa Mulia from 2002, etc., as Director
Industry dari 1995 sampai 1996. Beliau menjabat selaku Asisten Direktur Keuangan Grup Keris, grup yang bergerak dibidang ritel, and other positions.
tekstil, dan usaha pengembang dari 1996 sampai 1997.
Graduated from University of Southern California USA, with a major in Chemical Engineering and minor in Business
Administration. She received her Master of Business Administration (MBA) degree, specializing in Finance, from Loyola Marymount
University, Los Angeles USA in year 1994.
Mrs. Anne Patricia Sutanto has been the Vice President Director since June 22nd, 2010, she also experienced as Director of the
Company since April 1997, she was appointed as President Commissioner of the Company since June 19 th, 2009 until elected as
Vice President Director on June 22nd, 2010. She is concurrently also the President Director of PT. Pancaprima Ekabrothers.
Before joining the Company, she was with the Business Development of Kayu Lapis Group: Integrated Wood Industry from 1995
until 1996. She was the Assistant Finance Director of Keris Group, a group engaging in retailing, textile, and real estate
businesses, from 1996 until 1997.
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Profil Dewan Direksi
Biography the Board of Directors
laporan tahunan annual report 2013
PT. Pan Brothers Tbk. 27

Profil Dewan Direksi Penghargaan


Biography the Board of Directors Awards
MURALI KRISHNAN RAMAKRISHNA PILLAI Tahun 2013 ini Perseroan dan Anak Perusahaan In year 2013 the Company and subsidiaries company
Direktur PT. Pancaprima Ekabrothers memenangkan beberapa Awards, PT. Pancaprima Ekabrothers awarded some Awards, to :
Director
antara lain :
Warga Negara India
India Citizen
Lahir di Trivandrum Kerala India tanggal 23 Maret, 1970
Born in Trivandrum Kerala on March 23 rd, 1970

Lulus dari Kerala University dengan gelar Bachelor of Technology in Mechanical Engineering
dengan spesialisai di Industrial Engineering India in 1991.
Beliau ditunjuk sebagai Direktur Perseroan sejak 15 Mei 2012.
Sebelum bergabung dengan Perseroan, beliau aktif di industri garment dan bergabung dengan
beberapa perusahaan di Indonesia antara lain: sebagai General Manager di PT Golden Flower dari 2002 sampai 2004, sebagai
Senior General Manager di PT Busana Apparel Group dari 2004 sampai 2006, sebagai Direktur PT Sioen Indonesia dari 2006 sampai
2011.
Graduated from Kerala University, Bachelor of Technology in Mechanical Engineering with specialization in Industrial Engineering
India in 1991.
"Mr. Murali Krishnan joined to the group from 2011 and appointed May 15th, 2012 as a Director.
Before joining the Company, he has been active in garment industry and has been involved in some company in Indonesia, such:
as General Manager of PT Golden Flower from 2002 until 2004; as Senior General Manager of PT Busana Apparel Group from 2004
until 2006; as Director PT Sioen Indonesia from 2006 until 2011.

Primaniyarta Export Award 2013 dari Departemen Perdagangan Republik Indonesia (16 Oktober 2013).
HWANG SEI WOOK (MICHAEL HWANG) Primaniyarta Export Award 2013 from Department of Trade and Industry Republic Indonesia (October 16th, 2013).
Direktur
Director
Warga Negara Korea
Korean Citizen
Lahir di Korea tanggal 3 Juli, 1956
Born in Korea on July 3rd, 1956

Lulus dari Dongkuk University in Korea dengan gelar Bachelor of Economic International
majoring in Foreign Trading Korea tahun 1982.
Beliau bergabung dengan Perseroan sejak 1998 ditunjuk sebagai Direktur Perseroan sejak 31
Mei 2013.
Sebelum bergabung dengan Perseroan, beliau aktif di industri garment dan bergabung dengan
beberapa perusahaan di Korea dan di Indonesia dengan berbagai jabatan antara lain: di Dong-il Textile Group di Korea dari 1982
sampai 1989; di Korindo Group Indonesia dari 1989 sampai 1998; Di PT. Pan Brothers Tbk dari 1998 sampai sekarang dengan posisi Penghargaan Industri Hijau 2013 dari Departemen
terakhir sebagai Senior General Manager. Perindustrian Republik Indonesia (26 November 2013).
Graduated from Dongkuk University in Korea as Bachelor of Economic International majoring in Foreign Trading Korea tahun Green Industry Award 2013 from Departement of
1982. Industry Republic Indonesia (November 26, 2013).
"Mr. Hwang joined to the Company from 1998 and appointed May 31th, 2013 as a Director.
Before joining the Company, he has been active in garment industry and has been involved in some company in Korea and
Indonesia in various position in: Dong-il Textile Group in Korea from 1982 until 1989; Korindo Group Indonesia from 1989 until Sustainable Business Award 2013 dari Indonesian
1998; PT. Pan Brothers Tbk fromi 1998 until present with last positioan as Senior General Manager. Business Council for Sustainable Development, CIFOR
dan PwC. (28 November 2013).
Sustainable Business Award 2013 from Indonesian
Business Council for Sustainable Development, CIFOR
dan PwC. (November 28, 2013).
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Pembahasan dan Analisa Manajemen


Management Discussion and Analysis
Pembahasan dan Analisa Manajemen berdasarkan Laporan Management Discussion and Analysis based on Financial
Keuangan Perseroan untuk tahun yang berakhir pada tanggal Statements for the Year Ended on December 31st, 2013
31 Desember 2013 yang diaudit oleh Kantor Akuntan Publik as audited by Accounting Firms Doli, Bambang,
Doli, Bambang, Sulistiyanto, Dadang & Ali. (An independent Sulistiyanto, Dadang & Ali. (An independent member of
member of BKR International), diperbandingkan dengan BKR International) compared with Financial Statements
Laporan Keuangan Perseroan untuk tahun yang berakhir for the Year Ended on December 31st, 2012 as audited
tanggal 31 Desember 2012 yang diaudit oleh Kantor by Accounting Firms Doli, Bambang, Sulistiyanto,
Akuntan Publik Doli, Bambang, Sulistiyanto, Dadang & Ali. Dadang & Ali. (An independent member of BKR
(An independent member of BKR International). International).

1. KINERJA KEUANGAN 1. FINANCIAL PERFORMANCE Beban usaha tahun 2013 sebesar USD 23.0 juta dan tahun The Operating expenses in the year 2013 was USD 23.0 million
Proyeksi Perseroan telah disampaikan dalam public expose The Company projection had been submitted in public 2012 sebesar USD 17.8 juta. Beban usaha dari penjualan in the year 2012 USD 17.8 million. Operating expenses from
yang dilakukan di Financial Club CIMB Niaga Jakarta pada expose at Financial Club CIMB Niaga Jakarta held on tahun 2013 adalah 6,78 % dan tahun 2012 adalah 6,19 %. sales in year 2013 was 6.78 % and in year 2012 was 6.19 %.
tanggal 20 Desember 2013. Proyeksi Penjualan Perseroan untuk December 20th, 2013. The Companys sales projected for
tahun 2013 adalah sebesar USD 325 juta dan realisasi the year 2013 amounted USD 325 million and the Laba sebelum taksiran pajak penghasilan naik 41,40 % Net profit before estimated income tax increased 41.40 %
penjualan tahun 2013 adalah sebesar USD 339.7 juta lebih realization of sales in year 2013 was amounted USD 325 menjadi sebesar USD 12.7 juta di tahun 2013 dari USD 9.0 to USD 12.7 million in the year 2013 from USD 9.0 million
tinggi sebesar USD 14.9 juta dari proyeksi tahun 2013. million higher as USD 14.9 million in year 2013. juta di tahun 2012, kenaikan sebesar USD 3.7 juta. Laba in the year 2012, an increase of USD 3.7 million. Net profit
sebelum taksiran pajak penghasilan dari penjualan tahun before estimated income tax from sales in year 2013 was
A. Pertumbuhan Penjualan dan Laba A. Sales Growth and Profit 2013 adalah 3,75 % dan tahun 2012 adalah 3,14 %. 3.75 % and in year 2012 was 3.14 %.
Penjualan Sales
Penjualan tahun 2013 naik sebesar 18,53 % menjadi USD The sales in year 2013 increased by 18.53 % to USD 339.7 Laba komprehensif yang dapat diatribusikan kepada Income comprehensive attributable to owners of the
339.7 juta dibanding penjualan tahun 2012 sebesar USD million compared to year 2012 amounting to USD 286,61 pemilik entitas induk naik 41,07 % menjadi sebesar USD company increased 41.07 % to USD 10.5 million in the
286,61 juta. million. 10.5 juta di tahun 2013 dari USD 7.5 juta di tahun 2012, year 2013 from USD 7.5 million in the year 2012, an
kenaikan sebesar USD 3.0 juta. increased of USD 3.0 million.
Beban Pokok Penjualan, Laba Kotor, Laba Usaha, Laba Bersih Cost Of Goods Sold, Gross Profit, Operating Profit, Net Profit
Beban Pokok Penjualan tahun 2013 adalah sebesar USD The Cost of Goods Sold in year 2013 was USD. 297.9 Laba bersih per saham dasar dari USD 0.0034 di tahun Basic earning per share USD 0.0034 in year 2013 and net
297.9 juta yang merupakan 87,69 % dari penjualan. million as 87.69 % from sales. In year 2012 Cost of Goods 2013 dan Laba bersih per saham dasar tahun 2012 sebesar profit per share in year 2012 was USD 0.0024. The
Tahun 2012 Beban Pokok Penjualan adalah USD 254,9 juta Sold was USD.254.9 million as 88.94 % from sales. USD 0,0024. Jumlah saham Perseroan yang beredar tahun Companys outstanding shares in year 2013 and 2012 are
yang merupakan 88,94 % dari penjualan. 2013 dan tahun 2012 adalah 3.084.902.672 dan 3,084,902,672 and 3,065,612,208 shares.
The Gross profit increased 31.82 % to USD 3.065.612.208 lembar saham.
Laba kotor naik 31,82 % menjadi 41.8 million in the year 2012 from
sebesar USD 41.8 juta di tahun 2013 USD 31.7 million in the year 2012, Imbal Hasil Aktiva, yaitu merupakan perbandingan antara Return on Assets was compared between net
dari USD 31,7 juta di tahun 2012, an increase of USD 10.1 laba (rugi) komprehensif bersih dengan total aktiva. Imbal comprehensive income (loss) with Total Assets. Return on
naik sebesar USD 10.1 juta. Laba million. Gross profit from sales Hasil Aktiva tahun 2013 adalah 4,49 % dan Imbal Hasil Assets in the year 2013 was 4.49 % and Return on Assets
kotor dari penjualan tahun 2013 in year 2013 was 12.31 % and Aktiva tahun 2012 adalah 3,32 %. in the year 2012 was 3.32 %.
adalah 12,31 % dan tahun 2012 in year 2012 was 11.06 %.
adalah 11,06 %. Imbal Hasil Ekuitas, yaitu merupakan perbandingan antara Return on Equity was compared between net
Operational profit increased laba komprehensif (rugi) bersih dengan total ekuitas. comprehensive income (loss) with total equity. Return on
Laba usaha naik 34,47 % menjadi 34.47 % to USD 18.8 million Imbal Hasil Ekuitas tahun 2013 adalah 10,59 % dan Imbal Equity in the year 2013 was 10.59 % and Return on Equity
sebesar USD 18.8 juta di tahun in the year 2013 from USD Hasil Ekuitas tahun 2012 adalah 7,88 %. in the year 2012 was 7.88 %
2013 dari USD 14,0 juta di tahun 14.0 million in the year 2012,
2011, kenaikan sebesar USD 4.8 an increase of USD 4.8 B. Pertumbuhan Aktiva B. Growth of Assets
juta. Laba usaha dari penjualan million. Operating profit from Piutang Usaha Trade Receivables
tahun 2013 adalah 5,53 % dan sales in year 2013 was 5.53 % Piutang usaha Perseroan per 31 Desember 2013 adalah Trade receivables of the Company as of December 31st,
tahun 2012 adalah 4,87 %. and in year 2012 was 4.87 %. sebesar USD 45.3 juta, turun sebesar 13,99 % dibandingkan 2013 was at USD 45.3 million, a decrease of 13.99 %
dengan posisi per 31 Desember 2012 sebesar Rp 52.6 juta. compared to December 31st, 2012 which was USD 52.6
Penurunan sebesar USD 7.3 juta. million, a deccrease of USD 7.3 million.
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Management Discussion and Analysis
Pembahasan dan Analisa Manajemen
Management Discussion and Analysis
laporan tahunan annual report 2013
PT. Pan Brothers Tbk. 31

Tingkat kolektibilitas Piutang usaha Perseroan masih dalam The collectibility of account receivable is normal, range of
tingkat yang normal, yaitu berkisar 30-90 hari. Tahun 2013 the aging around 30-90 days. In year 2013 the aging was
selama 49 hari dan tahun 2012 selama 67 hari. 49 days and in year 2012 was 67 days.

Persediaan Inventories
Persediaan Perseroan per 31 Desember 2013 adalah Inventories of the Company as of December 31st, 2013 was
sebesar USD 55.6 juta, naik sebesar 2,88 % dibandingkan at USD 55.6 million, an increase of 2.88 % compared to
dengan posisi per 31 Desember 2012 sebesar USD 54.1 December 31st, 2012 which was USD 54.1 million, an
juta. Kenaikan sebesar USD 1.5 juta. increase of USD 1.5 million.

Tingkat perputaran Persediaan Perseroan masih dalam The inventory turnover is normal, range of the turnover
tingkat yang masih normal, yaitu berkisar 60-90 hari. around 60-90 days. In year 2013 the turnover was 60 days
Tahun 2013 selama 60 hari dan tahun 2012 selama 69 hari. and in year 2012 was 69 days.

Aset Tetap Net Fixed Assets Kewajiban Tidak Lancar NonCurrent Liabilities
Aset tetap bersih Perseroan per 31 Desember 2013 adalah The total fixed assets of the Company as of December Kewajiban tidak lancar Perseroan per 31 Desember 2013 Non Current Liabilities of the Company as of December
sebesar USD 56.8 juta, naik sebesar 7,23 % dibandingkan 31st, 2013 was at USD 56.8 million, an increase of 7.23 % adalah sebesar USD 84.0 juta, naik sebesar 1534,67 % 31st, 2013 was at USD 84.0 million, an increase of 1534.67
dengan posisi per 31 Desember 2012 sebesar USD 53.0 compared to December 31st, 2012 which was USD 53.0 dibandingkan dengan posisi per 31 Desember 2012 sebesar % compared to December 31st, 2012 which was USD 5.1
juta. Kenaikan sebesar USD 3.8 juta. million, an increase of USD 3.8 million. USD 5.1 juta. Kenaikan sebesar USD 78.9 juta. Kenaikan million, an increase of USD 78.9 million. The increase
terjadi karena beralihnya utang modal kerja dari bank cause of switch of working capital bank loan to bank
Jumlah Aset Total Assets menjadi hutang bank sindikasi dengan tenor 3-5 tahun. syndication loan with tenor 3-5 years.
Jumlah aset Perseroan per 31 Desember 2013 adalah The total assets of the Company as of December 31st, 2013
sebesar USD 233.8 juta, naik sebesar 12,26 % was at USD 233.8 million, an increase of 12.26 % Jumlah Kewajiban Total Liabilitiess
dibandingkan dengan posisi per 31 Desember 2012 sebesar compared to December 31st, 2012 which was USD 208.3 Jumlah Kewajiban Perseroan per 31 Desember 2013 adalah Total Liabilities of the Company as of December 31st, 2013
USD 208.3 juta. Kenaikan sebesar USD 25.5 juta, terbesar million, an increase of USD 25.5 million. The primary sebesar USD 134.8 juta, naik sebesar 11,83 % was at USD 134.8 million, an increase of 11.83 %
berasal dari kenaikan Aset Lancar sebesar USD 22.0 juta. contributing factor of this increase was the increase in dibandingkan dengan posisi per 31 Desember 2012 sebesar compared to December 31st, 2012 which was USD 120.5
Current Assets amounted to USD 22.0 million. USD 120.5 juta. Naik sebesar USD 14.3 juta. million, an increase of USD 14.3 million.

C. Perkembangan Kewajiban C. Liabilities D. Posisi Ekuitas D. Equity Position


Kewajiban Lancar Current Liabilities Jumlah ekuitas Perseroan per 31 Desember 2013 sebesar The total equity of the Company as of December 31st 2012,
Kewajiban lancar Perseroan per 31 Desember 2013 adalah Current Liabilities of the Company as of December 31st, USD 78.5 juta naik sejalan dengan laba bersih sebesar USD which was USD 78.5 million, has increased in respective
sebesar USD 50.8 juta, turun sebesar 55,95 % dibandingkan 2013 was at USD 50.8 million, a decrease of 55.95 % 10.5 juta dan komponen ekuitas lainnya. Jumlah ekuitas with the net profit of USD 10.5 million and others equity
dengan posisi per 31 Desember 2012 sebesar USD 115.4 compared to December 31st, 2012 which was USD 115.4 per 31 Desember 2012 sebesar USD 69.8 juta. components. The total equity of the Company as of
juta. Penurunan sebesar USD 64.6 juta. Penurunan terjadi miillion, a decrease of USD 64.6 million. The decrease December 31st 2012 amounted USD 69.8 million.
karena beralihnya utang modal kerja dari bank menjadi cause of switch of working capital bank loan to bank
hutang bank sindikasi dengan tenor 3-5 tahun. syndication loan with tenor 3-5 years. E. Likuiditas, Solvabilitas & Ratio lainnya E. Liquidity, Solvability & other Ratios
Arus kas bersih dari aktivitas operasional mencapai USD 21,9 Cash flow generated from operating was USD 2.9 million in
miliar di tahun 2013, meningkat sebesar 658,31 % dari year 2013, an increase 658.31 % over 2012 was USD 2.9
tahun 2012 sebesar USD 2.9 juta, didorong oleh peningkatan million, mainly from higher sales and Account Receivable
penjualan dan turn-over Piutang yang meningkat. turn over- ratio.

Likuiditas Perseroan, rasio antara aset lancar dengan The liquidity of the Company shown by its current ratio in
kewajiban lancar di tahun 2013 berada pada tingkat the year 2013 which was at the level of 333.79 %, and in
333,79 % dan tahun 2012 berada pada tingkat 127,89 % the year 2012 was at the level of 127.89 % an increase of
terjadi kenaikan sebesar 205,90 %. 205.90 %.

Solvabilitas. Tingkat solvabilitas, rasio kewajiban terhadap The solvability shown by the companys debt to equity
ekuitas tahun 2013 sebesar 136,07 % dan tahun 2012 ratio in the year 2013 which was at 136.07 %, and in the
sebesar 137,32 % terjadi penurunan sebesar 1,25 %. year 2012 was at 137.32 % a decrease of 1.25 %. The
Perseroan akan tetap menjaga Arus Kas dengan baik. Company will always maintain reliable Cash Flows.
32 laporan tahunan annual report 2013
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Management Discussion and Analysis
Pembahasan dan Analisa Manajemen
Management Discussion and Analysis
laporan tahunan annual report 2013
PT. Pan Brothers Tbk. 33

Total mesin jahit terpasang termasuk Anak Perusahaan Installed sewing machines included in subsidiary company
tahun 2013 adalah sebanyak 13.250 mesin jahit. in year 2013 was 13,250 machines.

Jumlah Kewajiban Perbankan Perseroan per 31 Desember Total Bank debt of the Company as of December 31st, 2013 Segmentasi Produksi Production Segmentation
2013 adalah sebesar USD 78.4 juta, naik sebesar 4,64 % was at USD 78.4 million, an increase of 4.64 % compared Pabrik Perseroan di Tangerang, Boyolali dan Sragen disiapkan The Company factory in Tangerang, Boyolali and Sragen
dibandingkan dengan posisi per 31 Desember 2012 sebesar to December 31st, 2012 which was USD 75.0 million, an untuk memproduksi cut & sewn knit garment, seperti Polo set up to produce cut & sewn knit garment such as Polo
USD 75.0 juta. Naik sebesar USD 3.4 juta. increase of USD 3.4 million. Shirts, Golf Shirts, Track Suits, Sweat Shirts, juga woven Shirts, Golf Shirts, Track Suits, Sweat Shirts as well as Woven
garment seperti Padded dan Light Weight Jackets, Pants, Garments such as Padded and Light Weight Jackets,
Solvabilitas Kewajiban Perbankan terhadap total aset The solvability shown by the companys bank debt to total Shorts dan Casual Pant, dll, dengan berbagai jenis bahan. Pants, Shorts and Casual Pants etc, with various fabric.
tahun 2013 sebesar 33,55 % dan tahun 2012 sebesar assets ratio in the year 2013 which was at 33.55 %, and
35,99 % terjadi penurunan sebesar 2,44 %. in the year 2012 was at 35.99 % a decrease of 2.44 %. Pabrik Anak Perusahaan PT. Pancaprima Ekabrothers di The subsidiary company PT. Pancaprima Ekabrothers
Tangerang dan Boyolali disiapkan untuk memproduksi factory in Tangerang and Boyolali set up to
Solvabilitas Kewajiban Perbankan terhadap ekuitas tahun The solvability shown by the companys bank debt to Technical, Functional and Active Wear Jackets suited for manufactures: Technical, Functional and Active Wear
2013 sebesar 79,20 % dan tahun 2012 sebesar 85,42 % equity ratio in the year 2013 which was at 79.20 %, and Snow Boarding, Ski Outer Wear, Active Wear, Jogging, Hiking, Jackets suited for Snow Boarding, Ski Outer Wear, Active
terjadi penurunan sebesar 6,22 %. in the year 2012 was at 85.42 % an increase of 6.22 %. berbagai Pakaian Sports dan Pakaian Outdoor Activities dll. Wear, Jogging, Hiking, and other Sports and Outdoor
dengan bahan seperti Nylon, Polyester, Micro Fiber, dll. Activities, etc, using: Nylon, Polyster, Micro Fiber, etc.
Kemampuan Laba komprehensif bersih terhadap total aset The profitability of comprehensive net income to total
tahun 2013 sebesar 4,51 % dan tahun 2012 sebesar 3,59 % assets ratio in the year 2013 which was at 4.51 %, and in Anak Perusahaan PT. Hollit International bergerak dalam The subsidiary company PT. Hollit International line of business
terjadi kenaikan sebesar 0,92 %. the year 2012 was at 3.59 % an increase of 0.92 %. bidang product development garmen dan menangani brand is focused to managing Product Development, Collections &
name ternama antara lain: Calvin Klein Jeans, Ralph Production for worlds renowned Fashion Brand and Companies
Kemampuan laba komprehensif bersih terhadap ekuitas The profitability of comprehensive income to equity ratio Lauren Ltd., Lacoste SA., Prada SpA, Hugo Boss AG, Tommy such as: Calvin Klein Jeans, Ralph Lauren Ltd., Lacoste SA.,
tahun 2013 sebesar 10,65 % dan tahun 2012 sebesar 8,52 % in the year 2013 which was at 10.65 %, and in the year Hilfiger, Guess Inc,., The Holy Fashion Group (with brands Prada SpA, Hugo Boss AG, Tommy Hilfiger, Guess Inc,., The
terjadi kenaikan sebesar 2,13 %. 2012 was at 8.52 % an increase of 2.13 %. Strellson, JOOP and Windsor), Coin SpA, Transit Fashion Holy Fashion Group (with brands Strellson, JOOP and
(brand NZA), Brooks Brothers Ltd,, Inditex (Massimo Windsor), Coin SpA, Transit Fashion (brand NZA), Brooks
EBITDA tahun 2013 sebesar USD 26.1 juta dan tahun 2012 EBITDA in the year 2013 which was USD 26.1 million, and in the Dutti) and Next Retail Ltd., dll. Bekerja sama dengan Brothers Ltd,, Inditex (Massimo Dutti) and Next Retail Ltd.
sebesar USD 20.1 juta terjadi kenaikan sebesar USD 6.0 juta. year 2012 was USD 20.1 million an increase of USD 6.0 million. pabrik-pabrik PBRX dan juga dengan beberapa manufaktur etc. Cooperating with PBRXs factories as well as with other
garmen tertentu. selective and exclusive garment manufacturing partners.
EBITDA terhadap Kewajiban Perbankan tahun 2013 sebesar EBITDA to bank debt ratio in the year 2013 which was at
33,30 % dan tahun 2012 sebesar 26,84 % terjadi kenaikan 33.30 %, and in the year 2012 was at 26.84 % a decrease Anak Perusahaan Continent 8 Pte Ltd sebuah perusahaan The subsidiary company Continent 8 PTE Ltd is an
sebesar 6,46 %. of 6.46 %. Agen Penjualan Apparel yang juga membidangi product Apparel Buying Agent Company also as garment product
development garment. development .
2. KAPASITAS, STRATEGI, DLL 2. CAPACITY, STRATEGY, ETC
A. Kapasitas Produksi A. Production Capacity PT. Ocean Asia Industry sebuah perusahaan Joint Venture PT. Ocean Asia Industry is a new Joint Venture Company
Dalam tahun 2013 pabrik Perseroan di Tangerang, Sragen In year 2013 the Company factory in Tangerang, dengan SJ Industrial Pte, Ltd. yang telah berpengalaman with SJ Industrial Pte, Ltd. that has long experience in
dan Boyolali berjalan dengan jumlah mesin terpasang Sragen and Boyolali run with 5,200 installed sewing dalam memproduksi bahan baku kain, termasuk berbagai manufacturing apparel material including various kind
5,200 mesin jahit. machines. macam kain rajutan. Ocean didirikan tahun 2012 dengan of knitted fabrics. PT. Ocean was set- up in year 2012
kepemilikan 51 %, dengan ini Perseroan mulai masuk ke with 51 % ownership by this the Company has started
Dalam tahun 2013 pabrik Anak Perusahaan di Tangerang In year 2013 the subsidiary company factory in sektor hulu. Ocean memproduksi tekstil khususnya circular the up-stream to textile. Ocean is focusing in circular
dan Boyolali berjalan dengan jumlah mesin terpasang Tangerang and Boyolali run with 8,050 installed knitting fabric, pencelupan, perajutan, pencelupan benang knitted fabric in dyeing, knitting, yarn dyeing and
8.050 mesin jahit. sewing machines. dan kain printing. PT. Ocean Asia Industri saat ini mensupply fabric printing. Ocean Asia is presently supplying to
34 laporan tahunan annual report 2013
PT. Pan Brothers Tbk.
Pembahasan dan Analisa Manajemen
Management Discussion and Analysis
Pembahasan dan Analisa Manajemen
Management Discussion and Analysis
laporan tahunan annual report 2013
PT. Pan Brothers Tbk. 35

latihan di semua tempat kerja telah berhasil menurunkan emergency drills held at all work sites have been quite
angka kecelakaan kerja. successful in reducing work-related accidents.

C. Strategi Jangka Panjang C. Long Term Strategy


Perseroan akan menambah buyer baru dan memberdayakan The Company would increase new buyers and enlarge its
buyer yang ada dengan produk baru guna meningkatkan existing buyers with other products and increase their
jumlah pesanan yang masuk dan meningkatkan jenis orders volume and new range of products.
produk.

Perseroan akan terus menerus mengembangkan Penelitian The Company would continuously expand the Reserarch &
dan Pengembangan di industri garmen dan meningkatkan Development in garment manufacturing and get the more
merek-merek internasional seperti : H&M, Gap, Walt Disney, international brand label like: H&M, Gap, Walt Disney, nilai tambah sebagai ODM, dengan menawarkan koleksi value added as ODM, with offering the latest and best
Quick Silver, Kohl's and Target Australia, dll., dan akan terus Quick Silver, Kohl's and Target Australia, etc., and will terakhir yang berkualitas. quality collections.
melayani pabrik garmen dalam dan luar negeri. continue to serve both local garment manufacturers and
overseas garment makers efficiently. Perseroan secara terus menerus berusaha meningkatkan dan The Company would continuosly increase and optimalize its
mengoptimalkan efisiensi, produktifitas, kualitas produk, efficiency, productivity and quality products through
B. Sumber Daya Manusia B. Human Resources melalui: modernisasi / penggantian mesin secara berkala; machineries replacement / modernization periodically;
Jumlah karyawan di akhir tahun 2013 dan 2012 sebesar The number of employees at the end of the year 2013 and menerapkan sistem manajemen mutu ISO 9001:2008 application of consistent quality management ISO
17.523 orang dan 16.687 orang. 2012 were 17,523 workers and 16,687 workers. dengan konsisten: melakukan pelatihan secara intensif, 9001-2008, continous training extensively to give the fair
sehingga dapat memberikan harga yang tepat bagi buyer. and competitive price to the customer.
Perseroan, dengan komitmennya terhadap karyawan, telah The Company, having committed itself to its employees,
menyelenggarakan berbagai pelatihan selama 2013. Pelatihan- has organized various trainings during the year 2013. The Mengembangkan aliansi dengan supplier bahan baku (kain) The Company creating alignment with the raw materials
pelatihan meliputi teknis operasional maupun kepemimpinan trainings are emphasized and continuously held at all juga sedang diberdayakan oleh Perseroan, sehingga dapat suppliers also in progress, to make value added
dan dilakukan secara berkesinambungan dilaksanakan levels in order to achieve the Companys competitive menciptakan nilai tambah dari hasil yang diproduksi Perseroan. products.
untuk mencapai daya saing dan produktifitas Perseroan. advantage and productivity.
Mengembangkan dan menambah aliansi dengan The Company will create and develop alignment with
Kesempatan untuk maju selalu terbuka untuk semua Advancement opportunities are opened to all employees on manufaktur garmen yang memungkinkan dikelola untuk prospective garment manufacturer to be managed under
karyawan, dan promosi diusahakan selalu dari dalam sesuai merit, and promotions, and are encouraged from within the menjadi manufaktur garmen yang terkoordinasi dengan coordination of Company to increase the capacities both in
dengan kualifikasi. Sistem evaluasi yang digunakan organization whenever possible. Employee evaluation system Perseroan untuk menambah kapasitas baik di Indonesia Indonesia and Asia countries to provide the best service to
didasarkan pada kinerja dan potensi individu. is based on both performance and individual potential. maupun di beberapa negara Asia untuk memberikan the customers.
pelayanan terbaik kepada pelanggan.
Sebagai bagian dari komitmen Perseroan terhadap mutu As part of the Companys commitment to the overall product The Company will expand to be supplier on logistic need of
produk, berbagai langkah telah diambil untuk menjaga quality, measures have been taken to keep our operations Mengembangkan diri menjadi penyedia bahan kebutuhan garment material to garment manufactures.
operasional Perseroan pada tingkat yang selaras dengan to a level that is in line with high international quality garmen dan mensuplai ke manufaktur garmen.
standar mutu internasional yang tinggi dengan mengadopsi standards by adopting ISO 9001:2008 an International
ISO 9001:2008 Standar Manajemen Mutu Internasional. Quality Management Standard. The implementation of ISO Mengembangkan diri dari manufaktur The Company will expand from
Implementasi ISO 9001:2008, untuk jangka panjang, 9001:2008, for the long run, will handsomely paid off in garmen menjadi pemegang merek dan retail manufacturing to licence holder and
meningkatkan kesadaran manajemen dan karyawan tentang raising awareness among management and employees of the garmen. Dimulai dengan mendapatkan retail in garment. Starting with geting
pentingnya pengendalian mutu dan prosedur yang konsisten importance of quality control and consistent procedures in lisensi untuk menjual di Indonesia dan the licences to sell in Indonesia and
dalam kegiatan sehari-hari. Untuk itu, banyak dari karyawan daily operation. Many of our employees will be assigned to Asia dari beberapa merek garmen. Asia for some brand names of garment.
Perseroan akan diberikan program-program pelatihan intensif. the intensive training programs related to this effort. Masuk ke retail dan berkembang Doing retail and expand to own the
dengan memiliki merek sendiri. brands.
Beberapa sertifikasi juga dimiliki Perseroan dan atau Anak Others certification hold by the Company and or by the
Perusahaan Perseroan seperti: ISO 14001; WRAP subsidiary company such as: ISO 14001; WRAP (Worldwide Mengembangkan diri ke arah hulu dari The Company will expand from
(Worldwide Responsible Accredited Production); GSV Responsible Accredited Production); GSV (Global Security manufaktur garmen menuju ke seluruh manufacturing to up stream textile
(Global Security Verification); SA 8000; OHSAS; CT-PAT. Verification); SA 8000; OHSAS; CT-PAT. industri terkait, yaitu tekstil, industry, such as textile fabric mills,
pemintalan dan serat. Perseroan akan or more upper to fibre and spinning.
Keselamatan kerja dan kesehatan akan terus menjadi Safety and health have been a priority throughout every aspect menjadi perusahaan yang tersinkronisasi The Company will be synchronized
prioritas dalam setiap aspek kegiatan Perseroan. Tingkat of Companys operation. The frequency rate of work-related dalam supply chain yang lengkap dari hulu in fully integrated supply chain
kecelakaan yang berhubungan dengan pekerjaan sangat accidents has been very low. Regular safety inspections and ke hilir. from up stream to down stream.
rendah. Inspeksi keselamatan kerja secara berkala dan
36 laporan tahunan annual report 2013
PT. Pan Brothers Tbk.
laporan tahunan annual report 2013
PT. Pan Brothers Tbk. 37

Tata Kelola Perusahaan Yang Baik


Good Corporate Governance
Penerapan Tata Kelola Perusahaan yang baik (Good Corporate Good Corporate Governance was initiated and continually
Governance / GCG) di Perseroan terus ditingkatkan improved by the Company in advance of legal regulations
pelaksanaannya sebelum ditetapkannya peraturan dan and requirements demanded by the Government regarding
persyaratan GCG di Indonesia. its implementation.

Sebagai perusahaan publik, seluruh jajaran Direksi dan As a public company, the BOD and BOC realizes that a
Komisaris menyadari pentingnya pengelolaan yang selalu system of management which is based on principles of
berpedoman pada prinsip-prinsip transparansi, tanggung transparancy, responsibility, accountability, fairness will
jawab, akuntabilitas, kewajaran yang dilakukan secara consistently be able to increase value for its shareholders
berkesinambungan akan dapat meningkatkan nilai bagi and other stakeholders.
pemegang saham dan pihak yang berkepentingan lainnya.

PRINSIP USAHA CODE OF CONDUCT BUSINESS PRINCIPLES


Tujuan dan Prinsip Kami. Beroperasi dengan integritas Our Purpose and Principles. Conducting our operations sejalan dengan Prinsip Bisnis kami, yang mencangkup to our own Code of Business Principles, comprises
serta rasa hormat terhadap semua pemangku kepentingan with integrity and with respect for all stakeholders integritas bisnis dan tanggung jawab berkaitan dengan principles covering business integrity and responsibilities
termasuk karyawan, pihak ketiga dan masyarakat dengan including employees, third parties and community with karyawan, pembeli dan lingkungan. relating to employees, buyers and the environment.
rasa hormat dan penuh martabat. respect and dignity.
Mematuhi Hukum. Semua perusahaan Pan Brothers dan Obeying the Law. Pan Brothers companies and our
Standard Perilaku. Dalam melaksanakan segala kegiatan, kami Code of Conduct. We conduct our operation with honesty, para karyawannya berkewajiban mematuhi ketentuan employees are required to comply with laws and
melakukannya dengan penuh kejujuran, integritas, keterbukaan integrity and openness, and with respect for human rights hukum dan peraturan yang berlaku. regulations.
serta menghormati hak asasi manusia, menjaga kepentingan and interest of our employees. We shall similarly respect
para karyawan kami dan menghormati kepentingan sah relasi the legitimate interest of those with whom we have Karyawan. Pan Brothers memiliki komitmen pada Employees. Pan Brothers is committed to diversity in a
kami. Kode etik ini juga mendukung pendekatan kami terhadap relationships. The code also supports our approach to keanekaragaman dalam lingkungan kerja yang diwarnai oleh working environment where there is mutual trust and
tata kelola perusahaan dan tanggung jawan Perseroan. Standard governance and corporate responsibility. Code of Conduct sikap saling percaya dan saling menghormati di mana semua respect and where everyone feels responsible for the
Perilaku ini berlaku di seluruh level termasuk pimpinan puncak. implement in all level including top management. memiliki rasa tanggung jawab atas kinerja dan reputasi performance and reputation of the company. We will
perusahaan. Kami merekrut, mempekerjakan, mengembangkan recruit, employ and promote employees on the sole basis
Mitra Usaha. Pan Brothers memiliki komitmen tinggi Business Partners. Pan Brothers is committed to para karyawan hanya atas dasar kualifikasi dan kemampuan of the qualifications and abilities needed for the work to
dalam menjalin hubungan yang saling bermanfaat dengan establishing mutually beneficial relations with our yang dibutuhkan bagi pekerjaan yang harus dilakukan. be performed. We are committed to safe and healthy
para pemasok, pelanggan, dan mitra usaha. Kami ingin suppliers, buyers and business partners. We want to work Kami memiliki komitmen untuk menyediakan kondisi kerja working conditions for all employees. We will maintain
bekerja dengan mitra yang memiliki nilai-nilai yang setara with partners who have values similar to our own and work yang aman dan sehat. Kami akan memelihara terjalinnya good communications with employees.
dengan yang kami miliki, dan bekerja sesuai standar yang to the same standards we do. Our Code of Conduct aligned komunikasi yang baik dengan para karyawan.
sama dengan kami. Kode Etik Terhadap Pemasok, yang
Pemegang Saham. Pan Brothers melaksanakan kegiatan Shareholders. Pan Brothers will conduct its operations in
usahanya sesuai dengan prinsip tata kelola perusahaan accordance with accepted principles of good corporate
yang baik. Kami menyediakan informasi atas kegiatan governance. We will provide timely, regular and reliable
kami, struktur dan situasi serta kinerja financial kepada information on our activities, structure, financial situation
pemegang saham pada waktunya secara teratur dan benar. and performance to all shareholders.

Kegiatan Umum. Pan Brothers akan bekerja sama dengan Public Activities. Pan Brothers will cooperate with
instansi pemerintah dan organisasi lainnya, baik secara governments and other organisations, both directly and
langsung maupun melalui asosiasi-asosiasi dalam rangka through bodies such as trade association, in the
mengembangkan legislasi dan peraturan lainnya yang mungkin development of proposed legislation and other regulations
mempengaruhi kepentingan usaha. Pan Brothers tidak which may affect legitimate business interests. Pan
mendukung partai politik ataupun memberi sumbangan yang Brothers neither supports political parties nor contributes
dapat membiayai kelompok-kelompok tertentu yang kegiatannya to the funds of groups whose activities are calculated to
diperkirakan akan mendukung kepentingan partai. promote party interests.
38 laporan tahunan annual report 2013
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Tata Kelola Perusahaan Yang Baik
Good Corporate Governance
Tata Kelola Perusahaan Yang Baik
Good Corporate Governance
laporan tahunan annual report 2013
PT. Pan Brothers Tbk. 39

Lingkungan. Pan Brothers The Environment. Pan Pelanggaran prinsip apapun harus dilaporkan sesuai Any breaches of the code must be reported in accordance
memiliki komitmen untuk Brothers is committed to dengan prosedur yang digariskan Perseroan. Jajaran with the procedures specified by the Company. The Board
terus menerus mengadakan making continuous Direksi mengharapkan agar para karyawan melaporkan of Directors expect employees to bring their finding to, or
perbaikan dalam pengelolaan improvement in the kepada mereka, atau kepada manajemen senior, apabila to senior management, any breach or suspected breach of
dampak lingkungan dan management of our ada pelanggaran atau dugaan pelanggaran prinsip ini. these principles.
mendukung sasaran jangka environmental impact and
panjang untuk mengembangkan to the longer-term goal of AKUNTABILITAS DAN PENGAWASAN ACCOUNTABILITY AND SUPERVISION
suatu usaha yang langgeng. developing a sustainable Kegiatan Perseroan sehari-hari dipimpin Direksi dengan The Company activities in its day-to-day business is lead
Pan Brothers akan bekerja sama business. Pan Brothers will dukungan badan-badan lain termasuk Komite Audit. by the Board of Directors, supported by various other
dalam kemitraan dengan pihak work in partnership with Direksi bertanggung jawab kepada Dewan Komisaris, yang bodies including the Audit Committee. The Board of
lain untuk menggalakkan others to promote berperan sebagai badan pengawasan dan pemantauan Directors reports to the Board of Commissioners, which
kepedulian lingkungan, environmental care, yang independen sekaligus memberikan masukan kepada acts as an independent supervisory and monitoring body
meningkatkan pemahaman akan masalah lingkungan dan increase understanding of environmental issues and Direksi. Sedangkan Dewan Komisaris bertanggung jawab and who gives inputs to the Directors. The Board of
menyebarluaskan budaya karya yang baik. Kami senantiasa disseminate good practice. We are always looking for ways kepada pemegang saham. Badan-badan ini bekerjasama Commissioners in its turn reports to shareholders. These
berupaya untuk menyempurnakan cara kami mengatasi to improve the way we manage our environtmental impacts untuk mengendalikan risiko, menjalankan pengawasan, bodies work together to control risk, maintain supervision,
dampak lingkungan, sejalan dengan tujuan jangka panjang parallel to our longer term goal of developing a sustainable dan menjaga akuntabilitas dalam Perseroan. and preserve accountability within the Company.
untuk mengembangkan bisnis yang berkelanjutan. business.
KOMISARIS BOARD OF COMMISSIONERS
Integritas Usaha. Pan Brothers tidak menerima ataupun Business Integrity. Pan Brothers does not give or Uraian pelaksanaan tugas dan tanggung jawab Komisaris The duty and responsibility of the Commissioner
memberi, entah secara langsung atau tidak langsung, suapan receive, whether directly or indirectly, bribes or other Dewan Komisaris memantau dan mengawasi kebijakan The Board of Commissioners oversees and supervises the
atau keuntungan lainnya yang tidak pantas demi keuntungan improper advantages for business or financial gain. No Direksi dalam menjalankan Perseroan. Dewan Komisaris Board of Directors in managing the Company. The Board of
usaha atau keuangan. Tidak satupun karyawan yang boleh employee may offer, give or receive any gift or payment menerima laporan berkala dari Direksi dan komite lain Commissioners receives regular reports from the Board of
menawarkan, memberi ataupun menerima hadiah atau which is, or may be constructed as being , a bribe. Any yang terkait, memberikan nasihat terhadap masalah Directors and other relevant committes, and advices on
pembayaran yang merupakan, atau dapat diartikan sebagai demand for, or offer of a bribe must be rejected yang relevan seperti diatur dalam Anggaran Dasar relevant matters as set out in the Articles of Association of
sarana suap. Setiap tuntutan, atau penawaran suap ditolak immediately and reported to management. No Perseroan. the Company.
langsung dan dilaporkan kepada manajemen. Tidak ada undisclosed or unrecorded account, fund or asset will be
transaksi dana atau aset yang disembunyikan atau tidak established or maintained. Peran Komisaris dalam mendukung The Commissioner has a vital role in
dicatat, semuanya akan dicatat serta dibukukan. terciptanya GCG sangat penting. supporting the formation of GCG. The
Komisaris memberikan inisiatif dan Commissioner gives intiatives and strategic
Benturan Kepentingan. Semua karyawan Pan Brothers Conflicts of Interests. All Pan Brothers employees are arahan kebijakan strategis, melakukan policy directives, supervising and
diharapkan menghindari diri dari kegiatan pribadi dan expected to avoid personal activities and financial pengawasan dan memonitor jalannya monitoring Company activities and
kepentingan keuangan yang dapat bertentangan dengan interests which could conflict with their responsibilities Perseroan, serta memberikan nasihat providing business advice.
tanggung jawab mereka terhadap perusahaan. Para to the company. Pan Brothers employees must not seek bisnis.
karyawan Pan Brothers tidak dibenarkan mencari gain for themselves or others through misuse of their
keuntungan bagi dirinya sendiri atau bagi orang lain positions. Inisiatif dan arahan strategis dilakukan Initiatives and strategies are implemented
melalui penyalahgunaan kedudukan mereka. sebagai awal proses penetapan Rencana to mark the beginning of the
Kerja. Arahan strategis mencakup rencana acknowledgement process of the Companys
Kepatuhan-Pemantauan-Pelaporan. Kepatuhan terhadap Compliance-Monitoring-Reporting. Compliance with peningkatan penjualan dan perbaikan Work Plan. The strategic direction includes a
prinsip-prinsip ini merupakan unsur utama dalam meraih these principles is an essential element in our business posisi keuangan Perseroan melalui sales enhancement plan and improvement
keberhasilan usaha kami. Jajaran Direksi Pan Brothers success. Pan Brothers Board of Directors is responsible for peningkatan kinerja, dengan cara of the Companys financial position through
bertanggung jawab agar prinsip ini dikomunikasikan, ensuring these principles are communicated to, and optimalisasi dan peningkatan improvement of performance, by
dipahami, dan dipatuhi oleh seluruh karyawan. Tanggung understood and observed by, all employees. Day to day kapasitas produksi dan pemasaran. optimizing and increasing production
jawab harian didelegasikan kepada semua manajemen responsibility is delegated to all senior management of capacity, and marketing.
senior di departemen masing-masing. Mereka bertanggung each department. They are responsible for implementing
jawab menerapkan prinsip ini, bila perlu melalui these principles, if necessary through more detailed Proses pengawasan dan monitoring Supervisory duties and monitoring are
pengarahan yang lebih rinci, yang disesuaikan dengan guidance to condition and regulation. Assurance of dilakukan melalui evaluasi carried out through operational report
keperluan setempat. Jaminan kepatuhan dipantau setiap compliance is given and monitored each year. Compliance laporan operasional, evaluation, discussion with audit
tahun. Kepatuhan terhadap prinsip usaha ini didukung with the code is subject to review by the Board of Directors mendiskusikan dengan komite committee and by comprehensive
dengan penelaahan dari Dewan Komisaris dan Direksi yang supported by the Audit Committee and all executives. audit, dan dilanjutkan dengan discussion with the Company Director.
dibantu oleh Komite Audit beserta semua eksekutif. membahas secara komprehensif bersama Direksi Perseroan.
40 laporan tahunan annual report 2013
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Tata Kelola Perusahaan Yang Baik
Good Corporate Governance
Tata Kelola Perusahaan Yang Baik
Good Corporate Governance
laporan tahunan annual report 2013
PT. Pan Brothers Tbk. 41

Komisaris juga melakukan pengawasan dengan memberi The Commissioner supervises by giving special Kehadiran Dalam Rapat Komisaris 2013 Attendance at Board of Commissioners Meeting 2013
penugasan khusus kepada komite audit terkait dengan assignments to the related audit committee based on Rapat Komisaris 2013 dilakukan sebanyak 4 (empat) kali Board of Commissioners Meetings 2013 were held 4
masalah yang memerlukan perhatian. specific issues that require particular attention. dengan tingkat kehadiran antara 67 persen sampai dengan (four) times with attendance between 67 to 100 in
100 persen. percentages.
Sejalan dengan tugas dan kewajibannya Komisaris In line with their duties and responsibilities the Board of
Perseroan dari waktu ke waktu mengikuti berbagai Commissioners from time to time include in some kinds of DIREKSI BOARD OF DIRECTORS
pelatihan dan seminar baik di Indonesia dan luar negeri. trainings and seminars in Indonesia and abroad. Uraian pelaksanaan tugas dan tanggung jawab Direksi The duty and responsibility of the Director
Tugas utama Direksi adalah memimpin dan mengelola The main duties of the Board of Directors are to lead and
Komposisi Composition Perseroan sesuai dengan tujuan Perseroan dan manage the Company, and to utilise, maintain and manage
Dewan komisaris terdiri dari setidak-tidaknya tiga orang The Board of Commissioners consists of a minimum of memanfaatkan, memelihara, dan mengelola aset Perseroan the assets of the Company, in accordance with the
anggota yaitu seorang Komisaris Utama dan dua orang three members, comprising one President Commissioner demi kepentingan usaha Perseroan. Selain itu Direksi juga objectives of the Company. The Board of Directors are also
Komisaris atau lebih. and two Commissioners or more. bertanggung jawab terhadap pengembangan perusahaan responsible for the overall expansion of the Company and
dan senantiasa berusaha meningkatkan efisiensi dan continuously strive to improve efficiency and
Pada tanggal 31 Desember 2013, ada tiga anggota Dewan As of 31st December 2013, The Board of Commissioners efektifitas Perseroan. Direksi bertanggung jawab kepada effectiveness. The Board of Directors is accountable to the
Komisaris termasuk di dalamnya satu komisaris consisted of three members including one independent Dewan Komisaris. Board of Commissioners.
independen, yaitu : commissioner, as follows:
Setelah terpilih, Direksi mendapat penjelasan terperinci Upon election, the Directors receive a comprehensive brief
No. Nama | Name Jabatan | Position mengenai tanggung jawab mereka. Direksi diharapkan on their responsibilities. Directors are expected to
1. Supandi Widi Siswanto Komisaris Utama President Commissioner (Independent) untuk terus menerus mengembangkan diri dan keahlian continue to develop themselves and their skills in service
2. Dhanny Cahyadi Wakil Komisaris Utama Vice President Commissioner mereka demi Perseroan. Sejalan dengan tugas dan of the Company. In line with their duties and
3. Sutjipto Budiman Komisaris Independen Independent Commissioner kewajibannya Direksi Perseroan dari waktu ke waktu responsibilities the Board of Directors from time to time
mengikuti berbagai pelatihan dan seminar baik di include in some kinds of trainings and seminars in
Ketentuan Keanggotaan: Anggota Dewan Komisaris Members: Members of the Board of Commissioners are Indonesia dan luar negeri terkait usaha Perseroan, tata Indonesia and abroad on the related matters to Company
dinominasi oleh Komite Nominasi yang terdiri dari nominated by the Nomination Committee consist of kelola perusahaan dan strategi kepemimpinan. business, corporate governance and leadership strategy.
Komisaris dan Direksi. Anggota Dewan Komisaris diangkat Commissioners and Directors. Members of the Board of
oleh Pemegang Saham pada RUPST, sejak tanggal Commissioners appointed by shareholders at the Annual Direksi mewakili Perseroan di dalam maupun di luar The Board of Directors represent the Company in and out
ditetapkan pada Rapat Umum Pemegang Saham Tahunan General Meeting of Shareholders (AGMS), to take up their pengadilan berkaitan dengan semua hal dan permasalahan, Courts of Justice concerning all matter and affairs, to bind
(RUPST) sampai ditutupnya RUPST yang ke lima, setelah mandate on the date resolved at AGMS until the closing of yang mengikat pihak Perseroan dengan pihak lain dan the Company to other parties and other parties to the
diangkatnya para Komisaris yang bersangkutan. Dalam hal the fifth AGMS following the appointment of the sebaliknya, dan untuk melaksanakan tugas baik menyangkut Company, and to perform all actions, both pertaining to
terjadi penggantian anggota Dewan Komisaris sebelum Commissioners concerned. In event of substitution prior to manajemen maupun permasalahan lain selama masih dalam the management as well as other affairs.
berakhirnya masa jabatan, anggota Dewan Komisaris yang the end of term of finish, the new member of the Board of batas-batas Anggaran Dasar Perseroan.
baru akan melanjutkan masa jabatan Anggota Commissioners will serve for the remaining term of
Dewan Komisaris yang digantikannya. the Commissioner who is substituted. Komposisi Composition
Direksi terdiri dari setidak-tidaknya tiga orang anggota yaitu The Board of Directors consists of a minimum of three members,
Rapat: Rapat Dewan Komisaris dapat Meeting: Meetings of the Board of seorang Direktur Utama dan dua orang Direktur atau lebih. comprising one President Director and two Directors or more.
diadakan setiap waktu sesuai dengan Commissioners may be held at any time
ketentuan yang diatur di dalam in accordance with Articles of Association. Pada tanggal 31 Desember 2013, ada enam anggota As of 31st December 2013, The Board of Directors
Anggaran Dasar Perseroan. Di dalam In practical the Board of Commissioners Direksi, yaitu : consisted of six members, as follows:
prakteknya Dewan Komisaris dapat may hold Board of Commissioners Meeting
mengadakan Rapat Dewan Komisaris secara periodically. Notice of a Meeting must be sent No. Nama | Name Jabatan | Position
berkala. Panggilan rapat harus dikirimkan to all members of the Board of Commissioners 1. Ludijanto Setijo Direktur Utama President Director
kepada setiap anggota dengan mencantumkan stating the agenda, date, time, and place of the 2. Anne Patricia Sutanto Wakil Direktur Utama Vice President Director
acara, tanggal, waktu, dan tempat rapat Meeting. The Meeting of the Board of 3. Fitri Ratnasari Hartono Direktur Director (Non Affiliated)
Dewan Komisaris. Rapat Dewan Komisaris Commissioners is convened at the domicile of 4. Lilik Setijo Direktur Director
dilakukan di tempat kedudukan Perseroan the Company or at the place where the Company
5. Murali Krishnan Ramakrishna Pillai Direktur Director (Non Affiliated)
atau di tempat kegiatan usaha di wilayah conducts its business activities within
6. Hwang Sei Wook (Michael Hwang) Direktur Director (Non Affiliated)
Republik Indonesia. territory of the Republic of Indonesia.
Direksi Perseroan terdiri dari seorang Direktur Utama, The Companys Board of Directors consist of a President
Remunerasi: Dewan Komisaris berhak mendapatkan honorarium Remuneration: The Board of Commissioners is entitled to seorang Wakil Direktur Utama dan 4 (empat) Direktur. Director, a Vice President Director and 4 (four) Directors.
sesuai dengan beban tanggung jawab, pengalaman dan honorarium commensurate with their responsibilities,
keahlian kerja yang mereka bawa ke Perseroan. experience and knowledge that they bring to the Company.
42 laporan tahunan annual report 2013
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Tata Kelola Perusahaan Yang Baik
Good Corporate Governance
Tata Kelola Perusahaan Yang Baik
Good Corporate Governance
laporan tahunan annual report 2013
PT. Pan Brothers Tbk. 43

Remunerasi: Direksi berhak mendapatkan honorarium Remuneration: The Board of Directors is entitled to
sesuai dengan beban tanggung jawab, pengalaman dan honorarium commensurate with their responsibilities,
keahlian kerja yang mereka bawa ke Perseroan. experience and knowledge that they bring to the Company.

Kehadiran Dalam Rapat Direksi 2013 Attendance at Board of Directors Meeting 2013
Rapat Direksi 2013 dilakukan sebanyak 24 Board of Directors Meetings 2013 were held 24 (twenty
(duapuluhempat) kali dengan tingkat kehadiran antara 80 four) times with attendance between 80 to 100 in
persen sampai dengan 100 persen. percentages.

Komunikasi Komisaris dan Direksi Communication Between Board of Commissioners and Directors
Komunikasi antara Komisaris dan Direksi dilakukan melalui Communication between the Board of Commissioners and
Rapat Gabungan yang rutin dilakukan setiap bulan. Rapat Directors is performed through regular joint meetings that
Gabungan antara lain membicarakan kinerja Perseroan are held every month. The Joint Monthly meeting discusses,
bulan sebelumnya, rencana Direksi bulan mendatang, among others things, companys performance for the
serta isu-isu strategis yang meminta persetujuan previous month, the Directors plan for the following
Komisaris atau yang harus dilaporkan oleh month and important issues that need the
Direktur Administrasi bertanggung jawab atas bidang: The Administration Director is responsible for: Direksi. Rapat Gabungan Bulanan selalu approval of the Board of Commissioners
administrasi; akuntansi; audit internal; komunikasi; hukum administration issues; accountancy; internal audits; mengikutsertakan Komisaris Utama, or that must be reported by
dan manajemen resiko. communication; legal and risk management. Direktur Utama dan Direktur Directors. The Joint Monthly
Administrasi dan Keuangan. meetings always include the
Direktur Keuangan dan Teknologi Informasi bertanggung The Treasury and Information Technology Director is President Commissioner, President
jawab atas bidang: keuangan, sistem informasi dan responsible for: treasury issues, information technology Rapat Gabungan Bulanan Director and Administration
pengembangan sistem informasi. and information technology development. dalam tahun 2013 dilakukan and Finance Director.
sebanyak 12 (dua belas) kali
Direktur Sumber Daya Manusia (SDM) bertanggung jawab The Human Resources and Manpower Director (HRM) is dengan tingkat kehadiran The Joint Monthly meetings
atas bidang: pengembangan SDM; pengembangan organisasi; responsible for: personnel development; organization development; antara 67 persen sampai in year 2013 held 12 (twelve)
pelatihan; pengembangan integritas; dan umum. training; quality integrity development; and general affairs. dengan 90 persen. times with attendance
between 67 to 90 in percentages.
Direktur Operasional bertanggung jawab atas bidang: The Operational Director is responsible for: Marketing
Pemasaran (penjualan dan pengembangan pemasaran); (sales and marketing development); Purchasing; Production; Komite Nominasi dan Nomination and Remuneration
Pembelian; Produksi; Quality Assurance; Shipping; Quality Assurance; Shipping; Inventory / Warehousing; Remunerasi Committee
Persediaan / Gudang; Pengembangan dan Kepatuhan. Development and Compliance. Fungsi dari Komite The function of the Remuneration
Remunerasi adalah menelaah Committee is to review and structure
Ketentuan Keanggotaan: Anggota Direksi dinominasi oleh Members: Members of the Board of Directors are nominated dan menstruktur rekomendasi the remuneration package
Komite Nominasi yang terdiri dari Komisaris dan Direksi. by the Nomination Committee consist of Commissioners paket remunerasi Dewan recommendations for the Board of
Anggota Direksi diangkat oleh Pemegang Saham pada and Directors. Members of the Board of Directors Komisaris dan Direksi sesuai Commissioners and Board of Directors
Rapat Umum Pemegang Saham Tahunan (RUPST), sejak appointed by shareholders at the Annual General Meeting dengan hak dan tanggung jawab mereka, as appropriate to their rights and
tanggal ditetapkan pada RUPST sampai ditutupnya RUPST of Shareholders (AGMS), to take up their mandate on the dan menyampaikan rekomendasi itu ke Pemegang Saham responsiblities, and provide those recommendations to the
yang ke lima, setelah diangkatnya para Direksi yang date resolved at AGMS until the closing of the fifth AGMS untuk disahkan dalam Rapat Umum Pemegang Saham Shareholders for appoval at the Annual General Meeting of
bersangkutan. Dalam hal terjadi penggantian anggota following the appointment of the Directors concerned. In Tahunan (RUPST). Shareholders (AGMS).
Direksi sebelum berakhirnya masa jabatan, anggota Direksi event of substitution prior to the end of term of finish, the
yang baru akan melanjutkan masa jabatan Anggota Direksi new member of the Board of Directors will serve for the Komite Nominasi bertanggung jawab untuk perencanaan The Nomination Committee is responsible for succession
yang digantikannya. remaining term of the Directors who is substituted. pencalonan serta memberikan masukan tentang calon yang planning and for proposing candidates for membership to
akan diusulkan sebagai anggota Dewan Komisaris, anggota the Board of Commissioners, Board of Directors, and / or
Rapat: Direksi mengadakan rapat setidaknya satu kali Meeting: The Board of Directors meet at least once a month Direksi, dan / atau anggota berbagai Komite lainnya yang various other Committees that are subject to the
setiap bulan dan setiap waktu bilamana dipandang perlu. and at any time deemed necessary. Notice of a Meeting must berada di bawah kepengawasan Komite Nominasi. Nomination Committees oversight.
Panggilan rapat harus dikirimkan kepada setiap anggota be sent to all members of the Board of Directors stating the
dengan mencantumkan acara, tanggal, waktu, dan tempat agenda, date, time, and place of the Meeting. The Meeting Komite Nominasi dan Remunerasi dipegang secara The Nomination and Remuneration Committee is handling
rapat. Rapat harus diadakan di tempat kedudukan of the Board of Directors is convened at the domicile of the bersama-sama oleh Dewan Komisaris dan Direksi. by the Board of Commissioners and Board of Directors
Perseroan atau di tempat kegiatan usaha di wilayah Company or at the place where the Company conducts its accordingly.
Republik Indonesia. business activities within territory of the Republic of Indonesia.
44 laporan tahunan annual report 2013
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Good Corporate Governance
Tata Kelola Perusahaan Yang Baik
Good Corporate Governance
laporan tahunan annual report 2013
PT. Pan Brothers Tbk. 45

Remunerasi Komisaris dan Direksi 2013 transaksi saat ini dan di on the present and future transaction risk, internal
Remunerasi Komisaris dan Direksi untuk tahun 2013 telah masa mendatang, aktivitas audit activities are mainly concerned with overcoming
ditetapkan anggarannya melalui Rapat Umum Pemegang audit internal lebih banyak obstacles and possible deviation that sometimes occurs
Saham Tahunan tanggal 31 Mei 2013. Anggaran pada penanganan hambatan during the process of achieving Companys objectives
Remunerasi untuk Komisaris, Direksi dan Komite Audit dan penyimpangan yang and targets.
berjumlah mencapai Rp. 12 miliar. mungkin terjadi dalam
pencapaian tujuan dan The function of Internal Audit Unit is to give useful advice
FUNGSI AUDIT target Perseroan. to management, for understanding risk management by
Dalam rangka memastikan kepatuhan perusahaan dengan proposing results of detailed analysis, giving alternative
semua peraturan yang berlaku sesuai dengan prinsip tata kelola Fungsi dari Unit Audit solutions for difficulties faced and recommending and
perusahaan, Pan Brothers melaksanakan audit internal Internal itu sendiri providing advice. In carrying an internal audit function,
maupun eksternal di bawah pengawasan Komite Audit. Remuneration for Members of Board of Commissioners adalah memberikan upheld independency in performing audit and avoiding any
and Directors 2013 masukan kepada conflict of interest.
Unit Audit Internal Remuneration for the Board of Commissioners and manajemen yang
Unit Audit Internal dipimpin oleh Audit Manager, dibantu Directors in 2013 budget agreed during the Annual General bersifat konstruktif As a general outline, the Program perform by Internal
oleh beberapa auditor internal dan diatur dengan Piagam Shareholders Meeting held on May 31, 2013. The dalam kerangka Audit include all the function in the Company and
Audit Internal. Piagam tersebut menjelaskan struktur Unit Remuneration for the Board of Commissioners, Directors pemahaman manajemen risiko dengan menyajikan subsidiary.
Audit Internal, kewajiban, dan tanggung jawab auditor and Audit Committes amounting to Rp. 12 billion. hasil-hasil analisis, memberikan alternatif pemecahan atas
internal dan semua anggota Unit Audit Internal. permasalahan dan merekomendasikan serta memberikan saran The Internal Audit of Company head by Gunawan Nursalim,
AUDIT FUNCTIONS perbaikan. Dalam menjalankan fungsi audit internal, sikap borned in Jakarta May 5th 1964, graduated from Faculty of
Ketua Unit Audit Internal ditunjuk oleh Direksi dan In order to ensure compliance with existing regulations in independensi tetap diutamakan selama melaksanakan Economic majoring in Acountancy from Tarumanegara
disetujui oleh Dewan Komisaris, bertanggung jawab line with our general principles of good corporate audit dan menghindari terjadinya benturan kepentingan. University in 1989, with experience background in Public
langsung kepada Direktur Utama dan Wakil Direktur Utama, governance, Pan Brothers implements both internal and Accountant and others. Joined with the Company since
meskipun secara struktur berada di bawah supervisi external audits under the oversight of an Audit Committee. Secara garis besar, Program Kerja Unit Audit Internal yang 2006 as Chief of Internal Audit.
Direktur Administrasi dan Keuangan. Dalam rangka dilakukan adalah mencakup semua fungsi di Perseroan dan
mendukung independensi dan menjamin kelancaran Internal Audit Unit anak perusahaan. In the year 2013, there are no significant findings as the
aktivitas serta wewenang dalam memantau tindak lanjut, The Internal Audit Unit is lead by the Audit Manager assisted results of internal audit, to strengthen the internal
maka Internal Audit dapat berkomunikasi langsung dan by a number of internal auditors, and governed by the Internal Audit Perusahaan saat ini dipimpin oleh Gunawan controls some application and procedures of internal
bermitra dengan Komite Audit. Internal Audit Charter. The Charter specifies the structure Nursalim, lahir di Jakarta 5 Mei 1964, lulus dari Fakultas controls are improved.
of the Internal Audit Unit, duties, and responsibilities of Ekonomi Jurusan Akuntansi Tarumanegara tahun 1989,
Berjalannya Sistem Pengendalian Internal (Internal internal auditors, and all members of the Internal Audit. dengan pengalaman kerja antara lain di Kantor Akuntan Independent External Auditor
Kontrol) dalam Perseroan secara efektif dan pengendalian Publik dan Perusahaan lain. Bergabung sebagai Kepala An Independent External
risiko yang memadai serta GCG merupakan tujuan utama The Head of the Internal Audit Unit is appointed by the Internal Audit Perseroan sejak tahun 2006. Auditor is appointed by the
dari Unit Audit Internal. Board of Directors and approved by the Board of Annual General Meeting of
Commissioners, and reports directly to the President Dalam tahun 2013, tidak ada hal signifikan yang Shareholders based on the
Unit Audit Internal memberikan jaminan atas efektifitas Director of the Company and Vice President Director ditemukan sebagai hasil audit, untuk memperkuat recommendation from the Board
dan efisiensi operasi, ketaatan terhadap aturan dan although in organizational structure under supervision of pengendalian internal telah dilakukan perbaikan terhadap of Commissioners and the Audit
perundang-undangan serta ketepatan dan keandalan Administration and Finance Director. In supporting beberapa aplikasi dan prosedur pengendalian intern. Committee. The appointed
pelaporan keuangan. Dengan memfokuskan pada risiko independency and to guarantee continuity of activities and Independent External Auditor
the authority of monitoring the follow-up, the Internal Auditor Eksternal (Akuntan Publik) must not be under the control of
Audit can communicate directly and as a partner with Auditor Eksternal ditunjuk oleh Rapat Umum Pemegang the Board of Commissioners, Board
Audit Committee. Saham Tahunan berdasarkan rekomendasi dari Komisaris of Directors or other involved
dan Komite Audit. Auditor Eksternal yang ditunjuk tidak parties in any form.
The effective Internal Control System in the Company and boleh berada di bawah kendali Komisaris, Direksi atau
appropriate risk control including GCG are the main pihak-pihak berkepentingan lainnya dalam bentuk apapun. The appointed Independent
objective of Internal Audit. External Auditor is obliged to state
Auditor Eksternal yang ditunjuk bertanggung jawab untuk opinions on the audited financial
Internal Audit Unit provides assurance on effective and menyampaikan opininya atas ketaatan laporan keuangan statements to ensure compliance
efficient operations, compliance with regulations and law, yang diaudit terhadap standar laporan keuangan yang with current financial reporting
and accuracy and reliable financial reporting. By focusing berlaku. standards.
46 laporan tahunan annual report 2013
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Tata Kelola Perusahaan Yang Baik
Good Corporate Governance
Tata Kelola Perusahaan Yang Baik
Good Corporate Governance
laporan tahunan annual report 2013
PT. Pan Brothers Tbk. 47

Berdasarkan mandat Rapat Umum Pemegang Saham Based on mandat of the Annual General Meeting of
Tahunan tanggal 31 Mei 2013 Direksi berdasarkan Shareholders held on May 31st 2013 Directors by approval
persetujuan Dewan Komisaris menunjuk Kantor Akuntan from Board of Commissioners agreed to appoint the
Publik Doli, Bambang, Sulistiyanto, Dadang & Ali. (An Accounting Firms Doli, Bambang, Sulistiyanto, Dadang &
independent member of BKR International), sebagai Ali. (An independent member of BKR International), as the
Auditor Eksternal Perseroan. Tugas Auditor Eksternal Company Independent External Auditor. The task of the
adalah memeriksa dan menyatakan opininya atas Laporan Independent External Auditor is to audit and provide an
Keuangan Perseroan yang berakhir pada tanggal 31 opinion on the Companys financial statements for the year
Desember 2013. ended December 31, 2013.

Dalam menjalankan tugasnya, Auditor Eksternal When performing its tasks, the Independent External
menyatakan tidak terjadi benturan kepentingan dalam Auditor certifies that there is no conflict of interest in the
pelaksanaan audit. audit work.

KOMITE AUDIT DAN LAPORAN KOMITE AUDIT THE AUDIT COMMITTEES AND AUDIT COMMITTEE REPORT
Komite Audit The Audit Committee Peran penting Komite Audit The essential roles of Audit Committee
Melakukan telaah atas informasi keuangan yang akan To perform analysis upon financial information prior to
Peran Komite Audit adalah untuk membantu Dewan The role of the Audit Committee is to assist the Board of
Komisaris dalam memenuhi tanggung jawab kepengawasan Commissioners in fullfiling their oversight responsibilities dipublikasikan. Telaah dilakukan dengan cara berkoordinasi publishing. The analysis is performed by coordination
sehubungan dengan integritas laporan keuangan; with regard to the integrity financial statements; risk dengan Audit Internal Perseroan dan komunikasi dengan with the Companys Internal Audit and communication
manajemen resiko dan pengendalian internal; kepatuhan management and internal control; compliance with legal Auditor Independen tentang perlakuan akuntansi with Independent Auditor on the accounting treatment
kepada hukum dan peraturan; kinerja, kualifikasi, dan and requirements; the external auditors performance, akun-akun yang signifikan dan material. of significant and material accounts.
indepedensi akuntan publik; serta kinerja fungsi audit qualifications and independence; and the implementation
Berperan aktif dalam proses penunjukkan Auditor To be actively involved in Independent Auditor
internal. of the internal audit function.
Independen melalui penetapan persyaratan kualitas, appointment process through the establishment of
Dalam melaksanakan tugasnya, Komite Audit dibantu oleh In carrying out its duties, the Audit Committee is perencanaan dan waktu penyelesaian audit oleh Auditor selection criteria of Quality, Planning and Audit
Unit Audit Internal dan Akuntan Publik. supported by Internal Audit and External Auditor. Independen. completion by an Independent Auditor.

Melakukan evaluasi terhadap efektivitas mekanisme Evaluatethe effectiveness of internal control mechanism
Tugas pokok dari Komite Audit adalah memberikan The main duties of the Audit Committee is to give an
pendapat profesional yang independen terhadap laporan independent professional opinion to the BOC regarding pengendalian intern, dengan melakukan pemeriksaan through reviewing the scope of the internal audit
keuangan atau hal-hal yang disampaikan oleh the reports and other information submitted by atas cakupan program audit internal, memeriksa program, assessing the implementation of audit program
Direksi kepada Komisaris, serta mengidentifikasi the BOD and to identify issues that may need pelaksanaan program audit dan evaluasi atas laporan and evaluation of the reports on internal audit activities
hal-hal yang memerlukan perhatian the attention of the BOC. kegiatan audit internal. during the year.
Komisaris.
Memberikan pengarahan terhadap audit internal dan Provideguidance to the internal audit and accounting
The Audit Committee is guided
Dalam melaksanakan tugasnya, by Government regulation bagian akuntansi untuk lebih meningkatkan kompetensi function to enhance the competency of personnel to
Komite Audit berpedoman pada regarding Limited Liability personil sehingga meningkatkan pengendalian intern increase the internal control of the Company.
Undang-Undang tentang Enterprises and the Decree of Perseroan.
Perseroan Terbatas, dan Bapepam-LK number
Melaksanakan tugas khusus yang ditetapkan oleh Komisaris Undertaking special duties as decreed by the
Keputusan Ketua Bapepam LK Kep-643/BL/2012,
nomor Kep-643/BL/2012 Regulation number IX.1.5 dengan cara berkoordinasi dengan audit internal. Commissioner by coordinating with internal audit.
Kep-6. Tanggal 7 Desember on the Guidance for the
Melakukan penelaahan terhadap laporan Perseroan, Review reports of the Company, to ensure that the reports
2012, Peraturan nomor IX.1.5 foundation and work
tentang Pembentukan dan implementation of the Audit untuk meyakinkan laporan tersebut sesuai dengan have been prepared according to the prevailing
Pedoman Pelaksanaan Kerja Committee. Moreover, the standar dan kebijakan akuntansi yang berlaku, konsisten accounting standards and policies, consistent with other
Komite Audit. Selain itu, Audit Committees role is also dengan informasi lainnya, dan disampaikan kepada Bursa information, and delivered to the Indonesia Stock
pelaksanaan tugas Komite regulated by the Audit Efek Indonesia sesuai peraturan yang berlaku. Exchange in full compliance with prevailing regulations.
Audit juga diatur dalam Committee Charter that has
Menelaah ketaatan terhadap peraturan pasar modal dan Reviewthe compliance with the capital market and the
Komite Audit Charter yang been approved by the Board
disetujui oleh Komisaris dan of Commissioners and the Bursa Efek Indonesia, untuk meyakinkan bahwa Indonesia Stock Exchanges rules and regulations, to
Direksi. Board of Directors. Perseroan konsisten memenuhi ketentuan-ketentuan make sure the Company has consistently complied to all
tersebut dengan baik. the above mentioned rules and regulations.
48 laporan tahunan annual report 2013
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Tata Kelola Perusahaan Yang Baik
Good Corporate Governance
laporan tahunan annual report 2013
PT. Pan Brothers Tbk. 49

Melakukan seleksi dan mengusulkan calon auditor


independen (Kantor Akuntan Publik) untuk audit umum
Selecting and recommending an independent auditor
(Public Accountant) candidate for general audit of the Laporan Komite Audit
atas laporan keuangan. financial statements. Audit Committee Report

Melakukan pertemuan dengan Akuntan Publik untuk Discuss with the Public Accountant, for the purpose of Kepada yang terhormat Kepada yang terhormat
mengevaluasi independensi dan objektifitas Akuntan reviewing the independence and the objectivity of the
Publik tersebut serta membahas kecukupan program Public Accountant and the adequacy of the audit Dewan Komisaris PT. PAN BROTHERS Tbk Board of Commissioners PT. PAN BROTHERS Tbk
pemeriksaan yang dilakukannya. Dari diskusi ini dapat program. From these discussions it was concluded, Jl. Siliwangi No. 178, Alam Jaya, Tangerang 15133. Jl. Siliwangi No. 178, Alam Jaya, Tangerang 15133.
disimpulkan antara lain bahwa independensi Akuntan among others, that the independence of the Public Indonesia Indonesia
Publik telah terjaga dengan baik. Accountant has been properly managed.
Hal : Laporan Komite Audit untuk tahun buku 2013 Re : Report of The Audit Committee for the book year 2013
Melakukan diskusi dengan Akuntan Publik tentang Discusswith the Public Accountant regarding to their
koreksi-koreksi dan rekomendasi yang diusulkan auditor recommendations on audit findings and subsequent Komite Audit Perusahaan yang saat ini menjabat terdiri The existing Companys Audit Committee comprises
sebagai hasil pemeriksaan atas laporan keuangan management letter, as a result of their audit of the atas tiga anggota, diketuai oleh Sutjipto Budiman, three members, chaired by Sutjipto Budiman, an
Perseroan. Companys financial statements. Komisaris Independen, anggota Komite Audit adalah independent commissioner, the other members are
Bunardy Limanto dan Toni Setioko. Bunardy Limanto and Toni Setioko.
Komite Audit terdiri dari setidak-tidaknya tiga orang The Audit Committee is composed of at least three members.
anggota. Anggota Komite ditunjuk oleh Dewan Komisaris The Audit Committee is apointed by the Board of Commissioners, Tugas pokok dari Komite Audit adalah memberikan The main duties of the Audit Committee is to give an
dan melapor langsung kepada Dewan Komisaris. and reports directly to the Board of Commissioners. pendapat profesional yang independen terhadap laporan independent professional opinion to the BOC regarding
keuangan atau hal-hal yang disampaikan oleh Direksi the financial reports and other information submitted
Berikut ini adalah anggota Komite Audit Perseroan untuk The following are the members of the Audit Committee of kepada Komisaris, serta mengidentifikasi dan menyoroti by the BOD and to identity and highlight issues which
tahun buku 2013: the Company for year book 2013: hal-hal yang memerlukan perhatian Komisaris. need attention from the BOC.

No. Nama | Name Jabatan | Position Sesuai ketentuan dalam Piagam Komite Audit, selama Pursuant to the Audit Committee Charter, the Audit
1. Sutjipto Budiman Ketua Komite Audit dan Komisaris Independen periode 2013, Komite Audit telah melakukan tugasnya, Committee, during the year2013 has carried out their
Chairman of Audit Committe and Independent Commissioner termasuk hal-hal berikut ini : duties, including the following activities:
2. Bunardy Limanto Anggota Komite Audit Member of the Audit Committee 1. Melakukan evaluasi terhadap efektivitas mekanisme 1. Evaluate the effectiveness of internal control mechanism
3. Toni Setioko Anggota Komite Audit Member of the Audit Committee pengendalian intern, dengan melakukan penelaahan through reviewing the scope of the internal audit
atas cakupan program audit internal, memeriksa program, assessing the implementation of audit
Rapat Komite Audit dihadiri secara rutin oleh Direktur Audit Committee meetings are regularly attended by the
pelaksanaan program audit dan evaluasi atas laporan program and evaluation of the reports on internal
Administrasi dan Keuangan, Divisi Keuangan, Divisi Administration and Finance Manager, Finance Division,
kegiatan audit internal. audit activities during the year.
Akuntansi, Manager Audit Internal dan Sekretaris Accounting Division, Internal Audit Manager and Corporate
Perusahaan. Secretary.
2. Menelaah pengendalian intern dan manajemen resiko 2. Review internal control and risk management to the
terhadap manajemen perusahaan dan anak perusahaan management of the company and its subsidiary
Manager Audit Internal memastikan agar komite audit Internal Audit Manager ensures that the committee is
melalui kecukupan program audit internal dan through internal audit program and code of business
memperoleh informasi yang dibutuhkan. Komite Audit supplied with all necessary information. The Audit
kepatuhan terhadap prinsip usaha. principles compliance.
memberikan informasi terkini kepada Dewan Komisaris Committee updates of the Board of Commissioners on all
tentang semua permasalahan penting secara rutin critical issues throughout the year.
3. Melakukan penelaahan terhadap pelaporan keuangan 3. Review financial reports of the Company, with the
sepanjang tahun.
Perseroan, dengan kesimpulan bahwa laporan tersebut conclusion that the financial reports have been
telah sesuai dengan standar dan kebijakan akuntansi prepared according to the prevailing accounting standards
Seluruh temuan, catatan dan rekomendasi dari hasil All finding, notification and recommendation as a result of
yang berlaku, konsisten dengan informasi lainnya, dan and policies, consistent with other information, and
pelaksanaan kegiatan, penelaahan dan analisa Komite the activities, studies and analysis by Audit Committee in
disampaikan kepada Bursa Efek Indonesia sesuai delivered to the Indonesia Stock Exchange in full
Audit selama tahun 2013 telah dikomunikasikan dan year 2013 already communicated and discussed with
peraturan yang berlaku. compliance with prevailing regulations.
didiskusikan dengan Manajemen Perusahaan serta telah Company Management and reported to the Board of
dilaporkan kepada Komisaris Perseroan untuk tindak lebih Commissioners to take action and follow up by the
4. Melakukan diskusi dengan legal internal tentang 4. Discuss with internal legal division to overview legal
lanjut dan penyempurnaan lebih lanjut dari Manajemen Management.
masalah hukum yang ada dan menelaah ketaatan aspect if any and review the compliance with the
perseroan.
terhadap peraturan pasar modal dan Bursa Efek capital market and the Indonesia Stock Exchanges
Indonesia, dengan kesimpulan bahwa Perseroan rules and regulations, with the conclusion that the
Rapat Komite Audit tahun buku 2013 dilakukan sebanyak Committee Audit Meetings in year book 2013 were held 10
konsisten memenuhi ketentuan-ketentuan tersebut Company has consistently complied to all the above
10 (sepuluh) kali dengan tingkat kehadiran 100 persen. (ten) times with attendance 100 in percentages.
dengan baik. mentioned rules and regulations.
50 laporan tahunan annual report 2013
PT. Pan Brothers Tbk.
Laporan Komite Audit
Audit Committee Report
laporan tahunan annual report 2013
PT. Pan Brothers Tbk. 51

Profile Komite Audit


Biography of Audit Committee
5. Melakukan pertemuan dengan Akuntan Publik untuk 5. Discuss with the Public Accountant, for the purpose SUTJIPTO BUDIMAN
mengevaluasi independensi dan objektifitas Akuntan of reviewing the independence and the objectivity of Komisaris Independen / Ketua Komite Audit
Independent Commissioner / Chairman of Audit Committee
Publik tersebut serta membahas kecukupan program the Public Accountant and the adequacy of the audit
Warga Negara Indonesia
audit yang dilakukannya. Dari diskusi-diskusi itu dapat program. From those discussions, it was concluded, Indonesian Citizen
disimpulkan antara lain bahwa independensi Akuntan among others, that the independency of the Public Lahir di Bandung tanggal 18 Nopember 1965
Publik telah terjaga dengan baik. Accountant has been properly managed. Born in Bandung on November 18th, 1965

Beliau menjabat selaku Komisaris Independen / Ketua Komite Audit Perseroan sejak 13 Mei
6. Melakukan diskusi dengan Akuntan Publik tentang 6. Discuss with the Public Accountant regarding to their 2011, sebelumnya beliau anggota Komite Audit Perseroan sejak 30 Agustus 2005.
rekomendasi atas temuan audit dan surat rekomendasi recommendations on audit findings and subsequent
Beliau seorang konsultan dengan latar belakang pendidikan Master of Science in Business
kepada manajemen dari Akuntan Publik atas hasil management letter, as a result of their audit of the Administration, Certified Internal Auditor dan Sarjana Akuntansi. Pengalaman kerja beliau
pemeriksaan terhadap laporan keuangan Perseroan Companys financial statements for the year 2013. antara lain dalam bidang konsultan keuangan, auditor dan konsultan ISO 9001 di berbagai
tahun 2013. sektor usaha termasuk perusahaan garment. Bergabung dengan Prasetio Sarwoko Sanjaya Ernst & Young (dahulu Prasetio Utomo
& Co Andersen) 1993 2004 dan Hanadi Sudjendro & Rekan-KPMG 1989-1991, saat ini beliau Direktur Widya Presisi Solusi yang
membidangi jasa Outsourcing Penggajian, Proses Bisnis dan Pelatihan.
Mr. Budiman was appointed Independent Commissioner/ Chairman of Audit Committee of the Company since May 13th, 2011,
Tangerang, 12 Maret 2014 | Tangerang, March 12th, 2014 previously Mr. Budiman was Companys Audit Committee member since August 30th, 2005.
Mr. Budiman is a consultant with education backgrounds : Master of Science in Business Administration, Certified Internal Auditor
Komite Audit PT. Pan Brothers Tbk. and B.A. in Accounting. Mr. Budiman has various experiences as financial consultant, auditor and ISO 9001 consultant at various
Audit Committee of PT Pan Brothers Tbk company including garment company . He joined Prasetio Sarwoko Sanjaya Ernst & Young (previously Prasetio Utomo & Co
Andersen) 1993 2004, Hanadi Sudjendro & Co KPMG 1989 -1991. Now he is a Director of Widya Presisi Solusi which assists
client in Payroll Outsourcing, Business Process and Training.

BUNARDY LIMANTO
Anggota Komite Audit
Sutjipto Budiman Audit Committee Member
Ketua Komite Audit Warga Negara Indonesia
Chairman of Audit Committee Indonesian Citizen
Lahir di Pangkal Pinang tanggal 24 September 1955
Born in Pangkal Pinang on September 24th, 1955

Ditunjuk selaku anggota Komite Audit Perseroan sejak 19 November 2008.


Beliau berlatar belakang pendidikan Sarjana Akuntansi dari Universitas Katolik Parahyangan,
Bandung, dan berpengalaman dalam bidang Internal Audit, Akuntansi dan Keuangan pada
beberapa perusahaan nasional maupun multinasional seperti Union Carbide, Indomobil,
Bunardy Limanto Toni Setioko Danmotors Vespa serta Henkel dengan jabatan terakhir sebagai Direktur Utama. Beliau juga
Anggota Komite Audit Anggota Komite Audit menjadi anggota beberapa organisasi antara lain: Indonesia Financial Executive Association (IFEA); American Management
Member of Audit Committee Member of Audit Committee Association (AMA); Ikatan Sarjana Ekonomi Indonesia (ISEI); Ikatan Akuntan Indonesia (IAI); Indonesian Institute for Corporate
Directorship (IICD); Indonesia-German Chamber of Commerce and Industry (Ekonid).
Mr. Limanto was appointed as Companys Audit Committee member since November 19th, 2008.
Mr. Limanto's education background was Doctorandus Degree in Accountancy at the Parahyangan Catholic University, Bandung,
and he has various experiences in the fields of Internal Audit, Accountancy and Finance with some of national and multinational
companies such as Union Carbide,Indomobil, Danmotors Vespa and Henkel with his latest position as President Director. He is
also members of various organizations, some of them are: Indonesia Financial Executive Association (IFEA); American
Management Association (AMA); Indonesian Economist Association (ISEI); Indonesian Institute of Accountant (IAI); Indonesian
Institute for Corporate Directorship (IICD); Indonesia-German Chamber of Commerce and Industry (Ekonid).
52 laporan tahunan annual report 2013
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Profile Komite Audit
Biography of Audit Committee
laporan tahunan annual report 2013
PT. Pan Brothers Tbk. 53

Keterbukaan Informasi
Transparancy
TONI SETIOKO SEKRETARIS PERUSAHAAN CORPORATE SECRETARY
Anggota Komite Audit Sekretaris Perusahaan ditunjuk dan dibentuk oleh Corporate Secretary shall be appointed and established by
Audit Committee Member
Perseroan sesuai dengan Keputusan Bapepam LK Nomor the Company in accordance with Bapepam LK Decision
Warga Negara Indonesia
Indonesian Citizen IX.1.4 tentang pembentukan Sekretaris Perusahaan. Number IX.1.4 concerning Corporate Secretary establishment.
Lahir di Flores Timur tanggal 03 Desember 1965
Born in Flores Timur on December 03rd, 1965 Dalam struktur organisasi Perseroan, Sekretaris Perusahaan In the Companys organization structure, the corporate
bertanggung jawab kepada Direktur Administrasi dan secretary reports to the Administration and Finance
Ditunjuk selaku anggota Komite Audit Perseroan sejak 13 Mei 2011.
Keuangan. Director.
Beliau berlatar belakang pendidikan Sarjana Akuntansi, dan memiliki Piagam Akuntan Register
Negara dan Sertifikat Konsultan Pajak tingkat C. Beliau berpengalaman dalam bidang Audit,
Akuntansi, Keuangan, Pasar Modal dan Perpajakan pada beberapa perusahaan, antara lain, PT. Secara umum tugas utama Sekretaris Perusahaan adalah In general, the main duty of Corporate Secretary shall be
Inti Salim Corpora, Prasetio Utomo & Co (Arthur Andersen) dan PT. Vickers Ballas Indonesia. sebagai berikut: as follows:
Saat ini beliau menjabat sebagai Principal Adviser dan Pemilik PT. Fides Pro Consulting. Sebagai Investor Relation, memberikan layanan kepada As Investor Relation, to give service to public and
Mr.Setioko was appointed as Companys Audit Committee member since May 13rd, 2011. masyarakat umum dan kalangan investor khususnya atas investor especially about financial information and
Mr. Setioko's educational background was Bachelor in Accounting, and holds a Registered Accountant Charter and a Certificate for informasi keuangan dan informasi lainnya tentang other information about performance and Companys
Tax Consultant level C. He has various experiences in the fields of Audit, Accountancy, Finance, Capital Market and Taxation with kinerja dan rencana Perseroan ke depan, dimana plan in the future, which such information must obtain
several companies, among others, PT. Inti Salim Corpora, Prasetio Utomo & Co (Arthur Andersen) and PT. Vickers Ballas Indonesia. informasi tersebut harus mendapatkan persetujuan dari prior approval of Board of Directors before being
Currently, he is the Principal Adviser and Shareholder of PT. Fides Pro Consulting. Direksi terlebih dahulu sebelum disebarluaskan. disseminated.

Sebagai Compliance Officer yang selalu mengikuti As Compliance Officer that always follows capital market
perkembangan pasar modal, khususnya menyangkut development, especially about regulations applied in
peraturan-peraturan yang berlaku di bidang pasar modal capital market as well as to give input to Board of
serta memberikan masukan kepada Direksi dan melakukan Directors and to coordinate with related department in
koordinasi dengan bagian terkait agar tetap mematuhi order to comply with such regulation in performing
segala peraturan tersebut dalam menjalankan operasional Companys operation.
Perseroan.

Sebagai Contact Person yang mewakili Perseroan sebagai A Contact Person that represents the Company as Issuer
Emiten dalam memberikan informasi yang telah in giving information that has been approved by the
disetujui oleh Direksi kepada OJK Bapepam LK, BEI, Board of Directors to OJK Bapepam LK, BEI, KSEI,
KSEI, Broker, Media Masa dan Pemegang Saham. Broker, Mass Media and Shareholders.

Membina hubungan dengan pihak-pihak pemerintah dan To keep relationship with the government and related
organisasi terkait yang sejalan dengan aktivitas Perseroan. organization in line with Companys activity.

Mempersiapkan pelaksanaan kegiatan RUPS, Public To prepare the General Meeting of Shareholders, Public
Expose maupun Corporate Action yang dilakukan Expose and Corporate Action that will be run by the
Perseroan. Company.

Sekretaris Perusahaan saat ini diketuai oleh Iswar Deni, The Corporate Secretary head by Iswar Deni,borned in
lahir di Bogor 9 Maret 1956, yang bergabung dengan Bogor, March 9th 1956, joined the Company since 1984
Perusahaan sejak 1984 dan ikut menangani pada saat and was involved in Initial Public Offering in year1990.
Penawaran Saham Perdana tahun 1990. Ditunjuk dengan Appointed as Corporate Secretary by Directors degree since
keputusan Direksi sebagai Sekretaris Perusahaan sejak 1 May 1st, 1996. Educational backgrounds are Bachelor of
Mei 1996. Latar belakang pendidikan adalah Bachelor of Business Administration, Master Business Administration,
Business Administration, Master Business Administration, Bachelor in Law and Magister in Law. Experiences
Sarjana Hukum dan Magister Hukum. Pengalaman kerja background in Accountancy, Finance and Human Resource
dalam bidang Akuntansi, Keuangan dan Sumber Daya Management in various companies.
Manusia pada beberapa perusahaan.
54 laporan tahunan annual report 2013
PT. Pan Brothers Tbk.
Keterbukaan Informasi
Transparancy
Keterbukaan Informasi
Transparancy
laporan tahunan annual report 2013
PT. Pan Brothers Tbk. 55

KEPATUHAN TERHADAP ANGGARAN DASAR SERTA PERATURAN COMPLIANCE TO ARTICLE OF ASSOCIATION AND REGULATIONS
Perusahaan senantiasa patuh terhadap Undang-Undang The Company conforms to the Indonesian Limited
Perseroan Terbatas Indonesia, serta berbagai peraturan Liabilities Company Law, and various Capital Market
dan ketentuan pasar modal. Melalui kepatuhan terhadap Regulations. By conforming to current laws and
undang-undang dan peraturan yang berlaku, Perusahaan regulations, the Company will be able to enhance GCG
akan dapat meningkatkan praktek GCG di seluruh aspek practice in all its operational aspects.
operasionalnya.

RAPAT UMUM PEMEGANG SAHAM (RUPS) GENERAL MEETING OF SHAREHOLDERS (GMS)


Untuk melindungi kepentingan pemegang saham, To protect the shareholders interest, the Company
Perusahaan memastikan bahwa RUPS Tahunan dan / atau ensures that Annual and/ or Extra Ordinary GMS to be
Luar Biasa diselenggarakan pada waktunya dan held on time and be prepared in accordance with Article
dipersiapkan sesuai ketentuan Pasal 21 Anggaran Dasar 21 of Article of Association and Bapepam Regulation
Perusahaan dan Peraturan Bapepam No. IX.1.1. No. IX.I.1.

BENTURAN KEPENTINGAN CONFLICT OF INTEREST


Untuk mencegah terjadinya benturan kepentingan sebagaimana To prevent conflict of interest as stipulated in Bapepam
diatur dalam Peraturan Bapepam No. IX.E.1 tentang Transaksi Regulation No. IX.E.1 regarding Related Parties
Afiliasi Dan Benturan Kepentingan Transaksi Tertentu, Transaction And Certain Conflict of Interest Transaction, pada penutupan perdagangan di Bursa Efek Indonesia close of trading on the Indonesia Stock Exchange has 11
Anggaran Dasar Perusahaan telah mengatur ketentuan the Companys Article of Association has regulated policies mempunyai 11 (sebelas) HMETD, dimana setiap 1 (satu) (eleven) HMETD, where every 1 (one) right entitles the
untuk mencegah terjadinya benturan kepentingan. to prevent conflict of interest. HMETD memberikan hak kepada pemegangnya untuk holder to purchase one (1) shares in the name of the
membeli 1 (satu) Saham Biasa Atas Nama yang harus ordinary must be paid in full upon submission of share
Sepanjang pengetahuan Perusahaan sampai dengan As far as the Company is aware up until the date of dibayar penuh pada saat mengajukan pemesanan subscription. All shares offered will be listed on the
diterbitkannya laporan tahunan ini, Perusahaan tidak memiliki publicity of this annual report, the Company did not pembelian saham. Seluruh saham yang ditawarkan akan Indonesia Stock Exchange. The Company already received
transaksi yang mengandung benturan kepentingan yang tidak have undeclared conflict of interest transaction. The dicatatkan pada Bursa Efek Indonesia. Perseroan telah the fund of Public Offering III was amount of Rp
diungkapkan. Transaksi terafiliasi dapat dilihat pada catatan transaction with related parties can be seen in the note memperoleh dana dari Penawaran Umum Terbatas III ini 1.018.017.881.700,- Right Issue III has received an
32 dari Laporan Keuangan Perseroan yang telah diaudit. 32 of Audited Financial Statements. adalah sebesar Rp 1.018.017.881.700,- PUT III telah Effective Letter of OJK No. S-444/D.04/2013 dated
mendapatkan Surat Efektif dari OJK No. S-444/D.04/2013 December 19, 2013 and was approved by RUPSLB by deed
TINDAKAN KORPORASI CORPORATE ACTION tanggal 19 Desember 2013 dan telah disetujui oleh No. 42 dated December 20, 2013 notary Fathiah Helmi, SH
Dalam bulan Januari 2014 Perseroan telah melakukan Penawaran In January 2014 the Company made a Right Issue III to RUPSLB dengan akta No. 42 tanggal 20 Desember 2013 in Jakarta.
Umum Terbatas III Kepada Para Pemegang Saham Dalam Rangka the shareholders in the context of publishing rights as notaris Fathiah Helmi, S.H di Jakarta.
Penerbitan HMETD sebanyak banyaknya 3.393.392.939 Saham much as 3,393,392,939 common shares with a nominal Dana yang diperoleh dari hasil penjualan saham melalui The proceeds from the sale of shares through a Right
Biasa Atas Nama dengan nilai nominal Rp 25,- setiap saham value of USD 25,- per share which offered at a price of Penawaran Umum Terbatas III ini setelah dikurangi Issue III net of issuance costs, will be used by the
yang ditawarkan dengan harga Rp 300,- setiap saham. Yang Rp 300,- per share. The right of 10 (ten) of stocks listed biaya-biaya emisi, akan dipergunakan oleh Perseroan Company with the following allocation:
memberi hak setiap pemegang 10 (sepuluh) saham yang tercatat in the register of shareholders on January 7, 2014 at the dengan pengalokasian sebagai berikut :
dalam Daftar Pemegang Saham pada tanggal 7 Januari 2014 a. Sekitar 60 % akan dialokasikan untuk peningkatan a. Around 60% will be allocated to increase production
kapasitas produksi melalui entitas anak yakni PT Eco capacity through its subsidiaries of PT Eco Smart
Smart Garment Indonesia (ESGI) yang merupakan Garment Indonesia (ESGI) which is a subsidiary entity
entitas anak dengan kepemilikan 85%, dalam hal ini with ownership of 85%, in which case the Company will
Perseroan akan melakukan penambahan penyertaan make additional investments in proportion to ownership
secara proporsional sesuai kepemilikan saham Perseroan of shares in subsidiaries of the Company, to funding the
pada entitas anak tersebut, untuk pendanaan pembangunan Development of new factories in Central Java.
pabrikpabrik baru di Jawa Tengah.

b. Sekitar 30 % akan dialokasikan untuk melakukan b. Around 30% will be allocated to invest in upstream, in
investasi di sektor hulu setara maupun hilir untuk garment manufacturing and downstream sectors to
memperkuat posisi Perseroan dibidangnya, baik strengthen the Company's position their field, either
langsung maupun melalui Entitas Anak. directly or through subsidiaries.

c. Sekitar 10 % akan digunakan untuk meningkatkan Modal c. Around 10% will be used to increase the Company's
Kerja Perseroan untuk mendukung operasional Perseroan. working capital to support the Company's operations.
56 laporan tahunan annual report 2013
PT. Pan Brothers Tbk.
Keterbukaan Informasi
Transparancy
Keterbukaan Informasi
Transparancy
laporan tahunan annual report 2013
PT. Pan Brothers Tbk. 57

KETERBUKAAN INFORMASI DISCLOSURE OF INFORMATION sebesar Rp 9.070.914.000,- Berdasarkan Laporan Pemeriksaan amounted to Rp 9.070.914.000,- Based on the
Sesuai dengan ketentuan pasar modal, Perseroan senantiasa In accordance with capital market rules, the Company Pajak tersebut, Kantor Pelayanan Pajak Perusahaan Masuk Inspection Reports Tax, Tax Office for Listed
melapor dan mengumumkan kepada otoritas pasar modal, reports and announces to the capital market and stock Bursa mengeluarkan Surat Ketetapan Pajak Kurang Bayar Companies issued a Tax Underpayment
bursa, investor serta masyarakat setiap informasi atau exchange authorities, investors and public all material No.00002/237/07/054/08 tanggal 17 April 2008 yang No.00002/237/07/054/08 dated 17 April 2008 which
fakta material yang dapat mempengaruhi nilai efek information or facts that could influence either the kemudian terhadap surat tersebut telah diajukan keberatan was then on the letter has been objected by the
perseroan atau keputusan investasi dari para investor. value of the Companys stock or investors decisions. In oleh Perusahaan. Selanjutnya Direktorat Jenderal Pajak Company. Furthermore, the Directorate General of
Dalam rangka memberikan kesetaraan dalam penyebaran the interests of disseminating information equitably, telah menolak permohonan keberatan Perusahaan tersebut Taxation has rejected the petition objection by the
informasi, Perseroan telah melaporkan dan mengumumkan the Company reported and announced all items sebagaimana dituangkan dalam Surat Keputusan Direktorat Company as set forth in Decree Directorate General of
hal-hal dimaksud sesuai dengan peraturan yang berlaku. accordingly. Jenderal Pajak No. KEP 385/WPJ.07/ BD.05/2009 tanggal Taxation. No.KEP 385/WPJ.07 / BD.05/2009 dated
2 April 2009. Atas Surat Keputusan Direktorat Jenderal April 2, 2009. Above the Decree of the Directorate
Perkara Hukum yang dihadapi Perusahaan Law Cased faced by the Company Pajak tersebut, Perusahaan mengajukan banding. General of Taxes, The Company filed an appeal. Under
Perkara perdata di Pengadilan Negeri Jakarta Pusat registrasi Civil lawsuits in the District Court of Central Jakarta Berdasarkan Putusan Pengadilan Pajak Nomor Put. the Tax Court Decision No. Put.
Nomor 32/PDT.G/2013/PN.JKT.PST, tanggal 22 Januari 2013. 32/PDT.G/2013/PN.JKT.PST registration number, dated 36870/PP/M.XV/16/2012, tanggal 21 April 2010, 36870/PP/M.XV/16/2012, April 21, 2010, all of the
Perseroan selaku Penggugat telah mengajukan gugatan January 22, The Company as the Plaintiff has filed a breach seluruh permohonan banding Perusahaan dikabulkan. Company's appeal is granted. This verdict was read
wanprestasi terhadap PT. Indonesia Taroko Textile selaku of contract lawsuit against PT. Indonesia Taroko Textile as Putusan ini telah dibacakan dalam sidang terbuka untuk out in the open to the public on February 22, 2012.
Tergugat karena keterlambatan pengiriman bahan baku oleh Defendants for late delivery of raw materials by the Defendant umum pada tanggal 22 Februari 2012.
Tergugat yang menimbulkan kerugian bagi Penggugat atas to the Plaintiff to incur losses for (a)Freight Line Through
(a) Biaya Pengiriman Barang Melalui Jalur Udara (Air the Air (Air Freight), (b) Disruption of Production Schedule, Selanjutnya Direktorat Jenderal Pajak telah mengajukan Hereinafter the Directorate General of Taxation has
Freight), (b) Terganggunya Jadwal Produksi, (c) Barang (c) Goods Production Defects, (d) Order Goods Transferred, Permohonan Peninjauan Kembali yang telah diterima filed a judicial review application that has received
Hasil Produksi Cacat, (d) Order Pemesanan Barang and (e) Accessory Shipping Costs / Additional Material Into Kepaniteraan Pengadilan Pajak pada tanggal 19 Juni the Registrar of Tax Court on June 19, 2012. The
Dialihkan, dan (e) Biaya Pengiriman Aksesori/Bahan Vietnam Through the Air Line (Air Freight), the overall 2012. Permohonan Peninjauan Kembali tersebut hingga request for judicial review is still in process.
Tambahan Ke Vietnam Melalui Jalur Udara (Air Freight), amount of USD 1.654.932 (one million six hundred and saat ini masih dalam proses pemeriksaan.
secara keseluruhan sebesar USD 1,654,932.-. fifty-four thousand nine hundred thirty-two).
Perkara Perselisihan Hubungan Industrial di Pengadilan Industrial Tribunal of Case in the Industrial Relations
Majelis Hakim Pengadilan Negeri Jakarta Pusat pada tanggal 9 The judges at the Central Jakarta District Court dated
Hubungan Industrial Pada Pengadilan Negeri Serang, Register Court In Attack, case registration number:
Oktober 2013 telah menjatuhkan putusan menolak gugatan October 9, 2013 has passed a decision for the The
Perkara Nomor : 39/PHI.G/2013/PN.SRG, Tanggal 2 Oktober 39/PHI.G/2013/PN.SRG, dated October 2, 2013.
Perusahaan untuk seluruhnya. Atas Putusan tersebut Perseroan Company dismissed the suit entirely. The verdict above
2013. Sudarsih & Suliyah, masing-masing karyawati Perseroan Sudarsih & Suliyah, each employee of The Company
telah mengajukan Permohonan Banding ke Pengadilan Tinggi The Company has filed Appeal to the Jakarta High Court
dengan status Pekerja Waktu Tidak Tertentu (PKWT) with the status of Worker Time Indefinite (PKWT)
DKI Jakarta pada tanggal 21 Oktober 2013 sebagaimana terurai on October 21, 2013 as described in the Deed of Appeal
mengajukan gugatan terhadap Perseroan dengan surat filed a lawsuit against The Company by letter No.
di dalam Akta Permohonan Banding No.165/SRT.PDT.BDG/ No.165/SRT.PDT.BDG/2013/PN.JKT.PST jo. No.32/PDT.G/
Nomor : 00/EXTRL/PSPSPN/PT.PBT/ IX/2013 tanggal 23 00/EXTRL/PSP-SPN/PT.PBT / IX/2013 dated 23
2013/PN.JKT.PST jo. No.32/PDT.G/20132/PN.JKT.PST. 20132/PN.JKT.PST.
September 2013 yang ditujukan kepada Pengadilan September 2013 addressed to the Court Relations
Hubungan Industrial Pada Pengadilan Negeri Serang, atas Industrial in Serang District Court, for the actions of
Dampak keuangan terkait kasus tersebut, jika gugatan The related financial impact for the case, if the lawsuit
tindakan Perusahaan melakukan pemutusan hubungan kerja the Company to the unilateral termination of their
Perusahaan ditolak maka pada tanggal laporan being rejected therefore the total assets as per the
sepihak kepada mereka dengan kualifikasi mengundurkan employment with qualifications resigned as
keuangan per 31 Desember 2013 total aset mengalami financial report date December 31st, 2013 will decrease
diri sebagaimana dituangkan dalam Surat Keputusan contained in the Company's decision
penurunan sebesar 0,71 %. 0,71 %.
Perusahaan No.414/Pers.PB/VII/2013. Gugatan dicatat No.414/Pers.PB/VII/2013. The lawsuit is recorded in
dalam dalam register perkara nomor : the register case No : 39/PHI.G/2013/PN.SRG, dated
Perkara ini masih berjalan dan belum memiliki kekuatan tetap. This case still in the process and is not binding yet.
39/PHI.G/2013/PN.SRG, Tanggal 2 Oktober 2013. October 2, 2013.

Perkara perpajakan di Pengadilan Pajak Jakarta atas Tax Court taxation of Case in Jakarta over a tax dispute Perkara ini masih berjalan dan belum memiliki kekuatan tetap. This case still in the process and is not binding.
sengketa pajak terhadap Keputusan Direktur Jenderal against the decision of the Director General of Taxation
Pajak Nomor KEP-385/WPJ.07/BD.05/2009, tanggal 2 Number KEP-385/WPJ.07/BD.05/2009, April 2, 2009.
Perkara Hukum yang dihadapi anak Perusahaan (PT Pancaprima Law Cased faced by the Subsidiary (PT Pancaprima
April 2009. Kantor Pelayanan Pajak Perusahaan Masuk Tax Office for Listed Companies has made a positive
Ekabrothers Ekabrothers)
Bursa telah melakukan koreksi positif atas pembayaran correction for the payment and reporting of Value Added
Perkara perdata di Pengadilan Negeri Jakarta Pusat registrasi Civil lawsuits in the District Court of Central Jakarta
dan pelaporan Pajak Pertambahan Nilai Barang dan Jasa Tax on Goods and Services Handing Over Assets Article
Nomor 277/PDT.G/2013/PN.JKT.PST, tanggal 10 Juni 2013. No.277/PDT.G/2013/PN.JKT.PST dated June 10, 2013. The
Lainnya Atas Penyerahan Aktiva Pasal 16 D Masa Pajak 16 D tax period October to December 2007 which has
Anak Perusahaan selaku Penggugat telah mengajukan gugatan Subsidiary as Plaintiff has filed a breach of contract
Oktober sampai dengan Desember 2007 yang telah been made by the Company. Positive adjustments are
wanprestasi terhadap PT. Indonesia Taroko Textile selaku lawsuit against PT. Indonesia Taroko Textile as Defendants
dilakukan Perusahaan. Koreksi positif tersebut terurai di decomposed in the Tax Inspection Reports Tax Office for
Tergugat karena keterlambatan pengiriman bahan baku for late delivery of raw materials by the Defendant that
dalam Laporan Pemeriksaaan Pajak Kantor Pelayanan Listed Companies Number:
oleh Tergugat yang menimbulkan kerugian bagi Penggugat cause harm to Plaintiff overall amount of USD
Pajak Perusahaan Masuk Bursa Nomor : LAP-0161/WPJ.07/KP.08/2008 April 17, 2008,
secara keseluruhan sebesar USD 1,084,829.23. Perkara ini 1,084,829.23. This case still in the process and is not
LAP-0161/WPJ.07/KP.08/2008 tanggal 17 April 2008,
masih berjalan dan belum memiliki kekuatan tetap. binding yet.
58 laporan tahunan annual report 2013
PT. Pan Brothers Tbk.
Keterbukaan Informasi
Transparancy
Keterbukaan Informasi
Transparancy
laporan tahunan annual report 2013
PT. Pan Brothers Tbk. 59

RESIKO-RESIKO PERUSAHAAN THE RISKS OF THE COMPANY Perseroan yakin dapat menghadapi tantangan-tantangan The Company is confident in tackling the challenges and
Usaha Perseroan dipengaruhi oleh resiko dan Our business is subjected to many risks and uncertainties dan menggapai kesempatan di antara tantangan-tantangan grabbing the opportunities through the challenges
ketidakpastian yang dapat berpengaruh pada kondisi that could adverselly affect our financial condition, results yang ada. ahead.
keuangan, hasil usaha, dan harga saham Perseroan. of operations, and stock prices.
TANGGUNG JAWAB SOSIAL PERUSAHAAN THE CORPORATE SOCIAL RESPONSIBILITY
Perubahan politik dan ekonomi di dalam negeri atau Political and economic changes domestically or in the Perseroan menyadari sepenuhnya bahwa semua yang The Company fully realized that anything being performed
negara tujuan penjualan dapat melemahkan kinerja export destination countries can undermine and weaken dilakukan tidaklah hanya mementingkan aspek bisnis dan is not only emphasizing business aspect and merely
Perseroan. the Companys performance. mencari keuntungan semata. Kami bekerja untuk looking for profit. We work to create a better future every
menciptakan masa depan yang lebih baik setiap hari. day.
Terhambatnya logistik yang masuk karena satu dan lain hal Unsmooth incoming logistics would affect and delay the
dapat menghambat on time delivery dan mengurangi delivery and undermine customers trust to the Company. Perseroan memiliki tanggung jawab terhadap The Company is responsible on environment
kepercayaan pelanggan terhadap Perseroan. lingkungan secara bertahap berubah ke arah and continously to apply better building and
bangunan dan produksi yang semakin ramah manufacturing green concept, the Company
Menguatnya/ melemahnya rupiah melebihi batas tertentu The strengthening/ weakening of IDR above certain limit lingkungan, Perseroan sedang menyelesaikan gedung on proccess of finishing office building with
dan adanya kenaikan biaya dalam rupiah (domestic) antara and the increase in rupiah expenses like regional minimum kantor yang menerapkan pola konsep bangunan building green concept located in Boyolali
lain: standar upah minimum; bahan bakar; listrik; telepon, salaries, fuel, electricity, telephone, etc undermining the hijau di lokasi pabrik Boyolali Jawa Tengah. Central Java.
dll, yang terlalu besar dapat menurunkan daya saing Perseroan. competitiveness of the Company.
Bangunan pabrik dan mesin-mesin baru disiapkan All new factories buildings and machineries set
Perseroan mengantisipasi resiko usaha di atas dengan The Company anticipated the business risks through well dengan mengacu ke sistem yang ramah lingkungan. up with green concept method.
mempersiapkan secara matang perencanaan dan maintained planning and monitoring between projection
memonitor realisasi dibandingkan proyeksi. Dimana and realization, where the Company could minimize all Perseroan telah mengikuti praktek ketenaga kerjaan, The Company follow the best practices in working
Perseroan dapat meminimalisasi dampak negatif yang negative impact that might arise from the Companys kesehatan, kesetaraan gender dan keselamatan condition, health, gender and safety program
mungkin timbul dari adanya resiko usaha Perseroan. business risks. kerja yang mengacu ke standar internasional. according to internationally standardization.

Perseroan memiliki banyak buyer dan selalu menambah buyer The Company has many buyers and always add new buyers Perseroan memiliki tanggung jawab untuk membantu The Company has responsibility to help the community,
baru dan menjaga ketergantungan kepada buyer tertentu. and maintain dependent to certain buyer. Portion to each masyarakat yang membutuhkan, terutama yang terkena especially those hit by natural disaster such as
Porsi setiap buyer maksimal akan dijaga pada batas sekitar buyer will maintain maximum up to around 30 percent of bencana alam seperti gempa bumi dan banjir. earthquake and flooding.
30 persen dari total penjualan secara terkonsolidasi. consolidation sales.
Sebagai perusahaan yang mempunyai tanggung jawab As a socially responsible company, Pan Brothers has
Perseroan mengantisipasi kemungkinan produk The Company anticipated the impending cheaper sosial, Pan Brothers menjalankan program Corporate Social Corporate Social Responsibility (CSR) program.
dengan harga murah dari negara Asia lainnya products from other Asia countries and Responsibility (CSR).
dan kemungkinan tingginya tarif impor the possible higher import tariffs
yang dikenakan oleh negara-negara imposed by certain countries, to Perseroan sampai saat ini terlibat dalam tanggung jawab The Company until now involved in social responsibility for
tertentu, mungkin akan berpengaruh affect the sales. The Company sosial ini kepada masyarakat di sekitar lokasi pabrik: the community around the factories:
pada penjualan Perseroan. Untuk itu would continously monitor these - dengan memprioritaskan menerima penduduk trampil - by prioritizing recruiting qualified persons who live
Perseroan akan terus memantau new or adjusted trade restrictions yang bertempat tinggal di sekitar pabrik; around factory;
perubahan atau peraturan baru that may be imposed and - by donating some cattles on Idul Adha (Qurban
- dengan memberikan sumbangan dalam perayaan
dalam perdagangan internasional enhanced any possible keagamaan seperti hewan kurban (Idul Adha); Celebration);
setiap saat yang mungkin akan opportunities to increase
- dengan memberikan sumbangan untuk pemeliharaan - by donating on maintenance the surrounding
memperkuat posisi saing competitiveness.
Perseroan. lingkungan; environment;
- dengan memberikan bea siswa secara terbatas kepada - by donating scholarship to some highly perform
Perekonomian negara tujuan Worsen economic condition beberapa siswa berprestasi; students;
ekspor yang memburuk, adalah in export destination
- dengan mengkoordinir aksi donor darah secara regular. - by coordinating blood donor regularly.
suatu kemungkinan lain yang countries can undermine
akan mempengaruhi penjualan sales. Thus the Company will
Total dana yang dikeluarkan Perseroan untuk tahun 2013 Total funds paid by the Company for year 2013 was USD
Perseroan. Oleh karena itu minimize all production cost
sebesar USD 156,482.- 156,482.-.
Perseroan berupaya menghasilkan and increase productivity
produk dengan meminimalisasi ongkos produksi dan and efficiency continuously.
Peseroan juga bekerjasama dengan beberapa Balai Latihan The Company also work hand ini hand with some Training
senantiasa meningkatkan produktivitas dan effisiensi.
Kerja Industri Garmen. Centre on Garment Sector.
SURAT PERNYATAAN ANGGOTA DEWAN KOMISARIS DAN DIREKSI
laporan tahunan annual report 2013
PT. Pan Brothers Tbk. 61
TENTANG TANGGUNG JAWAB ATAS LAPORAN TAHUNAN 2013
BOARD OF COMMISSIONERS AND DIRECTORS STATEMENT
ON ANNUAL REPORT 2013 RESPONSIBILITY
Struktur Organisasi
organization structure

Kami yang bertanda tangan di bawah ini, menyatakan bahwa : We, the undersigned, declare that: RAPAT UMUM PEMEGANG SAHAM
Kami bertanggung jawab atas penyusunan dan penyajian We are responsible for the preparation and presentation of ANNUAL GENERAL MEETING OF SHAREHOLDERS

Laporan Tahunan Perseroan untuk tahun buku 2013. the Company Annual Report for the year 2013.

Semua informasi dalam Laporan Tahunan ini telah dibuat All information has been fully and correctly disclosed in DEWAN KOMISARIS
BOARD OF COMMISSIONERS
dengan benar. Laporan tahunan ini tidak mengandung the Companys Annual Report. The Companys Annual
informasi atau fakta material yang tidak benar, dan tidak Report do not contain false material information or facts, KOMITE AUDIT
AUDIT COMMITTEE
menghilangkan informasi atau fakta material. nor do they omit material information or facts.
DEWAN DIREKSI
BOARD OF DIRECTORS
Demikian pernyataan ini dibuat dengan sebenarnya. We certify the accuracy of this statement.

PEMERIKSAAN INTERNAL
INTERNAL AUDIT
Tangerang, 27 Maret 2014 Tangerang, March 27th, 2014
Dewan Komisaris PT. Pan Brothers Tbk.
The Board of Commissioners PT. Pan Brothers Tbk. DIREKTUR ADMINISTRASI DIREKTUR IT & KEUANGAN DIREKTUR SDM DIREKTUR OPERASIONAL
ADMINISTRATION DIRECTOR IT & TREASURY DIRECTOR HRM DIRECTOR OPERATIONAL DIREKTUR

SEKRETARIS PERUSAHAAN DEPARTEMEN KOMP. & IT DEPARTEMEN PENGEMBANGAN SDM PABRIK PEMASARAN
CORPORATE SECRETARY EDP & IT DEPARTMENT PERSONNEL DEVELOPMENT DEPARTEMET FACTORY MARKETING
Supandi Widi Siswanto
Komisaris Utama / Independen
President Commissioner / Independent
DEP. AKUNTANSI & ADM. DEPARTEMEN PENGEMBANGAN IT ADM. & PENGEMBANGAN ORGANISASI DEPARTEMEN PRODUKSI DEPARTEMEN PEMASARAN
ACCOUNTING & ADM. DEP. IT DEVELOPMENT DEPARTMENT PERSONNEL ADM. & ORG. DEV. DEP. PRODUCTION DEPARTMENT MARKETING DEPARTMENT

Dhanny Cahyadi Sutjipto Budiman DEPARTEMEN HUKUM DEPARTEMEN KEUANGAN DEPARTEMEN INTEGRITAS KUALITAS DEP. NON PRODUKSI DEPARTEMEN MERCHANDISING
Wakil Komisaris Utama Komisaris Independen LEGAL DEPARTMENT FINANCE DEPARTMENT QUALITY INTEGRITY DEPARTMENT NON PRODUCTION DEP. MERCHANDISING DEPARTMENT
Vice President Commissioner Independent Commissioner

DEP. MATERIAL COST CONTROL DEPARTEMEN TRAINING DEP. PENGEMBANGAN PROD. DEPARTEMEN PEMBELIAN
MATERIAL COST CONTROL DEP. TRAINING DEPARTMENT PRODUCT DEVELOPMENT DEP. PURCHASING DEPARTMENT
Dewan Direksi PT Pan Brothers Tbk.
The Board of Directors PT. Pan Brothers Tbk.

DEPARTEMEN TRANS., MAINT., UMUM DEPARTEMEN KEPATUHAN DEP. QUALITY ASSURANCE


GENERAL AFFAIRS DEPARTMENT COMPLIANCE DEPARTMENT QA DEPARTEMENT

Ludijanto Setijo Anne Patricia Sutanto Fitri Ratnasari Hartono DEP. GUDANG / PERSEDIAAN DEPARTEMEN EKSPOR IMPOR
Direktur Utama Wakil Direktur Utama Direktur WAREHOUSE DEPARTMENT SHIPPING DEPARTMENT
President Director Vice President Director Director

Hwang Sei Wook (Michael Hwang) Lilik Setijo Murali Krishnan Ramakrishna Pillai
Direktur Direktur Direktur
Director Director Director
62 laporan tahunan annual report 2013
PT. Pan Brothers Tbk.
laporan tahunan annual report 2013
PT. Pan Brothers Tbk. 63

Kantor operasional Boyolali yang mendukung


kegiatan Jawa Tengah sudah siap dan akan
secara resmi digunakan dalam bulan April
2014, kantor ini dibangun dengan konsep
Hijau.
Laporan Auditor Independen
independent auditors report
Boyolali operational office dedicate to
support Central Java activities already
finished and formaly will be used in April
2013
2014, this office built with green concept.
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Laporan Posisi Keuangan Konsolidasian Consolidated Statements of Financial Position
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012

(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

Catatan/ 31 Desember 2013 31 Desember 2012 1 Januari 2012


Notes December 31, 2013 December 31, 2012 January 1, 2012
Disajikan kembali/ Disajikan kembali/
Restated *) Restated *)

Aset Assets

Aset lancar Current assets

Kas dan setara kas 2d,2e,3,35 38.365.058 17.739.854 19.722.199 Cash and cash equivalents
Piutang Receivables
Piutang usaha Trade receivables
Pihak ketiga 2d,2f,4,35 45.254.418 52.615.964 35.053.516 Third parties
Pihak berelasi 2n, 33 - 37.508 622.686 Related parties
Piutang lain-lain Others receivable
Pihak ketiga 2d,5,35 5.409.583 2.668.720 1.814.027 Third parties
Persediaan 2g, 6 55.645.518 54.090.330 48.028.061 Inventories
Pajak dibayar di muka 2o, 7a 8.315.870 5.529.007 3.499.703 Prepaid taxes
Beban dibayar di muka 2d, 2h, 8 2.682.302 1.245.073 1.036.425 Prepaid expenses
Uang muka 2d, 9, 35 13.978.329 13.653.438 12.475.598 Advance payments
Jumlah aset lancar 169.651.078 147.579.894 122.252.215 Total current assets

Aset tidak lancar Non current assets

Piutang tidak lancar lainnya - afiliasi 2n, 33, 44 2.085.867 3.187.819 3.134.057 Non current receivables - related party
Investasi jangka panjang 2i, 10 19.384 19.384 19.384 Long term investment
Aset pajak tangguhan bersih 2o, 7d 1.561.863 674.423 686.332 Deferred tax assets - net
Aset tetap Fixed assets
Setelah dikurangi akumulasi Net of accumulated
penyusutan sebesar USD 40.666.067, depreciation of USD 40.666.067,
USD 34.222.481 dan USD 28.834.582 USD 34.222.481 and USD 28.834.582
pada tanggal 31 Desember 2013, as of December 31, 2013,
31 Desember 2012 dan December 31, 2012 and
1 Januari 2012 2j, 11 56.820.807 52.990.246 43.853.383 and January 1, 2012
Aset tidak berwujud 2c,2k,2l,12 3.408.104 3.409.568 3.423.997 Intangible assets
Aset lain-lain 13 295.404 440.140 530.836 Other assets
Jumlah aset tidak lancar 64.191.429 60.721.580 51.647.990 Total non current assets
Jumlah aset 233.842.506 208.301.474 173.900.205 Total assets

*) Disajikan kembali, Catatan 2d *) Restated, Note 2d

Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak The accompanying notes to the consolidated financial statements form an
terpisahkan dari laporan keuangan konsolidasian secara keseluruhan. integral part of these consolidated financial statements taken as whole.
1
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Laporan Posisi Keuangan Konsolidasian Consolidated Statements of Financial Position
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012

(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

Catatan/ 31 Desember 2013 31 Desember 2012 1 Januari 2012


Notes December 31, 2013 December 31, 2012 January 1, 2012
Disajikan kembali/ Disajikan kembali/
Restated *) Restated *)

Liabilitas Liabilities

Liabilitas jangka pendek Current liabilities


Pinjaman jangka pendek 14 - 69.570.228 53.199.071 Short term loans
Utang usaha Trade payables
Pihak ketiga 15, 35 42.204.469 40.058.335 25.503.017 Third parties
Pihak berelasi 2n, 33 91.397 213.953 131.457 Related parties
Utang lain-lain Other payables
Pihak ketiga 16, 35 3.372.061 2.552.004 2.817.161 Third parties
Pihak berelasi 2n, 33 47.956 41.595 43.028 Related parties
Beban masih harus dibayar 17 2.793.471 1.756.553 1.347.352 Accrued expenses
Utang pajak 2o, 7b 2.004.158 642.162 1.308.218 Taxes payables
Bagian liabilitas jangka panjang Current maturity
yang jatuh tempo dalam waktu Long term debt
satu tahun
Pinjaman jangka panjang 18 - 202.091 3.360.941 Long term loans
Sewa 2m, 19 312.501 357.481 390.177 Lease
Jumlah liabilitas jangka pendek 50.826.015 115.394.402 88.100.422 Total current liabilities

Liabilitas jangka panjang Non current liabilities


Bagian liabilitas jangka panjang Long term debt
setelah dikurangi yang jatuh tempo net of current maturity -
dalam waktu satu tahun
Pinjaman jangka panjang 18 78.451.526 - 175.000 Long term loans
Sewa 2m, 19 248.076 214.939 316.965 Lease
Liabilitas imbalan paska kerja 2p, 20 5.259.581 4.921.206 4.740.958 Post employment benefit liability
Jumlah liabilitas jangka panjang 83.959.183 5.136.145 5.232.923 Total non current liabilities
Jumlah liabilitas 134.785.198 120.530.547 93.333.345 Total liabilities
Ekuitas Equity
Modal Saham Share capital
- nilai nominal Rp 25 per saham Nominal value Rp. 25 per shares -
- modal dasar Rp 300.000.000.000 Authorized - Rp 300,000,000,000 -
- ditempatkan dan disetor penuh Issued and fully paid -
3.084.902.672, 3.065.612.208 dan 3.084.902.672, 3.065.612.208 and
3.063.861.660 saham 22 23.239.822 23.189.970 23.185.438 3.063.861.660 share
Tambahan modal disetor 23 48.590.996 47.843.228 47.775.250 Additional paid-in capital
Saldo laba Retained earnings
Ditentukan penggunaannya 29 1.086.114 985.399 877.641 Appropriated
Belum ditentukan penggunaannya 36.482.599 26.031.082 19.539.774 Unappropriated
Pendapatan komprehensif lainnya 30 20.871 (18.481) - Other comprehensive income.
Selisih penilaian kembali 39 (12.818.807) (12.818.807) (12.818.807) Remeasurement in foreign currencies
Ekuitas yang dapat diatribusikan Equity attributable to the
kepada pemilik entitas induk 96.601.596 85.212.391 78.559.296 owners of parent
Kepentingan non-pengendali 2c, 21 2.455.711 2.558.536 2.007.564 Non-controlling interest
Jumlah ekuitas 99.057.308 87.770.927 80.566.860 Total equity
Jumlah liabilitas dan ekuitas 233.842.506 208.301.474 173.900.205 Total liabilities and equity

*) Disajikan kembali, Catatan 2d *) Restated, Note 2d

Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak The accompanying notes to the consolidated financial statements form an
terpisahkan dari laporan keuangan konsolidasian secara keseluruhan. integral part of these consolidated financial statements taken as whole.

2
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Laporan Laba Rugi Komprehensif Konsolidasi Consolidated Statements of Comprehensive Income
Untuk tahun yang berakhir pada tanggal-tanggal For the years ended
31 Desember 2013 dan 2012 December 31, 2013 and 2012

(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )
Catatan/ 31 Desember 2013 31 Desember 2012
Notes December 31, 2013 December 31, 2012
Disajikan kembali/
Restated *)

Penjualan bersih 2s, 24 339.723.836 286.613.923 Net sales


Beban pokok penjualan 2s, 25 297.918.384 254.900.267 Cost of goods sold
Laba kotor 41.805.451 31.713.656 Gross profit

Beban operasi Operating expenses


Beban penjualan 2s, 26 5.514.979 3.951.009 Selling expenses
Beban umum dan administrasi 2s, 27 17.513.680 13.799.534 General & administrative expenses
Jumlah beban operasi 23.028.659 17.750.542 Total operating expenses
Laba operasi 18.776.793 13.963.113 Profit from operations
Pendapatan (beban) lain-lain 28 Other income (expenses)
Pendapatan bunga 469.444 1.950.930 Interest income
Laba (rugi) penjualan aset tetap 113.054 (45.979) Gain (loss) on sale of fixed assets
Laba (rugi) selisih kurs, bersih (922.460) (3.733.634) Gain (loss) on foreign exchange,net
Beban bunga (5.171.185) (3.894.772) Interest expenses
Lain-lain (520.067) 773.928 Others
Pendapatan (beban) lain-lain, bersih (6.031.214) (4.949.527) Other income (expenses), net

Laba sebelum manfaat (beban) pajak 12.745.579 9.013.587 Income before tax benefit (expenses)
Beban pajak penghasilan badan 2o, 7c, 7d (2.296.171) (2.080.766) Corporate income tax expense
Laba tahun berjalan 10.449.408 6.932.820 Profit for the year

Pendapatan komprehensif lain setelah pajak: Other comprehensive income,net of income tax:
Selisih kurs karena penjabaran Exchange difference due to financial
laporan keuangan 39.352 (18.481) statement translation
Total laba komprehensif tahun berjalan 10.488.760 6.914.340 Total comprehensive income for the year

Laba bersih yang dapat diatribusikan kepada: Total comprehensive income attributable to:
Pemilik entitas induk 10.552.233 7.480.247 Equity holders of the parent
Kepentingan non-pengendali (102.825) (547.426) Non-controlling interest
10.449.408 6.932.820
Laba bersih per saham 31 0,0034 0,0024 Basic earning per share

Total laba komprehensif yang dapat diatribusikan kepada: Total comprehensive income attributable to:
Pemilik entitas induk 10.591.585 7.461.766 Equity holders of the parent
Kepentingan non-pengendali (102.825) (547.426) Non-controlling interest
10.488.760 6.914.340

*) Disajikan kembali, Catatan 2d *) Restated, Note 2d

Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak The accompanying notes to the consolidated financial statements form an
terpisahkan dari laporan keuangan konsolidasian secara keseluruhan. integral part of these consolidated financial statements taken as whole.

3
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Laporan Perubahan Ekuitas Konsolidasian Consolidated Statement of Change in Equity
Untuk tahun yang berakhir pada tanggal-tanggal For the years ended
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012

(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )
Selisih kurs karena
Modal Saldo laba/ penjabaran
Ditempatkan dan Tambahan Modal Retained earnings laporan keuangan/ Selisih Kepentingan Jumlah
Disetor penuh Disetor/ Telah Ditentukan Belum Ditentukan Exchange difference due to penilaian kembali/ Non pengendali/ ekuitas/
Catatan/ Issued and Fully Additional Penggunaannya/ Penggunaannya/ financial statement Remeasurement in Jumlah/ Non-controlling Total
Notes Paid Share Capital Paid-in Capital appropriated unappropriated translation foreign currencies Total Interest Equity

Saldo per 1 Januari 2012


Balance as at January 1, 2012 23.185.438 47.775.250 877.641 19.539.774 - (12.818.807) 78.559.296 2.007.564 80.566.860
Tambahan modal/
Additional of share capital 23 4.532 - - - - - 4.532 - 4.532
Tambahan modal disetor/
Additional paid-in capital - 67.978 - - - - 67.978 - 67.978
Penambahan cadangan umum/
Additional of general reserves 29 - - 107.758 (107.758) - - - - -
Dividen/Dividend (333.754) - - (333.754) - (333.754)
Total laba komprehensif tahun berjalan/
Total comprehensive income for the year - - - 6.932.820 (18.481) - 6.914.340 547.426 7.461.766
Lain-lain/ Others - - - - - - - 3.546 3.546

Saldo per 31 Desember 2012 *)


Balance as of December 31, 2012 23.189.970 47.843.228 985.399 26.031.082 (18.481) (12.818.807) 85.212.391 2.558.536 87.770.927
Saldo per 1 Januari 2013
Balance as of January 1, 2013 23.189.970 47.843.228 985.399 26.031.082 (18.481) (12.818.807) 85.212.391 2.558.536 87.770.927
Tambahan modal/
Additional of share capital 23 49.852 - - - - - 49.852 - 49.852
Tambahan modal disetor/
Additional paid-in capital 29 - 747.768 - - - - 747.768 - 747.768
Penambahan cadangan umum/
Additional of general reserves - - 100.715 (100.715) - - - - -
Total laba komprehensif tahun berjalan/
Total comprehensive income for the year - - - 10.552.233 39.352 - 10.591.585 (102.825) 10.488.760

Saldo per 31 Desember 2013


Balance as of December 31, 2013 23.239.822 48.590.996 1.086.114 36.482.599 20.871 (12.818.807) 96.601.596 2.455.711 99.057.308

*) Disajikan kembali, Catatan 2d *) Restated, Note 2d

Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak The accompanying notes to the consolidated financial statements form an
terpisahkan dari laporan keuangan konsolidasian secara keseluruhan. integral part of these consolidated financial statements taken as whole.

4
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Laporan Arus Kas Konsolidasian Consolidated Statements of Cash Flows
Untuk tahun yang berakhir pada tanggal-tanggal For the years ended
31 Desember 2013 dan 2012 December 31, 2013 and 2012

(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

Catatan/ 31 Desember 2013 31 Desember 2012


Notes December 31, 2013 December 31, 2012
Disajikan kembali/
Restated *)

Arus kas dari aktivitas operasi: Cash flows from operating activities
Penerimaan dari pelanggan 4, 5 ,24 345.462.216 263.190.257 Receipt from customers
Pembayaran kepada pemasok 6,9,15,16 (270.473.541) (235.244.977) Payment to suppliers
Pembayaran kepada karyawan 17, 25, 27 (46.616.478) (18.876.216) Payment to employees
Pembayaran bunga (4.704.241) (1.818.737) Interest paid
Penerimaan pajak 7a, 7b 1.455.723 631.180 Received for tax
Pembayaran pajak (4.340.145) (5.378.103) Payment for tax
Penerimaan kas lainnya 2.039.995 886.486 Other cash received
Pembayaran kas lainnya (857.849) (493.245) Other cash payment
Kas bersih yang diperoleh dari Net cash provided from (used in)
(dipergunakan untuk) aktivitas operasi 21.965.679 2.896.645 operating activities
Arus kas dari aktivitas investasi: Cash flows from investing activities
Pembayaran uang muka pembelian Payment of advance on purchase of
aset tetap (4.269.480) (1.811.392) fixed assets
Penambahan aset dalam penyelesaian (3.576.399) (3.213.447) Additions to construction in progress
Perolehan aset tetap 2j, 11 (7.341.391) (13.969.071) Acquisitions of fixed assets
Penerimaan dari pelepasan aset tetap 2j, 11 456.207 26.417 Proceeds from disposal of fixed assets
Kas bersih yang diperoleh dari Net cash provided from (used in
(dipergunakan untuk) aktivitas investasi (14.731.063) (18.967.493) investing activities
Arus kas dari aktivitas pendanaan: Cash flows from financing activities
Penambahan pinjaman jangka pendek 205.951 32.971.446 Increase in loans short term
Pengurangan pinjaman jangka pendek 14 (69.585.331) (16.371.157) Decrease in loans short term
Penambahan pinjaman jangka panjang 172.605.000 3.392.535 Increase in loans long term
Pengurangan pinjaman jangka panjang 18, 19 (93.605.000) (3.655.765) Decrease in loans long term
Kenaikan modal saham 22 49.852 4.532 Increase share capital
Kenaikan tambahan modal disetor 23 747.768 67.978 Increase additional paid-in capital
Pembayaran Dividen - (333.754) Dividend Payment
Kas bersih yang diperoleh dari Net cash provided from (used in)
(dipergunakan untuk) aktivitas pendanaan 10.418.240 16.075.815 financing activities

Kenaikan (penurunan) kas dan Increase (decrease) in cash and


setara kas 17.652.857 4.967 cash equivalents

Pengaruh perubahan Effect of foreign exchange


kurs mata uang asing 2.972.348 (1.987.312) rate changes

Saldo awal kas dan Beginning balance of cash and


setara kas 17.739.854 19.722.199 cash equivalents

Saldo akhir kas dan Ending balance of cash and


setara kas 38.365.058 17.739.854 cash equivalents

*) Disajikan kembali, Catatan 2d *) Restated, Note 2d

Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak The accompanying notes to the consolidated financial statements form an
terpisahkan dari laporan keuangan konsolidasian secara keseluruhan. integral part of these consolidated financial statements taken as whole.

5
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

1. Umum 1. General

a. Pendirian a. Establishment
PT Pan Brothers, Tbk (Perusahaan) didirikan berdasarkan akta PT Pan Brothers, Tbk (the Company) was established based on
notaris Misahardi Wilamarta, S.H, Jakarta No. 96 tanggal 21 notarial deed of Misahardi Wilamarta, S.H, Jakarta No. 96 dated
Agustus 1980 kemudian diubah dengan akta notaris No. 58 tanggal August 21, 1980 then amended with notarial deed No. 58 dated
16 Oktober 1980. Akta pendirian tersebut telah disahkan oleh October 16, 1980. The articles of association were approved by the
Menteri Kehakiman Republik Indonesia dalam surat keputusan Minister of Justice of the Republic of Indonesia in decree dated
tanggal 30 Oktober 1980, No.YA/5/500/II serta diumumkan dalam October 30, 1980, No. YA/5/500/II and was published in the State
Lembaran Berita Negara Republik Indonesia No. 59. Anggaran Gazette of the Republic of Indonesia No. 59. The Companys Articles
Dasar Perusahaan telah mengalami beberapa kali perubahan yang of Association have been amended for several times and the latest
terakhir berdasarkan akta No. 7 tanggal 8 Februari 2011 Notaris amendment was based on notarial deed No. 7 dated February 8,
Fathiah Helmi, SH, dan telah mendapat pengesahan Menteri Hukum 2011 notary Fathiah Helmi, SH, and were approved by The Minister
dan Hak Asasi Manusia No. AHU-12017.AH.01.02 tahun 2011 of Law and Human Rights in decree No. AHU-12017.AH.01.02
tanggal 9 Maret 2011 dan tambahan Berita Negara Republik 2011 dated March 9, 2011 and was published in the stated gazette of
Indonesia No. 63 tanggal 7 Agustus 2012. The Republic of Indonesia No. 63 dated August 7, 2012.

Sesuai dengan pasal 3 Anggaran Dasar Perusahaan, ruang lingkup According to article 3 of the Companys Articles of Association, the
kegiatan Perusahaan meliputi perindustrian, perdagangan hasil usaha scopes of the Companys activities are industry, distribution of
industri tersebut, mengimpor alat-alat, pengangkutan dan perwakilan products, import of equipment, transportation and representative or
atau keagenan, jasa pengelolaan dan penyewaan gedung perkantoran, agency, office building management and rental, recreation business
taman hiburan atau rekreasi dan kawasan berikat. Perusahaan and bonded zone. The Company is located in Tangerang and
berkedudukan di Tangerang, dan berusaha di industri garmen. engaged in garment industry and started it's commercial operations
Perusahaan mulai beroperasi secara komersial pada tahun 1981. in 1981.

Perusahaan dan pabrik berlokasi di Jl. Siliwangi No. 178 Alam Jaya, The Company and its factory are located at Jl. Siliwangi No. 178
Jatiuwung - Tangerang dan mempunyai cabang di DK Dawangan, Alam Jaya Jatiuwung - Tangerang and have branches at DK
Purwosuman, Sragen - Jawa Tengah dan DK Butuh Rt 001 Rw 002 Dawangan, Purwosuman, Sragen - Jawa Tengah and DK Butuh Rt
Butuh, Boyolali - Jawa Tengah. 001 Rw 002 Butuh, Boyolali - Central Java.

PT Trisetijo Manunggal Utama yang didirikan di Indonesia adalah PT Trisetijo Manunggal Utama which incorporated in Indonesia is
entitas induk Perusahaan dan merupakan entitas induk terakhir the penultimate parent company and as the ultimate parent company
Perusahaan. of the Company.

b. Penawaran umum saham Perusahaan b. Public offering of the Companys shares


Sesuai dengan surat Ketua Bapepam No. S1-121/SHM/MK/10/1990 Based on the letter from the Chairman of Capital Market
tanggal 16 Agustus 1990 mengenai Pemberitahuan Efektifnya Supervisory Board (BAPEPAM) No. S1-121/SHM/MK/10/1990
Pernyataan Pendaftaran, Perusahaan telah melakukan penawaran dated August 16, 1990 regarding notice of effectivity of registration,
umum kepada masyarakat melalui pasar modal. Sejak tanggal 23 the Company has offered its shares to public through the capital
Maret 1992 Perusahaan telah mencatatkan seluruh saham Perusahaan market. Since March 23, 1992 the Company has listed its issued and
yang telah ditempatkan dan disetor penuh di Bursa Efek Indonesia. paid-up capital shares in the Indonesia Stock Exchange. Based on
Berdasarkan akta notaris Fathiah Helmi, S.H, No. 54 tanggal 20 notarial deed No. 54 of Fathiah Helmi, S.H, dated September 20,
September 2002 Perusahaan melakukan pemecahan saham (stock 2002, the Company performed stock split, therefore par value the
split) sehingga nilai nominal saham berubah dari Rp 500 menjadi Rp shares has been changed from Rp 500 to Rp 100 per share, therefore
100 per saham sehingga modal yang ditempatkan dan disetor penuh the issued and paidup capital became 384.000.000 shares with
menjadi 384.000.000 lembar saham dengan jumlah nominal sebesar nominal value of Rp 38.400.000.000. The stock split was valid
Rp 38.400.000.000. Pemecahan saham tersebut berlaku efektif sejak effectively since January 15, 2003.
15 Januari 2003.

Pada tahun 2005 Perusahaan melaksanakan Penawaran Umum In 2005 the Company's implement the Rights Issue I based on the
Terbatas I berdasarkan pernyataan Efektif dari BAPEPAM-LK statement of BAPEPAM-LK Effective through S-1706/PM/2005 letter
melalui surat S-1706/PM/2005 tanggal 29 Juni 2005, untuk sejumlah dated June 29, 2005, for a number of 61.440.000 (sixty-one million
61.440.000 (enam puluh satu juta empat ratus empat puluh ribu) four hundred forty thousand) shares with a nominal value Rp 100, -
saham dengan nilai nominal Rp 100 (seratus rupiah) per saham yang (one hundred rupiah) per share offered a price of Rp 365, - (three
ditawarkan dengan harga Rp 365 (tiga ratus enam puluh lima rupiah) hundred and sixty-five rupiah) per share thus totaling to Rp
per saham dengan demikian seluruhnya sejumlah Rp 22.425.600.000 22.425.600.000 (twenty two billion four hundred twenty-five million
( dua puluh dua miliar empat ratus dua puluh lima juta enam ratus six hundred thousand rupiah ).
ribu rupiah).

6
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

1. Umum - lanjutan 1. General - continued

b. Penawaran umum saham Perusahaan - lanjutan b. Public offering of Companys shares - continued

Dana hasil Penawaran Umum Terbatas I setelah dikurangi beban The fund raised from Right Issue 1 net of expenses related to Right
yang berhubungan dengan Penawaran Umum Terbatas I, digunakan Issue I, was used to purchase 99% shares in PT Pancaprima
untuk membeli 99% saham pada PT Pancaprima Ekabrothers. Ekabrothers.
Pada tanggal 22 Desember 2010, Perusahaan memperoleh On December 22, 2010, the Company obtained the effective
pernyataan efektif dari BAPEPAM-LK untuk melaksanakan statement from BAPEPAM-LK to implement the Rights Issue II, of
Penawaran Umum Terbatas II , sejumlah 445.440.000 (empat ratus 445.440.000 (four hundred forty five million four hundred forty
empat puluh lima juta empat ratus empat puluh ribu) saham dengan thousand) shares with a nominal value of Rp 100 (one hundred
nilai nominal Rp 100 (seratus rupiah) setiap saham yang ditawarkan rupiah) per share at a price of Rp 1.350 (one thousand three
dengan harga Rp 1.350 (seribu tiga ratus lima puluh rupiah) setiap hundred fifty rupiah) per share to the total funds to be acquired by
saham dengan total dana yang akan diperoleh Perusahaan pada the Company in this Right Issue II was Rp 601.344.000.000 (six
Penawaran Umum Terbatas II ini adalah sebesar Rp hundred and one billion three hundred forty four million rupiah).
601.344.000.000 (enam ratus satu milyar tiga ratus empat puluh
empat juta rupiah).

PUT II ini disertai dengan penerbitan Waran Seri I yaitu efek yang Right Issue II is accompanied by the issuance of the Series I
memberikan hak kepada pemegangnya untuk membeli saham biasa Warrants are securities that entitle the holder to purchase common
bernilai nominal Rp 100 (seratus rupiah) setiap sahamnya dengan shares of nominal value of Rp 100 (one hundred rupiah) per share at
harga pelaksanaan sebesar Rp 1.600 (seribu enam ratus rupiah) yang an exercise price of Rp 1.600 (one thousand six hundred rupiah) that
dapat dilaksanakan selama periode Waran Seri I yaitu mulai tanggal can be implemented over a period of Series I Warrant that began on
7 Juli 2011 sampai dengan 7 Januari 2013. Setiap pemegang tiga July 7, 2011 to January 7, 2013. Each holder of the implementation
saham baru hasil pelaksanaan PUT II berhak untuk memiliki satu of three new shares are entitled to have Right Issue II Series of
Waran Seri I untuk membeli satu saham baru. Jumlah Waran Seri I Warrants to purchase one new share. The number of Warrant Series
yang ditawarkan dalam PUT II adalah 148.480.000 (seratus empat I offered in the Right Issue II is 148.480.000 (one hundred forty-
puluh delapan juta empat ratus delapan puluh ribu) waran, eight million four hundred eighty thousand) warrants, totaling Rp
seluruhnya berjumlah Rp 237.568.000.000 (dua ratus tiga puluh 237.568.000.000 (two hundred and thirty seven billion five hundred
tujuh miliar lima ratus enam puluh delapan juta rupiah). Bila Waran and sixty-eight million rupiah). When the Series I Warrants not
Seri I tidak dilaksanakan sampai habis periode pelaksanaannya, exercised until the expiry of the period of execution, then the Series I
maka Waran Seri I tersebut menjadi kedaluwarsa, tidak bernilai dan Warrants to expire worthless and void.
tidak berlaku.

Hasil PUT II yang berakhir tanggal 19 Januari 2011 adalah sebanyak Results Right Issue II ended on January 19, 2011 is as much as
320.525.000 (tiga ratus dua puluh juta lima ratus dua puluh lima 320.525.000 (three hundred twenty million five hundred twenty five
ribu) saham biasa baru dengan nilai nominal Rp 100 (seratus rupiah) thousand) new ordinary shares with a nominal value of Rp 100 (one
per saham, dengan harga Rp 1.350 (seribu tiga ratus lima puluh hundred rupiah) per share, a price of Rp 1.350 (one thousand three
rupiah) per saham atau sebanyak Rp 432.708.750.000 (empat ratus hundred fifty rupiah) per share or as much as Rp 432.708.750.000
tiga puluh dua miliar tujuh ratus delapan juta tujuh ratus lima puluh (four hundred and thirty-two billion, seven hundred and eight
ribu rupiah). Waran yang diterbitkan sebanyak 106.841.640 (seratus million seven hundred fifty thousand rupiah). Warrant issued as
enam juta delapan ratus empat puluh satu ribu enam ratus empat many as 106.841.640 (one hundred six million eight hundred and
puluh) waran. forty one thousand six hundred and forty) warrants.

Dana hasil PUT II sebesar Rp 431.723.556.243 (setelah dikurangi The fund raised from Right Issue II of Rp 431.723.556.243 net of
beban yang berhubungan dengan PUT II), digunakan untuk expenses related to Right Issue II, was used to participation in
penyertaan pada anak perusahaan, pembelian tanah dan bangunan, subsidiary purchase land and building, the purchase of the machine,
pembelian mesin, dan penambahan modal kerja. and additional working capital.
Berdasarkan akta notaris Fathiah Hemi, S.H, no. 43 tanggal 13 Mei Based on notarial deed Fathiah Hemi, S.H, no. 43 dated May 13,
2011 Perusahaan melakukan pemecahan saham (stock split) sehingga 2011 the Company made a stock split so that the nominal value of
nilai nominal saham berubah dari Rp 100 menjadi Rp 25 per saham shares changed from Rp 100 to Rp 25 per share so issued and fully
sehingga modal yang ditempatkan dan disetor penuh menjadi paid shares to 3.063.860.000 shares with total nominal amount of
3.063.860.000 lembar saham dengan jumlah nominal Rp Rp 76.596.500.000.
76.596.500.000.
Sampai dengan tanggal 31 Desember 2012 dan 31 Desember 2011 As of the date December 31, 2012 and December 31, 2011 the result
hasil Waran Seri I masing-masing sebanyak 1.752.208 dan 1.660 of Serie I Waran amounting to 1.752.208 and 1.660 shares, with
saham dengan nilai nominal Rp 25 (dua puluh lima rupiah) per nominal value Rp 25 (twenty five rupiah) per share with nominal
saham dengan harga pelaksanaan Rp 400 (empat ratus rupiah) per price Rp 400 (four hundred rupiah) per share amounting to Rp
saham masing-masing sebesar Rp 700.883.200 dan Rp 664.000. 700.883.200 and Rp 664.000 respectively.

7
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

1. Umum - lanjutan 1. General - continued


c. Entitas anak c. Consolidated subsidiaries
Perusahaan memiliki saham entitas anak, sebagai berikut: The Company has direct ownership interest in the following
subsidiary:
Tahun operasi komersial/
Entitas Anak/ Domisili/ Jenis usaha/ Tahun / Year Start of commercial Jumlah Aset/ Total Asset
Subsidiaries Domicile Nature of business 2013 2012 operations 2013 2012

PT Pancaprima Tangerang Industri garmen/ 99.91% 99.91% 1998 87.772.322 86.231.242


Ekabrothers Garment Industry
PT Hollit Jakarta Agen Penjualan/ 51.04% 51.04% 2005 12.342.181 16.221.897
International Buying Agent
Continent 8 Singapura Agen Penjualan/ 51.00% 51.00% 2012 5.036.724 10.966.123
PTE.Ltd Buying Agent
PT Ocean Asia Serang Industri Textile 51,00% 51,00% 2011 16.646.040 2.293.253
Industry Textile Industry
PT Eco Smart Boyolali Industri Textile 85,00% 0,00% 2013 859.312 -
Garment Indonesia Textile Industry
PT Apparelindo Jakarta Industri Textile 99,00% 0,00% 2013 2.040.805 -
Prima Sentosa Textile Industry
Tahun operasi komersial/
Entitas Anak/ Domisili/ Jenis usaha/ Tahun / Year Start of commercial Jumlah Aset/ Total Asset
Subsidiaries Domicile Nature of business 2011 operations 2011

PT Pancaprima Tangerang Industri garmen/ 99.91% 1998 90.000.737


Ekabrothers Garment Industry
PT Hollit Jakarta Agen Penjualan/ 51.04% 2005 12.107.482
International Buying Agent
Continent 8 Singapura Agen Penjualan/ 0,00% 2012 -
PTE.Ltd Buying Agent
PT Ocean Asia Serang Industri Textile 0,00% 2011 -
Industry Textile Industry

d. Dewan Komisaris dan Direktur d. Board of Commissioners and Directors

Sesuai dengan akta notaris Fathiah Helmi, S.H, No. 31 tanggal 15 Based on notarial deeds of Fathiah Helmi, S.H, No. 31 dated May
Mei 2012 yang kemudian mengalami perubahan sesuai dengan akta 15, 2012, which was later amendment the deed of notary Fathiah
notaris Fathiah Helmi, S.H, No.108 tanggal 31 Mei 2013 dan telah Helmi, S.H, No. 108 dated May 31, 2013 and the amendment was
mendapatkan pengesahan dari Menteri Hukum dan Hak Asasi approved by the Minister of Law and Human Rights in decision
Manusia dengan no. AHU-AH.01.10-29720 tanggal 19 Juli 2013, letter No. AHU-AH.01.10-29720 dated July 19, 2013 the
susunan pengurus Perusahaan per 31 Desember 2013, 2012 dan 1 composition of the Companys board of Commissioners and
Januari 2012 adalah sebagai berikut: Directors as for December 31, 2013, 2012 and January 1, 2012 are
as follows:

31 Desember 2013 31 Desember 2012 1 Januari 2012


Dewan Komisaris Board of Commissioners
Komisaris Utama Supandi Widi Siswanto Lee Wan Ju Lee Wan Ju President Commissioner
Wakil Komisaris Utama Dhanny Cahyadi Kawiro Susilo Kawiro Susilo Vice President Commissioner
Komisaris Independen Sutjipto Budiman Sutjipto Budiman Sutjipto Budiman Independent Commisioner
Direksi Board of Directors
Direktur Utama Ludijanto Setijo Ludijanto Setijo Ludijanto Setijo President Director
Wakil Direktur Utama Anne Patricia Sutanto Anne Patricia Sutanto Anne Patricia Sutanto Vice President Director
Direktur Fitri Ratnasari Hartono Fitri Ratnasari Hartono Fitri Ratnasari Hartono Directors
Lilik Setijo Lilik Setijo Lilik Setijo
Murali Krishnan Murali Krishnan Kuo Yu Hsiang
Ramakrishna Pillai Ramakrishna Pillai Lucia Sitiabudi
Hwang Sei Wook Kuo Yu Hsiang Hendraka
Lucia Sitiabudi
Hendraka
Komite Audit Audit Committee
Ketua Sutjipto Budiman Sutjipto Budiman Sutjipto Budiman Chairman
Anggota Bunardy Limanto Bunardy Limanto Bunardy Limanto Members
Toni Setioko Toni Setioko Toni Setioko

8
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

1. Umum - lanjutan 1. General - continued

d. Dewan Komisaris dan Direktur d. Board of Commissioners and Directors


Jumlah kompensasi yang diterima oleh Dewan Komisaris Perusahaan The total amounts of compensation received by the Boards of
untuk tahun yang berakhir pada tanggal 31 Desember 2013, 2012 Commissioners of the Company for the years ended December 31,
dan 1 Januari 2012 sebesar USD 205.628, USD 127.750 dan USD 2013, 2012 and January 1, 2012 amounted USD 205.628, USD
123.067. 127.750 and USD 123.067.
Jumlah kompensasi yang diterima oleh Dewan Direksi Perusahaan The total amounts of compensation received by the Directors of the
untuk tahun yang berakhir pada tanggal 31 Desember 2013, 2012 Company for the years ended December 31, 2013, 2012 and
dan 1 Januari 2012 sebesar USD 1.043.795, USD 941.672 dan USD January 1, 2012 amounted USD 1.043.795, USD 941.672 and USD
848.119. 848.119.
Jumlah karyawan Perusahaan dan entitas anak untuk tahun yang The number of employees of the Company and subsidiaries for the
berakhir pada tanggal 31 Desember 2013, 2012 dan 1 Januari 2012 year ended December 31. 2013. 2012 and January 1. 2012
masing-masing sebanyak 17.523 karyawan, 16.687 karyawan dan respectively 17.523 employees, 16.687 employees and 13.064
13.064 karyawan. employees.

e. Penyelesaian laporan keuangan e. Completion of the financial statements


Manajemen Perusahaan bertanggung jawab atas penyusunan laporan The Companys management is responsible for the preparation of
keuangan dan telah menyetujui untuk menerbitkan laporan keuangan these financial statements and has approved that the Companys
Perusahaan untuk tahun yang berakhir pada tanggal 31 Desember financial statements for the years ended December 31, 2013 to be
2013, pada tanggal 28 Februari 2014. issued on February 28, 2014.

2. Ikhtisar Kebijakan Akuntansi Signifikan 2. Summary of significant accounting policies

a. Penyajian laporan keuangan a. Financial statement presentation


Laporan keuangan konsolidasian telah disusun sesuai dengan Standar The consolidated financial statements have been prepared in
Akuntansi Keuangan di Indonesia (SAK), yang mencakup accordance with Indonesian Financial Accounting Standards
Pernyataan dan Interpretasi yang dikeluarkan oleh Dewan Standar (SAK), which comprise the Statements and Interpretations issued
Akuntansi Keuangan Ikatan Akuntan Indonesia(DSAK) serta by the Financial Accounting Standards Board of the Indonesian
Peraturan No. VIII.G.7 mengenai Pedoman Penyajian dan Institute of Accountants (DSAK) and the Regulation No. VIII.G.7
Pengungkapan Laporan Keuangan yang diterbitkan oleh BAPEPAM- on the Guidelines for Financial Statement Presentation and
LK. Seperti diungkapkan dalam catatan-catatan terkait di bawah ini, Disclosures issued by the BAPEPAM-LK. As disclosed further in the
beberapa standar akuntansi yang telah direvisi dan diterbitkan, relevant succeeding notes, several amended and published
diterapkan efektif tanggal 1 Januari 2012. accounting standards have been adopted effective January 1, 2012.

Laporan keuangan konsolidasian disusun sesuai dengan Pernyataan The consolidated financial statements are prepared in accordance
Standar Akuntansi Keuangan (PSAK) 1 (Revisi 2009), Penyajian with Statement of Financial Accounting Standards (PSAK) 1
Laporan Keuangan yang diterapkan pada tanggal 1 Januari 2011. (Revised 2009), Presentation of Financial Statements, adopted on
January 1, 2011.

Laporan keuangan konsolidasian telah disusun berdasarkan konsep The consolidated financial statements have been prepared on the
akrual dan menggunakan konsep biaya historis, kecuali untuk akun accrual basis using the historical cost concept, except for certain
tertentu yang diukur dengan menggunakan dasar seperti yang accounts which are measured on the bases as described in the
disebutkan dalam catatan atas laporan keuangan konsolidasian yang relevant notes to the consolidated financial statements herein.
relevan di bawah ini.
Laporan Keuangan Konsolidasian disajikan dengan menggunakan The presentation of the consolidated financial statement using US
mata uang Dollar Amerika (USD) yang merupakan mata uang Dollar (USD) as the functional currency of the Company.
fungsional Perusahaan.

PSAK No. 1 (revisi 2009) - Penyajian Laporan Keuangan PSAK No.1 (revised 2009) - Presentation of Financial Statement
PSAK no.1 (revisi 2009) - Penyajian laporan keuangan yang berlaku Effective January 1, 2011 PSAK No. 1 (revised 2009) Presentation of
efektif 1 Januari 2011 menetapkan persyaratan untuk penyajian Financial Statement January 1, 2011 (which effective) sets overall
laporan keuangan secara keseluruhan dan memberikan pedoman requirements for the presentation of financial statements and
untuk struktur dan persyaratan minimum penyajian laporan provides guidelines for their structure and minimum requirement for
keuangan. their content.

Laporan utama yang baru, yaitu "laporan laba rugi komprehensif", New primary statement, the "statement of comprehensive income",
telah disajikan dalam laporan konsolidasian ini. has been presented in this consolidated financial statements.

9
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

2. Ikhtisar kebijakan akuntansi signfikan - lanjutan 2. Summary of significant accounting policies - continued

a. Penyajian laporan keuangan a. Financial statement presentation


PSAK No. 1 (revisi 2009) - Penyajian Laporan Keuangan PSAK No.1 (revised 2009) - Presentation of Financial Statement

Dalam informasi tambahan, Perusahaan menyajikan laporan In supplementary information, the Company presented separate
keuangan tersendiri untuk entitas induk saja. Sesuai dengan PSAK financial statements for parent company only. In accordance with
No. 4 (revisi 2009), yang berlaku efektif 1 Januari 2011, Penyertaan PSAK No. 4 (revised 2009), investment in subsidiaries are presented
Perusahaan pada entitas anak disajikan berdasarkan metode biaya. under cost method.

Entitas induk mengakui dividen dari entitas anak pada laporan laba The Company recognizes dividends from subsidiaries in the
rugi dalam laporan keuangan tersendiri ketika hak menerima dividen consolidated financial statements separate when the right to receive
ditetapkan. dividend is declared.

b. Prinsip konsolidasian b. Principles of consolidation


Laporan keuangan konsolidasian menggabungkan laporan keuangan The consolidated financial statements combined the financial
Perusahaan dan entitas yang dikendalikan oleh Perusahaan dan statements of the Company and entities controlled by the Company
entitas anak (termasuk entitas bertujuan khusus). Pengendalian and its subsidiaries (including a special purpose entity). Control is
dianggap ada apabila Perusahaan mempunyai hak untuk mengatur achieved where the Company has the power to govern the financial
dan menentukan kebijakan finansial dan operasional dari investee and operating policies of the investee entity so as to obtain benefits
untuk memperoleh manfaat dari aktivitasnya. from its activities.

Laporan keuangan konsolidasian meliputi akun-akun Entitas Anak The consolidated financial statements include the accounts of the
yang dimiliki oleh Perusahaan dengan persentase pemilikan lebih Subsidiaries which are more than 50% owned, directly or indirectly.
dari 50%, baik secara langsung maupun tidak langsung.

Kepentingan dari pemegang saham non pengendali terdiri dari The interest of non-controlling shareholders consist of the amount of
jumlah kepemilikan pada tanggal terjadinya kombinasi bisnis dan those interest at the date of original business combination and non-
bagian kepentingan non pengendali dari perubahan ekuitas sejak controlling interest share of movements in equity since the date of
tanggal terjadinya kombinasi bisnis. Sebelum 1 Januari 2011, the business combination. Prior to January 1, 2011, any losses
kerugian yang menjadi bagian non pengendali yang melebihi hak non applicable to the non-controlling interest in excess of the non-
pengendali dialokasikan kepada bagian entitas induk. Efektif 1 controlling interest are allocated against the interests of the parent.
Januari 2011, jumlah laba rugi komprehensif diatribusikan pada Effective January 1, 2011, total comprehensive income is attributed
pemilik entitas induk dan kepentingan non pengendali bahkan jika to owners of the parent and to the non-controlling interests include if
hal ini mengakibatkan kepentingan non pengendali bersaldo defisit. that impact having a deficit balance.

Hasil dari entitas anak yang diakuisisi atau dijual selama periode The results of subsidiaries acquired or disposed of during the year
berjalan termasuk dalam laporan laba rugi komprehensif are included in the consolidated statements of comprehensive
konsolidasian sejak tanggal efektif akuisisi atau sampai dengan income from the effective date of acquisition or up to the effective
tanggal efektif penjualan. date of disposal, as appropriate.

Penyesuaian dapat dilakukan terhadap laporan keuangan entitas anak Where necessary, adjustments are made to the financial statements
agar kebijakan akuntansi yang digunakan sesuai dengan kebijakan of the subsidiaries to bring the accounting policies used in line with
akuntansi yang digunakan oleh Perusahaan. used by the Company.

Seluruh transaksi material dan saldo akun antar perusahaan All material intercompany transactions and account balances
(termasuk laba atau rugi yang signifikan yang belum direalisasi) (including the related significant unrealized gains or losses) have
telah dieliminasi. been eliminated.
Perubahan dalam bagian kepemilikan entitas pada entitas anak yang Change in the parent's interest in subsidiaries that do not result in
tidak mengakibatkan hilangnya pengendalian dicatat sebagai loss of control are accounted for equity transactions. The carrying
transaksi ekuitas. Nilai tercatat kepentingan entitas induk dan amount of the parent's interest and non controlling interest are
kepentingan non pengendali disesuaikan untuk mencerminkan adjusted to reflect the changes in their relative interests in the
perubahan bagian kepemilikannya atas entitas anak. Setiap subsidiaries. Any difference between the amount by which the non-
perbedaan antara jumlah kepentingan non pengendali disesuaikan controlling interests are adjusted and the fair value of the
dan nilai wajar imbalan yang diberikan atau diterima diakui secara consideration paid or received is recognized directly in equity and
langsung dalam ekuitas dan diatribusikan pada entitas induk dalam attributed to parent in its capacity as owner.
kapasitasnya sebagai pemilik.

10
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

2. Ikhtisar kebijakan akuntansi signfikan - lanjutan 2. Summary of significant accounting policies - continued

b. Prinsip konsolidasian - lanjutan b. Principles of consolidation - continued


Jika entitas induk kehilangan pengendalian atas entitas anak, maka When the parent loses control of a subsidiary, the profit or loss on
keuntungan atau kerugian pelepasan merupakan perbedaan antara (i) disposal is calculated as the difference between (i) the aggregate of
nilai wajar pembayaran yang diterima dan nilai wajar dari sisa the fair value of the consideration received and the fair value of any
investasi pada entitas anak dan (ii) jumlah tercatat aset (termasuk retained interest and (ii) the previous carrying amount of the assets
goodwill) dan liabilitas entitas anak serta setiap kepentingan non (including goodwill), and liabilities of the subsidiary and any non-
pengendali. Jika entitas induk kehilangan pengendalian atas entitas controlling interests. If parent lost control of subsidiary amounts
anak maka entitas induk mencatat semua jumlah yang diakui dalam previously recognized in other comprehensive income in relation to
pendapatan komprehensif lain yang terkait dengan entitas anak the subsidiary are accounted for (i.e. reclassified to profit or loss or
tersebut (reklasifikasi ke laba atau rugi atau transfer secara langsung transferred directly to retained earnings) in the same manner as
ke saldo laba) dengan dasar yang sama diisyaratkan jika entitas would be required if the relevant assets or liabilities were disposed
induk melepaskan secara langsung aset dan liabilitas terkait. of.

Nilai wajar setiap sisa investasi pada entitas anak terdahulu pada The fair value of any investment retained in the former subsidiary at
tanggal hilangnya pengendalian dianggap sebagai nilai wajar pada the date when control is lost is regarded as the fair value on initial
saat pengakuan awal aset keuangan sesuai dengan PSAK 55 (Revisi recognition for subsequent accounting under PSAK 55 (revised
2006) Instrumen Keuangan, Pengakuan dan Pengukuran, atau (jika 2006) Financial Instruments, Recognition and Measurement, or
sesuai) biaya perolehan saat pengakuan awal investasi pada entitas when applicable, the cost on initial recognition of an investment in
asosiasi atau pengendalian bersama entitas. an associate or jointly controlled entity.

c. Kombinasi Bisnis c. Business Combinations


Efektif tanggal 1 Januari 2011, Perusahaan dan Entitas Anak Effective January 1, 2011, the Company and Subsidiaries
menerapkan secara prospektif PSAK No. 22 (Revisi 2010), prospectively adopted PSAK No. 22 (Revised 2010), Business
Kombinasi Bisnis yang berlaku bagi kombinasi bisnis yang terjadi Combinations, applicable for business combinations that occur on
pada atau setelah awal tahun/periode buku yang dimulai pada atau or after the beginning of a financial year/period commencing on or
setelah tanggal 1 Januari 2011. after January 1, 2011.
Kombinasi bisnis dicatat dengan menggunakan metode akuisisi. Business combinations are accounted for using the acquisition
Biaya perolehan dari sebuah akuisisi diukur pada nilai agregat method. The cost of an acquisition is measured as the aggregate of
imbalan yang dialihkan, diukur pada nilai wajar pada tanggal the consideration transferred, measured at acquisition-date fair
akuisisi, dan jumlah setiap KNP pada pihak yang diakuisisi. Untuk value and the amount of any NCI in the acquiree. For each business
setiap kombinasi bisnis, pihak pengakuisisi mengukur KNP pada combination, the acquirer measures the NCI in the acquiree either at
entitas yang diakuisisi baik pada nilai wajar ataupun pada proporsi fair value or at the proportionate share of the acquirees identifiable
kepemilikan KNP atas aset neto yang teridentifikasi dari entitas yang net assets. Acquisition costs incurred are directly expensed and
diakuisisi. Biaya-biaya akuisisi yang timbul dibebankan langsung included in administrative expenses.
dan disertakan dalam beban-beban administrasi.

PSAK No. 22 (Revisi 2010) menjelaskan transaksi atau peristiwa PSAK No. 22 (Revised 2010) stipulates the nature of a transaction or
lain yang memenuhi definisi kombinasi bisnis guna meningkatkan other event that meets the definition of a business combination to
relevansi, keandalan, dan daya banding informasi yang disampaikan improve the relevance, reliability and comparability of the
entitas pelapor dalam laporan keuangannya tentang kombinasi bisnis information that a reporting entity provides in its financial
dan dampaknya. statements about a business combination and its effects.

Sesuai dengan ketentuan transisi dari PSAK No. 22 (Revisi 2010), In accordance with the transitional provision of PSAK No. 22
sejak tanggal 1 Januari 2011, Perusahaan dan Entitas Anak: (Revised 2010), starting January 1, 2011, the Company and
Subsidiaries:
menghentikan amortisasi goodwill; ceased the goodwill amortization;
mengeliminasi jumlah tercatat akumulasi amortisasi goodwill eliminated the carrying amount of the related accumulated
terkait; dan amortization of goodwill; and
melakukan uji penurunan nilai atas goodwill sesuai dengan performed an impairment test of goodwill in accordance with
PSAK No. 48 (Revisi 2009), Penurunan Nilai Aset. PSAK No. 48 (Revised 2009), Impairment of Assets.

11
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

2. Ikhtisar kebijakan akuntansi signfikan - lanjutan 2. Summary of significant accounting policies - continued

c. Kombinasi Bisnis - lanjutan c. Business Combinations - continued


Kombinasi bisnis dicatat dengan menggunakan metode akuisisi. Business combinations are accounted for using the acquisition
Biaya perolehan dari sebuah akuisisi diukur pada nilai agregat method. The cost of an acquisition is measured as the aggregate of
imbalan yang dialihkan, diukur pada nilai wajar pada tanggal the consideration transferred, measured at acquisition date fair
akuisisi dan jumlah setiap Kepentingan Non Pengendali (KNP) pada value and the amount of any NCI in the acquiree. For each business
pihak yang diakuisisi. Untuk setiap kombinasi bisnis, pihak combination, the acquirer measures the NCI in the acquiree either at
pengakuisisi mengukur KNP pada entitas yang diakuisisi baik pada fair value or at the proportionate share of the acquirees identifiable
nilai wajar ataupun pada proporsi kepemilikan KNP atas aset neto net assets. Transaction costs incurred are directly expensed and
yang teridentifikasi dari entitas yang diakuisisi. Biaya-biaya akuisisi included in administrative expenses.
yang timbul dibebankan langsung dan disertakan dalam beban-beban
administrasi.

Ketika melakukan akuisisi atas sebuah bisnis, Perusahaan dan When the Company and Subsidiaries acquires a business, it assesses
Entitas Anak mengklasifikasikan dan menentukan aset keuangan the financial assets acquired and liabilities assumed for appropriate
yang diperoleh dan liabilitas keuangan yang diambil alih berdasarkan classification and designation in accordance with the contractual
pada persyaratan kontraktual, kondisi ekonomi dan kondisi terkait terms, economic circumstances and pertinent conditions as of the
lain yang ada pada tanggal akuisisi. Hal ini termasuk pengelompokan acquisition date. This includes the separation of embedded
derivatif melekat dalam kontrak utama oleh pihak yang diakuisisi. derivatives in host contracts by the acquiree.
Dalam suatu kombinasi bisnis yang dilakukan secara bertahap, pihak If the business combination is achieved in stages, the acquisition
pengakuisisi mengukur kembali kepentingan ekuitas yang dimiliki date fair value of the acquirers previously held equity interest in the
sebelumnya pada pihak yang diakuisisi pada nilai wajar tanggal acquiree is remeasured to fair value at the acquisition date through
akuisisi dan mengakui keuntungan atau kerugian yang dihasilkan profit or loss.
sebagai laba rugi.

Imbalan kontijensi yang dialihkan oleh pihak pengakuisisi diakui Any contingent consideration to be transferred by the acquirer will
pada nilai wajar tanggal akuisisi. Perubahan nilai wajar atas imbalan be recognized at fair value at the acquisition date. Subsequent
kontijensi setelah tanggal akuisisi yang diklasifikasikan sebagai aset changes to the fair value of the contingent consideration which is
atau liabilitas, akan diakui sebagai laba rugi atau pendapatan deemed to be an asset or liability, will be recognized in accordance
komprehensif lain sesuai dengan PSAK No. 55. Jika diklasifikasikan with PSAK No. 55 either in profit or loss or as other comprehensive
sebagai ekuitas, imbalan kontinjensi tidak diukur kembali sampai income. If the contingent consideration is classified as equity, it
penyelesaian selanjutnya diperhitungkan dalam ekuitas. should not be remeasured until it is finally settled within equity.

Pada tanggal akuisisi, goodwill awalnya diukur pada harga perolehan At acquisition date, goodwill is initially measured at cost being the
yang merupakan selisih lebih nilai agregat dari imbalan yang excess of the aggregate of the consideration transferred and the
dialihkan dan total setiap KNP atas selisih total dari aset amount recognized for NCI over the net identifiable assets acquired
teridentifikasi yang diperoleh dan liabilitas yang diambil alih. Jika and liabilities assumed. If this consideration is lower than the fair
imbalan tersebut kurang dari nilai wajar aset neto entitas anak yang value of the net assets of the subsidiary acquired, the difference is
diakuisisi, selisih tersebut diakui sebagai laba rugi. recognized in profit or loss.

Setelah pengakuan awal, goodwill diukur pada jumlah tercatat After initial recognition, goodwill is measured at cost less any
dikurangi akumulasi kerugian penurunan nilai. Untuk tujuan uji accumulated impairment losses. For the purpose of impairment
penurunan nilai, goodwill yang diperoleh dari suatu kombinasi testing, goodwill acquired in a business combination is allocated
bisnis, sejak tanggal akuisisi dialokasikan kepada setiap Unit from the acquisition date, to each of the Company and Subsidiaries
Penghasil Kas (UPK) dari Perusahaan dan Entitas Anak yang Cash-Generating Units (CGU) that are expected to benefit from
diharapkan akan bermanfaat dari sinergi kombinasi tersebut, terlepas the combination, irrespective of whether other assets or liabilities of
dari apakah aset atau liabilitas lain dari pihak yang diakuisisi the acquired are assigned to those CGUs.
ditetapkan atas UPK tersebut.
Jika goodwill telah dialokasikan pada suatu UPK dan operasi Where goodwill forms part of a CGU and part of the operation
tertentu atas UPK tersebut dihentikan, maka goodwill yang within that CGU is disposed of, the goodwill associated with the
diasosiasikan dengan operasi yang dihentikan tersebut termasuk operation disposed of is included in the carrying amount of the
dalam jumlah tercatat operasi tersebut ketika menentukan operation when determining the gain or loss on disposal of the
keuntungan atau kerugian dari pelepasan. Goodwill yang dilepaskan operation. Goodwill disposed of in this circumstance is measured
tersebut diukur berdasarkan nilai relatif operasi yang dihentikan dan based on the relative values of the operation disposed of and the
porsi UPK yang ditahan. portion of the CGU retained.

12
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

2. Ikhtisar kebijakan akuntansi signfikan - lanjutan 2. Summary of significant accounting policies - continued

d. Transaksi dalam mata uang asing d. Foreign currency transactions


Efektif tanggal 1 Januari 2012, Perusahaan dan Entitas Anak Effective on January 1, 2012, the Company and Subsidiaries applied
menerapkan PSAK No. 10 (Revisi 2010), Pengaruh Perubahan PSAK No. 10 (Revised 2010), The Effects of Changes in Foreign
Nilai Tukar Mata Uang Asing, yang menggambarkan bagaimana Exchange Rates, which describes how to include foreign currency
memasukkan transaksi mata uang asing dalam laporan keuangan transactions in the consolidated financial statements of an entity and
konsolidasi entitas dan menjabarkan laporan keuangan ke dalam translate financial statements into a presentation currency. Each
mata uang penyajian. Masing-masing entitas mempertimbangkan entity considers the primary indicators and other indicators in
indikator utama dan indikator lainnya dalam menentukan mata uang determining its functional currency. The Company determined that
fungsionalnya. Perusahaan menentukan bahwa mata uang fungsional the Company and Subsidiaries functional currency is the US Dollar
Perusahaan dan Entitas Anak adalah Dolar AS dan memutuskan and decided that the presentation currency for the consolidated
mata uang penyajian laporan keuangan konsolidasian menggunakan financial statements is the US Dollar. In relation to such change in
Dolar AS. Sehubungan dengan perubahan mata uang penyajian the presentation currency, the consolidated statements of financial
tersebut, laporan posisi keuangan konsolidasian tanggal 31 position as of December 31, 2012 and January 1, 2012 and the
Desember 2012, dan 1 Januari 2012 dan laporan laba rugi consolidated statement of comprehensive income, changes in equity
komprehensif konsolidasian, laporan perubahan ekuitas and cash flows were restated and presented using the US Dollar as
konsolidasian dan laporan arus kas konsolidasian disajikan kembali their presentation currency.
dengan menggunakan mata uang penyajian Dolar AS.

Dampak dari penerapan awal PSAK No. 10 (Revisi 2010) termasuk The impact of the initial adoption of PSAK No. 10 (Revised 2010),
reklasifikasi sebagaimana diungkapkan pada catatan 39 adalah including the reclassification as disclosed in Note 39, are as follows:
sebagai berikut:

31 Desember 2012/ December 31, 2012


Dilaporkan
Sebelumnya/
As previously Disajikan Kembali/
Reported As Restated
(Dalam Rupiah/ (Dalam Dollar AS/
In Rupiah) In US Dollar)
Aset Assets

Aset lancar Current assets


Kas dan setara kas 171.544.639.293 17.739.854 Cash and cash equivalents
Piutang usaha : Account receivables
- pihak ketiga 508.505.185.260 52.615.964 third parties -
- pihak berelasi 362.702.392 37.508 related parties -
Piutang lain-lain : Other receivables
- pihak ketiga 20.083.782.362 2.668.720 third parties -
Persediaan 523.193.448.878 54.090.330 Inventories
Pajak dibayar di muka 57.968.452.556 5.529.007 Prepaid taxes
Beban dibayar di muka 6.697.067.806 1.245.073 Prepaid expenses
Uang muka 164.936.752.600 13.653.438 Advance payments
Jumlah aset lancar 1.484.302.727.167 147.579.894 Total current assets

Aset tidak lancar Non-current assets

Piutang tidak lancar lainnya - afiliasi 31.010.696.021 3.187.819 Non current receivables - related party
Investasi jangka panjang 185.987.752 19.384 Long term investment
Aset pajak tangguhan bersih 6.498.149.194 674.423 Deferred tax assets - net
Aset tetap - setelah dikurangi Fixed assets - net of
akumulasi penyusutan 474.636.442.299 52.990.246 accumulated depreciation
Aset tidak berwujud 32.404.621.687 3.409.568 Intangible assets
Aset lain-lain 5.069.703.727 440.140 Other assets
Jumlah aset tidak lancar 518.794.904.659 60.721.580 Total non-current assets
Jumlah aset 2.003.097.631.825 208.301.474 Total assets

13
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

2. Ikhtisar kebijakan akuntansi signfikan - lanjutan 2. Summary of significant accounting policies - continued

d. Transaksi dalam mata uang asing - lanjutan d. Foreign currency transactions - continued

31 Desember 2012/ December 31, 2012


Dilaporkan
Sebelumnya/
As previously Disajikan Kembali/
Reported As Restated
(Dalam Rupiah/ (Dalam Dollar AS/
In Rupiah) In US Dollar)
Liabilitas dan ekuitas Liabilities and equity

Liabilitas jangka pendek Current liabilities


Pinjaman jangka pendek 672.984.152.193 69.570.228 Short term loans
Utang usaha : Trade payables
- pihak ketiga 408.003.622.031 40.058.335 third parties -
- pihak berelasi 2.062.318.992 213.953 related parties -
Utang lain-lain : Other payables
- pihak ketiga 16.243.186.417 2.552.004 third parties -
- pihak berelasi 463.735.390 41.595 related parties -
Beban masih harus dibayar 19.013.082.324 1.756.553 Accrued expenses
Utang pajak 4.749.717.357 642.162 Taxes payables
Bagian liabilitas jangka panjang Long term payables
yang jatuh tempo dalam 1 tahun current maturity
- pinjaman jangka panjang 1.954.219.970 202.091 long term loans -
- sewa 3.456.849.092 357.481 lease -
Jumlah liabilitas jangka pendek 1.128.930.883.767 115.394.402 Total current liabilities

Liabilitas jangka panjang Non current liabilities


Pinjaman jangka panjang 330.636.640 - Long term loans
Sewa 1.747.810.742 214.939 Lease
Liabilitas imbalan paska kerja 47.588.059.770 4.921.206 Post employment benefit liability
Jumlah liabilitas jangka panjang 49.666.507.152 5.136.145 Total non current liabilities
Jumlah liabilitas 1.178.597.390.919 120.530.547 Total liabilities

Ekuitas Equity
Modal Saham Share capital
nilai nominal Rp 25 per saham nominal value Rp 25 per shares
modal dasar Rp 300.000.000.000 authorized - Rp 300.000.000.000
ditempatkan dan disetor penuh issued and fully paid 3.065.612.208
3.065.612.208 dan 3.063.861.660 saham 76.640.305.200 23.189.970 and 3.063.861.660 shares
Tambahan modal disetor 419.791.812.553 47.843.228 Additional paid-in capital
Saldo laba Retained earnings
ditentukan penggunaannya 9.000.000.000 985.399 Appropriated
belum ditentukan penggunaannya 237.040.815.664 26.031.082 Unappropriated
Pendapatan komprehensif lainnya (18.481) Other comprehensive income.
Selisih penilaian kembali 51.871.018.017 (12.818.807) Remeasurement in foreign currency
Ekuitas yang dapat diatribusikan Equity attributable to the
kepada pemilik entitas induk 794.343.951.434 85.212.391 owners of parent
Kepentingan non-pengendali 30.156.289.472 2.558.536 Non-controlling interest
Jumlah ekuitas 824.500.240.906 87.770.927 Total equity
Jumlah liabilitas dan ekuitas 2.003.097.631.825 208.301.474 Total liabilities and equity

14
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

2. Ikhtisar kebijakan akuntansi signfikan - lanjutan 2. Summary of significant accounting policies - continued

d. Transaksi dalam mata uang asing - lanjutan d. Foreign currency transactions - continued

31 Desember 2011/ January 1, 2012


Dilaporkan
Sebelumnya/
As previously Disajikan Kembali/
Reported As Restated
(Dalam Rupiah/ (Dalam Dollar AS/
In Rupiah) In US Dollar)
Aset Assets
Aset lancar Current assets
Kas dan setara kas 176.849.137.305 19.722.199 Cash and cash equivalents
Piutang usaha : Account receivables
- pihak ketiga 312.660.783.343 35.053.516 third parties -
- pihak berelasi 5.646.524.724 622.686 related parties -
Piutang lain-lain : Other receivables
- pihak ketiga 15.123.860.965 1.814.027 third parties -
Persediaan 423.545.894.066 48.028.061 Inventories
Pajak dibayar di muka 29.971.742.081 3.499.703 Prepaid taxes
Beban dibayar di muka 6.022.198.349 1.036.425 Prepaid expenses
Uang muka 127.751.251.004 12.475.598 Advance payments
Jumlah aset lancar 1.125.989.491.717 122.252.215 Total current assets

Aset tidak lancar Non-current assets

Piutang tidak lancar lainnya - afiliasi 28.418.099.881 3.134.057 Non current receivables - related party
Investasi jangka panjang 212.250.000 19.384 Long term investment
Aset pajak tangguhan bersih 6.158.060.717 686.332 Deferred tax assets - net
Aset tetap - setelah dikurangi Fixed assets - net of
akumulasi penyusutan 348.591.354.198 43.853.383 accumulated depreciation
Aset tidak berwujud 29.451.750.752 3.423.997 Goodwill
Aset lain-lain 4.635.532.511 530.836 Other assets
Jumlah aset tidak lancar 389.048.948.178 51.647.990 Total non-current assets
Jumlah aset 1.515.038.439.895 173.900.205 Total assets

Liabilitas dan ekuitas Liabilities and equity

Liabilitas jangka pendek Current liabilities


Pinjaman jangka pendek 482.409.171.568 53.199.071 Short term loans
Utang usaha : Trade payables
- pihak ketiga 216.764.950.750 25.503.017 third parties -
- pihak berelasi 1.192.047.113 131.457 related parties -
Utang lain-lain : Other payables
- pihak ketiga 24.778.597.302 2.817.161 third parties -
- pihak berelasi 390.179.057 43.028 related parties -
Beban masih harus dibayar 10.607.369.892 1.347.352 Accrued expenses
Utang pajak 11.862.924.375 1.308.218 Taxes payables
Bagian liabilitas jangka panjang Long term payables
yang jatuh tempo dalam 1 tahun current maturity
- pinjaman jangka panjang 30.790.917.257 3.360.941 long term loans -
- sewa 3.224.233.459 390.177 lease -
Jumlah liabilitas jangka pendek 782.020.390.773 88.100.423 Total current liabilities

15
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

2. Ikhtisar kebijakan akuntansi signfikan - lanjutan 2. Summary of significant accounting policies - continued

d. Transaksi dalam mata uang asing - lanjutan d. Foreign currency transactions - continued

31 Desember 2011/ January 1, 2012


Dilaporkan
Sebelumnya/
As previously Disajikan Kembali/
Reported As Restated
(Dalam Rupiah/ (Dalam Dollar AS/
In Rupiah) In US Dollar)
Liabilitas jangka panjang Non current liabilities

Pinjaman jangka panjang 2.115.203.397 175.000 Long term loans


Sewa 2.345.931.249 316.965 Lease
Liabilitas imbalan paska kerja 44.220.474.669 4.740.958 Post employment benefit liability
Jumlah liabilitas jangka panjang 48.681.609.315 5.232.922 Total non current liabilities
Jumlah liabilitas 830.702.000.088 93.333.345 Total liabilities

Ekuitas Equity
Modal Saham Share capital
nilai nominal Rp 25 per saham nominal value Rp 25 per shares
modal dasar Rp 300.000.000.000 authorized - Rp 300.000.000.000
ditempatkan dan disetor penuh issued and fully paid 3.065.612.208
3.065.612.208 dan 3.063.861.660 saham 76.596.541.500 23.185.438 and 3.063.861.660 shares
Tambahan modal disetor 419.135.357.053 47.775.250 Additional paid-in capital
Saldo laba Retained earnings
ditentukan penggunaannya 8.000.000.000 877.641 Appropriated
belum ditentukan penggunaannya 167.447.824.166 19.539.774 Unappropriated
Selisih penilaian kembali (243.281.290) (12.818.807) Remeasurement in foreign currency
Ekuitas yang dapat diatribusikan Equity attributable to the
kepada pemilik entitas induk 670.936.441.429 78.559.296 owners of parent
Kepentingan non-pengendali 13.399.998.378 2.007.564 Non-controlling interest
Jumlah ekuitas 684.336.439.807 80.566.860 Total equity
Jumlah liabilitas dan ekuitas 1.515.038.439.895 173.900.204 Total liabilities and equity

31 Desember 2012/ December 31, 2012


Dilaporkan
Sebelumnya/
As previously Disajikan Kembali/
Reported As Restated
(Dalam Rupiah/ (Dalam Dollar AS/
In Rupiah) In US Dollar)

Penjualan bersih 2.698.804.647.288 286.613.923 Net sales


Beban pokok penjualan 2.385.443.683.678 254.900.267 Cost of goods sold
Laba kotor 313.360.963.610 31.713.656 Gross profit

Beban operasi Operating expenses


Beban penjualan 37.813.264.280 3.951.009 Selling expenses
Beban umum dan administrasi 134.427.819.056 13.799.534 General & administrative expenses
Jumlah beban operasi 172.241.083.336 17.750.542 Total operating expenses
Laba operasi 141.119.880.274 13.963.113 Profit from operations

16
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

2. Ikhtisar kebijakan akuntansi signfikan - lanjutan 2. Summary of significant accounting policies - continued

d. Transaksi dalam mata uang asing - lanjutan d. Foreign currency transactions - continued

31 Desember 2012/ December 31, 2012


Dilaporkan
Sebelumnya/
As previously Disajikan Kembali/
Reported As Restated
(Dalam Rupiah/ (Dalam Dollar AS/
In Rupiah) In US Dollar)

Pendapatan (beban) lain-lain Other income (expenses)


Pendapatan bunga 15.824.418.313 1.950.930 Interest income
Laba (rugi) penjualan aset tetap (264.259.080) (45.979) Gain (loss) on sale fixed asset
Laba (rugi) selisih kurs, bersih (16.235.804.875) (3.733.634) Gain (loss) on foreign exchange, net
Beban bunga (34.894.964.875) (3.894.772) Interest expenses
Lain-lain 3.788.805.650 773.928 Others
Pendapatan (beban) lain-lain, bersih (31.781.804.867) (4.949.527) Other income (expenses), net
Laba sebelum manfaat (beban) pajak 109.338.075.407 9.013.587 Income before tax benefit (expenses)

Manfaat (beban) pajak : Tax benefit (expense) :


Kini (18.445.718.562) 7.480.247 Current
Tangguhan (479.212.264) (9.460) Deferred
Beban pajak - neto (18.924.930.826) (2.080.766) Tax expense - net
Laba periode berjalan 90.413.144.580 6.932.820 Profit for the period

Pendapatan komprehensif lain Other comprehensive income,


setelah pajak: 52.114.299.307 (18.481) net of income tax:
Total laba komprehensif periode berjalan 142.527.443.887 6.914.340 Total comprehensive income for the period

Laba bersih yang dapat diatribusikan kepada : Total comprehensive income attributable to
Pemilik entitas induk 73.656.853.486 7.480.247 Equity holders of the parent
Kepentingan non-pengendali 16.756.291.094 (547.426) Non-controlling interest
90.413.144.580 6.932.820
Laba bersih per saham 24 0,0023 Basic earning per share

Total laba komprehensif yang dapat Total comprehensive income


diatribusikan kepada : attributable to
Pemilik entitas induk 125.771.152.793 7.461.766 Equity holders of the parent
Kepentingan non-pengendali 16.756.291.094 (547.426) Non-controlling interest
142.527.443.887 6.914.340

31 Desember 2011/ January 1, 2012


Dilaporkan
Sebelumnya/
As previously Disajikan Kembali/
Reported As Restated
(Dalam Rupiah/ (Dalam Dollar AS/
In Rupiah) In US Dollar)

Penjualan bersih 2.170.706.640.132 248.998.109 Net sales


Beban pokok penjualan 1.919.436.302.190 221.253.142 Cost of goods sold
Laba kotor 251.270.337.942 27.744.967 Gross profit

Beban operasi Operating expenses


Beban penjualan 36.733.395.611 4.295.251 Selling expenses
Beban umum dan administrasi 116.164.028.398 13.720.714 General & administrative expenses
Jumlah beban operasi 152.897.424.009 18.015.966 Total operating expenses
Laba operasi 98.372.913.933 9.729.001 Profit from operations

17
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

2. Ikhtisar kebijakan akuntansi signfikan - lanjutan 2. Summary of significant accounting policies - continued

d. Transaksi dalam mata uang asing - lanjutan d. Foreign currency transactions - continued

31 Desember 2011/ January 1, 2012


Dilaporkan
Sebelumnya/
As previously Disajikan Kembali/
Reported As Restated
(Dalam Rupiah/ (Dalam Dollar AS/
In Rupiah) In US Dollar)
Pendapatan (beban) lain-lain Other income (expenses)
Pendapatan bunga 13.501.880.291 1.541.664 Interest income
Laba (rugi) penjualan aset tetap 2.482.699.326 281.997 Gain (loss) on sale fixed asset
Laba (rugi) selisih kurs, bersih (3.915.724.950) (66.924) Gain (loss) on foreign exchange, net
Beban bunga (29.212.953.895) (3.083.975) Interest expenses
Lain-lain 9.115.384.637 1.022.945 Others
Pendapatan (beban) lain-lain, bersih (8.028.714.591) (304.292) Other income (expenses), net
Laba sebelum manfaat (beban) pajak 90.344.199.342 9.424.708 Income before tax benefit (expenses)

Manfaat (beban) pajak : Tax benefit (expense) :


Kini (18.844.993.073) (2.103.276) Current
Tangguhan 621.303.494 69.692 Deferred
Beban pajak - neto (18.223.689.579) (2.033.584) Tax expense - net
Laba periode berjalan 72.120.509.763 7.391.124 Profit for the period

Pendapatan komprehensif lain Other comprehensive income,


setelah pajak: (243.281.290) - net of income tax:
Total laba komprehensif periode berjalan 71.877.228.473 7.391.124 Total comprehensive income for the period
Laba bersih yang dapat diatribusikan kepada : Total comprehensive income attributable to
Pemilik entitas induk 72.323.329.058 7.492.690 Equity holders of the parent
Kepentingan non-pengendali (202.819.295) (101.565) Non-controlling interest
72.120.509.763 7.391.124
Laba bersih per saham 24 0,0024 Basic earning per share
Total laba komprehensif yang dapat Total comprehensive income
diatribusikan kepada : attributable to
Pemilik entitas induk 72.080.047.768 7.492.690 Equity holders of the parent
Kepentingan non-pengendali (202.819.295) (101.565) Non-controlling interest
71.877.228.473 7.391.124

31 Desember 2012/ December 31, 2012


Dilaporkan
Sebelumnya/
As previously Disajikan Kembali/
Reported As Restated
(Dalam Rupiah/ (Dalam Dollar AS/
In Rupiah) In US Dollar)
Arus kas dari aktivitas operasi: Cash flows from operating activities
Penerimaan dari pelanggan 2.545.049.784.760 263.190.257 Receipt from customers
Pembayaran kepada pemasok (2.269.553.290.139) (235.244.977) Payment to suppliers
Pembayaran kepada karyawan (180.816.114.541) (18.876.216) Payment to employees
Pembayaran bunga (17.587.189.383) (1.818.737) Interest paid
Penerimaan pajak 6.103.511.141 631.180 Received for tax
Pembayaran pajak (52.006.260.618) (5.378.103) Payment for tax
Penerimaan kas lainnya 8.572.310.183 886.486 Other cash received
Pembayaran kas lainnya (4.769.673.899) (493.245) Other cash paid
Kas bersih yang diperoleh dari Net cash provided from (used in)
(dipergunakan untuk) aktivitas operasi 34.993.077.504 2.896.645 operating activities

18
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

2. Ikhtisar kebijakan akuntansi signfikan - lanjutan 2. Summary of significant accounting policies - continued

d. Transaksi dalam mata uang asing - lanjutan d. Foreign currency transactions - continued

31 Desember 2012/ December 31, 2012


Dilaporkan
Sebelumnya/
As previously Disajikan Kembali/
Reported As Restated
(Dalam Rupiah/ (Dalam Dollar AS/
In Rupiah) In US Dollar)

Arus kas dari aktivitas investasi: Cash flows from investing activities
Pembayaran uang muka pembelian Payment of advance on purchase
aset tetap (21.628.604.755) (1.811.392) of fixed assets
Penambahan aset dalam penyelesaian (15.896.643.305) (3.213.447) Additions to construction in progress
Perolehan aset tetap (139.426.192.270) (13.969.071) Acquisitions of fixed assets
Penerimaan dari pelepasan aset tetap 255.454.545 26.417 Proceeds from disposal of fixed assets
Kas bersih yang diperoleh dari Net cash provided from (used in
(dipergunakan untuk) aktivitas investasi (176.695.985.785) (18.967.493) investing activities

Arus kas dari aktivitas pendanaan: Cash flows from financing activities
Penambahan (pengurangan) pinjaman Increase (decrease) in loans
jangka pendek 160.524.794.649 16.600.289 short term
jangka panjang (2.545.434.100) (263.230) long term
Kenaikan modal saham 43.763.700 4.532 Increase share capital
Kenaikan tambahan modal disetor 656.455.500 67.978 Increase additional paid-in capital
Pembayaran dividen (3.063.861.989) (333.754) Dividend paid
Kas bersih yang diperoleh dari Net cash provided from (used in)
(dipergunakan untuk) aktivitas pendanaan 155.615.717.760 16.075.815 financing activities

Kenaikan (penurunan) kas dan setara kas 13.912.809.479 4.967 Increase/ decrease in cash and cash equivalents

Pengaruh perubahan kurs mata uang asing (19.217.307.491) (1.987.312) Effect of foreign exchange rate changes

Saldo awal kas dan setara kas 176.849.137.305 19.722.199 Beginning balance of cash and cash equivalents

Saldo akhir kas dan setara kas 171.544.639.293 17.739.854 Ending balance of cash and cash equivalents

31 Desember 2011/ January 1, 2012


Dilaporkan
Sebelumnya/
As previously Disajikan Kembali/
Reported As Restated
(Dalam Rupiah/ (Dalam Dollar AS/
In Rupiah) In US Dollar)
Arus kas dari aktivitas operasi: Cash flows from operating activities
Penerimaan dari pelanggan 2.090.166.669.987 230.499.192 Receipt from customers
Pembayaran kepada pemasok (1.821.178.467.833) (201.588.047) Payment to suppliers
Pembayaran kepada karyawan (183.864.605.285) (20.283.954) Payment to employees
Pembayaran bunga (15.711.073.604) (1.732.584) Interest paid
Penerimaan pajak 886.007.201 97.707 Received for tax
Pembayaran pajak (27.132.765.625) (2.992.144) Payment for tax
Penerimaan kas lainnya (1.869.323.760) 1.844.354 Other cash received
Pembayaran kas lainnya 93.969.207 (92.714) Other cash paid
Kas bersih yang diperoleh dari Net cash provided from (used in)
(dipergunakan untuk) aktivitas operasi 41.390.410.288 5.751.809 operating activities

19
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

2. Ikhtisar kebijakan akuntansi signfikan - lanjutan 2. Summary of significant accounting policies - continued

d. Transaksi dalam mata uang asing - lanjutan d. Foreign currency transactions - continued

31 Desember 2011/ January 1, 2012


Dilaporkan
Sebelumnya/
As previously Disajikan Kembali/
Reported As Restated
(Dalam Rupiah/ (Dalam Dollar AS/
In Rupiah) In US Dollar)

Arus kas dari aktivitas investasi: Cash flows from investing activities
Pembayaran uang muka pembelian Payment of advance on purchase
aset tetap (50.883.320.296) (2.280.299) of fixed assets
Penambahan aset dalam penyelesaian (37.036.489.541) (4.118.917) Additions to construction in progress
Perolehan aset tetap (143.726.719.590) (20.418.167) Acquisitions of fixed assets
Penerimaan dari pelepasan aset tetap 2.513.776.236 277.214 Proceeds from disposal of fixed assets
Kas bersih yang diperoleh dari Net cash provided from (used in
(dipergunakan untuk) aktivitas investasi (229.132.753.191) (26.540.170) investing activities

Arus kas dari aktivitas pendanaan: Cash flows from financing activities
Penambahan (pengurangan) pinjaman Increase (decrease) in loans
jangka pendek 33.113.709.977 3.651.710 short term
jangka panjang (123.648.483.321) (13.635.695) long term
Kenaikan modal saham 32.052.541.500 3.539.183 Increase share capital
Kenaikan tambahan modal disetor 399.671.678.743 44.348.834 Increase additional paid-in capital
Kas bersih yang diperoleh dari Net cash provided from (used in)
(dipergunakan untuk) aktivitas pendanaan 341.189.446.899 37.904.032 financing activities

Kenaikan (penurunan) kas dan setara kas 153.447.103.996 17.115.672 Increase/ decrease in cash and cash equivalents

Pengaruh perubahan kurs mata uang asing (3.915.724.950) (431.818) Effect of foreign exchange rate changes

Saldo awal kas dan setara kas 27.317.758.259 3.038.345 Beginning balance of cash and cash equivalents

Saldo akhir kas dan setara kas 176.849.137.305 19.722.199 Ending balance of cash and cash equivalents

Transaksi dalam mata uang asing dicatat dalam mata uang fungsional Transactions involving foreign currencies are recorded in the functional
berdasarkan nilai tukar yang berlaku pada saat transaksi dilakukan. currency at the rates of exchange prevailing at the time the transactions
Pada tanggal laporan posisi keuangan konsolidasian, aset dan are made. At consolidated statement of financial position date, monetary
liabilitas moneter dalam mata uang asing disesuaikan untuk assets and liabilities denominated in foreign currencies are adjusted to
mencerminkan kurs yang berlaku pada tanggal tersebut dan laba atau reflect the prevailing exchange rates at such date and the resulting gains
rugi kurs yang timbul dikreditkan atau dibebankan pada usaha tahun or losses are credited or charged to current operations.
berjalan.

Pada tanggal 31 Desember 2013, 2012 dan 1 Januari 2012 kurs yang As of December 31, 2013, 2012 and January 1, 2012 the rates of
digunakan adalah sebagai berikut: exchange used were as follows:
Mata Uang 31 Des 2013 31 Des 2012 1 Jan 2012 Currency
Dec 31, 2013 Dec 31, 2012 Jan 1, 2012
1 HKD 0,12896 0,12901 0,12872 HKD 1
1 SGD 0,78989 0,81770 0,76911 SGD 1
1 JPY 0,00953 0,01158 0,01288 JPY 1
1 GBP 1,64875 1,61105 1,54050 GBP 1
1 EUR 1,38005 1,32470 1,29455 EUR 1
1 THB 0,03043 0,03265 0,03150 THB 1
1 IDR 0,00008 0,00010 0,00011 IDR 1
1 AUD 0,89225 1,03675 1,01485 AUD 1
1 RMB 0,16402 0,15899 0,15871 RMB 1

20
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

2. Ikhtisar kebijakan akuntansi signfikan - lanjutan 2. Summary of significant accounting policies - continued

e. Kas dan Setara Kas e. Cash and Cash Equivalents


Kas dan setara kas terdiri dari kas, bank dan semua investasi yang Cash and cash equivalents consist of cash on hand and in banks and
jatuh tempo dalam waktu tiga bulan atau kurang dari tanggal all unrestricted investments with maturities of three months or less
penempatannya dan yang tidak dijaminkan serta tidak dibatasi from the date of placement.
penggunaannya.

f. Piutang usaha f. Trade Receivables


Piutang usaha disajikan dalam jumlah yang diharapkan dapat Trade receivables are stated at amount expected to be collated.
tertagih. Penyisihan penurunan nilai dibentuk berdasarkan hasil Allowance for impairment is provided based on a review of the
penelaahan atas keadaan piutang masing-masing pelanggan pada collectibility of the individual receivable accounts at the end of the
akhir tahun. year.

g. Persediaan g. Inventories
Persediaan dinyatakan berdasarkan beban perolehan atau nilai Inventories are stated at cost or net realizable value, whichever is
realisasi bersih, mana yang lebih rendah. Beban perolehan ditentukan lower. Cost is determined using the First In First Out (FIFO) method
dengan metode Masuk Pertama Keluar Pertama (FIFO) untuk bahan for raw material, finished goods and work in process and spare
baku, barang jadi dan barang dalam proses, dan suku cadang dinilai parts are valued at acquisition cost on an average basis. Inventories
berdasarkan harga perolehan dengan menggunakan metode rata-rata. of finished goods represent the packed inventories and stored in the
Persediaan barang jadi merupakan persediaan yang sudah dibungkus warehouse of finished goods at Tangerang bonded area and ready
dan disimpan di gudang barang jadi di kawasan berikat Tangerang for export, meanwhile unpacked inventories which have not yet
dan siap untuk diekspor, sedangkan persediaan yang belum arrived in the warehouse is acknowledged as inventories of goods in
dibungkus dan belum sampai di gudang, diakui sebagai persediaan process.
barang dalam proses.

Penyisihan persediaan usang ditentukan berdasarkan hasil Allowance of obsolete inventories is determined based on review
penelaahan terhadap keadaan persediaan pada akhir periode. result of the condition of inventories at the end of the period.

h. Beban dibayar dimuka h. Prepaid expenses


Beban dibayar dimuka diamortisasi selama manfaat masing-masing Prepaid expenses are amortized over their beneficial periods using
beban dengan menggunakan metode garis lurus. the straight-line method.

i. Investasi pada Perusahaan asosiasi i. Investment in associates Company


Investasi dalam bentuk penyertaan saham pada perusahaan lain Investment in shares of stock in other companies with percentage of
dengan persentase kepemilikan : ownership :
a. Kurang dari 20% dicatat sebesar nilai terendah harga perolehan a. Less than 20% are stated at the lower of cost or net realizable
dan nilai wajar yang dapat direalisasikan. value.
b. Paling sedikit 20% tetapi tidak melebihi 50% dicatat dengan b. At least 20% but not exceeding 50% is accounted for using the
menggunakan metode ekuitas. equity method.
c. Lebih dari 50% dikonsolidasikan. c. More than 50% are consolidated.
Laporan laba rugi komprehensif konsolidasian mencerminkan bagian The consolidated statements of comprehensive income reflect the
atas hasil operasi dari entitas asosiasi. Bila terdapat perubahan yang results of operations of the associated company. If there has been a
diakui langsung pada ekuitas dari entitas asosiasi, Perusahaan change recognized directly in the equity of the associated company,
mengakui bagiannya atas perubahan tersebut dan mengungkapkan the Company recognize its share of any such changes and discloses
hal ini, jika ada, dalam laporan perubahan ekuitas konsolidasian. this, when applicable, in the consolidated statement of changes in
Laba atau rugi yang belum terealisasi sebagai hasil dari transaksi- equity. Unrealized gains or losses resulting from transactions
transaksi antara Perusahaan dan Entitas Anak dengan entitas asosiasi between the Company and Subsidiaries and the associated company
dieliminasi sesuai dengan jumlah kepentingan Perusahaan dan are eliminated to the extent of the Company and Subsidiaries
Entitas Anak dalam entitas asosiasi. interest in the associated company.
Perusahaan dan Entitas Anak menentukan apakah diperlukan untuk The Company and Subsidiaries determine whether it is necessary to
mengakui tambahan rugi penurunan nilai atas investasi Perusahaan recognize an additional impairment loss on the Company and
dan Entitas Anak dalam entitas asosiasi. Perusahaan dan Entitas Subsidiaries investment in its associated company. The Company
Anak menentukan pada setiap akhir periode pelaporan apakah and Subsidiaries determine at each reporting date whether there is
terdapat bukti yang objektif yang mengindikasikan bahwa investasi any objective evidence that the investment in the associated company
dalam entitas asosiasi mengalami penurunan nilai. Dalam hal ini, is impaired. If this is the case, the Company and Subsidiaries
Perusahaan dan Entitas Anak menghitung total penurunan nilai calculate the amount of impairment as the difference between the
berdasarkan selisih antara jumlah terpulihkan atas investasi dalam recoverable amount of the investment in shares of stock and its
entitas asosiasi dan nilai tercatatnya dan mengakuinya sebagai laba carrying value, and recognizes the amount in profit or loss.
rugi.

21
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

2. Ikhtisar kebijakan akuntansi signfikan - lanjutan 2. Summary of significant accounting policies - continued

i. Investasi pada Perusahaan asosiasi - lanjutan i. Investment in associates Company - continued


Jika bagian Perusahaan dan Entitas Anak atas rugi entitas asosiasi If the Company and Subsidiaries share of losses of an associate
sama dengan atau melebihi kepentingannya pada entitas asosiasi, equals or exceeds its interest in the associate, the Company and
maka Perusahaan dan Entitas Anak menghentikan pengakuan Subsidiaries discontinue recognising its share of further losses. The
bagiannya atas rugi lebih lanjut. Kepentingan pada entitas asosiasi interest in an associate is the carrying amount of the investment in
adalah jumlah tercatat investasi pada entitas asosiasi dengan metode the associate under the equity method together with any long-term
ekuitas ditambah dengan setiap kepentingan jangka panjang yang interests that, in substance, form part of the investor's net investment
secara substansi, membentuk bagian investasi neto investor pada in the associated entity.
entitas asosiasi.

j. Aset tetap - kepemilikan langsung j. Fixed assets - direct acquisition


Efektif tanggal 1 Januari 2012, Perusahaan menerapkan PSAK 16 Effective January 1, 2012, the Group has adopted PSAK 16 (Revised
(Revisi 2011), Aset Tetap. Penerapan PSAK revisi ini tidak 2011), Fixed Assets. The adoption of this revised PSAK has no
memberikan pengaruh yang signifikan terhadap laporan keuangan. significant impact on the financial statements.

Perusahaan memilih model beban dalam kebijakan akuntansi aset The Company has chosen cost model in accounting policy of fixed
tetap. Aset tetap dicatat berdasarkan beban perolehan setelah assets which are stated at cost less accumulated depreciation. The
dikurangi akumulasi penyusutan, dan disusutkan dengan depreciation is computed using the straight line method, based on
menggunakan metode garis lurus dengan masa manfaat masing- estimated useful life of the assets as follows:
masing jenis aset sebagai berikut:
Masa manfaat /
Useful life
Mesin / machinery 5-10 tahun / years
Perlengkapan pabrik / factory equipment 5-10 tahun / years
Kendaraan / vehicles 5 tahun / years
Perlengkapan kantin dan mess / canteen and guesthouse equipment 5 tahun / years
Peralatan kantor / office equipment 5 tahun / years

Beban pemeliharaan dan perbaikan dibebankan pada laporan laba Repairs and maintenance expenses are charged to profit and loss as
rugi pada saat terjadinya. Pengeluaran yang memperpanjang masa incurred. Expenditures which extend the useful life of the assets or
manfaat atau memberi manfaat ekonomis di masa yang akan datang result in increasing future economic benefits such as increase in
dalam bentuk peningkatan kapasitas, mutu produksi atau capacity improvement, the quality of output or standard of
peningkatan standar kinerja dikapitalisasi. Aset tetap yang sudah performance are capitalized. When fixed assets are retired or
tidak digunakan lagi atau yang dijual dikeluarkan dari kelompok aset otherwise disposed of, their carrying value and the related
tetap berikut akumulasi penyusutannya. Keuntungan atau kerugian accumulated depreciation are removed from the accounts. Any
dari penjualan aset tetap tersebut dibukukan dalam laporan laba rugi resulting gain or loss is reflected in the current operations.
pada tahun yang bersangkutan.

Apabila manfaat ekonomi suatu aset tetap tidak lagi sebesar jumlah When the carrying amount of an asset exceeds its estimated
tercatatnya, maka aset tersebut harus dinyatakan sebesar jumlah yang recoverable amount, the asset is written down to its estimated
sepadan dengan nilai manfaat ekonomi yang tersisa. Penurunan nilai recoverable amount, which is determined as the higher price of net
kegunaan aset tetap tersebut dilaporkan sebagai kerugian tahun selling price or value in use. The decrease of the usage value of fixed
berjalan. asset is reported as current year loss.

Aset dalam penyelesaian dinyatakan sebesar beban perolehan. Construction in progress is stated at cost. The accumulated costs of
Akumulasi beban perolehan aset dalam penyelesaian akan construction in progress are transferred to the respective fixed asset
dipindahkan ke masing-masing aset tetap bila telah selesai dan siap when it is completed and ready for use.
untuk digunakan.

Pada setiap akhir tahun buku, nilai residu, umur manfaat dan metode The residual values, useful lives and methods of depreciation of fixed
penyusutan aset tetap di-review, dan jika sesuai dengan keadaan, assets are reviewed and adjusted prospectively, if appropriate, at
disesuaikan secara prospektif. each financial year end.

k. Beban tangguhan k. Deferred charges


Beban-beban yang terjadi sehubungan dengan pengurusan hak legal Expenditures related to legal processing of landrights are deferred
atas tanah ditangguhkan dan diamortisasi selama masa manfaat 30 and amortized using the straight-line method over 30 years
tahun dengan menggunakan metode garis lurus. benefited.

22
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

2. Ikhtisar kebijakan akuntansi signfikan - lanjutan 2. Summary of significant accounting policies - continued

l. Goodwill l. Goodwill
Goodwill merupakan selisih lebih antara biaya perolehan dengan Goodwill represents the excess of the cost of an acquisition over the
bagian kepemilikan Perusahaan dari nilai wajar aset neto atas entitas fair value of the Company's share of the net identifiable assets of the
anak pada tanggal akuisisi. acquired subsidiary at the effective date of acquisition.

Goodwill atas akuisisi entitas anak diuji penurunan nilainya setiap Goodwill on acquisition of subsidiaries is tested for impairment
tahun dan dicatat sebesar harga perolehan dikurangi dengan annualy and carried at cost less accumulated impairment losses.
akumulasi kerugian penurunan nilai. Kerugian penurunan nilai atas Impairment losses on goodwill are not recoverable.
goodwill tidak dapat dipulihkan.

Keuntungan atau kerugian atas pelepasan entitas anak, termasuk nilai The profit or loss on disposal of subsidiaries, include the carrying
tercatat dari goodwill yang terkait dengan entitas yang dijual. amount of goodwill relating to the entity sold.

Goodwill dialokasikan pada setiap unit penghasil kas atau kelompok Goodwill is allocated to cash generating units or groups of cash
unit penghasil kas dalam rangka menguji penurunan nilai. Alokasi generating units for the purpose of impairment testing. The
tersebut dibuat untuk unit penghasil kas atau kelompok unit allocation is made to those cash generating units or groups of cash
penghasil kas yang diharapkan mendapat manfaat dari kombinasi generating unit that are expected to benefit from the business
bisnis dimana goodwill tersebut timbul. combination in which the goodwill arise.

m. Sewa m. Leases
Sewa diklasifikasikan sebagai sewa pembiayaan jika sewa tersebut Leases are classified as finance leases whenever the terms of the
mengalihkan secara substansial seluruh risiko dan manfaat yang lease transfer substantially all the risks and rewards of ownership to
terkait dengan kepemilikan aset. Sewa lainnya, yang tidak memenuhi the lessee. All other leases are classified as operating leases.
kriteria tersebut, diklasifikasikan sebagai sewa operasi.

Sebagai Lessor As Lessor


Pendapatan sewa dari sewa operasi diakui sebagai pendapatan Rental income from operating leases is recognized on a straight-line
dengan dasar garis lurus selama masa sewa. Biaya langsung awal basis over the term of the relevant lease. Initial direct costs incurred
yang terjadi dalam proses negosiasi dan pengaturan sewa operasi in negotiating and arranging an operating lease are added to the
ditambahkan ke jumlah tercatat dari aset sewaan dan diakui dengan carrying amount of the leased asset and recognized on a straight-
dasar garis lurus selama masa sewa. line basis over the lease term.

Sebagai Lesse As Lesse


Aset pada sewa pembiayaan dicatat pada awal masa sewa sebesar Assets held under finance leases are initially recognized as assets of
nilai wajar aset sewaan Perusahaan dan entitas anak yang ditentukan the Company and its subsidiaries at their fair value at the inception
pada awal kontrak atau, jika lebih rendah, sebesar nilai kini dari of the lease or, if lower, at the present value of the minimum lease
pembayaran sewa minimum. Liabilitas kepada lessor disajikan di payments. The corresponding liability to the lessor is included in the
dalam laporan posisi keuangan konsolidasian sebagai liabilitas sewa consolidated statements of financial position as a finance lease
pembiayaan. obligations.

Pembayaran sewa harus dipisahkan antara bagian yang merupakan Lease payments are apportioned between finance charges and
beban keuangan dan bagian yang merupakan pengurangan dari reduction of the lease obligation so as to achieve a constant rate of
liabilitas sewa pembiayaan sehingga mencapai suatu tingkat bunga interest on the remaining balance of the liability. Contingent rentals
yang konstan (tetap) atas saldo liabilitas. Rental kontijen dibebankan are recognized as expenses in the periods in which they are
pada periode terjadinya. incurred.

Pembayaran sewa operasi diakui sebagai beban dengan dasar garis Operating lease payments are recognized as an expense on a
lurus (straight-line basis) selama masa sewa, kecuali terdapat dasar straight-line basis over the lease term, except where another
sistematis lain yang dapat lebih mencerminkan pola waktu dari systematic basis is more representative of the time pattern in which
manfaat aset yang dinikmati pengguna. Rental kontijen diakui economic benefits from the leased asset are consumed. Contingent
sebagai beban di dalam periode terjadinya. rentals arising under operating leases are recognized as an expense
in the period in which they are incurred.
Dalam hal insentif diperoleh dalam sewa operasi, insentif tersebut In the event that lease incentives are received to enter into operating
diakui sebagai liabilitas. Keseluruhan manfaat dari insentif diakui leases, such incentives are recognized as a liability. The aggregate
sebagai pengurangan dari biaya sewa dengan dasar garis lurus benefit of incentives is recognized as a reduction of rental expense
kecuali terdapat dasar sistematis lain yang lebih mencerminkan pola on a straight-line basis, except where another systematic basis is
waktu dari manfaat yang dinikmati pengguna. more representative of the time pattern in which economic benefits
from the leased asset are consumed.

23
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

2. Ikhtisar kebijakan akuntansi signfikan - lanjutan 2. Summary of significant accounting policies - continued

n. Transaksi dengan pihak berelasi n. Transactions with related parties


Efektif tanggal 1 Januari 2011, Perusahaan dan Entitas Anak Effective January 1, 2011, the Company and subsidiaries have
menerapkan PSAK No. 7 (Revisi 2010), Pengungkapan Pihak- adopted PSAK No. 7 (Revised 2010), Related Party Disclosures ,
pihak Berelasi, yang menggantikan PSAK No. 7 (Revisi 1994), which superseded PSAK No. 7 (Revised 1994), Related Party
"Pengungkapan Pihak-Pihak yang mempunyai Hubungan Istimewa". Disclosures. This revised PSAK requires disclosure of related party
PSAK revisi ini mensyaratkan pengungkapan hubungan, transaksi relationships, transactions and outstanding balances, including
dan saldo pihak-pihak berelasi, termasuk komitmen dalam laporan commitments, in the consolidated financial statements. The adoption
keuangan konsolidasian. Penerapan PSAK yang direvisi tersebut of the revised PSAK has a significant impact on the related
memberikan pengaruh terhadap pengungkapan terkait dalam laporan disclosures in the consolidated financial statement.
keuangan konsolidasian.

Suatu pihak dianggap berelasi dengan Perusahaan dan Entitas Anak A party is considered to be related to the Company and Subsidiaries
jika pihak tersebut: if the party:
a. memiliki pengendalian atau pengendalian bersama atas a. has control or joint control over the Company and Subsidiaries;
Perusahaan dan Entitas Anak;
b. memiliki pengaruh signifikan atas Perusahaan dan Entitas Anak; b. has significant influence over the Company and Subsidiaries;
c. merupakan personil manajemen kunci Perusahaan dan Entitas c. is a member of the key management personnel of the Company
Anak atau entitas induk dari Perusahaan; and Subsidiaries or of a parent of the Company;
d. merupakan anggota dari kelompok usaha yang sama dengan d. is a member of the same group with the Company (which means
Perusahaan (yang artinya entitas induk, entitas anak dan entitas that each parent, subsidiary and fellow subsidiary is related to
anak berikutnya terkait satu sama lain); each other);
e. merupakan entitas asosiasi atau ventura bersama dari Perusahaan e. is an associate or joint venture of the Company and Subsidiaries
dan Entitas Anak (atau entitas asosiasi atau ventura bersama dari (or an associate or joint venture of a member of a group of which
entitas yang merupakan anggota dari suatu kelompok usaha the Company and Subsidiaries are a member);
dimana Perusahaan dan Entitas Anak merupakan anggotanya);
f. bersama-sama dengan Perusahaan dan Entitas Anak, merupakan f. together with the Company and Subsidiaries, is a joint venture
ventura bersama dari suatu pihak ketiga yang sama; of the same third party;
g. merupakan ventura bersama dari entitas asosiasi Perusahaan dan g. is a joint venture of an associate of the Company and
Entitas Anak atau entitas asosiasi dari ventura Perusahaan dan Subsidiaries or is an associate of a joint venture of the Company
Entitas Anak; and Subsidiaries;
h. merupakan suatu program imbalan pasca kerja yang ditujukan h. is a post-employment benefit plan for the benefit of employees of
bagi karyawan dari Perusahaan dan Entitas Anak atau entitas either the Company and Subsidiaries or an entity related to the
yang terkait dengan Perusahaan dan Entitas Anak; Company and Subsidiaries;
i. dikendalikan atau dikendalikan bersama oleh orang yang i. is controlled or jointly controlled by the person identified in (a-c
diidentifikasi dalam huruf (a-c di atas); dan above); and
j. terdapat pengaruh signifikan oleh orang yang diidentifikasi j. has significant influence by the person identified in (a above).
dalam huruf (a di atas).
Transaksi ini dilakukan berdasarkan persyaratan yang disetujui oleh The transactions are made based on terms agreed by the parties, in
kedua belah pihak, dimana persyaratan tersebut mungkin tidak sama which such terms may not be the same as those of the transactions
dengan transaksi lain yang dilakukan dengan pihak-pihak yang tidak between unrelated parties.
berelasi.
Seluruh transaksi dan saldo yang material dengan pihak-pihak All significant transactions and balances with related parties are
berelasi diungkapkan dalam catatan 33. disclosed in the relevant notes 33.

o. Pajak penghasilan o. Income tax


Berdasarkan Pernyataan Standar Akuntansi Keuangan (PSAK) No. Based The Statement of Financial Accounting Standard (SFAS) No.
46 beban pajak kini ditentukan berdasarkan laba kena pajak dalam 46 current tax expense is determined based on the taxable income
periode yang bersangkutan yang dihitung berdasarkan tarif pajak for the year computed using prevailing tax rates.
yang berlaku.

24
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

2. Ikhtisar kebijakan akuntansi signfikan - lanjutan 2. Summary of significant accounting policies - continued

o. Pajak penghasilan - lanjutan o. Income tax - continued


Aset dan liabilitas pajak tangguhan diakui atas konsekuensi pajak Deferred tax assets and liabilities are recognized for the future tax
periode mendatang yang timbul dari perbedaan antara jumlah tercatat consequences attributable to differences between the financial
aset dan liabilitas menurut laporan keuangan dengan dasar statement carrying amounts of existing assets and liabilities and
pengenaan pajak aset dan liabilitas. Liabilitas pajak tangguhan their respective tax bases. Deferred tax liabilities are recognized for
diakui untuk semua perbedaan temporer kena pajak dan aset pajak all taxable temporary differences and deferred tax assets are
tangguhan diakui untuk perbedaan temporer yang boleh recognized for deductible temporary differences to the extent that it
dikurangkan, sepanjang besar kemungkinan dapat dimanfaatkan is probable that taxable income will be available in future periods
untuk mengurangi laba kena pajak pada masa datang. against which the deductible temporary differences can be utilized.

Pajak tangguhan diukur dengan menggunakan tarif pajak yang Deferred tax is calculated at the tax rates that have been enacted or
berlaku atau secara substansial telah berlaku pada tanggal laporan substantively enacted at the statements of financial positions date.
posisi keuangan. Perubahan nilai tercatat aset dan kewajiban pajak Changes in the carrying amount of deferred tax asset and liabilities
tangguhan yang disebabkan oleh perubahan tarif pajak dibebankan due to a change in tax rates are charged to current year operation,
pada tahun berjalan, kecuali untuk transaksi-transaksi yang except to the extent that it relates to items previously charge or
sebelumnya telah langsung dibebankan atau dikreditkan ke ekuitas. credited to equity.
Aset dan liabilitas pajak tangguhan disajikan di laporan posisi Deferred tax assets and liabilities are offset in the statements of
keuangan atas dasar kompensasi sesuai dengan penyajian aset dan financial positions in the same manner the current tax assets and
liabilitas pajak kini, kecuali aset dan liabilitas pajak tangguhan untuk liabilities are presented, except if these are for different legal
entitas yang berbeda. entities.

Terhitung mulai tahun buku 2013, Perusahaan telah mendapatkan Effective from fiscal year 2013, The Company has obtained license
izin menyelenggarakan pembukuan dengan menggunakan bahasa for preparing the Financial Report using English and US Dollar
inggris dan satuan mata uang Dollar Amerika Serikat berdasarkan currency based on the Letter from Finance Ministry No. KEP-
keputusan Menteri Keuangan No. KEP-2009/WPJ.07/2012 2009/WPJ.07/2012 dated October 18, 2012.
tertanggal 18 Oktober 2012.

p. Imbalan paska kerja p. Estimated liability for post-employment benefit


Perusahaan memberikan imbalan paska kerja imbalan pasti untuk The Company provides post employment defined benefit to its
karyawannya sesuai dengan Kesepakatan Kerja Bersama/Peraturan employees in accordance with Collective Labour Agreement
Perusahaan serta sesuai dengan UU Tenaga kerja No. 13/2003. Regulation and in accordance with Labor Law No. 13/2003.
Perhitungan imbalan paska kerja menggunakan metode Projected The calculation of post employment benefit used Projected Unit
Unit Credit . Akumulasi keuntungan dan kerugian aktuarial bersih Credit Method. Accumulated net actuarial gain and loss that has not
yang belum diakui yang melebihi jumlah yang lebih besar diantara been recognized exceeding the larger amount between 10% from
10% dari nilai kini imbalan pasti dan 10% nilai wajar aset program present value of defined benefit and 10% fair value of program
diakui dengan metode garis lurus selama rata-rata sisa masa kerja assets were recognized with straight line method during average of
yang diperkirakan dari para pekerja dalam program tersebut. estimated year of services from all employees in the program.

Beban jasa lalu dibebankan langsung apabila imbalan tersebut Prior service expense has been charged directly when the
menjadi hak atau vested dan sebaliknya akan diakui sebagai beban compensation become rights or vested and on the contrary will be
dengan metode garis lurus selama periode rata-rata sampai imbalan recognized as expense with straight line method during average
tersebut menjadi hak. period until the compensation become right.

Jumlah yang diakui sebagai imbalan pasti pada laporan posisi The amount that has been recognized as defined benefit on
keuangan merupakan nilai kini kewajiban imbalan pasti disesuaikan statements of financial positions position represents present value of
dengan keuntungan dan kerugian aktuarial yang belum diakui, beban defined benefit liability, which is adjusted with unrecognized
jasa lalu yang belum diakui dan nilai wajar aset program. actuarial gain and loss, unrecognized prior service expense and fair
value of program assets.

q. Laba bersih per saham q. Net earning per share


Efektif tanggal 1 Januari 2012, Perusahaan menerapkan PSAK 56 Effective January 1, 2012, the Group adopted PSAK 56 (Revised
(Revisi 2011), Laba Per Saham, yang mengharuskan adanya 2011), Earnings Per Share, which requires performance
perbandingan kinerja antara entitas yang berbeda dalam periode yang comparisons between different entities in the same period and
sama dan antara periode pelaporan yang berbeda untuk Perusahaan. between different reporting periods for the Group. The adoption of
Penerapan PSAK revisi ini tidak memberikan pengaruh signifikan this revised PSAK has no significant impact on the consolidated
terhadap laporan keuangan konsolidasian. financial statements.

25
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

2. Ikhtisar kebijakan akuntansi signfikan - lanjutan 2. Summary of significant accounting policies - continued

q. Laba bersih per saham - lanjutan q. Net earning per share - continued
Sesuai dengan PSAK 56 (Revisi 2011), laba per saham dihitung In accordance with PSAK 56 (Revised 2011), the amount of earnings
dengan membagi laba tahun berjalan yang dapat diatribusikan per share is calculated by dividing the profit for the year attributable
kepada pemilik entitas induk dengan total rata-rata tertimbang saham to the owners of the parent entity by the weighted average number of
yang ditempatkan dan disetor penuh selama tahun yang issued and fully paid shares outstanding during the year.
bersangkutan.

r. Informasi segmen r. Seqment information


Informasi segmen disusun sesuai dengan kebijakan akuntansi yang Segment information is presented using the accounting policies
dianut dalam penyusunan dan penyajian laporan keuangan adopted in preparing and presenting the consolidated financial
konsolidasian. Bentuk primer pelaporan segmen adalah segmen statements. The primary format in reporting segment information is
usaha sedangkan segmen sekunder adalah segmen geografis. Segmen based on business segment, while the secondary segment
usaha adalah komponen Perusahaan yang dapat dibedakan dalam information is based on geographical segment. A business segment
menghasilkan produk atau jasa individual mau pun kelompok produk is a distinguishable component of the Company that is engaged in
atau jasa terkait dan komponen itu memiliki risiko dan imbalan yang providing product or service (whether they are individual or a group
berbeda dengan risiko dan imbalan segmen lain. of related products or services) and that is subject to risks and
returns that are different from those of other business segments.

Segmen geografis adalah komponen Perusahaan yang dapat Geographical segment is a distinguishable component of the
dibedakan dalam menghasilkan produk atau jasa pada lingkungan Company that is engaged in providing products or services within a
(wilayah) ekonomi tertentu dan komponen itu memiliki risiko dan particular economic environment (area) and that is subject to risks
imbalan yang berbeda dengan risiko dan imbalan pada komponen and returns that are different from those of components operating in
yang beroperasi pada lingkungan (wilayah) ekonomi lain. other economic environments (area).

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


Penjualan barang diakui pada saat barang diserahkan dan Sales of goods are recognized when goods are delivered and its
kepemilikan telah beralih kepada pelanggan. ownership has been transferred to customer.
Pendapatan dari jasa diakui pada saat jasa diserahkan atau secara Revenues from services are recognized when the services are
signifikan diberikan dan manfaat jasa tersebut telah beralih kepada delivered or significantly rendered and the benefit of services has
pelanggan. been transferred to customer.
Pendapatan bunga diakui atas dasar waktu, jumlah pokok dan tingkat Interest income is recognized based on time elapse, principle amount
bunga berlaku. and prevailing interest rate.
Pendapatan diakui bila besar kemungkinan manfaat ekonomi akan Revenue is recognized to the extent that it is probable that the
diperoleh oleh Perusahaan dan jumlahnya dapat diukur secara economic benefits will flow to the Group and the revenue can be
handal. Pendapatan diukur pada nilai wajar pembayaran yang reliably measured. Revenue is measured at the fair value of the
diterima, tidak termasuk diskon, rabat dan Pajak Pertambahan Nilai consideration received, excluding discounts, rebates and Value
(PPN). Added Taxes (VAT).
Beban diakui pada saat terjadinya atau sesuai dengan masa Expenses are recognized when incurred or based on estimated useful
manfaatnya (metode akrual). life (accrual method).

t. Penggunaan estimasi t. Use of estimates

Penyusunan laporan keuangan yang sesuai dengan prinsip akuntansi The preparation of the financial statements in conformity with
yang berlaku umum mengharuskan manajemen untuk membuat accounting principles generally accepted requires management to
estimasi dan asumsi yang mempengaruhi jumlah aset dan kewajiban make estimates and assumptions that affect the reported amounts of
dan pengungkapan aset dan kewajiban kontinjen pada tanggal assets and liabilities and disclosure of contingent assets and
laporan keuangan serta jumlah pendapatan dan beban selama periode liabilities at the date of the financial statements and the reported
pelaporan. Hasil yang sebenarnya mungkin berbeda dari jumlah yang amounts of revenues and expenses during the reporting period.
diestimasi. Actual results could differ from those estimates.

u. Instrumen keuangan u. Financial instrument

Efektif tanggal 1 Januari 2010, Perusahaan telah menerapkan PSAK Effective on January 1, 2010, the Company has implemented SFAS
50 (revisi 2006), "Instrumen Keuangan: Penyajian dan 50 (revised 2006), "Financial Instruments: Presentation and
Pengungkapan", dan PSAK 55 (revisi 2006),"Instrumen Keuangan : Disclosure", and SFAS 55 (revised 2006)," Financial Instruments:
Pengakuan dan Pengukuran", yang menggantikan PSAK 50, Recognition and Measurement "which replaces SFAS 50,"
"Akuntansi Investasi Efek Tertentu" dan PSAK 55 (revisi 1999),'' Accounting for Certain Investment in Securities "and SFAS 55
Akuntansi Instrumen Derivatif dan Aktivitas Lindung Nilai". (revised 1999), Accounting for Derivative Instrument and Hedging
Activities".

26
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

2. Ikhtisar kebijakan akuntansi signfikan - lanjutan 2. Summary of significant accounting policies - continued

u. Instrumen keuangan u. Financial instrument


u.1 Aset keuangan u.1. Financial Assets
Aset keuangan dapat diklasifikasikan sebagai aset keuangan Financial assets can be classified as financial assets at fair
yang diukur pada nilai wajar melalui laporan laba rugi, pinjaman value through profit or loss, loans and receivables,
yang diberikan dan piutang, investasi yang dimiliki hingga jatuh investments held to maturity, or financial assets classified as
tempo, atau aset keuangan dalam kelompok tersedia untuk dijual. available for sale.

Aset keuangan diakui dalam laporan posisi keuangan, jika dan Financial assets are recognized on the statements of financial
hanya jika Perusahaan menjadi salah satu pihak dalam ketentuan positions when, and only when, the Company becomes a party
pada kontrak instrumen keuangan tersebut. to the contractual provisions of the financial instrument.

Pada saat pengakuan awal aset keuangan, pengukuran dilakukan When financial assets are recognized initially, they are
pada nilai wajarnya. Dalam hal aset keuangan tidak diukur pada measured at fair value. In the case of financial assets not
nilai wajar melalui laporan laba rugi, nilai wajar tersebut recognized at fair value through profit or loss, the fair value
ditambah beban transaksi yang diatribusikan secara langsung is added directly by atributable transaction costs or issuance
dengan perolehan atau penerbitan aset keuangan tersebut. of such financial assets.

Pembelian atau penjualan aset keuangan yang reguler diakui dan Reguler purchases and sales of financial assets are
dihentikan pengakuannya dengan menggunakan salah satu di recognised and derecognized using either one of trade date
antara akuntansi tanggal perdagangan atau akuntansi tanggal accounting or settlement date accounting.
penyelesaian.

Aset keuangan Perusahaan dan entitas anak meliputi kas dan Financial assets of the Company and its subsidiary include
setara kas, piutang usaha, piutang lain-lain dan piutang pada cash and cash equivalents, trade receivables and other
pihak berelasi. receivables and due from related parties.

Pinjaman yang diberikan dan piutang Loans and receivables


Aset keuangan non derivatif dengan pembayaran tetap atau telah Non derivative financial assets with fixed or determinable
ditentukan dan tidak mempunyai kuotasi di pasar aktif payments that are not quoted in an active market are
diklasifikasikan sebagai pinjaman yang diberikan dan piutang. classified as loan and receivables. Loan and receivables are
Pinjaman yang diberikan dan piutang diukur sebesar biaya measured at amortized cost by using the effective interest
perolehan diamortisasi dengan menggunakan metode suku bunga rate. Profits and losses are recognized in the income
efektif. Keuntungan dan kerugian diakui dalam laporan laba rugi statement as loans and receivables derecognized or impaired,
pada saat pinjaman yang diberikan dan piutang dihentikan as well as during the process of amortization.
pengakuannya atau mengalami penurunan nilai, demikian juga
pada saat proses amortisasi.

Pinjaman yang diberikan atau piutang dihentikan pengakuannya A loan or receivable is derecognised when the contractual
saat hak kontraktual untuk menerima kas dari aset yang rights to receive cash flows from the asset have expired or
bersangkutan telah berakhir atau ditransfer. Dalam penghentian transferred. On derecognition, the difference between the
pengakuan, selisih antara nilai terbawa dan jumlah yang akan carrying amount and the sum of the consideration received is
diterima diakui dalam laporan laba rugi. recognised in the income statement.

Perusahaan mengklasifikasikan aset keuangan berikut sebagai The Company classifies the following financial assets as
pinjaman yang diberikan dan piutang: loans and receivables:

- Kas dan setara kas, deposito berjangka. - Cash and cash equivalents, time deposits.
- Piutang usaha dan piutang lain-lain, piutang pihak berelasi. - Trade and other receivables, due from related parties.
Pada setiap tanggal laporan posisi keuangan, Perusahaan At each the statements of financial positions position date, the
mengevaluasi apakah terdapat bukti yang objektif bahwa aset Company assesses whether there is any objective evidence
keuangan atau kelompok aset keuangan mengalami penurunan that a financial asset or group of financial assets is impaired.
nilai.

27
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

2. Ikhtisar kebijakan akuntansi signfikan - lanjutan 2. Summary of significant accounting policies - continued

u. Instrumen keuangan - lanjutan u. Financial instrument - continued

u.1 Aset keuangan u.1. Financial Assets


Jika terdapat bukti objektif bahwa kerugian penurunan nilai telah If there is objective evidence that an impairment loss on loans
terjadi atas pinjaman yang diberikan dan piutang atau investasi and receivables or investment held to maturity carried at
dalam kelompok dimiliki hingga jatuh tempo yang dicatat pada amortised cost has been incurred, the amount of the loss is
beban perolehan diamortisasi, maka jumlah kerugian tersebut measured as the difference between the assets carrying
diukur sebagai selisih antara nilai tercatat aset dengan nilai kini amount and the present value of estimated future cash flows
estimasi arus kas masa depan (tidak termasuk kerugian kredit di (excluding future credit losses that have not been incurred)
masa depan yang belum terjadi) yang didiskonto menggunakan discounted at the financial assets original effective interest
suku bunga efektif awal dari aset tersebut (yaitu suku bunga rate (i.e. the effective interest rate computed at initial
efektif yang dihitung pada saat pengakuan awal). Nilai tercatat recognition). The carrying amount of the asset is reduced,
aset tersebut dikurangi, baik secara langsung maupun either directly or through the use of an allowance account.
menggunakan pos cadangan. Jumlah kerugian yang terjadi diakui The amount of the loss is recognised in the income statement.
pada laporan laba rugi.

u2. Liabilitas keuangan u.2. Financial Liabilities


Liabilitas keuangan meliputi utang usaha dan utang lainnya, Financial liabilities include trade and other amounts payable,
utang pada pihak berelasi, pinjaman yang dikenakan bunga. due to related parties, and interest bearing loans. Financial
Liabilitas keuangan diakui dengan nilai wajar dari jumlah yang liabilities are recognized at fair value of consideration
akan diterima dikurangi beban transaksi yang dapat langsung received less directly attributable transaction costs and
diatribusikan dan selanjutnya diukur pada beban perolehan yang subsequently measured at amortised cost using the effective
diamortisasi dengan metode tingkat bunga efektif. interest method.

Liabilitas dihentikan pengakuannya saat liabilitas tersebut The liabilities are deregconised when the obligation under the
dilepaskan atau dibatalkan atau berakhir. Selisih antara nilai liability is discharged or cancelled or expired. The difference
tecatat liabilitas keuangan (atau bagian dari liabilitas keuangan) between the carrying amount of financial liabilities (or part of
yang berakhir atau ditransfer pada pihak lain, dengan jumlah financial liabilities) expired or transferred to other parties,
yang dibayarkan termasuk aset non kas yang ditransfer atau with the amount paid including non cash assets to be
kewajiban yang ditanggung, diakui dalam laporan laba rugi. transferred or liabilities assumed, is recognized in the income
statement.

v. Penurunan nilai aset non-keuangan v. Impairment of non financial assets


Perusahaan telah menerapkan PSAK 48 (Revisi 2009), Penurunan The Group has adopted PSAK 48 (Revised 2009), Impairment of
Nilai Aset, yang menetapkan prosedur-prosedur yang diterapkan Assets, which prescribes the procedures to be employed by an
entitas agar aset dicatat tidak melebihi jumlah terpulihkannya. Suatu entity to ensure that its assets are carried at no more than their
aset dicatat melebihi jumlah terpulihkannya jika nilai tercatatnya recoverable amount. An asset is carried at more than its
melebihi jumlah yang akan dipulihkan melalui penggunaan atau recoverableamount if its carrying amount exceeds the amount to be
penjualan aset. Pada kasus demikian, aset mengalami penurunan nilai recovered through use or sale of the asset. If this is the case, the
dan PSAK yang direvisi ini mensyaratkan entitas mengakui rugi asset is described as impaired and this revised PSAK requires the
penurunan nilai. PSAK yang direvisi ini juga menentukan kapan entity to recognize an impairment loss. This revised PSAK also
entitas membalik suatu rugi penurunan nilai dan pengungkapan yang specifies when an entity should reverse an impairment loss and
diperlukan. prescribes disclosures.

w. Biaya pinjaman w. Borrowing costs


Efektif tanggal 1 Januari 2012, Perusahaan menerapkan PSAK No. Effective January 1, 2012, the Group has adopted PSAK No. 26
26 (Revisi 2011), Biaya Pinjaman. Penerapan PSAK revisi ini (Revised 2011), Borrowing Costs. The adoption of this revised
tidak memberikan pengaruh signifikan terhadap laporan keuangan PSAK has no significant impact on the consolidated financial
konsolidasian. statements.

Biaya pinjaman dibebankan pada saat terjadinya. Biaya pinjaman Borrowing costs are generally expensed as incurred. Borrowing
dikapitalisasi apabila dapat secara langsung dikaitkan dengan costs are capitalized if they are directly attributable to the
perolehan, pembangunan atau produksi dari aset tertentu (qualifying acquisition, construction or production of a qualifying asset.
assets). Kapitalisasi biaya pinjaman dimulai ketika aktivitas untuk Capitalization of borrowing costs commences when the activities to
mempersiapkan pembangunan aset untuk dipergunakan atau dijual prepare the asset for its intended use or sale are in progress and the
sesuai tujuannya sedang berlangsung dan pengeluaran serta biaya expenditures and borrowing costs are being incurred. Borrowing
pinjaman sedang terjadi. Biaya pinjaman dikapitalisasi sampai costs are capitalized until the assets are ready for their intended use.
dengan aset tersebut siap digunakan sesuai tujuannya. Apabila nilai If the resulting carrying amount of the asset exceeds its recoverable
tercatat dari aset tersebut melebihi jumlah yang diharapkan dapat amount, an impairment loss is recognized.
dipulihkan, maka rugi penurunan nilai diakui.

28
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

2. Ikhtisar kebijakan akuntansi signfikan - lanjutan 2. Summary of significant accounting policies - continued

x. Pembagian dividen x. Dividend distribution


Pembagian dividen kepada pemegang saham Perusahaan diakui Dividend distributions to the Companys shareholders are
sebagai liabilitas dalam laporan keuangan konsolidasian interim recognised as liabilities in the interim consolidated financial
dalam tahun dimana pembagian dividen tersebut diumumkan oleh statements in the year in which the dividends are declared by the
Perusahaan. Company.

3. Kas dan setara kas 3. Cash and cash equivalents

Saldo kas dan setara kas per 31 Desember 2013, 2012 dan 1 Januari Cash and cash equivalents as of December 31, 2013, 2012 and January
2012 terdiri dari: 1, 2012 consist of:
Des 2013/ Des 2012/ 1 Jan 2012/
Dec 2013 Dec 2012 Jan 1, 2012
Kas 76.751 1.108.467 481.623 Cash on hand
Jumlah kas 76.751 1.108.467 481.623 Total cash on hand
Bank: Cash in banks :
Rekening IDR IDR Accounts
Bank Artha Graha - 295 112 Bank Artha Graha
PT Bank ANZ Indonesia 31.263 1.032 632 PT Bank ANZ Indonesia
PT Bank Central Asia Tbk 92.482 31.830 4.995 PT Bank Central Asia Tbk
PT Bank CIMB Niaga Tbk 142.111 82.960 196.066 PT Bank CIMB Niaga Tbk
Citibank 1.418 3.141 3.464 Citibank
Bank of Tokyo - Mitsubishi UFJ 145 - - Bank of Tokyo - Mitsubishi UFJ
PT Bank Commonwealth 34.054 12.976 247.834 PT Bank Commonwealth
PT Bank Ekonomi 713 324 - PT Bank Ekonomi
PT Bank Windu Kentjana International Tbk 16.783 - - PT Bank Windu Kentjana International Tbk
PT Bank Rakyat Indonesia Tbk 752 - - PT Bank Rakyat Indonesia Tbk
PT Bank Hana 132.389 187.147 222.870 PT Bank Hana
HSBC, Ltd cabang Jakarta 1.865 3.483 2.995 HSBC, Ltd Jakarta Branch
PT Bank Internasional Indonesia Tbk 137 118 535 PT Bank Internasional Indonesia Tbk
PT Bank Mandiri (Persero) Tbk 196.720 219.577 146.036 PT Bank Mandiri (Persero) Tbk
PT Bank Mizuho Indonesia 50 82 107 PT Bank Mizuho Indonesia
PT Bank Permata Tbk 2.856 2.180 2.325 PT Bank Permata Tbk
PT Bank Sinarmas Tbk 420 74.584 2.360 PT Bank Sinarmas Tbk
PT Bank Syariah Mandiri 46.153 31.099 23.084 PT Bank Syariah Mandiri
Standard Chartered Bank 779 2.124 810 Standard Chartered Bank
Sub jumlah 701.090 652.952 854.227 Sub total

Bank: Cash in banks :


Rekening USD US Dollar accounts
Bangkok Bank 11.053 16.223 101.512 Bangkok Bank
Bank of Tokyo - Mitsubishi UFJ 3.685 31.294 - Bank of Tokyo - Mitsubishi UFJ
Citibank Jakarta 32.829 59.179 51.194 Citibank Jakarta
PT Bank Hana 165.395 26.299 122.658 PT Bank Hana
HSBC, Ltd cabang Jakarta 3.884.745 234.234 383.278 HSBC, Ltd Jakarta Branch
HSBC, Ltd cabang Hongkong 30.513 - 17.673 HSBC, Ltd Hongkong Branch
PT Bank ANZ Indonesia 684.012 1.005.915 45.639 PT Bank ANZ Indonesia
PT Bank Artha Graha - 1.029 3.392 PT Bank Artha Graha
PT Bank Chinatrust Indonesia 8.473 13.388 4.631 PT Bank Chinatrust Indonesia
PT Bank CIMB Niaga Tbk 33.399 23.323 - PT Bank CIMB Niaga Tbk
PT Bank Commonwealth 10.403 288.668 88.327 PT Bank Commonwealth
PT Bank DBS Indonesia 10.439 40.994 7.980 PT Bank DBS Indonesia
PT Bank Ekonomi 8.999 5.422 - PT Bank Ekonomi
PT Bank Internasional Indonesia Tbk 93.485 71.567 36.192 PT Bank Internasional Indonesia Tbk
PT Bank Mizuho Indonesia 6.807 93.303 12.408 PT Bank Mizuho Indonesia
PT Bank Permata Tbk 102.318 40.230 4.431 PT Bank Permata Tbk
PT Bank UOB Indonesia 1.315.308 40.655 305.538 PT Bank UOB Indonesia
PT Bank Central Asia Tbk 78.455 - 36.471 PT Bank Central Asia Tbk
Standard Chartered Bank 146.151 27.501 870 Standard Chartered Bank
Sub jumlah 6.626.469 2.019.224 1.222.193 Sub total

29
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

3. Kas dan setara kas - lanjutan 3. Cash and cash equivalents - continued

Des 2013/ Des 2012/ 1 Jan 2012/


Dec 2013 Dec 2012 Jan 1, 2012
Rekening Euro Euro accounts
PT Bank Commonwealth 10 17 64.501 PT Bank Commonwealth
PT Bank ANZ Indonesia 2.890 149 - PT Bank ANZ Indonesia
PT Bank UOB Indonesia 3.487 - - PT Bank UOB Indonesia
HSBC, Ltd cabang Jakarta 4.082 2.729 2.577 HSBC, Ltd Jakarta branch
Standard Chartered Bank 70 56 277 Standard Chartered Bank
Sub jumlah 10.539 2.951 67.355 Sub total

Rekening SGD Singapore Dollar Account


United Overseas Bank, Ltd 28.386 185.443 - United Overseas Bank, Ltd
HSBC, Ltd cabang Jakarta 1.573 - - HSBC, Ltd Jakarta Branch
DBS Bank Limited 1.633 4.573 - DBS Bank Limited
Sub Jumlah 31.592 190.016 - Sub Total

Rekening HKD Hongkong dollar account


HSBC, Ltd cabang Hongkong 3.825 10.135 2.080 HSBC, Ltd Hongkong branch
Sub jumlah 3.825 10.135 2.080 Sub total

Rekening AUD Australia dollar account


PT Bank Mandiri (Persero) Tbk 747 1.335 1.646 PT Bank Mandiri (Persero) Tbk
Sub jumlah 747 1.335 1.646 Sub total
Jumlah kas di bank 7.374.264 2.876.613 2.147.501 Total cash in banks

Deposito : 30.914.044 13.754.774 17.093.075 Time Deposit


Jumlah kas dan setara kas 38.365.058 17.739.854 19.722.199 Total cash and cash equivalents

Tidak ada kas dan setara kas dengan pihak berelasi. There are no cash and cash equivalents with related parties.
Tingkat suku bunga deposito 9,5% - 10,5% dan untuk USD 3% per 31 Interest rate of time deposits 9,5% - 10,5% and USD to 3% p.a for
Desember 2013 dan 2012 dan 6% - 8,5% untuk tahun yang berakhir December 31, 2013 and 2012 and 6% - 8.5% p.a for year ended January
pada tanggal 1 Januari 2012 1, 2012.

Saldo deposito per 31 Desember 2013 terdiri dari : Balance as of December 31, 2013, time deposit consist of:

Bank UOB Bank UOB

Perusahaan the Company


Sebesar USD 19.335.000 penempatan beberapa deposito dengan jangka Amounting to USD 19.335.000 placement of several deposits a period of
waktu Desember 2013 sampai dengan Januari 2014. December 2013 to January 2014.
Sebesar Rp. 46.393.223.838 penempatan beberapa deposito dengan Amounting to Rp. 46.393.223.838 placement of several deposits a period
jangka waktu Desember 2013 sampai dengan Januari 2014. of December 2013 to January 2014.
PT Pancaprima Ekabrothers (Entitas Anak) PT Pancaprima Ekabrothers (Subsidiary)
Sebesar USD 5.550.000 dengan jangka waktu Desember 2013 sampai Amounting to USD 5.550.000 placement of several deposits from
dengan Januari 2014 . December 2013 to January 2014.
PT Apparelindo Prima Sentosa (Entitas Anak) PT Apparelindo Prima Sentosa (Subsidiary)
Sebesar Rp 18.562.500.000 dengan jangka waktu Desember 2013 Amounting to RP 18.562.500.000 placement of several deposits from
sampai dengan Januari 2014. December 2013 to January 2014.
Bank Commonwealth Bank Commonwealth
PT Hollit International (Entitas Anak) PT Hollit International (Subsidiary)
Sebesar USD 700.000 dengan jangka waktu Desember 2013 sampai Amounting to USD 700.000 placement of several deposits from
dengan Januari 2014. December 2013 to January 2014.

30
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

3. Kas dan setara kas - lanjutan 3. Cash and cash equivalents - continued

Saldo deposito per 31 Desember 2012 terdiri dari : Balance as of Desember 31, 2012, time deposit consist of:

Bank Hana Bank Hana

Perusahaan the Company


Sebesar USD 1.034.126 (Rp 10.000.000.000) dengan jangka waktu satu Amounting to USD 1.034.126 (Rp 10.000.000.000) with the period of one
bulan (tanggal 9 Desember 2012 sampai dengan 9 Januari 2013). month (December 9, 2012 to January 9, 2013).

Bank Windu Kencana Bank Windu Kencana


PT Pancaprima Ekabrothers (Entitas Anak) PT Pancaprima Ekabrothers (Subsidiary)
Sebesar USD 950.000 (Rp 9.186.500.000) dan USD 1.271.975 (Rp Amounting USD 950.000 (Rp 9.186.500.000) and USD 1.271.975 (Rp
12.300.000.000) dengan jangka waktu satu bulan (tanggal 27 Desember 12.300.000.000) with the period of one month (on December 27, 2012
2012 sampai dengan 26 Januari 2013). until January 26, 2013).
Sebesar USD 2.070.393 (Rp 20.000.000.000) dengan jangka waktu satu Amounting to USD 2.070.393 (Rp 20.000.000.000) period of one month
bulan (tanggal 20 Desember 2011 sampai dengan 20 Januari 2012). (December 20, 2011 to January 20, 2012).

Bank Mega Bank Mega

Perusahaan the Company


Merupakan deposito sebesar USD 3.929.679 (Rp 38.000.000.000) Represent as Deposit amounting to USD 3.929.679 (Rp 38.000.000.000)
dengan jangka waktu satu bulan (28 Desember 2012 sampai dengan 28 with the period of one month (December 28, 2012 to December 28,
Januari 2013) 2013).
PT Pancaprima Ekabrothers (Entitas Anak) PT Pancaprima Ekabrothers (Subsidiary)
Sebesar USD 5.015.582 (Rp 48.500.679.387) dengan jangka waktu satu Amounting USD 5.015.582 (Rp 48.500.679.387) with the period of one
bulan (tanggal 28 Desember 2012 sampai dengan 27 Januari 2013). month (December 28, 2012 to January 27, 2013).

Bank Windu Kencana Bank Windu Kencana


Merupakan deposito sebesar USD 1.551.189 (Rp 15.000.000.000) Represent as Deposit amounting to USD 1.551.189 (Rp 15.000.000.000)
dengan jangka waktu satu bulan (28 Desember 2012 sampai dengan 28 with the period of one month (December 28, 2012 to December 28,
Januari 2013) 2013).

Saldo deposito per 1 Januari 2012 terdiri dari : Balance as of January 1, 2012, time deposit consist of:

Bank Windu Bank Windu

Perusahaan the Company


Sebesar Rp 22.000.000.000 dengan jangka waktu satu bulan (tanggal 22 Amounting to Rp 22.000.000.000 with the period of one month (December
Desember 2011 sampai dengan 22 Januari 2012). 22, 2011 to January 22, 2012).
PT Pancaprima Ekabrothers (Entitas Anak) PT Pancaprima Ekabrothers (subsidiary)
Sebesar Rp 20.000.000.000 dengan jangka waktu satu bulan (tanggal 20 Amounting to Rp 20.000.000.000 with the period of one month (December
Desember 2011 sampai dengan 20 Januari 2012). 20, 2011 to January 20, 2012).
Sebesar Rp 8.000.000.000 dengan jangka waktu satu bulan (tanggal 22 Amounting to Rp 8.000.000.000 with the period of one month (December
Desember 2011 sampai dengan 22 Januari 2012). 22, 2011 to January 22, 2012).
PT Minna Padi Asset Manajemen PT Minna Padi Asset Manajemen
Merupakan penempatan dana untuk dikelola sebagai portofolio efek. Represent the placement of funds to be managed as a portfolio of
securities.

Perusahaan the Company


Berdasarkan perjanjian No.536c/MPAM-DISC/XII/2011 tanggal 27 Based on the agreement No.536c/MPAM-DISC/XII/2011 dated on
Desember 2011, jangka waktu penempatan satu bulan (tanggal 27 December 27, 2011, the period of one month (December 27, 2011 to
Desember 2011 sampai dengan 27 Januari 2012) sebesar Rp January 27, 2012) as much as Rp 25.000.000.000.
25.000.000.000.
Berdasarkan perjanjian No.203b/MPAM-DISC/XII/2011 tanggal 16 Based on the agreement No.203b/MPAM-DISC/XII/2011 dated on
Desember 2011, jangka waktu penempatan satu bulan (tanggal 16 December 16, 2011, the period of one month (December 16, 2011 to
Desember 2011 sampai dengan 16 Januari 2012) sebesar Rp January 16, 2012) as much as Rp 30.000.000.000.
30.000.000.000.

31
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

3. Kas dan setara kas - lanjutan 3. Cash and cash equivalents - continued

PT Minna Padi Asset Manajemen PT Minna Padi Asset Manajemen

PT Pancaprima Ekabrothers (Entitas Anak) PT Pancaprima Ekabrothers (subsidiary)


Berdasarkan perjanjian No.537b/MPAM-DISC/XI/2011 tanggal 9 Based on the agreement No. 537b/MPAM-DISC/XI/2011 dated on
November 2011, jangka waktu penempatan tiga bulan (tanggal 9 November 9, 2011, the period of three months (November 9, 2011 to
November 2011 sampai dengan 9 Februari 2012) sebesar Rp February 9, 2012) of Rp 25.000.000.000.
25.000.000.000.
Berdasarkan perjanjian No.192/MPAM-DISC/XI/2011 tanggal 4 Based on the agreement No.192/MPAM-DISC/XI/2011 dated on
November 2011, jangka waktu penempatan tiga bulan (tanggal 9 November 4, 2011, the period of three months (November 9, 2011 to
November 2011 sampai dengan 9 Februari 2012) sebesar Rp February 9, 2012) as much as Rp 25.000.000.000.
25.000.000.000.

4. Piutang usaha 4. Trade receivables


Saldo piutang usaha per 31 Desember 2013 dan 2012 serta per 1 Januari Trade receivables as of December 31, 2013 and 2012 and as of January
2012 terdiri dari: 1, 2012 consist of:
Des 2013/ Des 2012/ 1 Jan 2012/
Dec 2013 Dec 2012 Jan 1, 2012

Pihak ketiga 45.254.418 52.615.964 35.053.516 Third parties


Jumlah piutang usaha, bersih 45.254.418 52.615.964 35.053.516 Total trade receivables, net

Rincian piutang usaha menurut jenis mata uang adalah sebagai berikut: The details of trade receivables based on currency, are as follows:
Des/ Dec 2013 Des/ Dec 2012 1 Jan/ Jan 2012
Disajikan kembali Catatan 2d/ Disajikan kembali Catatan 2d/
As Restated Note 2d As Restated Note 2d
Mata uang asing/ Mata uang USD/ Mata uang asing/ Mata uang USD/ Mata uang asing/ Mata uang USD/
Foreign currency Foreign currency Foreign currency USD currency Foreign currency USD currency
USD - 45.067.055 - 52.479.653 - 34.851.167
Euro 119.809 165.342 - - - -
Rupiah 268.405.926 22.020 1.318.127.370 136.311 1.834.900.732 202.349
Jumlah piutang usaha, bersih/
Total trade receivables, net 268.525.734 45.254.418 1.318.127.370 52.615.964 1.834.900.732 35.053.516

Rincian umur piutang usaha dari pihak ketiga sejak tanggal faktur, An aging schedule of trade receivables from third parties from the invoice
adalah sebagai berikut: date, is as follows:
Des 2013/ Des 2012/ 1 Jan 2012/
Dec 2013 Dec 2012 Jan 1, 2012
Belum jatuh tempo dan tidak mengalami Neither past due
penurunan nilai 38.993.239 42.429.219 29.822.834 nor impaired

Lewat jatuh tempo tetapi tidak mengalami Past due but


penurunan nilai : not impaired
1 sampai dengan 30 hari 4.496.388 7.158.093 3.474.031 Overdue by 1 - 30 days
31 sampai dengan 60 hari 706.191 1.682.301 810.289 Overdue by 31 - 60 days
61 sampai dengan 90 hari 626.744 865.694 497.350 Overdue by 61 - 90 days
lebih dari 90 hari 431.856 480.657 449.012 Overdue by more than 90 days
Jumlah 45.254.418 52.615.964 35.053.516 Total

32
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

4. Piutang usaha - lanjutan 4. Trade receivables - continued

Tidak terdapat konsentrasi risiko kredit yang signifikan. Berdasarkan There are no significant concentrations of credit risk. Based on
penelaahan atas status masing-masing debitur pada tanggal 31 Desember evaluation of the status of each debtor as of December 31, 2013, 2012
2013, 2012 serta 1 Januari 2012 manajemen berkeyakinan bahwa and January 1, 2012 management believes that all of trade receivables
seluruh piutang dapat tertagih sehingga penyisihan penurunan nilai are collectible therefore allowance for impairment accounts is not
sebesar nihil. provided.

Piutang yang dijaminkan : Account receivable collateral:


- PT Ocean Asia Industry - PT Ocean Asia Industry
Dijaminkan pada Bank Permata, sebesar 120% dari nilai outstanding Pledged to the Bank Permata, 120% of the value of outstanding
fasilitas omnibus PSF. Dijaminkan untuk memperoleh fasilitas kredit facilities omnibus PSF. Collateral to obtain credit facilities for working
modal kerja. capital.
Laporan Posisi Keuangan Per 31 Desember 2013 sudah tidak The Statement of Financial Position as of December 31, 2013 the
terdapat piutang yang dijaminkan. account receivable collateral has been released.

5. Piutang lain-lain 5. Other receivables

Saldo piutang lain-lain per 31 Desember 2013 dan 2012 serta 1 Januari Other receivables as of December 31, 2013, 2012 and January 1, 2012
2012 terdiri dari: consist of:
Des 2013/ Des 2012/ 1 Jan 2012/
Dec 2013 Dec 2012 Jan 1, 2012
PT Glory Buana Garment 152.188 252.221 381.465 PT Glory Buana Garment
King Freight Indonesia 148.476 246.461 202.526 King Freight Indonesia
Indonesia Taroko Textile 1.755.971 468.032 242.897 Indonesia Taroko Textile
Panca Plaza Indo Textile 452.321 - - Panca Plaza Indo Textile
Tae Yung Indonesia 278.244 - - Tae Yung Indonesia
Smart Time 246.655 - - Smart Time
Everest Textile - - 120.665 Everest Textile
Lain-lain kurang dari USD 50.000 2.375.729 1.702.007 866.473 Others less than USD 50.000
Jumlah 5.409.583 2.668.720 1.814.027 Total

Piutang lain-lain timbul karena penerbitan debit note yang diterbitkan Other receivables arising from the issuance of debit notes issued by the
oleh Perusahaan seperti klaim atas keterlambatan, kualitas barang yang Company as a claim for the delay, the quality of goods that do not fit and
tidak sesuai dan penggantian biaya karena keterlambatan. Tidak terdapat replacement costs due to delays. There is a period of time, maturity date
jangka waktu, tanggal jatuh tempo dan tingkat bunga. and interest rate.

Tidak terdapat konsentrasi risiko kredit yang signifikan. There are no significant concentrations of credit risk.
Perusahaan telah mengajukan gugatan wanprestasi kepada PT Indonesia The Company has filed a breach of contract lawsuit against PT Indonesia
Taroko Textile sebesar USD 1.654.932. (lihat catatan 41) Taroko Textile amounted USD 1.654.932. (see note 41)
Berdasarkan penelaahan atas status masing-masing debitur pada akhir Based on evaluation of the status of each debtor at the end of period,
periode, manajemen berkeyakinan bahwa seluruh piutang lain-lain dapat management believes that all of other receivables are collectible,
tertagih, sehingga penyisihan penurunan nilai sebesar nihil. therefore allowance for impairment is not provided.

33
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

6. Persediaan 6. Inventories

Saldo persediaan per 31 Desember 2013 dan 2012 serta 1 Januari 2012 Inventories as of December 31, 2013 and 2012 and January 1, 2012
terdiri dari: consist of:
Des 2013/ Des 2012/ 1 Jan 2012/
Dec 2013 Dec 2012 Jan 1, 2012
Bahan baku 11.090.278 9.798.264 5.665.518 Raw materials
Bahan tidak langsung 1.266.210 1.360.123 2.107.898 Indirect materials
Barang dalam proses 39.082.657 37.775.101 36.717.142 Work in process
Barang jadi 3.610.075 4.037.705 3.228.963 Finished goods
Suku cadang, bahan bakar dan pelumas 606.298 1.119.137 308.540 Spareparts, fuels and lubricants
Jumlah 55.655.518 54.090.330 48.028.061 Total
Penyisihan persediaan usang (10.000) - - Provision for obsolete
Jumlah 55.645.518 54.090.330 48.028.061 Total

Berdasarkan hasil penelaahan terhadap fisik dari persediaan, manajemen Based on the result of the assessment on physical condition of inventories,
membentuk penyisihan persediaan usang atas penurunan nilai persediaan the management has to provision obsolete amounted USD 10.000.
sebesar USD 10.000. Manajemen berkeyakinan bahwa penyisihan Management believes that the provision was adequate to cover potential
tersebut cukup untuk menutupi kemungkinan terjadinya kerugian atas losses on impairment of inventories.
penurunan nilai persediaan.

Terhadap persediaan sisa produksi dan sisa produk gagal telah Concerning of remaining product supply and remaining rejected product
dikeluarkan dari saldo persediaan karena manajemen berkeyakinan which were excluded from inventories because the management believes
bahwa persediaan ini tidak mempunyai nilai ekonomi dan diusulkan that the inventories did not have any economical value and had been
untuk dimusnahkan berdasarkan Surat Keputusan Menteri Keuangan proposed to be destroyed based on the Decision Letter of the Financial
No. 580/KMK.04/2003 tentang Tatalaksana Kemudahan Impor Tujuan Ministry No. 580/KMK.04/2003 regarding Regulations of Impor
Ekspor dan Pengawasannya. Facilitation for Export Purpose and its Monitoring.

Persediaan dalam proses pada tanggal 31 Desember 2013, 2012 dan 1 Work in process as of December 31, 2013, 2012 and January 1, 2012
Januari 2012 masing-masing sebesar USD 39.082.657, USD 37.775.101 amounting USD 39.082.657, USD 37.775.101 and USD 36.717.142
dan USD 36.717.142 merupakan persediaan dalam proses dalam rangka represent goods in process for meeting export sales.
pemenuhan permintaan penjualan ekspor.

PT Ocean Asia Industry menjaminkan persediaan pada tanggal 31 PT Ocean Asia Industry pledge the inventory as of December 31, 2012 to
Desember 2012 di Bank Permata dengan jaminan fiducia sampai dengan Permata Bank with fidusia up to USD 4.000.000. The purpose of being
sebesar USD 4.000.000. Jaminan ini untuk memperolah fasilitas bank pledged is for working capital bank facility.
dalam bentuk modal kerja.

Per Laporan Posisi Keuangan 31 Desember 2013 sudah tidak terdapat As per The Statement of Financial Position as of December 31, 2013, the
persediaan yang dijaminkan. inventories collateral has been released.

Persediaan ditempatkan pada beberapa gudang dengan lokasi yang Inventories are placed at several warehouse in different location, therefor
berbeda, sehingga kemungkinan terjadi risiko secara bersamaan sangat less likelihood of risk simultaneously.
kecil.

Persediaan telah diasuransikan terhadap risiko kebakaran, gempa bumi, Inventories are insured against the risk of fire, earthquake, lightning and
petir dan risiko lainnya secara co. insurance kepada PT Jaya Proteksi other risks of PT Jaya Proteksi and PT Mitra, Iswara & Rorimpandey
serta PT Mitra, Iswara & Rorimpandey (MIR) selaku broker Asuransi (MIR) as the insurance broker which is covered by the policy PT.
dimana polis tersebut dicover oleh PT. Asuransi MSIG Indonesia, PT. Asuransi MSIG Indonesia, PT. Kurnia Insurance Indonesia, PT. Asuransi
Kurnia Insurance Indonesia, PT. Asuransi Rama Satria Wibawa, PT. Rama Satria Wibawa, PT. China Taiping Insurance Indonesia, PT.
China Taiping Insurance Indonesia, PT. Asuransi Indrapura dan PT. Asuransi Indrapura and PT. MAA General Insurance with total coverage
MAA General Insurance dengan jumlah nilai pertanggungan untuk tahun for end year as of December 31, 2013, 2012 and January 1, 2012
yang berakhir 31 Desember 2013, 2012 dan 1 Januari 2012 masing- amounting to USD 35.000.000, USD 39.700.000 and USD 21.700.000
masing sebesar USD 35.000.000, USD 39.700.000 dan USD respectively.
21.700.000.

Persediaan yang diakui sebagai beban pada tahun berjalan untuk 31 Inventories recognised as an expense in the year for the years ended
Desember 2013 dan 2012 masing - masing sebesar USD 216.333.705 December 31, 2013 dan 2012, each amounting to USD 216.333.705 and
dan USD 179.821.893. USD 179.821.893 respectively.

34
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

7. Perpajakan 7. Taxation

a. Pajak dibayar dimuka a. Prepaid taxes

Des 2013/ Des 2012/ 1 Jan 2012/


Dec 2013 Dec 2012 Jan 1, 2012
PPN Masukan VAT In
- Perusahaan 1.112.573 616.084 840.380 The Company -
- Entitas Anak 6.808.274 4.821.786 2.578.424 Subsidiary -
7.920.848 5.437.870 3.418.804

PPh pasal 28A Income tax art 28a


- Perusahaan - 91.079 77.394 The Company -
- Entitas Anak 395.023 58 3.505 Subsidiary -
395.023 91.137 80.899
Jumlah 8.315.870 5.529.007 3.499.703 Total

Saldo pajak pertambahan nilai masukan per 31 Desember 2013, Value added tax in as of December 31, 2013, 2012 and January 1,
2012 dan 1 Januari 2012 masing-masing sebesar USD 7.920.848, 2012 amounting to USD 7.920.848, USD 5.437.870 and USD
USD 5.437.870 dan USD 3.418.804 terdiri dari pajak pertambahan 3.418.804 respectively, consists of the Holding Companys value
nilai masukan Induk Perusahaan sebesar USD 1.112.573, USD added tax in amounting to USD 1.112.573, USD 616.084 and USD
616.084 dan USD 840.380 dan PT Pancaprima Ekabrothers (Entitas 840.380 that of PT Pancaprima Ekabrothers (subsidiaries)
Anak) sebesar USD 3.509.871 dan USD 3.804.008 dan USD amounting to USD 3.509.871 and USD 3.804.008 and USD
2.387.447, PT Hollit International sebesar USD 129.714 dan USD 2.387.447 PT Hollit International amounting to USD 129.714 and
57.764 dan USD Nihil PT Ocean Asia Industry USD 3.168.540 dan USD 57.764 and USD Nil PT Ocean Asia Industry USD 3.168.540
USD 960.015 dan USD 190.977 Apparelindo Prima Sentosa sebesar and USD 960.015 and USD 190.977 Apparelindo Prima Sentosa
USD 150. amounting USD 150.

Perusahaan the Company


Pada tahun 2013 Perusahaan menerima restitusi PPN untuk Periode In 2013 the Company received a refund of VAT for the period
Desember 2011 sebesar Rp 1.221.859.619 dan untuk Periode Maret December 2011 amounted to Rp 1.221.859.619 and for the period
2012 sebesar Rp 1.272.508.385. March 2012 for Rp 1.272.508.385.

Pada tahun 2012 Perusahaan menerima restitusi PPN untuk periode In 2012 the Company received a tax refund VAT for the period
pajak Oktober - Desember 2007 sebesar Rp 1.015.684.768 yang October to December 2007 amounting to Rp 1.015.684.768 which
merupakan hasil dari banding pajak no. were the result of tax court no. PUT.36870/PP/M.XP/162012 dated
PUT.36870/PP/M.XP/162012 tanggal 22 Pebruari 2012, Desember February 22, 2012, December 2010 amounted to Rp 1.248.822.340,
2010 sebesar Rp 1.248.822.340, Maret 2011 sebesar Rp March 2011 amounting to Rp 1.626.386.878, and August 2011
1.626.386.878, dan Agustus 2011 sebesar Rp 1.373.239.925. amounting to Rp 1.373.239.925.

Pada tahun 2011 Perusahaan menerima restitusi PPN untuk periode In 2011, the Company received VAT refund for tax period
pajak September 2009, Desember 2009 dan April 2010 sebesar Rp September, December 2009 and April 2010 of Rp 1.634.853.077
1.634.853.077 dari Direktorat Jenderal Pajak. from the Directorate General of Taxation.

Pada tahun 2011 Perusahaan menerima SKPLB Pajak penghasilan In 2011 the Company received tax assessment letter on corporate
badan tahun pajak 2009 sebesar Rp 1.421.162.637. income tax over payment (SKPLB) 2009 amounting to Rp
1.421.162.637.

PT Pancaprima Ekabrothers (Entitas Anak) PT Pancaprima Ekabrothers (Subsidiary)


Pada tahun 2013 PT Pancaprima Ekabrothers menerima restitusi In 2013 PT Pancaprima Ekabrothers receive VAT refunds for the tax
PPN untuk Periode pajak Juli - September 2011 sebesar Rp period July to September 2011 amounted to Rp 7.635.204.138 and
7.635.204.138 dan periode pajak Oktober sampai dengan Desember the tax period October to December 2011 amounted to Rp
2011 sebesar Rp 6.448.814.278. 6.448.814.278.

Pada tahun 2012 PT Pancaprima Ekabrothers (entitas anak) In 2012 PT Pancaprima Ekabrothers (subsidiaries) received VAT
menerima restitusi PPN untuk periode pajak Januari - Maret 2011 refunds for the tax period January to March 2011 amounting to Rp
sebesar Rp 2.947.535.815 dan April - Juni 2011 sebesar Rp 2.947.535.815 and April - June 2011 amounting to Rp
4.884.102.207. 4.884.102.207.

Pada tahun 2011 PT Pancaprima Ekabrothers (Entitas Anak) In 2011, PT Pancaprima Ekabrothers (Subsidiary) received VAT
menerima restitusi PPN untuk masa Januari-Desember 2010 sebesar refund for tax period January - December 2010 of Rp
Rp 11.441.185.553 dari Direktorat Jenderal Pajak. 11.441.185.553 from the Directorate General of Taxation.

35
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

7. Perpajakan - lanjutan 7. Taxation - continued

b. Utang pajak b. Taxes payable


Des 2013/ Des 2012/ 1 Jan 2012/
Dec 2013 Dec 2012 Jan 1, 2012
Perusahaan The Company
PPh psl 21 5.234 41.173 22.263 Income tax art 21
PPh psl 23 26.401 12.861 2.825 Income tax art 23
PPh psl 26 6.283 3.103 - Income tax art 26
PPh psl 25/29 844.338 56.129 - Income tax art 25/29
PPh psl 4 ayat 2 7.026 6.760 1.300 Income tax art 4 section 2
Entitas Anak : Subsidiary :
PPN Keluaran 81 - - VAT Out
PPh psl 21 157.466 41.449 88.958 Income tax art 21
PPh psl 23 13.463 45.314 35.137 Income tax art 23
PPh psl 25/29 845.810 324.084 1.150.938 Income tax art 25/29
PPh psl 26 - 966 752 Income tax art 26
PPh psl 4 ayat 2 8.860 5.434 6.046 Income tax art 4 section 2
Pajak lain-lain 89.196 104.890 - Others tax
Jumlah 2.004.158 642.162 1.308.218 Total

c. Manfaat (beban) pajak c. Tax benefit (expense)


Manfaat (beban) pajak Perusahaan dan Entitas Anak terdiri dari : Tax Benefit (expense) of the Company and subsidiaries consist of the
following :
Des 2013/ Des 2012/
Dec 2013 Dec 2012
Kini Current
Perusahaan 1.120.051 191.539 The Company
Entitas Anak : Subsidiary :
PT Pancaprima Ekabrothers 1.936.113 1.398.798 PT Pancaprima Ekabrothers
PT Hollit International 74.250 295.936 PT Hollit International
Continent 8 53.851 104.890 Continent 8
PT Ocean Asia Industries - 80.144 PT Ocean Asia Industries
Jumlah manfaat (beban) pajak 3.184.265 2.071.306 Total tax benefit (expense)

Pajak tangguhan lihat catatan 7d. Deferred tax see notes 7d

Kini Current
Rekonsiliasi antara laba (rugi) sebelum taksiran pajak penghasilan Reconciliation between profit (loss) before corporate income tax
badan dengan taksiran penghasilan (rugi) kena pajak adalah sebagai (loss) and taxable income is as follows:
berikut:
Des 2013/ Des 2012/
Dec 2013 Dec 2012
Laba (rugi) sebelum pajak Profit (loss) before income tax
penghasilan sesuai dengan laporan based on consolidated
laba rugi konsolidasian 12.745.579 9.589.477 statement of income
Laba (rugi) anak perusahaan Profit (loss) of subsidiary
sebelum pajak penghasilan 7.265.344 8.032.480 before income tax
Eliminasi konsolidasian (14.575.372) (16.083.399) Elimination consolidated
Laba (rugi) Perusahaan sebelum Profit (loss) of the Company before
taksiran penghasilan estimated tax
(beban) pajak 5.435.551 1.538.558 income (expense)
Beda waktu: Timing differences :
Kewajiban diestimasi untuk Provision for retirement
manfaat pensiun 561.231 378.722 benefit
Penyusutan aset tetap 40.977 (130.074) Depreciation of fixed assets
Aktual manfaat karyawan yang Actual employees benefit
dibayarkan (146.033) (175.521) paid
Jumlah beda waktu 456.175 73.127 Total timing differences

36
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

7. Perpajakan - lanjutan 7. Taxation - continued

Des 2013/ Des 2012/


Dec 2013 Dec 2012
Beda tetap: Permanent differences :
Penghasilan bunga dan jasa giro (234.865) (817.433) Interest income
Beban pajak 12.630 10.926 Tax expenses
Jamuan 9.915 13.419 Entertainment
Sumbangan 15.282 6.918 Donation
Pendapatan sewa gedung (109.637) (66.893) building rental income
Lain-lain 15.204 199.072 Others
Jumlah beda tetap (291.471) (653.990) Total permanent differences
Laba (rugi) fiskal 5.600.254 957.695 Taxable income (deficit)
Laba (rugi) fiskal, dibulatkan 5.600.254 957.695 Taxable income (deficit),rounded off

Perusahaan Company
Taksiran pajak penghasilan badan 1.120.051 191.539 Provision for income tax
Dikurangi : Less :
Uang muka pajak : Prepaid Taxes
Pajak Penghasilan Pasal 22 (1.847) (2.959) Income Taxes article 22
Pajak Penghasilan Pasal 23 (46.575) (13.550) Income Taxes article 23
Pajak Penghasilan Pasal 25 (227.291) (118.901) Income Taxes article 25
(275.713) (135.410)
Utang/ (piutang) PPh badan income tax (receivable)/ payable
- Perusahaan 844.338 56.129 The Company
Utang pajak penghasilan badan Subsidiaries
- Entitas anak 935.006 324.084
1.779.344 380.213

Sehubungan dengan kepemilikan saham Perusahaan oleh masyarakat Due to ownership of the Company shares by the public exceeds 40%,
di atas 40%, maka Perusahaan mendapatkan penurunan tarif sesuai the Company was granted a tariff reduction according to Finance
peraturan Menteri Keuangan No.238/PMK.03/2008 tanggal 30 Minister regulation No.238/PMK.03/2008 dated December 30,
Desember 2008. Sehingga pajak penghasilan badan 31 Desember 2008. Therefore corporate income tax for December 31, 2013 and
2013 dan 2012 dihitung berdasarkan tarif 20%. 2012 is calculated at 20%.
Laba kena pajak hasil rekonsiliasi menjadi dasar dalam pengisian Taxable income from reconsiliation is the basis of filling the annual
SPT Tahunan PPh Badan. corporate income tax.

d. Tangguhan d. Deferred
Terdiri dari : Consist of :
Des 2013/ Des 2012/ 1 Jan 2012/
Dec 2013 Dec 2012 Jan 1, 2012

Aset (liabilitas) pajak tangguhan/ Deferred tax asset (liabilities):


Perusahaan : 974.549 82.444 68.428 The Company :
Entitas Anak : Subsidiary :
PT Pancaprima Ekabrothers 528.469 511.406 536.671 PT Pancaprima Ekabrothers
PT Hollit Internasional 58.821 80.573 81.233 PT Hollit Internasional
PT Apparelindo Prima Sentosa 24 - - PT Apparelindo Prima Sentosa
Jumlah aset (liabilitas) Total deferred tax
pajak tangguhan, bersih 1.561.863 674.423 686.332 assets (liabilities), net

37
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

7. Perpajakan - lanjutan 7. Taxation - continued

e. Rekonsiliasi antara manfaat (beban) pajak dan hasil e. Reconciliation between the total tax benefit (expense) and the
perkalian laba akuntansi sebelum pajak dengan tarif amounts computed by applying the effective tax rate to income
pajak yang berlaku adalah sebagai berikut: before tax is as follows:

Des 2013/ Des 2012/


Dec 2013 Dec 2012
Perusahaan The Company
Laba (rugi) Perusahaan sebelum Profit (loss) of the Company before
taksiran penghasilan estimates tax
(beban) pajak 5.435.551 1.538.558 income (expense)
Tarif pajak efektif Effective tax rate
(25%) (1.358.888) (384.640) (25%)
Efek pajak perbedaan tetap : Tax effect of permanent differences :
Penghasilan bunga dan jasa giro (58.716) (204.358) Interest income and demand deposit
Beban pajak 3.157 2.732 tax expenses
Jamuan 2.479 3.355 Entertainment
Sumbangan 3.821 1.730 Donation
Pendapatan sewa gedung (27.409) (16.723) Gain on building rental
Lain-lain 3.801 49.768 Others
Jumlah (72.868) (163.498) Total

Manfaat (beban) pajak (1.431.755) (548.137) Tax benefit (expense)


Pengaruh penurunan tarif pajak 271.778 76.928 Effect of tax reduction
Lain-lain 267.872 506.594 Others
Jumlah (beban) manfaat Total deferred tax (expense)
pajak tangguhan (892.106) 35.385 benefit
Entitas Anak 4.012 (25.925) Subsidiaries
Jumlah (beban) manfaat Total deferred tax
pajak tangguhan, bersih (888.094) 9.460 (expenses) benefits, net

Pada September 2008, Undang-undang No.7 tahun 1983 mengenai In September 2008, law No. 7 year 1983 regarding "Income Tax"
"Pajak Penghasian" diubah untuk keempat kalinya dengan Undang- has been revised for the fourth time with law No. 36 Year 2008. The
undang No. 36 Tahun 2008. Perubahan tersebut juga mencakup revised law stipulates changes in corporate tax rate from a stratified
perubahan tarif pajak penghasilan badan dari sebelumnya tax rate to single rate of 25% .
menggunakan tarif pajak bertingkat menjadi tarif tunggal yaitu 25%.

8. Beban dibayar dimuka 8. Prepaid expenses

Des 2013/ Des 2012/ 1 Jan 2012/


Dec 2013 Dec 2012 Jan 1, 2012
Asuransi 78.735 63.335 25.641 Insurance
Sewa 368.446 456.853 304.195 Rental
Lain-lain * 2.235.121 724.886 706.589 Others *
Jumlah 2.682.302 1.245.073 1.036.425 Total

* Lain-lain merupakan beban untuk pengurusan dokumen ekspor dan * Others represents provision to export document processing and other
biaya-biaya sehubungan dengan fasilitas modal kerja kredit charges in connection with working capital syndication credit facility.
sindikasi.

38
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

9. Uang muka 9. Advance payments

Des 2013/ Des 2012/ 1 Jan 2012/


Dec 2013 Dec 2012 Jan 1, 2012
Pihak ketiga Third parties
Impor L/C SCB (USD) 129.723 22.188 97.557 Import L/C SCB (USD)
Impor L/C BII (USD) - 250.526 85.859 Import L/C BII (USD)
Impor L/C Bank Mizuho (USD) - 193.783 - Import L/C Bank Mizuho (USD)
Impor L/C Bank Chinatrust (USD) - - 111.838 Import L/C Bank Chinatrust (USD)
Impor L/C Bank ANZ (USD) - - 84.355 Import L/C Bank ANZ (USD)
Impor L/C Bank DBS (USD) - - 141.873 Import L/C Bank DBS (USD)
Impor L/C HSBC (USD) 733.146 388.351 69.499 Import L/C HSBC (USD)
Impor L/C Mitsubishi 100.621 252.477 - Import L/C Mitsubishi
Impor L/C UOB Indonesia - 192.864 26.657 Import L/C UOB Indonesia
Impor L/C Bank Ekonomi (USD) - 28.937 - Import L/C Bank Ekonomi (USD)
Impor non L/C (USD) 3.043.853 1.349.812 1.451.910 Import non L/C (USD)
Lokal non L/C 130.135 3.911.011 178.789 Local non L/C
PT Putra Pilar Sejati 2.263.100 1.189.463 2.021.912 PT Putra Pilar Sejati
PT Pilar Sejati Sejahtera 1.012.345 2.189.661 - PT Pilar Sejati Sejahtera
Uang muka pembelian aset tetap 4.248.802 1.811.392 2.280.299 Prepayment of fixed assets purchases
Uang muka pembelian bahan baku 1.094.511 500.294 804.356 Prepayment of raw materials purchases
Uang muka expedisi 28.691 99.343 449.881 Prepayment of freight export
Lain-lain/ 1.193.403 1.273.335 4.670.815 Others
Jumlah/Total 13.978.329 13.653.438 12.475.598 Jumlah/Total

Uang muka lokal non L/C per 31 Desember 2013, 2012 dan 1 Januari Advance payments of local non L/C as of December 31, 2013, 2012 and
2012 merupakan uang muka Perusahaan untuk pembelian bahan baku January 1, 2012 represent the Companys advance to purchase raw
dan aksesoris kepada supplier. material and accessories to suppliers.

Saldo uang muka kepada PT Pilar Sejati Sejahtera dan PT Putra Pilar The balance of advance payments to PT Pilar Sejati Sejahtera and PT
Sejati per 31 Desember 2013, 2012 dan 1 Januari 2012 merupakan uang Putra Pilar Sejati as of December 31, 2013, 2012 and January 1, 2012
muka dalam rangka pemakaian jasa CMT. represent advance payments for CMT services.

Uang muka pembelian aset tetap merupakan uang muka Perusahaan dan Advances for purchase of fixed assets represent advances the Company
PT Pancaprima Ekabrothers (Entitas Anak) untuk pembelian aset tetap. and PT Pancaprima Ekabrothers (Subsidiary) for the purchase of fixed
assets.

Uang muka pembelian bahan baku per 31 Desember 2013, 2012 dan 1 Advance payments of raw materials purchases as of December 31,
Januari 2012 merupakan uang muka pembelian bahan baku PT 2013,2012 and January 1, 2012 represents advance payments of raw
Pancaprima Ekabrothers (Entitas Anak). material purchase of PT Pancaprima Ekabrothers (Subsidiary).

Uang muka angkutan ekspor per 31 Desember 2013, 2012 serta 1 Advance payments of export delivery as of December 31, 2013, 2012 also
Januari 2012 merupakan uang atas beban ekspedisi ekspor. January 1, 2012 represents prepayment of delivery expense for export.

10. Investasi Jangka Panjang 10. Long Term Investment

PT Pancaprima Ekabrothers (Entitas Anak) memiliki investasi saham PT Pancaprima Ekabrothers (subsidiary) has investment in Primatex
pada Primatex International Co Ltd dengan nilai investasi per 31 International Co Ltd. The balance value as of December 31, 2013, 2012
Desember 2013, 2012 dan 1 Januari 2012 masing-masing sebesar USD and January 1, 2012 amounted to USD 19.384 respectively equal to 15%.
19.384 setara dengan 15%.

Pada tanggal 31 Desember 2013 jumlah agregat aset, liabilitas, On December 31, 2013 the agregate of assets, liabilities, revenues and
pendapatan dan laba masing- masing sebesar USD 1.235.744 ; USD net income amounted to USD 1.235.744 ; USD 784.132 ; USD 523.201
784.132 ; USD 523.201 dan USD 284.563. and USD 284.563 respectively.

39
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

11. Aset tetap 11. Fixed assets

Saldo awal/ Penambahan/ Pengurangan/ Reklasifikasi/ Saldo akhir/


Beginning balance Addition Deduction Reclassification Ending balance
Jan/Jan 2013 Des/Dec 2013

Harga perolehan/Acquisition cost


Kepemilikan langsung/ Direct acquisition

Tanah/Land 10.217.602 4.620 213.436 - 10.008.786


Bangunan/Building 14.187.894 912.721 158.800 2.653.432 17.595.247
Mesin/Machinery 39.342.114 2.667.127 643.471 - 41.365.770
Instalasi/Installation 3.750.640 112.722 - - 3.863.362
Peralatan pabrik dan perlengkapan
pabrik/ Factory equipment and supplies 6.045.363 2.856.780 - 2.369 8.904.511
Inventaris/perlengkapan kantor/kantin
Office /canteen equipment and funitures 4.833.280 580.950 15.949 - 5.398.281
Kendaraan/ Vehicles 3.285.547 40.684 242.774 (443.903) 2.639.554
Prasarana/ Infrastructure 2.059.325 165.787 - - 2.225.112
Aset dalam pembangunan/Assets under
construction 2.858.989 3.575.689 - (2.655.801) 3.778.877
Sub jumlah/ Sub total 86.580.754 10.917.080 1.274.430 (443.903) 95.779.501

Aset sewa / Leased asset


Kendaraan/ Vehicles 631.973 631.497 - 443.903 1.707.373
Jumlah 87.212.727 11.548.577 1.274.430 - 97.486.874

Akumulasi penyusutan/ Accumulated


Depreciation
Kepemilikan langsung/ Direct acquisition

Bangunan/Building 2.981.136 632.989 - - 3.614.125


Mesin/Machinery 18.888.670 4.332.954 643.156 - 22.578.468
Instalasi/Installation 1.180.499 329.354 - - 1.509.853
Peralatan pabrik dan perlengkapan
pabrik/ Factory equipment and supplies 4.325.309 782.119 - - 5.107.428
Inventaris/perlengkapan kantor/kantin
Office /canteen equipment and funitures 3.663.379 453.225 3.418 - 4.113.186
Kendaraan/ Vehicles 2.225.898 29.126 144.729 - 2.110.295
Prasarana/ Infrastructure 803.764 235.833 - - 1.039.597
Sub jumlah/ Sub total 34.068.655 6.795.601 791.303 - 40.072.953

Aset sewa / Leased asset


Kendaraan/ Vehicles 153.826 439.288 - 593.114
Jumlah/ Total 34.222.481 7.234.889 791.303 - 40.666.067

Nilai buku/ Book value 52.990.246 56.820.807

40
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

11. Aset tetap - lanjutan 11. Fixed assets - continued

Saldo awal/ Penambahan/ Pengurangan/ Reklasifikasi/ Saldo akhir/


Beginning balance Addition Deduction Reclassification Ending balance
Jan/Jan 2012 Des/Dec 2012

Harga perolehan/Acquisition cost


Kepemilikan langsung/ Direct acquisition
Tanah/Land 9.966.389 251.213 - - 10.217.602
Bangunan/Building 11.789.137 2.319.318 - 79.438 14.187.894
Mesin/Machinery 32.169.295 7.878.052 705.233 - 39.342.114
Instalasi/Installation 2.747.277 955.417 - 47.946 3.750.640
Peralatan pabrik dan perlengkapan
pabrik/ Factory equipment and supplies 5.181.622 863.741 - - 6.045.363
Inventaris/perlengkapan kantor/kantin
Office /canteen equipment and funitures 4.097.943 747.053 11.716 - 4.833.280
Kendaraan/ Vehicles 3.130.515 218.562 63.530 - 3.285.547
Prasarana/ Infrastructure 1.507.481 554.884 3.040 - 2.059.325
Aset dalam pembangunan/Assets under
construction 1.647.165 3.213.447 - (2.001.623) 2.858.989
Sub jumlah /Sub total 72.236.823 17.001.687 783.519 (1.874.239) 86.580.754

Aset sewa / Leased asset


Kendaraan/ Vehicles 451.142 180.831 - - 631.973
Jumlah/ Total 72.687.965 17.182.518 783.519 (1.874.239) 87.212.727

Akumulasi penyusutan/ Accumulated


Depreciation
Kepemilikan langsung/ Direct acquisition
Bangunan/Building 2.424.909 556.227 - - 2.981.136
Mesin/Machinery 16.003.943 3.428.224 543.497 - 18.888.670
Instalasi/Installation 884.014 296.485 - - 1.180.499
Peralatan pabrik dan perlengkapan
pabrik/ Factory equipment and supplies 3.674.943 650.366 - - 4.325.309
Inventaris/perlengkapan kantor/kantin
Office /canteen equipment and funitures 3.273.106 401.989 11.716 - 3.663.379
Kendaraan/ Vehicles 1.913.029 376.399 63.530 - 2.225.898
Prasarana/ Infrastructure 611.221 195.583 3.040 - 803.764
Sub jumlah/ Sub total 28.785.165 5.905.273 621.783 - 34.068.655

Aset sewa / Leased asset


Kendaraan/ Vehicles 49.417 104.409 - - 153.826
Jumlah/ Total 28.834.582 6.009.682 621.783 - 34.222.481

Nilai buku/ Book value 43.853.383 52.990.246

41
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

11. Aset tetap - lanjutan 11. Fixed assets - continued

Saldo awal/ Penambahan/ Pengurangan/ Reklasifikasi/ Saldo akhir/


Beginning balance Addition Deduction Reclassification Ending balance
Jan/Jan 2011 Des/Dec 2011
Harga perolehan/Acquisition cost
Kepemilikan langsung/ Direct acquisition
Tanah/Land 8.130.694 1.835.695 - - 9.966.389
Bangunan/Building 6.753.555 3.119.081 - 1.916.501 11.789.137
Mesin/Machinery 23.074.629 9.142.180 47.514 - 32.169.295
Instalasi/Installation 1.479.151 555.021 - 713.105 2.747.277
Peralatan pabrik dan perlengkapan
pabrik/ Factory equipment and supplies 6.533.578 865.652 2.221.439 3.831 5.181.622
Inventaris/perlengkapan kantor/kantin
Office /canteen equipment and funitures 892.751 3.214.621 20.478 11.049 4.097.943
Kendaraan/ Vehicles 2.417.419 1.003.328 290.232 - 3.130.515
Prasarana/ Infrastructure 1.039.678 156.458 - 311.345 1.507.481
Aset dalam pembangunan/Assets under
construction 530.066 4.118.917 - (3.001.819) 1.647.165
Sub jumlah /Sub total 50.851.521 24.010.953 2.579.663 (45.988) 72.236.823
Aset sewa / Leased asset
Kendaraan/ Vehicles - 526.131 74.989 - 451.142
Jumlah/ Total 50.851.521 24.537.084 2.654.652 (45.988) 72.687.965

Akumulasi penyusutan/ Accumulated


Depreciation
Kepemilikan langsung/ Direct acquisition
Bangunan/Building 2.083.722 341.187 - - 2.424.909
Mesin/Machinery 13.224.682 2.812.855 33.594 - 16.003.943
Instalasi/Installation 727.545 156.469 - - 884.014
Peralatan pabrik dan perlengkapan
pabrik/ Factory equipment and supplies 4.951.908 699.239 1.976.204 - 3.674.943
Inventaris/perlengkapan kantor/kantin
Office /canteen equipment and funitures 647.409 2.646.175 20.478 - 3.273.106
Kendaraan/ Vehicles 1.747.446 453.475 287.892 - 1.913.029
Prasarana/ Infrastructure 481.349 129.872 - - 611.221
Sub jumlah/ Sub total 23.864.061 7.239.272 2.318.168 - 28.785.165
Aset sewa / Leased asset
Kendaraan/ Vehicles - 55.666 6.249 - 49.417
Jumlah/ Total 23.864.061 7.294.938 2.324.417 - 28.834.582
Nilai buku/ Book value 26.987.460 43.853.383

Beban penyusutan aset tetap untuk periode dan tahun yang berakhir pada Depreciation of fixed assets for period and year ended December 31,
tanggal 31 Desember 2013, 2012 dan 1 Januari 2012 dialokasikan 2013, 2012 and January 1, 2012 is charged as follows :
sebagai berikut :

Des 2013/ Des 2012/ 1 Jan 2012/


Dec 2013 Dec 2012 Jan 1, 2012

Beban pabrikasi (lihat catatan 25) 6.299.098 5.223.404 6.498.230 Factory expenses (see notes 25)
Beban umum dan General and administrative
administrasi (lihat catatan 27) 835.686 688.063 697.180 expenses (see notes 27)
Lain-lain 100.105 98.215 99.528 Others
Jumlah 7.234.889 6.009.682 7.294.938 Total

Pengurangan aset tetap merupakan penjualan aset tetap dengan rincian Deductions in fixed assets represent the sale of fixed assets with details as
sebagai berikut : follows:

Des 2013/ Des 2012/ 1 Jan 2012/


Dec 2013 Dec 2012 Jan 1, 2012
Hasil penjualan 483.802 26.417 277.214 Proceeds
Nilai buku bersih (370.748) (72.396) 4.783 Net book value
Laba (rugi) penjualan aset tetap 113.054 (45.979) 281.997 Gain (loss) on sale of fixed assets

42
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

11. Aset tetap - lanjutan 11. Fixed assets - continued

Dibawah ini merupakan rincian aset dalam pembangunan berikut jumlah Represents a details of assets under construction following the completion
tercatat dan estimasi penyelesaian proyek per 31 Desember 2013, 2012 of the carrying amount and estimated project completion as of December
serta 1 Januari 2012 sebagai berikut: 31, 2013, 2012 and January 1, 2012 as follows:

Nama Pekerjaan/ Nilai kontrak/ Persentase jumlah/ Estimasi penyelesaian/


The list of job Contract value % Total percentage Estimated completion
31 Des / Dec 2013 31 Des / Dec 2013

Pekerjaan : Gedung Printing Dan Bak Water Tahap-1-4/


Building Printing And Bath Water Phase 1-4 357.806 73 260.222 Feb 2014
Pekerjaan Renovasi Ruang Makan Kantor Induk Lantai II/
Renovation Works Office Dining Room Floor Master II 5.056 30 1.517 Feb 2014
Pekerjaan : Renovasi Ruang Show Room/
Remodeling Show Room Space 4.269 30 1.281 Feb 2014
Pekerjaan : Pembuatan Jalur Kabel Cctv, FO/
Making Strip CCTV Cables, FO - 760 Dec 2013
Pekerjaan : Renovasi Ruang Hrd/ Renovation of space Hrd 4.473 30 1.342 Feb 2014
Pemasangan Exhaust Fan Maupun Filter Pad/
Nor Filter Installation Exhaust Fan Pad 112.011 91 102.261 Feb 2014
Pekerjaan : Pembelian Kursi Sewing P15 Tahap I/
Purchasing Sewing Chair P15 Phase I 25.581 27 6.977 Feb 2014
Pekerjaan : Pemasangan Plafon Sample Dan Pengecatan/
Ceiling Installation Sample And Painting 6.181 95 5.872 Feb 2014
Pekerjaan : Instalasi Sewing, Cutting, Lampu Gantung,
Office, Fiti, Lampu Sorot, Tray, Grounding/
Installation Sewing, Cutting, Hanging Lamp,
Office, Fiti, Floodlight, Tray, Grounding 146.417 55 79.864 Feb 2014
Pekerjaan Warehouse P8 Tahap I - III/
Warehouse jobs P8 Phase I - III 715.303 73 520.221 Feb 2014
Pagar Panel Beton/ Concrete Fence Panels 25.407 30 7.622 Feb 2014
Pekerjaan Pagar Panel Beton/ Concrete Panel Fencing 25.009 91 22.736 Feb 2014
Pekerjaan : Instalasi Filter Pad , Dll
Installation of Filter Pad, Etc. 68.263 92 62.542 Dec 2013
Pekerjaan : Testing Comissioning PLN/
Testing commissioning PLN 4.431 45 2.014 Mar 2014
Pekerjaan Kursi Sewing/ Sewing Chairs Work 49 Dec 2013
Pekerjaan : Parking Area/ Parking Area 80.603 32 25.646 Dec 2013
Pekerjaan : Renovasi R. Cutting Termin_1/
Renovation R. Cutting Termin_1 114.869 68 78.320 Dec 2013
Pekerjaan : Bedeng, Persiapan Tanah Galian Termin 1,2/
Beds, Soil Preparation Digging Term 1.2 16.972 95 16.123 Dec 2013
Pekerjaan : Mess Karyawan _Termin 1/
Employee Mess _Termin 1 363.290 18 66.053 Aug 2014
Pekerjaan : Pekerjaan Epoxy Floor Coating_Sragen/
Floor Epoxy job Coating_Sragen 10.488 100 10.488 Dec 2013
Pekerjaan Eating Area Termin_1/
Eating Area jobs Termin_1 12.416 50 6.208 Feb 2014
Pekerjaan Renovasi Kantin Termin_1/
Cafeteria Renovation Work Termin_1 16.313 50 8.157 Feb 2014
Pembangunan kantor - PPEB Boyolali/
Development Office - PPEB Boyolali 29.224 77 22.408 Jan 2014
Instalasi office Panca 2B/ Installing office Panca 2B 26.868 30 7.943 Apr 2014
Pekerjaan & instalasi - office Hollit/
Jobs & installations - office Hollit 7.173 30 2.146 Jul 2014
Pekerjaan & instalasi - office Hollit/
Jobs & installations - office Hollit 12.764 30 3.819 Jul 2014
Pek. Partisi alumunium & instalasi listrik/
Aluminum partitions and electrical installations 12.629 30 3.751 Jul 2014
Pek. Struktur Arsitektur-Landscape/
Structure-Landscape Architecture 2.249.671 56 1.260.074 Mar 2014
Jumlah dipindahkan/ Total carried forward 4.453.486 2.586.415

43
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

11. Aset tetap - lanjutan 11. Fixed assets - continued

Nama Pekerjaan/ Nilai kontrak/ Persentase jumlah/ Estimasi penyelesaian/


The list of job Contract value % Total percentage Estimated completion
31 Des / Dec 2013 31 Des / Dec 2013

Jumlah pindahan/ Total brought forward 4.453.486 2.586.415


Pekerjaan Sport Hall/ Sport Hall 342.391 56 190.069 May 2014
Pekerjaan office (PAN BROTHERS GROUP) /
Employment office (PAN BROTHERS GROUP) 1.474.528 31 453.595 May 2014
Pek.gudang WS1+MEZZANINNE+CUTT+FILL
Warehouse WS1+MEZZANINNE+CUTT+FILL 804.353 55 444.004 May 2014
Pembangunan gedung lab + sample room PSS/
Building lab sample room PSS 213.626 16 35.001 Apr 2014
Instalasi u/ gedung lab + sample room PSS/
Building installation + lab sample room PSS 201.563 20 39.927 Apr 2014
Pek.tambahan 2 Struktur& Arsitektur Green Office/
Additional 2 Structure & Architecture Green Office 32.157 47 15.181 Mar 2014
Pek. Pembuatan Sumur bor Green Office/
Preparation of drilling wells Green Office 14.379 30 4.383 Jan 2014
Pekerjaan untuk Green Office/ Jobs for Green Office 35.526 29 10.302 Apr 2014
Jumlah/Total 7.572.008 3.778.878

Nama Pekerjaan/ Nilai kontrak/ Persentase jumlah/ Estimasi penyelesaian/


The list of job Contract value % Total percentage Estimated completion
31 Des / Dec 2012 31 Des / Dec 2012

Pagar panel beton - PSS / concrete panel fence PSS 64.468 3 1.886 Feb-13
Pekerjaan tambah - WS 3 PSS / Additional work WS 3 PSS 49.591 85 42.152 Feb-13
Pembangunan kantor - PPEB Boyolali
Construction of office building PPEB Boyolali 28.911 80 23.129 Feb-13
Instalasi u/ office Panca 2B / Instalation office Panca 2B 26.892 30 8.067 Feb-13
Project office Panca 2 lt. 2 / Project office Panca2 2nd floor 10.726 95 10.190 Feb-13
Pekerjaan & instalasi - office Hollit /
Additional & Instalations - office Hollit 7.419 30 2.226 Feb-13
Pekerjaan & instalasi - office Hollit
Additional & Instalations - office Hollit 13.201 30 3.960 Feb-13
Konstruksi tanaman rambat office P2B
Construction of office vines P2B 3.347 50 1.674 Feb-13
Renovasi kamar mandi Office P2B / Bathroom P2B Renovation 738 100 738 Feb-13
Pek. Tambah ruang genzet + mezzanine - Tgr
Additional generator room + mezzanine - Tgr 15.200 95 14.440 Feb-13
Pekerjaan pemb. Pabrik PSS - WS3B Boyolali
Factory building construction PSS - WS3B Boyolali 873.661 90 787.485 Mar-13
Pembuatan pagar WS-Panca Boyolali
Border construction WS - Panca Boyolali 58.883 85 50.050 Mar-13
Pekerjaan Green Office / Additional green office 862.876 75 647.157 Apr-13
Pekerjaan toilet+mushola+gedung-WS Panca BYLL
Additional toilet, mosque + building WS - Panca Boyolali 96.206 85 81.775 Jan-13
Kantin-Panca BYLL / Cafetaria - Panca BYLL 471.309 70 329.916 Apr-13
Pek. Kawat nyamuk + cover channel WS 3
Additional mosquito wire chanel and cover WS 3 18.476 85 15.704 Feb-13
Pek. Partisi alumunium & instalasi listrik BYLL
Additional Alumunium partition cons & electrical ins 13.059 30 3.918 Feb-13
Pek. Tambah Raam kawat BYLL / Add Raam Wire BYLL 36.526 30 10.958 Feb-13
Pek. WS PB & WS 3 / Work for WS PB & WS 3 33.699 30 10.110 Feb-13
Pek. GD Bordir, Mezanine, Toilet & Mushola_Boyolali
Additional build. embroidery, mezanine, toilet &
mosque Boyolali 154.476 86 133.411 Mar-13
Pek. Gedung printing dan bank water_ Boyolali
Additional build. printing, and bank water 290.927 73 211.583 Jan-12
Jumlah dipindahkan/ Total carried forward 3.130.588 2.390.528

44
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

11. Aset tetap - lanjutan 11. Fixed assets - continued

Nama Pekerjaan/ Nilai kontrak/ Persentase jumlah/ Estimasi penyelesaian/


The list of job Contract value % Total percentage Estimated completion
31 Des / Dec 2012 31 Des / Dec 2012

Jumlah pindahan/ Total brought forward 3.130.588 2.390.528


Pek. Warehouse_ Boyolali / Warehouse job Boyolali 438.319 86 396.696 Mar-13
Powerlift era baru_Boyolali / Powerlift new era Boyolali 6.323 96 6.097 Jan-13
Pek. pembuatan jalur kabel CCTV, FO_ Boyolali /
CCTV cable lines construction, FO Boyolali 8.363 9 760 Jan-13
Pek. Kusen, Alumunium, Kaca, Sun_Boyolali /
Frame work, alumunium, Glass, Sun Construction Boyolali 15.464 24 3.650 Jan-13
Pek. Kusen, Alumunium, Kaca, Sun_Boyolali /
Frame work, alumunium, Glass, Sun Construction Boyolali 13.547 27 3.650 Jan-13
Pengadaan dan pemasangan PABX Panasonic TDA 100D_Sragen/
Procurement and instalation of PABX Panasonic TDA
100D_Sragen 5.917 30 1.775 Jan-12
Pek. renovasi ruang makan kantor induk_Sragen/
Renovations the dinning room holding office job _Sragen 5.056 30 1.517 Jan-13
Pek. Renovasi Show Room_Sragen/
Renovation of the Show Room Sragen 4.269 30 1.281 Jan-13
Pek. Renovasi Ruang HRD_Sragen/
Renovations of the HRD's Room Sragen 4.473 30 1.342 Jan-13
Pemasangan exhaust Fan maupun Filter Pad_Sragen/
Instalations of Exhaust Fan and Filter Fan Pad Sragen 113.247 46 51.694 Mar-13
Jumlah/Total 3.745.564 2.858.989

Nama Pekerjaan/ Nilai kontrak/ Persentase jumlah/ Estimasi penyelesaian/


The list of job Contract value % Total percentage Estimated completion
31 Des / Dec 2011 31 Des / Dec 2011

Pengadaan meja dan kursi sewing /Procurement of


sewing tables and chairs 67.856 3% 2.190 Jan 2012
Pemasangan instalasi steam /Installation of steam 16.981 50% 8.491 Jan 2012
Pekerjaan : perbaikan jalan (hotmix) /Occupation :
repairs roads/hotmix 61.133 18% 11.115 Jan 2012
Pekerjaan : toilet wanita/mushola/renovasi warehouse /
parkir/renovasi bangunan pagar depan dan satpam/
Occupation :ladies toilet/mosque/renovation warehouse
parking/renovation buildings the front fence and guard 137.550 73% 100.036 Jan 2012
Pekerjaan : bangunan bea cukai dan bangunan kantin/
Occupation :custom building and canteen building 83.549 86% 72.156 Feb 2012
Pekerjaan : lantai parkir motor, off/Occupation :
motorcycle parking floors 105.738 59% 62.481 Feb 2012
Pengadaan meja dan kursi sewing , helper , QC, cutting /
Procurement sewing table and chairs, helper, QC, cutting 34.163 35% 11.930 Jan 2012
Pengadaan meja dan rak finishing , QC, packing /
Procurement of desks and shelves finishing, QC, packing 4.087 30% 1.226 Jan 2012
Pengadaan dan pemasangan PABX Panasonic TDA 100D/
Procurement and installation of PABX Panasonic TDA 100D 5.700 30% 1.710 Jan 2012
Pemasangan instalasi pipa boiler Pan 8 Sragen/
Installation of boiler tube Pan 8 Sragen 18.114 50% 9.057 Jan 2012
2
Pekerjaan : parkir tamu (16 x 24) m /
Occupation :guest parking (16 x 24) m2 36.567 86% 31.580 Jan 2012
Pemasangan instalasi listrik/Installation of electricity 305.666 73% 222.302 Feb 2012
Pekerjaan : renovasi kolam air mancur/Occupation
renovation of the pool water fountain 1.803 25% 451 Jan 2012
Pekerjaan : lining talang fiberglass gudang kain/
fiberglass gutter lining fabric warehouse / 2.787 40% 1.115 Jan 2012
Pembangunan pabrik/Construction of the plant 723.172 63% 452.252 Mar 2012
Pembangunan pabrik/Construction of the plant 251.054 75% 188.290 Feb 2012
Jumlah dipindahkan/ Total carried forward 1.855.918 1.176.383

45
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

11. Aset tetap - lanjutan 11. Fixed assets - continued

Nama Pekerjaan/ Nilai kontrak/ Persentase jumlah/ Estimasi penyelesaian/


The list of job Contract value % Total percentage Estimated completion
31 Des / Dec 2011 31 Des / Dec 2011

Jumlah pindahan/ Total brought forward 1.855.918 1.176.383


Pembangunan pabrik/Construction of the plant 228.918 77% 175.643 Feb 2012
Pekerjaan tambah WS 1 & 2/Additional of WS 1 & 2 29.396 77% 22.715 Jan 2012
Pekerjaan penerangan GD WS 1 & 2/
Lighting jobs GD WS 1 & 2 54.632 42% 23.100 Jan 2012
Pekerjaan instalasi listrik/Installation of electricity 73.790 50% 36.895 Jan 2012
Pekerjaan tambah kurang WS 3/
Work adds approximately WS 3 126.589 60% 75.953 Feb 2012
Lampu jalan 145 watt/Street lamp 145 watt 30.023 30% 9.007 Jan 2012
Pemasangan paving merah/Instalation of red paving 11.321 50% 5.660 Feb 2012
Pekerjaan tambah - WS 2/Work adds WS 2 7.719 30% 2.316 Feb 2012
Penambahan lantai kantor/Additional mezanine floor office 79.247 30% 23.774 Feb 2012
Pekerjaan tambah - WS 3/Work adds WS 3 51.459 30% 15.438 Feb 2012
Kantor/Office 249.061 32% 80.281 Feb 2012

Jumlah/Total 2.798.073 1.647.165

Tidak terdapat hambatan dalam penyelesaian terkait aset tetap dalam There is no constraint in the completion of related fixed asset under
pembangunan. construction.
Aset dalam pembangunan per 31 Desember 2013, 2012 dan 1 Januari Assets under construction as of December 31, 2013, 2012 and January 1,
2012 masing-masing sebesar USD 3.778.878, USD 2.858.959, dan 2012 amounted to USD 3.778.878, USD 2.858.959, and USD 1.647.165
USD 1.647.165 merupakan pekerjaan atas pembangunan pabrik, partisi represents the work of the construction of the plant, aluminum partitions,
alumunium, penambahan ruang kantor dan sewing gate line . additional office space and sewing gate line.
Pada tahun 2013 serta pada tahun berakhir 2012 dan 1 Januari 2012, In 2013 and year ended 2012 and January 1, 2012 the Company and its
Perusahaan dan Entitas Anak membeli sejumlah mesin senilai USD subsidiary purchased a number of machines of USD 2.667.127, USD
2.667.127, USD 7.878.052 dan USD 9.142.180 yang digunakan untuk 7.878.052 and USD 9.142.180 which is used for rejuvenation, expansion
peremajaan, perluasan serta peningkatan produksi. and increase production.
Seluruh aset tetap kecuali tanah diasuransikan untuk risiko kebakaran, All fixed assets except land are covered with insurance against fire,
gempa bumi dan petir dan lainnya kepada PT. Chartis Insurance , PT. earthquake, lightning and other risks to PT. Chartis Insurance , PT.
Indrapura, PT. Asuransi Central Asia dan PT. Mitra, Iswara & Indrapura, PT. Asuransi Central Asia and PT. Mitra, Iswara &
Rorimpandey (MIR) selaku broker Asuransi dimana polis tersebut Rorimpandey (MIR) as the insurance broker which is covered by the
dicover oleh PT. Asuransi MSIG Indonesia, PT. Kurnia Insurance policy PT. Asuransi MSIG Indonesia, PT. Kurnia Insurance Indonesia,
Indonesia, PT. Asuransi Rama Satria Wibawa, PT. China Taiping PT. Asuransi Rama Satria Wibawa, PT. China Taiping Insurance
Insurance Indonesia, PT. Asuransi Indrapura dan PT. MAA General Indonesia, PT. Asuransi Indrapura dan PT. MAA General Insurance and
Insurance dan PT. Pan Pasific , IBS-ACA, Asuransi ABDA dan Garda PT. Pan Pasific , IBS-ACA, Asuransi ABDA and Garda Oto with total
Oto dengan jumlah pertanggungan sebesar USD 31.043.135 dan Rp coverage amounting to USD 31.043.135 dan Rp 84.347.250.000 as of
84.347.250.000 per 31 Desember 2013, 31 Desember 2012 sebesar December 31, 2013, December 31, 2012 USD 29.995.000 and Rp
USD 29.995.000 dan Rp 116.134.231.286, per 1 Januari 2012 sebesar 116.134.231.286, January 1, 2012 USD 20.235.817 and Rp
USD 20.235.817 dan Rp 66.615.073.036. 66.615.073.036 respectively.

Pada tahun 2013 manajemen berpendapat bahwa nilai pertanggungan In 2013 management believes that the sum insured is adequate to cover
tersebut cukup untuk menutupi kemungkinan kerugian atas asset tetap possible losses for the fixed assets insured. Fixed assets (land, building
yang dipertanggungkan. Aset tetap (tanah, bangunan dan mesin and machinery located of Tangerang) are pledged as collateral for the
berlokasi di Tangerang) dijaminkan untuk utang pada HSBC dan loans from HSBC and Citibank (notes 14).
Citibank (catatan 14).
Pada tanggal 31 Desember 2013 aset tetap (tanah, bangunan dan mesin) As of December 31, 2013 fixed assets (land, building and machinery) are
dijaminkan untuk utang sindikasi. (catatan 18) pledged as collateral for the loans syndication. (notes 18)
Berdasarkan hasil penelaahan atas aset tetap pada akhir tahun, Based on the review of fixed assets at the end of the year, the Company
Manajemen Perusahaan dan Entitas Anak berpendapat bahwa tidak and Subsidiaries management are of the opinion that there are no events
terdapat kejadian-kejadian atau perubahan-perubahan yang or changes in circumstances which may indicated impairment in value of
mengindikasikan penurunan nilai aset tetap pada tanggal 31 Desember fixed assets as of December 31, 2013, 2012 and Januari 1, 2012.
2013, 2012 dan 1 Januari 2012.
Nilai wajar aset tetap Perusahaan dan Entitas Anak pada tanggal 31 The fair value of the company and subsidiaries fixed assets as of
Desember 2013 sebesar Rp 600.673.800.000 berdasarkan penilaian di December 31, 2013 amounted to Rp 600.673.800.000 based on the
akhir tahun 2012 oleh KJPP Panangian Simanungkalit & Rekan, dalam appraiser at year end 2012 by KJPP Panangian Simanungkalit & Rekan,
rangka memperoleh fasilitas utang bank sindikasi (catatan 18). for the purpose of bank loan syndication facility (note 18). Management
Manajemen berkeyakinan bahwa tidak terdapat indikasi penurunan nilai believes that there is no indication potential impairment of fixed assets as
potensial atas nilai aset tetap pada tanggal 31 Desember 2013. of December 31, 2013.

46
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

12. Aset tidak berwujud 12. Intangible Assets

Des 2013/ Des 2012/ 1 Jan 2012/


Dec 2013 Dec 2012 Jan 1, 2012
Goodwill 2.769.093 2.769.093 2.769.093 Goodwill
Hak atas tanah 826.581 827.759 814.812 Landright
Akumulasi amortisasi (187.570) (187.285) (159.908) Accumulated amortised
639.011 640.474 654.904
Jumlah 3.408.104 3.409.568 3.423.997 Total

Goodwill Goodwill
Akun ini merupakan selisih lebih biaya perolehan 51% saham PT Hollit This account represents the excess of acquisition cost of 51% shares PT
International atas bagian nilai wajar aset neto entitas anak yang Hollit International over the interest in the fair value of the net assets of
diakuisisi pada tanggal 13 Mei 2011 dengan akta jual beli no. 69 tanggal subsidiaries which was acquired on May 13, 2011 with notarial deed no
13 Mei 2011 notaris Desman S.H., M. HUM., MM. .69 notary Desman S.H., M. HUM., MM.

Penilaian atas nilai wajar 51% ekuitas PT Hollit International dilakukan Assessment of the fair value of 51% equity PT Hollit International
oleh Kantor Jasa Penilai Publik Raymond Yoranouw dengan laporan conducted by Kantor Jasa Penilai Publik Raymond Yoranouw with
penilaian No RY/EE/10025/2010 tanggal 14 Desember 2010. Metode assessment report No. RY/EE/10025/2010 dated December 14, 2010. The
penilaian menggunakan pendekatan pendapatan (Income Approach) assessment of the equtiy using income approach with Discounted
dengan discounted economic income method atau Discounted Cash Economic Income or Discounted Cash Flow method (DCF) valuation
Flow (DCF) valuation method . method.

PT Hollit International memiliki jaringan yang kuat dalam bisnisnya PT Hollit International has a strong network in the business with some of
dengan beberapa merk apparel terkemuka di dunia, namun kontrak the world's leading apparel brands, but the contract is performed in short-
dagang yang dilakukan dalam jangka pendek. Sebagian besar aset dan term trading. Most of the assets and liabilities of PT Hollit International
liabilitas PT Hollit International adalah instrumen keuangan. Menurut is a financial instrument. According to the appraiser, price purchase
penilai, alokasi harga pembelian sulit untuk dilakukan termasuk allocation is significantly difficult, including in identifying into intangible
mengidentifikasikan ke dalam aset tidak berwujud. Sehingga nilai asset. Therefore, the fair value of the equity is the value of the book itself.
wajarnya adalah nilai buku itu sendiri. Nilai perolehan akuisisi PT Hollit Acqusition cost of PT Hollit International amounted to USD 2.600.000
International sebesar USD 2.600.000 dan nilai aset wajar sebesar (USD and the fair value of assets amounted to (USD 169.093) respectively.
169.093)

Saldo goodwill per tanggal 31 Desember 2013, 2012 dan 1 Januari 2012 Balance as of December 31, 2013, 2012 and January 1, 2012 amounted
masing-masing sebesar USD 2.769.093. to USD 2.769.093.

Manajemen Perusahaan berkeyakinan bahwa tidak ada indikasi The Companys Management believe that there is no event or change in
penurunan nilai goodwill. circumstances that may indicate any impairment in value of goodwill.

Hak atas tanah Landrights


Hak atas tanah sebesar USD 826.581 per 31 Desember 2013 dan sebesar Landrights amounting to USD 826.581 as of December 31, 2013 and
USD 827.759 per 31 Desember 2012, sebesar USD 814.812 per 1 USD 827.759 as of December 31, 2012 and USD 814.812 as of January
Januari 2012 merupakan beban legal atas perpanjangan Hak Guna 1, 2012 respectively, is the extension legal expense of rights to buildings
Bangunan dengan jangka waktu 30 tahun yang dimiliki Perusahaan dan with a period of 30 years, owned the company and PT Pancaprima
PT Pancaprima Ekabrothers (Entitas Anak). Ekabrothers (subsidiary).
Manajemen berpendapat bahwa tidak terdapat masalah dengan Management is of the opinion that there are no problems with the
perpanjangan hak atas tanah karena seluruh tanah diperoleh secara sah extensions of landrights as the land acquisitions are valid and properly
dan didukung oleh bukti pemilikan yang memadai. supported with appropriate tittle documents.

Beban amortisasi untuk periode yang berakhir pada tanggal-tanggal 31 Amortization expense for the years ended December 31, 2013, 2012 and
Desember 2013, 2012 dan 1 Januari 2012 masing-masing sebesar USD January 1, 2012 amounted to USD 111.308, USD 154.836 and USD
111.308, USD 154.836 dan USD 241.735 dengan rincian sebagai 241.735 respectively as follows:
berikut :

Des 2013 Des 2012 1 Jan 2012


- Beban pabrikasi/Fabrication expenses USD 105.153 USD 148.019 USD 241.560
- Beban umun dan administrasi/
General and administrative expense USD 6.155 USD 6.817 USD 175

47
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

13. Aset lain-lain 13. Other assets

Saldo aset lain-lain per 31 Desember 2013, 2012 dan 1 Januari 2012 Other assets as of December 31, 2013, 2012 and January 1, 2012 consist
terdiri dari : of :

Des 2013/ Des 2012/ 1 Jan 2012/


Dec 2013 Dec 2012 Jan 1, 2012
Beban renovasi 494.519 1.752.703 1.582.009 Renovation expense
Lainnya 76.318 - 167.181 Other
570.837 1.752.703 1.749.190
Dikurangi akumulasi amortisasi (275.433) (1.312.563) (1.218.354) less accumulated amortization
Jumlah 295.404 440.140 530.836 Total

Beban renovasi Renovation expense


Beban renovasi merupakan beban renovasi pabrik PAN VIII dan IX Load renovation is a renovation expense PAN factory VIII and IX
yang beroperasi di Jawa Tengah. operating in Central Java.

14. Pinjaman jangka pendek 14. Short term loans

Pinjaman jangka pendek terdiri dari : Short term loans consist of :

Des 2013/ Des 2012/ 1 Jan 2012/


Dec 2013 Dec 2012 Jan 1, 2012

HSBC - 16.867.910 21.607.091 HSBC


Bank UOB Indonesia - 10.486.256 3.169.562 Bank UOB Indonesia
Bangkok Bank - 10.809.000 9.229.000 Bangkok Bank
Bank Commonwealth - 4.567.944 3.332.358 Bank Commonwealth
Citibank - 6.182.252 7.193.846 Citibank
ANZ Indonesia - 4.030.386 4.660.304 ANZ Indonesia
Bank of Tokyo - Mitsubishi UFJ - 4.998.078 - Bank of Tokyo - Mitsubishi UFJ
Bank Mizuho - 365.166 1.939.135 Bank Mizuho
Hana Bank - 737.770 - Hana Bank
Permata Bank - 4.584.352 - Permata Bank
Bank Artha Graha - 995.018 - Bank Artha Graha
Standard Chartered Bank - 2.880.300 1.068.015 Standard Chartered Bank
Bank DBS Indonesia - 23.561 319.085 Bank DBS Indonesia
Bank Internasional Indonesia Tbk - 1.748.246 680.675 Bank Internasional Indonesia Tbk
Bank Ekonomi - 293.990 - Bank Ekonomi
Jumlah - 69.570.228 53.199.071 Total

Tingkat bunga pinjaman fasilitas bank berkisar 4% - 5,5% per tahun. The loan interest rate bank facilities around 4% - 5,5% p.a.

Pinjaman bank - HSBC Bank loans - HSBC

Perusahaan The Company


Berdasarkan surat perjanjian kredit No.JAK/080049 /U/080128 tanggal Based on the Loan Agreement No. JAK/080049 /U/080128 dated January
30 Januari 2008, yang telah mengalami perubahan/ perpanjangan, 30, 2008, the credit agreement has been amended for several times with
dengan perjanjian No. JAK/100896/U/101021 tanggal 1 November amendment No. JAK/100896/U/101021 dated November 1, 2010 which
2010 yang memperpanjang periode kredit sampai dengan 30 April 2011, extended the credit period until April 30, 2011, and most recently with
terakhir dengan perjanjian No. JAK/110453/U/110524 tanggal 20 Juli amendment No. JAK/110453/U/110524 dated 20 July 2012 which
2011 yang memperpanjang periode kredit sampai dengan 30 April 2012 extended the credit period until April 30, 2012 and based on the credit
dan berdasarkan surat perjanjian no. JAK/120388/U/120409 atas agreement No. JAK/120388/U/120409 which extended the credit period
fasilitas tersebut diperpanjang lagi sampai dengan tanggal 30 April until 30 April 2013, the Company obtained credit facilities such as :
2013, Perusahaan memperoleh fasilitas kredit berupa :

- Limit gabungan I sebesar USD 10.000.000 terdiri dari fasilitas kredit - Combined limit I amounting to USD 10.000.000 consisting of
berdokumen/ surat kredit berdokumentasi dalam negeri, pinjaman documentary credit facility/local documentary credit, clean import
impor, kredit ekspor, dokumen terhadap akseptasi secara teknis, loan (CIL), export packing credit, document against acceptance, loan
pinjaman atas ekspor. Negative Pledge atas semua barang against export with negative pledge collateral for all inventories and
persediaan dan piutang (tidak boleh dijaminkan kepada pihak lain). receivables (which must not be pledged to other parties).

48
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

14. Pinjaman jangka pendek - lanjutan 14. Short term loans - continued

Pinjaman bank - HSBC Bank loans - HSBC


Perusahaan The Company
- Limit gabungan II per 30 April 2012 sebesar USD 611.213,13 - Combined limit II as of April 30, 2011 amounting to USD 611.213,13
berupa pinjaman cicilan tetap 1 dengan syarat dan ketentuan yang consisting of fixed payment loan 1 with terms and conditions based on
berlaku berdasarkan dibawah tangan Perjanjian Pemberian the Deed of Loan Agreement dated May 14, 2012, No.
Pinjaman tanggal 14 Mei 2012 No. JAK/120388/U/120409. JAK/120388/U/120409.

Jaminan atas fasilitas ini berupa : The collateral assigned for this facility are as follows :
- Hak tanggungan atas tanah dan bangunan yaitu Pabrik PAN I, - Mortgage over land and building of factories PAN I, PAN II, PAN III
PAN II, PAN III, berlokasi di Tangerang senilai USD 5.500.000 located in Tangerang valued at USD 5.500.000 or equivalent to Rp
atau setara dengan Rp 51.800.000.000. 51.800.000.000.

- Jaminan kepemilikan transfer fidusia atas mesin yang berlokasi - Fiduciary Transfer of Ownership over existing machinery located in
di PAN I, PAN II, PAN III di Tangerang senilai USD 2.500.000 PAN I, PAN II, PAN III in Tangerang valued at USD 2.500.000 or
atau setara dengan Rp 24.000.000.000 (Akta Jaminan Fidusia equivalent to Rp 24.000.000.000 (Fiduciary Guarantee Deed No. 69
No. 69 tanggal 17 Oktober 2008). dated October 17, 2008).

- Pinjaman cicilan tetap 2 sebesar USD 525.000 dengan syarat dan - Fixed payment loan 2 amounting to USD 525.000 with terms and
ketentuan berdasarkan Akta Perjanjian Pemberian Pinjaman No.12 conditions based on the Deed of Loan Agreement No.12 dated
tanggal 15 Februari 2008 oleh notaris Amrul Partomuan Pohan, S.H, February 15, 2008 of Amrul Partomuan Pohan, S.H, and its
berikut perubahannya tanggal 28 September 2011 No. amendment dated September 28, 2011 No. JAK/110453/U/110524.
JAK/110453/U/110524. Fasilitas ini untuk pembelian aset tanah, The purpose of this facility were for purchase land, building,
bangunan, inventaris dan mesin konveksi senilai USD 1.500.000. equipments and machinary amounted USD 1.500.000. The final
Angsuran terakhir di bulan April 2013. Jaminan atas fasilitas ini installment in April 2013. The collaterals assigned for this facility are
berupa: as follows:
- Hak tanggungan atas tanah dan bangunan yaitu pabrik yang - Mortgage over land and factory building located in Sukabumi
berlokasi di Sukabumi senilai USD 1.900.000. valued at USD 1.900.000.
- Jaminan kepemilikan transfer fidusia atas mesin yang berlokasi - Fiduciary Transfer Ownership over existing machineries located in
di Sukabumi senilai USD 50.000. Sukabumi valued at USD 50.000.
- Fasilitas treasury berupa Paparan terhadap Risiko (tertimbang) atau - Treasury facility for Exposure to Risk (weighted) or Foreign Exchange
Opsi Pertukaran Valas dengan limit sebesar USD 1.000.000 untuk Option with limit of USD 1.000.000 to facilitate the requirement for
memfasilitasi kebutuhan atas transaksi lindung nilai terhadap hedging on foreign currency exposures through spot, option, and/ or
paparan nilai tukar murni melalui transaksi spot , option , dan/ atau forward transaction with maximum period of 1 year.
forward dan jatuh tempo maksimum selama 1 tahun.

Berdasarkan surat perjanjian kredit No. JAK/130187/U/130212 Based on The Facility Agreement No. JAK/130187/U/130212 dated
tanggal 3 April 2013, surat perjanjian ini menggantikan surat April 3, 2013 this agreement is replacing the previous Facility
perjanjian kredit sebelumnya. Limit Fasilitas sebesar USD Agreement. The Limit of this Facility is USD 20.000.000.
20.000.000.
Fasilitas ini merupakan fasilitas co borrower dengan PT Pancaprima This Facility can be used co borrower with PT Pancaprima Ekabrothers,
Ekabrothers, Hollit International, Ocean Asia Industry. Hollit International, Ocean Asia Industry.
Fasilitas menurut surat perjanjian kredit ini adalah : The Facility Consist of :
- Fasilitas Kredit Berdokumen - Documentary Credit Facility
- Fasilitas Kredit Berdokumen dengan pembayaran tertentu - Deferred Payment Credit Facility
- Fasilitas Kredit Berdokumen Siaga - Standby Documentary Credit Facility
Tidak ada jaminan atas Fixed Asset dalam perjanjian kredit ini. No fixed asset collateral for this Agreement.
Perjanjian ini akan di reviu tanggal 30 April 2013 This agreement will be reviewed on April 30, 2013
Saldo per tanggal 31 Desember 2013, 2012 dan 1 Januari 2012 masing- Balance as of December 31, 2013, 2012 and January 1, 2012 amounting
masing sebesar USD Nihil, USD 6.456.206 dan USD 7.582.971. to USD Nil and USD 6.456.206 and USD 7.582.971 respectively.

49
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

14. Pinjaman jangka pendek - lanjutan 14. Short term loans - continued

Pinjaman bank - HSBC Bank loans - HSBC


PT Pancaprima Ekabrothers (Entitas Anak) PT Pancaprima Ekabrothers (Subsidiary)
Berdasarkan akta notaris Suzana Zakaria, S.H, No. 30 pada tanggal 12 Based on notarial deed of Suzana Zakaria, S.H, No. 30 dated October
Oktober 1992, PT Pancaprima Ekabrothers menerima fasilitas kredit 12, 1992, PT Pancaprima Ekabrothers obtained credit facilities from
dari Hongkong and Shanghai Banking Corporation Ltd Jakarta (HSBC) Hongkong and Shanghai Banking Corporation Ltd Jakarta (HSBC) in
berupa kredit ekspor, kredit tangguhan pembayaran, surat pembukaan form of export credit, deferred payment credit, open of documentary sight
surat hutang berdokumentasi (sight) , pembiayaan pemasok dan hutang letters, supplier financing and import line.
impor.

Perjanjian kredit telah beberapa kali mengalami The credit agreement had been amended for several times, amendment
perubahan/perpanjangan, terakhir dengan perjanjian kredit No. No. JAK/100413/U/100514 dated June 2, 2010 with maximum combined
JAK/100413/U/100514 tanggal 2 Juni 2010 dengan pagu gabungan credit amounting to USD 13.500.000 and most recently by amendment
sebesar USD 13.500.000 dan diperpanjang terakhir dengan perjanjian No. JAK/120375/U/120409 dated May 11, 2012 with maximum
kredit No.JAK/120375/U/120409, tanggal 11 Mei 2012, dengan pagu combined credit amounting to USD 18.000.000. This facility will be
gabungan USD 18.000.000. Fasilitas ini berakhir pada tanggal 30 April ended at April 30, 2013. The collaterals assigned for this credit facility
2013. Jaminan atas fasilitas kredit ini antara lain: are as follows:

- Tanah dengan Sertifikat Hipotik Pertama No. 235 senilai USD - Land with First Mortgage Certificate No. 235 valued at USD 2.500.000
2.500.000 (HGB No. 2788/Gembor) tanggal 4 Nopember 1993 (lihat (HGB No. 2788/Gembor) dated November 4, 1993 (see notes 11).
catatan 11).
- Mesin dan peralatan senilai Rp 25.000.000.000 yang berada di Jl. - Machineries and equipment valued at Rp 25.000.000.000 located in Jl.
Siliwangi No. 178, Desa Gembor, Kecamatan Jatiuwung, Tangerang Siliwangi No. 178, Desa Gembor, Kecamatan Jatiuwung, Tangerang,
berdasarkan Akta Jaminan Fidusia No. 29 tanggal 19 Februari 2005 based on Fiducia Collateral Deed No. 29 dated Februari 19, 2005
(lihat catatan 11). (see notes 11).
Berdasarkan surat perjanjian kredit No : JAK/130187/U/130212 tanggal Based on The Facility Agreement No : JAK/130187/U/130212 dated
3 April 2013, surat perjanjian ini menggantikan surat perjanjian kredit April 3, 2013 this agreement is replacing the previous Facility
sebelumnya. Limit Fasilitas sebesar USD 20.000.000. Agreement. The Limit of this Facility is USD 20.000.000.

Fasilitas ini merupakan fasilitas co borrower dengan PT Pan Brothers This Facility is co borrower with PT Pan Brothers Tbk
Tbk
Fasilitas menurut surat perjanjian kredit ini adalah : The Facility of credit agreement consist of :
- Fasilitas Kredit Berdokumen - Documentary Credit Facility
- Fasilitas Kredit Berdokumen dengan pembayaran tertentu - Deferred Payment Credit Facility
- Fasilitas Kredit Berdokumen Siaga - Standby Documentary Credit Facility
Tidak ada jaminan atas Fixed Asset dalam perjanjian kredit ini. No fixed asset collateral for this Agreement.
Perjanjian ini akan di reviu tanggal 30 April 2013 This agreement will be reviewed on April 30, 2013
Saldo per tanggal 31 Desember 2013, 2012 dan 1 Januari 2012 masing- Balance as of December 31, 2013, 2012 and January 1, 2012 amounted
masing sebesar USD Nihil, USD 10.411.704 dan USD 14.024.121. to USD Nil, USD 10.411.704 and USD 14.024.121 respectively.

Pinjaman bank - Citibank Bank loans - Citibank

PT Pancaprima Ekabrothers (Entitas Anak) PT Pancaprima Ekabrothers (Subsidiary)


Berdasarkan perubahan perjanjian Export Credit Financing Agreement Based on Amendment of Export Credit Financing Agreement, Revolving
dan Revolving Credit Agreement (Pre-Shipment Financing) , tanggal 30 Credit Agreement (Pre Shipment Financing) dated November 30, 2009,
November 2009 PT Pancaprima Ekabrothers memperoleh fasilitas PT Pancaprima Ekabrothers obtained total combined facility amounting
gabungan sebesar USD 7.500.000 yang berlaku sampai dengan 30 to USD 7.500.000 which is valid until November 30, 2010. Extension of
November 2010. Perpanjangan masa berlaku Perjanjian tersebut secara the agreement applies automatically annually (November 30, 2012 up to
otomatis setiap tahunnya (30 November 2012 sampai dengan 30 November 30, 2013).
November 2013).
Saldo per tanggal 31 Desember 2013, 2012 dan 1 January 2012 masing- Balance as of December 31, 2013,2012 and January 1, 2012 of USD Nil,
masing sebesar USD Nihil, USD 6.182.252 dan USD 7.193.846. USD 6.182.252 and USD 7.193.846 respectively.

50
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

14. Pinjaman jangka pendek - lanjutan 14. Short term loans - continued

Pinjaman bank - Bangkok Bank Jakarta Bank loans - Bangkok Bank Jakarta
Perusahaan The Company
Berdasarkan surat perjanjian kredit No. 13/VI/10 tanggal 8 Juni 2010 Based on the loan agreement No.13/VI/10 dated June 8, 2010 most
yang telah dirubah terakhir kali dengan perjanjian kredit No. 54/V/2012 recently amended by amendment No. 54/V/2012 dated June 13, 2012 the
tanggal 13 Juni 2012, Perusahaan memperoleh fasilitas kredit selama Company obtained credit facility for 1 year in form of:
satu tahun berupa.

Limit gabungan sebesar USD 7.000.000 berupa : Combined limit amounting to USD 7.000.000, as follows:
- Packing loan dan Sight Letter of Credit sebesar USD 5.000.000 dan - Packing loan and Sight Letter of Credit amounting to USD 5.000.000
Bills receivable under Letter of Credit (the BRL) sebesar USD and Bills Receivable under Letter of Credit (the BRL) amounting to
2.000.000. USD 2.000.000.

Jangka waktu perjanjian kredit tanggal 31 Maret 2013 sampai dengan Time period of credit agreement valid until March 31, 2013 to March
31 Maret 2014. 31, 2014.

Saldo per tanggal 31 Desember 2013, 2012 dan 1 Januari 2012 masing- Balance as of December 31, 2013, 2012 and January 1, 2012 amounting
masing sebesar USD Nihil, USD 6.992.000 dan USD 5.931.000. to USD Nil, USD 6.992.000 and USD 5.931.000 respectively.

PT Pancaprima Ekabrothers (Entitas Anak) PT Pancaprima Ekabrothers (Subsidiary)


Berdasarkan surat perpanjangan kredit No. 02/IV/06 dari Bangkok Based on letter of credit addendum No. 02/IV/06 from Bangkok Bank,
Bank, Jakarta pada tanggal 20 April 2006, Perusahaan memperoleh Jakarta on April 20, 2006, the Company obtained credit facilities
fasilitas kredit yang terdiri dari fasilitas lini L/C gabungan, fasilitas comprising of combined L/C lines facility, bills receivable under L/C
tagihan piutang dengan jaminan L/C dan fasilitas transaksi mata uang facility and foreign exchange transaction facility.
Berdasarkan surat perpanjangan No.14/IV/2010 dari Bank Bangkok Based on letter No.14/IV/2010 dated June 8, 2010 from Bangkok Bank,
Jakarta pada tanggal 8 Juni 2010, fasilitas ini akan jatuh tempo 31 Maret Jakarta, this facility will expire March 31, 2011. PT Pancaprima
2011. PT Pancaprima Ekabrothers mendapat fasilitas kredit (revolving Ekabrothers accepted credit facility (revolving loan) with maximum credit
loan) dengan batas maksimum berupa fasilitas lini L/C gabungan limit as follows: combined L/C lines facility in the aggregate amount of
sebesar USD 3.000.000, fasilitas tagihan piutang dengan jaminan L/C USD 3.000.000, bills receivable under L/C facility in the amount of USD
sebesar USD 1.500.000 dan yang berlaku efektif pada tanggal 31 Maret 1.500.000 with effective date on March 31, 2010.
2010.
Perjanjian terbaru berdasarkan surat perpanjangan No. 55/V/2012 dari The latest amendment No. 55/V/2012 dated March 31, 2012 from
Bank Bangkok Jakarta pada tanggal 31 Maret 2012, dan akan jatuh Bangkok Bank, Jakarta and the maturity date for this agreement is
tempo 31 Maret 2013. Perusahaan mendapat fasilitas kredit (revolving March 31, 2013. The Company accepted credit facility (revolving loan)
loan) dengan batas maksimum sebagai berikut : fasilitas lini L/C with maximum credit limit as follows : combined L/C lines facility in the
gabungan sebesar USD 4.500.000 termasuk tagihan piutang dengan aggregate amount of USD 4.500.000 with sub limit of to set up bills
jaminan L/C sebesar USD 1.500.000. receivable under L/C facility in the amount of USD 1.500.000.

Saldo per tanggal 31 Desember 2013, 2012 dan 1 Januari 2012 masing- Balance as of December 31, 2013, 2012 and January 1, 2012 amounted
masing sebesar USD Nihil, USD 3.817.000 dan USD 3.298.000. to USD Nil, USD 3.817.000 and USD 3.298.000 respectively.

Pinjaman bank - Bank Internasional Indonesia Bank loans - Bank Internasional Indonesia

Perusahaan the Company


Berdasarkan perjanjian kredit terakhir No. 0062-0064/PrbPK/ Based on recent loan agreement No. 0062-0064/PrbPK/
SCBCJuanda/2010 tanggal 11 Agustus 2010 dengan periode waktu SCBCJuanda/2010 dated August 11, 2010 with a time period up to June
sampai dengan 12 Juni 2011, dan telah beberapa kali diperpanjang, 12, 2011 and has been extended until June 12, 2012 by agreement letter
terakhir dengan surat perjanjian No. 0169A/PpjPK/CDU/2012 tanggal 9 no. 0169A/PpjPK/CDU/2012 October 9,2012 until June 12, 2013. The
Oktober 2012 sampai 12 Juni 2013. Perusahaan memperoleh fasilitas Company obtained loan facility in the form:
pinjaman sebagai berikut:

- LC/SKBDN Line sebesar USD 5.000.000. - LC/SKBDN (local letter of credit) Line of USD 5.000.000.
- Negotiation line sebesar USD 4.000.000. - Negotiation line of USD 4.000.000.
- FX Line (TOM, SPOT, Forward, Option dan Derivative) sebesar - FX Line (TOM, SPOT, Forward, Option and Derivative) of USD
USD 1.000.000. 1.000.000.
- Overdraft USD 250.000 - Overdraft to USD 250.000
Berdasarkan Perpanjangan Perjanjian Kredit No: Based on the Extension of Credit Agreement No: 1013/PpjPK/CDU/2013,
1013/PpjPK/CDU/2013, Tanggal 12 Juni 2013, Perusahaan memperoleh date of June 12, 2013, the Company has obtained the LC facility line of
fasilitas LC line sebesar USD 15.000.000. USD 15.000.000.

51
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

14. Pinjaman jangka pendek - lanjutan 14. Short term loans - continued

Pinjaman bank - Bank Internasional Indonesia Bank loans - Bank Internasional Indonesia
Perusahaan the Company
Fasilitas ini menggantikan bentuk fasilitas sebelumnya. Fasilitas ini This facility replaced the previous facility. This facility will expire June
akan berakhir tanggal 12 Juni 2014. 12, 2014.
Saldo per tanggal 31 Desember 2013, 2012 dan 1 Januari 2012 masing- Balance as of December 31, 2013, 2012 and January 1, 2012 amounting
masing sebesar USD Nihil, USD 1.748.246 dan USD 476.927. to USD Nil, USD 1.748.246 and USD 476.927 respectively.

PT Pancaprima Ekabrothers (Entitas Anak) PT Pancaprima Ekabrothers (Subsidiary)


Berdasarkan perjanjian kredit No. 0062/PrbPK/SCBCJuanda/2010 Based on the credit agreement No. 0062/PrbPK/SCBCJuanda/2010 dated
tanggal 11 Agustus 2010 dimana Bank International Indonesia August 11, 2010, whereby Bank International Indonesia provides Letter
memberikan fasilitas Letter of Credit (L/C Line) dan Surat Berdokumen of Credit (L/C Line) facility and the local L/C (SKBDN) in the form of
Dalam Negeri (SKBDN), L/C atas Unjuk dan L/C Berjangka (Sight dan Sight and Usance L/C, negotiation line and forward transaction facilities
Usance) serta, fasilitas negosiasi ekpor dokumen serta fasilitas transaksi with credit limit of USD 3.000.000, USD 2.500.000 and USD 1.000.000
forward jual beli masing masing dengan limit sebesar USD 3.000.000, respectively.
USD 2.500.000 dan USD 1.000.000.
Perjanjian kredit telah beberapa kali mengalami perubahan, terakhir Credit agreement has been amended several times, last in the Credit
berdasarkan Akta Perubahan Perjanjian Kredit nomor Agreement Amendement no. 0404/PrbPK/CDU/2012 dated October 9,
0404/PrbPK/CDU/2012 tanggal 9 Oktober 2012. Perjanjian ini berlaku 2012. This facility has been started on June 12, 2012 until June 12, 2013.
sejak 12 Juni 2012 sampai dengan 12 Juni 2013.
Fasilitas yang diterima berupa : Facility received in the form:
a. Fasilitas L/C dan /atau SKBDN dengan limit kredit sebesar USD a. Facility L/C and /or SKBDN with a credit limit of USD 5.000.000 with
5.000.000 dengan sub limit : sub limit :
- Fasilitas T/R dengan limit maksimum sebesar USD 3.500.000. - T/R facility with maximum limit of USD 3.500.000.
- Fasilitas PBB Import dengan limit maksimum sebesar USD - Import PBB facility with a maximum limit of USD 1.500.000.
1.500.000.
b. Fasilitas PPB Ekspor dengan limit sebesar USD 2.500.000 dengan b. PPB Export facility with a limit of USD 2.500.000.
sub limit :
- Fasilitas negosiasi / diskonto dengan limit maksimum sebesar USD - Negotiation / discount facility with limit of USD 2.500.000.
2.500.000.
c. Fasilitas pinjaman rekening koran dengan limit sebesar USD c. Overdraft loan facility with a limit of USD 250.000.
250.000.
Berdasarkan Perpanjangan Perjanjian Kredit No: Based on the Extension of Credit Agreement No: 1013/PpjPK/CDU/2013,
1013/PpjPK/CDU/2013, tanggal 12 Juni 2013, Perusahaan memperoleh date of June 12, 2013, the Company has obtained the LC facility line of
fasilitas LC line sebesar USD 15.000.000 . USD 15.000.000.
Fasilitas ini menggantikan bentuk fasilitas sebelumnya. Fasilitas ini This facility replaced the previous facility. This facility will expire June
akan berakhir tanggal 12 Juni 2014. 12, 2014.
Saldo per tanggal 31 Desember 2013, 2012, 1 Januari 2012 masing- Balance as of December 31, 2013, 2012 and January 1, 2012 amounting
masing sebesar USD Nihil, USD Nihil dan USD 203.748. to USD Nil, USD Nil and USD 203.748 respectively.

Pinjaman bank - Bank Mizuho Indonesia Bank loans - Bank Mizuho Indonesia
Perusahaan The Company
Berdasarkan surat perjanjian kredit No. 1016/BBA/ MZH/1207 tanggal Based on the letter of credit agreement No. 1016/BBA/MZH/1207 dated
27 Desember 2007, dan perpanjangan melalui surat perjanjian kredit No. December 27, 2007, and the extension by letter of credit agreement No.
790/AMD/MZH/1210 tanggal 23 Desember 2010, dan yang terakhir 790/AMD/MZH/1210 dated December 23, 2010, and by last letter no.
melalui surat no. 1098, 1099, 1100, 1101/AMD/MZH/1211 tanggal 23 1098, 1099, 1100, 1101/AMD/MZH/1211 dated December 23, 2012. The
Desember 2012. Perusahaan memperoleh fasilitas kredit dari Bank Company obtained a credit facility from Mizuho Bank in the form:
Mizuho berupa:
- Fasilitas impor berupa sight and usance L/C facility dengan pagu - Import facility represents sight and usance L/C facility with credit limit
sebesar USD 1.500.000. of USD 1.500.000.
- Fasilitas ekspor berupa bills bought facility sebesar USD 500.000. - Export facility in form of bills bought facility of USD 500.000.
- Fasilitas valuta asing - Foreign exchange facility
Periode fasilitas adalah 23 Desember 2012 sampai dengan 23 Desember The facility period is from December 23, 2012 to December 23, 2013.
2013.
Saldo per tanggal 31 Desember 2013, 2012 dan 1 Januari 2012 masing- Balance as of December 31, 2013, 2012 and January 1, 2012 amounting
masing sebesar USD Nihil, USD 365.166 dan USD 591.872. to USD Nil, USD 365.166 and USD 591.872 respectively.

52
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

14. Pinjaman jangka pendek - lanjutan 14. Short term loans - continued

Pinjaman bank - Standard Chartered Bank Jakarta Bank loans - Standard Chartered Bank Jakarta
Perusahaan The Company
Berdasarkan perjanjian No. JKT/BCC/2947 tanggal 31 Maret 2010 dan Based on the latest agreement No. JKT/BCC/2947 dated March 31, 2010,
diperpanjang dengan perjanjian kredit No. JKT/BCC/3243 tanggal 25 and extension with the credit agreement No. JKT/BCC/3243 dated
Februari 2011, dan telah diperpanjang dengan perjanjian kredit No. February 25, 2011 and has been extended with credit agreement No
JKT/ATK/3605 tanggal 13 Juni 2012. Fasilitas kredit yang diperoleh JKT/ATK/3605 dated June 13, 2012. Credit facilities obtained are:
adalah :
- Combined limit sebesar USD 10.000.000 untuk pre dan post - Combined limit amounting to USD 10.000.000 for pre and post
(perjanjian kredit perpanjangan). (extension credit agreement).
- Fasilitas Impor sebesar USD 10.000.000. - Import facility amounting to USD 10.000.000.
- Post shipment yaitu negosiasi LC, D/A, D/P, invoice financing - Post shipment such as LC negotiation, D/A, D/P, invoice financing
sebesar USD 10.000.000. amounting to USD 10.000.000.
Fasilitas gabungan ini tidak boleh melebihi USD 10.000.000 pada setiap This combined facility may not exceed USD 10.000.000 at any time.
saat.
Berdasarkan Perpanjangan Perjanjian Kredit No: Based on the Extension of Credit Agreement No: 1013/PpjPK/CDU/2013,
1013/PpjPK/CDU/2013, tanggal 12 Juni 2013, Perusahaan memperoleh date of June 12, 2013, the Company has obtained the LC facility line of
fasilitas LC line sebesar USD 15.000.000 . USD 15.000.000.
Fasilitas ini menggantikan bentuk fasilitas sebelumnya. Fasilitas ini This facility replaced the previous facility. This facility will expire June
akan berakhir tanggal 12 Juni 2014. 12, 2014.
Saldo per tanggal 31 Desember 2013, 2012 dan 1 Januari 2012 masing- Balance as of December 31, 2013, 2012 and January 1, 2012 amounting
masing sebesar USD Nihil, USD 2.880.299 dan USD 1.068.015. to USD Nil, USD 2.880.299 and USD 1.068.015 respectively.

Pinjaman bank - Bank Permata Bank loans - Bank Permata

Perusahaan The Company


Berdasarkan akta notaris Pudji Redjeki Irawati, S.H, No. 89 dan Based on notarial deed of Pudji Redjeki Irawati, S.H, No. 89 and foreign
perjanjian transaksi valuta asing No. FX/08/394/N/WB-LC tanggal 29 exchange transaction agreement No. FX/08/394/N/WB-LC dated May
Mei 2008, terakhir diperpanjang dengan perjanjian No. 29, 2008, and lastly amended by agreement No. FX/10/450A/AMD/WB-
FX/10/450A/AMD/WB-LC tanggal 29 Juni 2010, yang kemudian LC dated June 29, 2010, and extension with agreement No.
diperpanjang lagi dengan surat perubahan perjanjian no. FX/11/1312/AMD/LCC dated August 25, 2011, the Company obtained
FX/11/1312/AMD/LCC tanggal 25 Agustus 2011. Perusahaan credit facilities in form of:
memperoleh fasilitas kredit berupa:
- LC/SKBDN baik sight, usance , pra ekspor maupun Bill Purchase - LC/SKBDN sight, usance, pre export and Bill Purchase Line of USD
line sebesar USD 10.000.000. 10.000.000.
- Fasilitas mata uang asing sebesar USD 1.000.000. - Foreign exchange facility of USD 1.000.000.
Perjanjian kredit 29 Agustus 2011 sampai dengan tanggal 31 Desember This credit agreement dated August 29, 2011 until December 31, 2011
2011 dan dapat dipakai oleh perusahaan dan PT Pancaprima and can be used for company and PT Pancaprima Ekabrothers.
Ekabrothers.
Berdasarkan Perjanjian Fasilitas terakhir yaitu tanggal 11 Desember Based on Latest Facility Agreement dated December 11, 2013, the
2013, perusahaan mendapatkan fasilitas LC sebesar USD 80.000.000. company has obtained the LC facility of USD 80.000.000.
Fasilitas ini adalah fasilitas co borrower dengan PT Pancaprima This facility can be used co borrower with PT Pancaprima Ekabrothers,
Ekabrothers, Hollit International, Ocean Asia Industry. Hollit International, Ocean Asia Industry.
Jangka waktu perjanjian fasilitas ini adalah 1 tahun. This facility agreement period is 1 year.
Saldo per tanggal 31 Desember 2013 dan 2012 sebesar USD Nihil. Balance as of December 31, 2013 and 2012 amounted to USD Nil.

Pinjaman bank - Bank Permata Bank loans - Bank Permata

PT Pancaprima Ekabrothers (Entitas Anak) PT Pancaprima Ekabrothers (Subsidiary)


Fasilitas ini merupakan co borrower dengan Perusahaan. This facility can be used co borrower with the Company.
Saldo per tanggal 31 Desember 2013, 2012 dan 1 Januari 2012 masing- Balance as of December 31, 2013, 2012 and January 1, 2012 amounted
masing sebesar USD Nihil. to USD Nil.

53
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

14. Pinjaman jangka pendek - lanjutan 14. Short term loans - continued
Pinjaman bank - Bank Permata Bank loans - Bank Permata
PT Ocean Asia Industry (Entitas Anak) PT Ocean Asia Industry (Subsidiary)
Berdasarkan Akta notaris Ny. Sjarmeini S. Chandra, S.H, merupakan Based on notarial deed of Ny. Sjarmeini S. Chandra, S.H, a facility with a
fasilitas Omnibus Pre Shipment dengan plafon USD 5.000.000. Tujuan ceiling Omnibus Pre Shipment USD 5.000.000. The goal for working
untuk modal kerja dengan jangka waktu selama 12 bulan. Dan fasilitas capital for a period of 12 months. And forex line facility limit USD
forex line limit USD 150.000 dengan jangka waktu 12 bulan. Jaminan 150.000 with a term of 12 months. This facility guaranted by inventory
yang diberikan berupa persediaan yang diikat sebagai jaminan fidusia amounted to USD 4.000.000 and account receiveable amounted to USD
dengan nilai sampai dengan USD 4.000.000 dan piutang diikat sebagai 2.000.000 as fiduciary collateral.
jaminan fidusia dengan nilai sampai dengan USD 2.000.000.

Perjanjian fasilitas terakhir adalah perjanjian no. 41 tanggal 11 The latest facility Agreement no. 41 dated December 11, 2012. This
Desember 2012. Fasilitas ini merupakan co borrower dengan facility is co borrower with the Company.
Perusahaan.
Jangka waktu fasilitas perjanjian ini adalah 1 tahun. This facility agreement period is 1 year.
Saldo per tanggal 31 Desember 2013, 2012 dan 1 Januari 2012 masing- Balance as of December 31, 2013, 2012 and January 1, 2012 amounting
masing sebesar USD Nihil, USD 4.584.352 dan USD Nihil. to USD Nil, USD 4.584.352 and USD Nil respectively.

Pinjaman bank - ANZ Indonesia Bank loans - ANZ Indonesia

Perusahaan The Company


Berdasarkan perjanjian kredit No. 029 / FA / ANZ / I / 2011 tanggal 19 Based on credit agreement No. 029/FA/ANZ/I/2011 dated January 19,
Januari 2011, dan telah beberapa kali diperpanjang dengan perjanjian 2011, and is extended by the last agreement No. 304/TEMP-
terakhir No. 304/TEMP-EXTA/ANZ/XII/2012 tanggal 07 Desember EXTA/ANZ/XII/2012 dated December 07, 2012, companies obtain credit
2012, Perusahaan memperoleh fasilitas kredit berupa : facilities include:
- Fasilitas combined limit sebesar USD 20.000.000. - Combine limit facility amounting to USD 20.000.000.
Fasilitas ini merupakan co borrower dengan PT Pancaprima This facility can be used co borrower with PT Pancaprima Ekabrothers
Ekabrothers dan Hollit Internasional. dan Hollit Internasional.
Jangka waktu fasilitas kredit sampai dengan 15 Januari 2013. Time period this credit facility valid until January 15, 2013.
Perjanjian Kredit terakhir no. 387/FA/AMN-6/ANZ/V/2013, tanggal 22 As per the latest agreement no. 387/FA/AMN-6/ANZ/V/2013, May 22
Mei 2013, Perusahaan mendapatkan fasilitas LC sebesar USD 2013, the Company has obtained the LC facility amounted USD
30.000.000. 30.000.000 respectively.
Fasilitasi ini merupakan fasilitas co borrower dengan PT Pancaprima This facility is co borrower with PT Pancaprima Ekabrothers and Hollit
Ekabrothers dan Hollit International. International.
Jangka waktu perjanjian ini adalah 1 tahun. This facility agreement is 1 year period.
Saldo per tanggal 31 Desember 2013, 2012 dan 1 Januari 2012 masing- Balance as of December 31, 2013, 2012 and January 1, 2012 amounting
masing sebesar USD Nihil, USD 2.424.666 dan USD 2.389.053. to USD Nil, USD 2.424.666 and USD 2.389.053 respectively.

PT Pancaprima Ekabrothers (Entitas Anak) PT Pancaprima Ekabrothers (Subsidiary)


Fasilitas ini merupakan co borrower dengan Perusahaan. This facility can be used co borrower with the Company.
Saldo per tanggal 31 Desember 2013, 2012, 1 Januari 2012 masing- Balance as of December 31, 2013, 2012, January 1, 2012 amounting to
masing sebesar USD Nihil, USD 1.095.194 dan USD 2.271.250. USD Nil, USD 1.095.194 and USD 2.271.250 respectively.

PT Hollit International ( Entitas Anak ) PT Hollit International ( Subsidiary )


Fasilitas ini merupakan co borrower dengan Perusahaan. This facility can be used co borrower with the Company.
Saldo per tanggal 31 Desember 2013 dan 2012 masing-masing sebesar Balance as of December 31, 2013 and 2012 amounting to USD Nil and
USD Nihil dan USD 510.526. USD 510.526 respectively.

Pinjaman bank - PT Bank UOB Indonesia Bank loans - PT Bank UOB Indonesia
Perusahaan The Company
Berdasarkan akta notaris Fathiah Helmi, S.H, No. 58 tanggal 20 April Based on a notarial deed Fathiah Helmi, S.H, No. 58 dated April 20,
2011 dan diperpanjang dengan surat akta terakhir No. 55 tanggal 13 2011, and extended by the last notarial letter No. 55 dated December 13,
Desember 2013 Perusahaan memperoleh fasilitas kredit berupa: 2013 the company obtained a credit facility the company in the form of :
- Fasilitas combined limit sebesar USD 23.000.000. - Combined limit facility amounting to USD 23.000.000.
Jangka waktu fasilitas kredit 12 bulan sejak 20 April 2013 sampai This facility valid until 12 (twelve) months since April 20, 2013 to April
dengan 20 April 2014. 20, 2014.
Fasilitas ini merupakan co borrower dengan PT Pancaprima Ekabrothers. This facility is co borrower with PT Pancaprima Ekabrothers.

54
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

14. Pinjaman jangka pendek - lanjutan 14. Short term loans - continued

Pinjaman bank - PT Bank UOB Indonesia Bank loans - PT Bank UOB Indonesia
PT Pancaprima Ekabrothers (Entitas Anak) PT Pancaprima Ekabrothers (Subsidiary)
Fasilitas ini merupakan co borrower dengan Perusahaan. This facility can be used co borrower with the Company.
Saldo per tanggal 31 Desember 2013, 2012 dan 1 Januari 2012 masing- Balance as of December 31, 2013, 2012 and January 1, 2012 amounting
masing sebesar USD Nihil dan USD 3.421.000.000 dan USD 1.334.070. to USD Nil, USD 3.421.000.000 and USD 1.334.070 respectively.

Pinjaman bank - Bank of Tokyo Mitsubishi UFJ Bank loans - Bank of Tokyo Mitsubishi UFJ
Perusahaan The Company
Berdasarkan perjanjian fasilitas kredit perbankan dengan surat No. 12- Based on credit facility of agreement letter No. 12-0486LN dated
0486LN tanggal 12 September 2012, Perusahaan mendapat fasilitas September 12, 2012 the company obtained credit facility limit to USD
kredit dengan plafond sebesar USD 15.000.000. Jatuh tempo fasilitas ini 15.000.000. The maturity date of this facility will be on September 12,
tanggal 12 September 2013. 2013.
Fasilitas tersebut berlaku selama 1 (satu) tahun setelah tanggal surat This facility valid to 1 (one) year after the dated.
perjanjian.
Saldo per tanggal 31 Desember 2013 dan 2012 sebesar USD Nihil dan Balance as of December 31, 2013 and 2012 amounting to USD Nil and
USD 4.998.078. USD 4.998.078.

Pinjaman bank - Bank Artha Graha Bank loans - Bank Artha Graha
PT Ocean Asia Industry ( Entitas Anak ) PT Ocean Asia Industry (Subsidiary)
Perusahaan mendapatkan fasilitas Line LC Sublimit TR sebesar USD The company has obtained Sublimit LC TR Line of USD 2.000.000, with a
2.000.000. Jangka waktu kredit selama 1 tahun. credit period of 1 year.
Saldo per tanggal 31 Desember 2013 dan 2012 sebesar USD Nihil dan Balance as of December 31, 2013 and 2012 amounting to USD Nil and
USD 995.018. USD 995.018 respectively.

Pinjaman bank - DBS Bank loans - DBS

Perusahaan the Company


Berdasarkan akta notaris Emmy Halim, S.H, M.kn, No. 7 tanggal 2 Based on a notarial deed No. 7 by Emmy Halim, S.H, M.kn, dated August
Agustus 2011, Perusahaan memperoleh fasilitas kredit berupa: 2, 2011, the company obtained a credit facility in the form of:
- Fasilitas Combined Limit sampai dengan USD 7.000.000. - Combined limit facility until amounting to USD 7.000.000.
Fasilitas ini merupakan co borrower dengan PT Pancaprima This facility can be used co borrower with PT Pancaprima Ekabrothers.
Ekabrothers.
Jangka waktu fasilitas kredit sejak 2 Agustus 2012 sampai dengan 2 This facility valid since Agustus 2, 2012 to Agustus 2, 2013.
Agustus 2013.
Saldo per tanggal 31 Desember 2013, 2012 dan 1 Januari 2012 masing- Balance as of December 31, 2013, 2012 and January 1, 2012 amounting
masing sebesar USD Nihil, USD 23.561 dan USD 319.085. to USD Nil, USD 23.561 and USD 319.085 respectively.

PT Pancaprima Ekabrothers ( Entitas Anak ) PT Pancaprima Ekabrothers ( Subsidiary )


Fasilitas ini merupakan co borrower dengan Perusahaan. This facility can be used co borrower with the Company.
Saldo per tanggal 31 Desember 2013 dan 2012 sebesar USD Nihil. Balance as of December 31, 2013 and 2012 amounting to USD Nil.

55
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

14. Pinjaman jangka pendek - lanjutan 14. Short term loans - continued

Pinjaman bank - Commonwealth Bank loans - Commonwealth


Perusahaan The Company
Berdasarkan Akta Perjanjian Pemberian Fasilitas Import Based on credit agreement of Facility Import of LC/SKBDN/Trade
LC/SKBDN/Trade Advance/Post Shipment Financing nomor 5 tanggal Advance/Post Shipment Financing no. 5 dated May 3, 2011, and extended
3 Mei 2011, diperpanjang dengan perjanjian No. 04 tanggal 05 with the agreement No. 04 dated September 05, 2012 Arikanti
September 2012 Notaris Arikanti Natakusumah, S.H, di Jakarta. Natakusumah, S.H, Notarial in Jakarta. The company obtained Combined
Perusahaan menerima fasilitas Combined Limit sebesar USD 5.000.000. Limit facilities to USD 5.000.000. This facility can be used by PT
Fasilitas ini dapat digunakan oleh PT Pancaprima Ekabrothers. Pancaprima Ekabrothers.

Perjanjian ini mengalami perubahan tanggal 14 Desember 2011, melalui This agreement changed the date of December 14, 2011, notary
oleh notaris Fransiscus Xaverius Budi Santoso Isbandi, yaitu Fransiscus Xavierius Budi Santoso Isbandi, the facility limit increased to
bertambahnya limit fasilitas menjadi USD 11.700.000 dan menambah USD 11.700.000 and adding co borrower becomes Pancaprima
co borrower menjadi Pancaprima Ekabrothers dan Hollit International. Ekabrothers and Hollit International. This credit facility valid since dated
Jangka waktu kredit tersebut 12 bulan terhitung tanggal 07 September September 07, 2012 to May 9, 2013.
2012 sampai dengan tanggal 09 Mei 2013.
Berdasarkan Perjanjian Pemberian Fasilitas Trade Finance terakhir no. Based on the latest Trade Finance Facility Agreement no.
035/PTBC/Trade Finance/PP/0513, tanggal 6 Mei 2013, Perusahaan 035/PTBC/Trade Finance/PP/0513, dated May 6, 2013, the Company
mendapatkan fasilitas LC sebesar USD 11.700.000. obtained LC facility of USD 11.700.000.
Fasilitas ini merupakan fasilitas co borrower dengan PT Pancaprima This facility is a facility co borrower with PT Pancaprima Ekabrothers &
Ekabrothers & Hollit International. Hollit International.
Jangka waktu perjanjian ini adalah 1 tahun. This agreement is 1 year period.
Saldo per tanggal 31 Desember 2012 fasilitas kredit tersebut belum Balance as of December 31, 2012, the credit facility was not used.
digunakan.

PT Pancaprima Ekabrothers ( Entitas Anak ) PT Pancaprima Ekabrothers ( Subsidiary )


Fasilitas ini merupakan co borrower dengan Perusahaan. This facility can be used co borrower with the Company.
Saldo per tanggal 31 Desember 2013 dan 2012 masing-masing sebesar Balance as of December 31, 2013 and 2012 amounting to USD Nil and
USD Nihil, USD 2.434.000. USD 2.434.000 respectively.

PT Hollit International (Entitas Anak) PT Hollit International (Subsidiary)


Berdasarkan surat perjanjian kredit No. 313/LO-COMM- Based on the letter of credit no. 313/LO-COMM-JKT/PTBC/1010
JKT/PTBC/1010 yang diperpanjang dengan No. extended with no. LO005/LO.BB/PTBC/02, PT Hollit International
LO005/LO.BB/PTBC/02, PT Hollit International (Entitas Anak) (subsidiary) earn credit facilities include:
memperoleh fasilitas kredit berupa :
- Pinjaman sebesar USD 3.000.000 dengan sub limit demand loan - Loan of USD 3.000.000 with sub limit demand loan amounting to USD
sebesar USD 1.200.000. 1.200.000.
Perjanjian ini mengalami perubahan tanggal 14 Desember 2011, melalui This agreement changed the date of December 14, 2011, through a
notaris Fransiscus Xaverius Budi Santoso Isbandi, yaitu mendapat notary Fransiscus Xaverius Budi Santoso Isbandi, the facility received
fasilitas co borrower dari PT Pan Brothers Tbk sebesar USD 5.000.000. from the Co Borrower of PT Pan Brothers Tbk amounting to USD
5.000.000.
Berdasarkan Perjanjian Pemberian Fasilitas Trade Finance terakhir no. Based on the latest Trade Finance Facility Agreement no.
035/PTBC/Trade Finance/PP/0513, tanggal 6 Mei 2013, mendapat 035/PTBC/Trade Finance/PP/0513, dated May 6, 2013, received the co
fasilitas co borrower dari PT Pan Brothers Tbk. borrower of PT Pan Brothers Tbk.
Saldo per tanggal 31 Desember 2013, 2012 dan 1 Januari 2012 masing- Balance as of December 31, 2013, 2012 and January 1, 2012 amounting
masing sebesar USD Nihil, USD 2.133.944 dan USD 1.602.358. to USD Nil, USD 2.133.944 and USD 1.602.358 respectively.

Bank Ekonomi Bank Ekonomi

Perusahaan The Company


Berdasarkan perjanjian fasilitas kredit perbankan dengan akta notaris Based on the bank credit facility agreement with a notary Susanti Salim,
Susanti Salim, S.H, no. 31 tanggal 22 Februari 2012, Perusahaan S.H, No. 31 dated February 22, 2012, the Company obtained a credit
mendapat fasilitas kredit dengan plafond: Pre shipment facility sebesar facility with a limit: Pre Shipment facility amounting to USD 2.000.000;
USD 2.000.000; TR Facility sebesar USD 2.000.000 dan kredit ekspor TR Facility amounting to USD 2.000.000 and export loan amounting to
sebesar USD 1.000.000. USD 1.000.000.
Fasilitas tersebut berlaku dua belas bulan mulai 1 Maret 2012 sampai This facility valid since March 1, 2012 until March 1, 2013.
dengan 1 Maret 2013.
Saldo per tanggal 31 Desember 2013 dan 2012 masing-masing sebesar Balance as of December 31, 2013 and 2012 amounting to USD Nil and
USD Nihil dan USD 144.311. USD 144.311 respectively.

56
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

14. Pinjaman jangka pendek - lanjutan 14. Short term loans - continued

Bank Ekonomi Bank Ekonomi


PT Pancaprima Ekabrothers ( Entitas Anak ) PT Pancaprima Ekabrothers ( Subsidiary )
Perusahaan mendapatkan fasilitas L/C dengan limit USD 2.500.000. The company gets L/C with a limit of USD 2.500.000. With maturity up to
Dengan jatuh tempo sampai dengan 1 Maret 2013. March 1, 2013
Saldo per tanggal 31 Desember 2013 dan 2012 sebesar USD Nihil dan Balance as of December 31, 2013 and 2012 amounting to USD Nil and
USD 149.679. USD 149.679 respectively.

Bank Hana Bank Hana


PT Ocean Asia Industry PT Ocean Asia Industry
Berdasarkan Surat Persetujuan No. 006/BSD/KRD/II/13 Perusahaan Based on the Letter of Approval No. 006/BSD/KRD/II/13 Company
mendapatkan fasilitas kredit berupa SKBDN, Sight L/C , Usance L/C obtained a credit facility in the form of SKBDN, Sight L/C, Usance L/C
dan Upas L/C , L/C Bill Bought dan Bill Discount . Dengan Plafon and Upas L/C, L/C Bill Bought and Bill Discount. With a ceiling of USD
sebesar USD 1.000.000 untuk jangka waktu sampai dengan 25 Juni 1.000.000 for the period up to June 25, 2013.
2013.
Saldo per tanggal 31 Desember 2013 dan 2012 sebesar USD Nihil dan Balance as of December 31, 2013 and 2012 amounting to USD Nil and
USD 737.770. USD 737.770 respectively.

Bank ICBC Bank ICBC


PT Pan Brothers Tbk PT Pan Brothers Tbk
Berdasarkan Surat Perjanjian Pembukaan Letter of Credit No.01 Based on the agreement for LC opening No.01 dated November 1, 2013,
tanggal 1 November 2013, Perusahaan mendapatkan fasilitas LC the Company has received the LC facility amounted USD 5.000.000. The
sebesar USD 5.000.000. Adapun jangka waktu fasilitas ini adalah period of this facility is for 12 months from November 1, 2013 to
selama 12 bulan sejak tangggal 1 November 2013 sampai dengan November 1, 2014.
tanggal 1 November 2014.
Fasilitas ini merupakan co borrower dengan PT Pancaprima This facility can be used co borrower with PT Pancaprima Ekabrothers.
Ekabrothers.

Fasilitas kredit yang belum digunakan Unused credit facilities

Citibank Citibank
Perusahaan The Company
Berdasarkan surat perjanjian tertanggal 08 Agustus 2012, perusahaan Based on the agreement dated August 08, 2012 the company obtained
memperoleh fasilitas kredit sebesar USD 5.000.000 berupa fasilitas credit facility amounting USD 5.000.000 for combined limit as follows:
gabungan sebagai berikut:
- Fasilitas Trade Payable Financing sebesar USD 5.000.000. - Trade Payable Financing facility of USD 5.000.000.
- Fasilitas Trade Receivable Financing sebesar USD 5.000.000. - Trade Receivable Financing facility of USD 5.000.000.
- Fasilitas Short Term Loan sebesar USD 5.000.000 - Short Term Loan facility of USD 5.000.000.
Fasilitas gabungan ini tidak boleh melebihi USD 5.000.000 The limit of this facility maximum USD 5.000.000
Fasilitas ini akan diperpanjang untuk 1 tahun berikutnya sejak setiap This facility will be extended for the next 1 year from the date of expiry of
tanggal berakhirnya perjanjian (Tanggal berakhirnya fasilitas) 8 agreement (expiry date facilities) August 8, 2013.
Agustus 2013.
Saldo per tanggal 31 Desember 2013, 2012 dan 1 Januari 2012 sebesar Balance as of December 31, 2013, 2012 and January 1, 2012 amounted
USD Nihil. to USD Nil.

Bank Mizuho Bank Mizuho


PT Pancaprima Ekabrothers (Entitas Anak) PT Pancaprima Ekabrothers (Subsidiary)
PT Pancaprima Ekabrothers memperoleh fasilitas pinjaman jaminan PT Pancaprima Ekabrothers obtained guarantee import credit facility
aksep impor dan fasilitas Pembelian Tagihan L/C dengan jumlah plafon and Bills Bought L/C with credit limit of USD 1.500.000 and USD
masing-masing sebesar USD 1.500.000 dan USD 500.000. 500.000 respectively.
Berdasarkan surat perpanjangan No. 795/AMD/MZH/1210, No. Based on the letter No. 795/AMD/MZH/1210, No. 796/AMD/MZH/1210
796/AMD/MZH/1210 dan No. 797/AMD/MZH/1210 tanggal 24 and No. 797/AMD/MZH/1210 dated December 24, 2010 this facility is
Desember 2010, fasilitas ini berlaku sampai dengan 23 Desember 2011. valid until December 23, 2011.

Perjanjian tersebut di atas telah diperpanjang berdasarkan surat No. These agreement above were extended, the last based on the letters
1117, 1118, 1119, 1120/AMD/MZH/1212 tanggal 23 Desember 2012 No.1117, 1118, 1119, 1120/AMD/MZH/1212 dated December 23, 2012
dan berlaku sampai dengan 21 Desember 2013. are valid until December 21, 2013.
Saldo per 31 Desember 2013, 2012 dan 1 Januari 2012 masing-masing Balance as of December 31, 2013, 2012 and January 1, 2012 amounting
sebesar USD Nihil, USD Nihil dan USD 1.347.263. to USD Nil, USD Nil and USD 1.347.263 respectively.

57
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

15. Utang usaha 15. Trade payable

Terdiri dari : Consist of :

Des 2013/ Des 2012/ 1 Jan 2012/


Dec 2013 Dec 2012 Jan 1, 2012
Pihak ketiga : Third parties :
Dream Wear - 746.842 1.192.071 Dream Wear
Dumi Garmindo 567.927 750.211 574.647 Dumi Garmindo
Asia Pacific Fibers 2.010.701 758.978 - Asia Pacific Fibers
Spinmill Indah Industry - 694.280 - Spinmill Indah Industry
Formossa Taffeta 635.626 621.609 1.213.986 Formossa Taffeta
Sewang GA Indonesia 1.243.640 1.205.865 1.084.548 Sewang GA Indonesia
Indonesia Taroko Textile 548.548 548.506 2.127.983 Indonesia Taroko Textile
Kunshan Lily Tex - 108.099 761.987 Kunshan Lily Tex
Pilar Sejati 1.117.901 2.080.962 - Pilar Sejati
Promax 915.024 336.615 718.936 Promax
Budi Muara Tex 842.825 865.720 622.999 Budi Muara Tex
Shimada Shoji - 758.978 - Shimada Shoji
Trisula - 257.382 646.035 Trisula
Lestari Busana Anggun Mahkota - 465.122 503.013 Lestari Busana Anggun Mahkota
Mahkota Tunggal Jaya - 569.942 592.627 Mahkota Tunggal Jaya
Juki Singapore 718.178 1.920.035 - Juki Singapore
Young Tex 977.491 565.450 - Young Tex
YKK Indonesia 648.650 626.163 579.244 YKK Indonesia
Changzhou Yadong Textile 3.583.738 - - Changzhou Yadong Textile
PT Tyfountex 1.972.359 - - PT Tyfountex
YKK Fastener 1.131.515 - - YKK Fastener
Jiangsu Tak Sang Textile 756.875 - - Jiangsu Tak Sang Textile
Pantjatunggal Knitting Mill, PT 555.916 - - Pantjatunggal Knitting Mill, PT
Primatex Int'l Co.,Ltd, Taiwan 538.343 - - Primatex Int'l Co.,Ltd, Taiwan
PT Dreamwear 500.902 - - PT Dreamwear
Lain-lain - masing-masing Other - less than USD 500.000,
kurang dari USD 500.000 22.938.310 26.177.577 14.884.941 each
Jumlah 42.204.469 40.058.335 25.503.017 Total

Rincian utang usaha menurut jenis mata uang adalah The details of trade payables based on currency, are as follows:
Des/ Dec 2013 Des/ Dec 2012
Mata uang asing/ Mata uang USD/ Mata uang asing/ Mata uang USD/
Foreign currency USD currency Foreign currency USD currency
USD - 39.597.559 31.675.186 USD
HKD 2.021.345 260.677 22.074.012 2.847.662 HKD
SGD 117.592 92.885 2.727 2.230 SGD
GBP 500 824 310 500 GBP
EUR 27.559 38.033 28.049 37.156 EUR
YEN 10.163.131 96.861 23.275.271 269.499 YEN
RMB 47.586 7.805 13.208 2.100 RMB
AUD - - 824 854 AUD
THB 1.617.489 49.224 - - THB
IDR 25.116.665.589 2.060.601 50.507.841.160 5.223.148 IDR
Jumlah 42.204.469 40.058.335 Total
1 Jan/ Jan 2012
Mata uang asing/ Mata uang USD/
Foreign currency USD currency
USD - 23.601.320 USD
HKD 2.358.351,95 303.561 HKD
SGD 3.601,49 2.770 SGD
GBP 499,99 770 GBP
EUR 60.745,17 78.638 EUR
YEN 2.447.972,04 31.532 YEN
RMB 2.100,00 333 RMB
IDR 13.457.750.856 1.484.093 IDR
Jumlah 25.503.017 Total

58
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

15. Utang usaha - lanjutan 15. Trade payable - continued

Rincian utang usaha menurut jatuh tempo adalah sebagai berikut : The details of trade payables based on maturity are as follows :
Des/ Dec 2013 Des/ Dec 2012
% Mata uang USD/ % Mata uang USD/
USD currency USD currency
Belum jatuh tempo 49% 20.576.516 43% 17.145.784 Neither past due
Lewat jatuh tempo : Past due :
1 sampai dengan 30 hari 23% 9.723.018 25% 9.918.742 1 - 30 days
31 sampai dengan 60 hari 19% 8.162.245 23% 9.142.962 31 - 60 days
61 sampai dengan 90 hari 5% 2.009.836 5% 1.885.627 61 - 90 days
lebih dari 90 hari 4% 1.732.854 5% 1.965.220 more than 90 days
Jumlah 100% 42.204.469 100% 40.058.335 Total

1 Jan/ Jan 2012


% Mata uang USD/
USD currency

Belum jatuh tempo 60% 15.186.093 Neither past due


Lewat jatuh tempo : Past due :
1 sampai dengan 30 hari 26% 6.613.847 1 - 30 days
31 sampai dengan 60 hari 9% 2.356.913 31 - 60 days
61 sampai dengan 90 hari 4% 919.642 61 - 90 days
lebih dari 90 hari 2% 426.522 more than 90 days
Jumlah 100% 25.503.017 Total

Tidak ada jaminan yang diberikan atas utang usaha pihak ketiga tersebut All of the third party trade payables are unsecured.

16. Utang lain-lain 16. Other payables

Des 2013/ Des 2012/ 1 Jan 2012/


Dec 2013 Dec 2012 Jan 1, 2012

Pihak ketiga : Third parties :


Birotika Semesta (DHL) 280.031 256.645 248.833 Birotika Semesta (DHL)
Union Trans Internusa 199.662 214.835 218.579 Union Trans Internusa
Nawon Machinery - - 253.317 Nawon Machinery
Panca Plazaindo 99.841 - - Panca Plazaindo
PT Uniair Indotama Cargo 198.059 189.200 267.225 PT Uniair Indotama Cargo
Panalphina Nusajaya Transport 96.276 100.518 96.095 Panalphina Nusajaya Transport
Adidas Salomon Int'l Ltd,Hkg 76.276 - - Adidas Salomon Int'l Ltd,Hkg
Toko Obor 310.559 - - Toko Obor
Indohotama 176.150 - - Indohotama
Nova Jaya - 62.643 73.732 Nova Jaya
Liwaco Overseas Marketing - 70.646 71.433 Liwaco Overseas Marketing
Pluit Jaya - 84.596 66.188 Pluit Jaya
Lain - lain dibawah USD 50.000 1.935.208 1.572.921 1.521.759 Others below USD 50.000
Jumlah 3.372.061 2.552.004 2.817.161 Total

Utang lain-lain merupakan utang atas pembelian mesin dan utang Other payables represent payable of engine purchasing and freight
pengangkutan. payable.

59
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

17. Beban masih harus dibayar 17. Accrued expenses

Beban masih harus dibayar adalah sebagai berikut : Accrued expenses are as follows :

Des 2013/ Des 2012/ 1 Jan 2012/


Dec 2013 Dec 2012 Jan 1, 2012
Gaji dan upah 1.260.348 864.734 595.854 Salaries and wages
THR dan Bonus 272.451 43.780 48.986 THR and Bonus
Koperasi, Yayasan dan SPSI 296.745 264.573 258.241 Koperasi, Yayasan and SPSI
Jamsostek 301.446 63.412 56.091 Jamsostek
Listrik, telepon dan air 311.771 133.082 85.210 Electricity, telephone and water
Jasa profesional 17.638 4.240 9.153 Professional fee
Lain-lain 333.073 382.732 293.817 Others
Jumlah 2.793.471 1.756.553 1.347.352 Total

18. Pinjaman jangka panjang 18. Long term loans

Des 2013/ Des 2012/ 1 Jan 2012/


Dec 2013 Dec 2012 Jan 1, 2012

Sindikasi 78.451.526 - - Syndication


HSBC Bank - 175.000 1.585.478 HSBC Bank
PT PNM Ventura Capital - 27.091 101.088 PT PNM Ventura Capital
Citibank - - 1.155.000 Citibank
Van Es Home B.V - - 694.375 Van Es Home B.V
Jumlah 78.451.526 202.091 3.535.941 Total
Dikurangi : Less :
Bagian utang bank yang jatuh Current maturity
tempo dalam waktu satu tahun portion
HSBC Bank - 175.000 1.410.478 HSBC Bank
PT PNM Ventura Capital - 27.091 101.088 PT PNM Ventura Capital
Citibank - - 1.155.000 Citibank
Van Es Home B.V - - 694.375 Van Es Home B.V
Jumlah - 202.091 3.360.941 Total

Jumlah pinjaman Total long term


jangka panjang loans
Sindikasi 78.451.526 - - Syndication
HSBC Bank - - 175.000 HSBC Bank
Jumlah 78.451.526 - 175.000 Total
Jumlah 78.451.526 202.091 3.535.941 Total

60
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

18. Pinjaman jangka panjang - lanjutan 18. Long term loans - continued

Hutang Sindikasi Loan Syndication


Berdasarkan perjanjian sindikasi tanggal 25 Februari 2013 PT Pan Based on syndication agreement dated February 25, 2013 PT Pan
Brothers Tbk menerima fasilitas kredit dari Pinjaman Sindikasi yang Brothers Tbk has received the syndication credit facility from PT Bank
terdiri dari PT Bank ANZ Indonesia, The Hongkong and Shanghai ANZ Indonesia, The Hongkong and Shanghai Banking Corporation
Banking Corporation Limited, PT Bank UOB Indonesia, PT Bank Limited, PT Bank UOB Indonesia, PT Bank Permata Tbk, Standard
Permata Tbk, Standard Chartered Bank, PT Bank CIMB Niaga Tbk, PT Chartered Bank, PT Bank CIMB Niaga Tbk, PT Bank Commonwealth,
Bank Commonwealth, Bank of China Limited, Cathay United Bank, PT Bank of China Limited, Cathay United Bank, PT Bank ICBC Indonesia,
Bank ICBC Indonesia, Bangkok Bank Public Company Limited, PT Bangkok Bank Public Company Limited, PT Bank Internasional
Bank Internasional Indonesia Tbk, The Bank of Tokyo Mitsubishi UFJ, Indonesia Tbk, The Bank of Tokyo Mitsubishi UFJ, Mega International
Mega International Commercial Bank, Bank of Taiwan, Chang Hwa Commercial Bank, Bank of Taiwan, Chang Hwa Commercial Bank,
Commercial Bank, Cosmos Bank, E.Sun Commercial Bank, Land Bank Cosmos Bank, E.Sun Commercial Bank, Land Bank of Taiwan, PT Bank
of Taiwan, PT Bank Ekonomi Raharja Tbk, dan Hua Nan Commercial Ekonomi Raharja Tbk, and Hua Nan Commercial Bank.
Bank.

Sebagai MLAB (Mandated Lead Arranger and Bookrunner) adalah PT Act as MLAB (Mandated Lead Arranger and Bookrunner) are PT Bank
Bank ANZ Indonesia, The Hongkong and Shanghai Banking ANZ Indonesia, The Hongkong and Shanghai Banking Corporation
Corporation Limited, dan PT Bank UOB Indonesia. Limited, and PT Bank UOB Indonesia.
The Hongkong and Shanghai Banking Corporation Limited bertindak The Hongkong and Shanghai Banking Corporation Limited is also acting
juga sebagai Facility Agent dan PT Bank UOB Indonesia sebagai as Facility Agent and PT Bank UOB Indonesia as the Security Agent.
Security Agent.
Jumlah plafon pinjaman sindikasi adalah sebesar USD 165.000.000 The amount of syndication loan limit is USD 165.000.000 which consists
yang terdiri dari : of :
- USD 150.000.000 untuk Committed Revolving Credit Facility - USD 150.000.000 for the Committed Revolving Credit Facility (RCF).
(RCF). Tujuan fasilitas ini untuk modal kerja. Purpose of this facility for working capital.
- USD 15.000.000 untuk Committed Capex Term Loan Facility (TLF). - USD 15.000.000 for the Committed Capex Term Loan Facility (TLF).
Tujuan fasilitas ini untuk kredit investasi. Purpose of this facility for investments credit.
- Tingkat bunga sekitar Sibor + 3,75% s/d Sibor + 4,25% untuk RCF - Interest rate of about SIBOR + 3,75% to SIBOR + 4,25 for RCF
- Tingkat bunga sekitar Sibor + 4,25% s/d Sibor + 4,75% untuk TLF - Interest rate of about SIBOR + 4,25% to SIBOR + 4,75 for TLF
Jangka waktu fasilitas RCF adalah 3 tahun dan jangka waktu TLF The final maturity of RCF facility is 3 years and the final maturity of TLF
adalah 5 tahun. is 5 years.
Fasilitas kredit tersebut juga merupakan co borrower dengan : The credit facility also co borrower with:
PT Pancaprima Ekabrothers, PT Hollit International, PT Ocean Asia PT Pancaprima Ekabrothers, PT Hollit International, PT Ocean Asia
Industry. Industry.
Rasio keuangan yang dipersyaratkan dalam perjanjian sindikasi adalah Financial ratio in the syndication agreements are as follows :
sebagai berikut :
- rasio Current Assets terhadap Current Liabilities tidak kurang dari 1,1 : 1 - ratio Current Assets to Current Liabilities not less than 1,1 : 1
- rasio Net Debt terhadap Equity tidak lebih dari 2 : 1 - ratio Net Debt to Equity not more than 2 : 1
- rasio Net Debt terhadap EBITDA tidak lebih dari 4,5 : 1 - ratio Net Debt to EBITDA not more than 4,5 : 1
- rasio EBITDA terhadap Finance Charges tidak kurang dari 2 : 1 - ratio EBITDA to Finance Charges not less than 2 : 1
- rasio EBITDA terhadap Fixed Charges tidak kurang dari 1,25 : 1 - ratio EBITDA to Fixed Charges not less than 1,25 : 1

diperhitungkan berdasarkan Laporan Keuangan untuk periode 12 (dua To be calculated based on financial report for twelve months period
belas) bulan yang berakhir pada tanggal 31 Desember setiap tahunnya. ended at December 31, every year end.
Sebagai jaminan atas pinjaman tersebut adalah sebagai berikut: As collateral for the loan are as follows:
Rp USD
- Mesin dan peralatan 267.073.900.000 - Machinary and equipment -
- Tanah dan bangunan 491.312.253.388 - Land and building -
- Klaim asuransi 124.000.000.000 24.225.000 Claim insurance -
Mesin dan peralatan merupakan milik Perusahaan dan PT Pancaprima Machinary and equipment owned by the Company and PT Pancaprima
Ekabrothers (Entitas Anak) yang berlokasi di Tangerang, Sukabumi, Ekabrothers (Subsidiary) located at Tangerang, Sukabumi, Sragen and
Sragen dan Boyolali. Boyolali.
Tanah dan bangunan merupakan milik Perusahaan dan PT Pancaprima Land and building owned by the Company and PT Pancaprima
Ekabrothers (Entitas Anak) yang berlokasi di Tangerang, Sukabumi, Ekabrothers (Subsidiary) located at Tangerang, Sukabumi, Sragen and
Sragen dan Boyolali. Boyolali.
Pledge of Account untuk Pan Brothers, Pancaprima Ekabrothers, Hollit Pledge of Account for Pan Brothers, Pancaprima Ekabrothers, Hollit
International, Ocean Asia Industry. International, Ocean Asia Industry.

61
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

18. Pinjaman jangka panjang - lanjutan 18. Long term loans - continued

Hutang Sindikasi Syndication


Nilai wajar pinjaman sindikasi per 31 Desember 2013 adalah sebesar Fair value of syndication loan as of December 31, 2013 was USD
USD 78.451.526 terdiri : 78.451.526 consist of :

- Perusahaan (PT Pan Brothers Tbk) 39.720.000 Company (PT Pan Brothers Tbk) -
- PT Pancaprima Ekabrothers 21.410.000 PT Pancaprima Ekabrothers -
- PT Hollit International 4.076.700 PT Hollit International -
- PT Ocean Asia Industry 13.500.000 PT Ocean Asia Industry -
Beban amortisasi (255.174) Amortised cost
Jumlah 78.451.526 Total

Citibank (pinjaman investasi) Citibank (investment loan)


PT Pancaprima Ekabrothers (Entitas Anak) PT Pancaprima Ekabrothers (Subsidiary)
Berdasarkan perjanjian utang antara PT Pancaprima Ekabrothers dan Based on loan agreement between PT Pancaprima Ekabrothers and
Citibank N.A Jakarta pada tanggal 7 Juli 2007, PT Pancaprima Citibank N.A, Jakarta dated July 7, 2007, the PT Pancaprima
Ekabrothers mendapat fasilitas pinjaman sebesar USD 15.000.000 Ekabrothers obtained credit facilities amounting to USD 15.000.000
terdiri dari Fasilitas Tranche A sebesar USD 9.000.000 dan Fasilitas consisting of Tranche A Facility of USD 9.000.000 and Tranche B
Tranche B sebesar USD 6.000.000 untuk menata ulang bangunan di Facility of USD 6.000.000 for building re-layout in Tangerang,
Tangerang, pembangunan pabrik baru di Boyolali, pembelian mesin dan construction of new factory building in Boyolali, purchase of new
perlengkapan pabrik baru dan proyek lainnya. machinery and factory equipment and other projects.

Pembayaran pinjaman dilakukan secara angsuran setiap tiga bulan The loan is repayable installments in quarterly after 1 year grace period.
setelah masa tenggang satu tahun. Tingkat bunga SIBOR + 2,65% p.a. Interest rate at SIBOR + 2,65% p.a. Time period load is valid until 2012
Jangka waktu pinjaman sampai dengan 2012 dan sudah lunas pada 27 and paid at September 27, 2012.
September 2012.
Jaminan atas fasilitas utang bank ini antara lain : The collaterals assigned for this bank loan facilities are as follows:
- Tanah dan gedung - Land and building
- Jaminan fidusia mesin - Fiducia security over machine

Pinjaman jangka panjang Bank HSBC Long term loans HSBC Bank

Perusahaan The Company


Sesuai dengan akta perjanjian pinjaman No. 12 tanggal 15 Pebruari Based on the deed of loan agreement No. 12 dated February 15, 2008,
2008, Perusahaan mendapatkan pinjaman dari Bank HSBC untuk the Company obtained loan from HSBC Bank for purchase of land and
pembelian aset tanah dan bangunan serta inventaris dan mesin konveksi building, furniture and fixture and garment machineries located at
yang berlokasi di Desa Tenjoayu Kecamatan Cicurug Sukabumi senilai Tenjoayu Village, Cicurug District Sukabumi amounting to USD
USD 1.500.000 dengan masa tenggang enam bulan dan jangka 1.500.000 with grace period of six months and payment term of sixty
pembayaran selama 60 bulan dan jatuh tempo di berbagai bulan mulai months and will due in different months starting from November 2008
November 2008 sampai dengan April 2013 dengan tingkat bunga 4,5% until April 2013 at interest rate of 4,5% p.a below the banks lending rate.
per tahun di bawah suku bunga pinjaman bank.

Jaminan atas pinjaman ini berupa hipotik tanah dan bangunan pabrik The collaterals for this loan are mortgage on land and buildings valued
senilai USD 1.900.000 dan mesin-mesin garmen senilai USD 50.000 at USD 1.900.000 and garment machineries valued at USD 50.000
yang berlokasi di Sukabumi. located at Sukabumi.

Untuk pinjaman HSBC lainnya lihat catatan 14. For other HSBC loans see notes 14.
Per Laporan Keuangan tanggal 31 Desember 2013 pinjaman ini telah lunas. As of December 31, 2013 Financial Statement, this loan already fully
paid

62
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

18. Pinjaman jangka panjang - lanjutan 18. Long term loans - continued

Pinjaman jangka panjang PNM Ventura Capital Long term loans PNM Ventura Capital
Perusahaan The Company
Pinjaman PT PNM Ventura Capital merupakan pinjaman pembiayaan Loan from PT PNM Ventura Capital represents credit for purchase of
untuk pembelian mesin dengan periode selama 60 bulan terhitung sejak machineries with the period of 60 months implicity from December 2007
Desember 2007 dan jatuh tempo pada berbagai bulan sampai dengan and will due in different months until November 2012 interest rate of 8%
November 2012 dengan tingkat bunga 8% per tahun dan dijamin dengan per annum and guaranteed with such financed machines.
mesin yang dibiayai tersebut.

19. Sewa 19. Lease

Des 2013/ Des 2012/ 1 Jan 2012/


Dec 2013 Dec 2012 Jan 1, 2012
ORIX Indonesia 249.680 421.205 544.179 ORIX Indonesia
PT Toyota Astra Finance Services 1.540 13.607 26.951 PT Toyota Astra Finance Services
PT Astra Sedaya Finance 2.469 45.656 43.136 PT Astra Sedaya Finance
Bank Jasa Jakarta 20.109 34.192 49.745 Bank Jasa Jakarta
PT Astra Credit Companies 13.536 - 36.278 PT Astra Credit Companies
PT Dipo Star Finance 103.582 56.706 - PT Dipo Star Finance
Indohutama Sejati 169.661 - - Indohutama Sejati
Bank Hana - 1.054 6.854 Bank Hana
Jumlah 560.577 572.420 707.143 Total
Pembayaran sewa minimum masa yang akan datang atas liabilitas sewa Future minimum lease payments under finance leases together with the
pembiayaan dan nilai kini dari pembayaran sewa minimum adalah present value of net minimum lease payments are as follows:
sebagai berikut:

Des 2013/ Des 2012/ 1 Jan 2012/


Dec 2013 Dec 2012 Jan 1, 2012
Dalam satu tahun 312.501 357.481 390.177 Within one year
Lebih dari satu tahun tetapi After one year but not
kurang dari tiga tahun 248.076 214.939 316.965 more than three years
Jumlah 560.577 572.420 707.142 Total
Bagian yang jatuh tempo
dalam satu tahun 312.501 357.481 390.177 Current portion
Bagian jangka panjang 248.076 214.939 316.965 Long-term liabilities
Dikurangi : Less :
Bagian utang sewa yang jatuh Current maturity
tempo dalam waktu satu tahun portion
ORIX Indonesia 154.351 292.105 314.738 ORIX Indonesia
PT Toyota Astra Finance Services 1.540 11.666 12.440 PT Toyota Astra Finance Services
Bank Jasa Jakarta 20.109 - 16.070 Bank Jasa Jakarta
PT Astra Credit Companies 13.536 - 12.817 PT Astra Credit Companies
PT Astra Sedaya Finance 2.469 18.669 19.909 PT Astra Sedaya Finance
PT Dipo Star Finance 52.632 33.987 - PT Dipo Star Finance
Indohutama Sejati 67.864 - - Indohutama Sejati
Bank Hana - 1.054 5.730 Bank Hana
Jumlah 312.501 357.481 390.177 Total

Jumlah pinjaman Total long term


jangka panjang loans
ORIX Indonesia 95.329 129.100 220.967 ORIX Indonesia
PT Toyota Astra Finance Services - 1.941 14.511 PT Toyota Astra Finance Services
Bank Jasa Jakarta - 34.192 33.675 Bank Jasa Jakarta
PT Astra Credit Companies - - 23.461 PT Astra Credit Companies
PT Astra Sedaya Finance - 26.987 23.227 PT Astra Sedaya Finance
PT Bank Hana - - 1.124 PT Bank Hana
Dipo Star 50.950 22.719 - Dipo Star
Indohutama Sejati 101.797 - - Indohutama Sejati
Jumlah hutang sewa 248.076 214.939 316.965 Total long term lease payable

63
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

19. Sewa - lanjutan 19. Lease - continued

Saldo utang sewa yang jatuh tempo dalam waktu satu tahun per 31 Lease debt balances maturing within one year as of December 31, 2013,
Desember 2013, 2012 dan 1 Januari 2012 sebesar USD 312.501, USD 2012 and January 1, 2012 amounting to USD 312.501, USD 357.481 and
357.481 dan USD 390.177. Sisa utang sewa jangka panjang per 31 USD 390.177 respectively. Remaining debt long-term lease as of
Desember 2013, 2012 dan 1 Januari 2012 sebesar USD 248.076, USD December 31, 2013, 2012 and January 1, 2012 amounting to USD
214.939 dan USD 316.965. Merupakan utang leasing kendaraan 248.076, USD 214.939 and USD 316.965 respectively. Debt is a four-
bermotor roda empat. wheeled motor vehicle leasing

Sewa dikenakan bunga berkisar antara 5 - 10% per tahun dengan jangka Leases are subject to interest at the rates ranging from 5 - 10% per
waktu sampai dengan 36 bulan serta jaminan aset yang didanai oleh annum and will be due 36 months with secured by the related leased
sewa tersebut. assets.

20. Liabilitas imbalan paska kerja 20. Post employment benefit liability

Perusahaan memberikan imbalan paska kerja imbalan pasti untuk The Company provides post employment defined benefit to its employees
karyawannya sesuai dengan Kesepakatan Kerja Bersama/Peraturan in accordance with Working Agreement/Company's Regulation.
Perusahaan.
Perhitungan imbalan paska kerja Perusahaan per 31 Desember 2013 The calculation of post employment benefit the Company as of
mengacu pada laporan aktuaris independen PT Sakura Aktualita December 31, 2013 refers to the valuations of independent actuary PT
Indonesia dalam laporan nomor : 3524/SAI/DS/II/14 tertanggal 23 Sakura Aktualita Indonesia on its report no : 3524/SAI/DS/II/14 dated
Januari 2014, dan perhitungan imbalan paska kerja Perusahaan per 31 January 23, 2014, and the calculation of post-employment benefits
Desember 2012 dan 1 Januari 2012 mengacu pada laporan aktuaris company by December 31, 2012 and January 1, 2012 refer to the
independen PT Sakura Aktualita Indonesia tanggal 27 Februari 2013 valuations of independent actuary PT Sakura Aktualita Indonesia dated
dan 6 Februari 2012. February 27, 2013, and February 6, 2012.

Perhitungan imbalan paska kerja PT Pancaprima Ekabrothers (Entitas The calculation of post employment benefit PT Pancaprima Ekabrothers
Anak) per 31 Desember 2013 mengacu pada laporan aktuaris (Subsidiary) as of December 31, 2013 refers to the valuations of
independen PT Sakura Aktualita Indonesia dalam laporan nomor : independent actuary PT Sakura Aktualita Indonesia its report no :
3523/SAI/DS/II/14 tertanggal 23 Januari 2014, dan perhitungan 3523/SAI/DS/II/14 dated January 23, 2013, and the calculation of post-
imbalan paska kerja 31 Desember 2012 dan 1 Januari 2012 mengacu employment benefits by December 31, 2012 and January 1, 2012 refer to
pada laporan aktuaris independen PT Sakura Aktualita Indonesia tanggal the valuations PT Sakura Aktualita Indonesia dated February 28, 2013
28 Februari 2013 dan 6 Februari 2012. and February 6, 2012.

Perhitungan imbalan paska kerja PT Hollit International (Entitas Anak) The calculation of post employment benefit PT Hollit International
per 31 Desember 2013 dan 2012 mengacu pada laporan aktuaris (Subsidiary) as of December 31, 2013 and 2012 refers to the valuations of
independen PT Sakura Aktualita Indonesia dengan laporan no. independent actuary PT Sakura Aktualita Indonesia its report no.
3520/SAI/DS/II/14 tanggal 29 Januari 2014, no. 3313/SAI/DS/II/2013 3520/SAI/DS/II/14 dated January 29, 2014, no. 3313/SAI/DS/II/2013
tanggal 18 Februari 2013 dan per 31 Desember 2011 mengacu pada dated February 18, 2013 and as of December 31, 2011 refers to the
laporan Aktuaris Independen PT Jasa Aktuaria JAPA dengan laporan report of Independent Actuaries Actuarial PT Jasa Aktuaria JAPA with
no. LA-041/AKT/JAPA-02/2012 tanggal 22 Februari 2012. no report. LA-041/AKT/JAPA-02/2012 dated February 22, 2012.

Beban imbalan paska kerja yang diakui di laporan laba rugi adalah Post employment benefit expense recognized in income statements is as
sebagai berikut : follows :
Perusahaan dan Entitas Anak : The Company and Subsidiaries :

Des 2013/ Des 2012/ 1 Jan 2012/


Dec 2013 Dec 2012 Jan 1, 2012
Beban jasa kini 273.716 441.500 389.946 Current service cost
Beban bunga 316.315 325.564 335.899 Interest expense
Keuntungan (kerugian) aktuarial Recognized actuarial
yang diakui 86.144 40.373 (15.616) gain (loss)
Beban jasa lalu (vested) - - 29.648 Past service cost (vested)
Amortisasi beban jasa lalu Amortization of past service cost
(non vested) 43.109 50.535 24.242 (non vested)
Jumlah beban imbalan paska kerja 719.284 857.972 764.118 Total post employment expense

64
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

20. Liabilitas imbalan paska kerja - lanjutan 20. Post employment benefit liability - continued

Liabilitas imbalan paska kerja yang diakui di laporan posisi keuangan Post employment benefit liability that has been recognized in statements
adalah sebagai berikut : of financial positionss is as follows :

Des 2013/ Des 2012/ 1 Jan 2012/


Dec 2013 Dec 2012 Jan 1, 2012

Nilai kini kewajiban imbalan pasti 6.189.503 7.962.793 6.810.870 PV of defined benefit liability
Status pendanaan - - - Financing status
Kewajiban masa lalu yang belum diakui Unrecognized post liability
(non vested) (482.907) (581.421) (673.911) (non vested)
Keuntungan (kerugian) aktuarial yang Unrecognized actuarial
belum diakui (447.015) (2.460.166) (1.396.001) gain (loss)
Liabilitas (aset) yang diakui Liability (asset) recognized in
di laporan posisi keuangan 5.259.581 4.921.206 4.740.958 statements of financial positionss
Mutasi liabilitas bersih di laporan posisi keuangan adalah sebagai berikut : The changes of net liability in the statements of financial positionss are as
follows :

Des 2013/ Des 2012/ 1 Jan 2012/


Dec 2013 Dec 2012 Jan 1, 2012
Saldo awal 4.921.206 4.740.958 4.080.041 Beginning balance
Penyesuaian saldo awal 555.075 (168.003) 276.180 Beginning balance adjustment
Pembayaran imbalan pada tahun berjalan (880.723) (509.721) (379.381) Payment of current year benefit expenses
Beban imbalan pada tahun berjalan 719.284 857.972 764.118 Period/current year benefit expense
Efek selisih penjabaran mata uang asing (55.260) - - Effect of foreign exchange translation
Jumlah liabilitas Total post employment
imbalan kerja 5.259.581 4.921.206 4.740.958 benefit liability

Asumsi utama yang digunakan dalam menentukan penilaian aktuaris The main assumptions that are used to determine actuarial valuation, are
adalah sebagai berikut: as follows:

Des 2013/ Des 2012/ 1 Jan 2012/


Dec 2013 Dec 2012 Jan 1, 2012
Tingkat diskonto 9% 7 - 9,5% 7 - 9,5% Discount rate
Tingkat proyeksi kenaikan gaji 8% 3 - 8% 3 - 8% Projection rate of salary increase
Tingkat mortalita 100% CSO80 100% CSO80 100% CSO80 Mortality rate
Tingkat cacat dan sakit 7% CSO80 7% CSO80 7% CSO80 Disability and sickness rate
Tingkat pengunduran diri 7% 7% 7% Resignation rate
Kenaikan kewajiban transisi N/A N/A N/A Increase in transition obligation
Proporsi pengambilan pensiun normal 100% 100% 100% Proportion of taking normal pension
Tingkat PHK karena alasan lain Nihil/nil Nihil/nil Nihil/nil Employment dismissal rate
for other reason

21. Kepentingan non pengendali 21. Non - controlling interest

Rincian kepemilikan pemegang saham non pengendali atas ekuitas dan Details of non-controlling interests in the equity and share of results of
bagian hasil bersih entitas anak yang dikonsolidasi adalah sebagai consolidated subsidiaries are as follows :
2013
Pada awal tahun/ Bagian hasil bersih/ Lain-lain/ Pada akhir tahun/
Beginning of year Share of result Others End of year
LHL Investment Ltd 42.392 4.598 - 46.990
HLT Holding Ltd 1.427.818 (246.452) - 1.181.366
Intiwatana Holding NV 29.140 (2.456) - 26.684
Jean Pierre Seveke 142.481 128.147 - 270.628
Frank Petrus Smits 142.481 128.147 - 270.628
SJ Industrial PTE 562.856 (31.525) - 531.331
Kaharto, Lim Tjun Peng,
Bong Khong Fan 211.368 (8.437) - 202.931
Smart Time Enterprise Ltd - (1.321) - (1.321)
Berkah Andalan Sentosa - (73.625) - (73.625)
2.558.536 (102.924) - 2.455.612

65
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

21. Kepentingan non pengendali - lanjutan 21. Non - controlling interest - continued

2012
Pada awal tahun/ Bagian hasil bersih/ Lain-lain/ Pada akhir tahun/
Beginning of year Share of result Others End of year
LHL Investment Ltd 34.625 4.221 3.546 42.392
HLT Holding Ltd 1.301.247 126.571 - 1.427.818
Intiwatana Holding NV 26.556 2.584 - 29.140
Jean Pierre Seveke 459 142.022 - 142.481
Frank Petrus Smits 459 142.022 - 142.481
SJ Industrial PTE 430.241 132.615 - 562.856
Kaharto, Lim Tjun Peng,
Bong Khong Fan 213.977 (2.609) - 211.368
2.007.564 547.426 3.546 2.558.536

1 Jan 2012
Pada awal tahun/ Bagian hasil bersih/ Lain-lain/ Pada akhir tahun/
Beginning of year Share of result Others End of year
LHL Investment Ltd 45.599 4.835 (15.810) 34.625
HLT Holding Ltd - 248.730 1.052.517 1.301.247
Intiwatana Holding NV - 5.182 21.374 26.556
Jean Pierre Seveke - (1.558) 2.017 459
Frank Petrus Smits - (1.558) 2.017 459
SJ Industrial PTE - (157.759) 588.000 430.241
Kaharto, Lim Tjun Peng,
Bong Khong Fan - 3.695 210.283 213.978
45.599 101.565 1.860.399 2.007.564

22. Modal saham 22. Capital stock

Berdasarkan Pernyataan Rapat Umum Pemegang Saham Luar Biasa Based on the statement of extraordinary shareholders meeting which was
yang dituangkan dalam akta No. 13 tanggal 19 Agustus 2005 oleh documented under the deed No. 13 dated August 19, 2005 of Dina
notaris Dina Chozie, S.H, (pengganti Fathiah Helmi, S.H) dinyatakan Chozie, S.H, (substitute notary of Fathiah Helmi, S.H) it was stated that:
sebagai berikut:

a. Perusahaan menurunkan modal dasar Perusahaan dari 1.920.000.000 a. The Company decreased its authorized capital from 1.920.000.000
(satu milyar sembilan ratus dua puluh juta) saham dengan nilai (one billion nine hundred twenty million) shares with par value of Rp
nominal seluruhnya Rp 192.000.000.000 (seratus sembilan puluh dua 192.000.000.000 (one hundred ninety two billion rupiah) to
miliar Rupiah) menjadi 1.781.760.000 (satu miliar tujuh ratus 1.781.760.000 (one billion seven hundred eighty one million seven
delapan puluh satu juta tujuh ratus enam puluh ribu) saham dengan hundred and sixty thousand) shares with total par value of Rp
jumlah nominal seluruhnya sebesar Rp 178.176.000.000 (seratus 178.176.000.000 (one hundred seventy eight billion one hundred
tujuh puluh delapan miliar seratus tujuh puluh enam juta rupiah). seventy six million rupiah).

b. Perusahaan menerbitkan saham baru sejumlah 61.440.000 (enam b. The Company issued new shares of 61.440.000 (sixty one million
puluh satu juta empat ratus empat puluh ribu) lembar. Dengan four hundred fourty thousand) shares. Therefore the issued and paid
demikian modal ditempatkan dan disetor Perusahaan meningkat dari up capital of the Company were increased from 384.000.000 (three
384.000.000 (tiga ratus delapan puluh empat juta) saham dengan hundred eighty four million) shares with par value of Rp 100 (one
nilai nominal Rp 100 (seratus rupiah) setiap saham, menjadi hundred rupiah) per share, to 445.440.000 (four hundred fourty five
445.440.000 (empat ratus empat puluh lima juta empat ratus empat million four hundred fourty thousand) shares with par value of Rp
puluh ribu) saham dengan nilai nominal Rp 100 (seratus rupiah) per 100 (one hundred rupiah) per share.
saham.

Pada tanggal 22 Desember 2010, Perusahaan memperoleh penyertaan On December 22, 2010, acquire equity company effective from Bapepam-
efektif dari BAPEPAM-LK untuk melaksanakan Penawaran Umum LK to exercise a public offering of Right Issue II amounting to
Terbatas (PUT II) untuk sejumlah 445.440.000 (empat ratus empat 445.440.000 (four hundred forty-five million four hundred forty thousand)
puluh lima juta empat ratus empat puluh ribu) saham dengan nilai shares with a nominal value of Rp100 (one hundred rupiah) per share
nominal Rp 100 (seratus rupiah) per saham yang ditawarkan dengan offered at a price of Rp 1.350 (one thousand three hundred fifty rupiah ) a
harga Rp 1.350 (seribu tiga ratus lima puluh rupiah) per saham. share.

66
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

22. Modal saham - lanjutan 22. Capital stock - continued

Hasil PUT II yang berakhir tanggal 19 Januari 2011 adalah sebanyak The result PUT II which ended on January 19, 2011 of 320.525.000
320.525.000 (tiga ratus dua puluh juta lima ratus dua puluh lima ribu) (three hundred and twenty million five hundred twenty-five thousand)
saham biasa baru dengan nilai nominal Rp 100 (seratus rupiah) per ordinary shares with the nominal value of the new Rp 100 (one hundred
saham, dengan harga Rp 1.350 (seribu tiga ratus lima puluh rupiah) per rupiahs) per share at a price of Rp 1.350 (one thousand three hundred
saham. Dengan demikian jumlah saham yang ditempatkan dan disetor fifty rupiahs) per share. Thus the number of shares issued and fully paid
Perusahaan meningkat dari 445.440.000 (empat ratus empat puluh lima the Companies increased from 445.440.000 (four hundred forty five
juta empat ratus empat puluh ribu) saham menjadi 765.965.000 (tujuh million four hundred forty thousand) shares to be 765.965.000 (seven
ratus enam puluh lima milyar sembilan ratus enam puluh lima ribu) hundred and sixty five million nine hundred sixty-five thousand) shares
saham dengan nilai nominal Rp 100 (seratus rupiah) per saham. Waran with a nominal value of Rp 100 (one hundred rupiahs) per share.
yang diterbitkan sebanyak 106.841.640 (seratus enam juta delapan ratus Warrants issued as many as 106.841.640 (one hundred six million eight
empat puluh satu ribu enam ratus empat puluh) waran dengan nilai hundred forty-one thousand six hundred forty) warrants the nominal
nominal Rp 100 (seratus rupiah) per waran dan harga pelaksanaan Rp value of Rp 100 (one hundred rupiahs) per warrants and exercise price of
1.600 (seribu enam ratus rupiah) per waran. Rp 1.600 (one thousand and six hundred rupiahs) per warrant.

Berdasarkan Pernyataan Rapat Umum Pemegang Saham Luar Biasa Based on the Statement of General Meeting Extraordinary Shareholders
yang dituangkan dalam akta no. 42 tanggal 13 Mei 2011 oleh notaris set forth in the deed No. 42 dated May 13, 2011 by a notary Fathiah
Fathiah Helmi, S.H, Perusahaan melakukan perubahan nilai nominal Helmi, S.H, the Company made changes in the nominal value of shares
saham (stock split) dari Rp 100 (seratus rupiah) menjadi Rp 25 (dua (stock split) of Rp 100 (one hundred rupiah) to Rp 25 (twenty five dollars)
puluh lima rupiah) setiap saham, dengan demikian jumlah saham per share, thus the number of shares issued and paid from 765.965.000
ditempatkan dan disetor yang semula 765.965.000 saham menjadi shares to 3.063.860.000 shares with a nominal value of Rp
3.063.860.000 saham dengan nilai nominal sebesar Rp 76.596.500.000. 76.596.500.000.

Setelah adanya pelaksanaan kegiatan exercise atas Waran Seri I jumlah After the implementation of the exercise of warrants series I the amount
modal saham ditempatkan dan disetor per 31 Desember 2011 menjadi was issued and paid up capital stock as of December 31, 2011 to
3.063.861.660 saham dengan nilai nominal Rp 76.596.541.500. Dalam 3.063.861.660 shares with a nominal value of Rp 76.596.541.500. In
periode 2012 hasil pelaksanaan Waran Seri I sebanyak 1.750.548 2012 the excercise of warran Seri I amounting to 1.750.548 with nominal
dengan harga nominal Rp 25 atau seluruh sebesar Rp 43.763.700, price Rp 25 equivalent with Rp 43.763.700, thus total the number of share
sehingga jumlah modal saham disetor per 31 Desember 2012 menjadi issued of December 31, 2012 amounting to Rp 76.640.305.200 and
sebesar Rp 76.640.305.200 dan dengan jumlah 3.065.612.208 saham. 3.065.612.208 shares.

Dasar penentuan nilai wajar waran yaitu mengikuti proyeksi pergerakan Basis for determining the fair value of the warrants is projected to follow
saham dan minat pasar. Tidak ada ikatan yang terkait dengan penerbitan the movement of stocks and market interest. There is no bond associated
waran. Dampak dilusi sangat kecil, karena total waran yang terbit sangat with the issuance of warrants. Dilutive impact is very small, because the
kecil dibanding dengan total saham yang beredar. total warrants issued very small compared to the total shares outstanding.

Jumlah waran seri I yang diterbitkan sebanyak 106.841.640 waran The number of warrants issued as Series I warrants 106.841.640 par
dengan nilai nominal Rp 100. Dengan adanya stock split saham dari value of Rp 100. With the stock split shares of par value of Rp 100 to Rp
nominal Rp 100 menjadi Rp 25, maka warran seri I yang diterbitkan 25, the warrant I issued a series of 4 x 106.841.640 = 427.366.560
menjadi 4 x 106.841.640 warran = 427.366.560 warran. warrants.

Sehingga warran yang telah di exercise s/d 31 Desember 2012 adalah So warrant has exercise until December 31, 2012 is as much a warrant
sebanyak 1.752.208 warran dan yang belum diexercise s/d 31 Desember and 1.752.208 are not exercised until December 31, 2012 of 425.614.352
2012 sebanyak 425.614.352 warran. as warrants.

Jumlah warran seri I yang di exercise pada tahun 2013 (s/d tanggal 7 The amount of series I warrant that exercised in 2013 (until January 7,
Januari 2013) sebanyak 19.290.464, sehingga sisa yang tidak 2013) of 19.290.464, so the rest are not excercised and be forfeited as
diexcercise dan menjadi hangus sebanyak 406.323.888 warran. warran 406.323.888.

Komposisi pemegang saham Perusahaan per 31 Desember 2013 adalah The composition of the Company's shareholders as of December 31,
sebagai berikut : 2013 is as follows :

Jumlah saham/ Jumlah nominal/ Total nominal Pemilikan (%)/


Total shares dalam Rupiah (Rp) in USD Ownership

PT Trisetijo Manunggal Utama 812.220.640 20.305.516.000 6.118.787 26,33% PT Trisetijo Manunggal Utama
PT Ganda Sawit Utama 612.772.000 15.319.300.000 4.616.260 19,86% PT Ganda Sawit Utama
Edy Suwarno Al Jap L Sing 268.838.772 6.720.969.300 2.025.271 8,71% Edy Suwarno Al Jap L Sing
UBS AG Singapore UBS AG Singapore
Non treaty Omnibus 169.905.000 4.247.625.000 1.279.963 5,51% Non treaty Omnibus
Lain-lain di bawah 5% 1.221.166.260 30.529.156.500 9.199.540 39,59% Others bellow 5%

Jumlah 3.084.902.672 77.122.566.800 23.239.822 100% Total

67
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

22. Modal saham - lanjutan 22. Capital stock - continued

Komposisi pemegang saham Perusahaan per 31 Desember 2012 adalah The composition of the Company's shareholders as of December 31, 2012 is
sebagai berikut : as follows :
Jumlah saham/ Jumlah nominal/ Total nominal Pemilikan (%)/
Total shares dalam Rupiah (Rp) in USD Ownership

PT Ganda Sawit Utama 612.772.000 15.319.300.000 4.616.260 19,99% PT Ganda Sawit Utama
PT Trisetijo Manunggal Utama 812.220.640 20.305.516.000 6.118.787 26,49% PT Trisetijo Manunggal Utama
UBS AG Singapore UBS AG Singapore
Non treaty Omnibus 199.905.000 4.997.625.000 1.505.965 6,52% Non treaty Omnibus
Lain-lain di bawah 5% 1.440.714.568 36.017.864.200 10.948.957 47,00% Others bellow 5%

Jumlah 3.065.612.208 76.640.305.200 23.189.970 100% Total

Komposisi pemegang saham Perusahaan per 1 Januari 2012 adalah The composition of the Company's shareholders as of January 1, 2012 is
sebagai berikut : as follows :
Jumlah saham/ Jumlah nominal/ Total nominal Pemilikan (%)/
Total shares dalam Rupiah (Rp) in USD Ownership

PT Ganda Sawit Utama 612.772.000 15.319.300.000 4.616.260 20,00% PT Ganda Sawit Utama
PT Trisetijo Manunggal Utama 812.220.640 20.305.516.000 6.118.787 26,51% PT Trisetijo Manunggal Utama
UBS AG Singapore UBS AG Singapore
Non treaty Omnibus 232.758.000 5.818.950.000 1.753.224 7,60% Non treaty Omnibus
Lain-lain di bawah 5% 1.406.111.020 35.152.775.500 10.697.167 45,89% Others bellow 5%

Jumlah 3.063.861.660 76.596.541.500 23.185.438 100% Total

23. Tambahan modal disetor 23. Additional paid-in capital

Jumlah tersebut merupakan selisih antara harga perdana pada saat This account represents the difference between the realized price at the
penawaran umum kepada masyarakat pada tahun 1990, dibandingkan time of initial public offering in 1990 compared to par value with details
dengan nilai nominalnya dengan rincian sebagai berikut : as follows :

Hasil penawaran umum berdasarkan harga perdana : Proceeds from initial public offering :

Rupiah USD
3.800.000 saham x 8700/saham = 33.060.000.000 16.366.337 = 3.800.000 shares x 8700 per share
Jumlah nominal saham Par value of shares
3.800.000 saham x 1000/saham = (3.800.000.000) (1.881.188) = 3.800.000 shares x 1000 per share
Agio saham = 29.260.000.000 14.485.149 = Share premium
Kapitalisasi modal tanggal 22 Mei 1992 = (25.600.000.000) (12.673.267) = Capitalization of equity on May 22,1992

Saldo tambahan modal disetor 3.660.000.000 1.811.881 Additional paid in-capital

*) Kapitalisasi modal dari agio saham tersebut di atas berdasarkan *) Capital capitalization from share premium above on Decision of
Keputusan Rapat Umum Luar Biasa Pemegang Saham (RULBPS) Extraordinary Shareholders General Meeting (RULBPS) and based
dan sesuai dengan akta notaris Adam Kasdarmaji, S.H, no.82 tanggal on notarial deed of Adam Kasdarmaji, S.H, no.82 dated May 22,
22 Mei 1992 untuk meningkatkan modal disetor yang berasal dari 1992 to increase paid in capital from capitalization of share
kapitalisasi modal agio saham, dengan cara satu saham lama premium, whereby one old share is entitled to two new shares.
memperoleh dua saham baru.

Hasil Penawaran Umum Terbatas I dalam rangka hak memesan terlebih Result of initial public offering I pre-emptive right issue in 2005 :
dahulu tahun 2005 :
61.440.000 saham x 365/saham = 22.425.600.000 2.290.664 = 61.440.000 shares x 365 per share
Jumlah nominal saham Par value of shares
61.440.000 saham x 100/saham = (6.144.000.000) (627.579) = 61.440.000 shares x 100 per share
Beban dalam rangka Right Issue = (477.921.690) (48.550) = Right issue expense
Agio saham dari hak memesan Share premium
terlebih dahulu (Right Issue ) = 15.803.678.310 1.614.535 = of Right Issue

Saldo tambahan modal disetor per 31 Des 2010 19.463.678.310 3.426.416 Additional paid in-capital as of Dec 31, 2010

68
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

23. Tambahan modal disetor - lanjutan 23. Additional paid-in capital - continued

Hasil Penawaran Umum Terbatas II dalam rangka hak memesan terlebih Result of initial public offering II pre-emptive right issue in 2011 :
dahulu tahun 2011 :
Rupiah USD

320.525.000 saham x 1350/saham = 432.708.750.000 48.014.730 = 320.525.000 shares x 1350 per share
Jumlah nominal saham Par value of shares
320.525.000 saham x 100/saham = (32.052.500.000) (3.556.647) = 320.525.000 shares x 100 per share
Beban dalam rangka Right Issue = (985.193.757) (109.320) = Right issue expense
Agio saham dari hak memesan Share premium
terlebih dahulu (Right Issue ) = 399.671.056.243 44.348.763 = of Right Issue

Saldo tambahan modal disetor 419.134.734.553 47.775.180 Additional paid in-capital

Hasil kegiatan Exercise Waran Seri I tahun 2011 The results of Series I Warrant Exercise in 2011
1660 saham x 400/saham = 664.000 75,13 = 1660 shares x 400 per shares
Jumlah nominal saham Par value of shares
1660 saham x 25/saham = (41.500) (4,70) = 1660 shares x 25 per shares
Agio saham dari kegiatan Exercise Exercise of activity in share premium
Waran Seri I = 622.500 70,43 = Warrant series I

Saldo tambahan modal disetor per 31 Des 2011 419.135.357.053 47.775.250 Additional paid in-capital as of Dec 31, 2011

Hasil kegiatan Exercise Waran Seri I tahun 2012 The results of Series I Warrant Exercise in 2012
1.750.548 saham x 400/saham = 700.219.200 72.509,30 = 1.750.548 shares x 400 per shares
Jumlah nominal saham Par value of shares
1.750.548 saham x 25/saham = (43.763.700) (4.531,83) = 1.750.548 shares x 25 per shares
Agio saham dari kegiatan Exercise Exercise of activity in share premium
Waran Seri I = 656.455.500 67.977,47 = Warrant series I

Saldo tambahan modal disetor per 31 Des 2012 656.455.500 67.977,47 Additional paid in-capital as of Dec 31, 2012
Jumlah 419.791.812.553 47.843.228 Total

Hasil kegiatan Exercise Waran Seri I tahun 2013 The results of Series I Warrant Exercise in 2012
(sampai dengan tanggal 7 Januari 2013)
19.290.464 saham x 400/saham = 7.716.185.600 797.619,55 = 19.290.464 shares x 400 per shares
Jumlah nominal saham Par value of shares
(sampai dengan tanggal 7 Januari 2013)
19.290.464 saham x 400/saham = (482.261.600) (49.851,22) = 19.290.464 shares x 25 per shares

Agio saham dari kegiatan Exercise Exercise of activity in share premium


Waran Seri I = 7.233.924.000 747.768,32 = Warrant series I

Saldo tambahan modal disetor per 31 Des 2013 7.233.924.000 747.768,32 Additional paid in-capital as of Dec 31, 2013

Jumlah 427.025.736.553 48.590.996 Total

Setelah dilakukan pengukuran kembali maka saldo Tambahan Modal After the remeasurement balance of the additional paid-in capital as of
Disetor per 31 Desember 2013 dan per 31 Desember 2012 masing- December 31, 2013 and December 31, 2012 amounting to USD
masing menjadi USD 48.590.996 dan USD 47.843.228. 48.590.996 and USD 47.843.228 respectively.

24. Penjualan 24. Sales


Des 2013/ Des 2012/
Dec 2013 Dec 2012
Penjualan ekspor 323.295.503 285.111.042 Export sales
Penjualan lokal 16.442.427 1.506.398 Local sale
Penjualan kotor 339.737.930 286.617.440 Gross sales
Retur dan diskon (14.094) (3.517) Sales return and discount
Jumlah 339.723.836 286.613.923 Total

Penjualan kepada pihak berelasi diungkapkan pada Catatan 33. Sales to related parties are disclosed in Note 33.
Penjualan mengenai rincian kelompok produk diungkapkan pada catatan Sales related to product categories are disclosed in note 34.
34.

69
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

24. Penjualan - lanjutan 24. Sales - continued

Rincian pembeli dan jumlah penjualan yang melebihi 10% dari jumlah The details of buyers and total of sales more than 10% from total net
penjualan bersih adalah sebagai berikut : sales are as follows :

% Des/Dec 2013 Des/Dec 2012 %


PT Pan Brothers : PT Pancaprima Ekabrothers
Mitsubishi 21% 71.044.497 32.153.581 11% Mitshubishi
PT Pancaprima Ekabrothers : PT Pancaprima Ekabrothers
Adidas Sourcing Ltd 15% 51.342.886 60.087.960 21% Adidas Sourcing Ltd
Jumlah 122.387.383 92.241.541 Total

25. Beban pokok penjualan 25. Cost of goods sold

Des 2013/ Des 2012/


Dec 2013 Dec 2012
Persediaan awal bahan baku Beginning inventory of raw
dan bahan pembantu 11.158.387 7.773.416 and indirect materials
Pembelian : Purchases :
Bahan baku dan Raw material and
bahan pembantu 218.411.732 185.073.566 indirect material
Persediaan yang siap untuk dipakai 229.570.119 192.846.982 Ending material ready for used
Persediaan akhir bahan baku dan Raw materials and sub material
konveksi (12.356.488) (11.158.387) and convection
Pemakaian bahan baku dan pembantu 217.213.632 181.688.594 Material and sub materials used

Upah langsung 35.437.052 26.607.865 Direct labor cost


Beban pabrikasi 20.556.511 25.158.699 Factory expenses
Beban CMT 25.591.116 23.311.810 CMT expenses
Jumlah beban produksi 298.798.310 256.766.968 Total production costs

Persediaan awal barang dalam proses 37.775.101 36.717.142 Work in process - beginning
Persediaan akhir barang dalam proses (39.082.657) (37.775.101) Work in process - ending
Harga pokok produksi 297.490.755 255.709.009 Cost of goods sold

Persediaan awal barang jadi 4.037.705 3.228.963 Finished goods - beginning


Persediaan akhir barang jadi (3.610.075) (4.037.705) Finished goods - ending
Beban pokok penjualan 297.918.384 254.900.267 Cost of goods sold

Pembelian kepada pihak berelasi diungkapkan pada Catatan 33. Purchase to related parties are disclosed in Note 33.

Tidak ada rincian pemasok dan jumlah pembelian yang melebihi 10% There is no details suppliers and total purchases more than 10% from
dari total pembelian bersih. total net purchases.

26. Beban penjualan 26. Selling expenses

Des 2013/ Des 2012/


Dec 2013 Dec 2012
EMKL/EMKU 2.995.673 2.174.422 EMKL/EMKU
Angkutan udara 788.505 414.131 Air freight
Kirim sample dan dokumen 262.705 347.399 Sample and document delivery
Promosi 55.211 65.006 Promotion
Pemasaran 428.235 160.042 Marketing expenses
Dokumen ekspor 442.259 357.942 Export documents
Asuransi ekspor 77.575 34.838 Export insurance
Training dan seminar 43.767 49.431 Training and workshop
Lain-lain 421.048 347.798 Others
Jumlah 5.514.979 3.951.009 Total

70
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

27. Beban umum dan administrasi 27. General and administrative expenses

Des 2013/ Des 2012/


Dec 2013 Dec 2012
Gaji dan lembur karyawan 7.824.509 7.125.893 Employee's salaries and overtime
Beban bank 1.229.286 1.035.238 Bank charges
Beban manfaat karyawan 719.284 857.972 Employee's benefit expense
Transportasi, perjalanan 1.109.763 920.801 Transportation, travelling
Konsumsi 66.146 157.056 Consumption
Penyusutan 835.686 688.063 Depreciation
Kendaraan 561.339 306.313 Vehicles
Jamsostek 93.013 93.835 Manpower insurance (jamsostek)
Telekomunikasi 150.666 151.775 Telecomunication
Pos, perangko dan materai 15.300 21.352 Postage and stamp duty
Jamuan/representasi 306.304 178.063 Entertainment/representation
Perbaikan dan pemeliharaan 199.163 248.054 Repair and maintenance
Konsultan, perijinan, dan lain-lain 1.305.550 263.142 Professional and licenses, etc
Beban pajak 378.282 20.399 Tax expense
Pendidikan dan seminar 8.282 12.490 Education and Seminary
Perlengkapan kantor 220.601 88.897 Office stationery
Retribusi air dan listrik 246.669 43.548 Water and electricity
Pengobatan 39.972 26.787 Medical
Keamanan dan seragam 2.372 16.433 Security and uniform
Asuransi 174.869 41.847 Insurance
Amortisasi 6.155 6.817 Amortization
Rekruitmen dan iklan 46.547 13.775 Recruitment and advertisement
Sumbangan 6.661 4.226 Donation
Sewa gedung dan mesin 584.643 200.000 Building and machine lease
Lain-lain 1.382.618 1.276.758 Others
Jumlah 17.513.680 13.799.534 Total

28. Pendapatan (beban) lain-lain 28. Other income (expenses)

Pendapatan bunga merupakan pendapatan dari bunga rekening giro dan Interest Income represent interest from current account and time
deposito. deposits.
Laba penjualan aset tetap merupakan laba atas penjualan mesin, Gain on sale of fixed assets represents the profit on sale of machinery,
kendaraan dan inventaris kantin. vehicles and canteen inventory.
Rugi selisih kurs merupakan kerugian yang timbul atas penyesuaian kurs Foreign exchange losses represents was incurred on foreign exchange
aset dan liabilitas dalam mata uang asing. adjustment of assets and liabilities denominated in foreign currencies.
Beban bunga merupakan bunga atas pinjaman jangka pendek (pinjaman Interest expense represents on short-term loans (bank loans) and any
bank) mau pun pinjaman jangka panjang. long-term loans.
Lain-lain merupakan pendapatan dan beban lain-lain di luar operasi Others represent from interest and other expense outside operating
perusahaan seperti pendapatan dari program SKIM Departemen company such as income from SKIM Department of Industry (DEPERIN)
Perindustrian (DEPERIN), beban penyusutan pabrik di Sukabumi, dan scheme, depreciation expense on plant Sukabumi and other program.
program lainnya.

29. Saldo laba ditentukan penggunaannya 29. Retained earnings - appropriated

Saldo cadangan umum Perusahaan per 31 Desember 2013 dan 2012 The balance of the Companys general reserve as of December 31, 2013,
masing-masing sebesar Rp 10.000.000.000 dan Rp 9.000.000.000. and 2012 amounted to Rp 10.000.000.000 and Rp 9.000.000.000
Sesuai hasil Rapat Umum Pemegang Saham tanggal 31 Mei 2013 dan respectively. Based on the General Shareholders Meeting dated May 31,
berdasarkan akta No. 108 tanggal 31 Mei 2013 tentang RUPS Tahunan 2013 and based on deed no.108 dated May 31, 2013 regarding RUPS
PT Pan Brothers Tbk oleh Fathiah Helmi, S.H, Notaris di Jakarta saldo Tahunan PT Pan Brothers Tbk by Fathiah Helmi, S.H, notary in
cadangan umum ditingkatkan sebesar Rp 1.000.000.000 sehingga Jakarta, the general reserve was increased by Rp 1.000.000.000 resulting
cadangan umum Perusahaan menjadi sebesar Rp 10.000.000.000. in total general reserve became Rp 10.000.000.000.

Setelah dilakukan pengukuran kembali maka saldo cadangan umum per After the remeasurement then the general reserve balance as of Dec 31,
31 Desember 2013, 2012 dan 1 Januari 2012 masing-masing menjadi 2013 and 2012 amounted to USD 1.086.114 and USD 985.399
USD 1.086.114 dan USD 985.399. respectively.

71
laporan tahunan annual report 2013
PT. Pan Brothers Tbk. 139

PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

29. Saldo laba ditentukan penggunaannya - lanjutan 29. Retained earnings - appropriated - continued

Saldo cadangan umum Perusahaan per 1 Januari 2012 sebesar Rp The balance of the Companys general reserve as of January 1, 2012
8.000.000.000, sesuai hasil Rapat Umum Pemegang Saham tanggal 13 amounted to Rp 8.000.000.000 respectively. Based on the General
Mei 2011 dan berdasarkan akta No. 41 tanggal 13 Mei 2011 tentang Shareholder's Meeting dated May 13,2011 and based on deed No. 41
RUPS Tahunan PT Pan Brothers Tbk oleh Fathiah Helmi, S.H, dated May 13, 2011 regarding Annual RUPS PT Pan Brothers Tbk by
Notaris di Jakarta saldo cadangan umum ditingkatkan sebesar Rp Fathiah Helmi, S.H, notary in Jakarta, the general reserve was increased
1.000.000.000 sehingga cadangan umum Perusahaan menjadi sebesar by Rp 1.000.000.000 resulting in total general reserve became Rp
Rp 8.000.000.000. 8.000.000.000.
Setelah dilakukan pengukuran kembali maka saldo cadangan umum per After the remeasurement then the general reserve balance as of January
1 Januari 2012 sebesar USD 877.641. 1, 2012 amounted to USD 877.641.

30. Pendapatan komprehensif lainnya 30. Other comprehensive income

Merupakan selisih yang timbul dari penjabaran laporan posisi keuangan Represents the difference arising from translation of financial position in
dalam mata uang asing per 31 Desember 2013 sebesar USD 20.871 dan a foreign currency as of December 31, 2013 amounting to USD 20.871
per 31 Desember 2012 sebesar (USD 18.481). and as of December 31, 2012 amounting to (USD 18.481) respectively.

31. Laba bersih per saham 31. Earning per share

Des 2013/ Des 2012/


Dec 2013 Dec 2012
Laba periode berjalan dapat diatribusikan Profit for the period attributable
kepada pemilik entitas induk 10.552.233 7.480.246 to the owners of the parent
Rata-rata tertimbang jumlah saham Weighted average number of
yang beredar 3.084.902.672 3.065.612.208 ordinary shares outstanding
Laba bersih per saham 0,0034 0,0024 Earning per share

32. Dividen 32. Dividend

Berdasarkan akta No. 30 tanggal 15 Mei 2012 notaris Fathiah Helmi, Based on notarial deed No. 30 dated May 15, 2012 notary Fathiah Helmi,
S.H, di Jakarta tentang RUPS Tahunan PT Pan Brothers Tbk yang S.H, in Jakarta about "Annual shareholder meeting of PT Pan Brothers
menyatakan bahwa Perusahaan membagikan dividen tunai sebesar Rp 1 Tbk" which stated that Company will distribute dividend Rp1 per shares
per saham dengan total nilai USD 333.754. with total amount USD 333.754.

33. Transaksi dengan pihak berelasi 33. Transactions with related parties

Persentase terhadap total aset/kewajiban/


pendapatan/beban yang bersangkutan
Percentage of total assets/liabilities/revenue
/expense (for the current period)

Des 2013/ Des 2012/ 1 Jan 2012/ Des 13/ Des 12/ 1 Jan 12/
Dec 2013 Dec 2012 Jan 2012 Dec 2013 Dec 12 Jan 12
Piutang usaha pada pihak berelasi/
Accounts receivable from related parties:
PT Panca Plazaindo Textile - - 541.660 - - 0,31%
PT Pancabrothers Swakarsa - - 43.518 - - 0,03%
Intiwatana Industries SRL - 37.508 37.508 - 0,02% 0,02%
Jumlah/ Total - 37.508 622.686 0,00% 0,02% 0,36%

72
PT Pan Brothers Tbk dan Entitas Anak PT Pan Brothers Tbk and Subsidiaries
Catatan atas Laporan Keuangan Konsolidasian Notes to the Consolidated Financial Statements
31 Desember 2013, 2012 dan 1 Januari 2012 December 31, 2013, 2012 and January 1, 2012
(Dalam Dollar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise stated )

33. Transaksi dengan pihak berelasi - lanjutan 33. Transactions with related parties - continued
Persentase terhadap total aset/kewajiban/
pendapatan/beban yang bersangkutan
Percentage of total assets/liabilities/revenue
/expense (for the current period)
Des 2013/ Des 2012/ 1 Jan 2012/ Des 13/ Des 12/ 1 Jan 12/
Dec 2013 Dec 2012 Jan 2012 Dec 2013 Dec 12 Jan 12

Piutang tidak lancar/


Non current receivables
HLT Holdings Ltd 2.440.019 2.440.019 2.440.805 1,04% 1,17% 1,40%
HLT Italy 5.600 5.600 5.600 0,00% 0,00% 0,00%
Intiwatana Holding NV 10.000 10.000 10.000 0,00% 0,00% 0,01%
Intiwatana Industries SRL 1.900 1.900 1.911 0,00% 0,00% 0,00%
Hollitech International B.V 16.929 16.929 16.929 0,01% 0,01% 0,01%
PT Hollitech Indonesia 47.914 47.914 47.914 0,02% 0,02% 0,03%
Taeyung - 1.327.360 1.416.852 0,00% 0,64% 0,81%
Continent 8 Pte Ltd - - 10.377 0,00% 0,00% 0,01%
Lain-lain/others - 18.434 - 0,00% 0,01% 0,00%
Karyawan/Employee 563.505 319.663 183.669 0,24% 0,15% 0,11%
Sub jumlah/ Sub total 3.085.867 4.187.819 4.134.057 1,32% 2,01% 2,38%
Cadangan kerugian penurunan nilai/
allowance for impairment (1.000.000) (1.000.000) (1.000.000) -0,43% -0,48% -0,58%

Jumlah/ Total 2.085.867 3.187.819 3.134.057 0,89% 1,53% 1,80%

Utang usaha pada pihak berelasi/


Trade payables to related parties :
PT Supra Busanayasa 91.397 85.188 126.867 0,04% 0,04% 0,07%
PT Panca Plazaindo Textile - 128.765 4.590 0,00% 0,06% 0,00%
Jumlah/ Total 91.397 213.953 131.457 0,04% 0,10% 0,08%
Utang lain-lain pada pihak berelasi/
Other payables to related parties
Dividen / dividend 47.956 41.595 43.028 0,00% 0,02% 0,02%
Jumlah/ Total 47.956 41.595 43.028 0,00% 0,02% 0,02%

Hutang dividen per tanggal 31 Desember 2013 dan 31 Desember 2012 Dividend payable as of December 31, 2013 and December 31, 2012
berasal dari pembagian dividen berdasarkan akta No. 30 tanggal 15 Mei derived from the distribution of dividend based on notarial deed No. 30
2012 notaris Fathiah Helmi, S.H, di Jakarta tentang RUPS Tahunan PT dated May 15, 2012 notary Fathiah Helmi, S.H, in Jakarta about "Annual
Pan Brothers Tbk yang menyatakan bahwa Perusahaan membagikan shareholder meeting of PT Pan Brothers Tbk" which stated that Company
dividen tunai sebesar Rp 1 per saham dengan total nilai USD 333.754. will distribute dividend Rp1 per shares with total amount USD 333.754.
Hutang dividen per tanggal 1 Januari 2012 berasal dari pembagian Dividend payable as of Janua