AR_Pertamina_2016.pdf - 2016 Laporan Tahunan Annual Report...

This preview shows page 1 out of 710 pages.

Unformatted text preview: 2016 Laporan Tahunan • Annual Report Embracing Change, Leveraging Challenges Merangkul Perubahan, Mendayagunakan Tantangan The declining world oil price has brought a great change into the global economic and impacted on decelerated performance of the world’s corporations. Pertamina interprets each challenge as part of a business dynamic that encourages us to be more resilient, more agile DQGPRUHHIèFLHQWLQIDFLQJWKRVHFKDQJHV,QWKHXSVWUHDPVHFWRU the low oil price becomes an opportunity to continue to expand, including acquisition of international oil and gas blocks to secure the supply of crude oil as an effort to support national energy security. ,QWKHGRZQVWUHDPVHFWRU3HUWDPLQDFRQWLQXHVWRUHYLWDOL]HDQGWR EXLOGQHZUHèQHULHVWRSURGXFHTXDOLW\SURGXFWVDWWKHPRVWRSWLPDO SURGXFWLRQFRVWV2SHUDWLRQDOH[FHOOHQFHVXSSRUWHGE\HIèFLHQF\DQG LQFUHDVHGYDOXHDGGHGWKURXJKEUHDNWKURXJKSURMHFWLQLWLDWLYHVKDV JHQHUDWHGVLJQLèFDQWSHUIRUPDQFHFRQWULEXWLRQRIERWKXSVWUHDP DQGGRZQVWUHDPVHFWRUVDVZHOODVèQDQFLDOUHVXOWVWKDWH[FHHGRXU expectations. :LWKLPSURYLQJèQDQFLDOVWUXFWXUH3HUWDPLQDKDVFRQWLQXHGLWV XSVWUHDPLQYHVWPHQWSURFHVVLQJDQGGHYHORSPHQWRIGRZQVWUHDP infrastructure to sustain long-term growth. With its competence and H[SHULHQFH3HUWDPLQDLVFRQèGHQWWRPRYHIRUZDUGWRUHDOL]HWKH YLVLRQWREHFRPHDZRUOGFODVVQDWLRQDOHQHUJ\FRPSDQ\ Pertamina Highlights 2016 Company Profile Business Support Management’s Discussion and Analysis Corporate Governance Corporate Social Responsibility Financial Report Other Information 1 Embracing Change, Leveraging Challenges Merangkul Perubahan, Mendayagunakan Tantangan Penurunan harga minyak dunia telah membawa perubahan besar dalam tatanan ekonomi global dan berimbas pada perlambatan kinerja seluruh korporasi dunia. Pertamina memaknai setiap tantangan sebagai bagian dari dinamika usaha yang mendorong XQWXNOHELKWDQJJXKOHELKWDQJNDVGDQOHELKHͤVLHQGDODP menghadapi perubahan. Di sektor hulu, rendahnya harga minyak menjadi peluang untuk terus berekspansi mengakuisisi blok-blok migas internasional untuk mengamankan pasokan minyak mentah sebagai upaya mendukung ketahanan energi nasional. Di sektor hilir, kami terus melakukan revitalisasi kilang untuk menghasilkan produk EHUNXDOLWDVGHQJDQELD\DSURGXNVL\DQJSDOLQJHͤVLHQ.HXQJJXODQ RSHUDVLGLGXNXQJROHKXSD\DHͤVLHQVLGDQSHQLQJNDWDQQLODLWDPEDK melalui inisiatif-inisatif breakthrough project, telah menghasilkan NRQWULEXVLNLQHUMD\DQJVLJQLͤNDQGDULVHNWRUKXOXGDQKLOLUVHUWD memberikan dampak keuangan yang melampaui ekspektasi. Dengan struktur keuangan yang semakin membaik, Pertamina terus melanjutkan kegiatan investasi hulu dan pengolahan serta pengembangan infrastruktur hilir migas untuk menjaga pertumbuhan jangka panjang. Dengan kompetensi dan pengalaman yang dimiliki, Pertamina percaya diri melangkah ke depan meraih visi menjadi perusahaan energi nasional kelas dunia. PERTAMINA Laporan Tahunan 2016 Annual Report 2 Kesinambungan Tema Continuity of Themes 2014 Menginspirasi Indonesia, Mendunia 2012 2013 Entrusted with the New Energy Towards Global Recognition Ungkapan ‘Entrusted with the New Energy’ lebih dari sekedar merujuk pada energi baru dan terbarukan - meskipun Pertamina tengah berupaya mengembangkan sumber-sumber energi tersebut di Indonesia saat ini. Ungkapan tersebut juga mencerminkan bagaimana perkembangan dan kemajuan di internal Pertamina selama tahun 2012 telah memberikan ‘energi baru’ bagi kami untuk mencapai akselerasi pertumbuhan yang berkelanjutan ke depan. Selain itu, sebagai National Oil Company (NOC), Pertamina memang dipercaya untuk menjaga kemandirian energi nasional sebuah amanat yang semakin nyata bersama dengan langkah-langkah Pertamina menuju visinya menjadi ‘Perusahaan Energi Kelas Dunia’ dan ‘Asia Energy Champion’ di tahun 2025. Pada tahun 2013, Pertamina berhasil membukukan peningkatan kinerja secara keseluruhan, termasuk beberapa pencapaian dan kemajuan yang semakin mengukuhkan keberadaan Pertamina di mata dunia, semakin mendekatkan Pertamina pada aspirasi Asian Energy Champion 2025, dan berperan aktif dalam mendukung bangsa dan negara Indonesia berdiri sejajar dengan negara-negara maju di dunia. Entrusted with the New Energy Towards Global Recognition The theme ‘Entrusted with the New Energy’ does not refer just to new and renewable energy although Pertamina is serious about developing those sources of energy in Indonesia. Rather, it also illustrates how internal developments and progress throughout 2012 have injected Pertamina with ‘new energy’ towards accelerated and sustainable growth going ahead. It also means that, as Indonesia’s National Oil Company (NOC), Pertamina is indeed entrusted with safeguarding the nation’s energy selfsufficiency - a mission that is being achieved as Pertamina moves nearer its vision of becoming a World-Class Energy Company and Asia Energy Champion by 2025. In 2013, Pertamina succeeded in posting overall improvement in its performance, including a number of achievements and progress that have strengthened our standing at the international communities, bringing us ever closer to our aspirations of Asian Energy Champion 2025, and taking an active role in elevating the people and nation of Indonesia to stand among the ranks of developed countries in the world. Tema Laporan Tahunan Pertamina tahun 2013, “Towards Global Recognition”, menggambarkan pencapaian prestasi serta inisiatif Pertamina dalam menerapkan strategi bisnisnya sehingga mampu mendapatkan kepercayaan dan pengakuan dunia internasional. The theme of Pertamina’s 2013 Annual Report, “Towards Global Recognition”, reflects on our business initiatives as well as progress and achievement during the year that have earned recognition at the international level. PERTAMINA Laporan Tahunan 2016 Annual Report Saat menjalani tahun 2014, Pertamina menghadapi berbagai tantangan, mulai dari dampak negatif akibat turunnya harga minyak mentah dunia sampai terbatasnya ruang pertumbuhan akibat perubahan politik, kebijakan pemerintah, dan birokrasi perijinan. Namun demikian, sebagai sebuah perusahaan kelas dunia, Pertamina mampu mengelola tantangan menjadi sebuah kesempatan, dan tetap kokoh berdiri sebagai sebuah Perusahaan milik Negeri yang memberikan inspirasi bagi Indonesia. Pertamina konsisten menerapkan strategi pertumbuhan “aggressive upstream, profitable downstream“, dengan penekanan pada efisiensi dan optimalisasi produksi serta penguatan kinerja tata kelola perusahaan yang baik (GCG). Kami mengangkat tema “Inspiring Indonesia to the World“ pada Laporan Tahunan 2014 untuk mengiringi laju pergerakan isu energi global dan berbagi inspirasi sebagai penyedia energi. Tentunya, langkah ini perlu didukung oleh semua pemangku kepentingan untuk bersama mengatasi tantangan, mengelola kesempatan, dan berbagi pembelajaran menuju pentas energi internasional. Inspiring Indonesia to The World In 2014, like other oil and gas companies, Pertamina faced a number of challenges. The political dynamics in the Middle East and the decline in oil prices negatively impacted many corporations, including Pertamina. Pertamina’s room for growth was also limited by other factors such as political changes, government policies, and bureaucratic licensing. However, Pertamina was able to manage all these challenges and stands strong as the Nation’s enterprise providing inspiration for Indonesia. Pertamina consistently implemented the “aggressive upstream, profitable downstream“ growth strategy, with emphasis on efficiency and production optimization as well as the strengthening of GCG. The theme of “Inspiring Indonesia to the World” in Annual Report 2014 was chosen to convey the moving-forward of global energy issues and to inspire others as an energy provider. Obviously, this step needs to be supported by all stakeholders to jointly address the challenges, manage opportunities, and share lessons learned on the international energy stage. Pertamina Highlights 2016 Company Profile Business Support Managements Discussion and Analysis Corporate Governance Corporate Social Responsibility Financial Report Other Information 3 2015 Memperbaharui Semangat, Memperkuat Komitmen Terpuruknya harga minyak mentah dunia sejak awal tahun 2015 memberikan tantangan berat bagi perusahaanperusahaan di sektor migas tidak terkecuali Pertamina. Untuk menopang stabilitas perusahaan di tengah kondisi tersebut, Pertamina mencanangkan program 5 prioritas strategis yang terdiri dari pengembangan sektor hulu, efisiensi di semua lini, peningkatan kapasitas kilang dan petrokimia, pengembangan infrastruktur dan marketing, serta perbaikan struktur keuangan. Melalui berbagai inisiatif breakthrough project di kelima aspek prioritas strategis yang dicanangkan, Pertamina mampu menutup tahun 2015 dengan membukukan kinerja yang cukup memuaskan baik dari operasional, finansial maupun non finansial. Tahun 2015 dengan demikian menjadi tahun pembuktian bagi Pertamina bahwa kondisi krisis tidak menyurutkan semangat, namun justru membulatkan tekad di seluruh jajaran Perseroan untuk berjuang lebih keras dalam komitmen bersama mewujudkan kemandirian energi bagi bangsa dan negara Indonesia. Reenergizing Spirit, Strength ening Commitments The sharp decline in global crude prices since early 2015 presented considerable challenges to oil and gas companies including Pertamina. To maintain operational stability in those challenging times, Pertamina embarked on the 5 Strategic Priorities program: expansion in upstream, efficiencies at all lines of activity, increasing refinery capacity, development of infrastructure & marketing, and improvement of financial structure. With breakthrough project initiatives in the 5 Strategic Priorities, Pertamina was able to show satisfactory performance in 2015 in terms of operations, financial and non-financial. The year 2015 was thus a successful proving ground for Pertamina: notwithstanding the crisis situation, our fighting spirit remained undaunted throughout the organization, strengthening our resolve to strive ever harder towards our common commitments in ensuring energy self-sufficiency for the benefit of the people and nation of Indonesia. 2016 Merangkul Perubahan, h M Mendayagunakan d kan Tantangan Penurunan harga minyak dunia telah membawa perubahan besar dalam tatanan ekonomi global dan berimbas pada perlambatan kinerja seluruh korporasi dunia. Pertamina memaknai setiap tantangan sebagai bagian dari dinamika usaha yang mendorong untuk lebih tangguh, lebih tangkas dan lebih efisien dalam menghadapi perubahan. Di sektor hulu, rendahnya harga minyak menjadi peluang untuk terus berekspansi mengakuisisi blokblok migas internasional untuk mengamankan pasokan minyak mentah sebagai upaya mendukung ketahanan energi nasional. Di sektor hilir, kami terus melakukan revitalisasi kilang untuk menghasilkan produk berkualitas dengan biaya produksi yang paling efisien. Keunggulan operasi didukung oleh upaya efisiensi dan peningkatan nilai tambah melalui inisiatif-inisatif breakthrough project, telah menghasilkan kontribusi kinerja yang signifikan dari sektor hulu dan hilir serta memberikan dampak keuangan yang melampaui ekspektasi. Dengan struktur keuangan yang semakin membaik, Pertamina terus melanjutkan kegiatan investasi hulu dan pengolahan serta pengembangan infrastruktur hilir migas untuk menjaga pertumbuhan jangka panjang. Dengan kompetensi dan pengalaman yang dimiliki, Pertamina percaya diri melangkah ke depan meraih visi menjadi perusahaan energi nasional kelas dunia. Embracing Change, Leveraging Challenges The declining world oil price has brought a great change into the global economic and impacted on decelerated performance of the world’s corporations. Pertamina interprets each challenge as part of a business dynamic that encourages us to be more resilient, more agile and more efficient in facing those changes. In the upstream sector, the low oil price becomes an opportunity to continue to expand, including acquisition of international oil and gas blocks to secure the supply of crude oil as an effort to support national energy security. In the downstream sector, Pertamina continues to revitalize and to build new refineries to produce quality products at the most optimal production costs. Operational excellence supported by efficiency and increased value added through breakthrough project initiatives, has generated significant performance contribution of both upstream and downstream sectors as well as financial results that exceed our expectations. With improving financial structure, Pertamina has continued its upstream investment, processing and development of downstream infrastructure to sustain long-term growth. With its competence and experience, Pertamina is confident to move forward to realize the vision to become a world-class national energy company. PERTAMINA Laporan Tahunan 2016 Annual Report 4 Daftar Isi Contents 1 Pertamina Highlights 2016 1 2 4 8 9 11 12 14 16 18 22 26 28 30 36 37 44 58 61 62 80 86 Merangkul Perubahan, Mendayagunakan Tantangan Embracing Change, Leveraging Challenges Kesinambungan Tema Continuity of Themes Daftar Isi Contents 5 Prioritas Strategis Pertamina 5 Pillars of Strategic Priorities Pencapaian berdasarkan 5 Prioritas Strategis Pertamina Result of 5 Pillars of Strategic Priorities Inisiatif 2016 Initiatives in 2016 Rencana Jangka Panjang Perusahaan Long-term Corporate Plan 10 Keunggulan Pertamina 10 Pertamina Excellences Peran Pertamina dalam Kemandirian Energi Nasional Our Role in Supporting Indonesian Energy and Economy Independence Ikhtisar Kinerja Keuangan Financial Performance Highlights Ikhtisar Kinerja Operasional Operational Perfomance Highlights Ikhtisar Kinerja Obligasi Bonds Perfomance Highlights Informasi Saham Share Information Penghargaan 2016 2016 Awards Sertifikasi 2016 2016 Certification Peristiwa Penting Event Highlights Laporan Dewan Komisaris Board of Commissioners’ Report Profil Dewan Komisaris Board of Commissioners’ Profile Profil Mantan Komisaris Former Commissioner’ Profile Laporan Direksi Board of Directors’ Report Profil Direksi Board of Directors’ Profile Pernyataan Direksi dan Dewan Komisaris tentang Tanggung Jawab atas Laporan Tahunan 2016 PT Pertamina (Persero) Statement of the Board of Directors’ and the Board of Commissioners’ Responsibility on PT Pertamina (Persero)’s Annual Report 2016 88 %QORCP[2TQƒNG 90 92 94 96 97 98 99 99 100 102 104 106 108 110 111 114 117 118 120 124 Identitas Perusahaan Corporate Identity Pertamina dari Waktu ke Waktu Pertamina Record of Events Sejarah Perusahaan Company History Visi, Misi, Tujuan dan Tata Nilai Vision, Mission, Goals and Values Tata Nilai Unggulan 6C The 6C Excellent Values Budaya Pertamina Pertamina Culture Makna Logo Meanings of the Logo Makna Tagline Meanings of the Tagline Kegiatan Usaha Terintegrasi Pertamina Pertamina Integrated Business Activities Bidang Usaha Business Activity Produk dan Jasa Products and Services Struktur Grup Perusahaan Company’s Group Structure Struktur Organisasi Organizational Structure Pejabat Senior Senior Officers Direktur Utama Anak Perusahaan President Director of Subsidiaries Daftar Entitas Anak List of Subsidiaries Lembaga Profesi Penunjang Perusahaan Supporting Institutions of Profession to the Company Website Pertamina Pertamina’s Website Alamat Perwakilan, Cabang, dan Anak Perusahaan Address of Representative, Branches, and Subsidiaries Business Support 126 143 146 150 154 Fungsi Sumber Daya Manusia Human Resources Function Fungsi Asset Management Asset Management Function Fungsi Corporate Shared Service Corporate Shared Service Function Fungsi Quality System and Knowledge Management Quality System and Knowledge Management Function Pengadaan Procurement Catatan untuk Pembaca Laporan Note to Readers of the Report • Tabel, grafik, dan infografik pada laporan ini memaparkan data numerik dengan notasi Bahasa Inggris. • In all tables, graphs, and info graphs presenting numeric data, the English notation is used. PERTAMINA Laporan Tahunan 2016 Annual Report Pertamina Highlights Pertamina Highlights2016 2016 Company Prole %QORCP[2TQƒNG Business Support Business Support Management’sDiscussion Discussion and Analysis Management’s and Analysis Corporate Corporate Governance Governance Corporate Social SocialResponsibility Responsibility Corporate Financial Report Report Financial Other Information Other Information 158 Management Discussion and Analysis 160 TINJAUAN INDUSTRI DAN FAKTOR EKSTERNAL EXTERNAL FACTORS AND INDUSTRIAL REVIEW 174 TINJAUAN KINERJA USAHA BUSINESS PERFORMANCE REVIEW 178 Kinerja Sektor Hulu Upstream Business Sector 196 Kinerja Sektor Gas, Energi Baru dan Terbarukan Performance of Gas, New and Renewable Energy Sector 206 Kinerja Sektor Pengolahan Performance of Refinery Sector 222 Kinerja Sektor Pemasaran Performance of Marketing Sector 264 Target 2017 Target 2017 265 Kemampuan Membayar Utang dan Tingkat Kolektabilitas Piutang Solvency and Receivables Collectibility Rate 266 Struktur Modal dan Kebijakan Manajemen atas Struktur Modal Capital Structure and Management Policy on Capital Structure 268 Ikatan Material untuk Investasi Barang Modal Material Commitments for Capital Expenditure 269 Investasi Barang Modal yang Direalisasikan pada Tahun Buku Terakhir Capital Expenditure Realized in Current Financial Year 270 Informasi dan Fakta Material yang Terjadi setelah Tanggal Laporan Akuntan Subsequent Events 230 Lini Bisnis Aviasi Aviation Business Line 272 Kebijakan Dividen Dividend Policy 233 Lini Bisnis Perkapalan Shipping Business Line 273 241 Integrated Supply Chain Integrated Supply Chain Program Kepemilikan Saham oleh Karyawan dan/atau Manejemen Employee and/or Management Stock Ownership Program (ESOP/MSOP) 243 Optimasi Margin Hilir Downstream Margin Optimization 273 Penggunaan Dana Hasil Penawaran Umum Realization of Use of Proceeds from Public Offering 245 Kinerja Anak Perusahaan Subsidiary Report 273 Informasi Material Mengenai Investasi, Ekspansi, Divestasi, Penggabungan/Peleburan Usaha, Akuisisi atau Restrukturisasi Utang/Modal Material Information On Investment, Expansion, Divestment, Business Merger/ Consolidation, Acquisition, or Debt/Capital Restructuring 275 Informasi Transaksi Material yang Mengandung Benturan Kepentingan dan/atau Transaksi dengan Pihak Afiliasi Material Transaction Involving Conflict of Interest and/ or Affiliated-Party Transaction 276 Transaksi Penting Lainnya dalam Jumlah Signifikan Other Material Transaction with Significant Amount 276 Perubahan Peraturan Perundang-Undangan yang Berpengaruh Signifikan terhadap Perseroan Changes in the Laws and Regulations with Significant Impact on the Company 278 Perubahan Kebijakan Akuntansi yang Diterapkan Perseroan pada Tahun Buku 2016 Changes in Accounting Policies Applied by the Company in Financial Year 2016 278 Ketaatan sebagai Wajib Pajak Tax Compliance 246 TINJAUAN KINERJA KEUANGAN FINANCIAL PERFORMANCE REVIEW 248 Pembahasan Kinerja Keuangan Discussion on Financial Performance 249 Analisa atas Laporan Laba Rugi Statement of Profit or Loss Analysis 249 Penjualan dan Pendapatan Usaha Lainnya Sales and Other Operating Revenues 252 Beban-Beban Expenses 254 Laba (Rugi) Profit (Loss) 255 Analisa atas Laporan Posisi Keuangan Statement of Financial Position Analysis 255 Aset Assets 257 Liabilitas Liabilities 260 Ekuitas Equity 261 Analisa atas Laporan Arus Kas Statement of Cash Flow Analysis 279 Prospek Usaha Business Prospects 262 Rasio-Rasio Keuangan Financial Ratios 282 Aspek Pemasaran Marketing Aspect 264 Pencapaian Target 2016 Targets Achievement in 2016 287 Kelangsungan Usaha Business Continuity Peringatan atas Pernyataan-Pernyataan mengenai Masa Depan Dalam dokumen ini mungkin terdapat rencana, proyeksi, strategi dan tujuan Perseroan tertentu, yang bukan merupakan pernyataan fakta historis dan perlu dipahami sebagai pernyataan mengenai masa depan. Pernyataan mengenai masa depan tergantung pada risiko dan ketidakpastian...
View Full Document

  • Fall '14

{[ snackBarMessage ]}

Get FREE access by uploading your study materials

Upload your study materials now and get free access to over 25 million documents.

Upload now for FREE access Or pay now for instant access
Christopher Reinemann
"Before using Course Hero my grade was at 78%. By the end of the semester my grade was at 90%. I could not have done it without all the class material I found."
— Christopher R., University of Rhode Island '15, Course Hero Intern

Ask a question for free

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern