PLN Financial Loss
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| PLN Financial Loss are estimated around Rp30,9 trillion. |
PLN's finance director Setio Anggoro Dewo, said the company lose up Rp30,9 trillion over the past year. "This is due to a foreign exchange loss due to debts of PLN dominated by currency," said Dewo a working meeting with the House Energy committee, on Monday (10/2) in Jakarta.
According to him, the company gains a little bit because 30 percent of the total debt of PLN dominated foreign currency debt. "Debt in foreign currency such loans from ADB, the World Bank, other institutions of the state just as JICA, JIBC, and the banks of the French AFD, including global bonds. It all depends on the dynamics of the exchange rate, "he told tempo.co.
Long-term debt by the end of 2013 PLN reach Rp220 trillion (unaudited). The company's total debt reached Rp466 trillion as of December 31, 2013 (unaudited).
Dewo said actual operating profit of the company has continued to improve in the last five years. In 2008, labayang obtained only Rp 3.6 trillion. But profits increased in subsequent years, to Rp18.4 trillion (2009), RP20,7 trillion (2010), Rp22,4 trillion (2011), and Rp34,7 trillion (2013). As for this year the company aims to reach Rp41 trillion advantage.
Unfortunately, despite increasing operating profit, net profit of the company did not show better performance. In 2008, PLN even lose IDR12.3 trillion. But in 2009, the company had received a net profit Rp14,6 trillion.
Only after 2009, the company's net profit decline to Rp10.3 trillion, Rp5.4 trillion (2011), 3.2 trillion (2012), and dropped to Rp30,9 trillion in 2013. "That's the dynamics of the exchange rate, but we are targeting 2014 net profit to reach Rp11.3 trillion," he said.
However, the company's revenue has increased. In 2013, operating revenues estimated at Rp258 trillion, higher than the previous year amounting to Rp233 trillion. The operating expenses also increased to Rp 223 trillion, from Rp 203 trillion.
The realization of the reality of electricity sales also remained below predictions. The reason is that economic growth in 2013 was not in accordance with government expectations. "Usually the electricity sales growth was 1.5 times of economic growth," said President Director of PLN, Nur Pamudji.
Nur said all sold only 2013 PLN 188.1 TWh of electricity, lower than the target of 189.7 TWh. Nevertheless, he still mamatok sales target 204.6 TWh of electricity in 2014, as agreed with the House Energy Committee.
Assets and PLN in 2013 reached Rp 604 trillion. While the company's equity was reduced to RP 138 trillion, also due to foreign exchange losses amounting to Rp30 trillion. The cost of electricity production (BPP) was Rp 1,338 per kilowatt hour (kWh) and the cost of non-fuel Rp211,3 / kWh.
PLN Director Praises House of Representatives
Commission VII of the House Energy Sector, yesterday held a working meeting with PLN. The meeting, which started at 15.00 pm is scheduled to evaluate the company's performance in 2013 and 2014 work plan.PLN president director Nur Pamudji in his presentation had three times the energy commission praised the performance, which also supports the performance improvement of PLN. Praise first started when Nur Pamudji said electrification ratio in 2013 exceeded 80 percent achievement. "This is the first time, and all because of Commission VII," he said.
According to Nur, the Energy Commission has supported so that PLN in providing sufficient funds for investment in rural networks and urban networks. "Of funds that increase the electrification ratio is derived," he said.
Nur returned praised Commission VII when calling PLN success in increasing the number of subscribers. By the end of 2013, PLN could serve 53.6 million customers, an increase of 4 million subscribers over the previous year. Increased customer is again due to an increase in the budget for investment.
"Compared to four years ago, the increase only up to 2 million subscribers. If in these years, as long as we interact with Commission VII, investment funds provided by the relatively loose, so customers can be served to multiply, "said Nur.
Compliments to the commission last raised Nur Sutan Bhatoegana leadership was related achievements energy mix. In 2013, PLN can reduce the use of fuel for power generation to 12.3 percent from 15 percent the previous year. Instead, PLN can use gas, which increased to 24 percent from 23.4 percent the previous year.
"The increase in outstanding for gas. Thanks for the Commission VII because it has been allocated gas to PLN 400 TBTU translucent. This year instead become 431 TBTU."
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