Daftar Isi

FINANCIAL REVIEW

Vehicles

Investments in vehicles in 2021 was Rp4.10 billion, a decrease of 61.08% or Rp6.44 billion compared to Rp10.55 billion in 2020. This decrease was due to the procurement of fire trucks for the Kumai Port Branch and the procurement of 1 fire engine for the Panjang Port Branch.

Emplacement

Investments in emplacements in 2021 was Rp36.85 billion, an increase of 74.55% or Rp15.74 billion compared to Rp21.11 billion in 2020. This increase was due to an increase in investment absorption for:

Flood handling work at Tanjung Emas Port;
Work on the procurement and installation of WWTPs at the Makassar TPK, Ambon Port Branch and Sorong Port Branch; and
Construction of Reception Facilities at Balikpapan, Bitung, Sorong and Tarakan Port Branches.

Non Physical Investment

Non-physical investments in 2021 amounted to Rp89.85 billion, a decrease of 24.16% or Rp28.62 billion compared to Rp118.48 billion in 2020. This decrease was due to:

Preparation of Environmental Documents for Development of Tanjung Balai Asahan and Kuala Tanjung Ports in Regional 1;
Development of back office support system (Head Office and Regional 2); and
Development for digitization of Regional Terminal 2.

Interest Capitalization

Investment interest capitalization in 2021 was Rp351.54 billion, an increase of 31.20% or Rp83.59 billion compared to Rp267.95 billion in 2020.

CAPITAL GOODS INVESTMENTS PURPOSE

From the strategic directives and initiatives prepared for 2021, PT Pelabuhan Indonesia (Persero) must carry out investment activities to close the gap in the capacity and capability of PT Pelabuhan Indonesia (Persero) between the existing conditions and the aspirations PT Pelabuhan Indonesia (Persero) wants to achieve. The amount of investment required consists of three investment types, namely investments related to strategic initiatives, routine investments (business as usual), and investments for the Company’s strategic projects. Routine investments are required to meet minimum requirements, improve work safety and security, and support administrative objectives. PT Pelabuhan Indonesia (Persero) will continue to conduct investment programs, including terminal construction. Existing investments will also be prioritized for the development of the Company’s Strategic Projects.