Based on the above data, the operating profit exceeded the target by 101.89%, as well as the income for the year after the effect merging entity’s income exceeded the target by 101.95%. The achievement of the profit target was due to the construction revenues and operating revenues achievements.
Construction revenues reached 110.67% of the 2021 RKAP, mainly due to the Cibitung-Cilincing toll road concession. In addition, operating revenues reached 100.39% mainly due to an increase in container traffic, vessel traffic, non-container goods traffic, and miscellaneous revenues as follows:
The increase in container traffic occurred due to the recovery in domestic and international container shipping, including the increase in container traffic at PT IPC Terminal Petikemas (IPC TPK) Tanjung Priok 1, the increase in international container traffic in Teluk Lamong, the increase in domestic container traffic in Lembar, Kendari, Kumai, Sampit, and Gorontalo, the increase in domestic and international container traffic at the Semarang Container Terminal, and the increase in domestic container traffic at the Banjarmasin Container Terminal, Jamrud Terminal, and Nilam Mirah Terminal. The increase in container traffic was also due to increasing international and domestic container services in 2021 which is higher than in 2020;
This increase in ship traffic also increased the pilotage services, towing services, and mooring services. The increase in ship traffic was mainly due to the increase in Roro ship visits at the Tanjung Wangi Branch Public wharf, Lembar Branch, and Jamrud Terminal as well as increased non-fuel liquid bulk vessel activities at Gresik Branch TUKS;
The increase in non-container good traffic was due to, an increase in cargo unloading activities at Teluk Lamong Terminal, an increase in unloading fertilizer and clinker commodities at PT Berlian Jasa Terminal Indonesia, an increase in loading and unloading vehicles at PT Indonesia Vehicle Terminal Tanjung Priok, adding a new route for RORO ships from Tanjung Wangi to Gilimas that increased animal loading and unloading at Jamrud Terminal and Kalimas Terminal; and
The increase in miscellaneous income was due to an increase in health services during the pandemic, and the production for loading and unloading equipment.
OF TARGETS AND CAPITAL STRUCTURE REALIZATION
In 2021, Pelindo’s capital structure composition was 63.82% from liabilities, and 36.18% from equity. A comparison of targets and realization of capital structure in 2021 is presented as follows.
