Page 695 - Demo

The original consolidated financial statements included hereinare in the Indonesian language.PT PERTAMINA HULU ENERGI DAN ENTITAS ANAK/AND SUBSIDIARIES Lampiran 5/15 ScheduleCATATAN ATAS LAPORAN KEUANGANKONSOLIDASIAN31 DESEMBER 2020(Dinyatakan dalam ribuan dolar AS, kecuali dinyatakan lain)NOTES TO THE CONSOLIDATEDFINANCIAL STATEMENTSDECEMBER 31, 2020(Expressed in thousands of US dollars,unless otherwise stated)2. KESEPAKATAN KONTRAK MINYAK DAN GASBUMI (lanjutan)2. OIL AND GAS CONTRACT ARRANGEMENTS(continued)b. Kontrak Gross Split (%u201cGross Split%u201d) b. Gross Split Contracts (%u201cGross Split%u201d)Pada tanggal 13 Januari 2017, Peraturan MenteriEnergi dan Sumber Daya Mineral No. 08/2017tentang ketentuan-ketentuan pokok Kontrak BagiHasil Tanpa Mekanisme Pengembalian BiayaOperasi atau disebut sebagai KBH Gross Splitditerbitkan.Selanjutnya, pada tanggal 29 Agustus 2017,terdapat Peraturan Menteri Energi dan SumberDaya Mineral No. 52/2017 tentang Perubahanatas Peraturan Menteri Energi dan Sumber DayaMineral No. 08/2017 tentang KBH Gross Split.On January 13, 2017, the regulation of the Ministerof Energy and Mineral Resources No. 08/2017regarding principles of the Production SharingContract without Cost Recovery Mechanism, alsoknown as Gross Split PSC was issued.Furthermore, On August 29, 2017 the regulation ofthe Minister of Energy and Mineral ResourcesNo. 52/2017 for amandment of the regulation of theMinister of Energy and Mineral ResourcesNo. 08/2017 related with PSC Gross Split.Dalam KBH Gross Split, hasil produksi minyakdan gas bumi dibagi antara Pemerintah Indonesiadan Kontraktor berdasarkan 4 kriteria sebagaiberikut:1. Base Split2. Variable Split3. Progressive Split4. Diskresi MenteriIn Gross Split PSC the sharing of oil and gasproduction between the Government of Indonesiaand the Contractors is based on the following 4criterias:1. Base Split2. Variable Split3. Progressive Split4. Ministry DiscretionPemerintah juga telah mengatur hal-hal terkaitKBH Gross Split sebagai berikut :i. Rezim pajak yang berlaku untuk KBH GrossSplit adalah sesuai dengan ketentuanperundang-undangan di bidang pajakpenghasilan;ii. Kontraktor KBH Gross Split diwajibkanmengganti biaya investasi yang dikeluarkanoleh kontraktor KBH lama yang belummendapatkan penggantian;iii. Aset minyak dan gas bumi dari KBH lamayang dimiliki oleh Direktorat JenderalKekayaan Negara (%u201cDJKN%u201d) akan digunakanoleh kontraktor KBH Gross Split denganskema sewa.iv. Sewa dikenakan atas aset minyak dan gasbumi yang digunakan dan sudah costrecovery, kemudian nilai wajarnya dihitungberdasarkan Standar Penilaian Indonesiaoleh Penilai Publik, dikalikan tarif sewa yangditetapkan oleh DJKN.The Government has also arranged matters relatedto Gross Split PSC as folloi. The tax regime applicable to the Gross SplitPSC is in accordance with the provisions of theincome tax law;ii. The contractors of Gross Split PSC mustreimburse unrecovered investment costs to theold PSC contractors;iii. The oil and gas assets of the old PSC which arenow owned by the Directorate General of StateAssets (%u201cDJKN%u201d) are used by the Gross SplitPSC contractors based on lease scheme.iv. Leases are imposed on oil and gas assets thatare used and fully recovered, then the fair valueis appraised based on the Indonesian AppraisalStandard by the Public Appraiser, multiplied bythe rental rate set by DJKN.Tata Kelola Perusahaan yang BaikGood Corporate GovernanceTanggung Jawab Sosial PerusahaanCorporate Social ResponsibilityLaporan Keuangan KonsolidasianConsolidated Financial ReportPT Pertamina Hulu Energi2020 Laporan Tahunan TerintegrasiIntegrated Annual Report 695