Pengembangan keahlian dan teknologi untuk melakukan penetrasi usaha pada pasar pemboran ...

115 Pages·2008·4.09 MB·English

STRATEGI JANGKA PANJANG
Long Term Strategy
Fokus pada ciri keunggulan penyediaan jasa
01\
hulu migas terintegrasi.
Focus on providing excellent integrated upstream oil
and gas services.
Peningkatan kompetensi perseroan di bidang
02\
seismic marine dan transition zone market.
Enhance core competences on seismic marine and
transition zone market.
Pengembangan keahlian dan teknologi untuk
melakukan penetrasi usaha pada pasar
03\
pemboran sumur dalam dan lepas pantai.
Develop skills & technology to access deep well &
offshore drilling.
Perluasan pangsa pasar dan diversifikasi
04\
konsumen yang beragam.
Expand market share and diversifying customers
base.
Akuisisi kontrak jangka panjang dengan
05\
sistem manajemen risiko yang terpadu.
Focus on acquisition of long-term contracts, while
applying integrated risk management system.
Optimalisasi penggunaan aset operasional
06\ dan pengembangan aliansi strategis.
Optimizing the utilization of operational assets and
continous development of strategic alliances.
Memastikan implementasi dari corporate
governance practices dan komitmen pada
07\
standar keselamatan kerja
Ensuring the implementation of corporate
governance practices and commitment to safety
standard.
Secara konsisten melakukan peningkatan
08\
kompetensi sumber daya manusia.
Consistently upgrading the human resource
competence.
VISI VISION
MENJAdI PERuSAhAAN KELAS duNIA To become a world class
KEbANGGAAN NASIONAL, dI bIdANG company and a nation’s pride
JASA huLu MIGAS SEcARA SOLuSI TOTAL in total solution upstream oil
uNTuK MEMbERIKAN NILAI TAMbAh and gas services, to provide
OPTIMAL bAGI STAKEhOLdER. optimum added value for
stakeholder.
MISI MISSION
01. MEMBErIKAN JASA lAyANAN BErMuTu 01. providing excellent integrated services
TINggI SECArA TErINTEgrASI (one (One Stop services) for customer
stop services) uNTuK KEpuASAN satisfaction and loyalty, supported by
DAN lOyAlITAS pElANggAN, yANg workforce professionalism, availability of
DIDuKuNg OlEh prOFESIONAlISME equipments, proficiency in technology,
SDM, KETErSEDIAAN pErAlATAN, as well as continuous improvement and
pENguASAAN TEKNOlOgI, innovative development of Company
continuous improvement DAN products.
pENgEMBANgAN INOvASI prODuK.
02. MElAKSANAKAN SEluruh KEgIATAN 02. Conducting all business activities under
uSAhA BErDASArKAN KAIDAh good the principles of world-class-standard
engineering practices DENgAN of good engineering practices, and to
STANDAr KElAS DuNIA SErTA achieve operation excellence through
MEwuJuDKAN operation excellence proper and consistent implementation
MElAluI pENErApAN KAIDAh-KAIDAh of QhSE (Quality, health, Safety &
QhSE (Quality, HealtH safety & Environment), as an evidence of
environment) yANg BENAr DAN Company’s competitive advantage.
KONSISTEN, SEBAgAI rEAlISASI
KEuNggulAN pEruSAhAAN.
03. MENINgKATKAN pErTuMBuhAN SKAlA 03. Enhancing sustainable business growth
uSAhA SECArA BErKESINAMBuNgAN along with improvement in financial and
yANg DISErTAI DENgAN pENINgKATAN non-financial performance.
KINErJA FINANSIAl MAupuN NON
FINANSIAl.
04. MENINgKATKAN NIlAI pEMEgANg 04. Continuously increasing shareholders’
SAhAM SECArA BErKElANJuTAN, value, as well as employees’ prosperity
SErTA KESEJAhTErAAN MAupuN and opportunities for human
KESEMpATAN uNTuK TuMBuh development. Building harmonious and
KEMBANg KAryAwAN. MEMBINA mutual relationship with government,
huBuNgAN yANg hArMONIS DAN partners, and community surrounding the
SAlINg MENguNTuNgKAN DENgAN Company’s areas of operation.
pEMErINTAh, MITrA KErJA MAupuN
MASyArAKAT DIMANA pEruSAhAAN
BErOpErASI.
dAFTAR ISI
contents
04 pErISTIwA pENTINg 2007 | Significant Events 2007
06 IKhTISAr KEuANgAN | Financial highlights
07 IKhTISAr KEgIATAN OpErASIONAl | Operational Activity highlights
08 lApOrAN DEwAN KOMISArIS | president Commissioner’s report
14 lApOrAN DIrEKTur uTAMA | president Director’s report
24 KuTIpAN DArI DIrEKSI | Quotes from Board of Directors
25 TANgguNg JAwAB lApOrAN TAhuNAN 2007 | responsibility for Annual report 2007
27 prOFIl pEruSAhAAN | Company profile
29 SEJArAh pEruSAhAAN | Company history
30 BIDANg uSAhA | line of Business
32 STruKTur KEpEMIlIKAN pErSErOAN, ANAK pEruSAhAAN DAN AFIlIASI |
Shareholding Structure of the Company, Subsidiaries and Affiliates
33 pENghArgAAN 2007 | Achievement 2007
34 ANAK pEruSAhAAN | Subsidiaries
37 pEruSAhAAN AFIlIASI | Affiliates Company
40 KOMpOSISI pEMEgANg SAhAM | Composition of Shareholders
41 STruKTur OrgANISASI | Organizational Structure
42 prOFIl DEwAN KOMISArIS | profile of The Board of Commissioners
46 prOFIl DIrEKSI | profile of The Board of Directors
50 prOFIl KOMITE AuDIT | profile of Audit Committee
51 prOFIl KOMITE rEMuNErASI | profile of remuneration Committee
52 SuMBEr DAyA MANuSIA | human resources
56 JArINgAN pErSErOAN | Office Network
59 ANAlISIS DAN pEMBAhASAN MANAJEMEN | Management Discussion Analysis
60 KINErJA OpErASI | Operational performance
70 KINErJA KEuANgAN | Financial performance
76 prOSpEK uSAhA pEruSAhAAN | Business prospect
79 hIghlIghT AKSI KOrpOrASI 2007 | Corporate Action highlights 2007
80 pENggABuNgAN uSAhA | Merger
83 pENAMBAhAN KEpEMIlIKAN SAhAM | Acquisition
85 pENAwArAN uMuM pErDANA | Initial public Offering
89 TATA KElOlA pEruSAhAAN yANg BAIK | good Corporate governance
91 rApAT uMuM pEMEgANg SAhAM | Annual Shareholders Meeting
95 DEwAN KOMISArIS | Board of Commissioners
96 DIrEKSI | Board of Directors
97 KOMITE AuDIT | Audit Committee
98 KOMITE rEMuNErASI | remuneration Committee
100 SEKrETArIS pEruSAhAAN | Corporate Secretary
100 STrATEgI DAN KEBIJAKAN prOSES INTErNAl | Internal process Strategy and policy
102 pENgAwASAN DAN pENgENDAlIAN INTErNAl | Internal Control
102 pENgElOlAAN rISIKO pEruSAhAAN | Corporate risk Management
106 pErKArA huKuM pErSErOAN | Corporate Cases
107 MEDIA pENyEBArAN INFOrMASI | Information Distribution Media
107 ETIKA BISNIS DAN ETIKA KErJA | Code of Conduct
108 prOgrAM KEMITrAAN DAN BINA lINgKuNgAN | Corporate Social responsibility
111 lApOrAN KEuANgAN KONSOlIDASI | Consolidated Financial Statements
4 www.ElNuSA.CO.ID
PERISTIWA PENTING 2007
Significant Events 2007
Januari January
Elnusa menerima penghargaan workover Operation In Elnusa received the award from workover Operation In
Achieving 265 Days of NlTI (No loss Time Injury) on Achieving 265 Days of NlTI (No loss Time Injury) on
year 2006 dari Chevron. year 2006 from Chevron.
Februari February
Elnusa mendapat penghargaan “Kecelakaan Nihil” Elnusa received the award of Zero Accident from
dari Departemen Tenaga Kerja dan Transmigrasi the Department of labor and Transmigration of the
republik Indonesia. republic of Indonesia.
Mei May
closing project “Desa pemulihan Terpadu Elnusa” Closing project “Desa pemulihan Terpadu Elnusa”
tepat 1 tahun pemulihan pasca gempa yogyakarta exactly 1 year anniversary of yogyakarta disaster
bersama Menteri Negara perumahan rakyat rI, M. recovery, together with the State Minister of public
yusuf Asy’ari. Elnusa menyerahkan rumah tahan housing of the republic of Indonesia, M. yusuf
gempa ke-147 (terakhir). program ini merupakan Asy’ari. Elnusa handed over the 147th (last one)
CSr Elnusa dalam kolaborasi kemanusiaan bersama house. This program is part of Company’s CSr
mitra ACT dan perusahaan/organisasi lokal dan programs in humanity collaboration with ACT and
internasional. Desa Elnusa direkomendasi Menteri local and international companies / organization. The
untuk direplikasi sebagai pemulihan terpadu di Elnusa’s village is recommended by the Minister to
kawasan rawan gempa lainnya di Indonesia. be replicated as an integrated recovery in other areas
with potential disaster in Indonesia.
Juni June
Investasi Well testing Barge (Elnusa Samudra 3 dan Investment in well Testing Barges (Elnusa Samudra 3
4), untuk memenuhi pekerjaan dari TOTAl Indonesie and 4), for the projects from TOTAl Indonesie with a
senilai uSD 18.6 juta untuk masa 5 tahun. total value of uSD 18.6 million for the next 5 year.
Juli July
16 Juli 2007, rupS Tahunan dan rupS luar Biasa :
July 16 2007, Annual general Meeting of
Eteng A. Salam menggantikan rudy radjab sebagai Shareholders (AgMS) and Extra Ordinary general
Direktur utama dan Surat Indrijarso (Komisaris Meeting of Shareholders (EgSM),
Independen) serta harry Triono (Komisaris)
menggantikan Tamsil Ambismar. Eteng A. Salam replaced rudy radjab as the
president Director and Surat Indrijarso (Independent
persetujuan untuk melakukan IpO. Commissioners) and harry Triono (Commissioners)
replaced Tamsil Ambismar.
Approval for IpO.
lApOrAN TAhuNAN 2007
5
Agustus August
lepas-Sambut Direktur utama pT Elnusa Tbk, dari handover Ceremony for the president Director of
rudy radjab kepada Eteng A. Salam, dan Komisaris pT Elnusa Tbk, from rudy radjab to Eteng A. Salam,
perseroan and the Commissioners.
September September
Memperingati hari ulang Tahun Elnusa ke 38, dengan Commemorating Elnusa 38th anniversary, held for IpO
tema khusus “New Emerging public Company” preparation theme “New Emerging public Company”.
sebagai persiapan menjelang IpO.
Oktober October
Dalam rupS luar Biasa, pemegang saham In the EO gMS, shareholders agreed upon taking the
menyetujui penyempurnaan struktur korporasi dan Company goes public through the mechanism of
perubahan susunan pengurus perseroan. Initial public Offering (IpO).
Kesepakatan kerja sama Elnusa dengan university of Elnusa entered research Affiliate Agreement with
hamburg, germany, untuk penelitian riset (research the university of hamburg, germany. This affiliation
affiliate agreement). Kerja sama ini menandai marked the positioning Elnusa as the trusted provider
positioning Elnusa sebagai penyedia jasa hulu of upstream oil and gas services and holder of the
migas yang terpercaya dan pemegang market share biggest market share for seismic data acquisition.
terbesar untuk seismic data acquisition.
persetujuan Departemen Kehakiman dan hak Asasi gaining approval from the Department of law and
Manusia untuk penggabungan 4 anak perusahaan ke human rights for the merger of 4 subsidiaries into the
dalam perseroan sebagai langkah awal reposisi bisnis Company, as the initial move of the Elnusa business
Elnusa yang akaln lebih fokus pada jasa hulu migas. repositioning towards a more focus on upstream oil
and gas services.
November November
perseroan serta anak perusahaannya The Company and the subsidiaries sign the pact of
menandatangani pakta Integritas, wujud keteguhan Integrity, as an evidence on Company’s commitment
memegang komitmen integritas atas dasar gCg. to integrity as part of gCg implementation. This
peristiwa ini memiliki nilai yang sangat penting is a moment of importance since the day before
karena sehari sebelumnya (29/11/07), perseroan (29/11/07), the Company completed registration
melakukan registrasi pencatatan pendaftaran ke to Bapepam-lK to go public. The pact of Integrity
Bapepam-lK untuk go public. pakta Integritas wujud is a sign of morale awareness to maintain integrity
kesiapan moral untuk menjaga integritas dalam in running the Company professionally and publicly
menjalankan perusahaan secara profesional dan accountable.
dapat mempertanggungjawabkan kinerja kepada
publik.
persetujuan Departemen Kehakiman dan hak Asasi Approval from the Department of law and human
Manusia untuk penggabungan 3 anak perusahaan rights for the merger of 3 subsidiaries in order to
dalam rangka mewujudkan sebuah anak perusahaan build a strong entity engaging in data management,
yang kuat yang bergerak dalam bidang data technology and information businesses especially in
managemen, teknologi dan informasi khususnya di oil and gas industry.
bidang migas.

ANNuAl rEpOrT 2007
6 www.ElNuSA.CO.ID
IKhTISAR KEuANGAN
Financial highlights
dalam miliar rupiah, kecuali disebutkan lain in billion rupiah, unless otherwise stated
uRAIAN 2007 2006* 2005* 2004* 2003* dEScRIPTION
LAPORAN LAbA RuGI STATEMENT OF INcOME
pENDApATAN uSAhA 2,104 1,878 1,296 1,175 1,108 rEvENuES
lABA KOTOr 399 349 278 184 187 grOSS prOFIT
EBITDA 265 204 166 119 128 EBITDA
BEBAN uSAhA 254 233 200 164 158 OpErATINg ExpENSES
lABA uSAhA 144 115 78 20 28 OpErATINg INCOME
BEBAN BuNgA 37 28 19 18 44 INTErEST ExpENSES
lABA SEBEluM BEBAN pAJAK pENghASIlAN 141 118 84 100 102 INCOME BEFOrE INCOME TAx ExpENSES
lABA BErSIh 100 83 59 152 74 NET INCOME
JuMlAh SAhAM yANg BErEDAr (ribu lembar)** 5,838,500 1,167,700 1,167,700 1,167,700 1,167,700 NuMBEr OF ShArES ISSuED (tho shares)**
lABA BErSIh pEr SAhAM (rupiah)** 17 14 10 26 13 NET INCOME pEr ShArE (rupiah)**
LAPORAN NERAcA
AKTIvA lANCAr 994 835 653 481 584 CurrENT ASSETS
AKTIvA TETAp - BErSIh 836 702 634 628 650 FIxED ASSETS
AKTIvA TIDAK lANCAr lAINNyA 329 271 262 207 185 OThEr NON CurrENT ASSETS
JuMlAh AKTIvA 2,159 1,809 1,548 1,316 1,418 TOTAl ASSETS
huTANg lANCAr 406 188 182 75 301
KEwAJIBAN lANCAr lAINNyA 512 549 413 327 234 CurrENT lIABIlITIES
huTANg TIDAK lANCAr 186 109 86 103 234 DIFFErED TAx ASSET
KEwAJIBAN TIDAK lANCAr lAINNyA 277 69 42 37 33 NON CurrENT lIABIlITIES
JuMlAh KEwAJIBAN 1,195 915 723 541 802 TOTAl lIABIlITIES
hAK MINOrITAS 15 14 16 12 7 MINOrITy INTErEST
JuMlAh EKuITAS 949 879 809 763 610 TOTAl EQuITy
JuMlAh EKuITAS + hAK MINOrITAS 964 894 825 775 617 TOTAl EQuITy + MINOrITy INTErEST
JuMlAh KEwAJIBAN DAN EKuITAS 2,159 1,809 1,548 1,316 1,418 TOTAl lIABIlITIES AND EQuITy
MODAl KErJA 76 99 58 80 49 wOrKINg CApITAl
INvESTASI AKTIvA TETAp 258 161 100 76 58 INvESTMENTS IN FIxED ASSETS
LAPORAN ARuS KAS STATEMENT OF cASh FLOW
KAS DArI hASIl OpErASI (142) 79 24 31 72 CASh FrOM OpErATINg ACTIvITy
KAS uNTuK INvESTASI (127) (29) (69) 295 (99) CASh uSED IN INvESTMENTS
KAS DArI hASIl pENDANAAN 219 12 72 (358) 26 CASh FrOM FINANCINg ACTIvITIES
RASIO PERTuMbuhAN GROWTh RATIO
pENDApATAN uSAhA 12.0% 44.9% 10.3% 6.0% 14.7% rEvENuES
lABA KOTOr 14.4% 25.5% 51.4% -1.6% 56.0% grOSS prOFIT
EBITDA 29.9% 23.2% 39.7% -7.3% 7.1% EBITDA
lABA uSAhA 25.2% 48.7% 296.6% -30.7% -336.7% OpErATINg ExpENSES
lABA BErSIh 20.6% 41.7% -61.5% 105.6% 131.3% NET INCOME
JuMlAh AKTIvA 19.4% 16.8% 17.6% -7.2% 7.9% TOTAl ASSETS
JuMlAh KEwAJIBAN 30.7% 26.5% 33.7% -32.5% 6.6% TOTAl lIABIlITIES
JuMlAh EKuITAS 7.9% 8.7% 6.1% 25.1% 9.4% TOTAl EQuITy
RASIO KEuANGAN FINANcIAL RATIO
MArgIN lABA KOTOr 19.0% 18.6% 21.4% 15.6% 16.8% grOSS prOFIT MArgIN
MArgIN EBITDA 12.6% 10.9% 12.8% 10.1% 11.6% EBITDA MArgIN
MArgIN lABA uSAhA 6.9% 6.1% 6.0% 1.7% 2.5% OpErATINg MArgIN
MArgIN lABA BErSIh 4.8% 4.4% 4.5% 13.0% 6.7% NET prOFIT MArgIN
IMBAl hASIl INvESTASI 38.8% 51.5% 58.3% 200.7% 127.8% rETurN ON INvESTMENT
IMBAl hASIl EKuITAS 10.6% 9.4% 7.2% 20.0% 12.2% rETurN ON EQuITy
IMBAl hASIl AKTIvA 4.6% 4.6% 3.8% 11.6% 5.2% rETurN ON ASSETS
rASIO lANCAr 1.08 1.13 1.10 1.20 1.09 CurrENT rATIO
JuMlAh KEwAJIBAN/JuMlAh AKTIvA 0.55 0.51 0.47 0.41 0.57 TOTAl lIABIlITIES/TOTAl ASSETS
JuMlAh KEwAJIBAN/EKuITAS 1.26 1.04 0.89 0.71 1.31 TOTAl lIABIlITIES/TOTAl EQuITy
huTANg/EKuITAS 0.62 0.34 0.33 0.23 0.88 DEBT TO EQuITy
huTANg BErSIh/EKuITAS 0.51 0.16 0.21 0.15 0.72 NET DEBT TO EQuITy
huTANg/EBITDA 2.23 1.45 1.61 1.50 4.18 DEBT TO EBITDA
huTANg BErSIh/EBITDA 1.83 0.68 1.04 0.93 3.45 DEBT TO ASSETS
EBITDA/ BEBAN BuNgA 7.14 7.32 8.63 6.50 2.94 EBITDA/ INTErEST ExpENSE
*) disajikan kembali *) restated
**) pada tahun 2007 terjadi perubahan nilai nominal saham dari rp500 menjadi rp100. **) In the year 2007, the shares nominal value changed from rp500 to rp100. Net Income per shares
laba bersih per saham dasar dikalkulasi dengan memperhitungkan efek retroaktif is calculated with retroactive effects following the change in the shares nominal value
sehubungan dengan perubahan nilai nominal saham
lApOrAN TAhuNAN 2007
7
PENdAPATAN uSAhA LAbA uSAhA LAbA bERSIh
revenues Operating Income Net Income
c AG R 1 7 % 04 c AG R 5 0 % c AG R 8 %
78 2,1
1,8 4 52
4 1
1
6
1,108 1,175 1,29 115 3 100
78 74 8
9
5
8
2 0
2
dalam miliar rupiah dalam miliar rupiah dalam miliar rupiah
in billion rupiah in billion rupiah in billion rupiah
2003 2004 2005 2006 2007 2003 2004 2005 2006 2007 2003 2004 2005 2006 2007
JuMLAh AKTIVA JuMLAh KEWAJIbAN JuMLAh EKuITAS
Total Assets Total liabilities Total Equity
c AG R 1 1 % c AG R 1 1 % c AG R 1 2 %
9
5
1
09 2,
1,418 1,316 1,548 1,8 802 1 723 915 1,195 10 763 809 879 949
4 6
5
dalam miliar rupiah dalam miliar rupiah dalam miliar rupiah
in billion rupiah in billion rupiah in billion rupiah
2003 2004 2005 2006 2007 2003 2004 2005 2006 2007 2003 2004 2005 2006 2007
IKhTISAR KEGIATAN OPERASIONAL
Operational Activity highlight dalam miliar rupiah, kecuali dinyatakan lain
in billion rupiah, unless otherwise stated
uRAIAN 2007 2006* 2005* 2004* 2003* dEScRIPTION
JASA pENuNJANg hulu MIgAS 70 81 46 40 9 SuppOrTINg upSTrEAM OIl & gAS SErvICES
JASA hulu MIgAS TErINTEgrASI 1,143 943 737 538 474 INTEgrATED upSTrEAM OIl & gAS SErvICES
JASA hIlIr MIgAS 806 766 416 534 529 DOwNSTrEAM OIl & gAS SErvICES
JASA pENuNJANg & BErBASIS KOMpETENSI 155 169 143 103 571 SuppOrTINg SErvICES & COMpETENCy BASED
JuMlAh pENDApATAN uSAhA 2,104 1,878 1,296 1,175 1,108 TOTAl rEvENuE
*) disajikan kembali (restated)
KOMPOSISI PENdAPATAN 2007 PENdAPATAN
revenue Composition 2007 JASA huLu MIGAS TERINTEGRASI
revenue from Integrated
upstream Oil & gas Services
7% 3%
c AG R 2 3 % 1,143
3
4
9
38% 52% 37
7
8
3
5
4
7
4
jasa penunjang hulu migas dina lbaimllio mn irliuarp irauhpiah c AG R : Compound Annual growth rate
jasa hulu migas terintegrasi
jasa hilir migas 2003 2004 2005 2006 2007
jasa penunjang dan berbasis kompetensi
ANNuAl rEpOrT 2007
8 www.ElNuSA.CO.ID
LAPORAN KOMISARIS uTAMA
President commissioner’s Report
DEwAN KOMISArIS MErASA CuKup puAS DENgAN KINErJA
MANAJEMEN DAN KAryAwAN DI TAhuN 2007, SErTA MENDuKuNg
pENuh STrATEgI pErSErOAN uNTuK FOKuS DI JASA hulu MIgAS
TErINTEgrASI.
The board of commissioners are quite pleased with the performance
of the Management and employees in the year 2007, and fully
support the company’s strategy to focus integrated upstream oil &
gas services.
lApOrAN TAhuNAN 2007