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YAYASAN GERAKAN INDONESIA MENGAJAR FINANCIAL STATEMENTS 31 DECEMBER 2012 AND 2011
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Kantor AkuntanPublik Tanudiredja, Wibisana & Rekan
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INDoNESIiYMENGAIAR
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DIRECTOR'S STATEMENT OF RESPONSIBILITY FOR THE FINANCIAL STATEMENTS AS AT AND FOR THE YEARS ENDED 3I DECEMBER 2O{2 AND 2O{1
YAYASAN GERAKAN INDONESIA MENGA.'AR
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ln accordance with a resolution of the directors of Yayasan Gerakan lndonesia Mengajar (the 'Foundation"), in the opinion of the directors:
(a)
the financial statements of the Foundation are drawn up so as to present fairly the financial position as at 31 December 2012 and 2011, and the results of its activities and cash flows for the years then ended; and
(b)
the financial statements of the Foundation have been prepared in accordance with lndonesian Financial Accounting Standards.
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For and on behalf of the Board, JAKARTA 4 Apil 2414 -;: : - :'-:i!::.:-
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Hikmat Hardono Executive Director
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wc INDEPENDENT AUDITOR'S REPORT TO THE EXECUTTVE BOARD OF
YAYASAN GERAKAN INDONESIA MENGAJAR
We have audited the accompan),lng statements of financial position of Yayasan Gerakan Indonesia Mengajar (the "F-oundation") as at 31 December zorz and zott, and the related statements of activities and cash flows for the years then ended. These financial statements are the responsibility of the Foundation's management. Our responsibility is to express an opinion on these financial statements based on our audits.
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We conducted our audits in accordance with auditing standards established by the Indonesian Institute of
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In our opinion, the financial statements referred to above, present fairly, in all material respects, the financial position of the Foundation as at 3r December 2o!2 and zorr, and the results of its activities and its cash flows for the years then ended in conformity with Indonesian Financial Accounting Standards.
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Certified Public Accountants. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement" An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
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JAKARTA 4
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Yusron, S,B.,Ak., CPA License of Public Accountant No. AP" 0243
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NOTICETOREADERS
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to present the
financial posirron, results of actiuities and cash flows accepted in countries and jurisdtctions other than Indonesia. The standards, procedures and practices utilised to audit suchfinancial statements may dffirfrom those generally accepted in countries and jurisdictions other than Indonesia. Accordinglg the accompanying financial stotements and the auditor's report thereon are not intendedfor use by those who are not informed about Indonesian accounting principles and auditinq standards, and their application in practice. The accompanying
in
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accordance
financial stotements are not intended
with accounting principles and practices generally
Kqntor Akuntan Publik Tanudiredja, Wibisqna & Rekan
Plaza 89, Jl. H.R. Rasuna Said Kau. X-7 No.6 Jakarta 12940 -INDONESA, P.O. Box 2473 JKP tooor T: +62 21 5212901, F:+ 6z zt SzgoSSSS / S2goSoSo, toww.pwc.com/id Nomor Izin Usaha: KEP-151/KM.1/2010.
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YAYASAN GERAKAN INDONESIA MENGAJAR
Schedule
1
STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2012 AND 2011 (Expressed In thousand Rupiah, unless othenvise stated)
Notes
2012
2011
ASSETS CURRENT ASSETS Cash and cash equivalents Advance and prepayment Other receivables
3 4 5
Total current assets NON.CURRENT ASSET Fixed assets - net
6
Total non-current asset
TOTAL ASSETS
45,235 100,674 84.424
170,659 73,204 129,525
230,333
373.387
620 768
903.044
620.768
903,044
_______851-M
1.276.431
25,000 406,491 673,059 37,905 151,974 448,490 1,400,000 4,457.982
50,000 136,117 386,030 37,905
7.600,891
1,444,205
69,491
1,592.413
107,396 3,031,988
1,661,904
3,139.384
-***9.262J95
4.583.589
LIAB!LITIES CURRENT LIABILITIES Purchase payables Salary payables and reimbursement Taxes payables Finance lease payables - current portion Accrued expenses Other payables Bank loan Borrowing - current portion
7
8 9
10 11
Total current Iiabilities NON-CURRENT LIABILITIES Finance lease payables non-current portion Borrowing - non-current portion
-
I 11
Total non-current Iiabilities TOTAL LIABILITIES NET LIABILITIES Unrestricted net liabilities
TOTAL NET LIABILITIES TOTAL LIABILITIES AND NET LIABILITIES
16
(8,411 (8.41
1
,694) .694)
47,765
786,3S;
(3,307,158) (3.307.158)
____,851-101 ____1ASAA
The accompanying notes form an integral paft of these financial statements
YAYASAN GERAKAN INDONESIA MENGAJAR
Schedule 2
STATEMENTS OF ACTIVITIES FOR THE YEARS ENDED 31 DECEMBER 2012 AND 2011 (Expressed in thousand Rupiah, unless otherwise stated)
Notes
2012
12
10,1 19,973
9,810,944
486.895
6'16,646
10,605.868
10.427,590
11,422,447
3,418,822 869.135
11,547,223 3,152,990 1,082,089
15.710,404
15.782302
Decrease in unrestricted net assets
(5.104.536)
(5.354.712\
Decrease in net assets
(5,104,536)
$.354.712)
Net (liabilities)/assets at the beginning of the year
(3,307,158)
2.047,554
___18l_1l-694)
(3.307.158)
2011
CHANGES IN UNRESTRICTED NET ASSETS
Unrestricted incomes Contributions Others
Total unrestricted incomes Expenses "Pengajar Muda" program expenses Management and general expenses Fund raising expenses Total expenses
Net liabilities at the end of the year
13
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The accompanying notes form an integral part of these financialsfafemenfs
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YAYASAN GERAKAN INDONESIA MENGAJAR STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED 31 DECEMBER 201 2 AND 201 (Expressed in thousand Rupiah, unless othenruise stated)
Schedule 3
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2012
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Cash flows from operating activities: Reconciliation of changes in net assets to net cash used for operating activities: Changes in net assets Adjustments to reconcile changes in net assets to net cash used for operating activities: Depreciation and amortisation Non-cash contribution Rental expenses Discount on loan Increase in accrued expenses (lncrease)/decrease in advance and prepayment Decrease/(increase) in other receivables lncrease in salary payables and reimbursement (Decrease)/increase in purchase payables lncrease in other payables lncrease in taxes payables
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754,909 (394,044) 394,044 (477,087) 104,209 (27,470) 45,101 270,374 (25,000) 449,490 287,029
458,566 394,044 (601 ,128)
47,155 42,470 (46,337) 136,117 46,300 355.1 B0
(4.522.3451
Gash flows from investing activities: Acquisition of fixed assets
$8.627)
(491,754)
Net cash used for investing activities
(38,627)
(491,7541
Cash flows from financing activities: Receipt from borrowings Receipt from bank loan Principal payment of finance lease
2,275,100 1,400,000 (37,e05)
3,286,388
Net cash provided by financing activities
3.637.195
3.259.837
Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year
(26,551)
(12s.4231
fi.754,2621
170.658
1.924s20
45.235
______170*658
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The accompanying notes form an integral paft of these financial statements
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(5,354,712)
(3.723.991)
Net cash used for by operating activities
Net decrease in cash and cash equivalents
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(5,104,536)
2011
YAYASAN GERAKAN INDONESIA MENGAJAR
Schedule 4/1
NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2012 AND 2011 (Expressed in thousand Rupiah, unless otherurise stated)
1.
GENERAL Yayasan Gerakan lndonesia Mengajar (the "Foundation") was established based on Notarial Deed No. 8 dated 22 June 2010 of Zaenab, S.H. The Deed of Establishment was approved by the Minister of Justice and Human Rights of the Republic of lndonesia in Decision Letter No. AHU-1842.AH.01 .04 year 201 1 dated 12 April 2011 . The Foundation is domiciled at Jalan Galuh ll No.4, Kebayoran Baru, South Jakarta.
The Foundation was established to contribute on education activities.
The Foundation actively encourages the intellectual life of the nation through active role in improving the quality of education in lndonesia by sending the best graduates of universities, which have been intensively trained to master skills in teaching and leadership, to work as a teacher in remote areas for one year.
As at 31 December 2012 and 2011, the compositions of the board members were as follow:
Advisory Board:
Advisors
: Arief T. Surowidjojo : Erry Riyana HardjaPamekas
Supervisory Board: Chairman :Ahmad Rizali : Hamid Chalid
Executive Board: Chairman :Anies Rasyid Baswedan
Secretaries . Endriartono Sutarto
Treasurer 2.
Hikmat Hardono : Shofwan Al Banna Chairuzzad
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The financial statements of the Foundation
were prepared, completed and authorised by the Board of Management on 4 April 2014.
Presented below are significant accounting policies adopted in preparing the financial statements of the Foundation, which are in conformity with lndonesian Financial Accounting Standards.
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YAYASAN GERAKAN INDONESIA MENGAJAR
Schedule 4/2
NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2012 AND 2011 (Expressed in thousand Rupiah, unless othenvise stated)
2.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
a.
Basis of preparation of the financial statements The financial statements have been prepared on the basis of historical cost and accrual concept. The financial statements are presented in accordance with Statement of Financial Accounting Standards ("SFAS') No. 45 (Revised 2011), "Financial Reporting for Non-Profit Organisations". The flnancial statements include statements of financial position, statements of activities and statements of cash flows.
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The statement of activities provides the information regarding the incomes
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received and the expenses spent by the Foundation in one accounting period using the accrual basis. The difference between the incomes and expenses are presented as the changes in the Foundation's net assets for the current period which consists of only unrestricted net assets.
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activities.
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The statement of cash flows is prepared based on indirect method by classifying cash flows on the basis of operating, investing and financing The financial statements are presented in thousand Rupiah ("Rp"), unless otheruise stated, which is the functional currency of the Foundation. b.
Cash and cash equivalents are cash on hand and cash in banks with maturity periods of three months or less at the time of placement and which are not used as collateral or are not restricted.
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Cash and cash equivalents
c.
Prepayment Prepayment is amo(ised on a straight-line basis over the estimated beneficial periods of the prepayment.
d.
Receivables Receivables are recognised initially at fair value and subsequently measured at amortised costs using the effective interest method, less any provision for impairment. lf the collection is expected in one year or less (or in the normal operating cycle of the business, if longer), they are classified as current asset. lf not, they are presented as non*current asset.
Schedule 4/3
YAYASAN GERAKAN INDONESIA MENGAJAR NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2012 AND 2011 (Expressed in thousand Rupiah, unless otherwise stated)
2.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
e.
Fixed assets
Fixed assets are initially recognised at acquisition cost and subsequently, carried at acquisition cost less accumulated depreciation and accumulated impairment loss. The acquisition cost includes the replacement cost when incurred, if it fulfills the recognition criteria. Furthermore, when a significant inspection occurs for the continuity of operation, all costs incurred for the inspection is recognised in the fixed assets carrying amount as a replacement if it fulfills the recognition criteria. Subsequent costs are included in the asset's carrying amount or recognised as separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Foundation and the costs of the item can be measured reliably. The carrying amount of the replaced part is derecognised. All other repairs and maintenance are charged to the statement of activities during the financial period in which they are incurred.
Fixed assets are depreciated using the straight-line method over their estimated useful lives as follow:
Estimated useful life (vears) Vehicles Computer Equipments and furniture
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At every financial year end, the residual values, useful lives and method of depreciation of fixed assets are reviewed and adjusted prospectively, as appropriate.
Fixed assets are derecognised when they are disposed or there is no more economic useful life expected from the assets. When assets are disposed of or retired, their carrying values are eliminated from the financial statement, and the resulting gains and losses on the disposal of fixed assets are recognised in the statement of activities. Assets under construction represent costs for the construction and acquisition of fixed assets and other costs. These costs are transferred to the relevant asset account when the construction ls complete. Depreciation is charged from the date the assets are ready for use.
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YAYASAN GERAKAN INDONESIA MENGAJAR
Schedule 4/4
NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2012 AND 2011 (Expressed in thousand Rupiah, unless othenvise stated)
2.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
f.
Lease Leases in which a significant portion of the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases (net of any incentives received from the lessor) are charged to statement of activlties on a straight-line basis over the period of the lease.
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Leases of fixed assets where the Foundation substantially has all the risks and rewards of ownership are classified as finance leases. Finance leases are capitalised at the lease's commencement at the lower of the fair value of the leased property or the present value of the minimum lease payments.
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Each lease payment is allocated between the liability and finance charges so as to achieve a constant rate of interest on the outstanding finance balance. The interest element of the finance cost is charged to the statements of activities over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period.
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Fixed assets acquired under finance leases are depreciated similarly to owned assets. lf there is no reasonable certainty that the Foundation will hold the ownership by the end of the lease term, the asset is depreciated over the shorter of the useful life of the asset and the lease term.
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g.
Borrowings are recognised initially at their fair value, net of any transaction costs incurred. Borrowings are subsequently carried at amortised cost. The difference between the proceeds (net of transaction costs) and the redemption value is recognised in statement of activities over the period of the borrowing, using the effective interest method.
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Borrowings are classified as current liabilities unless the Foundation has an unconditional right to defer the settlement of the liability for at least 12 months after the reporting date.
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Borrowings
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Net assets
Net assets are the Foundation's net wealth which is the difference between assets and liabilities that only consist of unrestricted net assets. Every donation received from third party's grant or contribution is presented as unrestricted net assets, unless there is explicit restriction by donors.
The Foundation presented the grant or donation in the form of land, building and equipment as unrestricted contribution, unless there is explicit restriction which states the purpose of those assets utilisation from the donors.
Schedule 4/5
YAYASAN GERAKAN INDONESIA MENGAJAR NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2012 AND 2011 (Expressed in thousand Rupiah, unless otherwise stated)
2.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
i.
lncome and expense recognition Restricted contributions are donations received in support of specified projects or activities mutually agreed upon by the Foundation and donors.
Restricted contribution may either be temporarily or permanently restricted. Temporarily restricted contribution is those whose usage by the Foundation has been limited by donors to later periods of time or after specified dates or to specific purposes. Permanently restricted grants are those whose donorimposed restriction limits the Foundation's use of the assets or their economic benefits neither expires with the passage of time nor can be removed by the Foundation's meeting certain requirements. Unrestricted contributions are recognised in the statement of activities when they were received unconditionally. Other income is recognised in the period in which it is earned. Expenditures from projects, operating expenditures and other expenditures for activities are recognised when they are incurred.
j.
Foreign currency transactions Transactions denominated in currencies other than Rupiah are converted into Rupiah at the exchange rate prevailing at the date of the transaction. At the financial reporting date, monetary assets and liabilities in currencies other than Rupiah are translated at the exchange rate prevailing at that date. Exchange gains and losses resulting from the settlement of such transactions and the translation of monetary assets and liabilities in currencies other than Rupiah are recognised in the statement of activities.
The exchange rates used at the financial reporting date, based on the Bank lndonesia middle rate, were as follow:
2012 US Dollars/Rupiah
k.
9,670
2011 9,068
Transactions with related parties
The Company entered into transactions with related parties as defined in SFAS No. 7, "Related Party Disclosures". All significant transactions and balances with related parties are disclosed in the notes of these financial statements.
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YAYASAN GERAKAN INDONESIA MENGAJAR
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NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2012 AND 2011 (Expressed in thousand Rupiah, unless othenruise stated)
9)
2.
Schedule 4/6
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
l.
lncome tax
Based on Law No. 10
of 1994 as
amended by Law No. 36 of 2008 concerning the estimated income tax for foundations or similar organisations, the donations received from grantors or donors are not a tax object as long as there is no connection between the donors and receivers.
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Critical accounting estimates and assumptions
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Estimates and assumptions are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Actual results may
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differ from these estimates. There are no significant estimates and assumptions
that have a significant risk of causing a material adjustment to the carrying
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amount of assets and liabilities within the next financial year.
3.
2012
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4,343
78,343
23,860 17.032
79,325
Total cash and cash equivalents
45.235
____lz0*658
12,990
ADVANCE AND PREPAYMENT
Prepaid rental Advance
Total advance and prepayment
5.
2011
Cash on hand Cash in banks: - Rupiah - US Dollars
2012
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CASH AND CASH EQUIVALENTS
2011
65,674 35,000
65,674 7.530
100.674
73.204
OTHER RECEIVABLES
The other receivables represent the Foundation's employee receivables as at 31 December 2012 amounting to Rp84,424 (2011: Rpl29,525).
Schedule 4/7
YAYASAN GERAKAN INDONESIA MENGAJAR NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2012 AND 2011 (Expressed in thousand Rupiah, unless othenruise stated)
6.
FIXED ASSETS 2012
Beginning Disposals/ balance Additions Transfers
Ending balance
Acquisition costs: Office equipments Furniture 1
903,007 155,095
38,627_
,058,'102
38,627
941,634 155,095
1,096,729
Finance lease asset: 171,852
Vehicles
Total acquisition costs Accumulated depreciation Office equipments Furniture
Finance lease assets: Vehicles
Total accumulated depreciation Net book value
171,852
1.229.954 :
38.627
(25e,848)
1.268.581
(23e,166)
GA,ttql
(4ee,014) (91,515)
(312.589)
Q77.940)
(590,529)
(14,321)
(42,963)
(57,284)
(326.e10)
(320,e03)
(647.813)
(52.741)
______lo3*044
_______620J68
2011
Beginning
balance
Additions
Disposals/ Transfers
Ending balance
Aequisition costs: Office equipments Furniture Asset under construction
369,718 101 ,630
438,289 53,465
903,007 155,095
(95,ooo)
95,000 566,348
95,000
491,754
1
,058,102
Finance lease asset: Vehicles
Total acquisition costs
566,348
171,852
171.852
663.606
1,229.954
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YAYASAN GERAKAN INDONESIA MENGAJAR NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2012 AND 2011 (Expressed in thousand Rupiah, unless otherwise stated)
6.
FIXED ASSETS (continued)
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2011
Beginning balance
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Accumulated depreciation Office equipments
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Furniture
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Total accumulated depreciation Net book value
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(219,683) (36,406)
(259,848)
(56,500)
(256,08e)
(312.589)
fi4.321)
fi4,321)
Q70.4101
(326.e10)
$2.741)
(56.5001 _____-509,949
_____103.044
SALARY PAYABLES AND REIMBURSEMENT
2012 Salary payables Reimbursement
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Ending balance
(40,165) (16,335)
Vehicles
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Disposals/ Additions Transfers
Finance Iease assets:
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Schedule 4/8
Total salary payables and reimbursement 8.
406,491-
_______406J91
130,693 5,424
_____tioJfi
TAXES PAYABLES 2012 Article 21 Article 23
Total taxes payables 9.
2011
2011
668,339 4,720
381,736 4.294
_*____iz3J59
_____396*030
2012
2011
FINANCE LEASE PAYABLES
Astra Credit Company
107.396
145,301
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Less: Portion due within one year
(37,905)
(37,e05)
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Non-current portion
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69.491
____l!7J96
YAYASAN GERAKAN INDONESIA
MENGAJAR
Schedule 4/9
NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2012 AND 2011 (Expressed in thousand Rupiah, unless otheruuise stated)
9.
FINANCE LEASE PAYABLES (continued)
The future minimum lease payments under the finance lease agreement are as follows:
year
Payables not later than one Payables later than one year and not later than five
years
Less: Future finance
charges
Present value of minimum finance lease payments
2012 48,948 89,738 138,686 (31,290)
2011 48,948 138,686
187.634 (42,333)
___-__l_02J96 --__--145,1D1
is no collateral given in respect of the leases. lnterest expenses on the obligations during the year ended 31 December 2012 was Rp11,043 with an average rate of interest 7.28%. The finance lease is related to vehicle purchase. There is no covenant stipulated on this lease agreement.
There
10.
BANK LOAN
On 25 May 2012, the Foundation and Bank Saudara entered into a credit facility agreement, wherein Bank Saudara acts as the creditor, in an aggregate amount of Rp1,400,000, for working capital purposes. This facility bears an interest rate of 16% p.a. until 27 November 2012 (14o/o p.a. after the facility was amended starting from 28 November 2012) and has a maturity date on 28 February 2013. As at 31 December 2012, the Foundation has a total drawdown of Rp1,400,000.
ln the credit facility agreement with Bank Saudara, there are several restrictions that have to be fulfilled by the Foundation, such as:
. obtain credit from any other bank without prior written consent of the lender
.
is
prohibited;
binds the foundation as surety against other parties or encumber the Foundation's property to other party is prohibited; . Encumber the Foundation's property for the benefit of other party is prohibited; and o entered into agreement with affiliated organization, in which the agreement had no correlation with the achievement of the aims and objectives of the Foundation is prohibited.
The Foundation has complied with the covenants in the credit facility agreement.
The Foundation has made repayment in January and February 2013 amounting to Rpl,400,000. On 28 February 2013, the Foundation extended the credit facility and amended the due date to 28 February 2014 with total credit facility of Rp900,000.
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YAYASAN GERAKAN INDONESIA MENGAJAR NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2012 AND 201{ (Expressed in thousand Rupiah, unless othenrvise stated)
11.
BORROWING
As of 31 December 2012 and 2011, the Foundation has
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2012
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Third parties Related parties Unamortised discount
6,294,500 666,988 (911,0e3)
3,900,000 7g6,3BB (868,012)
Total
6.050.395
3.818.376
Less: Portion due within one year
4,457.982
786.388
Non-current portion
1.592.413
---3J31-9SS
Based on mutual agreement, borrowing from third parties amounting to Rp3,900,000 is agreed to be converted to donations for the Foundation in 2013.
12.
CONTRIBUTIONS
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non-interest-bearing
borrowing as follows:
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Schedule 4/10
Companies and institutions lndividuals
Total contributions
2012 9,759,875 360,098
2011 g,0B1,0gg
729,855
--l!Jlt8*923 __lSllLEl4
The contributions in 2012 were mainly from the donation received from
PT
Perusahaan Gas Negara (Persero), Tbk ('PGN"), PT Indika Energy, Tbk ("lndika") and PT Bank Mandiri (Persero), Tbk ("Mandiri"). Meanwhile, the contributions in 2011 were mainly from the donation received from lndika, PGN and PT lmaji.
Schedule 4/11
YAYASAN GERAKAN INDONESIA MENGAJAR NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2012 AND 2011 (Expressed in thousand Rupiah, unless othenruise stated)
13.
"PENGAJAR MUDA" PROGRAM EXPENSES 2412
14.
Operational exPenses Training expenses Recruitment and partnership expenses
9,217,746 1,634,591 570,110
8,071,895 2,847,348 627.980
Total "Pengajar Muda" program expenses
11.422.447
_11*5q*28
MANAGEMENT AND GENERAL EXPENSES 2012 Operational and emPloYee costs Consultant costs Rental expenses Depreciation expenses Amortisation of loan discount Utilities expenses
Total management and general expenses
15.
2011
16,117 394,044 320,903 434,006 131,494
1,724,850 430,250 394,044 270,410 188,156 145.280
---ia18,822
___1J52j90
2012
2011
2,122,258
FUND RAISING EXPENSES
Publication and emPloYee costs Others (below Rp100,000 (full amount))
Total fund raising expenses
16.
2011
793,117 76,018
934,955 147.134
____869J35
__-lJIUJ8g
2012
2011
NET ASSETS
Unrestricted Temporarily restricted Permanently restricted
Total net (liabilities)/assets
(8,4'11,694)
(3,307,158J
___13a11.694) --J3,3!Zj5B)
L H H
h H h
YAYASAN GERAKAN INDONESIA MENGAJAR
Schedule 4/12
NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2012 AND 2011 (Expressed in thousand Rupiah, unless othenrvise stated)
17.
CHANGES IN UNRESTRICTED NET ASSETS 2012
2011
Unrestricted incomes Contributions Others
10,118,973 486.895
9,810,944 616.646
10.605.868
10,427.590
11,422,447
3,419,922 869,135
11,547,223 3,152,990 1,082.089
Total expenses
15,710.404
15.782,302
Decrease in unrestricted net assets
(5.104.536)
$.354.712\
Total unrestricted incomes
Expenses "Pengajar Muda" program expenses Management and general expenses Fund raising expenses
H 18.
SIGNIFICANTAGREEMENTS Starting from2010 up to 2012, the Foundation entered into an agreement with lndika in which lndika supports the Foundation to develop and expand its movement.
PJ
h L PJ b b h,
L PJ
b b h L:
L H]
b F
On 25 June 2012, the Foundation entered into an agreement with Mandiri in which Mandiri agreed to become sponsors for "Pengajar Muda" program to support 1B fostered elementary schools, where Pengajar Muda placed for period 2012 until2013. On 31 October 2012, the Foundation entered into an agreement with PGN in which PGN agreed to contribute funds to support recruitment phase of "Pengajar Muda" for batch Vl and Vll during year 2012 until year 2013. The Foundation subsequently entered into another agreement on 14 February 2013 in which PGN agreed to support financially the assignment of 31 young teachers for one assignment period.
On 21 December 2012, the Foundation entered into an agreement with PT Bank Negara lndonesia (Persero), Tbk ("BNI"). BNI agreed to become sponsors for
"Pengajar Muda" program to support 46 fostered elementary schools, where Pengajar Muda placed for period 2013 until 2014.
On 27 May 2013, the Foundation entered into an agreement with PT Pertamina (Persero), ("Pertamina") in which Pertamina agreed to become sponsors for "Pengajar Muda" program to support 14 fostered elementary schools, where Pengajar Muda placed for period 2013 until 2014.
YAYASAN GERAKAN INDONESIA MENGAJAR
Schedule 4/13
NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2012 AND 2011 (Expressed in thousand Rupiah, unless othenruise stated)
18.
SIGNIFICANT AGREEMENTS (continued) with Chevron West On 27 Septembe r ZO13,the Foundation entered into an agreement to Fup* t, LtO. and Chevron West Papua lll, Ltd. ("Chevron") regarding cooperation for sponsors become to agreed support fostered elementary schools. Chevron "Pengajar Muda" program for one year period until 2014'
19.
GOING CONCERN bitlion As at 31 December 2012, the Foundation had negative working clpital of. Rp7.4 the 2012, December year 31 ended and net liabilities of Rp8.a billion. Moreover, for the flows cash operating net assets of the Foundation decreased by Rp5.1 billion and the in the negative amount of Rp3.7 billion. These conditions raise doubt about the Foundatioi's ability to continue as going concern. To overcome the above conditions, the Foundation rras entered into tfre cooperation agreements with third partiesin ,rbr"qr"nt to 31 December 2012 and is also planning for open public donation do not order to obtain more funds for operational purposes. The financial statements of this include the effect of any adjusiments that might result from the outcome
uncertaintY.
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