Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698752404517.pdf (Malaysia)
ISI KANDUNGAN / CONTENTS ISI KANDUNGAN CONTENTS 01 Profil Korporat Corporate Profile 02 Visi dan Misi Korporat Corporate Vision and Mission 03 Ahli-Ahli Lembaga Pengarah Members of the Board of Directors 04 Pengurusan Management 05 Struktur Organisasi Organizational structure 06 Perutusan Pengerusi Chairman’s Message 07 Prestasi Keseluruhan Overall Performance 08 Diary Korporat Corporate Diary 09 Penyata Kewangan Financial Statements 02 - 03 04 - 05 06 07 08 09 - 14 15 - 41 42 - 47 48 - 121 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 01 PROFIL KORPORAT PROFIL KORPORAT Pada 15hb Ogos 1981, Lembaga Pelabuhan Bintulu ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu 1981.
Ia juga merupakan sebuah Badan Berkanun Persekutuan di bawah Kementerian Pengangkutan Malaysia.

Pembangunan pentadbiran, pemasaran dan pembekal perkhidmatan pelabuhan merupakan skop terbesar untuk menjadikan Pelabuhan Bintulu sebagai pusat pengangkutan dan pengedaran yang efektif dan efisien di rangkaian BIMP-EAGA.

Pelabuhan Bintulu telah mula beroperasi pada 1hb Januari 1983.
Kedudukan laluan yang strategik di antara Timur Jauh dengan Eropah merupakan kelebihan kepada Pelabuhan Bintulu sebagai pelabuhan antarabangsa.

Ianya juga merupakan laluan utama eksport Gas Asli Cecair (LNG) dari Malaysia.

Di samping itu, Pelabuhan Bintulu juga menawarkan fasiliti dan peralatan yang moden serta canggih untuk pengendalian kontena, kargo pukal cair dan kering serta kargo am.
Mulai 1 Januari 1993, operasi perkhidmatan Pelabuhan Bintulu telah diswastakan di bawah Akta Pelabuhan-Pelabuhan (Penswastaan) 1990 sejajar dengan Dasar Penswastaan Kebangsaan.

Dengan penswastaan tersebut, sebuah syarikat operasi pelabuhan iaitu syarikat Bintulu Port Sdn.

Bhd.

telah dilesenkan oleh Lembaga Pelabuhan Bintulu bagi menjalankan operasi perkhidmatan pelabuhan.

Syarikat Bintulu Port Sdn.

Bhd.

ditubuhkan pada 23hb Disember 1992 dan memulakan operasinya pada 1hb Januari 1993.
Berikutan penswastaan operasi Pelabuhan Bintulu pada tahun 1993, peranan dan fungsi-fungsi utama Lembaga Pelabuhan Bintulu telah disusun semula agar sejajar dengan fungsi utamanya sebagai Badan Kawalselia.
Dengan ini Lembaga Pelabuhan Bintulu telah diberi tanggungjawab untuk melaksanakan fungsi kawalselia dalam mengawasi segala aktiviti pelabuhan termasuk penggunaan kemudahan dan operasi pelabuhan oleh pengendali pelabuhan berlesen dan bertindak sebagai pemilik kepada aset hartanah, fasilitator perdagangan, perancang dan pembangunan pelabuhan.

Lembaga Pelabuhan Bintulu juga bertanggungjawab untuk memastikan dan mengawasi keselamatan operasi pelabuhan.
02 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 01 CORPORATE PROFILE CORPORATE PROFILE Bintulu Port Authority was established under the Bintulu Port Authority Act 1981 On 15 August 1981.

It is a Federal Statutory Body under the Ministry of Transport, Malaysia.

As a port administration, marketing, and service provision body, its main agenda is to make Bintulu Port an effective and efficient transportation and distribution center in the BIMP-EAGA network.
Bintulu Port started its operation on 1 January 1983.

Bintulu’s strategic position on the route between the Far East and Europe creates an advantage for the Bintulu Port as an international port.

It has also become the main export route for Liquefied Natural Gas (LNG) from Malaysia.

In addition, Bintulu Port offers modern and advanced facilities and equipment for handling containers, liquid, and dry bulk cargos, as well as general cargos.
In line with the National Privatization Policy, Bintulu Port services were privatized under the Ports (Privatization) Act 1990 starting 1 January 1993.

The Bintulu Port Authority has licensed a port operating company, Bintulu Port Sdn.

Bhd, to handle the port’s service operations.

Subsequently, Bintulu Port Sdn.

Bhd.

was established on 23 December 1992 and started operation on 1 January 1993.
Following the privatization of Bintulu Port operations in 1993, the main roles and functions of Bintulu Port Authority were restructured to align with its primary function as a Regulatory Body.

Bintulu Port Authority is responsible for performing regulatory functions and overseeing all port activities, including usage of port facilities and operations by licensed port operators and also act as real estate assets owners, trade facilitators, port planners, and developers.
The Bintulu Port Authority is also responsible for safeguarding the safety of port operations.

LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 03 02 VISI DAN MISI KORPORAT VISI DAN MISI KORPORAT VISI Sebagai Pihak Berkuasa dan Badan Kawalselia Pelabuhan, visi LPB adalah untuk menjadikan Pelabuhan Bintulu sebagai pelabuhan yang paling efisien, selamat dan berdaya saing di rantau ini.
Untuk merealisasikan visi tersebut, LPB telah merangka misi berikut: MISI Memastikan pengendalian operasi pelabuhan oleh pihak swasta berjalan dengan lancar Memastikan pengguna pelabuhan mendapat perkhidmatan yang berkualiti setanding dengan pelabuhan-pelabuhan utama di rantau ini; Mengambil tindakan segera terhadap aduan dan mengambil kira pandangan orang awam mengenai perkhidmatan dan kemudahan di pelabuhan; Melahirkan tenaga kerja professional, mahir dan terlatih untuk meningkatkan lagi mutu perkhidmatan dan produktiviti; Memastikan pengguna pelabuhan mematuhi segala garis panduan pelabuhan dan menjalankan kerja-kerja pengendalian mengikut perundangan dan peraturan LPB; Memajukan dan menggalakkan perkembangan, pembangunan dan infrastruktur pelabuhan untuk kemudahan penggunanya; dan Mewujudkan kemudahan pelabuhan yang lengkap dan termoden dalam pengendalian gas asli cecair (LNG) serta berusaha menjadikan Pelabuhan Bintulu sebagai pelabuhan utama dalam bidang tersebut di pasaran dunia.
OBJEKTIF Menjalankan aktiviti pengawalseliaan perkhidmatan pelabuhan yang berkualiti dan mampu berdaya saing setanding dengan pelabuhan-pelabuhan utama di rantau ini; Memastikan sistem penyampaian perkhidmatan pelabuhan menepati kehendak pelanggan; dan Memastikan pembangunan infrastruktur selari dengan kehendak pengguna dari masa ke semasa.
04 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 02 CORPORATE VISION AND MISSION CORPORATE VISION AND MISSION VISION As a Port Authority and Regulatory body, BPA’s vision is to make Bintulu Port the most efficient, safe, and competitive port in the region.

To realize this vision, BPA has outlined the following missions: MISSIONS Ensuring the smooth operation of the port by the private sector.
Ensuring port users get quality services comparable to other major ports in the region; Taking immediate actions on complaints and considering the public’s opinions on the services and facilities at the port; Producing a professional, skilled, and trained workforce to further improve service quality and productivity; Ensuring that port users comply with all port guidelines and carry out operational works in accordance with BPA laws and regulations; Promoting and encouraging the development and improvement of port infrastructure for the convenience of its users; and Providing a comprehensive and state-of-the-art port facility for handling liquefied natural gas (LNG) and striving to make Bintulu Port one of the major ports in the world’s trade route.
OBJECTIVES To carry out regulatory activities to ensure high quality and competitive port services on par with other major ports in the region; To ensure that the port service delivery system meets customers’ needs, and To ensure infrastructure development is in line with customers’ needs from time to time.
LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 05 03 AHLI-AHLI LEMBAGA PENGARAH / BOARD OF DIRECTORS AHLI-AHLI LEMBAGA PENGARAH BOARD OF DIRECTORS PENGERUSI / CHAIRMAN YB Datuk Robert Lawson Chuat Anak Vincent Entering Ahli Bebas (mula 7 April 2020 hingga 3 Oktober 2022) Independent Member (from 7 April 2020 to 3 October 2022) TIMBALAN PENGERUSI / DEPUTY CHAIRMAN YBrs Dr. Pamela Yong Ahli Bebas (mula 9 Julai 2020 hingga 8 Julai 2021) Independent Member (from 9 July 2020 to 8 July 2021) AHLI-AHLI / BOARD MEMBERS YBhg Datuk Abdul Kadier Sahib Independent Member (from 9 July 2020 to 8 July 2021) Ahli Bebas (mula 9 Julai 2020 hingga 8 Julai 2021) YBrs Jaziri Alkaf Abdillah Suffian Independent Member (from 9 July 2020 to 8 July 2021) Ahli Bebas (mula 9 Julai 2020 hingga 8 Julai 2021) YBrs Farithal Bin Sahari Principal Assistant Secretary Ministry of Finance Malaysia (from 29 July 2020 to 28 July 2021) Ketua Penolong Setiausaha Kementerian Kewangan Malaysia (mula 29 Julai 2020 hingga 28 Julai 2021) YBhg Datuk Hisyam Ishak Secretary-General Ministry of Transport Malaysia (from 12 MARCH 2020 to 11 MARCH 2021) Ketua Setiausaha Kementerian Pengangkutan Malaysia (mula 12 MAC 2020 hingga 11 MAC 2021) Zulkurnain bin Ayub General Manager Bintulu Port Authority (from 20 March 2017 to now ) Pengurus Besar Lembaga Pelabuhan Bintulu (mula 20 March 2017 hingga kini ) YBrs Mohamad Yakup bin Kari General Manager Bintulu Development Authority (from 30 November 2020 to 29 November 2021)
 Pengurus Besar Lembaga Kemajuan Bintulu (mula 30 November 2020 hingga 29 November 2021) YBhg Dato Sri Haji Mohamad Abu Bakar Bin Marzuki Deputy Secretary, Sarawak State Government (Socio-Economic Transformation) (from 2 June 2020 to 1st June 2021) Timbalan Setiausaha Kerajaan Negeri (Transformasi Sosio-Ekonomi ) (mula 2 Jun 2020 hingga 1 Jun 2021) 06 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 04 PENGURUSAN / MANAGEMENT PENGURUS BESAR / MANAGEMENT GENERAL MANAGER Zulkurnain Bin Ayub PENOLONG PENGURUS BESAR (OPERASI) / ASSISTANT GENERAL MANAGER (OPERATION) Capt.
Zakhir Khan bin Yusop PENOLONG PENGURUSAN BESAR (KORPORAT) / ASSISTANT GENERAL MANAGER (CORPORATE) Anuar bin Aikne PENGURUS PENTADBIRAN, KEWANGAN DAN ASET / ADMINISTRATIVE, FINANCE, AND ASET MANAGER Hida Binti Jerman PENGURUS UNDANG-UNDANG / LEGAL MANAGER Norkartiny Nawawi AKAUNTAN KANAN / SENIOR ACCOUNTANT Rajunawati binti Abdul Rajid PENGURUS SUMBER MANUSIA / HUMAN RESOURCE MANAGER Khatizah binti Hanapi PEGURUS KESELAMATAN, KESIHATAN DAN ALAM SEKITAR / SAFETY, HEALTH, AND ENVIRONMENTAL MANAGER Zuraidah binti Mohd Rais PENGURUS KOMERSIAL DAN PERANCANGAN / COMMERCIAL AND PLANNING MANAGER Khartina binti Abu Bakar PENGURUS KESELAMATAN DAN KEBOMBAAN / SAFETY AND FIRE MANAGER Awang Jahmari bin Awang Junaidi PENGURUS OPERASI / OPERATION MANAGER Mohd Yoshikatriezan bin Abeng PENGURUS KEJURUTERAAN / ENGINEERING MANAGER Abang Afzanizam Syam Bin Abang Junaidi PEGAWAI KESELAMATAN KANAN / SENIOR SAFETY OFFICER Dzulkarnain Abbas Abdullah AKAUNTAN (KEWANGAN) / ACCOUNTANT (FINANCE) Siti Aida Supinah binti Karim PEGAWAI TEKNOLOGI MAKLUMAT / INFORMATION TECHNOLOGY OFFICER Azmat bin Annuar JURUAUDIT DALAM / INTERNAL AUDITOR Hamisah Binti Tahir LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 07 YBhg Datuk Abdul Kadier Sahib Independent Member (from 9 July 2020 to 8 July 2021) Ahli Bebas (mula 9 Julai 2020 hingga 8 Julai 2021) YBrs Jaziri Alkaf Abdillah Suffian Independent Member (from 9 July 2020 to 8 July 2021) Ahli Bebas (mula 9 Julai 2020 hingga 8 Julai 2021) YBrs Farithal Bin Sahari
 Principal Assistant Secretary Ministry of Finance Malaysia (from 29 July 2020 to 28 July 2021) Ketua Penolong Setiausaha Kementerian Kewangan Malaysia (mula 29 Julai 2020 hingga 28 Julai 2021) 05 STRUKTUR ORGANISASI / ORGANIZATIONAL STRUCTURE I E R U T C U R T S L A N O I T A Z N A G R O / I S A S I N A G R O R U T K U R T S & I S U R E G N E P / & N A N U G N A B M E P / N A R U B A L E P D N A T N E
N U G N A B M E P / / & N A G N A W E K / / / & T I D U A / O K S R I I I K S R & / N A T A M D H K R E P I I E C V R E S E E T T I M M O C / I S A R E P O N A G A H A B I S N O I T A R E P O / N A M A L A D T I D U A T I N U T I D U A L A N R E T N I - G N A D N U T I N U / G N A D N U I I I N O S V D L A G E L / , N A T A M A L E S E K & N A T A H S E K I / R A T I K E S M A L A & H T L A E H , & N A T A M A L E S E K / N A A B M O B E K E R I F & / / / & L A S R E M O K / I
/ , I N A R B D A T N E P & N A G N A W E K / T E S A , N O I T A R T S I N M D A I & E C N A N I F S T E S S A N O I S I V D I 08 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 06 PERUTUSAN PENEGERUSI PERUTUSAN PENGERUSI Bagi pihak Lembaga Pengarah, saya dengan sukacitanya membentangkan Laporan Tahunan dan Penyata Kewangan Lembaga Pelabuhan Bintulu (LPB) bagi tahun
 kewangan berakhir 31 Disember 2020.
Tahun 2020 merupakan tahun yang tidak mungkin dapat dilupakan oleh seluruh masyarakat dunia kerana pada tahun ini dunia telah dilanda oleh pandemik Covid-19.

Pandemik Covid-19 telah mengakibatkan krisis kesihatan dunia yang amat serius sehingga menyebabkan jumlah korban yang sangat tinggi.

Covid-19 telah memaksa pelbagai aktiviti harian tidak dapat dilaksanakan dan turut mempengaruhi sektor ekonomi dunia.
Prestasi ekonomi negara turut terkesan dan boleh dilihat dari penguncupan ekonomi yang ketara terutamanya pada suku tahun kedua dimana pada waktu ini Covid-19 sudah mula menular dan memaksa kerajaan melaksanakan Perintah Kawalan Pergerakan (PKP).

Prestasi ekonomi perlahan yang terjejas akibat pandemik Covid-19 turut mengakibatkan penurunan kendalian kargo di Pelabuhan Bintulu sepanjang tahun ini.
Prestasi pengendalian kargo di Pelabuhan Bintulu pada tahun 2020 telah mencatatkan penurunan sebanyak 5.09% dengan pengendalian kargo berjumlah 42.89 juta tan berbanding 45.19 juta tan pada tahun 2019.

Antara kargo utama yang telah mencatatkan penurunan ketara adalah Gas Asli Cecair (LNG) dimana pada tahun ini telah mencatatkan kendalian sebanyak 23.00 juta tan berbanding 25.42 juta tan pada 2019.
Kargo-kargo selain daripada kargo LNG turut mencatatkan penurunan yang ketara terutamanya kargo pukal kering dan kargo pukal cerai.

Kargo pukal kering telah mencatat- kan penurunan sebanyak 25.17 % iaitu daripada 2.94 juta tan pada 2019 kepada 2.20 juta tan pada 2020 diikuti kargo pukal cerai dengan penurunan sebanyak 21.13% daripada 0.71 juta tan kepada 0.56 juta tan pada 2020.
Pandemik Covid -19 dan Perintah Kawalan Pergerakan yang dilaksanakan pada suku tahun kedua telah mengakibatkan pengeluaran beberapa kargo utama seperti LNG, produk berasakan Petroleum, Minyak mentah, Minyak Sawit dan Kargo am lain menurun dan secara tidak langsung mempengaruhi kendalian kargo di Pelabuhan Bintulu.
Kendalian kontena di Pelabuhan Bintulu turut mencatatkan penurunan pada tahun ini dengan jumlah kendalian sebanyak 339,621 TEUs berbanding 345,564 TEUs pada tahun sebelumnya, LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 09 06 PERUTUSAN PENEGERUSI penurunan sebanyak 1.7%.

Jumlah singgahan kapal mencatat penurunan sebanyak 15.3% daripada 7,740 singgahan pada tahun 2019 kepada 6,555 singgahan pada tahun 2020.
Lembaga Pelabuhan Bintulu telah mencatatkan prestasi kewangan yang baik untuk tahun kewangan berakhir 31 Disember 2020.

Pendapatan Lembaga Pelabuhan Bintulu untuk tahun 2020 mencatatkan RM188.14 juta berbanding RM187.79 juta bagi tahun 2019 iaitu meningkat sebanyak 0.18%.

Peningkatan ini disebabkan pendapatan sewa pajakan bagi tahun 2020 telah meningkat pada kadar 10.17% iaitu daripada RM135.52 juta pada tahun 2019 kepada RM149.30 juta pada tahun 2020.
Jumlah perbelanjaan LPB pada tahun ini meningkat sebanyak 86.18% iaitu daripada RM83.38 juta pada tahun 2019 kepada RM155.24 juta pada tahun 2020.

Pening- katan adalah disebabkan perbelanjaan hapuskira kerja dalam kemajuan/hartanah pelaburan telah meningkat dan perbelanjaan kepada Lembaga Pelabuhan Labuan (LPL).

LPB sentiasa berusaha menambahbaik urusan dan pengendalian operasi harian dengan meningkatkan keberkesanan dan meningkatkan kualiti perkhidmatan pelabuhan.
Biarpun pandemik Covid-19 ini telah menyebabkan banyak perancangan terpaksa ditangguhkan namun begitu usaha untuk menambahbaik perkhidmatan terus dirancang dan dilaksanakan.

Aspek keselamatan amat penting dan menjadi keutamaan dalam peringkat operasi di pelabuhan dan LPB terus berusaha untuk memastikan Pelabuhan Bintulu sentiasa mematuhi kod keselamatan antarabangsa iaitu International Ship and Port Facility Security (ISPS).
LPB terus melaksanakan audit keselamatan secara berterusan ke atas kemudahan pelabuhan, kapal dan amalan operasi untuk memastikan tahap pematuhan yang tinggi di kalangan pengendali dan pengguna pelabuhan bagi mengenalpasti masalah-masalah yang dihadapi dan merancang langkah-langkah yang perlu diambil untuk mencegah dan menangani masalah yang boleh mempengaruhi operasi pelabuhan.
Memenuhi keperluan pengguna merupakan matlamat utama LPB, dengan itu saban tahun pembangunan dan penambahbaikan infrastruktur pelabuhan terus dilaksanakan.

Pembangunan berterusan yang dijalankan oleh LPB dan Bintulu Port Sdn.

Bhd.

(BPSB) akan dapat memastikan Pelabuhan Bintulu terus mengekalkan dan meningkatkan lagi prestasi operasi pelabuhan dalam memenuhi kehendak pelanggan semasa mahupun pelanggan yang akan datang.
Pada tahun ini, LPB bersama BPSB telah bekerjasama bersama dua buah syarikat iaitu Tiger Gas (M) Sdn.

Bhd.

dan juga Borneo United Consortium Sdn.

Bhd.

untuk membangunkan dua fasiliti LNG ISO Tank filling station di Pelabuhan Bintulu.
Pembangunan fasiliti ini bukan sahaja boleh 10 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 06 PERUTUSAN PENGERUSI meningkatkan jumlah pengendalian kargo di Pelabuhan Bintulu tetapi juga berupaya meluaskan pasaran LNG di rantau ini.

Persekitaran ekonomi global dijangka akan terus mencabar pada masa akan datang dimana kesan daripada Pandemik ini akan berlarutan untuk beberapa tahun lagi.
Sebagai sebuah pelabuhan yang berorientasikan eksport, Pelabuhan Bintulu dijangka akan turut terkesan dengan keadaan ekonomi dunia yang tidak menentu.

Bagaimanapun usaha untuk meneroka opsyen lain dan juga perkembangan sektor domestik dijangka dapat mengawal impak tersebut.
Pembangunan pesat sektor perindustrian di kawasan Sarawak Corridor of Renewal Energy (SCORE) di Samalaju dan juga pembangunan baru seperti fasiliti LNG ISO Tank pasti dapat meningkatkan permintaan perkhidmatan kendalian kargo melalui Pelabuhan Bintulu.

Perkembangan ini dijangka dapat mendorong serta memberi impak yang positif kepada Pelabuhan Bintulu pada masa yang akan datang.
Bagi pihak Lembaga Pengarah, saya ingin mengambil kesempatan ini merakamkan setinggi-tinggi penghargaan kepada kerajaan negeri dan pusat, badan-badan dan agensi-agensi kerajaan yang berkaitan, syarikat pengendali pelabuhan serta pengguna pelabuhan yang lain atas kerjasama dan sokongan dalam memastikan kejayaan Pelabuhan Bintulu.
Sekalung penghargaan juga ditujukan kepada pengurusan dan kakitangan Lembaga Pelabuhan Bintulu yang menjadi tulang belakang dan bertanggungjawab memegang amanah dalam memastikan Pelabuhan Bintulu terus membangun dan mencapai kecemerlangan yang lebih tinggi di masa hadapan.
.............................................................................................. Datuk Robert Lawson Chuat anak Vincent Entering Pengerusi Lembaga Pelabuhan Bintulu LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 11 06 CHAIRMAN’S STATEMENT CHAIRMAN’S STATEMENT On behalf of the Board, I am pleased to present the Bintulu Port Authority (BPA) Annual Report and Financial Statements for the financial year ending 31 December 2020.
2020 is a year that the entire world will never forget due to the Covid-19 pandemic.

The Covid-19 pandemic has caused a very serious world health crisis and a high number of casualties.

It has hindered various daily activities and affected the global economic sector.
The country’s economic performance was also affected, as evident by the significant economic decline, especially in the second quarter of the year, which saw the rampant spread of Covid-19 and forced the government to implement the Movement Control Order (MCO).

The slow economic performance due to the Covid-19 pandemic also resulted in declining cargo throughput in Bintulu Port.
In 2020, the cargo throughput performance in Bintulu Port recorded a decrease of 5.09%, with a total cargo throughput of 42.89 million tons compared to 45.19 million tons in 2019.

One of the major cargo categories recorded a significant decrease is Liquefied Natural Gas (LNG), with a throughput of 23.00 million tons in 2020, compared to 25.42 million tons in 2019.

Cargoes other than LNG also recorded a significant decrease, especially dry bulk cargo and breakbulk cargo.
Dry bulk cargo recorded a decrease of 25.17 % from 2.94 million tons in 2019 to 2.20 million tons in 2020, followed by breakbulk cargo with a decrease of 21.13 % from 0.71 million tons to 0.56 million tons in 2020.

The Covid -19 Pandemic and the Movement Control Order implemented in the second quarter of the year has resulted in the decrease of the production of several major cargoes such as LNG, Petroleum-based products, Crude Oil, Palm Oil, and other general cargo.
This situation indirectly affected cargo throughput in Bintulu Port.

Moreover, container throughput in Bintulu Port also recorded a decrease this year with a Total of 339,621 TEUs compared to 345,564 TEUs in the previous year, a decrease of 1.7 %.

Similarly, the total vessel calls decreased 15.3% from 7,740 calls in 2019 to 6,555 calls in 2020.

In the meantime, Bintulu Port Authority has recorded a good financial performance for the financial year ending 31 December 2020.
Bintulu Port Authority revenue for 2020 was recorded at RM188.14 million compared to RM187.79 million for 2019, an increase of 0.18%.

This increase 12 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 06 CHAIRMAN’S STATEMENT is due to the lease rental income for 2020 has increased at a rate of 10.17% from RM135.52 million in 2019 to RM149.30 million in 2020.

Total BPA expenditure this year increased by 86.18% from RM83.38 million in 2019 to RM155.24 million in 2020.
The increase is due to the increase in write -off expenditure in development/investment properties and expenditure to the Labuan Port Authority (LPA).

BPA constantly strives to improve its daily operations by increasing efficiency and improving the quality of port services.

While the Covid-19 pandemic has caused many plans to be postponed, efforts to improve services continue to be planned and implemented.

Security is a very important aspect of BPA.


Thus, safety aspects have been prioritized at the operational level at the port, and BPA continues to strive to ensure that Bintulu Port always complies with the international security code, specifically the International Ship and Port Facility Security (ISPS).
BPA continues to conduct continuous safety audits of port facilities, vessels, and operational practices to ensure a high level of compliance among port operators and users to identify problems encountered and plan measures to be taken to prevent and address potential problems affecting port operations.

As meeting consumers’ needs is the main goal of BPA, the port has continuously developed and improved port infrastructure.

The ongoing development efforts carried out by BPA and Bintulu Port Sdn.
Bhd (BPSB) will ensure that Bintulu Port continues to maintain and improve the performance of port operations in meeting the needs of current and future customers.

This year, LPB and BPSB have collaborated with two companies, Tiger Gas (M) Sdn.

Bhd.

and Borneo United Consortium Sdn.

Bhd to develop LNG ISO tanks filling station facility in Bintulu Port.

The development of such a facility will increase the total cargo throughput in Bintulu Port and help expand the LNG market in the region.
The Covid-19 pandemic is expected to leave a long-lasting effect on the world’s economy; hence, the volatile global economic environment is expected to continue in the near future.

As an export-oriented port, Bintulu Port is preparing itself to face the uncertain global economic situation.

In this light, exploring other options and increasing the growth of the domestic sector are expected to mitigate the effects of global uncertainties.
The rapid development of the industrial sector within the Sarawak Corridor of Renewal Energy (SCORE) region in Samalaju and new developments, such as the LNG ISO Tank facility, are expected to fuel the demand for cargo handling services in Bintulu Port.

Moreover, this development is expected to drive growth and positively impact the future of Bintulu Port.
LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 13 06 CHAIRMAN’S STATEMENT On behalf of the Board, I would like to take this opportunity to express my sincere appreciation to the state and federal governments, relevant government bodies and agencies, port operating companies, and other port users for their cooperation and support in ensuring the success of Bintulu Port.

I would also extend my gratitude to the managers and staff of Bintulu Port Authority.
They are the backbone and responsible for ensuring that Bintulu Port continues to develop and achieve excellence in the future.

.............................................................................................. Datuk Robert Lawson Chuat anak Vincent Entering Chairman Bintulu Port Authority 14 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 07 PRESTASI KESELURUHAN PENCAPAIAN 2020 OPERASI BUTIRAN 2019 2020 Pencapaian% + (-) 1.
Jumlah Kargo Yang Dikendalikan (FWT) 2.

Jumlah Kontena dikendalikan (TEUs) 3.

Bilangan singgahan Kapal 4.

Jumlah Kargo Export (FWT) 5.

Jumlah Kargo Import (FWT) 45,196,776 42,895,889 345,564 339,621 7,740 6,555 40,247,956 38,003,435 4,948,820 4,892,453 -5.09 -1.71 -15.31 -5.57 -1.13 KEWANGAN BUTIRAN 2019 2020 DETAILS 1.

Aset Semasa 2.

Liabiliti Semasa 3.

Aset Semasa Bersih 4.

Jumlah Pendapatan 5.

Jumlah Perbelanjaan 6.

Keuntungan/ Kerugian Sebelum Cukai 7.

Cukai Tahun Semasa 8.
Keuntungan Selepas Cukai 2019 555,087,645 58,866,617 611,090,350 2020 64,845,554 2,004,193,565 2,005,787,216 187,797,945 188,142,538 83,384,179 155,244,279 104,413,766 32,898,259 (24,530,641) (31,681,028) 79,883,125 1,217,231 7,740 Pencapaian% + (-) Performance % 10.09 + (-) 10.16 0.08 0.18 86.18 (68.49) 29.15 (98.48) 6,555 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 15 07 OVERALL PERFORMANCE 07 OVERALL PERFORMANCE PERFORMANCE PERFORMANCE OPERATION OPERATION DETAILS DETAILS 2019 2019 2020 2020 Achievements% Achievement % + (-) + (-) 1.
Total 1.

Total Throughput Throughput (FWT) (FWT) 2.

Total Container 2.

Total Container Throughput Throughput (TEUs) (TEUs) 3.

Total Vessel 3.

Total Vessel Calls Calls 4.

Total Export 4.

Total Export Cargo (FWT) Cargo (FWT) 5.

Total Import 5.
Total Import 5.

Total Import Cargo (FWT) Cargo (FWT) 45,196,776 45,196,776 42,895,889 42,895,889 345,564 345,564 339,621 339,621 7,740 7,740 6,555 6,555 40,247,956 40,247,956 38,003,435 38,003,435 4,948,820 4,948,820 4,892,453 4,892,453 -5.09 -5.09 -1.71 -1.71 -15.31 -15.31 -5.57 -5.57 -1.13 -1.13 FINANCIAL FINANCIAL DETAILS DETAILS 2019 2019 2020 2020 DETAILS DETAILS 1.

Current Asset 1.

Current Asset 2.

Current Liability 2.

Current Liability 3.

Net Current 3.


Net Current Asset Asset 2019 2019 555,087,645 555,087,645 58,866,617 58,866,617 611,090,350 611,090,350 2020 2020 64,845,554 64,845,554 2,004,193,565 2,004,193,565 2,005,787,216 2,005,787,216 4.

Total Income 4.

Total Income 187,797,945 187,797,945 188,142,538 188,142,538 5.

Total 5.

Total Expenditures Expenditures 6.

Profit/ Loss 6.

Profit/ Loss Before Tax Before Tax 7.

Current Year 7.

Current Year Tax Tax 8.

Profit After 8.
Profit After Tax Tax 83,384,179 83,384,179 155,244,279 155,244,279 104,413,766 104,413,766 32,898,259 32,898,259 (24,530,641) (24,530,641) (31,681,028) (31,681,028) 79,883,125 79,883,125 1,217,231 1,217,231 7,740 7,740 7,740 7,740 Achievement % Achievements% + (-) + (-) Performance % Performance % 10.09 10.09 + (-) + (-) 10.16 10.16 0.08 0.08 0.18 0.18 86.18 86.18 (68.49) (68.49) 29.15 29.15 (98.48) (98.48) 6,555 6,555 6,555 6,555 16 16 LAPORAN TAHUNAN 2020 LAPORAN TAHUNAN 2020 ANNUAL PORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU ANNUAL PORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 07 PRESTASI KESELURUHAN STATISTIK PENGENDALIAN KARGO (JUTA TAN) 4.60 4.60 1.28 3.65 4.90 2016 2.14 36.80 2017 2018 33.45 34.67 35.77 2019 0.99 2.94 5.48 4.32 5.72 1.90 0.56 9.57 3.04 5.37 2020 PUKAL CECAIR PUKAL KERING KARGO AM KARGO CONTAINER SINGGAHAN KAPAL 7,000 6,000 5,000 4,000 3,000 2,000 1,000 6 0 9 5 , 0 7 2 5 , 2 9 4 , 5 9 3 6 , 4 8 6 5 , 4 0 6 7 , 1 6 3 4 0 4 3 2 4 7 , 1 8 2 6 , 1 1 3 3 4 7 3 3 1 3 2 4 3 4 2 6 , 1 8 0 3 7 6 2 4 4 0 , 1 3 4 2 0 4 2 2016 2017 2018 2019 2020 PUKAL CECAIR PUKAL KERING KARGO AM LAIN-LAIN 6,555 LAPORAN TAHUNAN 2020 ANNUAL PORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 17 07 OVERALL PERFORMANCE STATISTICS CARGO THROUGHPUT (MILLION TONS) 4.60 4.60 1.28 3.65 4.90 2016 2.14 36.80 2017 2018 33.45 34.67 35.77 2019 0.99 2.94 5.48 4.32 5.72 1.90 0.56 9.57 3.04 5.37 2020 LIQUID BULK DRY BULK GENERAL CARGO CONTAINER CARGO VESSEL CALLS 7,000 6,000 5,000 4,000 3,000
 2,000 1,000 6 0 9 5 , 0 7 2 5 , 2 9 4 , 5 9 3 6 , 4 8 6 5 , 4 0 6 7 , 1 6 3 4 0 4 3 2 4 7 , 1 8 2 6 , 1 1 3 3 4 7 3 3 1 3 2 4 3 4 2 6 , 1 8 0 3 7 6 2 4 4 0 , 1 3 4 2 0 4 2 2016 2017 2018 2019 2020 LIQUID BULK DRY BULK 7,740 GENERAL CARGO OTHERS 6,555 18 LAPORAN TAHUNAN 2020 ANNUAL PORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 07 PRESTASI KESELURUHAN PENGENDALIAN KARGO EKSPORT (JUTA TAN) 1 .
5 7 80.00 70.00 60.00 50.00 40.00 30.00 20.00 10.00 0.00 0 5 3 3 .

0 5 5 3 .

0 2 2 3 .

.

2 6 4 3 0 6 8 .

0 4 .

1 5 0 8 .

0 4 .

1 0 0 2 .

0 5 0 .

4 8 .

1 2 4 0 .

0 6 5 .

0 8 7 .


2016 2017 2018 2019 2020 PUKAL CECAIR PUKAL KERING KARGO AM PENGENDALIAN KARGO IMPORT (JUTA TAN) 4.30 3.24 1.21 2016 2.40 3.00 1.23 2017 0.30 2.10 1.30 2018 0.28 1.10 1.14 2019 5.00 2.7 2.3 2020 KARGO AM PUKAL KERING PUKAL CECAIR LAPORAN TAHUNAN 2020 ANNUAL PORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 19 07 OVERALL PERFORMANCE EXPORT CARGO THROUGHPUT (MILLION TONS) 80.00 70.00 60.00 50.00 40.00 30.00 20.00 10.00 0.00 1 .

5 7 0 5 3 3 .

0 5 5 3 .


0 2 2 3 .

.

2 6 4 3 0 6 8 .

0 4 .

1 5 0 8 .

0 4 .

1 0 0 2 .

0 5 0 .

4 8 .

1 2 4 0 .

0 6 5 .

0 8 7 .
2016 2017 2018 2019 2020 LIQUID BULK DRY BULK GENERAL CARGO IMPORT CARGO THROUGHPUT (MILLION TONS) 4.30 3.24 1.21 2016 2.40 3.00 1.23 2017 0.30 2.10 1.30 2018 0.28 1.10 1.14 2019 5.00 2.7 2.3 2020 GENERAL CARGO DRY BULK LIQUID BULK 20 LAPORAN TAHUNAN 2020 ANNUAL PORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 07 PRESTASI KESELURUHAN SINGGAHAN KAPAL MENGIKUT KATEGORI SINGGAHAN KAPAL MENGIKUT KATEGORI 3 2 0 6 , 3 5 9 4 , 7 1 7 , 1 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 2016 2017 2018 2019 2020 DALAM NEGERI ASING PENGENDALIAN KONTENA (TEUs) PENGENDALIAN KONTENA (TEUs) 121,595 119,215 103,086 99,703 137,985 137,904 128,877 135,262 130,740 123,180 160,000 140,000 120,000 100,000 80,000 60,000 40,000 20,000 0 2016 2017 2018 2019 2020 IMPORT EKSPORT LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 21 07 OVERALL PERFORMANCE VESSEL CALLS ACCORDING TO CATEGORY VESSEL CALLS ACCORDING TO CATEGORY 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 3 2 0 6 , 3 5 9 4 , 7 1 7 , 1 2016 2017 2018 2019 2020 DOMESTIC FOREIGN CONTAINER THROUGHPUT (TEUs) CONTAINER THROUGHPUT (TEUs) 121,595 119,215 103,086 99,703 137,985 137,904 128,877 135,262 130,740 123,180 160,000 140,000 120,000 100,000 80,000 60,000 40,000 20,000 0 2016 2017 2018 2019 2020 IMPORT EXPORT 22 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 07 PRESTASI KESELURUHAN PRESTASI KESELURUHAN PELABUHAN Secara keseluruhannya, prestasi Pelabuhan Bintulu telah mencatat penurunan sebanyak
 -5.09% iaitu 42.89 juta tan kargo yang telah dikendalikan di Pelabuhan Bintulu pada tahun 2020 berbanding sebanyak 45.19 juta tan pada tahun 2019.
Prestasi pengendalian kontena Pelabuhan Bintulu turut mencatatkan penurunan daripada 345,564 Twenty-Foot Equivalent Units (TEUs) pada tahun 2019 kepada 339,621 TEUs pada tahun 2020 iaitu penurunan sebanyak 1.71 %.

Prestasi singgahan kapal turut tidak terkecuali menerima kesan pandemik ini dengan mencatatkan penurunan daripada 7,740 singgahan pada tahun 2019 kepada 6,555 singgahan pada tahun 2020 iaitu penurunan sebanyak 15.31%.
PRESTASI KESELURUHAN PELABUHAN BINTULU PENGENDALIAN KARGO PENGENDALIAN KARGO 50.00 45.00 40.00 35.00 30.00 25.00 20.00 15.00 10.00 5.00 0.00 2 4 5 2 .

4 3 0 1 .

4 9 2 .

1 7 0 .

8 4 5 .

8 2 0 .

0 0 3 2 .

4 2 3 1 .

0 2 2 .

6 5 0 .

0 3 5 .

9 6 0 .


Y2019 Y2020 GAS ASLI CECAIR KARGO PUKAL KERING KONTENA OTHER LIQUID CARGO BREAKBULK BALAK LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 23 07 OVERALL PERFORMANCE PORT OVERALL PERFORMANCE The overall performance of Bintulu Port has recorded a decrease of -5.09 %, with 42.89 million tons of cargo handled at Bintulu Port in 2020 compared to 45.19 million tons in 2019.
Bintulu Port’s container throughput performance also recorded a 1.71% decrease from 345,564 Twenty-Foot Equivalent Units (TEUs) in 2019 to 339,621 TEUs in 2020.

The performance of vessel calls was also affected by this pandemic.

It recorded a decrease of 15.31% from 7,740 calls in 2019 to 6,555 calls in 2020.

OVERALL PERFORMANCE OF BINTULU PORT CARGO THROUGHPUT CARGO HANDLING 50.00 45.00 40.00 35.00 30.00 25.00 20.00 15.00 10.00 5.00 0.00 2 4 5 2 .

4 3 0 1 .

4 9 2 .

1 7 0 .

8 4 5 .

8 2 0 .


0 0 3 2 .

4 2 3 1 .

0 2 2 .

6 5 0 .

0 3 5 .

9 6 0 .
Y2019 Y2020 LIQUID NATURAL GAS DRY BULK CARGO CONTAINERS OTHER LIQUID CARGO BREAKBULK LOGS 24 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 07 PRESTASI KESELURUHAN TYPE OF CARGO JENIS KARGO Y2019 Y2020 %+(-) GAS ASLI CECAIR KARGO CECAIR LAIN KARGO PUKAL KERING KARGO PUKAL KONTENA BALAK 25.42 10.34 2.94 0.71 5.48 0.28 JUMLAH (JUTA TAN) 45.19 23.00 13.24 2.20 0.56 5.30 0.69 42.89 -9.52 28.05 -25.17 -21.13 -3.28 147.39 -5.09 Pelabuhan Bintulu telah mencatatkan jumlah kendalian kargo sebanyak 42.89 juta tan sepanjang tahun 2020, penurunan sebanyak 5.09% berbanding 45.19 juta tan yang dicatatkan pada tahun 2019.
Jumlah kargo LNG telah mencatatkan penurunan sebanyak 9.52% menjadikannya salah satu punca utama penurunan kendalian kargo di Pelabuhan Bintulu secara keseluruhannya.

Pengendalian pukal cecair lain sebaliknya telah mencatatkan peningkatan sebanyak 28.05% daripada jumlah keseluruhan kendalian kargo diikuti dengan balak dengan peningkatan sebanyak 147.39%.
Beberapa kargo utama yang dikendalikan di Pelabuhan Bintulu seperti kargo pukal kering, kargo pukal dan juga kontena telah menunjukkan penurunan ketara daripada tahun sebelumnya.

Kargo pukal kering mencatatkan penurunan sebanyak 25.17% daripada 2.94 juta tan kepada 2.20 juta tan pada tahun 2020 diikuti kargo pukal dengan penurunan sebanyak 21.13% daripada 0.71 juta tan kepada 0.56 juta tan pada tahun ini.
Kargo kontena pula menunjukkan penurunan pada kadar 3.28% pada tahun ini dengan 5.30 juta tan berbanding 5.48 juta tan pada tahun sebelumnya.
LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 25 07 OVERALL PERFORMANCE TYPE OF CARGO Y2019 Y2020 %+(-) LIQUID NATURAL GAS OTHER LIQUID CARGO DRY BULK CARGO BREAK BULK CONTAINERS LOGS 25.42 10.34 2.94 0.71 5.48 0.28 TOTAL (MILLION TONS) 45.19 23.00 13.24 2.20 0.56 5.30 0.69 42.89 -9.52 28.05 -25.17 -21.13 -3.28 147.39 -5.09 Bintulu Port recorded a total cargo throughput of 42.89 million tons in 2020, a decrease of 5.09% compared to 45.19 million tons recorded in 2019.
The 9.52% decrease of LNG cargo volume from 2019 to 2020 significantly led to the decline in the total cargo throughput in Bintulu Port.

On the other hand, the throughput of other liquid bulk cargo recorded an increase of 28.05%, while logs which recorded an increase of 147.39%.
Some of the major cargoes handled by Bintulu Port, including dry bulk cargo, breakbulk cargo, and containers, have shown a significant decrease from the previous year; dry bulk cargo recorded a decrease of 25.17% from 2.94 million tons to 2.20 million tons in 2020, followed by breakbulk cargo with a decrease of 21.13% from 0.71 million tons to 0.56 million tons this year.

Container cargo showed a decrease of 3.28% this year with 5.30 million tons compared to 5.48 million tons in the previous year.
26 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 07 PRESTASI KESELURUHAN PENGENDALIAN KONTENA EKSPORT IMPORT PINDAH KAPAL JUMLAH (TEUS) 123,180 130,740 85,701 135,262 137,904 72,398 339,621 345,564 Y2019 Y2020 KONTENA EKSPORT IMPORT PINDAH KAPAL JUMLAH (Teus) Y2019 Y2020 135,262 123,180 137,904 72,398 130,740 85,701 345,564 339,621 Pada tahun 2020, pengendalian kontena telah mencatatkan penurunan sebanyak 1.71% iaitu 345,564 TEUs pada tahun 2019 kepada 339,621 TEUs pada tahun 2020.
Penurunan ini adalah disebabkan oleh penurunan jumlah pengeluaran kargo akibat pandemik Covid-19.

Pengendalian kontena eksport mencatatkan penurunan sebanyak 8.9% daripada 135,262 TEUs pada tahun 2019 kepada 123,180 TEUs pada tahun 2020.

Pengendalian kontena import pula mencatatkan 130,740 TEUs pada tahun ini berbanding 137,904 TEUs pada tahun 2019 iaitu penurunan sebanyak 5.1%.
Walaupun berlaku penurunan kepada kendalian kontena eksport dan import, kontena pindah kapal pula telah mencatatkan peningkatan sebanyak 18.3% pada tahun ini dengan 85,701 TEUs berbanding 72,398 TEUs pada tahun 2019.
LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 27 07 OVERALL PERFORMANCE CONTAINER THROUGHPUT EXPORT IMPORT TRANSHIPMENT 123,180 130,740 85,701 135,262 137,904 72,398 TOTAL (TEUS) 339,621 345,564 Y2019 Y2020 CONTAINER Y2019 Y2020 EXPORT IMPORT TRANSHIPMENT TOTAL (Teus) 135,262 123,180 137,904 72,398 130,740 85,701 345,564 339,621 In 2020, container throughput recorded a decrease of 1.71% from 345,564 TEUs in 2019 to 339,621 TEUs in 2020.
This decrease is due to the decrease in total cargo production due to the Covid-19 pandemic.

Similarly, export container throughput decreased by 8.9% from 135,262 TEUs in 2019 to 123,180 TEUs in 2020.

The import container throughput recorded a decrease of 5.1% to 30,740 TEUs this year, compared to 137,904 TEUs in 2019.

Despite the decline in export and import container throughput, transhipment containers increased by 18.3% this year with 85,701 TEUs compared to 72,398 TEUs in 2019.
28 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 07 PRESTASI KESELURUHAN SINGGAHAN KAPAL 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 1,504 1,625 243 267 240 4,568 6,555 308 5,540 7,740 KARGO CECAIR KARGO PUKAL KERING KARGO AM LAIN-LAIN JUMLAH KESELURUHAN Y2019 Y2020 JENIS SINGGAHAN KAPAL KARGO CECAIR KARGO PUKAL KERING KARGO AM LAIN-LAIN JUMLAH KESELURUHAN Y2019 1,625 267 308 5,540 7,740 Y2020 1,504 243 240 4,568 6,555 Pelabuhan Bintulu telah mencatatkan sebanyak 6,555 singgahan kapal pada tahun ini berbanding 7,740 singgahan pada tahun sebelumnya, penurunan sebanyak 1,185 singgahan.
Penurunan singgahan pada tahun ini telah melibatkan kesemua kapal-kapal kargo utama yang dikendalikan di Pelabuhan Bintulu.
LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 29 07 OVERALL PERFORMANCE VESSEL CALLS 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 1,504 1,625 243 267 240 4,568 6,555 308 5,540 7,740 LIQUID CARGO DRYBULK CARGO GENERAL CARGO OTHERS OVERALL TOTAL Y2019 Y2020 VESSELS CALLS LIQUID CARGO DRYBULK CARGO GENERAL CARGO OTHERS OVERALL TOTAL Y2019 1,625 267 308 5,540 7,740 Y2020 1,504 243 240 4,568 6,555 Bintulu Port recorded 6,555 ship calls this year compared to 7,740 calls in the previous year, which decreased by 1,185 calls.
The decline in vessel calls this year has affected all major cargo ships operating in Bintulu Port.
30 LAPORAN TAHUNAN 2020 ANNUAL PORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 07 PRESTASI KESELURUHAN 07 PRESTASI KESELURUHAN PEMBANGUNAN MODAL INSAN PEMBANGUNAN MODAL INSAN Pihak pengurusan terus berusaha untuk memastikan perancangan dan pembangunan modal Pihak pengurusan terus berusaha untuk memastikan perancangan dan pembangunan modal insan dilaksanakan bagi melahirkan kakitangan yang professional, kompeten, berintegriti, insan dilaksanakan bagi melahirkan kakitangan yang professional, kompeten, berintegriti, berdaya saing dan berprestasi tinggi walaupun pada tahun 2020 ini negara telah dilanda berdaya saing dan berprestasi tinggi walaupun pada tahun 2020 ini negara telah dilanda pandemik COVID-19 dan bermulanya Perintah Kawalan Pergerakan (PKP) dilaksanakan pada pandemik COVID-19 dan bermulanya Perintah Kawalan Pergerakan (PKP) dilaksanakan pada peringkat awalnya, PKP Bersyarat (PKPB) dan terkini, PKP Pemulihan (PKPP).
Bagi merealisasikan pembangunan modal insan yang baik, LPB sentiasa berusaha untuk Bagi merealisasikan pembangunan modal insan yang baik, LPB sentiasa berusaha untuk memantapkan lagi perkhidmatan dan pengurusan dalam memastikan operasi Pelabuhan Bintulu memantapkan lagi perkhidmatan dan pengurusan dalam memastikan operasi Pelabuhan Bintulu berjalan lancar serta kemajuan dan pembangunan Pelabuhan Bintulu dapat dijalankan secara berjalan lancar serta kemajuan dan pembangunan Pelabuhan Bintulu dapat dijalankan secara teratur.
Sehubungan itu, pengambilan kakitangan yang berkelayakan adalah penting untuk teratur.

Sehubungan itu, pengambilan kakitangan yang berkelayakan adalah penting untuk memastikan Lembaga Pelabuhan Bintulu dapat melaksanakan amanah yang memastikan Lembaga Pelabuhan Bintulu dapat melaksanakan amanah yang telah telah dipertanggungjawabkan.

dipertanggungjawabkan.


Sehingga penghujung tahun 2020, jumlah kakitangan LPB adalah seramai 86 orang kakitangan Sehingga penghujung tahun 2020, jumlah kakitangan LPB adalah seramai 86 orang kakitangan tetap yang terdiri daripada 29 orang dalam kumpulan Pengurusan dan Professional dan 57 tetap yang terdiri daripada 29 orang dalam kumpulan Pengurusan dan Professional dan 57 orang dalam kumpulan Pelaksana.

Selain daripada kakitangan tetap, LPB turut melantik orang dalam kumpulan Pelaksana.
Selain daripada kakitangan tetap, LPB turut melantik sebanyak 42 orang kakitangan kontrak bagi membantu melancarkan lagi pengurusan dan sebanyak 42 orang kakitangan kontrak bagi membantu melancarkan lagi pengurusan dan operasi Pelabuhan Bintulu.

Pertambahan kakitangan yang berkelayakan ini adalah bagi operasi Pelabuhan Bintulu.
Pertambahan kakitangan yang berkelayakan ini adalah bagi memastikan keselamatan dan operasi pelabuhan khususnya dapat dijalankan dengan cekap dan memastikan keselamatan dan operasi pelabuhan khususnya dapat dijalankan dengan cekap dan selamat.

selamat.
selamat.

Bagi meningkatkan lagi kemahiran, kecekapan dan kebolehan tenaga kerja, pengurusan LPB Bagi meningkatkan lagi kemahiran, kecekapan dan kebolehan tenaga kerja, pengurusan LPB terus berusaha menyediakan program berkaitan bagi memantapkan lagi pengetahuan terus berusaha menyediakan program berkaitan bagi memantapkan lagi pengetahuan kakitangannya.

Pada tahun ini, LPB telah menganjurkan program kesedaran Pandemic kakitangannya.
Pada tahun ini, LPB telah menganjurkan program kesedaran Pandemic Covid-19 iaitu Pandemic Operational Planning Guidelines to Support Organization Preparedness Covid-19 iaitu Pandemic Operational Planning Guidelines to Support Organization Preparedness & Response bagi mendedahkan kakitangan dan juga meningkatkan pengetahuan dalam & Response bagi mendedahkan kakitangan dan juga meningkatkan pengetahuan dalam keadaan suasana pandemik Covid-19 yang sedang melanda negara ini.


Susulan daripada kes Covid-19 yang meningkat di kawasan Bintulu, pengurusan LPB telah Susulan daripada kes Covid-19 yang meningkat di kawasan Bintulu, pengurusan LPB telah mengambil langkah proaktif dalam mengekang penularan di LPB dengan mengemukakan Garis mengambil langkah proaktif dalam mengekang penularan di LPB dengan mengemukakan Garis Panduan Pengendalian Isu-isu Berhubung Penularan jangkitan Covid-19.
Prosidur Operasi Standard (SOP) diwujudkan untuk memaklumkan mengenai pengoperasian di Prosidur Operasi Standard (SOP) diwujudkan untuk memaklumkan mengenai pengoperasian di tempat kerja bagi pencegahan wabak COVID-19 dalam tempoh kadar penularan berada dalam tempat kerja bagi pencegahan wabak COVID-19 dalam tempoh kadar penularan berada dalam LAPORAN TAHUNAN 2020 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 31 31 07 07 OVERALL PERFORMANCE 07 PRESTASI KESELURUHAN HUMAN RESOURCE DEVELOPMENT tahap yang membimbangkan di Bahagian Bintulu.
SOP ini terpakai untuk semua aktiviti umum di tempat kerja dan tidak terpakai untuk aktiviti bekerja dari rumah (BDR).
The port management strives to ensure Human Resource Planning and Development is implemented to produce staff who are professional, competent, reliable, competitive, and high Di samping itu juga, LPB melaksanakan imbasan suhu bagi setiap pelawat/pelanggan di pintu performing despite the initial implementation of the Movement Control Order (MCO), Conditional masuk premis LPB dan membuat pengisytiharan kesihatan melalui e-health declaration form MCO(CMCO), and most recently, Recovery MCO (RMCO).
yang disediakan ; mewajibkan pelawat/pelanggan mengimbas QR Kod Mysejahtera untuk tujuan pengesanan pergerakan; menyediakan hand sanitizer untuk kegunaan semua pelawat/ BPA always strives to strengthen the services and management by facilitating continuous Human pelanggan di pintu masuk premis kerajaan dan bilik mesyuarat serta menghadkan pergerakan Resource Development activities.
This effort could ensure the smooth operation of Bintulu Port pelanggan/pelawat di dalam premis dan Pelaksanaan prosedur pelawat/pelanggan dengan and the continuous progress and development of Bintulu Port can be carried out optimally.

In this norma baharu di mana sebarang urusan diadakan di tempat yang disediakan oleh LPB.

regard, the recruitment of qualified staff is important to ensure that the Bintulu Port Authority can carry out its duty and responsibility.
As of December 2020, BPA employs 86 permanent staff, consisting of 29 management and KEBAJIKAN DAN TANGGUNGJAWAB SOSIAL professional staff and 57 operational staff.

Apart from permanent staff, BPA also appointed 42 contract staff to support the management and operations of Bintulu Port.

The addition of qualified staff ensures the operations of the port can be carried out efficiently and safely.
Kebajikan kakitangan terus menjadi keutamaan kepada pengurusan Lembaga Pelabuhan Bintulu dan usaha terus dilakukan dengan menyediakan pelbagai kemudahan asas seperti To further enhance the workforce’s skills, competencies, and abilities, BPA management rawatan perubatan untuk kakitangan dan tanggungannya.

Selain daripada itu, subsidi continues to organize training programs to further strengthen the knowledge of its staff.
This year, turut disediakan kepada kakitangan yang memerlukan perkhidmatan pengangkutan BPA organized a Covid-19 Pandemic awareness program, namely the ‘Pandemic Operational pengangkutan untuk berulang alik ke pejabat.

Dengan adanya Majlis Bersama Jabatan dan Planning Guidelines to Support Organization Preparedness & Response’, to increase staff Program Perjumpaan Bersama Pengurus Besar LPB yang diadakan secara berkala, dapat members’ knowledge of the Covid-19 pandemic situation plaguing the country.
memberi peluang kepada kakitangan untuk mengemukakan permasalahan dan persoalan yang berkaitan dengan kerja dan kebajikan sosial mereka terus kepada pihak pengurusan.

Following the increasing number of Covid-19 cases in the Bintulu area, BPA management had taken proactive steps to curb the spread of Covid-19 by issuing guidelines for handling issues LPB juga berusaha untuk menyediakan sokongan terbaik kepada kakitangan bagi memastikan related to the Transmission of Covid-19.
kesejahteraan dan kebajikan kakitangan terjamin.

Bagi menggalakkan kesejahteraan dan mengukuhkan silaturrahim di kalangan kakitangan dan keluarga pelbagai aktiviti telah dijalankan BPA had also set Standard Operating Procedures (SOPs) to guide workplace operations and seperti Program Hari Keluarga yang telah diadakan di Samalaju Resort, Bintulu pada 28 prevent COVID-19 outbreaks, especially when the transmission rate was at an alarming rate in November sehingga 19 Disember 2020.
Program ini dilaksanakan secara bergiliran iaitu di the Bintulu Division.

The SOPs apply to all general workplace activities and do not apply to work bahagi kepada 4 sesi bagi mematuhi arahan pihak berkuasa dan juga SOP yang telah from home (WFH) activities.

ditetapkan.
ditetapkan.

BPA requires each visitor/customer to go through a temperature scan at the entrance of each turut di adakan bagi menerap serta juga Aktiviti ceramah dan program motivasi BPA premise and declare their health status using the e-health declaration form provided.

More- mempertingkatkan nilai-nilai murni dan modal insan di kalangan kakitangan LPB.
Bagi over, visitors/customers are required to scan the Mysejahtera QR Code for movement tracking - 32 32 LAPORAN TAHUNAN 2020 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 07 07 PRESTASI KESELURUHAN 07 PRESTASI KESELURUHAN menghargai dan mengingati sumbangan kakitangan, MBJ (Pekerja) juga telah mengadakan Majlis Anugerah Perkhidmatan Cemerlang (APC) mengikut SOP yang ditetapkan oleh LPB.
tahap yang membimbangkan di Bahagian Bintulu.

SOP ini terpakai untuk semua aktiviti umum Sebagai sebuah Badan Berkanun yang telah lama bertapak di Bintulu, LPB tidak pernah di tempat kerja dan tidak terpakai untuk aktiviti bekerja dari rumah (BDR).

melupakan tanggungjawab sosial kepada masyarakat.


Antara aktiviti yang dijalankan semasa negara dilanda Covid-19 ialah sumbangan berupa makanan kepada petugas barisan hadapan Di samping itu juga, LPB melaksanakan imbasan suhu bagi setiap pelawat/pelanggan di pintu Covid-19 dan sumbangan berbentuk barangan pencegahan Covid-19 kepada Pusat Koreksional masuk premis LPB dan membuat pengisytiharan kesihatan melalui e-health declaration form Bintulu.
Tidak lupa juga, sumbangan CSR kepada golongan Asnaf berupa keperluan harian, yang disediakan ; mewajibkan pelawat/pelanggan mengimbas QR Kod Mysejahtera untuk tujuan perbelanjaan bulanan secara One-Off dan kerja-kerja membaik pulih rumah untuk Puan pengesanan pergerakan; menyediakan hand sanitizer untuk kegunaan semua pelawat/ Norsinah bt.

Sebli & Puan Norsiah bt Sebli.


Kebajikan institusi pendidikan juga tidak diabaikan pelanggan di pintu masuk premis kerajaan dan bilik mesyuarat serta menghadkan pergerakan dimana pada tahun ini LPB telah memberi sumbangan kepada Sekolah Kebangsaan Rumah pelanggan/pelawat di dalam premis dan Pelaksanaan prosedur pelawat/pelanggan dengan Barrau untuk menaiktaraf Bilik Sains Dan ICT.

LPB juga turut menyumbang barangan keperluan norma baharu di mana sebarang urusan diadakan di tempat yang disediakan oleh LPB.
kepada murid asrama dan peralatan kepada Sekolah Kebangsaan Sebauh diatas musibah kebakaran yang telah berlaku kepada asrama lelaki sekolah tersebut.

Dengan adanya aktiviti-aktiviti kemasyarakatan dan kekeluargaan seperti ini, pengurusan yakin KEBAJIKAN DAN TANGGUNGJAWAB SOSIAL ia akan memberi impak positif kepada kakitangan dan masyarakat di samping mencapai objektif LPB untuk mengeratkan silaturrahim di antara kakitangan amnya dan masyarakat setempat khususnya.
Kebajikan kakitangan terus menjadi keutamaan kepada pengurusan Lembaga Pelabuhan Bintulu dan usaha terus dilakukan dengan menyediakan pelbagai kemudahan asas seperti rawatan perubatan untuk kakitangan dan tanggungannya.

Selain daripada itu, subsidi pengangkutan PENGURUSAN KESELAMATAN, turut disediakan kepada kakitangan yang memerlukan perkhidmatan KESIHATAN DAN ALAM SEKITAR pengangkutan untuk berulang alik ke pejabat.
Dengan adanya Majlis Bersama Jabatan dan Program Perjumpaan Bersama Pengurus Besar LPB yang diadakan secara berkala, dapat Dalam usaha mengekalkan pematuhan Statement of Compliance ISPS Code, ISO 28000:2007 memberi peluang kepada kakitangan untuk mengemukakan permasalahan dan persoalan yang Security Management System serta memastikan tahap keselamatan Pelabuhan Bintulu terjamin, berkaitan dengan kerja dan kebajikan sosial mereka terus kepada pihak pengurusan.
pelbagai program dan aktiviti telah dilaksanakan pada tahun ini antaranya latihan Kod ISPS iaitu OPS ISPS “EX – SARAWAK” 2020 yang diadakan pada 10 hingga 12 November 2020.

Latihan LPB juga berusaha untuk menyediakan sokongan terbaik kepada kakitangan bagi memastikan Kod ISPS peringkat negeri Sarawak ini turut disertai oleh Maritime Transport Security Officer kesejahteraan dan kebajikan kakitangan terjamin.
Bagi menggalakkan kesejahteraan dan (MTSO) dan Marine Transport Facility Officer (MFSO) di Bintulu, Miri dan Jabatan Laut Malaysia mengukuhkan silaturrahim di kalangan kakitangan dan keluarga pelbagai aktiviti telah dijalankan Wilayah Sarawak.

Marine facility yang turut terlibat adalah Bintulu Port Sdn Bhd (BPSB), Biport seperti Program Hari Keluarga yang telah diadakan di Samalaju Resort, Bintulu pada 28 Integrated November sehingga 19 Disember 2020.
Program ini dilaksanakan secara bergiliran iaitu di Bulkers Sdn.

Bhd (BBSB), Bintulu dan SMDS.

Facility (BIF) bahagi kepada 4 sesi bagi mematuhi arahan pihak berkuasa dan juga SOP yang telah ditetapkan.

Aktiviti ceramah dan program motivasi juga turut di adakan bagi menerap serta mempertingkatkan nilai-nilai murni dan modal insan di kalangan kakitangan LPB.
Bagi LAPORAN TAHUNAN 2020 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 33 33 07 OVERALL PERFORMANCE 07 PRESTASI KESELURUHAN purposes.

BPA also provides hand sanitizers for visitors/customers at the entrance of premises Lembaga Pelabuhan Bintulu turut diberikan penghormatan sebagai Penganjur Post Mortem OPS and meeting rooms and restricts customers/visitors’ movements within the premise.
Lastly, any ISPS “EX – SARAWAK” 2020 yang diadakan pada 12 November 2020 di Auditorium Menara business affair with visitor/customer procedures is conducted with the new norms.

Kidurong.

Acara ini telah dilaksanakan mengikut Standard Operating Procedure (SOP) Covid 19 dan turut mengadakan seminar berkaitan SOP Covid dari Pejabat Kesihatan Bahagian Bintulu dan Jabatan Imigresen Bahagian Bintulu.
WELFARE AND SOCIAL RESPONSIBILITY Dalam negara mengalami penularan wabak pandemik Covid-19, LPB juga tidak ketinggalan dalam membuat operasi sanitasi bangunan yang melibatkan keseluruhan bangunan Menara Staff welfare continues to be a priority for the Bintulu Port Authority management.

BPA has Kidurong termasuk premis-premis penyewa bangunan.
Tujuan operasi ini adalah untuk continuously provided various basic facilities, such as medical treatment for staff and their mengekang penularan wabak ini disamping memastikan keselamatan kakitangan LPB dan to staff who need dependents.

Besides, BPA also provides penyewa bangunan terjaga.

Operasi ini masih berterusan mengikut keperluan.

transportation services to commute to work.


transportation subsidies LPB juga terlibat dengan Auditan Compliance Audit Fire Fighting Equipment - Behn Meyer Events such as Departmental gatherings and gathering with BPA general manager are held Agricare (M) Sdn.

Bhd yang telah diadakan pada 27 – 28 Julai 2020.

Ini merupakan auditan yang regularly.


These events provide an opportunity for staff to channel any issue or concerns related dijalankan oleh Lembaga Pelabuhan Bintulu (LPB) ke atas penyewa – penyewa tanah LPB dan to their work and social welfare directly to the management.

bertujuan untuk memastikan pihak yang dipertanggungjawabkan oleh Badan Kawalselia iaitu Behn Meyer Agricare (M) Sdn.
Bhd mematuhi segala keperluan dan kehendak yang telah BPA also strives to provide the best support to staff to protect their well-being and welfare.

ditetapkan.

LPB turut terlibat Auditan – Compliance Audit Fire Fighting Equipment - Various activities have been carried out to promote well-being and strengthen the rapport among Petrochemical Jetty Bintulu Port Sdn.

Bhd.
Bhd.

Ianya merupakan auditan yang dijalankan oleh staff and their families, such as the Family Day Program held at Samalaju Resort, Bintulu, from Lembaga Pelabuhan Bintulu (LPB) ke atas pihak BPSB pada 29 September 2020 untuk 28 November to 19 December 2020.

This program was implemented in rotation and divided into memastikan kemudahan yang disediakan mematuhi keperluan peraturan yang sedia ada.
4 sessions to comply with the authority’s orders and SOPs.Talks and motivational programs were also held to cultivate and enhance noble values and human capital among BPA staff.

MBJ (Em- Di samping itu juga pengauditan sebegini dapat mengukur sejauh mana kesiapsiagaan Behn ployee) has also held an Excellent Service Award Ceremony (APC) following the SOP set by BPA Meyer Agricare (M) Sdn.

Bhd dan Petrochemical Jetty Bintulu Port Sdn.

Bhd dalam mengendali to show appreciation towards staff’s contributions.
dan menghadapi setiap kecemasan sekiranya berlaku.

LPB juga melaksanakan Pengauditan “The Performance Standard Of The Facilities And Services As an established Statutory Body in Bintulu, BPA also carried out its social responsibility to the In Bintulu Port (Marine Services) 2020” yang diadakan pada 5 - 6 Oktober 2020 bertempat di community.

The activities carried out during the Covid-19 pandemic include food donations to Marine Services Division, BPSB.
Antara yang terlibat ialah Bahagian Operasi dan Unit Bomba Covid-19 frontline workers and Covid-19 preventive items donation to the Bintulu Correctional Lembaga Pelabuhan Bintulu dan MSD BPSB.

Skop pengauditan ini melibatkan pemeriksaan Center.

BPA was also involved in donating to the ‘Asnaf’ group as part of its CSR.
BPA has documentasi tug boat, pengujian sistem keselamatan kebakaran tug boat, pengujian masa dan donated daily necessities, one-off monthly expenses, and funds for house repair works to Mrs speed test pilot boat.

Norsinah bt.

Sebli & Mrs. Norsiah bt Sebli.

BPA also contributed to the welfare of educational Program “Table Top – Tsunami Drill di Pelabuhan Bintulu Tahun 2020” telah diadakan pada 10 institutions.

This year, BPA had donated funds to upgrade the Science and ICT Room in Sekolah Disember 2020.
Tujuan table top ini diadakan adalah sebagai persediaan menghadapi bencana Kebangsaan Rumah Barrau.

BPA also donated essential items and equipment to Sekolah Tsunami.

Disamping itu ia juga mampu menilai keupayaan dan kemampuaan perlaksanaan ERP Kebangsaan Sebauh following a fire disaster in the male student hostel.
34 34 LAPORAN TAHUNAN 2020 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 07 PRESTASI KESELURUHAN 07 PRESTASI KESELURUHAN menghargai dan mengingati sumbangan kakitangan, MBJ (Pekerja) juga telah mengadakan Tsunami dalam menghadapi ancaman Tsunami sekiranya ia berlaku.

Selain itu, ia juga menguji Majlis Anugerah Perkhidmatan Cemerlang (APC) mengikut SOP yang ditetapkan oleh LPB.
kecekapan sistem komunikasi, dan tindakan antara pihak pelabuhan dan agensi-agensi yang terlibat.

Agensi yang terlibat dalam Table Top – Tsunami Drill ini adalah Lembaga Pelabuhan Sebagai sebuah Badan Berkanun yang telah lama bertapak di Bintulu, LPB tidak pernah Bintulu, Bintulu Port Sdn.

Bhd dan Malaysia Liquefied Natural Gas (LNG) Sdn.

Bhd.

melupakan tanggungjawab sosial kepada masyarakat.


Antara aktiviti yang dijalankan semasa negara dilanda Covid-19 ialah sumbangan berupa makanan kepada petugas barisan hadapan Program terakhir untuk tahun 2020 adalah Latihan Pengusian Bangunan Menara Kidurong Covid-19 dan sumbangan berbentuk barangan pencegahan Covid-19 kepada Pusat Koreksional diadakan sekali dalam setahun.

Untuk tahun ini, latihan ini diadakan pada 16 Disember 2020 Bintulu.
Tidak lupa juga, sumbangan CSR kepada golongan Asnaf berupa keperluan harian, yang melibatkan pelbagai agensi, penyewa-penyewa bangunan dan juga pasukan Bomba perbelanjaan bulanan secara One-Off dan kerja-kerja membaik pulih rumah untuk Puan BPSB.

Tujuan latihan ini diadakan adalah untuk memastikan penghuni Menara Kidurong mema- Norsinah bt.

Sebli & Puan Norsiah bt Sebli.

Kebajikan institusi pendidikan juga tidak diabaikan hami tatacara membuat pengusian bangunan sekiranya berlakunya kecemasan sebenar.
dimana pada tahun ini LPB telah memberi sumbangan kepada Sekolah Kebangsaan Rumah Latihan ini berjaya dijalankan serta mencapai objektif yang telah ditetapkan Barrau untuk menaiktaraf Bilik Sains Dan ICT.

LPB juga turut menyumbang barangan keperluan kepada murid asrama dan peralatan kepada Sekolah Kebangsaan Sebauh diatas musibah PEMBANGUNAN PELABUHAN kebakaran yang telah berlaku kepada asrama lelaki sekolah tersebut.
Pandemik Covid-19 telah menjejaskan ekonomi dunia dalam pelbagai sektor dan mengakibatkan Dengan adanya aktiviti-aktiviti kemasyarakatan dan kekeluargaan seperti ini, pengurusan yakin perdagangan di antara negara dunia terjejas.

Perkara ini turut menjejaskan Pelabuhan Bintulu ia akan memberi impak positif kepada kakitangan dan masyarakat di samping mencapai objektif dimana kendalian kargo eksport dan import dilihat menurun pada tahun ini.
Walaupun begitu, LPB untuk mengeratkan silaturrahim di antara kakitangan amnya dan masyarakat setempat pembangunan di Pelabuhan Bintulu tetap diteruskan.

Antara projek pembangunan yang sedang khususnya.

dilaksanakan adalah pembangunan LNG ISO Tank Filing Station yang dijangka akan beroperasi sepenuhnya pada suku tahun pertama 2021.
Pembangunan baharu ini dijangka dapat menjana keuntungan kepada Pelabuhan Bintulu PENGURUSAN KESELAMATAN, KESIHATAN DAN ALAM SEKITAR disamping dapat meningkatkan jumlah kendalian kargo di Pelabuhan ini.

Pembangunan baharu ini juga akan memberikan peluang pekerjaan kepada rakyat Sarawak dan penduduk tempatan Dalam usaha mengekalkan pematuhan Statement of Compliance ISPS Code, ISO 28000:2007 am nya.
Security Management System serta memastikan tahap keselamatan Pelabuhan Bintulu terjamin, PROSPEK pelbagai program dan aktiviti telah dilaksanakan pada tahun ini antaranya latihan Kod ISPS iaitu OPS ISPS “EX – SARAWAK” 2020 yang diadakan pada 10 hingga 12 November 2020.

Latihan Pada tahun 2021, ekonomi global dijangka terus pulih secara beransur-ansur pada landasan Kod ISPS peringkat negeri Sarawak ini turut disertai oleh Maritime Transport Security Officer yang tidak sekata.
Prospek pertumbuhan global akan terus dipengaruhi oleh perkembangan (MTSO) dan Marine Transport Facility Officer (MFSO) di Bintulu, Miri dan Jabatan Laut Malaysia utama berhubung dengan pandemik COVID-19, terutamanya pemberian vaksin, peralihan Wilayah Sarawak.

Marine facility yang turut terlibat adalah Bintulu Port Sdn Bhd (BPSB), Biport struktur pada peringkat global yang terus berlaku dan tahap kerosakan ekonomi yang Bulkers Sdn.

Bhd dan SMDS.

(BBSB), Bintulu Integrated Facility (BIF) berpanjangan.
Setakat ini, penunjuk pengeluaran dan perdagangan berfrekuensi tinggi memperlihatkan tanda-tanda bahawa pemulihan pertumbuhan global pada keseluruhannya kekal menurut jangkaan meskipun terdapat penularan semula kes COVID-19 dan pelaksanaan semula LAPORAN TAHUNAN 2020 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 35 35 07 OVERALL PERFORMANCE 07 PRESTASI KESELURUHAN The management is confident that such community and family activities will positively impact staff langkah-langkah pembendungan yang lebih ketat di beberapa negara.
Meskipun pemulihan and the community.

It could help BPA strengthen the bond between staff and the local global dijangka berlaku, sokongan dasar yang berterusan adalah sangat penting bagi community.

mengekalkan momentum pertumbuhan keseluruhan dalam keadaan ketidakpastian yang tinggi.

Pemberian vaksin COVID-19 akan memberikan sokongan kepada pertumbuhan global pada tahun 2021.
Namun demikian, kesannya berbeza-beza dalam kalangan setiap negara SAFETY, HEALTH AND ENVIRONMENT MANAGEMENT disebabkan oleh perbezaan masa, kepantasan dan skala pengagihan.

This year, various programs and activities were implemented to maintain compliance with the Berikutan pemberian vaksin di pelbagai negara, langkah-langkah pembendungan dijangka akan Statement of Compliance ISPS Code, ISO 28000: 2007 Security Management System, and dilonggarkan secara beransur-ansur.
Pelonggaran ini akan memudahkan penyambungan safeguard security in Bintulu Port.

These activities include the ISPS Code training, OPS ISPS semula aktiviti yang sebelum ini terbatas, mengurangkan kekangan bekalan dan meningkatkan “EX - SARAWAK” 2020 held on 10 to 12 November 2020.

The ISPS Code training at the perbelanjaan.


Sempadan antarabangsa juga dijangka kembali dibuka secara berperingkat, Sarawak state level was also attended by the Maritime Transport Security Officer (MTSO) and bermula dengan pengaturan gelembung perjalanan antara negara di mana keadaan COVID-19 Marine Transport Facility Officer (MFSO) in Bintulu, Miri, and the Malaysian Marine Department, terkawal menjelang akhir tahun 2021.

Sarawak Region.
Sarawak Region.

Marine facilities involved were Bintulu Port Sdn Bhd (BPSB), Biport Bulkers Sdn.

Bhd (BBSB), Bintulu Integrated Facility (BIF) and SMDS.

Bintulu Port Authority was also chosen to host the Postmortem OPS ISPS “EX - SARAWAK” 2020, held on 12 November 2020, which was held in Menara Kidurong Auditorium.

The event was held according to Covid-19 Standard Operating Procedure (SOP).
The highlights of the events include the Covid SOP seminar presentation by the Bintulu Division Health Office and the Bintulu Division Immigration Department.

As the country experienced the outbreak of Covid-19, BPA has shouldered the responsibility of curbing the spread of the pandemic by conducting sanitation operations for the whole Menara Kidurong building complex, including the tenants’ premises.
This operation aims to curb the spread of the pandemic while ensuring the safety of BPA staff and building tenants.

BPA is still conducting periodical sanitation exercises as required.

BPA was also involved in the Fire Fighting Equipment Compliance Audit of Behn Meyer Agricare (M) Sdn.

Bhd held on 27 - 28 July 2020.

The audit was conducted by the Bintulu Port Authority (BPA) on tenants in BPA properties.

It is aimed to ensure that the Behn Meyer Agricare (M) Sdn.
Bhd, complies with all the requirements set by the Port Authority.

BPA was also involved in the Audit - Compliance Audit Fire Fighting Equipment of Bintulu Port Sdn.

Bhd Petrochemical Jetty.
36 36 LAPORAN TAHUNAN 2020 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 07 OVERALL PERFORMANCE 07 PRESTASI KESELURUHAN HUMAN RESOURCE DEVELOPMENT The port management strives to ensure Human Resource Planning and Development is Lembaga Pelabuhan Bintulu turut diberikan penghormatan sebagai Penganjur Post Mortem OPS implemented to produce staff who are professional, competent, reliable, competitive, and high ISPS “EX – SARAWAK” 2020 yang diadakan pada 12 November 2020 di Auditorium Menara performing despite the initial implementation of the Movement Control Order (MCO), Conditional Kidurong.
Acara ini telah dilaksanakan mengikut Standard Operating Procedure (SOP) Covid 19 MCO(CMCO), and most recently, Recovery MCO (RMCO).

dan turut mengadakan seminar berkaitan SOP Covid dari Pejabat Kesihatan Bahagian Bintulu dan Jabatan Imigresen Bahagian Bintulu.

BPA always strives to strengthen the services and management by facilitating continuous Human Resource Development activities.
This effort could ensure the smooth operation of Bintulu Port Dalam negara mengalami penularan wabak pandemik Covid-19, LPB juga tidak ketinggalan and the continuous progress and development of Bintulu Port can be carried out optimally.

In this dalam membuat operasi sanitasi bangunan yang melibatkan keseluruhan bangunan Menara regard, the recruitment of qualified staff is important to ensure that the Bintulu Port Authority can Kidurong termasuk premis-premis penyewa bangunan.
Tujuan operasi ini adalah untuk carry out its duty and responsibility.

mengekang penularan wabak ini disamping memastikan keselamatan kakitangan LPB dan penyewa bangunan terjaga.

Operasi ini masih berterusan mengikut keperluan.

As of December 2020, BPA employs 86 permanent staff, consisting of 29 management and professional staff and 57 operational staff.
Apart from permanent staff, BPA also appointed 42 LPB juga terlibat dengan Auditan Compliance Audit Fire Fighting Equipment - Behn Meyer contract staff to support the management and operations of Bintulu Port.

The addition of qualified Agricare (M) Sdn.

Bhd yang telah diadakan pada 27 – 28 Julai 2020.

Ini merupakan auditan yang staff ensures the operations of the port can be carried out efficiently and safely.
dijalankan oleh Lembaga Pelabuhan Bintulu (LPB) ke atas penyewa – penyewa tanah LPB dan bertujuan untuk memastikan pihak yang dipertanggungjawabkan oleh Badan Kawalselia iaitu Behn Meyer Agricare (M) Sdn.

Bhd mematuhi segala keperluan dan kehendak yang telah To further enhance the workforce’s skills, competencies, and abilities, BPA management ditetapkan.
LPB turut terlibat Auditan – Compliance Audit Fire Fighting Equipment - continues to organize training programs to further strengthen the knowledge of its staff.

This year, Petrochemical Jetty Bintulu Port Sdn.

Bhd.
Bhd.

Ianya merupakan auditan yang dijalankan oleh BPA organized a Covid-19 Pandemic awareness program, namely the ‘Pandemic Operational Lembaga Pelabuhan Bintulu (LPB) ke atas pihak BPSB pada 29 September 2020 untuk Planning Guidelines to Support Organization Preparedness & Response’, to increase staff memastikan kemudahan yang disediakan mematuhi keperluan peraturan yang sedia ada.

members’ knowledge of the Covid-19 pandemic situation plaguing the country.
Di samping itu juga pengauditan sebegini dapat mengukur sejauh mana kesiapsiagaan Behn Following the increasing number of Covid-19 cases in the Bintulu area, BPA management had Meyer Agricare (M) Sdn.

Bhd dan Petrochemical Jetty Bintulu Port Sdn.

Bhd dalam mengendali taken proactive steps to curb the spread of Covid-19 by issuing guidelines for handling issues dan menghadapi setiap kecemasan sekiranya berlaku.

related to the Transmission of Covid-19.


LPB juga melaksanakan Pengauditan “The Performance Standard Of The Facilities And Services In Bintulu Port (Marine Services) 2020” yang diadakan pada 5 - 6 Oktober 2020 bertempat di BPA had also set Standard Operating Procedures (SOPs) to guide workplace operations and Marine Services Division, BPSB.
Antara yang terlibat ialah Bahagian Operasi dan Unit Bomba prevent COVID-19 outbreaks, especially when the transmission rate was at an alarming rate in Lembaga Pelabuhan Bintulu dan MSD BPSB.

Skop pengauditan ini melibatkan pemeriksaan the Bintulu Division.

The SOPs apply to all general workplace activities and do not apply to work documentasi tug boat, pengujian sistem keselamatan kebakaran tug boat, pengujian masa dan from home (WFH) activities.

speed test pilot boat.


Program “Table Top – Tsunami Drill di Pelabuhan Bintulu Tahun 2020” telah diadakan pada 10 BPA requires each visitor/customer to go through a temperature scan at the entrance of each Disember 2020.

Tujuan table top ini diadakan adalah sebagai persediaan menghadapi bencana BPA premise and declare their health status using the e-health declaration form provided.

More- Tsunami.
More- Tsunami.

Disamping itu ia juga mampu menilai keupayaan dan kemampuaan perlaksanaan ERP over, visitors/customers are required to scan the Mysejahtera QR Code for movement tracking LAPORAN TAHUNAN 2020 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 37 37 07 OVERALL PERFORMANCE 07 OVERALL PERFORMANCE purposes.
BPA also provides hand sanitizers for visitors/customers at the entrance of premises and meeting rooms and restricts customers/visitors’ movements within the premise.

Lastly, any Bintulu Port Authority (BPA) on BPSB on 29 September 2020 to ensure that the facilities comply business affair with visitor/customer procedures is conducted with the new norms.

with the requirements of the existing regulations.

These audit exercises can measure Behn Meyer Agricare (M) Sdn.

Bhd and Bintulu Port Sdn.


Bhd Petrochemical Jetty readiness in dealing with possible emergencies.

WELFARE AND SOCIAL RESPONSIBILITY BPA also carried out “The Performance Standard of Facilities and Services In Bintulu Port (Marine Services) 2020” audit on 5 - 6 October 2020 at the Marine Services Division, BPSB.

Staff welfare continues to be a priority for the Bintulu Port Authority management.
BPA has Among those involved are the Operations Division, Bintulu Port Authority Fire Unit, and MSD continuously provided various basic facilities, such as medical treatment for staff and their BPSB.

The scope of this audit involves examining tug boats documentation, testing the fire safety to staff who need dependents.

Besides, BPA also provides system in the tug boats, time testing, and speed test of the pilot boats.

transportation services to commute to work.


transportation subsidies The 2020 Bintulu Port Table Top -Tsunami Drill was held on 10 December 2020.

The purpose of Events such as Departmental gatherings and gathering with BPA general manager are held the drill is to prepare for a possible Tsunami disaster.

It also assessed the port’s ability and capac- regularly.
These events provide an opportunity for staff to channel any issue or concerns related ity to implement the Tsunami ERP when facing a Tsunami threat, the efficiency of the to their work and social welfare directly to the management.

communication system, and the actions required from the port and other agencies involved.

The agencies involved in this Table Top - Tsunami Drill are Bintulu Port Authority, Bintulu Port Sdn.
BPA also strives to provide the best support to staff to protect their well-being and welfare.

Bhd and Malaysia Liquefied Natural Gas (LNG) Sdn.

Bhd.

Various activities have been carried out to promote well-being and strengthen the rapport among staff and their families, such as the Family Day Program held at Samalaju Resort, Bintulu, from The last program for 2020 is the annual Fire Drill Exercise held in Menara Kidurong.

The fire drill 28 November to 19 December 2020.


This program was implemented in rotation and divided into for 2020 was held on 16 December 2020.

This exercise involved several agencies, building 4 sessions to comply with the authority’s orders and SOPs.Talks and motivational programs were tenants, and the BPSB Fire Brigade.

The purpose of this exercise is to ensure that the occupants also held to cultivate and enhance noble values and human capital among BPA staff.
MBJ (Em- of Menara Kidurong understand the fire evacuation procedures in the event of a real emergency.

ployee) has also held an Excellent Service Award Ceremony (APC) following the SOP set by BPA This training was successfully conducted and achieved the set objectives.

to show appreciation towards staff’s contributions.

As an established Statutory Body in Bintulu, BPA also carried out its social responsibility to the community.
The activities carried out during the Covid-19 pandemic include food donations to Covid-19 frontline workers and Covid-19 preventive items donation to the Bintulu Correctional Center.

BPA was also involved in donating to the ‘Asnaf’ group as part of its CSR.

BPA has donated daily necessities, one-off monthly expenses, and funds for house repair works to Mrs Norsinah bt.

Sebli & Mrs. Norsiah bt Sebli.

BPA also contributed to the welfare of educational institutions.
This year, BPA had donated funds to upgrade the Science and ICT Room in Sekolah Kebangsaan Rumah Barrau.

BPA also donated essential items and equipment to Sekolah Kebangsaan Sebauh following a fire disaster in the male student hostel.
38 38 LAPORAN TAHUNAN 2020 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 07 OVERALL PERFORMANCE 07 PRESTASI KESELURUHAN The management is confident that such community and family activities will positively impact staff and the community.

It could help BPA strengthen the bond between staff and the local Tsunami dalam menghadapi ancaman Tsunami sekiranya ia berlaku.
Selain itu, ia juga menguji community.

kecekapan sistem komunikasi, dan tindakan antara pihak pelabuhan dan agensi-agensi yang terlibat.

Agensi yang terlibat dalam Table Top – Tsunami Drill ini adalah Lembaga Pelabuhan Bintulu, Bintulu Port Sdn.

Bhd dan Malaysia Liquefied Natural Gas (LNG) Sdn.

Bhd.
Bhd.

SAFETY, HEALTH AND ENVIRONMENT MANAGEMENT Program terakhir untuk tahun 2020 adalah Latihan Pengusian Bangunan Menara Kidurong This year, various programs and activities were implemented to maintain compliance with the diadakan sekali dalam setahun.
Untuk tahun ini, latihan ini diadakan pada 16 Disember 2020 Statement of Compliance ISPS Code, ISO 28000: 2007 Security Management System, and yang melibatkan pelbagai agensi, penyewa-penyewa bangunan dan juga pasukan Bomba safeguard security in Bintulu Port.

These activities include the ISPS Code training, OPS ISPS BPSB.

Tujuan latihan ini diadakan adalah untuk memastikan penghuni Menara Kidurong mema- “EX - SARAWAK” 2020 held on 10 to 12 November 2020.
The ISPS Code training at the hami tatacara membuat pengusian bangunan sekiranya berlakunya kecemasan sebenar.

Sarawak state level was also attended by the Maritime Transport Security Officer (MTSO) and Latihan ini berjaya dijalankan serta mencapai objektif yang telah ditetapkan Marine Transport Facility Officer (MFSO) in Bintulu, Miri, and the Malaysian Marine Department, Sarawak Region.

Marine facilities involved were Bintulu Port Sdn Bhd (BPSB), Biport Bulkers PEMBANGUNAN PELABUHAN Sdn.
Bhd (BBSB), Bintulu Integrated Facility (BIF) and SMDS.

Bintulu Port Authority was also chosen to host the Postmortem OPS ISPS “EX - SARAWAK” Pandemik Covid-19 telah menjejaskan ekonomi dunia dalam pelbagai sektor dan mengakibatkan 2020, held on 12 November 2020, which was held in Menara Kidurong Auditorium.

The event perdagangan di antara negara dunia terjejas.

Perkara ini turut menjejaskan Pelabuhan Bintulu was held according to Covid-19 Standard Operating Procedure (SOP).
The highlights of the dimana kendalian kargo eksport dan import dilihat menurun pada tahun ini.

Walaupun begitu, events include the Covid SOP seminar presentation by the Bintulu Division Health Office and the pembangunan di Pelabuhan Bintulu tetap diteruskan.

Antara projek pembangunan yang sedang Bintulu Division Immigration Department.

dilaksanakan adalah pembangunan LNG ISO Tank Filing Station yang dijangka akan beroperasi sepenuhnya pada suku tahun pertama 2021.
As the country experienced the outbreak of Covid-19, BPA has shouldered the responsibility of Pembangunan baharu ini dijangka dapat menjana keuntungan kepada Pelabuhan Bintulu curbing the spread of the pandemic by conducting sanitation operations for the whole Menara disamping dapat meningkatkan jumlah kendalian kargo di Pelabuhan ini.

Pembangunan baharu Kidurong building complex, including the tenants’ premises.
This operation aims to curb the ini juga akan memberikan peluang pekerjaan kepada rakyat Sarawak dan penduduk tempatan spread of the pandemic while ensuring the safety of BPA staff and building tenants.

BPA is still am nya.

conducting periodical sanitation exercises as required.

PROSPEK BPA was also involved in the Fire Fighting Equipment Compliance Audit of Behn Meyer Agricare Pada tahun 2021, ekonomi global dijangka terus pulih secara beransur-ansur pada landasan (M) Sdn.
Bhd held on 27 - 28 July 2020.

The audit was conducted by the Bintulu Port Authority yang tidak sekata.

Prospek pertumbuhan global akan terus dipengaruhi oleh perkembangan (BPA) on tenants in BPA properties.

It is aimed to ensure that the Behn Meyer Agricare (M) Sdn.

utama berhubung dengan pandemik COVID-19, terutamanya pemberian vaksin, peralihan Bhd, complies with all the requirements set by the Port Authority.
BPA was also involved in the struktur pada peringkat global yang terus berlaku dan tahap kerosakan ekonomi yang Audit - Compliance Audit Fire Fighting Equipment of Bintulu Port Sdn.

Bhd Petrochemical Jetty.

berpanjangan.
Setakat ini, penunjuk pengeluaran dan perdagangan berfrekuensi tinggi memperlihatkan tanda-tanda bahawa pemulihan pertumbuhan global pada keseluruhannya kekal menurut jangkaan meskipun terdapat penularan semula kes COVID-19 dan pelaksanaan semula LAPORAN TAHUNAN 2020 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 39 39 07 OVERALL PERFORMANCE 07 PRESTASI KESELURUHAN langkah-langkah pembendungan yang lebih ketat di beberapa negara.
Meskipun pemulihan Bintulu Port Authority (BPA) on BPSB on 29 September 2020 to ensure that the facilities comply global dijangka berlaku, sokongan dasar yang berterusan adalah sangat penting bagi with the requirements of the existing regulations.

These audit exercises can measure Behn mengekalkan momentum pertumbuhan keseluruhan dalam keadaan ketidakpastian yang tinggi.

Meyer Agricare (M) Sdn.

Bhd and Bintulu Port Sdn.


Bhd Petrochemical Jetty readiness in dealing Pemberian vaksin COVID-19 akan memberikan sokongan kepada pertumbuhan global pada with possible emergencies.

tahun 2021.

Namun demikian, kesannya berbeza-beza dalam kalangan setiap negara disebabkan oleh perbezaan masa, kepantasan dan skala pengagihan.
BPA also carried out “The Performance Standard of Facilities and Services In Bintulu Port (Marine Services) 2020” audit on 5 - 6 October 2020 at the Marine Services Division, BPSB.

Berikutan pemberian vaksin di pelbagai negara, langkah-langkah pembendungan dijangka akan Among those involved are the Operations Division, Bintulu Port Authority Fire Unit, and MSD dilonggarkan secara beransur-ansur.

Pelonggaran ini akan memudahkan penyambungan BPSB.


The scope of this audit involves examining tug boats documentation, testing the fire safety semula aktiviti yang sebelum ini terbatas, mengurangkan kekangan bekalan dan meningkatkan system in the tug boats, time testing, and speed test of the pilot boats.

perbelanjaan.
perbelanjaan.

Sempadan antarabangsa juga dijangka kembali dibuka secara berperingkat, bermula dengan pengaturan gelembung perjalanan antara negara di mana keadaan COVID-19 The 2020 Bintulu Port Table Top -Tsunami Drill was held on 10 December 2020.

The purpose of terkawal menjelang akhir tahun 2021. the drill is to prepare for a possible Tsunami disaster.
It also assessed the port’s ability and capac- ity to implement the Tsunami ERP when facing a Tsunami threat, the efficiency of the communication system, and the actions required from the port and other agencies involved.

The agencies involved in this Table Top - Tsunami Drill are Bintulu Port Authority, Bintulu Port Sdn.

Bhd and Malaysia Liquefied Natural Gas (LNG) Sdn.

Bhd.

The last program for 2020 is the annual Fire Drill Exercise held in Menara Kidurong.
The fire drill for 2020 was held on 16 December 2020.

This exercise involved several agencies, building tenants, and the BPSB Fire Brigade.

The purpose of this exercise is to ensure that the occupants of Menara Kidurong understand the fire evacuation procedures in the event of a real emergency.

This training was successfully conducted and achieved the set objectives.
40 40 LAPORAN TAHUNAN 2020 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 07 OVERALL PERFORMANCE PORT DEVELOPMENT The Covid-19 pandemic has affected various sectors of the world’s economy and affected trade between countries.

This situation has also affected Bintulu Port, as seen through the decrease in the export and import cargo throughput this year.
Despite such a decline, the development in Bintulu Port continues.

The ongoing development projects include the development of the LNG ISO Tank Filling Station, which is expected to be fully operational in the first quarter of 2021.

This new development is expected to generate profit for Bintulu Port and increase the total cargo throughput.

This new development will also provide employment opportunities to the people of Sarawak and the locals in general.
PROSPECTS In 2021, the global economy is expected to continue recovering on a bumpy track.

Global growth prospects will continue to be influenced by key developments concerning the COVID-19 pandemic, particularly vaccination, ongoing global structural shifts, and long-term economic disruptions.
So far, high-frequency production and trade indicators show signs that the overall recovery in global growth remains as expected despite the outbreak of the COVID-19 and the implementation of stricter Covid-19 containment measures in some countries.

Therefore, while a global recovery is expected, continued policy support is critical to maintaining the growth momentum in the highly uncertain global economic environment.

The COVID-19 vaccine roll-out will provide support for global growth in the Year 2021.
However, the effect of vaccination will vary between countries due to differences in timing, speed, and scale of vaccine distribution.

In line with the distribution of vaccines in various countries, containment measures are expected to be relaxed gradually.

This relaxation will facilitate the resumption of previously limited activities, reduce supply constraints and higher spending.
The international border is also expected to reopen in stages, starting with the arrangement of the inter-country travel bubble as the COVID-19 situation begins to ease by the end of 2021.
LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 41 08 DIARI KORPORAT DIARI KORPORAT LPB 2020 / BPA CORPORATE DIARY 2020 JANUARI / JANUARY 2020 6 JANUARI - PERHIMPUNAN BULANAN BERSAMA WARGA KERJA LEMBAGA PELABUHAN BINTULU 6 JANUARY - MONTHLY GATHERING WITH BINTULU PORT AUTHORITY STAFF MEMBERS FEBRUARI / FEBRUARY 2020 7 FEBRUARI - SANITASI IBU PEJABAT LEMBAGA PELABUHAN BINTULU BAGI MENCEGAH PENULARAN WABAK COVID-19 7 FEBRUARY - SANITATION EXERCISE IN BINTULU PORT AUTHORITY HEADQUARTERS TO CURB THE SPREAD OF THE COVID- PANDEMIC 42 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 008 DIARI KORPORAT 7 FEBRUARI- LAWATAN KERJA DATUK ISHAM ISHAK, KETUA SETIAUSAHA KEMENTERIAN PENGANGKUTAN MALAYSIA KE LEMBAGA PELABUHAN BINTULU.
7 FEBRUARY - WORKING VISIT FROM DATUK ISHAM ISHAK, SECRETARY GENERAL OF THE MINISTRY OF TRANSPORT MALAYSIA TO BINTULU PORT AUTHORITY.

JUN / JUNE 2020 15 JUN- LAWATAN KERJA YB TIMBALAN MENTERI PENGANGKUTAN MALAYSIA TN.

HJ.

HASBI BIN HJ.

HABIBOLLAH KE LEMBAGA PELABUHAN BINTULU.

15 JUNE – WORKING VISIT FROM YB TN HJ.

HASBI BIN HJ.
HABIBOLLAH, DEPUTY MINISTER OF TRANSPORT TO BINTULU PORT AUTHORITY LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 43 8 DIARI KORPORAT JULAI / JULY 2020 9 JULAI- KUNJUNGAN HORMAT PENGURUSAN MLNG, PETRONAS CARIGALI DAN ASEAN BINTULU FERTILIZER KEPADA PENGURUS BESAR LPB 9 JULY- COURTESY CALL FROM MLNG, PETRONAS CARIGALI, AND ASEAN BINTULU FERTILIZER MANAGERS TO BPA GENERAL MANAGER OGOS / AUGUST 2020 5 OGOS- PENYERAHAN SUMBANGAN KEPADA SK SEBAUH ATAS MUSIBAH KEBAKARAN ASRAMA LELAKI 5 AUGUST – HANDING OVER CONTRIBUTIONS TO SK SEBAUH AFTER A FIRE INCIDENT IN ITS MALE STUDENTS HOSTEL.
44 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 08 DIARI KORPORAT 10 OGOS- LAWATAN KETUA CAWANGAN KHAS IBU PEJABAT KONTINJEN PDRM SARAWAK KE PELABUHAN BINTULU 10 AUGUST – VISIT OF THE HEAD OF SPECIAL BRANCH DIVISION, PDRM SARAWAK CONTINGENT TO BINTULU PORT HEADQUARTERS OKTOBER / OCTOBER 2020 5 & 6 OKTOBER- AUDITAN- THE PERFORMANCE STANDARD OF THE FACILITIES AND SERVICES IN BINTULU PORT (MARINE SERVICES) 2020 5 & 6 OCTOBER- PERFORMANCE STANDARD AUDIT OF FACILITIES AND SERVICES (MARINE SERVICES) IN BINTULU PORT 2020 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 45 08 DIARI KORPORAT 0 NOVEMBER 2020 23 NOVEMBER- SUMBANGAN BARANGAN PENCEGAHAN COVID-19 KE PUSAT KOREKSIONAL BINTULU, JABATAN PENJARA MALAYSIA CAWANGAN BINTULU 23 NOVEMBER- HANDING OVER OF COVID-19 PREVENTIVE EQUIPMENTS CONTRIBUTION TO BINTULU CORRECTIONAL CENTER, DEPARTMENT OF PRISONS MALAYSIA (BINTULU BRANCH) DISEMBER / DECEMBER 2020 10 DISEMBER- TABLE TOP - TSUNAMI DRILL DI PELABUHAN BINTULU TAHUN 2020 10 DECEMBER - BINTULU PORT TABLE TOP TSUNAMI DRILL 2020 46 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 08 DIARI KORPORAT 11 DISEMBER- PENYERAHAN SUMBANGAN CORPORATE SOCIAL RESPONSIBILITY (CSR) LEMBAGA PELABUHAN BINTULU KEPADA PUAN NORSIAH DAN PUAN NORSINAH, KPG SEBIEW BINTULU 11 DECEMBER – HANDING OVER OF BINTULU PORT AUTHORITY CORPORATE SOCIAL RESPONSIBILITY (CSR) CONTRIBUTIONS TO PUAN NORSIAH AND PUAN NORSINAH, KAMPUNG
 SEBIEW BINTULU 16 DISEMBER- LATIHAN PENGUSIAN BANGUNAN MENARA KIDURONG TAHUN 2020 16 DECEMBER – 2020 FIRE DRILL IN MENARA KIDURONG LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 47 PENYATA KEWANGAN FINANCIAL STATEMENT 48 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 09 PENYATA KEWANGAN LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 49 09 PENYATA KEWANGAN 09 PENYATA KEWANGAN 50 LAPORAN
 TAHUNAN 2020 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 09 PENYATA KEWANGAN LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 51 09 PENYATA KEWANGAN 52 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 09 PENYATA KEWANGAN 54 55 56 57 58 59 60 61 - 62 63 - 88 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 53 09 PENYATA KEWANGAN 54 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 09 PENYATA KEWANGAN LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 55 09 PENYATA KEWANGAN 56 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 09 PENYATA KEWANGAN LEMBAGA PELABUHAN BINTULU (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981) PENYATA KEDUDUKAN KEWANGAN PADA 31 DISEMBER 2020 Nota 2020 RM 2019 RM ASET ASET SEMASA Cukai akan dikembalikan Bantuan kewangan Urus niaga pertukaran belum terima Pelbagai akaun belum terima dan deposit Pelaburan lain Simpanan tetap Tunai dan baki di bank Jumlah Aset Semasa ASET BUKAN SEMASA Hartanah, loji dan peralatan Hartanah pelaburan Kerja dalam kemajuan Aset tak ketara Bantuan kewangan Urus niaga pertukaran belum terima Pelaburan lain Jumlah Aset Bukan Semasa Jumlah Aset LIABILITI LIABILITI
 SEMASA Cukai belum bayar Urus niaga pertukaran belum bayar Pelbagai akaun belum bayar dan perbelanjaan terakru Peruntukan manfaat kakitangan Geran tertunda Jumlah Liabiliti Semasa LIABILITI BUKAN SEMASA Pelbagai akaun belum bayar dan perbelanjaan terakru Peruntukan manfaat kakitangan Geran tertunda Liabiliti cukai tertunda Jumlah Liabiliti Bukan Semasa Jumlah Liabiliti ASET BERSIH ASET BERSIH - - 32,314,695 55,574 3,900,000 574,500,000 320,081 611,090,350
 145,594,629 1,125,121,332 556,850 16,310 - 4,044,132 505,142,154 1,780,475,407 2,391,565,757 16,285,965 1,000,000 34,244,042 3,581,113 5,880,000 494,050,000 46,525 555,087,645 1,525,772 1,308,182,246 48,705,902 7,254 5,510,898 3,979,474 474,672,505 1,842,584,051 2,397,671,696 6,661,321 38,290,434 8,116,511 138,654 11,638,634 64,845,554 - 37,902,576 9,325,407 - 11,638,634 58,866,617 12,433,022 1,450,324 202,419,652 104,629,989 320,932,987 385,778,541 2,005,787,216 18,420,207 159,679 214,058,286 101,973,342 334,611,514 393,478,131 2,004,193,565 Kumpulan Wang Mengurus Rizab Aset Kewangan Sedia Untuk Dijual JUMLAH ASET BERSIH 2,006,435,290 (648,074) 2,005,787,216 2,005,218,059 (1,024,494) 2,004,193,565 Nota-nota di muka surat 10 hingga 35 merupakan sebahagian daripada penyata kewangan ini.
-4- LAPORAN TAHUNAN 2020 LEMBAGA PELABUHAN BINTULU (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981) PENYATA PRESTASI KEWANGAN BAGI TAHUN KEWANGAN BERAKHIR 31 DISEMBER 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 57 Nota 2020 RM 2019 RM Perbelanjaan kepada Lembaga Pelabuhan Labuan HASIL Urus niaga pertukaran Urus niaga bukan pertukaran Lain-lain hasil Jumlah Hasil PERBELANJAAN Emolumen Peruntukan Manfaat kakitangan Perkhidmatan dan bekalan Pemberian dan kenaan bayaran tetap Hapus kira hartanah pelaburan Hapus kira kerja dalam kemajuan Susut nilai hartanah, loji dan peralatan Susut nilai hartanah pelaburan Pelunasan aset tak ketara Perbelanjaan lain-lain Kos kewangan Jumlah perbelanjaan LEBIHAN SEBELUM CUKAI Cukai LEBIHAN BERSIH BAGI TAHUN Diagihkan kepada: Pemilik yang mengawal entiti 19 20 21 22 16 23 4 24 12 10 11 13 25 26 27 28 174,958,644 11,638,634 1,545,260 188,142,538 175,298,102 11,638,634 861,209 187,797,945 6,573,646 1,429,300 20,718,044 7,326,000 495,415 - 72,713,141 4,549,241 34,867,247 5,244 5,550,026 1,016,975 155,244,279 - - - 6,264,607 28,369,968 2,315,863 27,467 424,008 38,997,545 6,507 5,730,963 1,247,251 83,384,179 32,898,259 (31,681,028) 1,217,231 104,413,766 (24,530,641) 79,883,125 1,217,231 79,883,125 Kumpulan Wang Mengurus Rizab Aset Kewangan Sedia Untuk Dijual JUMLAH ASET BERSIH 2,006,435,290 (648,074) 2,005,787,216 2,005,218,059 (1,024,494) 2,004,193,565 09 PENYATA KEWANGAN Nota-nota di muka surat 10 hingga 35 merupakan sebahagian daripada penyata
 kewangan ini.
-4- LEMBAGA PELABUHAN BINTULU (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981) PENYATA PRESTASI KEWANGAN BAGI TAHUN KEWANGAN BERAKHIR 31 DISEMBER 2020 Nota 2020 RM 2019 RM HASIL Urus niaga pertukaran Urus niaga bukan pertukaran Lain-lain hasil Jumlah Hasil PERBELANJAAN Emolumen Peruntukan Manfaat kakitangan Perkhidmatan dan bekalan Perbelanjaan kepada Lembaga Pelabuhan Labuan Pemberian dan kenaan bayaran tetap Hapus kira hartanah pelaburan Hapus kira kerja dalam kemajuan Susut nilai hartanah, loji dan peralatan Susut nilai hartanah pelaburan Pelunasan aset tak ketara Perbelanjaan lain-lain Kos kewangan Jumlah perbelanjaan LEBIHAN SEBELUM CUKAI Cukai LEBIHAN BERSIH BAGI TAHUN Diagihkan kepada: Pemilik yang mengawal entiti 19 20 21 22 16 23 4 24 12 10 11 13 25 26 27 28 174,958,644 11,638,634 1,545,260 188,142,538 175,298,102 11,638,634 861,209 187,797,945 6,573,646 1,429,300 20,718,044 7,326,000 495,415 - 72,713,141 4,549,241 34,867,247 5,244 5,550,026 1,016,975 155,244,279 6,264,607 - 28,369,968 - 2,315,863 27,467 - 424,008 38,997,545 6,507 5,730,963 1,247,251 83,384,179 32,898,259 (31,681,028) 1,217,231 104,413,766 (24,530,641) 79,883,125 1,217,231 79,883,125 58 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 09 PENYATA KEWANGAN LEMBAGA PELABUHAN BINTULU (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981) PENYATA PERUBAHAN ASET BERSIH BAGI TAHUN KEWANGAN BERAKHIR 31 DISEMBER 2020 Nota Kumpulan Wang Mengurus RM Rizab Aset Kewangan Sedia Untuk Dijual RM
 Jumlah Aset Bersih RM Baki pada 31 Disember 2018 Lebihan bersih bagi tahun Baki pada 31 Disember 2019 - Seperti dinyatakan terdahulu Kesan pemakaian MPSAS Baki pada 31 Disember 2019 - Seperti dinyatakan semula Untung pengukuran semula aset kewangan sedia untuk dijual Lebihan bersih bagi tahun Baki pada 31 Disember 2020 1,925,334,934 79,883,125 2,005,218,059 (2,625,549) - (2,625,549) 1,922,709,385 79,883,125 2,002,592,510 3.20 - 2,005,218,059 1,601,055 (1,024,494) 1,601,055 2,004,193,565 - 376,420 376,420 1,217,231 2,006,435,290 - (648,074) 1,217,231 2,005,787,216 Nota-nota di muka surat 10 hingga 35 merupakan sebahagian daripada penyata kewangan ini.
-6- LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 59 09 PENYATA KEWANGAN LEMBAGA PELABUHAN BINTULU (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981) PENYATA ALIRAN TUNAI BAGI TAHUN KEWANGAN BERAKHIR 31 DISEMBER 2020 ALIRAN TUNAI DARIPADA AKTIVITI OPERASI Lebihan sebelum cukai Pelarasan bukan tunai: Pelunasan dari geran Perbelanjaan kepada Lembaga Pelabuhan Labuan Reversi bagi bantuan kewangan Belanja susut nilai dan pelunasan aset Faedah dan dividen diterima Belanja faedah Belanja zakat Kerugian daripada penjualan aset Kerugian daripada penjualan pelaburan Keuntungan daripada jualan pelaburan Keuntungan daripada jualan hartanah, loji dan peralatan Yuran pengurusan pelaburan Hapus kira kerja dalam kemajuan Hapus kira hartanah, loji dan peralatan Pertambahan operasi sebelum perubahan modal kerja Perubahan dalam modal kerja:- Perubahan dalam akaun belum terima Perubahan dalam akaun belum bayar Perubahan dalam manfaat kakitangan Tunai dihasilkan daripada aktiviti operasi Cukai dibayar Cukai dikembalikan Zakat dibayar Tunai bersih dihasilkan daripada aktiviti operasi ALIRAN TUNAI DARIPADA AKTIVITI PELABURAN Pertambahan pelaburan lain Faedah dan dividen diterima Perolehan daripada penjualan hartanah, loji dan peralatan Perolehan daripada penjualan pelaburan lain Perolehan daripada pelaburan lain Pembayaran balik pelaburan Pembelian hartanah, loji dan peralatan Pertambahan perbelanjaan kerja dalam kemajuan Pertambahan aset tak ketara Tunai bersih digunakan
 untuk/dihasilkan daripada aktiviti pelaburan Pertambahan bersih tunai dan kesetaraan tunai Tunai dan kesetaraan tunai pada awal tahun Tunai dan kesetaraan tunai pada akhir tahun TUNAI DAN KESETARAAN TUNAI TERDIRI DARIPADA:- Tunai dan di baki bank Simpanan tetap Pelaburan lain Nota 2020 RM 2019 RM 32,898,259 104,413,766 (11,638,634) 6,000,000 510,898 39,421,733 (25,608,955) 1,016,975 1,500,000 - - (1,230,226) (51,200) 29,715 72,713,141 5,475 115,567,181 1,426,436 (6,808,223) 1,429,300 111,614,694 (25,160,661) 19,083,567 (1,500,000) 104,037,600 (51,425,864) 29,572,746 51,200 21,000,000 516,171 - (429,908) (24,564,089) (14,300) (25,294,044) 78,743,556 499,976,525 578,720,081 (11,638,634) - - 39,428,060 (39,728,828) 1,247,252 1,500,000 17,013 663,236 (149,094) (14,049) 34,176 - 27,467 95,800,366 (194,492) (2,288,116) (563,617) 92,754,141 (19,000,000) - (1,500,000) 72,254,141 (17,200,000) 29,277,602 21,082 163 - (141,764) (40,274) (35,359) - 11,881,450 84,135,591 415,840,934 499,976,525 9 8 7 320,081 574,500,000 3,900,000 578,720,081 46,525 494,050,000 5,880,000 499,976,525 - - Nota-nota di muka surat 10 hingga 35 merupakan sebahagian daripada penyata kewangan ini.
-7- 60 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 09 PENYATA KEWANGAN LEMBAGA PELABUHAN BINTULU (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981) PENYATA PERBANDINGAN BAJET DAN SEBENAR BAGI TAHUN KEWANGAN BERAKHIR 31 DISEMBER 2020 Jumlah Bajet Asal RM Akhir RM Jumlah Sebenar RM *Varian Bajet RM *Varian Bajet % PENERIMAAN Lesen dan permit Sewaan Faedah dan dividen Lain-lain hasil 50,000 148,376,499 44,541,020 456,000 50,000 148,376,499 44,541,020 456,000 50,000 149,299,690 25,608,955 1,545,260 - 923,191 (18,932,065) 1,089,260 - 0.62 (42.50) 238.87 Jumlah Penerimaan 193,423,519 193,423,519 176,503,905 (16,919,614) PEMBAYARAN Emolumen Perkhidmatan dan bekalan Pemberian dan kenaan bayaran tetap Perbelanjaan lain - lain Aset 6,763,278 6,763,278 6,573,646 29,047,380 30,772,380 20,718,044 (189,632) (10,054,336) (2.80) (32.67) 1,205,000 1,205,000 495,415 (709,585) (58.89) 26,000,333 26,000,333 25,939,120 7,084,160 7,084,160 7,046,220 (61,213) (37,940) (0.24) (0.54) 70,100,151 71,825,151 60,772,445 (11,052,706) (15.39) Dasar Baharu/One-Off 14,129,770 15,575,770 1,988,903 (13,586,867) (87.23) Jumlah Pembayaran Operasi 84,229,921 87,400,921 62,761,348 (24,639,573) (28.19) Dasar Pembangunan Jumlah Keseluruhan Pembayaran PENERIMAAN BERSIH 3,538,387 35,573,387 24,564,089 (11,009,298) (30.95) 87,768,308 122,974,308 87,325,437 (35,648,871) 105,655,211 70,449,211 89,178,468 18,729,257 *Merujuk kepada varian di antara Jumlah Sebenar dan Jumlah Bajet Akhir.
PENJELASAN BAGI VARIAN YANG MELEBIHI DARIPADA 20% 1 Faedah dan dividen Perbezaan ketara di antara jumlah bajet dan jumlah sebenar ini adalah disebabkan oleh kadar faedah yang ditawarkan oleh bank dan institusi kewangan pada tahun 2020, Bank Negara Malaysia (BNM) telah menurunkan kadar dasar semalaman (OPR) kepada 1.75% pada 7 Julai 2020 bertujuan untuk memberikan rangsangan dasar tambahan bagi mempercepatkan kadar pemulihan ekonomi negara disebabkan oleh penularan wabak Covid-19 dan penguatkuasaan Perintah Kawalan Pergerakan yang diperlukan untuk membendung wabak tersebut.
Nota-nota di muka surat 10 hingga 35 merupakan sebahagian daripada penyata kewangan ini.
-8- LEMBAGA PELABUHAN BINTULU (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981) LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 61 09 PENYATA KEWANGAN PENYATA PERBANDINGAN BAJET DAN SEBENAR BAGI TAHUN KEWANGAN BERAKHIR 31 DISEMBER 2020 PENJELASAN BAGI VARIAN YANG KETARA (SAMBUNGAN) 2 Dasar sedia ada Perbezaan yang ketara di antara jumlah bajet dan jumlah sebenar yang dibayar untuk perbelanjaan perkhidmatan dan bekalan, pemberian dan kenaan bayaran tetap disebabkan terdapat beberapa program atau aktiviti yang dirancangkan dalam bajet tahun 2020 tidak dapat dilaksanakan kerana penularan wabak Covid-19 dan penguatkuasaan Perintah Kawalan Pergerakan.
3 Dasar baharu/one-off Perbezaan yang ketara di antara jumlah bajet dan jumlah sebenar yang dibayar disebabkan terdapat beberapa program atau aktiviti yang dirancangkan dalam bajet tahun 2020 tidak dapat dilaksanakan kerana penularan wabak Covid-19 dan penguatkuasaan Perintah Kawalan Pergerakan serta terdapat juga program atau aktiviti yang tidak sempat dibayar dalam tahun 2020 kerana program atau aktiviti tersebut masih dalam proses perlaksanaan.
4 Dasar pembangunan Perbezaan yang ketara di antara jumlah bajet dan jumlah sebenar yang dibayar disebabkan terdapat beberapa projek pembangunan tidak dapat dilaksanakan dan terdapat juga pelantikan petender dilaksanakan pada hujung tahun 2020 menyebabkan tiada bayaran dapat dilaksanakan dalam tahun 2020.

Kelewatan dalam melaksanakan projek dan pelantikan petender disebabkan penularan wabak Covid-19 dan kekangan masa disebabkan penguatkuasaan Perintah Kawalan Pergerakan.
Nota-nota di muka surat 10 hingga 35 merupakan sebahagian daripada penyata kewangan ini.

-9- 62 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 09 PENYATA KEWANGAN LEMBAGA PELABUHAN BINTULU (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981) NOTA-NOTA KEPADA PENYATA KEWANGAN BAGI TAHUN KEWANGAN BERAKHIR 31 DISEMBER 2020 1.
Maklumat Am 1.1 Penubuhan Lembaga Pelabuhan Bintulu (LPB) telah ditubuhkan pada 15 Ogos 1981 di bawah Akta 243, Akta Lembaga Pelabuhan Bintulu 1981. merupakan sebuah Badan Berkanun Persekutuan di bawah Kementerian Pengangkutan Malaysia.

Ia Mulai 1 Januari 1993, operasi perkhidmatan Pelabuhan Bintulu telah diswastakan di bawah Akta Pelabuhan-Pelabuhan (Penswastaan) 1990 sejajar dengan Dasar Penswastaan Kebangsaan.
1.2 Kegiatan Utama tanggungjawab untuk melaksanakan fungsi kawalselia dalam mengawasi segala aktiviti pelabuhan termasuk LPB telah diberi penggunaan kemudahan dan operasi pelabuhan oleh pengendali pelabuhan berlesen, bertindak sebagai pemilik kepada aset hartanah, fasilitator perdagangan, perancang dan pembangunan pelabuhan serta bertanggungjawab untuk memastikan dan mengawasi keselamatan operasi pelabuhan.
1.3 Mata Wang Fungsian dan Persembahan Penyata Kewangan Penyata Kewangan ini dibentangkan dalam Ringgit Malaysia ("RM") yang merupakan mata wang fungsian dan persembahan LPB.

2.

Tarikh Penyata Kewangan Diluluskan Penyata Kewangan bagi tahun kewangan berakhir 31 Disember 2020 telah dibentangkan dan diluluskan oleh Mesyuarat Lembaga Pengarah LPB pada 23 April 2021. .

3.
3.

Dasar-dasar Perakaunan 3.1 Asas Penyediaan Penyata Kewangan 3.1.1 3.1.2 Penyata kewangan LPB telah disediakan berdasarkan kepada konvensyen kos sejarah selain dinyatakan secara berasingan dan mematuhi Piawaian Perakaunan Sektor Awam Malaysia (MPSAS) serta Akta Lembaga Pelabuhan Bintulu, 1981.

Penyata kewangan ini telah disediakan sepenuhnya mengikut MPSAS kerana tahun kewangan ini adalah merupakan tempoh peralihan yang terakhir.
Oleh itu, segala pengecualian yang dipilih sebelum ini telah diiktiraf dan diukur sepenuhnya di dalam penyata kewangan tahun semasa seperti yang dinyatakan pada Nota 3.20 kepada penyata kewangan.

3.1.3 Penyediaan penyata kewangan memerlukan pertimbangan, anggaran dan andaian yang akan memberi kesan kepada penggunaan dasar dan amaun bagi aset, liabiliti, hasil dan belanja yang dilaporkan.

Anggaran dan andaian yang digunakan akan disemak secara berterusan.
Semakan semula kepada anggaran dan andaian perakaunan akan diiktiraf dalam tempoh anggaran tersebut disemak, jika semakan semula hanya memberi kesan kepada tempoh tersebut, atau dalam tempoh semakan dan tempoh masa hadapan sekiranya semakan semula memberi kesan kepada tempoh semasa dan masa yang akan datang.

Semua pertimbangan, anggaran dan andaian yang akan memberi kesan signifikan kepada amaun yang diiktiraf di dalam penyata kewangan didedahkan pada Nota 3.19 kepada penyata kewangan.
-10- LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 63 09 PENYATA KEWANGAN LEMBAGA PELABUHAN BINTULU (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981) NOTA-NOTA KEPADA PENYATA KEWANGAN BAGI TAHUN KEWANGAN BERAKHIR 31 DISEMBER 2020 3.
Dasar-dasar Perakaunan (Sambungan) 3.1 Asas Penyediaan Penyata Kewangan (Sambungan) 3.1.4 Tiada piawaian perakaunan baru ataupun dipinda yang telah berkuat kuasa di dalam tahun kewangan semasa yang memberi kesan ketara kepada penyata kewangan LPB.

Tiada piawaian perakaunan baru ataupun dipinda yang telah diterbitkan tetapi belum berkuat kuasa yang akan memberi kesan ketara kepada penyata kewangan Lembaga pada masa hadapan.
3.2 Hartanah, Loji dan Peralatan Hartanah, loji dan peralatan diiktiraf pada nilai kos yang melebihi RM2,000 dan ke atas.

Hartanah, loji dan peralatan dinyatakan pada kos tolak susut nilai dan rosotnilai terkumpul (jika ada).

Kos termasuk semua kos langsung yang terlibat untuk membawa aset tersebut ke lokasi dan keadaan yang membolehkannya beroperasi dalam cara yang dikehendaki oleh pihak pengurusan.
Kos penggantian bagi mana-mana aset yang memerlukan penggantian secara berkala akan dipermodalkan manakala nilai dibawa bagi bahagian yang diganti tersebut akan dinyahiktirafkan.

Kos-kos perkhidmatan harian akan diiktiraf sebagai perbelanjaan dalam penyata prestasi kewangan.

Jika sesuatu aset diperolehi melalui urus niaga bukan pertukaran, kos hendaklah diukur berdasarkan nilai saksama pada tarikh perolehan.
Aset-aset ini kemudiannya akan dikreditkan di dalam penyata prestasi kewangan, melainkan jika terdapat syarat-syarat mengenai penggunaan aset tersebut, di mana ia perlu diiktiraf di dalam liabiliti semasa.

Nilai dibawa item hartanah, loji dan peralatan hendaklah dinyahiktiraf semasa pelupusan atau apabila tiada manfaat ekonomi masa hadapan atau potensi perkhidmatan yang dijangkakan daripada penggunaan atau pelupusannya.
Keuntungan atau kerugian atas nyahiktiraf hartanah, loji dan peralatan adalah ditentukan dengan membandingkan nilai pelupusan bersih dengan nilai dibawa aset di mana perbezaannya akan diambil kira sebagai keuntungan atau kerugian di dalam penyata prestasi kewangan.

3.3 Susut nilai Hartanah, Loji dan Peralatan Susut nilai dikira berasaskan kaedah garis lurus pada kadar tahunan yang berikut berdasarkan jangka hayat kegunaan aset-aset berkenaan.
Hartanah, loji dan peralatan Bangunan dan struktur pelabuhan Perkakas pejabat dan lain-lain Perabot dan kelengkapan Kenderaan bermotor Tanah pegangan pajakan Kadar tahunan 2% 10% 10% 20% Mengikut tempoh pajakan Jika terdapat tanda perubahan yang ketara dalam faktor-faktor yang memberi kesan kepada nilai sisa, jangkaan hayat atau corak berguna aset sejak tarikh laporan tahunan lepas, nilai sisa, kaedah susut nilai dan hayat berguna aset yang boleh disusutnilai akan disemak semula dan dilaraskan secara prospektif.
-11- 64 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 09 PENYATA KEWANGAN LEMBAGA PELABUHAN BINTULU (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981) NOTA-NOTA KEPADA PENYATA KEWANGAN BAGI TAHUN KEWANGAN BERAKHIR 31 DISEMBER 2020 3.

Dasar-dasar Perakaunan (Sambungan) 3.4 Hartanah Pelaburan Hartanah pelaburan adalah hartanah yang dipegang untuk menjana sewaan atau peningkatan modal atau kedua-duanya.
Ia tidak termasuk hartanah yang dipegang untuk tujuan strategik atau untuk menyediakan perkhidmatan sosial walaupun hartanah tersebut menghasilkan sewa.

Pengiktirafan awal bagi hartanah pelaburan yang diperoleh melalui urus niaga pertukaran adalah diiktiraf pada harga kos manakala perolehan melalui urus niaga bukan pertukaran diukur pada nilai saksama pada tarikh pemerolehan.
Susulan kepada pengiktirafan awal, hartanah pelaburan dinyatakan sebagai kos tolak susut nilai terkumpul dan kerugian rosotnilai terkumpul (jika ada).

Susut nilai hartanah pelaburan dikira menggunakan asas garis lurus mengikut anggaran hayat berguna aset tersebut.

Caj susut nilai akan diiktiraf di dalam penyata prestasi kewangan.
Hartanah pelaburan Tanah pegangan pajakan Bangunan dan struktur pelabuhan Kadar tahunan Mengikut tempoh pajakan 2% Nilai dibawa item hartanah pelaburan hendaklah dinyahiktirafkan semasa pelupusan atau apabila tiada manfaat ekonomi masa hadapan atau potensi perkhidmatan yang dijangka daripada penggunaan atau pelupusannya.
Keuntungan atau kerugian atas nyahiktiraf hartanah pelaburan adalah ditentukan dengan membandingkan nilai pelupusan bersih dengan nilai dibawa aset di mana perbezaannya akan diambil kira sebagai keuntungan atau kerugian di dalam penyata prestasi kewangan.

Pindahan akan dibuat apabila terdapat perubahan di dalam penggunaannya.

3.5 Kerja Dalam Kemajuan Kerja dalam kemajuan adalah merujuk kepada kerja-kerja yang belum disempurnakan sehingga akhir tahun kewangan.
Kos-kos ini kemudiannya akan dipindahkan mengikut kategori yang sesuai setelah memperolehi Sijil Perakuan Siap (Certificate of Practical Completion ) atau telah siap disempurnakan atau telah sedia untuk digunakan.

Tiada susut nilai yang dikenakan ke atas kerja dalam kemajuan.

3.6 Rosotnilai Aset Bukan Kewangan 3.6.1 Aset Penjanaan Tunai Pada setiap tarikh penyata kedudukan kewangan, LPB mengkaji semula nilai dibawa bagi aset-asetnya untuk menentukan sama ada terdapat sebarang petunjuk kemerosotan nilai.
Jika sebarang petunjuk wujud, rosot nilai dikira dengan membandingkan nilai dibawa aset dengan amaun boleh pulih.

Amaun boleh pulih adalah nilai tertinggi di antara nilai saksama ditolak kos untuk dijual dan nilai dalam penggunaan.

Dalam menentukan nilai dalam penggunaan, aliran tunai masa hadapan akan didiskaun kepada nilai semasanya menggunakan kadar diskaun sebelum cukai yang menggambarkan nilai pasaran semasa nilai masa wang dan risiko khusus kepada aset tersebut.
Di dalam menentukan nilai saksama ditolak kos untuk dijual pula, urusniaga pasaran terkini jika ada.

Jika tiada urus niaga pasaran terkini berlaku, model penilaian yang sesuai hendaklah akan diambil kira, digunakan.

Kerugian kemerosotan diiktiraf sebagai perbelanjaan dalam penyata prestasi kewangan serta merta apabila nilai dibawa aset melebihi amaun boleh pulihnya.
Kerugian kemerosotan nilai yang diiktiraf dalam tempoh terdahulu bagi sesuatu aset hendaklah dibalikkan jika, dan hanya jika terdapat perubahan dalam anggaran yang digunakan untuk menentukan amaun boleh pulih.

Pembalikan tersebut diiktiraf dalam penyata prestasi kewangan.
-12- LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 65 09 PENYATA KEWANGAN LEMBAGA PELABUHAN BINTULU (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981) NOTA-NOTA KEPADA PENYATA KEWANGAN BAGI TAHUN KEWANGAN BERAKHIR 31 DISEMBER 2020 3.
Dasar-dasar Perakaunan (Sambungan) 3.6 Rosotnilai Aset Bukan Kewangan (Sambungan) 3.6.2 Aset Penjanaan Bukan Tunai LPB akan menilai pada setiap tarikh pelaporan sama ada terdapat petunjuk bahawa aset penjanaan bukan tunai mungkin terjejas.

Jika sebarang petunjuk wujud, maka LPB akan membuat anggaran ke atas jumlah perkhidmatan boleh pulih aset.

Jumlah perkhidmatan boleh pulih aset adalah nilai tertinggi di antara nilai saksama ditolak kos untuk dijual dan nilai dalam penggunaan.
Kerugian kemerosotan diiktiraf sebagai perbelanjaan dalam penyata prestasi kewangan serta merta apabila nilai dibawa aset melebihi jumlah perkhidmatan boleh pulihnya.

Dalam menentukan nilai dalam penggunaan, LPB telah mengguna pakai pendekatan kos penggantian yang disusutnilai.

Di bawah pendekatan ini, nilai semasa baki potensi perkhidmatan aset ditentukan sebagai kos penggantian aset yang telah disusutnilai.
Kos penggantian yang disusutnilai akan diukur dengan mengambilkira kos penggantian aset ditolak susut nilai terkumpul yang dikira atas kos itu bagi mencerminkan potensi perkhidmatan aset yang telah digunakan atau sudah luput.

Dalam menentukan nilai saksama ditolak kos untuk dijual pula, harga aset dalam perjanjian yang mengikat akan dilaraskan bagi menentukan harga pelupusan aset tersebut.
Jika tiada perjanjian yang mengikat, tetapi aset tersebut diniagakan di pasaran secara aktif, maka nilai saksama ditolak kos untuk dijual adalah ditentukan dengan merujuk kepada nilai pasaran terkini ditolak kos pelupusan.

Jika tiada perjanjian jual mengikat atau pasaran aktif bagi aset, LPB menentukan nilai saksama ditolak kos untuk menjual berdasarkan maklumat yang ada yang terbaik.
Bagi setiap aset, penilaian dibuat pada setiap tarikh laporan sama ada terdapat sebarang petunjuk yang sebelum ini kerugian rosotnilai yang diiktiraf mungkin tidak lagi wujud atau telah berkurangan.

Jika petunjuk sedemikian wujud, LPB menganggarkan jumlah perkhidmatan boleh pulih aset.
Kerugian kemerosotan nilai yang diiktiraf sebelumnya dibalikkan hanya jika terdapat perubahan dalam andaian yang digunakan untuk menentukan jumlah perkhidmatan boleh pulih aset sejak kerugian kemerosotan nilai terakhir diiktiraf.

Pembalikan adalah terhad setakat nilai dibawa aset tidak melebihi jumlah perkhidmatan boleh pulih atau tidak melebihi nilai dibawa yang mungkin setelah susut nilai terkumpul seperti tiada kerugian kemerosotan nilai diiktiraf bagi aset tersebut dalam tahun sebelumnya.
Pembalikan tersebut diiktiraf dalam penyata prestasi kewangan.

3.7 Cukai Cukai atas lebihan atau kurangan terdiri daripada cukai semasa dan cukai tertunda.

Cukai semasa mewakili cukai pendapatan yang dijangka akan dikenakan ke atas lebihan atau kurangan tahun kewangan semasa yang boleh dicukai dan dikira pada kadar cukai yang berkuat kuasa pada tarikh penyata kedudukan kewangan dan mana-mana pelarasan terhadap cukai yang perlu dibayar bagi tahun-tahun sebelumnya.
Cukai tertunda diperuntukkan menggunakan kaedah liabiliti atas perbezaan sementara antara asas cukai dan nilai dibawa aset dan liabiliti di dalam penyata kedudukan kewangan.

Mengikut prinsip, liabiliti cukai tertunda diiktiraf untuk semua perbezaan sementara yang boleh dicukai.

Aset cukai tertunda pula diiktiraf untuk semua perbezaan sementara boleh ditolak cukai, kerugian cukai belum diguna dan kredit cukai belum diguna.
Aset cukai tertunda akan diiktiraf setakat kemungkinan lebihan kena cukai masa hadapan yang boleh ditolak dengan perbezaan sementara yang boleh ditolak, kerugian cukai belum diguna dan kredit cukai yang belum digunakan.

Aset dan liabiliti cukai tertunda diukur pada kadar cukai yang dijangkakan untuk diaplikasikan dalam tahun aset itu direalisasikan atau liabiliti itu diselesaikan, berdasarkan kadar cukai dan perundangan cukai yang telah digubal atau sebahagian besar digubal pada tarikh laporan.
Aset dan liabiliti cukai tertunda boleh diofset jika ada hak yang sah untuk mengofset di antara aset dan liabiliti cukai pendapatan semasa dan ia berkaitan dengan pihak berkuasa cukai yang sama.

-13- 66 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 09 PENYATA KEWANGAN LEMBAGA PELABUHAN BINTULU (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981) NOTA-NOTA KEPADA PENYATA KEWANGAN BAGI TAHUN KEWANGAN BERAKHIR 31 DISEMBER 2020 3.
Dasar-dasar Perakaunan (Sambungan) 3.8 Cukai Barang dan Perkhidmatan (GST) Pelaksanaan Cukai Barang dan Perkhidmatan berkuat kuasa pada 1 April 2015. lmplikasi cukai barang dan perkhidmatan kepada LPB adalah seperti berikut: 3.8.1 3.8.2 Cukai Output lesen adalah dikecualikan daripada GST dan tiada cukai output dibayar.

Terimaan hasil seperti Terimaan hasil dari sewaan tanah, fasiliti, ruang pejabat dan lain-lain adalah tertakluk kepada GST berkadar standard 6% atau berkadar sifar (0%).
Cukai Input LPB menanggung GST yang dikenakan oleh pembekal bagi perolehan perkhidmatan.

LPB boleh menuntut GST (cukai input) bagi perolehan bekalan / perkhidmatan berkadar standard 6% sekiranya perolehan tersebut ada kaitan dengan pembekalan berkadar standard 6% (cukai output).

Mulai 1 Jun 2018, kadar GST telah berkurang kepada 0%.

GST ini kemudiannya telah dimansuhkan pada 1 September 2018 dan digantikan dengan Cukai Jualan dan Perkhidmatan.
3.9 Aset Kewangan 3.9.1 3.9.2 3.9.3 3.9.4 Aset kewangan diiktiraf dalam penyata kedudukan kewangan apabila LPB menjadi pihak kepada peruntukan kontrak instrumen.

Pada pengiktirafan awal, aset kewangan adalah diukur pada nilai saksama, termasuk kos urusniaga untuk aset kewangan yang tidak diukur pada nilai saksama menerusi lebihan atau kurangan, yang terlibat secara langsung di dalam mengiktiraf aset kewangan.
Selepas pengiktirafan awal, aset kewangan akan dikelaskan kepada salah satu daripada empat kategori aset kewangan iaitu aset kewangan diukur pada nilai saksama menerusi lebihan atau kurangan, pinjaman dan belum terima, pelaburan dipegang hingga matang dan aset kewangan sedia untuk dijual.
Pembelian atau penjualan aset kewangan yang memerlukan penyerahan aset dalam tempoh masa yang ditetapkan oleh peraturan atau konvensyen di dalam pasaran akan diiktiraf pada tarikh transaksi itu dibuat, iaitu tarikh di mana LPB membuat komitmen untuk membeli atau menjual aset tersebut.
3.9.5 LPB hanya mempunyai kategori aset kewangan seperti berikut: (i) Pinjaman dan Belum Terima Pinjaman dan belum terima adalah aset kewangan bukan derivatif dengan bayaran tetap atau boleh ditentukan yang tidak disebut harga dalam pasaran aktif.

Selepas pengukuran awal, aset kewangan tersebut kemudiannya diukur pada kos dilunaskan menggunakan kaedah faedah berkesan dan ditolak rosotnilai.
Kos dilunaskan dikira dengan mengambil kira apa-apa diskaun atau premium atas pembelian aset tersebut serta yuran atau kos yang merupakan sebahagian daripada kadar faedah berkesan.

Kerugian yang timbul daripada kemerosotan nilai diiktiraf di dalam penyata prestasi kewangan.
(ii) Pelaburan Dipegang Hingga Matang Aset kewangan bukan derivatif dengan tempoh matang pembayaran tetap atau boleh ditentukan dan tetap diklasifikasikan sebagai pelaburan dipegang hingga matang apabila LPB mempunyai niat positif dan keupayaan untuk memegang sehingga matang.

Selepas pengukuran awal, pelaburan dipegang hingga matang diukur pada kos yang dilunaskan menggunakan kaedah faedah berkesan dan ditolak rosotnilai.
Kos pelunasan dikira dengan mengambil kira apa-apa diskaun atau premium atas pengambilalihan dan yuran atau kos yang merupakan sebahagian daripada kadar faedah berkesan.

Kerugian yang timbul daripada kemerosotan nilai diiktiraf dalam penyata prestasi kewangan.
LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 67 09 PENYATA KEWANGAN LEMBAGA PELABUHAN BINTULU (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981) NOTA-NOTA KEPADA PENYATA KEWANGAN BAGI TAHUN KEWANGAN BERAKHIR 31 DISEMBER 2020 3.
Dasar-dasar Perakaunan (Sambungan) 3.9 Aset Kewangan (Sambungan) (iii) Aset kewangan sedia untuk dijual LPB mengklasifikasikan aset kewangan sedia untuk dijual sebagai aset kewangan bukan derivatif yang mana ia diklasifikasikan sebagai aset kewangan sedia untuk dijual atau ia tidak diklasifikasikan sebagai pinjaman dan belum terima, pelaburan dipegang hingga matang atau aset kewangan pada nilai saksama menerusi lebihan atau kurangan.
Selepas pengukuran awal, aset kewangan sedia untuk dijual kemudiannya diukur pada nilai saksama dengan keuntungan atau kerugian akan diiktiraf secara langsung di dalam penyata aset bersih sehingga aset kewangan itu dinyahiktiraf.

3.9.6 Rosotnilai Aset Kewangan Pada akhir setiap tempoh pelaporan, LPB akan menilai sama ada terdapat sebarang bukti objektif bahawa aset kewangan perlu untuk dirosot nilai.
Bukti objektif termasuk: (i) (ii) (iii) (iv) kesukaran kewangan yang ketara oleh peminjam; pembayaran tertunggak; kemungkinan bahawa peminjam akan muflis; atau data yang menunjukkan bahawa terdapat penurunan di dalam anggaran aliran tunai masa depan.
Bagi kategori aset kewangan yang diukur pada kos dilunaskan, jika tiada bukti objektif wujud bagi individu yang ketara, maka semua aset dalam LPB yang mempunyai ciri-ciri risiko yang serupa tidak kira sama ada ia ketara atau tidak, akan dinilai secara kolektif untuk menentukan sama ada ia perlu dibuat rosotnilai.
Kerugian rosotnilai, berhubung dengan aset kewangan yang diukur pada kos dilunaskan, diukur sebagai perbezaan di antara nilai dibawa aset berkenaan dan nilai semasa anggaran aliran tunai yang didiskaunkan pada kadar faedah berkesan yang asal.

Nilai dibawa aset tersebut akan dikurangkan melalui penggunaan akaun elaun.

Sebarang kerugian rosotnilai diiktiraf dalam penyata prestasi kewangan dengan serta-merta.
Jika, dalam tempoh kemudiannya, sebarang amaun kerugian rosotnilai menurun, kerugian rosotnilai yang diiktiraf sebelumnya akan dibalikkan secara langsung dalam akaun elaun.

Pembalikkan ini diiktiraf dalam penyata prestasi kewangan dengan serta-merta.

Bagi aset kewangan sedia untuk dijual, LPB pada setiap tarikh laporan akan mengkaji sama ada terdapat bukti objektif bahawa pelaburan atau sekumpulan pelaburan terjejas.
Bukti objektif termasuk penurunan yang ketara atau berpanjangan dalam nilai saksama pelaburan di bawah kosnya.

'Ketara' akan dinilai berdasarkan kepada kos asal pelaburan dan 'berpanjangan' pula dinilai berdasarkan tempoh di mana nilai saksama berada di bawah kos asalnya.
Di mana terdapat bukti kemerosotan nilai, kerugian terkumpul diukur sebagai perbezaan di antara kos pembelian dan nilai saksama semasa, ditolak apa-apa kerugian kemerosotan nilai atas pelaburan yang sebelum ini diiktiraf dalam penyata prestasi kewangan dan dikeluarkan dari penyata aset bersih dan diiktiraf dalam penyata prestasi kewangan.
3.9.7 Penyahiktirafan Aset Kewangan LPB akan menyahiktiraf aset kewangan atau, jika berkenaan, sebahagian daripada aset kewangan atau sebahagian daripada sekumpulan aset kewangan apabila: a) Hak untuk menerima aliran tunai daripada aset telah luput atau dikecualikan; b) LPB telah memindahkan haknya untuk menerima aliran tunai daripada aset atau telah menerima obligasi untuk membayar aliran tunai yang diterima secara penuh tanpa kelewatan material kepada pihak ketiga dan samada: (i) LPB telah memindahkan sebahagian besar risiko dan ganjaran aset; atau (ii) LPB tidak memindahkan atau mengekalkan sebahagian besar risiko dan ganjaran aset, tetapi telah memindahkan kawalan aset tersebut.
Sebarang perbezaan di antara nilai dibawa aset kewangan yang dinyahiktiraf dan pertimbangan diterima adalah diiktiraf di dalam penyata prestasi kewangan dalam tempoh penyahiktirafan.

Bagi aset kewangan sedia untuk dijual, semua keuntungan atau kerugian yang diiktiraf sebelum ini di dalam penyata aset bersih akan diiktiraf di dalam Penyata Prestasi Kewangan.
68 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 09 PENYATA KEWANGAN LEMBAGA PELABUHAN BINTULU (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981) NOTA-NOTA KEPADA PENYATA KEWANGAN BAGI TAHUN KEWANGAN BERAKHIR 31 DISEMBER 2020 3.
Dasar-dasar Perakaunan (Sambungan) 3.10 Pengiktirafan Pendapatan dan Perbelanjaan 3.10.1 Hasil daripada Urus Niaga Bukan Pertukaran Urus niaga bukan pertukaran akan diiktiraf sebagai aset apabila terdapat manfaat ekonomi masa depan atau potensi perkhidmatan dijangka mengalir ke dalam entiti, ianya berpunca daripada peristiwa lampau serta nilai saksama aset dapat diukur dengan munasabah.
Urus niaga bukan pertukaran yang diiktiraf sebagai aset hendaklah diiktiraf sebagai hasil, kecuali setakat liabiliti yang juga diiktiraf berkenaan dengan aliran masuk yang sama sebagai tertunda di dalam penyata kedudukan kewangan.

Apabila obligasi terhadap sesuatu liabiliti itu telah dipenuhi, entiti hendaklah mengurangkan amaun bawaan liabiliti yang diiktiraf itu dan mengiktiraf amaun hasil yang sama dengan pengurangan itu.
Hasil daripada Urus Niaga Bukan Pertukaran adalah seperti berikut : (i) Geran Kerajaan Geran Kerajaan yang tidak dikenakan syarat-syarat prestasi masa depan yang tertentu akan diambilkira sebagai hasil di dalam penyata prestasi kewangan.

Geran Kerajaan yang dikenakan syarat-syarat prestasi masa depan tertentu diiktiraf sebagai geran tertunda dan dilunaskan sebagai hasil bersamaan dengan amaun bawaan liabiliti yang telah memenuhi syarat.
3.10.2 Hasil daripada Urus Niaga Pertukaran Hasil daripada urus niaga pertukaran diiktiraf apabila terdapat kemungkinan bahawa manfaat ekonomi masa hadapan atau potensi perkhidmatan akan mengalir kepada entiti dan manfaat ini boleh diukur dengan pasti.

Hasil daripada Urus Niaga Pertukaran adalah seperti berikut : (i) Kutipan sewaan dan pajakan Hasil sewaan dan pajakan dikenakan ke atas aset-aset LPB mengikut syarat perjanjian penyewaan.
Pengiktirafan pendapatan sewaan dan pajakan berdasarkan asas akruan apabila hak untuk menerima bayaran telah ditentukan.

(ii) Lesen dan permit Lesen dan permit berhubung dengan pemberian kelulusan atau kebenaran kepada individu, perbadanan, perniagaan dan perusahaan–perusahaan lain untuk tujuan peraturan dan kawalan diiktiraf apabila ia dikeluarkan.

Ianya termasuk lesen pelabuhan.


(iii) Faedah dan dividen Hasil keuntungan daripada pelaburan diiktiraf atas dasar perkadaran masa yang mengambil kira kadar pulangan hasil berkesan atas aset tersebut.

Kadar pulangan hasil berkesan ke atas aset ialah kadar keuntungan yang diperlukan untuk mendiskaunkan jangkaan aliran penerimaan tunai masa hadapan sepanjang hayat aset tersebut untuk disamakan dengan amaun bawaan awal aset tersebut.
Pendapatan dividen pula diiktiraf apabila hak untuk menerima pembayaran telah dapat ditentukan.

3.10.3 Perbelanjaan diiktiraf di dalam tempoh ia berlaku atau dikenakan.

3.11 Tunai dan Kesetaraan Tunai Penyata aliran tunai telah disediakan menggunakan kaedah tidak langsung.
Tunai dan kesetaraan tunai terdiri daripada tunai di tangan dan di bank serta pelaburan berkecairan tinggi dengan bank berlesen dan institusi kewangan yang mempunyai tempoh matang dua belas bulan atau kurang yang sedia ditukar kepada amaun tunai yang diketahui dan tertakluk kepada risiko perubahan nilai yang tidak ketara.
-16- LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 69 09 PENYATA KEWANGAN LEMBAGA PELABUHAN BINTULU (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981) NOTA-NOTA KEPADA PENYATA KEWANGAN BAGI TAHUN KEWANGAN BERAKHIR 31 DISEMBER 2020 3.
Dasar-dasar Perakaunan (Sambungan) 3.12 Manfaat Pekerja 3.12.1 Manfaat kakitangan jangka pendek LPB sebagai sebuah pihak berkuasa tempatan adalah tertakluk kepada peraturan-peraturan perjawatan yang ditetapkan oleh Jabatan Perkhidmatan Awam (JPA).
Manfaat kakitangan yang digariskan oleh JPA adalah gaji pokok, elaun-elaun tetap, elaun-elaun berubah, pelbagai cuti termasuk cuti tahunan sehingga 35 hari, kemudahan perubatan di panel-panel klinik dan hospital swasta yang dilantik, kemudahan pinjaman perumahan, kenderaan dan komputer.

Manfaat kakitangan jangka pendek termasuk gaji, upah, bonus dan caruman keselamatan sosial diiktiraf sebagai perbelanjaan dalam tahun di mana perkhidmatan berkaitan diberikan oleh pekerja.
Pengumpulan ganti rugi jangka pendek bagi ketidakhadiran seperti cuti tahunan bergaji akan diambil kira apabila perkhidmatan diberikan oleh kakitangan di mana hak mereka terhadap ganti rugi ketidakhadiran di masa hadapan akan meningkat dan ganti rugi jangka pendek yang tidak dikumpulkan di atas ketidakhadiran seperti cuti sakit akan dikira apabila ketidakhadiran berlaku.

3.12.2 Manfaat selepas perkhidmatan (i) Kumpulan Wang Simpanan Pekerja (KWSP) LPB mencarum kepada KWSP pada kadar yang dikanunkan.
Caruman tersebut diiktiraf ke dalam penyata prestasi kewangan dalam tempoh kewangan ianya berlaku.

(ii) Kumpulan Wang Persaraan (KWAP) LPB mencarum kepada Kumpulan Wang Persaraan (Diperbadankan) bagi kakitangan yang diberi taraf berpencen pada kadar yang dikanunkan.

Caruman tersebut diiktiraf ke dalam penyata prestasi kewangan dalam tempoh kewangan ianya berlaku.
(iii) Gantian Cuti Rehat Bagi kakitangan tetap LPB sama ada memilih skim berpencen mahupun KWSP akan mendapat ganjaran cuti rehat (GCR) apabila tiba umur persaraan mereka.

Ganjaran ini adalah berdasarkan Pekeliling Perkhidmatan yang dikeluarkan oleh JPA dan digunapakai oleh LPB.

GCR akan diambil kira apabila perkhidmatan telah diberikan oleh semua kakitangan yang mana ia telah meningkatkan hak mereka ke atas ganjaran ketidakhadiran di masa hadapan sehingga maksimum 150 hari.
Obligasi LPB berhubung dengan GCR ini adalah untuk menganggar amaun manfaat masa hadapan yang akan diperoleh oleh kakitangan sebagai balasan kepada perkhidmatan mereka dalam tempoh semasa dan tempoh terdahulu; manfaat tersebut didiskaunkan untuk menentukan nilai kininya.

Sebarang kos perkhidmatan lampau yang tidak diiktiraf dan nilai kini pelan aset, jika ada perlu ditolak.

Kadar diskaun adalah kadar hasil bon Kerajaan pada tarikh pelaporan.
Pengiraan dilakukan setiap tahun menggunakan Kaedah Unjuran Unit Kredit.

Semua perubahan dalam peruntukan GCR diiktiraf sepenuhnya dalam penyata prestasi kewangan dalam tempoh ia berlaku.

Bagi kakitangan kontrak, GCR hanya untuk tahun semasa sahaja dan bayaran akan dilakukan berdasarkan jumlah yang terkumpul.

GCR tidak terkumpul sehingga tempoh bersara.


-17- 70 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 09 PENYATA KEWANGAN LEMBAGA PELABUHAN BINTULU (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981) NOTA-NOTA KEPADA PENYATA KEWANGAN BAGI TAHUN KEWANGAN BERAKHIR 31 DISEMBER 2020 3.

Dasar-dasar Perakaunan (Sambungan) 3.13 Maklumat Bajet Bajet tahunan disediakan berdasarkan asas tunai.
Memandangkan penyata kewangan disediakan menggunakan asas akruan, maka satu Penyata Perbandingan Bajet dan Sebenar disediakan secara berasingan.

Penyata ini telah disediakan menggunakan asas penyediaan bajet tahunan.

Bajet tahunan LPB telah disediakan berdasarkan Seksyen 19 dan 20 Akta Lembaga Pelabuhan Bintulu 1981.
Bajet tahunan ini telah dibentangkan dalam Mesyuarat Jawatakuasa Kewangan dan Perancangan LPB untuk diperakukan dan dibentangkan dalam Mesyuarat Lembaga Pengarah LPB untuk kelulusan dan seterusnya diangkat untuk kelulusan YB Menteri Pengangkutan Malaysia.
3.14 Mengofset Instrumen Kewangan Aset kewangan dan liabiliti kewangan hanya diofset jika, dan hanya jika, terdapat hak undang-undang mengofsetkannya dan terdapat tujuan menyelesaikannya pada nilai bersih atau untuk merealisasikan aset dan menyelesaikan liabiliti secara serentak.
3.15 Kakitangan Penting Pengurusan Kakitangan penting pengurusan ditakrifkan sebagai individu-individu yang mempunyai kuasa serta tanggungjawab untuk merancang, mengarah dan mengawal aktiviti LPB secara langsung atau tidak langsung.

LPB menganggap kakitangan penting pengurusan sebagai orang atau entiti dengan keupayaan untuk mengenakan kawalan secara individu atau bersama, atau untuk melaksanakan pengaruh penting ke atas LPB, atau sebaliknya.
Kakitangan penting pengurusan dianggap sebagai pihak berkaitan dan terdiri daripada Pengerusi dan ahli-ahli Lembaga Pengarah LPB.

3.16 Peruntukan Peruntukan diiktiraf apabila LPB mempunyai obligasi semasa (perundangan atau konstruktif) hasil daripada peristiwa lalu, terdapat kemungkinan bahawa aliran keluar sumber yang mengandungi manfaat ekonomi perlu dilakukan untuk menyelesaikan obligasi dan jumlah obligasi boleh dianggarkan dengan pasti.
Apabila LPB menjangkakan beberapa atau semua peruntukan akan dibayar balik, perbelanjaan berkaitan peruntukan dibentangkan dalam penyata prestasi kewangan daripada sebarang pembayaran balik.
3.17 Liabiliti Luar Jangka dan Aset Luar Jangka 3.17.1 Liabiliti luar jangka adalah obligasi semasa yang tidak diiktiraf kerana tiada kebarangkalian aliran keluar sumber akan diperlukan untuk menyelesaikan obligasi atau dalam kes yang sangat jarang berlaku di mana liabiliti tidak dapat diiktiraf kerana ia tidak boleh diukur secara pasti.

Liabiliti luar jangka tidak diiktiraf tetapi didedahkan dalam penyata kewangan.
Obligasi yang muncul dari peristiwa yang lepas, yang kewujudannya hanya dapat disahkan melalui berlakunya atau tidak berlakunya satu atau lebih peristiwa akan datang yang belum pasti, tidak di bawah kawalan LPB keseluruhan juga didedahkan sebagai liabiliti luar jangka melainkan kebarangkalian aliran keluar sumber ekonomi adalah kecil.
3.17.2 Aset luar jangka adalah aset yang berkemungkinan wujud daripada peristiwa lalu yang kewujudannya akan hanya disahkan apabila berlaku atau tidak berlakunya satu atau lebih peristiwa yang tidak pasti pada masa hadapan yang bukan dalam kawalan penuh LPB.

LPB tidak mengiktiraf aset luar jangka dalam penyata kewangan tetapi mendedahkan kewujudannya di mana aliran masuk manfaat ekonomi adalah berkemungkinan, tetapi tidak pasti.
LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 71 09 PENYATA KEWANGAN LEMBAGA PELABUHAN BINTULU (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981) NOTA-NOTA KEPADA PENYATA KEWANGAN BAGI TAHUN KEWANGAN BERAKHIR 31 DISEMBER 2020 3.

Dasar-dasar Perakaunan (Sambungan) 3.18 Liabiliti Kewangan 3.18.1 3.18.2 Liabiliti kewangan diiktiraf dalam penyata kedudukan kewangan apabila LPB menjadi pihak kepada peruntukan kontrak instrumen.
Pada pengiktirafan awal, liabiliti kewangan adalah diukur pada nilai saksama, termasuk kos urus niaga untuk liabiliti kewangan yang tidak diukur pada nilai saksama menerusi lebihan atau kurangan, yang terlibat secara langsung di dalam mengiktiraf liabiliti kewangan.

3.18.3 Selepas pengiktirafan awal, liabiliti kewangan dikelaskan kepada salah satu daripada dua kategori liabiliti kewangan iaitu liabiliti kewangan diukur pada nilai saksama menerusi lebihan atau kurangan dan pinjaman dan belum bayar.
3.18.4 LPB mempunyai kategori liabiliti kewangan seperti berikut : (i) Pinjaman dan Belum Bayar Selepas pengiktirafan awal, pinjaman dan belum bayar adalah diukur pada kos dilunaskan menggunakan kaedah faedah berkesan.

Keuntungan atau kerugian diiktiraf di dalam penyata prestasi kewangan apabila liabiliti kewangan dinyahiktiraf atau dirosotnilai.

Kaedah faedah berkesan adalah kaedah untuk mengira kos dilunaskan liabiliti kewangan dan untuk memperuntukan perbelanjaan faedah ke atas tempoh yang berkaitan.
Kadar faedah berkesan adalah kadar diskaun anggaran pembayaran tunai masa depan yang tepat menerusi jangka hayat liabiliti kewangan atau, apabila sesuai, tempoh yang lebih singkat, dengan nilai dibawa liabiliti kewangan tersebut.

3.18.5 Liabiliti kewangan dinyahiktiraf apabila obligasi yang dinyatakan dalam kontrak telah dilepaskan, dibatalkan atau tamat hayat.
Sebarang perbezaan di antara nilai dibawa liabiliti kewangan yang dinyahiktiraf dan pertimbangan dibayar adalah diiktiraf di dalam penyata prestasi kewangan dalam tempoh penyahiktirafan.

3.19 Pertimbangan Perakaunan Kritikal dan Sumber Utama Ketidakpastian Anggaran 3.19.1 Pertimbangan perakaunan kritikal Tiada sebarang pertimbangan perakaunan kritikal selain yang dinyatakan di bawah, yang mempunyai kesan ketara ke atas jumlah yang diiktiraf di dalam penyata kewangan.
LPB sebagai pemberi pajak LPB telah memasuki beberapa perjanjian pajakan di mana LPB adalah pemberi pajak.

LPB telah menetapkan, berdasarkan penilaian terhadap terma dan syarat perjanjian bahawa ia mengekalkan semua risiko dan ganjaran pemilikan aset dan mengakaunkan perjanjian pajakan tersebut sebagai pajakan operasi.
3.19.2 Sumber utama ketidakpastian anggaran Anggaran utama berkenaan masa hadapan, dan lain-lain sumber utama ketidakpastian anggaran pada tarikh pelaporan, yang mempunyai risiko ketara yang akan menyebabkan pelarasan penting terhadap nilai dibawa aset dan liabiliti di dalam tahun kewangan seterusnya adalah seperti berikut: 72 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 09 PENYATA KEWANGAN LEMBAGA PELABUHAN BINTULU (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981) NOTA-NOTA KEPADA PENYATA KEWANGAN BAGI TAHUN KEWANGAN BERAKHIR 31 DISEMBER 2020 3.
Dasar-dasar Perakaunan (Sambungan) 3.19 Pertimbangan Perakaunan Kritikal dan Sumber Utama Ketidakpastian Anggaran (Sambungan) 3.19.2 Sumber utama ketidakpastian anggaran (Sambungan) (i) (ii) (iii) (iv) Pengukuran peruntukan LPB sentiasa menggunakan anggaran terbaik sebagai asas untuk mengukur sesuatu peruntukan itu.

Anggaran itu dibuat berdasarkan kepada pengalaman lalu, lain-lain petunjuk atau andaian, perkembangan terkini dan peristiwa masa hadapan yang munasabah dalam menentukan sesuatu peruntukan.
Kerugian rosotnilai bagi belum terima LPB menilai pada setiap tarikh pelaporan sama ada terdapat sebarang bukti objektif bahawa aset kewangan terjejas.

Untuk menentukan sama ada terdapat bukti objektif rosotnilai, LPB menganggap faktor seperti ketidakmampuan bayar siberhutang dan keingkaran atau kelewatan pembayaran yang ketara.
Jika terdapat bukti objektif kemerosotan nilai, jumlah dan masa aliran tunai masa depan dianggarkan berdasarkan sejarah pengalaman kerugian untuk aset yang mempunyai ciri-ciri risiko kredit yang serupa.

Penentuan hartanah pelaburan Sebahagian daripada hartanah LPB adalah dipegang untuk mendapatkan pendapatan sewa atau untuk tujuan peningkatan nilai atau untuk kedua-duanya manakala sebahagian yang lain pula dipegang untuk kegunaan sendiri.
Jika bahagian sesuatu hartanah itu yang dipegang untuk tujuan mendapatkan pendapatan sewa atau untuk peningkatan nilai boleh dijual secara berasingan atau dipajak secara berasingan sebagai pajakan kewangan, maka LPB akan mengkategorikan bahagian tersebut sebagai hartanah pelaburan.
Jika sesuatu bahagian hartanah itu tidak boleh dijual atau dipajak secara berasingan, maka ia akan diklasifikasikan sebagai hartanah pelaburan jika sebahagian hartanah yang lain yang dipegang untuk kegunaan sendiri adalah tidak signifikan.
Perubahan anggaran jangka hayat bagi hartanah, loji dan peralatan, hartanah pelaburan dan aset tak ketara Semua hartanah, loji dan peralatan, hartanah pelaburan dan aset tak ketara disusutnilaikan atau dilunaskan mengikut kaedah garis lurus sepanjang jangka hayat aset-aset tersebut.

Perubahan dalam anggaran corak penggunaan aset dan pembangunan teknologi boleh memberi kesan kepada jangka hayat dan nilai sisa aset tersebut.
Ini akan menyebabkan susut nilai atau pelunasan aset pada masa hadapan akan disemak semula.

3.20 Kesan Pemakaian MPSAS Penyata kewangan ini adalah merupakan penyata kewangan peralihan yang terakhir bagi LPB untuk mematuhi rangka kerja perakaunan MPSAS secara keseluruhannya di mana di dalam penyata kewangan peralihan sebelum ini, Majlis telah memilih beberapa peruntukan dan pengecualian samada ia memberi kesan yang ketara atau tidak ketika menyediakan penyata kewangan peralihan tersebut.
Memandangkan penyata kewangan ini adalah merupakan penyata kewangan peralihan yang terakhir, peruntukan dan pengecualian berikut telah diambil kira di dalam penyediaan penyata kewangan tahun semasa.

LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 73 09 PENYATA KEWANGAN LEMBAGA PELABUHAN BINTULU (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981) NOTA-NOTA KEPADA PENYATA KEWANGAN BAGI TAHUN KEWANGAN BERAKHIR 31 DISEMBER 2020 3.
Dasar-dasar Perakaunan (Sambungan) 3.20 Kesan Pemakaian MPSAS (Sambungan) Pengukuran aset kewangan sedia untuk dijual Sebahagian daripada pelaburan LPB yang terdiri daripada saham disenaraikan dan dana pengurusan tunai adalah merupakan aset kewangan yang dikategorikan sebagai aset kewangan sedia untuk dijual.

Di dalam tempoh peralihan sebelum ini, pelaburan ini diukur terendah antara kos dan nilai saksama.
Ini bermakna jika nilai saksama adalah lebih rendah daripada kos pelaburan, maka peruntukan rosotnilai akan dibuat dan dicajkan kepada penyata prestasi kewangan.

Apabila nilai saksama melebihi daripada kos pelaburan, maka peruntukan rosotnilai yang dibuat sebelum ini akan dikreditkan ke penyata prestasi kewangan setakat kos sesuatu pelaburan tersebut.

Di dalam tahun kewangan semasa, LPB telah melaraskan nilai dibawa pelaburannya pada nilai saksama kerana ia mempunyai harga pasaran yang aktif.
Sebarang perubahan ke atas nilai saksama akan diiktiraf secara langsung di dalam penyata aset bersih sehingga aset kewangan itu dinyahiktiraf.

Pengukuran baki hutang premium tanah baharu kepada Kerajaan Negeri Sarawak Pada 1 Januari 2020, baki jumlah hutang premium tanah baharu yang perlu dibayar kepada Kerajaan Negeri Sarawak adalah berjumlah jumlah hutang ini akan dapat RM28,016,640 dengan pembayaran tahunan sebanyak RM7,004,160 tanpa bayaran faedah.
Baki diselesaikan sepenuhnya di dalam tahun kewangan 2023.

Di dalam tempoh peralihan sebelum ini, tiada kos kewangan yang direkodkan di dalam penyata prestasi kewangan berkaitan dengan pembayaran hutang tersebut.

3.21 Pajakan LPB sebagai pemberi pajak Pajakan di mana LPB tidak memindahkan sebahagian besar risiko dan faedah pemilikan sesuatu aset dikelaskan sebagai pajakan operasi.
Kos langsung awal yang ditanggung dalam rundingan pajakan operasi ditambah kepada jumlah bawaan aset yang dipajak dan diiktiraf dalam tempoh pajakan.

LPB sebagai penerima pajak Pajakan kewangan memindahkan, sebahagian besar risiko dan ganjaran yang berkaitan dengan pemilikan aset yang dipajak kepada LPB sebagai penerima pajak.

Pengiktirafan awal untuk pajakan kewangan mengiktiraf aset dan liabiliti pada amaun terendah antara nilai saksama aset yang dipajak dan nilai kini bayaran pajakan minimum.
Selepas pengiktirafan awal, pembayaran pajakan dibahagikan antara caj kewangan dan pengurangan liabiliti pajakan untuk mencapai kadar faedah yang berterusan ke atas baki liabiliti.

Caj kewangan diiktiraf sebagai kos kewangan dalam penyata prestasi kewangan.

Aset yang dipegang di bawah pajakan kewangan disusutnilai sepanjang hayat berguna aset tersebut.
Walau bagaimanapun, jika tidak ada kepastian yang munasabah bahawa LPB akan memperoleh pemilikan aset tersebut pada akhir tempoh pajakan, aset itu disusutnilai sepanjang jangka masa hayat berguna yang dianggarkan dan tempoh pajakan.

Pajakan operasi, mengekalkan sebahagian besar risiko dan ganjaran pemilikan pemberi pajak.

Ia diiktiraf secara sistematik sepanjang tempoh pajakan.
Penambahbaikan pegangan pajakan dipermodalkan dan kosnya dilunaskan sepanjang baki tempoh pajakan atau anggaran usia guna penambahbaikan dengan mengambil tempoh yang lebih pendek.

Insentif pajakan yang diterima diiktiraf dengan kadar sama rata ke atas jangka masa pajakan sebagai pengurangan belanja sewa.
3.22 Aset Tak Ketara 3.22.1 3.22.2 tak ketara diiktiraf apabila terdapat kemungkinan bahawa manfaat ekonomi masa hadapan atau potensi Aset perkhidmatan akan mengalir kepada LPB dan kos atau nilai saksama aset boleh diukur dengan pasti.

Aset tak ketara yang dibeli secara berasingan adalah diukur pada kos pada awalnya manakala aset yang diperolehi melalui urusniaga bukan pertukaran akan diukur berdasaran nilai saksama pada tarikh perolehan.
Selepas itu, aset tak ketara diukur pada kos ditolak sebarang pelunasan terkumpul dan sebarang kerugian rosotnilai terkumpul, jika ada.

Kos yang berkaitan dengan aset tak ketara yang dijanakan secara dalaman diiktiraf sebagai perbelanjaan.
74 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 09 PENYATA KEWANGAN LEMBAGA PELABUHAN BINTULU (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981) NOTA-NOTA KEPADA PENYATA KEWANGAN BAGI TAHUN KEWANGAN BERAKHIR 31 DISEMBER 2020 3.

Dasar-dasar Perakaunan (Sambungan) 3.22 Aset Tak Ketara (sambungan) 3.22.3 Sesuatu aset tak ketara itu akan dinilai samada terdapat tempoh jangkaan hayat ataupun tidak.
Jika aset tak ketara itu tidak mempunyai jangkaan hayat, maka ia tidak perlu dilunaskan tetapi perlu dinilai sama ada perlu dibuat rosotnilai jika terdapat sebarang petunjuk.

3.22.4 Aset tak ketara terdiri daripada perisian komputer dilunaskan berdasarkan jangkaan hayat selama 3 tahun.
3.22.5 3.22.6 Pada setiap tarikh pelaporan, tempoh dan keadaan pelunasan akan dikaji semula jika terdapat tanda perubahan yang ketara dalam faktor-faktor yang memberi kesan kepada nilai sisa, jangkaan hayat atau corak penggunaan aset sejak tarikh pelaporan tahunan yang lalu dan akan dilaraskan secara prospektif, jika perlu.
Keuntungan atau kerugian atas nyahiktiraf aset tak ketara adalah ditentukan dengan membandingkan nilai pelupusan bersih dengan nilai dibawa aset di mana perbezaannya akan diambilkira sebagai keuntungan atau kerugian di dalam penyata prestasi kewangan.

4.
Bantuan Kewangan Bantuan kewangan kepada Lembaga Pelabuhan Labuan Dianalisa seperti berikut: Semasa Bukan semasa 2020 RM 2020 RM - - - - 2019 RM 6,510,898 2019 RM 1,000,000 5,510,898 6,510,898 Bantuan kewangan kepada Lembaga Pelabuhan Labuan (LPL) yang dinyatakan dalam Penyata Kedudukan Kewangan sebagai aset semasa sebelum ini telah diiktirafkan sebagai perbelanjaan kepada LPL dalam tahun 2020 dan dinyatakan dalam Penyata Prestasi Kewangan Bagi Tahun Berakhir 31 Disember 2020 berdasarkan kepada keputusan yang telah dibincangkan dengan Jabatan Audit Negara Negeri Sarawak (JANNS) pada 7 April 2021.
Di mana JANNS melalui surat rujukan AUDIT/W/427:8/16/1 Jld.6(3) bertarikh 12 April 2021 telah memberi pandangan mengenai Penyata Kewangan LPB dan LPL berkenaan bantuan kewangan ini seperti berikut:- (i) (ii) (iii) (iv) Pandangan Penasihat Undang-undang Kementerian Pengangkutan (PUU MOT) menyatakan Perintah LPB (Peluasan Fungsi) 2017 (Perintah Pemanjangan LPB) mewujudkan LPL sebagai suatu entiti undang-undang tetapi bukanlah sebagai suatu entiti undang- undang yang berasingan dan berbeza (separate and distinct legal entity ).
Bagaimanapun, Penyata Kewangan LPB disatukan dengan Penyata Kewangan LPL mulai tahun 31 Disember 2021.

Penyata Kewangan LPB dan LPL Bagi Tahun Berakhir 31 Disember 2020 kekal berasingan.

Sejumlah RM6 juta yang diberikan kepada LPL boleh diiktiraf sebagai perbelanjaan LPB dalam tahun kewangan 2020.

Bantuan kewangan ini termasuklah dana sumbangan LPB kepada LPL berjumlah RM1.326 juta yang merupakan sumbangan yang dimohon oleh LPL daripada LPB bagi menampung kos operasi semasa tempoh peralihan.
LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 75 09 PENYATA KEWANGAN LEMBAGA PELABUHAN BINTULU (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981) NOTA-NOTA KEPADA PENYATA KEWANGAN BAGI TAHUN KEWANGAN BERAKHIR 31 DISEMBER 2020 5.
Urus Niaga Pertukaran Belum Terima Semasa Faedah dan dividen belum terima Penghutang cukai taksiran Penghutang sewa pajakan Penghutang sewa bangunan LPB Penghutang sewa ruang Pendapatan sewa bangunan belum terima Pendapatan air dan elektrik belum terima Surcaj Pinjaman kakitangan Bukan semasa Pinjaman kakitangan 2020 RM 2019 RM 14,299,359 77,616 17,660,432 70,425 9,540 67 4,099 15,843 177,314 32,314,695 18,263,150 - 15,807,436 4,931 1,300 933 5,834 - 160,459 34,244,042 4,044,132 4,044,132 36,358,827 3,979,474 3,979,474 38,223,517 Tempoh kredit LPB kebiasaannya di antara 30 hingga 90 hari.
Lain-lain tempoh kredit dinilai dan diluluskan mengikut kes demi kes.

Faedah dan dividen belum terima adalah merupakan faedah dan dividen yang akan diterima daripada pelaburan-pelaburan yang dibuat oleh LPB.

Termasuk di dalam penghutang sewa pajakan adalah jumlah terhutang dari Bintulu Port Sdn.

Bhd.

berjumlah RM14,841,672 (2019: RM13,287,283) iaitu mewakili kira-kira 84% (2019: 84%) daripada jumlah penghutang sewa pajakan.
Jumlah terhutang ini adalah bagi sewa pajakan tanah dan fasiliti di kawasan non-demised .

Pinjaman kakitangan terdiri daripada pinjaman perumahan, kenderaan dan komputer.

Pinjaman ini tidak bercagar dan dikenakan faedah pada kadar 4% setahun serta mempunyai tempoh pembayaran balik pinjaman di antara 1 - 30 tahun.
Analisa pengumuran urus niaga pertukaran belum terima (semasa sahaja) adalah seperti berikut: Belum melepasi tempoh kena dibayar Melepasi tempoh kena dibayar 1 hingga 30 hari tetapi tidak dirosot nilai Melepasi tempoh kena dibayar 31 hingga 60 hari tetapi tidak dirosot nilai Melepasi tempoh kena dibayar 61 hingga 90 hari tetapi tidak dirosot nilai Melepasi tempoh kena dibayar 91 hari tetapi tidak dirosot nilai 6.
Pelbagai Akaun Belum Terima dan Deposit Cukai barangan dan perkhidmatan akan dikembalikan Hutang pengurus dana Deposit cagaran elektrik Deposit bahan api Deposit cagaran air Penghutang lain-lain Hutang pengurus dana adalah merupakan hutang terakru bagi bayaran pengurusan saham dan broker.
-23- 2020 RM 14,554,289 17,746,700 - 4,770 8,936 32,314,695 2019 RM 18,423,609 15,812,367 - 650 7,417 34,244,042 2020 RM 2019 RM - 44,695 1,150 5,000 4,560 169 55,574 2,839,517 688,287 1,150 5,000 4,560 42,599 3,581,113 76 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 09 PENYATA KEWANGAN LEMBAGA PELABUHAN BINTULU (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981) NOTA-NOTA KEPADA PENYATA KEWANGAN BAGI TAHUN KEWANGAN BERAKHIR 31 DISEMBER 2020 7.
Pelaburan Lain Semasa Short Term Money Market Deposit Bukan semasa Saham disenaraikan Dana Pengurusan Tunai Nilai Dibawa Nilai Saksama 2020 RM 2019 RM 2020 RM 2019 RM 3,900,000 3,900,000 5,880,000 5,880,000 3,900,000 3,900,000 5,880,000 5,880,000 6,326,007 498,816,147 505,142,154 509,042,154 4,575,726 470,096,779 474,672,505 480,552,505 6,326,007 498,816,147 505,142,154 509,042,154 4,575,726 470,096,779 474,672,505 480,552,505 Jumlah kos pelaburan saham disenaraikan dan Dana Pengurusan Tunai masing-masing berjumlah RM5,790,064 dan RM500,000,163 (2019: RM4,496,836 dan RM471,200,163).
Short Term Money Market Deposit mempunyai tempoh matang selama 1-14 hari dengan purata wajaran kadar faedah berkesan pada tarikh penyata kedudukan kewangan adalah antara 1.25% - 2.45% setahun (2019: 2.40% - 2.50% setahun).

Nilai saksama saham disenaraikan dan Dana Pengurusan Tunai ditentukan dengan merujuk kepada sebut harga yang diterbitkan dalam pasaran aktif.

8.

Simpanan Tetap Bank berlesen 2020 RM 2019 RM 574,500,000 494,050,000 Simpanan tetap ditempatkan di bank berlesen yang diluluskan.
Purata wajaran kadar faedah berkesan simpanan tetap pada tarikh kedudukan kewangan adalah 2.40% - 3.80% setahun (2019: 3.37% - 4.10% setahun).

9.

Tunai dan Baki di Bank Tunai di tangan Baki di bank 2020 RM 2019 RM 550 319,531 320,081 550 45,975 46,525 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 77 09 PENYATA KEWANGAN 10.
Hartanah, Loji dan Peralatan Kos Perkakas pejabat dan lain-lain Kenderaan bermotor Perabot dan kelengkapan Tanah pegangan pajakan Bangunan dan struktur pelabuhan Susut Nilai Terkumpul Perkakas pejabat dan lain-lain Kenderaan bermotor Perabot dan kelengkapan Tanah pegangan pajakan Bangunan dan struktur pelabuhan Kos Perkakas pejabat dan lain-lain Kenderaan bermotor Perabot dan kelengkapan Susut Nilai Terkumpul Perkakas pejabat dan lain-lain Kenderaan bermotor Perabot dan kelengkapan Nilai Dibawa Perkakas pejabat dan lain-lain Kenderaan bermotor Perabot dan kelengkapan Tanah pegangan pajakan Bangunan dan struktur pelabuhan LEMBAGA PELABUHAN BINTULU (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981) NOTA-NOTA KEPADA PENYATA KEWANGAN BAGI TAHUN KEWANGAN BERAKHIR 31 DISEMBER 2020 Baki Pada 01.01.2020 RM 2,919,967 2,409,702 1,072,957 - - 6,402,626 Pindahan RM Pertambahan/ RM Pelupusan/ Hapuskira RM Baki Pada 31.12.2020 RM 262,622 231,763,085 232,025,707 235,618 178,300 15,990 - - 429,908 - (660,394) - - (7,570) (667,964) 3,155,585 1,927,608 1,088,947 262,622 231,755,515 238,190,277 Baki Pada 01.01.2020 RM Pindahan Susut Nilai RM Susut Nilai Tahun Semasa RM Pelupusan/ Hapus Kira RM Baki Pada 31.12.2020 RM 1,768,470 2,164,363 944,021 - - 4,876,854 - - - 98,399 83,733,643 83,832,042 Baki Pada 01.01.2019 RM 3,150,944 2,503,506 1,129,407 6,783,857 224,315 153,971 29,105 2,652 4,139,198 4,549,241 - (660,394) - - (2,095) (662,489) 1,992,785 1,657,940 973,126 101,051 87,870,746 92,595,648 Pertambahan RM Pelupusan/
 Hapuskira RM Baki Pada 31.12.2019 RM 35,274 - 5,000 40,274 (266,251) (93,804) (61,450) (421,505) 2,919,967 2,409,702 1,072,957 6,402,626 Baki Pada 01.01.2019 RM Susut Nilai Tahun Semasa RM Pelupusan/ Hapus Kira RM Baki Pada 31.12.2019 RM 1,759,934 2,086,798 976,106 4,822,838 228,407 166,236 29,365 424,008 (219,871) (88,671) (61,450) (369,992) 1,768,470 2,164,363 944,021 4,876,854 Baki Pada 31.12.2020 RM Baki Pada 31.12.2019 RM 1,162,800 269,668 115,821 161,571 143,884,769 145,594,629 1,151,497 245,339 128,936 - - 1,525,772 Dalam tahun 2020, hartanah pelaburan telah dikelaskan semula dimana terdapat beberapa aset iaitu tanah pegangan pajakan dan bangunan dan struktur pelabuhan telah dipindahkan ke dalam hartanah, loji dan peralatan yang menyebabkan perbezaan ketara dalam nilai aset dibawa diantara tahun 2020 dengan tahun 2019.
-25- 78 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 09 PENYATA KEWANGAN LEMBAGA PELABUHAN BINTULU (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981) NOTA-NOTA KEPADA PENYATA KEWANGAN BAGI TAHUN KEWANGAN BERAKHIR 31 DISEMBER 2020 11.
Hartanah Pelaburan Kos Tanah pegangan pajakan Bangunan dan struktur pelabuhan Susut Nilai Terkumpul Tanah pegangan pajakan Bangunan dan struktur pelabuhan Kos Tanah pegangan pajakan Bangunan dan struktur pelabuhan (Nota 12) Susut Nilai Terkumpul Tanah pegangan pajakan Bangunan dan struktur pelabuhan Nilai Dibawa Tanah pegangan pajakan Bangunan dan struktur pelabuhan Baki Pada 01.01.2020 RM 190,664,914 2,018,730,909 2,209,395,823 Baki Pada 01.01.2020 RM 21,724,584 879,488,993 901,213,577 Pindahan RM Pertambahan/ RM Baki Pada 31.12.2020 RM (262,622) (231,763,085) (232,025,707) - - - 190,402,292 1,786,967,824 1,977,370,116 Pindahan Susut Nilai RM Susut Nilai Tahun Semasa RM Baki Pada 31.12.2020 RM (98,398) (83,733,642) (83,832,040) 1,923,063 32,944,184 34,867,247 23,549,249 828,699,535 852,248,784 Baki Pada 01.01.2019 RM Pindahan dari (Nota 12) RM Baki Pada 31.12.2019 RM 190,664,914 2,018,011,048 2,208,675,962 - 719,861 719,861 190,664,914 2,018,730,909 2,209,395,823 Baki Pada 01.01.2019 RM Susut Nilai Tahun Semasa RM Baki Pada 31.12.2019 RM 19,798,869 842,417,163 862,216,032 1,925,715 37,071,830 38,997,545 21,724,584 879,488,993 901,213,577 Baki Pada 31.12.2020 RM Baki Pada 31.12.2019 RM 166,853,043 958,268,289 1,125,121,332 168,940,330 1,139,241,916 1,308,182,246 Hasil sewa daripada hartanah pelaburan adalah berjumlah RM149,299,690 (2019: RM135,519,274).
Belanja operasi langsung termasuk pembaikan dan penyelenggaraan yang terlibat daripada hartanah pelaburan yang menjana hasil sewa adalah berjumlah RM3,478,519 (2019: RM3,532,360).

Belanja operasi langsung termasuk pembaikan dan penyelenggaraan yang terlibat daripada hartanah pelaburan yang tidak menjana hasil sewa adalah berjumlah RM31,287,912 (2019:RM39,176,508).

LPB berpendapat bahawa nilai saksama hartanah pelaburan di atas adalah melebihi daripada nilai kos.
-26- LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 79 09 PENYATA KEWANGAN LEMBAGA PELABUHAN BINTULU (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981) NOTA-NOTA KEPADA PENYATA KEWANGAN BAGI TAHUN KEWANGAN BERAKHIR 31 DISEMBER 2020 12.
Kerja dalam kemajuan Baki pada 1 Januari Tambahan semasa Baki pada 31 Disember Tolak: Perbelanjaan hapus kira Pindahan ke hartanah pelaburan (Nota 11) Baki sehingga 31 Disember 2020 RM 48,705,902 24,564,089 73,269,991 (72,713,141) - (72,713,141) 556,850 2019 RM 49,390,404 35,359 49,425,763 - (719,861) (719,861) 48,705,902 Kerja Dalam Kemajuan berjumlah RM48,705,902 dalam Penyata Kewangan Tahun 2019 dan tambahan Kerja Dalam Kemajuan yang dibayar dalam tahun 2020 untuk Projek Pembangunan Supply Base In Second Basin Of Bintulu Port berjumlah RM24,007,239.26 ini dihapuskira secara dinyahiktirafkan iaitu mengeluarkannya daripada Penyata Kedudukan Kewangan dengan mensifarkan baki Kerja Dalam Kemajuan dan dinyatakan semula dalam Penyata Prestasi Kewangan sebagai Perbelanjaan Hapus Kira Kerja Dalam Kemajuan dalam Penyata Kewangan LPB Bagi Tahun Berakhir 31 Disember 2020 memandangkan projek ini telah ditamatkan dan tiada manfaat ekonomi masa hadapan atau potensi perkhidmatan dijangkakan daripada pelupusan atau hapuskiranya.
13.
Aset Tak Ketara Kos Perisian komputer Susut Nilai Terkumpul Perisian komputer Kos Perisian komputer Susut Nilai Terkumpul Perisian komputer Nilai Dibawa Perisian komputer Baki Pada 01.01.2020 RM Pertambahan RM Baki Pada 31.12.2020 RM 3,252,585 3,252,585 14,300 14,300 3,266,885 3,266,885 Baki Pada 01.01.2020 RM Pelunasan Tahun Semasa RM Baki Pada 31.12.2020 RM 3,245,331 3,245,331 5,244 5,244 3,250,575 3,250,575 Baki Pada 01.01.2019 RM Pertambahan RM Baki Pada 31.12.2019 RM 3,252,585 3,252,585 - - 3,252,585 3,252,585 Baki Pada 01.01.2019 RM Pelunasan Tahun Semasa RM Baki Pada 31.12.2019 RM 3,238,824 3,238,824 6,507 6,507 3,245,331 3,245,331 Baki Pada 31.12.2020 RM Baki Pada 31.12.2019 RM 16,310 7,254 80 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 09 PENYATA KEWANGAN LEMBAGA PELABUHAN BINTULU (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981) NOTA-NOTA KEPADA PENYATA KEWANGAN BAGI TAHUN KEWANGAN BERAKHIR 31 DISEMBER 2020 14.
Urus Niaga Pertukaran Belum Bayar Pendahuluan pendapatan diterima daripada: Lesen tahunan Sewa bangunan Sewa pajakan tambahan Elektrik bangunan Jabatan Kesihatan 2020 RM 2019 RM 50,000 39,742 38,200,692 - - 38,290,434 50,000 115,754 37,695,964 40,758 100 37,902,576 Sewa pajakan tambahan diterima terdahulu ini adalah merupakan invois suku tahun pertama tahun berikutnya yang dikeluarkan di dalam bulan Disember tahun semasa kerana sewa pajakan perlu dibayar sebelum atau pada 1 Januari setiap tahun.
Jumlah ini akan dikreditkan ke penyata prestasi kewangan mengikut tempoh sewaan.

15.
Pelbagai Akaun Belum Bayar dan Perbelanjaan Terakru Semasa Akaun kawalan gaji Deposit sewa diterima Deposit tender dan sebut harga diterima Yuran perkhidmatan cukai, audit dan lain-lain Premium tanah lot baharu Pendahuluan luar negeri Zakat Bukan semasa Premium tanah lot baharu 2020 RM 2019 RM 137,500 386,954 - 491,590 7,004,160 - 96,307 8,116,511 12,433,022 12,433,022 20,549,533 - 318,909 100,000 1,901,644 7,004,160 694 - 9,325,407 18,420,207 18,420,207 27,745,614 Premium tanah lot baharu terdiri daripada baki bayaran premium tanah kepada Kerajaan Negeri Sarawak untuk Lot 1244, 1245, 2637 dan 2638.
LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 81 09 PENYATA KEWANGAN LEMBAGA PELABUHAN BINTULU (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981) NOTA-NOTA KEPADA PENYATA KEWANGAN BAGI TAHUN KEWANGAN BERAKHIR 31 DISEMBER 2020 16.
Peruntukan Manfaat Kakitangan Baki pada 1 Januari Tambahan Terlebih tahun sebelum Baki pada 31 Disember Dianalisa seperti berikut: Semasa Bukan semasa Andaian-andaian penting berikut telah digunakan ketika membuat peruntukan manfaat kakitangan: Kadar diskaun Kadar kenaikan gaji 17.
Geran Tertunda Baki pada 1 Januari Pelunasan ke penyata prestasi kewangan (Nota 21) Baki pada 31 Disember Dianalisa seperti berikut: Semasa Bukan semasa 2020 RM 2019 RM 159,679 1,429,300 - 1,429,300 1,588,979 138,654 1,450,324 1,588,978 723,296 - (563,617) (563,617) 159,679 - 159,679 159,679 2020 % 2019 % 4 Mengikut gred jawatan 4 Mengikut gred jawatan 2020 RM 2019 RM 225,696,920 (11,638,634) 214,058,286 237,335,554 (11,638,634) 225,696,920 11,638,634 202,419,652 214,058,286 11,638,634 214,058,286 225,696,920 Geran ini adalah merupakan sebahagian besar daripada kos awal pembinaan Pelabuhan Bintulu yang dibiayai oleh Kerajaan Persekutuan.
18.
Liabiliti Cukai Tertunda Peningkatan elaun modal ke atas susut nilai Baki pada 1 Januari Pindahan ke penyata pretasi kewangan (Nota 28) Baki pada 31 Disember 2020 RM 2019 RM 101,973,342 2,656,647 104,629,989 98,356,618 3,616,724 101,973,342 82 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 09 PENYATA KEWANGAN LEMBAGA PELABUHAN BINTULU (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981) NOTA-NOTA KEPADA PENYATA KEWANGAN BAGI TAHUN KEWANGAN BERAKHIR 31 DISEMBER 2020 19.
Urus Niaga Pertukaran Lesen dan permit Pendapatan sewa Faedah dan dividen 20.

Urus Niaga Bukan Pertukaran Geran kerajaan dilunaskan 21.

Lain-lain Hasil Keuntungan daripada jualan hartanah, loji dan peralatan Keuntungan daripada jualan pelaburan Terlebih peruntukan manfaat kakitangan Lain-lain 22.

Emolumen Gaji dan upah Elaun tetap Sumbangan berkanun untuk kakitangan Elaun lebih masa Faedah-faedah kewangan yang lain 23.
Perkhidmatan dan Bekalan Perbelanjaan perjalanan dan sara hidup Pengangkutan barang-barang Perhubungan dan utiliti Sewaan Bekalan bahan mentah dan bahan untuk penyelenggaraan pembaikan Bekalan dan bahan-bahan lain Pemberian dwi fungsi Labuan Penyelenggaraan dan pembaikan kecil yang dibeli Perkhidmatan ikhtisas dan lain yang dibeli dan hospitaliti Dasar baharu dan one-off -30- 2020 RM 50,000 149,299,690 25,608,955 174,958,645 2019 RM 50,000 135,519,274 39,728,828 175,298,102 2020 RM 2019 RM 11,638,634 11,638,634 2020 RM 51,200 1,230,226 - 263,834 1,545,260 2020 RM 4,076,218 1,262,242 696,282 32,035 506,869 6,573,646 2020 RM 928,365 3,562 880,251 236,857 36,468 438,500 729,950 2,340,834 14,851,992 271,265 20,718,044 2019 RM 14,049 149,094 563,617 134,449 861,209 2019 RM 3,917,242 1,224,971 669,645 27,323 425,426 6,264,607 2019 RM 2,514,637 7,341 1,099,180 202,309 36,559 562,110 739,443 2,241,405 18,670,793 2,296,191 28,369,968 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 83 09 PENYATA KEWANGAN LEMBAGA PELABUHAN BINTULU (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981) NOTA-NOTA KEPADA PENYATA KEWANGAN BAGI TAHUN KEWANGAN BERAKHIR 31 DISEMBER 2020 23.
Perkhidmatan dan Bekalan (Sambungan) Termasuk di dalam perkhidmatan ikhtisas dan lain yang dibeli dan hospitaliti adalah: Belanja perubatan Perunding pemantauan dan audit dalam alam sekitar Perunding pengurusan projek dan pematuhan alam sekitar Bayaran insentif 24.

Pemberian dan Kenaan Bayaran Tetap Derma Pemberian kepada 40 rejimen Pemberian kepada kelab sukan dan rekreasi LPB Ganjaran cuti rehat 25.
Perbelanjaan Lain-lain 2020 RM 2019 RM 2,606,089 724,931 1,112,801 2,669,930 2,505,885 5,272,980 1,953,110 2,647,644 2020 RM 2019 RM 202,276 - 293,139 - 495,415 1,730,785 5,000 580,078 - 2,315,863 2020 RM 2019 RM Cukai tanah Cukai pintu Cukai jalan Duti setem Denda / saman Zakat perniagaan Kerugian daripada penjualan / hapus kira aset Kerugian daripada penjualan pelaburan Premium insuran dan komisen bank Reversi bagi faedah bantuan kewangan Yuran persatuan 2,981,572 202,801 - 160 1,350 1,500,000 5,475 - 333,559 510,898 14,211 5,550,026 2,981,572 231,121 598 - - 1,500,000 17,013 663,236 319,065 - 18,359 5,730,963 26.
Kos Kewangan Belanja faedah ke atas premium tanah baharu 27.

Lebihan Sebelum Cukai 2020 RM 2019 RM 1,016,975 1,247,251 Lebihan sebelum cukai diperolehi selepas mencajkan yuran juruaudit berjumlah RM32,803,153 (2019: RM104,413,766).
-31- 84 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 09 PENYATA KEWANGAN LEMBAGA PELABUHAN BINTULU (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981) NOTA-NOTA KEPADA PENYATA KEWANGAN BAGI TAHUN KEWANGAN BERAKHIR 31 DISEMBER 2020 28.
Cukai Perbelanjaan cukai pendapatan semasa Perbelanjaan cukai tertunda yang berkaitan dengan permulaan dan pembalikan perbezaan sementara (Nota 18) Terkurang peruntukan cukai pendapatan tahun sebelumnya Penyata penyesuaian perbelanjaan cukai dengan keuntungan perakaunan: Lebihan sebelum cukai Cukai pada kadar cukai pendapatan semasa sebanyak 24% Pendapatan tidak dikenakan cukai Perbelanjaan yang tidak dibenarkan untuk tujuan cukai Terkurang peruntukan cukai pendapatan tahun sebelumnya 2020 RM 2019 RM 26,990,004 20,247,211 2,656,647 29,646,651 2,034,377 31,681,028 3,616,724 23,863,935 666,706 24,530,641 32,898,259 104,413,766 7,895,582 (3,440,180) 25,191,249 2,034,377 31,681,028 25,059,304 (4,961,066) 3,765,698 666,706 24,530,641 29.
Sumber Manusia Bagi tahun kewangan berakhir 2020, LPB mempunyai pegawai dan kakitangan seramai 86 orang (2019: 86).

Kategori jumlah pegawai dan kakitangan adalah seperti berikut: Kumpulan Pengurusan Tertinggi Kumpulan Pengurusan dan Profesional Kumpulan Pelaksana 30.
Ganjaran Kakitangan Penting Pengurusan 2020 Jumlah 2019 Jumlah 1 28 57 1 28 57 Kakitangan penting pengurusan adalah mereka yang mempunyai kuasa dan tanggungjawab untuk perancangan, arahan dan kawalan ke atas aktiviti-aktiviti LPB samada secara langsung atau tidak langsung.

Kakitangan penting pengurusan LPB adalah terdiri dari Pengerusi dan ahli- ahli Lembaga Pengarah yang dilantik oleh YB Menteri Pengangkutan.
Ganjaran yang diterima oleh kakitangan penting pengurusan adalah seperti berikut: Ganjaran Jumlah Pengerusi dan Ahli-ahli Lembaga Pengarah 31.

Instrumen Kewangan 31.1 Objektif dan polisi risiko pengurusan kewangan 2020 RM 2019 RM 603,748 520,330 14 orang 12 orang Dasar pengurusan risiko kewangan LPB bertujuan untuk memastikan bahawa terdapatnya sumber kewangan yang mencukupi untuk pembangunan perniagaan, menguruskan risiko kredit, risiko pasaran dan risiko kecairan.
LPB beroperasi di bawah garis panduan yang telah ditetapkan dengan jelas yang diluluskan oleh Lembaga dan dasar LPB adalah untuk tidak melibatkan LPB dalam urus niaga spekulatif.

LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 85 09 PENYATA KEWANGAN LEMBAGA PELABUHAN BINTULU (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981) NOTA-NOTA KEPADA PENYATA KEWANGAN BAGI TAHUN KEWANGAN BERAKHIR 31 DISEMBER 2020 31.
Instrumen Kewangan (sambungan) 31.2 Risiko kredit Risiko kredit atau risiko pihak ketiga gagal membayar, dikawal dengan penerapan tatacara kelulusan kredit, had dan pengawasan yang ketat.

Risiko kredit diminimumkan dan diawasi secara ketat dengan menghadkan kerjasama LPB dengan rakan perniagaan yang mempunyai kepercayaan kredit yang tinggi.

Penghutang diawasi secara berterusan melalui tatacara pelaporan pengurusan LPB.
LPB tidak mempunyai pendedahan yang besar terhadap mana-mana pelanggan individu atau pihak ketiga mahupun sebarang penumpuan besar bagi risiko kredit yang berkaitan dengan sebarang instrumen kewangan selain yang dinyatakan secara berasingan di dalam nota yang berkaitan.

31.3 Risiko pasaran Risiko pasaran adalah risiko perubahan harga pasaran seperti kadar faedah, yang mempengaruhi pendapatan LPB atau nilai pegangan instrumen kewangannya.
Objektif pengurusan risiko pasaran adalah untuk mengurus dan mengawal pendedahan risiko pasaran dalam parameter yang boleh diterima, sambil mengoptimumkan pulangan atas risiko.
Kadar faedah purata wajaran dan profil matang instrumen-instrumen kewangan LPB pada 31 Disember 2020 adalah seperti berikut: Aset kewangan Bantuan kewangan Simpanan tetap Pelaburan lain Baki di bank Kadar Faedah Purata Wajaran % 5.00% 3.95% 2.81% 1.00% 2020 RM 2019 RM - 574,500,000 509,042,154 320,081 1,083,862,235 6,510,898 494,050,000 480,552,505 45,975 981,159,378 Analisa kepekaan kadar faedah Sekiranya kadar faedah purata wajaran pada 31 Disember 2020 adalah 100 mata asas lebih tinggi atau lebih rendah, pendapatan faedah dan perbelanjaan faedah akan terjejas seperti berikut: Pada 31 Disember 2020 Pelaburan lain Simpanan tetap Baki di bank Pada 31 Disember 2019 Bantuan kewangan Pelaburan lain Simpanan tetap Baki di bank Peningkatan/ (Pengurangan) Mata Asas % +100/-100 +100/-100 +100/-100 +100/-100 +100/-100 +100/-100 +100/-100 Peningkatan/(Pengurangan) Lebihan Dalam Tahun RM RM 19,394,506 28,437,750 6,402 47,838,658 (9,213,663) (16,947,750) - (26,161,413) 390,654 18,309,050 24,455,475 919 43,156,098 (260,436) (8,698,000) (14,574,475) - (23,532,911) -33- 86 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 09 PENYATA KEWANGAN LEMBAGA PELABUHAN BINTULU (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981) NOTA-NOTA KEPADA PENYATA KEWANGAN BAGI TAHUN KEWANGAN BERAKHIR 31 DISEMBER 2020 31.4 Risiko kecairan Risiko kecairan adalah risiko bahawa LPB akan menghadapi kesukaran dalam memenuhi kewajipan kewangan oleh kerana kekurangan dana.
Pendedahan LPB kepada risiko kecairan wujud daripada perbezaan dalam kematangan aset kewangan dan liabiliti kewangan.

Jadual di bawah menunjukkan profil kematangan liabiliti LPB pada tarikh laporan berdasarkan obligasi pembayaran semula tanpa diskaun kontrak.
Pada 31 Disember 2020 Urus niaga pertukaran belum bayar Pelbagai akaun belum bayar dan perbelanjaan terakru Pada 31 Disember 2019 Urus niaga pertukaran belum bayar Pelbagai akaun belum bayar dan perbelanjaan terakru Dalam tempoh setahun RM Lebih tempoh setahun RM Jumlah RM 38,290,434 8,116,511 46,406,945 - 12,433,022 12,433,022 38,290,434 20,549,533 58,839,967 37,902,576 9,325,407 47,227,983 - 18,420,207 18,420,207 37,902,576 27,745,614 65,648,190 LPB mengurus risiko kecairan dan aliran tunai dengan memastikan tunai yang mencukupi dan menyediakan dana yang cukup bagi memenuhi komitmen daripada perbelanjaan operasi dan liabiliti kewangan.
31.5 Pengurusan risiko modal Objektif utama pengurusan modal LPB adalah untuk memastikan terdapat tunai yang mencukupi bagi menyokong keperluan pembiayaan LPB termasuk perbelanjaan modal serta memastikan bahawa LPB kekal kukuh dari segi kewangan.

LPB sentiasa memantau aliran tunainya bagi memastikan setiap komitmen LPB dapat dipenuhi apabila sampai masanya.
31.6 Nilai saksama Nilai saksama aset dan liabiliti kewangan adalah amaun di mana instrumen itu boleh ditukar dalam urus niaga semasa antara pihak yang berminat, selain daripada dalam penjualan paksa atau pembubaran.

Nilai saksama aset kewangan dan liabiliti kewangan tempoh yang singkat kecuali pelaburan LPB di mana nilai saksamanya menyamai nilai saksamanya kerana ia mempunyai menggunakan Peringkat 1 iaitu berdasarkan kepada harga pasaran yang aktif.

32.
32.

Nota Penyata Perbandingan Bajet dan Sebenar Bajet Tahun 2020 LPB telah diluluskan dan dibentangkan atas asas tunai bagi tempoh kewangan dari 1 Januari 2020 sehingga 31 Disember 2020.

Bajet asal dibentangkan dalam Mesyuarat Jawatankuasa Kewangan dan Perancangan Bil.3/2019 untuk diperakukan dan dibentangkan dalam Mesyuarat Lembaga Pengarah LPB Bil.2/2019 untuk kelulusan pada 6 November 2019.
Cadangan bajet ini telah diangkat untuk kelulusan YB Menteri Pengangkutan Malaysia melalui surat rujukan LPB/400-2/1/1(15) bertarikh 18 November 2019 dan telah diluluskan melalui surat rujukan MOT.400-4/1/24 Jilid 4 (2) bertarikh 24 Januari 2020 selaras dengan Seksyen 19(1) Akta 243, Akta Lembaga Pelabuhan Bintulu 1981.
Cadangan Bajet Tambahan Kali Pertama Tahun 2020 LPB telah diluluskan oleh YB Menteri Pengangkutan Malaysia melalui surat rujukan MOT.400-4/1/24 Jld.4(3) bertarikh 12 Mei 2020 dan Cadangan Bajet Tambahan Kedua dan Pindah Peruntukan Kali Pertama Tahun 2020 telah diluluskan melalui surat rujukan MOT.400-4/1/24 Jld.4(7) bertarikh 11 Ogos 2020 selaras dengan Seksyen 20(1) Akta LPB 1981.
LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 87 09 PENYATA KEWANGAN
88 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 09 FINANCIAL STATEMENTS BINTULU PORT AUTHORITY (Established Under Bintulu Port Authority, 1981) CONTENT STATEMENT OF FINANCIAL POSITION STATEMENT OF FINANCIAL PERFORMANCE STATEMENT OF CHANGES IN NET ASSETS STATEMENT OF CASH FLOW STATEMENT OF COMPARISON BETWEEN BUDGET AND ACTUAL AMOUNTS NOTES TO THE FINANCIAL STAEMENTS PAGES 90 91 92 93 94-95 96-121 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 89 09 FINANCIAL STATEMENTS Bintulu Port Authority (Established Under Bintulu Port Authority Act, 1981) Statement Of Financial Position ON 31 DECEMBER 2020 NOTE 2020 RM 2019 RM ASSETS CURRENT ASSETS Taxes to be refunded Financial Assistance Receivables From Exchange Transactions Various receivable accounts and deposits Other investments Fixed Savings cash and bank balance Total of current assets NON-CURRENT ASSETS Real-estates, plants and equipment Investment Property Work in Progress Intangible Asset
 Financial Assistance Receivables From Exchange Transactions Other investments Total non-current assets Total Assets LIABILITY CURRENT LIABILITY Unpaid Taxes Receivables From Exchange Transactions Various accounts payable and accrued expenses Staff benefits allocation Deferred Grants Total Current Liability Non-Current Liability Various accounts payable and accrued expenses Staff benefits allocation Deferred Grants Deferred Tax Liability Total Non- Current Liability Total Liability Net Asset Net Asset 4 5
Liability Total Liability Net Asset Net Asset - - 32,314,695 55,574 3,900,000 574,500,000 320,081 611,090,350 145,594,629 1,125,121,332 556,850 16,310 - 4,044,132 505,142,154 1,780,475,407 2,391,565,757 16,285,965 1,000,000 34,244,042 3,581,113 5,880,000 494,050,000 46,525 555,087,645 1,525,772 1,308,182,246 48,705,902 7,254 5,510,898 3,979,474 474,672,505 1,842,584,051 2,397,671,696 6,661,321 38,290,434 8,116,511 138,654 11,638,634 64,845,554 - 37,902,576 9,325,407 - 11,638,634 58,866,617 12,433,022 1,450,324 202,419,652 104,629,989 320,932,987 385,778,541 2,005,787,216 18,420,207 159,679 214,058,286 101,973,342 334,611,514 393,478,131 2,004,193,565 Management Fund Financial Assets Reserves Available For Sale TOTAL NET ASSETS 2,006,435,290 (648,074) 2,005,787,216 2,005,218,059 (1,024,494) 2,004,193,565 The notes in page 10 to 35 are parts of this financial statement.
-4- 90 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 09 FINANCIAL STATEMENTS BINTULU PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) STATEMENT OF FINANCIAL PERFORMANCE FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 Notes 2020 RM 2019 RM REVENUE Exchange Transactions Non-Exchange transactions Other Revenue Total Revenue EXPENDITURE Emolument Staff benefits allocation Services and Supplies Expenses to Labuan Port Authority Contribution and Fixed Charges Investment properties write off Work in progress write off Depreciation of property, plant and equipment Depreciation of Investment Property Intangible asset amortisation Other expenses Financial Cost Total Expenditure Surplus Before Tax Tax Net surplus for the year Distributed to: Officer in charge of entity 19 20 21 22 16 23 4 24 12 10 11 13 25 26 27 28 174,958,644 11,638,634 1,545,260 188,142,538 175,298,102 11,638,634 861,209 187,797,945 6,573,646 1,429,300 20,718,044 7,326,000 495,415 - 72,713,141 4,549,241 34,867,247 5,244 5,550,026 1,016,975 155,244,279 6,264,607 - 28,369,968 - 2,315,863 27,467 - 424,008 38,997,545 6,507 5,730,963 1,247,251 83,384,179 32,898,259 (31,681,028) 1,217,231 104,413,766 (24,530,641) 79,883,125 1,217,231 79,883,125 Amended 4,549,241 34,867,247 39,416,488 Original 407,391 39,009,097 39,416,488 - The notes in page 10 to 35 are parts of this financial statement.
-5- LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 91 09 FINANCIAL STATEMENTS 09 FINANCIAL STATEMENTS BINTULU PORT AUTHORITY BINTULU PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) (Established Under Bintulu Port Authority Act, 1981) STATEMENT OF CHANGES IN NET ASSETS STATEMENT OF CHANGES IN NET ASSETS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 Management Fund Management Fund Available For Asset Reserves Sale Financial Note Note RM RM set Available For Sales Asset Reserve RM RM Total Total Not Asset Net Asset RM RM Balance as at 31 December 2018 Balance as at 31 December 2018 Net surplus for the year Net surplus for the year Balance as at 31 December 2019 Balance as at 31 December 2019 - As previously mentioned - As previously mentioned Effects of MPSAS adoption Effects of MPSAS adoption Balance as at 31 December 2019 Balance as at 31 December 2019 - As mentioned again - As mentioned again Profit from remeasurement of assets Profit from remeasurement of assets available for sale available for sale Net surplus for the year Net surplus for the year Balance as of 31 December 2020 Balance as of 31 December 2020 1,925,334,934 1,925,334,934 79,883,125 79,883,125 2,005,218,059 2,005,218,059 (2,625,549) (2,625,549) - - (2,625,549) (2,625,549) 1,922,709,385 1,922,709,385 79,883,125 79,883,125 2,002,592,510 2,002,592,510 3.20 3.20 - - 2,005,218,059 2,005,218,059 1,601,055 1,601,055 (1,024,494) (1,024,494)
 1,601,055 1,601,055 2,004,193,565 2,004,193,565 - - 376,420 376,420 376,420 376,420 1,217,231 1,217,231 2,006,435,290 2,006,435,290 - - (648,074) (648,074) 1,217,231 1,217,231 2,005,787,216 2,005,787,216 Nota-nota di muka surat 10 hingga 35 merupakan sebahagian daripada penyata kewangan ini.
-6- -6- 92 92 LAPORAN TAHUNAN 2020 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 09 FINANCIAL STATEMENTS BINTULU PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) STATEMENT OF CASH FLOW FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 CASH FLOW FROM OPERATIONAL ACTIVITIES Surplus before tax Non-cash adjustment Amortisation from grant Expenses to Labuan Port Authority Reversion for financial assistance Asset depreciation and amortisation expenditure Interest and dividend received Interest Expenses Zakat Expenses Loss from Assets Sale Loss from Investment Sale Profit from investment sales Profit from Real-estates, plants and equipment sales Investment Management Fees Work in progress write off Property, plant and equipment write off Operational Surplus before working capital changes Changes in working capital Changes in receivable account Changes in payable account Changes in staff benefits Net Cash from operational activities Tax paid Taxes refunded Zakat Payment Net Cash from operational activities CASH FLOW FROM INVESTMENT ACTIVITIES Increment of Other Investments Interest and dividend received Acquisition from the sale of real-estates, plants and equipment Acquisition from the sale of other investments Acquisition from other investments Repayment of investments The purchase of real estate, plant and equipment Increment in work in progress expenses Intangible asset Increment Net Cash
 used for/generated from investment activities Net Increment of Cash/Cash Equivalent Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year Cash and cash equivalents comprise Cash and bank balance Fixed Savings Other investments Note 2020 RM 2019 RM 32,898,259 104,413,766 (11,638,634) 6,000,000 510,898 39,421,733 (25,608,955) 1,016,975 1,500,000 - - (1,230,226) (51,200) 29,715 72,713,141 5,475 115,567,181 1,426,436 (6,808,223) 1,429,300 111,614,694 (25,160,661) 19,083,567 (1,500,000) 104,037,600 (51,425,864) 29,572,746 51,200 21,000,000 516,171 - (429,908) (24,564,089) (14,300) (25,294,044) 78,743,556 499,976,525 578,720,081 (11,638,634) - - 39,428,060 (39,728,828) 1,247,252 1,500,000 17,013 663,236 (149,094) (14,049) 34,176 - 27,467 95,800,366 (194,492) (2,288,116) (563,617) 92,754,141 (19,000,000) - (1,500,000) 72,254,141 (17,200,000) 29,277,602 21,082 163 - (141,764) (40,274) (35,359) - 11,881,450 84,135,591 415,840,934 499,976,525 9 8 7 320,081 574,500,000 3,900,000 578,720,081 46,525 494,050,000 5,880,000 499,976,525 - - The notes in page 10 to 35 are parts of this financial statement.
-7- LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 93 09 FINANCIAL STATEMENTS BINTULU PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) STATEMENT OF COMPARISON BETWEEN BUDGET AND ACTUAL AMOUNTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 INCOME Licence and Permit Rentals Interest and dividend Other Revenue Total Income Payments Emolument Services and Supplies Contributions and fixed payment charges.
Other expenses Assets Total Budget Initial RM Final RM Total Actual RM * Variance Budget RM * Variance Budget % 50,000 148,376,499 44,541,020 456,000 50,000 148,376,499 44,541,020 456,000 50,000 149,299,690 25,608,955 1,545,260 - 923,191 (18,932,065) 1,089,260 - 0.62 (42.50) 238.87 193,423,519 193,423,519 176,503,905 (16,919,614) 6,763,278 29,047,380 6,763,278 30,772,380 6,573,646 20,718,044 (189,632) (10,054,336) (2.80) (32.67) 1,205,000 1,205,000 495,415 (709,585) (58.89) 26,000,333 26,000,333 25,939,120 7,084,160 7,084,160 7,046,220 (61,213) (37,940) (0.24) (0.54) 70,100,151 71,825,151 60,772,445 (11,052,706) (15.39) New Policy/ One-Off 14,129,770 15,575,770 1,988,903 (13,586,867) (87.23) Total Operational Payment 84,229,921 87,400,921 62,761,348 (24,639,573) (28.19) Development Policy 3,538,387 35,573,387 24,564,089 (11,009,298) (30.95) Total Overall Payment 87,768,308 122,974,308 87,325,437 (35,648,871) Net Income 105,655,211 70,449,211 89,178,468 18,729,257 In reference to the variance between the Real Amount and the Final Budget Amount EXPLANATION FOR VARIANCE EXCEEDING 20% 1 Interest and dividend The significant difference between the budget amount and the actual amount is due to the interest rates offered by banks and financial institutions in 2020, Bank Negara Malaysia (BNM) has lowered the overnight policy rate (OPR) to 1.75% on 7 July 2020 aimed at providing additional policy stimuli to accelerate the rate of economic recovery of the country due to the spread of the Covid-19 pandemic and the
 enforcement of the Movement Control Order to curb the pandemic.
94 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 09 FINANCIAL STATEMENTS BINTULU PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) STATEMENT OF COMPARISON BETWEEN BUDGET AND ACTUAL AMOUNTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 EXPLANATION FOR SIGNIFICANT VARIANCE (CONTINUED)) 2 Existing Policiy The significant difference between the budget amount and the actual amount paid for service and supply expenditure, grants and fixed charges is due to some programmes or activities planned in the 2020 budget could not be implemented due to Covid-19 outbreak and enforcement of Movement Control Order.
3 New Policy/ One-Off There is a significant difference between the budget amount and the actual amount paid due to some programs or activities planned in the 2020 budget could not be implemented due to the Covid-19 pandemic and the enforcement of the Movement Control Order as well as programs or activities that were not paid for in 2020 because the programme or activity is still in the implementation process.
4 Development Policy There is a significant difference between the budget amount and the actual amount paid due to some development projects not being implemented and the appointments of tenderer at the end of 2020 resulting in no payment being made in 2020.

The delay in project implementation and the appointment of tenderer due to the Covid-19 pandemic and time constraint as a result of the enforcement of the Movement Control Order.
LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 95 09 FINANCIAL STATEMENTS BINTULU PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 1.

General Information 1.1 Establishment The Bintulu Port Authority (BPA) was established on 15 August 1981 under Act 243, Bintulu Port Authority Act 1981.

It is a Federal Statutory Body under the Ministry of Transport Malaysia.
From 1 January 1993, the operation of Bintulu Port services was privatised under the Ports (Privatisation) Act 1990 in line with the National Privatisation Policy.
1.2 Main Activities BPA has been given the responsibility to perform regulatory functions in overseeing all port activities including the use of port facilities and operations by licensed port operators, acting as owner to real estate assets, trade facilitator, port planner and development and responsible for ensuring and monitoring the safety of port operations.
1.3 Functional Currency and Presentation of Financial Statements The financial statement is presented in Ringgit Malaysia ("RM") which is BPA's functional and presentation currency.

2.

Date of Financial Statement Approval The Financial Statements for the financial year ended 31 December 2020 were presented and approved by the BPA Board Meeting on 23 April 2021. .

3.
3.

Accounting Policies 3.1 Basis to the Preparation of Financial Statement 3.1.1 BPA 's financial statements have been prepared under the historical cost convention and are stated separately and comply with the Malaysian Public Sector Accounting Standards (MPSAS) and the Bintulu Port Authority Act, 1981.

3.1.2 These financial statements have been prepared entirely in accordance with MPSAS as this financial year is the last transitional period.
Therefore, all previously selected exemptions have been fully recognised and measured in the current year's financial statements as disclosed in Note 3.20 to the financial statements.

3.1.3 The preparation of the financial statements requires judgements, estimates and assumptions that will affect the application of the policies and amounts for reported assets, liabilities, revenue and expenses.

The estimates and assumptions used will be reviewed on an ongoing basis.
Revisions to estimates and accounting assumptions are recognised in the period in which the estimates were reviewed, if the revisions affect only that period or future periods, and periods if the revisions affect current and future periods.

All judgements, estimates and assumptions that will have a significant effect on the amounts recognised in the financial statements are disclosed in Note 3.19 on the financial statement.
(-10) (Established Under Bintulu Port Authority Act, 1981) NOTES TO THE FINANCIAL STATEMENTS 96 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU BINTULU PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 1.

General Information 1.1 Establishment National Privatisation Policy.
1.2 Main Activities The Bintulu Port Authority (BPA) was established on 15 August 1981 under Act 243, Bintulu Port Authority Act 1981.

It is a Federal Statutory Body under the Ministry of Transport Malaysia.
From 1 January 1993, the operation of Bintulu Port services was privatised under the Ports (Privatisation) Act 1990 in line with the BPA has been given the responsibility to perform regulatory functions in overseeing all port activities including the use of port facilities and operations by licensed port operators, acting as owner to real estate assets, trade facilitator, port planner and development and responsible for ensuring and monitoring the safety of port operations.
1.3 Functional Currency and Presentation of Financial Statements The financial statement is presented in Ringgit Malaysia ("RM") which is BPA's functional and presentation currency.

The Financial Statements for the financial year ended 31 December 2020 were presented and approved by the BPA Board Meeting on 23 April 2.

Date of Financial Statement Approval 2021. .

3.


Accounting Policies 3.1 Basis to the Preparation of Financial Statement 3.1.1 BPA 's financial statements have been prepared under the historical cost convention and are stated separately and comply with the Malaysian Public Sector Accounting Standards (MPSAS) and the Bintulu Port Authority Act, 1981.

3.1.2 These financial statements have been prepared entirely in accordance with MPSAS as this financial year is the last transitional period.
Therefore, all previously selected exemptions have been fully recognised and measured in the current year's financial statements as disclosed in Note 3.20 to the financial statements.

3.1.3 The preparation of the financial statements requires judgements, estimates and assumptions that will affect the application of the policies and amounts for reported assets, liabilities, revenue and expenses.

The estimates and assumptions used will be reviewed on an ongoing basis.
Revisions to estimates and accounting assumptions are recognised in the period in which the estimates were reviewed, if the revisions affect only that period or future periods, and periods if the revisions affect current and future periods.

All judgements, estimates and assumptions that will have a significant effect on the amounts recognised in the financial statements are disclosed in Note 3.19 on the financial statement.
09 FINANCIAL STATEMENTS (-10) (Established Under Bintulu Port Authority Act, 1981) NOTES TO THE FINANCIAL STATEMENTS 3.

Accounting Policies (Continued) 3.1 Basis to the Preparation of Financial Statement (Continued) 3.1.4 There are no new or amended accounting standards that have been in effect during the current financial year that have had a material impact on BPA's financial statements.
There are no new or amended accounting standards that have been published that will effects the Authority financial statement in the future.

3.2 Property, Plant and Equipment Properties, plants and equipment considered are those valued RM2000 and more.

Property, plant and equipment are stated at cost less accumulated depreciation and impairment losses (if any).
Cost includes all direct costs incurred in bringing the asset to a location and condition that will enable it to operate in the manner required by management.

Replacement costs for any assets that require periodic replacement are capitalised while the carrying amount of the replaced portion is derecognised.

Daily service costs will be recognised as expenses in the statement of financial performance.
If an asset is acquired through a non -exchange transaction, cost should be measured at its fair value at the acquisition date.

These assets are subsequently credited to the statement of financial performance, unless there are conditions for the use of the asset, in which case they need to be recognised in current liabilities.

The carrying value of its use or disposal.

The carrying amount of the asset where the difference is accounted for as a gain or loss in the statement of financial performance.
derecognised upon disposal or when no future economic benefits or service potential are expected from loss on derecognition of an investment property is determined by comparing the net disposal value with the are 3.3 Depreciation of property, plant and equipment Depreciation is calculated on a straight-line basis at the following annual rates based on the estimated useful lifespan of the assets.
Properties, plants and equipment Buildings and port structures Office Equipment and others Furniture and equipment Motorised Vehicles Leasehold land Yearly Rate 2% 10% 10% 20% According to lease duration If there are signs of significant changes in factors affecting the residual value, life expectancy or useful pattern of an asset since the date of the last annual report, the residual value, depreciation method and useful life of the depreciable asset will be reviewed and adjusted prospectively.
-11- BINTULU PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 3.

Accounting Policies (Continued) 3.4 Investment Property Investment properties are properties held to generate rentals or capital appreciation or both.

It does not include property held for strategic purposes or to provide social services even if the property generates rent.
LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 97 3.

Accounting Policies (Continued) 3.1 Basis to the Preparation of Financial Statement (Continued) 3.1.4 There are no new or amended accounting standards that have been in effect during the current financial year that have had a material impact on BPA's financial statements.

There are no new or amended accounting standards that have been published that will effects the Authority financial statement in the future.
3.2 Property, Plant and Equipment Properties, plants and equipment considered are those valued RM2000 and more.

Property, plant and equipment are stated at cost less accumulated depreciation and impairment losses (if any).

Cost includes all direct costs incurred in bringing the asset to a location and condition that will enable it to operate in the manner required by management.
Replacement costs for any assets that require periodic replacement are capitalised while the carrying amount of the replaced portion is derecognised.

Daily service costs will be recognised as expenses in the statement of financial performance.

If an asset is acquired through a non -exchange transaction, cost should be measured at its fair value at the acquisition date.
These assets are subsequently credited to the statement of financial performance, unless there are conditions for the use of the asset, in which case they need to be recognised in current liabilities.

The carrying value of are derecognised upon disposal or when no future economic benefits or service potential are expected from its use or disposal.
The loss on derecognition of an investment property is determined by comparing the net disposal value with the carrying amount of the asset where the difference is accounted for as a gain or loss in the statement of financial performance.

3.3 Depreciation of property, plant and equipment Depreciation is calculated on a straight-line basis at the following annual rates based on the estimated useful lifespan of the assets.
Properties, plants and equipment Buildings and port structures Office Equipment and others Furniture and equipment Motorised Vehicles Leasehold land Yearly Rate 2% 10% 10% 20% According to lease duration If there are signs of significant changes in factors affecting the residual value, life expectancy or useful pattern of an asset since the date of the last annual report, the residual value, depreciation method and useful life of the depreciable asset will be reviewed and adjusted prospectively.
09 FINANCIAL STATEMENTS -11- BINTULU PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 3.

Accounting Policies (Continued) 3.4 Investment Property Investment properties are properties held to generate rentals or capital appreciation or both.

It does not include property held for strategic purposes or to provide social services even if the property generates rent.
Initial recognition of investment properties acquired through exchange transactions is recognised at cost while revenue through non - exchange transactions is measured at fair value at the date of acquisition.

Subsequent to initial recognition, investment properties are stated as cost less accumulated depreciation and accumulated impairment losses (if any).

Depreciation of investment properties is calculated on a straight -line basis over the estimated useful lifespan of the assets.
Depreciation charges are recognised in the statement of financial performance.

Investment Property Leasehold land Buildings and port structures Yearly Rate According to lease duration 2% The carrying value of an investment property item is derecognised upon disposal or when no future economic benefits or service potential are expected from its use or disposal.
The gain or loss on derecognition of an investment property is determined by comparing the net disposal value with the carrying amount of the asset where the difference is accounted for as a gain or loss in the statement of financial performance.

Transfers will be made when there is a change in its use.

3.5 Work in Progress Work in progress refers to work that has not been completed by the end of the financial year.
These costs will then be transferred according to the appropriate category, i.e, after obtaining a Certificate of Practical Completion or has been completed or is ready for use.

No depreciation is charged on work in progress.

3.6 Depreciation of Non-Financial Assets 3.6.1 Cash Generating Assets At each statement of financial position date, BPA reviews the carrying amounts of its assets to determine whether there is any indication of impairment.
If any such indication exists, impairment is calculated by comparing the asset's carrying amount with its recoverable amount.

Recoverable amount is the higher of fair value less costs to sell and value in use.

In determining value in use, future cash flows are discounted to their present value using a pre -tax discount rate that reflects the current market value of the time value of money and the risks specific to the asset.
In determining fair value less costs to sell, recent market transactions are taken into account, if any.

If no recent market transactions have taken place, an appropriate valuation model should be used.

An impairment loss is recognised as an expense in the statement of financial performance immediately when the carrying amount of the asset exceeds its recoverable amount.
An impairment loss recognised in a prior period for an asset is reversed if, and only if, there has been a change in the estimates used to determine the recoverable amount.

The reversal is recognised in the statement of financial performance.

-12- BINTULU PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 3.
Accounting Policies (Continued) 3.6 Depreciation of Non-Financial Assets (Continued) 98 LAPORAN TAHUNAN 2020 Non- cash Generating Assets ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 3.6.2 BPA will assess at each reporting date whether there is any indication that non -cash generating assets may be impaired.

If any indication exists, then BPA will make an estimate of the total recoverable service of the asset.
The asset's recoverable service amount is the higher of fair value less costs to sell and value in use.

Initial recognition of investment properties acquired through exchange transactions is recognised at cost while revenue through non - exchange transactions is measured at fair value at the date of acquisition.

Subsequent to initial recognition, investment properties are stated as cost less accumulated depreciation and accumulated impairment losses (if any).
Depreciation of investment properties is calculated on a straight -line basis over the estimated useful lifespan of the assets.

Depreciation charges are recognised in the statement of financial performance.

Investment Property Leasehold land Buildings and port structures Yearly Rate According to lease duration 2% The carrying value of an investment property item is derecognised upon disposal or when no future economic benefits or service potential are expected from its use or disposal.
The gain or loss on derecognition of an investment property is determined by comparing the net disposal value with the carrying amount of the asset where the difference is accounted for as a gain or loss in the statement of financial performance.

3.5 Work in Progress Transfers will be made when there is a change in its use.

3.6 Depreciation of Non-Financial Assets 3.6.1 Cash Generating Assets Work in progress refers to work that has not been completed by the end of the financial year.
These costs will then be transferred according to the appropriate category, i.e, after obtaining a Certificate of Practical Completion or has been completed or is ready for use.

No depreciation is charged on work in progress.

At each statement of financial position date, BPA reviews the carrying amounts of its assets to determine whether there is any indication of impairment.

If any such indication exists, impairment is calculated by comparing the asset's carrying amount with its recoverable amount.
Recoverable amount is the higher of fair value less costs to sell and value in use.

In determining value in use, future cash flows are discounted to their present value using a pre -tax discount rate that reflects the current market value of the time value of money and the risks specific to the asset.

In determining fair value less costs to sell, recent market transactions are taken into account, if any.

If no recent market transactions have taken place, an appropriate valuation model should be used.
An impairment loss is recognised as an expense in the statement of financial performance immediately when the carrying amount of the asset exceeds its recoverable amount.

An impairment loss recognised in a prior period for an asset is reversed if, and only if, there has been a change in the estimates used to determine the recoverable amount.

The reversal is recognised in the statement of financial performance.
09 FINANCIAL STATEMENTS -12- BINTULU PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 3.

Accounting Policies (Continued) 3.6 Depreciation of Non-Financial Assets (Continued) 3.6.2 Non- cash Generating Assets BPA will assess at each reporting date whether there is any indication that non -cash generating assets may be impaired.
If any indication exists, then BPA will make an estimate of the total recoverable service of the asset.

The asset's recoverable service amount is the higher of fair value less costs to sell and value in use.

An impairment loss is recognised as an expense in the statement of financial performance immediately when the carrying amount of the asset exceeds its recoverable amount.

In determining value in use, BPA has adopted the depreciated replacement cost approach.
Under this approach, the present value of the remaining potential service assets of the asset is determined as the replacement cost of the depreciated asset.

Depreciated replacement cost is measured by taking into account the asset's replacement cost less accumulated depreciation calculated on that cost to reflect the service potential of the asset that has been used or has expired.
In determining the fair value less costs to sell, the price of the asset in the binding agreement is If there is no binding agreement, but the asset is actively traded on the market, then the fair value less costs to sell is determined by reference to current market value less costs to dispose of.

If there is no binding sale agreement or active market for the asset, BPA determines the fair value less costs to sell based on the best available information.


For each asset, an assessment is made at each reporting date to determine whether there is any indication that a previously recognised impairment loss may no longer exist or has decreased.

If such an indication exists, BPA estimates the asset’s recoverable service amount.
A previously recognised impairment loss is reversed only if there has been a change in the assumptions used to determine the asset's recoverable service amount since the last recognised impairment loss was recognised.
Reversals are limited to the extent that the carrying amount of the asset does not exceed the recoverable amount of service or does not exceed the carrying amount that would have been possible after accumulated depreciation as no impairment loss was recognised for the asset in the previous year.

The reversal is recognised in the statement of financial performance.

3.7 Tax Taxes on surplus or deficit consist of current tax and deferred tax.
Current tax represents income tax that is expected to be charged on the basis of the current financial year's taxable surplus or deficit and is calculated at the tax rates in effect at the statement of financial position date and any adjustments to tax payable for prior years.

Deferred tax is provided using the liability method on temporary differences between the tax base and the carrying amount of assets and liabilities in the financial position.
In principle, a deferred tax liability is recognised for all taxable temporary differences.

Deferred tax assets are recognised for all tax-deductible temporary differences, unused tax losses and unused tax credits.

Deferred tax assets are recognised as long as it is probable that future taxable surpluses will be deductible with deductible temporary differences, unused tax losses and unused tax credits.
Deferred tax assets and liabilities are measured at the tax rates that are expected to be applied in the year the asset is realised if the liability is settled, based on tax rates and tax legislation that were enacted or substantially enacted at the reporting date.

Deferred tax assets and liabilities can be offset if there is a legal right to offset between the current income tax assets and liabilities and it is with the same tax authority.
-13- BINTULU PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 3.

Accounting Policies (Continued) 3.8 Goods and Services Tax (GST) LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 99 The implementation of the Goods and Services Tax came into effect on 1 April 2015.
The implications of the goods and services tax on BPA are as follows: Revenue receipts from licenses are exempt from GST and no output tax is paid.

Revenue receipts such as rental of land, facilities, office space and others are subject to GST at a standard rate of 6% or zero rate (0%).

3.8.1 Output Tax 3.8.2 An impairment loss is recognised as an expense in the statement of financial performance immediately when the carrying amount of the asset exceeds its recoverable amount.
In determining value in use, BPA has adopted the depreciated replacement cost approach.

Under this approach, the present value of the remaining potential service assets of the asset is determined as the replacement cost of the depreciated asset.

Depreciated replacement cost is measured by taking into account the asset's replacement cost less accumulated depreciation calculated on that cost to reflect the service potential of the asset that has been used or has expired.
In determining the fair value less costs to sell, the price of the asset in the binding agreement is If there is no binding agreement, but the asset is actively traded on the market, then the fair value less costs to sell is determined by reference to current market value less costs to dispose of.

If there is no binding sale agreement or active market for the asset, BPA determines the fair value less costs to sell based on the best available information.


For each asset, an assessment is made at each reporting date to determine whether there is any indication that a previously recognised impairment loss may no longer exist or has decreased.

If such an indication exists, BPA estimates the asset’s recoverable service amount.
A previously recognised impairment loss is reversed only if there has been a change in the assumptions used to determine the asset's recoverable service amount since the last recognised impairment loss was recognised.
Reversals are limited to the extent that the carrying amount of the asset does not exceed the recoverable amount of service or does not exceed the carrying amount that would have been possible after accumulated depreciation as no impairment loss was recognised for the asset in the previous year.

The reversal is recognised in the statement of financial performance.

3.7 Tax Taxes on surplus or deficit consist of current tax and deferred tax.
Current tax represents income tax that is expected to be charged on the basis of the current financial year's taxable surplus or deficit and is calculated at the tax rates in effect at the statement of financial position date and any adjustments to tax payable for prior years.

Deferred tax is provided using the liability method on temporary differences between the tax base and the carrying amount of assets and liabilities in the financial position.
In principle, a deferred tax liability is recognised for all taxable temporary differences.

Deferred tax assets are recognised for all tax-deductible temporary differences, unused tax losses and unused tax credits.

Deferred tax assets are recognised as long as it is probable that future taxable surpluses will be deductible with deductible temporary differences, unused tax losses and unused tax credits.
Deferred tax assets and liabilities are measured at the tax rates that are expected to be applied in the year the asset is realised if the liability is settled, based on tax rates and tax legislation that were enacted or substantially enacted at the reporting date.

09 FINANCIAL STATEMENTS Deferred tax assets and liabilities can be offset if there is a legal right to offset between the current income tax assets and liabilities and it is with the same tax authority.
-13- BINTULU PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 3.

Accounting Policies (Continued) 3.8 Goods and Services Tax (GST) The implementation of the Goods and Services Tax came into effect on 1 April 2015.

The implications of the goods and services tax on BPA are as follows: 3.8.1 Output Tax Revenue receipts from licenses are exempt from GST and no output tax is paid.
Revenue receipts such as rental of land, facilities, office space and others are subject to GST at a standard rate of 6% or zero rate (0%).

3.8.2 Input Tax BPA bears the GST charged by the supplier for the procurement of services.

BPA can claim GST (input tax) for the procurement of supplies / services at a standard rate of 6% if the procurement is related to the supply at a standard rate of 6% (output tax).

From 1 June 2018, the GST rate has been reduced to 0%.
This GST was subsequently repealed on 1 September 2018 and replaced with Sales and Services Tax.

3.9 Financial Assets 3.9.1 3.9.2 3.9.3 3.9.4 Financial assets are recognised in the statement of financial position when BPA becomes a party to the contractual provisions of the instrument.
On initial recognition, financial assets are measured at fair value, including transaction costs for financial assets not measured at fair value through surplus or deficit, which are directly attributable to recognizing the financial asset.
Subsequent to initial recognition, financial assets are classified into one of four categories of financial assets, namely financial assets measured at fair value through surplus or deficit, loans and receivables, held -to -maturity investments and available -for -sale financial assets.
Purchases or sales of financial assets that require delivery of the assets within the time period specified by regulations or conventions in the market will be recognised on the date the transaction is made, which is the date on which BPA makes a commitment to buy or sell the asset.

3.9.5 BPA financial liabilities are categorised as : (i) Loans and Payables Loans and receivables are non -derivative financial assets with fixed or determinable payments that are not quoted in an active market.
Subsequent to initial measurement, the financial assets are subsequently measured at amortised cost using the effective interest method and less impairment.

Amortised cost is calculated taking into account any discounts or premiums on the purchase of the asset as well as fees or costs that form part of the effective interest rate.

Losses arising from impairment are recognised in the statement of financial performance.
(ii) Held To Maturity Investments Non -derivative financial assets with fixed or determinable and fixed payment maturities are classified as held -to -maturity investments when BPA has the positive intent and ability to hold to maturity.

Subsequent to initial measurement, held -to -maturity investments are measured at amortised cost using the effective interest method and less impairment.
Amortisation cost is calculated by taking into account any discounts or premiums on acquisition and fees or costs that form part of the effective interest rate.

Losses arising from impairment are recognised in the statement of financial performance.

-14- 100 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU BINTULU PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 3.
Accounting Policies (Continued) 3.9 Financial Assets (Continued) (iii) Financial Assets available For Sale BPA classifies available -for -sale financial assets as non -derivative financial assets where they are classified as available -for -sale financial assets or they are not classified as loans and receivables, held -to maturity investments or financial assets at fair value through surplus or deficit.
After initial measurement, available -for -sale financial assets are subsequently measured at fair value with the gain or loss being recognised directly in the statement of net assets until the financial asset is derecognised.

BPA bears the GST charged by the supplier for the procurement of services.
BPA can claim GST (input tax) for the procurement of supplies / services at a standard rate of 6% if the procurement is related to the supply at a standard rate From 1 June 2018, the GST rate has been reduced to 0%.

This GST was subsequently repealed on 1 September 2018 and replaced of 6% (output tax).

with Sales and Services Tax.

3.9 Financial Assets 3.9.1 Financial assets are recognised in the statement of financial position when BPA becomes a party to the contractual provisions of the instrument.
3.9.2 On initial recognition, financial assets are measured at fair value, including transaction costs for financial assets not measured at fair value through surplus or deficit, which are directly attributable to recognizing the financial asset.
3.9.3 Subsequent to initial recognition, financial assets are classified into one of four categories of financial assets, namely financial assets measured at fair value through surplus or deficit, loans and receivables, held -to -maturity investments and available -for -sale financial assets.
3.9.4 Purchases or sales of financial assets that require delivery of the assets within the time period specified by regulations or conventions in the market will be recognised on the date the transaction is made, which is the date on which BPA makes a commitment to buy or sell the asset.

3.9.5 BPA financial liabilities are categorised as : (i) Loans and Payables Loans and receivables are non -derivative financial assets with fixed or determinable payments that are not quoted in an active market.
Subsequent to initial measurement, the financial assets are subsequently measured at amortised cost using the effective interest method and less impairment.

Amortised cost is calculated taking into account any discounts or premiums on the purchase of the asset as well as fees or costs that form part of the effective interest rate.

Losses arising from impairment are recognised in the statement of financial performance.
(ii) Held To Maturity Investments Non -derivative financial assets with fixed or determinable and fixed payment maturities are classified as held -to -maturity investments when BPA has the positive intent and ability to hold to maturity.

Subsequent to initial measurement, held -to -maturity investments are measured at amortised cost using the effective interest method and less impairment.
Amortisation cost is calculated by taking into account any discounts or premiums on acquisition and fees or costs that form part of the effective interest rate.

Losses arising from impairment are recognised in the statement of financial performance.

09 FINANCIAL STATEMENTS -14- BINTULU PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 3.
Accounting Policies (Continued) 3.9 Financial Assets (Continued) (iii) Financial Assets available For Sale BPA classifies available -for -sale financial assets as non -derivative financial assets where they are classified as available -for -sale financial assets or they are not classified as loans and receivables, held -to maturity investments or financial assets at fair value through surplus or deficit.
After initial measurement, available -for -sale financial assets are subsequently measured at fair value with the gain or loss being recognised directly in the statement of net assets until the financial asset is derecognised.

3.9.6 Depreciation of Financial Assets At the end of each reporting period, BPA assesses whether there is any objective evidence that a financial asset is required to be impaired.
Objective evidence include (i) (ii) (iii) (iv) significant financial difficulties faced by borrowers; deferred payment the likelihood that the borrower will go bankrupt; or data indicating that there is a decline in future cash flow estimates.
For financial asset categorised measured at amortised cost, if no objective evidence exists of a significant individual, then all assets in BPA with similar risk characteristics regardless of whether they are material or not, will be collectively assessed to determine whether it needs to be considered as impairment.
An impairment loss, in respect of a financial asset measured at amortised cost, is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the original effective interest rate.

The carrying value of the asset will be reduced through the use of an allowance account.

Any impairment loss is recognised in the statement of financial performance immediately.
If, in a subsequent period, any amount of the impairment loss decreases, the previously recognised impairment loss will be reversed directly to the allowance account.

This reversal is recognised in the statement of financial performance immediately.

For available-for-sale financial assets, BPA ,at each reporting date, will review whether there is objective evidence that the investment or group of investments is affected.
Objective evidence includes a significant or prolonged decline in the fair value of the investment below its cost.

‘Significant’ is measured based on the original cost of the investment and 'prolonged' will be valued based on the period in which the fair value is below its original cost.
If there is evidence of impairment, the accumulated loss is measured as the difference between purchase cost and current fair value, less any impairment loss on an investment previously recognised in the statement of financial performance and deducted from the statement of net assets and recognised in the statement of financial performance.

.
3.9.7 Derecognition of Financial Assets BPA will derecognise a financial asset or, if applicable, part of a financial asset or part of a group of financial assets when: a) The right to receive cash flows from assets has expired or is excluded; b) BPA has to receive cash transferred its right flows from assets or has accepted obligations to pay the cash flows received in full without material delay to third parties and either: (i) BPA has transferred the assets’ substantial risks and rewards of the assets; or retain (ii) BPA does not assets’ substantial transfer or the risks and rewards but has transferred the control of the asset.
Any difference between the carrying amount of the derecognised financial asset and the consideration received is recognised in the statement of financial performance in the period of derecognition.

For available -for -sale financial assets, all gains or losses previously recognised in the statement of net assets are recognised in the Statement of Financial Performance.
-15- (Established Under Bintulu Port Authority Act, 1981) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 3.
Accounting Policies (Continued) LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 3.10 Recognition of Income and Expenses 101 3.10.1 Revenue from non-exchange transactions Non -exchange transactions are recognised as an asset when there are future economic benefits or service potential expected to flow into the entity, as a result of past events and the fair value of the asset can be reasonably measured.
Non exchange transactions recognised as assets are recognised as revenue, except to the extent that liabilities are also recognised in respect of the same inflows as deferred in the statement of financial position.

When an obligation on a liability has been met, the entity shall reduce the carrying amount of the recognised liability and recognise an amount of revenue equal to the reduction.
Revenue from non-exchange transactions are as follows: 3.9.6 Depreciation of Financial Assets At the end of each reporting period, BPA assesses whether there is any objective evidence that a financial asset is required to be impaired.

Objective evidence include (i) (ii) (iii) (iv) significant financial difficulties faced by borrowers; deferred payment the likelihood that the borrower will go bankrupt; or data indicating that there is a decline in future cash flow estimates.
For financial asset categorised measured at amortised cost, if no objective evidence exists of a significant individual, then all assets in BPA with similar risk characteristics regardless of whether they are material or not, will be collectively assessed to determine whether it needs to be considered as impairment.
An impairment loss, in respect of a financial asset measured at amortised cost, is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the original effective interest rate.

The carrying value of the asset will be reduced through the use of an allowance account.

Any impairment loss is recognised in the statement of financial performance immediately.
If, in a subsequent period, any amount of the impairment loss decreases, the previously recognised impairment loss will be reversed directly to the allowance account.

This reversal is recognised in the statement of financial performance immediately.

For available-for-sale financial assets, BPA ,at each reporting date, will review whether there is objective evidence that the investment or group of investments is affected.
Objective evidence includes a significant or prolonged decline in the fair value of the investment below its cost.

‘Significant’ is measured based on the original cost of the investment and 'prolonged' will be valued based on the period in which the fair value is below its original cost.
If there is evidence of impairment, the accumulated loss is measured as the difference between purchase cost and current fair value, less any impairment loss on an investment previously recognised in the statement of financial performance and deducted from the statement of net assets and recognised in the statement of financial performance.

.
3.9.7 Derecognition of Financial Assets BPA will derecognise a financial asset or, if applicable, part of a financial asset or part of a group of financial assets when: a) The right to receive cash flows from assets has expired or is excluded; b) BPA has transferred its right to receive cash flows from assets or has accepted obligations to pay the cash flows received in full without material delay to third parties and either: (i) BPA has transferred the assets’ substantial risks and rewards of the assets; or (ii) BPA does not transfer or retain the assets’ substantial risks and rewards but has transferred the control of the asset.
Any difference between the carrying amount of the derecognised financial asset and the consideration received is recognised in the statement of financial performance in the period of derecognition.

For available -for -sale financial assets, all gains or losses previously recognised in the statement of net assets are recognised in the Statement of Financial Performance.
09 FINANCIAL STATEMENTS -15- (Established Under Bintulu Port Authority Act, 1981) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 3.
Accounting Policies (Continued) 3.10 Recognition of Income and Expenses 3.10.1 Revenue from non-exchange transactions Non -exchange transactions are recognised as an asset when there are future economic benefits or service potential expected to flow into the entity, as a result of past events and the fair value of the asset can be reasonably measured.
Non exchange transactions recognised as assets are recognised as revenue, except to the extent that liabilities are also recognised in respect of the same inflows as deferred in the statement of financial position.

When an obligation on a liability has been met, the entity shall reduce the carrying amount of the recognised liability and recognise an amount of revenue equal to the reduction.
Revenue from non-exchange transactions are as follows: (i) Government Government grants that are not subject to certain future performance conditions will be accounted as a revenue in the statement of financial performance.

Government grants that are subject to certain future performance conditions are recognised as deferred grants and amortised as revenue equal to the carrying amount of eligible liabilities.
3.10.2 Revenue from Exchange Transactions Revenue from an exchange transaction is recognised when it is probable that future economic benefits or service potential will flow to the entity and these benefits can be measured reliably.

The results of the Exchange Transactions are as follows: (i) Rental and lease collection Rental and lease revenues are charged on BPA's assets in accordance with the terms of the lease agreement.
Rental and lease income is recognised on an accrual basis after the right to receive payment has been established.

(ii) Licence and Permit Licenses and permits relating to the granting of approvals or permits to individuals, corporations, businesses and other enterprises for regulatory and control purposes are recognised when they are issued.

This includes a port license.


(iii) Interest and dividend Profits from investments are recognised on a time proportion basis that takes into account the effective rate of return on the asset.

The effective rate of return on an asset is the rate of profit required to discount the expected future cash receipts flows over the lifespan of the asset to equate to the asset’s carrying amount.

Dividend income is recognised when the right to receive payment has been established.
3.10.3 Expenses are recognised in the period in which they are incurred or charged.

3.11 Cash and Cash Equivalents The cash flow statement was prepared using the indirect method.

Cash and cash equivalents consist of cash on hand and at banks as well as highly liquid investments with licensed banks and financial institutions with maturities of twelve months or less that are readily convertible to known amounts of cash and are subject to an insignificant risk of changes in value.
-16- BINTULU PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 102 LAPORAN TAHUNAN 2020 3.

Accounting Policies (Continued) ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 3.12 Employees Benefits 3.12.1 Short-term employee benefits BPA as a local authority is subject to the staffing rules set by the Public Service Department (JPA).
Staff benefits outlined by the JPA include basic salary, fixed allowances, variable allowances, various leave including annual leave up to 35 days, medical facilities at appointed private clinic and hospital panels, housing loan facilities, vehicles and computers.

Short -term employee benefits including salaries, wages, bonuses and social security contributions are recognised as an expense in the year in which the associated services are rendered by the employee.
Accumulation of short -term compensation for absenteeism such as paid annual leave will be taken into account when services are rendered by employees where their right to future absenteeism compensation will increase and short -term compensation not accrued on absenteeism such as sick leave will be accounted for when absenteeism occurs.

(i) Government Government grants that are not subject to certain future performance conditions will be accounted as a revenue in the statement of financial performance.
Government grants that are subject to certain future performance conditions are recognised as deferred grants and amortised as revenue equal to the carrying amount of eligible liabilities.

3.10.2 Revenue from Exchange Transactions Revenue from an exchange transaction is recognised when it is probable that future economic benefits or service potential will flow to the entity and these benefits can be measured reliably.
The results of the Exchange Transactions are as follows: (i) Rental and lease collection Rental and lease revenues are charged on BPA's assets in accordance with the terms of the lease agreement.

Rental and lease income is recognised on an accrual basis after the right to receive payment has been established.

(ii) Licence and Permit This includes a port license.
(iii) Interest and dividend Licenses and permits relating to the granting of approvals or permits to individuals, corporations, businesses and other enterprises for regulatory and control purposes are recognised when they are issued.

Profits from investments are recognised on a time proportion basis that takes into account the effective rate of return on the asset.
The effective rate of return on an asset is the rate of profit required to discount the expected future cash receipts flows over the lifespan of the asset to equate to the asset’s carrying amount.

Dividend income is recognised when the right to receive payment has been established.

3.10.3 Expenses are recognised in the period in which they are incurred or charged.

3.11 Cash and Cash Equivalents The cash flow statement was prepared using the indirect method.
Cash and cash equivalents consist of cash on hand and at banks as well as highly liquid investments with licensed banks and financial institutions with maturities of twelve months or less that are readily convertible to known amounts of cash and are subject to an insignificant risk of changes in value.

09 FINANCIAL STATEMENTS -16- BINTULU PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 3.
Accounting Policies (Continued) 3.12 Employees Benefits 3.12.1 Short-term employee benefits BPA as a local authority is subject to the staffing rules set by the Public Service Department (JPA).

Staff benefits outlined by the JPA include basic salary, fixed allowances, variable allowances, various leave including annual leave up to 35 days, medical facilities at appointed private clinic and hospital panels, housing loan facilities, vehicles and computers.
Short -term employee benefits including salaries, wages, bonuses and social security contributions are recognised as an expense in the year in which the associated services are rendered by the employee.
Accumulation of short -term compensation for absenteeism such as paid annual leave will be taken into account when services are rendered by employees where their right to future absenteeism compensation will increase and short -term compensation not accrued on absenteeism such as sick leave will be accounted for when absenteeism occurs.

3.12.2 Post-service benefits (i) Employee Provident Fund (EPF) BPA contributes to EPF at a statutory rate.
The contributions are recognised in the statement of financial performance in the financial period in which they occur.

(ii) Retirement Fund (KWAP) BPA contributes to the Retirement Fund (Incorporated) for employees who are granted pensionable status at a statutory rate.

The contributions are recognised in the statement of financial performance in the financial period in which they occur.
(iii) Leave Rewards Permanent employees of BPA, regardless of under the pension scheme or EPF, will receive a leave reward (GCR) when they reach retirement age.

This reward is based on the Service Circular issued by the PSD and used by BPA.

GCR will be taken into account when services have been rendered by all employees for which it has increased their entitlement to future absence compensation up to a maximum of 150 days.
LPB's obligation in relation to this GCR is to estimate the amount of future benefits that employees will receive in return for their services in the current and prior periods; the benefit is discounted to determine its present value.

Any unrecognised past service costs and the present value of the plan asset, if any should be deducted.

The discount rate comes from Government bonds at the reporting date.

Calculations are performed annually using the Credit Unit Projection Method.
All changes in the provisions of the GCR are fully recognised in the statement of financial performance in the period in which they occur.

For contract staff, GCR is for the current year only and payment will be made based on the amount accumulated.

GCR is not accumulated until retirement.

-17- BINTULU PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 3.
Accounting Policies (Continued) 3.13 Budget Information LAPORAN TAHUNAN 2020 The annual budget is prepared on a cash basis.

As the financial statements are prepared on an accrual basis, a Statement of ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU Comparison of Budget and Actual is prepared separately.

This statement has been prepared using the basis of annual budget preparation.
103 BPA 's annual budget has been prepared based on Sections 19 and 20 of the Bintulu Port Authority Act 1981.

This annual budget was tabled in the BPA Finance and Planning Committee Meeting for approval and tabled in the BPA Board Meeting for approval and subsequently raised for the approval of the Honourable Minister of Transport Malaysia.

3.14 Offsetting Financial Instrument 3.15 Key Management Personnel activities directly or indirectly.
Financial assets and financial liabilities are only offset if, and only if, there is a legal right to offset them and there is an intent to settle them at net worth or to realize the asset and settle the liability simultaneously.
Key management personnel are defined as individuals who have the authority and responsibility to plan, direct and control BPA's BPA treats key management personnel as persons or entities with the ability to exercise control individually or collectively, or to exercise significant influence over BPA, or vice versa.

Key management personnel are considered related parties and consist of the Chairman and members of the Board of Directors of BPA.
3.12.2 Post-service benefits (i) Employee Provident Fund (EPF) BPA contributes to EPF at a statutory rate.

The contributions are recognised in the statement of financial performance in the financial period in which they occur.

(ii) Retirement Fund (KWAP) financial period in which they occur.

(iii) Leave Rewards BPA contributes to the Retirement Fund (Incorporated) for employees who are granted pensionable status at a statutory rate.
The contributions are recognised in the statement of financial performance in the Permanent employees of BPA, regardless of under the pension scheme or EPF, will receive a leave reward (GCR) when they reach retirement age.

This reward is based on the Service Circular issued by the PSD and used by BPA.

GCR will be taken into account when services have been rendered by all employees for which it has increased their entitlement to future absence compensation up to a maximum of 150 days.
LPB's obligation in relation to this GCR is to estimate the amount of future benefits that employees will receive in return for their services in the current and prior periods; the benefit is discounted to determine its present value.

Any unrecognised past service costs and the present value of the plan asset, if any should be deducted.

The discount rate comes from Government bonds at the reporting date.

Calculations are performed annually using the Credit Unit Projection Method.
All changes in the provisions of the GCR are fully recognised in the statement of financial performance in the period in which they occur.

For contract staff, GCR is for the current year only and payment will be made based on the amount accumulated.

GCR is not accumulated until retirement.

09 FINANCIAL STATEMENTS -17- BINTULU PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 3.
Accounting Policies (Continued) 3.13 Budget Information The annual budget is prepared on a cash basis.

As the financial statements are prepared on an accrual basis, a Statement of Comparison of Budget and Actual is prepared separately.

This statement has been prepared using the basis of annual budget preparation.

BPA 's annual budget has been prepared based on Sections 19 and 20 of the Bintulu Port Authority Act 1981.
This annual budget was tabled in the BPA Finance and Planning Committee Meeting for approval and tabled in the BPA Board Meeting for approval and subsequently raised for the approval of the Honourable Minister of Transport Malaysia.

3.14 Offsetting Financial Instrument Financial assets and financial liabilities are only offset if, and only if, there is a legal right to offset them and there is an intent to settle them at net worth or to realize the asset and settle the liability simultaneously.
3.15 Key Management Personnel Key management personnel are defined as individuals who have the authority and responsibility to plan, direct and control BPA's activities directly or indirectly.

BPA treats key management personnel as persons or entities with the ability to exercise control individually or collectively, or to exercise significant influence over BPA, or vice versa.

Key management personnel are considered related parties and consist of the Chairman and members of the Board of Directors of BPA.
3.16 Provisions Provisions are recognised when BPA has a current obligation (legal or constructive) as a result of past events, it is probable that an outflow of resources bearing economic benefits will need to be made to settle the obligation and the amount of the obligation can be estimated reliably.

When BPA expects some or all of the provisions to be repaid, expenses related to the provisions are disclosed in the statement of financial performance from any refunds.
3.17 Contingent Liabilities and Contingent Assets 3.17.1 Contingent liabilities are current obligations that are not recognised because there is no probability that an outflow of resources will be required to settle the obligation or in very rare cases where the liability cannot be recognised because it cannot be measured reliably.

Contingent liabilities are not recognised but are disclosed in the financial statements.
Obligations arising from past events, the existence of which can only be confirmed through the occurrence or non - occurrence of one or more uncertain future events, not under BPA’s overall control are also disclosed as contingent liabilities unless the probability of economic resource outflows is small.
3.17.2 Contingent assets are assets that are likely to arise from past events whose existence will only be confirmed upon the occurrence or non -occurrence of one or more uncertain events in the future that are not under BPA's full control.

BPA does not recognize contingent assets in the financial statements but discloses their existence where an inflow of economic benefits is probable, but uncertain.
104 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU -18- BINTULU PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 3.

Accounting Policies (Continued) 3.18 Financial Liabilities 3.18.1 Financial liabilities are recognised in the statement of financial position when BPA becomes a party to the contractual provisions of the instrument.
3.18.2 On initial recognition, financial assets are measured at fair value, including transaction costs for financial assets not measured at fair value through surplus or deficit, which are directly attributable to recognizing the financial asset.

3.18.3 Subsequent to initial recognition, financial liabilities are classified into one of two categories of financial liabilities, namely financial liabilities measured at fair value through surplus or deficit and loans and payables.
3.18.4 BPA financial liabilities are categorised as : (i) Loans and Payables Subsequent to initial recognition, loans and payables are measured at amortised cost using the effective interest method.

Gains or losses are recognised in the statement of financial performance when the financial liability is derecognised or impaired.

The effective interest method is a method for calculating the amortised cost of a financial liability and for allocating interest expense over the relevant period.
The effective interest rate is the rate at which the estimated future cash payments are discounted precisely over the life of the financial liability or, where appropriate, a shorter period, by the carrying value of the financial liability.
3.16 Provisions Provisions are recognised when BPA has a current obligation (legal or constructive) as a result of past events, it is probable that an outflow of resources bearing economic benefits will need to be made to settle the obligation and the amount of the obligation can be estimated reliably.

When BPA expects some or all of the provisions to be repaid, expenses related to the provisions are disclosed in the statement of financial performance from any refunds.
3.17 Contingent Liabilities and Contingent Assets 3.17.1 Contingent liabilities are current obligations that are not recognised because there is no probability that an outflow of resources will be required to settle the obligation or in very rare cases where the liability cannot be recognised because it cannot be measured reliably.

Contingent liabilities are not recognised but are disclosed in the financial statements.
Obligations arising from past events, the existence of which can only be confirmed through the occurrence or non - occurrence of one or more uncertain future events, not under BPA’s overall control are also disclosed as contingent liabilities unless the probability of economic resource outflows is small.
3.17.2 Contingent assets are assets that are likely to arise from past events whose existence will only be confirmed upon the occurrence or non -occurrence of one or more uncertain events in the future that are not under BPA's full control.

BPA does not recognize contingent assets in the financial statements but discloses their existence where an inflow of economic benefits is probable, but uncertain.
09 FINANCIAL STATEMENTS -18- BINTULU PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 3.

Accounting Policies (Continued) 3.18 Financial Liabilities 3.18.1 Financial liabilities are recognised in the statement of financial position when BPA becomes a party to the contractual provisions of the instrument.
3.18.2 On initial recognition, financial assets are measured at fair value, including transaction costs for financial assets not measured at fair value through surplus or deficit, which are directly attributable to recognizing the financial asset.

3.18.3 Subsequent to initial recognition, financial liabilities are classified into one of two categories of financial liabilities, namely financial liabilities measured at fair value through surplus or deficit and loans and payables.
3.18.4 BPA financial liabilities are categorised as : (i) Loans and Payables Subsequent to initial recognition, loans and payables are measured at amortised cost using the effective interest method.

Gains or losses are recognised in the statement of financial performance when the financial liability is derecognised or impaired.

The effective interest method is a method for calculating the amortised cost of a financial liability and for allocating interest expense over the relevant period.
The effective interest rate is the rate at which the estimated future cash payments are discounted precisely over the life of the financial liability or, where appropriate, a shorter period, by the carrying value of the financial liability.

3.18.5 A financial liability is derecognised when the obligations specified in the contract are discharged, cancelled or expire.
Any difference between the carrying amount of the derecognised financial liability and the consideration paid is recognised in the statement of financial performance in the period of derecognition.

3.19 Critical Accounting Considerations and Key Sources of Estimated Uncertainty (Continued) 3.19.1 Critical Accounting Judgements There are no critical accounting judgements other than those described below, which have a material effect on the basis of the amounts recognised in the financial statements.
BPA as a lease provider BPA has entered in several lease agreement where BPA are the lease provider.

BPA has determined, based on an assessment of the terms and conditions of the agreement that it retains all risks and rewards of asset ownership and accounts for the lease agreement as an operating lease.
3.19.2 Major sources of budget uncertainty The key estimates of the future, and other key sources of estimation uncertainty at the reporting date, which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities in the ensuing financial year are as follows: -19- LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU BINTULU PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 105 3.
Accounting Policies (Continued) 3.19 Critical Accounting Considerations and Key Sources of Estimated Uncertainty (Continued) 3.19.2 Major sources of budget uncertainty (Continued) (i) Allocation measurement BPA constantly uses the best estimate as the basis for measuring an allocation.

The estimate is made based on past experience, other indications or assumptions, recent developments and reasonable future events in determining a provision.
(ii) Impairment losses on receivables BPA assesses at each reporting date whether there is any objective evidence that a financial asset is impaired.

To determine whether there is objective evidence of impairment, BPA considers factors such as insolvency of the debtor and significant default or late payment.

If there is objective evidence of impairment, the amount and timing of future cash flows are estimated based on historical loss experience for assets with similar credit risk characteristics.
(iii) Determination of investment properties 3.18.5 A financial liability is derecognised when the obligations specified in the contract are discharged, cancelled or expire.

Any difference between the carrying amount of the derecognised financial liability and the consideration paid is recognised in the statement of financial performance in the period of derecognition.
3.19 Critical Accounting Considerations and Key Sources of Estimated Uncertainty (Continued) 3.19.1 Critical Accounting Judgements There are no critical accounting judgements other than those described below, which have a material effect on the basis of the amounts recognised in the financial statements.

BPA as a lease provider BPA has entered in several lease agreement where BPA are the lease provider.
BPA has determined, based on an assessment of the terms and conditions of the agreement that it retains all risks and rewards of asset ownership and accounts for the lease agreement as an operating lease.
3.19.2 Major sources of budget uncertainty The key estimates of the future, and other key sources of estimation uncertainty at the reporting date, which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities in the ensuing financial year are as follows: 09 FINANCIAL STATEMENTS -19- BINTULU PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 3.
Accounting Policies (Continued) 3.19 Critical Accounting Considerations and Key Sources of Estimated Uncertainty (Continued) 3.19.2 Major sources of budget uncertainty (Continued) (i) (ii) Allocation measurement BPA constantly uses the best estimate as the basis for measuring an allocation.

The estimate is made based on past experience, other indications or assumptions, recent developments and reasonable future events in determining a provision.
Impairment losses on receivables BPA assesses at each reporting date whether there is any objective evidence that a financial asset is impaired.

To determine whether there is objective evidence of impairment, BPA considers factors such as insolvency of the debtor and significant default or late payment.

If there is objective evidence of impairment, the amount and timing of future cash flows are estimated based on historical loss experience for assets with similar credit risk characteristics.
(iii) Determination of investment properties Part of BPA's properties are held for rental income or for the purpose of appreciation or for both while the other part is held for its own use.

If the part of a property held for the purpose of earning rental income or for appreciation can be sold separately or leased separately as a finance lease, then BPA will categorise the part as investment property.
If a part of the property cannot be sold or leased separately, then it will be classified as investment property if the other part of the property held for its own use is insignificant.

(iv) Changes in estimated useful lives of property, plant and equipment, investment properties and intangible assets All property, plant and equipment, investment properties and intangible assets are depreciated or amortised on a straight-line basis over the useful lives of the assets.
Changes in estimated patterns of asset utilisation and technological development can affect the useful life and residual value of those assets.

This will cause the depreciation or amortisation of assets in the future to be reviewed.
3.20 Effects of MPSAS Adoption This financial statement is the last transitional financial statement for BPA to comply with the overall MPSAS accounting framework where in the previous transitional financial statements, several provisions and exclusions were selected to see whether they have a material effect when preparing the transitional financial statements.

the.
the.

As these financial statements are the last transitional financial statements, the following provisions and exclusions have been taken into account in the preparation of the current year's financial statements.

-20- 106 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU BINTULU PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 3.
Accounting Policies (Continued) 3.20 Effects of MPSAS adoption(continued) Part of BPA's investments consisting of listed shares and cash management funds are financial assets that are categorised as available for -sale financial assets In the previous transition period, these investments were measured at the lowest of cost and fair value.

.

This means that if the fair value is lower than the cost of investment, then an allowance for impairment is made and charged to the statement of financial performance.
When the fair value exceeds the cost of an investment, a provision for impairment previously made is credited to the statement of financial performance to the extent of the cost of the investment.

During the current financial year, BPA has adjusted the carrying amount of its investments to fair value as it has an active market price.

Any changes in fair value will be recognised immediately in the statement of net assets until the financial asset is derecognised.
Measurement of new land premium debt balance to the Sarawak State Government As at 1 January 2020, the remaining total new land premium debt to be paid to the Sarawak State Government is RM28,016,640 with an annual payment of RM7,004,160 without interest payments.

The remaining debt will be fully settled in the 2023 financial year.

During the previous transition period, no finance costs were recorded in the statement of financial performance in connection with the payment of the debt.
Part of BPA's properties are held for rental income or for the purpose of appreciation or for both while the other part is held for its own use.

If the part of a property held for the purpose of earning rental income or for appreciation can be sold separately or leased separately as a finance lease, then BPA will categorise the part as investment property.
If a part of the property cannot be sold or leased separately, then it will be classified as investment property if the other part of the property held for its own use is insignificant.

(iv) Changes in estimated useful lives of property, plant and equipment, investment properties and intangible assets All property, plant and equipment, investment properties and intangible assets are depreciated or amortised on a straight-line basis over the useful lives of the assets.
Changes in estimated patterns of asset utilisation and technological development can affect the useful life and residual value of those assets.

This will cause the depreciation or amortisation of assets in the future to be reviewed.
3.20 Effects of MPSAS Adoption This financial statement is the last transitional financial statement for BPA to comply with the overall MPSAS accounting framework where in the previous transitional financial statements, several provisions and exclusions were selected to see whether they have a material effect when preparing the transitional financial statements.

the.
the.

As these financial statements are the last transitional financial statements, the following provisions and exclusions have been taken into account in the preparation of the current year's financial statements.

09 FINANCIAL STATEMENTS -20- BINTULU PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 3.
Accounting Policies (Continued) 3.20 Effects of MPSAS adoption(continued) Part of BPA's investments consisting of listed shares and cash management funds are financial assets that are categorised as available for -sale financial assets In the previous transition period, these investments were measured at the lowest of cost and fair value.

This means that if the fair value is lower than the cost of investment, then an allowance for impairment is made and charged to the statement of financial performance.
When the fair value exceeds the cost of an investment, a provision for impairment previously made is credited to the statement of financial performance to the extent of the cost of the investment.

.

During the current financial year, BPA has adjusted the carrying amount of its investments to fair value as it has an active market price.

Any changes in fair value will be recognised immediately in the statement of net assets until the financial asset is derecognised.
Measurement of new land premium debt balance to the Sarawak State Government As at 1 January 2020, the remaining total new land premium debt to be paid to the Sarawak State Government is RM28,016,640 with an annual payment of RM7,004,160 without interest payments.

The remaining debt will be fully settled in the 2023 financial year.

During the previous transition period, no finance costs were recorded in the statement of financial performance in connection with the payment of the debt.
3.21 Lease BPA as a lease provider Leases in which BPA does not transfer substantially all the risks and rewards of ownership of an asset are classified as operational leases.

Initial direct costs incurred in negotiating an operating lease are added to the carrying amount of the leased asset and recognised over the lease term.

BPA as a lease receiver Finance leases transfer, most of the risks and rewards associated with the ownership of the leased asset to BPA as the lessee.
Initial recognition for finance leases recognizes assets and liabilities at the lower of the fair value of the leased asset and the present value of the minimum lease payments.

Subsequent to initial recognition, lease payments are apportioned between finance charges and a reduction of the lease liability to achieve a constant interest rate on the remaining liability.

Finance charges are recognised as finance costs in the statement of financial performance.
Assets held under finance leases are depreciated over the useful lives of the assets.

However, if there is no reasonable certainty that BPA will acquire ownership of the asset at the end of the lease term, the asset is depreciated over its estimated useful lives and the lease term.

Operational leases, retain most of the risks and rewards of the lessor’s ownership.

It is recognised systematically over the term of the lease.
Lease improvements are capitalised and the cost is amortised over the remaining term of the lease or the estimated useful life of the improvement over a shorter period.

Lease incentives received are recognised at a flat rate over the term of the lease as a reduction of rental expense.

3.22 Intangible Asset 3.22.1 Intangible assets are recognised when it is probable that future economic benefits or service potential will flow to BPA and the cost or fair value of the asset can be measured reliably.
3.22.2 Intangible assets purchased separately are measured at cost initially while assets acquired through non -exchange transactions are measured at fair value at the acquisition date.

Thereafter, intangible assets are measured at cost less any accumulated amortization and any accumulated impairment losses, if any Costs associated with internally generated intangible assets are recognised as an expense.
-21- LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU BINTULU PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 107 3.

Accounting Policies (Continued) 3.22 Intangible Assets (Continued) 3.22.3 An intangible asset will be assessed on whether it has a life expectancy or not.
If the intangible asset does not have a life expectancy, then it does not need to be amortised but needs to be assessed as to whether it is necessary to make impairment if there is any indication.

3.22.4 Intangible assets consist of computer software amortised based on a life expectancy of 3 years.
3.22.5 At each reporting date, the amortization period and circumstances are reviewed if there are any signs of significant changes in factors affecting the residual value, life expectancy or usage pattern of the asset since the previous annual reporting date and will be adjusted prospectively, if necessary.
3.22.6 The gain or loss on derecognition of an intangible asset is determined by comparing the net disposal value with the carrying amount of the asset, the difference being recognised as a gain or loss in the statement of financial performance.

4.

Financial Assistance 2020 RM 2019 RM 3.21 Lease BPA as a lease provider recognised over the lease term.

BPA as a lease receiver the minimum lease payments.

performance.

lease term.

rental expense.


3.22 Intangible Asset Leases in which BPA does not transfer substantially all the risks and rewards of ownership of an asset are classified as operational leases.

Initial direct costs incurred in negotiating an operating lease are added to the carrying amount of the leased asset and Finance leases transfer, most of the risks and rewards associated with the ownership of the leased asset to BPA as the lessee.
Initial recognition for finance leases recognizes assets and liabilities at the lower of the fair value of the leased asset and the present value of Subsequent to initial recognition, lease payments are apportioned between finance charges and a reduction of the lease liability to achieve a constant interest rate on the remaining liability.

Finance charges are recognised as finance costs in the statement of financial Assets held under finance leases are depreciated over the useful lives of the assets.
However, if there is no reasonable certainty that BPA will acquire ownership of the asset at the end of the lease term, the asset is depreciated over its estimated useful lives and the Operational leases, retain most of the risks and rewards of the lessor’s ownership.

It is recognised systematically over the term of the lease.

Lease improvements are capitalised and the cost is amortised over the remaining term of the lease or the estimated useful life of the improvement over a shorter period.
Lease incentives received are recognised at a flat rate over the term of the lease as a reduction of 3.22.1 Intangible assets are recognised when it is probable that future economic benefits or service potential will flow to BPA and the cost or fair value of the asset can be measured reliably.

3.22.2 09 FINANCIAL STATEMENTS Intangible assets purchased separately are measured at cost initially while assets acquired through non -exchange transactions are measured at fair value at the acquisition date.
Thereafter, intangible assets are measured at cost less any accumulated amortization and any accumulated impairment losses, if any Costs associated with internally generated intangible assets are recognised as an expense.

-21- BINTULU PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 3.
Accounting Policies (Continued) 3.22 Intangible Assets (Continued) 3.22.3 An intangible asset will be assessed on whether it has a life expectancy or not.

If the intangible asset does not have a life expectancy, then it does not need to be amortised but needs to be assessed as to whether it is necessary to make impairment if there is any indication.

3.22.4 Intangible assets consist of computer software amortised based on a life expectancy of 3 years.
3.22.5 At each reporting date, the amortization period and circumstances are reviewed if there are any signs of significant changes in factors affecting the residual value, life expectancy or usage pattern of the asset since the previous annual reporting date and will be adjusted prospectively, if necessary.
3.22.6 The gain or loss on derecognition of an intangible asset is determined by comparing the net disposal value with the carrying amount of the asset, the difference being recognised as a gain or loss in the statement of financial performance.

4.
4.

Financial Assistance Financial assistance to Labuan Port Authority Analysed as follow: Current Non-current 2020 RM 2019 RM - 6,510,898 2020 RM 2019 RM - - - 1,000,000 5,510,898 6,510,898 Financial assistance to the Labuan Port Authority (LPA) stated in the Statement of Financial Position as a current asset was previously recognised as an expense to the LPA in 2020 and disclosed in the Statement of Financial Performance for the Year Ended 31 December 2020 (JANNS) on 7 April 2021.
JANNS through reference letter based on the results discussed with the State of Sarawak Audit Department AUDIT/W/427: 8/16/1 Vol.6 (3) dated 12 April 2021 has provided views on the Financial Statements of BPA and LPA regarding this financial assistance as follows:- (i) (ii) (iii) (iv) The view of the Legal Adviser of the Ministry of Transport (PUU MOT) states that the BPA (Extension of Functions) Order 2017 (BPA Extension Order) establishes LP as a legal entity but not as a separate and distinct legal entity ).
However, the BPA Financial Statements are consolidated with the Financial Statements of LPA as at 31 December 2021.

A The Financial Statements of BPA and LPL for the Year Ended 31 December 2020 remain separate.

A total of RM6 million given to LPL can be recognised as BPA expenditure in the financial year 2020.

BPA's financial contribution to the operating costs during the transition period.
LPA amounted to RM1.326 million which is a contribution requested by LPA from BPA to cover -22- 108 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU BINTULU PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 5.
Receivables From Exchange Transactions Current Receivable interest and dividend Assessment Tax Debtors Lease rental debtors BPA Building Rental debtors Space rental debtors Receivable building rentals Receivable water and electricity Income Surcharge Staff Loans Non-current Staff Loans 2020 RM 2019 RM 14,299,359 77,616 17,660,432 70,425 9,540 67 4,099 15,843 177,314 32,314,695 4,044,132 4,044,132 36,358,827 18,263,150 - 15,807,436 4,931 1,300 933 5,834 - 160,459 34,244,042 3,979,474 3,979,474 38,223,517 The credit period of BPA is usually between 30 to 90 days.
Other credit periods are assessed and approved on a case-by-case basis.

Interest and dividends receivable are the interest and dividends that will be received from the investments made by BPA.
Financial assistance to Labuan Port Authority - 6,510,898 Analysed as follow: Current Non-current 2020 RM 2019 RM - - - 1,000,000 5,510,898 6,510,898 Financial assistance to the Labuan Port Authority (LPA) stated in the Statement of Financial Position as a current asset was previously recognised as an expense to the LPA in 2020 and disclosed in the Statement of Financial Performance for the Year Ended 31 December 2020 based on the results discussed with the State of Sarawak Audit Department (JANNS) on 7 April 2021.
JANNS through reference letter AUDIT/W/427: 8/16/1 Vol.6 (3) dated 12 April 2021 has provided views on the Financial Statements of BPA and LPA regarding this financial assistance as follows:- (i) The view of the Legal Adviser of the Ministry of Transport (PUU MOT) states that the BPA (Extension of Functions) Order 2017 (BPA Extension Order) establishes LP as a legal entity but not as a separate and distinct legal entity ).
However, the BPA Financial A Statements are consolidated with the Financial Statements of LPA as at 31 December 2021.

(ii) (iii) The Financial Statements of BPA and LPL for the Year Ended 31 December 2020 remain separate.

A total of RM6 million given to LPL can be recognised as BPA expenditure in the financial year 2020.

(iv) BPA's financial contribution to the LPA amounted to RM1.326 million which is a contribution requested by LPA from BPA to cover operating costs during the transition period.
09 FINANCIAL STATEMENTS -22- BINTULU PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 5.
Receivables From Exchange Transactions Current Receivable interest and dividend Assessment Tax Debtors Lease rental debtors BPA Building Rental debtors Space rental debtors Receivable building rentals Receivable water and electricity Income Surcharge Staff Loans Non-current Staff Loans 2020 RM 2019 RM 14,299,359 77,616 17,660,432 70,425 9,540 67 4,099 15,843 177,314 32,314,695 4,044,132 4,044,132 36,358,827 18,263,150 - 15,807,436 4,931 1,300 933 5,834 - 160,459 34,244,042 3,979,474 3,979,474 38,223,517 The credit period of BPA is usually between 30 to 90 days.
Other credit periods are assessed and approved on a case-by-case basis.

Interest and dividends receivable are the interest and dividends that will be received from the investments made by BPA.

Included in lease receivables is the amount due from Bintulu Port Sdn.

Bhd.

amounting to RM14,841,672 (2019: RM13,287,283) representing approximately 84% (2019: 84%) of the total lease rental receivables.

The amount due is for the lease of land and facilities in non-demised areas.
Staff loans consist of housing, vehicle and computer loans.

The loan is unsecured and bears interest at 4% per annum and has a loan repayment period of between 1 - 30 years.

The aging analysis of exchange transactions receivable (current only) is as follows: Not exceeded payable period Exceeded 1-30 days payable period but not depreciated Exceeded 31-60 days payable period but not depreciated Exceeded 61-90 days payable period but not depreciated Exceeded 91 days payable period but not depreciated 6.
Various receivable accounts and deposits Goods and Services Tax to be refunded Fund Manager Debt Electrical security deposit Fuel Deposit Water security deposit Other Debtors 2020 RM 14,554,289 17,746,700 - 4,770 8,936 32,314,695 2019 RM 18,423,609 15,812,367 - 650 7,417 34,244,042 2020 RM 2019 RM - 44,695 1,150 5,000 4,560 169 55,574 2,839,517 688,287 1,150 5,000 4,560 42,599 3,581,113 Fund manager debt is an accrued debt for stock management and brokerage fees.
-23- Bintulu Port Authority (Established Under Bintulu Port Authority Act, 1981) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 7.
Other Investments Carried Value Fair value LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 2019 RM 2020 RM 2020 RM 2019 RM 109 Current Short Term Money Market Deposit Non-current Listed Stocks Cash Management Fund 3,900,000 3,900,000 5,880,000 5,880,000 3,900,000 3,900,000 5,880,000 5,880,000 6,326,007 498,816,147 505,142,154 509,042,154 4,575,726 470,096,779 474,672,505 480,552,505 6,326,007 498,816,147 505,142,154 509,042,154 4,575,726 470,096,779 474,672,505 480,552,505 The total investment costs of listed shares and Cash Management Fund amounted to RM5,790,064 and RM500,000,163 respectively (2019: RM4,496,836 and RM471,200,163).
Short Term Money Market Deposits have a maturity of 1-14 days with the weighted average effective interest rate at the statement of financial position date ranging from 1.25% - 2.45% per annum (2019: 2.40% - 2.50% per annum).

The fair value of the listed shares and the Cash Management Fund is determined by reference to quotes issued in active markets.

8.

Fixed Savings Included in lease receivables is the amount due from Bintulu Port Sdn.

Bhd.
Bhd.

amounting to RM14,841,672 (2019: RM13,287,283) representing approximately 84% (2019: 84%) of the total lease rental receivables.

The amount due is for the lease of land and facilities in non-demised areas.

Staff loans consist of housing, vehicle and computer loans.

The loan is unsecured and bears interest at 4% per annum and has a loan repayment period of between 1 - 30 years.
The aging analysis of exchange transactions receivable (current only) is as follows: Not exceeded payable period Exceeded 1-30 days payable period but not depreciated Exceeded 31-60 days payable period but not depreciated Exceeded 61-90 days payable period but not depreciated Exceeded 91 days payable period but not depreciated 6.
Various receivable accounts and deposits Goods and Services Tax to be refunded Fund Manager Debt Electrical security deposit Fuel Deposit Water security deposit Other Debtors 09 FINANCIAL STATEMENTS 2020 RM 2019 RM 14,554,289 17,746,700 18,423,609 15,812,367 - 4,770 8,936 - 650 7,417 32,314,695 34,244,042 2020 RM 2019 RM - 44,695 1,150 5,000 4,560 169 55,574 2,839,517 688,287 1,150 5,000 4,560 42,599 3,581,113 Fund manager debt is an accrued debt for stock management and brokerage fees.
-23- Bintulu Port Authority (Established Under Bintulu Port Authority Act, 1981) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 7.
Other Investments Current Short Term Money Market Deposit Non-current Listed Stocks Cash Management Fund Carried Value Fair value 2020 RM 2019 RM 2020 RM 2019 RM 3,900,000 3,900,000 5,880,000 5,880,000 3,900,000 3,900,000 5,880,000 5,880,000 6,326,007 498,816,147 505,142,154 509,042,154 4,575,726 470,096,779 474,672,505 480,552,505 6,326,007 498,816,147 505,142,154 509,042,154 4,575,726 470,096,779 474,672,505 480,552,505 The total investment costs of listed shares and Cash Management Fund amounted to RM5,790,064 and RM500,000,163 respectively (2019: RM4,496,836 and RM471,200,163).
Short Term Money Market Deposits have a maturity of 1-14 days with the weighted average effective interest rate at the statement of financial position date ranging from 1.25% - 2.45% per annum (2019: 2.40% - 2.50% per annum).

The fair value of the listed shares and the Cash Management Fund is determined by reference to quotes issued in active markets.

8.

Fixed Savings Licensed Banks Fixed savings are kept in approved licensed banks .
2020 RM 2019 RM 574,500, 000 494,050,000 The weighted average effective interest rate on fixed deposits at the date of financial position is 2.40% - 3.80% per annum (2019: 3.37% - 4.10% a year.

9.

Cash and Bank Balance Cash in hand Bank Balance 2020 RM 2019 RM 550 319,531 320,081 550 45,975 46,525 -24- 110 LAPORAN TAHUNAN 2020 10.
Properties , Plants and Equipment ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU BINTULU PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 Cost Office Equipment and others Motorised Vehicles Furniture and equipment Leasehold land Buildings and port structures Accumulated Depreciation Office Equipment and others Motorised Vehicles Furniture and equipment Leasehold land Buildings and port structures Cost Office Equipment and others Motorised Vehicles Furniture and equipment Balance as at 01.01.2020 RM Transfer RM Increment RM Disposal/ Write Off RM Balance as at 31.12.2020 RM Balance as at 01.01.2020 RM Transfer Depreciation RM Depreciation Current Year RM Disposal/ Write Off RM Balance as at 31.12.2020 RM 2,919,967 2,409,702 1,072,957 6,402,626 1,768,470 2,164,363 944,021 4,876,854 - - - - 262,622 231,763,085 232,025,707 - - - 98,399 83,733,643 83,832,042 235,618 178,300 15,990 - - 429,908 224,315 153,971 29,105 2,652 4,139,198 4,549,241 - - - - - - (660,394) (7,570) (667,964) 3,155,585 1,927,608 1,088,947 262,622 231,755,515 238,190,277 (660,394) (2,095) (662,489) 1,992,785 1,657,940 973,126 101,051 87,870,746 92,595,648 Balance as at 01.01.2019 RM Increment RM Disposal/ Write Off RM Balance as at 31.12.2019 RM 3,150,944 2,503,506 1,129,407 35,274 - 5,000 (266,251) (93,804) (61,450) 2,919,967 2,409,702 1,072,957 The weighted average effective interest rate on fixed deposits at the date of
 financial position is 2.40% - 3.80% per annum (2019: 3.37% - Licensed Banks Fixed savings are kept in approved licensed banks .
4.10% a year.

9.

Cash and Bank Balance Cash in hand Bank Balance 2020 RM 2019 RM 574,500, 000 494,050,000 2020 RM 2019 RM 550 319,531 320,081 550 45,975 46,525 09 FINANCIAL STATEMENTS -24- BINTULU PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 10.
Properties , Plants and Equipment Cost Office Equipment and others Motorised Vehicles Furniture and equipment Leasehold land Buildings and port structures Accumulated Depreciation Office Equipment and others Motorised Vehicles Furniture and equipment Leasehold land Buildings and port structures Cost Office Equipment and others Motorised Vehicles Furniture and equipment Accumulated Depreciation Office Equipment and others Motorised Vehicles Furniture and equipment Carried Value Office Equipment and others Motorised Vehicles Furniture and equipment Leasehold land Buildings and port structures Balance as at 01.01.2020 RM 2,919,967 2,409,702 1,072,957 - - 6,402,626 Transfer RM Increment RM Disposal/ Write Off RM Balance as at 31.12.2020 RM 262,622 231,763,085 232,025,707 235,618 178,300 15,990 - - 429,908 - (660,394) - - (7,570) (667,964) 3,155,585 1,927,608 1,088,947 262,622 231,755,515 238,190,277 Balance as at 01.01.2020 RM Transfer Depreciation RM Depreciation Current Year RM Disposal/ Write Off RM Balance as at 31.12.2020 RM 1,768,470 2,164,363 944,021 - - 4,876,854 - - - 98,399 83,733,643 83,832,042 224,315 153,971 29,105 2,652 4,139,198 4,549,241 - (660,394) - - (2,095) (662,489) 1,992,785 1,657,940 973,126 101,051 87,870,746 92,595,648 Balance as at 01.01.2019 RM Increment RM Disposal/ Write Off RM Balance as at 31.12.2019 RM 3,150,944 2,503,506 1,129,407 6,783,857 35,274 - 5,000 40,274 (266,251) (93,804) (61,450) 2,919,967 2,409,702 1,072,957 (421,505) 6,402,626 Balance as at 01.01.2019 RM Depreciation
 Current Year RM Disposal/ Write Off RM Balance as at 31.12.2019 RM 1,759,934 2,086,798 976,106 4,822,838 228,407 166,236 29,365 424,008 (219,871) (88,671) (61,450) (369,992) 1,768,470 2,164,363 944,021 4,876,854 Balance as at 31.12.2020 RM Balance as at 31.12.2019 RM 1,162,800 269,668 115,821 161,571 143,884,769 145,594,629 1,151,497 245,339 128,936 - - 1,525,772 In 2020, investment properties were reclassified where some assets namely leasehold land and buildings and port structures were transferred into property, plant and equipment resulting in significant differences in the carrying value of assets between 2020 and 2019.
-25- BINTULU PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 11.
LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU Transfer RM Increment RM 111 Cost Balance as at 01.01.2020 RM Balance as at 31.12.2020 RM Leasehold land Buildings and port structures Accumulated Depreciation Leasehold land Buildings and port structures Cost Leasehold land Buildings and port structures(Note 12) Accumulated Ddepreciation Leasehold land Buildings and port structures 190,664,914 2,018,730,909 2,209,395,823 (262,622) (231,763,085) (232,025,707) - - - 190,402,292 1,786,967,824 1,977,370,116 Balance as at 01.01.2020 RM Transfer Depreciation RM Depreciation Current Year RM Balance as at 31.12.2020 RM 21,724,584 879,488,993 901,213,577 (98,398) (83,733,642) (83,832,040) 1,923,063 32,944,184 34,867,247 23,549,249 828,699,535 852,248,784 Balance as at 01.01.2019 RM Transfer from Balance as at (Note 12) 31.12.2019 RM RM 190,664,914 2,018,011,048 2,208,675,962 - 190,664,914 719,861 719,861 2,018,730,909 2,209,395,823 Balance as at 01.01.2019 RM Depreciation Current Year RM Balance as at 31.12.2019 RM 19,798,869 842,417,163 1,925,715 37,071,830 21,724,584 879,488,993 Accumulated Depreciation Office Equipment and others Motorised Vehicles Furniture and equipment Carried Value Office Equipment and others Motorised Vehicles Furniture and equipment Leasehold land Buildings and port structures 6,783,857 40,274 (421,505) 6,402,626 Balance as at 01.01.2019 RM Depreciation Current Year RM Disposal/ Write Off RM Balance as at 31.12.2019 RM 1,759,934 2,086,798 976,106 4,822,838
 228,407 166,236 29,365 424,008 (219,871) (88,671) (61,450) (369,992) 1,768,470 2,164,363 944,021 4,876,854 Balance as at Balance as at 31.12.2020 31.12.2019 RM RM 1,162,800 269,668 115,821 161,571 143,884,769 145,594,629 1,151,497 245,339 128,936 - - 1,525,772 09 FINANCIAL STATEMENTS In 2020, investment properties were reclassified where some assets namely leasehold land and buildings and port structures were transferred into property, plant and equipment resulting in significant differences in the carrying value of assets between 2020 and 2019.
-25- BINTULU PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 11.
Cost Balance as at 01.01.2020 RM Transfer RM Increment RM Leasehold land Buildings and port structures 190,664,914 2,018,730,909 2,209,395,823 (262,622) (231,763,085) (232,025,707) Balance as at 31.12.2020 RM - - - 190,402,292 1,786,967,824 1,977,370,116 Accumulated Depreciation Leasehold land Buildings and port structures Cost Leasehold land Buildings and port structures(Note 12) Accumulated Ddepreciation Leasehold land Buildings and port structures Carried Value Leasehold land Buildings and port structures Balance as at 01.01.2020 RM Transfer Depreciation RM Depreciation Current Year RM Balance as at 31.12.2020 RM 21,724,584 879,488,993 901,213,577 (98,398) (83,733,642) (83,832,040) 1,923,063 32,944,184 34,867,247 23,549,249 828,699,535 852,248,784 Balance as at 01.01.2019 RM Transfer from (Note 12) RM Balance as at 31.12.2019 RM 190,664,914 2,018,011,048 2,208,675,962 - 719,861 719,861 190,664,914 2,018,730,909 2,209,395,823 Balance as at 01.01.2019 RM Depreciation Current Year RM Balance as at 31.12.2019 RM 19,798,869 842,417,163 1,925,715 37,071,830 21,724,584 879,488,993 862,216,032 38,997,545 901,213,577 Balance as at 31.12.2020 RM Balance as at 31.12.2019 RM 166,853,043 958,268,289 1,125,121,332 168,940,330 1,139,241,916 1,308,182,246 Rental income from investment properties amounted to RM149,299,690 (2019 RM135,519,274).
Direct operating expenses including repairs and maintenance involved from investment properties that generate rental income amounted to RM3,478,519 (2019: Direct operating expenses including repairs and maintenance involved from investment properties that do not generate rental income amounted to RM31,287,912 (2019: RM39,176,508).

BPA is of the opinion that the fair value of the above investment properties exceeds the cost value.
-26- BINTULU PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 12.
Work in Progress 2020 RM 2019 RM 112 Balance as of 1 January LAPORAN TAHUNAN 2020 Current Increment Balance as of 31 December ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 48,705,902 24,564,089 73,269,991 49,390,404 35,359 49,425,763 Deduction Write off expenses Transfer to investment property (Note 11) Balance as of 31 December (72,713,141) - (72,713,141) 556,850 - (719,861) (719,861) 48,705,902 Work In Progress amounting to RM48,705,902 in the Financial Statements Year 2019 and additional Work In Progress paid in 2020 for the Supply Base In Second Basin Of Bintulu Port Development Project amounting to RM24,007,239.26 are written off by derecognition ie removing it from the Statement of Financial Position by zeroed the balance of Work in Progress and restated in the Statement of Financial Performance as Work -in -Progress Write -Off Expenditure in BPA's Financial Statements for the Year Ended 31 December 2020 as the project has been terminated and no future economic benefits or service potential are expected from its disposal or write -off.
13.
Intangible Asset Cost Computer software accumulated depreciation Computer software Balance as at Balance as at 01.01.2020 Increment RM 31.12.2020 RM RM RM 3,252,585 3,252,585 14,300 14,300 3,266,885 3,266,885 Balance as at 01.01.2020 RM Amortisation Balance as at Current Year 31.12.2020 RM RM 3,245,331 3,245,331 5,244 5,244 3,250,575 3,250,575 Balance as at 01.01.2019 Increment Balance as at 31.12.2019 Carried Value Leasehold land Buildings and port structures 862,216,032 38,997,545 901,213,577 Balance as at Balance as at 31.12.2020 31.12.2019 RM RM 166,853,043 958,268,289 1,125,121,332 168,940,330 1,139,241,916 1,308,182,246 Rental income from investment properties amounted to RM149,299,690 (2019 RM135,519,274).
Direct operating expenses including repairs and maintenance involved from investment properties that generate rental income amounted to RM3,478,519 (2019: Direct operating expenses including repairs and maintenance involved from investment properties that do not generate rental income amounted to RM31,287,912 (2019: RM39,176,508).

09 FINANCIAL STATEMENTS BPA is of the opinion that the fair value of the above investment properties exceeds the cost value.
-26- BINTULU PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 12.
Work in Progress Balance as of 1 January Current Increment Balance as of 31 December Deduction Write off expenses Transfer to investment property (Note 11) Balance as of 31 December 2020 RM 48,705,902 24,564,089 73,269,991 2019 RM 49,390,404 35,359 49,425,763 (72,713,141) - (72,713,141) 556,850 - (719,861) (719,861) 48,705,902 Work In Progress amounting to RM48,705,902 in the Financial Statements Year 2019 and additional Work In Progress paid in 2020 for the Supply Base In Second Basin Of Bintulu Port Development Project amounting to RM24,007,239.26 are written off by derecognition ie removing it from the Statement of Financial Position by zeroed the balance of Work in Progress and restated in the Statement of Financial Performance as Work -in -Progress Write -Off Expenditure in BPA's Financial Statements for the Year Ended 31 December 2020 as the project has been terminated and no future economic benefits or service potential are expected from its disposal or write -off.
13.
Intangible Asset Cost Computer software accumulated depreciation Computer software Cost Computer software accumulated depreciation Computer software Carried Value Computer software Balance as at 01.01.2020 RM Increment RM RM Balance as at 31.12.2020 RM 3,252,585 3,252,585 14,300 14,300 3,266,885 3,266,885 Balance as at 01.01.2020 RM Amortisation Current Year RM Balance as at 31.12.2020 RM 3,245,331 3,245,331 5,244 5,244 3,250,575 3,250,575 Balance as at 01.01.2019 Increment Balance as at 31.12.2019 RM RM RM 3,252,585 3,252,585 - - 3,252,585 3,252,585 Balance as at 01.01.2019 RM Amortisation Current Year RM Balance as at 31.12.2019 RM 3,238,824 3,238,824 6,507 6,507 3,245,331 3,245,331 Balance as at 31.12.2020 RM Balance as at 31.12.2019 RM 16,310 7,254 -27- BINTULU PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 14.
Receivables From Exchange Transactions LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 113 2020 RM 2019 RM This additional lease rent received earlier is the first quarter invoice of the following year issued in December of the current year as the lease rent must be paid on or before 1 January of each year.

This amount will be credited to the statement of financial performance according to the rental period.
Income advances received from Annual licenses Building rentals Additional lease rentals Building electrical Health Department 15.

Various accounts payable and accrued expenses Current Wages control account Deposit for rental received.

Deposit for tender and quotation received.
Fees for tax, audit and other services Premium for new land lot Out of state advances Zakat Non-current Premium for new land lot 38,200,692 37,695,964 50,000 39,742 - - 50,000 115,754 40,758 100 38,290,434 37,902,576 2020 RM 2019 RM 137,500 386,954 - - 491,590 7,004,160 96,307 8,116,511 - 318,909 100,000 1,901,644 7,004,160 694 - 9,325,407 12,433,022 12,433,022 20,549,533 18,420,207 18,420,207 27,745,614 Cost Computer software accumulated depreciation Computer software Carried Value 09 FINANCIAL STATEMENTS Computer software RM RM RM 3,252,585 3,252,585 - - 3,252,585 3,252,585 Balance as at 01.01.2019 RM Amortisation Current Year RM Balance as at 31.12.2019 RM 3,238,824 3,238,824 6,507 6,507 3,245,331 3,245,331 Balance as at 31.12.2020 RM Balance as at 31.12.2019 RM 16,310 7,254 -27- BINTULU PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 14.
Receivables From Exchange Transactions Income advances received from Annual licenses Building rentals Additional lease rentals Building electrical Health Department 2020 RM 2019 RM 50,000 39,742 38,200,692 - - 38,290,434 50,000 115,754 37,695,964 40,758 100 37,902,576 This additional lease rent received earlier is the first quarter invoice of the following year issued in December of the current year as the lease rent must be paid on or before 1 January of each year.
This amount will be credited to the statement of financial performance according to the rental period.

15.

Various accounts payable and accrued expenses Current Wages control account Deposit for rental received.

Deposit for tender and quotation received.
Fees for tax, audit and other services Premium for new land lot Out of state advances Zakat Non-current Premium for new land lot 2020 RM 2019 RM 137,500 386,954 - 491,590 7,004,160 - 96,307 8,116,511 - 318,909 100,000 1,901,644 7,004,160 694 - 9,325,407 12,433,022 12,433,022 20,549,533 18,420,207 18,420,207 27,745,614 Premium for new land lot comprises the remaining land premium to the Sarawak State government for Lots 1244, 1245,2637,2638 -28- LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU Bintulu Port Authority (Established Under Bintulu Port Authority Act, 1981) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 114 16.
Staff Benefits Allocation Balance as of 1 January Addition Previous year surplus Balance as of 31 December Analysed as follow: Current Non-current Discount rate Salary increment rate 17.
Deferred Grants Important assumptions made when determining employees’ benefit allocation: Amortisation to the statement of financial performance (Note 21) Balance as of 1 January Balance as of 31 December Analysed as follow: Current Non-current 2020 RM 2019 RM 159,679 1,429,300 - 1,429,300 1,588,979 138,654 1,450,324 1,588,978 723,296 - (563,617) (563,617) 159,679 - 159,679 159,679 2020 % 4 2019 % 4 According to According to grade position grade position 2020 RM 2019 RM 225,696,920 (11,638,634) 214,058,286 237,335,554 (11,638,634) 225,696,920 11,638,634 202,419,652 214,058,286 11,638,634 214,058,286 225,696,920 Premium for new land lot comprises the remaining land premium to the Sarawak State government for Lots 1244, 1245,2637,2638 09 FINANCIAL STATEMENTS -28- Bintulu Port Authority (Established Under Bintulu Port Authority Act, 1981) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 16.
Staff Benefits Allocation Balance as of 1 January Addition Previous year surplus Balance as of 31 December Analysed as follow: Current Non-current Important assumptions made when determining employees’ benefit allocation: Discount rate Salary increment rate 17.
Deferred Grants Balance as of 1 January Amortisation to the statement of financial performance (Note 21) Balance as of 31 December Analysed as follow: Current Non-current 2020 RM 2019 RM 159,679 1,429,300 - 1,429,300 1,588,979 138,654 1,450,324 1,588,978 723,296 - (563,617) (563,617) 159,679 - 159,679 159,679 2020 % 2019 % 4 According to grade position 4 According to grade position 2020 RM 2019 RM 225,696,920 (11,638,634) 214,058,286 237,335,554 (11,638,634) 225,696,920 11,638,634 202,419,652 214,058,286 11,638,634 214,058,286 225,696,920 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 115 This grant is a significant part of the initial cost to build Bintulu Port which was funded by the federal government.
18.

Deferred Tax Liability Increase of capital allowance on depreciation Balance as of 1 January Transfer to the statement of financial performance (Note 28) Balance as of 31 December 09 FINANCIAL STATEMENTS -29- BINTULU PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 19.

Exchange Transactions Licence and Permit Rental Income Interest and dividend 20.

Non-Exchange Transactions Amortised government grants.
21.

Other Revenue Profit from Real-estates, plants and equipment sales Profit from investment sales Excess staff benefits allocation Others 22.

Emolument Salary and Pay Fixed allowance Statutory Contribution for employees Overtime Allowance Other financial benefits 23.
Services and Supplies Travel and living expenses Goods Transport Communication and Utilities Rentals Supply of raw materials and materials for maintenance and repair Supplies and other materials Labuan dual function contribution Maintenance and minor repairs purchased Professional and other services purchased and hospitality New Policy and One-off -30- 2020 RM 2019 RM 101,973,342 2,656,647 104,629,989 98,356,618 3,616,724 101,973,342 2020 RM 50,000 149,299,690 25,608,955 174,958,645 2019 RM 50,000 135,519,274 39,728,828 175,298,102 2020 RM 2019 RM 11,638, 634 11,638,634 2020 RM 2019 RM 51,200 1,230,226 - 263,834 1,545,260 14,049 149,094 563,617 134,449 861,209 2020 RM 2019 RM 4,076,218 1,262,242 696,282 32,035 506,869 6,573,646 3,917,242 1,224,971 669,645 27,323 425,426 6,264,607 2020 RM 2019 RM 928,365 3,562 880,251 236,857 36,468 438,500 729,950 2,340,834 14,851,992 271,265 20,718,044 2,514,637 7,341 1,099,180 202,309 36,559 562,110 739,443 2,241,405 18,670,793 2,296,191 28,369,968 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU BINTULU PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 116 23.
Services and Supplies (continued) Professional and other services purchased and hospitality comprise(:) Medical expenses Incentive Payment Environmental Monitoring and Audit Consultancy Project Management and Environmental Compliance Consultancy 24.

Contribution and Fixed Charges Donation Contribution to 40 Regiment Contribution to BPA sports and recreation club Leave Rewards 25.
Other expenses Land Tax Assessment Tax Road Tax Stamp Duty Fine/ Summons Business Zakat Loss from assets sales/write off Loss from Investment Sale Insurance Premium and Bank Comission Reversion for financial assistance interest Association Fees 2020 RM 2019 RM 2,606,089 724,931 1,112,801 2,669,930 2,505,885 5,272,980 1,953,110 2,647,644 2020 RM 2019 RM 202,276 293,139 - - 1,730,785 5,000 580,078 - 495,415 2,315,863 2020 RM 2019 RM 1,500,000 1,500,000 2,981,572 202,801 - 160 1,350 5,475 - 333,559 510,898 14,211 5,550,026 2,981,572 231,121 598 - - - 17,013 663,236 319,065 18,359 5,730,963 Travel and living expenses Goods Transport Communication and Utilities Rentals Supply of raw materials and materials for maintenance and repair Supplies and other materials Labuan dual function contribution Maintenance and minor repairs purchased Professional and other services purchased and hospitality New Policy and One-off 09 FINANCIAL STATEMENTS -30- BINTULU PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 23.
Services and Supplies (continued) Professional and other services purchased and hospitality comprise(:) Medical expenses Environmental Monitoring and Audit Consultancy Project Management and Environmental Compliance Consultancy Incentive Payment 24.

Contribution and Fixed Charges Donation Contribution to 40 Regiment Contribution to BPA sports and recreation club Leave Rewards 25.
Other expenses Land Tax Assessment Tax Road Tax Stamp Duty Fine/ Summons Business Zakat Loss from assets sales/write off Loss from Investment Sale Insurance Premium and Bank Comission Reversion for financial assistance interest Association Fees 26.
Financial Cost 928,365 3,562 880,251 236,857 36,468 438,500 729,950 2,340,834 14,851,992 271,265 20,718,044 2,514,637 7,341 1,099,180 202,309 36,559 562,110 739,443 2,241,405 18,670,793 2,296,191 28,369,968 2020 RM 2019 RM 2,606,089 724,931 1,112,801 2,669,930 2,505,885 5,272,980 1,953,110 2,647,644 2020 RM 2019 RM 202,276 - 293,139 - 495,415 1,730,785 5,000 580,078 - 2,315,863 2020 RM 2019 RM 2,981,572 202,801 - 160 1,350 1,500,000 5,475 - 333,559 510,898 14,211 5,550,026 2,981,572 231,121 598 - - 1,500,000 17,013 663,236 319,065 - 18,359 5,730,963 2020 RM 2019 RM Interest expenses on the premium of new lands 1,016, 975 1,247,251 27.
Surplus Before Tax Surplus before tax obtained after auditor fee charges is RM32,803,153 (2019: RM104,413,766).

-31- BINTULU PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 28.
Taxes LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 117 2020 RM 2019 RM Current income tax expenses Deferred tax expense related to onset and reversal of temporary differences (NOTE 18) Previous year insufficient income tax provision Statement of tax expense adjustment with accounting profit Surplus before tax Tax at the current income tax rate of 24% Non-taxable income Expenses not allowed for tax purposes Previous year insufficient income tax provision 29.
Human Resource Top Management Management and Professional Support Staff 30.
Remuneration of Key Management Personnel Remuneration Number of Chairman and Board of Directors Members 26,990,004 20,247,211 2,656,647 29,646,651 2,034,377 31,681,028 3,616,724 23,863,935 666,706 24,530,641 32,898,259 104,413,766 7,895,582 (3,440,180) 25,191,249 2,034,377 31,681,028 25,059,304 (4,961,066) 3,765,698 666,706 24,530,641 2020 Total 2019 Total 1 28 57 1 28 57 2020 RM 2019 RM 603,748 520,330 14 12 For the financial year ending in 2020, BPA have 86 officers and staff (2019: 86) The officers and staff are categorised as follows: Key management personnel consists of personnel with the authority and responsibility for planning, directing and controlling the activities of BPA either directly or indirectly.
The key management staff of BPA consists of the Chairman and members of the Board of Directors appointed by the Honourable Minister of Transport.

The remuneration received by key management personnel are as follows: 26.

Financial Cost 2020 RM 2019 RM Interest expenses on the premium of new lands 1,016, 975 1,247,251 27.

Surplus Before Tax 09 FINANCIAL STATEMENTS Surplus before tax obtained after auditor fee charges is RM32,803,153 (2019: RM104,413,766).
-31- BINTULU PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 28.
Taxes Current income tax expenses Deferred tax expense related to onset and reversal of temporary differences (NOTE 18) Previous year insufficient income tax provision Statement of tax expense adjustment with accounting profit Surplus before tax Tax at the current income tax rate of 24% Non-taxable income Expenses not allowed for tax purposes Previous year insufficient income tax provision 29.
Human Resource 2020 RM 2019 RM 26,990,004 20,247,211 2,656,647 29,646,651 2,034,377 31,681,028 3,616,724 23,863,935 666,706 24,530,641 32,898,259 104,413,766 7,895,582 (3,440,180) 25,191,249 2,034,377 31,681,028 25,059,304 (4,961,066) 3,765,698 666,706 24,530,641 For the financial year ending in 2020, BPA have 86 officers and staff (2019: 86) The officers and staff are categorised as follows: Top Management Management and Professional Support Staff 30.
Remuneration of Key Management Personnel 2020 Total 2019 Total 1 28 57 1 28 57 Key management personnel consists of personnel with the authority and responsibility for planning, directing and controlling the activities of BPA either directly or indirectly.

The key management staff of BPA consists of the Chairman and members of the Board of Directors appointed by the Honourable Minister of Transport.
The remuneration received by key management personnel are as follows: Remuneration Number of Chairman and Board of Directors Members 31.

Financial Instrument 31.1 Financial risk management objectives and policies 2020 RM 2019 RM 603,748 520,330 14 12 BPA's financial risk management policy aims to ensure that there are adequate financial resources for business development, managing credit risk, market risk and liquidity risk.
BPA operates under clearly defined guidelines approved by the Board and BPA's policy is not to involve BPA in speculative transactions.

-32- 118 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU BINTULU PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 31.
Financial Instrument (continued) 31.2 Credit Risk Credit risk or the risk of third parties failing to pay, is controlled by the application of strict credit approval procedures, limits and supervision.

Credit risk is minimised and closely monitored by limiting BPA's collaboration with business partners with high creditworthiness.

Debtors are monitored on an ongoing basis through BPA's management reporting procedures.
BPA does not have significant exposure to any individual customers or third parties nor any significant concentration of credit risk associated with any financial instruments other than those disclosed separately in the relevant notes.

31.3 Market Risk Market risk is the risk of changes in market prices such as interest rates, which affect BPA's income or the holding value of its financial instruments.
The objective of market risk management is to manage and control market risk exposures within acceptable parameters, while optimizing risk -based returns.
The weighted average interest rates and maturity profiles of BPA's financial instruments as at 31 December 2020 are as follows: If the weighted average interest rate as at 31 December 2020 is 100 basis points higher or lower, interest income and interest expense Financial Assets Financial Assistance Fixed Savings Other investments Bank Balance Interest Rate Sensitivity Analysis will be affected as follows: On 31 December 2020 RM Other investments Fixed Savings Bank Balance On 31 December 2020 Financial Assistance Interest Rate Average Weighted % 5.00% 3.95% 2.81% 1.00% Increment / (Decrement) Basis Point % +100/-100 +100/-100 +100/-100 2020 RM 2019 RM - 574,500,000 509,042,154 320,081 6,510,898 494,050,000 480,552,505 45,975 1,083,862,235 981,159,378 Increment/Decrement of Annual Surplus RM RM 19,394,506 28,437,750 6,402 (9,213,663) (16,947,750) - 47,838,658 (26,161,413) +100/-100 390,654 (260,436) 31.
Financial Instrument 31.1 Financial risk management objectives and policies BPA's financial risk management policy aims to ensure that there are adequate financial resources for business development, managing credit risk, market risk and liquidity risk.

BPA operates under clearly defined guidelines approved by the Board and BPA's policy is not to involve BPA in speculative transactions.
09 FINANCIAL STATEMENTS -32- BINTULU PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 31.

Financial Instrument (continued) 31.2 Credit Risk Credit risk or the risk of third parties failing to pay, is controlled by the application of strict credit approval procedures, limits and supervision.
Credit risk is minimised and closely monitored by limiting BPA's collaboration with business partners with high creditworthiness.

Debtors are monitored on an ongoing basis through BPA's management reporting procedures.

BPA does not have significant exposure to any individual customers or third parties nor any significant concentration of credit risk associated with any financial instruments other than those disclosed separately in the relevant notes.
31.3 Market Risk Market risk is the risk of changes in market prices such as interest rates, which affect BPA's income or the holding value of its financial instruments.

The objective of market risk management is to manage and control market risk exposures within acceptable parameters, while optimizing risk -based returns.
The weighted average interest rates and maturity profiles of BPA's financial instruments as at 31 December 2020 are as follows: Financial Assets Financial Assistance Fixed Savings Other investments Bank Balance Interest Rate Average Weighted % 5.00% 3.95% 2.81% 1.00% 2020 RM 2019 RM - 574,500,000 509,042,154 320,081 1,083,862,235 6,510,898 494,050,000 480,552,505 45,975 981,159,378 Interest Rate Sensitivity Analysis If the weighted average interest rate as at 31 December 2020 is 100 basis points higher or lower, interest income and interest expense will be affected as follows: On 31 December 2020 RM Other investments Fixed Savings Bank Balance On 31 December 2020 Financial Assistance Other Investments Fixed Savings Bank Balance Increment / (Decrement) Basis Point % +100/-100 +100/-100 +100/-100 +100/-100 +100/-100 +100/-100 +100/-100 Increment/Decrement of Annual Surplus RM RM 19,394,506 28,437,750 6,402 47,838,658 (9,213,663) (16,947,750) - (26,161,413) 390,654 18,309,050 24,455,475 919 43,156,098 (260,436) (8,698,000) (14,574,475) - (23,532,911) -33- LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU BINTULU PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 119 31.4 Risk of Liquidity Liquidity risk is the risk that BPA will face difficulties in meeting its financial obligations due to lack of funds.
BPA's exposure to liquidity risk arises from differences in the maturities of financial assets and financial liabilities.

The table below shows the maturity profile of BPA's liabilities at the reporting date based on repayment obligations without contractual discounts.
Within Period One year RM Exceeding Period One year RM 38,290,434 8,116,511 46,406,945 12,433,022 12,433,022 Total RM 38,290,434 20,549,533 58,839,967 37,902,576 9,325,407 47,227,983 18,420,207 18,420,207 37,902,576 27,745,614 65,648,190 - - On 31 December 2020 Receivables From Exchange Transactions Various accounts payable and accrued expenses On 31 December 2019 Receivables From Exchange Transactions Various accounts payable and accrued expenses operating expenses and financial liabilities.
31.5 Management of Capital Risk BPA manages liquidity and cash flow risk by ensuring sufficient cash and providing sufficient funds to meet commitments from The main objective of BPA's capital management is to ensure that there is sufficient cash to support BPA's financing needs including capital expenditure as well as to ensure that BPA remains financially sound.

BPA constantly monitors its cash flow to ensure that every BPA commitment is met when the need arises.
31.6 Fair value The fair value of financial assets and liabilities is the amount by which the instrument can be exchanged in a current transaction between interested parties, other than in a forced sale or liquidation.

The fair values of financial assets and financial liabilities equal their fair values as they have a short tenure except for BPA investments where their fair values use Tier 1 which is based on active market prices.

32.
Notes On The Statement of Comparison Between The Budgeted And Actual Amounts Other Investments Fixed Savings Bank Balance +100/-100 +100/-100 +100/-100 18,309,050 24,455,475 919 43,156,098 (8,698,000) (14,574,475) - (23,532,911) 09 FINANCIAL STATEMENTS -33- BINTULU PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 31.4 Risk of Liquidity Liquidity risk is the risk that BPA will face difficulties in meeting its financial obligations due to lack of funds.
BPA's exposure to liquidity risk arises from differences in the maturities of financial assets and financial liabilities.

The table below shows the maturity profile of BPA's liabilities at the reporting date based on repayment obligations without contractual discounts.
On 31 December 2020 Receivables From Exchange Transactions Various accounts payable and accrued expenses On 31 December 2019 Receivables From Exchange Transactions Various accounts payable and accrued expenses Within Period One year RM Exceeding Period One year RM Total RM 38,290,434 8,116,511 46,406,945 - 12,433,022 12,433,022 38,290,434 20,549,533 58,839,967 37,902,576 9,325,407 47,227,983 - 18,420,207 18,420,207 37,902,576 27,745,614 65,648,190 BPA manages liquidity and cash flow risk by ensuring sufficient cash and providing sufficient funds to meet commitments from operating expenses and financial liabilities.
31.5 Management of Capital Risk The main objective of BPA's capital management is to ensure that there is sufficient cash to support BPA's financing needs including capital expenditure as well as to ensure that BPA remains financially sound.

BPA constantly monitors its cash flow to ensure that every BPA commitment is met when the need arises.
31.6 Fair value The fair value of financial assets and liabilities is the amount by which the instrument can be exchanged in a current transaction between interested parties, other than in a forced sale or liquidation.

The fair values of financial assets and financial liabilities equal their fair values as they have a short tenure except for BPA investments where their fair values use Tier 1 which is based on active market prices.

32.
32.

Notes On The Statement of Comparison Between The Budgeted And Actual Amounts BPA's 2020 Budget has been approved and presented on a cash basis for the financial period between 1 January 2020 to 31 December 2020.

The original budget was tabled in the Finance and Planning Committee Meeting No.3/2019 for approval and tabled in the BPA Board Meeting No.2/2019 for approval on 6 November 2019.
The budget proposal was presented for the approval of the Honourable Minister of Transport Malaysia through reference letter BPA/400-2/1/1 (15) dated 18 November 2019 and has been approved through reference letter MOT.400- 4/1/24 Volume 4 (2) dated 24 January 2020 in accordance with Section 19 (1) of Act 243, Bintulu Port Authority Act 1981.
The Proposed Second Supplementary Budget for 2020 BPA was approved by the Honourable Minister of Transport Malaysia through reference letter MOT.400-4/1/24 Vol.4 (3) dated 12 May 2020 and the Proposed Second Supplementary Budget and Transfer of Allocation for the First Time 2020 has approved through reference letter MOT.400-4/1/24 Vol.4 (7) dated 11 August 2020 in accordance with Section 20 (1) of the BPA Act 1981.
-34- 120 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU BINTULU PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 32.

Notes On The Statement of Comparison Between The Budgeted And Actual Amounts (Continued) The budget was prepared using a different basis than the financial statement.
The financial statements were prepared on an accrual basis using a classification based on the type of expenditure in the statement of financial performance, while the budget was prepared on a cash basis.

The amounts in these financial statements have been restructured from an accrual basis to a cash basis and reclassified with the presentation being on the same basis as the approved budget.
A comparison of budget and actual amounts, prepared in comparison with the approved budget, is then presented in the budget and actual comparison statement.

In addition to these basic differences, adjustments to the amounts in the financial statements were also made for differences in the format and classification adopted for the presentation of the approved financial statements and budget.

prepared.
prepared.

Time differences exist when the budget period in which the budget was prepared differs from the period in which the financial statement were Entity differences exist when the budget does not take into account programs or activities not recorded in these financial statements.
The adjustment between the actual amount as disclosed in the comparative budget and actual statement and the actual amount in the cash flow statement for the financial year ended 31 December 2020 is as follows: The actual amount is comparable to the amount stated in the comparison statement for budgeted and actual Time difference Actual amount in the Statement of Cash Flow 33.
Important events after the reporting period Operations Investment RM RM Total RM 70,615,733 33,421,867 18,562,735 (43,856,779) 89,178,468 (10,434,912) 104,037,600 (25,294,044) 78,743,556 On 16 March 2020, the government announced the The Movement Control Order (“MCO”) from 18 March 2020 until 31 March 2020 to curb the spread of the COVID-19 outbreak.

The MCO was then extended to 09 June 2020.

During the MCO, BPA has closed its premises for all dealings with the public.
All transactions were conducted online The MCO enforced by the Government does not have a significant impact on BPA's cash flow base as well as BPA's future operations.

No adjustments were made to BPA's assets and liabilities at the reporting date due to the impact of the MCO as the MCO was implemented by the Government to curb the spread of the COVID-19 9 outbreak rather than due to the outbreak itself.
The board members opined that the MCO does not provide evidence of circumstances existing at the end of the reporting period and it is assessed as non-adjusting events.

BPA's 2020 Budget has been approved and presented on a cash basis for the financial period between 1 January 2020 to 31 December 2020.

The original budget was tabled in the Finance and Planning Committee Meeting No.3/2019 for approval and tabled in the BPA Board Meeting No.2/2019 for approval on 6 November 2019.
The budget proposal was presented for the approval of the Honourable Minister of Transport Malaysia through reference letter BPA/400-2/1/1 (15) dated 18 November 2019 and has been approved through reference letter MOT.400- 4/1/24 Volume 4 (2) dated 24 January 2020 in accordance with Section 19 (1) of Act 243, Bintulu Port Authority Act 1981.
The Proposed Second Supplementary Budget for 2020 BPA was approved by the Honourable Minister of Transport Malaysia through reference letter MOT.400-4/1/24 Vol.4 (3) dated 12 May 2020 and the Proposed Second Supplementary Budget and Transfer of Allocation for the First Time 2020 has approved through reference letter MOT.400-4/1/24 Vol.4 (7) dated 11 August 2020 in accordance with Section 20 (1) of the BPA Act 1981.
09 FINANCIAL STATEMENTS -34- BINTULU PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 32.

Notes On The Statement of Comparison Between The Budgeted And Actual Amounts (Continued) The budget was prepared using a different basis than the financial statement.
The financial statements were prepared on an accrual basis using a classification based on the type of expenditure in the statement of financial performance, while the budget was prepared on a cash basis.

The amounts in these financial statements have been restructured from an accrual basis to a cash basis and reclassified with the presentation being on the same basis as the approved budget.
A comparison of budget and actual amounts, prepared in comparison with the approved budget, is then presented in the budget and actual comparison statement.

In addition to these basic differences, adjustments to the amounts in the financial statements were also made for differences in the format and classification adopted for the presentation of the approved financial statements and budget.
Time differences exist when the budget period in which the budget was prepared differs from the period in which the financial statement were prepared.

Entity differences exist when the budget does not take into account programs or activities not recorded in these financial statements.
The adjustment between the actual amount as disclosed in the comparative budget and actual statement and the actual amount in the cash flow statement for the financial year ended 31 December 2020 is as follows: The actual amount is comparable to the amount stated in the comparison statement for budgeted and actual Time difference Actual amount in the Statement of Cash Flow 33.
Important events after the reporting period Operations RM Investment RM Total RM 70,615,733 33,421,867 18,562,735 (43,856,779) 89,178,468 (10,434,912) 104,037,600 (25,294,044) 78,743,556 On 16 March 2020, the government announced the The Movement Control Order (“MCO”) from 18 March 2020 until 31 March 2020 to curb the spread of the COVID-19 outbreak.

The MCO was then extended to 09 June 2020.

During the MCO, BPA has closed its premises for all dealings with the public.
All transactions were conducted online The MCO enforced by the Government does not have a significant impact on BPA's cash flow base as well as BPA's future operations.

No adjustments were made to BPA's assets and liabilities at the reporting date due to the impact of the MCO as the MCO was implemented by the Government to curb the spread of the COVID-19 9 outbreak rather than due to the outbreak itself.
The board members opined that the MCO does not provide evidence of circumstances existing at the end of the reporting period and it is assessed as non-adjusting events.
LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 BINTULU PORT AUTHORITY LEMBAGA PELABUHAN BINTULU 121 LAPORAN TAHUNAN LEMBAGA PELABUHAN LABUAN 2020 122 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 123 01 ISI KANDUNGAN / CONTENT ISI KANDUNGAN CONTENTS 01 Profil Korporat Corporate Profile 02 Visi dan Misi Korporat Corporate Vision and Mission 125 126 - 127 03 Ahli-Ahli Lembaga Pengarah Members of the Board of Directors 128 - 129 04 Prestasi Keseluruhan Overall Performance 05 Diari Korporat Corporate Diary 06 Penyata Kewangan Financial Statements 130 - 135 136 137 - 191 124 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 01 01 PROFIL KORPORAT / CORPORATE PROFILE PROFIL KORPORAT / CORPORATE PROFILE PROFIL KORPORAT PROFIL KORPORAT Pada 26 Januari 2017, Lembaga Pelabuhan Bintulu telah meluaskan fungsi lembaga kepada Pada 26 Januari 2017, Lembaga Pelabuhan Bintulu telah meluaskan fungsi lembaga kepada Lembaga Pelabuhan Labuan.
Peluasan fungsi ini membolehkan Lembaga Pelabuhan Labuan Lembaga Pelabuhan Labuan.

Peluasan fungsi ini membolehkan Lembaga Pelabuhan Labuan berfungsi sebagai sebuah badan berkanun dan juga sebagai badan pengawalselia pelabuhan.

berfungsi sebagai sebuah badan berkanun dan juga sebagai badan pengawalselia pelabuhan.
Pada 17 Januari 2017, deklarasi had pelabuhan baru telah diwujudkan dan dikenali sebagai Had Pada 17 Januari 2017, deklarasi had pelabuhan baru telah diwujudkan dan dikenali sebagai Had Pelabuhan Teluk Victoria.

Pelabuhan Teluk Victoria.

Daripada perluasan Daripada perluasan fungsi Lembaga Pelabuhan Bintulu, Lembaga Pelabuhan Labuan fungsi Lembaga Pelabuhan Bintulu, Lembaga Pelabuhan Labuan memainkan peranan yang sama.

Pembangungan, pentadbiran, pemasaran dan pembekal memainkan peranan yang sama.
Pembangungan, pentadbiran, pemasaran dan pembekal perkhidmatan pelabuhan merupakan skop utama Lembaga Pelabuhan Labuan.

Ini bagi perkhidmatan pelabuhan merupakan skop utama Lembaga Pelabuhan Labuan.
Ini bagi memastikan Pelabuhan Labuan berfungsi sebagai pintu masuk kapal-kapal dagang yang efisien memastikan Pelabuhan Labuan berfungsi sebagai pintu masuk kapal-kapal dagang yang efisien dan efektif sejajar dengan deklarasi ke atas Labuan sebagai Pusat Kewangan Luar Pesisir dan efektif sejajar dengan deklarasi ke atas Labuan sebagai Pusat Kewangan Luar Pesisir Antarabangsa (International Offshore Financial Centre) pada 1 Oktober 1990.


Pada 1 April 2020, Lembaga Pelabuhan Labuan telah melantik Straits Inter Logistic Berhad Pada 1 April 2020, Lembaga Pelabuhan Labuan telah melantik Straits Inter Logistic Berhad sebagai operator pelabuhan bagi menjalankan operasi perkhidmatan pelabuhan.

Bagi sebagai operator pelabuhan bagi menjalankan operasi perkhidmatan pelabuhan.
Bagi memastikan operasi pelabuhan berjalan dengan lancar dan optimum, bermula 16 Januari 2017, memastikan operasi pelabuhan berjalan dengan lancar dan optimum, bermula 16 Januari 2017, Lembaga Pelabuhan Bintulu telah menempatkan kakitangan untuk menjalankan fungsi Lembaga Lembaga Pelabuhan Bintulu telah menempatkan kakitangan untuk menjalankan fungsi Lembaga Pelabuhan Labuan.

Ini bagi memastikan tanggungjawab sebagai badan kawalselia pelabuhan dan Pelabuhan Labuan.
Ini bagi memastikan tanggunjawab sebagai badan kawalselia pelabuhan dan mengawasi keselamatan operasi pelabuhan terlaksana.

mengawasi keselamatan operasi pelabuhan terlaksana.

CORPORATE PROFILE CORPORATE PROFILE On 26 January 2017, the Bintulu Port Authority extended its functions to the Labuan Port On 26 January 2017, the Bintulu Port Authority extended its functions to the Labuan Port Authority.

The extension of this function enables the Labuan Port Authority to function as a Authority.
The extension of this function enables the Labuan Port Authority to function as a statutory body and a port regulatory body.

On 17 January 2017, declarations of a new port limit statutory body and a port regulatory body.

On 17 January 2017, declarations of a new port limit declaration is known as the Victoria Bay Port Limit was established.

The expansion of the Bintulu known as the Victoria Bay Port Limit was established.
The expansion of the Bintulu Port Authority Port Authority functions has allowed the Labuan Port Authority to play a similar role.

Labuan Port functions has allowed the Labuan Port Authority to play a similar role.

Labuan Port Authority’s Authority’s main scope of operation comprises the development, administration, and marketing main scope of operation comprises the development, administration, and marketing activities.

activities.
activities.

This could ensure Labuan Port functions as an efficient and effective gateway for mer- This could ensure Labuan Port functions as an efficient and effective gateway for merchant ships in- chant ships in line with the declaration of Labuan as an International Offshore Financial Center on line with the declaration of Labuan as an International Offshore Financial Center on 1 October 1990.

1 October 1990.
1 October 1990.

On 1 April 2020, the Labuan Port Authority appointed Straits Inter Logistic Berhad as the new port On 1 April 2020, the Labuan Port Authority appointed Straits Inter Logistic Berhad as the new port operator to handle the port service operations.

To ensure the port operation runs smooth and operator to handle the port service operations.
To ensure the port operation runs smooth and optimal operations by Labuan Liberty Port Management, starting 16 January 2017, Bintulu Port optimal by the port operator, starting 16 January 2017, Bintulu Port Authority has deployed staff to Authority has deployed port staff to carry out operations in Labuan Port Authority.

This effort has carry out operations in Labuan Port Authority.
This effort has helped fulfill its responsibilities as a port helped fulfill its responsibilities as a port regulator and monitor the safety of the port operation.

regulator and monitor the safety of the port operation.
125 LAPORAN TAHUNAN 2020 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 125 02 VISI DAN MISI KORPORAT VISI DAN MISI KORPORAT Sebagai Pihak Berkuasa dan Badan Kawalselia Pelabuhan, Visi LPL adalah untuk menjadikan Pelabuhan Labuan sebagai pelabuhan yang paling efisien, selamat dan berdaya saing di Malaysia Timur.
Untuk merealisasikan visi tersebut, LPL telah merangka misi berikut: MISI Memastikan pengendalian operasi pelabuhan oleh pihak pengendali pelabuhan berjalan dengan lancar.

Memastikan pengguna pelabuhan mendapat perkhidmatan yang berkualti untuk keperluan Pulau Labuan.

Mengambil tindakan segera terhadap aduan dan mengambil kira pandangan orang awam mengenai perkhidmatan dan kemudahan di pelabuhan.
Melahirkan tenaga kerja professional, mahir dan terlatih untuk meningkatkan lagi mutu perkhidmatan dan produktiviti.

Memastikan pengguna pelabuhan mematuhi segala garis panduan pelabuhan dan menjalankan kerja-kerja pengendalian mengikut perundangan dan peraturan LPL.

Memajukan dan menggalakkan perkembangan, pembangunan dan infrastruktur pelabuhan untuk kemudahan penggunanya.

Mewujudkan kemudahan pelabuhan yang lengkap bagi memperbaiki prestasi pengendalian perkhidmatan kontena dan kargo pecah pukal.
OBJEKTIF Menjalankan aktiviti pengawalseliaan perkhidmatan pelabuhan yang berkualiti dan mampu berdaya saing di Malaysia Timur.

Memastikan sistem penyampaian perkhidmatan pelabuhan menepati kehendak untuk keperluan Pulau Labuan.

Memastikan pembangunan infrastruktur selari dengan kehendak pengguna dari masa ke semasa Menjadikan Pelabuhan Labuan sebagai nod yang cekap dalan rantaian pengangkutan Negara dan memberikan perkhidmatan tambah nilai.
126 LAPORAN TAHUNAN 2020 ANNUAL PORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 02 CORPORATE VISION AND MISSION CORPORATE VISION AND MISSION As a Port Authority and Regulatory body, LPA’s vision is to make Labuan Port the most efficient, safe, and competitive port East Malaysia.

To realize this vision, LPA has formulated the following missions: MISSIONS Ensuring the smooth throughput of port operations by the port operator.
Ensuring quality service provision in line with the needs of Labuan Island.

Taking immediate action on complaints and considering the public’s views on services and facilities at the port.

Producing a professional, skilled and trained workforce to further improve service quality and productivity.

Ensuring port users comply with all port guidelines and carry out operational work in accordance with LPA laws and regulations.
Promoting and accelerating the development of port facilities and infrastructure for users’ convenience.

Establishing comprehensive port facilities to improve the throughput performance of container and bulk cargo services.

OBJECTIVES To carry out regulatory activities for quality and competitive port services in East Malaysia.

To ensure that the port service delivery system meets the requirements of Labuan Island.
To ensure that the infrastructure development is in line with users’ needs from time to time.

To make Labuan Port an efficient node in the national transport chain and provide value-added services.
LAPORAN TAHUNAN 2020 ANNUAL PORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 127 03 AHLI-AHLI LEMBAGA PENGARAH / BOARD OF DIRECTORS AHLI-AHLI LEMBAGA PENGARAH / BOARD OF DIRECTORS PENGERUSI / CHAIRMAN Y.Bhg Datuk P Kamalanathan A/L P.Panchanathan Ahli Bebas (mula dari 9 Julai 2020 hingga 8 Julai 2022) Independent Member (from 9 July 2020 to 8 July 2022) TIMBALAN PENGERUSI / DEPUTY CHAIRMAN Y Bhg.
Datuk Chin Hong Vui Ahli Bebas (mula dari 8 Julai 2020 hingga 8 Julai 2021) Independent Member (from 8 July 2020 to 8 July 2021) AHLI-AHLI / BOARD MEMBER Zulkurnain Bin Ayub Pengurus Besar Lembaga Pelabuhan Bintulu (mula 18 April 2018 hingga sekarang) General Manager of Bintulu Port Authority (18 April 2018 until now) Ybrs Kapten Mohamad Halim Ahmad Setiausaha Bahagian (Maritim) , Kementerian Pengangkutan Malaysia (mula 1 Mei 2020 hingga 30 April 2021) Division Secretary (Maritime) , Ministry of Transport Malaysia (from 1 May 2020 to 30 April 2021) YBrs Abu Bakar Bin Hj.
Jambol Timbalan Setiausaha Bahagian (Operasi) Bahagian Dasar Saraan dan Pengurusan Kementerian Kewangan Malaysia (mula 23 April 2020 hingga 22 April 2021) Deputy Division Secretary (Operations) Remuneration Policy and Management Division Ministry of Finance Malaysia (from 23 April 2020 to 22 April 2021) 128 LAPORAN TAHUNAN 2020 ANNUAL PORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 03 AHLI-AHLI LEMBAGA PENGARAH / BOARD OF DIRECTORS YBrs Nor Shah Bin Mohamed Setiausaha Bahagian Perancangan Dasar Kementerian Wilayah Persekutuan (mula 9 Jun 2020 hingga 8 Jun 2021) Division Secretary Policy and Strategic Planning Division Ministry of Federal Territories (from 9 June 2020 to 8 June 2021) YBrs.
Dr Fary Akmal Osman Ketua Pegawai Eksekutif Perbadanan Labuan (mula 23 Jun 2020 hingga 22 Jun 2021) Chief Executive Officer Perbadanan Labuan (from 23rd June 2020 to 22nd June 2021) Y Bhg.

Datuk Khalid Bin A. Ghani Ahli Bebas (mula 9 Julai 2020 hingga 8 Julai 2021) Independent Member (from 9 July 2020 to 8 July 2021) YBrs.

Lee Wan Tung @ Lu Yen Tung Ahli Bebas (mula 9 Julai 2020 hingga 8 Julai 2021) Independent Member (from 9 July 2020 to 8 July 2021) YBrs.
Encik Abdullah Bin Omar Bledram Ahli Bebas (mula 9 Julai 2020 hingga 8 Julai 2021) Independent Member (from 9 July 2020 to 8 July 2021) LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 129 04 PRESTASI KESELURUHAN PRESTASI KESELURUHAN PELABUHAN LABUAN BUTIRAN OPERASI 2019 2020 PENCAPAIAN%+(-) KARGO DIKENDALIKAN (FWT) KONTENA (TEUS) SINGGAHAN KAPAL 378,209 24,125 329 152,684 13,657 296 (59.63) (43.39) (10.03) PRESTASI KENDALIAN KARGO KENDALIAN KARGO 2019 - 2020 TAHUN JUMLAH 2019 2020 378,209 152,684 %+(-) (59.63) Kendalian kargo di Dermaga Merdeka Pelabuhan Labuan telah mencatatkan penurunan sebanyak 59.63% iaitu 378,209 juta tan pada tahun 2019 kepada 152,684 pada 2020.
Faktor penyebab penurunan kendalian kargo di Pelabuhan Labuan ini adalah Pandemik Covid-19 yang mengakibatkan aktiviti ekonomi di pelbagai sektor terjejas dan juga penurunan harga minyak global yang turut memberi kesan kepada industri minyak dan gas di Wilayah Persekutuan Labuan.

Penutupan sempadan negara turut menjadi penyumbang penurunan ketara kendalian kargo di Pelabuhan Labuan dimana telah menyebabkan aktiviti pindah kapal tidak dapat dijalankan.
130 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 04 OVERALL PERFORMANCE OVERALL PERFORMANCE OF LABUAN PORT OPERATION DETAIL 2019 2020 PERFORMANCE%+(-) CARGO THROUGHPUT (FWT) CONTAINER THROUGHPUT (TEUS) VESSEL CALLS 378,209 24,125 329 152,684 13,657 296 (59.63) (43.39) (10.03) CARGO THROUGHPUT PERFORMANCE CARGOS THROUGHPUT 2019 - 2020 YEAR TOTAL 2019 2020 378,209 152,684 %+(-) (59.63) The cargo throughput in Labuan Liberty Port recorded a decrease of 59.63% from 378,209 million tons in 2019 to 152,684 in 2020.
The Covid-19 pandemic has caused a major decline in the cargo throughput in Labuan Port.

The pandemic has affected economic activities in various sectors and caused a decline in global oil prices.

This situation has affected the oil and gas industry in the Federal Territory of Labuan.

The closure of national borders has also hindered ship-to-ship trans- fer activities, contributing to a significant decrease in cargo throughput.
LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 131 04 PRESTASI KESELURUHAN 04 PRESTASI KESELURUHAN PRESTASI KENDALIAN KONTENA PRESTASI KENDALIAN KONTENA KENDALIAN KONTENA 2019 - 2020 KENDALIAN KONTENA 2019 - 2020 TAHUN TAHUN JUMLAH (TEUs) JUMLAH (TEUs) 2019 2019 24,125 24,125 2020 2020 13,657 13,657 %+(-) %+(-) (43.39) (43.39) Kendalian kontena di Pelabuhan Labuan menurun sebanyak 43.39% daripada 24,125 TEUs Kendalian kontena di Pelabuhan Labuan menurun sebanyak 43.39% daripada 24,125 TEUs kepada 13,657 TEUs pada tahun 2020.
Faktor penurunan kendalian kontena adalah disebabkan kepada 13,657 TEUs pada tahun 2020.

Faktor penurunan kendalian kontena adalah disebabkan oleh penurunan permintaan pasaran dan kelembapan sektor ekonomi akibat dari Perintah oleh penurunan permintaan pasaran dan kelembapan sektor ekonomi akibat dari Perintah Kawalan Pergerakan yang telah dilaksanakan pada tahun ini.

Kawalan Pergerakan yang telah dilaksanakan pada tahun ini.
Perunan ketara ini juga disebabkan oleh ketiadaan kargo pindah kapal yang berpunca dari Penurunan ketara ini juga disebabkan oleh ketiadaan kargo pindah kapal yang berpunca penutupan sempadan negara.

dari penutupan sempadan negara.


PRESTASI SINGGAHAN KAPAL PRESTASI SINGGAHAN KAPAL SINGGAHAN KAPAL 2019 - 2020 SINGGAHAN KAPAL 2019 - 2020 TAHUN TAHUN JUMLAH JUMLAH 2019 2019 329 329 2020 2020 296 296 %+(-) %+(-) (10.03) (10.03) Singgahan kapal di Pelabuhan Labuan telah mencatatkan penurunan sebanyak 10.03% Singgahan kapal di Pelabuhan Labuan telah mencatatkan penurunan sebanyak 10.03% daripada 329 pada 2019 kepada 296 pada 2020.
Bilangan singgahan kapal adalah disebabkan daripada 329 pada 2019 kepada 296 pada 2020.

Bilangan singgahan kapal adalah disebabkan permintaan pasaran yang perlahan disebabkan oleh Perintah Kawalan Pergerakan yang permintaan pasaran yang perlahan disebabkan oleh Perintah Kawalan Pergerakan yang dilaksanakan sepanjang tempoh Pandemik Covid-19.

Permintaan yang rendah untuk minyak dan dilaksanakan sepanjang tempoh Pandemik Covid-19.
Permintaan yang rendah untuk minyak dan gas turut memberi kesan kepada singgahan kapal ke Pelabuhan Labuan pada tahun ini.

gas turut memberi kesan kepada singgahan kapal ke Pelabuhan Labuan pada tahun ini.
132 132 LAPORAN TAHUNAN 2020 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 04 OVERALL PERFORMANCE 04 OVERALL PERFORMANCE CONTAINER THROUGHPUT PERFORMANCE CONTAINER THROUGHPUT PERFORMANCE CONTAINER THROUGHPUT 2019 - 2020 CONTAINER THROUGHPUT 2019 - 2020 YEAR YEAR TOTAL (TEUs) TOTAL (TEUs) 2019 2019 24,125 24,125 2020 2020 13,657 13,657 %+(-) %+(-) (43.39) (43.39) Container throughput in Labuan Liberty Port decreased by 43.39% from 24,125 TEUs to 13,657 Container throughput in Labuan Liberty Port decreased by 43.39% from 24,125 TEUs to 13,657 TEUs in 2020.
The decline in container throughput was due to declining market demand and the TEUs in 2020.

The decline in container throughput was due to declining market demand and the slowdown in the economic sector due to the implementation of the Movement Control Order this slowdown in the economic sector due to the implementation of the Movement Control Order this year.

This significant decline was also due to the absence of cargo transfer to ships attributed to year.
This significant decline was also due to the absence of cargo transfer to ships attributed to the closure of international borders.

the closure of international borders.


VESSEL CALLS PERFORMANCE VESSEL CALLS PERFORMANCE VESSEL CALLS 2019 - 2020 VESSEL CALLS 2019 - 2020 YEAR YEAR TOTAL TOTAL 2019 2019 329 329 2020 2020 296 296 %+(-) %+(-) (10.03) (10.03) Vessel calls in Labuan Port have recorded a decrease of 10.03% from 329 in 2019 to 296 in Vessel calls in Labuan ports have recorded a decrease of 10.03% from 329 in 2019 to 296 in 2020.

The number of vessel calls is due to slower market demand due to the Movement Control 2020.
The number of vessel calls is due to slower market demand due to the Movement Control Orders implemented during the Covid-19 Pandemic.

The low demand for oil and gas has also Orders implemented during the Covid-19 Pandemic.

The low demand for oil and gas has also affected vessel calls to Labuan Port this year.

affected vessel calls to Labuan Port this year.
LAPORAN TAHUNAN 2020 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 133 133 04 PRESTASI KESELURUHAN PEMBANGUNAN MODAL INSAN Perancangan dan pembangunan modal insan terus dilaksanakan oleh Lembaga Pelabuhan Labuan bagi melahirkan tenaga kerja yang professional, kompetan, berintegriti, berdaya saing dan berprestasi tinggi dalam usaha menjadikan Pelabuhan Labuan sebagai pelabuhan yang efektif dan efisien.
Pada tahun 2020, pihak pengurusan Lembaga Pelabuhan Labuan telah melantik tiga orang kakitangan kontrak bagi melaksanakan tugas di ibu pejabat LPL di Dermaga Merdeka Wilayah Persekutuan Labuan.

Perlantikan kakitangan kontrak ini adalah bagi membantu pihak pengurusan dalam urusan penting seperti pentadbiran dan juga kewangan.

Pertambahan kakitangan ini membolehkan perkhidmatan di Lembaga Pelabuhan Labuan lebih lancar dan juga efisien dalam melaksanakan operasi seharian.
PEMBANGUNAN PELABUHAN Semenjak pemanjangan fungsi pada 26 Januari 2017, langkah pertama Lembaga Pelabuhan Labuan dalam membangunkan pelabuhan adalah mewujudkan ibu pejabat Lembaga Pelabuhan Labuan.

Pejabat ini terletak di Aras 3 di bangunan Ibu Pejabat Jabatan Laut Wilayah Persekutuan Labuan.

Selaras dengan itu, Lembaga Pelabuhan Labuan dalam proses memperbaiki mutu perkhidmatan Jeti Dermaga Merdeka bagi memenuhi keperluan komuniti tempatan di Wilayah Persekutuan Labuan.
Untuk memastikan prestasi perkhidmatan Jeti Dermaga Merdeka berada pada tahap optimum pada setiap masa, Lembaga Pelabuhan Labuan akan mengubal prestasi piawaian perkhidmatan secara berperingkat untuk setiap jenis perkhidmatan di Jeti Dermaga Merdeka.
Selari dengan itu juga, Lembaga Pelabuhan Labuan akan merancang dasar pembangunan Pelabuhan Labuan untuk pelan jangka masa pendek dan pelan jangka masa panjang bagi memastikan Pelabuhan Labuan tidak ketinggalan dalam menjadi salah satu pelabuhan penting di dalam negara Malaysia.
134 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 04 OVERALL PERFORMANCE HUMAN RESOURCE DEVELOPMENT The Labuan Port Authority has continued its human resource planning and development activities to produce a professional, competent, integrity, competitive, and high-performing workforce to ensure the effectiveness and efficiency of the Labuan port.
In 2020, the management of Labuan Port Authority had appointed three contract staff to perform duties at the LPA headquarters in Labuan Liberty Port, Federal Territory of Labuan.

The appointed contract staff will assist the management in handling critical matters such as administration and finance.

The hiring of additional staff helps streamline Labuan Port Authority services and increases efficiency in its daily operations.
PORT DEVELOPMENT Since the extension of its function on 26 January 2017, the Labuan Port Authority has taken the first step in developing the port by establishing its headquarters.

This office is located on Level 3 of the Labuan Federal Territory Marine Department Headquarters building.

The Labuan Port Authority is also in the process of improving the service quality of the Labuan Liberty Port to meet the needs of the local community in the Federal Territory of Labuan.
Moreover, to ensure that the service performance of Labuan Liberty Port is at the optimum level at all times, the Labuan Port Authority is in the midst of formulating the performance service standards in stages for each type of service offered in Labuan Liberty Port.
The Labuan Port Authority is also planning long-term and short-term port development policy plans to ensure that Labuan Port is on the right path to becoming one of Malaysia’s important ports LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 135 05 DIARI KORPORAT 05 DIARI KORPORAT DIARI KORPORAT DIARI KORPORAT MAC / MARCH 2020 MAC / MARCH 2020 3 MAC- MAJLIS MENANDATANGANI PERJANJIAN DIANTARA LEMBAGA PELABUHAN LABUAN DAN STRAITS INTER 3 MAC- MAJLIS MENANDATANGANI PERJANJIAN DIANTARA LEMBAGA PELABUHAN LABUAN DAN STRAITS INTER LOGISTIC BERHAD.
LOGISTIC BERHAD.

3 MARCH – AGREEMENT SIGNING CEREMONY BETWEEN LABUAN PORT AUTHORITY AND STRAITS INTER LOGISTIC 3 MARCH – SIGNING OF AGREEMENT BETWEEN LABUAN PORT AUTHORITY AND STRAITS INTER LOGISTIC BERHAD.

BERHAD.
BERHAD.

OGOS / AUGUST 2020 OGOS / AUGUST 2020 7 OGOS- LAWATAN KERJA DATUK P.KAMALANATHAN PENGERUSI LEMBAGA PELABUHAN LABUAN KE PELABUHAN 7 OGOS- LAWATAN KERJA DATUK P.KAMALANATHAN PENGERUSI LEMBAGA PELABUHAN LABUAN KE PELABUHAN LABUAN LABUAN 7 AUGUST - WORKING VISIT OF DATUK P.KAMALANATHAN, THE CHAIRMAN OF LABUAN PORT AUTHORITY TO LABUAN 7 AUGUST - WORKING VISIT OF DATUK P.KAMALANATHAN, THE CHAIRMAN OF LABUAN PORT AUTHORITY TO LABUAN PORT.

PORT.
136 136 LAPORAN TAHUNAN 2020 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN PENYATA KEWANGAN FINANCIAL STATEMENTS LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 137 06 PENYATA KEWANGAN 138 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 06 PENYATA KEWANGAN LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 139 06 PENYATA KEWANGAN 140 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 06 PENYATA KEWANGAN LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 141 06 PENYATA KEWANGAN 143 144 145 146 147 148 149 150-151 152-166 167 168 142 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 06 PENYATA KEWANGAN LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 143 06 PENYATA KEWANGAN 144 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 06 PENYATA KEWANGAN LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 145 06 PENYATA KEWANGAN LEMBAGA PELABUHAN LABUAN (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981 - Perintah Lembaga Pelabuhan Bintulu (Perluasan Fungsi) 2017) PENYATA KEDUDUKAN KEWANGAN PADA 31 DISEMBER 2020 Nota 2020 RM 2019 RM ASET ASET SEMASA Urus niaga pertukaran belum
 terima Pelbagai akaun belum terima dan deposit Pelaburan jangka pendek Baki di bank Jumlah Aset Semasa ASET BUKAN SEMASA Hartanah, loji dan peralatan Jumlah Aset Bukan Semasa Jumlah Aset LIABILITI LIABILITI SEMASA Pelbagai akaun belum bayar dan perbelanjaan terakru Pemiutang sewa diterima terdahulu Bantuan kewangan Urus niaga pertukaran belum bayar Cukai semasa Jumlah Liabiliti Semasa LIABILITI BUKAN SEMASA Bantuan kewangan Liabiliti cukai tertunda Jumlah Liabiliti Bukan Semasa Jumlah Liabiliti ASET/(LIABILITI)
 BERSIH ASET/(LIABILITI) BERSIH Keuntungan/(Kerugian) terkumpul Jumlah Aset/(Liabiliti) Bersih 1,067,160 48,682 3,400,000 31,060 4,546,902 272,713 272,713 4,819,615 370,285 90,000 - - 4,433 464,718 - 22,951 22,951 487,669 4,331,946 64,800 44,478 200,034 24,583 333,895 390,935 390,935 724,830 78,045 64,800 1,000,000 524 - 1,143,369 5,510,898 21,719 5,532,617 6,675,986 (5,951,156) 4,331,946 4,331,946 (5,951,156) (5,951,156) - 146 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 06 PENYATA KEWANGAN LEMBAGA PELABUHAN LABUAN (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981 - Perintah Lembaga Pelabuhan Bintulu (Perluasan Fungsi) 2017) PENYATA PRESTASI KEWANGAN BAGI TAHUN BERAKHIR 31 DISEMBER 2020 HASIL Urus niaga bukan pertukaran Urus niaga pertukaran Jumlah Hasil PERBELANJAAN MENGURUS Perkhidmatan dan bekalan Bayaran balik dan hapus kira Susut nilai hartanah, loji dan peralatan Perbelanjaan lain-lain Kos kewangan Jumlah Perbelanjaan LEBIHAN/(KURANGAN) SEBELUM CUKAI Cukai LEBIHAN/(KURANGAN) BERSIH BAGI TAHUN Diagihkan kepada: Pemilik yang mengawal entiti Nota 2020 RM 2019 RM 14 15 16 8 17 18 19 20 7,836,898 4,387,692 12,224,590 1,809,608 - 118,222 7,993 - 1,935,823 - 803,687 803,687 1,950,458 1,664 118,339 12,540 316,897 2,399,898 10,288,767 (1,596,211) (5,665) 10,283,102 (1,246) (1,597,457) 10,283,102 (1,597,457) LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN
 147 06 PENYATA KEWANGAN LEMBAGA PELABUHAN LABUAN (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981 - Perintah Lembaga Pelabuhan Bintulu (Perluasan Fungsi) 2017) PENYATA PERUBAHAN ASET BERSIH BAGI TAHUN BERAKHIR 31 DISEMBER 2020 Baki pada 1 Januari 2019 Kurangan bersih bagi tahun Baki pada 31 Disember 2019 Baki pada 1 Januari 2020 Lebihan bersih bagi tahun Baki pada 31 Disember 2020 Keuntungan terkumpul RM Jumlah RM (4,353,699) (1,597,457) (5,951,156) (5,951,156) 10,283,102 4,331,946 (4,353,699)
 (1,597,457) (5,951,156) (5,951,156) 10,283,102 4,331,946 148 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 06 PENYATA KEWANGAN LEMBAGA PELABUHAN LABUAN (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981 - Perintah Lembaga Pelabuhan Bintulu (Perluasan Fungsi) 2017) PENYATA ALIRAN TUNAI BAGI TAHUN BERAKHIR 31 DISEMBER 2020 ALIRAN TUNAI DARI AKTIVITI OPERASI Lebihan/(Kurangan) sebelum cukai Pelarasan untuk:- Bayaran balik dan hapus kira Susut nilai hartanah, loji dan peralatan Keuntungan dari pelaburan Hasil kewangan (Reversi) untuk bayaran hutang LPL Perbelanjaan faedah Pertambahan/(Pengurangan) operasi sebelum perubahan modal kerja Perubahan dalam modal kerja:- Perubahan dalam urus niaga pertukaran belum terima Perubahan dalam pelbagai akaun belum terima dan deposit Perubahan dalam perbelanjaan terakru Tunai dijanakan daripada/(digunakan untuk) aktiviti operasi Faedah diterima Tunai bersih dijanakan daripada/(digunakan untuk) aktiviti operasi ALIRAN TUNAI DARI AKTIVITI PELABURAN Pembelian hartanah, loji dan peralatan Pelarasan dari aset ke perbelanjaan Tunai bersih (digunakan) untuk aktiviti pelaburan ALIRAN TUNAI DARI AKTIVITI PEMBIAYAAN Bantuan kewangan diterima Tunai bersih dijana daripada aktiviti pelaburan Pertambahan/(pengurangan) bersih tunai dan kesetaraan tunai Tunai dan kesetaraan tunai pada awal tahun Tunai dan kesetaraan tunai pada akhir tahun TUNAI DAN KESETARAAN TUNAI TERDIRI DARIPADA:- Baki di bank
 Pelaburan jangka pendek-STMMD* *STMMD - Short term money market deposit 2020 RM 2019 RM 10,288,767 (1,596,211) - 118,222 (17,265) (7,326,000) (510,898) - 2,552,826 (1,002,360) (3,939) 316,916 1,863,443 17,000 1,880,443 - - - 1,326,000 1,326,000 3,206,443 224,617 3,431,060 31,060 3,400,000 3,431,060 1,664 118,339 (22,415) - - 316,897 (1,181,726) - 119,286 1,791 (1,060,649) 22,415 (1,038,234) (9,300) 1,112 (8,188) - - (1,046,422) 1,271,039 224,617 24,583 200,034 224,617 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020
 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 149 06 PENYATA KEWANGAN 06 PENYATA KEWANGAN LEMBAGA PELABUHAN LABUAN LEMBAGA PELABUHAN LABUAN (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981) (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981) PENYATA PERBANDINGAN BAJET DAN AMAUN SEBENAR PENYATA PERBANDINGAN BAJET DAN AMAUN SEBENAR JUMLAH BAJET JUMLAH BAJET ASAL ASAL RM RM AKHIR AKHIR RM RM JUMLAH JUMLAH SEBENAR SEBENAR RM RM * VARIAN * VARIAN BAJET AKHIR BAJET AKHIR DAN SEBENAR DAN SEBENAR RM RM *VARIAN *VARIAN PERATUSAN PERATUSAN NOTA NOTA % % - - - - 7,836,898 7,836,898 (7,836,898) (7,836,898) 100.00 100.00 PENERIMAAN PENERIMAAN Urus niaga bukan pertukaran Urus niaga bukan pertukaran Urus niaga pertukaran Urus niaga pertukaran Sewaan Sewaan Tarif Tarif 777,600 777,600 6,670,000 6,670,000 1,054,400 1,054,400 10,330,462 10,330,462 Keuntungan dari pelaburan Keuntungan dari pelaburan Lain-lain Lain-lain - - - - - - - - 1,054,400 1,054,400 3,315,808 3,315,808 17,265 17,265 219 219 - - 7,014,654 7,014,654 (17,265) (17,265) (219) (219) 0.00 0.00 211.55 211.55 -100.00 -100.00 -100.00 -100.00 JUMLAH PENERIMAAN JUMLAH PENERIMAAN 7,447,600 7,447,600 11,384,862 11,384,862 12,224,590 12,224,590 PEMBAYARAN PEMBAYARAN Perkhidmatan dan bekalan Perkhidmatan dan bekalan Perbelanjaan lain-lain Perbelanjaan lain-lain Dasar Baharu/ One-off Dasar Baharu/ One-off JUMLAH PEMBAYARAN JUMLAH PEMBAYARAN 2,182,587 2,182,587 21,710 21,710 851,972 851,972 3,056,269 3,056,269
PENERIMAAN BERSIH PENERIMAAN BERSIH 4,391,331 4,391,331 7,946,461 7,946,461 10,406,989 10,406,989 *Merujuk kepada varian di antara Jumlah Bajet Akhir dan Jumlah Sebenar.
Nota penjelasan bagi varian yang melebihi 20% Nota penjelasan bagi varian yang melebihi 20% i Urus niaga bukan pertukaran i Urus niaga bukan pertukaran i i ii ii iii iii iii iii iv iv v v iv iv Bantuan kewangan daripada Lembaga Pelabuhan Bintulu (LPB) berjumlah RM7,836,898 ini terdiri daripada tiga (3) sumber seperti berikut:- Bantuan kewangan daripada Lembaga Pelabuhan Bintulu (LPB) berjumlah RM7,836,898 ini terdiri daripada tiga (3) sumber seperti berikut:- (a) 'Geran Permulaan' yang telah dipinda kepada 'Bantuan Kewangan' berjumlah RM6 juta.
Bantuan kewangan ini dikenakan kadar keuntungan (a) 'Geran Permulaan' yang telah dipinda kepada 'Bantuan Kewangan' berjumlah RM6 juta.
Bantuan kewangan ini dikenakan kadar keuntungan sebanyak 5% setahun dan tidak bercagar dan dinyatakan sebagai liabiliti; sebanyak 5% setahun dan tidak bercagar dan dinyatakan sebagai liabiliti; (b) Faedah bantuan kewangan yang dikenakan seperti perenggan di atas berjumlah RM510,898; dan (b) Faedah bantuan kewangan yang dikenakan seperti perenggan di atas berjumlah RM510,898; dan (c) Dana sumbangan LPB kepada Lembaga Pelabuhan Labuan (LPL) berjumlah RM1.326 juta yang merupakan sumbangan yang dimohon oleh (c) Dana sumbangan LPB kepada Lembaga Pelabuhan Labuan (LPL) berjumlah RM1.326 juta yang merupakan sumbangan yang dimohon oleh LPL daripada LPB bagi menampung kos operasi semasa tempoh peralihan.


Bantuan Kewangan ini pada asalnya dinyatakan sebagai hutang LPL kepada LPB (liabiliti) kerana terdapat unsur bayaran balik.

Bantuan Kewangan ini pada asalnya dinyatakan sebagai hutang LPL kepada LPB (liabiliti) kerana terdapat unsur bayaran balik.
Merujuk kepada pandangan undang-undang Penasihat Undang-Undang Kementerian Pengangkutan Malaysia berhubung keteraturan geran Merujuk kepada pandangan undang-undang Penasihat Undang-Undang Kementerian Pengangkutan Malaysia berhubung keteraturan geran permulaan atau bantuan kewangan sebanyak RM6 juta bagi tahun 2017 dan tahun 2018 yang telah disalurkan oleh LPB kepada LPL melalui permulaan atau bantuan kewangan sebanyak RM6 juta bagi tahun 2017 dan tahun 2018 yang telah disalurkan oleh LPB kepada LPL melalui memo rujukan MOT.100-1/1/1 JLD.4(54) bertarikh 4 Disember 2020 seperti di perenggan 29 (d) berikut: memo rujukan MOT.100-1/1/1 JLD.4(54) bertarikh 4 Disember 2020 seperti di perenggan 29 (d) berikut: "(d) walau bagaimanapun, Pejabat ini berpandangan jumlah tersebut boleh ditafsirkan sebagai satu caj yang perlu dibayar oleh LPB kepada "(d) walau bagaimanapun, Pejabat ini berpandangan jumlah tersebut boleh ditafsirkan sebagai satu caj yang perlu dibayar oleh LPB kepada LPL bagi tujuan melepaskan fungsi LPB di bawah Perintah Pemanjangan tersebut dengan menggunakan hasil LPB pada tahun yang LPL bagi tujuan melepaskan fungsi LPB di bawah Perintah Pemanjangan tersebut dengan menggunakan hasil LPB pada tahun yang berkenaan di bawah perenggan 13(2)(b) Akta 243 atas alasan-alasan seperti berikut: berkenaan di bawah perenggan 13(2)(b) Akta 243 atas alasan-alasan seperti berikut: (i) sebagaimana yang telah diperincikan dalam perenggan 27 Memo ini, Pejabat ini berpandangan salah satu fungsi LPB adalah untuk (i)
 sebagaimana yang telah diperincikan dalam perenggan 27 Memo ini, Pejabat ini berpandangan salah satu fungsi LPB adalah untuk mentadbir dan menjaga Pelabuhan Wilayah Persekutuan Labuan dan Pelabuhan Teluk Victoria; mentadbir dan menjaga Pelabuhan Wilayah Persekutuan Labuan dan Pelabuhan Teluk Victoria; ini ini (ii) (ii) juga adalah selaras dengan pengesahan daripada LPB, Jumlah tersebut adalah diambil daripada akaun LPB yang berpunca juga adalah selaras dengan pengesahan daripada LPB, Jumlah tersebut adalah diambil daripada akaun LPB yang berpunca daripada hasil serta pendapatan LPB melalui faedah simpanan tetap LPB, sewa pajakan tanah LPB dan sewa pajakan tanah daripada daripada hasil serta pendapatan LPB melalui faedah simpanan tetap LPB, sewa pajakan tanah LPB dan sewa pajakan tanah daripada operator LPB dan dibayar ke akaun LPL bagi maksud kegunaan untuk membayar perbelanjaan LPL seperti pembayaran perbelanjaan operator LPB dan dibayar ke akaun LPL bagi maksud kegunaan untuk membayar perbelanjaan LPL seperti pembayaran perbelanjaan kakitangan yang bertugas di LPL."


dan pandangan Jabatan Audit Negara melalui surat rujukan AUDIT/W/427:8/16/1 Jld.6 (3) bertarikh 12 April 2021 seperti di perenggan 2 iii.

dan pandangan Jabatan Audit Negara melalui surat rujukan AUDIT/W/427:8/16/1 Jld.6 (3) bertarikh 12 April 2021 seperti di perenggan 2 iii.

berikut:- berikut:- ( ) "iii.

Sejumlah RM6 juta yang diberikan kepada LPL boleh diiktiraf sebagai perbelanjaan LPB dalam tahun kewangan 2020.” "iii.
Sejumlah RM6 juta yang diberikan kepada LPL boleh diiktiraf sebagai perbelanjaan LPB dalam tahun kewangan 2020.” Sehubungan itu, bantuan kewangan ini dipinda kepada hasil pada tahun 2020 dan perkara ini tidak dibajetkan atas sebab pandangan ini baharu Sehubungan itu, bantuan kewangan ini dipinda kepada hasil pada tahun 2020 dan perkara ini tidak dibajetkan atas sebab pandangan ini baharu diperolehi pada 12 April 2021. diperolehi pada 12 April 2021.
150 150 LAPORAN TAHUNAN 2020 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 06 PENYATA KEWANGAN LEMBAGA PELABUHAN LABUAN (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981) PENYATA PERBANDINGAN BAJET DAN AMAUN SEBENAR Nota penjelasan bagi varian yang melebihi 20% (sambungan) ii Urus niaga pertukaran - Tarif Terdapat perbezaan ketara pada varian pendapatan hasil daripada tarif disebabkan oleh jumlah yang dibajetkan di bawah caj pesisir depan iaitu sejumlah RM6,800,000 tidak dapat direalisasikan berikutan kelembapan ekonomi kesan Perintah Kawalan Pergerakan (PKP) disebabkan oleh pandemik Covid-19 yang melanda negara.
iii Urus niaga pertukaran - Keuntungan dari pelaburan dan Lain-lain Keuntungan dari pelaburan ini merupakan faedah dan dividen daripada pelaburan jangka pendek (short term money market deposits - STMMD).

Bajet ini tidak disediakan semasa penyediaan bajet tahun 2020 dibuat atas sebab pada ketika itu, Undang-Undang Kecil Lembaga Pelabuhan Labuan (Pelabuhan Teluk Victoria) (Skala Kadar, Dius dan Caj) 2020 melalui P.U.
(A) 108 belum diwartakan dan jumlah tunai LPL pada ketika itu hanya cukup untuk menampung kos operasi LPL tahun semasa.
Lain-lain pendapatan merupakan rebat bayaran insurans kenderaan LPL yang diterima pada tahun 2020. iv Perkhidmatan dan bekalan & Bajet Dasar Baharu/ One-Off Bajet perkhidmatan dan bekalan pada tahun 2020 tidak dapat dibelanjakan sepenuhnya pada tahun 2020 berikutan PKP dan Perintah Kawalan Pergerakan Bersyarat (PKPB) bagi Negeri-Negeri tertentu yang diisytiharkan oleh Kerajaan menyebabkan kebanyakan mesyuarat diadakan secara persidangan video (video conferencing) dan seterusnya mengurangkan pergerakan pegawai untuk menghadiri mesyuarat.
Manakala, Bajet Dasar Baharu/ One-Off tidak dapat dibelanjakan sepenuhnya atas sebab kebanyakan projek yang dicadangkan di bawah Bajet Dasar One-Off tidak sempat dilaksanakan pada tahun 2020 berikutan PKP pada awal tahun 2020 dan PKPB selepas tempoh tersebut.

v Perbelanjaan lain-lain Ia adalah disebabkan oleh peruntukan cukai tanah berjumlah RM10,000 hanya dibelanjakan sebanyak RM840 susulan daripada pindah peruntukan daripada bajet kod ini untuk menampung kos duti setem.
LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 151 06 PENYATA KEWANGAN LEMBAGA PELABUHAN LABUAN (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981 - Perintah Lembaga Pelabuhan Bintulu (Perluasan Fungsi) 2017) NOTA-NOTA KEPADA PENYATA KEWANGAN BAGI TAHUN BERAKHIR 31 DISEMBER 2020 1.

Maklumat Am 1.1 Penubuhan Lembaga telah ditubuhkan pada 31 Januari 2017 melalui Perluasan Kuasa Lembaga Pelabuhan Bintulu di bawah Akta 243, Akta Lembaga Pelabuhan Bintulu 1981.
Pelabuhan Labuan sebelum ini dikawalselia oleh Jabatan Laut Malaysia Wilayah Persekutuan Labuan di bawah: i. ii.

Merchant Shipping Ordinance (MSO) 1952 Section 474 to 485; dan Boat Rules, 1953 ( No.

70/1952).

Had kawasan pelabuhan meliputi seluruh kepulauan Labuan.
Melalui surat rujukan MOT.BM(S).600-2/9/4(6) bertarikh 13 Oktober 2016, Kementerian Pengangkutan Malaysia (MOT) telah mengarahkan pengambilalihan operasi pelabuhan Labuan daripada Jabatan Laut Malaysia, Wilayah Persekutuan Labuan dengan mewujudkan Badan Kawalselia Pelabuhan yang baharu (digayakan dengan nama Lembaga Pelabuhan Labuan).

1.2 Kegiatan Utama Lembaga berfungsi sebagai sebuah badan berkanun dan juga sebagai badan pengawalselia pelabuhan.
Pembangunan, pentadbiran, pemasaran dan pembekal perkhidmatan pelabuhan merupakan skop utama Lembaga.

Ini bagi memastikan Pelabuhan Labuan berfungsi sebagai pintu masuk kapal-kapal dagang yang efisien dan efektif sejajar dengan deklarasi ke atas Labuan sebagai Pusat Kewangan Luar Pesisir Antarabangsa (International Offshore Financial Centre) pada 1 Oktober 1990.
1.3 Mata Wang Fungsian untuk Penyata Kewangan Penyata kewangan ini dibentangkan dalam Ringgit Malaysia ("RM") yang merupakan mata wang fungsian dan persembahan Lembaga.

2.

Tarikh Penyata Kewangan Diluluskan Penyata Kewangan ini telah dibentangkan dan diluluskan oleh Lembaga Pengarah Lembaga pada tarikh 22 April 2021.

3.
3.

Dasar Perakaunan 3.1 Asas Penyediaan Penyata Kewangan Penyata Kewangan Lembaga telah disediakan mengikut Piawaian Perakaunan Sektor Awam Malaysia (MPSAS) dan peruntukan - peruntukan di bawah Port Authorities Act 1963, serta menurut kelaziman kos sejarah.

Penyediaan penyata kewangan memerlukan pertimbangan, anggaran dan andaian yang memberi kesan kepada penggunaan dasar dan amaun bagi aset, liabiliti, hasil dan belanja yang dilaporkan.

Anggaran dan andaian yang digunakan akan disemak secara berterusan.
Semakan semula kepada anggaran perakaunan akan diiktiraf dalam tempoh anggaran tersebut disemak, jika semakan semula hanya memberi kesan kepada tempoh tersebut, atau dalam tempoh semakan dan tempoh masa hadapan sekiranya semakan semula memberi kesan kepada tempoh semasa dan masa yang akan datang.

Sekiranya terdapat pertimbangan, anggaran dan andaian yang akan memberi kesan signifikan kepada amaun yang diiktiraf dalam penyata kewangan ia akan didedahkan di dalam Nota 3.15 kepada penyata kewangan.
3.2 Perubahan Dalam Dasar Perakaunan Tiada piawaian perakaunan baru ataupun dipinda yang telah berkuat kuasa di dalam tahun kewangan semasa yang memberi kesan ketara kepada penyata kewangan Lembaga.

Tiada piawaian perakaunan baru ataupun dipinda yang telah diterbitkan tetapi belum berkuat kuasa yang akan memberi kesan ketara kepada penyata kewangan Lembaga.
152 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 06 PENYATA KEWANGAN LEMBAGA PELABUHAN LABUAN (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981 - Perintah Lembaga Pelabuhan Bintulu (Perluasan Fungsi) 2017) NOTA-NOTA KEPADA PENYATA KEWANGAN BAGI TAHUN BERAKHIR 31 DISEMBER 2020 3.

Dasar Perakaunan (Sambungan) 3.3 Hartanah, loji dan peralatan Hartanah, loji dan peralatan dinyatakan pada nilai kos.
Hartanah, loji dan peralatan kemudiannya dinyatakan pada kos setelah ditolak susut nilai terkumpul dan kerugian rosotnilai terkumpul, jika ada.

Kos termasuk semua kos langsung yang terlibat untuk membawa aset tersebut ke lokasi dan keadaan yang membolehkannya beroperasi dalam cara yang dikehendaki oleh pihak pengurusan.

Kos penggantian bagi mana-mana aset yang memerlukan penggantian secara berkala akan dipermodalkan manakala nilai dibawa bagi bahagian yang diganti tersebut akan dinyahiktirafkan.
Kos-kos perkhidmatan harian akan diiktiraf sebagai perbelanjaan dalam penyata prestasi kewangan.

Jika sesuatu aset diperolehi melalui urus niaga bukan pertukaran, kos hendaklah diukur berdasarkan nilai saksama pada tarikh perolehan.

Aset-aset ini kemudiannya akan dikreditkan di dalam penyata prestasi kewangan, melainkan jika terdapat syarat-syarat mengenai penggunaan aset tersebut, di mana ia perlu diiktirafkan di dalam liabiliti semasa.
Nilai dibawa item hartanah, loji dan peralatan hendaklah dinyahiktirafkan semasa pelupusan atau apabila tiada manfaat ekonomi masa hadapan atau potensi perkhidmatan yang dijangkakan daripada penggunaan atau pelupusannya.

Keuntungan atau kerugian atas nyahiktiraf hartanah, loji dan peralatan adalah ditentukan dengan membandingkan nilai pelupusan bersih dengan nilai dibawa aset di mana perbezaannya akan diambil kira sebagai keuntungan atau kerugian di dalam penyata prestasi kewangan.
Hartanah, loji dan peralatan disusut nilai berasaskan kaedah garis lurus untuk menghapus kira kos aset tersebut berdasarkan anggaran hayat berguna aset-aset berkenaan.
Kaedah susut nilai yang digunakan dan jangka hayat berguna bagi kategori hartanah, loji dan peralatan masing- masing adalah seperti berikut: Perisian komputer dan lain-lain Perkakas pejabat Kenderaan bermotor Perabot dan kelengkapan Kadar tahunan 33% 10% 20% 10% Jika terdapat tanda perubahan yang ketara dalam faktor-faktor yang memberi kesan kepada nilai sisa, jangkaan hayat atau corak berguna aset sejak tarikh laporan tahunan lepas, nilai sisa, kaedah susut nilai dan hayat berguna aset yang boleh disusut nilai akan disemak semula dan Hartanah, loji dan peralatan yang dibeli bernilai kurang daripada RM2,000 setiap satu diambil kira sebagai perbelanjaan di dalam penyata prestasi kewangan.
3.4 Rosotnilai aset bukan kewangan 3.4.1 Aset Penjanaan Tunai Pada setiap tarikh penyata kedudukan kewangan, Lembaga mengkaji semula nilai dibawa bagi aset-asetnya untuk menentukan sama ada terdapat sebarang petunjuk kemerosotan nilai.

Jika sebarang petunjuk wujud, rosotnilai dikira dengan membandingkan nilai dibawa aset dengan amaun boleh pulih.

Amaun boleh pulih adalah nilai tertinggi di antara nilai saksama ditolak kos untuk dijual dan nilai dalam penggunaan.
Dalam menentukan nilai dalam penggunaan, aliran tunai masa hadapan akan didiskaun kepada nilai semasanya menggunakan kadar diskaun sebelum cukai yang menggambarkan nilai pasaran semasa nilai masa wang dan risiko khusus kepada aset tersebut.

Di dalam menentukan nilai saksama ditolak kos untuk dijual pula, urus niaga pasaran terkini akan diambilkira, jika ada.

Jika tiada urus niaga pasaran terkini berlaku, model penilaian yang sesuai hendaklah digunakan.
Kerugian kemerosotan diiktiraf sebagai perbelanjaan dalam penyata prestasi kewangan serta merta apabila nilai dibawa aset melebihi amaun boleh pulihnya.

Kerugian kemerosotan nilai yang diiktiraf dalam tempoh terdahulu bagi sesuatu aset hendaklah dibalikkan jika, dan hanya jika terdapat perubahan dalam anggaran yang digunakan untuk menentukan amaun boleh pulih.

Pembalikan tersebut diiktiraf dalam penyata prestasi kewangan.
LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 153 06 PENYATA KEWANGAN LEMBAGA PELABUHAN LABUAN (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981 - Perintah Lembaga Pelabuhan Bintulu (Perluasan Fungsi) 2017) NOTA-NOTA KEPADA PENYATA KEWANGAN BAGI TAHUN BERAKHIR 31 DISEMBER 2020 3.
Dasar Perakaunan (Sambungan) 3.4 Rosotnilai aset bukan kewangan (Sambungan) 3.4.2 Aset Penjanaan Bukan Tunai Lembaga akan menilai pada setiap tarikh pelaporan sama ada terdapat petunjuk bahawa aset penjanaan bukan tunai mungkin terjejas.

Jika sebarang petunjuk wujud, maka Lembaga akan membuat anggaran ke atas jumlah perkhidmatan boleh pulih aset.

Jumlah perkhidmatan boleh pulih aset adalah nilai tertinggi di antara nilai saksama ditolak kos untuk dijual dan nilai dalam penggunaan.
Kerugian kemerosotan diiktiraf sebagai perbelanjaan dalam penyata prestasi kewangan serta merta apabila nilai dibawa aset melebihi jumlah perkhidmatan boleh pulihnya.

Dalam menentukan nilai dalam penggunaan, Lembaga telah mengguna pakai pendekatan kos penggantian yang disusut nilai.

Di bawah pendekatan ini, nilai semasa baki potensi perkhidmatan aset ditentukan sebagai kos penggantian aset yang telah disusut nilai.
Kos penggantian yang disusut nilai akan diukur dengan mengambil kira kos penggantian aset ditolak susut nilai terkumpul yang dikira atas kos itu bagi mencerminkan potensi perkhidmatan aset yang telah digunakan atau sudah luput.

Dalam menentukan nilai saksama ditolak kos untuk dijual pula, harga aset dalam perjanjian yang mengikat akan dilaraskan bagi menentukan harga pelupusan aset tersebut.
Jika tiada perjanjian yang mengikat, tetapi aset tersebut diniagakan di pasaran secara aktif, maka nilai saksama ditolak kos untuk dijual adalah ditentukan dengan merujuk kepada nilai pasaran terkini ditolak kos pelupusan.

Jika tiada perjanjian jual mengikat atau pasaran aktif bagi aset, Lembaga menentukan nilai saksama ditolak kos untuk menjual berdasarkan maklumat yang ada yang terbaik.
Bagi setiap aset, penilaian dibuat pada setiap tarikh laporan sama ada terdapat sebarang petunjuk yang sebelum ini kerugian rosotnilai yang diiktiraf mungkin tidak lagi wujud atau telah berkurangan.

Jika petunjuk sedemikian wujud, Lembaga menganggarkan jumlah perkhidmatan boleh pulih aset.
Kerugian kemerosotan nilai yang diiktiraf sebelumnya dibalikkan hanya jika terdapat perubahan dalam andaian yang digunakan untuk menentukan jumlah perkhidmatan boleh pulih aset sejak kerugian kemerosotan nilai jumlah perkhidmatan boleh pulih atau tidak melebihi nilai dibawa yang mungkin setelah susut nilai terkumpul seperti tiada kerugian kemerosotan nilai diiktiraf bagi aset tersebut dalam tahun sebelumnya.

Pembalikan tersebut diiktiraf dalam penyata prestasi kewangan.

terakhir diiktiraf.
terakhir diiktiraf.

Pembalikan adalah terhad setakat nilai dibawa aset tidak melebihi 3.5 Cukai Cukai di dalam penyata prestasi kewangan adalah terdiri daripada cukai semasa dan cukai tertunda.

Cukai semasa mewakili cukai pendapatan yang dijangka akan dikenakan ke atas lebihan atau kurangan tahun kewangan semasa yang boleh dicukai dan dikira pada kadar cukai yang berkuat kuasa pada tarikh penyata kedudukan kewangan.
Cukai tertunda diperuntukkan menggunakan kaedah liabiliti atas perbezaan sementara antara asas cukai dan nilai dibawa aset dan liabiliti di dalam penyata kedudukan kewangan.

Mengikut prinsip, liabiliti cukai tertunda diiktiraf untuk semua perbezaan sementara yang boleh dicukai dan aset cukai tertunda diiktiraf untuk semua perbezaan sementara boleh ditolak cukai, kerugian cukai belum diguna dan kredit cukai belum diguna.
Aset dan liabiliti cukai tertunda diukur pada kadar cukai yang dijangkakan untuk diaplikasikan dalam tahun aset itu direalisasikan atau liabiliti itu diselesaikan, berdasarkan kadar cukai dan perundangan cukai yang telah digubal atau sebahagian besar digubal pada tarikh laporan.
154 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 06 PENYATA KEWANGAN LEMBAGA PELABUHAN LABUAN (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981) - Perintah Lembaga Pelabuhan Bintulu (Perluasan Fungsi) 2017) NOTA-NOTA KEPADA PENYATA KEWANGAN BAGI TAHUN BERAKHIR 31 DISEMBER 2020 3.
Dasar Perakaunan (Sambungan) 3.6 Aset kewangan 3.6.1 3.6.2 3.6.3 3.6.4 Aset kewangan diiktiraf dalam penyata kedudukan kewangan apabila Lembaga menjadi pihak kepada peruntukan kontrak instrumen.

Pada pengiktirafan awal, aset kewangan adalah diukur pada nilai saksama, termasuk kos urus niaga untuk aset kewangan yang tidak diukur pada nilai saksama menerusi lebihan atau kurangan, yang terlibat secara langsung di dalam mengisu aset kewangan.
Selepas pengiktirafan awal, aset kewangan akan dikelaskan kepada salah satu daripada empat kategori aset kewangan iaitu aset kewangan diukur pada nilai saksama menerusi lebihan atau kurangan, pinjaman dan belum terima, pelaburan dipegang hingga matang dan aset kewangan sedia untuk dijual.
Pembelian atau penjualan aset kewangan yang memerlukan penyerahan aset dalam tempoh masa yang ditetapkan oleh peraturan atau konvensyen di dalam pasaran akan diiktiraf pada tarikh transaksi itu dibuat, iaitu tarikh di mana Lembaga membuat komitmen untuk membeli atau menjual aset tersebut.
3.6.5 Lembaga hanya mempunyai kategori aset kewangan seperti berikut: i) ii) Pinjaman dan Belum Terima Pinjaman dan belum terima adalah aset kewangan bukan derivatif dengan bayaran tetap atau boleh ditentukan yang tidak disebut harga dalam pasaran aktif.

Selepas pengukuran awal, aset kewangan tersebut kemudiannya diukur pada kos dilunaskan menggunakan kaedah faedah berkesan dan ditolak rosotnilai.
Kos dilunaskan dikira dengan mengambil kira apa-apa diskaun atau premium atas pembelian aset tersebut serta yuran atau kos yang merupakan sebahagian daripada kadar faedah berkesan.

Kerugian yang timbul daripada kemerosotan nilai diiktiraf dalam penyata prestasi kewangan.
Pelaburan Dipegang Hingga Matang Aset kewangan bukan derivatif dengan tempoh matang pembayaran tetap atau boleh ditentukan dan tetap diklasifikasikan sebagai dipegang untuk matang apabila Lembaga mempunyai niat positif dan keupayaan untuk memegang sehingga matang.

Selepas pengukuran awal, pelaburan dipegang hingga matang diukur pada kos yang dilunaskan menggunakan kaedah faedah berkesan dan ditolak rosotnilai.
Kos pelunasan dikira dengan mengambil kira apa-apa diskaun atau premium atas pengambilalihan dan yuran atau kos yang merupakan sebahagian daripada kadar faedah efektif.

Kerugian yang timbul daripada kemerosotan nilai diiktiraf dalam penyata prestasi kewangan.

3.6.6 Rosotnilai aset kewangan Pada akhir setiap tempoh pelaporan, Lembaga akan menilai sama ada terdapat sebarang bukti objektif bahawa aset kewangan perlu untuk dirosotnilai.
Bukti objektif termasuk: i) ii) iii) iv) kesukaran kewangan yang ketara oleh peminjam; pembayaran tertunggak; kemungkinan bahawa peminjam akan muflis; atau data yang menunjukkan bahawa terdapat penurunan di dalam anggaran aliran tunai masa depan.
Bagi kategori aset kewangan yang diukur pada kos dilunaskan, jika tiada bukti objektif wujud bagi individu yang ketara, maka semua aset dalam Lembaga yang mempunyai ciri-ciri risiko yang serupa tidak kira sama ada ia ketara atau tidak, akan dinilai secara kolektif untuk menentukan sama ada ia perlu dibuat rosotnilai.
Kerugian rosotnilai, berhubung dengan aset kewangan yang diukur pada kos dilunaskan, diukur sebagai perbezaan di antara nilai dibawa aset berkenaan dan nilai semasa anggaran aliran tunai yang didiskaunkan pada kadar faedah berkesan yang asal.

Nilai dibawa aset tersebut akan dikurangkan melalui penggunaan akaun elaun.

Sebarang kerugian rosotnilai diiktiraf dalam penyata prestasi kewangan dengan serta-merta.
Jika, dalam tempoh kemudiannya, sebarang amaun kerugian rosotnilai menurun, kerugian rosotnilai yang diiktiraf sebelumnya akan dibalikkan secara langsung dalam akaun elaun.

Pembalikkan ini diiktiraf dalam penyata prestasi kewangan dengan serta-merta.
3.6.7 Penyahiktirafan aset kewangan Aset kewangan dinyahiktiraf apabila hak kontrak untuk aliran tunai daripada aset kewangan tersebut tamat tempoh atau selesai serta Lembaga telah memindahkan risiko dan ganjaran pemilikan aset kewangan yang ketara kepada pihak lain.

Pada penyahiktirafan aset kewangan secara keseluruhannya, perbezaan di antara nilai dibawa dan jumlah pertimbangan diterima diiktiraf dalam penyata prestasi kewangan dalam tempoh penyahiktirafan.
LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 155 06 PENYATA KEWANGAN LEMBAGA PELABUHAN LABUAN (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981) - Perintah Lembaga Pelabuhan Bintulu (Perluasan Fungsi) 2017) NOTA-NOTA KEPADA PENYATA KEWANGAN BAGI TAHUN BERAKHIR 31 DISEMBER 2020 3.
Dasar Perakaunan (Sambungan) 3.7 Pengiktirafan pendapatan 3.7.1 Hasil daripada Urus Niaga Bukan Pertukaran Urus niaga bukan pertukaran akan diiktiraf sebagai aset apabila terdapat manfaat ekonomi masa depan atau potensi perkhidmatan dijangka mengalir ke dalam entiti, ianya berpunca daripada peristiwa lampau serta nilai saksama aset dapat diukur dengan munasabah.
Urus niaga bukan pertukaran yang diiktiraf sebagai aset hendaklah diiktiraf sebagai hasil, kecuali setakat liabiliti yang juga diiktiraf berkenaan dengan aliran masuk yang sama sebagai tertunda di dalam penyata kedudukan kewangan.

Apabila obligasi terhadap sesuatu liabiliti itu telah dipenuhi, entiti hendaklah mengurangkan amaun bawaan liabiliti yang diiktiraf itu dan mengiktiraf amaun hasil yang sama dengan pengurangan itu.
3.7.2 Hasil daripada Urus Niaga Pertukaran Hasil daripada urus niaga pertukaran diiktiraf apabila terdapat kemungkinan bahawa manfaat ekonomi masa hadapan atau potensi perkhidmatan akan mengalir kepada entiti dan manfaat ini boleh diukur dengan pasti.

Hasil daripada Urus Niaga Pertukaran adalah seperti berikut : i) ii) Kutipan sewaan dan pajakan Hasil sewaan dan pajakan dikenakan ke atas premis-premis Lembaga mengikut syarat perjanjian penyewaan.
Pengiktirafan pendapatan sewaan dan pajakan berdasarkan asas akruan apabila hak untuk menerima bayaran telah ditentukan.

Keuntungan dari pelaburan Hasil keuntungan daripada pelaburan diiktiraf atas dasar perkadaran masa yang mengambilkira kadar pulangan hasil efektif atas aset tersebut.
Kadar pulangan hasil efektif ke atas aset ialah kadar keuntungan yang diperlukan untuk mendiskaunkan jangkaan aliran penerimaan tunai masa hadapan sepanjang hayat aset tersebut untuk disamakan dengan amaun bawaan awal aset tersebut.
3.8 Peruntukan Peruntukan diiktiraf apabila Lembaga mempunyai obligasi semasa (perundangan atau konstruktif) hasil daripada peristiwa lalu, terdapat kemungkinan bahawa aliran keluar sumber yang mengandungi manfaat ekonomi perlu dilakukan untuk menyelesaikan obligasi dan jumlah obligasi boleh dianggarkan dengan pasti.
Apabila Lembaga menjangkakan beberapa atau semua peruntukan akan dibayar balik, perbelanjaan berkaitan peruntukan dibentangkan dalam penyata prestasi kewangan daripada sebarang pembayaran balik.

3.9 Tunai dan kesetaraan tunai Penyata aliran tunai telah disediakan menggunakan kaedah tidak langsung.
Tunai dan kesetaraan tunai terdiri daripada tunai di bank serta pelaburan berkecairan tinggi dengan bank berlesen yang mempunyai tempoh matang 12 bulan atau kurang yang sedia ditukar kepada amaun tunai yang diketahui dan tertakluk kepada risiko perubahan nilai yang tidak ketara.

3.10 Maklumat bajet Bajet tahunan disediakan berdasarkan asas tunai.

Memandangkan penyata kewangan disediakan menggunakan asas akruan, maka satu Penyata Perbandingan Bajet dan Sebenar disediakan secara berasingan.
Penyata ini telah disediakan menggunakan asas penyediaan bajet tahunan.

tahunan ini telah dibentangkan dalam Mesyuarat Jawatakuasa Kewangan dan Perancangan Lembaga untuk diperakukan dan Bajet dibentangkan dalam Mesyuarat Lembaga Pengarah Lembaga untuk kelulusan dan seterusnya diangkat untuk kelulusan YB Menteri Pengangkutan Malaysia.
3.11 Mengkontra instrumen kewangan Aset kewangan dan liabiliti kewangan hanya dikontra jika, dan hanya jika, terdapat hak undang-undang mengofsetkannya dan terdapat tujuan menyelesaikannya pada nilai bersih atau untuk merealisasikan aset dan menyelesaikan liabiliti secara serentak.

3.12 Pihak berkaitan Lembaga menganggap pihak berkaitan sebagai orang atau entiti dengan keupayaan untuk mengenakan kawalan secara individu atau bersama, atau untuk melaksanakan pengaruh penting ke atas Lembaga, atau sebaliknya.
Kakitangan penting pihak pengurusan dianggap sebagai pihak berkaitan yang terdiri daripada ahli-ahli lembaga pengarah Lembaga.

156 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 06 PENYATA KEWANGAN LEMBAGA PELABUHAN LABUAN (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981) - Perintah Lembaga Pelabuhan Bintulu (Perluasan Fungsi) 2017) NOTA-NOTA KEPADA PENYATA KEWANGAN BAGI TAHUN BERAKHIR 31 DISEMBER 2020 3.
Dasar Perakaunan (Sambungan) 3.13 Liabiliti luar jangka dan aset luar jangka 3.13.1 3.13.2 Liabiliti luar jangka adalah obligasi semasa yang tidak diiktiraf kerana tiada kebarangkalian aliran keluar sumber akan diperlukan untuk menyelesaikan obligasi atau dalam kes yang sangat jarang berlaku di mana liabiliti tidak dapat diiktiraf kerana ia tidak boleh diukur secara pasti.

Liabiliti luar jangka tidak diiktiraf tetapi didedahkan dalam penyata kewangan.
Obligasi yang muncul dari peristiwa yang lepas, yang kewujudannya hanya dapat disahkan melalui berlakunya atau tidak berlakunya satu atau lebih peristiwa akan datang yang belum pasti, tidak di bawah kawalan Lembaga keseluruhan juga didedahkan sebagai liabiliti luar jangka melainkan kebarangkalian aliran keluar sumber ekonomi adalah kecil.
Aset luar jangka adalah aset yang berkemungkinan wujud daripada peristiwa lalu yang kewujudannya akan hanya disahkan apabila berlaku atau tidak berlakunya satu atau lebih peristiwa yang tidak pasti pada masa hadapan yang bukan dalam luar jangka dalam penyata kewangan tetapi mendedahkan kawalan penuh Lembaga.

Lembaga tidak mengiktiraf aset kewujudannya di mana aliran masuk manfaat ekonomi adalah berkemungkinan, tetapi tidak pasti.
3.14 Liabiliti kewangan 3.14.1 3.14.2 3.14.3 Liabiliti kewangan diiktiraf dalam penyata kedudukan kewangan apabila Lembaga menjadi pihak kepada peruntukan kontrak instrumen.

Pada pengiktirafan awal, liabiliti kewangan adalah diukur pada nilai saksama, termasuk kos urus niaga untuk liabiliti kewangan yang tidak diukur pada nilai saksama menerusi lebihan atau kurangan, yang terlibat secara langsung di dalam mengisu liabiliti kewangan.
Selepas pengiktirafan awal, liabiliti kewangan dikelaskan kepada salah satu daripada dua kategori liabiliti kewangan diukur pada nilai saksama menerusi lebihan atau kurangan dan pinjaman belum bayar.

liabiliti kewangan iaitu 3.14.4 Lembaga mempunyai kategori liabiliti kewangan seperti berikut : i) Pinjaman dan Belum Bayar Selepas pengiktirafan awal, pinjaman dan belum bayar adalah diukur pada kos dilunaskan menggunakan kaedah faedah berkesan.
Keuntungan atau kerugian diiktiraf di dalam penyata prestasi kewangan apabila liabiliti kewangan dinyahiktiraf atau dirosotnilai.

Kaedah faedah berkesan adalah kaedah untuk mengira kos dilunaskan liabiliti kewangan dan untuk memperuntukan perbelanjaan faedah ke atas tempoh yang berkaitan.
Kadar faedah berkesan adalah kadar diskaun anggaran pembayaran tunai masa depan yang tepat menerusi jangka hayat liabiliti kewangan atau, apabila sesuai, tempoh yang lebih singkat, dengan nilai dibawa liabiliti kewangan tersebut.

3.14.5 Penyahiktirafan liabiliti kewangan Liabiliti kewangan dinyahiktiraf apabila obligasi yang dinyatakan dalam kontrak telah dilepaskan, dibatalkan atau tamat hayat.
Sebarang perbezaan di antara nilai dibawa liabiliti kewangan yang dinyahiktiraf dan pertimbangan dibayar adalah diiktiraf di dalam penyata prestasi kewangan dalam tempoh penyahiktirafan.

3.15 Pertimbangan perakaunan kritikal dan sumber utama ketidakpastian anggaran 3.15.1 Pertimbangan perakaunan kritikal Tiada sebarang pertimbangan perakaunan kritikal selain yang dinyatakan di bawah, yang mempunyai kesan ketara ke atas jumlah yang diiktiraf di dalam penyata kewangan.
i) Lembaga sebagai pemberi pajak Lembaga telah memasuki beberapa perjanjian pajakan di mana Lembaga adalah pemberi pajak.

Lembaga telah menetapkan, berdasarkan penilaian terhadap terma dan syarat perjanjian bahawa ia mengekalkan semua risiko dan ganjaran pemilikan aset dan mengakaunkan perjanjian pajakan tersebut sebagai pajakan operasi.
LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 157 06 PENYATA KEWANGAN LEMBAGA PELABUHAN LABUAN (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981) - Perintah Lembaga Pelabuhan Bintulu (Perluasan Fungsi) 2017) NOTA-NOTA KEPADA PENYATA KEWANGAN BAGI TAHUN BERAKHIR 31 DISEMBER 2020 3.
Dasar Perakaunan (Sambungan) 3.15 Pertimbangan perakaunan kritikal dan sumber utama ketidakpastian anggaran (Sambungan) 3.15.2 Sumber utama ketidakpastian anggaran Anggaran utama berkenaan masa hadapan, dan lain-lain sumber utama ketidakpastian anggaran pada tarikh pelaporan, yang mempunyai risiko ketara yang akan menyebabkan pelarasan penting terhadap nilai dibawa aset dan liabiliti di dalam tahun kewangan seterusnya adalah seperti berikut: 3.16 Pajakan 3.16.1 i) ii) Kerugian Rosotnilai bagi Akaun Belum Terima Lembaga menilai pada setiap tarikh pelaporan sama ada terdapat sebarang bukti objektif bahawa aset kewangan terjejas.
Untuk menentukan sama ada terdapat bukti objektif rosotnilai, Lembaga menganggap faktor seperti ketidakmampuan bayar siberhutang dan keingkaran atau kelewatan pembayaran yang ketara.

jumlah dan masa aliran tunai masa depan dianggarkan Jika terdapat bukti objektif kemerosotan nilai, berdasarkan sejarah pengalaman kerugian untuk aset yang mempunyai ciri-ciri risiko kredit yang serupa.
Perubahan Anggaran Jangka Hayat bagi Hartanah, Loji dan Peralatan Semua hartanah, loji dan peralatan disusut nilaikan mengikut kaedah garis lurus sepanjang jangka hayat aset tersebut.

Perubahan dalam anggaran corak penggunaan aset dan pembangunan teknologi boleh memberi kesan kepada jangka hayat dan nilai sisa aset tersebut.

Ini akan menyebabkan susut nilai aset pada masa hadapan akan disemak semula.
Lembaga sebagai penerima pajak Pajakan kewangan memindahkan, sebahagian besar risiko dan ganjaran yang berkaitan dengan pemilikan aset yang dipajak kepada Lembaga sebagai penerima pajak.

Pengiktirafan awal untuk pajakan kewangan mengiktiraf aset dan liabiliti pada amaun terendah antara nilai saksama aset yang dipajak dan nilai kini bayaran pajakan minimum.
Selepas pengiktirafan awal, pembayaran pajakan dibahagikan antara caj kewangan dan pengurangan liabiliti pajakan untuk mencapai kadar faedah yang berterusan ke atas baki liabiliti.

Caj kewangan diiktiraf sebagai kos kewangan dalam penyata prestasi kewangan.

Aset yang dipegang di bawah pajakan kewangan disusut nilai sepanjang hayat berguna aset tersebut.
Walau bagaimanapun, jika tidak ada kepastian yang munasabah bahawa Lembaga akan memperoleh pemilikan aset tersebut pada akhir tempoh pajakan, aset itu disusut nilai sepanjang jangka masa hayat berguna yang dianggarkan dan tempoh pajakan.

Pajakan operasi, mengekalkan sebahagian besar risiko dan ganjaran pemilikan pemberi pajak.

Ia diiktiraf secara sistematik sepanjang tempoh pajakan.
Penambahbaikan pegangan pajakan dipermodalkan dan kosnya dilunaskan sepanjang baki tempoh pajakan atau anggaran usia guna penambahbaikan dengan mengambil tempoh yang lebih pendek.

Insentif pajakan yang diterima diiktiraf dengan kadar sama rata ke atas jangka masa pajakan sebagai pengurangan belanja sewa.

3.16.2 Lembaga sebagai pemberi pajak Pajakan di mana Lembaga tidak memindahkan sebahagian besar risiko dan faedah pemilikan sesuatu aset dikelaskan sebagai pajakan operasi.
Kos langsung awal yang ditanggung dalam rundingan pajakan operasi ditambah kepada jumlah bawaan aset yang dipajak dan diiktiraf dalam tempoh pajakan.

3.17 Belanja 3.17.1 3.17.2 Belanja am Belanja diiktiraf dalam tempoh ia berlaku atau dikenakan.

Belanja kos kewangan Belanja kos kewangan akan dicajkan di dalam penyata prestasi kewangan.
158 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 06 PENYATA KEWANGAN LEMBAGA PELABUHAN LABUAN (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981) - Perintah Lembaga Pelabuhan Bintulu (Perluasan Fungsi) 2017) NOTA-NOTA KEPADA PENYATA KEWANGAN BAGI TAHUN BERAKHIR 31 DISEMBER 2020 4.

Urus niaga pertukaran belum terima Tempoh kredit Lembaga kebiasaannya di antara 14 hingga 90 hari (2019: 30 hingga 90 hari).
Lain-lain terma kredit dinilai dan diluluskan mengikut kes demi kes.

Penghutang caj tarif pelabuhan dan dius simpan tunggu Penghutang caj pesisir depan Penghutang sewa pajakan tambahan Analisa pengumuran urus niaga pertukaran belum terima adalah seperti berikut: 2020 RM 322,548 744,612 - 1,067,160 2019 RM - - 64,800 64,800 2020 RM 2019 RM Melepasi tempoh kena bayar dan tidak dirosotnilai 1,067,160 64,800 5.
Pelbagai akaun belum terima dan deposit Deposit cagaran elektrik Deposit cagaran sewa bangunan Deposit belum terima Keuntungan dari pelaburan belum terima 6.

Pelaburan jangka pendek CIMB Bank Berhad Kadar purata keuntungan pada tarikh penyata kedudukan kewangan adalah 1.25% seminggu.

7.
7.

Baki di bank CIMB Bank Berhad 2020 RM 2019 RM - 23,280 25,137 265 48,682 13,806 30,612 - 60 44,478 2020 RM 2019 RM 3,400,000 200,034 2020 RM 2019 RM 31,060 24,583 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 159 06 PENYATA KEWANGAN LEMBAGA PELABUHAN LABUAN (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981) - Perintah Lembaga Pelabuhan Bintulu (Perluasan Fungsi) 2017) NOTA-NOTA KEPADA PENYATA KEWANGAN BAGI TAHUN BERAKHIR 31 DISEMBER 2020 8.
Hartanah, loji dan peralatan Kos Perkakas pejabat, perisian komputer dan lain-lain Kenderaan bermotor Perabot dan kelengkapan Susut Nilai Terkumpul Perkakas pejabat, perisian komputer dan lain-lain Kenderaan bermotor Perabot dan kelengkapan Kos Perkakas pejabat, perisian komputer dan lain-lain Kenderaan bermotor Perabot dan kelengkapan Susut Nilai Terkumpul Perkakas pejabat, perisian komputer dan lain-lain Kenderaan bermotor Perabot dan kelengkapan Baki Pada 01.01.2020 RM 148,401 463,399 60,040 671,840 Pertambahan RM Pelarasan RM Hapus Kira RM - - - - - - - - - - - - Baki Pada 01.01.2020 RM Susut Nilai Tahun Semasa RM Pelarasan RM Hapus Kira RM 31,389 236,924 12,592 280,905 Baki Pada 01.01.2019 RM 141,181 465,699 60,040 666,920 19,538 92,680 6,004 118,222 - - - - - - - - Pertambahan RM Pelarasan RM Hapus Kira RM 9,300 - - 9,300 - (2,300) - (2,300) (2,080) - - (2,080) Baki Pada 01.01.2019 RM Susut Nilai Tahun Semasa RM Pelarasan RM Hapus Kira RM 12,610 144,972 6,588 164,170 19,195 93,140 6,004 118,339 - (1,188) - (1,188) (416) - - (416) Baki Pada 31.12.2020 RM 148,401 463,399 60,040 671,840 Baki Pada 31.12.2020 RM 50,927 329,604 18,596 399,127 Baki Pada 31.12.2019 RM 148,401 463,399 60,040 671,840 Baki Pada 31.12.2019 RM 31,389 236,924 12,592 280,905 Nilai Dibawa Perkakas pejabat, perisian komputer dan lain-lain Kenderaan bermotor Perabot dan kelengkapan Baki Pada 31.12.2020 RM Baki Pada 31.12.2019 RM 97,474 133,795 41,444 272,713 117,012 226,475 47,448 390,935 160 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN
 PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 06 PENYATA KEWANGAN 06 PENYATA KEWANGAN LEMBAGA PELABUHAN LABUAN LEMBAGA PELABUHAN LABUAN (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981) - (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981) - Perintah Lembaga Pelabuhan Bintulu (Perluasan Fungsi) 2017) Perintah Lembaga Pelabuhan Bintulu (Perluasan Fungsi) 2017) NOTA-NOTA KEPADA PENYATA KEWANGAN NOTA-NOTA KEPADA PENYATA KEWANGAN BAGI TAHUN BERAKHIR 31 DISEMBER 2020 BAGI TAHUN BERAKHIR 31 DISEMBER 2020 9.
9.

Pelbagai akaun belum bayar dan perbelanjaan terakru Pelbagai akaun belum bayar dan perbelanjaan terakru Deposit sewa tanah oleh Straits Inter Logistics Berhad Deposit sewa tanah oleh Straits Inter Logistics Berhad Pemiutang terakru Pemiutang terakru 10.

10.

Pemiutang sewa diterima terdahulu Pemiutang sewa diterima terdahulu Straits Inter Logistics Berhad - Sewa Pajakan Tanah bulan Januari 2021 Straits Inter Logistics Berhad - Sewa Pajakan Tanah bulan Januari 2021 11.

Bantuan kewangan 11.
Bantuan kewangan Bantuan kewangan daripada LPB Bantuan kewangan daripada LPB Dianalisa seperti berikut: Dianalisa seperti berikut: Semasa Semasa Bukan semasa Bukan semasa 2020 2020 RM RM 2019 2019 RM RM 300,000 300,000 70,285 70,285 370,285 370,285 - - 78,045 78,045 78,045 78,045 2020 2020 RM RM 2019 2019 RM RM 90,000 90,000 90,000 90,000 64,800 64,800 64,800 64,800 2020 2020 RM RM 2020 2020 RM RM - - - - - - - - 2019 2019 RM RM 6,510,898 6,510,898 2019 2019 RM RM 1,000,000 1,000,000 5,510,898 5,510,898 6,510,898 6,510,898 Seperti yang dinyatakan dalam Nota penjelasan bagi varian yang melebihi 20% di muka surat 161,bantuan kewangan berjumlah RM6,510,898 ini dipinda Seperti yang dinyatakan dalam Nota penjelasan bagi varian yang melebihi 20% di muka surat 150,bantuan kewangan berjumlah RM6,510,898 ini dipinda kepada hasil pada tahun 2020 susulan daripada pandangan undang-undang Penasihat Undang-Undang Kementerian Pengangkutan Malaysia kepada hasil pada tahun 2020 susulan daripada pandangan undang-undang Penasihat Undang-Undang Kementerian Pengangkutan Malaysia berhubung keteraturan geran permulaan atau bantuan kewangan sebanyak RM6 juta bagi tahun 2017 dan tahun 2018 yang telah disalurkan oleh LPB berhubung keteraturan geran permulaan atau bantuan kewangan sebanyak RM6 juta bagi tahun 2017 dan tahun 2018 yang telah disalurkan oleh LPB kepada LPL melalui memo rujukan MOT.100-1/1/1 JLD.4(54) bertarikh 4 Disember 2020 dan pandangan Jabatan Audit Negara melalui surat rujukan kepada LPL melalui memo rujukan
 MOT.100-1/1/1 JLD.4(54) bertarikh 4 Disember 2020 dan pandangan Jabatan Audit Negara melalui surat rujukan AUDIT/W/427:8/16/1 Jld.6 (3) bertarikh 12 April 2021.


12.

12.

Urus niaga pertukaran belum bayar Urus niaga pertukaran belum bayar 2020 2020 RM RM 2019 2019 RM RM Capitol Hotel Sdn Bhd Capitol Hotel Sdn Bhd - - 524 524 13.

Liabiliti cukai tertunda 13.


Liabiliti cukai tertunda Hartanah, loji dan peralatan: Hartanah, loji dan peralatan: Baki pada 01 Januari Baki pada 01 Januari Pindahan ke penyata prestasi kewangan (Nota 20) Pindahan ke penyata prestasi kewangan (Nota 20) Baki pada 31 Disember Baki pada 31 Disember 14.

Urus niaga bukan pertukaran 14.


Urus niaga bukan pertukaran Hasil kewangan dari LPB Hasil kewangan dari LPB Reversi untuk bayaran hutang LPL Reversi untuk bayaran hutang LPL 2020 2020 RM RM 2019 2019 RM RM 21,719 21,719 1,232 1,232 22,951 22,951 20,473 20,473 1,246 1,246 21,719 21,719 2020 2020 RM RM 7,326,000 7,326,000 510,898 510,898 7,836,898 7,836,898 2019 2019 RM RM - - - - - - Rujuk penjelasan pada nota penjelasan bagi varian yang melebihi 20% di muka surat 161 dan penjelasan di Nota 11.
Rujuk penjelasan pada nota penjelasan bagi varian yang melebihi 20% di muka surat 150 dan penjelasan di Nota 11.
LAPORAN TAHUNAN 2020 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 161 161 06 PENYATA KEWANGAN LEMBAGA PELABUHAN LABUAN (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981) - Perintah Lembaga Pelabuhan Bintulu (Perluasan Fungsi) 2017) NOTA-NOTA KEPADA PENYATA KEWANGAN BAGI TAHUN BERAKHIR 31 DISEMBER 2020 15.

Urus niaga pertukaran Sewaan Tarif Keuntungan dari pelaburan Lain-lain 16.
Perkhidmatan dan bekalan Perbelanjaan perjalanan dan sara hidup Pengangkutan barang-barang Perhubungan dan utiliti Sewaan Bekalan bahan mentah dan bahan untuk penyelenggaraan pembaikan Bekalan dan bahan-bahan lain Penyelenggaraan dan pembaikan kecil yang dibeli Perkhidmatan ikhtisas dan lain yang dibeli dan hospitaliti 17.

Perbelanjaan lain-lain Cukai, cukai tanah, cukai pintu, cukai jalan, cukai bekalan dan perkhidmatan dan duti setem Insurans Komisen dan caj bank Yuran persatuan 18.
Kos kewangan 2020 RM 1,054,400 3,315,808 17,265 219 4,387,692 2019 RM 777,600 - 22,415 3,672 803,687 2020 RM 2019 RM 463,418 - 10,368 151,364 3,410 7,183 22,585 1,151,280 1,809,608 560,418 2,820 1,934 190,457 3,106 2,165 26,596 1,162,962 1,950,458 2020 RM 2019 RM 1,520 6,405 68 - 7,993 1,373 9,370 207 1,590 12,540 2020 RM 2019 RM Keuntungan dikenakan dari bantuan kewangan - 316,897 19.
Lebihan/(Kurangan) sebelum cukai Lebihan/(Kurangan) sebelum cukai diperolehi selepas dicajkan yuran juruaudit berjumlah RM27,593 (2019: RM26.035).

20.
Cukai Cukai korporat Cukai tertunda (Nota 13): Berkaitan dengan pengiktirafan dan pembalikan semula perbezaan masa sementara Terkurang/(Terlebih) peruntukan cukai tertunda tahun sebelum 2020 RM 2019 RM 4,433 965 267 1,232 5,665 - 1,395 (149) 1,246 1,246 162 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 06 PENYATA KEWANGAN LEMBAGA PELABUHAN LABUAN (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981) - Perintah Lembaga Pelabuhan Bintulu (Perluasan Fungsi) 2017) NOTA-NOTA KEPADA PENYATA KEWANGAN BAGI TAHUN BERAKHIR 31 DISEMBER 2020 20.
Cukai (Sambungan) Penyesuaian perbelanjaan cukai dengan keuntungan/(kerugian) perakaunan adalah seperti berikut: Lebihan/(Kurangan) sebelum cukai Cukai pada kadar cukai pendapatan semasa sebanyak 24% (2019: 24%) Perbelanjaan yang tidak dibenarkan untuk tujuan cukai Hasil yang tidak dikenakan cukai Terkurang/(terlebih) peruntukan cukai tertunda tahun sebelum (Tax saving)/Aset cukai tertunda yang belum diiktiraf 2020 RM 2019 RM 10,288,767 (1,596,211) 2,469,304 52,474 (1,880,856) 267 (635,524) 5,665 (383,091) 32,440 - (149) 352,046 1,246 Tertakluk kepada kelulusan Lembaga Hasil Dalam Negeri, aset cukai tertunda berikut tidak diiktiraf kerana ketidakpastian untuk digunakan pada masa hadapan.
Kurangan yang belum digunakan Elaun modal yang belum diserap 21.

Sumber manusia 2020 RM 2019 RM 716,266 - 3,078,851 245,879 Bagi tahun kewangan berakhir 2020, Lembaga tidak mempunyai pegawai dan kakitangan tetap.

Operasi Lembaga diuruskan oleh pegawai dan kakitangan LPB secara giliran seperti berikut:- Kumpulan Pengurusan Tertinggi Kumpulan Pengurusan dan Profesional Kumpulan Pelaksana 22.
Ganjaran kakitangan penting pihak pengurusan 2020 Jumlah 2019 Jumlah 1 28 57 1 28 57 Kakitangan penting pihak pengurusan adalah mereka yang mempunyai kuasa dan tanggungjawab untuk perancangan, arahan dan kawalan ke atas aktiviti-aktiviti Lembaga sama ada secara langsung atau tidak langsung.

Kakitangan penting pihak pengurusan terdiri daripada ahli-ahli lembaga pengarah yang dilantik oleh YB Menteri Pengangkutan.
Jumlah ganjaran 2020 RM 2019 RM 376,023 329,233 Jumlah kakitangan penting pihak pengurusan 10 orang 10 orang 23.

Instrumen kewangan - Dasar risiko kewangan 23.1 Objektif dan polisi risiko pengurusan kewangan Dasar pengurusan risiko kewangan Lembaga bertujuan untuk memastikan bahawa terdapatnya sumber kewangan yang mencukupi untuk pembangunan perniagaan, menguruskan risiko kredit, risiko pasaran dan risiko kecairan.
Lembaga beroperasi di bawah garis panduan yang telah ditetapkan dengan jelas yang diluluskan oleh ahli lembaga pengarah dan dasar Lembaga adalah untuk tidak melibatkan Lembaga dalam urus niaga yang bersifat spekulatif.

23.2 Risiko kredit Risiko kredit atau risiko pihak ketiga gagal membayar, dikawal dengan penerapan tatacara kelulusan kredit, had dan pengawasan yang ketat.
LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 163 06 PENYATA KEWANGAN Risiko kredit diminimumkan dan diawasi secara ketat dengan menghadkan kerjasama Lembaga dengan rakan perniagaan yang mempunyai kepercayaan kredit yang tinggi.

Penghutang diawasi secara berterusan melalui tatacara pelaporan pengurusan Lembaga.
Lembaga tidak mempunyai pendedahan yang besar terhadap mana-mana pelanggan individu atau pihak ketiga mahupun sebarang penumpuan besar bagi risiko kredit yang berkaitan dengan sebarang instrumen kewangan selain yang dinyatakan di dalam nota yang berasingan.
164 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 06 PENYATA KEWANGAN LEMBAGA PELABUHAN LABUAN (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981) - Perintah Lembaga Pelabuhan Bintulu (Perluasan Fungsi) 2017) NOTA-NOTA KEPADA PENYATA KEWANGAN BAGI TAHUN BERAKHIR 31 DISEMBER 2020 23.
Instrumen kewangan - Dasar risiko kewangan (Sambungan) 23.3 Risiko pasaran Risiko pasaran adalah risiko perubahan harga pasaran seperti kadar faedah, yang mempengaruhi pendapatan Lembaga atau nilai pegangan instrumen kewangannya.

Objektif pengurusan risiko pasaran adalah untuk mengurus dan mengawal pendedahan risiko pasaran dalam parameter yang boleh diterima, sambil mengoptimumkan pulangan atas risiko.
Kadar faedah purata wajaran dan profil matang pada instrumen kewangan pada 31 Disember 2020 adalah seperti berikut: Aset kewangan Pelaburan jangka pendek Baki di bank Liabiliti kewangan Bantuan kewangan Kadar Faedah Purata Berwajaran 2020 % 1.25 1.00 2019 % 2.45 1.00 2020 RM 2019 RM 3,400,000 31,060 3,431,060 200,034 24,583 224,617 5.00 5.00 - 5,510,898 Analisa kepekaan kadar faedah Sekiranya kadar faedah purata berwajaran pada 31 Disember 2020 adalah 100 mata asas lebih tinggi atau lebih rendah, pendapatan faedah dan perbelanjaan faedah akan terjejas seperti berikut: Pada 31 Disember 2020 Pelaburan jangka pendek Baki di bank Bantuan kewangan Pada 31 Disember 2019 Pelaburan jangka pendek Baki di bank Bantuan kewangan 23.4 Risiko kecairan Peningkatan/ (Pengurangan) Mata Asas % (Pengurangan)/Peningkatan Kurangan Dalam Tahun RM RM +100/-100 +100/-100 +100/-100 +100/-100 +100/-100 +100/-100 (76,500) (621) - (77,121) (8,500) - - (8,500) (6,901) (492) 330,654 323,261 (2,900) - 220,436 217,536 Risiko kecairan adalah risiko bahawa Lembaga akan menghadapi kesukaran dalam memenuhi kewajipan kewangan oleh kerana kekurangan dana.
Pendedahan Lembaga kepada risiko kecairan wujud daripada perbezaan dalam kematangan liabiliti kewangan.

Jadual di bawah menunjukkan profil kematangan liabiliti Lembaga pada tarikh laporan berdasarkan obligasi pembayaran semula tanpa diskaun kontrak.
Pada 31 Disember 2020 Perbelanjaan terakru Bantuan kewangan Pada 31 Disember 2019 Perbelanjaan terakru Bantuan kewangan Dalam tempoh setahun RM 370,285 - 370,285 Lebih tempoh setahun RM - - - Jumlah RM 370,285 - 370,285 142,845 1,000,000 1,142,845 - 5,510,898 5,510,898 142,845 6,510,898 6,653,743 Lembaga mengurus risiko kecairan dengan memastikan tunai yang mencukupi dan menyediakan dana yang cukup bagi memenuhi komitmen daripada perbelanjaan operasi dan liabiliti kewangan.
LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 165 06 PENYATA KEWANGAN LEMBAGA PELABUHAN LABUAN (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981) - Perintah Lembaga Pelabuhan Bintulu (Perluasan Fungsi) 2017) NOTA-NOTA KEPADA PENYATA KEWANGAN BAGI TAHUN BERAKHIR 31 DISEMBER 2020 23.
Instrumen kewangan - Dasar risiko kewangan (Sambungan) 23.5 Pengurusan risiko modal Objektif utama mengurus modal Lembaga adalah untuk memastikan terdapat tunai yang mencukupi untuk menyokong keperluan pembiayaan Lembaga, termasuk perbelanjaan modal, untuk memastikan bahawa Lembaga kekal kukuh dari segi kewangan.

Lembaga sentiasa memantau aliran tunainya bagi memastikan setiap komitmen Lembaga dapat dipenuhi.
23.6 Nilai saksama Nilai saksama aset dan liabiliti kewangan adalah amaun di mana instrumen itu boleh ditukar dalam urus niaga semasa antara pihak yang berminat, selain daripada dalam penjualan paksa atau pembubaran.

Nilai saksama aset kewangan dan liabiliti kewangan menyamai nilai saksamanya kerana ia mempunyai tempoh yang singkat.

24.
24.

Nota Bagi Penyata Perbandingan Bajet Dan Sebenar Bajet Lembaga telah diluluskan dan dibentangkan atas asas tunai bagi tempoh kewangan dari 1 Januari 2020 sehingga 31 Disember 2020.

Bajet asal iaitu Cadangan Bajet Tahun 2020 Lembaga Pelabuhan Labuan (LPL) telah diluluskan oleh YB Menteri Pengangkutan Malaysia melalui surat rujukan MOT.400-4/1/28 (12) bertarikh 24 Januari 2020.
Bajet Lembaga kemudiannya dipinda melalui Cadangan Semakan Semula Bajet Tahun 2020 dan Tambahan Bajet Kali Pertama Tahun 2020 dan telah diluluskan oleh YB Menteri Pengangkutan Malaysia melalui surat rujukan MOT.400-4/1/24 Jld.4 (9) bertarikh 28 Oktober 2020.

Belanjawan Lembaga disediakan dengan menggunakan asas yang berlainan daripada penyediaan penyata kewangan.

Penyata kewangan disediakan pada asas akruan manakala bajet disediakan pada asas tunai.
Jumlah dalam penyata kewangan ini telah disusun semula dari asas akruan kepada asas tunai dan dikelaskan semula dengan pembentangan berada pada asas yang sama sepertimana bajet yang telah diluluskan.

Perbandingan jumlah bajet dan sebenar, yang disediakan secara perbandingan dengan bajet yang diluluskan, kemudiannya dibentangkan di dalam penyata perbandingan bajet dan sebenar.
Selain perbezaan asas ini, pelarasan kepada jumlah dalam penyata kewangan juga dibuat untuk perbezaan dalam format dan klasifikasi yang diterima pakai bagi pembentangan penyata kewangan dan bajet yang diluluskan.

Perbezaan masa wujud apabila tempoh bajet disediakan berbeza daripada tempoh kewangan penyata kewangan ini disediakan.

Perbezaan entiti wujud apabila bajet tidak mengambil kira program-program atau aktiviti-aktiviti yang tidak direkodkan di dalam penyata kewangan ini.
Penyesuaian antara jumlah sebenar seperti yang dinyatakan di dalam penyata perbandingan bajet dan sebenar dan jumlah sebenar dalam penyata aliran tunai bagi tahun kewangan berakhir 31 Disember 2020 adalah seperti di bawah: Jumlah sebenar di dalam Penyata Perbandingan Bajet dan Sebenar Perbezaan masa Jumlah sebenar di dalam Penyata Aliran Tunai 25.
Angka-angka Bandingan Operasi RM Pembiayaan RM Jumlah RM 10,406,989 (8,526,546) 1,880,443 - 1,326,000 1,326,000 10,406,989 (7,200,546) 3,206,443 Sebahagian daripada angka-angka bandingan berikut telah diklasifikasikan semula bagi mengambil kira pengklasifikasian di dalam tahun kewangan semasa.
Kesan kepada penyata kedudukan kewangan Perbelanjaan terakru Bantuan kewangan Kesan kepada penyata aliran tunai Aliran tunai dari aktiviti operasi Seperti Dinyatakan Semula RM Seperti Dinyatakan Terdahulu RM 1,791 5,510,898 335,579 6,000,000 (1,038,234) 1,359,246 166 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 06 PENYATA KEWANGAN LEMBAGA PELABUHAN LABUAN (Ditubuhkan di bawah Akta Lembaga Pelabuhan Bintulu, 1981 - Perintah Lembaga Pelabuhan Bintulu (Perluasan Fungsi) 2017) PENYATA PERBELANJAAN PADA 31 DISEMBER 2020 PERKHIDMATAN DAN BEKALAN Perbelanjaan perjalanan dan sara hidup Pengangkutan barang-barang Perhubungan dan utiliti Sewaan Bekalan bahan mentah dan bahan untuk penyelenggaraan dan pembaikan Bekalan dan bahan-bahan lain Penyelenggaraan dan pembaikan kecil yang dibeli Perkhidmatan iktisas dan lain yang dibeli dan hospitaliti PEMBERIAN DAN KENAAN BAYARAN TETAP Pemberian dalam negeri BAYARAN BALIK DAN HAPUS KIRA Hapus kira SUSUT NILAI / PELUNASAN Susut nilai hartanah, loji dan peralatan PERBELANJAAN LAIN Duti Setem Cukai Insuran Komisyen dan caj bank Yuran persatuan KOS KEWANGAN Bayaran hutang LPL 2020 RM 463,418 - 10,368 151,364 3,410 7,183 22,585 1,151,280 1,809,608 - - - 118,222 118,222 840 680 6,405 68 - 7,993 - - 2019 RM 560,418 2,820 1,934 190,457 3,106 2,165 26,596 1,162,962 1,950,458 - - 1,664 118,339 118,339 - 1,373 9,370 207 1,590 12,540 316,897 316,897 JUMLAH PERBELANJAAN 1,935,823 2,399,898 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY
 LEMBAGA PELABUHAN LABUAN 167 06 PENYATA KEWANGAN 168 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 06 PENYATA KEWANGAN 06 PENYATA KEWANGAN LABUAN PORT AUTHORITY LABUAN PORT AUTHORITY (Established Under Bintulu Port Authority, 1981) (Established Under Bintulu Port Authority, 1981) CONTENT CONTENT STATEMENT OF FINANCIAL POSITION STATEMENT OF FINANCIAL POSITION STATEMENT OF FINANCIAL PERFORMANCE STATEMENT OF FINANCIAL PERFORMANCE STATEMENT OF CHANGES IN NET ASSETS
 STATEMENT OF CHANGES IN NET ASSETS STATEMENT OF CASH FLOW STATEMENT OF CASH FLOW STATEMENT OF COMPARISON BETWEEN BUDGET STATEMENT OF COMPARISON BETWEEN BUDGET AND ACTUAL AMOUNTS AND ACTUAL AMOUNTS NOTES TO THE FINANCIAL STAEMENTS NOTES TO THE FINANCIAL STAEMENTS EXPENDITURE STAEMENTS EXPENDITURE STAEMENTS INCOME STAEMENTS INCOME STAEMENTS PAGES PAGES 169 170 170 171 171 172 172 173 173-174 174-175 175-189 176-190 190 191 191 192 LAPORAN TAHUNAN 2020 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 169 169 06 FINANCIAL STATEMENT LABUAN PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) Bintulu Port Authority (Extention of Function) Order 2017 Statement Of Financial Position ON 31 DECEMBER 2020 NOTE 2020 RM 2019 RM ASSETS CURRENT ASSETS Receivables From Exchange Transactions Various Receivable Accounts And Deposits Short Term Investments Bank Balance Total of current assets NON-CURRENT ASSETS Property, Plants and Equipment Total non-current assets Total Assets LIABILITY CURRENT LIABILITY Various Accounts Payable and Accrued Expenses Rent Received in Advance Financial Assistance Receivables From Exchange Transactions Current Tax Total Current Liability Non-Current Liability Financial Assistance Deferred Tax Liability Total Non- Current Liability Total Liability Net Assets (Liability) NET ASSETS (LIABILITY) Accumulated Profit (Loss) Net Total Asset/
 Liability 1,067,160 48,682 3,400,000 31,060 4,546,902 272,713 272,713 4,819,615 370,285 90,000 - - 4,433 464,718 64,800 44,478 200,034 24,583 333,895 390,935 390,935 724,830 78,045 64,800 1,000,000 524 - 1,143,369 - 22,951 22,951 487,669 4,331,946 5,510,898 21,719 5,532,617 6,675,986 (5,951,156) 4,331,946 4,331,946 (5,951,156) (5,951,156) 170 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 06 FINANCIAL STATEMENT LABUAN PORT AUTHORITY
 (Established Under Bintulu Port Authority Act, 1981) Bintulu Port Authority (Extension of Function) Order 2017 STATEMENT OF FINANCIAL PERFORMANCE FOR THE YEAR ENDING 31 DECEMBER 2020 REVENUE Non-Exchange transactions Exchange Transactions Total Revenue Operating Expenses Services and Supplies Repayments and Write-offs Depreciation of Properties, Plants and equipment Other Expenses Financial Cost Total Expenses Surplus/(Deficit)Before Tax Taxes Net Annual Surplus/(Deficit) Distributed to: Owner In Charge of Entity Note 2020 RM 2019 RM 14 15 16 8 17 18 19 20 7,836,898 4,387,692 12,224,590 1,809,608 - 118,222 7,993 - 1,935,823 - 803,687 803,687 1,950,458 1,664 118,339 12,540 316,897 2,399,898 10,288,767 (1,596,211) (5,665) 10,283,102 (1,246) (1,597,457) 10,283,102 (1,597,457) LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 171 06 FINANCIAL STATEMENT LABUAN PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) Bintulu Port Authority (Extension of Function) Order 2017 STATEMENT OF CHANGES IN NET ASSETS FOR THE YEAR ENDING 31 DECEMBER 2020 Balance as of 1 January 2019 Net Shortfall for the year Balance as of 31 December 2019 Balance as of 1 January 2020 Net surplus for the year Balance as of 31 December 2020 Accumulated Profits RM Total RM (4,353,699) (1,597,457) (5,951,156) (4,353,699) (1,597,457) (5,951,156) (5,951,156) 10,283,102 4,331,946 (5,951,156) 10,283,102 4,331,946 172 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020
 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 06 FINANCIAL STATEMENT 06 FINANCIAL STATEMENT LABUAN PORT AUTHORITY LABUAN PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) (Established Under Bintulu Port Authority Act, 1981) Bintulu Port Authority (Extension of Function) Order 2017 Bintulu Port Authority (Extension of Function) Order 2017 STATEMENT OF CASH FLOW STATEMENT OF CASH FLOW FOR THE YEAR ENDING 31 DECEMBER 2020 FOR THE YEAR ENDING 31 DECEMBER 2020 CASH FLOW FROM OPERATIONAL
 ACTIVITIES CASH FLOW FROM OPERATIONAL ACTIVITIES Surplus/ (Deficit) before tax Surplus/ (Deficit) before tax Adjustments for :- Adjustments for :- Repayments and Write-Offs Repayments and Write-Offs Depreciation Of Property, Plant and Equipment Depreciation Of Property, Plant and Equipment Profits from Investments Profits from Investments Financial Revenue Financial Revenue (Reversion) For LPA Debt Payment (Reversion) For LPA Debt Payment Interest Expenditures Interest Expenditures Operational Surplus/ (Deficit) Before Working Capital Changes Operational Surplus/ (Deficit) Before Working Capital Changes Changes In Working Capital:- Changes In Working Capital:- Changes in Receivable Exchange Transactions Changes in Receivable Exchange Transactions Changes in Various Receivable Accounts And Deposits Changes in Various Receivable Accounts And Deposits Changes in Accrued Expenditures Changes in Accrued Expenditures Cash Generated from/ (Used For) Operational Activities Cash Generated from/ (Used For) Operational Activities Interest Received Interest Received Net Cash Generated from/ (Used For) Operational Activities Net Cash Generated from/ (Used For) Operational Activities CASH FLOW FROM INVESTMENT ACTIVITIES CASH FLOW FROM INVESTMENT ACTIVITIES The Purchase Of Property, Plant And Equipment The Purchase Of Property, Plant And Equipment Adjustments From Assets To Expenditures Adjustments From Assets To Expenditures Net Cash Generate from Investment Activities Net Cash
 Generate from Investment Activities CASH FLOW FROM FINANCING ACTIVITIES CASH FLOW FROM FINANCING ACTIVITIES Financial Assistance Received Financial Assistance Received Net Cash Generate from Investment Activities Net Cash Generate from Investment Activities Net Cash and Cash Equivalent Surplus/ (Deficit) Net Cash and Cash Equivalent Surplus/ (Deficit) Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year
 Cash and cash equivalents at the end of the year Cash and cash equivalents comprise Cash and cash equivalents comprise Bank Balance Bank Balance Short term investment -STMMD Short term investment -STMMD * STMMD - Short term money market deposit * STMMD - Short term money market deposit 2020 2020 RM RM 2019 2019 RM RM 10,288,767 10,288,767 (1,596,211) (1,596,211) - - 118,222 118, 222 (17,265) (17, 265) (7, 326,000) (7,326,000) (510,898) (510,898) - - 2,552,826 2,552,826 (1,002,360) (1,002,360) (3,939) (3,939) 316,916 316,916 1,863,443 1,863,443 17,000 17,000 1,880,443 1,880,443 - - - - - - 1,326,000 1,326,000 1,326,000 1,326,000 3,206,443 3,206,443 224,617 224,617 3,431,060 3,431,060 1,664 1,664 118,339 118,339 (22,415) (22,415) - - - - 316,897 316,897 (1,181,726) (1,181,726) - - 119,286 119,286 1,791 1,791 (1,060,649) (1,060,649) 22,415 22,415 (1,038,234) (1,038,234) (9,300) (9,300) 1,112 1,112 (8,188) (8,188) - - - - (1,046,422) (1,046,422) 1,271,039 1,271,039 224,617 224,617 31,060 31,060 3,400,000 3,400,000 3,431,060 3,431,060 24,583 24,58 3 200,034 200,03 4 224,617 224,617 LAPORAN TAHUNAN 2020 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 173 173 06 FINANCIAL STATEMENT 06 FINANCIAL STATEMENT LABUAN PORT AUTHORITY LABUAN PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) (Established Under Bintulu Port Authority Act, 1981) The Statement
 of Comparison Between The Budget And Actual Amounts The Statement of Comparison Between The Budget And Actual Amounts BUDGETED AMOUNT BUDGETED AMOUNT Total Total INITIAL INITIAL RM RM FINAL FINAL RM RM ACTUAL ACTUAL RM RM * VARIANCE * VARIANCE FINAL BUDGET FINAL BUDGET AND ACTUAL AND ACTUAL RM RM * PERCENTAGE * PERCENTAGE VARIANCE VARIANCE NOTES NOTES % % - - - - 7,836,898 7,836,898 (7,836,898) (7,836,898) 100.00 100.00 i i 777,600 777,600 6,670,000 6,670,000 1,054,400 1,054,400 10,330,462 10,330,462 - - -
 - - - - - 1,054,400 1,054,400 3,315,808 3,315,808 17,265 17,265 219 219 - - 7,014,654 7,014,654 (17,265) (17,265) (219) (219) 0.00 0.00 211.55 211.55 -100.00 -100.00 -100.00 - ii ii iii iii iii iii iv iv v v iv iv RECEIPTS RECEIPTS Non-Exchange transactions Non-Exchange transactions Exchange Transactions Exchange Transactions Rentals Rentals Tariff Tariff Profits from Investments Profits from Investments Others Others Total Receipts Total Receipts Payments Payments Services and Supplies Services and Supplies Other Expenses Other Expenses New Policy/ One-Off New Policy/ One-Off Total Payment Total Payment Net Receipt Net Receipt 4,391,331 4,391,331 7,946,461 7,946,461 10,406,989 10,406,989 *In reference to variance between the final budget amount and the real amount.
Explanation notes for variance exceeding 20% Explanation notes for variance exceeding 20% i Non-Exchange transactions i Non-Exchange transactions Financial assistance from the Bintulu Port Authority (BPA) amounting to RM7,836,898 consists of three (3) sources as follows:- Financial assistance from the Bintulu Port Authority (BPA) amounting to RM7,836,898 consists of three (3) sources as follows:- (a) (a) (b) (b) (c) (c) ()'The ‘Start -up Grant’ which has been amended to ‘Financial Assistance’ amounts to RM6 million.
This financial assistance is subject to a profit ()'The ‘Start -up Grant’ which has been amended to ‘Financial Assistance’ amounts to RM6 million.
This financial assistance is subject to a profit rate of 5% per annum and is unsecured and expressed as a liability; rate of 5% per annum and is unsecured and expressed as a liability; () The financial assistance interest is charged as per the above paragraph amounts to RM510,898; and () The financial assistance interest is charged as per the above paragraph amounts to RM510,898; and () BPA's financial contribution to the Labuan Port Authority (LPA) amounted to RM1.326 million which is a contribution requested by LPA from () BPA's financial contribution to the Labuan Port Authority (LPA) amounted to RM1.326 million which is a contribution requested by LPA from BPA to cover operating costs during the transition period.


This Financial Assistance was originally stated as LPA debt to BPA (liability) as there is an element of repayment.

This Financial Assistance was originally stated as LPA debt to BPA (liability) as there is an element of repayment.
Referring to the views of the Legal Adviser of the Ministry of Transport Malaysia regarding the regularity of the initial grant or financial assistance Referring to the views of the Legal Adviser of the Ministry of Transport Malaysia regarding the regularity of the initial grant or financial assistance of RM6 million for 2017 and 2018 which has been channelled by BPA to LPA through memo MOT.100-1/1/1 JLD.4 (54) dated 4 December 2020 as of RM6 million for 2017 and 2018 which has been channelled by BPA to LPA through memo MOT.100-1/1/1 JLD.4 (54) dated 4 December 2020 as in paragraph 29 (d) below in paragraph 29 (d) below "(d) however, this Office is of the view that the said amount may be construed as payable by BPA to LPA to relieve BPA's functions under the "(d) however, this Office is of the view that the said amount may be construed as payable by BPA to LPA to relieve BPA's functions under the said Inquiry Order by using BPA revenue for the year concerned under Chapter 13 (2) (b) Act 243 for the following reasons: said Inquiry Order by using BPA revenue for the year concerned under Chapter 13 (2) (b) Act 243 for the following reasons: (i) as detailed in paragraph 27 of this Memo, this Office is of the view that one of the functions of the BPA is to administer and maintain the Port as the Federal Territory of Labuan and Victoria Bay Port (i) as mentioned in paragraphed 27 of this Memo, this Department is of the view that one of the functions of BPA is to administer and maintain the BPA fixed deposit interest, BPA land lease rent and land lease rent from BPA operator and paid to LPA account for the purpose use to pay Port of the Federal Territory of Labuan and Port of Victoria Bay.
LPA expenses such as payment of expenses of staff working at LPA. "
(ii) in accordance with the confirmation from BPA, the Amount is taken from BPA income and revenue through BPA fixed deposit interest, BPA , and the views of the National Audit Department through reference letter AUDIT/427: 8/16/1 Jld.6 (3) dated 12 April 2021 as in paragraph 2 land lease rental and land lease rental from BPA operator paid to LPA account for the purpose use to paid LPA expenses such as for the staff expenses working at LPA.

the following: - ".
the following: - ".

A total of RM6 million given to LPA can be recognized as BPA expenditure in the financial year 2020.” (iii) and the view of the National Audit Department through reference letter AUDIT/W/427:8/16/1 Jld.6 (3) dated 12 April 2021 as in paragraph 2 mentioned below: Accordingly, this financial assistance was amended to revenue in 2020 and this matter was not budgeted as this view was only obtained on 12 April 2021.

"iii.
"iii.

A total of RM6 million given to LPA can be recognized as BPA expenditure for the financial year 2020."

Accordingly, this financial assistance was amended to revenue in 2020 and this matter was not budgeted as this view was only obtained on 12 April 2021.
174 174 LAPORAN TAHUNAN 2020 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 06 FINANCIAL STATEMENT LABUAN PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) The Statement of Comparison Between The Budget And Actual Amounts Explanation notes for variance exceeding 20%(continued) ii Exchange Transactions - TARIFF There is a significant difference in the variance of revenue from tariffs due to the amount budgeted under the charge of costal charge amounting to RM6,800,000 could not be realized due to the economic slowdown as a result of the Movement Control Order (MCO) in response to the Covid- 19 pandemic.
iii Exchange Transactions - Profits from Investments and Others Profits from these investments are benefits and dividends from short -term investments (short term money market deposits - STMMD).

This budget was not prepared during the preparation of the 2020 budget was made on the grounds that at that time, the Labuan Port Authority (Victoria Bay Port) (Scale of Rates, Dues and Charges) Act 2020 through P.U.
(A) 108 has not been gazetted and the total cash of the LPA at that time was only sufficient to cover the operating costs of the LPA for the current year.
Other income is from the LPA vehicle insurance payment rebate received in 2020. iv Services and Supplies & New Policy Budget/ One-Off The services and supplies budget in 2020 could not be fully spent in 2020 due to the enforcement of MCO and the Conditional Movement Control Order (CMCO) in certain states, causing most meetings to be held by video conferencing and further reducing the movement of officers to attend meetings.
Meanwhile, the New Policy Budget/ One-Off could not be fully spent because most of the projects proposed under the One-Off Policy Budget could not be implemented in 2020 due to MCO in early 2020 and CMCO after that period.

v Other Expenses This is due to the land tax allocation of RM10,000 only being spent of RM840 following the transfer of allocation from the budget of this code to cover the cost of stamp duty.
LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 175 06 FINANCIAL STATEMENT LABUAN PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) - Bintulu Port Authority (Extension of Functions) Order 2017) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2020 1.
General Information 1.1 Establishment The port authority was established on 31 January 2017 as part of the Authority Act 1981 Extension of Power of Bintulu Port Authority under Act 243, Bintulu Port The Labuan Port was previously supervised by the Marine Department, Federal Territory of Labuan under, i. ii Merchant Shipping Ordinance (MSO) 1952 Section 474 to 485; and Boat Rules, 1953 ( No.

70/1952).

The port area limit comprises the entire island of Labuan.
Through the reference letter MOT.BM (S) .600-2/9/4 (6) dated 13 October 2016, the Malaysian Ministry of Transport (MOT) has approved the transfer of Labuan port operations from the Malaysian Marine Department, Federal Territory of Labuan by creating a new Port Authority (known as the Labuan Port Authority).

1.2 Main Activities The port authority functions as a statutory body as well as a port regulatory body.

LPA’s main scope consist development, administration, marketing, and supply of port services.
This is to ensure that the Port of Labuan functions as an efficient and effective gateway for merchant merchant ships in line with the declaration of Labuan as an international Offshore Financial Centre on 1 October 1990.

1.3 Functional Currency used in Financial Statement The financial statement is presented in Ringgit Malaysia ("RM") which is LPA’s functional and presentation currency.

2.
2.

Date of Financial Statement Approval This financial statement was presented and approved by the Port Authority’s Board of Directors on 22 April 2022 3.

Accounting Policies 3.1 Basis to the Preparation of Financial Statement The Financial Statements of the Board have been prepared in accordance with the Malaysian Public Sector Accounting Standards (MPSAS) and the provisions of the Port Authorities Act 1963, as well as in accordance with the historical cost convention.
The preparation of the financial statements requires judgements, estimates and assumptions that will affect the application of the policies and amounts for reported assets, liabilities, revenue and expenses.

The estimates and assumptions used will be reviewed on an ongoing basis.
Revisions to estimates and accounting assumptions are recognised in the period in which the estimates were reviewed, if the revisions affect only that period or future periods, and periods if the revisions affect current and future periods.

All judgements, estimates and assumptions that will have a significant effect on the amounts recognised in the financial statements are disclosed in Note 3.15 on the financial statement.
3.2 Changes in Accounting Policies There are no new or amended accounting standards that have been in effect during the current financial year that have had a material impact on BPA's financial statements.

There are no new or amended accounting standards that have been in effect during the current financial year that have had a material impact on BPA's financial statements.
176 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 06 FINANCIAL STATEMENT 06 FINANCIAL STATEMENT LABUAN PORT AUTHORITY LABUAN PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981)- Established Under Bintulu Port Authority Act, 1981)- Bintulu Port Authority (Extension of Functions) Order 2017) Bintulu Port Authority (Extension of Functions) Order 2017) NOTES TO THE FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2020 FOR THE YEAR ENDING 31 DECEMBER 2020 3.
Accounting Policies (Continued) 3.

Accounting Policies (Continued) 3.3 3.3 Properties, plants and equipment Properties, plants and equipment Properties, plants and equipment are stated at Properties, plants and equipment are stated at cost value cost value Properties, plant and equipment are stated at cost less accumulated depreciation and impairment losses, if any.
Cost includes all direct costs Properties, plant and equipment are stated at cost less accumulated depreciation and impairment losses, if any.

Cost includes all direct costs incurred in bringing the asset to a location and condition that will enable it to operate in the manner required by management.

Replacement incurred in bringing the asset to a location and condition that will enable it to operate in the manner required by management.
Replacement costs for any assets that require periodic replacement are capitalised while the carrying amount of the replaced portion is derecognised.

Daily costs for any assets that require periodic replacement are capitalised while the carrying amount of the replaced portion is derecognised.

Daily service costs will be recognised as expenses in the statement of financial performance.

service costs will be recognised as expenses in the statement of financial performance.
If an asset is acquired through a non -exchange transaction, cost should be measured at its fair value at the acquisition date.

These assets are If an asset is acquired through a non -exchange transaction, cost should be measured at its fair value at the acquisition date.
These assets are subsequently credited to the statement of financial performance, unless there are conditions for the use of the asset, in which case they need subsequently credited to the statement of financial performance, unless there are conditions for the use of the asset, in which case they need to be recognized in current liabilities.

to be recognized in current liabilities.


The carrying value of an investment property item is derecognised upon disposal or when no future economic benefits or service potential are The carrying value of an investment property item is derecognised upon disposal or when no future economic benefits or service potential are expected from its use or disposal.

The gain or loss on derecognition of an investment property is determined by comparing the net disposal expected from its use or disposal.
The gain or loss on derecognition of an investment property is determined by comparing the net disposal value with the carrying amount of the asset where the difference is accounted for as a gain or loss in the statement of financial performance.

value with the carrying amount of the asset where the difference is accounted for as a gain or loss in the statement of financial performance.
Property, plant and equipment are depreciated on a straight-line basis to write off the cost of the assets based on the estimated useful lives of Property, plant and equipment are depreciated on a straight-line basis to write off the cost of the assets based on the estimated useful lives of the assets.

The depreciation methods used and useful lifespan for the respective categories of property, plant and equipment are as follows: the assets.
The depreciation methods used and useful lifespan for the respective categories of property, plant and equipment are as follows: Computer software and others Computer software and others Office Equipment Office Equipment Motorised Vehicles Motorised Vehicles Furniture and equipment Furniture and equipment Yearly Rate Yearly Rate 33% 33% 10% 10% 20% 20% 10% 10% If there are signs of significant changes in factors affecting the residual value, life expectancy or useful pattern of an asset since the date of the If there are signs of significant changes in factors affecting the residual value, life expectancy or useful pattern of an asset since the date of the last annual report, the residual value, depreciation method and useful lifespan of the depreciable asset will be reviewed and adjusted prospectively.


Property, plant and equipment purchased valued at less than RM2,000 each are accounted for as an expense in the statement of financial Property, plant and equipment purchased valued at less than RM2,000 each are accounted for as an expense in the statement of financial performance.

performance.
performance.

3.4 3.4 Depreciation of Non-Financial Assets Depreciation of Non-Financial Assets 3.4.1 3.4.1 Cash Generating Assets Cash Generating Assets At each statement of financial position date, Authority reviews the carrying amounts of its assets to determine whether there At each statement of financial position date, Authority reviews the carrying amounts of its assets to determine whether there is any indication of impairment.
If any such indication exists, impairment is calculated by comparing the asset's carrying amount any indication of impairment.

If any such indication exists, impairment is calculated by comparing the asset's carrying amount is with its recoverable amount.

Recoverable amount is the higher of fair value less costs to sell and value in use.

with its recoverable amount.

Recoverable amount is the higher of fair value less costs to sell and value in use.
In determining value in use, future cash flows are discounted to their present value using a pre -tax discount rate that reflects In determining value in use, future cash flows are discounted to their present value using a pre -tax discount rate that reflects the current market value of the time value of money and the risks specific to the asset.

In determining fair value less costs to the current market value of the time value of money and the risks specific to the asset.
In determining fair value less costs to sell, recent market transactions are taken into account, if any.

If no recent market transactions have taken place, an sell, recent market transactions are taken into account, if any.

If no recent market transactions have taken place, an appropriate valuation model should be used.

appropriate valuation model should be used.


An impairment loss is recognised as an expense in the statement of financial performance immediately when the carrying An impairment loss is recognised as an expense in the statement of financial performance immediately when the carrying amount of the asset exceeds its recoverable amount.

amount of the asset exceeds its recoverable amount.
An impairment loss recognised in a prior period for an asset is reversed if, and only if, there has been a change in the An impairment loss recognised in a prior period for an asset is reversed if, and only if, there has been a change in the estimates used to determine the recoverable amount.

The reversal is recognised in the statement of financial performance.

estimates used to determine the recoverable amount.

The reversal is recognised in the statement of financial performance.
LAPORAN TAHUNAN 2020 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 177 177 06 FINANCIAL STATEMENT LABUAN PORT AUTHORITY Established Under Bintulu Port Authority Act, 1981) - Bintulu Port Authority (Extension of Functions) Order 2017) - NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2020 3.
Accounting Policies (Continued) 3.4 Depreciation of Non-Financial Assets (continued) 3.4.2 Non- cash Generating Assets Authority will assess at each reporting date whether there is any indication that non -cash generating assets may be impaired.

if any indication exists, then Authority will make an estimate of the total recoverable service of the asset.

The asset's recoverable service amount is the higher of fair value less costs to sell and value in use.
An impairment loss is recognised as an expense in the statement of financial performance immediately when the carrying amount of the asset exceeds its recoverable amount.

In determining value in use, Authority has adopted the depreciated replacement cost approach.

Under this approach, the present value of the remaining potential service assets of the asset is determined as the replacement cost of the depreciated asset.
Depreciated replacement cost is measured by taking into account the asset's replacement cost less accumulated depreciation calculated on that cost to reflect the service potential of the asset that has been used or has expired.
In determining the fair value less costs to sell, the price of the asset in the binding agreement is adjusted to determine If there is no binding agreement, but the asset is actively traded on the market, then the fair value less costs to sell is determined by reference to current market value less costs to dispose of.

If there is no binding sale agreement or active market for the asset, Authority determines the fair value less costs to sell based on the best available information.


For each asset, an assessment is made at each reporting date to determine whether there is any indication that a previously recognized impairment loss may no longer exist or has decreased.

If such an indication exists, Authority estimates the asset’s recoverable service amount.
A previously recognised impairment loss is reversed only if there has been a change in the assumptions used to determine the asset's recoverable service amount since the last recognized impairment loss was recognized.
Reversals are limited to the extent that the carrying amount of the asset does not exceed the recoverable amount of service or does not exceed the carrying amount that would have been possible after accumulated depreciation as no impairment loss was recognised for the asset in the previous year.

The reversal is recognised in the statement of financial performance.

3.5 Taxes Taxes in the statement of financial performance comprise current and deferred tax.
Current tax represents income tax that is expected to be charged on the basis of the current financial year's taxable surplus or deficit and is calculated at the tax rates in effect at the statement of financial position date and any adjustments to tax payable for prior years.

Deferred tax is provided using the liability method on temporary differences between the tax base and the carrying amount of assets and liabilities in the financial position.
In principle, a deferred tax liability is recognized for all taxable temporary differences and deferred tax assets are recognized for all tax-deductible temporary differences, unused tax losses and unused tax credits.

Deferred tax assets and liabilities are measured at the tax rates that are expected to be applied in the year the asset is realized if the liability is settled, based on tax rates and tax legislation that were enacted or substantially enacted at the reporting date.
178 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 06 FINANCIAL STATEMENT LABUAN PORT AUTHORITY Established Under Bintulu Port Authority Act, 1981) Bintulu Port Authority (Extension of Functions) Order 2017) - NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2020 3.
Accounting Policies (Continued) 3.6 Financial Assets 3.6.1 3.6.2 3.6.3 3.6.4 Financial liabilities are recognised in the statement of financial position when Authority becomes a party to the contractual provisions of the instrument.

On initial recognition, financial assets are measured at fair value, including transaction costs for financial assets not measured at fair value through surplus or deficit, which are directly attributable to recognizing the financial asset.
Subsequent to initial recognition, financial assets are classified into one of four categories of financial assets, namely financial assets measured at fair value through surplus or deficit, loans and receivables, held -to -maturity investments and available - for -sale financial assets.
Purchases or sales of financial assets that require delivery of the assets within the time period specified by regulations or conventions in the market will be recognized on the date the transaction is made, which is the date on which Authority makes a commitment to buy or sell the asset.
3.6.5 The financial asset categories owned by Authority comprise: i) (ii) Loans and Receivables Loans and receivables are non -derivative financial assets with fixed or determinable payments that are not quoted in an active market.

Subsequent to initial measurement, the financial assets are subsequently measured at amortised cost using the effective interest method and less impairment.
Amortised cost is calculated taking into account any discounts or premiums on the purchase of the asset as well as fees or costs that form part of the effective interest rate.

Losses arising from impairment are recognized in the statement of financial performance.

Held To Maturity Investments Non -derivative financial assets with fixed or determinable and fixed payment maturities are classified as held -to -maturity investments when Authority has the positive intent and ability to hold to maturity.
Subsequent to initial measurement, held -to -maturity investments are measured at amortised cost using the effective interest method and less impairment.

Amortisation cost is calculated by taking into account any discounts or premiums on acquisition and fees or costs that form part of the effective interest rate.

Losses arising from impairment are recognized in the statement of financial performance.
3.6.6 Depreciation of Non-Financial Assets At the end of each reporting period, Authority assesses whether there is any objective evidence that a financial asset is required to be impaired.

Objective evidence include i) (ii) (iii) iv) Significant financial difficulties faced by borrowers; Deferred payment ; The likelihood that the borrower will go bankrupt; or The data shows a decline in future cash flow estimates.
For financial asset categories measured at amortised cost, if no objective evidence exists of a significant individual, then all assets on the Board that have similar risk characteristics regardless of whether they are material or not, will be collectively assessed to determine whether it needs to be considered as impairment.
An impairment loss, in respect of a financial asset measured at amortized cost, is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the original effective interest rate.

The carrying value of the asset will be reduced through the use of an allowance account.

This reversal is recognised in the statement of financial performance immediately.
If, in a subsequent period, any amount of the impairment loss decreases, the previously recognised impairment loss will be reversed directly to the allowance account.

This reversal is recognised in the statement of financial performance immediately.
3.6.7 Derecognition of Financial Assets Financial assets are derecognised when the contractual rights to cash flows from the financial asset expire or are completed and the Board has transferred the significant risks and rewards of ownership of the financial asset to another party.

On derecognition of a financial asset as a whole, the difference between the carrying amount and the amount of consideration received is recognised in the statement of financial performance in the period of derecognition.
LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 179 06 FINANCIAL STATEMENT LABUAN PORT AUTHORITY Established Under Bintulu Port Authority Act, 1981) - Bintulu Port Authority (Extension of Functions) Order 2017) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2020 3.
Accounting Policies (Continued) 3.7 Income Recognition 3.7.1 Revenue from non-exchange transactions Non -exchange transactions are recognised as an asset when there are future economic benefits or service potential expected to flow into the entity, as a result of past events and the fair value of the asset can be reasonably measured.
Non -exchange transactions recognised as assets are recognised as revenue, except to the extent that liabilities are also recognised in respect of the same inflows as deferred in the statement of financial position.

When an obligation on a liability has been met, the entity shall reduce the carrying amount of the recognised liability and recognise an amount of revenue equal to the reduction.
3.7.2 Revenue from Exchange Transactions Revenue from an exchange transaction is recognized when it is probable that future economic benefits or service potential will flow to the entity and these benefits can be measured reliably.

The results of the exchange transactions are as follows: i) (ii) Rental and Lease Collection Rental and lease revenues are charged on Authority assets in accordance with the terms of the lease agreement.
Rental and lease income is recognised on an accrual basis after the right to receive payment has been established.

Profits from Investments Profits from investments are recognised on a time proportion basis that takes into account the effective rate of return on the asset.

The effective rate of return on an asset is the rate of profit required to discount the expected future cash receipts flows over the life of the asset to equate to the initial carrying amount of the asset.
3.8 Provisions Provisions are recognised when Authority has a current obligation (legal or constructive) as a result of past events, it is probable that an outflow of resources bearing economic benefits will need to be made to settle the obligation and the amount of the obligation can be estimated reliably.

When Authority expects some or all of the provisions to be repaid, expenses related to the provisions are disclosed in the statement of financial performance from any refunds.
3.9 Cash and Cash Equivalents The cash flow statement was prepared using the indirect method.

Cash and cash equivalents consist of cash on hand and at banks as well as highly liquid investments with licensed banks and financial institutions with maturities of twelve months or less that are readily convertible to known amounts of cash and are subject to an insignificant risk of changes in value.

3.10 Budget Information The annual budget is prepared on a cash basis.
As the financial statements are prepared on an accrual basis, a Statement of Comparison of Budget and Actual is prepared separately.

This statement has been prepared using the basis of annual budget preparation.

This annual budget was tabled in the Authority Finance and Planning Committee Meeting for approval and tabled in the Authority Board Meeting for approval and subsequently raised for the approval of the Minister of Transport Malaysia.
3.11 Offsetting Financial Instrument Financial assets and financial liabilities are only offset if, and only if, there is a legal right to offset them and there is an intent to settle them at net worth or to realize the asset and settle the liability simultaneously.

3.12 Related Parties Authority treats key management personnel as persons or entities with the a bility to exercise control individually or collectively, or to exercise significant influence over Authority, or vice versa.
Key management personnel are considered related parties and consist of the and members of Authority Board of Directors.

180 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 06 FINANCIAL STATEMENT LABUAN PORT AUTHORITY Established Under Bintulu Port Authority Act, 1981) - - Bintulu Port Authority (Extension of Functions) Order 2017) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2020 3.
Accounting Policies (Continued) 3.13 Contingent Liabilities and Contingent Assets 3.13.1 3.13.2 Contingent liabilities are current obligations that are not recognised because there is no probability that an outflow of resources will be required to settle the obligation or in very rare cases where the liability cannot be recognised because it cannot be measured reliably.

Contingent liabilities are not recognised but are disclosed in the financial statements.
Obligations arising from past events, the existence of which can only be confirmed through the occurrence or non -occurrence of one or more uncertain future events, not under Authority overall control are also disclosed as contingent liabilities unless the probability of economic resource outflows is small.
Contingent assets are assets that are likely to arise from past events whose existence will only be confirmed upon the occurrence or non -occurrence of one or more uncertain future events that are not within the full control of the Authority.

Authority does not recognise contingent assets in the financial statements but discloses their existence where an inflow of economic benefits is probable, but uncertain.
3.14 Financial Liabilities 3.14.1 3.14.2 Financial liabilities are recognised in the statement of financial position when Authority becomes a party to the contractual provisions of the instrument.

On initial recognition, financial assets are measured at fair value, including transaction costs for financial assets not measured at fair value through surplus or deficit, which are directly attributable to recognizing the financial asset.
3.14.3 Subsequent to initial recognition, financial liabilities are classified into one of two categories of financial liabilities, namely financial liabilities measured at fair value through surplus or deficit and loans and payables.

3.14.4 Authority financial liabilities are categorised as : i) Loans and Payables Subsequent to initial recognition, loans and payables are measured at amortised cost using the effective interest method.
Gains or losses are recognised in the statement of financial performance when the financial liability is derecognised or impaired.

The effective interest method is a method for calculating the amortised cost of a financial liability and for allocating interest expense over the relevant period.
The effective interest rate is the rate at which the estimated future cash payments are discounted precisely over the life of the financial liability or, where appropriate, a shorter period, by the carrying value of the financial liability.

3.14.5 Derecognition of Financial Assets A financial liability is derecognised when the obligations specified in the contract are discharged, cancelled or expire.
Any difference between the carrying amount of the derecognised financial liability and the consideration paid is recognized in the statement of financial performance in the period of derecognition.

3.15 Critical Accounting Considerations and Key Sources of Estimated Uncertainty 3.15.1 Critical Accounting Judgements There are no critical accounting judgments other than those described below, which have a material effect on the basis of the amounts recognized in the financial statements.
i) Authority as The Lease Provider Authority has entered into several lease agreements in which Authority is the lessor.

Authority has determined, based on an assessment of the terms and conditions of the agreement that it retains all risks and rewards of assets ownership and accounts for the lease agreement as an operating lease.
LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 181 06 FINANCIAL STATEMENT 06 FINANCIAL STATEMENT LABUAN PORT AUTHORITY LABUAN PORT AUTHORITY Established Under Bintulu Port Authority Act, 1981)) - (Established Under Bintulu Port Authority Act, 1981) - Bintulu Port Authority (Extension of Functions) Order 2017) Bintulu Port Authority (Extension of Functions) Order 2017) NOTES TO THE FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2020 FOR THE YEAR ENDING 31 DECEMBER 2020 Accounting Policies (Continued) Accounting Policies (Continued) 3.15 3.15 Critical Accounting Considerations and Key Sources of Estimated Uncertainty (Continued) Critical Accounting Considerations and Key Sources of Estimated Uncertainty (Continued) 3.15.2 3.15.2 Major sources of budget uncertainty Major sources of budget uncertainty The key estimates of the future, and other key sources of estimation uncertainty at the reporting date, which have a significant The key estimates of the future, and other key sources of estimation uncertainty at the reporting date, which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities in the ensuing financial year are as risk of causing a material adjustment to the carrying amounts of assets and liabilities in the ensuing financial year are as follows: follows: i) i) (ii) (ii) Impairment Losses on Receivables Impairment Losses on Receivables Authority assesses at each reporting date whether there is any objective evidence that a financial asset is Authority assesses at each reporting date whether there is any objective evidence that a financial asset is impaired.
To determine whether there is objective evidence of impairment, Authority considers factors such impaired.

To determine whether there is objective evidence of impairment, Authority considers factors such as insolvency of the debtor and significant default or late payment.

If there is objective evidence of impairment, as insolvency of the debtor and significant default or late payment.
If there is objective evidence of impairment, the amount and timing of future cash flows are estimated based on historical loss experience for assets with the amount and timing of future cash flows are estimated based on historical loss experience for assets with similar credit risk characteristics.

similar credit risk characteristics.


The Average Changes in The Lifetime of Properties, Plants and Equipment The Average Changes in The Lifetime of Properties, Plants and Equipment All properties, plants and equipment are depreciated in a straight line method throughout each asset’s All properties, plants and equipment are depreciated in a straight line method throughout each asset’s lifetime.

Changes in estimated patterns of asset utilisation and technological development can affect the lifetime.
Changes in estimated patterns of asset utilisation and technological development can affect the useful life and residual value of those assets.

This will cause the depreciation or amortisation of assets in the useful life and residual value of those assets.

This will cause the depreciation or amortisation of assets in the future to be reviewed.

future to be reviewed.


3.16 3.16 Lease Lease 3.16.1 3.16.1 Lease Receiver Lease Receiver Authority as the Authority as the Finance leases transfer, most of the risks and rewards associated with the ownership of the leased asset to Authority as the Finance leases transfer, most of the risks and rewards associated with the ownership of the leased asset to Authority as the leases.
Initial recognition for finance leases recognizes assets and liabilities at the lower of the fair value of the leased asset leases.

Initial recognition for finance leases recognizes assets and liabilities at the lower of the fair value of the leased asset and the present value of the minimum lease and the present value of the minimum lease payments.

payments.
payments.

Subsequent to initial recognition, lease payments are apportioned between finance charges and a reduction of the lease Subsequent to initial recognition, lease payments are apportioned between finance charges and a reduction of the lease liability to achieve a constant interest rate on the remaining liability.

Finance charges are recognised as finance costs in the liability to achieve a constant interest rate on the remaining liability.
Finance charges are recognised as finance costs in the statement of financial performance.

statement of financial performance.

Assets held under financial leases are depreciated over the useful lives of the assets.

However, if there is no reasonable Assets held under financial leases are depreciated over the useful lives of the assets.
However, if there is no reasonable certainty that Authority will acquire ownership of the asset at the end of the lease term, the asset is depreciated over its certainty that Authority will acquire ownership of the asset at the end of the lease term, the asset is depreciated over its estimated useful lives and the lease term.

estimated useful lives and the lease term.

Operational leases, retain most of the risks and rewards of the lessor’s ownership.
It is recognised systematically over the term Operational leases, retain most of the risks and rewards of the lessor’s ownership.

It is recognised systematically over the term of the lease.

Lease improvements are capitalised and the cost is amortised over the remaining term of the lease or the of the lease.

Lease improvements are capitalised and the cost is amortised over the remaining term of the lease or the estimated useful life of the improvement over a shorter period.
Lease incentives received are recognised at a flat rate over the estimated useful life of the improvement over a shorter period.

Lease incentives received are recognised at a flat rate over the erm of the lease as a reduction of rental expense.

t term of the lease as a reduction of rental expense.
3.16.2 3.16.2 Authority as the Lease Provider Authority as the Lease Provider Leases in which authority does not transfer substantially all the risks and rewards of ownership of an asset are classified as Leases in which LPL does not transfer substantially all the risks and rewards of ownership of an asset are classified as operational leases.

Initial direct costs incurred in negotiating an operating lease are added to the carrying amount of the leased operational leases.
Initial direct costs incurred in negotiating an operating lease are added to the carrying amount of the leased asset and recognised over the lease term.

asset and recognised over the lease term.

3.17 3.17 Expenses Expenses 3.17.1 3.17.1 3.17.2 3.17.2 General Expenses General Expenses Expenses is recognised in the duration it occurs or been charged.

Expenses is recognised in the duration it occurs or been charged.
Financial Cost Expenses Financial Cost Expenses Financial cost expences are recognised in the statement of financial performance.

Financial cost expences are recognised in the statement of financial performance.
182 182 LAPORAN TAHUNAN 2020 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 06 FINANCIAL STATEMENT LABUAN PORT AUTHORITY Established Under Bintulu Port Authority Act, 1981)) - Bintulu Port Authority (Extension of Functions) Order 2017) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2020 4.
Receivables From Exchange Transactions The credit tenure in Authority is usually between 14 to 90 days (2019: 30 to 90 days).

Other credit periods are assessed and approved on a case-by-case basis.

Port tariffs and Lay-up Dues debtors Foreshore Charges Debtors Additional Lease rental debtors The ageing analysis of exchange transactions receivable is as follows: Overdue and Not Depreciated 5.
Various receivable accounts and deposits Electrical Security Deposit Building Rental Security Deposit Receivable Deposit Receivable Profits from Investment 6.

Short term investments CIMB Bank Berhad The average profit rate at the statement of financial position date is 1.25% per week.

7.
Bank Balance CIMB Bank Berhad 2020 RM 2019 RM 322,548 744,612 - 1,067,160 - - 64,800 64,800 2020 RM 2019 RM 1,067,160 64,800 2020 RM 2019 RM - 23,280 25,137 265 48,682 13,806 30,612 - 60 44,478 2020 RM 2019 RM 3,400,000 200,034 2020 RM 2019 RM 31,060 24,583 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 183 06 FINANCIAL STATEMENT LABUAN PORT AUTHORITY Established Under Bintulu Port Authority Act, 1981)) - Bintulu Port Authority (Extension of Functions) 2017) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2020 8.
Properties, plants and equipment Cost Office Equipment, Computer software and others Motorised Vehicles Furniture and equipment Accumulated Depreciation Office Equipment, Computer software and others Motorised Vehicles Furniture and equipment Cost Office Equipment, Computer software and others Motorised Vehicles Furniture and equipment Accumulated Depreciation Office Equipment, Computer software and others Motorised Vehicles Furniture and equipment Balance as at 01.01.2020 RM 148,401 463,399 60,040 671,840 Increment RM Adjustment RM Write Off RM - - - - - - - - - - - - Balance as at 31.12.2020 RM 148,401 463,399 60,040 671,840 Balance as at 01.01.2020 RM Depreciation Current Year RM Adjustment RM Write Off RM Balance as at 31.12.2020 RM 31,389 236,924 12,592 280,905 19,538 92,680 6,004 118,222 - - - - - - - - Balance as at 01.01.2019 RM 141,181 465,699 60,040 666,920 Increment RM Adjustment RM Write Off RM 9,300 - - 9,300 - (2,300) - (2,300) (2,080) - - (2,080) 148,401 463,399 60,040 671,840 Balance as at 01.01.2019 RM Depreciation Current Year RM Adjustment RM Write Off RM Balance as at 31.12.2019 RM 12,610 144,972 6,588 164,170 19,195 93,140 6,004 118,339 - (1,188) - (1,188) (416) - - (416) 31,389 236,924 12,592 280,905 50,927 329,604 18,596 399,127 Balance as at 31.12.2019 RM Carried Value Office Equipment, Computer Software and Others Motorised Vehicles Furniture and equipment Balance as at 31.12.2020 RM Balance as at 31.12.2019 RM 97,474 133,795 41,444 272,713 117,012 226,475 47,448 390,935 184 LAPORAN
 TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 06 FINANCIAL STATEMENT 06 FINANCIAL STATEMENT LABUAN PORT AUTHORITY LABUAN PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) (Established Under Bintulu Port Authority Act, 1981) -Bintulu Port Authority (Extension of Functions) Order 2017) -Bintulu Port Authority (Extension of Functions) Order 2017) NOTES TO THE FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2020 FOR THE YEAR ENDING 31 DECEMBER 2020 9.
Various accounts payable and accrued expenses 9.

Various accounts payable and accrued expenses Land Rental Deposit From Land Rental Deposit Straits Inter Logistics Berhad Accrued creditors Accrued creditors Straits Inter Logistics Berhad 10.

Rent Received In Advance 10.

Rent Received In Advance Straits Inter Logistics Berhad - Land Lease Rental January 2021 Straits Inter Logistics Berhad - Land Lease Rental January 2021 11.

Financial Assistance 11.
Financial Assistance Financial Assistance from BPA Financial Assistance from LPB Analysed as follow: Analysed as follow: Current Current Non-current Non-current 2020 2020 RM RM 2019 2019 RM RM 300,000 300,000 70,285 70,285 370,285 370,285 - - 78,045 78,045 78,045 78,045 2020 2020 RM RM 2019 2019 RM RM 0 0 90,0 0 90,0 0 90,000 90,000 800 800 64, 64, 64,800 64,800 2020 2020 RM RM 2019 2019 RM RM - - 6,510,898 6,510,898 2020 2020 RM RM 2019 2019 RM RM - - - - - - 1,000,000 1,000,000 5,510,898 5,510,898 6,510,898 6,510,898 As stated in the Explanatory Note for variants exceeding 20% on page 8, this financial assistance amounting to RM6,510,898 was amended to revenue As stated in the Explanatory Note for variants exceeding 20% on page 174,this financial assistance amounting to RM6,510,898 was amended to revenue in 2020 following the legal views of the Legal Adviser of the Ministry of Transport Malaysia on the regularity of start-up grants or financial assistance.
of in 2020 following the legal views of the Legal Adviser of the Ministry of Transport Malaysia on the regularity of start-up grants or financial assistance.
of RM6 million for 2017 and 2018 which has been channelled by LPB to LPL through reference memo MOT.100-1/1/1 JLD.4 (54) dated 4 December 2020 RM6 million for 2017 and 2018 which has been channelled by BPA to LPA through reference memo MOT.100-1/1/1 JLD.4 (54) dated 4 December 2020 and the views of the National Audit Department through reference letter AUDIT/W/ 427: 8/16/1 Vol.6 (3) dated 12 April 2021. and the views of the National Audit Department through reference letter AUDIT/W/ 427: 8/16/1 Vol.6 (3) dated 12 April 2021.
12.

Receivables From Exchange Transactions 12.

Receivables From Exchange Transactions Capitol Hotel Sdn Bhd Capitol Hotel Sdn Bhd 13.

Deferred Tax Liability 13.

Deferred Tax Liability Properties, plants and equipment Properties, plants and equipment Balance as of 01 January Balance as of 01 January Transfer to the statement of financial performance (Note 20) Transfer to the statement of financial performance (Note 20) Balance as of 31 December Balance as of 31 December 14.

Non-Exchange transactions 14.
Non-Exchange transactions LPB Financial Revenue BPA Financial Revenue Revers ion for LPA debt payment Reversion for LPL debt payment 2020 2020 RM RM 2019 2019 RM RM - - 524 524 2020 2020 RM RM 2019 2019 RM RM 21,719 21,719 1,232 1,232 22,951 22,951 20,473 20,473 1,246 1,246 21, 719 21, 719 2020 2020 RM RM 2019 2019 RM RM 7,326,000 7,326,000 510,898 510,898 7,836,898 7,836,898 - - - - - - Please refer to the explanation notes for variance exceeding 20% in page 162 and the explanation notes in Note 11.
Please refer to the explanation notes for variance exceeding 20% in page 174 and the explanation notes in Note 11.
LAPORAN TAHUNAN 2020 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 185 185 06 FINANCIAL STATEMENT LABUAN PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) - Bintulu Port Authority (Expansion of Functions) Order 2017) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2020 15.

Exchange Transactions Rentals Tariff Profits from Investments Others 16.
Services and Supplies Travel and Living Expenses Goods Transport Communication And Utilities Rentals Supply Of Raw Materials and Materials For Maintenance And Repair Supplies And Other Materials Maintenance And Minor Repairs Purchased Professional And Other Services Purchased and Hospitality 17.

Other expenses Taxes, land tax, quit rent, road tax, supply and services tax and stamp duty Insurance Bank Commission and Charges Association Fees 18.
Financial Cost Profits are charged from financial assistance 19.

Surplus/ (Deficit) Before Tax Surplus/Deficit before tax obtained after auditor fee charges of RM27,593 (2019: RM26.035) 20.
Taxes Corporate Tax Deferred Tax (Note 13) In relation to the recognition and reversal of temporary time differences Deficit/(Surplus) of previous year deferred tax allocation 2020 RM 2019 RM 1,054,400 3,315,808 17,265 219 4,387,692 777,600 - 22,415 3,672 803,687 2020 RM 2019 RM 463,418 - 10,368 151,364 3,410 7,183 22,585 1,151,280 1,809,608 560,418 2,820 1,934 190,457 3,106 2,165 26,596 1,162,962 1,950,458 2020 RM 2019 RM 1,520 6,405 68 - 7,993 1,373 9,370 207 1,590 12,540 2020 RM 2019 RM - 316,897 2020 RM 2019 RM 4,433 - 965 267 1,232 5,665 1,395 (149) 1,246 1,246 186 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 06 FINANCIAL STATEMENT 06 FINANCIAL STATEMENT LABUAN PORT AUTHORITY LABUAN PORT AUTHORITY Established Under Bintulu Port Authority Act, 1981)- Established Under Bintulu Port Authority Act, 1981)- Bintulu Port Authority (Extension of Functions) Order 2017) Bintulu Port Authority (Extension of Functions) Order 2017) NOTES TO THE FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2020 FOR THE YEAR ENDING 31 DECEMBER 2020 20.
Taxes (Continued) 20.
Taxes (Continued) The adjustment of tax expense with accounting profit/(loss) is as follows: The adjustment of tax expense with accounting profit/(loss) is as follows: Surplus/ (Deficit) before Surplus/ (Deficit) before tax tax Tax at the current income tax rate of 24%(2019: 24%) Tax at the current income tax rate of 24%(2019: 24%) Expenses not allowed for tax purposes Expenses not allowed for tax purposes Untaxed Revenue Untaxed Revenue Deficit/(Surplus) of previous year deferred tax provision Deficit/(Surplus) of previous year deferred tax provision (Tax saving)/Unrecognised deferred tax assets (Tax saving)/Unrecognised deferred tax assets 2020 2020 RM RM 2019 2019 RM RM 10,288,767 10,288,767 (1,596,211) (1,596,211) 2,469,304 2,469,304 52,474 52,474 (1,880,856) (1,880,856) 267 267 (635,524) (635,524) 5,665 5,665 (383,091) (383,091) 32,440 32,440 - - (149) (149) 352,046 352,046 1,246 1,246 Subject to the approval of the Inland Revenue Board, the following deferred tax assets are derecognised due to the uncertainty of their future use.


Unused Deductions Unused Deductions Unabsorbed capital allowance Unabsorbed capital allowance 21.

Human Resource 21.

Human Resource 2020 2020 RM RM 2019 2019 RM RM 716,266 716,266 - - 3,078,851 3,078,851 245,879 245,879 For the financial year ending 2020, Authority does not have any permanent officers and staff.
Authority operation is managed by BPA officers and staff in a For the financial year ending 2020, Authority does not have any permanent officers and staff.

Authority operation is managed by BPA officers and staff in a rotation basis, as follows, rotation basis, as follows, Top Management Top Management Management and Professional Management and Professional Support Staff Support Staff 22.

Remuneration of Key Management Personnel 22.


Remuneration of Key Management Personnel 2020 2020 Total Total 2019 2019 Total Total 1 1 28 28 57 57 1 1 28 28 57 57 Key management personnel consist of personnel with the authority and responsibility for planning, directing and controlling the activities of Authority Key management personnel consist of personnel with the authority and responsibility for planning, directing and controlling the activities of Authority either directly or indirectly.
The key management consists of the Chairman and members of the Board of Directors appointed by the either directly or indirectly.

The key management consists of the Chairman and members of the Board of Directors appointed by the Honourable Minister of Honourable Minister of personnel personnel Transport.

Transport.

Total Remuneration Total Remuneration Total number of Key Management Personnel Total number of Key Management Personnel 23.

Financial Instrument- Basis of Financial Risks 23.
1 23.1 Financial risk management objectives and policies Financial risk management objectives and policies 2020 2020 RM RM 2019 2019 RM RM 376,023 376,023 329,233 329,233 10 10 people people 10 10 people people Authority financial risk management policy aims to ensure that there are adequate financial resources for business development, managing Authority financial risk management policy aims to ensure that there are adequate financial resources for business development, managing credit credit not to involve LPA in speculative transactions.


risk, market risk and liquidity risk.

Authority operates under clearly defined guidelines approved by the Board and risk, market risk and liquidity risk.

Authority operates under clearly defined guidelines approved by the Board and policy is policy is Authority Authority 23.2 23.2 Credit Risk Credit Risk Credit risk or the risk of third parties failing to pay, is controlled by the application of strict credit approval procedures, limits and supervision.
LAPORAN TAHUNAN 2020 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 187 187 06 FINANCIAL STATEMENT 06 FINANCIAL STATEMENT LABUAN PORT AUTHORITY Established Under Bintulu Port Authority Act, 1981) - Bintulu Port Authority (Extension of Functions) Order 2017) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2020 23.
Financial Instrument- Basis of Financial Risks (continued) 23.3 Market Risk Market risk is the risk of changes in market prices such as interest rates, which affect Authority income or the holding value of its financial instruments.

The objective of market risk management is to manage and control market risk exposures within acceptable parameters, while optimizing risk -based returns.
The weighted average interest rates and maturity profiles of's financial instruments as at 31 December 2020 are as follows: Financial Assets Short term investments Bank Balance Financial Liabilities Financial Assistance Average Weighted Interest Rate 2020 % 1.25 1.00 2019 % 2.45 1.00 2020 RM 2019 RM 3,400,000 31,060 3,431,060 200,034 24,583 224,617 5.00 5.00 - 5,510,898 Interest Rate Sensitivity Analysis If the weighted average interest rate as at 31 December 2020 is 100 basis points higher or lower, interest income and interest expense will be affected as follows: ON 31 DECEMBER 2020 Short term investments Bank Balance Financial Assistance On 31 December 2020 Short term investments Bank Balance Financial Assistance 23.4 Risk of Liquidity Increment (Decrement) Basis Points % +100/-100 +100/-100 +100/-100 +100/-100 +100/-100 +100/-100 Increment/Decrement of Annual Surplus RM RM (76,500) (621) - (77,121) (6,901) (492) 330,654 323,261 (8,500) - - (8,500) (2,900) - 220,436 217,536 Liquidity risk is the risk that Authority will face difficulties in meeting its financial obligations due to lack of funds.
Authority exposure to risk arises from differences in the maturities of financial assets and financial liabilities.

The table below shows the maturity profile of liabilities at the reporting date based on repayment obligations without contractual discounts.
Authority ON 31 DECEMBER 2020 Accrued Expenses Financial Assistance On 31 December 2020 Accrued Expenses Financial Assistance Within Period One year RM Exceeding Period One year RM 370,285 - 370,285 142,845 1,000,000 1,142,845 - - - - 5,510,898 5,510,898 Total RM 370,285 - 370,285 142,845 6,510,898 6,653,743 Authority manages liquidity and cash flow risk by ensuring sufficient cash and providing sufficient funds to meet commitments from operating expenses and financial liabilities.
188 188 LAPORAN TAHUNAN 2020 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 06 FINANCIAL STATEMENT 06 FINANCIAL STATEMENT LABUAN PORT AUTHORITY Established Under Bintulu Port Authority Act, 1981) - Bintulu Port Authority (Extension of Functions) Order 2017) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2020 23.
Financial Instrument- Basis of Financial Risks (continued) 23.3 Market Risk Market risk is the risk of changes in market prices such as interest rates, which affect Authority income or the holding value of its financial instruments.

The objective of market risk management is to manage and control market risk exposures within acceptable parameters, while optimizing risk -based returns.
The weighted average interest rates and maturity profiles of's financial instruments as at 31 December 2020 are as follows: Financial Assets Short term investments Bank Balance Financial Liabilities Financial Assistance Average Weighted Interest Rate 2020 % 1.25 1.00 2019 % 2.45 1.00 2020 RM 2019 RM 3,400,000 31,060 3,431,060 200,034 24,583 224,617 5.00 5.00 - 5,510,898 Interest Rate Sensitivity Analysis If the weighted average interest rate as at 31 December 2020 is 100 basis points higher or lower, interest income and interest expense will be affected as follows: ON 31 DECEMBER 2020 Short term investments Bank Balance Financial Assistance On 31 December 2020 Short term investments Bank Balance Financial Assistance 23.4 Risk of Liquidity Increment (Decrement) Basis Points % +100/-100 +100/-100 +100/-100 +100/-100 +100/-100 +100/-100 Increment/Decrement of Annual Surplus RM RM (76,500) (621) - (77,121) (6,901) (492) 330,654 323,261 (8,500) - - (8,500) (2,900) - 220,436 217,536 Liquidity risk is the risk that Authority will face difficulties in meeting its financial obligations due to lack of funds.
Authority exposure to risk arises from differences in the maturities of financial assets and financial liabilities.

The table below shows the maturity profile of liabilities at the reporting date based on repayment obligations without contractual discounts.
Authority ON 31 DECEMBER 2020 Accrued Expenses Financial Assistance On 31 December 2020 Accrued Expenses Financial Assistance Within Period One year RM Exceeding Period One year RM 370,285 - 370,285 142,845 1,000,000 1,142,845 - - - - 5,510,898 5,510,898 Total RM 370,285 - 370,285 142,845 6,510,898 6,653,743 Authority manages liquidity and cash flow risk by ensuring sufficient cash and providing sufficient funds to meet commitments from operating expenses and financial liabilities.
188 LAPORAN TAHUNAN 2020 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 189 06 FINANCIAL STATEMENT LABUAN PORT AUTHORITY Established Under Bintulu Port Authority Act, 1981) - Bintulu Port Authority (Extension of Functions) Order 2017) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2020 23.
Financial Instrument- Basis of Financial Risks (continued) 23.5 Management of Capital Risk The main objective of Authority capital management is to ensure that there is sufficient cash to support Authority financing needs including capital expenditure as well as to ensure that it remains financially sound.

Authority constantly monitors its cash flow to ensure that every Authority commitment is met when the need arises.
23.6 Fair value The fair value of financial assets and liabilities is the amount by which the instrument can be exchanged in a current transaction between interested parties, other than in a forced sale or liquidation.

The fair values of financial assets and financial liabilities equal their fair values because they have a short duration.

24.
24.

Notes On The Statement of Comparison Between The Budgeted And Actual Amounts Lembaga 2020 Budget has been approved and presented on a cash basis for the financial period between 1 January 2020 to 31 December 2020.

The initial budget i.e.

Labuan Port Authority's (LPA) Proposed Budget Year 2020 has been approved by the Honourable Minister of Transport Malaysia through a letter of reference MOT.400-4/1/28 (12) dated 24 January 2020.
The budget was subsequently amended through the Proposed Review of the 2020 Budget and the First Supplementary Budget for 2020 and was approved by Minister of Transport Malaysia through reference letter MOT.400 -4/1/24 Jld.4 (9) dated 28 October 2020.

The budget was prepared using a different basis than the financial statement.

The financial statement was prepared on an accrual basis while the budgets are prepared on a cash basis.
The amounts in these financial statements have been restructured from an accrual basis to a cash basis and reclassified with the presentation being on the same basis as the approved budget.

A comparison of budget and actual amounts, prepared in comparison with the approved budget, is then presented in the budget and actual comparison statement.
In addition to these basic differences, adjustments to the amounts in the financial statements were also made for differences in the format and classification adopted for the presentation of the approved financial statements and budget.

Time differences exist when the period in which the budget was prepared differs from the period in which the financial statement being prepared.
Entity differences exist when the budget does not take into account programs or activities not recorded in these financial statements.

The adjustment between the actual amount as disclosed in the comparative budget and actual statement and the actual amount in the cash flow statement for the financial year ended 31 December 2020 is as follows: Actual amount in the Cash Flow Statement Budget and actual amount Time Difference Actual amount in the Cash Flow Statement 25.
Comparative Figures Operations RM Funding RM Total RM 10,406,989 (8,526,546) 1,880,443 - 1,326,000 1,326,000 10,406,989 (7,200,546) 3,206,443 Some of the following comparative figures have been reclassified to take into account the classifications in the current financial year.
Effects on statement of cash flow Accrued Expenses Financial Assistance Effects on statement of cash flow As Restated RM As Stated Earlier RM 1,791 5,510,898 335,579 6,000,000 CASH FLOW FROM OPERATIONAL ACTIVITIES (1,038,234) 1,359,246 190 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 06 FINANCIAL STATEMENT LABUAN PORT AUTHORITY (Established Under Bintulu Port Authority Act, 1981) Bintulu Port Authority (Extension of Function) Order 2017 EXPENDITURE STATEMENT ON 31 DECEMBER 2020 Services and Supplies Travel and Living Expenditure Goods Transportion Communication and Utilities Rentals Supply of Raw Materials and Materials for Maintenance and Repair Supplies and Other Materials Maintenance and Minor Repairs Purchased Professional and Other Services Purchased and Hospitality Fixed charges and grants Local grants Repayments and write-off Write-Offs Depreciation/ amortisation Depreciation of property, plant and equipment Other Expenses Stamp Duty Taxes Insurance Commission and Bank Charges Association Fees FINANCIAL COST LPA Debt Payment TOTAL EXPENSES 2020 RM 463,418 - 10,368 151,364 3,410 7,183 22,585 1,151,280 1,809,608 - - - 118,222 118,222 840 680 6,405 68 - 7,993 - - 2019 RM 560,418 2,820 1,934 190,457 3,106 2,165 26,596 1,162,962 1,950,458 - - 1,664 118,339 118,339 - 1,373 9,370 207 1,590 12,540 316,897 316,897 1,935,823 2,399,898 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN 191 06 FINANCIAL STATEMENT 06 FINANCIAL STATEMENT
 LABUAN PORT AUTHORITY (Established Under Bintulu Port Authority Act.
1981) Bintulu Port Authority (Expansion of Function) Order 2017 INCOME STATEMENT FOR YEAR ENDING 31 DISEMBER 2020 Rentals Tariff Interest Others BPA Financial Revenue Reversiom for LPA debt payment TOTAL INCOME 2020 RM 1,054,400 3,315,808 17,265 219 7,326,000 510,898 12,224,590 2019 RM 777,600 - 22,415 3,672 - - 803,687 192 192 LAPORAN TAHUNAN 2020 LAPORAN TAHUNAN 2020 ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN ANNUAL REPORT 2020 LABUAN PORT AUTHORITY LEMBAGA PELABUHAN LABUAN