Damri Boss Says Perum PPD Has A Debt Of IDR 254 Billion

President Director of Perum Damri Setia N Milatia Moemin. (Photo: Doc. Damri)

JAKARTA - President Director of Perum Damri Setia N Milatia Moemin revealed that the merger between Perum Damri and Perum Penangkutan Passenger Djakarta (PPD) made the company's debt burden increase.

For your information, Perum PPD officially joined Perum Damri on June 6, 2023. The merger was in line with the issuance of Government Regulation (PP) Number 30 of 2023.

Setia revealed that before the merger or as of June 5, 2023, PPD was recorded to have debts to other parties worth Rp254.47 billion. Consisting of liabilities or short-term debt Perum PPD reached Rp149.55 billion and the long-term liabilities of Perum PPD were Rp104.92 billion.

The total amount of IDR 254.47 billion is all jammed. So this is homework. Meanwhile, in Damri, the debts to third parties are smooth," he said in a hearing (RDP) with Commission VI of the DPR RI, at the DPR Building, Jakarta, Tuesday, June 11.

The details, continued Setia, are that Perum PPD's short-term debt consists of short-term debt of Rp6.58 billion; operating debt of Rp31.5 billion; tax debt of Rp44.5 billion; akrual burden of Rp24.06 billion; short-term bank debt of Rp3.01 billion; and other debts of Rp39.91 billion.

Meanwhile, continued Setia, Perum PPD's long-term debt consists of contract liabilities of IDR 30 billion; investment fund account debt of IDR 24.15 billion; post-work liabilities of IDR 8.25 billion; tax resilience obligations of IDR 30.53 billion; and other long-term debt of IDR 11.99 billion.

In front of Commission VI of the DPR, Setia admitted that Perum PPD's debt was a big homework or homework faced by Damri.

This is because these debts cannot be paid by Perum PPD, aka traffic jams.

"So, the PPD debt to other parties before this merger became quite a big homework," said Setia.

Not only debt to other parties, Setia revealed that prior to the merger of the company, PPD was also recorded to have employees' obligations worth Rp36.41 billion, including debt for payment of salaries, severance pay, BPJS, and compensation.

According to Setia, the pile of debt is part of the critical issues in the PPD before the merger.

PPD's financial condition at that time was disrupted, one of which was due to the impact of the COVID-19 pandemic.

Furthermore, Setia revealed, Damri also had critical issues before the merger, such as financial performance affected by the pandemic and employee obligations that must be paid worth IDR 75.31 billion.

However, after the merger, continued Setia, his party tried to overcome the debt burden by submitting restructuring to banks, taxes, third parties, to non-bank parties or individuals.

"So we ask that it can be paid in installments, and we have paid off some, including to BTN we have paid off in December 2022," he explained.