Adoption of other revised accounting standards

Indonesian language. PT CITRA TUBINDO Tbk DAN ENTITAS AN AK CATATAN ATAS L APOR AN KEUANGAN KONSOLIDASIAN Tahun Yang Berakhir Pada Tanggal-tanggal 31 Desember 2012 dan 2011 Disajikan dalam dolar AS, kecuali dinyatakan lain PT CITRA TUBINDO Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2012 and 2011 Expressed in U.S. dollars, unless otherwise stated 46 5. PIUTANG USAH A 5. TRADE RECEIVABLES Rincian piutang usaha adalah sebagai berikut: Trade receivables consist of the following: 1 Januari 2011 31 Desember 2010 January 1, 2011 2012 2011 December 31, 2010 Oil Industries Engineering Oil Industries Engineering and Construction Company 20.667.492 - - and Construction Company Oudeh Petroleum Company 8.315.935 110.668 - Oudeh Petroleum Company Virginia Indonesia Company LLC 5.654.515 - 2.702.425 Virginia Indonesia Company LLC Anadarko Indonesia Nunukan Anadarko Indonesia Nunukan Company 2.687.960 - - Company Mobil Cepu Ltd 1.983.813 - 2.872.571 Mobil Cepu Ltd Jx Nippon Oil Gas Exploration Jx Nippon Oil Gas Exploration Corporation 1.477.619 - - Corporation Chevron Ma kassar Ltd 1.248.731 1.312.357 - Chevron Makassar Ltd PT Bredero Shaw Indonesia 1.202.146 435.536 360.410 PT Bredero Shaw Indonesia Bell Tubular Products 30.421 416.598 1.509.050 Bell Tubular Products BUT Conoco Philips Grissik Ltd 23.195 2.001.851 - BUT Conoco Philips Grissik Ltd Total EP Indonesie - 5.582.578 2.315.383 Total EP Indonesie Cairn Energy India Pty Ltd - 2.555.462 1.840.454 Cairn Energy India Pty Ltd Lanester Offshore Inc - 2.122.724 1.343.682 Lanester Offshore Inc Chevron Indonesia Company - 1.430.971 - Chevron Indonesia Company Ras Gas Company Ltd - 1.224.061 - Ras Gas Company Ltd Oil Energy Industries Oil Energy Industries Development Company - - 17.723.751 Development Company Kala Naft Co - - 4.099.315 Kala Naft Co HESS Indonesia Pangkah Ltd - - 2.387.979 HESS Indonesia Pangkah Ltd Self Elevating Platform NV - - 1.719.678 Self Elevating Platfrom NV Lain-lain masing-masing di bawah AS1.000.000 4.289.937 4.975.896 7.230.808 Others each below US1,000,000 Jumlah 47.581.764 22.168.702 46.105.506 Total Dikurangi penyisihan atas kerugian Less allow ance for impairment losses penurunan nilai piutang usaha 9.046.229 746.916 1.164.232 on trade receivables Pihak ketiga - neto 38.535.535 21.421.786 44.941.274 Third parties - net Pihak-pihak berelasi Catatan 6 12.599.794 7.424.985 2.655.210 Related parties Note 6 Neto 51.135.329 28.846.771 47.596.484 Net Rincian piutang usaha menurut jenis mata uang adalah sebagai berikut: The details of trade receivables based on currency are as follows: 1 Januari 2011 31 Desember 2010 January 1, 2011 2012 2011 December 31, 2010 Dolar AS 26.275.876 26.093.654 28.043.655 U.S. dollar Dolar Singapura Singapore dollar Sin4.722.976 pada tanggal Sin4,722,976 as of 31 December 2012, December 31, 2012, Sin3.358.869 Sin3,358,869 as of pada tanggal December 31, 2011 and 31 Desember 2011 dan Sin2,317,169 as of Sin2.317.169 pada tanggal January 1, 2011 1 Januari 201131 Desember 2010 3.861.902 2.583.233 1.799.150 December 31, 2010 Rupiah Rupiah Rp3.197.972.218 pada tanggal Rp3,197,972,218 as of 31 December 2012, December 31, 2012 Rp1.540.507.343 pada tanggal Rp1,540,507,343 as of 31 Desember 2011 dan December 31, 2011 and Rp984.937.077 pada tanggal Rp984,937,077 as of 1 Januari 201131 Desember January 1, 2011 2010 329.391 169.884 109.547 December 31, 2010 Dolar Australia Australian dollar AU641 pada tanggal AU641 as of 31 Desember 2012 665 - - December 31, 2012 Indonesian language. PT CITRA TUBINDO Tbk DAN ENTITAS AN AK CATATAN ATAS L APOR AN KEUANGAN KONSOLIDASIAN Tahun Yang Berakhir Pada Tanggal-tanggal 31 Desember 2012 dan 2011 Disajikan dalam dolar AS, kecuali dinyatakan lain PT CITRA TUBINDO Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2012 and 2011 Expressed in U.S. dollars, unless otherwise stated 47 5. PIUTANG USAH A lanjutan 5. TRADE RECEIVABLES continued 1 Januari 2011 31 Desember 2010 January 1, 2011 2012 2011 December 31, 2010 Euro Euro EUR5.557.249 pada tanggal EUR5,557,249 as of 31 Desember 2012 dan December 31, 2012 and EUR13.268.517 pada tanggal EUR13,268,517 as of 1 Januari 201131 Desember January 1, 2011 2010 7.361.777 - 17.644.132 December 31, 2010 Dirham Uni Emirat Arab United Arab Emirates Dirham AED48.871.367 pada tanggal AED48,871,367 as of 31 Desember 2012 13.305.718 - - December 31, 2012 Jumlah 51.135.329 28.846.771 47.596.484 Total Berdasarkan analisa umur piutang, komposisi piutang usaha adalah sebagai berikut: Based on the aging, the composition of trade receivables is as follows: 1 Januari 2011 31 Desember 2010 January 1, 2011 2012 2011 December 31, 2010 Kurang dari 31 hari 15.107.829 16.348.529 40.638.611 Less than 31 days 31 - 90 hari 31.780.189 9.085.383 2.990.110 31 - 90 days 91 - 180 hari 2.839.581 1.508.391 1.124.921 91 - 180 days 181 - 360 hari 8.917.695 1.837.976 1.684.637 181 - 360 days Lebih dari 360 hari 1.536.264 813.408 2.322.437 More than 360 days Jumlah 60.181.558 29.593.687 48.760.716 Total Dikurangi penyisihan atas kerugian Less allow ance for impairment losses penurunan nilai piutang usaha 9.046.229 746.916 1.164.232 on trade receivables Neto 51.135.329 28.846.771 47.596.484 Net Mutasi peny isihan atas kerugian penurunan nilai piutang usaha adalah sebagai berikut: The changes in allowance for impairment losses on trade receivables are as follows: 1 Januari 2011 31 Desember 2010 January 1, 2011 2012 2011 December 31, 2010 Saldo awal 746.916 1.164.232 388.739 Beginning balance Perubahan selama tahun berjalan Changes during the year Penambahan penyisihan 8.322.744 194.596 787.051 Additional provision Penghapusan piutang 26.809 129 25.061 Write-off Selisih nilai tukar 3.378 395 13.503 Foreign exchange difference Pembalikan karena divestasi DSAW - 611.388 - Reversal due to divestment of DSAW Saldo akhir 9.046.229 746.916 1.164.232 Ending balance Peny isihan kerugian penurunan nilai dilakukan untuk menutup kemungkinan kerugian adanya piutang y ang tidak tertagih. Pada tahun 2012, penambahan atas akun ini, sebagian besar dikarenakan penyisihan atas piutang pelanggan di Republik Arab Sy ria. The allowance for impairment losses is provided to cover the possible losses from uncollectible accounts. In 2012, the addition of the allowance for impairment losses is mostly due to the allowance for trade receivable of customer in Syrian Arab Republic. Berdasarkan hasil penelaahan kolektibilitas akun piutang pelanggan tertentu pada akhir tahun dan ev aluasi kolektif atas kemungkinan penurunan nilai piutang, manajemen Grup berpendapat bahwa peny isihan penurunan nilai piutang usaha cukup untuk menutup kemungkinan kerugian atas tidak tertagihny a piutang usaha. Based on a review of the collectibility of specific trade receivable accounts at end of the year and collective assessment of the possible impairment of trade receivables, the Group’s management is of the opinion that the allowance for impairment losses is adequate to cover possible losses from the non- collection of the accounts.