TRANSACTIONS AND Citra Tubindo Tbk Bilingual June Released

the Indonesian language. PT CITRA TUBINDO Tbk DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN INTERIM Tanggal 30 Juni 2016 dan untuk Periode yang Berakhir pada Tanggal Tersebut Disajikan dalam Dolar AS, kecuali dinyatakan lain PT CITRA TUBINDO Tbk AND ITS SUBSIDIARIES NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS As of June 30, 2016 and for the Period then Ended Expressed in U.S. Dollars, unless otherwise stated 62 7. PERSEDIAAN lanjutan 7. INVENTORIES continued Berdasarkan hasil penelaahan kondisi persediaan pada akhir tahun, manajemen Grup berpendapat bahwa penyisihan persediaan usang cukup untuk menutupi kemungkinan kerugian yang timbul dari tidak terpulihkannya persediaan yang pergerakannya lambat. Based on the review of the condition of inventory at end of the year, the Group’s management is of the opinion that the allowance for inventory obsolescence is adequate to cover any possible losses that may arise from non-recoverability of slow-moving inventories. Tidak ada persediaan yang dijaminkan pada tanggal 30 Juni 2016 dan 31 Desember 2015. There are no inventories used as collateral for any loan facility as of June 30, 2016 and December 31 2015. Persediaan diasuransikan terhadap risiko kerugian fisik atau kerusakan berdasarkan suatu paket polis pertanggungan dengan nilai pertanggungan masing-masing sebesar AS50.076.269 dan AS50.076.269 pada tanggal 30 Juni 2016 dan 31 Desember 2015. Manajemen Grup berpendapat bahwa nilai pertanggungan tersebut cukup untuk menutupi kemungkinan kerugian atas risiko tersebut. Inventories are covered by insurance against physical losses or damage, under blanket policies amounting to US50,076,269 and US50,076,269 as of June 30, 2016 and December 31,2015, respectively. The Group ’s management is of the opinion that the sum insured is adequate to cover any possible losses from the said risks.

8. BIAYA DIBAYAR DI MUKA DAN ASET LANCAR LAINNYA

8. PREPAID EXPENSES AND OTHER CURRENT ASSETS

Rincian biaya dibayar di muka dan aset lancar lainnya adalah sebagai berikut: The details of prepaid expenses and other current assets are as follows: 30 Juni 31 Desember June 30 December 31 2016 2015 Biaya dibayar di muka 715.425 168.124 Prepaid expenses Uang muka operasional 80.016 73.468 Advance payments - operation Uang muka pembelian 568 22.083 Advance payments - purchasing Lain - lain 391.710 221.988 Others Sub-total- aset lancar lainnya 472.294 317.539 Sub-total - other current assets Total 1.187.719 485.663 Total the Indonesian language. PT CITRA TUBINDO Tbk DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN INTERIM Tanggal 30 Juni 2016 dan untuk Periode yang Berakhir pada Tanggal Tersebut Disajikan dalam Dolar AS, kecuali dinyatakan lain PT CITRA TUBINDO Tbk AND ITS SUBSIDIARIES NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS As of June 30, 2016 and for the Period then Ended Expressed in U.S. Dollars, unless otherwise stated 63 9. INVESTASI PADA ENTITAS ASOSIASI 9. INVESTMENTS IN ASSOCIATES Rincian investasi pada entitas asosiasi adalah sebagai berikut: The details of investments in associates are as follows: Dampak Mutasi selama tahun berjalan Hilangnya Movements during the year Kendali Persentase atas Bagian Pengumuman Pemilikan Saldo Entitas atas Laba Penerimaan Saldo Awal Anak Neto Entitas Dividen Akhir Percentage Investasi Effect of Asosiasi KasCash Investasi of Beginning Loss of Equity in Net Dividends Ending Ownership Balance of Control of a Earnings of Declared Balance of 30 Juni 2016 Investment Subsidiary Associates Received Investment 30 June 2016 PT H-Tech Oilfield PT H-Tech Oilfield Equipment “HOE” 45,65 11.964.578 - 611.818 - 12.576.396 Equipment “HOE” Citra Sumit Valind Citra Sumit Valind Investment Investment Pte. Ltd. “CSV” 48,00 2.002.824 - 65.880 - 1.936.944 Pte. Ltd. “CSV” PT Pelayaran Citranstirta PT Pelayaran Citranstirta Tatasarana “CITA” 48,25 949.466 - 144.872 - 1.094.338 Tatasarana “CITA” Total 14.916.868 - 690.810 - 15.607.678 Total 31 Desember 2015 31 December 2015 PT H-Tech Oilfield PT H-Tech Oilfield Equipment “HOE” 45,65 12.824.234 - 1.422.844 2.282.500 11.964.578 Equipment “HOE” Citra Sumit Valind Citra Sumit Valind Investment Investment Pte. Ltd. “CSV” 48,00 2.072.459 - 26.365 96.000 2.002.824 Pte. Ltd. “CSV” PT Pelayaran Citranstirta PT Pelayaran Citranstirta Tatasarana “CITA” 48,25 661.480 - 287.986 - 949.466 Tatasarana “CITA” Total 15.558.173 - 1.737.195 2.378.500 14.916.868 Total PT H-Tech Oilfield Equipment HOE PT H-Tech Oilfield Equipment HOE Pada tahun 1999, Perusahaan membeli 440.000 saham dengan nilai investasi sebesar Rp3.080.000.000 setara AS344.128, yang merupakan 7,10 kepemilikan di HOE, dari pemegang saham Perusahaan, PT Citra Agramasinti Nusantara CAN. Pada tahun 2000, Perusahaan membeli tambahan 990.000 saham dengan nilai investasi sebesar Rp6.930.000.000 setara dengan AS776.471 dari Nissho Iwai Corporation, pihak berelasi, sehingga meningkatkan kepemilikan menjadi 23,07. In 1999, the Company acquired 440,000 shares with investment value of Rp3,080,000,000 equivalent to US344,128, which represent 7.10 ownership interest in HOE, from the Company’s shareholder, PT Citra Agramasinti Nusantara CAN. In 2000, the Company purchased additional 990,000 shares with investment value of Rp6,930,000,000 equivalent to US776,471 from Nissho Iwai Corporation, a related party, which increased its ownership interest to 23.07. Pada tanggal 27 Desember 2006, Perusahaan mengadakan perjanjian penjualan dan pembelian saham dengan Amalgamated Pipes Investment Limited, Guernsey APIL, pihak ketiga, dimana Perusahaan membeli kepemilikan saham APIL di HOE, sebesar 1.400.000 saham atau 22,58 kepemilikan saham senilai AS7.644.000. Dengan adanya pembelian ini, kepemilikan saham Perusahaan di HOE meningkat menjadi 45,65. HOE bergerak di bidang produksi pipa pengeboran dan jasa yang sesuai dengan spesifikasi American Petroleum Institute. On December 27, 2006, the Company entered into a share sale and purchase agreement with Amalgamated Pipes Investment Limited, Guernsey APIL, a third party, whereby the Company purchased APIL’s share ownership in HOE. A total of 1,400,000 shares was purchased, which represent 22.58 ownership interest. The purchase price amounted to US7,644,000. With this acquisition, the Company’s share ownership in HOE increased to 45.65. HOE is engaged in manufacturing of drill pipes and related services based on specifications of American Petroleum Institute.