PIUTANG USAHA TRADE RECIEVABLES

The original consolidated financial statements included herein are in the Indonesian language PT KERETA API INDONESIA PERSERO PT KERETA API INDONESIA PERSERO CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED Tanggal 31 Desember 2015 dan as of December 31, 2015 Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain Expressed in thousands of Rupiah, unless otherwise stated untuk tahun yang berakhir pada tanggal tersebut and for the year then ended DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES FINANCIAL STATEMENTS KEUANGAN KONSOLIDASIAN 15. PERPAJAKAN lanjutan 15. TAXATION continued

e. Pajak Tangguhan lanjutan

e. Deferred Tax continued

Entitas Induk: Parent Entity: Perbedaan penyusutan Commercial and tax depreciation komersial dan fiskal difference Imbalan pasca kerja Post-employment benefit Amortisasi Amortization Penurunan nilai persediaan Impairment of inventory Penurunan nilai aset Impairment of assets Penyisihan piutang ragu-ragu Allowance for doubtful account Entitas Anak: Subsidiaries: Perbedaan penyusutan Depreciation expense komersial dan fiskal commercial and fiscal Amortisasi Amortization Rugi fiskal Fiscal loss Imbalan pasca kerja Post-employment benefit Penyisihan piutang Allowance for doubtful account Bonus Bonus income Desember 31, 2015 Beginning balance Changed to income comprehensive Ending balance Dibebankan ke komprehensif lain Saldo Akhir 5.359.993 4.056.708 - 101.524.425 79.773.421 545.638.960 816.742 38.306.374 637.650 - - 637.650 11.992.227 3.385.997 - 15.378.224 January 1, 2015 statements 9.416.701 74.997.857 1.176.803 Charged to other 1.357.192 836.237 - 3.652.354 - 1.931.201 - - - - - 1 Januari 2015 Laporan Laba Rugi 76.174.660 - 181.297.846 31 Desember 2015 penghasilan 506.515.844 2.193.429 1.383.882 672.023 38.090 2.093.995 156.432 403.342 - 559.774 5 026 074 6 747 509 11 773 583 1.721.153 Saldo Awal Dibebankan ke 526.193.538 79.009.006 38.306.374 408.878.158 Bonus Bonus Total assets liabilities deferred Entitas Induk: Parent Entity: Perbedaan penyusutan Commercial and tax depreciation komersial dan fiskal difference Liabilitas imbalan pasca Post-employment benefit Amortisasi Amortization Penurunan nilai persediaan Impairment of inventory Penurunan nilai aset Impairment of assets Penyisihan piutang ragu-ragu Allowance for doubtful account Entitas Anak: Subsidiaries: Perbedaan penyusutan Depreciation expense komersial dan fiskal commercial and fiscal Amortisasi Amortization Rugi fiskal Fiscal loss Imbalan pasca kerja Post-employment benefit Penyisihan piutang ragu-ragu Allowance for doubtful account Bonus Bonus Jumlah aset liabilitas pajak Total assets liabilities deferred tangguhan tax 441.514.813 Jumlah aset liabilitas pajak tangguhan 66.963.898 38.268.284 546.746.995 568.484.343 38.155.824 16.418.477 546.746.996 2.129.376 2.896.698 - 5.026.074 4.377.736 7.614.491 - 11.992.227 991.196 492.581 99.895 1.383.882 1.293.444 63.748 - 1.357.192 637.650 - - 637.650 - 156.432 - 156.432 74.939.348 58.509 - 74.997.857 income 559.054.941 49.379.774 16.518.372 526.193.539 15.709 15.708 - 1 4.891.661 468.332 - 5.359.993 2.054.286 333.133 - 1.721.153 68.628.767 32.895.658 - 101.524.425 5.026.074 6.747.509 - 11.773.583 Saldo Awal Dibebankan ke komprehensif lain Saldo Akhir 1 Januari 2014 Laporan Laba Rugi Charged to other 31 Desember 2014 545.782.704 16.662.116 16.518.372 545.638.960 Beginning balance Changed to income comprehensive Ending balance December 31, 2014 January 1, 2014 statements Dibebankan ke penghasilan 65 The original consolidated financial statements included herein are in the Indonesian language PT KERETA API INDONESIA PERSERO PT KERETA API INDONESIA PERSERO CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED Tanggal 31 Desember 2015 dan as of December 31, 2015 Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain Expressed in thousands of Rupiah, unless otherwise stated untuk tahun yang berakhir pada tanggal tersebut and for the year then ended DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES FINANCIAL STATEMENTS KEUANGAN KONSOLIDASIAN 16. ASET LANCAR LAINNYA 16. OTHER CURRENT ASSETS Dana kesehatan pegawai Employee healthy fund Uang muka penyelesaian LC Advance to settlement of LC Uang jaminan Security deposits Saldo aset lancar lainnya Total other current assets 17. INVESTASI VENTURA BERSAMA 17. INVESTMENT IN JOINT VENTURE 2014 2015 Dana kesehatan pegawai adalah dana yang disisihkan Perusahaan untuk jaminan kesehatan pegawai. Employee-health funds represent set aside for the health insurance company employee. Uang Jaminan merupakan akun atas deposit pinjaman Bank Exim Security deposits represent deposit of Bank Exim loan. Uang muka penyelesaian LC merupakan akun pembukaan LC atas pembeliaan suku cadang persediaan aset tetap pada Bank BRI dan BNI. Advances to settlement of LC are provided for the purposes of opening LC of purchasing asset inventory sparepart in BRI and BNI Bank. 15.632.577 1.086.076 33.040.027 26.881.284 17.407.450 19.471.406 - 6.323.802 2015 2014 KSO B Kalog KSO Bumi Kalog KSO Pengelolaan Aset KSO B Kalog KSO B Kalog KSO Bumi Kalog KSO Bumi Kalog JO B Kalog JO Assets Management 59.943.870 3.200.000 1.455.400 70.654.582 23.318.236 23.240.081 Berdasarkan Perjanjian Kerjasama Operasi, perjanjian No. 3, tanggal 10 Agustus 2012 dengan PT Bintang Laut Platinum dalam Kegiatan Usaha Pelayanan Logistik Berbasis Angkutan Kereta Api, komposisi keuntungan cost profit sharing masing-masing 65 untuk PT Kereta Api Logistik dan 35 untuk PT Bintang Laut Platinum. Jangka waktu perjanjian selama 5 tahun sejak perjanjian ditanda tangani dan berlaku sejak tanggal 10 Agustus 2012. Based on Joint Operation Agreement No. 3, dated on August 10, 2012, with the PT Bintang Laut Platinum, in the activities of logistics service in based railway transportation, with the composition of the inclusion of funding and sharing the costs and benefits Cost Profit Sharing, respectively was 65 for PT Kereta Api Logistik and 35 for PT Bintang Laut Platinum. Cooperation is valid for 5 years from August 10, 2012. Sesuai dengan akta No. 01, tanggal 23 Mei 2013,dari Notaris Yoshsi SH, MKn, perusahaan mengadakan Perjanjian Kerja Sama Operasi dengan PT Bumi Wijaya Indorail dalam usaha pelayanan logistik di Kawasan Waru, Kawasan Stasiun Sungai Lagoa dan Kawasan Stasiun Kalimas. Komposisi penyertaan pendanaan dan pembagian biaya serta keuntungan Cost Profit Sharing , masing-masing adalah 51 untuk PT Kereta Api logistik dan 49 untuk PT Bumi Wijaya Indorail. Appropriate agreement joint operation No. 01, dated May 23, 2013 from Notary Yoshsi SH, MKn, the company entered into a joint operation with the PT Bumi Wijaya Indorail in the logistic activities in Waru Staion, Sungai Lagowa Station and Kalimas Station area. The composition of the inclusion of funding and sharing the costs and benefits Cost Profit Sharing, respectively was 51 for PT Kereta Api Logistik and 49 for PT Bumi Wijaya Indorail. 44.136.346 35.248.389 JO Bumi Kalog 66