UTANG USAHA lanjutan TRADE PAYABLES continued BEBAN MASIH HARUS DIBAYAR ACCRUED EXPENSES

Indonesian language PT KINO INDONESIA Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Periode Tiga Bulan yang Berakhir Pada Tanggal 31 Maret 2017 Disajikan dalam Rupiah, kecuali dinyatakan lain Tidak Diaudit PT KINO INDONESIA Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the Three Months Period Ended March 31, 2017 Expressed in Rupiah, unless otherwise stated Unaudited 72 16. PERPAJAKAN lanjutan 16. TAXATION continued

b. Utang pajak lanjutan

b. Taxes payable continued 31 Maret 2017 31 Desember 2016

March 31, 2017 December 31, 2016 Entitas Anak lanjutan Subsidiaries continued Pajak penghasilan lanjutan Income taxes continued Pajak Pertambahan Nilai 269.914.254 1.906.850.526 Value Added Tax Sub-total 2.148.943.873 3.738.729.761 Sub-total Total 15.785.031.590 17.195.701.972 Total

c. Beban pajak penghasilan

c. Income tax expenses

Akun ini terdiri dari: This account consists of the following: 31 Maret 2017 31 Maret 2016 March 31, 2017 March 31, 2016 Manfaat beban pajak penghasilan Income tax benefits expenses Kini 5.613.790.233 10.910.911.500 Current Tangguhan 3.844.809.150 2.372.484.993 Deferred Total 1.768.981.083 13.283.396.493 Total

d. Pajak penghasilan - kini

d. Income tax - current

Rekonsiliasi antara laba sebelum beban pajak penghasilan seperti yang disajikan dalam laporan laba rugi dan penghasilan komprehensif lain konsolidasian dengan laba kena pajak untuk periode tiga bulan yang berakhir pada tanggal 31 Maret 2017 dan 2016 adalah sebagai berikut: Reconciliation between income before income tax expenses as presented in the consolidated statement of profit or loss and other comprehensive income with taxable income for the three months period ended March 31, 2017 and 2016 are as follows: Indonesian language PT KINO INDONESIA Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Periode Tiga Bulan yang Berakhir Pada Tanggal 31 Maret 2017 Disajikan dalam Rupiah, kecuali dinyatakan lain Tidak Diaudit PT KINO INDONESIA Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the Three Months Period Ended March 31, 2017 Expressed in Rupiah, unless otherwise stated Unaudited 73 16. PERPAJAKAN lanjutan 16. TAXATION continued

d. Pajak penghasilan - kini lanjutan

d. Income tax - current continued 31 Maret 2017 31 Maret 2016

March 31, 2017 March 31, 2016 Laba sebelum beban pajak Income before income tax penghasilan menurut laporan expenses per consolidated laba rugi dan penghasilan statement of profit or loss and komprehensif lain konsolidasian 5.376.302.300 84.992.687.713 other comprehensive income Eliminasi untuk konsolidasi 3.700.343.027 21.799.830.489 Elimination of consolidation Bagian laba penyertaan Share in net earnings saham pada Entitas Asosiasi 7.056.000 776.000.667 in Associate Rugi sebelum beban pajak Subsidiaries’ loss before penghasilan Entitas Anak 22.648.494.550 2.627.961.474 income tax expenses Laba sebelum beban pajak Income before income tax penghasilan Entitas Induk 31.718.083.877 65.044.818.031 expenses of the Company Beda temporer: Timing differences: Penyusutan aset tetap 7.549.010.494 11.190.396.564 Depreciation of fixed assets Penghapusan persediaan usang 3.918.050.577 2.629.412.681 Write-off of obsolete inventories Penyisihan penurunan nilai dan Allowance for impairment value persediaan usang 4.486.050.293 2.868.396.808 and obsolescence of inventories Penyisihan imbalan Allowance for employee kerja karyawan 1.094.362.131 186.836.109 benefits Sewa 22.381.018 163.344.048 Leases Beda permanen: Permanent differences: Pajak 2.000.998.653 130.761.008 Tax Pengobatan dan perawatan 522.152.821 492.093.816 Medical allowance Sumbangan dan jamuan 489.227.673 404.795.884 Donations and entertainment Penyusutan kendaraan 194.769.900 158.619.501 Depreciation of vehicles Perawatan dan pemeliharaan 16.935.431 16.143.057 Repair and maintenance Telepon 3.662.500 11.051.000 Telephone Laba atas perubahan nilai Gain on changes in fair wajar efek 1.902.307.970 1.976.583.396 value of mutual funds Penghasilan yang telah Income subject to final dikenai pajak final income tax Pendapatan jasa giro 4.421.647.324 9.710.132.493 Interest income Pendapatan sewa 302.447.001 - Rental income Laba kena pajak - Entitas Induk 22.455.160.931 43.643.646.032 Taxable income - the Company Beban pajak kini Current tax expenses Entitas Induk 5.613.790.233 10.910.911.500 The Company Entitas Anak - - Subsidiaries Total beban pajak kini 5.613.790.233 10.910.911.500 Total current tax expenses Pajak dibayar di muka Prepaid income taxes Entitas Induk The Company Pasal 22 1.620.416.500 1.910.906.613 Article 22 Pasal 23 753.869.410 17.423.594 Article 23 Pasal 25 12.470.235.300 3.936.140.400 Article 25 Total 14.844.521.210 5.864.470.607 Total Entitas Anak 5.006.365.371 776.163.375 Subsidiaries Total pajak dibayar di muka 19.850.886.581 6.640.633.982 Total prepaid income taxes Indonesian language PT KINO INDONESIA Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Periode Tiga Bulan yang Berakhir Pada Tanggal 31 Maret 2017 Disajikan dalam Rupiah, kecuali dinyatakan lain Tidak Diaudit PT KINO INDONESIA Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the Three Months Period Ended March 31, 2017 Expressed in Rupiah, unless otherwise stated Unaudited 74 16. PERPAJAKAN lanjutan 16. TAXATION continued

d. Pajak penghasilan - kini lanjutan

d. Income tax - current continued 31 Maret 2017 31 Maret 2016

March 31, 2017 March 31, 2016 Utang pajak penghasilan Income tax payable Entitas Induk - 5.046.440.893 The Company Taksiran tagihan pajak penghasilan Claim for tax refund Entitas Induk 9.230.730.977 - The Company Entitas Anak 5.006.365.371 776.163.375 Subsidiary Total taksiran tagihan pajak Total claim for penghasilan 14.237.096.348 776.163.375 tax refund

e. Pajak Tangguhan

e. Deferred Tax

Rincian aset liabilitas pajak tangguhan berdasarkan beda temporer antara pelaporan komersial dan pajak dengan menggunakan tarif pajak yang berlaku pada tanggal 31 Maret 2017 dan 31 Desember 2016 adalah sebagai berikut: Details of deferred tax assets liabilities from temporary differences between commercial and tax reporting by using the applicable tax rate as of March 31, 2017 and December 31, 2016, are as follows: 31 Maret 2017March 31, 2017 Saldo Awal Beginning Balance Efek Translasi Effect of Translation Manfaat Beban Pajak Tangguhan Deferred Tax Benefits Expenses Dikreditkan pada Penghasilan Komprehensif Lain Credited to Other Comprehensive Income Saldo Akhir Ending Balance Liabilitas pajak tangguhan - Entitas Induk Deferred tax liabilities- The Company Liabilitas imbalan kerja karyawan 5.861.594.457 - 273.590.533 - 6.135.184.990 Liabilities for employee benefits Penyisihan penurunan nilai dan persediaan usang 979.512.645 - 141.999.929 - 1.121.512.574 Allowance for impairment and obsolescence of inventories Penyusutan 28.270.008.800 - 1.887.252.627 - 30.157.261.427 Depreciation Sewa 255.744.751 - 5.595.256 - 250.149.495 Leases Total liabilitas pajak tangguhan - Entitas Induk 21.684.646.449 - 1.466.066.909 - 23.150.713.358 Total deferred tax liabilities - the Company Liabilitas pajak tangguhan -Entitas Anak 50.834.533 - 50.834.533 - - Deferred tax liabilities- Subsidiaries Aset pajak tangguhan - Entitas Anak 25.490.921.251 16.037.211 5.260.041.526 - 30.766.999.988 Deferred tax assets - Subsidiaries Total aset pajak tangguhan 3.755.440.269 16.037.211 3.844.809.150 - 7.616.286.630 Total deferred tax assets 31 Desember 2016December 31, 2016 Saldo Awal Beginning Balance Efek Translasi Effect of Translation Manfaat Beban Pajak Tangguhan Deferred Tax Benefits Expenses Dikreditkan pada Penghasilan Komprehensif Lain Credited to Other Comprehensive Income Saldo Akhir Ending Balance Liabilitas pajak tangguhan - Entitas Induk Deferred tax liabilities- The Company Liabilitas imbalan kerja karyawan 5.349.882.856 - 894.728.142 383.016.541 5.861.594.457 Liabilities for employee benefits Penyisihan penurunan nilai dan persediaan usang 657.353.171 - 322.159.474 - 979.512.645 Allowance for impairment and obsolescence of inventories Penyusutan 19.650.943.645 - 8.619.065.155 - 28.270.008.800 Depreciation Sewa 104.887.869 - 150.856.882 - 255.744.751 Leases Total liabilitas pajak tangguhan - Entitas Induk 13.748.595.487 - 7.553.034.421 383.016.541 21.684.646.449 Total deferred tax liabilities - the Company Liabilitas pajak tangguhan -Entitas Anak - - 50.834.533 - 50.834.533 Deferred tax liabilities- Subsidiaries Aset pajak tangguhan - Entitas Anak 7.606.395.199 124.533.165 18.860.365.929 1.100.373.042 25.490.921.251 Deferred tax assets - Subsidiaries Total aset pajak tangguhan 6.142.200.288 124.533.165 11.256.496.975 1.483.389.583 3.755.440.269 Total deferred tax assets Indonesian language PT KINO INDONESIA Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Periode Tiga Bulan yang Berakhir Pada Tanggal 31 Maret 2017 Disajikan dalam Rupiah, kecuali dinyatakan lain Tidak Diaudit PT KINO INDONESIA Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the Three Months Period Ended March 31, 2017 Expressed in Rupiah, unless otherwise stated Unaudited 75 16. PERPAJAKAN lanjutan 16. TAXATION continued

f. Surat Ketetapan Pajak

f. Tax Assessment Letter

Entitas Induk The Company Pada tanggal 16 dan 18 Januari 2017, Entitas Induk telah menerima seluruh pengembalian klaim tagihan pajak sesuai keputusan No. PUT-77515PPM.VIIIB 162016 sampai No. PUT-77550PPM.VIIIB162016 sebesar Rp 9.445.151.613. On January 16 and 18, 2017, the Company has received all refund of claim for tax based on decision No. PUT-77515PPM.VIIIB162016 up to No. PUT-77550PPM.VIIIB162016 amounted to Rp 9,445,151,613.

g. Pengampunan Pajak

g. Tax Amnesty

Pada tanggal 20 Januari 2017, Entitas Induk berpartisipasi dalam Program Pengampunan Pajak sesuai dengan Undang-Undang Nomor 11 Tahun 2016. Entitas Induk memperoleh Surat Keterangan Pengampunan Pajak SKPP No. KET- 6428PPWPJ.092017 tanggal 30 Januari 2017 dengan jumlah yang diakui sebagai aset pengampunan pajak sebesar Rp 3.072.856.405. On January 20, 2017, the Company participated in the Tax Amnesty Program in accordance with Law No. 11 Year 2016. The Company obtained Tax Amnesty Acknowledgement letter SKPP No. KET- 6428PPWPJ.092017 dated January 30, 2017 with the amounts recognized as tax amnesty assets amounted to of Rp 3, 072,856,405. Pada tanggal 15 Nopember 2016, DLS, Entitas Anak, berpartisipasi dalam Program Pengampunan Pajak sesuai dengan Undang-Undang Nomor 11 Tahun 2016. DLS memperoleh Surat Keterangan Pengampunan Pajak SKPP No. KET- 51189PPWPJ.052016 tanggal 2 Desember 2016 dengan jumlah yang diakui sebagai aset pengampunan pajak sebesar Rp 100.000.000. On November 15, 2016, DLS, the Subsidiary, participated in the Tax Amnesty Program in accordance with Law No. 11 Year 2016. DLS obtained Tax Amnesty Acknowledgement letter SKPP No. KET-51189PPWPJ.052016 dated December 2, 2016 with the amounts recognized as tax amnesty assets amounted to of Rp 100,000,000. Grup telah mereklasifikasi aset pengampunan pajaknya menjadi kas dan bank dan aset tetap, dan menyesuaikan nilai tambahan modal disetor sesuai dengan hasil penilaian tersebut Catatan 24. The Group has reclassified its tax amnesty assets into cash and bank and fixed asset, and adjusted its additional paid-in capital balance according to the abovementioned valued Note 24. 17. BEBAN MASIH HARUS DIBAYAR 17. ACCRUED EXPENSES Beban masih harus dibayar terdiri atas: Accrued expenses consist of: 31 Maret 2017 31 Desember 2016 March 31, 2017 December 31, 2016 Promosi 42.749.453.623 28.956.552.033 Promotion Tunjangan karyawan 14.805.154.342 11.573.104.615 Employee welfare Ekspedisi 7.843.667.479 5.424.802.773 Expedition Utilitas 3.188.325.130 2.681.758.956 Utilities Lisensi 3.039.263.046 6.175.255.421 License Bunga 2.041.308.805 1.119.460.701 Interest Jasa profesional 509.703.059 1.210.042.937 Professional fees Lain-lain 9.515.356.889 12.108.822.736 Others Total 83.692.232.373 69.249.800.172 Total Indonesian language PT KINO INDONESIA Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Periode Tiga Bulan yang Berakhir Pada Tanggal 31 Maret 2017 Disajikan dalam Rupiah, kecuali dinyatakan lain Tidak Diaudit PT KINO INDONESIA Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the Three Months Period Ended March 31, 2017 Expressed in Rupiah, unless otherwise stated Unaudited 76 18. UTANG BANK JANGKA PANJANG 18. LONG-TERM BANK LOANS Utang bank jangka panjang yang diperoleh Entitas Induk terdiri dari: Long-term bank loans obtained by the Company consists of: 31 Maret 2017 31 Desember 2016 March 31, 2017 December 31, 2016 PT Bank Central Asia Tbk PT Bank Central Asia Tbk Fasilitas Kredit Investasi VI 2.007.399.431 3.512.948.964 Investment Credit Facility VI Fasilitas Kredit Investasi VII 10.273.001.294 11.740.572.888 Investment Credit Facility VII Fasilitas Kredit Investasi VIII 8.997.173.139 10.282.483.616 Investment Credit Facility VIII PT Bank CIMB Niaga Tbk PT Bank CIMB Niaga Tbk Fasilitas Kredit Investasi V 45.762.710.978 49.576.270.000 Investment Credit Facility V Total 67.040.284.842 75.112.275.468 Total Dikurangi bagian yang jatuh tempo Current maturities dalam waktu satu tahun of long-term bank loans PT Bank Central Asia Tbk PT Bank Central Asia Tbk Fasilitas Kredit Investasi VI 2.007.398.165 3.512.948.964 Investment Credit Facility VI Fasilitas Kredit Investasi VII 5.870.286.444 5.870.286.444 Investment Credit Facility VII Fasilitas Kredit Investasi VIII 5.141.241.808 5.141.241.808 Investment Credit Facility VIII PT Bank CIMB Niaga Tbk PT Bank CIMB Niaga Tbk Fasilitas Kredit Investasi V 15.254.238.000 15.254.238.000 Investment Credit Facility V Total bagian yang jatuh tempo Total current maturities dalam waktu satu tahun 28.273.164.417 29.778.715.216 of long-term bank loans Bagian utang bank jangka panjang 38.767.120.425 45.333.560.252 Long-term portion Pinjaman-pinjaman tersebut dibebankan suku bunga berkisar antara 10,50 - 11,00 pada tahun 2017 dan berkisar antara 10,75 - 12,00 pada tahun 2016. These loan bears annual interest rate ranging from 10.50 - 11.00 in 2017 and ranging from 10.75 - 12.00 in 2016. PT Bank Central Asia Tbk BCA PT Bank Central Asia Tbk BCA Fasilitas-fasilitas kredit yang diperoleh dari BCA terdiri atas: Credit facilities obtained from BCA are as follows: a. Fasilitas Kredit Investasi VI, diperoleh pada tanggal 28 Juni 2012, berdasarkan Akta Notaris DR. Fulgensius Jimmy H.L.T., S.H., M.H., M.M., No. 241, dengan batas maksimum pinjaman sebesar Rp 30.000.000.000. Fasilitas kredit ini digunakan untuk pembiayaan kembali mesin di pabrik Cikembar. Pinjaman ini dibayarkan setiap bulan sebesar Rp 501.849.853, dimulai pada tanggal 6 Agustus 2012 sampai dengan tanggal 6 Juli 2017. a. Investment Credit Facility VI, was obtained on June 28, 2012, based on Notarial Deed of DR. Fulgensius Jimmy H.L.T., S.H., M.H., M.M., No. 241, with maximum credit limit amounting to Rp 30,000,000,000. This facility bears is used to refinance machineries in Cikembar factory. This loan is paid in monthly installments amounting to Rp 501,849,853, starting from August 6, 2012 until July 6, 2017. b. Fasilitas Kredit Investasi VII, diperoleh pada tanggal 29 Oktober 2013, berdasarkan Akta Notaris Sri Buena Brahmana, S.H., M.kn No. 59, dengan batas maksimum pinjaman sebesar Rp 21.500.000.000. Fasilitas kredit ini telah mengalami beberapa perubahan, terakhir berdasarkan Perubahan Perjanjian Kredit No. 137 tanggal 27 Oktober 2014, dimana BCA menambahkan batas maksimum pinjaman menjadi sebesar Rp 25.900.000.000. Fasilitas kredit ini digunakan untuk pembangunan pabrik minuman energi di Cidahu dan dibayarkan setiap bulan sebesar Rp 489.190.537, dimulai pada tanggal 13 Nopember 2014 sampai dengan tanggal 13 Desember 2018. b. Investment Credit Facility VII, was obtained on October 29, 2013, based on Notarial Deed of Sri Buena Brahmana S.H., M.kn. No. 59, with maximum credit limit amounting to Rp 21,500,000,000. This agreement has been amended several times, most recently by Amendment of Credit Facility No. 137 dated on October 27, 2014, where BCA increased the maximum borrowing limit to Rp 25,900,000,000. This facility is used to construct energy drinks factory in Cidahu and is paid in monthly installments amounting to Rp 489,190,537, starting from November 13, 2014 until December 13, 2018. Indonesian language PT KINO INDONESIA Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Periode Tiga Bulan yang Berakhir Pada Tanggal 31 Maret 2017 Disajikan dalam Rupiah, kecuali dinyatakan lain Tidak Diaudit PT KINO INDONESIA Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the Three Months Period Ended March 31, 2017 Expressed in Rupiah, unless otherwise stated Unaudited 77 18. UTANG BANK JANGKA PANJANG lanjutan 18. LONG-TERM BANK LOANS continued