SIGNIFICANT ACCOUNTING JUDGEMENTS, ESTIMATES AND ASSUMPTIONS Continued

PT PANIN SEKURITAS TBK DAN ENTITAS ANAKNYAAND ITS SUBSIDIARIES PT PANIN SEKURITAS Tbk DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2016 Dinyatakan dalam Rupiah, kecuali dinyatakan lain PT PANIN SEKURITAS Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT FOR THE YEAR ENDED 31 DECEMBER 20166 Expressed in Rupiah, unless otherwise stated Halaman - 47 - Page 6. PIUTANG NASABAH Lanjutan 6. RECEIVABLE FROM CUSTOMERS Continued 2016 2015 Pihak ketiga – bersih pindahan 874.744.047.349 338.828.322.094 Third parties – net carrying forward Pihak berelasi lihat Catatan 38a Related parties see Note 38a Reguler Regular Reksa Dana Panin Dana Ultima - 3.022.079.750 Reksa Dana Panin Dana Ultima Reksa Dana Panin Dana Syariah - 5.087.376.575 Reksa Dana Panin Dana Syariah Reksa Dana Panin Dana Maksima 10.955.227.190 9.979.674.766 Reksa Dana Panin Dana Maksima 10.955.227.190 18.089.131.091 885.699.274.539 356.917.453.185 Pada umumnya, seluruh piutang nasabah diselesaikan dalam waktu singkat, biasanya dalam waktu 3 tiga hari dari tanggal perdagangan. Substantially, all receivables from customers are settled within a short period of time, usually within 3 three days from the trade date. Piutang marjin yang terkait dengan pembiayaan transaksi marjin dikenakan bunga sesuai dengan kebijakan perusahaan. Margin receivables related to margin transaction financing borne interest accordi ng to Company’s policy. Pada tanggal laporan posisi keuangan konsolidasian, seluruh piutang nasabah adalah dalam mata uang Rupiah. As at consolidated statements of financial position date, all receivables from customers are denominated in Rupiah currency. Perusahaan tidak membentuk penyisihan kerugian penurunan nilai karena Perusahaan berkeyakinan para nasabah mempunyai jaminan yang cukup sehingga tidak timbul kerugian dari piutang nasabah yang tidak tertagih. No provision for impairment losses has been provided as the Company’s management believes that the customers has sufficient collateral so there is no possible future losses from uncollectible receivables. Nilai wajar aset keuangan yang dicatat sebesar biaya perolehan diamortisasi dalam laporan keuangan konsolidasian mendekati nilai tercatatnya karena jatuh temponya dalam jangka pendek atau menggunakan suku bunga pasar yang berlaku. The fair values of the financial assets recorded at amortized cost in the consolidated financial statements approximate their fair values because of their short-term maturities or they carry prevailing market interest rates. Tidak terdapat piutang nasabah yang dijaminkan pada setiap akhir periode pelaporan. There are no receivables from customer pledged at the end of each reporting period. PT PANIN SEKURITAS TBK DAN ENTITAS ANAKNYAAND ITS SUBSIDIARIES PT PANIN SEKURITAS Tbk DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2016 Dinyatakan dalam Rupiah, kecuali dinyatakan lain PT PANIN SEKURITAS Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT FOR THE YEAR ENDED 31 DECEMBER 20166 Expressed in Rupiah, unless otherwise stated Halaman - 48 - Page 7. PIUTANG KEGIATAN MANAJER INVESTASI 7. RECEIVABLES FROM INVESTMENT MANAGER 2016 2015 Berdasarkan reksadana By mutual funds Pihak berelasi lihat Catatan 38a Related parties see Note 38a Panin Dana Maksima 9.904.939.213 14.517.962.053 Panin Dana Maksima Panin Dana Prima 3.761.134.423 3.518.592.137 Panin Dana Prima Panin Dana Ultima 2.062.003.673 3.719.928.441 Panin Dana Ultima Panin Dana Infrastruktur Panin Dana Infrastruktur Bertumbuh 1.480.666.920 - bertumbuh Panin Dana Bersama Plus 1.372.535.678 1.470.002.532 Panin Dana Bersama Plus Panin Dana Teladan 1.354.952.897 - Panin Dana Teladan Lain-lain masing-masing dibawah 5 dari jumlah 2.216.403.257 2.959.016.409 Others each below 5 of total 22.152.636.061 26.185.501.572 Pihak ketiga Third parties Lain-lain masing-masing dibawah 5 dari jumlah 952.585.410 852.893.650 Others each below 5 of total 23.105.221.471 27.038.395.222 Nilai wajar aset keuangan yang dicatat sebesar biaya perolehan diamortisasi dalam laporan keuangan konsolidasian mendekati nilai tercatatnya karena jatuh temponya dalam jangka pendek atau menggunakan suku bunga pasar yang berlaku. The fair values of the financial assets recorded at amortized cost in the consolidated financial statements approximate their fair values because of their short-term maturities or they carry prevailing market interest rates. Pada tanggal laporan posisi keuangan konsolidasian, seluruh piutang kegiatan manajer investasi adalah dalam Rupiah Indonesia. As at consolidated statements of financial position date, all receivables from investment manager are denominated in Indonesian Rupiah. Tidak terdapat piutang kegiatan manajer investasi yang dijaminkan pada setiap akhir periode pelaporan. There are no receivables from investment manager pledged at the end of each reporting period. 8. PORTOFOLIO EFEK 8. MARKETABLE SECURITIES 2016 2015 Aset keuangan pada nilai wajar Financial assets at fair value melalui laba rugi 902.817.153.495 819.652.616.721 through profit or loss Tidak terdapat portofolio efek yang dijaminkan pada setiap akhir periode pelaporan. There are no marketable securities pledged at the end of each reporting period. 2016 2015 Harga kuotasi Quoted price Pihak berelasi lihat Catatan 38a Related parties see Note 38a Reksadana 841.129.138.289 764.348.538.734 Mutual funds Efek utang 20.384.685.400 19.862.540.000 Debt securities Efek ekuitas 17.783.276.000 20.229.933.000 Equity securities 879.297.099.689 804.441.011.734 Pihak ketiga Third parties Efek ekuitas 21.520.629.206 15.211.604.987 Equity securities Efek utang 1.999.424.600 - Debt securities 23.520.053.806 15.211.604.987 Nilai wajar 902.817.153.495 819.652.616.721 Fair value