TRADE RECEIVABLES Financial Information | Perusahaan Gas Negara Persero Tbk PT

The original consolidated financial statements included herein are in the Indonesian language. PT PERUSAHAAN GAS NEGARA PERSERO TBK DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN 31 Desember 2015 dan Tahun Yang Berakhir Pada Tanggal Tersebut Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain PT PERUSAHAAN GAS NEGARA PERSERO TBK AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS December 31, 2015 and The Year Then Ended Expressed in US Dollar, Unless Otherwise Stated 97 10. UANG MUKA lanjutan 10. ADVANCES continued Uang muka pembelian barang dan jasa merupakan pembayaran atas pengadaan Metering Regulating System MRS, pipa baja, pilot dan ball valve serta uang muka untuk jasa pengeboran kepada pihak ketiga termasuk didalamnya uang muka ke operator Muara Bakau PSC sebesar US14.725.923 pada tanggal 31 Desember 2015. Advance for purchase of goods and services represents payment for Metering Regulating System MRS procurement, steel pipe, pilot and ball valve, and advances for drilling services to the third parties including advances paid to Muara Bakau PSC’s operator amounted to US14,725,923 as of December 31, 2015. Manajemen Kelompok Usaha berpendapat bahwa seluruh uang muka tersebut dapat dipulihkan. The management of the Group believes that all of such advances can be recovered. 11. BEBAN DIBAYAR DI MUKA 11. PREPAID EXPENSES Akun ini terdiri dari: This account consists of: 31 DesemberDecember 31, 2014 Disajikan Kembali Catatan 4 2015 As Restated Note 4 Joint interest billing dari Joint interest billing from aktivitas minyak dan gas 6.766.515 4.239.091 oil and gas activities Arrangement Fee Catatan 20 5.191.000 9.100.000 Arrangement Fee Note 20 Sewa 499.562 1.035.886 Rent Asuransi - 307.243 Insurance Lain-lain 911.957 108.157 Others ____ Total 13.369.034 14.790.377 Total 12. PIUTANG LAIN-LAIN JANGKA PANJANG 12. OTHER LONG-TERM RECEIVABLES Akun ini terdiri dari: This account consists of: 31 DesemberDecember 31, 2014 Disajikan Kembali Catatan 4 2015 As Restated Note 4 Piutang carry - Salamander Energy Carry receivables - Salamander Bangkanai Limited 35.600.000 35.600.000 Energy Bangkanai Limited Penyesuaian nilai wajar 1.630.148 2.376.384 Fair value adjustment Nilai tercatat 33.969.852 33.223.616 Carrying value Piutang carry - GDF Suez Exploration Carry receivables - GDF Suez Exploration Indonesia B.V 178.451.512 - Indonesia B.V Penyesuaian nilai wajar 7.169.865 - Fair value adjustment Nilai tercatat 171.281.647 - Carrying value Piutang dari KUFPEC 7.771.788 7.771.788 Receivable from KUFPEC Penyesuaian nilai wajar 278.679 458.889 Fair value adjustment Nilai tercatat 7.493.109 7.312.899 Carrying value Piutang penggantian PPN 63.094.745 21.254.272 Reimbursable VAT Saldo akhir 275.839.353 61.790.787 Ending balance The original consolidated financial statements included herein are in the Indonesian language. PT PERUSAHAAN GAS NEGARA PERSERO TBK DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN 31 Desember 2015 dan Tahun Yang Berakhir Pada Tanggal Tersebut Disajikan dalam Dolar AS, Kecuali Dinyatakan Lain PT PERUSAHAAN GAS NEGARA PERSERO TBK AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS December 31, 2015 and The Year Then Ended Expressed in US Dollar, Unless Otherwise Stated 98

12. PIUTANG LAIN-LAIN

JANGKA PANJANG lanjutan 12. OTHER LONG-TERM RECEIVABLES continued Berdasarkan perjanjian Farm Out Bangkanai PSC tanggal 11 Maret 2013, SBK akan melakukan pembayaran carry kepada Salamander Energy Bangkanai Limited atas biaya pengembangan sebesar US30.000.000, biaya pengeboran di sumur West Kerendan-1 sebesar US5.600.000, dan biaya pengeboran sumur eksplorasi selanjutnya sebesar US1.500.000 di blok tersebut. Sampai tanggal 31 Desember 2014, jumlah yang telah dibayarkan oleh SBK sebesar US35.600.000. Selama tahun 2015, tidak ada tambahan pembayaran carry oleh SBK. SBK dapat memulihkan biaya pengembangan dan pengeboran tersebut pada saat aktivitas produksi, dengan nilai maksimum sebesar jumlah tersebut di atas. Based on Farm Out Agreement of Bangkanai PSC dated March 11, 2013, SBK will pay carry to Salamander Energy Bangkanai Limited amounted to US30,000,000 for development costs, US5,600,000 for drilling cost in West Kerendan-1 Well and US1,500,000 for the next exploration drilling cost in such block. Until December 31, 2014, the amount paid by SBK was US35,600,000. There was no additional carry payment made by SBK during 2015. SBK can recover the development and drilling cost during the production activities, to a maximum of the above amounts. Pada tanggal 12 Februari 2014, PT Saka Energi Muara Bakau “SEMB” - entitas anak, melakukan perjanjian jual beli 11,6 participating interest di Muara Bakau PSC dengan GDF SUEZ Exploration Indonesia B.V. Persetujuan dari Pemerintah Indonesia dan SKKMIGAS telah diperoleh pada tanggal 12 Januari 2015 dan 4 Februari 2015. Berdasarkan Carry Agreement Muara Bakau PSC tanggal 12 Februari 2014, SEMB akan melakukan pembayaran carried cost kepada GDF Suez Exploration Indonesia B.V. atas biaya pengembangan sumur Jangkrik. Sampai dengan 31 Desember 2015, jumlah yang telah dibayarkan oleh SEMB adalah sebesar US178.451.512. On February 12, 2014, PT Saka Energi Muara Bakau “SEMB” - a subsidiary, signed a sale and purchase agreement of 11.6 participating interest in Muara Bakau PSC with GDF SUEZ Exploration Indonesia B.V. Approval from Government of Indonesia and SKKMIGAS are obtained on January 12, 2015 and February 4, 2015. Based on Carry Agreement of Muara Bakau PSC dated on February 12, 2014, SEMB should make payments of carried cost to GDF Suez Exploration Indonesia B.V. for Jangkrik development. As of December 31, 2015, the amount paid by SEMB is US178,451,512. Piutang dari Kuwait Foreign Petroleum Exploration Company K.S.C. Closed KUFPEC merupakan piutang sehubungan dengan beban pajak yang terutang di SIP yang ditanggung oleh KUFPEC sesuai dengan Perjanjian Jual Beli KUFPEC Indonesia Pangkah B.V. antara SEI dengan KUFPEC tanggal 24 April 2013. Receivables from Kuwait Foreign Petroleum Exploration Company K.S.C. Closed KUFPEC represent tax expense incurred in SIP which will be borne by KUFPEC based on Sales Purchase Agreement of KUFPEC Indonesia Pangkah B.V. between SEI with KUFPEC dated April 24, 2013. Manajemen Kelompok Usaha berpendapat bahwa saldo seluruh piutang tersebut dapat ditagih sehingga tidak diperlukan cadangan kerugian penurunan nilai. The management of the Group believes that all of the receivables are collectible. Hence, no allowance for impairment losses is required.