PREPAID TAXES TAXES PAYABLE CORPORATE INCOME TAX CORPORATE INCOME TAX continued

152 Laporan Tahunan 2012 • Annual Report 2012 • PT. ERATEX DJAJA Tbk 153 Laporan Tahunan 2012 • Annual Report 2012 • PT. ERATEX DJAJA Tbk PAYABLES TO RELATED PARTIES continued 20 TAXATION 21

a. PREPAID TAXES

Value Added Tax 1,297,916 215,805 215,805 134 24 Total prepaid taxes 1,297,916 215,805 215,805 134 24

b. TAXES PAYABLE

Income tax article 21 492,432 261,886 261,886 51 29 Income tax article 2326 22,454 30,532 30,532 2 3 Income tax article 4 2 5,250 5,000 5,000 1 1 Subsidiaries: PT Asiatex Garmindo Income tax article 21 250 - - - Income tax article 2326 131,467 1,187,596 1,187,596 14 131 Value Added Tax 119,880 613,563 613,563 12 68 PT Eratex Hongkong Ltd Income Tax 14,932 40,138 40,138 2 4 Total taxes payable 786,665 2,138,715 2,138,715 81 236

c. CORPORATE INCOME TAX

Current income tax expense: Subsidiary Companies 173,834 161,354 161,354 18 18 Sub total 173,834 161,354 161,354 18 18 Deferred tax expensebenefit: The Entity 2,563,319 2,198,027 2,198,027 272 251 Sub total 2,563,319 2,198,027 2,198,027 272 251 Total corporate tax expenses benefit 2,389,485 2,359,381 2,359,381 254 269 Dec 31, 2012 Dec 31, 2011 Dec 31, 2011 Dec 31, 2012 Dec 31, 2011 Rp Rp Rp US US After quasi Before quasi After quasi Dec 31, 2012 Dec 31, 2011 Dec 31, 2011 Dec 31, 2012 Dec 31, 2011 Rp Rp Rp US US After quasi Before quasi After quasi Dec 31, 2012 Dec 31, 2011 Dec 31, 2011 Dec 31, 2012 Dec 31, 2011 Rp Rp Rp US US After quasi Before quasi After quasi

c. CORPORATE INCOME TAX continued

The reconciliation between income loss before corporate income tax as shown in the consolidated statements of comprehensive income and the Entity income tax computation and the related corporate income tax receivables over payments are as follows: Consolidated income loss before corporate income tax 3,806,431 84,407,965 404 9,621 Less: Subsidiaries commercial gain 1,155,634 111,757 123 13 Comprehensive income - 1,062,560 - 121 Exchange difference due to translation of financial statements 11,931,782 2,608,532 1,267 298 The Entity income before corporate income tax 9,280,985 87,967,300 986 10,027 PERMANENT DIFFERENCES: Entertainment, gifts and donations 3,375 59,105 7 Travel expenses 32,900 3,654 3 Vehicle expenses 490 4,653 1 Welfare expenses 102,037 181,806 11 21 Interest income current accounts-subjected to final tax 13,121 104,785 1 12 Gain from investments - 957,845 - 109 Depreciation of fixed assets 290,533 - 31 - Others 403,922 903,051 43 102 Total permanent differences 820,136 89,639 87 10 Dec 31, 2012 Dec 31, 2011 Dec 31, 2012 Dec 31, 2011 Rp Rp US US Before quasi Before quasi PT Buana Indah Garments Short term loan: The Entity obtained loan on December 21, 2011 from PT Buana Indah Garments amounted to US 700 with interest rate 4,5. This loan will be due in February 20, 2012. The Entity also obtained long term loan from PT Buana Indah Garments based on Loan Agreement dated November 30, 2011. This loan amounted to Rp 1,800,000 with interest rate 8. On 2012, the loans was fully paid. PT ERATEX DJAJA Tbk AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued For the years ended December 31, 2012 and 2011 Expressed in thousands of Rupiah and in thousands of United States Dollars, unless otherwise stated PT ERATEX DJAJA Tbk AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued For the years ended December 31, 2012 and 2011 Expressed in thousands of Rupiah and in thousands of United States Dollars, unless otherwise stated TAXATION continued 21 TEMPORARY DIFFERENCES: Depreciation of fixed assets - 150,131 - 17 Loss on declining in receivables value 103,175 80,406 11 9 Amortization of intangible assets 117,665 109,464 12 12 Employee benefit liabilities 784,431 137,907 83 16 Loss realization for declining in value of inventories 2,247,889 563,796 239 64 Effect of implementation PSAK 5055 Revised 2006 - 8,891,174 - 1,013 Financial expenses 2,071,711 169,213 220 19 Total temporary differences 5,324,871 9,108,111 565 1,038 Total taxable income fiscal loss 3,135,978 78,948,828 334 8,999 Compensated amount of fiscal loss - 78,948,828 - 8,999 Corporate Income Tax - - - - PREPAYMENT OF INCOME TAX: Income tax article 22 39,129 19,039 4 2 Income tax article 23 72,026 144,052 7 16 Overpayment of corporate income tax 111,155 163,091 11 18 The Entity will report its 2012 annual tax return SPT based on the corporate income tax as stated above. 154 Laporan Tahunan 2012 • Annual Report 2012 • PT. ERATEX DJAJA Tbk 155 Laporan Tahunan 2012 • Annual Report 2012 • PT. ERATEX DJAJA Tbk TAXATION continued 21

d. DEFERRED TAX ASSETS LIABILITIES