UTANG BANK JANGKA PANJANG Lanjutan LONG-TERM BANK LOANS Continued

originally issued in Indonesian language Ž k shibit E 88 Exhibit E88 PT MODERN INTERNASIONAL Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK TAHUN YANG BERAKHIR PADA 31 DESEMBER 2016 Disajikan dalam Rupiah, kecuali dinyatakan lain PT MODERN INTERNASIONAL Tbk AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016 Expressed in Rupiah, unless otherwise stated 3 3. SEGMEN OPERASI Lanjutan 33. OPERATING SEGMENTS Continued Segmen Geografis Geographical Segment Segmen geografis ditentukan berdasarkan lokasi aset atau operasi Perusahaan, yakni Pulau Jawa, Pulau Sumatera, Pulau Sulawesi, Pulau Kalimantan, Pulau Bali, Pulau Batam dan lainnya. Geographical segment which is determined based on the asset location or the Group s operations, namely Java Island, Sumatera Island, Sulawesi Island, Kalimantan Island, Bali Island, Batam Island and others. Informasi berdasarkan geografis adalah sebagai berikut: Information based on geographical locations is as follows: 31 Desember 201631 December 2016 Produk 7-Eleven Produk Industrial Produk Fotocopi Produk fotografi 7-Eleven Products Industrial Products Photocopy Products Photographic products Lain-lain Others T o t a l T o t a l Jawa 751.011.262.407 96.938.646.846 87.564.110.646 - 35.252.427.455 970.766.447.354 Java Bali - 1.095.701.663 987.025.698 - 5.808.000 2.088.535.361 Bali Batam - 310.715.870 1.259.940.807 - - 1.570.656.677 Batam Sumatera - 7.060.216.279 - - - 7.060.216.279 Sumatera Kalimantan - 5.675.307.583 71.739.764 - - 5.747.047.347 Kalimantan Sulawesi - 6.817.647.480 242.324.974 - - 7.059.972.454 Sulawesi T o t a l 751.011.262.407 117.898.235.721 90.125.141.889 - 35.258.235.455 994.292.875.472 T o t a l Eliminasi 75.735.329.159 8.675.553.710 18.460.827.509 - - 102.871.710.378 Elimination Penjualan, Neto 675.275.933.248 109.222.682.011 71.664.314.380 - 35.258.235.455 891.421.165.094 Net sales Jawa 1.175.538.730.850 33.377.892.760 77.715.498.504 - 29.381.073.690 1.316.013.195.804 Java Bali - 189.337.551 1.692.333.995 - - 1.881.671.546 Bali Batam - 340.500.494 254.290.404 - 3.386.819.474 3.981.610.372 Batam Sumatera - 4.062.741.667 372.591.390 - - 4.435.333.057 Sumatera Kalimantan - 1.172.476.973 225.447.439 - 338.570.935 1.736.495.347 Kalimantan Sulawesi - 4.243.500.971 176.731.540 - - 4.420.232.511 Sulawesi Sub-total 1.175.538.730.850 43.386.450.416 80.436.893.272 - 33.106.464.099 1.332.468.538.637 Sub-total Aset yang tidak dapat dialokasikan 649.954.627.770 Unallocated assets Total Aset 1.982.423.166.407 Total Assets 31 Desember 201531 December 2015 Produk 7-Eleven Produk Industrial Produk Fotocopi Produk fotografi 7-Eleven Products Industrial Products Photocopy Products Photographic products Lain-lain Others T o t a l T o t a l Jawa 965.020.751.287 145.257.113.405 129.841.073.447 61.329.219.794 24.358.231.689 1.325.806.389.622 Java Bali - 670.681.060 - 963.866.263 772.272.911 2.406.820.234 Bali Batam - 2.786.581.051 - 6.164.028.644 56.176.272 9.006.785.967 Batam Sumatera - 15.301.367.089 - 3.923.642.111 146.542.541 19.371.551.741 Sumatera Kalimantan - 7.567.912.227 - 3.069.477.620 242.105.744 10.879.495.591 Kalimantan Sulawesi - 9.220.592.752 - 5.506.197.989 537.031.764 15.263.822.505 Sulawesi T o t a l 965.020.751.287 180.804.247.584 129.841.073.447 80.956.432.421 26.112.360.921 1.382.734.865.660 T o t a l Eliminasi 78.176.828.400 16.402.134.034 40.756.231.500 3.433.380.985 15.239.664.174 154.008.239.093 Elimination Penjualan, Neto 886.843.922.887 164.402.113.550 89.084.841.947 77.523.051.436 10.872.696.747 1.228.726.626.567 Net sales Jawa 1.654.679.088.130 76.824.187.044 11.331.354.868 10.017.236.421 113.839.173.998 1.866.691.040.461 Java Bali - 320.009.515 - 110.685.826 187.969.014 618.664.355 Bali Batam - 770.320.378 - - - 770.320.378 Batam Sumatera - 8.355.031.175 - 1.462.874.545 - 9.817.905.720 Sumatera Kalimantan - 5.739.907.694 - 719.905.982 67.155.052 6.526.968.728 Kalimantan Sulawesi - 5.122.375.408 - 846.830.820 1.394.769 5.970.600.997 Sulawesi Sub-total 1.654.679.088.130 97.131.831.214 11.331.354.868 13.157.533.594 114.095.692.833 1.890.395.500.639 Sub-total Aset yang tidak dapat dialokasikan 598.947.118.142 Unallocated assets Total Aset 2.489.342.618.781 Total Assets originally issued in Indonesian language  k shibit E 89 Exhibit E89 PT MODERN INTERNASIONAL Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK TAHUN YANG BERAKHIR PADA 31 DESEMBER 2016 Disajikan dalam Rupiah, kecuali dinyatakan lain PT MODERN INTERNASIONAL Tbk AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016 Expressed in Rupiah, unless otherwise stated 34. PERJANJIAN PENTING, IKATAN DAN KONTINJENSI 34. SIGNIFICANT AGREEMENTS, COMMITMENTS AND CONTINGENCIES Perusahaan Perusahaan a Sejak tahun 1971, Perusahaan mengadakan . perjanjian distributor dengan Fuji Photo Film . Co., Ltd., Jepang Fuji, dimana Perusahaan . sebagai distributor tunggal Fuji di Indonesia . diberikan hak untuk menjual, memasarkan atau mendistribusikan dan melakukan jasa . perbaikan atas peralatan fotografi, produk peka cahaya lainnya dan produk-produk lain dari Fuji. Fuji juga memberikan wewenang dan izin kepada Perusahaan untuk menggunakan . semua merek dagang terdaftar yang sekarang . atau di kemudian hari dimiliki oleh Fuji. a Since 1971, the Company has entered into a . distributorship agreement with Fuji Photo Film Co., Ltd., Japan Fuji, whereby the Company as the sole distributor of Fuji in Indonesia has been granted the rights to sell, market or otherwise distribute and do repair services on photographic equipment, other light sensitive products and other products of Fuji. Fuji also authorizes and permits the Company to use any and all registered trademarks now or here after owned by Fuji. Pada tanggal 1 Mei 2015. Perusahaan . mengadakan Perjanjian Pengalihan Hak Dagang dan Penghentian Perjanjian Distribusi dengan Fujifilm Corporation, PT Fujifilm Indonesia FFID dan Fujifilm Medical Systems USA., Inc., pihak ketiga, dimana Perusahaan menyetujui untuk menjual dan mengalihkan hak dagang untuk menjual, mendistribusikan dan menyediakan produk- produk Fujifilm Corporation dan Fujifilm Medical Systems USA., Inc., kepada FFID dan menyediakan informasi pelanggan dan dukungan supaya pengalihan usaha berjalan dengan lancar. FFID diharuskan untuk melakukan pembayaran kompensasi sebesar USD 17.000.000 setara dengan Rp 229.806.000.000 dalam empat kali pembayaran kepada Perusahaan. Pada tahun 2016, FFID telah membayar semua piutang dari perjanjian ini. On 1 May 2015, the Company entered into a Trade Rights Transfer agreement and . Termination of Distributorship Agreement with Fujifilm Corporation, PT Fujifilm Indonesia FFID and Fujifilm Medical Systems USA., Inc., third parties, whereby the Company agreed to sell and transfer its trade rights to sell, distribute and provide Fujifilm Corporation and Fujifilm Medical Systems USA., Inc., products to FFID and to provide customer information and support for the smooth business transfer. FFID was obliged to pay compensation amounting to . USD 17,000,000 equivalent to . Rp 229,806,000,000 in four installments to the Company. In 2016, FFID has fully paid all receivable arising from this agreement. Berdasarkan perjanjian ini, mulai September 2015, Grup menghentikan seluruh .. kegiatan penjualan terkait dengan distribusi .. produk fotografi dan melakukan penurunan .. nilai atas persediaan terkait Catatan 9. Based on this agreement, starting in September 2015, the Group has stopped all activities related to the distribution of photographic products and impairs the value of related inventories Note 9. b Pada tanggal 1 Mei 2012, Perusahaan mengadakan perjanjian distribusi dengan Shimadzu Asia Pacific Pte. Ltd., Singapura Shimadzu dimana Shimadzu menunjuk Perusahaan sebagai distributor eksklusif atas produknya di Indonesia. Perjanjian kerjasama ini berlaku sejak perjanjian ditanda tangani a dan tidak mempunyai batas waktu, kecuali saat kedua pihak sepakat mengakhiri perjanjian. b On 1 May 2012, the Company entered into a . distributorship agreement Shimadzu Asia . Pacific Pte. Ltd., Singapore Shimadzu, . whereby Shimadzu appoints the Company as its exclusive distributor of Shimadzu s products in Indonesia. This agreement is effective from the signing date of the agreement and has no expiry date, unless terminated by both parties.