Risiko mata uang lanjutan Foreign exchange rate risk continued

PT Krakatau Steel Persero Tbk. Laporan Tahunan 2014 Annual Report 405 the Indonesian language. PT KRAKATAU STEEL PERSERO Tbk dan Entitas Anaknya CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2014 dan Tahun yang Berakhir pada Tanggal Tersebut Disajikan dalam ribuan Dolar AS dan dalam jutaan Rupiah, kecuali dinyatakan lain PT KRAKATAU STEEL PERSERO Tbk and Its Subsidiaries NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2014 and Year Then Ended Expressed in thousands of US Dollar and in millions of Rupiah, unless otherwise stated 150

33. KEBIJAKAN DAN TUJUAN MANAJEMEN RISIKO KEUANGAN lanjutan

33. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES continued

MANAJEMEN RISIKO lanjutan RISK MANAGEMENT continued

b. Risiko mata uang lanjutan

b. Foreign exchange rate risk continued

Apabila penurunan nilai tukar mata uang Rupiah berlanjut melemah dari nilai tukar yang berlaku pada tanggal 31 Desember 2014, liabilitas moneter dalam mata uang asing akan meningkat dalam mata uang Rupiah. Namun, peningkatan liabilitas ini akan dihapus oleh peningkatan nilai aset moneter dalam mata uang asing. Pada tanggal 31 Desember 2014, sebanyak 0,00 dari utang Kelompok Usaha dalam mata uang Dolar AS dilindungi dari risiko nilai tukar mata uang asing dengan menandatangani beberapa kontrak swap valuta asing. To the extent the Indonesian Rupiah depreciated further from exchange rates in effect at December 31, 2014, monetary liabilities denominated in foreign currencies would increase in Indonesian Rupiah terms. However, the increases in these obligations would be offset by increases in the values of foreign currency-denominated monetary assets. As of December 31, 2014, 0.00 of the Group’s US Dollar-denominated debts were hedged from exchange rate risk by entering into several foreign exchange swap contracts. Aset dan liabilitas moneter Kelompok Usaha dalam mata uang asing pada tanggal 31 Desember 2014 dan 2013 disajikan pada Catatan 36. Monetary assets and liabilities of the Group denominated in foreign currencies as of December 31, 2014 and 2013 are presented in Note 36. Analisis sensitivitas untuk risiko mata uang asing Sensitivity analysis for foreign currency risk Pada tanggal 31 Desember 2014, jika nilai tukar Dolar AS terhadap mata uang asing menurunmeningkat sebanyak 10 dengan semua variabel konstan, rugi sebelum pajak untuk tahun yang berakhir pada tanggal tersebut lebih rendahtinggi sebesar US40.991 terutama sebagai akibat kerugiankeuntungan translasi kas dan setara kas, piutang usaha, utang usaha dan pinjaman dalam mata uang asing. As of December 31, 2014, had the exchange rates of the US Dollar against foreign currencies depreciatedappreciated by 10 with all other variables held constant, loss before tax for the year then ended would have been US40,991 lowerhigher, mainly as a result of foreign exchange lossesgains on the translation of cash and cash equivalents, trade receivables, trade payables and loans denominated in foreign currencies.

c. Risiko kredit