PREPAID EXPENSES AND OTHER CURRENT ASSETS

the Indonesian language. PT CITRA TUBINDO Tbk DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN INTERIM Tanggal 30 Juni 2016 dan untuk Periode yang Berakhir pada Tanggal Tersebut Disajikan dalam Dolar AS, kecuali dinyatakan lain PT CITRA TUBINDO Tbk AND ITS SUBSIDIARIES NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS As of June 30, 2016 and for the Period then Ended Expressed in U.S. Dollars, unless otherwise stated 64 9. INVESTASI PADA ENTITAS ASOSIASI lanjutan 9. INVESTMENTS IN ASSOCIATES continued Citra Sumit Valind Investment Pte. Ltd. CSV Citra Sumit Valind Investment Pte. Ltd. CSV Pada tahun 1996, Perusahaan membeli 840.000 saham dengan nilai investasi sebesar Sin840.000 setara dengan AS597.143 yang merupakan 30 kepemilikan CSV, perusahaan yang didirikan di Singapura. Selain sebagai perusahaan induk, kegiatan utama CSV adalah penyediaan dukungan teknis kepada entitas anaknya sejak tahun 2013 menjadi entitas asosiasi CSV yang bergerak dalam bidang penguliran pipa, perbaikan dan perawatan segala jenis pipa casing dan pipa pengeboran dan memproduksi sambungan pipa untuk aktivitas pengeboran minyak. In 1996, the Company acquired 840,000 shares with investment value of Sin840,000 equivalent to US597,143 which represent 30 ownership interest in CSV, which is incorporated in Singapore. Aside from being a holding company, CSV is involved in activities mainly in providing technical support services to its subsidiary since 2013 become associate of CSV, which is engaged in threading, repairing and restoring various kinds of casing and drill pipes, and producing connections for servicing petroleum exploration activities. Pada tanggal 23 Februari 2006, Perusahaan mengadakan perjanjian jual beli saham dengan UMW Corporation Sdn Bhd UMW, dimana Perusahaan membeli kepemilikan saham UMW di CSV. Jumlah saham yang dibeli adalah 504.000 saham, yang merupakan 18 kepemilikan. Nilai investasi tersebut adalah sebesar Sin1.692.000 setara dengan AS1.045.875. Dengan akuisisi ini, persentase kepemilikan saham Perusahaan di CSV meningkat menjadi 48. On February 23, 2006, the Company entered into a share sale and purchase agreement with UMW Corporation Sdn Bhd UMW, whereby the Company purchased UMW’s share ownership in CSV. A total of 504,000 shares was purchased, which represent 18 ownership interest. The purchase price amounted to Sin1,692,000 equivalent to US1,045,875. With this acquisition, the Company’s share ownership in CSV increased to 48. PT Pelayaran Citranstirta Tatasarana CITA PT Pelayaran Citranstirta Tatasarana CITA Pada tanggal 13 Agustus 2014, berdasarkan akta notaris Ruth Widyastuti, S.H. No. 03, PT Pelayaran Citranstirta Tatasarana CITA, Entitas Anak melalui CPPI meningkatkan modal dasar dari Rp4.000.000.000 menjadi Rp10.000.000.000. Atas peningkatan modal dasar tersebut, PT Citra Agramasinti Nusantara CAN, pihak berelasi, menempatkan dan menyetor penuh 4.200.000 saham atau sebesar Rp4.200.000.000 setara dengan AS359.497 yang menghasilkan kenaikan pada saham yang ditempatkan dan disetor penuh dari Rp4.000.000.000 menjadi Rp8.200.000.000. Dengan adanya peningkatan modal tersebut, kepemilikan langsung CPPI pada CITA menurun dari 99,9750 menjadi 48,7683. Secara simultan, kepemilikan tidak langsung Grup pada CITA menurun dari 98,9203 menjadi 48,25. CITA tidak lagi dikonsolidasi oleh Grup mulai bulan Agustus 2014 dan disajikan sebagai investasi dengan metode ekuitas. Sisa kepemilikan di CITA dicatat pada nilai wajarnya pada saat pengendalian hilang tanggal dekonsolidasi Catatan 34. On August 13, 2014, based on the notarial deed No. 03 of Ruth Widyastuti, S.H., PT Pelayaran Citranstirta Tatasarana CITA, a Subsidiary through CPPI, increased its authorized share capital from Rp4,000,000,000 to Rp10,000,000,000. From the additional authorized shares, PT Citra Agrimasinti Nusantara CAN, an affiliated company, had subscribed and fully paid 4,200,000 shares or Rp4,200,000,000 equivalent to US359,497 which resulted to the increase of CITA’s issued and fully paid shares from Rp4,000,000,000 to Rp8,200,000,000. As a result, CPPI’s direct ownership interest in CITA has decreased from 99.9750 to 48.7683. Simultaneously, the indirect ownership interest of the Group in CITA has decreased from 98.9203 to 48.25. CITA was deconsolidated by the Group in August 2014 and was presented as an investment under the equity method. The remaining ownership interest in CITA was recorded at fair value when the control was lost date of deconsolidation Note 34. the Indonesian language. PT CITRA TUBINDO Tbk DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN INTERIM Tanggal 30 Juni 2016 dan untuk Periode yang Berakhir pada Tanggal Tersebut Disajikan dalam Dolar AS, kecuali dinyatakan lain PT CITRA TUBINDO Tbk AND ITS SUBSIDIARIES NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS As of June 30, 2016 and for the Period then Ended Expressed in U.S. Dollars, unless otherwise stated 65 10. ASET TETAP 10. PROPERTY, PLANT AND EQUIPMENT Aset tetap terdiri dari: Property, plant and equipment consist of the following: Selisih Kurs Karena Penjabaran Keuangan Difference in Saldo Awal Foreign Saldo Akhir Beginning Penambahan Pengurangan Reklasifikasi Currency Ending 30 Juni 2016 Balance Additions Deductions Reclassifications Translation Balance 30 June 2016 Biaya Perolehan Cost Hak atas tanah 1.997.799 - - - - 1.997.799 Landrights Pengembangan prasarana 422.573 - - - - 422.573 Leasehold improvements Bangunan dan prasarana 52.781.839 - - - - 52.781.839 Building and improvements Mesin dan peralatan 81.488.849 430.600 - - 1.837 81.917.612 Machinery and equipment Peralatan kantor 1.969.351 1.189 1.438 - 4.518 1..964.584 Office equipment Peralatan pengangkutan 1.885.104 - 136.611 - 6.716 1.741.777 Transportation equipment Aset dalam penyelesaian 22.001.023 395.461 - - - 22.396.484 Construction in progress Total 162.546.538 827.250 138.049 - 13.071 163.222.668 Total Akumulasi Penyusutan Accumulated Depreciation Pengembangan prasarana 192.231 42.244 - - - 234.475 Leasehold improvements Bangunan dan prasarana 24.750.484 769.907 - - - 25.520.391 Building and improvements Mesin dan peralatan 65.270.571 2.134.890 - - 1.920 67.403.541 Machinery and equipment Peralatan kantor 1.626.451 37.407 779 - 3.719 1.659.360 Office equipment Peralatan pengangkutan 1.588.118 64.157 136.611 - 2.775 1.512.889 Transportation equipment Total 93.427.855 3.048.605 137.390 - 8.414 96.330.656 Total Nilai Buku Neto 69.118.683 66.892.012 Net Book Value Selisih Kurs Karena Penjabaran Keuangan Difference in Saldo Awal Foreign Saldo Akhir Beginning Penambahan Pengurangan Reklasifikasi Currency Ending 31 Desember 2015 Balance Additions Deductions Reclassifications Translation Balance 31 December 2015 Biaya Perolehan Cost Hak atas tanah 1.965.577 32.222 - - - 1.997.799 Landrights Pengembangan prasarana 422.573 - - - - 422.573 Leasehold improvements Bangunan dan prasarana 51.606.725 53.346 - 1.121.768 - 52.781.839 Building and improvements Mesin dan peralatan 81.342.156 716.263 1.595.916 1.027.617 1.271 81.488.849 Machinery and equipment Peralatan kantor 3.297.853 341.877 1.660.641 - 9.738 1.969.351 Office equipment Peralatan pengangkutan 1.876.723 28.920 - - 20.539 1.885.104 Transportation equipment Aset dalam penyelesaian 13.065.206 11.085.202 - 2.149.385 - 22.001.023 Construction in progress Total 153.576.813 12.257.830 3.256.557 - 31.548 162.546.538 Total Akumulasi Penyusutan Accumulated Depreciation Pengembangan prasarana 107.716 84.515 - - - 192.231 Leasehold improvements Bangunan dan prasarana 23.215.990 1.540.270 5.776 - - 24.750.484 Building and improvements Mesin dan peralatan 62.622.287 4.251.561 1.580.410 22.230 637 65.270.571 Machinery and equipment Peralatan kantor 3.101.391 169.958 1.659.506 22.230 7.622 1.626.451 Office equipment Peralatan pengangkutan 1.435.359 163.189 - - 10.430 1.588.118 Transportation equipment Total 90.482.743 6.209.493 3.245.692 - 18.689 93.427.855 Total Nilai Buku Neto 63.094.070 69.118.683 Net Book Value Pembebanan penyusutan adalah sebagai berikut: Depreciation expense allocation is as follows: Enam bulan yang berakhir pada tanggal 30 Juni Six months ended June 30 2016 2015 Beban pokok penjualan dan jasa 2.813.454 2.966.249 Cost of sales and services Beban umum dan administrasi General and administrative expenses Catatan 24 235.151 255.490 Note 24 Total 3.048.605 3.221.739 Total