Subsidi Listrik Pemerintah By installment schedule, at nominal amount

PERUSAHAAN PERSEROAN PERSERO PT PERUSAHAAN LISTRIK NEGARA DAN ENTITAS ANAKAND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Lanjutan Untuk Tahun-tahun yang Berakhir pada Tanggal 31 Desember 2016 dan 2015 Dalam jutaan Rupiah, kecuali dinyatakan lain NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Continued For the Years Ended December 31, 2016 and 2015 In millions of Rupiah, unless otherwise stated 129 Sebelum 1 Januari 2016, komponen pemeliharaan dalam transaksi berdasarkan PPA dan ESC dengan IPP yang sebelumnya ditentukan mengandung sewa menurut ISAK 8 dicatat sebagai beban pemeliharaan. Sebagai dampak diterapkannya POJK No.6 secara prospektif mulai 1 Januari 2016 Catatan 2.a, komponen pemeliharaan tersebut dicatat sebagai beban pembelian tenaga listrik Catatan 40. Prior to January 1, 2016, maintenance component in transactions based on PPAs and ESCs with IPPs which were previously determined as containing a lease in accordance with ISAK 8 are recorded as maintenance expense. As a result of the prospective application of POJK No.6 since January 1, 2016 Note 2.a, such maintenance components are recorded as purchased electricity expense Note 40. 43. Beban Kepegawaian 43. Personnel Expenses 2016 2015 Rp Rp Jasa produksi dan insentif prestasi kerja 7.001.682 5.763.554 Bonus and performance incentives Imbalan kerja Catatan 49 4.968.131 5.335.698 Employee benefits Note 49 Gaji 4.262.154 4.075.165 Salaries Tunjangan 2.708.988 2.121.034 Allowances Lain-lain 3.719.010 3.025.686 Others Jumlah 22.659.965 20.321.137 Total 44. Beban Usaha Lain-Lain 44. Other Operating Expenses 2016 2015 Rp Rp Baca meter 1.084.739 914.309 Meter reading Honorarium 751.655 683.611 Honorarium Perjalanan dinas 725.198 598.783 Travel Penagihan rekening dan penertiban Billing collection and orderliness pemakaian tenaga listrik 686.023 681.254 of electricity used Pengelolaan pelanggan 666.112 672.357 Customer maintenance Teknologi informasi 536.176 527.592 Technological information Listrik, gas dan air 298.176 285.952 Electricity, gas, and water Asuransi -- 607.718 Insurance Lain-lain Others masing-masing dibawah Rp200.000 2.535.985 2.118.501 each below Rp200,000 Jumlah 7.284.064 7.090.077 Total 45. Beban Keuangan 45. Financial Cost 2016 2015 Rp Rp Pihak berelasi Related parties Utang bank 3.774.489 2.803.534 Bank loans Penerusan pinjaman 633.599 564.820 Two-step loans Utang kepada Pemerintah 558.962 569.073 Government loans Utang usaha atas pembelian BBM -- 17.133 Trade payables on fuel Utang Sewa Pembiayaan -- 3.065.008 Lease liabilities Instrumen derivatif 105.215 -- Derivative instruments Jumlah pihak berelasi 5.072.265 7.019.568 Total related parties PERUSAHAAN PERSEROAN PERSERO PT PERUSAHAAN LISTRIK NEGARA DAN ENTITAS ANAKAND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Lanjutan Untuk Tahun-tahun yang Berakhir pada Tanggal 31 Desember 2016 dan 2015 Dalam jutaan Rupiah, kecuali dinyatakan lain NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Continued For the Years Ended December 31, 2016 and 2015 In millions of Rupiah, unless otherwise stated 130 2016 2015 Rp Rp Pihak ketiga Third parties Utang sewa pembiayaan 4.273.840 23.127.774 Lease liabilities Utang obligasi 6.487.714 7.321.872 Bonds payable Utang bank 2.289.708 1.898.864 Bank loans Utang listrik swasta 471.406 510.678 Electricity purchase payable Lain-lain 108.343 98.472 Others Jumlah pihak ketiga 13.631.011 32.957.660 Total third parties Jumlah 18.703.276 39.977.228 Total Sebelum 1 Januari 2016, Perusahaan dan entitas anak mencatat beban keuangan yang terjadi dalam transaksi berdasarkan PPA dan ESC dengan IPP yang sebelumnya ditentukan mengandung sewa menurut ISAK 8 dan diklasifikasikan sebagai sewa pembiayaan. Sejak 1 Januari 2016, seluruh transaksi berdasarkan PPA dan ESC dengan IPP diperlakukan sebagai beban pembelian tenaga listrik Catatan 2.a. Prior to January 1, 2016, the Company and its subsidiaries recorded finance costs incurred for transactions based on PPAs and ESCs with IPPs which were previously determined as containing a lease in accordance with ISAK 8 and classified as financial lease. Since January 1, 2016, all transactions based on PPAs and ESCs with IPPs are treated as purchased electricity expense Note 2.a. 46. Penghasilan Lain-Lain - Bersih 46. Other Income - Net 2016 2015 Rp Rp Penghasilan denda administrasi 1.848.808 1.533.497 Administrative penalty income Bagian laba bersih entitas asosiasi Equity in net income of associates dan ventura bersama 490.705 688.991 and joint ventures Penghasilan jasa dan klaim 44.988 102.212 Claim and service income Keuntungan penjualan aset tidak Gain on sale of assets not used digunakan dalam operasi 27.705 9.285 in operations Beban penelitian 27.417 39.676 Research expenses Program pemberdayaan lingkungan 81.079 159.883 Community development programs Kerugian penurunan nilai aset Loss on impairment tidak digunakan dalam operasi 167.941 497.835 of asset not used in operations Lain-lain 1.043.403 800.475 Others Jumlah 1.092.366 2.437.066 Total

47. Pajak Penghasilan

47. Income Tax

Beban manfaat pajak Perusahaan dan entitas anak terdiri dari: Tax expense benefits of the Company and its subsidiaries consist of the following: 2016 2015 Rp Rp Beban pajak kini 263.510 1.356.581 Current tax Beban manfaat Pajak tangguhan 5.164.333 23.296.523 Deferred tax benefits expenses Jumlah beban pajak 5.427.843 21.939.942 Total tax expenses PERUSAHAAN PERSEROAN PERSERO PT PERUSAHAAN LISTRIK NEGARA DAN ENTITAS ANAKAND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Lanjutan Untuk Tahun-tahun yang Berakhir pada Tanggal 31 Desember 2016 dan 2015 Dalam jutaan Rupiah, kecuali dinyatakan lain NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Continued For the Years Ended December 31, 2016 and 2015 In millions of Rupiah, unless otherwise stated 131 a. Pajak Kini

a. Current Tax

Rekonsiliasi antara laba rugi sebelum pajak menurut laporan laba rugi dan penghasilan komprehensif lain konsolidasian dan laba kena pajak rugi fiskal Perusahaan adalah sebagai berikut: A reconciliation between income loss before tax per consolidated statements of profit or loss and other comprehensive income and taxable income fiscal losses of the Company is as follows: 2016 2015 Rp Rp Laba Rugi sebelum pajak Income loss before tax per menurut laporan laba rugi consolidated statements of profit or loss komprehensif konsolidasian 15.976.481 15.913.435 and other comprehensive income Rugi laba sebelum Loss income before tax pajak entitas anak 9.698.078 5.276.282 attributable to subsidiaries Laba sebelum pajak - Perusahaan 6.278.403 21.189.717 Income before tax - the Company Perbedaan temporer: Temporary differences: Sewa pembiayaan 1.875.414 13.587.788 Lease expenses Penyambungan pelanggan 331.315 341.981 Customer connection fees Penyusutan aset tetap 50.666.325 9.160.736 Depreciation Imbalan kerja 1.337.285 2.177.263 Employee benefits Perbedaan temporer dikarenakan Temporary difference from revisi surat DJP 969.193 -- DJP revised letter Amortisasi biaya emisi obligasi -- 9.692 Amortization of bonds issuance cost Biaya pendapatan yang tidak dapat Nondeductible expenses diperhitungkan menurut fiskal: nontaxable income: Penyisihan piutang ragu-ragu dan Allowance for doubtful accounts and penurunan nilai persediaan 210.544 264.197 decline in value of inventories Kesejahteraan karyawan 809.141 988.223 Employee welfare Penyusutan rumah dinas 5.267 5.267 Depreciation of guest house Penghasilan bunga telah Interest income dikenakan pajak final 307.309 379.408 subjected to final tax Beban lain tidak dapat dikurangkan 2.883.839 4.285.656 Other nondeductible expenses Laba kena pajak Perusahaan The Companys taxable income tahun berjalan 40.686.691 9.069.794 for the year Laba rugi fiskal tahun : Fiscal gain losses year : 2015 -- -- 2015 2014 -- 5.799.917 2014 2013 -- 18.459.547 2013 Akumulasi rugi Accumulated fiscal fiskal - Perusahaan 40.686.691 21.729.424 losses - the Company Pajak penghasilan kini dihitung berdasarkan taksiran penghasilan kena pajak. Nilai tersebut mungkin disesuaikan pada saat Surat Pemberitahuan Tahunan Pajak disampaikan ke Kantor Pelayanan Pajak. Current income tax computations are based on estimated taxable income. The amount may be adjusted when the Annual Tax Returns are filed with the Tax Office. Rugi fiskal dapat dikompensasikan dengan laba fiskal pada masa lima tahun mendatang sejak kerugian fiskal terjadi. Manajemen memperkirakan bahwa akumulasi kerugian fiskal dapat dikompensasikan dengan laba fiskal di masa mendatang. Sehingga per 31 Desember 2016, Perusahaan dan entitas anak mengakui aset pajak tangguhan dari akumulasi rugi fiskal sebesar Rp16.027.248. The fiscal loss can be compensated against the taxable income for a period of five years subsequent to the year the fiscal loss was incurred. Management believes that it is probable future taxable profits will be available to be utilized accumulated fiscal losses. Therefore as of December 31, 2016, the Company and its subsidiaries’ recognized deferred tax assets from accumulated fiscal losses amounted to Rp16,027,248.