Source of Estimation Uncertainty and Critical Accounting Judgment

PT BINTRACO DHARMA TBK PT BINTRACO DHARMA TBK DAN ENTITAS ANAK AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN NOTES TO CONSOLIDATED FINANCIAL KONSOLIDASIAN Lanjutan STATEMENTS Continued Untuk Tahun-tahun yang Berakhir pada Tanggal 31 Desember 2016 dan 2015 Dalam Rupiah Penuh For the Years Ended December 31, 2016 and 2015 In Full Rupiah d2April 27, 2017 47 paraf: 2016 2015 Rp Rp PT Bayauc Nasmoco Investindo PT Bayauc Nasmoco Investindo Harga Perolehan 1,200,000,000 1,200,000,000 Cost of Investment Penambahan 2,160,000,000 -- Additions Akumulasi Laba Rugi Bersih Equity in Net Income Loss of Entitas Asosiasi -- -- Associated Company Bagian Rugi Bersih Tahun Current Net Loss Portion of Berjalan Entitas Asosiasi 1,073,941,778 -- an Associated Company Saldo Akhir 2,286,058,222 1,200,000,000 Ending Balance PT Jayatama Eka Persada PT Jayatama Eka Persada Harga Perolehan 1,550,000,000 1,550,000,000 Cost of Investment Pelepasan Investasi pada Disposal on Investments in Entitas Asosiasi 669,455,678 -- Associated Entities Akumulasi Rugi Bersih Equity in Net Loss of Entitas Asosiasi 880,544,322 880,326,324 Associated Company Bagian Rugi Bersih Tahun Current Net Loss Portion of Berjalan Entitas Asosiasi -- 217,998 an Associated Company Saldo Akhir -- 669,455,678 Ending Balance PT Profesindo Otto Servis PT Profesindo Otto Servis Manajemen Manajemen Harga Perolehan 750,000,000 750,000,000 Cost of Investment Pelepasan Investasi pada Disposal on Investments in Entitas Asosiasi 87,148,152 -- Associated Entities Akumulasi Rugi Bersih Equity in Net Loss of Entitas Asosiasi 662,851,848 169,331,648 Associated Company Bagian Rugi Bersih Tahun Current Net Loss Portion of Berjalan Entitas Asosiasi -- 493,520,200 an Associated Company Saldo Akhir -- 87,148,152 Ending Balance PT Selaras Nusa AbadiSNA PT Selaras Nusa Abadi SNA SNA berdiri dalam sebuah kerangka kerja Undang- undang Penanaman Modal Dalam Negeri No. 6 tahun 1968 yang diperbaharui dengan Undang- undang No.12 tahun 1970 berdasarkan atas akta notaris No. 12 tanggal 2 Mei 2001 dari Aulia Taufani, SH, notaris pengganti dari Sutjipto, SH, notaries di Jakarta. Akta pendirian ini disahkan oleh Menteri Kehakiman dan Hak Asasi Manusia Republik Indonesia, dengan Surat Keputusan No.C-01792 HT.01.01.TH.2001 tanggal 8 Juni 2001, diumumkan dalam Berita Negara Republik Indonesia No. 81 tanggal 9 Oktober 2001, tambahan No. 63682001. SNA was established within the framework of the Domestic Capital Investment Law No. 6 year 1968 as amended by Law No. 12 year 1970 based on notarial deed No. 12 dated May 2, 2001 of Aulia Taufani, SH, substitute of Sutjipto, SH, notary in Jakarta. The Companys deed of establishment was approved by the Minister of Justice and Human Rights of the Republic of Indonesia in his decision letter No. C-01792 HT.01.01.TH.2001 dated June 8, 2001 and was published in State Gazette of the Republic of Indonesia No. 81 dated October 9, 2001, Supplement No. 63682001. SNA berdomisili di Jakarta dan beralamat di Jl. TB Simatupang No. 14, Jakarta Selatan. Perusahaan saat ini mempunyai 2 dua cabang masing-masing berlokasi di Bumi Serpong Damai dan Bogor. Pada akhir tahun 2014, cabang perusahaan di Bumi Serpong Damai dan Bogor telah ditutup. SNA is domiciled in Jakarta, and its address is located at Jl. TB Simatupang No. 14, South Jakarta. The Company had 2 two branch offices at Bumi Serpong Damai and Bogor. At the end of 2014, the branches of Bumi Serpong Damai and Bogor were closed. PT BINTRACO DHARMA TBK PT BINTRACO DHARMA TBK DAN ENTITAS ANAK AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN NOTES TO CONSOLIDATED FINANCIAL KONSOLIDASIAN Lanjutan STATEMENTS Continued Untuk Tahun-tahun yang Berakhir pada Tanggal 31 Desember 2016 dan 2015 Dalam Rupiah Penuh For the Years Ended December 31, 2016 and 2015 In Full Rupiah d2April 27, 2017 48 paraf: PT Marks Nasmoco Investindo MNI PT Marks Nasmoco Investindo MNI Berdasarkan Akta Notaris Subiyanto Putro, SH, M.Kn No. 5 tertanggal 1 Desember 2015, NRM,entitas anak melakukan investasi pada PT Marks Nasmoco Investindo, entitas asosiasi, sebesar Rp 31.250.000.000 atau setara dengan persentase kepemilikan sebesar 25. NRM telah menyetorkan dana investasinya pada 8 Oktober 2015 dan 26 Januari 2016. Based on the Deed from Subiyanto Putro, SH, M.Kn No. 5 dated December 1, 2015, the Company made investment in PT Marks Nasmoco Investindo, an associate entity, amounting to Rp 31,250,000,000 or equivalent to 25 of ownership. The Company has deposited its investment funds on October 8, 2015 and January 26, 2016. PT Laras Exata Ustanta LEU PT Laras Exata Ustanta LEU LEU berkedudukan di Jakarta didirikan sesuai dengan Akta Notaris No. 33 tertanggal 22 Mei 2014 oleh Meissie Pholuan, SH, notaris di Jakarta. LEU is located in Jakarta, established in accordance with Notarial Deed No. 33 dated May 22, 2014 by Meissie Pholuan, SH, a notary in Jakarta. PT Toyota Tsusho Logistic Center Nasmoco Transport TTLC PT Toyota Tsusho Logistic Center Nasmoco Transport TTLC TTLC berkedudukan di Jakarta didirikan sesuai dengan Akta Notaris No. 78 tertanggal 16 Mei 2012 oleh Sugito Tedjamulia, SH, notaris di Jakarta. TTLC is located in Jakarta, established in accordance with Notarial Deed No. 78 dated May 16, 2012 by Sugito Tedjamulia, SH, a notary in Jakarta. PT Bayauc Nasmoco Investindo BNI PT Bayauc Nasmoco Investindo BNI BNI berkedudukan di Jakarta didirikan sesuai dengan Akta Notaris No. 587 tertanggal 22 September 2015 oleh Dian Fitriana, SH, Sp.N., notaris di Jakarta yang telah disahkan oleh Menteri Kehakiman Republik Indonesia melalui surat keputusan No. AHU- 2457982.AH.01.01.TAHUN 2015 tertanggal 25 September 2015. BNI is located in Jakarta, established in accordance with Notarial Deed No. 587 dated September 22, 2015 by Dian Fitriana, SH, Sp.N, a notary in Jakarta, which has been approved by the Minister of Justice of the Republic of Indonesia through decision letter No. AHU-2457982.AH.01.01.TAHUN 2015 dated September 25, 2015. PT Jayatama Eka Persada JEP PT Jayatama Eka Persada JEP JEP berkedudukan di Jakarta didirikan sesuai dengan Akta Notaris No. 5 tertanggal 25 November 1999 oleh Sri Bandiningsih, SH, notaris di Jakarta yang telah disahkan oleh Menteri Kehakiman Republik Indonesia melalui surat keputusan No. C- 5580HT.01.01.TH.2000 tertanggal 8 Maret 2000. JEP is located in Jakarta, established in accordance with Notarial Deed No. 5 dated November 25, 1999 by Sri Bandiningsih, SH, a notary in Jakarta, which has been approved by the Minister of Justice of the Republic of Indonesia through decision letter No. C-5580HT.01.01.TH.2000 dated March 8, 2000. Berdasarkan pengikatan jual beli saham tanggal 7 Januari 2016, Perusahaan melepas kepemilikan di JEP sebesar 50 kepada PT Tiara Kusuma Sakti pihak berelasi. Nilai tercatat penyertaan pada saat penjualan sebesar Rp 669.464.678, harga penjualan sebesar Rp 193.151.099 dan pengakuan rugi dicatat dalam akun beban lain-lain dalam laporan laba rugi dan penghasilan komprehensif lain konsolidasian sebesar Rp 476.313.579. Based on sales and purchase shares agreement dated January 7, 2016, the Company sold all investment in shares amounting to 50 in JEP to PT Tiara Kusuma Sakti related party. Carrying amount at the sales amounted to Rp 669,464,678, sales price amounted to Rp 193,151,099 and recognized loss in other expense account under consolidated statements of profit or loss and other comprehensive income amounting to Rp 476,313,579. Total aset, liabilitas dan kas dan bank, JEP pada saat pelepasan masing-masing sebesar Rp 1,338,911,357, nihil dan Rp 386.302.198. Total assets, liabilities and cash and bank of JEP on the date of disposal amounted to Rp 1,338,911,357, nil and Rp 386,302,198, respectively. PT BINTRACO DHARMA TBK PT BINTRACO DHARMA TBK DAN ENTITAS ANAK AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN NOTES TO CONSOLIDATED FINANCIAL KONSOLIDASIAN Lanjutan STATEMENTS Continued Untuk Tahun-tahun yang Berakhir pada Tanggal 31 Desember 2016 dan 2015 Dalam Rupiah Penuh For the Years Ended December 31, 2016 and 2015 In Full Rupiah d2April 27, 2017 49 paraf: PT Profesindo Otto Servis Manajemen POSM PT Profesindo Otto Servis Manajemen POSM POSM berkedudukan di Jakarta didirikan sesuai dengan Akta Notaris No. 2 tertanggal 4 Februari 1998 oleh Mirah Dewi Ruslim Sukmadjaya, SH, notaris di Jakarta yang telah disahkan oleh Menteri Kehakiman Republik Indonesia melalui surat keputusan No. C2-12500HT.01.01.TH.98 tertanggal 1 September 1998. POSM is located in Jakarta, established in accordance with Notarial Deed No. 2 dated February 2, 1998 by Mirah Dewi Ruslim Sukmadjaya, SH, a notary in Jakarta, which has been approved by the Minister of Justice of the Republic of Indonesia through decision letter No. C2-12500HT.01.01.TH.98 dated September 1, 1998. Berdasarkan pengikatan jual beli saham tanggal 7 Januari 2016, Perusahaan melepas kepemilikan di POSM sebesar 50 kepada PT Superior Coach pihak berelasi dan sebesar 1 kepada PT Selaras Nusa Abadi pihak berelasi dengan harga penjualan masing-masing sebesar Rp 153.189.752 dan Rp 3.126.321. Nilai tercatat penyertaan pada saat penjualan sebesar Rp 48.590.053, dan pengakuan laba dicatat dalam akun pendapatan lain-lain dalam laporan laba rugi komprehensif konsolidasian sebesar Rp 107.726.020. Based on sales and purchase shares agreement dated January 7, 2016. The Company sold all investment in shares amounting to 50 in POSM to PT Superior Coach related party and amounting to 1 to PT Selaras Nusa Abadi related party, amounted to Rp 153,189,752 and Rp 3,126,321, respectively. Carrying amount at the time of sale amounted to Rp 48,590,053, and the recognized gain recorded in other income account of the consolidated statements of profit or loss and other comprehensive income amounted to Rp 107,726,020. Total aset, liabilitas dan kas dan bank, POSM pada saat pelepasan masing-masing sebesar Rp 333.602.912, Rp 236.422.806 dan Rp 312.632.147. Total assets, liabilities and cash and bank of POSM on the disposal date amounted to Rp 333,602,912, Rp 236,422,806 and Rp 312,632,147, respectively. Total aset, liabilitas, pendapatan dan labarugi entitas asosiasi adalah sebagai berikut: Total assets, liabilities, revenues and net income of associates are as follows: Aset Liabilitas Pendapatan Laba Rugi Assets Liabilities Revenues Income Loss Rp Rp Rp Rp PT Selaras Nusa Abadi 59,360,056,011 819,008,359 -- 1,865,976,425 PT Toyota Tsusho Logistic Center Nasmoco Transport 64,745,576,426 40,646,044,425 110,004,524,617 5,841,917,771 PT Marks Nasmoco Investindo 125,532,251,195 19,862,665 -- 293,707,229 PT Laras Exata Ustanta 106,388,076,771 56,830,730,775 26,849,258 442,654,004 PT Bayauc Nasmoco Investindo 10,370,763,964 845,521,372 785,290,909 136,969,311 2016 Aset Liabilitas Pendapatan Laba Rugi Assets Liabilities Revenues Income Loss Rp Rp Rp Rp PT Selaras Nusa Abadi 61,210,231,666 970,089,419 702,026,925 1,730,557,832 PT Toyota Tsusho Logistic Center Nasmoco Transport 59,409,321,495 32,418,879,925 100,489,237,679 1,590,600,197 PT Marks Nasmoco Investindo 125,000,000,000 -- -- 606,415,116 PT Laras Exata Ustanta 49,709,072,485 -- -- -- PT Bayauc Nasmoco Investindo 5,000,000,000 -- -- -- PT Jayatama Eka Persada 1,338,911,357 -- -- 435,995 PT Profesindo Otto Servis Manajemen 333,602,912 236,422,806 420,000,000 987,040,400 2015