Impairment Loss on Loans and Receivables

PT MITRABAHTERA SEGARA SEJATI Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN 31 DESEMBER 2015 DAN 2014 SERTA UNTUK TAHUN-TAHUN YANG BERAKHIR PADA TANGGAL TERSEBUT Lanjutan PT MITRABAHTERA SEGARA SEJATI Tbk AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS DECEMBER 31, 2015 AND 2014 AND FOR THE YEARS THEN ENDED Continued - 37 -

6. PIUTANG USAHA

6. TRADE ACCOUNTS RECEIVABLE

31122015 31122014 USD USD a Berdasarkan pelanggan a By debtor Pihak berelasi: Related parties: PT Kideco Jaya Agung 5.802.615 2.443.242 PT Kideco Jaya Agung PT Cotrans Asia 1.121.664 775.321 PT Cotrans Asia PT Multi Tambangjaya Utama - 523.683 PT Multi Tambangjaya Utama Jumlah 6.924.279 3.742.246 Total Pihak ketiga: Third parties: PT Berau Coal 5.832.450 5.874.428 PT Berau Coal PT Kaltim Prima Coal 3.689.936 5.066.086 PT Kaltim Prima Coal PT Adaro Indonesia 3.225.616 4.486.261 PT Adaro Indonesia Sebuku Group 2.403.639 1.779.213 Sebuku Group PT Indoasia Cemerlang 1.776.693 113.851 PT Indoasia Cemerlang PT Arutmin Indonesia 740.013 - PT Arutmin Indonesia PT Pelayaran Citramaritimindo Pratama 608.180 784.000 PT Pelayaran Citramaritimindo Pratama PT Baramulti Sugih Sentosa 585.042 271.616 PT Baramulti Sugih Sentosa PT Sriw ijaya Bara Logistic 557.812 - PT Sriw ijaya Bara Logistic PT Pelayaran Sanditia Perkasa Maritim 554.400 - PT Pelayaran Sanditia Perkasa Maritim PT Trinisyah Ersa Pratama 451.861 1.040.189 PT Trinisyah Ersa Pratama PT Holcim Indonesia Tbk 431.996 1.642.545 PT Holcim Indonesia Tbk PT Mitrabara Adiperdana Tbk 302.164 - PT Mitrabara Adiperdana Tbk PT Maritim Barito Perkasa 276.364 293.828 PT Maritim Barito Perkasa PT Amas Internasional Lines 263.804 - PT Amas Internasional Lines Jhonlin Group 253.572 2.482.699 Jhonlin Group PT Maritel Bahtera Abadi 251.584 92.306 PT Maritel Bahtera Abadi PT Tenaga Baru Nuansa Persada 220.000 - PT Tenaga Baru Nuansa Persada PT Alfa Trans Raya 189.031 189.031 PT Alfa Trans Raya Trubaindo Group 174.240 175.330 Trubaindo Group PT Singlurus Pratama 160.700 160.700 PT Singlurus Pratama PT Antrang Gunung Meratus 149.901 - PT Antrang Gunung Meratus PT Semen Bosow a Maros 143.054 - PT Semen Bosow a Maros PT Milta Lintas Samudera 119.940 - PT Milta Lintas Samudera PT Prima Multi Artha 110.097 - PT Prima Multi Artha PT Borneo Indobara - 5.999.671 PT Borneo Indobara PT Mitra Maju Sukses - 393.385 PT Mitra Maju Sukses Brooklyn Enterprise Pte Ltd - 153.724 Brooklyn Enterprise Pte Ltd Lain-lain masing-masing Others below USD 100 dibaw ah USD 100 ribu 1.398.923 2.251.083 thousand each Jumlah 24.871.012 33.249.946 Total Cadangan kerugian penurunan nilai 1.675.569 1.271.581 Allow ance for impairment losses Jumlah 23.195.443 31.978.365 Total Jumlah Piutang Usaha - Bersih 30.119.722 35.720.611 Trade Account Receivable - Net PT MITRABAHTERA SEGARA SEJATI Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN 31 DESEMBER 2015 DAN 2014 SERTA UNTUK TAHUN-TAHUN YANG BERAKHIR PADA TANGGAL TERSEBUT Lanjutan PT MITRABAHTERA SEGARA SEJATI Tbk AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS DECEMBER 31, 2015 AND 2014 AND FOR THE YEARS THEN ENDED Continued - 38 - 31122015 31122014 USD USD b Umur piutang usaha yang belum b Aging of trade receivable diturunkan nilainya not impaired Belum jatuh tempo 13.616.151 20.536.667 Not yet due Sudah jatuh tempo Past due 1 - 30 hari 3.620.894 5.899.744 1 - 30 days 31 - 60 hari 3.149.638 1.435.804 31 - 60 days 61 - 90 hari 998.489 1.878.298 61 - 90 days Lebih dari 90 hari 8.734.550 5.970.098 More than 90 days Jumlah Piutang Usaha - Bersih 30.119.722 35.720.611 Trade Accounts Receivable - Net c Berdasarkan mata uang c By currency Dollar Amerika Serikat 23.367.989 29.870.480 U.S. Dollar Rupiah 8.415.315 7.108.868 Rupiah Dollar Singapura 11.987 12.844 Singapore Dollar Jumlah 31.795.291 36.992.192 Total Cadangan kerugian penurunan nilai 1.675.569 1.271.581 Allow ance for impairment losses Jumlah Piutang Usaha - Bersih 30.119.722 35.720.611 Trade Accounts Receivable - Net Jangka waktu rata-rata kredit adalah 60 hari. Tidak ada bunga yang dibebankan pada piutang usaha. Grup mengakui cadangan kerugian penurunan nilai piutang berdasarkan analisa kemampuan pelunasan masing- masing pelanggan. The average credit period is 60 days. No interest is charged on trade receivables. The Group has recognized an allowance for impairment losses based on payment capability analysis of each customer. Mutasi cadangan kerugian penurunan nilai: Movement in the allowance for impairment losses: 31122015 31122014 USD USD Saldo awal 1.271.581 1.038.775 Beginning balance Impairment losses recognized Kerugian penurunan nilai piutang 426.514 232.806 on receivables Pemulihan kerugian penurunan nilai 22.526 - Impairment losses reversed Saldo akhir 1.675.569 1.271.581 Ending balance Termasuk dalam cadangan kerugian penurunan nilai adalah piutang usaha yang diturunkan nilainya secara individual masing-masing sebesar USD 1.675.569 dan USD 1.271.581 pada tanggal 31 Desember 2015 dan 2014. Semua piutang usaha yang diturunkan nilainya secara individu mempunyai umur piutang lebih dari 90 hari, dan manajemen menilai bahwa rendah kemungkinan tertagihnya atas piutang tersebut. Grup tidak memiliki jaminan atau pendukung kredit lainnya untuk menutupi risiko kredit atas piutang. Included in the allowance for impairment losses are individually impaired trade receivables amounting to USD 1,675,569 and USD 1,271,581 at December 31, 2015 and 2014, respectively. All of individually impaired trade receivables balances had outstanding days of more than 90 days, and management considered that the chance of recovery of these amounts is low. The Group does not hold any collateral or other credit enhancements to cover its credit risks over these balances. Manajemen berpendapat bahwa cadangan kerugian penurunan nilai atas piutang kepada pihak ketiga adalah cukup. Tidak diadakan cadangan kerugian penurunan nilai atas pihak berelasi karena manajemen berpendapat seluruh piutang tersebut dapat ditagih. Management believes that the allowance for impairment losses on trade accounts receivable from third parties is adequate. No allowance for impairment loss was provided on receivables from related parties as management believes that all such receivables are collectible.