Risiko harga Price risk

PT KRAKATAU STEEL PERSERO Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN INTERIM Pada Tanggal 31 Maret 2014 dan 31 Desember 2013 Disajikan dalam ribuan Dolar AS dan dalam jutaan Rupiah, Kecuali Dinyatakan Lain PT KRAKATAU STEEL PERSERO Tbk AND SUBSIDIARIES NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS As of March 31, 2014 and December 31, 2013 Expressed in thousands of US Dollar and in million Rupiah, Unless Otherwise Stated 152

33. KEBIJAKAN DAN TUJUAN MANAJEMEN RISIKO KEUANGAN lanjutan

33. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES continued

2013 Total liabilitas jangka pendek 1,082,181 Total current liabilities Total liabilitas jangka panjang 269,599 Total non-current liabilities Total liabilitas 1,351,780 Total liabilities Total ekuitas 979,257 Total equity Rasio utang terhadap ekuitas 138 Debt-to-equity ratio 34. KOMITMEN DAN PERJANJIAN SIGNIFIKAN 34. SIGNIFICANT AGREEMENTS AND COMMITMENTS Pada tanggal-tanggal 31 Maret 2014 dan 31 Desember 2013, Kelompok Usaha memiliki komitmen dan perjanjian penting sebagai berikut: As of March 31, 2014 and December 31, 2013, the Group has the following significant agreements and commitments: KOMITMEN SIGNIFIKAN SIGNIFICANT COMMITMENTS a. Fasilitas Letter of Credit LC yang telah dibuka dan belum digunakan: a. Opened but not yet used Letters of Credit LC facilities: 31032014 31122013 Perusahaan The Company PT Bank Mandiri Persero Tbk PT Bank Mandiri Persero Tbk US 160.577 125.681 US EUR - 1.330.133 EUR Rupiah - - Rupiah JPY - - JPY GBP - - GBP SG - - SG PT Bank DBS Indonesia - US 100.000 - DBS - US PT Bank Negara Indonesia Persero Tbk PT Bank Negara Indonesia Persero Tbk US 67.443 27.910 US EUR - 4.389.980 EUR Rupiah - - Rupiah PT Bank Danamon Indonesia Tbk PT Bank Danamon Indonesia Tbk US 30.000 - US Rupiah - - Rupiah Lembaga Pembiayaan Ekspor Indonesia - US 78.228 - Exim Bank LPEI - US PT Bank Permata Tbk PT Bank Permata Tbk US 15.000 - US EUR - - EUR Deutsche Bank AG Deutsche Bank AG US - - US EUR - - EUR PT Bank CIMB Niaga Tbk PT Bank CIMB Niaga Tbk US 91.864 58.135 US Rupiah - - Rupiah The Hongkong and Shanghai Banking The Hongk ong and Shanghai Bank ing Corporation Ltd - US - - Corporation Ltd - US Standard Chartered Bank - US 29.423 - Standard Chartered Bank - US Bank of Tokyo Mitsubishi 40.000 - Bank of Tok yo Mitsubishi - US BRI 45.625 11.302 BRI - US PT KRAKATAU STEEL PERSERO Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN INTERIM Pada Tanggal 31 Maret 2014 dan 31 Desember 2013 Disajikan dalam ribuan Dolar AS dan dalam jutaan Rupiah, Kecuali Dinyatakan Lain PT KRAKATAU STEEL PERSERO Tbk AND SUBSIDIARIES NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS As of March 31, 2014 and December 31, 2013 Expressed in thousands of US Dollar and in million Rupiah, Unless Otherwise Stated 153

34. KOMITMEN DAN PERJANJIAN SIGNIFIKAN lanjutan

34. SIGNIFICANT AGREEMENTS AND COMMITMENTS continued

KOMITMEN SIGNIFIKAN lanjutan SIGNIFICANT COMMITMENTS continued Perusahaan The Company b. Pada tanggal 25 Oktober 2013, Perusahaan dan Indonesia Eximbank menandatangani Perjanjian Kredit Modal Kerja Fasilitas Trade Finance dengan jumlah maksimum fasilitas adalah sebesar USD 75,000 yang terdiri dari Fasilitas Pembukaan Letter of Credit LC danatau Surat Kredit Berdokumen Dalam Negeri SKBDN sebesar USD 25,000 dan Fasilitas Pembiayaan Letter of Kredit LC danatau Pembiayaan Surat Kredit Berdokumen Dalam Negeri SKBDN, Pengambilalihan Tagihan Ekspor atau Tagihan Dalam Rangka Ekspor Negosiasi Wesel Ekspor, dan Kredit Modal Kerja Ekspor KMKE sebesar USD 50,000. Fasilitas Kredit Modal Kerja Ekspor USD, Pembiayaan LC dan atau SKBDN USD, dan Pengambilalihan Tagihan Ekspor atau Tagihan Dalam Rangka Ekspor dikenakan bunga sebesar LIBOR 3 bulan + 4,5 p.a, Perusahaan juga diminta untuk memelihara rasio lancar minimal 1 kali, rasio utang terhadap ekuitas kurang dari 2,5 kali. b. On October 25,2013 the company and Indonesia Eximbank signed a Working Capital Loan Agreement Trade Financing Facility with a maximum amount of US 75,000 which consists of Opening LC and or SKBDN with a maximum amount of US25,000 and LC and or SKBDN Financing, Trasferring Export Financing or Financing related to Export Activitiy, and Working Capital Export Loan with a maximum amount of US 50,000. Working Capital Export Loan, LC and or SKBDN Financing,, and Trasferring Export Financing or Financing related to Export Activitiy bears annual interest at LIBOR 3 months + 4,5 p.a. The Company is also required to maintain current ratio at a minimum of 1 time, debt to equity ratio of less than 2,5 time. c. Berdasarkan perjanjian pinjaman tanggal 27 April 2012 dan amandemen perjanjian tanggal 26 Juli 2012, Perusahaan memperoleh fasilitas kredit investasi dari KfW, Bank of Austria dan HSBC “Pemberi Pinjaman” dengan jumlah maksimum sebesar EUR49.479.000 porsi pinjaman KfW, Bank of Austria dan HSBC masing-masing sebesar EUR16.493.000. Pinjaman ini digunakan untuk membiayai proyek revitalisasi Slab Steel Plant “SSP” dan dilunasi dalam 15 kali angsuran setengah tahunan yang sama dimulai bulan Juni 2013. Sebesar 20 dari total pinjaman terhutang dikenakan bunga sebesar tingkat bunga variabel OeKB ditambah marjin 0,5 per tahun, sedangkan 80 sisa pinjaman terhutang dikenakan bunga sebesar tingkat bunga tetap OeKB ditambah marjin 0,5 per tahun, yang akan dibayarkan secara tiga bulanan. c. Based on the loan agreement dated April 27, 2012 and the amendment agreement dated July 26, 2012, the Company obtained an investment credit facility from KfW, Bank of Austria and HSBC the “Lenders” with a maximum amount of EUR49,479,000 loan portion for each KfW, Bank of Austria and HSBC is EUR16,493,000. This loan is granted to finance the revitalization project of Slab Steel Plant “SSP” and is repayable in 15 equal semi-annual installments starting from June 2013. 20 of total outstanding loan will be charged with OeKB variable rate plus 0.5 margin per annum and 80 remaining outstanding loan will be charged with OeKB fixed rate plus 0.5 margin per annum, which will be paid quarterly.