Capital Stock Quality and Safety

PT WINTERMAR OFFSHORE MARINE Tbk PT WINTERMAR OFFSHORE MARINE Tbk DAN ENTITAS ANAK AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN NOTES TO CONSOLIDATED KONSOLIDASIAN FINANCIAL STATEMENTS Untuk Tahun-tahun yang Berakhir For the Years Ended pada Tanggal 31 Desember 2016 dan 2015 December 31, 2016 and 2015 Dalam US Dolar Penuh In Full US Dollar Lanjutan Continued 61 23. Beban Langsung

23. Direct Expenses

2016 2015 USD USD Beb an Kap al Milik Owned Vessel Expenses Pen y u su t an Cat at an 10 27,968,466 27,542,451 Depreciation Note 10 Beb an Aw ak Kap al 11,119,586 13,957,339 Crew Expenses Op er asio n al Kap al 5,113,538 5,213,584 Vessel Operation Pem elih ar aan 3,723,004 5,345,369 Maintenance Bah an Bakar 2,356,291 4,777,333 Fuel 50,280,885 56,836,076 Beb an Kap al Disew a Chartered Vessel Expenses Sew a Kap al 22,497,645 24,673,168 Time Charter Beb an Jasa Pelay ar an Lain Other Marine Services Expenses Bah an Bakar d an Pelu m as 1,305,693 3,621,462 Fuel and Lubricants Op er asio n al Kap al 1,440,409 1,980,884 Vessel Operation 2,746,102 5,602,346 Total 75,524,632 87,111,590 Total Tidak ada supplier yang melebihi 10 dari jumlah beban langsung masing-masing pada tahun 2016 dan 2015. There is no supplier which represents more than 10 of the direct expenses of the respective years 2016 and 2015. 24. Beban Usaha 24. Operating Expenses 2016 2015 USD USD

a. Pemasaran

543,178 845,632

a. Marketing b. Umum dan Administrasi

b. General and Administrative

Gaji 5,343,298 6,146,128 Salary Jasa Pr o f esio n al 844,045 422,269 Professional Fee Im b alan Pasca Ker ja 686,190 671,820 Employee Benefits Kep er lu an Kan t o r 569,071 721,678 Office Utilities Pen yu su t an Cat at an 10 189,866 252,518 Depreciation Note 10 Per jalan an Din as 180,019 381,756 Travelling Ad m in ist r asi 170,077 219,070 Administration Pelat ih an 120,723 140,638 Training Teleko m u n ikasi 65,845 76,938 Telecommunication Su m b an g an 17,215 14,410 Donation Dan a Pen siu n Cat at an 17 12,853 11,783 Pension Fund Note 17 8,199,202 9,059,008 Total 8,742,380 9,904,640 Total 25. Pendapatan Beban Lainnya dan 25. Other Incomes Expenses and Beban Bunga dan Keuangan Interest and Financial Charges 2016 2015 USD USD a. Pendapatan Lainnya a. Other Income Pen g h asilan Bu n g a 69,563 262,912 Interest Income Lab a Selisih Ku r s -- 31,766 Gain on Foreign Exchange Lain -lain 6,484 -- Others Total 76,047 294,678 Total penses e 10 es n e Fuel penses penses ants n i jumlah e than xpenses

a. rketing

b. trative

ry Fee its es lling on ng on on 7 e hange rs PT WINTERMAR OFFSHORE MARINE Tbk PT WINTERMAR OFFSHORE MARINE Tbk DAN ENTITAS ANAK AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN NOTES TO CONSOLIDATED KONSOLIDASIAN FINANCIAL STATEMENTS Untuk Tahun-tahun yang Berakhir For the Years Ended pada Tanggal 31 Desember 2016 dan 2015 December 31, 2016 and 2015 Dalam US Dolar Penuh In Full US Dollar Lanjutan Continued 62 b. Beban Lainnya b. Other Expenses Ker u g ian Pen u r u n an Nilai Aset d an Aset Loss on Impairment yan g Tid ak Dig u n akan Cat at an 10 d an 12 14,341,667 1,149,105 of Asset and Unused Assets Note 10 and 12 Ru g i Pelep asan Aset Tet ap Cat at an 10 1,965,773 173,331 Loss on Disposal of Fixed Assets Note 10 Ker u g ian Pen u r u n an Nilai Piu t an g 637,721 2,502,902 Loss on Impairment of Receivable Ru g i Selisih Ku r s 160,324 -- Loss on Foreign Exchange Lain -lain 317,151 165,449 Others Total 17,422,636 3,990,787 Total c. Beban Bunga dan Keuangan c. Interest Expense and Financial Charges Biaya Bu n g a 7,662,815 8,750,652 Interest Expense Am o r t isasi Beb an Per o leh an Pin jam an 271,178 499,805 Amortization of Cost to Obtain Loan Biaya Keu an g an 259,695 151,552 Financial Charges Total 8,193,688 9,402,009 Total 26. Laba Rugi per Saham 26. Earnings Loss per Share Perhitungan laba rugi per saham dasar pada tanggal 31 Desember 2016 dan 2015 adalah sebagai berikut: A computation of basic earnings loss per share as of December 31, 2016 and 2015 are as follows: 2016 2015 USD USD Ru g i yan g Diat r ib u sikan kep ad a Loss Attributable to Equity Holder Pem ilik En t it as In d u k 16,035,670 5,692,348 of the Parent Entity Rat a-r at a Ter t im b an g Ju m lah Sah am Biasa yan g Ber ed ar 4,038,011,640 4,035,822,920 Weighted Average Number of Outstanding Common Share Laba Rugi Per Saham Dasar - Dalam USD Penuh 0.00397 0.00141 Basic Earnings Loss per Share - Full USD Laba Rugi Per Saham Dasar - Dalam Sen USD 0.397 0.141 Basic Earnings Loss per Share - in Cent USD Ru g i yan g Dig u n akan seb ag ai Pem b ilan g Loss Used as the Numerator in Calculating Per h it u n g an Lab a Ru g i Per Sah am Dasar d an Per Sah am Dilu sian 16,035,670 5,692,348 Basic Earning Per Share and Diluted Loss Earning per Share Rat a-r at a t er t im b an g Ef ek Dilu si - MESOP -- 2,278,472 Weighted Average Dilution Effect - MESOP Weighted Average Outstanding Common Share Rat a-r at a t er t im b an g Ju m lah Sah am set elah Ef ek Dilu sian 4,038,011,640 4,038,101,392 after Dilution Effects Laba Rugi Per Saham Dilusian - Dalam USD Penuh 0.00397 0.00141 Diluted Earnings Loss per Share - in Full USD Laba Rugi Per Saham Dilusian - Dalam Sen USD 0.397 0.141 Diluted Earnings Loss per Share - in Cent USD Dalam perhitungan rugi per saham dilusian, rata-rata tertimbang jumlah saham disesuaikan dengan memperhitungkan dampak dari opsi saham. In the calculation of diluted loss per share, the outstanding weighted average number of share is adjusted by calculating the effects of stock option. 27. Aset dan Liabilitas Keuangan 27. Financial Assets and Liabilities Dalam Mata Uang Asing in Foreign Currencies IDR SGD BND Setara US Dolar Equivalent US Dollar Kas d an Set ar a Kas 15,342,044,396 140,032 20,145 1,252,716 Cash and Cash Equivalents Piu t an g Usah a 64,822,382,293 -- -- 4,824,530 Accounts Receivable 80,164,426,689 140,032 20,145 6,077,246 Ut an g Usah a 41,539,933,404 1,080,419 28,181 3,858,939 Accounts Payable Liab ilit as Keu an g an Lain n ya 546,148,788 -- -- 40,648 Other Financial Liabilities 42,086,082,192 1,080,419 28,181 3,899,587 Aset Bersih 38,078,344,498 940,386 8,037 2,177,659 Assets - Net 2016 IDR SGD BND Setara US Dolar Equivalent US Dollar Kas d an Set ar a Kas 28,972,389,096 148,863 109,325 2,282,713 Cash and Cash Equivalents Piu t an g Usah a 23,504,933,589 6,474 -- 1,708,449 Accounts Receivable 52,477,322,685 155,337 109,325 3,991,162 Ut an g Usah a 14,220,217,080 779,956 -- 1,582,146 Accounts Payable Liab ilit as Keu an g an Lain n ya 869,369,874 -- -- 63,021 Other Financial Liabilities 15,089,586,954 779,956 -- 1,645,167 Aset Bersih 37,387,735,731 624,619 109,325 2,345,995 Assets - Net 2015