Short-Term Bank Loans Financial Statements JRAP FS March 2017

PT J RESOURCES ASIA PASIFIK Tbk DAN ENTITAS ANAK Catatan atas Laporan Keuangan Konsolidasian Pada tanggal 31 Maret 2017 Tidak diaudit dan 31 Desember 2016 Diaudit serta untuk Periode- periode yang Berakhir 31 Maret 2017 dan 2016 Tidak diaudit Angka-angka Disajikan dalam Dolar Amerika Serikat, kecuali Dinyatakan Lain PT J RESOURCES ASIA PASIFIK Tbk AND ITS SUBSIDIARIES Notes to Consolidated Financial Statements As of March 31, 2017 Unaudited and December 31, 2016 Audited and For the Periods Ended March 31, 2017 and 2016 Unaudited Figures are Presented in United States Dollar, unless Otherwise Stated - 57 - Citibank N.A., Indonesia Citibank Citibank N.A., Indonesia Citibank Pada tanggal 11 Februari 2016 dan perubahan perjanjian terakhir tanggal 9 Februari 2017 , JRN dan SPP memperoleh fasilitas pinjaman Export Credit Financing, Trust Receipt and Short term loan dari Citibank, dengan jumlah fasilitas pinjaman secara gabungan maksimal sebesar US 15.000.000 dengan jangka waktu satu 1 tahun. Dan secara otomatis diperpanjang selama 1 tahun berikutnya, kecuali Citibank memberikan pemberitahuan pengakhiran fasilitas. On February 11, 2016 and based on amendment agreement dated on February 9 , 2017, JRN and SPP obtained Export Credit Financing, Trust Receipt and Short term loan facility from Citibank, with total maximum amount of credit facilities of US 15,000,000 and with term of one 1 year. And automatically extended for the next one 1 year, except Citibank give announcement on termination facility. PT Bank OCBC NISP Tbk PT Bank OCBC NISP Tbk Pada tanggal 25 Januari 2017, JRN memperoleh fasilitas pinjaman Demand Loan dari PT Bank OCBC NISP Tbk dengan jumlah fasilitas pinjaman maksimum sebesar US 5.000.000 dengan jangka waktu satu 1 tahun. Pinjaman ini dijamin dengan deposito berjangka atas nama Johan Lensa, pihak berelasi. On January 25, 2017 JRN obtained a Demand Loan facility from PT Bank OCBC NISP Tbk with maximum credit facilities of US 5,000,000 and term of loan is one 1 year. This loan facility is secured by pledged time deposit of Johan Lensa, a related party. PT Bank ICBC Indonesia ICBC PT Bank ICBC Indonesia ICBC Pada tanggal 1 November 2013, JRN, JRBM dan SPP memperoleh fasilitas pinjaman dari ICBC berupa Uncommitted Omnibus Trade Facility dengan maksimum fasilitas sejumlah US 5.000.000. Pinjaman ini berjangka waktu dua belas 12 bulan. Berdasarkan perubahan perjanjian pinjaman tanggal 1 Desember 2014, jatuh tempo pinjaman diperpanjang sampai dengan 1 November 2015. On November 1, 2013, JRN, JRBM and SPP obtained a loan facility from ICBC in the form of Uncommitted Omnibus Trade Facility with maximum facility of US 5,000,000. The term of the loan facility is twelve 12 months. Based on amendment agreement dated December 1, 2014, the loan facility has been extended until November 1, 2015. Berdasarkan perubahan perjanjian pinjaman tanggal 16 Desember 2015, jatuh tempo pinjaman diperpanjang sampai dengan 1 Februari 2016. Based on amendment agreement dated December 16, 2015, the loan facility has been extended until February 1, 2016. Pada tanggal 17 Februari 2016 JRN, JRBM, ASA, GSM dan SPP memperoleh fasilitas pinjaman dari ICBC berupa Uncommitted Omnibus Trade Facility Tranche D, dengan maksimum fasilitas sejumlah US 5.000.000. Pinjaman ini berjangka waktu dua belas 12 bulan. On February 17, 2016, JRN, JRBM, ASA, GSM and SPP obtained a loan facility from ICBC in the form of Uncommitted Omnibus Trade Facility Tranche D with maximum facility of US 5,000,000. The term of the loan facility is twelve 12 months. Beban bunga atas seluruh pinjaman bank jangka pendek yang dibebankan pada laba rugi tahun 2017 dan 2016 masing-masing sebesar US 716.229 dan US 514.763 Catatan 31. Interest expense on all short-term bank loans charged to profit or loss in 2017 and 2016 amounted to US 716,229 and US 514,763, respectively Note 31. PT J RESOURCES ASIA PASIFIK Tbk DAN ENTITAS ANAK Catatan atas Laporan Keuangan Konsolidasian Pada tanggal 31 Maret 2017 Tidak diaudit dan 31 Desember 2016 Diaudit serta untuk Periode- periode yang Berakhir 31 Maret 2017 dan 2016 Tidak diaudit Angka-angka Disajikan dalam Dolar Amerika Serikat, kecuali Dinyatakan Lain PT J RESOURCES ASIA PASIFIK Tbk AND ITS SUBSIDIARIES Notes to Consolidated Financial Statements As of March 31, 2017 Unaudited and December 31, 2016 Audited and For the Periods Ended March 31, 2017 and 2016 Unaudited Figures are Presented in United States Dollar, unless Otherwise Stated - 58 -

15. Utang Usaha

15. Trade Accounts Payable

2017 2016 Pihak ketiga Third parties PT Pertamina Persero 1,791,032 964,857 PT Pertamina Persero PT DNX Indonesia 1,239,375 559,581 PT DNX Indonesia PT Kemindo Cao Resources 1,231,852 1,535,598 PT Kemindo Cao Resources PT Maxidrill Indonesia 1,168,031 1,168,031 PT Maxidrill Indonesia PT Intraco Penta Prima Servis 1,151,521 1,696,504 PT Intraco Penta Prima Servis PT Prasmanindo Boga Utama 896,096 1,224,636 PT Prasmanindo Boga Utama PT Triw isna 879,481 812,442 PT Triw isna PT Intertek Utama Services 863,200 555,808 PT Intertek Utama Services ITS Testing Services Sdn, Bhd. 797,585 630,296 ITS Testing Services Sdn, Bhd. PT Linda Hanta Wijaya 661,303 515,516 PT Linda Hanta Wijaya Hebei Chengxin Co. Ltd. 580,900 - Hebei Chengxin Co. Ltd. Sime Darby Industrial Sdn. Bhd. 541,433 312,416 Sime Darby Industrial Sdn. Bhd. Indodrill Malaysia Sdn. Bhd. 533,433 466,083 Indodrill Malaysia Sdn. Bhd. Metso Australia Limited 486,845 - Metso Australia Limited PT United Tractors Tbk 477,092 366,735 PT United Tractors Tbk PT Hilcon Jaya Sakti 468,530 1,852,969 PT Hilcon Jaya Sakti PT Kokoh Semesta 453,053 502,196 PT Kokoh Semesta PT Marton Tekindo Abadi 424,277 451,402 PT Marton Tekindo Abadi PT Adimitra Prima Lestari 422,242 296,528 PT Adimitra Prima Lestari Atlas Copco Malaysia Sdn. Bhd. 385,788 345,019 Atlas Copco Malaysia Sdn. Bhd. Petronas Dagangan Berhad 356,073 212,029 Petronas Dagangan Berhad PT Kalibesar Raya Utama 344,750 22,266 PT Kalibesar Raya Utama PT Energy Logistics 323,149 443,044 PT Energy Logistics PT Sandvik Mining Construction Indonesia 316,747 505,662 PT Sandvik Mining Construction Indonesia PT Intan Angkasa Services 307,488 307,487 PT Intan Angkasa Services PT Dahana Persero 305,063 510,650 PT Dahana Persero PT SGS Indonesia 301,281 738,055 PT SGS Indonesia Dow Chemical Pacific Singapore Pte Ltd 281,853 - Dow Chemical Pacific Singapore Pte Ltd Metso Minerals Singapore, Pte Ltd 247,366 - Metso Minerals Singapore, Pte Ltd Drillcorp Malaysia Sdn. Bhd. 242,974 285,373 Drillcorp Malaysia Sdn. Bhd. Kolberg-Pioneer Inc. 237,711 271,354 Kolberg-Pioneer Inc. PT G4S Security Services 235,761 190,511 PT G4S Security Services Tenaga Kimia Sdn. Bhd. 219,682 147,836 Tenaga Kimia Sdn. Bhd. PT Trakindo Utama 214,648 166,852 PT Trakindo Utama G4S International Logistics Australia Pty LTd 213,375 97,852 G4S International Logistics Australia Pty LTd OCI Chemical Corporation 192,000 210,600 OCI Chemical Corporation PT Pertamina Lubricants 115,120 278,043 PT Pertamina Lubricants PT Sumagud Sapta Sinar 71,817 625,359 PT Sumagud Sapta Sinar PT Indodrill Indonesia - 1,105,117 PT Indodrill Indonesia PT Multi Nitrotama Kimia - 632,715 PT Multi Nitrotama Kimia Lain-lain masing-masing kurang Others dari US 200.000 12,515,704 10,258,892 less than US 200,000 each Jumlah 32,495,634 31,266,315 Total Umur utang usaha adalah sebagai berikut: The aging analysis of trade accounts payable follows: 2017 2016 Kurang dari atau sama dengan 1 bulan 20,159,618 8,442,773 Less than or equal to 1 month Lebih dari 1 bulan tapi kurang More than 1 month but less dari 3 bulan 10,644,865 13,639,999 than 3 months Lebih dari 3 bulan 1,691,151 9,183,543 More than 3 months Jumlah 32,495,634 31,266,315 Total PT J RESOURCES ASIA PASIFIK Tbk DAN ENTITAS ANAK Catatan atas Laporan Keuangan Konsolidasian Pada tanggal 31 Maret 2017 Tidak diaudit dan 31 Desember 2016 Diaudit serta untuk Periode- periode yang Berakhir 31 Maret 2017 dan 2016 Tidak diaudit Angka-angka Disajikan dalam Dolar Amerika Serikat, kecuali Dinyatakan Lain PT J RESOURCES ASIA PASIFIK Tbk AND ITS SUBSIDIARIES Notes to Consolidated Financial Statements As of March 31, 2017 Unaudited and December 31, 2016 Audited and For the Periods Ended March 31, 2017 and 2016 Unaudited Figures are Presented in United States Dollar, unless Otherwise Stated - 59 - Utang usaha berdasarkan mata uang adalah sebagai berikut: Trade accounts payable by currencies follows: 2017 2016 Dolar Amerika Serikat 11,693,878 9,496,250 U.S. Dollar Mata uang asing Catatan 38 Foreign currencies Note 38 Rupiah 17,063,671 18,487,845 Rupiah Ringgit Malaysia 3,616,238 3,069,628 Malaysian Ringgit Dolar Australia 121,847 212,592 Australian Dollar Total 32,495,634 31,266,315 Total

16. Utang Pajak

16. Taxes Payable

2017 2016 Pajak penghasilan Income taxes Pasal 4 ayat 2 1,818 6,403 Article 4 2 Pasal 15 234 206 Article 15 Pasal 21 357,241 1,301,243 Article 21 Pasal 23 1,421,854 1,423,249 Article 23 Pasal 25 2,800,000 Article 25 Pasal 26 8,378 8,271 Article 26 Pasal 29 12,943,811 19,247,967 Article 29 Pajak Pertambahan Nilai 8,890,846 6,713,044 Value Added Tax Pajak penghasilan badan entitas anak Corporate income tax of foreign di luar negeri 3,808 subsidiaries Jumlah 23,624,182 31,504,191 Total Kecuali entitas anak di luar negeri, besarnya pajak yang terutang ditetapkan berdasarkan perhitungan pajak yang dilakukan sendiri oleh wajib pajak self assessment. Berdasarkan Undang-undang No. 28 Tahun 2007 mengenai Perubahan Ketiga atas Ketentuan Umum dan Tata Cara Perpajakan, Kantor Pajak dapat melakukan pemeriksaan atas perhitungan pajak dalam jangka waktu lima 5 tahun setelah terutangnya pajak, dengan beberapa pengecualian, sebagaimana diatur dalam Undang-undang tersebut. Except for foreign subsidiaries, the tax returns filed are based on the Group’s own calculation of tax liabilities self-assessment. Based on the Law No. 28 Year 2007, regarding the Third Amendment of the General Taxation Provisions and Procedures, the time limit for the tax authorities to assess or amend taxes was reduced to five 5 years, subject to certain exceptions, in accordance with provisions of the Law.

17. Beban Akrual

17. Accrued Expenses

2017 2016 Bunga 11,799,816 16,898,842 Interests Gaji dan tunjangan karyawan 406,389 758,342 Salaries and wages Jasa profesional 133,810 148,117 Professional fees Lain-lain 1,892,182 1,582,833 Others Jumlah 14,232,197 19,388,134 Total PT J RESOURCES ASIA PASIFIK Tbk DAN ENTITAS ANAK Catatan atas Laporan Keuangan Konsolidasian Pada tanggal 31 Maret 2017 Tidak diaudit dan 31 Desember 2016 Diaudit serta untuk Periode- periode yang Berakhir 31 Maret 2017 dan 2016 Tidak diaudit Angka-angka Disajikan dalam Dolar Amerika Serikat, kecuali Dinyatakan Lain PT J RESOURCES ASIA PASIFIK Tbk AND ITS SUBSIDIARIES Notes to Consolidated Financial Statements As of March 31, 2017 Unaudited and December 31, 2016 Audited and For the Periods Ended March 31, 2017 and 2016 Unaudited Figures are Presented in United States Dollar, unless Otherwise Stated - 60 -

18. Pinjaman dari Pihak Ketiga

18. Loan from a Third Party

Pada tanggal 1 April 2013, JRN memperoleh fasilitas pinjaman dari Burklynn Trading Pte. Ltd., pihak ketiga, dengan jumlah fasilitas maksimum sebesar US 35.000.000 dan dikenakan suku bunga 6 per tahun. Pinjaman ini tanpa jaminan dan akan jatuh tempo pada tanggal 31 Januari 2016. Berdasarkan perjanjian perubahan terhadap perjanjian pinjaman tanggal 1 Agustus 2013, jumlah fasilitas pinjaman ini ditingkatkan menjadi sebesar US 70.000.000. On April 1, 2013, the JRN obtained a loan facility from Burklynn Trading Pte. Ltd., a third party, with a maximum facility of US 35,000,000 which bears interest at 6 per annum. This unsecured loan is due on January 31, 2016. Based on amendment agreement dated August 1, 2013, the loan facility was increased to a maximum amount of US 70,000,000. Pada tanggal 31 Desember 2016, saldo pinjaman masing-masing sebesar US 1.200.000. Pada bulan Februari 2017, JRN telah melunasi seluruh saldo pinjaman. As of December 31, 2016, outstanding loan amounted to US 1,200,000, respectively. On February 2017, JRN has fully paid outstanding loan. Beban bunga yang dibebankan pada periode 2017 dan 2016, sebesar US 6.200 dan US 257.833, Catatan 31. Interest expense charged to operations in period 2017 and 2016 amounted to US 6,200 and US 257,833, respectively Note 31.

19. Utang Lembaga Keuangan Bukan Bank

19. Loans From Non-Bank Financial Institution

PT Bank Central Asia Finance BCAF PT Bank Central Asia Finance BCAF Pada tahun 2013 dan 2012, JRN memperoleh fasilitas pembiayaan dari BCAF dengan jumlah fasilitas masing-masing sebesar Rp 2.149.880.000 dan Rp 5.541.000.000. Jangka waktu pinjaman masing-masing tiga puluh enam 36 bulan dengan suku bunga efektif sebesar 7,28 - 9,64 per tahun. In 2013 and 2012, JRN obtained financing facilities from BCAF with maximum credit facilities amounting to Rp 2,149,880,000 and Rp 5,541,000,000, respectively. The term of these facilities are thirty-six 36 months and bears an effective interest at 7.28 to 9.64 per annum. Pada tahun 2015, JRN memperoleh fasilitas pembiayaan dari BCAF dengan jumlah fasilitas sebesar Rp 395.760.000. Jangka waktu pinjaman tiga puluh enam 36 bulan dengan suku bunga efektif sebesar 9,28 per tahun. In 2015, JRN obtained financing facility from BCAF with maximum credit facility amounting to Rp 395,760,000. The term of this facility is thirty- six 36 months and bears an effective interest at 9.28 per annum. Pada tangggal 19 Juli 2016, JRN memperoleh fasilitas pembiayaan dari BCAF dengan jumlah fasilitas sebesar Rp 799.499.000. Jangka waktu pinjaman enam puluh 60 bulan dengan suku bunga efektif sebesar 10,28 per tahun sampai dengan 19 Juli 2019 dan 12,28 per tahun setelah 19 Juli 2019 . On July 19, 2016, JRN obtained financing facility from BCAF with maximum credit facility amounting to Rp 799,499,000. The term of this facility is sixty 60 months and bears an effective interest at 10.28 per annum until July 19, 2019 and 12.28 per annum after July 19, 2019. PT Komatsu Astra Finance Komatsu PT Komatsu Astra Finance Komatsu Pada tanggal 15 Desember 2015, JRBM dan SPP memperoleh Fasilitas Pembiayaan Konsumen untuk suku cadang alat berat dari Komatsu dengan maksimum fasilitas keseluruhan sebesar On December 15, 2015, JRBM and SPP obtained Consumer Finance Facilities for heavy equipment spareparts from Komatsu with maximum facilities totaling to US 453,931. The