FINANCIAL RISK MANAGEMENT ASSESSMENT OBJECTIVES AND POLICIES continued

are in the Indonesian language. PT SELAMAT SEMPURNA Tbk DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Maret 2015 dan untuk periode yang berakhir pada tanggal tersebut Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain PT SELAMAT SEMPURNA Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of March 31, 2015 and for the period ended Expressed in millions of Rupiah, unless otherwise stated 115

38. NILAI WAJAR

INSTRUMEN KEUANGAN lanjutan 38. FAIR VALUE OF FINANCIAL INSTRUMENTS continued Tabel berikut menyajikan estimasi nilai wajar aset dan liabilitas keuangan Kelompok Usaha pada tanggal 31 Maret 2015 dan 2014 dan 1 Januari 201431 Desember 2013 lanjutan: The following table sets forth estimated fair values of Group’s financial assets and liabilities as of March 31, 2015 and 2014 and January 1, 2014December 31, 2013 continued: 1 Januari 2014 31 Desember 2013 31 Desember 2014 January 1, 2014 December 31, 2014 December 31, 2013 Disajikan Kembali - Disajikan Kembali - Catatan 2n Catatan 4 dan 2n 31 Maret 2015 As Restated - As Restated - March 31, 2015 Note 2n Note 4 and 2n Liabilitas Keuangan Financial Liablities Liabilitas keuangan yang diukur dengan biaya amortisasi Financial liabilities at amortized costs Utang bank jangka pendek 109.958 132.148 146.160 Short-term bank loans Utang usaha Trade payables Pihak ketiga 191.964 142.079 142.249 Third parties Pihak berelasi 5.239 10.287 22.087 Related parties Utang lain-lain Other payables Pihak ketiga 618 3.616 1.742 Third parties Pihak berelasi - 15 302 Related parties Liabilitas imbalan kerja Short-term employee jangka pendek 18.004 23.540 25.083 benefit liabilities Beban akrual 23.463 32.724 46.675 Accrued expenses Utang derivatif 12.254 6.366 8.372 Derivativepayable Liabilitas jangka panjang yang Current maturities of jatuh tempo dalam satu tahun long-term debts Utang bank jangka panjang 23.750 47.500 66.250 Long-term bank loans Utang obligasi 79.951 79.908 - Bonds payables Liabilitas jangka panjang - setelah dikurangi bagian yang jatuh Long-term debts - net of tempo dalam satu tahun: current maturities: Utang bank jangka panjang - - 35.000 Long-term bank loans Utang obligasi - - 79.815 Bonds payables Total 465.201 478.183 573.735 Total Nilai wajar didefinisikan sebagai total dimana instrumen tersebut dapat ditukar dalam transaksi jangka pendek antara pihak yang berkeinginan dan memiliki pengetahuan yang memadai melalui suatu transaksi yang wajar, selain di dalam penjualan terpaksa atau penjualan likuidasi. Nilai wajar didapatkan dari model arus kas diskonto. Fair value is defined as the amount at which the instrument could be exchanged in an arm’s length transaction between willing and knowledge able parties, other than in a forced or liquidation sale. Fair values are obtained from the discounted cash flow model. Nilai wajar untuk kas dan setara kas, piutang usaha, piutang lain-lain, investasi pada entitas asosiasi, utang usaha, utang lain-lain, liabilitas imbalan kerja jangka pendek, dan beban akrual dalam waktu satu periode mendekati nilai tercatatnya karena bersifat jangka pendek. The fair values of cash and cash equivalents, trade receivable, investment in associated company, other receivables, trade payables, other payables, short-term employee benefit liabilities and accrued expenses approximate their carrying values in view of their short-term nature. Nilai tercatat dari utang bank mendekati nilai wajarnya disebabkan oleh pemakaian suku bunga mengambang atas instrumen tersebut, dimana tingkat bunga tersebut selalu disesuaikan oleh bank. The carrying values of bank loans approximate their fair values due to the floating rate interests on these instruments which are subject to adjustments by the banks.