UTANG OBLIGASI lanjutan BONDS PAYABLE continued

PT PERTAMINA PERSERO DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2016 dan untuk Tahun yang Berakhir pada Tanggal Tersebut Dinyatakan dalam ribuan Dolar Amerika Serikat, kecuali dinyatakan lain PT PERTAMINA PERSERO AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2016 and for the Year Then Ended Expressed in thousands of US Dollars, unless otherwise stated 115

21. LIABILITAS IMBALAN KERJA KARYAWAN lanjutan

21. EMPLOYEE BENEFITS LIABILITIES continued a. Program imbalan pascakerja dan imbalan

kerja jangka panjang lainnya lanjutan a. Post-employment benefit plans and other long-term employee benefits continued 3. Program Tabungan Pekerja 3. Employees’ Saving Plan Perusahaan dan Entitas Anak tertentu keseluruhannya disebut Peserta menyelenggarakan program Tabungan Pekerja “TP” berupa program iuran pasti dan yang akan diterima oleh pekerja pada saat masa kerjanya berakhir. Hingga tahun buku 2015, seluruh iuran dikelola oleh PT Pertamina Dana Ventura. Efektif per tanggal 28 Oktober 2016, PT Pertamina Dana Ventura membuat keputusan melakukan restrukturisasi dan tidak lagi melakukan kegiatan usaha sebagai Perusahaan Modal Ventura sehingga seluruh dana yang tersedia dialihkelolakan kepada Dana Pensiun Lembaga Keuangan “DPLK”. The Company and certain Subsidiaries collectively referred to as the Participants operate an Employees’ Saving Plan “TP” in the form of a defined contribution plan, in which the saving will be received by employees at the end of their service period. Until the fiscal year 2015, all contributions made are managed by PT Pertamina Dana Ventura. Effective on October 28, 2016, PT Pertamina Dana Ventura made a decision to restructure and it is no longer in business activities as a venture capital company so that all of available funds are transferred by management to Pension Fund “DPLK”. b. Provisi imbalan kerja karyawan b. Provision for employee benefits Taksiran kewajiban imbalan kerja Perusahaan dan sebagian besar entitas anaknya per tanggal-tanggal 31 Desember 2016 dan 2015 dihitung berdasarkan laporan penilaian dari aktuaris independen, PT Dayamandiri Dharmakonsilindo, masing-masing tanggal 25 Januari 2017. Tabel berikut ini menyajikan ikhtisar kewajiban imbalan kerja sebagaimana tercatat pada laporan posisi keuangan konsolidasian: The estimated employee benefits obligations of the Company and most of its Subsidiaries as of December 31, 2016 and 2015, were determined based on the valuation reports of an independent actuary, PT Dayamandiri Dharmakonsilindo, dated January 25, 2017. The table below presents a summary of the employee benefits obligations reported in the consolidated statements of financial position: 2016 2015 Perusahaan: The Company: Pensiun dan imbalan Pension and other post pascakerja lainnya: employment benefits: - PPMP 142.326 93.459 PPMP - - Tunjangan kesehatan pascakerja 832.487 719.791 Post-retirement healthcare benefits - - PAP 922.194 902.089 PAP - - Biaya pemulangan 8.230 8.824 Repatriation costs - Sub jumlah 1.905.237 1.724.163 Sub-total Imbalan kerja jangka Other long-term employee panjang lainnya: benefits: - MPPK 114.778 114.591 MPPK - - Tunjangan cuti dan Annual leave and - ulang tahun dinas 12.843 13.042 service anniversary Sub jumlah 127.621 127.633 Sub-total Jumlah - Perusahaan 2.032.858 1.851.796 Total - Company Entitas Anak: Subsidiaries: Pensiun dan imbalan Pension and other post- pascakerja lainnya 133.283 135.749 employment benefits Jumlah konsolidasian 2.166.141 1.987.545 Total consolidated Bagian jangka pendek Catatan 18 202.392 196.140 Current portion Note 18 Bagian jangka panjang 1.963.749 1.791.405 Non-current portion PT PERTAMINA PERSERO DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2016 dan untuk Tahun yang Berakhir pada Tanggal Tersebut Dinyatakan dalam ribuan Dolar Amerika Serikat, kecuali dinyatakan lain PT PERTAMINA PERSERO AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2016 and for the Year Then Ended Expressed in thousands of US Dollars, unless otherwise stated 116

21. LIABILITAS IMBALAN KERJA KARYAWAN lanjutan

21. EMPLOYEE BENEFITS LIABILITIES continued b. Provisi imbalan kerja karyawan lanjutan

b. Provision for employee benefits continued

Rincian estimasi liabilitas imbalan pascakerja dan imbalan jangka panjang lainnya untuk masing-masing program yang diselenggarakan Perusahaan pada tanggal-tanggal 31 Desember 2016 dan 2015 adalah sebagai berikut: The details of estimated post-employment benefit obligations and other long-term employment benefits for each of the programs operated by the Company as of December 31, 2016 and 2015 are as follows: i Liabilitas imbalan pascakerja i Post-employment benefit obligations 2016 Tunjangan kesehatan pascakerja Post- Biaya retirement pemulangan PPMP healthcare PAP Repatriation Jumlah PPMP benefits PAP costs Total Nilai kini liabilitas Present value of the imbalan pasti 735.775 832.487 922.194 8.230 2.498.686 defined benefit obligations Nilai wajar aset program 593.449 - - - 593.449 Fair value of plan assets Status yang belum didanai 142.326 832.487 922.194 8.230 1.905.237 Unfunded status Jumlah - Perusahaan 142.326 832.487 922.194 8.230 1.905.237 Total - Company 2015 Tunjangan kesehatan pascakerja Post- Biaya retirement pemulangan PPMP healthcare PAP Repatriation Jumlah PPMP benefits PAP costs Total Nilai kini liabilitas Present value of the imbalan pasti 702.452 719.791 902.089 8.824 2.333.156 defined benefit obligations Nilai wajar aset program 608.993 - - - 608.993 Fair value of plan assets Status yang belum didanai 93.459 719.791 902.089 8.824 1.724.163 Unfunded status Jumlah - Perusahaan 93.459 719.791 902.089 8.824 1.724.163 Total - Company Mutasi nilai wajar aset program selama tahun berjalan adalah sebagai berikut: The movements in the fair value of plan assets of the year are as follows: 2016 2015 Saldo awal 608.993 720.048 Beginning balance Pendapatan bunga 55.627 55.795 Interest Income Pengukuran kembali - Remeasurement - imbal hasil aset program, return on plan assets, di luar pendapatan bunga 28.927 40.029 excluding interest income Iuran Perusahaan 3.667 3.977 Company’s contributions Iuran pekerja 1.418 1.570 Employee contributions Imbalan yang dibayar 63.909 63.259 Benefits paid Keuntungan kerugian selisih kurs 16.580 69.109 Gain loss on foreign exchange Saldo akhir 593.449 608.993 Ending balance