Market risk continued Financial risk continued

PT PERTAMINA PERSERO DAN ENTITAS ANAKAND SUBSIDIARIES Lampiran 5236 Schedule CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN 31 DESEMBER 2012 DAN 2011 DAN 1 JANUARI 2011 Dinyatakan dalam ribuan Dolar Amerika Serikat, kecuali dinyatakan lain NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2012 AND 2011 AND 1 JANUARY 2011 Expressed in thousands of US Dollar, unless otherwise stated 48. KEBIJAKAN MANAJEMEN RISIKO lanjutan 48. RISK MANAGEMENT POLICY continued

b. Risiko keuangan lanjutan

b. Financial risk continued

II. Risiko kredit lanjutan

II. Credit risk continued

Grup juga mempunyai Credit Management System untuk memonitor penggunaan batasan kredit dan pemblokiran otomatis untuk tagihan yang melewati tanggal jatuh tempo mulai dari 7 tujuh hari. Grup akan mengenakan sanksi keterlambatan pembayaran dalam sebagian kontrak penjualan yang didasarkan pada hasil evaluasi kredit masing-masing pelanggan. The Group also has a Credit Management System to monitor the usage of credit limits and automatic blocking facility in the case of no payment starting from 7 seven days after the maturity date. The Group will imposes penalty for overdue payment in some sales contracts based on the result of each customer’s credit evaluation Pada tanggal 31 Desember 2012 dan 2011, Grup mempunyai saldo piutang usaha masing-masing sebesar US3.855.356 dan US3.541.762, dimana 58 dan 61 diantaranya merupakan piutang usaha kepada institusi Pemerintah dan Badan Usaha Milik Negara dengan saldo terbesar adalah piutang usaha dari PLN dan Entitas Anak sebesar US1.410.195 dan US1.592.442 As of 31 December 2012 and 2011, the Group has trade receivables of US3,855,356 and US3,541,762, of which 58 and 61 is from Government institution and State Owned Enterprises with the largest balance was due from PLN and its subsidiaries in the amount of US1,410,195 and US1,592,442, respectively. Sepuluh debitur utama Grup pada saat tanggal 31 Desember 2012 adalah PLN dan Entitas Anak, TNIKementerian Pertahanan, Kodeco Energy Co.Ltd., Mitsui Oil Asia Pte. Ltd., PT Pamapersada Nusantara, PetroChina Group, Petronas Trading Corporation Sdn Bhd, S-Oil Corporation Singapore, PT Lion Mentari Airlines, Veritaoil Limited and ConocoPhillips Company. The top ten debtors of the Group at 31 December 2012 are PLN and Subsidiaries, TNIMinistry of Defense, Kodeco Energy Co.Ltd., Mitsui Oil Asia Pte. Ltd., PT Pamapersada Nusantara, PetroChina Group, Petronas Trading Corporation Sdn Bhd, S-Oil Corporation Singapore, PT Lion Mentari Airlines, Veritaoil Limited and ConocoPhillips Company. PT PERTAMINA PERSERO DAN ENTITAS ANAKAND SUBSIDIARIES Lampiran 5237 Schedule CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN 31 DESEMBER 2012 DAN 2011 DAN 1 JANUARI 2011 Dinyatakan dalam ribuan Dolar Amerika Serikat, kecuali dinyatakan lain NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2012 AND 2011 AND 1 JANUARY 2011 Expressed in thousands of US Dollar, unless otherwise stated 48. KEBIJAKAN MANAJEMEN RISIKO lanjutan 48. RISK MANAGEMENT POLICY continued