MANAJEMEN RISIKO KEUANGAN lanjutan FINANCIAL RISK MANAGEMENT continued

PT ASTRA INTERNATIONAL Tbk DAN ENTITAS ANAKAND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN 31 DESEMBER 2011 DAN 2010 Dinyatakan dalam miliaran Rupiah, kecuali dinyatakan lain NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2011 AND 2010 Expressed in billions of Rupiah, unless otherwise stated Halaman - 97 - Page 35. MANAJEMEN RISIKO KEUANGAN lanjutan 35. FINANCIAL RISK MANAGEMENT continued Pengelolaan modal lanjutan Capital management continued Rasio gearing pada tanggal 31 Desember 2011 dan 2010 adalah sebagai berikut: The gearing ratios as at 31 December 2011 and 2010 are as follows: 2011 2010 Jumlah utang 44,990 31,738 Total borrowings Dikurangi: Less: Kas dan setara kas 13,111 7,005 Cash and cash equivalents Kas yang dibatasi penggunaannya 92 87 Restricted cash Utang bersih 31,787 24,646 Net debt Jumlah ekuitas 75,838 58,689 Total equity Rasio gearing konsolidasian 42 42 Consolidated gearing ratio Group juga secara terpisah memonitor utang bersih konsolidasian dari perusahaan non-jasa keuangan dan perusahaan jasa keuangan menimbang perusahaan jasa keuangan beroperasi dengan tingkat leverage yang lebih tinggi dibandingkan dengan perusahaan non-jasa keuangan. Jumlah utang bersih pada tanggal 31 Desember 2011 dan 2010 terdiri dari: The Group also separately monitors the consolidated net debt of non-financial services companies and financial services companies given the Group’s financial services companies operate with higher levels of leverage than the Group’s non-financial services companies. The amount of net debts as at 31 December 2011 and 2010 are as follows: 2011 2010 Utang bersih perusahaan jasa 572 3,539 Net debt of non-financial services non-keuangan companies Utang bersih perusahaan jasa 31,215 21,107 Net debt of financial services companies keuangan 31,787 24,646 Nilai wajar instrumen keuangan Fair values of financial instruments Nilai wajar aset dan kewajiban financial, beserta nilai tercatatnya, adalah sebagai berikut: The fair values of financial assets and liabilities, together with the carrying amounts, are as follows: 2011 2010 Nilai tercatat Carrying value Nilai wajar Fair value Nilai tercatat Carrying value Nilai wajar Fair value Aset keuangan: Financial assets: Kas dan setara kas 13,111 13,111 7,005 7,005 Cash and cash equivalents Piutang usaha 14,526 14,526 9,391 9,391 Trade receivables Piutang pembiayaan 41,033 41,261 29,905 30,690 Financing receivables Piutang lain-lain 2,093 2,076 1,476 1,481 Other receivables Investasi lain-lain 4,195 4,260 3,522 3,525 Other investments 74,958 75,234 51,299 52,092 PT ASTRA INTERNATIONAL Tbk DAN ENTITAS ANAKAND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN 31 DESEMBER 2011 DAN 2010 Dinyatakan dalam miliaran Rupiah, kecuali dinyatakan lain NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2011 AND 2010 Expressed in billions of Rupiah, unless otherwise stated Halaman - 98 - Page 35. MANAJEMEN RISIKO KEUANGAN lanjutan 35. FINANCIAL RISK MANAGEMENT continued