UTANG LAIN-LAIN OTHER PAYABLES

Indonesian language. PT WISMILAK INTI MAKMUR TBK DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tahun yang Berakhir pada Tanggal-tanggal 31 Desember 2016 dan 2015 Disajikan dalam Rupiah, kecuali Dinyatakan Lain PT WISMILAK INTI MAKMUR TBK AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2016 and 2015 Expressed in Rupiah, unless Otherwise Stated 51 16. UTANG BANK lanjutan 16. BANK LOANS continued 2. PT Bank Danamon Indonesia Tbk lanjutan 2. PT Bank Danamon Indonesia Tbk continued Entitas anak PT Gelora Djaja lanjutan Subsidiary PT Gelora Djaja continued - Fasilitas Omnibus revolving loan dengan nilai maksimal sebesar Rp170.000.000.000. Fasilitas kredit tersebut memiliki sub limit penggunaan berupa Bank Garansi sebesar Rp170.000.000.000 atau Letter of Credit impor sebesar AS17.000.000. Jangka waktu penggunaan bank garansi selama 360 hari dan untuk Letter of Credit impor selama 180 hari. Pada tanggal 31 Desember 2016 dan 2015, saldo untuk pinjaman ini masing-masing sebesar Rp39.000.000.000 dan Rp75.500.000.000. - Omnibus Facility revolving loan with maximum credit amounting to Rp170,000,000,000. This facility has sub- limits which are Bank Guarantee amounting to Rp170,000,000,000 or Letter of Credit for import purpose amounting to US17,000,000. Usage period for a bank guarantee is 360 days and for Letters of Credit for import is 180 days. As of December 31, 2016 and 2015, the outstanding loan balance for this facility amounted to Rp39,000,000,000 and Rp75,500,000,000, respectively. - Kredit Rekening Koran digunakan untuk pembiayaan keperluan modal kerja dengan nilai maksimal sebesar Rp5.000.000.000. Pada tanggal 31 Desember 2016 dan 2015, tidak terdapat saldo utang atas fasilitas ini. - Bank Overdraft Facility is used for working capital with maximum credit facility amounting to Rp5,000,000,000. As of December 31, 2016 and 2015, there is no outstanding balance on this credit facility - Fasilitas Open Account Financing Import seasonal limit dengan nilai maksimal sebesar Rp200.000.000.000. Pada tanggal 31 Desember 2016 dan 2015, saldo untuk pinjaman ini masing-masing sebesar Rp126.737.579.365 dan Rp157.219.404.282. - Open Account Financing Import Facility seasonal limit with maximum credit amounting to Rp200,000,000,000. As of December 31, 2016 and 2015, the outstanding loan balance for this facility amounted to Rp126,737,579,365 and Rp157,219,404,282, respectively. Jaminan atas fasilitas di atas berupa persediaan tembakau dan cengkeh PT Gelora Djaja Catatan 9, piutang usaha PT Gelora Djaja dari PT Gawih Jaya Catatan 7 dan jaminan Perusahaan dari PT Gawih Jaya. a. The collaterals of the above facilities are secured by PT Gelora Dj aja’s tobacco and cloves Note 9, PT Gelora D jaja’s trade receivables from PT Gawih Jaya Note 7 and corporate guarantee from PT Gawih Jaya. Nilai jaminan untuk jaminan tersebut diatas sebesar 100 dari jumlah yang terhutang outstanding pinjaman berdasarkan fasilitas kredit. Total amount of the above collaterals comprises 100 from outstanding loan according to credit facilities. Berdasarkan perpanjangan perjanjian kredit, PT Gelora Djaja diharuskan untuk mempertahankan rasio keuangan seperti current ratio minimum sebesar 1,25 kali, debt to equity ratio maksimum sebesar 2 kali, debt service coverage ratio minimum 1 kali dan jumlah piutang dan persediaan milik PT Gelora Djaja harus lebih besar dari jumlah utang bank. a. Based on the extended loan agreement, PT Gelora Djaja should maintain the financial ratio such as current ratio minimum of 1.25 times, debt to equity ratio maximum of 2 times, debt service coverage ratio minimum of 1 time and the sum of receivables and inventories owned by PT Gelora Djaja should be more than total outstanding loan balance. Manajemen PT Gelora Djaja berpendapat bahwa seluruh rasio telah dipenuhi pada tanggal laporan posisi keuangan konsolidasian. PT Gelora Djaja’s management is of the opinion that all ratios are met as of consolidated statements of financial position date. Indonesian language. PT WISMILAK INTI MAKMUR TBK DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tahun yang Berakhir pada Tanggal-tanggal 31 Desember 2016 dan 2015 Disajikan dalam Rupiah, kecuali Dinyatakan Lain PT WISMILAK INTI MAKMUR TBK AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2016 and 2015 Expressed in Rupiah, unless Otherwise Stated 52 16. UTANG BANK lanjutan 16. BANK LOANS continued 3. PT Bank Central Asia Tbk 3. PT Bank Central Asia Tbk Perusahaan The Company Utang Bank Jangka Panjang Long-term Bank Loan Berdasarkan Perjanjian Kredit No. 5 tanggal 1 Maret 2011, Perusahaan melakukan perjanjian kredit dengan PT Bank Central Asia Tbk BCA untuk fasilitas kredit investasi dengan jumlah maksimum kredit sebesar Rp5.000.000.000. Fasilitas ini digunakan untuk pembelian mesin filter rokok. Fasilitas ini berlaku mulai tanggal 1 Maret 2011 atau tanggal lain sesuai perjanjian BCA dengan Perusahaan termasuk 9 bulan grace period dan akan jatuh tempo pada tanggal 1 Maret 2016. Perusahaan tidak melakukan perpanjangan atas fasilitas ini setelah tanggal jatuh tempo. Tingkat bunga efektif yang dibebankan sebesar 11,75 per tahun. Pada tanggal 31 Desember 2016 dan 2015, saldo utang pinjaman ini masing- masing sebesar nihil dan Rp294.014.907. Based on Loan Agreement No. 5, dated on March 1, 2011, the Company entered into a loan agreement with PT Bank Central Asia Tbk BCA for an Investment credit facility with total maximum credit of Rp5,000,000,000. The facility was used to purchase cigarette filter machine. This facility is applicable starting from March 1, 2011 or other date according to the agreement of BCA and the Company with 9 months grace period and will mature on March 1, 2016. The Company did not renew this facility after maturity date. Interest rate is 11.75 per annum. As of December 31, 2016 and 2015, the outstanding balance for this facility amounted to nil and Rp294,014,907, respectively. Jaminan atas fasilitas kredit investasi tersebut berupa 1 unit mesin produksi filter AFKDF 2 400 mmin filter maker with hand catcher, filter diameter 6,95 mm, panjang 120 mm milik Perusahaan yang terletak di Surabaya beserta seluruh perlengkapannya yang tersimpan di Jl. Buntaran 9A, Tandes, Surabaya Catatan 12. b. The collateral of the above facility is 1 unit machine filter AFKDF 2 400 mmin filter maker with hand catcher, filter diameter at 6.95 mm, filter length at 120 mm that belongs to the Company which is located in Surabaya and all the supplies which are located at Jl. Buntaran 9A, Tandes, Surabaya Note 12. Selama periode perjanjian kredit, Perusahaan tidak diizinkan melakukan kegiatan-kegiatan berikut tanpa izin tertulis dari BCA, seperti : - During the period of the loan, the Company is not allowed to carry out the following activities without written approval from BCA: - Memperoleh tambahan pinjaman dari bank atau lembaga keuangan lainnya; - - Obtain an additional loan from other banks and or other financial institution; - Meminjamkan uang termasuk tetapi tidak terbatas kepada perusahaan afiliasi kecuali untuk kegiatan operasional sehari-hari; - - Lending money to other companies, including but not limited to afiliated companies except for daily operations; - Tidak diizinkan melakukan penggabungan, pengambilalihan, maupun pembubaran; dan - - Not allowed to do merger, acquisition, and liquidation; and - Mengubah status institusi. - - Change institutional status. Manajemen Perusahaan berpendapat ketentuan-ketentuan tersebut diatas sudah dipenuhi pada tanggal laporan posisi keuangan konsolidasian. The Company’s management is of the opinion that the above negative covenants were complied as of consolidated statements of financial position date.