Prepaid taxes Income Tax

PT SIGMAGOLD INTI PERKASA TBK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN 30 SEPTEMBER 2015 dan 31 DESEMBER 2014 UNTUK PERIODE DAN TAHUN YANG BERAKHIR PADA TANGGAL-TANGGAL 30 SEPTEMBER 2015 dan 31 DESEMBER 2014 Disajikan dalam Rupiah, kecuali dinyatakan lain PT SIGMAGOLD INTI PERKASA TBK NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS SEPTEMBER 30,2015 AND DECEMBER 31, 2014 FOR THE PERIODS AND YEARS ENDED SEPTEMBER 30,2015 AND DECEMBER 31, 2014 Expressed in Rupiah, unless otherwise stated 47 17. PERPAJAKAN - Lanjutan 17. TAXATION – Continued Berikut ringkasan pemeriksaan pajak signifikan yang diterima oleh Grup : The following are the summary of the significant tax assessment received by the Group : Pada November 2009, PT Artha Centra Graha, Entitas Asosiasi menerima beberapa Surat Ketetapan Pajak Kurang Bayar SKPKB antara lain sebesar Rp3,720,895,302 untuk PPh Badan, Rp 233,584,637 untuk PPh pasal 4 ayat 2, Rp 1,007,400,000 untuk PPh 23 serta Rp 1,388,018,369 untuk PPN. On November 2009, PT Artha Centra Graha, an Associate received several Tax Assessment Letter for Underpayment SKPKB which consist of Rp3,720,895,302 for Corporate Income Tax, Rp233,584,637 for Income tax article 4 2, Rp1,007,400,000 for Income tax art 23 and Rp1,388,018,369 for Value Added Tax. Pada November 2009, PT WOW TV, Entitas Asosiasi menerima beberapa Surat Ketetapan Pajak Kurang Bayar SKPKB antara lain sebesar Rp 15,554,650,668 untuk PPh Badan serta Rp 2,412,852,366 untuk PPN. On November 2009, PT WOW TV, an Associate, received several Tax Assessment Letter for Underpayment SKPKB which consist of Rp 15,554,650,668 for Corporate Income Tax and Rp 2,412,852,366 for Value Added Tax. Pada 29 November 2013, PT WOW TV, Entitas Asosiasi menerima putusan pengadilan pajak dengan no.putusan 48418PPM.XI132013 mengenai tidak dapat diterimanya banding atas Surat Ketetapan Pajak Kurang Bayar Pajak Penghasilan Pasal 26 masa pajak Januari – Desember 2007 sebesar Rp15.967.436.800. On November 29, 2013, PT WOW TV, an Associate, received tax court decisions no. 48418PPM.XI132013 about the unacceptability of an appeal against The Tax Assessment Letter for Underpayment Income Tax Article 26 period January- December 2007 amounted to Rp15,967,436,800. Pada 29 November 2013, Perusahaan menerima putusan pengadilan pajak dengan no.putusan 48419PPM.XI132013 mengenai tidak dapat diterimanya banding atas Surat Ketetapan Pajak Kurang Bayar Pajak Pertambahan Nilai masa pajak Januari – Desember 2007 sebesar Rp5.475.859.200. On November 29, 2013, The Company received tax court decisions no. 48419PPM.XI132013 about the unacceptability of an appeal against The Tax Assessment Letter for Underpayment value Added Tax January-December 2007 amounted to Rp5,475,859,200. Pada 10 Maret 2014, PT Agis Electronic, Entitas Anak menerima putusan pengadilan pajak dengan no.putusan 50513PPM.XIA992014 mengenai tidak dapat diterimanya banding atas Surat Ketetapan Pajak Kurang Bayar Pajak Pertambahan Nilai tahun 2002 sebesar Rp6.195.746.939 On March 10, 2014, PT Agis Electronic, a Subsidiary received tax court decisions no. 50513PPM.XIA992014 about the unacceptability of an appeal against The Tax Assessment Letter for Underpayment value Added Tax 2002 amounted to Rp6,195,746,939. 18. BIAYA YANG MASIH HARUS DIBAYAR 18. ACCRUED EXPENSES 30 September 2015 31 Desember 2014 September 30, 2015 December 31,2014 Jasa profesi 432.437.500 404.750.000 Professional fee Sewa gedung - 150.000.000 Building rent Kas kecil 51.413.574 46.413.574 Petty cash Gaji dan tunjangan - 15.934.739 Salaries and allowance Lain-lain 127.076.852 277.076.852 Others Total 610.927.926 894.175.165 Total 19. PENDAPATAN DITERIMA DI MUKA 19. UNEARNED REVENUE 30 September 2015 31 Desember 2014 September 30, 2015 December 31,2014 Uang muka penjualan pelanggan Advance from customers dan jasa servis 14.897.836 31.897.836 and services Total 14.897.836 31.897.836 Total PT SIGMAGOLD INTI PERKASA TBK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN 30 SEPTEMBER 2015 dan 31 DESEMBER 2014 UNTUK PERIODE DAN TAHUN YANG BERAKHIR PADA TANGGAL-TANGGAL 30 SEPTEMBER 2015 dan 31 DESEMBER 2014 Disajikan dalam Rupiah, kecuali dinyatakan lain PT SIGMAGOLD INTI PERKASA TBK NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS SEPTEMBER 30,2015 AND DECEMBER 31, 2014 FOR THE PERIODS AND YEARS ENDED SEPTEMBER 30,2015 AND DECEMBER 31, 2014 Expressed in Rupiah, unless otherwise stated 48 20. KEWAJIBAN IMBALAN KERJA 20. EMPLOYEE BENEFIT OBLIGATIONS Perusahaan mengakui kewajiban imbalan kerja sesuai dengan peraturan ketenagakerjaan yang berlaku. Kewajiban diestimasi atas imbalan Kerja Perusahaan per 30 September 2015 dan 31 Desember 2014 dihitung Perusahaan sesuai dengan estimasi tahun sebelumnya dan PT. Sakura Aktualita Indonesia, aktuaris independen melalui laporannya tanggal 4 Maret 2015. The Company recognizes obligation for employee benefits in accordance with applicable labor laws. Work estimated liability for the Company as of September 30,2015 and December 31, 2014 in Count By The Company based on estimation last year and by PT. Sakura Aktualita Indonesia, through an independent actuary report dated March 4, 2015. Manajemen berkeyakinan bahwa estimasi atas uang jasa tersebut telah memadai untuk Liabilitas imbalan kerja. Management believes that the estimates of the money has been adequate services for employee benefit obligations. Tingkat diskonto 5 per tahun 5 per annum Discount rate Tingkat kenaikan gaji 5 per tahun 5 per annum Salary growth rate Tingkat mortalitas 100 CS0080 100 CS0080 Mortality rate Umur pensiun normal 55 tahun 55 years Normal retirement age Tingkat kemungkinan cacat 5 5 Disability Tingkat pengunduran diri 5 sampai dengan umur 40 tahun dan menurun secara linear sampai pada usia 45 tahun 5 up to age 40, decreasing linearly to 0 at age 45 Resignation rate Proporsi pengembalian Proportion of normal pension normal metode pension rate method September 30, 2015 and December 31, 2014 30 September 2015 dan 31 Desember 2014 Projected unit credit Nilai kini Liabilitas, biaya jasa kini yang terkait dan biaya jasa lalu di atas dihitung oleh aktuaris independent dengan menggunakan asumsi aktuaris sebagai berikut : Present value of liabilities, related current service cost and past service cost were Calculated by independent actuary who used actuarial assumption as follows :. 30 September 2015 31 Desember 2014 September 30, 2015 December 31,2014 Nilai kini liabilitas imbalan pasti 3.871.430.245 3.647.430.245 Fair value of liabilities Liabilitas masa lalu yang belum Past liabilities unamortized cost diakui non vested 111.381.398 111.381.398 non-vested Keuntungan kerugian aktuarial Unamortized of actuarial yang belum diakui 1.376.280.968 1.376.280.968 gain loss Total 5.136.329.815 4.912.329.815 Total Rekonsiliasi asetliabilitas yang diakui di Laporan Posisi Keuangan Konsolidasian : Reconciliation of assetsliabilities recognized in the consolidated statements of financial position: 30 September 2015 31 Desember 2014 September 30, 2015 December 31,2014 Biaya jasa kini - 211.756.272 Current service cost Biaya bunga 224.000.000 177.015.740 Interest expense Biaya jasa lalu yang diamortisasi Past service amortized cost non-vested - 43.471.559 non-vested Dampak kurtailmen - - Effect of curtailment Amortisasi keuntungan kerugian Amortization gain loss aktuarial - 28.146.600 actuarial Total 224.000.000 404.096.971 Total PT SIGMAGOLD INTI PERKASA TBK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN 30 SEPTEMBER 2015 dan 31 DESEMBER 2014 UNTUK PERIODE DAN TAHUN YANG BERAKHIR PADA TANGGAL-TANGGAL 30 SEPTEMBER 2015 dan 31 DESEMBER 2014 Disajikan dalam Rupiah, kecuali dinyatakan lain PT SIGMAGOLD INTI PERKASA TBK NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS SEPTEMBER 30,2015 AND DECEMBER 31, 2014 FOR THE PERIODS AND YEARS ENDED SEPTEMBER 30,2015 AND DECEMBER 31, 2014 Expressed in Rupiah, unless otherwise stated 49 20. KEWAJIBAN IMBALAN KERJA Lanjutan 20. EMPLOYEE BENEFIT OBLIGATIONS Continued 30 September 2015 31 Desember 2014 September 30, 2015 December 31,2014 Saldo awal tahun 4.912.329.815 4.508.232.844 Beginning of the year Beban yang diakui dalam Expenses charges in the tahun berjalan 224.000.000 404.096.971 current years Pembayaran - Employee benefit paid Saldo akhir periode 5.136.329.815 4.912.329.815 Ending balance of the year Penyesuaian berdasarkan pengalaman dalam periode lima tahun adalah sebagai berikut : The five years history of experience adjustments is as follows : 2014 2013 2012 2011 2010 Nilai kini kewajiban Present value of defined imbalan pasti 781.164.030 922.583.760 5.562.991.508 4.458.455.977 1.817.435.701 benefit obligation Defisit program 781.164.030 922.583.760 5.562.991.508 4.458.455.977 1.817.435.701 Deficit in the plan Penyesuaian pengalaman Experience adjustments pada liabilitas program 394.184.335 346.920.896 1.603.953.460 782.087.467 405.091.207 on plan liabilities 21. UTANG INVESTASI 21. INVESTMENT LOAN 30 September 2015 31 Desember 2014 September 30, 2015 December 31,2014 Liabilitas investasi 13.100.000.000 13.100.000.000 Investment loan Total 13.100.000.000 13.100.000.000 Total Jumlah tersebut merupakan pinjaman yang diterima perusahaan dari GEM Global Yield Fund Limited, tanpa bunga dan akan dikonversi menjadi saham. Atas kredit tersebut Perusahaan diwajibkan menerbitkan waran sebanyak 500.000.000 lembar kepada GEM dengan harga pelaksanaan Rp.125,- Lihat catatan 33d, 33e dan 34. This amount represents a loan the Company received from GEM Global Yield Fund Limited, with no interest and will be converted into shares. On loans, the Company issued warrants are required as many as 500.000.000 shares on GEM with an exercise price of Rp125, - See note 333d, 33e and 34. 22. MODAL SAHAM 22. CAPITAL STOCK Komposisi Pemegang saham pada tanggal 30 September 2015 dan 31 Desember 2014 berdasarkan laporan yang telah diadminitrasikan oleh Biro Adminitrasi Efek BAE PT. Bhakti Share Register BSR Indonesia adalah sebagai berikut : The composition pf Shareholders on September 30,2015 and December 31, 2014 based in the report from PT Bhakti Share Register BSR Indonesia as its Share Registration are as follows : PT SIGMAGOLD INTI PERKASA TBK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN 30 SEPTEMBER 2015 dan 31 DESEMBER 2014 UNTUK PERIODE DAN TAHUN YANG BERAKHIR PADA TANGGAL-TANGGAL 30 SEPTEMBER 2015 dan 31 DESEMBER 2014 Disajikan dalam Rupiah, kecuali dinyatakan lain PT SIGMAGOLD INTI PERKASA TBK NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS SEPTEMBER 30,2015 AND DECEMBER 31, 2014 FOR THE PERIODS AND YEARS ENDED SEPTEMBER 30,2015 AND DECEMBER 31, 2014 Expressed in Rupiah, unless otherwise stated 50 22. MODAL SAHAM Lanjutan 22. CAPITAL STOCK Continued Pemegang Saham Jumlah Saham Ditempatkan dan Disetor Number of Issued and Paid Shares Persentase Kepemilikan Percentage of Ownership Total Shareholders Credit Suisse Securities Credit Suisse Securities Europe Limited 505.105.600 9,18 101.021.120.000 Europe Limited PT Pratama Duta Sentosa 304.478.000 5,53 60.895.600.000 PT Pratama Duta Sentosa PT ASABRI Persero 347.869.800 6,32 69.573.960.000 PT ASABRI Persero PT Asuransi Jiwa Adisarana PT Asuransi Jiwa Adisarana Wanaartha 285.268.100 5,18 57.053.620.000 Wanaartha Masyarakat masing-masing dibawah 5 4.059.362.247 73,78 811.872.449.400 Public each below 5 Total 5.502.083.747 100,00 1.100.416.749.400 Total 30 September 2015 September 30, 2015 Pemegang Saham Jumlah Saham Ditempatkan dan Disetor Number of Issued and Paid Shares Persentase Kepemilikan Percentage of Ownership Total Shareholders Credit Suisse Securities Credit Suisse Securities Europe Limited -94644000 505.000.500 9,18 101.000.100.000 Europe Limited -94644000 PT Pratama Duta Sentosa 349.478.000 6,35 69.895.600.000 PT Pratama Duta Sentosa Masyarakat masing-masing dibawah 5 4.647.605.247 84,47 929.521.049.400 Public each below 5 Total 5.502.083.747 100,00 1.100.416.749.400 Total 31 Dersember 2014 December 31, 2014 Berdasarkan Akta Berita Acara No.16 tanggal 25 Juli 2008 dari Notaris Edwar, S.H, notaris di Jakarta dan Akta PKR No. 18 tanggal 30 September 2008 dengan Notaris Edwar, S.H., notaris di Jakarta dan telah disahkan oleh Menteri Kehakiman Republik Indonesia tanggal 25 September 2008 No. AHU-AH.01.10- 22164.tahun 2008, modal dasar perusahaan menjadi 6.771.459.120 lembar saham dengan nilai Rp.1.342.291.824.000. Dari jumlah tersebut ditempatkan disetor penuh sebanyak 5.501.249.976. saham atau senilai Rp.1.100.249.995.200. Based on the Deed No. 16 dated July 25, 2008 of Edwar, S.H., notary in Jakarta and PKR Deed No.18 dated September 30, 2008 of Notary Edwar, S.H., notary in Jakarta and was approved by The Minister of Justice of the Republic of Indonesia dated September 25, 2008 No. AHU-AH.01.10-22164.year 2008, the authorized capital of the Company into 6,771,459,120 shares with a value Rp.1,342,291,824,000. Of this amount issued fully paid as much as 5,501,249,976. shares or equivalent Rp.1,100,249,995,200. 23. TAMBAHAN MODAL DISETOR DISAGIO ATAS MODAL SAHAM 23. ADDITIONAL PAID-IN CAPITAL DISCOUNT ON SHARE CAPITAL 30 September 2015 31 Desember 2014 September 30, 2015 December 31,2014 Agio saham Penawaran umum perdana tahun 1994 3.500.000.000 3.500.000.000 Initial public stock offering 1994 Penambahan agio dari dividen saham Additional paid in capital from stock tahun 1997 1.342.600.000 1.342.600.000 dividend 1997 Penawaran terbatas I tahun 1997 - - Limited public offering I 1997 Penawaran terbatas II tahun 2001 - - Limited public offering II 2001 Penawaran terbatas III tahun 2008 5.129.833.622 5.129.833.622 Limited public offering III 2008 9.972.433.622 9.972.433.622 PT SIGMAGOLD INTI PERKASA TBK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN 30 SEPTEMBER 2015 dan 31 DESEMBER 2014 UNTUK PERIODE DAN TAHUN YANG BERAKHIR PADA TANGGAL-TANGGAL 30 SEPTEMBER 2015 dan 31 DESEMBER 2014 Disajikan dalam Rupiah, kecuali dinyatakan lain PT SIGMAGOLD INTI PERKASA TBK NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS SEPTEMBER 30,2015 AND DECEMBER 31, 2014 FOR THE PERIODS AND YEARS ENDED SEPTEMBER 30,2015 AND DECEMBER 31, 2014 Expressed in Rupiah, unless otherwise stated 51 23. TAMBAHAN MODAL DISETOR DISAGIO ATAS MODAL SAHAM Lanjutan 23. ADDITIONAL PAID-IN CAPITAL DISCOUNT ON SHARE CAPITAL Continued 31 Maret 2015 31 Desember 2014 March 31, 2015 December 31,2014 Biaya penerbitan saham Penawaran umum perdana tahun 1994 1.558.063.488 1.558.063.488 Initial public stock offering 1994 Penawaran terbatas I tahun 1997 2.811.183.975 2.811.183.975 Limited public offering I 1997 Penawaran terbatas II tahun 2001 5.603.186.159 5.603.186.159 Limited public offering II 2001 Penawaran terbatas III tahun 2008 2.196.887.005 2.196.887.005 Limited public offering III 2008 12.169.320.627 12.169.320.627 Total agio saham 2.196.887.005 2.196.887.005 Total agio saham 24. KOMPONEN EKUITAS LAINNYA 24. OTHERS COMPONENT OF EQUITY Komponen ekuitas lainnya merupakan pencatatan Perusahaan atas penurunan nilai ekuitas pada entitas anak yaitu di PT Agis Mitra Mandiri dan PT Agis Electronic, sebagai Selisih transaksi perubahan ekuitas entitas anak. Other components of equity is a recording of the Company for impairment of equity in subsidiaries, PT Agis Mitra Mandiri and PT Agis Electronic, as Difference arising from changes in equity of subsidiaries. 30 September 2015 30 September 2014 September 30, 2015 September 30, 2014 Selisih transaksi perubahan Difference arising from changes in ekuitas entitas anak Perusahaan 116.511.974.857 116.511.974.857 equity of subsidiaries Total 116.511.974.857 116.511.974.857 Total Jumlah tersebut merupakan penurunan nilai investasi dalam saham Entitas Anak perusahaan, yang dikarenakan terjadinya perubahan dalam ekuitas Entitas Anak perusahaan karena menerapkan PSAK No. 50 Revisi 2006 dan PSAK No. 55 Revisi 2006 secara prospektif sejak tanggal 1 Januari 2010. The amount represents the decrease of investment in shares of a Subsidiary, which was due to the change in equity of Subsidiaries because the Company adopted SFAS No. 50 Revised 2006 and SFAS No. 55 Revised 2006 prospectively from January 1, 2010. Dampak transisi atas penerapan PSAK No. 50 Revisi 2006 dan PSAK No. 55 Revisi 2006 terhadap saldo awal laporan posisi keuangan Entitas Anak perusahaan pada tanggal 1 Januari 2010 adalah sebagai berikut: Impact of transition on the application of SFAS No. 50 Revised 2006 and SFAS No. 55 Revised 2006 to the beginning statements of financial statement of the Company Subsidiaries as at 1 January 2010 is as follows: Nilai dilaporkan Reported value Penyesuaian Adjustment Nilai disesuaikan Adjusted value PT Agis Electronic PT Agis Electronic Investasi MTN Grand Resources 357.027.000.000 49.327.266.852 307.699.733.148 Investment MTN Grand Resources PT Agis Mitra Mandiri PT Agis Mitra Mandiri Investasi MTN BBC 354.500.000 39.332.534 315.167.466 Investment MTN BBC Investasi MTN New Asia 155.489.500.000 19.150.113.076 136.339.386.924 Investment MTN New Asia Investasi MTN Orion 25.826.000.000 3.371.811.386 22.454.188.614 Investment MTN Orion Investasi MTN Grand Resources 326.278.000.000 45.096.247.233 281.181.752.767 Investment MTN Grand Resources Total 864.975.000.000 116.984.771.081 747.990.228.919 Total Penurunan nilai investasi dalam saham sebagai berikut : Declining of investment in share as follows : Nilai dilaporkan Reported value kepemilikan ownership Nilai disesuaikan Adjusted value Investasi MTN PT Agis Electronic 49.327.266.852 99,04 48.854.470.628 Investment MTN PT Agis Electronic Investasi MTN PT Agis Mitra Mandiri 67.657.504.229 99,04 67.657.504.229 Investment MTN PT Agis Mitra Mandiri Total 116.984.771.081 116.511.974.857 Total PT SIGMAGOLD INTI PERKASA TBK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN 30 SEPTEMBER 2015 dan 31 DESEMBER 2014 UNTUK PERIODE DAN TAHUN YANG BERAKHIR PADA TANGGAL-TANGGAL 30 SEPTEMBER 2015 dan 31 DESEMBER 2014 Disajikan dalam Rupiah, kecuali dinyatakan lain PT SIGMAGOLD INTI PERKASA TBK NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS SEPTEMBER 30,2015 AND DECEMBER 31, 2014 FOR THE PERIODS AND YEARS ENDED SEPTEMBER 30,2015 AND DECEMBER 31, 2014 Expressed in Rupiah, unless otherwise stated 52 25. KEPENTINGAN NONPENGENDALI 25. NON-CONTROLLING INTERESTS Kepentingan nonpengendali atas laba rugi bersih Entitas Anak yang dikonsolidasi Non-controlling interest in total comprehensive income loss of consolidated subsidiaries 30 September 2015 30 September 2014 September 30, 2015 September 30, 2014 Saldo awal 65.876.701.432 66.431.599.201 Beginning balance Fujian Xinjifu Fujian Xinjifu Enterprises Group Co.,Ltd 12.188.212 15.128.929 Enterprises Group Co.,Ltd Lain-lain 212.881.559 539.768.840 Others Saldo akhir 65.651.631.661 65.876.701.432 Ending balance 26. PENJUALAN DAN PENDAPATAN 26. SALES AND REVENUES 30 September 2015 30 September 2014 September 30, 2015 September 30, 2014 Penjualan barang dagangan 27.976.535.243 75.320.061.203 Sales merchandise Jasa perbaikan elektronik dan lainnya 22.414.519.704 12.765.963.671 Service electricity and others Retur dan potongan penjualan 83.975.885 122.069.659 Return sales and discount Total 50.307.079.062 87.963.955.215 Total 27. HARGA POKOK PENJUALAN 27. COST OF SALES 30 September 2015 30 September 2014 September 30, 2015 September 30, 2014 Harga pokok penjualan barang 33.774.285.946 71.109.264.294 Cost of sales Harga pokok jasa perbaikan dan lainnya 10.997.381.596 5.671.292.737 Cost of service and others Total 44.771.667.542 76.780.557.031 Total PT SIGMAGOLD INTI PERKASA TBK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN 30 SEPTEMBER 2015 dan 31 DESEMBER 2014 UNTUK PERIODE DAN TAHUN YANG BERAKHIR PADA TANGGAL-TANGGAL 30 SEPTEMBER 2015 dan 31 DESEMBER 2014 Disajikan dalam Rupiah, kecuali dinyatakan lain PT SIGMAGOLD INTI PERKASA TBK NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS SEPTEMBER 30,2015 AND DECEMBER 31, 2014 FOR THE PERIODS AND YEARS ENDED SEPTEMBER 30,2015 AND DECEMBER 31, 2014 Expressed in Rupiah, unless otherwise stated 53 28. BEBAN USAHA 28. OPERATING EXPENSES 30 September 2015 30 September 2014 September 30, 2015 September 30, 2014 Beban penjualan : Selling expenses : Gaji dan kesejahteraan 1.642.690.600 2.001.559.893 Salaries and employee welfare Sewa 427.215.871 347.057.359 Rent Utilitas 264.501.550 162.071.224 Utilities Perbaikan dan pemeliharaan 140.379.110 206.958.409 Repairs and maintenance Penyusutan aset tetap 173.179.289 145.344.137 Depreciation of fixed assets Transportasi dan perjalanan dinas 310.234.204 301.964.428 Transportation and business travel Iklan dan promosi 125.168.407 74.733.796 Promotion and advertising Lain-lain - 433.142.741 Others Total 3.083.369.031 3.672.831.987 Total Beban umum dan administrasi : General and administrative expense : Gaji dan kesejahteraan 4.124.918.545 5.155.867.646 Salaries and employee welfare Penyusutan aset tetap 691.201.612 1.139.825.887 Depreciation of fixed assets Utilitas 675.218.965 510.412.514 Utilities Operasional kantor dan konsultan 363.618.984 298.599.363 Operating office and consultants Sewa 1.442.210.138 1.206.443.280 Rent Imbalan pasca kerja 224.000.000 504.679.311 Post employee benefits Perlengkapan kantor 554.032.791 116.792.709 Office supplies Pajak dan perijinan 32.177.184 158.550.116 Tax and permits Transportasi dan perjalanan dinas 417.425.135 161.059.294 Transportation and business travel Sumbangan 22.146.975 12.527.899 Donation Iuran 351.216.380 - Retribution Perbaikan dan pemeliharaan 34.888.776 140.822.813 Repair and maintenance Total 8.933.055.485 9.405.580.832 Total 29. PENDAPATAN BEBAN LAIN-LAIN 29. OTHERS INCOME EXPENSES 30 September 2015 30 September 2014 September 30, 2015 September 30, 2014 Pendapatan lain-lain bersih : Selling expenses nett: Pendapatan bunga investasi dan Interest income on investment and penurunan nilai investasi bersih 1.728.373.916 14.004.822.077 impairment of investment - nett Keuntungan penjualan aset 57.603.727 137.800.000 Gain on sales of fixed assets Pendapatan bunga bank 35.668.765 24.641.385 Interest income Pemulihan penurunan nilai Recoverage of impairment piutang dan persediaan 1.746.743.947 5.404.954.271 receivables and inventories Penyisihan penurunan nilai aset tetap - 3.628.064.000 Provision for impairment fixed assets Bunga dan administrasi bank Interest and administrative bank serta kartu kredit 358.508.440 592.263.609 and credit cards charges Selisih kurs 8.057.298 Foreign Exchange Pendapatan lain-lain bersih 801.706.768 463.279.879 Others - nett Total 1.085.312.747 5.013.318.759 Total PT SIGMAGOLD INTI PERKASA TBK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN 30 SEPTEMBER 2015 dan 31 DESEMBER 2014 UNTUK PERIODE DAN TAHUN YANG BERAKHIR PADA TANGGAL-TANGGAL 30 SEPTEMBER 2015 dan 31 DESEMBER 2014 Disajikan dalam Rupiah, kecuali dinyatakan lain PT SIGMAGOLD INTI PERKASA TBK NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS SEPTEMBER 30,2015 AND DECEMBER 31, 2014 FOR THE PERIODS AND YEARS ENDED SEPTEMBER 30,2015 AND DECEMBER 31, 2014 Expressed in Rupiah, unless otherwise stated 54 30. SIFAT DAN TRANSAKSI DENGAN PIHAK BERELASI 30. TRANSACTIONS WITH RELATED PARTIES Pihak-pihak berelasiRelated parties Sifat hubungan Nature of relationship Fujian Xinjifu Enterprises Group Pemegang saham PT Agis Resources, Entitas asosiasi The shareholder of PT Agis Resources, an Associate 30 September 2015 30 September 2014 September 30, 2015 September 30, 2014 Aset : Assets : Piutang usaha 4.479.252.445 4.817.319.852 Trade receivables Piutang lain-lain 49.737.196.704 46.255.642.784 Others receivables Total 54.216.449.149 51.072.962.636 Total Persentasi piutang terhadap total aset 4,65 4,29 Receivables pencentage to assets 31 Maret 2014 31 Desember 2013 Liabilitas : Liabilities : Utang usaha - - Trade payables Utang lain-lain 763.436.752 3.887.824.210 Others payables Total 763.436.752 3.887.824.210 Total Persentasi utang terhadap total aset 0,07 0,33 Payables pencentage to assets 31. INFORMASI SEGMEN USAHA 31. BUSINESS SEGMENT INFORMATION Perusahaan dan Entitas Anak perusahaan pada saat ini melakukan kegiatan usaha sebagai berikut :. At present, the Company and its Subsidiaries are engaged in the business as follows : NamaName Usaha Business PT Sigmagold Inti Perkasa dahulu PT Agis Tbk PT Sigmagold Inti Perkasa Tbk formerly PT Agis Tbk Jasa perdagangan umum dan perbaikan electronic General trading and service, repairment of electronic PT Agis Electronic dan Entitas Anak Perusahaan PT Agis Electronic and Subsidiaries Distribusi dan retail produk electronic Distribution and retailer of electronic product PT Agis Mitra Mandiri dan Entitas Anak Perusahaan PT Agis Mitra Mandiri and Subsidiaries Jasa telekomunikasi dan multimedia Telecomunication service and multimedia PT Agis Resources dan Entitas Anak Perusahaan PT Agis Resources and Subsidiaries Bidang pertambangan Mining sectors 30 September 2015 Jasa Service Retail Trading Telekomunikasi Multimedia Pertambangan Mining Resources Konsolidasian Consolidated September 30, 2015 Penjualan dan pendapatan 22.330.543.819 27.976.535.243 - - 50.307.079.062 Sales and revenues Harga pokok penjualan 18.686.875.243 26.084.792.299 - - 44.771.667.542 Cost of sales Laba kotor 3.643.668.576 1.891.742.944 - - 5.535.411.520 Gross profit Beban pokok pendapatan dan Revenues Beban usaha 9.204.858.267 3.713.839.895 - 34.216.661 12.952.914.822 Operating Expensesnse Hasil Segmen 5.561.189.691 1.822.096.951 - 34.216.661 7.417.503.304 Subtotal Pendapatan dan beban lain-lain 1.957.174.639 5.971.283.781 4.162.931.584 - 148.822.443 Others income expenses Pendapatan beban pajak 3.798.748.826 205.867.342 5.178.326.781 19.465.549 1.604.910.846 Tax benefit expense Laba Bersih 11.317.113.154 4.355.054.172 1.015.395.197 14.751.111 5.961.414.897 Net Income PT SIGMAGOLD INTI PERKASA TBK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN 30 SEPTEMBER 2015 dan 31 DESEMBER 2014 UNTUK PERIODE DAN TAHUN YANG BERAKHIR PADA TANGGAL-TANGGAL 30 SEPTEMBER 2015 dan 31 DESEMBER 2014 Disajikan dalam Rupiah, kecuali dinyatakan lain PT SIGMAGOLD INTI PERKASA TBK NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS SEPTEMBER 30,2015 AND DECEMBER 31, 2014 FOR THE PERIODS AND YEARS ENDED SEPTEMBER 30,2015 AND DECEMBER 31, 2014 Expressed in Rupiah, unless otherwise stated 55 31. INFORMASI SEGMEN USAHA Lanjutan 31. BUSINESS SEGMENT INFORMATION Continued 30 JUNI 2014 Jasa Service Retail Trading Telekomunikasi Multimedia Pertambangan Mining Resources Konsolidasian Consolidated June 30, 2014 Penjualan dan pendapatan 10.783.158.249 77.180.796.966 - - 87.963.955.215 Sales and revenues Harga pokok penjualan 7.662.514.154 65.734.240.615 - - 73.396.754.769 Cost of sales Laba kotor 3.120.644.095 11.446.556.351 - - 14.567.200.446 Gross profit Beban usaha 8.825.433.811 4.407.560.503 - 112.762.172 13.345.756.486 Operating Expensesnse Hasil Segmen 5.704.789.716 7.038.995.848 - 112.762.172 1.221.443.960 Subtotal Pendapatan dan beban lain-lain 211.706.981 3.002.965.737 4.698.389.709 10.270.789 1.896.860.164 Others income expenses Pendapatan beban pajak - 176.388.203 945.034.756 7.451.362 776.097.915 Tax benefit expense Revenues Laba Bersih 5.493.082.735 3.859.641.908 5.643.424.465 115.581.599 3.894.402.039 Net Income 32. NILAI WAJAR ASET DAN LIABILITAS KEUANGAN 32. FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES Tabel dibawah ini menggambarkan nilai tercatat dan nilai wajar dari aset dan liabilitas keuangan: The fair values of financial assets and liabilities, together with the carrying amounts, are as follows: Nilai tercatat Carrying amount Nilai wajar Fair value Nilai tercatat Carrying amount Nilai wajar Fair value Aset keuangan : Financial Assets Kas dan bank 7.242.732.915 7.242.732.915 8.204.314.157 8.204.314.157 Cash and banks Piutang usaha : Trade receivables Pihak berelasi 4.479.252.445 4.479.252.445 4.955.384.284 4.955.384.284 Related parties Pihak ketiga - bersih 65.993.793.887 65.993.793.887 69.526.602.906 69.526.602.906 Third parties Piutang lain-lain Other receivables Pihak berelasi 3.752.651.696 3.752.651.696 1.355.407.490 1.355.407.490 Related parties Pihak ketiga - bersih 120.396.390.677 120.396.390.677 116.740.671.651 116.740.671.651 Third parties Investasi jangka panjang lainnya 688.173.653.611 688.173.653.611 686.819.093.923 686.819.093.923 Long term investment Total 890.038.475.231 890.038.475.231 887.601.474.411 887.601.474.411 Total 30 SeptemberSeptember 30, 2015 31 DesemberDecember 31 , 2014 Liabilitas keuangan : Financial liabilities Utang bank 105.202.157.816 105.202.157.816 105.385.289.663 105.385.289.663 Bank loan Utang usaha : Trade payables Pihak ketiga - bersih 1.686.879.548 1.686.879.548 1.438.081.715 1.438.081.715 Third parties Utang lain-lain : Others payables Pihak berelasi 763.436.752 763.436.752 3.221.566.061 3.221.566.061 Related parties Pihak ketiga - bersih 1.327.969.565 1.327.969.565 721.209.983 721.209.983 Third parties Biaya yang masih harus dibayar 610.927.926 610.927.926 894.175.165 894.175.165 Accrued expenses Total 109.591.371.607 109.591.371.607 111.660.322.587 111.660.322.587 Total Nilai wajar atas sebagian besar aset dan liabilitas keuangan mendekati nilai tercatat karena dampak pendiskontoan yang tidak signifikan. Nilai wajar dari utang bank dan utang leasing dinilai menggunakan discounted cash flow berdasarkan tingkat suku bunga efektif terakhir yang berlaku untuk masing-masing pinjaman yang diutilisasi. The fair value of most of the financial assets and liabilities approximates their carrying amount, as the impact of discounting is not significant. The fair value of bank loan and lease payable are estimated by using discounted cash flow applying the effective interest rate charged by the lenders for the last utilisation in each currency borrowings. PT SIGMAGOLD INTI PERKASA TBK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN 30 SEPTEMBER 2015 dan 31 DESEMBER 2014 UNTUK PERIODE DAN TAHUN YANG BERAKHIR PADA TANGGAL-TANGGAL 30 SEPTEMBER 2015 dan 31 DESEMBER 2014 Disajikan dalam Rupiah, kecuali dinyatakan lain PT SIGMAGOLD INTI PERKASA TBK NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS SEPTEMBER 30,2015 AND DECEMBER 31, 2014 FOR THE PERIODS AND YEARS ENDED SEPTEMBER 30,2015 AND DECEMBER 31, 2014 Expressed in Rupiah, unless otherwise stated 56 33. KOMITMEN DAN PERJANJIAN-PERJANJIAN PENTING 33. COMMITMENTS AND SIGNIFICANT AGREEMENTS a. Perjanjian Distribusi a. Contract of Work Pada tanggal 1 November 1996, Entitas Anak PT. Agis Electronic yaitu PT. Artha Wahana Karya AWK, PT. Artha Wahana Surya AWS dan PT. Artha Wahana Prakasa AWP bersama – sama disebut sebagai ‘pihak – pihak terkait menandatangani perjanjian distribusi dengan PT. Sony Indonesia SI. Perjanjian – perjanjian ini antara lain meliputi : As of November 1, 1996, The Subsidiaries of PT Agis Electronic were : PT Artha Wahana Karya AWK, PT Artha Wahana Surya AWS and PT Artha Wahana Prakarsa AWP together reffered as related parties’ was signed a distribution agreement with PT Sony Indonesia SI. These agreements are as follow: 1. SI menunjukan pihak – pihak terkait sebagai distributor non – ekslusif produk SONY untuk wilayah – wilayah sebagai berikut :yang akan berlangsung untuk jangka waktu 30 tahun. AWS : Sulawesi Selatan AWK : Bandung, Semarang, Surabaya dan Bali AWP: Lampung, Palembang, Medan, Banjarmasin dan Pontianak. 1. SI shows the party – party relate as distributor non – ekslusif SONYS product to region – region as follows :shall continue for a period of 30 years. AWS: Sulawesi Selatan AWK: Bandung, Semarang, Surabaya dan Bali AWP: Lampung, Palembang, Medan, Banjarmasin dan Pontianak 2. Pihak – pihak terkait setuju untuk membeli dari SI sejumlah produk “SONY” setiap bulan dengan nilai minimum tertentu setelah dikurangi Pajak Pertambahan Nilai. 2. The relevant parties agree to purchase from SI a number of product “Sony” each month with certain minimum value after deduction of value added tax. Pada tanggal 1 April 2008 perjanjian diatas telah di perbaharui dan akan berlaku sampai dengan 30 September 2009 dan dapat diperpanjang setiap tahun. On April 1, 2008 the above agreement has been renewed and will go effect up to September 30, 2009 and extendable annually. b. Perjanjian Sewa Ruangan b. Office Rent Aggrements Grup mengadakan perjanjian sewa ruangan seluas 351,34 m2 di UOB Plaza lantai 42 JL. M.H. Thamrin kav 8-9, Jakarta dengan PT. UOB Property dengan jangka waktu 5 lima tahun, dengan nilai sewa pada tahun pertama sd tahun ketiga sebesar US20m3bulan dan tahun keempat sd tahun kelima US22m3bulan terhitung mulai tanggal 21 November 2013- 20 November 2018. The Groups has an office rental agreement for an area 351,34 m2 at UOB Plaza 42 th floor,M.H Thamrin street kav 8-9, Jakarta with PT UOB Property for 5 five years, with rental price for fist year to third years amounted USD20m2month, and fourth year to fiveth year amounted USD22m2month, effective from November 21, 2013 to November 20, 2018. PT SIGMAGOLD INTI PERKASA TBK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN 30 SEPTEMBER 2015 dan 31 DESEMBER 2014 UNTUK PERIODE DAN TAHUN YANG BERAKHIR PADA TANGGAL-TANGGAL 30 SEPTEMBER 2015 dan 31 DESEMBER 2014 Disajikan dalam Rupiah, kecuali dinyatakan lain PT SIGMAGOLD INTI PERKASA TBK NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS SEPTEMBER 30,2015 AND DECEMBER 31, 2014 FOR THE PERIODS AND YEARS ENDED SEPTEMBER 30,2015 AND DECEMBER 31, 2014 Expressed in Rupiah, unless otherwise stated 57 33. KOMITMEN DAN PERJANJIAN-PERJANJIAN PENTING Lanjutan 33. COMMITMENTS AND SIGNIFICANT AGREEMENTS Continued Grup mengadakan perjanjian sewa ruangan di Vila Pondok Indah B.2, Jakarta Selatan dengan nilai sewa sebesar Rp 150.000.000 per tahun dengan jangka waktu sewa sampai dengan 31 Oktober 2016. Perjanjian sewa ruangan di Jalan Nagarawangi No 52 Tasikmalaya jangka waktu 2 tahun sampai dengan 1 April 2016 dengan nilai sewa sebesar Rp40.000.000 per tahun. Perjanjian sewa ruangan di Batununggal, Bandung seluas 144 m2 dengan nilai sewa Rp67.500.000 per tahun dan jangka waktu sampai dengan 1 Juni 2015. Perjanjian sewa ruangan di Cimahi, Bandung dengan nilai sewa Rp80.000.000 per tahun sampai dengan 2 September 2015. Perjanjian sewa ruangan di Kudus dengan nilai sewa Rp50.000.000 per tahun sampai dengan 1 Juni 2015. Perjanjian sewa ruangan di Makasar dengan nilai sewa Rp55.000.000 per tahun sampai dengan 1 Juni 2015. Sewa ruangan di Karawang sebesar Rp35.000.000 per tahun dengan jangka waktu sewa sampai dengan 30 April 2015. Sewa ruangan di Surabaya dengan nilai sewa sebesar Rp60.000.000 per tahun dan jangka waktu sewa sampai dengan 20 Mei 2015. Sewa ruangan di Depok sebesar Rp.30.000.000 per tahun sampai dengan 30 September 2015. Sewa ruangan di Cibubur sebesar Rp65.000.000 per tahun sampai dengan 1 September 2015. Sewa ruangan di Palembang sebesar Rp35.000.000 per tahun sampai dengan 31 September 2015. Sewa ruangan di Bali sebesar Rp38.000.000 per tahun sampai dengan 31 Agustus 2016. The Group has an office rental agreement at Vila Pondok Indah B.2, South Jakarta with rental price Rp150,000,000 for 1 year and effective rent periods until October 31, 2016. Office rental agreement at Nagawangi Street No. 52, Tasikmalaya for 2 years until April 1, 2016, with rental price for amounted Rp40,000,000 for 1 year. Office rental agreement at Batununggal, Bandung for an area 144m2 with rental price for amounted Rp67,500,000 for 1 year and effective periods until June 1, 2015. Office rental agreement at Cimahi, Bandung with rental price Rp80,000,000 for 1 year and time rental periods until September 2, 2015. Office rental agreement in Kudus with rental price Rp50,000,000 for 1 year and effective rent period until June 1, 2015. Office rental agreement in Makasar with rental price Rp55,000,000 for 1 year effective until June 1, 2015.Office rental agreement in Karawang amounting Rp35,000,000 for 1 year and rental period until April 30, 2015. Office rental agreement in Surabaya amounting Rp60,000,000 for 1 year until May 20, 2015. Office rental in Depok amounting Rp30,000,000 for 1 year until September 30,2015. Office rental in Cibubur amounting Rp65,000,000 for 1 year until September 1, 2015. Office rental in Palembang amounting to Rp35,000,000 for 1 year until September 31, 2015. Office rental in Bali amounting to Rp38,000,000 for 1 year and rental period until August 31, 2016. Entitas Anak Perusahaan mengadakan perjanjian sewa-meyewa dengan PT. Metropolitan Kentjana Tbk atas papan reklame seluas 16m2 di Gedung Pondok Indah Mall, jangka waktu 61 bulan terhitung dari tanggal 1 Oktober 2007 dan akan berakhir tanggal 31 Oktober 2012, dengan nilai sewa sebesar Rp. 121.920.000. A Subsidiary has a rental agreement with PT Metropolitan Kentjana Tbk for adevertising Board for an area 16 m2 at Pondok Indah Mall building for a with period of 61 months started from October 1, 2007 until October 31, 2012, with rental price Rp121,920,000.; Grup mengadakan perjanjian sewa ruangan seluas 460,10 m2 di MNC Tower lantai 6, Jalan Kebon Sirih dengan PT. GLD Property dengan jangka waktu 1 tahun, dengan nilai sewa sebesar Rp.160.000m2bulan terhitung mulai tanggal 1 Agustus 2012 sampai dengan 31 Juli 2013. The Groups has an office rental agreement for an area 460.10 m2 at MNC Tower 6 th floor, Kebon Sirih street with PT GLD Property for 1 one year, with rental price for amounted Rp 160,000m2month, effective from August 1, 2012 to July 31, 2013. c. Perjanjian Kerja Sama Jasa Layanan Sevice c. Authorized Service Agreement Pada tanggal 3 Maret 2014, Perusahaan menandatangani Perjanjian Pelayanan Purna Jual Resmi dengan PT Sony Indonesia. Berdasarkan perjanjian ini, PT Sony Indonesia menunjuk Perusahaan sebagai tempat pelayanan purnal jual resmi baik pelayanan perbaikan dalam masa garansi maupun di luar masa garansi. Perjanjian ini berlaku selama 1 tahun dan selanjutnya secara otomatis akan diperpanjang. In March 3, 2014, the Company entered into a after sales service authorized agreement with PT Sony Indonesia. Based on this agreement, PT Sony Indonesia pointed to the Company as the authorized place for after-sales service for all Sony Indonesia’s product both in warranty and out of warranty. This agreement will effective during 1 year and extendable annually. PT SIGMAGOLD INTI PERKASA TBK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN 30 SEPTEMBER 2015 dan 31 DESEMBER 2014 UNTUK PERIODE DAN TAHUN YANG BERAKHIR PADA TANGGAL-TANGGAL 30 SEPTEMBER 2015 dan 31 DESEMBER 2014 Disajikan dalam Rupiah, kecuali dinyatakan lain PT SIGMAGOLD INTI PERKASA TBK NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS SEPTEMBER 30,2015 AND DECEMBER 31, 2014 FOR THE PERIODS AND YEARS ENDED SEPTEMBER 30,2015 AND DECEMBER 31, 2014 Expressed in Rupiah, unless otherwise stated 58 33. KOMITMEN DAN PERJANJIAN-PERJANJIAN PENTING Lanjutan 33. COMMITMENTS AND SIGNIFICANT AGREEMENTS Continued Pada tanggal 3 Januari 2011, Perusahaan menandatangani Perjanjian Penunjukan Perwakilan Resmi Samsung dengan PT Samsung Electronics Indonesia. Berdasarkan perjanjian ini, Perusahaan sebagai rekanan resmi menyediakan jasa layanan servis kepada semua konsumen produk Samsung Electronics hingga 31 Desember 2011 dan telah telah diperpanjang setiap tahunnya. In January 3, 2011, the Company entered into Authorized Service Centre Agreement with PT Samsung Electronics Indonesia. Based on this agreement, the Company as the authorized business partner should provide repairment service to all Samsung Electronics consumers until December 31, 2011 and extendable annually. Pada tanggal 1 April 2011, Perusahaan menandatangani Perjanjian Kerjasama Pengadaan Jasa Layanan Pusat Servis dengan PT Electronic Solution Indonesia. Berdasarkan perjanjian ini, Perusahaan sebagai rekanan akan menyediakan jasa layanan servis kepada konsumen Electronic Solution Indonesia hingga 31 Desember 2011. Perjanjian ini sedang dalam proses perpanjangan dengan PT Electronic Solution Indonesia. In April 1, 2011, the Company entered into a service agreement with PT Electronic Solution Indonesia. Based on this agreement, the Company as the business partner would repairment service for all Electronic Solution Indonesias consumers until December 31, 2011. This agreement is currently under extension negotiation.that will be agreed upon by both parties. Pada tanggal 24 Januari 2011, Perusahaan menandatangani Perjanjian Penunjukan Midea Authorized Service Station dengan PT Midea Planet Indonesia. Berdasarkan perjanjian ini, Perusahaan sebagai rekanan resmi menyediakan jasa layanan servis kepada semua konsumen Midea Planet Indonesia hingga 24 Januari 2012. Perusahaan memutuskan untuk tidak memperpanjang perjanjian ini. In January 24, 2011, the Company entered into authorized service agreement with PT Midea Planet Indonesia. Based on this agreement, the Company as the authorized business partner would provide repairment service to all Midea Planet Indonesias consumers until January 24, 2012. The Company decided not to extend this agreement. d. Audit Aspek hukum d. Legal Audit Berdasarkan Engagement Letter tanggal 18 Maret 2010, Peter, S-Marck Law melakukan legal audit atas Insvestment Agreement antara Perusahaan dengan G.E.M Global Yield Fund, Ltd Investor serta G.E.M Investment Advisors, Inc Gemiia. Investor akan memberikan Equity Line Of Credit ‘ELC” kepada Perusahaan, dengan total komitmen sebesar Rp. 200.000.000.000,- dua ratus milyar rupiah. Berdasarkan surat pendapat hukum dari Peter, S- Marck Law dengan Ref.02LO-AGISPSMLIV2010 menyimpulkan bahwa Investment Agreement dan Repo Agreement yang akan dilakukan sesuai dengan regulasi dan Undang – undang yang berlaku di Indonesia. Under the Engagement Letter dated 18 March 2010, Peter, S-Marck Law conduct legal audit of the Investment Agreement between The Company with GEM Global Yield Fund, Ltd. Investor and GEM Investment Advisors, Inc.Gernia. The investors will give Equity Line of Credit ELC to the Company with total commitment amounted to Rp. 200,000,000,000,- two hundred billion rupiah. Based on legal opinion report from Peter, S-Marck Law Ref.02LO- AGISPSMLIV2010 dated September 11, 2010 concluded that the Investment Agreement and the Repo Agreement to be performend in accordance with the Regulations and Law in Indonesia. e. Perjanjian Investasi e. Investment Agreement Perusahaan telah menandatangani Investment Agreement dengan GEM Global Yield Fund Limited GEM pada tanggal 23 April 2010. GEM memberikan fasilitas Equity Line of Credit ELC dengan jumlah sampai Rp.200.000.000.000,- dua ratus milyar rupiah tanpa bunga yang akan dikonversi menjadi saham. dengan fasilitas tersebut perusahaan diwajibkan menerbitkan 500.000.000 lembar waran kepada GEM dengan harga pelaksanaan Rp.125,- Untuk memenuhi persyaratan penerbitan ELC, maka Perusahaan akan menerbitkan waran seri III. The Company has signed an Investment Agreement with GEM Global Yield Fund Limited GEM on April 23, 2010. GEM provides equity line of credit facility ELC with up to Rp. 200,000,000,000, - two hundred billion dollars without interest to be converted into shares. with the facility required the Company issued 500,000,000 shares warrants to GEM with an exercise price of Rp125, - To meet the requirements for the issuance of ELC, the Company will issue warrants series III.