TAXATION Laporan Tahunan | Bintang Mitra Semesta Raya

PT BINTANG MITRA SEMESTARAYA Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Lanjutan Pada dan Untuk Tahun Yang Berakhir Tanggal 31 Desember 2015 Disajikan Dalam Rupiah, Kecuali Dinyatakan Lain PT BINTANG MITRA SEMESTARAYA Tbk AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Continued As of and For The Year Ended December 31, 2015 Expressed in Rupiah, Unless Otherwise Stated 99

33. INSTRUMEN KEUANGAN Lanjutan

33. FINANCIAL INSTRUMENTS Continued

Instrumen keuangan dengan nilai tercatat yang kurang lebih sebesar nilai wajarnya Manajemen menetapkan bahwa nilai tercatat berdasarkan jumlah nominal piutang lancar lain-lain. utang lancar usaha dan lain-lain dan biaya masih harus dibayar. serta utang bank jangka pendek kurang lebih sebesar nilai wajarnya karena instrumen keuangan tersebut berjangka pendek. Manajemen menetapkan bahwa nilai tercatat berdasarkan jumlah nominal kas dan setara kas. piutang usaha dan nilai tercatat dari utang jangka panjang dengan suku bunga mengambang kurang lebih sebesar nilai wajarnya karena dinilai ulang secara berkala. Klasifikasi instrumen keuangan Tabel berikut menjabarkan perbandingan antara jumlah tercatat dan nilai wajar instrumen keuangan Perusahaan dan Entitas Anak yang dicatat di laporan keuangan konsolidasian: Financial instruments with carring value of approximately at fair value Management has determined that the carrying value based on nominal amount in other current receivables. current liabilities and other payable and accrued expenses. as well as short-term bank debt of approximately at fair value as financial instruments the short term Management has determined that the carrying value based on nominal amount of cash and cash equivalents. accounts receivable and the carrying value of long-term debt with floating interest rate approximately equal to their fair value due to be reassessed regularly. Classification of financial instruments The following table sets out a comparison of the carrying amounts and fair value of the Company and Subsidiaries’ financial instruments that are carried in the consolidated financial statements: Nilai tercatat Nilai wajar Carrying value Fair value 31 Desember 2015 December 31. 2015 Aset keuangan Financial assets Kas dan setara kas 53.509.160.902 53.509.160.902 Cash and cash equivalents Piutang usaha pihak ketiga 277.523.096.904 277.523.096.904 Trade receivables third parties Piutang lain-lain 34.329.483.347 34.329.483.347 Other receivables Liabilitas keuangan Financial liabilities Utang jangka pendek 189.606.872.195 189.606.872.195 Short term loan Utang usaha pihak ketiga 24.742.326.555 24.742.326.555 Trade payables - third parties Utang lain-lain 47.767.852.376 47.767.852.377 Other payable Biaya masih harus dibayar 10.270.833.098 10.270.833.097 Accrued expenses Utang jangka panjang Long term loan: Kurang dari satu tahun 22.979.953.374 22.979.953.374 Current portion Bagian jangka panjang 56.590.955.720 56.590.955.720 Long term payable portion Jumlah 717.320.534.471 717.320.534.471 PT BINTANG MITRA SEMESTARAYA Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Lanjutan Pada dan Untuk Tahun Yang Berakhir Tanggal 31 Desember 2015 Disajikan Dalam Rupiah, Kecuali Dinyatakan Lain PT BINTANG MITRA SEMESTARAYA Tbk AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Continued As of and For The Year Ended December 31, 2015 Expressed in Rupiah, Unless Otherwise Stated 100

33. INSTRUMEN KEUANGAN Lanjutan

33. FINANCIAL INSTRUMENTS

Continued Nilai tercatat Nilai wajar Carrying value Fair value 31 Desember 2014 December 31. 2014 Aset keuangan Financial assets Kas dan setara kas 46.708.782.437 46.708.782.437 Cash and cash equivalents Piutang usaha pihak ketiga 274.353.852.156 274.353.852.156 Trade receivables third parties Piutang lain-lain 17.943.347.940 17.943.347.940 Other receivables Liabilitas keuangan Financial liabilities Utang jangka pendek 82.934.023.188 82.934.023.188 Short term loan Utang usaha pihak ketiga 145.777.865.043 145.777.865.043 Trade payables - third parties Utang lain-lain 44.760.479.959 44.760.479.959 Other payable Biaya masih harus dibayar 7.718.707.045 7.718.707.045 Accrued expenses Utang jangka panjang Long term loan: Kurang dari satu tahun 4.999.999.997 4.999.999.997 Current portion Jumlah 625.197.057.765 625.197.057.765 34. PERJANJIAN DAN PERIKATAN PENTING 34. SIGNIFICANT AGREEMENTS AND COMMITMENTS a. Pada tanggal 6 April 2009, Perusahaan dan PT Sulfindo Adiusaha SAU menandatangani Perjanjian Distributor sebagai kelanjutan kerjasama yang telah dituangkan dalam Nota Kesepahaman yang ditandatangani pada tanggal 5 Desember 2008. a. On April 6, 2009, the Company and PT Sulfindo Adiusaha “SAU” entered into a Distribution Agreement in continuation of the previous Memorandum of Agreement that was signed on December 5, 2008. Dalam perjanjian distributor ini. Perusahaan ditunjuk oleh SAU sebagai distributor utama untuk melaksanakan pemasaran sebagian maupun seluruh produk kimia SAU seperti Caustic Soda NaOH Liquid. Caustic Soda NaOH Flake. Ethylene Dichloride EDC. Vinyl Chloride Monomer VCM. Polyvinyl Chloride PVC. Hydrochloric Acid HCl. Sodium Hypochlorite NaOCI. Sulfuric Acid dan Hydrogen Gas untuk lingkup wilayah Negara Republik Indonesia. Perjanjian Distributor tersebut berlaku untuk jangka waktu satu tahun sejak tanggal Perjanjian. Pada tanggal 6 April 2010 perjanjian distributor ini dipeRpanjang selama satu tahun. In this distribution agreement. the Company is assigned by SAU as the main distributor to sell SAU chemical products which are Caustic Soda NaOH Liquid. Caustic Soda NaOH Flake. Ethylene Dichloride EDC. Vinyl Chloride Monomer VCM. Polyvinyl Chloride PVC. Hydrochloric Acid HCl. Sodium Hypochlorite NaOCI. Sulfuric Acid and Hydrogen Gas in the Indonesian region. The Distribution Agreement is valid for one year effective from the agreement date. On April 6, 2010 this distribution agreement has extended for one year. Pada tanggal 6 Oktober 2010 Perusahaan dan SAU menandatangani addendum perjanjian distributor dimana jangka waktu perjanjian distributor tersebut diubah menjadi 5 lima tahun terhitung sejak tanggal addendum dan dapat dipeRpanjang kembali berdasarkan persetujuan para pihak. On October 6, 2010 the Company and SAU signed an addendum of Distribution Agreement where the agreement was extended for 5five years from the addendum date and can be extended based on mutual agreement on both parties. Addendum kedua perjanjian distributor ini ditandatangani pada tanggal 10 Maret 2015 dimana jangka waktu perjanjian distributor ini diperpanjang untuk jangka waktu 5 lima tahun. The second addendum of Distribution Agreement was signed on March 10, 2015 where this agreement was extended for 5 five years.