UMUM UMUM Lanjutan UMUM Lanjutan UMUM Lanjutan UMUM Lanjutan

PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN INTERIM KONSOLIDASIAN 30 SEPTEMBER 2016 DAN 31 DESEMBER 2015, DAN PERIODE SEMBILAN BULAN BERAKHIR 30 SEPTEMBER 2016 DAN 2015 Lanjutan NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS 30 SEPTEMBER 2016 AND 31 DECEMBER 2015, AND NINE-MONTH PERIODS ENDED 30 SEPTEMBER 2016 AND 2015 Continued Dalam jutaan Rupiah, kecuali dinyatakan khususIn millions of Rupiah, unless otherwise specified 9

1. UMUM Lanjutan

1. GENERAL Continued

a. Pendirian dan informasi lain Perseroan Lanjutan

a. Establishment and other information of the Company Continued

Perseroan bergerak dalam bidang, baik secara langsung maupun tidak langsung melalui entitas anaknya, distribusi sepeda motor dengan merek Honda di wilayah Jawa Timur dan Nusa Tenggara Timur, penjualan eceran kendaraan bermotor roda empat dengan merek Nissan dan Datsun, penyewaan kendaraan, pabrikasi minyak pelumas, asuransi kerugian dan aktivitas pembiayaan. Perseroan memulai operasi komersial sejak 1988. The Company is engaged in, either directly or indirectly through its subsidiaries, distribution of motorcycles under Honda brand in East Java and East Nusa Tenggara areas, four-wheel vehicle retail sales under Nissan and Datsun brand, vehicle rental, production of oil lubricants, general insurance, and financing activities. The Company commenced its commercial operations in 1988. Kantor Perseroan beralamat di Lippo Kuningan, lantai 26, Jl. H.R. Rasuna Said Kav. B-12, Kuningan, Jakarta 12940. The Company’s office is located at Lippo Kuningan, 26 th floor, Jl. H.R. Rasuna Said Kav. B-12, Kuningan, Jakarta 12940. Pemegang saham mayoritas Perseroan, PT Saratoga Investama Sedaya Tbk, memiliki entitas anak dan afiliasi di Indonesia dan luar negeri. The Company’s majority shareholder, PT Saratoga Investama Sedaya Tbk, has subsidiaries and affiliates in Indonesia and overseas. Laporan keuangan interim konsolidasian disetujui untuk diterbitkan oleh manajemen pada tanggal 24 November 2016. The consolidated interim financial statements were approved for issuance by management on 24 November 2016. b. Penawaran umum perdana saham Perseroan b. The Company’s initial public offering Pada tanggal 20 Mei 2013, Perseroan memperoleh Surat Pernyataan Efektif No. S-136D.042013 dari Otoritas Jasa Keuangan “OJK” untuk melakukan penawaran umum perdana saham biasa atas nama sejumlah 970.000.000 saham dengan nilai nominal Rp 500 dalam Rupiah penuh per saham kepada masyarakat melalui Bursa Efek Indonesia “BEI”. Saham tersebut ditawarkan dengan harga Rp 1.500 dalam Rupiah penuh per saham. On 20 May 2013, the Company obtained Effective Statement Letter No. S-136D.042013 from the Financial Services Authority of Indonesia “OJK” to conduct an initial public offering “IPO” of 970,000,000 common shares with par value of Rp 500 in whole Rupiah per share through the Indonesia Stock Exchange “BEI”. The shares were offered at a price of Rp 1,500 in whole Rupiah per share. PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN INTERIM KONSOLIDASIAN 30 SEPTEMBER 2016 DAN 31 DESEMBER 2015, DAN PERIODE SEMBILAN BULAN BERAKHIR 30 SEPTEMBER 2016 DAN 2015 Lanjutan NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS 30 SEPTEMBER 2016 AND 31 DECEMBER 2015, AND NINE-MONTH PERIODS ENDED 30 SEPTEMBER 2016 AND 2015 Continued Dalam jutaan Rupiah, kecuali dinyatakan khususIn millions of Rupiah, unless otherwise specified 10

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1. GENERAL Continued

c. Struktur grup c. Group structure Perseroan memiliki kepemilikan secara langsung dan tidak langsung di entitas anak berikut: The Company has direct and indirect ownerships in the following subsidiaries: Entitas anak Subsidiary Domisili Domicile Jenis usaha Nature of business Tahun dimulainya operasi komersial Year of commencing commercial operations Periode pelaporan dari laporan keuangan Reporting period of financial statements Persentase kepemilikan efektif Percentage of effective ownership Jumlah aset sebelum eliminasi Total assets before elimination 30 September September 2016 31 Desember December 2015 30 September September 2016 31 Desember December 2015 Kepemilikan langsungDirect ownership PT Mitra Pinasthika Mustika Rent “MPMR” Tangerang Penyewaan kendaraan Vehicle rental 2008 30 September September 99,99 99,99 3.175.351 3.434.209 PT Mitra Pinasthika Mulia “MP Mulia” Jakarta Penjualan sepeda motor dan komponen pendukung Sales of motorcycle and its supporting components 2011 30 September September 99,99 99,99 1.793.333 1.896.810 PT Mitra Pinasthika Mustika Finance “MPMF” Jakarta Pembiayaan konsumen, sewa guna usaha dan anjak piutangConsumer financing, leasing and factoring 1994 30 September September 60,00 60,00 5.451.491 5.239.793 PT Federal Karyatama “FKT” Jakarta Pabrikasi dan pengemasan minyak pelumas Manufacturing and packaging of oil lubricant 1988 30 September September 100,00 100,00 1.077.636 975.657 PT Asuransi Mitra Pelindung Mustika “AMPM” Jakarta Asuransi kerugian General insurance 2012 30 September September 56,87 56,87 568.116 431.876 PT Mitra Pinasthika Mustika Auto “MPM AUTO” Tangerang Penjualan kendaraan roda empat dan komponen pendukung Sales of four-wheel vehicles and its supporting components 2013 30 September September 100,00 99,99 792.092 839.447 PT Mitra Pinastika Mustika Mobil “Mobil” Jakarta Perdagangan kendaraan bermotor baru dan bekas dan komponen pendukung Trading of new and used motor vehicles and supporting components 2014 30 September September 100,00 100,00 2.271 2.384 PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN INTERIM KONSOLIDASIAN 30 SEPTEMBER 2016 DAN 31 DESEMBER 2015, DAN PERIODE SEMBILAN BULAN BERAKHIR 30 SEPTEMBER 2016 DAN 2015 Lanjutan NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS 30 SEPTEMBER 2016 AND 31 DECEMBER 2015, AND NINE-MONTH PERIODS ENDED 30 SEPTEMBER 2016 AND 2015 Continued Dalam jutaan Rupiah, kecuali dinyatakan khususIn millions of Rupiah, unless otherwise specified 11

1. UMUM Lanjutan

1. GENERAL Continued

c. Struktur grup Lanjutan c. Group structure Continued Entitas anak Subsidiary Domisili Domicile Jenis usaha Nature of business Tahun dimulainya operasi komersial Year of commencing commercial operations Periode pelaporan dari laporan keuangan Reporting period of financial statements Persentase kepemilikan efektif Percentage of effective ownership Jumlah aset sebelum eliminasi Total assets before elimination 30 September September 2016 31 Desember December 2015 30 September September 2016 31 Desember December 2015 MPM Global Pte. Ltd. “MPM Global” Singapura Singapore Keuangan - Didirikan sehubungan dengan penerbitan obligasi catatan 22 Finance - Established in connection with bonds issuance Note 22 2014 30 September September 100,00 100,00 2.461.692 2.552.335 PT Putra Mustika Prima “PMP” 1 Jakarta Distribusi minyak pelumasDistribution of oil lubricant 2015 30 September September 100,00 100,00 101.093 96.445 PT Ananta Cipta Tama “ACT” 2 Jakarta Investasi, konsultasi manajemen dan jasa advisory Investment, management consulting and advisory services 2016 30 September September 99,99 - 5.002 - Kepemilikan tidak langsung melaluiIndirect ownership through MPMR PT Grahamitra Lestarijaya “GML” Jakarta Penyewaan kendaraanVehicle rent 1991 30 September September 99,99 99,99 272.014 305.435 PT Surya Anugerah Kencana “SAK” Jakarta Penyewaan kendaraanVehicle rent 2000 30 September September 100,00 99,99 174.785 179.892 PT Balai Lelang Asta Nara Jaya “BLN” Tangerang Jasa lelangAuction services 2013 30 September September 99,96 99,96 20.808 16.827 PT MPM Oto “MPMO” Jakarta Perdagangan umum dan kendaraan bermotor, jasa dan agen perwakilan General and motor vehicles trading, service and agency 2009 30 September September 99,80 99,80 6.518 3.931 PT Dayakarya Solusi Sejati “DSS” Tangerang Layanan jasa alih dayaOutsourcing services 2013 30 September September 100,00 100,00 96.485 85.358 Kepemilikan tidak langsung melaluiIndirect ownership through MPM Global MPM Excelsior Pte. Ltd. “MPM Excelsior” Singapura Singapore Keuangan – Didirikan sehubungan dengan penerbitan obligasi catatan 22 Finance – Established in connection with bonds issuance Note 22 2014 30 September September 100,00 100,00 2.572.779 2.768.029 1 Pada tanggal 25 Agustus 2015, PT Putra Mustika Prima “PMP” didirikan dengan penyetoran modal senilai Rp 40.000. 1 On 25 August 2015, PT Putra Mustika Prima “PMP” was incorporated by capital injections of Rp 40,000. 2 Pada tanggal 16 Mei 2016, PT Ananta Cipta Tama “ACT” didirikan dengan jumlah penyetoran modal senilai Rp 10.000. Modal telah disetor senilai Rp 5.000. 2 On 16 May 2016, PT Ananta Cipta Tama “ACT” was incorporated by total capital injections of Rp 10,000. The capital has been paid up of Rp 5,000. Perseroan dan entitas anaknya secara kolektif disebut sebagai “Grup”. The Company and its subsidiaries are collectively referred to as the “Group”. PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN INTERIM KONSOLIDASIAN 30 SEPTEMBER 2016 DAN 31 DESEMBER 2015, DAN PERIODE SEMBILAN BULAN BERAKHIR 30 SEPTEMBER 2016 DAN 2015 Lanjutan NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS 30 SEPTEMBER 2016 AND 31 DECEMBER 2015, AND NINE-MONTH PERIODS ENDED 30 SEPTEMBER 2016 AND 2015 Continued Dalam jutaan Rupiah, kecuali dinyatakan khususIn millions of Rupiah, unless otherwise specified 12

1. UMUM Lanjutan

1. GENERAL Continued

c. Struktur grup Lanjutan c. Group structure Continued Grup memiliki empat segmen operasi yang dibagi menjadi dua kategori sebagai berikut: The Group has four reportable segments divided to two categories as follows: KomponenComponent Diluar jasa keuangan: Non-financial services: Distribusi MPM Marketing Sales Operation, MP Mulia, MPM AUTO, Mobil Distribution Consumer parts FKT, PMP Consumer parts Servis otomotif MPMR, GML, SAK, BLN, MPMO, DSS Automotive services Jasa keuangan MPMF, AMPM Financial services d. Komisaris, direksi, komite audit dan karyawan d. Commissioners, directors, audit committee and employees Susunan anggota komisaris, direksi dan komite audit Perseroan per 30 September 2016 dan 31 Desember 2015 adalah sebagai berikut: The members of the Company’s commissioners, directors and audit committee as of 30 September 2016 and 31 December 2015 were as follows: 30 September September 2016 31 Desember December 2015 Komisaris Commissioners Komisaris Utama Edwin Soeryadjaya Edwin Soeryadjaya President Commissioner Komisaris Lee Chul Joo Lee Chul Joo Commissioner Komisaris Danny Walla Danny Walla Commissioner Komisaris Tossin Himawan Tossin Himawan Commissioner Komisaris Independen Istama Tatang Siddharta Istama Tatang Siddharta Independent Commissioner Komisaris Independen Simon Halim Simon Halim Independent Commissioner 30 September September 2016 31 Desember December 2015 Direksi Directors Direktur Utama Rudy Halim Troy Parwata President Director Wakil Direktur Utama - Agung Cahyadi Kusumo Vice President Director Direktur Troy Parwata - Director Direktur Agung Cahyadi Kusumo - Director Direktur tidak terafiliasi Titien Supeno Titien Supeno Director non affiliated Direktur Andi Esfandiari Andi Esfandiari Director Komite audit Audit committee Ketua Istama Tatang Siddharta Istama Tatang Siddharta Chairman Anggota Kurniawan Tedjo Kurniawan Tedjo Member Anggota Simon Halim Simon Halim Member Pada tanggal 19 Februari 2013, Perseroan menunjuk Ibu Zahnia sebagai Sekretaris Perseroan, dan Ibu Henny Soetio sebagai kepala Unit Audit Internal. Pada tanggal 23 Agustus 2016, Perseroan menunjuk Bapak Troy Parwata sebagai Sekretaris Perseroan menggantikan Ibu Zahnia. On 19 February 2013, the Company appointed Ms. Zahnia as the Corporate Secretary, and Ms. Henny Soetio as the head of the Internal Audit Unit. On 23 August 2016, the Company appointed Mr. Troy Parwata as the Corporate Secretary, replacing Ms. Zahnia. Per tanggal 30 September 2016 dan 31 Desember 2015, karyawan tetap Grup masing-masing sebanyak 4.240 karyawan tidak diaudit dan tidak direviu dan 4.351 karyawan tidak diaudit dan tidak direviu. As of 30 September 2016 and 31 December 2015, the Group’s permanent employees were 4,240 employees unaudited and not reviewed and 4,351 employees unaudited and not reviewed, respectively. PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN INTERIM KONSOLIDASIAN 30 SEPTEMBER 2016 DAN 31 DESEMBER 2015, DAN PERIODE SEMBILAN BULAN BERAKHIR 30 SEPTEMBER 2016 DAN 2015 Lanjutan NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS 30 SEPTEMBER 2016 AND 31 DECEMBER 2015, AND NINE-MONTH PERIODS ENDED 30 SEPTEMBER 2016 AND 2015 Continued Dalam jutaan Rupiah, kecuali dinyatakan khususIn millions of Rupiah, unless otherwise specified 13 2. DASAR PENYUSUNAN 2. BASIS OF PREPARATION OF THE LAPORAN KEUANGAN KONSOLIDASIAN CONSOLIDATED FINANCIAL STATEMENTS Lanjutan Continued a. Pernyataan kepatuhan a. Statement of compliance Laporan keuangan interim konsolidasian disusun dan disajikan berdasarkan Standar Akuntansi Keuangan di Indonesia “SAK” dan Peraturan Bapepam-LK No. VIII.G.7 mengenai Pedoman Penyajian Laporan Keuangan. The consolidated interim financial statements have been prepared and presented in accordance with Indonesian Financial Accounting Standards “SAK” and the Bapepam-LK Regulation No. VIII.G.7 regarding Financial Statements Presentation Guidelines. b. Prinsip konsolidasi b. Basis of consolidation Laporan keuangan konsolidasian merupakan konsolidasian dari laporan keuangan interim Perseroan dengan laporan keuangan interim entitas anak Catatan 1c. The consolidated financial statements represent the consolidation of the interim financial statements of the Company with the interim financial statements of its subsidiaries Note 1c. Entitas anak dikonsolidasi sejak tanggal Perseroan memperoleh pengendalian secara efektif dan tidak lagi dikonsolidasi sejak tanggal pengendalian tersebut tidak lagi dimiliki. Subsidiaries are consolidated from the date on which the Company obtains effective control, and are no longer consolidated from the date such control ceases. Suatu pengendalian atas entitas anak dianggap ada bilamana Perseroan terekspos terhadap, atau memiliki hak atas, imbal hasil variabel dari keterlibatannya dengan entitas anak dan memiliki kemampuan untuk mempengaruhi imbal hasil tersebut melalui kekuasaannya atas entitas anak. Perseroan akan menilai kembali apakah masih memiliki kendali jika ada perubahan atas satu atau lebih unsur pengendalian. Ini termasuk situasi dimana hak protektif yang dimiliki seperti yang dihasilkan dari hubungan pinjaman menjadi substantif dan mengakibatkan Perseroan memiliki kekuasaan atas suatu entitas. Control over an investee is presumed to exist if the Company is exposed to, or has rights to, variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. The Company reassesses whether it still has control if there are changes to one or more of the elements of the control. This includes circumstances in which protective rights held e.g. those resulting from a lending relationship become substantive and lead to the Company having power over an entity. Kebijakan akuntansi yang digunakan dalam penyusunan laporan keuangan interim konsolidasian telah diterapkan secara konsisten oleh entitas anak. The accounting policies adopted in the consolidated interim financial statements have been consistenly applied by the subsidiaries. Saldo dan transaksi signifikan antar perusahaan, termasuk penghasilan dan beban, dieliminasi secara penuh. Keuntungan dan kerugian hasil dari transaksi antar perusahaan yang belum direalisasi, dieliminasi dalam laporan keuangan interim konsolidasian. Significant intercompany balances and transactions, including income and expenses, are eliminated in full. Unrealized gains and losses resulting from intercompany transactions are eliminated in the consolidated interim financial statements.