Fair Value of Financial Assets and Liabilities

PT J Resources Asia Pasifik Tbk dan Entitas Anak Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun-tahun yang Berakhir 31 Desember 2013 dan 2012 Angka-angka Disajikan dalam Dolar Amerika Serikat, kecuali Dinyatakan Lain PT J Resources Asia Pasifik Tbk and Its Subsidiaries Notes to Consolidated Financial Statements For the Years Ended December 31, 2013 and 2012 Figures are Presented in United States Dollar, unless Otherwise Stated - 86 - 2013 2012 Rugi fiskal tahun berjalan 1.470.674 3.018.700 Fiscal loss during the year Rugi fiskal tahun-tahun lalu Prior years fiscal loss 2012 3.018.700 - 2012 2011 149.380 149.380 2011 2010 67.712 67.712 2010 2009 47.638 47.638 2009 Akumulasi rugi fiskal 4.754.104 3.283.430 Accumulated fiscal losses Beban pajak kini entitas anak 67.314 16.442.601 Current tax of subsidiaries Perusahaan memiliki saldo akumulasi rugi fiskal pada tahun-tahun yang berakhir 31 Desember 2013 dan 2012 sehingga tidak terdapat utang pajak penghasilan. No provision for current income tax was recognized for the years ended December 31, 2013 and 2012 since the Company is in fiscal loss position. Pajak Tangguhan Deferred Tax Dikreditkan dibebankan ke laporan laba rugi komprehensif konsolidasian Credited in charged to consolidated 1 Januari statements of 31 Desember January 1, comprehensive December 31, 2012 income 2013 Penyisihan untuk penurunan Allowance for decline in value nilai persediaan 7.243 233.556 240.799 of inventories Rugi fiskal - 5.555.211 5.555.211 Fiscal loss Liabilitas imbalan kerja Long-term employee benefits jangka panjang 286.761 168.862 455.623 liability Cadangan biaya reklamasi dan Reclamation and mine closure penutupan tambang 1.080.528 7.234 1.087.762 reserve Sewa pembiayaan - 329.837 329.837 Finance lease Biaya transaksi yang belum diamortisasi - 16.491 16.491 Unamortized transaction cost Depresiasi dan amortisasi 2.897.696 3.584.078 686.382 Depreciation and amortizations Perbedaan antara nilai wajar dan Difference of the fair value and nilat tercatat dari aset eksplorasi dan carrying value of exploration and evaluasi dan properti pertambangan 75.547.235 3.437.836 72.109.399 evaluation assets and mining properties Jumlah liabilitas pajak tangguhan - bersih 77.070.399 12.640.449 64.429.950 Total deferred tax liabilities - net Dikreditkan dibebankan ke laporan laba rugi Aset liabilitas komprehensif pajak tangguhan konsolidasian entitas anak Credited in yang diakuisisi charged to Deferred tax assets consolidated 1 Januari liabilities of statements of 31 Desember January 1, acquired comprehensive December 31, 2012 subsidiary income 2012 Penyisihan untuk: Allowance for: Penurunan nilai persdiaan 7.243 - - 7.243 Decline in value of inventories Penurunan nilai piutang 2.172 - 2.172 - Impairment loss of receivable Sewa pembiayaan 1.176 - 1.176 - Finance lease Liabilitas imbalan kerja Long-term employee benefits jangka panjang 4.553 21.506 260.702 286.761 liability Cadangan biaya reklamasi dan Reclamation and penutupan tambang - 734.370 346.158 1.080.528 mine closure reserve Depresiasi dan amortisasi - 3.556.449 658.753 2.897.696 Depreciation and amortization Perbedaan antara nilai wajar dan Difference of the fair value and nilat tercatat dari aset eksplorasi dan carrying value of exploration and evaluasi dan properti pertambangan - 82.930.991 7.383.756 75.547.235 evaluation assets and mining properties Jumlah liabilitas pajak tangguhan - bersih 12.792 85.731.564 8.648.373 77.070.399 Total deferred tax liabilities - net PT J Resources Asia Pasifik Tbk dan Entitas Anak Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun-tahun yang Berakhir 31 Desember 2013 dan 2012 Angka-angka Disajikan dalam Dolar Amerika Serikat, kecuali Dinyatakan Lain PT J Resources Asia Pasifik Tbk and Its Subsidiaries Notes to Consolidated Financial Statements For the Years Ended December 31, 2013 and 2012 Figures are Presented in United States Dollar, unless Otherwise Stated - 87 - 2013 2012 Aset pajak tangguhan - bersih Deferred tax assets - net Perusahaan 27.737 13.280 The Company Entitas anak 7.667.712 2.467.556 Subsidiaries Jumlah 7.695.449 2.480.836 Total Liabilitas pajak tangguhan - bersih Deferred tax liabilities - net Entitas anak 72.125.399 79.551.235 Subsidiaries Bersih 64.429.950 77.070.399 Net Sesuai dengan peraturan pajak yang berlaku, rugi fiskal dapat dikompensasikan dengan laba kena pajak untuk periode 5 tahun mendatang sejak terjadinya rugi fiskal tersebut. Namun demikian, manajemen berkeyakinan bahwa Perusahaan tidak akan dapat menghasilkan penghasilan kena pajak yang memadai terhadap akumulasi rugi fiskal, sehingga tidak terdapat aset pajak tangguhan yang diakui dari akumulasi rugi fiskal. According to tax regulations, fiscal losses can be carried forward and applied against the taxable income immediately within a period of five years after such fiscal losses were incurred. However, management believes that the Company will not be able to generate sufficient taxable income against which fiscal losses can be utilized, thus, no deffered tax assets was recognized on these accumulated fiscal loss. Rekonsiliasi antara beban penghasilan pajak dan hasil perkalian rugi akuntansi sebelum pajak menurut laporan laba komprehensif konsolidasian dengan tarif pajak yang berlaku adalah sebagai berikut: A reconciliation between the tax expense benefit and the amounts computed by applying the effective tax rates to income loss before tax per consolidated statements of comprehensive income is as follows: 2013 2012 Laba rugi sebelum pajak menurut Income loss before tax laporan laba rugi komprehensif per consolidated statements konsolidasian 38.897.496 95.664.043 of comprehensive income Rugi laba sebelum pajak entitas Loss income before tax anak - bersih 37.319.651 98.676.805 of subsidiaries - net Rugi sebelum pajak Perusahaan 1.577.845 3.012.762 Loss before tax of the Company Penghasilan pajak dengan tarif pajak yang berlaku 394.461 753.191 Tax benefit at effective tax rates Pengaruh pajak atas perbedaan tetap Tax effect of permanent differences Sumbangan 3.772 567 Donations Denda pajak 8.563 - Tax penalties Pendapatan bunga yang telah Interest income already dikenakan pajak penghasilan final - 2.538 subjected to final tax Jumlah - bersih 12.335 1.971 Net Jumlah 382.126 755.162 Subtotal Pajak tangguhan dari rugi fiskal yang Unrecognized deferred tax tidak diakui 367.668 754.674 on fiscal loss Beban pajak entitas anak 12.558.677 7.794.716 Tax expense of the subsidiaries Jumlah beban penghasilan pajak 12.573.135 7.794.228 Total tax expense benefit