SUMBER KETIDAKPAS TI AN DARI ESTIMASI

Indonesian language. PT CITRA TUBINDO Tbk DAN ENTITAS AN AK CATATAN ATAS L APOR AN KEUANGAN KONSOLIDASIAN Tahun Yang Berakhir Pada Tanggal-tanggal 31 Desember 2012 dan 2011 Disajikan dalam dolar AS, kecuali dinyatakan lain PT CITRA TUBINDO Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2012 and 2011 Expressed in U.S. dollars, unless otherwise stated 47 5. PIUTANG USAH A lanjutan 5. TRADE RECEIVABLES continued 1 Januari 2011 31 Desember 2010 January 1, 2011 2012 2011 December 31, 2010 Euro Euro EUR5.557.249 pada tanggal EUR5,557,249 as of 31 Desember 2012 dan December 31, 2012 and EUR13.268.517 pada tanggal EUR13,268,517 as of 1 Januari 201131 Desember January 1, 2011 2010 7.361.777 - 17.644.132 December 31, 2010 Dirham Uni Emirat Arab United Arab Emirates Dirham AED48.871.367 pada tanggal AED48,871,367 as of 31 Desember 2012 13.305.718 - - December 31, 2012 Jumlah 51.135.329 28.846.771 47.596.484 Total Berdasarkan analisa umur piutang, komposisi piutang usaha adalah sebagai berikut: Based on the aging, the composition of trade receivables is as follows: 1 Januari 2011 31 Desember 2010 January 1, 2011 2012 2011 December 31, 2010 Kurang dari 31 hari 15.107.829 16.348.529 40.638.611 Less than 31 days 31 - 90 hari 31.780.189 9.085.383 2.990.110 31 - 90 days 91 - 180 hari 2.839.581 1.508.391 1.124.921 91 - 180 days 181 - 360 hari 8.917.695 1.837.976 1.684.637 181 - 360 days Lebih dari 360 hari 1.536.264 813.408 2.322.437 More than 360 days Jumlah 60.181.558 29.593.687 48.760.716 Total Dikurangi penyisihan atas kerugian Less allow ance for impairment losses penurunan nilai piutang usaha 9.046.229 746.916 1.164.232 on trade receivables Neto 51.135.329 28.846.771 47.596.484 Net Mutasi peny isihan atas kerugian penurunan nilai piutang usaha adalah sebagai berikut: The changes in allowance for impairment losses on trade receivables are as follows: 1 Januari 2011 31 Desember 2010 January 1, 2011 2012 2011 December 31, 2010 Saldo awal 746.916 1.164.232 388.739 Beginning balance Perubahan selama tahun berjalan Changes during the year Penambahan penyisihan 8.322.744 194.596 787.051 Additional provision Penghapusan piutang 26.809 129 25.061 Write-off Selisih nilai tukar 3.378 395 13.503 Foreign exchange difference Pembalikan karena divestasi DSAW - 611.388 - Reversal due to divestment of DSAW Saldo akhir 9.046.229 746.916 1.164.232 Ending balance Peny isihan kerugian penurunan nilai dilakukan untuk menutup kemungkinan kerugian adanya piutang y ang tidak tertagih. Pada tahun 2012, penambahan atas akun ini, sebagian besar dikarenakan penyisihan atas piutang pelanggan di Republik Arab Sy ria. The allowance for impairment losses is provided to cover the possible losses from uncollectible accounts. In 2012, the addition of the allowance for impairment losses is mostly due to the allowance for trade receivable of customer in Syrian Arab Republic. Berdasarkan hasil penelaahan kolektibilitas akun piutang pelanggan tertentu pada akhir tahun dan ev aluasi kolektif atas kemungkinan penurunan nilai piutang, manajemen Grup berpendapat bahwa peny isihan penurunan nilai piutang usaha cukup untuk menutup kemungkinan kerugian atas tidak tertagihny a piutang usaha. Based on a review of the collectibility of specific trade receivable accounts at end of the year and collective assessment of the possible impairment of trade receivables, the Group’s management is of the opinion that the allowance for impairment losses is adequate to cover possible losses from the non- collection of the accounts. Indonesian language. PT CITRA TUBINDO Tbk DAN ENTITAS AN AK CATATAN ATAS L APOR AN KEUANGAN KONSOLIDASIAN Tahun Yang Berakhir Pada Tanggal-tanggal 31 Desember 2012 dan 2011 Disajikan dalam dolar AS, kecuali dinyatakan lain PT CITRA TUBINDO Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2012 and 2011 Expressed in U.S. dollars, unless otherwise stated 48 5. PIUTANG USAH A lanjutan 5. TRADE RECEIVABLES continued Piutang usaha tertentu senilai Sin2.000.000 pada tanggal 31 Desember 2012 dijaminkan sehubungan dengan pinjaman bank jangka pendek dari PT Bank CIMB Niaga Tbk Catatan 12. Certain trade receivables amounting to Sin2,000,000 on December 31, 2012 are used as collateral for the short-term loan facility obtained from PT Bank CIMB Niaga Tbk Note 12.

6. TRANS AKSI D AN S ALDO DENGAN PIHAK- PIHAK BERELASI

6. TRANSACTIONS AND

ACCOUNTS WITH RELATED PARTIES Dalam kegiatan usaha normal, Grup melakukan transaksi dengan pihak-pihak berelasi, terutama y ang berhubungan dengan pembelian bahan baku dan bahan pembantu, subkontrak, roy alti, uang muka, penggunaan fasilitas serta penjualan produk dan jasa. The Group, in its regular conduct of business, has engaged in transactions with related parties principally consisting of purchases of raw materials and supplies, subcontract costs, royalties, advances, use of facilities and sales of products and services. Rincian saldo dan transaksi dengan pihak-pihak berelasi adalah sebagai berikut: The details of account balances and transactions with related parties are as follows: Persentase terhadap Jumlah Aset Liabilitas Jumlah Percentage to Total Assets Amount Liabilit ies 1 Januari 2011 1 Januari 2011 31 Desember 31 Desember 2010January 1, 2010January 1, 2011December 2011December 2012 2011

31, 2010 2012

2011 31, 2010 Piutang Usaha Catatan 5 Trade Receivables Note 5 Vallourec Manessmann Vallourec Manessmann Oil Gas France 5.311.931 676.075 - 1,9788 0,2759 - Oil Gas France Vallourec Sumitomo Tubos Vallourec Sumitomo Tubos Do Brasil Ltda 2.884.313 - - 1,0745 - - Do Brasil Ltda Aqua-terra Logistic Pte Ltd 1.419.701 2.426.131 1.228.059 0,5289 0,9902 0,4516 Aqua-terra Logistic Pte Ltd PT H-Tech Oilfield Equipment 775.379 2.149.767 773.783 0,2888 0,8774 0,2845 PT H-Tech Oilfield Equipment Vallourec Mannesmann Vallourec Mannesmann Deutschland Gmbh 765.000 153.450 - 0,2850 0,0626 - Deutschland Gmbh PT Citra Tubindo Engineering 650.553 206.860 - 0,2423 0,0844 - PT Citra Tubindo Engineering PT Dwi Sumber Arca Waja 503.057 413.042 - 0,1874 0,1686 - PT Dwi Sumber Arca Waja Vallourec Mannesmann Tubes Vallourec Mannesmann Tubes Asia Pacific Pte Ltd 109.339 - - 0,0407 - - Asia Pacific Pte Ltd Sin Soon Huat Corporation Ltd 37.332 36.253 401.672 0,0139 0,0148 0,1477 Sin Soon Huat Corporation Ltd PT AT Oceanic Offshore 782 56.160 181.791 0,0003 0,0229 0,0669 PT AT Oceanic Offshore Vam Drilling Middle East FZE - 1.108.150 - - 0,4523 - Vam Drilling Middle East FZE Lain-lain masing-masing di bawah AS100.000 142.407 199.097 69.905 0,0531 0,0812 0,0257 Others each below US100,000 Jumlah 12.599.794 7.424.985 2.655.210 4,6937 3,0303 0,9764 Total Piutang dari Pihak-pihak Berelasi Due from Related Parties PT Citra Tubindo Engineering 3.999.135 3.866.431 - 1,4898 1,5780 - PT Citra Tubindo Engineering PT Citra Agramasinti Nusantara 2.214.061 2.205.015 1.985 0,8248 0,8999 0,0007 PT Citra Agramasinti Nusantara PT Dwi Sumber Arca Waja 150.991 273 - 0,0562 0,0001 - PT Dwi Sumber Arca Waja PT H-Tech Oilfield Equipment 124.245 169.168 79.161 0,0463 0,0690 0,0291 PT H-Tech Oilfield Equipment Pinjaman direksi dan karyawan Loans to directors and key kunci manajemen 50.161 35.189 93.731 0,0187 0,0144 0,0345 management personnel Lain-lain masing-masing di bawah AS5.000 1.105 1.159 2.802 0,0004 0,0005 0,0010 Others each below US5,000 Jumlah 6.539.698 6.277.235 177.679 2,4362 2,5619 0,0653 Total Utang Usaha Catatan 13 Trade Payables Note 13 Vallourec Mannesmann France 28.941.556 27.826.853 1.133.563 23,0005 27,5667 0,7061 Vallourec Mannesmann France Vallourec Mannesmann Vallourec Mannesmann Deutschland Gmbh 18.529.822 12.220.396 1.282.341 14,7261 12,1062 0,7988 Deutschland Gmbh Aqua-terra Logistic Pte Ltd 786.917 1.547.615 888.652 0,6254 1,5331 0,5536 Aqua-terra Logistic Pte Ltd Vallourec Mannesmann Vallourec Mannesmann Oil Gas China Trading Co Ltd 723.401 - - 0,5749 - - Oil Gas China Trading Co Ltd PT Kabil Indonusa Estate 140.919 808.414 50.836 0,1120 0,8009 0,0317 PT Kabil Indonusa Estate PT Citra Tubindo Engineering 110.490 109.736 - 0,0878 0,1087 - PT Citra Tubindo Engineering Vallourec Mannesmann Vallourec Mannesmann Oil Gas France 101.589 142.824 438.705 0,0807 0,1415 0,2733 Oil Gas France Vam Far East P te Ltd 93.956 68.117 21.117 0,0747 0,0675 0,0132 Vam Far East P te Ltd PT AT Oceanic Offshore 49.604 395.891 327.841 0,0394 0,3922 0,2042 PT AT Oceanic Offshore PT Kabil Citranusa 49.588 172.654 14.886 0,0394 0,1710 0,0093 PT Kabil Citranusa PT H-Tech Oilfield Equipment 3.158 53.734 351.968 0,0025 0,0532 0,2193 PT H-Tech Oilfield Equipment Aqua-terra Global Pte Ltd 2.115 2.312 580.694 0,0017 0,0023 0,3617 Aqua-terra Global Pte Ltd Aquaterra Oilfield Equipment Service Aquaterra Oilfield Equipment Pte Ltd - 204.432 - - 0,2025 - Service Pte Ltd Vallourec Mannesmann Tubes Vallourec Mannesmann Tubes Asia Pacific Pte Ltd - - 36.338.586 - - 22,6370 Asia Pacific Pte Ltd Sin Soon Huat Corporation Ltd - - 5.167.000 - - 3,2187 Sin Soon Huat Corporation Ltd Sumitomo Corporation Sumitomo Corporation Asia Pte Ltd - - 2.138.551 - - 1,3322 Asia Pte Ltd