Aset Tetap Property, Plant and Equipment

PT Provident Agro Tbk • Laporan Tahunan 2016 Annual Report 188               These Consolidated Financial Statements are Originally Issued in Indonesian Language Ekshibit E30 Exhibit E30 PT PROVIDENT AGRO Tbk DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK TAHUN YANG BERAKHIR PADA 31 DESEMBER 2016 Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain PT PROVIDENT AGRO Tbk AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016 Expressed in thousands Rupiah, unless otherwise stated

2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN

Lanjutan

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Continued k. Sewa Pembiayaan k. Finance Leases Penentuan apakah suatu pengaturan mengandung suatu sewa, ditentukan berdasarkan substansi pengaturan dan penilaian apakah pemenuhan pengaturan tersebut bergantung pada penggunaan aset spesifik atau aset dan pengaturan tersebut memberikan hak untuk menggunakan aset. Determination whether an arrangement contains a lease, is made based on the substance of the arrangement and assessment of whether fulfillment of the arrangement is dependent on the use of a specific asset or assets and the arrangement conveys a right to use the assets. Apabila secara substantif seluruh manfaat dan risiko yang terkait dengan kepemilikan asset sewa telah dialihkan kepada Perusahaan dan entitas anaknya “sewa pembiayaan”, maka aset tersebut diperlakukan seolah-olah sebagai pembelian biasa. Jumlah sewa pembiayaan yang awalnya diakui sebagai aset, diukur mana yang lebih rendah antara nilai wajar properti dan nilai kini utang pembayaran sewa minimum selama masa sewa. Komitmen sewa disajikan sebagai liabilitas. Pembayaran sewa dianalisis antara modal dan bunga. Unsur bunga sewa diperhitungkan dan dibebankan di dalam laba rugi selama periode sewa sehingga mencerminkan proporsi tetap liabilitas sewa. Unsur modal mengurangi saldo lessor. Where substantially all of the risks and rewards incidental to ownership of a leased asset have been transferred to the Company and its subsidiaries a “finance lease”, the asset is treated as if it had been purchased outright. The amount initially recognized as an asset is the lower of the fair value of the leased property and the present value of the minimum lease payments payable over the term of the lease. The corresponding lease commitment is shown as a liability. Lease payments are analyzed between capital and interest. The interest element is charged to profit or loss over the period of the lease and is calculated so that it represents a constant proportion of the lease liability. The capital element reduces the balance owed to the lessor. Apabila secara substantif seluruh manfaat dan risiko terkait kepemilikan aset tidak dialihkan kepada Perusahaan dan entitas anaknya “sewa operasi”, maka total utang sewa dibebankan di dalam laba rugi dengan metode garis lurus selama masa sewa. Manfaat agregat insentif sewa diakui sebagai pengurang beban sewa selama masa sewa dengan basis garis lurus. Where substantially all of the risks and rewards incidental to ownership are not transferred to the Company and its subsidiaries an “operating lease”, the total rentals payable under the lease are charged to profit or loss on a straight-line basis over the lease term. The aggregate benefit of lease incentives is recognized as a reduction of the rental expense over the lease term on a straight- line basis. l. Program Iuran Pasti l. Defined Contribution Schemes Iuran untuk progam iuran pasti untuk program 30ension di bebankan pada laporan penghasilan komprehensif konsolidasian pada tahun dimana iuran tersebut terkait. Contributions to defined contribution pension schemes are charged to the consolidated statement of comprehensive income in the year to which they relate. PT Provident Agro Tbk • Laporan Tahunan 2016 Annual Report 189 These Consolidated Financial Statements are Originally Issued in Indonesian Language Ekshibit E31 Exhibit E31 PT PROVIDENT AGRO Tbk DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK TAHUN YANG BERAKHIR PADA 31 DESEMBER 2016 Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain PT PROVIDENT AGRO Tbk AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016 Expressed in thousands Rupiah, unless otherwise stated

2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN