25,457,040 Annual Report 2015 PT GMF AeroAsia

Analisis Kinerja Keuangan Analysis of Financial Performance KILAS KINERJA Performance Highlights PEMEGANG SAHAM DAN PEMANGKU KEPENTINGAN Report to Shareholders and Stakeholders Company Proile Business Suport Review MANAJEMEN Management Discussion and Analysis 164 Laporan Tahunan 2015 | Annual Report Graik Kas dan Setara Kas Tahun 2011-2015 USD Chart of Cash and Cash Equivalent in 2011-2015 USD Informasi lebih lanjut mengenai kas dan setara kas akan dibahas di sub bab selanjutnya yaitu Analisis Arus Kas pada Laporan Ini. Detailed information of cash and cash equivalent will be discussed in further sub-chapter; Analysis of Cash Flow in this annual report. Kas Dibatasi Penggunaannya Kas yang dibatasi penggunaannya terdiri dari komponen kas perusahaan yang digunakan sebagai jaminan atas pinjaman dari pihak berelasi. Kas dibatasi penggunaannya menurun 59.22 menjadi USD195,366 dibandingkan tahun 2014 sebesar USD479,072. Komposisi kas dibatasi penggunaannya berdasarkan mata uang terdiri dari mata uang Rupiah sebesar USD182,936 dan mata uang US Dollar sebesar USD12,430. Penurunan kas dibatasi penggunaannya terutama disebabkan oleh penurunan pinjaman bank yang mewajibkan adanya jaminan dalam bentuk kas. Cash limited by the user Cash limited by the users consist of corporate cash used as assurance of loans from related parties. Cash limited by the users decreased by 59.22 to USD195,366 compared to that in 2014 amounting to USD 479.072. Cash limited by the user is based on Rupiah currency amounting to USD 182.936 and US Dollar currency amounting to USD12.430. This decrease was mainly due to the decrease of trade loans which needed assuarance in cash as a must. 6,784,650 17,330,140 6,784,650 20,368,358 25,457,040 2011 2013 2012 2014 2015 Corporate Governance PERUSAHAAN Corporate Social Responsibility Audited Financial Statements ANNUAL REPORT AWARD 2015 Reference of 2015 Annual Report Award Criteria 165 Laporan Tahunan 2015 | Annual Report Piutang Usaha Perusahaan memiliki kebijakan pembayaran pelanggan Customer Remittance Policy untuk memastikan bahwa transaksi yang menghasilkan pendapatan dilakukan dengan pelanggan yang mempunyai catatan kredit yang baik, penentuan batasan kredit, syarat penjualan, batasan piutang dan penentuan pola pembayaran sesuai data perilaku pembayaran sebelumnya. Sebelum menerima pelanggan baru, Perusahaan akan menghitung penilaian pelanggan dengan mempertimbangkan aspek penagihan, penjualan dan bisnis di masa depan. Kemudian Perusahaan akan menentukan batasan nilai kredit masing-masing pelanggan sesuai hasil penilaian. Batasan nilai kredit pelanggan akan dievaluasi secara berkala. Piutang usaha meningkat 36.27 menjadi USD50,200,745 dibandingkan tahun 2014 sebesar USD36,837,964. Peningkatan piutang usaha terutama disebabkan oleh peningkatan piutang kepada pihak berelasi terutama disebabkan karena adanya peningkatan pekerjaan, sedangkan peningkatan piutang pihak ketiga dikarenakan meningkatnya jumlah pelanggan. Trade account receivable Corporate policy takes responsibility in paying Customer Remittance Policy to ensure transaction represents income done by customers who have good credits record, the determination of credit limit, limit of receivables, and determining the patern of payment in accordance with the regulation determined. Before confirming new customers, corporate considers billing aspects, selling and further business. Then, corporate determines the limit of receivables each based on possibility result. Corporate will evaluate customers’ limit of receivables periodically. Trade accounts receivable increased by 36.27 amounting to USD 50.200.745 compared to that in 2014 amounting to USD 36.837.964. This increase was mainly due to the increase of receivable from related parties which generated by the increase of employment, whereas the increase of receivable from third parties generated by the increase of the total of customers. Piutang Usaha tahun 2015 meningkat 36.27. The amount of trade account receivable increased by 36.27. 36.27 Analisis Kinerja Keuangan Analysis of Financial Performance KILAS KINERJA Performance Highlights PEMEGANG SAHAM DAN PEMANGKU KEPENTINGAN Report to Shareholders and Stakeholders Company Proi le Business Suport Review MANAJEMEN Management Discussion and Analysis 166 Laporan Tahunan 2015 | Annual Report Tabel Piutang Usaha Tahun 2011-2015 USD Table of Trade Accounts Receivable in 2011-2015 USD Grai k Piutang Usaha Tahun 2011-2015 USD Chart of Trade Accounts Receivable in 2011-2015 USD Pada tanggal 31 Desember 2015 dan 2014, konsentrasi atas risiko kredit dibatasi pada 3 pelanggan yang jumlah piutang melebihi 5 dari jumlah piutang secara keseluruhan. Manajemen beranggapan bahwa risiko kredit pelanggan tersebut adalah rendah dan menilai bahwa tidak terdapat perubahan kualitas kredit secara signii kan. On 31 December 2015 and 2014, the concentration of credits risk was limited by three customers with the total of Trade Credits Receivable above 5 from the total of whole trade credit receivables. Management considered that customer credits risk was low and no change in credits quality signii cantly. 32,448,133 36,690,333 44,686,329 36,837,964 50,200,745 2011 2013 2012 2014 2015 Uraian In detail 2011 2012 2013 2014 NaikTurun Change in 2015 Pihak Berelasi Related parties 14,589,128 24,813,724 22,958,518 24,151,626 26.66 30,589,597 Pihak Ketiga Third parties 17,859,005 19,872,605 13,731,815 12,686,338 54.58 19,611,148 Jumlah Piutang Usaha Total Trade Accounts Receivable 32,448,133 44,686,329 36,690,333 36,837,964

36.27 50,200,745

Corporate Governance PERUSAHAAN Corporate Social Responsibility Audited Financial Statements ANNUAL REPORT AWARD 2015 Reference of 2015 Annual Report Award Criteria 167 Laporan Tahunan 2015 | Annual Report Tabel Tagihan Bruto kepada Pelanggan Tahun 2011-2015 USD Chart of Gross Receivables from Customers in 2011-2015 USD Pada tanggal 31 Desember 2015, Perusahaan memiliki cadangan penurunan nilai atas piutang kepada pihak ketiga sebesar USD9,428,539 menurun 8 dari tahun 2014 sebesar USD10,008,428, hal ini disebabkan Perusahaan telah melakukan restrukturisasi piutang. Manajemen berpendapat bahwa cadangan penurunan nilai atas piutang kepada pihak ketiga adalah cukup. Manajemen juga berpendapat bahwa tidak terdapat risiko yang terkonsentrasi secara signii kan atas piutang kepada pihak ketiga. Tidak diadakan cadangan penurunan nilai kepada pihak berelasi karena manajemen berpendapat seluruh piutang tersebut dapat ditagih. On 31 December 2015, corporate gave allowance for impairment to third parties which decreased by 8 from USD 9.428.539 in 2014 amounting to USD 10.008.428. This was due to Trade Accounts Receivable restructurisation by corporate. Management believes that the allowance for impairment on Trade Accounts Receivable to third parties is enough. Management also believes that there is no risk concentrated on Trade Accounts Receivable signii cantly to third parties. So that, there is no allowance for impairement to related parties because management considers that the total of credits is collectible. Tagihan Bruto kepada Pelanggan Tagihan bruto kepada pelanggan merupakan kelebihan pendapatan atas penagihan dari jasa pemeliharaan dan perbaikan pesawat, dan jasa engineering lainnya. Tagihan bruto kepada pelanggan meningkat 69.19 menjadi USD50,546,412 dibandingkan tahun 2014 sebesar USD29,875,612. Peningkatan tagihan bruto kepada pelanggan terutama disebabkan oleh meningkatnya jumlah pekerjaan jasa yang diberikan pada akhir periode 2015. Gross Receivable From Customers Gross receivable from customers is income surplus from the cost of maintenance and repair of aircraft, and other engineering service. Gross receivables from customers increased by 69.19 amounting to USD 50.546.412 compared to that in 2014 amounting to USD 29.875.612. This increase of gross receivables from customers was due to the increase of the number of service workers by the end of 2015. Uraian In detail 2011 2012 2013 2014 NaikTurun Change in 2015 Pihak Berelasi Related parties 18,854,425 33,341,397 24,203,162 22,121,231 116,74 47,945,882 Pihak Ketiga Third parties 6,479,481 600,319 3,131,625 7,754,381 1,98 7,600,530 Jumlah Tagihan Bruto kepada Pelanggan The total of gross receivables from customers 25,333,906 33,941,716 27,334,787 29,875,612

69.19 50,546,412