CRITICAL ACCOUNTING ESTIMATES AND JUDGMENTS (Continued)

3. CRITICAL ACCOUNTING ESTIMATES AND JUDGMENTS (Continued)

Menentukan biaya pensiun dan liabilitas i mbalan k erja Determining e mployee b enefits costs and liabilities Penentuan biaya pensiun dan liabilitas imbalan kerja

Grup bergantung pada pemilihan asumsi yang digunakan oleh aktuaris independen dalam menghitung jumlah-jumlah tersebut. Asumsi tersebut termasuk antara lain, tingkat diskonto, tingkat kenaikan gaji tahunan, tingkat pengunduran diri karyawan tahunan, tingkat cacat, umur pensiun dan tingkat kematian. Hasil aktual yang berbeda dari asumsi yang ditetapkan Grup yang memiliki pengaruh lebih dari 10% imbalan pasti, diakui sebagai biaya dengan cara diamortisasi secara garis lurus selama rata-rata sisa masa kerja karyawan. Sementara Grup berkeyakinan bahwa asumsi tersebut adalah wajar dan sesuai, perbedaan signifikan pada hasil aktual atau perubahan signifikan dalam asumsi yang ditetapkan Grup dapat mempengaruhi secara material liabilitas diestimasi atas biaya dan liabilitas imbalan pasti pascakerja dan beban imbalan kerja bersih (Catatan 22).

The determination of the Group’s obligations and costs for employee benefits is dependent on its selection of certain assumptions used by the independent actuaries in calculating such amounts. Those assumptions include among others, discount rates, annual salary increase rate, annual employee turnover rate, disability rate, retirement age and mortality rate. Actual results that differ from the Group’s assumptions whose effects are more than 10% of the defined benefit obligations are deferred and amortized on a straight-line basis over the expected average remaining service years of the qualified employees. While the Group believes that its assumptions are reasonable and appropriate, significant differences in the Group’s actual results or significant changes in the Group’s assumptions May materially affect its post-employment benefit costs and liabilities (Note 22).

Mengevaluasi provisi dan kontinjensi Evaluating provisions and contingencies

Grup saat ini sedang terlibat dalam proses hukum dan The Group is currently involved in legal and tax pajak. Manajemen melakukan penilaian untuk

proceedings. The management exercises its judgment to membedakan antara provisi dan kontinjensi terutama

distinguish between provisions and contingencies mainly melalui konsultasi dengan penasehat hukum Grup yang

through consultation with the Group’s legal counsel menangani proses hukum dan pajak tersebut. Grup

handling those proceedings. The Group sets up mempersiapkan provisi yang sesuai untuk proses hukum

appropriate provisions for its present legal or saat ini atau kewajiban konstruktif, jika ada, sesuai

constructive obligations, if any, in accordance with its dengan kebijakan provisinya. Dalam pengakuan dan

policies on provisions. In recognizing and measuring pengukuran provisi, manajemen mengambil risiko dan

provisions, the management takes risk and uncertainty ketidakpastian.

into account.

Pada tanggal 30 September 2016 dan 31 Desember As of September 30, 2016 and December 31,2015, the 2015, Grup tidak yakin bahwa proses-proses tersebut

Group does not believe that those proceedings will have akan berpengaruh secara signifikan terhadap laporan

a significant adverse effect on its consolidated financial keuangan konsolidasian.

statements.

5. KAS DAN BANK

5. CASH AND BANKS

Kas Cash

Rupiah 520.610.658 560.540.207 Rupiah Dolar Am erika Serikat

112.307.792 Dolar Am erik a Serik at Sub-total

617.504.330 672.847.999 Sub -total

Bank - Rupiah Bank - Rupiah

PT Bank Central As ia Tbk 2.174.548.549 2.188.099.148 PT Bank Central Asia Tb k PT Bank Buana Indones ia

PT Bank Buana Indonesia PT Bank Mandiri (Pers ero) Tbk

PT Bank Mandiri (Persero) Tb k PT Bank Danam on Indones ia Tbk

112.746.190 PT Bank Danam on Indonesia Tb k PT Bank Negara Indones ia 46

PT Bank Negara Indonesia 46 (Pers ero) Tbk

(Persero) Tb k PT Bank Muam alat Indones ia Tbk

PT Bank Muam alat Indonesia Tb k PT Bank OCBC Indones ia

6.372.369 PT Bank OCBC Indonesia PT Bank Internas ional Indones ia Tbk

1.000.000 PT Bank Internasional Indonesia Tb k PT Bank Rakyat Indones ia

PT Bank Rak yat Indonesia (Pers ero) Tbk

1.127.665 (Persero) Tb k PT Bank Mega, Tbk

PT Bank Mega, Tb k PT Bank Artha Graha

1.140.000 PT Bank Artha Graha Sub-total

2.400.984.387 2.437.124.413 Sub -total

Bank - Dolar AS Bank - Dollar AS

PT Bank OCBC Indones ia

50.957.880 PT Bank OCBC Indonesia PT Bank Central As ia Tbk

PT Bank Central Asia Tb k PT Bank Mandiri (Pers ero) Tbk

PT Bank Mandiri (Persero) Tb k PT Bank Artha Graha

PT Bank Artha Graha Sub-total

Sub -total

Total 3.056.961.495 3.201.361.187 Total

6. PIUTANG USAHA

6. TRADE RECEIVABLES

Pihak Berelas i

Related Parties

Subtotal

1.024.456.120 Subtotal

Pihak Ketiga

Third Parties Penyis ihan penurunan nilai piutang

Provision for im pairm ent

Subtotal Total

Mutasi penyisihan kerugian penurunan nilai atas Movement of allowence for impairment losses for trade piutang usaha adalah sebagai berikut:

receivables were as follows:

Beginning b alance Penam bahan (pengurangan) penyis ihan

Saldo awal

Additional (less) provision penurunan nilai tahun berjalan

for im pairm ent the years

Saldo Akhir

Ending Balance

6. PIUTANG USAHA - lanjutan

6. TRADE RECEIVABLES – Continued Rincian jumlah piutang usaha menurut mata uang adalah

Detail of amount of the trade receivable based on the sebagai berikut :

currency consist of :

Rupiah 63.800.163.719 67.584.363.646 Rupiah

Total 63.800.163.719 67.584.363.646 Total

Jumlah piutang usaha berdasarkan saat jatuh temponya The accounts receivable amount based on the due date pada 30 September 2016 dan 31 Desember 2015

as of September 30, 2016 and December 31,2015 is as sebagai berikut:

Until 1 Month > 1 bulan s am pai 3 bulan

Sam pai dengan 1 bulan

> 1 Month to 3 Months > 3 bulan s am pai 6 bulan

> 3 Months to 6 Months > 6 bulan s am pai 1 tahun

> 6 Months to 1 Yeas > 1 tahun

Total 63.800.163.719 67.584.363.646 Total

Piutang usaha kepada pihak yang memiliki hubungan Trade receivables to related parties used the same term berelasi menggunakan syarat dan kondisi yang sama

and condition as trade receivables to third parties. The sebagaimana piutang usaha kepada pihak ketiga.

management believe that the allowance for impairment Manajemen berkeyakinan bahwa penyisihan kerugian

losses is adequate to cover possible losses form non- penurunan nilai piutang tersebut cukup untuk menutupi

collectibility of the trade receivable.

kemungkinan kerugian yang mungkin timbul dari tidak tertagihnya piutang tersebut.

Piutang usaha Entitas Anak per 30 September 2016 dan Receivable trade a Subsidiaries as of September 30,

31 Desember 2015 di jadikan jaminan atas fasilitas kredit 2016 and December 31,2015, is used as collateral for yang diperoleh dari PT Bank Muamalat Indonesia Tbk

facility of credit obtained from PT Bank Muamalat (lihat catatan 16).

Indonesia, Tbk (see note 16).

7. PIUTANG LAIN-LAIN

7. OTHERS RECEIVABLE

Pihak Berelas i

120.125.987 Related Parties

Subtotal

120.125.987 Subtotal

Pihak Ketiga 134.795.453.825 129.484.606.325 Third Parties Penyis ihan penurunan nilai piutang

(20.309.177.722) (18.109.177.722) Provision for im pairm ent

Subtotal 114.486.276.103 111.375.428.603 Subtotal Total

114.486.276.103 111.495.554.590 Total

Mutasi penyisihan kerugian penurunan nilai atas Movement of allowence for impairment losses for others piutang lain-lain adalah sebagai berikut:

receivables were as follows:

Saldo awal 18.109.177.722 13.639.344.754 Beginning b alance Penam bahan penyis ihan

Additional provision penurunan nilai tahun berjalan

2.200.000.000 4.469.832.968 for im pairm ent the years

Saldo Akhir 20.309.177.722 18.109.177.722 Ending Balance

7. PIUTANG LAIN-LAIN- lanjutan

7. OTHERS RECEIVABLE – Continued

Rincian jumlah piutang lain-lain menurut mata uang Detail of amount of the other receivable based on the adalah sebagai berikut :

currency consist of :

Rupiah 114.486.276.103 111.495.554.590 Rupiah

Total 114.486.276.103 111.495.554.590 Total

Jumlah piutang lain-lain berdasarkan saat jatuh The others receivable amount based on the due date as of temponya pada 30 September 2016 dan 31 Desember

September 30, 2016 and December 31,2015 are as follows: 2015 adalah sebagai berikut:

Sam pai dengan 1 bulan 5.310.847.500 7.081.130.000 Until 1 Month > 1 bulan s am pai 3 bulan

6.111.325.094 11.599.817.000 > 1 Month to 3 Months > 3 bulan s am pai 6 bulan

18.564.805.124 7.717.200.494 > 3 Months to 6 Months > 6 bulan s am pai 1 tahun

4.712.738.789 13.603.377.500 > 6 Months to 1 Yeas > 1 tahun

79.786.559.596 71.494.029.596 > 1 Years

Total 114.486.276.103 111.495.554.590 Total

Barang Dagangan 41.191.490.215 39.020.008.569 Mechandise inventories Penyis ihan penurunan nilai pers ediaan

(8.190.604.871) (7.129.257.023) Provision for im pairm ent

Total Persediaan Akhir 33.000.885.344 31.890.751.546 Total Inventories

Persediaan Entitas anak , PT Agis Electronic dan Entitas The Subsidiary’s inventories, PT Agis Electronic and Anak Perusahaan telah diasuransikan pada PT Asuransi

Subsidiaries have been insured to PT Asuransi MSIG MSIG Indonesia, PT Asuransi Indrapura dan

Indonesia, PT Asuransi Indrapura and PT Asuransi Wahana PT Asuransi Wahana Tata dengan nilai pertanggungan

Tata with insurance coverage each amoung to amoungting masing-masing sebesar

Rp4,521,133,780 and Rp 17,269,909,978. Insurance risk Rp17.269.909.978 . Risiko asuransi yang ditanggung

Rp4.521.133.780 dan

covered is all risk of physical loss and/or damage to the adalah semua kerugian atau kerusakan fisik yang

insured. Management believes that insurance coverage is diasuransikan. Manajemen berpendapat bahwa jumlah

adequate to cover any possibility risk from insured pertanggungan asuransi adalah cukup untuk menutup

inventories.

kemungkinan kerugian atas risiko yang mungkin dialami Grup.

Saldo awal 7.129.257.023 3.609.417.063 Beginning b alance Penam bahan penyis ihan

Additional provision penurunan nilai tahun berjalan

1.061.347.848 3.519.839.960 for im pairm ent the years

Saldo akhir 8.190.604.871 7.129.257.023 Ending balance

Berdasarkan hasil penelahaan terhadap kondisi Based on a review of the condition of inventories at the end persediaan pada akhir periode, manajemen Grup

of the period, the management of the Group believe that berpendapat bahwa penyisihan persediaan usang

the allowance for inventory obsolescence is adequate. adalah cukup.

9. UANG MUKA

9. ADVANCE

Inves tas i M2B

Investm ent in M2B Pem belian

Purchase Karyawan

Em ployee Lain-lain

10. BIAYA DIBAYAR DI MUKA

10. PREPAID EXPENSE

Rent Lain-lain

11. PIUTANG LAIN PIHAK BERELASI TIDAK LANCAR

11. OTHERS RECEIVABLES RELATED PARTIES NON- CURRENT

Fujian Xinjifu 16.894.434.328 16.894.434.328 Fujian Xinjifu Guangdong Machinery

27.090.110.680 27.090.110.680 Guangdong Machinery Firm ans yah Yus uf

Firm ansyah Yusuf Soem an Santos a

Soem an Santosa Arif Priyatna

Arif Priyatna

Total 46.663.604.159 46.663.604.159 Total

12. INVESTASI JANGKA PANJANG LAINNYA

12. OTHERS LONG TERM INVESTMENT

Em erald Star Investm ent Ltd Vas co Trading Ltd.

Em erald Star Inves tm ent Ltd

Vasco Trading Ltd.

Investasi dalam Medium Term Notes merupakan Investment in Medium Term Notes are investments in investasi yang dilakukan Entitas Anak PT Agis Electronic

Subsidiaries PT Agis Electronic (AE) and PT Agis Mitra (AE) dan PT Agis Mitra Mandiri (AMM).

Mandiri (AMM).

MTN Emeralds Star Investments Ltd

MTN Emeralds Star Investments Ltd

Emerald Star Investments Ltd berdasarkan Sertifikat Emerald Star Investments Ltd based on MTN Certificate No. MTN

025A/ESI-MTN/X/2014 amounting to Rp50,000,000,000, Rp.50.000.000.000, Sertifikat MTN No. 025B/ESI-

No.

025A/ESI-MTN/X/2014

senilai

MTN Certificate No025B/ESI-MTN/X/2014 amounting to MTN/X/2014 senilai Rp50.000.000.000, Sertifikat MTN

Rp50,000,000,000, MTN Certificate No025C/ESI- No. 025C/ESI-MTN/X/2014 senilai Rp50.000.000.000,

MTN/X/2014 amounting to Rp50,000,000,000, MTN Sertifikat MTN No. 025D/ESI-MTN/X/2014 senilai

Certificate No025D/ESI-MTN/X/2014 amounting to Rp50.000.000.000, Sertifikat MTN No. 025E/ESI-

Rp50,000,000,000, MTN Certificate No025E/ESI- MTN/X/2014 senilai Rp50.000.000.000 dan Sertifikat

MTN/X/2014 amounting to Rp50,000,000,000, MTN MTN

Certificate No025F/ESI-MTN/X/2014 amounting to Rp50.000.000.000 akan jatuh tempo tanggal 3 Oktober

No.

025F/ESI-MTN/X/2014

senilai

Rp50,000,000,000, will due to on October 3, 2016 with 2016 dengan tingkat bunga sebesar 1% pertahun.

interest 1% per years.

Emerald Star Investments Ltd berdasarkan Sertifikat Emerald Star Investments Ltd based on MTN Certificate No. MTN No.006/ESI-MTN/VII/2015 akan jatuh tempo pada

006/ESI-MTN/VII/2015 will due to on July 16, 2017

16 Juli 2017 nominal Rp20.333.500.000 dengan tingkat amounting to Rp20,333,500,000 with interest 1% per years. bunga sebesar 1% pertahun.

12. INVESTASI JANGKA PANJANG LAINNYA- lanjutan

12. OTHERS LONGTERM INVESTMENT– Continued MTN Vasco Trading Ltd

MTN Vasco Trading Ltd

Vasco Trading Ltd berdasarkan Sertifikat MTN No. 002- Vasco Trading Ltd based on MTN Certificate No. . 002- X/Vasco/MTN/X/2012 sebesar Rp. 57.027.000.000,

X/Vasco/MTN/X/2012 amounting to Rp. 57,027,000,000, that jatuh tempo tanggal 2 Oktober 2014 telah diperpanjang

was due to on October 2, 2014 has been extended until sampai dengan 3 Oktober 2016 dengan Sertifikat MTN

October 3, 2016 with MTN Certificate No. No030-X/Vasco/MTN/2014. Sementara itu Sertifikat MTN

030/X/Vasco/MTN/2014. Meanwhile MTN Certificate No. No. 031-X/Vasco/MTN/2014 sebesar Rp50.000.000.000,

031-X/Vasco/MTN/2014 amounting to Rp50,000,000,000, Sertifikat MTN No.032-X/Vasco/MTN/2014 sebesar

MTN Certificate No. 032-X/Vasco/MTN/2014 amounting to Rp50.000.000.000, Sertifikat MTN No.

Rp50,000,000,000, MTN Certificate No. 033- X/Vasco/MTN/2014

X/Vasco/MTN/2014 amounting to Rp50,000,000,000, MTN Sertifikat MTN No.034-X/Vasco/MTN/2014 sebesar

sebesar

Rp50.000.000.000,

Certificate No. 034-X/Vasco/MTN/2014 amounting to Rp50.000.000.000, Sertifikat MTN No.

Rp50,000,000,000, MTN Certificate No. 035- X/Vasco/MTN/2014 sebesar Rp50.000.000.000 dan

X/Vasco/MTN/2014 amounting to Rp50,000,000,000, MTN Sertifikat MTN No. 036-X/Vasco/MTN/2014 sebesar

Certificate No. 036-X/Vasco/MTN/2014 amounting to Rp50.000.000.000, akan jatuh tempo pada 3 Oktober

Rp50,000,000,000 will due to on October 3, 2016 with 2016 dan tingkat bunga 1 % pertahun.

interest 1% per years.

Vasco Trading Ltd berdasarkan Notice of Transfer No. L- Vasco Trading Ltd based on Notice of Transfer No. L-PST- PST-EHS-NAC-015-VII-12 tanggal 23 Juli 2012 dan

EHS-NAC-015-VII-12 dated July 23, 2012 and MTN Sertifikat MTN No. 001/VII/Vasco/MTN/2012 telah jatuh

Certificate No. 001/VII/Vasco/MTN/2012 was due to on July tempo pada 23 Juli 2013 dan telah diperpanjang dengan

23, 2013 , has been extended with MTN Certificate No. 004- Sertifikat MTN NO. 004-VII/Vasco/MTN/2013 dan 005-

VII Vasco/MTN/2013 and 005-VII/Vasco/MTN/2015 until July VII/Vasco/MTN/2015 sampai dengan 23 Juli 2017

23,2017 amounting to Rp.30,752,500,000 and l interest 1% dengan nominal Rp30.752.500.000 dan tingkat bunga

per years.

sebesar 1% pertahun.

13. ASET TETAP

13. FIXED ASSETS

Rincian dan mutasi aset tetap adalah sebagai berikut: Details and changes of fixed assets were as follows:

Pe nam bahan/

Pe nggurangan/

Re k las ifik as i/

September 30/

Addi ti ons

Di sposa l s

Recl a ssi fi ca ti on

Harga Pe role han Acqui si ti on Cost

Pemilikan Langsung Direct Ownership Tanah

Land Bangunan dan prasarana

5.999.646.877 Buildings and facilities Peralatan mesin dan perbaikan

Machinery equipment and repairment Kendaraan

4.925.676.247 Vehicle Inventaris kantor

2.730.025.959 Office equipment Subtotal

14.164.373.846 Total Sew a Pembiayaan

Finance Lease Kendaraan

Vehicle Selisih nilai aset tetap

Difference value of fixed assets Tanah

50.654.433.846 Tota l Ak um ulas i Pe nyus utan

Accumul a ted Depreci a ti on

Pemilikan Langsung Direct Ownership Bangunan dan prasarana

5.999.646.877 Buildings and facilities Peralatan mesin dan perbaikan

Machinery equipment and repairment Kendaraan

3.276.699.448 Vehicle Inventaris kantor

2.730.025.959 Office equipment Subtotal

12.176.660.467 Total Sew a Pembiayaan

Finance Lease Kendaraan

Vehicle Total

Nilai Te rcatat

38.389.206.171 Ca rr yi ng Va l ue

13. ASET TETAP (Lanjutan)

13. FIXED ASSETS (Continued)

Pe nam bahan/

Pe nggur angan/

Re k las ifik as i/

December 31,

Addi ti ons

Di sposa l s

Recl a ssi fi ca ti on

Har ga Pe role han Acqui si ti on Cost

Pemilikan Langsung Direct Ownership Tanah

Land Bangunan dan prasarana

(8.289.574.577) 5.999.646.877 Buildings and facilities Peralatan mesin dan perbaikan

Machinery equipment and repairment Kendaraan

4.925.676.247 Vehicle Inventaris kantor

2.730.025.959 Office equipment Subtotal

(13.224.458.769) (36.280.640.000) 14.164.373.846 Total Sew a Pembiayaan

Finance Lease Kendaraan

Vehicle Selisih nilai aset tetap

Difference value of fixed assets Tanah

50.654.433.846 Tota l Ak um ulas i Pe nyus utan

Accumul a ted Depreci a ti on

Pemilikan Langsung Direct Ownership Bangunan dan prasarana

5.999.646.877 Buildings and facilities Peralatan mesin dan perbaikan

Machinery equipment and repairment Kendaraan

2.537.848.011 Vehicle Inventaris kantor

2.730.025.959 Office equipment Subtotal

11.437.809.030 Total Sew a Pembiayaan

Finance Lease Kendaraan

Vehicle Total

Nilai Te rcatat

39.159.470.608 Ca rryi ng Va l ue

Grup telah menelaah nilai residu dan umur manfaat dari The Group has reviewed the residual value and useful aset tetap dan manajemen berkeyakinan bahwa estimasi

lives of fixed assets and the management believes the yang diterapkan saat ini sudah memadai.

existing estimates are appropriate. Perusahaan telah mengadakan perjanjian sewa

The Company have entered into finance lease pembiayaan untuk kendaraan (catatan 16).

agreements for vehicle (Note 16). Aset tetap Grup berupa kendaraan yang dimiliki telah

Vehicles owned by the Groups are covered by diasuransikan kepada PT Asuransi Wahana Tata dengan

insurances from PT Asuransi Wahana Tata with a total jumlah pertanggungan masing-masing sebesar

Rp2.329.745.000, respectively. Rp2.329.745.000. Risiko asuransi yang ditanggung

sum insured of

Insurance risk coverd are all risk of physical loss and/or adalah semua kerugian atau kerusakan fisik yang

damage. The management believes that sum of diasuransikan. Manajemen berpendapat bahwa nilai

insured is adequate to cover any possible risk on those pertanggungan tersebut cukup memadai untuk menutup

insured assets.

risiko kerugian atas aset yang dipertanggungkan.

14. ASET EKSPLORASI DAN EVALUASI

14. EXPLORATION AND EVALUATION ASSETS

Saldo awal 46.748.962.536 44.926.299.090 Beginning b alance Penam bahan

Saldo akhir 48.812.782.591 46.748.962.536 Ending balance

14. ASET EKSPLORASI DAN EVALUASI (Lanjutan)

14. EXPLORATION AND EVALUATION ASSETS (Continued)

Entitas Anak, telah menguasai 2 (dua) konsensi

A subsiadiary, has aquisition 2 (two) gold mining pertambangan emas yang telah memiliki Izin Usaha

concessions that already had a Mining Business Permit Penambangan (IUP) Eksplorasi di Sumatera Barat,

(IUP) Exploration in West Sumatera, Indonesia. Indonesia. Eksplorasi di lahan pertambangan tersebut

Exploration in the mining area has been carried out since sudah dilakukan sejak tahun 2010 setelah diperolehnya

2010 after obtaining exclusive rights. However, further hak ekslusif. Namun kegiatan eksplorasi lanjutan yang

comprehensive exploration activities are carried out by lebih komprehensif dilakukan oleh tim eksplorasi

the Company’s exploration . The Company’s exploration Perusahaan. Tim eksplorasi Perusahaan sepanjang

team during 2014 , reforms data tersut gold mining in the tahun 2014, melakukan pembaharuan data-data

region while doing outreach to the people living around pertambangan emas di kawasan tersebut sambil

the mining area in the preparation of the AMDAL in the melakukan sosialisasi kepada seluruh masyarakat yang

operation of advanced exploration and production tinggal di sekitar kawasan pertambangan dalam

operations.

persiapan AMDAL dalam operasi eksplorasi lanjutan dan operasi produksi.

15. ASET LAIN-LAIN

15.OTHERS ASSETS

Uang m uka inves tas i PT Savitrindo

Advance investm ent PT Savitrindo Hak lisens i

Lisence rights Depos it

Deposit Lain-lain

Total 10.320.773.164 11.220.773.164 Total

Deposit jaminan merupakan jaminan atas penyewaan Security Deposit represents the deposit of outlets rental, outlet-outlet, jaminan listrik dan telepon Perusahaan.

installation of electricity and telephone.. Pada bulan Maret 2007, Perusahaan membeli hak

In March 2007 the Company acquired licensing rights lisensi dari M2B Game world Pte Ltd untuk melakukan

from M2B Game World Pte Ltd to conduct business in usaha di Indonesia. Harga perolehan untuk hak lisensi

Indonesia. The acquisition cost for the license rights for tersebut sebesar USD 500.000. Pengunaan hak tersebut

USD 500,000. The use right is not limited, The Company tidak dibatasi. Perusahaan belum mengunakan hak

is not using this right for business purposes. tersebut untuk keperluan usaha.

16. UTANG BANK JANGKA PENDEK

16. SHORT-TERM BANK LOAN

PT Bank Muam alat Indonesia Tb k PT Mandiri Tunas Finance

PT Bank Muam alat Indones ia Tbk

PT Mandiri Tunas Finance PT BCA Finance

PT BCA Finance

16. UTANG BANK JANGKA PENDEK - (Lanjutan)

16. SHORT-TERM BANK LOAN – (Continued)

PT BANK MUAMALAT INDONESIA TBK PT BANK MUAMALAT INDONESIA TBK Entitas Anak, PT Agis Electronic memperoleh fasilitas

Subsidiary, PT Agis Electronic obtained loan facility from kredit secara musyarakah dari PT Bank Muamalat

PT Bank Muamalat Indonesia, Tbk based on deed No.87 Indonesia Tbk berdasarkan Akta No.87 tanggal 11 April

dated April 11, 2007 of Notary Arry Supratno S.H. The 2007 oleh Notaris Arry Supratno, S.H.,. Akta tersebut

Deed was changed, and the latest with Approval of tersebut telah diubah, terakhir berdasarkan Persetujuan

Changed of Agreement of Credit No.137 dated of June Perubahan Perjanjian Kredit No.137 tanggal 19 Juni

19, 2007. The credit agreement has been extended 2007. Perjanjian kredit telah diperpanjang berdasarkan

based on the Agreement of Extensoin of Principal Persetujuan Prinsip Perpanjangan Fasilitas Pembiayaan

Financing Facility A1 Musyarakah No.006/OL/BMI- A1 Musyarakah No.006/OL/BMI-KPO/REM/V/2011

KPO/REM/V/2011 until April 2012 and the latest based menjadi sampai April 2012 dan terakhir dengan Surat

on the Approval Principal Agreement Letter of Al Persetujuan Prinsip Penyelesaian Pembiayaan

Musyarakah Financing with submission collateral No . Al Musyarakah dengan mekanisme penyerahan agunan

009/BMI-REM/OL/XI/13 dated November 25, 2013. No 009/BMI-REM/OL/XI/13 tanggal 25 November 2013.

PT BANK MANDIRI (PERSERO) TBK PT BANK MANDIRI (PERSERO) TBK PT Artha Wahana Prakarsa, Entitas Asosiasi

PT Artha Wahana Prakarsa, an Associate obtained memperoleh fasilitas kredit modal kerja dari PT Bank

facility from PT Bank Mandiri (Persero) Tbk berdasarkan Akta No.52 tanggal

loan

working capital

Mandiri (Persero) Tbk, based on Deed No.52 dated

12 Oktober 2012 dan addendum I dengan Akta No. 40 October 12, 2012 and Addendum I based on Deed No. tanggal 9 Oktober 2013 oleh Notaris Ferry Susanto

40 dated October 9, 2013 of Notary Ferry Susanto Limbong,

S.H., maksimum fasilitas kredit Limbong,S.H.,with the maksimum of facility amounting to Rp.5.900.000.000. Jaminan atas fasilitas kredit ini adalah

Rp5,900,000,000. Credit collateral were Use Rights Sertifikat Hak Guna Bangunan No 996 dan 999 atas

Certificate No 996 and 999 in the name PT Artha nama PT Artha Wahana Prakarsa serta piutang usaha

Wahana Prakarsa, account receivables with cessie dengan cessie sebesar Rp4.000.000.000 dan

Rp4,000,000,000 and stock with notarial fiducia persediaan dengan fidusia notarial sebesar

Rp2,000,000,000. Bank loan to PT Bank Mandiri Rp2000.000.000. Utang Bank Mandiri telah dilunasi pada

(Persero) Tbk already repaid on November 6, 2015. tanggal 6 November 2015.

PT BCA FINANCE

PT BCA FINANCE

Perusahaan dan PT Muzio Multi Media, Entitas Asosiasi, The Company and PT Muzio Multi Media, an Associate, memperoleh fasilitas pembiayaan 2 (dua) kendaraan

obtained financing two (2) vehicles Vellfire from PT BCA Vellfire dari PT BCA Finance dengan jangka waktu

Finance for the period until January 2, 2016 and August sampai 2 Januari 2016 dan 2 Agustus 2015.

2, 2015. The Company has paid financing on February 4, Perusahaan telah melunasi 1 pembiayaan kendaraan

2014 amounting Rp380,738,182.

pada tanggal 4 Februari 2014 sebesar Rp380.738.182. PT MANDIRI TUNAS FINANCE

PT MANDIRI TUNAS FINANCE

Perusahaan memperoleh fasilitas pembiayaan 2 (dua) The Company, obtained financing two (2) vehicles kendaraan Daihatsu GrandMax Van Blind dan

Daihatsu GandMax Van Blind dan GrandMax PU- GrandMax PU-1.3.Way dari PT Mandiri Tunas Finance

1.3.Way from PT mandiri Tunas Finance for the period dengan jangka waktu sampai 13 Mei 2017 dan 2 Mei

until May 13, 2017 and May 2 2017. 2017.

17. UTANG USAHA

17. TRADE PAYABLES

Pihak Ketiga 7.879.441.486 5.348.344.681 Third Parties

Total 7.879.441.486 5.348.344.681 Total

Perusahaan tidak memberikan jaminan terhadap The Company does not provide any guarantee for the pembayaran utang Entitas Anak kepada pemasok.

payment of Subsidiaries’ payables to suppliers. Jumlah utang usaha berdasarkan saat jatuh temponya

The accounts payables amount based on the due date pada 30 September 2016 dan 31 Desember 2015 adalah

as of September 30, 2016 and December 31,2015 is as sebagai berikut:

> 3 bulan s am pai 6 bulan 7.879.441.486 5.348.344.681 > 3 Months to 6 Months > 1 tahun

> 1 Years

Total 7.879.441.486 5.348.344.681 Total

18. UTANG LAIN-LAIN

18. OTHER PAYABLES

Pihak Berelas i

Related Parties Pihak Ketiga

Third Parties

Jumlah utang lain-lain berdasarkan saat jatuh temponya The accounts others payable amount based on the due pada 30 September 2016 dan 31 Desember 2015 adalah

date as of September 30, 2016 and December 31,2015 sebagai berikut:

are as follows:

> 6 bulan s am pai 1 tahun

> 6 Months to 1 Yeas > 1 tahun

Perusahaan tidak memberikan jaminan terhadap The Company does not provide any guarantee for the pembayaran utang Entitas Anak kepada pemasok.

payment of Subsidiaries’ payables to suppliers.

19. PERPAJAKAN

19. TAXATION

a. Pajak dibayar dimuka a. Prepaid taxes

PPn Mas ukan

Incom e tax article 23 PPh pas al 22

Incom e tax article 22 PPh pas al 25

Incom e tax article 25

19. PERPAJAKAN - (Lanjutan)

19. TAXATION – (Continued)

b. Utang pajak

b. Taxes payables

PPn Keluaran

Incom e rax article 21 PPh pas al 22

Incom e rax article 22 PPh pas al 23 dan 26

Incom e rax article 23 and 26 PPh pas al 29

Incom e rax article 29 PPh pas al 4 (2)

Incom e rax article 4 (2) Pajak final

Final tax

c. Pajak Penghasilan

c. Income Tax

Manfaat (Beban) pajak Grup adalah sebagai berikut : Tax benefit (Expense) of the Group is as follows:

Pajak tangguhan: Deferred tax:

Perus ahaan

(3.462.800.542) Com pany Entitas Anak

3.957.777.997 Sub sidiaries Sub-total

Sub -total

Total Manfaat (Beban) Total Income Tax Benefit Pajak Penghasilan

(Expense)

Rekonsiliasi antara laba (rugi) Perusahaan sebelum The following calculation presents the reconciliation manfaat (beban) pajak dan estimasi laba (rugi) fiskal

between income (loss) before income tax benefit untuk periode dan tahun yang berakhir pada tanggal

(expense) and estimated fiscal income (loss) for the

30 September 2016 dan 31 Desember 2015 periods and years ended September 30, 2016 and berdasarkan laporan laba rugi komprehensif

December 31,2015, based on the consolidated konsolidasian dalam mata uang Rupiah adalah

statements of comprehensive income in Rupiah : sebagai berikut:

Laba (rugi) sebelum m anfaat (beban)

Income (loss) before

pajak penghas ilan m enurut incom e tax b enefit (expense) per laporan laba rugi kom prehensif

consolidated statem ents of kons olidasian

(10.868.655.562) (24.093.389.302) com prehensive incom e Dikurangi (laba) rugi s ebelum m anfaat (beban)

Less (income) loss of Subsidiaries

4.311.548.467 b efore incom e tax b enefit (expense) Laba (rugi) perusahaan sebelum

pajak penghasilan Entitas Anak

Incom e (loss) b efore beban pajak penghas ilan

(10.138.636.458) (19.781.840.835) incom e tax expenses

Beda tetap Permanent difference

Biaya pajak

Taxes expense Pendapatan bunga

Interest expense Laba (rugi) dari bagian entitas anak

4.155.730.441 9.513.551.619 Incom e (loss) from sub siadies Sum bangan

Donation Subtotal

4.016.263.212 9.966.110.647 Sub -total

Beda temporer Temporary difference

Penyus utan dan penjualan as et tetap

Depreciation and sales of fixed assets Pem ulihan penurunan nilai piutang

Recoverage of im pairm ent dan pers ediaan

(3.976.385.906) (2.073.309.431) receivab les and inventories Im balan kerja

(261.495.758) Em ployee b enefits Subtotal

(3.976.385.906) (2.334.805.189) Sub -total Total

7.631.305.458 Total Taks iran rugi fis kal tahun berjalan

(10.098.759.152) (12.150.535.377) Estim ated fiscal loss for the year Kom pensas i rugi fis kal

Fiscal loss carried forward - awal tahun

(65.135.761.374) (64.323.623.607) - b eginning of the year - daluars a

11.760.885.831 11.338.397.610 Expired

Taksiran Rugi Fiskal - Estimated Fiscal Loss - Akhir periode

(63.473.634.695) (65.135.761.374) End of the Period

19. PERPAJAKAN - (Lanjutan)

19. TAXATION – (Continued)

d. Pajak Tangguhan

d. Deferred Tax

Mutasi aset (liabilitas) pajak tangguhan – bersih dan Movement of deferred tax assets (liabilities) nett and Mutasi aset (liabilitas) pajak tangguhan – bersih dan Movement of deferred tax assets (liabilities) nett and

2016 and December 31,2015 was as follow : sebagai berikut :

Dibe bank an pada

Dibe bank an pada

Laporan

Laporan

Laba Rugi

Laba Rugi

Kom pre he ns if

Kom pre he ns if

Kons olidas ian/

Kons olidas ian/

Cha r ged to

Saldo

Charge d to

Saldo

Saldo

Consol i da ted

31 De s e m be r/

Consol i da ted

30 Se pte m be r /

1 Januari/

Sta tements of

Ba l a nce a s of

Sta tements of

Ba l a nce a s of

Ba la nce a s of

Comprehensi ve

December 31,

Compr ehensi ve

September 30,

Ja nua r y 1, 2015

Pe rus ahaan The Compa ny

Aset pajak tangguhan Deferred tax assets Rugi fiskal

16.283.940.344 Accumulated fiscal loss Manfaat imbalan kerja

332.425.508 Employee benefits Penyisihan penurunan nilai

Allowance impairment piutang

1.682.430.955 receivables Penyisihan penurunan nilai

Allowance impairment persediaan

599.715.511 inventories Penyusutan aset tetap

- Depreciation of fixed assets

As e t pajak tangguhan Defer red ta x a ssets of Pe rus ahaan

18.898.512.318 the Compa ny Entitas Anak

Subsi dia ry

Aset pajak tangguhan - bersih

24.216.557.298 Deferred tax assets - net

43.115.069.616 Tota l

Manajemen berkeyakinan bahwa penghasilan pajak Management believes that sufficient taxable income untuk aset pajak tangguhan direalisasikan pada

will be available in future periods to recover deferred periode mendatang.

tax assets.

Berikut ringkasan pemeriksaan pajak signifikan yang The following are the summary of the significant tax diterima oleh Grup :

assessment received by the Group : Pada November 2009, PT Artha Centra Graha,

On November 2009, PT Artha Centra Graha, an Entitas Asosiasi menerima beberapa Surat Ketetapan

Associate received several Tax Assessment Letter Pajak Kurang Bayar (SKPKB) antara lain sebesar

for Underpayment (SKPKB) which consist of Rp3,720,895,302 untuk PPh Badan, Rp 233,584,637

Rp3,720,895,302 for Corporate Income Tax, untuk PPh pasal 4 ayat 2, Rp 1,007,400,000 untuk

Rp233,584,637 for Income tax article 4 (2), PPh 23 serta Rp 1,388,018,369 untuk PPN.

Rp1,007,400,000 for Income tax art 23 and Rp1,388,018,369 for Value Added Tax.

Pada 18 November 2013, PT WOW TV, Entitas On November 18, 2013, PT WOW TV, an Associate, Asosiasi menerima putusan pengadilan pajak dengan

decisions no. no.putusan

and 48138/PP/M.XVI/16/2013 mengenai tidak dapat

48137/PP/M.XI/13/2013

dan

48137/PP/M.XI/13/2013

48138/PP/M.XVI/16/2013 about the unacceptability diterimanya banding atas Surat Ketetapan Pajak

of an appeal against The Tax Assessment Letter for Kurang Bayar Pajak Penghasilan Badan masa pajak

Income Tax period January- Januari – Desember 2005 sebesar Rp15.345.633.524

Underpayment

December 2005 amounted to Rp15.345.633.524 and dan atas Surat Ketetapan Pajak Kurang Bayar Pajak

no. 48419/PP/M.XI/13/2013 against The Tax Pertambahan Nilai masa pajak Januari – Desember

Assessment Letter for Underpayment value Added 2005 sebesar Rp4.660.218.749.

Tax January-December

2007 amounted to

Rp5,475,859,200.

Pada 29 November 2013, Perusahaan menerima On November 29, 2013, The Company received tax putusan pengadilan pajak dengan no.putusan

court decisions no. 48418/PP/M.XI/13/2013 and no. 48418/PP/M.XI/13/2013

48419/PP/M.XI/13/2013 about the unacceptability of 48419/PP/M.XI/13/2013 mengenai tidak dapat

dan

no.putusan

an appeal against The Tax Assessment Letter for diterimanya banding atas Surat Ketetapan Pajak

Underpayment Income Tax Article 26 period 2007 Kurang Bayar Pajak Penghasilan Pasal 26 masa

amounted to Rp15,967,436,800 and Value Added pajak 2007 sebesar Rp15.967.436.800 dan Pajak

Tax amounted to Rp5,475,859,200. Pertambahan Nilai sebesar Rp5.475.859.200.

Pada 10 Maret 2014, PT Agis Electronic, Entitas On March 10, 2014, PT Agis Electronic, a Subsidiary Anak menerima putusan pengadilan pajak dengan

decisions no. no.putusan 50513/PP/M.XIA/99/2014 mengenai tidak

50513/PP/M.XIA/99/2014 about the unacceptability dapat diterimanya banding atas Surat Ketetapan

of an appeal against The Tax Assessment Letter for Pajak Kurang Bayar Pajak Pertambahan Nilai tahun

Underpayment value Added Tax 2002 amounted to 2002 sebesar Rp6.195.746.939

Rp6,195,746,939.

20. BIAYA YANG MASIH HARUS DIBAYAR

20. ACCRUED EXPENSES

VAT Out Jas a profes i

Professional fee Sewa gedung

Building rent Kas kecil

Petty cash Gaji dan tunjangan

Salaries and allowance

21. PENDAPATAN DITERIMA DI MUKA

21. UNEARNED REVENUE

Uang m uka penjualan pelanggan Advance from custom ers dan jas a s ervis

and services

22. KEWAJIBAN IMBALAN KERJA

22. EMPLOYEE BENEFIT OBLIGATIONS Perusahaan mengakui kewajiban imbalan kerja sesuai

The Company recognizes obligation for employee dengan peraturan ketenagakerjaan yang berlaku.

benefits in accordance with applicable labor laws. Work Kewajiban diestimasi atas imbalan Kerja Perusahaan per

estimated liability for the Company as of March 31, 2016

30 September 2016 dan 31 Desember 2015 dihitung and December 31,2015 in Count by management and oleh manajemen berdasarkan asumsi aktuaris

PT. Sakura Aktualita Indonesia, through an independent independen dan PT. Sakura Aktualita Indonesia, aktuaris

actuary report dated March 10, 2016. independen melalui laporannya tanggal 10 Maret 2016.

Manajemen berkeyakinan bahwa estimasi atas uang Management believes that the estimates of the money jasa tersebut telah memadai untuk Liabilitas imbalan

has been adequate services for employee benefit kerja.

obligations.

30 September 2016 dan 31 Desember 2015 / September 30, 2016 and December 31, 2015

Tingkat dis konto

Discount rate Tingkat kenaikan gaji

5% per tahun / 5% per annum

Salary growth rate Tingkat m ortalitas

5% per tahun / 5% per annum

Mortality rate Um ur pens iun norm al

100% CS0080 / 100% CS0080

Norm al retirem ent age Tingkat kem ungkinan cacat

55 tahun / 55 years

Disab ility Tingkat pengunduran diri

5% s am pai dengan um ur 40 / 5% up to age 40, decreasing

Resignation rate

tahun dan m enurun s ecara

linearly to 0% at age 45

linear s am pai 0% pada us ia 45 tahun

Propors i pengem balian

Proportion of norm al pens ion norm al m etode

Projected unit credit

pension rate m ethod

22. KEWAJIBAN IMBALAN KERJA (Lanjutan)

22. EMPLOYEE BENEFIT OBLIGATIONS (Continued)

a. Beban imbalan pasca-kerja

a. Post –employment benefits

Biaya jas a kini

285.596.740 Current service cost Biaya bunga

173.858.851 Interest cost

Total

459.455.591 Total

b. Liabilitas imbalan kerja jangka panjang b.Long-term employee benefits liability

Nilai kini kewajiban 3.756.345.433 3.756.345.433 Present value of ob ligation

Total 3.756.345.433 3.756.345.433 Total

Perubahan liabilitas imbalan kerja jangka panjang Changes in long-term employee benefits liability during selama tahun berjalan adalah sebagai berikut :

the year are as follows:

Saldo awal tahun 3.756.345.435 3.041.437.904 Beginning of the year Beban im balan pas ca-kerja

459.455.591 Post em ploym ent b enefits Pem bayaran

Benefits paym ent Beban pada OCI

255.451.940 Actuarial gain

Saldo akhir tahun 3.756.345.435 3.756.345.435 Ending balance of the year

Kerugian (keuntungan) aktuarial kumulatif yang diakui The cumulative actuarial losses (gains) recognized in dalam penghasilan komprehensif lain adalah sebagai

other comprehensive income are as follows: berikut:

Keuntungan (kerugian) Actuarial gain (loss) consolidated tahun berjalan kons olidas ian

(255.451.940) during the year Keuntungan (kerugian) Entitas Anak

255.451.940 Actuarial gain (loss) sub sidiaries Keuntungan (kerugian) aktuarial

Actuarial gain (loss) Saldo awal tahun

3.526.897.020 3.526.897.020 Beginning of the year

Saldo akhir tahun 3.526.897.020 3.526.897.020 Ending balance of the year

23. UTANG INVESTASI

23. INVESTMENT LOAN

Liabilitas inves tas i 13.100.000.000 13.100.000.000 Investm ent loan

Total 13.100.000.000 13.100.000.000 Total

Jumlah tersebut merupakan pinjaman yang diterima This amount represents a loan the Company received perusahaan dari GEM Global Yield Fund Limited, tanpa

from GEM Global Yield Fund Limited, with no interest bunga dan akan dikonversi menjadi saham. Atas kredit

and will be converted into shares. On loans, the tersebut Perusahaan diwajibkan menerbitkan waran

Company issued warrants are required as many as sebanyak 500.000.000 lembar kepada GEM dengan

500.000.000 shares on GEM with an exercise price of harga pelaksanaan Rp.125,- ( Lihat catatan 35d, 35e

Rp125, - (See note 35d, 35e and 36). dan 36).

24. MODAL SAHAM

24. CAPITAL STOCK

Komposisi Pemegang saham pada tanggal The composition pf Shareholders on September 30,

30 September 2016 dan 31 Desember 2015 berdasarkan 2016 and December 31,2015 based in the report from laporan yang telah diadminitrasikan oleh Biro Adminitrasi

PT Bhakti Share Register (BSR Indonesia) as its Share Efek (BAE) PT. Bhakti Share Register (BSR Indonesia)

Registration are as follows : Registration are as follows :

30 September 2016 / 'September 30, 2016 Jumlah Saham

Persentase

Ditempatkan dan

Kepemilikan/

Disetor/

Percentage of

Number of Issued

Ownership

Pemegang Saham

and Paid Shares

59.072.380.400 Nomura International PLC PT ASABRI (Persero)

Nomura International PLC

57.980.340.000 PT ASABRI (Persero) Mas yarakat (m as ing-m as ing dibawah 5%)

983.364.029.000 Pub lic (each b elow 5% )

31 Dersember 2015 / 'December 31, 2015 Jumlah Saham

Persentase

Ditempatkan dan

Kepemilikan/

Disetor/

Percentage of

Number of Issued

Ownership

Pemegang Saham

and Paid Shares

Credit Suis s e Securities Credit Suisse Securities (Europe) Lim ited

101.016.900.000 (Europe) Lim ited PT Pratam a Duta Sentos a

60.895.600.000 PT Pratam a Duta Sentosa PT ASABRI (Pers ero)

69.573.960.000 PT ASABRI (Persero) Mas yarakat (m as ing-m as ing dibawah 5%)

868.930.289.400 Pub lic (each b elow 5% )

Berdasarkan Akta Berita Acara No.16 tanggal 25 Juli Based on the Deed No. 16 dated July 25, 2008 of 2008 dari Notaris Edwar, S.H, notaris di Jakarta dan

Edwar, S.H., notary in Jakarta and PKR Deed No.18 Akta PKR No. 18 tanggal 30 September 2008 dengan

dated September 30, 2008 of Notary Edwar, S.H., notary Notaris Edwar, S.H., notaris di Jakarta dan telah

in Jakarta and was approved by The Minister of Justice disahkan oleh Menteri Kehakiman Republik Indonesia

of the Republic of Indonesia dated September 25, 2008 tanggal 25 September 2008 No. AHU-AH.01.10-

No. AHU-AH.01.10-22164.year 2008, the authorized 22164.tahun 2008, modal dasar perusahaan menjadi

capital of the Company into 6,771,459,120 shares with a 6.771.459.120 lembar saham dengan nilai

value Rp.1,342,291,824,000. Of this amount issued fully Rp.1.342.291.824.000. Dari jumlah tersebut ditempatkan

paid as much as 5,501,249,976. shares or equivalent disetor penuh sebanyak 5.501.249.976. saham atau

Rp.1,100,249,995,200.

senilai Rp.1.100.249.995.200.

25. TAMBAHAN MODAL DISETOR (DISAGIO ATAS

25. ADDITIONAL PAID-IN CAPITAL (DISCOUNT ON MODAL SAHAM)

SHARE CAPITAL)

Agio s aham Penawaran um um perdana tahun 1994

3.500.000.000 3.500.000.000 Initial pub lic stock offering 1994 Penam bahan agio dari dividen saham

Additional paid in capital from stock tahun 1997

1.342.600.000 1.342.600.000 dividend 1997 Penawaran terbatas I tahun 1997

Lim ited pub lic offering I 1997 Penawaran terbatas II tahun 2001

Lim ited pub lic offering II 2001 Penawaran terbatas III tahun 2008

5.129.833.622 5.129.833.622 Lim ited pub lic offering III 2008

Biaya penerbitan s aham Penawaran um um perdana tahun 1994

1.558.063.488 1.558.063.488 Initial pub lic stock offering 1994 Penawaran terbatas I tahun 1997

2.811.183.975 2.811.183.975 Lim ited pub lic offering I 1997 Penawaran terbatas II tahun 2001

5.603.186.159 5.603.186.159 Lim ited pub lic offering II 2001 Penawaran terbatas III tahun 2008

2.196.887.005 2.196.887.005 Lim ited pub lic offering III 2008

Total agio saham (2.196.887.005) (2.196.887.005) Total agio saham

26. KOMPONEN EKUITAS LAINNYA

26. OTHERS COMPONENT OF EQUITY Komponen ekuitas lainnya merupakan pencatatan

Other components of equity is a recording of the Perusahaan atas penurunan nilai ekuitas pada entitas

Company for impairment of equity in subsidiaries, anak yaitu di PT Agis Mitra Mandiri dan PT Agis

PT Agis Mitra Mandiri and PT Agis Electronic, as Electronic, sebagai Selisih transaksi perubahan ekuitas

Difference arising from changes in equity of subsidiaries. entitas anak.

Komponen ekuitas lainnya merupakan pencatatan Other components of equity is a recording of the Perusahaan atas penurunan nilai ekuitas pada entitas

Company for impairment of equity in subsidiaries, anak yaitu di PT Agis Mitra Mandiri dan PT Agis

PT Agis Mitra Mandiri and PT Agis Electronic, as Electronic, sebagai Selisih transaksi perubahan ekuitas

Difference arising from changes in equity of subsidiaries. entitas anak.

Selis ih trans aks i perubahan Difference arising from changes in ekuitas entitas anak Perus ahaan

(116.511.974.857) (116.511.974.857) equity of sub sidiaries

Total (116.511.974.857) (116.511.974.857) Total

Jumlah tersebut merupakan penurunan nilai investasi The amount represents the decrease of investment in dalam saham Entitas Anak perusahaan, yang

shares of a Subsidiary, which was due to the change in dikarenakan terjadinya perubahan dalam ekuitas Entitas

equity of Subsidiaries because the Company adopted Anak perusahaan karena menerapkan PSAK No. 50

SFAS No. 50 (Revised 2006) and SFAS No. 55 (Revised (Revisi 2006) dan PSAK No. 55 (Revisi 2006) secara

2006) prospectively from January 1, 2010. prospektif sejak tanggal 1 Januari 2010.

Dampak transisi atas penerapan PSAK No. 50 (Revisi Impact of transition on the application of SFAS No. 50 2006) dan PSAK No. 55 (Revisi 2006) terhadap saldo

(Revised 2006) and SFAS No. 55 (Revised 2006) to the awal laporan posisi keuangan Entitas Anak perusahaan

beginning statements of financial statement of the pada tanggal 1 Januari 2010 adalah sebagai berikut:

Company Subsidiaries as at 1 January 2010 is as follows:

26. KOMPONEN EKUITAS LAINNYA

26. OTHERS COMPONENT OF EQUITY

Nilai dilaporkan/

Penyesuaian/

Nilai disesuaikan/

Reported value

Adjustment

Adjusted value

PT Agis Electronic PT Agis Electronic

Inves tas i MTN Grand Res ources 357,027,000,000 (49,327,266,852) 307,699,733,148 Investm ent MTN Grand R esources

PT Agis Mitra Mandiri PT Agis Mitra Mandiri

Investm ent MTN BBC Inves tas i MTN New As ia

Inves tas i MTN BBC

155,489,500,000 (19,150,113,076) 136,339,386,924 Investm ent MTN N ew Asia Inves tas i MTN Orion

25,826,000,000 (3,371,811,386) 22,454,188,614 Investm ent MTN Orion Inves tas i MTN Grand Res ources

326,278,000,000 (45,096,247,233) 281,181,752,767 Investm ent MTN Grand R esources

Total 864,975,000,000 (116,984,771,081) 747,990,228,919 Total

Penurunan nilai inves tas i dalam s aham s ebagai berikut : Declining of investm ent in share as follows :

Nilai dilaporkan/

% kepemilikan/ %

Nilai disesuaikan/

Reported value

ownership

Adjusted value

Inves tas i MTN PT Agis Electronic

(48,854,470,628) Investm ent MTN PT Agis Electronic Inves tas i MTN PT Agis Mitra Mandiri

(67,657,504,229) Investm ent MTN PT Agis Mitra Mandiri

Total (116,984,771,081) (116,511,974,857) Total

27. KEPENTINGAN NONPENGENDALI

27. NON-CONTROLLING INTERESTS

Kepentingan nonpengendali atas laba (rugi) bersih Non-controlling interest in total comprehensive income Entitas Anak yang dikonsolidasi

(loss) of consolidated subsidiaries

Saldo awal

Beginning b alance Fujian Xinjifu

Fujian Xinjifu Enterpris es Group Co.,Ltd

Enterprises Group Co.,Ltd Lain-lain

Saldo akhir

Ending balance

28. PENJUALAN DAN PENDAPATAN

28. SALES AND REVENUES

Sales m erchandise Jas a perbaikan elektronik dan lainnya

Penjualan barang dagangan

Service electricity and others Retur dan potongan penjualan

Return sales and discount

29. HARGA POKOK PENJUALAN

29. COST OF SALES

Harga pokok penjualan barang 31.345.850.299 26.084.792.299 Cost of sales Harga pokok jas a perbaikan dan lainnya

9.317.067.981 18.686.875.243 Cost of service and others

Total 40.662.918.280 44.771.667.542 Total

30. BEBAN USAHA

30. OPERATING EXPENSES

Beban penjualan : Selling expenses : Gaji dan kes ejahteraan

1.642.690.600 Salaries and em ployee welfare Sewa

427.215.871 Rent Utilitas

1.089.466.338 264.501.550 Utilities Perbaikan dan pem eliharaan

140.379.110 Repairs and m aintenance Penyus utan as et tetap

173.179.289 Depreciation of fixed assets Trans portas i dan perjalanan dinas

310.234.204 Transportation and b usiness travel Iklan dan prom os i

125.168.407 Prom otion and advertising Lain-lain

Total 4.878.594.207 3.083.369.031 Total

Beban um um dan adm inis tras i : General and adm inistrative expense : Gaji dan kes ejahteraan

2.160.283.321 4.124.918.545 Salaries and em ployee welfare Penyus utan as et tetap

691.201.612 Depreciation of fixed assets Utilitas

675.218.965 Utilities Operas ional kantor dan kons ultan

363.618.984 Operating office and consultants Sewa

1.298.612.673 1.442.210.138 Rent Im balan pas ca kerja

224.000.000 Post em ployee b enefits Perlengkapan kantor

554.032.791 Office supplies Pajak dan perijinan

32.177.184 Tax and perm its Trans portas i dan perjalanan dinas

417.425.135 Transportation and b usiness travel Sum bangan

22.146.975 Donation Perbaikan dan pem eliharaan

34.888.776 Retrib ution Lain-lain

351.216.380 Repair and m aintenance

Total 6.052.506.293 8.933.055.485 Total

31. PENDAPATAN (BEBAN) LAIN-LAIN

31. OTHERS INCOME (EXPENSES)

Pendapatan lain-lain bers ih : Selling expenses nett: Pendapatan bunga inves tas i dan

Interest incom e on investm ent and penurunan nilai inves tas i bers ih

(2.276.111.844) 1.728.373.916 im pairm ent of investm ent - nett Keuntungan penjualan as et

57.603.727 Gain on sales of fixed assets Pendapatan bunga bank

35.668.765 Interest incom e Pem ulihan penurunan nilai

Recoverage of im pairm ent piutang dan pers ediaan

(3.976.385.906) (1.746.743.947) receivab les and inventories Bunga dan adm inis tras i bank

Interest and adm inistrative b ank s erta kartu kredit

(358.508.440) and credit cards charges Selis ih kurs

Foreign Exchange Pendapatan lain-lain bers ih

(801.706.768) Others - nett

Total (6.103.952.662) (1.085.312.747) Total

32. SIFAT DAN TRANSAKSI DENGAN PIHAK BERELASI

32. TRANSACTIONS WITH RELATED PARTIES

As et : Assets : Piutang us aha

1.024.456.120 Trade receivab les Piutang lain-lain

120.125.987 Others receivab les

Total

1.144.582.107 Total

Receivab les pencentage to assets Liabilitas :

Pers entas i piutang terhadap total as et

Liab ilities : Utang lain-lain

1.501.861.026 1.510.382.631 Others payab les

Total 1.501.861.026 1.510.382.631 Total

Pers entas i utang terhadap total as et

Payab les pencentage to assets

33. INFORMASI SEGMEN USAHA

33. BUSINESS SEGMENT INFORMATION Perusahaan dan Entitas Anak perusahaan pada saat ini

At present, the Company and its Subsidiaries are melakukan kegiatan usaha sebagai berikut :.

engaged in the business as follows :

Pe rtam bangan/

Jas a/

Re tail/

Te le k om unik as i/

M ining

Kons olidas ian/

30 September 2016

Service

Tra ding

M ul timedia

Re s ource s

Consol ida ted

September 30, 2016

Penjualan dan pendapatan

46.829.315.880 Sales and revenues Harga pokok penjualan

40.662.918.280 Cost of sales Laba kotor

6.166.397.600 Gross profit Beban usaha

(40.613.839) (10.931.100.500) Operating expense Hasil Segmen

(40.613.839) (4.764.702.900) Subtotal Pendapatan dan beban lain-lain

(2.313.077.764) (3.534.811.956) (15.977.477) (6.103.952.662) Others income (expenses) Pendapatan (beban) pajak

Tax benefit (expense) Revenues

Laba Be r s ih (4.793.480.149) (2.243.686.676) (3.534.811.956) (56.591.316) (10.868.655.562) Net Income

Pe rtam bangan/

Jasa/

Retail/

Te le kom unik as i/

M ining

Kons olidasian/

30 Septe mber 2015

Service

Tra di ng

M ul ti media

Res ource s

Consol i da ted

September 30, 2015

Penjualan dan pendapatan

50.307.079.062 Sales and revenues Harga pokok penjualan

44.771.667.542 Cost of sales Laba kotor

5.535.411.520 Gross profit Beban pokok pendapatan dan

Revenues Beban usaha

(34.216.661) (12.952.914.823) Operating expense Hasil Segmen

(34.216.661) (7.417.503.304) Subtotal Pendapatan dan beban lain-lain

(148.822.443) Others income (expenses) Pendapatan (beban) pajak

1.604.910.846 Tax benefit (expense)

Rugi Be rsih

1.015.395.197 (14.751.112) (5.961.414.897) Net Loss

34. NILAI WAJAR ASET DAN LIABILITAS KEUANGAN

34. FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES

Tabel dibawah ini menggambarkan nilai tercatat dan nilai The fair values of financial assets and liabilities, together wajar dari aset dan liabilitas keuangan:

with the carrying amounts, are as follows:

30 September/September 30, 2016

31 Desember/December 31 , 2015

Nilai tercatat/

Nilai wajar/

Nilai tercatat/

Nilai wajar/

Carrying amount

Fair value

Carrying amount

Fair value

Aset keuangan : Financial Assets

Kas dan bank 3.056.961.495 3.056.961.495 3.201.361.187 3.201.361.187 Cash and b ank s Piutang us aha :

Trade receivab les Pihak berelas i

1.024.456.120 1.024.456.120 Related parties Pihak ketiga - bers ih

63.800.163.719 63.800.163.719 66.559.907.526 66.559.907.526 Third parties Piutang lain-lain

Other receivab les Pihak berelas i

120.125.987 120.125.987 Related parties Pihak ketiga - bers ih

114.486.276.103 114.486.276.103 111.375.428.603 111.375.428.603 Third parties Inves tas i jangka panjang lainnya

686.582.784.449 686.582.784.449 694.169.743.793 694.169.743.793 Long term investm ent

Total 867.926.185.766 867.926.185.766 876.451.023.216 876.451.023.216 Total Liabilitas keuangan :

Financial liabilities

Utang bank 98.476.300.502 98.476.300.502 98.840.437.708 98.840.437.708 Bank loan Utang us aha :

Trade payab les Pihak ketiga - bers ih

8.193.036.103 8.193.036.103 5.348.344.681 5.348.344.681 Third parties Utang lain-lain :

Others payab les Pihak berelas i

1.501.861.026 1.501.861.026 1.510.382.631 1.510.382.631 Related parties Pihak ketiga - bers ih

1.640.003.100 1.640.003.100 1.640.003.100 1.640.003.100 Third parties Biaya yang m as ih harus dibayar

4.049.925.516 4.049.925.516 4.204.155.547 4.204.155.547 Accrued expenses

Total 113.861.126.247 113.861.126.247 111.543.323.667 111.543.323.667 Total

Nilai wajar atas sebagian besar aset dan liabilitas The fair value of most of the financial assets and keuangan mendekati nilai tercatat karena dampak

liabilities approximates their carrying amount, as the pendiskontoan yang tidak signifikan. Nilai wajar dari

impact of discounting is not significant. The fair value of utang bank dan utang leasing dinilai menggunakan

bank loan and lease payable are estimated by using discounted cash flow berdasarkan tingkat suku bunga

discounted cash flow applying the effective interest rate efektif terakhir yang berlaku untuk masing-masing

charged by the lenders for the last utilisation in each pinjaman yang diutilisasi.

currency borrowings.

35. KOMITMEN DAN PERJANJIAN-PERJANJIAN PENTING

35. COMMITMENTS

AND SIGNIFICANT