PROPERTI MINYAK DAN GAS OIL AND GAS PROPERTIES

PT PERUSAHAAN GAS NEGARA PERSERO TBK DAN ENTITAS ANAKAND SUBSIDIARIES Halaman 5100 Page CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN 31 DESEMBER 2016 DAN 2015 Disajikan dalam Dolar Amerika Serikat, kecuali dinyatakan lain NOTES TO CONSOLIDATED FINANCIAL STATEMENTS DECEMBER 31, 2016 AND 2015 Expressed in US Dollar, unless otherwise stated 21. UTANG OBLIGASI lanjutan 21. BONDS PAYABLES continued Pada tanggal 12 Mei 2014, Perusahaan menerbitkan USD1.350.000.000 Senior Unsecured Fixed Rate Notes, yang akan jatuh tempo pada tanggal 16 Mei 2024, dengan harga penerbitan sebesar 99,037. Wali amanat atas obligasi ini adalah The Bank of New York Mellon. Obligasi ini dikenakan bunga sebesar 5,125 per tahun yang terhutang setengah tahunan setiap tanggal 16 Mei dan 16 November, dimulai pada tanggal 16 November 2014. Obligasi ini dicatatkan pada Bursa Efek Singapura. Dana bersih yang diperoleh sebesar USD1.335.334.469, diterima pada tanggal 16 Mei 2014 dan dipergunakan untuk penambahan modal kerja dan keperluan umum lainnya. Berdasarkan Moody’s Investors Services, Standard Poor SP dan Fitch Rating, peringkat dari obligasi tersebut masing-masing adalah Baa3, BB+ dan BBB-. On May 12, 2014, the Company issued USD1,350,000,000 Senior Unsecured Fixed Rate Notes, which will be due on May 16, 2024, with issue price of 99.037. The trustee of these bonds is The Bank of New York Mellon. These bonds bear interest rate of 5.125 per annum payable semi annualy on May 16 and November 16, starting on November 16, 2014. These bonds were listed on the Singapore Exchange Securities Trading Limited. The net proceeds, which amounted to USD1,335,334,469 were received by the Company on May 16, 2014 and were used for addtional working capital and other general corporate purposes. Based on Moody’s Investors Services, Standard Poor SP and Fitch Rating, the bonds are rated at Baa3, BB+ and BBB-, respectively. Sehubungan dengan obligasi ini, Perusahaan dibatasi dalam melakukan konsolidasi, penggabungan usaha, mengalihkan, menyewakan, atau menjual semua atau sebagian besar asetnya. In relation to these bonds, the Company is restricted in conducting consolidation, merger, transfer, lease or disposal of all or substantially all of it assets. Perusahaan tidak diharuskan melakukan pembentukan dana sinking fund untuk pelunasan utang obligasi ini. The Company is not required to make sinking fund payment with respect to these bonds. Nilai wajar dari utang obligasi pada tanggal 31 Desember 2016 dan 2015 masing masing adalah USD1.385.775.000.000 dan USD1.305.301.500. Nilai wajar ini dihitung menggunakan harga penawaran pada tanggal pengukuran dan merupakan level 1 pada hirarki nilai wajar. The fair value of the bonds payable as at December 31, 2016 and 2015 amounted to USD1,385,775,000,000 and USD1,305,301,500. The fair value is calculated using bid price at measurement date and within level 1 of the fair value hierarchy. 22. PERPAJAKAN 22. TAXATION

a. Taksiran tagihan pajak

a. Estimated claims for tax refund

31 Desember 31 Desember December December 2016 2015 Pajak Penghasilan: Income Taxes: Pasal 29 20,084,510 16,386,065 Article 29 Pasal 25 695,482 80,047 Article 25 Pajak lainnya: Other Taxes: Pasal 4 2 61,230,518 59,637,060 Article 4 2 Pajak Pertambahan Nilai “PPN” 11,897,860 28,004,953 Value Added Taxes “VAT” Pasal 22 234,979 1,938,239 Article 22 Pasal 23 122,206 458,513 Article 23 94,265,555 106,504,877 PT PERUSAHAAN GAS NEGARA PERSERO TBK DAN ENTITAS ANAKAND SUBSIDIARIES Halaman 5101 Page CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN 31 DESEMBER 2016 DAN 2015 Disajikan dalam Dolar Amerika Serikat, kecuali dinyatakan lain NOTES TO CONSOLIDATED FINANCIAL STATEMENTS DECEMBER 31, 2016 AND 2015 Expressed in US Dollar, unless otherwise stated 22. PERPAJAKAN lanjutan 22. TAXATION continued

b. Utang pajak

b. Tax payable

31 Desember 31 Desember December December 2016 2015 Pajak Penghasilan: Income Taxes: Pasal 29 Article 29 2016: Rp12.475.306.538; 2016: Rp12,475,306,538; USD22.155.831 USD22,155,831; 2015: Rp9.922.954.761 23,084,330 719,315 2015: Rp9,922,954,761 Kurang bayar Pasal 29 Underpayment of Article 29 untuk tahun pajak 2013 5,527,440 - for fiscal year of 2013 Pasal 25 731,162 10,245,898 Article 25 Pajak lainnya: Other Taxes: Pajak Pertambahan Nilai Value Added Taxes 2016: Rp111.638.232.604; 2016: Rp111,638,232,604; 2015: Rp49.067.715.212 8,308,889 3,556,920 2015: Rp49,067,715,212 Pasal 23 Article 23 2016: Rp48.318.690.996 2016: Rp48,318,690,996; 2015: Rp Rp55.455.475.929 3,596,211 4,019,970 2015: Rp Rp55,455,475,929 Pasal 21 Article 21 2016: Rp15.971.346.328; 2016: Rp15,971,346,328; 2015: Rp11.398.674.356 1,212,270 826,291 2015: Rp11,398,674,356 Pasal 22 Article 22 2016: Rp3.101.178.611; 2016: Rp3,101,178,611; 2015: Rp28.951.431.171 230,811 2,098,690 2015: Rp28,951,431,171 42,691,113 21,467,084

c. Beban pajak

c. Tax expense

Beban manfaat pajak terdiri dari: Tax benefit expense are as follows: 31 Desember 31 Desember December December 2016 2015 Perusahaan Company Beban pajak kini 73,998,035 113,413,077 Current tax expenses Penyesuaian beban pajak tahun 2013 5,527,440 - Income tax expenses 2013 adjustment Beban pajak tangguhan 3,800,408 527,991 Deferred tax expense Entitas anak Subsidiaries Beban pajak kini 17,757,827 11,898,241 Current tax expenses Manfaat pajak tangguhan 24,682,480 91,233,630 Deferred tax benefit Konsolidasian Consolidated Beban pajak kini 97,283,302 125,311,318 Current tax expenses Manfaat pajak tangguhan 20,882,072 90,705,639 Deferred tax benefit Beban pajak penghasilan 76,401,230 34,605,679 Income tax expense