Mining Properties Financial Statements JRAP FS June 2017

PT J RESOURCES ASIA PASIFIK Tbk DAN ENTITAS ANAK Catatan atas Laporan Keuangan Konsolidasian Pada tanggal 30 Juni 2017 Tidak diaudit dan 31 Desember 2016 Diaudit serta untuk Periode- periode yang Berakhir 30 Juni 2017 dan 2016 Tidak diaudit Angka-angka Disajikan dalam Dolar Amerika Serikat, kecuali Dinyatakan Lain PT J RESOURCES ASIA PASIFIK Tbk AND ITS SUBSIDIARIES Notes to Consolidated Financial Statements As of June 30, 2017 Unaudited and December 31, 2016 Audited and For the Periods Ended June 30, 2017 and 2016 Unaudited Figures are Presented in United States Dollar, unless Otherwise Stated - 54 - 2017 2016 Amortisasi dibebankan ke: Amortization charged to: Beban pokok penjualan Catatan 28 6,244,955 10,919,191 Costs of sales Note 28 Amortisasi dan penghapusan Catatan 30 4,422,369 11,073,756 Amortization and write-off Note 30 Penyesuaian provisi Adjustment in mine closure penutupan tambang Catatan 22 567,999 644,000 provision Note 22 Jumlah 11,235,323 22,636,947 Total Manajemen berpendapat bahwa tidak terdapat penurunan nilai atas properti pertambangan. Management believes that there is no impairment in values of the mining properties. 12. Goodwill 12. Goodwill Merupakan goodwill yang diperoleh JRN atas akusisi pada entitas anak dengan rincian sebagai berikut: This represents goodwill which resulted from JRN’s acquisition of the following subsidiaries: 2017 danand 2016 PT Gorontalo Sejahtera Mining 19,761,019 PT Gorontalo Sejahtera Mining PT Arafura Surya Alam 10,048,411 PT Arafura Surya Alam PT Sago Prima Pratama 1,688,595 PT Sago Prima Pratama Jumlah 31,498,025 Total Nama Entitas Anak Name of Subsidiaries Uji Penurunan Nilai Goodwill Impairment Test for Goodwill Goodwill dialokasikan terhadap UPK Grup, untuk tujuan pengujian penurunan nilai pada tanggal 30 Juni 2017 dan 31 Desember 2016 pengujian tahunan. Goodwill was allocated to the CGUs of the Group, for impairment testing as of June 30, 2017 and December 31, 2016 annual testing. Untuk tujuan pengujian penurunan nilai tersebut, jumlah terpulihkan dari UPK-UPK di atas ditentukan berdasarkan perhitungan nilai pakai. Nilai pakai ditentukan dengan mendiskontokan arus kas masa depan yang diharapkan akan dihasilkan dari pemakaian berkelanjutan atas UPK-UPK tersebut. Perhitungan nilai pakai berdasarkan pada asumsi-asumsi berikut: For impairment testing purposes, the recoverable amounts of the CGUs have been determined based on value-in-use calculations. Value in use was determined by discounting the future cash flows expected to be generated from the continuing use of the units. The calculation of the value in use was based on the following key assumptions:  Arus kas di masa depan ditentukan berdasarkan proyeksi penjualan emas dan perak. Beban operasional lainnya diestimasi berdasarkan data historis; dan  Future cash flows were based on the projected sales of gold and silver. Other operational expenses were estimated based on historical rate; and  Tingkat diskonto sebelum pajak yang digunakan untuk menghitung jumlah terpulihkan adalah sebesar 7,90 untuk tahun 2016. Tingkat diskonto ini diestimasi berdasarkan rata-rata tertimbang biaya modal Grup.  Pre-tax discount rates of 7.90 in 2016, respectively, were applied in determining the recoverable amounts. The discount rate used was determined based on the weighted average cost of capital of the Group. PT J RESOURCES ASIA PASIFIK Tbk DAN ENTITAS ANAK Catatan atas Laporan Keuangan Konsolidasian Pada tanggal 30 Juni 2017 Tidak diaudit dan 31 Desember 2016 Diaudit serta untuk Periode- periode yang Berakhir 30 Juni 2017 dan 2016 Tidak diaudit Angka-angka Disajikan dalam Dolar Amerika Serikat, kecuali Dinyatakan Lain PT J RESOURCES ASIA PASIFIK Tbk AND ITS SUBSIDIARIES Notes to Consolidated Financial Statements As of June 30, 2017 Unaudited and December 31, 2016 Audited and For the Periods Ended June 30, 2017 and 2016 Unaudited Figures are Presented in United States Dollar, unless Otherwise Stated - 55 - Asumsi utama sebagaimana dijelaskan di atas dapat berubah sejalan dengan perubahan kondisi ekonomi dan pasar. Grup memperkirakan bahwa kemungkinan perubahan asumsi ini tidak akan mengakibatkan nilai tercatat UPK-UPK tersebut melebihi jumlah terpulihkannya secara material Tidak terdapat penurunan nilai yang diakui pada tanggal 30 Juni 2017 dan 31 Desember 2016, karena jumlah terpulihkan dari goodwill melebihi nilai tercatatnya. The key assumptions described above may change as economic and market conditions change. The Group estimates that reasonably possible changes in these assumptions would not cause the carrying value of each CGUs to materially exceed its recoverable amount. There was no impairment loss recognized at June 30, 2017 and December 31, 2016, since the recoverable amount of the goodwill is in excess of the carrying value. 13. Aset Tidak Lancar Lain-Lain 13. Other Noncurrent Assets 2017 2016 Pinjaman kepada KUD Dharma Tani Marisa Loan to KUD Dharma Tani Marisa Catatan 37c 2,420,980 2,399,747 Note 37c Taksiran tagihan pajak 2,041,298 2,041,298 Estimated claims for tax refund Piranti lunak - bersih 541,117 452,689 Softw are - net Rekening bank yang dibatasi penggunaannya - 2,618,733 Restricted cash in banks Setoran jaminan 95,237 158,208 Security deposits Ventura bersama Catatan 1 Joint venture Note 1 Harga perolehan 20,138 20,138 At cost Akumulasi ekuitas pada rugi bersih 20,138 20,138 Accumulated share in net loss Jumlah 5,098,632 7,670,675 Total Rekening bank yang dibatasi penggunaannya, merupakan rekening escrow dalam mata uang Dolar Amerika Serikat sehubungan dengan fasilitas pinjaman sindikasi yang di peroleh JRN, JRBM, SPP dan GSM pada 31 Desember 2016 Catatan 21. Restricted cash in bank represents U.S. Dollar escrow accounts in relation to the syndicated loan facilities obtained by JRN, JRBM, SPP and GSM December 31, 2016 Note 21. PETS mengalami defisit pada tanggal 30 Juni 2017 dan 31 Desember 2016. Pada tanggal 30 Juni 2017 dan 31 Desember 2016, bagian PEG atas rugi bersih PETS telah melebihi harga perolehan investasi, sehingga nilai tercatat investasi dalam PETS berkurang menjadi sebesar nihil. Jika PETS selanjutnya melaporkan laba, maka PEG mulai mengakui bagiannya atas laba tersebut hanya setelah bagiannya atas laba tersebut sama dengan bagian atas rugi yang belum diakui. Bagian kerugian bersih dari PETS yang belum diakui masing-masing adalah sebesar US 26.258 dan US 57.186 pada tanggal 30 Juni 2017 dan 31 Desember 2016. PETS has deficit as of June 30, 2017 and December 31, 2016. As of June 30, 2017 and December 31, 2016, PEG’s share in net losses of PETS has already exceeded the acquisition cost of its investments, thus, the carrying value of investments in PETS have been reduced to zero. If PETS subsequently reported profit, PEG will resume recognizing its share in the profit of such joint venture only after its share of the profits equals the share of net losses not recognized. Unrecognized share in losses of PETS amounted to US 26,258 and US 57,186 as of June 30, 2017 and December 31, 2016, respectively. PT J RESOURCES ASIA PASIFIK Tbk DAN ENTITAS ANAK Catatan atas Laporan Keuangan Konsolidasian Pada tanggal 30 Juni 2017 Tidak diaudit dan 31 Desember 2016 Diaudit serta untuk Periode- periode yang Berakhir 30 Juni 2017 dan 2016 Tidak diaudit Angka-angka Disajikan dalam Dolar Amerika Serikat, kecuali Dinyatakan Lain PT J RESOURCES ASIA PASIFIK Tbk AND ITS SUBSIDIARIES Notes to Consolidated Financial Statements As of June 30, 2017 Unaudited and December 31, 2016 Audited and For the Periods Ended June 30, 2017 and 2016 Unaudited Figures are Presented in United States Dollar, unless Otherwise Stated - 56 - 14. Pinjaman Bank Jangka Pendek 14. Short-Term Bank Loans 2017 2016 Pihak ketiga - Dolar Amerika Serikat Third parties - U.S. Dollar PT Bank Permata Tbk 26.042.759 19.880.451 PT Bank Permata Tbk PT Bank Danamon Indonesia Tbk 11.361.070 11.405.628 PT Bank Danamon Indonesia Tbk Citibank N.A., Indonesia 13.185.016 4.519.916 Citibank N.A., Indonesia PT Bank OCBC NISP Tbk 5.000.000 - PT Bank OCBC NISP Tbk PT Bank ICBC Indonesia - 3.645.128 PT Bank ICBC Indonesia Jumlah 55.588.845 39.451.123 Total PT Bank Permata Tbk Permata PT Bank Permata Tbk Permata Berdasarkan perubahan perjanjian tanggal 17 Februari 2016, atas fasilitas Letter of Credit yang diperoleh JRN, JRBM dan SPP dari Permata Catatan 21, para pihak sepakat mengubah penyebutan Fasilitas Letter of Credit 1 dan 2 menjadi Fasilitas Letter of Credit dan GSM dan ASA bisa juga secara bersama-sama JRN, JRBM dan SPP menggunakan Fasilitas Letter of Credit. Berdasarkan perubahan ke – 6 No: KK170932AMDCGVC tanggal 5 Mei 2017, jangka waktu fasilitas Letter of Credit sejak tanggal 17 Februari 2017 sampai dengan 31 Juli 2017. Based on the amendment agreement dated February 17, 2016, on Letter of Credit Facility obtained by JRN, JRBM and SPP from Permata Note 21, all parties agreed to change in name of Letter of Credit Facility 1 and 2 into Letter of Credit Facility and GSM and ASA could also use jointly with JRN, JRBM and SPP the Letter of Credit Facility. Based on the sixth amendment No: KK170932AMDCGVC dated Mei 5, 2017, term on Letter of Credit Facility since February 17, 2017 until July 31, 2017. PT Bank Danamon Indonesia Tbk Danamon PT Bank Danamon Indonesia Tbk Danamon Pada tanggal 14 Oktober 2014, JRBM dan SPP memperoleh fasilitas pinjaman dari Danamon berupa Fasilitas Omnibus Trade Finance 1 dan Fasilitas SightUsance Letter of Credit dengan masing-masing maksimum fasilitas sejumlah US 2.000.000. Pinjaman ini masing-masing berjangka waktu dua belas 12 bulan Catatan 21. On October 14, 2014, JRBM and SPP obtained a loan facility from Danamon in the form of Omnibus Trade Finance 1 Facility and SightUsance Letter of Credit Facility each with maximum facility of US 2,000,000. The term of the loan facility is twelve 12 months Note 21. Berdasarkan Perubahan terhadap perjanjian kredit No. 253PPPWKCBDX2015 tanggal 5 Oktober 2015, terdapat perubahan antara lain sebagai berikut: Based on Deed of Changes in Agreement No. 253PPPWKCBDX2015 dated October 5, 2015, the amendments on the loan agreement follows: a. Mengubah penyebutan fasilitas SightUsance Letter of Credit menjadi Omnibus Trade Finance 2; a. The name of SightUsance Letter of Credit Facility was changed into Omnibus Trade Finance 2; b. Mengubah fasilitas Omnibus Trade Finance 2 sebelumnya Fasilitas SightUsance Letter of Credit menjadi jumlah maksimum pinjaman sebesar US 1.680.000; dan b. The maximum loan facility of Omnibus Trade Finance 2 previously SightUsance Letter of Credit Facility was amended to become US 1,680,000; and c. Jatuh tempo Fasilitas Omnibus Trade Finance 1 dan Omnibus Trade Finance 2 masing-masing diperpanjang sampai dengan 14 Oktober 2016. c. The term of Omnibus Trade Finance 1 and Omnibus Trade Finance 2 loan facilities has been extended until October 14, 2016.