PENDAPATAN NETO Tax Assessment Letter Entitas Anak

620 The original consolidated financial statements included herein are in Indonesian language. PT BLUE BIRD TBK DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Periode Empat Bulan yang Berakhir pada Tanggal 30 April 2014 dan Tahun yang Berakhir pada Tanggal-tanggal 31 Desember 2013, 2012 dan 2011 Dengan Angka Perbandingan Periode Empat Bulan yang Berakhir pada Tanggal 30 April 2013 Tidak Diaudit Disajikan dalam Rupiah, kecuali Dinyatakan Lain PT BLUE BIRD TBK AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Four-Month Period Ended April 30, 2014 and Years Ended December 31, 2013, 2012 and 2011 With Comparative Figures for the Four-Month Period Ended April 30, 2013 Unaudited Expressed in Rupiah, unless Otherwise Stated 23. BEBAN USAHA lanjutan 23. OPERATING EXPENSES continued 30 AprilApril 30, 31 DesemberDecember 31, 2014 2013 2013 2012 2011 General and administrative Beban umum dan administrasi expenses Gaji 44.937.971.755 34.500.050.049 117.267.807.403 194.557.129.673 192.737.278.955 Salaries Sewa dan pemeliharaan 16.869.462.831 17.355.944.826 50.783.336.721 87.216.200.341 79.540.209.870 Rent and maintenance Allowances and Tunjangan dan imbalan kerja 13.034.535.707 6.714.219.167 22.790.276.735 25.610.968.724 23.321.911.812 employee benefits Kantor 8.894.285.160 4.075.441.547 18.004.228.345 14.384.990.303 10.991.172.777 Office Utilitas 5.533.515.223 3.676.764.449 14.722.392.094 11.494.517.157 10.902.270.305 Utilities Penyusutan Catatan 10 5.073.641.759 3.168.585.761 11.859.314.190 8.821.594.123 7.606.365.135 Depreciation Note 10 Administrasi bank 4.036.095.347 2.834.122.875 7.791.700.988 5.225.883.289 3.885.954.820 Bank administration Pajak lain-lain 3.462.710.761 7.737.444.105 27.706.049.778 36.206.977.619 41.105.007.978 Other taxes Pelatihan dan penerimaan tenaga kerja 2.950.388.780 2.125.691.743 6.770.728.765 5.044.966.760 3.984.788.811 Training and recruitment Transportation and Transportasi dan akomodasi 2.904.986.953 2.168.757.542 8.183.647.068 12.954.559.957 10.716.763.967 accommodation Jasa profesional 2.564.400.123 3.413.646.243 9.993.797.123 17.787.809.019 5.297.225.150 Professional fees Piutang tak tertagih 259.986.370 226.169.778 535.304.389 1.600.995.956 895.680.591 Bad debt Lain-lain 6.731.557.517 8.193.795.126 36.641.293.318 45.869.551.005 20.321.850.246 Others Sub-total 117.253.538.286 96.190.633.211 333.049.876.917 466.776.143.926 411.306.480.417 Sub-total Total 120.790.072.352 97.697.145.163 342.568.531.493 474.384.035.255 412.828.800.462 Total

24. INSTRUMEN KEUANGAN, MANAJEMEN RISIKO DAN PENGELOLAAN MODAL

24. FINANCIAL INSTRUMENTS, RISKS MANAGEMENT AND CAPITAL MANAGEMENT

a. Faktor dan Kebijakan Manajemen Risiko

Keuangan a. Factors and Policies of Financial Risk Management Dalam menjalankan aktivitas operasi, investasi dan pendanaan, Grup menghadapi risiko keuangan yaitu risiko kredit, risiko likuiditas dan risiko pasar dan mendefinisikan risiko- risiko sebagai berikut: In its operating, investing and financing activities, the Group is exposed to the following financial risks: credit risk, liquidity risk and market risk and define those risks as follows: • Risiko kredit: kemungkinan bahwa debitur tidak membayar semua atau sebagian pinjaman atau tidak membayar secara tepat waktu dan akan menyebabkan kerugian Grup. • Credit risk: the risk of financial loss to the Group if debtor will not repay all or a portion of a loan or will not repay in a timely manner. • Risiko likuiditas: risiko bahwa Grup tidak akan dapat memenuhi kewajiban keuangannya pada saat jatuh tempo. • Liquidity risk: the risk that the Group will not be able to meet its financial obligations as they fall due. • Risiko pasar: risiko bahwa perubahan dalam suku bunga dan kurs mata uang asing akan mempengaruhi pendapatan Grup atau nilai dari kepemilikan instrumen keuangan. • Market risk: the risk that changes in interest rates and foreign currency rates will affect the Group’s income or the value of its holdings of financial instruments. Tabel berikut menyajikan nilai tercatat aset dan liabilitas keuangan: The following table summarizes the carrying amount of financial assets and liabilities: 31 DesemberDecember 31, 30 April 2014 April 30, 2014 2013 2012 2011 Aset Keuangan Financial Assets Kas dan setara kas 349.959.225.203 267.075.839.864 590.225.550.501 397.409.614.108 Cash and cash equivalents Piutang usaha - neto 162.494.976.170 164.727.363.513 66.302.622.151 47.387.768.212 Trade receivables - net Piutang lain-lain 100.879.105.105 92.339.077.631 43.037.421.432 78.839.145.442 Other receivables Total 613.333.306.478 524.142.281.008 699.565.594.084 523.636.527.762 Total