TRANSACTIONS AND Citra Tubindo Tbk Billingual Juni Released

the Indonesian language. PT CITRA TUBINDO Tbk DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN INTERIM 30 Juni 2014 dan Periode Enam Bulan yang Berakhir pada Tanggal Tersebut Disajikan dalam dolar AS, kecuali dinyatakan lain PT CITRA TUBINDO Tbk AND ITS SUBSIDIARIES NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS As of June 30, 2014 and for the Six Months then Ended Expressed in U.S. dollars, unless otherwise stated 47 7. PERSEDIAAN 7. INVENTORIES Persediaan terdiri dari: Inventories consist of the following: 30 Juni 2014 31 Desember 2013 June 30, 2014 December 31, 2013 Barang jadi 45.602.495 41.123.841 Finished goods Barang dalam proses 13.805.938 6.813.158 Work-in-process Bahan baku dan pembantu 62.480.916 55.066.913 Raw materials and supplies Jumlah 121.889.349 103.003.912 Total Dikurangi penyisihan keusangan Less allowance for inventory persediaan 4.873.282 5.267.292 obsolescence Neto 117.016.067 97.736.620 Net Mutasi penyisihan keusangan persediaan adalah sebagai berikut: The changes in allowance for inventory obsolescence are as follows: 30 Juni 2014 31 Desember 2013 June 30, 2014 December 31, 2013 Saldo awal tahun 5.267.292 919.500 Beginning balance Penambahan penyisihan - 4.348.682 Additional provision Pembalikan selama periode berjalan 394.010 890 Reversal during the period Saldo akhir tahun 4.873.282 5.267.292 Ending Balance Penambahan penyisihan keusangan persediaan tahun 2013 sehubungan dengan persediaan yang pergerakannya lambat maupun yang tidak bergerak. The additional provision of allowance for inventory obsolescence in 2013 pertains to slow-moving and non-moving inventories. Pembalikan penyisihan atas keusangan persediaan tersebut di atas diakui karena persediaan terkait telah diproses menjadi barang jadi. The above reversals of allowance for inventory obsolescence were recognized in relation to the usage of the related inventories that have been processed into finished goods. Berdasarkan hasil penelaahan kondisi persediaan pada akhir periode pelaporan, manajemen Grup berpendapat bahwa penyisihan persediaan usang cukup untuk menutupi kemungkinan kerugian yang mungkin timbul dari persediaan yang lambat pergerakannya. Based on the review of the condition of inventories at end of the reporting period, the Group’s management is of the opinion that the allowance for inventory obsolescence is adequate to cover any possible losses that may arise from non- recoverability of slow-moving inventories. Tidak ada persediaan yang dijaminkan pada tanggal 30 Juni 2014 dan 31 Desember 2013. There are no inventories used as collateral for any loan facility as of June 30, 2014 and December 31, 2013. Persediaan diasuransikan terhadap risiko kerugian fisik atau kerusakan berdasarkan suatu paket polis pertanggungan dengan nilai pertanggungan sebesar AS100.104.707 pada tanggal 30 Juni 2014 dan AS100.094.871 pada tanggal 31 Desember 2013. Manajemen Grup berpendapat bahwa nilai pertanggungan tersebut cukup untuk menutup kemungkinan kerugian atas risiko tersebut. Inventories are covered by insurance against physical losses or damage, under blanket policies amounting to US100,104,707 as of June 30, 2014 and US100,094,871 as of December 31, 2013. The Group’s management is of the opinion that the sum insured is adequate to cover any possible losses from the said risks. the Indonesian language. PT CITRA TUBINDO Tbk DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN INTERIM 30 Juni 2014 dan Periode Enam Bulan yang Berakhir pada Tanggal Tersebut Disajikan dalam dolar AS, kecuali dinyatakan lain PT CITRA TUBINDO Tbk AND ITS SUBSIDIARIES NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS As of June 30, 2014 and for the Six Months then Ended Expressed in U.S. dollars, unless otherwise stated 48

8. BIAYA DIBAYAR DI MUKA DAN UANG MUKA LAINNYA

8. PREPAID EXPENSES AND OTHER ADVANCES

Rincian biaya dibayar di muka dan uang muka lainnya adalah sebagai berikut: The details of prepaid expenses and other advances are as follows: 30 Juni 2014 31 Desember 2013 June 30, 2014 December 31, 2013 Uang muka pembelian 1.519.052 118.926 Advance payments - purchasing Uang muka operasional 599.929 301.514 Advance payments - operation Biaya dibayar di muka 424.815 358.400 Prepaid expenses Lain - lain 31.918 44.156 Others Jumlah 2.575.714 822.996 Total 9. INVESTASI PADA ENTITAS ASOSIASI 9. INVESTMENTS IN ASSOCIATED COMPANIES Rincian investasi pada entitas asosiasi adalah sebagai berikut: The details of investments in associated companies are as follows: Mutasi selama periode berjalan Movements during the period Bagian Laba Pengumuman Neto Penerimaan Entitas Dividen Saldo Saldo Awal Asosiasi Kas Akhir Persentase Investasi Equity in Net Cash Investasi Pemilikan Beginning Earnings of Dividends Ending Percentage of Balance of Associated Declared Balance of 30 Juni 2014 Ownership Investment Companies Received Investment June 30, 2014 PT H-Tech Oilfield Equipment 45,65 15.391.654 367.363 4.108.500 11.650.517 PT H-Tech Oilfield Equipment Citra Sumit Valind Citra Sumit Valind Investment Pte Ltd 48,00 1.950.031 25.992 - 1.976.023 Investment Pte Ltd Jumlah 17.341.685 393.355 4.108.500 13.626.540 Total 31 Desember 2013 December 31, 2013 PT H-Tech Oilfield Equipment 45,65 17.605.636 2.350.534 4.564.516 15.391.654 PT H-Tech Oilfield Equipment Citra Sumit Valind Citra Sumit Valind Investment Pte Ltd 48,00 1.702.189 967.842 720.000 1.950.031 Investment Pte Ltd Jumlah 19.307.825 3.318.376 5.284.516 17.341.685 Total Pada tanggal 30 Juni 2014, kas dividen dari PT H-Tech Oilfield Equipment sebesar AS4.108.500 dicatat sebagai piutang dividen dan termasuk ke dalam “Piutang dari pihak-pihak berelasi”. As of June 30, 2014, the cash dividends from PT H-Tech Oilfield Equipment amounting to US4,108,500 is recorded as dividend receivable and included as part of “Due from related parties”. Bagian penyertaan terhadap posisi keuangan entitas asosiasi: Share in the associated companies’ statements of financial position: 30 Juni 2014 31 Desember 2013 June 30, 2014 December 31, 2013 Aset lancar 13.094.514 12.182.923 Current assets Aset tidak lancar 4.194.589 4.163.092 Non-current assets Liabilitas jangka pendek 5.544.646 1.275.294 Short-term liabilities Liabilitas jangka panjang 652.516 263.634 Long-term liabilities Ekuitas 11.091.941 14.807.087 Equity