IMPACT OF LEGISLATION AMENDMENT TO THE COMPANY FINANCIAL

Peraturan Regulations Tanggal Peraturan Date of Regulations Dampak Terhadap Laporan Keuangan ADMF Impact on ADMF Financial Statements Peraturan฀OJK฀No.฀1POJK.072013฀Tentang฀ Perlindungan฀Konsumen฀Sektor฀Jasa฀Keuangan. FSA฀Regulation฀No.฀1POJK.072013฀on฀Consumer฀ Protection฀Financial฀Services฀Sector 6฀Agustus฀2013Berlaku฀efektif฀1฀satu฀ tahun฀sejak฀tanggal฀diundangkan Effective฀1฀one฀year฀from฀the฀date฀of฀ promulgation Saat฀ini฀tidak฀memiliki฀dampak฀pada฀laporan฀ keuangan฀Perusahaan. Currently฀has฀no฀impact฀on฀the฀Company’s฀ inancial฀statements. Peraturan฀OJK฀No.฀2฀Tentang฀Pembelian฀Kembali฀ Saham฀yang฀Dikeluarkan฀oleh฀Emiten฀atau฀ Perusahaan฀Publik฀Dalam฀Kondisi฀Pasar฀yang฀ Berluktuasi฀Secara฀Signiikan. FSA฀Regulation฀No.฀2฀on฀Buy฀Back฀Shares฀Issued฀ by฀the฀Public฀Company฀in฀Market฀Conditions฀that฀ Fluctuate฀Signiicantly 26฀August฀2013 Saat฀ini฀tidak฀memiliki฀dampak฀pada฀laporan฀ keuangan฀Perusahaan. Currently฀has฀no฀impact฀on฀the฀Company’s฀ inancial฀statements Peraturan฀OJK฀No.฀3POJK.052013฀Tentang฀ Laporan฀Bulanan฀Lembaga฀Jasa฀Keuangan฀Non฀ Bank. FSA฀Regulation฀No.฀3POJK.052013฀Concerning฀ Monthly฀Report฀for฀Non-Bank฀Financial฀Institution฀ Services 12฀September฀2013 Sebagai฀perusahaan฀publik,฀Perusahaan฀telah฀ menyajikan฀laporan฀keuangan฀yang฀sesuai฀ dengan฀standar฀akuntansi฀yang฀berlaku,฀sehingga฀ tidak฀terdapat฀dampak฀pada฀laporan฀keuangan฀ Perusahaan.฀Lebih฀lanjut,฀Perusahaan฀wajib฀ menyampaikan฀Laporan฀Analisa฀Kesesuaian฀Aset฀ ฀Liabilitas฀setiap฀bulan.฀ As฀a฀public฀company,฀the฀Company฀has฀presented฀ the฀inancial฀statements฀in฀accordance฀with฀ applicable฀accounting฀standards;฀thus,฀there฀is฀no฀ impact฀on฀the฀Company฀‘s฀inancial฀statements.฀ Moreover,฀the฀Company฀is฀required฀to฀submit฀ Assets฀฀Liability฀Mismatch฀Analysis฀Report฀on฀ monthly฀basis.฀ Peraturan฀OJK฀No.฀4POJK.052013฀Tentang฀ Penilaian฀Kemampuan฀dan฀Kepatutan฀Bagi฀Pihak฀ Utama฀Pada฀Perusahaan฀Perasuransian,฀Dana฀ Pensiun,฀Perusahaan฀Pembiayaan฀Dan฀Perusahaan฀ Penjaminan. FSA฀Regulation฀No.฀4POJK.052013฀Concerning฀ Fit฀and฀Proper฀Test฀For฀The฀Main฀Party฀On฀ Insurance฀Companies,฀Pension฀Funds,฀Financial฀ Services฀and฀Assurance฀Companies 28฀December฀2013 Tidak฀memiliki฀dampak฀terhadap฀laporan฀ keuangan฀Perusahaan. No฀impact฀on฀the฀Company’s฀inancial฀statements. Dengan฀ demikian,฀ tidak฀ terdapat฀ dampak฀ yang฀ signiikan฀ pada฀ perubahan฀ peraturan฀ yang฀ terjadi฀ pada฀ tahun฀ 2013฀ terhadap฀ laporan฀ keuangan฀ Perusahaan.

N. TRANSAKSI LINDUNG NILAI

Dalam฀ mengelola฀ risiko,฀ derivatif฀ digunakan฀ sebagai฀instrumen฀lindung฀nilai฀atas฀arus฀kas฀karena฀ instrumen฀ tersebut฀ melindungi฀ nilai฀ variabilitas฀ arus฀ kas฀ yang฀ dapat฀ diatribusikan฀ pada฀ risiko฀ tertentu,฀ terutamanya฀ luktuasi฀ suku฀ bunga฀ dan฀ mata฀ uang฀ atas฀pinjaman฀yang฀diterima฀dalam฀mata฀uang฀asing.฀ Thus,฀there฀was฀no฀signiicant฀impact฀on฀the฀changes฀ of฀the฀regulations฀in฀2013฀on฀the฀Company’s฀inancial฀ statements.

N. HEDGING TRANSACTIONS

In฀ managing฀ risk,฀ derivatives฀ are฀ used฀ as฀ hedging฀ instruments฀ over฀ the฀ cash฀ low,฀ because฀ the฀ instruments฀ protect฀ the฀ variability฀ of฀ cash฀ lows฀ attributable฀to฀a฀particular฀risk,฀especially฀luctuations฀ in฀interest฀rates฀and฀currency฀on฀borrowings฀received฀ Adira Finance •฀2013฀Annual฀Report 371 Instrumen฀ derivatif฀ tersebut฀ diukur฀ pada฀ nilai฀ wajar฀ dalam฀laporan฀posisi฀keuangan.฀ Berikut฀ merupakan฀ rincian฀ asetliabilitas฀ derivatif฀ Perusahaan: Dalam฀Rp฀Jutaan,฀Kecuali฀ In฀Rp฀Million,฀Except฀for฀ Keterangan 2011 2012 2013 Description Aset Derivatif Derivative Assets PT฀Bank฀OCBC฀NISP฀Tbk - - 193.567 PT฀Bank฀OCBC฀NISP฀Tbk PT฀Bank฀ANZ฀Indonesia - - 182.464 PT฀Bank฀ANZ฀Indonesia Deutsche฀Bank฀AG,฀Jakarta - - 31.433 Deutsche฀Bank฀AG,฀Jakarta PT฀Bank฀of฀Tokyo-Mitsubishi฀UFJ฀Ltd. 10.205 13.607 22.797 PT฀Bank฀of฀Tokyo-Mitsubishi฀UFJ฀Ltd. PT฀Bank฀BNP฀Paribas฀Indonesia - - 4.256 PT฀Bank฀BNP฀Paribas฀Indonesia PT฀Bank฀DBS฀Indonesia - 5.840 - PT฀Bank฀DBS฀Indonesia Jumlah Aset Derivatif 10.205 19.447 434.517 Total Derivative Assets Liabilitas Derivatif Derivative Liabilities PT฀Bank฀OCBC฀NISP฀Tbk - - 2.639 PT฀Bank฀OCBC฀NISP฀Tbk Citibank,฀N.A.,฀Jakarta - 5.189 - Citibank,฀N.A.,฀Jakarta PT฀Bank฀ANZ฀Indonesia - 11.074 - PT฀Bank฀ANZ฀Indonesia Jumlah Liabilitas Derivatif - 16.263 2.639 Total Derivative Liabilities Bagian฀efektif฀dari฀perubahan฀nilai฀wajar฀derivatif฀yang฀ ditetapkan฀sebagai฀instrumen฀lindung฀nilai฀atas฀arus฀ kas฀ dalam฀ hubungan฀ lindung฀ nilai฀ yang฀ memenuhi฀ kualiikasi฀ditangguhkan฀pada฀keuntungankerugian฀ kumulatif฀atas฀instrumen฀derivatif฀untuk฀lindung฀nilai฀ arus฀kas,฀yang฀merupakan฀bagian฀dari฀ekuitas.฀Bagian฀ yang฀tidak฀efektif฀diakui฀secara฀langsung฀pada฀laporan฀ laba฀ rugi฀ komprehensif.฀ Jumlah฀ yang฀ ditangguhkan฀ dalam฀ ekuitas฀ direklasiikasi฀ ke฀ dalam฀ laporan฀ laba฀ rugi฀ komprehensif฀ dalam฀ tahun฀ yang฀ sama฀ dimana฀ arus฀ kas฀ yang฀ dilindung฀ nilai฀ mempengaruhi฀ laba฀ atau฀rugi,฀dan฀pada฀item฀yang฀sama฀dalam฀laporan฀ laba฀rugi฀komprehensif.฀ in฀ foreign฀ currency.฀ The฀ derivative฀ instruments฀ are฀ measured฀at฀fair฀value฀in฀the฀statement฀of฀inancial฀ position.฀ The฀ followings฀ are฀ details฀ of฀ assetsliabilities฀ of฀ the฀ Company’s฀derivative: The฀ effective฀ portion฀ of฀ changes฀ in฀ fair฀ value฀ of฀ derivatives฀ that฀ are฀ designated฀ as฀ a฀ hedging฀ instrument฀ over฀ cash฀ lows฀ in฀ hedging฀ relationship฀ on฀ qualiied฀ deferred฀ gainslosses฀ cumulative฀ over฀ derivative฀ instruments฀ for฀ the฀ cash฀ lows฀ hedging,฀ which฀are฀part฀of฀the฀equity.฀The฀ineffective฀portion฀ is฀ recognized฀ immediately฀ in฀ the฀ statement฀ of฀ comprehensive฀income.฀Amounts฀deferred฀in฀equity฀ are฀ reclassiied฀ to฀ the฀ statement฀ of฀ comprehensive฀ income฀in฀the฀same฀year฀in฀which฀the฀hedged฀cash฀ lows฀affect฀proit฀or฀loss,฀and฀on฀the฀same฀item฀in฀ the฀statement฀of฀comprehensive฀income. Adira Finance •฀Laporan Tahunan 2013 372