INVENTORIES, NET 30 Juni ADVANCES AND PREPAID EXPENSES 30 Juni

PT BAYAN RESOURCES Tbk. DAN ENTITAS ANAKAND SUBSIDIARIES Lampiran 549 Schedule CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN INTERIM 30 JUNI 2016 DAN 2015 Dinyatakan dalam Dolar Amerika Serikat, kecuali dinyatakan lain NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 30 JUNE 2016 AND 2015 Expressed in United States Dollars, unless otherwise stated 9. PERPAJAKAN lanjutan 9. TAXATION continued a. Pajak dibayar dimuka lanjutan a. Prepaid taxes continued 30 Juni 31 Desember June December 2016 2015 Bagian jangka pendek Current portion PPN - 25,816,578 VAT Pajak Penghasilan 251,992 287,659 Corporate Income Tax 251,992 26,104,237 Bagian jangka panjang Non-current portion PPN 45,722,591 41,299,866 VAT Pajak Penghasilan 37,662,041 33,266,096 Corporate Income Tax 83,384,632 74,565,962 Total 83,636,624 100,670,199 Total b. Utang pajak b. Taxes payable 30 Juni 31 Desember June December 2016 2015 Pajak Penghasilan Corporate Income Tax Entitas anak 3,742,681 165,605 Subsidiaries Pajak lain-lain Other taxes Perusahaan 610,782 295,361 The Company Entitas anak 1,447,716 9,399,025 Subsidiaries 2,058,498 9,694,386 Total 5,801,179 9,859,991 Total c. Bebanmanfaat pajak penghasilan

c. Income tax expensebenefit 30 Juni

30 Juni June June 2016 2015 Kini Current - Final - 116,506 Final - - Non final 6,837,498 3,336,369 Non final - 6,837,498 3,452,875 Tangguhan 11,932,217 6,437,099 Deferred 5,094,719 2,984,224 PT BAYAN RESOURCES Tbk. DAN ENTITAS ANAKAND SUBSIDIARIES Lampiran 550 Schedule CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN INTERIM 30 JUNI 2016 DAN 2015 Dinyatakan dalam Dolar Amerika Serikat, kecuali dinyatakan lain NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 30 JUNE 2016 AND 2015 Expressed in United States Dollars, unless otherwise stated 9. PERPAJAKAN lanjutan 9. TAXATION continued c. Bebanmanfaat pajak penghasilan lanjutan c. Income tax expensebenefit continued Perhitungan beban pajak penghasilan kini adalah sebagai berikut: The calculation of current corporate income tax expense is as follows: 30 Juni 30 Juni June June 2016 2015 Rugi konsolidasian sebelum Consolidated loss before pajak penghasilan 42,341,937 16,030,253 income tax Dikurangiditambah: Deductadd: Eliminasi konsolidasian 28,839,034 12,176,594 Consolidation eliminations Rugilaba sebelum Lossprofitbefore income tax pajak penghasilan - entitas anak 9,991,751 8,338,683 subsidiaries - Rugi sebelum pajak Loss before income tax penghasilan - Perusahaan 3,511,152 12,192,342 the Company - Beda temporer: Temporary differences: Penyusutan 360,996 371,834 Depreciation Biaya pengangkutan yang ditangguhkan 336,390 1,148,451 Deferred barging expense Biaya keuangan yang ditangguhkan 687,738 685,952 Deferred finance costs Penyisihan imbalan kerja karyawan 47,468 32,592 Provision for employee benefits Beda tetap: Permanent differences: Denda pajak 411,349 - Tax penalties Pendapatan bunga yang Interest income subject to final dikenakan pajak final 67,845 439,571 tax 994,152 427,354 Taksiran rugi Estimated fiscal fiskal - Perusahaan 4,505,304 11,764,988 loss – the Company Akumulasi rugi fiskal yang dapat Accumulated fiscal losses carried dibawa ke masa depan pada forward at the beginning awal periode 38,835,690 25,562,770 of the period Penyesuaian tahun lalu atas Prior year adjustments due to hasil audit pajak 1,085,638 - tax audit Akumulasi rugi fiskal yang dapat Accumulated fiscal losses dibawa ke masa depan pada carried forward at the end akhir periode 42,255,356 37,327,758 of the period Beban pajak penghasilan badan Current corporate income tax kini dihitung dengan tarif expense at 25 pajak 25 - Perusahaan - - - the Company Beban pajak penghasilan badan Current corporate income tax kini - entitas anak 6,837,498 3,452,875 expense - subsidiaries Beban pajak penghasilan badan Consolidated current corporate kini - konsolidasian 6,837,498 3,452,875 income tax expense PT BAYAN RESOURCES Tbk. DAN ENTITAS ANAKAND SUBSIDIARIES Lampiran 551 Schedule CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN INTERIM 30 JUNI 2016 DAN 2015 Dinyatakan dalam Dolar Amerika Serikat, kecuali dinyatakan lain NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 30 JUNE 2016 AND 2015 Expressed in United States Dollars, unless otherwise stated 9. PERPAJAKAN lanjutan 9. TAXATION continued c. Bebanmanfaat pajak penghasilan lanjutan c. Income tax expensebenefit continued Perhitungan pajak penghasilan kini dilakukan berdasarkan estimasi penghasilan kena pajak. Nilai tersebut dapat disesuaikan saat SPT Tahunan disampaikan ke Direktorat Jenderal Pajak “DJP”. Current income tax computations are based on estimated taxable income. The amounts may be adjusted when annual tax returns are filed with the Directorate General of Tax “DGT”. Rekonsiliasi antara manfaat pajak penghasilan dengan jumlah teoritis beban pajak penghasilan sebelum pajak penghasilan konsolidasian adalah sebagai berikut: The reconciliation between income tax benefit and the theoretical tax amount on consolidated profit before income tax is as follows: 30 Juni 30 Juni June June 2016 2015 Rugi konsolidasian sebelum Consolidated loss before pajak penghasilan 42,341,937 16,030,253 income tax Dikurangi: Deduct: - Rugi dari entitas anak yang Loss from subsidiaries - dikenakan pajak final 8,322,225 6,080,243 subject to final tax 34,019,712 9,950,010 Pajak penghasilan dihitung dengan tarif pajak 25 8,504,928 2,487,503 Income tax at 25 Pendapatan bunga yang dikenakan pajak final 93,475 246,464 Interest income subject to final tax Beban yang tidak dapat dikurangkan secara pajak 382,470 43,507 Non-deductible expense Pajak tangguhan yang tidak diakui 3,121,214 410,270 Unrecognised deferred tax 5,094,719 3,100,730 Beban pajak final - 116,506 Final tax expense Bebanmanfaat pajak Consolidated corporate income penghasilan - konsolidasian 5,094,719 2,984,224 tax expensebenefit Pajak penghasilan yang telah dikreditkan sehubungan dengan pendapatan komprehensif lainnya selama periode berjalan adalah sebagai berikut: The income tax credited in relation to other comprehensive income during the period is as follows: 30 Juni 30 Juni June June 2016 2015 Imbalan kerja 11,100 - Employee benefits 11,100 - Grup telah mengakumulasi kerugian fiskal yang dapat dipakai sebagai pengurang penghasilan kena pajak di masa mendatang selama lima sampai delapan tahun sebagaimana ditetapkan dalam PKP2B masing-masing perusahaan dan peraturan pajak yang berlaku. The Group has accumulated corporate income tax losses which are available to be carried forward and offset against future taxable income for periods of five to eight years as specified in each company’s CCoW or applicable tax regulations. Rugi fiskal yang dapat dikompensasikan dengan penghasilan kena pajak dimasa mendatang terjadi di periode pajak berikut ini: Tax losses carried-forward which can be offset against future taxable period income were incurred in the following fiscal periods: PT BAYAN RESOURCES Tbk. DAN ENTITAS ANAKAND SUBSIDIARIES Lampiran 552 Schedule CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN INTERIM 30 JUNI 2016 DAN 2015 Dinyatakan dalam Dolar Amerika Serikat, kecuali dinyatakan lain NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 30 JUNE 2016 AND 2015 Expressed in United States Dollars, unless otherwise stated 9. PERPAJAKAN lanjutan

9. TAXATION continued c. Bebanmanfaat pajak penghasilan lanjutan

c. Income tax expensebenefit continued JumlahAmount

31 Desember 2009 5,309,370 31 December 2009 31 Desember 2012 2,391,968 31 December 2012 31 Desember 2013 20,962,473 31 December 2013 31 Desember 2014 32,227,120 31 December 2014 31 Desember 2015 20,465,729 31 December 2015 30 Juni 2016 13,931,480 30 June 2016 95,288,140 d. Aset pajak tangguhan d. Deferred tax assets s 30 Juni 31 Desember June December 2016 2015 Rugi fiskal yang dibawa ke masa depan 23,489,272 24,185,529 Tax losses carried-forward Penyisihan imbalan kerja 1,281,024 1,110,121 Provision for employee benefits Biaya pengangkutan yang ditangguhkan 221,035 112,589 Deferred barging expenses Penyisihan untuk pembongkaran, Provision for decommissioning, pemindahan, reklamasi demobilisation, reclamation dan restorasi 553,305 553,305 and restoration Perbedaan nilai buku Difference between commercial aset tetap komersial and tax net book value dan fiskal 14,790,964 14,787,891 of fixed assets Penyisihan atas Allowance for impairment penurunan nilai piutang 1,157,617 48,982 receivable Penyisihan persediaan usang 387,218 296,550 Allowance for obsolete inventory Properti pertambangan - pertambangan yang Mining properties - berproduksi 2,045,861 2,608,518 mines in production Beban keuangan yang ditangguhkan 410,362 582,296 Deferred finance cost Laba yang belum direalisasikan dari Unrealised profit from transactions transaksi dalam Grup 600,118 1,586,355 within the Group Aset pajak tangguhan, neto 40,402,984 40,429,922 Deferred tax assets, net Aset pajak tangguhan Deferred tax assets at the pada awal periode 40,429,922 62,548,361 beginning of the period Dikreditkandibebankan pada: Creditedcharged to: - Laba rugi 38,038 22,271,093 Profit or loss - - Rugi komprehensif lain: Other comprehensive loss: - - Cadangan imbalan kerja 11,100 152,654 Employee benefits reserve - Aset pajak tangguhan Deferred tax assets at pada akhir periode 40,402,984 40,429,922 the end of the period PT BAYAN RESOURCES Tbk. DAN ENTITAS ANAKAND SUBSIDIARIES Lampiran 553 Schedule CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN INTERIM 30 JUNI 2016 DAN 2015 Dinyatakan dalam Dolar Amerika Serikat, kecuali dinyatakan lain NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 30 JUNE 2016 AND 2015 Expressed in United States Dollars, unless otherwise stated 9. PERPAJAKAN lanjutan

9. TAXATION continued d. Aset pajak tangguhan lanjutan

d. Deferred tax assets continued Seluruh aset pajak tangguhan diperkirakan dapat

dipulihkan setelah 12 bulan. All of the deferred tax assets are expected to be recovered after more than 12 months. e. Liabilitas pajak tangguhan e. Deferred tax liabilities 30 Juni 31 Desember June December 2016 2015 Rugi fiskal yang dibawa ke masa depan 332,763 - Tax losses carried-forward Penyisihan imbalan Provision for kerja 299,329 265,879 employee benefits Properti pertambangan - pertambangan yang Mining properties - berproduksi 623,187 728,370 mines in production Biaya pengangkutan yang ditangguhkan 336,477 336,477 Deferred barging expenses Penyisihan untuk, pembongkaran, Provision for decommissioning, pemindahan, reklamasi demobilisation, reclamation dan restorasi 77,063 163,538 and restoration Perbedaan nilai buku Difference between aset tetap komersial commercial and tax net book dan fiskal 204,728 280,142 value of fixed assets Penyisihan persediaan usang 11,834 13,013 Allowance for obsolete inventory Kewajiban yang timbul Liabilities arising from dari kombinasi bisnis 51,030,590 62,530,590 business combination Liabilitas pajak tangguhan 51,473,993 63,433,149 Deferred tax liabilitites Liabilitas pajak tangguhan Deferred tax liabilites at the pada awal periode 63,433,149 78,055,479 beginning of the period Dikreditkandibebankan pada: Creditedcharged to: - Laba rugi 11,959,156 14,623,771 Profit or loss - - Rugi komprehensif lain: Other comprehensive loss: - - Penyisihan imbalan kerja - 1,441 Provision for employee benefits - Liabilitas pajak tangguhan Deferred tax liabilites at pada akhir periode 51,473,993 63,433,149 the end of the period Seluruh liabilitas pajak tangguhan diperkirakan dapat dibalikkan setelah 12 bulan. All of the deferred tax liabilities are expected to be reversed after more than 12 months.

f. Audit pajak

f. Tax audits

Grup telah menerima sejumlah Surat Ketetapan Pajak untuk tahun pajak 2008 sampai dengan tahun 2014 yang menetapkan laba fiskal Grup adalah sebesar AS283.043.613 untuk Pajak Penghasilan “PPh” Badan dan menetapkan lebih bayar pajak sebesar Rp 40.524.227.861 setara dengan AS3.074.676 untuk PPN dan jenis pajak lainnya. Grup telah mengajukan keberatan, banding dan peninjauan kembali atas Surat Ketetapan Pajak tersebut dan berkeyakinan bahwa jumlah laba fiskal yang seharusnya adalah sebesar AS71.640.462 untuk PPh Badan dan lebih bayar pajak sebesar Rp 278.437.729.029 setara dengan AS21.125.776 untuk PPN dan pajak lainnya. Pada tanggal laporan keuangan konsolidasian ini, proses keberatan, banding dan peninjauan kembali masih berlangsung The Group has received a number of tax assessments for fiscal years 2008 until 2014 which resulted in a total assessed taxable income of US283,043,613 for corporate income tax and a tax overpayment of Rp 40,524,227,861 equivalent with US3,074,676 for VAT and other taxes. The Group has filed objections, appeals and reconsideration processes against these tax assessments and believes that the total assessed fiscal income should be US71,640,462 for corporate income tax, and an overpayment of VAT and other taxes of Rp 278,437,729,029 equivalent with US21,125,776. As at the date of these consolidated financial statements, the objections, appeals and reconsideration processes are still on-going. PT BAYAN RESOURCES Tbk. DAN ENTITAS ANAKAND SUBSIDIARIES Lampiran 554 Schedule CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN INTERIM 30 JUNI 2016 DAN 2015 Dinyatakan dalam Dolar Amerika Serikat, kecuali dinyatakan lain NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 30 JUNE 2016 AND 2015 Expressed in United States Dollars, unless otherwise stated 9. PERPAJAKAN lanjutan

9. TAXATION continued f.

Audit pajak lanjutan f. Tax audits continued DJP mengajukan permohonan Peninjauan Kembali “PK” kepada Mahkamah Agung “MA” atas Putusan PP di tahun 2014 untuk PPh Badan PIK tahun pajak 2009. Namun sampai dengan tanggal laporan keuangan ini, PIK belum menerima pemberitahuan resmi atas permohonan PK DJP tersebut maupun putusan PK dari MA. The DGT has applied for reconsideration of those appeal decisions in 2014 to the Supreme Court in which the DGT claims Corporate income tax for fiscal year 2009. However, as at the date of these financial statements, the Group has not received formal notification of the reconsideration application by the DGT nor any decision from the Supreme Court. Pada tanggal laporan keuangan ini, Perusahaan, FKP, TSA, FSP dan IP sedang dalam proses audit oleh DJP atas berbagai jenis pajak untuk tahun 2012 and 2015. Pada tanggal laporan ini, hasil audit tersebut belum diterima. Manajemen berpendapat bahwa hasil audit tersebut tidak akan memberikan dampak yang akan merugikan posisi keuangan dan arus kas Grup secara material. As at the date of these financial statements, the Company, FKP, TSA, FSP and IP are being audited by the DGT regarding various type of taxes for 2012 and 2015. As at the date of these financial statements, the audit results have not yet been received. Management is of the opinion that the results will not have a material adverse impact on the Group’s operations and cash flows. Selama tahun 2016, Grup telah menerima pengembalian pajak sebesar Rp 495.401.091.358 setara dengan AS37.091.703 atas PPN dan pajak lainnya untuk tahun pajak 2013 dan 2014. During 2016, the Group has received tax refunds amounting to Rp 495,401,091,358 equivalent with US37,091,703 for VAT and other taxes for the fiscal years 2013 and 2014. g. Administrasi g. Administration Berdasarkan Undang-Undang Perpajakan yang berlaku di Indonesia, Perusahaan dan entitas anak yang berada di dalam Grup menghitung, menetapkan dan membayar sendiri besarnya jumlah pajak yang terhutang. DJP dapat menetapkan atau mengubah liabilitas pajak tersebut dalam batas waktu lima tahun sejak saat terhutangnya pajak. Under the taxation laws of Indonesia, the Company and the companies within the Group submit tax returns on the basis of self assessment. The DGT may assess or amend taxes within five years of the time the tax becomes due. PT BAYAN RESOURCES Tbk. DAN ENTITAS ANAKAND SUBSIDIARIES Lampiran 555 Schedule CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN INTERIM 30 JUNI 2016 DAN 2015 Dinyatakan dalam Dolar Amerika Serikat, kecuali dinyatakan lain NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 30 JUNE 2016 AND 2015 Expressed in United States Dollars, unless otherwise stated 10. UANG MUKA DAN BIAYA DIBAYAR DIMUKA

10. ADVANCES AND PREPAID EXPENSES 30 Juni

31 Desember June December 2016 2015 Uang muka pemasok 9,025,084 7,272,460 Advance for suppliers Uang muka tanah 3,206,042 3,107,362 Advance for land Uang muka lain-lain Others advances dibawah AS3.000.000 4,796,102 3,981,282 below US3,000,000 Biaya dibayar dimuka 519,094 768,046 Prepaid expenses 17,546,322 15,129,150 Bagian lancar 11,880,612 5,485,372 Current portion Bagian tidak lancar 5,665,710 9,643,778 Non-current portion 11. ASET TETAP 11. FIXED ASSETS 30 JuniJune2016 Pengurangan Saldo awal Transfer Saldo akhir Beginning Penambahan Disposal Ending balance Additions Transfers balance Biaya perolehan Acquisition cost Tanah 8,001,022 - - 8,001,022 Land Bangunan dan fasilitas Buildings and port pelabuhan 344,301,310 986,688 - 345,287,998 facilities Transportation Alat pengangkutan 171,905,780 295,127 177,780 172,023,127 equipment Peralatan dan Office furniture and perlengkapan kantor 10,029,352 14,595 1,131 10,042,816 equipment Machinery and Mesin dan peralatan 148,810,872 936,661 272,362 149,475,171 equipment Peralatan lain 627,481 5,103 - 632,584 Other equipment 683,675,817 2,238,174 451,273 685,462,718 Aset sewa pembiayaan Under finance leases Transportation Alat pengangkutan 561,175 - - 561,175 equipment Aset dalam penyelesaian Construction in progress Bangunan dan fasilitas Buildings and port pelabuhan 8,727,141 12,967,900 - 21,695,041 facilities Lainnya 1,923,176 - - 1,923,176 Others 10,650,317 12,967,900 - 23,618,217 694,887,309 15,206,074 451,273 709,642,110 Accumulated Akumulasi penyusutan depreciation Bangunan dan fasilitas Buildings and port pelabuhan 186,190,351 8,568,964 - 194,759,315 facilities Transportation Alat pengangkutan 108,950,614 7,353,508 177,780 116,126,342 equipment Peralatan dan Office furniture and perlengkapan kantor 9,011,690 429,218 71 9,440,837 equipment Machinery and Mesin dan peralatan 129,797,690 4,285,928 272,283 133,811,335 equipment Peralatan lain 619,544 2,888 - 622,432 Other equipment 434,569,889 20,640,506 450,134 454,760,261 Aset sewa pembiayaan Under finance leases Transportation Alat pengangkutan 327,353 70,147 - 397,500 equipment Nilai buku bersih 259,990,067 254,484,349 Net book value PT BAYAN RESOURCES Tbk. DAN ENTITAS ANAKAND SUBSIDIARIES Lampiran 556 Schedule CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN INTERIM 30 JUNI 2016 DAN 2015 Dinyatakan dalam Dolar Amerika Serikat, kecuali dinyatakan lain NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 30 JUNE 2016 AND 2015 Expressed in United States Dollars, unless otherwise stated 11. ASET TETAP lanjutan

11. FIXED ASSETS continued

31 DesemberDecember 2015 Pengurangan Saldo awal Transfer Saldo akhir Beginning Penambahan Disposal Ending balance Additions Transfers balance Biaya perolehan Acquisition cost Tanah 8,001,022 - - 8,001,022 Land Bangunan dan fasilitas Buildings and port pelabuhan 275,194,702 2,599,465 66,507,143 344,301,310 facilities Transportation Alat pengangkutan 167,042,510 637,728 4,225,542 171,905,780 equipment Peralatan dan Office furniture and perlengkapan kantor 9,956,451 69,851 3,050 10,029,352 equipment Machinery and Mesin dan peralatan 151,180,391 3,580,466 5,949,985 148,810,872 equipment Peralatan lain 621,407 6,074 - 627,481 Other equipment 611,996,483 6,893,584 64,785,750 683,675,817 Aset sewa pembiayaan Under finance leases Transportation Alat pengangkutan 561,175 - - 561,175 equipment Aset dalam penyelesaian Construction in progress Bangunan dan fasilitas Buildings and port pelabuhan 40,331,996 40,588,600 72,193,455 8,727,141 facilities Lainnya 2,899,358 169,469 1,145,651 1,923,176 Others 43,231,354 40,758,069 73,339,106 10,650,317 655,789,012 47,651,653 8,553,356 694,887,309 Accumulated Akumulasi penyusutan depreciation Bangunan dan fasilitas Buildings and port pelabuhan 169,890,184 16,300,167 - 186,190,351 facilities Transportation Alat pengangkutan 93,933,751 15,446,652 429,789 108,950,614 equipment Peralatan dan Office furniture and perlengkapan kantor 8,054,926 956,764 - 9,011,690 equipment Machinery and Mesin dan peralatan 125,184,792 11,169,665 6,556,767 129,797,690 equipment Peralatan lain 612,631 6,913 - 619,544 Other equipment 397,676,284 43,880,161 6,986,556 434,569,889 Aset sewa pembiayaan Under finance leases Transportation Alat pengangkutan 187,059 140,294 - 327,353 equipment Nilai buku bersih 257,925,669 259,990,067 Net book value Penyusutan dibebankan pada akun-akun berikut ini: Depreciation expense was charged to the following accounts: 30 Juni 30 Juni June June 2016 2015 Beban pokok pendapatan lihat Catatan 23 20,281,030 22,166,068 Cost of revenue refer to Note 23 Beban umum dan administrasi General and administration lihat Catatan 25 429,623 482,394 expenses refer to Note 25 Aset eksplorasi dan evaluasi - 125,125 Exploration and evaluation assets 20,710,653 22,773,587