BEBAN AKRUAL ACCRUED EXPENSES TRANSAKSI DERIVATIF DERIVATIVE TRANSACTIONS

Laporan Tahunan PT Pelayaran Tempuran Emas Tbk 162 The original consolidated financial statements included herein are in the Indonesian language. PT PELAYARAN TEMPURAN EMAS Tbk DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2015 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut Disajikan dalam rupiah, kecuali dinyatakan lain PT PELAYARAN TEMPURAN EMAS Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2015 and for the Year Then Ended Expressed in rupiah, unless otherwise stated 57 16. BEBAN AKRUAL 16. ACCRUED EXPENSES Akun ini terdiri atas beban akrual sebagai berikut: This account consists of accruals for the following expenses: 31 DesemberDecember 31, 2015 2014 Jasa profesional 1.502.727.950 1.000.004.400 Professional fees Bunga 1.480.659.446 1.826.823.088 Interest Telepon, listrik dan air 24.586.875 12.107.457 Telephone, electricity and water Asuransi 1.082.418 1.082.418 Insurance Jaminan peti kemas - 545.535.272 Container guarantees Lain-lain 7.261.648.861 2.891.662.476 Others Total 10.270.705.550 6.277.215.111 Total 17. TRANSAKSI DERIVATIF 17. DERIVATIVE TRANSACTIONS Liabilitas Derivatif yang Dihentikan Unwound Derivative Liability Pada tanggal 24 Juli 2008, Perusahaan menandatangani kontrak WTI crude oil - Target Redemption Swap dengan Standard Chartered Bank SCB sehubungan dengan penawaran kepada Perusahaan atas perlindungan sebagian dari kenaikan harga WTI crude oil. Berdasarkan perjanjian, jumlah kuantitas nosional sebesar 30.000 barel dan jumlah kuantitas geared nosional sebesar 60.000 barel dengan harga tetap US105 per barel. On July 24, 2008, the Company signed a contract for WTI crude oil - Target Redemption Swap with Standard Chartered Bank SCB regarding the offering to the Company of partial protection against rising WTI crude oil prices. Based on the agreement, total notional quantity was about 30,000 barrels and total geared notional quantity was about 60,000 barrels with a fixed price of US105 per barrel. Berdasarkan skenario dari setiap penyelesaian a jika Floating Price FP di atas US105 per barel, Perusahaan akan menerima dolar Amerika Serikat berdasarkan perhitungan FP dikurangi US105 x 2.500 barel, b jika FP di bawah US105 per barel, Perusahaan akan membayar dolar Amerika Serikat berdasarkan perhitungan US105 dikurangi FP x 5.000 barel. Perjanjian ini berlaku sampai dengan tanggal 31 Juli 2009, namun, jika seluruh pembayaran yang dilakukan oleh SCB kepada Perusahaan melebihi target akumulasi intrinsic value sebesar US87.500, perjanjian ini akan berakhir dan Perusahaan akan kehilangan perlindungan ini. Based on the scenario on each settlement date, a if Floating Price FP was above US105 per barrel, the Company would receive United States dollar based on calculation FP minus US105 x 2,500 barrels, b if FP was below US105 per barrel, the Company would pay United States dollar based on calculation US105 minus FP x 5,000 barrels. This agreement was valid until July 31, 2009. However, if the accumulated payments made by SCB to the Company reaches more than the target accumulated intrinsic value of US87,500, this agreement would be terminated and the Company would lose the protection. Berdasarkan transaksi terakhir tertanggal 5 November 2008, harga aktual WTI crude oil sebesar US76,72 per barel, oleh karena itu, Perusahaan berkewajiban untuk membayar SCB sebesar US141.380. Sampai dengan tanggal jatuh tempo pembayaran, Perusahaan belum membayar jumlah tersebut. Sebagai akibatnya, SCB melakukan penghentian lebih awal dan mengusulkan tawaran penyelesaian sebesar US2.771.366. Based on the latest transaction dated November 5, 2008, the actual WTI crude oil price amounted to US76.72 per barrel, therefore, the Company was liable to pay SCB the amount of US141,380. Until the due date of this amount, the Company has not made any payment. Consequently, SCB made early termination and proposed a settlement offer worth US2,771,366. 163 Laporan Tahunan PT Pelayaran Tempuran Emas Tbk The original consolidated financial statements included herein are in the Indonesian language. PT PELAYARAN TEMPURAN EMAS Tbk DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2015 dan Untuk Tahun yang Berakhir pada Tanggal Tersebut Disajikan dalam rupiah, kecuali dinyatakan lain PT PELAYARAN TEMPURAN EMAS Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2015 and for the Year Then Ended Expressed in rupiah, unless otherwise stated 58 17. TRANSAKSI DERIVATIF lanjutan 17. DERIVATIVE TRANSACTIONS continued