KAS DAN BANK CASH AND BANKS

4. KAS DAN BANK 4. CASH AND BANKS

Kas Cash

Rupiah 495.917.037 560.540.207 Rupiah Dolar Amerika Serikat

112.307.792 Dolar Amerika Serikat Sub-total

592.810.708 672.847.999 Sub-total

Bank - Rupiah Bank - Rupiah

PT Bank Central Asia Tbk 1.807.638.650 2.188.099.148 PT Bank Central Asia Tbk PT Bank UOB Buana Tbk

PT Bank UOB Buana Tbk PT Bank Mandiri (Persero) Tbk

PT Bank Mandiri (Persero) Tbk PT Bank Danamon Indonesia Tbk

112.746.190 PT Bank Danamon Indonesia Tbk PT Bank Negara Indonesia 46

PT Bank Negara Indonesia 46 (Persero) Tbk

(Persero) Tbk PT Bank Muamalat Indonesia Tbk

PT Bank Muamalat Indonesia Tbk PT Bank OCBC NISP Tbk

6.372.369 PT Bank OCBC NISP Tbk PT Bank Internasional Indonesia Tbk

1.000.000 PT Bank Internasional Indonesia Tbk PT Bank Rakyat Indonesia

PT Bank Rakyat Indonesia (Persero) Tbk

(Persero) Tbk PT Bank Mega, Tbk

622.289 PT Bank Mega, Tbk PT Bank Artha Graha Internasional Tbk

1.140.000 PT Bank Artha Graha Internasional Tbk Sub-total

2.571.536.234 2.437.124.413 Sub-total

Bank - Dolar AS Bank - Dollar AS

PT Bank OCBC NISP Tbk

50.957.880 PT Bank OCBC NISP Tbk PT Bank Central Asia Tbk

PT Bank Central Asia Tbk PT Bank Mandiri (Persero) Tbk

PT Bank Mandiri (Persero) Tbk PT Bank Artha Graha Internasional Tbk

4.031.253 PT Bank Artha Graha Internasional Tbk Sub-total

Total 3.203.014.720 3.201.361.187 Total

5. PIUTANG USAHA

5. TRADE RECEIVABLES

Pihak Berelasi

Related Parties

Pihak Ketiga

Third Parties Penyisihan penurunan nilai piutang

Provision for impairment

Subtotal

Subtotal Total

Mutasi penyisihan kerugian penurunan nilai atas Movement of allowence for impairment losses for trade piutang usaha adalah sebagai berikut:

receivables were as follows:

Saldo awal

Beginning balance Penambahan (pengurangan) penyisihan

Additional (less) provision penurunan nilai tahun berjalan

796.507.352 for impairment the years

Saldo Akhir

Ending Balance

5. PIUTANG USAHA - lanjutan

5. TRADE RECEIVABLES – Continued Rincian jumlah piutang usaha menurut mata uang adalah Detail of amount of the trade receivable based on the sebagai berikut : currency consist of :

Jumlah piutang usaha berdasarkan saat jatuh temponya The accounts receivable amount based on the due date pada 31 Desember 2016 dan 2015 sebagai berikut: as of December 31,2016 and 2015 is as follows:

Sampai dengan 1 bulan

Until 1 Month > 1 bulan sampai 3 bulan

> 1 Month to 3 Months > 3 bulan sampai 6 bulan

> 3 Months to 6 Months > 6 bulan sampai 1 tahun

> 6 Months to 1 Yeas > 1 tahun

Piutang usaha kepada pihak yang memiliki hubungan Trade receivables to related parties used the same term berelasi menggunakan syarat dan kondisi yang sama

and condition as trade receivables to third parties. The sebagaimana piutang usaha kepada pihak ketiga.

management believe that the allowance for impairment Manajemen berkeyakinan bahwa penyisihan kerugian

losses is adequate to cover possible losses form non- penurunan nilai piutang tersebut cukup untuk menutupi

collectibility of the trade receivable. kemungkinan kerugian yang mungkin timbul dari tidak tertagihnya piutang tersebut.

Piutang usaha Entitas Anak per 31 Desember 2016 dan Receivable trade a Subsidiaries as of December 31,2016 2015 di jadikan jaminan atas fasilitas kredit yang

and 2015, is used as collateral for facility of credit diperoleh dari PT Bank Muamalat Indonesia Tbk (lihat

obtained from PT Bank Muamalat Indonesia, Tbk (see catatan 15).

note 15).

6. PIUTANG LAIN-LAIN

6. OTHERS RECEIVABLE

Pihak Berelasi

120.125.987 Related Parties

Subtotal

120.125.987 Subtotal

Pihak Ketiga 115.201.320.051 105.691.381.325 Third Parties Penyisihan penurunan nilai piutang

(42.544.039.860) (18.109.177.722) Provision for impairment

Subtotal 72.657.280.191 87.582.203.603 Subtotal Total

72.657.280.191 87.702.329.590 Total

Mutasi penyisihan kerugian penurunan nilai atas Movement of allowence for impairment losses for others piutang lain-lain adalah sebagai berikut:

receivables were as follows:

Saldo awal 18.109.177.722 13.639.344.754 Beginning balance Penambahan penyisihan

Additional provision penurunan nilai tahun berjalan

24.434.862.138 4.469.832.968 for impairment the years

Saldo Akhir 42.544.039.860 18.109.177.722 Ending Balance

6. PIUTANG LAIN-LAIN- lanjutan

6. OTHERS RECEIVABLE – Continued

Rincian jumlah piutang lain-lain menurut mata uang Detail of amount of the other receivable based on the adalah sebagai berikut :

currency consist of :

Rupiah 72.657.280.191 87.702.329.590 Rupiah

Total 72.657.280.191 87.702.329.590 Total

Jumlah piutang lain-lain berdasarkan saat jatuh The others receivable amount based on the due date as of temponya pada 31 Desember 2016 dan 2015 adalah

December 31,2016 and 2015 are as follows: sebagai berikut:

Sampai dengan 1 bulan 2.819.542.739 7.081.130.000 Until 1 Month > 1 bulan sampai 3 bulan

11.599.817.000 > 1 Month to 3 Months > 3 bulan sampai 6 bulan

6.570.270.000 7.717.200.494 > 3 Months to 6 Months > 6 bulan sampai 1 tahun

13.603.377.500 > 6 Months to 1 Yeas > 1 tahun

63.267.467.452 47.700.804.596 > 1 Years

Total 72.657.280.191 87.702.329.590 Total

Barang Dagangan 39.916.023.827 39.020.008.569 Mechandise inventories Penyisihan penurunan nilai persediaan

(12.890.201.179) (7.129.257.023) Provision for impairment

Total Persediaan Akhir 27.025.822.648 31.890.751.546 Total Inventories

Saldo awal 7.129.257.023 3.609.417.063 Beginning balance Penambahan penyisihan

Additional provision penurunan nilai tahun berjalan

5.760.944.156 3.519.839.960 for impairment the years

Saldo akhir 12.890.201.179 7.129.257.023 Ending balance

Berdasarkan hasil penelahaan terhadap kondisi Based on a review of the condition of inventories at the end persediaan pada akhir periode, manajemen Grup

of the period, the management of the Group believe that berpendapat bahwa penyisihan persediaan usang

the allowance for inventory obsolescence is adequate. adalah cukup.

8. UANG MUKA

Investment M2B Pembelian

Investasi M2B

Purchase Karyawan

Employee Lain-lain

Others

Total

Total

9. BIAYA DIBAYAR DI MUKA

9. PREPAID EXPENSE

Rent Lain-lain

10. PIUTANG LAIN PIHAK BERELASI TIDAK LANCAR

10. OTHERS RECEIVABLES RELATED PARTIES NON- CURRENT

Fujian Xinjifu Guangdong Machinery

Fujian Xinjifu

Guangdong Machinery Bunga MTN Vasco dan Emerald

Interest of MTN Vasco and Emerald Firmansyah Yusuf

Firmansyah Yusuf Soeman Santosa

Soeman Santosa Arif Priyatna

Arif Priyatna

11. INVESTASI JANGKA PANJANG LAINNYA

11. OTHERS LONG TERM INVESTMENT

Emerald Star Investment Ltd

Emerald Star Investment Ltd Vasco Trading Ltd.

Vasco Trading Ltd.

Investasi dalam Medium Term Notes merupakan Investment in Medium Term Notes are investments in investasi yang dilakukan Entitas Anak PT Agis Electronic

Subsidiaries PT Agis Electronic (AE) and PT Agis Mitra (AE) dan PT Agis Mitra Mandiri (AMM).

Mandiri (AMM). MTN Emeralds Star Investments Ltd MTN Emeralds Star Investments Ltd

Emerald Star Investments Ltd berdasarkan Sertifikat Emerald Star Investments Ltd based on MTN Certificate No. MTN

035A/ESI-MTN/X/2016 amounting to Rp50,000,000,000, Rp.50.000.000.000, Sertifikat MTN No. 035B/ESI-

No.

035A/ESI-MTN/X/2016

senilai

MTN Certificate No035B/ESI-MTN/X/2016 amounting to MTN/X/2016 senilai Rp50.000.000.000, Sertifikat MTN

Certificate No035C/ESI- No. 035C/ESI-MTN/X/2016 senilai Rp50.000.000.000,

Rp50,000,000,000,

MTN

to Rp50,000,000,000, MTN Sertifikat MTN No. 035D/ESI-MTN/X/2016 senilai

MTN/X/2016

amounting

No035D/ESI-MTN/X/2016 amounting to Rp50.000.000.000, Sertifikat MTN No. 035E/ESI-

Certificate

Certificate No035E/ESI- MTN/X/2016 senilai Rp50.000.000.000 dan Sertifikat

Rp50,000,000,000,

MTN

to Rp50,000,000,000, MTN MTN

MTN/X/2016

amounting

No035F/ESI-MTN/X/2016 amounting to Rp50.000.000.000 akan jatuh tempo tanggal 3 Oktober

No.

035F/ESI-MTN/X/2016

senilai

Certificate

Rp50,000,000,000, will due to on October 3, 2018 with 2018 dengan tingkat bunga sebesar 1% pertahun.

interest 1% per years.

Emerald Star Investments Ltd berdasarkan Sertifikat Emerald Star Investments Ltd based on MTN Certificate No. MTN No.006/ESI-MTN/VII/2015 akan jatuh tempo pada

006/ESI-MTN/VII/2015 will due to on July 16, 2017

16 Juli 2017 nominal Rp20.333.500.000 dengan tingkat amounting to Rp20,333,500,000 with interest 1% per years. bunga sebesar 1% pertahun.

11. INVESTASI JANGKA PANJANG LAINNYA- lanjutan

11. OTHERS LONGTERM INVESTMENT – Continued

MTN Vasco Trading Ltd

MTN Vasco Trading Ltd

Vasco Trading Ltd berdasarkan Sertifikat MTN No. 043- Vasco Trading Ltd based on MTN Certificate No. . 043- X/Vasco/MTN/X/2016 sebesar Rp. 57.027.000.000,

X/Vasco/MTN/X/2016 amounting to Rp. 57,027,000,000, has jatuh tempo tanggal 3 Oktober 2018. Sementara itu

been extended until October 3, 2018. Meanwhile MTN Sertifikat MTN No. 044-X/Vasco/MTN/2016 sebesar

044-X/Vasco/MTN/2016 amounting to Rp50.000.000.000,

Certificate No.

Certificate No. 045- X/Vasco/MTN/2016

X/Vasco/MTN/2016 amounting to Rp50,000,000,000, MTN Sertifikat MTN No. 046-X/Vasco/MTN/2016 sebesar

sebesar

Rp50.000.000.000,

Certificate No. 046-X/Vasco/MTN/2016 amounting to Rp50.000.000.000,

Certificate No. 047- X/Vasco/MTN/2016

X/Vasco/MTN/2016 amounting to Rp50,000,000,000, MTN Sertifikat MTN No. 048-X/Vasco/MTN/2016 sebesar

sebesar

Rp50.000.000.000,

Certificate No. 048-X/Vasco/MTN/2016 amounting to Rp50.000.000.000 dan Sertifikat MTN No. 049-

Certificate No. 049- X/Vasco/MTN/2016 sebesar Rp50.000.000.000, akan

Rp50,000,000,000,

MTN

X/Vasco/MTN/2016 amounting to Rp50,000,000,000 will due jatuh tempo pada 3 Oktober 2018 dan tingkat bunga 1 %

to on October 3, 2018 with interest 1% per years. pertahun.

Vasco Trading Ltd berdasarkan Notice of Transfer No. L- Vasco Trading Ltd based on Notice of Transfer No. L-PST- PST-EHS-NAC-015-VII-12 tanggal 23 Juli 2012 dan

EHS-NAC-015-VII-12 dated July 23, 2012 and MTN Sertifikat MTN No. 001/VII/Vasco/MTN/2012 telah jatuh

Certificate No. 001/VII/Vasco/MTN/2012 was due to on July tempo pada 23 Juli 2013 dan telah diperpanjang dengan

23, 2013 , has been extended with MTN Certificate No. 004- Sertifikat MTN NO. 004-VII/Vasco/MTN/2013 dan 005-

VII Vasco/MTN/2013 and 005-VII/Vasco/MTN/2015 until July VII/Vasco/MTN/2015 sampai dengan 23 Juli 2017

23,2017 amounting to Rp.30,752,500,000 and l interest 1% dengan nominal Rp30.752.500.000 dan tingkat bunga

per years.

sebesar 1% pertahun.

12. ASET TETAP

12. FIXED ASSETS

Rincian dan mutasi aset tetap adalah sebagai berikut: Details and changes of fixed assets were as follows:

Balance as of

Balance as of

Harga Perolehan Acquisition Cost

Pemilikan Langsung Direct Ownership Tanah

Land Bangunan dan prasarana

6.587.597.226 Buildings and facilities Peralatan mesin dan perbaikan

262.314.188 Machinery equipment and repairment Kendaraan

5.249.096.247 Vehicle Inventaris kantor

2.730.025.959 Office equipment Subtotal

15.167.770.200 Total Sewa Pembiayaan

Finance Lease Kendaraan

247.774.778 Vehicle Selisih nilai aset tetap

Difference value of fixed assets Tanah

36.280.640.000 Land

51.696.184.978 Total Akumulasi Penyusutan

Accumulated Depreciation

Pemilikan Langsung Direct Ownership Bangunan dan prasarana

6.166.250.432 Buildings and facilities Peralatan mesin dan perbaikan

262.314.188 Machinery equipment and repairment Kendaraan

4.330.877.196 Vehicle Inventaris kantor

2.730.025.959 Office equipment Subtotal

13.489.467.775 Total Sewa Pembiayaan

Finance Lease Kendaraan

160.662.136 Vehicle Total

Nilai Tercatat

38.046.055.067 Carrying Value

12. ASET TETAP (Lanjutan)

12. FIXED ASSETS (Continued)

Balance as of

Balance as of

Harga Perolehan Acquisition Cost

Pemilikan Langsung Direct Ownership Tanah

Land Bangunan dan prasarana

Buildings and facilities Peralatan mesin dan perbaikan

Machinery equipment and repairment Kendaraan

Vehicle Inventaris kantor

Office equipment Subtotal

14.164.373.846 Total Sewa Pembiayaan

Finance Lease Kendaraan

Vehicle Selisih nilai aset tetap

Difference value of fixed assets Tanah

50.654.433.846 Total Akumulasi Penyusutan

Accumulated Depreciation

Pemilikan Langsung Direct Ownership Bangunan dan prasarana

Buildings and facilities Peralatan mesin dan perbaikan

Machinery equipment and repairment Kendaraan

2.537.848.011 Vehicle Inventaris kantor

Office equipment Subtotal

11.437.809.030 Total Sewa Pembiayaan

Finance Lease Kendaraan

Vehicle Total

Nilai Tercatat

39.159.470.608 Carrying Value

Grup telah menelaah nilai residu dan umur manfaat dari The Group has reviewed the residual value and useful aset tetap dan manajemen berkeyakinan bahwa estimasi

lives of fixed assets and the management believes the yang diterapkan saat ini sudah memadai.

existing estimates are appropriate.

Perusahaan telah mengadakan perjanjian sewa The Company have entered into finance lease pembiayaan untuk kendaraan (catatan 16).

agreements for vehicle (Note 16).

Aset tetap Grup berupa kendaraan yang dimiliki telah Vehicles owned by the Groups are covered by diasuransikan kepada PT Asuransi Wahana Tata dengan

insurances from PT Asuransi Wahana Tata with a total jumlah

sum insured of Rp2.329.745.000, respectively. Insurance Rp2.329.745.000. Risiko asuransi yang ditanggung

risk coverd are all risk of physical loss and/or damage. adalah semua kerugian atau kerusakan fisik yang

The management believes that sum of insured is diasuransikan. Manajemen berpendapat bahwa nilai

adequate to cover any possible risk on those insured pertanggungan tersebut cukup memadai untuk menutup

assets.

risiko kerugian atas aset yang dipertanggungkan.

13. ASET EKSPLORASI DAN EVALUASI

13. EXPLORATION AND EVALUATION ASSETS

Saldo awal

Beginning balance Penambahan

Saldo akhir

Ending balance

13. ASET EKSPLORASI DAN EVALUASI (Lanjutan)

13. EXPLORATION AND EVALUATION ASSETS (Continued)

Entitas Anak, telah menguasai 2 (dua) konsensi

A subsiadiary, has aquisition 2 (two) gold mining pertambangan emas yang telah memiliki Izin Usaha

concessions that already had a Mining Business Permit Penambangan (IUP) Eksplorasi di Sumatera Barat,

(IUP) Exploration in West Sumatera, Indonesia. Indonesia. Eksplorasi di lahan pertambangan tersebut

Exploration in the mining area has been carried out since sudah dilakukan sejak tahun 2010 setelah diperolehnya

2010 after obtaining exclusive rights. However, further hak ekslusif. Namun kegiatan eksplorasi lanjutan yang

comprehensive exploration activities are carried out by lebih komprehensif dilakukan oleh tim eksplorasi

the Company ’s exploration . The Company’s exploration Perusahaan. Tim eksplorasi Perusahaan sepanjang

team during 2014 , reforms data tersut gold mining in the tahun 2014, melakukan

region while doing outreach to the people living around pertambangan emas di kawasan tersebut sambil

pembaharuan data-data

the mining area in the preparation of the AMDAL in the melakukan sosialisasi kepada seluruh masyarakat yang

operation of advanced exploration and production tinggal di sekitar kawasan pertambangan dalam

operations.

persiapan AMDAL dalam operasi eksplorasi lanjutan dan operasi produksi.

14. ASET LAIN-LAIN

14.OTHERS ASSETS

Uang muka investasi PT Savitrindo

Advance investment PT Savitrindo Hak lisensi

Lisence rights Deposit

Deposit Lain-lain

Deposit jaminan merupakan jaminan atas penyewaan Security Deposit represents the deposit of outlets rental, outlet-outlet, jaminan listrik dan telepon Perusahaan.

installation of electricity and telephone..

Pada bulan Maret 2007, Perusahaan membeli hak In March 2007 the Company acquired licensing rights lisensi dari M2B Game world Pte Ltd untuk melakukan

from M2B Game World Pte Ltd to conduct business in usaha di Indonesia. Harga perolehan untuk hak lisensi

Indonesia. The acquisition cost for the license rights for tersebut sebesar USD 500.000. Pengunaan hak tersebut

USD 500,000. The use right is not limited, The Company tidak dibatasi. Perusahaan belum mengunakan hak

is not using this right for business purposes. tersebut untuk keperluan usaha.

15. UTANG BANK JANGKA PENDEK

15. SHORT-TERM BANK LOAN

PT Bank Muamalat Indonesia Tbk

PT Bank Muamalat Indonesia Tbk PT Mandiri Tunas Finance

PT Mandiri Tunas Finance PT BCA Finance

16.527.778 PT BCA Finance

Total

Total

15. UTANG BANK JANGKA PENDEK - (Lanjutan)

15. SHORT-TERM BANK LOAN – (Continued)

PT BANK MUAMALAT INDONESIA TBK PT BANK MUAMALAT INDONESIA TBK

Entitas Anak, PT Agis Electronic memperoleh fasilitas Subsidiary, PT Agis Electronic obtained loan facility from kredit secara musyarakah dari PT Bank Muamalat

PT Bank Muamalat Indonesia, Tbk based on deed No.87 Indonesia Tbk berdasarkan Akta No.87 tanggal 11 April

dated April 11, 2007 of Notary Arry Supratno S.H. The 2007 oleh Notaris Arry Supratno, S.H.,. Akta tersebut

Deed was changed, and the latest with Approval of tersebut telah diubah, terakhir berdasarkan Persetujuan

Changed of Agreement of Credit No.137 dated of June Perubahan Perjanjian Kredit No.137 tanggal 19 Juni

19, 2007. The credit agreement has been extended 2007. Perjanjian kredit telah diperpanjang berdasarkan

based on the Agreement of Extensoin of Principal Persetujuan Prinsip Perpanjangan Fasilitas Pembiayaan

Financing Facility A1 Musyarakah No.006/OL/BMI- A1 Musyarakah

KPO/REM/V/2011 until April 2012 and the latest based menjadi sampai April 2012 dan terakhir dengan Surat

No.006/OL/BMI-KPO/REM/V/2011

on the Approval Principal Agreement Letter of Al Persetujuan

Musyarakah Financing with submission collateral No Al Musyarakah dengan mekanisme penyerahan agunan

.009/BMI-REM/OL/XI/13 dated November 25, 2013.

No 009/BMI-REM/OL/XI/13 tanggal 25 November 2013.

PT BANK MANDIRI (PERSERO) TBK PT BANK MANDIRI (PERSERO) TBK PT

PT Artha Wahana Prakarsa, an Associate obtained loan memperoleh fasilitas kredit modal kerja dari PT Bank

Artha Wahana

from PT Bank Mandiri (Persero) Tbk berdasarkan Akta No.52 tanggal

Mandiri (Persero) Tbk, based on Deed No.52 dated

12 Oktober 2012 dan addendum I dengan Akta No. 40 October 12, 2012 and Addendum I based on Deed No. tanggal 9 Oktober 2013 oleh Notaris Ferry Susanto

40 dated October 9, 2013 of Notary Ferry Susanto Limbong,

Limbong,S.H.,with the maksimum of facility amounting to Rp.5.900.000.000. Jaminan atas fasilitas kredit ini adalah

S.H.,

Rp5,900,000,000. Credit collateral were Use Rights Sertifikat Hak Guna Bangunan No 996 dan 999 atas

Certificate No 996 and 999 in the name PT Artha nama PT Artha Wahana Prakarsa serta piutang usaha

Wahana Prakarsa, account receivables with cessie dengan

Rp4,000,000,000 and stock with notarial fiducia persediaan

Rp2,000,000,000. Bank loan to PT Bank Mandiri Rp2000.000.000. Utang Bank Mandiri telah dilunasi pada

(Persero) Tbk already repaid on November 6, 2015.

tanggal 6 November 2015.

PT MANDIRI TUNAS FINANCE

PT MANDIRI TUNAS FINANCE

Perusahaan memperoleh fasilitas pembiayaan 2 (dua) The Company, obtained financing two (2) vehicles kendaraan Daihatsu GrandMax Van Blind dan

Daihatsu GandMax Van Blind dan GrandMax PU- GrandMax PU-1.3.Way dari PT Mandiri Tunas Finance

1.3.Way from PT mandiri Tunas Finance for the period dengan jangka waktu sampai 13 Mei 2017 dan 2 Mei

until May 13, 2017 and May 2 2017. The Company 2017. Dan di tahun 2016, Perusahaan memperoleh

obtained financing lease for 7 (seven) vehicles are : 3 fasilitas pembiayaan 7 (tujuh) kendaraan yaitu : 3 unit

units Daihatsu Grandmax, I unit Daihatsu Van Blind and Daihatsu Grandmax, 1 unit Daihatsu Van Blind dan 3

3 units motor vehicles Honda Beat, for the period until unit sepoda motor Honda Beat, dengan jangka waktu

year 2019.

sampai dengan tahun 2019.

16. UTANG USAHA

16. TRADE PAYABLES

Pihak Ketiga 31.993.546.968 5.348.344.681 Third Parties

Total 31.993.546.968 5.348.344.681 Total

Perusahaan tidak memberikan jaminan terhadap The Company does not provide any guarantee for the pembayaran utang Entitas Anak kepada pemasok.

payment of Subsidiaries ’ payables to suppliers.

Jumlah utang usaha berdasarkan saat jatuh temponya The accounts payables amount based on the due date pada 31 Desember 2016 dan 2015 adalah sebagai

as of December 31,2016 and 2015 is as follows: berikut:

> 3 bulan sampai 6 bulan 31.993.546.968 5.348.344.681 > 3 Months to 6 Months > 1 tahun

> 1 Years

Total 31.993.546.968 5.348.344.681 Total

17. UTANG LAIN-LAIN

17. OTHER PAYABLES

Pihak Berelasi

Related Parties Pihak Ketiga

Third Parties

Jumlah utang lain-lain berdasarkan saat jatuh temponya The accounts others payable amount based on the due pada 31 Desember 2016 dan 2015 adalah sebagai

date as of December 31,2016 and 2015 are as follows: berikut:

> 6 bulan sampai 1 tahun

1.640.003.100 > 6 Months to 1 Yeas > 1 tahun

Perusahaan tidak memberikan jaminan terhadap The Company does not provide any guarantee for the pembayaran utang Entitas Anak kepada pemasok.

payment of Subsidiaries ’ payables to suppliers.

18. PERPAJAKAN

18. TAXATION

a. Pajak dibayar dimuka

a. Prepaid taxes

PPn Masukan

VAT In PPh pasal 23

Income tax article 23 PPh pasal 22

Income tax article 22 PPh pasal 25

15.952.934 Income tax article 25

Total

Total

18. PERPAJAKAN - (Lanjutan)

18. TAXATION – (Continued)

b. Utang pajak

b. Taxes payables

VAT out PPh pasal 21

PPn Keluaran

Income rax article 21 PPh pasal 22

594.930.899 Income rax article 22 PPh pasal 23 dan 26

Income rax article 23 and 26 PPh pasal 25

Income rax article 25 PPh pasal 29

Income rax article 29 PPh pasal 4 (2)

Income rax article 4 (2) Pajak final

Final tax

c. Pajak Penghasilan

c. Income Tax

Manfaat (Beban) pajak Grup adalah sebagai berikut : Tax benefit (Expense) of the Group is as follows:

Pajak tangguhan: Deferred tax:

Perusahaan 6.348.594.371 (3.462.800.542) Company Entitas Anak

3.957.777.997 Subsidiaries Sub-total

Sub-total

Total Manfaat (Beban) Total Income Tax Benefit Pajak Penghasilan

(Expense)

Rekonsiliasi antara laba (rugi) Perusahaan sebelum The following calculation presents the reconciliation manfaat (beban) pajak dan estimasi laba (rugi) fiskal

between income (loss) before income tax benefit untuk periode dan tahun yang berakhir pada tanggal

(expense) and estimated fiscal income (loss) for the

31 Desember 2016 dan 2015 berdasarkan laporan periods and years ended December 31,2016 and laba rugi komprehensif konsolidasian dalam mata

2015 based on the consolidated statements of uang Rupiah adalah sebagai berikut:

comprehensive income in Rupiah :

Laba (rugi) sebelum manfaat (beban)

Income (loss) before

pajak penghasilan menurut income tax benefit (expense) per laporan laba rugi komprehensif

consolidated statements of konsolidasian

(45.850.163.122) (24.093.389.302) comprehensive income Dikurangi (laba) rugi sebelum manfaat (beban)

Less (income) loss of Subsidiaries

pajak penghasilan Entitas Anak 2.298.265.035 4.311.548.467 before income tax benefit (expense) Laba (rugi) perusahaan sebelum

Income (loss) before beban pajak penghasilan

(43.551.898.087) (19.781.840.835) income tax expenses

Beda tetap Permanent difference

Taxes expense Pendapatan bunga

Biaya pajak

Interest expense Laba (rugi) dari bagian entitas anak

36.982.758.165 9.513.551.619 Income (loss) from subsiadies Sumbangan

(274.443) Donation Subtotal

37.002.324.594 9.966.110.647 Sub-total

Beda temporer Temporary difference

Penyusutan dan penjualan aset tetap

Depreciation and sales of fixed assets Pemulihan penurunan nilai piutang

Recoverage of impairment dan persediaan

(1.848.902.888) (2.073.309.431) receivables and inventories Imbalan kerja

Employee benefits Subtotal

(1.584.547.774) (2.334.805.189) Sub-total Total

35.417.776.820 7.631.305.458 Total Taksiran rugi fiskal tahun berjalan

(8.134.121.267) (12.150.535.377) Estimated fiscal loss for the year Kompensasi rugi fiskal

Fiscal loss carried forward - awal tahun

(65.135.761.374) (64.323.623.607) - beginning of the year - daluarsa

11.338.397.610 Expired

Taksiran Rugi Fiskal - Estimated Fiscal Loss - Akhir periode

(73.269.882.641) (65.135.761.374) End of the Period

18. PERPAJAKAN - (Lanjutan)

18. TAXATION – (Continued)

d. Pajak Tangguhan

d. Deferred Tax

Mutasi aset (liabilitas) pajak tangguhan – bersih dan Movement of deferred tax assets (liabilities) nett and manfaat (beban) pajak yang terkait pada tanggal 31

the related tax benefit (expense) as of December Desember 2016 dan 2015 adalah sebagai berikut : 31,2016 and 2015 was as follow :

Dibebankan pada

Dibebankan pada

Laporan

Laporan

Laba Rugi

Laba Rugi

Charged to

Saldo

Charged to

Statements of

Balance as of

Statements of

Balance as of

Balance as of

Perusahaan The Company

Aset pajak tangguhan Deferred tax assets Rugi fiskal

22.632.534.715 Accumulated fiscal loss Manfaat imbalan kerja

332.425.508 Employee benefits Penyisihan penurunan nilai

- Allowance impairment piutang

1.682.430.955 receivables Penyisihan penurunan nilai

- Allowance impairment persediaan

Aset pajak tangguhan Deferred tax assets of Perusahaan

25.247.106.689 the Company Entitas Anak

Subsidiary

Aset pajak tangguhan - bersih

24.216.557.299 Deferred tax assets - net

Manajemen berkeyakinan bahwa penghasilan pajak Management believes that sufficient taxable income untuk aset pajak tangguhan direalisasikan pada

will be available in future periods to recover deferred periode mendatang. tax assets.

Berikut ringkasan pemeriksaan pajak signifikan yang The following are the summary of the significant tax diterima oleh Grup :

assessment received by the Group : Pada November 2009, PT Artha Centra Graha,

On November 2009, PT Artha Centra Graha, an Entitas Asosiasi menerima beberapa Surat Ketetapan

Associate received several Tax Assessment Letter Pajak Kurang Bayar (SKPKB) antara lain sebesar

for Underpayment (SKPKB) which consist of Rp3,720,895,302 untuk PPh Badan, Rp 233,584,637

Rp3,720,895,302 for Corporate Income Tax, untuk PPh pasal 4 ayat 2, Rp 1,007,400,000 untuk

Rp233,584,637 for Income tax article 4 (2), PPh 23 serta Rp 1,388,018,369 untuk PPN.

Rp1,007,400,000 for Income tax art 23 and Rp1,388,018,369 for Value Added Tax.

Pada 18 November 2013, PT WOW TV, Entitas On November 18, 2013, PT WOW TV, an Associate, Asosiasi menerima putusan pengadilan pajak dengan

decisions no. no.putusan

and 48138/PP/M.XVI/16/2013 mengenai tidak dapat

48137/PP/M.XI/13/2013

dan

48137/PP/M.XI/13/2013

48138/PP/M.XVI/16/2013 about the unacceptability diterimanya banding atas Surat Ketetapan Pajak

of an appeal against The Tax Assessment Letter for Kurang Bayar Pajak Penghasilan Badan masa pajak

Tax period January- Januari – Desember 2005 sebesar Rp15.345.633.524

Underpayment Income

December 2005 amounted to Rp15.345.633.524 and dan atas Surat Ketetapan Pajak Kurang Bayar Pajak

no. 48419/PP/M.XI/13/2013 against The Tax Pertambahan Nilai masa pajak Januari – Desember

Assessment Letter for Underpayment value Added 2005 sebesar Rp4.660.218.749.

Tax

January-December

2007 amounted to

Rp5,475,859,200.

Pada 29 November 2013, Perusahaan menerima On November 29, 2013, The Company received tax putusan pengadilan pajak dengan no.putusan

court decisions no. 48418/PP/M.XI/13/2013 and no. 48418/PP/M.XI/13/2013

48419/PP/M.XI/13/2013 about the unacceptability of 48419/PP/M.XI/13/2013

dan

no.putusan

an appeal against The Tax Assessment Letter for diterimanya banding atas Surat Ketetapan Pajak

Underpayment Income Tax Article 26 period 2007 Kurang Bayar Pajak Penghasilan Pasal 26 masa

amounted to Rp15,967,436,800 and Value Added pajak 2007 sebesar Rp15.967.436.800 dan Pajak

Tax amounted to Rp5,475,859,200. Pertambahan Nilai sebesar Rp5.475.859.200.

Pada 10 Maret 2014, PT Agis Electronic, Entitas On March 10, 2014, PT Agis Electronic, a Subsidiary Anak menerima putusan pengadilan pajak dengan

decisions no. no.putusan 50513/PP/M.XIA/99/2014 mengenai tidak

50513/PP/M.XIA/99/2014 about the unacceptability dapat diterimanya banding atas Surat Ketetapan

of an appeal against The Tax Assessment Letter for Pajak Kurang Bayar Pajak Pertambahan Nilai tahun

Underpayment value Added Tax 2002 amounted to 2002 sebesar Rp6.195.746.939

Rp6,195,746,939.

18. PERPAJAKAN - (Lanjutan)

18. TAXATION – (Continued)

Beberapa Entitas

The associates were submission of Tax Amnesty. Pengampunan Pajak.

Asosiasi telah mengajukan

Pada 3 Nopember 2016 PT Wow Television On November 3, 2016, PT Wow Television received menerima putusan Direktur Jenderal Pajak dengan

Letters no. no.putusan

Taxes

Decisions

and 15537/NKEB/WPJ.06/2016 mengenai pembatalan

15536/NKEB/WPJ.06/2016

dan

15536/NKEB/WPJ.06/2016

15537/NKEB/WPJ.06/2016 about the cancellation of ketetapan pajak atas Surat Ketetapan Pajak

tax assessment on the tax assessments letters Berdasarkan Pasal 36 ayat (1) huruf B karena

pursuant to article 36 (1) letter B for application of the permohonan wajib pajak.

Company .

Pada 1 Desember 2016 PT Wow Television On December 1, 2016, PT Wow Television received menerima putusan Direktur Jenderal Pajak dengan

letters no. no.putusan 16691/NKEB/WPJ.06/2016 mengenai

taxes

decisions

16691/NKEB/WPJ.06/2016 about the correction of pembetulan atas surat keputusan pembatalan

cancellation of tax assessment on the tax ketetapan pajak atas surat ketetapan pajak

assessments letters pursuant to article 36 (1) letter B berdasarkan asal 36 ayat (1) huruf B karena

for application of the Company . permohonan wajib pajak secara jabatan.

Pada 1 Desember 2016 PT Wow Television On December 1, 2016, PT Wow Television received menerima putusan Direktur Jenderal Pajak dengan

letters no. no.putusan 16694/NKEB/WPJ.06/2016 mengenai

taxes

decisions

16694/NKEB/WPJ.06/2016 about the correction of pembetulan atas surat keputusan pembatalan

cancellation of tax assessment on the tax ketetapan pajak atas surat ketetapan pajak

assessments letters pursuant to article 36 (1) letter B berdasarkan asal 36 ayat (1) huruf B karena

for application of the Company . permohonan wajib pajak secara jabatan.

Pada 3 Nopember 2016 PT Agis Electronic On November 3, 2016, PT Agis Electronic received menerima Keputusan Direktur Jenderal Pajak dengan

Letters no. no.putusan 15531/NKEB/WPJ.06/2016 mengenai

Taxes

Decisions

15531/NKEB/WPJ.06/2016 about the cancellation of pembatalan ketetapan pajak atas Surat Ketetapan

tax assessment on the tax assessments pursuant to Pajak Berdasarkan Pasal 36 ayat (1) huruf B karena

article 36 (1) letter B for application of the Company . permohonan wajib pajak.

Pada 1 Desember 2016 PT Agis Electronic On December 1, 2016, PT Agis Electronic received menerima putusan Direktur Jenderal Pajak dengan

Letters no. no.putusan 16686/NKEB/WPJ.06/2016 mengenai

Taxes

Decisions

16686/NKEB/WPJ.06/2016 about the correction of pembetulan atas surat keputusan pembatalan

cancellation of tax assessment on the tax ketetapan pajak atas surat ketetapan pajak

assessments pursuant to article 36 (1) letter B for berdasarkan asal 36 ayat (1) huruf B karena

application of the Company .

permohonan wajib pajak secara jabatan.

Pada 3 Nopember 2016 PT Artha Centra Graha On November 3, 2016, PT Artha Centra Graha menerima Keputusan Direktur Jenderal Pajak dengan

Decisions Letters no. no.

received

Taxes

and 15539/NKEB/WPJ.06/2016,

Keputusan

15538/NKEB/WPJ.06/2016,

15538/NKEB/WPJ.06/2016

no.15539/NKEB/WPJ.06/2016, 15541/NKEB/WPJ.06/2016 dan no.

and 15543/NKEB/WPJ.06/2016 mengenai pembatalan

Keputusan

15541/NKEB/WPJ.06/2016

15543/NKEB/WPJ.06/2016 about the cancellation of ketetapan pajak atas Surat Ketetapan Pajak

tax assessment on the tax assessments pursuant to Berdasarkan Pasal 36 ayat (1) huruf B karena

article 36 (1) letter B for application of the Company . permohonan wajib pajak.

Pada 1 Desember 2016 PT Artha Centra Graha On November 3, 2016, PT Artha Centra Graha menerima Keputusan Direktur Jenderal Pajak dengan

decisions letters no. no.

received

Taxes

and 16687/NKEB/WPJ.06/2016

Keputusan

16683/NKEB/WPJ.06/2016,

16683/NKEB/WPJ.06/2016

no.16687/NKEB/WPJ.06/2016 and 16692/NKEB/WPJ.06/2016,

and

and 16696/NKEB/WPJ.06.2016 mengenai pembetulan

16692/NKEB/WPJ.06/2016

16696/NKEB/WPJ.06/2016 about the cancellation of atas surat keputusan pembatalan ketetapan pajak

tax assessment on the tax assessments pursuant to atas Surat Ketetapan Pajak Berdasarkan Pasal 36

article 36 (1) letter B for application of the Company . ayat (1) huruf B karena permohonan wajib pajak secara jabatan.

19. BIAYA YANG MASIH HARUS DIBAYAR

19. ACCRUED EXPENSES

Jasa profesi

Professional fee Kas kecil

Petty cash Gaji dan tunjangan

Salaries and allowance

20. PENDAPATAN DITERIMA DI MUKA

20. UNEARNED REVENUE

Uang muka penjualan pelanggan Advance from customers dan jasa servis

and services

21. EMPLOYEE BENEFIT OBLIGATIONS Perusahaan mengakui kewajiban imbalan kerja sesuai

21. KEWAJIBAN IMBALAN KERJA

The Company recognizes obligation for employee dengan peraturan ketenagakerjaan yang berlaku.

benefits in accordance with applicable labor laws. Work Kewajiban diestimasi atas imbalan Kerja Perusahaan per

estimated liability for the Company as of March 31, 2016

31 Desember 2016 dan 31 Desember 2015 dihitung oleh and December 31,2015 in Count by management and manajemen berdasarkan asumsi aktuaris independen

PT. Sakura Aktualita Indonesia, through an independent dan PT. Sakura Aktualita Indonesia, aktuaris independen

actuary report dated March 15, 2017 and March 10, melalui laporannya tanggal 15 Maret 2017 dan 10 Maret

Manajemen berkeyakinan bahwa estimasi atas uang Management believes that the estimates of the money jasa tersebut telah memadai untuk Liabilitas imbalan

has been adequate services for employee benefit

kerja. obligations.

31 Desember 2016 dan 2015 / December 31, 2016 and 2015

Tingkat diskonto

Discount rate Tingkat kenaikan gaji

8,5% per tahun / 8.5% per annum

Salary growth rate Tingkat mortalitas

5% per tahun / 5% per annum

Mortality rate Umur pensiun normal

100% dari Tabel TMI III / 100% from table TMI III

Normal retirement age Tingkat kemungkinan cacat

55 tahun / 55 years

Disability Tingkat pengunduran diri

5% menurun secara linear sampai / 5% decreasing linearly to 0% at

Resignation rate

age 45

pada usia 45 tahun

Proporsi pengembalian

Proportion of normal pension normal metode

Projected unit credit

pension rate method

21. KEWAJIBAN IMBALAN KERJA (Lanjutan)

21. EMPLOYEE BENEFIT OBLIGATIONS (Continued)

Nilai kini kewajiban 4.474.521.030 3.756.345.435 Present value of obligation

Total 4.474.521.030 3.756.345.435 Total

Saldo awal tahun 3.756.345.435 3.041.437.904 Beginning of the year Beban imbalan pasca-kerja

477.023.645 459.455.591 Post employment benefits Beban pada OCI

241.151.950 255.451.940 Actuarial gain

Saldo akhir tahun 4.474.521.030 3.756.345.435 Ending balance of the year

Keuntungan (kerugian) Actuarial gain (loss) consolidated tahun berjalan konsolidasian

(241.151.950) (255.451.940) during the year Keuntungan (kerugian) Entitas Anak

604.073.289 (31.590.303) Actuarial gain (loss) subsidiaries Keuntungan (kerugian) aktuarial

362.921.339 (287.042.243) Actuarial gain (loss) Saldo awal tahun

3.239.854.777 3.526.897.020 Beginning of the year

Saldo akhir tahun 3.602.776.116 3.239.854.777 Ending balance of the year

22. UTANG INVESTASI

22. INVESTMENT LOAN

Liabilitas investasi 13.100.000.000 13.100.000.000 Investment loan

Total 13.100.000.000 13.100.000.000 Total

Jumlah tersebut merupakan pinjaman yang diterima This amount represents a loan the Company received perusahaan dari GEM Global Yield Fund Limited, tanpa

from GEM Global Yield Fund Limited, with no interest bunga dan akan dikonversi menjadi saham. Atas kredit

and will be converted into shares. On loans, the tersebut Perusahaan diwajibkan menerbitkan waran

Company issued warrants are required as many as sebanyak 500.000.000 lembar kepada GEM dengan

500.000.000 shares on GEM with an exercise price of harga pelaksanaan Rp.125,- ( Lihat catatan 35d, 35e

Rp125, - (See note 35d, 35e and 36). dan 36).

23. CAPITAL STOCK

23. MODAL SAHAM

Komposisi Pemegang

The composition pf Shareholders on September 30,

31 Desember 2016 dan 31 Desember 2015 berdasarkan 2016 and December 31,2015 based in the report from laporan yang telah diadminitrasikan oleh Biro Adminitrasi

PT Bhakti Share Register (BSR Indonesia) as its Share Efek (BAE) PT. Bhakti Share Register (BSR Indonesia)

Registration are as follows :

adalah sebagai berikut :

31 Dersember 2016 / 'December 31, 2016

Jumlah Saham

Persentase

Ditempatkan dan

Kepemilikan/

Disetor/

Percentage of

Number of Issued

Ownership

Pemegang Saham

and Paid Shares

PT ASABRI (Persero)

57.980.340.000 PT ASABRI (Persero) Masyarakat (masing-masing dibawah 5%)

1.042.436.409.400 Public (each below 5%)

31 Dersember 2015 / 'December 31, 2015

Jumlah Saham

Persentase

Ditempatkan dan

Kepemilikan/

Disetor/

Percentage of

Number of Issued

Ownership

Pemegang Saham

and Paid Shares

Credit Suisse Securities Credit Suisse Securities (Europe) Limited

101.016.900.000 (Europe) Limited PT Pratama Duta Sentosa

60.895.600.000 PT Pratama Duta Sentosa PT ASABRI (Persero)

69.573.960.000 PT ASABRI (Persero) Masyarakat (masing-masing dibawah 5%)

868.930.289.400 Public (each below 5%)

Berdasarkan Akta Berita Acara No.16 tanggal 25 Juli Based on the Deed No. 16 dated July 25, 2008 of 2008 dari Notaris Edwar, S.H, notaris di Jakarta dan

Edwar, S.H., notary in Jakarta and PKR Deed No.18 Akta PKR No. 18 tanggal 30 September 2008 dengan

dated September 30, 2008 of Notary Edwar, S.H., notary Notaris Edwar, S.H., notaris di Jakarta dan telah

in Jakarta and was approved by The Minister of Justice disahkan oleh Menteri Kehakiman Republik Indonesia

of the Republic of Indonesia dated September 25, 2008 tanggal 25 September 2008 No. AHU-AH.01.10-

No. AHU-AH.01.10-22164.year 2008, the authorized 22164.tahun 2008, modal dasar perusahaan menjadi

capital of the Company into 6,771,459,120 shares with a 6.771.459.120

value Rp.1,342,291,824,000. Of this amount issued fully Rp.1.342.291.824.000. Dari jumlah tersebut ditempatkan

paid as much as 5,501,249,976. shares or equivalent disetor penuh sebanyak 5.501.249.976. saham atau

Rp.1,100,249,995,200.

senilai Rp.1.100.249.995.200.

24. ADDITIONAL PAID-IN CAPITAL (DISCOUNT ON MODAL SAHAM)

24. TAMBAHAN MODAL DISETOR (DISAGIO ATAS

SHARE CAPITAL)

Agio saham Penawaran umum perdana tahun 1994

3.500.000.000 3.500.000.000 Initial public stock offering 1994 Penambahan agio dari dividen saham

Additional paid in capital from stock tahun 1997

1.342.600.000 1.342.600.000 dividend 1997 Penawaran terbatas I tahun 1997

Limited public offering I 1997 Penawaran terbatas II tahun 2001

Limited public offering II 2001 Penawaran terbatas III tahun 2008

5.129.833.622 5.129.833.622 Limited public offering III 2008

Biaya penerbitan saham Penawaran umum perdana tahun 1994

1.558.063.488 1.558.063.488 Initial public stock offering 1994 Penawaran terbatas I tahun 1997

2.811.183.975 2.811.183.975 Limited public offering I 1997 Penawaran terbatas II tahun 2001

5.603.186.159 5.603.186.159 Limited public offering II 2001 Penawaran terbatas III tahun 2008

2.196.887.005 2.196.887.005 Limited public offering III 2008

Total agio saham (2.196.887.005) (2.196.887.005) Total agio saham

25. KOMPONEN EKUITAS LAINNYA

25. OTHERS COMPONENT OF EQUITY

Komponen ekuitas lainnya merupakan pencatatan Other components of equity is a recording of the Perusahaan atas penurunan nilai ekuitas pada entitas

Company for impairment of equity in subsidiaries, anak yaitu di PT Agis Mitra Mandiri dan PT Agis

PT Agis Mitra Mandiri and PT Agis Electronic, as Electronic, sebagai Selisih transaksi perubahan ekuitas

Difference arising from changes in equity of subsidiaries. entitas anak.

Komponen ekuitas lainnya merupakan pencatatan Other components of equity is a recording of the Perusahaan atas penurunan nilai ekuitas pada entitas

Company for impairment of equity in subsidiaries, anak yaitu di PT Agis Mitra Mandiri dan PT Agis

PT Agis Mitra Mandiri and PT Agis Electronic, as Electronic, sebagai Selisih transaksi perubahan ekuitas

Difference arising from changes in equity of subsidiaries.

entitas anak.

Selisih transaksi perubahan Difference arising from changes in ekuitas entitas anak Perusahaan

(116.511.974.857) (116.511.974.857) equity of subsidiaries

Total (116.511.974.857) (116.511.974.857) Total

Jumlah tersebut merupakan penurunan nilai investasi The amount represents the decrease of investment in dalam

saham Entitas Anak perusahaan, yang shares of a Subsidiary, which was due to the change in dikarenakan terjadinya perubahan dalam ekuitas Entitas

equity of Subsidiaries because the Company adopted Anak perusahaan karena menerapkan PSAK No. 50

SFAS No. 50 (Revised 2006) and SFAS No. 55 (Revised (Revisi 2006) dan PSAK No. 55 (Revisi 2006) secara

2006) prospectively from January 1, 2010. prospektif sejak tanggal 1 Januari 2010.

Dampak transisi atas penerapan PSAK No. 50 (Revisi Impact of transition on the application of SFAS No. 50 2006) dan PSAK No. 55 (Revisi 2006) terhadap saldo

(Revised 2006) and SFAS No. 55 (Revised 2006) to the awal laporan posisi keuangan Entitas Anak perusahaan

beginning statements of financial statement of the pada tanggal 1 Januari 2010 adalah sebagai berikut:

Company Subsidiaries as at 1 January 2010 is as follows:

25. KOMPONEN EKUITAS LAINNYA

25. OTHERS COMPONENT OF EQUITY

Nilai dilaporkan/

Penyesuaian/

Nilai disesuaikan/

Reported value

Adjustment

Adjusted value

PT Agis Electronic PT Agis Electronic

Investasi MTN Grand Resources 357.027.000.000 (49.327.266.852) 307.699.733.148 Investment MTN Grand Resources

PT Agis Mitra Mandiri PT Agis Mitra Mandiri

Investasi MTN BBC 354.500.000 (39.332.534) 315.167.466 Investment MTN BBC Investasi MTN New Asia

155.489.500.000 (19.150.113.076) 136.339.386.924 Investment MTN New Asia Investasi MTN Orion

25.826.000.000 (3.371.811.386) 22.454.188.614 Investment MTN Orion Investasi MTN Grand Resources

326.278.000.000 (45.096.247.233) 281.181.752.767 Investment MTN Grand Resources

Total 864.975.000.000 (116.984.771.081) 747.990.228.919 Total

Penurunan nilai investasi dalam saham sebagai berikut : Declining of investment in share as follows :

Nilai dilaporkan/

% kepemilikan/ %

Nilai disesuaikan/

Reported value

ownership

Adjusted value

Investasi MTN PT Agis Electronic

(48.854.470.628) Investment MTN PT Agis Electronic Investasi MTN PT Agis Mitra Mandiri

(67.657.504.229) Investment MTN PT Agis Mitra Mandiri

Total (116.984.771.081) (116.511.974.857) Total

26. KEPENTINGAN NONPENGENDALI

26. NON-CONTROLLING INTERESTS

Kepentingan nonpengendali atas laba (rugi) bersih Non-controlling interest in total comprehensive income Entitas Anak yang dikonsolidasi

(loss) of consolidated subsidiaries

Saldo awal

Beginning balance Fujian Xinjifu

Fujian Xinjifu Enterprises Group Co.,Ltd

Enterprises Group Co.,Ltd Lain-lain

Saldo akhir

Ending balance

27. PENJUALAN DAN PENDAPATAN

27. SALES AND REVENUES

Sales merchandise Jasa perbaikan elektronik dan lainnya

Penjualan barang dagangan

Service electricity and others Retur dan potongan penjualan

Return sales and discount

28. HARGA POKOK PENJUALAN

28. COST OF SALES

Harga pokok penjualan barang 42.826.782.117 32.017.693.114 Cost of sales Harga pokok jasa perbaikan dan lainnya

12.492.967.417 21.258.075.579 Cost of service and others

Total 55.319.749.534 53.275.768.693 Total

29. BEBAN USAHA

29. OPERATING EXPENSES

Beban penjualan : Selling expenses : Gaji dan kesejahteraan

2.231.927.723 Salaries and employee welfare Sewa

1.159.502.095 Rent Utilitas

460.137.962 Utilities Perbaikan dan pemeliharaan

273.568.415 Repairs and maintenance Penyusutan aset tetap

237.275.238 Depreciation of fixed assets Transportasi dan perjalanan dinas

357.561.117 Transportation and business travel Iklan dan promosi

144.486.407 Promotion and advertising Lain-lain

Total 5.596.111.687 4.865.289.957 Total

Beban umum dan administrasi : General and administrative expense : Gaji dan kesejahteraan

2.849.953.446 4.822.175.961 Salaries and employee welfare Penyusutan aset tetap

1.377.371.453 883.860.474 Depreciation of fixed assets Utilitas

692.508.203 Utilities Operasional kantor dan konsultan

599.249.043 Operating office and consultants Sewa

1.183.407.580 1.669.909.494 Rent Imbalan pasca kerja

459.455.591 Post employee benefits Perlengkapan kantor

577.770.041 Office supplies Pajak dan perijinan

1.351.317.087 Tax and permits Transportasi dan perjalanan dinas

456.331.411 Transportation and business travel Sumbangan

22.146.975 Donation Iuran

479.831.232 Retribution Perbaikan dan pemeliharaan

47.940.356 Repair and maintenance

Total 8.473.973.781 12.062.495.868 Total

30. PENDAPATAN (BEBAN) LAIN-LAIN

30. OTHERS INCOME (EXPENSES)

Pendapatan lain-lain bersih : Selling expenses nett: Pendapatan bunga investasi dan

Interest income on investment and penurunan nilai investasi bersih

(8.782.938.021) (6.862.126.206) impairment of investment - nett Keuntungan penjualan aset

1.720.017.481 Gain on sales of fixed assets Pendapatan bunga bank

31.727.605 Interest income Pemulihan penurunan nilai

Recoverage of impairment piutang dan persediaan

(30.195.806.294) (8.786.180.280) receivables and inventories Pendapatan lain-lain bersih

(321.020.717) (68.520.270) Others - nett

Total (39.269.803.054) (13.965.081.670) Total

31. BEBAN BUNGA DAN KEUANGAN

31. INTEREST AND FINANCE CHARGES

Bunga dan administrasi bank Interest and administrative bank serta kartu kredit

(856.613.162) (401.002.993) and credit cards charges

Total (856.613.162) (401.002.993) Total

32. SIFAT DAN TRANSAKSI DENGAN PIHAK BERELASI

32 TRANSACTIONS WITH RELATED PARTIES

Aset : Assets : Piutang usaha

756.052.316 1.024.456.120 Trade receivables Piutang lain-lain

120.125.987 Others receivables

Total 756.052.316 1.144.582.107 Total

Receivables pencentage to assets Liabilitas :

Persentasi piutang terhadap total aset

31 Maret 2014/ 0,07%

31 Desember 2013/ 0,10%

Liabilities : Utang lain-lain

299.312.000 1.510.382.631 Others payables

Total 299.312.000 1.510.382.631 Total

Persentasi utang terhadap total aset

Payables pencentage to assets

33. INFORMASI SEGMEN USAHA

33. BUSINESS SEGMENT INFORMATION

Perusahaan dan Entitas Anak perusahaan pada saat ini At present, the Company and its Subsidiaries are melakukan kegiatan usaha sebagai berikut :.

engaged in the business as follows :

December 31, 2016 Penjualan dan pendapatan

63.666.088.096 Sales and revenues Harga pokok penjualan

55.319.749.534 Cost of sales Laba kotor

8.346.338.562 Gross profit Beban usaha

(40.822.486) (14.070.085.468) Operating expense Hasil Segmen

(40.822.486) (5.723.746.906) Subtotal Pendapatan dan beban lain-lain

(38.747.593.009) (11.956.868.731) (26.381.338.224) (23.374.417) (40.126.416.216) Others income (expenses) Pendapatan (beban) pajak

6.348.594.371 Tax benefit (expense) Revenues

Laba Bersih (37.407.640.959) (12.631.150.831) (26.381.338.224) (64.196.903) (39.501.568.751) Net Income

December 31, 2015 Penjualan dan pendapatan

60.476.249.879 Sales and revenues Harga pokok penjualan

53.275.768.693 Cost of sales Laba kotor

7.200.481.186 Gross profit Beban pokok pendapatan dan

Revenues Beban usaha

(35.872.910) (16.927.785.825) Operating expense Hasil Segmen

(35.872.910) (9.727.304.640) Subtotal Pendapatan dan beban lain-lain

(14.366.084.666) Others income (expenses) Pendapatan (beban) pajak

Tax benefit (expense)

Rugi Bersih (13.526.798.593) (9.366.460.982) (686.495.817) (18.656.455) (23.598.411.847) Net Loss

34. NILAI WAJAR ASET DAN LIABILITAS KEUANGAN

34. FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES

Tabel dibawah ini menggambarkan nilai tercatat dan nilai The fair values of financial assets and liabilities, together wajar dari aset dan liabilitas keuangan: with the carrying amounts, are as follows:

31 Desember/December 31 , 2016

31 Desember/December 31 , 2015

Nilai tercatat/

Nilai wajar/

Nilai tercatat/

Nilai wajar/

Carrying amount

Fair value

Carrying amount

Fair value

Aset keuangan : Financial Assets

Kas dan bank 3.203.014.720 3.203.014.720 3.201.361.187 3.201.361.187 Cash and banks Piutang usaha :

Trade receivables Pihak berelasi

756.052.316 756.052.316 1.024.456.120 1.024.456.120 Related parties Pihak ketiga - bersih

82.170.392.745 82.170.392.745 66.559.907.526 66.559.907.526 Third parties Piutang lain-lain

Other receivables Pihak berelasi

- 120.125.987 120.125.987 Related parties Pihak ketiga - bersih

72.657.280.191 72.657.280.191 87.582.203.603 87.582.203.603 Third parties Investasi jangka panjang lainnya

678.305.675.773 678.305.675.773 694.169.743.793 694.169.743.793 Long term investment

Total 837.092.415.745 837.092.415.745 852.657.798.216 852.657.798.216 Total Liabilitas keuangan :

Financial liabilities

Utang bank 98.457.035.370 98.457.035.370 98.840.437.708 98.840.437.708 Bank loan Utang usaha :

Trade payables Pihak ketiga - bersih

31.993.546.968 31.993.546.968 5.348.344.681 5.348.344.681 Third parties Utang lain-lain :

Others payables Pihak berelasi

299.312.000 299.312.000 1.510.382.631 1.510.382.631 Related parties Pihak ketiga - bersih

4.080.950.001 4.080.950.001 1.640.003.100 1.640.003.100 Third parties Biaya yang masih harus dibayar

841.787.936 841.787.936 464.230.031 464.230.031 Accrued expenses

Total 135.672.632.275 135.672.632.275 107.803.398.151 107.803.398.151 Total

Nilai wajar atas sebagian besar aset dan liabilitas The fair value of most of the financial assets and keuangan mendekati nilai tercatat karena dampak

liabilities approximates their carrying amount, as the pendiskontoan yang tidak signifikan. Nilai wajar dari

impact of discounting is not significant. The fair value of utang bank dan utang leasing dinilai menggunakan

bank loan and lease payable are estimated by using discounted cash flow berdasarkan tingkat suku bunga

discounted cash flow applying the effective interest rate efektif terakhir yang berlaku untuk masing-masing

charged by the lenders for the last utilisation in each pinjaman yang diutilisasi.

currency borrowings.

35. KOMITMEN DAN PERJANJIAN-PERJANJIAN PENTING

35. COMMITMENTS AND SIGNIFICANT AGREEMENTS

a. Perjanjian Distribusi

a. Contract of Work

Pada tanggal 1 November 1996, Entitas Anak As of November 1, 1996, The Subsidiaries of PT. Agis Electronic yaitu PT. Artha Wahana Karya

PT.Agis Electronic were : PT Artha Wahana Karya (AWK), PT. Artha Wahana Surya (AWS) dan PT.

(AWK), PT Artha Wahana Surya (AWS) and Artha Wahana Prakasa (AWP) (bersama – sama

PT.Artha Wahana Prakarsa (AWP) (together diseb ut

reffered as related parties’) was signed a menandatangani perjanjian distribusi dengan PT.

distribution agreement with PT Sony Indonesia (SI). Sony Indonesia (SI). Perjanjian – perjanjian ini

These agreements are as follow: antara lain meliputi :

1. menunjukan pihak – pihak terkait sebagai 1. SI shows the party – party relate as distributor distributor non – ekslusif produk SONY untuk

non – ekslusif SONY'S product to region – wilayah – wilayah sebagai berikut :yang akan

region as follows :shall continue for a period of berlangsung untuk jangka waktu 30 tahun.

30 years.

AWS : Sulawesi Selatan AWS: Sulawesi Selatan AWK : Bandung, Semarang, Surabaya dan

AWK: Bandung, Semarang, Surabaya dan

Bali

Bali

AWP: Lampung, Palembang, Medan, AWP: Lampung, Palembang, Medan,

Banjarmasin dan Pontianak.

Banjarmasin dan Pontianak

2. Pihak – pihak terkait setuju untuk membeli dari SI

2. The relevant parties agree to purchase from sejumlah produk “SONY” setiap bulan dengan

SI a number of p roduct “Sony” each month nilai minimum tertentu setelah dikurangi Pajak

with certain minimum value after deduction Pertambahan Nilai.

of value added tax.

35. COMMITMENTS AND SIGNIFICANT AGREEMENTS (Lanjutan)

35. KOMITMEN DAN PERJANJIAN-PERJANJIAN PENTING

(Continued)

'Pada tanggal 1 April 2008 perjanjian diatas telah di 'On April 1, 2008 the above agreement has been perbaharui dan akan berlaku sampai dengan

renewed and will go effect up to September 30, 2009

30 September 2009 dan dapat diperpanjang setiap

and extendable annually.

tahun.

b. Perjanjian Sewa Ruangan

b.Office Rent Aggrements

Grup mengadakan perjanjian sewa ruangan seluas 'The Groups has an office rental agreement for an th 351,34 m2 di UOB Plaza lantai 42 JL. M.H. Thamrin

area 351,34 m2 at UOB Plaza 42 floor,M.H Thamrin kav 8-9, Jakarta dengan PT. UOB Property dengan

street kav 8-9, Jakarta with PT UOB Property for 5 jangka waktu 5 (lima) tahun, dengan nilai sewa pada

(five) years, with rental price for fist year to third years tahun

amounted USD20//m2/month, and fourth year to US$20/m3/bulan dan tahun keempat sd tahun kelima

fiveth year amounted USD22/m2/month, effective US$22/m3/bulan

from November 21, 2013 to November 20, 2018.

21 November 2013- 20 November 2018. Grup mengadakan perjanjian sewa ruangan di Jl. 'The Group has an office rental agreement at Vila Arteri Pondok Indah, Jakarta Selatan dengan nilai

Pondok Indah B.2, South Jakarta with rental price sewa sebesar Rp 150.000.000 per tahun dengan

Rp150,000,000 for 1 year and effective rent periods jangka waktu sewa sampai dengan 31 Oktober 2016.

until October 31, 2016. Office rental agreement at Perjanjian sewa ruangan di Jalan Nagarawangi No

Nagawangi Street No. 52, Tasikmalaya for 2 years

52 Tasikmalaya jangka waktu 2 tahun sampai dengan until April 1, 2016, with rental price for amounted

1 Maret 2016 dengan nilai sewa sebesar Rp40,000,000 for 1 year. Office rental agreement at Rp40.000.000 per tahun. Perjanjian sewa ruangan di

Batununggal, Bandung for an area 144m2 with rental Gatot Subroto, Bandung seluas 144 m2 dengan nilai

price for amounted Rp67,500,000 for 1 year and sewa Rp80.000.000 per tahun dan jangka waktu

effective periods until June 1, 2015. Office rental sampai dengan 1 Juni 2017. Perjanjian sewa ruangan

agreement at Cimahi, Bandung with rental price di Cimahi, Bandung dengan nilai sewa Rp80.000.000

Rp80,000,000 for 1 year and time rental periods until per tahun sampai dengan 2 September 2016.

September 2, 2015. Office rental agreement in Kudus Perjanjian sewa ruangan di Kudus dengan nilai sewa

with rental price Rp50,000,000 for 1 year and Rp70.000.000 per tahun sampai dengan 1 Juni

effective rent period until June 1, 2015. Office rental 2017. Perjanjian sewa ruangan di Makasar dengan

agreement in Makasar with rental price Rp55,000,000 nilai sewa Rp35.000.000 per tahun sampai dengan

for 1 year effective until June 1, 2015.Office rental

30 Juni 2017. Sewa ruangan di Karawang sebesar agreement in Karawang amounting Rp35,000,000 for Rp50.000.000 per tahun dengan jangka waktu sewa

1 year and rental period until April 30, 2015. Office sampai dengan 1 Juni 2016. Sewa ruangan di

Surabaya amounting Surabaya dengan nilai sewa sebesar Rp82.500.000

Rp60,000,000 for 1 year until May 20, 2015. Office per tahun dan jangka waktu sewa sampai dengan 20

rental in Depok amounting Rp30,000,000 for 1 year Mei 2017. Sewa ruangan di Depok sebesar

until December 31,2015. Office rental in Cibubur Rp.35.000.000 per tahun sampai dengan 30 Juni

amounting Rp65,000,000 for 1 year until September 2017.

1, 2015. Office rental in Palembang amounting to Rp80.000.000

Rp35,000,000 for 1 year until September 31, 2015.

1 September 2016. Sewa ruangan di Palembang Office rental in Bali amounting to Rp38,000,000 for sebesar Rp35.000.000 per tahun sampai dengan 31

1 year and rental period until August 31, 2016. September 2016. Sewa ruangan di Bali sebesar Rp38.000.000 per tahun sampai dengan 31 Agustus 2016.

35. COMMITMENTS AND SIGNIFICANT AGREEMENTS (Lanjutan)

35. KOMITMEN DAN PERJANJIAN-PERJANJIAN PENTING

(Continued)

c.Perjanjian Kerja Sama Jasa Layanan Sevice

c.Authorized Service Agreement

Pada tanggal

In March 3, 2014, the Company entered into a after menandatangani Perjanjian Pelayanan Purna Jual

sales service authorized agreement with PT Sony Resmi dengan PT Sony Indonesia. Berdasarkan

Indonesia. Based on this agreement, PT Sony perjanjian ini, PT Sony Indonesia menunjuk

Indonesia pointed to the Company as the authorized Perusahaan sebagai tempat pelayanan purnal jual

place for after-sales service for all Sony Indonesia’s resmi baik pelayanan perbaikan dalam masa garansi

product both in warranty and out of warranty. This maupun di luar masa garansi. Perjanjian ini berlaku

agreement will effective during 1 year and extendable selama 1 tahun dan selanjutnya secara otomatis

annually.

akan diperpanjang.

In January 3, 2011, the Company entered into menandatangani Perjanjian Penunjukan Perwakilan

Pada tanggal 3 Januari 2011, Perusahaan

Centre Agreement with Resmi Samsung dengan PT Samsung Electronics

Authorized

Service

PT Samsung Electronics Indonesia. Based on this Indonesia. Berdasarkan perjanjian ini, Perusahaan

agreement, the Company as the authorized business sebagai rekanan resmi menyediakan jasa layanan

partner should provide repairment service to all servis kepada semua konsumen produk Samsung

Samsung Electronic's consumers until December 31, Electronics hingga 31 Desember 2011 dan telah

2011 and extendable annually. telah diperpanjang setiap tahunnya.

Pada tanggal 2 November 2015, Perusahaan In November 2, 2015, the Company entered into menandatangani Perjanjian Layanan Service Center

Authorized Service Centre Service Agreement with Resmi dengan PT Samsung Electronics Indonesia.

PT Samsung Electronics Indonesia. Based on this Berdasarkan perjanjian ini, Perusahaan sebagai

agreement, the Company means an entity approved entitas yang disetujui oleh PT Samsung Electronics

by PT Samsung Electronics Indonesia for the repair Indonesia untuk melakukan perbaikan dan servis

of products operating at the location and servicing the pada produk dan beroperasi di lokasi serta melayani

service area until December 31, 2016 and extendable area layanan hingga 31 Desember 2016 dan akan

annually.

diperpanjang setiap tahunnya.

Pada tanggal

In April 1, 2011, the Company entered into a service menandatangani Perjanjian Kerjasama Pengadaan

agreement with PT Electronic Solution Indonesia. Jasa Layanan Pusat Servis dengan PT Electronic

Based on this agreement, the Company as the Solution Indonesia. Berdasarkan perjanjian ini,

business partner would repairment service for all Perusahaan sebagai rekanan akan menyediakan jasa

Electronic Solution Indonesia's consumers until layanan servis kepada konsumen Electronic Solution

December 31, 2011. This agreement is currently Indonesia hingga 31 Desember 2011. Perjanjian ini

under extension negotiation.that will be agreed upon sedang

dalam proses

perpanjangan dengan

by both parties.

PT Electronic Solution Indonesia.

Pada tanggal 24 Januari 2011, Perusahaan In January 24, 2011, the Company entered into menandatangani Perjanjian

authorized service agreement with PT Midea Planet Authorized Service Station dengan PT Midea Planet

Penunjukan Midea

Indonesia. Based on this agreement, the Company as Indonesia. Berdasarkan perjanjian ini, Perusahaan

the authorized business partner would provide sebagai rekanan resmi menyediakan jasa layanan

repairment service to all Midea Planet Indonesia's servis kepada semua konsumen Midea Planet

consumers until January 24, 2012. The Company Indonesia hingga 24 Januari 2012. Perusahaan

decided not to extend this agreement. memutuskan untuk tidak memperpanjang perjanjian ini.

35. COMMITMENTS AND SIGNIFICANT AGREEMENTS (Lanjutan)

35. KOMITMEN DAN PERJANJIAN-PERJANJIAN PENTING

(Continued)

d.Audit Aspek hukum

d.Legal Audit

Berdasarkan Engagement Letter tanggal 18 Maret Under the Engagement Letter dated 18 March 2010, 2010, Peter, S-Marck & Law melakukan legal audit

Peter, S-Marck & Law conduct legal audit of the atas Insvestment Agreement antara Perusahaan

Investment Agreement between The Company with dengan G.E.M Global Yield Fund, Ltd (Investor) serta

GEM Global Yield Fund, Ltd. (Investor) and GEM G.E.M Investment Advisors, Inc (Gemiia). Investor

Investment Advisors, Inc.(Gernia). The investors will akan memberikan Equity Line Of Credit („ELC”)

give Equity Line of Credit (ELC) to the Company with kepada Perusahaan, dengan total komitmen sebesar

total commitment amounted to Rp. 200,000,000,000,- Rp. 200.000.000.000,- (dua ratus milyar rupiah).

(two hundred billion rupiah). Based on legal opinion Berdasarkan surat pendapat hukum dari Peter, S-

report from Peter, S-Marck & Law Ref.02/LO- Marck & Law dengan Ref.02/LO-AGIS/PSML/IV/2010

AGIS/PSML/IV/2010 dated September 11, 2010 menyimpulkan bahwa Investment Agreement dan

concluded that the Investment Agreement and the Repo Agreement yang akan dilakukan sesuai dengan

Repo Agreement to be performend in accordance regulasi dan Undang – undang yang berlaku di

with the Regulations and Law in Indonesia. Indonesia.

e.Perjanjian Investasi e.Invstment Agreement

Perusahaan telah

The Company has signed an Investment Agreement Agreement dengan GEM Global Yield Fund Limited

menandatangani Investment

with GEM Global Yield Fund Limited ("GEM") on April ("GEM") pada tanggal 23 April 2010. GEM

23, 2010. GEM provides equity line of credit facility memberikan fasilitas Equity Line of Credit ( "ELC")

("ELC") with up to Rp. 200,000,000,000, - (two dengan jumlah sampai Rp.200.000.000.000,- (dua

hundred billion dollars) without interest to be ratus milyar rupiah) tanpa bunga yang akan

converted into shares. with the facility required the dikonversi menjadi saham. dengan fasilitas tersebut

Company issued 500,000,000 shares warrants to perusahaan diwajibkan menerbitkan 500.000.000

GEM with an exercise price of Rp125, - To meet the lembar waran

requirements for the issuance of ELC, the Company pelaksanaan Rp.125,- Untuk memenuhi persyaratan

kepada GEM

dengan harga

will issue warrants series III (see notes 23,35d,36). penerbitan ELC, maka Perusahaan akan menerbitkan waran seri III (lihat catatan 23,35d,36).

f. Perjanjian Ekslusivity

f.Ekslusivity Agreement

Pada hari Selasa tanggal 21 Desember 2010, On Tuesday, December 21, 2010, ekslusivity dilakukan perjanjian ekslusivity antara :

agreement between:

1. Richardus Ardi Sunjoyo "RAS" as a Utama yang mewakili Direksi PT ISM serta

1. Richardus Ardi Sunjoyo "RAS" selaku Direktur

President Director who represents the Board of sebagai pemegang dan pemillik 3.500 lembar

Directors PT ISM as shareholders and owner of saham (87,5%) yang dikeluarkan PT ISM, 2) Tan

3,500 shares (87.5%) That issued by PT ISM, 2) Eddy "TE" selaku Komisaris PT ISM serta

Tan Eddy "TE" as a Commissioner of PT ISM as sebagai pemegang dan pemillik 300 lembar

shareholders and owner of 300 shares (7.5) that saham (7,5) yang dikeluarkan PT ISM, disebut

was issued by PT ISM, were called the First Parties. Pihak Pertama.

2. Iwan Sutadi Sidarta “ISS” dalam hal ini bertindak 2.Iwan Sutadi Sidarta “ISS” in act for himself as untuk diri sendiri selaku pribadi dan Firmansyah

personal and Firmansyah Yusuf "FY"in act for Yusuf "FY" dalam hal ini bertindak untuk diri

himself as personal and then ISS, FY and / or sendiri selaku pribadi selanjutnya ISS, FY dan

affiliated parties who called the Second Parties. atau pihak-pihak yang terafiliasi disebut Pihak Kedua.

3.PT Sigmagold Inti Perkasa Tbk (dahulu PT Agis 3.PT Sigmagold Inti Perkasa (formerly PT Agis Tbk), Tbk, yang diwakili oleh Steven Kesuma bertindak

which was represented by Steven Kesuma act as sebagai Direktur Utama disebut Pihak Ketiga.

the President Director referred to the Third Party.

35. COMMITMENTS AND SIGNIFICANT AGREEMENTS (Lanjutan)

35. KOMITMEN DAN PERJANJIAN-PERJANJIAN PENTING

(Continued)

Para Pihak setuju dan sepakat untuk melakukan The Parties agreed to cooperate in the manage of mining kerjasama

areas in Sumatera, when the Third Party has the pertambangan di Sumatera, dimana Pihak Ketiga

exclusive right to acquire 60% share in PT ISM, which memiliki hak ekslusif untuk melakukan akuisisi 60%

will be implemented if based on independent surveyor saham PT ISM, yang akan dilaksanakan apabila

report obtained a positive indication of the value of gold berdasarkan hasil laporan dari surveyor independen

content and / other mining products or other values that diperoleh indikasi positif adanya nilai kandungan emas

are considered economically by Third Party dan / hasil tambang lainnya atau nilai lain yang dianggap

ekonomis oleh Pihak Ketiga.

Pada hari Selasa tanggal 21 Desember 2010, dilakukan On Tuesday, December 21, 2010, conducted ekslusivity perjanjian ekslusivity antara :

agreement between:

1. Iwan Sutadi Sidarta "ISS" selaku Direktur Utama

1. Iwan Sutadi Sidarta "ISS" as a President Director yang mewakili Direksi "BBP" serta sebagai

who represents of the Board of Directors "BBP" pemegang dan pemillik 1.250 lembar saham (50)

and also as shareholders and owners of 1250 yang dikeluarkan PT BBP, 2) Firmansyah Yusuf

shares (50) that was issued by PT BBP, 2) ) "FY" selaku pribadi.

Firmansyah Yusuf "FY", as a personal.

2. PT Sigmagold Inti Perkasa Tbk (dahulu PT Agis

2. PT Sigmagold Inti Perkasa Tbk (formerly PT Agis Tbk), yang diwakili oleh Steven Kesuma

Tbk), which was represented by Steven Kesuma bertindak sebagai Direktur Utama disebut Pihak

act as the President Director as the Second Kedua.

Party.

Para Pihak setuju dan sepakat untuk melakukan All the parties agreed to cooperate in the manage of kerjasama dalam pengelolaan wilayah usaha

mining areas in Sumatera, where the Second Party pertambangan di Sumatera, dimana Pihak Kedua

has the exclusive right to acquire 60% share of the memiliki hak ekslusif untuk melakukan akuisisi 60%

Company that will be established by the First Party saham perusahaan lain yang akan didirikan

who will become legal owner or accepter assignment kemudian oleh Pihak Pertama yang akan menjadi

of acquisition IUP and it will implemented if based on pemilik sah atau penerima pengalihan hak atas IUP

independent surveyor report got a positive indication akuisisi akan dilaksanakan apabila berdasarkan hasil

value of gold content and / other value that is laporan dari surveyor independen diperoleh indikasi

considered economical by the Second Party. positif adanya nilai kandungan emas dan / hasil tambang lainnya atau nilai lain yang dianggap ekonomis oleh Pihak Kedua.

g. Perjanjian Kerja Sama Investasi

g. Joint Venture Agreement

Pada tanggal 17 Desember 2011, Perusahaan On December 17, 2011, The Company entered into mengikat kerja sama investasi dengan Fujian Xinjifu

Investment Agreement with Fujian Xinjifu Enterprises Enterprises Group Co.,Ltd., perusahaan terbatas dari

Group Co.,Ltd.,. the limited liability company that RRC yang bergerak di bidang pertambangan mineral

established in RRC which operated in mineral, coal dan batu bara serta sumber daya alam di Indonesia. and other natural resources mining in Indonesia.

Perusahaan terbatas yang akan didirikan tersebut The authorized capital of the Company shall be memiliki modal dasar Rupiah setara USD 50,000,000

stated in Rupiah and equivalent to USD 50,000,000, yang terbagi atas 50.000 lembar saham dengan nilai

divided into 50,000 shares with a nominal value of nominal USD 1.000 per sahamnya.

each share of USD 1,000.

Sebanyak USD 12,500,000 (25% dari total modal

A total of USD12,500,000 (25% of the total authorized dasar) disetor penuh pada saat pendirian dengan

capital) fully paid at the time of the establishment of proporsi USD 6,375,000 dari Perusahaan dan USD

the proportion of the Company's USD 6,375,000 and 6,125,000 dari Fujian sehingga porsi kepemilikan

USD 6,125,000 of Fujian that ownership was 51% and adalah 51% dan 49%.

h. Perjanjian Jual Beli Saham Bersyarat

h. Conditional Sale and Purchase agreement

Perjanjian ini dibuat dan ditandatangani pada hari This agreement was made and signed on Friday, Jumat, tanggal 14 Desember 2012, oleh dan

dated December 14, 2012, by and between: diantara:

35. COMMITMENTS AND SIGNIFICANT AGREEMENTS (Lanjutan)

35. KOMITMEN DAN PERJANJIAN-PERJANJIAN PENTING

(Continued)

1. PT. Agis Resources suatu Perusahaan terbatas

1. PT. Agis Resources a limited liability Company yang didirikan berdasarkan Hukum Republik

duly established under and by virtue of the laws Indonesia, berkantor di MNC Tower, Lt. 6, Jalan

of Republic of Indonesia, having its registered th Kebon Sirih Kav. 17-19, Jakarta Pusat, dalam hal

office in Indonesia, MNC Tower, 6 floor , Kebon ini diwakili oleh Presiden Direktur, Erwin Tan,

Sirih Street Kav. 17-19, Central Jakarta , in this bertindak untuk dan atas nama Perusahaan.

matter is represented by, Mr. Erwin Tan, in his Selanjutnya disebut sebagai “AR”

capacity as the President Director of the Company, acting for and on behalf of the Company

. Hereinafter referred to as the “AR”.

2. PT.IJM suatu Perusahaan terbatas yang didirikan

2. PT. IJM a limited liability Company duly berdasarkan

established under and by virtue of the laws of berkantor di Jalan Tubagus Angke No. 2, RT

Republic of Indonesia, having its registered office 016/010, Jelambar Baru, Grogol Petamburan,

in Tubagus Angke Street No. 2, RT 016/010, Jakarta Barat, dalam hal ini diwakili oleh Direktur

Jelambar Baru, Grogol Petamburan, West Utama, tuan Firmansyah Yusuf, bertindak untuk

Jakarta, in this matter is represented by dan atas nama Perusahaan, yang dalam hal ini

Mr. Firmansyah Yusuf in his capacity as the telah mendapat

President Director of the Company, acting for Komisaris Perusahaan, sesuai Surat Persetujuan

and on behalf of the Company, in this matter tanggal 14 Desember 2012

having

approval

from the Board of

Commissioners of

the Company, dated

December 14, 2012.

3. Tuan Iwan Sutadi Sidarta, bertindak selaku

3. Mr. Iwan Sutadi Sidarta, acting on behalf of pribadi, pemegang 1.125 (seribu seratus dua

himself, the owner of 1.125 (one thousand one puluh lima) lembar saham PT. IJM, atau sebesar

hundred twenty five) shares in PT. IJM, or 45% 45% (empat puluh lima persen) dari total saham

(forty five percent) of the total shares of the perusahaan, bertempat tinggal di Jakarta, Jl.

Company, residing in Jakarta, Pluit Permai Pluit Permai Dalam 3/15, Pluit, Penjaringan,

Dalam Street 3/15, Pluit, Penjaringan, North Jakarta Utara, pemegang Kartu Tanda penduduk

Jakarta, holder of Identity Card Number nomor

Selanjutnya

09.5102.110951.0086. Hereinafter referred to as disebut sebagai “ISS” the “ISS”.

4. Tuan Firmansyah Yusuf,, bertindak selaku pribadi,

4. Mr. Firmansyah Yusuf, acting on behalf of pemegang 1.125 (seribu seratus dua puluh lima)

himself, the owner of 1.125 (one thousand one lembar saham PT. IJM, atau sebesar 45%

hundred twenty five) shares in PT. IJM, or (empat puluh lima persen)dari total saham

45% (forty five percent) of the total shares of the perusahaan, bertempat tinggal di Jakarta, Muara

Company, residing in Jakarta, Muara Karang Karang I.X.U, No. 33, Pluit, Penjaringan, Jakarta

Street I.X.U/33, No. 013, Pluit, Penjaringan, Utara, Pemegang Kartu Tanda Penduduk nomor

North Jakarta, holder of Identity Card Number 09.5102.011059.0297.

Selanjutnya

disebut

09.5102.011059.0297. Hereinafter referred to as

sebagai “FY” the “FY”.

PT. AR, PT. IJM, ISS, dan FY, secara bersama- PT. AR, PT. IJM, ISS and FY , hereinafter collectively sama selanjutnya disebut sebagai "PARA PIHAK"

referred to as the "PARTIES".

Sebagaimana syarat dan ketentuan yang diatur Subject to the terms and condition set forth in this dalam perjanjian ini, maka PT. AR setuju untuk

Agreement, PT. AR agreed to purchase the shares membeli saham dari ISS dan FY demikian juga ISS

from ISS and FY also ISS and FY agreed to sell the dan FY dengan ini setuju untuk menjual saham

shares to PT. AR as much as 1.625 (one thousand kepada PT. AR yaitu sebanyak 1.625 (seribu enam

and six hundred twenty five) shares or 65% (sixty five ratus dua puluh lima) lembar saham atau sebesar

percent) of total shares of PT. ISM (Hereinafter 65% (enam puluh lima persen) dari total seluruh

refferred to as the "Shares")

saham-saham yang ada pada PT. IJM (untuk selanjutnya disebut: "saham-saham". Para pihak setuju bahwa harga jual beli 65% (enam

The parties agreed that the purchase price of the puluh lima persen) saham-saham di PT. IJM,

65% (sixty five percent) shares in PT. IJM, as sebagaimana dimaksud ketentuan diatas, ditentukan

mentioned in the above, shall be USD 3,000,000 sebesar USD 3.000.000 (Tiga Juta Dollar Amerika

(Three Million United States Dollars). Serikat).

Perjanjian Jual Beli Saham Bersyarat Conditional Sale and Purchase agreement

35. COMMITMENTS AND SIGNIFICANT AGREEMENTS (Lanjutan)

35. KOMITMEN DAN PERJANJIAN-PERJANJIAN PENTING

(Continued)

Perjanjian ini dibuat dan ditandatangani pada hari This Agreement is made and signed on this day Rabu, tanggal 27 Juni 2012, oleh dan diantara:

Wednesday, date June 27, 2012, by and between:

1. PT. Agis Resources, suatu Perusahaan

1. PT. Agis Resources a subsidiary a limited liability terbatas yang didirikan berdasarkan Hukum

Company duly established under and by virtue of Republik Indonesia, berkantor di MNC Tower,

the laws of Republic of Indonesia, having its Lt. 6, Jalan Kebon Sirih Kav. 17-19, Jakarta

registered office in Indonesia, MNC Tower, Lt. 6, Pusat, dalam hal ini diwakili oleh Presdiden

Kebon Sirih Street Kav. 17-19, Central Jakarta, Direktur,tuan Erwin Tan, bertindak untuk dan

in this matter is represented by, Mr. Erwin Tan, in atas nama Perusahaan, yang dalam hal ini

his capacity as the President Director of the telah mendapat persetujuan dari Komisaris

Company, acting for and on behalf of the Perusahaan

Company, in this matter having approval from the Selanjutnya disebut sebagai “AR”

board of Commissioners of the Company, dated June 20, 2012.. Hereinafter referred to as the “AR”.

2. Tuan Iwan Sutadi Sidarta, bertindak selaku

2. Mr. Iwan Sutadi Sidarta, acting on behalf of pribadi, pemegang 2.000 (dua ribu) lembar

himself, the legal holder and owner of 2.000 (two saham PT. ISM, atau sebesar 50% (lima puluh

thousand) shares in PT. ISM, or 50% (fifty persen), bertempat tinggal di Jakarta, Jl. Pluit

percent) of the total shares of the Company, Permai Dalam 3/15, RT. 015/RW. 004,

residing in Jakarta, Jl. Pluit Permai Dalam 3/15, Kelurahan Pluit,

RT. 015/RW. 004, Kelurahan Pluit, Kecamatan Jakarta

Kecamatan Penjaringan,

Penjaringan, Jakarta Utara, holder of Identity Penduduk

Utara,

pemegang Kartu

Tanda

Card Number 09.5102.110951.0086. Hereinafter Selanjutnya disebut sebagai “ISS”

nomor

referred to as the “ISS”.

3. Tuan Firmansyah Yusuf, bertindak selaku

3. Mr. Firmansyah Yusuf,acting on behalf of himself, pribadi, pemegang 2.000 (dua ribu) lembar

the legal holder and owner of 2.000 (two saham PT. ISM, atau sebesar 50% (lima puluh

thousand) shares in PT. ISM, or 50% (fifty persen), bertempat tinggal di Jakarta, Jalan

percent) of the total shares of the Company, Muara Karang Blok I.X.U/33, RT. 005/RW. 013,

residing in Jakarta, Muara Karang Street Blok Kelurahan

I.X.U/33, RT. 005/RW. 013, Kelurahan Pluit, Jakarta

kecamatan Penjaringan, Jakarta Utara, holder of Penduduk

Utara,

pemegang

kartu Tanda

Identity Card Number 09.5102.011059.0297. Selanjutnya disebut sebagai “FY”

nomor