KAS DAN SETARA KAS CASH AND CASH EQUIVALENTS

PT Provident Agro Tbk • Laporan Tahunan 2016 Annual Report 202 These Consolidated Financial Statements are Originally Issued in Indonesian Language Ekshibit E44 Exhibit E44 PT PROVIDENT AGRO Tbk DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK TAHUN YANG BERAKHIR PADA 31 DESEMBER 2016 Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain PT PROVIDENT AGRO Tbk AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016 Expressed in thousands Rupiah, unless otherwise stated 7. PERSEDIAAN Lanjutan 7. INVENTORIES Continued Berdasarkan hasil pengkajian ulang keadaan fisik persediaan untuk tahun yang berakhir pada tanggal 31 Desember 2016 dan 2015, manajemen Perusahaan dan entitas anaknya berpendapat bahwa nilai tercatat persediaan dapat terpulihkan seluruhnya sehingga tidak diperlukan penyisihan untuk persediaan usang. Based on a review of the physical inventories for the years ended 31 December 2016 and 2015, the Company and its subsidiaries’ management believe that carrying value of inventory can be recovered entirely so it is not necessary to make any allowance for inventory obsolescence. Persediaan telah diasuransikan dengan nilai pertanggungan sebesar Rp 48.570.000 2015: Rp 59.770.000. Manajemen berpendapat bahwa nilai pertanggungan tersebut cukup untuk menutupi kemungkinan kerugian yang timbul bagi Perusahaan dan entitas anaknya. Inventories were insured with amount sum insured Rp 48,570,000 2015: Rp 59,770,000. Management believes that the insurance coverage is adequate to cover possible losses to the Company and its subsidiaries. Persediaan dijadikan sebagai jaminan atas utang bank jangka panjang dari PT Bank DBS Indonesia, PT Bank Mandiri Persero Tbk dan PT Bank Permata Tbk Catatan 17. Inventories are provided as collateral of long-term bank loans from PT Bank DBS Indonesia, PT Bank Mandiri Persero Tbk and PT Bank Permata Tbk Note 17. 8. UANG MUKA DAN BEBAN DIBAYAR DI MUKA 8. ADVANCE AND PREPAID EXPENSES 2 0 1 6 2 0 1 5 Pihak ketiga Third parties Asuransi 1.475.627 2.214.833 Insurance Supplierkontraktor 1.374.673 7.638.807 Suppliercontractor Sewa 457.092 551.583 Rent Ganti rugi lahan 168.148 1.238.204 Land compensation Perjalanan dinas 98.408 222.128 Travelling expense Lain-lain 248.174 966.628 Others J u m l a h 3.822.122 12.832.183 T o t a l Uang muka kepada supplierkontraktor terutama untuk bibitan, peralatan, mesin dan pupuk. Advances to suppliercontractor were mainly provided for nursery, equipments, machines and fertilizers. 9. PIUTANG PLASMA 9. PLASMA RECEIVABLES 2 0 1 6 2 0 1 5 Pihak ketiga Third parties Plasma 48.216.975 165.262.287 Plasma Berdasarkan kesepakatan antara: i TPAI, entitas anak, dengan: - KUD Harapan Maju Bersama yang berlokasi di Desa Upang Jaya, Kecamatan Makarti Jaya, Kabupaten Banyuasin, Propinsi Sumatera Selatan, - KUD Kenten Mandiri yang berlokasi di Kenten Laut, Kecamatan Talang Kelapa, Kabupaten Banyuasin, Propinsi Sumatera Selatan; Based on agreement between: i TPAI, a subsidiary, with: - KUD Harapan Maju Bersama that located in the Village of Upang Jaya, District of Makarti Jaya, Regency of Banyuasin, South Sumatera Province, - KUD Kenten Mandiri that located in Kenten Laut, District of Talang Kelapa, Regency of Banyuasin, South Sumatera Province; PT Provident Agro Tbk • Laporan Tahunan 2016 Annual Report 203 These Consolidated Financial Statements are Originally Issued in Indonesian Language Ekshibit E45 Exhibit E45 PT PROVIDENT AGRO Tbk DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK TAHUN YANG BERAKHIR PADA 31 DESEMBER 2016 Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain PT PROVIDENT AGRO Tbk AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016 Expressed in thousands Rupiah, unless otherwise stated 9. PIUTANG PLASMA Lanjutan 9. PLASMA RECEIVABLES Continued ii MSS, entitas anak, dengan: - KUD Tri Cuko Jaya yang berlokasi di Desa Muara Dua, Kecamatan Semidang Alas, Kabupaten Seluma, Propinsi Bengkulu, - Koperasi Manunggal yang berlokasi di Desa Lubuk Ngantungan, Kecamatan Talo, Kabupaten Seluma, Propinsi Bengkulu, - Koperasi Serba Usaha Manunggal Jaya yang berlokasi di Desa Talang Sali, Kecamatan Seluma Timur, Kabupaten Seluma, Propinsi Bengkulu; ii MSS, a subsidiary, with: - KUD Tri Cuko Jaya that located in the Village of Muara Dua, District of Semidang Alas, Regency of Seluma, Bengkulu Province, - Koperasi Manunggal that located in the Village of Lubuk Ngantungan, District of Talo, Regency of Seluma, Bengkulu Province, - Koperasi Serba Usaha Manunggal Jaya that located in the Village of Talang Sali, District of East Seluma, Regency of Seluma, Bengkulu Province; iii ASL, entitas anak, dengan Koperasi Produsen Lawang Bersekutu yang berlokasi di Desa Lape, Kecamatan Kapuas, Kabupaten Sanggau, Propinsi Kalimantan Barat; iii ASL, a subsidiary, with Koperasi Produsen Lawang Bersekutu that located in the Village of Lape, District of Kapuas, Regency of Sanggau, West Kalimantan Province; iv GKM, entitas anak, dengan: - KUD Tuah Buno yang berlokasi di Desa Sotok, Kecamatan Sekayam, Kabupaten Sanggau, Propinsi Kalimantan Barat, - KUD Lanta Lomour yang berlokasi di Desa Sotok, Kecamatan Sekayam, Kabupaten Sanggau, Propinsi Kalimantan Barat; v SL, entitas anak, dengan KUD Bupulu Lomour, yang berlokasi di Desa Tanjung Merpati, Kecamatan Kembayan, Kabupaten Sanggau, Propinsi Kalimantan Barat; dan vi SSS, entitas anak, dengan KUD Gagas Batuah yang berlokasi di Desa Pak Mayam, Kecamatan Ngabang, Kabupaten Landak, Propinsi Kalimantan Barat, iv GKM, a subsidiary, with: - KUD Tuah Buno that located in the Village of Sotok, District of Sekayam, Regency of Sanggau, West Kalimantan Province, - KUD Lanta Lomour that located in the Village of Sotok, District of Sekayam, Regency of Sanggau, West Kalimantan Province; v SL, a subsidiary, with KUD Bupulu Lomour, located in the Village of Tanjung Merpati, District of Kembayan, Regency of Sanggau, West Kalimantan Province; and vi SSS, a subsidiary with KUD Gagas Batuah that located in the Village of Desa Pak Mayam, District of Ngabang, Regency of Landak, West Kalimantan Province, bahwa KUD akan menyediakan bidang-bidang lahan untuk dijadikan kebun plasma dan menjual hasil produksi kebun plasma kepada entitas anak serta tidak diperbolehkan menjual kepada pihak lain. that KUD will provide areas of land to be plasma plantations and sell plasma products to the subsidiaries. They are not allowed to sell to other party. Manajemen Perusahaan dan entitas anaknya berpendapat bahwa seluruh piutang dapat ditagih sehingga tidak membuat penyisihan penurunan nilai. Management of the Company and its subsidiaries believe that all receivables are fully collectible so there is no allowance for impairment losses. Pada bulan Agustus 2016, seluruh kepemilikan saham GKM dan SL, telah dialihkan kepada PT Galanggang Maju Bersama dan Raphael Redian Susanto dan seluruh kepemilikan saham SSS, telah dialihkan kepada PT Mandhala Cipta Purnama dan Rendy Gamaputra, pihak ketiga Catatan 1c. In August 2016, all shares ownership of GKM and SL, have been transferred to PT Galanggang Maju Bersama and Raphael Redian Susanto and all shares ownership of SSS, has been transferred to PT Mandhala Cipta Purnama and Rendy Gamaputra, third parties Note 1c. 10. BIBITAN 10. NURSERY 2 0 1 6 Saldo awal Saldo akhir Beginning Penambahan Penarikan Reklasifikasi Dekonsolidasi Ending balance Additions Additions Reclassifications Deconsolidation balance Bibitan 8.844.972 5.804.176 - 3.666.892 5.289.628 5.692.628 Nursery