Critical Accounting Estimates and Assumptions

DAN ENTITAS ANAK AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN NOTES TO CONSOLIDATED KONSOLIDASIAN Lanjutan FINANCIAL STATEMENTS Continued Per 30 Juni 2017 dan 31 Desember 2016 As of June 30, 2017 and December 31, 2016 Untuk Periode Enam Bulan yang Berakhir Pada For Six Months Periods Ended 30 Juni 2017 dan 2016 June 30, 2017 and 2016 Dalam USD Penuh, kecuali dinyatakan lain In Full USD, unless otherwise stated DraftJuly 31, 2017 33 Asumsi kunci liabilitas imbalan pasca kerja sebagian ditentukan berdasarkan kondisi pasar saat ini. Informasi tambahan diungkapkan pada Catatan 17. Nilai Wajar atas Instrumen Keuangan Bila nilai wajar aset keuangan dan liabilitas keuangan yang tercatat pada laporan posisi keuangan tidak tersedia di pasar aktif, maka nilai wajarnya ditentukan dengan menggunakan berbagai teknik penilaian termasuk penggunaan model matematika. Masukan input untuk model ini berasal dari data pasar yang bisa diamati sepanjang data tersebut tersedia. Bila data pasar yang bisa diamati tersebut tidak tersedia, pertimbangan Manajemen diperlukan untuk menentukan nilai wajar. Pertimbangan tersebut mencakup pertimbangan likuiditas dan masukan model seperti volatilitas untuk transaksi derivatif yang berjangka waktu panjang dan tingkat diskonto, tingkat pelunasan dipercepat, dan asumsi tingkat gagal bayar. Nilai wajar atas instrumen keuangan diungkapkan pada Catatan 31.b. Realisasi dari Aset Pajak Tangguhan Aset pajak tangguhan diakui atas seluruh rugi fiskal yang belum digunakan sepanjang besar kemungkinannya bahwa penghasilan kena pajak akan tersedia sehingga rugi fiskal tersebut dapat digunakan. Estimasi oleh manajemen yang disyaratkan untuk menentukan jumlah aset pajak tangguhan yang dapat diakui, berdasarkan saat penggunaan dan tingkat penghasilan kena pajak dan strategi perencanaan pajak masa depan . Other key assumptions for post employment benefit obligations are based in part on current market conditions. Additional information is disclosed in Note 17. Fair Value of Financial Instruments Where the fair values of financial assets and financial liabilities recorded on the statement of financial position cannot be derived from active markets, the fair value is determined using a variety of valuation techniques that include the use of mathematical models. The inputs to these models are derived from observable market data where possible, but where observable market data are not available, judgment is required to establish fair values. The judgments include considerations of liquidity and model inputs such as volatility for long term derivatives and discount rates, prepaymentrates, and default rate assumptions. The fair value of financial instrument are disclosed in Note 31.b. Realization of Deferred Income Tax Assets Deferred tax assets are recognized for all unused tax losses to the extent that it is probable that taxable profit will be available against which the losses can be utilized. Management estimates are required to determine the amount of deferred tax assets that can be recognized, based upon the likely timing and the level of future taxable profits together with future tax planning strategies. ii. Pertimbangan penting dalam penentuan kebijakan akuntansi Pertimbangan berikut ini dibuat oleh manajemen dalam rangka penerapan kebijakan akuntansi Grup yang memiliki pengaruh paling signifikan atas jumlah yang diakui dalam laporan keuangan konsolidasian: Penentuan Mata Uang Fungsional Mata uang fungsional dari setiap entitas dalam Grup dalam mata uang dari lingkungan ekonomi utama dimana entitas tersebut beroperasi. Mata uang tersebut ii. Critical judgments in applying the accounting policies The following judgments are made by management in the process of applying the Group’s accounting policies that have the most significant effects on the amounts recognized in the consolidated financial statements: Determination of Functional Currency The functional currency of each entity in the Group is the currency from the primary economic environment where such entity operates. Those currencies DAN ENTITAS ANAK AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN NOTES TO CONSOLIDATED KONSOLIDASIAN Lanjutan FINANCIAL STATEMENTS Continued Per 30 Juni 2017 dan 31 Desember 2016 As of June 30, 2017 and December 31, 2016 Untuk Periode Enam Bulan yang Berakhir Pada For Six Months Periods Ended 30 Juni 2017 dan 2016 June 30, 2017 and 2016 Dalam USD Penuh, kecuali dinyatakan lain In Full USD, unless otherwise stated DraftJuly 31, 2017 34 adalah mata uang yang mempengaruhi pendapatan dan biaya dari masing-masing entitas. Penentuan mata uang fungsional membutuhkan pertimbangan karena berbagai kompleksitas antara lain suatu entitas dapat bertransaksi dalam lebih dari satu mata uang dalam aktivitas usahanya sehari-hari. Klasifikasi Aset dan Liabilitas Keuangan Grup menetapkan klasifikasi atas aset dan liabilitas tertentu sebagai aset keuangan dan liabilitas keuangan dengan mempertimbangkan bila definisi yang ditetapkan PSAK 55 Revisi 2014 dipenuhi. Dengan demikian, aset keuangan dan liabilitas keuangan diakui sesuai dengan kebijakan akuntansi Grup seperti diungkapkan pada Catatan 2.r. that influence the revenues and costs of each respective entity. The determination of functional currency may require judgement due to various complexities, among others, the entity may conduct transactions in more than one currency in its daily business activities. Classification of Financial Assets and Liabilities The Group determines the classifications of certain assets and liabilities as financial assets and financial liabilities by judging if they meet the definition set forth in PSAK 55 Revised 2014. Accordingly, the financial assets and financial liabilities are accounted for in accordance with the Group’s accounting policies disclosed in Note 2.r. DAN ENTITAS ANAK AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN NOTES TO CONSOLIDATED KONSOLIDASIAN Lanjutan FINANCIAL STATEMENTS Continued Per 30 Juni 2017 dan 31 Desember 2016 As of June 30, 2017 and December 31, 2016 Untuk Periode Enam Bulan yang Berakhir Pada For Six Months Periods Ended 30 Juni 2017 dan 2016 June 30, 2017 and 2016 Dalam USD Penuh, kecuali dinyatakan lain In Full USD, unless otherwise stated DraftJuly 31, 2017 35 3. Kas dan Bank 3. Cash on Hand and in Banks 30 Jun. 2017 31 Des. 2016 Jun. 30, 2017 Dec. 31, 2016 USD USD Kas Cash on Hand Rupiah Indonesia Indonesian Rupiah 2017: Rp 292.138.946; 2016: Rp 201.177.228 21,934 14,973 2017: Rp 292,138,946; 2016: Rp 201,177,228 Renmimbi China China Renmimbi 2017: RMB 13,962; 2016: RMB 37,086 2,047 5,346 2017: RMB 13,962; 2016: RMB 37,086 Total Kas 23,981 20,319 Total Cash on Hand Bank - Pihak Ketiga Cash in Banks - Third Parties Rupiah Indonesia Indonesian Rupiah PT Bank Central Asia Tbk 2017: Rp 4.177.331.203; PT Bank Central Asia Tbk 2017: Rp 4,177,331,203; 2016: Rp 40.207.310.616 313,637 2,992,506 2016: Rp 40,207,310,616 PT Bank Sumitomo Mitsui Indonesia PT Bank Sumitomo Mitsui Indonesia 2017: Rp 1.621.841.311; 2016: Rp 4.326.512.924 121,769 322,009 2017: Rp 1,621,841,311; 2016: Rp 4,326,512,924 PT Bank CIMB Niaga Tbk 2017: Rp 376.315.026; PT Bank CIMB Niaga Tbk 2017: Rp 376,315,026; 2016: Rp 71.600.444 28,254 5,329 2016: Rp 71,600,444 Bangkok Bank Public Company Limited Bangkok Bank Public Company Limited 2017: Rp 299.437.758; 2016: Rp 296.653.444 22,482 22,079 2017: Rp 299,437,758; 2016: Rp 296,653,444 PT Bank Mandiri Persero Tbk 2017: Rp 105.606.351; PT Bank Mandiri Persero Tbk 2017: Rp 105,606,351; 2016: Rp 621.777.772 7,929 46,277 2016: Rp 621,777,772 PT Bank Victoria International Tbk PT Bank Victoria International Tbk 2017: Rp 43.326.707; 2016: Rp 42.807.096 3,253 3,186 2017: Rp 43,326,707; 2016: Rp 42,807,096 497,324 3,391,386 Dolar Singapura Singapore Dollar United Overseas Bank Limited 2017: SGD 120,064; United Overseas Bank Limited 2017: SGD 120,064; United Overseas Bank Limited 2010: SGD 18,998.90; 2016: SGD 1,894,054 86,454 1,311,703 2016: SGD 1,894,054 86,454 1,311,703 Dolar Amerika Serikat United States Dollar Malayan Banking Berhad Shanghai Branch 1,333,069 338,943 Malayan Banking Berhad Shanghai Branch PT Bank Sumitomo Mitsui Indonesia 441,567 279,912 PT Bank Sumitomo Mitsui Indonesia United Overseas Bank Limited 250,633 24,813 United Overseas Bank Limited Bank of China 152,548 238,429 Bank of China PT Bank CIMB Niaga Tbk 145,813 605,894 PT Bank CIMB Niaga Tbk PT Bank Central Asia Tbk 125,168 132,364 PT Bank Central Asia Tbk BMO Harris Bank N.A. 38,807 232,065 BMO Harris Bank N.A. PT Bank Windu Kencana Tbk 22,497 60,322 PT Bank Windu Kencana Tbk PT Bank Mandiri Persero Tbk 20,461 20,292 PT Bank Mandiri Persero Tbk Allied Commercial Bank 9,311 219,311 Allied Commercial Bank 2,539,874 2,152,345 Renmimbi China China Renmimbi China Construction Bank 2017: RMB 32,990,263; China Construction Bank 2017: RMB 32,990,263; 2016: RMB 30,452,412 4,837,497 4,389,851 2016: RMB 30,452,412 Bank of China 2017: RMB 6,547,085; Bank of China 2017: RMB 6,547,085; 2016: RMB 9,804,909 960,026 1,413,422 2016: RMB 9,804,909 Malayan Banking Berhad Shanghai Branch Malayan Banking Berhad Shanghai Branch 2017: RMB 532,779; 2016: RMB 5,173,956 78,124 745,849 2017: RMB 532,779; 2016: RMB 5,173,956 Agricultural Bank of China 2017: RMB 272,335; Agricultural Bank of China 2017: RMB 272,335; 2016: RMB 67,407 39,934 9,717 2016: RMB 67,407 United Overseas Bank Limited 2017: RMB 49,933; United Overseas Bank Limited 2017: RMB 49,933; 2016: RMB 268,116 7,322 38,650 2016: RMB 268,116 5,922,903 6,597,489 Euro Euro Malayan Banking Berhad Shanghai Branch Malayan Banking Berhad Shanghai Branch 2017: EUR 184,746; 2016: Nihil 206,324 -- 2017: EUR 184,746; 2016: Nil 206,324 -- Dolar Australia Australian Dollar PT Bank Central Asia Tbk 2017: AUD 476,916; PT Bank Central Asia Tbk 2017: AUD 476,916; 2016: Nil 2016: AUD 59,976 359,905 43,408 2016: AUD 59,976 359,905 43,408 Total Bank 9,612,784 13,496,331 Total Cash in Banks Total 9,636,765 13,516,650 Total DAN ENTITAS ANAK AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN NOTES TO CONSOLIDATED KONSOLIDASIAN Lanjutan FINANCIAL STATEMENTS Continued Per 30 Juni 2017 dan 31 Desember 2016 As of June 30, 2017 and December 31, 2016 Untuk Periode Enam Bulan yang Berakhir Pada For Six Months Periods Ended 30 Juni 2017 dan 2016 June 30, 2017 and 2016 Dalam USD Penuh, kecuali dinyatakan lain In Full USD, unless otherwise stated DraftJuly 31, 2017 36 Tidak ada saldo Kas dan Bank yang digunakan sebagai jaminan. There is no Cash on Hand and in Banks balance were used as collateral. 4. Piutang Usaha 4. Trade Receivables a. Berdasarkan Pelanggan a. By Customers 30 Jun. 2017 31 Des. 2016 Jun. 30, 2017 Dec. 31, 2016 US D US D P ih ak Bere la si Ca ta tan 2 7 1 ,9 89,839 2 ,4 98,635 Re late d P artie s No te 27 P ih ak Ketiga 43,6 68,275 41,9 16,157 Third P arties Total 45,658,114 44,414,792 Total b. Berdasarkan Umur b. By Aging Categories 30 Jun. 2017 31 Des. 2016 Jun. 30, 2017 Dec. 31, 2016 US D US D P ihak Bere lasi Catatan 27: Related P arties Note 27: B elum J atuh Tempo 1,097,464 734, 512 Not Ye t Due S ampai deng an 1 bulan 694,50 8 712, 549 Up to 1 month 1 bulan - 3 bulan 197,86 7 1,006, 131 1 month - 3 months 3 bulan -- 45, 443 3 months 1,989,839 2,498, 635 P ihak Ketiga: Third Partie s: B elum J atuh Tempo 27,883,779 30,116, 350 Not Ye t Due S ampai deng an 1 bulan 9,941,744 8,636, 161 Up to 1 month 1 bulan - 3 bulan 4,304,214 2,553, 027 1 month - 3 months 3 bulan 1,538,538 610, 619 3 months 43,668,275 41,916, 157 Total 45,658,114 44,414, 792 Total Manajemen berkeyakinan bahwa tidak terdapat indikasi penurunan nilai piutang dan berkeyakinan seluruh piutang dapat tertagih sehingga tidak dibentuk penyisihan penurunan nilai piutang Management believes that there are no indication of impairment of receivables and all trade receivables are assessed to be fully collectible, thus management did not provide allowance for impairment of receivables since. Piutang usaha dijadikan jaminan atas utang bank Catatan 11 dan 15. Trade receivables are pledged as collateral for bank loans facilities Notes 11 and 15. c. Berdasarkan Mata Uang c. By Currencies 30 J un. 20 17 31 Des . 2 01 6 J un. 3 0, 201 7 Dec . 3 1, 20 16 US D US D R up iah 2 01 7: R p 3 03 .75 6. 43 0.4 31 ; R u piah 20 17: R p 3 03 ,7 56, 43 0,4 31 ; 20 16 : R p 26 5.3 21 .90 1. 240 22 ,8 06 ,24 9 19 ,7 47, 09 0 20 16: R p 265 ,3 21 ,90 1,2 40 R en m in bi 2 017 : RM B 100 ,0 48 ,48 7; R en minb i 201 7: R MB 1 00, 04 8,4 87 ; 20 16 : R MB 1 07 ,16 4,4 17 14 ,6 70 ,52 3 15 ,4 48, 23 4 20 16: R M B 1 07 ,16 4,4 17 D ola r Am erika Serikat 7 ,6 89 ,08 4 8 ,6 31, 20 0 U n it ed St ate s D ollar A ustralia n D o lla r 2 017 : AU D 54 0,9 80 ; A ust ra lia n Do lla r 2 01 7: AU D 5 40, 98 0; 20 16 : A UD 7 41 ,38 4 4 08 ,25 1 5 36, 57 7 2 01 6: AU D 74 1,3 84 E uro 2 01 7: EU R 75 ,2 21; E uro 20 17: EU R 7 5,2 21 ; 20 16 : E UR 4 9, 043 84 ,00 7 51, 69 1 20 16 : E U R 49, 04 3 Total 45 ,6 58 ,11 4 44 ,4 14, 79 2 Total