Utang Pajak Taxes Payable

AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Continued For the Years Ended December 31, 2016 and 2015 In Full of Rupiah, Unless Otherwise Stated March 31, 2017 46 Paraf Sign: Berdasarkan penilaian yang dibuat oleh manajemen, Perusahaan tidak mengakui pajak tangguhan yang timbul dari perbedaan temporer antara pajak dan komersial karena sebagian besar penghasilan Perusahaan telah dikenakan pajak final tahun 2016: 89; 2015: 89 sehingga dampak pajak tangguhannya dipertimbangkan tidak material. Based on the assessment made by management, the Company does not recognize deferred tax arising from temporary differences between the tax and commercial for most of the Companys Income have been subject to final tax 2016: 89; 2015: 89 so that the deferred tax impact is considered immaterial. 9. Pajak Final 9. Final Tax Perhitungan beban dan utang pajak penghasilan final untuk tahun-tahun yang berakhir pada tanggal 31 Desember 2016 dan 2015 adalah sebagai berikut: The computation of final tax expense and payable for the years ended December 31, 2016 and 2015 are as follows: 2016 2015 Pendapatan Sewa Rental Income Perusahaan The Company Sewa 19,673,381,910 22,588,026,743 Rental Properti 131,713,718,175 133,186,219,389 Property Pendapatan yang Sudah Eliminated Income Dieliminasi dengan PT TIJA 10,000,000,000 10,000,000,000 with PT TIJA 161,387,100,085 165,774,246,132 Penyerahan Proyek Submission of PT Pertamina Gas PT Pertamina Gas Project Catatan 39.h 76,229,016,500 76,977,433,000 Note 39.h Penyerahan Proyek Submission of PGN PGN Catatan 39.g 7,227,714,025 72,418,430,000 Project Note 39.g Sewa PT XL Axiata 2,014,593,014 -- Rent of PT XL Axiata Penyerahan Aset Submission of PT SWI Catatan 17 -- 77,443,000,000 PT SWI Note 17 Sewa Seaworld Ancol -- 937,328,548 Rent of Seaworld Ancol Entitas Anak PT TIJA 68,980,919,960 70,931,244,426 Subsidiaries PT TIJA Sewa Lahan 926,951,492 866,076,699 Land Rent Jumlah 316,766,295,076 465,347,758,805 Total Beban Pajak Final Final Tax Expenses Tarif 10 18,505,257,690 25,471,853,942 Rate 10 Tarif 5 1,858,104,071 10,531,460,969 Rate 5 Tarif 2.5 2,369,429,115 -- Rate 2.5 Jumlah Beban Total Final Pajak Final 22,732,790,876 36,003,314,911 Tax Expenses Utang Pajak Tahun Sebelumnya 16,802,956,953 18,237,098,494 Prior Year Tax Payable Pembayaran Pajak Current Year Final Tahun Payment of Berjalan 20,932,584,557 37,437,456,452 Final Tax Utang Pajak Final 18,603,163,272 16,802,956,953 Final Tax Payable ajemen, nt, the inal Tax ilan final le for Total nses l Final nses yable PT PEMBANGUNAN JAYA ANCOL Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Continued For the Years Ended December 31, 2016 and 2015 In Full of Rupiah, Unless Otherwise Stated March 31, 2017 47 Paraf Sign: 10. Biaya Dibayar di Muka

10. Prepaid Expenses 2016

2015 Asuransi 4,646,371,586 3,913,297,606 Insurance Operasional 3,351,532,341 1,231,435,137 Operational Lain-lain 6,675,155,123 8,920,470,130 Others Jumlah 14,673,059,050 14,065,202,873 Total

11. Aset Keuangan yang Dimiliki Hingga Jatuh Tempo

11. Held to Maturity Financial Asset

Merupakan kepemilikan atas obligasi Perusahaan Listrik Negara PLN seri B sejak bulan Juni 2006, dengan tujuan dimiliki hingga jatuh tempo sebesar Rp1.000.000.000 dengan tingkat bunga 13-14,25 per tahun dan dibayarkan setiap 3 tiga bulan, dengan jangka waktu 15 lima belas tahun dan akan jatuh tempo pada tahun 2021. Represent investment in series B bonds of Perusahaan Listrik Negara PLN since June 2006, with intention to be held to maturity amounted to Rp1,000,000,000 with bear interest rate of 13- 14.25 per annum and paid every 3 three months for a period of 15 fifteen years and will mature in 2021. 12. Investasi pada Ventura Bersama 12. Investment in Joint Ventures Domisili Saldo Pelepasan Bagian Laba Neto Saldo Domicile Awal Investasi Tahun Berjalan Akhir Beginning Disposal Equity in Net Ending ownership Balance Investment Profit for the Year Balance Rp Rp Rp Rp KSO Pembangunan Jaya Property Jakarta 65.00 112,144,137,228 -- 10,192,588,976 122,336,726,204 Kepemilikan Precentage Persentase 2016 Domisili Saldo Pelepasan Bagian Laba Neto Saldo Domicile Awal Investasi Tahun Berjalan Akhir Beginning Disposal Equity in Net Ending ownership Balance Investment Profit for the Year Balance Rp Rp Rp Rp KSO Pembangunan Jaya Property Jakarta 65.00 109,351,843,537 17,861,769,948 20,654,063,639 112,144,137,228 2015 Persentase Kepemilikan Precentage Tanggal 21 Desember 2011 Perusahaan dan PT Jaya Real Property Tbk mengadakan Perjanjian Kerjasama Operasi KSO pembangunan apartemen double decker dan kondominium di kawasan Ancol Barat beserta sarana dan prasarananya, dengan komposisi bagi hasil Perusahaan dan PT Jaya Real Property Tbk masing-masing sebesar 65 dan 35. On December 21, 2011 the Company and PT Jaya Real Property Tbk entered into a Joint Operation KSO Agreement for the construction and development of double decker and condominium in Ancol Barat and related facilities and infrastructure within, with sharing scheme agreed of 65 and 35, respectively. Berdasarkan addendum II Perjanjian Kerjasama Operasi KSO tanggal 15 Desember 2014 para pihak sepakat untuk tidak melanjutkan kerjasama pada proyek kondominium di atas tanah seluas 12.162 m 2 , atas addendum ini proyek yang dijalankan hanya pembangunan apartemen Double Decker seluas 2.650 m 2 Catatan 15 dan 40.k. Based on the addendum II to the KSO Agreement dated December 15, 2014, both parties agreed not to continue the cooperation in the condominium project on the land area of 12,162 sqm, further on this addendum agreed that projects to be executed only for apartment building Double Decker covering an area of 2,650 sqm Notes 15 and 40.k.