UTANG USAHA lanjutan TRADE PAYABLES continued

Indonesian language. PT WISMILAK INTI MAKMUR TBK DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tahun yang Berakhir pada Tanggal-tanggal 31 Desember 2016 dan 2015 Disajikan dalam Rupiah, kecuali Dinyatakan Lain PT WISMILAK INTI MAKMUR TBK AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2016 and 2015 Expressed in Rupiah, unless Otherwise Stated 51 16. UTANG BANK lanjutan 16. BANK LOANS continued 2. PT Bank Danamon Indonesia Tbk lanjutan 2. PT Bank Danamon Indonesia Tbk continued Entitas anak PT Gelora Djaja lanjutan Subsidiary PT Gelora Djaja continued - Fasilitas Omnibus revolving loan dengan nilai maksimal sebesar Rp170.000.000.000. Fasilitas kredit tersebut memiliki sub limit penggunaan berupa Bank Garansi sebesar Rp170.000.000.000 atau Letter of Credit impor sebesar AS17.000.000. Jangka waktu penggunaan bank garansi selama 360 hari dan untuk Letter of Credit impor selama 180 hari. Pada tanggal 31 Desember 2016 dan 2015, saldo untuk pinjaman ini masing-masing sebesar Rp39.000.000.000 dan Rp75.500.000.000. - Omnibus Facility revolving loan with maximum credit amounting to Rp170,000,000,000. This facility has sub- limits which are Bank Guarantee amounting to Rp170,000,000,000 or Letter of Credit for import purpose amounting to US17,000,000. Usage period for a bank guarantee is 360 days and for Letters of Credit for import is 180 days. As of December 31, 2016 and 2015, the outstanding loan balance for this facility amounted to Rp39,000,000,000 and Rp75,500,000,000, respectively. - Kredit Rekening Koran digunakan untuk pembiayaan keperluan modal kerja dengan nilai maksimal sebesar Rp5.000.000.000. Pada tanggal 31 Desember 2016 dan 2015, tidak terdapat saldo utang atas fasilitas ini. - Bank Overdraft Facility is used for working capital with maximum credit facility amounting to Rp5,000,000,000. As of December 31, 2016 and 2015, there is no outstanding balance on this credit facility - Fasilitas Open Account Financing Import seasonal limit dengan nilai maksimal sebesar Rp200.000.000.000. Pada tanggal 31 Desember 2016 dan 2015, saldo untuk pinjaman ini masing-masing sebesar Rp126.737.579.365 dan Rp157.219.404.282. - Open Account Financing Import Facility seasonal limit with maximum credit amounting to Rp200,000,000,000. As of December 31, 2016 and 2015, the outstanding loan balance for this facility amounted to Rp126,737,579,365 and Rp157,219,404,282, respectively. Jaminan atas fasilitas di atas berupa persediaan tembakau dan cengkeh PT Gelora Djaja Catatan 9, piutang usaha PT Gelora Djaja dari PT Gawih Jaya Catatan 7 dan jaminan Perusahaan dari PT Gawih Jaya. a. The collaterals of the above facilities are secured by PT Gelora Dj aja’s tobacco and cloves Note 9, PT Gelora D jaja’s trade receivables from PT Gawih Jaya Note 7 and corporate guarantee from PT Gawih Jaya. Nilai jaminan untuk jaminan tersebut diatas sebesar 100 dari jumlah yang terhutang outstanding pinjaman berdasarkan fasilitas kredit. Total amount of the above collaterals comprises 100 from outstanding loan according to credit facilities. Berdasarkan perpanjangan perjanjian kredit, PT Gelora Djaja diharuskan untuk mempertahankan rasio keuangan seperti current ratio minimum sebesar 1,25 kali, debt to equity ratio maksimum sebesar 2 kali, debt service coverage ratio minimum 1 kali dan jumlah piutang dan persediaan milik PT Gelora Djaja harus lebih besar dari jumlah utang bank. a. Based on the extended loan agreement, PT Gelora Djaja should maintain the financial ratio such as current ratio minimum of 1.25 times, debt to equity ratio maximum of 2 times, debt service coverage ratio minimum of 1 time and the sum of receivables and inventories owned by PT Gelora Djaja should be more than total outstanding loan balance. Manajemen PT Gelora Djaja berpendapat bahwa seluruh rasio telah dipenuhi pada tanggal laporan posisi keuangan konsolidasian. PT Gelora Djaja’s management is of the opinion that all ratios are met as of consolidated statements of financial position date.