UTANG OBLIGASI BONDS PAYABLE

PT PERTAMINA PERSERO DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2016 dan untuk Tahun yang Berakhir pada Tanggal Tersebut Dinyatakan dalam ribuan Dolar Amerika Serikat, kecuali dinyatakan lain PT PERTAMINA PERSERO AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2016 and for the Year Then Ended Expressed in thousands of US Dollars, unless otherwise stated 114 21. LIABILITAS IMBALAN KERJA KARYAWAN 21. EMPLOYEE BENEFITS LIABILITIES

a. Program imbalan pascakerja dan imbalan kerja jangka panjang lainnya

a. Post-employment benefit plans and other long-term employee benefits

Perusahaan dan Entitas Anak tertentu menyelenggarakan program imbalan pascakerja dan imbalan kerja jangka panjang lainnya sebagai berikut: The Company and certain Subsidiaries have post-employment benefits plans and provide other long-term employee benefits as follows:

1. Program imbalan pascakerja

1. Post-employment benefit plans

i Program imbalan pasti dikelola Dana Pensiun Pertamina i Defined benefit plan administered under the Dana Pensiun Pertamina Perusahaan dan entitas anak tertentu telah menerima persetujuan Menteri Keuangan Republik Indonesia dalam Surat Pengesahan No. S-190MK.61977 tanggal 15 Juli 1977 untuk mendirikan dana pensiun terpisah, Dana Pensiun Pertamina, dimana seluruh pekerja, setelah memenuhi periode bakti tertentu, berhak atas imbalan pasti saat pensiun, cacat atau kematian, serta imbalan kesehatan pascakerja. Program Pensiun Manfaat Pasti ”PPMP” ini berlaku bagi pekerja yang direkrut sebelum tahun 2005. The Company and certain Subsidiaries received approval from the Minister of Finance of the Republic of Indonesia in Decision Letter No. S-190MK.61977 dated July 15, 1977 to establish a separate pension fund, Dana Pensiun Pertamina, from which all employees, after serving a qualifying period, are entitled to defined benefits upon retirement, disability or death, and also post- employment medical benefits. The Defined Benefit Plans “PPMP” cover employees who were hired before year 2005. ii Tunjangan kesehatan pascakerja ii Post-retirement healthcare benefits Tunjangan kesehatan pascakerja meliputi para pensiunan Perusahaan dan pasangannya sejak pensiunan memasuki usia pensiun sampai meninggal dunia. The post-retirement healthcare benefits involve the Company’s retired employees and their spouses, from the date of the employees’ retirement until death. iii Penghargaan atas pengabdian “PAP” iii Severance and service pay “PAP” Manfaat PAP terdiri dari imbalan tambahan yang diberikan pada saat karyawan memasuki usia pensiun dan dalam hal mengalami cacat tetap, meninggal, atau mengundurkan diri secara sukarela. PAP benefits consist of additional benefits for employees to which they are entitled when they enter the pension age and in the event of permanent disability, death, or voluntary resignation.

2. Program imbalan kerja jangka panjang

lainnya 2. Other long-term employee benefits plan Perusahaan memberikan imbalan kerja jangka panjang lainnya dalam bentuk tunjangan Masa Persiapan Purnakarya “MPPK”, biaya pemulangan, tunjangan cuti, Program Asuransi Mandiri Guna I dan ulang tahun dinas, kecuali untuk program asuransi. The Company provides other long-term employee benefits in the form of pre- retirement benefits “MPPK”, repatriation costs, annual leave, the Mandiri Guna I Insurance Program and service anniversaries, except for the insurance program benefit. PT PERTAMINA PERSERO DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2016 dan untuk Tahun yang Berakhir pada Tanggal Tersebut Dinyatakan dalam ribuan Dolar Amerika Serikat, kecuali dinyatakan lain PT PERTAMINA PERSERO AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2016 and for the Year Then Ended Expressed in thousands of US Dollars, unless otherwise stated 115

21. LIABILITAS IMBALAN KERJA KARYAWAN lanjutan

21. EMPLOYEE BENEFITS LIABILITIES continued a. Program imbalan pascakerja dan imbalan

kerja jangka panjang lainnya lanjutan a. Post-employment benefit plans and other long-term employee benefits continued 3. Program Tabungan Pekerja 3. Employees’ Saving Plan Perusahaan dan Entitas Anak tertentu keseluruhannya disebut Peserta menyelenggarakan program Tabungan Pekerja “TP” berupa program iuran pasti dan yang akan diterima oleh pekerja pada saat masa kerjanya berakhir. Hingga tahun buku 2015, seluruh iuran dikelola oleh PT Pertamina Dana Ventura. Efektif per tanggal 28 Oktober 2016, PT Pertamina Dana Ventura membuat keputusan melakukan restrukturisasi dan tidak lagi melakukan kegiatan usaha sebagai Perusahaan Modal Ventura sehingga seluruh dana yang tersedia dialihkelolakan kepada Dana Pensiun Lembaga Keuangan “DPLK”. The Company and certain Subsidiaries collectively referred to as the Participants operate an Employees’ Saving Plan “TP” in the form of a defined contribution plan, in which the saving will be received by employees at the end of their service period. Until the fiscal year 2015, all contributions made are managed by PT Pertamina Dana Ventura. Effective on October 28, 2016, PT Pertamina Dana Ventura made a decision to restructure and it is no longer in business activities as a venture capital company so that all of available funds are transferred by management to Pension Fund “DPLK”. b. Provisi imbalan kerja karyawan b. Provision for employee benefits Taksiran kewajiban imbalan kerja Perusahaan dan sebagian besar entitas anaknya per tanggal-tanggal 31 Desember 2016 dan 2015 dihitung berdasarkan laporan penilaian dari aktuaris independen, PT Dayamandiri Dharmakonsilindo, masing-masing tanggal 25 Januari 2017. Tabel berikut ini menyajikan ikhtisar kewajiban imbalan kerja sebagaimana tercatat pada laporan posisi keuangan konsolidasian: The estimated employee benefits obligations of the Company and most of its Subsidiaries as of December 31, 2016 and 2015, were determined based on the valuation reports of an independent actuary, PT Dayamandiri Dharmakonsilindo, dated January 25, 2017. The table below presents a summary of the employee benefits obligations reported in the consolidated statements of financial position: 2016 2015 Perusahaan: The Company: Pensiun dan imbalan Pension and other post pascakerja lainnya: employment benefits: - PPMP 142.326 93.459 PPMP - - Tunjangan kesehatan pascakerja 832.487 719.791 Post-retirement healthcare benefits - - PAP 922.194 902.089 PAP - - Biaya pemulangan 8.230 8.824 Repatriation costs - Sub jumlah 1.905.237 1.724.163 Sub-total Imbalan kerja jangka Other long-term employee panjang lainnya: benefits: - MPPK 114.778 114.591 MPPK - - Tunjangan cuti dan Annual leave and - ulang tahun dinas 12.843 13.042 service anniversary Sub jumlah 127.621 127.633 Sub-total Jumlah - Perusahaan 2.032.858 1.851.796 Total - Company Entitas Anak: Subsidiaries: Pensiun dan imbalan Pension and other post- pascakerja lainnya 133.283 135.749 employment benefits Jumlah konsolidasian 2.166.141 1.987.545 Total consolidated Bagian jangka pendek Catatan 18 202.392 196.140 Current portion Note 18 Bagian jangka panjang 1.963.749 1.791.405 Non-current portion