SIGNIFICANT BALANCES PERSEDIAAN INVENTORIES

PT KRAKATAU STEEL PERSERO Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN INTERIM Pada Tanggal 30 September 2013 dan 31 Desember 2012 Disajikan dalam ribuan Dolar AS dan dalam jutaan Rupiah, Kecuali Dinyatakan Lain PT KRAKATAU STEEL PERSERO Tbk AND SUBSIDIARIES NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS As of September 30, 2013 and December 31, 2012 Expressed in thousands of US Dollar and in million Rupiah, Unless Otherwise Stated 66 10. PERSEDIAAN lanjutan 10. INVENTORIES continued Perubahan penyisihan penurunan nilai persediaan dan persediaan usang adalah sebagai berikut: The changes in the allowance for decline in value of inventory and inventory obsolescence are as follows: 30092013 31122012 Saldo awal 10.510 9.700 Beginning balance Penambahan penyisihan 1.722 5.415 Additional provision Pemulihan penyisihan 3.668 4.593 Recovery of allowances Lain-lain - 12 Others Saldo akhir 8.564 10.510 Ending balance Pada tanggal 30 September 2013 dan 31 Desember 2012, Perusahaan dan Entitas Anak melakukan tambahan penyisihan penurunan nilai persediaan barang jadi masing-masing sebesar US1.722 dan US5.415 karena nilai tercatat persediaan tersebut lebih tinggi dibandingkan nilai realisasi neto. Pada tanggal-tanggal 30 September 2013 dan 31 Desember 2012, saldo penyisihan penurunan nilai persediaan masing-masing sebesar US3.668 dan US4.593. Pemulihan nilai persediaan merupakan realisasi atas penjualan dan atau pemakaian persediaan yang bersangkutan. As of September 30, 2013 and December 31, 2012, the Company and Subsidiaries made additional provision for decline in value of inventory for finished goods amounting to US1,722 and US5,415, respectively, since the carrying value of such inventories were higher than the net realizable value. As of September 30, 2013 and December 31, 2012, the balance of allowance for decline in value of inventory amounted to US3,668 dan US4,593, respectively. The recovery of the value of the inventories represents sale andor usage of such inventories. Persediaan Perusahaan dan Entitas Anak tertentu digunakan sebagai jaminan atas fasilitas pinjaman yang diperoleh dari kreditur Catatan 15 dan 21. The inventories of the Company and certain Subsidiaries are pledged as collateral to the loan facilities obtained from creditors Notes 15 and 21. Berdasarkan hasil penelaahan atas nilai realisasi neto persediaan dan keadaan fisik persediaan pada 30 September 2013, manajemen Perusahaan dan Entitas Anak berpendapat bahwa penyisihan atas penurunan nilai persediaan dan persediaan usang adalah cukup untuk menutupi kemungkinan kerugian yang timbul dari kondisi-kondisi tersebut. Based on the review of the net realizable value of inventories and physical condition of inventories as of September 30, 2013, the management of the Company and Subsidiaries is of the opinion that the allowances for decline in value of inventory and inventory obsolescence are adequate to cover possible losses arising from such conditions. Pada tanggal 30 September 2013, persediaan Perusahaan dan Entitas Anak, kecuali steel scrap, steel billets dan steel slabs, diasuransikan terhadap risiko kebakaran dan risiko lainnya berdasarkan suatu paket polis tertentu bersama-sama dengan aset tetap Perusahaan dan Entitas Anak Catatan 13. Manajemen Perusahaan dan Entitas Anak berpendapat bahwa nilai pertanggungan cukup untuk menutupi kemungkinan kerugian yang timbul dari risiko-risiko tersebut. As of September 30, 2013 , the Company‟s and Subsidiaries‟ inventories, except for steel scrap, steel billets and steel slabs, are covered by insurance against fire and other risks under certain blanket policies together with the Company‟s and Subsidiaries‟ fixed assets Note 13. The management of the Company and Subsidiaries is of the opinion that the sums insured are adequate to cover possible losses that may arise from such risks. PT KRAKATAU STEEL PERSERO Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN INTERIM Pada Tanggal 30 September 2013 dan 31 Desember 2012 Disajikan dalam ribuan Dolar AS dan dalam jutaan Rupiah, Kecuali Dinyatakan Lain PT KRAKATAU STEEL PERSERO Tbk AND SUBSIDIARIES NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS As of September 30, 2013 and December 31, 2012 Expressed in thousands of US Dollar and in million Rupiah, Unless Otherwise Stated 67 11. UANG MUKA DAN BIAYA DIBAYAR DI MUKA 11. ADVANCES AND PREPAID EXPENSES Akun ini terdiri dari: This account consists of: 30092013 31122012 Biaya dibayar dimuka - pekerjaan dalam penyelesaian 2.359 20.235 Prepaid expenses - Work in progress Uang muka 21.175 17.040 Advances to payments Asuransi 3.779 2.400 Insurance Lain-lain 9.215 1.257 Other Total 36.528 40.932 Total Biaya dibayar di muka - pekerjaan dalam penyelesaian merupakan biaya yang dikeluarkan oleh PT KE, Entitas Anak yang bergerak di bidang rekayasa dan konstruksi, yang akan dibebankan ke beban pokok pendapatan sesuai dengan persentase penyelesaian kontrak konstruksi. Prepaid expenses - work in progress represent costs incurred by PT KE, a Subsidiary engaged in the construction and engineering, which will be charged to cost of revenues based on percentage of completion of the construction contract. Uang muka terutama terdiri dari uang muka proyek yang dibayar oleh PT KE kepada subkontraktor dan pimpinan proyek sehubungan dengan pelaksanaan pekerjaan proyek. Advance payments mainly represent project advances paid by PT KE to sub-contractors and project leaders in relation to the performance of project work. 12. PENYERTAAN SAHAM 12. INVESTMENTS IN SHARES OF STOCK Akun ini terdiri dari: This account consists of: Metode ekuitas Equity method PT Krakatau Posco 30,00 264.042 6.260 7.971 - 210.255 EliminasiElimination 52.075 - - - - 211.967 6.260 7.971 - 210.255 PT Pelat Timah Nusantara Tbk 20,10 9.549 - 327 - 9.222 PT Kerismas Witikco Makmur 29,31 8.177 - 1.668 - 6.509 PT Krakatau Prima Dharma Sentana 25,00 46 - 32 - 14 PT Krakatau Posco Chemtech Calcination 20,00 4.100 - 789 - 3.311 PT Indo japan Steel Center 20,00 2.131 - 1 - 2.130 PT Krakatau Osaka Steel 49,00 3.675 - - - 3.675 EliminasiElimination 3.675 - - - 3.675 - - - - - PT Krakatau Nippon Steel Sumikin 49,00 3.528 - - - 3.528 EliminasiElimination 3.528 - - - 3.528 - - - - - PT Krakatau Posco Chemtech Dongsuh Chemical 30,00 - 2.601 408 - 2.193 PT Krakatau Blue Water 33,00 - 112 17 - 95 PT Krakatau Samator - 287 41 - 246 PT Krakatau Daedong Machinery - 754 - - 754 Total metode ekuitas Total equity method 235.970 10.014 11.255 - 234.729 Metode biaya perolehan Cost method PT Maleo Emtiga 51,64 5.211 - - - 5.211 PT Seamless Pipe Indonesia Jaya 2,19 1.091 - - - 1.091 South Australian Steel and Energy 6,67 610 - - - 610 PT Marga Mandala Sakti 0,47 71 - - - 71 PT Metbelosa 15,00 48 - - - 48 PT Indonesia Asri Refractories 10,00 22 - - - 22 PT Krakatau Posco Power 10,00 8.310 8.310 Total metode biaya perolehan Total 15.363 - - - 15.363 Penyisihan penurunan nilai investasi Allowances for decline in value of investment 6.934 6.934 Neto Net 244.399 10.014 11.255 - 243.158 30 September 2013 September 30, 2013 Persentase kepemilikan Percentage of ownership Nilai tercatat 1 Januari 2013 Carrying value January 1, 2013 Penambahan Additions Penyesuaian translasi Translation adjustment Bagian laba rugi Share in profit loss Dividen kas Cash dividends Nilai tercatat 30 September 2013 Carrying value September 30, 2013