AKUISISI ENTITAS ANAK ACQUISITION OF SUBSIDIARIES

PT GOLDEN EAGLE ENERGY Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN 31 DESEMBER 2013 DAN 2012 DAN TAHUN-TAHUN YANG BERAKHIR PADA TANGGAL TERSEBUT – Lanjutan PT GOLDEN EAGLE ENERGY Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS DECEMBER 31, 2013 AND 2012 AND FOR THE YEARS THEN ENDED – Continued - 66 - Jaminan yang diberikan sehubungan dengan fasilitas kredit tersebut adalah sebagai berikut: The collateral required by this credit facility are as follows:  Gadai atas seluruh saham TRA.  Pledge of all TRA’s shares.  Gadai atas seluruh rekening transaksi terkait fasilitas kredit.  Pledge of all TRA’s transactions related to the credit facility.  Fidusia atas seluruh persediaan, piutang dagang, dan aset tetap TRA.  Fiduciary of all inventory, trade receivables and property and equipment of TRA.  Pengalihan manfaat asuransi dan coal off-take agreement apabila ada.  Corporate guarantee PT Golden Eagle Energy Tbk.  Transfer of the benefits over insurance and coal off-take agreements if any.  Corporate guarantee of PT Golden Eagle Energy Tbk. Perjanjian fasilitas kredit tersebut juga mencantumkan persyaratan dan pembatasan sebagai berikut: The credit facility agreement also includes the following conditions and covenants:  TRA harus mendapatkan persetujuan tertulis dari Bank sebelum memperoleh penambahan pinjaman dari institusi keuangan lain dan membagikan deviden.   TRA shall obtain prior written consent from the bank to get additional financing from other financial institutions and to distribute dividends.  Subordinasi pinjaman direksi pinjaman pemegang saham pinjaman TRA afiliasi.   Subordination of director loan shareholder loan affiliated TRA ’s loan.  Pembatasan rasio keuangan TRA berikut ini:  Financial covenants required for TRA: a. Rasio Debt Service Coverage DSCR minimal sebesar 1,25x dimulai sejak tahun kedua. a. Minimum Debt Service Coverage Ratio DSCR at 1.25x starting from the second year of the loan period. b. Rasio utang terhadap EBITDA maksimum sebesar 3x sejak Laporan Keuangan Auditan Tahun 2014. b. Maximum total debt to EBITDA Ratio at 3x starting from the issuance of the 2014 Audited Financial Statements. c. Rasio utang terhadap ekuitas maksimum sebesar 3x. Dalam hal ini yang dimaksud ekuitas adalah semua modal disetor ditambah saldo laba dan setiap pinjaman dari pemegang saham yang disubordinasi atau pinjaman dari TRA terafiliasi yang disubordinasikan. c. Maximum debt to equity ratio at 3x. For the purpose of the equity computation, equity is defined as all paid-in capital plus retained earnings and any subordinated loans from shareholders or subordinated loans from TRA’s affiliated companies. Manajemen menilai bahwa TRA telah memenuhi perjanjian-perjanjian yang diperlukan. Management believes that TRA has complied with the required covenants. PT GOLDEN EAGLE ENERGY Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN 31 DESEMBER 2013 DAN 2012 DAN TAHUN-TAHUN YANG BERAKHIR PADA TANGGAL TERSEBUT – Lanjutan PT GOLDEN EAGLE ENERGY Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS DECEMBER 31, 2013 AND 2012 AND FOR THE YEARS THEN ENDED – Continued - 67 - 31. SEGMEN OPERASI

31. OPERATING SEGMENT

Berikut ini adalah informasi segmen berdasarkan segmen operasi: The following are segment information based on the operating divisions: Tambang batubara Eliminasi Konsolidasian Coal mining Eliminations Consolidated Rp Rp Rp LABA RUGI KOMPREHENSIF COMPREHENSIVE INCOME Pendapatan segmen 30.228.218.311 - 30.228.218.311 Segment income Beban segmen 25.041.160.838 - 25.041.160.838 Segment expense Laba sebelum pajak 5.187.057.473 - 5.187.057.473 Income before tax Pendapatan tidak dapat dialokasikan 19.428.407.386 Unallocated income Beban tidak dapat dialokasikan 4.266.806.034 Unallocated expense Beban pajak 1.010.850.375 Tax expenses Laba bersih periode berjalan 19.337.808.450 Net income for the period INFORMASI LAINNYA OTHER INFORMATION ASET ASSETS Aset segmen 539.877.332.112 112.500.000 539.764.832.112 Segment assets Aset tidak dapat dialokasikan 86.885.499.518 Unallocated assets Jumlah Aset 626.650.331.630 Total Assets LIABILITAS LIABILITIES Liabilitas segmen 341.133.308.201 180.057.885.600 161.075.422.601 Segment liabilities Kewajiban tidak dapat dialokasikan 1.346.975.818 Unallocated liabilities Jumlah Kewajiban 162.422.398.419 Total Liabilities December 31, 2013 31 Desember 2013 Tambang Papa Rons batubara Jumlah Eliminasi Konsolidasian Storeroom HO Amigos Pizza Coal mining Total Eliminations Consolidated Rp Rp Rp Rp Rp Rp Rp LABA RUGI KOMPREHENSIF COMPREHENSIVE INCOME Operasi yang dilanjutkan: Continuing operations: Pendapatan segmen - - - 21.415.165.632 21.415.165.632 - 21.415.165.632 Segment income Beban segmen - - - 8.128.612.278 8.128.612.278 - 8.128.612.278 Segment expense Laba sebelum pajak - - - 13.286.553.354 13.286.553.354 - 13.286.553.354 Income before tax Pendapatan tidak dapat dialokasikan 2.588.357.710 Unallocated income Beban pajak 755.027.860 Tax expenses Laba periode berjalan dari Income for the period from operasi yang dilanjutkan 15.119.883.204 continuing operations Operasi yang dihentikan: Discontinued operations: Penjualan ekstern 2.460.701.021 8.025.088.658 7.359.262.195 - 17.845.051.874 - 17.845.051.874 External sales Pendapatan royalti 628.316.869 - - - 628.316.869 - 628.316.869 Royalties income Penjualan antar segmen 2.919.087.208 - - - 2.919.087.208 2.919.087.208 - Inter-segment sales Jumlah pendapatan 6.008.105.098 8.025.088.658 7.359.262.195 - 21.392.455.951 2.919.087.208 18.473.368.743 Total revenue Beban pokok penjualan 4.903.004.453 4.269.501.787 4.237.915.963 - 13.410.422.203 2.371.845.873 11.038.576.330 Cost of sales Laba bruto 1.105.100.645 3.755.586.871 3.121.346.232 - 7.982.033.748 547.241.335 7.434.792.413 Gross profit Beban penjualan 185.496.229 2.922.568.582 3.606.929.812 - 6.714.994.623 547.241.335 6.167.753.288 Selling expense Laba rugi segmen 919.604.416 833.018.289 485.583.580 - 1.267.039.125 - 1.267.039.125 Segment income loss Beban tidak dapat dialokasikan - bersih 2.084.781.261 Unallocated expense - net Rugi bersih dari operasi Net loss from discontinued yang dihentikan 817.742.136 operations Laba bersih periode berjalan 14.302.141.068 Net income for the period INFORMASI LAINNYA OTHER INFORMATION ASET ASSETS Aset segmen - - - 480.179.294.813 480.179.294.813 - 480.179.294.813 Segment assets LIABILITAS LIABILITIES Liabilitas segmen - - - 34.165.680.348 34.165.680.348 - 34.165.680.348 Segment liabilities 31 Desember 2012 December 31, 2012 PT GOLDEN EAGLE ENERGY Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN 31 DESEMBER 2013 DAN 2012 DAN TAHUN-TAHUN YANG BERAKHIR PADA TANGGAL TERSEBUT – Lanjutan PT GOLDEN EAGLE ENERGY Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS DECEMBER 31, 2013 AND 2012 AND FOR THE YEARS THEN ENDED – Continued - 68 - 32. ASET DAN LIABILITAS MONETER DALAM MATA UANG ASING 32. MONETARY ASSETS AND LIABILITIES DENOMINATED IN FOREIGN CURRENCY Grup mempunyai aset dan liabilitas moneter dalam mata uang asing sebagai berikut: The Group had monetary assets and liabilities in foreign currencies as follows: Mata Uang Ekuivalen Mata Uang Ekuivalen Asing dalam rupiah Asing dalam rupiah Foreign Equivalent in Foreign Equivalent in Currency Rupiah Currency Rupiah Rp Rp Aset Assets Kas dan setara kas US 9.191.718 112.037.852.287 2.706.485 26.171.714.302 Cash and cash equivalents Piutang lain-lain kepada Other accounts receivable pihak ketiga US 115.000 1.401.735.000 885.000 8.557.950.000 from third parties Jumlah aset 9.306.718 113.439.587.287 3.591.485 34.729.664.302 Total assets Liabilitas Liabilities Utang lain-lain kepada Other accounts payable pihak ketiga US 1.980.000 24.134.220.000 2.480.000 23.981.600.000 to third parties Utang kepada pihak berelasi US 19.188 233.878.022 19.188 185.544.382 Due to related parties Utang bank US 10.828.638 131.990.268.582 - - Bank loan Jumlah liabilitas 12.827.826 156.358.366.604 2.499.188 24.167.144.382 Total liabilities Jumlah Aset Liabilitas Bersih US 3.521.108 42.918.779.317 1.092.297 10.562.519.920 Total Net Assets Liabilities December 31, 2013 31 Desember 2012 December 31, 2012 31 Desember 2013 Pada tanggal 31 Desember 2013 dan 2012, kurs konversi yang digunakan Grup serta kurs yang berlaku pada tanggal 27 Maret 2014 masing- masing sebesar Rp 12.189, Rp 9.670 dan Rp 11.438. The conversion rates used by the Group on December 31, 2013 and 2012 and the prevailing rates on March 27, 2014 are Rp 12,189, Rp 9,670 and Rp 11,438, respectively. 33. TRANSAKSI NON KAS 33. NON-CASH TRANSACTIONS Pada tahun-tahun yang berakhir 31 Desember 2013 dan 2012, Grup melakukan transaksi investasi dan pendanaan yang tidak mempengaruhi kas dan setara kas dan tidak termasuk dalam laporan arus kas konsolidasian dengan rincian sebagai berikut: In the years ended December 31, 2013 and 2012, the Group have investment and financing transactions that did not affect cash and cash equivalents and hence not included in the consolidated statements of cash flows with details as follow: 2013 2012 Rp Rp Kenaikan piutang lain-lain kepada Increase in other accounts receivables pihak ketiga dari keuntungan from third parties due to foreign kurs mata uang asing 489.115.000 532.770.000 exchange fluctuations Kenaikan aset tetap dari liabilitas Increase in property and equipment sewa pembiayaan 293.000.000 1.172.000.000 through finance lease obligations Kenaikan utang kepada pihak berelasi Increase in due to related parties due to dari kerugian kurs mata uang asing 48.333.640 9.522.152 foreign exchange Kenaikan utang kepada pihak ketiga Increase in other accounts payable to dari kerugian kurs mata uang third parties due to foreign exchange asing 5.117.118.707 1.456.582.000 fluctuations Kenaikan biaya eksplorasi dan Increase in deferred exploration pengembangan ditangguhkan dari and development expense from kapitalisasi beban 13.927.161.727 2.722.440.304 capitalization of expenses Kenaikan utang bank dari kerugian Increase in bank loan from loss of foreign kurs mata uang asing 15.900.931.256 - exchange Kenaikan aset tetap dari utang jangka Increase in property and equipment through panjang lainnya 103.580.964 - incurrence of other long term liability Penurunan uang muka - tidak lancar 2.143.362.099 - Decrease in advances - noncurrent