FIXED ASSET continued Krakatau Steel 30 September 2014 released

PT KRAKATAU STEEL PERSERO Tbk dan Entitas Anaknya CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN INTERIM 30 September 2014 Disajikan dalam ribuan Dolar AS dan dalam jutaan Rupiah, Kecuali Dinyatakan Lain PT KRAKATAU STEEL PERSERO Tbk and Its Subsidiaries NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS September 30, 2014 Expressed in thousands of US Dollar and in millions of Rupiah, Unless Otherwise Stated 81 14. PIUTANG JANGKA PANJANG 14. LONG-TERM RECEIVABLES Akun ini terdiri dari: This account consists of: 30092014 31122013 Lain-lain 22 37 Others Berdasarkan surat dari Menteri Badan Usaha Milik Negara No. S-58M-BUMN2003 tanggal 7 Mei 2003, Perusahaan memberikan pinjaman untuk program penyehatan PT Boma Bisma Indra “BBI” sejumlah Rp80.000. Sesuai dengan perjanjian pinjam meminjam uang dan addendum perjanjian, pinjaman ini dikenakan tingkat bunga 8,0 per tahun dan akan diangsur setiap bulan Maret mulai tahun 2006 hingga 2015. Perusahaan tidak mencatat piutang bunga atas pinjaman tersebut karena manajemen Perusahaan berpendapat bahwa piutang bunga tersebut tidak dapat tertagih. Based on a letter from the Ministry of State-Owned Enterprises No. S-58M-BUMN2003 dated May 7, 2003, the Company granted loans amounting to Rp80,000 for restructuring program of PT Boma Bisma Indra “BBI”. Based on the Lending and Borrowing Agreement and its Amendment, this loan bears interest rate at 8.0 per annum and will be repaid at each March, starting 2006 to 2015. The Company did not recognize interest receivable on this loan since the Company‟s management believes that the interest receivable is not collectible. Berdasarkan Perjanjian Penyelesaian Pinjam Meminjam uang tanggal 27 Juni 2013, perusahaan dan BBI sepakat menyelesaikan pinjaman tersebut dengan cara kompensasi sekaligus pembayaran sewa oleh Perusahaan atas tanah dan bangunan milik BBI untuk periode sewa selama 24 tahun dan 2 bulan. Perjanjian ini telah disetujui oleh Dewan Komisaris Perusahaan pada tanggal 4 Juni 2013 dan pemegang saham BBI tanggal 27 Juni 2013. Atas tansaksi tersebut di atas, Perusahaan telah melakukan Keterbukaan Informasi melalui Surat No. 152DU-KS2013 tanggal 27 Juni 2013 ke BAPEPAM-LK dan Bursa Efek Indonesia. Based on the Lending and Borrowing Agreeement Settlement dated June 27, 2013, the Company and BBI agreed to settle the receivable by full compensation of lease payment made by the Company on land buildings owned by BBI for the lease period of 24 years and 2 months. This agreement was approved by the Company‟s Board of Commissioners on June 4, 2013 and BBI‟s shareholderson June 27, 2013. For the transaction, the Company has made the Disclosure of Information in its Letter No. 152DU- KS2013 dated June 27, 2013 to BAPEPAM-LK and the Indonesia Stock Exchange. Sesuai dengan PSAK No. 30 Revisi 2011, porsi pembayaran sewa atas tanah sebesar US2.598 dicatat sebagai sewa jangka panjang yang disajikan dalam akun “Aset Lain-lain” dan porsi pembayaran sewa atas bangunan sebesar US4.623 dicatat dalam akun “Aset tetap – Aset sewa pembiayaan” Catatan 13. In accordance with PSAK No. 30 Revised 2011, the portion of lease payment on land of US2,598 was recorded as long-term leases and presented recorded in the “Other Assets” account and the portion of lease payment on buildings of US4,623 was recorded in the “Fixed Assets – Assets under finance lease” account Note 13.. PT KRAKATAU STEEL PERSERO Tbk dan Entitas Anaknya CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN INTERIM 30 September 2014 Disajikan dalam ribuan Dolar AS dan dalam jutaan Rupiah, Kecuali Dinyatakan Lain PT KRAKATAU STEEL PERSERO Tbk and Its Subsidiaries NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS September 30, 2014 Expressed in thousands of US Dollar and in millions of Rupiah, Unless Otherwise Stated 82 15. PINJAMAN BANK JANGKA PENDEK 15. SHORT-TERM BANK LOANS Perusahaan dan Entitas Anak memperoleh fasilitas kredit dari beberapa bank, sebagai berikut: The Company and Subsidiaries have obtained loan facilities from several banks, as follows: 30092014 31122013 Perusahaan The Company Pihak Ketiga Third Parties PT Bank CIMB Niaga Tbk PT Bank CIMB Niaga Tbk Kredit Modal Kerja 20.000 8.204 Working Capital Loan Letter of Credit Import 66.284 21.479 Letter of Credit Import The Bank DBS Indonesia The Bank DBS Indonesia Letter of Credit Import 44.651 53.732 Letter of Credit Import Bank of Tokyo - Mitsubishi Bank of Tokyo - Mitsubishi UFJ. Ltd. Jakarta - 23.559 UFJ. Ltd. Jakarta Standard Chartered Bank Standard Chartered Bank Letter of Credit Import 35.335 10.577 Letter of Credit Import Indonesia Exim Bank Indonesia Exim Bank Letter of Credit Import 45.038 - Letter of Credit Import Bank ICBC Indonesia Bank ICBC Indonesia Kredit Modal Kerja 20.000 - Working Capital Loan Entitas berelasi dengan Pemerintah Government - Related Entities PT Bank Mandiri Persero Tbk PT Bank Mandiri Persero Tbk Letter of Credit Impor 291.560 103.347 Letter of Credit Import Kredit Modal Kerja dalam Rupiah Working Capital Loan in Rupiah Rp500.063 pada tahun 2014 dan 40.948 68.094 Rp500,063 in 2014 and Rp830.000 pada tahun 2013 Rp830,000 in 2013 PT Bank Negara Indonesia Persero Tbk PT Bank Negara Indonesia Persero Tbk Kredit Modal Kerja untuk Impor 183.794 174.732 Working Capital Loan for Import Kredit Modal Kerja dalam Rupiah Working Capital Loan in Rupiah Rp500.000 pada tahun 2014 dan Rp500,000 in 2014 and Rp1.100.000 pada tahun 2013 40.943 90.245 Rp1,100,000 in 2013 PT Bank Rakyat Indonesia Persero Tbk PT Bank Rakyat Indonesia Persero Tbk Letter of credit impor Letter of credit import Kredit Modal Kerja untuk Impor 71.817 119.221 Working Capital Loan for Import Kredit Modal Kerja dalam Rupiah Working Capital Loan in Rupiah Rp702.998 pada tahun 2014 dan Rp702,998 in 2014, and nihil pada tahun 2013 57.566 - nil in 2013 Sub-total 917.936 673.190 Sub-total