Sa lin g h a pu s a n t a r Ase t Ke u a n ga n da n

PT. CHANDRA ASRI PETROCHEMI CAL Tbk DAN ENTI TAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLI DASI AN 31 DESEMBER 2016 DAN 2015 DAN UNTUK TAHUN-TAHUN YANG BERAKHI R PADA TANGGAL TERSEBUT Lanjutan PT. CHANDRA ASRI PETROCHEMI CAL Tbk AND I TS SUBSI DI ARI ES NOTES TO CONSOLI DATED FI NANCI AL STATEMENTS DECEMBER 31, 2016 AND 2015 AND FOR THE YEARS THEN ENDED Continued - 25 - Beban pem elihar aan dan per baik an dibebank an pada laba r ugi pada saat t er j adiny a. Biay a- biay a lain y ang t er j adi selanj ut ny a y ang t im bul unt uk m enam bah, m enggant i at au m em per baik i aset t et ap dicat at sebagai biay a per olehan aset j ik a dan hany a j ik a besar k em ungk inan m anfaat ek onom is di m asa depan ber k enaan dengan aset t er sebut ak an m engalir k e ent it as dan biay a per olehan aset dapat diuk ur secar a andal. The cost of m aint enance and r epair s is char ged t o pr ofit or loss as incur r ed. Ot her cost s incur r ed subsequent ly t o add t o, r eplace par t of, or ser v ice an it em of pr oper t y , plant and equipm ent , ar e r ecognized as asset if, and only if it is pr obable t hat fut ur e econom ic benefit s associat ed w it h t he it em w ill flow t o t he ent it y and t he cost of t he it em can be m easur ed r eliably . Biay a ber k ala unt uk ov er haul m esin y ang dik apit alisasi diam or t isasi dengan m enggunak an gar is lur us selam a per iode ber lak u sam pai ov er haul ber ik ut ny a. Capit alized cost of m aj or per iodical ov er hauls of m achiner y is am or t ized using t he st r aight line m et hod ov er t he per iod t o t he nex t ov er haul. Aset t et ap y ang dihent ik an pengak uanny a at au y ang dij ual nilai t er cat at ny a dik eluar k an dar i k elom pok aset t et ap. Keunt ungan at au k er ugian dar i penj ualan aset t et ap t er sebut dibuk uk an dalam laba r ugi. When asset s ar e r et ir ed or ot her w ise disposed of, t heir car r y ing am ount s ar e r em ov ed fr om t he account s and any r esult ing gain or loss is r eflect ed in pr ofit or loss. Aset dalam peny elesaian diny at ak an sebesar biay a per olehan. Biay a per olehan t er sebut t er m asuk biay a pinj am an y ang t er j adi selam a m asa pem bangunan y ang t im bul dar i ut ang y ang digunak an unt uk pem bangunan aset t er sebut . Ak um ulasi biay a per olehan ak an dipindahk an k e m asing- m asing aset t et ap y ang ber sangk ut an pada saat selesai dan siap digunak an. Const r uct ion in pr ogr ess is st at ed at cost w hich includes bor r ow ing cost s dur ing const r uct ion on debt s incur r ed t o finance t he const r uct ion. Const r uct ion in pr ogr ess is t r ansfer r ed t o t he r espect iv e pr oper t y , plant and equipm ent account w hen com plet ed and r eady for use. Nilai sebuah aset t er m asuk est im asi aw al biay a pem bongk ar an, pem indahan aset t et ap dan r est or asi lok asi aset . Liabilit as y ang t im bul at as est im asi t er sebut dicat at sebagai “ Est im asi biay a pem bongk ar an aset t et ap” . Kew aj iban unt uk biay a y ang diper hit ungk an diak ui dan diuk ur sesuai dengan Cat at an 3p. The cost of an asset includes t he init ial est im at e of t he cost of dism ant ling and r em ov ing t he it em and r est or ing t he sit e on w hich it is locat ed. Liabilit ies r esult ing fr om such est im at ion w er e r ecor ded as “ Decom m issioning Cost ” . The obligat ion for cost s t o be account ed for ar e r ecognized and m easur ed in accor dance w it h Not e 3p.

o. Pe n u r u n a n N ila i Ase t N on - Ke u a n ga n

o. I m pa ir m e n t of N on - Fin a n cia l Asse t s Pada set iap ak hir per iode pelapor an, Gr up m enelaah nilai t er cat at aset non- k euangan unt uk m enent uk an apak ah t er dapat indik asi bahw a aset t er sebut t elah m engalam i penur unan nilai. Jik a t er dapat indik asi t er sebut , j um lah t er pulihk an dar i aset diest im asi unt uk m enent uk an t ingk at k er ugian penur unan nilai j ik a ada . Bila t idak m em ungk ink an unt uk m engest im asi j um lah t er pulihk an at as suat u aset indiv idual, Gr up m engest im asi j um lah t er pulihk an dar i unit penghasil k as at as aset . At t he end of each r epor t ing per iod, t he Gr oup r ev iew s t he car r y ing am ount of non- financial asset s t o det er m ine w het her t her e is any indicat ion t hat t hose asset s hav e suffer ed an im pair m ent loss. I f any such indicat ion ex ist s, t he r ecov er able am ount of t he asset is est im at ed in or der t o det er m ine t he ex t ent of t he im pair m ent loss if any . Wher e it is not possible t o est im at e t he r ecov er able am ount of an indiv idual asset , t he Gr oup est im at es t he r ecov er able am ount of t he cash gener at ing unit t o w hich t he asset belongs. Est im asi j um lah t er pulihk an adalah nilai t er t inggi ant ar a nilai w aj ar dik ur angi biay a pelepasan dan nilai pak ai. Dalam m enilai nilai pak ainy a, est im asi ar us k as m asa depan didisk ont ok an k e nilai k ini m enggunak an t ingk at disk ont o sebelum paj ak y ang m enggam bar k an penilaian pasar k ini dar i nilai w ak t u uang dan r isik o spesifik at as aset y ang m ana est im asi ar us k as m asa depan belum disesuaik an. Est im at ed r ecov er able am ount is t he higher of fair v alue less cost t o sell and v alue in use. I n assessing v alue in use, t he est im at ed fut ur e cash flow s ar e discount ed t o t heir pr esent v alue using a pr e- t ax discount r at e t hat r eflect s cur r ent m ar k et assessm ent s of t he t im e v alue of m oney and t he r isk s specific t o t he asset for w hich t he est im at es of fut ur e cash flow s hav e not been adj ust ed. PT. CHANDRA ASRI PETROCHEMI CAL Tbk DAN ENTI TAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLI DASI AN 31 DESEMBER 2016 DAN 2015 DAN UNTUK TAHUN-TAHUN YANG BERAKHI R PADA TANGGAL TERSEBUT Lanjutan PT. CHANDRA ASRI PETROCHEMI CAL Tbk AND I TS SUBSI DI ARI ES NOTES TO CONSOLI DATED FI NANCI AL STATEMENTS DECEMBER 31, 2016 AND 2015 AND FOR THE YEARS THEN ENDED Continued - 26 - Jik a j um lah t er pulihk an dar i aset non- k euangan unit penghasil k as lebih k ecil dar i nilai t er cat at ny a, nilai t er cat at aset unit penghasil k as dit ur unk an m enj adi sebesar j um lah t er pulihk an dan r ugi penur unan nilai seger a diak ui dalam laba r ugi. I f t he r ecov er able am ount of t he non - financial asset cash gener at ing unit is less t han it s car r y ing am ount , t he car r y ing am ount of t he asset cash gener at ing unit is r educed t o it s r ecov er able am ount and an im pair m ent loss is r ecognized im m ediat ely against ear nings. Kebij ak an ak unt ansi unt uk penur unan nilai aset k euangan dij elask an dalam Cat at an 3g. Account ing policy for im pair m ent of financial asset s is discussed in Not e 3g.

p. Pr ov isi

p. Pr ov ision s Pr ov isi diak ui k et ik a Gr up m em ilik i k ew aj iban k ini baik ber sifat huk um m aupun ber sifat k onst r uk t if sebagai ak ibat per ist iw a m asa lalu, k em ungk inan besar Gr up dihar usk an m eny elesaik an k ew aj iban dan est im asi y ang andal m engenai j um lah k ew aj iban t er sebut dapat dibuat . Pr ov isions ar e r ecognized w hen t he Gr oup has a pr esent obligat ion legal or const r uct iv e as a r esult of a past ev ent , it is pr obable t hat t he Gr oup w ill be r equir ed t o set t le t he obligat ion, and a r eliable est im at e can be m ade of t he am ount of t he obligat ion. Jum lah y ang diak ui sebagai pr ov isi adalah hasil est im asi t er baik pengeluar an y ang diper luk an unt uk m eny elesaik an k ew aj iban k ini pada ak hir per iode pelapor an, dengan m em per t im bangk an r isik o dan k et idak past ian y ang m eliput i k ew aj ibanny a. Apabila suat u pr ov isi diuk ur m enggunak an ar us k as y ang diper k ir ak an unt uk m eny elesaik an k ew aj iban k ini, m ak a nilai t er cat at ny a adalah nilai k ini dar i ar us k as. The am ount r ecognized as a pr ov ision is t he best est im at e of t he consider at ion r equir ed t o set t le t he pr esent obligat ion at t he end of t he r epor t ing per iod, t ak ing int o account t he r isk s and uncer t aint ies sur r ounding t he obligat ion. Wher e a pr ov ision is m easur ed using t he cash flow s est im at ed t o set t le t he pr esent obligat ion, it s car r y ing am ount is t he pr esent v alue of t hose cash flow s. Ket ik a beber apa at au selur uh m anfaat ek onom i unt uk peny elesaian pr ov isi y ang dihar apk an dapat dipulihk an dar i pihak k et iga, piut ang diak ui sebagai aset apabila t er dapat k epast ian bahw a penggant ian ak an dit er im a dan j um lah piut ang dapat diuk ur secar a andal. When som e or all of t he econom ic benefit s r equir ed t o set t le a pr ov ision ar e ex pect ed t o be r ecov er ed fr om a t hir d par t y , a r eceiv able is r ecognized as an asset if it is v ir t ually cer t ain t hat r eim bur sem ent w ill be r eceiv ed and t he am ount of t he r eceiv able can be m easur ed r eliably .

q. Bia y a pin j a m a n

q. Bor r ow in g Cost s Biay a pinj am an y ang dapat diat r ibusik an secar a langsung dengan per olehan, k onst r uk si at au pem buat an aset k ualifik asian, m er upak an aset y ang m em but uhk an w ak t u y ang cuk up lam a agar siap unt uk digunak an at au dij ual, dit am bahk an pada biay a per olehan aset t er sebut , sam pai dengan saat selesainy a aset secar a subst ansial siap unt uk digunak an at au dij ual. Bor r ow ing cost s dir ect ly at t r ibut able t o t he acquisit ion, const r uct ion or pr oduct ion of qualify ing asset s, w hich ar e asset s t hat necessar ily t ak e a subst ant ial per iod of t im e t o get r eady for t heir int ended use or sale, ar e added t o t he cost of t hose asset s, unt il such t im e as t he asset s ar e subst ant ially r eady for t heir int ended use or sale. Penghasilan inv est asi diper oleh at as inv est asi sem ent ar a dar i pinj am an y ang secar a spesifik belum digunak an unt uk pengeluar an aset k ualifik asian dik ur angi dar i biay a pinj am an y ang dik apit alisasi. I nv est m ent incom e ear ned on t he t em por ar y inv est m ent of specific bor r ow ings pending t heir ex pendit ur e on qualify ing asset s is deduct ed fr om t he bor r ow ing cost s eligible for capit alizat ion. Sem ua biay a pinj am an lainny a diak ui dalam laba r ugi pada per iode t er j adiny a. All ot her bor r ow ing cost s ar e r ecognized in pr ofit or loss in t he per iod in w hich t hey ar e incur r ed. r . Pe n ga k u a n Pe n da pa t a n da n Be ba n r. Re v e n u e a n d Ex pe n se Re cogn it ion Pendapat an diuk ur dengan nilai w aj ar im balan y ang dit er im a at au dapat dit er im a. Pendapat an dik ur angi dengan est im asi r et ur pelanggan, r abat dan cadangan lain y ang ser upa. Rev enue is m easur ed at t he fair v alue of t he consider at ion r eceiv ed or r eceiv able. Rev enue is r educed for est im at ed cust om er r et ur ns, r ebat es and ot her sim ilar allow ances. PT. CHANDRA ASRI PETROCHEMI CAL Tbk DAN ENTI TAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLI DASI AN 31 DESEMBER 2016 DAN 2015 DAN UNTUK TAHUN-TAHUN YANG BERAKHI R PADA TANGGAL TERSEBUT Lanjutan PT. CHANDRA ASRI PETROCHEMI CAL Tbk AND I TS SUBSI DI ARI ES NOTES TO CONSOLI DATED FI NANCI AL STATEMENTS DECEMBER 31, 2016 AND 2015 AND FOR THE YEARS THEN ENDED Continued - 27 - Penj ualan bar ang Pendapat an dar i penj ualan bar ang har us diak ui bila selur uh k ondisi ber ik ut dipenuhi: Sale of goods Rev enue fr om sale of goods is r ecognized w hen all of t he follow ing condit ions ar e sat isfied: • Gr up t elah m em indahk an r isik o dan m anfaat secar a signifik an k epem ilik an bar ang k epada pem beli; • The Gr oup has t r ansfer r ed t o t he buy er t he significant r isk s and r ew ar ds of ow ner ship of t he goods; • Gr up t idak lagi m elanj ut k an pengelolaan y ang biasany a t er k ait dengan k epem ilik an at as bar ang at aupun m elak uk an pengendalian efek t if at as bar ang y ang dij ual; • The Gr oup r et ains neit her cont inuing m anager ial inv olv em ent t o t he degr ee usually associat ed w it h ow ner ship nor effect iv e cont r ol ov er t he goods sold; • Jum lah pendapat an dapat diuk ur dengan andal; • The am ount of r ev enue can be m easur ed r eliably ; • Kem ungk inan besar m anfaat ek onom i y ang t er k ait dengan t r ansak si ak an m engalir k epada Gr up t er sebut ; dan • I t is pr obable t hat t he econom ic benefit s associat ed w it h t he t r ansact ion w ill flow t o t he Gr oup; and • Biay a y ang t er j adi at au ak an t er j adi sehubungan t r ansak si penj ualan t er sebut dapat diuk ur dengan andal. • The cost incur r ed or t o be incur r ed in r espect of t he t r ansact ion can be m easur ed r eliably . Pendapat an sew a t angk i dan der m aga Pendapat an sew a t angk i diak ui k et ik a sebagai pendapat an dengan dasar gar is lur us selam a m asa sew a. Tank and j et t y lease r ev enue Tank lease r ev enue is r ecognized on a st r aight - line basis ov er t he t er m of r elev ant lease. Pendapat an div iden Pendapat an div iden dar i inv est asi diak ui k et ik a hak pem egang saham unt uk m ener im a pem bay ar an dit et apk an. Div idend r ev enue Div idend r ev enue fr om inv est m ent s is r ecognized w hen t he shar eholder s’ r ight s t o r eceiv e pay m ent has been est ablished. Pendapat an bunga Pendapat an bunga diak r u ber dasar k an w ak t u t er j adiny a dengan acuan j um lah pok ok t er hut ang dan t ingk at bunga y ang ber lak u. I nt er est r ev enue I nt er est r ev enue is accr ued on t im e basis, by r efer ence t o t he pr incipal out st anding and at t he applicable int er est r at e. Beban Beban diak ui pada saat t er j adiny a. Ex penses Ex penses ar e r ecognized w hen incur r ed.

s. I m ba la n Pa sca Ke r j a

s. Em ploy e e Be n e fit s Pr ogr am pensiun iur an past i Defined cont r ibut ion pension plan Gr up m eny elenggar ak an pr ogr am pensiun iur an past i unt uk selur uh k ar y aw an t et apny a. I ur an y ang dit anggung Gr up diak ui sebagai beban pada laba r ugi. The Gr oup est ablished a defined cont r ibut ion pension plan cov er ing all of t heir per m anent em ploy ees. Cont r ibut ion funded by t he Gr oup w er e char ged t o pr ofit or loss. I m balan pasca k er j a im balan past i Defined post - em ploy m ent benefit s Gr up m eny elenggar ak an pr ogr am pensiun im balan past i unt uk sem ua k ar y aw an t et apny a. Gr up j uga m em buk uk an im balan pasca k er j a im balan past i unt uk k ar y aw an sesuai dengan Undang Undang Ket enagak er j aan No. 13 2003. Gr up m enghit ung selisih ant ar a im balan y ang dit er im a k ar y aw an ber dasar k an undang- undang y ang ber lak u dengan m anfaat y ang dit er im a dar i pr ogr am pensiun unt uk pensiun nor m al. The Gr oup est ablished defined benefit pension plan cov er ing all t he local per m anent em ploy ees. I n addit ion, t he Gr oup also pr ov ides post - em ploy m ent benefit s as r equir ed under Labor Law No. 13 2003 t he “ Labor Law ” . For nor m al pension schem e, t he Gr oup calculat es and r ecognizes t he higher of t he benefit s under t he Labor Law and t hose under such pension plan. PT. CHANDRA ASRI PETROCHEMI CAL Tbk DAN ENTI TAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLI DASI AN 31 DESEMBER 2016 DAN 2015 DAN UNTUK TAHUN-TAHUN YANG BERAKHI R PADA TANGGAL TERSEBUT Lanjutan PT. CHANDRA ASRI PETROCHEMI CAL Tbk AND I TS SUBSI DI ARI ES NOTES TO CONSOLI DATED FI NANCI AL STATEMENTS DECEMBER 31, 2016 AND 2015 AND FOR THE YEARS THEN ENDED Continued - 28 - Per usahaan m em buat pendanaan unt uk im balan ini y ang dik elola oleh sebuah per usahaan asur ansi. Pendanaan t er sebut t idak m em enuhi sy ar at sebagai aset pr ogr am dan diper lak uk an sebagai hak penggant ian. The Com pany m ade funding of t his benefit t hr ough an inv est m ent fund being m anaged by an insur ance com pany . Such funding does not qualify as a plan asset how ev er account ed for as a r eim bur sem ent r ight . Biay a peny ediaan im balan dit ent uk an dengan m enggunak an m et ode pr oj ect ed unit cr edit dengan penilaian ak t uar ia y ang dilak uk an pada set iap ak hir per iode pelapor an t ahunan. Penguk ur an k em bali, t er dir i dar i k eunt ungan dan k er ugian ak t uar ial, per ubahan dam pak bat as at as aset j ik a ada dan dar i im bal hasil at as aset pr ogr am t idak t er m asuk bunga , y ang t er cer m in langsung dalam lapor an posisi k euangan k onsolidasian y ang dibebank an at au dik r edit k an dalam penghasilan k om pr ehensif lain per iode t er j adiny a. Penguk ur an k em bali diak ui dalam penghasilan k om pr ehensif lain t er cer m in sebagai pos t er pisah pada penghasilan k om pr ehensif lain di ek uit as dan t idak ak an dir ek las k e laba r ugi. Biay a j asa lalu diak ui dalam laba r ugi pada per iode am andem en pr ogr am . Bunga net o dihit ung dengan m engalik an t ingk at disk ont o pada aw al per iode im balan past i dengan liabilit as at au aset im balan past i net o. Biay a im balan past i dik at egor ik an sebagai ber ik ut : The cost of pr ov iding benefit s is det er m ined using t he pr oj ect ed unit cr edit m et hod, w it h act uar ial v aluat ions being car r ied out at t he end of each annual r epor t ing per iod. Rem easur em ent , com pr ising act uar ial gains and losses, t he effect of t he changes t o t he asset ceiling if applicable and t he r et ur n on plan asset s ex cluding int er est , is r eflect ed im m ediat ely in t he consolidat ed st at em ent s of financial posit ion w it h a char ge or cr edit r ecognized in ot her com pr ehensiv e incom e in t he per iod in w hich t hey occur . Rem easur em ent r ecognized in ot her com pr ehensiv e incom e is r eflect ed as a separ at e it em under ot her com pr ehensiv e incom e in equit y and w ill not be r eclassified t o pr ofit or loss. Past ser v ice cost is r ecognized in pr ofit or loss in t he per iod of a plan am endm ent . Net int er est is calculat ed by apply ing t he discount r at e at t he beginning of t he per iod t o t he net defined benefit liabilit y or asset . Defined benefit cost s ar e cat egor ised as follow s: • Biay a j asa t er m asuk biay a j asa k ini, biay a j asa lalu ser t a k eunt ungan dan k er ugian k ur t ailm en dan peny elesaian . • Ser v ice cost including cur r ent ser v ice cost , past ser v ice cost , as w ell as gains and losses on cur t ailm ent s and set t lem ent s . • Beban at au pendapat an bunga net o. • Net int er est ex pense or incom e. • Penguk ur an k em bali. • Rem easur em ent . Gr up m eny aj ik an dua k om ponen per t am a dar i biay a im balan past i di laba r ugi, Keunt ungan dan k er ugian k ur t ailm en dicat at sebagai biay a j asa lalu. The Gr oup pr esent s t he fir st t w o com ponent s of defined benefit cost s in pr ofit or loss. Cur t ailm ent gains and losses ar e account ed f or as past ser v ice cost s. Liabilit as im balan pensiun y ang diak ui pada lapor an posisi k euangan k onsolidasian m er upak an defisit at au sur plus ak t ual dalam pr ogr am im balan past i Gr up. Sur plus y ang dihasilk an dar i per hit ungan ini t er bat as pada nilai k ini m anfaat ek onom ik y ang t er sedia dalam bent uk pengem balian dana pr ogr am dan pengur angan iur an m asa depan k e pr ogr am . The r et ir em ent benefit obligat ion r ecognized in t he consolidat ed st at em ent s of financial posit ion r epr esent s t he act ual deficit or sur plus in t he Gr oup’s defined benefit plans. Any sur plus r esult ing fr om t his calculat ion is lim it ed t o t he pr esent v alue of any econom ic benefit s av ailable in t he for m of r efunds fr om t he plans or r educt ions in fut ur e cont r ibut ions t o t he plans. Gr up m engak ui hak ny a dalam penggant ian ber dasar k an polis asur ansi sebagai aset t er pisah, y ang diuk ur sebesar nilai w aj ar ny a. Dalam lapor an laba r ugi dan penghasilan k om pr ehensif lain k onsolidasian, beban t er k ait dengan pr ogr am im balan past i dapat disaj ik an secar a net o set elah dik ur angk an dengan j um lah y ang diak ui dalam penggant ian. The Gr oup r ecognizes it s r ight t o r eim bur sem ent under t he insur ance policy as a separ at e asset s, w hich is m easur ed at fair v alue. I n t he consolidat ed st at em ent s of pr ofit or loss and ot her com pr ehensiv e incom e, t he ex pense r elat ing t o a defined benefit plan is pr esent ed net of t he am ount r ecognized for a r eim bur sem ent .