CAP Consolidated Financial Report FY2016

Halam an/ Page

SURAT PERN YATAAN D I REKSI D I RECTORS’ STATEM EN T LETTER

LAPORAN AUD I TOR I N D EPEN D EN I N D EPEN D EN T AUD I TORS’ REPORT

LAPORAN KEUAN GAN KON SOLI D ASI AN – Unt uk t ahun- t ahun y ang ber ak hir 31 Desem ber 2016 dan 2015

CON SOLI D ATED FI N AN CI AL STATEM EN TS – For t he y ear s ended Decem ber 31, 2016 and 2015

Lapor an Posisi Keuangan Konsolidasian 1 Consolidat ed St at em ent s of Financial Posit ion

Laporan Laba Rugi dan Penghasilan Komprehensif

Lain Konsolidasian 3

Consolidat ed St at em ent s of Pr ofit or Loss and Ot her Com pr ehensiv e I ncom e

Lapor an Per ubahan Ek uit as Konsolidasian 4 Consolidat ed St at em ent s of Changes in Equit y

Lapor an Ar us Kas Konsolidasian 5 Consolidat ed St at em ent s of Cash Flow s

Cat at an At as Lapor an Keuangan Konsolidasian 6 Not es t o Consolidat ed Financial St at em ent s

I N FORM ASI TAM BAH AN SUPPLEM EN TARY I N FORM ATI ON

Daft ar I : Lapor an Posisi Keuangan Ent it as I nduk

81 Schedule I : Par ent Ent it y ’ s St at em ent s of Financial Posit ion

Daft ar I I : Lapor an Laba Rugi dan Penghasilan Kom pr ehensif Lain Ent it as I nduk

83 Schedule I I : Par ent Ent it y ’ s St at em ent s of Pr ofit or Loss and Ot her Com pr ehensiv e I ncom e Daft ar I I I : Lapor an Per ubahan Ek uit as Ent it as

I nduk

84 Schedule I I I : Par ent Ent it y ’ s St at em ent s of Changes in Equit y

Daft ar I V : Lapor an Ar us Kas Ent it as I nduk 85 Schedule I V : Par ent Ent it y ’ s St at em ent s of Cash Flow s

Daft ar V : I nv est asi Ent it as I nduk Dalam Ent it as Anak dan Ent it as Asosiasi

86 Schedule V : Par ent Ent it y ’ s I nv est m ent in Subsidiar ies and Associat e

31 Desem ber / 31 Desem ber /

Cat at an/ Decem ber 31, Decem ber 31,

Not es 2016 2015

US$ '000 US$ '000

ASET ASSETS

ASET LAN CAR CURREN T ASSETS

Kas dan set ar a kas 5 298.763 96.835 Cash and cash equivalent s

Rekening bank yang dibat asi

penggunaannya 11 10.398 12.764 Rest r ict ed cash in banks

Piut ang usaha 6 Tr ade account s r eceivable

Pihak ber elasi 31 1.663 - Relat ed par t y

Pihak ket iga - set elah dikur angi Thir d par t ies - net of allow ance

cadangan ker ugian penur unan for im pair m ent losses of

nilai sebesar US$ 118 r ibu pada US$ 118 t housand at Decem ber 31,

31 Desem ber 2016 dan 2015 135.685 46.496 2016 and 2015

Piut ang lain- lain 3.141 3.783 Ot her account s r eceivable

Per sediaan - set elah dikur angi

cadangan penur unan nilai sebesar I nvent or ies - net of allow ance for decline

US$ 5.198 r ibu pada 31 Desem ber 2016 in value of US$ 5,198 t housand at

dan 2015 7 199.508 178.400 Decem ber 31, 2016 and 2015

Paj ak dibayar dim uka 8 23.676 66.302 Pr epaid t axes

Uang m uka dan biaya dibayar dim uka 19.692 12.054 Advances and pr epaid expenses

Jum lah Aset Lancar 692.526 416.634 Tot al Cur r ent Asset s

ASET TI D AK LAN CAR N ON CURREN T ASSETS

Aset paj ak t angguhan 28 3.504 5.813 Defer r ed t ax asset s

I nvest asi pada ent it as asosiasi 9 32.156 38.017 I nvest m ent in an associat e

Advances for pur chase of pr oper t y,

Uang m uka pem belian aset t et ap 3.101 13.278 plant and equipm ent

Aset keuangan der ivat if 1.500 659 Der ivat ive financial asset s

Tagihan r est it usi paj ak 10 64.235 64.550 Claim s for t ax r efund

Rekening bank yang dibat asi penggunaannya 11 12.953 12.953 Rest r ict ed cash in banks

Aset t et ap - set elah dikur angi akum ulasi Pr oper t y, plant and equipm ent - net

penyusut an sebesar accum ulat ed depr eciat ion of

US$ 1.208.820 r ibu US$ 1,208,820 t housand

pada 31 Desem ber 2016 dan at Decem ber 31, 2016 and

US$ 1.226.401 r ibu US$ 1,226,401 t housand

pada 31 Desem ber 2015 12 1.316.744 1.308.048 at Decem ber 31, 2015

Aset t idak lancar lainnya 2.550 2.434 Ot her noncur r ent asset s

Jum lah Aset Tidak Lancar 1.436.743 1.445.752 Tot al Noncur r ent Asset s

JUM LAH ASET 2.129.269 1.862.386 TOTAL ASSETS

Lihat cat at an at as lapor an keuangan konsolidasian See accom panying not es t o consolidat ed

yang m er upakan bagian yang t idak t er pisahkan financial st at em ent s w hich ar e an int egr al par t

31 Desem ber / 31 Desem ber /

Cat at an/ Decem ber 31, Decem ber 31,

Not es 2016 2015

US$ '000 US$ '000

LI ABI LI TAS D AN EKUI TAS LI ABI LI TI ES AN D EQUI TY

LI ABI LI TAS JAN GKA PEN D EK CURREN T LI ABI LI TI ES

Ut ang bank 13 - 50.800 Bank loans

Ut ang usaha 14 Tr ade account s payable

Pihak ber elasi 31 25.293 87.869 Relat ed par t y

Pihak ket iga 318.812 139.955 Thir d par t ies

Ut ang lain- lain 157 15.931 Ot her account s payable

Ut ang paj ak 15 34.036 1.839 Taxes payable

Biaya yang m asih har us dibayar 3.880 6.089 Accr ued expenses

Uang m uka pelanggan 8.631 4.800 Cust om er advances

Ut ang bank yang j at uh t em po dalam

sat u t ahun 16 63.113 70.470 Cur r ent m at ur it ies of bank loans

Jum lah Liabilit as Jangka Pendek 453.922 377.753 Tot al Cur r ent Liabilit ies

LI ABI LI TAS JAN GKA PAN JAN G N ON CURREN T LI ABI LI TI ES

Liabilit as paj ak t angguhan - ber sih 28 141.467 146.098 Defer r ed t ax liabilit ies - net

Liabilit as j angka panj ang - set elah

dikur angi bagian yang j at uh t em po Long- t er m liabilit ies - net of cur r ent

dalam sat u t ahun: m at ur it ies:

Ut ang bank 16 325.276 426.459 Bank loans

Ut ang obligasi 17 36.594 - Bonds payable

Liabilit as keuangan der ivat if 40 677 Der ivat ive financial liabilit ies

Liabilit as im balan pasca ker j a 18 28.139 22.426 Post - em ploym ent benefit s obligat ion

Est im asi biaya pem bongkar an aset t et ap 2.163 2.127 Decom m issioning cost

Jum lah Liabilit as Jangka Panj ang 533.679 597.787 Tot al Noncur r ent Liabilit ies

JUM LAH LI ABI LI TAS 987.601 975.540 TOTAL LI ABI LI TI ES

EKUI TAS EQUI TY

Ek u it a s y a n g dia t r ibu sik a n k e pa da Equ it y a t t r ibu t a ble t o ow n e r s of

pe m ilik En t it a s I n du k t h e Com pa n y

Modal saham - nilai nom inal Rp 1.000 Capit al st ock - Rp 1,000 par value

per saham per shar e

Modal dasar - 12.264.785.664 saham Aut hor ized - 12,264,785,664 shar es

Modal dit em pat kan dan diset or penuh - I ssued and fully paid

-3.286.962.558 saham 19 359.989 359.989 3,286,962,558 shar es

Tam bahan m odal diset or 20 108.675 108.675 Addit ional paid- in capit al

Penghasilan kom pr ehensif lain 21 ( 2.771) ( 1.083) Ot her com pr ehensive incom e

Saldo laba sej ak kuasi- r eor ganisasi Ret ained ear nings since

quasi-pada t anggal 31 Desem ber 2006 r eor ganizat ion on Decem ber 31, 2006

Dit ent ukan penggunaannya 7.039 5.639 Appr opr iat ed

Tidak dit ent ukan penggunaannya 662.066 406.884 Unappr opr iat ed

Ju m la h e k u it a s y a n g dia t r ibu sik a n Tot a l e qu it y a t t r ibu t a ble t o ow n e r s of k e pa da pe m ilik e n t it a s in du k 1.134.998 880.104 t h e Com pa n y

Ke pe n t in ga n n on pe n ge n da li 22 6.670 6.742 N on - con t r ollin g in t e r e st s

JUM LAH EKUI TAS 1.141.668 886.846 TOTAL EQUI TY

JUM LAH LI ABI LI TAS D AN EKUI TAS 2.129.269 1.862.386 TOTAL LI ABI LI TI ES AN D EQUI TY

Lihat cat at an at as lapor an keuangan konsolidasian See accom panying not es t o consolidat ed

yang m er upakan bagian yang t idak t er pisahkan financial st at em ent s w hich ar e an int egr al par t

3 1 D ESEM BER 2 0 1 6 D AN 2 0 1 5 D ECEM BER 3 1 , 2 0 1 6 AN D 2 0 1 5

Cat at an/

2016 Not es 2015

US$ '000 US$ '000

PEN D APATAN BERSI H 1.930.336 23, 31 1.377.573 N ET REV EN UES

BEBAN POKOK PEN D APATAN 1.436.018 24, 31 1.231.844 COST OF REV EN UES

LABA KOTOR 494.318 145.729 GROSS PROFI T

Beban penj ualan ( 42.624) 25 ( 41.675) Selling expenses

Beban um um dan adm inist r asi ( 27.904) 26 ( 24.832) Gener al and adm inist r at ive expenses

Beban keuangan ( 31.887) 27 ( 22.537) Finance cost s

Keunt ungan ( ker ugian) at as inst r um en

keuangan der ivat if 606 27 ( 1.524) Gain ( loss) on der ivat ive financial inst r um ent s

Bagian r ugi ber sih ent it as asosiasi ( 5.861) 9 ( 3.720) Shar e in net loss of an associat e

Ker ugian kur s m at a uang asing - ber sih ( 1.320) ( 11.505) Loss on for eign exchange - net

Keunt ungan dan ker ugian lain- lain - ber sih 15.225 15.963 Ot her gains and losses - net

LABA SEBELUM PAJAK 400.553 55.899 PROFI T BEFORE TAX

M AN FAAT ( BEBAN ) PAJAK PEN GH ASI LAN 28 I N COM E TAX BEN EFI T ( EX PEN SE)

Paj ak kini ( 102.166) ( 21.132) Cur r ent t ax

Paj ak t angguhan 1.738 ( 8.511) Defer r ed t ax

Beban Paj ak Penghasilan - Ber sih ( 100.428) ( 29.643) I ncom e Tax Expense - Net

LABA BERSI H TAH UN BERJALAN 300.125 26.256 N ET PROFI T FOR TH E YEAR

PEN GH ASI LAN KOM PREH EN SI F LAI N OTH ER COM PREH EN SI V E I N COM E

Pos yang t idak akan dir eklasifikasi I t em t hat w ill not be r eclassified

ke laba r ugi: subsequent ly t o pr ofit or loss:

Pengukur an kem bali at as pr ogr am Rem easur em ent of defined

im balan past i ( 1.748) 295 benefit s obligat ion

Pos yang akan dir eklasifikasi I t em t hat m ay be r eclassified

ke laba r ugi: subsequent ly t o pr ofit or loss:

Selisih kur s kar ena penj abar an lapor an For eign cur r ency t r anslat ion

keuangan 123 ( 623) adj ust m ent

Jum lah penghasilan kom pr ehensif lain Tot al ot her com pr ehensive incom e for

t ahun ber j alan, set elah paj ak ( 1.625) ( 328) t he year , net of t ax

JUM LAH LABA KOM PREH EN SI F TOTAL COM PREH EN SI V E I N COM E

TAH UN BERJALAN 298.500 25.928 FOR TH E YEAR

LABA BERSI H TAH UN BERJALAN N ET PROFI T FOR TH E YEAR

YAN G D I ATRI BUSI KAN KEPAD A: ATTRI BUTABLE TO:

Pem ilik Ent it as I nduk 300.016 26.337 Ow ner s of t he Com pany

Kepent ingan nonpengendali 109 22 ( 81) Non- cont r olling int er est s

La ba be r sih t a h u n be r j a la n 300.125 26.256 N e t pr ofit for t h e y e a r

JUM LAH LABA KOM PREH EN SI F TAH UN TOTAL COM PREH EN SI V E I N COM E

BERJALAN D I ATRI BUSI KAN KEPAD A: FOR TH E YEAR ATTRI BUTABLE TO:

Pem ilik Ent it as I nduk 298.328 26.316 Ow ner s of t he Com pany

Kepent ingan nonpengendali 172 ( 388) Non- cont r olling int er est s

Ju m la h La ba Kom pr e h e n sif Tot a l Com pr e h e n siv e I n com e

Ta h u n Be r j a la n 298.500 25.928 for t h e Ye a r

LABA PER SAH AM D ASAR BASI C EARN I N GS PER SH ARE

( Dalam Dolar Am er ika Ser ikat penuh) 0,0913 29 0,0080 ( I n full U.S. Dollar am ount )

Lihat cat at an at as lapor an keuangan konsolidasian See accom panying not es t o consolidat ed

yang m er upakan bagian yang t idak t er pisahkan financial st at em ent s w hich ar e an int egr al par t

Selisih kur s Jum lah ekuit as

Modal kar ena yang diat r ibusikan

dit em pat kan Tam bahan Pengukur an kem bali penj abar an kepada pem ilik

dan m odal at as pr ogr am lapor an ent it as induk/

diset or penuh/ diset or / im balan past i/ keuangan/ Tot al equit y Kepent ingan

I ssued and Addit ional Rem easur em ent of For eign cur r ency Dit ent ukan Tidak dit ent ukan at t r ibut able nonpengendali/ Jum lah Cat at an/ fully paid paid- in defined benefit s t r anslat ion penggunaannya/ penggunaannya/ t o ow ner s of Non- cont r olling ekuit as/ Not es capit al st ock capit al obligat ion adj ust m ent Appr opr iat ed Unappr opr iat ed t he Com pany int er est s Tot al equit y

US$ '000 US$ '000 US$ '000 US$ '000 US$ '000 US$ '000 US$ '000 US$ '000 US$ '000

Saldo per 1 Januar i 2015 359.989 108.675 391 ( 1.453) 4.739 385.947 858.288 7.574 865.862 Balance as of Januar y 1, 2015

Laba ber sih t ahun ber j alan - - - 26.337 26.337 ( 81) 26.256 Net pr ofit for t he year

Penghasilan kom pr ehensif lain: Ot her com pr ehensive incom e:

Pengukur an kem bali at as Rem easur em ent of defined benefit s

pr ogr am im balan past i - - 295 - - - 295 - 295 obligat ion

Selisih kur s kar ena penj abar an For eign cur r ency t r anslat ion

lapor an keuangan - - - ( 316) - - ( 316) ( 307) ( 623) adj ust m ent

Jum lah laba kom pr ehensif - - 295 ( 316) - 26.337 26.316 ( 388) 25.928 Tot al com pr ehensive incom e

Cadangan um um 19 - - - - 900 ( 900) - - - Gener al r eser ve

Dividen t unai 19 - - - ( 4.500) ( 4.500) - ( 4.500) Cash dividends

Pem bagian dividen ent it as anak Dividends dist r ibut ed by subsidiar y

kepada kepent ingan nonpengendali - - - ( 444) ( 444) t o non- cont r olling int er est

Saldo per 31 Desem ber 2015 359.989 108.675 686 ( 1.769) 5.639 406.884 880.104 6.742 886.846 Balances as of Decem ber 31, 2015

Laba ber sih t ahun ber j alan - - - 300.016 300.016 109 300.125 Net pr ofit for t he year

Penghasilan kom pr ehensif lain: Ot her com pr ehensive incom e:

Pengukur an kem bali at as Rem easur em ent of defined benefit s

pr ogr am im balan past i - - ( 1.750) - - - ( 1.750) 2 ( 1.748) obligat ion

Selisih kur s kar ena penj abar an For eign cur r ency t r anslat ion

lapor an keuangan - - - 62 - - 62 61 123 adj ust m ent

Jum lah laba kom pr ehensif - - ( 1.750) 62 - 300.016 298.328 172 298.500 Tot al com pr ehensive incom e

Cadangan um um 19 - - - - 1.400 ( 1.400) - - - Gener al r eser ve

Dividen t unai 19 - - - ( 43.434) ( 43.434) - ( 43.434) Cash dividends

Pem bagian dividen ent it as anak Dividends dist r ibut ed by subsidiar y

kepada kepent ingan nonpengendali - - - ( 244) ( 244) t o non- cont r olling int er est

Saldo per 31 Desem ber 2016 359.989 108.675 ( 1.064) ( 1.707) 7.039 662.066 1.134.998 6.670 1.141.668 Balances as of Decem ber 31, 2016

Lihat cat at an at as lapor an keuangan konsolidasian See accom panying not es t o consolidat ed

yang m er upakan bagian yang t idak t er pisahkan financial st at em ent s w hich ar e an int egr al par t

dar i lapor an keuangan konsolidasian. of t he consolidat ed financial st at em ent s.

Ret ained ear nings Saldo Laba/ Penghasilan kom pr ehensif lain/

2016 2015

US$ '000 US$ '000

ARUS KAS D ARI AKTI V I TAS OPERASI CASH FLOW S FROM OPERATI N G ACTI V I TI ES

Pener im aan kas dar i pelanggan 1.843.295 1.435.887 Cash r eceipt s fr om cust om er s

Pem bayar an kas kepada: Cash paid t o:

Pem asok ( 1.300.404) ( 1.301.429) Supplier s

Dir eksi dan kar yaw an ( 51.997) ( 47.267) Dir ect or s and em ployees

Kas dihasilkan dar i oper asi 490.894 87.191 Cash gener at ed fr om oper at ions

Pener im aan dar i r est it usi paj ak 54.192 44.854 Tax r est it ut ion r eceived

Pem bayar an paj ak penghasilan ( 69.193) ( 27.331) Paym ent of incom e t axes

Kas Ber sih Diper oleh dar i Akt ivit as Oper asi 475.893 104.714 Net Cash Pr ovided by Oper at ing Act ivit ies

ARUS KAS D ARI AKTI V I TAS I N V ESTASI CASH FLOW S FROM I N V ESTI N G ACTI V I TI ES

Per olehan aset t et ap ( 65.439) ( 205.149) Acquisit ions of pr oper t y, plant and equipm ent

Penam bahan invest asi pada ent it as asosiasi - ( 40.500) Addit ion on invest m ent in an associat e

Pem bayar an beban bunga yang dikapit alisasi Paym ent of int er est expenses capit alized

ke aset t et ap ( 4.830) ( 14.821) t o pr oper t y, plant and equipm ent

Paym ent of advance for pur chase of pr oper t y, plant

Pem bayar an uang m uka pem belian aset t et ap ( 3.101) ( 3.837) and equipm ent

Penar ikan ( penem pat an) pada r ekening bank

yang dibat asi penggunaannya 2.366 ( 372) Wit hdr aw al ( placem ent ) of r est r ict ed cash in banks

Pener im aan dar i penj ualan aset t idak Pr oceeds fr om sale of noncur r ent asset s

lancar yang t er sedia unt uk dij ual - 25.789 held for sale

Pener im aan bunga 1.906 810 I nt er est r eceived

Pener im aan dar i penj ualan aset t et ap 116 34 Pr oceeds fr om sale of pr oper t y, plant and equipm ent

Kas Ber sih Digunakan unt uk Akt ivit as I nvest asi ( 68.982) ( 238.046) Net Cash Used in I nvest ing Act ivit ies

ARUS KAS D ARI AKTI V I TAS PEN D AN AAN CASH FLOW S FROM FI N AN CI N G ACTI V I TI ES

Pener im aan ut ang bank j angka pendek 220.135 238.800 Pr oceeds fr om shor t - t er m bank loans

Pener im aan ut ang bank j angka panj ang 199.800 160.864 Pr oceeds fr om long- t er m bank loans

Pener im aan ut ang obligasi 37.510 - Pr oceeds fr om bonds payable

Pem bayar an ut ang bank j angka panj ang ( 309.600) ( 152.357) Paym ent of long- t er m bank loans

Pem bayar an ut ang bank j angka pendek ( 270.935) ( 188.000) Paym ent of shor t - t er m bank loans

Pem bayar an bunga dan beban keuangan ( 27.873) ( 25.157) I nt er est and financial char ges paid

Pem bayar an ut ang pem belian aset t et ap ( 6.879) ( 4.330) Paym ent of payable for pr oper t y, plant and equipm ent

Pem bayar an biaya per olehan pinj am an ( 3.463) ( 2.594) Paym ent of t r ansact ion cost s

Pem bayar an dividen: Dividend paym ent :

Per usahaan ( 43.434) ( 4.500) The Com pany

Ent it as anak ( 244) ( 444) Subsidiar y

Pem bayar an liabilit as sew a pem biayaan - ( 54) Paym ent of finance lease obligat ion

Kas Ber sih Diper oleh dar i ( Digunakan unt uk) Net Cash Pr ovided by ( Used in)

Akt ivit as Pendanaan ( 204.983) 22.228 Financing Act ivit ies

KEN AI KAN ( PEN URUN AN ) BERSI H KAS N ET I N CREASE ( D ECREASE) I N CASH

D AN SETARA KAS 201.928 ( 111.104) AN D CASH EQUI V ALEN TS

CASH AN D CASH EQUI V ALEN TS AT

KAS D AN SETARA KAS AW AL TAH UN 96.835 207.939 BEGI N N I N G OF YEAR

CASH AN D CASH EQUI V ALEN TS AT

KAS D AN SETARA KAS AKH I R TAH UN 298.763 96.835 EN D OF YEAR

I nfor m asi at as akt ivit as invest asi dan pendanaan yang t idak I nfor m at ion of non- cash invest ing and financing

m em pengar uhi ar us kas diungkapkan dalam Cat at an 30 act ivit ies ar e disclosed in Not e 30

Lihat cat at an at as lapor an keuangan konsolidasian See accom panying not es t o consolidat ed

yang m er upakan bagian yang t idak t er pisahkan financial st at em ent s w hich ar e an int egr al par t

YANG BERAKHI R PADA TANGGAL TERSEBUT THEN ENDED

1 . UM UM 1 . GEN ERAL

a . Pe n dir ia n da n I n for m a si Um u m a . Est a blish m e n t a n d Ge n e r a l I n for m a t ion PT. Chandr a Asr i Pet r ochem ical Tbk

( Per usahaan) didir ik an dalam r angk a Undang- Undang Penanam an Modal Dalam Neger i No. 6 Tahun 1968 dan Undang-Undang No. 12 Tahun 1970 ber dasar k an Ak t a No. 40 t anggal 2 Nopem ber 1984, dar i Ridw an Suselo, S.H., Not ar is di Jak ar t a, y ang diubah dengan Ak t a No. 117 t anggal 7 Nopem ber 1987 dar i John Leonar d Waw or unt u, S.H., Not ar is di Jak ar t a dengan nam a PT. Tr i Poly t a I ndonesia. Ak t a t er sebut t elah disahk an oleh Ment er i Kehak im an m elalui Sur at Keput usan No. C2.1786.HT.01.01 - TH.88, t anggal 29 Pebr uar i 1988.

PT. Chandr a Asr i Pet r ochem ical Tbk ( t he Com pany ) w as est ablished under t he Dom est ic Capit al I nv est m ent Law No. 6 Year 1968 and Law No. 12 Year 1970, by Not ar ial Deed No. 40, dat ed Nov em ber 2, 1984 of Ridw an Suselo, S.H., Not ar y Public in Jak ar t a, am ended by Not ar ial Deed No. 117 dat ed Nov em ber 7, 1987 of John Leonar d Waw or unt u, S.H., Not ar y Public in Jak ar t a under t he nam e of PT. Tr i Poly t a I ndonesia. These deeds w er e appr ov ed by t he Minist er of Just ice under Decision Let t er No. C2.1786.HT.01.01-TH.88, dated February 29, 1988.

Ber dasar k an Rapat Um um Pem egang Saham Luar Biasa Per usahaan, y ang diak t ak an dalam Ak t a Not ar is No. 20 t anggal 27 Ok t ober 2010 dar i Dr . Am r ul Par t om uan Pohan, S.H., L.L.M., Not ar is di Jak ar t a, par a pem egang saham Per usahaan m eny et uj ui ant ar a lain t r ansak si penggabungan usaha Per usahaan dengan PT. Chandr a Asr i ( CA) dan m er ubah nam a Per usahaan m enj adi PT. Chandr a Asr i Pet r ochem ical Tbk .

Based on t he Ex t r aor dinar y Gener al Meet ing of Shar eholder s of t he Com pany , as st at ed in Not ar ial Deed No. 20 of Dr . Am r ul Par t om uan Pohan, S.H., L.L.M., dat ed Oct ober 27, 2010, Not ar y Public in Jak ar t a, t he Com pany ’s shar eholder s appr ov ed, am ong ot her s, t he m er ger t r ansact ion bet w een t he Com pany and PT. Chandr a Asr i ( CA) and t he change of t he Com pany ’s nam e t o PT. Chandr a Asr i Pet r ochem ical Tbk .

Penggabungan usaha t er sebut t elah m endapat per ny at aan efek t if dar i Bapepam -LK pada t anggal 21 Ok t ober 2010. Tanggal efek t if penggabungan usaha adalah 1 Januar i 2011.

Not ice of effect iv it y for t his m er ger w as obt ained fr om t he Capit al Mar k et and Financial I nst it ut ion Super v isor y Boar d ( Bapepam - LK) on Oct ober 21, 2010. The effective date of the m erger is January 1, 2011. Anggar an Dasar Per usahaan t elah

m engalam i beber apa k ali per ubahan dan t er ak hir m elalui ak t a No. 1 4 t anggal 6 Juni 2016 dar i Fat hiah Helm i, S.H., Not ar is di Jak ar t a, m engenai per ubahan k om posisi anggot a dew an dir ek si Per usahaan. Per ubahan t er sebut t elah diber it ahuk an k epada Ment er i Huk um dan Hak Asasi Manusia, sebagaim ana diny at ak an dalam sur at Pener im aan Pem ber it ahuan Per ubahan Anggar an Dasar No.AHU- 0071712.AH.01.11. Tahun 2016, t anggal 10 Juni 2016.

The Ar t icles of Associat ion has been am ended sev er al t im es, m ost r ecent ly by Not ar ial Deed No. 14 of Fat hiah Helm i, S.H., Not ar y Public in Jak ar t a, dat ed June 6, 2016 , w it h r egar ds t o t he change in com posit ion of t he Com pany ’s boar d of dir ect or s. The change has been not ified t o t he Minist er of Just ice and Hum an Right s as st at ed in accept ance let t er of Not ificat ion of Changes in Ar t icles of Associat ion No. AHU- 0071712.AH- 01.11. Year 2016, dat ed June 10, 2016.

Per usahaan ber dom isili di Jak ar t a dengan pabr ik ber lok asi di Desa Gunung Sugih, Kecam at an Ciw andan, Kody a Cilegon, Bant en. Kant or pusat Per usahaan ber alam at di Wism a Bar it o Pacific Tow er A, Lant ai 7, Jl. Let . Jend. S. Par m an Kav . 62 - 63, Jak ar t a.

The Com pany is dom iciled in Jak ar t a and it s m anufact ur ing plant s ar e locat ed in Desa Gunung Sugih, Kecam at an Ciw andan, Kody a Cilegon, Bant en. The Com pany ’s head office is locat ed in Wism a Bar it o Pacific Tow er A, 7t h Floor , Jl. Let . Jend. S. Par m an Kav . 62 - 63, Jak ar t a.

Sesuai dengan Pasal 3 Anggar an Dasar Per usahaan, Per usahaan ber ger ak dalam bidang usaha indust r i pet r ok im ia, per dagangan, angk ut an dan j asa. Per usahaan m ulai ber oper asi secar a k om er sial pada t ahun 1993.

I n accor dance w it h ar t icle 3 of t he Com pany ’s ar t icles of associat ion, t he scope of it s act iv it ies is m ainly t o engage in pet r ochem ical, t r ading, fr eight and ser v ice indust r ies. The Com pany st ar t ed it s com m er cial oper at ions in 1993.

Jum lah k ar y aw an Per usahaan dan ent it as anak ( Gr up) sebany ak 1.769 dan 1.793 k ar y aw an m asing- m asing pada t anggal 31 Desem ber 2016 dan 2015.

The Com pany and it s subsidiar ies ( t he Gr oup) had t ot al num ber of em ploy ees of 1,769 and 1,793 at Decem ber 31 , 2016 and 2015, r espect iv ely .

Per usahaan t er gabung dalam k elom pok usaha Bar it o Pacific. Susunan pengur us Per usahaan pada t anggal 31 Desem ber 2016 dan 2015 adalah sebagai ber ik ut :

The Com pany belongs t o a gr oup of com panies ow ned by Bar it o Pacific. The Com pany ’s m anagem ent as of Decem ber 31, 2016 and 2015 consist s of t he follow ing:

31 Desem ber/ 31 Desem ber/

Decem ber 31, 2016 Decem ber 31, 2015

Dew an Kom isaris Board of Com m issioners

Presiden Kom isaris * ) Dj oko Suyant o Dj oko Suyant o President Com m issioner * )

Wakil Presiden Kom isaris * ) Tan Ek Kia Tan Ek Kia Vice President Com m issioner * )

Kom isaris * ) Ho Hon Cheong Ho Hon Cheong Com m issioner * )

Kom isaris Loeki Sundj aj a Put ra Loeki Sundj aj a Put ra Com m issioners

Agus Salim Pangest u Agus Salim Pangest u

Chaovalit Ekabut Chaovalit Ekabut

Cholanat Yanaranop Cholanat Yanaranop

Direksi Board of Direct ors

Presiden Direkt ur Erw in Ciput ra Erw in Ciput ra President Direct or

Wakil Presiden Direkt ur Kulachet Dharachandra Param at e Nisagornsen Vice President Direct ors

Barit ono Praj ogo Pangest u Barit ono Praj ogo Pangest u

Direkt ur Terry Lim Chong Thian Terry Lim Chong Thian Direct ors

Piboon Sirinant anakul Paisan Lekskulchai

Fransiskus Ruly Aryaw an Fransiskus Ruly Aryaw an

Suryandi * * ) Suryandi * * )

Kom it e Audit Audit Com m it t ee

Ket ua Dj oko Suyant o Dj oko Suyant o Chairm an

Anggot a Reynold M Bat ubara Reynold M Bat ubara Mem bers

Ahm adi Hadibrot o Ahm adi Hadibrot o

Kom it e Rem unerasi Rem unerat ion Com m it t ee

Ket ua Ho Hon Cheong Ho Hon Cheong Chairm an

Anggot a Agus Salim Pangest u Agus Salim Pangest u Mem bers

Tan Ek Kia Tan Ek Kia

Cholanat Yanaranop Cholanat Yanaranop

Erw in Ciput ra

* ) m er angk ap k om isar is independen * * ) m er angk ap dir ek t ur independen

* ) also ser v es as independent com m issioner * * ) also ser v es as independent dir ect or b. Pe n a w a r a n Um u m Sa h a m Pe r u sa h a a n b. Th e Com pa n y ’ s Pu blic Offe r in g

Per usahaan m em per oleh per ny at aan efek t if dar i Ket ua Bapepam ( sek ar ang Ot or it as Jasa Keuangan/ OJK) dengan sur at No. S- 977/ PM/ 1996 t anggal 14 Juni 1996 sebagai per usahaan publik . Per usahaan m elak uk an pencat at an pada Bur sa Efek Jak ar t a ( sek ar ang Bur sa Efek I ndonesia) at as selur uh saham ny a, y ang t elah dit em pat k an dan diset or penuh, sej um lah 257.500.000 saham dengan nilai nom inal Rp 1.000 per saham . Per dagangan saham di Bur sa Efek Jak ar t a ( sek ar ang Bur sa Efek I ndonesia) ini dihent ik an m ulai t anggal 3 Pebr uar i 2003. Pada t anggal 22 Mei 2008 Per usahaan m elak uk an pencat at an k em bali ( r elist ing) at as selur uh saham ny a y ang t elah dit em pat k an dan diset or penuh sej um lah 728.401.000 saham dengan nilai nom inal Rp 1.000 per saham di Bur sa Efek I ndonesia.

By v ir t ue of Bapepam ( cur r ent ly Financial Ser v ices Aut hor it y / OJK) let t er No. S- 977/ PM/ 1996 dat ed June 14, 1996, t he Com pany ’s r egist r at ion st at em ent as a public com pany w as declar ed effect iv e. The Com pany list ed it s ent ir e capit al st ock issued and fully paid com pr ising 25 7,500,000 shar es w it h nom inal v alue of Rp 1,000 per shar e on Jak ar t a St ock Ex change ( cur r ent ly I ndonesia St ock Ex change) . Tr ading of t he Com pany ’s shar es on Jak ar t a St ock Ex change ( cur r ent ly I ndonesia St ock Ex change) w as delist ed on Febr uar y 3, 2003. On May 22, 2008, t he Com pany r elist ed it s ent ir e issued and fully paid capit al st ock com pr ising 728,401,000 shar es, w it h nom inal v alue of Rp 1,000 in I ndonesia St ock Ex change.

YANG BERAKHI R PADA TANGGAL TERSEBUT (Lanjutan) THEN ENDED (Continued) Efek t if pada t anggal 1 Januar i 2011, j um lah

saham Per usahaan y ang t er cat at pada

Bur sa Efek I ndonesia sebesar

3.066.196.416 saham . Per ubahan ini disebabk an oleh m asuk ny a pem egang

saham CA k e dalam Per usahaan

( Cat at an 1a) .

Effect iv e Januar y 1, 2011, t he Com pany ’s list ed capit al st ock r ecor ded in I ndonesia St ock Ex change consist s of 3,066,196,416 shar es. This change w as caused by t he inclusion of CA’s shar eholder s int o t he Com pany ’s ( Not e 1a) .

Pada t anggal 31 Ok t ober 2013, Per usahaan m em per oleh per ny at aan efek t if dar i OJK berdasarkan surat No. S-346/ D.04/ 2013 unt uk m engadak an Penaw ar an Um um Ter bat as I ( PUT I ) dengan Hak Mem esan Efek Ter lebih Dahulu dim ana Per usahaan m ener bit k an sebany ak 220.766.142 saham . Jum lah saham y ang dicat at pada Bur sa Efek I ndonesia pada t anggal 22, 26 dan 29 Nopem ber 2013 m asing- m asing

sebany ak 66.488.061, 1.680 dan

154.276.401 saham .

On Oct ober 31, 2013, t he Com pany obt ained not ice of effect iv it y fr om OJK based on Let t er No. S- 346/ D.04/ 2013 for t he Lim it ed Public Offer ing I ( LPO I ) t o t he Shar eholder s w it h Pr eem pt iv e Right s t ot aling 220,766,142 shar es. The num ber of shar es r ecor ded in I ndonesia St ock Ex change on Nov em b er 22, 26 and 29, 2013 w er e 66,488,061, 1,680 and 154,276,401 shar es, r espect iv ely .

Pada t anggal 31 Desem ber 2016 dan 2015, selur uh saham Per usahaan sebany ak 3.286.962.558 saham t elah t er cat at pada Bur sa Efek I ndonesia.

As of Decem ber 31 , 2016 and 2015, all of t he Com pany ’s out st anding shar es t ot alling t o 3,286,962,558 shar es hav e been list ed on t he I ndonesia St ock Ex change.

Pada t anggal 25 Juli 1994, Per usahaan m elak uk an penaw ar an um um at as Am er ican Deposit or y Shar es ( ADS) , y ang m ew ak ili saham Per usahaan. ADS t er sebut t er cat at di Nat ional Associat ion of Secur it ies Dealer Aut om at ed Quot at ion ( NASDAQ) . Pada t anggal 14 Mar et 1996, pencat at an ADS Per usahaan dipindahk an dar i NASDAQ k e New Yor k St ock Ex change ( NYSE) .

On July 25, 1994, t he Com pany m ade a public offer ing of Am er ican Deposit or y Shar es ( ADS) , r epr esent ing shar es of com m on st ock of t he Com pany . The ADS w er e list ed on t he Nat ional Associat ion of Secur it ies Dealer Aut om at ed Quot at ion ( NASDAQ) . On Mar ch 14, 1996, t he ADS’s list ing w as t r ansfer r ed fr om NASDAQ t o t he New Yor k St ock Ex change ( NYSE) .

Per dagangan saham Per usahaan di NYSE t elah dihent ik an sej ak t anggal 23 Mar et 2000.

Tr ading of t he Com pany ’s com m on st ock on t he NYSE w as delist ed effect iv e on Mar ch 23, 2000.

c. Pe n a w a r a n Um u m Obliga si Pe r u sa h a a n

c. Th e Com pa n y ’ s Bon ds Offe r in g

Pada t anggal 15 Desem ber 2016, Per usahaan m em per oleh per ny at aan efek t if

dar i OJK ber dasar k an sur at

No. 5- 752/ D.04/ 2016 unt uk m elak uk an Penaw ar an Um um Obligasi Chandr a Asr i Pet r ochem ical I Tahun 2016 dengan j um lah pok ok sebany ak - bany ak ny a sebesar Rp 500.000 j ut a.

On Decem ber 15, 2016, t he Com pany obt ained not ice of effect iv it y fr om OJK based on let t er No. 5 - 752/ D.04/ 2016 for I nit ial Public Offer ing of Fir st Chandr a Asr i Pet r ochem ical Bonds Year 2016 w it h m ax im um am ount of Rp 500,000 m illion.

Obligasi t er dir i at as Ser i A sej um lah Rp 361.400 j ut a ( set ar a dengan US$ 27.079 r ibu) y ang j at uh t em po pada 22 Desem ber 2019 dan Ser i B sej um lah Rp 138.600 j ut a ( set ar a dengan US$ 10.385 r ibu) y ang j at uh t em po pada 22 Desem ber 2021. Obligasi t er sebut diset uj ui dan dicat at pada Bur sa Efek I ndonesia pada 23 Desem ber 2016.

The Bonds com pr ise of Ser ies A am ount ing t o Rp 361,400 m illion ( equiv alent t o US$ 27,079 t housand) w it h m at ur it y dat e on Decem ber 22, 2019 and Ser ies B am ount ing t o Rp 138,600 m illion ( equiv alent t o US$ 10,385 t housand) w it h m at ur it y dat e on Decem ber 22, 2021 . The Bonds w er e fully subscr ibed and w er e list ed on

t he I ndonesia St ock Ex change on

d. En t it a s a n a k d. Con solida t e d Su bsidia r ie s Per usahaan m em ilik i, baik secar a langsung

m aupun t idak langsung, lebih dar i 50% saham ent it as anak sebagai ber ik ut :

The Com pany has ow ner ship int er est of m or e t han 50% dir ect ly or indir ect ly in t he follow ing subsidiar ies:

Tahun Operasi Jenis Kom ersil/ Usaha/ St art of

Dom isili/ Nat ure of Com m ercial

Dom icile 2016 2015 Business Operat ions 2016 2015

US$ '000 US$ '000 PT St yrindo Mono I ndonesia ( "SMI ") Jakart a 99,99% 99,99% Pet rokim ia/ 1993 278.929 266.271

Pet rochem ical

PT Redeco Pet rolin Ut am a ( "RPU") * ) Jakart a 50,75% 50,75% Sewa t anki/ 1986 9.231 9.915 Tanks lease

Alt us Capit al Pt e., Lt d. ( "AC") Singapura/ 100,00% 100,00% Keuangan/ 2009 13.062 15.934

Singapore Finance

PT Pet rokim ia But adiene Jakart a 99,98% 99,97% Pet rokim ia/ 2013 190.914 147.049

I ndonesia ( "PBI ") * * ) Pet rochem ical

PT Bant en Arom at ic I ndonesia Jakart a - 100,00% Pet rokim ia/ - -

-( "BAI ") * * * ) Pet rochem ical

Jum lah Aset / Tot al Asset s 31 Desem ber/ Decem ber 31, Subsidiaries

Ent it as Anak/

Persent ase Pem ilikan/ 31 Desem ber/ Decem ber 31,

Percent age of Ownership

* ) Kepem ilik an t idak langsung m elalui SMI , ent it as anak .

* ) I ndir ect ow ner ship t hr ough SMI , a subsidiar y .

* * ) Pada t anggal 15 Sept em ber 2016 Per usahaan m elak uk an t am bahan set or an m odal k e PBI sebesar US$ 30.000 r ibu.

* * * ) Pada t ahun 2016, ber dasar k an Ak t a No. 32 dar i Jose Dim a Sat r ia, S.H., M.Kn, Not ar is di Jak ar t a, SMI & PBI , ent it as anak , m eny et uj ui unt uk m elik uidasi BAI .

* * ) On Sept em ber 15, 2016, t he Com pany incr eased it s paid- up capit al t o PBI am ount ing t o US$ 30,000 t housand.

* * * ) I n 2016, based on Not ar ial Deed No. 32 fr om Jose Dim a Sat r ia, S.H., M.Kn, Not ar y in Jak ar t a, SMI & PBI , subsidiar ies, agr eed t o liquidat e BAI .

2 .

PEN ERAPAN STAN D AR AKUN TAN SI KEUAN GAN BARU D AN REV I SI ( PSAK) D AN I N TERPRETASI STÁN D AR AKUN TAN SI KEUAN GAN ( I SAK)

2 . AD OPTI ON OF N EW AN D REV I SED STATEM EN TS OF FI N AN CI AL ACCOUN TI N G

STAN D ARD S ( “PSAK”) AN D

I N TERPRETATI ON S OF PSAK ( “I SAK”)

a.

St a n da r y a n g be r la k u e fe k t if pa da

t a h u n be r j a la n

Dalam t ahun ber j alan, Gr up t elah m ener apk an sem ua st andar bar u dan r ev isi ser t a int er pr et asi y ang dik eluar k an oleh Dew an St andar Ak unt ansi Keuangan dar i I k at an Ak unt an I ndonesia y ang r elev an dengan oper asiny a dan efek t if unt uk per iode ak unt ansi y ang dim ulai pada t anggal 1 Januar i 2016.

a.

St a n da r ds e ffe ct iv e in t h e cu r r e n t pe r iod

I n t he cur r ent y ear , t he Gr oup adopt ed t he follow ing new and r ev ised st andar ds and int er pr et at ions issued by t he Financial Account ing St andar d Boar d of t he I ndonesian I nst it ut e of Account ant s t hat ar e r elev ant t o t heir oper at ions and effect iv e for account ing per iod beginning on Januar y 1, 2016.

• Am andem en PSAK 4: Lapor an

Keuangan Ter sendir i

• Am endm ent s t o PSAK 4, Separ at e Financial St at em ent s

• Am andem en PSAK 5 : Segm en Oper asi • Am endm ent s t o PSAK 5, Oper at ing

Segm ent s

• Am andem en PSAK 7: Pengungk apan pihak - pihak ber elasi

• Am endm ent s t o PSAK 7, Relat ed Par t y Disclosur es

• Am andem en PSAK 15: I nv est asi pada Ent it as Asosiasi dan Vent ur a Ber sam a

• Am endm ent s t o PSAK 15, I nv est m ent in Associat es and Joint Vent ur e

• Am andem en PSAK 16: Aset Tet ap • Am endm ent s t o PSAK 16, Pr oper t y , Plant and Equipm ent

• Am andem en PSAK 19: Aset

Tak ber w uj ud

• Am endm ent s t o PSAK 19, I nt angible Asset s

• Am andem en PSAK 22: Kom binasi Bisnis • Am endm ent s t o PSAK 22, Business

Com binat ion

• Am andem en PSAK 24: I m balan Ker j a • Am endm ent s t o PSAK 24, Em ploy ee

YANG BERAKHI R PADA TANGGAL TERSEBUT (Lanjutan) THEN ENDED (Continued)

• Am andem en PSAK 65: Lapor an

Keuangan Konsolidasian

• Am endm ent s t o PSAK 65, Consolidat ed Financial St at em ent s

• Am andem en PSAK 66: Pengat ur an Ber sam a

• Am endm ent s t o PSAK 66, Joint

Ar r angem ent s

• Am andem en PSAK 67: Pengungk apan Kepent ingan dalam Ent it as

• Am endm ent s t o PSAK 67, Disclosur e of I nt er est in Ot her Ent it ies

• I SAK 30: Pungut an • I SAK 30: Lev ies

b.

St a n da r da n in t e r pr e t a si t e la h dit e r bit k a n t a pi be lu m dit e r a pk a n

b.

St a n da r ds a n d in t e r pr e t a t ion s issu e d n ot y e t a dopt e d

St andar , peny esuaian dan am andem en st andar ser t a int er pr et asi ber ik ut efek t if unt uk per iode y ang dim ulai pada at au set elah 1 Januar i 2017 :

Pe n e r a pa n din i y a n g dipe r k e n a n k a n :

St andar d, st andar d im pr ov em ent s and am endm ent also int er pr et at ion effect iv e for per iods beginning on or aft er Januar y 1, 2017 :

Ea r ly a pplica t ion pe r m it t e d: • PSAK 1: Peny aj ian Lapor an Keuangan

t ent ang Pr ak ar sa Pengungk apan

• I SAK 31: I nt er pr et asi at as Ruang Lingk up PSAK 13: Pr oper t i I nv est asi

• PSAK 1: Pr esent at ion of Financial St at em ent s about Disclosur e I nit iat iv e

• I SAK 31: Scope I nt er pr et at ion of PSAK 13: I nv est m ent Pr oper t y .

St andar dan am andem en st andar ber ik ut efek t if unt uk per iode y ang dim ulai pada at au set elah t anggal 1 Januar i 2018, dengan pener apan dini diper k enank an y ait u:

St andar d and am endm ent t o st andar d effect iv e for per iods beginning on or aft er Januar y 1, 2018, w it h ear ly applicat ion per m it t ed ar e:

• PSAK 69: Agr ik ult ur

• Am andem en PSAK 16: Aset Tet ap

• PSAK 69: Agr icult ur e

• Am endm ent s t o PSAK 16,: Pr oper t y , Plant and Equipm ent

Sam pai dengan t anggal pener bit an lapor an k euangan k onsolidasian, dam pak dar i st andar , am andem en dan int er pr et asi t er sebut t er hadap lapor an k euangan k onsolidasian t idak dapat dik et ahui at au diest im asi oleh m anaj em en.

As of t he issuance dat e of t he consolidat ed financial st at em ent s, t he effect of adopt ion of t hese st andar ds, am endm ent s and int er pr et at ions on t he consolidat ed financial st at em ent s is not k now n nor r easonably est im able by m anagem ent .

3 .

KEBI JAKAN AKUN TAN SI 3 . SUM M ARY OF SI GN I FI CAN T ACCOUN TI N G

POLI CI ES

a . Pe r n y a t a a n Ke pa t u h a n

a.

St a t e m e n t of Com plia n ce Lapor an k euangan k onsolidasian Gr up

disusun sesuai dengan St andar Ak unt ansi Keuangan di I ndonesia.

The consolidat ed financial st at em ent s of t he Gr oup hav e been pr epar ed in accor dance w it h I ndonesian Financial Account ing St andar ds. These consolidat ed financial st at em ent s ar e not int ended t o pr esent t he financial posit ion, financial per for m ance and cash flow s in accor dance w it h account ing pr inciples and r epor t ing pr act ices gener ally accept ed in ot her count r ies and j ur isdict ions.

b. D a sa r Pe n y u su n a n

b.

Ba sis of Pr e pa r a t ion

Dasar peny usunan lapor an k euangan k onsolidasian adalah biay a hist or is, k ecuali inst r um en k euangan t er t ent u y ang diuk ur pada j um lah nilai w aj ar pada set iap ak hir per iode pelapor an, y ang dij elask an dalam k ebij ak an ak unt ansi di baw ah ini. Mat a uang peny aj ian y ang digunak an unt uk

peny usunan lapor an k euangan

k onsolidasian adalah m at a uang Dolar Am er ik a Ser ik at ( US$) .

The consolidat ed financial st at em ent s hav e been pr epar ed on t he hist or ical cost basis ex cept for cer t ain financial inst r um ent s t hat ar e m easur ed at fair v alues at t he end of each r epor t ing per iod, as ex plained in t he account ing policies below . The pr esent at ion cur r ency used in t he pr epar at ion of t he consolidat ed financial st at em ent s is t he Unit ed St at es Dollar ( US$) .

Biay a hist or is um um ny a didasar k an pada nilai w aj ar dar i im balan y ang diber ik an dalam per t uk ar an bar ang dan j asa.

Hist or ical cost is gener ally based on t he fair v alue of t he consider at ion giv en in ex change for goods and ser v ices.

Nilai w aj ar adalah har ga y ang ak an dit er im a unt uk m enj ual suat u aset at au har ga y ang ak an dibay ar unt uk m engalihk an suat u liabilit as dalam suat u t r ansak si t er at ur ant ar a pelak u pasar pada t anggal penguk ur an.

Fair v alue is t he pr ice t hat w ould be r eceiv ed t o sell an asset or paid t o t r ansfer a liabilit y in an or der ly t r ansact ion bet w een m ar k et par t icipant s at t he m easur em ent dat e.

Lapor an ar us k as k onsolidasian disusun dengan m enggunak an m et ode langsung dengan m engelom pok k an ar us k as dalam ak t iv it as oper asi, inv est asi dan pendanaan.

The consolidat ed st at em ent s of cash flow s ar e pr epar ed using t he dir ect m et hod w it h classificat ions of cash flow s int o oper at ing, inv est ing and financing act iv it ies.

c. D a sa r Kon solida sia n

c.

Ba sis of Con solida t ion

Lapor an k euangan k onsolidasian

m enggabungk an lapor an k euangan

Per usahaan dan ent it as y ang dik endalik an oleh Per usahaan dan ent it as anak ( t er m asuk ent it as t er st r uk t ur ) . Pengendalian t er capai dim ana Per usahaan m em ilik i k ek uasaan at as inv est ee; ek sposur at au hak at as im bal hasil v ar iabel dar i k et er libat anny a dengan inv est ee; dan

k em am puan unt uk m enggunak an

k ek uasaanny a at as inv est ee unt uk m em pengar uhi j um lah im bal hasil inv est or .

The consolidat ed financial st at em ent s incor por at e t he financial st at em ent s of t he Com pany and ent it ies ( including st r uct ur ed ent it ies) cont r olled by t he Com pany and it s subsidiar ies. Cont r ol is achiev ed w her e t he Com pany has t he pow er ov er t he inv est ee; is ex posed, or has r ight s, t o v ar iable r et ur ns fr om it s inv olv em ent w it h t he inv est ee; and has t he abilit y t o use it s pow er t o affect it s r et ur ns.

Per usahaan m enilai k em bali apak ah ent it as t er sebut adalah inv est ee j ik a fak t a dan k eadaan y ang m engindik asik an adany a per ubahan t er hadap sat u at au lebih dar i t iga elem en pengendalian y ang disebut k an di at as.

The Com pany r eassesses w het her or not it cont r ols an inv est ee if fact s and cir cum st ances indicat e t hat t her e ar e changes t o one or m or e of t he t hr ee elem ent s of cont r ol list ed abov e.

Ket ik a Per usahaan m em ilik i hak suar a k ur ang dar i m ay or it as di- inv est ee, ia m em ilik i k ek uasaan at as inv est ee k et ik a hak suar a inv est or cuk up unt uk m em ber iny a k em am puan pr ak t is unt uk m engar ahk an ak t iv it as r elev an secar a sepihak . Per usahaan m em per t im bangk an selur uh fak t a dan k eadaan y ang r elev an dalam m enilai apak ah hak suar a Per usahaan cuk up unt uk m em ber ik an Per usahaan k ek uasaan, t er m asuk ( i) uk ur an k epem ilik an hak suar a Per usahaan r elat if t er hadap uk ur an dan peny ebar an k epem ilik an pem ilik hak suar a lain; ( ii) hak suar a pot ensial y ang dim ilik i oleh Per usahaan, pem egang suar a lain at au pihak lain; ( iii) hak y ang t im bul dar i pengat ur an k ont r ak t ual lain; dan ( iv ) set iap fak t a dan k eadaan t am bahan apapun m engindik asik an bahw a Per usahaan m em ilik i, at au t idak m em ilik i, k em am puan k ini unt uk m engar ahk an ak t iv it as y ang r elev an pada saat k eput usan per lu dibuat , t er m asuk pola suar a pem ilik an dalam RUPS sebelum ny a.

When t he Com pany has less t han a m aj or it y of t he v ot ing r ight s of an inv est ee, it has pow er ov er t he inv est ee w hen t he v ot ing r ight s ar e sufficient t o giv e it t he pr act ical abilit y t o dir ect t he r elev ant act iv it ies of t he inv est ee unilat er ally . The Com pany consider s all r elev ant fact s and cir cum st ances in assessing w het her or not t he Com pany ’s v ot ing r ight s in an inv est ee ar e sufficient t o giv e it pow er , including ( i) t he size of t he Com pany ’s holding of v ot ing r ight s r elat iv e t o t he size and disper sion of holding of t he ot her v ot e holder s; ( ii) pot ent ial v ot ing r ight s held by t he Com pany , ot her v ot e holder s or ot her par t ies; ( iii) r ight s ar ising fr om ot her cont r act ual ar r angem ent s; and ( iv ) any addit ional fact s and cir cum st ances t hat indicat e t hat t he Com pany has, or does not hav e, t he cur r ent abilit y t o dir ect t he r elev ant act iv it ies at t he t im e t hat decisions need t o be m ade, including v ot ing pat t er ns at pr ev ious shar eholder s’ m eet ings.

Konsolidasi ent it as anak dim ulai k et ik a Per usahaan m em per oleh pengendalian at as ent it as anak dan ak an dihent ik an k et ik a Per usahaan k ehilangan pengendalian pada ent it as anak . Secar a k husus, pendapat an dan beban ent it as anak diak uisisi at au dij ual selam a t ahun ber j alan t er m asuk dalam lapor an laba r ugi k onsolidasian dan penghasilan k om pr ehensif lain dar i t anggal diper olehny a pengendalian Per usahaan sam pai t anggal k et ik a Per usahaan ber hent i unt uk m engendalik an ent it as anak .

Consolidat ion of a subsidiar y begins w hen t he Com pany obt ains cont r ol ov er t he subsidiar y and ceases w hen t he Com pany loses cont r ol of t he subsidiar y . Specifically , incom e and ex pense of a subsidiar y acquir ed or disposed of dur ing t he y ear ar e included in t he consolidat ed st at em ent s of pr ofit or loss and ot her com pr ehensiv e incom e fr om t he dat e t he Com pany gains cont r ol unt il t he dat e w hen t he Com pany ceases t o cont r ol t he subsidiar y .

YANG BERAKHI R PADA TANGGAL TERSEBUT (Lanjutan) THEN ENDED (Continued) Laba r ugi dan set iap k om ponen penghasilan

k om pr ehensif lain diat r ibusik an k epada pem ilik ent it as induk dan unt uk k epent ingan nonpengendali. Per usahaan j uga m engat r ibusik an t ot al laba k om pr ehensif ent it as anak k epada pem ilik

ent it as induk dan k epent ingan

nonpengendali m esk ipun hal t er sebut m engak ibat k an k epent ingan nonpengendali m em ilik i saldo defisit .

Pr ofit or loss and each com ponent of ot her com pr ehensiv e incom e ar e at t r ibut ed t o t he ow ner s of t he Com pany and t o t he non-cont r olling int er est . Tot al com pr ehensiv e incom e of subsidiar ies is at t r ibut ed t o t he ow ner s of t he Com pany and t he non-cont r olling int er est ev en if t his r esult s in t he non- cont r olling int er est hav ing a deficit balance.

Jik a diper luk an, peny esuaian dapat dilak uk an t er hadap lapor an k euangan ent it as anak agar k ebij ak an ak unt ansi sesuai dengan k ebij ak an ak unt ansi Gr up.

When necessar y , adj ust m ent ar e m ade t o t he financial st at em ent s of subsidiar ies t o br ing t heir account ing policies in line w it h t he Gr oup’s account ing policies.

Selur uh aset dan liabilit as dalam int r a k elom pok usaha, ek uit as, pendapat an, biay a dan ar us k as y ang ber k ait an dengan t r ansak si dalam k elom pok usaha dielim inasi secar a penuh pada saat k onsolidasian.

All int r agr oup asset s and liabilit ies, equit y , incom e, ex penses and cash flow s r elat ing t o t r ansact ions bet w een m em ber s of t he Gr oup ar e elim inat ed in full on consolidat ion.

Per ubahan k epem ilik an Gr up pada ent it as anak y ang t idak m engak ibat k an k ehilangan pengendalian Gr up at as ent it as anak dicat at sebagai t r ansak si ek uit as. Jum lah t er cat at dar i k epem ilik an Gr up dan k epent ingan

nonpengendali disesuaik an unt uk

m encer m ink an per ubahan k epent ingan r elat ifny a dalam ent it as anak . Selisih ant ar a j um lah t er cat at k epent ingan nonpengendali y ang disesuaik an dan nilai w aj ar im balan y ang dibay ar at au dit er im a diak ui secar a langsung dalam ek uit as dan diat r ibusik an dengan pem ilik ent it as induk .

Changes in t he Gr oup’s ow ner ship int er est in subsidiar ies t hat do not r esult in t he Gr oup losing cont r ol ov er t he subsidiar ies ar e account ed for as equit y t r ansact ions. The car r y ing am ount s of t he Gr oup’s int er est and t he non- cont r olling int er est ar e adj ust ed t o r eflect t he changes in t heir r elat iv e int er est in t he subsidiar ies. Any differ ence bet w een t he am ount by w hich t he non- cont r olling int er est ar e adj ust ed and t he fair v alue of t he consider at ion paid or r eceiv ed is r ecognized dir ect ly in equit y and at t r ibut ed t o ow ner s of t he Com pany .

Ket ik a Gr up k ehilangan pengendalian pada ent it as anak , k eunt ungan at au k er ugian diak ui dalam laba r ugi dan dihit ung sebagai per bedaan ant ar a ( i) agr egat nilai w aj ar pem bay ar an y ang dit er im a dan nilai w aj ar sisa k epem ilik an ( r et ained int er est ) dan ( ii) j um lah t er cat at sebelum ny a dar i aset ( t er m asuk goodw ill) , dan liabilit as dar i ent it as anak dan set iap k epent ingan nonpengendali. Selur uh j um lah y ang diak ui

sebelum ny a dalam penghasilan

k om pr ehensif lain y ang t er k ait dengan ent it as anak y ang dicat at seolah- olah Gr up t elah m elepask an secar a langsung aset at au liabilit as t er k ait ent it as anak ( y ait u dir ek lasifik asi k e laba r ugi at au dit r ansfer k e k at egor i lain dar i ek uit as sebagaim ana dit ent uk an/ diizink an oleh st andar ak unt ansi y ang ber lak u) . Nilai w aj ar set iap sisa inv est asi pada ent it as anak t er dahulu pada t anggal hilangny a pengendalian dianggap sebagai nilai w aj ar pada saat pengak uan aw al unt uk ak unt ansi ber ik ut ny a dalam PSAK 55, I nst r um en Keuangan: Pengak uan dan Penguk ur an at au, k et ik a ber lak u, biay a per olehan pada saat pengak uan aw al dar i inv est asi pada ent it as asosiasi.

When t he Gr oup losses cont r ol of a subsidiar y , a gain or loss is r ecognized in pr ofit or loss and is calculat ed as t he differ ence bet w een ( i) t he aggr egat e of t he fair v alue of t he consider at ion r eceiv ed and t he fair v alue of any r et ained int er est and ( ii) t he pr ev ious car r y ing am ount of t he asset s ( including goodw ill) , and liabilit ies of t he subsidiar y and any non- cont r olling int er est . All am ount s pr ev iously r ecognized in ot her com pr ehensiv e incom e in r elat ion t o t hat subsidiar y ar e account ed for as if t he Gr oup had dir ect ly disposed of t he r elat ed asset s or liabilit ies of t he subsidiar y ( i.e. r eclassified t o pr ofit or loss or t r ansfer r ed t o anot her cat egor y of equit y as specified/ per m it t ed by applicable account ing st andar ds) . The fair v alue of any inv est m ent r et ained in t he for m er subsidiar y at t he dat e w hen cont r ol is lost is r egar ded as t he fair v alue on init ial r ecognit ion for subsequent account ing under PSAK 55, Financial I nst r um ent s: Recognit ion and Measur em ent or , w hen applicable, t he cost on init ial r ecognit ion of an inv est m ent in an associat e.

d. Kom bin a si Bisn is

Ak uisisi bisnis dicat at dengan m enggunak an m et ode ak uisisi. I m balan y ang dialihk an dalam suat u k om binasi bisnis diuk ur pada nilai w aj ar , y ang dihit ung sebagai hasil penj um lahan dar i nilai w aj ar t anggal ak uisisi at as selur uh aset y ang dialihk an oleh Gr up, liabilit as y ang diak ui oleh Gr up k epada pem ilik sebelum ny a dar i pihak y ang diak uisisi dan k epent ingan ek uit as y ang dit er bit k an oleh Gr up dalam per t uk ar an pengendalian dar i pihak y ang diak uisisi. Biay a- biay a t er k ait ak uisisi diak ui di dalam laba r ugi pada saat t er j adiny a.

d.

Bu sin e ss Com bin a t ion s

Acquisit ions of businesses ar e account ed for using t he acquisit ion m et hod. The consider at ion t r ansfer r ed in a business com binat ion is m easur ed at fair v alue, w hich is calculat ed as t he sum of t he acquisit ion- dat e fair v alues of t he asset s t r ansfer r ed by t he Gr oup, liabilit ies incur r ed by t he Gr oup t o t he for m er ow ner s of t he acquir ee, and t he equit y int er est s issued by t he Gr oup in ex change for cont r ol of t he acquir ee. Acquisit ion- r elat ed cost s ar e r ecognized in pr ofit or loss as incur r ed.

Pada t anggal ak uisisi, aset t er ident ifik asi y ang diper oleh dan liabilit as y ang diam bilalih diak ui pada nilai w aj ar k ecuali unt uk aset dan liabilit as t er t ent u y ang diuk ur sesuai dengan st andar y ang r elev an.

At t he acquisit ion dat e, t he ident ifiable asset s acquir ed and t he liabilit ies assum ed ar e r ecognized at t heir fair v alue ex cept for cer t ain asset s and liabilit ies t hat ar e m easur ed in accor dance w it h t he r elev ant st andar ds. Goodw ill diuk ur sebagai selisih lebih dar i

nilai gabungan dar i im balan y ang dialihk an, j um lah set iap k epent ingan nonpengendali pada pihak diak uisisi dan nilai w aj ar pada t anggal ak uisisi k epent ingan ek uit as y ang sebelum ny a dim ilik i oleh pihak pengak uisisi pada pihak diak uisisi ( j ik a ada) at as j um lah net o dar i aset t er ident ifik asi y ang diper oleh dan liabilit as y ang diam bilalih pada t anggal ak uisisi. Jik a, set elah penilaian k em bali, j um lah net o dar i aset t er ident ifik asi y ang diper oleh dan liabilit as y ang diam bilalih pada t anggal ak uisisi m elebihi j um lah im balan y ang dialihk an, j um lah dar i set iap k epent ingan nonpengendali pada pihak diak uisisi dan nilai w aj ar pada t anggal ak uisisi k epent ingan ek uit as y ang sebelum ny a dim ilik i oleh pihak pengak uisisi pada pihak diak uisisi ( j ik a ada) , selisih lebih diak ui seger a dalam laba r ugi sebagai pem belian dengan disk on.

Goodw ill is m easur ed as t he ex cess of t he sum of t he consider at ion t r ansfer r ed, t he am ount of any non- cont r olling int er est s in t he acquir ee, and t he fair v alue of t he acquir er ’s pr ev iously held equit y int er est in t he acquir e ( if any ) ov er t he net of t he acquisit ion- dat e am ount s of t he ident ifiable asset s acquir ed and t he liabilit ies assum ed. I f, aft er t he r eassessm ent , t he net of t he acquisit ion- dat e am ount s of t he ident ifiable asset s acquir ed and liabilit ies assum ed ex ceeds t he sum of t he consider at ion t r ansfer r ed, t he am ount of any non- cont r olling int er est s in t he acquir ee and t he fair v alue of t he acquir er ’s pr ev iously held int er est in t he acquir ee ( if any ) , t he ex cess is r ecognized im m ediat ely in pr ofit or loss as a bar gain pu r chase opt ion.

Kepent ingan nonpengendali y ang

m eny aj ik an bagian k epem ilik an dan m em ber ik an m er ek a hak at as bagian pr oposional dar i aset net o ent it as dalam hal t er j adi lik uidasi pada aw alny a diuk ur baik pada nilai w aj ar at aupun pada bagian pr opor sional k epem ilik an k epent ingan nonpengendali at as aset net o t er ident ifik asi dar i pihak y ang diak uisisi. Pilihan dasar penguk ur an dilak uk an at as dasar t r ansak si. Kepent ingan nonpengendali j enis lain diuk ur pada nilai w aj ar at au, j ik a ber lak u, pada dasar penguk ur an lain y ang dit ent uk an oleh st andar ak unt ansi lain.

Non- cont r olling int er est s t hat ar e pr esent ow ner ship int er est s and ent it les t heir holder s t o a pr opor t ionat e shar e of t he ent it y ’s net asset s in t he ev ent of liquidat ion m ay be init ially m easur ed eit her at fair v alue or at t he non- cont r olling int er est s’ pr opor t ionat e shar e of t he acquir ee’s ident ifiable net asset s. The choice of m easur em ent basis is m ade on a t r ansact ion- by - t r ansact ion basis. Ot her t y pes of non- cont r olling int er est s ar e m easur ed at fair v alue or , w hen applicable, on t he basis specified in anot her account ing st andar d.

YANG BERAKHI R PADA TANGGAL TERSEBUT (Lanjutan) THEN ENDED (Continued) Bila im balan y ang dialihk an oleh Gr up

dalam suat u k om binasi bisnis t er m asuk aset at au liabilit as y ang ber asal dar i pengat ur an im balan k ont inj en ( cont ingent consider at ion ar r angem ent ) , im balan k ont inj en t er sebut diuk ur pada nilai w aj ar pada t anggal ak uisisi dan t er m asuk sebagai bagian dar i im balan y ang dialihk an dalam suat u k om binasi bisnis.

When t he consider at ion t r ansfer r ed by t he Gr oup in a business com binat ion includes asset s or liabilit ies r esult ing fr om a cont ingent consider at ion ar r angem ent , t he cont ingent consider at ion is m easur ed at it s acquisit ion -dat e fair v alue and included as par t of t he consider at ion t r ansfer r ed in a business com binat ion.

Per ubahan dalam nilai w aj ar at as im balan k ont inj en y ang m em enuhi sy ar at sebagai

peny esuaian per iode penguk ur an

disesuaik an secar a r et r ospek t if, dengan peny esuaian t er k ait t er hadap goodw ill. Peny esuaian per iode penguk ur an adalah peny esuaian y ang ber asal dar i infor m asi t am bahan y ang diper oleh selam a per iode penguk ur an ( y ang t idak m elebihi sat u t ahun sej ak t anggal ak uisisi) t ent ang fak t a-fak t a dan k ondisi y ang ada pada t anggal ak uisisi.

Changes in t he fair v alue of t he cont ingent consider at ion t hat qualify as m easur em ent per iod adj ust m ent s ar e adj ust ed r et r ospect iv ely , w it h cor r esponding adj ust m ent s against goodw ill. Measur em ent per iod adj ust m ent s ar e adj ust m ent s t hat ar ise fr om addit ional infor m at ion obt ained dur ing t he m easur em ent per iod ( w hich cannot ex ceed one y ear fr om t he acquisit ion dat e) about fact s and cir cum st ances t hat ex ist ed at t he acquisit ion dat e.

Ak unt ansi ber ik ut ny a unt uk per ubahan nilai w aj ar dar i im balan k ont inj ensi y ang t idak m em enuhi sy ar at sebagai peny esuaian per iode penguk ur an t er gant ung pada

bagaim ana im balan k ont inj ensi

dik lasifik asik an. I m balan k ont inj ensi y ang dik lasifik asik an sebagai ek uit as t idak diuk ur k em bali pada set iap t anggal pelapor an dan peny elesaian selanj ut ny a diper hit ungk an dalam ek uit as. I m balan k ont inj ensi y ang dik lasifik asik an sebagai aset at au liabilit as diuk ur k em bali pada nilai w aj ar pada set iap t anggal pelapor an, dengan per ubahan nilai w aj ar diak ui dalam lapor an laba r ugi.

The subsequent account ing for changes in t he fair v alue of t he cont ingent consider at ion t hat do not qualify as m easur em ent per iod adj ust m ent s depends on how t he cont ingent consider at ion is classified. Cont ingent consider at ion t hat is classified as equit y is not r em easur ed at subsequent r epor t ing dat es and it s subsequent set t lem ent is account ed for w it hin equit y . Cont ingent consider at ion t hat is classified as an asset or liabilit y is r em easur ed subsequent t o r epor t ing dat es at fair v alue, w it h changes in fair v alue r ecognised in pr ofit or loss.

Bila suat u k om binasi bisnis dilak uk an secar a ber t ahap, k epem ilik an t er dahulu Gr up at as pihak t er ak uisisi diuk ur k em bali k e nilai w aj ar pada t anggal ak uisisi dan k eunt ungan at au k er ugian dihasilk an, j ik a ada, diak ui dalam laba r ugi. Jum lah y ang ber asal dar i k epem ilik an sebelum t anggal ak uisisi y ang sebelum ny a t elah diak ui dalam penghasilan k om pr ehensif lain dir ek lasifik asi k e laba r ugi dim ana per lak uan t er sebut ak an sesuai j ik a k epem ilik an t er sebut dilepas/ dij ual.

When a business com binat ion is achiev ed in st ages, t he Gr oup’s pr ev iously held equit y int er est in t he acquir ee is r em easur ed t o fair v alue at t he acquisit ion dat e and t he r esult ing gain or loss, if any , is r ecognized in pr ofit or loss. Am ount s ar ising fr om int er est s in t he acquir ee pr ior t o t he acquisit ion dat e t hat hav e pr ev iously been r ecognized in ot her com pr ehensiv e incom e ar e r eclassified t o pr ofit or loss w her e such t r eat m ent w ould be appr opr iat e if t hat int er est s w er e disposed of.

Jik a ak unt ansi aw al unt uk k om binasi bisnis belum selesai pada ak hir per iode pelapor an saat k om binasi t er j adi, Gr up m elapor k an j um lah sem ent ar a unt uk pos- pos y ang pr oses ak unt ansiny a belum selesai dalam lapor an k euanganny a. Selam a per iode

penguk ur an, pihak pengak uisisi

m eny esuaik an, aset at au liabilit as

t am bahan y ang diak ui, unt uk

m encer m ink an infor m asi bar u y ang diper oleh t ent ang fak t a dan k eadaan y ang ada pada t anggal ak uisisi dan, j ik a dik et ahui, ak an ber dam pak pada j um lah y ang diak ui pada t anggal t er sebut .

I f t he init ial account ing for a business com binat ion is incom plet e by t he end of t he r epor t ing per iod in w hich t he com binat ion occur s, t he Gr oup r epor t s pr ov isional am ount s for t he it em s for w hich t he account ing is incom plet e. Those pr ov isional am ount s ar e adj ust ed dur ing t he m easur em ent per iod, or addit ional asset s or liabilit ies ar e r ecognized, t o r eflect new infor m at ion obt ained about fact s and cir cum st ances t hat ex ist ed as of t he acquisit ion dat e t hat , if k now n, w ould hav e affect ed t he am ount r ecognized as of t hat dat e.

e . Tr a n sa k si da n Pe n j a ba r a n La por a n

Ke u a n ga n D a la m M a t a Ua n g Asin g

e.

For e ign Cu r r e n cy Tr a n sa ct ion s a n d Tr a n sla t ion

Lapor an k euangan indiv idu m asing- m asing ent it as diuk ur dan disaj ik an dalam m at a uang dar i lingk ungan ek onom i ut am a dim ana ent it as ber oper asi ( m at a uang

fungsional) . Lapor an k euangan

k onsolidasian dar i Gr up disaj ik an dalam m at a uang Dolar Am er ik a Ser ik at ( US$) y ang m er upak an m at a uang fungsional Per usahaan dan m at a uang peny aj ian unt uk lapor an k euangan k onsolidasian.

The indiv idual financial st at em ent s of each ent it y ar e m easur ed and pr esent ed in t he cur r ency of t he pr im ar y econom ic env ir onm ent in w hich t he ent it y oper at es ( it s funct ional cur r ency ) . The consolidat ed financial st at em ent s of t he Gr oup ar e pr esent ed in US Dollar ( US$) , w hich is t he funct ional cur r ency of t he Com pany and t he pr esent at ion cur r ency for t he consolidat ed financial st at em ent s.

Dalam peny usunan lapor an k euangan set iap ent it as indiv idual gr up, t r ansak si dalam m at a uang asing selain m at a uang fungsional ent it as ( m at a uang asing) diak ui pada k ur s y ang ber lak u pada t anggal t r ansak si. Pada set iap ak hir per ode pelapor an, pos m onet er dalam v alut a asing dij abar k an k em bali pada k ur s y ang ber lak u pada t anggal t er sebut . Pos- pos nonm onet er y ang diuk ur pada nilai w aj ar dalam v alut a asing dij abar k an k em bali pada k ur s y ang ber lak u pada t anggal k et ik a nilai w aj ar dit ent uk an. Pos nonm onet er y ang diuk ur dalam biay a hist or is dalam v alut a asing t idak dij abar k an k em bali.

I n pr epar ing t he financial st at em ent s of each indiv idual gr oup ent it y , t r ansact ions in cur r encies ot her t han t he ent it y ’s funct ional cur r ency ( for eign cur r encies) ar e r ecognized at t he r at es of ex change pr ev ailing at t he dat es of t he t r ansact ions. At t he end of each r epor t ing per iod, m onet ar y it em s denom inat ed in for eign cur r encies ar e r et r anslat ed at t he r at es pr ev ailing at t hat dat e. Non- m onet ar y it em s car r ied at fair v alue t hat ar e denom inat ed in for eign cur r encies ar e r et r anslat ed at t he r at es pr ev ailing at t he dat e w hen t he fair v alue w as det er m ined. Non-m onet ar y it eNon-m s t hat ar e Non-m easur ed in t er Non-m s of hist or ical cost in a for eign cur r ency ar e not r et r anslat ed.

Selisih k ur s at as pos m onet er diak ui dalam laba r ugi pada per iode saat t er j adiny a k ecuali unt uk :

Ex change differ ences on m onet ar y it em s ar e r ecognized in pr ofit or loss in t he per iod in w hich t hey ar ise ex cept for :

− Selisih k ur s at as pinj am an v alut a asing y ang ber k ait an dengan aset dalam k onst r uk si unt uk penggunaan y ang pr oduk t if di m asa depan, t er m asuk dalam biay a per olehan aset t er sebut k et ik a dianggap sebagai peny esuaian at as biay a bunga at as pinj am an v alut a asing.

− Ex change differ ences on for eig n cur r ency bor r ow ing r elat ing t o asset s under const r uct ion for fut ur e pr oduct iv e use, w hich ar e included in t he cost of t hose asset s w hen t hey ar e r egar ded as an adj ust m ent t o int er est cost s on t hose for eign cur r ency bor r ow ing.

− Selisih k ur s at as t r ansak si y ang dit et apk an unt uk t uj uan lindung nilai r isik o v alut a asing t er t ent u.

− Ex change differ ences on t r ansact ion ent er ed int o in or der t o hedge cer t ain for eign cur r ency r isk s.

− Selisih k ur s at as pos m onet er piut ang at au ut ang dar i k egiat an oper asi dalam v alut a asing y ang peny elesaianny a t idak dir encanak an at au t idak m ungk in t er j adi ( m em bent uk bagian dar i inv est asi ber sih dalam k egiat an usaha luar neger i) , y ang pada aw alny a diak ui pada penghasilan k om pr ehensif lain dan dir ek lasifik asi dar i ek uit as k e laba r ugi pada pem bay ar an k em bali pos m onet er .

− Ex change differ ences on m onet ar y it em s r eceiv able fr om or pay able t o a for eign cur r ency oper at ion for w hich set t lem ent is neit her planned nor lik ely t o occur ( t her efor e for m ing par t of t he net inv est m ent in t he for eign oper at ion) , w hich ar e r ecognized init ially in ot her com pr ehensiv e incom e and r eclassified fr om equit y t o pr ofit or loss on r epay m ent of t he m onet ar y it em s.

Pem buk uan RPU diselenggar ak an dalam Rupiah, m at a uang fungsionalny a. Unt uk t uj uan peny aj ian lapor an k euangan k onsolidasian, aset dan liabilit as RPU dij abar k an k e dalam Dolar Am er ik a Ser ik at dengan m enggunak an k ur s y ang ber lak u pada ak hir per iode pelapor an. Pos penghasilan dan beban dij abar k an m enggunak an k ur s r at a- r at a unt uk per iode t er sebut , k ecuali k ur s ber fluk t uasi secar a signifik an selam a per iode t er sebut , dalam hal ini k ur s y ang ber lak u pada t anggal t r ansak si y ang digunak an. Selisih k ur s y ang t im bul diak ui dalam penghasilan k om pr ehensif lain dan diak um ulasi dalam ek uit as ( dan diat r ibusik an pada k epent ingan nonpengendali) .

The book s of account s of RPU ar e m aint ained in I ndonesian Rupiah, it s funct ional cur r ency . For t he pur poses of pr esent ing t hese consolidat ed financial st at em ent s, t he asset s and liabilit ies of RPU ar e t r anslat ed int o Unit ed St at es Dollar using ex change r at es pr ev ailing at t he end of each r epor t ing per iod. I ncom e and ex pense it em s ar e t r anslat ed at t he av er age ex change r at es for t he per iod, unless ex change r at es fluct uat e significant ly dur ing t hat per iod, in w hich case t he ex change r at es at t he dat es of t he t r ansact ions ar e used. Ex change differ ences ar ising, if any , ar e r ecognized in ot her com pr ehensiv e incom e and accum ulat ed in equit y ( and at t r ibut ed t o non-cont r olling int er est s as appr opr iat e) .

YANG BERAKHI R PADA TANGGAL TERSEBUT (Lanjutan) THEN ENDED (Continued) f. Tr a n sa k si Pih a k - Pih a k Be r e la si

f.

Tr a n sa ct ion s w it h Re la t e d Pa r t ie s

Pihak - pihak ber elasi adalah or ang at au ent it as y ang t er k ait dengan Gr up ( ent it as pelapor ) :

A r elat ed par t y is a per son or ent it y t hat is r elat ed t o t he Gr oup ( t he r epor t ing ent it y ) :

a. Or ang at au anggot a k eluar ga t er dek at m em puny ai r elasi dengan ent it as pelapor j ik a or ang t er sebut :

a. A per son or a close m em ber of t hat per son’s fam ily is r elat ed t o t he r epor t ing ent it y if t hat per son:

i. m em ilik i pengendalian at au pengendalian ber sam a at as ent it as pelapor ;

i. has cont r ol or j oint cont r ol ov er t he r epor t ing ent it y ;

ii. m em ilik i pengar uh signifik an at as ent it as pelapor ; at au

ii. has significant influence ov er t he r epor t ing ent it y ; or

iii. m er upak an per sonil m anaj em en k unci ent it as pelapor at au ent it as induk dar i ent it as pelapor .

iii. is a m em ber of t he k ey m anagem ent per sonnel of t he r epor t ing ent it y or of a par ent of t he r epor t ing ent it y . b. Suat u ent it as ber elasi dengan ent it as

pelapor j ik a m em enuhi salah sat u hal ber ik ut :

b. An ent it y is r elat ed t o t he r epor t ing ent it y if any of t he follow ing condit ions applies:

i. Ent it as dan ent it as pelapor adalah anggot a dar i k elom pok usaha y ang sam a ( ar t iny a ent it as induk , ent it as anak , dan ent it as anak ber ik ut ny a saling ber elasi dengan ent it as lainny a) .

i. The ent it y , and t he r epor t ing ent it y ar e m em ber s of t he sam e gr oup ( w hich m eans t hat each par ent , subsidiar y and fellow subsidiar y is r elat ed t o t he ot her s) .

ii. Sat u ent it as adalah ent it as asosiasi dar i ent it as lain ( at au ent it as asosiasi y ang m er upak an anggot a suat u k elom pok usaha, y ang m ana ent it as lain t er sebut adalah anggot any a) .

ii. One ent it y is an associat e of t he ot her ent it y ( or an associat e of a m em ber of a gr oup of w hich t he ot her ent it y is a m em ber ) .

iii. Kedua ent it as t er sebut adalah v ent ur a ber sam a dar i pihak k et iga y ang sam a.

iii. Bot h ent it ies ar e j oint v ent ur es of t he sam e t hir d par t y .

iv . Sat u ent it as adalah v ent ur a ber sam a dar i ent it as k et iga dan ent it as y ang lain adalah ent it as asosiasi dar i ent it as k et iga.

iv . One ent it y is a j oint v ent ur e of a t hir d ent it y and t he ot her ent it y is an associat e of t he t hir d ent it y .

v . Ent it as t er sebut adalah suat u pr ogr am im balan pasca k er j a unt uk im balan k er j a dar i salah sat u ent it as pelapor at au ent it as y ang t er k ait dengan ent it as pelapor . Jik a ent it as pelapor adalah ent it as y ang m eny elenggar ak an pr ogr am t er sebut , m ak a ent it as sponsor j uga ber elasi dengan ent it as pelapor .

v . The ent it y is a post - em ploy m ent benefit plan for t he benefit of em ploy ees of eit her t he r epor t ing ent it y , or an ent it y r elat ed t o t he r epor t ing ent it y . I f t he r epor t ing ent it y is it self such a plan, t he sponsor ing em ploy er s ar e also r elat ed t o t he r epor t ing ent it y .

v i. Ent it as y ang dik endalik an at au dik endalik an ber sam a oleh or ang y ang diident ifik asi dalam hur uf ( a) .

v i. The ent it y is cont r olled or j oint ly cont r olled by a per son ident ified in ( a) .

v ii. Or ang y ang diident ifik asi dalam hur uf ( a) ( i) m em ilik i pengar uh signifik an at as ent it as at au m er upak an per sonil m anaj em en k unci ent it as ( at au ent it as induk dar i ent it as) .

v ii. A per son ident ified in ( a) ( i) has significant influence ov er t he ent it y or is a m em ber of t he k ey m anagem ent per sonnel of t he ent it y ( or a par ent of t he ent it y ) .

PT. CH AN D RA ASRI PETROCH EM I CAL Tbk PT. CH AN D RA ASRI PETROCH EM I CAL Tbk

I N FORM ASI TAM BAH AN SUPPLEM EN TARY I N FORM ATI ON

D AFTAR I : LAPORAN POSI SI KEUAN GAN SCH ED ULE I : PAREN T EN TI TY' S

EN TI TAS I N D UK * ) STATEM EN TS OF FI N AN CI AL POSI TI ON * )

3 1 D ESEM BER 2 0 1 6 D AN 2 0 1 5 ( La n j u t a n ) D ECEM BER 3 1 , 2 0 1 6 AN D 2 0 1 5 ( Con t in u e d)

31 Desem ber / 31 Desem ber / Decem ber 31, Decem ber 31,

2016 2015

US$ '000 US$ '000

LI ABI LI TAS D AN EKUI TAS LI ABI LI TI ES AN D EQUI TY

LI ABI LI TAS JAN GKA PEN D EK CURREN T LI ABI LI TI ES

Ut ang bank - 50.800 Bank loans

Ut ang usaha Tr ade account s payable

Pihak ber elasi 23.918 91.164 Relat ed par t ies

Pihak ket iga 312.112 126.451 Thir d par t ies

Ut ang lain- lain Ot her account s payable

Pihak ber elasi 15.000 - Relat ed par t y

Pihak ket iga 144 12.202 Thir d par t ies

Ut ang paj ak 30.934 778 Taxes payable

Biaya yang m asih har us dibayar 1.508 1.224 Accr ued expenses

Uang m uka pelanggan 3.945 4.503 Cust om er advances

Ut ang bank j angka panj ang yang j at uh Cur r ent m at ur it ies of long- t er m

t em po dalam sat u t ahun 62.304 69.375 bank loans

Jum lah Liabilit as Jangka Pendek 449.865 356.497 Tot al Cur r ent Liabilit ies

LI ABI LI TAS JAN GKA PAN JAN G N ON CURREN T LI ABI LI TI ES

Liabilit as paj ak t angguhan - ber sih 120.706 123.848 Defer r ed t ax liabilit ies - net

Liabilit as j angka panj ang - set elah dikur angi Long- t er m bank loans- net of cur r ent

bagian yang j at uh t em po dalam sat u t ahun m at ur it ies

Ut ang bank 325.276 425.819 Bank loans

Ut ang obligasi 36.594 - Bonds payable

Liabilit as keuangan der ivat if 40 677 Der ivat ive financial liabilit ies

Liabilit as im balan pasca ker j a 22.522 17.751 Post - em ploym ent benefit s obligat ion Est im asi biaya pem bongkar an aset t et ap 2.163 2.127 Decom m issioning cost

Jum lah Liabilit as Jangka Panj ang 507.301 570.222 Tot al Noncur r ent Liabilit ies

JUM LAH LI ABI LI TAS 957.166 926.719 TOTAL LI ABI LI TI ES

EKUI TAS EQUI TY

Modal saham - nilai nom inal Rp 1.000 Capit al st ock - Rp 1,000 par value

per saham per shar e

Modal dasar - 12.264.785.664 saham Aut hor ized - 12,264,785,664 shar es

Modal dit em pat kan dan diset or penuh - I ssued and fully paid

-3.286.962.558 saham 359.989 359.989 3,286,962,558 shar es

Tam bahan m odal diset or 108.675 108.675 Addit ional paid- in capit al

Penghasilan kom pr ehensif lainnya ( 720) 744 Ot her com pr ehensive incom e

Saldo laba sej ak kuasi- r eor ganisasi Ret ained ear nings since

quasi-pada t anggal 31 Desem ber 2006 r eor ganizat ion on Decem ber 31, 2006

Dit ent ukan penggunaannya 7.039 5.639 Appr opr iat ed

Tidak dit ent ukan penggunaannya 627.286 388.431 Unappr opr iat ed

JUM LAH EKUI TAS 1.102.269 863.478 TOTAL EQUI TY

JUM LAH LI ABI LI TAS D AN EKUI TAS 2.059.435 1.790.197 TOTAL LI ABI LI TI ES AN D EQUI TY

* ) Disaj ikan m enggunakan m et ode biaya * ) Pr esent ed using cost m et hod

-PT. CH AN D RA ASRI PETROCH EM I CAL Tbk PT. CH AN D RA ASRI PETROCH EM I CAL Tbk

I N FORM ASI TAM BAH AN SUPPLEM EN TARY I N FORM ATI ON

D AFTAR I I : LAPORAN LABA RUGI D AN PEN GH ASI LAN SCH ED ULE I I : PAREN T EN TI TY' S STATEM EN TS OF PROFI T KOM PREH EN SI F LAI N EN TI TAS I N D UK * ) OR LOSS AN D OTH ER COM PREH EN SI V E I N COM E * )

UN TUK TAH UN - TAH UN YAN G BERAKH I R FOR TH E YEARS EN D ED

3 1 D ESEM BER 2 0 1 6 D AN 2 0 1 5 D ECEM BER 3 1 , 2 0 1 6 AN D 2 0 1 5

2016 2015

US$ '000 US$ '000

PEN JUALAN BERSI H 1.683.305 1.161.894 N ET SALES

BEBAN POKOK PEN JUALAN 1.229.544 1.024.688 COST OF GOOD S SOLD

LABA KOTOR 453.761 137.206 GROSS PROFI T

Beban penj ualan ( 40.054) ( 36.561) Selling expenses

Beban um um dan adm inist r asi ( 25.291) ( 22.148) Gener al and adm inist r at ive expenses

Beban keuangan ( 31.576) ( 22.140) Finance cost s

Ker ugian kur s m at a uang asing - ber sih ( 1.527) ( 9.561) Loss on for eign exchange - net

Keunt ungan ( ker ugian) at as inst r um en Gain ( loss) on der ivat ive

keuangan der ivat if 606 ( 1.524) financial inst r um ent s

Keunt ungan dan ker ugian lain- lain - ber sih 19.678 41.318 Ot her gains and losses- net

LABA SEBELUM PAJAK 375.597 86.590 PROFI T BEFORE TAX

BEBAN PAJAK PEN GH ASI LAN - BERSI H ( 91.908) ( 31.986) I N COM E TAX EX PEN SE - N ET

LABA BERSI H TAH UN BERJALAN 283.689 54.604 N ET PROFI T FOR TH E YEAR

PEN GH ASI LAN KOM PREH EN SI F LAI N : OTH ER COM PREH EN SI V E I N COM E

Pos yang t idak akan dir eklasifikasi I t em t hat w ill not be r eclassified

ke laba r ugi: subsequent ly t o pr ofit or loss:

Pengukur an kem bali at as pr ogr am Rem easur em ent of defined

im balan past i ( 1.464) 249 benefit obligat ion

Jum lah penghasilan kom pr ehensif lain Tot al ot her com pr ehensive incom e,

t ahun ber j alan set elah paj ak ( 1.464) 249 net of t ax

JUM LAH LABA KOM PREH EN SI F TOTAL COM PREH EN SI V E I N COM E

TAH UN BERJALAN 282.225 54.853 FOR TH E YEAR

PT. CH AN D RA ASRI PETROCH EM I CAL Tbk PT. CH AN D RA ASRI PETROCH EM I CAL Tbk

I N FORM ASI TAM BAH AN SUPPLEM EN TARY I N FORM ATI ON

D AFTAR I I I : LAPORAN PERUBAH AN EKUI TAS SCH ED ULE I I I : PAREN T EN TI TY' S

EN TI TAS I N D UK * ) STATEM EN TS OF CH AN GES I N EQUI TY * )

UN TUK TAH UN - TAH UN YAN G BERAKH I R 3 1 D ESEM BER 2 0 1 6 D AN 2 0 1 5 FOR TH E YEARS EN D ED D ECEM BER 3 1 , 2 0 1 6 AN D 2 0 1 5 Pendapat an

kom pr ehensif lain/ Ot her com pr ehensive

incom e

Modal Pengukur an

dit em pat kan Tam bahan kem bali at as dan m odal pr ogr am im balan diset or penuh/ diset or / past i/

I ssued and Addit ional Rem easur em ent Dit ent ukan Tidak dit ent ukan Jum lah fully paid paid- in of defined penggunaannya/ penggunaannya/ ekuit as/ capit al capit al benefit obligat ion Appr opr iat ed Unappr opr iat ed Tot al equit y

US$ '000 US$ '000 US$ '000 US$ '000 US$ '000 US$ '000

Saldo per 1 Januar i 2015 359.989 108.675 495 4.739 339.227 813.125 Balances as of Januar y 1, 2015

Jum lah laba t ahun ber j alan - - - - 54.604 54.604 Pr ofit for t he year

Penghasilan kom pr ehensif lain - Ot her com pr ehensive incom e

-Pengukur an kem bali at as pr ogr am Rem easur em ent of defined

im balan past i - - 249 - - 249 benefit obligat ion

Cadangan um um - - - 900 ( 900) - Gener al r eser ve

Dividen t unai - - - - ( 4.500) ( 4.500) Cash dividends

Saldo per 31 Desem ber 2015 359.989 108.675 744 5.639 388.431 863.478 Balances as of Decem ber 31, 2015

Jum lah laba t ahun ber j alan - - - - 283.689 283.689 Pr ofit for t he year

Penghasilan kom pr ehensif lain - Ot her com pr ehensive incom e

-Pengukur an kem bali at as pr ogr am Rem easur em ent of defined

im balan past i - - ( 1.464) - - ( 1.464) benefit obligat ion

Cadangan um um - - - 1.400 ( 1.400) - Gener al r eser ve

Dividen t unai - - - - ( 43.434) ( 43.434) Cash dividends

Saldo per 31 Desem ber 2016 359.989 108.675 ( 720) 7.039 627.286 1.102.269 Balances as of Decem ber 31, 2016

* ) Disaj ikan m enggunakan m et ode biaya * ) Pr esent ed using cost m et hod

Ret ained ear nings Saldo Laba/

-PT. CHANDRA ASRI PETROCHEMICAL Tbk PT. CHANDRA ASRI PETROCHEMICAL Tbk

INFORMASI TAMBAHAN SUPPLEMENTARY INFORMATION

DAFTAR IV: LAPORAN ARUS KAS SCHEDULE IV: PARENT ENTITY'S

ENTITAS INDUK *) STATEMENTS OF CASH FLOWS *)

UNTUK TAHUN-TAHUN YANG BERAKHIR FOR THE YEARS ENDED

31 DESEMBER 2016 DAN 2015 DECEMBER 31, 2016 AND 2015

2016 2015

US$ '000 US$ '000

ARUS KAS DARI AKTIVITAS OPERASI CASH FLOWS FROM OPERATING ACTIVITIES

Penerimaan kas dari pelanggan 1.618.909 1.223.848 Cash receipts from customers

Pembayaran kas kepada: Cash paid to:

Pemasok (1.094.978) (1.107.449) Suppliers

Direksi dan karyawan (47.058) (38.452) Directors and employees

Kas dihasilkan dari operasi 476.873 77.947 Cash generated from operations Penerimaan dari restitusi pajak 33.938 30.887 Tax restitution received

Pembayaran pajak penghasilan (64.334) (20.845) Payment of income taxes

Kas Bersih Diperoleh dari Aktivitas Operasi 446.477 87.989 Net Cash Provided by Operating Activities

ARUS KAS DARI AKTIVITAS INVESTASI CASH FLOWS FROM INVESTING ACTIVITIES

Perolehan aset tetap (53.692) (192.655) Acquisitions of property, plant and equipment Peningkatan investasi saham (15.000) - Additional investment in shares of stock

Pembayaran beban bunga yang dikapitalisasi Payment of interest expenses capitalized

ke aset tetap (4.830) (14.821) to property, plant and equipment

Piutang kepada pihak berelasi - bersih (22.171) (7.647) Accounts receivable from related parties - net Pembayaran uang muka pembelian aset tetap (3.101) (3.837) plant and equipment

Hasil penjualan aset tidak lancar Proceeds from sale of noncurrent assets

yang tersedia untuk dijual - 25.789 held for sale Penerimaan pendapatan bunga dari

pihak berelasi 5.782 5.066 Proceeds interest income from related party Penarikan dari rekening yang dibatasi

penggunaannya 2.366 4.348 Withdrawal of restricted cash in banks

Penerimaan bunga 1.725 454 Interest received

Kas Bersih Digunakan untuk Aktivitas Investasi (88.921) (183.303) Net Cash Used in Investing Activities

ARUS KAS DARI AKTIVITAS PENDANAAN CASH FLOWS FROM FINANCING ACTIVITIES

Penerimaan utang bank jangka pendek 220.135 238.800 Proceeds from short-term bank loans Penerimaan utang bank jangka panjang 199.800 159.980 Proceeds from long-term bank loans Penerimaan utang obligasi 37.510 - Proceeds from bonds payable Pembayaran utang bank jangka panjang (308.694) (152.280) Payment of long-term bank loans Pembayaran utang bank jangka pendek (270.935) (188.000) Payment of short-term bank loans

Pembayaran dividen (43.434) (4.500) Dividend payment

Pembayaran bunga dan beban keuangan (27.375) (24.419) Payment of interest and financial charges Pembayaran biaya perolehan pinjaman (3.463) (2.594) Payment of transaction costs

Kas Bersih Diperoleh dari (Digunakan untuk) Net Cash Provided by (Used in) Financing

Aktivitas Pendanaan (196.456) 26.987 Activities

KENAIKAN (PENURUNAN) BERSIH KAS NET INCREASE (DECREASE) IN CASH

DAN SETARA KAS 161.100 (68.327) AND CASH EQUIVALENTS

CASH AND CASH EQUIVALENTS AT

KAS DAN SETARA KAS AWAL TAHUN 77.330 145.657 BEGINNING OF YEAR

KAS DAN SETARA KAS AKHIR TAHUN 238.430 77.330 CASH AND CASH EQUIVALENTS AT END OF YEAR

PT. CH AN D RA ASRI PETROCH EM I CAL Tbk PT. CH AN D RA ASRI PETROCH EM I CAL Tbk

I N FORM ASI TAM BAH AN SUPPLEM EN TARY I N FORM ATI ON

D AFTAR V : I N V ESTASI EN TI TAS I N D UK D ALAM SCH ED ULE V : PAREN T EN TI TY' S

EN TI TAS AN AK D AN EN TI TAS ASOSI ASI I N V ESTM EN T I N SUBSI D I ARI ES AN D ASSOCI ATE

UN TUK TAH UN - TAH UN YAN G BERAKH I R 3 1 D ESEM BER 2 0 1 6 D AN 2 0 1 5 FOR TH E YEARS EN D ED D ECEM BER 3 1 , 2 0 1 6 AN D 2 0 1 5

Rincian invest asi pada ent it as anak dan asosiasi adalah sebagai ber ikut : Det ails of invest m ent s in subsidiar ies and an associat e ar e as follow s: Tahun Oper asi

Jenis Kom er sil/

Usaha/ St ar t of

Dom isili/ Nat ur e of Com m er cial

Dom icile _{2016 2015} Business Oper at ions

PT St yr indo Mono I ndonesia ( " SMI " ) Jakar t a 99,99% 99,99% Pet r okim ia/ 1993

Pet r ochem ical

PT Redeco Pet r olin Ut am a ( " RPU" ) * ) Jakar t a 50,75% 50,75% Sew a t anki/ 1986

Tanks lease

Alt us Capit al Pt e., Lt d. ( " AC" ) Singapur a/ 100,00% 100,00% Keuangan/ 2009

Singapor e Finance

PT Pet r okim ia But adiene I ndonesia ( " PBI " ) Jakar t a 99,98% 99,97% Pet r okim ia/ 2013

Pet r ochem ical

PT Bant en Ar om at ic I ndonesia ( " BAI " ) * * ) Jakar t a - 100,00% Pet r okim ia/

-Pet r ochem ical

PT Synt het ic Rubber I ndonesia ( " SRI " ) * ) Jakar t a 45,00% 45,00% Pet r okim ia/ Tahap

Pet r ochem ical pengem bangan/ Developm ent

st age * ) Kepem ilikan t idak langsung m elalui SMI / I ndir ect ow ner ship t hr ough SMI

* * ) Kepem ilikan t idak langsung m elalui SMI ( 55% ) dan PBI ( 45% ) / I ndirect ownership t hrough SMI ( 55% ) and PBI ( 45% )

Pada t ahun 2016, ber dasar kan Akt a No. 32 dar i Jose Dim a Sat r ia, S.H., M.Kn, Not ar is di Jakar t a, SMI & PBI , ent it as anak, m enyet uj ui unt uk m elikuidasi BAI / I n 2016, based on Not ar ial Deed No. 32 fr om Jose Dim a Sat r ia, S.H., M.Kn, Not ar y in Jakar t a, SMI & PBI , subsidiar ies, agr eed t o liquidat e BAI .

Subsidiar ies and Associat es

Per sent ase Pem ilikan/

Ent it as Anak dan Ent it as Asosiasi/ Per cent age of Ow ner ship

En t it a s Asosia si/ Associa t e En t it a s An a k / Su bsidia r ie s