SIGNIFICANT ACCOUNTING JUDGEMENTS, ESTIMATES AND ASSUMPTIONS

the Indonesian language. PT CITRA TUBINDO Tbk DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2014 dan untuk Tahun yang Berakhir pada Tanggal Tersebut Disajikan dalam Dolar AS, kecuali dinyatakan lain PT CITRA TUBINDO Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2014 and for the Year then Ended Expressed in U.S. Dollars, unless otherwise stated 41 4. KAS DAN SETARA KAS lanjutan 4. CASH AND CASH EQUIVALENTS continued Tingkat suku bunga deposito berjangka selama satu tahun yang berakhir pada tanggal 31 Desember 2014 dan 2013 adalah sebagai berikut: The interest rates on the time deposits during the years ended December 31, 2014 and 2013 were as follows: 31 Desember December 31 2014 2013 Dolar AS 0,01 - 2,00 0,06 - 2,00 U.S. Dollars Rupiah 4,05 - 7,25 3,30 - 7,25 Rupiah Dolar Singapura 0,21 0,21 Singapore Dollars Euro 1,23 1,23 Euro

5. PIUTANG USAHA

5. TRADE RECEIVABLES Rincian piutang usaha adalah sebagai berikut:

Trade receivables consist of the following: 31 Desember December 31 2014 2013 Pihak ketiga Third parties Total E P Indonesie 14.785.480 10.493.707 Total E P Indonesie Oudeh Petroleum Company 8.119.317 8.119.317 Oudeh Petroleum Company Mobil Cepu Ltd 7.484.783 1.814.873 Mobil Cepu Ltd PT Pertamina EP 3.950.277 - PT Pertamina EP PTTEP International Limited 2.609.347 - PTTEP International Limited Amalgamated Pipes Investment Ltd 1.772.160 4.595.900 Amalgamated Pipes Investment Ltd Halliburton Manufacturing Halliburton Manufacturing Technology Sdn Bhd 1.313.863 9.275 Technology Sdn Bhd Cairn Energy India Pty Ltd 967.209 3.421.125 Cairn Energy India Pty Ltd China National Offshore China National Offshore Oil Company SES Ltd - 1.645.700 Oil Company SES Ltd Lain-lain masing-masing di bawah AS1.000.000 7.452.305 5.209.561 Others each below US1,000,000 Pihak ketiga - jumlah 48.454.741 35.309.458 Third parties - total Dikurangi penyisihan atas kerugian Less allowance for impairment losses penurunan nilai piutang usaha 8.830.546 8.815.642 on trade receivables Pihak ketiga - neto 39.624.195 26.493.816 Third parties - net Pihak-pihak berelasi - neto Catatan 6 15.458.296 24.898.905 Related parties - net Note 6 Jumlah neto 55.082.491 51.392.721 Total net Rincian piutang usaha menurut jenis mata uang adalah sebagai berikut: The details of trade receivables based on currency are as follows: 31 Desember December 31 2014 2013 Dolar AS 52.183.552 46.612.134 U.S. Dollars Dolar Singapura Singapore Dollars Sin3.655.439 pada tanggal Sin3,655,439 as of 31 Desember 2014 dan December 31, 2014 and Sin5.845.311 Sin5,845,311 as of pada tanggal 31 Desember 2013 2.768.644 4.617.160 December 31, 2013 Rupiah Rupiah Rp1.628.685.384 pada tanggal Rp1,628,685,384 as of 31 Desember 2014 dan December 31, 2014 Rp1.993.007.916 pada tanggal and Rp1,993,007,916 as of 31 Desember 2013 130.295 163.427 December 31, 2013 Jumlah 55.082.491 51.392.721 Total the Indonesian language. PT CITRA TUBINDO Tbk DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2014 dan untuk Tahun yang Berakhir pada Tanggal Tersebut Disajikan dalam Dolar AS, kecuali dinyatakan lain PT CITRA TUBINDO Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2014 and for the Year then Ended Expressed in U.S. Dollars, unless otherwise stated 42 5. PIUTANG USAHA lanjutan 5. TRADE RECEIVABLES continued Berdasarkan analisa umur piutang, komposisi piutang usaha adalah sebagai berikut: Based on the analysis of the aging of the receivables, the composition of trade receivables is as follows: 31 Desember December 31 2014 2013 Kurang dari 31 hari 42.059.171 44.788.310 Less than 31 days 31 - 90 hari 10.303.462 3.362.603 31 - 90 days 91 - 180 hari 345.968 1.287.370 91 - 180 days 181 - 360 hari 1.047.295 928.297 181 - 360 days Lebih dari 360 hari 10.191.224 9.877.328 More than 360 days Jumlah 63.947.120 60.243.908 Total Dikurangi penyisihan atas kerugian Less allowance for impairment losses penurunan nilai piutang usaha 8.864.629 8.851.187 on trade receivables Neto 55.082.491 51.392.721 Net Mutasi penyisihan kerugian penurunan nilai atas piutang usaha pihak ketiga dan pihak berelasi adalah sebagai berikut: The changes in the allowance for impairment losses on trade receivables third parties and related parties are as follows: 31 Desember December 31 2014 2013 Saldo awal 8.851.187 9.046.229 Beginning balance Perubahan selama tahun berjalan Changes during the year Penambahan penyisihan 15.694 59.122 Additional provision Penghapusan piutang - 45.569 Write-off Pembalikan 600 196.618 Reversal Selisih nilai tukar 1.652 11.977 Foreign exchange difference Saldo akhir 8.864.629 8.851.187 Ending balance Penyisihan kerugian penurunan nilai dilakukan untuk menutup kemungkinan kerugian adanya piutang yang tidak tertagih. The allowance for impairment losses is provided to cover the possible losses from uncollectible accounts. Berdasarkan hasil penelaahan kolektibilitas akun piutang pelanggan tertentu pada akhir tahun dan evaluasi kolektif atas kemungkinan penurunan nilai piutang, manajemen Grup berpendapat bahwa penyisihan penurunan nilai piutang usaha cukup untuk menutup kemungkinan kerugian atas tidak tertagihnya piutang usaha. Based on a review of the collectibility of specific trade receivable accounts at end of the year and collective assessment of the possible impairment of trade receivables, the Group’s management is of the opinion that the allowance for impairment losses is adequate to cover possible losses from the non- collection of the accounts. Piutang usaha CPPI, Entitas Anak melalui SC, senilai Sin1.875.000 pada tanggal 31 Desember 2014 dijaminkan sehubungan dengan fasilitas pinjaman bank jangka panjang dari PT Bank CIMB Niaga Tbk Catatan 27. Trade receivables of CPPI, a Subsidiary through SC, amounting to Sin1,875,000 as of December 31, 2014 are used as collateral for the long-term loan facility obtained from PT Bank CIMB Niaga Tbk Note 27.