General a. Pendirian dan Informasi Umum

PT WINTERMAR OFFSHORE MARINE Tbk PT WINTERMAR OFFSHORE MARINE Tbk DAN ENTITAS ANAK AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN NOTES TO INTERIM CONSOLIDATED KONSOLIDASIAN INTERIM Lanjutan FINANCIAL STATEMENTS Continued Per 30 Juni 2016 dan 31 Desember 2015 dan Periode 6 Enam As of June 30, 2016 and December 31, 2015 and For the 6 Six Bulan yang Berakhir pada 30 Juni 2016 dan 2015 Months Periods Ended June 30, 2016 and 2015 Dalam US Dolar Penuh In Full US Dollar 6 Susunan Komite Audit Perusahaan pada 30 Juni 2016 dan 31 Desember 2015 adalah sebagai berikut: Composition of Audit Committee as of June 30, 2016 and December 31, 2015 is as follows: Ketua Jonathan Jochanan Chairman Anggota Paul Capelle Member Anggota Harjono Wreksoremboko Member Pada 30 Juni 2016 dan 31 Desember 2015, Perusahaan dan entitas anak memiliki pegawai tetap masing-masing 214 karyawan tidak diaudit. As of June 30, 2016 and December 31, 2015, the Company and subsidiaries employed 214 permanent employees, respectively unaudited. 1.c. Struktur Entitas Anak 1.c. Subsidiaries Structure Perusahaan memiliki pengendalian atas entitas anak yang dikonsolidasi sebagai berikut: The Company have control over the consolidated subsidiaries as follows: Tahun Operasi Komersial Entitas Anak Domisili Kegiatan Usaha Utama Year of 2016 2015 2016 2015 Subsidiaries Domicile Main Business Activity Commercial Operation USD USD PT Wintermar Wintermar Jakarta PelayaranShipping 1971 99.71 99.71 112,252,322 120,724,292 PT Arial Niaga Nusantara Arial Palembang PelayaranShipping 1997 99.51 99.51 3,657,140 4,600,264 PT Sentosasegara Mulia Shipping Sentosa Jakarta Pelayaran dan PerdaganganShipping and Trading 1995 99.78 99.78 68,984,621 60,909,830 PT Hammar Marine Offshore Hammar Jakarta PelayaranShipping 2011 60 60 3,401,234 3,565,340 PT PSV Indonesia PSV Jakarta PelayaranShipping 2010 51 51 42,204,552 43,861,955 PT Winpan Offshore Winpan Jakarta PelayaranShipping 2011 51 51 11,747,750 13,164,267 PT Win Offshore Wino Jakarta PelayaranShipping 2012 51 51 78,861,645 80,258,356 PT WM Offshore WMO Jakarta PelayaranShipping 2013 51 51 43,080,322 43,242,388 Florissa Pte.Ltd. Florissa SingapuraSingapore InvestasiInvestment 2012 100 100 227,786 317,919 PT Wintermar Asia Wina Jakarta PelayaranShipping -- 100 100 30,487 209,211 PT Win Maritim Winmar Jakarta PelayaranShipping -- 100 100 4,462,965 4,464,648 PT Fast Offshore Indonesia FOI Jakarta PelayaranShipping 2009 51 51 41,155,476 43,077,169 Wintermar B Sdn Bhd Brunei PelayaranShipping -- 99.44 -- 120,917 132,738 Persentase Kepemilikan Percentage of Ownership Total Assets Total Aset Dalam laporan keuangan konsolidasian interim ini, Perusahaan dan entitas anak secara bersama- sama disebut sebagai “Grup”. In these interim consolidated financial statements, the Company and its subsidiaries are collectively referred as the “Group”. Berikut perubahan kepemilikan dan pendirian entitas anak di tahun 2015: Following the change of ownership and establishment of the subsidiary in 2015: Wintermar B Sdn Bhd Pada tanggal 2 Desember 2014, Wintermar, entitas anak, mendirikan Wintermar B Sdn Bhd dengan menempatkan modal disetor sebanyak 99.000 saham atau setara 99,44 kepemilikan. Wintermar B Sdn Bhd berkedudukan di Brunei Darussalam dan belum beroperasi secara komersial. Wintermar B Sdn Bhd On December 2, 2014, Wintermar, subsidiary, establish Wintermar B Sdn Bhd and contributed a paid-in capital of 99,000 shares or equal with 99.44 ownership. Wintermar B Sdn Bhd is domiciled in Brunei Darussalam and has not started commercial operations. 1.d. Pencatatan Saham Perusahaan 1.d. Listing of the Company’s Shares Penawaran Umum Perdana dan Penerbitan Waran Seri I Initial Public Offering and Issuance of Warrant Seri I Pada tanggal 19 Nopember 2010, Perusahaan telah menerima pernyataan efektif pendaftaran sebagai perusahaan publik dari Ketua Badan Pengawas Pasar Modal dan Lembaga Keuangan Bapepam-LK dengan suratnya No. S- 10515BL2010 untuk melakukan penawaran umum atas 900.000.000 saham Perusahaan kepada masyarakat dan 90.000.000 Waran Seri I. Sampai tanggal akhir pelaksanaan, jumlah waran yang dilaksanakan sebanyak 57.287.323 waran. On November 19, 2010, the Company received an effective notification of registration as a public company by the Chairman of the Capital Market and Financial Institution Supervisory Agency Bapepam-LK in his letter No. S-10515BL2010 for its public offering for 900,000,000 shares and 90,000,000 Warrant Series I. Up to the last date of the exercise period, total exercised warrants amounted to 57,287,323 warrants. PT WINTERMAR OFFSHORE MARINE Tbk PT WINTERMAR OFFSHORE MARINE Tbk DAN ENTITAS ANAK AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN NOTES TO INTERIM CONSOLIDATED KONSOLIDASIAN INTERIM Lanjutan FINANCIAL STATEMENTS Continued Per 30 Juni 2016 dan 31 Desember 2015 dan Periode 6 Enam As of June 30, 2016 and December 31, 2015 and For the 6 Six Bulan yang Berakhir pada 30 Juni 2016 dan 2015 Months Periods Ended June 30, 2016 and 2015 Dalam US Dolar Penuh In Full US Dollar 7 Management and Employee Stock Option Program MESOP 1 Tahap 1 Management and Employee Stock Option Program MESOP 1 Phase 1 Pada tanggal 17 Maret 2011, Perusahaan mendistribusikan 16.000.000 opsi dengan harga pelaksanaan Rp300 per saham. Sampai dengan 30 Juni 2016, jumlah saham yang diterbitkan dari pelaksanaan opsi ini adalah sebanyak 11.856.525 saham. On March 17, 2011, the Company distributed 16,000,000 options with exercise price of Rp300 per share. Until June 30, 2016, number of shares from exercise of this option is 11,856,525 shares. MESOP 1 Tahap 2 MESOP 1 Phase 2 Pada tanggal 1 April 2012, Perusahaan mendistribusikan 19.500.000 opsi dengan harga pelaksanaan Rp310 per saham. Sampai dengan 30 Juni 2016, jumlah saham yang diterbitkan dari pelaksanaan opsi ini adalah sebanyak 11.766.200 saham. On April 1, 2012, the Company distributed 19,500,000 options with exercise price of Rp310 per share. Up to June 30, 2016, number of shares issued from exercise of this option is 11,766,200 shares. MESOP 2 MESOP 2 Pada tanggal 10 Oktober 2012, Perusahaan mendistribusikan 15.729.000 opsi dengan harga pelaksanaan Rp390 per saham. Sampai dengan 24 April 2014, semua opsi telah dilaksanakan. On October 10, 2012, the Company distributed 15,729,000 options with exercise price of Rp390 per share. Until April 24, 2014, all options have been exercised. Dividen Saham - 2013 Stock Dividend - 2013 Pada tanggal 21 Juni 2013, Perusahaan membagikan dividen saham dengan menerbitkan 57.807.429 saham. On June 21, 2013, the Company distributed stock dividend by issuing 57,807,429 shares. Konversi Pinjaman IFC IFC Loan Conversion Pada tanggal 14 April 2014, Perusahaan menerbitkan 190.000.000 saham sebagai konversi IFC Convertible Loan. On April 14, 2014, the Company issued 190,000,000 shares as conversion of IFC Convertible loan. Penerbitan Saham Tanpa Hak Memesan Efek Terlebih Dahulu Non Pre Emptive Share Issuance Pada tanggal 2 Mei 2014, Perusahaan menerbitkan 116.917.000 saham pada harga Rp800 per saham. On May 2, 2014, the Company issued 116,917,000 shares at Rp800 per share. Dividen Saham - 2014 Stock Dividend - 2014 Pada tanggal 15 Juli 2014, Perusahaan membagikan dividen saham dengan menerbitkan 26.648.163 saham. On July 15, 2014, the Company distributed stock dividend by issuing 26,648,163 shares. Pada tanggal 30 Juni 2016 dan 31 Desember 2015, sejumlah 4.038.011.640 dan 4.038.011.640 saham Perusahaan dicatatkan di Bursa Efek Indonesia. As of June 30, 2016 and December 31, 2015, a total of 4,038,011,640 and 4.038.011.640 shares of the Company is listed on the Indonesian Stock Exchange. PT WINTERMAR OFFSHORE MARINE Tbk PT WINTERMAR OFFSHORE MARINE Tbk DAN ENTITAS ANAK AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN NOTES TO INTERIM CONSOLIDATED KONSOLIDASIAN INTERIM Lanjutan FINANCIAL STATEMENTS Continued Per 30 Juni 2016 dan 31 Desember 2015 dan Periode 6 Enam As of June 30, 2016 and December 31, 2015 and For the 6 Six Bulan yang Berakhir pada 30 Juni 2016 dan 2015 Months Periods Ended June 30, 2016 and 2015 Dalam US Dolar Penuh In Full US Dollar 8 2. Ikhtisar Kebijakan Akuntansi Signifikan 2. Summary of Significant Accounting Policies 2.a. Kepatuhan Terhadap Standar Akuntansi Keuangan SAK Laporan keuangan konsolidasian interim Grup telah disusun dan disajikan sesuai dengan Standar Akuntansi Keuangan di Indonesia yang meliputi Pernyataan Standar Akuntansi Keuangan PSAK dan Interpretasi Standar Akuntansi Keuangan ISAK yang diterbitkan oleh Dewan Standar Akuntansi Keuangan – Ikatan Akuntan Indonesia DSAK – IAI, serta peraturan Pasar Modal yang berlaku antara lain Peraturan Otoritas Jasa KeuanganBadan Pengawas Pasar Modal dan Lembaga Keuangan OJKBapepam-LK No. VIII.G.7 tentang pedoman penyajian laporan keuangan, keputusan Ketua Bapepam-LK No. KEP-347BL2012 tentang penyajian dan pengungkapan laporan keuangan emiten atau perusahaan publik. 2.a. Compliance with Financial Accounting Standards FAS The Group’s interim consolidated financial statements were prepared and presented in accordance with Indonesian Financial Accounting Standards which include the Statement of Financial Accounting Standards PSAK and Interpretation of Financial Accounting Standards ISAK issued by the Financial Accounting Standard Board – Indonesian Institute of Accountant DSAK – IAI, and regulations in the Capital Market include Regulations of Financial Sevices AuthorityCapital Market and Supervisory Board and Financial Institution OJKBapepam-LK No. VIII.G.7 regarding guidelines for the presentation of financial statements, decree of Chairman of Bapepam-LK No. KEP-347BL2012 regarding presentation and disclosure of financial statements of the issuer or public company. 2.b. Dasar Pengukuran dan Penyusunan Laporan Keuangan Konsolidasian Interim 2.b. Basis of Measurement and Preparation of Consolidated Financial Statements Laporan keuangan konsolidasian interim disusun dan disajikan berdasarkan asumsi kelangsungan usaha serta atas dasar akrual, kecuali laporan arus kas konsolidasian interim. Dasar pengukuran dalam penyusunan laporan keuangan konsolidasian interim ini adalah konsep biaya perolehan, kecuali beberapa akun tertentu yang didasarkan pengukuran lain sebagaimana dijelaskan dalam kebijakan akuntansi masing- masing akun tersebut. Biaya perolehan umumnya didasarkan pada nilai wajar imbalan yang diserahkan dalam pemerolehan aset. The interim consolidated financial statements have been prepared and presented based on going concern assumption and accrual basis of accounting, except for the interim consolidated statements of cash flows. Basis of measurement in preparation of these interim consolidated financial statements is the historical costs concept, except for certain accounts which have been prepared on the basis of other measurements as described in their respective policies. Historical cost is generally based on the fair value of the consideration given in exchange for assets. Laporan arus kas konsolidasian interim disajikan dengan metode langsung direct method dengan mengelompokkan arus kas dalam aktivitas operasi, investasi dan pendanaan. The consolidated statements of cash flows are prepared using the direct method by classifying cash flows into operating, investing and financing activities. Mata uang penyajian yang digunakan dalam penyusunan laporan keuangan konsolidasian interim ini adalah Dolar Amerika Serikat yang merupakan mata uang fungsional Grup. Setiap entitas di dalam Grup menetapkan mata uang fungsional sendiri dan unsur-unsur dalam laporan keuangan dari setiap entitas diukur berdasarkan mata uang fungsional tersebut. The presentation currency used in the preparation of the interim consolidated financial statements is US Dollar which is the functional currency of the Group. Each entity in the Group determines its own functional currency and items included in the financial statements of each entity are measured using that functional currency. PT WINTERMAR OFFSHORE MARINE Tbk PT WINTERMAR OFFSHORE MARINE Tbk DAN ENTITAS ANAK AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN NOTES TO INTERIM CONSOLIDATED KONSOLIDASIAN INTERIM Lanjutan FINANCIAL STATEMENTS Continued Per 30 Juni 2016 dan 31 Desember 2015 dan Periode 6 Enam As of June 30, 2016 and December 31, 2015 and For the 6 Six Bulan yang Berakhir pada 30 Juni 2016 dan 2015 Months Periods Ended June 30, 2016 and 2015 Dalam US Dolar Penuh In Full US Dollar 9 2.c. Pernyataan dan Interpretasi Standar Akuntansi Baru dan Revisi yang Berlaku Efektif pada Tahun Berjalan 2.c. New and Revised Statements and Interpretation of Financial Accounting Standards Effective in the Current Year DSAK-IAI telah menerbitkan standar baru, penyesuaian atas standar dan interpretasi standar yang berlaku efektif untuk tahun buku yang dimulai pada atau setelah 1 Januari 2016. DSAK - IAI has issued the new standards, amendments of standards and interpretation of standard effectively applied for the period starting on or after January 1, 2016. Penyesuaian dan interpretasi standar berikut relevan dengan operasi Grup tetapi tidak berdampak terhadap Laporan keuangan konsolidasian Grup: Improvement and interpretation of the following standards are relevant to the Group’s operation but have no impact to the Group’s consolidated financial statements:  PSAK No. 5 “Segmen Operasi”  PSAK No. 7 “Pengungkapan Pihak-pihak Berelasi”  PSAK No. 16 “Aset Tetap”  PSAK No. 22 “Kombinasi Bisnis”  PSAK No. 25 “Kebijakan Akuntansi, Perubahan Esti masi Akuntansi dan Kesalahan”  PSAK No. 68 “Pengukuran Nilai Wajar”  ISAK No. 30 “Pungutan”  PSAK No. 5 “Operating Segments”  PSAK No. 7 “Related Party Disclosures”  PSAK No. 16 “Property, Plant and Equipment”  PSAK No. 22 “Business Combination”  PSAK No. 25 “Accounting Policies, Changes in Accounting Estimates and Errors”  PSAK No. 68 “Fair Value Measurement”  ISAK No. 30 “Levies” Standar baru dan penyesuaian atas standar berikut tidak relevan dengan operasi Grup: New standard and improvement of the following standards are not relevant to the Group’s operation: Standar PSAK No. 110 revisi 2015 “Akuntansi Sukuk” Standard PSAK No. 110 revised 2015 “Accounting for Sukuk” Penyesuaian Adjustment  PSAK No. 13 “Properti Investasi”  PSAK No. 19 “Aset Tak berwujud”  PSAK No. 53 “Pembayaran Berbasis Saham”  PSAK No. 13 “Investments Property”  PSAK No. 19 “Intangible Assets”  PSAK No. 53 “Share-based Payments” Amandemen standar berikut relevan dengan operasi Grup tetapi tidak berdampak terhadap Laporan Keuangan Konsolidasi Grup: The following amendments to standards are relevant to the Group’s operation but have no impact to the Group’s consolidated financial statements:  PSAK No. 4 “Laporan Keuangan Tersendiri tentang Metode Ekuitas dalam Laporan Keuangan Tersendiri ”  PSAK No. 4 “Separate Financial Statements about Equity Method in Separate Financial Statements”  PSAK No. 15 “Investasi Pada Entitas Asosiasi dan Ventura Bersama tentang Entitas Investasi: Penerapan Pengecualian Konsolidasi”  PSAK No. 15 “Investment in Associates and Joint Venture about Investment Entities: Apply ing the Consolidation Exception”  PSAK No. 24 “Imbalan Kerja tentang Program Imbalan Pasti: Iuran Pekerja”  PSAK No. 24 “Employee Benefits about Defined Benefit Plans: Employee Contribu tions”  PSAK No. 65 “Laporan Keuangan Konsolidasian tentang Entitas Investasi: Pen erapan Pengecualian Konsolidasi”  PSAK No. 65 “Consolidation Financial Statements about Investment Entities: Apply ing the Consolidation Exception”  PSAK No. 67 “Pengungkapan Kepentingan Dalam Entitas Lain tentang Entitas Investasi: Penerap an Pengecualian Konsolidasi”  PSAK No. 67 “Disclosures of Interest in Other Entities about Investment Entities: Applying the Consolidation Exception”