laporan keuangan interim pt elang mahkota teknolog

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Table of Contents

Laporan Posisi Keuangan Konsolidasian Interim Consolidated Statement of

Interim ... 1 - 2 ... Financial Position

Laporan Laba Rugi dan Penghasilan Interim Consolidated Statement of Profit or Loss

Komprehensif Lain Konsolidasian Interim ... 3 - 4 ... and Other Comprehensive Income

Laporan Perubahan Ekuitas Interim Consolidated Statement of

Konsolidasian Interim... 5 ... Changes in Equity

Laporan Arus Kas Konsolidasian Interim ... 6 - 7 ... Interim Consolidated Statement of Cash Flows

Catatan Atas Laporan Keuangan Notes to the Interim Consolidated

Konsolidasian Interim... 8 - 142 ... Financial Statements

Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan dari laporan

keuangan konsolidasian secara keseluruhan.

The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial

statements taken as a whole.

Catatan/ 30 September 2016/ 31 Desember 2015/

Notes September 30, 2016 December 31, 2015

ASET ASSETS

ASET LANCAR CURRENT ASSETS

Kas dan setara kas 2e,2p,2u,4, Cash and cash equivalents

38,39,40 3.175.704.806 7.699.640.184

Aset keuangan lancar lainnya 2e,2p,2u,3,5, Other current financial assets

38,39,40

Pihak ketiga 16,20 4.072.026.408 44.901.758 Third parties

Pihak berelasi 2f,36 14.699.827 30.493.520 Related parties

Piutang usaha 2p 2u,3,6 Trade receivables

Pihak ketiga - neto 16,38,39,40 1.831.556.011 1.453.952.262 Third parties - net

Pihak berelasi 2f, 36 12.205.971 10.322.290 Related parties

Piutang lain-lain 2u,38,39,40 Other receivables

Pihak ketiga - neto 86.257.553 64.480.564 Third parties - net

Pihak berelasi - neto 2f,36 2.988.552 4.091.317 Related parties - net

Persediaan 2g,3,7,16 880.416.445 660.183.471 Inventories

Biaya dibayar di muka 2h,2m,8,13 61.982.377 56.933.019 Prepaid expenses

Uang muka 9 204.076.317 225.108.969 Advances

Pajak dibayar di muka 19 120.023.334 157.620.411 Prepaid taxes

Piutang pihak berelasi 36 4.150.000 - Due from related parties

Total Aset Lancar 10.466.087.601 10.407.727.765 Total Current Assets

ASET TIDAK LANCAR NON-CURRENT ASSETS

Aset tetap - neto 2k,2l,3 Fixed assets - net

10,16,20 2.365.347.974 2.223.642.948

Goodwill danaset takberwujud - neto 2b,2d,2j,12 5.452.870.539 2.382.548.619 Goodwill and intangible assets - net

Aset pajak tangguhan 2q,3,24 134.573.773 124.555.779 Deferred tax assets

Klaim atas pengembalian pajak 19 146.479.278 37.900.213 Claims for tax refund

Biaya sewa dibayar di muka

jangka panjang 2h,2m,8,13 144.456.419 146.894.744 Prepaid long-term rent

Investasi pada entitas Investment in associated

asosiasi 2f,2i,11 339.220.371 239.919.695 companies

Investasi jangka panjang 2u,3,14 1.712.668.591 1.806.957.489 Long-term investments

Aset tidak lancar lainnya 2j,2l,2u, Other non-current assets

15,38,39,40 203.444.861 130.124.492

Total Aset Tidak Lancar 10.499.061.806 7.092.543.979 Total Non-current Assets

TOTAL ASET 20.965.149.407 17.500.271.744 TOTAL ASSETS

Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan dari laporan

keuangan konsolidasian secara keseluruhan.

The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial

statements taken as a whole.

LIABILITAS LIABILITIES

LIABILITAS JANGKA PENDEK CURRENT LIABILITIES

Pinjaman jangka pendek 2u,6,7 51.876.241 33.992.202 Short-term loans

16,39,40

Utang usaha - pihak ketiga 2u,17,38,39,40 477.878.859 337.657.382 Trade payables - third parties

Utang dividen 2u,28,39,40 10.733.726 12.203.718 Dividends payable

Utang lain-lain - pihak ketiga 2u,37,39,40 132.800.492 108.072.564 Other payables - third parties

Utang pajak 2q,3,19 151.155.435 245.672.025 Taxes payable

Beban akrual 2o,18,39,40 302.286.015 210.644.918 Accrued expenses

Liabilitas imbalan kerja Short-term employee benefits

jangka pendek 2r,2u,18 120.398.978 153.864.217 liabilities

Uang muka pelanggan 2o 77.746.625 95.407.198 Advances from customers

Bagian lancar dari pinjaman 2u,10,20, Current maturities of long-

jangka panjang: 39,40 term payables:

Pinjaman bank 51.117.320 24.841.606 Bank loans

Utang sewa pembiayaan 2m 1.072.922 2.271.895 Finance lease payables

Pinjaman pihak berelasi 2f,2u,36,39,40 38.627.972 26.385.453 Due to related parties

Obligasi konversi - pihak berelasi 2f,2u,36,39,40 63.230.706 61.522.826 Convertible bonds - related parties

Bagian lancar dari utang Current maturities of other

jangka panjang lainnya 21 583.104.722 - long-term payable

Total Liabilitas Jangka Pendek 2.062.030.013 1.312.536.004 Total Current Liabilities

LIABILITAS JANGKA PANJANG NON-CURRENT LIABILITIES

Obligasi konversi Convertible bonds

Pihak ketiga 2u,23,39,40 31.624.590 30.620.586 Third parties

Pinjaman jangka panjang - setelah 2u,10,20 Long-term payables - net of

dikurangi bagian lancar: 39,40 current maturities:

Pinjaman bank 333.470.346 193.896.774 Bank loans

Utang sewa pembiayaan 2m 1.395.901 1.633.713 Finance lease payables

Liabilitas pajak tangguhan 2q,24 326.818.643 428.899.283 Deferred tax liabilities

Liabilitas imbalan kerja 2r,3,22 179.911.241 143.554.198 Employee benefits liabilities

Utang jangka panjang lainnya - Other long-term payable - net of

setelah dikurangi bagian lancar 21 1.909.993.319 - current maturities

Total Liabilitas Jangka Panjang 2.783.214.040 798.604.554 Total Non-current Liabilities

TOTAL LIABILITAS 4.845.244.053 2.111.140.558 TOTAL LIABILITIES

EKUITAS EQUITY

Ekuitas yang dapat diatribusikan Equityattributable to Owners

kepada Pemilik Entitas Induk ofthe ParentEntity

Share capital - Rp200 (full amount)

Modal saham - nilai nominal par value per share

Rp200 (angka penuh) per saham Authorized - 12,567,018,000

Modal dasar - 12.567.018.000 saham shares

Modal ditempatkan dan disetor Issued and fully paid -

penuh - 5.640.032.442 saham 26 1.128.006.488 1.128.006.488 5,640,032,442 shares

Tambahan modal disetor - neto 2n,2d,27 2.068.557.276 2.068.557.276 Additional paid-in capital - net

Selisih nilai transaksi dengan pihak Difference in value of transactions

nonpengendali 1c,1d,2c,28 9.139.784.278 8.488.732.655 with non-controlling interests

Saldo laba Retained earnings

Telah ditentukan penggunaannya 29 10.000.000 9.000.000 Appropriated

Belum ditentukan penggunaannya 1.372.916.039 1.324.753.697 Unappropriated

Penghasilan komprehensif lainnya 415.936.202 703.167.630 Other comprehensive income

Total 14.135.200.283 13.722.217.746 Total

Kepentingan nonpengendali 2b,2c,25 1.984.705.071 1.666.913.440 Non-controlling interests

TOTAL EKUITAS 16.119.905.354 15.389.131.186 TOTAL EQUITY

TOTAL LIABILITAS DAN EKUITAS 20.965.149.407 17.500.271.744 TOTAL LIABILITIES AND EQUITY

Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan dari laporan

keuangan konsolidasian secara keseluruhan.

The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial

statements taken as a whole.

Kecuali Laba per Saham) Except Earnings per Share)

Periode Sembilan Bulan yang Berakhir

pada Tanggal 30 September/ Nine-month Periods Ended September 30

_Catatan/

Notes 2016 2015

OPERASI YANG DILANJUTKAN CONTINUING OPERATIONS

PENDAPATAN - NETO 2f,2o,30,36 5.354.491.388 4.783.003.796 REVENUES - NET

BEBAN POKOK PENDAPATAN 2o,31 (2.900.882.063) (2.599.989.513) COST OF REVENUES

LABA KOTOR 2.453.609.325 2.183.014.283 GROSS PROFIT

Beban penjualan 2o,32 (116.879.380) (61.628.906) Selling expenses

General and administrative

Beban umum dan administrasi 2o,33 (1.070.811.526) (938.581.003) expenses

Rugi penjualan aset tetap - neto 2k,2o,10 (2.941.117) (7.473.819) Loss on sale of fixed assets - net

Gain (loss) on foreign

Laba (rugi) selisih kurs - neto 2p,2o (269.833.939) 838.018.359 exchange - net

Pendapatan operasi lain-lain - neto 2o 7.399.173 11.990.124 Other operating income - net

LABA USAHA 1.000.542.536 2.025.339.038 OPERATING PROFIT

Pendapatan keuangan, neto 2o 171.872.527 302.721.452 Finance income, net

Laba atas investasi 1c,41 184.885.223 139.772.024 Gain on investments

Pendapatan dividen 9.574.459 2.808.230 Dividend income

Biaya keuangan 2o (22.931.063) (40.372.116) Finance costs

Bagian rugi dari Share of loss from

entitas asosiasi - neto 2i,11 (237.445.013) (42.096.850) associated companies - net

Laba sebelum pajak penghasilan Profit before income tax

dari operasi yang dilanjutkan 1.106.498.669 2.388.171.778 from continuing operations

Beban pajak penghasilan - neto 2q,24 (375.406.576) (567.335.409) Income tax expense - net

`

LABA PERIODE BERJALAN DARI PROFIT FOR THE PERIOD FROM

OPERASI YANG DILANJUTKAN 731.092.093 1.820.836.369 CONTINUING OPERATIONS

OPERASI YANG DIHENTIKAN DISCONTINUED OPERATION

Laba dari operasi yang dihentikan - Profit from discontinued operation -

setelah beban pajak penghasilan 41 - 887.390 net of income tax expense

`

LABA PERIODE BERJALAN 731.092.093 1.821.723.759 PROFIT FOR THE PERIOD

Penghasilan komprehensif lain Other comprehensive income

Pos yang akan direklasifikasi ke Items to be reclassified to profit

laba rugi: or loss:

Perubahan atas nilai wajar aset 2f,2u,5, Changes in fair value of

keuangan tersedia untuk dijual - 14,36 available-for-sale financial

setelah pajak (268.942.795) 468.939.347 assets - net of tax

Difference in foreign currency

Selisih kurs karena penjabaran translation of financial

Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan dari laporan

keuangan konsolidasian secara keseluruhan.

The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial

statements taken as a whole.

Periode Sembilan Bulan yang Berakhir

pada Tanggal 30 September/ Nine-month Periods Ended September 30

_Catatan/

Notes 2016 2015

Penghasilan komprehensif lain Other comprehensive income

(lanjutan) (continued)

Pos yang tidak akan direklasifikasi ke Item not to be reclassified to

laba rugi: profit or loss:

Pengukuran kembali atas liabilitas Remeasurement of employee

imbalan kerja setelah pajak 2r,3,22 (2.797.389) 11.492.677 benefitsliability -net of tax

Total penghasilan komprehensif Total other comprehensive

lain (287.890.856) 480.432.024 income

TOTAL PENGHASILAN KOMPREHENSIF TOTAL COMPREHENSIVE

PERIODE BERJALAN 443.201.237 2.302.155.783 INCOMEFOR THE PERIOD

Laba periode berjalan yang dapat

diatribusikan kepada: Profit for the period attributable to:

Pemilik Entitas Induk 331.163.964 1.447.931.478 Owners of the Parent Entity

Kepentingan Nonpengendali 399.928.129 373.792.281 Non-controlling Interests

731.092.093 1.821.723.759

Total penghasilan komprehensif periode berjalan Total comprehensiveincome

yang dapat diatribusikan kepada: for the period attributable to:

Pemilik Entitas Induk 43.932.536 1.925.817.014 Owners of the Parent Entity

Kepentingan Nonpengendali 399.268.701 376.338.769 Non-controlling Interests

443.201.237 2.302.155.783

Laba per Saham yang Dapat Earnings per Share

Diatribusikan kepada Pemilik Attributable toOwners of the

Entitas Induk (angka penuh) 2s,35 Parent Entity (full amount)

Laba periode berjalan 58,72 256,72 Profit for the period

Laba dari operasi Profit from

yang dilanjutkan - 256,67 continuing operations

Laba dari operasi Profit from

Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan.

The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements taken as a whole.

5 Ekuitas yang Dapat Diatribusikan kepada Pemilik Entitas Induk/

Equity Attributable to Owners of the Parent Entity

Selisih

Transaksi

dengan Pihak Saldo Laba/

Modal Saham Nonpengendali/ Retained Earnings Pendapatan

Ditempatkan dan Difference in value Komprehensif

Disetor Penuh/ Tambahan of Transactions Telah Belum Lainnya/ Kepentingan

Issued and Modal Disetor/ with Non- Ditentukan Ditentukan Other Nonpengendali/

Catatan/ Fully Paid Additional Controlling Penggunaannya/ Penggunaannya/ Comprehensive Total/ Non-controlling Jumlah Ekuitas/

Notes Share Capital Paid-in Capital Interests Appropriated Unappropriated Income Total Interests Total Equity

Saldo 31 Desember 2014 1.128.006.488 2.068.557.276 8.488.732.727 8.000.000 2.193.855.631 77.192.527 13.964.344.649 2.338.467.818 16.302.812.467 Balace as of December 31, 2014

Penerbitan modal saham - entitas anak - - (37 ) - - - (37 ) 37 - Issuance of share capital - subsidiaries

Pendirian entitas anak baru - - - - - - - 3.300 3.300 Establishment of new subsidiaries

Penjualan kepemilikan pada Disposal of interest

entitas anak yangmengakibatkan in subsidiaries with

hilangnya pengendalian - - - - - - - (508.060.324 ) (508.060.324 ) loss of control

Pembagian dividen kas - Perusahaan 29 - - - - (1.974.011.355) - (1.974.011.355 ) - (1.974.011.355 ) Cash dividends declared - Company

Pembagian dividen kas - Entitas anak - - - - - - - (392.003.835 ) (392.003.835 ) Cash dividends declared - Subsidiaries

Pembentukan cadangan umum 29 - - - 1.000.000 (1.000.000) - - - - Appropriation for general reserve

Total laba periode berjalan - - - - 1.447.931.478 477.885.536 1.925.817.014 376.338.769 2.302.155.783 Total income for the period

Saldo 30 September 2015 1.128.006.488 2.068.557.276 8.488.732.690 9.000.000 1.666.775.754 555.078.063 13.916.150.271 1.814.745.765 15.730.896.036 Balance as of September 30, 2015

Saldo 31 Desember 2015 1.128.006.488 2.068.557.276 8.488.732.655 9.000.000 1.324.753.697 703.167.630 13.722.217.746 1.666.913.440 15.389.131.186 Balance as of December 31, 2015

Penerbitan modal saham - entitas anak - - (122 ) - - - (122 ) 122 - Issuance of share capital - subsidiaries

Penjualan sebagian kepemilikan pada

entitas anak yang Partial disposal of interest

tidak mengakibatkan in subsidiaries without

hilangnya pengendalian 28 - - 651.051.745 - - - 651.051.745 63.356.616 714.408.361 loss of control

Kepentingan nonpengendali dari Non-controlling interests from

akuisisi entitas anak 28 - - - - - - - 14.736.714 14.736.714 acquisition of subsidiaries

Pembagian dividen kas - Perusahaan 29 - - - - (282.001.622) - (282.001.622 ) - (282.001.622 ) Cash dividends declared - Company

Pembagian dividen kas - Entitas anak - - - - - - - (157.394.522 ) (157.394.522 ) Cash dividends declared - Subsidiaries

Kepentingan nonpengendali - - - - - - - (2.176.000 ) (2.176.000 ) Non- controlling interests

Pembentukan cadangan umum 29 - - - 1.000.000 (1.000.000) - - Appropriation for general reserve

Total laba periode berjalan - - - - 331.163.964 (287.231.428 ) 43.932.536 399.268.701 443.201.237 Total income for the period

Saldo 30 September 2016 1.128.006.488 2.068.557.276 9.139.784.278 10.000.000 1.372.916.039 415.936.202 14.135.200.283 1.984.705.071 16.119.905.354 Balance as of September 30, 2016

Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasian

secara keseluruhan.

The accompanying notes to the consolidated financial statements form an integral part of these consolidated

financial statements taken as a whole.

Catatan/

Notes 2016 2015

ARUS KAS DARI AKTIVITAS CASH FLOWS FROM

OPERASI OPERATING ACTIVITIES

Penerimaan kas dari pelanggan 4.968.705.944 4.764.362.468 Cash receipts from customers

Pembayaran kepada pemasok Payments to suppliers

dan karyawan (3.927.795.335) (3.469.675.407) and employees

Kas yang dihasilkan dari operasi 1.040.910.609 1.294.687.061 Cash generated from operations

Pendapatan keuangan 175.022.416 311.057.480 Finance income

Pembayaran pajak penghasilan - neto (477.724.718) (373.721.939) Payment of income tax – net

Kas Neto yang Diperoleh dari Net Cash Provided by

Aktivitas Operasi 738.208.307 1.232.022.602 Operating Activities

ARUS KAS DARI AKTIVITAS CASH FLOWS FROM

INVESTASI INVESTING ACTIVITIES

Penjualan kepemilikan saham dengan Sale of ownership interest

hilangnya pengendalian - 269.354.671 with loss of control

Penerimaan dividen kas - neto 9.574.460 2.191.496 Cash dividend received - net

Penerimaan pelunasan Repayment of

pinjaman pihak ketiga 5.500.000 - loan from third party

Penerimaan dari kepentingan Proceeds from

nonpengendali - 3.300 non-controlling interests

Hasil penjualan aset tetap 10 1.467.712 1.424.325 Proceeds from sale of fixed assets

Penerimaan dari penjualan Proceeds from sale of

investasi jangka panjang 95.734.192 - long-term investments

Perolehan aset tetap 10 (146.272.504) (282.287.634) Acquisition of fixed assets

Investasi pada entitas asosiasi Investment in associated company

dan investasi jangka panjang 1c (624.791.639) (697.058.039) and long-term investments

Uang muka perolehan Advances for acquisition

aset tetap (43.059.668) (236.174) of fixed assets

Perolehan perangkat lunak Acquisition of software

dan aset takberwujud (466.908.186) (61.406.517) and intangible assets

Pemberian pinjaman kepada

pihak berelasi (4.150.000) - Providing loan to related party

Hasil (penempatan) investasi Proceeds (placement) in short-term

jangka pendek (4.010.015.244) 87.860.549 investment

Investasi pada entitas anak, Investment in subsidiaries,

setelah dikurangi kas dan setara kas net of cash and cash equivalents

yang diperoleh (109.195.853) - acquired

Kas Neto yang Digunakan untuk Net Cash Used in

Aktivitas Investasi (5.292.116.730) (679.924.023) Investing Activities

ARUS KAS DARI AKTIVITAS CASH FLOWS FROM

PENDANAAN FINANCING ACTIVITIES

Penjualan kepemilikan saham Sale of ownership interest

Tanpa hilangnya pengendalian 714.408.361 - without loss of control

Penerimaan pinjaman 27.237.014 52.720.852 Proceeds from loans

Pembayaran dividen kas kepada Payments of cash dividends to

pemegang saham Perusahaan the Company’s shareholders

dan pemegang saham and subsidiaries’

nonpengendali entitas anak (440.866.136) (2.366.015.190) non-controlling shareholders

Pembayaran pinjaman (8.971.508) (1.134.541.535) Payments of loans

Pembayaran bunga dan Payments of interest and

Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasian

secara keseluruhan.

The accompanying notes to the consolidated financial statements form an integral part of these consolidated

financial statements taken as a whole. Periode Sembilan Bulan yang Berakhir

pada Tanggal 30 September /

Nine-month Period Ended September 30

Catatan/

Notes 2016 2015

ARUS KAS DARI AKTIVITAS CASH FLOWS FROM

PENDANAAN FINANCING ACTIVITIES

(LANJUTAN) (CONTINUED)

Pembayaran utang Payments of finance

sewa pembiayaan (1.621.028) (2.090.559) lease payable

Penerimaan obligasi konversi - 21.985.500 Proceed of convertible bonds

Kas Neto yang Diperoleh dari Net Cash Provided by (Used in)

(Digunakan Untuk) Aktivitas Pendanaan 271.951.317 (3.469.797.656) Financing Activities

PENURUNAN NETO NET DECREASE IN

KAS DAN SETARA KAS (4.281.957.106) (2.917.699.077) CASH AND CASH EQUIVALENTS

Effect of changes in foreign

Efek perubahan kurs mata uang asing exchange rates on

terhadap kas dan setara kas (241.978.272) 729.439.638 cash and cash equivalents

Kas dan setara kas Cash and cash equivalents

awal periode dari at beginning of the period

operasi yang dihentikan - (50.602.819) from discontinued operation

KAS DAN SETARA KAS AWAL CASH AND CASH EQUIVALENTS

PERIODE 4 7.699.640.184 10.636.445.048 AT BEGINNING OF THE PERIOD

KAS DAN SETARA KAS AKHIR CASH AND CASH EQUIVALENTS

PERIODE 4 3.175.704.806 8.397.582.790 AT END OF THE PERIOD

8

a. Pendirian Perusahaan a. Establishment of the Company PT Elang Mahkota Teknologi Tbk

(“Perusahaan”) didirikan berdasarkan Akta Notaris Soetomo Ramelan, S.H., No. 7 tanggal 3 Agustus 1983. Akta pendirian ini telah disahkan oleh Menteri Kehakiman Republik Indonesia dalam Surat Keputusan No. C2-1773.HT. 01.01.TH.84 tanggal 15 Maret 1984 serta diumumkan dalam Berita Negara No. 13 Tambahan No. 675 tanggal 14 Februari 1997.

PT Elang Mahkota Teknologi Tbk

(the “Company”) was established based on

Notarial Deed No. 7 dated August 3, 1983 of Soetomo Ramelan, S.H. The Deed of Establishment was approved by the Ministry of Justice of the Republic of Indonesia in its Decision Letter No. C2-1773.HT.01.01.TH.84 dated March 15, 1984 and was published in Supplement No. 675 of the State Gazette No. 13 dated February 14, 1997.

Anggaran Dasar Perusahaan telah mengalami beberapa kali perubahan. Perubahan terakhir adalah melalui Akta Notaris No. 18 tanggal 18 Mei 2015 yang dibuat dihadapan Chandra Lim, S.H., LL.M. dan telah disahkan oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dengan Surat Keputusan No. AHU-3506771.AH.01.11. Tahun 2015 tanggal 20 Mei 2015.

The Company’s Articles of Association have

been amended several times. The latest amendment is through Notarial Deed No. 18 dated May 18, 2015 of Chandra Lim, S.H., LL.M. and was approved by the Ministry of Law and Human Rights of the Republic of

Indonesia in its Decision Letter

No. AHU-3506771.AH.01.11. Tahun 2015 dated May 20, 2015.

Perusahaan berkedudukan di SCTV Tower lantai 18, Senayan City, Jl. Asia Afrika Lot 19, Jakarta. Kegiatan utama Perusahaan seperti tertera di dalam Anggaran Dasar adalah di bidang jasa (terutama dalam bidang penyediaan jasa teknologi, media dan telekomunikasi), perdagangan, pembangunan dan industri. Perusahaan memulai aktivitas secara komersial di tahun 1984. Saat ini aktivitas Perusahaan bergerak dalam segmen media, segmen solusi dan lain-lain melalui penyertaan saham pada beberapa entitas anak.

The Company is domiciled in SCTV Tower

18th floor, Senayan City, Jl. Asia Afrika Lot 19,

Jakarta. In accordance with its Articles of Association, the Company is engaged in services (principally in providing technology, media, and telecommunication services), trading, construction and industry. The Company started its commercial operation in 1984. Currently, the Company is engaged in media, solution and other business segments

through its investments in several

subsidiaries.

b. Penawaran Umum Saham Perusahaan b. Public Offering of the Company’s Shares Dalam rangka penawaran umum perdana

saham Perusahaan, Perusahaan memperoleh Surat Pernyataan Efektif No. S-11110/BL/2009 tertanggal 30 Desember 2009 dari Ketua Badan Pengawas Pasar Modal dan Lembaga

Keuangan (“BAPEPAM-LK”) (sekarang Otoritas Jasa Keuangan atau “OJK”) untuk melakukan penawaran umum perdana sebanyak 512.730.000 saham dengan nilai nominal Rp200 (angka penuh) per saham pada harga penawaran sebesar Rp720 (angka penuh) per saham.

In relation to the initial public offering of the

Company’s shares, the Company obtained

the Effective Statement Letter

No. S-11110/BL/2009 dated December 30, 2009 from the Chairman of Capital Market and Financial Institutions Supervisory Agency

(“BAPEPAM-LK”) (currently the Financial

Services Authority or “OJK”) to conduct an

initial public offering of 512,730,000 shares to the public with par value of Rp200 (full amount) per share at an offering price of Rp720 (full amount) per share.

1. UMUM (lanjutan) 1. GENERAL (continued) b. Penawaran Umum Saham Perusahaan

(lanjutan)

b. Public Offering of the Company’s Shares (continued)

Saham yang ditawarkan ke masyarakat pada saat penawaran umum perdana terdiri dari:

The shares offered to public at initial public offering consist of:

 256.365.000 saham berasal dari saham baru yang diterbitkan Perusahaan.

 256,365,000 shares from new shares to

be issued by the Company.

 256.365.000 berasal dari saham yang dimiliki para pemegang saham pendiri yaitu Rd. Eddy Kusnadi Sariaatmadja, Ir. Susanto Suwarto, Piet Yaury, Rd. Fofo Sariaatmadja, Budi Harianto dan Darwin W. Sariaatmadja.

 256,365,000 shares from the shares

owned by the founders i.e., Rd. Eddy

Kusnadi Sariaatmadja, Ir. Susanto

Suwarto, Piet Yaury, Rd. Fofo

Sariaatmadja, Budi Harianto and Darwin W. Sariaatmadja.

Efektif tanggal 12 Januari 2010, saham Perusahaan telah dicatatkan di Bursa Efek Indonesia. Pada saat Penawaran Umum Perusahaan, waran yang disajikan sebagai uang muka pemesanan saham sebesar Rp1.536.678.188 telah dikonversi menjadi 1.729.182.720 saham.

Effective on January 12, 2010, the

Company’s shares have been listed on the

Indonesia Stock Exchange. At the Company’s

Public Offering, the warrants presented as advance for future stock subscriptions amounting to Rp1,536,678,188 have been converted to 1,729,182,720 shares.

Selanjutnya, pada tanggal 19 Desember 2011, Perusahaan telah melaksanakan Penambahan Modal Tanpa Hak Memesan Efek Terlebih Dahulu dengan mengeluarkan saham baru sebanyak 512.730.222 saham dengan harga pelaksanaan sebesar Rp1.603,98 (angka penuh) per saham.

Furthermore, on December 19, 2011, the Company conducted Non-Preemptive Rights Issue by issuing 512,730,222 shares with exercise price of Rp1,603.98 (full amount) per share.

c. Struktur Kelompok Usaha c. Group Structure Rincian entitas anak pada tanggal 30

September 2016 dan 31 Desember 2015 adalah sebagai berikut:

The details of the subsidiaries as of September 30, 2016 and December 31, 2015 are as follows:

Entitas Anak dan Domisili/

Subsidiaries and Domicile

Aktivitas Utama/ Main Activities Tahun Operasi/ Start of Operation Persentase Kepemilikan/

Percentage of Ownership

Jumlah Aset (Sebelum Eliminasi)/

Total Assets (Before Elimination)

30 September 2016/

September 30, 2016

31 Desember 2015/

December 31, 2015

30 September 2016/

September 30, 2016

31 Desember 2015/

December 31, 2015

Kepemilikan Langsung/Direct Ownership PT Surya Citra Media Tbk

(SCM), Jakarta

Penyiaran televisi/

Television broadcasting 2002 60,33 61,80 5.334.395.010

3) _{4.565.963.576} 3)

PT Kreatif Media Karya (KMK), Jakarta

Media online/

Online media 2012 99,99 99,99 3.554.138.250

3) _399.654.0433)

PT Elang Medika Corpora (EMC), Jakarta

Perdagangan dan jasa/ Trading and services

2) _{99,99 99,99 847.240.780}3) _436.219.012 3)

PT Abhimata Citra Abadi (ACA), Jakarta

Perdagangan dan jasa telekomunikasi/Trading and telecommunication service

1991 99,99 99,99 406.331.886 3) 300.242.4903)

PT Tangara Mitrakom (TM), Jakarta

Jasa telekomunikasi/ Telecommunication service

1999 92,00 92,00 222.075.414 212.018.201

PT Abhimata Persada (AP), Jakarta

Perdagangan dan jasa telekomunikasi/Trading and telecommunication service

1990 99,99 99,99 185.367.5393) _183.847.0323)

PT Mediatama Anugrah Citra (MAC), Jakarta

Siaran televisi berlangganan/Pay TV operator

2011 99,99 99,99 182.009.8743) _238.988.4603)

2) _{Dalam tahap pra-operasi/In pre-operating stage.}

10

c. Struktur Kelompok Usaha (lanjutan) c. Group Structure (continued) Rincian entitas anak pada tanggal 30

September 2016 dan 31 Desember 2015 adalah sebagai berikut: (lanjutan)

The details of the subsidiaries as of September 30, 2016 and December 31, 2015 are as follows: (continued)

Entitas Anak dan Domisili/

Subsidiaries and Domicile

Aktivitas Utama/ Main Activities Tahun Operasi/ Start of Operation Persentase Kepemilikan/

Percentage of Ownership

Jumlah Aset (Sebelum Eliminasi)/

Total Assets (Before Elimination)

30 September 2016/

September 30, 2016

31 Desember 2015/

December 31, 2015

30 September 2016/

September 30, 2016

31 Desember 2015/

December 31, 2015

Kepemilikan Langsung (lanjutan)/Direct Ownership (continued) PT Indosurya Menara

Bersama (ISMB), Jakarta

Jasa penyediaan sewa tower/Tower lease services

2011 60,00 60,00 171.127.784 173.562.268

PT Elang Cakra Arena (ECA), Jakarta

Jasa impresariat/ Impresario services

2) _{99,93 99,93 119.675.963 839.534}

PT Global Kencana Propertindo (GKCP), Jakarta

Perdagangan dan jasa / Trading and services

2015 99,99 99,99 111.179.267 110.038.222

PT Sakalaguna Semesta (SS), Jakarta

Perdagangan dan jasa telekomunikasi/ Trading and telecommunication service

2003 50,96 50,96 83.401.800 46.606.103

PT Omni Intivision (Omni), Jakarta

Penyiaran televisi/

Television broadcasting 2004 99,99 99,99 82.391.892

3) _81.492.8953)

PT Binary Ventura Indonesia

(BVI), Jakarta Perdagangan/Trading

2) _{98,04 98,04 82.030.607}3 _50.963

PT Global Kriya Propertindo (GKP), Jakarta

Perdagangan dan jasa/ Trading and services

2) _{99,99 99,99 70.784.017 70.515.689}

PT Elang Persada Teknologi (EPT), Jakarta

Perdagangan dan jasa /Trading and service

2) _{99,99 - 58.351.077 -}

PT Elang Prima Retailindo (EPR), Jakarta

Perdagangan dan Jasa Teknologi Informasi/Trading

and Information

Technology Service

2015 99,90 99,90 33.485.563 21.224.489

PT Elang Graha Propertindo

(EGP), Jakarta Perdagangan/Trading 2003 85,62 85,62 27.929.818 25.845.416 PT Elang Media Visitama

(EMV), Jakarta Perdagangan/Trading 2015 99,99 99,99 26.484.256 26.604.367

PT Abhimata Mediatama (AM), Jakarta 1)

Jasa teknologi informasi/ Information technology service

2002 99,99 99,99 6.621.600 6.331.643

PT Ekaprasarana Primatel (EP), Jakarta

Perdagangan dan jasa telekomunikasi/ Trading and telecommunication service

1995 79,95 79,95 3.522.605 4.299.205

PT Bitnet Komunikasindo (Bitnet), Jakarta

Jasa teknologi informasi/ Information technology

service

1996 99,99 99,99 2.697.171 2.857.186

PT Elang Karya Persada (EKP), Jakarta

Perdagangan dan jasa /Trading and service

2) _{99,96 - 234.890 -}

PT Astika Gerbang Timur (AGT), Jakarta

Perdagangan dan jasa telekomunikasi/Tradi ng and

telecommunication service

2004 99,90 99,90 219.068 228.961

Kepemilikan Tidak Langsung Melalui SCM/Indirect Ownership Through SCM PT Surya Citra Televisi

(SCTV), Jakarta

Penyiaran televisi/

Television broadcasting 1993 99,99 99,99 2.256.723.645

3) _{2.066.276.671}3)

PT Indosiar Visual Mandiri (IVM), Jakarta

Penyiaran televisi/

Television broadcasting 1995 99,99 99,99 1.795.240.413

3) _{1.309.960.633}3)

PT Indonesia Entertainmen Grup (IEG), Jakarta

Jasa peralatan perfilman dan foto, periklanan dan multimedia/ film and photo equipment services, advertising and multimedia

2015 100,004) _100,004) _{856.837.882 803.318.203}

1) _{Perusahaan sudah tidak beroprasi/Dormant company} 2)

Dalam tahap pra-operasi/In pre-operating stage.

3) _{Total aset konsolidasian/Consolidated total assets.}

1. UMUM (lanjutan) 1. GENERAL (continued)

c. Struktur Kelompok Usaha (lanjutan) c. Group Structure (continued) Rincian entitas anak pada tanggal 30

September 2016 dan 31 Desember 2015 adalah sebagai berikut: (lanjutan)

The details of the subsidiaries as of September 30, 2016 and December 31, 2015 are as follows: (continued)

Entitas Anak dan Domisili/

Subsidiaries and Domicile

Aktivitas Utama/ Main Activities Tahun Operasi/ Start of Operation Persentase Kepemilikan/

Percentage of Ownership

Jumlah Aset (Sebelum Eliminasi)/

Total Assets (Before Elimination)

30 September 2016/

September 30, 2016

31 Desember 2015/

December 31, 2015

30 September 2016/

September 30, 2016

31 Desember 2015/

December 31, 2015

Kepemilikan Tidak Langsung Melalui SCM (lanjutan)/Indirect Ownership Through SCM (continued)

PT Indonesia Entertainmen Studio (IES), Jakarta

Jasa pengelolaan dan penyewaan studio penyiaran dan produksi film dan multimedia/ management services and lease of broadcasting and film studios and multimedia

2) _{99,99 99,99 755.651.852 744.463.679}

PT Indonesia Entertainmen Produksi (IEP),Jakarta

Jasa pengelolaan dan produksi konten, hiburan dan multimedia/ contents, entertainment and multimedia management and production services

2) _{99,99 99,99 268.948.696 81.543.020}

PT Screenplay Produksi (SCP), Jakarta

Rumah produksi/

Production house 2010 51,00 51,00 67.613.420 80.151.187

PT Amanah Surga Produksi (ASP), Jakarta

Rumah produksi/

Production house 2012 70,00 70,00 57.884.643 81.062.485

PT Animasi Kartun Indonesia (AKI),

Jakarta5) Rumah produksi/ _{Production house} 2012 50,10 50,10 26.305.262 24.649.177

PT Screenplay Sinema Film (SSF), Jakarta

Rumah produksi/

Production house 2015 51,00 - 28.052.802 -

PT Surya Citra Dinamika, Jakarta

Penyiaran televisi/ Television broadcasting

2) _{99,80 99,80 13.861.747 13.854.211}

PT Digital Rantai Maya (DRM), Jakarta

Manajemen artis/Artist

management 2015 70,00 - 9.541.929 -

PT Surya Trioptima Multikreasi (STMK), Jakarta

Manajemen artis/Artist management

2014 60,00 60,00 5.850.192 4.617.071

PT Elang Media Karya (EMK), Jakarta

Perdagangan dan jasa/ Trading and services

2) _{99,99 - 5.000.000 -}

PT Indosiar Bandung Televisi, Bandung

Penyiaran televisi/ Television broadcasting

2) _{100,00 100,00 1.000.000 1.000.000}

PT Indosiar Surabaya Televisi, Surabaya

Penyiaran televisi/ Television broadcasting

2) _{100,00 100,00 1.000.000 1.000.000}

PT Indosiar Medan Televisi, Medan

Penyiaran televisi/ Television broadcasting

2) _{90,00 90,00 1.000.000 1.000.000}

PT Indosiar Padang Televisi, Padang

Penyiaran televisi/ Television broadcasting

2) _{90,00 90,00 1.000.000 1.000.000}

PT Indosiar Pekanbaru Televisi, Pekanbaru

Penyiaran televisi/ Television broadcasting

2)

90,00 90,00 1.000.000 1.000.000

PT Indosiar Jambi Televisi, Jambi

Penyiaran televisi/ Television broadcasting

2) _{90,00 90,00 1.000.000 1.000.000}

PT Indosiar Palembang Televisi, Palembang

Penyiaran televisi/ Television broadcasting

2) _{90,00 90,00 1.000.000 1.000.000}

PT Indosiar Bengkulu Televisi, Bengkulu

Penyiaran televisi/ Television broadcasting

2)

90,00 90,00 1.000.000 1.000.000

PT Indosiar Lampung Televisi, Lampung

Penyiaran televisi/ Television broadcasting

2) _{90,00 90,00 1.000.000 1.000.000}

PT Indosiar Ambon Televisi, Ambon

Penyiaran televisi/ Television broadcasting

2) _{90,00 90,00 1.000.000 1.000.000}

PT Indosiar Jayapura Televisi, Jayapura

Penyiaran televisi/ Television broadcasting

2) _{90,00 90,00 1.000.000 1.000.000}

PT Indosiar Kupang Televisi, Kupang

Penyiaran televisi/ Television broadcasting

2) _{90,00 90,00 1.000.000 1.000.000}

PT Indosiar Lintas Yogya Televisi, Yogyakarta

Penyiaran televisi/ Television broadcasting

2) _{90,00 90,00 1.000.000 1.000.000}

PT Indosiar Batam Televisi, Batam

Penyiaran televisi/ Television broadcasting

2) _{90,00 90,00 1.000.000 1.000.000}

PT Indosiar Pangkalpinang Televisi, Pangkalpinang

Penyiaran televisi/ Television broadcasting

2)

90,00 90,00 1.000.000 1.000.000

PT Indosiar Semarang Televisi, Semarang

Penyiaran televisi/ Television broadcasting

2) _{90,00 90,00 999.811 999.481}

PT Indosiar Lontara Televisi, Makassar

Penyiaran televisi/ Television broadcasting

2) _{90,00 90,00 999.744 999.413}

PT Indosiar Manado Televisi, Manado

Penyiaran televisi/ Television broadcasting

2) _{90,00 90,00 999.379 999.049}

PT Indosiar Banjarmasin Televisi, Banjarmasin

Penyiaran televisi/ Television broadcasting

2) _{90,00 90,00 999.133 998.803}

2) _{Dalam tahap pra operasi/In pre-operating stage}

12

c. Struktur Kelompok Usaha (lanjutan) c. Group Structure (continued) Rincian entitas anak pada tanggal 30

September 2016 dan 31 Desember 2015 adalah sebagai berikut: (lanjutan)

The details of the subsidiaries as of September 30, 2016 and December 31, 2015 are as follows: (continued)

Entitas Anak dan Domisili/

Subsidiaries and Domicile

Aktivitas Utama/ Main Activities Tahun Operasi/ Start of Operation Persentase Kepemilikan/

Percentage of Ownership

Jumlah Aset (Sebelum Eliminasi)/

Total Assets (Before Elimination)

30 September 2016/

September 30, 2016

31 Desember 2015/

December 31, 2015

30 September 2016/

September 30, 2016

31 Desember 2015/

December 31, 2015

Kepemilikan Tidak Langsung Melalui SCM (lanjutan)/Indirect Ownership Through SCM (continued) PT Indosiar Balikpapan

Televisi, Balikpapan

Penyiaran televisi/ Television broadcasting

2) _{90,00 90,00 998.979 998.649}

PT Indosiar Pontianak Televisi, Pontianak

Penyiaran televisi/ Television broadcasting

2) _{90,00 90,00 997.989 997.659}

PT Indosiar Dewata Televisi, Bali

Penyiaran televisi/ Television broadcasting

2) _{90,00 90,00 997.118 996.788}

PT Surya Citra Visi Media, Medan

Penyiaran televisi/ Television broadcasting

2) _{90,00 90,00 601.691 572.007}

PT Surya Citra Ceria, Palembang

Penyiaran televisi/ Television broadcasting

2)

90,00 90,00 600.871 572.966

PT Surya Citra Media Kreasi, Denpasar

Penyiaran televisi/ Television broadcasting

2) _{90,00 90,00 594.842 560.744}

PT Surya Citra Kreasitama, Manado

Penyiaran televisi/ Television broadcasting

2) _{90,00 90,00 593.074 558.335}

PT Surya Citra Pesona Media, Batam

Penyiaran televisi/ Television broadcasting

2) _{90,00 90,00 588.253 552.534}

PT Surya Citra Mediatama, Bandung

Penyiaran televisi/ Television broadcasting

2) _{90,00 90,00 587.268 580.545}

PT Surya Citra Wisesa, Semarang

Penyiaran televisi/ Television broadcasting

2) _{90,00 90,00 585.312 559.297}

PT Surya Citra Dimensi Media, Makassar

Penyiaran televisi/ Television broadcasting

2) _{90,00 90,00 585.271 560.984}

PT Surya Citra Multikreasi, Banjarmasin

Penyiaran televisi/ Television broadcasting

2) _{90,00 90,00 584.068 559.147}

PT Surya Citra Pesona, Gorontalo

Penyiaran televisi/ Television broadcasting

2) _{100,00 100,00 581.655 568.901}

PT Surya Citra

Cendrawasih, Jayapura

Penyiaran televisi/ Television broadcasting

2) _{90,00 90,00 579.252 559.428}

PT Surya Citra Media Gemilang, Palangkaraya

Penyiaran televisi/ Television broadcasting

2) _{90,00 90,00 575.978 555.137}

PT Surya Citra Kirana, Bengkulu

Penyiaran televisi/ Television broadcasting

2) _{90,00 90,00 572.126 560.127}

PT Surya Citra Sentosa, Aceh

Penyiaran televisi/ Television broadcasting

2) _{90,00 90,00 551.301 541.201}

PT Surya Citra Nugraha, Yogyakarta

Penyiaran televisi/ Television broadcasting

2) _{90,00 90,00 551.058 544.040}

PT Elang Citra Perkasa, Surabaya

Penyiaran televisi/ Television broadcasting

2)

90,00 90,00 540.641 538.833

PT Bangka Tele Vision, Bangka

Penyiaran televisi/ Television broadcasting

2) _{100,00 100,00 106.274 180.364}

PT Surya Citra Gelora (SCG), Jakarta

Jasa manajemen sepakbola, hiburan dan periklanan/Media and soccer management, entertainment and advertising services

2) _{99,99 99,99 2.000 2.000}

Kepemilikan Tidak Langsung Melalui MAC/Indirect Ownership Through MAC PT Mediatama Citra

Borobudur (MCB), Yogyakarta

Siaran televisi berlangganan/Pay TV operator

2) _{99,96 99,96 63.218 63.218}

PT Mediatama Citra Abadi (MCA), Jakarta

Siaran televisi berlangganan/Pay TV operator

2) _{99,98 99,98 60.438 7.458}

PT Mediatama Citra Parahyangan (MCP),

Bandung

Siaran televisi berlangganan/Pay TV operator

2) _{99,96 99,96 31.177 31.177}

PT Mediatama Citra Medan (MCMedan), Medan

Siaran televisi berlangganan/Pay TV operator

2) _{99,96 99,96 21.633 21.633}

PT Mediatama Citra Surya (MCS), Surabaya

Siaran televisi berlangganan/Pay TV operator

2) _{99,96 99,96 17.042 17.042}

PT Mediatama Citra Dewata (MCD), Bali

Siaran televisi berlangganan/Pay TV operator

2) _{99,96 99,96 5.187 5.187}

PT Mediatama Citra Mekar (MCM), Makassar

Siaran televisi berlangganan/Pay TV operator

2)

99,96 99,96 - -

2)

13

1. UMUM (lanjutan) 1. GENERAL (continued)

c. Struktur Kelompok Usaha (lanjutan) c. Group Structure (continued) Rincian entitas anak pada tanggal 30

September 2016 dan 31 Desember 2015 adalah sebagai berikut: (lanjutan)

The details of the subsidiaries as of September 30, 2016 and December 31, 2015 are as follows: (continued)

Entitas Anak dan Domisili/

Subsidiaries and Domicile

Aktivitas Utama/ Main Activities Tahun Operasi/ Start of Operation Persentase Kepemilikan/

Percentage of Ownership

Jumlah Aset (Sebelum Eliminasi)/

Total Assets (Before Elimination)

30 September 2016/

September 30, 2016

31 Desember 2015/

December 31, 2015

30 September 2016/ September 30, 2016

31 Desember 2015/

December 31, 2015

Kepemilikan Tidak Langsung Melalui AP/Indirect Ownership Through AP PT Indopay Merchant

Services (IMS), Jakarta

Perdagangan dan jasa telekomunikasi/Trading and telecommunication service

2000 99,99 99,99 14.706.932 18.686.298

Kepemilikan Tidak Langsung Melalui ACA/Indirect Ownership Through ACA PT Rintis Lingkar Nusantara

(RLN), Jakarta

Perdagangan dan jasa telekomunikasi/Trading and telecommunication service

2009 99,96 99,96 153.914 153.951

Kepemilikan Tidak Langsung Melalui KMK/Indirect Ownership Through KMK Creative Media Works Pte.

Ltd., Singapura Portal web/Web portals 2016 100,00 - 3.053.267.323 -

PT Reservasi Global Digital,

Jakarta Pariwisata/Tourism 2015 99,99 99,99 49.769.124 63.719.782

PT Karir Komunika Pratama, Jakarta

Portal lowongan kerja/Job

listing portal 2014 99,99 99,99 11.765.304 11.090.975

CMW Social Networking Ltd., Kanada

Jaringan sosial/ Social

Networking 2016 100,00 - 6.567.327 -

PT Visual Indomedia Produksi , Jakarta

Multimedia dan konten/

Multimedia and content 2015 99,99 99,99 3.643.248 728.642

PT Hipermedia Kreatif Indonesia , Jakarta

Multimedia dan periklanan digital/Multimedia and digital advertising

2015 51,00 51,00 1.234.632 3.195.819

PT Pariwara Digital Media , Jakarta

Multimedia dan periklanan digital/Multimedia and digital advertising

2) _{99,75 - 400.000 -}

Kepemilikan Tidak Langsung Melalui EMC/Indirect Ownership Through EMC PT Pertamedika Sentul

(PS), Bogor

Jasa kesehatan/Medical

services 2013 65,00 65,00 283.761.432 296.490.072

PT Surya Cipta Medika

(SCMed), Jakarta 6) Jasa kesehatan/_services Medical 2013 66,67 - 248.986.8773 -

PT Graha Mitra Insani (GMI), Jakarta

Jasa kesehatan/Medical

services 2013 99,90 - 172.032.557 -

PT Surya Mitra Insani (SMI), Jakarta

Jasa kesehatan/Medical

services 2013 99,90 - 81.429.329 -

PT Sentul Investindo (SI), Bogor

Perdagangan alat kesehatan/Trading of medical equipment

2011 61,51 61,51 20.432.294 104.026.167

Kepemilikan Tidak Langsung Melalui BVI/Indirect Ownership Through BVI PT Estha Yudha Ekatama

(EYE), Jakarta

Media periklanan luar ruangan/Outdoor media advertising

2016 66,67 - 75.757.739 -

Kepemilikan Tidak Langsung Melalui OMNI/Indirect Ownership Through OMNI PT Omni Intivision (OMNI),

Banjarmasin Penyiaran/Broadcasting

2) _{90,00 90,00 9.000.000 9.000.000}

PT Omni Intivision (OMNI),

Kencana Penyiaran/Broadcasting

2) _{90,00 90,00 9.000.000 9.000.000}

PT Omni Intivision (OMNI),

Parahyangan Penyiaran/Broadcasting

2) _{90,00 90,00 9.000.000 9.000.000}

PT Omni Intivision (OMNI),

Polonia Penyiaran/Broadcasting

2) _{90,00 90,00 225.000 225.000}

PT Omni Intivision (OMNI),

Yogyakarta Penyiaran/Broadcasting

2) _{- 90,00 - 9.000.000}

PT Omni Intivision (OMNI),

Makasar Penyiaran/Broadcasting

2) _{- 90,00 - 9.000.000}

PT Omni Intivision (OMNI),

Semarang Penyiaran/Broadcasting

2) _{- 90,00 - 1.125.000}

PT Omni Intivision (OMNI),

Surabaya Penyiaran/Broadcasting

2) _{- 90,00 - 225.000}

PT Omni Intivision (OMNI),

Palembang Penyiaran/Broadcasting 2) _{- 90,00 - 225.000}

2)_{Dalam tahap pra operasi/In pre-operating stage.} 3) _{Total aset konsolidasian/Consolidated total assets.} 6)

137 39. TUJUAN DAN KEBIJAKAN RISIKO MANAJEMEN

KEUANGAN (lanjutan)

39. FINANCIAL RISK MANAGEMENT OBJECTIVE AND POLICIES (continued)

Risiko kredit (lanjutan) Credit risk (continued) Eksposur maksimum atas risiko kredit tercermin dari

nilai tercatat setiap aset keuangan setelah dikurangi dengan penyisihan penurunan nilai pada laporan posisi keuangan konsolidasian adalah sebagai berikut:

The maximum exposure to credit risk is represented by the carrying amount of each financial asset in the consolidated statement of financial position after deducting any provision for impairment in value, as follows:

30 September 2016/ 31 Desember 2015/ September 30, 2016 December 31, 2015

Kas dan setara kas 3.175.704.806 7.699.640.184 Cash and cash equivalents

Aset keuangan lancar lainnya 4.086.726.235 75.395.278 Other current financial assets

Piutang usaha 1.843.761.982 1.464.274.552 Trade receivables

Piutang lain-lain 89.246.105 68.571.881 Other receivables

Investasi jangka panjang 1.712.668.591 1.806.957.489 Long-term investments

Aset tidak lancar lainnya - Other non-current assets -

jaminan 18.560.449 8.422.216 deposits

Total 10.926.668.168 11.123.261.600 Total

Risiko likuiditas Liquidity risk

Manajemen risiko likuiditas yang hati-hati berarti mempertahankan kas dan setara kas yang memadai untuk mendukung kegiatan bisnis secara tepat waktu. Kelompok Usaha memiliki saldo kas dan setara kas yang besar dan memonitor modal kerja secara ketat untuk memitigasi risiko likuiditas.

Prudent liquidity risk management implies maintaining sufficient cash and cash equivalents to support business activities on a timely basis. The Group has substantial cash and cash equivalents and monitors working capital closely to mitigate liquidity risk.

Pengelolaan risiko likuiditas dilakukan antara lain dengan memonitor profil jatuh tempo pinjaman dan sumber pendanaan, menjaga saldo kecukupan kas dan setara kas, serta memastikan tersedianya pendanaan berdasarkan kecukupan fasilitas kredit yang mengikat. Kemampuan Kelompok Usaha untuk mendanai kebutuhan pinjamannya dilakukan dengan cara mempertahankan sumber pendanaan yang terdiversifikasi, menjaga ketersediaan fasilitas pinjaman yang mengikat dari pemberi pinjaman yang handal serta terus memonitor perkiraan posisi kas dan utang yang dimiliki Kelompok Usaha dalam jangka pendek berdasarkan perkiraan arus kas. Selain itu, dilakukan proyeksi arus kas jangka panjang untuk membantu Kelompok Usaha dalam merencanakan kebutuhan pendanaan dalam jangka panjang.

Prudent liquidity risk management includes managing the profile of borrowing maturities and funding sources, maintaining sufficient cash and cash equivalents, and ensuring the availability of funding from an adequate amount of committed

credit facilities. The Group’s ability to fund its

borrowing requirements is managed by maintaining diversified funding sources with adequate committed funding lines from high quality lenders and by monitoring rolling short-term forecasts of the Group’s cash and gross debt on the basis of expected cash flows. In addition, long-term cash flows are projected to assist with

138 39. TUJUAN DAN KEBIJAKAN RISIKO MANAJEMEN

KEUANGAN (lanjutan)

39. FINANCIAL RISK MANAGEMENT OBJECTIVE AND POLICIES (continued)

Tabel berikut ini menunjukan profil jangka waktu pembayaran liabilitas Kelompok Usaha berdasarkan pembayaran dalam kontrak pada tanggal 30 September 2016 dan 31 Desember 2015.

The table below summarises the maturity profile of the Group’s financial liabilities based on contractual undiscounted payments as of September 30, 2016 and December 31, 2015. Akan jatuh tempo pada tahun/Expected maturity in year

2016 2017 2018 2019 2020-2021 Total

Pada As of

30 September 2016 September 30, 2016

Pinjaman jangka pendek - Short-term loans -

pihak ketiga 51.876.241 - - - - 51.876.241 third parties

Utang usaha - Trade payables

-pihak ketiga 477.878.859 - - - - 477.878.859 third parties

Utang dividen 10.733.726 - - - - 10.733.726 Dividends payable

Utang lain-lain - Other payables

-pihak ketiga 132.800.492 - - - - 132.800.492 third parties

Beban akrual 302.286.015 - - - - 302.286.015 Accrued expenses

Utang sewa pembiayaan 594.886 1.141.794 465.220 244.966 21.957 2.468.823 Finance lease payables

Obligasi konversi Convertible bonds

Pihak berelasi 63.800.000 - - - - 63.800.000 Related parties

Pihak ketiga - - - - 45.800.500 45.800.500 Third party

Pinjaman pihak berelasi 38.627.972 - - - - 38.627.972 Due to related parties

Pinjaman bank

jangka panjang 22.381.518 41.292.766 63.308.301 87.655.087 169.949.994 384.587.666 Long-term bank loans Utang jangka panjang

lainnya 129.980.000 462.151.111 433.266.667 469.372.222 1.047.061.111 2.541.831.111 Other long-term payable

Total 1.230.959.709 504.585.671 497.040.188 557.272.275 1.262.833.562 4.052.691.405 Total

Akan jatuh tempo pada tahun/Expected maturity in year

2016 2017 2018 2019 2020-2021 Total

Pada As of

31 Desember 2015 December 31, 2015

Pinjaman jangka pendek - Short-term loans -

pihak ketiga 33.992.202 - - - - 33.992.202 third parties

Utang usaha - Trade payables

-pihak ketiga 337.657.382 - - - - 337.657.382 third parties

Utang dividen 12.203.718 - - - - 12.203.718 Dividends payable

Utang lain-lain - Other payables

-pihak ketiga 108.072.564 - - - - 108.072.564 third parties

Beban akrual 210.644.918 - - - - 210.644.918 Accrued expenses

Utang sewa pembiayaan 2.271.895 1.044.062 396.086 193.565 - 3.905.608 Finance lease payables

Obligasi konversi Convertible bonds

Pihak berelasi 63.800.000 - - - - 63.800.000 Related parties

Pihak ketiga - - - - 45.800.500 45.800.500 Third party

Pinjaman pihak berelasi 26.385.453 - - - - 26.385.453 Due to related parties

Pinjaman bank

jangka panjang 24.841.606 23.308.391 33.667.676 44.026.962 92.893.745 218.738.380 Long-term bank loans

Total 819.869.738 24.352.453 34.063.762 44.220.527 138.649.245 1.061.200.725 Total

Pengelolaan Modal Capital Management

Tujuan utama pengelolaan modal Kelompok Usaha adalah untuk memastikan pemeliharaan rasio modal yang sehat untuk mendukung usaha dan memaksimalkan imbalan bagi pemegang saham.

The primary objective of the Group’s capital

management is to ensure that it maintains healthy capital ratios in order to support its business and maximize shareholder value.

Selain itu, Perusahaan dan entitas anak di Indonesia dipersyaratkan oleh Undang-undang Perseroan Terbatas No. 40 efektif tanggal 16 Agustus 2007 untuk mengkontribusikan sampai dengan 20% dari modal saham ditempatkan dan disetor penuh ke dalam dana cadangan yang tidak boleh didistribusikan. Persyaratan permodalan eksternal tersebut dipertimbangkan oleh Kelompok Usaha pada Rapat Umum Pemegang Saham.

In addition, the Company and subsidiaries in Indonesia are also required by the Corporate Law No. 40 which became effective on August 16, 2007 to contribute to and maintain a non-distributable reserve fund until the said reserve reaches 20% of the issued and fully paid share capital. This externally imposed capital requirement is considered by the Group at the

139 39. TUJUAN DAN KEBIJAKAN RISIKO MANAJEMEN

KEUANGAN (lanjutan)

39. FINANCIAL RISK MANAGEMENT OBJECTIVE AND POLICIES (continued)

Pengelolaan Modal (lanjutan) Capital Management (continued) Kelompok Usaha mengelola struktur permodalan

dan melakukan penyesuaian terhadap perubahan kondisi ekonomi. Untuk memelihara dan menyesuaikan struktur permodalan, Kelompok Usaha dapat menyesuaikan pembayaran dividen kepada pemegang saham, menerbitkan saham baru atau mengusahakan pendanaan melalui pinjaman. Tidak ada perubahan atas tujuan, kebijakan maupun proses selama periode sembilan bulan yang berakhir pada tanggal 30 September 2016 dan 2015.

The Group manages its capital structure and makes adjustments to it, in light of changes in economic conditions. To maintain or adjust the capital structure, the Group may adjust dividends policy, or issue new shares or raise debt financing. No changes were made to the objectives, policies or processes during the nine-month periods ended September 30, 2016 and 2015.

Kebijakan Kelompok Usaha adalah

mempertahankan struktur permodalan (utang dan ekuitas) yang sehat untuk mengamankan akses terhadap pendanaan pada biaya yang wajar.

The Group’s policy is to maintain a healthy capital structure (debt and equity) in order to secure access to financing at a reasonable cost.

40. INSTRUMEN KEUANGAN 40. FINANCIAL INSTRUMENTS

Tabel dibawah ini menyajikan perbandingan atas nilai tercatat dengan nilai wajar dari instrumen keuangan Kelompok Usaha yang tercatat dalam laporan keuangan konsolidasian:

The table below is a comparison by class of the carrying amounts and fair value of the Group financial instruments that are carried in the consolidated financial statements:

Nilai Tercatat/Carrying Value Nilai Wajar/Fair Value

30 Sep 2016/ 31 Des 2015/ 30 Sep 2016/ 31 Des 2015/

Sep 30, 2016 Dec 31, 2015 Sep 30, 2016 Dec 31, 2015

Aset Keuangan Financial Assets

Kas dan setara kas 3.175.704.806 7.699.640.184 3.175.704.806 7.699.640.184 Cash and cash equivalents

Aset keuangan lancar lainnya 4.086.726.235 75.395.278 4.086.726.235 75.395.278 Other current financial assets

Piutang usaha - neto 1.843.761.982 1.464.274.552 1.843.761.982 1.464.274.552 Trade receivables - net

Piutang lain-lain - neto 89.246.105 68.571.881 89.246.105 68.571.881 Other receivables - net

Investasi jangka panjang 1.712.668.591 1.806.957.489 1.712.668.591 1.806.957.489 Long-term investments

Aset tidak lancar lainnya 18.560.449 8.422.216 18.560.449 8.422.216 Other non-current assets

Total 10.926.668.168 11.123.261.600 10.926.668.168 11.123.261.600 Total

Liabilitas Keuangan Financial Liabilities

Pinjaman jangka pendek 51.876.241 33.992.202 51.876.241 33.992.202 Short-term loans

Utang usaha - pihak ketiga 477.878.859 337.657.382 477.878.859 337.657.382 Trade payables - third parties

Utang dividen 10.733.726 12.203.718 10.733.726 12.203.718 Dividends payable

Utang lain-lain - pihak ketiga 132.800.492 108.072.564 132.800.492 108.072.564 Other payables - third parties

Beban akrual 302.286.015 210.644.918 302.286.015 210.644.918 Accrued expenses

Obligasi konversi Convertible bonds

Pihak ketiga 45.800.500 45.800.500 31.624.590 30.620.586 Third parties

Pihak berelasi 63.800.000 63.800.000 63.230.706 61.522.826 Related parties

Pinjaman bank 384.587.666 218.738.380 384.587.666 218.738.380 Bank loans

Pinjaman pihak berelasi 38.627.972 26.385.453 38.627.972 26.385.453 Due to related parties

Utang sewa pembiayaan 2.468.823 3.905.608 2.468.823 3.905.608 Finance lease payables

Utang jangka panjang lainnya 2.541.831.111 - 2.493.098.041 - Other long-term payables

Total 4.052.691.405 1.061.200.725 3.989.213.131 1.043.743.637 Total

140

40. INSTRUMEN KEUANGAN (lanjutan) 40. FINANCIAL INSTRUMENTS (continued) Berikut metode dan asumsi yang digunakan untuk

estimasi nilai wajar:

The following methods and assumptions are used to estimate fair value:

 Nilai wajar aset dan liabilitas keuangan disajikan dalam jumlah di mana instrumen tersebut dapat dipertukarkan dalam transaksi kini antara pihak-pihak yang berkeinginan, bukan akibat kesulitan keuangan atau likuidasi yang dipaksakan.

 The fair value of financial assets and liabilities is presented at amounts at which the instruments can be exchanged in a current transaction between willing parties, which transaction is not the result of financial difficulties or a forced sale in a liquidation.  Nilai wajar untuk kas dan setara kas, aset

keuangan lancar lainnya - deposito berjangka, piutang usaha, piutang lain-lain, aset tidak lancar lainnya - jaminan sewa, pinjaman jangka pendek, utang usaha, utang dividen, utang lain-lain, dan beban akrual dalam jumlah signifikan mendekati nilai tercatatnya karena bersifat jangka pendek. Sedangkan, nilai wajar aset tidak lancar lainnya - jaminan sewa, pinjaman bank, obligasi konversi, utang sewa pembiayaan dan utang jangka panjang lainnya diukur dengan

menggunakan metode arus kas yang

didiskontokan.

 Fair values of cash and cash equivalents, other current financial assets - time deposits, trade receivables, other receivables, other non-current assets - rental deposits, short-term loans, trade payables, dividends payable, other payables, and accrued expenses of significant amounts approximate their carrying values because they are short term in nature. Whereas, the fair values of other non-current assets - rental deposits, bank loans, convertible bonds, finance lease payables and other long-term payable are measured using discounted cash flows approach.

 Nilai wajar investasi reksadana dan investasi pada saham tercatat di bursa diukur dengan menggunakan harga pasar aset pada pasar aktif (level 1).

 Fair values of investment in the mutual fund and investments in listed shares are determined using quoted market price of the assets in an active market (level 1).

41. OPERASI YANG DIHENTIKAN 41. DISCONTINUED OPERATION Perusahaan menandatangani Perjanjian-perjanjian

Jual Beli Saham ("SPA") pada tanggal 16 Januari 2015, sehubungan dengan penjualan sebagian kepemilikan pada Plan B Media Public Co. Ltd. ("Plan B"), suatu perusahaan yang bergerak di bidang media periklanan luar ruangan di Thailand. Penyelesaian transaksi telah efektif diselesaikan pada tanggal 22 Januari 2015. Penjualan tersebut dilakukan melalui penjualan kepemilikan saham Perusahaan di Plan B Investments Holding Limited

(“Plan B IH”) dan Outdoor Media Investment Limited

(“OMI”).

The Company signed Share Sale and Purchase

Agreements (“SPA”) on January 16, 2015, in

regard to the partial sale of its ownership in Plan B Media Public Co. Ltd. (“Plan B”), the outdoor advertising media business in Thailand. The financial closing of the transaction was effective January 22, 2015. The sale was completed through the sale of the Company’s shareholdings in Plan B Investments Holding Limited (“Plan B IH”) and Outdoor Media Investment Limited (“OMI”).

Pada Januari 2013, Perusahaan mengakuisisi 30% kepemilikan pada Plan B. Sesuai dengan SPA di atas, Perusahaan menjual 14,8% kepemilikan pada Plan B dengan $AS21,55 juta. Setelah transaksi penjualan, Perusahaan akan secara langsung memiliki 15,2% kepemilikan pada Plan B dan berhenti untuk mengkonsolidasikan laporan keuangan Plan B ke dalam laporan keuangan konsolidasian Kelompok Usaha. Sisa investasi pada Plan B diakui pada nilai wajarnya pada tanggal hilangnya pengendalian yang disajikan sebagai aset keuangan tersedia untuk dijual.

On January 2013, the Company acquired a 30% ownership interest in Plan B. The Company sold a 14.8% ownership interest in Plan B for US$21.55 million pursuant to the above SPA. Following the sale transaction the Company directly held a 15.2% ownership interest in Plan B and ceased to consolidate the financial

statements of Plan B into the Group’s

consolidated financial statements. The retained investment in Plan B is recognized at its fair value at the date when control is lost which presented as available-for-sale financial assets.

141

41. OPERASI YANG DIHENTIKAN (lanjutan) 41. DISCONTINUED OPERATION (continued) Perusahaan mengakui laba penjualan sebesar

Rp122 miliar yang disajikan sebagai “Laba penjualan

investasi” dalam laporan laba rugi dan penghasilan

komprehensif lain konsolidasian untuk periode sembilan bulan yang berakhir pada tanggal 30 September 2015.

The Company recognized a gain on sale amounting to Rp122 billion presented as “Gain

from sale of investment” in the consolidated

statement of profit or loss and other comprehensive income for the nine-month period ended September 30, 2015.

Hasil dari operasi yang dihentikan: Results of discontinued operation:

Periode 1 Januari 2015 sampai dengan 21 Januari 2015/

Period January 1, 2015 to

January 21, 2015

Pendapatan 29.968.392 Revenue

Beban pokok pendapatan (21.173.342) Cost of revenue

Laba kotor 8.795.050 Gross profit

Beban penjualan (1.653.716) Selling expenses

Beban umum dan administrasi (4.606.642) General and administrative expenses

Laba usaha 2.534.692 Operating profit

Biaya keuangan (1.434.976) Finance costs

Laba usaha sebelum pajak penghasilan 1.099.716 Profit before income tax

Beban pajak penghasilan (212.326) Income tax expense

Total 887.390 Total

Arus kas dari (untuk) operasi yang dihentikan: Cash flows from (used in) discontinued operation:

Periode 1 Januari 2015 sampai dengan 21 Januari 2015/

Period January 1, 2015 to

January 21, 2015

Arus kas neto yang digunakan Net cash flows used in

untuk aktivitas operasi (2.852.232) operating activities

Arus kas neto yang digunakan Net cash flows used in

untuk aktivitas investasi (4.650.473) investing activities

Arus kas neto yang diperoleh Net cash flows provided by

dari aktivitas pendanaan 8.553.924 Financing activities

142 42. PERISTIWA SETELAH PERIODE LAPORAN

POSISI KEUANGAN

42. EVENTS AFTER REPORTING PERIOD

Pada tanggal 21 Oktober 2016, PT Pariwara Digital Teknologi melakukan investasi penyertaan 50% atau 19.524 saham PT Satu Nusa Inti Artha, Jakarta, yang bergerak di bidang jasa pengembangan dan pengoperasian sistem pembayaran, e-money, e-wallet, pengiriman uang dan pembayaran tagihan.

On October 21, 2016, PT Pariwara Digital Teknologi has invested 50% or 19,524 shares in PT Satu Nusa Inti Artha, Jakarta, a company that is engaged in the business of developing and operating payment systems, e-money, e-wallet, money remittance and bills payment services.

43. TAMBAHAN INFORMASI ARUS KAS 43. SUPPLEMENTARY CASH FLOWS INFORMATION

Transaksi non kas yang signifikan Significant non-cash transactions

Periode Sembilan bulan yang Berakhir pada

Tanggal 30 September/

Nine-month Periods Ended September 30

2016 2015

AKTIVITAS YANG TIDAK ACTIVITIES

MEMPENGARUHI ARUS KAS NOT AFFECTING CASH FLOWS

Reklasifikasi uang muka pembelian Reclassification of advance for acquisition

aset tetap ke aset tetap 27.244.204 68.447.969 of fixed assets payment to fixed assets