FR 2015 Q2 Sigmagold Tbk

Daftar Isi Table of Contents

Halaman/ P a g e Surat pernyataan direksi

Laporan posisi keuangan konsolidasian Laporan laba rugi komprehensif konsolidasian Laporan perubahan ekuitas konsolidasian Laporan arus kas konsolidasian

Catatan atas laporan keuangan konsolidasian

1 3 4 5 6

Board of directors’ statement Consolidated statements of financial position Consolidated statements of comprehensive income Consolidated statements of changes in equity Consolidated statements of cash flows Notes to the consolidated financial statements

ASET LANCAR CURRENT ASSETS

Kas dan bank 2d,2p,4 6.912.598.741 8.204.314.157 Cash and bank

Piutang usaha Trade receivables

Pihak berelasi 2r,5,30 4.753.989.434 4.955.384.284 Related parties

Pihak ketiga (setelah dikurangi Third parties ( nett of

penyisihan penurunan nilai Rp9,056,659,100 provision for impairment Rp9,056,659,100

dan Rp6.780.674.644 5 69.629.383.700 69.526.602.906 and Rp6,780,674,644

30 Juni 2015 dan 31 Desember 2014) June 30, 2015 and December 31, 2014)

Piutang lain-lain Others receivables

Pihak berelasi 2r,6,30 6.777.441.580 1.355.407.490 Related parties

Pihak ketiga (setelah dikurangi Third parties ( nett of

penyisihan penurunan nilai provision for impairment

Rp13.639.344.754 6 113.685.835.278 116.740.671.651 Rp13,639,344,754

30 Juni 2015 dan 31 Desember 2014) June 30, 2015 and December 31, 2014)

Persediaan (setelah dikurang Inventories (nett of

Rp4,906,156,500 dan Rp3.609.417.063 Rp4,906,156,500 and Rp3,609,417,063

30 Juni 2015 dan 31 Desember 2014) 7 31.802.430.069 37.981.270.075 June 30, 2015 and December 31, 2014)

Uang muka 8 43.971.545.979 45.410.105.320 Advance payment

Pajak dibayar di muka 2o,17a 6.758.720.944 7.289.624.384 Prepaid taxes

Biaya dibayar di muka 2f,9 9.505.142.929 11.127.736.919 Prepaid expenses

Total Aset Lancar 293.797.088.654 302.591.117.186 Total Current Assets

ASET TIDAK LANCAR NON-CURRENT ASSETS

Investasi jangka panjang lainnya 2e,10 692.933.716.573 686.819.093.923 Long-term investment

Aset pajak tangguhan 2o,17d 42.869.020.677 43.049.637.838 Deferred tax assets

Aset tetap (setelah dikurangi Fixed assets (nett of

akumulasi penyusutan sebesar accumulated depreciation of

Rp16,946,182,637 dan Rp16,946,182,637 and

Rp23.598.286.295 2h,2j,2k,11 39.578.863.769 40.280.606.320 Rp23,598,286,295

30 Juni 2015 dan 31 Desember 2014) June 30, 2015 and December 31, 2014)

Aset eksplorasi dan evaluasi 2i,2j,12 46.106.826.893 44.926.299.090 Exploration and evaluation assets

Aset lain-lain 13 56.676.087.377 57.436.404.466 Others assets

Total Aset Tidak Lancar 878.164.515.289 872.512.041.637 Total Non-Current Assets

TOTAL ASET 1.171.961.603.943 1.175.103.158.823 TOTAL ASSETS

Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian The accompanying notes to consolidated financial statements are an integral

Notes June 30, 2015 December 31,2014*)

LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY

LIABILITAS JANGKA PENDEK SHORT-TERM LIABILITIES

Utang bank jangka pendek 14 105.297.261.303 105.385.289.663 Short-term of bank loan

Utang usaha : Trade payables

Pihak ketiga 15 1.544.058.137 1.438.081.715 Third parties

Utang lain-lain Others payables

Pihak berelasi 2r,16,29 763.686.752 3.221.566.061 Related parties

Pihak ketiga 16 721.209.987 721.209.983 Third parties

Utang pajak 2o,17b 18.114.089.384 17.941.857.410 Taxes payables

Biaya yang masih harus dibayar 18 435.849.521 894.175.165 Accrued expenses

Pendapatan diterima di muka 19 14.897.836 31.897.836 Unearned revenue

Total Liabilitas Jangka Pendek 126.891.052.920 129.634.077.833 Total Short-term Liabilities

LIABILITAS JANGKA PANJANG LONG-TERM LIABILITIES

Kewajiban imbalan kerja 2n,20 5.136.329.815 4.912.329.815 Employee benefit obligations

Utang investasi 21,33d,33e,34 13.100.000.000 13.100.000.000 Investment liabilities

Total Liabilitas Jangka Panjang 18.236.329.815 18.012.329.815 Total Long-term Liabilities

Total Liabilitas 145.127.382.735 147.646.407.648 Total Liabilities

EKUITAS EQUITY

YANG DAPAT DIATRIBUSIKAN KEPADA ATTRIBUTABLE TO OWNERS

PEMILIK ENTITAS INDUK OF THE PARENT

Modal saham - nominal Rp200 Capital stock - Rp200 par

per lembar saham pada tahun 2015 and 2014 value per share in 2015 and 2014

Modal dasar - 6,711,459,120 Authorized capital - 6.711.459.120

lembar saham pada tahun 2015 dan 2014 shares in 2015 and 2014

Modal ditempatkan dan disetor penuh Issued and fully paid capital stock

5,502,083,747 lembar saham pada 5,502,083,747 shares

tahun 2015 dan tahun 2014 22 1.100.416.749.400 1.100.416.749.400 in 2015 and 2014

Tambahan modal disetor 23 (2.196.887.005) (2.196.887.005) Additional paid in capital

Defisit (21.085.300.660) (20.127.837.795) Deficit

Komponen ekuitas lainnya 24 (116.511.974.857) (116.511.974.857) Other component of equity

Ekuitas yang dapat diatribusikan Equity attributable to

kepada pemilik entitas induk 960.622.586.878 961.580.049.743 the owners of the parent

Kepentingan nonpengendali 25 66.211.634.330 65.876.701.432 Non-controlling interest

Ekuitas - Neto 1.026.834.221.208 1.027.456.751.175 Equity - Net

Catatan/ 30 Juni 2015/ 30 Juni 2014/ Notes June 30, 2015 June 30, 2014

PENJUALAN DAN PENDAPATAN-NETO 2m,26 40.340.490.664 62.103.424.075 SALES AND REVENUES - NETT

BEBAN POKOK PENDAPATAN 2m,27 33.452.884.537 57.833.806.765 COST OF REVENUES

LABA BRUTO 6.887.606.127 4.269.617.310 GROSS PROFIT

BEBAN LAIN-LAIN BERSIH OTHER EXPENSES NETT

Pendapatan lain-lain - neto 2m,29 1.664.328.132 8.763.618.319 Others income - nett

Beban penjualan 2m,28 (2.969.920.910) (2.701.980.959) Selling expenses

Beban umum dan administrasi 2m,28 (6.023.926.155) (7.011.276.715) General administrative expense

Beban Lain-lain - Neto (7.329.518.933) (949.639.355) Other Loss - Net

LABA SEBELUM MANFAAT INCOME BEFORE

PAJAK PENGHASILAN (441.912.806) 3.319.977.955 INCOME TAX BENEFIT

MANFAAT PAJAK PENGHASILAN INCOME TAX BENEFIT

Kini 2o,17d - - Current

Tangguhan 2n,17d (180.617.161) - Deferred

Total Manfaat Pajak Penghasilan (180.617.161) - Total Income Tax Benefit

LABA BERSIH PERIODE BERJALAN (622.529.967) 3.319.977.955 NET INCOME

PENDAPATAN KOMPREHENSIF LAIN - - OTHER COMPREHENSIVE INCOME

TOTAL LABA KOMPREHENSIF (622.529.967) 3.319.977.955 TOTAL COMPREHENSIVE INCOME

LABA NETO YANG DAPAT

DIATRIBUSIKAN KEPADA: NET INCOME ATTRIBUTABLE TO:

Pemilik entitas induk (957.462.865) 3.524.783.369 Owners of the parent

Kepentingan nonpengendali 334.932.898 (204.805.414) Non-controlling interest

Total (622.529.967) 3.319.977.955 Total

JUMLAH PENDAPATAN (RUGI) TOTAL COMPREHENSIVE

KOMPREHENSIF DIATRIBUSIKAN KEPADA: INCOME (LOSS) ATTRIBUTABLE TO:

Pemilik entitas induk (957.462.865) 3.524.783.369 Owners of the parent

Kepentingan nonpengendali 334.932.898 (204.805.414) Non-controlling interest

Total (622.529.967) 3.319.977.955 Total

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

The accompanying notes to consolidated financial statements are an integral part of these consolidated financial statements.

4 Modal

Ditempatkan dan

Disetor Penuh/ Tambahan Komponen Kepentingan

Issued and Modal Disetor/ Ekuitas Lainnya/ Nonpengendali/

Fully Paid Additional Paid-in Defisit/ Other Components Non-controlling Ekuitas/

Capital Stock Capital Deficit of Equity Interest Equity

Saldo 1 Januari 2012 1.100.416.749.400 (2.196.887.005) (31.208.863.592) (116.511.974.857) 11.484.892.687 961.983.916.633 Balance as of January 1, 2012 Penambahan entitas anak - - - - 55.400.625.000 55.400.625.000 Additional of Subsidiaries Total Laba komprehensif tahun berjalan - - 4.536.602.887 - (414.626.952) 4.121.975.935 Total comprehensive income

Saldo 31 Desember 2012 1.100.416.749.400 (2.196.887.005) (26.672.260.705) (116.511.974.857) 66.470.890.735 1.021.506.517.568 Balance as of December 31, 2012 Total Laba komprehensif tahun berjalan - - 3.448.458.730 - (39.291.534) 3.409.167.196 Total comprehensive income

Saldo 31 Desember 2013 1.100.416.749.400 (2.196.887.005) (23.223.801.975) (116.511.974.857) 66.431.599.201 1.024.915.684.764 Balance as of December 31, 2013 Total Laba komprehensif tahun berjalan - - 3.524.783.369 - (204.805.414) 3.319.977.955 Total comprehensive income

Saldo 30 Juni 2014 1.100.416.749.400 (2.196.887.005) (19.699.018.606) (116.511.974.857) 66.226.793.787 1.028.235.662.719 Balance as of June 30, 2014 Saldo 1 Januari 2015 1.100.416.749.400 (2.196.887.005) (20.127.837.795) (116.511.974.857) 65.876.701.432 1.027.456.751.175 Balance as of January 1, 2015 Total Rugi komprehensif periode berjalan - - (957.462.865) - 334.932.898 (622.529.967) Total comprehensive loss

Saldo 30 Juni 2015 1.100.416.749.400 (2.196.887.005) (21.085.300.660) (116.511.974.857) 66.211.634.330 1.026.834.221.208 Balance as of June 30, 2015 Ekuitas yang Diatribusikan kepada Pemilik Entitas Induk/

ARUS KAS DARI CASH FLOWS FROM

AKTIVITAS OPERASI OPERATING ACTIVITES

Penerimaan dari pelanggan 40.439.104.720 61.909.884.307 Receipt from customers

Pembayaran kepada pemasok dan Payment to suppliers and

beban operasional (36.541.166.228) (52.040.719.371) operational expenses Pembayaran kas kepada karyawan (3.801.140.216) (4.344.586.196) Payments of employee

Kas Neto Diperoleh dari Net Cash Provided by

Aktivitas Operasi 96.798.276 5.524.578.740 Operating Activities

ARUS KAS DARI AKTIVITAS CASH FLOWS FROM

INVESTASI INVESTING ACTIVITIES

Penerimaan dari penjualan aset tetap 151.720.190 - Proceeds from sales of fixed assets Aset eksplorasi dan evaluasi (1.180.527.803) (2.777.260.226) Exploration and evaluation assets

Kas Neto (Digunakan untuk) Net Cash (Used in)

Aktivitas Investasi (1.028.807.613) (2.777.260.226) Investing Activities

ARUS KAS DARI AKTIVITAS CASH FLOWS FROM

PENDANAAN FINANCING ACTIVITIES

Penerimaan (pembayaran) pihak berelasi (271.677.719) (1.482.391.354) Receipt (payment )to related parties Pembayaran pinjaman bank dan lesing - neto (88.028.360) (396.849.532) Payment of bank loan and leasing - nett

Kas Neto (Digunakan untuk) Net Cash (Used in)

Aktivitas Pendanaan (359.706.079) (1.879.240.886) Financing Activities

(PENURUNAN) KENAIKAN NETO NET (DECREASE) INCREASE IN

KAS DAN BANK (1.291.715.416) 868.077.628 CASH AND BANK

KAS DAN BANK CASH AND BANK

PADA AWAL PERIODE 8.204.314.157 2.572.511.611 AT BEGINNING OF PERIODS

KAS DAN BANK CASH AND BANK

1. UMUM 1. GENERAL

a. Pendirian Perusahaan dan Informasi Umum a. Establishment and General Information PT Sigmagold Inti Perkasa Tbk (dahulu PT Agis Tbk)

(“Perusahaan”) didirikan dengan nama PT Telaga Mas berdasarkan Akta No. 41 tanggal 9 Januari 1981 dibuat oleh Soetjipto, S.H., notaris di Surabaya yang diubah dengan Akta No. 1 tanggal 1 Juni 1982 dengan nama berubah menjadi PT Telaga Mas Pertiwi dibuat di hadapan notaris yang sama. Kedua akta tersebut telah mendapat pengesahan dari Menteri Kehakiman Republik Indonesia dalam Surat Keputusan No.C2-261.HT.01.01.TH.83 tanggal 14 Januari 1983 serta diumumkan dalam Berita Negara Republik Indonesia No. 27, Tambahan No. 450. Kemudian pada tahun 1997, nama Perusahaan berubah menjadi PT Telagamas Pertiwi Tbk berdasarkan akta pernyataan keputusan rapat PT Telagamas Pertiwi Tbk No. 33 tanggal 14 Maret 1997 dari Notaris Siti Pertiwi Henny Singgih, S.H., notaris di Jakarta. Nama Perusahaan menjadi PT Artha Graha Investama Sentral Tbk berdasarkan akta pernyataan keputusan rapat PT Telagamas Pertiwi Tbk No. 25 tanggal 11 Juli 1997 dari Pahala Sutrisno Amojoyo Tampubolon, S.H., notaris di Jakarta. Anggaran Dasar Perusahaan telah mengalami beberapa kali perubahan, antara lain berdasarkan pernyataan keputusan berita acara Rapat Umum Pemegang Saham Luar Biasa No. 123 tanggal 30 September 1999 dibuat oleh Notaris Soetjipto, S.H., para pemegang saham telah menyetujui perubahan nama Perusahaan dari PT Artha Graha Investama Sentral Tbk menjadi PT Agis, Tbk. Akta perubahan tersebut telah mendapat persetujuan dari Menteri Kehakiman Republik Indonesia Surat Keputusan No.C-15316.HT.01.04.TH.99 tanggal 24 Agustus 1999. Kemudian berubah menjadi PT Sigmagold Inti Perkasa Tbk berdasarkan Akta No.21 tanggal 28 Oktober 2013 dari Notaris Edwar,S.H.,.Akta perubahan ini telah mendapatkan persetujuan dari Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dalam Surat Keputusan No.AHU-61283.AH ,01.02. T.H.2013 tanggal 26 November 2013.

PT Sigmagold Inti Perkasa Tbk (formerly PT Agis Tbk) (“the Company”) was established under the name of PT Telaga Mas based on Notarial Deed No.41 dated January 9, 1981 of Soetjipto, S.H., notary in Surabaya that was changed with Deed No.1 dated June 1,1982 changed of the Company’s name to PT Telaga Mas Pertiwi of same notary. Both of deed have been approved by the Minister of Justice of Republic of Indonesia in its Decision Letter No.C2-261.HT.01.01.TH.83 dated January 14, 1983 and published in the State Gazette of the Republic of Indonesia No. 27, Supplement No.450. In 1997, the Company’s name changed to PT Telagamas Pertiwi Tbk base on Deed of the Shareholders Decree of No 33 dated March 14, 1997 of Siti Pertiwi Henny Singgih, S.H., notary in Jakarta. The company’s name changed to PT Artha Graha Investama Sentral Tbk base on notarial deed No 25 dated July 11, 1997 of Pahala Sutrisno Amojoyo Tampubolon, S.H., notary in Jakarta. The Company’s articles of association have been amended several times, the latest amendment of the article of association, by Extra Ordinary General Meeting of Shareholders No.123 dated September 30, 1999 by Soetjipto, S.H., the shareholders approved the changed of the Company’s name from PT Artha Graha Investama Sentral Tbk to PT Agis Tbk. The amendment was approved by the Minister of Law of the Republic of Indonesia in its Decision letter No. C15316.HT.01.04.TH.99 dated August 24, 1999. Then changed to PT Sigmagold Inti Perkasa Tbk based on Notarial Deed No 21 dated October 28, 2013 of Edwar, S.H. The amendment was approved by the Minister of Justice and Human Right of the Republic of Indonesia in Decision Letter No AHU-61283.AH.01.02.T.H. 2013 dated November 26,2013.

Perubahan Anggaran Dasar Perusahaan yang disesuaikan dengan Peraturan No.XI.J.1 Lampiran Keputusan Ketua Pengawas Pasar Modal dan Lembaga Keuangan No. KEP-179/BL/2008 tanggal 14 Mei 2008, Akta Notaris No. 3 oleh Notaris Edwar SH., tanggal 9 September 2009.Akta tersebut telah disetujui oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia No. AHU-AH.01.10.19434 tanggal 4 November 2009.

The amendment article of association comply with premises liability rules chairman No.XI.J.1 attachment Decisions and Capital Market Supervisory Financial Institutions No. KEP-179/BL/2008 dated May 14, 2008, Notarial Deed No. 3 by a notary Edwar SH., dated September 9, 2009. The deed was approved by the Minister of Law and Human Rights of Republic of Indonesia No. AHU-AH.01.10.19434 November 4, 2009.

1. UMUM (Lanjutan)

Perubahan Anggaran Dasar berdasarkan Akta No.47 tanggal 30 September 2010 oleh Notaris Edwar,S.H., yang menyetujui 1) Penambahan Modal Perusahaan Tanpa Hak Memesan Efek Terlebih Dahulu dengan penerbitan Waran Seri III sebanyak banyaknya 500.000.000 dengan harga pelaksanaan Rp.125,- dan persetujuan penerbitan saham baru Perusahaan ( Saham Seri B ) dengan harga nominal setiap lembarnya Rp.100,- 2) Menyetujui pemberian kuasa kepada Dewan Komisaris Perusahaan untuk melakukan perubahan Anggaran Dasar Perusahaan sehubungan dengan penerbitan Saham Seri B Perusahaan dan untuk menetapkan jumlah modal ditempatkan dan disetor setelah pelaksanaan Waran Seri III tersebut.

The amendment articles of association based on the deed No.47 dated September 30, 2010 by Notary Edwar,S.H., which approved 1) Increase of Capital stock without rights issue prior to the issuance of Series III Warrants 500,000,000 as much an exercise price of Rp 125, - and approval of the issuance of new shares of the Company (the Series B Shares) with a nominal price per share Rp 100, - 2) Approved the authorization to the Board of Commissioners to changes to the articles associatiation in connection with the issuance of the Series B Shares and to determine the number of issued and paid after the execution of Series III Warrants.

Sesuai dengan pasal 3 Anggaran Dasar Perusahaan, lingkup kegiatan Perusahaan meliputi bidang industri sepatu dan komponennya, industri elektronika dan komponennya termasuk pemasangan, pemeliharaan serta perawatannya dan bidang perdagangan umum. Saat ini Perusahaan terutama bergerak dalam bidang perdagangan umum dan perdagangan barang elektronik.

In accordance with article 3 of the Company’s articles of association, the scope of its activities is mainly in the field of footwear and its component, electronic industry and its components including installation, repair, maintenance and general trading. The Company is currently engaged in general trading and electronic trading.

Perusahaan berkantor pusat di UOB Plaza, Thamrin Nine Lantai 42, JL. MH. Thamrin No 10, Jakarta Pusat.

The Company’s head office is in UOB Plaza, Thamrin Nine 42nd Floor, Jl.M.H. Thamrin No. 10, Central Jakarta.

b. Dewan Komisaris dan Direksi serta Karyawan b. Boards of Commissioners and Directors and Employees

30 Juni 2015/ June 30, 2015

31 Desember 2014 / December 31,2014

Dewan Komisaris Boards of Commissioners

Komisaris Utama Eka Hikmawati Supriyadi President Commissioner

Komisaris Yan Biao Commissioner

Komisaris Independen Poernomo Adjie Independent Commissioner

Dewan Direksi Boards of Directors

Direktur Utama Steven Kesuma President Director

Direktur Boling Aruan Director

Direktur Pan Bo Director

Direktur Tidak Terafiliasi Adriano Wolfgang Pietruschka Unaffiliated Director

c. Komite Audit c. Audit Committee

30 Juni 2015/ June 30, 2015

31 Desember 2014 / December 31,2014

Ketua Poernomo Adjie Chairman

Anggota Lamhot Lumban Tobing, S.H Member

1. UMUM (Lanjutan) 1. GENERAL (Continued)

30 Juni 2015/ 31 Desember 2014/

June 30, 2015 December 31,2014

Renumerasi Dewan Komisaris 275.750.000 551.500.000 Renumerasi Boards of Commissioners

Renumerasi Direksi 597.000.000 1.194.000.000 Renumerasi Boards of Directors

Jumlah 872.750.000 1.745.500.000 Total

Pada tanggal 30 Juni 2015 dan 31 Desember 2014 rata-rata jumlah karyawan grup sebanyak 182 dan 248 karyawan.

As at June 30 2015 and December 31, 2014, the total employees of the Groups are about 182 and 248 people.

d. Entitas Anak dan Entitas Asosiasi d. Subsidiaries and Associates Company Perusahaan mempunyai kepemilikan saham secara

langsung maupun tidak langsung pada Entitas Anak dan Entitas Asosiasi (selanjutnya secara bersama-sama disebut sebagai “Grup”):

The Company has direct and indirect share ownerships in the following Subsidiaries and Associates (together with the Company hereinafter referred to as the “Group”):

2014 2013 Juni 2015 Desember 2014

Jakarta Perdagangan Elektronik/ Trading

Electronic

1996 99% 99% 639.600.508.948 536.696.784.371

PT Artha Centra Graha Jakarta Distribusi Produksi Sony/ 1999 95% 95% 11.673.889.155 6.655.931.528 Sony distributor

PT Artha Wahana Prakarsa Palembang Distribusi Produksi Sony/ 1996 70% 70% 13.051.057.792 12.606.259.106 Sony distributor

PT Artha Wahana Karya Bandung Distribusi Produksi Sony/ 1997 70% 70% 13.573.354.469 14.144.858.296 Sony distributor

PT Artha Wahana Surya Makassar Distribusi Produksi Sony/ 1997 90% 90% 3.747.920.216 1.836.010.560 Sony distributor

PT Wacana Baru Asia Jakarta Distribusi Produksi Sony/ 2002 70% 70% 16.212.856.930 9.820.184.938 Sony distributor

PT Bahana Karya Persada Jakarta Kontraktor, Perdagangan dan Jasa/ 2006 99% 99% 6.306.920.950 6.616.745.711 Construction, Trading and Services

PT Muzio Multimedia Jakarta Kontraktor, Perdagangan dan Jasa/ 2006 80% 80% 18.752.494.658 15.863.901.715 Construction, Trading and Services

PT Agis Energi d/h PT Citra Damai Jakarta Perdagangan, Pemb. Industri, dll/ 2006 99% 99% 1.984.759.000 1.786.283.100

Abadi Trading, construction, etc

PT Indah Karya Perdana Jakarta Perdagangan, Pemb. Industri, dll/ 2006 70% 70% 1.918.631.384 1.917.576.890 Trading, construction, etc

PT Mitra Sumber Berkat Jakarta Perdagangan Electronic/ 2006 70% 70% 2.834.083.564 2.834.083.564 Electronic trading

Jakarta Perdagangan, Pemb. Industri, dll/ Trading, construction, etc

2001 99% 99% 434.153.395.441 430.841.772.837

PT Bukit Rimba Lestari Jakarta Kontraktor, Perdagangan, Jasa/ 2005 99% 99% 70.022.533.353 70.034.719.591 Contractor, trading and services

PT WOW Television Jakarta Produksi Film, Hiburan dan Iklan/ 2001 99% 99% 2.878.310.382 2.888.310.382 Film Production, Entertainment and Advertising

PT Buana Maju Mandiri Jakarta Operator Jaringan Telekomunikasi/ 2001 99% 99% 8.986.851.930 8.986.941.930 Providers Services Communication

PT Klik To Play Multimedia Jakarta Jasa Penyiaran/ 2007 99% 99% 249.000.000 249.000.000 Broadcasting Services

Jakarta Pertambangan/Mining 2012 51% 51% 120.038.163.317 119.287.796.215

PT Inti Bumi Sejahtera Mandiri Jakarta Pertambangan/Mining 2012 65% 65% 15.581.378.350 15.569.307.608

PT Agis Electronic dan Entitas Anak/ PT.Agis Electronic and Subsidiaries

PT Agis Mitra Mandiri dan Entitas Anak/ PT.Agis Mitra Mandiri and Subsidiaries

PT Agis Resources dan Entitas Anak/ PT.Agis Resources and Subsidiaries

Jumlah Aset/ Total Assets Persentase

Kepemilikan/ Percentage of Ownership% Tahun Beroperasi/

Starting Operation Jenis Usaha/

Scope of Business Lokasi/

Location Entitas Anak/

1. UMUM (Lanjutan)

Berdasarkan Akta Pernyataan Keputusan Pemegang Saham PT Agis Multi Media, Entitas Anak No. 16 tanggal 18 Juli 2006, oleh Notaris Edwar S.H., notaris di Jakarta. PT Agis Multi Media, Entitas Anak, telah melepas semua kepemilikan sahamnya sebesar 80% pada PT Bhakti Media Internasional (BMI) kepada PT Bahana Bumi Cemerlang dengan harga penjualan sebesar Rp 20.000.000.000 sesuai dengan ketentuan-ketentuan dalam perjanjian. Pembayaran tersebut dilakukan oleh PT Agis Multi Media dengan menerbitkan promissory note No. 001/BBC-PN/VII/06 tertanggal 27 Juli 2006.

Based on Deed of Shareholder Decision of PT Agis Multi Media, a Subsidiary No. 16 dated July 18, 2006, of Edwar, S.H., notary in Jakarta. PT Agis Multi Media, a Subsidiary, has sold all of ownership share of 80% in PT Bhakti Media Internasional (BMI) to PT Bahana Bumi Cemerlang with sales price amounting Rp 20,000,000,000 appropriate with the agreement. The payment conducted by PT Bahana Bumi Cemerlang to PT Agis Multi Media by issuing Promissory Note No. 001/BBC-PN/VII/06 dated of July 27, 2006.

Berdasarkan Akta Pernyataan Keputusan Pemegang Saham PT Agis Multi Media, Entitas Anak No. 24 tanggal 18 Oktober 2006, oleh Notaris Edwar S.H., notaris di Jakarta, Entitas Anak tersebut telah melakukan perubahan Anggaran Dasar yang antara lain berisi perubahan nama menjadi PT Agis Mitra Mandiri (AMM). Akta tersebut telah mendapat persetujuan dari Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dengan Surat Keputusan No. W7-00494 HT.01.04-TH.2007 tanggal 15 Januari 2007.

Based on Deed of the Shareholders Decision of PT Agis Multi Media, a Subsidiary, No.24 dated October 18, 2006 of Edwar, S.H., notary in Jakarta, that a Subsidiary has changed its article of association, changed of the Company’s name to PT Agis Mitra Mandiri (AMM). The amendment was approved by Minister of Law and Human Right of the Republic of Indonesia in its Decision Letter No. W7-00494 HT.01.04-TH.2007 dated January 15, 2007.

Berdasarkan Akta Pernyataan Keputusan Pemegang Saham PT Agis Mitra Mandiri, Entitas Anak No. 19 tanggal 22 Februari 2007, oleh Notaris Edwar S.H., notaris di Jakarta, bahwa 1 saham milik Soetrisno Santoso dijual kepada Jhonny Kesuma, dengan harga penjualan sebesar Rp 1.000.000.

Based on Deed of the Shareholders Decision of PT Agis Mitra Mandiri, a Subsidiary, No.19 dated February 22, 2007, of Edwar, S.H.,notary in Jakarta, concerning that 1 share owned by Soetrisno Santoso was sold to Jhonny Kesuma with sales price amounted to Rp 1,000,000.

Berdasarkan Akta No. 13 tanggal 15 April 2014, oleh Notaris Yualita Widyadhari, S.H., M.Kn, notaris di Jakarta, bahwa 1 saham PT Agis Mitra Mandiri, Entitas Anak, milik Jhonny Kesuma dialihkan kepada Steven Kesuma dan pengangkatan kembali pengurus Perusahaan yang lama.

Based on Deed No 13 dated April 15, 2014 of Yualita Widyadhari, S.H., M.Kn, notary in Jakarta, concerning that 1 share PT Agis Mitra Mandiri, a Subsidiary owned by Jhonny Kesuma was swiched to Steven Kesuma and reappointment the Company’s management.

Berdasarkan Akta Pernyataan Keputusan Pemegang Saham PT Bhakti Telecommunication, Entitas Asosiasi No 6 tanggal 6 Desember 2006, oleh Notaris Edwar S.H., notaris di Jakarta, telah melakukan perubahan Anggaran Dasar yaitu perubahan nama menjadi PT Buana Maju Mandiri (BMM). Akta tersebut telah mendapat persetujuan dari Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dengan Surat Keputusan No. W7-00465 HT.01.04-TH.2007 tanggal 15 Januari 2007.

Based on Deed of the Shareholder Decision of PT Bhakti Telecommunication, an Associate No.6 dated December 6, 2006, of Edwar, S.H, notary in Jakarta, has changed its article on association, , changed of the Company’s name to PT Buana Maju Mandiri (BMM). The amendment was approved by the Minister of Law and Human Right of the Republic Indonesia in its Decision Letter No. W7-00465 HT.01.04-TH.2007 dated January 15, 2007.

Berdasarkan Akta Pernyataan Keputusan Pemegang Saham PT Asia Media Internasional, Entitas Asosiasi No. 20 tanggal 22 Februari 2007, oleh Notaris Edwar,S.H., notaris di Jakarta, tentang, bahwa 1.250 saham milik Bambang Rudijanto Tanosoesoedibjo dijual kepada Jhonny Kesuma , dengan harga penjualan sebesar Rp 1.250.000.

Based on Deed of the Shareholder Decree of PT Asia Media Internasional, an Associate, No.20 dated February 22, 2007 of Edwar, S.H., notary in Jakarta, concerning that 1,250 shares owned by Bambang Rudijanto Tanoesoedijo was sold to Jhonny Kesuma with sales price amounting Rp1,250,000.

1. UMUM (Lanjutan) 1. GENERAL (Continued) Berdasarkan Akta Pernyataan Keputusan Pemegang

Saham PT Asia Media Internasional, Entitas Asosiasi No. 4 tanggal 16 Juli 2007, oleh Notaris Edwar S.H., notaris di Jakarta bahwa Entitas Asosiasi telah melakukan perubahan Anggaran Dasar antara lain berisi perubahan nama menjadi PT WOW Television. Akta tersebut telah mendapat persetujuan dari Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dengan Surat Keputusan No. W7-10061 HT.01.04-TH.2007 tanggal 12 September 2007.

Based on Deed the Shareholder Decision of PT Asia Media Internasional, an Associate, No.4 dated July 16, 2007, of Edwar, S.H., notary in Jakarta, an has changed its article on association, changed of the Company’s name to PT WOW Television.The amendment was approved the Minister of Law and Human Right of the Republic of Indonesia in its Decision Letter No. W7-100061 HT.01.04-TH.2007 dated September 12, 2007.

Pada tahun 2006, PT Agis Mitra Mandiri, Entitas Anak mendirikan PT Bahana Karya Persada dengan kepemilikan 99% berdasarkan Akta Pendirian Perusahaan No. 9 tanggal 30 November 2006 oleh Notaris Edwar S.H., notaris di Jakarta. Akta tersebut telah mendapat persetujuan dari Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dengan Surat Keputusan No. W7-01538 HT.01.01-TH.2007 tanggal 16 Februari 2007.

In 2006, PT Agis Mitra Mandiri, a Subsidiary, established PT Bahana Karya Persada with the ownership of 99% based on the Notarial Deed No.9 dated November 30, 2006 of Edwar, S.H., notary in Jakarta.The amendment was approved the Minister of Law and Human Right of the Republic Indonesia in its Decision Letter No. W7-01538 HT.01.01-TH.2007 dated February 16, 2007

Berdasarkan Akta Pernyataan Keputusan Pemegang Saham PT Bahana Karya Persada, Entitas Asosiasi No.13 tanggal 22 Februari 2007, oleh Notaris Edwar S.H., notaris di Jakarta, bahwa 4.950 saham milik PT Agis Mitra Mandiri dijual kepada PT Agis Electronic, dengan harga penjualan sebesar Rp4.950.000.000.

Based on the Shareholder Decree of PT Bahana Karya Persada, an Associate No.13 dated February 22, 2007, of Edwar, S.H., notary in Jakarta, concerning that 4,950 shares owned by PT Agis Mitra Mandiri was sold to PT Agis Electronic with sales price amounted to Rp 4,950,000,000. Pada tahun 2006, PT Agis Mitra Mandiri, Entitas

Anak mendirikan PT Muzio Multi Media dengan kepemilikan 80% berdasarkan Akta pendirian Perusahaan No.10 tanggal 28 Desember 2006 oleh Notaris Edwar S.H., notaris di Jakarta. Akta tersebut telah mendapat persetujuan dari Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dengan Surat Keputusan No. W7-01542 HT.01.01-TH.2007 tanggal 16 Februari 2007.

In 2006, PT Agis Mitra Mandiri, a Subsidiary, established PT Muzio Multi Media with the ownership of 80% base on Notarial Deed No.10 dated by December 28, 2006 of Edwar, S.H., notary in Jakarta. The amendment was approved the Minister of Law and Human Right of the Republic of Indonesia in its Decision Letter No. W7-01542 HT.01.01-TH.2007 dated February 16, 2007.

Berdasarkan Akta Pernyataan Keputusan Pemegang Saham PT Muzio Multi Media, Entitas Asosiasi No.17 tanggal 22 Februari 2007, oleh Notaris Edwar S.H., notaris di Jakarta, bahwa 1.600 saham milik PT Agis Mitra Mandiri dijual kepada PT Agis Electronic, dengan harga penjualan sebesar Rp1.600.000.000.

Based on the Shareholder Decree of PT Muzio Multi Media, an Associate , No. 17 dated February 22, 2007, of Edwar, S.H., notary in Jakarta, concerning that 1,600 shares owned by PT Agis Mitra Mandiri was sold to PT Agis Electronic with sales price amounted to Rp 1,600,000,000.

Berdasarkan Akta Pernyataan Keputusan Pemegang Saham PT Muzio Multi Media, Entitas Asosiasi No.14 tanggal 19 Februari 2014, oleh Notaris Edwar S.H., notaris di Jakarta, bahwa perubahan pengurus Perusahaan.

Based on of the Shareholder Decree of PT Muzio Multi Media, an Associate , No. 14 dated February 19, 2014, of Edwar, S.H., notary in Jakarta, concerning that changes of the Company’s managements.

Pada tahun 2006, PT Agis Mitra Mandiri, Entitas Anak mendirikan PT Citra Damai Abadi dengan kepemilikan 80% berdasarkan Akta pendirian Perusahaan No.8 tanggal 28 Desember 2006 oleh Notaris Edwar S.H., notaris di Jakarta. Akta tersebut telah mendapat persetujuan dari Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dengan Surat Keputusan No. W7-01540 HT.01.01-TH.2007 tanggal 16 Februari 2007.

In 2006, PT Agis Mitra Mandiri, a Subsidiary, established PT Citra Damai Abadi with the ownership of 80% pursuant to the Notarial Deed No.8 dated by December 28, 2006, of Edwar, S.H., notary in Jakarta. The Minister of Law and Human Right of the Republic Indonesia in its Decision Letter No. W7-01540 HT.01.01-TH.2007 dated February 16, 2007 approved the deed.

1. UMUM (Lanjutan)

Berdasarkan Akta Pernyataan Keputusan Pemegang Saham PT Citra Damai Abadi, Entitas Asosiasi No.16 tanggal 22 Februari 2007, oleh Notaris Edwar S.H., notaris di Jakarta, bahwa 1.600 saham milik PT Agis Mitra Mandiri dijual kepada PT Agis Electronic, dengan harga penjualan sebesar Rp1.600.000.000.

Based on Shareholder Decree of PT Citra Damai Abadi, an Associate No.16 dated February 22, 2007 of Edwar, S.H., notary in Jakarta, concerning that 1,600 shares owned by PT Agis Mitra Mandiri was sold to PT Agis Electronic with sales price amounted to Rp 1,600,000,000.

Berdasarkan Akta Pernyataan Keputusan Pemegang Saham PT Citra Damai Abadi, Entitas Asosiasi No.24 tanggal 5 September 2013, oleh Notaris Edwar S.H., notaris di Jakarta,mengenai perubahan nama menjadi PT Agis Energi dan perubahan kepemilikan saham, sehingga PT Agis Electronic memiliki 99,95% saham.

Based on the Shareholder Decree of PT Citra Damai Abadi, an Associate No.24 dated September 5, 2013 of Edwar, S.H., notary in Jakarta, concerning regarding the change of the company’s name to PT Agis Energi and the composition of shareholders, and PT Agis Electronic has 99,95% shares.

Pada tahun 2006, PT Agis Mitra Mandiri, Entitas Anak mendirikan PT Indah Karya Perdana dengan kepemilikan 70% berdasarkan Akta Pendirian Perusahaan No.9 tanggal 28 Desember 2006 oleh Notaris Edwar S.H., notaris di Jakarta. Akta tersebut telah mendapat persetujuan dari Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dengan Surat Keputusan No. W7-01543 HT.01.01-TH.2007 tanggal 16 Februari 2007.

In 2006, PT Agis Mitra Mandiri, a Subsidiary, established PT Indah Karya Perdana with the ownership of 70% based on the Notarial Deed No.9 dated December 28, 2006 of Edwar, S.H., notary in Jakarta. The amendment was approved by the Minister of Law and Human Right of the Republic Indonesia in its Decision Letter No. W7-01543 HT.01.01-TH.2007 dated February 16, 2007.

Berdasarkan Akta Pernyataan Keputusan Pemegang Saham PT Indah Karya Perdana, Entitas Asosiasi No.15 tanggal 22 Februari 2007, oleh Notaris Edwar S.H., notaris di Jakarta, bahwa 1.400 saham milik PT Agis Mitra Mandiri dijual kepada PT Agis Electronic, dengan harga penjualan sebesar Rp1.400.000.000.

Based on the Shareholder Decree of PT Indah Karya Perdana, an Associate, No. 15 dated February 22, 2007, of Edwar, S.H., notary in Jakarta, concerning that 1,400 shares owned by PT Agis Mitra Mandiri was sold to PT Agis Electronic with sales price amounting Rp1,400,000,000. Pada tahun 2006, PT Agis Mitra Mandiri, Entitas Anak

mendirikan PT Mitra Sumber Berkat dengan kepemilikan 70% berdasarkan Akta Pendirian Perusahaan No.5 tanggal 6 Desember 2006 oleh Notaris Edwar S.H., Notaris di Jakarta. Akta tersebut telah mendapat persetujuan dari Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dengan Surat Keputusan No. W7-01536 HT.01.01-TH.2007 tanggal 16 Februari 2007.

In 2006, PT Agis Mitra Mandiri, a Subsidiary, established PT Mitra Sumber Berkat with the ownership of 70% based on the Notarial Deed of Edwar, S.H., No.5 dated by December 6, 2006, Notary in Jakarta. The amendment was approved by the Minister of Law and Human Right of the Republic Indonesia in its Decision Letter No. W7-01536 HT.01.01-TH.2007 dated February 16, 2007.

Berdasarkan Akta Pernyataan Keputusan Pemegang Saham PT Mitra Sumber Berkat, Entitas Asosiasi No.14 tanggal 22 Februari 2007, oleh Notaris Edwar S.H.,notaris di Jakarta, bahwa 2.100 saham milik PT Agis Mitra Mandiri dijual kepada PT Agis Electronic, dengan harga penjualan sebesar Rp2.100.000.000.

Based on the Shareholder Decree of PT Mitra Sumber Berkat, an Associate No.14 dated February 22, 2007 of Edwar, S.H., notary in Jakarta, that 2.100 shares owned by PT Agis Mitra Mandiri was sold to PT Agis Electronic with sales price amounted to Rp 2,100,000,000.

Berdasarkan Akta Pernyataan Keputusan Pemegang Saham PT Artha Wahana Surya, Entitas Asosiasi No.25 tanggal 26 Agustus 2005, oleh Notaris Edwar S.H., notaris di Jakarta,bahwa 600 saham milik Soandy Gozzli dijual kepada PT Agis Electronic, dengan harga penjualan sebesar Rp 550.000.000.

Based on the Shareholder Decree of PT Artha Wahana Surya (AWS), an Associate No.25 dated August 26, 2005, of Edwar, S.H., notary in Jakarta, that 600 shares owned by Soandy Gozali was sold to PT Agis Electronic with sales price amounted to Rp 550,000,000.

1. UMUM (Lanjutan) 1. GENERAL (Continued) Berdasarkan Keputusan Pemegang Saham di Luar

Rapat Umum Pemegang Saham PT Bukit Rimba Lestari, dengan Akta No. 3 tanggal 7 November 2005 dari Edwar, SH, notaris di Jakarta, modal dasar dan modal dasar disetor PT Bukit Rimba Lestari masing-masing menjadi Rp 100.000.000.000 dan Rp70.000.000.000. Dan telah ditempatkan dan disetor oleh PT Agis Electronic sebesar Rp 69.640.000.000, sehingga 99,5% saham PT Bukit Rimba Lestari dimiliki oleh PT Agis Electronic, dan laporan keuangan PT Bukit Rimba Lestari dikonsolidasikan ke laporan keuangan PT Agis Electronic.

Based on Shareholders Decree beyond the general meeting of Shareholders of PT Bukit Rimba Lestari, the deed No.3 dated November 7, 2005, notary in Jakarta authorized capital and paid-up capital of PT Bukit Rimba Lestari becoming Rp100,000,000,000 and Rp70,000,000,000. And has been issued and paid-in by PT Agis Electronic amounted Rp.69,640,000,000, PT Agis Electronic owns 99.5% share of PT Bukit Rimba Lestari and the financial statements of PT Bukit Rimba Lestari was consolidated to PT Agis Electronic financial statements.

Berdasarkan Akta Pernyataan Keputusan Pemegang Saham PT Bukit Rimba Lestari, Entitas Asosiasi No.18 tanggal 22 Februari 2007, oleh Notaris Edwar S.H., notaris di Jakarta bahwa 69.640 saham milik PT Agis Electronic dijual kepada PT Agis Mitra Mandiri dengan harga penjualan sebesar Rp69.640.000.000.

Based on the Shareholders Decree of PT Bukit Rimba Lestari, an Associate No.18 dated February 22, 2007 of Edwar, S.H.,notary in Jakarta, that 69,640 shares owned by PT Agis Electronic was sold to PT Agis Mitra Mandiri with sales price amounted to Rp 69,640,000,000.

Berdasarkan Akta Rapat Umum Pemegang Saham Luar Biasa No.6 tanggal 20 September 2007 oleh Notaris Edwar S.H., notaris di Jakarta, bahwa telah disetujui penambahan modal ditempatkan dan modal disetor PT Agis Electronic, Entitas Anak sebanyak 15.000 lembar saham masing-masing saham dengan nilai nominal Rp 1.000.000 atau seluruhnya sebesar Rp 15.000.000.000.

Based on Extra Ordinary General Meeting of Shareholders No.6 dated September 20, 2007, of Edwar, S.H., notary in Jakarta, that shareholder agreed to increase on issued and paid up capital of PT Agis Electronic, a Subsidiary for 15,000 shares with nominal Rp 1,000,000 per share or makes a total amount of Rp.15,000,000,000.

Berdasarkan Akta Pernyataan Keputusan Pemegang Saham PT Karya Putra Internasional No. 15 tanggal 31 Juli 2007 telah menyetujui perubahan nama menjadi PT Klik 2 Play MultiMedia, dan menyetujui penjualan dan pengalihan saham kepada PT Agis Mitra Mandiri sebanyak 249 lembar saham dengan nilai nominal sebesar Rp 1.000.000 atau seluruhnya sebesar Rp 249.000.000. Akta tersebut telah mendapatkan persetujuan dari Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dengan Surat Keputusan No. W7-10058 HT.01.04-TH.2007 tanggal 12 September 2007. Laporan keuangan PT Klik 2 Play Multimedia telah dikonsolidasikan ke laporan keuangan PT Agis Mitra Mandiri.

Based on Shareholders Decree of PT Karya Putra Internasional no.15 dated July 31, 2007 the Company’s name has been changed to PT Klik 2 Play Multimedia, and agree to sell and transfer of share to PT Agis Mitra Mandiri for 249 share a mounted to Rp. 1.000.000 or for all amounted to Rp. 249.000.000. The amendment was approved by the Minister of Law and Human Right of the Republic of Indonesia in its Decision Letter No. W7-10058 HT.01.04-TH.2007 dated September 12, 2007. The Financial statements of PT Klik 2 Play Multimedia was consolidated to PT Agis Mitra Mandiri financial statements.

Pada tanggal 5 Maret 2012, berdasarkan Akta

Notaris Dr. Misahardi

Wilamarta,S.H.,M.H.,M.Kn.,LL.M., No. 09, Perusahaan dan Fujian Xinjifu Group mendirikan PT Agis Resources dengan masing-masing memiliki kepemilikan saham sebesar 51% dan 49%. PT Agis Resources bergerak dalam bidang usaha pertambangan. Akta ini telah mendapatkan pengesahan sesuai dengan Keputusan Menteri Hukum dan Hak Asasi Manusia Republik Indonesia Nomor: AHU-14013.AH.01.01. Tahun 2012 tanggal 15 Maret 2012.

On March 5, 2012, based on Notarial Deed of Dr. Misahardi Wilamarta,S.H.,M.H.,M.Kn.,LL.M. no. 9, the Company and Fujian Xinjifu Group established PT Agis Resources with share ownership of 51% and 49%, respectively. PT Agis Resources is engaged in mining. The deed was approved by the Minister of Law and Human Right of the Republic Indonesia in its Decision Letter No: AHU-14013.AH.01.01 dated March 15, 2012 .

1. UMUM (Lanjutan)

Berdasarkan Akta Pernyataan Keputusan Pemegang Saham PT Agis Resources No.8 tanggal 14 Mei 2014, oleh Notaris Edwar S.H.,notaris di Jakarta, bahwa 2.375.000 saham milik Fujian Xinjifu (M) SDN BHD dijual kepada Guandong Machinery IMP, & EXP Co,Ltd dan perubahan pengurus Perusahaan.

Based on Shareholder Decree of T Agis Resources No. 8 dated May, 14, 2014 of Edwar, S.H., notary in Jakarta, that 2.375.000 shares owned by Fujian Xinjifu (M) SDN BHD was sold to Guandong Machinery IMP,& EXP. Co. Ltd and changes of the Company’s management.

Berdasarkan Akta Pernyataan Keputusan Pemegang Saham PT Inti Bumi Sejahtera Mandiri, Entitas Asosiasi No.02 tanggal 08 Agustus 2012, oleh Notaris Susilawati Aliwarga S.H., notaris di Jakarta, bahwa 1.300 saham milik PT Inti Bumi Sejahtera Mandiri dijual kepada PT Agis Resources, dengan harga penjualan sebesar Rp 1.300.000.000.

Based on shareholder decree of PT. Inti Bumi Sejahtera Mandiri, an associate, No.02 dated August 08, 2012,of Susilawati Aliwarga,SH,notary in Jakarta that 1.300 shares owned by PT PT Inti Bumi Sejahtera Mandiri was sold to PT Agis Resources with sales price amounted to Rp.1,300,000,000

e. Penawaran Umum Efek Perusahaan e. The Company’s Public Offerings Pada tanggal 28 Desember 1994, Perusahaan

memperoleh pernyataan efektif dari Ketua Badan Pengawas Pasar Modal (BAPEPAM) dengan suratnya No. S-2048/PM/1994 untuk melakukan Penawaran Umum Perdana atas 10.000.000 saham-saham perusahaan dan telah dicatatkan pada Bursa Efek Jakarta dan Bursa Efek Surabaya.

On December 28, 1994, the Company obtained the effective statement from the Chairman of the Capital Market Supervisory Agency (“BAPEPAM”) in its Decision Letter No. S-2048/PM/1994 to conduct the initial public offering of 10,000,000 shares and listed in the Jakarta and Surabaya Stock Exchange.

Pada tanggal 15 Maret 1997, Perusahaan memperoleh pernyataan efektif dari Ketua Bapepam dengan suratnya No. S-358/PM/1997 untuk melakukan Penawaran Umum Terbatas dengan Hak Memesan Efek Terlebih Dahulu sebanyak 68.500.000 saham. Pada tanggal 4 April 1997, saham-saham tersebut dicatatkan pada Bursa Efek Jakarta dan Bursa Efek Surabaya.

On March 15, 1997, the Company obtained the effective statement from the Chairman of the Capital Market Supervisor Agency (“BAPEPAM”) in its Decision Letter No. S-358/PM/1997 to conduct Rights Issue of 68,500,000 shares. On April 4, 1997, all shares was listed in Jakarta stock exchanged and Surabaya stock exchanged.

Pada tanggal 22 Maret 2001, Perusahaan memperoleh pernyataan efektif Ketua Bapepam melalui surat No. S-603/PM/1997 untuk melakukan Penawaran Umum Terbatas dengan Hak Memesan Efek Terlebih Dahulu sebanyak 1.956.360.000 saham dan 366.817.500 waran yang disertakan.

On March 22, 2001, the Company obtained the notice of effectivity from the Chairman of Bapepam on its letter No.. S-603/PM/1997 for a limited offering with Pre-emptive Rights as much as 1,956,360,000 shares and 366,817,500 warrants are included.

Dari jumlah tersebut jumlah saham yang terealisasi sampai tanggal 31 Desember 2001 adalah sebanyak 1.168.774.780 lembar saham, sehingga jumlah saham yang beredar pada tanggal 31 Desember 2001 sebanyak 1.657.864.780 lembar saham.

From the total of shares that has been realized until Decembr 31,2001 was 1.168.774.780 shares, so that total of outstanding shares as at December 31, 2001 is 1,657,864,780 shares.

Pada tanggal 7 Januari 2002 sebanyak 20.000.000 lembar waran yang diterbitkan telah dikonversi menjadi 20.000.000 lembar saham, sehingga jumlah saham yang beredar tanggal 31 Desember 2002 sebanyak 1.667.864.780 lembar saham.

On January 7, 2002, 20,000,000 warrants issued have been converted to 20,000,000 shares, so that total of outstanding shares as of December 31, 2002 was 1,677,864,780 shares.

Pada tanggal 24 Maret 2004 dan 21 April 2004 masing-masing sebesar 4.419.000 dan 194.718.770 lembar waran yang diterbitkan telah dikonversi menjadi 199.137.770 lembar saham, sehingga jumlah saham yang beredar menjadi sebanyak 1.887.002.550 lembar saham. Seluruh tambahan saham tersebut telah dicatatkan pada Bursa Efek

On March 24, 2004 and April 21, 2004 each 4,419,000 and 194,718,770 warrants issued have been converted to 199,137,770 shares, so that total of outstanding shares becomes 1,877,002,550 shares. On April 27, 2004, all additional shares have been listed in Jakarta stock exchanged and Surabaya Stock Exchanged.

1. UMUM (Lanjutan) 1. GENERAL (Continued) Pada tanggal 27 Februari 2008, Perusahaan

memperoleh pernyataan efektif dari Ketua Bapepam dengan suratnya No. S-1178/BL/2008 untuk melakukan Penawaran Umum Terbatas dengan Hak Memesan Efek Terlebih Dahulu sebanyak 3.754.005.100 saham dan sebanyak-banyaknya 625.667.517 waran yang disertakan.

On February 27, 2008 the Company have effective statement from the Chairman of the (“BAPEPAM”) in its Decision Letter no. S-1178/BL/2008 to conduct the limited public offering with 3,754,005,100 shares and 625,667,517 warrants.

Dari jumlah tersebut saham yang terealisasi sampai tanggal 31 Maret 2008 adalah sebanyak 3.624.247.426 lembar saham, sehingga jumlah saham yang beredar pada tanggal 31 Maret 2008 sebanyak 5.501.249.976 lembar saham.

From the total of shares that has been realized until March 31, 2008 is 3,624,247,426 shares so that total of outstanding shares as at March 31, 2008 was 5,501,249,976 shares.

Sementara itu, Warrant II telah dikonversi pada tanggal 10 Mei 2010 sebanyak 833.333 lembar saham, tanggal 24 Februari 2011 sebanyak 167 lembar saham dan tanggal 8 Maret 2011 sebanyak 271 lembar saham. Sehingga jumlah saham yang beredar pada tanggal 30 Juni 2015 dan 31 Desember 2014 sebanyak 5.502.083.747 lembar saham.

Meanwhile, Warrant II have been converted on May 10, 2010 was 833,333 shares, dated February 24, 2011 was 167 shares and dated March 8, 2011 was 271 shares. So the total of outstanding shares at June 30, 2015 and December 31, 2014 were 5,502,083,747 shares.

f. Penyelesaian Laporan Keuangan Konsolidasian f. Completion of the Consolidated Financial Statements Manajemen Perusahaan bertanggung jawab atas

penyusunan laporan keuangan konsolidasian ini yang telah disetujui oleh Direksi untuk diterbitkan pada tanggal 31 Juli 2015.

The management of the Company is responsible for the preparation of these consolidated financial statements which have been authorized for issue by the Board of Directors on July 31, 2015.

2. IKHTISAR KEBIJAKAN AKUNTANSI PENTING 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES a. Dasar Penyusunan Laporan Keuangan Konsolidasian

dan Pernyataan Kepatuhan

a. Basis of Preparation of Consolidated Financial Statements and Statement of Compliance Laporan keuangan konsolidasian telah disusun

sesuai dengan Standar Akuntansi Keuangan (“SAK”), yang mencakup Pernyataan dan Interpretasi yang dikeluarkan oleh Dewan Standar Akuntansi Keuangan Ikatan Akuntan Indonesia termasuk beberapa standar baru atau yang direvisi, dan Peraturan-peraturan serta Pedoman Penyajian dan Pengungkapan Laporan Keuangan yang diterbitkan oleh Otoritas Jasa Keuangan (OJK)

The consolidated financial statements have been prepared in accordance with Financial Accounting Standards (“SAK”), which comprise the Statements and Interpretations issued by the Board of Financial Accounting Standards of the Indonesian Institute of Accountants, including applicable new or revised standards and the regulations and the Financial Statement Presentation and Disclosure Guidelines issued by The Financial Service Authority (OJK). Laporan keuangan konsolidasian, kecuali laporan

arus kas konsolidasian, telah disusun secara akrual dengan menggunakan konsep biaya perolehan (historical cost), kecuali untuk akun-akun tertentu yang dicatat berdasarkan basis lain seperti yang diungkapkan pada kebijakan akuntansi di masing-masing akun terkait.

The consolidated financial statements, except for the consolidated statements of cash flows, have been prepared on an accrual basis of accounting using the historical cost concept, except for certain accounts that are measured on the basis described in the related accounting policies.

Laporan arus kas konsolidasian disusun dengan menggunakan metode langsung (direct method), dan dikelompokkan ke dalam aktivitas operasi, investasi dan pendanaan.

The consolidated statements of cash flows are prepared using the direct method, being classified into operating, investing and financing activities. Mata uang pelaporan yang digunakan dalam

penyusunan laporan keuangan konsolidasian adalah Rupiah, yang juga merupakan mata uang fungsional Perusahaan.

The reporting currency used in the preparation of the consolidated financial statements is Rupiah, which is also the functional currency of the Company.

2. IKHTISAR KEBIJAKAN AKUNTANSI PENTING

(Lanjutan) (Continued)

b. Standar baru dan revisi atas standar yang berlaku berikut telah diterbitkan dan bersifat wajib bagi laporan keuangan konsolidasian Grup untuk periode yang dimulai pada atau setelah tanggal 1 Januari 2015 :

b. The consolidated financial statements include the accounts of the Company, all Subsidiaries that are controlled by the Company, and the proportionate share of the accounts of its jointly controlled entities.

- PSAK NO. 1 (Revisi 2013), “Penyajian Laporan Keuangan

- PSAK No. 24 (Revisi 2013), “ Imbalan Kerja” - PSAK No. 46 (Revisi 2014), “Akuntansi Pajak

Penghasilan”

- PSAK No. 48 (Revisi 2014), “Penurunan NIlai Aset”

- PSAK No. 50 (Revisi 2014), “Instrumen Keuangan : Penyajian”

- PSAK No. 55 (Revisi 2014), “Instrumen Keuangan : Pengakuan dan Pengukuran” - PSAK No. 60 (Revisi 2014) , “ Instrumen

Keuangan : Pengungkapan”

- PSAK No. 65 “Laporan Keuangan Konsolidasian”

- PSAK No. 66 “Pengaturan Bersama”

- PSAK No. 67, “Pengungkapan Kepentingan Dalam Entitas lain”

- PSAK No. 68, “Pengukuran Nilai Wajar” - ISAK No. 26 (Revisi 2014), “Penilaian Ulang

Derivatif Melekat”

- SFAS NO 1 (Revised 2013) “Presentation of Financial Statements”

- SFAS No. 24 (Revised 2013), “Employee Benefits” - SFAS No. 46 (Revised 2014), “Income Taxes” - SFAS No. 48 (Revised 2014), “Impairment of

Assets”

- SFAS No. 50 (Revised 2014), “Financial Instruments: Presentation”

- SFAS No. 55 (Revised 2014), “Financial Instruments : Recognition and Measurement”. - SFAS No. 60 (Revised 2014), “Financial

Instruments : Disclosures”

- SFAS NO. 65, “Consolidated Financial Statements” - SFAS No. 66, “Joint Arrangements”

- SFAS No. 67, “Disclosures of Interests in Other Entities”

- SFAS No. 68, “Fair Value Measurement”

- IFAS No.26 (Revised 2014), “Reassessment of Embedded Derivatives”

Pada saat penerapan PSAK 24 (Revisi 2013),

“Imbalan Kerja”, maka semua

keuntungan/(kerugian) aktuaria dari kewajiban imbalan pasca kerja Grup harus diakui secara langsung di dalam pendapatan komprehensif lainnya sedangkan biaya jasa lalu diakui pada laba rugi.

Upon the application of SFAS No. 24 (Revised 2013), “Employee Benefits”, all actuarial gains/(losses) of the Group’s post-employment benefit obligations are recognized immediately in other comprehensive income while the past service cost is recognized in profit or loss..

c. Prinsip-prinsip Konsolidasi c. Principles of Consolidation

i. Entitas anak i. Subsidiaries

i.1. Konsolidasi i.1. Consolidation

Entitas anak merupakan semua entitas (termasuk entitas bertujuan khusus), dimana Grup memiliki pengendalian. Grup mengendalikan suatu entitas ketika Grup memiliki hak atas imbal hasil variabel dari keterlibatannya dengan suatu entitas dan memiliki kemampuan untuk mempengaruhi imbal hasil tersebut melalui kekuasaannya atas entitas tersebut.

Subsidiaries are all entities (including structured entities), over which the Group has control. The Group controls an entity when the Group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity.

Entitas anak dikonsolidasikan sejak tanggal dimana pengendalian telah beralih kepada Grup dan tidak lagi dikonsolidasi sejak tanggal hilangnya pengendalian.

Subsidiaries are consolidated from the date on which control is transferred to the Group. They are de-consolidated from the date when that control ceases.

33. KOMITMEN DAN PERJANJIAN-PERJANJIAN PENTING (Lanjutan)

33. COMMITMENTS AND SIGNIFICANT AGREEMENTS (Continued)

Pihak pertama telah menjual saham miliknya sebanyak 1.300 lembar, dengan harga sebesar USD 1.500.000 kepada Perusahaan terbatas PT. Agis Resources.

The first party had sold his shares 1,300 shares with a price of USD 1,500,000 to the limited liability Company PT. Agis Resources.

Pihak pertama : Firmansyah Yusuf. Selaku pemilik atas 2.000 lembar saham dalam Perusahaan

First party: Firmansyah Yusuf. As the owner of 2,000 shares in Company.

Pihak kedua : Erwin Tan. Selaku Direktur dari dan oleh karena itu bertindak untuk dan atas nama PT. Agis Resources.

Second party: Erwin Tan. As a Director of and therefore acting for and on behalf PT Agis Resources.

Pihak pertama telah menjual saham miliknya sebanyak 1.300 lembar, dengan harga sebesar USD 1.500.000 kepada Perusahaan terbatas PT. Agis Resources.

The first party had sold his shares 1,300 shares with a price of USD 1,500,000 to the limited liability Company PT. Agis Resources.

34. KONTINJENSI 34. CONTINGENCIES

Sehubungan dengan Investment Agreement antara

Perusahaan dengan GEM Global Yield Fund (“GEM”) pada tanggal 23 April 2010. GEM akan memberikan fasilitas Equity Line of Credit (ELC) dengan jumlah sampai dengan Rp 200.000.000.000,(Dua Ratus Miliar Rupiah) tanpa bunga yang akan dikonversikan menjadi saham. Oleh sebab itu Perusahaan diwajibkan menerbitkan 500.000.000 (lima ratus juta) lembar waran kepada GEM dengan harga pelaksanaan Rp 125,-. Namun sampai dengan berakhirnya masa berlakunya keputusan Rapat Umum Pemegang Saham Luar Biasa (RUPSLB) tanggal 30 September 2010 mengenai Penambahan Modal tanpa HMETD, waran tersebut tidak dapat diterbitkan karena pihak GEM menolak memenuhi syarat dari Bursa Efek Indonesia. Guna melindungi kepentingan pemegang saham Perusahaan secara umum dan khususnya pihak-pihak yang terkait dalam perjanjian tersebut, maka pada tanggal 23 November 2012, Perusahaan melakukan gugatan hukum terhadap GEM melalui Pengadilan Negeri Jakarta Pusat melalui surat gugatan No.534/AFS-AGIS/XI/2012. Atas kejadian yang sama GEM melakukan gugatan terhadap Perusahaan melalui ICC – International Court of Arbritration dengan surat gugatan NO.

295/FBP-STN-GS-JS-YMS/III/13 melalui surat pemberitahuan

permintaan untuk melakukan siding arbitrase dari Secretariat of the ICC International Court of Arbitration – Asia Office yang telah Perusahaan terima pada tanggal 22 Maret 2013.

In connection with the Investment Agreement between the Company and GEM Global Yield Fund ("GEM") on April 23, 2010. GEM will provide facility Equity Line of Credit (ELC) amounting up to Rp 200,000,000,000,- (two hundred billion rupiah) without interest which will be converted into shares. Therefore, the Company is obliged to issue 500,000,000 (five hundred millions) copies of warrants to GEM at an exercise price of Rp 125, -. However, until the expiry of the validity period of the Shareholders Decision dated September 30, 2010 regarding the Additional Paid in Capital without HMETD, warrants can not be issued because the GEM refused to qualify from the Indonesia Stock Exchange. In order to protect the interests of shareholders of the Company in general and in particular the parties involved in the agreement, on November 23, 2012, the Company launched a lawsuit against GEM through the Central Jakarta District Court lawsuit by mail No.534/AFS-AGIS/XI / 2012. The same case GEM suing the Company through the ICC International Court of Arbitration to No.295/FBP-STN-GS-JS-YMS/III/13 lawsuit letter by mail notice to request the arbitral tribunal of the Secretariat of the ICC International Court of Arbitration - Asia Office who has the Company received on March 22, 2013.

34. KONTINJENSI (Lanjutan) 34. CONTINGENCIES (Continued) Pada tanggal 17 November 2014, Perusahaan telah

menerima Surat Keputusan Hasil Persidangan dari International Court of Commerce (ICC) International Court of Arbitration. Perusahaan telah memenangkan gugatan yang dilayangkan GEM Global Yield Fund dan GEM Investment Advisor (GEMIA ) pada persidangan Arbitrase Internasional ICC dengan no. kasus 19340/CYK. Majelis Hakim Arbitrase Internasional ICC mengabulkan gugatan balik Perusahaan terhadap GEM

yakni pembatalan demi hukum atas Investment

Agreement, dimana kondisi GEM maupun Perusahaan dikembalikan kepada posisi sebelum penandatanganan Investment Aggreement (restitution in integrum). Dan Majelis Hakim Arbitrase Internasional ICC juga mengabulkan gugatan ganti rugi yang diajukan oleh Perusahaan atas biaya-biaya yang telah Perusahaan

keluarkan selama proses penandatanganan Investment

Agreement serta biaya-biaya selama proses persidangan arbitrase ini.

Hasil putusan sidang tersebut telah mendapatkan pengesahan setelah didaftarkan di Pengadilan Negeri

Jakarta Pusat dengan akta No.

42/wasit/2014/PN.JKT.PST tanggal 10 Desember 2014.

On November 17, 2014, The Company got Letter Decree The Trial Results of the International Court of Commerce (ICC) International Court of Arbitration . The company got a lawsuit filed by the GEM Global Yield Fund and GEM Investment Advisor ( GEMIA ) in International Arbitration proceedings ICC with the case no. 19340/CYK . The Panel of Judges ICC International Arbitration in favor of the Company to GEM behind the cancellation by law on Investment Agreement, which between GEM and the Company conditions returned to the position before signing of Investment aggreement (Restitution in integrum). And the panel of judges ICC International Arbitration was also in favor of compensation filed by the Company for all the costs that the Company has paid during the signing of the Process Investment Agreement and all costs during the arbitration proceedings.

The Decree has been approved after registered in the Central Jakarta District Court with the deed No. 42 / wasit/ 2014 / PN.JKT.PST dated December 10, 2014 .

35. MANAJEMEN RISIKO 35. RISK MANAGEMENT

Dalam menjalankan kegiatan operasional sehari-hari, Grup menyadari sepenuhnya bahwa terdapat banyak risiko yang harus dikelola agar target yang telah ditetapkan manajemen dapat tercapai. Risiko yang timbul dapat bersumber dari internal ataupun eksternal Grup dan dapat berupa pengaruh positif atau negatif terhadap pencapaian tujuan.

In the course of daily operations, the Group is fully aware that there are risks must be managed so that the set target can be achieved. Risks that arise can be originated from internal or external and can be either positive or negative impact on the achievement of the Group objectives.

Manajemen Risiko Khusus Specific Risk Management

Risiko Ketidaksesuaian Perkiraan Cadangan dan Sumber Daya - Portofolio aset yang dimiliki Grup sangat rentan terhadap risiko ketidakpastian, baik dalam hal volume atau jumlah maupun kualitas. Perkiraan cadangan dan sumber daya yang dimiliki Grup, termasuk cadangan terbukti (proven) dan terduga (probable)

merupakan perkiraan yang dibuat berdasarkan

pengetahuan, pengalaman dan praktik dalam industri. Perkiraan tersebut dapat mengalami perubahan yang cukup signifikan apabila terdapat informasi baru dikemudian hari.

Incompatibility Risk of Reserves and Resource Estimates - The portfolio of assets owned by the Group is very susceptible to the risks of uncertainty, both in terms of volume or quantity and quality. The estimated reserves and resources owned by the Group, including proven reserves and probable reserves, are estimates based on knowledge, experience and practice in the industry. The estimates could change significantly if there is new information in the future.

35. MANAJEMEN RISIKO (Lanjutan) 35. RISK MANAGEMENT (Continued) Risiko-risiko yang berkaitan dengan perkiraan tersebut

diantaranya risiko adanya perbedaan antara perkiraan dengan kondisi sesungguhnya, termasuk kemungkinan perbedaan dalam hal kuantitas, volume dan kondisi geologis lainnya, peningkatan biaya produksi dan modal, dan lain-lain. Perkiraan tersebut berpotensi tidak akurat dan membutuhkan penyesuaian. Penyesuaian cadangan dan sumber daya logam, dapat mempengaruhi perkembangan rencana penambangan Grup serta berpotensi menimbulkan dampak yang material bagi kegiatan usaha, kondisi keuangan, hasil usaha dan prospek usaha Grup.

The risks associated with these estimates include the risk of differences between the estimates and actual conditions, including possible differences in quantity, volume and other geological conditions, increased production costs and capital, etc. The estimates are potentially inaccurate and May need adjustment. Adjustment to the reserves and resources of metals can affect the development of the mining plans of the Group and May potentially cause a material impact on the operations, financial condition, results of operations and business prospects of the Group.

Risiko Hukum - Perizinan dan Persetujuan - Kegiatan operasional Grup sangat bergantung pada kemampuan

untuk mendapatkan, mempertahankan dan

memperbaharui izin-izin, persetujuan-persetujuan serta mempertahankan konsesi yang dimilikinya, termasuk namun tidak terbatas pada dan ijin eksplorasi.

Legal Risk - Licenses and Permits - The operations of the Group are dependent on the ability to gain, maintain and renew licenses and permits as well as to maintain its concessions from the government, including, in particular, and exploration licenses.

Perubahan hukum dan peraturan terkait bisnis Grup - Hukum dan perundang-undangan serta peraturan pemerintah dibuat bertujuan untuk melindungi setiap warga negara. Namun adakalanya perubahan tersebut akan menghalangi maupun menghambat bisnis yang dilakukan oleh Grup. Atas dasar adanya potensi munculnya hambatan maupun peluang terhadap bisnis, maka Grup terus berupaya untuk terus memperbaharui penguasaan dan pemahaman atas hukum dan peraturan, khususnya yang berkaitan.

Changes in rules and regulations related to the Group’s business - The rule and regulations are produced with an aim to protect its citizen. The changes in rules and regulations are potentially becoming such an obstacle to the Group’s business, although sometimes it brought another opportunities. Based on potential threats and opportunities to the business, the Group makes serious effort to updates its acknowledgment and understanding of the government rules and regulation, particularly ones that related to the Group’s businesses.

Risiko penurunan harga produk - Saat ini siklus hidup produk, khususnya produk elektronik konsumen semakin pendek, dalam kurun kurang dari 1 tahun akan muncul produk baru dengan fitur-fitur yang lebih banyak dan lebih canggih sehingga akan menggerus pemasaran produk yang muncul lebih awal. Semakin lama suatu produk berada dalam inventori, maka nilainya akan berpotensi untuk turun lebih banyak dibandingkan produk yang memiliki perputaran lebih cepat.

Product’s Value Declining Risk. On the current product life cycles, particularly in Consumer Electronics, is getting shorter and even shorter, in less than a year newer products with more features and more sophisticated will be introduced, thus will eradicate the current product market. The longer a product stays in the inventory, its value will be declined faster than products with faster turn over.

Resiko Sumber Daya Manusia - Perputaran keluar-masuknya karyawan dalam Perusahaan membawa resiko tersendiri, khususnya dalam hal operasional Grup. Ketika seorang karyawan mengundurkan diri ataupun diberhentikan dari pekerjaannya, individu tersebut

membawa sebagian pengetahuan kolektif serta

pengalamannya dari Grup. Karyawan pengganti akan membutuhkan waktu agar dapat menyesuaikan dengan kondisi ideal. Pelatihan dan kursus-kursus dapat dijadikan salah satu upaya dalam memperkaya kemampuan dan khasanah pengetahuan karyawan.

Human Resources Risk - Employees turns around have its particular risk, especially on the Group’s operational. When an employee resigned or fired from his/her current jobs, the person leaving with part of collectives knowledge and his/her personal experiences from the Group. A replacement will took a while to adapt to get into its ideal condition. Training and courses are among the option to develop and empower the employees capabilities and knowledges.

35. MANAJEMEN RISIKO (Lanjutan) 35. RISK MANAGEMENT (Continued)

Manajemen Risiko Keuangan Financial Risk Management

Risiko Mata Uang Asing Foreign Currency Risk

Sebagian besar produk dan jasa yang ditawarkan Entitas Anak dan Asosiasi , PT Agis Electronic dan Entitas Anak Perusahaan merupakan produk-produk yang berasal dari principal di luar negeri yang nilainya terkait dengan kurs mata uang asing.

Most of the products and services offered by subsidiaries and Associations, PT Agis Electronic and Subsidiary Entities are products coming from overseas principals whose value is linked to foreign exchange rates

Risiko Likuiditas Liquidity Risk

Risiko likuiditas adalah risiko di mana posisi arus kas Grup menunjukkan pendapatan jangka pendek tidak cukup untuk menutupi pengeluaran jangka pendek.

Liquidity risk is the risk that the cash flow position of the Group showed a short-term income is not enough to cover short-term expenses .

Grup mengelola risiko likuiditas dengan

mempertahankan kas dan bank yang mencukupi dalam memenuhi komitmen Perusahaan untuk operasi normal Perusahaan dan secara rutin mengevaluasi proyeksi arus kas dan arus kas aktual, serta jadwal tanggal jatuh tempo aset dan liabilitas keuangan

The Group manages liquidity risk by maintaining cash and banks are sufficient to meet the Company 's commitment to the normal operation of the Company and regularly evaluate the cash flow projections and actual cash flows , as well as maturity date schedule of assets and financial liabilities

Risiko Kredit Credit Risk

Risiko kredit adalah risiko dimana pihak lain gagal menenuhi kewajiban yang timbul berdasarkan suatu perjanjian transaksi penjualan atau kontrak instrumen keuangan. Dengan kondisi bahwa sebagian besar kegiatan operasional Grup perusahaan masih berada dalam tahap eksplorasi, Grup relatif tidak memiliki Risiko

Kredit yang berasal dari perjanjian transaksi

perdagangan.

Credit risk is the risk that counterparty fail to meet its obligations under a trading contract or a financial instrument contract. With conditions that most of Group’s companies still operate in exploration stages, the Group relatively does not face credit risk which comes from contract transactions.

Risiko Suku Bunga Interest Rate Risk

Risiko suku bunga adalah risiko dimana nilai wajar atau arus kas masa datang dari suatu instrumen keuangan akan berfluktuasi akibat perubahan suku bunga pasar.

Interest rate risk is the risk that fair value of future cash flow of a financial instrument will fluctuate because of changes in market interest rate.

Risiko Harga Price Risk

Risiko harga adalah risiko fluktuasi nilai instrumen keuangan sebagai akibat perubahan harga pasar.

Risiko harga adalah risiko fluktuasi nilai instrumen keuangan sebagai akibat perubahan harga pasar.

Pengelolaan modal Price Risk

Dalam mengelola permodalannya, Grup senantiasa

mempertahankan kelangsungan usaha serta

memaksimalkan manfaat bagi pemegang saham dan pemangku kepentingan lainnya.

In managing capital, the Group safeguards its ability to continue as a going concern and to maximize benefits to the shareholders and other shareholders.

35. MANAJEMEN RISIKO (Lanjutan) 35. RISK MANAGEMENT (Continued)

Rasio gearing pada tanggal 30 Juni 2015 dan 31

Desember 2014 adalah sebagai berikut :

The gearing ratio as at June 30, 2015 and December 31, 2014 are as follow:

2015 2014

Jumlah pinjaman 105.297.261.303 105.385.289.663 Total borrowing

Kas dan bank 6.912.598.741 8.204.314.157 Cash and bank

Pinjaman bersih 112.209.860.044 113.589.603.820 Net borrowing

Total aset 1.171.961.603.943 1.175.103.158.823 Total assets

Total liabilitas 145.127.382.735 147.646.407.648 Total liabilities

Kekayaan berwujud bersih 1.317.088.986.678 1.322.749.566.471 Tangible net worth

Rasio gearing % 8,52% 8,59% Gearing ratio %

36. ASET MONETER DALAM MATA UANG ASING 36. MONETARY ASSETS IN FOREIGN CURRENCIES

Pada tanggal 30 Juni 2015 dan 31 December 2014, Grup mempunyai aset moneter dalam mata uang asing sebagai berikut :

As of June 30, 2015 and December 31, 2014, the Group had monetary assets in foreign currencies as follows :

Mata uang selain Rupiah/Qurrencies other than Rupiah

Ekuivalen Rupiah / Equivalent Rupiah

Mata uang selain Rupiah/Qurrencies other than Rupiah

Ekuivalen Rupiah / Equivalent Rupiah

Aset moneter Monetary assets

Kas Cash

Dolar Amerika Serikat 3.606 48.072.113 471 5.740.438 Dolar Amerika Serikat Dolar Singapura 1 8.280 1 8.219 Dolar Singapura Dolar Hongkong 286 492.223 429 674.482 Dolar Hongkong Baht Thailand 446 176.038 20 7.371 Baht Thailand Total 4.339 48.748.654 921 6.430.510 Total Bank

PT Bank OCBC Indonesia 4.755 63.389.271 4.843 64.570.815 PT Bank OCBC Indonesia PT Bank Central Asia Tbk 2.412 32.161.079 2.247 29.959.202 PT Bank Central Asia Tbk PT Bank Mandiri (Persero) Tbk 410 5.460.953 573 7.644.007 PT Bank Mandiri (Persero) Tbk PT Bank Artha Graha 335 4.466.845 154 2.047.998 PT Bank Artha Graha Total 7.912 105.478.148 7.817 104.222.022 Total

2015 2014

37. AKTIVITAS NON -KAS 37. NON-CASH ACTIVITIES

Aktivitas non-kas yang mendukung laporan arus kas konsolidasian adalah :

Non-cash activities supporting the consolidated statements of cash flows as follows :

30 Juni 2015/ 30 Juni 2014/ June 30, 2015 June 30, 2014

Pengurangan aset tetap Grup Proceeds from sales of fixed assets

melalui penghapusbukuan : through writte-off fixed assets

a Harga perolehan bangunan (2.021.946.037) - a. At cost of acquisition of buildings Akumulasi penyusutan bangunan 2.021.946.037 - Accumated depreciation of buildings Nilai buku bangunan - - Book value of buildings b Harga perolehan inventaris kantor (3.184.428.953) - b. At cost of acquisition of inventories Akumulasi penyusutan inventaris 3.184.428.953 - Accumulated depreciation of inventories Nilai buku inventoris kantor - - Book value of inventories

38. KEJADIAN SETELAH TANGGAL LAPORAN POSISI KEUANGAN

38. SUBSEQUENT EVENT

Sesuai dengan Akta Pernyataan Keputusan Rapat Perusahaan No.13 tanggal 14 Juli 2015 dari notaris Edwar, S.H, notaris di Jakarta, susunan komisaris dan direksi adalah:

Based on Deed No. 13 dated July 14, 2015 of Edwar, S.H., notary in Jakarta, boards of commisioners and directors are :

14 Juli 2015/ July 14, 2015

Dewan Komisaris Boards of Commissioners

Komisaris Utama Eka Hikmawati Supriyadi President Commissioner

Komisaris Yan Biao Commissioner

Komisaris Independen Poernomo Adjie Independent Commissioner

Dewan Direksi Boards of Directors

Direktur Utama Steven Kesuma President Director

Direktur Boling Aruan Director

Direktur Tidak Terafiliasi Adriano Wolfgang Pietruschka Unaffiliated Director

39. REKLASIFIKASI AKUN 39. RECLASSIFICATION OF ACCOUNTS

Beberapa angka perbandingan dalam laporan keuangan

konsolidasian tahun 31 Desember 2014 telah

direklasifikasi agar sesuai dengan penyajian laporan keuangan konsolidasian triwulan periode kedua tahun 2015. Reklasifikasi tersebut sebagai berikut :

Certain comparative figures in the December 31, 2014 consolidated financial statements have been reclassified to confirm to the second periods 2015 consolidated financial statements presentation. The reclassifications are as follows:

Sebelum reklasifikasi/ Before reclassification

Reklasifikasi/ Reclassification

Sesudah reklasifikasi/ After reclassification

Disajikan sebagai " Piutang lain-lain -

pihak berelasi - bagian aset lancar"/ 47.339.952.498 (45.984.545.008) 1.355.407.490

Presented as " Others receivables -related parties - current asset"

Disajikan sebagai "aset lainlain -piutang pihak berelasi-bagian aset tidak lancar'/

Presented as " other assets related parties receivables

-non-current assets 11.451.859.458 45.984.545.008 57.436.404.466

31 Desember/December 31 2014

Deskripsi/ Description