PT PEMBANGUNAN PERUMAHAN (PERSERO) TBK LAPORAN KEUANGAN INTERIM KONSOLIDASIAN

PT PEMBANGUNAN PERUMAHAN (PERSERO) TBK LAPORAN KEUANGAN INTERIM KONSOLIDASIAN 31 Maret 2016 dan 31 Desember 2015 dan Untuk Periode 3 (Tiga) Bulan Yang Berakhir pada Tanggal-tanggal 31 Maret 2016 dan 2015 CONSOLIDATED INTERIM FINANCIAL STATEMENTS 31 March 2015 and 31 December 2014 And For 3 (Three) Months Ended 31 March 2015 and 2014

PT PP (Persero) Tbk Jalan Letjend TB Simatupang No. 57 Pasar Rebo, Jakarta 13760 Telp. : (021) 8403883 (Hunting), Fax. (021) 8403890 Homepage : http://www.pt-pp.com, e-mail : [email protected] dan [email protected]

PT PP (Persero) Tbk

DAFTAR ISI I. SURAT PERNYATAAN DIREKSI

Halaman / Pages i

II. LAPORAN KEUANGAN

TABLE OF CONTENTS I. DIRECTOR'S STATEMENT LETTER II. FINANCIAL STATEMENTS

-

Laporan Posisi Keuangan Konsolidasian Per 31 Maret 2016 dan 2015.

1-2

- Consolidated Financial Position as of 31 March 2016 and 2015.

-

Laporan Laba (Rugi) dan Penghasilan Komprehensif Lain Konsolidasian Untuk Periode 3 (Tiga) Bulan Yang Berakhir 31 Maret 2016 dan 2015.

3

- Consolidated Statement of Income and Other Comprehensive Income for 3 (Three) Months Ended 31 March 2016 and 2015.

-

Laporan Perubahan Ekuitas Konsolidasian Untuk Periode 3 (Tiga) Bulan Yang Berakhir 31 Maret 2016 dan 2015.

4

- Consolidated Statements of Shareholders Equity for 3 (Three) Months Ended 31 March 2016 and 2015.

-

Laporan Arus Kas Konsolidasian Untuk Periode 3 (Tiga) Bulan Yang Berakhir 31 Maret 2016 dan 2015.

5

- Consolidated Statements of Cash Flow for 3 (Three) Months Ended 31 March 2016 and 2015.

III. CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK TAHUN-TAHUN YANG BERAKHIR 31 MARET 2016 DAN 31 DESEMBER 2015 SERTA UNTUK PERIODE 3 (TIGA) BULAN YANG BERAKHIR TANGGALTANGGAL 31 MARET 2016 DAN 2015.

TO THE CONSOLIDATED III. NOTES FINANCIAL STATEMENTS FOR THE YEARS THEN ENDED 31 MARCH 2016 AND 31 DECEMBER 2015 AND FOR 3 (THREE) MONTHS ENDED 31 MARCH 2016 AND 2015.

IV. INFORMASI TAMBAHAN

IV. ADDITIONAL INFORMATION

SURAT PERNYATAAN DIREKSI / DIRECTOR'S STATEMENT LETTER

LAPORAN KEUANGAN / FINANCIAL STATEMENTS

PT PP (Persero), Tbk.

PT PP (Persero), Tbk

DAN ENTITAS ANAK LAPORAN POSISI KEUANGAN KONSOLIDASIAN TANGGAL 31 MARET 2016 DAN 31 DESEMBER 2015 (Dinyatakan dalam rupiah penuh, kecuali dinyatakan lain)

URAIAN ASET ASET LANCAR Kas dan Setara Kas Investasi Jangka Pendek Piutang Usaha

Catatan / Notes

3d,3e,3f,4,46 3l,5,21,46 3d,3e,3g,6, 21, 46

AND ITS SUBSIDIARIES CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS OF 31 MARCH 2016 AND 31 DECEMBER 2015 (Expressed in full IDR, unless otherwise stated) 31 Maret / March 2016

1,315,045,742,246 161,200,000,000

31 Desember / December 2015

3,025,394,461,065 276,900,000,000

(dikurangi penurunan nilai wajar piutang usaha sebesar Rp165.411.965.157 dan Rp161.984.468.256 masing-masing per 31 Maret 2016 dan 31 Desember 2015)

3,136,687,180,527 409,842,170,386

2,510,492,079,141 416,878,144,799

3d,3e,3g,3h,7, 46

(net of impairment of retention receivable amounting of IDR49.854.217.386 and IDR49.550.074.521 each as of 31 March 2016 and 31 December 2015 , respectively)

Pihak Ketiga Pihak-Pihak Berelasi

808,459,592,644 449,735,882,622

744,116,219,449 436,360,760,611

3e,3g,3i,8,46

(net of impairment of gross receivable amounting of IDR138.605.340.573 and IDR163.207.478.963 each as of 31 March 2016 and 31 December 2015 respectively)


(bersih setelah dikurangi akumulasi penyusutan sebesar Rp23.347.804.663 dan Rp22.679.511.454 masing-masing per 31 Maret 2016 dan 31 Desember 2015)

2,613,053,024,142 1,981,254,474,888

3,037,067,784,346 1,684,253,548,059

69,076,860 1,541,277,485 2,585,471,812,475 3,000,000,000 413,432,701,047 389,145,206,089 444,347,513,716 17,118,458,599

247,315,921 3,640,001,869 2,498,625,335,323 3,000,000,000 48,602,192,221 467,771,455,951 259,322,122,429 17,864,013,374

Other Receivables Third Parties Related Parties Inventories Advance Payments of Joint Venture Advances Prepaid Taxes Prepaid Expenses Guarantees

14,729,404,113,726

15,430,535,434,558

Total Current Assets

787,024,728 247,992,592,095 367,929,895,052 83,849,050,000

787,024,728 247,992,592,095 272,134,035,052 73,799,050,000

NON CURRENT ASSETS Other Receivables Land For Development Investment in Associated Company Long Term Investment Others Investment Property

3e,9,46

3j,10,21 3q,11 12 3u,13a 3k,14 15

Jumlah Aset Lancar ASET TIDAK LANCAR Piutang Lain-lain Tanah Akan Dikembangkan Investasi Pada Entitas Asosiasi Investasi Jangka Panjang Lainnya Properti Investasi

3e,9,46 3j,10,21 3l,16 3l,17

3m,18,19,21,38

112,707,652,796

113,375,946,005

Aset Tetap (bersih setelah dikurangi akumulasi penyusutan sebesar Rp346.060.236.241 dan Rp330.104.438.992 masing-masing per 31 Maret 2016 dan 31 Desember 2015)

Aset Tidak Berwujud

Third Parties Related Parties Gross Receivables from Project Owners

(dikurangi penurunan nilai wajar tagihan bruto sebesar Rp138.605.340.573 dan Rp163.207.478.963 masing-masing per 31 Maret 2016 dan 31 Desember 2015)

Piutang Lain-Lain Pihak Ketiga Pihak-Pihak Berelasi Persediaan Uang Muka Ventura Bersama Uang Muka Pajak Dibayar Dimuka Beban Dibayar Dimuka Jaminan

Third Parties Related Parties Retention Receivables

(dikurangi penurunan nilai wajar piutang retensi sebesar Rp49.854.217.386 dan Rp49.550.074.521 masing-masing per 31 Maret 2016 dan 31 Desember 2015)

Tagihan Bruto Kepada Pemberi Kerja

ASSETS CURRENT ASSETS Cash and Cash Equivalents Short-Term Investments Account Receivables (net of impairment of account receivable amounting of IDR165.411.965.157 and IDR161.984.468.256 each as of 31 March 2016 and 31 December 2015, respectively)

Pihak Ketiga Pihak-Pihak Berelasi Piutang Retensi

DESCRIPTIONS

Third Parties Related Parties

(net of accumulated depreciation of IDR23.347.804.663 and IDR22.679.511.454 each as of 31 March 2016 and 31 december 2015, respectively)

Fixed Assets

3n,19,21,38 20

Jumlah Aset Tidak Lancar JUMLAH ASET

3,122,099,699,245

2,989,066,252,797

(net of accumulated depreciation of IDR346.060.236.241 and IDR330.104.438.992 as of 31 March 2016 and 31 December 2015, respectively)

1,142,447,184

1,121,447,184

Intangible Assets

3,936,508,361,100

3,698,276,347,861

Total Non Current Assets

19,128,811,782,419

TOTAL ASSETS

18,665,912,474,826

(Lihat Catatan atas Laporan Keuangan Konsolidasian yang merupakan bagian tidak terpisahkan dari Laporan Keuangan Konsolidasian)

(See Notes to the Consolidated Financial Statements which are an integral part of the Consolidated Financial Statements)

3



DAN ENTITAS ANAK LAPORAN POSISI KEUANGAN KONSOLIDASIAN TANGGAL 31 MARET 2016 DAN 31 DESEMBER 2015 (Dinyatakan dalam rupiah penuh, kecuali dinyatakan lain) Catatan / Notes

URAIAN LIABILITAS JANGKA PENDEK Utang Bank - Jangka Pendek Pihak Ketiga Pihak-Pihak Berelasi Utang Non Bank - Pihak Berelasi Utang Usaha Pihak Ketiga Pihak-Pihak Berelasi Utang Pajak Liabilitas Pajak Penghasilan Final Pendapatan Diterima Dimuka Beban Yang Masih Harus Dibayar Bagian Liabilitas Jangka Panjang Yang Jatuh Tempo dalam Waktu Satu Tahun Utang Bank Surat Berharga Jangka Menengah Uang Muka Pemberi Pekerjaan dan Konsumen Utang Sewa Guna Usaha Utang Jangka Pendek Lainnya

3e,5,6,10,18,19,21,4 6


DESCRIPTIONS

CURRENT LIABILITIES Short Term Bank Loans Third Parties Related Parties Non Bank Loans - Related Parties Trade Payables Third Parties Related Parties Taxes Payable Final Income Tax Liabilities Unearned Revenue Accrued Expenses

109,067,959,675 1,147,275,079,906 401,594,722,960

6,538,732,486,785 29,565,874,529 53,306,207,274 309,496,467,267 9,166,209,881 341,585,241,749

7,861,184,653,253 26,606,966,541 56,570,043,478 291,211,795,262 9,626,335,196 324,088,272,363

31 26 3r,27

62,659,288,535 700,258,490,270

106,954,129,392 697,645,031,616

3n,28 3t,29

8,221,012,051 72,466,890,337

14,492,096,002 68,096,467,462

Current Portion of Long Term Liabilities Bank Loans Medium Term Notes Advances from Project Owners and Consumers Leasing Payable Other Short Term Liabilities

10,299,105,092,433

11,114,413,553,106

Total Current Liabilities

78,545,556

113,842,892

57,434,629,218 325,273,624,457

29,036,221,948 555,413,002,074

6,10,19,22,46 3e,23,46

3u,13b 3u,13c 3t,24 3t,25

3s,30 31.46

27 28

630,000,000,000 870,012,691,384

3n,29 3p,32 33

25,831,545,955 998,777,033,262 201,586,003,217

Jumlah Liabilitas Jangka Panjang Jumlah Liabilitas EKUITAS Ekuitas yang dapat diatribusikan kepada: Pemilik Entitas Induk Modal Saham - Nilai Nominal Rp100 per 31 Maret 2016 dan 31 Desember 2015 Modal Dasar - 15.000.000.000 Saham Modal Ditempatkan dan Disetor 4.842.436.500 saham masing-masing per 31 Maret 2016 dan 31 Desember Tambahan Modal Disetor Perubahan Ekuitas Pada Entitas Anak Keuntungan Revaluasi Aset Tetap Pengukuran Kembali Program Pensiun Imbalan Pasti Saldo Laba : Ditentukan Penggunaannya Belum Ditentukan Penggunaannya Jumlah Kepentingan Non Pengendali Jumlah Ekuitas

31 Maret / March 2016

254,429,195,239 1,240,733,624,930 678,484,103,585

Jumlah Liabilitas Jangka Pendek LIABILITAS JANGKA PANJANG Liabilitas Program Imbalan Kerja Utang Jangka Panjang Pihak Ketiga Pihak-Pihak Berelasi Liabilitas Jangka Panjang setelah Dikurangi Yang Jatuh Tempo dalam Waktu Satu Tahun Surat Berharga Jangka Menengah Uang Muka Pemberi Pekerjaan dan Konsumen Utang Sewa Guna Usaha Utang Obligasi Utang Jangka Panjang Lainnya

AND ITS SUBSIDIARIES CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS OF 31 MARCH 2016 AND 31 DECEMBER 2015 (Expressed in full IDR, unless otherwise stated)

35

JUMLAH LIABILITAS DAN EKUITAS

Long-Term Liabilities Net of Current Portion 330,000,000,000 Medium Term Notes 911,779,722,569 Advances from Project Owners and Consumers 25,831,545,955 Leasing Payable 998,635,662,420 Bonds Payable 44,515,997,292 Other Long Term Liabilities

3,108,994,073,049

2,895,325,995,150

Total Non Current Liabilities

13,408,099,165,482

14,009,739,548,256

Total Liabilities

34

19 3s,30

NON CURRENT LIABILITIES Liabilities of Employment Benefits Long Term Liabilities Third Parties Related Parties

484,243,650,000 431,845,369,858 255,864,120,167 1,193,425,440,215 (21,818,765,368)

2,047,155,142,292 98,169,529,785 4,488,884,486,949 768,928,822,395 5,257,813,309,344 18,665,912,474,826


SHAREHOLDERS EQUITY Equity attributable to: Owners of the Company Share Capital-par value IDR100 per share as at 31 March 2016 and 31 Authorized Capital-15,000,000,000 shares Issued and Paid Up Capital 4,842,436,500 shares each as of 31 484,243,650,000 March 2016 and 31 December 2015 431,845,369,858 Additional Paid-in Capital 255,864,120,167Changes in Equity of Subsidiary Company 1,193,468,915,718 Gain of Fixed Asset Revaluation (30,700,284,379) Remeasurement Employee Benefit Pension Program Retained Earnings : 1,306,831,960,371 Appropriated 740,323,181,921 Unappropriated 4,381,876,913,656 Total 737,195,320,507 Non Controlling Interest 5,119,072,234,163 Total Shareholders Equity TOTAL LIABILITIES AND 19,128,811,782,419 SHAREHOLDERS EQUITY (See Notes to the Consolidated Financial Statements which are an integral part of the Consolidated Financial Statements)

4



DAN ENTITAS ANAK Laporan Laba (Rugi) dan Penghasilan Komprehensif Lain Konsolidasian Untuk Periode 3 (Tiga) Bulan Yang Berakhir Pada Tanggal-tanggal 31 Maret 2016 Dan 2015 (Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain)

URAIAN

Catatan / Notes

Pendapatan Usaha Beban Pokok Penjualan

3e,3t,36,45 3t,37

Laba Kotor Beban Usaha Pegawai Umum Penyusutan Pemasaran Jumlah Beban Usaha

3t,39 3t,40 3g,6,41 42 3q,43 44

Laba Sebelum Pajak Penghasilan Penghasilan (Beban) Pajak Pajak Kini Pajak Final Pajak Tidak Final


2,587,680,864,887 (2,227,729,835,454)

1,981,795,602,320 (1,701,403,536,275)

Operating Revenues Cost of Goods Sold

359,951,029,433

280,392,066,045

Gross Profit

72,544,659,860 23,525,676,278 7,014,998,629 1,588,243,602

66,023,153,998 18,521,599,325 3,057,534,445 1,046,812,279

Operating Expenses Employees General Depreciation Marketing

104,673,578,369

88,649,100,047

255,277,451,064

191,742,965,998

9,756,536,907 (11,095,985,736) (3,432,498,889) (35,981,023,017) 5,793,453,573 -

7,747,255,013 (14,883,114,837) (4,867,513,314) (20,874,103,755) 3,192,617,834 -

220,317,933,902

162,058,106,939

Profit Before Income Tax

(88,704,348,699) (1,710,553,530)

(66,242,081,643) (2,199,737,293)

Income Tax (Expenses) Current Tax Final Tax Non Final Tax

(90,414,902,229)

(68,441,818,936)

Total Income (Expenses) Tax

129,903,031,673

93,616,288,003

Current Profit of Continued Operations

3u,13d

Jumlah Penghasilan (Beban) Pajak Laba Tahun Berjalan dari Operasi Yang Dilanjutkan Penghasilan Komprehensif Lain Pos Yang Tidak Akan Direklasifikasi ke Laba (Rugi) Keuntungan Revaluasi Aset Tetap Pengukuran Kembali Program Pensiun Imbalan Pasti Pajak Penghasilan Terkait Dengan Pos Yang Tidak Direklasifikasi Jumlah Penghasilan Komprehensif Lain Tahun Berjalan Jumlah Laba (Rugi) dan Penghasilan Komprehensif Lain Tahun Berjalan Laba yang dapat diatribusikan kepada : Pemilik entitas induk Kepentingan nonpengendali

Total Operating Expenses Operating Income Others Income (Expenses) Other Income Other Expenses Impairment Funding / Interest Expenses Profit From Joint Venture Income From Associated Company

Other Comprehensive Income Post That Will Not Be Reclassified to Income (Loss ) 19 3s,16 19

35

-

-

8,881,519,011 (43,475,503)

-

8,838,043,508

-

Gain of Fixed Asset Revaluation Remeasurement Employee Benefit Pension Program Income Tax Not Related To The Reclassified Post Total Other Current Comprehensive Income

138,741,075,181

93,616,288,003

Total Income (Loss ) and Other Current Comprehensive Income Income distributed to:

98,169,529,785 31,733,501,888 129,903,031,673

93,533,259,816 83,028,187 93,616,288,003

Parent Company's shareholders Non controlling interest

Jumlah Laba (Rugi) dan Penghasilan Komprehensif Lain Tahun Berjalan yang dapat diatribusikan kepada: Pemilik entitas induk Kepentingan nonpengendali

DESCRIPTIONS


3t,19,20,38

Laba Usaha Pendapatan (Beban) Lain-lain: Pendapatan Lainnya Beban Lainnya Beban Penurunan Nilai Piutang Beban Pendanaan / Bunga Bagian Laba Ventura Bersama Bagian Laba Entitas Asosiasi

AND ITS SUBSIDIARIES Consolidated Statement of Income and Other Comprehensive Income For The Period 3 ( Three ) Month Ended March 31, 2016 And 2015 (Expressed in full IDR, unless otherwise stated)

Total Income (Loss ) and Other Current Comprehensive Income distributable to:

35

107,007,573,293 31,733,501,888 138,741,075,181

93,533,259,816 83,028,187 93,616,288,003

20

19

Laba per Saham Dasar (dalam rupiah) :

Parent Company's shareholders Non controlling interest Earning Per Share Authorized Capital (IDR)



5



DAN ENTITAS ANAK LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN UNTUK PERIODE 3 (TIGA) BULAN YANG BERAKHIR PADA TANGGAL-TANGGAL 31 MARET 2016 DAN 2015 (Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain)

Modal Saham /

Uraian

Saldo 1 Januari 2015

Share Capital

484,243,650,000

AND ITS SUBSIDIARIES CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDER'S EQUITY FOR THE PERIOD 3 ( THREE ) MONTH ENDED MARCH 31, 2016 AND 2015 (Expressed in full IDR, unless otherwise stated)

Tambahan Modal Disetor /

Perubahan Ekuitas Pada Entitas Anak /

Addition Paid in Capital

Changes in Equity of Subsidiary Company

462,018,090,364

Pengukuran Keuntungan Kembali Program Revaluasi Aset Pensiun Imbalan Tetap / Pasti / Remeasurement Gain of Fixed Employee Benefit Asset Revaluation Pension Program -

(29,322,995,961)

-

Laba Ditahan / Retained Earnings Ditentukan Penggunaanya / AppropriatedCadangan Cadangan untuk Pengembangan Perseroan / Company Development 812,361,449,748

Bertujuan / Appropriated Reserve 71,176,550,778

Jumlah /

Belum Ditentukan Penggunaannya / Unappropriated

Kepentingan Nonpengendali/

Total Ekuitas /

Non-controlling Interest

Total Equity

Total 533,406,543,587

2,333,883,288,516

1,049,581,738

2,334,932,870,254

93,533,259,816

93,533,259,816

83,028,187

93,616,288,003

Laba Bersih Komprehensif

484,243,650,000

Dividen Cadangan Program Kemitraan dan Bina Lingkungan Selisih Nilai Transaksi Restrukturisasi Entitas Sepengendali Pengaruh Akuisisi

462,018,090,364

-

(29,322,995,961)

-

812,361,449,748

71,176,550,778

626,939,803,403

2,427,416,548,332

1,132,609,925

2,428,549,158,257

400,418,843,347

26,597,540,048

(106,390,160,192) (427,016,383,395)

(106,390,160,192) -

-

(106,390,160,192) -

(3,722,423,550)

(3,722,423,550)

(30,172,720,506)

Entitas Anak PT HKM Perubahan Ekuitas Pada Entitas Anak Laba Bersih Komprehensif Periode Apr - Des 2015 Saldo 31 Desember 2015

(1,377,288,418) 1,193,468,915,718 431,845,369,858

255,864,120,167

(30,700,284,379) 1,193,468,915,718

1,209,057,869,545

97,774,090,826

(30,172,720,506)

for Period Jan - Mar 2015 Balance as of 31 Desember 2013 Dividend Reserve Partnership & Environment Development Program Difference in value of restructuring transaction among entities under control Effect ofcommon acquisition of

(30,172,720,506)

1,704,627,529 629,200,991,543

646,789,922,105

255,864,120,167 1,838,881,549,405

105,157,091,510

1,704,627,529 subsidiaries PT HKM 885,065,111,710 Changes in Equity of Subsidiary Company Comprehensive Income 1,944,038,640,915 for Period Apr - Dec 2015

740,323,181,921

4,381,876,913,656

737,195,320,507

5,119,072,234,163

98,169,529,785

107,007,573,293

31,733,501,888

138,741,075,181

838,492,711,706

4,488,884,486,949

768,928,822,395

5,257,813,309,344

255,864,120,167

484,243,650,000

(3,722,423,550)

Laba Bersih Komprehensif

Balance as of 31 December 2015 Comprehensive Income

Periode Jan - Mar 2016 Saldo 31 Maret 2016

Balance as of 1 January 2015 Comprehensive Income

Periode Jan - Mar 2015 Saldo 31 Maret 2015

Descriptions

8,881,519,011 484,243,650,000

431,845,369,858

255,864,120,167

(43,475,503)

(21,818,765,368) 1,193,425,440,215

1,209,057,869,545


97,774,090,826

for Period Jan - Mar 2015 Balance as of 31 Desember 2013


6



DAN ENTITAS ANAK LAPORAN ARUS KAS KONSOLIDASIAN UNTUK PERIODE 3 (TIGA) BULAN YANG BERAKHIR PADA TANGGAL-TANGGAL 31 MARET 2016 DAN 2015 (Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain)

URAIAN

ARUS KAS DARI AKTIVITAS OPERASI Penerimaan Kas dari Pelanggan Pembayaran Kas Kepada : Pemasok dan Subkontraktor Direksi Karyawan dan Pihak Ketiga Lainnya Kas yang dihasilkan dari (digunakan untuk) Operasi Pembayaran Pajak-pajak Penerimaan Pajak (Restitusi) Pembayaran Bunga Kas Bersih diperoleh dari (digunakan untuk) Aktivitas Operasi ARUS KAS DARI AKTIVITAS INVESTASI Penerimaan Investasi Jangka Pendek (Pembayaran) Investasi Jangka Pendek Pengurangan (Penambahan) Investasi Ventura Bersama Penerimaan Bunga (Penambahan) Investasi Pada Entitas Asosiasi (Penambahan) Aset dalam Penyelesaian Penambahan Aset: Properti Investasi Aset Tetap Kas Bersih diperoleh dari (digunakan untuk) Aktivitas Investasi ARUS KAS DARI AKTIVITAS PENDANAAN Pembayaran Dividen, Program Kemitraan dan Bina Lingkungan Penerimaan Obligasi Pembayaran Biaya Emisi Saham dan Obligasi Penerimaan Utang Bank Pembayaran Utang Bank Penambahan Surat Berharga Jangka Menengah Pembayaran Surat Berharga Jangka Menengah Penerimaan Utang Non Bank Pembayaran Utang Non Bank Kas Bersih diperoleh dari (digunakan untuk) Aktivitas Pendanaan

AND ITS SUBSIDIARIES CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEARS ENDED FOR 31 THE DECEMBER PERIOD2015, 3 ( THREE 2014, )AND MONTH 2013 ENDED MARCH 31, 2016 AND 2015 (Expressed in full IDR, unless otherwise stated)

31 Maret /

31 Maret /

March 2016

March 2015

2,304,741,764,810

2,138,489,239,641

(3,355,518,278,194) (3,368,802,640) (62,204,513,020) (1,116,349,829,044)

(2,839,583,357,375) (2,330,622,838) (64,597,192,567) (768,021,933,139)

(132,983,874,517) 111,740,843,858 (31,059,711,849)

(160,155,172,202) 4,282,009,066 (31,745,633,884)

(1,168,652,571,551)

(955,640,730,159)

133,780,342,167 (20,500,000,000)

17,300,000,000 (32,623,478,832)

608,408,564 12,050,200,788 (112,947,236,000)

6,243,118,574 -

(74,710,068,000) (2,395,103,691) (39,267,685,420)

(1,565,695,629) (27,442,540,162)

(103,381,141,592)

(38,088,596,049)

DESCRIPTIONS

CASH FLOWS FROM OPERATING ACTIVITIES Cash Receipts from Customers Payments to : Supplier and Subcontractors Directors Employees and Third Party Cash provided by (used in) Operating Activities Taxes Payment Taxes Received (Restitution) Payments of Interest Expense Net Cash provided by (used in) Operating Activities CASH FLOWS FROM INVESTING ACTIVITIES Addition in Short - Term Investments (Payment) of Short - Term Investments Reduction (Addition) for Investment in Joint Venture Receipts of Clearing Account Interest Addition of Investment in Associated Company Addition for Assset in Construction Addition in Assets Investment Property Fixed Assets Net Cash provided by (used in) Investing Activities CASH FLOWS FROM FINANCING ACTIVITIES Payment of Dividend, Partnership & Environment Development Program Bond Receipt Payment of Issuance of Shares and Bonds Receipt of Bank Loans Payment of Bank Loans Additional of Medium Term Notes Payment of Medium Term Notes Receipt of Non Bank Loans Payment of Non Bank Loans Net Cash provided by (used in) Financing Activities

1,574,312,746,442 (2,591,526,347,198) 300,000,000,000 665,700,000,000 (381,389,185,018)

300,000,000,000 (240,000,000) 1,340,187,591,860 (2,126,216,879,877) 178,632,459,470 (64,612,940,157)

(432,902,785,774)

(372,249,768,704)

(1,704,936,498,917)

(1,365,979,094,912)

(5,412,219,904)

1,426,783,014

EFFECT OF CHANGES IN FOREIGN CURRENCIES

SALDO KAS DAN SETARA KAS PADA AWAL TAHUN

3,025,394,461,067

2,408,126,221,585

CASH AND CASH EQUIVALENTS BEGINNING

SALDO KAS DAN SETARA KAS - AKHIR

1,315,045,742,246

1,043,573,909,687

CASH AND CASH EQUIVALENTS - ENDING

KENAIKAN (PENURUNAN) BERSIH KAS DAN SETARA KAS LABA (RUGI) SELISIH KURS


NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS


7

CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN / NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT

PT PP (Persero), Tbk. DAN ENTITAS ANAK

PT PP (Persero), Tbk. AND ITS SUBSIDIARIES

Catatan Atas Laporan Keuangan Konsolidasian Notes To The Consolidated Financial Statements 31 Maret 2016 dan 31 Desember 2015 31 March 2016 and 31 December 2015 Serta Untuk Periode 3 (Tiga) Bulan Yang Berakhir Pada Tanggal-Tanggal And For 3 (Three) Months Ended 31 Maret 2016 dan 2015 31 March 2016 and 31 December 2015 (Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) (Expressed in full IDR, unless otherwise stated) 1. UMUM a.

1. GENERAL INFORMATION

Pendirian dan Kegiatan Perusahaan

a. Establishment and Line of Business

Perseroan semula berbentuk N.V. Pembangunan Perumahan, yang merupakan hasil peleburan suatu Perusahaan Bangunan bekas milik Bank Industri Negara yang didirikan berdasarkan Akta Notaris Raden Mr. Soewandi di Jakarta, No. 48 tanggal 26 Agustus 1953 (Bank Industri Negara kemudian dilebur menjadi Bank Pembangunan Indonesia), dan selanjutnya berdasarkan Undang-Undang No.19 PRP Tahun 1960 dilebur ke dalam P.N.Pembangunan Perumahan, suatu Perusahaan Negara yang didirikan berdasarkan Peraturan Pemerintah No.63 Tahun 1961 tanggal 29 Maret 1961 tentang Pendirian Perusahaan Negara Pembangunan Perumahan, yang telah diumumkan dalam Lembaran Negara Republik Indonesia No.84/1961, Tambahan Lembaran Negara Republik Indonesia No.2218.

The Company was initially named N.V. Pembangunan Perumahan, which resulted from merger of a construction company owned by Bank Industri Negara established under the notary deed No. 48 dated 26 August 1953 of the notary Raden Mr. Soewandi in. The Bank Industri Negara was then merged to Bank Pembangunan Indonesia. Subsequently based on the Law No.19 PRP of 1960 was merged to P.N.Pembangunan Perumahan, a state owned company established under the Government Regulation No.63 of 1961 dated 29 March 1961, published in the State Gazette No.84/1961, and Supplement thereto No.2218.

Selanjutnya berdasarkan Peraturan Pemerintah No. 39 Tahun 1971 tentang Pengalihan Bentuk Perusahaan Negara (PN) Pembangunan Perumahan Menjadi Perusahaan Perseroan (Persero), yang telah diumumkan dalam Lembaran Negara Republik Indonesia No. 50 tahun 1971, bentuk Perusahaan Negara Pembangunan Perumahan diubah menjadi Perusahaan Perseroan (Persero) dan didirikan dengan Akta Perseroan Terbatas PT Pembangunan Perumahan No. 78 tanggal 15 Maret 1973 Jo. Akta Perubahan No.247 tanggal 21 Maret 1974, keduanya dibuat di hadapan Kartini Muljadi, S.H., Notaris di Jakarta (“Akta Pendirian”), yang telah mendapat pengesahan dari Menteri Kehakiman Republik Indonesia berdasarkan Keputusannya No. Y.A.5/105/2 tanggal 30 Maret 1974; didaftarkan di Pengadilan Negeri Jakarta pada tanggal 3 April 1974, di bawah No. 1186 dan 1187; dan diumumkan dalam Berita Negara Republik Indonesia No. 48 tanggal 14 Juni 1974, Tambahan Berita Negara Republik Indonesia No. 249/1974.

Subsequently by the Government Regulation No. 39 of 1971 on reforming the state owned company - PN Pembangunan Perumahan to become Perseroan (Persero) which published in the State Gazette No. 50 of 1971 the Company legal form was changed into Perusahaan Perseroan (Persero), established under the notary deed No. 78 dated 15 March 1973 in conjunction with deed of amendment No.247 dated 21 March 1974 both made before the notary Kartini Muljadi, S.H., in Jakarta which was approved by the Minister of Justice with his decree Y.A.5/105/2 dated 30 March 1974; registered in the Jakarta District Court on 3 April 1974, under register numbers No. 1186 and 1187 and was published in the state Gazette No. 48 dated 14 June 1974, Supplement there to No. 249/1974.

Anggaran Dasar Perseroan yang termuat dalam Akta Pendirian telah mengalami beberapa kali perubahan, diantaranya yaitu:

The Articles of association of the Company have been amended for several times as follows:

6



Catatan Atas Laporan Keuangan Konsolidasian Notes To The Consolidated Financial Statements 31 Maret 2016 dan 31 Desember 2015 31 March 2016 and 31 December 2015 Serta Untuk Periode 3 (Tiga) Bulan Yang Berakhir Pada Tanggal-Tanggal And For 3 (Three) Months Ended 31 Maret 2016 dan 2015 31 March 2016 and 31 December 2015 (Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) (Expressed in full IDR, unless otherwise stated) 1. UMUM (lanjutan) a.

1. GENERAL INFORMATION (continued)

Pendirian dan Kegiatan Perusahaan (lanjutan)

a. Establishment and Line of Business (continued)

1. Perubahan Anggaran Dasar dalam rangka penyesuaian dengan ketentuan Undang-undang No.1 Tahun 1995 tentang Perseroan Terbatas, yang dilakukan berdasarkan Akta Perubahan Anggaran Dasar Perusahaan Perseroan (Persero) PT Pembangunan Perumahan No.13 tanggal 15 April 1998 Jo. Akta Perbaikan No.69 tanggal 18 Juni 1998, keduanya dibuat di hadapan Imas Fatimah, S.H., Notaris di Jakarta, yang telah mendapat persetujuan dari Menteri Kehakiman Republik Indonesia berdasarkan Keputusannya No. C213771.HT.01.04-TH.98 tanggal 15 September 1998;

1. The amendment to the Articles of Association to conform to stipulations in the Law No.1 of 1995 on limited liability companies, based on changes in the Company's Articles of Association No.13 dated 15 April 1998 in conjunction with amendment No.69 dated 18 June 1998, all of them made before the notary Imas Fatimah, S.H., in Jakarta. The amendments was approved by the Minister of Justice with his decree No. C2-13771.HT.01.04-TH.98 dated 15 September 1998.

Laporan Perubahan Anggaran Dasar telah diterima dan dicatat pada tanggal 15 September 1998, dengan No. C2-13770.HT.01.04.Th.98; telah didaftarkan dalam Daftar Perusahaan di Kantor Pendaftaran Perusahaan Kodya Jakarta Timur pada tanggal 3 Juni 1999, dengan No. Agenda 1313/BH.09.04/VI/99; dan telah diumumkan dalam Berita Negara Republik Indonesia No.74 tanggal 14 September 1999, Tambahan Berita Negara Republik Indonesia No.5731;

The report on amendment of Articles of Association was registered on 15 September 1998, under No. C213770.HT.01.04.Th.98, registered in the Company Register of the office of Companies Registrant of East Jakarta, on dated 3 June 1999, under No. Agenda 1313/BH.09.04/VI/99, and published in the State Gazette No.74 dated 14 September 1999, and Supplement thereto No.5731;

2. Perubahan Anggaran Dasar dalam rangka penyesuaian dengan Undang-Undang No.19 Tahun 2003 tentang Badan Usaha Milik Negara, yang dilakukan berdasarkan Akta Perubahan Anggaran Dasar No. 99 tanggal 23 Desember 2003, yang dibuat di hadapan Nila Noordjasmani Soeyasa Besar, S.H., pengganti dari Imas Fatimah, S.H., Notaris di Jakarta, yang telah mendapat persetujuan dari Menteri Kehakiman dan Hak Asasi Manusia Republik Indonesia berdasarkan keputusan No. C-30255 HT.01.04.TH.2003 tanggal 31 Desember 2003,

2. Amendment to the Articles of Association to conform to Law No.19 of 2003 on state owned companies, by amendment to articles of association No. 99 dated 23 December 2003 made before the notary Nila Noordjasmani Soeyasa Besar, S.H, acting on behalf of the notary Imas Fatimah, S.H., in Jakarta, approved by the Minister of Justice and Human Rights with his decree No. C-30255 HT.01.04.TH.2003 dated 31 December 2003.

7







2. Laporan Perubahan Anggaran Dasar telah diterima dan dicatat dalam Database Sisminbakum Dirketorat Jenderal Administrasi Hukum Umum Departemen Kehakiman dan Hak Asasi Manusia Republik Indonesia pada tanggal 31 Desember 2003, dengan No. C-30256 HT.01.04.TH.2003, telah didaftarkan dalam Daftar Perusahaan di Kantor Pendaftaran Perusahaan Kodya Jakarta Timur pada tanggal 23 Januari 2004, dengan No. Agenda 107/BH.09.04/I/04 dan telah diumumkan dalam Berita Negara Republik Indonesia No. 13 tanggal 13 Februari 2004, Tambahan No. 1622;

2. The report on amendment was registered in the database of Sisminbakum of Directorate of Legal Administration, Ministry of Justice and Human Rights on 31 December 2003, under No. C-30256 HT.01.04.TH.2003, registered in the Company Register of the office of Companies Registrant of East Jakarta on 23 January 2004, under Agenda No. 107/BH.09.04/I/04 and published in the State Gazette No. 13 dated 13 February 2004, and Supplement thereto No. 1622.

3. Perubahan Anggaran Dasar dalam rangka penyesuaian dengan Undang-Undang Nomor 19 Tahun 2003, Undang-Undang Nomor 40 Tahun 2007, Peraturan Pemerintah Nomor 45 Tahun 2005, yang dilakukan berdasarkan Akta Pernyataan Keputusan Pemegang Saham Di luar Rapat dan Perubahan Anggaran Dasar No. 121 tanggal 31 Juli 2008, yang dibuat di hadapan Imas Fatimah S.H., Notaris di Jakarta, yang telah mendapatkan persetujuan dari Menteri Hukum dan Hak Asasi Manusia No.AHU-54836.AH.01.02.Tahun 2008 tanggal 25 Agustus 2008, didaftarkan dalam Daftar Perseroan dengan No.AHU-0075254.AH.01.09.Tahun 2008 tanggal 25 Agustus 2008, dan diumumkan dalam Berita Negara Republik Indonesia No.86 tanggal 24 Oktober 2008, Tambahan No. 21058.

3. Amendment of the Company's articles of association to conform to Law 19 of 2003, Law No. 40 Tahun 2007, and Government Regulation No. 45 of 2005 made by deed of Resolution of Shareholders in conjunction with General Meeting of Shareholders and Amendment of the articles of Association of PT Pembangunan Perumahan (Persero) of the notary public Imas Fatimah S.H in Jakarta No. 121 dated 31 July 2008. The amendment was approve by the Ministries of Law and Human Rights of the Republic Indonesia with his decree No. AHU-54836.AH.01.02 Tahun 2008 dated 25 August 2008, registered in the company registration under No.AHU-0075254.AH.01.09.Tahun 2008 dated 25 August 2008, and published in the State Gazette No.86 dated 24 October 2008, Supplement thereto No. 21058.

4. Perubahan Anggaran Dasar dalam rangka peningkatan modal dasar, modal disetor dan perubahan nilai nominal saham, yang dilakukan berdasarkan Akta Pernyataan Keputusan Pemegang Saham Di luar Rapat dan Perubahan Anggaran Dasar Perusahaan Perseroan (Persero) PT Pembangunan Perumahan disingkat PT PP (Persero) Nomor 16 tanggal 15 Oktober 2009, dibuat dihadapan Imas Fatimah, SH, Notaris di Jakarta, yang telah mendapatkan persetujuan dari Menteri Hukum dan Hak Asasi Manusia No. AHU-49862.AH.01.02.Tahun 2009 tanggal 15 Oktober 2009, didaftarkan dalam Daftar Perseroan dengan No. AHU-0067483.AH.01.09.Tahun 2009 tanggal 15 Oktober 2009.

4. The amendment of the Company's articles of association in relation to increase in authorized capital by deed of Resolution of Shareholders and Amendment of the Articles of Association of PT Pembangunan Perumahan (Persero) with the notary deed of Imas Fatimah S.H No. 16 dated 15 October 2009 which was approved by the Minister of Law and Human Rights of the Republic Indonesia with his decree No. AHU-49862.AH.01.02 Tahun 2009 dated 15 October 2009. Registered in the company registration under No. AHU-0067483.AH.01.09 Tahun 2009 dated 15 October 2009.

8







5. Dalam rangka Penawaran Umum Perdana Saham Perseroan, Anggaran Dasar Perseroan diubah untuk disesuaikan dengan Peraturan Bapepam-LK nomor IX.J.1 tentang Pokok-pokok Anggaran Dasar Perseroan yang Melakukan Penawaran Umum Efek Bersifat Ekuitas dan Perusahaan Publik dengan Akta Pernyataan Keputusan Pemegang Saham Di luar Rapat dan Perubahan Anggaran Dasar No.02 tanggal 5 Januari 2010, yang dibuat di hadapan Imas Fatimah, S.H., Notaris di Jakarta, yang telah mendapatkan persetujuan dari Menteri Hukum dan Hak Asasi Manusia No. AHU-00127.AH.01.02.Tahun 2010 tanggal 5 Januari 2010, didaftarkan dalam Daftar Perseroan dengan No. AHU-0000185.AH.01.09 Tahun 2010 tanggal 5 Januari 2010.

5 For the purpose of the Companies socks initial public . offering amendment to the Company's articles of association was made to comply to the regulation of BAPEPAM-LK number IX.J.1 on principles of articles of association of limited liability companies which intend to make their equity securities initial public offering and public companies, by deed of Resolution of Shareholders and Amendment of the Articles of Association No.02 dated 5 January 2010, made before the notary Imas Fatimah, S.H., in Jakarta, approved by the Minister of Justice and Human Rights with his decree No. AHU-00127.AH.01.02.Tahun 2010 dated 5 January 2010, registered in the company register under No. AHU-0000185.AH.01.09 Tahun 2010 dated 5 January 2010.

6. Perubahan Anggaran Dasar Perseroan sesuai dengan Pernyataan Keputusan Pemegang Saham dalam Rapat Umum Pemegang Saham Luar Biasa tentang Perubahan Anggaran Dasar Perseroan, antara lain dalam rangka penyesuaian dengan Peraturan Bapepam dan LK, Akta Perubahan dari notaris Dr. A. Partomuan Pohan, SH, LLM No. 45 tanggal 28 Juni 2010 yang sudah diterima dan dicatat oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia No. AHU-AH.01.1017262 TH 2010 tanggal 09 Juli 2010.

6. Amendment to Articles of Association by decision taken in the extraordinary meeting of the shareholders, to conform with regulation of BAPEPAM-LK, was made by the deed No. 45 dated 28 June 2010 of the notary Dr. A. Partomuan Pohan, SH, LLM, registered in the Ministry of Justice and Human Rights under No. AHUAH.01.10-17262 TH 2010 dated 09 July 2010.

Adapun akta terakhir yang memuat perubahan susunan anggota Direksi dan Dewan Komisaris Perseroan adalah:

The latest deeds which contain changes in members of the Board of Commissioners and Board of Directors are:

a. Akta pernyataan keputusan rapat No. 32 Tanggal 22 Juni 2011 yang telah diterima pemberitahuannya oleh Menteri Hukum dan Hak Asasi Manusia No. AHUAH.01.10-22869 tanggal 20 Juli 2011 dan didaftarkan dalam Daftar Perseroan di bawah No.AHU0059201.AH.01.09.Tahun 2011 tanggal 20 Juli 2011;

a Minute of meeting No. 32 dated 22 June 2011 the . information of which is accepted by the Minister of Justice and Human Rights under No. AHU-AH.01.1022869 dated 20 July 2011 and registered in the company registration under No.AHU0059201.AH.01.09 Tahun 2011 dated 20 July 2011;

b. Akta pernyataan keputusan rapat No. 68 Tanggal 16 Mei 2012 yang telah diterima pemberitahuannya oleh Menteri Hukum dan Hak Asasi Manusia No. AHUAH.01.10-19359 tanggal 30 Mei 2012 dan didaftarkan dalam Daftar Perseroan di bawah No.AHU0048378.AH.01.09.Tahun 2012 tanggal 30 Mei 2012.

b Minute of meeting No. 68 dated 16 May 2012 which . was accepted by the Minister of Justice and Human Rights under No. AHU-AH.01.10-19359 dated 30 May 2012 registered in the company registration under No.AHU-0048378.AH.01.09.Tahun 2012 dated 30 May 2012.

9







Sesuai dengan perubahan anggaran dasar terakhir tersebut di atas, maksud dan tujuan perusahaan adalah turut serta melakukan usaha di bidang industri konstruksi, industri pabrikasi, jasa penyewaan, jasa keagenan, investasi, agro industri, Engineering Procurement dan Construction (EPC), perdagangan, pengelolaan kawasan, layanan jasa peningkatan kemampuan di bidang konstruksi, teknologi informasi, kepariwisataan, perhotelan, jasa engineering dan perencanaan, pengembang untuk menghasilkan barang dan/atau jasa yang bermutu tinggi dan berdaya saing kuat, serta mengejar keuntungan guna meningkatkan nilai perseroan dengan menerapkan prinsip - prinsip perseroan terbatas.

Based on the latest amendment of the articles of association, the Company's goals and objectives are to take part in construction business industry, fabrication industry, rental service, agency, investment, agro industry, engineering procurement and constructions (EPC), trades, site area management, enhancement in construction capability services, information technology, tourism, hotels business service, engineering and planning service, development services to produce high quality and highly competitive goods and/or service, and to generate profit to add value to the entity by applying limited liability company principles.

Kegiatan usaha yang saat ini dilakukan adalah Jasa Konstruksi, Realti (Pengembang) & Properti, Pracetak, Peralatan dan Investasi di bidang Infrastruktur dan Energi.

The current business activities of the Company are in construction services, real estate (developer) & properties, precast, equipment, and investment in infrastructure and energy.

Dalam upaya meningkatkan nilai perusahaan, manajemen melaksanakan strategi korporasi yang bertumpu pada enam pilar bisnis yaitu: Konstruksi, EPC (Energi, Oil & Gas), Properti & Realti, Pracetak, Peralatan, dan Investasi. Untuk menunjang keberhasilan pencapaian target kinerja perusahaan tersebut, perusahaan mencanangkan "Visi PT PP (Persero) Tbk".

To increase value to the Company, the management adopts a corporate strategies on the basis of six business pillars: Construction, EPC (Energy, Oil & Gas), Property & Realty, Precast, Equipment, and Investment. To achieve the goals, the Company adopted the Company's vision: "PT PP (Persero) Tbk Vision".

Visi tersebut sebagai panduan perusahaan untuk menghadapi tantangan ke depan, yaitu: "Menjadi Perusahaan Konstruksi dan Investasi Terkemuka Yang Memberikan Nilai Tambah Tinggi Kepada Stakeholders". Dengan berlakunya SK Direksi No.272/SK/PP/DIR/2013 tanggal 16 Oktober 2013, visi PT PP (Persero) Tbk yang terbaru yaitu: "Menjadi Perusahaan Konstruksi dan Investasi Terkemuka di Indonesia yang Berdaya Saing Internasional".

The vision shall become strategic guide lines in facing future challenge, which is: "To become a leading construction and investment company which provides high added values to all of its stakeholders". With the enactment of SK Direksi No.272/SK/PP/DIR/2013 dated 16 October 2013, the Company's vision: "To Be a Leader in Construstion and Investment Company in Indonesia wich Internationally Competitive".

Kantor pusat perusahaan beralamat di Jl. Letjend. TB Simatupang No. 57, Pasar Rebo - Jakarta Timur.

The Company head office is located at Jl. Letjend. TB Simatupang No.57 Pasar Rebo - Jakarta Timur.

10



Catatan Atas Laporan Keuangan Konsolidasian Notes To The Consolidated Financial Statements 31 Maret 2016 dan 31 Desember 2015 31 March 2016 and 31 December 2015 Serta Untuk Periode 3 (Tiga) Bulan Yang Berakhir Pada Tanggal-Tanggal And For 3 (Three) Months Ended 31 Maret 2016 dan 2015 31 March 2016 and 31 December 2015 (Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) (Expressed in full IDR, unless otherwise stated) 1. UMUM (lanjutan) b.


Penawaran Umum

b. Public Offering

Saham

Shares

Perusahaan telah menerima pernyataan efektif dari Ketua BAPEPAM - LK dengan surat No. S-858/BL/2010 tanggal 29 Januari 2010 untuk melakukan penawaran perdana kepada masyarakat atas 1.038.976.500 lembar saham Seri B baru dengan nilai nominal Rp 100 per saham dan harga penawaran Rp 560 per saham. Saham - saham tersebut dicatatkan pada Bursa Efek Indonesia tanggal 09 Februari 2010. Seluruh saham perusahaan sebanyak 4.842.436.500 lembar saham pada tahun 2010 telah dicatatkan pada Bursa Efek Indonesia. Obligasi

The Company was given Effective Statement No: S858/BL/2010 on January 29th 2010 from the Head of Capital Market and Financial Institution Supervisory Agency (BAPEPAM - LK) for limited public offering of 1,038,976,500 shares of B Series of par value of Rp 100 per share, at an offering price of Rp 560 per share. Those shares were listed in the Indonesian Stock Exchange on February 9th 2010. All of the Company's 4,842,436,500 shares in 2010 have been listed in the Indonesian Stock Exchange. Bonds

Obligasi-obligasi yang diterbitkan Perusahaan sampai dengan 31 Maret 2016 adalah sebagai berikut:

Bonds issued by the Company until 31 March 2016 are as follows:

Obligasi/ Tanggal Efektif/ Bond Effective Date Obligasi I PP Tahun 1993 4 Januari/ PP Bonds I of 1993 January 1993 Obligasi II PP Tahun 2004 25 Agustus/ PP Bonds II of 2004 August 2004 Obligasi Berkelanjutan I PP Tahap I Tahun 2013 11 Maret/ PP Bonds I Phase I of 2013 March 2013 Obligasi Berkelanjutan I PP Tahap 2 Tahun 2015 24 Pebruari/ PP Bonds I Phase II of 2015 February 2015

11

Tercatat di/ Listed in Bursa Efek Indonesia/ Indonesia Stock Exchange Bursa Efek Indonesia/ Indonesia Stock Exchange Bursa Efek Indonesia/ Indonesia Stock Exchange Bursa Efek Indonesia/ Indonesia Stock Exchange

Status/ Status Telah dilunasi seluruhnya/ Has been fully paid Telah dilunasi seluruhnya/ Has been fully paid Belum jatuh tempo/ Not due Belum jatuh tempo/ Not due



Catatan Atas Laporan Keuangan Konsolidasian Notes To The Consolidated Financial Statements 31 Maret 2016 dan 31 Desember 2015 31 March 2016 and 31 December 2015 Serta Untuk Periode 3 (Tiga) Bulan Yang Berakhir Pada Tanggal-Tanggal And For 3 (Three) Months Ended 31 Maret 2016 dan 2015 31 March 2016 and 31 December 2015 (Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) (Expressed in full IDR, unless otherwise stated) 1. UMUM (lanjutan) c.


Dewan Komisaris, Direksi, Komite Audit, Audit Internal, Sekretaris Perusahaan dan Personalia 1) Dewan Komisaris Berdasarkan hasil RUPS-T yang dilaksanakan tanggal 21 Mei 2015 yang dituangkan dalam Akta Risalah RUPST No.24 tanggal 21 Mei 2015 oleh notaris M.Nova Faisal, SH., M.Kn. Susunan Dewan Komisaris PT PP (Persero) Tbk per 31 Maret 2016 adalah sebagai berikut: Komisaris Utama Komisaris Independen Komisaris Independen Komisaris Komisaris Komisaris

: : : : : :

: : : : : :

According to General Shareholders Meeting which held in 21 May 2015, stated in the deed of General Shareholders Meeting No.24 on 21 May 2015 by Notary M.Nova Faisal, SH., M.Kn. The compotition of Board of Commissioners of PT PP (Persero) Tbk as of 31 March 2016are as follows:

Ir. Djoko Murjanto, M.Sc. Andi Gani Nena Wea, S.H. Irjen (Purn) Drs. Aryanto Sutadi, M.H., M.Sc. Letjen TNI (Purn) Sumardi Muhammad Khoerur Roziqin, S.E., M.Sc. Ir. Hediyanto W Husaini, MSCE,M.Si

Berdasarkan hasil RUPS-T yang dilaksanakan tanggal 21 Mei 2015 yang dituangkan dalam Akta Risalah RUPST No.24 tanggal 21 Mei 2015 oleh notaris M.Nova Faisal, SH., M.Kn. Susunan Dewan Komisaris PT PP (Persero) Tbk per 31 Desember 2015 adalah sebagai berikut: Komisaris Utama Komisaris Independen Komisaris Independen Komisaris Komisaris Komisaris

c. Board of Commissioners, Board of Directors, Audit Committee, Internal Audit, Corporate Secretary and Employees 1)Board of Commissioners

12

Chairman Independent Commissioner Independent Commissioner Commissioner Commissioner Commissioner

According to General Shareholders Meeting which held in 21 May 2015, stated in the deed of General Shareholders Meeting No.24 on 21 May 2015 by Notary M.Nova Faisal, SH., M.Kn. The compotition of Board of Commissioners of PT PP (Persero) Tbk as of 31 December 2015 are as follows:

Ir. Djoko Murjanto, M.Sc. Andi Gani Nena Wea, S.H. Irjen (Purn) Drs. Aryanto Sutadi, M.H., M.Sc. Letjen TNI (Purn) Sumardi Muhammad Khoerur Roziqin, S.E., M.Sc. Ir. Hediyanto W Husaini, MSCE,M.Si

Biaya remunerasi Dewan Komisaris untuk tahun yang berakhir 31 Maret 2016 dan 2015 adalah sebesar Rp861.300.000,dan Rp683.100.000,Biaya remunerasi tersebut di luar fasilitas perumahan, kompensasi tunjangan transport dan santunan purna jabatan yang mengikuti ketentuan remunerasi BUMN yang berlaku .

: : : : : :

: : : : : :

Chairman Independent Commissioner Independent Commissioner Commissioner Commissioner Commissioner

The remuneration cost of the Board of Commissioners for the years ended on 31 March 2016 and 2015 are amounting to IDR861,300,000 and IDR683,100,000. The reffered remunerations were exclusive of housing facilities, transportation allowances, and allowances for pension fund in compliance with the prevailing provision on remuneration of employees of State Owned Enterprises.





Dewan Komisaris, Direksi, Komite Audit, Audit Internal, Sekretaris Perusahaan dan Personalia 2) Dewan Direksi Berdasarkan hasil RUPS-T yang dilaksanakan tanggal 21 Mei 2015 yang dituangkan dalam Akta Risalah RUPS No.24 tanggal 21 Mei 2015 oleh notaris M.Nova Faisal, SH., M.Kn., susunan Dewan Direksi PT PP (Persero) Tbk per 31 Maret 2016 adalah sebagai berikut :

Direktur Utama Direktur Keuangan Direktur Operasi Direktur EPC Direktur Pemasaran & SDM Direktur Pengembangan Bisnis, Riset & Teknologi

: : : : : :

: : : : : :

According to General Shareholders Meeting which held in 21 May 2015, stated in the deed of General Shareholders Meeting No.24 on 21 May 2015 by Notary M.Nova Faisal, SH., M.Kn. The compotition of Board of Directors of PT PP (Persero) Tbk as of 31 March 2016 are as follows:

Ir. Bambang Triwibowo Ir. Tumiyana, MBA Ir. Ketut Darmawan Ir. Harry Nugroho, M.M. Ir. Wayan Karioka, M.H. Ir. Lukman Hidayat

Berdasarkan hasil RUPS-T yang dilaksanakan tanggal 21 Mei 2015 yang dituangkan dalam Akta Risalah RUPS No.24 tanggal 21 Mei 2015 oleh notaris M.Nova Faisal, SH., M.Kn., susunan Dewan Direksi PT PP (Persero) Tbk per 31 Desember 2015 adalah sebagai berikut :

Direktur Utama Direktur Keuangan Direktur Operasi Direktur EPC Direktur Pemasaran & SDM Direktur Pengembangan Bisnis, Riset & Teknologi

c. Board of Commissioners, Board of Directors, Audit Committee, Internal Audit, Corporate Secretary and Employees 2)Board of Directors

According to General Shareholders Meeting which held in 21 May 2015, stated in the deed of General Shareholders Meeting No.24 on 21 May 2015 by Notary M.Nova Faisal, SH., M.Kn. The compotition of Board of Directors of PT PP (Persero) Tbk as of 31 December 2015 are as follows:

Ir. Bambang Triwibowo Ir. Tumiyana, MBA Ir. Ketut Darmawan Ir. Harry Nugroho, M.M. Ir. Wayan Karioka, M.H. Ir. Lukman Hidayat

Biaya remunerasi Direksi Perusahaan untuk tahun yang berakhir 31 Maret 2016 dan 2015 masing-masing sebesar Rp1.914.000.000,- dan Rp1.518.000.000,-. Biaya remunerasi tersebut di luar fasilitas perumahan, kompensasi tunjangan transport dan santunan purna jabatan yang mengikuti ketentuan remunerasi BUMN yang berlaku.

13

: President Director : Director of Finance : Director of Operation : Director of EPC : Director of Marketing & HRD : Director of Bussines Developement, Reasech & Technology

: President Director : Director of Finance : Director of Operation : Director of EPC : Director of Marketing & HRD : Director of Bussines Developement, Reasech & Technology

The remuneration cost of the Company Board of Directors for the years ended on 31 March 2016 and 2015 are amounting to IDR1,914,000,000 and IDR1,518,000,000. The refferend remunerations were exclusive of housing facilities, transportation allowances, and allowances for pension fund in compliance with the prevailing provision on remuneration of employees of State Owned Enterprises.





Dewan Komisaris, Direksi, Komite Audit, Audit Internal, Sekretaris Perusahaan dan Personalia 3) Komite Audit Berdasarkan Surat Keputusan Dewan Komisaris PT PP (Persero) No.01/SK/KOM/PP/2014 tanggal 19 Mei 2014 tentang Pemberhentian dan Pengangkatan Anggota Komite Audit PT PP (Persero) Tbk, susunan Komite Audit per 31 Maret 2016 dan 31 Desember 2015 adalah sebagai berikut: Ketua Sekretaris Anggota Anggota

: : : :

c. Board of Commissioners, Board of Directors, Audit Committee, Internal Audit, Corporate Secretary and Employees 3)Audit Committee Based on the decree of the Company's Board of Commissioners No.01/SK/KOM/PP/2014 dated 19 May 2014 on termination and appointment of the Company's Audit Committee on membership of Audit Committee, the following are members of Audit Committee by 31 March 2016 and 31 December 2015:

Drs. Aryanto Sutadi, M.Sc Nurahini, SE, MM Ir. Sularso Handoko Tripriyono, CPA

4) Audit Internal

: : : :

Chairman Secretary Member Member

4)Internal Audit

Dalam memastikan operasional Perseroan berjalan sesuai dengan Prosedur Operasi Standar, diperlukan fungsi Audit Internal yang bekerja secara independen membantu Direktur Utama dalam pengawasan dan pengendalian. Fungsi Audit Internal Perseroan dilaksanakan oleh Satuan Pengawasan Intern (SPI).

To ensure that the Company's operational activities are comply to Standard Operating Procedures, internal audit functions are necessary and the internal auditors should be working independently to support the President Director in his controlling and supervising functions. The internal audit functions are carried out by Internal Audit Department.

Pembentukan SPI oleh Perseroan didasarkan pada (1) Keputusan Pemerintah RI Nomor 12 Tahun 1998 tanggal 17 Januari 1998 tentang Perusahaan Perseroan, tercantum pada bab III Satuan Pengawasan Intern Pasal 28, Pasal 29, dan Pasal 30 dan (2) Keputusan Ketua Badan Pengawas Pasar Modal dan Lembaga Keuangan Nomor Kep-496/BL/2008 tanggal 28 Nopember 2008 Pasal 2 ayat 1.

The establishment of the Internal Audit Department SPI is based on: (1) the Government Regulation 12 of 1998 dated 17 January 1998 on limited liability companies, Chapter III Satuan Pengawasan Intern, Articles 28, 29, and 30; and (2) the decree of the Chairman of Capital Market and Financial Institutions Supervising Agency - Badan Pengawas Pasar Modal dan Lembaga Keuangan No. Kep-496/BL/2008 dated 28 November 2008 Article 2 paragraph 1.

Berdasarkan Surat Keputusan Direksi PT PP (Persero), Tbk No.005/SK/PP/DIR/2014 tanggal 13 Pebruari 2014, kepala SPI per 31 Maret 2016 dan 31 Desember 2015 adalah Indradi Susilandono.

Based on the decree of the Company's Board of Directors No.005/SK/PP/DIR/2014 dated 13 February 2014, The Head of the Internal Audit as of 31 Maret 2016 and 31 December 2015 is Indradi Susilandono.

14





Dewan Komisaris, Direksi, Komite Audit, Audit Internal, Sekretaris Perusahaan dan Personalia (lanjutan) 5) Sekretaris Perusahaan

c. Board of Commissioners, Board of Directors, Audit Committee, Internal Audit, Corporate Secretary and Employees (continued) 5)Corporate Secretary

Berdasarkan Surat Keputusan Direksi PT PP (Persero) Tbk Nomor 031/SK/PP/DIR/2015 tanggal 30 Juli 2015 tentang Struktur Organisasi PT PP (Persero) Tbk, Sekretaris Perusahaan per 31 Maret 2016 dan 31 Desember 2015 adalah Agus Samuel Kana. 6) Personalia

Based on the Decision Letter of the Board of Directors of PT PP (Persero) Tbk No.031/SK/PP/DIR/2015 dated 30 July 2015 regarding Organization Structure of PT PP (Persero) Tbk, the Corporate Secretary of the Company as of 31 March 2016 and 31 December 2015 is Agus Samuel Kana. 6)Employees

Jumlah pegawai perusahaan (tidak diaudit) adalah sebagai berikut :

The number of employees (unaudited) of the Company are as follows:

31 Maret / March 2016 Orang / Persons Pasca Sarjana Sarjana Sarjana Muda Non Akademi Jumlah d.

31 Desember / December 2015 Orang / Persons

56 1,161 101 256 1,574

55 1,153 103 263 1,574 d. Subsidiaries

Entitas Anak Perusahaan memiliki lebih dari 50% saham perusahaan Entitas Anak pada tanggal 31 Maret 2016 dan 2015 adalah sebagai berikut :

The Company ownes more than 50% of shares in subsidiaries as of 31 March and 2015 consisting of:

31 Maret / March 2016 Kepemilikan Secara Langsung: Entitas Anak / Subsidiary

Domisili / Domicile

Aktivitas Bisnis Utama / Main Business Activities

Tahun % Kepemilikan / Operasi / % Ownership Operating Year

Jumlah Aset / Total Assets

Jumlah Pendapatan / Total Revenues

PT PP Peralatan

Jakarta

Jasa Sewa / Rental Services

99.980%

2004

433,227,453,438

68,287,874,981

PT PP Properti Tbk

Jakarta

Realti dan Properti / Realty and Property

64.960%

2013

5,956,326,009,766

533,703,532,492

PT PP Pracetak

Jakarta

Konstruksi / General Construction

99.999%

1989

943,179,963,335

134,264,158,298

15



Catatan Atas Laporan Keuangan Konsolidasian Notes To The Consolidated Financial Statements 31 Maret 2016 dan 31 Desember 2015 31 March 2016 and 31 December 2015 Serta Untuk Periode 3 (Tiga) Bulan Yang Berakhir Pada Tanggal-Tanggal And For 3 (Three) Months Ended 31 Maret 2016 dan 2015 31 March 2016 and 31 December 2015 (Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) (Expressed in full IDR, unless otherwise stated) 1. UMUM (lanjutan) d.

1. GENERAL INFORMATION (continued) d. Subsidiaries (continued)

Entitas Anak (lanjutan)

31 Maret / March 2016 Kepemilikan secara tidak langsung melalui PT PP Properti: Aktivitas Tahun Bisnis Utama / % Kepemilikan / Operasi / Entitas Anak / Domisili / Main Business % Ownership Operating Subsidiary Domicile Activities Year PT Hasta Kreasi Mandiri PT Gitanusa Sarana Niaga



Jakarta

Real Eastate

99.000%

2001

795,282,346,145

10,592,888,966

Surabaya


99.990%

1996

292,345,722,558

3,169,625,222

31 Desember / December 2015 Kepemilikan Secara Langsung: Entitas Anak / Subsidiary

Domisili / Domicile

Aktivitas Bisnis Utama / Main Business Activities

Tahun % Kepemilikan / Operasi / % Ownership Operating Year



PT PP Peralatan

Jakarta

Jasa Sewa / Rental Services

99.980%

2004

378,545,772,857

223,112,890,643

PT PP Properti Tbk

Jakarta


64.960%

2013

5,318,956,732,653

1,505,172,315,341

PT PP Pracetak

Jakarta

Konstruksi / General Construction

99.999%

1989

1,142,515,390,236

1,077,069,544,368

31 Desember / December 2015 Kepemilikan secara tidak langsung melalui PT PP Properti: Aktivitas Tahun Bisnis Utama / % Kepemilikan / Operasi / Entitas Anak / Domisili / Main Business % Ownership Operating Subsidiary Domicile Activities Year PT Hasta Kreasi Mandiri PT Gitanusa Sarana Niaga



Jakarta

Real Eastate

99.000%

2001

783,221,025,196

49,821,231,309

Surabaya


99.990%

1996

293,216,627,952

13,803,722,993

16



Catatan Atas Laporan Keuangan Konsolidasian Notes To The Consolidated Financial Statements 31 Maret 2016 dan 31 Desember 2015 31 March 2016 and 31 December 2015 Serta Untuk Periode 3 (Tiga) Bulan Yang Berakhir Pada Tanggal-Tanggal And For 3 (Three) Months Ended 31 Maret 2016 dan 2015 31 March 2016 and 31 December 2015 (Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) (Expressed in full IDR, unless otherwise stated) 2. PERNYATAAN KEPATUHAN

2. STATEMENT OF COMPLIANCE

Penyajian dan pengungkapan laporan keuangan konsolidasian telah mematuhi Standar Akuntansi Keuangan yang berlaku di Indonesia, yaitu : Pernyataan Standar Akuntansi Keuangan (PSAK) yang diterbitkan oleh Ikatan Akuntan Indonesia (IAI) dan Peraturan Badan Pengawas Pasar Modal dan Lembaga Keuangan (BAPEPAM-LK) No.VIII.G.7 (revisi 2012) tentang ”Pedoman Penyajian Laporan Keuangan”. 3. KEBIJAKAN AKUNTANSI a.

b.

The presentation and disclosure of the consolidated financial statements are in compliance to the Indonesian Financial Accounting Standards promulgated by the Indonesian Institute of Accountants and the Regulation of Capital Market and Financial Institution Supervisory Agency (BAPEPAM LK) as revised in 2012 on "Guidelines for Presentation of Financial Statements. 3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES a. Presentation of Financial Statement

Penyajian Laporan Keuangan Laporan keuangan konsolidasian dinyatakan dalam mata uang Rupiah (Rp), yang merupakan mata uang fungsional perusahaan dan entitas anak.

The consolidated financial statements are denominated in Rupiah (IDR) currency, which is the functional currency of the the company and subsidiary.

Laporan keuangan konsolidasian disusun dengan dasar harga perolehan dan prinsip akrual, kecuali untuk akun tertentu dinyatakan berdasarkan pengukuran lain sebagaimana diuraikan dalam kebijakan akuntansi masingmasing akun tersebut.

The consolidated financial statements are prepared on the basis of historical cost and accrual basis, except for certain accounts which are stated on the basis of other measurements as disclosed in the relevant accounts.

Laporan arus kas konsolidasian disusun menggunakan metode langsung dan arus kas dikelompokkan atas dasar kegiatan operasi, investasi dan pendanaan.

The consolidated statements of cash flows was prepared on the basis of direct method and classified into operating, investing, and financing activities.

Untuk tujuan laporan arus kas, kas mencakup kas, bank dan investasi jangka pendek yang jatuh tempo dalam waktu tiga bulan atau kurang, setelah dikurangi cerukan dan tidak dijaminkan.

For the purpose of the statement of cash flows, cash includes cash on hand, cash in banks and short term investments of maturity of three months or less, net of overdrafts and not pledged as a collateral.

Prinsip - prinsip Konsolidasian

b. The Principles of Consolidation

Laporan keuangan konsolidasian meliputi laporan keuangan Perseroan dan Entitas Anak dengan kepemilikan lebih dari 50%, baik langsung maupun tidak langsung, kecuali entitas anak yang pengendaliannya bersifat sementara atau terdapat pembatasan jangka panjang yang mempengaruhi kemampuan entitas anak untuk mengalihkan dananya kepada Perusahaan.

The consolidated financial statement shall include the financial statements of the Company and Subsidiaries of more than 50 % of ownership, either directly or indirectly, except for the subsidiary which is intended to be temporarily controlled or operated under long-term restrictions; which significantly effects the ability to transfer funds to the Company.

Pengaruh dari seluruh transaksi dan saldo antara entitas anak di dalam Entitas Induk telah dieliminasi dalam penyajian laporan keuangan konsolidasian.

Balances and transactions between entities within the economic entity are eliminated consolidated financial statement.

17



Catatan Atas Laporan Keuangan Konsolidasian Notes To The Consolidated Financial Statements 31 Maret 2016 dan 31 Desember 2015 31 March 2016 and 31 December 2015 Serta Untuk Periode 3 (Tiga) Bulan Yang Berakhir Pada Tanggal-Tanggal And For 3 (Three) Months Ended 31 Maret 2016 dan 2015 31 March 2016 and 31 December 2015 (Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) (Expressed in full IDR, unless otherwise stated) 3. KEBIJAKAN AKUNTANSI (lanjutan) c.

d.

3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Pernyataan Standar Akuntansi Keuangan (PSAK) Baru dan Revisi

c. New and Revised Statements Accounting Standars (SFAS)

of

Financial

Ikatan Akuntan Indonesia telah menerbitkan PSAK yang berlaku efektif pada periode yang dimulai 1 Januari 2015, sebagai berikut :

The Indonesian Institute of Accountants has issued the following SFAS which will be effective for annual periods beginning January 1, 2015 as follows:

- PSAK No. 1 (Revisi 2013), "Penyajian Laporan Keuangan".

- SFAS No. 1 (2013 Revision), "Presentation of Financial Statements".

- PSAK No. 4 (Revisi 2013), "Laporan Keuangan Tersendiri".

- SFAS No. 4 (2013 Revision), "Separate Financial Statements".

- PSAK No. 15 (Revisi 2013), "Investasi pada Entitas Asosiasi dan Ventura Bersama".

- SFAS No. 15 (2013 Revision), "Investments in Assosiates and Joint Ventures".

-

-

PSAK No. 24 (Revisi 2013), "Imbalan Kerja". PSAK No. 46 (Revisi 2014), "Pajak Penghasilan". PSAK No. 48 (Revisi 2014), "Penurunan Nilai Aset". PSAK No. 50 (Revisi 2014), "Instrumen Keuangan: Penyajian".

SFAS No. 24 (2013 Revision), "Employee Benefits". SFAS No. 46 (2014 Revision), "Income Taxes". SFAS No. 48 (2014 Revision), "Impaiment of Assets". SFAS No. 50 (2014 Revision), "Financial Instruments Presentation".

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

- SFAS No. 55 (2014 Revision), "Financial Instruments: Recognition and Measurement".

- PSAK No. 65, "Laporan Keuangan Konsolidasi". - PSAK No. 66 , "Pengaturan Bersama". - PSAK No. 67, "Pengungkapan Kepentingan dalam Entitas Lain".

- SFAS No. 65, "Consolidated Financial Statements". - SFAS No. 66, "Joint Arrangements". - SFAS No. 67, "Disclosure of Interest in Other Entities".

- PSAK No. 68, "Pengukuran Nilai Wajar".

- SFAS No. 68, "Fair Value Measurement".

Dari standar baru tersebut yang berpengaruh signifikan dalam penyajian Laporan Keuangan Perusahaan adalah PSAK 24 (Revisi 2013) tentang Imbalan Kerja.

Of the new standards mentioned above, PSAK 24 (2013 Revision) about Employee Benefits has significant effects on the Company's Financial Statements.

Transaksi Dalam Valuta Asing

d. Foreign Currency Transactions

Transaksi dalam valuta asing dicatat dalam mata uang Rupiah dengan kurs yang berlaku pada saat terjadinya transaksi.

Transactions in foreign currencies are recorded in Rupiah at the prevailing rate at the time of transactions.

Saldo aset dan liabilitas moneter dalam mata uang asing pada tanggal laporan posisi keuangan dijabarkan ke dalam mata uang Rupiah berdasarkan kurs tengah Bank Indonesia pada tanggal posisi keuangan. Selisih kurs yang terjadi dicatat sebagai laba (rugi) selisih kurs tahun yang bersangkutan.

At statement of finance position date, monetary assets and liabilities denominated in foreign currencies are adjusted to reflect the exchange prevailing middle rates of Bank Indonesia at such date and the resulting gain or loses are credited or changed to current years.

18



Catatan Atas Laporan Keuangan Konsolidasian Notes To The Consolidated Financial Statements 31 Maret 2016 dan 31 Desember 2015 31 March 2016 and 31 December 2015 Serta Untuk Periode 3 (Tiga) Bulan Yang Berakhir Pada Tanggal-Tanggal And For 3 (Three) Months Ended 31 Maret 2016 dan 2015 31 March 2016 and 31 December 2015 (Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) (Expressed in full IDR, unless otherwise stated) 3. KEBIJAKAN AKUNTANSI (lanjutan) d.


Transaksi Dalam Valuta Asing

d. Foreign Currency Transactions

Pada tanggal 31 Maret 2016 dan 31 Desember 2015, nilai kurs yang digunakan adalah sebagai berikut: 31 Maret / March 2016 1 Dolar Amerika Serikat 1 Euro 1 Dolar Singapura 1 Yen Jepang e.

As of 31 March 2016 and 31 December 2015 the exchange rates used are as rate follows: 31 Desember / December 2015 13,795 15,070 9,751 115

13,276 15,030 9,830 118

Transaksi dengan Pihak-Pihak Berelasi

1 USD 1 Euro 1 SGD 1 JPY

e. Transactions with Related Parties

1. Pihak-pihak berelasi adalah orang atau entitas yang berkait dengan entitas yang menyiapkan laporan keuangannya (dalam Pernyataan ini dirujuk sebagai "entitas pelapor").

1. A related party is a person or entity that is related to the entity which prepares its financial statements (in this Standard referred to as the ‘reporting entity’):

a. Orang atau anggota keluarga terdekat mempunyai relasi dengan entitas pelapor jika orang tersebut:

a. A person or a close member of that person’s family is related to a reporting entity if that person:

i. memiliki pengendalian atau pengendalian bersama atas entitas pelapor; ii. memiliki pengaruh signifikan atas entitas pelapor; iii. personil manajemen kunci entitas pelapor atau entitas induk entitas pelapor. b. Suatu entitas berelasi dengan entitas pelapor jika memenuhi salah satu hal berikut: i. Entitas dan entitas pelapor adalah anggota dari kelompok usaha yang sama (artinya entitas induk, entitas anak, dan entitas anak berikutnya terkait dengan entitas lain). ii. Satu entitas adalah entitas asosiasi atau ventura bersama dari entitas lain (atau entitas asosiasi atau ventura bersama yang merupakan anggota suatu kelompok usaha, yang mana entitas lain tersebut adalah anggotanya). iii. Kedua entitas tersebut adalah ventura bersama dari pihak ketiga yang sama. iv. Satu entitas adalah ventura bersama dari entitas ketiga dan entitas yang lain adalah entitas asosiasi dari entitas ketiga.

19

i.

has control or joint control over the reporting entity; ii. has significant influence over the reporting entity; iii. is a member of the key management personnel of the reporting entity or of a parent of the reporting entity. b An entity is related to a reporting entity if any of the . following conditions applies: i. The entity and the reporting entity are members of the same group (which means that each parent, subsidiary and fellow subsidiary is related to the others). ii. One entity is an associate or joint venture of the other entity (or an associate or joint venture of a member of a group of which the other entity is a member). iii. Both entities are joint ventures of the same third party. iv. One entity is a joint venture of a third entity and the other entity is an associate of the third entity.



Catatan Atas Laporan Keuangan Konsolidasian Notes To The Consolidated Financial Statements 31 Maret 2016 dan 31 Desember 2015 31 March 2016 and 31 December 2015 Serta Untuk Periode 3 (Tiga) Bulan Yang Berakhir Pada Tanggal-Tanggal And For 3 (Three) Months Ended 31 Maret 2016 dan 2015 31 March 2016 and 31 December 2015 (Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) (Expressed in full IDR, unless otherwise stated) 3. KEBIJAKAN AKUNTANSI (lanjutan) e.

f.


Transaksi dengan Pihak-Pihak Berelasi

e. Transactions with Related Parties

v. Entitas tersebut adalah suatu program imbalan pasca kerja untuk imbalan kerja dari salah satu entitas pelapor atau entitas yang terkait dengan entitas pelapor. Jika entitas pelapor adalah entitas yang menyelenggarakan program tersebut, maka entitas sponsor juga berelasi dengan entitas pelapor.

v. The entity is a post-employment benefit plan for the benefit of employees of either the reporting entity or an entity related to the reporting entity. If the reporting entity is itself such a plan, the sponsoring employers are also related to the reporting entity.

vi. Entitas yang dikendalikan atau dikendalikan bersama oleh orang yang diidentifikasi dalam huruf a; atau

vi. The entity is controlled or jointly controlled by a person identified in a; or

vii. Orang yang diidentifikasi sebagaimana dimaksud dalam huruf a.i. memiliki pengaruh signifikan atas entitas atau personil manajemen kunci entitas (atau entitas induk dari entitas).

vii. A person identified in a.i has significant influence over the entity or is a member of the key management personnel of the entity (or of a parent of the entity).

2. Entitas berelasi dengan pemerintah merupakan entitas yang dikendalikan, dikendalikan bersama, atau dipengaruhi secara signifikan oleh pemerintah.

2 An entity related to the Government is a controlled . entity, joint controlled, or significantly influenced by the Government.

Pemerintah dalam hal ini adalah Menteri Keuangan atau Pemerintah Daerah yang merupakan pemegang saham dari entitas.

The Government represented by the Minister of Finance or by local government is the shareholder of the Company or an entity.

Kas dan Setara Kas

f. Cash and Cash Equivalent

Kas dan Setara kas terdiri dari saldo kas dan bank serta investasi jangka pendek yang jangka waktunya maksimum 3 (tiga) bulan dan tidak digunakan sebagai jaminan. Kas dan setara kas yang telah ditentukan penggunaannya atau yang tidak dapat digunakan secara bebas tidak tergolong dalam akun ini. g.

Piutang dan Penurunan Nilai Wajar Piutang

Cash and cash equivalent include cash on hand, in banks and time deposits of maturity of three months or less since the time of placement and not pledge as a collateral. Cash and cash equivalents which have limitation in use and pledged as collateral are not included. g. Accounts Receivable and Impairment

Piutang disajikan sebesar nilai wajar sesuai PSAK No. 50 dan PSAK 60 serta PSAK No. 55.

Accounts receivable are recognized at fair value in conformity with SFAS No. 50, SFAS No. 60 and SFAS

Indikasi penurunan nilai piutang ditetapkan pada setiap individu pemberi kerja secara terseleksi dengan mempertimbangkan risiko dari tidak tertagihnya piutang.

An indication of receivable impairment is related to selected individual project owner by considering risks of receivables un collectability.

20



Catatan Atas Laporan Keuangan Konsolidasian Notes To The Consolidated Financial Statements 31 Maret 2016 dan 31 Desember 2015 31 March 2016 and 31 December 2015 Serta Untuk Periode 3 (Tiga) Bulan Yang Berakhir Pada Tanggal-Tanggal And For 3 (Three) Months Ended 31 Maret 2016 dan 2015 31 March 2016 and 31 December 2015 (Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) (Expressed in full IDR, unless otherwise stated) 3. KEBIJAKAN AKUNTANSI (lanjutan) g.



g. Accounts Receivable and Impairment

Berdasarkan SK Direksi No.02/SK/PP/DIR/2011 tanggal 04 Januari 2011 yang berlaku sejak bulan Desember 2010 tentang Penurunan Nilai Wajar Piutang Usaha Perseroan, pelaksanaan peraturan penurunan nilai wajar piutang usaha bila terjadi indikasi penurunan (impairment) dengan ketentuan sebagai berikut: 1. Mengelompokkan Piutang Usaha menjadi :

Based on the decree of the Board of Directors No. 02/SK/PP/DIR/2011 date 4 January 2011 effective December 2010 on Account Receivables Impairment, the following conditions apply:

1. Receivables classification:

(a) Piutang Pemerintah, BUMN dan BUMD

(a) Receivables from the Government, State Owned Enterprises (SOE's) and Local Government Enterprises (LGOE's).

(b) Piutang Swasta Tbk, Non Tbk dan Asing

(b) Receivables from public companies, non public companies an foreign entities.

2. Penurunan nilai piutang usaha dengan rincian sebagai berikut: (a) Kelompok Piutang : Pemerintah, BUMN dan BUMD Piutang usaha pada Pemerintah, BUMN dan BUMD (tingkat resiko rendah karena pelaksanaan pekerjaan telah dianggarkan dalam APBN/APBD atau RKAP yang telah disetujui Pemegang Saham Kementerian BUMN). Dilakukan penurunan nilai jika piutang usaha sudah berumur di atas 1 (satu) tahun dengan penurunan nilai piutang usaha secara individu sebagai berikut: Umur Piutang / Aging of Receivable > 12 s/d 15 bulan/month > 15 s/d 18 bulan/month > 18 s/d 21 bulan/month > 21 s/d 24 bulan/month > 24 s/d 27 bulan/month > 28 s/d 30 bulan/month > 30 s/d 33 bulan/month > 33 s/d 36 bulan/month

2. Impairment of receivables (a) Receivables Group : Government, SOE & LGOE Receivables from the Government, SOE and LGOE are not subject to adjustment to fair value since government projects are funded through the central or local government budget, or the relevant enterprises budget as approved by their shareholders. They are adjusted to reflect their fair values when their ages are more than one year under the following percentage:

Akumulasi Penurunan Nilai Wajar Piutang / Accumulated Impairment of Penurunan Nilai Wajar Piutang/ Receivables Impairment of Receivables 5% 5% 5% 10% 10% 20% 10% 30% 10% 40% 20% 60% 20% 80% 20% 100%

21



Catatan Atas Laporan Keuangan Konsolidasian Notes To The Consolidated Financial Statements 31 Maret 2016 dan 31 Desember 2015 31 March 2016 and 31 December 2015 Serta Untuk Periode 3 (Tiga) Bulan Yang Berakhir Pada Tanggal-Tanggal And For 3 (Three) Months Ended 31 Maret 2016 dan 2015 31 March 2016 and 31 December 2015 (Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) (Expressed in full IDR, unless otherwise stated) 3. KEBIJAKAN AKUNTANSI (lanjutan) g.



g. Accounts Receivable and Impairment

(b) Kelompok Piutang : Piutang Swasta Tbk, Non Tbk dan Asing Penurunan nilai dihitung masing-masing individu yaitu setelah jatuh tempo pada tahun pertama menggunakan Discounted Cash Flow (DCF) dengan tingkat bunga sesuai dengan suku bunga Bank Indonesia (SBI). Tahun ke-2 dan selanjutnya berdasarkan DCF dan impairment sesuai butir a di atas, mana yang lebih besar.

i.

(b) Receivables classification: from national public Companies, non public companies dan foreign entities Impairment is estimated on the basis of individual receivable after the first year of its due date using Discounted Cash Flow (DCF) at the Bank Indonesia interest rate. At the second year and thereafter the basis used is DCF or the impairment rate as shown in the above table, whichever is higher.

(c) Kelompok Piutang Perlakuan Khusus Jika piutang usaha pada Pemerintah, BUMN dan BUMD telah berumur lebih dari 1 (satu) tahun dan setelah dilakukan analisa resiko terdapat keyakinan sulit untuk dilunasi atau tidak dapat tertagih maka dilakukan penurunan nilai secara individual dengan menggunakan DCF dan berdasarkan impairment sesuai butir 1 (satu) di atas, mana yang lebih besar.

(c) Receivables classification: under Particular When receivables from the Government, SOE and LGOE are outstanding for more than one year, and after risk analysis is made it is believed that their collectability are remote, adjustment is made individually, using DCF and impairment percentage referred to above, whichever is higher.

Piutang yang ditahan oleh pemberi kerja sebesar persentase yang telah ditetapkan dalam kontrak sampai dengan masa pemeliharaan proyek dicatat sebagai piutang retensi.

Receivables which are withheld by project owners at a percentage of project value as specified in the relevant contract until project maintenance period is over are recorded as retention receivable.


i. Gross Recievables from Project Owners

Piutang yang berasal dari pekerjaan kontrak konstruksi yang dilakukan untuk pemberi kerja, namun pekerjaan yang dilakukan masih dalam pelaksanaan dicatat sebagai tagihan bruto kepada pemberi kerja. Tagihan bruto disajikan sebesar selisih antara biaya yang terjadi, ditambah laba yang diakui, dikurangi jumlah kerugian yang diakui dan termin.

Receivables of construction contracts in progress are recognized gross receivable from project owners. They are presented at the differences between actual cost incurred and added with recognized profit, deducted with recognized loss and installment.

Tagihan bruto kepada pemberi kerja diakui sebagai pendapatan sesuai dengan metode persentase penyelesaian yang dinyatakan dalam berita acara progress fisik pekerjaan (laporan prestasi proyek) yang belum diterbitkan faktur karena perbedaan antara tanggal berita acara prestasi phisik dengan pengajuan penagihan pada tanggal laporan posisi keuangan.

Unbilled receivables are recognized as income based on percentage completion method which are stated in an official report of work physical progress (project performance report) the bills are not yet issued due to differences between date of physical progress report and date of billing at the statement of financial position date.

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Catatan Atas Laporan Keuangan Konsolidasian Notes To The Consolidated Financial Statements 31 Maret 2016 dan 31 Desember 2015 31 March 2016 and 31 December 2015 Serta Untuk Periode 3 (Tiga) Bulan Yang Berakhir Pada Tanggal-Tanggal And For 3 (Three) Months Ended 31 Maret 2016 dan 2015 31 March 2016 and 31 December 2015 (Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) (Expressed in full IDR, unless otherwise stated) 3. KEBIJAKAN AKUNTANSI (lanjutan) j.

k.


Persediaan

j. Inventories

Persediaan disajikan sebesar nilai yang lebih rendah antara harga perolehan dan nilai bersih yang dapat direalisasikan.

Inventories are recognized at the lower of cost and realizable value.

Persediaan Bahan Untuk Konstruksi Bahan yang dibeli dicatat sebagai persediaan bahan untuk konstruksi, setiap pengambilan bahan (Bon Pemakaian Bahan) dicatat sebagai biaya bahan pada periode yang bersangkutan dengan menggunakan metode harga ratarata bergerak. Setiap akhir periode dilakukan stock opname persediaan dan diadakan penyesuaian bila terjadi selisih antara nilai buku dan phisik.

Materials Inventory for Construction Materials purchased for construction projects are recorded as project's material inventories, each use of material (with Material Consumption Voucher) are recorded as project's material expenses for the relevant period using moving average method. At end of period the Company does inventory taking, and makes adjustment for any difference between inventory records and physical existence.

Persediaan Hotel

Hotel Inventory

Bahan yang dibeli dicatat sebesar biaya perolehan atau nilai realisasi bersih, mana yang lebih rendah (the lower of cost or net realizable value ) yang terdiri dari makanan, minuman dan perlengkapan.

Materials purchased which include food, beverage and supplies are presented at the lower of cost or net realizable value.

Persediaan Realti Persediaan realty terdiri dari persediaan rumah jadi, bangunan dalam konstruksi, kavling siap bangun dan tanah sedang dikembangkan.

Real Estate Inventory Real estate inventories include houses, buildings under construction, land sites ready for construction and lands under development.

Biaya-biaya yang secara langsung berhubungan dengan proyek termasuk biaya pinjaman dikapitalisasi ke proyek yang sedang dikembangkan.

Costs directly related to construction of projects, including cost of borrowings during construction are capitalized to projects under construction.

Beban Dibayar Dimuka

k. Prepaid Expenses

Beban Dibayar Dimuka terdiri dari biaya pemasaran, biaya tidak langsung, biaya sewa, biaya provisi dan biaya asuransi. Untuk biaya pemasaran dan biaya tidak langsung akan dibebankan secara proporsional dengan pendapatan yang diakui selama periode pelaksanaan proyek.

Prepaid expenses include marketing cost, indirect cost, rent, provision and insurance cost.

Biaya sewa, provisi dan premi asuransi diamortisasi selama masa manfaat masing-masing biaya dengan menggunakan metode garis lurus.

The rent, provision and insurance cost are amortized during their benefit period on straight line method.

23

The marketing cost and indirect cost are charged proportionally to recognized income during projects construction.



Catatan Atas Laporan Keuangan Konsolidasian Notes To The Consolidated Financial Statements 31 Maret 2016 dan 31 Desember 2015 31 March 2016 and 31 December 2015 Serta Untuk Periode 3 (Tiga) Bulan Yang Berakhir Pada Tanggal-Tanggal And For 3 (Three) Months Ended 31 Maret 2016 dan 2015 31 March 2016 and 31 December 2015 (Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) (Expressed in full IDR, unless otherwise stated) 3. KEBIJAKAN AKUNTANSI (lanjutan) l.


Investasi

l. Investments

Investasi Jangka Pendek Deposito berjangka yang jatuh tempo kurang dari 3 (tiga) bulan namun dijaminkan dan deposito berjangka yang jatuh tempo lebih dari 3 (tiga) bulan disajikan sebagai investasi jangka pendek dan dinyatakan sebesar nilai perolehan.

Short Term Investments Time deposits maturing in less than 3 (three) months and pledged as collateral and time deposits maturing in more than 3 (three) months are presented as short term investment and recognized at cost.

Portofolio reksadana diklasifikasikan sebagai investasi jangka pendek - sekuritas yang diperjualbelikan berdasarkan PSAK No. 50 - Instrumen Keuangan: Penyajian. Laba atau rugi yang sudah terealisasi atau belum terealisasi (sesuai perubahan NAB) diakui dalam laporan laba (rugi) tahun berjalan.

Mutual fund is classified as short term investment - trade securities based on SFAS No.50 - Financial Instruments: Presentation. Realized or unrealized profit or loss (in conformity with change of Net Assets Value) are recognized in current year income statement.

Investasi Pada Perusahaan Asosiasi

Investment in Associated Company

Penyertaan dalam bentuk saham dengan kepemilikan 20% s.d 50% dicatat dengan metode ekuitas (equity method). Akan tetapi apabila perusahaan mampu mengendalikan entitas anak walaupun perusahaan mempunyai penyertaan kurang dari atau sama dengan 20% maka dicatat dengan metode ekuitas. Investasi Jangka Panjang Lainnya

Investment in shares of ownership of 20% up to 50% is recognized on equity method. However, when the Company has a controlling power over the subsidiary even if the Company has ownership of less than or equal to 20%, it is recognized on equity method.

Penyertaan dalam bentuk saham dengan kepemilikan kurang dari 20% dicatat dengan metode biaya (cost method) . Akan tetapi apabila perusahaan tidak mempunyai pengaruh signifikan pada entitas anak walaupun perusahaan mempunyai penyertaan lebih dari 20% sampai dengan 50% maka dicatat dengan metode biaya.

Investment in stocks of less than 20% voting interest is recognized under cost method. Nevertheless, when the Company does not have significant influence over an entity, even when it has more than 20% to 50% of voting rights, the investment is recognized under cost method.

m. Properti Investasi

Other Long Term Investments

m. Investment Property

Perusahaan menerapkan PSAK No. 13 (Revisi 2011) Properti Investasi.

The Company implements SFAS No. 13 (Revised 2011) Investment Property.

Properti investasi adalah properti (tanah atau bangunan atau bagian dari suatu bangunan atau kedua-duanya) yang dikuasai (oleh pemilik atau lessee/penyewa melalui sewa pembiayaan) untuk menghasilkan rental atau untuk kenaikan nilai atau kedua-duanya, dan tidak untuk:

Investment property is the property (land or building or part of building or both) which are controlled by the owner or lessee/tenant through finance lease to produce rent income or to increase value or both, and not for:

- Digunakan dalam produksi atau penyediaan barang atau jasa atau untuk tujuan administratif, atau

- Use in production or supply of goods or services or administrative purposes or

- Dijual dalam kegiatan usaha sehari-hari

- Sale in daily activities.

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Catatan Atas Laporan Keuangan Konsolidasian Notes To The Consolidated Financial Statements 31 Maret 2016 dan 31 Desember 2015 31 March 2016 and 31 December 2015 Serta Untuk Periode 3 (Tiga) Bulan Yang Berakhir Pada Tanggal-Tanggal And For 3 (Three) Months Ended 31 Maret 2016 dan 2015 31 March 2016 and 31 December 2015 (Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) (Expressed in full IDR, unless otherwise stated) 3. KEBIJAKAN AKUNTANSI (lanjutan)


m. Properti Investasi

m. Investment Property

Properti investasi dicatat sebesar harga perolehan dikurangi akumulasi penyusutan dan penurunan nilai.

The investment property is recognized at cost less accumulated depreciation and impairment.

Perusahaan menggunakan model harga perolehan (cost model ) sebagai kebijakan akuntansinya dan sesuai ketentuan PSAK tersebut di atas. Perusahaan mengungkapkan nilai wajar properti investasi dalam catatan atas laporan keuangan.

The Company used the acquisition price model (cost model) as its accounting policy and according to the stipulation in the SFAS, the Company disclosed the fair value of the investment property in notes to financial statements.

Setiap bagian dari properti investasi yang memiliki biaya perolehan cukup signifikan terhadap total biaya perolehan seluruh aset harus disusutkan secara terpisah.

Every component of investment property which have quite significant cost in relation to total acquisition cost of all assets must be depreciated separately.

Penyusutan properti investasi bangunan menggunakan metode garis lurus dengan jangka waktu 20 tahun.

Straight line method is used for depreciation of building investment property over 20 years.

Properti investasi dihentikan pengakuannya pada saat pelepasan (dijual atau disewakan secara sewa pembiayaan), laba atau rugi yang timbul dari penghentian atau pelepasan diakui dalam laporan laba rugi pada periode terjadinya.

Recognition of investment property is ceased upon disposal (sale or lease by finance lease). Profit or loss arising from the dispoal is recognized in the profit loss statements as incurred.

Biaya pemeliharaan dan perbaikan properti investasi diakui dalam laporan laba rugi saat terjadinya.

Maintenance and repair costs of the investment property are recognized in the profit loss statements as incurred.

Properti dalam pelaksanaan dinyatakan sebesar biaya perolehan. Akumulasi biaya perolehan akan dipindahkan ke properti yang bersangkutan pada saat selesai dan siap digunakan. Bunga pinjaman yang berhubungan langsung dengan properti dalam pelaksanaan selama masa konstruksi dikapitalisasi.

Property under construction are stated at cost. Accumulated acquisition cost shall be reclassified to property on completion and ready for use. Loan interests which is directly related to property under construction during the construction period is capitalized.

Perusahaan telah mereklasifikasi seluruh properti investasi yang ada dalam pos aset tetap menjadi pos properti investasi dan memilih untuk menggunakan metode biaya.

The Company reclassified all of the investment properties in fixed assets account to investment property account and choose to use the cost method.

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Catatan Atas Laporan Keuangan Konsolidasian Notes To The Consolidated Financial Statements 31 Maret 2016 dan 31 Desember 2015 31 March 2016 and 31 December 2015 Serta Untuk Periode 3 (Tiga) Bulan Yang Berakhir Pada Tanggal-Tanggal And For 3 (Three) Months Ended 31 Maret 2016 dan 2015 31 March 2016 and 31 December 2015 (Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) (Expressed in full IDR, unless otherwise stated) 3. KEBIJAKAN AKUNTANSI (lanjutan) n.


Aset Tetap dan Akumulasi Penyusutan

n. Fixed Assets and Accumulated Depreciation

Kepemilikan Langsung Aset tetap diakui sebesar harga perolehan dikurangi akumulasi penyusutan, kecuali tanah yang tidak disusutkan.

Direct Ownership Fixed assets are recognized at cost, less accumulated depreciation, except for land which is not depreciated.

Setiap bagian dari aset tetap yang memiliki biaya perolehan cukup signifikan terhadap total biaya perolehan seluruh aset harus disusutkan secara terpisah.

Every component of fixed assets of significant acquisition cost in relation to total acquisition cost of all assets shall be depreciated separately.

Aset tetap bangunan disusutkan menggunakan metode garis lurus (straight line method ), sedangkan untuk aset tetap lainnya menggunakan prosentase tetap dari nilai buku metode saldo menurun (declining balance method ) dengan prosentase penyusutan sebagai berikut:

Buildings are depreciated using the straight line method, while the other fixed assets are depreciated using declining balance method at the following rates of depreciation:

1) Bangunan : 5% 2) Mesin & Peralatan : 25% - 50% 3) Inventaris Kantor : 25% 4) Kendaraan : 25% - 50% Biaya-biaya setelah perolehan awal termasuk di dalam jumlah tercatat aset dan diakui secara terpisah, jika memungkinkan, hanya jika terdapat kemungkinan bahwa biaya yang dikapitalisasi tersebut akan memberikan manfaat ekonomis bagi perusahaan dan dapat diukur secara andal. Jumlah tercatat dari komponen yang diganti tidak diakui. Seluruh biaya pemeliharaan dan perbaikan lainnya diakui sebagai beban pada saat terjadinya.

: Buildings 1) : Heavy and Light Equipments 2) : Office Equipments 3) : Vehicles 4) Subsequent expenditure on assets is only recognized as an asset when the expenditure gives economic benefits to the Company and can be reliably measured. The carrying amount of the replaced components are not recognized. All other repairs and maintenance are charged to the statements of income as incurred.

Apabila aset tetap ditarik dari penggunaannya atau dijual, maka nilai tercatat akumulasi penyusutannya dikeluarkan dari laporan keuangan, dan keuntungan dan kerugian yang dihasilkan diakui dalam laporan laba rugi komprehensif.

When fixed assets are retired or disposed of, their carrying values and the related accumulated depreciation are eliminated from the financial statements, and the resulting gains and losses are recognized in the statement of comprehensive income.

Apabila nilai tercatat aset lebih besar dari nilai yang dapat diperoleh kembali, nilai tersebut diturunkan menjadi sebesar nilai yang dapat diperoleh kembali, yang ditentukan dari nilai mana yang lebih tinggi antara harga jual bersih atau nilai pakai.

When the carrying amount of assets are greater than it's recoverable amount, the carrying amount is reduced to it's recoverable amount, which is determined by whichever is the higher between net selling price and value in use.

Biaya konstruksi bangunan dan prasarana serta pemasangan mesin dan peralatan diakumulasi sebagai aset dalam penyelesaian. Biaya-biaya tersebut dikapitalisasi ke akun aset tetap pada saat proses konstruksi atau pemasangan secara substansial telah selesai. Penyusutan mulai dibebankan pada saat aset tersebut digunakan.

Costs of building and infrastructure constructions and machinery and equipments installations are accumulated as constructions in progress. The costs are capitalized as fixed assets when the constructions or installations process are substantially completed. Depreciation is charged effective of the date the assets are put into use.

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Catatan Atas Laporan Keuangan Konsolidasian Notes To The Consolidated Financial Statements 31 Maret 2016 dan 31 Desember 2015 31 March 2016 and 31 December 2015 Serta Untuk Periode 3 (Tiga) Bulan Yang Berakhir Pada Tanggal-Tanggal And For 3 (Three) Months Ended 31 Maret 2016 dan 2015 31 March 2016 and 31 December 2015 (Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) (Expressed in full IDR, unless otherwise stated) 3. KEBIJAKAN AKUNTANSI (lanjutan) n.


Aset Tetap dan Akumulasi Penyusutan

n. Fixed Assets and Accumulated Depreciation

Biaya bunga dan biaya pinjaman lain seperti diskonto, baik yang secara langsung ataupun tidak langsung, digunakan untuk mendanai proses pembangunan aset tertentu, dikapitalisasi sampai dengan proses pembangunan secara substansial telah selesai.

Interests and other borrowing costs, such as discount fees, either directly or indirectly used in financing of construction process of certain assets, are capitalized up to the date the construction is substantially completed.

Untuk pinjaman yang langsung dapat diatribusikan dengan suatu aset tertentu, jumlah yang dikapitalisasi adalah sebesar biaya pinjaman yang terjadi selama periode berjalan, dikurangi pendapatan yang diperoleh dari investasi sementara yang berasal dari pinjaman tersebut.

Cost of borrowings which can directly attributed to certain assets are capitalized during the current period, less income earned from the temporary investment of the borrowings.

Untuk pinjaman yang tidak langsung dapat diatribusikan dengan suatu aset tertentu, jumlah biaya pinjaman yang dikapitalisasi ditentukan dengan mengalikan tingkat kapitalisasi terhadap pengeluaran yang terjadi untuk aset tersebut. Tingkat kapitalisasi adalah rata-rata tertimbang dari biaya pinjaman terhadap jumlah pinjaman dalam periode tertentu, tidak termasuk jumlah pinjaman-pinjaman yang secara khusus digunakan untuk mendanai proses kontruksi suatu aset tertentu.

Capitalization of cost of borrowings which can not directly attributed to certain assets are capitalized are determined by applying a capitalization rate to the outlays on that asset. The capitalization rate used is weighted average of the costs of loan upon total loans of the certain periods, excluding loans which are specifically used for funding construction process of certain assets.

Aset Sewa

Lease Assets

Aset tetap yang diperoleh dengan sewa pembiayaan disajikan sejumlah nilai tunai dari seluruh pembayaran sewa ditambah harga opsi yang harus dibayar pada akhir periode sewa. liabilitas yang terkait juga diakui dan setiap pembayaran angsuran dialokasikan sebagai pelunasan hutang dan beban keuangan. Aset sewa disusutkan dengan metode yang sama seperti aset yang dimiliki langsung.

Fixed assets that acquired under finance lease are presented at the present value of all lease payments added with option price payable at the end of the lease term. The related liability is also recognized and each instalment is allocated as back payment of debt and financial charges. Lease assets are depreciated similar to directly owned assets.

Keuntungan atau kerugian atas transaksi penjualan dan penyewaan kembali ditangguhkan dan diamortisasi sepanjang masa sewa.

Gains or losses on sale and leaseback transactions are deferred and amortized over the lease term.

Perusahaan telah menerapkan PSAK No. 16 (Revisi 2011) Aset Tetap dan PSAK No. 30 (Revisi 2011) - Sewa.

The Company implemented SFAS No. 16 (Revised 2011) - Fixed Asset and SFAS No. 30 (Revised 2011) - Lease.

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Catatan Atas Laporan Keuangan Konsolidasian Notes To The Consolidated Financial Statements 31 Maret 2016 dan 31 Desember 2015 31 March 2016 and 31 December 2015 Serta Untuk Periode 3 (Tiga) Bulan Yang Berakhir Pada Tanggal-Tanggal And For 3 (Three) Months Ended 31 Maret 2016 dan 2015 31 March 2016 and 31 December 2015 (Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) (Expressed in full IDR, unless otherwise stated) 3. KEBIJAKAN AKUNTANSI (lanjutan) o.


Penurunan Nilai Aset

o. Impairment of Assets

Aset tetap dan aset tidak lancar lainnya pada tanggal laporan posisi keuangan ditelaah untuk mengetahui apakah telah terjadi kerugian akibat penurunan nilai bilamana terdapat kejadian atau perubahan keadaan yang mengidentifikasikan bahwa nilai tercatat aset tersebut tidak dapat diperoleh kembali. Kerugian akibat penurunan nilai diakui sebesar selisih antara nilai tercatat aset dengan nilai yang dapat diperoleh kembali dari aset tersebut. Nilai yang dapat diperoleh kembali adalah nilai yang lebih tinggi diantara harga jual bersih dan nilai pakai aset. p.

Utang Obligasi

p. Bond Payable

Utang Obligasi disajikan sebesar nilai nominal setelah memperhitungkan amortisasi premium atau diskonto yang merupakan selisih hasil neto emisi dengan nilai nominal. Hasil emisi neto adalah hasil emisi obligasi setelah dikurangi biaya penerbitan obligasi. Obligasi yang ditawarkan Perusahaan sebesar nilai nominal obligasi. q.

Fixed assets and other non-current assets, including intangible assets are reviewed to look for whether there is loss caused by impairment in value, when there are events or changes in circumstances indicating that carrying amount may not be recoverable. An impairment of value is recognized at the difference between carrying value of the assets with recoverable value of the assets. The recoverable value are the higher value between net sale value and value in use of the assets.

Ventura Bersama (VB)

Bond payable is presented at par value net of amortized premium or discount represents the difference between net proceeds emission of par value. Net proceeds are bond proceeds after deducting issuance costs. Bonds offered by the Company of nominal value of the bonds.

q. Joint Venture (JV)

Ventura Bersama merupakan kerjasama perusahaan dengan partisipan lainnya dalam melaksanakan suatu proyek, dan kerjasama tersebut berakhir pada saat pekerjaan telah diserahterimakan ke pemberi kerja.

JV represents cooperation between the Company and other participants to carry out a project, and the cooperation will terminate at the time the project is delivered to project owner.

Penyerahan dana yang ditanamkan pada VB dicatat dalam akun uang muka VB. Laba VB yang belum diterima pembayarannya pada periode berjalan dicatat sebagai piutang VB dan dikelompokkan dalam akun piutang usaha sebesar prosentase kontribusi pada VB.

The payment of fund invested in JV is recorded in the JV's advance payment account. Unpaid JV profit in the current period is recorded as JV receivables at the percentage of contribution to JV.

Laba VB yang diterima di muka dicatat sebagai uang muka laba VB dan dikelompokkan pada akun utang usaha.

Advance withdrawal of JV profit is recorded as JO's profit advance payment and classified into trade payable account. JV income and cost are presented net as JV Profit (Loss) in the Company's profit (loss) statements at the moment the project's accountability report is approved and recorded at JV contribution percentage.

Pendapatan dan biaya VB disajikan bersih sebagai Laba (Rugi) VB dalam laporan perhitungan laba (rugi) Perusahaan pada saat laporan pertanggungjawaban proyek disetujui dan dicatat sebesar prosentasi kontribusi.

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Catatan Atas Laporan Keuangan Konsolidasian Notes To The Consolidated Financial Statements 31 Maret 2016 dan 31 Desember 2015 31 March 2016 and 31 December 2015 Serta Untuk Periode 3 (Tiga) Bulan Yang Berakhir Pada Tanggal-Tanggal And For 3 (Three) Months Ended 31 Maret 2016 dan 2015 31 March 2016 and 31 December 2015 (Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) (Expressed in full IDR, unless otherwise stated) 3. KEBIJAKAN AKUNTANSI (lanjutan) r.

s.


Uang Muka Pemberi Pekerjaan dan Konsumen

r. Advances of Projects Owners and Consumers

Uang muka pemberi pekerjaan (jasa konstruksi) merupakan uang muka yang diterima dari pemberi kerja atas pekerjaan jasa konstruksi saat kontrak kerja ditandatangani dan secara proporsional akan diperhitungkan dengan pembayaran termin yang didasarkan atas kemajuan fisik yang telah dicapai.

Advances of projects owners (construction services) represent advances withdrawn from projects at the time a contract is signed and shall be proportionally settled with instalment payment based on the percentage of construction completed.

Uang muka konsumen real estate (realty) merupakan uang muka yang diterima dari konsumen sehubungan dengan penjualan rumah, rukan dan apartemen dan akan diperhitungkan pada saat penerimaan termin minimal 20%.

Advances of real estate consumers (realty) represent advances withdrawn from consumers in relation to sales of houses, office houses and apartments and will be calculated at the moment when at least 20% instalment is received.

Uang muka pemberi pekerjaan dan konsumen yang jangka waktu penyelesaiannya kurang dari setahun dikelompokkan dalam liabilitas lancar, sedangkan yang lebih dari setahun dikelompokkan dalam liabilitas tidak lancar.

Advance payment received from a project owner or consumer settlement of which is less than one year is classified as current liability, while which of more than one year is classified as non-current liability.

Imbalan Pasca Kerja

s. Post Employments Benefit

Perusahaan menerapkan PSAK No. 24 (Revisi 2013) Akuntansi Imbalan Kerja, yaitu menyelenggarakan program pensiun dan program manfaat karyawan untuk mengakui imbalan pasca kerja karyawan berdasarkan peraturan perusahaan dan sesuai dengan Undang-Undang No. 13 tahun 2003 tentang Ketenagakerjaan.

The Company implements SFAS No. 24 (Revised 2013): Accounting of Post Employment Benefit, that is providing pension program and employment benefit program in conformity with Law No. 13 of 2003 on Labour.

1) Program Pensiun Perusahaan menyelenggarakan program pensiun manfaat pasti (PSL) untuk seluruh karyawan organik berdasarkan gaji pokok terakhir dan masa kerja karyawan. Program pensiun ini dikelola secara terpisah oleh Dana Pensiun PT PP (Persero), Tbk yang telah mendapat pengesahan dari Menteri Keuangan Nomor KEP-372/KM.6/2003 tanggal 31 Oktober 2003.

1 Pension Program ) The Company provides defined benefit pensions program for all permanent employees based on their last basic salary and service period. The pension program is managed separately by Pension Fund PT PP (Persero) Tbk on the approval of the Minister of Finance through his decree No. KEP-372/KM.6/2003 dated 31 October 2003.

Kontribusi iuran sebelum UU No. 11 tahun 1992, perusahaan memberikan kontribusi iuran sebesar 16,9% dan karyawan menanggung sebesar 7,5% dihitung dari penghasilan dasar pensiun per bulan. Kontribusi iuran setelah UU no. 11 tahun 1992, perusahaan memberikan kontribusi iuran sebesar 13,9% dan karyawan menanggung sebesar 4,5% dihitung dari penghasilan dasar pensiun per bulan. Beban kontribusi perusahaan dicatat sebagai beban tahun berjalan.

The contributions made prior to the adoption of the Law No.11 of 1992: by the Company 16,9% and by the employees 7,5% of their monthly basic retirement salaries. Contribution after the adoption of the Law No.11 of 1992: by the Company 13,9% and by the employees 4,5% of their monthly basic retirement salaries. The contribution made by the Company is recognized as current year expense.

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Catatan Atas Laporan Keuangan Konsolidasian Notes To The Consolidated Financial Statements 31 Maret 2016 dan 31 Desember 2015 31 March 2016 and 31 December 2015 Serta Untuk Periode 3 (Tiga) Bulan Yang Berakhir Pada Tanggal-Tanggal And For 3 (Three) Months Ended 31 Maret 2016 dan 2015 31 March 2016 and 31 December 2015 (Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) (Expressed in full IDR, unless otherwise stated) 3. KEBIJAKAN AKUNTANSI (lanjutan) s.


Imbalan Pasca Kerja (lanjutan)

s. Post Employments Benefit (continued)

2) Program Manfaat Karyawan

t.

Perusahaan menyelenggarakan program manfaat pasca kerja (post-retirement benefit) sesuai Undang-Undang No. 13 tahun 2003 tentang Ketenagakerjaan.

2 Employees Benefits Program ) The Company provides post retirement benefit program in accordance with the Law No.13 year 2003 on Labour.

Imbalan kerja didasarkan pada masa kerja karyawan dan penghasilan karyawan. Metode penilaian yang digunakan oleh aktuaria adalah metode projected unit credit yang mencerminkan jasa pekerja pada saat penilaian. Manfaat pasca kerja diakui sebagai liabilitas dan beban pada saat terjadi.

Employee benefits is based on employees service period and income. The assessment method used by the actuary is a projected unit credit method which reflects the employees service at the date of assessment. Employees benefit upon post retirement is recognized as liability and expense as incurred.

Terdapat pendanaan yang disisihkan oleh perusahaan sehubungan dengan estimasi liabilitas tersebut.

The company allocate fund in connection with the estimated liability to the employees benefit plan.

Pengakuan Pendapatan dan Beban

t. Recognition of Revenue and Costs

Pengakuan Pendapatan

Recognition of Revenue

Pendapatan atas jasa konstruksi diakui berdasarkan prosentase penyelesaian pekerjaan. Prosentase penyelesaian konstruksi ditetapkan berdasarkan kemajuan fisik proyek yang dituangkan dalam Laporan Prestasi Proyek (LPP) yang ditandatangani kedua belah pihak. Terhadap pendapatan usaha konstruksi yang telah diterbitkan fakturnya diakui sebagai piutang usaha, sedangkan yang belum diterbitkan fakturnya diakui sebagai Pendapatan real estate (realty ) diakui dengan metode akrual penuh (full accrual method ), yaitu pada saat ditandatangani Akte Jual Beli/Akad Kredit atau saat ditandatangani Perjanjian Pengikatan Jual Beli (PPJB).

The income from construction service is recognized based on the project completion percentage, which is determined on the basis of completion percentage. The completion percentage is determined on the basis of certificate of work completed (Laporan Prestasi Proyek LPP) signed by both parties. Invoice on completed work is recognized as operating income and operating receivable, while for that pending invoicing is recognized Realty income is recognized by using full accrual at the moment the signing of Deed of Sale and Purcase/Credit Agreement or upon signing of Sale Purchase Binding Agreement.

Berdasarkan ketentuan tersebut, pendapatan dari penjualan rumah dan apartemen diakui bila seluruh syarat berikut telah terpenuhi:

Based on the requirements, the income from the sale of house and apartment is recognized when all accompanying requirements is satisfied:

1. Penjualan tanah dan bangunan fasilitas KPR dan KPA:

1 Sale of land and buildings under housing and . apartment ownership loan facilities:

a) Pengikatan jual beli telah berlaku.

a) Sale purchase agreement is effective.

b Harga jual akan tertagih, yaitu jumlah pembayaran ) termin yang diterima minimal 20% dari harga jual yang telah disepakati.

b Selling price is collectable, that is when at least 20% ) of the selling price is agreed.

c) Tagihan perusahaan tidak bersifat subordinasi di masa yang akan datang terhadap pinjaman lain yang akan diperoleh pembeli.

c The Company's receivable will not become ) subordinated to other loans received by the buyer.

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Catatan Atas Laporan Keuangan Konsolidasian Notes To The Consolidated Financial Statements 31 Maret 2016 dan 31 Desember 2015 31 March 2016 and 31 December 2015 Serta Untuk Periode 3 (Tiga) Bulan Yang Berakhir Pada Tanggal-Tanggal And For 3 (Three) Months Ended 31 Maret 2016 dan 2015 31 March 2016 and 31 December 2015 (Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) (Expressed in full IDR, unless otherwise stated) 3. KEBIJAKAN AKUNTANSI (lanjutan) t.


Pengakuan Pendapatan dan Beban

t. Recognition of Revenue and Costs

Pengakuan Pendapatan

Recognition of Revenue

d Perusahaan telah mengalihkan resiko dan manfaat ) kepemilikan kepada pembeli melalui suatu transaksi yang secara substansial adalah penjualan dan penjual tidak lagi berliabilitas atau terlibat secara signifikan dengan aset (properti) tersebut.

d The Company has transferred the risks and benefits ) of ownership of the building unit to the buyer through a transaction which in substance is a sale, and the seller no longer has any obligations or significant involvement in the building unit.

2. Penjualan tanah dan bangunan tanpa fasilitas KPR dan KPA.

2 Sale of land and building without housing and . apartment ownership loan facilities.

Pengakuan pendapatan atas penjualan tanah dan bangunan tanpa fasilitas KPR dan KPA dilakukan bila pembeli telah membayar minimal 20% dari harga jual.

The recognition of income from sale of land and building without housing and apartment ownership loan facilities is made when the buyer had paid at least 20% of selling price. If a real estate transaction does not satisfy the criteria of profit recognition, the sale recognition shall be deferred and the transaction shall be recognized using the deposit method until all the criteria for using the full accrual method are satisfied.

Apabila semua persyaratan tersebut di atas tidak terpenuhi, semua penerimaan uang yang berasal dari konsumen dicatat sebagai uang muka konsumen dengan menggunakan metode deposit (deposit method ), sampai semua persyaratan terpenuhi.

u.

Dalam kondisi penyelesaian aktvitas pengembangan real estate mencakup lebih dari satu periode akuntansi, metode akuntansi yang digunakan untuk aktivitas pengembangan real estate adalah metode persentase penyelasaian (precentege-of-completion method ). Pendapatan properti merupakan pendapatan sewa gedung yang diamortisasi sesuai umur sewa, sesuai PSAK No. 30 tentang Sewa (Revisi 2011).

In the event a real estate construction period is completed over more the one accounting period, the accounting method used is percentage-of-completion method.

Pengakuan Beban

Recognition of Cost

Bunga pinjaman yang digunakan untuk pembiayaan bidang usaha realti dan properti dalam masa konstruksi dikapitalisasi. Sedangkan biaya bunga untuk jasa konstruksi dibebankan langsung pada tahun berjalan.

Interest on loan used for financing real estate and property during construction period is capitalized. While interest expense for construction service is directly charged to current period.

Beban diakui sesuai dengan manfaatnya pada tahun yang bersangkutan (accrual method ).

Expenses are recognized in accordance with the benefit derived in the relevant year (accrual method).

Perpajakan

Revenue from properties represents building rent revenue which is amortized over the rent period and in accordance with SFAS No. 30 - Lease (Revised 2011).

u. Taxation

Beban pajak penghasilan terdiri dari pajak penghasilan kini dan pajak penghasilan tangguhan. Pajak tersebut diakui dalam laporan laba rugi komprehensip konsolidasian.

Income tax expense comprises current income tax and deffered income tax. Tax is recognized in the consolidated statement of comprehensive income.

Pajak penghasilan kini dihitung dengan menggunakan tarif pajak yang berlaku pada tanggal posisi keuangan.

The current income tax is calculate using tax rates in effect at the date of the financial position.

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Catatan Atas Laporan Keuangan Konsolidasian Notes To The Consolidated Financial Statements 31 Maret 2016 dan 31 Desember 2015 31 March 2016 and 31 December 2015 Serta Untuk Periode 3 (Tiga) Bulan Yang Berakhir Pada Tanggal-Tanggal And For 3 (Three) Months Ended 31 Maret 2016 dan 2015 31 March 2016 and 31 December 2015 (Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) (Expressed in full IDR, unless otherwise stated) 3. KEBIJAKAN AKUNTANSI (lanjutan) u.


Perpajakan

u. Taxation

Pajak penghasilan tangguhan diakui dengan menggunakan balance sheet liability method, untuk semua perbedaan temporer antara dasar pengenaan pajak atas aset dan liabilitas dengan nilai tercatatnya untuk masing-masing entitas.

Deffered income tax is recognized using the balance sheet liablility method, for all temporary differences arising between the tax bases of assets and liabilities with carrying values for each entity.

Sehubungan dengan ditetapkannya Peraturan Pemerintah RI No. 40 Tahun 2009 yang diungkapkan pada tanggal 4 Juni 2009 yang merupakan Perubahan (revisi) atas Peraturan Pemerintah RI No. 51 Tahun 2008 yang telah diundangkan tanggal 23 Juli 2008 tentang Pajak atas Penghasilan dari Usaha Jasa Konstruksi sebagai pengganti Peraturan Pemerintah RI No. 140 Tahun 2000, Perseroan sebagai pelaksana konstruksi sesuai pasal 10B Peraturan Pemerintah No. 40 Tahun 2009 dikenakan tarif 3% final untuk kontrak yang diperoleh mulai 1 Agustus 2008.

Related to the enactment of Government Regulation Republic of Indonesia No. 40 year 2009, which was enacted on June 4, 2009 which is the change (revision) of Government Regulation No. 51 year 2008, which was passed July 23, 2008 on Tax on Income From Construction Services as a subtitute Government Regulation No. 140 year 2000, the Company as the contractor in accordance with Article 10B of Government Regulation No. 40 year 2009 be charged at 3% final for the contract obtained from August 1, 2008

Beban pajak kini untuk bidang usaha non konstruksi ditentukan berdasarkan penghasilan kena pajak dalam periode yang bersangkutan yang dihitung berdasarkan tarif pajak yang berlaku. Aset dan Liabilitas pajak tangguhan untuk bidang usaha non konstruksi diakui atas konsekuensi pajak pada tahun mendatang yang timbul dari perbedaan jumlah tercatat Aset dan Liabilitas menurut laporan keuangan dengan dasar pengenaan pajak Aset dan Liabilitas pada tanggal laporan. Liabilitas pajak tangguhan diakui untuk semua perbedaan temporer kena pajak dan aset pajak tangguhan diakui untuk perbedaan temporer yang boleh dikurangkan dan akumulasi rugi fiskal, sepanjang besar kemungkinan dapat dimanfaatkan untuk mengurangi penghasilan kena pajak pada masa mendatang.

Current tax expenses for non construction business unit is determined based on taxable income for the period is calculate based on prevailing tax rates. Deffered tax assets and liabilities to non construction business units are recognized for tax consequences between carrying amounts of assets and liabilities for financial reporting with tax bases of assets and liabilities on the reporting date. Deffered tax liabilities are recognized for all taxable temporary differences and deffered tax assets are recognized for temporary differences can be deducted and accumulated tax losses, to the extent it is probable that can be utilized to reduce taxable income in the future.

Untuk bidang usaha realty mengacu pada Peraturan Pemerintah RI No. 71 Tahun 2008 dengan tarif 5% untuk rumah menengah ke atas dan 1% untuk rumah sederhana. Sedangkan jasa pengelolaan dan persewaan property mengacu pada UU PPh pasal 4 ayat 2 dengan tarif 10% final.

For the field of realty business refers to Government Regulation of Republik Indonesia No. 71 Year 2008 the rate of 5% for middle-and upper houses and 1% for a modest house. While management services and rental of property refers to the income Tax Act article 4 point 2 with a rate of 10% final.

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Catatan Atas Laporan Keuangan Konsolidasian Notes To The Consolidated Financial Statements 31 Maret 2016 dan 31 Desember 2015 31 March 2016 and 31 December 2015 Serta Untuk Periode 3 (Tiga) Bulan Yang Berakhir Pada Tanggal-Tanggal And For 3 (Three) Months Ended 31 Maret 2016 dan 2015 31 March 2016 and 31 December 2015 (Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) (Expressed in full IDR, unless otherwise stated) 3. KEBIJAKAN AKUNTANSI (lanjutan) u.


Perpajakan

u. Taxation

Perbedaan nilai tercatat aset atau Liabilitas yang berhubungan dengan pajak penghasilan final dengan dasar pengenaan pajaknya, tidak diakui sebagai aset atau liabilitas pajak tangguhan. Beban pajak kini sehubungan dengan penghasilan yang menjadi subjek pajak penghasilan final diakui proporsional dengan jumlah pendapatan menurut akuntasi yang diakui pada periode berjalan dan dijadikan dasar perhitungan dalam penyusunan Surat Pemberitahuan Tahunan (SPT) Badan oleh Perseroan. Selisih antara penghasilan pajak final yang telah dibayar dengan jumlah yang dibebankan sebagai beban pajak penghasilan pajak final pada perhitungan laba rugi konsolidasi diakui sebagai pajak dibayar di muka atau utang pajak. v.

Informasi Segmen

Differences carrying value of assets or liabilities associated with the final income tax bases are not recognized as deffered tax assets or liabilities. Current tax expenses in connection with the income subject to final income tax is recognized proportionately with the amount of revenue recognized during the period and basis for calculations in the preparation of annual tax board. The difference between the final tax income paid and the amount charged as income tax expense in the calculation of final tax income is recognized as prepaid as prepaid tax or tax payable.

v. Segment Information

Informasi segmen disajikan menurut pengelompokkan (segmen) jenis usaha sebagai bentuk pelaporan segmen primer dan segmen sekunder dikelompokkan berdasarkan unit pengendalian.

Segment Information is presented according to group (segment) of business as a primary segment report and secondary segment report based on controlling unit.

Segmen usaha adalah komponen yang dapat dibedakan (distinguishable components ) dan menghasilkan suatu produk atau jasa yang berbeda menurut pembagian industri atau kelompok produk atau jasa sejenis yang berbeda, terutama untuk para pelanggan di luar entitas perusahaan.

A business segment is a distinguishable component of an enterprise that is engaged in producing products or services (both an individual product or service or a group of related products or services) and that is subject to risks and returns that are different from those of other segments. Control unit segment is a company component which can be distinguished in products or services at specific controlling unit area (nature of environment control), which has different risks and benefit as compared with risks and benefit of other control units (nature of environment control).

Segmen unit pengendalian adalah komponen perusahaan yang dapat dibedakan dalam menghasilkan produk atau jasa pada lingkungan unit pengendalian (sifat lingkungan pengaturan), yang memiliki risiko dan imbalan yang berbeda dengan risiko dan imbalan pada lingkungan unit pengendalian (sifat lingkungan pengaturan) yang lainnya. w. Instrumen Keuangan

w. Financial Instruments

Perusahaan telah menerapkan PSAK 50 (Revisi 2014), "Instrumen Keuangan: Penyajian", PSAK 55 (Revisi 2014), "Instrumen Keuangan: Pengakuan dan Pengukuran dan PSAK 60 " Instrumen Keuangan Pengungkapan", yang menggantikan PSAK 50, " Akuntansi Investasi Efek Tertentu", PSAK 55 (Revisi 1999), "Akuntansi Instrumen Derivaif dan Aktivitas Lindung Nilai".

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The company have implemented SFAS 50 (Revised 2014), "Financial Instruments: Presentation", SFAS 55 (Revised 2014), "Financial Insruments: Recognition and Measurement" and SFAS 60 "Financial Instruments: Disclosures", Which replace SFAS 50 "Accounting for Certain Investments in Debt and Equity Securities", SFAS 55 (Revised 1999), "Accounting for Derivative Instruments and Hedging Activities".





w. Instrumen Keuangan (lanjutan)

w. Financial Instruments (continued)

PSAK 50 (Revisi 2014), berisi persyaratan penyajian dari instrumen keuangan dan mengidentifikasikan informasi yang harus diungkapkan. Persyaratan pengungkapan berlaku terhadap klasifikasi instrumen keuangan, dari prespektif penerbit, dalam aset keuangan, liabilitas keuangan dan instrumen ekuitas; pengklasifikasian yang terkait dengan suku bunga, deviden, kerugian dan keuntungan; dan keadaan dimana aset keuangan dan liabilitas keuangan akan saling hapus. PSAK ini mensyaratkan pengungkapan, antara lain, informasi mengenai faktor yang mempengaruhi jumlah, waktu dan tingkat kepastian arus kas masa datang suatu entitas yang terkait dengan instrumen keuangan dan kebijakan akuntansi yang diterapkan untuk instrumen tersebut.

SFAS 50 (Revised 2014), contains requirement of presentation of financial instruments and identified information which should be disclosed. Requirement applies to financial instruments clasifications, from publisher prespective, on financial assets, financial obligations and equity instruments; clasification related with interests, devidend, profit and loss; and offsetting conditions between financial assets and financial obligations. This SFAS requires disclosure, which are, informations about factors affecting amount, times and certainly of future cash flow and accounting policies.

PSAK 55 (Revisi 2014) mengatur prinsip-prinsip dasar pengakuan dan pengukuran aset keuangan, liabilitas keuangan dan beberapa kontrak pembelian atau penjualan item non-keuangan. PSAK ini, antara lain, menyediakan definisi dan karakteristik derivatif, kategori instrumen keuangan, pengakuan dan pengukuran, akuntansi lindung nilai dan penetapan hubungan lindung nilai.

SFAS 55 (Revised 2014) establish principles for recognizing and measuring financial assets, financial liabilities and some contracts to buy or sell non-financial items. This SFAS, provides derivatives definition and characteristic of derivatives, classification of financial instruments, recognition and measurements, accounting for hedging instrument and determination of hedging.

1. Aset Keuangan Pengakuan Awal Aset keuangan diklasifikasikan sebagai aset yang diukur pada nilai wajar melalui laporan laba rugi, pinjaman yang diberikan dan piutang, investasi dimiliki hingga jatuh tempo, atau aset keuangan tersedia untuk dijual, mana yang sesuai. Perusahaan menentukan klasifikasi aset keuangan tersebut pada pengakuan awal dan, jika diperbolehkan dan diperlukan, mengevaluasi kembali pengklasifikasian aset tersebut pada setiap akhir periode keuangan.

1. Financial Assets Initial Recognition Financial assets are classified as financial assets measured at fair value trough profit and loss statement, loans and receivables, investment held to maturity, or financial assets available for sale, which one is appropriate. The Company and Subsidiaries determine the financial assets classification on initial recognition and, when permitted and necessary, assess those assets classifications at end of each reporting period.

Aset keuangan pada awalnya diakui sebesar nilai wajarnya ditambah, dalam hal investasi yang tidak diukur pada nilai wajar melalui laporan laba rugi komprehensip, biaya transaksi yang dapat diatribusikan secara langsung. Pembelian atau penjualan aset keuangan yang memerlukan pengiriman aset dalam kurun waktu yang ditetapkan oleh peraturan atau kebiasaan yang berlaku di pasar (perdagangan yang lazim) diakui pada tanggal perdagangan.

Financial Assets at first recognized at fair value, in the case of unmeasured investment in fair value through comprehensive profit and loss statement, transaction costs that can attributed directly.

34

Financial assets sales and purchase which require assets delivery within set by rules or convention in the market (common trades) recognized at the trade date.







Aset Keuangan Perusahaan meliputi kas dan setara kas, investasi jangka pendek, piutang usaha dan piutang lainnya, instrumen keuangan yang memiliki dan tidak memiliki kuotasi, instrumen keuangan derivatif dan aset keuangan lancar dan tidak lancar lainnya. Pengukuran Setelah Pengakuan Awal Pengukuran aset keuangan setelah pengakuan awal tergantung pada klasifikasinya sebagai berikut:

The Company's and Subsidiaries financial assets include cash and cash equivalents, short term investment, accounts receivables and other receivables, financial instruments that have or don't have quotations, derivatives financial instruments and current financial assets and other non current financial assets. Subsequent Measurement Financial assets subsequent measurement depends on each classification:

Aset Keuangan Yang Diukur Pada Nilai Wajar Melalui Laporan Laba Rugi Komprehensip.

Financial Assets Measured at Fair Value Through Comprehensive Profit and Loss.

Aset keuangan yang diukur pada nilai wajar melalui laporan laba rugi termasuk aset keuangan untuk diperdagangkan dan aset keuangan yang diterapkan pada saat pengakuan awal untuk diukur pada nilai wajar melalui laporan laba rugi komprehensip.

Financial assets measured at fair value through profit and loss include financial assets held for trading and financial assets designated to be measured at initial recognition at fair value through comprehensive profit and loss.

Aset keuangan diklasifikasikan sebagai kelompok diperdagangkan jika mereka diperoleh untuk tujuan dijual atau dibeli kembali dalam waktu dekat. Aset derivatif juga diklasifikasikan sebagai kelompok diperdagangkan kecuali mereka ditetapkan sebagai instrumen lindung nilai efektif. Aset keuangan yang diukur pada nilai wajar melalui laporan laba rugi disajikan dalam laporan posisi keuangan konsolidasi pada nilai wajar dengan keuntungan atau kerugian dari perubahan nilai wajar diakui dalam laporan laba rugi komprehensip konsolidasi.

Securities purchased and owned for resale in the near future are classified under the “trading” category. Derivative assets are also classified under trading category except when they are designated and effective hedging instruments. Financial asset measured at fair value through profit and loss are presented in consolidated statement of financial position at fair value with gain or loss arising from changes in fair value recognized in consolidated income statement of comprehensive.

Derivatif yang melekat pada kontrak utama dicatat sebagai derivatif yang terpisah apabila karakteristik dan resikonya tidak berkaitan erat dengan kontrak utama, dan kontrak utama tersebut tidak dinyatakan dengan nilai wajar.

An embedded derivative are separated from the host contract and accounted for as a derivative if the economic characteristics and risks of the embedded derivative are not closely related to the economic characteristics and risks of the host contract and the host contract is not measured at fair value.

Pinjaman Yang Diberikan dan Piutang Pinjaman yang diberikan dan piutang adalah aset keuangan non derivatif dengan pembayaran tetap atau telah ditentukan, yang tidak mempunyai kuotasi di pasar aktif.

Loans and Account Receivable Loans and account receivable are non derivatives financial asset with fixed or determined payment that no quotation in active market.

35







Aset keuangan tersebut diukur sebesar biaya perolehan diamortisasi (amortized costs ) dengan menggunakan metode suku bunga efektif (effective interest rate ). Keuntungan dan kerugian diakui dalam laporan laba rugi komprehensip konsolidasi pada saat pinjaman yang diberikan dan piutang dihentikan pengakuannya atau mengalami penurunan nilai, demikian juga pada saat proses amortisasi.

Those financial assets are measured at amortized costs using effective interest rate. Gain or losses recognized on consolidated profit and loss statement at the time of loan granted and receivables are derecognized or impaired in value, as well as amortized.

Kas dan setara kas, piutang usaha dan piutang lainnya, pihak berelasi, aset keuangan lancar lainnya, piutang jangka panjang dan aset keuangan tidak lancar lainnya Perusahaan dan entitas anak termasuk dalam kategori ini.

Cash and cash equivalent, trade receivables and other receivables, related party receivables, other current financial assets, long term receivables and other non current financial asset including of the Company and subsidiaries are included this category.

Investasi Dimiliki Hingga Jatuh Tempo

Held to Maturity Investment

Aset keuangan non derivatif dengan pembayaran tetap atau telah ditentukan dan jatuh temponya telah ditetapkan diklasifikasikan sebagai Held to Maturity (HTM) ketika Perusahaan dan entitas anak memiliki intensi positif dan kemampuan untuk memiliki aset keuangan tersebut hingga jatuh tempo. Setelah pengukuran awal, investasi HTM diukur pada biaya perolehan diamortisasi dengan menggunakan metode suku bunga efektif.

Held to maturity investment are non-derivative financial assets with fixed or determinable payments and fixed maturity that the Company has the positive intention and ability to hold to maturity. Subsequent to initial measurement, HTM investment are measured at amortized cost using effective interest rate.

Metode ini menggunakan suku bunga efektif yang secara tepat mendiskontokan estimasi penerimaan kas di masa datang selama perkiraan umur dari aset keuangan ke nilai tercatat bersih (net carrying amount ) dari aset keuangan. Keuntungan dan kerugian diakui dalam laporan laba rugi komprehensif konsolidasi pada saat investasi tersebut dihentikan pengakuannya atau mengalami penurunan nilai, serta melalui proses amortisasi. Perusahaan tidak memiliki investasi dimiliki hingga jatuh tempo.

The method uses effective interest rate which appropriately discounting the future estimated cash receipts over the expected time from financial assets to net carrying amount. Gain or losses recognized at consolidated comprehensive profit and loss statement when the investment is derecognized or impaired, and through amortization process.

Aset Keuangan Tersedia Untuk Dijual

Available For Sale (AFS) Financial Assets

Aset keuangan AFS (Available For Sale ) adalah aset keuangan non derivatif yang ditetapkan sebagai tersedia untuk dijual atau yang tidak diklasifikasikan dalam tiga kategori sebelumnya.

AFS financial assets is non derivative financial asset defined as available for sale or not classified in the previous three categories.

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The Company does not have held to maturity investment.







Setelah pengukuran awal, aset keuangan AFS diukur dengan nilai wajar dengan keuntungan atau kerugian yang belum terealisasi diakui dalam ekuitas sampai investasi tersebut dihentikan pengakuannya. Pada saat itu, keuntungan atau kerugian kumulatif yang sebelumnya diakui dalam ekuitas akan direklas ke laporan laba rugi komprehensif sebagai penyesuaian reklasifikasi.

Subsequent to initial measurement, AFS financial assets are measured at fair value with unrealized profit or losses recognized in equity until the investment is derecognized. At that time, cumulative profit or losses previously recognized in equity will be reclassified into comprehensive profit and loss statement as a reclasification adjustment.

Perusahaan memiliki investasi diklasifikasikan sebagai AFS:

yang

The Company invested in securities which are classified as AFS:

- Investasi saham yang nilai wajarnya tidak tersedia dengan pemilikan modal kurang dari 20%, dan investasi jangka panjang lainnya dinyatakan sebesar biaya perolehan.

- Investment in shares of less than 20 % interest, the fair value of which is not available and other long term investment recognized at cost.

- Investasi jangka pendek yang nilai wajarnya tersedia dengan pemilikan modal kurang dari 20% dan yang diklasifikasikan dalam kelompok AFS, dicatat sebesar nilai wajarnya.

- Short term investment of less than 20% interest, the fair value of which is available, classified as AFS, recognized at fair value.

berikut

2. Liabilitas Keuangan

2 Financial Liabilities . Initial Recognition

Pengakuan Awal Liabilitas keuangan dapat dikategorikan sebagai liabilitas keuangan yang diukur pada nilai wajar melalui laporan laba rugi, pinjaman dan hutang, atau derivatif yang ditetapkan sebagai instrumen lindung nilai dalam lindung nilai yang efektif, mana yang sesuai. Perusahaan dan entitas anak menentukan klasifikasi liabilitas keuangan mereka pada saat pengakuan awal.

Financial liabilities are classified as financial liabilities measured at fair value through profit and loss, loan and payables, or derivatives designated as hedging instrument, which one is appropriate. The Company and Subsidiaries determine the classification of their financial liabilities at the time of initial recognition.

Liabilitas keuangan diakui pada awalnya sebesar nilai wajar dan, dalam hal pinjaman dan utang, termasuk biaya transaksi yang dapat diatribusikan secara langsung. Liabilitas keuangan Perusahaan dan entitas anak meliputi utang usaha dan utang lainnya, utang pengadaan, biaya yang masih harus dibayar, utang jangka panjang dan utang obligasi, utang pihak berelasi, instrumen keuangan derivatif dan liabilitas keuangan lancar dan tidak lancar lainnya.

Financial liabilities are initially recognized at fair value and, in terms of loans and debts, which include directly attributable transaction costs.

Pengukuran Setelah Pengakuan Awal Pengukuran liabilitas keuangan tergantung pada klasifikasinya sebagai berikut:

Measurement Subsequent to Initial Recognition Measurement of financial liabilities depends on their classifications:

37

The Company's and Subsidiaries' financial liabilities include trade and other payables, procurement payables, accrued expenses, long term debt and bonds, related party payables, derivatives financial instruments and other current and non current financial liabilities.







Liabilitas keuangan yang diukur pada nilai wajar melalui laporan laba rugi komprehensif.

Financial liabilities measured at fair value through comprehensive profit and loss statement.

Liabilitas keuangan yang diukur pada nilai wajar melalui laporan laba rugi termasuk liabilitas keuangan untuk diperdagangkan dan liabilitas keuangan yang ditetapkan pada saat pengakuan awal untuk diukur pada nilai wajar melalui laporan laba rugi.

Financial liabilities measured at fair value through profit and loss include financial liabilities held for trading and financial liabilities designated at initial recognition to be measured at the fair value through profit and loss.

Liabilitas keuangan diklasifikasikan sebagai kelompok diperdagangkan jika mereka diperoleh untuk tujuan dijual atau dibeli kembali dalam waktu dekat. liabilitas derivatif juga diklasifikasikan sebagai kelompok diperdagangkan kecuali mereka ditetapkan sebagai instrumen lindung nilai efektif.

Financial liabilities classified as held for trading if they are acquired for the purpose of resale or repurchase in the near future. Derivative liabilities also classified as held for trading unless they are designated as effective hedging instruments.

Keuntungan atau kerugian atas liabilitas yang dimiliki untuk diperdagangkan diakui dalam laporan laba rugi komprehensif konsolidasi.

Profit or loss on liabilities held for trading is recognized at consolidated income statement of comprehensive.

Pinjaman dan Utang Setelah pengakuan awal, pinjaman dan utang yang dikenakan bunga selanjutnya diukur pada biaya perolehan diamortisasi dengan menggunakan metode suku bunga efektif.

Loans and Debts Subsequent to initial recognition, loans and interest bearing debt measured at amortized cost using effective interest rate.

Keuntungan atau kerugian atas liabilitas yang dimiliki untuk diperdagangkan diakui dalam laporan laba rugi konsolidasi.

Profit or loss on liabilities held for trading is recognized at consolidated income statement.

Saling Hapus dari Instrumen Keuangan

Offsetting of Financial Instruments

Aset keuangan dan liabilitas keuangan saling hapus dan nilai bersihnya dilaporkan dalam laporan posisi keuangan konsolidasi, jika dan hanya jika, saat ini memiliki hak yang berkekuatan hukum untuk melakukan saling hapus atas jumlah yang telah diakui dan terdapat niat untuk menyelesaikan secara neto, atau untuk merealisasikan liabilitasnya secara simultan.

Financial asset and financial liabilities are offset and the net amount is reported in consolidated statement of financial position, if and only if, have legal force for offsetting the recognized amount and to settle on net basis, or to settle the obligations simultaneously.

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Nilai wajar instrumen keuangan yang diperdagangkan secara aktif di pasar keuangan yang terorganisasi ditentukan dengan mengacu pada kuotasi harga penawaran di pasar aktif pada penutupan bisnis pada akhir periode pelaporan. Untuk instrumen keuangan yang tidak memiliki pasar aktif, nilai wajar ditentukan dengan menggunakan teknik penilaian. Teknik penilaian mencakup penggunaan transaksi pasar terkini yang dilakukan secara wajar oleh pihak - pihak yang berkeinginan dan memahami (recent arm's length market transactions); penggunaan nilai wajar terkini instrumen lain yang secara substansial sama; analisa arus kas yang didiskonto; atau model penilaian lain.

The fair value of financial Instrument traded actively in organized financial market is measured at market quotation at end of reporting period. For financial instruments which no active market, the fair value is measured by assessment techniques. Assessment techniques include the use of current market transaction, conducted properly (recent arm's length market transactions); use of current fair value of other instrument which substantially the same; discounted cash flow analysis, or other assessment method.

Perusahaan menyesuaikan harga di pasar yang lebih menguntungkan untuk mencerminkan adanya perbedaan risiko kredit pihak lawan antara instrumen yang diperdagangkan di pasar tersebut dengan instrumen yang dinilai untuk posisi aset keuangan.

The Company adjust to more profitable market price to reflect the differences of competitors credit risks between trading instruments and assessed instruments for the position of financial assets.

Dalam menentukan nilai wajar posisi liabilitas keuangan, risiko kredit Perusahaan terkait dengan instrumen harus diperhitungkan.

In determining fair value of financial liabilities, the Company take into account credit risk associated with the instruments.

Biaya Perolehan Diamortisasi dari Instrumen Keuangan

Amortized Cost of Financial Instruments

Biaya perolehan diamortisasi dihitung dengan menggunakan metode suku bunga efektif dikurangi dengan penyisihan atas penurunan nilai dan pembayaran pokok atau nilai yang tidak dapat ditagih. Perhitungan tersebut mempertimbangkan premium atau diskonto pada saat perolehan dan termasuk biaya transaksi dan biaya yang merupakan bagian yang tak terpisahkan dari suku bunga efektif.

Amortized cost is calculated using effective interest rate less allowance for impairment or unrecoverable. The calculation consider premium or discounted at the time of acquisition and include transaction cost and cost which is the integral part of effective interest rate.

Penurunan Nilai dari Aset Keuangan

Impairment of Financial Assets

Pada setiap akhir periode pelaporan Perusahaan dan entitas anak mengevaluasi apakah terdapat bukti yang obyektif bahwa aset keuangan atau kelompok aset keuangan mengalami penurunan nilai.

At the end of reporting periods the Company and subsidiaries assess whether there is objective evidence of impairment of financial assets or those classified as financial assets group.

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a. Aset Keuangan Dicatat Pada Biaya Perolehan Diamortisasi Untuk pinjaman yang diberikan dan piutang yang dicatat pada biaya perolehan diamortisasi, Perusahaan dan entitas anak pertama kali menentukan apakah terdapat bukti obyektif mengenai penurunan nilai secara individual atas aset keuangan yang signifikan secara individual, atau secara kolektif untuk aset keuangan yang jumlahnya tidak signifikan secara individual.

a Financial Assets Recognized at Amortized Cost . For loan and receivable recognized at amortized cost, the Company and subsidiary initially assesses whether there is objective evidence of impairment in financial assets which individually significant or collectively the financial assets are individually not significant.

Jika Perusahaan dan entitas anak menentukan tidak terdapat bukti obyektif mengenai penurunan nilai atas aset keuangan yang dinilai secara individual, terlepas aset keuangan tersebut signifikan atau tidak, maka mereka memasukkan aset tersebut ke dalam kelompok aset keuangan yang memiliki karakteristik risiko kredit yang sejenis dan menilai penurunan nilai kelompok tersebut secara kolektif. Aset yang penurunan nilainya dinilai secara individual, dan untuk itu kerugian penurunan nilai diakui atau tetap diakui, tidak termasuk dalam penilaian penurunan nilai secara kolektif.

If it is determined that there is no objective evidence of impairment in individually assessed financial assets, whether they are significant or not, then they include the assets into classification of financial assets with similar credit risk characteristics and collectively assesses them for impairment. Assets that are individually assessed for impairment and for which an impairment loss is recognized or continuously recognized, they are not included in the collectively assessed for impairment.

Jika terdapat bukti obyektif bahwa kerugian penurunan nilai terjadi, jumlah kerugian tersebut diukur sebagai selisih nilai tercatat aset dengan nilai kini estimasi arus kas masa datang (tidak termasuk ekspektasi kerugian kredit masa datang yang belum terjadi).

If there is objective evidence that impairment loss has occurred, the amount of such loss is measured as difference between carrying amount and estimated future cash flow (excluding expected future credit loss).

Nilai kini estimasi arus kas masa datang didiskonto menggunakan suku bunga efektif awal dari aset keuangan tersebut. Jika pinjaman yang diberikan dan piutang yang memiliki suku bunga variabel, tingkat diskonto untuk mengukur kerugian penurunan nilai adalah suku bunga efektif terkini.

The present value of estimated future cash flows discounted at the original effective interest rate of the asset. If a loan and receivable has a variable interest rate, the discount rate for measuring impairment loss is the current effective interest rate.

Nilai tercatat aset tersebut berkurang melalui penggunaan akun penyisihan dan jumlah kerugian diakui dalam laporan laba rugi konsolidasi. Pendapatan bunga tetap diakui berdasarkan nilai tercatat yang telah dikurangi, berdasarkan suku bunga efektif aset tersebut.

The carrying amounts of the assets are reduced with allowance and the loss is recognized in the consolidated income statement. Interest income is recognized based on carrying amount which is reduced, based on the effective interest rate.

Pinjaman yang diberikan dan piutang, bersama-sama dengan penyisihan terkait, akan dihapuskan pada saat tidak terdapat kemungkinan pemulihan di masa depan yang realistik dan semua jaminan telah terealisasi atau telah dialihkan kepada Perusahaan dan entitas anak.

Loans and receivable, together with related allowance, will be written off at the time there's no possibility for recovery and all collaterals have been realized or transferred to the Company and Subsidiaries.

40







Jika, pada periode berikutnya, jumlah kerugian penurunan nilai bertambah atau berkurang karena suatu peristiwa yang terjadi setelah penurunan nilai tersebut diakui, maka kerugian penurunan nilai yang sebelumnya diakui ditambah atau dikurangi dengan menyesuaikan akun penyisihan. Jika penghapusan kemudian dipulihkan, maka pemulihan tersebut diakui dalam laporan laba rugi. b. Aset Keuangan AFS Dalam hal investasi ekuitas yang diklasifikasikan sebagai aset AFS (Available For Sale), bukti objektif akan meliputi penurunan yang signifikan atau penurunan jangka panjang pada nilai wajar dari investasi di bawah biaya perolehannya.

When in subsequent periods, impairment loss increase or decrease due to a condition after the impairment is recognized, the impairment losses previously recognized is added or deducted by adjusting the allowance account. When the write off is recovered, the recovery is recognized in the income statement.

b AFS Financial Assets . For equity Investments which are classified as AFS asset, the objective evidence include significant impairment or long term impairment on the fair value of investments below the cost.

Jika terdapat bukti bahwa kerugian penurunan nilai telah terjadi, jumlah kerugian kumulatif yang diukur sebagai selisih antara biaya perolehan dengan nilai wajar kini, dikurangi kerugian penurunan nilai investasi yang sebelumnya telah diakui dalam laporan laba rugi direklas dari ekuitas ke laporan laba rugi. Kerugian penurunan nilai atas investasi ekuitas tidak boleh dipulihkan melalui laporan laba rugi; kenaikan nilai wajar setelah penurunan nilai diakui dalam ekuitas.

If there's an evidence that impairment losses have occurred, total cumulative losses measured as difference between cost and current fair value, less impairment losses of investment value previously recognized in income statement, are reclassified from equity to profit and loss statement. Impairment losses of equity investment should not be restored through profit and loss statement; increase in fair value after impairment is recognized in equity.

Dalam hal instrumen utang diklasifikasikan sebagai aset keuangan AFS, penurunan nilai dievaluasi berdasarkan kriteria yang sama pada aset keuangan yang dicatat pada biaya perolehan diamortisasi. Pendapatan bunga di masa datang didasarkan pada nilai tercatat yang telah dikurangi dan diakui berdasarkan suku bunga yang digunakan untuk mendiskontokan arus kas masa datang untuk tujuan pengukuran kerugian penurunan nilai. Akrual tersebut dicatat sebagai bagian dari akun "Pendapatan Bunga" dalam laporan laba rugi konsolidasi. Jika, pada periode berikutnya, nilai wajar instrumen utang meningkat dan peningkatan tersebut secara obyektif dihubungkan dengan peristiwa yang terjadi setelah pengakuan kerugian penurunan nilai pada laporan laba rugi, maka kerugian penurunan nilai tersebut harus dipulihkan melalui laporan laba rugi.

When payable instruments are classified as AFS financial assets, the impairment is assessed on the basis of similar criteria for financial assets recognized at amortized cost. Future interest income is based on reduced carrying amount and recognized based on interest rate used for discounting future cash flows for the purpose of measuring impairment losses. Those accrual recognized as part of "Interest Income" account in consolidated income statement. When, in subsequent periods, payable fair value increase and the increase objectively associated to event after impairment losses is recognized in income statement, the impairment losses are recovered through income statement.

41







Penghentian Pengakuan Aset dan liabilitas Keuangan.

Derecognition of Financial Asset and Liabilities.

Aset Keuangan Aset keuangan (atau mana yang lebih tepat, bagian dari aset keuangan atau bagian dari kelompok aset keuangan serupa) dihentikan pengakuannya pada saat: (1) hak untuk menerima arus kas yang berasal dari aset tersebut telah berakhir; atau (2) Perusahaan dan entitas anak telah mentransfer hak mereka untuk menerima arus kas yang berasal dari aset atau berliabilitas untuk membayar arus kas yang diterima secara penuh tanpa penundaan material kepada pihak ketiga dalam perjanjian "pass-through"; dan baik (a) Perusahaan dan entitas anak telah secara substansial mentransfer seluruh resiko dan manfaat dari aset, atau (b) Perusahaan dan entitas anak secara substansial tidak mentransfer atau tidak memiliki seluruh risiko dan manfaat suatu aset, namun telah mentransfer kendali atas aset tersebut.

Financial Asset Financial asset (or which is more appropriate, part of financial asset or part of similar financial asset group) derecognized at the time: (1) the right to receive cash flows arising from the asset has ended; or (2) the Company and Subsidiaries have transferred their rights to receive cash flows arising from asset or are liable to pay the cash flows fully received without material delay to third parties on "pass-through" agreement; and also (a) the Company and Subsidiaries substantially transferred the whole risks and benefit of an asset, or (b) the Company and Subsidiaries substantially do not transfer or do not have risk and benefits of an asset, but have transferred control over the asset.

Liabilitas Keuangan

Financial Liabilities

Liabilitas keuangan dihentikan pengakuannya pada saat liabilitas tersebut dihentikan atau dibatalkan atau kadaluarsa.

Financial liabilities derecognized at the time the liabilities ended, cancelled or expired.

Ketika suatu liabilitas keuangan yang ada digantikan oleh liabilitas keuangan lain dari pemberi pinjaman yang sama dengan persyaratan yang berbeda secara substansial, atau modifikasi secara substansial persyaratan dari suatu liabilitas yang saat ini ada, pertukaran atau modifikasi tersebut diperlakukan sebagai penghentian pengakuan liabilitas awal dan pengakuan liabilitas baru, dan selisih antara nilai tercatat masing-masing liabilitas diakui dalam laporan laba rugi.

At the time an existing financial liabilities are replaced by other financial liabilities from the same creditors with substantially different requirements, or substantially modified requirements of the existing liabilities, the replacement or the modification is treated as derecognition of the initial liabilities and recognition of new liabilities, and the differences between each of those liabilities carrying amount is recognized in the income statement.

Instrumen Keuangan Derivatif Perusahaan menandatangani kontrak swap valuta asing, swap suku bunga dan instrumen lainnya yang diperbolehkan, jika dianggap perlu, untuk tujuan mengelola resiko perubahan nilai tukar mata uang asing dan suku bunga yang berasal dari utang jangka panjang dan hutang obligasi Perusahaan dalam mata uang asing.

Derivatives Financial Instruments The Company may enter into foreign currency swap contracts, interest rate swap and other allowed instruments, when necessary, for the purpose of managing risks in rate of exchange of foreign currencies, and interest rates on long term loans and the Company bonds denominated in foreign currencies.

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x.


Instrumen keuangan derivatif tidak ditetapkan untuk suatu hubungan lindung nilai yang memenuhi syarat (qualifying hedge relationships) dan pada awalnya diakui pada nilai wajar pada tanggal kontrak derivatif ditandatangani dan kemudian diukur kembali pada nilai wajarnya. Derivatif dicatat sebagai aset keuangan saat memiliki nilai wajar positif dan sebagai liabilitas keuangan apabila memiliki nilai wajar negatif.

Derivatives financial instruments are not designated for qualifying hedge instrument and initially recognized at fair value on the date derivatives contract is signed and subsequently premeasured at fair value. Derivatives recognized as financial assets when it has positive fair value and as financial liabilities if they have negative fair value.

Keuntungan atau kerugian yang timbul dari perubahan nilai wajar derivatif selama periode berjalan yang tidak memenuhi persyaratan sebagai akuntansi lindung nilai diakui langsung pada laporan laba rugi.

Gain or loss arising from changes in derivatives fair value during the periods that do not meet the requirements as hedge accounting is directly recognized in the income statement.

Aset dan liabilitas derivatif disajikan masing-masing sebagai aset dan liabilitas lancar.

Derivative assets and liabilities are respectively presented as current assets and current liabilities.

Derivatif melekat disajikan bersama dengan kontrak utamanya pada laporan posisi keuangan konsolidasi yang mencerminkan penyajian yang tepat atas seluruh arus kas pada masa datang dari instrumen tersebut secara keseluruhan.

Embedded derivatives are presented along with the host contract in the consolidated statement of financial position that reflect proper presentation of all future cash flow of the instrument as a whole.

Perubahan bersih nilai wajar instrumen derivatif, pendapatan atau beban swap, pendapatan atau beban terminasi, dan penyelesaian dari instrumen derivatif dikreditkan (dibebankan) pada "laba (rugi) Perubahan Nilai Wajar Derivatif Bersih", yang disajikan sebagai bagian Penghasilan (Beban) Lain-lain dalam laporan laba rugi konsolidasi.

Net change of derivatives fair value, swap income or expense, termination income or expense, and settlement derivative instrument are credited (charged) into "net profit (loss) of change in derivatives fair value", which is presented as Other Income (Expenses) in the consolidated income statement.

Perusahaan tidak memiliki instrumen keuangan derivatif.

The Company does not have any derivative financial instrument.

Penggunaan Estimasi

x. Use of Estimate

Penyusunan laporan keuangan sesuai dengan standar akuntansi keuangan mengharuskan manajemen untuk membuat estimasi dan asumsi terhadap jumlah yang dilaporkan. Oleh karena tidak adanya kepastian dalam membuat estimasi, maka terdapat kemungkinan hasil aktual di masa yang akan datang berbeda dengan jumlah yang diestimasi tersebut.

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The preparation of the financial statements in conformity with financial accounting standard requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.



Catatan Atas Laporan Keuangan Konsolidasian Notes To The Consolidated Financial Statements 31 Maret 2016 dan 31 Desember 2015 31 March 2016 and 31 December 2015 Serta Untuk Periode 3 (Tiga) Bulan Yang Berakhir Pada Tanggal-Tanggal And For 3 (Three) Months Ended 31 Maret 2016 dan 2015 31 March 2016 and 31 December 2015 (Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) (Expressed in full IDR, unless otherwise stated) 3. KEBIJAKAN AKUNTANSI (lanjutan) x.


Penggunaan Estimasi

x. Use of Estimate

Perbedaan antara estimasi dan jumlah aktual diperhitungkan dalam perhitungan laba (rugi) tahun berjalan. y.

Biaya Emisi Saham

y. Stock Emission Cost

Biaya emisi saham disajikan sebagai pengurang dari tambahan modal disetor dan tidak diamortisasi. z.

The difference between the estimate and the actual amount is recognized in the current income statement.

Laba Per Saham Dasar

Stock emission cost presented as a reduction of additional paid in capital and unamortized. z. Earning Per Share

Laba per saham dasar dihitung dengan membagi laba bersih yang dapat diatribusikan kepada pemilik entitas induk dengan jumlah rata-rata tertimbang saham yang beredar pada tahun yang bersangkutan. aa. Transaksi Entitas Restrukturisasi Sepengendali Entitas sepengendali adalah pihak-pihak (perorangan, perusahaan atau bentuk entitas lainnya) yang, secara langsung atau tidak langsung (melalui satu atau lebih perantara), mengendalikan atau dikendalikan oleh atau berada di bawah pengendalian yang sama. Selisih antara harga pengalihan dengan nilai buku setiap transaksi restrukturisasi entitas sepengendali dibukukan pada akun “Selisih nilai transaksi restrukturisasi entitas sepengendali” sebagai bagian “Tambahan modal disetor” pada bagian ekuitas dalam laporan posisi keuangan konsolidasian.

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Earning Per Share is computed by dividing net income attributable to owner of the parent entity by weighted average number of shares subscribed and fully paid in the current period. aa. Restructuring Transactions of Entities Under Common Control Entities under common control are parties (individual, company, or other form of entities) which directly or indirectly (through one or more intermediaries) control or are controlled by or are under the same control. Any difference between the transfer price and book value of each restructuring transaction between entities under common control are recorded in the account “Difference in value of restructuring transactions among entities under common control,” presented as "Additional paid in a capital" component of equity.



Catatan Atas Laporan Keuangan Konsolidasian 31 Maret 2016 dan 31 Desember 2015 Serta Untuk Periode 3 (Tiga) Bulan Yang Berakhir Pada Tanggal-Tanggal 31 Maret 2016 dan 2015

(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 4. KAS DAN SETARA KAS

4. 31 Maret / March 2016

Kas Rupiah Bank Pihak Ketiga Rupiah PT Bank DBS Indonesia PT Bank Bukopin Tbk PT HSBC PT Bank DKI PT Bank CIMB Niaga Tbk PT Bank Central Asia Tbk PT Bank Permata Tbk PT Bank Danamon Tbk Indonesia Exim Bank (IEB) PT UOB PT BPD Kaltim PT Bank Of Tokyo PT BPD Jatim Tbk BPR Surya Artha Utama PT Bank ICBC PT BJB Banten Tbk PT Bank Mega Tbk PT Bank BII Tbk PT Bank OCBC NISP Tbk PT Commonwealth PT Bank Bumi Putera Tbk PT BPD Sumsel Babel USD PT Bank DBS Indonesia PT HSBC PT Bank Of Tokyo EURO PT HSBC JPY PT Bank Of Tokyo Sub Jumlah

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) CASH AND CASH EQUIVALENTS


3,543,548,531

3,879,574,004

54,132,656,647 23,320,910,204 13,643,853,080 11,069,259,051 10,742,577,233 8,304,780,485 2,177,392,507 822,498,877 790,801,443 688,439,187 508,493,456 452,919,222 265,506,724 118,117,462 102,420,000 102,291,103 63,572,174 52,276,379 40,964,254 14,594,458 11,000,829 8,676,601

5,001,733,261 12,882,622,267 212,238,209 17,446,856,839 76,331,438,350 12,308,811,473 2,980,472,953 748,342,855 2,875,472,656 768,670,693 6,181,378,675 22,172,222 13,231,255,807 117,528,387 29,248,822,782 164,495,781 52,504,261 40,697,702 14,521,882 11,093,926 508,502,525

5,643,651,762 1,991,370,129 3,545,754

7,480,167,830 2,069,237,860 5,105,530

1,206,679,863

40,651,923,784

5,831,944

5,669,511

136,285,080,828

231,361,738,021

45

Cash on Hand Rupiah Cash in Banks Third Parties Rupiah PT Bank DBS Indonesia PT Bank Bukopin Tbk PT HSBC PT Bank DKI PT Bank CIMB Niaga Tbk PT Bank Central Asia Tbk PT Bank Permata Tbk PT Bank Danamon Tbk Indonesia Exim Bank (IEB) PT UOB PT BPD Kaltim PT Bank Of Tokyo PT BPD Jatim Tbk BPR Surya Artha Utama PT Bank ICBC PT BJB Banten Tbk PT Bank Mega Tbk PT Bank BII Tbk PT Bank OCBC NISP Tbk PT Commonwealth PT Bank Bumi Putera Tbk PT BPD Sumsel Babel USD PT Bank DBS Indonesia PT HSBC PT Bank Of Tokyo UERO PT HSBC JPY PT Bank Of Tokyo Sub Total




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 4. KAS DAN SETARA KAS (lanjutan)


Pihak Berelasi Rupiah PT Bank Mandiri (Persero) Tbk PT Bank BTN (Persero) Tbk PT Bank Syariah Mandiri PT Bank BRI (Persero) Tbk PT Bank BNI (Persero) Tbk USD PT Bank Mandiri (Persero) Tbk PT Bank BNI (Persero) Tbk EURO PT Bank Mandiri (Persero) Tbk SGD PT Bank Mandiri (Persero) Tbk Sub Jumlah Jumlah Bank Deposito Berjangka Pihak Ketiga Rupiah PT Bank Permata Tbk PT Bank DBS Indonesia PT Bank CIMB Niaga Tbk PT Bank Bukopin Tbk PT Bank DKI PT BJB Banten Tbk USD PT Bank Permata Tbk Sub Jumlah

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) CASH AND CASH EQUIVALENTS (continued)


452,481,176,142 23,619,133,555 20,794,754,600 11,816,645,433 8,196,475,082

615,994,838,512 29,162,153,029 4,423,950,065 60,930,085,981 12,536,916,454

Related Parties Rupiah PT Bank Mandiri (Persero) Tbk PT Bank BTN (Persero) Tbk PT Bank Syariah Mandiri PT Bank BRI (Persero) Tbk PT Bank BNI (Persero) Tbk

91,887,494,504 2,238,725,640

175,492,858,123 179,598,760

48,116,349,039

141,660,510,231

USD PT Bank Mandiri (Persero) Tbk PT Bank BNI (Persero) Tbk UERO PT Bank Mandiri (Persero) Tbk

27,753,480,399

9,592,799,666

SGD PT Bank Mandiri (Persero) Tbk

686,904,234,394 823,189,315,222

1,049,973,710,821 1,281,335,448,842

Sub Total Total Cash in Banks

16,600,000,000 100,000,000 53,000,000,000 20,000,000,000 20,000,000,000

Time Deposits Third Parties Rupiah PT Bank Permata Tbk PT Bank DBS Indonesia PT Bank CIMB Niaga Tbk PT Bank Bukopin Tbk PT Bank DKI PT BJB Banten Tbk

21,854,050,158 16,600,000,000 100,000,000 -

22,670,609,884

USD PT Bank Permata Tbk

38,554,050,158

132,370,609,884

Sub Total

46






Pihak Berelasi Rupiah PT Bank Mandiri (Persero) Tbk PT Bank BTN (Persero) Tbk PT Bank BRI (Persero) Tbk PT Bank BNI (Persero) Tbk PT Bank Syariah Mandiri

Sub Jumlah Jumlah Deposito Berjangka Kas dan Setara Kas

-

-

449,758,828,335 488,312,878,493 1,315,045,742,246

1,607,808,828,335 1,740,179,438,219 3,025,394,461,065

Tingkat Bunga Deposito Berjangka per Tahun Rupiah Bagi hasil (Nisbah Syariah)

USD PT Bank Mandiri (Persero) Tbk Sub Total Total Time Deposits Cash and Cash Equivalents

The following is the breakdown of cash and cash equivalents in foreign currencies:


Jangka Waktu Deposito Berjangka Rupiah

Related Parties Rupiah PT Bank Mandiri (Persero) Tbk PT Bank BTN (Persero) Tbk PT Bank BRI (Persero) Tbk PT Bank BNI (Persero) Tbk PT Bank Syariah Mandiri

321,258,828,335 706,000,000,000 231,500,000,000 135,000,000,000 214,050,000,000

Rincian kas dan setara kas dalam mata uang asing :

USD JPY SGD EURO

CASH AND CASH EQUIVALENTS (continued) 31 Desember / December 2015

221,258,828,335 125,000,000,000 50,000,000,000 50,000,000,000 3,500,000,000

USD PT Bank Mandiri (Persero) Tbk

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated)


7,665,320 49,347 2,823,320 3,281,690

15,070,502 49,505 983,757 12,097,967

7-30 hari/days

USD JPY SGD EURO

7-30 hari/days

0,75% - 8,00% Nisbah 68-89%

Rupiah Time Deposits Period Annual Interest Rate of Rupiah Time Deposits

1,00% - 9,00% Nisbah 68-89%

(Lihat Catatan No.3a, 3d, 3e, 3f dan 46)

Profit Sharing (Syariah) (See Notes No. 3a, 3d, 3e, 3f and 46)

5. INVESTASI JANGKA PENDEK


SHORT TERM INVESTMENTS 31 Desember / December 2015

Deposito Berjangka

161,200,000,000

276,900,000,000

Time Deposits

Jumlah Investasi Jangka Pendek

161,200,000,000

276,900,000,000

Total Short Term Investment

47




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 5. INVESTASI JANGKA PENDEK (lanjutan)


Deposito Berjangka Pihak Ketiga PT Bank DKI PT Bank Bukopin Tbk PT Bank Mega PT BPD Jatim PT Bank CIMB Niaga Tbk Sub Jumlah Pihak Berelasi PT Bank BTN PT Bank Mandiri (Persero) Tbk PT Bank BRI (Persero) Tbk Sub Jumlah Jumlah Deposito Berjangka

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) SHORT TERM INVESTMENTS (continued)


30,000,000,000 7,500,000,000 4,000,000,000 41,500,000,000

35,000,000,000 7,500,000,000 10,000,000,000 52,500,000,000

Time Deposits Third Parties PT Bank DKI PT Bank Bukopin Tbk PT Bank Mega PT BPD Jatim PT Bank CIMB Niaga Tbk Sub Total

89,500,000,000 15,200,000,000 15,000,000,000

192,200,000,000 15,200,000,000 17,000,000,000

Related Parties PT Bank BTN PT Bank Mandiri (Persero) Tbk PT Bank BRI (Persero) Tbk

119,700,000,000 161,200,000,000

224,400,000,000 276,900,000,000

Sub Total Total Time Deposits

Deposito pada PT Bank DKI dijadikan sebagai agunan atas pinjaman yang diterima dari PT Bank DKI.

Time deposits PT Bank DKI were guaranteed for the loan obtained from PT Bank DKI.

Deposito pada PT Bank Bukopin Tbk dijadikan sebagai agunan atas pinjaman yang diterima dari PT Bank Bukopin Tbk.

Time deposits PT Bank Bukopin Tbk are pledge as collateral to loan from PT Bank Bukopin Tbk.

Deposito pada PT Bank Rakyat Indonesia (Persero) Tbk dijadikan sebagai agunan atas pinjaman yang diterima dari PT Bank Rakyat Indonesia (Persero) Tbk.

Time deposits PT Bank Rakyat Indonesia (Persero) Tbk are pledged as collateral to loan from PT Bank Rakyat Indonesia (Persero) Tbk.

Deposito pada PT BPD Jatim merupakan deposito di entitas anak yang dijadikan sebagai agunan atas pelaksanaan proyek RSUD dr. Soetomo.

Time deposits PT BPD Jatim owned by subsidiaries, are pledged as collateral to its project, RSUD dr. Soetomo.

Deposito pada PT Bank Mandiri (Persero) Tbk dijadikan sebagai agunan atas pinjaman yang diterima dari PT Bank Mandiri (Persero) Tbk.

Time Deposits in PT Bank Mandiri (Persero) Tbk are pledged as collateral to loan from PT Bank Mandiri (Persero), Tbk.

Deposito pada PT Bank BTN (Persero) Tbk merupakan deposito di entitas anak yang dijadikan sebagai agunan atas pelaksanaan proyek Paramount Skyline.

Time deposits PT Bank BTN (Persero) Tbk owned by subsidiaries, are pledged as collateral to its project, Paramount Skyline.

48





5.

Seluruh investasi jangka pendek berupa deposito berjangka adalah dalam mata uang rupiah, dengan jangka waktu, tingkat suku bunga dan bagi hasil sebagai berikut :

Jangka Waktu Deposito Berjangka Rupiah Tingkat Bunga Deposito Berjangka per Tahun Rupiah

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) SHORT TERM INVESTMENTS (continued) All short term investments are in Rupiah, with term and interest rate as follows:



1 - 2 Bulan / Month

1 - 2 Bulan / Month

Rupiah Time Deposits Period

4,25% - 9,25%

Annual Interest Rate of Rupiah Time Deposits

4,25% - 9,25%

(Lihat Catatan No.3l dan 46)

(See Notes No. 3l and 46)

6. PIUTANG USAHA

6.

Merupakan saldo piutang usaha per 31 Maret 2016 dan 2015 dengan perincian sebagai berikut: a. Berdasarkan Pelanggan:

Represent balance of trade receivables as of 31 March 2016 and 2015, consist of : a.

31 Maret / March 2016 Pihak Ketiga Piutang Usaha Jasa Konstruksi, Properti, Realti & Entitas Anak Piutang Usaha Ventura Bersama Dikurangi: Penurunan Nilai Wajar Piutang Sub Jumlah

TRADE RECEIVABLES

Based on Costumers: 31 Desember / December 2015

2,844,197,948,274

2,240,109,861,628

457,901,197,410

432,366,685,769

(165,411,965,157)

(161,984,468,256)

Trade receivables of Joint Venture Less : Impairment of Receivable

3,136,687,180,527

2,510,492,079,141

Sub Total

Pihak Berelasi Piutang Usaha Jasa Konstruksi, Properti, Realti & Entitas Anak Piutang Usaha Ventura Bersama Sub Jumlah Jumlah Piutang Usaha - Bersih

Third Parties Construction, Property & Real Estate Trade Receivables & Subsidiary

Related Parties 320,410,281,409

324,968,284,638

Construction, Property & Real Estate Trade Receivables & Subsidiary

89,431,888,977

91,909,860,161

Trade receivables of Joint Venture

409,842,170,386 3,546,529,350,913

416,878,144,799 2,927,370,223,940

Sub Total Total Trade Receivables - Net

49




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 6. PIUTANG USAHA (lanjutan)

6.

b. Berdasarkan Jenis Usaha:

TRADE RECEIVABLES (continued) b. Based on Type of Business:

31 Maret / March 2016 Piutang Usaha Jasa Konstruksi Piutang Usaha Jasa EPC Piutang Usaha Properti & Realti



1,298,308,942,482 213,832,907,800 1,615,240,364,392

1,151,238,791,748 236,079,988,591 1,136,407,179,877

17,512,648,024 19,713,366,985

15,870,355,669 25,481,830,381

Construction Trade Receivables Trade Receivables of EPC Property & Real Estate Trade Receivables Precast Trade Receivables Equipment Receivables

3,164,608,229,683

2,565,078,146,266

Sub Total

Dikurangi: Penurunan Nilai Wajar Piutang

(165,411,965,157)

(161,984,468,256)

Less : Impairment of Receivable

Piutang Usaha Ventura Bersama

547,333,086,387

524,276,545,930


Jumlah Piutang Usaha - Bersih

3,546,529,350,913

2,927,370,223,940

Total Trade Receivables - Net

Piutang Usaha Pracetak Piutang Usaha Peralatan Sub Jumlah

Seluruh penurunan nilai wajar piutang berasal dari piutang usaha jasa konstruksi.

The entire impairment of receivables are from construction business.

Jumlah piutang usaha berdasarkan jenis mata uang adalah sebagai berikut :

Total trade receivables based on type of currencies:



Rupiah Mata Uang Asing

3,660,545,385,398 51,395,930,672

3,081,179,336,357 8,175,355,839

Rupiah Foreign Currencies

Sub Jumlah Dikurangi : Penurunan Nilai Wajar Piutang

3,711,941,316,070

3,089,354,692,196

(165,411,965,157)

(161,984,468,256)

Sub Total Less : Impairment of Receivables


3,546,529,350,913

2,927,370,223,940


50





6.

Jumlah piutang usaha berdasarkan umur (tidak termasuk piutang usaha Ventura Bersama) adalah sebagai berikut:

TRADE RECEIVABLES (continued) Total trade receivables based on aging (exclusive of trade receivables from Joint Venture):

31 Maret / March 2016 > 1 bulan - 12 bulan - Belum Jatuh Tempo - Sudah Jatuh Tempo > 12 s/d 15 bulan - Sudah Jatuh Tempo > 15 s/d 18 bulan - Sudah Jatuh Tempo > 18 s/d 21 bulan - Sudah Jatuh Tempo > 21 s/d 24 bulan - Sudah Jatuh Tempo > 24 s/d 27 bulan - Sudah Jatuh Tempo > 27 s/d 30 bulan - Sudah Jatuh Tempo > 30 s/d 33 bulan - Sudah Jatuh Tempo > 33 s/d 36 bulan - Sudah Jatuh Tempo


31 Desember / December 2015 1 month - 12 months - not due due 12 months - 15 months due 15 months - 18 months due 18 months - 21 months due 21 months - 24 months due 24 months - 27 months due 27 months - 30 months due 30 months - 33 months due 33 months - 36 months due

2,805,621,455,731 208,298,957,730

2,156,418,210,274 202,418,537,671

133,999,524,392

119,072,534,039

7,687,058,556

44,768,000,578

2,643,030,769

24,564,194,747

6,358,202,505

17,836,668,957

-

-

-

-

-

-

-

-


3,164,608,229,683

2,565,078,146,266

(165,411,965,157)

(161,984,468,256)



2,999,196,264,526

2,403,093,678,010


Mutasi Penurunan Nilai Wajar Piutang Usaha adalah sebagai berikut: 31 Maret / March 2016

Movements in impairment of account receivable 31 Desember / December 2015

Saldo awal periode Penurunan Nilai Wajar tahun berjalan Penghapusan tahun berjalan Pemulihan tahun berjalan

161,984,468,256 3,863,080,227 (435,583,326)

129,579,252,512 40,442,530,511 (8,037,314,767)

Balance at beginning of period Impairment for current year Write Off for the current year Recovery for the current year

Saldo Akhir Periode

165,411,965,157

161,984,468,256

Balance at end of period

51





6.

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) TRADE RECEIVABLES (continued)

Manajemen berkeyakinan bahwa penurunan nilai wajar piutang cukup untuk menutup kemungkinan tidak tertagihnya piutang usaha di kemudian hari.

The management believes that allowance for impairment of receivable is adequate to cover possible loss from uncollectible receivables in the future.

Rincian Piutang Usaha berdasarkan pelanggan :

Breakdown of trade receivables based on consumers:

31 Maret / March 2016 Pihak Ketiga PT Tribuana Jaya Raya PT Petrokimia Gresik Dinas PU Kabupaten Bulungan PT Galuh Citarum PT Grage Trimitra Usaha PT Kalla Inti Karsa PT Menara Perkasa Margahayuland PT Kitita Alami Propetindo PT Kuala Jaya Realty PT Duta Anggada Realty Tbk PT Cahaya Baru Raya Realty PT Pancakarya Griyatama PT Graha Sarana Duta PT Satria Pusaka Permata Perkasa PT Radinka Quatro Land PT Sepoetih Daya Prima PT Sutera Agung Properti PT Asiana Lintas Ciptakemang PT Abadi Gowa Perkasa PT Citicon Propertindo PT Semen Padang PT Misi Mulia Petronusa Kementerian Infrastruktur Timor Leste PT Multi Karya Utama Abadi PT Samator Land PT Mandiri Cipta Gemilang PT Nusantara Prospekindo Sukses PT Vidi Mandiri PT Cahaya Sumber Raya PT Pahala Agung PT Freeport Indonesia Dipindahkan


47,015,630,090 42,082,125,885 41,280,952,613 39,100,658,738 38,563,718,150 38,500,481,744 36,900,840,007 35,720,168,697 35,707,884,485 31,968,625,919 31,368,324,201 27,797,780,908 26,854,132,858 21,892,192,768 20,312,213,400 20,026,895,419 19,955,658,954 19,630,880,013 19,559,823,785 18,552,512,000 16,472,276,840 16,407,272,727 16,398,120,726 16,189,964,824 15,946,802,240 15,479,163,711 15,395,375,765 14,810,033,281 14,370,038,001 14,193,946,272 14,053,658,444 782,508,153,465

17,136,486,249 18,868,369,520 28,336,394,897 40,369,440,283 26,808,096,868 44,212,149,031 35,720,168,697 26,015,491,778 6,634,878,073 26,229,148,349 43,080,117,304 18,397,253,658 10,136,178,120 21,163,973,673 20,026,895,419 14,767,814,851 19,630,880,013 19,559,823,785 11,523,980,000 8,554,340,103 16,407,272,727 21,839,912,920 8,475,031,782 13,004,099,440 15,581,002,939 17,214,336,876 14,810,033,281 15,420,038,001 11,765,740,800 14,746,614,465 606,435,963,902

52

Third Parties PT Tribuana Jaya Raya PT Petrokimia Gresik Dinas PU Kabupaten Bulungan PT Galuh Citarum PT Grage Trimitra Usaha PT Kalla Inti Karsa PT Menara Perkasa Margahayuland PT Kitita Alami Propetindo PT Kuala Jaya Realty PT Duta Anggada Realty Tbk PT Cahaya Baru Raya Realty PT Pancakarya Griyatama PT Graha Sarana Duta PT Satria Pusaka Permata Perkasa PT Radinka Quatro Land PT Sepoetih Daya Prima PT Sutera Agung Properti PT Asiana Lintas Ciptakemang PT Abadi Gowa Perkasa PT Citicon Propertindo PT Semen Padang PT Misi Mulia Petronusa Kementerian Infrastruktur Timor Leste PT Multi Karya Utama Abadi PT Samator Land PT Mandiri Cipta Gemilang PT Nusantara Prospekindo Sukses PT Vidi Mandiri PT Cahaya Sumber Raya PT Pahala Agung PT Freeport Indonesia Carried Forward






Pindahan PT Duta Senawijaya Mandiri PT Tosan Permai Lestari Kementrian PUPR, Dirjen Bina Marga, Satker PJN Metropolitan Jakarta PT Sinar Galesong Pratama-PT Ciputra Victory Mitra.JO PT GE Operation Indonesia PT Panghegar Putra Wijaya Dinas Kesehatan Provinsi Pekanbaru PT Energi Prima Nusantara PT Tritunggal Lestari Makmur Dinas PU Hyundai Engineering & Construction Co., Ltd PT Mahardika Agung Lestari PT Kebayoran Puspita PT Bumi Daya Makmur PT Trimitra Propertindo PT Pakuwon Permai PT Sarana Meditama Anugerah PT Megatama Putra PT Graha Multi Insani PT Warna Warni Investama PT Patra Berkah Itqoni PT Pakuwon Jati Tbk PT Naribatama Abete PT Korea World Trade Centre Kementrian PU dan Perumahan PT Greenland Garden Realty PT Graha Utama Development KSO Merdeka Media Group & Ronov Indonesia Ny. Yeni Wijaya PT Hotel Properti Internasional PT Cahaya Bandung Jaya PT Bimasakti Jaya Abadi PT Mutiara Mitra Sejahtera PT Trans Ritel Properti Dipindahkan



782,508,153,465 13,863,885,117 13,828,467,608 13,177,707,824

606,435,963,902 16,179,414,150 13,828,467,608 -

Brought Forward PT Duta Senawijaya Mandiri PT Tosan Permai Lestari Kementrian PUPR, Dirjen Bina Marga, Satker PJN Metropolitan Jakarta

12,457,181,381

-

12,321,984,995 11,626,351,306 11,547,992,500 10,632,562,133 10,562,929,197 10,033,854,547 9,801,762,098

11,626,351,306 10,562,929,197 3,516,203,774

9,776,419,327 9,574,731,408 9,413,260,282 8,779,300,019 8,667,486,488 8,602,968,024 7,934,215,106 7,439,730,527 6,947,076,383 6,651,360,171 6,634,345,188 6,527,327,126 6,113,529,418 5,950,050,756 5,894,158,401 5,826,919,885 5,236,708,964

2,057,071,745 16,112,421,009 9,413,260,282 6,619,617,940 7,323,552,647 7,439,730,527 6,651,360,171 2,425,032,177 6,564,586,441 6,113,529,418 6,501,282,851 3,677,470,940 5,236,708,964

4,853,289,501 4,761,012,307 4,567,654,998 4,372,294,040 4,117,545,308 4,097,433,898 1,065,101,649,696

1,588,234,251 4,537,228,024 16,478,032,318 3,489,944,989 5,157,166,597 8,970,147,309 788,505,708,537

PT Sinar Galesong Pratama-PT Ciputra Victory Mitra.JO PT GE Operation Indonesia PT Panghegar Putra Wijaya Dinas Kesehatan Provinsi Pekanbaru PT Energi Prima Nusantara PT Tritunggal Lestari Makmur Dinas PU Hyundai Engineering & Construction Co., Ltd PT Mahardika Agung Lestari PT Kebayoran Puspita PT Bumi Daya Makmur PT Trimitra Propertindo PT Pakuwon Permai PT Sarana Meditama Anugerah PT Megatama Putra PT Graha Multi Insani PT Warna Warni Investama PT Patra Berkah Itqoni PT Pakuwon Jati Tbk PT Naribatama Abete PT Korea World Trade Centre Kementrian PU dan Perumahan Rakyat PT Greenland Garden Realty PT Graha Utama Development KSO Merdeka Media Group & Ronov Indonesia Ny. Yeni Wijaya PT Hotel Properti Internasional PT Cahaya Bandung Jaya PT Bimasakti Jaya Abadi PT Mutiara Mitra Sejahtera PT Trans Ritel Properti Carried Forward

53






Pindahan PT Asiatic Universal Indonesia PT Prima Bintaro Royale PT Prioritas Land Indonesia PT Lintas Insana Wisesa PT Mitra Wijaya Wisesa PT Teras Nirwana Bali PT Duta Indah Iconic PT Tiran Makasar PT Paramount Propertindo PT Dialog Grage Cirebon PT Sejahtera Alam Energy PT Aruna Kirana Gala Megah Investment JO PT Graha Kencana Abadi PT Bumi Anugrah Sakti PT Grand Shayla Indonesia Universitas Syarifhidayatullah Jakarta PT Pandega Citraniaga PT Siloam Karya Sejahtera PT Artas Energi Petrogas PT Win Win Realty Centre PT Trans Marga Jateng PT Illia Persada PT Sari Indah Lestari PT Bukit Nusa Harapan PT Karya Graha Nusantara PT Danau Winata Indah PT Supreme Energy Muara Labuh PT Lapindo Brantas Inc PT Anugrah Duta Mandiri PT Sun Resort PT Bintan Cipta Cemerlang PT Marindo Surya PT Prasetya Agung Cipta Abadi PT Oceania Development PT Citra Raya Medika Dipindahkan



1,065,101,649,696 4,062,535,039 4,035,022,252 3,977,687,663 3,949,448,700 3,923,725,465 3,818,887,771 3,688,449,055 3,677,057,772 3,608,805,137 3,607,528,804 3,530,702,120 3,356,749,974 3,300,495,581 3,269,366,238 3,252,606,684 3,164,419,103 3,059,100,000 3,010,659,538 2,921,956,645 2,891,650,096 2,779,829,659 2,590,764,464 2,578,891,851 2,453,621,296 2,445,829,515 1,997,730,458 1,957,220,280 1,945,829,383 1,915,432,321 1,909,182,165 1,905,183,636 1,841,858,138 1,837,500,000 1,836,860,519 1,738,206,456 1,553,471,268 1,168,495,914,742

788,505,708,537 4,062,535,039 3,996,348,796 5,573,033,902 3,949,448,700 3,703,350,803 3,818,887,771 5,645,638,784 3,677,057,772 3,608,805,137 3,607,528,804 3,356,749,974 3,300,495,581 3,092,700,156 3,252,606,684 3,164,419,103 3,059,100,000 3,010,659,538 2,921,956,645 3,180,815,107 22,679,401,875 2,748,477,736 2,453,621,296 2,336,297,108 1,997,730,458 10,923,095,000 1,945,829,383 1,915,432,321 1,909,182,165 1,841,858,138 1,837,500,000 12,801,039,765 1,944,110,425 1,553,471,268 927,374,893,771 54

Brought Forward PT Asiatic Universal Indonesia PT Prima Bintaro Royale PT Prioritas Land Indonesia PT Lintas Insana Wisesa PT Mitra Wijaya Wisesa PT Teras Nirwana Bali PT Duta Indah Iconic PT Tiran Makasar PT Paramount Propertindo PT Dialog Grage Cirebon PT Sejahtera Alam Energy PT Aruna Kirana Gala Megah Investment JO PT Graha Kencana Abadi PT Bumi Anugrah Sakti PT Grand Shayla Indonesia Universitas Syarifhidayatullah Jakarta PT Pandega Citraniaga PT Siloam Karya Sejahtera PT Artas Energi Petrogas PT Win Win Realty Centre PT Trans Marga Jateng PT Illia Persada PT Sari Indah Lestari PT Bukit Nusa Harapan PT Karya Graha Nusantara PT Danau Winata Indah PT Supreme Energy Muara Labuh PT Lapindo Brantas Inc PT Anugrah Duta Mandiri PT Sun Resort PT Bintan Cipta Cemerlang PT Marindo Surya PT Prasetya Agung Cipta Abadi PT Oceania Development PT Citra Raya Medika Carried Forward








Pindahan PT Adaro Indonesia PT Adaro Persada Mandiri PT Catur Jaya PT Semen Bosowa Maros Dinas Bina Marga & Pengairan Pemkot Samarinda PT Asia Tritunggal Jaya PT Bintang Smelter Indonesia PT Graha Senggigi PT Adhiloka Shobat Sewita PT Sekar Atha Sentosa PT Putra Adi Prima PT Multi Kreasi Cipta Sarana PT Merpati Abadi Sejahtera KG-NRC CONSORSIUM Dinas PU Babel PT Duta Bhakti PT Sun Property Abadi PT Duta Wahana Kerawang PT Prasto Propertindo Piutang Properti dan Realti Piutang Pasar Piutang - GSN Piutang - Peralatan Piutang - Pracetak Lain-lain di bawah Rp 1 Milyar

1,168,495,914,742 1,279,864,734 1,259,450,000 1,245,660,911 1,155,980,465 -

927,374,893,771 1,279,864,734 1,259,450,000 1,655,980,465 9,350,953,388

1,579,842,620,675 30,788,244,989 4,609,498,728 19,713,366,985 17,512,648,024 18,294,698,021

6,685,930,029 5,739,963,771 5,258,696,093 5,052,770,580 4,031,671,110 3,717,551,926 1,829,423,873 1,385,821,074 1,321,623,779 1,213,818,564 1,208,273,747 1,073,703,536 1,036,750,000 1,021,146,942 1,168,202,965,616 30,818,088,913 4,382,735,791 25,481,830,381 15,870,355,669 13,855,597,876

Brought Forward PT Adaro Indonesia PT Adaro Persada Mandiri PT Catur Jaya PT Semen Bosowa Maros Dinas Bina Marga & Pengairan Pemkot Samarinda PT Asia Tritunggal Jaya PT Bintang Smelter Indonesia PT Graha Senggigi PT Adhiloka Shobat Sewita PT Sekar Atha Sentosa PT Putra Adi Prima PT Multi Kreasi Cipta Sarana PT Merpati Abadi Sejahtera KG-NRC CONSORSIUM Dinas PU Babel PT Duta Bhakti PT Sun Property Abadi PT Duta Wahana Kerawang PT Prasto Propertindo Receivable-Property and Realty Receivable-Market Receivable-GSN Receivable-Equipment Receivable-Precast Other of less than 1 Billions

Sub Jumlah

2,844,197,948,274

2,240,109,861,628

Sub Total

Piutang Usaha - GSN:

Trade receivable - GSN, consist of: 31 Maret / March 2016


Piutang Tenant Pasar Tradisional Piutang Sewa - Unit Mall Piutang Service Charge

2,398,541,420 1,970,888,155 240,069,153

2,407,716,550 1,693,018,841 282,000,400

Tenant receivables Traditional Market

Jumlah Piutang Usaha - GSN

4,609,498,728

4,382,735,791

Total Trade Receivable - GSN

55

Lease receivables - Units Mall Receivable - Service Charge






Piutang KSO KSO Paladian Park KSO Grand Soho KSO Stadion Utama Riau KSO Jl Kenyam-Mugi Papua KSO PLTA Peusangan KSO Karebe KSO Stadion Jember KSO RRDP Apas Simanggaris KSO Fakultas Teknik UNHAS KSO Mediterania KSO Jalan Bojonegoro - Padangan KSO Bandara Samarinda Baru KSO Stadion Cibinong KSO UNAIR KSO Jembatan Kembar Samarinda KSO Vaksin Bio Farma KSO Gedung Kementerian PU KSO Fakultas Teknik UNHAS Pkt 3 KSO DAM Karebe KSO Tol Antasari Depok KSO Bendung Randangan Pohuwato KSO Cisangkuy KSO LNG Tangguh KSO Jalan Soker KSO Soker Loan China KSO Fly Over Medan Jamin Ginting KSO Jalan Sanga Sanga KSO Jl Tambak Mulyo Mawar KSO BIJB Paket 2 Kertajati KSO Jl Tol Solo Kertosono Seksi 4 KSO Merapi SABO DAM Pkt.2 KSO RSUD Waled Cirebon KSO Bangkalan - Socah KSO Revitalisasi Pasar Medan KSO Islamic Center Inhill Dipindahkan



116,415,003,879 62,970,454,748 43,097,610,774 38,910,858,667 30,506,706,255 12,966,446,948 12,525,618,089 12,270,381,132 10,062,918,215 6,852,997,275 6,584,892,270 6,264,528,045 5,971,263,636 5,565,327,981 9,840,861,153 4,855,144,687 4,742,367,585 4,368,907,179 4,231,109,114 4,050,778,992 4,033,990,112

117,100,689,463 62,893,177,728 43,097,610,774 38,910,858,667 28,831,206,317 12,966,446,948 12,525,618,089 10,062,918,215 6,852,997,275 6,609,369,034 6,264,528,045 5,971,263,636 5,565,327,981 5,340,861,153 4,855,144,687 4,742,367,585 4,395,055,179 4,231,109,114 4,008,507,622 3,497,183,190

3,753,348,322 3,682,597,781 3,309,457,490 3,114,621,240 3,040,316,505 2,897,840,202 2,959,329,243 2,326,329,138 1,769,341,987 1,841,502,706 1,819,352,110 1,803,224,051 1,567,010,595 1,488,565,934 442,461,004,040

3,682,597,781 3,591,284,464 2,428,558,470 3,040,316,505 2,897,840,202 2,501,247,646 2,094,788,729 1,841,502,706 1,819,352,110 1,803,224,051 1,567,010,595 1,488,565,934 417,478,529,895

56

JO Receivable JO Paladian Park JO Grand Soho JO Stadion Utama Riau JO Jl Kenyam-Mugi Papua JO PLTA Peusangan JO Karebe JO Stadion Jember JO RRDP Apas Simanggaris JO Fakultas Teknik UNHAS JO Mediterania JO Jalan Bojonegoro Padangan JO Bandara Samarinda Baru JO Stadion Cibinong JO UNAIR JO Jembatan Kembar JO Vaksin Samarinda Bio Farma JO Gedung Kementerian PU JO Fakultas Teknik UNHAS Pkt JO DAM Karebe3 JO Tol Antasari Depok JO Bendung Randangan Pohuwato JO Cisangkuy JO LNG Tangguh JO Jalan Soker JO Soker Loan China JO Fly Over Medan Jamin JO Jalan SangaGinting Sanga JO Jl Tambak Mulyo Mawar JO BIJB Paket 2 Kertajati JO Jl Tol Solo Kertosono Seksi JO Merapi SABO DAM Pkt.24 JO RSUD Waled Cirebon JO Bangkalan - Socah JO Revitalisasi Pasar Medan JO Islamic Center Inhill Carried Forward








Pindahan KSO Bandara Kuala Namu KSO Jl KA Makasar Pare-Pare KSO Tol Balikpapan Samarinda KSO Stadion Banjar KSO Jalan Batang KSO RSUD Koja KSO Sungai Madiun Lain-lain di bawah Rp 1 Milyar

442,461,004,040 1,450,000,005 1,450,622,064 1,361,320,040 1,293,981,207 1,287,249,883 1,052,180,346 1,021,944,863 6,522,894,962

417,478,529,895 1,450,000,005 1,449,950,064 1,293,981,207 1,287,249,883 1,675,211,709 1,021,944,863 6,709,818,143

Brought Forward JO Bandara Kuala Namu JO Jl KA Makasar Pare-Pare JO Tol Balikpapan Samarinda JO Stadion Banjar JO Jalan Batang JO RSUD Koja JO Sungai Madiun Other of less than 1 Billions

Sub Jumlah

457,901,197,410

432,366,685,769-

Sub Total

3,302,099,145,684

2,672,476,547,397

Sub Total Third Parties

74,088,791,217 61,378,616,219 44,336,899,900 38,092,193,542 19,954,252,502 19,535,948,598 17,485,207,899 15,785,824,983 8,355,944,022 5,610,454,818 4,981,235,911 2,996,816,907 1,980,001,988 1,772,802,000 1,523,774,191 1,440,261,786 1,091,254,926 -

84,918,134,238 89,602,684,773 38,092,193,542 19,535,948,598 38,464,212,576 11,453,569,439 5,610,454,818 4,981,235,911 2,996,816,907 13,040,264,053 1,772,802,000 1,523,774,191 3,127,956,043 1,091,254,926 8,466,716,210 290,266,413

Related Parties PT Krakatau Daya Listrik PT Prima Multi Terminal PT PLN (Persero) PT KAI (Persero) PT Pelindo III (Persero) PT Muba Daya Pratama PT Angkasa Pura II (Persero) PT Pekanbaru Permai Propertindo PT Pelindo IV (Persero) Kementerian Keuangan RI PT Bank Mandiri (Persero) Tbk PT Dahana (Persero) PT Jasa Marga (Persero) Tbk PT Krakatau Bandar Samudera PT Taspen (Persero) PT Indonesia Power PT Pelindo II (Persero) PT Bukit Asam (Persero) Other of less than 1 Billions

320,410,281,409

324,968,284,638

Sub Total

Sub Jumlah Pihak Ketiga Pihak Berelasi PT Krakatau Daya Listrik PT Prima Multi Terminal PT PLN (Persero) PT KAI (Persero) PT Pelindo III (Persero) PT Muba Daya Pratama PT Angkasa Pura II (Persero) PT Pekanbaru Permai Propertindo PT Pelindo IV (Persero) Kementerian Keuangan RI PT Bank Mandiri (Persero) Tbk PT Dahana (Persero) PT Jasa Marga (Persero) Tbk PT Krakatau Bandar Samudera PT Taspen (Persero) PT Indonesia Power PT Pelindo II (Persero) PT Bukit Asam (Persero) Lain-lain di bawah Rp 1 Milyar Sub Jumlah

57








Piutang KSO

JO Receivable

KSO Irigasi Jabung KSO Jembatan Siak Thp.IV KSO Jatigede DAM KSO The Group Epicentrum KSO Kali Madiun Thp 2 KSO Pumping Station KSO Kali Lamong KSO Irigasi Sungai Ular KSO Bandara Sepinggan KSO DAS Solo Hulu KSO Irigasi Batanghari ICB KSO Louwi Goong Lain-lain di bawah Rp 1 Milyar

16,288,168,147 15,159,931,996 14,771,209,830 10,785,130,124 8,915,578,886 6,978,543,990 5,163,725,537 3,949,260,499 2,027,633,172 2,007,934,626 1,511,685,637 1,873,086,533

16,245,180,852 15,159,931,996 14,771,209,830 10,785,130,124 8,915,578,886 7,926,488,834 5,163,725,537 3,949,260,499 2,027,633,172 2,007,934,626 1,511,685,637 1,923,494,158 1,522,606,010

JO Irigasi Jabung JO Jembatan Siak Thp.IV JO Jatigede DAM JO The Group Epicentrum JO Kali Madiun Thp 2 JO Pumping Station JO Kali Lamong JO Irigasi Sungai Ular JO Bandara Sepinggan JO DAS Solo Hulu JO Irigasi Batanghari ICB JO Louwi Goong

Sub Jumlah

89,431,888,977

91,909,860,161

Sub Total

409,842,170,386

416,878,144,799

Sub Total Related Parties

Jumlah Piutang Usaha Dikurangi: Penurunan Nilai Wajar Piutang

3,711,941,316,070

3,089,354,692,196

(165,411,965,157)

(161,984,468,256)

Total Trade Receivables Less : Impairment of Receivable


3,546,529,350,913

2,927,370,223,940


Sub Jumlah Pihak Berelasi

Per 31 Maret 2016 dan 31 Desember 2015, piutang usaha masing - masing sebesar Rp3.674.468.904.126,- dan Rp2.949.912.595.423,- telah dijaminkan atas pinjaman Bank dan lembaga keuangan lainnya (lihat Catatan No.21 dan 22).

As of 31 March and 31 December 2015, trade receivables amounting to IDR3,674,468,904,126 and IDR2,949,912,595,423 respectively, were secured as collateral upon bank and other non bank financial institution loans (see Notes No.21 and 22).

Jumlah piutang usaha mencukupi untuk memenuhi persyaratan penjaminan piutang usaha atas fasilitas pinjaman yang diterima perusahaan.

The total amount of trade receivables satisfies provisions of loan facilities granted to the Company.

(Lihat Catatan No.3d, 3e, 3g, 21, 22, dan 46)

(See Notes No.3d, 3e, 3g,21,22, and 46)

58




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 7. PIUTANG RETENSI

7.

Merupakan piutang retensi per 31 Maret 2016 dan 31 Desember 2015 terdiri dari:

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) RETENTION RECEIVABLES Represent balance of retention receivables as of 31 March 2016 and 31 December 2015 consist of :



Pihak Ketiga Pihak-pihak Berelasi Sub Jumlah Dikurangi: Penurunan Nilai Wajar Piutang Penghapusan tahun berjalan Pemulihan tahun berjalan

858,313,810,030 449,735,882,622 1,308,049,692,652

793,666,293,970 436,360,760,611 1,230,027,054,581

(51,500,713,259) 1,646,495,873

(55,186,409,968) 5,636,335,447

Third Parties Related Parties Sub Total Less : Impairment of Receivable Write Off for the current year Recovery for the current year

Jumlah Piutang Retensi - Bersih

1,258,195,475,266

1,180,476,980,060

Total Retention Receivable - Net

Manajemen berkeyakinan bahwa seluruh piutang retensi akan dapat ditagih.

The management believes that all of the retention receivable are collectable.

Rincian Piutang Retensi berdasarkan pelanggan:

Breakdown of retention receivables based on consumers:

31 Maret / March 2016 Pihak Ketiga PT Pakuwon Jati Tbk Kementerian Infrastruktur Timor Leste Engineering & Construction Hyundai Co., Ltd Cipta Gemilang PT Mandiri PT Trans Marga Jateng PT Misi Mulia Petronusa PT Prasto Propertindo PT Bumi Daya Makmur PT Pancakarya Griyatama KG-NRC Consorsium PT Prasetya Agung Cipta Abadi PT Freeport Indonesia PT Grage Trimitra Usaha Dinas PU Kalimantan Timur PT Duta Anggada Realty Tbk PT Semen Padang PT Donggi Senoro LNG PT Marga Mandala Sakti Dipindahkan


38,801,149,387 31,162,359,735 28,092,568,304 27,548,521,032 26,467,809,117 23,471,878,407 19,904,853,946 17,361,731,346 17,104,079,828 17,029,809,781 16,088,065,772 15,236,706,500 14,296,773,720 13,383,349,309 12,014,860,340 11,773,469,726 11,311,006,416 11,142,375,000 352,191,367,666

42,515,297,154 26,747,580,735 26,203,635,888 27,282,574,573 19,999,649,822 20,756,097,835 19,807,360,743 17,361,731,346 17,104,079,828 30,246,047,573 15,959,505,114 13,495,483,550 12,978,399,135 12,493,327,490 8,300,904,896 5,213,759,684 11,311,006,416 11,142,375,000 338,918,816,782

59

Third Parties PT Pakuwon Jati Tbk Kementerian Infrastruktur Timor Leste Hyundai Engineering & Construction Co., Ltd PT Mandiri Cipta Gemilang PT Trans Marga Jateng PT Misi Mulia Petronusa PT Prasto Propertindo PT Bumi Daya Makmur PT Pancakarya Griyatama KG-NRC Consorsium PT Prasetya Agung Cipta Abadi PT Freeport Indonesia PT Grage Trimitra Usaha Dinas PU Kalimantan Timur PT Duta Anggada Realty Tbk PT Semen Padang PT Donggi Senoro LNG PT Marga Mandala Sakti Carried Forward




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 7. PIUTANG RETENSI (lanjutan)


Pindahan PT Samator Land PT Menara Perkasa Margahayuland PT Cahaya Bandung Jaya PT Sutera Agung Properti JGC Corporation PT Graha Masindo Pratama PT Galuh Citarum PT Aruna Kirana PT Sekar Atha Sentosa PT Win Win Realty Centre PT Paramount Propertindo PT Waska Sentana PT Graha Sarana Duta Dinas Bina Marga dan Tata Ruang PT Semen Bosowa Maros PT Muara Wisesa Samudra PT Pakuwon Permai PT Tanrise Indonesia PT Nusantara Prospekindo Sukses PT Kalla Inti Karsa PT Kapuk Naga Indah Dinas Kesehatan Provinsi SUMSEL Perguruan Tinggi Kristen Petra Surabaya Dinas PU Kabupaten Nunukan PT Anugrah Duta Mandiri KSO Merdeka Media Group & Ronov Indonesia PT Mutiara Mitra Sejahtera DPU Kabupaten Serang PT Duta Indah Iconic PT Catur Jaya PT Mitra Wijaya Wisesa PT Baradinamika Mudasukses PT Sari Indah Lestari PT Hotel Properti Internasional PT Servo Lintas Raya Dipindahkan

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) RETENTION RECEIVABLES (continued)


352,191,367,666 10,855,219,838 9,775,577,182 9,545,600,164 9,464,529,795 9,367,467,160 9,262,500,000 9,029,449,454 8,968,517,841 8,840,326,990 8,741,318,408 7,879,896,730 7,879,447,962 7,833,324,986 7,237,142,408 7,137,631,489 6,946,074,582 6,876,205,859 6,830,867,354 6,687,342,399 6,656,031,806 6,594,278,643 6,565,898,089 6,540,302,274

338,918,816,782 10,107,763,088 9,775,577,182 8,692,544,710 7,932,094,590 9,367,467,160 7,912,900,000 9,029,449,454 8,968,517,841 8,550,954,251 8,580,686,883 7,879,896,730 7,879,447,962 7,007,346,986 6,266,596,317 7,137,631,489 6,946,074,582 5,598,366,260 6,830,867,354 5,912,503,900 6,548,934,866 6,565,898,089 5,349,197,728

Brought Forward PT Samator Land PT Menara Perkasa Margahayuland PT Cahaya Bandung Jaya PT Sutera Agung Properti JGC Corporation PT Graha Masindo Pratama PT Galuh Citarum PT Aruna Kirana PT Sekar Atha Sentosa PT Win Win Realty Centre PT Paramount Propertindo PT Waska Sentana PT Graha Sarana Duta Dinas Bina Marga dan Tata Ruang PT Semen Bosowa Maros PT Muara Wisesa Samudra PT Pakuwon Permai PT Tanrise Indonesia PT Nusantara Prospekindo Sukses PT Kalla Inti Karsa PT Kapuk Naga Indah Dinas Kesehatan Provinsi SUMSEL Perguruan Tinggi Kristen Petra - Surabaya

6,359,019,786 6,187,445,029 6,122,387,131

6,187,445,029 6,122,387,131

6,093,479,249 6,004,493,368 5,984,265,163 5,932,035,701 5,889,566,126 5,859,290,353 5,772,783,931 5,712,833,076 5,696,902,189 609,320,820,181

6,093,479,249 6,004,493,368 5,843,203,699 5,661,950,041 5,889,566,126 5,859,290,353 5,772,783,931 5,255,344,013 566,449,477,144

Dinas PU Kabupaten Nunukan PT Anugrah Duta Mandiri KSO Merdeka Media Group & Ronov Indonesia PT Mutiara Mitra Sejahtera DPU Kabupaten Serang PT Duta Indah Iconic PT Catur Jaya PT Mitra Wijaya Wisesa PT Baradinamika Mudasukses PT Sari Indah Lestari PT Hotel Properti Internasional PT Servo Lintas Raya Carried Forward

60






Pindahan JO Ciputra Karya Panca Sakti Nugraha PT Sinar Galesong Pratama-PT Ciputra Victory Mitra.JO PT Metropolitan Land Tbk PT Satria Pusaka Permata Perkasa PT Adhiloka Shobat Sewita PT Bimasakti Jaya Abadi PT Citicon Propertindo PT Trans Ritel Properti PT Kuala Jaya Realty PT Asia Tritunggal Jaya PT Graha Satu Tiga Tujuh PT Grand Shayla Indonesia PT Graha Senggigi PT Perkasa Internusa Mandiri Perguruan Tinggi Kristen Maranatha PT Pahala Agung PT Multi Karya Utama Abadi PT Kebayoran Puspita PT Cassia Resort Investment PT Sepoetih Daya Prima PT Asiana Lintas Ciptakemang PT Fajar Phinisi Seaside PT Erina Citra Gemilang Dinas PU Kutai Timur PT Cirebon Hotel And Convention PT Megatama Putra PT Bumi Anugrah Sakti PT Petrokimia Gresik PT Naribatama Abete PT Centurion Perkasa Iman PT Kunci Utama Sukses Yayasan RS Islam "Harapan Anda" Kementrian PUPR, Dirjen Bina Marga, Satker PJN Metropolitan Dinas PU PT Mahardika Agung Lestari Dipindahkan



609,320,820,181 5,655,113,463 5,652,637,710

566,449,477,144 5,655,113,463 -

5,623,181,817 5,603,665,414 5,578,636,933 5,551,912,786 5,449,270,000 5,199,817,217 5,079,255,448 5,005,775,136 4,916,209,204 4,871,826,732 4,841,930,973 4,677,626,128 4,265,909,093 4,113,952,128 4,113,513,711 4,081,825,455 3,906,691,489 3,845,473,583 3,834,886,858 3,725,142,815 3,542,872,092 3,492,758,454 3,482,237,809 3,439,437,113 3,403,849,823 3,389,843,340 3,242,490,696 3,112,821,639 3,094,160,616 3,066,691,667 2,946,640,891

5,623,181,817 4,070,000,778 5,491,530,408 5,376,605,822 3,935,665,000 4,242,397,443 4,124,765,518 4,828,455,735 4,752,632,354 4,871,826,732 3,633,335,572 3,428,207,372 4,265,909,093 2,875,783,104 3,288,080,000 1,590,221,525 3,845,473,583 3,834,886,858 3,725,142,815 3,375,572,968 3,492,758,454 3,482,237,809 2,598,012,910 3,403,849,823 2,781,424,834 2,521,727,532 3,094,160,616 3,066,691,667 2,197,907,492

2,899,284,920 2,719,585,880 756,747,749,214

1,377,756,307 1,260,017,999 682,560,810,547 61

Brought Forward JO Ciputra Karya Panca Sakti Nugraha PT Sinar Galesong Pratama-PT Ciputra Victory Mitra.JO PT Metropolitan Land Tbk PT Satria Pusaka Permata Perkasa PT Adhiloka Shobat Sewita PT Bimasakti Jaya Abadi PT Citicon Propertindo PT Trans Ritel Properti PT Kuala Jaya Realty PT Asia Tritunggal Jaya PT Graha Satu Tiga Tujuh PT Grand Shayla Indonesia PT Graha Senggigi PT Perkasa Internusa Mandiri Perguruan Tinggi Kristen Maranatha PT Pahala Agung PT Multi Karya Utama Abadi PT Kebayoran Puspita PT Cassia Resort Investment PT Sepoetih Daya Prima PT Asiana Lintas Ciptakemang PT Fajar Phinisi Seaside PT Erina Citra Gemilang Dinas PU Kutai Timur PT Cirebon Hotel And Convention PT Megatama Putra PT Bumi Anugrah Sakti PT Petrokimia Gresik PT Naribatama Abete PT Centurion Perkasa Iman PT Kunci Utama Sukses Yayasan RS Islam "Harapan Anda" Kementrian PUPR, Dirjen Bina Marga, Satker PJN Metropolitan Jakarta Dinas PU PT Mahardika Agung Lestari Carried Forward






Pindahan PT Phinisi Perintis Makassar PT Greenland Garden Realty PT Tribuana Jaya Raya PT Graha Kencana Abadi PT Citra Raya Medika PT Pandega Citraniaga PT Tosan Permai Lestari PT Almaron Perkasa PT Marindo Surya PT Tritunggal Lestari Makmur PT Sarana Meditama Anugerah PT Aneka Sumber Daya Energi PT Graha Utama Development PT Cahaya Sumber Raya TNI / Asisten Logistik Kasad Yeni Wijaya PT Graha Sahari Wangi Dinas Pendidikan Provinsi Kepri PT Akur Pratama PT Sinar Celebes Jaya PT Asfi Ilhami Rayhan Yayasan Universitas Pelita Bangsa PT Artas Energi Petrogas PT Graha Multi Insani Dinas PU SNVT Bengawan solo Dinas Kesehatan Provinsi Pekanbaru PT Tiran Makassar PT Trimitra Propertindo PT Cahaya Baru Raya Realty PT Bukit Nusa Harapan PT Putra Adi Prima PT Triniti Dinamik PT Panghegar Putra Wijaya PT Radinka Quatro Land PT Graha Pena Jawa Pos Surabaya Dipindahkan



756,747,749,214 2,710,617,996 2,666,234,500 2,643,458,205 2,556,616,646 2,519,800,176 2,444,702,257 2,430,401,153 2,366,386,646 2,338,636,364 2,325,514,546 2,288,911,355 2,258,222,449 2,241,678,400 2,196,750,000 2,180,722,722 2,179,151,246 2,135,000,000 2,096,478,144 2,055,755,311 2,007,510,853 2,003,049,770 2,000,000,000 1,976,398,580 1,929,575,838 1,874,487,564 1,802,123,991 1,800,775,625 1,757,194,212 1,677,450,491 1,658,257,725 1,615,919,432 1,566,077,017 1,543,219,475 1,529,451,000 1,510,000,000 829,634,278,902

682,560,810,547 2,710,617,996 1,783,318,637 2,370,362,249 2,519,800,176 2,444,702,257 3,014,740,055 2,347,175,275 2,338,636,364 2,325,514,546 1,034,393,850 2,258,222,449 1,423,674,200 2,196,750,000 2,180,722,722 1,928,583,064 2,135,000,000 2,096,478,144 2,055,755,311 2,007,510,853 2,003,049,769 2,000,000,000 1,976,398,580 1,856,932,723 1,800,775,625 1,402,628,253 1,559,601,838 1,615,919,432 1,543,219,475 1,269,072,000 1,510,000,000 742,270,366,390

62

Brought Forward PT Phinisi Perintis Makassar PT Greenland Garden Realty PT Tribuana Jaya Raya PT Graha Kencana Abadi PT Citra Raya Medika PT Pandega Citraniaga PT Tosan Permai Lestari PT Almaron Perkasa PT Marindo Surya PT Tritunggal Lestari Makmur PT Sarana Meditama Anugerah PT Aneka Sumber Daya Energi PT Graha Utama Development PT Cahaya Sumber Raya TNI / Asisten Logistik Kasad Yeni Wijaya PT Graha Sahari Wangi Dinas Pendidikan Provinsi Kepri PT Akur Pratama PT Sinar Celebes Jaya PT Asfi Ilhami Rayhan Yayasan Universitas Pelita Bangsa PT Artas Energi Petrogas PT Graha Multi Insani Dinas PU SNVT Bengawan solo Dinas Kesehatan Provinsi Pekanbaru PT Tiran Makassar PT Trimitra Propertindo PT Cahaya Baru Raya Realty PT Bukit Nusa Harapan PT Putra Adi Prima PT Triniti Dinamik PT Panghegar Putra Wijaya PT Radinka Quatro Land PT Graha Pena Jawa Pos Surabaya Carried Forward








Pindahan PT Illia Persada PT Graha Yasa Selaras PT Danau Winata Indah PT Prakarsa Semesta Alam PT Duta Senawijaya Mandiri PT Duta Wahana Kerawang PT Puri Persada Lampung Yayasan RS Al Irsyad Yayasan Sanggar Prahtiwi PT Servo Lintas Raya Dinas PU Kab. Nunukan PT Sinar Galesong P-PT Ciputra Victory Mitra.JO PT Bintang Smelter Indonesia PT Duta Bhakti PT Bandung Pakar PT Taman Impian Jaya Ancol Piutang - Peralatan Lain-lain di bawah Rp 1 Milyar

829,634,278,902 1,446,623,281 1,410,750,845 1,379,895,904 1,276,425,819 1,274,380,020 1,266,693,302 1,149,954,545 1,061,018,045 1,059,330,536 -

742,270,366,390 1,201,096,954 1,410,750,845 1,379,895,904 1,276,425,819 1,012,394,703 1,194,193,302 3,749,954,545 1,061,018,045 1,059,330,536 5,655,340,618 5,606,991,301 4,356,674,264

4,885,092,929 12,469,365,902

2,316,898,305 1,415,324,934 1,295,670,967 1,094,047,500 3,884,423,508 12,425,495,530

Brought Forward PT Illia Persada PT Graha Yasa Selaras PT Danau Winata Indah PT Prakarsa Semesta Alam PT Duta Senawijaya Mandiri PT Duta Wahana Kerawang PT Puri Persada Lampung Yayasan RS Al Irsyad Yayasan Sanggar Prahtiwi PT Servo Lintas Raya Dinas PU Kab. Nunukan PT Sinar Galesong P-PT Ciputra Victory Mitra.JO PT Bintang Smelter Indonesia PT Duta Bhakti PT Bandung Pakar PT Taman Impian Jaya Ancol Receivable-Equipment Other Otherofofless lessthan than11Billions Billions

Sub Jumlah Pihak Ketiga

858,313,810,030

793,666,293,970


293,935,344,115 31,445,036,649 25,336,603,618 25,601,601,409 12,542,937,156 8,215,884,369 4,491,914,473 7,420,204,545 5,525,637,144 4,392,144,317 3,629,068,759 3,357,000,000 2,797,136,364 1,301,530,398 1,500,000,000 431,492,043,316

Related Parties PT Pelindo II (Persero) PT PLN (Persero) PT Pembangkitan Jawa Bali PT Angkasa Pura II (Persero) PT Jasa Marga (Persero) Tbk Gala Megah Investment JO PT Prima Multi Terminal PT Hotel Indonesia Natour (Persero) PT Pelindo III (Persero) PT Bio Farma (Persero) PT Pekanbaru Permai Propertindo PT Muba Daya Pratama PT Bank BNI (Persero) Tbk PT Pelindo IV (Persero) PT Bank Mandiri (Persero) Tbk Carried Forward

Pihak Berelasi PT Pelindo II (Persero) PT PLN (Persero) PT Pembangkitan Jawa Bali PT Angkasa Pura II (Persero) PT Jasa Marga (Persero) Tbk Gala Megah Investment JO PT Prima Multi Terminal PT Hotel Indonesia Natour (Persero) PT Pelindo III (Persero) PT Bio Farma (Persero) PT Pekanbaru Permai Propertindo PT Muba Daya Pratama PT Bank BNI (Persero) Tbk PT Pelindo IV (Persero) PT Bank Mandiri (Persero) Tbk Dipindahkan

298,345,382,931 32,671,714,361 25,336,603,618 25,184,515,543 16,085,517,925 8,215,884,369 8,102,421,309 7,420,204,545 6,959,211,098 5,227,265,222 4,517,434,657 3,357,000,000 2,797,136,364 2,188,532,279 1,500,000,000 447,908,824,221 63








Pindahan PT Angkasa Pura I (Persero) PT Angkasa Pura Hotel PT Angkasa Pura I (Persero) Lain-lain di bawah Rp 1 Milyar

447,908,824,221 1,038,000,000 789,058,401

431,492,043,316 2,272,863,875 1,779,278,075 816,575,345

Brought Forward PT Angkasa Pura I (Persero) PT Angkasa Pura Hotel PT Angkasa Pura I (Persero) Other of less than 1 Billions


449,735,882,622

436,360,760,611


Jumlah Piutang Retensi Dikurangi: Penurunan Nilai Wajar Piutang

1,308,049,692,652

1,230,027,054,581

(49,854,217,386)

(49,550,074,521)

Total Retention Receivable Less : Impairment of Receivable


1,258,195,475,266

1,180,476,980,060


(Lihat Catatan No. 3g, 3h dan 45)

(See Notes No. 3g, 3h and 45)

8. TAGIHAN BRUTO KEPADA PEMBERI KERJA

8.

Merupakan tagihan bruto kepada pemberi kerja per 31 Maret 2016 dan 31 Desember 2015 terdiri dari :

UNBILLED RECEIVABLES Represent balance of unbilled receivables as 31 March 2016 and 31 December 2015 consist of :




2,751,658,364,715 1,981,254,474,888 4,732,912,839,603

3,200,275,263,309 1,684,253,548,059 4,884,528,811,368

(138,605,340,573) -

(174,991,064,500) 11,783,585,537

Jumlah Tagihan Bruto Kepada Pemberi Kerja - Bersih

4,594,307,499,030

4,721,321,332,405

64

Third Parties Related Parties Sub Total Less : Impairment of Receivable Write Off for the current year Recovery for the current year Total Unbilled Receivables Net




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 8. TAGIHAN BRUTO KEPADA PEMBERI KERJA (lanjutan)

8.

Uraian sebagai berikut :

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) UNBILLED RECEIVABLES (continued) Descriptions are as follows :



Pendapatan konstruksi yang telah diakui

45,633,653,099,407

43,636,566,302,980

(Beban kontrak kumulatif + Laba yang diakui kumulatif) Dikurangi : Penagihan Termin

(40,900,740,259,804)

(38,752,037,491,612)

Recognized sales (Accumulated contract expenses + recognized accumulated profit) Less : Installment Claim

45,633,653,099,407

4,884,528,811,368

Total Unbilled Receivables

Jumlah Tagihan Bruto Kepada Pemberi Kerja

Rincian Tagihan Bruto Kepada Pemberi Kerja:

Breakdown of unbilled receivables :



Pihak Ketiga PT Semen Padang 156,431,400,646 PT Servo Lintas Raya 147,082,936,857 SNVT PJSA BWS Sulawesi I 141,341,226,238 PT Donggi Senoro LNG 110,960,174,771 PT Petrokimia Gresik 108,673,373,128 PT GE Operation Indonesia 101,939,476,307 PT Tribuana Jaya Raya 96,559,611,215 Kementerian Infrastruktur Timor Leste 93,647,621,085 PT Asiatic Universal Indonesia 86,573,935,363 PT Perkasa Internusa Mandiri 71,885,463,474 JGC Corporation 62,249,620,215 PT Energi Prima Nusantara 57,167,122,589 PT Pakuwon Jati Tbk 51,860,608,228 PT Freeport Indonesia 47,761,448,264 PT Cassia Resort Investment 41,056,860,268 PT Pahala Agung 38,218,034,923 PT Trans Marga Jateng 35,094,732,629 PT Pakuwon Permai 32,773,525,402 Dinas PU Kabupaten Nunukan 31,045,548,815 PT Transmart Propertindo 30,235,393,000 29,987,683,468 Kementrian PU dan Perumahan Rakyat PT Cahaya Bandung Jaya 29,052,707,045 JO Ciputra Karya Panca Sakti Nugraha 28,953,184,145 1,630,551,688,075 Dipindahkan 65

249,940,135,448 137,457,959,472 154,506,996,030 110,960,174,771 151,509,286,200 121,720,307,073 110,464,055,685 86,573,935,363 80,838,038,677 62,249,620,215 70,386,120,444 63,705,706,292 69,624,483,704 54,516,906,936 38,130,415,790 35,875,643,998 35,351,154,990 40,080,602,529 29,500,000,000 30,025,154,350

Third Parties PT Semen Padang PT Servo Lintas Raya SNVT PJSA BWS Sulawesi I PT Donggi Senoro LNG PT Petrokimia Gresik PT GE Operation Indonesia PT Tribuana Jaya Raya Kementerian Infrastruktur Timor Leste PT Asiatic Universal Indonesia PT Perkasa Internusa Mandiri JGC Corporation PT Energi Prima Nusantara PT Pakuwon Jati Tbk PT Freeport Indonesia PT Cassia Resort Investment PT Pahala Agung PT Trans Marga Jateng PT Pakuwon Permai Dinas PU Kabupaten Nunukan PT Transmart Propertindo Kementrian PU dan Perumahan Rakyat

20,625,409,892 28,953,184,145 1,782,995,292,004

PT Cahaya Bandung Jaya JO Ciputra Karya Panca Sakti Nugraha Carried Forward





8.


Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) UNBILLED RECEIVABLES (continued)


1,630,551,688,075 Pindahan PT Prasetya Agung Cipta Abadi 28,621,062,582 PT Pancakarya Griyatama 28,597,833,868 PT Greenland Garden Realty 26,529,407,378 Dinas PU DKI Jakarta 26,335,041,775 PT Duta Anggada Realty Tbk 25,927,460,109 25,078,267,903 Dep.Perhubungan, Dirjen Perhubungan, Unit Penyelenggara 24,642,403,563 PT Sinar Galesong P-PT Ciputra Victory Mitra.JO Hyundai Engineering & Construction Co., Ltd 24,426,917,314 Dinas PU SNVT Bengawan solo 23,848,488,589 Dinas PU Kalimantan Timur 23,397,215,103 PT Kalla Inti Karsa 22,486,956,807 PT Win Win Realty Centre 22,468,039,504 KSO Merdeka Media Group & Ronov Indonesia22,380,994,796 PT Sejahtera Alam Energy 21,158,082,470 PT Bimasakti Jaya Abadi 20,628,043,408 19,201,154,855 Kementrian PU dan Perumahan Rakyat, Sumatera Utara PT Graha Senggigi 18,292,929,923 PT Metropolitan Land Tbk 18,034,035,414 18,015,004,526 Pemerintah Provinsi Kalimantan Selatan PT Bumi Megah Graha Asri 17,607,240,548 PT Graha Sarana Duta 17,205,538,143 PT Cirebon Hotel & Convention 17,101,330,865 PT Waska Sentana 16,274,630,422 Universitas Padjajaran 16,025,111,558 PT Sutera Agung Properti 15,311,526,300 PT Kunci Utama Sukses 14,491,734,872 PT Mandiri Cipta Gemilang 14,165,111,186 Dinas PU 14,092,707,281 13,641,533,349 Satker Pelaksanaan Jalan Nasional Prov. Kepri 13,564,990,961 Pusat Radioisotop & Radiofarmaka Batan PT Trimitra Propertindo 13,055,812,350 PT Samator Land 11,932,171,539 2,265,090,467,336 Dipindahkan

1,782,995,292,004 25,519,473,826 28,597,833,868 27,372,872,086 53,681,603,382 42,391,252,708 33,224,026,383 43,307,564,963 23,385,139,354 35,153,522,470 124,827,800,774 25,680,670,008 22,380,994,796 19,319,019,118 24,134,182,676 5,910,786,169 32,490,583,793 18,034,035,414 18,015,004,526 4,196,971,603 31,756,396,143 17,101,330,865 16,274,630,422 18,898,183,405 27,168,019,396 14,491,734,872 16,767,778,551 26,097,158,979 10,000,000,000

66

Brought Forward PT Prasetya Agung Cipta Abadi PT Pancakarya Griyatama PT Greenland Garden Realty Dinas PU DKI Jakarta PT Duta Anggada Realty Tbk Dep.Perhubungan, Dirjen Perhubungan, Unit Penyelenggara Bandar Udara Raden PT Sinar Galesong P-PT Ciputra Victory Mitra.JO Hyundai Engineering & Construction Co., Ltd Dinas PU SNVT Bengawan solo Dinas PU Kalimantan Timur PT Kalla Inti Karsa PT Win Win Realty Centre KSO Merdeka Media Group & Ronov Indonesia PT Sejahtera Alam Energy PT Bimasakti Jaya Abadi Kementrian PU dan Perumahan Rakyat, Sumatera Utara PT Graha Senggigi PT Metropolitan Land Tbk Pemerintah Provinsi Kalimantan Selatan

13,564,990,961

PT Bumi Megah Graha Asri PT Graha Sarana Duta PT Cirebon Hotel & Convention PT Waska Sentana Universitas Padjajaran PT Sutera Agung Properti PT Kunci Utama Sukses PT Mandiri Cipta Gemilang Dinas PU Satker Pelaksanaan Jalan Nasional Prov. Kepri Pusat Radioisotop & Radiofarmaka - Batan

19,117,634,186 16,492,486,539 2,618,348,974,240

PT Trimitra Propertindo PT Samator Land Carried Forward





8.

31 Maret / March 2016 Pindahan Perguruan Tinggi Kristen Petra Surabaya PT Prima Bintaro Royale Kementerian PU & PR Cipta Karya KRIMSUS PT Paramount Propertindo PT Sekar Atha Sentosa PT Prioritas Land Indonesia Dinas PU Provinsi Riau PT Citicon Propertindo PT Mutiara Mitra Sejahtera PT Bintan Cipta Cemerlang PT Raflesia Nusantara PT Citra Raya Medika PT Graha Satu Tiga Tujuh PT Aneka Sumber Daya Energi PT Triniti Dinamik PT Kebayoran Puspita TOA Corporation PT Taman Impian Jaya Ancol PT Illia Persada PT Merpati Abadi Sejahtera PT Nirwana PT Kuala Jaya Realty PT Tritunggal Lestari Makmur PT Catur Jaya PT Trans Ritel Properti PT Centurion Perkasa Iman Kementrian PUPR, Dirjen Bina Marga, Satker PJN Metropolitan PT Cahaya Baru Raya Realty Balai Besar Wilayah Sungai Pemali Juana PT Isa Development Basuki Rahmanta PT Warna Warni Investama PT Griya Cipta Optimal Dipindahkan



2,265,090,467,336 11,901,479,768

2,618,348,974,240 16,188,966,961

Brought Forward Perguruan Tinggi Kristen Petra - Surabaya

11,758,653,168 11,564,234,474

7,424,376,446 15,002,100,000

11,548,761,143 11,444,493,581 11,323,106,649 10,658,825,144 10,248,279,182 9,616,794,668 9,447,615,955 9,336,907,685 9,314,147,875 9,169,316,891 8,501,197,378 8,474,056,964 8,387,330,386 8,328,924,445 8,043,959,548 7,880,568,113 7,838,864,273 7,739,303,201 7,708,345,155 7,314,736,049 6,973,479,494 6,582,602,546 6,576,112,337 6,501,063,585

11,548,761,143 15,447,209,522 6,584,448,121 10,658,825,144 14,294,345,950 9,616,794,668 8,661,191,602 9,336,907,685 9,314,147,875 10,795,760,288 8,501,197,378 5,417,571,167 18,102,856,092 8,328,924,445 8,043,959,548 6,691,545,833 4,934,191,678 4,361,279,124 11,626,174,949 7,314,736,049 11,589,333,964 18,581,047,378 1,939,606,590

6,491,930,161 6,396,309,480

11,988,374,922 3,920,448,963

PT Prima Bintaro Royale Kementerian PU & PR Cipta Karya KRIMSUS PT Paramount Propertindo PT Sekar Atha Sentosa PT Prioritas Land Indonesia Dinas PU Provinsi Riau PT Citicon Propertindo PT Mutiara Mitra Sejahtera PT Bintan Cipta Cemerlang PT Raflesia Nusantara PT Citra Raya Medika PT Graha Satu Tiga Tujuh PT Aneka Sumber Daya Energi PT Triniti Dinamik PT Kebayoran Puspita TOA Corporation PT Taman Impian Jaya Ancol PT Illia Persada PT Merpati Abadi Sejahtera PT Nirwana PT Kuala Jaya Realty PT Tritunggal Lestari Makmur PT Catur Jaya PT Trans Ritel Properti PT Centurion Perkasa Iman Kementrian PUPR, Dirjen Bina Marga, Satker PJN Metropolitan Jakarta PT Cahaya Baru Raya Realty Balai Besar Wilayah Sungai Pemali Juana

6,393,091,168 6,382,800,000 6,316,722,539 6,214,368,871 2,547,468,849,212

6,393,091,168 13,531,807,699 6,214,368,871 2,920,703,325,463

PT Isa Development Basuki Rahmanta PT Warna Warni Investama PT Griya Cipta Optimal Carried Forward

67





8.

31 Maret / March 2016 Pindahan PT Duta Indah Iconic PT Graha Utama Development Dinas PU Kutai Timur PT Nusantara Prospekindo Sukses Ny. Yenni Wijaya PT Teras Nirwana Bali PT Sun Property Abadi PT Misi Mulia Petronusa DPU Kabupaten Serang PT Duta Senawijaya Mandiri PT Galuh Citarum PT Grand Shayla Indonesia PT Putra Bangun Persada PT Putra Adi Prima Dinas Bina Marga & Pengairan Pemkot Samarinda PT Megatama Putra Yayasan Pertambangan & Energi PT Mahardika Agung Lestari PT Adhiloka Shobat Sewita PT Duta Wahana Karawang PT Deesbe PT Siloam Karya Sejahtera Sekjend DPR RI Dinas Bina Marga dan Tata Ruang Kementrian PU SNVT PJSA Sumatera II PT Multi Kreasi Cipta Sarana PT Naribatama Abete PT Sarana Meditama Anugerah PT United Tractors Tbk - Kaltim PT Muara Wisesa Samudra PT Danau Winata Indah PT Heamas Mandiri Sejahtera PT Satria Pusaka Permata Perkasa PT Puri Pariwara PT Baradinamika Mudasukses Dipindahkan



2,547,468,849,212 6,190,047,738 6,139,153,964 6,053,922,012 5,737,994,706 5,565,505,151 5,313,101,575 5,216,458,172 5,123,213,873 5,003,745,212 4,725,134,841 4,566,107,932 4,387,256,626 4,245,706,906 4,050,158,977 4,007,551,454

2,920,703,325,463 7,732,137,379 19,267,484,264 5,885,822,995 7,033,833,777 12,623,170,788 5,313,101,575 5,216,458,172 3,944,637,507 5,758,113,154 3,315,930,947 4,387,256,626 4,987,033,134 4,434,666,362 4,007,551,454

3,979,501,591 3,758,542,151 3,756,253,042 3,654,463,794 3,636,133,951 3,588,307,582 3,398,569,372 3,218,402,181 3,194,209,943 3,123,000,303

6,952,986,834 3,758,542,151 14,509,866,302 5,186,560,583 4,651,133,951 3,398,569,372 1,501,740,167

Brought Forward PT Duta Indah Iconic PT Graha Utama Development Dinas PU Kutai Timur PT Nusantara Prospekindo Sukses Ny. Yenni Wijaya PT Teras Nirwana Bali PT Sun Property Abadi PT Misi Mulia Petronusa DPU Kabupaten Serang PT Duta Senawijaya Mandiri PT Galuh Citarum PT Grand Shayla Indonesia PT Putra Bangun Persada PT Putra Adi Prima Dinas Bina Marga & Pengairan Pemkot Samarinda PT Megatama Putra Yayasan Pertambangan & Energi PT Mahardika Agung Lestari PT Adhiloka Shobat Sewita PT Duta Wahana Karawang PT Deesbe PT Siloam Karya Sejahtera Sekjend DPR RI Dinas Bina Marga dan Tata Ruang Kementrian PU SNVT PJSA Sumatera II

3,119,159,635 3,097,918,181 2,911,673,877 2,901,143,285 2,865,856,001 2,864,029,863 2,664,720,000 2,591,048,335 2,515,319,523 2,469,252,504 2,687,101,413,465

3,119,159,635 6,712,377,556 2,901,143,285 2,865,856,001 2,864,029,863 3,800,733,216 2,469,252,504 3,079,302,475,017

PT Multi Kreasi Cipta Sarana PT Naribatama Abete PT Sarana Meditama Anugerah PT United Tractors Tbk - Kaltim PT Muara Wisesa Samudra PT Danau Winata Indah PT Heamas Mandiri Sejahtera PT Satria Pusaka Permata Perkasa PT Puri Pariwara PT Baradinamika Mudasukses Carried Forward

68





8.




Pindahan PT Bukit Nusa Harapan PT Emer Citra Agung PT Kapuk Naga Indah PT Erina Citra Gemilang PT Graha Pena Jawa Pos Surabaya PT Multi Karya Utama Abadi PT Bumi Daya Makmur PT Dialog Garage Cirebon PT Radinka Quatro Land PT Graha Multi Insani Kementerian PU-Dirjen SDA PT Kurnadi Abadi PT Asia Tritunggal Jaya PT Prasto Propertindo PT Artas Energi Petrogas BPPT PT Abadi Gowa Perkasa PT Marindo Surya PT Vidi Mandiri PT Tanrise Indonesia PT Tiara Abadi Nirmala RSUD Ulin Banjarmasin PT Tiran Makassar Dinas Kesehatan Provinsi Pekanbaru Dinas PU Kabupaten Bulungan PT Hotel Properti Internasional PT Graha Kencana Abadi PT Graha Masindo Pratama PT Satu Stop Sukses PT Mentari Subur Abadi Piutang - Peralatan Lain-lain di bawah Rp 1 Milyar

2,687,101,413,465 2,297,317,812 2,264,098,182 2,221,878,054 2,191,467,270 2,179,508,181 2,162,993,896 2,045,790,294 2,031,129,466 1,921,313,302 1,874,926,200 1,863,920,007 1,760,439,167 1,686,431,673 1,676,663,120 1,534,118,451 1,511,888,400 1,306,793,179 1,300,609,513 1,275,415,273 1,256,130,010 1,226,698,699 1,176,096,804 1,072,546,752 12,611,198,245 12,107,579,300

3,079,302,475,017 3,408,222,652 3,128,753,601 5,537,449,751 2,179,508,181 4,132,645,039 2,045,790,294 2,031,129,466 2,220,589,194 3,177,788,500 1,863,920,007 1,213,819,044 3,626,527,189 1,534,118,451 1,511,888,400 1,306,793,179 1,300,609,513 1,275,415,273 1,256,130,010 1,176,096,804 1,072,546,752 16,895,074,054 9,871,617,357 8,249,006,119 3,976,543,725 3,796,017,509 2,424,818,059 1,598,659,984 16,260,227,368 12,901,082,817

Brought Forward PT Bukit Nusa Harapan PT Emer Citra Agung PT Kapuk Naga Indah PT Erina Citra Gemilang PT Graha Pena Jawa Pos Surabaya PT Multi Karya Utama Abadi PT Bumi Daya Makmur PT Dialog Garage Cirebon PT Radinka Quatro Land PT Graha Multi Insani Kementerian PU-Dirjen SDA PT Kurnadi Abadi PT Asia Tritunggal Jaya PT Prasto Propertindo PT Artas Energi Petrogas BPPT PT Abadi Gowa Perkasa PT Marindo Surya PT Vidi Mandiri PT Tanrise Indonesia PT Tiara Abadi Nirmala RSUD Ulin Banjarmasin PT Tiran Makassar Dinas Kesehatan Provinsi Pekanbaru Dinas PU Kabupaten Bulungan PT Hotel Properti Internasional PT Graha Kencana Abadi PT Graha Masindo Pratama PT Satu Stop Sukses PT Mentari Subur Abadi Receivable-Equipment Other of less than 1 Billions


2,751,658,364,715

3,200,275,263,309


304,753,883,142 65,828,000,000 370,581,883,142

Related Parties PT Pelindo II (Persero) PT Hutama Karya (persero) Carried Forward

Pihak Berelasi PT Pelindo II (Persero) PT Hutama Karya (persero) Dipindahkan

395,304,147,324 318,330,384,000 713,634,531,324 69





8.




713,634,531,324 265,980,392,816 250,318,068,064 235,877,274,811 168,121,387,522 125,574,860,421 51,821,602,104 44,321,032,607 28,089,681,820 24,925,265,863 24,611,485,467 11,508,286,039 10,337,159,689 8,504,990,000 8,452,214,678 6,479,500,000 1,981,664,914 715,076,749

370,581,883,142 237,621,705,201 275,751,836,308 280,063,985,357 159,581,185,759 136,281,040,694 43,848,248,173 44,321,032,607 47,954,269,569 30,088,247,772 16,818,454,092 11,508,286,039 6,479,500,000 17,808,297,783 3,952,898,000 1,592,677,563 -

Brought Forward PT Angkasa Pura II (Persero) PT Prima Multi Terminal PT PLN (Persero) PT Jasa Marga (Persero) Tbk PT Pelindo IV (Persero) PT Angkasa Pura I (Persero) PT KAI (Persero) PT Pelindo III (Persero) PT Pekanbaru Permai Propertindo PT Bio Farma (Persero) PT Hotel Indonesia Natour (Persero) Kementerian Kesehatan RI PT Pertamina EP Cepu PT Indopola Meka Energy Perum Peruri PT Indonesia Power PT Krakatau Daya Listrik PT Inpola Meka Energy PT Angkasa Pura Hotel Other of less than 1 Billions


1,981,254,474,888

1,684,253,548,059


Jumlah Dikurangi: Penurunan Nilai Wajar Piutang Jumlah Tagihan Bruto Kepada Pemberi Kerja - Bersih

4,732,912,839,603

4,884,528,811,368

(138,605,340,573) 4,594,307,499,030

(163,207,478,963) 4,721,321,332,405

Total Less : Impairment of Receivable Total Unbilled Receivables Net

Pindahan PT Angkasa Pura II (Persero) PT Prima Multi Terminal PT PLN (Persero) PT Jasa Marga (Persero) Tbk PT Pelindo IV (Persero) PT Angkasa Pura I (Persero) PT KAI (Persero) PT Pelindo III (Persero) PT Pekanbaru Permai Propertindo PT Bio Farma (Persero) PT Hotel Indonesia Natour (Persero) Kementerian Kesehatan RI PT Pertamina EP Cepu PT Indopola Meka Energy Perum Peruri PT Indonesia Power PT Krakatau Daya Listrik PT Inpola Meka Energy PT Angkasa Pura Hotel Lain-lain di bawah Rp 1 Milyar

(Lihat Catatan No. 3e, 3g, 3i dan 45)

(See Notes No. 3e, 3g, 3i and 45)

70




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 9. PIUTANG LAIN-LAIN


Jangka Pendek Pihak Ketiga Piutang Bunga Sub Jumlah Pihak Ketiga

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) OTHER RECEIVABLES


69,076,860

247,315,921

Short Term Third Parties Interest Receivable

69,076,860

247,315,921


Pihak Berelasi Yayasan Dana Pensiun Pegawai PT PP (YDP4) PT PP Taisei Piutang Bunga Koperasi Karyawan

35,826,000 5,811,470 369,012,331 1,130,627,684

35,826,000 5,811,470 2,513,768,495 1,084,595,904

Related Parties Yayasan Dana Pensiun Pegawai PT PP (YDP4) PT PP Taisei Interest Receivable Koperasi Karyawan


1,541,277,485

3,640,001,869


1,610,354,345

3,887,317,790

Total Short Term

Jumlah Jangka Pendek Jangka Panjang Pihak Berelasi PT Citra Waspphutowa

787,024,728

787,024,728

Long Term Related Parties PT Citra Waspphutowa

Jumlah Jangka Panjang

787,024,728

787,024,728

Total Short Term

Piutang YDP4 (Yayasan Dana Pensiun Pegawai PT PP) adalah biaya-biaya untuk pegawai perusahaan yang ditempatkan di YDP4, telah dibayar perusahaan dan menjadi beban YDP4.

Receivables from YDP4 (Yayasan Dana Pensiun PT PP) originated from expenses of the Company's employees attached to YDP4, prepaid by the Company.

Piutang PP Taisei adalah tagihan atas iuran Jamsostek Karyawan PT PP (Persero), Tbk yang ditempatkan di PT PP Taisei.

Receivable from PT PP Taisei originated from prepaid contribution to Jamsostek for the Company's employees attached to PT PP Taisei.

Piutang Koperasi Karyawan adalah tagihan atas iuran Jamsostek Karyawan PT PP (Persero), Tbk yang ditempatkan di Koperasi Karyawan.

Receivable from Koperasi Karyawan originated from expenses of the Company's employees attached to Koperasi Karyawan, paid by the Company and reimbursable by Koperasi Karyawan.

Piutang PT Citra Waspphutowa adalah biaya-biaya dalam rangka pendirian joint-venture yang telah dibayar perusahaan dan menjadi beban PT Citra Waspphutowa. Piutang tersebut merupakan piutang kepada perusahaan asosiasi yang tidak dikenakan bunga dan jaminan serta tidak ditentukan jadwal pengembaliannya.

Receivables from PT Citra Wasuphutowa originated from costs for establishment of joint-venture paid by the Company and reimbursable by PT Citra Waspphutowa. The receivables are from assosiated company and, therefore, no interest is charged, no guarantee is required and no payment time schedule is determined.

(Lihat Catatan No. 3e, 45)

(See Note No. 3e, 45)

71




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 10. PERSEDIAAN


Persediaan Jasa Konstruksi Persediaan Bahan Untuk Konstruksi Persediaan Properti Persediaan Bahan Untuk Hotel

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) INVENTORIES


447,427,802,051

401,101,175,373

1,744,306,807

1,909,592,140 --

Inventory of Construction Inventory of Construction Materials Inventory of Property Inventory of Materials for Hotel

Persediaan Realty Bangunan Dalam Konstruksi Tanah Sedang Dikembangkan Bangunan dan Rumah Jadi Sub Jumlah Tanah Akan Dikembangkan

1,156,491,414,714 960,628,084,990 19,180,203,913 2,585,471,812,475 247,992,592,095

932,734,780,576 1,143,811,889,586 19,067,897,648 2,498,625,335,323 247,992,592,095

Inventory of Realty Building Under Construction Land in Development Ready House and Buildings Sub Total Land For Development

Jumlah Persediaan

2,833,464,404,570

2,746,617,927,418

Total Inventories

Persediaan bahan konstruksi merupakan persediaan material dan perlengkapan proyek yang tersedia di gudang proyek yang dimiliki oleh Perseroan.

Inventories of construction materials are projects materials stored at project warehouses owned by the Company.

Persediaan bahan untuk Hotel merupakan persediaan bahan untuk operasional Hotel.

Inventories of materials for hotel are materials needed in hotel operations.

Persediaan bangunan dalam konstruksi, tanah sedang dikembangkan, bangunan & rumah jadi serta kavling siap bangun merupakan persediaan Properti, yang terdiri dari:

Inventories of buildings in construction, developed land sites, ready constructions and houses are inventories of the Property which include:

Bangunan dalam konstruksi terdiri dari :

Building under construction consist of: 31 Maret / March 2016

Kapas Krampung Plaza Grand Kamala Lagoon Grand Sungkono Lagoon The Ayoma Apartement Dharma Husada Payon Amarta Bukit Permata Puri Ngalian Amartha View Grand Slipi Tower Apartemen Pavillion Permata II Gunung Putri Apartemen Pavillion Permata I Jumlah


644,774,409,570 219,037,555,860 130,989,053,890 96,088,011,876 18,753,079,831 18,273,955,185 11,549,911,810 6,802,070,998 5,655,944,710 3,789,061,687 778,359,297 -

642,510,472,958 72,400,402,100 6,482,336,164 95,052,213,595 55,568,748,572 30,311,925,641 11,489,713,119 4,245,163,571 6,655,944,710 3,046,713,529 3,081,579,758 1,889,566,859

Kapas Krampung Plaza Grand Kamala Lagoon Grand Sungkono Lagoon The Ayoma Apartement Dharma Husada Payon Amarta Bukit Permata Puri Ngalian Amartha View Grand Slipi Tower Apartemen Pavillion Permata II Gunung Putri Apartemen Pavillion Permata I

1,156,491,414,714

932,734,780,576

Total

72




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 10. PERSEDIAAN (lanjutan)

10.

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) INVENTORIES (continued)

Kapas Krampung Plaza Persediaan Kapas Krampung Plaza merupakan persediaan bangunan sedang dalam konstruksi yang terletak di atas tanah HGB No. 49 seluas 25.420 m2 atas nama PT Gitanusa Sarana Nusantara yang berlokasi di Kelurahan Tambakrejo Surabaya, sesuai dengan Akta Perjanjian Pengikatan Jual Beli No. 46 tanggal 24 Maret 2009, notaris Raharti Sudjardjati, SH.

Kapas Krampung Plaza Inventory of Kapas Krampung Plaza represents inventory of building under construction located at Land Right No. 49 of 25,420 m2 square meters on behalf PT Gitanusa Sarana Nusantara located in Kelurahan Tambakrejo - Surabaya, in accordance with the Sale Purchase Binding Agreement Deed No. 46 dated 24 March 2009, of the public notary Raharti Sudjardjati, SH.

Persediaan Kapas Krampung Plaza tersebut diperoleh dengan cara kompensasi piutang PT Gitanusa Sarana Niaga, dan tercatat dalam Persediaan Bangunan Sedang Dalam Konstruksi .

The inventory of Kapas Krampung Plaza originated from compensation of receivable from PT Gitanusa Sarana Niaga and presented in account of building under construction.

Grand Kamala Lagoon Persediaan Grand Kamala Lagoon terletak di atas tanah beberapa Sertifikat HGB dengan luas 153.048 m2 atas nama Perseroan yang terbit pada tahun 1983, 2003 akan berakhir 2025, 2036 dan 2042, dan seluas 99.086 m2 masih dalam proses pensertifikatan. Dan saat ini yang sedang dikembangkan untuk proyek Grand Kamala Lagoon, Bekasi adalah seluas 35.377 m2, sedangkan tanah yang akan dikembangkan seluas 216.757 m2.

Grand Kamala Lagoon Inventory at Grand Kamala Lagoon under various land right (HGB) of 153,048 m2 on behalf of company, issued in years 1983 and 2003 and expire in 2025, 2036 and 2042 and land another of land of 99,086 m2 is in process of certificate. That is being developed for the project Grand Kamala Lagoon, Bekasi is covering 35,377 m2, while the land will be developed in area of 216,757 m2.

The Ayoma Apartement Persediaan apartemen dalam konstruksi yang berlokasi di Serpong, Tangerang Selatan di atas tanah seluas 10.553 m2 yang terdiri atas 6 SHM No. 565, 860, 863, 865, 866 dan 1362 atas nama Nyonya Soelistyowati.

The Ayoma Apartement Inventory of apartements under construction located in Serpong, Tangerang on a land area of 10,553 m2 consisting of 6 SHM letters No. 565, 860, 863, 865, 866 and 1362 on behalf of Mrs.Soelistyowati.

Grand Slipi Tower Persediaan Grand Slipi Tower merupakan persediaan Condotel dan Apartemen yang diperoleh dari kompensasi dengan piutang usaha konstruksi atas nama PT Bangun Archatama dan PT Grand Soho (dua perusahaan dengan kepemilikan yang sama) sesuai dengan Perjanjian Pengikatan Jual Beli (PPJB) No. 31 s/d 54, notaris Misahardi Wilamarta, SH. tanggal 16 Maret 2009. Nilai persediaan Grand Slipi Tower sebesar Rp127.819.553.570 merupakan reklasifikasi dari persediaan bangunan dan rumah jadi yang dikembangkan dan ditingkatkan mutunya. Persediaan tersebut berupa ballroom apartemen seluas 1.693 m2 yang terletak di atas tanah seluas 5.982 m2, HGB No.1925 atas nama PT Grand Soho Slipi, terbit tanggal 26 Desember 2012 dan berakhir tanggal 25 Desember 2032.

Grand Slipi Tower Inventory of Grand Slipi Tower represents inventory of Condotel and Apartment originated from compensation with construction receivables from PT Bangun Archatama and PT Grand Soho (two companies with the same ownership) in accordance with sale and purchase binding Agreement No. 31 to 54, with the notary deed of public notary Misahardi Wilamarta, SH. dated 16 March 2009. The value of the Grand Slipi Tower inventory of IDR127,819,553,570 originated from reclassification of finished buildings and houses inventory the quality of which has been improved. Inventories in the from of ballroom measuring 1,693 m2 apartement located on the land area of 5,982 m2, HGB No. 1925 on behalf of PT Grand Soho Slipi, published on 26 December 2012 and will expire on 25 December 2032.

73





10.


Apartemen Pavillion Permata I Persediaan apartemen dalam konstruksi yang berlokasi di Jl. Dukuh Pakis II, Kelurahan Dukuh Pakis, Kecamatan Dukuh Pakis, Kotamadya Surabaya, Propinsi Jawa Timur di atas tanah seluas 1.865 m2 dengan HGB No. 1989 tanggal 7 Desember 2001 yang berakhir pada tanggal 4 April 2043 atas nama PT PP Properti.

Apartemen Pavillion Permata I Invetory of apartemens under contruction, located on Jl. Dukuh Pakis II, Dukuh Pakis Village, Dukuh Pakis District, Surabaya, East Java Province in the land area of 1,865 m2 with HGB No. 1989 dated 7 December 2001, and will expire on 4 April 2043 on behalf of PT Property.

Apartemen Pavillion Permata II Persediaan apartemen dalam konstruksi yang berlokasi di Jl. Dukuh Pakis No. 102, Kelurahan Dukuh Pakis, Kecamatan Dukuh Pakis, Kotamadya Surabaya, Propinsi Jawa Timur di atas tanah seluas 2.385 m2 dengan SHM No. 268 tanggal 24 Nopember 2008 atas nama Hariyanto.

Apartemen Pavillion Permata II Invetory of apartemens under contruction, located on Jl. Dukuh Pakis No. 102, Dukuh Pakis Village, Dukuh Pakis District, Surabaya, East Java Province on a land area of 2,385 m2 with HGB No. 268 dated 24 November 2008 on behalf of Hariyanto.

Grand Sungkono Lagoon Persediaan Grand Sungkono Lagoon terletak di atas tanah beberapa Sertifikat HGB dan SHM dengan total luas 45.790 m2 terdiri dari 9 surat HGB seluas 40.982 m2; surat SHM seluas 1.976; 13 surat SKGR seluas 2.832 m2.

Grand Sungkono Lagoon Inventory of Grand Sungkono Lagoon is located on the ground a few of HGB and SHM with a total area of 45,790 m2 consists of 9 HGB letters area of 40,982 m2; SHM letter covering 1,976 m2; 13 SKGR letters covering 2,832 m2.

Payon Amarta Persediaan Payon Amarta dalam konstruksi yang berlokasi di Semarang di atas sertifikat HGB No. 3813 dengan total luas 96.471 m2 yang masih dalam proses balik nama dan seluas 3.483 m2 atas nama perseroan yang terbit pada tanggal 21 Mei 2014 dan berakhir pada tanggal 6 Januari 2044.

Payon Amarta Inventory in construction of Payon Amarta located in Semarang consists of HGB No. 3813 with a total area of 96,471 m2 which is still in the process of land title transfer documents, and an area of 3,483 m2 on behalf of the company which was published on 21 May 2014 and will expire on 6 January 2044.

Bukit Permata Puri Ngalian Semarang Persediaan Bukit permata Puri Ngalian semarang adalah persediaan yang terletak di atas tanah beberapa Sertifikat HGB dengan total luas 391.539 m2 atas nama Perseroan yang terbit pada beberapa tahun 1993, 1994, 1996, 2003, 2005 dan 2007 dan berakhir pada tahun 2023, 2025, 2033, 2035 dan 2037. Gunung Putri

Bukit Permata Puri Ngalian Semarang Bukit Permata Puri Ngalian Semarang inventory is Land Right (HGB) of 391,539 m2, on behalf of the Company issued in various years: 1993, 1994, 1996, 2003, 2005 and 2007, and will expire in years 2023, 2025, 2033, 2035 and 2037.

Persediaan Gunung Putri adalah persediaan yang berlokasi di Bogor, Jawa Barat. Terletak di atas tanah dengan sertifikat HGB No 48 dengan luas 21.000 m2 atas nama Perseroan yang terbit pada tanggal 19 Januari 1995 dan berkahir tanggal 8 Januari 2025.

Gunung Putri inventory is inventory that is located in Bogor, West Java. HGB No. 48 with an area of 21,000 m2 on behalf of the company dated 19 January 1995 will expire dated 8 January 2025.

Gunung Putri

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10.

Tanah Sedang Dikembangkan terdiri dari :

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) INVENTORIES (continued) Land undr Development:



Dharma Husada Grand Sungkono Lagoon Grand Kamala Lagoon

583,656,750,000 366,347,507,177 10,623,827,813

583,656,750,000 549,531,311,773 10,623,827,813

Dharma DharmaHusada Husada Mayjen Grand Sungkono Sungkono - Surabaya Lagoon Grand Kamala Kalimalang Lagoon

Jumlah

960,628,084,990

1,143,811,889,586

Total

Tanah Akan Dikembangkan terdiri dari :

Land for Development: 31 Maret / March 2016


Grand Kamala Lagoon - Kalimalang Tanjung Barat Anai Resort

217,708,338,774 30,177,650,000 106,603,321

217,708,338,774 30,177,650,000 106,603,321

Grand Kamala Lagoon - Kalimalang

Jumlah

247,992,592,095

247,992,592,095

Total

Tanjung Barat Anai Resort

Dharma Husada Persediaan Dharma Husada merupakan tanah yang terletak di kelurahan Mulyorejo kota Surabaya. Dengan total luas kurang lebih 41.634 m2, yang terbagi atas 14 sertifikat HGB atas nama PT Aneka Bangunan Mulia Jaya, yaitu dengan Perjanjian Pengikatan Jual Beli Notariil No. 13,15, 17, 19, 21, 23, 25, 27, 29, 31, 31, 33, 35, 37 dan 39 dan SHM No. 16 yang masih dalam proses. Tanah tersebut akan dikembangkan sebagai kawasan bisnis.

Dharma Husada Husada Dharma inventory is located at Mulyorejo district, Surabaya of total area of approximately 41,634 m2, which is divided into 14 HGB on behalf of PT Aneka Mulia Jaya under Purchase and Sale Agreement Number 13, 15, 17, 19, 21, 23, 25, 27, 29, 31, 33, 35, 37 and 39, and land right (SHM) No. 16 which still under process. The will be developed as a business district.

Persediaan Dharma Husada tersebut mengalami perubahan luas dikarenakan pengukuran ulang oleh Badan Pertanahan Nasional (BPN) menjadi lebih luas dengan total 42.033 m2.

Husada Dharma inventory are total area change due to repeated measurement by National Legal Agency (BPN) became more widespread with a total area 42.033m2.

Grand Sungkono Lagoon Persediaan tanah terletak di atas tanah beberapa Sertifikat HGB dan SHM dengan total luas 45.790 m2 terdiri dari 9 surat HGB seluas 40.982 m2; surat SHM seluas 1.976; 13 surat SKGR seluas 2.832 m2. Yang dulunya merupakan piutang konstruksi proyek Kapas Krampung Plaza, Surabaya. Dan saat ini dikembangkan untuk proyek Grand Sungkono Lagoon.

Grand Sungkono Lagoon Inventory of land located on the ground a few HGB and SHM with a total area of 45,790 m2 consists of 9 HGB letters area of 40,982 m2; SHM letter covering 1,976 m2; 13 SKGR letters covering 2,832 m2. Which was once the construction project receivable of Kapas Krampung Plaza, Surabaya. And when it was developed for the project Grand Sungkono Lagoon.

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10.


Grand Kamala Lagoon Persediaan Kalimalang terletak di atas tanah beberapa Sertifikat HGB dengan luas 153.048 m2 atas nama perseroan yang terbit pada tahun 1983 dan 2003 serta berakhir pada tahun 2025, 2036 dan 2042 serta seluas 99.088 m2 masih dalam proses pesertifikatan. Dan saat ini yang sedang dikembangkan untuk proyek Grand Kamala Lagoon, Bekasi adalah seluas 35.377 m2 sedangkan tanah yang akan dikembangkan seluas 216.757 m2 Penambahan tanah yang akan dikembangkan di Grand Kamala Lagoon seluas 32.389 m2 sesuai dengan Perjanjian Jual Beli No. 17 dari Notaris Dian Fitriana SH, M.Kn. Pada tanggal 8 Juli 2015 sehingga total tanah yang akan dikembangkan menjadi 249.146 m2.

Grand Kamala Lagoon Inventory at Kalimalang under various land right (HGB) of 153,048 m2 on behalf on the company, issued in 1983 and 2003, and wil expire in 2025, 2036 and 2042 and another landsite of 99,085 m2 under in certification process. That is being developed for the project Grand Kamala Lagoon, Bekasi is covering 35,377 m2, while the land will be developed in area of 216,757 m2.

Tanjung Barat Persediaan tanah Tanjung Barat seluas 13.084 m2 terletak di Kelurahan Tanjung Barat, Kecamatan Jagakarsa, Jakarta Selatan. Tanah tersebut terdiri dari 5 HGB atas nama PT Menara Duta seluas 8.594 m2, dan 4 HGB atas nama PT Cipta Kreasi seluas 4.490 m2. Tanah akan dikembangkan tersebut direncanakan untuk pembangunan apartemen.

Tanjung Barat Tanjung Barat inventories of land measuring 13,084 m2 located in Tanjung Barat, Jagakarsa, South Jakarta. The land consists of 5 HGB of PT Menara Duta are of 8,594 m2, and 4 HGB of PT Cipta Kreasi area of 4,490 m2. The land will be developed for the planned construction of apartements.

Anai Resort Persediaan Anai Resort, Padang Pariaman, Sumatera Barat yang terletak di atas tanah bersertifikat HGB No.11 dengan luas 3.555 m2 atas nama Perseroan yang terbit pada tanggal 20 Maret 1999 akan berakhir pada tanggal 25 Januari 2017.

Anai Resort Inventory at Anai Resort, Padang Pariaman, West Sumatera under Land Right (HGB) No.11 dated 20 March 1999, of 3.555 m2 on behalf of the Company, will expire in 25 January 2017.

Bangunan dan Rumah Jadi terdiri dari:

Buildings and Ready Houses include:

The addition of land will be developed in Grand Kamala Lagoon in area of 32,389 m2 has been done Sale and Purchase Biding Agreement No. 17 under the notary deed of public notary Dian Fitriana SH, M.Kn dated 8 July 2015 bringing the total land will be developed into 249,146 m2.



Mall Serang Rumah di Bogor FX. Residence Kios Pasar Kenari Apartemen Patria Park Bukit Permata Puri Ngalian Semarang

10,821,021,575 4,801,242,121 1,575,000,000 905,066,112 847,026,435 230,847,670

10,821,021,575 4,801,242,121 1,575,000,000 905,066,112 734,720,170 230,847,670

Mall MallSerang Serang Rumah di Bogor FX. Residence Kios Pasar Kenari Apartemen Patria Park Bukit Permata Puri Ngalian Semarang

Jumlah

19,180,203,913

19,067,897,648

Total

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10.


Graha Bukopin Graha Bukopin adalah ruang perkantoran yang berlokasi di Graha Bukopin Surabaya luas 1.202 m2 di atas tanah sertifikat HGB atas nama PT Tiffa yang terbit pada tanggal 03 Desember 2010 akan berakhir tanggal 25 Juli 2031

Graha Bukopin Graha Bukopin is office space which located in Surabaya Graha Bukopin spacious 1,202 m2 on the ground HGB on behalf of PT Tiffa, published on 3 December 2010 and will expire on 25 July 2031.

Mall Serang Persediaan Mall Serang merupakan persediaan kios dan ruko yang diperoleh dari kompensasi dengan piutang usaha konstruksi a.n. PT Maju Mandiri Santosa atas proyek Mall Serang dengan luas 776,64 m2 yang berlokasi di SerangBanten, terdiri dari beberapa sertifikat HGB atas nama PT Maju Mandiri Santosa yang terbit pada tanggal 4 Maret 2010 dan 16 Juli 2010 akan berakhir pada tanggal 3 Nopember 2034.

Mall Serang Inventory of Mall Serang represents inventory of kiosks and shop houses originated from compensation in settlement of construction receivable from PT Maju Mandiri Sentosa for Mall Serang project of 776,64 square m2 located in Serang - Banten, with various Land Right ( HGB) on behalf PT Maju Mandiri Sentosa dated 4 March 2010 and 16 July 2010, and will expire in 3 November 2034.

Rumah di Bogor Persediaan rumah di Bogor merupakan hasil penyelesaian piutang Proyek Pangrango Plaza Bogor yang dibayarkan dengan 3 (tiga) unit rumah di Bogor, terletak di atas tanah beberapa Sertifikat HGB dengan total luas 996 m2 atas nama Perseroan yang terbit pada tanggal 19 Januari 2007 dan berakhir tanggal 19 Januari 2037. Pada tahun 2015, 1 (satu) unit rumah telah dijual dan total luas tanah menjadi 581 m2..

Rumah di Bogor Inventory of House in Bogor originated from settlement of receivable from Pangrango Plaza Bogor Project, compensated with 3 (three) units of house in Bogor, with various Land Right (HGB) of 996 m2 on behalf of the Company dated 19 January 2007 and will expire in 19 January 2037. In 2015, 1 (one) unit of house was sold, and the area were be 581 m2.

Kios Pasar Kenari Persediaan Kios Pasar Kenari adalah persediaan Kios yang berlokasi di Pasar Kenari, Jakarta, berupa hak pakai No.01.08.0004 sampai 01.08.0024 seluas 374.59 m2 berlaku mulai 1 Pebruari 1998 sampai dengan 1 Pebruari 2018.

Kios Pasar Kenari Pasar Kenari Kiosks inventory is located at Pasar Kenari, Jakarta, with right of use No.01.08.0004 up to 01.08.0024 of 374.59 m2, effective 1 February 1998 up to 1 February 2018.

FX Residence FX Residence adalah persediaan Apartemen yang terletak di Jl. Sudirman Pintu Satu Senayan seluas 150 m2. Persediaan tersebut merupakan hak huni atas nama PT Aneka Bina Lestari sejak tahun 2008 sampai dengan 2043.

FX Residence FX Residence represents apartment inventory located at Jl. Sudirman Pintu Satu Senayan of 150 m2.The inventory is under tenure of PT Aneka Bina Lestari from 2008 up to 2043.

Bukit Permata Puri Ngalian Semarang Persediaan Bukit permata Puri Ngalian Semarang adalah persediaan yang terletak di atas tanah beberapa Sertifikat HGB dengan total luas 391.539 m2 atas nama Perseroan yang terbit pada beberapa tahun 1993, 1994, 1996, 2003, 2005 dan 2007 dan akan berakhir pada beberapa tahun 2023, 2025, 2033, 2035 dan 2037.

Bukit Permata Puri Ngalian Semarang Bukit Permata Puri Ngalian Semarang inventory is Land Right (HGB) of 391.539 m2, on behalf of the Company issued in various years: 1993, 1994, 1996, 2003, 2005 and 2007, and will expire in years 2023, 2025, 2033, 2035 and 2037.

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10.


Apartemen Patria Park Persediaan Apartemen Patria Park merupakan persediaan apartemen sebanyak 4 unit yang berlokasi di Cawang Jakarta.

Apartemen Patria Park Patria Park Apartement inventory is apartement inventory of 4 units located in Cawang - Jakarta.

Permata Puri Persediaan Permata Puri adalah persediaan yang berlokasi di Cibubur, Jawa Barat, terletak di atas beberapa Sertifikat HGB No. 997, 998, 999 dengan total luas 583 m2 atas nama Perseroan yang terbit pada tanggal 27 Juni 1997 yang berakhir tanggal 13 Desember 2014. Persediaan tersebut telah terjual pada tahun 2014.

Permata Puri Inventory of Permata Puri is located at Cibubur, West Java. It is under various Land Right (HGB) No. 997, 998, 999 with a total area of 583 m2 on behalf of the Company dated 27 June 1997, which ended 13 December 2014. The inventory was sold in 2014.

Sebidang tanah SHGB seluas 3.555 m2 yang terletak di Kabupaten Padang Pariaman, Sumatera Barat dan 10 (sepuluh) bidang tanah SHGB seluas 45.630 m2 yang terletak di Pekayon, Kabupaten Bekasi, Jawa Barat dijadikan sebagai jaminan pada PT Bukopin (Persero), Tbk.

One piece of land of 3,555 square metres located in Padang Pariaman District, West Sumatra and 10 (ten) pieces of lands of 45,630 square metres located in Pekayon, Bekasi District, West Java, pledged as collateral to PT Bukopin (Persero), Tbk.

Sebidang tanah seluas 29.955 m2 yang terletak di Pekayon Jaya, Bekasi Selatan dijadikan sebagai jaminan pada PT CIMB Niaga, Tbk.

One piece of land of 29,955 square metres located in Pekayon Jaya, South Bekasi, pledged as collateral to PT CIMB Niaga, Tbk.

Di luar persediaan-persediaan tersebut, persediaan yang dijaminkan diasuransikan sesuai klausul bank atas fasilitas pinjaman yang diterima perusahaan.

Apart from those inventories, all inventories which are pledged as collateral are also insured in accordance with bank requirements related to loan facilities provided to the Company.

Seluruh kepemilikan perusahaan atas persediaan real estate adalah dalam bentuk Perjanjian Pengikatan Jual Beli (PPJB).

All of the Company's inventory of real estate are bound in sale and purchase binding agreements.

Konsekuensi yang harus ditanggung oleh perusahaan atas uang muka yang telah diterima namun tidak dapat diselesaikan tepat waktu oleh perusahaan maka konsumen dapat memutuskan perjanjian dan perusahaan berkewajiban mengganti seluruh uang muka tersebut.

Consequences which should be borne by the Company with an advance received, but the related project can not be completed on time, therefore the relevant consumer has the right to cancel the agreement and the Company is liable to fully pay back the advance received.

Seluruh persediaan bahan/material diasuransikan melalui Construction All Risk (CAR).

All material inventories are insured through Construction All Risk (CAR) insurance.

Persediaan bangunan jadi telah diasuransikan dengan rincian sebagai berikut:

Inventory of existing building were insured with the following details:

Penanggung / Insurance Company PT Asuransi Wahana Tata PT Asuransi Wahana Tata PT Asuransi Wahana Tata PT Asuransi Wahana Tata

Nomor Polis / Certificate Number

Jangka Waktu / Period of Insurance

022.4050.201.2015.001344.00 022.4050.202.2015.000214.00 022.1050.501.2015.000014.00 022.1050.201.2015.000675.00

01-12-2015 - 01-12-2016 01-12-2015 - 01-12-2016 01-12-2015 - 01-12-2016 13-04-2015 - 13-04-2016

78

Nilai Pertanggungan / Insurance Policy 200,000,000,000 200,000,000,000 5,000,000,000 50,000,000,000




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 10. PERSEDIAAN (lanjutan) Penanggung / Insurance Company PT Asuransi Himalaya Pelindung PT Asuransi Himalaya Pelindung PT Asuransi Himalaya Pelindung PT Asuransi Himalaya Pelindung PT Asuransi Bintang PT Asuransi Bintang PT Asuransi Qbe Pool Indonesia PT Asuransi Allianz Utama Indonesia

10.

INVENTORIES (continued)

Nomor Polis / Certificate Number 10010105151000101 1001010915000187 10010105151000113 10010109151000199 P10115101546000 P10411102330000 11-E0002686-CAR-E004 JKT00-G-1407-00E00004625

Manajemen berkeyakinan bahwa nilai pertanggungan cukup untuk menutup resiko kerugian yang mungkin timbul atas persediaan yang dipertanggungkan tersebut.


Jangka Waktu / Period of Insurance 01-11-2015 - 01-11-2016 01-11-2015 - 01-11-2016 01-11-2015 - 01-11-2016 01-11-2015 - 01-11-2016 01-11-201 - 01-11-2016 01-11-201 - 01-11-2016 19-08-2014 - 19-04-2017 15-07-2014 - 15-07-2016

Nilai Pertanggungan / Insurance Policy 1,254,300,000 1,254,300,000 1,947,200,000 1,947,200,000 304,100,000 304,100,000 515,000,000,000 275,000,000,000

The management believes that the insurance is adequate to cover possible loss on the inventories.

(Lihat Catatan No. 3j dan 21 )

(See Notes No. 3j and 21)

11. UANG MUKA VENTURA BERSAMA


ADVANCE PAYMENT - JOINT VENTURE 31 Desember / December 2015

KSO Karebe

3,000,000,000

3,000,000,000

JO Karebe

Jumlah Uang Muka Ventura Bersama

3,000,000,000

3,000,000,000

Total Advance Payment Joint Venture

(lihat Catatan No.3q)

(See Notes No.3q)

12. UANG MUKA

12.

Merupakan saldo uang muka per 31 Maret 2016 dan 31 Desember 2015 terdiri dari:

ADVANCE Represents balance of advances as of 31 Maret 2016 and 31 December 2015 consist of:



Uang Muka Supplier / Pemasok Uang Muka Import Uang Muka Subkontraktor Uang Muka Dinas

147,345,381,556 148,125,653,014 106,644,758,343 11,316,908,134

12,123,464,563 334,104,610 29,006,526,344 7,138,096,704

Advances to the Company's Officials

Jumlah Uang Muka

413,432,701,047

48,602,192,221

Total Advance Payment

79

Advances to Suppliers Advance to Import Advance to Subcontractors




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 12. UANG MUKA (lanjutan)

12.

Rincian uang muka adalah sebagai berikut:

ADVANCE (continued) In the following details:

31 Maret / March 2016 Uang Muka Supplier / Pemasok Tanjung Uncang Terminal Peti Kemas Kalibaru Proyek Divisi Operasi III GSE Apron T3 Soetta Jalan Tol Medan Tebing Tinggi St Moritz Panakukang Makasar Proyek Divisi Operasi I Proyek Divisi Operasi II Apron Bandara Sultan Thaha Indarung CC-3 Jalan Servo Hauling Road UK Petra Gedung P1&P2 Uang Muka Supplier - Entitas Anak Lain-lain di bawah Rp 1 Milyar



53,221,750,224 26,221,709,508 12,280,621,566 10,229,794,830 6,622,986,781 5,880,398,195 5,000,000,000 3,595,975,059 2,817,360,000 2,072,000,000 1,468,580,471 1,373,880,675 15,276,402,296 1,283,921,951

1,271,750,224 5,999,004,183 4,852,710,156

Advances to Suppliers Tanjung Uncang Terminal Peti Kemas Kalibaru Proyek Divisi Operasi III GSE Apron T3 Soetta Jalan Tol Medan Tebing Tinggi St Moritz Panakukang Makasar Proyek Divisi Operasi I Proyek Divisi Operasi II Apron Bandara Sultan Thaha Indarung CC-3 Jalan Servo Hauling Road UK Petra Gedung P1&P2 Advance to Supplier - Subsidiary Other of less than 1 Billions

Sub Jumlah

147,345,381,556

12,123,464,563

Sub total

Uang Muka Import PLTGU 3 x 40 KDL - Cilegon Tanjung Uncang Lain-lain di bawah Rp 1 Milyar

140,082,345,358 7,964,948,116 78,359,540

334,104,610

Advances to Importirs PLTGU 3 x 40 KDL - Cilegon Tanjung Uncang Other of less than 1 Billions

Sub Jumlah

148,125,653,014

334,104,610

Sub total

2,585,292,188 1,090,481,475 10,114,218,716 1,627,564,800 16,536,639,681 1,697,900,598 1,500,000,000 68,657,257,316

3,660,250,059 2,436,231,475 2,400,737,219 2,156,340,953 1,627,564,800 1,146,987,385 11,895,667,624

Advances to Subcontractors Indarung Cc 4 St Moritz Panakukang Makasar Indarung Cc-3 Jalan Servo Hauling Road Swissbell Hotel Darmo Centrum Bendung Lolak Sulut Jalan Batu Raden Indarung Cc 7 Advance to Supplier - Subsidiary

2,835,403,569

3,682,746,829

Other of less than 1 Billions

106,644,758,343

29,006,526,344

Sub total

Uang Muka Subkontraktor Indarung Cc 4 St Moritz Panakukang Makasar Indarung Cc-3 Jalan Servo Hauling Road Swissbell Hotel Darmo Centrum Bendung Lolak Sulut Jalan Batu Raden Indarung Cc 7 Uang Muka Subkontraktor - Entitas Anak Lain-lain di bawah Rp 1 Milyar Sub Jumlah

80






Uang Muka Dinas Pusat Uang Muka Dinas - Entitas Anak Lain-lain di bawah Rp 1 Milyar Sub Jumlah Jumlah Uang Muka

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) ADVANCE (continued)


1,534,142,381 9,143,869,315 638,896,438

1,228,940,788 5,342,479,478 566,676,438

Working Advances Pusat Working Advance - Subsidiary Other of less than 1 Billions

11,316,908,134

7,138,096,704

Sub total

413,432,701,047

48,602,192,221

Total Advances

Uang muka supplier/pemasok merupakan uang muka atas pembelian dan pengadaan bahan/material sesuai dengan surat perjanjian jual beli yang akan diperhitungkan dengan pembayaran tagihan supplier.

Advances to suppliers are advances for materials purchases and procurement in accordance with sales agreement and to be settled upon billing by the relevant supplier.

Uang muka subkontraktor merupakan uang muka yang dibayarkan Perusahaan kepada subkontraktor sesuai dengan kontrak, untuk pelaksanaan suatu proyek yang akan diperhitungkan dengan pembayaran tagihan subkontraktor.

Advances to subcontractors are advances provided to subcontractors in accordance with contracts, for the purpose of project works to be settled with billing of the relevant subcontractor.

13. PERPAJAKAN

13.

a. Pajak Dibayar Dimuka

TAXATION a. Prepaid Taxes



Pajak Pertambahan Nilai Pajak Penghasilan Badan : PPh Final PPh Pasal 23 Pajak Bumi dan Bangunan

329,413,850,707

380,794,298,661

54,669,251,526 4,811,747,183 250,356,673

82,390,182,860 4,148,850,252 438,124,178

Value Added Tax Corporate Income Tax: Final Tax Article 23 Land and Building Tax

Jumlah Pajak Dibayar Dimuka

389,145,206,089

467,771,455,951

Total Prepaid Taxes

b. Utang Pajak

b. Taxes Payable 31 Maret / March 2016

PPh Pasal 21 PPh Pasal 22/23 Pajak Pembangunan (PB 1) PPh Pasal 26 Jumlah Utang Pajak


18,140,310,732 34,471,098,907 694,797,635 53,306,207,274

42,145,684,704 13,449,960,705 964,522,947 9,875,122 56,570,043,478

81

Income Tax Article 21 Income Tax Article 22/23 Development Tax Income Tax Article 26 Total Tax Payable




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 13. PERPAJAKAN (lanjutan)

13.

c. Liabilitas Pajak Penghasilan Final

TAXATION (continued) c. Final Income Tax Liability

31 Maret / March 2016 Merupakan liabilitas pajak penghasilan final per 31 Maret 2016 dan 31 Desember 2015 masing-masing :



309,496,467,267

291,211,795,262

d. Beban (Penghasilan) Pajak:

Represent final income tax liability as of 31 March 2016 and 31 December 2015 amounting to :

d. (Income) Tax Expense: 31 Maret / March 2016


Pajak Kini Pajak Penghasilan Tidak Final Pajak Penghasilan Final

1,710,553,530 88,704,348,699

2,199,737,293 66,242,081,643

Current Tax Non Final Income Tax Final Income Tax

Jumlah beban pajak

90,414,902,229

68,441,818,936

Total Income Tax Expense

Pajak Penghasilan Tidak Final Laba Konsolidasi sebelum Pajak

Non Final Income Tax 220,317,933,902

162,058,106,939

Penghasilan

income tax

Dikurangi : Laba sebelum Pajak Penghasilan -

Less : 129,714,420,630

114,825,966,158

Profit before income tax -

90,603,513,272

47,232,140,781

Profit before income tax

-

-

Deductible Differences

Entitas Anak Laba sebelum Pajak Penghasilan

Consolidated profit before

Subsidiaries

Penyesuaian Pajak Beda Temporer Beda Tetap

Permanent Differences

Penghasilan yang sudah dikenakan Pajak Final

(2,052,549,222,547)

(1,466,254,928,701)

Income Imposed Final Tax

Beban atas penghasilan yang sudah dikenakan Pajak Final

1,961,945,709,275

1,419,022,787,920

Expenses on Income Already Taxed Final

-

-

Penghasilan Kena Pajak Beban Pajak Penghasilan Kini Tidak Final - Entitas Induk Beban Pajak Penghasilan Kini Tidak Final - Entitas Anak

-

-

(1,710,553,530)

2,199,737,293

Beban Pajak Penghasilan Kini Tidak Final - Konsolidasi

Income Tax Current Income Tax Expense Non Final - Parent Entity Current Income Tax Expense Non Final - Subsidiaries Current Income Tax Expense

(1,710,553,530)

2,199,737,293

82

Non Final - Consolidated





13.

Perusahaan menerima Surat Ketetapan Pajak Lebih Bayar, Kurang Bayar dan Nihil (SKPLB, SKPKB dan SKPN) dan telah menerima kelebihan restitusi pajak adalah sebagai berikut:

Tahun Pajak / Fiscal Year 2014 2014 2014 2014 2014 2014 2013 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008

Objek Pajak / Tax Object SKPLB PPN/Overpayment VAT (Jan) SKPLB PPN/Overpayment VAT (Feb) SKPLB PPN/Overpayment VAT (Mar) SKPLB PPN/Overpayment VAT (Apr) SKPLB PPN/Overpayment VAT (Mei) SKPLB PPN/Overpayment VAT (Juni) SKPLB PPN/Overpayment VAT (2013) Putusan Banding PPN masa Feb Putusan Banding PPN masa Mar Putusan Banding PPN masa Apr Putusan Banding PPN masa Mei Putusan Banding PPN masa Jun Putusan Banding PPN masa Jul Putusan Banding PPN masa Agust Putusan Banding PPN masa Sept Putusan Banding PPN masa Okt Putusan Banding PPN masa Nop

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) TAXATION (continued) The Company received the following Tax Assesment Letter of Tax Over Payment, Tax Under Payment and Nil (SKPLB, SKPKB and SKPN) and the Company has received the tax refund as follows:

Nomor Hasil Pemeriksaan / Assessment Note Number 00031/407/14/093/15 00032/407/14/093/15 00034/407/14/093/15 00033/407/14/093/15 00035/407/14/093/15 00036/407/14/093/15 00026/406/13/093/15 64175/PP/M.XIIA/16/2015 64176/PP/M.XIIA/16/2015 64177/PP/M.XIIA/16/2015 64183/PP/M.XIIA/16/2015 64184/PP/M.XIIA/16/2015 64178/PP/M.XIIA/16/2015 64179/PP/M.XIIA/16/2015 64180/PP/M.XIIA/16/2015 64181/PP/M.XIIA/16/2015 64182/PP/M.XIIA/16/2015

Tidak terdapat (beban) manfaat pajak tangguhan dan aset (kewajiban) pajak tangguhan untuk periode yang berakhir 31 Desember 2015 dan 31 Desember 2014 karena penghasilan perusahaan dikenakan pajak penghasilan yang bersifat final sehingga tidak terdapat beda temporer yang akan dikompensasikan dimasa yang akan datang. Kecuali untuk Entitas Anak yang terdapat Penghasilan yang tidak dikenakan pajak final.

Jumlah lebih (kurang) bayar / Total of Tanggal Terbit / Date of Issue Over/(Under) Payment 29-Oct-15 29-Oct-15 29-Oct-15 29-Oct-15 29-Oct-15 29-Oct-15 29-Oct-15 28-Sep-15 28-Sep-15 28-Sep-15 28-Sep-15 28-Sep-15 28-Sep-15 28-Sep-15 28-Sep-15 28-Sep-15 28-Sep-15

17,109,091,843 14,582,853,854 12,026,709,373 1,366,884,192 8,324,738,532 22,557,714,846 20,415,974,890 1,031,925,922 614,220,378 1,865,369,373 490,229,762 69,123,627 760,361,044 410,821,852 283,286,220 469,845,342 798,645,112

There is no deferred tax (expense) benefit and deferred tax assets (liabilities)for the period ended 31 December 2015 and 31 December 2014 because of company's incomes were subjected to final tax which eliminate the expected future tax consequences of temporary differences between tax bases and financial reporting. Except for income from subsidiaries were subjected to non final tax.

(Lihat Catatan No. 3u)

(See Note No. 3u)

83




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 14. BEBAN DIBAYAR DIMUKA


Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) PREPAID EXPENSES


Biaya Tidak Langsung Biaya Pemasaran Biaya Provisi Biaya Asuransi

226,073,263,324 187,260,056,807 20,743,167,406 10,271,026,179

96,542,314,942 128,400,949,200 25,627,414,731 8,751,443,556

Indirect Expense Marketing Expense Provision Expense Insurance Expense

Jumlah Beban Dibayar Dimuka

444,347,513,716

259,322,122,429

Total Prepaid Expenses

Biaya pemasaran adalah biaya-biaya dalam rangka mendapatkan proyek antara lain biaya prakualifikasi, jaminan tender dan biaya tender lainnya. Biaya ini akan dibebankan setelah proyek didapatkan atau ada kepastian tidak didapatkan. Perolehan kontrak baru tahun yang berakhir 31 Maret 2016 adalah sebesar Rp4.244 milyar.

Marketing expense represents expenditures in relation to getting project works, such as prequalification, bidding bond, and other bidding expenses. The expenses are chargeable to the related projects when awarded. The contracts awarded to the Company during the year ended 31 December 2015 is IDR4,244 billion.

Biaya Tidak Langsung termasuk entitas anak adalah pengeluaran yang akan dibebankan secara proporsional selama masa pelaksanaan proyek.

Indirect expenses, which include that of the subsidiaries, represent expenditures which will be charged in proportional manner during the projects period.

Biaya provisi dibayar dimuka merupakan biaya provisi atas perpanjangan kredit pinjaman yang akan diamortisir selama masa pinjaman.

Prepaid provision expenses are provisions payable for loan extension and are amortized over the relevant loan term.

(Lihat Catatan No. 3k)

(See Note No. 3k)

15. JAMINAN

15.

Akun ini merupakan jaminan yang dibayarkan (storjam) perusahaan dalam rangka tender proyek baru, jaminan atas penerimaan uang muka pekerjaan, pelaksanaan pekerjaan dan jaminan selama masa pemeliharaan pekerjaan berupa bank garansi dan jaminan LC/SKBDN terdiri dari :

GUARANTEE The account represents guarantee provided by the Company in relation to bidding for new projects, guarantee on work advances, guarantee on work performance, and guarantee during projects maintenance period, in form of bank guarantees and letter of credit guarantee, consisting of:



Jaminan Pelaksanaan Proyek Jaminan Sewa Ruang

16,817,773,739 300,684,860

17,563,328,514 300,684,860

Projects Performance - Guarantee Rent - Guarantee

Jumlah Jaminan

17,118,458,599

17,864,013,374

Total Guarantee

84



Catatan Atas Laporan Keuangan Konsolidasian 31 Maret 2016 dan 31 Desember 2015


Serta Untuk Periode 3 (Tiga) Bulan Yang Berakhir Pada Tanggal-Tanggal 31 Maret 2016 dan 2015

(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 16. INVESTASI PADA ENTITAS ASOSIASI % Kepemilikan /Ownerships PT Sentul PP Properti PT Jababeka PP Properti PT Sinergi Investasi Properti PT Prima Multi Terminal PT Alam Inti Energi PT Muba Daya Pratama PT Inpola Meka Energi PT Pekanbaru Permai Propertindo

49% 49% 20% 25% 30% 49% 35% 40%

Jumlah Investasi/Total Investment

% Kepemilikan /Ownerships PT Sinergi Investasi Properti PT Prima Multi Terminal PT Alam Inti Energi PT Muba Daya Pratama PT Inpola Meka Energi PT Pekanbaru Permai Propertindo Jumlah Investasi/Total Investment

16. Saldo Awal / Beg. Balance

INVESTMENT IN ASSOCIATED ENTITIES 31 Maret / March 2016 Penambahan / Additions

Pengurangan / Deductions

Saldo Akhir / Ending Balance

27,240,000,000 122,590,000,000 17,821,300,000 46,518,235,052 34,464,500,000 23,500,000,000

49,000,000,000 26,062,236,000 23,500,000,000

2,766,376,000

49,000,000,000 26,062,236,000 27,240,000,000 122,590,000,000 17,821,300,000 46,518,235,052 34,464,500,000 44,233,624,000

244,894,035,052

98,562,236,000

2,766,376,000

367,929,895,052

31 Desember / December 2015 Saldo Awal / Penambahan / Pengurangan / Beg. Balance Additions Deductions

20% 25% 30% 49% 35% 20%


52,200,000,000 17,821,300,000 46,472,044,309 7,400,000,000 23,500,000,000

27,240,000,000 79,090,000,000 46,190,743 27,064,500,000 -

8,700,000,000 -

27,240,000,000 122,590,000,000 17,821,300,000 46,518,235,052 34,464,500,000 23,500,000,000

147,393,344,309

133,440,690,743

8,700,000,000

272,134,035,052

a. PT Sentul PP Properti


Pendirian Perusahaan Patungan PT. Sentul PP Properti antara PT. PP Properti Tbk dengan PT. Sentul City Tbk. Akta Perjanjian Usaha Patungan No. 1 Tanggal 1 Februari 2016 ditandatangani dihadapan Notaris Emmyra Fauzia Kariana, SH, M.kn dan Akta Pendirian Perusahan No. 11 Tanggal 5 Februari 2016 dihadapan Notaris Elizabeth Karina Leonita. SH, M.kn. Modal dasar Perusahaan Rp 100.000.000.000 dengan komposisi kepemilikan saham PT. PP Properti Tbk adalah 49% atau senilai Rp 49.000.000.000 Perusahaan bergerak dibidang kegiatan usaha bisnis property dan realty. Luas lahan yang dikembangkan adalah ± 10.000 m2 yang terletak di Desa Citaringgul Kecamatan Citeureup Kabupaten Jawa Barat.

The establishment of the new company PT. Sentul PP Properti that was between PT. Properti Tbk with PT. Sentul City Tbk. Certificates agreement a joint venture No. 1 dated February 1, 2016 signed by notary Emmyra Fauzia Kariana, SH, M.kn And the deed of establishment company No. 11 dated February 5, 2016 is before notary Elizabeth Karina Leonita. SH, M.kn. The capital base of the company Rp 100.000.000.000 with the ownership composition of share of PT. PP Properti Tbk is 49 % or costs Rp Rp 49.000.000.000 company move in business activities business property and realty.Their land developed was ± 10.000 m2 located on Desa Citarinngul, Citeureup, West Java.

85




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 16. INVESTASI PADA ENTITAS ASOSIASI (lanjutan)

16.

b. PT Jababeka PP Properti

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) INVESTMENT IN ASSOCIATED ENTITIES (continued) b. PT Jababeka PP Properti

Pendirian Perusahaan Patungan PT. Jababeka PP Properti antara PT. PP Properti Tbk dengan PT. Kawasan Industri Jababeka Tbk. Akta Perjanjian Usaha Patungan No. 85 Tanggal 28 Januari 2016 ditandatangani dihadapan notaris Dra. Rr. Hariyanti Poerbiantari, SH, Mkn. dan Akta Pendirian Perusahan No. 9 Tanggal 4 Februari 2016 dihadapan Notaris Telly Feberianawati, SH. Modal dasar Perusahaan Rp 73.872.550.000 dengan komposisi kepemilikan saham PT. PP Properti Tbk adalah 49% atau senilai Rp 36.197.550.000 Perusahaan bergerak dibidang kegiatan usaha bisnis property dan realty. Luas lahan yang dikembangkan adalah 25.855 m2 yang terletak di Jalan Jababeka VIII Kecamatan Cibitung Kabupaten Bekasi Jawa Barat.

The establishment of the new company PT. Jababeka PP Properti that was between PT. Properti Tbk with PT. Kawasan Industri Jababeka Tbk. Certificates agreement a joint venture No. 85 dated January 28, 2016 signed by notary dra .Rr .Hariyanti Poerbiantari, SH, Mkn. And the deed of establishment company No. 9 dated February 4, 2016 is before notary Telly Feberianawati, SH. The capital base of the company Rp 73.872.550.000 with the ownership composition of share of PT. PP Properti Tbk is 49 % or costs Rp 36.197.550.000 company move in business activities business property and realty.Their land developed was 25.855 m2 located on Jalan Jababeka VIII Cibitung Bekasi West Java .

c. PT Sinergi Investasi Properti


PT Sinergi Investasi Properti adalah badan usaha hasil kerjasama antara BPJS Ketenagakerjaaan dan PT PP (Persero) Tbk. Kerjasama yang dilakukan dalam bidang jasa, pembangunan dan perdagangan umum. PT PP (Persero) Tbk melakukan penyertaan saham di PT Sinergi Investasi Properti sebesar 27.240 kembar saham atau sebesar Rp27.240.000.000,- atas penyertaan tersebut PT PP (Persero) Tbk berhak atas kepemilikan saham pada PT Sinergi Investasi Properti sebesar 20%.

PT Sinergi Investasi Properti is a joint venture between BPJS Ketenagakerjaan and PT PP (Persero) Tbk. Cooperation undertaken in the field of services , construction and general trading. PT PP ( Persero ) Tbk invested in shares in PT Sinergi Properti Investasi amounted to 27,240 shares or equivalent IDR27,240,000,000 on the inclusion of PT PP ( Persero ) Tbk is entitled to ownership of shares in PT Sinergi Properti Investasi by 20% .

PT Sinergi Investasi Properti belum menerbitkan Laporan Keuangan tanggal 31 Maret 2016.

PT Sinergi Investasi Properti has not issued financial statements as of 31 March 2016.

d. PT Prima Multi Terminal


PT Prima Multi Terminal adalah badan usaha hasil kerjasama antara PT Pelindo I (Persero), PT PP (Persero) Tbk, dan PT Waskita Karya (Persero) Tbk. Kerjasama yang dilakukan dalam rangka melaksanakan kerjasama pembangunan dan pengoperasian Terminal Curah Cair Kuala Tanjung. PT PP (Persero) Tbk melakukan penyertaan saham di PT Prima Multi Terminal sebesar Rp52.200.000.000,- atas penyertaan tersebut PT PP (Persero) Tbk berhak atas kepemilikan saham pada PT Prima Multi Terminal sebesar 30%.

PT Prima Multi Terminal is a joint venture between PT Pelindo I (Persero), PT PP (Persero) Tbk, and PT Waskita Karya (Persero) Tbk. Cooperation is done in order to carry out joint development and operation of the Terminal Curah Cair Kuala Tanjung. The Company invested in stocks of PT Prima Multi Terminal in the amount of IDR52,200,000,000,- and with the investment, the Company owns 30% of ownership.

86





16.


Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) INVESTMENT IN ASSOCIATED ENTITIES (continued) d. PT Prima Multi Terminal

Pada tahun 2015 terdapat peningkatan modal disetor pada PT Prima Multi Terminal menjadi Rp. 490.360.000.000,- dan perubahan komposisi prosentase kepemilikan sehingga kepemilikan PT PP (Persero) Tbk menjadi 25%.

In 2015 there were an increase in issued and paid up capital of PT Prima Multi Terminal IDR490,360,000,000.and changes in the procentage ownership composition so the ownership of PT PP (Persero) Tbk change into 25%.

PT Prima Multi Terminal belum menerbitkan Laporan Keuangan tanggal 31 Maret 2016.

PT Prima Multi Terminal has not issued financial statements as of 31 March 2016.

e. PT Alam Inti Energi


PT PP (Persero), Tbk melakukan penyertaan saham di PT Alam Inti Energi sebesar Rp17.721.300.000,- dan atas penyertaan tersebut PT PP (Persero) Tbk berhak atas kepemilikan saham pada PT Alam Inti Energi sebesar 30%. Kerjasama yang dilakukan dalam rangka akan melakukan usaha di bidang investasi pembangkit listrik tenaga panas bumi. Perseroan melakukan investasi sejak tanggal 3 Nopember 2010.

The Company invested in stocks of PT Alam Inti Energi in the amount of IDR17,721,300,000 and with the investment, the Company owns 30 % of ownership. The investment made is for geothermal electric power plant. The investment was made since 3 November 2010.

PT Alam Inti Energi belum menerbitkan Laporan Keuangan tanggal 31 Maret 2016.

PT Alam Inti Energi has not issued financial statements as of 31 March 2016.

f. PT Muba Daya Pratama


PT Muba Daya Pratama adalah perusahaan yang dibentuk dalam rangka penyediaan daya listrik yaitu Gas Turbin Power Plant Talang Duku 60 MW. Kepemilikan PT PP (Persero) Tbk sebesar 49% dari total modal. Saat ini PT Muba Daya Pratama beroperasi secara normal yaitu pengerjaan penyelesaian Power Plant.

PT Muba Daya Pratama is a company dealing in electric power supply: Gas Turbin Power Plant at Talang Duku 60 MW. The percentage of the Company share is 49% of the total capital. PT Muba Daya Pratama is in normal operation, completing the power plant.

Perseroan melakukan investasi sejak tanggal 15 Maret 2011. Saldo investasi pada PT Muba Daya Pratama sebesar Rp46.472.044.309,- adalah sebagai berikut:

The investment was made since 15 March 2011. The balance of investment in PT Muba Daya Pratama of IDR46,472,044,309 consist of:

87







16.

Investasi/ Investment Saldo 31 Desember 2015 Bagian Laba 2016 Saldo 31 Maret 2016

Laba (Rugi) / Profit (loss)

40,670,000,000 40,670,000,000

Jumlah / Profit (loss)

5,848,235,052 5,848,235,052

Informasi keuangan PT Muba Daya Pratama adalah sebagai berikut: 31 Maret / March 2015 Jumlah Aset Jumlah Liabilitas Jumlah Ekuitas Pendapatan Laba/ (Rugi) Bersih Setelah Pajak

INVESTMENT IN ASSOCIATED ENTITIES (continued)

46,518,235,052 Balance as of 31 December 2015 Share of profit 46,518,235,052 Balance as of 31 March 2016

The following is financial information of PT Muba Daya Pratama: 31 Desember / December 2015

-

565,813,627,954 470,878,454,377 94,935,173,577 104,852,023,719 94,266,823

g. PT Inpola Meka Energi

Total Assets Total Liabilities Total Equity Revenue Profit/ (Loss) After Tax


PT Inpola Meka Energi adalah perusahaan yang bergerak di bidang usaha penyedia tenaga listrik yang telah menandatangani Perjanjian Jual Beli Tenaga Listrik dengan PT. PLN (Persero) untuk Pembangkit Tenaga Listrik Tenaga Minihidro (PLTM) Lau Gunung Kapasitas 2 x 5.000 KW, Desa Pamah Kecamatan Pinem Kabupaten Dairi Sumatera Utara, tanggal 28 Desember 2009 (Proyek PLTM Lau Gunung). Kepemilikan PT PP (Persero), Tbk sebesar 35% dari total modal.

PT Inpola Meka Energi is a company dealing in Electrical Supply has been signed Power Purchase Agreement (PPA) with PT. PLN (Persero) for Minihydro Power Plant Lau Gunung with capacity 2 x 5.000 KW, Desa Pamah Kecamatan Pinem Kabupaten Dairi Sumatera Utara. dated 28 December 2009. The percentage of the Company share is 35% of the total capital.

Saldo investasi pada PT Inpola Meka Energi sebesar Rp.34.464.500.000,- adalah sebagai berikut:

The balance of investment in PT Inpola Meka Energi of IDR.34,464,500,000 consist of:

Investasi/ Investment Saldo 31 Desember 2015 Bagian Laba Saldo 31 Maret 2016


34,464,500,000 34,464,500,000

Jumlah / Profit (loss) -

PT Inpola Meka Energi belum menerbitkan Laporan Keuangan tanggal 31 Maret 2016.


PT Inpola Meka Energi has not issued financial statements as of 31 March 2016.

88





16.

h. PT Pekanbaru Permai Propertindo

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) INVESTMENT IN ASSOCIATED ENTITIES (continued) h. PT Pekanbaru Permai Propertindo

PT Pekanbaru Permai Propertindo merupakan badan usaha hasil kerjasama antara PT Dwimatra Mandiri, Tn. Onny Hendro Adiaksono dan PT PP Properti Tbk. Kerjasama yang dilakukan dalam rangka melaksanakan kerjasama pembangunan Kondotel Pekanbaru Park. PT PP Properti Tbk melakukan penyertaan saham di PT Pekanbaru Permai Propertindo sebesar Rp23.500.000.000. Penyertaan saham tersebut berdasarkan Akta Notaris Muhammad Azhari, S.H.,Sp.N.,M.H. Nomor : 30.Tanggal 28 Pebruari 2014 atas kepemilihan saham pada PT Pekanbaru Permai Propertindo sebesar 20%. PT Pekanbaru Permai Propertindo belum menerbitkan Laporan Keuangan.

PT Pekanbaru Permai Propertindo is a business entity in cooperation among PT Dwimatra Mandiri, Mr. Onny Hendro Adiaksono and PT PP Properti Tbk. The cooperation for copartnership in construction of Pekanbaru Park Condotel. PT PP Properti Tbk invested in shares in PT Pekanbaru Permai Propertindo of Rp23.500.000.000. The investment is based on the Notary Deed Number 30 dated February 28, 2014 of the notary Muhammad Azhari, S.H., Sp.N., M.H. on shareholding of PT Pekanbaru Permai Propertindo by 20%. PT Pekanbaru Permai Propertindo has not issued its financial statements.

Perubahan kepemilikan saham pada PT Pekanbaru Permai Propertindo sebesar 20% menjadi 40% dituangkan dalam Akta Notaris Muhammad Azhari., SH., SpN., MH. tentang Pernyataan Keputusan Rapat Perseroan Terbatas PT Pekanbaru Permai Propertindo

Changes in ownership share in PT Pekanbaru Permai Propertindo by 20% to 40% stated in Notary Deed Muhammad Azhari., SH., SPN., MH. Statement on Meeting of PT Pekanbaru Permai Propertindo No. 1.

PT Pekanbaru Permai Propertindo belum menerbitkan Laporan Keuangan tanggal 31 Maret 2016.

PT Pekanbaru Permai Propertindo has not issued financial statements as of 31 March 2016.

(Lihat Catatan No.3l)

(See Notes No3l)

17. INVESTASI JANGKA PANJANG LAINNYA % Kepemilikan /Ownerships PT Jasa Marga Kualanamu PT Citra Waspphutowa PT Pancakarya Grahatama PT Mitra Cipta Polasarana PT PP Taisei

15,00% 12,50% 15.00% 4,67% 15,00%

Jumlah Investasi/Total Investment % Kepemilikan /Ownerships PT Jasa Marga Kualanamu PT Citra Waspphutowa PT Pancakarya Grahatama PT Mitra Cipta Polasarana PT PP Taisei Jumlah Investasi/Total Investment

15,00% 12,50% 15.00% 4,67% 15,00%


OTHERS LONG TERM INVESTMENT 31 Maret / March 2016 Penambahan / Additions



18,000,000,000 50,000,000,000 3,750,000,000 1,631,000,000 418,050,000

10,050,000,000 -

-

28,050,000,000 50,000,000,000 3,750,000,000 1,631,000,000 418,050,000

73,799,050,000

10,050,000,000

-

83,849,050,000



12,000,000,000 50,000,000,000 3,750,000,000 1,631,000,000 418,050,000

6,000,000,000 -

-

18,000,000,000 50,000,000,000 3,750,000,000 1,631,000,000 418,050,000

67,799,050,000

6,000,000,000

-

73,799,050,000

89




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 17. INVESTASI JANGKA PANJANG LAINNYA (lanjutan)

17.

a. PT Jasa Marga Kualanamu

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) OTHERS LONG TERM INVESTMENT (continued) a. PT Jasa Marga Kualanamu

PT Jasa Marga Kualanamu adalah badan usaha hasil kerjasama antara PT Jasa Marga (Persero) Tbk, PT Waskita Karya (Persero) Tbk, PT PP (Persero) Tbk dan PT Hutama Karya (Persero) Tbk. Kerjasama yang dilakukan dalam rangka melaksanakan pengusahaan jalan tol Medan-Kualanamu-Tebing Tinggi sepanjang kurang lebih 61,8 km yang terletak di Medan, Sumatera Utara. PT PP (Persero) Tbk melakukan penyertaan 12.000 lembar saham di PT Jasa Marga Kualanamu dengan nilai sebesar Rp12.000.000.000,- atas penyertaan tersebut PT PP (Persero) Tbk berhak atas kepemilikan saham pada PT Jasa Marga Kualanamu

PT Jasa Marga Kualanamu is a joint venture between PT Jasa Marga (Persero) Tbk, PT Waskita Karya (Persero) Tbk, PT PP (Persero) Tbk and PT Hutama Karya (Persero) Tbk. Cooperation is done in order to implement the toll road concession-field-Kualanamu High Cliff along approximately 61.8 miles located in Medan, North Sumatra. PT PP (Persero) Tbk invested 12,000 shares in PT Jasa Marga Kualanamu with a value of Rp12.000.000.000, - on the inclusion of PT PP (Persero) Tbk is entitled to ownership of shares in PT Jasa Marga Kualanamu by 15%.

PT Jasa Marga Kualanamu belum menerbitkan Laporan Keuangan tanggal 31 Maret 2016.

PT Jasa Marga Kualanamu has not issued financial statements as of 31 March 2016.

b. PT Citra Waspphutowa


PT Citra Waspphutowa adalah badan usaha hasil kerjasama antara PT Citra Marga Nusaphala Persada, Tbk, PT Waskita Karya (Persero), PT PP (Persero), Tbk, PT Hutama Karya (Persero) dan PT Bosowa Trading Internasional yang merupakan perusahaan patungan di bidang Jalan Tol Ruas Depok - Antasari sesuai surat Menteri Negara BUMN No.S-03/MBU/2006 tanggal 09 Januari 2006 perihal Persetujuan Penyertaan pada Perusahaan Patungan di bidang Jalan Tol Ruas DepokAntasari, dimana kepemilikan PT Pembangunan Perumahan (Persero), Tbk adalah 12,5%. Saat ini PT Citra Waspphutowa masih beroperasi secara normal.

PT Citra Waspphutowa is a joint venture company between PT Citra Marga Nusaphala Persada, Tbk, PT Waskita Karya (Persero), PT PP (Persero), Tbk, PT Hutama Karya (Persero) and PT Bosowa Trading Internasional operating the toll road between Depok and Antasari under the license of the Minister of State Owned Enterprise No.S-03/MBU/2006 dated 09 January 2006 on Investment Approval for joint operation in toll road between Depok and Antasari sector. The ownership percentage the Company is 12,5%. Until to date PT Citra Waspphutowa is operating normally.

Pada tahun 2013 terdapat peningkatan Modal ditempatkan dan Modal disetor pada PT Citra Waspphutowa menjadi sebesar Rp37.500.000.000 namun tidak merubah komposisi prosentase kepemilikan.

In 2013 there were an increase in issued and paid up capital of PT Citra Waspphutowa IDR37,500,000,000 but does not change the composition of the percentage of ownership.

Pada tahun 2014 terdapat peningkatan Modal disetor pada PT Citra Waspphutowa menjadi sebesar Rp50.000.000.000 namun tidak merubah komposisi prosentase kepemilikan.


90





17.


Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) OTHERS LONG TERM INVESTMENT (continued) b. PT Citra Waspphutowa

Informasi keuangan PT Citra Waspphutowa adalah sebagai berikut:

The following is financial information of Waspphutowa:

31 Maret / March 2015 Jumlah Aset Jumlah Liabilitas Jumlah Ekuitas Pendapatan Laba/ (Rugi) Bersih Setelah Pajak

PT

Citra

31 Desember / December 2015 -

1,473,425,589,614 1,091,372,264,274 382,053,325,340 350,961,974,232 (2,204,817,778)

c. PT Mitra Cipta Polasarana (PT MCPS)



PT MCPS adalah badan usaha hasil kerjasama antara PT PP (Persero), Tbk, Jasindo, Kopkar Jasindo dan PT Perkantoran Perhotelan Indonesia (PPI). Badan usaha ini bergerak dalam jasa persewaan kantor di kawasan Menteng Jakarta. Berdasarkan risalah Rapat Umum Pemegang Saham – Luar Biasa (RUPS-LB) PT MitraCipta Polasarana tanggal 19 Juni 2003 tentang perubahan modal dasar perusahaan dari Rp25.000.000.000 (dua puluh lima milyar rupiah) menjadi Rp34.960.000.000 (tiga puluh empat milyar sembilan ratus enam puluh juta rupiah) dimana tambahan setoran modal berasal dari pemegang saham mayoritas, dengan keputusan tersebut kepemilikan PT PP (Persero), Tbk sebelumnya sebesar 16% terdilusi menjadi 4,67%. Atas dasar akta nomor 18 tanggal 12 Desember 2013 oleh Notaris Ir. Nanette Cahyani Handari Adi Warsito, SH. PT PP (Persero) Tbk melakukan Spin Off maka kepemilikan tersebut menjadi milik PT PP Properti. Saat ini PT MCPS masih beroperasi secara normal.

PT MCPS is a joint venture between PT PP (Persero), Tbk, Jasindo, Kopkar Jasindo and PT Perkantoran Perhotelan Indonesia (PPI). The line of business of the joint venture is office space rental at Menteng area, Jakarta. Based on minutes of the shareholders extra ordinary general meeting of PT MitraCipta Polasarana on 19 June 2003, the shareholders agreed to increase the authorized capital of PT MitraCipta Polasarana from IDR25,000,000,000 (twenty five billion rupiahs) to be IDR34,960,000,000 (thirty billion nine hundred and sixty million rupiahs) where the additional paid-in capital comes from other majority shareholders. It resulted in decrease in the Company share from 16% to 4,67%. Up to this date date PT MCPS is operating normally. Base on the deed No. 18 dated 12 December 2013 by Notary Ir. Nanette Cahyani Handari Adi Warsito, SH. PT PP (Persero), Tbk do Spin Off then the ownership belongs to PT PP Property. Currently PT MCPS is still in normal operations.

Perseroan melakukan investasi sejak tanggal 24 Nopember 1994. PT Mitra Cipta Polasarana belum menerbitkan Laporan Keuangan tanggal 31 Maret 2016.

The investment was made since 24 November 1994. PT Mitra Cipta Polasarana has not issued financial statements as of 31 March 2016.

91





17.

d. PT PP (Persero) - Taisei Indonesia Construction

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) OTHERS LONG TERM INVESTMENT (continued) d. PT PP (Persero) - Taisei Indonesia Construction

Untuk mendapatkan pemasaran dari investor asing terutama dari Jepang, PT PP bekerja sama dengan Taisei Corporation membentuk badan usaha jasa konstruksi yang diberi nama PT PP - Taisei Indonesia Construction yang berkedudukan di Jakarta. Saat ini kepemilikan saham PT PP adalah 15%. Sebelumnya kepemilikan PT PP adalah 52%, karena memburuknya kondisi perekonomian di Indonesia sejak tahun 1997 yang mempengaruhi performa/ kinerja perusahaan, pada tahun 1998 PT PP melepas sebagian besar kepemilikannya kepada Taisei sehingga kepemilikan PT PP menjadi 15%. Saat ini PT PP - Taisei Indonesia Construction masih beroperasi secara normal.

To expand sales to foreign investors, especially those from Japan, the Company enters into cooperation with Taisei Corporation to establish construction business under the named of PT PP - Taisei Indonesia Construction, domiciled in Jakarta. Currently PT PP (Persero) has 15% ownership. Formerly the ownership of PT PP (Persero) was 52%, due to unfavourable economic conditions in Indonesia since 1997, which affected the Company's performance, in 1998 the Company divested a large part of shares to Taisei, resulted in decrease in its share to only 15%. Until to date PT PP - Taisei Indonesia Construction is operating normally.

Perseroan melakukan investasi sejak tanggal 8 Mei 1974.

The investment was made since 8 May 1974.

Informasi keuangan PT PP (Persero) - Taisei Indonesia Construction adalah sebagai berikut:

The following is financial information of PT PP (Persero) Taisei Indonesia Construction:



289,737,569,153 217,560,173,781 72,177,395,372 597,105,778,253 (22,087,552,131)

e. PT Pancakarya Grahatama Indonesia



Proyek Baranangsiang Bogor adalah Pembangunan Kawasan Bisnis, Komersial, dan Hotel pada Proyek Penataan dan Pengembangan Terpadu Terminal Baranangsiang Bogor yang dilaksanakan oleh PT Pancakarya Grahatama Indonesia (PT. PGI). Penyertaan PT. PP (Persero) Tbk pada proyek tersebut sebesar 15%. Atas dasar akta nomor 18 tanggal 12 Desember 2013 oleh Notaris Ir. Nanette Cahyani Handari Adi Warsito, SH. PT PP (Persero) Tbk melakukan Spin Off maka kepemilikan tersebut menjadi milik PT PP Properti.

Baranangsiang Bogor Project is Development of Business Area, Commercial, and Hotel in Integrated Structuring and Development Project Baranangsiang Terminal Bogor which is performed by PT. Pancakarya Grahatama Indonesia (PT. PGI). PT. PP (Persero) Tbk participation in this project is 15%. Base on the deed No. 18 dated 12 December 2013 by Notary Ir. Nanette Cahyani Handari Adi Warsito, SH. PT PP (Persero), Tbk do Spin Off then the ownership belongs to PT PP Property.

PT Pancakarya Grahatama Indonesia belum menerbitkan Laporan Keuangan tanggal 31 Maret 2016.

PT Pancakarya Grahatama Indonesia has not issued financial statements as of 31 March 2016.


(See Notes No3l)

92






(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 18. PROPERTI INVESTASI

18.

INVESTMENT PROPERTY

31 Maret / March 2016 Saldo Akhir / Saldo Awal / Beg. Balance

Penambahan / Additions

Reklasifikasi/ Keuntungan Revaluasi/ Reclasificaton/ Gain on Revaluation



Harga Perolehan

At cost

Pemilikan Langsung:

Direct Ownership

Tanah

80,119,522,430

-

-

-

80,119,522,430

Land

Bangunan

55,935,935,029

-

-

-

55,935,935,029

Building

136,055,457,459

-

-

-

136,055,457,459

Total At Cost

Jumlah Harga Perolehan Akumulasi Penyusutan

Accumulated Depreciation

Pemilikan Langsung: Bangunan Jumlah Penyusutan Nilai Buku

Direct Ownership 22,679,511,454

668,293,209

-

-

23,347,804,663

Building

22,679,511,454

668,293,209

-

-

23,347,804,663

Total Depreciation

113,375,946,005

112,707,652,796 Net Book Value

31 Desember / December 2015 Saldo Akhir / Saldo Awal / Beg. Balance





Harga Perolehan

At cost

Pemilikan Langsung: Tanah Bangunan

Jumlah Harga Perolehan


-

-

77,299,715,745

80,119,522,430

Land

22,679,511,455

-

-

33,256,423,574

55,935,935,029

Building

25,499,318,140

-

-

110,556,139,319

136,055,457,459

Total At Cost

93






(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 18. PROPERTI INVESTASI (lanjutan)

18.

INVESTMENT PROPERTY (continued)






Akumulasi Penyusutan




56,037,264

-

-

22,679,511,454

Building

22,623,474,190

56,037,264

-

-

22,679,511,454

Total Depreciation

2,875,843,950


Pembebanan penyusutan aset properti investasi dan amortisasi adalah sebagai berikut:

Depreciation and amortization expenses of investment properties as follows:



Beban pokok penjualan Beban usaha

668,293,209 -

56,037,264 -

Cost of goods sold Operating expenses

Jumlah

668,293,209

56,037,264

Total

Aset properti investasi kecuali tanah diasuransikan terhadap risiko kebakaran, terorisme, sabotase dan risiko lainnya berdasarkan beberapa paket polis asuransi, dengan nilai pertanggungan sesuai dengan catatan 20.

All of the investment property except for lands are insured against the risks of fire, terrorism, sabotage and other risks on the basis a number insurance packages in accordance with note 20.

(Lihat Catatan No.3m, 21 dan 37)

(See Note No.3m, 21 and 37)

94






(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 19. ASET TETAP

19.

FIXED ASSETS


Saldo Awal / Beg. Balance


Saldo Akhir /




Harga Perolehan Pemilikan Langsung: Tanah

At cost Direct Ownership: 1,176,806,542,757

1,176,806,542,757

Land

645,724,507,647

Building

Bangunan

645,418,068,674

306,438,973

Mesin & Peralatan

507,858,457,686

52,047,164,123

Aset Hotel

28,844,041,414

191,809,899

29,035,851,313

Assets Hotel

Kendaraan

4,395,706,827

221,300,000

4,617,006,827

Vehicles

Inventaris Kantor

7,396,384,628

7,396,384,628

Office Equipment

2,420,237,172,174

Total

Jumlah

556,656,879,002 Machinery&Equip.

(3,248,742,807)

2,370,719,201,986

52,766,712,995

19,047,579,047

3,875,150,484

22,922,729,531

Building

724,247,783,399

13,821,973,532

738,069,756,931

Land

2,895,566,219

4,227,781,494

7,123,347,713

Machinery&Equip.

66,878,250,000

Land Mall

129,154,746,000

Commercial Area

964,148,830,175

Total

(3,248,742,807)

-

Aset Dalam Pelaksanaan Bangunan Mall & Hotel Mesin & Peralt.

Assets in Construction

Tanah Mall

66,878,250,000

Komersial Area

54,444,678,000

74,710,068,000

867,513,856,665

96,634,973,510

Jumlah Sewa Guna Usaha Mesin & Peralatan Kendaraan Jumlah Jumlah Harga Perolehan

-

-

Leasing 55,207,736,001

55,207,736,001 Machinery&Equip. 28,566,197,136 Vehicles

25,729,897,137

2,836,299,999

80,937,633,138

2,836,299,999

-

-

83,773,933,137

Total

3,319,170,691,789

152,237,986,504

(3,248,742,807)

-

3,468,159,935,486

Total At Cost

Akumulasi Penyusutan Pemilikan Langsung:

Accumulated Depreciation Direct Ownership: 60,665,877,471

6,389,065,417

225,352,230,474

10,012,847,645

(3,248,742,794)

Aset Hotel

114,116,331

-

(114,116,331)

Kendaraan

3,709,685,732

167,676,685

Bangunan Mesin & Peralatan

Inventaris Kantor Jumlah

67,054,942,888

232,116,335,325 Machinery&Equip. -

7,065,473,183 296,907,383,191

16,569,589,747

(3,362,859,125)

95

Building

-

3,877,362,417

Vehicles

7,065,473,183

Office Equipment

310,114,113,813

Total






(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 19. ASET TETAP (lanjutan)

19.

FIXED ASSETS (continued)




Saldo Akhir /




Akumulasi Penyusutan Sewa Guna Usaha

Accumulated Depreciation Leasing

Mesin & Peralatan

21,232,154,932

1,518,822,063

Kendaraan

11,964,900,869

1,230,244,564

33,197,055,801

2,749,066,627

-

-

330,104,438,992

19,318,656,374

(6,725,718,250)

-

Jumlah Jumlah Akm.Penyusutan Nilai Buku

22,750,976,995

2,989,066,252,797

Machinery&Equip.

13,195,145,433

Vehicles

35,946,122,428

Total

346,060,236,241 Total Acc.Deprec.

3,122,099,699,245

Net Book Value






Saldo Akhir / Saldo Akhir / Ending Balance

Harga Perolehan Pemilikan Langsung: Tanah Bangunan Mesin & Peralatan Aset Hotel Kendaraan Inventaris Kantor Jumlah Aset Dalam Pelaksanaan Bangunan Mall & Hotel Mesin & Peralt. Tanah Mall Komersial Area Jumlah

At cost Direct Ownership: 100,058,886,876 312,701,146,375 423,673,327,993 4,580,706,827 6,153,596,998 847,167,665,069

18,239,058,499 242,060,964,979 84,970,114,663 28,844,041,414 1,242,787,630 375,356,967,185

(784,984,970) (185,000,000) (969,984,970)

1,058,508,597,382

25,159,710,695 25,159,710,695

24,072,821,339 724,247,783,399 2,895,566,219 66,878,250,000 54,444,678,000 872,539,098,957

-

(30,184,952,987) (30,184,952,987)

96

90,655,957,320 1,149,164,554,702

1,176,806,542,757 645,418,068,674 507,858,457,686 28,844,041,414 4,395,706,827 7,396,384,628 2,370,719,201,986

Land Building Machinery&Equip. Assets Hotel Vehicles Office Equipment Total Assets in Construction 19,047,579,047 Building 724,247,783,399 Land 2,895,566,219 Machinery&Equip. 66,878,250,000 Land Mall 54,444,678,000 Commercial Area 867,513,856,665 Total







19.




Sewa Guna Usaha Mesin & Peralatan Kendaraan Jumlah Jumlah Harga Perolehan


Saldo Akhir /




Leasing 65,289,897,000

4,723,693,142

-

(14,805,854,141)

21,588,797,137

6,967,400,000

(2,826,300,000)

-

86,878,694,137

11,691,093,142

(2,826,300,000)

(14,805,854,141)

959,206,069,901

1,259,587,159,284

(3,796,284,970)

1,104,173,747,574


55,207,736,001 Machinery&Equip. 25,729,897,137 Vehicles 80,937,633,138

Total

3,319,170,691,789

Total At Cost


23,660,037,918

-

-

177,989,163,243

48,509,955,945

(784,984,964)

(361,903,750)

Aset Hotel

-

114,116,331

Kendaraan

3,460,190,747

434,494,985

(185,000,000)

-

3,709,685,732

Vehicles

Inventaris Kantor

5,830,049,154

1,235,424,029

-

-

7,065,473,183

Office Equipment

224,285,242,697

73,954,029,208

(969,984,964)

(361,903,750)

296,907,383,191

Total

Mesin & Peralatan

14,794,972,931

6,075,288,251

-

361,893,750

21,232,154,932

Machinery&Equip.

Kendaraan

10,412,010,950

4,310,744,086

(2,757,854,167)

-

11,964,900,869

Vehicles

25,206,983,881

10,386,032,337

(2,757,854,167)

361,893,750

33,197,055,801

Total

Jumlah Akm.Penyusutan

249,492,226,578

84,340,061,545

(4,697,824,095)

(361,903,750)

Nilai Buku

709,713,843,323


Jumlah

60,665,877,471

Building

225,352,230,474 Machinery&Equip. 114,116,331

Sewa Guna Usaha

Jumlah

Leasing


2,989,066,252,797

Pembebanan penyusutan aset tetap adalah sebagai berikut:

Net Book Value

Depreciation expenses of fixed assets as follows:




12,592,938,124 7,014,998,629

76,222,799,255 3,057,534,445


Jumlah

19,607,936,753

79,280,333,700

Total

97





19.

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) FIXED ASSETS (continued)

Dari jumlah aset tetap tersebut di atas, telah dijaminkan atas fasilitas yang diperolah Perusahaan kepada Bank, sebagai berikut: - Berupa 31 (tiga puluh satu) bidang tanah SHGB, bangunan dan sarana pelengkap seluas 142.944 m2 yang letaknya tersebar di Jakarta, Jawa Barat, Jawa Tengah, Jawa Timur, Bali, Nusa Tenggara Barat, Lampung, Bengkulu dan Sumatera Utara, dan 1 (satu) bidang tanah SHP seluas 788 m2 di Jakarta serta 2 (dua) bidang tanah SHGB seluas 1.848 m2 yang terletak di Jakarta dan Jawa Barat dijadikan sebagai jaminan pada PT Bank Mandiri (Persero), Tbk. - Sebidang tanah HT, bangunan, gudang, yang terletak di Kabupaten Sidoarjo Jawa Timur dijadikan sebagai jaminan pada PT Bank BRI (Persero), Tbk.

The total fixed assets are pledged as collaterals credit facilities from banks.

-

- The Company holds the title deed to all of the buildings and land concessions presented in the statement of financial position. - All of the fixed assets except for lands are insured against the risks of fire, terrorism, sabotage and other risks on the basis a number insurance packages at the following amounts:

-

- Thirty one land sites (building concession - SHGB), buildings and facilities of 142,944 square meters located at separate areas in Jakarta, West Java, Central Java, East Java, Bali, West Nusa Tenggara, Lampung, Bengkulu, and North Sumatra and a piece of land SHP of 788 square meters in Jakarta and two pieces of lands of 1,848 square meters located in Jakarta and West Java, pledged as collaterals to PT Bank Mandiri (Persero), Tbk. - A piece of land, building, and warehouse, located at Sidoarjo District, East Java, pledged as collaterals to PT Bank BRI (Persero), Tbk.

Seluruh HGB atas tanah dan bangunan yang tercatat dalam daftar aset tetap perusahaan sudah atas nama perusahaan. Aset tetap kecuali tanah diasuransikan terhadap terhadap risiko kebakaran, terorisme, sabotase dan risiko lainnya berdasarkan beberapa paket polis asuransi, dengan nilai pertanggungan sebagai berikut: Penanggung / Insurance Company


PT Jasindo 202.223.200.15.00049 PT Jasindo 202.229.200.15.00050 PT Jasindo 202.406.200.15.00003 PT Jasindo 202.716.200.15.00011 PT Jasindo 202.404.200.15.00041 PT Asuransi Tugu Kresna Pratama 03M16011500002 PT Asuransi Wahana Tata 022.4050.202.2015.000193.00 PT Asuransi Wahana Tata 022.4050.201.2015.001186.00 PT Asuransi Wahana Tata 022.4050.501.2015.000011.00 PT Asuransi Wahana Tata 022.4050.202.2015.000196.00 PT Asuransi Wahana Tata 022.4050.201.2015.001274.00 PT Asuransi Wahana Tata 022.4050.501.2015.000012.00 PT Asuransi Himalaya Pelindung 10011514150100000

Jangka Waktu / Period of Insurance 28-9-2015 - 28-9-2016 28-9-2015 - 28-9-2016 28-9-2015 - 28-9-2016 28-10-2015 - 28-10-2016 28-9-2015 - 28-9-2016 01-01-2015 - 01-01-2016 01-11-2015 - 01-11-2016 01-11-2015 - 01-11-2016 01-11-2015 - 01-11-2016 25-11-2015 - 25-11-2016 25-11-2015 - 25-11-2016 25-11-2015 - 25-11-2016 14-01-2015 - 14-01-2016

Nilai Pertanggungan / Insurance Policy Rp. Rp. Rp. Rp. Rp. Rp. Rp. Rp. $ Rp. Rp. $ Rp.

48,448,964,000 48,448,964,000 155,000,000 1,000,000,000 3,889,849,200 16,376,351,389 90,000,000,000 90,000,000,000 1,000,000 60,000,000,000 60,000,000,000 1,000,000 6,914,688,525

Sifat hubungan Perusahaan Asuransi dengan Perseroan merupakan pihak ketiga.

The relationship of the Company with the insurance company is at arm's length.

Manajemen berpendapat bahwa nilai pertanggungan tersebut cukup untuk menutupi kemungkinan kerugian atas aset yang dipertanggungkan.

The management believes that the insurance coverage is adequate to cover all possible losses on the assets insured.

98







19.


Berdasarkan penelaahan Manajemen, tidak terdapat peristiwa atau perubahan keadaan yang mengindikasikan penurunan nilai aset tetap, sehingga Manajemen tidak melakukan penyisihan penurunan nilai aset tetap pada 31 Desember 2015, 2014 dan 2013.

Based on management's review, there are no events or changes in circumstances which indicated impairment of the carrying amount of the fixed assets. Management did not perform allowance of impairment of fixed assets as of 31 December 2015, 2014 and 2013.

Perseroan masih menggunakan Aset Tetap dengan nilai buku sebesar Rp116, dengan nilai perolehan sebesar Rp30.504.381.530 yang telah disusutkan sebesar Rp30.504.381.414.

The company still using fixed asset with book value IDR116, with cost value IDR30,504,381,530 after depreciated value IDR30,504,381,414.

Nilai pasar atas tanah dan bangunan yang dijaminkan sebesar Rp318.925.375.273

Market value of the land and building as collateral amounted IDR318,925,375,273

Aset dalam pelaksanaan per 31 Desember 2015, 2014 dan 2013 masing-masing sebesar Rp867.513.856.665,-; Rp25.159.710.695 dan Rp140.056.415.282,- saat ini dalam proses penyelesaian.

Asset under construction presented on 31 December 2015, 2014 and 2013 in amount of IDR867,513,856,865. IDR25,159,710,695. and IDR140,056,415,282 now under accomplishment.

Penilaian nilai wajar atas tanah dan bangunan yang dimiliki perseroan menggunakan penilaian yang dihitung oleh Penilai Independen KJPP Yanuar Bey & Rekan tertanggal 23 Desember 2015 adalah sebagai berikut:

Revaluation fair value of land and building owned by the company using valuation that has been calculated by independent appraisal KJPP Yanuar Bey & Partners dated 23 December 2015 are as follows:

Nilai Pasar/ Revaluasi/ Market Value/ Revaluation

Nilai Buku/ Book Value

Keuntungan Revaluasi/ Gain on Revaluation

Properti Investasi Tanah Bangunan

2,819,806,685

80,119,522,430

77,299,715,745

1

30,880,863,574

30,880,863,573

Investment Property Land Building

Sub Jumlah

2,819,806,686

111,000,386,004

108,180,579,318

Sub Total

Aset Tetap Tanah Bangunan

95,590,447,726 111,648,591,387

1,157,249,170,108 172,119,595,721

1,061,658,722,382 60,471,004,334

Fixed Assets Land Building

Sub Jumlah

207,239,039,113

1,329,368,765,829

1,122,129,726,716

Sub Total

Jumlah

210,058,845,799

1,440,369,151,833

1,230,310,306,034

Total

Pajak Penghasilan Final Revaluasi

(36,841,390,316) Final Income Tax of Revaluation

Jumlah

1,193,468,915,718

(Lihat Catatan No. 3n, 21, dan 37)

Total (See Notes No. 3n, 21 and 37)

99




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 20. ASET TIDAK BERWUJUD


20. INTANGIBLE ASSETS 31 Maret / March 2016


1,142,447,184

1,121,447,184

Aset tidak berwujud merupakan software akuntansi yang masih dalam proses pengembangan, prosentase jumlah tercatat terhadap nilai kontrak sebesar 33,48%, tidak ada hambatan dalam proses pelaksanaan.

Intangible assets is accounting software that is still in the process of development , the percentage of the carrying amount of the contract value of 33.48% , there is no obstacle in the process of implementation.

21. UTANG BANK - JANGKA PENDEK


Pihak Ketiga PT Bank DKI PT Bank BOT PT Bank DBS PT Bank CIMB Niaga Tbk PT UOB

101,999,985,000 100,000,000,000 30,176,048,960 20,589,964,039 1,663,197,240


254,429,195,239

SHORT TERM - BANK LOANS 31 Desember / December 2015 Third Parties PT Bank DKI PT Bank BOT PT Bank DBS

54,557,819,893 51,263,282,423 3,246,857,359 109,067,959,675-


624,073,578,036 250,000,000,000 204,143,151,194 142,516,895,700 20,000,000,000

646,989,651,500 205,000,000,000 205,034,737,872 40,250,690,534 50,000,000,000

Related Parties PT Bank Mandiri (Persero) Tbk PT BNI (Persero) Tbk PT BRI (Persero) Tbk PT Bank Syariah Mandiri PT Bank BTN (Persero) Tbk


1,240,733,624,930

1,147,275,079,906


Jumlah Utang Bank - Jangka Pendek a. PT Bank DKI

1,495,162,820,169

1,256,343,039,581

Total Short Term - Bank Loans

Pihak Berelasi PT Bank Mandiri (Persero) Tbk PT BNI (Persero) Tbk PT BRI (Persero) Tbk PT Bank Syariah Mandiri PT Bank BTN (Persero) Tbk

a. PT Bank DKI

PT UOB

Fasilitas kredit pada induk perusahaan - PT PP (Persero) Tbk:

Credit facilities in parent company - PT PP (Persero) Tbk:

Utang kepada PT Bank DKI merupakan pinjaman atas fasilitas Kredit Modal Kerja (KMK) Revolving dan Non Cash Loan (NCL), sesuai dengan surat PT Bank DKI No.413/GKK/V/2013 tanggal 27 Mei 2013 tentang Surat Pemberitahuan Persetujuan Kredit (SPPK) kepada PT Pembangunan Perumahan (Persero) Tbk, fasilitas tersebut telah diperpanjang dengan surat No.909/GKK/VII/2015 tanggal 06 Juli 2016 terhitung mulai 29 Mei 2015 sampai dengan 29 Mei 2016 dengan ketentuan dan syarat-syarat sebagai berikut:

The loan facility from PT Bank DKI is a Working Capital Loan Revolving, Cash and Non Cash Loan (NCL) based on the letter from PT Bank DKI No. 413/GKK/V/2013 dated 27 May 2013 on credit facility offering (SPPK), By the letter No.909/GKK/VII/2015 dated 6 July 2015 the facility was extended effective 29 May 2015 until 29 May 2016. under the following terms and conditions:

100




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 21. UTANG BANK - JANGKA PENDEK (lanjutan)

21.

a. PT Bank DKI

1) Working Capital Facility - Transactional -Credit Limit = IDR125,000,000,000. -Purpose of Use = Additional working capital to work government and Private Project.

= 10% per tahun.

-Interest rate

2) Fasilitas Kredit Modal Kerja (KMK) - PRK - Limit Kredit = Rp175.000.000.000,-. - Tujuan Penggunaan = Kebutuhan Operasional Perusahaan. - Tingkat Bunga

SHORT TERM - BANK LOANS (continued) a. PT Bank DKI

1) Fasilitas KMK - Transaksional - Limit Kredit = Rp125.000.000.000,-. - Tujuan = Tambahan modal kerja untuk Penggunaan mengerjakan proyek-proyek APBN, APBD dan Swasta. - Tingkat Bunga


2) Working Capital Facility - PRK -Credit Limit = IDR175,000,000,000. -Purpose of Use = Operational needs Company.

= 10% per tahun.

3) Fasilitas LC & SKBDN - Limit Kredit = - Jenis Bank = Garansi - Provisi =

= 10% p.a.

-Interest rate

of

the

= 10% p.a.

3) LC & SKBDN Facility -Credit Limit = IDR100,000,000,000. -Type of Bank = Procurement projects . Guarantee -Provision = 0.30% p.q (of nominal L/C) plus the cost of telex/SWIFT does not include confirming the fee if any.

Rp100.000.000.000,-. Pengadaan barang proyekproyek. 0,30% p.q (dari nominal L/C) ditambah biaya telex/SWIFT belum termasuk confirming fee bila ada.

Fasilitas kredit pada entitas anak - PT PP Pracetak : Utang Bank Jangka Pendek kepada Bank DKI sesuai Surat No.370/GKK/V/2014 tanggal 5 Mei 2014 perihal Perjanjian Kredit Modal Kerja. Fasilitas tersebut telah diperpanjang dan terakhir dengan surat No. 897/GKK/VII/2015 tanggal 1 Juli 2015 terhitung mulai 29 Mei 2015 sampai dengan 29 Mei 2016, dengan ketentuan dan syarat-syarat sebagai berikut:

Credit facility in subsidiary - PT PP Pracetak : Short-Term Bank Debt to Capital City Bank in accordance Letter 370 / GKK / V / 2014 dated May 5, 2014 Working Capital Loan Agreement subject to the following requirements. The facility is extendable and the latest was with the letter No. 897/GKK/VII/2015 dated 1 July 2015 the facility was extended effective 29 May 2015 until 29 May 2016, under the following terms and condition:

1) Fasilitas KMK - Transaksional - Limit Kredit = Rp28.000.000.000,-. - Tujuan = Tambahan modal kerja untuk Penggunaan mengerjakan proyek-proyek APBN, APBD dan Swasta.


- Tingkat Bunga

= 11,75% per tahun.

-Interest rate

101

= 11,75% p.a.







21.

a. PT Bank DKI

a. PT Bank DKI

2) Fasilitas Kredit Modal Kerja (KMK) - PRK - Limit Kredit = Rp2.000.000.000,-. - Tujuan = Tambahan modal kerja untuk Penggunaan mengerjakan proyek-proyek APBN, APBD dan Swasta. - Tingkat Bunga

SHORT TERM - BANK LOANS (continued)

2) Working Capital Facility - PRK -Credit Limit = IDR2,000,000,000. -Purpose of Use = Additional working capital to work government and Private Project.

= 11,75% per tahun.

-Interest rate

3) Fasilitas Bank Garansi - Limit Kredit = Rp20.000.000.000,-. - Jenis Bank = Bank Garansi Tender, Uang Garansi Muka, Pelaksanakan Pekerjaan, Pemeliharaan, dan Pembayaran. - Provisi = a. Bank Garansi Tender 0,25% per triwulanan.

= 11,75% p.a.

3) Bank Guarantee Facility -Credit Limit = IDR20,000,000,000. -Type of Bank = Tender Bond, Advance Bond, Guarantee Performance Bond, Retention Bond, Payment Bond. -Provision

= a. Tender Bond quarterly.

0.25%

per

0.5%

per

b. Bank Garansi Uang Muka 0,5% per triwulanan.

b. Advance quartely.

c. Bank Garansi Pelaksanaan Pekerjaan 0,5% per triwulanan. d. Bank Garansi Pembayaran

c. Performance Bond 0.5% per quartely.

0,5% per triwulanan. e. Bank Garansi Pemeliharaan 0,5% per triwulanan. Jaminan atas fasilitas-fasilitas yang diberikan oleh PT Bank DKI adalah sebagai berikut:

Bond

d. Retention quartely.

Bond

0.5% per

e. Payment quartely.

Bond

0.5%

per

Collateral for the facilities provided by PT Bank DKI is as follows:

- Tagihan proyek yang diikat secara fidusia dan cessie. - Deposito sebesar Rp5.000.000.000,-. b. PT Bank BOT

- Bills projects tied fiduciary and cessie. - Deposits amount IDR5,000,000,000. b. PT Bank BOT



Sesuai dengan akta no.16-0137LN tanggal 22 Maret 2016 perihal perjanjian kredit modal kerja dengan persyaratan sebagai berikut:

In accordance with no.16-0137LN deed dated 22 March 2016 concerning working capital credit agreement with the following requirements :

-

Plafon Pinjaman Masa Pinjaman Tingkat Margin Jaminan

= = = =

Rp 500.000.000.000,1 tahun 1,85% Piutang Usaha

-

102

The Loan Ceiling Period Loans Margin Rate Guarantee

= = = =

IDR 500,000,000,000 1 year 1,85% Account Receivables







21.

c. PT Bank DBS

c. PT Bank DBS Adalah utang bank atas Entitas Anak PT PP Pracetak, sesuai akta no.13 tanggal 10 Juli 2014 perihal perjanjian kredit modal kerja dengan persyaratan sebagai berikut: -

Plafon Pinjaman Masa Pinjaman Tingkat Bunga Jaminan


= = = =

The bank debt on Subsidiary PT PP Precast, according deed no.13 dated July 10, 2014 concerning the working capital loan agreement with the following requirements:

Rp 100.000.000.000,1 tahun 11,56% Pengikat jaminan sesuai dengan akta no.13 tentang pengikat secara cessie, jaminan perusahaan.

-

d. Bank UOB Adalah utang bank atas Entitas Anak PT PP Peralatan. Pinjaman pada Bank UOB merupakan pinjaman investasi, dengan tingkat bunga efektif 11% per tahun, jangka waktu 60 bulan, dengan jaminan aset bekisting dan kolom service senilai Rp12.615.563.463,61, satu cranes senilai Rp3.817.489.030, serta primary dan secondary speed senilai Rp7.561.213.143.

The Loan Ceiling Period Loans Interest Rate Guarantee

= = = =

IDR 100,000,000,000 1 year 11,56% The binder according to the deed guarantees about the binder cessie no.13, assurance companies.

d Bank UOB Is Loan for subsidiary company PT PP Peralatan. The loan from Bank UOB is a investment loan with an interest rate of 11% per annum, for 60 months, the collateral to the loan is bekisting and colom service assets amounted to IDR12,615,563,463.61, a cranes amounted IDR3,817,489,030, and primary and secondary speed amounted IDR7,561,213,143. e. PT Bank Mandiri (Persero) Tbk

e. PT Bank Mandiri (Persero) Tbk Fasilitas kredit pada induk perusahaan - PT PP (Persero) Tbk:


Utang kepada PT Bank Mandiri (Persero) Tbk merupakan pinjaman atas fasilitas Kredit Modal Kerja (KMK) Revolving, Cash Loan, dan Non Cash Loan (NCL), sesuai dengan akte perjanjian modal kerja No.33 tanggal 16 Mei 2000 notaris Raharti Sudjardjati SH dan surat PT Bank Mandiri (Persero) Tbk No.CBG.ONE/45/2005 tentang surat Penawaran Pemberian Kredit kepada PT Pembangunan Perumahan (Persero) untuk perpanjangan masa fasilitas kredit modal kerja, tambahan plafon fasilitas non cash loan dan izin penerbitan medium term notes. Fasilitas tersebut dapat diperpanjang dan terakhir dengan Surat PT Bank Mandiri (Persero) Tbk No.TOP.CRO/CLA.086, 283, 284 & 285/ADD/2015 tanggal 13 Mei 2015, terhadap fasilitas tersebut diatas dilakukan perpanjangan sampai dengan tanggal 15 Mei 2016.

The loan facility from PT Mandiri Bank (Persero) Tbk is a working Capital Loan - Revolving, Cash and Non Cash Loan (NCL) under the deed No.33 dated 16 May 2000 of the notary Raharti Sudjardjati SH and the letter from PT Bank Mandiri (Persero) Tbk No.CBG.ONE/45/2005 on credit offer to the Company for extension of the working capital loan facility period, non cash loan additional facility and permit for issuance medium term notes. The facility is extendable and the latest was with the letter from PT Bank Mandiri (Persero) Tbk No.TOP.CRO/CLA.086, 283, 284 & 285/ADD/2015 date 13 May 2015, the facility was temporary extended until 15 May 2016.

1) Fasilitas Kredit Modal Kerja (KMK) - Revolving - Limit Kredit = Rp100.000.000.000,-. - Tujuan = Pembiayaan modal kerja Penggunaan usaha jasa-jasa konstruksi dan properti.

1 Working Capital Loan Facility - Revolving ) -Credit Limit = IDR100,000,000,000. -Purpose of Use = Working capital of construction and property business activitie.

103





21.

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) SHORT TERM - BANK LOANS (continued)

- Tingkat Bunga

= 10% per tahun, dibayar efektif setiap bulan dan dapat berubah sesuai ketentuan yang berlaku di PT Bank Mandiri (Persero) Tbk.

-Interest Rate

= 10% per annum, payable effectively monthly and is adjustable in conformity with the prevailing regulations.

- Jaminan

= Non Aset Tetap: - Piutang Usaha. - Persediaan bahan - bangunan. Omzet kontrak proyek diikat secara cessie.

-Guarantee

= Non Fixed Asset: - Account Receivable - Trade. - Inventories of building material. - Projects revenues bounded cessie.

- Surat Deposito Berjangka senilai Rp15.200.000.000,diikat secara gadai.

- Time Deposits amounted to IDR15,200,000,000 bounded by fiduciary.

Aset Tetap: - 37 (tiga puluh tujuh) bidang tanah berikut bangunan.

Fixed Asset: - 37 (thirty seven) pieces of land and buildings thereon.

e. PT Bank Mandiri (Persero) Tbk


2) Fasilitas KMK - Transaksional - Limit Kredit = Rp1.500.000.000.000,-. - Tujuan Penggunaan= Tambahan modal kerja. - Tingkat Bunga = 9,78% per tahun, dibayar efektif setiap bulan dan dapat berubah sesuai ketentuan yang berlaku di PT Bank Mandiri (Persero) Tbk. - Jaminan

2 Working Capital Facility - Transactional ) -Credit Limit = IDR1,500,000,000,000. -Purpose of Use = Additional working capital. -Interest Rate = 9.78% per annum, payable effectively monthly and is adjustable in conformity with the prevailing regulations.

= Non Aset Tetap: - Tagihan / piutang proyek yang dibiayai dengan fasilitas KMK Transaksional (piutang tersebut juga untuk menjamin fasilitas KMK Revolving dan NCL). Aset Tetap: - Dikaitkan dengan jaminan fasilitas KMK Revolving dan NCL.

-Guarantee

104

= Non Fixed Asset: - Receivables from projects funded with the transactional working capital loan facility (the receivables are also for guarantee of Working Capital Loan (KMK) Revolving and NCL). Fixed Asset: - Related to revolving working capital loan facility (KMK) and NCL.





21.

3) Fasilitas KMK - Subkontraktor - Limit Kredit = Rp100.000.000.000,-. - Tujuan = Plafond pembiayaan atas Penggunaan tagihan Subkontraktor kepada PT PP (Persero), Tbk yang dikelola Commercial Banking dan pembiayaan atas tagihan SCF. - Tingkat Bunga = 10% per tahun, dibayar efektif setiap bulan dan dapat berubah sesuai ketentuan yang berlaku di PT Bank Mandiri (Persero) Tbk. - Jaminan

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) SHORT TERM - BANK LOANS (continued) 3 Working Capital Loan Facility- Subcontractor ). -Credit Limit = IDR100,000,000,000. -Purpose of Use = Funding ceiling upon payable of subcontractors by PT PP (Persero), Tbk which is managed by Commercial Banking and for SCF funding.

= Dikaitkan dengan agunan fasilitas kredit PT PP (Persero), Tbk di Bank Mandiri lainnya.


-Interest Rate


-Guarantee

= The collateral is related to the Company's credit facility collaterals to other offices of Bank Mandiri.


4) Fasilitas Non Cash Loan (NCL) . - Limit Kredit = Rp7.000.000.000.000,-. - Tujuan = a. Bank Garansi. Penggunaan Jaminan penawaran, pelaksanaan, uang muka, pemeliharaan,pembayaran, counter guarantee, penangguhan bea masuk.

4 Non Cash Loan Facility ) -Credit Limit = IDR7,000,000,000,000. -Purpose of Use = a Bank Guarantee. . Bid Bond, Performance Bond, Advance Bond, , Retention Bond, Payment Bond, Counter Guarantee and Custom Bond.

b. LC/SKBDN. c. Switchable untuk penerbitan BG dan LC/SKBDN. Total outstanding SKBDN/LC termasuk akseptasi maksimal sebesar Rp2.600 miliar dengan sublimit TR sebesar Rp780 miliar. = Dikaitkan dengan agunan fasilitas kredit PT PP (Persero), Tbk di Bank Mandiri lainnya.

b LC/SKBDN. . Switchable for publishing BG and LC / SKBDN. Total outstanding SKBDN / LC including acceptances maximum of IDR2,600 billion by sublimit TR IDR780 billion.

- Jaminan

-Guarantee

105






21.

5) Fasilitas Treasury Line - Limit Kredit = USD31.500.000,-. - Tujuan = Untuk transaksi treasury Penggunaan dalam rangka membayar/ melunasi kewajiban LC Impor / SKBDN yang akan jatuh tempo. - Jaminan

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) SHORT TERM - BANK LOANS (continued) 5 Treasury Line Facility ) -Credit Limit = USD31,500,000. -Purpose of Use = For treasury transactions in order to pay / settle the LC obligation Import / SKBDN maturing.

= Terkait dengan fasilitas KMK dan atas jaminan tersebut berlaku cross collateral dan cross default dengan seluruh fasilitas yang ada.

-Guarantee

= Related with Working Capital Loan Facilities and based on the guarantee is valid cross collateral and cross default with all existing facilities.

Fasilitas kredit pada entitas anak - PT PP Peralatan :

Credit facility in subsidiary - PT PP Peralatan:

Pada tahun 2008 perusahaan mendapat fasilitas kredit sebesar Rp450.000.000 dari Bank Mandiri dengan perjanjian kredit No. SBDC.Desk.JPR/0039/2014 tanggal 1 Juni 2014 dengan tingkat bunga 1,5% p.a floating rate diatas suku bunga deposito yang dijaminkan, jatuh tempo pinjaman ini adalah bulan September 2015 hingga per 31 Desember 2015 menyisakan saldo kredit sebesar Rp 0,-.

In 2008 the company received a credit facility from Bank Mandiri amounting IDR450,000,000 the credit agreement No. SBDC.Desk.JPR / 0039/2014 dated June 1, 2014 with an interest rate of 1.5% pa interest rate on floating rate deposits as collateral, these loans are maturing in September 2015 so that by 31 December 2015, leaving a credit balance of IDR 0.



Fasilitas kredit pada entitas anak - PT PP Pracetak

Credit facility in subsidiary - PT PP Pracetak

Utang kepada Bank Mandiri sesuai dengan Akta No. 29 tanggal 12 Juni 2015 perihal Perjanjian Kredit Modal Kerja, dengan ketentuan dan syarat-syarat sebagai berikut:

A short term bank loans from Mandiri Bank in accordance with deed number 29 dated June12, 2015 on Working Capital Loan Agreement Subject under the following terms and conditions:

-

Limit Kredit Masa Pinjaman Tingkat Bunga Jaminan

= = = =

Rp. 20.000.000.000,1 tahun 10,25% Pengikatan jaminan sesuai Akta No. 29 tentang pengikatan secara cessie

-Credit Limit -Loan Period -Rate of Interest -Guarantee

106

= = = =

IDR20,000,000,000. 1 Year 10,25% As set out in the Deed Number 29, the company guarantee.





21.

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) SHORT TERM - BANK LOANS (continued) f. PT Bank Negara Indonesia (Persero) Tbk

f. PT Bank Negara Indonesia (Persero) Tbk Fasilitas kredit pada induk perusahaan - PT PP (Persero) Tbk:


Utang kepada PT Bank Negara Indonesia (Persero) Tbk merupakan pinjaman atas fasilitas Kredit Modal Kerja (KMK) Revolving, KMK Line Transaksional dan Fasilitas Non Cash Loan sesuai dengan surat Penawaran Fasilitas Kredit No.BIN/2.1/040/R tanggal 26 April 2012. Jangka waktu terhitung mulai tanggal 08 Juni 2011 sampai dengan tanggal 07 Juni 2012. Fasilitas kredit tersebut telah diperpanjang terakhir dengan surat No.BIN/2.2/070/R tanggal 06 Mei 2015 terhitung mulai tanggal 08 September 2015 sampai dengan 07 Juni 2016, dengan ketentuan dan syarat-syarat sebagai berikut:

The loan from PT Bank Negara Indonesian Tbk is a Revolving Working Capital Loan facility, WCL Line transactional and Non Cash Loan Facility based on the offering letter of PT Bank Negara Indonesia Tbk No.BIN/2.1/040/R dated 26 April 2012. Time Period is from 08 June 2011 and due date 07 June 2012. in reference to the letter No.BIN/2.2/070/R dated 06 May 2015. The loan facility was extended effective 08 September 2015 up to 07 June 2016 with the following conditions:

1. Kredit Modal Kerja (KMK Line) - Limit Kredit = Rp650.000.000.000,-. - Tujuan = Tambahan Modal Kerja proyekPenggunaan proyek yang telah dan akan dimenangkan.

1 Working Capital Loan Line . -Credit Limit = IDR650,000,000,000. -Purpose of Use = Additional working capital on awarded and to be awarded projects.

- Tingkat Bunga

= 9,80% per tahun, tarif bunga tersebut dapat berubah sesuai ketentuan yang berlaku di PT Bank Negara Indonesia (Persero) Tbk.

-Interest Rate

= 9.80% p.a, the interest rates is adjustable in conformity with the prevailing regulations.

- Jaminan

= Tagihan termin atas proyekproyek yang dibiayai dengan fasilitas kredit ini diikat secara cessie.

-Guarantee

= The bill terms of the projects financed under the credit facility is tied cessie

2. Kredit Modal Kerja R/C Terbatas - Limit Kredit = Rp100.000.000.000,-. - Tujuan = Tambahan Modal Kerja proyekPenggunaan proyek yang telah dan akan dimenangkan. - Tingkat Bunga

- Jaminan

2 Working Capital Loan R/C Limited . -Credit Limit = IDR100,000,000,000. -Purpose of Use = Additional working capital on awarded and to be awarded projects.

= 10% per tahun, tarif bunga tersebut dapat berubah sesuai ketentuan yang berlaku di PT Bank Negara Indonesia (Persero) Tbk. = Piutang termin atas proyek yang tidak dibiayai dengan menggunakan fasilitas plafond KMK.

107

-Interest Rate

= 10% p.a, the interest rates is adjustable in conformity with the prevailing regulations.

-Guarantee

= Receivables from projects which is not funded by WCL plafond facility.




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 21. UTANG BANK - JANGKA PENDEK (lanjutan) 3. Non Cash Loan - Limit Kredit - Tujuan Penggunaan

21.

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) SHORT TERM - BANK LOANS (continued) 3 Non Cash Loan . -Credit Limit -Purpose of Use

= Rp3.200.000.000.000,-. = a. Garansi Bank / SBLC. Untuk keperluan penjaminan tender / uang muka / pelaksanaan / pemeliharaan / pembayaran proyekb. SKBDN / LC. Pembelian barang kebutuhan proyek.

b. SKBDN / LC. Purchase of goods needs of the project.

c. Fasilitas Trust Receipt (T/R). Untuk menampung pembayaran kewajiban yang timbul atas LC / SKBDN yang dibuka secara sight atau usance. 4. Forex Line USD - Limit Kredit - Tujuan Penggunaan

= IDR3,200,000,000,000. = a. Bank Guarantee / SBLC. For the purposes of the tender guarantee / advance / performance / retention / payment projects.

c. Trust Receipt Facility (T/R). To accommodate the payment payable arising from the LC / SKBDN opened sight or extending usance. 4 Forex Line USD . -Credit Limit -Purpose of Use

= USD100,000,000. = Lindung Nilai (Hedging) yang tidak untuk tujuan spekulasi.

g. PT Bank Rakyat Indonesia (Persero) Tbk Fasilitas kredit pada induk perusahaan - PT PP (Persero) Tbk:

= USD100,000,000. = Hedging are not for speculative purposes.

g PT Bank Rakyat Indonesia (Persero) Tbk . Credit facilities in parent company - PT PP (Persero) Tbk:

Utang pada PT BRI (Persero), Tbk merupakan utang atas KMK R/K, KMK Konstruksi, NCL dan PJI sesuai akta perjanjian kredit nomor 02 tanggal 7 Juli 2006 yang dibuat di hadapan Emi Susilowati, SH, notaris di Jakarta. Fasilitas tersebut dapat diperpanjang, terakhir sesuai surat nomor R.II.188-ADK/DKR-2/06/2015 tanggal 26 Juni 2015 terhitung mulai tanggal 7 Juni 2015 sampai dengan 07 Juni 2016, dengan ketentuan sebagai berikut :

The loan from PT BRI (Persero), Tbk is a working capital loan (WCL) and construction WCL, NCL and PJI under the deed No.02 dated 7 July 2006 of the notary Emi Susilowati SH in Jakarta. The facility is extendable, the latest was by the letter R.II.188-ADK/DKR-2/06/2015 dated 26 June 2015. The loan facility was extended effective 7 June 2015 up to 7 June 2016 with the following details:

1. Kredit Modal Kerja (KMK R/K) - Limit Kredit = Rp100.000.000.000,-. Tujuan Penggunaan = Modal Kerja Operasional. - Tingkat Bunga = 9,5% per tahun, tarif bunga tersebut dapat berubah sesuai ketentuan yang berlaku di PT Bank Rakyat Indonesia (Persero) Tbk.

1 Working Capital Loan Line . -Credit Limit = IDR100,000,000,000. -Purpose of Use = Operational Working Capital. -Interest Rate = 9,5% p.a, the interest rates is adjustable in conformity with the prevailing regulations.

108




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 21. UTANG BANK - JANGKA PENDEK (lanjutan) - Jaminan

21.

= - Piutang usaha senilai Rp300.000.000.000,- yang diikat secara fidusia.

= - Trade receivables amounting IDR300,000,000,000 bound of fiduciary.

- Piutang usaha senilai Rp3.720.000.000.000,yang diikat secara cessie.

- Trade receivables amounting IDR3,720,.000,000,000 bound of cessie.

- Tanah dan bangunan di Jl. Lingkar Timur Desa Kemiri, Kec. Sidoarjo HT I No.3189/2006 dan HT II No.6699/2009.

- Land and building on Jl. Linhkar Timur, Kemiri, Sidoarjo HT I No.3189 / 2006 and HT II No.6699 / 2009.

- Deposito sebesar Rp15.000.000.000,-.

- Deposits IDR15,000,000,000.

amount

2 Working Capital Loan Line . -Credit Limit = IDR300,000,000,000. -Purpose of Use = Working Capital Projects. -Interest Rate = 9,5% p.a, the interest rates is adjustable in conformity with the prevailing regulations.

= Terkait dengan fasilitas KMK.

-Guarantee

g. PT Bank Rakyat Indonesia (Persero) Tbk Fasilitas kredit pada induk perusahaan - PT PP (Persero) Tbk: 3. Bank Garansi - Limit Kredit - Tujuan Penggunaan

SHORT TERM - BANK LOANS (continued) -Guarantee

2. Kredit Modal Kerja (KMK Konstruksi) - Limit Kredit = Rp300.000.000.000,-. - Tujuan Penggunaan= Modal Kerja Proyek. - Tingkat Bunga = 9,5% per tahun, tarif bunga tersebut dapat berubah sesuai ketentuan yang berlaku di PT Bank Rakyat Indonesia (Persero) Tbk. - Jaminan


= Associated with Working Capital Loan facility. g PT Bank Rakyat Indonesia (Persero) Tbk . Credit facilities in parent company - PT PP (Persero) Tbk:

= Rp2.800.000.000.000,-. = Penerbitan jaminan tender, uang muka, jaminan pelaksanaan dan pemeliharaan.

3 Bank Guarantee (BG) . -Credit Limit = IDR2,800,000,000,000. -Purpose of Use = Bidding guarantee, advance payment guarantee, and working performance and maintenance guarantee.

4. Kredit Modal Kerja Impor (KMKI) - Limit Kredit = Rp1.300.000.000.000,-. - Tujuan = Untuk membackup fasilitas PJI Penggunaan dan menampung LC/SKBDN yang telah jatuh tempo.

4 Working Capital Loan Impor . -Credit Limit = IDR1,300,000,000,000. -Purpose of Use = For Backup the ISP facilities and accommodate LC / SKBDN that has matured.

- Tingkat Bunga

= 9,5% per tahun, tarif bunga tersebut dapat berubah sesuai ketentuan yang berlaku di PT Bank Rakyat Indonesia (Persero) Tbk.

-Interest Rate

109

= 9,5% p.a, the interest rates is adjustable in conformity with the prevailing regulations.





21.


5. PJI (LC/SKBDN) - Limit Kredit = Rp1.170.000.000.000,-. - Tujuan Penggunaan= Untuk pembelian barang. - Biaya Akseptasi = 0,125% per 180 hari, minimal USD25.

5 PJI (LC/SKBDN) . -Credit Limit -Purpose of Use -Interest Rate

Fasilitas kredit pada entitas anak - PT PP Peralatan:


Adalah Pinjaman modal kerja dari BRI Kanwil Jakarta 2 dengan plafon pinjaman sebesar Rp20.709.001.416,dengan tingkat bunga 11% pertahun dengan jatuh tempo 27 Juni 2015 dengan jaminan SPK yang dikeluarkan dan di setujui oleh PT PP (Persero) Tbk dan jaminan tambahan pembayaran termin atas proyek yang dibiayai, dan Pimjaman pada KMK BRI Cibubur revolving sebesar Rp2.000.000.000,- dengan tingkat bunga 11% pertahun dengan jaminan tanah seluas 5.043 m2, SHGB No.20015 di Sudiang Makasar atas nama YKKPP jatuh tempo pada Juni 2016.

Is working capital loan from BRI Jakarta Regional Office 2 with a loan ceiling of IDR20,709,001,416 with an interest rate of 11% pa with a maturity of 27 June 2015 with the assurance SPK issued and approved by PT PP (Persero) Tbk and additional guarantees payment terms on projects funded, and the KMK BRI Pimjaman revolving Cibubur of IDR2,000,000,000, - with an interest rate of 11% pa with guarantees of land area of 5,043 m2, HGB Sudiang No.20015 in Napier on behalf YKKPP maturing in June 2016.

h. PT Bank Syariah Mandiri Fasilitas kredit pada induk perusahaan - PT PP (Persero) Tbk:

= IDR1,170,000,000,000. = For the purchase of goods. = 0.125% per 180 days, a minimum of $25.

h PT Bank Syariah Mandiri . Credit facilities in parent company - PT PP (Persero) Tbk:

Fasilitas dari PT Bank Syariah Mandiri berupa fasilitas pembiayaan modal kerja proyek dan fasilitas pembiayaan modal kerja subkontraktor/supplier/mandor, sesuai dengan surat Penegasan Persetujuan Perpanjangan dan Peningkatan Limit pembiayaan Bank Syariah Mandiri No.16/070-3/SP3/CRD tanggal 9 Mei 2014 terhitung mulai 02 Juli 2014 sampai dengan 01 Juli 2016.

Facility from PT Bank Syariah Mandiri is working capital financing facility projects and working capital financing facilities subcontractors / suppliers / foreman, according to the letter of affirmation of Approval Extension and Improvement of financing Limit Bank Syariah Mandiri No.16 / 070-3 / SP3 / CRD dated 9 May 2014 starting from July 2, 2014 until July 1, 2016.

1) Pembiayaan Modal Kerja Proyek - Limit Kredit = Rp250.000.000.000,- Jenis Pembiayaan= Waad/Line Facility switchable seluruh skim (murabahah, musyarakah, hawalah, kafalah, wakalah)

1) Working Capital Financing Project -Credit Limit = IDR250,000,000,000 -Type of Financing = Waad/Line Facility switchable entire skim (murabahah, musyarakah, hawalah, kafalah, wakalah)

- Jaminan

= Piutang usaha Rp250.000.000.000,diikat secara fidusia.

senilai yang

-Guarantee

2) Pembiayaan Modal Kerja Subkontraktor/Supplier/Mandor - Limit Kredit = Rp300.000.000.000,- Jenis Pembiayaan= Line Facility (Al-Musyarakah) - Jaminan = Tagihan efektif yang telah diendors.

= Trade receivables worth IDR250,000,000,000 that are bounded in fiduciary.

2) Working Capital Financing Subcontractor/Supplier/Foreman -Credit Limit = IDR300,000,000,000 -Type of Financing = Line Facility (Al-Musyarakah) -Guarantee = Effective bill that has been inendors.

110





21.


Fasilitas dari PT Bank Syariah Mandiri berupa pembiayaan Al Musyarakah dengan limit Rp80.000.000.000 (delapan puluh milyar rupiah), sesuai dengan surat Penegasan Persetujuan Pembiayaan Bank Syariah Mandiri No.16/400-3/SP/CRD tanggal 17 September 2014, nisbah bagi hasil dicadangkan di muka selama pembiayaan.

The funding facility from PT Bank Syariah Mandiri is a Al Musyarakah facility of maximum IDR80,000,000,000 (eighty billions Rupiah), based in the loan agreement No.16/4003/SP/CRD dated 17 September 2014, nisbah profit sharing is reserved in advance during financing.

Fasilitas kredit pada entitas anak - PT PP Peralatan: Pinjaman ini merupakan pinjaman dengan jenis pembiayaan Almurobahah dengan ekspektasi rate mulai bulan ke 4, tingkat bunga 10%-15% termasuk jasa p.a effective, jatuh tempo pinjaman tanggal 28 Nopember 2016, dengan jaminan seluruh aset jenis scaffolding dan pch.

Credit facilities in subsidiary - PT PP Peralatan: This loan is a loan with this type of financing Almurobahah with rate expectations started 4 months, interest tungkat 10% 15% effective pa including services, loan maturity date of 28 November 2016, with the guarantee of all assets types of scaffolding and pch.

Fasilitas kredit pada entitas anak - PT PP Pracetak Utang kepada Bank Syariah Mandiri sesuai dengan Perjanjian Kredit No. 17/034/CBI-FOG/III/2015/MSYRPDB tanggal 27 Maret 2015, dengan ketentuan sebagai berikut: - Limit Kredit = Rp. 10.000.000.000,- Masa Pinjaman = 1 tahun - Tingkat Bunga = 10,25% diatas bunga deposito - Jaminan = Piutang penjualan tiang pancang i. PT Bank BTN

Credit facilities in subsidiary - PT PP Pracetak A short term bank loans from Bank Syariah Mandiri in accordance with Agreement Number 17/034/CBIFOG/III/2015/MSYR-PDB dated 27 March 2015 under the following provisions: -Credit Limit = IDR10,000,000,000. -Loan Period = 1 Year -Rate of Interest = 10,25% above the deposit rate -Guarantee = Receivables from pile manufacturing sales i. PT Bank BTN

Adalah utang bank atas Entitas Anak PT PP Pracetak, sesuai dengan surat perjanjian kredit No.32 tanggal 14 Mei 2012, dirubah dengan akta No.2, Notaris H. Bambang Suprianto, S.H. tanggal 1 Agustus 2013 perihal perjanjian kredit modal kerja. Akta terakhir No.77, notaris H. Bambang Suprianto, S.H., Sp.N., M.H. tanggal 11 September 2015 dengan ketentuan sebagai berikut:

Is the bank debt on Subsidiary PT PP Pracetak, according to the letter of credit agreement No.32 dated 14 May 2012, is amended by deed No.2, Notary H. Bambang Suprianto, SH dated 1 August 2013 regarding working capital loan agreement. The last is No.77, notary H. Bambang Suprianto, SH, Sp.N., MH 11 September 2015, with the following provisions:

- Limit Kredit - Cash Loan - Non Cash Loan - Masa Pinjaman - Tingkat Bunga - Jaminan

- Credit Limit -Cash Loan -Non Cash Loan - Loan period - Interest Rate - Guarantee

= = = = =

Rp50.000.000.000 Rp50.000.000.000 1 Tahun 12% Tagihan perusahaan yang diikat secara cessie, jaminan perusahaan.

(Lihat Catatan No. 3e, 5, 6, 10, 19, 20 dan 45)

= = = =

IDR50.000.000.000 IDR50.000.000.000 1 Year 12% Company bills under cessie, company guarantee.

(See Notes No.3e, 5, 6, 10, 19, 20 and 45)

111




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 22. UTANG NON BANK


Pihak Berelasi Lembaga Pembiayaan Ekspor Indonesia Jumlah Utang Non Bank

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) NON BANK LOANS


678,484,103,585

401,594,722,960

678,484,103,585

401,594,722,960

Utang kepada LPEI/ Indonesia Exim Bank (IEB) merupakan pinjaman atas fasilitas KMKE Transaksional dan Non Cash Loan (NCL), sesuai dengan surat No.PBD/SP3/55/2013 tanggal 11 Juli 2013 tentang surat Persetujuan Pengefektifan Fasilitas Pembiayaan Kredit Modal Kerja Ekspor (KMKE) kepada PT Pembangunan Perumahan (Persero) Tbk. Atas fasilitas tersebut telah diperpanjang berdasarkan nomor surat No.PBD/SP3/11/2015 tanggal 25 Pebruari 2015 sampai dengan 26 Maret 2016.

Related Parties Short-Term Lembaga Pembiayaan Ekspor Indonesia Total Non Bank Loans

The loan facility from LPEI/ Indonesia Exim Bank (IEB) is a KMKE Transactional and Non Cash Loan (NCL), under a letter dated July 11, 2013 No.PBD/SP3/55/2013 about Approval improve the effectiveness of the Credit Facility Financing Export Working Capital (KMKE) PT Pembangunan Perumahan (Persero) Tbk. The facility has been extended by a number No.PBD/SP3/11/2015 letter dated February 25, 2015 until 26 March 2016.

22. UTANG NON BANK (lanjutan)

22.

1) Fasilitas Kredit Modal Kerja Ekspor (KMKE) dan NCL

NON BANK LOANS (continued) 1) Export Working Capital (KMKE) and Non Cash Loan Facility

Tujuan penggunaannya untuk pembiayaan modal kerja ekspor proyek luar negeri yang terkait / menunjang perdagangan internasional (ekspor) dengan limit Rp 2.000.000.000.000 (Dua Trilyun Rupiah), suku bunga 9,50% per tahun dibayar efektif setiap bulan dan dapat berubah sesuai ketentuan yang berlaku.

The purposes of the facility is for export working capital financing overseas projects related / supporting international trade (exports) with a limit of IDR 2,000,000,000,000 (two trillion rupiahs), interest rate of 9.50% per annum, payable effectively monthly and is adjustable in conformity with the prevailing regulations.

Agunan atas fasilitas kredit tersebut adalah sebagai berikut: - Piutang atas kontrak yang dibiayai dan atau dijamin

The collaterals to the credit facility are: - Receivables and contract financed or guaranteed by LPEI

oleh LPEI minimal sebesar 125% dari total plafon. - Untuk setiap pencairan, Debitur harus melakukan pengikatan jaminan piutang atas proyek yang dibiayai, dimana daftar piutang yang dijaminkan harus dilakukan pembaharuan sesuai dengan proyek yang dibiayai selanjutnya didaftarkan fidusia.

minimum of 125% of the total ceiling. - For each disbursement, the Borrower shall perform binding assurance of projects financed receivables, where the list of accounts receivable as collateral must be done in accordance with the renewal project funded fiduciary subsequently registered.

112




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 22. UTANG NON BANK (lanjutan)

22.

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) NON BANK LOANS (continued)

Fasilitas kredit pada entitas anak - PT PP Pracetak:

Credit facility in subsidiary - PT PP Pracetak:

Pinjaman pembiayaan modal kerja ekspor dari LPEI, sesuai dengan akta Perjanjian Kredit Modal Kerja Ekspor No.15 tanggal 16 April 2013 dan No.8 tanggal 14 April 2014 notaris Ashoya Ratam S.H., M.kn.

Export working capital loan of LPEI, in accordance with the deed of Export Working Capital Loan Agreement No.15 dated 16 April 2013 and No.8 dated 14 April 2014, Ashoya Ratam SH notary, M.Kn.

Fasilitas tersebut telah diperpanjang dengan surat perjanjian No. PDB/SP3/23/2015 tanggal 13 April 2015 dengan ketentuan sebagai berikut:

The facilities have been extended by agreement letter Number PDB/SP3/23/2015 dated 13 April 2015 with the following provisions:

1. Fasilitas Kredit Modal Kerja Expor Untuk pembangunan tiang pancang yang terkait infrastruktur pendukung ekspor. Dengan plafon Rp10.000.000.000 (sepuluh milyar rupiah) jangka waktu 12 bulan dengan tingkat bunga 10,75%.

1 Export Working Capital Facility For construction of pile ralated with infrastructure supporting for export. With plafond IDR10,000,000,000 (ten billion rupiahs) 12 months with interest rate 10,75%.

Jaminan atas fasilitas kredit tersebut adalah sebagai berikut: - Piutang proyek Kalibaru - Bangunan Pabrik Tiang pancang, mesin dan peralatan pabrik tiang pancang yang berlokasi di Desa Margasari Kecamatan Pulau Ampel - Kabupaten Persediaan Serang bahanBanten. baku dan barang jadi tiang pancang yang berlokasi di Desa Margasari Kecamatan Pulau Ampel Kabupaten Serang Banten.

Collateral upon the loan facility are as follows: - Kalibaru project receivables - Factory building poles stakes, machinery and factory equipment piles located in Desa Margasari Pulau Ampel Serang Banten. - Inventories of raw materials and finished goods pile located in Desa Margasari Pulau Ampel Serang Banten.

(Lihat Catatan No. 6, 10,20 dan 45)

(See Notes No. 6, 10,20 and 45)

23. UTANG USAHA

23.

Merupakan utang usaha per 31 Maret 2016 dan 31 Desember 2015, terdiri dari:

Represents trade payables as of 31 March 2016 and 31 December 2015, consisting of:

31 Maret / March 2016 Pihak Ketiga Telah Difakturkan Ventura Bersama Belum Difakturkan Sub Jumlah Pihak Ketiga Pihak Berelasi Telah Difakturkan Belum Difakturkan Sub Jumlah Pihak Berelasi Jumlah Utang Usaha

TRADE PAYABLES

31 Desember / December 2015 Third Parties Billed Joint Venture Unbilled

4,164,217,371,217 109,227,481,504 2,265,287,634,065

5,551,844,082,546 164,246,657,485 2,145,093,913,222

6,538,732,486,785

7,861,184,653,253

19,984,627,361 9,581,247,168

13,994,383,579 12,612,582,962

Sub Total Third Parties Related Parties Billed Unbilled

29,565,874,529

26,606,966,541


6,568,298,361,314

7,887,791,619,794

Total Trade Payables

113




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 23. UTANG USAHA (lanjutan)

23.

Rinciannya adalah sbb:

Utang Ventura Bersama Jumlah Utang Usaha

TRADE PAYABLES (continued) The following is the breakdown:

31 Maret / March 2016 Utang Supplier / Pemasok Utang Subkontraktor Utang Kepada Mandor Utang Pihak Ketiga Lainnya



2,223,386,571,494 3,070,608,478,192 269,894,466,860 895,181,363,264

2,659,243,955,811 3,695,573,042,537 341,751,327,396 1,026,976,636,565

6,459,070,879,810

7,723,544,962,309

109,227,481,504

164,246,657,485

Trade Payable-Joint Venture

6,568,298,361,314

7,887,791,619,794


Rincian utang usaha menurut jenis mata uang adalah sebagai berikut: 31 Maret / March 2016

Supplier Subcontractor Foremen Other Third Parties

The breakdown based on currency: 31 Desember / December 2015


6,062,237,286,192 506,061,075,122

7,381,730,544,672 506,061,075,122

Rupiah Foreign Currency

Jumlah Utang Usaha

6,568,298,361,314

7,887,791,619,794


Rincian utang usaha berdasarkan pihak-pihak berelasi dan pihak ketiga: 31 Maret / March 2016


Pihak Ketiga Utang Usaha Yang Telah difakturkan: PT Van Oord Indonesia 212,646,844,624 PT Adhimix Precast Indonesia 113,456,816,195 Schneider Indonesia 85,730,439,537 PT Khi Pipe Industries 63,901,877,348 PT Jakarta Cakra Tunggal Steel Mills 59,155,077,506 PT Hanil Jaya Steel 52,983,397,122 Pioneer Beton Industry 44,071,376,380 PT Krakatau Wajatama 42,011,551,718 Bhirawa Stell 36,498,963,263 PT The Master Steel Manufacturing 33,829,232,680 PT Toyogiri Iron Steel 27,969,541,805 Prima Dinamika Abadi 23,555,943,901 Alwindo Nusantara 22,189,057,163 Casa Prima Indonesia 21,563,173,335 Dipindahkan 839,563,292,577

752,069,430,266 110,911,258,435 87,643,214,186 56,925,007,289 71,642,876,951 37,964,604,052 37,650,519,344 31,812,957,276 21,251,540,375 23,575,490,408 13,532,244,973 8,786,699,761 1,253,765,843,316

114

Third Parties Trade Payables - Billed PT Van Oord Indonesia PT Adhimix Precast Indonesia Schneider Indonesia PT Khi Pipe Industries PT Jakarta Cakra Tunggal Steel Mills PT Hanil Jaya Steel Pioneer Beton Industry PT Krakatau Wajatama Bhirawa Stell PT The Master Steel Manufacturing PT Toyogiri Iron Steel Prima Dinamika Abadi Alwindo Nusantara Casa Prima Indonesia Carried Forward






Pindahan PT Bangun Sarana Baja PT DSS-HSI JO PT Varia Usaha Beton PT Lancar Jaya Mandiri Abadi CV Pesona Prima CV Steel Mas Indah PT SGG Prima Beton Suprajaya Dua Ribu Satu PT Merak Jaya Beton PT Farika Duta Agung PT Union Metalk PT Inter World Steel Mill PT Ting Tai Konstruksi Indonesia Sahabat Daya Mandiri PT Binatama Akrindo PT Bumi Sarana Beton PT Citra Mutiara Bangun Persada PT Multi Daya Mandiri PT Rindang Pari Cahya Buana PT Rollent Indonesia Bilah Baja Makmur Abadi PT Indoboiler Sawunggaling Karya PT Holcim Indonesiak Sinar Jaya Proteksindo PT Anugerah Bangun Kencana PT Proteknik Mega Persada PT Adhimix Sinar Surya Alumindo PT Sandjaja Surabaya Karya Mulia Kreasi Sejahtera PT Surya Besindo Sakti Power Block Indonesia PT Partiwa Unggul Abadi PT Hydroraya Adhi Perkasa Dipindahkan

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) TRADE PAYABLES (continued)


839,563,292,577 20,103,355,364 19,995,792,233 19,833,266,420 19,093,832,770 18,556,378,027 18,270,493,280 17,558,654,902 15,716,284,558 15,659,156,560 15,395,109,976 15,165,077,114 15,158,623,298 15,014,352,643 14,276,173,016 13,807,061,249 13,716,588,445 13,270,552,357 12,717,314,401 12,672,510,500 12,219,538,358 12,120,903,090 11,497,500,000 10,498,334,613 10,479,523,660 10,084,689,078 10,038,763,038 10,025,000,000 9,718,751,124 9,691,008,839 9,623,345,496 9,508,344,553 9,104,848,548 8,974,740,519 8,932,778,560 8,578,785,662 8,575,810,000 1,315,216,534,827

1,253,765,843,316 17,335,518,001 31,570,734,804 11,443,378,913 19,431,177,987 1,275,080,913 19,719,708,893 30,781,774,512 17,144,291,021 11,879,401,813 15,409,446,347 57,179,528,237 3,165,090,000 13,040,885,686 24,186,848,352 6,387,679,960 12,666,458,157 18,407,314,401 20,785,977,053 10,820,250,575 1,120,981,460 9,601,221,194 9,523,851,485 6,067,994,929 9,467,713,949 6,737,500,000 6,545,795,391 8,444,062,886 8,950,521,841 12,203,576,277 14,196,579,514 7,861,320,865 7,903,671,106 1,751,946,539 1,706,773,126,376 115

Brought Forward PT Bangun Sarana Baja PT DSS-HSI JO PT Varia Usaha Beton PT Lancar Jaya Mandiri Abadi CV Pesona Prima CV Steel Mas Indah PT SGG Prima Beton Suprajaya Dua Ribu Satu PT Merak Jaya Beton PT Farika Duta Agung PT Union Metalk PT Inter World Steel Mill PT Ting Tai Konstruksi Indonesia Sahabat Daya Mandiri PT Binatama Akrindo PT Bumi Sarana Beton PT Citra Mutiara Bangun Persada PT Multi Daya Mandiri PT Rindang Pari Cahya Buana PT Rollent Indonesia Bilah Baja Makmur Abadi PT Indoboiler Sawunggaling Karya PT Holcim Indonesiak Sinar Jaya Proteksindo PT Anugerah Bangun Kencana PT Proteknik Mega Persada PT Adhimix Sinar Surya Alumindo PT Sandjaja Surabaya Karya Mulia Kreasi Sejahtera PT Surya Besindo Sakti Power Block Indonesia PT Partiwa Unggul Abadi PT Hydroraya Adhi Perkasa Carried Forward






Pindahan Gnc Galileo S.A PT Bangun Beton Indonesia PT Loka Manggala Dika Konstruksi PT Drymix Indonesia PT Indoflek Jaya Sakti Alkajaya Satria Perkasa PT Buana Celebes PT Kreasi Beton Nusapersada CV Raka Pratama CV Sido Mulyo PT Logam Mas Indah Mas PT Cipta Mortar Utama PT Grama Bazita Tenaga PT Holcim Beton PT Mitra Wiratindo Indonesia PT Utomodeck Metal Works PT Pacific Process Engineering Carya Timor Leste, PTy Ltd PT Putra Saluyu Multi Kreasi PT Bintang Bangun Persada PT Balikpapan Readymix CV Putra Jaya Group PT Alumindo Metal Sejahtera PT Corin Mulia Gemilang PT Motive Mulia PT Sarana Jaya Utama Gelar Gatra Laras CV Rado Utama PT Multistran Engineering PT Gunung Steel Construction CV Sentral Aircon Raya CV Surya Mas CV Rajawali Scientific PT Reitama Enginnering Dipindahkan



1,315,216,534,827 8,378,443,200 8,175,765,000 7,916,385,000 7,697,151,257 7,211,300,925 7,167,459,667 7,056,352,981 7,006,168,366 6,920,422,094 6,916,865,099 6,830,402,548 6,754,625,692 6,686,902,932 6,619,800,000 6,564,253,095 6,382,686,995 6,379,974,000 6,322,879,715 6,140,476,971 6,118,960,931 6,100,029,254 5,936,570,427 5,868,083,705 5,806,038,027 5,802,087,475 5,801,203,047 5,711,401,996 5,704,910,410 5,637,956,879 5,615,476,343 5,464,674,092 5,341,572,740 5,256,494,197 5,229,331,681 5,190,945,075 4,988,352,300 1,543,918,938,943

1,706,773,126,376 3,479,662,724 2,138,387,500 4,043,067,400 5,299,436,668 6,415,333,085 4,325,933,655 1,388,016,092 8,606,168,366 5,054,799,099 1,962,557,483 3,456,055,892 9,066,898,240 7,644,290,360 6,929,308,092 2,078,538,628 17,186,515,037 5,272,422,475 5,764,977,471 5,212,243,304 11,814,362,743 2,607,502,870 6,295,954,488 3,911,659,065 3,306,731,726 2,784,394,484 4,342,488,249 3,658,952,356 9,320,458,016 5,884,739,697 4,868,022,169 2,507,000,000 1,873,400,003,810 116

Brought Forward Gnc Galileo S.A PT Bangun Beton Indonesia PT Loka Manggala Dika Konstruksi PT Drymix Indonesia PT Indoflek Jaya Sakti Alkajaya Satria Perkasa PT Buana Celebes PT Kreasi Beton Nusapersada CV Raka Pratama CV Sido Mulyo PT Logam Mas Indah Mas PT Cipta Mortar Utama PT Grama Bazita Tenaga PT Holcim Beton PT Mitra Wiratindo Indonesia PT Utomodeck Metal Works PT Pacific Process Engineering Carya Timor Leste, PTy Ltd PT Putra Saluyu Multi Kreasi PT Bintang Bangun Persada PT Balikpapan Readymix CV Putra Jaya Group PT Alumindo Metal Sejahtera PT Corin Mulia Gemilang PT Motive Mulia PT Sarana Jaya Utama Gelar Gatra Laras CV Rado Utama PT Multistran Engineering PT Gunung Steel Construction CV Sentral Aircon Raya CV Surya Mas CV Rajawali Scientific PT Reitama Enginnering Carried Forward






Pindahan PT Meganusa Transmission PT Gunung Garuda PT Stahlindo Nusantara Joko Sudarto PT Inti Niaga Sukses Abadi Basri Kulle PT Kalimutu Mitra Perkasa Sentratek Metalindo PT Scg Readymix Indonesia PT Imo Kepri PT Makmur Central Abadi PT Tatabrata Perkasa Nusantara PT Satrans Logistics Services PT Yuleonal Elecal Samudra PT Puja Perkasa Alia Global Visitama Tetrasa Geosindo PT Hillconjaya Sakti PT Majumix Bersama Abadi Sevina Mandiri Budi Karya PT Geasindo Teknik Prima PT Bumi Sentosa Dwi Agung PT Prima Karya Manunggal Galaxy Persada Prasetya Adi PT Bangun Graha CV Sukses Karunia Mandiri UD Rusli Vinilon PT China Telekom Indonesia Marga Pertiwi Sejati Niro Ceramic Sales Indonesia PT Soyo Apik Windopak PT Sinarbali Binakarya PT Control Tech International Dipindahkan



1,543,918,938,943 4,936,782,651 4,924,295,337 4,886,430,979 4,861,595,908 4,834,786,974 4,814,197,837 4,797,760,000 4,794,376,364 4,777,329,731 4,755,985,093 4,630,139,687 4,601,309,584 4,574,778,691 4,496,797,098 4,490,899,332 4,445,332,228 4,435,686,676 4,388,859,977 4,334,003,895 4,311,345,527 4,300,682,118 4,234,687,808 4,234,609,655 4,229,733,095 4,130,794,367 4,130,003,213 4,100,102,459 4,084,353,697 4,077,216,191 4,076,381,983 3,999,150,333 3,948,534,717 3,880,887,463 3,840,809,390 3,773,650,980 3,765,500,000 1,701,818,729,981

1,873,400,003,810 9,436,782,651 6,274,126,609 2,433,542,568 3,591,569,246 32,949,874,020 10,705,305,963 3,423,315,831 4,616,613,210 4,790,461,157 1,004,957,271 6,028,724,682 6,633,809,869 4,074,601,798 15,584,376,617 4,838,671,865 4,843,608,402 4,458,311,018 3,205,745,717 2,705,061,897 2,761,317,813 1,121,307,866 3,814,210,004 3,978,360,565 4,084,235,829 3,335,867,982 1,702,895,980 1,779,917,132 2,027,577,577,372 117

Brought Forward PT Meganusa Transmission PT Gunung Garuda PT Stahlindo Nusantara Joko Sudarto PT Inti Niaga Sukses Abadi Basri Kulle PT Kalimutu Mitra Perkasa Sentratek Metalindo PT Scg Readymix Indonesia PT Imo Kepri PT Makmur Central Abadi PT Tatabrata Perkasa Nusantara PT Satrans Logistics Services PT Yuleonal Elecal Samudra PT Puja Perkasa Alia Global Visitama Tetrasa Geosindo PT Hillconjaya Sakti PT Majumix Bersama Abadi Sevina Mandiri Budi Karya PT Geasindo Teknik Prima PT Bumi Sentosa Dwi Agung PT Prima Karya Manunggal Galaxy Persada Prasetya Adi PT Bangun Graha CV Sukses Karunia Mandiri UD Rusli Vinilon PT China Telekom Indonesia Marga Pertiwi Sejati Niro Ceramic Sales Indonesia PT Soyo Apik Windopak PT Sinarbali Binakarya PT Control Tech International Carried Forward








Pindahan 1,701,818,729,981 PT Bangun Cipta Kreasi 3,721,678,850 PT Duta Hita Jaya 3,690,673,392 PT World Metal Industri National 3,651,464,950 CV Sarana Pondasi 3,564,617,162 PT Bosowa Mining 3,533,316,430 PT Kharisma Kilang Kencana 3,511,477,215 PT Sukses Beton 3,503,215,888 PT Roda Nurmala 3,484,000,000 CV Mitra Makmur 3,476,010,919 Mega Selaras Utama 3,465,164,455 PT Prima Indojaya Mandiri 3,460,196,973 PT Sumber Nusantara Aditya Pratama 3,387,643,027 Megah Bangun Baja Semesta 3,385,091,840 PT Multi Sistim Komunikasi 3,373,205,992 Pentayasa 3,357,690,054 Victory Multikarya 3,346,301,959 PT Metro Menggala 3,341,561,711 PT Dwi Tunggal Abdi Pertiwi 3,336,352,541 PT Krakatau Steel 3,319,661,750 Arquiris Unippesoal Lda 3,293,685,306 PT Magdatama Multi Usaha 3,260,825,744 PT Alim Ampuhjaya Steel 3,242,329,965 Khairil Umar 3,220,895,372 PT Lintang Andalan Makmur 3,220,000,000 PT Venus Ceramica Indonesia 3,213,846,354 PT Sugih Asih Pratama 3,164,702,756 Gilang Gemala Borneo Perkasa 3,163,531,093 CV Karya Mulia Mandiri 3,162,522,451 Sentra Prima Services 3,161,375,289 Berlian Palugada Perkasa 3,148,449,638 PT Hume Concrete Indonesia 3,144,116,349 PT Marga Maju Mapan 3,123,946,898 Adidaya Raksa Persada 3,121,220,440 PT Berjaya Makmur Indonesia 3,120,800,000 GRC Mulya Abadi 3,055,144,383 PT Binaguna Citrasejati 3,030,502,861 Dipindahkan 1,821,575,949,988

2,027,577,577,372 9,491,357,397 13,496,068,000 3,160,779,000 3,564,617,162 3,533,316,430 4,259,967,358 3,823,896,538 3,346,301,959 4,347,537,664 12,344,473,506 3,215,549,414 9,205,950,838 2,138,720,122 2,021,784,575 4,832,240,412 3,219,165,619 2,208,039,396 2,186,323,586 2,328,574,080 1,517,018,108 2,507,391,534 2,124,326,650,070 118

Brought Forward PT Bangun Cipta Kreasi PT Duta Hita Jaya PT World Metal Industri National CV Sarana Pondasi PT Bosowa Mining PT Kharisma Kilang Kencana PT Sukses Beton PT Roda Nurmala CV Mitra Makmur Mega Selaras Utama PT Prima Indojaya Mandiri PT Sumber Nusantara Aditya Pratama Megah Bangun Baja Semesta PT Multi Sistim Komunikasi Pentayasa Victory Multikarya PT Metro Menggala PT Dwi Tunggal Abdi Pertiwi PT Krakatau Steel Arquiris Unippesoal Lda PT Magdatama Multi Usaha PT Alim Ampuhjaya Steel Khairil Umar PT Lintang Andalan Makmur PT Venus Ceramica Indonesia PT Sugih Asih Pratama Gilang Gemala Borneo Perkasa CV Karya Mulia Mandiri Sentra Prima Services Berlian Palugada Perkasa PT Hume Concrete Indonesia PT Marga Maju Mapan Adidaya Raksa Persada PT Berjaya Makmur Indonesia GRC Mulya Abadi PT Binaguna Citrasejati Carried Forward






Pindahan Igasar PT Brilliant Jaya CV Mutiara Sejati PT Century Nusaphala Pratama CV Karya Jaya PT Rekayasa Engineering PT Alcona Utama Nusa PT Teknindo Geosistem Unggul PT Anugerah Mortar Abadi PT Fajar Mas Murni CV S Margono CV Trust Trading PT Kesuma Makmur Konstruksindo PT Asanturi Internusa CV Batu Asli PT Dwidara Tunggal Putra Imam Muhsin PT Intikarya Sukses Abadi PT Anggadam Putra PT Pangkal Multikarya PT Dewata Tehnik Rusly Gunawan Cahyo Nugroho Yunasmoro PT Clarindo Jaya Perkasa PT Kenshi Teruna Utama PT Ispat Panca Putera PT Bumi Cahaya Unggul PT Wahana Teknik Indonesia PT Sekasa Inti Perkasa PT Sumber Seta Murni PT Tegar Zahara PT Graha Pratama Mandiri PT Airmas Ilthabi Teknologi PT Pancaran Blantara Indah PT Sinar Indah Perkasa PT Jaya Sentrikon Indonesia Dipindahkan



1,821,575,949,988 2,955,766,914 2,953,974,219 2,940,308,123 2,917,200,000 2,877,183,734 2,825,000,000 2,820,015,464 2,805,668,768 2,790,025,049 2,788,746,745 2,775,310,190 2,762,665,765 2,756,177,284 2,754,344,493 2,733,289,092 2,728,588,155 2,721,251,967 2,719,372,017 2,692,615,946 2,690,508,537 2,661,762,649 2,659,218,000 2,644,729,672 2,586,181,815 2,574,225,641 2,573,787,200 2,572,800,000 2,548,660,000 2,530,575,455 2,523,994,509 2,498,669,731 2,495,070,268 2,486,248,377 2,479,854,280 2,478,142,915 2,473,999,112 1,918,371,882,074

2,124,326,650,070 3,211,175,860 1,295,288,606 2,133,706,550 2,138,168,180 3,478,426,565 1,799,383,238 1,201,881,893 3,095,583,800 1,991,579,684 3,626,038,447 3,140,494,926 4,075,158,075 3,086,434,908 5,700,728,152 1,813,740,000 3,061,481,240 10,024,150,221 4,635,160,498 1,928,839,475 2,149,777,880 3,199,534,990 2,191,113,383,258 119

Brought Forward Igasar PT Brilliant Jaya CV Mutiara Sejati PT Century Nusaphala Pratama CV Karya Jaya PT Rekayasa Engineering PT Alcona Utama Nusa PT Teknindo Geosistem Unggul PT Anugerah Mortar Abadi PT Fajar Mas Murni CV S Margono CV Trust Trading PT Kesuma Makmur Konstruksindo PT Asanturi Internusa CV Batu Asli PT Dwidara Tunggal Putra Imam Muhsin PT Intikarya Sukses Abadi PT Anggadam Putra PT Pangkal Multikarya PT Dewata Tehnik Rusly Gunawan Cahyo Nugroho Yunasmoro PT Clarindo Jaya Perkasa PT Kenshi Teruna Utama PT Ispat Panca Putera PT Bumi Cahaya Unggul PT Wahana Teknik Indonesia PT Sekasa Inti Perkasa PT Sumber Seta Murni PT Tegar Zahara PT Graha Pratama Mandiri PT Airmas Ilthabi Teknologi PT Pancaran Blantara Indah PT Sinar Indah Perkasa PT Jaya Sentrikon Indonesia Carried Forward






Pindahan PT National Steel Industries PT Merak Beton Perkasa Zug Industry Indonesia PT Eka Sinar Abadi PT Gunung Raja Paksi UD Sehati CV Maju Jaya PT Polareka Fasadindo PT Nuansa Aluminium PT Arkindo PT Kurnia Utama Raya Multi Berdikari Pondasi Perdana PT Beton Elemen Persada CV Harapan Abadi PT Indo Piling Raya PT Lybas Area Construction PT Pancawira Bangun Pratama Esta Raya Mandiri PT Indoprima Niaga Sakti PT Fajar Tomayuna Utama PT Asia Pertama Abadi PT Prysmian Cables Indonesia Samsul Bahri Satria Asta Gemilang PT Bina Maju Tetap Jaya PT Buhit Dian Pertama CV Boscra Perkasa CV Mustika Jaya Fitri Damastuti Syarifah PT Aneka Jaya Langgeng Sentosa Quatro Colegas Lda Ari Wijaksono Naldy Surya Effendy Syahril CV Amanda Putri Mandiri Anugrah Mandiri Perkasa Dipindahkan



1,918,371,882,074 2,457,132,182 2,445,687,481 2,435,393,466 2,435,249,756 2,431,048,160 2,410,910,000 2,406,550,604 2,387,293,711 2,370,487,689 2,359,663,019 2,354,065,459 2,349,349,165 2,325,455,251 2,312,338,183 2,284,037,523 2,278,570,268 2,260,322,469 2,219,210,953 2,179,171,695 2,162,980,522 2,154,473,167 2,145,437,780 2,125,801,638 2,093,585,563 2,080,000,000 2,077,657,900 2,065,232,820 2,053,704,597 2,045,680,240 2,045,150,000 2,039,311,825 2,036,754,250 1,983,883,175 1,976,181,724 1,970,492,852 1,962,223,954 1,998,092,371,116

2,191,113,383,258 3,021,829,062 2,493,659,409 8,325,280,445 3,405,273,256 1,144,149,464 3,855,238,488 1,976,363,879 2,604,150,500 4,197,882,246 2,196,903,025 3,106,868,797 5,950,745,444 1,567,381,504 2,846,608,695 2,007,248,555 7,068,156,434 3,502,671,583 5,111,327,110 2,344,146,706 1,918,132,917 6,847,745,700 2,266,605,146,478 120

Brought Forward PT National Steel Industries PT Merak Beton Perkasa Zug Industry Indonesia PT Eka Sinar Abadi PT Gunung Raja Paksi UD Sehati CV Maju Jaya PT Polareka Fasadindo PT Nuansa Aluminium PT Arkindo PT Kurnia Utama Raya Multi Berdikari Pondasi Perdana PT Beton Elemen Persada CV Harapan Abadi PT Indo Piling Raya PT Lybas Area Construction PT Pancawira Bangun Pratama Esta Raya Mandiri PT Indoprima Niaga Sakti PT Fajar Tomayuna Utama PT Asia Pertama Abadi PT Prysmian Cables Indonesia Samsul Bahri Satria Asta Gemilang PT Bina Maju Tetap Jaya PT Buhit Dian Pertama CV Boscra Perkasa CV Mustika Jaya Fitri Damastuti Syarifah PT Aneka Jaya Langgeng Sentosa Quatro Colegas Lda Ari Wijaksono Naldy Surya Effendy Syahril CV Amanda Putri Mandiri Anugrah Mandiri Perkasa Carried Forward








Pindahan 1,998,092,371,116 PT Kurnia Dalitrans 1,952,903,649 PT Putra Lebra Perkasa 1,933,285,663 PT Conductorjasa Suryapersada 1,930,465,155 PT Scg Pipe And Precast Indonesia 1,924,537,617 PT Dharma Subur Satya 1,918,922,252 PT Green Persada Enviro 1,890,388,499 PT Hikada Putra Karuna 1,880,000,000 PT Abetama Sempurna 1,870,511,108 CV Ilya Jaya 1,868,783,170 PT Mandiri Agung Abadi 1,849,582,789 PT Bukit Jaya Abadi 1,843,378,682 Prima Panca Perkasa 1,837,389,352 PT Surya Indogreen Perkasa 1,830,658,720 CV Kenanga 1,820,727,418 Panca Prima Engineering 1,808,144,950 PT Simtraco Intramanunggal Abadijaya 1,801,028,750 CV Nur Kusuma 1,799,912,894 PT Pejaten Jaya Abadi 1,795,922,925 PT Asrico Putra Perdana 1,785,516,844 PT Beton Budi Mulya 1,783,267,100 PT Unggul Sejati Indonesia 1,781,669,858 Suherli Asgap 1,772,477,263 PT Sinergi Tiga Sahabat 1,768,989,360 CV Karya Mandiri Kreatif 1,760,297,631 PT Bangun Cipta Raya 1,756,044,573 PT Swarna Baja Pacific 1,753,639,705 PT Deha Sejahtera 1,748,102,134 UD Karya Anugerah 1,730,252,895 PT Rodha Jaya 1,720,307,031 Multi Structure Sarana 1,707,517,838 PT Gilang Briskanandita Sejati 1,705,735,279 PT Rajawali Sakti Utama 1,696,617,924 PT Trinisyah Ersa Pratama 1,693,563,951 PT Sarana Baja Perkasa 1,689,423,662 PT Cahaya Metal Perkasa 1,665,048,090 PT Indopile 1,658,582,411 Dipindahkan 2,062,825,968,258

2,266,605,146,478 4,150,911,687 5,709,965,155 4,820,848,550 4,599,882,226 1,849,582,789 1,843,378,682 2,023,010,652 1,440,898,200 2,283,330,595 2,389,523,682 1,730,744,100 1,667,175,525 1,734,191,910 1,890,263,415 1,578,987,235 1,715,058,123 5,023,455,000 2,313,056,354,004 121

Brought Forward PT Kurnia Dalitrans PT Putra Lebra Perkasa PT Conductorjasa Suryapersada PT Scg Pipe And Precast Indonesia PT Dharma Subur Satya PT Green Persada Enviro PT Hikada Putra Karuna PT Abetama Sempurna CV Ilya Jaya PT Mandiri Agung Abadi PT Bukit Jaya Abadi Prima Panca Perkasa PT Surya Indogreen Perkasa CV Kenanga Panca Prima Engineering PT Simtraco Intramanunggal Abadijaya CV Nur Kusuma PT Pejaten Jaya Abadi PT Asrico Putra Perdana PT Beton Budi Mulya PT Unggul Sejati Indonesia Suherli Asgap PT Sinergi Tiga Sahabat CV Karya Mandiri Kreatif PT Bangun Cipta Raya PT Swarna Baja Pacific PT Deha Sejahtera UD Karya Anugerah PT Rodha Jaya Multi Structure Sarana PT Gilang Briskanandita Sejati PT Rajawali Sakti Utama PT Trinisyah Ersa Pratama PT Sarana Baja Perkasa PT Cahaya Metal Perkasa PT Indopile Carried Forward








Pindahan 2,062,825,968,258 PT Zidar Zahthola 1,652,857,905 PT Encona Inti Industri 1,649,999,999 CV Cipta Engineering 1,649,859,805 PT Wisesa Karya Prima 1,644,248,800 CV Labora Mandiri 1,638,603,627 PT Triyaman Utama 1,621,666,387 PT Metalindo Tosan Surya 1,607,135,750 PT Farama Mitra Mandiri 1,599,801,473 PT Decon Multi Industri 1,595,354,222 PT Bina Santika Wijaya 1,581,981,819 PT Cigading Habeam Centre 1,581,469,799 CV Dwi Mulia Tekindo 1,580,761,400 Iwan Suryoko 1,566,389,618 PT Kredo Bajatama Persada 1,558,987,675 PT Cipta Karya Bersama Abadi 1,553,029,930 CV Multiguna Sejahtera 1,549,548,000 PT Putra Fajar Idola Pratama 1,547,471,055 PT Oriental Sheet Piling 1,546,560,000 PT Togo Steel Industries 1,528,530,750 PT Sentral Perkasa Buana Indonesia 1,527,660,000 PT Semesta Eltrindo Pura 1,526,668,854 CV Cipta Prestasi 1,514,592,128 PT Jaya Agung Ceramindo 1,511,182,504 PT Graha Bara Lestari 1,503,567,093 CV Maharani Perkasa 1,494,193,539 Murti Cahaya Wirasaba 1,489,248,537 CV Cahaya Rimba 1,484,597,404 CV Duta Pelita 1,482,226,560 PT Supra Manunggal Sejati 1,476,973,500 Banjar Kencana 1,476,363,636 PT Jotun Indonesia 1,476,264,053 Agus Mulyanto 1,468,720,000 PT Superior Prima Sukses 1,465,098,084 PT Aneka Star 1,457,310,807 Doni Asep 1,445,077,072 PT Bangun Batara Construction 1,439,618,838 Dipindahkan 2,118,319,588,881

2,313,056,354,004 1,649,999,999 1,644,853,508 9,337,561,535 3,269,273,994 2,082,677,222 1,403,800,000 3,114,616,779 1,289,934,946 1,070,529,930 1,317,189,250 5,489,116,887 1,081,779,113 2,162,862,847 1,652,921,647 1,405,118,539 1,495,205,469 1,610,014,401 1,373,219,240 1,647,171,500 1,903,371,083 1,131,079,800 2,360,188,651,693 122

Brought Forward PT Zidar Zahthola PT Encona Inti Industri CV Cipta Engineering PT Wisesa Karya Prima CV Labora Mandiri PT Triyaman Utama PT Metalindo Tosan Surya PT Farama Mitra Mandiri PT Decon Multi Industri PT Bina Santika Wijaya PT Cigading Habeam Centre CV Dwi Mulia Tekindo Iwan Suryoko PT Kredo Bajatama Persada PT Cipta Karya Bersama Abadi CV Multiguna Sejahtera PT Putra Fajar Idola Pratama PT Oriental Sheet Piling PT Togo Steel Industries PT Sentral Perkasa Buana Indonesia PT Semesta Eltrindo Pura

CV Cipta Prestasi PT Jaya Agung Ceramindo PT Graha Bara Lestari CV Maharani Perkasa Murti Cahaya Wirasaba CV Cahaya Rimba CV Duta Pelita PT Supra Manunggal Sejati Banjar Kencana PT Jotun Indonesia Agus Mulyanto PT Superior Prima Sukses PT Aneka Star Doni Asep PT Bangun Batara Construction Carried Forward






Pindahan PT Neksusindo Cahaya Gemilang CV Cahaya Teknik Nusantara PT Mahardika Daya Inti Agus Hariyanto Nauli Hasan PT Bosowa Pasir Bara CV Multi Guna Sejahtera PT Sekawan Bangun Perkasa CV Media Informatika PT Altadesi Prima Citra PT Indocont Utama Karya PT Paku Bumi Semesta CV Djihar Parna Dolok Mokhamad Mujahidin PT Kelolatama Albes PT Suly Bersama Jaya Steel CV Trijaya Teknik Kurnia CV Sumber Arta Raya PT Indo Fuji Fajrin Joko Listiawan CV Raharja Wiguna Konstruksi Matrikstama Andalan Mitra PT Farmel Cahaya Mandiri PT Arga Bangun Ideal PT Jatim Bromo Steel Dedy Sudarno PT Bajatama Dian Prima Pelita Enamelware I C CV Raneta Sejahtera CV Kevindo Jaya Koperasi Karyawan PP CV Bangkit Jaya Makmur PT Cahaya Pondasi Utama PT Mitra Prima Optima PT Tanjung Raya Prima Dipindahkan



2,118,319,588,881 1,429,690,476 1,429,631,054 1,427,551,089 1,424,531,490 1,415,701,251 1,414,385,168 1,410,016,276 1,395,349,203 1,393,365,645 1,381,750,560 1,381,376,282 1,377,670,879 1,370,537,667 1,370,420,250 1,368,248,984 1,367,686,124 1,348,763,809 1,336,103,332 1,332,087,500 1,326,545,741 1,325,676,237 1,324,683,630 1,314,385,779 1,313,339,000 1,309,846,853 1,303,196,421 1,302,543,262 1,297,351,696 1,292,722,298 1,284,837,420 1,283,939,300 1,278,124,744 1,277,241,570 1,274,800,644 1,273,234,375 1,272,000,688 2,166,748,925,578

2,360,188,651,693 2,099,319,819 1,851,550,362 1,414,385,168 1,582,860,184 4,213,906,851 1,724,746,737 2,932,580,000 1,221,393,819 1,363,112,500 8,295,034,630 2,600,030,509 1,327,642,750 1,435,014,750 1,044,263,091 3,515,678,375 2,396,810,171,239 123

Brought Forward PT Neksusindo Cahaya Gemilang CV Cahaya Teknik Nusantara PT Mahardika Daya Inti Agus Hariyanto Nauli Hasan PT Bosowa Pasir Bara CV Multi Guna Sejahtera PT Sekawan Bangun Perkasa CV Media Informatika PT Altadesi Prima Citra PT Indocont Utama Karya PT Paku Bumi Semesta CV Djihar Parna Dolok Mokhamad Mujahidin PT Kelolatama Albes PT Suly Bersama Jaya Steel CV Trijaya Teknik Kurnia CV Sumber Arta Raya PT Indo Fuji Fajrin Joko Listiawan CV Raharja Wiguna Konstruksi Matrikstama Andalan Mitra PT Farmel Cahaya Mandiri PT Arga Bangun Ideal PT Jatim Bromo Steel Dedy Sudarno PT Bajatama Dian Prima Pelita Enamelware I C CV Raneta Sejahtera CV Kevindo Jaya Koperasi Karyawan PP CV Bangkit Jaya Makmur PT Cahaya Pondasi Utama PT Mitra Prima Optima PT Tanjung Raya Prima Carried Forward






Pindahan PT Integra Indocabinet PT Budi Perkasa Alam Muhammad Arif Nugraha CV Sejatindo Prima Bangunan Dinamika Nusantara Kencana PT Anisa Putra Jaya PT Edlyn Dehensi PT Tata Cahaya Mandiri PT Alfa Stilindo PT Global Sukses Perkasa PT Cendana Jaya Mandiri PT Wiguna Logam Prima CV Amanah Abadi PT Bangun Kubah Sarana Duta Bangsa Mandiri Hermanto PT Vsl Indonesia PT Saeti Beton Pracetak PT Surya Cahaya Gemilang PT Atap Teduh Lestari PT Satya Langgeng Sentosa PT Kredo Keramindo CV Fajar Makmur Antraksa Puskop Kartika Sriwijaya Budi Susilo PT Kiswire Indonesia PT Pilar Indo Sarana CV Wijaya Teknik Ni Nyoman Sudiasih CV Sinar Terang PT Tulus Tri Tunggal Indra Group PT Kreasindo Restu Utama PT Panca Karya Wijaya PT Thonnindo Isiarta Konstruksi Dipindahkan



2,166,748,925,578 1,270,064,153 1,267,403,446 1,263,669,875 1,259,759,670 1,258,963,704 1,248,346,789 1,246,679,140 1,245,826,900 1,244,523,601 1,244,350,000 1,235,398,443 1,235,077,500 1,229,736,256 1,224,209,254 1,218,226,599 1,214,761,169 1,213,636,612 1,209,220,000 1,207,500,000 1,202,787,825 1,196,048,456 1,191,795,500 1,183,255,250 1,170,418,576 1,162,433,775 1,159,281,600 1,159,110,000 1,158,861,933 1,156,846,110 1,153,699,350 1,151,072,246 1,150,252,038 1,144,874,315 1,143,965,000 1,138,000,000 1,136,868,349 2,210,045,849,012

2,396,810,171,239 1,283,818,943 2,004,148,373 4,554,021,725 2,581,990,243 2,219,248,530 1,602,659,241 1,249,047,456 5,007,120,510 3,227,563,534 1,365,788,640 1,207,500,000 1,364,363,722 1,187,255,500 1,008,056,572 3,193,099,150 1,212,450,696 2,160,988,023 2,649,968,909 2,614,000,000 1,406,583,753 2,439,909,844,759 124

Brought Forward PT Integra Indocabinet PT Budi Perkasa Alam Muhammad Arif Nugraha CV Sejatindo Prima Bangunan Dinamika Nusantara Kencana PT Anisa Putra Jaya PT Edlyn Dehensi PT Tata Cahaya Mandiri PT Alfa Stilindo PT Global Sukses Perkasa PT Cendana Jaya Mandiri PT Wiguna Logam Prima CV Amanah Abadi PT Bangun Kubah Sarana Duta Bangsa Mandiri Hermanto PT Vsl Indonesia PT Saeti Beton Pracetak PT Surya Cahaya Gemilang PT Atap Teduh Lestari PT Satya Langgeng Sentosa PT Kredo Keramindo CV Fajar Makmur Antraksa Puskop Kartika Sriwijaya Budi Susilo PT Kiswire Indonesia PT Pilar Indo Sarana CV Wijaya Teknik Ni Nyoman Sudiasih CV Sinar Terang PT Tulus Tri Tunggal Indra Group PT Kreasindo Restu Utama PT Panca Karya Wijaya PT Thonnindo Isiarta Konstruksi Carried Forward






Pindahan PT Ega Tekelindo Prima PT Bintang Multi Science PT Marunda Jaya CV Bina Wira Mandiri PT Lion Metal Works Siswanto CV Alam Baru PT Ben Mandiri Abadi PT Tungku Jaya Sakti PT Kotaminyak Internusa PT Indo Jaya Sukses PT Karya Jaya Cemerlang PT Safari Transmoda Abadi PT Warnatama Cemerlang PT Jongka Indonesia CV Catur Perkasa PT Cakra Raya Teknologi PT Darma Subur Satya PT Asme PT Jof Metal Works Ltd Taufan Hidayat PT Daya Cipta Aneka Reksa Samingun CV Disam Jaya Putra Bayu Putra Mandiri CV Chelin Berkah Murni PT Sembilan Garis Cemerlang CV Wahana Cipta Karsa CV Pola Bangun CV Karya Prima Pondasi Vastorindo Jaya Semesta PT Nusagraha Multy Stone CV Manggar Kreasi PT Wila Karya Mandiri PT Duta Beton Sejati Ni Ketut Nining Widartini Dipindahkan



2,210,045,849,012 1,132,420,000 1,131,644,800 1,131,616,475 1,128,724,532 1,121,632,786 1,121,333,600 1,106,964,771 1,106,564,080 1,105,114,500 1,103,377,500 1,101,254,059 1,092,418,550 1,089,500,000 1,088,247,420 1,083,958,178 1,082,917,441 1,081,111,778 1,079,352,697 1,075,531,967 1,075,219,010 1,073,915,308 1,073,534,036 1,071,440,316 1,056,410,911 1,055,736,567 1,055,177,141 1,053,801,573 1,050,327,500 1,040,277,923 1,040,071,354 1,038,122,615 1,036,310,496 1,031,888,536 1,027,925,235 1,022,822,479 1,021,201,609 2,248,833,716,755

2,439,909,844,759 4,255,897,611 2,662,675,082 1,358,969,550 4,600,070,476 1,567,440,616 1,506,747,278 7,342,736,106 2,321,942,000 1,269,349,991 1,303,569,951 1,245,221,704 1,860,322,356 1,685,814,881 1,981,054,392 1,480,131,571 1,117,708,919 2,477,469,497,243 125

Brought Forward PT Ega Tekelindo Prima PT Bintang Multi Science PT Marunda Jaya CV Bina Wira Mandiri PT Lion Metal Works Siswanto CV Alam Baru PT Ben Mandiri Abadi PT Tungku Jaya Sakti PT Kotaminyak Internusa PT Indo Jaya Sukses PT Karya Jaya Cemerlang PT Safari Transmoda Abadi PT Warnatama Cemerlang PT Jongka Indonesia CV Catur Perkasa PT Cakra Raya Teknologi PT Darma Subur Satya PT Asme PT Jof Metal Works Ltd Taufan Hidayat PT Daya Cipta Aneka Reksa Samingun CV Disam Jaya Putra Bayu Putra Mandiri CV Chelin Berkah Murni PT Sembilan Garis Cemerlang CV Wahana Cipta Karsa CV Pola Bangun CV Karya Prima Pondasi Vastorindo Jaya Semesta PT Nusagraha Multy Stone CV Manggar Kreasi PT Wila Karya Mandiri PT Duta Beton Sejati Ni Ketut Nining Widartini Carried Forward






Pindahan Yusuf Internusa Megah Cahaya Surya Sejahtera Bersama CV Zie PT Surya Pertiwi PT Mahesa Daya Inti PT Jakt. Cakra Tunggal Steel. M PT The Master Steel Manufact. PT Abb Sakti Industri PT Putra Baja Deli PT Maribaya Electrindo Jaya Wartsila CV Luhur Amanah PT Sho-Labo Consulting Training PT Panca Tunggal Sukses. M PT Anugrah Karunia Alam PT Delta Jaya Utama PT Rahmi Ida Nusantara PT Suryagraha Mandiri Utama PT Catur Insan Perkasa PT Bondor Indonesia PT Gunayasa Dianartha Trakindo Utama PT Multiprima Semesta Abadi PT Aneka Jaya Langgeng. S PT Famili Kita PT Sumber Nusantara Aditya. P PT Duta Indah Perkasa PT Pacific Prestress Indonesia PT Berkah Mulia Mandiri CV Cilong Mandiri PT Sentral Perkasa Buana Ind. PT Beton Elemenindo Perkasa Aditya Aryaprawira Shipping PT Citas Otis Elevator PT Geostructure Dynamics Dipindahkan



2,248,833,716,755 1,020,045,000 1,014,296,188 1,010,850,000 1,006,122,100 1,001,417,290 1,000,342,583 2,254,886,789,916

2,477,469,497,243 1,020,045,000 1,515,500,000 3,961,005,149 54,526,206,427 51,274,866,239 17,456,175,517 16,377,598,170 14,001,260,000 9,945,530,034 9,232,705,607 6,248,983,890 6,202,534,403 5,925,840,040 5,865,558,037 5,599,141,838 5,470,432,067 5,447,972,138 5,338,300,967 4,918,210,000 4,915,139,976 4,896,323,859 4,890,300,000 4,435,270,818 4,350,739,427 4,339,510,760 4,232,554,729 4,135,453,637 3,983,720,638 3,946,380,000 3,939,609,203 3,925,239,573 3,597,500,000 3,568,160,371 2,766,953,265,756 126

Brought Forward Yusuf Internusa Megah Cahaya Surya Sejahtera Bersama CV Zie PT Surya Pertiwi PT Mahesa Daya Inti PT Jakt. Cakra Tunggal Steel. M PT The Master Steel Manufact. PT Abb Sakti Industri PT Putra Baja Deli PT Maribaya Electrindo Jaya Wartsila CV Luhur Amanah PT Sho-Labo Consulting Training PT Panca Tunggal Sukses. M PT Anugrah Karunia Alam PT Delta Jaya Utama PT Rahmi Ida Nusantara PT Suryagraha Mandiri Utama PT Catur Insan Perkasa PT Bondor Indonesia PT Gunayasa Dianartha Trakindo Utama PT Multiprima Semesta Abadi PT Aneka Jaya Langgeng. S PT Famili Kita PT Sumber Nusantara Aditya. P PT Duta Indah Perkasa PT Pacific Prestress Indonesia PT Berkah Mulia Mandiri CV Cilong Mandiri PT Sentral Perkasa Buana Ind. PT Beton Elemenindo Perkasa Aditya Aryaprawira Shipping PT Citas Otis Elevator PT Geostructure Dynamics Carried Forward






Pindahan Asphalt Bangun Sarana PT Metito Indonesia PT Wavin Tunas Utama PT Arief Karya Perdana PT Sanggar Adhisarana Teknik PT Bagani Citra Mandiri PT Focon Interlite PT Titra Pelangi Nusantara A & K Door Indonesia CV Setia Abadi PT Dharmawan Intersarana PT Pillar Utama Contrindo PT Indo Nusantara Tata Udara Deva Ismery PT Delta Multi Contr. & Supplier CV Diafragma El Nusa PT Penta Mandah Sejahtera CV Karya Anugerah Jaya PT Tri Pilar Multigraha CV Trijala Perkasa PT Steel Pipe Industry Of Ind. PT Waagner Biro Indonesia PT Westindo Putra Perkasa PT Oni Utama Mandiri Karyono PT Sekasa Mitra Utama CV Karya Kaca Glass PT Kesuma Makmur Konstruksi PT Jaya Inti Persada PT Nuansa Karya Persada Pradana Persada PT Fadia Cipta Mandiri PT Bangkit Jaya Elektrindo PT Pratama Widya PT Andalan Teknologi Mandiri PT Awmina Jaya Dipindahkan



2,254,886,789,916 2,254,886,789,916

2,766,953,265,756 3,551,303,530 3,462,376,527 3,364,727,238 3,320,617,381 3,270,973,560 3,219,105,675 3,145,241,897 3,082,185,890 3,048,309,161 3,008,955,581 2,997,765,000 2,907,500,000 2,801,834,790 2,649,167,500 2,592,783,673 2,592,212,128 2,566,643,948 2,542,939,577 2,539,706,849 2,451,439,123 2,365,710,243 2,310,418,950 2,300,000,000 2,279,207,000 2,254,168,000 2,249,218,042 2,226,172,461 2,203,346,505 2,158,012,502 2,145,785,242 2,139,426,211 2,087,714,818 2,058,376,231 2,038,158,623 1,998,023,832 1,934,229,925 2,860,817,023,370 127

Brought Forward Asphalt Bangun Sarana PT Metito Indonesia PT Wavin Tunas Utama PT Arief Karya Perdana

PT Sanggar Adhisarana Teknik PT Bagani Citra Mandiri PT Focon Interlite PT Titra Pelangi Nusantara A & K Door Indonesia CV Setia Abadi PT Dharmawan Intersarana PT Pillar Utama Contrindo PT Indo Nusantara Tata Udara Deva Ismery PT Delta Multi Contr. & Supplier CV Diafragma El Nusa PT Penta Mandah Sejahtera CV Karya Anugerah Jaya PT Tri Pilar Multigraha CV Trijala Perkasa PT Steel Pipe Industry Of Ind. PT Waagner Biro Indonesia PT Westindo Putra Perkasa PT Oni Utama Mandiri Karyono PT Sekasa Mitra Utama CV Karya Kaca Glass PT Kesuma Makmur Konstruksi PT Jaya Inti Persada PT Nuansa Karya Persada Pradana Persada PT Fadia Cipta Mandiri PT Bangkit Jaya Elektrindo PT Pratama Widya PT Andalan Teknologi Mandiri PT Awmina Jaya Carried Forward






Pindahan PT Era Teknindo Nusantara PT Adhiguna Karya Jaya Adi Prasetya PT Humpuss Transportasi Curah CV Permata Alam CV Bangkit Raharja PT Paradise Perkasa PT Tata Nusa Abadi CV Ridhotama Jaya Cipta Krida Bahari UD Arto Moro PT Arcadia Multi Graha Sumber Sukses Bersaudara Nur Sejahtera CV Megah Agung Persada PT Akbar Budi Sakti PT Parama Adhi Pratama CV Dian Sarana PT Duta Sarana Perkasa PT Hilti Nusantara CV Utama Bintan Sukses Mukhamad Mujahidin PT Visitama Sarana Cipta Sohopi Dg Serang Menumbing Mas Samudera PT Jaya Teknik Indonesia Agostinho PT Adiwarna Anugerah Abadi PT Elco Power System PT Bintang Raya Sakti PT Aneka Hitachindo Pratama Gaka Karya Engineering CV Priya Mandiri Mitramas Adidarma PT PT Arga Wastu PT Feedback Indra Dipindahkan



2,254,886,789,916 2,254,886,789,916

2,860,817,023,370 1,920,097,533 1,901,411,654 1,877,457,770 1,877,457,770 1,872,739,605 1,867,767,779 1,856,630,125 1,851,078,206 1,814,664,256 1,794,168,908 1,724,562,290 1,682,971,801 1,655,148,141 1,611,197,308 1,537,073,848 1,530,000,000 1,452,826,271 1,434,668,047 1,425,637,707 1,420,184,503 1,371,866,958 1,370,420,250 1,368,075,000 1,358,908,200 1,353,329,465 1,308,000,000 1,261,971,066 1,258,514,726 1,250,000,100 1,245,672,350 1,224,600,000 1,220,393,023 1,205,084,400 1,205,000,000 1,191,600,090 1,189,286,330 2,915,307,488,850 128

Brought Forward PT Era Teknindo Nusantara PT Adhiguna Karya Jaya Adi Prasetya PT Humpuss Transportasi Curah CV Permata Alam CV Bangkit Raharja PT Paradise Perkasa PT Tata Nusa Abadi CV Ridhotama Jaya Cipta Krida Bahari UD Arto Moro PT Arcadia Multi Graha Sumber Sukses Bersaudara Nur Sejahtera CV Megah Agung Persada PT Akbar Budi Sakti PT Parama Adhi Pratama CV Dian Sarana PT Duta Sarana Perkasa PT Hilti Nusantara CV Utama Bintan Sukses Mukhamad Mujahidin PT Visitama Sarana Cipta Sohopi Dg Serang Menumbing Mas Samudera PT Jaya Teknik Indonesia Agostinho PT Adiwarna Anugerah Abadi PT Elco Power System PT Bintang Raya Sakti PT Aneka Hitachindo Pratama Gaka Karya Engineering CV Priya Mandiri Mitramas Adidarma PT PT Arga Wastu PT Feedback Indra Carried Forward








Pindahan Zaenuri Iksan CV Karya Bersama Muh Anas S CV Rizki Abadi PT Mitracipta Polasarana PT Centra Utama Sejati PT Cahaya Cipta Abadi CV Buana Mitra Perkasa Yan Cahyono PT Karya Internusa PT Baskara Prima Sarana PT Bestindo Aquatek Sejahtera CV Alumie Jaya CV Graha Sarana PT Cometco Inti Prima Granitoguna Building Ceramics PT Prima Usaha Sarana. S CV Sinergi Wijaya PT Asri Pancawarna PT Australindo Graha Nusa PT Indojaya Sukses Makmur PT Beton Perkasa Wijaksana PT Fajar Lestari Adi Perkasa PT Hefa Sarana Kontraktor Utang Upah, Alat, BTL Utang Usaha Entitas Anak Lain-lain di bawah Rp 1 Milyar

2,254,886,789,916 610,279,664,182 996,729,138,134 302,321,778,985

2,915,307,488,850 1,188,279,000 1,175,499,323 1,169,049,409 1,161,379,258 1,159,964,367 1,151,040,000 1,147,645,000 1,120,585,800 1,112,335,000 1,100,719,616 1,090,000,000 1,089,190,000 1,073,529,000 1,058,183,799 1,052,232,152 1,049,693,008 1,047,507,000 1,042,939,073 1,038,255,070 1,037,507,671 1,027,727,408 1,005,330,000 1,000,178,751 1,012,855,985 783,488,584,664 1,591,090,374,452 235,846,008,890

Brought Forward Zaenuri Iksan CV Karya Bersama Muh Anas S CV Rizki Abadi PT Mitracipta Polasarana PT Centra Utama Sejati PT Cahaya Cipta Abadi CV Buana Mitra Perkasa Yan Cahyono PT Karya Internusa PT Baskara Prima Sarana PT Bestindo Aquatek Sejahtera CV Alumie Jaya CV Graha Sarana PT Cometco Inti Prima Granitoguna Building Ceramics PT Prima Usaha Sarana. S CV Sinergi Wijaya PT Asri Pancawarna PT Australindo Graha Nusa PT Indojaya Sukses Makmur PT Beton Perkasa Wijaksana PT Fajar Lestari Adi Perkasa PT Hefa Sarana Kontraktor Labour, Equipment, Overhead Payable Account Payable - Subsidiary Other of less than 1 Billions

Sub Jumlah

4,164,217,371,217

5,551,844,082,546

Sub Total

Belum difakturkan

2,265,287,634,065

2,145,093,913,222

Unbilled

Sub Jumlah

6,429,505,005,281

2,145,093,913,222

Sub Total

Utang Ventura Bersama: KSO Cable Stayed Kendari KSO Sindang Heula KSO Winrip Mangopoh Padang KSO Holtekamp Dipindahkan

Trade Payable-Joint Venture 54,931,965,491 14,063,017,271 12,050,835,794 8,973,207,615 90,019,026,171

56,472,239,148 29,704,110,029 38,385,704,818 124,562,053,995 129

JO Cable Stayed Kendari JO Sindang Heula JO Winrip Mangopoh Padang JO Holtekamp Carried Forward






Pindahan KSO Pengendali Banjir Batang Kuranji Padang KSO Jl Kenyam-Mugi Papua Thp 2 KSO Jembatan Kembar Lanjutan KSO Cisangkuy KSO Rekonstruksi SABO DAM Merapi

KSO Stadion Utama Samarinda Lain-lain di bawah Rp 1 Milyar Sub Jumlah Sub Jumlah Pihak Ketiga

PT Wijaya Karya Beton Lain-lain di bawah Rp 1 Milyar Sub Jumlah Utang Usaha Yang Belum Difaktur Sub Jumlah Sub Jumlah Pihak Berelasi Jumlah Utang Usaha

TRADE PAYABLES (continued) 31 Desember / December 2015

90,019,026,171 8,124,415,091

124,562,053,995 11,702,111,016

Brought Forward JO Pengendali Banjir Batang Kuranji Padang

6,171,427,648 4,230,017,215 682,595,379

6,123,651,538 4,313,236,996 10,124,550,507 7,175,200,654 245,852,779

JO Jl Kenyam-Mugi Papua Thp 2 JO Jembatan Kembar Lanjutan JO Cisangkuy JO Rekonstruksi SABO DAM Merapi JO Stadion Utama Samarinda Other of less than 1 Billions

109,227,481,504 6,538,732,486,785

164,246,657,485 7,861,184,653,253

Sub Total Sub Total Third Parties

31 Maret / March 2016 Pihak Berelasi PT Wijaya Karya Rekayasa Kontruksi



10,791,623,296

3,742,707,502

Related Parties PT Wijaya Karya Rekayasa Kontruksi

9,193,004,065 -

9,691,845,817 559,830,260

PT Wijaya Karya Beton Other of less than 1 Billions

19,984,627,361 9,581,247,168

13,994,383,579 12,612,582,962

Sub Total Unbilled

9,581,247,168 29,565,874,529 6,568,298,361,314

12,612,582,962 26,606,966,541 7,887,791,619,794

Sub Total Sub Total Related Parties Total Trade Payable

Jumlah utang usaha berdasarkan umur (tidak termasuk utang Ventura Bersama) :

Total of trade payables based on payable ages (excluding trade payable of JV) :



> 1 Bulan - 3 Bulan > 3 Bulan - 6 Bulan > 6 Bulan - 12 Bulan > 12 Bulan

5,485,814,031,470 542,116,125,588 277,690,918,585 153,449,804,167

6,324,536,948,315

90,272,675,826

> 1 Month - 3 Months > 3 Months - 6 Months > 6 Months - 12 Months > 12 Months

Jumlah Utang Usaha

6,459,070,879,810

7,723,544,962,309

Total Trade Payable

998,736,883,689 309,998,454,479

Utang pemasok merupakan utang kepada pemasok atas pengadaan bahan bangunan sehubungan dengan pelaksanaan suatu proyek.

Supplier payable represents payables to suppliers of material originating from procurement related with project activities.

130





23.


Utang subkontraktor merupakan utang kepada subkontraktor berdasarkan berita acara progres fisik pekerjaan sehubungan dengan pelaksanaan proyek.

Subcontractor payable represents payables to subcontractor based on official projects physical completion reports.

Utang kepada mandor merupakan upah mandor yang pada akhir tahun buku belum dibayar.

Payables to foreman are for the wages of foremen payable at end of year.

Utang pihak ketiga lainnya merupakan utang atas sewa alat, pemeliharaan dan perbaikan alat di proyek.

Other third parties payables are payables to other third parties for rental, maintenance and repair of equipments related to project activities.

(Lihat Catatan No. 3e dan 45)

(See Note No. 3e and 45)

24. PENDAPATAN DITERIMA DIMUKA


Merupakan pendapatan sewa gedung PP Plaza, dan sewa gedung lainnya termasuk Entitas Anak yang diterima dimuka per 31 Maret 2016 dan 31 December 2015.

UNEARNED REVENUE 31 Desember / December 2015

9,166,209,881

9,626,335,196

(Lihat Catatan No. 3t)

Represents PP Plaza building and Subsidiary rentals paid in advance as of 31 March 2016 and 31 December 2015. (See Notes No. 3t)

25. BEBAN YANG MASIH HARUS DIBAYAR

25.

Merupakan beban yang masih harus dibayar per 31 Maret 2016 dan 31 December 2015 terdiri dari:

ACCRUED EXPENSES Represent accrued expenses as of 31 March 2016 and 31 December 2015 consist of :



Gaji dan Insentif Karyawan Beban Umum Beban Pemeliharaan Fisik Beban Pihak Ketiga Lainnya Tantiem

107,902,735,338 42,973,098,238 30,713,472,748 122,583,314,173 37,412,621,252

58,547,877,390 45,311,614,149 34,687,415,363 155,133,365,459 30,408,000,002

Employees Salaries and Incentive General Expenses Project Maintenance Exp. Other Third Parties kickas Management Bonus

Jumlah Beban Yg Masih Harus Dibayar

341,585,241,749

324,088,272,363

Total Accrued Expenses

Beban gaji dan insentif karyawan yang masih harus dibayar merupakan gaji karyawan yang pada tanggal laporan posisi keuangan belum dibayar, pencadangan atas biaya insentif karyawan berdasarkan surat keputusan Direksi yang pada tanggal laporan posisi keuangan belum dibayar.

Accrued employees salaries and incentive are salaries and provision for incentive in conformity with the decision of the BOD, payable at the reporting date.

131




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 25. BEBAN YANG MASIH HARUS DIBAYAR (lanjutan)

25.

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) ACCRUED EXPENSES (continued)

Beban umum yang masih harus dibayar merupakan pengeluaran untuk kegiatan operasional kantor yang pada tanggal laporan posisi keuangan belum dibayar.

Accrued general expenses are office operating activities expenses accrued at the reporting date.

Beban pemeliharaan fisik yang masih harus dibayar merupakan pencadangan biaya tahun berjalan yang akan dikeluarkan pada masa pemeliharaan proyek.

Accrued project maintenance expenses are allowance for current year maintenance expenses disbursable at project maintenance period.

Beban pihak ketiga lainnya yang masih harus dibayar merupakan utang pembelian barang-barang kebutuhan proyek yang pada tanggal laporan posisi keuangan belum dibayar.

Accrued other third parties expenses originated from project procurement payable at the reporting date.

Utang Tantiem merupakan biaya pencadangan tantiem Direksi dan Komisaris.

Accrued management bonus is an allowance for bonuses for members of the Board of Directors and Board of Commissioners.


(See Note No. 3t)

26. SURAT BERHARGA JANGKA MENENGAH

26.

Merupakan surat berharga jangka menengah per 31 Maret 2016 dan 31 December 2015, terdiri dari :

Represent medium term notes as 31 March 2016 and 31 December 2015, consist of :

31 Maret / March 2016 MTN I PT PP Properti tahun 2016 jatuh tempo tahun 2017 MTN II PT PP Properti tahun 2016 jatuh tempo tahun 2017 MTN tahap XXI PP tahun 2014 jatuh tempo tahun 2017 MTN PT PP Properti tahun 2014 jatuh tempo tahun 2017

Dikurangi Bagian Jangka Pendek

MEDIUM TERM NOTES


150,000,000,000

-

150,000,000,000

-

300,000,000,000

300,000,000,000

30,000,000,000

30,000,000,000

630,000,000,000

330,000,000,000

-

-

MTN PP phase XXI year 2014 Maturity 2017 MTN PP phase XXI year 2014 Maturity 2017 MTN PP phase XXI year 2014 Maturity 2017 MTN I PT PP Properti year 2014 Maturity 2017

Less Curent Portion

Utang Surat Berharga Jangka Menengah - Setelah dikurangi Bagian Jangka Pendek

Medium Term Notes Payables - Net

630,000,000,000

330,000,000,000

Less current portion

a. Penerbitan Surat Berharga Jangka Menengah (Medium Term Notes/ MTN) Tahap XXI sebesar Rp300.000.000.000,- (Tiga Ratus Milyar Rupiah). Jangka waktu 3 tahun sejak tanggal 26 September 2014 sampai dengan 26 September 2017 dengan bunga sebesar 9,8% per tahun.

a Issuance of Medium Term Notes amounting of . IDR300,000,000,000 (Three hundred billion rupiahs) phase XXI- 2014 . Time periode 3 year since 26 September 2014, due date 26 September 2017, interest rate 9,8% p.a.

Pemegang surat berharga dan penerbit telah menunjuk PT Mandiri Securitas sebagai Agen Pemantau dan Agen Jaminan.

The notes holders and issuers had appointed PT Mandiri Securitas as Supervisory Agent and Underwriter.

132




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 26. SURAT BERHARGA JANGKA MENENGAH (lanjutan)

26.

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) MEDIUM TERM NOTES (continued)

Entitas Anak

Subsidiary

a. Penerbitan Surat Berharga Jangka Menengah (Medium Term Notes/MTN) Tahap I PT PP Properti sebesar Rp30.000.000.000,- (tiga puluh milyar rupiah). Jangka waktu 36 bulan sejak tanggal 24 April 2014 sampai dengan 24 April 2017 dengan bunga sebesar 9% per tahun.

a Issuance of Medium Term Notes amounting of . IDR30,000,000,000,- (thirty billion rupiahs) phase I PT PP Properti 2014 . Time periode 36 month since 24 April 2014, due date 24 April 2017, interest rate 9% p.a.

Pemegang surat berharga telah menunjuk PT Bank BRI (Persero) Tbk sebagai Agen Pemantau dan Agen Jaminan.

The notes holders had appointed PT Bank BRI (Persero) Tbk as Supervisory Agent and Underwriter.

b. Penerbitan Surat Berharga Jangka Menengah (Medium Term Notes/MTN) I seri A sebesar Rp60.000.000.000 (enam puluh milyar rupiah). Jangka waktu 18 bulan sejak tanggal 29 Januari 2016 sampai dengan 31 Juli 2017 dengan bunga sebesar 10,85% per tahun. Penerbitan Surat Berharga Jangka Menengah (Medium Term Notes/MTN) I seri B sebesar Rp20.000.000.000 (dua puluh milyar rupiah). Jangka waktu 18 bulan sejak tanggal 5 Februari 2016 sampai dengan 7 Agustus 2017 dengan bunga sebesar 10,85% per tahun. Penerbitan Surat Berharga Jangka Menengah (Medium Term Notes/MTN) I seri C sebesar Rp70.000.000.000 (tujuh puluh milyar rupiah). Jangka waktu 18 bulan sejak tanggal 12 Februari 2016 sampai dengan 14 Agustus 2017 dengan bunga sebesar 10,85% per tahun.

b Issuance of Medium Term Notes Phase I series A amounting . to Rp60.000.000.000 (sixty billion rupiahs). Time periode 18 month since January 29, 2016 due July 31, 2017, interest rate 10,85% p.a. Issuance of Medium Term Notes Phase I series B amounting to Rp20.000.000.000 (twenty billion rupiahs). Time periode 18 month since February 5, 2016 due August 7, 2017, interest rate 10,85% p.a. Issuance of Medium Term Notes Phase I series C amounting to Rp70.000.000.000 (seventy billion rupiahs). Time periode 18 month since February 12, 2016 due August 14, 2017, interest rate 10,85% p.a.

Pemegang surat berharga telah menunjuk PT Kustodian Sentral Efek Indonesia ("KSEI") sebagai Bank Kustodian.

The notes holders had appointed PT Kustodian Sentral Efek Indonesia Tbk as Supervisory Agent and Underwriter.

c. Penerbitan Surat Berharga Jangka Menengah (Medium Term Notes/MTN) II seri A sebesar Rp50.000.000.000 (lima puluh milyar rupiah). Jangka waktu 18 bulan sejak tanggal 26 Februari 2016 sampai dengan 28 Agustus 2017 dengan bunga sebesar 10,85% per tahun. Penerbitan Surat Berharga Jangka Menengah (Medium Term Notes/MTN) II seri B sebesar Rp100.000.000.000 (seratus milyar rupiah). Jangka waktu 18 bulan sejak tanggal 21 Maret 2016 sampai dengan 21 September 2017 dengan bunga sebesar 10,85% per tahun.

c Issuance of Medium Term Notes Phase II series A amounting . to Rp50.000.000.000 (fifty billion rupiahs). Time periode 18 month since February 26, 2016 due August 28, 2017, interest rate 10,85% p.a. Issuance of Medium Term Notes Phase II series B amounting to Rp100.000.000.000 (one hundred billion rupiahs). Time periode 18 month since March 21, 2016 due September 21, 2017, interest rate 10,85% p.a.



133




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 27. UANG MUKA PEMBERI PEKERJAAN DAN KONSUMEN

27.

Merupakan saldo uang muka dari pemberi pekerjaan dan konsumen per 31 Maret 2016 dan 31 Desember 2015, dengan rincian sebagai berikut :

ADVANCES FROM PROJECTS OWNERS AND CONSUMERS Represents advances from project owners and customers as 31 March 2016 and 31 December 2015 with the following details:

31 Maret / March 2016 Uang muka pemberi kerja (jasa konstruksi) Uang muka konsumen (realti)



1,457,418,556,090 112,852,625,564

1,500,915,490,987 108,509,263,198-

Jumlah Uang Muka Pemberi Pekerjaan dan Konsumen

1,570,271,181,654

1,609,424,754,185 -

Terdiri dari :

Advances from projet owners (construction service) Adv. from project cust.(realty) Total Advance of Project Owner and Consumers Consisting of:

Jatuh tempo dalam satu tahun: Uang muka pemberi kerja (jasa konstruksi) Uang muka konsumen (realti)

587,405,864,706 112,852,625,564

589,135,768,418 108,509,263,198-

Sub Jumlah

700,258,490,270

697,645,031,616 -

Maturity in one year Advances from projet owners (construction services) Adv. from projects cust.(realty) Sub Total

Jatuh tempo lebih dari satu tahun: Uang Muka Pemberi Pekerjaan

870,012,691,384

911,779,722,569-

Due in more than one year Advances of projet owners

Sub Jumlah

870,012,691,384

911,779,722,569

Sub Total

1,570,271,181,654

1,609,424,754,185

Total Advance of Project Owner and Consumers


Rincian uang muka pemberi pekerjaan dari konsumen yang diterima adalah sebagai berikut:

The breakdown of advance from project owner and consumer:

31 Maret / March 2016 Uang Muka Pemberi Pekerjaan Pihak Ketiga SNVT PJSA BWS Sulawesi I PT Servo Lintas Raya PT Duta Anggada Realty Tbk PT Tribuana Jaya Raya Dinas PU SNVT Bengawan Solo PT Warna Warni Investama PT Kuala Jaya Realty Dep.Perhubungan, Dirjen Perhubungan, Unit Penyelenggara Dipindahkan


79,298,717,356 60,725,859,464 52,259,523,809 51,007,654,486 48,821,157,706 41,271,140,460 41,181,818,182 33,857,060,727

82,936,352,779 64,684,551,906 69,486,091,419 55,123,239,038 28,761,326,718 42,510,000,000 41,181,818,182 -

408,422,932,190

384,683,380,042 134

Advances of projet owners Third Parties SNVT PJSA BWS Sulawesi I PT Servo Lintas Raya PT Duta Anggada Realty Tbk PT Tribuana Jaya Raya Dinas PU SNVT Bengawan Solo PT Warna Warni Investama PT Kuala Jaya Realty Dep.Perhubungan, Dirjen Perhubungan, Unit Penyelenggara Bandar Udara Raden Inten II Carried Forward




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 27. UANG MUKA PEMBERI PEKERJAAN DAN KONSUMEN (lanjutan)

27.

31 Maret / March 2016 Pindahan PT Energi Prima Nusantara PT Pahala Agung PT Cahaya Bandung Jaya PT Greenland Garden Realty PT Petrokimia Gresik Satker Pelaksanaan Jalan Nasional Prov. Kepri PT Sinar Galesong P-PT Ciputra VM.JO Kementrian PU dan Perumahan Rakyat, Sumatera Utara PT Kalla Inti Karsa Dinas PU Balai Besar Wilayah Sungai Pemali Juana PT Semen Padang PT Pakuwon Jati Tbk PT Sun Property Abadi PT Triniti Dinamik PT Sejahtera Alam Energy Kementrian PU dan Perumahan Rakyat PT Multi Karya Utama Abadi PT Duta Senawijaya Mandiri Kementrian PU SNVT PJSA Sumatera II PT Kurnadi Abadi PT Pakuwon Permai PT Centurion Perkasa Iman PT Satria Pusaka Permata Perkasa PT Freeport Indonesia PT Perkasa Internusa Mandiri PT Trimitra Propertindo PT Sutera Agung Properti PT Misi Mulia Petronusa PT Kebayoran Puspita Dipindahkan

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) ADVANCES FROM PROJECTS OWNERS AND CONSUMERS (continued)


408,422,932,190 32,912,760,304 32,721,791,488 32,090,288,001 29,208,696,091 26,890,528,665 24,606,826,077

384,683,380,042 35,323,597,248 37,674,467,584 35,502,509,819 15,341,555,677 29,522,105,560 24,606,826,077

24,180,995,708

28,187,329,146

23,645,454,545

23,645,454,545 Kementrian PU dan Perumahan Rakyat, Sumatera Utara

22,480,754,587 18,568,054,331 18,240,484,241

35,792,818,200 23,132,640,171 18,843,475,455

PT Kalla Inti Karsa Dinas PU Balai Besar Wilayah Sungai Pemali Juana

17,933,334,076 17,899,306,406 17,839,904,658 17,456,027,578 15,861,703,950 15,526,216,965

31,052,754,514 21,237,604,437 4,796,158,172 18,937,054,080 16,912,271,850 17,785,276,909

PT Semen Padang PT Pakuwon Jati Tbk PT Sun Property Abadi PT Triniti Dinamik PT Sejahtera Alam Energy Kementrian PU dan Perumahan Rakyat

15,018,691,588 14,909,090,909 14,545,454,545

15,018,691,588 14,909,090,909 14,545,454,545

PT Multi Karya Utama Abadi PT Duta Senawijaya Mandiri Kementrian PU SNVT PJSA Sumatera II

14,280,223,637 13,650,257,791 12,813,704,673 12,714,049,206 12,423,665,500 12,166,792,466 10,841,886,982 10,822,525,236 10,057,532,577 9,572,705,455 960,302,640,426

17,061,125,677 14,734,760,520 17,313,262,753 17,982,846,020 14,665,629,978 2,985,067,600 16,952,266,054 28,627,999,065 11,953,941,819 989,727,416,014

PT Kurnadi Abadi PT Pakuwon Permai PT Centurion Perkasa Iman PT Satria Pusaka Permata Perkasa PT Freeport Indonesia PT Perkasa Internusa Mandiri PT Trimitra Propertindo PT Sutera Agung Properti PT Misi Mulia Petronusa PT Kebayoran Puspita Carried Forward

135

Brought Forward PT Energi Prima Nusantara PT Pahala Agung PT Cahaya Bandung Jaya PT Greenland Garden Realty PT Petrokimia Gresik Satker Pelaksanaan Jalan Nasional Prov. Kepri PT Sinar Galesong P-PT Ciputra VM.JO





27.




960,302,640,426 989,727,416,014 Brought Forward Pindahan 9,505,784,298 10,000,000,000 Kementerian PU & PR Cipta Karya KRIMSUS Kementerian PU & PR Cipta Karya KRIMSUS PT Bumi Megah Graha Asri 9,472,097,539 9,613,757,599 PT Bumi Megah Graha Asri PT Citicon Propertindo 9,207,042,576 11,998,142,576 PT Citicon Propertindo PT Menara Perkasa Margahayuland 9,087,122,133 9,087,122,133 PT Menara Perkasa Margahayuland PT Prima Bintaro Royale 9,025,252,275 9,853,231,365 PT Prima Bintaro Royale PT Puri Pariwara 8,909,090,909 1,363,636,364 PT Puri Pariwara PT Patra Berkah Itqoni 8,727,228,636 8,727,228,636 PT Patra Berkah Itqoni Dinas PU DKI Jakarta 8,621,693,638 12,679,684,547 Dinas PU DKI Jakarta PT Samator Land 7,986,158,665 10,228,528,915 PT Samator Land PT Radinka Quatro Land 7,021,587,272 7,404,829,090 PT Radinka Quatro Land PT Tiara Abadi Nirmala 6,923,001,713 7,062,742,050 PT Tiara Abadi Nirmala Dinas PU Kalimantan Timur 6,695,010,667 9,239,924,056 Dinas PU Kalimantan Timur PT Hotel Nirwana 6,372,363,636 PT Hotel Nirwana Kementrian PUPR, Dirjen Bina Marga, Satker 5,977,284,736 PJN Metropolitan Jakarta 8,223,484,933 Kementrian PUPR, Dirjen Bina Marga, Satker PJN Metropolitan Jakarta PT Bintan Cipta Cemerlang 5,938,839,940 5,938,839,940 PT Bintan Cipta Cemerlang PT Prasetya Agung Cipta Abadi 5,757,854,848 12,140,714,453 PT Prasetya Agung Cipta Abadi PT Megatama Putra 5,699,423,700 7,001,298,600 PT Megatama Putra PT Emer Citra Agung 5,545,454,545 PT Emer Citra Agung PT Waska Sentana 5,308,004,256 5,308,004,256 PT Waska Sentana Perguruan Tinggi Kristen Petra - Surabaya4,873,940,908 7,256,149,999 Perguruan Tinggi Kristen Petra - Surabaya JO Ciputra Karya Panca Sakti Nugraha 4,758,688,371 4,758,688,371 JO Ciputra Karya Panca Sakti Nugraha PT Cassia Resort Investment 4,747,126,180 7,687,126,180 PT Cassia Resort Investment PT Griya Cipta Optimal 4,639,175,257 5,000,000,000 PT Griya Cipta Optimal PT Grage Trimitra Usaha 4,396,597,576 3,299,727,272 PT Grage Trimitra Usaha PT Pancakarya Griyatama 4,279,540,600 4,279,540,600 PT Pancakarya Griyatama PT Trans Marga Jateng 3,917,864,082 20,957,881,818 PT Trans Marga Jateng PT Tanrise Indonesia 3,686,825,454 3,686,825,454 PT Tanrise Indonesia KSO Merdeka Media Group & Ronov Indonesia 3,622,252,140 3,622,252,140 KSO Merdeka Media Group & Ronov Indonesia PT Kunci Utama Sukses 3,435,256,109 3,435,256,109 PT Kunci Utama Sukses Universitas Padjajaran 3,239,157,721 7,018,175,061 Universitas Padjajaran PT Lintas Insana Wisesa 3,237,523,091 3,237,523,091 PT Lintas Insana Wisesa JGC Corporation 3,195,681,591 3,195,681,591 JGC Corporation PT Graha Masindo Pratama 2,950,000,000 8,348,400,000 PT Graha Masindo Pratama Dinas Kesehatan Provinsi Pekanbaru 2,920,637,163 4,467,272,727 Dinas Kesehatan Provinsi Pekanbaru PT Bimasakti Jaya Abadi 2,842,773,662 4,796,361,262 PT Bimasakti Jaya Abadi 1,162,825,976,313 1,230,645,447,202 Carried Forward Dipindahkan 136





27.




1,162,825,976,313 Pindahan PT Sarana Meditama Anugerah 2,809,006,502 PT Mahardika Agung Lestari 2,782,979,950 Dinas PU Kab. Nunukan 2,736,782,826 PT Bumi Anugrah Sakti 2,461,840,605 PT Cirebon Hotel And Convention 2,443,895,057 PT Graha Sarana Duta 2,389,668,000 PT Danau Winata Indah 2,385,664,271 PT Nusantara Prospekindo Sukses 2,317,972,800 PT Bukit Nusa Harapan 2,219,941,060 PT Nusa Raya Cipta 2,105,482,176 PT Galuh Citarum 1,818,936,363 PT Merpati Abadi Sejahtera 1,724,475,760 PT Graha Multi Insani 1,676,907,083 PT Graha Senggigi 1,643,804,106 PT Vidi Mandiri 1,611,428,568 PT Catur Jaya 1,438,746,816 PT Metropolitan Land Tbk 1,390,000,001 PT Cahaya Baru Raya Realty 1,345,099,016 PT Citra Raya Medika 1,315,945,100 PT Muara Wisesa Samudra 1,115,768,578 Kementerian Infrastruktur Timor Leste 1,083,826,940 Hyundai Engineering & Const. Co., Ltd 1,012,017,042 PT Citra Raya Medika PT Duta Indah Iconic PT Graha Kencana Abadi PT Hotel Properti Internasional PT Mandiri Cipta Gemilang PT Mutiara Mitra Sejahtera PT Satu Stop Sukses PT Total Bangun Persada PT Trans Ritel Properti Yeni Wijaya PT Win Win Realty Centre Lain-lain di bawah Rp 1 Milyar 14,036,840,730

1,230,645,447,202 1,621,818,450 1,348,047,410 3,911,824,500 2,461,840,605 2,443,895,057 4,867,602,000 2,385,664,271 4,642,488,300 2,457,915,057 3,449,862,485 1,296,370,192 1,781,243,376 1,818,050,083 5,006,129,220 1,611,428,568 4,142,746,816 1,390,000,001 1,115,768,578 6,886,690,790 2,900,949,458 1,315,945,100 1,427,185,208 1,367,693,553 9,115,468,316 1,621,820,075 1,039,621,289 2,500,000,000 1,398,915,768 2,816,531,838 1,403,181,819 1,014,695,669 9,850,951,291

Brought Forward PT Sarana Meditama Anugerah PT Mahardika Agung Lestari Dinas PU Kab. Nunukan PT Bumi Anugrah Sakti PT Cirebon Hotel And Convention PT Graha Sarana Duta PT Danau Winata Indah PT Nusantara Prospekindo Sukses PT Bukit Nusa Harapan PT Nusa Raya Cipta PT Galuh Citarum PT Merpati Abadi Sejahtera PT Graha Multi Insani PT Graha Senggigi PT Vidi Mandiri PT Catur Jaya PT Metropolitan Land Tbk PT Cahaya Baru Raya Realty PT Citra Raya Medika PT Muara Wisesa Samudra Kementerian Infrastruktur Timor Leste Hyundai Engineering & Const. Co., Ltd PT Citra Raya Medika PT Duta Indah Iconic PT Graha Kencana Abadi PT Hotel Properti Internasional PT Mandiri Cipta Gemilang PT Mutiara Mitra Sejahtera PT Satu Stop Sukses PT Total Bangun Persada PT Trans Ritel Properti Yeni Wijaya PT Win Win Realty Centre Other of less than 1 Billions


1,323,057,792,345


1,218,693,005,663

137





27.

31 Maret / March 2016 Pihak Berelasi PT Jasa Marga (Persero) Tbk PT Prima Multi Terminal PT Inpola Meka Energy PT Bio Farma (Persero) PT Pelindo III (Persero) PT Indonesia Power PT PLN (Persero) Lain-lain di bawah Rp 1 Milyar Sub Jumlah Pihak Berelasi Jumlah Uang Muka Pemberi Pekerjaan



110,596,756,636 73,568,157,383 26,067,363,636 11,268,171,162 8,684,918,184 8,116,959,282 423,224,144

44,836,363,636 80,789,171,055 10,067,363,636 14,280,480,546 14,474,863,638 8,362,458,450 5,046,997,681 -

Related Parties PT Jasa Marga (Persero) Tbk PT Prima Multi Terminal PT Inpola Meka Energy PT Bio Farma (Persero) PT Pelindo III (Persero) PT Indonesia Power PT PLN (Persero) Other of less than 1 Billions

28,493,272,772

42,164,800,315


1,247,186,278,435

1,365,222,592,660

Total Advances of projet owners

Uang Muka Konsumen Grand Kamala Lagoon Grand Sungkono Lagoon Paviliun Permata I The Ayoma Apartement Paviliun Permata II Gunung Putri Apartment Patria Park Bukit Permata Puri I FX Residence Graha Bukopin Entitas Anak PT HKM Entitas Anak PT GSN Lain-lain di bawah Rp 1 Milyar Sub Jumlah Jumlah Uang Muka Pemberi Pekerjaan dan Konsumen

Advances of consumers 14,112,607,600 12,934,049,826 9,127,138,095 7,942,368,285 4,355,621,267 3,902,394,609 3,493,594,577 2,438,339,076 1,786,414,812 28,147,453,927 21,822,186,387 2,790,457,103

15,074,498,845 13,782,390,444 8,894,954,461 7,067,820,893 3,794,483,336 2,584,503,668 3,000,339,076 1,786,414,812 28,897,453,927 21,537,545,307 2,088,858,429

Grand Kamala Lagoon Grand Sungkono Lagoon Paviliun Permata I The Ayoma Apartement Paviliun Permata II Gunung Putri Apartment Patria Park Bukit Permata Puri I FX Residence Graha Bukopin Subsidiary PT HKM Subsidiary PT GSN Other of less than 1 Billions

112,852,625,564

108,509,263,198

Sub Total

1,473,731,855,858


1,360,038,904,000

138




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 28. UTANG SEWA GUNA USAHA

28.

Merupakan utang sewa guna usaha per 31 Maret 2016 dan 31 Desember 2015 terdiri dari :

Jumlah Dikurangi bagian yang jatuh tempo dalam satu tahun Utang Sewa Guna Usaha Setelah dikurangi Bagian Jangka Pendek

LEASING PAYABLE Represent leasing payable as 31 March 2016 and 31 December 2015, consist of :

31 Maret / March 2016 Utang Sewa Guna Usaha PT Dana Unico Finance PT Orix Indonesia Finance PT CSUL PT Mandiri Tunas Finance PT Toyota Astra Finance PT Panin Bank PT IBJ Verena Finance Otto Multiartha PT Astra Credit Company PT Dipo Star Finance



15,165,161,802 11,536,743,488 4,045,566,043 1,787,686,821 1,168,173,601 272,587,530 23,661,900 31,471,047 21,505,774 -

17,258,602,740 14,241,218,678 4,874,786,514 2,014,213,745 1,411,355,549 351,975,010 47,436,015 70,483,281 53,570,425 -

34,052,558,006

40,323,641,957

8,221,012,051

14,492,096,002

25,831,545,955

25,831,545,955

29. UTANG JANGKA PENDEK LAINNYA


Leasing Payable PT Dana Unico Finance PT Orix Indonesia Finance PT CSUL PT Mandiri Tunas Finance PT Toyota Astra Finance PT Panin Bank PT IBJ Verena Finance Otto Multiartha PT Astra Credit Company PT Dipo Star Finance Total Less due in more than one year Leasing Payable - Net Less Current Portion

OTHER SHORT TERM LIABILITIES 31 Desember / December 2015

Bunga Jaminan Penyewa Mall Uang Jaminan Konsumen Iuran Karyawan Lain lain

11,162,604,865 7,510,023,939 1,878,742,320 554,349,275 51,361,169,938

7,872,148,117 7,779,343,939 1,616,122,320 350,914,524 50,477,938,562

Interest Tenant Guarantee Customers Deposits Employees Contribution Others

Jumlah Utang Jangka Pendek Lainnya

72,466,890,337

68,096,467,462

Total Other Short Term Liabilities

Uang Jaminan Konsumen merupakan penerimaan jaminan sewa ruang dan saluran telepon dari unit properti dan entitas anak. Iuran Karyawan merupakan iuran pensiun dan jamsostek/ BPJS yang belum disetor.

Customers deposits are guarantees received from customers for rents and telephone bills at the Subsidiary.

Utang Jaminan Penyewa Mall merupakan dana yang diserahkan oleh penyewa selama masa sewa.

Guarantees of mall tenants are guarantees paid by tenants during their lease periods.

Employees contributions are contributions of employees payable to Jamsostek/ BPJS

139




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 30. LIABILITAS PROGRAM IMBALAN KERJA

30.

Merupakan liabilitas program pensiun dan manfaat pasca kerja karyawan per 31 Maret 2016 dan 31 Desember 2015 terdiri dari :

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) LIABILITIES OF EMPLOYMENT BENEFITS Represents of liabilitas pension program and post employment benefits as of 31 March 2016 and 31 December 2015 consist of:



Liabilitas Program Pensiun (DP3) Liabilitas Manfaat Karyawan (Taper)

78,545,556 -

113,842,892 -

Liabilitas - Bersih

78,545,556

113,842,892

*) Disajikan Kembali (Catatan No. 54)

Liabilities of Pension Program (DP3) LiabilitiesEmployee - Benefits(Taper) Net Liabilitas *) Restated ( Note 54)

a. Program Pensiun

a. Pension Program

PT PP (Persero) Tbk dan entitas anak menyelenggarakan program pensiun manfaat pasti (PSL) untuk seluruh karyawan tetap yang berumur tidak lebih dari 55 tahun sejak diangkat menjadi pegawai tetap. Jumlah karyawan yang diikutsertakan dalam program pensiun untuk tahun 2015, 2014 dan 2013 adalah 635, 622 dan 601 karyawan. Dana pensiun ini dikelola oleh Dana Pensiun PT PP (Persero) Tbk yang telah mendapat pengesahan dari Menteri Keuangan Nomor: KEP-372/KM.6/2003 tanggal 31 Oktober 2003.

PT PP (Persero) Tbk and subsidiary provides defined benefit pension program for all permanent employees of not more 55 years in age. The total number of employees participated in the pension program for the years 2015, 2014 and 2013 is 635, 622 and 601 employees respectively. The pension fund is managed by PT PP (Persero) Tbk Pension Fund, as approved by the Minister of Finance with his letter No. KEP372/KM.6/2003 dated 31 October 2003.

Kontribusi iuran sebelum UU No.11 tahun 1992, perusahaan memberikan kontribusi iuran sebesar 16,9% dan karyawan menanggung sebesar 7,5% dihitung dari penghasilan dasar pensiun per bulan. Kontribusi iuran setelah UU No.11 tahun 1992, perusahaan memberikan kontribusi iuran sebesar 13,9% dan karyawan menanggung sebesar 4,5% dihitung dari penghasilan dasar pensiun per bulan.

The contribution prior to the adoPTion of Law No.11 year 1992 is: by the Company 16,9% and by the employees 7,5% of the employees monthly basic pension salaries. `After the adoPTion of the Law No.11 year 1992, the contribution is: by the Company 13,9% and by the employees 4,5% of the employees monthly basic pension salaries.

Penilaian beban manfaat karyawan-pensiun dan aset imbalan pasca kerja - pensiun tahun 2015, 2014 dan 2013 sesuai dengan PSAK No.24 (Revisi 2013) dilakukan oleh PT Bestama Aktuaria, aktuaris independen dengan laporan No. 15016/PP/EP/01/2016 tanggal 11 Januari 2016 dan No. 15045/PPP/EP/02/2016 tanggal 18 Pebruari 2016. Asumsi-asumsi aktuaria yang digunakan adalah sebagai berikut :

Cost assessment of employees pension benefit and asset of post employment benefits for the years 2015, 2014 and 2013, in conformity with SFAS No.24 (Revised 2013) is made by PT Bestama Aktuaria, an independent actuary with his report No. 15016/PP/EP/01/2016 dated 11 January 2016 and No. 15045/PPP/EP/0/2016 dated 18 February 2016. The followings are the actuary assumptions which are used:

140






(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 30. LIABILITAS PROGRAM IMBALAN KERJA (lanjutan) Metode Perhitungan Aktuaria Tingkat Diskonto 2016 & 2015 Tingkat Kenaikan PhDP 2016 & 2015 Tingkat Pensiun

Projected Unit Credit Method

:

: : : :

9.10%

: : : :

:

5% per tahun / each year Seluruh pekerja yang telah memasuki usia pensiun normal (55 tahun) akan segera pensiun/All employees which have entered into pension age (55 years old) will retire immediately 2% pada usia 25 tahun menurun secara linear sampai dengan usia 44 tahun dan sama setiap tahun dari usia 45 tahun sampai dengan 54 tahun/ 2 % at age 25 years decreased linearly old and subsequently decrease in straight-line manner from 45 years to 54 years 10% dari tingkat kematian/10% of mortality rate

Rekonsiliasi liabilitas manfaat pensiun yang diakui di laporan posisi keuangan per 31 Maret 2016 dan 31 Desember 2015 sebagai berikut :

Liabilitas Bersih Akhir Tahun/ Periode

Valuation method of actuary Discount Rate 2016 & 2015 PhDP Growth 2016 & 2015 Pension Rate

Rate of Resignation

:

Rate of disability

Reconciliation pension of liabilities of the pension benefits which is recognized in the statement of financial position as of 31 March 2016 and 31 December 2015 is as follows:

31 Maret / March 2016 Nilai Kini Liabilitas Imbalan Pasti Nilai Wajar Aset Program Defisit/ (Surplus) Batas Atas Aset

LIABILITIES OF EMPLOYMENT BENEFITS (continued)

:

Tingkat pengunduran diri

Tingkat cacat

30.


113,842,892

53,740,329,330

(35,297,336) 78,545,556 -

(85,296,632,035) (31,556,302,705) 31,670,145,597

Current Value - Defined Benefit Obligation Fair Value of Asset Deficit/ (Surplus) Ceiling Asset

78,545,556

113,842,892

Net Liabilities End of the Year/ Period

141




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 30. LIABILITAS PROGRAM IMBALAN KERJA (lanjutan)

30.

Rekonsiliasi perubahan pada liabilitas manfaat pensiun yang diakui di laporan posisi keuangan sebagai berikut:

Pengukuran kembali liabilitas/ aset periode berjalan Jumlah Pembayaran iuran periode berjalan Liabilitas Bersih Akhir Tahun/ Periode


113,842,892 (29,397,050)

6,952,080,571

(5,900,286)

(1,539,162,644)

(35,297,336)

5,412,917,927 (5,299,075,035)

Total Payment of dues for the period

78,545,556

113,842,892


Rekonsiliasi keuntungan (kerugian) aktuaria dari program imbalan pasca kerja yang diakui pada pendapatan komprehensif sebagai berikut:


(29,438,709,481)

(30,977,872,125)

(576,872,270)

1,539,162,644

(30,015,581,751)

(29,438,709,481)

komprehensif lain periode berjalan Pendapatan Komprehensif Akhir Tahun

Net Liabilities - Beginning of Year Cost of Employee Benefit C Amounts recognized in profit o or loss Remeasurement liabilities/assets current period

Reconciliation of profit (loss) of the actuarial program postemployee benefits are recognized in comprehensive income are following:

31 Maret / March 2016 Pendapatan komprehensif lain awal tahun Pendapatan

LIABILITIES OF EMPLOYMENT BENEFITS (continued) Reconciliation of changes in retirement benefit liabilities recognized in the statement of financial position as follows:

31 Maret / March 2016 Liabilitas Bersih Awal Tahun Biaya Imbalan Pasti Jumlah yang diakui dalam laba rugi


Lain

142

Other comprehensive incomebeginning of year Other comprehensive incomecurrent Total Other Comprehensive Income-Ending of Year





30.

b. Manfaat Karyawan

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) LIABILITIES OF EMPLOYMENT BENEFITS (continued) b. Employee Benefit

Perusahaan menyelenggarakan program manfaat PHK karyawan (post-retirement benefit) sesuai UndangUndang Ketenagakerjaan No.13 tahun 2003 tentang Penyelesaian Pemutusan Hubungan Kerja dan Penetapan Uang Pesangon. Ada pendanaan yang dilakukan sehubungan dengan program tersebut yaitu program manfaat karyawan perusahaan (Tabungan Perusahaan/TAPER) yang dikelola secara terpisah oleh Yayasan Kesejahteraan Karyawan Pembangunan Perumahan (YKKPP) yang didirikan dengan akte No.1 notaris Eliza Pondaag tanggal 1 Oktober 1960 dan telah beberapa kali mengalami perubahan, terakhir dengan akte No. 66 notaris Imas Fatimah, SH tanggal 3 Januari 1994. Jumlah karyawan yang berhak memperoleh manfaat tersebut sampai dengan 31 Maret 2016 dan 31 Desember 2015, masing-masing sebanyak 1.718 dan 1.718 karyawan.

The Company provides employees post retirement benefit program in accordance with the Labour law No.13 year 2003 on Settlement of Severance of Work Relation and Regulation of Separation Pay. In connection with the employee benefits program, the Company provides fund which is deposited in the Company's saving / TAPER and is managed separately by Yayasan Kesejahteraan Karyawan Pembangunan Perumahan (YKKPP) which was established by deed No.1 of the public notary Eliza Pondaag dated 1 October 1960 as was amended several times, the latest of which was by the deed No.66 of the public notary Imas Fatimah, SH dated 3 January 1994. The total number of employees eligible for the benefits until 31 March 2016 dan 31 December 2015, are 1.718 dan 1.718 employees respectively.

Penilaian beban manfaat karyawan dan aset (liabilitas) imbalan pasca kerja 31 Desember 2015, 2014 dan 2013 sesuai dengan PSAK No. 24 (Revisi 2013) dilakukan oleh PT Bestama Aktuaria, aktuaris independen dengan laporan No.15016/PP/EP/01/2016 tanggal 11 Januari 2016. Asumsi-asumsi aktuaria yang digunakan adalah sebagai berikut :

The assessment of employee benefit expense and asset (liability) of post-employment benefit as of 31 December 2015, 2014 and 2013 in accordance with SFAS No.24 (Revised 2013) was made by PT Bestama Aktuaria, independent actuaries with report No.15016/PP/EP/01/2016 dated 11 January 2016. The followings are the actuarial assumptions used:

Metode Perhitungan Aktuaria Tingkat Diskonto - 2016 & 2015 Tingkat Kenaikan Upah 2016 & 2015 Tingkat pengunduran diri

: : : :

Tingkat cacat

:

Projected Unit Credit Method 9,10% per tahun/each year 8,5% per tahun/each year 10% pada usia 20 tahun dan menurun secara linear sampai dengan 0 pada UPN 10 % at age 20 years decreased linearly to 0 (zero) on UPN 10% dari tingkat kematian/10% of mortality rate

143

: : : :

Valuation method of actuary Discount Rate - 2016 & 2015 Salary Growth - 2016 & 2015 Rate of Resignation

:

Rate of disability





30.

Rekonsiliasi liabilitas manfaat pasca kerja karyawan (TAPER) yang diakui di laporan posisi keuangan sebagai berikut:


114,214,005,744

(23,786,349,772) (23,786,349,772) 23,786,349,772

(138,000,355,516) (23,786,349,772) 23,786,349,772

-

-


Rekonsiliasi perubahan pada liabilitas imbalan kerja yang diakui di laporan posisi keuangan sebagai berikut:

Current Value - Defined Benefit Obligation Fair Value of Asset Deficit/ (Surplus) Ceiling up to Asset Net Liabilities End of the Year/ Period

Reconciliation of changes in employee benefits liabilities are recognized in the statement of financial position are following:


LIABILITIES OF EMPLOYMENT BENEFITS (continued) Reconciliation of post-employment employee benefit liabilities (Company's Saving) recognized in the statement of financial position are as follows:




-

10,035,241,485

8,083,548,938

Pengukuran kembali liabilitas/ aset periode berjalan Jumlah Pembayaran iuran periode berjalan

(6,935,241,485)

2,916,451,062

3,100,000,000 (3,100,000,000)

11,000,000,000 (11,000,000,000)


-

-

144

Net Liabilities-Beginning of Year Cost of Employee Benefit Amounts recognized in profit or loss Remeasurement liabilities/assets current period Total Payment of dues for the period Net Liabilities End of the Year/ Period





30.


LIABILITIES OF EMPLOYMENT BENEFITS (continued) Reconciliation of profit (loss) of the actuarial program postemployee benefits are recognized in comprehensive income as follows:




1,261,574,898

(1,654,876,164)

Other comprehensive incomebeginning of year

6,935,241,485

2,916,451,062

Other comprehensive income for the period

8,196,816,383

1,261,574,898

Other Comprehensive Income-Ending of Year


Lain

(Lihat Catatan No. 3s)

(See Notes No. 3s)

31. UTANG JANGKA PANJANG


LONG TERM LIABILITIES 31 Desember / December 2015

Pihak Ketiga PT CIMB Niaga Tbk Sub Jumlah Pihak Ketiga

Third Parties 57,434,629,218

119,111,299,960

57,434,629,218

119,111,299,960

Pihak Berelasi PT Bank BTN (Persero) Tbk PT Bank Syariah Mandiri PT Bank BRI (Persero) Tbk Lembaga Pembiayaan Ekspor Indonesia Sub Jumlah Pihak Berelasi Dikurangi bagian yang jatuh tempo dalam satu tahun : PT Bank BRI (Persero) Tbk PT Bank BTN (Persero) Tbk PT CIMB Niaga Tbk Lembaga Pembiayaan Ekspor Indonesia Jumlah Utang Jangka Panjang

PT CIMB Niaga Tbk Sub Total Third Parties Related Parties

285,530,250,000 46,392,083,333 21,098,814,219 44,906,802,359

344,610,000,000 178,852,571,778 26,990,777,064 47,738,140,653

PT Bank BTN (Persero) Tbk PT Bank Syariah Mandiri PT Bank BRI (Persero) Tbk Lembaga Pembiayaan Ekspor Indonesia

397,927,949,911

598,191,489,495

Sub Total Related Parties Less due in more than one year

12,659,288,535 50,000,000,000 9,995,036,919

16,879,051,380 90,075,078,012 25,899,436,041

432,708,253,675

584,449,224,022

145

PT Bank BRI (Persero) Tbk PT CIMB Niaga Tbk Lembaga Pembiayaan Ekspor Indonesia Total Long-Term Total






(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 31. UTANG JANGKA PANJANG (lanjutan)

31.

LONG TERM LIABILITIES (continued)

a. PT CIMB Niaga Tbk Adalah utang bank atas Entitas Anak PT PP Properti. Utang kepada PT CIMB NIAGA Tbk merupakan Fasilitas Kredit Konstruksi (KYG) untuk pembangunan "Apartemen Grand Sungkono Lagoon Tower Venetian" beserta sarana/prasarana sesuai dengan Akta Perjanjian Kredit No. 13 tanggal 17 Nopember 2014 dari Notaris Ny Esther Agustina Ferdinandus S.H. Nilai maksimum Plafond Kredit sebesar Rp190.000.000.000 (seratus sembilan puluh milyar rupiah) dengan jangka waktu 42 (empat puluh dua) bulan dengan tingkat bunga sebesar 11% (sebelas persen) per tahun.

a. PT CIMB Niaga Tbk Is Loan for subsidiary company PT PP Properti. Loan to PT Bank CIMB NIAGATbk originated from Construction Credit Facility (KYG) for the construction of Grand Sungkono Lagoon Apartment Tower Venetian and its facilities and infrastructure, under Credit Agreement Number13 dated November 17, 2014 of the Notary Esther Agustina Ferdinandus S.H. The maximum value of the Credit Ceiling is Rp190.000.000.000 (one hundred and ninety billion rupiahs) for a period of 42 (fourty two) months with an interest rate of 11% (eleven percent) per annum.

b. PT UOB

b. PT DBS

Adalah utang bank atas Entitas Anak PT PP Peralatan. Merupakan pinjaman investasi dengan tingkat bunga 11% pa effective, jangka waktu 60 bulan, dengan jaminan aset bekisting dan kolom service senilai Rp12.615.563.463,61,- satu tower cranes senilai Rp3.817.489.030,- serta primary and secondary speed shore senilai Rp7.561.213.143,-.

Is Loan for subsidiary company PT PP Peralatan. An investment loan with an interest rate of 11% pa effective, a period of 60 months, with the guarantee asset and column service IDR12,615,563,463.61, - one tower cranes IDR3,817,489,030, and then primary and secondary speed shore IDR7,561,213,143, -. c. PT Bank BTN (Persero) Tbk

c. PT Bank BTN (Persero) Tbk Fasilitas kredit pada entitas anak - PT PP Pracetak:


Merupakan hutang bank kepada bank BTN sesuai perjanjian kredit swadana No.00211201412290000007 tanggal 31 Desember 2014 perihal perjanjian kredit dengan persyaratan sebagai berikut:

Long Term Bank Loan based on Swadana Agreement No.00211201412290000007 dated 31 December 2014 regarding the credit agreement with the following requirements:

-

Rp50.000.000.000 13 Bulan 0,75% di atas bunga deposito deposito sebesar Rp56.000.000.000 Perjanjian Kredit Swadana No. 002112015093000002 Tanggal 30 September 2015 perihal Perjanjian Kredit dengan ketentuan:

-

-

-



= = = =

= = = =

Credit Limit Loan Period Interest Rate Guarantee

= = = =

IDR50,000,000,000 13 Months 0.75% above the deposit rate deposit IDR56,000,000,000

Swadana Credit Agreement Number 002112015093000002 Dated 30 September 2015 regarding the Credit Agreement with the following provisions:

Rp11.960.000.000 16 Bulan 0,75% di atas bunga deposito deposito sebesar Rp13.000.000.000

146


= = = =








31.

LONG TERM LIABILITIES (continued) c. PT Bank BTN (Persero) Tbk (continued)

c. PT Bank BTN (Persero) Tbk (lanjutan) Perjanjian Kredit Swadana No. 0021120151229000001 Tanggal 29 Desember 2015 perihal Perjanjian Kredit dengan ketentuan:

Swadana Credit Agreement Number 0021120151229000001 Dated December 29, 2015 under the following provisions:

-

Rp38.000.000.000 13 Bulan 0,75% di atas bunga deposito deposito sebesar Rp40.000.000.000 Perjanjian Kredit Swadana Tanggal 31 Desember 2015 perihal Perjanjian Kredit No. 0021120151231000003 dengan limit kredit Rp30.000.000.000; No. 0021120151230000003 dengan limit kredit Rp38.000.000.000; No. 0004720151230000010 dengan limit kredit Rp10.000.000.000; Jaminan pinjaman adalah deposito sejumlah Rp81.200.000.000 dengan ketentuan sebagai berikut:

-

- Masa Pinjaman = 13 Bulan - Tingkat Bunga = 0,75% di atas bunga deposito

- Loan Period - Interest Rate

Fasilitas kredit pada entitas anak - PT PP Properti:

Credit facility in subsidiary - PT PP Propertiy:

Utang Bank Jangka Panjang sebesar Rp250.000.000.000 (dua ratus lima puluh milyar rupiah) merupakan kewajiban kepada PT Bank Tabungan Negara (Persero) Tbk sesuai akta Perjanjian No.1571 tanggal 30 Desember 2014 oleh Notaris Joko Suryanto, SH dengan jangka waktu 60 (enam puluh) bulan dengan tingkat suku bunga sebesar 11,50% (sebelas koma lima nol persen) per tahun.

Long-Term Bank Loans for IDR250,000,000,000 (two hundred and fifty billion rupiahs) an obligation to the PT Bank Tabungan Negara (Persero), Tbk appropriate certificate No. 1571 Agreement dated 30 December 2014 by Notary Joko Suryanto, SH with a period of 60 (sixty) months with an interest rate of 11.50% (eleven point five zero percent) per year.

Agunan atas fasilitas yang diterima adalah tanah lokasi proyek dan bangunan yang telah ada maUpun yang akan berdiri atas tanah Apartemen Grand Kamala Lagoon Tower Emerald South & North berlokasi di kelurahan Pekayon Jaya, kecamatan Pekayon Jaya, kota Bekasi seluas lebih kurang 8.940 m2 (delapan ribu sembilan ratus empat puluh) dan bukti kepemilikan SHGB No. 8475 dan APH No. 8 tanggal 22 Februari 2014.

Collateral received for facility project site is land and existing buildings or would be standing on the ground of Apartement Grand Kamala Lagoon Tower Emerald South and North is located in the Pekayon Jaya Village, Sub Pekayon Jaya, Bekasi area of approximately 8,940 m2 (eight thousand nine hundred and forty) and proof of ownership SHGB No. 8475 and APH No. 8 dated 22 February 2014.


= = = =


= = = =


Swadana Credit Agreement dated December 31, 2015 No. 0021120151231000003 with credit limit IDR30,000,000,000; No. 0021120151230000003 with credit limit IDR38,000,000,000; No. 0004720151230000010 with credit limit IDR10,000,000,000. The loan collateral is pledged deposits amount IDR81,200,000,000 under the following provisions:

147

= 13 Months = 0.75% above the deposit rate







31.

LONG TERM LIABILITIES (continued) d. PT Bank Rakyat Indonesia (Persero) Tbk

d. PT Bank Rakyat Indonesia (Persero) Tbk Fasilitas kredit pada entitas anak - PT PP Pracetak:


Merupakan hutang bank kepada bank BRI sesuai perjanjian kredit No.120-KC-XIV/ADK/SH01/12/2014 tanggal 31 Desember 2014 dengan persyaratan sebagai berikut: - Limit Kredit = Rp68.000.000.000 - Masa Pinjaman = 2 Tahun - Tingkat Bunga = 1% di atas bunga deposito - Jaminan = deposito sebesar Rp72.000.000.000 Fasilitas kredit pada entitas anak - PT PP Peralatan:

is loan from Bank BRI with the letter of Credit Agreement No.120-KC-XIV/ADK/SH01/12/2014 dated 31 December 2014 with the following requirements:

Pada tanggal 20 Desember 2012 perusahaan mendapatkan fasilitas kredit sebesar Rp13.500.000.000,dari bank BRI Kalibata dengan jaminan 5 unit Tower Crane seharga Rp15.000.000.000,- dengan tingkat bunga 11,5% pertahun dengan jangka waktu selama 4 tahun.

On December 20, 2012 the company obtain credit facilities amounting IDR13,500,000,000, - of BRI Kalibata with guaranteed 5 units of Tower Crane for IDR15,000,000,000, with an interest rate of 11.5% pa for a period of 4 years.


Credit facility in subsidiary - PT PP Properti:

Utang Bank Jangka Panjang merupakan kewajiban kepada PT Bank Rakyat Indonesia (Persero) Tbk sesuai akta Perjanjian No.146 tanggal 22 Juli 2014 oleh Notaris Meri Efda, SH dengan jangka waktu 36 (tiga puluh enam) bulan dengan tingkat suku bunga sebesar 12,50% (dua belas koma lima nol persen) per tahun.

Long-Term Bank Loans an obligation to PT Bank Rakyat Indonesia (Persero), Tbk according deed 146 Agreement dated 22 July 2014 by Notary Meri Efda, SH with a period of 36 (thirty six) months with an interst rate of 12.50% (twelve point five zero percent) per year.

Agunan atas fasilitas yang diterima adalah sebidang tanah Hak Guna Bangunan No. 1989/Dukuh Pakis, Kelurahan Dukuh Pakis, Kecamatan Dukuh Pakis, Surabaya seluas 1.865 m2

Collateral received for facility is a plot of land area of 1,865 m2 which HGB No. 1989 / Dukuh Pakis, Dukuh Pakis Village, Dukuh Pakis District, Surabaya.

-


= = = =

IDR68,000,000,000 2 Years 1% above the deposit rate deposit IDR72,000,000,000


e. PT Bank Syariah Mandiri


Adalah utang bank atas Entitas Anak PT PP Peralatan. Pinjaman pada Bank Syariah Mandiri merupakan pinjaman dengan jenis pembiayaan Almurobahah dengan ekspektasi rate mulai bulan ke 4, tingkat bunga 10% - 15% termasuk jasa pa effective, jatuh tempo pinjaman tanggal 28 Nopember 2016, dengan jaminan seluruh aset jenis scaffolding dan PCH.

Is loan for Subsidiary company PT PP Peralatan. Loan from Bank Syariah Mandiri is a loan with the expectation that this type of financing Almurobahah rate starting in the 4th, the interest rate of 10% - 15% effective pa including services, loan maturity date of November 28, 2016, with the guarantee of all assets types of scaffolding and PCH.

148





31.

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) LONG TERM LIABILITIES (continued)





Merupakan hutang bank kepada PT Bank Syariah Mandiri sesuai perjanjian kredit No.17/035/CB1FOG/III/2015/MSYR-MMQ tanggal 27 Maret 2015 dengan fasilitas pembiayaan modal/penyertaan musyarakah sejumlah Rp43.425.000.000 (empat puluh tiga miliar empat ratus dua puluh lima juta rupiah).

is loan from PT Bank Syariah Mandiri with the letter of Credit Agreement No.17/035/CB1-FOG/III/2015/MSYR-MMQ dated 27 March 2015 with capital financing facility / inclusion musyarakah IDR43,425,000,000 (forty three billion four hundred twenty five million rupiah).

f. Lembaga Pembiayaan Ekspor Indonesia

f.

Lembaga Pembiayaan Ekspor Indonesia



Pinjaman pembiayaan modal kerja ekspor dari LPEI, sesuai dengan akta Perjanjian Kredit Modal Kerja Ekspor No.15 tanggal 16 April 2013 notaris Ashoya Ratam S.H., M.kn. 1. Fasilitas Kredit Investasi Untuk pembiayaan pabrik investasi tiang pancang dengan plafond Rp 71.000.000.000 (tujuh puluh satu milyar rupiah), jangka waktu 5 tahun dengan tingkat bunga 10,25 %.

Export working capital loan of LPEI, in accordance with the deed of Export Working Capital Loan Agreement No.15 dated 16 April 2013, Ashoya Ratam SH notary, M.Kn. 1 Investment Credit Facility . For investment with plafond IDR 71.000.000.000 (seventy one billion rupiahs) for 5 year with interest rate 10,25%.

Jaminan atas fasilitas kredit tersebut adalah sebagai berikut: - Piutang proyek Kalibaru - Bangunan Pabrik Tiang pancang, mesin dan peralatan pabrik tiang pancang yang berlokasi di Desa Margasari Kecamatan Pulau Ampel Kabupaten Serang Banten. - Persediaan bahan baku dan barang jadi tiang pancang yang berlokasi di Desa Margasari Kecamatan Pulau Ampel Kabupaten Serang Banten.




Merupakan pinjaman investasi dengan tingkat bunga 10,5 % pa effective dengan jangka waktu 48 bulan dan dengan jaminan peralatan berat proyek Dermaga Kalibaru senilai Rp32.836.000.000,- dua tower cranes senilai Rp.6.370.650.000,-, crawler crane sunny 80 ton 2 unit senilai Rp12.931.875.000,-, crawler crane sunny 150 ton 1 unit senilai Rp12.224.025.000,-, crawler sumitomo 150 ton 1 unit senilai Rp9.212.500.000,-, serta excavator komatsu PC-200 senilai Rp4.410.450.000,-

An investment loan with an interest rate of 10.5% pa effective with a period of 48 months and with the assurance of heavy equipment worth IDR32,836,000,000 Dermaga Kalibaru dock project, -, two tower cranes IDR6,370,650,000, crawler cranes sunny 80 tons 2 units IDR12,931,875,000, 150 tons crawler crane sunny 1 unit IDR12,224,025,000, sumitomo crawler 150 tons 1 unit IDR9,212,500,000, and excavator komatsu pc-200 IDR4,410,450,000.

(Lihat Catatan No. 6, 10 dan 20)

(See Notes No. 6, 10 and 20)

149




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 32. UTANG OBLIGASI


Jumlah

BOND LIABILITIES 31 Desember / December 2015

Obligasi Berkelanjutan I PP Tahap I Tahun 2013 dan II Tahun 2015 Utang Pokok Obligasi Biaya Emisi yang belum diamortisasi


PP Bonds I Phase I in 2013 and Phase II in 2013

1,000,000,000,000 (1,222,966,738)

1,000,000,000,000 (1,364,337,580)

Bonds Payable Principle Unamortized Cos

998,777,033,262

998,635,662,420

Total

PT PP (Persero) Tbk telah menerima pernyataan efektif dari Kepala Eksekutif Pengawas Pasar Modal Otoritas Jasa Keuangan dengan surat No.S-46/D.04/2012 tanggal 11 Maret 2013 untuk Penawaran Umum Obligasi Berkelanjutan I PP Tahap I Tahun 2013 ("Obligasi").

The Company has received effective statement from the Chief Executive of Capital Market Supervisory - Financial Services Authority, with his letter No.No. S-46/D.04/2012 dated 11 March 2013, for its bonds continuing public offering phase I PP for the year 2013.

Nama Obligasi / Name of Bond

Obligasi Berkelanjutan I PP Tahap I Tahun 2013 / Bonds Continuing Public Offering Phase I for the Year 2013

Kode Obligasi / Bond Code Kode ISIN / ISIN Code Nilai Emisi / Emissions Value Tingkat Bunga / Interest Rate Jangka Waktu / Period Tanggal Penerbitan / Date of Issuance Tanggal Jatuh Tempo / Due Date Pembayaran Bunga / Interest Payment Tanggal Pembayaran Bunga Pertama / First Interest Payment Date/ Trustee Wali Amanat

PTPP01CN1 IDA00057707 Rp700.000.000.000,- / IDR700,000,000,000 8,375% per tahun / 8,375 % per annum 5 Tahun / 5 Years 19 Maret 2013 / 19 March 2013 19 Maret 2018 / 19 March 2018 3 Bulanan / 3 Monthly 19 Juni 2013 / 19 June 2013 PT Bank Permata Tbk

150




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 32. UTANG OBLIGASI (lanjutan)

32.

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) BOND LIABILITIES (continued)


Obligasi Berkelanjutan I PP Tahap 2 Tahun 2015 / Bonds Continuing Public Offering Phase II for the Year 2015

Nilai Emisi / Emissions Value Tingkat Bunga / Interest Rate Jangka Waktu / Period Tanggal Penerbitan / Date of Issuance Tanggal Jatuh Tempo / Due Date Pembayaran Bunga / Interest Payment Tanggal Pembayaran Bunga Pertama / First Interest Payment Date/ Trustee Wali Amanat

Rp300.000.000.000,- / IDR300,000,000,000 10,20% per tahun / 10.20 % per annum 5 Tahun / 5 Years 24 Pebruari 2015 / 24 February 2015 24 Pebruari 2020 / 24 February 2020 3 Bulanan / 3 Monthly 24 Mei 2015 / 24 May 2015 PT Bank Permata Tbk

33. UTANG JANGKA PANJANG LAINNYA

33.

Merupakan saldo utang jangka panjang lainnya terdiri dari :

OTHER LONG TERM LIABILITIES The account represent balance of other long term liabilities consisting of:



Beban pemeliharaan proyek

201,586,003,217

44,515,997,292

Project Maintenance Expenses

Jumlah Utang Jangka Panjang Lainnya

201,586,003,217

44,515,997,292

Total Other Long Term Liabilities

Utang beban pemeliharaan proyek merupakan cadangan biaya yang akan digunakan selama masa pemeliharaan proyek konstruksi.

Project maintenance expenses payable represent allowance for maintenance of project constructions during their maintenance period.

(Lihat Catatan No.3u)

(See Note No.3u)

151






(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 34. MODAL SAHAM

34.

SHARE CAPITAL

Modal dasar, modal ditempatkan dan disetor penuh Perusahaan per 31 Maret 2016 dan 31 Desember 2015 adalah sebagai berikut :

Authorized Capital, issued and paid in capital of the company as of 31 March 2016 and 31 December 2015 are as follow:

31 Maret / March 2016 Modal Dasar 15.000.000.000 saham, nilai nominal @ Rp. 100 setiap saham setiap saham per 31 Maret 2016 dan 31 Desember 2015 Saham Yang belum ditempatkan Saham Yang ditempatkan dan disetor penuh Tambahan Modal Disetor Selisih nilai nominal saham dengan penerimaan hasil Penawaran Umum Saham


1,500,000,000,000

1,500,000,000,000

Authorized capital: 15,000,000,000 common shares @ IDR 100 per share as of 31 March 2016 and 31 December 2015

(1,015,756,350,000)

(1,015,756,350,000)

484,243,650,000

484,243,650,000

477,929,190,000

477,929,190,000

Biaya Emisi Saham Selisih Nilai Transaksi Restrukturisasi Entitas Sepengendali

(15,762,737,159) (30,321,082,983)

(15,762,737,159) (30,321,082,983)

Share in issuance cost Difference in value of restructuring transaction among entities under common control

Total Tambahan Modal disetor

431,845,369,858

431,845,369,858

Total Additional paid in capital

Modal ditempatkan dan disetor serta tambahan modal disetor

916,089,019,858

916,089,019,858

Subscribed and paid in capital and additional pain in capital

Susunan pemegang saham Perusahaan per 31 Maret 2016 dan 31 Desember 2015 adalah sebagai berikut : Pemegang Saham

Jumlah Saham / Total Stock

Un-subscribed Subscribed and paid in capital Additional paid in capital Difference in par value between par value and IPO

The composition of the shareholders of the Company as of 31 March 2016 and 31 December 2015 are as follows :

31 Maret / March 2016 % Kepemilikan / Ownership %

Nilai Nominal / Par Value

Shareholders

Negara Republik Indonesia Koperasi Karyawan Pemegang SahamPT PP (Persero) Tbk Publik

2,469,642,760

51.00%

246,964,276,000

122,261,534 2,250,532,206

2.52% 46.48%

12,226,153,400 225,053,220,600

Shareholders of PT PP (Persero) Tbk Public

Jumlah

4,842,436,500

100%

484,243,650,000

Total

152

State of the Republic Indonesia Employees Cooperative




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 34. MODAL SAHAM (lanjutan)

Pemegang Saham

34.


Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) SHARE CAPITAL (continued)

31 Desember / December 2015 % Kepemilikan / Nilai Nominal / Ownership % Par Value

Shareholders


2,469,642,760

51.00%

246,964,276,000

194,279,734 2,178,514,006

4.01% 44.99%

19,427,973,400 217,851,400,600


Jumlah

4,842,436,500

100%

484,243,650,000

Total


Sesuai dengan akta Pernyataan Keputusan Pemegang Saham Diluar Rapat dan Perubahan Anggaran Dasar Perusahaan Perseroan (Persero) PT Pembangunan Perumahan No. 16 tanggal 15 Oktober 2009 notaris Imas Fatimah, SH, diputuskan antara lain sebagai berikut :

In accordance with the decision of shareholders taken out of their general meeting and the deed No. 16 dated 15 October 2009 of the notary Imas Fatimah, SH, on amendment of the Company' articles of association, it is agreed that:

-

Menyetujui Penambahan Modal Dasar perusahaan dari semula Rp. 400.000.000.000 (empat ratus milyar rupiah) menjadi sebesar Rp. 1.500.000.000.000 (satu triliun lima ratus milyar rupiah).

- The authorized capital of the Company is increase from initially IDR400,000,000,000 (four hundred billion rupiahs) to IDR1,500,000,000,000 (one trillion and five hundred billion rupiahs);

-

Menyetujui Perubahan nilai nominal saham yang semula sebesar Rp 500 (lima ratus rupiah) menjadi sebesar Rp 100 (seratus rupiah).

- The par value of shares is increased from initially IDR500 each to IDR100 each;

-

Menyetujui Pengeluaran saham baru perusahaan sejumlah 2.703.460.000 saham atau seluruhnya sebesar Rp270.346.000.000 yang berasal dari kapitalisasi cadangan perusahaan sampai dengan tahun 2008 yang dibagikan kepada :

-

2,703,460,000 new shares totaling IDR270,346,000,000 will be issued, originating from capitalizing of the Company's reserve until 2008. The shares will be distributed to:

- Negara RI sejumlah 1.378.764.600 saham atau sebesar Rp137.876.460.000.

- The Government of RI: 1,378,764,600 shares or amounting to IDR137,876,460,000.

- Koperasi Karyawan Pemegang Saham PT PP (Persero) sejumlah 1.324.695.400 saham atau sebesar Rp.132.469.540.000.

- Employees Cooperative - the shareholder of PT PP (Persero): 1,324,695,400 shares or amounting to IDR132,469,540,000.

Sesuai dengan akta Pernyataan Keputusan Pemegang Saham Di Luar Rapat dan Perubahan Anggaran Dasar PT Pembangunan Perumahan No. 02 tanggal 5 Januari 2010 notaris Imas Fatimah, SH dan telah mendapat persetujuan dari Menteri Hukum dan Hak Asasi Manusia dengan keputusan No. AHU-00127.AH.01.02 Tahun 2010 tanggal 5 Januari 2010 tentang Persetujuan Akta Perubahan Anggaran Dasar Perseroan, telah diputuskan antara lain halhal sebagai berikut:

In accordance with the decision of shareholders taken out of their general meeting the notary deed No. 02 dated 5 January 2010 of the notary Imas Fatimah, SH on amendment of the Company's articles of association as was approved by the Minister of Law and Human Right of the Republic of Indonesia with the letter No. AHU-00127.AH.01.02 Year 2010 dated 5 January 2010, it is approved that:

153





34.


-

Menyetujui hibah saham sebanyak 40% atau 529.878.160 saham atau sebesar Rp. 52.987.816.000 dari bagian koperasi Karyawan Pemegang Saham PT PP (Persero) yang berasal dari cadangan perusahaan kepada Negara RI.

- 40% of share of the employees cooperative equivalent IDR52,987,816,000 originating from the Company's reserve is transferred to the Government of the Republic of Indonesia;

-

Komposisi kepemilikan saham adalah sebagai berikut : Negara RI sejumlah 2.469.642.760 saham atau sebesar Rp246.964.276.000 atau 64,93%. Koperasi Karyawan Pemegang Saham PT PP (Persero) Tbk sejumlah 1.333.817.240 saham atau Rp. 133.381.724.000,- atau 35,07%. Menyetujui penjualan saham baru perusahaan kepada masyarakat 1.038.976.784 saham atau sebesar 21,46% dari jumlah saham yang telah ditempatkan dan disetor setelah penerbitan saham baru.

- The shareholders of the Company become: the Republic of Indonesia: 2,469,642,760 (64,93%) equivalent IDR246,964,276,000 . Employees Cooperative - shareholder of PT PP ( Persero) Tbk: 1,333,817,240 (35,07%) equivalent IDR133,381,724,000,-. - It is also approved that 1,038,976,784 new shares, equivalent 21,46% of subscribed and paid in capital, will be issued and offered to public.

Perusahaan telah menerima pernyataan efektif dari Ketua BAPEPAM - LK dengan surat No: S-858/BL/2010 tanggal 29 Januari 2010 untuk melakukan penawaran perdana kepada masyarakat atas 1.038.976.500 lembar saham Seri B baru dengan nilai nominal Rp 100 per saham dan harga penawaran Rp 500 per saham. Saham-saham tersebut dicatatkan pada Bursa Efek Indonesia tanggal 09 Februari 2010. Seluruh saham perusahaan sebanyak 4.842.436.500 lembar saham pada tahun 2010 telah dicatatkan pada Bursa Efek Indonesia.

The Company has received Effective Statement No: S858/BL/2010 on January 29th 2010 from the Head of Capital Market and Financial Institution Supervisory Agency (BAPEPAM - LK) for limited public offering of 1,038,976,500 shares of B Series of par value of IDR 100 per share, at an offering price of IDR 500 per share. Those shares were listed in the Indonesia Stock Exchange on February 9th 2010. All of the Company's 4,842,436,500 shares in 2010 have been listed in the Indonesian Stock Exchange.

Komposisi kepemilikan saham setelah IPO menjadi sebagai berikut : RI sejumlah 2.469.642.760 saham atau sebesar - Negara Rp246.964.276.000,- atau 51%.

The the shareholders after the IPO are: - The Government of RI : 2.469.642.760 shares (51%) equivalent IDR246,964,276,000.

-

Koperasi Karyawan Pemegang Saham PT PP (Persero) Tbk sejumlah 122.261.534 saham atau Rp12.226.153.400,- atau 2,52%

- Employees Cooperative - the shareholder of PT PP (Persero) Tbk: 122.261.534 shares (2.52%) equivalent IDR12,226,153,400.

-

Publik sejumlah 2.250.532.206 Rp225.053.220.600,- atau 46,48%.

- The public: 2.250.532.206 shares (46.48%) equivalent IDR225,053,220,600.

-

saham

atau

Pada bulan Juni 2013, Perusahaan mengakuisisi 99,99 % saham PT Prakarsa Dirganeka (PDA) dengan nilai perolehan sebesar Rp29.000.000.000, dari YKKPP, pihak berelasi dan berada dibawah pengendalian yang sama dengan Perusahaan. Nilai buku PDA pada tanggal akuisisi sebesar Rp29.190.393.598. Selisih antara aset bersih yang diakuisisi berdasarkan nilai buku dengan biaya perolehan sebesar Rp190.393.598 dicatat sebagai selisih transaksi restrukturisasi entitas sepengendali dalam akun ekuitas.

In June 2013, the Company acquired 99,99% ownership in PT Prakarsa Dirganeka (PDA), with an acquisition cost of IDR29,000,000,000, from YKKPP, a related party and an entity under common control. PDA’s book value on acquisition date amounted to IDR29,190,393,598. The difference of IDR190,393,598 between the book value of the acquired net assets and the acquisition cost is recorded in equity as difference in value of restructuring transaction among entities under common control.

154





34.

Pada bulan Juni 2014, Perusahaan mengakuisisi 99,98 % saham PT Primajasa Aldodua dengan nilai perolehan sebesar Rp44.336.744.552, dari YKKPP, pihak berelasi dan berada dibawah pengendalian yang sama dengan Perusahaan. Nilai buku PT Primajasa Aldodua pada tanggal akuisisi sebesar Rp44.004.864.237. Selisih antara aset bersih yang diakuisisi berdasarkan nilai buku dengan biaya perolehan sebesar (Rp338.756.075) dicatat sebagai selisih transaksi restrukturisasi entitas sepengendali dalam akun ekuitas.

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) SHARE CAPITAL (continued) In June 2014, the Company acquired 99,98% ownership in PT Primajasa Aldodua, with an acquisition cost of IDR44,336,744,552. from YKKPP, a related party and an entity under common control. PT Primajasa Aldodua book value on acquisition date amounted to IDR44,004,864,237. The difference of (IDR338,756,075) between the book value of the acquired net assets and the acquisition cost is recorded in equity as difference in value of restructuring transaction among entities under common control.

(Lihat Catatan No.2)

(See Note No.2)

35. KEPENTINGAN NON PENGENDALI

35.

a. Hak Non Pengendali atas Aset Bersih

NON CONTROLLING INTEREST a. Non Controlling Rights over the Net Assets

31 Maret 2016 / March 2016 Nilai Tercatat Awal / Pemilikan Initial Carrying /Ownership Amount

Penambahan/ Pengurangan Addition/ Reduction

Nilai Tercatat Akhir Tahun/ Carrying Value at the End of Year

% PT PP Properti PT PP Pracetak PT PP Peralatan

35.040% 0.001% 0.020%

737,173,490,605 2,233,141 19,596,761

31,732,022,941 22,699 1,456,247

768,905,513,546 2,255,840 21,053,008

737,195,320,507

31,733,501,888

768,928,822,395

31 Desember 2015 / December 2015 Penambahan/ Nilai Tercatat Awal Pengurangan / Pemilikan Initial Carrying Addition/ /Ownership Amount Reduction



35.040% 0.001% 0.020%

155

1,033,983,493 1,654,451 13,943,794

736,139,507,112 578,690 5,652,967

737,173,490,605 2,233,141 19,596,761

1,049,581,738

736,145,738,769

737,195,320,507




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 35. KEPENTINGAN NON PENGENDALI (lanjutan)

35.

b. Hak Non Pengendali atas Laba (Rugi) Bersih Entitas Pemilikan /Ownership

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) NON CONTROLLING INTEREST (continued) b. Non Controlling Rights to the Subsidiary's Net Profit or Loss




35.040% 0.001% 0.020%

36. PENDAPATAN USAHA

36.

Merupakan pendapatan usaha periode yang berakhir 31 Maret 2016 dan 2015 terdiri dari:

81,655,189 39,990 1,333,008

31,733,501,888

83,028,187

REVENUE Represent of Revenue for the years ended 31 March 2016 and 2015:

31 Maret / March 2016 Jasa Konstruksi EPC (Engineering, Procurenment Construction) Properti dan Realti Pracetak Peralatan Jumlah Pendapatan Usaha

31,732,022,941 22,699 1,456,247


1,771,259,149,953

1,390,656,818,577

239,010,591,014 545,984,733,614 14,857,127,418 16,569,262,888 2,587,680,864,887

163,358,348,875 409,124,949,850 18,655,485,018 1,981,795,602,320

Construction EPC (Engineering, ProcurenmentConstruction) Properti and Realty Precast Equipment Total Revenue

Sebesar Rp742.545.209.908,- atau 28,70% pada periode 31 Maret 2016 dan Rp471.879.705.332,- atau 23,81% pada periode 31 Maret 2015 , dari pendapatan usaha merupakan pendapatan usaha dari pihak-pihak yang berelasi.

The amount of IDR742.545.209.908 or equal 28,70% as at 31 March 2016 and IDR471.879.705.332 or 23.81% as at 31 March 2015 sales from related parties.

Rincian pendapatan usaha berdasarkan pihak-pihak berelasi dan pihak ketiga:

The details of revenue based on related parties and third parties:



Pihak Ketiga PT GE Operation Indonesia PT Misi Mulia Petronusa PT Duta Anggada Realty Tbk PT Trans Marga Jateng PT Semen Padang Dipindahkan

Third Parties 162,539,631,054 59,438,825,315 57,815,316,279 54,041,996,426 37,685,469,398 371,521,238,472

19,549,618,000 12,067,883,816 4,672,614,225 36,290,116,041

156

PT GE Operation Indonesia PT Misi Mulia Petronusa PT Duta Anggada Realty Tbk PT Trans Marga Jateng PT Semen Padang Carried Forward




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 36. PENDAPATAN USAHA (lanjutan)

36. 31 Maret / March 2016 371,521,238,472 30,779,792,157 30,618,940,000 29,463,607,855 26,226,033,232 25,488,449,150 25,078,267,903

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) REVENUE (continued) 31 Maret / March 2015 36,290,116,041 18,559,401,315 6,435,542,718 19,116,201,390 -

Pindahan PT Kalla Inti Karsa PT Servo Lintas Raya PT Satria Pusaka Permata Perkasa PT Citicon Propertindo PT Cahaya Bandung Jaya Dep.Perhubungan, Dirjen Perhubungan, Unit Penyelenggara PT Pakuwon Jati Tbk 24,971,472,259 PT Pahala Agung 24,850,999,613 Dinas PU DKI Jakarta 24,436,651,120 PT Graha Masindo Pratama 23,195,982,491 PT Pakuwon Permai 22,979,162,390 Dinas Bina Marga dan Tata Ruang 22,605,131,761 PT Triniti Dinamik 21,644,808,726 PT Sarana Meditama Anugerah 21,289,646,413 PT Mahardika Agung Lestari 19,820,292,340 19,536,124,977 Kementrian PUPR, Dirjen Bina Marga, Satker PJN Metropolitan Yayasan Perguruan Tinggi Kristen Petra - Surabaya 19,534,603,717 PT Sutera Agung Properti 18,792,211,000 Dinas PU 18,426,120,574 PT Centurion Perkasa Iman 18,397,994,472 17,337,646,112 PT Sinar Galesong Pratama-PT Ciputra Victory Mitra.JO PT Greenland Garden Realty 16,795,437,806 PT Bumi Megah Graha Asri 16,243,470,141 PT Grage Trimitra Usaha 16,047,840,538 PT Perkasa Internusa Mandiri 16,035,799,917 SNVT PJSA BWS Sulawesi I 15,991,801,994 PT Multi Karya Utama Abadi 15,969,829,605 PT Kuala Jaya Realty 15,171,968,815 15,022,974,893 Kementrian PU dan Perumahan Rakyat PT Megatama Putra 13,854,998,846 13,290,368,686 Kementrian PU dan Perumahan Rakyat, Sumatera Utara PT Freeport Indonesia 12,961,423,560 Dipindahkan 1,024,381,091,535

Brought Forward PT Kalla Inti Karsa PT Servo Lintas Raya PT Satria Pusaka Permata Perkasa PT Citicon Propertindo PT Cahaya Bandung Jaya Dep.Perhubungan, Dirjen Perhubungan, Unit Penyelenggara 53,333,928,453 PT Pakuwon Jati Tbk 4,953,891,138 PT Pahala Agung 9,556,158,655 Dinas PU DKI Jakarta 12,520,435,261 PT Graha Masindo Pratama 24,313,674,695 PT Pakuwon Permai 25,605,907,241 Dinas Bina Marga dan Tata Ruang PT Triniti Dinamik PT Sarana Meditama Anugerah PT Mahardika Agung Lestari Kementrian PUPR, Dirjen Bina Marga, Satker PJN Metropolitan 20,508,835,000 Yayasan Perguruan Tinggi Kristen Petra - Surabaya 10,558,133,200 PT Sutera Agung Properti Dinas PU 2,068,505,000 PT Centurion Perkasa Iman 12,684,673,068 PT Sinar Galesong Pratama-PT Ciputra Victory Mitra.JO PT Greenland Garden Realty PT Bumi Megah Graha Asri 33,674,640,376 PT Grage Trimitra Usaha 9,797,172,545 PT Perkasa Internusa Mandiri 11,527,186,216 SNVT PJSA BWS Sulawesi I PT Multi Karya Utama Abadi 9,977,539,408 PT Kuala Jaya Realty Kementrian PU dan Perumahan Rakyat 10,467,355,960 PT Megatama Putra Kementrian PU dan Perumahan Rakyat, Sumatera Utara 47,342,033,600 PT Freeport Indonesia 379,291,331,280 Carried Forward

157





Pindahan PT Nusantara Prospekindo Sukses PT Prima Bintaro Royale PT Pekanbaru Permai Propertindo PT Warna Warni Investama Universitas Padjajaran PT Samator Land PT Petrokimia Gresik PT Cassia Resort Investment PT Trimitra Propertindo PT Sejahtera Alam Energy Balai Besar Wilayah Sungai Pemali Juana PT Tribuana Jaya Raya PT Trans Ritel Properti PT Graha Senggigi PT Kebayoran Puspita PT Illia Persada Dinas PU Kalimantan Timur Dinas PU Kabupaten Nunukan PT Galuh Citarum Dinas PU SNVT Bengawan solo Kementerian Infrastruktur Timor Leste PT Radinka Quatro Land PT Prioritas Land Indonesia PT Duta Senawijaya Mandiri PT Asia Tritunggal Jaya Satker Pelaksanaan Jalan Nasional Prov. Kepri PT Kurnadi Abadi PT Hotel Nirwana PT Merpati Abadi Sejahtera PT Mandiri Cipta Gemilang PT Graha Utama Development PT Puri Pariwara PT Emer Citra Agung PT Energi Prima Nusantara Dipindahkan

36.

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) REVENUE (continued)

31 Maret / March 2016 1,024,381,091,535 12,772,779,890 12,614,067,631 12,604,336,062 12,164,000,000 10,678,566,353 10,388,820,000 9,795,624,828 9,432,117,057 8,890,680,078 8,842,849,352 7,979,123,876

31 Maret / March 2015 379,291,331,280 10,058,731,291 9,304,469,065 13,828,953,533 25,415,000,000 -

7,763,980,553 7,149,950,656 7,019,609,359 6,159,383,385 6,099,548,814 6,044,128,750 6,005,516,000 5,662,261,089 5,468,968,532 5,126,243,812 4,908,304,108 4,738,658,528 4,206,728,028 4,061,759,090 3,641,533,349

3,359,320,070 30,054,218,000 12,694,369,356 5,785,071,662 8,759,183,212 19,270,639,499 5,925,673,488 21,789,292,792 12,044,723,373 -

3,503,657,349 3,378,024,077 3,188,510,675 2,716,261,816 2,581,254,500 2,515,319,523 2,264,098,182 2,197,591,097 1,246,945,347,934

4,460,225,153 2,133,409,212 564,174,610,986

158

Brought Forward PT Nusantara Prospekindo Sukses PT Prima Bintaro Royale PT Pekanbaru Permai Propertindo PT Warna Warni Investama Universitas Padjajaran PT Samator Land PT Petrokimia Gresik PT Cassia Resort Investment PT Trimitra Propertindo PT Sejahtera Alam Energy Balai Besar Wilayah Sungai Pemali Juana PT Tribuana Jaya Raya PT Trans Ritel Properti PT Graha Senggigi PT Kebayoran Puspita PT Illia Persada Dinas PU Kalimantan Timur Dinas PU Kabupaten Nunukan PT Galuh Citarum Dinas PU SNVT Bengawan solo Kementerian Infrastruktur Timor Leste PT Radinka Quatro Land PT Prioritas Land Indonesia PT Duta Senawijaya Mandiri PT Asia Tritunggal Jaya Satker Pelaksanaan Jalan Nasional Prov. Kepri PT Kurnadi Abadi PT Hotel Nirwana PT Merpati Abadi Sejahtera PT Mandiri Cipta Gemilang PT Graha Utama Development PT Puri Pariwara PT Emer Citra Agung PT Energi Prima Nusantara Carried Forward





Pindahan Dinas Kesehatan Provinsi Pekanbaru PT Graha Sarana Duta PT Tiara Abadi Nirmala PT Graha Satu Tiga Tujuh Kementrian PU SNVT PJSA Sumatera II PT Prasetya Agung Cipta Abadi Kementerian PU & PR Cipta Karya KRIMSUS PT Duta Indah Iconic PT Sekar Atha Sentosa DPU Kabupaten Serang KG-NRC CONSORSIUM Hyundai Engineering & Construction Co., Ltd Dinas PU Kabupaten Bulungan PT Win Win Realty Centre PT Graha Kencana Abadi PT Menara Perkasa Margahayuland PT Catur Jaya Yayasan Univ Pelita Bangsa PT Bumi Daya Makmur KSO Merdeka Media Group & Ronov Indonesia PT Cahaya Baru Raya Realty PT Pancakarya Griyatama PT Naribatama Abete PT Hotel Properti Internasional PT Vidi Mandiri PT Tanrise Indonesia PT Graha Multi Insani PT Bukit Nusa Harapan PT Waska Sentana PT Adhi Putra Mulia PT Baradinamika Mudasukses PT Adhiloka Shobat Sewita PT Erina Citra Gemilang Dipindahkan

36.


31 Maret / March 2016 1,246,945,347,934 2,151,597,131 1,968,702,000 1,716,900,002 1,645,093,591 1,621,260,136

31 Maret / March 2015 564,174,610,986 2,454,584,866 2,982,262,192 6,808,976,300 -

1,527,730,223 1,504,291,490

33,887,306,650 -

1,279,139,633 1,162,851,500 1,059,107,705 -

14,039,136,542 30,061,119,500 7,064,907,800 53,953,180,623 35,435,882,402

-

21,174,855,626 20,884,278,462 18,516,561,458 16,268,134,631 15,489,063,794 15,121,554,175 11,871,622,480 10,848,909,798

1,262,582,021,345

10,490,635,000 9,865,249,783 9,564,226,558 9,338,997,811 8,915,530,751 7,802,206,953 7,758,589,390 7,420,068,643 7,353,065,012 7,148,061,291 6,559,365,227 6,463,559,539 6,460,345,493 986,176,849,736

159

Brought Forward Dinas Kesehatan Provinsi Pekanbaru PT Graha Sarana Duta PT Tiara Abadi Nirmala PT Graha Satu Tiga Tujuh Kementrian PU SNVT PJSA Sumatera II PT Prasetya Agung Cipta Abadi Kementerian PU & PR Cipta Karya KRIMSUS PT Duta Indah Iconic PT Sekar Atha Sentosa DPU Kabupaten Serang KG-NRC CONSORSIUM Hyundai Engineering & Construction Co., Ltd Dinas PU Kabupaten Bulungan PT Win Win Realty Centre PT Graha Kencana Abadi PT Menara Perkasa Margahayuland PT Catur Jaya Yayasan Univ Pelita Bangsa PT Bumi Daya Makmur KSO Merdeka Media Group & Ronov Indonesia PT Cahaya Baru Raya Realty PT Pancakarya Griyatama PT Naribatama Abete PT Hotel Properti Internasional PT Vidi Mandiri PT Tanrise Indonesia PT Graha Multi Insani PT Bukit Nusa Harapan PT Waska Sentana PT Adhi Putra Mulia PT Baradinamika Mudasukses PT Adhiloka Shobat Sewita PT Erina Citra Gemilang Carried Forward





Pindahan PT Bimasakti Jaya Abadi Politeknik Negeri Malang PT Prasto Propertindo Yayasan Perguruan Tinggi Kristen Maranatha PT Danau Winata Indah PT Citra Raya Medika PT Mutiara Mitra Sejahtera PT Duta Wahana Karawang Yayasan Sanggar Prahtiwi PT Anugrah Duta Mandiri Dirjen SDA Wilayah Sungai Sumatera VIII PT Tiran Makasar PT Semen Bosowa Maros Ny Yenni Wijaya PT Asfi Ilhami Rayhan PT Bumi Anugrah Sakti PT Puri Persada Lampung IAIN Sunan Ampel Surabaya RSUD Sleman PT Chevron Pasific Indonesia PT Bintan Cipta Cemerlang Dinas PU Kutai Timur Kementerian Pendidikan dan Kebudayaan PT Pelabuhan Penajam Banua Taka Yayasan Manunggal Slawi PT Dialog Garage Cirebon PT Aruna Kirana PT Berkat Anugerah Sejahtera Abadi RS Pratama PT Graha Yasa Selaras Pendapatan Properti dan Realti Dipindahkan

36.


31 Maret / March 2016 1,262,582,021,345 -

31 Maret / March 2015 986,176,849,736 6,271,759,995 6,246,581,545 5,951,774,787 5,717,572,927

-

5,028,402,831 4,903,501,904 4,530,000,000 4,489,200,000 4,411,519,324 4,185,826,154 3,009,800,000

-

2,959,260,438 2,747,450,339 2,649,121,453 2,615,943,689 2,582,487,000 2,547,444,369 2,271,039,798 1,898,890,258 1,878,885,731 1,818,476,871 1,768,758,161 1,691,625,250

-

1,635,363,092

Brought Forward PT Bimasakti Jaya Abadi Politeknik Negeri Malang PT Prasto Propertindo Yayasan Perguruan Tinggi Kristen Maranatha PT Danau Winata Indah PT Citra Raya Medika PT Mutiara Mitra Sejahtera PT Duta Wahana Karawang Yayasan Sanggar Prahtiwi PT Anugrah Duta Mandiri Dirjen SDA Wilayah Sungai Sumatera VIII PT Tiran Makasar PT Semen Bosowa Maros Ny Yenni Wijaya PT Asfi Ilhami Rayhan PT Bumi Anugrah Sakti PT Puri Persada Lampung IAIN Sunan Ampel Surabaya RSUD Sleman PT Chevron Pasific Indonesia PT Bintan Cipta Cemerlang Dinas PU Kutai Timur Kementerian Pendidikan dan Kebudayaan PT Pelabuhan Penajam Banua Taka

-

1,600,125,133 1,361,188,367 1,344,371,400 1,262,200,385

Yayasan Manunggal Slawi PT Dialog Garage Cirebon PT Aruna Kirana PT Berkat Anugerah Sejahtera Abadi

545,984,733,614

1,160,604,656 1,042,165,063 409,124,949,850

RS Pratama PT Graha Yasa Selaras Property and Realty - Revenue

1,808,566,754,959

1,486,883,140,506

160

Carried Forward





Pindahan Pendapatan Peralatan Pendapatan Pracetak Lain-lain di bawah Rp 1 Milyar Sub Jumlah Pihak Ketiga Pihak Berelasi PT Hutama Karya (persero) PT Pelindo II (Persero) PT PLN (Persero) PT Jasa Marga (Persero) Tbk PT Prima Multi Terminal PT Angkasa Pura I (Persero) PT Angkasa Pura II (Persero) PT Bio Farma (Persero) PT Pelindo III (Persero) PT Pertamina EP Cepu PT Pelindo IV (Persero) Kementerian Kesehatan RI PT Indopola Meka Energy PT Indonesia Power PT Angkasa Pura Hotel Lain-lain di bawah Rp 1 Milyar Sub Jumlah Pihak Berelasi Jumlah Pendapatan Usaha

36.

REVENUE (continued)

31 Maret / March 2016 1,808,566,754,959 16,569,262,888 14,857,127,418 5,142,509,714

31 Maret / March 2015 1,486,883,140,506 18,655,485,018 4,377,271,464

Brought Forward Equipment - Revenue Precast - Revenue Other of less than 1 Billions

1,845,135,654,979

1,509,915,896,988


254,457,334,000 180,691,420,468 54,552,019,099 54,313,361,409 46,776,368,483 36,330,440,367 34,312,530,132 24,495,449,467 24,420,048,615 8,504,990,000 7,033,857,355 6,336,002,599 4,499,316,678 3,618,326,033 2,203,745,203 -

295,075,327,425 98,058,952,460 1,745,359,012 4,535,052,432 2,644,133,155 3,761,542,892 65,284,766,415 774,571,541

Related Parties PT Hutama Karya (persero) PT Pelindo II (Persero) PT PLN (Persero) PT Jasa Marga (Persero) Tbk PT Prima Multi Terminal PT Angkasa Pura I (Persero) PT Angkasa Pura II (Persero) PT Bio Farma (Persero) PT Pelindo III (Persero) PT Pertamina EP Cepu PT Pelindo IV (Persero) Kementerian Kesehatan RI PT Indopola Meka Energy PT Indonesia Power PT Angkasa Pura Hotel Other of less than 1 Billions

742,545,209,908 2,587,680,864,887

471,879,705,332 1,981,795,602,320

Sub Total Related Parties Total Revenue

Rincian pemberi pekerjaan dengan nilai pendapatan yang melebihi 10% dari pendapatan usaha Perseroan untuk tahun yang berkahir 31 Maret 2016 dan 2015 adalah sebagai berikut:

Project which contributed more than 10% of the Company's total income for the years ended 31 March 2016 and 2015:

31 Maret / March 2016 PT Pelindo II (Persero)


31 Maret / March 2015 -

295,075,327,425

(Lihat catatan No. 3e, 3t dan 46)

PT Pelindo II (Persero) (See Notes No. 3e, 3t and 46)

161




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 37. BEBAN POKOK PENJUALAN

37.

Merupakan Beban Pokok Penjualan untuk tahun yang berakhir pada 31 Maret 2016 dan 2015 terdiri dari :

COST OF GOODS SOLD Represents of cost of good sold for the years ended 31 March 2016 and 2015:

31 Maret / March 2016 Jasa Konstruksi EPC (Engineering, Procurenment Construction) Properti dan Realti Pracetak Peralatan Jumlah Beban Pokok Penjualan



1,613,464,219,689

1,238,416,520,865

209,915,100,827 304,779,975,686 48,652,611,811 50,917,927,441 2,227,729,835,454

143,122,956,735 280,323,860,476 4,360,715,000 35,179,483,199 1,701,403,536,275

(Lihat catatan No. 3t)

(See Notes No. 3t)

38. BEBAN USAHA

38.

Merupakan beban usaha untuk tahun yang berakhir 31 Maret 2016 dan 2015 terdiri dari :

Jumlah Beban Usaha

OPERATING EXPENSES The account represent operating expenses for the years ended 31 March 2016 and 2015, consisting of:

31 Maret / March 2016 Pegawai Umum Penyusutan Pemasaran

Construction EPC (Engineering, ProcurenmentConstruction) Property and Realty Precast Equipment Rent Total Cost of Goods Sold


72,544,659,860 23,525,676,278 7,014,998,629 1,588,243,602

66,023,153,998 18,521,599,325 3,057,534,445 1,046,812,279

Employees General administrative expenses Depreciation expenses Marketing expenses

104,673,578,369

88,649,100,047

Total Operating Expenses

Beban umum merupakan pengeluaran-pengeluaran untuk alat tulis kantor, listrik, telepon, pengembangan pegawai dan biaya perjalanan dinas.

General expenses represent expenses for stationery, electricity and phone bill, human resources development and business trip and others.

Beban penyusutan merupakan beban penyusutan Aset Tetap yang dipergunakan oleh Kantor Pusat dan Entitas Anak.

Depreciation expenses represent the depreciation of Fixed Assets used by the head office and subsidiary.

Beban pemasaran merupakan pengeluaran untuk biaya promosi, biaya tender dan pra tender, biaya representasi dan pengembangan usaha.

Marketing expenses consist of expenses for promotion, bidding and pre-bidding, representation and business development expense.

(Lihat Catatan No. 3t ,19 dan No.20)

(See Note No. 3t, 19 and No.20)

162




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 39. PENDAPATAN LAINNYA


Jasa giro Bunga deposito Laba selisih kurs-bersih Pendapatan Rupa - rupa

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) OTHER INCOME 31 Maret / March 2015

3,394,984,740 11,207,994,091 (5,412,219,904) 565,777,980

1,865,469,303 3,304,120,764 1,426,783,014 1,150,881,932

Banking Fee Time deposit interest Gain on exchange rates Miscellaneous

Jumlah Pendapatan Lain-Lain

9,756,536,907

7,747,255,013

Total Other Income

Laba selisih kurs terdiri dari : Pendapatan selisih kurs Beban selisih kurs

(5,412,219,904)

1,426,783,014 -

Gain on exchange rates consist of: Gain on exchange rates Loss on exchange rates

Laba selisih kurs

(5,412,219,904)

1,426,783,014

Gain on exchange rates

40. BEBAN LAINNYA

40.

Merupakan beban lain-lain untuk tahun yang berakhir pada 31 Maret 2016 dan 2015 terdiri dari:

OTHER EXPENSES The account represent other expenses for years ended 31 March 2016 and 2015, consisting of:



Beban administrasi dan provisi bank

9,441,407,178

11,490,588,125

Administrative expenses and bank provision

Beban rupa - rupa Beban obligasi

1,513,207,716 141,370,842

3,251,155,870 141,370,842

Others expenses Bond expenses

11,095,985,736

14,883,114,837

Total Others expenses

Jumlah Beban Lain-Lain 41. BEBAN PENURUNAN NILAI PIUTANG

41.

Merupakan beban penurunan nilai piutang untuk tahun yang berakhir 31 Maret 2016 dan 2015 terdiri dari:

IMPAIRMENT The account represents impairment of receivables for the years ended 31 March 2016 and 2015, consisting of:



Beban Penurunan Nilai Piutang

3,432,498,889

4,867,513,314

Impairment of Account Receivable

Jumlah

3,432,498,889

4,867,513,314

Total

(Lihat Catatan No. 3g dan 6)

(See Note No. 3g and 6)

163




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 42. BIAYA PENDANAAN / BUNGA

42.

Merupakan beban pendanaan / bunga untuk tahun yang berakhir 31 Maret 2016 dan 2015 terdiri dari:

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) FUNDING / INTEREST EXPENSES The account represent funding / interest expenses for the years ended 31 March 2016 and 2015, consisting of:



Beban Pendanaan

35,981,023,017

20,874,103,755

Funding Expenses

Jumlah

35,981,023,017

20,874,103,755

Total

43. BAGIAN LABA VENTURA BERSAMA

43.

Merupakan laba (rugi) yang diperoleh dari proyek-proyek yang dikerjakan secara Ventura Bersama dengan perusahaan lain untuk tahun yang berakhir 31 Maret 2016 dan 2015. Ventura Bersama tersebut berasal dari proyek-proyek sebagai berikut: 31 Maret /

PROFIT FROM JOINT VENTURE Represents of profit (loss) obtained from the Joint Venture projects with other companies for the years ended 31 March 2016 and 2015. The followings are details of Joint Ventures: 31 Maret / March 2015

March 2016 KSO Holtekamp KSO RRDP Apas Simanggaris KSO BIJB Paket 2 Kertajati KSO Cable Stayed Kendari KSO Bendung Randangan - Pohuwato KSO Pengendali Banjir Batang Kuranji Padang KSO Tambak Mulyo Mawar KSO Cisangkuy KSO Tol Balikpapan Samarinda KSO Soker Loan China KSO Jl Tolo Solo Kertosono Seksi 4 KSO Antasari Depok KSO Winrip Mangopoh Padang KSO Jalan Bojonegoro - Padangan KSO Pumping Station KSO RSUD Koja KSO Jalan Batang KSO PLTA Peusangan KSO M 7 G / Paladian Park KSO Jl. Kenyam - Mugi Papua KSO Louwi Goong KSO Jl. Bojonegoro - Padangan KSO Pekanbaru Permai Propertindo

3,089,258,424 1,872,250,685 1,132,071,568 642,906,892 422,015,628 389,482,120 287,874,117 220,853,352 173,147,468 170,354,720 57,228,538 41,977,907 28,411,936 26,115,572 5,880,646 (2,766,376,000)

590,210,323 JO Holtekamp 828,269,111 JO RRDP Apas Simanggaris JO BIJB Paket 2 Kertajati JO Cable Stayed Kendari 366,086,211 JO Bendung Randangan - Pohuwato JO Pengendali Banjir Batang Kuranji Padang JO Tambak Mulyo Mawar JO Cisangkuy JO Tol Balikpapan Samarinda JO Soker Loan China JO Jl Tolo Solo Kertosono Seksi 4 63,800,314 JO Antasari Depok JO Winrip Mangopoh Padang JO Jalan Bojonegoro - Padangan 8,153,715 JO Pumping Station 410,040,542 JO RSUD Koja 298,461,974 JO Jalan Batang 186,394,635 JO PLTA Peusangan 186,131,837 JO M 7 G / Paladian Park 147,087,522 JO Jl. Kenyam - Mugi Papua 58,877,700 JO Louwi Goong 49,103,950 JO Jl. Bojonegoro - Padangan JO Pekanbaru Permai Propertindo

Jumlah Laba (Rugi) Ventura Bersama

5,793,453,573

3,192,617,834 Total Profit (Loss) from Joint Venture

164




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 43. BAGIAN LABA VENTURA BERSAMA (lanjutan)

43.

Perusahaan melakukan perjanjian kerjasama dengan berbagai pihak sebagaimana tersebut pada masing-masing perjanjian, berupa penyerahan dana kepada pengelola sesuai kewajiban yang tertuang dalam perjanjian Ventura Bersama menurut porsi yang ditetapkan. Pengelola proyek dibentuk dengan anggota yang berasal dari masing-masing pihak yang melakukan Ventura Bersama. Pengelola proyek ini melaksanakan kegiatan pembangunan proyek yang berasal dari pemberi kerja yang bertanggungjawab sepenuhnya seluruh kegiatan tersebut termasuk laporan pertanggungjawaban keuangan proyek kepada masingmasing pihak yang melakukan perjanjian kerjasama Ventura Bersama. Nama Proyek / Project Name

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) PROFIT FROM JOINT VENTURE (continued) The Company entered into joint venture agreements with various parties as specified at each agreement, in the form of funds transfer to the manager according to the specified portion determined in the Joint Venture Agreement. Project manager is appointed from among members of the Joint Operation parties. The project manager shall carry out activities of projects development trusted by the owner and shall be fully responsible for the entire activities, including responsibility for financial reporting of the project to the entire JV project members.

Perusahaan JO / JO Company's

Persentase / Percentage

KSO PLTA Peusangan PP - Hyundai KSO Jalan Batang PP - WASKITA - DELTA KSO Fly Over Medan Jamin Ginting PP - WIKA KSO Rekonstruksi Sabodam Merapi PP - WASKITA KSO Jl Tolo Solo Kertosono Seksi 4 PP - WASKITA KSO Jembatan Kembar Lanjutan PP - PERDANA KSO Tambak Mulyo Mawar PP - ARMADA HADA GRAHA KSO Jalan Bojonegoro - Padangan PP - BRP KSO Jl Kenyam-Mugi Papua Tahap 2 PP - NIRWANA KSO Antasari Depok PP - WASKITA - HK KSO Pabrik Precast Kariangao PP - BRM PILE KSO Bendung Randangan-Pohuwato PP - NAT KSO Holtekamp PP - MWT KSO RRDP Apas Simanggaris PP - Perdasa KSO Jaringan Irigasi Leuwi Goong PP - SACNA KSO APRON II Bandara Suta PP-WIKA-WASKITA-HYUNDAI KSO Revitalisasi Pasar Medan PT - IMN KSO Jl Kenyam-Mugi Papua PP - NIRWANA KSO Kali Lamong PP - WIKA KSO Bandara Sepinggan PP - WIKA - ADHI KSO RSUD Koja PP - ARKONIN KSO Jalan Soker PP - WASKITA KSO Louwi Goong PP - WIKA KSO Fakultas Teknik UNHAS Paket 3 PP - ITOCHU KSO FT Unhas PP - ITOCHU KSO Irg Jabung PP - WIKA KSO Jembatan Siak Thp IV PP- WK - HK 165

30% : 70% 35% : 45% : 20% 51% : 49% 51% : 49% 58% : 43% 80% : 20% 60% : 40% 70% : 30% 99% : 1% 33% : 34% : 33% 25% : 75% 60% : 40% 70% 30% 60% : 40% 60% : 40% 38% : 42% : 15% : 5% 70% : 30% 99% : 1% 51% : 49% 30% : 36,67% : 33,33% 97% 3% 57.5% : 42.5% 51% : 49% 73% : 27% 73% : 27% 50% : 50% 40% : 60%

Status / Status In Progress In Progress In Progress In Progress In Progress In Progress In Progress In Progress In Progress In Progress In Progress In Progress In Progress In Progress In Progress In Progress Finished Finished Finished Finished Finished Finished Finished Finished Finished Finished Finished




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 43. BAGIAN LABA VENTURA BERSAMA (lanjutan) Nama Proyek / Project Name

43.


Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) PROFIT FROM JOINT VENTURE (continued) Persentase / Percentage

KSO Fly Over Pasar Kembang Surabaya PP - GNG - BLJ KSO Stadion Cibinong PP - PENTA KSO Bandara Samarinda Baru PP-Luhribu Jy-Tahta KSO Bendungan Karet PP - BRANTAS KSO Banyu Urip Bojonegoro PP - RMT KSO Irigasi Bajo Kab. Luwu PP - DGI KSO Jalan Sanga Sanga PP - PBS - AK - LNJ KSO Islamic Center Inhill PP - Multi Structure KSO Pumping Station PP - ADHI KSO Rehab Sungai Citarum Paket 2 PP - NK KSO RSUD Waled Cirebon PP - CAKRA KSO Sebuku Phase III PP - Bouer Prtm,Mlsy KSO Stadion Banjar PP - SAKNA KSO Jembatan Kembar Samarinda PP - PERDANA KSO Appron Bandara A Yani SMG PP - PS

Status / Status

35%

: 32.5% : 32.5% 97% : 3% 50% : 50% 30% : 70% 60% : 40% 38% : 62% 32% : 26% : 22% : 20% 55% : 45% 49% : 51% 60% : 40% : 2.50% 97.50% 35% : 65% : 2.50% 97.50% 70% : 30% 55% : 45%

Finished Finished Finished Finished Finished Finished Finished Finished Finished Finished Finished Finished Finished Finished Finished

(Lihat Catatan No. 3q)

(See Notes No. 3q)

44. BAGIAN LABA ENTITAS ASOSIASI

44.

Merupakan bagian laba (rugi) dari entitas asosiasi untuk tahun yang berakhir 31 Maret 2016 dan 2015.

The account represent income (loss) from associated company for the years ended 31 March 2016 and 2015.



Bagian Laba (Rugi) - Entitas Asosiasi 45. LABA PER SAHAM DASAR

-


Laba Usaha Laba yang dapat diatribusikan kepada: Pemilik Entitas Induk Laba Usaha per Saham Dasar Laba Bersih per Saham Dasar Rata-rata tertimbang saham beredar (lembar)

INCOME FROM ASSOCIATED COMPANY

Share of profit (loss) of associated company

EARNING PER SHARE 31 Maret / March 2015

255,277,451,064

191,742,965,998

98,169,529,785 53 20 4,842,436,500

93,533,259,816 40 19 4,842,436,500

166

Operating Income Income distributed to: Parent Company's Shareholders Operating Income per Share Earning per Share Total Weighted average number of shares issued






(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 46. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI

46.

RELATED PARTY TRANSACTIONS

Sifat dan jenis transaksi yang material dengan pihak-pihak yang berelasi adalah sebagai berikut:

The characteristic and type of significant transactions with related parties, as follows:

a. Pemerintah Republik Indonesia yang diwakili oleh Menteri Negara BUMN merupakan pemegang saham Perseroan sebesar 51% per 31 Maret 2016 dan 31 Desember 2015. Perseroan dan BUMN lain memiliki hubungan afiliasi melalui penyertaan modal Pemerintah Republik Indonesia.

a. The Government of Republic Indonesia which is represented by the State Minister of State Owned Enterprises represent the Company's shareholders of 51% as of 31 March 2016 and 31 December 2015. The Company and other State Owned Enterprises are affiliated with the Government of Republic Indonesia through ownership.

b. Perseroan menempatkan dana dan memiliki pinjaman dana pada bank-bank BUMN dengan persyaratan dan tingkat bunga normal sebagaimana yang berlaku untuk nasabah pihak ketiga.

b. The Company puts funds and gets loans from the government banks at normal terms and interest rates equal to other third party customers.

c. Perseroan mengadakan perjanjian dalam rangka usaha Perseroan dengan BUMN-BUMN lain maupun entitas anak BUMN serta badan-badan/lembaga-lembaga pemerintah yang berwenang.

c. The Company enters into agreements in relation to the Company's operations with other state owned enterprises and subsidiaries and also with other authorized government bodies and institutions.

d. Perseroan merupakan pemegang saham pada Perusahaan Asosiasi yaitu PT Muba Daya Pratama sebesar 49%, PT Inpola Meka Energi sebesar 35%, PT Prima Multi Terminal sebesar 25%, PT Alam Inti Energi sebesar 30%, PT Pekanbaru Permai Propertindo sebesar 40%, PT Sinergi Investasi Properti 20%, PT Jasa Marga Kualanamu sebesar 15%, PT Pancakarya Grahatama sebesar 15%, PT PP-Taisei Indonesia Construction sebesar 15%, PT Citra Waspphutowa sebesar 12,5% dan PT Mitra Cipta Polasarana sebesar 4,67%. e. Perusahaan membentuk beberapa proyek kerjasama operasi (Joint Operation) dengan beberapa partisipan lain dalam pemberian jasa konstruksi.

d. The Company owns 49% shares in PT Muba Daya Pratama, 35% in PT Inpola Meka Energi, 25% in PT Prima Multi Terminal, 30% in PT Alam Inti Energi, 40% in PT Pekanbaru Permai Propertindo, 20% in PT Sinergi Investasi Properti, 15% in PT Jasa Marga Kualanamu, 15% in PT Pancakarya Grahatama, 15% in PT PP-Taisei Indonesia Construction, 12.5% in PT Citra Waspphutowa and 4.67% in PT Mitra Cipta Polasarana.

Rincian, sifat hubungan dan jenis transaksi yang material dengan pihak-pihak yang berelasi adalah, sebagai berikut:

The following are details of characteristic of the relationship and types of significant transactions with the related parties:

No

Pihak Pihak Yang Berelasi / Related Parties

e. The Company established a number of joint operation projects with other participants in construction services.

Sifat Hubungan / Nature of Relationship

1

PT Bank BNI (Persero) Tbk

Afiliasi / Affiliated

2

PT Bank BTN (Persero) Tbk


Transaksi / Transaction Kas dan Setara Kas dan Pinjaman Bank / Cash and Cash Equivalents and Bank Loans Kas dan Setara Kas dan Pinjaman Bank / Cash and Cash Equivalents and Bank Loans

167






(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 46. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI (lanjutan) No


46.

RELATED PARTY TRANSACTIONS (continued)


3

PT Bank Syariah Mandiri


4

PT Bank Mandiri (Persero) Tbk


5

PT Bank BRI (Persero) Tbk


6

PT Krakatau Daya Listrik


7

PT Bukit Asam (Persero)


8 9

PT Krakatau Bandar Samudera PT KAI (Persero)

Afiliasi / Affiliated Afiliasi / Affiliated

10 PT PLN (Persero)


11 PT Muba Daya Pratama


12 Perum Peruri


13 PT Angkasa Pura Hotel


14 PT Dahana (Persero) 15 PT Angkasa Pura II (Persero)


16 PT Taspen (Persero)


17 PT Bio Farma (Persero)


16 PT Pelindo II (Persero)


17 PT Pelindo I (Persero)


18 PT Angkasa Pura I (Persero)


19 PT Jasa Marga (Persero) Tbk


Transaksi / Transaction

Kas dan Setara Kas dan Pinjaman Bank / Cash and Cash Equivalents and Bank Loans Kas dan Setara Kas dan Pinjaman Bank / Cash and Cash Equivalents and Bank Loans Kas dan Setara Kas dan Pinjaman Bank / Cash and Cash Equivalents and Bank Loans Piutang Usaha, Tagihan Bruto dan Pendapatan Usaha / Trade Receivable, Unbilled Receivable and Operating Revenue Piutang Usaha & Piutang Retensi / Trade Receivable and Retention Receivable Piutang Usaha / Trade Receivable Piutang Usaha, Tagihan Bruto dan Pendapatan Usaha / Trade Receivable, Unbilled Receivable and Operating Revenue Piutang Usaha, Tagihan Bruto dan Pendapatan Usaha / Trade Receivable, Unbilled Receivable and Operating Revenue Piutang Usaha dan Piutang Retensi / Trade Receivable and Retention Receivable Piutang Retensi, Tagihan Bruto dan Pendapatan Usaha / Retention Receivable, Unbilled Receivable and Operating Revenue Piutang Usaha,Tagihan Bruto dan Pendapatan Usaha / Trade Receivable, Unbilled Receivable, and Operating Revenue Piutang Usaha / Trade Receivable Piutang Usaha, Piutang Retensi, Tagihan Bruto dan Pendapatan Usaha / Trade Receivable, Retention Receivable, Unbilled Receivable and Operating Revenue Piutang Usaha dan Tagihan Bruto / Trade Receivable and Unbilled Receivable Piutang Usaha, Piutang Retensi dan Pendapatan Usaha / Trade Receivable, Retention Receivable, and Operating Revenue Piutang Usaha, Piutang Retensi, Tagihan Bruto dan Pendapatan Usaha / Trade Receivable, Retention Receivable, Unbilled Receivable and Operating Revenue Piutang Usaha dan Pendapatan Usaha / Trade Receivable and Operating Revenue Piutang Usaha, Tagihan Bruto dan Pendapatan Usaha / Trade Receivable, Unbilled Receivable and Operating Reven Piutang Usaha, Piutang Retensi, Tagihan Bruto dan Pendapatan Usaha / Trade Receivable, Retention Receivable, Unbilled Receivable and Operating Revenue

168








46.


20 PT Industri Kapal Indonesia (Persero) Afiliasi / Affiliated

21

22 23

24

25

26 27 28 29 30 31 32 33 34 35 36 37 38 39

RELATED PARTY TRANSACTIONS (continued) Transaksi / Transaction

Piutang Usaha, Piutang Retensi, Tagihan Bruto dan Pendapatan Usaha / Trade Receivable, Retention Receivable, Unbilled Receivable and Operating Revenue Kementerian Keuangan Pemerintah / Government Agency Piutang Usaha, Piutang Retensi, Tagihan Bruto, dan Pendapatan Usaha / Trade Receivable, Retention Receivable, Unbilled Receivable and Operating Revenue PT Hotel Indonesia Natour (Persero) Afiliasi / Affiliated Piutang Retensi and Tagihan Bruto / Retention Receivable and Unbilled Receivable PT Pelindo IV (Persero) Piutang Retensi, Tagihan Bruto, dan Pendapatan Usaha / Afiliasi / Affiliated Retention Receivable, Unbilled Receivable and Operating Revenue PT Pelindo III (Persero) Piutang Retensi, Tagihan Bruto dan Pendapatan Usaha / Afiliasi / Affiliated Retention Receivable, Unbilled Receivable and Operating Revenue PT Indonesia Power Piutang Usaha, Tagihan Bruto dan Pendapatan Usaha / Afiliasi / Affiliated Trade Receivable, Unbilled Receivable and Operating Revenue PT Wijaya Karya Beton Afiliasi / Affiliated Utang Usaha/ Trade Payable PT Wijaya Karya Rekayasa Kontruksi Afiliasi / Affiliated Utang Usaha/ Trade Payable PT Wijaya Karya Insan Pertiwi Afiliasi / Affiliated Utang Usaha/ Trade Payable Dana Pensiun Pegawai PT PP (YDP4) Afiliasi / Affiliated Piutang lain-lain / Other Receivables PT PP Taisei Afiliasi / Affiliated Piutang lain-lain / Other Receivables Koperasi Karyawan Afiliasi / Affiliated Piutang lain-lain / Other Receivables PT Citra Waspphutowa Penyertaan / Investment in Share Piutang lain-lain / Other Receivables A/R & A/P Trade & Profit (Loss) JO KSO Jatigede DAM Piutang & Utang Usaha, Laba (Rugi) KSO/ Penyertaan / Investment in Share A/R & A/P Trade & Profit (Loss) JO KSO Irigasi Jabung Penyertaan / Investment in Share Piutang & Utang Usaha, Laba (Rugi) KSO/ A/R & A/P Trade & Profit (Loss) JO KSO The Group Epicentrum Penyertaan / Investment in Share Piutang & Utang Usaha, Laba (Rugi) KSO/ A/R & A/P Trade & Profit (Loss) JO KSO Pumping Station Penyertaan / Investment in Share Piutang & Utang Usaha, Laba (Rugi) KSO/ A/R & A/P Trade & Profit (Loss) JO KSO Rehab. Sungai Citarum Paket 2 Penyertaan / Investment in Share Piutang & Utang Usaha, Laba (Rugi) KSO/ A/R & A/P Trade & Profit (Loss) JO KSO Kali Madiun Tahap 2 Penyertaan / Investment in Share Piutang & Utang Usaha, Laba (Rugi) KSO/ A/R & A/P Trade & Profit (Loss) JO KSO Irigasi Sungai Ular Penyertaan / Investment in Share Piutang & Utang Usaha, Laba (Rugi) KSO/ A/R & A/P Trade & Profit (Loss) JO

169







46.




40 KSO BPK Tower


Penyertaan / Investment in Share Piutang & Utang Usaha, Laba (Rugi) KSO/ A/R & A/P Trade & Profit (Loss) JO Penyertaan / Investment in Share Piutang & Utang Usaha, Laba (Rugi) KSO/ A/R & A/P Trade & Profit (Loss) JO Penyertaan / Investment in Share Piutang & Utang Usaha, Laba (Rugi) KSO/ A/R & A/P Trade & Profit (Loss) JO Penyertaan / Investment in Share Piutang & Utang Usaha, Laba (Rugi) KSO/ A/R & A/P Trade & Profit (Loss) JO Penyertaan / Investment in Share Piutang & Utang Usaha, Laba (Rugi) KSO/ A/R & A/P Trade & Profit (Loss) JO Penyertaan / Investment in Share Piutang & Utang Usaha, Laba (Rugi) KSO/ A/R & A/P Trade & Profit (Loss) JO

41 KSO DAM Jatigede 42 KSO DAS Solo Hulu 43 KSO Leuwi Goong 44 KSO Irigasi Batanghari ICB 45 KSO BMG Tower 2010

Tidak ada perbedaan kebijakan harga dan syarat transaksi antara pihak-pihak berelasi dan pihak ketiga.

There are no differences in pricing policy and terms of transaction between related parties and third parties.

Rincian akun yang terkait dengan transaksi Pihak-pihak Berelasi adalah sebagi berikut:

The following is the breakdown of transactions with related parties:

%

31 Mar. / Mar. 2016 Nilai / Amount

Aset / Assets Kas dan Setara Kas / Cash and Cash Equivalents 6.09 Investasi Jangka Pendek / Short Term Investments 0.64 Piutang Usaha / Trade Receivable 2.20 Piutang Retensi / Retention Receivable 2.41 Tagihan Bruto / Unbilled Receivable 10.61 Piutang Lain-lain / Other Receivables 0.01

1,136,663,062,729 119,700,000,000 409,842,170,386 449,735,882,622 1,981,254,474,888 2,328,302,213

%

31 Des. / Dec. 2015 Nilai / Amount

13.89 1.17 2.18 2.28 8.80 0.02

2,657,782,539,156 224,400,000,000 416,878,144,799 436,360,760,611 1,684,253,548,059 4,427,026,597

Persentase diatas merupakan perbandingan dengan total aset / The above percentages are in line with the total assets. % Liabilitas / Liabilities 9.25 Utang Bank / Bank Loans 5.06 Utang Non Bank / Non Bank Loans 0.22 Utang Usaha / Trade Payables Uang Muka Pemberi Pekerjaan & Konsumen / Advances From Prokects Owner & Consumers 0.21 2.80 Utang Jangka Panjang / Long-Term Liabilities


%


1,240,733,624,930 678,484,103,585 29,565,874,529

8.19 2.87 0.19

1,147,275,079,906 401,594,722,960 26,606,966,541

28,493,272,772 375,273,624,457

0.30 4.15

42,164,800,315 581,312,438,115

Persentase diatas merupakan perbandingan dengan total liabilitas / The above percentages are in line with the total liabilities.

170






(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 46. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI (lanjutan) %

Pendapatan Usaha / Operating Revenues 28.70

46.


31 Mar. / Mar. 2016 Nilai / Amount 742,545,209,908

%


23.81

471,879,705,332

Persentase diatas merupakan perbandingan dengan total pendapatan usaha / The above percentages are in line with the total operating income. Rincian selengkapnya yang terkait dengan transaksi PihakThe followings are overall breakdown of transactions with pihak Berelasi adalah sebagai berikut: related parties: % ASET / ASSETS Kas & Setara Kas / Cash & Cash Equivalents Bank Rupiah PT Bank Mandiri (Persero) Tbk 2.42 PT Bank BTN (Persero) Tbk 0.13 PT Bank Syariah Mandiri 0.11 PT Bank BRI (Persero) Tbk 0.06 PT Bank BNI (Persero) Tbk 0.04 USD PT Bank Mandiri (Persero) Tbk 0.49 PT Bank BNI (Persero) Tbk 0.01 EURO PT Bank Mandiri (Persero) Tbk 0.26 SGD PT Bank Mandiri (Persero) Tbk 0.15


31 Des. / Dec. 2015 % Nilai / Amount

452,481,176,142 23,619,133,555 20,794,754,600 11,816,645,433 8,196,475,082

3.22 0.15 0.02 0.32 0.07

615,994,838,512 29,162,153,029 4,423,950,065 60,930,085,981 12,536,916,454

91,887,494,504 2,238,725,640

0.92 0.00

175,492,858,123 179,598,760

48,116,349,039

0.74

141,660,510,231

27,753,480,399

0.05

9,592,799,666

Sub Jumlah / Sub Total

3.68

686,904,234,394

5.49

1,049,973,710,821

Deposito Berjangka / Time Deposits Rupiah PT Bank Mandiri (Persero) Tbk PT Bank BTN (Persero) Tbk PT Bank BRI (Persero) Tbk PT Bank BNI (Persero) Tbk PT Bank Syariah Mandiri

1.19 0.67 0.27 0.27 0.02

221,258,828,335 125,000,000,000 50,000,000,000 50,000,000,000 3,500,000,000

1.68 3.69 1.21 0.71 1.12

321,258,828,335 706,000,000,000 231,500,000,000 135,000,000,000 214,050,000,000

171







46.



%



0.00

-

0.00

Sub Jumlah / Sub Total Jumlah / Total

2.41 6.09

449,758,828,335 1,136,663,062,729

8.41 13.89

1,607,808,828,335 2,657,782,539,156

Rupiah PT Bank BTN PT Bank Mandiri (Persero) Tbk PT Bank BRI (Persero) Tbk

0.48 0.08 0.08

89,500,000,000 15,200,000,000 15,000,000,000

1.00 0.08 0.09

192,200,000,000 15,200,000,000 17,000,000,000

Jumlah / Total

0.64

119,700,000,000

1.17

224,400,000,000

0.40 0.33 0.24 0.20 0.11 0.10 0.09 0.08 0.04 0.03 0.03 0.02 0.01 0.01 0.01 0.01 0.01 0.00 0.00

74,088,791,217 61,378,616,219 44,336,899,900 38,092,193,542 19,954,252,502 19,535,948,598 17,485,207,899 15,785,824,983 8,355,944,022 5,610,454,818 4,981,235,911 2,996,816,907 1,980,001,988 1,772,802,000 1,523,774,191 1,440,261,786 1,091,254,926 -

0.44 0.00 0.47 0.20 0.00 0.10 0.20 0.06 0.00 0.03 0.03 0.02 0.07 0.01 0.01 0.02 0.01 0.04 0.00

84,918,134,238 89,602,684,773 38,092,193,542 19,535,948,598 38,464,212,576 11,453,569,439 5,610,454,818 4,981,235,911 2,996,816,907 13,040,264,053 1,772,802,000 1,523,774,191 3,127,956,043 1,091,254,926 8,466,716,210 290,266,413

1.72

320,410,281,409

1.70

324,968,284,638

-

Investasi Jangka Pendek / Short Term Investments

Piutang Usaha / Trade Receivable PT Krakatau Daya Listrik PT Prima Multi Terminal PT PLN (Persero) PT KAI (Persero) PT Pelindo III (Persero) PT Muba Daya Pratama PT Angkasa Pura II (Persero) PT Pekanbaru Permai Propertindo PT Pelindo IV (Persero) Kementerian Keuangan RI PT Bank Mandiri (Persero) Tbk PT Dahana (Persero) PT Jasa Marga (Persero) Tbk PT Krakatau Bandar Samudera PT Taspen (Persero) PT Indonesia Power PT Pelindo II (Persero) PT Bukit Asam (Persero) Lain-lain di bawah Rp 1 Milyar / Other of less than Billions Sub Jumlah / Sub1Total

172







46.



%


Piutang KSO / Trade Receivables JO Rupiah KSO Irigasi Jabung KSO Jembatan Siak Thp.IV KSO Jatigede DAM KSO The Group Epicentrum KSO Kali Madiun Thp 2 KSO Pumping Station KSO Kali Lamong KSO Irigasi Sungai Ular KSO Bandara Sepinggan KSO DAS Solo Hulu KSO Irigasi Batanghari ICB KSO Louwi Goong

0.09 0.08 0.08 0.06 0.05 0.04 0.03 0.02 0.01 0.01 0.01 0.00

16,288,168,147 15,159,931,996 14,771,209,830 10,785,130,124 8,915,578,886 6,978,543,990 5,163,725,537 3,949,260,499 2,027,633,172 2,007,934,626 1,511,685,637 -

0.08 0.08 0.08 0.06 0.05 0.04 0.03 0.02 0.01 0.01 0.01 0.01

16,245,180,852 15,159,931,996 14,771,209,830 10,785,130,124 8,915,578,886 7,926,488,834 5,163,725,537 3,949,260,499 2,027,633,172 2,007,934,626 1,511,685,637 1,923,494,158

Lain-lain di bawah Rp 1 Milyar / Other of less than 1 Billions

0.01

1,873,086,533

0.01

1,522,606,010


0.48 2.20

89,431,888,977 409,842,170,386

0.48 2.18

91,909,860,161 416,878,144,799

PT Pelindo II (Persero) PT PLN (Persero) PT Pembangkitan Jawa Bali PT Angkasa Pura II (Persero) PT Jasa Marga (Persero) Tbk Gala Megah Investment JO PT Prima Multi Terminal PT Hotel Indonesia Natour (Persero) PT Pelindo III (Persero) PT Bio Farma (Persero) PT Pekanbaru Permai Propertindo PT Muba Daya Pratama PT Bank BNI (Persero) Tbk PT Pelindo IV (Persero) PT Bank Mandiri (Persero) Tbk PT Angkasa Pura I (Persero) PT Angkasa Pura Hotel PT Angkasa Pura I (Persero)

1.60 0.18 0.14 0.13 0.09 0.04 0.04 0.04 0.04 0.03 0.02 0.02 0.01 0.01 0.01 0.01 0.00 0.00

298,345,382,931 32,671,714,361 25,336,603,618 25,184,515,543 16,085,517,925 8,215,884,369 8,102,421,309 7,420,204,545 6,959,211,098 5,227,265,222 4,517,434,657 3,357,000,000 2,797,136,364 2,188,532,279 1,500,000,000 1,038,000,000 -

1.54 0.16 0.13 0.13 0.07 0.04 0.02 0.04 0.03 0.02 0.02 0.02 0.01 0.01 0.01 0.00 0.01 0.01

293,935,344,115 31,445,036,649 25,336,603,618 25,601,601,409 12,542,937,156 8,215,884,369 4,491,914,473 7,420,204,545 5,525,637,144 4,392,144,317 3,629,068,759 3,357,000,000 2,797,136,364 1,301,530,398 1,500,000,000 2,272,863,875 1,779,278,075

Lain-lain di bawah Rp 1 Milyar / Other of less than 1 Billions Jumlah / Total

0.00

789,058,401

0.00

816,575,345

2.41

449,735,882,622

2.28

436,360,760,611

Piutang Retensi / Retention Receivable Rupiah

173






(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 46. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI (lanjutan) % Tagihan Bruto Kepada Pemberi Kerja / Unbilled Receivable Rupiah PT Pelindo II (Persero) PT Hutama Karya (persero) PT Angkasa Pura II (Persero) PT Prima Multi Terminal PT PLN (Persero) PT Jasa Marga (Persero) Tbk PT Pelindo IV (Persero) PT Angkasa Pura I (Persero) PT KAI (Persero) PT Pelindo III (Persero) PT Pekanbaru Permai Propertindo PT Bio Farma (Persero) PT Hotel Indonesia Natour (Persero) Kementerian Kesehatan RI PT Pertamina EP Cepu PT Indopola Meka Energy Perum Peruri PT Indonesia Power PT Krakatau Daya Listrik PT Inpola Meka Energy PT Angkasa Pura Hotel Lain-lain di bawah Rp 1 Milyar / Other of less than 1 Billions Jumlah / Total Piutang Lain-Lain / Other Receivables Jangka Pendek / Short Term Yayasan Dana Pensiun Pegawai PT PP (YDP4) PT PP Taisei Piutang Bunga Koperasi Karyawan Sub Jumlah / Sub Total

46.



%


2.12 1.71 1.42 1.34 1.26 0.90 0.67 0.28 0.24 0.15 0.13 0.13 0.06 0.06 0.05 0.05 0.03 0.01 0.00 0.00 0.00 0.00

395,304,147,324 318,330,384,000 265,980,392,816 250,318,068,064 235,877,274,811 168,121,387,522 125,574,860,421 51,821,602,104 44,321,032,607 28,089,681,820 24,925,265,863 24,611,485,467 11,508,286,039 10,337,159,689 8,504,990,000 8,452,214,678 6,479,500,000 1,981,664,914 715,076,749

1.59 0.34 1.24 1.44 1.46 0.83 0.71 0.23 0.23 0.25 0.16 0.09 0.06 0.00 0.00 0.00 0.03 0.00 0.09 0.02 0.01 0.00

304,753,883,142 65,828,000,000 237,621,705,201 275,751,836,308 280,063,985,357 159,581,185,759 136,281,040,694 43,848,248,173 44,321,032,607 47,954,269,569 30,088,247,772 16,818,454,092 11,508,286,039 6,479,500,000 17,808,297,783 3,952,898,000 1,592,677,563 -

10.61

1,981,254,474,888

8.80

1,684,253,548,059

0.00 0.00 0.00 0.01

35,826,000 5,811,470 369,012,331 1,130,627,684

0.00 0.00 0.01 0.01

35,826,000 5,811,470 2,513,768,495 1,084,595,904

0.01

1,541,277,485

0.02

3,640,001,869

174







46.



%


Jangka Panjang / Long Term PT Citra Waspphutowa

0.00

787,024,728

0.00

787,024,728

Jumlah / Total

0.01

2,328,302,213

0.02

4,427,026,597

4.65 1.52 1.86 0.15 1.06

624,073,578,036 204,143,151,194 250,000,000,000 20,000,000,000 142,516,895,700

4.62 1.46 1.46 0.36 0.29

646,989,651,500 205,034,737,872 205,000,000,000 50,000,000,000 40,250,690,534

9.25

1,240,733,624,930

8.19

1,147,275,079,906

Utang Non Bank / Non Bank Loans Lembaga Pembiayaan Ekspor Indonesia5.06

678,484,103,585

2.87

401,594,722,960

5.06

678,484,103,585

2.87

401,594,722,960

0.07 0.08 0.00

9,193,004,065 10,791,623,296 -

0.07 0.03 0.00

9,691,845,817 3,742,707,502 559,830,260

0.15

19,984,627,361

0.10

13,994,383,579

PT Jasa Marga (Persero) Tbk PT Prima Multi Terminal PT Inpola Meka Energy PT Bio Farma (Persero) PT Pelindo III (Persero) PT Indonesia Power PT PLN (Persero) Lain-lain di bawah Rp 1 Milyar / Other of less than 1 Billions

0.82 0.55 0.19 0.08 0.06 0.06 0.00 0.00

110,596,756,636 73,568,157,383 26,067,363,636 11,268,171,162 8,684,918,184 8,116,959,282 423,224,144

0.32 0.58 0.07 0.10 0.10 0.06 0.04 0.00

44,836,363,636 80,789,171,055 10,067,363,636 14,280,480,546 14,474,863,638 8,362,458,450 5,046,997,681 -

Jumlah / Total

1.78

238,725,550,427

1.27

177,857,698,642

Utang Bank / Bank Loans Jangka Pendek / Short Term PT Bank Mandiri (Persero) Tbk PT BRI (Persero) Tbk PT BNI (Persero) Tbk PT Bank BTN (Persero) Tbk PT Bank Syariah Mandiri Jumlah / Total

Jumlah / Total Utang Usaha / Trade Payables PT Wijaya Karya Rekayasa Kontruksi PT Wijaya Karya Beton Lain-lain di bawah Rp 1 Milyar / Other of less than 1 Billions Jumlah / Total Uang Muka Pemberi Pekerjaan dan Konsumen / Advances From Projects Owners and Consumers

175







46.



%


Uang Jangka Panjang / Long Term Liabilities PT Bank BTN (Persero) Tbk 2.13 PT Bank Syariah Mandiri 0.35 PT Bank BRI (Persero) Tbk 0.06 0.26 Lembaga Pembiayaan Ekspor Indonesia Jumlah / Total 2.80

285,530,250,000 46,392,083,333 8,439,525,684 34,911,765,440

2.46 1.28 0.07 0.16

344,610,000,000 178,852,571,778 10,111,725,684 21,838,704,612

375,273,624,457

3.96

555,413,002,074

Pendapatan / Revenue PT Hutama Karya (persero) PT Pelindo II (Persero) PT PLN (Persero) PT Jasa Marga (Persero) Tbk PT Prima Multi Terminal PT Angkasa Pura I (Persero) PT Angkasa Pura II (Persero) PT Bio Farma (Persero) PT Pelindo III (Persero) PT Pertamina EP Cepu PT Pelindo IV (Persero) Kementerian Kesehatan RI PT Indopola Meka Energy PT Indonesia Power PT Angkasa Pura Hotel Lain-lain di bawah Rp 1 Milyar / Other of less than 1 Billions

9.83 6.98 2.11 2.10 1.81 1.40 1.33 0.95 0.94 0.33 0.27 0.24 0.17 0.14 0.09 0.00

254,457,334,000 180,691,420,468 54,552,019,099 54,313,361,409 46,776,368,483 36,330,440,367 34,312,530,132 24,495,449,467 24,420,048,615 8,504,990,000 7,033,857,355 6,336,002,599 4,499,316,678 3,618,326,033 2,203,745,203 -

14.89 4.95 0.09 0.23 0.13 0.19 3.29 0.04

295,075,327,425 98,058,952,460 1,745,359,012 4,535,052,432 2,644,133,155 3,761,542,892 65,284,766,415 774,571,541

28.70

742,545,209,908

23.81

471,879,705,332

Jumlah / Total

Biaya remunerasi Komisaris, Direksi dan Karyawan kunci untuk tahun yang berakhir 31 Maret 2016 dan 2015 adalah sebagai berikut:

The remunerations of Commissioners, Directors and key employees for the years ended 31 March 2016 and 2015:



Komisaris Direksi Karyawan kunci

861,300,000 1,914,000,000 2,230,432,406

683,100,000 1,518,000,000 1,816,573,333

Commissioner Directors Key employees

Jumlah

5,005,732,406

4,017,673,333

Total

176






(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 46. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI (lanjutan)

46.


Seluruh transaksi kepada pihak berelasi telah diungkapkan pada laporan keuangan.

The entire transactions with related parties are disclosed in the financial statements.

Personil manajemen kunci Perseroan adalah Komisaris, Direksi dan Kepala Divisi.

Key management personnel of the company are Boards of Commissioners, Directors and Division Head.

47. ASET DAN LIABILITAS MONETER DALAM MATA UANG ASING

47.

Saldo Aset dan liabilitas moneter dalam mata uang asing adalah sebagai berikut: Mata Uang Asing / Foreign Currencies Aset Kas dan Setara Kas

Piutang Usaha Piutang Retensi Tagihan Bruto Liabilities Utang Usaha


Balance of monetary assets and liabilities denominated in foreign currencies:

31 Maret / March 2016 Ekuivalen / Equivalent

Rupiah / Rupiah Assets Cash and Cash Equivalents

USD JPY SGD EURO USD USD USD

7,665,320 49,347 2,823,320 3,281,690 3,871,342 11,057,399 19,223,566

101,764,787,789 5,831,944 27,753,480,399 49,323,028,902 51,395,930,672 146,798,029,124 255,212,060,624

Trade Receivables Retention Receivables Gross Rec. from Project Owners

USD

38,118,490

506,061,075,122

Trade Payables

Mata Uang Asing / Foreign Currencies Aset Kas dan Setara Kas

MONETARY ASSETS AND LIABILITIES IN FOREIGN CURRENCIES

31 Desember / December 2015 Ekuivalen / Equivalent



15,070,502 49,505 983,757 12,097,967 592,632 3,373,785 7,332,140

207,897,577,987 5,669,511 9,592,799,666 182,312,434,015 8,175,355,839 46,541,360,219 101,146,870,459


USD

36,684,384

506,061,075,122

Trade Payables

177




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 48. INFORMASI SEGMEN

48.

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) SEGMENT INFORMATION

Berdasarkan penelaahan laporan-laporan, Dewan Direksi menetapkan operasi bisnis dari perspektif segmen primer yaitu jenis usaha dan segmen sekunder yaitu geografis:

Based on reviewed of reports, Board of Director has determined business operations from both the premier segment and secondary segment. The premier segment is the business type and the secondary segment is geographical perpective:

a. Segmen Primer

a. Primary Segment

Segmen primer Perusahaan dikelompokkan berdasarkan jenis usaha/produk yang dihasilkan. Informasi segmen berdasarkan jenis usaha/produk adalah sebagai berikut:

The Company primary segments are classified on the basis of type of business/product, as follows:

31 Maret / March 2016 Keterangan /

Konstruksi /

EPC /

Description

Contruction

EPC

Properti & Realti /

Pracetak /

Peralatan /

Eliminasi /

Jumlah /

Property & Real Estate

Precast

Equipment

Elimination

Total

Aset Aset Segmen / Segment Assets: 11,582,104,903,704 #############

1,204,393,587,610

-

-

(2,182,261,476,726)

11,538,788,902,411

- PT PP Properti

-

-

5,956,326,009,764

-

-

(50,140,403,805)

5,906,185,605,959

- PT PP Peralatan

-

-

-

-

426,952,743,776

(52,848,436,712)

374,104,307,064

565,040,745,418

-

14,030,270,616

364,108,947,302

-

(96,346,303,943)

846,833,659,392

7,174,749,867,990

364,108,947,302

426,952,743,776

(2,381,596,621,186)

18,665,912,474,826

- Perusahaan Induk / Parent Company

- PT PP Pracetak Jumlah Aset Segmen / Total Segmen Assets

12,147,145,649,122 #############

178




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 48. INFORMASI SEGMEN (lanjutan)

48.

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) SEGMENT INFORMATION (continued)


Konstruksi /

EPC /

Description

Contruction

EPC

Properti & Realti /

Pracetak /

Peralatan /

Eliminasi /

Jumlah /


Precast

Equipment

Elimination

Total

Liabilitas / Liabilities Utang Segmen / Segment Liabilities : - Perusahaan Induk / Parent Company

9,950,659,935,969 #############

7,538,025,256

-

-

(151,260,174,578)

10,127,536,416,977

-

-

(1,124,608,909,150)

2,223,526,820,525

323,813,607,868

(8,094,281,645)

315,719,326,223

- PT PP Properti

-

-

3,348,135,729,675

- PT PP Peralatan

-

-

-

617,585,647,927

-

39,067,159,655

93,302,629,947

-

(8,638,835,771)

741,316,601,758

3,394,740,914,586

93,302,629,947

323,813,607,868

(1,292,602,201,145)

13,408,099,165,482

- PT PP Pracetak Jumlah Utang Segmen / Total Segmen Liabilities

10,568,245,583,896 #############

4,488,884,486,949

Ekuitas / Equity

768,928,822,395

Kepentingan Non Pengendali / Non Controlling Interest

18,665,912,474,826

Jumlah Liabilitas dan Ekuitas / Total Liabilities and Equity

179





48.



Konstruksi /

EPC /

Description

Contruction

EPC

Properti & Realti /

Pracetak /

Peralatan /

Eliminasi /

Jumlah /


Precast

Equipment

Elimination

Total

Pendapatan Usaha / Operating Income: 1,794,537,071,879

239,010,591,014

5,562,572,666

-

-

(70,900,981,991)

1,968,209,253,568

66,551,676,252

-

14,780,948,227

52,931,533,819

-

(65,065,342,359)

69,198,815,939

- PT PP Properti

-

-

533,703,532,492

-

-

- PT PP Peralatan

-

-

-

-

68,287,874,981

(51,718,612,093)

16,569,262,888

1,861,088,748,131

239,010,591,014

554,047,053,385

52,931,533,819

68,287,874,981

(187,684,936,443)

2,587,680,864,887

92,629,191,932

(1,760,247,581,308)

820,608,333

(121,259,109,898)

94,235,136,178

(295,305,216,807)

(50,917,927,441)

-

(50,917,927,441)

- Perusahaan Induk / Parent Company - PT PP Pracetak

Jumlah Pendapatan Usaha / Total Operating Income

533,703,532,492

Beban Pokok Penjualan / Cost of Goods Sold: - Perusahaan Induk / Parent Company - PT PP Pracetak

(1,638,651,941,605)

(210,041,100,827)

(60,073,758,578)

(4,183,730,808)

(13,353,347,842)

(48,652,611,811)

(389,540,352,985)

- PT PP Properti - PT PP Peralatan Jumlah Beb.Pokok Penjualan / Total Cost of Goods Sold Hasil Segmen / Segment Revenue

(1,698,725,700,183)

(210,041,100,827)

(407,077,431,635)

(48,652,611,811)

(50,917,927,441)

187,684,936,443

(2,227,729,835,454)

162,363,047,948

28,969,490,187

146,969,621,750

4,278,922,008

17,369,947,540

-

359,951,029,433

180







48.

SEGMENT INFORMATION (continued)


Konstruksi /

EPC /

Description

Contruction

EPC

Beban Usaha / Operating Expenses Laba Usaha / Operating Income Pendapatan (Beban) Lain-lain / Others Income (Expenses)

Laba Sebelum Pajak Penghasilan / Profit Before Income Tax

Properti & Realti /

Pracetak /

Peralatan /

Eliminasi /

Jumlah /


Precast

Equipment

Elimination

Total

(78,709,804,795)

(5,928,433,627)

(17,419,463,405)

-

(2,615,876,542)

-

(104,673,578,369)

83,653,243,153

23,041,056,560

129,550,158,345

4,278,922,008

14,754,070,998

-

255,277,451,064

(18,814,468,843)

-

(10,308,801,798)

-

(5,836,246,521)

-

(34,959,517,162)

64,838,774,310

23,041,056,560

119,241,356,547

4,278,922,008

8,917,824,477

-

220,317,933,902

Penghasilan (Beban) Pajak / Income Tax (Expenses)

(90,414,902,229)

Laba Tahun Berjalan dari Operasi yg dilanjutkan / Current Profit of Continued Operations

129,903,031,673

Penghasilan Komprehensif Lain Pos Yang Tidak Akan Direklasifikasi ke Laba (Rugi) / Other Comprehensive Income Post That Will Not Be Reclassified to Income (Loss ) Laba (Rugi) dan Penghasilan Komprehensif Lain Tahun Berjalan/ Income (Loss) and Other Comprehensive Income

8,838,043,508

138,741,075,181

Laba yang dapat diatribusikan kepada / Attribute Income : 98,169,529,785

Pemilik entitas induk / Main Entity

31,733,501,888

Kepentingan non-pengendali / Non Main Entity

129,903,031,673

Jumlah laba (rugi) komprehensif Yang dapat diatribusikan kepada / Total of Comprehensive Income that may to attribute to: 107,007,573,293


31,733,501,888


138,741,075,181

Laba Per Saham (dalam rupiah) Dasar / Earning Per Share (IDR) Authorized Capital

181

20




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain)

48. INFORMASI SEGMEN (lanjutan)

48.



31 Desember / December 2015 Keterangan /

Konstruksi /

EPC /

Description

Contruction

EPC

Properti & Realti /

Pracetak /

Peralatan /

Eliminasi /

Jumlah /


Precast

Equipment

Elimination

Total

Aset Aset Segmen / Segment Assets: 12,765,576,006,035 #############

1,078,485,012,725

-

-

(2,160,758,016,544)

12,457,785,858,082

- PT PP Properti

-

-

5,318,956,722,653

-

-

(5,890,399,090)

5,313,066,323,563

- PT PP Peralatan

-

-

-

-

378,545,772,859

(84,207,535,364)

294,338,237,495

933,901,570,495

-


- PT PP Pracetak Jumlah Aset Segmen / Total Segmen Assets

13,699,477,576,530 #############

10,526,206,760

198,087,612,985

-

(78,894,026,961)

1,063,621,363,279

6,407,967,942,138

198,087,612,985

378,545,772,859

(2,329,749,977,959)

19,128,811,782,419

7,290,552,144

-

-

(1,094,709,792,163)

10,120,734,249,135

-

-

(132,211,830,808)

2,669,158,037,608

282,687,873,995

(6,438,502,237)

276,249,371,758


10,816,288,053,946 #############

- PT PP Properti

-

-

2,801,369,868,416

- PT PP Peralatan

-

-

-

867,810,360,060

-

26,826,504,320

56,356,458,086

-

(7,395,432,711)

943,597,889,755

2,835,486,924,880

56,356,458,086

282,687,873,995

(1,240,755,557,919)

14,009,739,548,256


11,684,098,414,006 #############

4,381,876,913,656

Ekuitas / Equity

737,195,320,507


19,128,811,782,419


182





48.



Konstruksi /

EPC /

Description

Contruction

EPC

Properti & Realti /

Pracetak /

Peralatan /

Eliminasi /

Jumlah /


Precast

Equipment

Elimination

Total


163,358,348,875

4,903,459,659

-

-

(4,989,365,814)

1,461,265,562,887

99,001,227,955

-

20,254,066,507

4,726,836,269

-

(10,000,359,000)

113,981,771,731

- PT PP Properti

-

-

387,892,782,684

-

-

-

387,892,782,684

- PT PP Peralatan

-

-

-

-

52,523,046,924

(33,867,561,906)

18,655,485,018

1,396,994,348,122

163,358,348,875

413,050,308,850

4,726,836,269

52,523,046,924

(48,857,286,720)

1,981,795,602,320



Beban Pokok Penjualan / Cost of Goods Sold: - Perusahaan Induk / Parent Company - PT PP Pracetak - PT PP Properti

(1,182,638,706,535)

(143,431,356,735)

(3,739,359,482)

-

-

37,028,815,906

(1,292,780,606,846)

(89,086,626,236)

-

(18,282,008,717)

(4,360,715,000)

-

513,755,000

(111,215,594,953)

-

-

(276,150,266,338)

-

-

11,314,715,814

(264,835,550,524)

(35,179,483,199)

-

(35,179,483,199)

(35,179,483,199)

48,857,286,720

(1,704,011,235,522)

- PT PP Peralatan Jumlah Beb.Pokok Penjualan / Total Cost of Goods Sold Hasil Segmen / Segment Revenue Beban Usaha / Operating Expenses Laba Usaha / Operating Income

(1,271,725,332,771)

(143,431,356,735)

(298,171,634,537)

125,269,015,351

19,926,992,140

114,878,674,313

366,121,269

17,343,563,725

-

277,784,366,798

(71,952,450,010)

(5,224,831,238)

(6,593,078,807)

-

(2,271,040,745)

-

(86,041,400,800)

53,316,565,341

14,702,160,902

108,285,595,506

366,121,269

15,072,522,980

-

191,742,965,998

183

(4,360,715,000)







48.



Konstruksi /

EPC /

Description

Contruction

EPC

Pendapatan (Beban) Lain-lain / Others Income (Expenses)


Properti & Realti /

Pracetak /

Peralatan /

Eliminasi /

Jumlah /


Precast

Equipment

Elimination

Total

(18,189,901,725)

-

(5,586,664,648)

-

(5,908,292,686)

-

(29,684,859,059)

35,126,663,616

14,702,160,902

102,698,930,858

366,121,269

9,164,230,294

-

162,058,106,939

(68,441,818,936)

Penghasilan (Beban) Pajak / Income Tax (Expenses) Laba Tahun Berjalan dari Operasi yg dilanjutkan / Current Profit of Continued Operations Penghasilan Komprehensif Lain Pos Yang Tidak Akan Direklasifikasi ke Laba (Rugi) / Other Comprehensive Income Post That Will Not Be Reclassified to Income (Loss ) Laba (Rugi) dan Penghasilan Komprehensif Lain Tahun Berjalan/ Income (Loss) and Other Comprehensive Income

93,616,288,003 -

93,616,288,003



83,028,187


93,616,288,003



83,028,187


93,616,288,003


184

19







48.

b. Segmen Sekunder Segmen sekunder perusahaan dikelompokkan berdasarkan daerah geografis dengan rincian sebagai berikut: Nama Divisi

SEGMENT INFORMATION (continued) b. Secondary Segment The Company secondary segments are grouped on the basis of geographical locations:

Wilayah / Region

Division Name

Divisi Operasi I (DVO I)

Cabang / Branch I (Sumatera Utara dan/and Aceh) Cabang / Branch II (Lampung, Bengkulu,Sumatera Selatan, Bangka Belitung dan/and Banten) Cabang / Branch IX (Sumatera Barat, Jambi, Riau dan/and Batam)

Business Division I (DVO I)

Divisi Operasi II (DVO II)

Cabang / Branch III (DKI Jakarta) Cabang / Branch IV (Jawa Barat) Cabang Luar Negeri / Overseas Branches

Business Division II (DVO II)

Divisi Operasi III (DVO III)

Cabang / Branch V (Jawa Tengah, Yogyakarta Jawa Timur) Cabang / Branch VI (Kalimantan)

Business Division III (DVO III)

Divisi Operasi IV (DVO IV)

Cabang / Branch VII (Bali, Nusa Tenggara Barat dan/and Timur, Papua, Timor Leste) Cabang / Branch VIII (Sulawesi, Gorontalo, Maluku)

Business Division IV (DVO IV)

Divisi EPC EPC Division (EPC) Seluruh / Entire Indonesia Informasi segmen berdasarkan daerah geografis adalah Segment information based on geographical area: sebagai berikut : 31 Maret / March 2016


Aset / Asset Sumatera Jakarta dan Jawa Barat Jateng, Jatim dan Kalimantan Bali, Nusa Tenggara, Sulawesi, Gorontalo, Maluku dan Papua Lainnya / Others

2,709,086,376,259 2,223,836,635,833 1,511,575,163,180

2,314,101,948,769 2,109,978,148,958 1,478,188,799,562

1,365,790,709,210 10,855,623,590,344

1,463,584,050,676 11,762,958,834,454

Jumlah / Total

18,665,912,474,826

19,128,811,782,419

1,986,271,550,468 1,815,982,677,757 1,464,981,737,349

1,892,327,121,639 2,780,216,162,398 1,851,868,350,076

1,210,966,273,419 6,929,896,926,489 13,408,099,165,482

1,426,992,762,658 6,058,335,151,485 14,009,739,548,256

Liabilitas / Liabilities Sumatera Jakarta dan Jawa Barat Jateng, Jatim dan Kalimantan Bali, Nusa Tenggara, Sulawesi, Gorontalo, Maluku dan Papua Lainnya / Others Jumlah / Total

185






Pendapatan / Revenues Sumatera Jakarta dan Jawa Barat Jateng, Jatim dan Kalimantan Bali, Nusa Tenggara, Sulawesi, Gorontalo, Maluku dan Papua Lainnya / Others Jumlah / Total

31 Maret / March 2015 137,744,231,689 703,814,407,506 294,524,676,519

143,032,167,203 793,143,793,008 2,587,680,864,887

161,909,804,453 683,802,482,153 1,981,795,602,320 49.

1. Perusahaan memberikan Bank Garansi dan Letter of Credit/SKBDN untuk kepentingan Pemilik Proyek dan Supplier, saldo per 31 Maret 2016 dan 31 Desember 2015 sebagai berikut:


1,530,249,598,563 186,319,480,000 213,914,300,000 -

4,507,715,010,761 891,463,307,280 877,320,814,180 474,096,006,540

2. Perusahaan mempunyai komitmen untuk melaksanakan pekerjaan konstruksi, diantaranya adalah sebagai berikut:

2. The Company has commitments to carry out the following construction works:

Nilai Kontrak / Contract Value

BENDUNG LOLAK SULUT WADUK PIDEKSO REHABILITASI DI SEDADI

754,545,454,545 361,129,090,909 171,976,980,000

APARTEMEN GUNAWANGSA SURABAYA PEKERJAAN JALAN BATAS SIBOLGA - TAP. SEL GRESIK GAS COGENERATION PLANT

280,898,112,777

CASSIA CONDOTEL BINTAN PLTU PAMA-01 SPRING WOOD JL TOL MEDAN-TEBING TINGGI

AGREEMENT AND COMMITMENTS (continued) 1 The Company provides Bank guarantees and Letter of . Credit/SKBDN for the interest of projects owners and suppliers, the balances of which as of 31 March 2016 and 31 December 2015 are as follows:


Nama Proyek / Project Name


577,337,424,450 672,317,176,374 401,850,303,852

49. PERJANJIAN DAN KOMITMEN (lanjutan)

Bank Guarantee (IDR) L/C & SKBDN (IDR) Letter of Credit (USD) Letter of Credit (EURO)


Pemberi Kerja / Bowheer

Tenggat Waktu / Period Mulai / Start Selesai / End

SNVT PJSA BWS Sulawesi I Dinas PU SNVT Bengawan solo Balai Besar Wilayah Sungai Pemali Juana PT Warna Warni Investama

21-Feb-15 26-Nov-14 23-Oct-15

20-Feb-20 05-Nov-18 30-Nov-18

03-Aug-15

03-Apr-18

01-Nov-15

19-Jan-18

156,000,000,000

Kementrian PU dan Perumahan Rakyat, Sumatera Utara PT Petrokimia Gresik

13-Nov-15

13-Sep-17

254,310,000,000 168,066,762,500 292,949,090,909 584,181,818,182

PT Cassia Resort Investment PT Energia Prima Nusantara PT Triniti Dinamik PT Jasa Marga (Persero) Tbk

09-Mar-15 01-Oct-15 01-Aug-15 07-Dec-15

31-Oct-17 31-Jul-17 30-Jun-17 31-May-17

236,454,545,455

186




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 49. PERJANJIAN DAN KOMITMEN (lanjutan) Nama Proyek / Project Name

49.


Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) AGREEMENT AND COMMITMENTS (continued) Pemberi Kerja / Bowheer


REKLAMASI&PEMB DERMAGA MAKASAR NEWPORT TUNJUNGAN PLAZA 6 SURABAYA PELABUHAN KUALA TANJUNG THE MANHATTAN MALL - MEDAN PEMBANGUNAN JALAN TOL MEDAN - KUALANAMU - TEBING TINGGI SEKSI 4B ADOLINA - PERBA

297,153,059,091

PT Pelindo IV (Persero)

03-Jun-15

28-May-17

231,820,000,000 897,730,000,000 345,336,363,636 448,363,636,364

PT Pakuwon Jati Tbk PT Prima Multi Terminal PT Greenland Garden Realty PT Jasa Marga (Persero) Tbk

28-May-14 17-Apr-15 06-Apr-15 21-Oct-15

27-May-17 16-Apr-17 25-Mar-17 14-Mar-17

ST.MORITZ PANAKKUKANG MAKASSAR KARAWACI SENTRAL BUSSINESS DISTRIC WANG RESIDENCE LEXINGTON RESIDENCE ANTASARI HEIGHTS RESIDENCE JAKARTA STADION BEKASI THP VII DRY PORT

576,163,000,000

PT Tribuana Jaya Raya

21-Apr-15

09-Feb-17

397,894,432,000

PT Satu Stop Sukses

07-May-15

07-Jan-17

204,818,425,760 196,586,363,636 126,000,000,000

PT Citicon Propertindo PT Satria Pusaka Permata Perkasa PT Radinka Quatro Land

01-Dec-14 01-Oct-14 01-Apr-15

31-Dec-16 31-Dec-16 31-Dec-16

129,003,910,000 98,781,382,727

Dinas Pemuda dan Olahraga Kementrian PUPR, Dirjen Bina Marga, Satker PJN Metropolitan Jakarta Dinas PU DKI Jakarta

22-Jun-15 29-Jul-15

18-Dec-15 19-Dec-16

15-Dec-14

14-Dec-16

Dinas Kesehatan Provinsi Pekanbaru

19-Dec-14

07-Dec-16

PT Duta Senawijaya Mandiri PT Multi Karya Utama Abadi PT Jasa Marga (Persero) Tbk PT Pelindo II (Persero) PT Prima Bintaro Royale PT Kalla Inti Karsa PT Pakuwon Permai PT Sutera Agung Properti PT Graha Multi Insani Dinas PU Kalimantan Timur PT Trans Marga Jateng Dinas PU PT Mahardika Agung Lestari PT Servo Lintas Raya PT Servo Lintas Raya

31-Mar-15 01-Jun-15 07-Dec-15 11-Sep-12 13-Jul-15 01-Aug-15 01-Sep-14 06-Jan-14 15-Sep-14 08-Sep-14 01-Aug-15 31-Aug-15 01-Jun-15 03-Aug-15 02-Apr-15

30-Nov-16 21-Nov-16 20-Nov-16 10-Nov-16 04-Nov-16 24-Oct-16 30-Oct-16 03-Sep-16 28-Aug-16 28-Aug-16 25-Aug-16 24-Aug-16 23-Aug-16 03-Aug-16 30-Jul-16

PEMB. JALAN LAYANG 280,705,863,636 KEBAYORAN LAMA PEMB. RUMAH SAKIT DAERAH 73,548,961,818 PEKANBARU 177,987,816,824 GARDENIA APARTEMENT BOGOR 232,000,000,000 TECHNOPLEX LIVING APARTMENT 80,150,295,000 JALAN TOL KOPO BUAH BATU 8,208,795,353,371 TERMINAL PETI KEMAS KALIBARU 104,545,454,546 BINTARO ICON 357,928,182,000 NIPAH MALL - MAKASSAR 225,708,163,061 SUPERMALL 3 SURABAYA 320,870,909,000 APARTEMEN SAUMATA 144,700,000,000 APARTEMEN HADININGRAT 299,754,227,273 ISLAMIC CENTER BALIKPAPAN 339,333,636,364 JALAN TOL BAWEN - SALATIGA 181,772,727,273 RS PROVISNSI BALI 221,881,818,182 GRAND JATI JUNCTION 86,772,826,800 JEMBATAN SERVO SERVO LINTAS RAYA HAUL UPGRADE 357,869,750,000

187





49.


Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) AGREEMENT AND COMMITMENTS (continued) Pemberi Kerja / Bowheer


ALFA HEAD QUARTERS OFFICE TOWER PEJATEN PARK RESIDENCE SRONDOL MIXED USED MP39 RELOCATE PROJECTFREEPORT LOWLAND LAFAYETTE SEMARANG PROMENADE CONDOTEL PADANG JEMBATAN KALI SANJOYO JALAN BATURADEN MIXED USE KEBAYORAN ICON RS OMNI CIKARANG SWISS BELHOTEL SURABAYA ICON COMPLEX FASILITAS PENUNJANG BANDARA RAJA HAJI FISABILILLAH TANJUNG PINANG PEMBANGUNAN SEMANI TAHAP II

209,609,362,081

PT Perkasa Internusa Mandiri

05-Jan-15

05-Jul-16

205,909,090,909 139,000,000,000 129,000,000,000

PT Kuala Jaya Realty PT Sun Property Abadi PT Freeport Indonesia

01-Jan-15 05-Jan-15 24-Apr-15

30-Jun-16 28-Jun-16 24-Jun-16

245,888,000,000 104,500,000,000 72,567,272,727 118,181,000,000 145,454,545,455 31,500,000,000 172,545,454,545 390,909,574,057 75,619,071,818

PT Pahala Agung PT Griya Cipta Optimal PT Trans Marga Jateng PT Sejahtera Alam Energy PT Kebayoran Puspita PT Sarana Aditama Anugerah PT Centurion Perkasa Iman PT Duta Anggada Realty Tbk PT Angkasa Pura II (Persero)

31-Oct-14 11-May-15 19-Aug-15 15-Sep-15 10-Oct-14 10-Aug-15 08-Jan-15 01-Dec-14 13-Jan-15

22-Jun-16 19-Jul-16 14-Jul-16 11-Jun-16 01-Jun-16 06-Apr-16 02-Apr-16 25-Mar-16 07-Mar-16

104,380,727,273

08-Sep-14

01-Mar-16

GRAND KAMALA LAGOON BEKASI INDARUNG CC7 PEM. MIXED USED DEV. PANGHEGAR PEKANBARU PEMB ISLAMIC CENTER KAB NUNUKAN THP II PEMBANGUNAN HOTEL HOWARD JOHNSON PEK. PEMB. JALAN SAKETI BANJARSARI APRON BANDARA A. YANI SEMARANG JALAN TIBAR - GLENO, TIMOR LESTE CONVEYOR TELUK LAMONG

187,149,000,000 144,707,738,850 150,000,000,000

Dinas Bina Marga & Pengairan Pemkot Samarinda PT PP Properti Tbk PT Semen Padang PT Panghegar Pekanbaru Permai

01-Dec-14 04-Dec-15 26-Dec-14

29-Feb-16 27-Feb-16 17-Feb-16

162,211,300,000

Dinas PU Kabupaten Nunukan

19-Dec-14

16-Feb-16

PT Tiara Abadi Nirmala

07-Oct-14

07-Feb-16

144,411,456,364

Dinas Bina Marga dan Tata Ruang

04-Aug-14

26-Jan-16

141,785,432,182

PT Angkasa Pura I (Persero)

31-Mar-15

24-Jan-16

263,629,515,780

Kementerian Infrastruktur Timor Leste

02-Jul-13

20-Jan-16

144,748,636,364

PT Pelindo III (Persero)

07-Jan-15

07-Jan-16

UK PETRA GEDUNG P1&P2

179,545,454,545

Yayasan Perguruan Tinggi Kristen Petra PT PLN BATAM

13-Oct-14

05-Jan-16

01-Nov-13

31-Dec-15

PLTGU TANJUNG UNCANG 100 120 MW

52,044,866,008

1,105,818,339,893

188






(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 49. PERJANJIAN DAN KOMITMEN (lanjutan) Nama Proyek / Project Name PEMB. APARTEMEN THE OASIS AREA R1 PEMB. RUMAH BUDAYA INDONESIA TIMOR LESTE GRAHA SAWANGAN JALAN TOL SOKER SEKDI 2A GED ASRAMA UIN MALANG PLTMG 100 MW PEAKER GORONTALO PENINGKATAN JLN KABUPATEN BULUNGAN DESIGN & BUILD AIRCRAFT GSE SOETA CONVENTION CENTER NUNUKAN JEMBATAN KELINJAU II PEKERJAAN KONSTRUKSI SIPIL PAKET CC-3 PROYEK INDARUNG VI

49.

Nilai Kontrak / Contract Value 147,591,000,000

AGREEMENT AND COMMITMENTS (continued) Pemberi Kerja / Bowheer


PT Nusantara Prospekindo Sukses

01-Sep-14

31-Dec-15

KEMENDIKBUD

06-Mar-15

31-Dec-15

43,691,904,771 81,986,370,909 43,499,272,728 428,904,857,504

Lembaga Sandi Negara PU Bina Marga Jateng UIN Malang PT PLN (Persero)

19-Aug-15 10-Jun-15 04-Jun-15 30-Jun-15

31-Dec-15 31-Dec-15 31-Dec-15 30-Dec-15

199,281,277,273

Dinas PU Kabupaten Bulungan

07-Oct-13

25-Dec-15

302,301,818,182

PT Angkasa Pura II (Persero)

30-Mar-15

24-Dec-15

65,729,725,454 70,758,009,091 135,000,000,000

Dinas PU Kabupaten Nunukan Dinas PU Kutai Timur PT Semen Padang

03-Feb-14 15-Sep-14 28-Jan-15

24-Dec-15 24-Dec-15 24-Dec-15

KUTAI KARTANEGARA COAL 101,760,000,000 TERMINAL 93,466,232,451 PEMB.TRANSMART BALIKPAPAN APARTEMEN SUNGKONO 84,000,000,000 SURABAYA 131,317,961,818 RSUP SUMSEL THP 3 GEDUNG BARU UNPAD IDB JATINANGOR 269,929,810,000 PEMBANGUNAN GEDUNG 159,245,289,091 FASILITAS PRODUKSI VAKSIN DAN PENGEMASAN 60,500,000,000 ALILA VILLA, MUSEUM & SPA BINTAN 286,250,000,000 IAIN AMPEL SURABAYA 277,891,818,182 APARTEMEN VIDA VIEW 205,220,000,000 APARTEMEN CIPUTRA SURABAYA 125,700,000,000 CANDILAND SEMARANG 85,090,909,090 PLAZA ASIA SUMEDANG 158,000,000,000 STRUKTUR SUDIRMAN ONE 345,000,000,000 IZZARA APARTEMEN GTU 500,000,000,000 LPG BANYUWANGI PEMB INTERCHANGE CIKANDE 133,568,662,727 BANTEN 110,994,886,364 HOTEL SALAK

PT Asiatic Universal Indonesia

17-Dec-12

17-Dec-15

PT Trans Ritel Properti PT PP Properti Tbk

16-Dec-14 10-Nov-14

15-Dec-15 12-Dec-15

Dinas Kesehatan Prov Sumsel Universitas Padjajaran PT Bio Farma (Persero)

25-Jun-15 17-Oct-14 17-Oct-14

21-Dec-15 11-Dec-15 11-Dec-15

PT Bintan Cipta Cemerlang IAIN Sunan Ampel Surabaya PT Sinar Galesong PratamaPT Win Win Realty Centre PT Megatama Putra PT Asia Tritunggal Jaya PT Pancakarya Griyatama PT Grage Trimitra Usaha PT Misi Mulia Petronusa DPU Kabupaten Serang

08-Dec-14 10-Oct-14 11-Oct-13 01-Apr-13 13-May-14 09-May-14 01-Nov-13 01-Oct-13 16-Dec-13 17-Apr-14

07-Dec-15 05-Dec-15 30-Nov-15 30-Nov-15 04-Nov-15 31-Oct-15 30-Oct-15 25-Oct-15 16-Oct-15 09-Oct-15

PT Hotel Properti Internasional

14-Apr-14

30-Sep-15

76,618,181,818

189







49.




PEK.KONSTRUKSI SIPIL PAKET CC4 INDARUNG VI-PADANG PEK STRUKTUR LANDMARK RESIDENCE IRIGASI LEMPUING ICB 12 PAKET 20

135,200,000,000

PT Semen Padang

28-Nov-14

24-Sep-15

217,727,272,727

PT Cahaya Bandung Jaya

27-May-14

19-Sep-15

30-Jul-12

15-Sep-15

PEMB. CHF 5 MTPA MUARA BENGALUN PASAR SENTRAL GADANG RS MARINA PERMATA SUPERMALL PAKUWON SURABAYA BANGKANAI SKYLINE APARTEMEN INTERMARK TANGERANG RS PRATAMA JOGJAKARTA

112,136,300,000

Dirjen SDA Wilayah Sungai Sumatera VIII PT Baradinamika Mudasukses

01-Oct-14

31-Aug-15

01-Jul-14 06-Nov-14 10-Jun-13 08-Oct-13 01-Nov-13 15-Jun-13

25-Aug-15 18-Aug-15 02-Aug-15 02-Aug-15 01-Aug-15 14-Jul-15

14-Jul-14

13-Jul-15

PLTG SARULLA

251,954,973,959

01-Jul-13

30-Jun-15

JL LIQUICA MOTA ANGIN TIMOR LESTE GUDANG AMONIUM NITRAT

127,480,892,850

PT Patra Berkah Itqoni PT Erina Citra Gemilang PT Pakuwon Jati Tbk PT PLN (Persero) PT Adhiloka Shobat Sewita KSO Merdeka Media Group & Ronov Indonesia Rs Pratama Hyundai Engineering & Constr. Co., Ltd Kementerian Infrastruktur Timor Leste

28-Aug-12

30-Jun-15

53,410,069,431

PT Pelabuhan Penajam Banua Taka

31-Jan-14

30-Jun-15

APRON BANDARA SULTAN THAHA

99,965,454,545


30-Dec-13

23-Jun-15

THE PINNACLE SEMARANG PEMB. HOTEL GRAHA SENGGIGI LOMBOK HOTEL CIREBON

200,000,000,000

PT Graha Masindo Pratama

27-Mar-14

20-Jun-15

105,057,700,000

PT Graha Senggigi

21-Oct-14

18-Jun-15

96,044,574,245

PT Cirebon Hotel & Convention

28-Nov-12

14-Jun-15

GATEWAY PASTEUR THP 2

173,730,272,727

PT Prasetya Agung Cipta Abadi

11-Jun-14

11-Jun-15

ICONIC OFFICE TOWER

124,000,000,000

PT Duta Indah Iconic Yayasan Perguruan Tinggi Kristen Maranatha PT Anugrah Duta Mandiri

10-Apr-14

03-Jun-15

23-Dec-13

31-May-15

12-Nov-12

31-May-15

PT Graha Satu Tiga Tujuh

22-Oct-13

31-May-15

65,966,653,936

186,363,636,363 63,181,818,182 271,307,749,900 460,379,000,000 118,313,636,364 153,733,251,080 57,710,000,000

85,318,181,819

UNIVERSITAS MARANATHA KEMANG VIEW APARTEMENT

122,717,210,252

W/R SEMARANG APARTEMEN

95,272,727,273

CONDOTEL DE VASA SURABAYA

124,454,987,854

PT Tanrise Indonesia

15-Jul-13

31-May-15

EDUCITY RESIDENCES SURABAYA

445,300,000,000

PT Pakuwon Jati, Tbk

14-Mar-12

31-May-15

JALAN TOL CIKAMPEK - PALIMANAN

581,083,664,612

KG-NRC CONSORSIUM

01-May-13

30-May-15

TUNJUNGAN PLAZA 4 SURABAYA PESANGGRAHAN BALI

156,309,090,909


16-Feb-13

17-May-15

497,196,579,376

PT Indonesia Power

30-Dec-13

14-May-15

89,562,727,272

PT Griya Telaga Mas

30-Apr-14

30-Apr-15

&

BATAKAN HEIGHT RESIDENCE

5

190






(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 49. PERJANJIAN DAN KOMITMEN (lanjutan) Nama Proyek / Project Name HOTEL PARK INN BY RADDISON MAKASAR HOTEL CLIFF AVU STRUKTUR

49.




72,727,272,727

PT Catur Jaya

20-Mar-14

30-Apr-15

45,774,775,667

PT Bukit Nusa Harapan

17-Feb-14

19-Apr-15

CIKARANG CENTRAL CITY BLOK DEF

115,680,041,068

PT Mutiara Mitra Sejahtera

01-Oct-13

31-Mar-15

TRIVIUM TERAS APARTEMEN

183,149,561,460

PT Waska Sentana

15-Aug-13

31-Mar-15

GATEWAY PASTEUR APARTMENT

203,652,841,818


11-Jul-13

31-Mar-15

HOTEL AVANI BALI

51,454,545,455

PT Danau Winata Indah

30-Jun-14

28-Mar-15

KULTER TAHAP 3 POLINEMA

38,099,090,909

Politeknik Negeri Malang

12-Sep-14

19-Mar-15

SMELTER

89,700,000,000

PT Bintang Smelter Indonesia

30-Jun-14

12-Mar-15

PT Menara Perkasa Margahayuland

06-Mar-13

28-Feb-15

Yayasan Manunggal Slawi

02-Jun-14

28-Feb-15

02-Sep-13

24-Feb-15

54,546,000,000

PT Inpola Meka Energi PT Berkat Anugerah Sejahtera Mandiri

01-Sep-14

06-Feb-15

THE KENANGA

257,420,920,175

SEKOLAH SLB SLAWI

11,241,724,043

PLTM LAU GUNUNG

100,673,224,506

PEMB. CILEGON GREEN MALL

50,000,000,000

PT Graha Kencana Abadi

12-May-14

06-Feb-15

BOSOWA SEMEN LINE 2 - MAROS

152,211,000,000

PT Semen Bosowa Maros

27-Jun-13

31-Jan-15

MIMIKA SPORT COMPLEX

255,000,000,000

PT Freeport Indonesia

07-Oct-13

31-Jan-15

HOTEL AMMI MEDAN

124,253,636,363

PT Lintas Insana Wisewa

07-Mar-14

30-Jan-15

31,139,090,909

PT Graha Yasa Selaras

25-Feb-13

30-Jan-15

PT Mandiri Cipta Gemilang

10-Sep-12

08-Jan-15

KAMPUS WILMAR MEDAN

HOTEL NEO MAKASSAR SAINT MORIS AMBASADOR

402,858,826,414

3. Kasus Hukum a Perseroan mengajukan eksekusi atas putusan . Mahkamah Agung ("MA") dan Badan Arbitrase Nasional indonesia ("BANI"), dimana posisi terakhir adalah Putusan PK oleh MA tanggal 31 Desember 2012 menolak permohonan PK dan PP akan melaksanakan eksekusi atas putusan BANI yang memenangkan Perseroan sebesar Rp1.750.000.000. Posisi Terakhir Ada permintaan dari BNI untuk mengajak Perseroan sebagai kreditur-kreditur lainnya (KL) untuk ajukan Pailit. BNI akan beritahu nilai hutang PT PIP & aset PT PIP yang dijaminkan di BNI.

3 .

191

Law Case a. The Company filed a petition for execution of the Supreme Court (MA) and Indonesian Arbitration (BANI) judgment, where the MA and BANI in their ruling dated 31 December 2012 rejected the case review and the ruling is in favour of the Company. Therefore the Company will excecute the ruling worth IDR1,750,000,000. Last Position There is a request from BNI to invite the Company as other creditors (KL) to ask Bankrupt. BNI will tell the value of debt PT PIP and assets pledged in BNI.




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 49. PERJANJIAN DAN KOMITMEN (lanjutan) 3. Kasus Hukum b Perseroan dan PT Wijaya Karya (Persero) Tbk, PT . Adhi Karya (Persero) Tbk, PT Hutama Karya (Persero), PT Paula Jaya bersama Gubernur Kaltim dan Walikota Samarinda sebagai tergugat dalam gugatan PT.Nuansa Cipta Realtindo (NCR) dengan nomor perkara No.304/pdt.G/2013/PN JakartaTimur tertanggal 30 Juli 2013. NCR menilai tergugat melakukan perbuatan melanggar hukum karena Gubernur dan Walikota mengalihkan perjanjian kontrak proyek Bandara Samarinda Baru (BSB) ke Perseroan dan kawan-kawan, pada saat yang sama masih terkait kontrak dengan NCR. Pada tanggal 26 September 2013 dilaksanakan sidang mediasi. Posisi terakhir, mediasi gagal dan Perseroan mengajukan bukti-bukti tertulis tanggal 14 Mei 2014. Pada tanggal 8 Januari 2015 telah dibacakan putusan yaitu menolak gugatan penggugat untuk keseluruhan.

49. 3 .

c Perseroan dan PLN/PLTA Peusangan-NAD . mendapatkan somasi dari warga Arul Kumer-NAD dengan nomor somasi No.8/Adv-OTP/III/2013 tertanggal 11 Maret 2013. Warga meminta ganti rugi tanah, tanaman dan ternak sebesar kurang lebih Rp.4.764.000.000,- dengan menolak uang kompensasi sebesar Rp.25.000.000,-/warga. Perseroan sedang menunggu hasil permintaan pendapat hukum dari PLN, apakah PLN bisa memberikan ganti rugi. Dan hasil opini hukum dari Kejari Aceh : Untuk ganti rugi debu Perseroan sdh bayar 4 dari 7 KK, dengan nilai 70 juta dari 113 juta, sedangkan untuk longsor sedang diadakan pengukuran oleh pihak BPN/PU untk mengetahui luas area yang terkena longsor.

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) AGREEMENT AND COMMITMENTS (continued) Law Case b. The Company and PT Wijaya Karya (Persero) Tbk, PT Adhi Karya (Persero) Tbk, PT Hutama Karya (Persero), PT Paula Jaya with the Governor of East Kalimantan and the Mayor of Samarinda a co-defendant in a lawsuit submitted by PT.Nuansa Cipta Realtindo (NCR)with the case number No.304/pdt.G/2013/PN Jak.Tim dated 30 July 2013. NCR assess defedant committing unlawful because they are turned the project contract BSB to the Company dan friends, at the same time still relevant contract with NCR. At the date of 26 September 2013 mediation session conducte.The last position, mediation failed and Company written evidence submitted by 14 May 2014. On 8 January 2015 has been read out the verdict that rejected the plaintiff's claim to the whole .

c. The Company and PLN/PLTA Peusangan-NAD getting a subpoena from residents Arul Kumer-NAD with numbers No.8/Adv-OTP/III/2013 dated 11 March 2013. The residents asked for compensation of land, crops and livestock approximately Rp.4.764.000.000 by refusing to cash compensation of Rp.25.000.000 per resident. The Company is waiting for the results of the legal opinion request from the PLN, whether PLN may provide compensation. And the results of the legal opinion of Kejari Aceh: To redress dust sdh Company paid 4 of 7 families, with a value of 70 million out of 113 million, while for the landslide is being held by the BPN measurement / PU remedy to know the area affected by landslides.

192




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 49. PERJANJIAN DAN KOMITMEN (lanjutan) 3. Kasus Hukum (lanjutan) d Perseroan menggugat Wong Jong Kheng dan . tergugat lainnya dengan nomor perkara No.448/Pdt.G/2012/PN.BKS tertanggal 11 Desember 2012 dalam gugatan perbuatan melawan hukum pembelian tanah seluas 34.120 m2, Pekayon Jaya, Bekasi. Sidang 1 tanggal 23 Januari 2013 ditunda karena tergugat tidak hadir, sidang 2 tanggal 20 Februari 2013 dengan agenda mediasi (tidak tercapai mediasi), dan sidang tanggal 13 Nopember 2013 dengan putusan: 1) Wong Jong Kheng harus membayar ganti rugi ke PP senilai Rp18,3 M, 2) Wong Jong Kheng harus membayar ke PP : PBB Rp291 juta, 3) Menolak tuntutan PP selainnya. Posisi terakhir PP menyatakan banding tanggal 26 Nopember 2013. Pada tanggal 24 November 2014 Perseroan menerima Relaas memori kasasi. Pada tanggal 19 Maret 2015 Perseroan telah mengirimkan kontra memori kasasi, dan pada tanggal 28 Agustus 2015 putusan MA menolak permohonan kasasi Wong 50. INFORMASI PENTING LAINNYA

49. 3 .

50.

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) AGREEMENT AND COMMITMENTS (continued) Law Case (continued) d. The Company sued Kheng Wong Jong and other defendants with the case number No.448/Pdt.G/2012/PN.BKS dated 11 December 2012 in a lawsuit against the law for the land area of 34.120 m2, Pekayon Jaya, Bekasi. Session 1 dated 23 January 2013 was postponed because the defendant is not present, the Session 2 dated 20 February 2013 with the mediation agenda (not reached mediation), and the hearing on 13 November 2013 with a decision: 1) Wong Jong Kheng had to pay compensation to PP worth Rp18, 3 M, 2) Wong Jong Kheng must pay to PP: PBB Rp291 million, 3) Reject PP demand in others. The final position of PP an appeal on 26 November 2013. On 24 November 2014 the Company received a Relaas cassation . On 19 March 2015 the Company has sent a counter against the cassation , and on 28 August 2015 decision of the Supreme Court rejected the appeal Wong Jong Kheng .

OTHER IMPORTANT INFORMATION

Berita Acara RUPS-T PT PP (Persero) Tbk. No.24 yang dibuat oleh M.Nova Faisal, SH., M.Kn di Jakarta, tanggal 21 Mei 2015 memuat keputusan tentang :

The minutes of Shareholder General Meeting of PT PP (Persero) Tbk. No.24 were made by M.Nova Faisal, SH., M.Kn of Jakarta, dated 21 May 2015, approved the matters as follows :

1. Persetujuan Laporan Keuangan Tahunan Perseroan tahun buku 2014 yang telah diaudit oleh KAP Soejatna, Mulyana & Rekan sesuai dengan Laporan Nomor:022/SMR/LAI-PP/II/2015 tanggal 20 Pebruari 2015, dan Laporan Tugas Pengawasan Dewan Komisaris Perseroan Tahun Buku 2014.

1. Approval of annual report for the year ended 31 December 2014 audited by Public Accountant Soejatna, Mulyana & Rekan, report Number :022/SMR/LAI-PP/II/2015 dated 20 February 2015, and Control Report of Board Of Commisioner.

2. Persetujuan dan Pengesahan Laporan Kemitraan dan Bina Lingkungan untuk tahun buku yang berakhir 31 Desember 2014 yang diaudit oleh KAP Soejatna, Mulyana & Rekan sesuai dengan Laporan Nomor:022/SMR/LAI-PKBL-PP/II/2015 tanggal 20 Pebruari 2015.

2. Approval and Legalization of Partnership and Environment Development Programs Report year ended 31 December 2014 audited by Public Accountant Soejatna, Mulyana & Rekan, report number:022/SMR/LAI-PKBL-PP/II/2015 dated 20 February 2015.

3. Penetapan penggunaan Laba Bersih Perseroan untuk tahun buku yang berakhir 31 Desember 2014.

3. Appropriation of net profit of the Company for the year ended 31 December 2014.

193




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 50. INFORMASI PENTING LAINNYA (lanjutan)

50.

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) OTHER IMPORTANT INFORMATION (continued)

4. Penetapan tantiem tahun 2014, gaji dan honorarium berikut fasilitas serta tunjangan lainnya untuk anggota Direksi dan Dewan Komisaris tahun 2015.

4. The management bonus for the year 2014, salaries and remuneration of members of the Board of Directors and the Board of Commissioners for the year 2015.

5. Penunjukkan Kantor Akuntan Publik untuk mengaudit Laporan Keuangan Perseroan, PKBL tahun buku 2015.

5. Appointment of public accountant for the audit of the Company's financial statements and partnership and community development programs report for the year 2015.

51. PERISTIWA SETELAH TANGGAL PELAPORAN

51.

Tidak ada kejadian penting setelah tanggal posisi keuangan. 52. KONDISI EKONOMI

There are no significant events after the date of the financial position. 52.

Kegiatan Perusahaan dipengaruhi oleh kondisi ekonomi di Indonesia di masa datang yang dapat berdampak pada ketidakstabilan nilai mata uang dan tingkat bunga, begitu juga dengan penurunan harga saham yang dapat mempengaruhi pertumbuhan ekonomi. Perbaikan dan pemulihan ekonomi tergantung pada beberapa faktor lainnya yang merupakan suatu tindakan yang berada di luar kontrol perusahaan. Laporan keuangan ini mencakup dampak kondisi ekonomi sepanjang hal tersebut dapat ditentukan dan diperkirakan. 53. MANAJEMEN RISIKO KEUANGAN

EVENTS AFTER THE REPORTING PERIOD

ECONOMIC CONDITION The Company's activities are affected by the future economic condition in Indonesia that could lead to unstable value of currency and interest rate, and decrease of economic growth. Economic Improvement and recovery depend on several factors such as monetary and fiscal policies of the goverment and other factors, which are beyond control of the Company. The financial statements encompass the effect of economic condition as long as it can be determined and estimated.

53.

FINANCIAL RISK MANAGEMENT

Perusahaan memandang bahwa risiko merupakan bagian yang tidak terpisahkan dari operasional usaha. Seiring bahwa keberhasilan usaha juga ditentukan oleh efektivitas pengelolaan risiko, Perusahaan terus berupaya untuk meningkatkan kemampuan manajemen Risiko melalui pendekatan yang proaktif dan terencana.

The company perceives that risk is by nature an indivisible part of business operation. Realizing that business success is also determined on the effectivity of risk management, therefore we continually strive to improve our risk management capability through proactive and systematic approach.

Perusahaan telah mengidentifikasi risiko keuangan utama yang dihadapi Perusahaan adalah sebagai berikut:

The Company identified the main financial risk facing the Company are as follows:

1. Risiko Kredit Keterlambatan pembayaran, tidak membayar sebagian atau seluruh hasil kerja proyek dari pemilik proyek akan dapat berpengaruh negatif terhadap perputaran modal kerja Perusahaan.

1 Credit Risk . Late payment, do not pay part or all of the work of the project the project owner will be able to negatively affect the Company's working capital turnover.

194






(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 53. MANAJEMEN RISIKO KEUANGAN (lanjutan)

53.

1. Risiko Kredit (Lanjutan)

1 Credit Risk (continued) . This causes changes in the allocation of funding to some projects that are being and will run as well as the limitations of operating cash flow for capital expenditure needs in the short term.

Hal ini menyebabkan perubahan alokasi pendanaan pada beberapa proyek yang sedang dan akan berjalan serta keterbatasan arus kas operasional untuk kebutuhan pembelanjaan modal dalam jangka pendek. Berikut ini adalah ikhtisar umur aset keuangan yang belum jatuh tempo atau tidak mengalami penurunan nilai dan yang lewat jatuh tempo pada akhir periode pelaporan tetap tidak mengalami penurunan nilai:

1,315,045,742,246 161,200,000,000 3,013,920,413,461 1,258,195,475,266 2,397,379,073

Belum Jatuh Tempo/ Tidak mengalami Penurunan Nilai / Not Due/ No Impairment in Value Kas dan Setara Kas Investasi Jangka Pendek Piutang Usaha Piutang Retensi Piutang Lain-lain

The following is the summary of financial assets not due or no impairment in value and over due and at the end of the reporting period remain no impairment in value:

31 Maret / March 2016 Jatuh Tempo, Tetapi Tidak mengalami Penurunan Nilai / Over Due/No Impairment in Value


FINANCIAL RISK MANAGEMENT (continued)

532,608,937,452 -

31 Desember / December 2015 Jatuh Tempo, Tetapi Tidak mengalami Penurunan Nilai / Over Due/No Impairment in Value

3,025,394,461,065 276,900,000,000 2,156,418,210,274 1,180,476,980,060 4,674,342,518

770,952,013,666 -

195

Jumlah / Total

1,315,045,742,246 Cash and Cash Equivalents 161,200,000,000 Short Term Investments 3,546,529,350,913 Trade Receivable 1,258,195,475,266 Retention Receivable 2,397,379,073 Other Receivables

Jumlah / Total





(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 53. MANAJEMEN RISIKO KEUANGAN (lanjutan) 2. Risiko Nilai Tukar Mata Uang Asing Sebagian besar kewajiban dalam mata uang Rupiah, karena itu Perusahaan tidak terekspos secara signifikan.

53. 2 .

Perusahaan mulai menggunakan bahan baku impor serta mengerjakan dan akan terus mengembangkan proyek yang berlokasi di luar negeri, sehingga Perusahaan akan menanggung risiko perubahan nilai tukar valuta asing. 3. Risiko Tingkat Suku Bunga Perusahaan tidak terekspose secara signifikan terhadap risiko tingkat suku bunga pinjaman, namun demikian Perusahaan tetap melakukan monitoring secara ketat terhadap kemungkinan terjadinya perubahan suku bunga pinjaman. 4. Risiko Kenaikan Harga Dan Ketersediaan Bahan Baku. Dalam pembuatan Rencana Anggaran Biaya untuk suatu proyek, estimasi biaya mengacu kepada informasi dari pemasok dan juga proyek sejenis yang pernah ditangani.

Risiko likuiditas merupakan risiko Perusahaan tidak dapat memenuhi liabilitasnya pada saat jatuh tempo.

FINANCIAL RISK MANAGEMENT (continued) Foreign Exchange Risk Most of the liabilities denominated in yen, so the Company is not exposed significantly. The company began using imported raw materials as well as working on and will continue to develop projects that are located overseas, so the company will bear the risk of changes in foreign exchange.

3 .

Interest Rate Risk

4 .

The Price Increase Risk And Availability of Materials.

Hal ini tidak menjamin bahwa estimasi tersebut tepat. Risiko kenaikan harga bahan baku akan mempengaruhi peningkatan beban pokok penjualan yang jika tidak diimbangi efisiensi maka dapat berakibat secara negatif pada laba kotor Perusahaan. 5. Risiko Likuiditas


The Company is not significantly exposed to interest rate risks of loans, the Company nevertheless remained closely monitoring the possibility of changes in interest rates.

In the Budget Plan for the project, estimated costs refer to the information from suppliers as well as similar projects ever handled. This does not guarantee that the estimate is correct. The risk of raw material price increases will affect the increase in cost of goods sold which if not offset the efficiency it could result in a negative way on the Company's gross profit.

5 .

196

Liquidity Risk Liquidity risk is the risk when the Company unable to meet liabilities as the due falls.






(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 53. MANAJEMEN RISIKO KEUANGAN (lanjutan)

53.

5. Risiko Likuiditas (lanjutan) Perusahaan memonitor secara ketat arus kas masuk dan arus kas keluar untuk memastikan tersedianya dana untuk memenuhi kebutuhan pembayaran liabilitas yang jatuh tempo.

5 .

Berikut ini adalah ikhtisar umur liabilitas keuangan berdasarkan pembayaran kontraktual yang tidak didiskontokan:

FINANCIAL RISK MANAGEMENT (continued) Liquidity Risk (continued) The company closely monitors cash inflows and outflows to ensure the availability of funds to meet the needs of a liability payments are due. The following is aging summary of financial liabilities based on undiscounted contractual payments:

31 Maret / March 2016 <= 1 tahun / year Utang Bank Jangka Pendek Utang Non Bank Utang Usaha

> 1 tahun / year

1,495,162,820,169

Jumlah / Total -

1,495,162,820,169

Short Term Bank Loans

678,484,103,585

-

678,484,103,585

153,449,804,167

6,414,848,557,147

6,568,298,361,314

Non Bank Loans Trade Payables

-

630,000,000,000

630,000,000,000

Medium Term Note

700,258,490,270

870,012,691,384

1,570,271,181,654

Advance from Project

Surat Berharga Jangka Menengah Uang Muka Pemberi Kerja dan Konsumen Utang Sewa Guna Usaha

Owners and Consumers 8,221,012,051

25,831,545,955

34,052,558,006

Leasing Payable

72,466,890,337

-

72,466,890,337

Other Short Term Liabilities

Utang Jangka Panjang

-

382,708,253,675

382,708,253,675

Long Term Liabilities

Utang Obligasi

-

998,777,033,262

998,777,033,262

Bonds Payable Principle

Utang Jangka Panjang Lainnya

-

201,586,003,217

201,586,003,217

Other Long Term Liabilities

Utang Jangka Pendek Lainnya

31 Desember / December 2015 <= 1 tahun / year

> 1 tahun / year

Jumlah / Total

1,256,343,039,581

-

1,256,343,039,581


401,594,722,960

-

401,594,722,960

7,797,518,943,968

90,272,675,826

7,887,791,619,794


-

330,000,000,000

330,000,000,000

Medium Term Note

697,645,031,616

911,779,722,569

1,609,424,754,185


Utang Sewa Guna Usaha

14,492,096,002

25,831,545,955

40,323,641,957

Leasing Payable

Utang Jangka Pendek Lainnya Utang Jangka Panjang

68,096,467,462

-

68,096,467,462


106,954,129,392

Utang Bank Jangka Pendek Utang Non Bank Utang Usaha Surat Berharga Jangka Menengah Uang Muka Pemberi Kerja dan Konsumen

Owners and Consumers

584,449,224,022

691,403,353,414


Utang Obligasi

-

998,635,662,420

998,635,662,420



-

44,515,997,292

44,515,997,292


197




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 54. TANGGUNG JAWAB MANAJEMEN ATAS LAPORAN KEUANGAN

54.

Manajemen Perseroan bertanggung jawab atas penyusunan Laporan Keuangan yang diselesaikan pada tanggal 27 April 2016. 55. INFORMASI TAMBAHAN

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) RESPONSIBILITY OF THE MANAGEMENT The Management is responsible for preparing the financial statements which was completed on 27 April 2016.

55.

Informasi keuangan PT PP (Persero), Tbk (induk perusahaan saja) menyajikan investasi Perseroan pada entitas anak berdasarkan metode biaya, dan bukan menggunakan metode ekuitas atau metode konsolidasi.

ADDITIONAL INFORMATION Financial information PT PP (Persero), Tbk (parent company only) presents the Company's investment in subsidiaries under the cost method, and not using the equity method or consolidation method.

198




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 4. KAS DAN SETARA KAS


Kas Rupiah Bank Pihak Ketiga Rupiah PT Bank DBS Indonesia PT Bank Bukopin Tbk PT HSBC PT Bank DKI PT Bank CIMB Niaga Tbk PT Bank Central Asia Tbk PT Bank Permata Tbk PT Bank Danamon Tbk Indonesia Exim Bank (IEB) PT UOB PT BPD Kaltim PT Bank Of Tokyo PT BPD Jatim Tbk BPR Surya Artha Utama PT Bank ICBC PT BJB Banten Tbk PT Bank Mega Tbk PT Bank BII Tbk PT Bank OCBC NISP Tbk PT Commonwealth PT Bank Bumi Putera Tbk PT BPD Sumsel Babel USD PT Bank DBS Indonesia PT HSBC PT Bank Of Tokyo EURO PT HSBC JPY PT Bank Of Tokyo Sub Jumlah

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) CASH AND CASH EQUIVALENTS


3,543,548,531

3,879,574,004

54,132,656,647 23,320,910,204 13,643,853,080 11,069,259,051 10,742,577,233 8,304,780,485 2,177,392,507 822,498,877 790,801,443 688,439,187 508,493,456 452,919,222 265,506,724 118,117,462 102,420,000 102,291,103 63,572,174 52,276,379 40,964,254 14,594,458 11,000,829 8,676,601

5,001,733,261 12,882,622,267 212,238,209 17,446,856,839 76,331,438,350 12,308,811,473 2,980,472,953 748,342,855 2,875,472,656 768,670,693 6,181,378,675 22,172,222 13,231,255,807 117,528,387 29,248,822,782 164,495,781 52,504,261 40,697,702 14,521,882 11,093,926 508,502,525

5,643,651,762 1,991,370,129 3,545,754

7,480,167,830 2,069,237,860 5,105,530

1,206,679,863

40,651,923,784

5,831,944

5,669,511

136,285,080,828

231,361,738,021

45

Cash on Hand Rupiah Cash in Banks Third Parties Rupiah PT Bank DBS Indonesia PT Bank Bukopin Tbk PT HSBC PT Bank DKI PT Bank CIMB Niaga Tbk PT Bank Central Asia Tbk PT Bank Permata Tbk PT Bank Danamon Tbk Indonesia Exim Bank (IEB) PT UOB PT BPD Kaltim PT Bank Of Tokyo PT BPD Jatim Tbk BPR Surya Artha Utama PT Bank ICBC PT BJB Banten Tbk PT Bank Mega Tbk PT Bank BII Tbk PT Bank OCBC NISP Tbk PT Commonwealth PT Bank Bumi Putera Tbk PT BPD Sumsel Babel USD PT Bank DBS Indonesia PT HSBC PT Bank Of Tokyo UERO PT HSBC JPY PT Bank Of Tokyo Sub Total






Pihak Berelasi Rupiah PT Bank Mandiri (Persero) Tbk PT Bank BTN (Persero) Tbk PT Bank Syariah Mandiri PT Bank BRI (Persero) Tbk PT Bank BNI (Persero) Tbk USD PT Bank Mandiri (Persero) Tbk PT Bank BNI (Persero) Tbk EURO PT Bank Mandiri (Persero) Tbk SGD PT Bank Mandiri (Persero) Tbk Sub Jumlah Jumlah Bank Deposito Berjangka Pihak Ketiga Rupiah PT Bank Permata Tbk PT Bank DBS Indonesia PT Bank CIMB Niaga Tbk PT Bank Bukopin Tbk PT Bank DKI PT BJB Banten Tbk USD PT Bank Permata Tbk Sub Jumlah

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) CASH AND CASH EQUIVALENTS (continued)


452,481,176,142 23,619,133,555 20,794,754,600 11,816,645,433 8,196,475,082

615,994,838,512 29,162,153,029 4,423,950,065 60,930,085,981 12,536,916,454

Related Parties Rupiah PT Bank Mandiri (Persero) Tbk PT Bank BTN (Persero) Tbk PT Bank Syariah Mandiri PT Bank BRI (Persero) Tbk PT Bank BNI (Persero) Tbk

91,887,494,504 2,238,725,640

175,492,858,123 179,598,760

48,116,349,039

141,660,510,231

USD PT Bank Mandiri (Persero) Tbk PT Bank BNI (Persero) Tbk UERO PT Bank Mandiri (Persero) Tbk

27,753,480,399

9,592,799,666

SGD PT Bank Mandiri (Persero) Tbk

686,904,234,394 823,189,315,222

1,049,973,710,821 1,281,335,448,842

Sub Total Total Cash in Banks

16,600,000,000 100,000,000 53,000,000,000 20,000,000,000 20,000,000,000

Time Deposits Third Parties Rupiah PT Bank Permata Tbk PT Bank DBS Indonesia PT Bank CIMB Niaga Tbk PT Bank Bukopin Tbk PT Bank DKI PT BJB Banten Tbk

21,854,050,158 16,600,000,000 100,000,000 -

22,670,609,884

USD PT Bank Permata Tbk

38,554,050,158

132,370,609,884

Sub Total

46






Pihak Berelasi Rupiah PT Bank Mandiri (Persero) Tbk PT Bank BTN (Persero) Tbk PT Bank BRI (Persero) Tbk PT Bank BNI (Persero) Tbk PT Bank Syariah Mandiri

Sub Jumlah Jumlah Deposito Berjangka Kas dan Setara Kas

-

-

449,758,828,335 488,312,878,493 1,315,045,742,246

1,607,808,828,335 1,740,179,438,219 3,025,394,461,065

Tingkat Bunga Deposito Berjangka per Tahun Rupiah Bagi hasil (Nisbah Syariah)

USD PT Bank Mandiri (Persero) Tbk Sub Total Total Time Deposits Cash and Cash Equivalents

The following is the breakdown of cash and cash equivalents in foreign currencies:


Jangka Waktu Deposito Berjangka Rupiah

Related Parties Rupiah PT Bank Mandiri (Persero) Tbk PT Bank BTN (Persero) Tbk PT Bank BRI (Persero) Tbk PT Bank BNI (Persero) Tbk PT Bank Syariah Mandiri

321,258,828,335 706,000,000,000 231,500,000,000 135,000,000,000 214,050,000,000

Rincian kas dan setara kas dalam mata uang asing :

USD JPY SGD EURO

CASH AND CASH EQUIVALENTS (continued) 31 Desember / December 2015

221,258,828,335 125,000,000,000 50,000,000,000 50,000,000,000 3,500,000,000




7,665,320 49,347 2,823,320 3,281,690

15,070,502 49,505 983,757 12,097,967

7-30 hari/days

USD JPY SGD EURO

7-30 hari/days

0,75% - 8,00% Nisbah 68-89%

Rupiah Time Deposits Period Annual Interest Rate of Rupiah Time Deposits

1,00% - 9,00% Nisbah 68-89%

(Lihat Catatan No.3a, 3d, 3e, 3f dan 46)

Profit Sharing (Syariah) (See Notes No. 3a, 3d, 3e, 3f and 46)

5. INVESTASI JANGKA PENDEK


SHORT TERM INVESTMENTS 31 Desember / December 2015

Deposito Berjangka

161,200,000,000

276,900,000,000

Time Deposits

Jumlah Investasi Jangka Pendek

161,200,000,000

276,900,000,000

Total Short Term Investment

47






Deposito Berjangka Pihak Ketiga PT Bank DKI PT Bank Bukopin Tbk PT Bank Mega PT BPD Jatim PT Bank CIMB Niaga Tbk Sub Jumlah Pihak Berelasi PT Bank BTN PT Bank Mandiri (Persero) Tbk PT Bank BRI (Persero) Tbk Sub Jumlah Jumlah Deposito Berjangka

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) SHORT TERM INVESTMENTS (continued)


30,000,000,000 7,500,000,000 4,000,000,000 41,500,000,000

35,000,000,000 7,500,000,000 10,000,000,000 52,500,000,000

Time Deposits Third Parties PT Bank DKI PT Bank Bukopin Tbk PT Bank Mega PT BPD Jatim PT Bank CIMB Niaga Tbk Sub Total

89,500,000,000 15,200,000,000 15,000,000,000

192,200,000,000 15,200,000,000 17,000,000,000

Related Parties PT Bank BTN PT Bank Mandiri (Persero) Tbk PT Bank BRI (Persero) Tbk

119,700,000,000 161,200,000,000

224,400,000,000 276,900,000,000

Sub Total Total Time Deposits

Deposito pada PT Bank DKI dijadikan sebagai agunan atas pinjaman yang diterima dari PT Bank DKI.

Time deposits PT Bank DKI were guaranteed for the loan obtained from PT Bank DKI.

Deposito pada PT Bank Bukopin Tbk dijadikan sebagai agunan atas pinjaman yang diterima dari PT Bank Bukopin Tbk.

Time deposits PT Bank Bukopin Tbk are pledge as collateral to loan from PT Bank Bukopin Tbk.

Deposito pada PT Bank Rakyat Indonesia (Persero) Tbk dijadikan sebagai agunan atas pinjaman yang diterima dari PT Bank Rakyat Indonesia (Persero) Tbk.

Time deposits PT Bank Rakyat Indonesia (Persero) Tbk are pledged as collateral to loan from PT Bank Rakyat Indonesia (Persero) Tbk.

Deposito pada PT BPD Jatim merupakan deposito di entitas anak yang dijadikan sebagai agunan atas pelaksanaan proyek RSUD dr. Soetomo.

Time deposits PT BPD Jatim owned by subsidiaries, are pledged as collateral to its project, RSUD dr. Soetomo.

Deposito pada PT Bank Mandiri (Persero) Tbk dijadikan sebagai agunan atas pinjaman yang diterima dari PT Bank Mandiri (Persero) Tbk.

Time Deposits in PT Bank Mandiri (Persero) Tbk are pledged as collateral to loan from PT Bank Mandiri (Persero), Tbk.

Deposito pada PT Bank BTN (Persero) Tbk merupakan deposito di entitas anak yang dijadikan sebagai agunan atas pelaksanaan proyek Paramount Skyline.

Time deposits PT Bank BTN (Persero) Tbk owned by subsidiaries, are pledged as collateral to its project, Paramount Skyline.

48





5.

Seluruh investasi jangka pendek berupa deposito berjangka adalah dalam mata uang rupiah, dengan jangka waktu, tingkat suku bunga dan bagi hasil sebagai berikut :

Jangka Waktu Deposito Berjangka Rupiah Tingkat Bunga Deposito Berjangka per Tahun Rupiah

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) SHORT TERM INVESTMENTS (continued) All short term investments are in Rupiah, with term and interest rate as follows:



1 - 2 Bulan / Month

1 - 2 Bulan / Month

Rupiah Time Deposits Period

4,25% - 9,25%

Annual Interest Rate of Rupiah Time Deposits

4,25% - 9,25%

(Lihat Catatan No.3l dan 46)

(See Notes No. 3l and 46)

6. PIUTANG USAHA

6.

Merupakan saldo piutang usaha per 31 Maret 2016 dan 2015 dengan perincian sebagai berikut: a. Berdasarkan Pelanggan:

Represent balance of trade receivables as of 31 March 2016 and 2015, consist of : a.

31 Maret / March 2016 Pihak Ketiga Piutang Usaha Jasa Konstruksi, Properti, Realti & Entitas Anak Piutang Usaha Ventura Bersama Dikurangi: Penurunan Nilai Wajar Piutang Sub Jumlah

TRADE RECEIVABLES

Based on Costumers: 31 Desember / December 2015

2,844,197,948,274

2,240,109,861,628

457,901,197,410

432,366,685,769

(165,411,965,157)

(161,984,468,256)

Trade receivables of Joint Venture Less : Impairment of Receivable

3,136,687,180,527

2,510,492,079,141

Sub Total

Pihak Berelasi Piutang Usaha Jasa Konstruksi, Properti, Realti & Entitas Anak Piutang Usaha Ventura Bersama Sub Jumlah Jumlah Piutang Usaha - Bersih

Third Parties Construction, Property & Real Estate Trade Receivables & Subsidiary

Related Parties 320,410,281,409

324,968,284,638

Construction, Property & Real Estate Trade Receivables & Subsidiary

89,431,888,977

91,909,860,161


409,842,170,386 3,546,529,350,913

416,878,144,799 2,927,370,223,940

Sub Total Total Trade Receivables - Net

49





6.

b. Berdasarkan Jenis Usaha:

TRADE RECEIVABLES (continued) b. Based on Type of Business:

31 Maret / March 2016 Piutang Usaha Jasa Konstruksi Piutang Usaha Jasa EPC Piutang Usaha Properti & Realti



1,298,308,942,482 213,832,907,800 1,615,240,364,392

1,151,238,791,748 236,079,988,591 1,136,407,179,877

17,512,648,024 19,713,366,985

15,870,355,669 25,481,830,381

Construction Trade Receivables Trade Receivables of EPC Property & Real Estate Trade Receivables Precast Trade Receivables Equipment Receivables

3,164,608,229,683

2,565,078,146,266

Sub Total

Dikurangi: Penurunan Nilai Wajar Piutang

(165,411,965,157)

(161,984,468,256)

Less : Impairment of Receivable

Piutang Usaha Ventura Bersama

547,333,086,387

524,276,545,930



3,546,529,350,913

2,927,370,223,940


Piutang Usaha Pracetak Piutang Usaha Peralatan Sub Jumlah

Seluruh penurunan nilai wajar piutang berasal dari piutang usaha jasa konstruksi.

The entire impairment of receivables are from construction business.

Jumlah piutang usaha berdasarkan jenis mata uang adalah sebagai berikut :

Total trade receivables based on type of currencies:




3,660,545,385,398 51,395,930,672

3,081,179,336,357 8,175,355,839

Rupiah Foreign Currencies


3,711,941,316,070

3,089,354,692,196

(165,411,965,157)

(161,984,468,256)



3,546,529,350,913

2,927,370,223,940


50





6.

Jumlah piutang usaha berdasarkan umur (tidak termasuk piutang usaha Ventura Bersama) adalah sebagai berikut:

TRADE RECEIVABLES (continued) Total trade receivables based on aging (exclusive of trade receivables from Joint Venture):

31 Maret / March 2016 > 1 bulan - 12 bulan - Belum Jatuh Tempo - Sudah Jatuh Tempo > 12 s/d 15 bulan - Sudah Jatuh Tempo > 15 s/d 18 bulan - Sudah Jatuh Tempo > 18 s/d 21 bulan - Sudah Jatuh Tempo > 21 s/d 24 bulan - Sudah Jatuh Tempo > 24 s/d 27 bulan - Sudah Jatuh Tempo > 27 s/d 30 bulan - Sudah Jatuh Tempo > 30 s/d 33 bulan - Sudah Jatuh Tempo > 33 s/d 36 bulan - Sudah Jatuh Tempo


31 Desember / December 2015 1 month - 12 months - not due due 12 months - 15 months due 15 months - 18 months due 18 months - 21 months due 21 months - 24 months due 24 months - 27 months due 27 months - 30 months due 30 months - 33 months due 33 months - 36 months due

2,805,621,455,731 208,298,957,730

2,156,418,210,274 202,418,537,671

133,999,524,392

119,072,534,039

7,687,058,556

44,768,000,578

2,643,030,769

24,564,194,747

6,358,202,505

17,836,668,957

-

-

-

-

-

-

-

-


3,164,608,229,683

2,565,078,146,266

(165,411,965,157)

(161,984,468,256)



2,999,196,264,526

2,403,093,678,010


Mutasi Penurunan Nilai Wajar Piutang Usaha adalah sebagai berikut: 31 Maret / March 2016

Movements in impairment of account receivable 31 Desember / December 2015

Saldo awal periode Penurunan Nilai Wajar tahun berjalan Penghapusan tahun berjalan Pemulihan tahun berjalan

161,984,468,256 3,863,080,227 (435,583,326)

129,579,252,512 40,442,530,511 (8,037,314,767)

Balance at beginning of period Impairment for current year Write Off for the current year Recovery for the current year

Saldo Akhir Periode

165,411,965,157

161,984,468,256

Balance at end of period

51





6.


Manajemen berkeyakinan bahwa penurunan nilai wajar piutang cukup untuk menutup kemungkinan tidak tertagihnya piutang usaha di kemudian hari.

The management believes that allowance for impairment of receivable is adequate to cover possible loss from uncollectible receivables in the future.

Rincian Piutang Usaha berdasarkan pelanggan :

Breakdown of trade receivables based on consumers:

31 Maret / March 2016 Pihak Ketiga PT Tribuana Jaya Raya PT Petrokimia Gresik Dinas PU Kabupaten Bulungan PT Galuh Citarum PT Grage Trimitra Usaha PT Kalla Inti Karsa PT Menara Perkasa Margahayuland PT Kitita Alami Propetindo PT Kuala Jaya Realty PT Duta Anggada Realty Tbk PT Cahaya Baru Raya Realty PT Pancakarya Griyatama PT Graha Sarana Duta PT Satria Pusaka Permata Perkasa PT Radinka Quatro Land PT Sepoetih Daya Prima PT Sutera Agung Properti PT Asiana Lintas Ciptakemang PT Abadi Gowa Perkasa PT Citicon Propertindo PT Semen Padang PT Misi Mulia Petronusa Kementerian Infrastruktur Timor Leste PT Multi Karya Utama Abadi PT Samator Land PT Mandiri Cipta Gemilang PT Nusantara Prospekindo Sukses PT Vidi Mandiri PT Cahaya Sumber Raya PT Pahala Agung PT Freeport Indonesia Dipindahkan


47,015,630,090 42,082,125,885 41,280,952,613 39,100,658,738 38,563,718,150 38,500,481,744 36,900,840,007 35,720,168,697 35,707,884,485 31,968,625,919 31,368,324,201 27,797,780,908 26,854,132,858 21,892,192,768 20,312,213,400 20,026,895,419 19,955,658,954 19,630,880,013 19,559,823,785 18,552,512,000 16,472,276,840 16,407,272,727 16,398,120,726 16,189,964,824 15,946,802,240 15,479,163,711 15,395,375,765 14,810,033,281 14,370,038,001 14,193,946,272 14,053,658,444 782,508,153,465

17,136,486,249 18,868,369,520 28,336,394,897 40,369,440,283 26,808,096,868 44,212,149,031 35,720,168,697 26,015,491,778 6,634,878,073 26,229,148,349 43,080,117,304 18,397,253,658 10,136,178,120 21,163,973,673 20,026,895,419 14,767,814,851 19,630,880,013 19,559,823,785 11,523,980,000 8,554,340,103 16,407,272,727 21,839,912,920 8,475,031,782 13,004,099,440 15,581,002,939 17,214,336,876 14,810,033,281 15,420,038,001 11,765,740,800 14,746,614,465 606,435,963,902

52

Third Parties PT Tribuana Jaya Raya PT Petrokimia Gresik Dinas PU Kabupaten Bulungan PT Galuh Citarum PT Grage Trimitra Usaha PT Kalla Inti Karsa PT Menara Perkasa Margahayuland PT Kitita Alami Propetindo PT Kuala Jaya Realty PT Duta Anggada Realty Tbk PT Cahaya Baru Raya Realty PT Pancakarya Griyatama PT Graha Sarana Duta PT Satria Pusaka Permata Perkasa PT Radinka Quatro Land PT Sepoetih Daya Prima PT Sutera Agung Properti PT Asiana Lintas Ciptakemang PT Abadi Gowa Perkasa PT Citicon Propertindo PT Semen Padang PT Misi Mulia Petronusa Kementerian Infrastruktur Timor Leste PT Multi Karya Utama Abadi PT Samator Land PT Mandiri Cipta Gemilang PT Nusantara Prospekindo Sukses PT Vidi Mandiri PT Cahaya Sumber Raya PT Pahala Agung PT Freeport Indonesia Carried Forward






Pindahan PT Duta Senawijaya Mandiri PT Tosan Permai Lestari Kementrian PUPR, Dirjen Bina Marga, Satker PJN Metropolitan Jakarta PT Sinar Galesong Pratama-PT Ciputra Victory Mitra.JO PT GE Operation Indonesia PT Panghegar Putra Wijaya Dinas Kesehatan Provinsi Pekanbaru PT Energi Prima Nusantara PT Tritunggal Lestari Makmur Dinas PU Hyundai Engineering & Construction Co., Ltd PT Mahardika Agung Lestari PT Kebayoran Puspita PT Bumi Daya Makmur PT Trimitra Propertindo PT Pakuwon Permai PT Sarana Meditama Anugerah PT Megatama Putra PT Graha Multi Insani PT Warna Warni Investama PT Patra Berkah Itqoni PT Pakuwon Jati Tbk PT Naribatama Abete PT Korea World Trade Centre Kementrian PU dan Perumahan PT Greenland Garden Realty PT Graha Utama Development KSO Merdeka Media Group & Ronov Indonesia Ny. Yeni Wijaya PT Hotel Properti Internasional PT Cahaya Bandung Jaya PT Bimasakti Jaya Abadi PT Mutiara Mitra Sejahtera PT Trans Ritel Properti Dipindahkan



782,508,153,465 13,863,885,117 13,828,467,608 13,177,707,824

606,435,963,902 16,179,414,150 13,828,467,608 -

Brought Forward PT Duta Senawijaya Mandiri PT Tosan Permai Lestari Kementrian PUPR, Dirjen Bina Marga, Satker PJN Metropolitan Jakarta

12,457,181,381

-

12,321,984,995 11,626,351,306 11,547,992,500 10,632,562,133 10,562,929,197 10,033,854,547 9,801,762,098

11,626,351,306 10,562,929,197 3,516,203,774

9,776,419,327 9,574,731,408 9,413,260,282 8,779,300,019 8,667,486,488 8,602,968,024 7,934,215,106 7,439,730,527 6,947,076,383 6,651,360,171 6,634,345,188 6,527,327,126 6,113,529,418 5,950,050,756 5,894,158,401 5,826,919,885 5,236,708,964

2,057,071,745 16,112,421,009 9,413,260,282 6,619,617,940 7,323,552,647 7,439,730,527 6,651,360,171 2,425,032,177 6,564,586,441 6,113,529,418 6,501,282,851 3,677,470,940 5,236,708,964

4,853,289,501 4,761,012,307 4,567,654,998 4,372,294,040 4,117,545,308 4,097,433,898 1,065,101,649,696

1,588,234,251 4,537,228,024 16,478,032,318 3,489,944,989 5,157,166,597 8,970,147,309 788,505,708,537

PT Sinar Galesong Pratama-PT Ciputra Victory Mitra.JO PT GE Operation Indonesia PT Panghegar Putra Wijaya Dinas Kesehatan Provinsi Pekanbaru PT Energi Prima Nusantara PT Tritunggal Lestari Makmur Dinas PU Hyundai Engineering & Construction Co., Ltd PT Mahardika Agung Lestari PT Kebayoran Puspita PT Bumi Daya Makmur PT Trimitra Propertindo PT Pakuwon Permai PT Sarana Meditama Anugerah PT Megatama Putra PT Graha Multi Insani PT Warna Warni Investama PT Patra Berkah Itqoni PT Pakuwon Jati Tbk PT Naribatama Abete PT Korea World Trade Centre Kementrian PU dan Perumahan Rakyat PT Greenland Garden Realty PT Graha Utama Development KSO Merdeka Media Group & Ronov Indonesia Ny. Yeni Wijaya PT Hotel Properti Internasional PT Cahaya Bandung Jaya PT Bimasakti Jaya Abadi PT Mutiara Mitra Sejahtera PT Trans Ritel Properti Carried Forward

53






Pindahan PT Asiatic Universal Indonesia PT Prima Bintaro Royale PT Prioritas Land Indonesia PT Lintas Insana Wisesa PT Mitra Wijaya Wisesa PT Teras Nirwana Bali PT Duta Indah Iconic PT Tiran Makasar PT Paramount Propertindo PT Dialog Grage Cirebon PT Sejahtera Alam Energy PT Aruna Kirana Gala Megah Investment JO PT Graha Kencana Abadi PT Bumi Anugrah Sakti PT Grand Shayla Indonesia Universitas Syarifhidayatullah Jakarta PT Pandega Citraniaga PT Siloam Karya Sejahtera PT Artas Energi Petrogas PT Win Win Realty Centre PT Trans Marga Jateng PT Illia Persada PT Sari Indah Lestari PT Bukit Nusa Harapan PT Karya Graha Nusantara PT Danau Winata Indah PT Supreme Energy Muara Labuh PT Lapindo Brantas Inc PT Anugrah Duta Mandiri PT Sun Resort PT Bintan Cipta Cemerlang PT Marindo Surya PT Prasetya Agung Cipta Abadi PT Oceania Development PT Citra Raya Medika Dipindahkan



1,065,101,649,696 4,062,535,039 4,035,022,252 3,977,687,663 3,949,448,700 3,923,725,465 3,818,887,771 3,688,449,055 3,677,057,772 3,608,805,137 3,607,528,804 3,530,702,120 3,356,749,974 3,300,495,581 3,269,366,238 3,252,606,684 3,164,419,103 3,059,100,000 3,010,659,538 2,921,956,645 2,891,650,096 2,779,829,659 2,590,764,464 2,578,891,851 2,453,621,296 2,445,829,515 1,997,730,458 1,957,220,280 1,945,829,383 1,915,432,321 1,909,182,165 1,905,183,636 1,841,858,138 1,837,500,000 1,836,860,519 1,738,206,456 1,553,471,268 1,168,495,914,742

788,505,708,537 4,062,535,039 3,996,348,796 5,573,033,902 3,949,448,700 3,703,350,803 3,818,887,771 5,645,638,784 3,677,057,772 3,608,805,137 3,607,528,804 3,356,749,974 3,300,495,581 3,092,700,156 3,252,606,684 3,164,419,103 3,059,100,000 3,010,659,538 2,921,956,645 3,180,815,107 22,679,401,875 2,748,477,736 2,453,621,296 2,336,297,108 1,997,730,458 10,923,095,000 1,945,829,383 1,915,432,321 1,909,182,165 1,841,858,138 1,837,500,000 12,801,039,765 1,944,110,425 1,553,471,268 927,374,893,771 54

Brought Forward PT Asiatic Universal Indonesia PT Prima Bintaro Royale PT Prioritas Land Indonesia PT Lintas Insana Wisesa PT Mitra Wijaya Wisesa PT Teras Nirwana Bali PT Duta Indah Iconic PT Tiran Makasar PT Paramount Propertindo PT Dialog Grage Cirebon PT Sejahtera Alam Energy PT Aruna Kirana Gala Megah Investment JO PT Graha Kencana Abadi PT Bumi Anugrah Sakti PT Grand Shayla Indonesia Universitas Syarifhidayatullah Jakarta PT Pandega Citraniaga PT Siloam Karya Sejahtera PT Artas Energi Petrogas PT Win Win Realty Centre PT Trans Marga Jateng PT Illia Persada PT Sari Indah Lestari PT Bukit Nusa Harapan PT Karya Graha Nusantara PT Danau Winata Indah PT Supreme Energy Muara Labuh PT Lapindo Brantas Inc PT Anugrah Duta Mandiri PT Sun Resort PT Bintan Cipta Cemerlang PT Marindo Surya PT Prasetya Agung Cipta Abadi PT Oceania Development PT Citra Raya Medika Carried Forward








Pindahan PT Adaro Indonesia PT Adaro Persada Mandiri PT Catur Jaya PT Semen Bosowa Maros Dinas Bina Marga & Pengairan Pemkot Samarinda PT Asia Tritunggal Jaya PT Bintang Smelter Indonesia PT Graha Senggigi PT Adhiloka Shobat Sewita PT Sekar Atha Sentosa PT Putra Adi Prima PT Multi Kreasi Cipta Sarana PT Merpati Abadi Sejahtera KG-NRC CONSORSIUM Dinas PU Babel PT Duta Bhakti PT Sun Property Abadi PT Duta Wahana Kerawang PT Prasto Propertindo Piutang Properti dan Realti Piutang Pasar Piutang - GSN Piutang - Peralatan Piutang - Pracetak Lain-lain di bawah Rp 1 Milyar

1,168,495,914,742 1,279,864,734 1,259,450,000 1,245,660,911 1,155,980,465 -

927,374,893,771 1,279,864,734 1,259,450,000 1,655,980,465 9,350,953,388

1,579,842,620,675 30,788,244,989 4,609,498,728 19,713,366,985 17,512,648,024 18,294,698,021

6,685,930,029 5,739,963,771 5,258,696,093 5,052,770,580 4,031,671,110 3,717,551,926 1,829,423,873 1,385,821,074 1,321,623,779 1,213,818,564 1,208,273,747 1,073,703,536 1,036,750,000 1,021,146,942 1,168,202,965,616 30,818,088,913 4,382,735,791 25,481,830,381 15,870,355,669 13,855,597,876

Brought Forward PT Adaro Indonesia PT Adaro Persada Mandiri PT Catur Jaya PT Semen Bosowa Maros Dinas Bina Marga & Pengairan Pemkot Samarinda PT Asia Tritunggal Jaya PT Bintang Smelter Indonesia PT Graha Senggigi PT Adhiloka Shobat Sewita PT Sekar Atha Sentosa PT Putra Adi Prima PT Multi Kreasi Cipta Sarana PT Merpati Abadi Sejahtera KG-NRC CONSORSIUM Dinas PU Babel PT Duta Bhakti PT Sun Property Abadi PT Duta Wahana Kerawang PT Prasto Propertindo Receivable-Property and Realty Receivable-Market Receivable-GSN Receivable-Equipment Receivable-Precast Other of less than 1 Billions

Sub Jumlah

2,844,197,948,274

2,240,109,861,628

Sub Total

Piutang Usaha - GSN:

Trade receivable - GSN, consist of: 31 Maret / March 2016


Piutang Tenant Pasar Tradisional Piutang Sewa - Unit Mall Piutang Service Charge

2,398,541,420 1,970,888,155 240,069,153

2,407,716,550 1,693,018,841 282,000,400

Tenant receivables Traditional Market

Jumlah Piutang Usaha - GSN

4,609,498,728

4,382,735,791

Total Trade Receivable - GSN

55

Lease receivables - Units Mall Receivable - Service Charge






Piutang KSO KSO Paladian Park KSO Grand Soho KSO Stadion Utama Riau KSO Jl Kenyam-Mugi Papua KSO PLTA Peusangan KSO Karebe KSO Stadion Jember KSO RRDP Apas Simanggaris KSO Fakultas Teknik UNHAS KSO Mediterania KSO Jalan Bojonegoro - Padangan KSO Bandara Samarinda Baru KSO Stadion Cibinong KSO UNAIR KSO Jembatan Kembar Samarinda KSO Vaksin Bio Farma KSO Gedung Kementerian PU KSO Fakultas Teknik UNHAS Pkt 3 KSO DAM Karebe KSO Tol Antasari Depok KSO Bendung Randangan Pohuwato KSO Cisangkuy KSO LNG Tangguh KSO Jalan Soker KSO Soker Loan China KSO Fly Over Medan Jamin Ginting KSO Jalan Sanga Sanga KSO Jl Tambak Mulyo Mawar KSO BIJB Paket 2 Kertajati KSO Jl Tol Solo Kertosono Seksi 4 KSO Merapi SABO DAM Pkt.2 KSO RSUD Waled Cirebon KSO Bangkalan - Socah KSO Revitalisasi Pasar Medan KSO Islamic Center Inhill Dipindahkan



116,415,003,879 62,970,454,748 43,097,610,774 38,910,858,667 30,506,706,255 12,966,446,948 12,525,618,089 12,270,381,132 10,062,918,215 6,852,997,275 6,584,892,270 6,264,528,045 5,971,263,636 5,565,327,981 9,840,861,153 4,855,144,687 4,742,367,585 4,368,907,179 4,231,109,114 4,050,778,992 4,033,990,112

117,100,689,463 62,893,177,728 43,097,610,774 38,910,858,667 28,831,206,317 12,966,446,948 12,525,618,089 10,062,918,215 6,852,997,275 6,609,369,034 6,264,528,045 5,971,263,636 5,565,327,981 5,340,861,153 4,855,144,687 4,742,367,585 4,395,055,179 4,231,109,114 4,008,507,622 3,497,183,190

3,753,348,322 3,682,597,781 3,309,457,490 3,114,621,240 3,040,316,505 2,897,840,202 2,959,329,243 2,326,329,138 1,769,341,987 1,841,502,706 1,819,352,110 1,803,224,051 1,567,010,595 1,488,565,934 442,461,004,040

3,682,597,781 3,591,284,464 2,428,558,470 3,040,316,505 2,897,840,202 2,501,247,646 2,094,788,729 1,841,502,706 1,819,352,110 1,803,224,051 1,567,010,595 1,488,565,934 417,478,529,895

56

JO Receivable JO Paladian Park JO Grand Soho JO Stadion Utama Riau JO Jl Kenyam-Mugi Papua JO PLTA Peusangan JO Karebe JO Stadion Jember JO RRDP Apas Simanggaris JO Fakultas Teknik UNHAS JO Mediterania JO Jalan Bojonegoro Padangan JO Bandara Samarinda Baru JO Stadion Cibinong JO UNAIR JO Jembatan Kembar JO Vaksin Samarinda Bio Farma JO Gedung Kementerian PU JO Fakultas Teknik UNHAS Pkt JO DAM Karebe3 JO Tol Antasari Depok JO Bendung Randangan Pohuwato JO Cisangkuy JO LNG Tangguh JO Jalan Soker JO Soker Loan China JO Fly Over Medan Jamin JO Jalan SangaGinting Sanga JO Jl Tambak Mulyo Mawar JO BIJB Paket 2 Kertajati JO Jl Tol Solo Kertosono Seksi JO Merapi SABO DAM Pkt.24 JO RSUD Waled Cirebon JO Bangkalan - Socah JO Revitalisasi Pasar Medan JO Islamic Center Inhill Carried Forward








Pindahan KSO Bandara Kuala Namu KSO Jl KA Makasar Pare-Pare KSO Tol Balikpapan Samarinda KSO Stadion Banjar KSO Jalan Batang KSO RSUD Koja KSO Sungai Madiun Lain-lain di bawah Rp 1 Milyar

442,461,004,040 1,450,000,005 1,450,622,064 1,361,320,040 1,293,981,207 1,287,249,883 1,052,180,346 1,021,944,863 6,522,894,962

417,478,529,895 1,450,000,005 1,449,950,064 1,293,981,207 1,287,249,883 1,675,211,709 1,021,944,863 6,709,818,143

Brought Forward JO Bandara Kuala Namu JO Jl KA Makasar Pare-Pare JO Tol Balikpapan Samarinda JO Stadion Banjar JO Jalan Batang JO RSUD Koja JO Sungai Madiun Other of less than 1 Billions

Sub Jumlah

457,901,197,410

432,366,685,769-

Sub Total

3,302,099,145,684

2,672,476,547,397


74,088,791,217 61,378,616,219 44,336,899,900 38,092,193,542 19,954,252,502 19,535,948,598 17,485,207,899 15,785,824,983 8,355,944,022 5,610,454,818 4,981,235,911 2,996,816,907 1,980,001,988 1,772,802,000 1,523,774,191 1,440,261,786 1,091,254,926 -

84,918,134,238 89,602,684,773 38,092,193,542 19,535,948,598 38,464,212,576 11,453,569,439 5,610,454,818 4,981,235,911 2,996,816,907 13,040,264,053 1,772,802,000 1,523,774,191 3,127,956,043 1,091,254,926 8,466,716,210 290,266,413

Related Parties PT Krakatau Daya Listrik PT Prima Multi Terminal PT PLN (Persero) PT KAI (Persero) PT Pelindo III (Persero) PT Muba Daya Pratama PT Angkasa Pura II (Persero) PT Pekanbaru Permai Propertindo PT Pelindo IV (Persero) Kementerian Keuangan RI PT Bank Mandiri (Persero) Tbk PT Dahana (Persero) PT Jasa Marga (Persero) Tbk PT Krakatau Bandar Samudera PT Taspen (Persero) PT Indonesia Power PT Pelindo II (Persero) PT Bukit Asam (Persero) Other of less than 1 Billions

320,410,281,409

324,968,284,638

Sub Total

Sub Jumlah Pihak Ketiga Pihak Berelasi PT Krakatau Daya Listrik PT Prima Multi Terminal PT PLN (Persero) PT KAI (Persero) PT Pelindo III (Persero) PT Muba Daya Pratama PT Angkasa Pura II (Persero) PT Pekanbaru Permai Propertindo PT Pelindo IV (Persero) Kementerian Keuangan RI PT Bank Mandiri (Persero) Tbk PT Dahana (Persero) PT Jasa Marga (Persero) Tbk PT Krakatau Bandar Samudera PT Taspen (Persero) PT Indonesia Power PT Pelindo II (Persero) PT Bukit Asam (Persero) Lain-lain di bawah Rp 1 Milyar Sub Jumlah

57








Piutang KSO

JO Receivable

KSO Irigasi Jabung KSO Jembatan Siak Thp.IV KSO Jatigede DAM KSO The Group Epicentrum KSO Kali Madiun Thp 2 KSO Pumping Station KSO Kali Lamong KSO Irigasi Sungai Ular KSO Bandara Sepinggan KSO DAS Solo Hulu KSO Irigasi Batanghari ICB KSO Louwi Goong Lain-lain di bawah Rp 1 Milyar

16,288,168,147 15,159,931,996 14,771,209,830 10,785,130,124 8,915,578,886 6,978,543,990 5,163,725,537 3,949,260,499 2,027,633,172 2,007,934,626 1,511,685,637 1,873,086,533

16,245,180,852 15,159,931,996 14,771,209,830 10,785,130,124 8,915,578,886 7,926,488,834 5,163,725,537 3,949,260,499 2,027,633,172 2,007,934,626 1,511,685,637 1,923,494,158 1,522,606,010

JO Irigasi Jabung JO Jembatan Siak Thp.IV JO Jatigede DAM JO The Group Epicentrum JO Kali Madiun Thp 2 JO Pumping Station JO Kali Lamong JO Irigasi Sungai Ular JO Bandara Sepinggan JO DAS Solo Hulu JO Irigasi Batanghari ICB JO Louwi Goong

Sub Jumlah

89,431,888,977

91,909,860,161

Sub Total

409,842,170,386

416,878,144,799


Jumlah Piutang Usaha Dikurangi: Penurunan Nilai Wajar Piutang

3,711,941,316,070

3,089,354,692,196

(165,411,965,157)

(161,984,468,256)

Total Trade Receivables Less : Impairment of Receivable


3,546,529,350,913

2,927,370,223,940



Per 31 Maret 2016 dan 31 Desember 2015, piutang usaha masing - masing sebesar Rp3.674.468.904.126,- dan Rp2.949.912.595.423,- telah dijaminkan atas pinjaman Bank dan lembaga keuangan lainnya (lihat Catatan No.21 dan 22).

As of 31 March and 31 December 2015, trade receivables amounting to IDR3,674,468,904,126 and IDR2,949,912,595,423 respectively, were secured as collateral upon bank and other non bank financial institution loans (see Notes No.21 and 22).

Jumlah piutang usaha mencukupi untuk memenuhi persyaratan penjaminan piutang usaha atas fasilitas pinjaman yang diterima perusahaan.

The total amount of trade receivables satisfies provisions of loan facilities granted to the Company.

(Lihat Catatan No.3d, 3e, 3g, 21, 22, dan 46)

(See Notes No.3d, 3e, 3g,21,22, and 46)

58




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 7. PIUTANG RETENSI

7.

Merupakan piutang retensi per 31 Maret 2016 dan 31 Desember 2015 terdiri dari:

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) RETENTION RECEIVABLES Represent balance of retention receivables as of 31 March 2016 and 31 December 2015 consist of :




858,313,810,030 449,735,882,622 1,308,049,692,652

793,666,293,970 436,360,760,611 1,230,027,054,581

(51,500,713,259) 1,646,495,873

(55,186,409,968) 5,636,335,447

Third Parties Related Parties Sub Total Less : Impairment of Receivable Write Off for the current year Recovery for the current year


1,258,195,475,266

1,180,476,980,060


Manajemen berkeyakinan bahwa seluruh piutang retensi akan dapat ditagih.

The management believes that all of the retention receivable are collectable.

Rincian Piutang Retensi berdasarkan pelanggan:

Breakdown of retention receivables based on consumers:

31 Maret / March 2016 Pihak Ketiga PT Pakuwon Jati Tbk Kementerian Infrastruktur Timor Leste Engineering & Construction Hyundai Co., Ltd Cipta Gemilang PT Mandiri PT Trans Marga Jateng PT Misi Mulia Petronusa PT Prasto Propertindo PT Bumi Daya Makmur PT Pancakarya Griyatama KG-NRC Consorsium PT Prasetya Agung Cipta Abadi PT Freeport Indonesia PT Grage Trimitra Usaha Dinas PU Kalimantan Timur PT Duta Anggada Realty Tbk PT Semen Padang PT Donggi Senoro LNG PT Marga Mandala Sakti Dipindahkan


38,801,149,387 31,162,359,735 28,092,568,304 27,548,521,032 26,467,809,117 23,471,878,407 19,904,853,946 17,361,731,346 17,104,079,828 17,029,809,781 16,088,065,772 15,236,706,500 14,296,773,720 13,383,349,309 12,014,860,340 11,773,469,726 11,311,006,416 11,142,375,000 352,191,367,666

42,515,297,154 26,747,580,735 26,203,635,888 27,282,574,573 19,999,649,822 20,756,097,835 19,807,360,743 17,361,731,346 17,104,079,828 30,246,047,573 15,959,505,114 13,495,483,550 12,978,399,135 12,493,327,490 8,300,904,896 5,213,759,684 11,311,006,416 11,142,375,000 338,918,816,782

59

Third Parties PT Pakuwon Jati Tbk Kementerian Infrastruktur Timor Leste Hyundai Engineering & Construction Co., Ltd PT Mandiri Cipta Gemilang PT Trans Marga Jateng PT Misi Mulia Petronusa PT Prasto Propertindo PT Bumi Daya Makmur PT Pancakarya Griyatama KG-NRC Consorsium PT Prasetya Agung Cipta Abadi PT Freeport Indonesia PT Grage Trimitra Usaha Dinas PU Kalimantan Timur PT Duta Anggada Realty Tbk PT Semen Padang PT Donggi Senoro LNG PT Marga Mandala Sakti Carried Forward






Pindahan PT Samator Land PT Menara Perkasa Margahayuland PT Cahaya Bandung Jaya PT Sutera Agung Properti JGC Corporation PT Graha Masindo Pratama PT Galuh Citarum PT Aruna Kirana PT Sekar Atha Sentosa PT Win Win Realty Centre PT Paramount Propertindo PT Waska Sentana PT Graha Sarana Duta Dinas Bina Marga dan Tata Ruang PT Semen Bosowa Maros PT Muara Wisesa Samudra PT Pakuwon Permai PT Tanrise Indonesia PT Nusantara Prospekindo Sukses PT Kalla Inti Karsa PT Kapuk Naga Indah Dinas Kesehatan Provinsi SUMSEL Perguruan Tinggi Kristen Petra Surabaya Dinas PU Kabupaten Nunukan PT Anugrah Duta Mandiri KSO Merdeka Media Group & Ronov Indonesia PT Mutiara Mitra Sejahtera DPU Kabupaten Serang PT Duta Indah Iconic PT Catur Jaya PT Mitra Wijaya Wisesa PT Baradinamika Mudasukses PT Sari Indah Lestari PT Hotel Properti Internasional PT Servo Lintas Raya Dipindahkan



352,191,367,666 10,855,219,838 9,775,577,182 9,545,600,164 9,464,529,795 9,367,467,160 9,262,500,000 9,029,449,454 8,968,517,841 8,840,326,990 8,741,318,408 7,879,896,730 7,879,447,962 7,833,324,986 7,237,142,408 7,137,631,489 6,946,074,582 6,876,205,859 6,830,867,354 6,687,342,399 6,656,031,806 6,594,278,643 6,565,898,089 6,540,302,274

338,918,816,782 10,107,763,088 9,775,577,182 8,692,544,710 7,932,094,590 9,367,467,160 7,912,900,000 9,029,449,454 8,968,517,841 8,550,954,251 8,580,686,883 7,879,896,730 7,879,447,962 7,007,346,986 6,266,596,317 7,137,631,489 6,946,074,582 5,598,366,260 6,830,867,354 5,912,503,900 6,548,934,866 6,565,898,089 5,349,197,728

Brought Forward PT Samator Land PT Menara Perkasa Margahayuland PT Cahaya Bandung Jaya PT Sutera Agung Properti JGC Corporation PT Graha Masindo Pratama PT Galuh Citarum PT Aruna Kirana PT Sekar Atha Sentosa PT Win Win Realty Centre PT Paramount Propertindo PT Waska Sentana PT Graha Sarana Duta Dinas Bina Marga dan Tata Ruang PT Semen Bosowa Maros PT Muara Wisesa Samudra PT Pakuwon Permai PT Tanrise Indonesia PT Nusantara Prospekindo Sukses PT Kalla Inti Karsa PT Kapuk Naga Indah Dinas Kesehatan Provinsi SUMSEL Perguruan Tinggi Kristen Petra - Surabaya

6,359,019,786 6,187,445,029 6,122,387,131

6,187,445,029 6,122,387,131

6,093,479,249 6,004,493,368 5,984,265,163 5,932,035,701 5,889,566,126 5,859,290,353 5,772,783,931 5,712,833,076 5,696,902,189 609,320,820,181

6,093,479,249 6,004,493,368 5,843,203,699 5,661,950,041 5,889,566,126 5,859,290,353 5,772,783,931 5,255,344,013 566,449,477,144

Dinas PU Kabupaten Nunukan PT Anugrah Duta Mandiri KSO Merdeka Media Group & Ronov Indonesia PT Mutiara Mitra Sejahtera DPU Kabupaten Serang PT Duta Indah Iconic PT Catur Jaya PT Mitra Wijaya Wisesa PT Baradinamika Mudasukses PT Sari Indah Lestari PT Hotel Properti Internasional PT Servo Lintas Raya Carried Forward

60






Pindahan JO Ciputra Karya Panca Sakti Nugraha PT Sinar Galesong Pratama-PT Ciputra Victory Mitra.JO PT Metropolitan Land Tbk PT Satria Pusaka Permata Perkasa PT Adhiloka Shobat Sewita PT Bimasakti Jaya Abadi PT Citicon Propertindo PT Trans Ritel Properti PT Kuala Jaya Realty PT Asia Tritunggal Jaya PT Graha Satu Tiga Tujuh PT Grand Shayla Indonesia PT Graha Senggigi PT Perkasa Internusa Mandiri Perguruan Tinggi Kristen Maranatha PT Pahala Agung PT Multi Karya Utama Abadi PT Kebayoran Puspita PT Cassia Resort Investment PT Sepoetih Daya Prima PT Asiana Lintas Ciptakemang PT Fajar Phinisi Seaside PT Erina Citra Gemilang Dinas PU Kutai Timur PT Cirebon Hotel And Convention PT Megatama Putra PT Bumi Anugrah Sakti PT Petrokimia Gresik PT Naribatama Abete PT Centurion Perkasa Iman PT Kunci Utama Sukses Yayasan RS Islam "Harapan Anda" Kementrian PUPR, Dirjen Bina Marga, Satker PJN Metropolitan Dinas PU PT Mahardika Agung Lestari Dipindahkan



609,320,820,181 5,655,113,463 5,652,637,710

566,449,477,144 5,655,113,463 -

5,623,181,817 5,603,665,414 5,578,636,933 5,551,912,786 5,449,270,000 5,199,817,217 5,079,255,448 5,005,775,136 4,916,209,204 4,871,826,732 4,841,930,973 4,677,626,128 4,265,909,093 4,113,952,128 4,113,513,711 4,081,825,455 3,906,691,489 3,845,473,583 3,834,886,858 3,725,142,815 3,542,872,092 3,492,758,454 3,482,237,809 3,439,437,113 3,403,849,823 3,389,843,340 3,242,490,696 3,112,821,639 3,094,160,616 3,066,691,667 2,946,640,891

5,623,181,817 4,070,000,778 5,491,530,408 5,376,605,822 3,935,665,000 4,242,397,443 4,124,765,518 4,828,455,735 4,752,632,354 4,871,826,732 3,633,335,572 3,428,207,372 4,265,909,093 2,875,783,104 3,288,080,000 1,590,221,525 3,845,473,583 3,834,886,858 3,725,142,815 3,375,572,968 3,492,758,454 3,482,237,809 2,598,012,910 3,403,849,823 2,781,424,834 2,521,727,532 3,094,160,616 3,066,691,667 2,197,907,492

2,899,284,920 2,719,585,880 756,747,749,214

1,377,756,307 1,260,017,999 682,560,810,547 61

Brought Forward JO Ciputra Karya Panca Sakti Nugraha PT Sinar Galesong Pratama-PT Ciputra Victory Mitra.JO PT Metropolitan Land Tbk PT Satria Pusaka Permata Perkasa PT Adhiloka Shobat Sewita PT Bimasakti Jaya Abadi PT Citicon Propertindo PT Trans Ritel Properti PT Kuala Jaya Realty PT Asia Tritunggal Jaya PT Graha Satu Tiga Tujuh PT Grand Shayla Indonesia PT Graha Senggigi PT Perkasa Internusa Mandiri Perguruan Tinggi Kristen Maranatha PT Pahala Agung PT Multi Karya Utama Abadi PT Kebayoran Puspita PT Cassia Resort Investment PT Sepoetih Daya Prima PT Asiana Lintas Ciptakemang PT Fajar Phinisi Seaside PT Erina Citra Gemilang Dinas PU Kutai Timur PT Cirebon Hotel And Convention PT Megatama Putra PT Bumi Anugrah Sakti PT Petrokimia Gresik PT Naribatama Abete PT Centurion Perkasa Iman PT Kunci Utama Sukses Yayasan RS Islam "Harapan Anda" Kementrian PUPR, Dirjen Bina Marga, Satker PJN Metropolitan Jakarta Dinas PU PT Mahardika Agung Lestari Carried Forward






Pindahan PT Phinisi Perintis Makassar PT Greenland Garden Realty PT Tribuana Jaya Raya PT Graha Kencana Abadi PT Citra Raya Medika PT Pandega Citraniaga PT Tosan Permai Lestari PT Almaron Perkasa PT Marindo Surya PT Tritunggal Lestari Makmur PT Sarana Meditama Anugerah PT Aneka Sumber Daya Energi PT Graha Utama Development PT Cahaya Sumber Raya TNI / Asisten Logistik Kasad Yeni Wijaya PT Graha Sahari Wangi Dinas Pendidikan Provinsi Kepri PT Akur Pratama PT Sinar Celebes Jaya PT Asfi Ilhami Rayhan Yayasan Universitas Pelita Bangsa PT Artas Energi Petrogas PT Graha Multi Insani Dinas PU SNVT Bengawan solo Dinas Kesehatan Provinsi Pekanbaru PT Tiran Makassar PT Trimitra Propertindo PT Cahaya Baru Raya Realty PT Bukit Nusa Harapan PT Putra Adi Prima PT Triniti Dinamik PT Panghegar Putra Wijaya PT Radinka Quatro Land PT Graha Pena Jawa Pos Surabaya Dipindahkan



756,747,749,214 2,710,617,996 2,666,234,500 2,643,458,205 2,556,616,646 2,519,800,176 2,444,702,257 2,430,401,153 2,366,386,646 2,338,636,364 2,325,514,546 2,288,911,355 2,258,222,449 2,241,678,400 2,196,750,000 2,180,722,722 2,179,151,246 2,135,000,000 2,096,478,144 2,055,755,311 2,007,510,853 2,003,049,770 2,000,000,000 1,976,398,580 1,929,575,838 1,874,487,564 1,802,123,991 1,800,775,625 1,757,194,212 1,677,450,491 1,658,257,725 1,615,919,432 1,566,077,017 1,543,219,475 1,529,451,000 1,510,000,000 829,634,278,902

682,560,810,547 2,710,617,996 1,783,318,637 2,370,362,249 2,519,800,176 2,444,702,257 3,014,740,055 2,347,175,275 2,338,636,364 2,325,514,546 1,034,393,850 2,258,222,449 1,423,674,200 2,196,750,000 2,180,722,722 1,928,583,064 2,135,000,000 2,096,478,144 2,055,755,311 2,007,510,853 2,003,049,769 2,000,000,000 1,976,398,580 1,856,932,723 1,800,775,625 1,402,628,253 1,559,601,838 1,615,919,432 1,543,219,475 1,269,072,000 1,510,000,000 742,270,366,390

62

Brought Forward PT Phinisi Perintis Makassar PT Greenland Garden Realty PT Tribuana Jaya Raya PT Graha Kencana Abadi PT Citra Raya Medika PT Pandega Citraniaga PT Tosan Permai Lestari PT Almaron Perkasa PT Marindo Surya PT Tritunggal Lestari Makmur PT Sarana Meditama Anugerah PT Aneka Sumber Daya Energi PT Graha Utama Development PT Cahaya Sumber Raya TNI / Asisten Logistik Kasad Yeni Wijaya PT Graha Sahari Wangi Dinas Pendidikan Provinsi Kepri PT Akur Pratama PT Sinar Celebes Jaya PT Asfi Ilhami Rayhan Yayasan Universitas Pelita Bangsa PT Artas Energi Petrogas PT Graha Multi Insani Dinas PU SNVT Bengawan solo Dinas Kesehatan Provinsi Pekanbaru PT Tiran Makassar PT Trimitra Propertindo PT Cahaya Baru Raya Realty PT Bukit Nusa Harapan PT Putra Adi Prima PT Triniti Dinamik PT Panghegar Putra Wijaya PT Radinka Quatro Land PT Graha Pena Jawa Pos Surabaya Carried Forward








Pindahan PT Illia Persada PT Graha Yasa Selaras PT Danau Winata Indah PT Prakarsa Semesta Alam PT Duta Senawijaya Mandiri PT Duta Wahana Kerawang PT Puri Persada Lampung Yayasan RS Al Irsyad Yayasan Sanggar Prahtiwi PT Servo Lintas Raya Dinas PU Kab. Nunukan PT Sinar Galesong P-PT Ciputra Victory Mitra.JO PT Bintang Smelter Indonesia PT Duta Bhakti PT Bandung Pakar PT Taman Impian Jaya Ancol Piutang - Peralatan Lain-lain di bawah Rp 1 Milyar

829,634,278,902 1,446,623,281 1,410,750,845 1,379,895,904 1,276,425,819 1,274,380,020 1,266,693,302 1,149,954,545 1,061,018,045 1,059,330,536 -

742,270,366,390 1,201,096,954 1,410,750,845 1,379,895,904 1,276,425,819 1,012,394,703 1,194,193,302 3,749,954,545 1,061,018,045 1,059,330,536 5,655,340,618 5,606,991,301 4,356,674,264

4,885,092,929 12,469,365,902

2,316,898,305 1,415,324,934 1,295,670,967 1,094,047,500 3,884,423,508 12,425,495,530

Brought Forward PT Illia Persada PT Graha Yasa Selaras PT Danau Winata Indah PT Prakarsa Semesta Alam PT Duta Senawijaya Mandiri PT Duta Wahana Kerawang PT Puri Persada Lampung Yayasan RS Al Irsyad Yayasan Sanggar Prahtiwi PT Servo Lintas Raya Dinas PU Kab. Nunukan PT Sinar Galesong P-PT Ciputra Victory Mitra.JO PT Bintang Smelter Indonesia PT Duta Bhakti PT Bandung Pakar PT Taman Impian Jaya Ancol Receivable-Equipment Other Otherofofless lessthan than11Billions Billions


858,313,810,030

793,666,293,970


293,935,344,115 31,445,036,649 25,336,603,618 25,601,601,409 12,542,937,156 8,215,884,369 4,491,914,473 7,420,204,545 5,525,637,144 4,392,144,317 3,629,068,759 3,357,000,000 2,797,136,364 1,301,530,398 1,500,000,000 431,492,043,316

Related Parties PT Pelindo II (Persero) PT PLN (Persero) PT Pembangkitan Jawa Bali PT Angkasa Pura II (Persero) PT Jasa Marga (Persero) Tbk Gala Megah Investment JO PT Prima Multi Terminal PT Hotel Indonesia Natour (Persero) PT Pelindo III (Persero) PT Bio Farma (Persero) PT Pekanbaru Permai Propertindo PT Muba Daya Pratama PT Bank BNI (Persero) Tbk PT Pelindo IV (Persero) PT Bank Mandiri (Persero) Tbk Carried Forward

Pihak Berelasi PT Pelindo II (Persero) PT PLN (Persero) PT Pembangkitan Jawa Bali PT Angkasa Pura II (Persero) PT Jasa Marga (Persero) Tbk Gala Megah Investment JO PT Prima Multi Terminal PT Hotel Indonesia Natour (Persero) PT Pelindo III (Persero) PT Bio Farma (Persero) PT Pekanbaru Permai Propertindo PT Muba Daya Pratama PT Bank BNI (Persero) Tbk PT Pelindo IV (Persero) PT Bank Mandiri (Persero) Tbk Dipindahkan

298,345,382,931 32,671,714,361 25,336,603,618 25,184,515,543 16,085,517,925 8,215,884,369 8,102,421,309 7,420,204,545 6,959,211,098 5,227,265,222 4,517,434,657 3,357,000,000 2,797,136,364 2,188,532,279 1,500,000,000 447,908,824,221 63








Pindahan PT Angkasa Pura I (Persero) PT Angkasa Pura Hotel PT Angkasa Pura I (Persero) Lain-lain di bawah Rp 1 Milyar

447,908,824,221 1,038,000,000 789,058,401

431,492,043,316 2,272,863,875 1,779,278,075 816,575,345

Brought Forward PT Angkasa Pura I (Persero) PT Angkasa Pura Hotel PT Angkasa Pura I (Persero) Other of less than 1 Billions


449,735,882,622

436,360,760,611


Jumlah Piutang Retensi Dikurangi: Penurunan Nilai Wajar Piutang

1,308,049,692,652

1,230,027,054,581

(49,854,217,386)

(49,550,074,521)

Total Retention Receivable Less : Impairment of Receivable


1,258,195,475,266

1,180,476,980,060


(Lihat Catatan No. 3g, 3h dan 45)

(See Notes No. 3g, 3h and 45)

8. TAGIHAN BRUTO KEPADA PEMBERI KERJA

8.

Merupakan tagihan bruto kepada pemberi kerja per 31 Maret 2016 dan 31 Desember 2015 terdiri dari :

UNBILLED RECEIVABLES Represent balance of unbilled receivables as 31 March 2016 and 31 December 2015 consist of :




2,751,658,364,715 1,981,254,474,888 4,732,912,839,603

3,200,275,263,309 1,684,253,548,059 4,884,528,811,368

(138,605,340,573) -

(174,991,064,500) 11,783,585,537

Jumlah Tagihan Bruto Kepada Pemberi Kerja - Bersih

4,594,307,499,030

4,721,321,332,405

64

Third Parties Related Parties Sub Total Less : Impairment of Receivable Write Off for the current year Recovery for the current year Total Unbilled Receivables Net





8.

Uraian sebagai berikut :

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) UNBILLED RECEIVABLES (continued) Descriptions are as follows :



Pendapatan konstruksi yang telah diakui

45,633,653,099,407

43,636,566,302,980

(Beban kontrak kumulatif + Laba yang diakui kumulatif) Dikurangi : Penagihan Termin

(40,900,740,259,804)

(38,752,037,491,612)

Recognized sales (Accumulated contract expenses + recognized accumulated profit) Less : Installment Claim

45,633,653,099,407

4,884,528,811,368

Total Unbilled Receivables

Jumlah Tagihan Bruto Kepada Pemberi Kerja

Rincian Tagihan Bruto Kepada Pemberi Kerja:

Breakdown of unbilled receivables :



Pihak Ketiga PT Semen Padang 156,431,400,646 PT Servo Lintas Raya 147,082,936,857 SNVT PJSA BWS Sulawesi I 141,341,226,238 PT Donggi Senoro LNG 110,960,174,771 PT Petrokimia Gresik 108,673,373,128 PT GE Operation Indonesia 101,939,476,307 PT Tribuana Jaya Raya 96,559,611,215 Kementerian Infrastruktur Timor Leste 93,647,621,085 PT Asiatic Universal Indonesia 86,573,935,363 PT Perkasa Internusa Mandiri 71,885,463,474 JGC Corporation 62,249,620,215 PT Energi Prima Nusantara 57,167,122,589 PT Pakuwon Jati Tbk 51,860,608,228 PT Freeport Indonesia 47,761,448,264 PT Cassia Resort Investment 41,056,860,268 PT Pahala Agung 38,218,034,923 PT Trans Marga Jateng 35,094,732,629 PT Pakuwon Permai 32,773,525,402 Dinas PU Kabupaten Nunukan 31,045,548,815 PT Transmart Propertindo 30,235,393,000 29,987,683,468 Kementrian PU dan Perumahan Rakyat PT Cahaya Bandung Jaya 29,052,707,045 JO Ciputra Karya Panca Sakti Nugraha 28,953,184,145 1,630,551,688,075 Dipindahkan 65

249,940,135,448 137,457,959,472 154,506,996,030 110,960,174,771 151,509,286,200 121,720,307,073 110,464,055,685 86,573,935,363 80,838,038,677 62,249,620,215 70,386,120,444 63,705,706,292 69,624,483,704 54,516,906,936 38,130,415,790 35,875,643,998 35,351,154,990 40,080,602,529 29,500,000,000 30,025,154,350

Third Parties PT Semen Padang PT Servo Lintas Raya SNVT PJSA BWS Sulawesi I PT Donggi Senoro LNG PT Petrokimia Gresik PT GE Operation Indonesia PT Tribuana Jaya Raya Kementerian Infrastruktur Timor Leste PT Asiatic Universal Indonesia PT Perkasa Internusa Mandiri JGC Corporation PT Energi Prima Nusantara PT Pakuwon Jati Tbk PT Freeport Indonesia PT Cassia Resort Investment PT Pahala Agung PT Trans Marga Jateng PT Pakuwon Permai Dinas PU Kabupaten Nunukan PT Transmart Propertindo Kementrian PU dan Perumahan Rakyat

20,625,409,892 28,953,184,145 1,782,995,292,004

PT Cahaya Bandung Jaya JO Ciputra Karya Panca Sakti Nugraha Carried Forward





8.




1,630,551,688,075 Pindahan PT Prasetya Agung Cipta Abadi 28,621,062,582 PT Pancakarya Griyatama 28,597,833,868 PT Greenland Garden Realty 26,529,407,378 Dinas PU DKI Jakarta 26,335,041,775 PT Duta Anggada Realty Tbk 25,927,460,109 25,078,267,903 Dep.Perhubungan, Dirjen Perhubungan, Unit Penyelenggara 24,642,403,563 PT Sinar Galesong P-PT Ciputra Victory Mitra.JO Hyundai Engineering & Construction Co., Ltd 24,426,917,314 Dinas PU SNVT Bengawan solo 23,848,488,589 Dinas PU Kalimantan Timur 23,397,215,103 PT Kalla Inti Karsa 22,486,956,807 PT Win Win Realty Centre 22,468,039,504 KSO Merdeka Media Group & Ronov Indonesia22,380,994,796 PT Sejahtera Alam Energy 21,158,082,470 PT Bimasakti Jaya Abadi 20,628,043,408 19,201,154,855 Kementrian PU dan Perumahan Rakyat, Sumatera Utara PT Graha Senggigi 18,292,929,923 PT Metropolitan Land Tbk 18,034,035,414 18,015,004,526 Pemerintah Provinsi Kalimantan Selatan PT Bumi Megah Graha Asri 17,607,240,548 PT Graha Sarana Duta 17,205,538,143 PT Cirebon Hotel & Convention 17,101,330,865 PT Waska Sentana 16,274,630,422 Universitas Padjajaran 16,025,111,558 PT Sutera Agung Properti 15,311,526,300 PT Kunci Utama Sukses 14,491,734,872 PT Mandiri Cipta Gemilang 14,165,111,186 Dinas PU 14,092,707,281 13,641,533,349 Satker Pelaksanaan Jalan Nasional Prov. Kepri 13,564,990,961 Pusat Radioisotop & Radiofarmaka Batan PT Trimitra Propertindo 13,055,812,350 PT Samator Land 11,932,171,539 2,265,090,467,336 Dipindahkan

1,782,995,292,004 25,519,473,826 28,597,833,868 27,372,872,086 53,681,603,382 42,391,252,708 33,224,026,383 43,307,564,963 23,385,139,354 35,153,522,470 124,827,800,774 25,680,670,008 22,380,994,796 19,319,019,118 24,134,182,676 5,910,786,169 32,490,583,793 18,034,035,414 18,015,004,526 4,196,971,603 31,756,396,143 17,101,330,865 16,274,630,422 18,898,183,405 27,168,019,396 14,491,734,872 16,767,778,551 26,097,158,979 10,000,000,000

66

Brought Forward PT Prasetya Agung Cipta Abadi PT Pancakarya Griyatama PT Greenland Garden Realty Dinas PU DKI Jakarta PT Duta Anggada Realty Tbk Dep.Perhubungan, Dirjen Perhubungan, Unit Penyelenggara Bandar Udara Raden PT Sinar Galesong P-PT Ciputra Victory Mitra.JO Hyundai Engineering & Construction Co., Ltd Dinas PU SNVT Bengawan solo Dinas PU Kalimantan Timur PT Kalla Inti Karsa PT Win Win Realty Centre KSO Merdeka Media Group & Ronov Indonesia PT Sejahtera Alam Energy PT Bimasakti Jaya Abadi Kementrian PU dan Perumahan Rakyat, Sumatera Utara PT Graha Senggigi PT Metropolitan Land Tbk Pemerintah Provinsi Kalimantan Selatan

13,564,990,961

PT Bumi Megah Graha Asri PT Graha Sarana Duta PT Cirebon Hotel & Convention PT Waska Sentana Universitas Padjajaran PT Sutera Agung Properti PT Kunci Utama Sukses PT Mandiri Cipta Gemilang Dinas PU Satker Pelaksanaan Jalan Nasional Prov. Kepri Pusat Radioisotop & Radiofarmaka - Batan

19,117,634,186 16,492,486,539 2,618,348,974,240

PT Trimitra Propertindo PT Samator Land Carried Forward





8.

31 Maret / March 2016 Pindahan Perguruan Tinggi Kristen Petra Surabaya PT Prima Bintaro Royale Kementerian PU & PR Cipta Karya KRIMSUS PT Paramount Propertindo PT Sekar Atha Sentosa PT Prioritas Land Indonesia Dinas PU Provinsi Riau PT Citicon Propertindo PT Mutiara Mitra Sejahtera PT Bintan Cipta Cemerlang PT Raflesia Nusantara PT Citra Raya Medika PT Graha Satu Tiga Tujuh PT Aneka Sumber Daya Energi PT Triniti Dinamik PT Kebayoran Puspita TOA Corporation PT Taman Impian Jaya Ancol PT Illia Persada PT Merpati Abadi Sejahtera PT Nirwana PT Kuala Jaya Realty PT Tritunggal Lestari Makmur PT Catur Jaya PT Trans Ritel Properti PT Centurion Perkasa Iman Kementrian PUPR, Dirjen Bina Marga, Satker PJN Metropolitan PT Cahaya Baru Raya Realty Balai Besar Wilayah Sungai Pemali Juana PT Isa Development Basuki Rahmanta PT Warna Warni Investama PT Griya Cipta Optimal Dipindahkan



2,265,090,467,336 11,901,479,768

2,618,348,974,240 16,188,966,961

Brought Forward Perguruan Tinggi Kristen Petra - Surabaya

11,758,653,168 11,564,234,474

7,424,376,446 15,002,100,000

11,548,761,143 11,444,493,581 11,323,106,649 10,658,825,144 10,248,279,182 9,616,794,668 9,447,615,955 9,336,907,685 9,314,147,875 9,169,316,891 8,501,197,378 8,474,056,964 8,387,330,386 8,328,924,445 8,043,959,548 7,880,568,113 7,838,864,273 7,739,303,201 7,708,345,155 7,314,736,049 6,973,479,494 6,582,602,546 6,576,112,337 6,501,063,585

11,548,761,143 15,447,209,522 6,584,448,121 10,658,825,144 14,294,345,950 9,616,794,668 8,661,191,602 9,336,907,685 9,314,147,875 10,795,760,288 8,501,197,378 5,417,571,167 18,102,856,092 8,328,924,445 8,043,959,548 6,691,545,833 4,934,191,678 4,361,279,124 11,626,174,949 7,314,736,049 11,589,333,964 18,581,047,378 1,939,606,590

6,491,930,161 6,396,309,480

11,988,374,922 3,920,448,963

PT Prima Bintaro Royale Kementerian PU & PR Cipta Karya KRIMSUS PT Paramount Propertindo PT Sekar Atha Sentosa PT Prioritas Land Indonesia Dinas PU Provinsi Riau PT Citicon Propertindo PT Mutiara Mitra Sejahtera PT Bintan Cipta Cemerlang PT Raflesia Nusantara PT Citra Raya Medika PT Graha Satu Tiga Tujuh PT Aneka Sumber Daya Energi PT Triniti Dinamik PT Kebayoran Puspita TOA Corporation PT Taman Impian Jaya Ancol PT Illia Persada PT Merpati Abadi Sejahtera PT Nirwana PT Kuala Jaya Realty PT Tritunggal Lestari Makmur PT Catur Jaya PT Trans Ritel Properti PT Centurion Perkasa Iman Kementrian PUPR, Dirjen Bina Marga, Satker PJN Metropolitan Jakarta PT Cahaya Baru Raya Realty Balai Besar Wilayah Sungai Pemali Juana

6,393,091,168 6,382,800,000 6,316,722,539 6,214,368,871 2,547,468,849,212

6,393,091,168 13,531,807,699 6,214,368,871 2,920,703,325,463

PT Isa Development Basuki Rahmanta PT Warna Warni Investama PT Griya Cipta Optimal Carried Forward

67





8.

31 Maret / March 2016 Pindahan PT Duta Indah Iconic PT Graha Utama Development Dinas PU Kutai Timur PT Nusantara Prospekindo Sukses Ny. Yenni Wijaya PT Teras Nirwana Bali PT Sun Property Abadi PT Misi Mulia Petronusa DPU Kabupaten Serang PT Duta Senawijaya Mandiri PT Galuh Citarum PT Grand Shayla Indonesia PT Putra Bangun Persada PT Putra Adi Prima Dinas Bina Marga & Pengairan Pemkot Samarinda PT Megatama Putra Yayasan Pertambangan & Energi PT Mahardika Agung Lestari PT Adhiloka Shobat Sewita PT Duta Wahana Karawang PT Deesbe PT Siloam Karya Sejahtera Sekjend DPR RI Dinas Bina Marga dan Tata Ruang Kementrian PU SNVT PJSA Sumatera II PT Multi Kreasi Cipta Sarana PT Naribatama Abete PT Sarana Meditama Anugerah PT United Tractors Tbk - Kaltim PT Muara Wisesa Samudra PT Danau Winata Indah PT Heamas Mandiri Sejahtera PT Satria Pusaka Permata Perkasa PT Puri Pariwara PT Baradinamika Mudasukses Dipindahkan



2,547,468,849,212 6,190,047,738 6,139,153,964 6,053,922,012 5,737,994,706 5,565,505,151 5,313,101,575 5,216,458,172 5,123,213,873 5,003,745,212 4,725,134,841 4,566,107,932 4,387,256,626 4,245,706,906 4,050,158,977 4,007,551,454

2,920,703,325,463 7,732,137,379 19,267,484,264 5,885,822,995 7,033,833,777 12,623,170,788 5,313,101,575 5,216,458,172 3,944,637,507 5,758,113,154 3,315,930,947 4,387,256,626 4,987,033,134 4,434,666,362 4,007,551,454

3,979,501,591 3,758,542,151 3,756,253,042 3,654,463,794 3,636,133,951 3,588,307,582 3,398,569,372 3,218,402,181 3,194,209,943 3,123,000,303

6,952,986,834 3,758,542,151 14,509,866,302 5,186,560,583 4,651,133,951 3,398,569,372 1,501,740,167

Brought Forward PT Duta Indah Iconic PT Graha Utama Development Dinas PU Kutai Timur PT Nusantara Prospekindo Sukses Ny. Yenni Wijaya PT Teras Nirwana Bali PT Sun Property Abadi PT Misi Mulia Petronusa DPU Kabupaten Serang PT Duta Senawijaya Mandiri PT Galuh Citarum PT Grand Shayla Indonesia PT Putra Bangun Persada PT Putra Adi Prima Dinas Bina Marga & Pengairan Pemkot Samarinda PT Megatama Putra Yayasan Pertambangan & Energi PT Mahardika Agung Lestari PT Adhiloka Shobat Sewita PT Duta Wahana Karawang PT Deesbe PT Siloam Karya Sejahtera Sekjend DPR RI Dinas Bina Marga dan Tata Ruang Kementrian PU SNVT PJSA Sumatera II

3,119,159,635 3,097,918,181 2,911,673,877 2,901,143,285 2,865,856,001 2,864,029,863 2,664,720,000 2,591,048,335 2,515,319,523 2,469,252,504 2,687,101,413,465

3,119,159,635 6,712,377,556 2,901,143,285 2,865,856,001 2,864,029,863 3,800,733,216 2,469,252,504 3,079,302,475,017

PT Multi Kreasi Cipta Sarana PT Naribatama Abete PT Sarana Meditama Anugerah PT United Tractors Tbk - Kaltim PT Muara Wisesa Samudra PT Danau Winata Indah PT Heamas Mandiri Sejahtera PT Satria Pusaka Permata Perkasa PT Puri Pariwara PT Baradinamika Mudasukses Carried Forward

68





8.




Pindahan PT Bukit Nusa Harapan PT Emer Citra Agung PT Kapuk Naga Indah PT Erina Citra Gemilang PT Graha Pena Jawa Pos Surabaya PT Multi Karya Utama Abadi PT Bumi Daya Makmur PT Dialog Garage Cirebon PT Radinka Quatro Land PT Graha Multi Insani Kementerian PU-Dirjen SDA PT Kurnadi Abadi PT Asia Tritunggal Jaya PT Prasto Propertindo PT Artas Energi Petrogas BPPT PT Abadi Gowa Perkasa PT Marindo Surya PT Vidi Mandiri PT Tanrise Indonesia PT Tiara Abadi Nirmala RSUD Ulin Banjarmasin PT Tiran Makassar Dinas Kesehatan Provinsi Pekanbaru Dinas PU Kabupaten Bulungan PT Hotel Properti Internasional PT Graha Kencana Abadi PT Graha Masindo Pratama PT Satu Stop Sukses PT Mentari Subur Abadi Piutang - Peralatan Lain-lain di bawah Rp 1 Milyar

2,687,101,413,465 2,297,317,812 2,264,098,182 2,221,878,054 2,191,467,270 2,179,508,181 2,162,993,896 2,045,790,294 2,031,129,466 1,921,313,302 1,874,926,200 1,863,920,007 1,760,439,167 1,686,431,673 1,676,663,120 1,534,118,451 1,511,888,400 1,306,793,179 1,300,609,513 1,275,415,273 1,256,130,010 1,226,698,699 1,176,096,804 1,072,546,752 12,611,198,245 12,107,579,300

3,079,302,475,017 3,408,222,652 3,128,753,601 5,537,449,751 2,179,508,181 4,132,645,039 2,045,790,294 2,031,129,466 2,220,589,194 3,177,788,500 1,863,920,007 1,213,819,044 3,626,527,189 1,534,118,451 1,511,888,400 1,306,793,179 1,300,609,513 1,275,415,273 1,256,130,010 1,176,096,804 1,072,546,752 16,895,074,054 9,871,617,357 8,249,006,119 3,976,543,725 3,796,017,509 2,424,818,059 1,598,659,984 16,260,227,368 12,901,082,817

Brought Forward PT Bukit Nusa Harapan PT Emer Citra Agung PT Kapuk Naga Indah PT Erina Citra Gemilang PT Graha Pena Jawa Pos Surabaya PT Multi Karya Utama Abadi PT Bumi Daya Makmur PT Dialog Garage Cirebon PT Radinka Quatro Land PT Graha Multi Insani Kementerian PU-Dirjen SDA PT Kurnadi Abadi PT Asia Tritunggal Jaya PT Prasto Propertindo PT Artas Energi Petrogas BPPT PT Abadi Gowa Perkasa PT Marindo Surya PT Vidi Mandiri PT Tanrise Indonesia PT Tiara Abadi Nirmala RSUD Ulin Banjarmasin PT Tiran Makassar Dinas Kesehatan Provinsi Pekanbaru Dinas PU Kabupaten Bulungan PT Hotel Properti Internasional PT Graha Kencana Abadi PT Graha Masindo Pratama PT Satu Stop Sukses PT Mentari Subur Abadi Receivable-Equipment Other of less than 1 Billions


2,751,658,364,715

3,200,275,263,309


304,753,883,142 65,828,000,000 370,581,883,142

Related Parties PT Pelindo II (Persero) PT Hutama Karya (persero) Carried Forward

Pihak Berelasi PT Pelindo II (Persero) PT Hutama Karya (persero) Dipindahkan

395,304,147,324 318,330,384,000 713,634,531,324 69





8.




713,634,531,324 265,980,392,816 250,318,068,064 235,877,274,811 168,121,387,522 125,574,860,421 51,821,602,104 44,321,032,607 28,089,681,820 24,925,265,863 24,611,485,467 11,508,286,039 10,337,159,689 8,504,990,000 8,452,214,678 6,479,500,000 1,981,664,914 715,076,749

370,581,883,142 237,621,705,201 275,751,836,308 280,063,985,357 159,581,185,759 136,281,040,694 43,848,248,173 44,321,032,607 47,954,269,569 30,088,247,772 16,818,454,092 11,508,286,039 6,479,500,000 17,808,297,783 3,952,898,000 1,592,677,563 -

Brought Forward PT Angkasa Pura II (Persero) PT Prima Multi Terminal PT PLN (Persero) PT Jasa Marga (Persero) Tbk PT Pelindo IV (Persero) PT Angkasa Pura I (Persero) PT KAI (Persero) PT Pelindo III (Persero) PT Pekanbaru Permai Propertindo PT Bio Farma (Persero) PT Hotel Indonesia Natour (Persero) Kementerian Kesehatan RI PT Pertamina EP Cepu PT Indopola Meka Energy Perum Peruri PT Indonesia Power PT Krakatau Daya Listrik PT Inpola Meka Energy PT Angkasa Pura Hotel Other of less than 1 Billions


1,981,254,474,888

1,684,253,548,059


Jumlah Dikurangi: Penurunan Nilai Wajar Piutang Jumlah Tagihan Bruto Kepada Pemberi Kerja - Bersih

4,732,912,839,603

4,884,528,811,368

(138,605,340,573) 4,594,307,499,030

(163,207,478,963) 4,721,321,332,405

Total Less : Impairment of Receivable Total Unbilled Receivables Net

Pindahan PT Angkasa Pura II (Persero) PT Prima Multi Terminal PT PLN (Persero) PT Jasa Marga (Persero) Tbk PT Pelindo IV (Persero) PT Angkasa Pura I (Persero) PT KAI (Persero) PT Pelindo III (Persero) PT Pekanbaru Permai Propertindo PT Bio Farma (Persero) PT Hotel Indonesia Natour (Persero) Kementerian Kesehatan RI PT Pertamina EP Cepu PT Indopola Meka Energy Perum Peruri PT Indonesia Power PT Krakatau Daya Listrik PT Inpola Meka Energy PT Angkasa Pura Hotel Lain-lain di bawah Rp 1 Milyar

(Lihat Catatan No. 3e, 3g, 3i dan 45)

(See Notes No. 3e, 3g, 3i and 45)

70




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 9. PIUTANG LAIN-LAIN


Jangka Pendek Pihak Ketiga Piutang Bunga Sub Jumlah Pihak Ketiga

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) OTHER RECEIVABLES


69,076,860

247,315,921

Short Term Third Parties Interest Receivable

69,076,860

247,315,921


Pihak Berelasi Yayasan Dana Pensiun Pegawai PT PP (YDP4) PT PP Taisei Piutang Bunga Koperasi Karyawan

35,826,000 5,811,470 369,012,331 1,130,627,684

35,826,000 5,811,470 2,513,768,495 1,084,595,904

Related Parties Yayasan Dana Pensiun Pegawai PT PP (YDP4) PT PP Taisei Interest Receivable Koperasi Karyawan


1,541,277,485

3,640,001,869


1,610,354,345

3,887,317,790

Total Short Term

Jumlah Jangka Pendek Jangka Panjang Pihak Berelasi PT Citra Waspphutowa

787,024,728

787,024,728

Long Term Related Parties PT Citra Waspphutowa

Jumlah Jangka Panjang

787,024,728

787,024,728

Total Short Term

Piutang YDP4 (Yayasan Dana Pensiun Pegawai PT PP) adalah biaya-biaya untuk pegawai perusahaan yang ditempatkan di YDP4, telah dibayar perusahaan dan menjadi beban YDP4.

Receivables from YDP4 (Yayasan Dana Pensiun PT PP) originated from expenses of the Company's employees attached to YDP4, prepaid by the Company.

Piutang PP Taisei adalah tagihan atas iuran Jamsostek Karyawan PT PP (Persero), Tbk yang ditempatkan di PT PP Taisei.

Receivable from PT PP Taisei originated from prepaid contribution to Jamsostek for the Company's employees attached to PT PP Taisei.

Piutang Koperasi Karyawan adalah tagihan atas iuran Jamsostek Karyawan PT PP (Persero), Tbk yang ditempatkan di Koperasi Karyawan.

Receivable from Koperasi Karyawan originated from expenses of the Company's employees attached to Koperasi Karyawan, paid by the Company and reimbursable by Koperasi Karyawan.

Piutang PT Citra Waspphutowa adalah biaya-biaya dalam rangka pendirian joint-venture yang telah dibayar perusahaan dan menjadi beban PT Citra Waspphutowa. Piutang tersebut merupakan piutang kepada perusahaan asosiasi yang tidak dikenakan bunga dan jaminan serta tidak ditentukan jadwal pengembaliannya.

Receivables from PT Citra Wasuphutowa originated from costs for establishment of joint-venture paid by the Company and reimbursable by PT Citra Waspphutowa. The receivables are from assosiated company and, therefore, no interest is charged, no guarantee is required and no payment time schedule is determined.

(Lihat Catatan No. 3e, 45)

(See Note No. 3e, 45)

71




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 10. PERSEDIAAN


Persediaan Jasa Konstruksi Persediaan Bahan Untuk Konstruksi Persediaan Properti Persediaan Bahan Untuk Hotel

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) INVENTORIES


447,427,802,051

401,101,175,373

1,744,306,807

1,909,592,140 --

Inventory of Construction Inventory of Construction Materials Inventory of Property Inventory of Materials for Hotel

Persediaan Realty Bangunan Dalam Konstruksi Tanah Sedang Dikembangkan Bangunan dan Rumah Jadi Sub Jumlah Tanah Akan Dikembangkan

1,156,491,414,714 960,628,084,990 19,180,203,913 2,585,471,812,475 247,992,592,095

932,734,780,576 1,143,811,889,586 19,067,897,648 2,498,625,335,323 247,992,592,095

Inventory of Realty Building Under Construction Land in Development Ready House and Buildings Sub Total Land For Development

Jumlah Persediaan

2,833,464,404,570

2,746,617,927,418

Total Inventories

Persediaan bahan konstruksi merupakan persediaan material dan perlengkapan proyek yang tersedia di gudang proyek yang dimiliki oleh Perseroan.

Inventories of construction materials are projects materials stored at project warehouses owned by the Company.

Persediaan bahan untuk Hotel merupakan persediaan bahan untuk operasional Hotel.

Inventories of materials for hotel are materials needed in hotel operations.

Persediaan bangunan dalam konstruksi, tanah sedang dikembangkan, bangunan & rumah jadi serta kavling siap bangun merupakan persediaan Properti, yang terdiri dari:

Inventories of buildings in construction, developed land sites, ready constructions and houses are inventories of the Property which include:

Bangunan dalam konstruksi terdiri dari :

Building under construction consist of: 31 Maret / March 2016

Kapas Krampung Plaza Grand Kamala Lagoon Grand Sungkono Lagoon The Ayoma Apartement Dharma Husada Payon Amarta Bukit Permata Puri Ngalian Amartha View Grand Slipi Tower Apartemen Pavillion Permata II Gunung Putri Apartemen Pavillion Permata I Jumlah


644,774,409,570 219,037,555,860 130,989,053,890 96,088,011,876 18,753,079,831 18,273,955,185 11,549,911,810 6,802,070,998 5,655,944,710 3,789,061,687 778,359,297 -

642,510,472,958 72,400,402,100 6,482,336,164 95,052,213,595 55,568,748,572 30,311,925,641 11,489,713,119 4,245,163,571 6,655,944,710 3,046,713,529 3,081,579,758 1,889,566,859

Kapas Krampung Plaza Grand Kamala Lagoon Grand Sungkono Lagoon The Ayoma Apartement Dharma Husada Payon Amarta Bukit Permata Puri Ngalian Amartha View Grand Slipi Tower Apartemen Pavillion Permata II Gunung Putri Apartemen Pavillion Permata I

1,156,491,414,714

932,734,780,576

Total

72





10.


Kapas Krampung Plaza Persediaan Kapas Krampung Plaza merupakan persediaan bangunan sedang dalam konstruksi yang terletak di atas tanah HGB No. 49 seluas 25.420 m2 atas nama PT Gitanusa Sarana Nusantara yang berlokasi di Kelurahan Tambakrejo Surabaya, sesuai dengan Akta Perjanjian Pengikatan Jual Beli No. 46 tanggal 24 Maret 2009, notaris Raharti Sudjardjati, SH.

Kapas Krampung Plaza Inventory of Kapas Krampung Plaza represents inventory of building under construction located at Land Right No. 49 of 25,420 m2 square meters on behalf PT Gitanusa Sarana Nusantara located in Kelurahan Tambakrejo - Surabaya, in accordance with the Sale Purchase Binding Agreement Deed No. 46 dated 24 March 2009, of the public notary Raharti Sudjardjati, SH.

Persediaan Kapas Krampung Plaza tersebut diperoleh dengan cara kompensasi piutang PT Gitanusa Sarana Niaga, dan tercatat dalam Persediaan Bangunan Sedang Dalam Konstruksi .

The inventory of Kapas Krampung Plaza originated from compensation of receivable from PT Gitanusa Sarana Niaga and presented in account of building under construction.

Grand Kamala Lagoon Persediaan Grand Kamala Lagoon terletak di atas tanah beberapa Sertifikat HGB dengan luas 153.048 m2 atas nama Perseroan yang terbit pada tahun 1983, 2003 akan berakhir 2025, 2036 dan 2042, dan seluas 99.086 m2 masih dalam proses pensertifikatan. Dan saat ini yang sedang dikembangkan untuk proyek Grand Kamala Lagoon, Bekasi adalah seluas 35.377 m2, sedangkan tanah yang akan dikembangkan seluas 216.757 m2.

Grand Kamala Lagoon Inventory at Grand Kamala Lagoon under various land right (HGB) of 153,048 m2 on behalf of company, issued in years 1983 and 2003 and expire in 2025, 2036 and 2042 and land another of land of 99,086 m2 is in process of certificate. That is being developed for the project Grand Kamala Lagoon, Bekasi is covering 35,377 m2, while the land will be developed in area of 216,757 m2.

The Ayoma Apartement Persediaan apartemen dalam konstruksi yang berlokasi di Serpong, Tangerang Selatan di atas tanah seluas 10.553 m2 yang terdiri atas 6 SHM No. 565, 860, 863, 865, 866 dan 1362 atas nama Nyonya Soelistyowati.

The Ayoma Apartement Inventory of apartements under construction located in Serpong, Tangerang on a land area of 10,553 m2 consisting of 6 SHM letters No. 565, 860, 863, 865, 866 and 1362 on behalf of Mrs.Soelistyowati.

Grand Slipi Tower Persediaan Grand Slipi Tower merupakan persediaan Condotel dan Apartemen yang diperoleh dari kompensasi dengan piutang usaha konstruksi atas nama PT Bangun Archatama dan PT Grand Soho (dua perusahaan dengan kepemilikan yang sama) sesuai dengan Perjanjian Pengikatan Jual Beli (PPJB) No. 31 s/d 54, notaris Misahardi Wilamarta, SH. tanggal 16 Maret 2009. Nilai persediaan Grand Slipi Tower sebesar Rp127.819.553.570 merupakan reklasifikasi dari persediaan bangunan dan rumah jadi yang dikembangkan dan ditingkatkan mutunya. Persediaan tersebut berupa ballroom apartemen seluas 1.693 m2 yang terletak di atas tanah seluas 5.982 m2, HGB No.1925 atas nama PT Grand Soho Slipi, terbit tanggal 26 Desember 2012 dan berakhir tanggal 25 Desember 2032.

Grand Slipi Tower Inventory of Grand Slipi Tower represents inventory of Condotel and Apartment originated from compensation with construction receivables from PT Bangun Archatama and PT Grand Soho (two companies with the same ownership) in accordance with sale and purchase binding Agreement No. 31 to 54, with the notary deed of public notary Misahardi Wilamarta, SH. dated 16 March 2009. The value of the Grand Slipi Tower inventory of IDR127,819,553,570 originated from reclassification of finished buildings and houses inventory the quality of which has been improved. Inventories in the from of ballroom measuring 1,693 m2 apartement located on the land area of 5,982 m2, HGB No. 1925 on behalf of PT Grand Soho Slipi, published on 26 December 2012 and will expire on 25 December 2032.

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10.


Apartemen Pavillion Permata I Persediaan apartemen dalam konstruksi yang berlokasi di Jl. Dukuh Pakis II, Kelurahan Dukuh Pakis, Kecamatan Dukuh Pakis, Kotamadya Surabaya, Propinsi Jawa Timur di atas tanah seluas 1.865 m2 dengan HGB No. 1989 tanggal 7 Desember 2001 yang berakhir pada tanggal 4 April 2043 atas nama PT PP Properti.

Apartemen Pavillion Permata I Invetory of apartemens under contruction, located on Jl. Dukuh Pakis II, Dukuh Pakis Village, Dukuh Pakis District, Surabaya, East Java Province in the land area of 1,865 m2 with HGB No. 1989 dated 7 December 2001, and will expire on 4 April 2043 on behalf of PT Property.

Apartemen Pavillion Permata II Persediaan apartemen dalam konstruksi yang berlokasi di Jl. Dukuh Pakis No. 102, Kelurahan Dukuh Pakis, Kecamatan Dukuh Pakis, Kotamadya Surabaya, Propinsi Jawa Timur di atas tanah seluas 2.385 m2 dengan SHM No. 268 tanggal 24 Nopember 2008 atas nama Hariyanto.

Apartemen Pavillion Permata II Invetory of apartemens under contruction, located on Jl. Dukuh Pakis No. 102, Dukuh Pakis Village, Dukuh Pakis District, Surabaya, East Java Province on a land area of 2,385 m2 with HGB No. 268 dated 24 November 2008 on behalf of Hariyanto.

Grand Sungkono Lagoon Persediaan Grand Sungkono Lagoon terletak di atas tanah beberapa Sertifikat HGB dan SHM dengan total luas 45.790 m2 terdiri dari 9 surat HGB seluas 40.982 m2; surat SHM seluas 1.976; 13 surat SKGR seluas 2.832 m2.

Grand Sungkono Lagoon Inventory of Grand Sungkono Lagoon is located on the ground a few of HGB and SHM with a total area of 45,790 m2 consists of 9 HGB letters area of 40,982 m2; SHM letter covering 1,976 m2; 13 SKGR letters covering 2,832 m2.

Payon Amarta Persediaan Payon Amarta dalam konstruksi yang berlokasi di Semarang di atas sertifikat HGB No. 3813 dengan total luas 96.471 m2 yang masih dalam proses balik nama dan seluas 3.483 m2 atas nama perseroan yang terbit pada tanggal 21 Mei 2014 dan berakhir pada tanggal 6 Januari 2044.

Payon Amarta Inventory in construction of Payon Amarta located in Semarang consists of HGB No. 3813 with a total area of 96,471 m2 which is still in the process of land title transfer documents, and an area of 3,483 m2 on behalf of the company which was published on 21 May 2014 and will expire on 6 January 2044.

Bukit Permata Puri Ngalian Semarang Persediaan Bukit permata Puri Ngalian semarang adalah persediaan yang terletak di atas tanah beberapa Sertifikat HGB dengan total luas 391.539 m2 atas nama Perseroan yang terbit pada beberapa tahun 1993, 1994, 1996, 2003, 2005 dan 2007 dan berakhir pada tahun 2023, 2025, 2033, 2035 dan 2037. Gunung Putri

Bukit Permata Puri Ngalian Semarang Bukit Permata Puri Ngalian Semarang inventory is Land Right (HGB) of 391,539 m2, on behalf of the Company issued in various years: 1993, 1994, 1996, 2003, 2005 and 2007, and will expire in years 2023, 2025, 2033, 2035 and 2037.

Persediaan Gunung Putri adalah persediaan yang berlokasi di Bogor, Jawa Barat. Terletak di atas tanah dengan sertifikat HGB No 48 dengan luas 21.000 m2 atas nama Perseroan yang terbit pada tanggal 19 Januari 1995 dan berkahir tanggal 8 Januari 2025.

Gunung Putri inventory is inventory that is located in Bogor, West Java. HGB No. 48 with an area of 21,000 m2 on behalf of the company dated 19 January 1995 will expire dated 8 January 2025.

Gunung Putri

74





10.

Tanah Sedang Dikembangkan terdiri dari :

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) INVENTORIES (continued) Land undr Development:



Dharma Husada Grand Sungkono Lagoon Grand Kamala Lagoon

583,656,750,000 366,347,507,177 10,623,827,813

583,656,750,000 549,531,311,773 10,623,827,813

Dharma DharmaHusada Husada Mayjen Grand Sungkono Sungkono - Surabaya Lagoon Grand Kamala Kalimalang Lagoon

Jumlah

960,628,084,990

1,143,811,889,586

Total

Tanah Akan Dikembangkan terdiri dari :

Land for Development: 31 Maret / March 2016


Grand Kamala Lagoon - Kalimalang Tanjung Barat Anai Resort

217,708,338,774 30,177,650,000 106,603,321

217,708,338,774 30,177,650,000 106,603,321

Grand Kamala Lagoon - Kalimalang

Jumlah

247,992,592,095

247,992,592,095

Total

Tanjung Barat Anai Resort

Dharma Husada Persediaan Dharma Husada merupakan tanah yang terletak di kelurahan Mulyorejo kota Surabaya. Dengan total luas kurang lebih 41.634 m2, yang terbagi atas 14 sertifikat HGB atas nama PT Aneka Bangunan Mulia Jaya, yaitu dengan Perjanjian Pengikatan Jual Beli Notariil No. 13,15, 17, 19, 21, 23, 25, 27, 29, 31, 31, 33, 35, 37 dan 39 dan SHM No. 16 yang masih dalam proses. Tanah tersebut akan dikembangkan sebagai kawasan bisnis.

Dharma Husada Husada Dharma inventory is located at Mulyorejo district, Surabaya of total area of approximately 41,634 m2, which is divided into 14 HGB on behalf of PT Aneka Mulia Jaya under Purchase and Sale Agreement Number 13, 15, 17, 19, 21, 23, 25, 27, 29, 31, 33, 35, 37 and 39, and land right (SHM) No. 16 which still under process. The will be developed as a business district.

Persediaan Dharma Husada tersebut mengalami perubahan luas dikarenakan pengukuran ulang oleh Badan Pertanahan Nasional (BPN) menjadi lebih luas dengan total 42.033 m2.

Husada Dharma inventory are total area change due to repeated measurement by National Legal Agency (BPN) became more widespread with a total area 42.033m2.

Grand Sungkono Lagoon Persediaan tanah terletak di atas tanah beberapa Sertifikat HGB dan SHM dengan total luas 45.790 m2 terdiri dari 9 surat HGB seluas 40.982 m2; surat SHM seluas 1.976; 13 surat SKGR seluas 2.832 m2. Yang dulunya merupakan piutang konstruksi proyek Kapas Krampung Plaza, Surabaya. Dan saat ini dikembangkan untuk proyek Grand Sungkono Lagoon.

Grand Sungkono Lagoon Inventory of land located on the ground a few HGB and SHM with a total area of 45,790 m2 consists of 9 HGB letters area of 40,982 m2; SHM letter covering 1,976 m2; 13 SKGR letters covering 2,832 m2. Which was once the construction project receivable of Kapas Krampung Plaza, Surabaya. And when it was developed for the project Grand Sungkono Lagoon.

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10.


Grand Kamala Lagoon Persediaan Kalimalang terletak di atas tanah beberapa Sertifikat HGB dengan luas 153.048 m2 atas nama perseroan yang terbit pada tahun 1983 dan 2003 serta berakhir pada tahun 2025, 2036 dan 2042 serta seluas 99.088 m2 masih dalam proses pesertifikatan. Dan saat ini yang sedang dikembangkan untuk proyek Grand Kamala Lagoon, Bekasi adalah seluas 35.377 m2 sedangkan tanah yang akan dikembangkan seluas 216.757 m2 Penambahan tanah yang akan dikembangkan di Grand Kamala Lagoon seluas 32.389 m2 sesuai dengan Perjanjian Jual Beli No. 17 dari Notaris Dian Fitriana SH, M.Kn. Pada tanggal 8 Juli 2015 sehingga total tanah yang akan dikembangkan menjadi 249.146 m2.

Grand Kamala Lagoon Inventory at Kalimalang under various land right (HGB) of 153,048 m2 on behalf on the company, issued in 1983 and 2003, and wil expire in 2025, 2036 and 2042 and another landsite of 99,085 m2 under in certification process. That is being developed for the project Grand Kamala Lagoon, Bekasi is covering 35,377 m2, while the land will be developed in area of 216,757 m2.

Tanjung Barat Persediaan tanah Tanjung Barat seluas 13.084 m2 terletak di Kelurahan Tanjung Barat, Kecamatan Jagakarsa, Jakarta Selatan. Tanah tersebut terdiri dari 5 HGB atas nama PT Menara Duta seluas 8.594 m2, dan 4 HGB atas nama PT Cipta Kreasi seluas 4.490 m2. Tanah akan dikembangkan tersebut direncanakan untuk pembangunan apartemen.

Tanjung Barat Tanjung Barat inventories of land measuring 13,084 m2 located in Tanjung Barat, Jagakarsa, South Jakarta. The land consists of 5 HGB of PT Menara Duta are of 8,594 m2, and 4 HGB of PT Cipta Kreasi area of 4,490 m2. The land will be developed for the planned construction of apartements.

Anai Resort Persediaan Anai Resort, Padang Pariaman, Sumatera Barat yang terletak di atas tanah bersertifikat HGB No.11 dengan luas 3.555 m2 atas nama Perseroan yang terbit pada tanggal 20 Maret 1999 akan berakhir pada tanggal 25 Januari 2017.

Anai Resort Inventory at Anai Resort, Padang Pariaman, West Sumatera under Land Right (HGB) No.11 dated 20 March 1999, of 3.555 m2 on behalf of the Company, will expire in 25 January 2017.

Bangunan dan Rumah Jadi terdiri dari:

Buildings and Ready Houses include:

The addition of land will be developed in Grand Kamala Lagoon in area of 32,389 m2 has been done Sale and Purchase Biding Agreement No. 17 under the notary deed of public notary Dian Fitriana SH, M.Kn dated 8 July 2015 bringing the total land will be developed into 249,146 m2.



Mall Serang Rumah di Bogor FX. Residence Kios Pasar Kenari Apartemen Patria Park Bukit Permata Puri Ngalian Semarang

10,821,021,575 4,801,242,121 1,575,000,000 905,066,112 847,026,435 230,847,670

10,821,021,575 4,801,242,121 1,575,000,000 905,066,112 734,720,170 230,847,670

Mall MallSerang Serang Rumah di Bogor FX. Residence Kios Pasar Kenari Apartemen Patria Park Bukit Permata Puri Ngalian Semarang

Jumlah

19,180,203,913

19,067,897,648

Total

76





10.


Graha Bukopin Graha Bukopin adalah ruang perkantoran yang berlokasi di Graha Bukopin Surabaya luas 1.202 m2 di atas tanah sertifikat HGB atas nama PT Tiffa yang terbit pada tanggal 03 Desember 2010 akan berakhir tanggal 25 Juli 2031

Graha Bukopin Graha Bukopin is office space which located in Surabaya Graha Bukopin spacious 1,202 m2 on the ground HGB on behalf of PT Tiffa, published on 3 December 2010 and will expire on 25 July 2031.

Mall Serang Persediaan Mall Serang merupakan persediaan kios dan ruko yang diperoleh dari kompensasi dengan piutang usaha konstruksi a.n. PT Maju Mandiri Santosa atas proyek Mall Serang dengan luas 776,64 m2 yang berlokasi di SerangBanten, terdiri dari beberapa sertifikat HGB atas nama PT Maju Mandiri Santosa yang terbit pada tanggal 4 Maret 2010 dan 16 Juli 2010 akan berakhir pada tanggal 3 Nopember 2034.

Mall Serang Inventory of Mall Serang represents inventory of kiosks and shop houses originated from compensation in settlement of construction receivable from PT Maju Mandiri Sentosa for Mall Serang project of 776,64 square m2 located in Serang - Banten, with various Land Right ( HGB) on behalf PT Maju Mandiri Sentosa dated 4 March 2010 and 16 July 2010, and will expire in 3 November 2034.

Rumah di Bogor Persediaan rumah di Bogor merupakan hasil penyelesaian piutang Proyek Pangrango Plaza Bogor yang dibayarkan dengan 3 (tiga) unit rumah di Bogor, terletak di atas tanah beberapa Sertifikat HGB dengan total luas 996 m2 atas nama Perseroan yang terbit pada tanggal 19 Januari 2007 dan berakhir tanggal 19 Januari 2037. Pada tahun 2015, 1 (satu) unit rumah telah dijual dan total luas tanah menjadi 581 m2..

Rumah di Bogor Inventory of House in Bogor originated from settlement of receivable from Pangrango Plaza Bogor Project, compensated with 3 (three) units of house in Bogor, with various Land Right (HGB) of 996 m2 on behalf of the Company dated 19 January 2007 and will expire in 19 January 2037. In 2015, 1 (one) unit of house was sold, and the area were be 581 m2.

Kios Pasar Kenari Persediaan Kios Pasar Kenari adalah persediaan Kios yang berlokasi di Pasar Kenari, Jakarta, berupa hak pakai No.01.08.0004 sampai 01.08.0024 seluas 374.59 m2 berlaku mulai 1 Pebruari 1998 sampai dengan 1 Pebruari 2018.

Kios Pasar Kenari Pasar Kenari Kiosks inventory is located at Pasar Kenari, Jakarta, with right of use No.01.08.0004 up to 01.08.0024 of 374.59 m2, effective 1 February 1998 up to 1 February 2018.

FX Residence FX Residence adalah persediaan Apartemen yang terletak di Jl. Sudirman Pintu Satu Senayan seluas 150 m2. Persediaan tersebut merupakan hak huni atas nama PT Aneka Bina Lestari sejak tahun 2008 sampai dengan 2043.

FX Residence FX Residence represents apartment inventory located at Jl. Sudirman Pintu Satu Senayan of 150 m2.The inventory is under tenure of PT Aneka Bina Lestari from 2008 up to 2043.

Bukit Permata Puri Ngalian Semarang Persediaan Bukit permata Puri Ngalian Semarang adalah persediaan yang terletak di atas tanah beberapa Sertifikat HGB dengan total luas 391.539 m2 atas nama Perseroan yang terbit pada beberapa tahun 1993, 1994, 1996, 2003, 2005 dan 2007 dan akan berakhir pada beberapa tahun 2023, 2025, 2033, 2035 dan 2037.

Bukit Permata Puri Ngalian Semarang Bukit Permata Puri Ngalian Semarang inventory is Land Right (HGB) of 391.539 m2, on behalf of the Company issued in various years: 1993, 1994, 1996, 2003, 2005 and 2007, and will expire in years 2023, 2025, 2033, 2035 and 2037.

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10.


Apartemen Patria Park Persediaan Apartemen Patria Park merupakan persediaan apartemen sebanyak 4 unit yang berlokasi di Cawang Jakarta.

Apartemen Patria Park Patria Park Apartement inventory is apartement inventory of 4 units located in Cawang - Jakarta.

Permata Puri Persediaan Permata Puri adalah persediaan yang berlokasi di Cibubur, Jawa Barat, terletak di atas beberapa Sertifikat HGB No. 997, 998, 999 dengan total luas 583 m2 atas nama Perseroan yang terbit pada tanggal 27 Juni 1997 yang berakhir tanggal 13 Desember 2014. Persediaan tersebut telah terjual pada tahun 2014.

Permata Puri Inventory of Permata Puri is located at Cibubur, West Java. It is under various Land Right (HGB) No. 997, 998, 999 with a total area of 583 m2 on behalf of the Company dated 27 June 1997, which ended 13 December 2014. The inventory was sold in 2014.

Sebidang tanah SHGB seluas 3.555 m2 yang terletak di Kabupaten Padang Pariaman, Sumatera Barat dan 10 (sepuluh) bidang tanah SHGB seluas 45.630 m2 yang terletak di Pekayon, Kabupaten Bekasi, Jawa Barat dijadikan sebagai jaminan pada PT Bukopin (Persero), Tbk.

One piece of land of 3,555 square metres located in Padang Pariaman District, West Sumatra and 10 (ten) pieces of lands of 45,630 square metres located in Pekayon, Bekasi District, West Java, pledged as collateral to PT Bukopin (Persero), Tbk.

Sebidang tanah seluas 29.955 m2 yang terletak di Pekayon Jaya, Bekasi Selatan dijadikan sebagai jaminan pada PT CIMB Niaga, Tbk.

One piece of land of 29,955 square metres located in Pekayon Jaya, South Bekasi, pledged as collateral to PT CIMB Niaga, Tbk.

Di luar persediaan-persediaan tersebut, persediaan yang dijaminkan diasuransikan sesuai klausul bank atas fasilitas pinjaman yang diterima perusahaan.

Apart from those inventories, all inventories which are pledged as collateral are also insured in accordance with bank requirements related to loan facilities provided to the Company.

Seluruh kepemilikan perusahaan atas persediaan real estate adalah dalam bentuk Perjanjian Pengikatan Jual Beli (PPJB).

All of the Company's inventory of real estate are bound in sale and purchase binding agreements.

Konsekuensi yang harus ditanggung oleh perusahaan atas uang muka yang telah diterima namun tidak dapat diselesaikan tepat waktu oleh perusahaan maka konsumen dapat memutuskan perjanjian dan perusahaan berkewajiban mengganti seluruh uang muka tersebut.

Consequences which should be borne by the Company with an advance received, but the related project can not be completed on time, therefore the relevant consumer has the right to cancel the agreement and the Company is liable to fully pay back the advance received.

Seluruh persediaan bahan/material diasuransikan melalui Construction All Risk (CAR).

All material inventories are insured through Construction All Risk (CAR) insurance.

Persediaan bangunan jadi telah diasuransikan dengan rincian sebagai berikut:

Inventory of existing building were insured with the following details:

Penanggung / Insurance Company PT Asuransi Wahana Tata PT Asuransi Wahana Tata PT Asuransi Wahana Tata PT Asuransi Wahana Tata


Jangka Waktu / Period of Insurance

022.4050.201.2015.001344.00 022.4050.202.2015.000214.00 022.1050.501.2015.000014.00 022.1050.201.2015.000675.00

01-12-2015 - 01-12-2016 01-12-2015 - 01-12-2016 01-12-2015 - 01-12-2016 13-04-2015 - 13-04-2016

78

Nilai Pertanggungan / Insurance Policy 200,000,000,000 200,000,000,000 5,000,000,000 50,000,000,000




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 10. PERSEDIAAN (lanjutan) Penanggung / Insurance Company PT Asuransi Himalaya Pelindung PT Asuransi Himalaya Pelindung PT Asuransi Himalaya Pelindung PT Asuransi Himalaya Pelindung PT Asuransi Bintang PT Asuransi Bintang PT Asuransi Qbe Pool Indonesia PT Asuransi Allianz Utama Indonesia

10.

INVENTORIES (continued)

Nomor Polis / Certificate Number 10010105151000101 1001010915000187 10010105151000113 10010109151000199 P10115101546000 P10411102330000 11-E0002686-CAR-E004 JKT00-G-1407-00E00004625

Manajemen berkeyakinan bahwa nilai pertanggungan cukup untuk menutup resiko kerugian yang mungkin timbul atas persediaan yang dipertanggungkan tersebut.


Jangka Waktu / Period of Insurance 01-11-2015 - 01-11-2016 01-11-2015 - 01-11-2016 01-11-2015 - 01-11-2016 01-11-2015 - 01-11-2016 01-11-201 - 01-11-2016 01-11-201 - 01-11-2016 19-08-2014 - 19-04-2017 15-07-2014 - 15-07-2016

Nilai Pertanggungan / Insurance Policy 1,254,300,000 1,254,300,000 1,947,200,000 1,947,200,000 304,100,000 304,100,000 515,000,000,000 275,000,000,000

The management believes that the insurance is adequate to cover possible loss on the inventories.

(Lihat Catatan No. 3j dan 21 )

(See Notes No. 3j and 21)

11. UANG MUKA VENTURA BERSAMA


ADVANCE PAYMENT - JOINT VENTURE 31 Desember / December 2015

KSO Karebe

3,000,000,000

3,000,000,000

JO Karebe

Jumlah Uang Muka Ventura Bersama

3,000,000,000

3,000,000,000

Total Advance Payment Joint Venture

(lihat Catatan No.3q)

(See Notes No.3q)

12. UANG MUKA

12.

Merupakan saldo uang muka per 31 Maret 2016 dan 31 Desember 2015 terdiri dari:

ADVANCE Represents balance of advances as of 31 Maret 2016 and 31 December 2015 consist of:



Uang Muka Supplier / Pemasok Uang Muka Import Uang Muka Subkontraktor Uang Muka Dinas

147,345,381,556 148,125,653,014 106,644,758,343 11,316,908,134

12,123,464,563 334,104,610 29,006,526,344 7,138,096,704

Advances to the Company's Officials

Jumlah Uang Muka

413,432,701,047

48,602,192,221

Total Advance Payment

79

Advances to Suppliers Advance to Import Advance to Subcontractors





12.

Rincian uang muka adalah sebagai berikut:

ADVANCE (continued) In the following details:

31 Maret / March 2016 Uang Muka Supplier / Pemasok Tanjung Uncang Terminal Peti Kemas Kalibaru Proyek Divisi Operasi III GSE Apron T3 Soetta Jalan Tol Medan Tebing Tinggi St Moritz Panakukang Makasar Proyek Divisi Operasi I Proyek Divisi Operasi II Apron Bandara Sultan Thaha Indarung CC-3 Jalan Servo Hauling Road UK Petra Gedung P1&P2 Uang Muka Supplier - Entitas Anak Lain-lain di bawah Rp 1 Milyar



53,221,750,224 26,221,709,508 12,280,621,566 10,229,794,830 6,622,986,781 5,880,398,195 5,000,000,000 3,595,975,059 2,817,360,000 2,072,000,000 1,468,580,471 1,373,880,675 15,276,402,296 1,283,921,951

1,271,750,224 5,999,004,183 4,852,710,156

Advances to Suppliers Tanjung Uncang Terminal Peti Kemas Kalibaru Proyek Divisi Operasi III GSE Apron T3 Soetta Jalan Tol Medan Tebing Tinggi St Moritz Panakukang Makasar Proyek Divisi Operasi I Proyek Divisi Operasi II Apron Bandara Sultan Thaha Indarung CC-3 Jalan Servo Hauling Road UK Petra Gedung P1&P2 Advance to Supplier - Subsidiary Other of less than 1 Billions

Sub Jumlah

147,345,381,556

12,123,464,563

Sub total

Uang Muka Import PLTGU 3 x 40 KDL - Cilegon Tanjung Uncang Lain-lain di bawah Rp 1 Milyar

140,082,345,358 7,964,948,116 78,359,540

334,104,610

Advances to Importirs PLTGU 3 x 40 KDL - Cilegon Tanjung Uncang Other of less than 1 Billions

Sub Jumlah

148,125,653,014

334,104,610

Sub total

2,585,292,188 1,090,481,475 10,114,218,716 1,627,564,800 16,536,639,681 1,697,900,598 1,500,000,000 68,657,257,316

3,660,250,059 2,436,231,475 2,400,737,219 2,156,340,953 1,627,564,800 1,146,987,385 11,895,667,624

Advances to Subcontractors Indarung Cc 4 St Moritz Panakukang Makasar Indarung Cc-3 Jalan Servo Hauling Road Swissbell Hotel Darmo Centrum Bendung Lolak Sulut Jalan Batu Raden Indarung Cc 7 Advance to Supplier - Subsidiary

2,835,403,569

3,682,746,829

Other of less than 1 Billions

106,644,758,343

29,006,526,344

Sub total

Uang Muka Subkontraktor Indarung Cc 4 St Moritz Panakukang Makasar Indarung Cc-3 Jalan Servo Hauling Road Swissbell Hotel Darmo Centrum Bendung Lolak Sulut Jalan Batu Raden Indarung Cc 7 Uang Muka Subkontraktor - Entitas Anak Lain-lain di bawah Rp 1 Milyar Sub Jumlah

80






Uang Muka Dinas Pusat Uang Muka Dinas - Entitas Anak Lain-lain di bawah Rp 1 Milyar Sub Jumlah Jumlah Uang Muka

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) ADVANCE (continued)


1,534,142,381 9,143,869,315 638,896,438

1,228,940,788 5,342,479,478 566,676,438

Working Advances Pusat Working Advance - Subsidiary Other of less than 1 Billions

11,316,908,134

7,138,096,704

Sub total

413,432,701,047

48,602,192,221

Total Advances

Uang muka supplier/pemasok merupakan uang muka atas pembelian dan pengadaan bahan/material sesuai dengan surat perjanjian jual beli yang akan diperhitungkan dengan pembayaran tagihan supplier.

Advances to suppliers are advances for materials purchases and procurement in accordance with sales agreement and to be settled upon billing by the relevant supplier.

Uang muka subkontraktor merupakan uang muka yang dibayarkan Perusahaan kepada subkontraktor sesuai dengan kontrak, untuk pelaksanaan suatu proyek yang akan diperhitungkan dengan pembayaran tagihan subkontraktor.

Advances to subcontractors are advances provided to subcontractors in accordance with contracts, for the purpose of project works to be settled with billing of the relevant subcontractor.

13. PERPAJAKAN

13.

a. Pajak Dibayar Dimuka

TAXATION a. Prepaid Taxes



Pajak Pertambahan Nilai Pajak Penghasilan Badan : PPh Final PPh Pasal 23 Pajak Bumi dan Bangunan

329,413,850,707

380,794,298,661

54,669,251,526 4,811,747,183 250,356,673

82,390,182,860 4,148,850,252 438,124,178

Value Added Tax Corporate Income Tax: Final Tax Article 23 Land and Building Tax

Jumlah Pajak Dibayar Dimuka

389,145,206,089

467,771,455,951

Total Prepaid Taxes

b. Utang Pajak

b. Taxes Payable 31 Maret / March 2016

PPh Pasal 21 PPh Pasal 22/23 Pajak Pembangunan (PB 1) PPh Pasal 26 Jumlah Utang Pajak


18,140,310,732 34,471,098,907 694,797,635 53,306,207,274

42,145,684,704 13,449,960,705 964,522,947 9,875,122 56,570,043,478

81

Income Tax Article 21 Income Tax Article 22/23 Development Tax Income Tax Article 26 Total Tax Payable





13.

c. Liabilitas Pajak Penghasilan Final

TAXATION (continued) c. Final Income Tax Liability

31 Maret / March 2016 Merupakan liabilitas pajak penghasilan final per 31 Maret 2016 dan 31 Desember 2015 masing-masing :



309,496,467,267

291,211,795,262

d. Beban (Penghasilan) Pajak:

Represent final income tax liability as of 31 March 2016 and 31 December 2015 amounting to :

d. (Income) Tax Expense: 31 Maret / March 2016


Pajak Kini Pajak Penghasilan Tidak Final Pajak Penghasilan Final

1,710,553,530 88,704,348,699

2,199,737,293 66,242,081,643

Current Tax Non Final Income Tax Final Income Tax

Jumlah beban pajak

90,414,902,229

68,441,818,936

Total Income Tax Expense

Pajak Penghasilan Tidak Final Laba Konsolidasi sebelum Pajak

Non Final Income Tax 220,317,933,902

162,058,106,939

Penghasilan

income tax

Dikurangi : Laba sebelum Pajak Penghasilan -

Less : 129,714,420,630

114,825,966,158

Profit before income tax -

90,603,513,272

47,232,140,781

Profit before income tax

-

-

Deductible Differences

Entitas Anak Laba sebelum Pajak Penghasilan

Consolidated profit before

Subsidiaries

Penyesuaian Pajak Beda Temporer Beda Tetap

Permanent Differences

Penghasilan yang sudah dikenakan Pajak Final

(2,052,549,222,547)

(1,466,254,928,701)

Income Imposed Final Tax

Beban atas penghasilan yang sudah dikenakan Pajak Final

1,961,945,709,275

1,419,022,787,920

Expenses on Income Already Taxed Final

-

-

Penghasilan Kena Pajak Beban Pajak Penghasilan Kini Tidak Final - Entitas Induk Beban Pajak Penghasilan Kini Tidak Final - Entitas Anak

-

-

(1,710,553,530)

2,199,737,293

Beban Pajak Penghasilan Kini Tidak Final - Konsolidasi

Income Tax Current Income Tax Expense Non Final - Parent Entity Current Income Tax Expense Non Final - Subsidiaries Current Income Tax Expense

(1,710,553,530)

2,199,737,293

82

Non Final - Consolidated





13.

Perusahaan menerima Surat Ketetapan Pajak Lebih Bayar, Kurang Bayar dan Nihil (SKPLB, SKPKB dan SKPN) dan telah menerima kelebihan restitusi pajak adalah sebagai berikut:

Tahun Pajak / Fiscal Year 2014 2014 2014 2014 2014 2014 2013 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008

Objek Pajak / Tax Object SKPLB PPN/Overpayment VAT (Jan) SKPLB PPN/Overpayment VAT (Feb) SKPLB PPN/Overpayment VAT (Mar) SKPLB PPN/Overpayment VAT (Apr) SKPLB PPN/Overpayment VAT (Mei) SKPLB PPN/Overpayment VAT (Juni) SKPLB PPN/Overpayment VAT (2013) Putusan Banding PPN masa Feb Putusan Banding PPN masa Mar Putusan Banding PPN masa Apr Putusan Banding PPN masa Mei Putusan Banding PPN masa Jun Putusan Banding PPN masa Jul Putusan Banding PPN masa Agust Putusan Banding PPN masa Sept Putusan Banding PPN masa Okt Putusan Banding PPN masa Nop

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) TAXATION (continued) The Company received the following Tax Assesment Letter of Tax Over Payment, Tax Under Payment and Nil (SKPLB, SKPKB and SKPN) and the Company has received the tax refund as follows:

Nomor Hasil Pemeriksaan / Assessment Note Number 00031/407/14/093/15 00032/407/14/093/15 00034/407/14/093/15 00033/407/14/093/15 00035/407/14/093/15 00036/407/14/093/15 00026/406/13/093/15 64175/PP/M.XIIA/16/2015 64176/PP/M.XIIA/16/2015 64177/PP/M.XIIA/16/2015 64183/PP/M.XIIA/16/2015 64184/PP/M.XIIA/16/2015 64178/PP/M.XIIA/16/2015 64179/PP/M.XIIA/16/2015 64180/PP/M.XIIA/16/2015 64181/PP/M.XIIA/16/2015 64182/PP/M.XIIA/16/2015

Tidak terdapat (beban) manfaat pajak tangguhan dan aset (kewajiban) pajak tangguhan untuk periode yang berakhir 31 Desember 2015 dan 31 Desember 2014 karena penghasilan perusahaan dikenakan pajak penghasilan yang bersifat final sehingga tidak terdapat beda temporer yang akan dikompensasikan dimasa yang akan datang. Kecuali untuk Entitas Anak yang terdapat Penghasilan yang tidak dikenakan pajak final.

Jumlah lebih (kurang) bayar / Total of Tanggal Terbit / Date of Issue Over/(Under) Payment 29-Oct-15 29-Oct-15 29-Oct-15 29-Oct-15 29-Oct-15 29-Oct-15 29-Oct-15 28-Sep-15 28-Sep-15 28-Sep-15 28-Sep-15 28-Sep-15 28-Sep-15 28-Sep-15 28-Sep-15 28-Sep-15 28-Sep-15

17,109,091,843 14,582,853,854 12,026,709,373 1,366,884,192 8,324,738,532 22,557,714,846 20,415,974,890 1,031,925,922 614,220,378 1,865,369,373 490,229,762 69,123,627 760,361,044 410,821,852 283,286,220 469,845,342 798,645,112

There is no deferred tax (expense) benefit and deferred tax assets (liabilities)for the period ended 31 December 2015 and 31 December 2014 because of company's incomes were subjected to final tax which eliminate the expected future tax consequences of temporary differences between tax bases and financial reporting. Except for income from subsidiaries were subjected to non final tax.

(Lihat Catatan No. 3u)

(See Note No. 3u)

83




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 14. BEBAN DIBAYAR DIMUKA


Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) PREPAID EXPENSES


Biaya Tidak Langsung Biaya Pemasaran Biaya Provisi Biaya Asuransi

226,073,263,324 187,260,056,807 20,743,167,406 10,271,026,179

96,542,314,942 128,400,949,200 25,627,414,731 8,751,443,556

Indirect Expense Marketing Expense Provision Expense Insurance Expense

Jumlah Beban Dibayar Dimuka

444,347,513,716

259,322,122,429

Total Prepaid Expenses

Biaya pemasaran adalah biaya-biaya dalam rangka mendapatkan proyek antara lain biaya prakualifikasi, jaminan tender dan biaya tender lainnya. Biaya ini akan dibebankan setelah proyek didapatkan atau ada kepastian tidak didapatkan. Perolehan kontrak baru tahun yang berakhir 31 Maret 2016 adalah sebesar Rp4.244 milyar.

Marketing expense represents expenditures in relation to getting project works, such as prequalification, bidding bond, and other bidding expenses. The expenses are chargeable to the related projects when awarded. The contracts awarded to the Company during the year ended 31 December 2015 is IDR4,244 billion.

Biaya Tidak Langsung termasuk entitas anak adalah pengeluaran yang akan dibebankan secara proporsional selama masa pelaksanaan proyek.

Indirect expenses, which include that of the subsidiaries, represent expenditures which will be charged in proportional manner during the projects period.

Biaya provisi dibayar dimuka merupakan biaya provisi atas perpanjangan kredit pinjaman yang akan diamortisir selama masa pinjaman.

Prepaid provision expenses are provisions payable for loan extension and are amortized over the relevant loan term.

(Lihat Catatan No. 3k)

(See Note No. 3k)

15. JAMINAN

15.

Akun ini merupakan jaminan yang dibayarkan (storjam) perusahaan dalam rangka tender proyek baru, jaminan atas penerimaan uang muka pekerjaan, pelaksanaan pekerjaan dan jaminan selama masa pemeliharaan pekerjaan berupa bank garansi dan jaminan LC/SKBDN terdiri dari :

GUARANTEE The account represents guarantee provided by the Company in relation to bidding for new projects, guarantee on work advances, guarantee on work performance, and guarantee during projects maintenance period, in form of bank guarantees and letter of credit guarantee, consisting of:



Jaminan Pelaksanaan Proyek Jaminan Sewa Ruang

16,817,773,739 300,684,860

17,563,328,514 300,684,860

Projects Performance - Guarantee Rent - Guarantee

Jumlah Jaminan

17,118,458,599

17,864,013,374

Total Guarantee

84






(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 16. INVESTASI PADA ENTITAS ASOSIASI % Kepemilikan /Ownerships PT Sentul PP Properti PT Jababeka PP Properti PT Sinergi Investasi Properti PT Prima Multi Terminal PT Alam Inti Energi PT Muba Daya Pratama PT Inpola Meka Energi PT Pekanbaru Permai Propertindo

49% 49% 20% 25% 30% 49% 35% 40%

Jumlah Investasi/Total Investment

% Kepemilikan /Ownerships PT Sinergi Investasi Properti PT Prima Multi Terminal PT Alam Inti Energi PT Muba Daya Pratama PT Inpola Meka Energi PT Pekanbaru Permai Propertindo Jumlah Investasi/Total Investment


INVESTMENT IN ASSOCIATED ENTITIES 31 Maret / March 2016 Penambahan / Additions



27,240,000,000 122,590,000,000 17,821,300,000 46,518,235,052 34,464,500,000 23,500,000,000

49,000,000,000 26,062,236,000 23,500,000,000

2,766,376,000

49,000,000,000 26,062,236,000 27,240,000,000 122,590,000,000 17,821,300,000 46,518,235,052 34,464,500,000 44,233,624,000

244,894,035,052

98,562,236,000

2,766,376,000

367,929,895,052


20% 25% 30% 49% 35% 20%


52,200,000,000 17,821,300,000 46,472,044,309 7,400,000,000 23,500,000,000

27,240,000,000 79,090,000,000 46,190,743 27,064,500,000 -

8,700,000,000 -

27,240,000,000 122,590,000,000 17,821,300,000 46,518,235,052 34,464,500,000 23,500,000,000

147,393,344,309

133,440,690,743

8,700,000,000

272,134,035,052



Pendirian Perusahaan Patungan PT. Sentul PP Properti antara PT. PP Properti Tbk dengan PT. Sentul City Tbk. Akta Perjanjian Usaha Patungan No. 1 Tanggal 1 Februari 2016 ditandatangani dihadapan Notaris Emmyra Fauzia Kariana, SH, M.kn dan Akta Pendirian Perusahan No. 11 Tanggal 5 Februari 2016 dihadapan Notaris Elizabeth Karina Leonita. SH, M.kn. Modal dasar Perusahaan Rp 100.000.000.000 dengan komposisi kepemilikan saham PT. PP Properti Tbk adalah 49% atau senilai Rp 49.000.000.000 Perusahaan bergerak dibidang kegiatan usaha bisnis property dan realty. Luas lahan yang dikembangkan adalah ± 10.000 m2 yang terletak di Desa Citaringgul Kecamatan Citeureup Kabupaten Jawa Barat.

The establishment of the new company PT. Sentul PP Properti that was between PT. Properti Tbk with PT. Sentul City Tbk. Certificates agreement a joint venture No. 1 dated February 1, 2016 signed by notary Emmyra Fauzia Kariana, SH, M.kn And the deed of establishment company No. 11 dated February 5, 2016 is before notary Elizabeth Karina Leonita. SH, M.kn. The capital base of the company Rp 100.000.000.000 with the ownership composition of share of PT. PP Properti Tbk is 49 % or costs Rp Rp 49.000.000.000 company move in business activities business property and realty.Their land developed was ± 10.000 m2 located on Desa Citarinngul, Citeureup, West Java.

85





16.

b. PT Jababeka PP Properti

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) INVESTMENT IN ASSOCIATED ENTITIES (continued) b. PT Jababeka PP Properti

Pendirian Perusahaan Patungan PT. Jababeka PP Properti antara PT. PP Properti Tbk dengan PT. Kawasan Industri Jababeka Tbk. Akta Perjanjian Usaha Patungan No. 85 Tanggal 28 Januari 2016 ditandatangani dihadapan notaris Dra. Rr. Hariyanti Poerbiantari, SH, Mkn. dan Akta Pendirian Perusahan No. 9 Tanggal 4 Februari 2016 dihadapan Notaris Telly Feberianawati, SH. Modal dasar Perusahaan Rp 73.872.550.000 dengan komposisi kepemilikan saham PT. PP Properti Tbk adalah 49% atau senilai Rp 36.197.550.000 Perusahaan bergerak dibidang kegiatan usaha bisnis property dan realty. Luas lahan yang dikembangkan adalah 25.855 m2 yang terletak di Jalan Jababeka VIII Kecamatan Cibitung Kabupaten Bekasi Jawa Barat.

The establishment of the new company PT. Jababeka PP Properti that was between PT. Properti Tbk with PT. Kawasan Industri Jababeka Tbk. Certificates agreement a joint venture No. 85 dated January 28, 2016 signed by notary dra .Rr .Hariyanti Poerbiantari, SH, Mkn. And the deed of establishment company No. 9 dated February 4, 2016 is before notary Telly Feberianawati, SH. The capital base of the company Rp 73.872.550.000 with the ownership composition of share of PT. PP Properti Tbk is 49 % or costs Rp 36.197.550.000 company move in business activities business property and realty.Their land developed was 25.855 m2 located on Jalan Jababeka VIII Cibitung Bekasi West Java .



PT Sinergi Investasi Properti adalah badan usaha hasil kerjasama antara BPJS Ketenagakerjaaan dan PT PP (Persero) Tbk. Kerjasama yang dilakukan dalam bidang jasa, pembangunan dan perdagangan umum. PT PP (Persero) Tbk melakukan penyertaan saham di PT Sinergi Investasi Properti sebesar 27.240 kembar saham atau sebesar Rp27.240.000.000,- atas penyertaan tersebut PT PP (Persero) Tbk berhak atas kepemilikan saham pada PT Sinergi Investasi Properti sebesar 20%.

PT Sinergi Investasi Properti is a joint venture between BPJS Ketenagakerjaan and PT PP (Persero) Tbk. Cooperation undertaken in the field of services , construction and general trading. PT PP ( Persero ) Tbk invested in shares in PT Sinergi Properti Investasi amounted to 27,240 shares or equivalent IDR27,240,000,000 on the inclusion of PT PP ( Persero ) Tbk is entitled to ownership of shares in PT Sinergi Properti Investasi by 20% .

PT Sinergi Investasi Properti belum menerbitkan Laporan Keuangan tanggal 31 Maret 2016.

PT Sinergi Investasi Properti has not issued financial statements as of 31 March 2016.



PT Prima Multi Terminal adalah badan usaha hasil kerjasama antara PT Pelindo I (Persero), PT PP (Persero) Tbk, dan PT Waskita Karya (Persero) Tbk. Kerjasama yang dilakukan dalam rangka melaksanakan kerjasama pembangunan dan pengoperasian Terminal Curah Cair Kuala Tanjung. PT PP (Persero) Tbk melakukan penyertaan saham di PT Prima Multi Terminal sebesar Rp52.200.000.000,- atas penyertaan tersebut PT PP (Persero) Tbk berhak atas kepemilikan saham pada PT Prima Multi Terminal sebesar 30%.

PT Prima Multi Terminal is a joint venture between PT Pelindo I (Persero), PT PP (Persero) Tbk, and PT Waskita Karya (Persero) Tbk. Cooperation is done in order to carry out joint development and operation of the Terminal Curah Cair Kuala Tanjung. The Company invested in stocks of PT Prima Multi Terminal in the amount of IDR52,200,000,000,- and with the investment, the Company owns 30% of ownership.

86





16.


Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) INVESTMENT IN ASSOCIATED ENTITIES (continued) d. PT Prima Multi Terminal

Pada tahun 2015 terdapat peningkatan modal disetor pada PT Prima Multi Terminal menjadi Rp. 490.360.000.000,- dan perubahan komposisi prosentase kepemilikan sehingga kepemilikan PT PP (Persero) Tbk menjadi 25%.

In 2015 there were an increase in issued and paid up capital of PT Prima Multi Terminal IDR490,360,000,000.and changes in the procentage ownership composition so the ownership of PT PP (Persero) Tbk change into 25%.

PT Prima Multi Terminal belum menerbitkan Laporan Keuangan tanggal 31 Maret 2016.

PT Prima Multi Terminal has not issued financial statements as of 31 March 2016.



PT PP (Persero), Tbk melakukan penyertaan saham di PT Alam Inti Energi sebesar Rp17.721.300.000,- dan atas penyertaan tersebut PT PP (Persero) Tbk berhak atas kepemilikan saham pada PT Alam Inti Energi sebesar 30%. Kerjasama yang dilakukan dalam rangka akan melakukan usaha di bidang investasi pembangkit listrik tenaga panas bumi. Perseroan melakukan investasi sejak tanggal 3 Nopember 2010.

The Company invested in stocks of PT Alam Inti Energi in the amount of IDR17,721,300,000 and with the investment, the Company owns 30 % of ownership. The investment made is for geothermal electric power plant. The investment was made since 3 November 2010.

PT Alam Inti Energi belum menerbitkan Laporan Keuangan tanggal 31 Maret 2016.

PT Alam Inti Energi has not issued financial statements as of 31 March 2016.



PT Muba Daya Pratama adalah perusahaan yang dibentuk dalam rangka penyediaan daya listrik yaitu Gas Turbin Power Plant Talang Duku 60 MW. Kepemilikan PT PP (Persero) Tbk sebesar 49% dari total modal. Saat ini PT Muba Daya Pratama beroperasi secara normal yaitu pengerjaan penyelesaian Power Plant.

PT Muba Daya Pratama is a company dealing in electric power supply: Gas Turbin Power Plant at Talang Duku 60 MW. The percentage of the Company share is 49% of the total capital. PT Muba Daya Pratama is in normal operation, completing the power plant.

Perseroan melakukan investasi sejak tanggal 15 Maret 2011. Saldo investasi pada PT Muba Daya Pratama sebesar Rp46.472.044.309,- adalah sebagai berikut:

The investment was made since 15 March 2011. The balance of investment in PT Muba Daya Pratama of IDR46,472,044,309 consist of:

87







16.

Investasi/ Investment Saldo 31 Desember 2015 Bagian Laba 2016 Saldo 31 Maret 2016


40,670,000,000 40,670,000,000

Jumlah / Profit (loss)

5,848,235,052 5,848,235,052

Informasi keuangan PT Muba Daya Pratama adalah sebagai berikut: 31 Maret / March 2015 Jumlah Aset Jumlah Liabilitas Jumlah Ekuitas Pendapatan Laba/ (Rugi) Bersih Setelah Pajak

INVESTMENT IN ASSOCIATED ENTITIES (continued)


The following is financial information of PT Muba Daya Pratama: 31 Desember / December 2015

-

565,813,627,954 470,878,454,377 94,935,173,577 104,852,023,719 94,266,823




PT Inpola Meka Energi adalah perusahaan yang bergerak di bidang usaha penyedia tenaga listrik yang telah menandatangani Perjanjian Jual Beli Tenaga Listrik dengan PT. PLN (Persero) untuk Pembangkit Tenaga Listrik Tenaga Minihidro (PLTM) Lau Gunung Kapasitas 2 x 5.000 KW, Desa Pamah Kecamatan Pinem Kabupaten Dairi Sumatera Utara, tanggal 28 Desember 2009 (Proyek PLTM Lau Gunung). Kepemilikan PT PP (Persero), Tbk sebesar 35% dari total modal.

PT Inpola Meka Energi is a company dealing in Electrical Supply has been signed Power Purchase Agreement (PPA) with PT. PLN (Persero) for Minihydro Power Plant Lau Gunung with capacity 2 x 5.000 KW, Desa Pamah Kecamatan Pinem Kabupaten Dairi Sumatera Utara. dated 28 December 2009. The percentage of the Company share is 35% of the total capital.

Saldo investasi pada PT Inpola Meka Energi sebesar Rp.34.464.500.000,- adalah sebagai berikut:

The balance of investment in PT Inpola Meka Energi of IDR.34,464,500,000 consist of:

Investasi/ Investment Saldo 31 Desember 2015 Bagian Laba Saldo 31 Maret 2016


34,464,500,000 34,464,500,000

Jumlah / Profit (loss) -

PT Inpola Meka Energi belum menerbitkan Laporan Keuangan tanggal 31 Maret 2016.


PT Inpola Meka Energi has not issued financial statements as of 31 March 2016.

88





16.

h. PT Pekanbaru Permai Propertindo

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) INVESTMENT IN ASSOCIATED ENTITIES (continued) h. PT Pekanbaru Permai Propertindo

PT Pekanbaru Permai Propertindo merupakan badan usaha hasil kerjasama antara PT Dwimatra Mandiri, Tn. Onny Hendro Adiaksono dan PT PP Properti Tbk. Kerjasama yang dilakukan dalam rangka melaksanakan kerjasama pembangunan Kondotel Pekanbaru Park. PT PP Properti Tbk melakukan penyertaan saham di PT Pekanbaru Permai Propertindo sebesar Rp23.500.000.000. Penyertaan saham tersebut berdasarkan Akta Notaris Muhammad Azhari, S.H.,Sp.N.,M.H. Nomor : 30.Tanggal 28 Pebruari 2014 atas kepemilihan saham pada PT Pekanbaru Permai Propertindo sebesar 20%. PT Pekanbaru Permai Propertindo belum menerbitkan Laporan Keuangan.

PT Pekanbaru Permai Propertindo is a business entity in cooperation among PT Dwimatra Mandiri, Mr. Onny Hendro Adiaksono and PT PP Properti Tbk. The cooperation for copartnership in construction of Pekanbaru Park Condotel. PT PP Properti Tbk invested in shares in PT Pekanbaru Permai Propertindo of Rp23.500.000.000. The investment is based on the Notary Deed Number 30 dated February 28, 2014 of the notary Muhammad Azhari, S.H., Sp.N., M.H. on shareholding of PT Pekanbaru Permai Propertindo by 20%. PT Pekanbaru Permai Propertindo has not issued its financial statements.

Perubahan kepemilikan saham pada PT Pekanbaru Permai Propertindo sebesar 20% menjadi 40% dituangkan dalam Akta Notaris Muhammad Azhari., SH., SpN., MH. tentang Pernyataan Keputusan Rapat Perseroan Terbatas PT Pekanbaru Permai Propertindo

Changes in ownership share in PT Pekanbaru Permai Propertindo by 20% to 40% stated in Notary Deed Muhammad Azhari., SH., SPN., MH. Statement on Meeting of PT Pekanbaru Permai Propertindo No. 1.

PT Pekanbaru Permai Propertindo belum menerbitkan Laporan Keuangan tanggal 31 Maret 2016.

PT Pekanbaru Permai Propertindo has not issued financial statements as of 31 March 2016.


(See Notes No3l)

17. INVESTASI JANGKA PANJANG LAINNYA % Kepemilikan /Ownerships PT Jasa Marga Kualanamu PT Citra Waspphutowa PT Pancakarya Grahatama PT Mitra Cipta Polasarana PT PP Taisei

15,00% 12,50% 15.00% 4,67% 15,00%

Jumlah Investasi/Total Investment % Kepemilikan /Ownerships PT Jasa Marga Kualanamu PT Citra Waspphutowa PT Pancakarya Grahatama PT Mitra Cipta Polasarana PT PP Taisei Jumlah Investasi/Total Investment

15,00% 12,50% 15.00% 4,67% 15,00%


OTHERS LONG TERM INVESTMENT 31 Maret / March 2016 Penambahan / Additions



18,000,000,000 50,000,000,000 3,750,000,000 1,631,000,000 418,050,000

10,050,000,000 -

-

28,050,000,000 50,000,000,000 3,750,000,000 1,631,000,000 418,050,000

73,799,050,000

10,050,000,000

-

83,849,050,000



12,000,000,000 50,000,000,000 3,750,000,000 1,631,000,000 418,050,000

6,000,000,000 -

-

18,000,000,000 50,000,000,000 3,750,000,000 1,631,000,000 418,050,000

67,799,050,000

6,000,000,000

-

73,799,050,000

89





17.

a. PT Jasa Marga Kualanamu

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) OTHERS LONG TERM INVESTMENT (continued) a. PT Jasa Marga Kualanamu

PT Jasa Marga Kualanamu adalah badan usaha hasil kerjasama antara PT Jasa Marga (Persero) Tbk, PT Waskita Karya (Persero) Tbk, PT PP (Persero) Tbk dan PT Hutama Karya (Persero) Tbk. Kerjasama yang dilakukan dalam rangka melaksanakan pengusahaan jalan tol Medan-Kualanamu-Tebing Tinggi sepanjang kurang lebih 61,8 km yang terletak di Medan, Sumatera Utara. PT PP (Persero) Tbk melakukan penyertaan 12.000 lembar saham di PT Jasa Marga Kualanamu dengan nilai sebesar Rp12.000.000.000,- atas penyertaan tersebut PT PP (Persero) Tbk berhak atas kepemilikan saham pada PT Jasa Marga Kualanamu

PT Jasa Marga Kualanamu is a joint venture between PT Jasa Marga (Persero) Tbk, PT Waskita Karya (Persero) Tbk, PT PP (Persero) Tbk and PT Hutama Karya (Persero) Tbk. Cooperation is done in order to implement the toll road concession-field-Kualanamu High Cliff along approximately 61.8 miles located in Medan, North Sumatra. PT PP (Persero) Tbk invested 12,000 shares in PT Jasa Marga Kualanamu with a value of Rp12.000.000.000, - on the inclusion of PT PP (Persero) Tbk is entitled to ownership of shares in PT Jasa Marga Kualanamu by 15%.

PT Jasa Marga Kualanamu belum menerbitkan Laporan Keuangan tanggal 31 Maret 2016.

PT Jasa Marga Kualanamu has not issued financial statements as of 31 March 2016.



PT Citra Waspphutowa adalah badan usaha hasil kerjasama antara PT Citra Marga Nusaphala Persada, Tbk, PT Waskita Karya (Persero), PT PP (Persero), Tbk, PT Hutama Karya (Persero) dan PT Bosowa Trading Internasional yang merupakan perusahaan patungan di bidang Jalan Tol Ruas Depok - Antasari sesuai surat Menteri Negara BUMN No.S-03/MBU/2006 tanggal 09 Januari 2006 perihal Persetujuan Penyertaan pada Perusahaan Patungan di bidang Jalan Tol Ruas DepokAntasari, dimana kepemilikan PT Pembangunan Perumahan (Persero), Tbk adalah 12,5%. Saat ini PT Citra Waspphutowa masih beroperasi secara normal.

PT Citra Waspphutowa is a joint venture company between PT Citra Marga Nusaphala Persada, Tbk, PT Waskita Karya (Persero), PT PP (Persero), Tbk, PT Hutama Karya (Persero) and PT Bosowa Trading Internasional operating the toll road between Depok and Antasari under the license of the Minister of State Owned Enterprise No.S-03/MBU/2006 dated 09 January 2006 on Investment Approval for joint operation in toll road between Depok and Antasari sector. The ownership percentage the Company is 12,5%. Until to date PT Citra Waspphutowa is operating normally.

Pada tahun 2013 terdapat peningkatan Modal ditempatkan dan Modal disetor pada PT Citra Waspphutowa menjadi sebesar Rp37.500.000.000 namun tidak merubah komposisi prosentase kepemilikan.


Pada tahun 2014 terdapat peningkatan Modal disetor pada PT Citra Waspphutowa menjadi sebesar Rp50.000.000.000 namun tidak merubah komposisi prosentase kepemilikan.


90





17.


Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) OTHERS LONG TERM INVESTMENT (continued) b. PT Citra Waspphutowa

Informasi keuangan PT Citra Waspphutowa adalah sebagai berikut:

The following is financial information of Waspphutowa:


PT

Citra


1,473,425,589,614 1,091,372,264,274 382,053,325,340 350,961,974,232 (2,204,817,778)




PT MCPS adalah badan usaha hasil kerjasama antara PT PP (Persero), Tbk, Jasindo, Kopkar Jasindo dan PT Perkantoran Perhotelan Indonesia (PPI). Badan usaha ini bergerak dalam jasa persewaan kantor di kawasan Menteng Jakarta. Berdasarkan risalah Rapat Umum Pemegang Saham – Luar Biasa (RUPS-LB) PT MitraCipta Polasarana tanggal 19 Juni 2003 tentang perubahan modal dasar perusahaan dari Rp25.000.000.000 (dua puluh lima milyar rupiah) menjadi Rp34.960.000.000 (tiga puluh empat milyar sembilan ratus enam puluh juta rupiah) dimana tambahan setoran modal berasal dari pemegang saham mayoritas, dengan keputusan tersebut kepemilikan PT PP (Persero), Tbk sebelumnya sebesar 16% terdilusi menjadi 4,67%. Atas dasar akta nomor 18 tanggal 12 Desember 2013 oleh Notaris Ir. Nanette Cahyani Handari Adi Warsito, SH. PT PP (Persero) Tbk melakukan Spin Off maka kepemilikan tersebut menjadi milik PT PP Properti. Saat ini PT MCPS masih beroperasi secara normal.

PT MCPS is a joint venture between PT PP (Persero), Tbk, Jasindo, Kopkar Jasindo and PT Perkantoran Perhotelan Indonesia (PPI). The line of business of the joint venture is office space rental at Menteng area, Jakarta. Based on minutes of the shareholders extra ordinary general meeting of PT MitraCipta Polasarana on 19 June 2003, the shareholders agreed to increase the authorized capital of PT MitraCipta Polasarana from IDR25,000,000,000 (twenty five billion rupiahs) to be IDR34,960,000,000 (thirty billion nine hundred and sixty million rupiahs) where the additional paid-in capital comes from other majority shareholders. It resulted in decrease in the Company share from 16% to 4,67%. Up to this date date PT MCPS is operating normally. Base on the deed No. 18 dated 12 December 2013 by Notary Ir. Nanette Cahyani Handari Adi Warsito, SH. PT PP (Persero), Tbk do Spin Off then the ownership belongs to PT PP Property. Currently PT MCPS is still in normal operations.

Perseroan melakukan investasi sejak tanggal 24 Nopember 1994. PT Mitra Cipta Polasarana belum menerbitkan Laporan Keuangan tanggal 31 Maret 2016.

The investment was made since 24 November 1994. PT Mitra Cipta Polasarana has not issued financial statements as of 31 March 2016.

91





17.

d. PT PP (Persero) - Taisei Indonesia Construction

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) OTHERS LONG TERM INVESTMENT (continued) d. PT PP (Persero) - Taisei Indonesia Construction

Untuk mendapatkan pemasaran dari investor asing terutama dari Jepang, PT PP bekerja sama dengan Taisei Corporation membentuk badan usaha jasa konstruksi yang diberi nama PT PP - Taisei Indonesia Construction yang berkedudukan di Jakarta. Saat ini kepemilikan saham PT PP adalah 15%. Sebelumnya kepemilikan PT PP adalah 52%, karena memburuknya kondisi perekonomian di Indonesia sejak tahun 1997 yang mempengaruhi performa/ kinerja perusahaan, pada tahun 1998 PT PP melepas sebagian besar kepemilikannya kepada Taisei sehingga kepemilikan PT PP menjadi 15%. Saat ini PT PP - Taisei Indonesia Construction masih beroperasi secara normal.

To expand sales to foreign investors, especially those from Japan, the Company enters into cooperation with Taisei Corporation to establish construction business under the named of PT PP - Taisei Indonesia Construction, domiciled in Jakarta. Currently PT PP (Persero) has 15% ownership. Formerly the ownership of PT PP (Persero) was 52%, due to unfavourable economic conditions in Indonesia since 1997, which affected the Company's performance, in 1998 the Company divested a large part of shares to Taisei, resulted in decrease in its share to only 15%. Until to date PT PP - Taisei Indonesia Construction is operating normally.

Perseroan melakukan investasi sejak tanggal 8 Mei 1974.

The investment was made since 8 May 1974.

Informasi keuangan PT PP (Persero) - Taisei Indonesia Construction adalah sebagai berikut:

The following is financial information of PT PP (Persero) Taisei Indonesia Construction:



289,737,569,153 217,560,173,781 72,177,395,372 597,105,778,253 (22,087,552,131)




Proyek Baranangsiang Bogor adalah Pembangunan Kawasan Bisnis, Komersial, dan Hotel pada Proyek Penataan dan Pengembangan Terpadu Terminal Baranangsiang Bogor yang dilaksanakan oleh PT Pancakarya Grahatama Indonesia (PT. PGI). Penyertaan PT. PP (Persero) Tbk pada proyek tersebut sebesar 15%. Atas dasar akta nomor 18 tanggal 12 Desember 2013 oleh Notaris Ir. Nanette Cahyani Handari Adi Warsito, SH. PT PP (Persero) Tbk melakukan Spin Off maka kepemilikan tersebut menjadi milik PT PP Properti.

Baranangsiang Bogor Project is Development of Business Area, Commercial, and Hotel in Integrated Structuring and Development Project Baranangsiang Terminal Bogor which is performed by PT. Pancakarya Grahatama Indonesia (PT. PGI). PT. PP (Persero) Tbk participation in this project is 15%. Base on the deed No. 18 dated 12 December 2013 by Notary Ir. Nanette Cahyani Handari Adi Warsito, SH. PT PP (Persero), Tbk do Spin Off then the ownership belongs to PT PP Property.

PT Pancakarya Grahatama Indonesia belum menerbitkan Laporan Keuangan tanggal 31 Maret 2016.

PT Pancakarya Grahatama Indonesia has not issued financial statements as of 31 March 2016.


(See Notes No3l)

92






(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 18. PROPERTI INVESTASI

18.

INVESTMENT PROPERTY

31 Maret / March 2016 Saldo Akhir / Saldo Awal / Beg. Balance





Harga Perolehan

At cost

Pemilikan Langsung:

Direct Ownership

Tanah

80,119,522,430

-

-

-

80,119,522,430

Land

Bangunan

55,935,935,029

-

-

-

55,935,935,029

Building

136,055,457,459

-

-

-

136,055,457,459

Total At Cost

Jumlah Harga Perolehan Akumulasi Penyusutan




668,293,209

-

-

23,347,804,663

Building

22,679,511,454

668,293,209

-

-

23,347,804,663

Total Depreciation

113,375,946,005







Harga Perolehan

At cost

Pemilikan Langsung: Tanah Bangunan

Jumlah Harga Perolehan


-

-

77,299,715,745

80,119,522,430

Land

22,679,511,455

-

-

33,256,423,574

55,935,935,029

Building

25,499,318,140

-

-

110,556,139,319

136,055,457,459

Total At Cost

93






(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 18. PROPERTI INVESTASI (lanjutan)

18.

INVESTMENT PROPERTY (continued)






Akumulasi Penyusutan




56,037,264

-

-

22,679,511,454

Building

22,623,474,190

56,037,264

-

-

22,679,511,454

Total Depreciation

2,875,843,950


Pembebanan penyusutan aset properti investasi dan amortisasi adalah sebagai berikut:

Depreciation and amortization expenses of investment properties as follows:




668,293,209 -

56,037,264 -


Jumlah

668,293,209

56,037,264

Total

Aset properti investasi kecuali tanah diasuransikan terhadap risiko kebakaran, terorisme, sabotase dan risiko lainnya berdasarkan beberapa paket polis asuransi, dengan nilai pertanggungan sesuai dengan catatan 20.

All of the investment property except for lands are insured against the risks of fire, terrorism, sabotage and other risks on the basis a number insurance packages in accordance with note 20.

(Lihat Catatan No.3m, 21 dan 37)

(See Note No.3m, 21 and 37)

94






(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 19. ASET TETAP

19.

FIXED ASSETS




Saldo Akhir /




Harga Perolehan Pemilikan Langsung: Tanah

At cost Direct Ownership: 1,176,806,542,757

1,176,806,542,757

Land

645,724,507,647

Building

Bangunan

645,418,068,674

306,438,973

Mesin & Peralatan

507,858,457,686

52,047,164,123

Aset Hotel

28,844,041,414

191,809,899

29,035,851,313

Assets Hotel

Kendaraan

4,395,706,827

221,300,000

4,617,006,827

Vehicles

Inventaris Kantor

7,396,384,628

7,396,384,628

Office Equipment

2,420,237,172,174

Total

Jumlah

556,656,879,002 Machinery&Equip.

(3,248,742,807)

2,370,719,201,986

52,766,712,995

19,047,579,047

3,875,150,484

22,922,729,531

Building

724,247,783,399

13,821,973,532

738,069,756,931

Land

2,895,566,219

4,227,781,494

7,123,347,713

Machinery&Equip.

66,878,250,000

Land Mall

129,154,746,000

Commercial Area

964,148,830,175

Total

(3,248,742,807)

-

Aset Dalam Pelaksanaan Bangunan Mall & Hotel Mesin & Peralt.

Assets in Construction

Tanah Mall

66,878,250,000

Komersial Area

54,444,678,000

74,710,068,000

867,513,856,665

96,634,973,510

Jumlah Sewa Guna Usaha Mesin & Peralatan Kendaraan Jumlah Jumlah Harga Perolehan

-

-

Leasing 55,207,736,001

55,207,736,001 Machinery&Equip. 28,566,197,136 Vehicles

25,729,897,137

2,836,299,999

80,937,633,138

2,836,299,999

-

-

83,773,933,137

Total

3,319,170,691,789

152,237,986,504

(3,248,742,807)

-

3,468,159,935,486

Total At Cost



6,389,065,417

225,352,230,474

10,012,847,645

(3,248,742,794)

Aset Hotel

114,116,331

-

(114,116,331)

Kendaraan

3,709,685,732

167,676,685


Inventaris Kantor Jumlah

67,054,942,888

232,116,335,325 Machinery&Equip. -

7,065,473,183 296,907,383,191

16,569,589,747

(3,362,859,125)

95

Building

-

3,877,362,417

Vehicles

7,065,473,183

Office Equipment

310,114,113,813

Total







19.





Saldo Akhir /




Akumulasi Penyusutan Sewa Guna Usaha

Accumulated Depreciation Leasing

Mesin & Peralatan

21,232,154,932

1,518,822,063

Kendaraan

11,964,900,869

1,230,244,564

33,197,055,801

2,749,066,627

-

-

330,104,438,992

19,318,656,374

(6,725,718,250)

-

Jumlah Jumlah Akm.Penyusutan Nilai Buku

22,750,976,995

2,989,066,252,797

Machinery&Equip.

13,195,145,433

Vehicles

35,946,122,428

Total


3,122,099,699,245

Net Book Value






Saldo Akhir / Saldo Akhir / Ending Balance

Harga Perolehan Pemilikan Langsung: Tanah Bangunan Mesin & Peralatan Aset Hotel Kendaraan Inventaris Kantor Jumlah Aset Dalam Pelaksanaan Bangunan Mall & Hotel Mesin & Peralt. Tanah Mall Komersial Area Jumlah

At cost Direct Ownership: 100,058,886,876 312,701,146,375 423,673,327,993 4,580,706,827 6,153,596,998 847,167,665,069

18,239,058,499 242,060,964,979 84,970,114,663 28,844,041,414 1,242,787,630 375,356,967,185

(784,984,970) (185,000,000) (969,984,970)

1,058,508,597,382

25,159,710,695 25,159,710,695

24,072,821,339 724,247,783,399 2,895,566,219 66,878,250,000 54,444,678,000 872,539,098,957

-

(30,184,952,987) (30,184,952,987)

96

90,655,957,320 1,149,164,554,702

1,176,806,542,757 645,418,068,674 507,858,457,686 28,844,041,414 4,395,706,827 7,396,384,628 2,370,719,201,986

Land Building Machinery&Equip. Assets Hotel Vehicles Office Equipment Total Assets in Construction 19,047,579,047 Building 724,247,783,399 Land 2,895,566,219 Machinery&Equip. 66,878,250,000 Land Mall 54,444,678,000 Commercial Area 867,513,856,665 Total







19.




Sewa Guna Usaha Mesin & Peralatan Kendaraan Jumlah Jumlah Harga Perolehan


Saldo Akhir /




Leasing 65,289,897,000

4,723,693,142

-

(14,805,854,141)

21,588,797,137

6,967,400,000

(2,826,300,000)

-

86,878,694,137

11,691,093,142

(2,826,300,000)

(14,805,854,141)

959,206,069,901

1,259,587,159,284

(3,796,284,970)

1,104,173,747,574


55,207,736,001 Machinery&Equip. 25,729,897,137 Vehicles 80,937,633,138

Total

3,319,170,691,789

Total At Cost


23,660,037,918

-

-

177,989,163,243

48,509,955,945

(784,984,964)

(361,903,750)

Aset Hotel

-

114,116,331

Kendaraan

3,460,190,747

434,494,985

(185,000,000)

-

3,709,685,732

Vehicles

Inventaris Kantor

5,830,049,154

1,235,424,029

-

-

7,065,473,183

Office Equipment

224,285,242,697

73,954,029,208

(969,984,964)

(361,903,750)

296,907,383,191

Total

Mesin & Peralatan

14,794,972,931

6,075,288,251

-

361,893,750

21,232,154,932

Machinery&Equip.

Kendaraan

10,412,010,950

4,310,744,086

(2,757,854,167)

-

11,964,900,869

Vehicles

25,206,983,881

10,386,032,337

(2,757,854,167)

361,893,750

33,197,055,801

Total

Jumlah Akm.Penyusutan

249,492,226,578

84,340,061,545

(4,697,824,095)

(361,903,750)

Nilai Buku

709,713,843,323


Jumlah

60,665,877,471

Building

225,352,230,474 Machinery&Equip. 114,116,331

Sewa Guna Usaha

Jumlah

Leasing


2,989,066,252,797

Pembebanan penyusutan aset tetap adalah sebagai berikut:

Net Book Value

Depreciation expenses of fixed assets as follows:




12,592,938,124 7,014,998,629

76,222,799,255 3,057,534,445


Jumlah

19,607,936,753

79,280,333,700

Total

97





19.

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) FIXED ASSETS (continued)

Dari jumlah aset tetap tersebut di atas, telah dijaminkan atas fasilitas yang diperolah Perusahaan kepada Bank, sebagai berikut: - Berupa 31 (tiga puluh satu) bidang tanah SHGB, bangunan dan sarana pelengkap seluas 142.944 m2 yang letaknya tersebar di Jakarta, Jawa Barat, Jawa Tengah, Jawa Timur, Bali, Nusa Tenggara Barat, Lampung, Bengkulu dan Sumatera Utara, dan 1 (satu) bidang tanah SHP seluas 788 m2 di Jakarta serta 2 (dua) bidang tanah SHGB seluas 1.848 m2 yang terletak di Jakarta dan Jawa Barat dijadikan sebagai jaminan pada PT Bank Mandiri (Persero), Tbk. - Sebidang tanah HT, bangunan, gudang, yang terletak di Kabupaten Sidoarjo Jawa Timur dijadikan sebagai jaminan pada PT Bank BRI (Persero), Tbk.

The total fixed assets are pledged as collaterals credit facilities from banks.

-

- The Company holds the title deed to all of the buildings and land concessions presented in the statement of financial position. - All of the fixed assets except for lands are insured against the risks of fire, terrorism, sabotage and other risks on the basis a number insurance packages at the following amounts:

-

- Thirty one land sites (building concession - SHGB), buildings and facilities of 142,944 square meters located at separate areas in Jakarta, West Java, Central Java, East Java, Bali, West Nusa Tenggara, Lampung, Bengkulu, and North Sumatra and a piece of land SHP of 788 square meters in Jakarta and two pieces of lands of 1,848 square meters located in Jakarta and West Java, pledged as collaterals to PT Bank Mandiri (Persero), Tbk. - A piece of land, building, and warehouse, located at Sidoarjo District, East Java, pledged as collaterals to PT Bank BRI (Persero), Tbk.

Seluruh HGB atas tanah dan bangunan yang tercatat dalam daftar aset tetap perusahaan sudah atas nama perusahaan. Aset tetap kecuali tanah diasuransikan terhadap terhadap risiko kebakaran, terorisme, sabotase dan risiko lainnya berdasarkan beberapa paket polis asuransi, dengan nilai pertanggungan sebagai berikut: Penanggung / Insurance Company


PT Jasindo 202.223.200.15.00049 PT Jasindo 202.229.200.15.00050 PT Jasindo 202.406.200.15.00003 PT Jasindo 202.716.200.15.00011 PT Jasindo 202.404.200.15.00041 PT Asuransi Tugu Kresna Pratama 03M16011500002 PT Asuransi Wahana Tata 022.4050.202.2015.000193.00 PT Asuransi Wahana Tata 022.4050.201.2015.001186.00 PT Asuransi Wahana Tata 022.4050.501.2015.000011.00 PT Asuransi Wahana Tata 022.4050.202.2015.000196.00 PT Asuransi Wahana Tata 022.4050.201.2015.001274.00 PT Asuransi Wahana Tata 022.4050.501.2015.000012.00 PT Asuransi Himalaya Pelindung 10011514150100000

Jangka Waktu / Period of Insurance 28-9-2015 - 28-9-2016 28-9-2015 - 28-9-2016 28-9-2015 - 28-9-2016 28-10-2015 - 28-10-2016 28-9-2015 - 28-9-2016 01-01-2015 - 01-01-2016 01-11-2015 - 01-11-2016 01-11-2015 - 01-11-2016 01-11-2015 - 01-11-2016 25-11-2015 - 25-11-2016 25-11-2015 - 25-11-2016 25-11-2015 - 25-11-2016 14-01-2015 - 14-01-2016

Nilai Pertanggungan / Insurance Policy Rp. Rp. Rp. Rp. Rp. Rp. Rp. Rp. $ Rp. Rp. $ Rp.

48,448,964,000 48,448,964,000 155,000,000 1,000,000,000 3,889,849,200 16,376,351,389 90,000,000,000 90,000,000,000 1,000,000 60,000,000,000 60,000,000,000 1,000,000 6,914,688,525

Sifat hubungan Perusahaan Asuransi dengan Perseroan merupakan pihak ketiga.

The relationship of the Company with the insurance company is at arm's length.

Manajemen berpendapat bahwa nilai pertanggungan tersebut cukup untuk menutupi kemungkinan kerugian atas aset yang dipertanggungkan.

The management believes that the insurance coverage is adequate to cover all possible losses on the assets insured.

98







19.


Berdasarkan penelaahan Manajemen, tidak terdapat peristiwa atau perubahan keadaan yang mengindikasikan penurunan nilai aset tetap, sehingga Manajemen tidak melakukan penyisihan penurunan nilai aset tetap pada 31 Desember 2015, 2014 dan 2013.

Based on management's review, there are no events or changes in circumstances which indicated impairment of the carrying amount of the fixed assets. Management did not perform allowance of impairment of fixed assets as of 31 December 2015, 2014 and 2013.

Perseroan masih menggunakan Aset Tetap dengan nilai buku sebesar Rp116, dengan nilai perolehan sebesar Rp30.504.381.530 yang telah disusutkan sebesar Rp30.504.381.414.

The company still using fixed asset with book value IDR116, with cost value IDR30,504,381,530 after depreciated value IDR30,504,381,414.

Nilai pasar atas tanah dan bangunan yang dijaminkan sebesar Rp318.925.375.273

Market value of the land and building as collateral amounted IDR318,925,375,273

Aset dalam pelaksanaan per 31 Desember 2015, 2014 dan 2013 masing-masing sebesar Rp867.513.856.665,-; Rp25.159.710.695 dan Rp140.056.415.282,- saat ini dalam proses penyelesaian.

Asset under construction presented on 31 December 2015, 2014 and 2013 in amount of IDR867,513,856,865. IDR25,159,710,695. and IDR140,056,415,282 now under accomplishment.

Penilaian nilai wajar atas tanah dan bangunan yang dimiliki perseroan menggunakan penilaian yang dihitung oleh Penilai Independen KJPP Yanuar Bey & Rekan tertanggal 23 Desember 2015 adalah sebagai berikut:

Revaluation fair value of land and building owned by the company using valuation that has been calculated by independent appraisal KJPP Yanuar Bey & Partners dated 23 December 2015 are as follows:

Nilai Pasar/ Revaluasi/ Market Value/ Revaluation

Nilai Buku/ Book Value

Keuntungan Revaluasi/ Gain on Revaluation

Properti Investasi Tanah Bangunan

2,819,806,685

80,119,522,430

77,299,715,745

1

30,880,863,574

30,880,863,573

Investment Property Land Building

Sub Jumlah

2,819,806,686

111,000,386,004

108,180,579,318

Sub Total

Aset Tetap Tanah Bangunan

95,590,447,726 111,648,591,387

1,157,249,170,108 172,119,595,721

1,061,658,722,382 60,471,004,334

Fixed Assets Land Building

Sub Jumlah

207,239,039,113

1,329,368,765,829

1,122,129,726,716

Sub Total

Jumlah

210,058,845,799

1,440,369,151,833

1,230,310,306,034

Total

Pajak Penghasilan Final Revaluasi

(36,841,390,316) Final Income Tax of Revaluation

Jumlah

1,193,468,915,718

(Lihat Catatan No. 3n, 21, dan 37)

Total (See Notes No. 3n, 21 and 37)

99




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 20. ASET TIDAK BERWUJUD


20. INTANGIBLE ASSETS 31 Maret / March 2016


1,142,447,184

1,121,447,184

Aset tidak berwujud merupakan software akuntansi yang masih dalam proses pengembangan, prosentase jumlah tercatat terhadap nilai kontrak sebesar 33,48%, tidak ada hambatan dalam proses pelaksanaan.

Intangible assets is accounting software that is still in the process of development , the percentage of the carrying amount of the contract value of 33.48% , there is no obstacle in the process of implementation.

21. UTANG BANK - JANGKA PENDEK


Pihak Ketiga PT Bank DKI PT Bank BOT PT Bank DBS PT Bank CIMB Niaga Tbk PT UOB

101,999,985,000 100,000,000,000 30,176,048,960 20,589,964,039 1,663,197,240


254,429,195,239

SHORT TERM - BANK LOANS 31 Desember / December 2015 Third Parties PT Bank DKI PT Bank BOT PT Bank DBS

54,557,819,893 51,263,282,423 3,246,857,359 109,067,959,675-


624,073,578,036 250,000,000,000 204,143,151,194 142,516,895,700 20,000,000,000

646,989,651,500 205,000,000,000 205,034,737,872 40,250,690,534 50,000,000,000

Related Parties PT Bank Mandiri (Persero) Tbk PT BNI (Persero) Tbk PT BRI (Persero) Tbk PT Bank Syariah Mandiri PT Bank BTN (Persero) Tbk


1,240,733,624,930

1,147,275,079,906


Jumlah Utang Bank - Jangka Pendek a. PT Bank DKI

1,495,162,820,169

1,256,343,039,581

Total Short Term - Bank Loans

Pihak Berelasi PT Bank Mandiri (Persero) Tbk PT BNI (Persero) Tbk PT BRI (Persero) Tbk PT Bank Syariah Mandiri PT Bank BTN (Persero) Tbk

a. PT Bank DKI

PT UOB



Utang kepada PT Bank DKI merupakan pinjaman atas fasilitas Kredit Modal Kerja (KMK) Revolving dan Non Cash Loan (NCL), sesuai dengan surat PT Bank DKI No.413/GKK/V/2013 tanggal 27 Mei 2013 tentang Surat Pemberitahuan Persetujuan Kredit (SPPK) kepada PT Pembangunan Perumahan (Persero) Tbk, fasilitas tersebut telah diperpanjang dengan surat No.909/GKK/VII/2015 tanggal 06 Juli 2016 terhitung mulai 29 Mei 2015 sampai dengan 29 Mei 2016 dengan ketentuan dan syarat-syarat sebagai berikut:

The loan facility from PT Bank DKI is a Working Capital Loan Revolving, Cash and Non Cash Loan (NCL) based on the letter from PT Bank DKI No. 413/GKK/V/2013 dated 27 May 2013 on credit facility offering (SPPK), By the letter No.909/GKK/VII/2015 dated 6 July 2015 the facility was extended effective 29 May 2015 until 29 May 2016. under the following terms and conditions:

100





21.

a. PT Bank DKI


= 10% per tahun.

-Interest rate

2) Fasilitas Kredit Modal Kerja (KMK) - PRK - Limit Kredit = Rp175.000.000.000,-. - Tujuan Penggunaan = Kebutuhan Operasional Perusahaan. - Tingkat Bunga

SHORT TERM - BANK LOANS (continued) a. PT Bank DKI

1) Fasilitas KMK - Transaksional - Limit Kredit = Rp125.000.000.000,-. - Tujuan = Tambahan modal kerja untuk Penggunaan mengerjakan proyek-proyek APBN, APBD dan Swasta. - Tingkat Bunga


2) Working Capital Facility - PRK -Credit Limit = IDR175,000,000,000. -Purpose of Use = Operational needs Company.

= 10% per tahun.

3) Fasilitas LC & SKBDN - Limit Kredit = - Jenis Bank = Garansi - Provisi =

= 10% p.a.

-Interest rate

of

the

= 10% p.a.

3) LC & SKBDN Facility -Credit Limit = IDR100,000,000,000. -Type of Bank = Procurement projects . Guarantee -Provision = 0.30% p.q (of nominal L/C) plus the cost of telex/SWIFT does not include confirming the fee if any.

Rp100.000.000.000,-. Pengadaan barang proyekproyek. 0,30% p.q (dari nominal L/C) ditambah biaya telex/SWIFT belum termasuk confirming fee bila ada.

Fasilitas kredit pada entitas anak - PT PP Pracetak : Utang Bank Jangka Pendek kepada Bank DKI sesuai Surat No.370/GKK/V/2014 tanggal 5 Mei 2014 perihal Perjanjian Kredit Modal Kerja. Fasilitas tersebut telah diperpanjang dan terakhir dengan surat No. 897/GKK/VII/2015 tanggal 1 Juli 2015 terhitung mulai 29 Mei 2015 sampai dengan 29 Mei 2016, dengan ketentuan dan syarat-syarat sebagai berikut:

Credit facility in subsidiary - PT PP Pracetak : Short-Term Bank Debt to Capital City Bank in accordance Letter 370 / GKK / V / 2014 dated May 5, 2014 Working Capital Loan Agreement subject to the following requirements. The facility is extendable and the latest was with the letter No. 897/GKK/VII/2015 dated 1 July 2015 the facility was extended effective 29 May 2015 until 29 May 2016, under the following terms and condition:

1) Fasilitas KMK - Transaksional - Limit Kredit = Rp28.000.000.000,-. - Tujuan = Tambahan modal kerja untuk Penggunaan mengerjakan proyek-proyek APBN, APBD dan Swasta.


- Tingkat Bunga

= 11,75% per tahun.

-Interest rate

101

= 11,75% p.a.







21.

a. PT Bank DKI

a. PT Bank DKI

2) Fasilitas Kredit Modal Kerja (KMK) - PRK - Limit Kredit = Rp2.000.000.000,-. - Tujuan = Tambahan modal kerja untuk Penggunaan mengerjakan proyek-proyek APBN, APBD dan Swasta. - Tingkat Bunga


2) Working Capital Facility - PRK -Credit Limit = IDR2,000,000,000. -Purpose of Use = Additional working capital to work government and Private Project.

= 11,75% per tahun.

-Interest rate

3) Fasilitas Bank Garansi - Limit Kredit = Rp20.000.000.000,-. - Jenis Bank = Bank Garansi Tender, Uang Garansi Muka, Pelaksanakan Pekerjaan, Pemeliharaan, dan Pembayaran. - Provisi = a. Bank Garansi Tender 0,25% per triwulanan.

= 11,75% p.a.

3) Bank Guarantee Facility -Credit Limit = IDR20,000,000,000. -Type of Bank = Tender Bond, Advance Bond, Guarantee Performance Bond, Retention Bond, Payment Bond. -Provision

= a. Tender Bond quarterly.

0.25%

per

0.5%

per

b. Bank Garansi Uang Muka 0,5% per triwulanan.

b. Advance quartely.

c. Bank Garansi Pelaksanaan Pekerjaan 0,5% per triwulanan. d. Bank Garansi Pembayaran

c. Performance Bond 0.5% per quartely.

0,5% per triwulanan. e. Bank Garansi Pemeliharaan 0,5% per triwulanan. Jaminan atas fasilitas-fasilitas yang diberikan oleh PT Bank DKI adalah sebagai berikut:

Bond

d. Retention quartely.

Bond

0.5% per

e. Payment quartely.

Bond

0.5%

per

Collateral for the facilities provided by PT Bank DKI is as follows:

- Tagihan proyek yang diikat secara fidusia dan cessie. - Deposito sebesar Rp5.000.000.000,-. b. PT Bank BOT

- Bills projects tied fiduciary and cessie. - Deposits amount IDR5,000,000,000. b. PT Bank BOT



Sesuai dengan akta no.16-0137LN tanggal 22 Maret 2016 perihal perjanjian kredit modal kerja dengan persyaratan sebagai berikut:

In accordance with no.16-0137LN deed dated 22 March 2016 concerning working capital credit agreement with the following requirements :

-

Plafon Pinjaman Masa Pinjaman Tingkat Margin Jaminan

= = = =

Rp 500.000.000.000,1 tahun 1,85% Piutang Usaha

-

102

The Loan Ceiling Period Loans Margin Rate Guarantee

= = = =

IDR 500,000,000,000 1 year 1,85% Account Receivables







21.

c. PT Bank DBS

c. PT Bank DBS Adalah utang bank atas Entitas Anak PT PP Pracetak, sesuai akta no.13 tanggal 10 Juli 2014 perihal perjanjian kredit modal kerja dengan persyaratan sebagai berikut: -

Plafon Pinjaman Masa Pinjaman Tingkat Bunga Jaminan


= = = =

The bank debt on Subsidiary PT PP Precast, according deed no.13 dated July 10, 2014 concerning the working capital loan agreement with the following requirements:

Rp 100.000.000.000,1 tahun 11,56% Pengikat jaminan sesuai dengan akta no.13 tentang pengikat secara cessie, jaminan perusahaan.

-

d. Bank UOB Adalah utang bank atas Entitas Anak PT PP Peralatan. Pinjaman pada Bank UOB merupakan pinjaman investasi, dengan tingkat bunga efektif 11% per tahun, jangka waktu 60 bulan, dengan jaminan aset bekisting dan kolom service senilai Rp12.615.563.463,61, satu cranes senilai Rp3.817.489.030, serta primary dan secondary speed senilai Rp7.561.213.143.

The Loan Ceiling Period Loans Interest Rate Guarantee

= = = =

IDR 100,000,000,000 1 year 11,56% The binder according to the deed guarantees about the binder cessie no.13, assurance companies.

d Bank UOB Is Loan for subsidiary company PT PP Peralatan. The loan from Bank UOB is a investment loan with an interest rate of 11% per annum, for 60 months, the collateral to the loan is bekisting and colom service assets amounted to IDR12,615,563,463.61, a cranes amounted IDR3,817,489,030, and primary and secondary speed amounted IDR7,561,213,143. e. PT Bank Mandiri (Persero) Tbk

e. PT Bank Mandiri (Persero) Tbk Fasilitas kredit pada induk perusahaan - PT PP (Persero) Tbk:


Utang kepada PT Bank Mandiri (Persero) Tbk merupakan pinjaman atas fasilitas Kredit Modal Kerja (KMK) Revolving, Cash Loan, dan Non Cash Loan (NCL), sesuai dengan akte perjanjian modal kerja No.33 tanggal 16 Mei 2000 notaris Raharti Sudjardjati SH dan surat PT Bank Mandiri (Persero) Tbk No.CBG.ONE/45/2005 tentang surat Penawaran Pemberian Kredit kepada PT Pembangunan Perumahan (Persero) untuk perpanjangan masa fasilitas kredit modal kerja, tambahan plafon fasilitas non cash loan dan izin penerbitan medium term notes. Fasilitas tersebut dapat diperpanjang dan terakhir dengan Surat PT Bank Mandiri (Persero) Tbk No.TOP.CRO/CLA.086, 283, 284 & 285/ADD/2015 tanggal 13 Mei 2015, terhadap fasilitas tersebut diatas dilakukan perpanjangan sampai dengan tanggal 15 Mei 2016.

The loan facility from PT Mandiri Bank (Persero) Tbk is a working Capital Loan - Revolving, Cash and Non Cash Loan (NCL) under the deed No.33 dated 16 May 2000 of the notary Raharti Sudjardjati SH and the letter from PT Bank Mandiri (Persero) Tbk No.CBG.ONE/45/2005 on credit offer to the Company for extension of the working capital loan facility period, non cash loan additional facility and permit for issuance medium term notes. The facility is extendable and the latest was with the letter from PT Bank Mandiri (Persero) Tbk No.TOP.CRO/CLA.086, 283, 284 & 285/ADD/2015 date 13 May 2015, the facility was temporary extended until 15 May 2016.

1) Fasilitas Kredit Modal Kerja (KMK) - Revolving - Limit Kredit = Rp100.000.000.000,-. - Tujuan = Pembiayaan modal kerja Penggunaan usaha jasa-jasa konstruksi dan properti.

1 Working Capital Loan Facility - Revolving ) -Credit Limit = IDR100,000,000,000. -Purpose of Use = Working capital of construction and property business activitie.

103





21.


- Tingkat Bunga

= 10% per tahun, dibayar efektif setiap bulan dan dapat berubah sesuai ketentuan yang berlaku di PT Bank Mandiri (Persero) Tbk.

-Interest Rate


- Jaminan

= Non Aset Tetap: - Piutang Usaha. - Persediaan bahan - bangunan. Omzet kontrak proyek diikat secara cessie.

-Guarantee

= Non Fixed Asset: - Account Receivable - Trade. - Inventories of building material. - Projects revenues bounded cessie.

- Surat Deposito Berjangka senilai Rp15.200.000.000,diikat secara gadai.

- Time Deposits amounted to IDR15,200,000,000 bounded by fiduciary.

Aset Tetap: - 37 (tiga puluh tujuh) bidang tanah berikut bangunan.

Fixed Asset: - 37 (thirty seven) pieces of land and buildings thereon.



2) Fasilitas KMK - Transaksional - Limit Kredit = Rp1.500.000.000.000,-. - Tujuan Penggunaan= Tambahan modal kerja. - Tingkat Bunga = 9,78% per tahun, dibayar efektif setiap bulan dan dapat berubah sesuai ketentuan yang berlaku di PT Bank Mandiri (Persero) Tbk. - Jaminan

2 Working Capital Facility - Transactional ) -Credit Limit = IDR1,500,000,000,000. -Purpose of Use = Additional working capital. -Interest Rate = 9.78% per annum, payable effectively monthly and is adjustable in conformity with the prevailing regulations.

= Non Aset Tetap: - Tagihan / piutang proyek yang dibiayai dengan fasilitas KMK Transaksional (piutang tersebut juga untuk menjamin fasilitas KMK Revolving dan NCL). Aset Tetap: - Dikaitkan dengan jaminan fasilitas KMK Revolving dan NCL.

-Guarantee

104

= Non Fixed Asset: - Receivables from projects funded with the transactional working capital loan facility (the receivables are also for guarantee of Working Capital Loan (KMK) Revolving and NCL). Fixed Asset: - Related to revolving working capital loan facility (KMK) and NCL.





21.

3) Fasilitas KMK - Subkontraktor - Limit Kredit = Rp100.000.000.000,-. - Tujuan = Plafond pembiayaan atas Penggunaan tagihan Subkontraktor kepada PT PP (Persero), Tbk yang dikelola Commercial Banking dan pembiayaan atas tagihan SCF. - Tingkat Bunga = 10% per tahun, dibayar efektif setiap bulan dan dapat berubah sesuai ketentuan yang berlaku di PT Bank Mandiri (Persero) Tbk. - Jaminan

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) SHORT TERM - BANK LOANS (continued) 3 Working Capital Loan Facility- Subcontractor ). -Credit Limit = IDR100,000,000,000. -Purpose of Use = Funding ceiling upon payable of subcontractors by PT PP (Persero), Tbk which is managed by Commercial Banking and for SCF funding.

= Dikaitkan dengan agunan fasilitas kredit PT PP (Persero), Tbk di Bank Mandiri lainnya.


-Interest Rate


-Guarantee



4) Fasilitas Non Cash Loan (NCL) . - Limit Kredit = Rp7.000.000.000.000,-. - Tujuan = a. Bank Garansi. Penggunaan Jaminan penawaran, pelaksanaan, uang muka, pemeliharaan,pembayaran, counter guarantee, penangguhan bea masuk.

4 Non Cash Loan Facility ) -Credit Limit = IDR7,000,000,000,000. -Purpose of Use = a Bank Guarantee. . Bid Bond, Performance Bond, Advance Bond, , Retention Bond, Payment Bond, Counter Guarantee and Custom Bond.

b. LC/SKBDN. c. Switchable untuk penerbitan BG dan LC/SKBDN. Total outstanding SKBDN/LC termasuk akseptasi maksimal sebesar Rp2.600 miliar dengan sublimit TR sebesar Rp780 miliar. = Dikaitkan dengan agunan fasilitas kredit PT PP (Persero), Tbk di Bank Mandiri lainnya.

b LC/SKBDN. . Switchable for publishing BG and LC / SKBDN. Total outstanding SKBDN / LC including acceptances maximum of IDR2,600 billion by sublimit TR IDR780 billion.

- Jaminan

-Guarantee

105






21.

5) Fasilitas Treasury Line - Limit Kredit = USD31.500.000,-. - Tujuan = Untuk transaksi treasury Penggunaan dalam rangka membayar/ melunasi kewajiban LC Impor / SKBDN yang akan jatuh tempo. - Jaminan

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) SHORT TERM - BANK LOANS (continued) 5 Treasury Line Facility ) -Credit Limit = USD31,500,000. -Purpose of Use = For treasury transactions in order to pay / settle the LC obligation Import / SKBDN maturing.

= Terkait dengan fasilitas KMK dan atas jaminan tersebut berlaku cross collateral dan cross default dengan seluruh fasilitas yang ada.

-Guarantee

= Related with Working Capital Loan Facilities and based on the guarantee is valid cross collateral and cross default with all existing facilities.

Fasilitas kredit pada entitas anak - PT PP Peralatan :


Pada tahun 2008 perusahaan mendapat fasilitas kredit sebesar Rp450.000.000 dari Bank Mandiri dengan perjanjian kredit No. SBDC.Desk.JPR/0039/2014 tanggal 1 Juni 2014 dengan tingkat bunga 1,5% p.a floating rate diatas suku bunga deposito yang dijaminkan, jatuh tempo pinjaman ini adalah bulan September 2015 hingga per 31 Desember 2015 menyisakan saldo kredit sebesar Rp 0,-.

In 2008 the company received a credit facility from Bank Mandiri amounting IDR450,000,000 the credit agreement No. SBDC.Desk.JPR / 0039/2014 dated June 1, 2014 with an interest rate of 1.5% pa interest rate on floating rate deposits as collateral, these loans are maturing in September 2015 so that by 31 December 2015, leaving a credit balance of IDR 0.



Fasilitas kredit pada entitas anak - PT PP Pracetak

Credit facility in subsidiary - PT PP Pracetak

Utang kepada Bank Mandiri sesuai dengan Akta No. 29 tanggal 12 Juni 2015 perihal Perjanjian Kredit Modal Kerja, dengan ketentuan dan syarat-syarat sebagai berikut:

A short term bank loans from Mandiri Bank in accordance with deed number 29 dated June12, 2015 on Working Capital Loan Agreement Subject under the following terms and conditions:

-


= = = =

Rp. 20.000.000.000,1 tahun 10,25% Pengikatan jaminan sesuai Akta No. 29 tentang pengikatan secara cessie

-Credit Limit -Loan Period -Rate of Interest -Guarantee

106

= = = =

IDR20,000,000,000. 1 Year 10,25% As set out in the Deed Number 29, the company guarantee.





21.

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) SHORT TERM - BANK LOANS (continued) f. PT Bank Negara Indonesia (Persero) Tbk

f. PT Bank Negara Indonesia (Persero) Tbk Fasilitas kredit pada induk perusahaan - PT PP (Persero) Tbk:


Utang kepada PT Bank Negara Indonesia (Persero) Tbk merupakan pinjaman atas fasilitas Kredit Modal Kerja (KMK) Revolving, KMK Line Transaksional dan Fasilitas Non Cash Loan sesuai dengan surat Penawaran Fasilitas Kredit No.BIN/2.1/040/R tanggal 26 April 2012. Jangka waktu terhitung mulai tanggal 08 Juni 2011 sampai dengan tanggal 07 Juni 2012. Fasilitas kredit tersebut telah diperpanjang terakhir dengan surat No.BIN/2.2/070/R tanggal 06 Mei 2015 terhitung mulai tanggal 08 September 2015 sampai dengan 07 Juni 2016, dengan ketentuan dan syarat-syarat sebagai berikut:

The loan from PT Bank Negara Indonesian Tbk is a Revolving Working Capital Loan facility, WCL Line transactional and Non Cash Loan Facility based on the offering letter of PT Bank Negara Indonesia Tbk No.BIN/2.1/040/R dated 26 April 2012. Time Period is from 08 June 2011 and due date 07 June 2012. in reference to the letter No.BIN/2.2/070/R dated 06 May 2015. The loan facility was extended effective 08 September 2015 up to 07 June 2016 with the following conditions:

1. Kredit Modal Kerja (KMK Line) - Limit Kredit = Rp650.000.000.000,-. - Tujuan = Tambahan Modal Kerja proyekPenggunaan proyek yang telah dan akan dimenangkan.

1 Working Capital Loan Line . -Credit Limit = IDR650,000,000,000. -Purpose of Use = Additional working capital on awarded and to be awarded projects.

- Tingkat Bunga

= 9,80% per tahun, tarif bunga tersebut dapat berubah sesuai ketentuan yang berlaku di PT Bank Negara Indonesia (Persero) Tbk.

-Interest Rate

= 9.80% p.a, the interest rates is adjustable in conformity with the prevailing regulations.

- Jaminan

= Tagihan termin atas proyekproyek yang dibiayai dengan fasilitas kredit ini diikat secara cessie.

-Guarantee

= The bill terms of the projects financed under the credit facility is tied cessie

2. Kredit Modal Kerja R/C Terbatas - Limit Kredit = Rp100.000.000.000,-. - Tujuan = Tambahan Modal Kerja proyekPenggunaan proyek yang telah dan akan dimenangkan. - Tingkat Bunga

- Jaminan

2 Working Capital Loan R/C Limited . -Credit Limit = IDR100,000,000,000. -Purpose of Use = Additional working capital on awarded and to be awarded projects.

= 10% per tahun, tarif bunga tersebut dapat berubah sesuai ketentuan yang berlaku di PT Bank Negara Indonesia (Persero) Tbk. = Piutang termin atas proyek yang tidak dibiayai dengan menggunakan fasilitas plafond KMK.

107

-Interest Rate

= 10% p.a, the interest rates is adjustable in conformity with the prevailing regulations.

-Guarantee

= Receivables from projects which is not funded by WCL plafond facility.




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 21. UTANG BANK - JANGKA PENDEK (lanjutan) 3. Non Cash Loan - Limit Kredit - Tujuan Penggunaan

21.

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) SHORT TERM - BANK LOANS (continued) 3 Non Cash Loan . -Credit Limit -Purpose of Use

= Rp3.200.000.000.000,-. = a. Garansi Bank / SBLC. Untuk keperluan penjaminan tender / uang muka / pelaksanaan / pemeliharaan / pembayaran proyekb. SKBDN / LC. Pembelian barang kebutuhan proyek.

b. SKBDN / LC. Purchase of goods needs of the project.

c. Fasilitas Trust Receipt (T/R). Untuk menampung pembayaran kewajiban yang timbul atas LC / SKBDN yang dibuka secara sight atau usance. 4. Forex Line USD - Limit Kredit - Tujuan Penggunaan

= IDR3,200,000,000,000. = a. Bank Guarantee / SBLC. For the purposes of the tender guarantee / advance / performance / retention / payment projects.

c. Trust Receipt Facility (T/R). To accommodate the payment payable arising from the LC / SKBDN opened sight or extending usance. 4 Forex Line USD . -Credit Limit -Purpose of Use

= USD100,000,000. = Lindung Nilai (Hedging) yang tidak untuk tujuan spekulasi.

g. PT Bank Rakyat Indonesia (Persero) Tbk Fasilitas kredit pada induk perusahaan - PT PP (Persero) Tbk:

= USD100,000,000. = Hedging are not for speculative purposes.

g PT Bank Rakyat Indonesia (Persero) Tbk . Credit facilities in parent company - PT PP (Persero) Tbk:

Utang pada PT BRI (Persero), Tbk merupakan utang atas KMK R/K, KMK Konstruksi, NCL dan PJI sesuai akta perjanjian kredit nomor 02 tanggal 7 Juli 2006 yang dibuat di hadapan Emi Susilowati, SH, notaris di Jakarta. Fasilitas tersebut dapat diperpanjang, terakhir sesuai surat nomor R.II.188-ADK/DKR-2/06/2015 tanggal 26 Juni 2015 terhitung mulai tanggal 7 Juni 2015 sampai dengan 07 Juni 2016, dengan ketentuan sebagai berikut :

The loan from PT BRI (Persero), Tbk is a working capital loan (WCL) and construction WCL, NCL and PJI under the deed No.02 dated 7 July 2006 of the notary Emi Susilowati SH in Jakarta. The facility is extendable, the latest was by the letter R.II.188-ADK/DKR-2/06/2015 dated 26 June 2015. The loan facility was extended effective 7 June 2015 up to 7 June 2016 with the following details:

1. Kredit Modal Kerja (KMK R/K) - Limit Kredit = Rp100.000.000.000,-. Tujuan Penggunaan = Modal Kerja Operasional. - Tingkat Bunga = 9,5% per tahun, tarif bunga tersebut dapat berubah sesuai ketentuan yang berlaku di PT Bank Rakyat Indonesia (Persero) Tbk.

1 Working Capital Loan Line . -Credit Limit = IDR100,000,000,000. -Purpose of Use = Operational Working Capital. -Interest Rate = 9,5% p.a, the interest rates is adjustable in conformity with the prevailing regulations.

108




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 21. UTANG BANK - JANGKA PENDEK (lanjutan) - Jaminan

21.

= - Piutang usaha senilai Rp300.000.000.000,- yang diikat secara fidusia.

= - Trade receivables amounting IDR300,000,000,000 bound of fiduciary.

- Piutang usaha senilai Rp3.720.000.000.000,yang diikat secara cessie.

- Trade receivables amounting IDR3,720,.000,000,000 bound of cessie.

- Tanah dan bangunan di Jl. Lingkar Timur Desa Kemiri, Kec. Sidoarjo HT I No.3189/2006 dan HT II No.6699/2009.

- Land and building on Jl. Linhkar Timur, Kemiri, Sidoarjo HT I No.3189 / 2006 and HT II No.6699 / 2009.

- Deposito sebesar Rp15.000.000.000,-.

- Deposits IDR15,000,000,000.

amount

2 Working Capital Loan Line . -Credit Limit = IDR300,000,000,000. -Purpose of Use = Working Capital Projects. -Interest Rate = 9,5% p.a, the interest rates is adjustable in conformity with the prevailing regulations.

= Terkait dengan fasilitas KMK.

-Guarantee

g. PT Bank Rakyat Indonesia (Persero) Tbk Fasilitas kredit pada induk perusahaan - PT PP (Persero) Tbk: 3. Bank Garansi - Limit Kredit - Tujuan Penggunaan

SHORT TERM - BANK LOANS (continued) -Guarantee

2. Kredit Modal Kerja (KMK Konstruksi) - Limit Kredit = Rp300.000.000.000,-. - Tujuan Penggunaan= Modal Kerja Proyek. - Tingkat Bunga = 9,5% per tahun, tarif bunga tersebut dapat berubah sesuai ketentuan yang berlaku di PT Bank Rakyat Indonesia (Persero) Tbk. - Jaminan


= Associated with Working Capital Loan facility. g PT Bank Rakyat Indonesia (Persero) Tbk . Credit facilities in parent company - PT PP (Persero) Tbk:

= Rp2.800.000.000.000,-. = Penerbitan jaminan tender, uang muka, jaminan pelaksanaan dan pemeliharaan.

3 Bank Guarantee (BG) . -Credit Limit = IDR2,800,000,000,000. -Purpose of Use = Bidding guarantee, advance payment guarantee, and working performance and maintenance guarantee.

4. Kredit Modal Kerja Impor (KMKI) - Limit Kredit = Rp1.300.000.000.000,-. - Tujuan = Untuk membackup fasilitas PJI Penggunaan dan menampung LC/SKBDN yang telah jatuh tempo.

4 Working Capital Loan Impor . -Credit Limit = IDR1,300,000,000,000. -Purpose of Use = For Backup the ISP facilities and accommodate LC / SKBDN that has matured.

- Tingkat Bunga

= 9,5% per tahun, tarif bunga tersebut dapat berubah sesuai ketentuan yang berlaku di PT Bank Rakyat Indonesia (Persero) Tbk.

-Interest Rate

109

= 9,5% p.a, the interest rates is adjustable in conformity with the prevailing regulations.





21.


5. PJI (LC/SKBDN) - Limit Kredit = Rp1.170.000.000.000,-. - Tujuan Penggunaan= Untuk pembelian barang. - Biaya Akseptasi = 0,125% per 180 hari, minimal USD25.

5 PJI (LC/SKBDN) . -Credit Limit -Purpose of Use -Interest Rate



Adalah Pinjaman modal kerja dari BRI Kanwil Jakarta 2 dengan plafon pinjaman sebesar Rp20.709.001.416,dengan tingkat bunga 11% pertahun dengan jatuh tempo 27 Juni 2015 dengan jaminan SPK yang dikeluarkan dan di setujui oleh PT PP (Persero) Tbk dan jaminan tambahan pembayaran termin atas proyek yang dibiayai, dan Pimjaman pada KMK BRI Cibubur revolving sebesar Rp2.000.000.000,- dengan tingkat bunga 11% pertahun dengan jaminan tanah seluas 5.043 m2, SHGB No.20015 di Sudiang Makasar atas nama YKKPP jatuh tempo pada Juni 2016.

Is working capital loan from BRI Jakarta Regional Office 2 with a loan ceiling of IDR20,709,001,416 with an interest rate of 11% pa with a maturity of 27 June 2015 with the assurance SPK issued and approved by PT PP (Persero) Tbk and additional guarantees payment terms on projects funded, and the KMK BRI Pimjaman revolving Cibubur of IDR2,000,000,000, - with an interest rate of 11% pa with guarantees of land area of 5,043 m2, HGB Sudiang No.20015 in Napier on behalf YKKPP maturing in June 2016.

h. PT Bank Syariah Mandiri Fasilitas kredit pada induk perusahaan - PT PP (Persero) Tbk:

= IDR1,170,000,000,000. = For the purchase of goods. = 0.125% per 180 days, a minimum of $25.

h PT Bank Syariah Mandiri . Credit facilities in parent company - PT PP (Persero) Tbk:

Fasilitas dari PT Bank Syariah Mandiri berupa fasilitas pembiayaan modal kerja proyek dan fasilitas pembiayaan modal kerja subkontraktor/supplier/mandor, sesuai dengan surat Penegasan Persetujuan Perpanjangan dan Peningkatan Limit pembiayaan Bank Syariah Mandiri No.16/070-3/SP3/CRD tanggal 9 Mei 2014 terhitung mulai 02 Juli 2014 sampai dengan 01 Juli 2016.

Facility from PT Bank Syariah Mandiri is working capital financing facility projects and working capital financing facilities subcontractors / suppliers / foreman, according to the letter of affirmation of Approval Extension and Improvement of financing Limit Bank Syariah Mandiri No.16 / 070-3 / SP3 / CRD dated 9 May 2014 starting from July 2, 2014 until July 1, 2016.

1) Pembiayaan Modal Kerja Proyek - Limit Kredit = Rp250.000.000.000,- Jenis Pembiayaan= Waad/Line Facility switchable seluruh skim (murabahah, musyarakah, hawalah, kafalah, wakalah)

1) Working Capital Financing Project -Credit Limit = IDR250,000,000,000 -Type of Financing = Waad/Line Facility switchable entire skim (murabahah, musyarakah, hawalah, kafalah, wakalah)

- Jaminan

= Piutang usaha Rp250.000.000.000,diikat secara fidusia.

senilai yang

-Guarantee

2) Pembiayaan Modal Kerja Subkontraktor/Supplier/Mandor - Limit Kredit = Rp300.000.000.000,- Jenis Pembiayaan= Line Facility (Al-Musyarakah) - Jaminan = Tagihan efektif yang telah diendors.

= Trade receivables worth IDR250,000,000,000 that are bounded in fiduciary.

2) Working Capital Financing Subcontractor/Supplier/Foreman -Credit Limit = IDR300,000,000,000 -Type of Financing = Line Facility (Al-Musyarakah) -Guarantee = Effective bill that has been inendors.

110





21.


Fasilitas dari PT Bank Syariah Mandiri berupa pembiayaan Al Musyarakah dengan limit Rp80.000.000.000 (delapan puluh milyar rupiah), sesuai dengan surat Penegasan Persetujuan Pembiayaan Bank Syariah Mandiri No.16/400-3/SP/CRD tanggal 17 September 2014, nisbah bagi hasil dicadangkan di muka selama pembiayaan.

The funding facility from PT Bank Syariah Mandiri is a Al Musyarakah facility of maximum IDR80,000,000,000 (eighty billions Rupiah), based in the loan agreement No.16/4003/SP/CRD dated 17 September 2014, nisbah profit sharing is reserved in advance during financing.

Fasilitas kredit pada entitas anak - PT PP Peralatan: Pinjaman ini merupakan pinjaman dengan jenis pembiayaan Almurobahah dengan ekspektasi rate mulai bulan ke 4, tingkat bunga 10%-15% termasuk jasa p.a effective, jatuh tempo pinjaman tanggal 28 Nopember 2016, dengan jaminan seluruh aset jenis scaffolding dan pch.

Credit facilities in subsidiary - PT PP Peralatan: This loan is a loan with this type of financing Almurobahah with rate expectations started 4 months, interest tungkat 10% 15% effective pa including services, loan maturity date of 28 November 2016, with the guarantee of all assets types of scaffolding and pch.

Fasilitas kredit pada entitas anak - PT PP Pracetak Utang kepada Bank Syariah Mandiri sesuai dengan Perjanjian Kredit No. 17/034/CBI-FOG/III/2015/MSYRPDB tanggal 27 Maret 2015, dengan ketentuan sebagai berikut: - Limit Kredit = Rp. 10.000.000.000,- Masa Pinjaman = 1 tahun - Tingkat Bunga = 10,25% diatas bunga deposito - Jaminan = Piutang penjualan tiang pancang i. PT Bank BTN

Credit facilities in subsidiary - PT PP Pracetak A short term bank loans from Bank Syariah Mandiri in accordance with Agreement Number 17/034/CBIFOG/III/2015/MSYR-PDB dated 27 March 2015 under the following provisions: -Credit Limit = IDR10,000,000,000. -Loan Period = 1 Year -Rate of Interest = 10,25% above the deposit rate -Guarantee = Receivables from pile manufacturing sales i. PT Bank BTN

Adalah utang bank atas Entitas Anak PT PP Pracetak, sesuai dengan surat perjanjian kredit No.32 tanggal 14 Mei 2012, dirubah dengan akta No.2, Notaris H. Bambang Suprianto, S.H. tanggal 1 Agustus 2013 perihal perjanjian kredit modal kerja. Akta terakhir No.77, notaris H. Bambang Suprianto, S.H., Sp.N., M.H. tanggal 11 September 2015 dengan ketentuan sebagai berikut:

Is the bank debt on Subsidiary PT PP Pracetak, according to the letter of credit agreement No.32 dated 14 May 2012, is amended by deed No.2, Notary H. Bambang Suprianto, SH dated 1 August 2013 regarding working capital loan agreement. The last is No.77, notary H. Bambang Suprianto, SH, Sp.N., MH 11 September 2015, with the following provisions:

- Limit Kredit - Cash Loan - Non Cash Loan - Masa Pinjaman - Tingkat Bunga - Jaminan

- Credit Limit -Cash Loan -Non Cash Loan - Loan period - Interest Rate - Guarantee

= = = = =

Rp50.000.000.000 Rp50.000.000.000 1 Tahun 12% Tagihan perusahaan yang diikat secara cessie, jaminan perusahaan.

(Lihat Catatan No. 3e, 5, 6, 10, 19, 20 dan 45)

= = = =

IDR50.000.000.000 IDR50.000.000.000 1 Year 12% Company bills under cessie, company guarantee.

(See Notes No.3e, 5, 6, 10, 19, 20 and 45)

111




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 22. UTANG NON BANK


Pihak Berelasi Lembaga Pembiayaan Ekspor Indonesia Jumlah Utang Non Bank

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) NON BANK LOANS


678,484,103,585

401,594,722,960

678,484,103,585

401,594,722,960

Utang kepada LPEI/ Indonesia Exim Bank (IEB) merupakan pinjaman atas fasilitas KMKE Transaksional dan Non Cash Loan (NCL), sesuai dengan surat No.PBD/SP3/55/2013 tanggal 11 Juli 2013 tentang surat Persetujuan Pengefektifan Fasilitas Pembiayaan Kredit Modal Kerja Ekspor (KMKE) kepada PT Pembangunan Perumahan (Persero) Tbk. Atas fasilitas tersebut telah diperpanjang berdasarkan nomor surat No.PBD/SP3/11/2015 tanggal 25 Pebruari 2015 sampai dengan 26 Maret 2016.

Related Parties Short-Term Lembaga Pembiayaan Ekspor Indonesia Total Non Bank Loans

The loan facility from LPEI/ Indonesia Exim Bank (IEB) is a KMKE Transactional and Non Cash Loan (NCL), under a letter dated July 11, 2013 No.PBD/SP3/55/2013 about Approval improve the effectiveness of the Credit Facility Financing Export Working Capital (KMKE) PT Pembangunan Perumahan (Persero) Tbk. The facility has been extended by a number No.PBD/SP3/11/2015 letter dated February 25, 2015 until 26 March 2016.

22. UTANG NON BANK (lanjutan)

22.

1) Fasilitas Kredit Modal Kerja Ekspor (KMKE) dan NCL

NON BANK LOANS (continued) 1) Export Working Capital (KMKE) and Non Cash Loan Facility

Tujuan penggunaannya untuk pembiayaan modal kerja ekspor proyek luar negeri yang terkait / menunjang perdagangan internasional (ekspor) dengan limit Rp 2.000.000.000.000 (Dua Trilyun Rupiah), suku bunga 9,50% per tahun dibayar efektif setiap bulan dan dapat berubah sesuai ketentuan yang berlaku.

The purposes of the facility is for export working capital financing overseas projects related / supporting international trade (exports) with a limit of IDR 2,000,000,000,000 (two trillion rupiahs), interest rate of 9.50% per annum, payable effectively monthly and is adjustable in conformity with the prevailing regulations.

Agunan atas fasilitas kredit tersebut adalah sebagai berikut: - Piutang atas kontrak yang dibiayai dan atau dijamin

The collaterals to the credit facility are: - Receivables and contract financed or guaranteed by LPEI

oleh LPEI minimal sebesar 125% dari total plafon. - Untuk setiap pencairan, Debitur harus melakukan pengikatan jaminan piutang atas proyek yang dibiayai, dimana daftar piutang yang dijaminkan harus dilakukan pembaharuan sesuai dengan proyek yang dibiayai selanjutnya didaftarkan fidusia.

minimum of 125% of the total ceiling. - For each disbursement, the Borrower shall perform binding assurance of projects financed receivables, where the list of accounts receivable as collateral must be done in accordance with the renewal project funded fiduciary subsequently registered.

112




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 22. UTANG NON BANK (lanjutan)

22.

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) NON BANK LOANS (continued)



Pinjaman pembiayaan modal kerja ekspor dari LPEI, sesuai dengan akta Perjanjian Kredit Modal Kerja Ekspor No.15 tanggal 16 April 2013 dan No.8 tanggal 14 April 2014 notaris Ashoya Ratam S.H., M.kn.

Export working capital loan of LPEI, in accordance with the deed of Export Working Capital Loan Agreement No.15 dated 16 April 2013 and No.8 dated 14 April 2014, Ashoya Ratam SH notary, M.Kn.

Fasilitas tersebut telah diperpanjang dengan surat perjanjian No. PDB/SP3/23/2015 tanggal 13 April 2015 dengan ketentuan sebagai berikut:

The facilities have been extended by agreement letter Number PDB/SP3/23/2015 dated 13 April 2015 with the following provisions:

1. Fasilitas Kredit Modal Kerja Expor Untuk pembangunan tiang pancang yang terkait infrastruktur pendukung ekspor. Dengan plafon Rp10.000.000.000 (sepuluh milyar rupiah) jangka waktu 12 bulan dengan tingkat bunga 10,75%.

1 Export Working Capital Facility For construction of pile ralated with infrastructure supporting for export. With plafond IDR10,000,000,000 (ten billion rupiahs) 12 months with interest rate 10,75%.

Jaminan atas fasilitas kredit tersebut adalah sebagai berikut: - Piutang proyek Kalibaru - Bangunan Pabrik Tiang pancang, mesin dan peralatan pabrik tiang pancang yang berlokasi di Desa Margasari Kecamatan Pulau Ampel - Kabupaten Persediaan Serang bahanBanten. baku dan barang jadi tiang pancang yang berlokasi di Desa Margasari Kecamatan Pulau Ampel Kabupaten Serang Banten.


(Lihat Catatan No. 6, 10,20 dan 45)

(See Notes No. 6, 10,20 and 45)

23. UTANG USAHA

23.

Merupakan utang usaha per 31 Maret 2016 dan 31 Desember 2015, terdiri dari:

Represents trade payables as of 31 March 2016 and 31 December 2015, consisting of:

31 Maret / March 2016 Pihak Ketiga Telah Difakturkan Ventura Bersama Belum Difakturkan Sub Jumlah Pihak Ketiga Pihak Berelasi Telah Difakturkan Belum Difakturkan Sub Jumlah Pihak Berelasi Jumlah Utang Usaha

TRADE PAYABLES

31 Desember / December 2015 Third Parties Billed Joint Venture Unbilled

4,164,217,371,217 109,227,481,504 2,265,287,634,065

5,551,844,082,546 164,246,657,485 2,145,093,913,222

6,538,732,486,785

7,861,184,653,253

19,984,627,361 9,581,247,168

13,994,383,579 12,612,582,962

Sub Total Third Parties Related Parties Billed Unbilled

29,565,874,529

26,606,966,541


6,568,298,361,314

7,887,791,619,794


113





23.

Rinciannya adalah sbb:

Utang Ventura Bersama Jumlah Utang Usaha

TRADE PAYABLES (continued) The following is the breakdown:

31 Maret / March 2016 Utang Supplier / Pemasok Utang Subkontraktor Utang Kepada Mandor Utang Pihak Ketiga Lainnya



2,223,386,571,494 3,070,608,478,192 269,894,466,860 895,181,363,264

2,659,243,955,811 3,695,573,042,537 341,751,327,396 1,026,976,636,565

6,459,070,879,810

7,723,544,962,309

109,227,481,504

164,246,657,485

Trade Payable-Joint Venture

6,568,298,361,314

7,887,791,619,794


Rincian utang usaha menurut jenis mata uang adalah sebagai berikut: 31 Maret / March 2016

Supplier Subcontractor Foremen Other Third Parties



6,062,237,286,192 506,061,075,122

7,381,730,544,672 506,061,075,122

Rupiah Foreign Currency

Jumlah Utang Usaha

6,568,298,361,314

7,887,791,619,794


Rincian utang usaha berdasarkan pihak-pihak berelasi dan pihak ketiga: 31 Maret / March 2016


Pihak Ketiga Utang Usaha Yang Telah difakturkan: PT Van Oord Indonesia 212,646,844,624 PT Adhimix Precast Indonesia 113,456,816,195 Schneider Indonesia 85,730,439,537 PT Khi Pipe Industries 63,901,877,348 PT Jakarta Cakra Tunggal Steel Mills 59,155,077,506 PT Hanil Jaya Steel 52,983,397,122 Pioneer Beton Industry 44,071,376,380 PT Krakatau Wajatama 42,011,551,718 Bhirawa Stell 36,498,963,263 PT The Master Steel Manufacturing 33,829,232,680 PT Toyogiri Iron Steel 27,969,541,805 Prima Dinamika Abadi 23,555,943,901 Alwindo Nusantara 22,189,057,163 Casa Prima Indonesia 21,563,173,335 Dipindahkan 839,563,292,577

752,069,430,266 110,911,258,435 87,643,214,186 56,925,007,289 71,642,876,951 37,964,604,052 37,650,519,344 31,812,957,276 21,251,540,375 23,575,490,408 13,532,244,973 8,786,699,761 1,253,765,843,316

114

Third Parties Trade Payables - Billed PT Van Oord Indonesia PT Adhimix Precast Indonesia Schneider Indonesia PT Khi Pipe Industries PT Jakarta Cakra Tunggal Steel Mills PT Hanil Jaya Steel Pioneer Beton Industry PT Krakatau Wajatama Bhirawa Stell PT The Master Steel Manufacturing PT Toyogiri Iron Steel Prima Dinamika Abadi Alwindo Nusantara Casa Prima Indonesia Carried Forward






Pindahan PT Bangun Sarana Baja PT DSS-HSI JO PT Varia Usaha Beton PT Lancar Jaya Mandiri Abadi CV Pesona Prima CV Steel Mas Indah PT SGG Prima Beton Suprajaya Dua Ribu Satu PT Merak Jaya Beton PT Farika Duta Agung PT Union Metalk PT Inter World Steel Mill PT Ting Tai Konstruksi Indonesia Sahabat Daya Mandiri PT Binatama Akrindo PT Bumi Sarana Beton PT Citra Mutiara Bangun Persada PT Multi Daya Mandiri PT Rindang Pari Cahya Buana PT Rollent Indonesia Bilah Baja Makmur Abadi PT Indoboiler Sawunggaling Karya PT Holcim Indonesiak Sinar Jaya Proteksindo PT Anugerah Bangun Kencana PT Proteknik Mega Persada PT Adhimix Sinar Surya Alumindo PT Sandjaja Surabaya Karya Mulia Kreasi Sejahtera PT Surya Besindo Sakti Power Block Indonesia PT Partiwa Unggul Abadi PT Hydroraya Adhi Perkasa Dipindahkan



839,563,292,577 20,103,355,364 19,995,792,233 19,833,266,420 19,093,832,770 18,556,378,027 18,270,493,280 17,558,654,902 15,716,284,558 15,659,156,560 15,395,109,976 15,165,077,114 15,158,623,298 15,014,352,643 14,276,173,016 13,807,061,249 13,716,588,445 13,270,552,357 12,717,314,401 12,672,510,500 12,219,538,358 12,120,903,090 11,497,500,000 10,498,334,613 10,479,523,660 10,084,689,078 10,038,763,038 10,025,000,000 9,718,751,124 9,691,008,839 9,623,345,496 9,508,344,553 9,104,848,548 8,974,740,519 8,932,778,560 8,578,785,662 8,575,810,000 1,315,216,534,827

1,253,765,843,316 17,335,518,001 31,570,734,804 11,443,378,913 19,431,177,987 1,275,080,913 19,719,708,893 30,781,774,512 17,144,291,021 11,879,401,813 15,409,446,347 57,179,528,237 3,165,090,000 13,040,885,686 24,186,848,352 6,387,679,960 12,666,458,157 18,407,314,401 20,785,977,053 10,820,250,575 1,120,981,460 9,601,221,194 9,523,851,485 6,067,994,929 9,467,713,949 6,737,500,000 6,545,795,391 8,444,062,886 8,950,521,841 12,203,576,277 14,196,579,514 7,861,320,865 7,903,671,106 1,751,946,539 1,706,773,126,376 115

Brought Forward PT Bangun Sarana Baja PT DSS-HSI JO PT Varia Usaha Beton PT Lancar Jaya Mandiri Abadi CV Pesona Prima CV Steel Mas Indah PT SGG Prima Beton Suprajaya Dua Ribu Satu PT Merak Jaya Beton PT Farika Duta Agung PT Union Metalk PT Inter World Steel Mill PT Ting Tai Konstruksi Indonesia Sahabat Daya Mandiri PT Binatama Akrindo PT Bumi Sarana Beton PT Citra Mutiara Bangun Persada PT Multi Daya Mandiri PT Rindang Pari Cahya Buana PT Rollent Indonesia Bilah Baja Makmur Abadi PT Indoboiler Sawunggaling Karya PT Holcim Indonesiak Sinar Jaya Proteksindo PT Anugerah Bangun Kencana PT Proteknik Mega Persada PT Adhimix Sinar Surya Alumindo PT Sandjaja Surabaya Karya Mulia Kreasi Sejahtera PT Surya Besindo Sakti Power Block Indonesia PT Partiwa Unggul Abadi PT Hydroraya Adhi Perkasa Carried Forward






Pindahan Gnc Galileo S.A PT Bangun Beton Indonesia PT Loka Manggala Dika Konstruksi PT Drymix Indonesia PT Indoflek Jaya Sakti Alkajaya Satria Perkasa PT Buana Celebes PT Kreasi Beton Nusapersada CV Raka Pratama CV Sido Mulyo PT Logam Mas Indah Mas PT Cipta Mortar Utama PT Grama Bazita Tenaga PT Holcim Beton PT Mitra Wiratindo Indonesia PT Utomodeck Metal Works PT Pacific Process Engineering Carya Timor Leste, PTy Ltd PT Putra Saluyu Multi Kreasi PT Bintang Bangun Persada PT Balikpapan Readymix CV Putra Jaya Group PT Alumindo Metal Sejahtera PT Corin Mulia Gemilang PT Motive Mulia PT Sarana Jaya Utama Gelar Gatra Laras CV Rado Utama PT Multistran Engineering PT Gunung Steel Construction CV Sentral Aircon Raya CV Surya Mas CV Rajawali Scientific PT Reitama Enginnering Dipindahkan



1,315,216,534,827 8,378,443,200 8,175,765,000 7,916,385,000 7,697,151,257 7,211,300,925 7,167,459,667 7,056,352,981 7,006,168,366 6,920,422,094 6,916,865,099 6,830,402,548 6,754,625,692 6,686,902,932 6,619,800,000 6,564,253,095 6,382,686,995 6,379,974,000 6,322,879,715 6,140,476,971 6,118,960,931 6,100,029,254 5,936,570,427 5,868,083,705 5,806,038,027 5,802,087,475 5,801,203,047 5,711,401,996 5,704,910,410 5,637,956,879 5,615,476,343 5,464,674,092 5,341,572,740 5,256,494,197 5,229,331,681 5,190,945,075 4,988,352,300 1,543,918,938,943

1,706,773,126,376 3,479,662,724 2,138,387,500 4,043,067,400 5,299,436,668 6,415,333,085 4,325,933,655 1,388,016,092 8,606,168,366 5,054,799,099 1,962,557,483 3,456,055,892 9,066,898,240 7,644,290,360 6,929,308,092 2,078,538,628 17,186,515,037 5,272,422,475 5,764,977,471 5,212,243,304 11,814,362,743 2,607,502,870 6,295,954,488 3,911,659,065 3,306,731,726 2,784,394,484 4,342,488,249 3,658,952,356 9,320,458,016 5,884,739,697 4,868,022,169 2,507,000,000 1,873,400,003,810 116

Brought Forward Gnc Galileo S.A PT Bangun Beton Indonesia PT Loka Manggala Dika Konstruksi PT Drymix Indonesia PT Indoflek Jaya Sakti Alkajaya Satria Perkasa PT Buana Celebes PT Kreasi Beton Nusapersada CV Raka Pratama CV Sido Mulyo PT Logam Mas Indah Mas PT Cipta Mortar Utama PT Grama Bazita Tenaga PT Holcim Beton PT Mitra Wiratindo Indonesia PT Utomodeck Metal Works PT Pacific Process Engineering Carya Timor Leste, PTy Ltd PT Putra Saluyu Multi Kreasi PT Bintang Bangun Persada PT Balikpapan Readymix CV Putra Jaya Group PT Alumindo Metal Sejahtera PT Corin Mulia Gemilang PT Motive Mulia PT Sarana Jaya Utama Gelar Gatra Laras CV Rado Utama PT Multistran Engineering PT Gunung Steel Construction CV Sentral Aircon Raya CV Surya Mas CV Rajawali Scientific PT Reitama Enginnering Carried Forward






Pindahan PT Meganusa Transmission PT Gunung Garuda PT Stahlindo Nusantara Joko Sudarto PT Inti Niaga Sukses Abadi Basri Kulle PT Kalimutu Mitra Perkasa Sentratek Metalindo PT Scg Readymix Indonesia PT Imo Kepri PT Makmur Central Abadi PT Tatabrata Perkasa Nusantara PT Satrans Logistics Services PT Yuleonal Elecal Samudra PT Puja Perkasa Alia Global Visitama Tetrasa Geosindo PT Hillconjaya Sakti PT Majumix Bersama Abadi Sevina Mandiri Budi Karya PT Geasindo Teknik Prima PT Bumi Sentosa Dwi Agung PT Prima Karya Manunggal Galaxy Persada Prasetya Adi PT Bangun Graha CV Sukses Karunia Mandiri UD Rusli Vinilon PT China Telekom Indonesia Marga Pertiwi Sejati Niro Ceramic Sales Indonesia PT Soyo Apik Windopak PT Sinarbali Binakarya PT Control Tech International Dipindahkan



1,543,918,938,943 4,936,782,651 4,924,295,337 4,886,430,979 4,861,595,908 4,834,786,974 4,814,197,837 4,797,760,000 4,794,376,364 4,777,329,731 4,755,985,093 4,630,139,687 4,601,309,584 4,574,778,691 4,496,797,098 4,490,899,332 4,445,332,228 4,435,686,676 4,388,859,977 4,334,003,895 4,311,345,527 4,300,682,118 4,234,687,808 4,234,609,655 4,229,733,095 4,130,794,367 4,130,003,213 4,100,102,459 4,084,353,697 4,077,216,191 4,076,381,983 3,999,150,333 3,948,534,717 3,880,887,463 3,840,809,390 3,773,650,980 3,765,500,000 1,701,818,729,981

1,873,400,003,810 9,436,782,651 6,274,126,609 2,433,542,568 3,591,569,246 32,949,874,020 10,705,305,963 3,423,315,831 4,616,613,210 4,790,461,157 1,004,957,271 6,028,724,682 6,633,809,869 4,074,601,798 15,584,376,617 4,838,671,865 4,843,608,402 4,458,311,018 3,205,745,717 2,705,061,897 2,761,317,813 1,121,307,866 3,814,210,004 3,978,360,565 4,084,235,829 3,335,867,982 1,702,895,980 1,779,917,132 2,027,577,577,372 117

Brought Forward PT Meganusa Transmission PT Gunung Garuda PT Stahlindo Nusantara Joko Sudarto PT Inti Niaga Sukses Abadi Basri Kulle PT Kalimutu Mitra Perkasa Sentratek Metalindo PT Scg Readymix Indonesia PT Imo Kepri PT Makmur Central Abadi PT Tatabrata Perkasa Nusantara PT Satrans Logistics Services PT Yuleonal Elecal Samudra PT Puja Perkasa Alia Global Visitama Tetrasa Geosindo PT Hillconjaya Sakti PT Majumix Bersama Abadi Sevina Mandiri Budi Karya PT Geasindo Teknik Prima PT Bumi Sentosa Dwi Agung PT Prima Karya Manunggal Galaxy Persada Prasetya Adi PT Bangun Graha CV Sukses Karunia Mandiri UD Rusli Vinilon PT China Telekom Indonesia Marga Pertiwi Sejati Niro Ceramic Sales Indonesia PT Soyo Apik Windopak PT Sinarbali Binakarya PT Control Tech International Carried Forward








Pindahan 1,701,818,729,981 PT Bangun Cipta Kreasi 3,721,678,850 PT Duta Hita Jaya 3,690,673,392 PT World Metal Industri National 3,651,464,950 CV Sarana Pondasi 3,564,617,162 PT Bosowa Mining 3,533,316,430 PT Kharisma Kilang Kencana 3,511,477,215 PT Sukses Beton 3,503,215,888 PT Roda Nurmala 3,484,000,000 CV Mitra Makmur 3,476,010,919 Mega Selaras Utama 3,465,164,455 PT Prima Indojaya Mandiri 3,460,196,973 PT Sumber Nusantara Aditya Pratama 3,387,643,027 Megah Bangun Baja Semesta 3,385,091,840 PT Multi Sistim Komunikasi 3,373,205,992 Pentayasa 3,357,690,054 Victory Multikarya 3,346,301,959 PT Metro Menggala 3,341,561,711 PT Dwi Tunggal Abdi Pertiwi 3,336,352,541 PT Krakatau Steel 3,319,661,750 Arquiris Unippesoal Lda 3,293,685,306 PT Magdatama Multi Usaha 3,260,825,744 PT Alim Ampuhjaya Steel 3,242,329,965 Khairil Umar 3,220,895,372 PT Lintang Andalan Makmur 3,220,000,000 PT Venus Ceramica Indonesia 3,213,846,354 PT Sugih Asih Pratama 3,164,702,756 Gilang Gemala Borneo Perkasa 3,163,531,093 CV Karya Mulia Mandiri 3,162,522,451 Sentra Prima Services 3,161,375,289 Berlian Palugada Perkasa 3,148,449,638 PT Hume Concrete Indonesia 3,144,116,349 PT Marga Maju Mapan 3,123,946,898 Adidaya Raksa Persada 3,121,220,440 PT Berjaya Makmur Indonesia 3,120,800,000 GRC Mulya Abadi 3,055,144,383 PT Binaguna Citrasejati 3,030,502,861 Dipindahkan 1,821,575,949,988

2,027,577,577,372 9,491,357,397 13,496,068,000 3,160,779,000 3,564,617,162 3,533,316,430 4,259,967,358 3,823,896,538 3,346,301,959 4,347,537,664 12,344,473,506 3,215,549,414 9,205,950,838 2,138,720,122 2,021,784,575 4,832,240,412 3,219,165,619 2,208,039,396 2,186,323,586 2,328,574,080 1,517,018,108 2,507,391,534 2,124,326,650,070 118

Brought Forward PT Bangun Cipta Kreasi PT Duta Hita Jaya PT World Metal Industri National CV Sarana Pondasi PT Bosowa Mining PT Kharisma Kilang Kencana PT Sukses Beton PT Roda Nurmala CV Mitra Makmur Mega Selaras Utama PT Prima Indojaya Mandiri PT Sumber Nusantara Aditya Pratama Megah Bangun Baja Semesta PT Multi Sistim Komunikasi Pentayasa Victory Multikarya PT Metro Menggala PT Dwi Tunggal Abdi Pertiwi PT Krakatau Steel Arquiris Unippesoal Lda PT Magdatama Multi Usaha PT Alim Ampuhjaya Steel Khairil Umar PT Lintang Andalan Makmur PT Venus Ceramica Indonesia PT Sugih Asih Pratama Gilang Gemala Borneo Perkasa CV Karya Mulia Mandiri Sentra Prima Services Berlian Palugada Perkasa PT Hume Concrete Indonesia PT Marga Maju Mapan Adidaya Raksa Persada PT Berjaya Makmur Indonesia GRC Mulya Abadi PT Binaguna Citrasejati Carried Forward






Pindahan Igasar PT Brilliant Jaya CV Mutiara Sejati PT Century Nusaphala Pratama CV Karya Jaya PT Rekayasa Engineering PT Alcona Utama Nusa PT Teknindo Geosistem Unggul PT Anugerah Mortar Abadi PT Fajar Mas Murni CV S Margono CV Trust Trading PT Kesuma Makmur Konstruksindo PT Asanturi Internusa CV Batu Asli PT Dwidara Tunggal Putra Imam Muhsin PT Intikarya Sukses Abadi PT Anggadam Putra PT Pangkal Multikarya PT Dewata Tehnik Rusly Gunawan Cahyo Nugroho Yunasmoro PT Clarindo Jaya Perkasa PT Kenshi Teruna Utama PT Ispat Panca Putera PT Bumi Cahaya Unggul PT Wahana Teknik Indonesia PT Sekasa Inti Perkasa PT Sumber Seta Murni PT Tegar Zahara PT Graha Pratama Mandiri PT Airmas Ilthabi Teknologi PT Pancaran Blantara Indah PT Sinar Indah Perkasa PT Jaya Sentrikon Indonesia Dipindahkan



1,821,575,949,988 2,955,766,914 2,953,974,219 2,940,308,123 2,917,200,000 2,877,183,734 2,825,000,000 2,820,015,464 2,805,668,768 2,790,025,049 2,788,746,745 2,775,310,190 2,762,665,765 2,756,177,284 2,754,344,493 2,733,289,092 2,728,588,155 2,721,251,967 2,719,372,017 2,692,615,946 2,690,508,537 2,661,762,649 2,659,218,000 2,644,729,672 2,586,181,815 2,574,225,641 2,573,787,200 2,572,800,000 2,548,660,000 2,530,575,455 2,523,994,509 2,498,669,731 2,495,070,268 2,486,248,377 2,479,854,280 2,478,142,915 2,473,999,112 1,918,371,882,074

2,124,326,650,070 3,211,175,860 1,295,288,606 2,133,706,550 2,138,168,180 3,478,426,565 1,799,383,238 1,201,881,893 3,095,583,800 1,991,579,684 3,626,038,447 3,140,494,926 4,075,158,075 3,086,434,908 5,700,728,152 1,813,740,000 3,061,481,240 10,024,150,221 4,635,160,498 1,928,839,475 2,149,777,880 3,199,534,990 2,191,113,383,258 119

Brought Forward Igasar PT Brilliant Jaya CV Mutiara Sejati PT Century Nusaphala Pratama CV Karya Jaya PT Rekayasa Engineering PT Alcona Utama Nusa PT Teknindo Geosistem Unggul PT Anugerah Mortar Abadi PT Fajar Mas Murni CV S Margono CV Trust Trading PT Kesuma Makmur Konstruksindo PT Asanturi Internusa CV Batu Asli PT Dwidara Tunggal Putra Imam Muhsin PT Intikarya Sukses Abadi PT Anggadam Putra PT Pangkal Multikarya PT Dewata Tehnik Rusly Gunawan Cahyo Nugroho Yunasmoro PT Clarindo Jaya Perkasa PT Kenshi Teruna Utama PT Ispat Panca Putera PT Bumi Cahaya Unggul PT Wahana Teknik Indonesia PT Sekasa Inti Perkasa PT Sumber Seta Murni PT Tegar Zahara PT Graha Pratama Mandiri PT Airmas Ilthabi Teknologi PT Pancaran Blantara Indah PT Sinar Indah Perkasa PT Jaya Sentrikon Indonesia Carried Forward






Pindahan PT National Steel Industries PT Merak Beton Perkasa Zug Industry Indonesia PT Eka Sinar Abadi PT Gunung Raja Paksi UD Sehati CV Maju Jaya PT Polareka Fasadindo PT Nuansa Aluminium PT Arkindo PT Kurnia Utama Raya Multi Berdikari Pondasi Perdana PT Beton Elemen Persada CV Harapan Abadi PT Indo Piling Raya PT Lybas Area Construction PT Pancawira Bangun Pratama Esta Raya Mandiri PT Indoprima Niaga Sakti PT Fajar Tomayuna Utama PT Asia Pertama Abadi PT Prysmian Cables Indonesia Samsul Bahri Satria Asta Gemilang PT Bina Maju Tetap Jaya PT Buhit Dian Pertama CV Boscra Perkasa CV Mustika Jaya Fitri Damastuti Syarifah PT Aneka Jaya Langgeng Sentosa Quatro Colegas Lda Ari Wijaksono Naldy Surya Effendy Syahril CV Amanda Putri Mandiri Anugrah Mandiri Perkasa Dipindahkan



1,918,371,882,074 2,457,132,182 2,445,687,481 2,435,393,466 2,435,249,756 2,431,048,160 2,410,910,000 2,406,550,604 2,387,293,711 2,370,487,689 2,359,663,019 2,354,065,459 2,349,349,165 2,325,455,251 2,312,338,183 2,284,037,523 2,278,570,268 2,260,322,469 2,219,210,953 2,179,171,695 2,162,980,522 2,154,473,167 2,145,437,780 2,125,801,638 2,093,585,563 2,080,000,000 2,077,657,900 2,065,232,820 2,053,704,597 2,045,680,240 2,045,150,000 2,039,311,825 2,036,754,250 1,983,883,175 1,976,181,724 1,970,492,852 1,962,223,954 1,998,092,371,116

2,191,113,383,258 3,021,829,062 2,493,659,409 8,325,280,445 3,405,273,256 1,144,149,464 3,855,238,488 1,976,363,879 2,604,150,500 4,197,882,246 2,196,903,025 3,106,868,797 5,950,745,444 1,567,381,504 2,846,608,695 2,007,248,555 7,068,156,434 3,502,671,583 5,111,327,110 2,344,146,706 1,918,132,917 6,847,745,700 2,266,605,146,478 120

Brought Forward PT National Steel Industries PT Merak Beton Perkasa Zug Industry Indonesia PT Eka Sinar Abadi PT Gunung Raja Paksi UD Sehati CV Maju Jaya PT Polareka Fasadindo PT Nuansa Aluminium PT Arkindo PT Kurnia Utama Raya Multi Berdikari Pondasi Perdana PT Beton Elemen Persada CV Harapan Abadi PT Indo Piling Raya PT Lybas Area Construction PT Pancawira Bangun Pratama Esta Raya Mandiri PT Indoprima Niaga Sakti PT Fajar Tomayuna Utama PT Asia Pertama Abadi PT Prysmian Cables Indonesia Samsul Bahri Satria Asta Gemilang PT Bina Maju Tetap Jaya PT Buhit Dian Pertama CV Boscra Perkasa CV Mustika Jaya Fitri Damastuti Syarifah PT Aneka Jaya Langgeng Sentosa Quatro Colegas Lda Ari Wijaksono Naldy Surya Effendy Syahril CV Amanda Putri Mandiri Anugrah Mandiri Perkasa Carried Forward








Pindahan 1,998,092,371,116 PT Kurnia Dalitrans 1,952,903,649 PT Putra Lebra Perkasa 1,933,285,663 PT Conductorjasa Suryapersada 1,930,465,155 PT Scg Pipe And Precast Indonesia 1,924,537,617 PT Dharma Subur Satya 1,918,922,252 PT Green Persada Enviro 1,890,388,499 PT Hikada Putra Karuna 1,880,000,000 PT Abetama Sempurna 1,870,511,108 CV Ilya Jaya 1,868,783,170 PT Mandiri Agung Abadi 1,849,582,789 PT Bukit Jaya Abadi 1,843,378,682 Prima Panca Perkasa 1,837,389,352 PT Surya Indogreen Perkasa 1,830,658,720 CV Kenanga 1,820,727,418 Panca Prima Engineering 1,808,144,950 PT Simtraco Intramanunggal Abadijaya 1,801,028,750 CV Nur Kusuma 1,799,912,894 PT Pejaten Jaya Abadi 1,795,922,925 PT Asrico Putra Perdana 1,785,516,844 PT Beton Budi Mulya 1,783,267,100 PT Unggul Sejati Indonesia 1,781,669,858 Suherli Asgap 1,772,477,263 PT Sinergi Tiga Sahabat 1,768,989,360 CV Karya Mandiri Kreatif 1,760,297,631 PT Bangun Cipta Raya 1,756,044,573 PT Swarna Baja Pacific 1,753,639,705 PT Deha Sejahtera 1,748,102,134 UD Karya Anugerah 1,730,252,895 PT Rodha Jaya 1,720,307,031 Multi Structure Sarana 1,707,517,838 PT Gilang Briskanandita Sejati 1,705,735,279 PT Rajawali Sakti Utama 1,696,617,924 PT Trinisyah Ersa Pratama 1,693,563,951 PT Sarana Baja Perkasa 1,689,423,662 PT Cahaya Metal Perkasa 1,665,048,090 PT Indopile 1,658,582,411 Dipindahkan 2,062,825,968,258

2,266,605,146,478 4,150,911,687 5,709,965,155 4,820,848,550 4,599,882,226 1,849,582,789 1,843,378,682 2,023,010,652 1,440,898,200 2,283,330,595 2,389,523,682 1,730,744,100 1,667,175,525 1,734,191,910 1,890,263,415 1,578,987,235 1,715,058,123 5,023,455,000 2,313,056,354,004 121

Brought Forward PT Kurnia Dalitrans PT Putra Lebra Perkasa PT Conductorjasa Suryapersada PT Scg Pipe And Precast Indonesia PT Dharma Subur Satya PT Green Persada Enviro PT Hikada Putra Karuna PT Abetama Sempurna CV Ilya Jaya PT Mandiri Agung Abadi PT Bukit Jaya Abadi Prima Panca Perkasa PT Surya Indogreen Perkasa CV Kenanga Panca Prima Engineering PT Simtraco Intramanunggal Abadijaya CV Nur Kusuma PT Pejaten Jaya Abadi PT Asrico Putra Perdana PT Beton Budi Mulya PT Unggul Sejati Indonesia Suherli Asgap PT Sinergi Tiga Sahabat CV Karya Mandiri Kreatif PT Bangun Cipta Raya PT Swarna Baja Pacific PT Deha Sejahtera UD Karya Anugerah PT Rodha Jaya Multi Structure Sarana PT Gilang Briskanandita Sejati PT Rajawali Sakti Utama PT Trinisyah Ersa Pratama PT Sarana Baja Perkasa PT Cahaya Metal Perkasa PT Indopile Carried Forward








Pindahan 2,062,825,968,258 PT Zidar Zahthola 1,652,857,905 PT Encona Inti Industri 1,649,999,999 CV Cipta Engineering 1,649,859,805 PT Wisesa Karya Prima 1,644,248,800 CV Labora Mandiri 1,638,603,627 PT Triyaman Utama 1,621,666,387 PT Metalindo Tosan Surya 1,607,135,750 PT Farama Mitra Mandiri 1,599,801,473 PT Decon Multi Industri 1,595,354,222 PT Bina Santika Wijaya 1,581,981,819 PT Cigading Habeam Centre 1,581,469,799 CV Dwi Mulia Tekindo 1,580,761,400 Iwan Suryoko 1,566,389,618 PT Kredo Bajatama Persada 1,558,987,675 PT Cipta Karya Bersama Abadi 1,553,029,930 CV Multiguna Sejahtera 1,549,548,000 PT Putra Fajar Idola Pratama 1,547,471,055 PT Oriental Sheet Piling 1,546,560,000 PT Togo Steel Industries 1,528,530,750 PT Sentral Perkasa Buana Indonesia 1,527,660,000 PT Semesta Eltrindo Pura 1,526,668,854 CV Cipta Prestasi 1,514,592,128 PT Jaya Agung Ceramindo 1,511,182,504 PT Graha Bara Lestari 1,503,567,093 CV Maharani Perkasa 1,494,193,539 Murti Cahaya Wirasaba 1,489,248,537 CV Cahaya Rimba 1,484,597,404 CV Duta Pelita 1,482,226,560 PT Supra Manunggal Sejati 1,476,973,500 Banjar Kencana 1,476,363,636 PT Jotun Indonesia 1,476,264,053 Agus Mulyanto 1,468,720,000 PT Superior Prima Sukses 1,465,098,084 PT Aneka Star 1,457,310,807 Doni Asep 1,445,077,072 PT Bangun Batara Construction 1,439,618,838 Dipindahkan 2,118,319,588,881

2,313,056,354,004 1,649,999,999 1,644,853,508 9,337,561,535 3,269,273,994 2,082,677,222 1,403,800,000 3,114,616,779 1,289,934,946 1,070,529,930 1,317,189,250 5,489,116,887 1,081,779,113 2,162,862,847 1,652,921,647 1,405,118,539 1,495,205,469 1,610,014,401 1,373,219,240 1,647,171,500 1,903,371,083 1,131,079,800 2,360,188,651,693 122

Brought Forward PT Zidar Zahthola PT Encona Inti Industri CV Cipta Engineering PT Wisesa Karya Prima CV Labora Mandiri PT Triyaman Utama PT Metalindo Tosan Surya PT Farama Mitra Mandiri PT Decon Multi Industri PT Bina Santika Wijaya PT Cigading Habeam Centre CV Dwi Mulia Tekindo Iwan Suryoko PT Kredo Bajatama Persada PT Cipta Karya Bersama Abadi CV Multiguna Sejahtera PT Putra Fajar Idola Pratama PT Oriental Sheet Piling PT Togo Steel Industries PT Sentral Perkasa Buana Indonesia PT Semesta Eltrindo Pura

CV Cipta Prestasi PT Jaya Agung Ceramindo PT Graha Bara Lestari CV Maharani Perkasa Murti Cahaya Wirasaba CV Cahaya Rimba CV Duta Pelita PT Supra Manunggal Sejati Banjar Kencana PT Jotun Indonesia Agus Mulyanto PT Superior Prima Sukses PT Aneka Star Doni Asep PT Bangun Batara Construction Carried Forward






Pindahan PT Neksusindo Cahaya Gemilang CV Cahaya Teknik Nusantara PT Mahardika Daya Inti Agus Hariyanto Nauli Hasan PT Bosowa Pasir Bara CV Multi Guna Sejahtera PT Sekawan Bangun Perkasa CV Media Informatika PT Altadesi Prima Citra PT Indocont Utama Karya PT Paku Bumi Semesta CV Djihar Parna Dolok Mokhamad Mujahidin PT Kelolatama Albes PT Suly Bersama Jaya Steel CV Trijaya Teknik Kurnia CV Sumber Arta Raya PT Indo Fuji Fajrin Joko Listiawan CV Raharja Wiguna Konstruksi Matrikstama Andalan Mitra PT Farmel Cahaya Mandiri PT Arga Bangun Ideal PT Jatim Bromo Steel Dedy Sudarno PT Bajatama Dian Prima Pelita Enamelware I C CV Raneta Sejahtera CV Kevindo Jaya Koperasi Karyawan PP CV Bangkit Jaya Makmur PT Cahaya Pondasi Utama PT Mitra Prima Optima PT Tanjung Raya Prima Dipindahkan



2,118,319,588,881 1,429,690,476 1,429,631,054 1,427,551,089 1,424,531,490 1,415,701,251 1,414,385,168 1,410,016,276 1,395,349,203 1,393,365,645 1,381,750,560 1,381,376,282 1,377,670,879 1,370,537,667 1,370,420,250 1,368,248,984 1,367,686,124 1,348,763,809 1,336,103,332 1,332,087,500 1,326,545,741 1,325,676,237 1,324,683,630 1,314,385,779 1,313,339,000 1,309,846,853 1,303,196,421 1,302,543,262 1,297,351,696 1,292,722,298 1,284,837,420 1,283,939,300 1,278,124,744 1,277,241,570 1,274,800,644 1,273,234,375 1,272,000,688 2,166,748,925,578

2,360,188,651,693 2,099,319,819 1,851,550,362 1,414,385,168 1,582,860,184 4,213,906,851 1,724,746,737 2,932,580,000 1,221,393,819 1,363,112,500 8,295,034,630 2,600,030,509 1,327,642,750 1,435,014,750 1,044,263,091 3,515,678,375 2,396,810,171,239 123

Brought Forward PT Neksusindo Cahaya Gemilang CV Cahaya Teknik Nusantara PT Mahardika Daya Inti Agus Hariyanto Nauli Hasan PT Bosowa Pasir Bara CV Multi Guna Sejahtera PT Sekawan Bangun Perkasa CV Media Informatika PT Altadesi Prima Citra PT Indocont Utama Karya PT Paku Bumi Semesta CV Djihar Parna Dolok Mokhamad Mujahidin PT Kelolatama Albes PT Suly Bersama Jaya Steel CV Trijaya Teknik Kurnia CV Sumber Arta Raya PT Indo Fuji Fajrin Joko Listiawan CV Raharja Wiguna Konstruksi Matrikstama Andalan Mitra PT Farmel Cahaya Mandiri PT Arga Bangun Ideal PT Jatim Bromo Steel Dedy Sudarno PT Bajatama Dian Prima Pelita Enamelware I C CV Raneta Sejahtera CV Kevindo Jaya Koperasi Karyawan PP CV Bangkit Jaya Makmur PT Cahaya Pondasi Utama PT Mitra Prima Optima PT Tanjung Raya Prima Carried Forward






Pindahan PT Integra Indocabinet PT Budi Perkasa Alam Muhammad Arif Nugraha CV Sejatindo Prima Bangunan Dinamika Nusantara Kencana PT Anisa Putra Jaya PT Edlyn Dehensi PT Tata Cahaya Mandiri PT Alfa Stilindo PT Global Sukses Perkasa PT Cendana Jaya Mandiri PT Wiguna Logam Prima CV Amanah Abadi PT Bangun Kubah Sarana Duta Bangsa Mandiri Hermanto PT Vsl Indonesia PT Saeti Beton Pracetak PT Surya Cahaya Gemilang PT Atap Teduh Lestari PT Satya Langgeng Sentosa PT Kredo Keramindo CV Fajar Makmur Antraksa Puskop Kartika Sriwijaya Budi Susilo PT Kiswire Indonesia PT Pilar Indo Sarana CV Wijaya Teknik Ni Nyoman Sudiasih CV Sinar Terang PT Tulus Tri Tunggal Indra Group PT Kreasindo Restu Utama PT Panca Karya Wijaya PT Thonnindo Isiarta Konstruksi Dipindahkan



2,166,748,925,578 1,270,064,153 1,267,403,446 1,263,669,875 1,259,759,670 1,258,963,704 1,248,346,789 1,246,679,140 1,245,826,900 1,244,523,601 1,244,350,000 1,235,398,443 1,235,077,500 1,229,736,256 1,224,209,254 1,218,226,599 1,214,761,169 1,213,636,612 1,209,220,000 1,207,500,000 1,202,787,825 1,196,048,456 1,191,795,500 1,183,255,250 1,170,418,576 1,162,433,775 1,159,281,600 1,159,110,000 1,158,861,933 1,156,846,110 1,153,699,350 1,151,072,246 1,150,252,038 1,144,874,315 1,143,965,000 1,138,000,000 1,136,868,349 2,210,045,849,012

2,396,810,171,239 1,283,818,943 2,004,148,373 4,554,021,725 2,581,990,243 2,219,248,530 1,602,659,241 1,249,047,456 5,007,120,510 3,227,563,534 1,365,788,640 1,207,500,000 1,364,363,722 1,187,255,500 1,008,056,572 3,193,099,150 1,212,450,696 2,160,988,023 2,649,968,909 2,614,000,000 1,406,583,753 2,439,909,844,759 124

Brought Forward PT Integra Indocabinet PT Budi Perkasa Alam Muhammad Arif Nugraha CV Sejatindo Prima Bangunan Dinamika Nusantara Kencana PT Anisa Putra Jaya PT Edlyn Dehensi PT Tata Cahaya Mandiri PT Alfa Stilindo PT Global Sukses Perkasa PT Cendana Jaya Mandiri PT Wiguna Logam Prima CV Amanah Abadi PT Bangun Kubah Sarana Duta Bangsa Mandiri Hermanto PT Vsl Indonesia PT Saeti Beton Pracetak PT Surya Cahaya Gemilang PT Atap Teduh Lestari PT Satya Langgeng Sentosa PT Kredo Keramindo CV Fajar Makmur Antraksa Puskop Kartika Sriwijaya Budi Susilo PT Kiswire Indonesia PT Pilar Indo Sarana CV Wijaya Teknik Ni Nyoman Sudiasih CV Sinar Terang PT Tulus Tri Tunggal Indra Group PT Kreasindo Restu Utama PT Panca Karya Wijaya PT Thonnindo Isiarta Konstruksi Carried Forward






Pindahan PT Ega Tekelindo Prima PT Bintang Multi Science PT Marunda Jaya CV Bina Wira Mandiri PT Lion Metal Works Siswanto CV Alam Baru PT Ben Mandiri Abadi PT Tungku Jaya Sakti PT Kotaminyak Internusa PT Indo Jaya Sukses PT Karya Jaya Cemerlang PT Safari Transmoda Abadi PT Warnatama Cemerlang PT Jongka Indonesia CV Catur Perkasa PT Cakra Raya Teknologi PT Darma Subur Satya PT Asme PT Jof Metal Works Ltd Taufan Hidayat PT Daya Cipta Aneka Reksa Samingun CV Disam Jaya Putra Bayu Putra Mandiri CV Chelin Berkah Murni PT Sembilan Garis Cemerlang CV Wahana Cipta Karsa CV Pola Bangun CV Karya Prima Pondasi Vastorindo Jaya Semesta PT Nusagraha Multy Stone CV Manggar Kreasi PT Wila Karya Mandiri PT Duta Beton Sejati Ni Ketut Nining Widartini Dipindahkan



2,210,045,849,012 1,132,420,000 1,131,644,800 1,131,616,475 1,128,724,532 1,121,632,786 1,121,333,600 1,106,964,771 1,106,564,080 1,105,114,500 1,103,377,500 1,101,254,059 1,092,418,550 1,089,500,000 1,088,247,420 1,083,958,178 1,082,917,441 1,081,111,778 1,079,352,697 1,075,531,967 1,075,219,010 1,073,915,308 1,073,534,036 1,071,440,316 1,056,410,911 1,055,736,567 1,055,177,141 1,053,801,573 1,050,327,500 1,040,277,923 1,040,071,354 1,038,122,615 1,036,310,496 1,031,888,536 1,027,925,235 1,022,822,479 1,021,201,609 2,248,833,716,755

2,439,909,844,759 4,255,897,611 2,662,675,082 1,358,969,550 4,600,070,476 1,567,440,616 1,506,747,278 7,342,736,106 2,321,942,000 1,269,349,991 1,303,569,951 1,245,221,704 1,860,322,356 1,685,814,881 1,981,054,392 1,480,131,571 1,117,708,919 2,477,469,497,243 125

Brought Forward PT Ega Tekelindo Prima PT Bintang Multi Science PT Marunda Jaya CV Bina Wira Mandiri PT Lion Metal Works Siswanto CV Alam Baru PT Ben Mandiri Abadi PT Tungku Jaya Sakti PT Kotaminyak Internusa PT Indo Jaya Sukses PT Karya Jaya Cemerlang PT Safari Transmoda Abadi PT Warnatama Cemerlang PT Jongka Indonesia CV Catur Perkasa PT Cakra Raya Teknologi PT Darma Subur Satya PT Asme PT Jof Metal Works Ltd Taufan Hidayat PT Daya Cipta Aneka Reksa Samingun CV Disam Jaya Putra Bayu Putra Mandiri CV Chelin Berkah Murni PT Sembilan Garis Cemerlang CV Wahana Cipta Karsa CV Pola Bangun CV Karya Prima Pondasi Vastorindo Jaya Semesta PT Nusagraha Multy Stone CV Manggar Kreasi PT Wila Karya Mandiri PT Duta Beton Sejati Ni Ketut Nining Widartini Carried Forward






Pindahan Yusuf Internusa Megah Cahaya Surya Sejahtera Bersama CV Zie PT Surya Pertiwi PT Mahesa Daya Inti PT Jakt. Cakra Tunggal Steel. M PT The Master Steel Manufact. PT Abb Sakti Industri PT Putra Baja Deli PT Maribaya Electrindo Jaya Wartsila CV Luhur Amanah PT Sho-Labo Consulting Training PT Panca Tunggal Sukses. M PT Anugrah Karunia Alam PT Delta Jaya Utama PT Rahmi Ida Nusantara PT Suryagraha Mandiri Utama PT Catur Insan Perkasa PT Bondor Indonesia PT Gunayasa Dianartha Trakindo Utama PT Multiprima Semesta Abadi PT Aneka Jaya Langgeng. S PT Famili Kita PT Sumber Nusantara Aditya. P PT Duta Indah Perkasa PT Pacific Prestress Indonesia PT Berkah Mulia Mandiri CV Cilong Mandiri PT Sentral Perkasa Buana Ind. PT Beton Elemenindo Perkasa Aditya Aryaprawira Shipping PT Citas Otis Elevator PT Geostructure Dynamics Dipindahkan



2,248,833,716,755 1,020,045,000 1,014,296,188 1,010,850,000 1,006,122,100 1,001,417,290 1,000,342,583 2,254,886,789,916

2,477,469,497,243 1,020,045,000 1,515,500,000 3,961,005,149 54,526,206,427 51,274,866,239 17,456,175,517 16,377,598,170 14,001,260,000 9,945,530,034 9,232,705,607 6,248,983,890 6,202,534,403 5,925,840,040 5,865,558,037 5,599,141,838 5,470,432,067 5,447,972,138 5,338,300,967 4,918,210,000 4,915,139,976 4,896,323,859 4,890,300,000 4,435,270,818 4,350,739,427 4,339,510,760 4,232,554,729 4,135,453,637 3,983,720,638 3,946,380,000 3,939,609,203 3,925,239,573 3,597,500,000 3,568,160,371 2,766,953,265,756 126

Brought Forward Yusuf Internusa Megah Cahaya Surya Sejahtera Bersama CV Zie PT Surya Pertiwi PT Mahesa Daya Inti PT Jakt. Cakra Tunggal Steel. M PT The Master Steel Manufact. PT Abb Sakti Industri PT Putra Baja Deli PT Maribaya Electrindo Jaya Wartsila CV Luhur Amanah PT Sho-Labo Consulting Training PT Panca Tunggal Sukses. M PT Anugrah Karunia Alam PT Delta Jaya Utama PT Rahmi Ida Nusantara PT Suryagraha Mandiri Utama PT Catur Insan Perkasa PT Bondor Indonesia PT Gunayasa Dianartha Trakindo Utama PT Multiprima Semesta Abadi PT Aneka Jaya Langgeng. S PT Famili Kita PT Sumber Nusantara Aditya. P PT Duta Indah Perkasa PT Pacific Prestress Indonesia PT Berkah Mulia Mandiri CV Cilong Mandiri PT Sentral Perkasa Buana Ind. PT Beton Elemenindo Perkasa Aditya Aryaprawira Shipping PT Citas Otis Elevator PT Geostructure Dynamics Carried Forward






Pindahan Asphalt Bangun Sarana PT Metito Indonesia PT Wavin Tunas Utama PT Arief Karya Perdana PT Sanggar Adhisarana Teknik PT Bagani Citra Mandiri PT Focon Interlite PT Titra Pelangi Nusantara A & K Door Indonesia CV Setia Abadi PT Dharmawan Intersarana PT Pillar Utama Contrindo PT Indo Nusantara Tata Udara Deva Ismery PT Delta Multi Contr. & Supplier CV Diafragma El Nusa PT Penta Mandah Sejahtera CV Karya Anugerah Jaya PT Tri Pilar Multigraha CV Trijala Perkasa PT Steel Pipe Industry Of Ind. PT Waagner Biro Indonesia PT Westindo Putra Perkasa PT Oni Utama Mandiri Karyono PT Sekasa Mitra Utama CV Karya Kaca Glass PT Kesuma Makmur Konstruksi PT Jaya Inti Persada PT Nuansa Karya Persada Pradana Persada PT Fadia Cipta Mandiri PT Bangkit Jaya Elektrindo PT Pratama Widya PT Andalan Teknologi Mandiri PT Awmina Jaya Dipindahkan



2,254,886,789,916 2,254,886,789,916

2,766,953,265,756 3,551,303,530 3,462,376,527 3,364,727,238 3,320,617,381 3,270,973,560 3,219,105,675 3,145,241,897 3,082,185,890 3,048,309,161 3,008,955,581 2,997,765,000 2,907,500,000 2,801,834,790 2,649,167,500 2,592,783,673 2,592,212,128 2,566,643,948 2,542,939,577 2,539,706,849 2,451,439,123 2,365,710,243 2,310,418,950 2,300,000,000 2,279,207,000 2,254,168,000 2,249,218,042 2,226,172,461 2,203,346,505 2,158,012,502 2,145,785,242 2,139,426,211 2,087,714,818 2,058,376,231 2,038,158,623 1,998,023,832 1,934,229,925 2,860,817,023,370 127

Brought Forward Asphalt Bangun Sarana PT Metito Indonesia PT Wavin Tunas Utama PT Arief Karya Perdana

PT Sanggar Adhisarana Teknik PT Bagani Citra Mandiri PT Focon Interlite PT Titra Pelangi Nusantara A & K Door Indonesia CV Setia Abadi PT Dharmawan Intersarana PT Pillar Utama Contrindo PT Indo Nusantara Tata Udara Deva Ismery PT Delta Multi Contr. & Supplier CV Diafragma El Nusa PT Penta Mandah Sejahtera CV Karya Anugerah Jaya PT Tri Pilar Multigraha CV Trijala Perkasa PT Steel Pipe Industry Of Ind. PT Waagner Biro Indonesia PT Westindo Putra Perkasa PT Oni Utama Mandiri Karyono PT Sekasa Mitra Utama CV Karya Kaca Glass PT Kesuma Makmur Konstruksi PT Jaya Inti Persada PT Nuansa Karya Persada Pradana Persada PT Fadia Cipta Mandiri PT Bangkit Jaya Elektrindo PT Pratama Widya PT Andalan Teknologi Mandiri PT Awmina Jaya Carried Forward






Pindahan PT Era Teknindo Nusantara PT Adhiguna Karya Jaya Adi Prasetya PT Humpuss Transportasi Curah CV Permata Alam CV Bangkit Raharja PT Paradise Perkasa PT Tata Nusa Abadi CV Ridhotama Jaya Cipta Krida Bahari UD Arto Moro PT Arcadia Multi Graha Sumber Sukses Bersaudara Nur Sejahtera CV Megah Agung Persada PT Akbar Budi Sakti PT Parama Adhi Pratama CV Dian Sarana PT Duta Sarana Perkasa PT Hilti Nusantara CV Utama Bintan Sukses Mukhamad Mujahidin PT Visitama Sarana Cipta Sohopi Dg Serang Menumbing Mas Samudera PT Jaya Teknik Indonesia Agostinho PT Adiwarna Anugerah Abadi PT Elco Power System PT Bintang Raya Sakti PT Aneka Hitachindo Pratama Gaka Karya Engineering CV Priya Mandiri Mitramas Adidarma PT PT Arga Wastu PT Feedback Indra Dipindahkan



2,254,886,789,916 2,254,886,789,916

2,860,817,023,370 1,920,097,533 1,901,411,654 1,877,457,770 1,877,457,770 1,872,739,605 1,867,767,779 1,856,630,125 1,851,078,206 1,814,664,256 1,794,168,908 1,724,562,290 1,682,971,801 1,655,148,141 1,611,197,308 1,537,073,848 1,530,000,000 1,452,826,271 1,434,668,047 1,425,637,707 1,420,184,503 1,371,866,958 1,370,420,250 1,368,075,000 1,358,908,200 1,353,329,465 1,308,000,000 1,261,971,066 1,258,514,726 1,250,000,100 1,245,672,350 1,224,600,000 1,220,393,023 1,205,084,400 1,205,000,000 1,191,600,090 1,189,286,330 2,915,307,488,850 128

Brought Forward PT Era Teknindo Nusantara PT Adhiguna Karya Jaya Adi Prasetya PT Humpuss Transportasi Curah CV Permata Alam CV Bangkit Raharja PT Paradise Perkasa PT Tata Nusa Abadi CV Ridhotama Jaya Cipta Krida Bahari UD Arto Moro PT Arcadia Multi Graha Sumber Sukses Bersaudara Nur Sejahtera CV Megah Agung Persada PT Akbar Budi Sakti PT Parama Adhi Pratama CV Dian Sarana PT Duta Sarana Perkasa PT Hilti Nusantara CV Utama Bintan Sukses Mukhamad Mujahidin PT Visitama Sarana Cipta Sohopi Dg Serang Menumbing Mas Samudera PT Jaya Teknik Indonesia Agostinho PT Adiwarna Anugerah Abadi PT Elco Power System PT Bintang Raya Sakti PT Aneka Hitachindo Pratama Gaka Karya Engineering CV Priya Mandiri Mitramas Adidarma PT PT Arga Wastu PT Feedback Indra Carried Forward








Pindahan Zaenuri Iksan CV Karya Bersama Muh Anas S CV Rizki Abadi PT Mitracipta Polasarana PT Centra Utama Sejati PT Cahaya Cipta Abadi CV Buana Mitra Perkasa Yan Cahyono PT Karya Internusa PT Baskara Prima Sarana PT Bestindo Aquatek Sejahtera CV Alumie Jaya CV Graha Sarana PT Cometco Inti Prima Granitoguna Building Ceramics PT Prima Usaha Sarana. S CV Sinergi Wijaya PT Asri Pancawarna PT Australindo Graha Nusa PT Indojaya Sukses Makmur PT Beton Perkasa Wijaksana PT Fajar Lestari Adi Perkasa PT Hefa Sarana Kontraktor Utang Upah, Alat, BTL Utang Usaha Entitas Anak Lain-lain di bawah Rp 1 Milyar

2,254,886,789,916 610,279,664,182 996,729,138,134 302,321,778,985

2,915,307,488,850 1,188,279,000 1,175,499,323 1,169,049,409 1,161,379,258 1,159,964,367 1,151,040,000 1,147,645,000 1,120,585,800 1,112,335,000 1,100,719,616 1,090,000,000 1,089,190,000 1,073,529,000 1,058,183,799 1,052,232,152 1,049,693,008 1,047,507,000 1,042,939,073 1,038,255,070 1,037,507,671 1,027,727,408 1,005,330,000 1,000,178,751 1,012,855,985 783,488,584,664 1,591,090,374,452 235,846,008,890

Brought Forward Zaenuri Iksan CV Karya Bersama Muh Anas S CV Rizki Abadi PT Mitracipta Polasarana PT Centra Utama Sejati PT Cahaya Cipta Abadi CV Buana Mitra Perkasa Yan Cahyono PT Karya Internusa PT Baskara Prima Sarana PT Bestindo Aquatek Sejahtera CV Alumie Jaya CV Graha Sarana PT Cometco Inti Prima Granitoguna Building Ceramics PT Prima Usaha Sarana. S CV Sinergi Wijaya PT Asri Pancawarna PT Australindo Graha Nusa PT Indojaya Sukses Makmur PT Beton Perkasa Wijaksana PT Fajar Lestari Adi Perkasa PT Hefa Sarana Kontraktor Labour, Equipment, Overhead Payable Account Payable - Subsidiary Other of less than 1 Billions

Sub Jumlah

4,164,217,371,217

5,551,844,082,546

Sub Total

Belum difakturkan

2,265,287,634,065

2,145,093,913,222

Unbilled

Sub Jumlah

6,429,505,005,281

2,145,093,913,222

Sub Total

Utang Ventura Bersama: KSO Cable Stayed Kendari KSO Sindang Heula KSO Winrip Mangopoh Padang KSO Holtekamp Dipindahkan

Trade Payable-Joint Venture 54,931,965,491 14,063,017,271 12,050,835,794 8,973,207,615 90,019,026,171

56,472,239,148 29,704,110,029 38,385,704,818 124,562,053,995 129

JO Cable Stayed Kendari JO Sindang Heula JO Winrip Mangopoh Padang JO Holtekamp Carried Forward






Pindahan KSO Pengendali Banjir Batang Kuranji Padang KSO Jl Kenyam-Mugi Papua Thp 2 KSO Jembatan Kembar Lanjutan KSO Cisangkuy KSO Rekonstruksi SABO DAM Merapi

KSO Stadion Utama Samarinda Lain-lain di bawah Rp 1 Milyar Sub Jumlah Sub Jumlah Pihak Ketiga

PT Wijaya Karya Beton Lain-lain di bawah Rp 1 Milyar Sub Jumlah Utang Usaha Yang Belum Difaktur Sub Jumlah Sub Jumlah Pihak Berelasi Jumlah Utang Usaha

TRADE PAYABLES (continued) 31 Desember / December 2015

90,019,026,171 8,124,415,091

124,562,053,995 11,702,111,016

Brought Forward JO Pengendali Banjir Batang Kuranji Padang

6,171,427,648 4,230,017,215 682,595,379

6,123,651,538 4,313,236,996 10,124,550,507 7,175,200,654 245,852,779

JO Jl Kenyam-Mugi Papua Thp 2 JO Jembatan Kembar Lanjutan JO Cisangkuy JO Rekonstruksi SABO DAM Merapi JO Stadion Utama Samarinda Other of less than 1 Billions

109,227,481,504 6,538,732,486,785

164,246,657,485 7,861,184,653,253

Sub Total Sub Total Third Parties

31 Maret / March 2016 Pihak Berelasi PT Wijaya Karya Rekayasa Kontruksi



10,791,623,296

3,742,707,502

Related Parties PT Wijaya Karya Rekayasa Kontruksi

9,193,004,065 -

9,691,845,817 559,830,260

PT Wijaya Karya Beton Other of less than 1 Billions

19,984,627,361 9,581,247,168

13,994,383,579 12,612,582,962

Sub Total Unbilled

9,581,247,168 29,565,874,529 6,568,298,361,314

12,612,582,962 26,606,966,541 7,887,791,619,794

Sub Total Sub Total Related Parties Total Trade Payable

Jumlah utang usaha berdasarkan umur (tidak termasuk utang Ventura Bersama) :

Total of trade payables based on payable ages (excluding trade payable of JV) :



> 1 Bulan - 3 Bulan > 3 Bulan - 6 Bulan > 6 Bulan - 12 Bulan > 12 Bulan

5,485,814,031,470 542,116,125,588 277,690,918,585 153,449,804,167

6,324,536,948,315

90,272,675,826

> 1 Month - 3 Months > 3 Months - 6 Months > 6 Months - 12 Months > 12 Months

Jumlah Utang Usaha

6,459,070,879,810

7,723,544,962,309

Total Trade Payable

998,736,883,689 309,998,454,479

Utang pemasok merupakan utang kepada pemasok atas pengadaan bahan bangunan sehubungan dengan pelaksanaan suatu proyek.

Supplier payable represents payables to suppliers of material originating from procurement related with project activities.

130





23.


Utang subkontraktor merupakan utang kepada subkontraktor berdasarkan berita acara progres fisik pekerjaan sehubungan dengan pelaksanaan proyek.

Subcontractor payable represents payables to subcontractor based on official projects physical completion reports.

Utang kepada mandor merupakan upah mandor yang pada akhir tahun buku belum dibayar.

Payables to foreman are for the wages of foremen payable at end of year.

Utang pihak ketiga lainnya merupakan utang atas sewa alat, pemeliharaan dan perbaikan alat di proyek.

Other third parties payables are payables to other third parties for rental, maintenance and repair of equipments related to project activities.

(Lihat Catatan No. 3e dan 45)

(See Note No. 3e and 45)

24. PENDAPATAN DITERIMA DIMUKA


Merupakan pendapatan sewa gedung PP Plaza, dan sewa gedung lainnya termasuk Entitas Anak yang diterima dimuka per 31 Maret 2016 dan 31 December 2015.

UNEARNED REVENUE 31 Desember / December 2015

9,166,209,881

9,626,335,196


Represents PP Plaza building and Subsidiary rentals paid in advance as of 31 March 2016 and 31 December 2015. (See Notes No. 3t)

25. BEBAN YANG MASIH HARUS DIBAYAR

25.

Merupakan beban yang masih harus dibayar per 31 Maret 2016 dan 31 December 2015 terdiri dari:

ACCRUED EXPENSES Represent accrued expenses as of 31 March 2016 and 31 December 2015 consist of :



Gaji dan Insentif Karyawan Beban Umum Beban Pemeliharaan Fisik Beban Pihak Ketiga Lainnya Tantiem

107,902,735,338 42,973,098,238 30,713,472,748 122,583,314,173 37,412,621,252

58,547,877,390 45,311,614,149 34,687,415,363 155,133,365,459 30,408,000,002

Employees Salaries and Incentive General Expenses Project Maintenance Exp. Other Third Parties kickas Management Bonus

Jumlah Beban Yg Masih Harus Dibayar

341,585,241,749

324,088,272,363

Total Accrued Expenses

Beban gaji dan insentif karyawan yang masih harus dibayar merupakan gaji karyawan yang pada tanggal laporan posisi keuangan belum dibayar, pencadangan atas biaya insentif karyawan berdasarkan surat keputusan Direksi yang pada tanggal laporan posisi keuangan belum dibayar.

Accrued employees salaries and incentive are salaries and provision for incentive in conformity with the decision of the BOD, payable at the reporting date.

131




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 25. BEBAN YANG MASIH HARUS DIBAYAR (lanjutan)

25.

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) ACCRUED EXPENSES (continued)

Beban umum yang masih harus dibayar merupakan pengeluaran untuk kegiatan operasional kantor yang pada tanggal laporan posisi keuangan belum dibayar.

Accrued general expenses are office operating activities expenses accrued at the reporting date.

Beban pemeliharaan fisik yang masih harus dibayar merupakan pencadangan biaya tahun berjalan yang akan dikeluarkan pada masa pemeliharaan proyek.

Accrued project maintenance expenses are allowance for current year maintenance expenses disbursable at project maintenance period.

Beban pihak ketiga lainnya yang masih harus dibayar merupakan utang pembelian barang-barang kebutuhan proyek yang pada tanggal laporan posisi keuangan belum dibayar.

Accrued other third parties expenses originated from project procurement payable at the reporting date.

Utang Tantiem merupakan biaya pencadangan tantiem Direksi dan Komisaris.

Accrued management bonus is an allowance for bonuses for members of the Board of Directors and Board of Commissioners.


(See Note No. 3t)

26. SURAT BERHARGA JANGKA MENENGAH

26.

Merupakan surat berharga jangka menengah per 31 Maret 2016 dan 31 December 2015, terdiri dari :

Represent medium term notes as 31 March 2016 and 31 December 2015, consist of :

31 Maret / March 2016 MTN I PT PP Properti tahun 2016 jatuh tempo tahun 2017 MTN II PT PP Properti tahun 2016 jatuh tempo tahun 2017 MTN tahap XXI PP tahun 2014 jatuh tempo tahun 2017 MTN PT PP Properti tahun 2014 jatuh tempo tahun 2017

Dikurangi Bagian Jangka Pendek

MEDIUM TERM NOTES


150,000,000,000

-

150,000,000,000

-

300,000,000,000

300,000,000,000

30,000,000,000

30,000,000,000

630,000,000,000

330,000,000,000

-

-

MTN PP phase XXI year 2014 Maturity 2017 MTN PP phase XXI year 2014 Maturity 2017 MTN PP phase XXI year 2014 Maturity 2017 MTN I PT PP Properti year 2014 Maturity 2017

Less Curent Portion

Utang Surat Berharga Jangka Menengah - Setelah dikurangi Bagian Jangka Pendek

Medium Term Notes Payables - Net

630,000,000,000

330,000,000,000

Less current portion

a. Penerbitan Surat Berharga Jangka Menengah (Medium Term Notes/ MTN) Tahap XXI sebesar Rp300.000.000.000,- (Tiga Ratus Milyar Rupiah). Jangka waktu 3 tahun sejak tanggal 26 September 2014 sampai dengan 26 September 2017 dengan bunga sebesar 9,8% per tahun.

a Issuance of Medium Term Notes amounting of . IDR300,000,000,000 (Three hundred billion rupiahs) phase XXI- 2014 . Time periode 3 year since 26 September 2014, due date 26 September 2017, interest rate 9,8% p.a.

Pemegang surat berharga dan penerbit telah menunjuk PT Mandiri Securitas sebagai Agen Pemantau dan Agen Jaminan.

The notes holders and issuers had appointed PT Mandiri Securitas as Supervisory Agent and Underwriter.

132




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 26. SURAT BERHARGA JANGKA MENENGAH (lanjutan)

26.

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) MEDIUM TERM NOTES (continued)

Entitas Anak

Subsidiary

a. Penerbitan Surat Berharga Jangka Menengah (Medium Term Notes/MTN) Tahap I PT PP Properti sebesar Rp30.000.000.000,- (tiga puluh milyar rupiah). Jangka waktu 36 bulan sejak tanggal 24 April 2014 sampai dengan 24 April 2017 dengan bunga sebesar 9% per tahun.

a Issuance of Medium Term Notes amounting of . IDR30,000,000,000,- (thirty billion rupiahs) phase I PT PP Properti 2014 . Time periode 36 month since 24 April 2014, due date 24 April 2017, interest rate 9% p.a.

Pemegang surat berharga telah menunjuk PT Bank BRI (Persero) Tbk sebagai Agen Pemantau dan Agen Jaminan.

The notes holders had appointed PT Bank BRI (Persero) Tbk as Supervisory Agent and Underwriter.

b. Penerbitan Surat Berharga Jangka Menengah (Medium Term Notes/MTN) I seri A sebesar Rp60.000.000.000 (enam puluh milyar rupiah). Jangka waktu 18 bulan sejak tanggal 29 Januari 2016 sampai dengan 31 Juli 2017 dengan bunga sebesar 10,85% per tahun. Penerbitan Surat Berharga Jangka Menengah (Medium Term Notes/MTN) I seri B sebesar Rp20.000.000.000 (dua puluh milyar rupiah). Jangka waktu 18 bulan sejak tanggal 5 Februari 2016 sampai dengan 7 Agustus 2017 dengan bunga sebesar 10,85% per tahun. Penerbitan Surat Berharga Jangka Menengah (Medium Term Notes/MTN) I seri C sebesar Rp70.000.000.000 (tujuh puluh milyar rupiah). Jangka waktu 18 bulan sejak tanggal 12 Februari 2016 sampai dengan 14 Agustus 2017 dengan bunga sebesar 10,85% per tahun.

b Issuance of Medium Term Notes Phase I series A amounting . to Rp60.000.000.000 (sixty billion rupiahs). Time periode 18 month since January 29, 2016 due July 31, 2017, interest rate 10,85% p.a. Issuance of Medium Term Notes Phase I series B amounting to Rp20.000.000.000 (twenty billion rupiahs). Time periode 18 month since February 5, 2016 due August 7, 2017, interest rate 10,85% p.a. Issuance of Medium Term Notes Phase I series C amounting to Rp70.000.000.000 (seventy billion rupiahs). Time periode 18 month since February 12, 2016 due August 14, 2017, interest rate 10,85% p.a.



c. Penerbitan Surat Berharga Jangka Menengah (Medium Term Notes/MTN) II seri A sebesar Rp50.000.000.000 (lima puluh milyar rupiah). Jangka waktu 18 bulan sejak tanggal 26 Februari 2016 sampai dengan 28 Agustus 2017 dengan bunga sebesar 10,85% per tahun. Penerbitan Surat Berharga Jangka Menengah (Medium Term Notes/MTN) II seri B sebesar Rp100.000.000.000 (seratus milyar rupiah). Jangka waktu 18 bulan sejak tanggal 21 Maret 2016 sampai dengan 21 September 2017 dengan bunga sebesar 10,85% per tahun.

c Issuance of Medium Term Notes Phase II series A amounting . to Rp50.000.000.000 (fifty billion rupiahs). Time periode 18 month since February 26, 2016 due August 28, 2017, interest rate 10,85% p.a. Issuance of Medium Term Notes Phase II series B amounting to Rp100.000.000.000 (one hundred billion rupiahs). Time periode 18 month since March 21, 2016 due September 21, 2017, interest rate 10,85% p.a.



133




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 27. UANG MUKA PEMBERI PEKERJAAN DAN KONSUMEN

27.

Merupakan saldo uang muka dari pemberi pekerjaan dan konsumen per 31 Maret 2016 dan 31 Desember 2015, dengan rincian sebagai berikut :

ADVANCES FROM PROJECTS OWNERS AND CONSUMERS Represents advances from project owners and customers as 31 March 2016 and 31 December 2015 with the following details:

31 Maret / March 2016 Uang muka pemberi kerja (jasa konstruksi) Uang muka konsumen (realti)



1,457,418,556,090 112,852,625,564

1,500,915,490,987 108,509,263,198-


1,570,271,181,654

1,609,424,754,185 -

Terdiri dari :

Advances from projet owners (construction service) Adv. from project cust.(realty) Total Advance of Project Owner and Consumers Consisting of:

Jatuh tempo dalam satu tahun: Uang muka pemberi kerja (jasa konstruksi) Uang muka konsumen (realti)

587,405,864,706 112,852,625,564

589,135,768,418 108,509,263,198-

Sub Jumlah

700,258,490,270

697,645,031,616 -

Maturity in one year Advances from projet owners (construction services) Adv. from projects cust.(realty) Sub Total

Jatuh tempo lebih dari satu tahun: Uang Muka Pemberi Pekerjaan

870,012,691,384

911,779,722,569-

Due in more than one year Advances of projet owners

Sub Jumlah

870,012,691,384

911,779,722,569

Sub Total

1,570,271,181,654

1,609,424,754,185



Rincian uang muka pemberi pekerjaan dari konsumen yang diterima adalah sebagai berikut:

The breakdown of advance from project owner and consumer:

31 Maret / March 2016 Uang Muka Pemberi Pekerjaan Pihak Ketiga SNVT PJSA BWS Sulawesi I PT Servo Lintas Raya PT Duta Anggada Realty Tbk PT Tribuana Jaya Raya Dinas PU SNVT Bengawan Solo PT Warna Warni Investama PT Kuala Jaya Realty Dep.Perhubungan, Dirjen Perhubungan, Unit Penyelenggara Dipindahkan


79,298,717,356 60,725,859,464 52,259,523,809 51,007,654,486 48,821,157,706 41,271,140,460 41,181,818,182 33,857,060,727

82,936,352,779 64,684,551,906 69,486,091,419 55,123,239,038 28,761,326,718 42,510,000,000 41,181,818,182 -

408,422,932,190

384,683,380,042 134

Advances of projet owners Third Parties SNVT PJSA BWS Sulawesi I PT Servo Lintas Raya PT Duta Anggada Realty Tbk PT Tribuana Jaya Raya Dinas PU SNVT Bengawan Solo PT Warna Warni Investama PT Kuala Jaya Realty Dep.Perhubungan, Dirjen Perhubungan, Unit Penyelenggara Bandar Udara Raden Inten II Carried Forward





27.

31 Maret / March 2016 Pindahan PT Energi Prima Nusantara PT Pahala Agung PT Cahaya Bandung Jaya PT Greenland Garden Realty PT Petrokimia Gresik Satker Pelaksanaan Jalan Nasional Prov. Kepri PT Sinar Galesong P-PT Ciputra VM.JO Kementrian PU dan Perumahan Rakyat, Sumatera Utara PT Kalla Inti Karsa Dinas PU Balai Besar Wilayah Sungai Pemali Juana PT Semen Padang PT Pakuwon Jati Tbk PT Sun Property Abadi PT Triniti Dinamik PT Sejahtera Alam Energy Kementrian PU dan Perumahan Rakyat PT Multi Karya Utama Abadi PT Duta Senawijaya Mandiri Kementrian PU SNVT PJSA Sumatera II PT Kurnadi Abadi PT Pakuwon Permai PT Centurion Perkasa Iman PT Satria Pusaka Permata Perkasa PT Freeport Indonesia PT Perkasa Internusa Mandiri PT Trimitra Propertindo PT Sutera Agung Properti PT Misi Mulia Petronusa PT Kebayoran Puspita Dipindahkan



408,422,932,190 32,912,760,304 32,721,791,488 32,090,288,001 29,208,696,091 26,890,528,665 24,606,826,077

384,683,380,042 35,323,597,248 37,674,467,584 35,502,509,819 15,341,555,677 29,522,105,560 24,606,826,077

24,180,995,708

28,187,329,146

23,645,454,545

23,645,454,545 Kementrian PU dan Perumahan Rakyat, Sumatera Utara

22,480,754,587 18,568,054,331 18,240,484,241

35,792,818,200 23,132,640,171 18,843,475,455

PT Kalla Inti Karsa Dinas PU Balai Besar Wilayah Sungai Pemali Juana

17,933,334,076 17,899,306,406 17,839,904,658 17,456,027,578 15,861,703,950 15,526,216,965

31,052,754,514 21,237,604,437 4,796,158,172 18,937,054,080 16,912,271,850 17,785,276,909

PT Semen Padang PT Pakuwon Jati Tbk PT Sun Property Abadi PT Triniti Dinamik PT Sejahtera Alam Energy Kementrian PU dan Perumahan Rakyat

15,018,691,588 14,909,090,909 14,545,454,545

15,018,691,588 14,909,090,909 14,545,454,545

PT Multi Karya Utama Abadi PT Duta Senawijaya Mandiri Kementrian PU SNVT PJSA Sumatera II

14,280,223,637 13,650,257,791 12,813,704,673 12,714,049,206 12,423,665,500 12,166,792,466 10,841,886,982 10,822,525,236 10,057,532,577 9,572,705,455 960,302,640,426

17,061,125,677 14,734,760,520 17,313,262,753 17,982,846,020 14,665,629,978 2,985,067,600 16,952,266,054 28,627,999,065 11,953,941,819 989,727,416,014

PT Kurnadi Abadi PT Pakuwon Permai PT Centurion Perkasa Iman PT Satria Pusaka Permata Perkasa PT Freeport Indonesia PT Perkasa Internusa Mandiri PT Trimitra Propertindo PT Sutera Agung Properti PT Misi Mulia Petronusa PT Kebayoran Puspita Carried Forward

135

Brought Forward PT Energi Prima Nusantara PT Pahala Agung PT Cahaya Bandung Jaya PT Greenland Garden Realty PT Petrokimia Gresik Satker Pelaksanaan Jalan Nasional Prov. Kepri PT Sinar Galesong P-PT Ciputra VM.JO





27.




960,302,640,426 989,727,416,014 Brought Forward Pindahan 9,505,784,298 10,000,000,000 Kementerian PU & PR Cipta Karya KRIMSUS Kementerian PU & PR Cipta Karya KRIMSUS PT Bumi Megah Graha Asri 9,472,097,539 9,613,757,599 PT Bumi Megah Graha Asri PT Citicon Propertindo 9,207,042,576 11,998,142,576 PT Citicon Propertindo PT Menara Perkasa Margahayuland 9,087,122,133 9,087,122,133 PT Menara Perkasa Margahayuland PT Prima Bintaro Royale 9,025,252,275 9,853,231,365 PT Prima Bintaro Royale PT Puri Pariwara 8,909,090,909 1,363,636,364 PT Puri Pariwara PT Patra Berkah Itqoni 8,727,228,636 8,727,228,636 PT Patra Berkah Itqoni Dinas PU DKI Jakarta 8,621,693,638 12,679,684,547 Dinas PU DKI Jakarta PT Samator Land 7,986,158,665 10,228,528,915 PT Samator Land PT Radinka Quatro Land 7,021,587,272 7,404,829,090 PT Radinka Quatro Land PT Tiara Abadi Nirmala 6,923,001,713 7,062,742,050 PT Tiara Abadi Nirmala Dinas PU Kalimantan Timur 6,695,010,667 9,239,924,056 Dinas PU Kalimantan Timur PT Hotel Nirwana 6,372,363,636 PT Hotel Nirwana Kementrian PUPR, Dirjen Bina Marga, Satker 5,977,284,736 PJN Metropolitan Jakarta 8,223,484,933 Kementrian PUPR, Dirjen Bina Marga, Satker PJN Metropolitan Jakarta PT Bintan Cipta Cemerlang 5,938,839,940 5,938,839,940 PT Bintan Cipta Cemerlang PT Prasetya Agung Cipta Abadi 5,757,854,848 12,140,714,453 PT Prasetya Agung Cipta Abadi PT Megatama Putra 5,699,423,700 7,001,298,600 PT Megatama Putra PT Emer Citra Agung 5,545,454,545 PT Emer Citra Agung PT Waska Sentana 5,308,004,256 5,308,004,256 PT Waska Sentana Perguruan Tinggi Kristen Petra - Surabaya4,873,940,908 7,256,149,999 Perguruan Tinggi Kristen Petra - Surabaya JO Ciputra Karya Panca Sakti Nugraha 4,758,688,371 4,758,688,371 JO Ciputra Karya Panca Sakti Nugraha PT Cassia Resort Investment 4,747,126,180 7,687,126,180 PT Cassia Resort Investment PT Griya Cipta Optimal 4,639,175,257 5,000,000,000 PT Griya Cipta Optimal PT Grage Trimitra Usaha 4,396,597,576 3,299,727,272 PT Grage Trimitra Usaha PT Pancakarya Griyatama 4,279,540,600 4,279,540,600 PT Pancakarya Griyatama PT Trans Marga Jateng 3,917,864,082 20,957,881,818 PT Trans Marga Jateng PT Tanrise Indonesia 3,686,825,454 3,686,825,454 PT Tanrise Indonesia KSO Merdeka Media Group & Ronov Indonesia 3,622,252,140 3,622,252,140 KSO Merdeka Media Group & Ronov Indonesia PT Kunci Utama Sukses 3,435,256,109 3,435,256,109 PT Kunci Utama Sukses Universitas Padjajaran 3,239,157,721 7,018,175,061 Universitas Padjajaran PT Lintas Insana Wisesa 3,237,523,091 3,237,523,091 PT Lintas Insana Wisesa JGC Corporation 3,195,681,591 3,195,681,591 JGC Corporation PT Graha Masindo Pratama 2,950,000,000 8,348,400,000 PT Graha Masindo Pratama Dinas Kesehatan Provinsi Pekanbaru 2,920,637,163 4,467,272,727 Dinas Kesehatan Provinsi Pekanbaru PT Bimasakti Jaya Abadi 2,842,773,662 4,796,361,262 PT Bimasakti Jaya Abadi 1,162,825,976,313 1,230,645,447,202 Carried Forward Dipindahkan 136





27.




1,162,825,976,313 Pindahan PT Sarana Meditama Anugerah 2,809,006,502 PT Mahardika Agung Lestari 2,782,979,950 Dinas PU Kab. Nunukan 2,736,782,826 PT Bumi Anugrah Sakti 2,461,840,605 PT Cirebon Hotel And Convention 2,443,895,057 PT Graha Sarana Duta 2,389,668,000 PT Danau Winata Indah 2,385,664,271 PT Nusantara Prospekindo Sukses 2,317,972,800 PT Bukit Nusa Harapan 2,219,941,060 PT Nusa Raya Cipta 2,105,482,176 PT Galuh Citarum 1,818,936,363 PT Merpati Abadi Sejahtera 1,724,475,760 PT Graha Multi Insani 1,676,907,083 PT Graha Senggigi 1,643,804,106 PT Vidi Mandiri 1,611,428,568 PT Catur Jaya 1,438,746,816 PT Metropolitan Land Tbk 1,390,000,001 PT Cahaya Baru Raya Realty 1,345,099,016 PT Citra Raya Medika 1,315,945,100 PT Muara Wisesa Samudra 1,115,768,578 Kementerian Infrastruktur Timor Leste 1,083,826,940 Hyundai Engineering & Const. Co., Ltd 1,012,017,042 PT Citra Raya Medika PT Duta Indah Iconic PT Graha Kencana Abadi PT Hotel Properti Internasional PT Mandiri Cipta Gemilang PT Mutiara Mitra Sejahtera PT Satu Stop Sukses PT Total Bangun Persada PT Trans Ritel Properti Yeni Wijaya PT Win Win Realty Centre Lain-lain di bawah Rp 1 Milyar 14,036,840,730

1,230,645,447,202 1,621,818,450 1,348,047,410 3,911,824,500 2,461,840,605 2,443,895,057 4,867,602,000 2,385,664,271 4,642,488,300 2,457,915,057 3,449,862,485 1,296,370,192 1,781,243,376 1,818,050,083 5,006,129,220 1,611,428,568 4,142,746,816 1,390,000,001 1,115,768,578 6,886,690,790 2,900,949,458 1,315,945,100 1,427,185,208 1,367,693,553 9,115,468,316 1,621,820,075 1,039,621,289 2,500,000,000 1,398,915,768 2,816,531,838 1,403,181,819 1,014,695,669 9,850,951,291

Brought Forward PT Sarana Meditama Anugerah PT Mahardika Agung Lestari Dinas PU Kab. Nunukan PT Bumi Anugrah Sakti PT Cirebon Hotel And Convention PT Graha Sarana Duta PT Danau Winata Indah PT Nusantara Prospekindo Sukses PT Bukit Nusa Harapan PT Nusa Raya Cipta PT Galuh Citarum PT Merpati Abadi Sejahtera PT Graha Multi Insani PT Graha Senggigi PT Vidi Mandiri PT Catur Jaya PT Metropolitan Land Tbk PT Cahaya Baru Raya Realty PT Citra Raya Medika PT Muara Wisesa Samudra Kementerian Infrastruktur Timor Leste Hyundai Engineering & Const. Co., Ltd PT Citra Raya Medika PT Duta Indah Iconic PT Graha Kencana Abadi PT Hotel Properti Internasional PT Mandiri Cipta Gemilang PT Mutiara Mitra Sejahtera PT Satu Stop Sukses PT Total Bangun Persada PT Trans Ritel Properti Yeni Wijaya PT Win Win Realty Centre Other of less than 1 Billions


1,323,057,792,345


1,218,693,005,663

137





27.

31 Maret / March 2016 Pihak Berelasi PT Jasa Marga (Persero) Tbk PT Prima Multi Terminal PT Inpola Meka Energy PT Bio Farma (Persero) PT Pelindo III (Persero) PT Indonesia Power PT PLN (Persero) Lain-lain di bawah Rp 1 Milyar Sub Jumlah Pihak Berelasi Jumlah Uang Muka Pemberi Pekerjaan



110,596,756,636 73,568,157,383 26,067,363,636 11,268,171,162 8,684,918,184 8,116,959,282 423,224,144

44,836,363,636 80,789,171,055 10,067,363,636 14,280,480,546 14,474,863,638 8,362,458,450 5,046,997,681 -

Related Parties PT Jasa Marga (Persero) Tbk PT Prima Multi Terminal PT Inpola Meka Energy PT Bio Farma (Persero) PT Pelindo III (Persero) PT Indonesia Power PT PLN (Persero) Other of less than 1 Billions

28,493,272,772

42,164,800,315


1,247,186,278,435

1,365,222,592,660

Total Advances of projet owners

Uang Muka Konsumen Grand Kamala Lagoon Grand Sungkono Lagoon Paviliun Permata I The Ayoma Apartement Paviliun Permata II Gunung Putri Apartment Patria Park Bukit Permata Puri I FX Residence Graha Bukopin Entitas Anak PT HKM Entitas Anak PT GSN Lain-lain di bawah Rp 1 Milyar Sub Jumlah Jumlah Uang Muka Pemberi Pekerjaan dan Konsumen

Advances of consumers 14,112,607,600 12,934,049,826 9,127,138,095 7,942,368,285 4,355,621,267 3,902,394,609 3,493,594,577 2,438,339,076 1,786,414,812 28,147,453,927 21,822,186,387 2,790,457,103

15,074,498,845 13,782,390,444 8,894,954,461 7,067,820,893 3,794,483,336 2,584,503,668 3,000,339,076 1,786,414,812 28,897,453,927 21,537,545,307 2,088,858,429

Grand Kamala Lagoon Grand Sungkono Lagoon Paviliun Permata I The Ayoma Apartement Paviliun Permata II Gunung Putri Apartment Patria Park Bukit Permata Puri I FX Residence Graha Bukopin Subsidiary PT HKM Subsidiary PT GSN Other of less than 1 Billions

112,852,625,564

108,509,263,198

Sub Total

1,473,731,855,858


1,360,038,904,000

138




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 28. UTANG SEWA GUNA USAHA

28.

Merupakan utang sewa guna usaha per 31 Maret 2016 dan 31 Desember 2015 terdiri dari :

Jumlah Dikurangi bagian yang jatuh tempo dalam satu tahun Utang Sewa Guna Usaha Setelah dikurangi Bagian Jangka Pendek

LEASING PAYABLE Represent leasing payable as 31 March 2016 and 31 December 2015, consist of :

31 Maret / March 2016 Utang Sewa Guna Usaha PT Dana Unico Finance PT Orix Indonesia Finance PT CSUL PT Mandiri Tunas Finance PT Toyota Astra Finance PT Panin Bank PT IBJ Verena Finance Otto Multiartha PT Astra Credit Company PT Dipo Star Finance



15,165,161,802 11,536,743,488 4,045,566,043 1,787,686,821 1,168,173,601 272,587,530 23,661,900 31,471,047 21,505,774 -

17,258,602,740 14,241,218,678 4,874,786,514 2,014,213,745 1,411,355,549 351,975,010 47,436,015 70,483,281 53,570,425 -

34,052,558,006

40,323,641,957

8,221,012,051

14,492,096,002

25,831,545,955

25,831,545,955

29. UTANG JANGKA PENDEK LAINNYA


Leasing Payable PT Dana Unico Finance PT Orix Indonesia Finance PT CSUL PT Mandiri Tunas Finance PT Toyota Astra Finance PT Panin Bank PT IBJ Verena Finance Otto Multiartha PT Astra Credit Company PT Dipo Star Finance Total Less due in more than one year Leasing Payable - Net Less Current Portion

OTHER SHORT TERM LIABILITIES 31 Desember / December 2015

Bunga Jaminan Penyewa Mall Uang Jaminan Konsumen Iuran Karyawan Lain lain

11,162,604,865 7,510,023,939 1,878,742,320 554,349,275 51,361,169,938

7,872,148,117 7,779,343,939 1,616,122,320 350,914,524 50,477,938,562

Interest Tenant Guarantee Customers Deposits Employees Contribution Others

Jumlah Utang Jangka Pendek Lainnya

72,466,890,337

68,096,467,462

Total Other Short Term Liabilities

Uang Jaminan Konsumen merupakan penerimaan jaminan sewa ruang dan saluran telepon dari unit properti dan entitas anak. Iuran Karyawan merupakan iuran pensiun dan jamsostek/ BPJS yang belum disetor.

Customers deposits are guarantees received from customers for rents and telephone bills at the Subsidiary.

Utang Jaminan Penyewa Mall merupakan dana yang diserahkan oleh penyewa selama masa sewa.

Guarantees of mall tenants are guarantees paid by tenants during their lease periods.

Employees contributions are contributions of employees payable to Jamsostek/ BPJS

139




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 30. LIABILITAS PROGRAM IMBALAN KERJA

30.

Merupakan liabilitas program pensiun dan manfaat pasca kerja karyawan per 31 Maret 2016 dan 31 Desember 2015 terdiri dari :

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) LIABILITIES OF EMPLOYMENT BENEFITS Represents of liabilitas pension program and post employment benefits as of 31 March 2016 and 31 December 2015 consist of:



Liabilitas Program Pensiun (DP3) Liabilitas Manfaat Karyawan (Taper)

78,545,556 -

113,842,892 -

Liabilitas - Bersih

78,545,556

113,842,892

*) Disajikan Kembali (Catatan No. 54)

Liabilities of Pension Program (DP3) LiabilitiesEmployee - Benefits(Taper) Net Liabilitas *) Restated ( Note 54)

a. Program Pensiun

a. Pension Program

PT PP (Persero) Tbk dan entitas anak menyelenggarakan program pensiun manfaat pasti (PSL) untuk seluruh karyawan tetap yang berumur tidak lebih dari 55 tahun sejak diangkat menjadi pegawai tetap. Jumlah karyawan yang diikutsertakan dalam program pensiun untuk tahun 2015, 2014 dan 2013 adalah 635, 622 dan 601 karyawan. Dana pensiun ini dikelola oleh Dana Pensiun PT PP (Persero) Tbk yang telah mendapat pengesahan dari Menteri Keuangan Nomor: KEP-372/KM.6/2003 tanggal 31 Oktober 2003.

PT PP (Persero) Tbk and subsidiary provides defined benefit pension program for all permanent employees of not more 55 years in age. The total number of employees participated in the pension program for the years 2015, 2014 and 2013 is 635, 622 and 601 employees respectively. The pension fund is managed by PT PP (Persero) Tbk Pension Fund, as approved by the Minister of Finance with his letter No. KEP372/KM.6/2003 dated 31 October 2003.

Kontribusi iuran sebelum UU No.11 tahun 1992, perusahaan memberikan kontribusi iuran sebesar 16,9% dan karyawan menanggung sebesar 7,5% dihitung dari penghasilan dasar pensiun per bulan. Kontribusi iuran setelah UU No.11 tahun 1992, perusahaan memberikan kontribusi iuran sebesar 13,9% dan karyawan menanggung sebesar 4,5% dihitung dari penghasilan dasar pensiun per bulan.

The contribution prior to the adoPTion of Law No.11 year 1992 is: by the Company 16,9% and by the employees 7,5% of the employees monthly basic pension salaries. `After the adoPTion of the Law No.11 year 1992, the contribution is: by the Company 13,9% and by the employees 4,5% of the employees monthly basic pension salaries.

Penilaian beban manfaat karyawan-pensiun dan aset imbalan pasca kerja - pensiun tahun 2015, 2014 dan 2013 sesuai dengan PSAK No.24 (Revisi 2013) dilakukan oleh PT Bestama Aktuaria, aktuaris independen dengan laporan No. 15016/PP/EP/01/2016 tanggal 11 Januari 2016 dan No. 15045/PPP/EP/02/2016 tanggal 18 Pebruari 2016. Asumsi-asumsi aktuaria yang digunakan adalah sebagai berikut :

Cost assessment of employees pension benefit and asset of post employment benefits for the years 2015, 2014 and 2013, in conformity with SFAS No.24 (Revised 2013) is made by PT Bestama Aktuaria, an independent actuary with his report No. 15016/PP/EP/01/2016 dated 11 January 2016 and No. 15045/PPP/EP/0/2016 dated 18 February 2016. The followings are the actuary assumptions which are used:

140






(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 30. LIABILITAS PROGRAM IMBALAN KERJA (lanjutan) Metode Perhitungan Aktuaria Tingkat Diskonto 2016 & 2015 Tingkat Kenaikan PhDP 2016 & 2015 Tingkat Pensiun

Projected Unit Credit Method

:

: : : :

9.10%

: : : :

:

5% per tahun / each year Seluruh pekerja yang telah memasuki usia pensiun normal (55 tahun) akan segera pensiun/All employees which have entered into pension age (55 years old) will retire immediately 2% pada usia 25 tahun menurun secara linear sampai dengan usia 44 tahun dan sama setiap tahun dari usia 45 tahun sampai dengan 54 tahun/ 2 % at age 25 years decreased linearly old and subsequently decrease in straight-line manner from 45 years to 54 years 10% dari tingkat kematian/10% of mortality rate

Rekonsiliasi liabilitas manfaat pensiun yang diakui di laporan posisi keuangan per 31 Maret 2016 dan 31 Desember 2015 sebagai berikut :


Valuation method of actuary Discount Rate 2016 & 2015 PhDP Growth 2016 & 2015 Pension Rate

Rate of Resignation

:

Rate of disability

Reconciliation pension of liabilities of the pension benefits which is recognized in the statement of financial position as of 31 March 2016 and 31 December 2015 is as follows:


LIABILITIES OF EMPLOYMENT BENEFITS (continued)

:

Tingkat pengunduran diri

Tingkat cacat

30.


113,842,892

53,740,329,330

(35,297,336) 78,545,556 -

(85,296,632,035) (31,556,302,705) 31,670,145,597

Current Value - Defined Benefit Obligation Fair Value of Asset Deficit/ (Surplus) Ceiling Asset

78,545,556

113,842,892


141





30.

Rekonsiliasi perubahan pada liabilitas manfaat pensiun yang diakui di laporan posisi keuangan sebagai berikut:

Pengukuran kembali liabilitas/ aset periode berjalan Jumlah Pembayaran iuran periode berjalan Liabilitas Bersih Akhir Tahun/ Periode


113,842,892 (29,397,050)

6,952,080,571

(5,900,286)

(1,539,162,644)

(35,297,336)

5,412,917,927 (5,299,075,035)

Total Payment of dues for the period

78,545,556

113,842,892




(29,438,709,481)

(30,977,872,125)

(576,872,270)

1,539,162,644

(30,015,581,751)

(29,438,709,481)


Net Liabilities - Beginning of Year Cost of Employee Benefit C Amounts recognized in profit o or loss Remeasurement liabilities/assets current period

Reconciliation of profit (loss) of the actuarial program postemployee benefits are recognized in comprehensive income are following:


LIABILITIES OF EMPLOYMENT BENEFITS (continued) Reconciliation of changes in retirement benefit liabilities recognized in the statement of financial position as follows:



Lain

142

Other comprehensive incomebeginning of year Other comprehensive incomecurrent Total Other Comprehensive Income-Ending of Year





30.

b. Manfaat Karyawan

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) LIABILITIES OF EMPLOYMENT BENEFITS (continued) b. Employee Benefit

Perusahaan menyelenggarakan program manfaat PHK karyawan (post-retirement benefit) sesuai UndangUndang Ketenagakerjaan No.13 tahun 2003 tentang Penyelesaian Pemutusan Hubungan Kerja dan Penetapan Uang Pesangon. Ada pendanaan yang dilakukan sehubungan dengan program tersebut yaitu program manfaat karyawan perusahaan (Tabungan Perusahaan/TAPER) yang dikelola secara terpisah oleh Yayasan Kesejahteraan Karyawan Pembangunan Perumahan (YKKPP) yang didirikan dengan akte No.1 notaris Eliza Pondaag tanggal 1 Oktober 1960 dan telah beberapa kali mengalami perubahan, terakhir dengan akte No. 66 notaris Imas Fatimah, SH tanggal 3 Januari 1994. Jumlah karyawan yang berhak memperoleh manfaat tersebut sampai dengan 31 Maret 2016 dan 31 Desember 2015, masing-masing sebanyak 1.718 dan 1.718 karyawan.

The Company provides employees post retirement benefit program in accordance with the Labour law No.13 year 2003 on Settlement of Severance of Work Relation and Regulation of Separation Pay. In connection with the employee benefits program, the Company provides fund which is deposited in the Company's saving / TAPER and is managed separately by Yayasan Kesejahteraan Karyawan Pembangunan Perumahan (YKKPP) which was established by deed No.1 of the public notary Eliza Pondaag dated 1 October 1960 as was amended several times, the latest of which was by the deed No.66 of the public notary Imas Fatimah, SH dated 3 January 1994. The total number of employees eligible for the benefits until 31 March 2016 dan 31 December 2015, are 1.718 dan 1.718 employees respectively.

Penilaian beban manfaat karyawan dan aset (liabilitas) imbalan pasca kerja 31 Desember 2015, 2014 dan 2013 sesuai dengan PSAK No. 24 (Revisi 2013) dilakukan oleh PT Bestama Aktuaria, aktuaris independen dengan laporan No.15016/PP/EP/01/2016 tanggal 11 Januari 2016. Asumsi-asumsi aktuaria yang digunakan adalah sebagai berikut :

The assessment of employee benefit expense and asset (liability) of post-employment benefit as of 31 December 2015, 2014 and 2013 in accordance with SFAS No.24 (Revised 2013) was made by PT Bestama Aktuaria, independent actuaries with report No.15016/PP/EP/01/2016 dated 11 January 2016. The followings are the actuarial assumptions used:

Metode Perhitungan Aktuaria Tingkat Diskonto - 2016 & 2015 Tingkat Kenaikan Upah 2016 & 2015 Tingkat pengunduran diri

: : : :

Tingkat cacat

:

Projected Unit Credit Method 9,10% per tahun/each year 8,5% per tahun/each year 10% pada usia 20 tahun dan menurun secara linear sampai dengan 0 pada UPN 10 % at age 20 years decreased linearly to 0 (zero) on UPN 10% dari tingkat kematian/10% of mortality rate

143

: : : :

Valuation method of actuary Discount Rate - 2016 & 2015 Salary Growth - 2016 & 2015 Rate of Resignation

:

Rate of disability





30.

Rekonsiliasi liabilitas manfaat pasca kerja karyawan (TAPER) yang diakui di laporan posisi keuangan sebagai berikut:


114,214,005,744

(23,786,349,772) (23,786,349,772) 23,786,349,772

(138,000,355,516) (23,786,349,772) 23,786,349,772

-

-


Rekonsiliasi perubahan pada liabilitas imbalan kerja yang diakui di laporan posisi keuangan sebagai berikut:

Current Value - Defined Benefit Obligation Fair Value of Asset Deficit/ (Surplus) Ceiling up to Asset Net Liabilities End of the Year/ Period

Reconciliation of changes in employee benefits liabilities are recognized in the statement of financial position are following:


LIABILITIES OF EMPLOYMENT BENEFITS (continued) Reconciliation of post-employment employee benefit liabilities (Company's Saving) recognized in the statement of financial position are as follows:




-

10,035,241,485

8,083,548,938

Pengukuran kembali liabilitas/ aset periode berjalan Jumlah Pembayaran iuran periode berjalan

(6,935,241,485)

2,916,451,062

3,100,000,000 (3,100,000,000)

11,000,000,000 (11,000,000,000)


-

-

144

Net Liabilities-Beginning of Year Cost of Employee Benefit Amounts recognized in profit or loss Remeasurement liabilities/assets current period Total Payment of dues for the period Net Liabilities End of the Year/ Period





30.


LIABILITIES OF EMPLOYMENT BENEFITS (continued) Reconciliation of profit (loss) of the actuarial program postemployee benefits are recognized in comprehensive income as follows:




1,261,574,898

(1,654,876,164)

Other comprehensive incomebeginning of year

6,935,241,485

2,916,451,062

Other comprehensive income for the period

8,196,816,383

1,261,574,898

Other Comprehensive Income-Ending of Year


Lain

(Lihat Catatan No. 3s)

(See Notes No. 3s)

31. UTANG JANGKA PANJANG


LONG TERM LIABILITIES 31 Desember / December 2015

Pihak Ketiga PT CIMB Niaga Tbk Sub Jumlah Pihak Ketiga

Third Parties 57,434,629,218

119,111,299,960

57,434,629,218

119,111,299,960

Pihak Berelasi PT Bank BTN (Persero) Tbk PT Bank Syariah Mandiri PT Bank BRI (Persero) Tbk Lembaga Pembiayaan Ekspor Indonesia Sub Jumlah Pihak Berelasi Dikurangi bagian yang jatuh tempo dalam satu tahun : PT Bank BRI (Persero) Tbk PT Bank BTN (Persero) Tbk PT CIMB Niaga Tbk Lembaga Pembiayaan Ekspor Indonesia Jumlah Utang Jangka Panjang

PT CIMB Niaga Tbk Sub Total Third Parties Related Parties

285,530,250,000 46,392,083,333 21,098,814,219 44,906,802,359

344,610,000,000 178,852,571,778 26,990,777,064 47,738,140,653

PT Bank BTN (Persero) Tbk PT Bank Syariah Mandiri PT Bank BRI (Persero) Tbk Lembaga Pembiayaan Ekspor Indonesia

397,927,949,911

598,191,489,495

Sub Total Related Parties Less due in more than one year

12,659,288,535 50,000,000,000 9,995,036,919

16,879,051,380 90,075,078,012 25,899,436,041

432,708,253,675

584,449,224,022

145

PT Bank BRI (Persero) Tbk PT CIMB Niaga Tbk Lembaga Pembiayaan Ekspor Indonesia Total Long-Term Total







31.

LONG TERM LIABILITIES (continued)

a. PT CIMB Niaga Tbk Adalah utang bank atas Entitas Anak PT PP Properti. Utang kepada PT CIMB NIAGA Tbk merupakan Fasilitas Kredit Konstruksi (KYG) untuk pembangunan "Apartemen Grand Sungkono Lagoon Tower Venetian" beserta sarana/prasarana sesuai dengan Akta Perjanjian Kredit No. 13 tanggal 17 Nopember 2014 dari Notaris Ny Esther Agustina Ferdinandus S.H. Nilai maksimum Plafond Kredit sebesar Rp190.000.000.000 (seratus sembilan puluh milyar rupiah) dengan jangka waktu 42 (empat puluh dua) bulan dengan tingkat bunga sebesar 11% (sebelas persen) per tahun.

a. PT CIMB Niaga Tbk Is Loan for subsidiary company PT PP Properti. Loan to PT Bank CIMB NIAGATbk originated from Construction Credit Facility (KYG) for the construction of Grand Sungkono Lagoon Apartment Tower Venetian and its facilities and infrastructure, under Credit Agreement Number13 dated November 17, 2014 of the Notary Esther Agustina Ferdinandus S.H. The maximum value of the Credit Ceiling is Rp190.000.000.000 (one hundred and ninety billion rupiahs) for a period of 42 (fourty two) months with an interest rate of 11% (eleven percent) per annum.

b. PT UOB

b. PT DBS

Adalah utang bank atas Entitas Anak PT PP Peralatan. Merupakan pinjaman investasi dengan tingkat bunga 11% pa effective, jangka waktu 60 bulan, dengan jaminan aset bekisting dan kolom service senilai Rp12.615.563.463,61,- satu tower cranes senilai Rp3.817.489.030,- serta primary and secondary speed shore senilai Rp7.561.213.143,-.

Is Loan for subsidiary company PT PP Peralatan. An investment loan with an interest rate of 11% pa effective, a period of 60 months, with the guarantee asset and column service IDR12,615,563,463.61, - one tower cranes IDR3,817,489,030, and then primary and secondary speed shore IDR7,561,213,143, -. c. PT Bank BTN (Persero) Tbk

c. PT Bank BTN (Persero) Tbk Fasilitas kredit pada entitas anak - PT PP Pracetak:


Merupakan hutang bank kepada bank BTN sesuai perjanjian kredit swadana No.00211201412290000007 tanggal 31 Desember 2014 perihal perjanjian kredit dengan persyaratan sebagai berikut:

Long Term Bank Loan based on Swadana Agreement No.00211201412290000007 dated 31 December 2014 regarding the credit agreement with the following requirements:

-

Rp50.000.000.000 13 Bulan 0,75% di atas bunga deposito deposito sebesar Rp56.000.000.000 Perjanjian Kredit Swadana No. 002112015093000002 Tanggal 30 September 2015 perihal Perjanjian Kredit dengan ketentuan:

-

-

-



= = = =

= = = =


= = = =


Swadana Credit Agreement Number 002112015093000002 Dated 30 September 2015 regarding the Credit Agreement with the following provisions:

Rp11.960.000.000 16 Bulan 0,75% di atas bunga deposito deposito sebesar Rp13.000.000.000

146


= = = =








31.

LONG TERM LIABILITIES (continued) c. PT Bank BTN (Persero) Tbk (continued)

c. PT Bank BTN (Persero) Tbk (lanjutan) Perjanjian Kredit Swadana No. 0021120151229000001 Tanggal 29 Desember 2015 perihal Perjanjian Kredit dengan ketentuan:

Swadana Credit Agreement Number 0021120151229000001 Dated December 29, 2015 under the following provisions:

-

Rp38.000.000.000 13 Bulan 0,75% di atas bunga deposito deposito sebesar Rp40.000.000.000 Perjanjian Kredit Swadana Tanggal 31 Desember 2015 perihal Perjanjian Kredit No. 0021120151231000003 dengan limit kredit Rp30.000.000.000; No. 0021120151230000003 dengan limit kredit Rp38.000.000.000; No. 0004720151230000010 dengan limit kredit Rp10.000.000.000; Jaminan pinjaman adalah deposito sejumlah Rp81.200.000.000 dengan ketentuan sebagai berikut:

-

- Masa Pinjaman = 13 Bulan - Tingkat Bunga = 0,75% di atas bunga deposito

- Loan Period - Interest Rate


Credit facility in subsidiary - PT PP Propertiy:

Utang Bank Jangka Panjang sebesar Rp250.000.000.000 (dua ratus lima puluh milyar rupiah) merupakan kewajiban kepada PT Bank Tabungan Negara (Persero) Tbk sesuai akta Perjanjian No.1571 tanggal 30 Desember 2014 oleh Notaris Joko Suryanto, SH dengan jangka waktu 60 (enam puluh) bulan dengan tingkat suku bunga sebesar 11,50% (sebelas koma lima nol persen) per tahun.

Long-Term Bank Loans for IDR250,000,000,000 (two hundred and fifty billion rupiahs) an obligation to the PT Bank Tabungan Negara (Persero), Tbk appropriate certificate No. 1571 Agreement dated 30 December 2014 by Notary Joko Suryanto, SH with a period of 60 (sixty) months with an interest rate of 11.50% (eleven point five zero percent) per year.

Agunan atas fasilitas yang diterima adalah tanah lokasi proyek dan bangunan yang telah ada maUpun yang akan berdiri atas tanah Apartemen Grand Kamala Lagoon Tower Emerald South & North berlokasi di kelurahan Pekayon Jaya, kecamatan Pekayon Jaya, kota Bekasi seluas lebih kurang 8.940 m2 (delapan ribu sembilan ratus empat puluh) dan bukti kepemilikan SHGB No. 8475 dan APH No. 8 tanggal 22 Februari 2014.

Collateral received for facility project site is land and existing buildings or would be standing on the ground of Apartement Grand Kamala Lagoon Tower Emerald South and North is located in the Pekayon Jaya Village, Sub Pekayon Jaya, Bekasi area of approximately 8,940 m2 (eight thousand nine hundred and forty) and proof of ownership SHGB No. 8475 and APH No. 8 dated 22 February 2014.


= = = =


= = = =


Swadana Credit Agreement dated December 31, 2015 No. 0021120151231000003 with credit limit IDR30,000,000,000; No. 0021120151230000003 with credit limit IDR38,000,000,000; No. 0004720151230000010 with credit limit IDR10,000,000,000. The loan collateral is pledged deposits amount IDR81,200,000,000 under the following provisions:

147

= 13 Months = 0.75% above the deposit rate







31.

LONG TERM LIABILITIES (continued) d. PT Bank Rakyat Indonesia (Persero) Tbk

d. PT Bank Rakyat Indonesia (Persero) Tbk Fasilitas kredit pada entitas anak - PT PP Pracetak:


Merupakan hutang bank kepada bank BRI sesuai perjanjian kredit No.120-KC-XIV/ADK/SH01/12/2014 tanggal 31 Desember 2014 dengan persyaratan sebagai berikut: - Limit Kredit = Rp68.000.000.000 - Masa Pinjaman = 2 Tahun - Tingkat Bunga = 1% di atas bunga deposito - Jaminan = deposito sebesar Rp72.000.000.000 Fasilitas kredit pada entitas anak - PT PP Peralatan:

is loan from Bank BRI with the letter of Credit Agreement No.120-KC-XIV/ADK/SH01/12/2014 dated 31 December 2014 with the following requirements:

Pada tanggal 20 Desember 2012 perusahaan mendapatkan fasilitas kredit sebesar Rp13.500.000.000,dari bank BRI Kalibata dengan jaminan 5 unit Tower Crane seharga Rp15.000.000.000,- dengan tingkat bunga 11,5% pertahun dengan jangka waktu selama 4 tahun.

On December 20, 2012 the company obtain credit facilities amounting IDR13,500,000,000, - of BRI Kalibata with guaranteed 5 units of Tower Crane for IDR15,000,000,000, with an interest rate of 11.5% pa for a period of 4 years.


Credit facility in subsidiary - PT PP Properti:

Utang Bank Jangka Panjang merupakan kewajiban kepada PT Bank Rakyat Indonesia (Persero) Tbk sesuai akta Perjanjian No.146 tanggal 22 Juli 2014 oleh Notaris Meri Efda, SH dengan jangka waktu 36 (tiga puluh enam) bulan dengan tingkat suku bunga sebesar 12,50% (dua belas koma lima nol persen) per tahun.

Long-Term Bank Loans an obligation to PT Bank Rakyat Indonesia (Persero), Tbk according deed 146 Agreement dated 22 July 2014 by Notary Meri Efda, SH with a period of 36 (thirty six) months with an interst rate of 12.50% (twelve point five zero percent) per year.

Agunan atas fasilitas yang diterima adalah sebidang tanah Hak Guna Bangunan No. 1989/Dukuh Pakis, Kelurahan Dukuh Pakis, Kecamatan Dukuh Pakis, Surabaya seluas 1.865 m2

Collateral received for facility is a plot of land area of 1,865 m2 which HGB No. 1989 / Dukuh Pakis, Dukuh Pakis Village, Dukuh Pakis District, Surabaya.

-


= = = =

IDR68,000,000,000 2 Years 1% above the deposit rate deposit IDR72,000,000,000




Adalah utang bank atas Entitas Anak PT PP Peralatan. Pinjaman pada Bank Syariah Mandiri merupakan pinjaman dengan jenis pembiayaan Almurobahah dengan ekspektasi rate mulai bulan ke 4, tingkat bunga 10% - 15% termasuk jasa pa effective, jatuh tempo pinjaman tanggal 28 Nopember 2016, dengan jaminan seluruh aset jenis scaffolding dan PCH.

Is loan for Subsidiary company PT PP Peralatan. Loan from Bank Syariah Mandiri is a loan with the expectation that this type of financing Almurobahah rate starting in the 4th, the interest rate of 10% - 15% effective pa including services, loan maturity date of November 28, 2016, with the guarantee of all assets types of scaffolding and PCH.

148





31.

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) LONG TERM LIABILITIES (continued)





Merupakan hutang bank kepada PT Bank Syariah Mandiri sesuai perjanjian kredit No.17/035/CB1FOG/III/2015/MSYR-MMQ tanggal 27 Maret 2015 dengan fasilitas pembiayaan modal/penyertaan musyarakah sejumlah Rp43.425.000.000 (empat puluh tiga miliar empat ratus dua puluh lima juta rupiah).

is loan from PT Bank Syariah Mandiri with the letter of Credit Agreement No.17/035/CB1-FOG/III/2015/MSYR-MMQ dated 27 March 2015 with capital financing facility / inclusion musyarakah IDR43,425,000,000 (forty three billion four hundred twenty five million rupiah).

f. Lembaga Pembiayaan Ekspor Indonesia

f.

Lembaga Pembiayaan Ekspor Indonesia



Pinjaman pembiayaan modal kerja ekspor dari LPEI, sesuai dengan akta Perjanjian Kredit Modal Kerja Ekspor No.15 tanggal 16 April 2013 notaris Ashoya Ratam S.H., M.kn. 1. Fasilitas Kredit Investasi Untuk pembiayaan pabrik investasi tiang pancang dengan plafond Rp 71.000.000.000 (tujuh puluh satu milyar rupiah), jangka waktu 5 tahun dengan tingkat bunga 10,25 %.

Export working capital loan of LPEI, in accordance with the deed of Export Working Capital Loan Agreement No.15 dated 16 April 2013, Ashoya Ratam SH notary, M.Kn. 1 Investment Credit Facility . For investment with plafond IDR 71.000.000.000 (seventy one billion rupiahs) for 5 year with interest rate 10,25%.

Jaminan atas fasilitas kredit tersebut adalah sebagai berikut: - Piutang proyek Kalibaru - Bangunan Pabrik Tiang pancang, mesin dan peralatan pabrik tiang pancang yang berlokasi di Desa Margasari Kecamatan Pulau Ampel Kabupaten Serang Banten. - Persediaan bahan baku dan barang jadi tiang pancang yang berlokasi di Desa Margasari Kecamatan Pulau Ampel Kabupaten Serang Banten.




Merupakan pinjaman investasi dengan tingkat bunga 10,5 % pa effective dengan jangka waktu 48 bulan dan dengan jaminan peralatan berat proyek Dermaga Kalibaru senilai Rp32.836.000.000,- dua tower cranes senilai Rp.6.370.650.000,-, crawler crane sunny 80 ton 2 unit senilai Rp12.931.875.000,-, crawler crane sunny 150 ton 1 unit senilai Rp12.224.025.000,-, crawler sumitomo 150 ton 1 unit senilai Rp9.212.500.000,-, serta excavator komatsu PC-200 senilai Rp4.410.450.000,-

An investment loan with an interest rate of 10.5% pa effective with a period of 48 months and with the assurance of heavy equipment worth IDR32,836,000,000 Dermaga Kalibaru dock project, -, two tower cranes IDR6,370,650,000, crawler cranes sunny 80 tons 2 units IDR12,931,875,000, 150 tons crawler crane sunny 1 unit IDR12,224,025,000, sumitomo crawler 150 tons 1 unit IDR9,212,500,000, and excavator komatsu pc-200 IDR4,410,450,000.

(Lihat Catatan No. 6, 10 dan 20)

(See Notes No. 6, 10 and 20)

149




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 32. UTANG OBLIGASI


Jumlah

BOND LIABILITIES 31 Desember / December 2015

Obligasi Berkelanjutan I PP Tahap I Tahun 2013 dan II Tahun 2015 Utang Pokok Obligasi Biaya Emisi yang belum diamortisasi


PP Bonds I Phase I in 2013 and Phase II in 2013

1,000,000,000,000 (1,222,966,738)

1,000,000,000,000 (1,364,337,580)

Bonds Payable Principle Unamortized Cos

998,777,033,262

998,635,662,420

Total

PT PP (Persero) Tbk telah menerima pernyataan efektif dari Kepala Eksekutif Pengawas Pasar Modal Otoritas Jasa Keuangan dengan surat No.S-46/D.04/2012 tanggal 11 Maret 2013 untuk Penawaran Umum Obligasi Berkelanjutan I PP Tahap I Tahun 2013 ("Obligasi").

The Company has received effective statement from the Chief Executive of Capital Market Supervisory - Financial Services Authority, with his letter No.No. S-46/D.04/2012 dated 11 March 2013, for its bonds continuing public offering phase I PP for the year 2013.


Obligasi Berkelanjutan I PP Tahap I Tahun 2013 / Bonds Continuing Public Offering Phase I for the Year 2013

Kode Obligasi / Bond Code Kode ISIN / ISIN Code Nilai Emisi / Emissions Value Tingkat Bunga / Interest Rate Jangka Waktu / Period Tanggal Penerbitan / Date of Issuance Tanggal Jatuh Tempo / Due Date Pembayaran Bunga / Interest Payment Tanggal Pembayaran Bunga Pertama / First Interest Payment Date/ Trustee Wali Amanat

PTPP01CN1 IDA00057707 Rp700.000.000.000,- / IDR700,000,000,000 8,375% per tahun / 8,375 % per annum 5 Tahun / 5 Years 19 Maret 2013 / 19 March 2013 19 Maret 2018 / 19 March 2018 3 Bulanan / 3 Monthly 19 Juni 2013 / 19 June 2013 PT Bank Permata Tbk

150




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 32. UTANG OBLIGASI (lanjutan)

32.

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) BOND LIABILITIES (continued)


Obligasi Berkelanjutan I PP Tahap 2 Tahun 2015 / Bonds Continuing Public Offering Phase II for the Year 2015

Nilai Emisi / Emissions Value Tingkat Bunga / Interest Rate Jangka Waktu / Period Tanggal Penerbitan / Date of Issuance Tanggal Jatuh Tempo / Due Date Pembayaran Bunga / Interest Payment Tanggal Pembayaran Bunga Pertama / First Interest Payment Date/ Trustee Wali Amanat

Rp300.000.000.000,- / IDR300,000,000,000 10,20% per tahun / 10.20 % per annum 5 Tahun / 5 Years 24 Pebruari 2015 / 24 February 2015 24 Pebruari 2020 / 24 February 2020 3 Bulanan / 3 Monthly 24 Mei 2015 / 24 May 2015 PT Bank Permata Tbk

33. UTANG JANGKA PANJANG LAINNYA

33.

Merupakan saldo utang jangka panjang lainnya terdiri dari :

OTHER LONG TERM LIABILITIES The account represent balance of other long term liabilities consisting of:



Beban pemeliharaan proyek

201,586,003,217

44,515,997,292

Project Maintenance Expenses

Jumlah Utang Jangka Panjang Lainnya

201,586,003,217

44,515,997,292

Total Other Long Term Liabilities

Utang beban pemeliharaan proyek merupakan cadangan biaya yang akan digunakan selama masa pemeliharaan proyek konstruksi.

Project maintenance expenses payable represent allowance for maintenance of project constructions during their maintenance period.

(Lihat Catatan No.3u)

(See Note No.3u)

151






(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 34. MODAL SAHAM

34.

SHARE CAPITAL

Modal dasar, modal ditempatkan dan disetor penuh Perusahaan per 31 Maret 2016 dan 31 Desember 2015 adalah sebagai berikut :

Authorized Capital, issued and paid in capital of the company as of 31 March 2016 and 31 December 2015 are as follow:

31 Maret / March 2016 Modal Dasar 15.000.000.000 saham, nilai nominal @ Rp. 100 setiap saham setiap saham per 31 Maret 2016 dan 31 Desember 2015 Saham Yang belum ditempatkan Saham Yang ditempatkan dan disetor penuh Tambahan Modal Disetor Selisih nilai nominal saham dengan penerimaan hasil Penawaran Umum Saham


1,500,000,000,000

1,500,000,000,000

Authorized capital: 15,000,000,000 common shares @ IDR 100 per share as of 31 March 2016 and 31 December 2015

(1,015,756,350,000)

(1,015,756,350,000)

484,243,650,000

484,243,650,000

477,929,190,000

477,929,190,000

Biaya Emisi Saham Selisih Nilai Transaksi Restrukturisasi Entitas Sepengendali

(15,762,737,159) (30,321,082,983)

(15,762,737,159) (30,321,082,983)

Share in issuance cost Difference in value of restructuring transaction among entities under common control

Total Tambahan Modal disetor

431,845,369,858

431,845,369,858

Total Additional paid in capital

Modal ditempatkan dan disetor serta tambahan modal disetor

916,089,019,858

916,089,019,858

Subscribed and paid in capital and additional pain in capital

Susunan pemegang saham Perusahaan per 31 Maret 2016 dan 31 Desember 2015 adalah sebagai berikut : Pemegang Saham


Un-subscribed Subscribed and paid in capital Additional paid in capital Difference in par value between par value and IPO

The composition of the shareholders of the Company as of 31 March 2016 and 31 December 2015 are as follows :

31 Maret / March 2016 % Kepemilikan / Ownership %

Nilai Nominal / Par Value

Shareholders


2,469,642,760

51.00%

246,964,276,000

122,261,534 2,250,532,206

2.52% 46.48%

12,226,153,400 225,053,220,600


Jumlah

4,842,436,500

100%

484,243,650,000

Total

152






Pemegang Saham

34.



31 Desember / December 2015 % Kepemilikan / Nilai Nominal / Ownership % Par Value

Shareholders


2,469,642,760

51.00%

246,964,276,000

194,279,734 2,178,514,006

4.01% 44.99%

19,427,973,400 217,851,400,600


Jumlah

4,842,436,500

100%

484,243,650,000

Total


Sesuai dengan akta Pernyataan Keputusan Pemegang Saham Diluar Rapat dan Perubahan Anggaran Dasar Perusahaan Perseroan (Persero) PT Pembangunan Perumahan No. 16 tanggal 15 Oktober 2009 notaris Imas Fatimah, SH, diputuskan antara lain sebagai berikut :

In accordance with the decision of shareholders taken out of their general meeting and the deed No. 16 dated 15 October 2009 of the notary Imas Fatimah, SH, on amendment of the Company' articles of association, it is agreed that:

-

Menyetujui Penambahan Modal Dasar perusahaan dari semula Rp. 400.000.000.000 (empat ratus milyar rupiah) menjadi sebesar Rp. 1.500.000.000.000 (satu triliun lima ratus milyar rupiah).

- The authorized capital of the Company is increase from initially IDR400,000,000,000 (four hundred billion rupiahs) to IDR1,500,000,000,000 (one trillion and five hundred billion rupiahs);

-

Menyetujui Perubahan nilai nominal saham yang semula sebesar Rp 500 (lima ratus rupiah) menjadi sebesar Rp 100 (seratus rupiah).

- The par value of shares is increased from initially IDR500 each to IDR100 each;

-

Menyetujui Pengeluaran saham baru perusahaan sejumlah 2.703.460.000 saham atau seluruhnya sebesar Rp270.346.000.000 yang berasal dari kapitalisasi cadangan perusahaan sampai dengan tahun 2008 yang dibagikan kepada :

-

2,703,460,000 new shares totaling IDR270,346,000,000 will be issued, originating from capitalizing of the Company's reserve until 2008. The shares will be distributed to:

- Negara RI sejumlah 1.378.764.600 saham atau sebesar Rp137.876.460.000.

- The Government of RI: 1,378,764,600 shares or amounting to IDR137,876,460,000.

- Koperasi Karyawan Pemegang Saham PT PP (Persero) sejumlah 1.324.695.400 saham atau sebesar Rp.132.469.540.000.

- Employees Cooperative - the shareholder of PT PP (Persero): 1,324,695,400 shares or amounting to IDR132,469,540,000.

Sesuai dengan akta Pernyataan Keputusan Pemegang Saham Di Luar Rapat dan Perubahan Anggaran Dasar PT Pembangunan Perumahan No. 02 tanggal 5 Januari 2010 notaris Imas Fatimah, SH dan telah mendapat persetujuan dari Menteri Hukum dan Hak Asasi Manusia dengan keputusan No. AHU-00127.AH.01.02 Tahun 2010 tanggal 5 Januari 2010 tentang Persetujuan Akta Perubahan Anggaran Dasar Perseroan, telah diputuskan antara lain halhal sebagai berikut:

In accordance with the decision of shareholders taken out of their general meeting the notary deed No. 02 dated 5 January 2010 of the notary Imas Fatimah, SH on amendment of the Company's articles of association as was approved by the Minister of Law and Human Right of the Republic of Indonesia with the letter No. AHU-00127.AH.01.02 Year 2010 dated 5 January 2010, it is approved that:

153





34.


-

Menyetujui hibah saham sebanyak 40% atau 529.878.160 saham atau sebesar Rp. 52.987.816.000 dari bagian koperasi Karyawan Pemegang Saham PT PP (Persero) yang berasal dari cadangan perusahaan kepada Negara RI.

- 40% of share of the employees cooperative equivalent IDR52,987,816,000 originating from the Company's reserve is transferred to the Government of the Republic of Indonesia;

-

Komposisi kepemilikan saham adalah sebagai berikut : Negara RI sejumlah 2.469.642.760 saham atau sebesar Rp246.964.276.000 atau 64,93%. Koperasi Karyawan Pemegang Saham PT PP (Persero) Tbk sejumlah 1.333.817.240 saham atau Rp. 133.381.724.000,- atau 35,07%. Menyetujui penjualan saham baru perusahaan kepada masyarakat 1.038.976.784 saham atau sebesar 21,46% dari jumlah saham yang telah ditempatkan dan disetor setelah penerbitan saham baru.

- The shareholders of the Company become: the Republic of Indonesia: 2,469,642,760 (64,93%) equivalent IDR246,964,276,000 . Employees Cooperative - shareholder of PT PP ( Persero) Tbk: 1,333,817,240 (35,07%) equivalent IDR133,381,724,000,-. - It is also approved that 1,038,976,784 new shares, equivalent 21,46% of subscribed and paid in capital, will be issued and offered to public.

Perusahaan telah menerima pernyataan efektif dari Ketua BAPEPAM - LK dengan surat No: S-858/BL/2010 tanggal 29 Januari 2010 untuk melakukan penawaran perdana kepada masyarakat atas 1.038.976.500 lembar saham Seri B baru dengan nilai nominal Rp 100 per saham dan harga penawaran Rp 500 per saham. Saham-saham tersebut dicatatkan pada Bursa Efek Indonesia tanggal 09 Februari 2010. Seluruh saham perusahaan sebanyak 4.842.436.500 lembar saham pada tahun 2010 telah dicatatkan pada Bursa Efek Indonesia.

The Company has received Effective Statement No: S858/BL/2010 on January 29th 2010 from the Head of Capital Market and Financial Institution Supervisory Agency (BAPEPAM - LK) for limited public offering of 1,038,976,500 shares of B Series of par value of IDR 100 per share, at an offering price of IDR 500 per share. Those shares were listed in the Indonesia Stock Exchange on February 9th 2010. All of the Company's 4,842,436,500 shares in 2010 have been listed in the Indonesian Stock Exchange.

Komposisi kepemilikan saham setelah IPO menjadi sebagai berikut : RI sejumlah 2.469.642.760 saham atau sebesar - Negara Rp246.964.276.000,- atau 51%.

The the shareholders after the IPO are: - The Government of RI : 2.469.642.760 shares (51%) equivalent IDR246,964,276,000.

-

Koperasi Karyawan Pemegang Saham PT PP (Persero) Tbk sejumlah 122.261.534 saham atau Rp12.226.153.400,- atau 2,52%

- Employees Cooperative - the shareholder of PT PP (Persero) Tbk: 122.261.534 shares (2.52%) equivalent IDR12,226,153,400.

-

Publik sejumlah 2.250.532.206 Rp225.053.220.600,- atau 46,48%.

- The public: 2.250.532.206 shares (46.48%) equivalent IDR225,053,220,600.

-

saham

atau

Pada bulan Juni 2013, Perusahaan mengakuisisi 99,99 % saham PT Prakarsa Dirganeka (PDA) dengan nilai perolehan sebesar Rp29.000.000.000, dari YKKPP, pihak berelasi dan berada dibawah pengendalian yang sama dengan Perusahaan. Nilai buku PDA pada tanggal akuisisi sebesar Rp29.190.393.598. Selisih antara aset bersih yang diakuisisi berdasarkan nilai buku dengan biaya perolehan sebesar Rp190.393.598 dicatat sebagai selisih transaksi restrukturisasi entitas sepengendali dalam akun ekuitas.

In June 2013, the Company acquired 99,99% ownership in PT Prakarsa Dirganeka (PDA), with an acquisition cost of IDR29,000,000,000, from YKKPP, a related party and an entity under common control. PDA’s book value on acquisition date amounted to IDR29,190,393,598. The difference of IDR190,393,598 between the book value of the acquired net assets and the acquisition cost is recorded in equity as difference in value of restructuring transaction among entities under common control.

154





34.

Pada bulan Juni 2014, Perusahaan mengakuisisi 99,98 % saham PT Primajasa Aldodua dengan nilai perolehan sebesar Rp44.336.744.552, dari YKKPP, pihak berelasi dan berada dibawah pengendalian yang sama dengan Perusahaan. Nilai buku PT Primajasa Aldodua pada tanggal akuisisi sebesar Rp44.004.864.237. Selisih antara aset bersih yang diakuisisi berdasarkan nilai buku dengan biaya perolehan sebesar (Rp338.756.075) dicatat sebagai selisih transaksi restrukturisasi entitas sepengendali dalam akun ekuitas.

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) SHARE CAPITAL (continued) In June 2014, the Company acquired 99,98% ownership in PT Primajasa Aldodua, with an acquisition cost of IDR44,336,744,552. from YKKPP, a related party and an entity under common control. PT Primajasa Aldodua book value on acquisition date amounted to IDR44,004,864,237. The difference of (IDR338,756,075) between the book value of the acquired net assets and the acquisition cost is recorded in equity as difference in value of restructuring transaction among entities under common control.

(Lihat Catatan No.2)

(See Note No.2)

35. KEPENTINGAN NON PENGENDALI

35.

a. Hak Non Pengendali atas Aset Bersih

NON CONTROLLING INTEREST a. Non Controlling Rights over the Net Assets

31 Maret 2016 / March 2016 Nilai Tercatat Awal / Pemilikan Initial Carrying /Ownership Amount

Penambahan/ Pengurangan Addition/ Reduction



35.040% 0.001% 0.020%

737,173,490,605 2,233,141 19,596,761

31,732,022,941 22,699 1,456,247

768,905,513,546 2,255,840 21,053,008

737,195,320,507

31,733,501,888

768,928,822,395

31 Desember 2015 / December 2015 Penambahan/ Nilai Tercatat Awal Pengurangan / Pemilikan Initial Carrying Addition/ /Ownership Amount Reduction



35.040% 0.001% 0.020%

155

1,033,983,493 1,654,451 13,943,794

736,139,507,112 578,690 5,652,967

737,173,490,605 2,233,141 19,596,761

1,049,581,738

736,145,738,769

737,195,320,507




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 35. KEPENTINGAN NON PENGENDALI (lanjutan)

35.

b. Hak Non Pengendali atas Laba (Rugi) Bersih Entitas Pemilikan /Ownership

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) NON CONTROLLING INTEREST (continued) b. Non Controlling Rights to the Subsidiary's Net Profit or Loss




35.040% 0.001% 0.020%

36. PENDAPATAN USAHA

36.

Merupakan pendapatan usaha periode yang berakhir 31 Maret 2016 dan 2015 terdiri dari:

81,655,189 39,990 1,333,008

31,733,501,888

83,028,187

REVENUE Represent of Revenue for the years ended 31 March 2016 and 2015:

31 Maret / March 2016 Jasa Konstruksi EPC (Engineering, Procurenment Construction) Properti dan Realti Pracetak Peralatan Jumlah Pendapatan Usaha

31,732,022,941 22,699 1,456,247


1,771,259,149,953

1,390,656,818,577

239,010,591,014 545,984,733,614 14,857,127,418 16,569,262,888 2,587,680,864,887

163,358,348,875 409,124,949,850 18,655,485,018 1,981,795,602,320

Construction EPC (Engineering, ProcurenmentConstruction) Properti and Realty Precast Equipment Total Revenue

Sebesar Rp742.545.209.908,- atau 28,70% pada periode 31 Maret 2016 dan Rp471.879.705.332,- atau 23,81% pada periode 31 Maret 2015 , dari pendapatan usaha merupakan pendapatan usaha dari pihak-pihak yang berelasi.

The amount of IDR742.545.209.908 or equal 28,70% as at 31 March 2016 and IDR471.879.705.332 or 23.81% as at 31 March 2015 sales from related parties.

Rincian pendapatan usaha berdasarkan pihak-pihak berelasi dan pihak ketiga:

The details of revenue based on related parties and third parties:



Pihak Ketiga PT GE Operation Indonesia PT Misi Mulia Petronusa PT Duta Anggada Realty Tbk PT Trans Marga Jateng PT Semen Padang Dipindahkan

Third Parties 162,539,631,054 59,438,825,315 57,815,316,279 54,041,996,426 37,685,469,398 371,521,238,472

19,549,618,000 12,067,883,816 4,672,614,225 36,290,116,041

156

PT GE Operation Indonesia PT Misi Mulia Petronusa PT Duta Anggada Realty Tbk PT Trans Marga Jateng PT Semen Padang Carried Forward





36. 31 Maret / March 2016 371,521,238,472 30,779,792,157 30,618,940,000 29,463,607,855 26,226,033,232 25,488,449,150 25,078,267,903

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) REVENUE (continued) 31 Maret / March 2015 36,290,116,041 18,559,401,315 6,435,542,718 19,116,201,390 -

Pindahan PT Kalla Inti Karsa PT Servo Lintas Raya PT Satria Pusaka Permata Perkasa PT Citicon Propertindo PT Cahaya Bandung Jaya Dep.Perhubungan, Dirjen Perhubungan, Unit Penyelenggara PT Pakuwon Jati Tbk 24,971,472,259 PT Pahala Agung 24,850,999,613 Dinas PU DKI Jakarta 24,436,651,120 PT Graha Masindo Pratama 23,195,982,491 PT Pakuwon Permai 22,979,162,390 Dinas Bina Marga dan Tata Ruang 22,605,131,761 PT Triniti Dinamik 21,644,808,726 PT Sarana Meditama Anugerah 21,289,646,413 PT Mahardika Agung Lestari 19,820,292,340 19,536,124,977 Kementrian PUPR, Dirjen Bina Marga, Satker PJN Metropolitan Yayasan Perguruan Tinggi Kristen Petra - Surabaya 19,534,603,717 PT Sutera Agung Properti 18,792,211,000 Dinas PU 18,426,120,574 PT Centurion Perkasa Iman 18,397,994,472 17,337,646,112 PT Sinar Galesong Pratama-PT Ciputra Victory Mitra.JO PT Greenland Garden Realty 16,795,437,806 PT Bumi Megah Graha Asri 16,243,470,141 PT Grage Trimitra Usaha 16,047,840,538 PT Perkasa Internusa Mandiri 16,035,799,917 SNVT PJSA BWS Sulawesi I 15,991,801,994 PT Multi Karya Utama Abadi 15,969,829,605 PT Kuala Jaya Realty 15,171,968,815 15,022,974,893 Kementrian PU dan Perumahan Rakyat PT Megatama Putra 13,854,998,846 13,290,368,686 Kementrian PU dan Perumahan Rakyat, Sumatera Utara PT Freeport Indonesia 12,961,423,560 Dipindahkan 1,024,381,091,535

Brought Forward PT Kalla Inti Karsa PT Servo Lintas Raya PT Satria Pusaka Permata Perkasa PT Citicon Propertindo PT Cahaya Bandung Jaya Dep.Perhubungan, Dirjen Perhubungan, Unit Penyelenggara 53,333,928,453 PT Pakuwon Jati Tbk 4,953,891,138 PT Pahala Agung 9,556,158,655 Dinas PU DKI Jakarta 12,520,435,261 PT Graha Masindo Pratama 24,313,674,695 PT Pakuwon Permai 25,605,907,241 Dinas Bina Marga dan Tata Ruang PT Triniti Dinamik PT Sarana Meditama Anugerah PT Mahardika Agung Lestari Kementrian PUPR, Dirjen Bina Marga, Satker PJN Metropolitan 20,508,835,000 Yayasan Perguruan Tinggi Kristen Petra - Surabaya 10,558,133,200 PT Sutera Agung Properti Dinas PU 2,068,505,000 PT Centurion Perkasa Iman 12,684,673,068 PT Sinar Galesong Pratama-PT Ciputra Victory Mitra.JO PT Greenland Garden Realty PT Bumi Megah Graha Asri 33,674,640,376 PT Grage Trimitra Usaha 9,797,172,545 PT Perkasa Internusa Mandiri 11,527,186,216 SNVT PJSA BWS Sulawesi I PT Multi Karya Utama Abadi 9,977,539,408 PT Kuala Jaya Realty Kementrian PU dan Perumahan Rakyat 10,467,355,960 PT Megatama Putra Kementrian PU dan Perumahan Rakyat, Sumatera Utara 47,342,033,600 PT Freeport Indonesia 379,291,331,280 Carried Forward

157





Pindahan PT Nusantara Prospekindo Sukses PT Prima Bintaro Royale PT Pekanbaru Permai Propertindo PT Warna Warni Investama Universitas Padjajaran PT Samator Land PT Petrokimia Gresik PT Cassia Resort Investment PT Trimitra Propertindo PT Sejahtera Alam Energy Balai Besar Wilayah Sungai Pemali Juana PT Tribuana Jaya Raya PT Trans Ritel Properti PT Graha Senggigi PT Kebayoran Puspita PT Illia Persada Dinas PU Kalimantan Timur Dinas PU Kabupaten Nunukan PT Galuh Citarum Dinas PU SNVT Bengawan solo Kementerian Infrastruktur Timor Leste PT Radinka Quatro Land PT Prioritas Land Indonesia PT Duta Senawijaya Mandiri PT Asia Tritunggal Jaya Satker Pelaksanaan Jalan Nasional Prov. Kepri PT Kurnadi Abadi PT Hotel Nirwana PT Merpati Abadi Sejahtera PT Mandiri Cipta Gemilang PT Graha Utama Development PT Puri Pariwara PT Emer Citra Agung PT Energi Prima Nusantara Dipindahkan

36.


31 Maret / March 2016 1,024,381,091,535 12,772,779,890 12,614,067,631 12,604,336,062 12,164,000,000 10,678,566,353 10,388,820,000 9,795,624,828 9,432,117,057 8,890,680,078 8,842,849,352 7,979,123,876

31 Maret / March 2015 379,291,331,280 10,058,731,291 9,304,469,065 13,828,953,533 25,415,000,000 -

7,763,980,553 7,149,950,656 7,019,609,359 6,159,383,385 6,099,548,814 6,044,128,750 6,005,516,000 5,662,261,089 5,468,968,532 5,126,243,812 4,908,304,108 4,738,658,528 4,206,728,028 4,061,759,090 3,641,533,349

3,359,320,070 30,054,218,000 12,694,369,356 5,785,071,662 8,759,183,212 19,270,639,499 5,925,673,488 21,789,292,792 12,044,723,373 -

3,503,657,349 3,378,024,077 3,188,510,675 2,716,261,816 2,581,254,500 2,515,319,523 2,264,098,182 2,197,591,097 1,246,945,347,934

4,460,225,153 2,133,409,212 564,174,610,986

158

Brought Forward PT Nusantara Prospekindo Sukses PT Prima Bintaro Royale PT Pekanbaru Permai Propertindo PT Warna Warni Investama Universitas Padjajaran PT Samator Land PT Petrokimia Gresik PT Cassia Resort Investment PT Trimitra Propertindo PT Sejahtera Alam Energy Balai Besar Wilayah Sungai Pemali Juana PT Tribuana Jaya Raya PT Trans Ritel Properti PT Graha Senggigi PT Kebayoran Puspita PT Illia Persada Dinas PU Kalimantan Timur Dinas PU Kabupaten Nunukan PT Galuh Citarum Dinas PU SNVT Bengawan solo Kementerian Infrastruktur Timor Leste PT Radinka Quatro Land PT Prioritas Land Indonesia PT Duta Senawijaya Mandiri PT Asia Tritunggal Jaya Satker Pelaksanaan Jalan Nasional Prov. Kepri PT Kurnadi Abadi PT Hotel Nirwana PT Merpati Abadi Sejahtera PT Mandiri Cipta Gemilang PT Graha Utama Development PT Puri Pariwara PT Emer Citra Agung PT Energi Prima Nusantara Carried Forward





Pindahan Dinas Kesehatan Provinsi Pekanbaru PT Graha Sarana Duta PT Tiara Abadi Nirmala PT Graha Satu Tiga Tujuh Kementrian PU SNVT PJSA Sumatera II PT Prasetya Agung Cipta Abadi Kementerian PU & PR Cipta Karya KRIMSUS PT Duta Indah Iconic PT Sekar Atha Sentosa DPU Kabupaten Serang KG-NRC CONSORSIUM Hyundai Engineering & Construction Co., Ltd Dinas PU Kabupaten Bulungan PT Win Win Realty Centre PT Graha Kencana Abadi PT Menara Perkasa Margahayuland PT Catur Jaya Yayasan Univ Pelita Bangsa PT Bumi Daya Makmur KSO Merdeka Media Group & Ronov Indonesia PT Cahaya Baru Raya Realty PT Pancakarya Griyatama PT Naribatama Abete PT Hotel Properti Internasional PT Vidi Mandiri PT Tanrise Indonesia PT Graha Multi Insani PT Bukit Nusa Harapan PT Waska Sentana PT Adhi Putra Mulia PT Baradinamika Mudasukses PT Adhiloka Shobat Sewita PT Erina Citra Gemilang Dipindahkan

36.


31 Maret / March 2016 1,246,945,347,934 2,151,597,131 1,968,702,000 1,716,900,002 1,645,093,591 1,621,260,136

31 Maret / March 2015 564,174,610,986 2,454,584,866 2,982,262,192 6,808,976,300 -

1,527,730,223 1,504,291,490

33,887,306,650 -

1,279,139,633 1,162,851,500 1,059,107,705 -

14,039,136,542 30,061,119,500 7,064,907,800 53,953,180,623 35,435,882,402

-

21,174,855,626 20,884,278,462 18,516,561,458 16,268,134,631 15,489,063,794 15,121,554,175 11,871,622,480 10,848,909,798

1,262,582,021,345

10,490,635,000 9,865,249,783 9,564,226,558 9,338,997,811 8,915,530,751 7,802,206,953 7,758,589,390 7,420,068,643 7,353,065,012 7,148,061,291 6,559,365,227 6,463,559,539 6,460,345,493 986,176,849,736

159

Brought Forward Dinas Kesehatan Provinsi Pekanbaru PT Graha Sarana Duta PT Tiara Abadi Nirmala PT Graha Satu Tiga Tujuh Kementrian PU SNVT PJSA Sumatera II PT Prasetya Agung Cipta Abadi Kementerian PU & PR Cipta Karya KRIMSUS PT Duta Indah Iconic PT Sekar Atha Sentosa DPU Kabupaten Serang KG-NRC CONSORSIUM Hyundai Engineering & Construction Co., Ltd Dinas PU Kabupaten Bulungan PT Win Win Realty Centre PT Graha Kencana Abadi PT Menara Perkasa Margahayuland PT Catur Jaya Yayasan Univ Pelita Bangsa PT Bumi Daya Makmur KSO Merdeka Media Group & Ronov Indonesia PT Cahaya Baru Raya Realty PT Pancakarya Griyatama PT Naribatama Abete PT Hotel Properti Internasional PT Vidi Mandiri PT Tanrise Indonesia PT Graha Multi Insani PT Bukit Nusa Harapan PT Waska Sentana PT Adhi Putra Mulia PT Baradinamika Mudasukses PT Adhiloka Shobat Sewita PT Erina Citra Gemilang Carried Forward





Pindahan PT Bimasakti Jaya Abadi Politeknik Negeri Malang PT Prasto Propertindo Yayasan Perguruan Tinggi Kristen Maranatha PT Danau Winata Indah PT Citra Raya Medika PT Mutiara Mitra Sejahtera PT Duta Wahana Karawang Yayasan Sanggar Prahtiwi PT Anugrah Duta Mandiri Dirjen SDA Wilayah Sungai Sumatera VIII PT Tiran Makasar PT Semen Bosowa Maros Ny Yenni Wijaya PT Asfi Ilhami Rayhan PT Bumi Anugrah Sakti PT Puri Persada Lampung IAIN Sunan Ampel Surabaya RSUD Sleman PT Chevron Pasific Indonesia PT Bintan Cipta Cemerlang Dinas PU Kutai Timur Kementerian Pendidikan dan Kebudayaan PT Pelabuhan Penajam Banua Taka Yayasan Manunggal Slawi PT Dialog Garage Cirebon PT Aruna Kirana PT Berkat Anugerah Sejahtera Abadi RS Pratama PT Graha Yasa Selaras Pendapatan Properti dan Realti Dipindahkan

36.


31 Maret / March 2016 1,262,582,021,345 -

31 Maret / March 2015 986,176,849,736 6,271,759,995 6,246,581,545 5,951,774,787 5,717,572,927

-

5,028,402,831 4,903,501,904 4,530,000,000 4,489,200,000 4,411,519,324 4,185,826,154 3,009,800,000

-

2,959,260,438 2,747,450,339 2,649,121,453 2,615,943,689 2,582,487,000 2,547,444,369 2,271,039,798 1,898,890,258 1,878,885,731 1,818,476,871 1,768,758,161 1,691,625,250

-

1,635,363,092

Brought Forward PT Bimasakti Jaya Abadi Politeknik Negeri Malang PT Prasto Propertindo Yayasan Perguruan Tinggi Kristen Maranatha PT Danau Winata Indah PT Citra Raya Medika PT Mutiara Mitra Sejahtera PT Duta Wahana Karawang Yayasan Sanggar Prahtiwi PT Anugrah Duta Mandiri Dirjen SDA Wilayah Sungai Sumatera VIII PT Tiran Makasar PT Semen Bosowa Maros Ny Yenni Wijaya PT Asfi Ilhami Rayhan PT Bumi Anugrah Sakti PT Puri Persada Lampung IAIN Sunan Ampel Surabaya RSUD Sleman PT Chevron Pasific Indonesia PT Bintan Cipta Cemerlang Dinas PU Kutai Timur Kementerian Pendidikan dan Kebudayaan PT Pelabuhan Penajam Banua Taka

-

1,600,125,133 1,361,188,367 1,344,371,400 1,262,200,385

Yayasan Manunggal Slawi PT Dialog Garage Cirebon PT Aruna Kirana PT Berkat Anugerah Sejahtera Abadi

545,984,733,614

1,160,604,656 1,042,165,063 409,124,949,850

RS Pratama PT Graha Yasa Selaras Property and Realty - Revenue

1,808,566,754,959

1,486,883,140,506

160

Carried Forward





Pindahan Pendapatan Peralatan Pendapatan Pracetak Lain-lain di bawah Rp 1 Milyar Sub Jumlah Pihak Ketiga Pihak Berelasi PT Hutama Karya (persero) PT Pelindo II (Persero) PT PLN (Persero) PT Jasa Marga (Persero) Tbk PT Prima Multi Terminal PT Angkasa Pura I (Persero) PT Angkasa Pura II (Persero) PT Bio Farma (Persero) PT Pelindo III (Persero) PT Pertamina EP Cepu PT Pelindo IV (Persero) Kementerian Kesehatan RI PT Indopola Meka Energy PT Indonesia Power PT Angkasa Pura Hotel Lain-lain di bawah Rp 1 Milyar Sub Jumlah Pihak Berelasi Jumlah Pendapatan Usaha

36.

REVENUE (continued)

31 Maret / March 2016 1,808,566,754,959 16,569,262,888 14,857,127,418 5,142,509,714

31 Maret / March 2015 1,486,883,140,506 18,655,485,018 4,377,271,464

Brought Forward Equipment - Revenue Precast - Revenue Other of less than 1 Billions

1,845,135,654,979

1,509,915,896,988


254,457,334,000 180,691,420,468 54,552,019,099 54,313,361,409 46,776,368,483 36,330,440,367 34,312,530,132 24,495,449,467 24,420,048,615 8,504,990,000 7,033,857,355 6,336,002,599 4,499,316,678 3,618,326,033 2,203,745,203 -

295,075,327,425 98,058,952,460 1,745,359,012 4,535,052,432 2,644,133,155 3,761,542,892 65,284,766,415 774,571,541

Related Parties PT Hutama Karya (persero) PT Pelindo II (Persero) PT PLN (Persero) PT Jasa Marga (Persero) Tbk PT Prima Multi Terminal PT Angkasa Pura I (Persero) PT Angkasa Pura II (Persero) PT Bio Farma (Persero) PT Pelindo III (Persero) PT Pertamina EP Cepu PT Pelindo IV (Persero) Kementerian Kesehatan RI PT Indopola Meka Energy PT Indonesia Power PT Angkasa Pura Hotel Other of less than 1 Billions

742,545,209,908 2,587,680,864,887

471,879,705,332 1,981,795,602,320

Sub Total Related Parties Total Revenue

Rincian pemberi pekerjaan dengan nilai pendapatan yang melebihi 10% dari pendapatan usaha Perseroan untuk tahun yang berkahir 31 Maret 2016 dan 2015 adalah sebagai berikut:

Project which contributed more than 10% of the Company's total income for the years ended 31 March 2016 and 2015:

31 Maret / March 2016 PT Pelindo II (Persero)



295,075,327,425

(Lihat catatan No. 3e, 3t dan 46)

PT Pelindo II (Persero) (See Notes No. 3e, 3t and 46)

161




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 37. BEBAN POKOK PENJUALAN

37.

Merupakan Beban Pokok Penjualan untuk tahun yang berakhir pada 31 Maret 2016 dan 2015 terdiri dari :

COST OF GOODS SOLD Represents of cost of good sold for the years ended 31 March 2016 and 2015:

31 Maret / March 2016 Jasa Konstruksi EPC (Engineering, Procurenment Construction) Properti dan Realti Pracetak Peralatan Jumlah Beban Pokok Penjualan



1,613,464,219,689

1,238,416,520,865

209,915,100,827 304,779,975,686 48,652,611,811 50,917,927,441 2,227,729,835,454

143,122,956,735 280,323,860,476 4,360,715,000 35,179,483,199 1,701,403,536,275

(Lihat catatan No. 3t)

(See Notes No. 3t)

38. BEBAN USAHA

38.

Merupakan beban usaha untuk tahun yang berakhir 31 Maret 2016 dan 2015 terdiri dari :

Jumlah Beban Usaha

OPERATING EXPENSES The account represent operating expenses for the years ended 31 March 2016 and 2015, consisting of:

31 Maret / March 2016 Pegawai Umum Penyusutan Pemasaran

Construction EPC (Engineering, ProcurenmentConstruction) Property and Realty Precast Equipment Rent Total Cost of Goods Sold


72,544,659,860 23,525,676,278 7,014,998,629 1,588,243,602

66,023,153,998 18,521,599,325 3,057,534,445 1,046,812,279

Employees General administrative expenses Depreciation expenses Marketing expenses

104,673,578,369

88,649,100,047


Beban umum merupakan pengeluaran-pengeluaran untuk alat tulis kantor, listrik, telepon, pengembangan pegawai dan biaya perjalanan dinas.

General expenses represent expenses for stationery, electricity and phone bill, human resources development and business trip and others.

Beban penyusutan merupakan beban penyusutan Aset Tetap yang dipergunakan oleh Kantor Pusat dan Entitas Anak.

Depreciation expenses represent the depreciation of Fixed Assets used by the head office and subsidiary.

Beban pemasaran merupakan pengeluaran untuk biaya promosi, biaya tender dan pra tender, biaya representasi dan pengembangan usaha.

Marketing expenses consist of expenses for promotion, bidding and pre-bidding, representation and business development expense.

(Lihat Catatan No. 3t ,19 dan No.20)

(See Note No. 3t, 19 and No.20)

162




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 39. PENDAPATAN LAINNYA


Jasa giro Bunga deposito Laba selisih kurs-bersih Pendapatan Rupa - rupa

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) OTHER INCOME 31 Maret / March 2015

3,394,984,740 11,207,994,091 (5,412,219,904) 565,777,980

1,865,469,303 3,304,120,764 1,426,783,014 1,150,881,932

Banking Fee Time deposit interest Gain on exchange rates Miscellaneous

Jumlah Pendapatan Lain-Lain

9,756,536,907

7,747,255,013

Total Other Income

Laba selisih kurs terdiri dari : Pendapatan selisih kurs Beban selisih kurs

(5,412,219,904)

1,426,783,014 -

Gain on exchange rates consist of: Gain on exchange rates Loss on exchange rates

Laba selisih kurs

(5,412,219,904)

1,426,783,014

Gain on exchange rates

40. BEBAN LAINNYA

40.

Merupakan beban lain-lain untuk tahun yang berakhir pada 31 Maret 2016 dan 2015 terdiri dari:

OTHER EXPENSES The account represent other expenses for years ended 31 March 2016 and 2015, consisting of:



Beban administrasi dan provisi bank

9,441,407,178

11,490,588,125

Administrative expenses and bank provision

Beban rupa - rupa Beban obligasi

1,513,207,716 141,370,842

3,251,155,870 141,370,842

Others expenses Bond expenses

11,095,985,736

14,883,114,837

Total Others expenses

Jumlah Beban Lain-Lain 41. BEBAN PENURUNAN NILAI PIUTANG

41.

Merupakan beban penurunan nilai piutang untuk tahun yang berakhir 31 Maret 2016 dan 2015 terdiri dari:

IMPAIRMENT The account represents impairment of receivables for the years ended 31 March 2016 and 2015, consisting of:



Beban Penurunan Nilai Piutang

3,432,498,889

4,867,513,314

Impairment of Account Receivable

Jumlah

3,432,498,889

4,867,513,314

Total

(Lihat Catatan No. 3g dan 6)

(See Note No. 3g and 6)

163




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 42. BIAYA PENDANAAN / BUNGA

42.

Merupakan beban pendanaan / bunga untuk tahun yang berakhir 31 Maret 2016 dan 2015 terdiri dari:

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) FUNDING / INTEREST EXPENSES The account represent funding / interest expenses for the years ended 31 March 2016 and 2015, consisting of:



Beban Pendanaan

35,981,023,017

20,874,103,755

Funding Expenses

Jumlah

35,981,023,017

20,874,103,755

Total

43. BAGIAN LABA VENTURA BERSAMA

43.

Merupakan laba (rugi) yang diperoleh dari proyek-proyek yang dikerjakan secara Ventura Bersama dengan perusahaan lain untuk tahun yang berakhir 31 Maret 2016 dan 2015. Ventura Bersama tersebut berasal dari proyek-proyek sebagai berikut: 31 Maret /

PROFIT FROM JOINT VENTURE Represents of profit (loss) obtained from the Joint Venture projects with other companies for the years ended 31 March 2016 and 2015. The followings are details of Joint Ventures: 31 Maret / March 2015

March 2016 KSO Holtekamp KSO RRDP Apas Simanggaris KSO BIJB Paket 2 Kertajati KSO Cable Stayed Kendari KSO Bendung Randangan - Pohuwato KSO Pengendali Banjir Batang Kuranji Padang KSO Tambak Mulyo Mawar KSO Cisangkuy KSO Tol Balikpapan Samarinda KSO Soker Loan China KSO Jl Tolo Solo Kertosono Seksi 4 KSO Antasari Depok KSO Winrip Mangopoh Padang KSO Jalan Bojonegoro - Padangan KSO Pumping Station KSO RSUD Koja KSO Jalan Batang KSO PLTA Peusangan KSO M 7 G / Paladian Park KSO Jl. Kenyam - Mugi Papua KSO Louwi Goong KSO Jl. Bojonegoro - Padangan KSO Pekanbaru Permai Propertindo

3,089,258,424 1,872,250,685 1,132,071,568 642,906,892 422,015,628 389,482,120 287,874,117 220,853,352 173,147,468 170,354,720 57,228,538 41,977,907 28,411,936 26,115,572 5,880,646 (2,766,376,000)

590,210,323 JO Holtekamp 828,269,111 JO RRDP Apas Simanggaris JO BIJB Paket 2 Kertajati JO Cable Stayed Kendari 366,086,211 JO Bendung Randangan - Pohuwato JO Pengendali Banjir Batang Kuranji Padang JO Tambak Mulyo Mawar JO Cisangkuy JO Tol Balikpapan Samarinda JO Soker Loan China JO Jl Tolo Solo Kertosono Seksi 4 63,800,314 JO Antasari Depok JO Winrip Mangopoh Padang JO Jalan Bojonegoro - Padangan 8,153,715 JO Pumping Station 410,040,542 JO RSUD Koja 298,461,974 JO Jalan Batang 186,394,635 JO PLTA Peusangan 186,131,837 JO M 7 G / Paladian Park 147,087,522 JO Jl. Kenyam - Mugi Papua 58,877,700 JO Louwi Goong 49,103,950 JO Jl. Bojonegoro - Padangan JO Pekanbaru Permai Propertindo

Jumlah Laba (Rugi) Ventura Bersama

5,793,453,573

3,192,617,834 Total Profit (Loss) from Joint Venture

164




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 43. BAGIAN LABA VENTURA BERSAMA (lanjutan)

43.

Perusahaan melakukan perjanjian kerjasama dengan berbagai pihak sebagaimana tersebut pada masing-masing perjanjian, berupa penyerahan dana kepada pengelola sesuai kewajiban yang tertuang dalam perjanjian Ventura Bersama menurut porsi yang ditetapkan. Pengelola proyek dibentuk dengan anggota yang berasal dari masing-masing pihak yang melakukan Ventura Bersama. Pengelola proyek ini melaksanakan kegiatan pembangunan proyek yang berasal dari pemberi kerja yang bertanggungjawab sepenuhnya seluruh kegiatan tersebut termasuk laporan pertanggungjawaban keuangan proyek kepada masingmasing pihak yang melakukan perjanjian kerjasama Ventura Bersama. Nama Proyek / Project Name

Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) PROFIT FROM JOINT VENTURE (continued) The Company entered into joint venture agreements with various parties as specified at each agreement, in the form of funds transfer to the manager according to the specified portion determined in the Joint Venture Agreement. Project manager is appointed from among members of the Joint Operation parties. The project manager shall carry out activities of projects development trusted by the owner and shall be fully responsible for the entire activities, including responsibility for financial reporting of the project to the entire JV project members.


Persentase / Percentage

KSO PLTA Peusangan PP - Hyundai KSO Jalan Batang PP - WASKITA - DELTA KSO Fly Over Medan Jamin Ginting PP - WIKA KSO Rekonstruksi Sabodam Merapi PP - WASKITA KSO Jl Tolo Solo Kertosono Seksi 4 PP - WASKITA KSO Jembatan Kembar Lanjutan PP - PERDANA KSO Tambak Mulyo Mawar PP - ARMADA HADA GRAHA KSO Jalan Bojonegoro - Padangan PP - BRP KSO Jl Kenyam-Mugi Papua Tahap 2 PP - NIRWANA KSO Antasari Depok PP - WASKITA - HK KSO Pabrik Precast Kariangao PP - BRM PILE KSO Bendung Randangan-Pohuwato PP - NAT KSO Holtekamp PP - MWT KSO RRDP Apas Simanggaris PP - Perdasa KSO Jaringan Irigasi Leuwi Goong PP - SACNA KSO APRON II Bandara Suta PP-WIKA-WASKITA-HYUNDAI KSO Revitalisasi Pasar Medan PT - IMN KSO Jl Kenyam-Mugi Papua PP - NIRWANA KSO Kali Lamong PP - WIKA KSO Bandara Sepinggan PP - WIKA - ADHI KSO RSUD Koja PP - ARKONIN KSO Jalan Soker PP - WASKITA KSO Louwi Goong PP - WIKA KSO Fakultas Teknik UNHAS Paket 3 PP - ITOCHU KSO FT Unhas PP - ITOCHU KSO Irg Jabung PP - WIKA KSO Jembatan Siak Thp IV PP- WK - HK 165

30% : 70% 35% : 45% : 20% 51% : 49% 51% : 49% 58% : 43% 80% : 20% 60% : 40% 70% : 30% 99% : 1% 33% : 34% : 33% 25% : 75% 60% : 40% 70% 30% 60% : 40% 60% : 40% 38% : 42% : 15% : 5% 70% : 30% 99% : 1% 51% : 49% 30% : 36,67% : 33,33% 97% 3% 57.5% : 42.5% 51% : 49% 73% : 27% 73% : 27% 50% : 50% 40% : 60%

Status / Status In Progress In Progress In Progress In Progress In Progress In Progress In Progress In Progress In Progress In Progress In Progress In Progress In Progress In Progress In Progress In Progress Finished Finished Finished Finished Finished Finished Finished Finished Finished Finished Finished




(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 43. BAGIAN LABA VENTURA BERSAMA (lanjutan) Nama Proyek / Project Name

43.


Notes To The Consolidated Financial Statements 31 March 2016 and 31 December 2015 And For 3 (Three) Months Ended 31 March 2016 and 31 December 2015 (Expressed in full IDR, unless otherwise stated) PROFIT FROM JOINT VENTURE (continued) Persentase / Percentage

KSO Fly Over Pasar Kembang Surabaya PP - GNG - BLJ KSO Stadion Cibinong PP - PENTA KSO Bandara Samarinda Baru PP-Luhribu Jy-Tahta KSO Bendungan Karet PP - BRANTAS KSO Banyu Urip Bojonegoro PP - RMT KSO Irigasi Bajo Kab. Luwu PP - DGI KSO Jalan Sanga Sanga PP - PBS - AK - LNJ KSO Islamic Center Inhill PP - Multi Structure KSO Pumping Station PP - ADHI KSO Rehab Sungai Citarum Paket 2 PP - NK KSO RSUD Waled Cirebon PP - CAKRA KSO Sebuku Phase III PP - Bouer Prtm,Mlsy KSO Stadion Banjar PP - SAKNA KSO Jembatan Kembar Samarinda PP - PERDANA KSO Appron Bandara A Yani SMG PP - PS

Status / Status

35%

: 32.5% : 32.5% 97% : 3% 50% : 50% 30% : 70% 60% : 40% 38% : 62% 32% : 26% : 22% : 20% 55% : 45% 49% : 51% 60% : 40% : 2.50% 97.50% 35% : 65% : 2.50% 97.50% 70% : 30% 55% : 45%

Finished Finished Finished Finished Finished Finished Finished Finished Finished Finished Finished Finished Finished Finished Finished

(Lihat Catatan No. 3q)

(See Notes No. 3q)

44. BAGIAN LABA ENTITAS ASOSIASI

44.

Merupakan bagian laba (rugi) dari entitas asosiasi untuk tahun yang berakhir 31 Maret 2016 dan 2015.

The account represent income (loss) from associated company for the years ended 31 March 2016 and 2015.



Bagian Laba (Rugi) - Entitas Asosiasi 45. LABA PER SAHAM DASAR

-


Laba Usaha Laba yang dapat diatribusikan kepada: Pemilik Entitas Induk Laba Usaha per Saham Dasar Laba Bersih per Saham Dasar Rata-rata tertimbang saham beredar (lembar)

INCOME FROM ASSOCIATED COMPANY

Share of profit (loss) of associated company

EARNING PER SHARE 31 Maret / March 2015

255,277,451,064

191,742,965,998

98,169,529,785 53 20 4,842,436,500

93,533,259,816 40 19 4,842,436,500

166

Operating Income Income distributed to: Parent Company's Shareholders Operating Income per Share Earning per Share Total Weighted average number of shares issued






(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 46. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI

46.

RELATED PARTY TRANSACTIONS

Sifat dan jenis transaksi yang material dengan pihak-pihak yang berelasi adalah sebagai berikut:

The characteristic and type of significant transactions with related parties, as follows:

a. Pemerintah Republik Indonesia yang diwakili oleh Menteri Negara BUMN merupakan pemegang saham Perseroan sebesar 51% per 31 Maret 2016 dan 31 Desember 2015. Perseroan dan BUMN lain memiliki hubungan afiliasi melalui penyertaan modal Pemerintah Republik Indonesia.

a. The Government of Republic Indonesia which is represented by the State Minister of State Owned Enterprises represent the Company's shareholders of 51% as of 31 March 2016 and 31 December 2015. The Company and other State Owned Enterprises are affiliated with the Government of Republic Indonesia through ownership.

b. Perseroan menempatkan dana dan memiliki pinjaman dana pada bank-bank BUMN dengan persyaratan dan tingkat bunga normal sebagaimana yang berlaku untuk nasabah pihak ketiga.

b. The Company puts funds and gets loans from the government banks at normal terms and interest rates equal to other third party customers.

c. Perseroan mengadakan perjanjian dalam rangka usaha Perseroan dengan BUMN-BUMN lain maupun entitas anak BUMN serta badan-badan/lembaga-lembaga pemerintah yang berwenang.

c. The Company enters into agreements in relation to the Company's operations with other state owned enterprises and subsidiaries and also with other authorized government bodies and institutions.

d. Perseroan merupakan pemegang saham pada Perusahaan Asosiasi yaitu PT Muba Daya Pratama sebesar 49%, PT Inpola Meka Energi sebesar 35%, PT Prima Multi Terminal sebesar 25%, PT Alam Inti Energi sebesar 30%, PT Pekanbaru Permai Propertindo sebesar 40%, PT Sinergi Investasi Properti 20%, PT Jasa Marga Kualanamu sebesar 15%, PT Pancakarya Grahatama sebesar 15%, PT PP-Taisei Indonesia Construction sebesar 15%, PT Citra Waspphutowa sebesar 12,5% dan PT Mitra Cipta Polasarana sebesar 4,67%. e. Perusahaan membentuk beberapa proyek kerjasama operasi (Joint Operation) dengan beberapa partisipan lain dalam pemberian jasa konstruksi.

d. The Company owns 49% shares in PT Muba Daya Pratama, 35% in PT Inpola Meka Energi, 25% in PT Prima Multi Terminal, 30% in PT Alam Inti Energi, 40% in PT Pekanbaru Permai Propertindo, 20% in PT Sinergi Investasi Properti, 15% in PT Jasa Marga Kualanamu, 15% in PT Pancakarya Grahatama, 15% in PT PP-Taisei Indonesia Construction, 12.5% in PT Citra Waspphutowa and 4.67% in PT Mitra Cipta Polasarana.

Rincian, sifat hubungan dan jenis transaksi yang material dengan pihak-pihak yang berelasi adalah, sebagai berikut:

The following are details of characteristic of the relationship and types of significant transactions with the related parties:

No


e. The Company established a number of joint operation projects with other participants in construction services.


1

PT Bank BNI (Persero) Tbk


2

PT Bank BTN (Persero) Tbk


Transaksi / Transaction Kas dan Setara Kas dan Pinjaman Bank / Cash and Cash Equivalents and Bank Loans Kas dan Setara Kas dan Pinjaman Bank / Cash and Cash Equivalents and Bank Loans

167








46.



3

PT Bank Syariah Mandiri


4

PT Bank Mandiri (Persero) Tbk


5

PT Bank BRI (Persero) Tbk


6

PT Krakatau Daya Listrik


7

PT Bukit Asam (Persero)


8 9

PT Krakatau Bandar Samudera PT KAI (Persero)


10 PT PLN (Persero)


11 PT Muba Daya Pratama


12 Perum Peruri


13 PT Angkasa Pura Hotel


14 PT Dahana (Persero) 15 PT Angkasa Pura II (Persero)


16 PT Taspen (Persero)


17 PT Bio Farma (Persero)


16 PT Pelindo II (Persero)


17 PT Pelindo I (Persero)


18 PT Angkasa Pura I (Persero)


19 PT Jasa Marga (Persero) Tbk



Kas dan Setara Kas dan Pinjaman Bank / Cash and Cash Equivalents and Bank Loans Kas dan Setara Kas dan Pinjaman Bank / Cash and Cash Equivalents and Bank Loans Kas dan Setara Kas dan Pinjaman Bank / Cash and Cash Equivalents and Bank Loans Piutang Usaha, Tagihan Bruto dan Pendapatan Usaha / Trade Receivable, Unbilled Receivable and Operating Revenue Piutang Usaha & Piutang Retensi / Trade Receivable and Retention Receivable Piutang Usaha / Trade Receivable Piutang Usaha, Tagihan Bruto dan Pendapatan Usaha / Trade Receivable, Unbilled Receivable and Operating Revenue Piutang Usaha, Tagihan Bruto dan Pendapatan Usaha / Trade Receivable, Unbilled Receivable and Operating Revenue Piutang Usaha dan Piutang Retensi / Trade Receivable and Retention Receivable Piutang Retensi, Tagihan Bruto dan Pendapatan Usaha / Retention Receivable, Unbilled Receivable and Operating Revenue Piutang Usaha,Tagihan Bruto dan Pendapatan Usaha / Trade Receivable, Unbilled Receivable, and Operating Revenue Piutang Usaha / Trade Receivable Piutang Usaha, Piutang Retensi, Tagihan Bruto dan Pendapatan Usaha / Trade Receivable, Retention Receivable, Unbilled Receivable and Operating Revenue Piutang Usaha dan Tagihan Bruto / Trade Receivable and Unbilled Receivable Piutang Usaha, Piutang Retensi dan Pendapatan Usaha / Trade Receivable, Retention Receivable, and Operating Revenue Piutang Usaha, Piutang Retensi, Tagihan Bruto dan Pendapatan Usaha / Trade Receivable, Retention Receivable, Unbilled Receivable and Operating Revenue Piutang Usaha dan Pendapatan Usaha / Trade Receivable and Operating Revenue Piutang Usaha, Tagihan Bruto dan Pendapatan Usaha / Trade Receivable, Unbilled Receivable and Operating Reven Piutang Usaha, Piutang Retensi, Tagihan Bruto dan Pendapatan Usaha / Trade Receivable, Retention Receivable, Unbilled Receivable and Operating Revenue

168








46.


20 PT Industri Kapal Indonesia (Persero) Afiliasi / Affiliated

21

22 23

24

25

26 27 28 29 30 31 32 33 34 35 36 37 38 39

RELATED PARTY TRANSACTIONS (continued) Transaksi / Transaction

Piutang Usaha, Piutang Retensi, Tagihan Bruto dan Pendapatan Usaha / Trade Receivable, Retention Receivable, Unbilled Receivable and Operating Revenue Kementerian Keuangan Pemerintah / Government Agency Piutang Usaha, Piutang Retensi, Tagihan Bruto, dan Pendapatan Usaha / Trade Receivable, Retention Receivable, Unbilled Receivable and Operating Revenue PT Hotel Indonesia Natour (Persero) Afiliasi / Affiliated Piutang Retensi and Tagihan Bruto / Retention Receivable and Unbilled Receivable PT Pelindo IV (Persero) Piutang Retensi, Tagihan Bruto, dan Pendapatan Usaha / Afiliasi / Affiliated Retention Receivable, Unbilled Receivable and Operating Revenue PT Pelindo III (Persero) Piutang Retensi, Tagihan Bruto dan Pendapatan Usaha / Afiliasi / Affiliated Retention Receivable, Unbilled Receivable and Operating Revenue PT Indonesia Power Piutang Usaha, Tagihan Bruto dan Pendapatan Usaha / Afiliasi / Affiliated Trade Receivable, Unbilled Receivable and Operating Revenue PT Wijaya Karya Beton Afiliasi / Affiliated Utang Usaha/ Trade Payable PT Wijaya Karya Rekayasa Kontruksi Afiliasi / Affiliated Utang Usaha/ Trade Payable PT Wijaya Karya Insan Pertiwi Afiliasi / Affiliated Utang Usaha/ Trade Payable Dana Pensiun Pegawai PT PP (YDP4) Afiliasi / Affiliated Piutang lain-lain / Other Receivables PT PP Taisei Afiliasi / Affiliated Piutang lain-lain / Other Receivables Koperasi Karyawan Afiliasi / Affiliated Piutang lain-lain / Other Receivables PT Citra Waspphutowa Penyertaan / Investment in Share Piutang lain-lain / Other Receivables A/R & A/P Trade & Profit (Loss) JO KSO Jatigede DAM Piutang & Utang Usaha, Laba (Rugi) KSO/ Penyertaan / Investment in Share A/R & A/P Trade & Profit (Loss) JO KSO Irigasi Jabung Penyertaan / Investment in Share Piutang & Utang Usaha, Laba (Rugi) KSO/ A/R & A/P Trade & Profit (Loss) JO KSO The Group Epicentrum Penyertaan / Investment in Share Piutang & Utang Usaha, Laba (Rugi) KSO/ A/R & A/P Trade & Profit (Loss) JO KSO Pumping Station Penyertaan / Investment in Share Piutang & Utang Usaha, Laba (Rugi) KSO/ A/R & A/P Trade & Profit (Loss) JO KSO Rehab. Sungai Citarum Paket 2 Penyertaan / Investment in Share Piutang & Utang Usaha, Laba (Rugi) KSO/ A/R & A/P Trade & Profit (Loss) JO KSO Kali Madiun Tahap 2 Penyertaan / Investment in Share Piutang & Utang Usaha, Laba (Rugi) KSO/ A/R & A/P Trade & Profit (Loss) JO KSO Irigasi Sungai Ular Penyertaan / Investment in Share Piutang & Utang Usaha, Laba (Rugi) KSO/ A/R & A/P Trade & Profit (Loss) JO

169







46.




40 KSO BPK Tower


Penyertaan / Investment in Share Piutang & Utang Usaha, Laba (Rugi) KSO/ A/R & A/P Trade & Profit (Loss) JO Penyertaan / Investment in Share Piutang & Utang Usaha, Laba (Rugi) KSO/ A/R & A/P Trade & Profit (Loss) JO Penyertaan / Investment in Share Piutang & Utang Usaha, Laba (Rugi) KSO/ A/R & A/P Trade & Profit (Loss) JO Penyertaan / Investment in Share Piutang & Utang Usaha, Laba (Rugi) KSO/ A/R & A/P Trade & Profit (Loss) JO Penyertaan / Investment in Share Piutang & Utang Usaha, Laba (Rugi) KSO/ A/R & A/P Trade & Profit (Loss) JO Penyertaan / Investment in Share Piutang & Utang Usaha, Laba (Rugi) KSO/ A/R & A/P Trade & Profit (Loss) JO

41 KSO DAM Jatigede 42 KSO DAS Solo Hulu 43 KSO Leuwi Goong 44 KSO Irigasi Batanghari ICB 45 KSO BMG Tower 2010

Tidak ada perbedaan kebijakan harga dan syarat transaksi antara pihak-pihak berelasi dan pihak ketiga.

There are no differences in pricing policy and terms of transaction between related parties and third parties.

Rincian akun yang terkait dengan transaksi Pihak-pihak Berelasi adalah sebagi berikut:

The following is the breakdown of transactions with related parties:

%


Aset / Assets Kas dan Setara Kas / Cash and Cash Equivalents 6.09 Investasi Jangka Pendek / Short Term Investments 0.64 Piutang Usaha / Trade Receivable 2.20 Piutang Retensi / Retention Receivable 2.41 Tagihan Bruto / Unbilled Receivable 10.61 Piutang Lain-lain / Other Receivables 0.01

1,136,663,062,729 119,700,000,000 409,842,170,386 449,735,882,622 1,981,254,474,888 2,328,302,213

%


13.89 1.17 2.18 2.28 8.80 0.02

2,657,782,539,156 224,400,000,000 416,878,144,799 436,360,760,611 1,684,253,548,059 4,427,026,597

Persentase diatas merupakan perbandingan dengan total aset / The above percentages are in line with the total assets. % Liabilitas / Liabilities 9.25 Utang Bank / Bank Loans 5.06 Utang Non Bank / Non Bank Loans 0.22 Utang Usaha / Trade Payables Uang Muka Pemberi Pekerjaan & Konsumen / Advances From Prokects Owner & Consumers 0.21 2.80 Utang Jangka Panjang / Long-Term Liabilities


%


1,240,733,624,930 678,484,103,585 29,565,874,529

8.19 2.87 0.19

1,147,275,079,906 401,594,722,960 26,606,966,541

28,493,272,772 375,273,624,457

0.30 4.15

42,164,800,315 581,312,438,115

Persentase diatas merupakan perbandingan dengan total liabilitas / The above percentages are in line with the total liabilities.

170







Pendapatan Usaha / Operating Revenues 28.70

46.


31 Mar. / Mar. 2016 Nilai / Amount 742,545,209,908

%


23.81

471,879,705,332

Persentase diatas merupakan perbandingan dengan total pendapatan usaha / The above percentages are in line with the total operating income. Rincian selengkapnya yang terkait dengan transaksi PihakThe followings are overall breakdown of transactions with pihak Berelasi adalah sebagai berikut: related parties: % ASET / ASSETS Kas & Setara Kas / Cash & Cash Equivalents Bank Rupiah PT Bank Mandiri (Persero) Tbk 2.42 PT Bank BTN (Persero) Tbk 0.13 PT Bank Syariah Mandiri 0.11 PT Bank BRI (Persero) Tbk 0.06 PT Bank BNI (Persero) Tbk 0.04 USD PT Bank Mandiri (Persero) Tbk 0.49 PT Bank BNI (Persero) Tbk 0.01 EURO PT Bank Mandiri (Persero) Tbk 0.26 SGD PT Bank Mandiri (Persero) Tbk 0.15


31 Des. / Dec. 2015 % Nilai / Amount

452,481,176,142 23,619,133,555 20,794,754,600 11,816,645,433 8,196,475,082

3.22 0.15 0.02 0.32 0.07

615,994,838,512 29,162,153,029 4,423,950,065 60,930,085,981 12,536,916,454

91,887,494,504 2,238,725,640

0.92 0.00

175,492,858,123 179,598,760

48,116,349,039

0.74

141,660,510,231

27,753,480,399

0.05

9,592,799,666

Sub Jumlah / Sub Total

3.68

686,904,234,394

5.49

1,049,973,710,821

Deposito Berjangka / Time Deposits Rupiah PT Bank Mandiri (Persero) Tbk PT Bank BTN (Persero) Tbk PT Bank BRI (Persero) Tbk PT Bank BNI (Persero) Tbk PT Bank Syariah Mandiri

1.19 0.67 0.27 0.27 0.02

221,258,828,335 125,000,000,000 50,000,000,000 50,000,000,000 3,500,000,000

1.68 3.69 1.21 0.71 1.12

321,258,828,335 706,000,000,000 231,500,000,000 135,000,000,000 214,050,000,000

171







46.



%



0.00

-

0.00


2.41 6.09

449,758,828,335 1,136,663,062,729

8.41 13.89

1,607,808,828,335 2,657,782,539,156

Rupiah PT Bank BTN PT Bank Mandiri (Persero) Tbk PT Bank BRI (Persero) Tbk

0.48 0.08 0.08

89,500,000,000 15,200,000,000 15,000,000,000

1.00 0.08 0.09

192,200,000,000 15,200,000,000 17,000,000,000

Jumlah / Total

0.64

119,700,000,000

1.17

224,400,000,000

0.40 0.33 0.24 0.20 0.11 0.10 0.09 0.08 0.04 0.03 0.03 0.02 0.01 0.01 0.01 0.01 0.01 0.00 0.00

74,088,791,217 61,378,616,219 44,336,899,900 38,092,193,542 19,954,252,502 19,535,948,598 17,485,207,899 15,785,824,983 8,355,944,022 5,610,454,818 4,981,235,911 2,996,816,907 1,980,001,988 1,772,802,000 1,523,774,191 1,440,261,786 1,091,254,926 -

0.44 0.00 0.47 0.20 0.00 0.10 0.20 0.06 0.00 0.03 0.03 0.02 0.07 0.01 0.01 0.02 0.01 0.04 0.00

84,918,134,238 89,602,684,773 38,092,193,542 19,535,948,598 38,464,212,576 11,453,569,439 5,610,454,818 4,981,235,911 2,996,816,907 13,040,264,053 1,772,802,000 1,523,774,191 3,127,956,043 1,091,254,926 8,466,716,210 290,266,413

1.72

320,410,281,409

1.70

324,968,284,638

-

Investasi Jangka Pendek / Short Term Investments

Piutang Usaha / Trade Receivable PT Krakatau Daya Listrik PT Prima Multi Terminal PT PLN (Persero) PT KAI (Persero) PT Pelindo III (Persero) PT Muba Daya Pratama PT Angkasa Pura II (Persero) PT Pekanbaru Permai Propertindo PT Pelindo IV (Persero) Kementerian Keuangan RI PT Bank Mandiri (Persero) Tbk PT Dahana (Persero) PT Jasa Marga (Persero) Tbk PT Krakatau Bandar Samudera PT Taspen (Persero) PT Indonesia Power PT Pelindo II (Persero) PT Bukit Asam (Persero) Lain-lain di bawah Rp 1 Milyar / Other of less than Billions Sub Jumlah / Sub1Total

172







46.



%


Piutang KSO / Trade Receivables JO Rupiah KSO Irigasi Jabung KSO Jembatan Siak Thp.IV KSO Jatigede DAM KSO The Group Epicentrum KSO Kali Madiun Thp 2 KSO Pumping Station KSO Kali Lamong KSO Irigasi Sungai Ular KSO Bandara Sepinggan KSO DAS Solo Hulu KSO Irigasi Batanghari ICB KSO Louwi Goong

0.09 0.08 0.08 0.06 0.05 0.04 0.03 0.02 0.01 0.01 0.01 0.00

16,288,168,147 15,159,931,996 14,771,209,830 10,785,130,124 8,915,578,886 6,978,543,990 5,163,725,537 3,949,260,499 2,027,633,172 2,007,934,626 1,511,685,637 -

0.08 0.08 0.08 0.06 0.05 0.04 0.03 0.02 0.01 0.01 0.01 0.01

16,245,180,852 15,159,931,996 14,771,209,830 10,785,130,124 8,915,578,886 7,926,488,834 5,163,725,537 3,949,260,499 2,027,633,172 2,007,934,626 1,511,685,637 1,923,494,158

Lain-lain di bawah Rp 1 Milyar / Other of less than 1 Billions

0.01

1,873,086,533

0.01

1,522,606,010


0.48 2.20

89,431,888,977 409,842,170,386

0.48 2.18

91,909,860,161 416,878,144,799

PT Pelindo II (Persero) PT PLN (Persero) PT Pembangkitan Jawa Bali PT Angkasa Pura II (Persero) PT Jasa Marga (Persero) Tbk Gala Megah Investment JO PT Prima Multi Terminal PT Hotel Indonesia Natour (Persero) PT Pelindo III (Persero) PT Bio Farma (Persero) PT Pekanbaru Permai Propertindo PT Muba Daya Pratama PT Bank BNI (Persero) Tbk PT Pelindo IV (Persero) PT Bank Mandiri (Persero) Tbk PT Angkasa Pura I (Persero) PT Angkasa Pura Hotel PT Angkasa Pura I (Persero)

1.60 0.18 0.14 0.13 0.09 0.04 0.04 0.04 0.04 0.03 0.02 0.02 0.01 0.01 0.01 0.01 0.00 0.00

298,345,382,931 32,671,714,361 25,336,603,618 25,184,515,543 16,085,517,925 8,215,884,369 8,102,421,309 7,420,204,545 6,959,211,098 5,227,265,222 4,517,434,657 3,357,000,000 2,797,136,364 2,188,532,279 1,500,000,000 1,038,000,000 -

1.54 0.16 0.13 0.13 0.07 0.04 0.02 0.04 0.03 0.02 0.02 0.02 0.01 0.01 0.01 0.00 0.01 0.01

293,935,344,115 31,445,036,649 25,336,603,618 25,601,601,409 12,542,937,156 8,215,884,369 4,491,914,473 7,420,204,545 5,525,637,144 4,392,144,317 3,629,068,759 3,357,000,000 2,797,136,364 1,301,530,398 1,500,000,000 2,272,863,875 1,779,278,075

Lain-lain di bawah Rp 1 Milyar / Other of less than 1 Billions Jumlah / Total

0.00

789,058,401

0.00

816,575,345

2.41

449,735,882,622

2.28

436,360,760,611

Piutang Retensi / Retention Receivable Rupiah

173






(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 46. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI (lanjutan) % Tagihan Bruto Kepada Pemberi Kerja / Unbilled Receivable Rupiah PT Pelindo II (Persero) PT Hutama Karya (persero) PT Angkasa Pura II (Persero) PT Prima Multi Terminal PT PLN (Persero) PT Jasa Marga (Persero) Tbk PT Pelindo IV (Persero) PT Angkasa Pura I (Persero) PT KAI (Persero) PT Pelindo III (Persero) PT Pekanbaru Permai Propertindo PT Bio Farma (Persero) PT Hotel Indonesia Natour (Persero) Kementerian Kesehatan RI PT Pertamina EP Cepu PT Indopola Meka Energy Perum Peruri PT Indonesia Power PT Krakatau Daya Listrik PT Inpola Meka Energy PT Angkasa Pura Hotel Lain-lain di bawah Rp 1 Milyar / Other of less than 1 Billions Jumlah / Total Piutang Lain-Lain / Other Receivables Jangka Pendek / Short Term Yayasan Dana Pensiun Pegawai PT PP (YDP4) PT PP Taisei Piutang Bunga Koperasi Karyawan Sub Jumlah / Sub Total

46.



%


2.12 1.71 1.42 1.34 1.26 0.90 0.67 0.28 0.24 0.15 0.13 0.13 0.06 0.06 0.05 0.05 0.03 0.01 0.00 0.00 0.00 0.00

395,304,147,324 318,330,384,000 265,980,392,816 250,318,068,064 235,877,274,811 168,121,387,522 125,574,860,421 51,821,602,104 44,321,032,607 28,089,681,820 24,925,265,863 24,611,485,467 11,508,286,039 10,337,159,689 8,504,990,000 8,452,214,678 6,479,500,000 1,981,664,914 715,076,749

1.59 0.34 1.24 1.44 1.46 0.83 0.71 0.23 0.23 0.25 0.16 0.09 0.06 0.00 0.00 0.00 0.03 0.00 0.09 0.02 0.01 0.00

304,753,883,142 65,828,000,000 237,621,705,201 275,751,836,308 280,063,985,357 159,581,185,759 136,281,040,694 43,848,248,173 44,321,032,607 47,954,269,569 30,088,247,772 16,818,454,092 11,508,286,039 6,479,500,000 17,808,297,783 3,952,898,000 1,592,677,563 -

10.61

1,981,254,474,888

8.80

1,684,253,548,059

0.00 0.00 0.00 0.01

35,826,000 5,811,470 369,012,331 1,130,627,684

0.00 0.00 0.01 0.01

35,826,000 5,811,470 2,513,768,495 1,084,595,904

0.01

1,541,277,485

0.02

3,640,001,869

174







46.



%


Jangka Panjang / Long Term PT Citra Waspphutowa

0.00

787,024,728

0.00

787,024,728

Jumlah / Total

0.01

2,328,302,213

0.02

4,427,026,597

4.65 1.52 1.86 0.15 1.06

624,073,578,036 204,143,151,194 250,000,000,000 20,000,000,000 142,516,895,700

4.62 1.46 1.46 0.36 0.29

646,989,651,500 205,034,737,872 205,000,000,000 50,000,000,000 40,250,690,534

9.25

1,240,733,624,930

8.19

1,147,275,079,906

Utang Non Bank / Non Bank Loans Lembaga Pembiayaan Ekspor Indonesia5.06

678,484,103,585

2.87

401,594,722,960

5.06

678,484,103,585

2.87

401,594,722,960

0.07 0.08 0.00

9,193,004,065 10,791,623,296 -

0.07 0.03 0.00

9,691,845,817 3,742,707,502 559,830,260

0.15

19,984,627,361

0.10

13,994,383,579

PT Jasa Marga (Persero) Tbk PT Prima Multi Terminal PT Inpola Meka Energy PT Bio Farma (Persero) PT Pelindo III (Persero) PT Indonesia Power PT PLN (Persero) Lain-lain di bawah Rp 1 Milyar / Other of less than 1 Billions

0.82 0.55 0.19 0.08 0.06 0.06 0.00 0.00

110,596,756,636 73,568,157,383 26,067,363,636 11,268,171,162 8,684,918,184 8,116,959,282 423,224,144

0.32 0.58 0.07 0.10 0.10 0.06 0.04 0.00

44,836,363,636 80,789,171,055 10,067,363,636 14,280,480,546 14,474,863,638 8,362,458,450 5,046,997,681 -

Jumlah / Total

1.78

238,725,550,427

1.27

177,857,698,642

Utang Bank / Bank Loans Jangka Pendek / Short Term PT Bank Mandiri (Persero) Tbk PT BRI (Persero) Tbk PT BNI (Persero) Tbk PT Bank BTN (Persero) Tbk PT Bank Syariah Mandiri Jumlah / Total

Jumlah / Total Utang Usaha / Trade Payables PT Wijaya Karya Rekayasa Kontruksi PT Wijaya Karya Beton Lain-lain di bawah Rp 1 Milyar / Other of less than 1 Billions Jumlah / Total Uang Muka Pemberi Pekerjaan dan Konsumen / Advances From Projects Owners and Consumers

175







46.



%


Uang Jangka Panjang / Long Term Liabilities PT Bank BTN (Persero) Tbk 2.13 PT Bank Syariah Mandiri 0.35 PT Bank BRI (Persero) Tbk 0.06 0.26 Lembaga Pembiayaan Ekspor Indonesia Jumlah / Total 2.80

285,530,250,000 46,392,083,333 8,439,525,684 34,911,765,440

2.46 1.28 0.07 0.16

344,610,000,000 178,852,571,778 10,111,725,684 21,838,704,612

375,273,624,457

3.96

555,413,002,074

Pendapatan / Revenue PT Hutama Karya (persero) PT Pelindo II (Persero) PT PLN (Persero) PT Jasa Marga (Persero) Tbk PT Prima Multi Terminal PT Angkasa Pura I (Persero) PT Angkasa Pura II (Persero) PT Bio Farma (Persero) PT Pelindo III (Persero) PT Pertamina EP Cepu PT Pelindo IV (Persero) Kementerian Kesehatan RI PT Indopola Meka Energy PT Indonesia Power PT Angkasa Pura Hotel Lain-lain di bawah Rp 1 Milyar / Other of less than 1 Billions

9.83 6.98 2.11 2.10 1.81 1.40 1.33 0.95 0.94 0.33 0.27 0.24 0.17 0.14 0.09 0.00

254,457,334,000 180,691,420,468 54,552,019,099 54,313,361,409 46,776,368,483 36,330,440,367 34,312,530,132 24,495,449,467 24,420,048,615 8,504,990,000 7,033,857,355 6,336,002,599 4,499,316,678 3,618,326,033 2,203,745,203 -

14.89 4.95 0.09 0.23 0.13 0.19 3.29 0.04

295,075,327,425 98,058,952,460 1,745,359,012 4,535,052,432 2,644,133,155 3,761,542,892 65,284,766,415 774,571,541

28.70

742,545,209,908

23.81

471,879,705,332

Jumlah / Total

Biaya remunerasi Komisaris, Direksi dan Karyawan kunci untuk tahun yang berakhir 31 Maret 2016 dan 2015 adalah sebagai berikut:

The remunerations of Commissioners, Directors and key employees for the years ended 31 March 2016 and 2015:



Komisaris Direksi Karyawan kunci

861,300,000 1,914,000,000 2,230,432,406

683,100,000 1,518,000,000 1,816,573,333

Commissioner Directors Key employees

Jumlah

5,005,732,406

4,017,673,333

Total

176






(Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain) 46. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI (lanjutan)

46.


Seluruh transaksi kepada pihak berelasi telah diungkapkan pada laporan keuangan.

The entire transactions with related parties are disclosed in the financial statements.

Personil manajemen kunci Perseroan adalah Komisaris, Direksi dan Kepala Divisi.

Key management personnel of the company are Boards of Commissioners, Directors and Division Head.

47. ASET DAN LIABILITAS MONETER DALAM MATA UANG ASING

47.

Saldo Aset dan liabilitas moneter dalam mata uang asing adalah sebagai berikut: Mata Uang Asing / Foreign Currencies Aset Kas dan Setara Kas



Balance of monetary assets and liabilities denominated in foreign currencies:

31 Maret / March 2016 Ekuivalen / Equivalent



7,665,320 49,347 2,823,320 3,281,690 3,871,342 11,057,399 19,223,566

101,764,787,789 5,831,944 27,753,480,399 49,323,028,902 51,395,930,672 146,798,029,124 255,212,060,624


USD

38,118,490

506,061,075,122

Trade Payables

Mata Uang Asing / Foreign Currencies Aset Kas dan Setara Kas

MONETARY ASSETS AND LIABILITIES IN FOREIGN CURRENCIES

31 Desember / December 2015 Ekuivalen / Equivalent



15,070,502 49,505 983,757 12,097,967 592,632 3,373,785 7,332,140

207,897,577,987 5,669,511 9,592,799,666 182,312,434,015 8,175,355,839 46,541,360,219 101,146,870,459


USD

36,684,384

506,061,075,122

Trade Payables

177

48. INFORMASI SEGMEN

48.

SEGMENT INFORMATION

Berdasarkan penelaahan laporan-laporan, Dewan Direksi menetapkan operasi bisnis dari perspektif segmen primer yaitu jenis usaha dan segmen sekunder yaitu geografis:

Based on reviewed of reports, Board of Director has determined business operations from both the premier segment and secondary segment. The premier segment is the business type and the secondary segment is geographical perpective:

a. Segmen Primer

a. Primary Segment

Segmen primer Perusahaan dikelompokkan berdasarkan jenis usaha/produk yang dihasilkan. Informasi segmen berdasarkan jenis usaha/produk adalah sebagai berikut:

The Company primary segments are classified on the basis of type of business/product, as follows:


Konstruksi /

EPC /

Description

Contruction

EPC

Properti & Realti /

Pracetak /

Peralatan /

Eliminasi /

Jumlah /


Precast

Equipment

Elimination

Total

Aset Aset Segmen / Segment Assets: 11,582,104,903,704

934,551,887,823

1,204,393,587,610

-

-

(2,182,261,476,726)

11,538,788,902,411

- PT PP Properti

-

-

5,956,326,009,764

-

-

(50,140,403,805)

5,906,185,605,959

- PT PP Peralatan

-

-

-

-

426,952,743,776

(52,848,436,712)

374,104,307,064

- PT PP Pracetak

579,071,016,033

-

14,030,270,616

364,108,947,302

-

(96,346,303,943)

846,833,659,392

Jumlah Aset Segmen / Total Segmen Assets

12,161,175,919,737

934,551,887,823

7,174,749,867,990

364,108,947,302

426,952,743,776

(2,381,596,621,186)

18,665,912,474,826


178


48.



Konstruksi /

EPC /

Description

Contruction

EPC

Properti & Realti /

Pracetak /

Peralatan /

Eliminasi /

Jumlah /


Precast

Equipment

Elimination

Total

Liabilitas / Liabilities Utang Segmen / Segment Liabilities : 9,950,659,935,969

320,598,630,330

7,538,025,256

-

-

(151,260,174,578)

10,127,536,416,977

- PT PP Properti

-

-

3,348,135,729,675

-

-

(1,124,608,909,150)

2,223,526,820,525

- PT PP Peralatan

-

-

-

323,813,607,868

(8,094,281,645)

315,719,326,223

617,585,647,927

-

39,067,159,655

93,302,629,947

-

(8,638,835,771)

741,316,601,758

10,568,245,583,896

320,598,630,330

3,394,740,914,586

93,302,629,947

323,813,607,868

(1,292,602,201,145)

13,408,099,165,482



4,488,884,486,949

Ekuitas / Equity

768,928,822,395


18,665,912,474,826


179


48.



Konstruksi /

EPC /

Description

Contruction

EPC

Properti & Realti /

Pracetak /

Peralatan /

Eliminasi /

Jumlah /


Precast

Equipment

Elimination

Total


239,010,591,014

5,562,572,666

-

-

(70,900,981,991)

1,968,209,253,568

66,551,676,252

-

14,780,948,227

52,931,533,819

-

(65,065,342,359)

69,198,815,939

- PT PP Properti

-

-

533,703,532,492

-

-

- PT PP Peralatan

-

-

-

-

68,287,874,981

(51,718,612,093)

16,569,262,888

1,861,088,748,131

239,010,591,014

554,047,053,385

52,931,533,819

68,287,874,981

(187,684,936,443)

2,587,680,864,887

92,629,191,932

(1,760,247,581,308)

820,608,333

(121,259,109,898)

94,235,136,178

(295,305,216,807)

(50,917,927,441)

-

(50,917,927,441)



533,703,532,492

Beban Pokok Penjualan / Cost of Goods Sold: - Perusahaan Induk / Parent Company - PT PP Pracetak

(1,638,651,941,605)

(210,041,100,827)

(60,073,758,578)

(4,183,730,808)

(13,353,347,842)

(48,652,611,811)

(389,540,352,985)

- PT PP Properti - PT PP Peralatan Jumlah Beb.Pokok Penjualan / Total Cost of Goods Sold Hasil Segmen / Segment Revenue

(1,698,725,700,183)

(210,041,100,827)

(407,077,431,635)

(48,652,611,811)

(50,917,927,441)

187,684,936,443

(2,227,729,835,454)

162,363,047,948

28,969,490,187

146,969,621,750

4,278,922,008

17,369,947,540

-

359,951,029,433

180


48.



Konstruksi /

EPC /

Description

Contruction

EPC

Beban Usaha / Operating Expenses Laba Usaha / Operating Income Pendapatan (Beban) Lain-lain / Others Income (Expenses)


Properti & Realti /

Pracetak /

Peralatan /

Eliminasi /

Jumlah /


Precast

Equipment

Elimination

Total

(78,709,804,795)

(5,928,433,627)

(17,419,463,405)

-

(2,615,876,542)

-

(104,673,578,369)

83,653,243,153

23,041,056,560

129,550,158,345

4,278,922,008

14,754,070,998

-

255,277,451,064

(18,814,468,843)

-

(10,308,801,798)

-

(5,836,246,521)

-

(34,959,517,162)

64,838,774,310

23,041,056,560

119,241,356,547

4,278,922,008

8,917,824,477

-

220,317,933,902

Penghasilan (Beban) Pajak / Income Tax (Expenses)

(90,414,902,229)

Laba Tahun Berjalan dari Operasi yg dilanjutkan / Current Profit of Continued Operations

129,903,031,673

Penghasilan Komprehensif Lain Pos Yang Tidak Akan Direklasifikasi ke Laba (Rugi) / Other Comprehensive Income Post That Will Not Be Reclassified to Income (Loss ) Laba (Rugi) dan Penghasilan Komprehensif Lain Tahun Berjalan/ Income (Loss) and Other Comprehensive Income

8,838,043,508

138,741,075,181



31,733,501,888


129,903,031,673



31,733,501,888


138,741,075,181


181

20


48.



Konstruksi /

EPC /

Description

Contruction

EPC

Properti & Realti /

Pracetak /

Peralatan /

Eliminasi /

Jumlah /


Precast

Equipment

Elimination

Total

Aset Aset Segmen / Segment Assets: 12,765,576,006,035

774,482,855,866

1,078,485,012,725

-

-

(2,160,758,016,544)

12,457,785,858,082

- PT PP Properti

-

-

5,318,956,722,653

-

-

(5,890,399,090)

5,313,066,323,563

- PT PP Peralatan

-

-

-

-

378,545,772,859

(84,207,535,364)

294,338,237,495

- PT PP Pracetak

933,901,570,495

-

10,526,206,760

198,087,612,985

-

(78,894,026,961)

1,063,621,363,279

Jumlah Aset Segmen / Total Segmen Assets

13,699,477,576,530

774,482,855,866

6,407,967,942,138

198,087,612,985

378,545,772,859

(2,329,749,977,959)

19,128,811,782,419

10,816,288,053,946

391,865,435,208

7,290,552,144

-

-

(1,094,709,792,163)

10,120,734,249,135

- PT PP Properti

-

-

2,801,369,868,416

-

-

(132,211,830,808)

2,669,158,037,608

- PT PP Peralatan

-

-

-

282,687,873,995

(6,438,502,237)

276,249,371,758

867,810,360,060

-

26,826,504,320

56,356,458,086

-

(7,395,432,711)

943,597,889,755

11,684,098,414,006

391,865,435,208

2,835,486,924,880

56,356,458,086

282,687,873,995

(1,240,755,557,919)

14,009,739,548,256




4,381,876,913,656

Ekuitas / Equity

737,195,320,507


19,128,811,782,419


182


48.



Konstruksi /

EPC /

Description

Contruction

EPC

Properti & Realti /

Pracetak /

Peralatan /

Eliminasi /

Jumlah /


Precast

Equipment

Elimination

Total


163,358,348,875

4,903,459,659

-

-

(4,989,365,814)

1,461,265,562,887

99,001,227,955

-

20,254,066,507

4,726,836,269

-

(10,000,359,000)

113,981,771,731

- PT PP Properti

-

-

387,892,782,684

-

-

-

387,892,782,684

- PT PP Peralatan

-

-

-

-

52,523,046,924

(33,867,561,906)

18,655,485,018

1,396,994,348,122

163,358,348,875

413,050,308,850

4,726,836,269

52,523,046,924

(48,857,286,720)

1,981,795,602,320



Beban Pokok Penjualan / Cost of Goods Sold: - Perusahaan Induk / Parent Company - PT PP Pracetak - PT PP Properti

(1,182,638,706,535)

(143,431,356,735)

(3,739,359,482)

-

-

37,028,815,906

(1,292,780,606,846)

(89,086,626,236)

-

(18,282,008,717)

(4,360,715,000)

-

513,755,000

(111,215,594,953)

-

-

(273,542,567,091)

-

-

11,314,715,814

(262,227,851,277)

(35,179,483,199)

-

(35,179,483,199)

(35,179,483,199)

48,857,286,720

(1,701,403,536,275)

- PT PP Peralatan Jumlah Beb.Pokok Penjualan / Total Cost of Goods Sold Hasil Segmen / Segment Revenue Beban Usaha / Operating Expenses Laba Usaha / Operating Income

(1,271,725,332,771)

(143,431,356,735)

(295,563,935,290)

125,269,015,351

19,926,992,140

117,486,373,560

366,121,269

17,343,563,725

-

280,392,066,045

(71,952,450,010)

(5,224,831,238)

(9,200,778,054)

-

(2,271,040,745)

-

(88,649,100,047)

53,316,565,341

14,702,160,902

108,285,595,506

366,121,269

15,072,522,980

-

191,742,965,998

183

(4,360,715,000)


48.



Konstruksi /

EPC /

Description

Contruction

EPC

Pendapatan (Beban) Lain-lain / Others Income (Expenses)


Properti & Realti /

Pracetak /

Peralatan /

Eliminasi /

Jumlah /


Precast

Equipment

Elimination

Total

(18,189,901,725)

-

(5,586,664,648)

-

(5,908,292,686)

-

(29,684,859,059)

35,126,663,616

14,702,160,902

102,698,930,858

366,121,269

9,164,230,294

-

162,058,106,939

(68,441,818,936)

Penghasilan (Beban) Pajak / Income Tax (Expenses) Laba Tahun Berjalan dari Operasi yg dilanjutkan / Current Profit of Continued Operations Penghasilan Komprehensif Lain Pos Yang Tidak Akan Direklasifikasi ke Laba (Rugi) / Other Comprehensive Income Post That Will Not Be Reclassified to Income (Loss ) Laba (Rugi) dan Penghasilan Komprehensif Lain Tahun Berjalan/ Income (Loss) and Other Comprehensive Income

93,616,288,003 -

93,616,288,003



83,028,187


93,616,288,003



83,028,187


93,616,288,003


184

19


48.

b. Segmen Sekunder Segmen sekunder perusahaan dikelompokkan berdasarkan daerah geografis dengan rincian sebagai berikut: Nama Divisi

SEGMENT INFORMATION (continued) b. Secondary Segment The Company secondary segments are grouped on the basis of geographical locations:

Wilayah / Region

Division Name

Divisi Operasi I (DVO I)

Cabang / Branch I (Sumatera Utara dan/and Aceh) Cabang / Branch II (Lampung, Bengkulu,Sumatera Selatan, Bangka Belitung dan/and Banten) Cabang / Branch IX (Sumatera Barat, Jambi, Riau dan/and Batam)

Business Division I (DVO I)

Divisi Operasi II (DVO II)

Cabang / Branch III (DKI Jakarta) Cabang / Branch IV (Jawa Barat) Cabang Luar Negeri / Overseas Branches

Business Division II (DVO II)

Divisi Operasi III (DVO III)

Cabang / Branch V (Jawa Tengah, Yogyakarta Jawa Timur) Cabang / Branch VI (Kalimantan)

Business Division III (DVO III)

Divisi Operasi IV (DVO IV)

Cabang / Branch VII (Bali, Nusa Tenggara Barat dan/and Timur, Papua, Timor Leste) Cabang / Branch VIII (Sulawesi, Gorontalo, Maluku)

Business Division IV (DVO IV)

Divisi EPC EPC Division (EPC) Seluruh / Entire Indonesia Informasi segmen berdasarkan daerah geografis adalah Segment information based on geographical area: sebagai berikut : 31 Maret / March 2016 Aset / Asset Sumatera Jakarta dan Jawa Barat Jateng, Jatim dan Kalimantan Bali, Nusa Tenggara, Sulawesi, Gorontalo, Maluku dan Papua Lainnya / Others Jumlah / Total Liabilitas / Liabilities Sumatera Jakarta dan Jawa Barat Jateng, Jatim dan Kalimantan Bali, Nusa Tenggara, Sulawesi, Gorontalo, Maluku dan Papua Lainnya / Others Jumlah / Total


2,709,086,376,259

2,314,101,948,769

2,223,836,635,833

2,109,978,148,958

1,511,575,163,180

1,478,188,799,562

1,365,790,709,210

1,463,584,050,676

10,855,623,590,344

11,762,958,834,454

18,665,912,474,826

19,128,811,782,419

1,986,271,550,468

1,892,327,121,639

1,815,982,677,757 1,464,981,737,349

2,780,216,162,398 1,851,868,350,076

1,210,966,273,419

1,426,992,762,658

6,929,896,926,489

6,058,335,151,485

13,408,099,165,482

14,009,739,548,256

185



Pendapatan / Revenues Sumatera Jakarta dan Jawa Barat Jateng, Jatim dan Kalimantan Bali, Nusa Tenggara, Sulawesi, Gorontalo, Maluku dan Papua Lainnya / Others Jumlah / Total


577,337,424,450

137,744,231,689

672,317,176,374

703,814,407,506

401,850,303,852

294,524,676,519

143,032,167,203

161,909,804,453

793,143,793,008

683,802,482,153

2,587,680,864,887

1,981,795,602,320

49. PERJANJIAN DAN KOMITMEN (lanjutan)

49.

1. Perusahaan memberikan Bank Garansi dan Letter of Credit/SKBDN untuk kepentingan Pemilik Proyek dan Supplier, saldo per 31 Maret 2016 dan 31 Desember 2015 sebagai berikut:


1,530,249,598,563

4,507,715,010,761

186,319,480,000

891,463,307,280

213,914,300,000

877,320,814,180

-

474,096,006,540

2. Perusahaan mempunyai komitmen untuk melaksanakan pekerjaan konstruksi, diantaranya adalah sebagai berikut: Nama Proyek / Project Name

AGREEMENT AND COMMITMENTS (continued) 1 The Company provides Bank guarantees and Letter of . Credit/SKBDN for the interest of projects owners and suppliers, the balances of which as of 31 March 2016 and 31 December 2015 are as follows:

31 Maret / March 2016 Bank Guarantee (IDR) L/C & SKBDN (IDR) Letter of Credit (USD) Letter of Credit (EURO)


2. The Company has commitments to carry out the following construction works:


BENDUNG LOLAK SULUT WADUK PIDEKSO REHABILITASI DI SEDADI

754,545,454,545 361,129,090,909 171,976,980,000

APARTEMEN GUNAWANGSA SURABAYA PEKERJAAN JALAN BATAS SIBOLGA - TAP. SEL GRESIK GAS COGENERATION PLANT

280,898,112,777

CASSIA CONDOTEL BINTAN PLTU PAMA-01 SPRING WOOD JL TOL MEDAN-TEBING TINGGI

Pemberi Kerja / Bowheer


SNVT PJSA BWS Sulawesi I Dinas PU SNVT Bengawan solo Balai Besar Wilayah Sungai Pemali Juana PT Warna Warni Investama

21-Feb-15 26-Nov-14 23-Oct-15

20-Feb-20 05-Nov-18 30-Nov-18

03-Aug-15

03-Apr-18

01-Nov-15

19-Jan-18

156,000,000,000

Kementrian PU dan Perumahan Rakyat, Sumatera Utara PT Petrokimia Gresik

13-Nov-15

13-Sep-17

254,310,000,000 168,066,762,500 292,949,090,909 584,181,818,182

PT Cassia Resort Investment PT Energia Prima Nusantara PT Triniti Dinamik PT Jasa Marga (Persero) Tbk

09-Mar-15 01-Oct-15 01-Aug-15 07-Dec-15

31-Oct-17 31-Jul-17 30-Jun-17 31-May-17

236,454,545,455

186

49. PERJANJIAN DAN KOMITMEN (lanjutan) Nama Proyek / Project Name

49.




REKLAMASI&PEMB DERMAGA MAKASAR NEWPORT TUNJUNGAN PLAZA 6 SURABAYA PELABUHAN KUALA TANJUNG THE MANHATTAN MALL - MEDAN PEMBANGUNAN JALAN TOL MEDAN - KUALANAMU - TEBING TINGGI SEKSI 4B ADOLINA - PERBA

297,153,059,091

PT Pelindo IV (Persero)

03-Jun-15

28-May-17

231,820,000,000 897,730,000,000 345,336,363,636 448,363,636,364

PT Pakuwon Jati Tbk PT Prima Multi Terminal PT Greenland Garden Realty PT Jasa Marga (Persero) Tbk

28-May-14 17-Apr-15 06-Apr-15 21-Oct-15

27-May-17 16-Apr-17 25-Mar-17 14-Mar-17

ST.MORITZ PANAKKUKANG MAKASSAR KARAWACI SENTRAL BUSSINESS DISTRIC WANG RESIDENCE LEXINGTON RESIDENCE ANTASARI HEIGHTS RESIDENCE JAKARTA STADION BEKASI THP VII DRY PORT

576,163,000,000

PT Tribuana Jaya Raya

21-Apr-15

09-Feb-17

397,894,432,000

PT Satu Stop Sukses

07-May-15

07-Jan-17

204,818,425,760 196,586,363,636 126,000,000,000

PT Citicon Propertindo PT Satria Pusaka Permata Perkasa PT Radinka Quatro Land

01-Dec-14 01-Oct-14 01-Apr-15

31-Dec-16 31-Dec-16 31-Dec-16

129,003,910,000 98,781,382,727

Dinas Pemuda dan Olahraga Kementrian PUPR, Dirjen Bina Marga, Satker PJN Metropolitan Jakarta Dinas PU DKI Jakarta

22-Jun-15 29-Jul-15

18-Dec-15 19-Dec-16

15-Dec-14

14-Dec-16

Dinas Kesehatan Provinsi Pekanbaru

19-Dec-14

07-Dec-16

PT Duta Senawijaya Mandiri PT Multi Karya Utama Abadi PT Jasa Marga (Persero) Tbk PT Pelindo II (Persero) PT Prima Bintaro Royale PT Kalla Inti Karsa PT Pakuwon Permai PT Sutera Agung Properti PT Graha Multi Insani Dinas PU Kalimantan Timur PT Trans Marga Jateng Dinas PU PT Mahardika Agung Lestari PT Servo Lintas Raya PT Servo Lintas Raya

31-Mar-15 01-Jun-15 07-Dec-15 11-Sep-12 13-Jul-15 01-Aug-15 01-Sep-14 06-Jan-14 15-Sep-14 08-Sep-14 01-Aug-15 31-Aug-15 01-Jun-15 03-Aug-15 02-Apr-15

30-Nov-16 21-Nov-16 20-Nov-16 10-Nov-16 04-Nov-16 24-Oct-16 30-Oct-16 03-Sep-16 28-Aug-16 28-Aug-16 25-Aug-16 24-Aug-16 23-Aug-16 03-Aug-16 30-Jul-16

PEMB. JALAN LAYANG 280,705,863,636 KEBAYORAN LAMA PEMB. RUMAH SAKIT DAERAH 73,548,961,818 PEKANBARU 177,987,816,824 GARDENIA APARTEMENT BOGOR 232,000,000,000 TECHNOPLEX LIVING APARTMENT 80,150,295,000 JALAN TOL KOPO BUAH BATU 8,208,795,353,371 TERMINAL PETI KEMAS KALIBARU 104,545,454,546 BINTARO ICON 357,928,182,000 NIPAH MALL - MAKASSAR 225,708,163,061 SUPERMALL 3 SURABAYA 320,870,909,000 APARTEMEN SAUMATA 144,700,000,000 APARTEMEN HADININGRAT 299,754,227,273 ISLAMIC CENTER BALIKPAPAN 339,333,636,364 JALAN TOL BAWEN - SALATIGA 181,772,727,273 RS PROVISNSI BALI 221,881,818,182 GRAND JATI JUNCTION 86,772,826,800 JEMBATAN SERVO SERVO LINTAS RAYA HAUL UPGRADE 357,869,750,000

187


49.




ALFA HEAD QUARTERS OFFICE TOWER PEJATEN PARK RESIDENCE SRONDOL MIXED USED MP39 RELOCATE PROJECTFREEPORT LOWLAND LAFAYETTE SEMARANG PROMENADE CONDOTEL PADANG JEMBATAN KALI SANJOYO JALAN BATURADEN MIXED USE KEBAYORAN ICON RS OMNI CIKARANG SWISS BELHOTEL SURABAYA ICON COMPLEX FASILITAS PENUNJANG BANDARA RAJA HAJI FISABILILLAH TANJUNG PINANG PEMBANGUNAN SEMANI TAHAP II

209,609,362,081

PT Perkasa Internusa Mandiri

05-Jan-15

05-Jul-16

205,909,090,909 139,000,000,000 129,000,000,000

PT Kuala Jaya Realty PT Sun Property Abadi PT Freeport Indonesia

01-Jan-15 05-Jan-15 24-Apr-15

30-Jun-16 28-Jun-16 24-Jun-16

245,888,000,000 104,500,000,000 72,567,272,727 118,181,000,000 145,454,545,455 31,500,000,000 172,545,454,545 390,909,574,057 75,619,071,818

PT Pahala Agung PT Griya Cipta Optimal PT Trans Marga Jateng PT Sejahtera Alam Energy PT Kebayoran Puspita PT Sarana Aditama Anugerah PT Centurion Perkasa Iman PT Duta Anggada Realty Tbk PT Angkasa Pura II (Persero)

31-Oct-14 11-May-15 19-Aug-15 15-Sep-15 10-Oct-14 10-Aug-15 08-Jan-15 01-Dec-14 13-Jan-15

22-Jun-16 19-Jul-16 14-Jul-16 11-Jun-16 01-Jun-16 06-Apr-16 02-Apr-16 25-Mar-16 07-Mar-16

104,380,727,273

08-Sep-14

01-Mar-16

GRAND KAMALA LAGOON BEKASI INDARUNG CC7 PEM. MIXED USED DEV. PANGHEGAR PEKANBARU PEMB ISLAMIC CENTER KAB NUNUKAN THP II PEMBANGUNAN HOTEL HOWARD JOHNSON PEK. PEMB. JALAN SAKETI BANJARSARI APRON BANDARA A. YANI SEMARANG JALAN TIBAR - GLENO, TIMOR LESTE CONVEYOR TELUK LAMONG

187,149,000,000 144,707,738,850 150,000,000,000

Dinas Bina Marga & Pengairan Pemkot Samarinda PT PP Properti Tbk PT Semen Padang PT Panghegar Pekanbaru Permai

01-Dec-14 04-Dec-15 26-Dec-14

29-Feb-16 27-Feb-16 17-Feb-16

162,211,300,000

Dinas PU Kabupaten Nunukan

19-Dec-14

16-Feb-16

PT Tiara Abadi Nirmala

07-Oct-14

07-Feb-16

144,411,456,364

Dinas Bina Marga dan Tata Ruang

04-Aug-14

26-Jan-16

141,785,432,182

PT Angkasa Pura I (Persero)

31-Mar-15

24-Jan-16

263,629,515,780

Kementerian Infrastruktur Timor Leste

02-Jul-13

20-Jan-16

144,748,636,364

07-Jan-15

07-Jan-16

UK PETRA GEDUNG P1&P2

179,545,454,545

PT Pelindo III (Persero) Yayasan Perguruan Tinggi Kristen Petra PT PLN BATAM

13-Oct-14

05-Jan-16

01-Nov-13

31-Dec-15

PLTGU TANJUNG UNCANG 100 120 MW

52,044,866,008

1,105,818,339,893

188

49. PERJANJIAN DAN KOMITMEN (lanjutan) Nama Proyek / Project Name PEMB. APARTEMEN THE OASIS AREA R1 PEMB. RUMAH BUDAYA INDONESIA TIMOR LESTE GRAHA SAWANGAN JALAN TOL SOKER SEKDI 2A GED ASRAMA UIN MALANG PLTMG 100 MW PEAKER GORONTALO PENINGKATAN JLN KABUPATEN BULUNGAN DESIGN & BUILD AIRCRAFT GSE SOETA CONVENTION CENTER NUNUKAN JEMBATAN KELINJAU II PEKERJAAN KONSTRUKSI SIPIL PAKET CC-3 PROYEK INDARUNG VI

49.

Nilai Kontrak / Contract Value 147,591,000,000



PT Nusantara Prospekindo Sukses

01-Sep-14

31-Dec-15

KEMENDIKBUD

06-Mar-15

31-Dec-15

43,691,904,771 81,986,370,909 43,499,272,728 428,904,857,504

Lembaga Sandi Negara PU Bina Marga Jateng UIN Malang PT PLN (Persero)

19-Aug-15 10-Jun-15 04-Jun-15 30-Jun-15

31-Dec-15 31-Dec-15 31-Dec-15 30-Dec-15

199,281,277,273

Dinas PU Kabupaten Bulungan

07-Oct-13

25-Dec-15

302,301,818,182


30-Mar-15

24-Dec-15

65,729,725,454 70,758,009,091 135,000,000,000

Dinas PU Kabupaten Nunukan Dinas PU Kutai Timur PT Semen Padang

03-Feb-14 15-Sep-14 28-Jan-15

24-Dec-15 24-Dec-15 24-Dec-15

KUTAI KARTANEGARA COAL 101,760,000,000 TERMINAL 93,466,232,451 PEMB.TRANSMART BALIKPAPAN APARTEMEN SUNGKONO 84,000,000,000 SURABAYA 131,317,961,818 RSUP SUMSEL THP 3 GEDUNG BARU UNPAD IDB JATINANGOR 269,929,810,000 PEMBANGUNAN GEDUNG 159,245,289,091 FASILITAS PRODUKSI VAKSIN DAN PENGEMASAN 60,500,000,000 ALILA VILLA, MUSEUM & SPA BINTAN 286,250,000,000 IAIN AMPEL SURABAYA 277,891,818,182 APARTEMEN VIDA VIEW 205,220,000,000 APARTEMEN CIPUTRA SURABAYA 125,700,000,000 CANDILAND SEMARANG 85,090,909,090 PLAZA ASIA SUMEDANG 158,000,000,000 STRUKTUR SUDIRMAN ONE 345,000,000,000 IZZARA APARTEMEN GTU 500,000,000,000 LPG BANYUWANGI PEMB INTERCHANGE CIKANDE 133,568,662,727 BANTEN 110,994,886,364 HOTEL SALAK

PT Asiatic Universal Indonesia

17-Dec-12

17-Dec-15

PT Trans Ritel Properti PT PP Properti Tbk

16-Dec-14 10-Nov-14

15-Dec-15 12-Dec-15

Dinas Kesehatan Prov Sumsel Universitas Padjajaran PT Bio Farma (Persero)

25-Jun-15 17-Oct-14 17-Oct-14

21-Dec-15 11-Dec-15 11-Dec-15

PT Bintan Cipta Cemerlang IAIN Sunan Ampel Surabaya PT Sinar Galesong PratamaPT Win Win Realty Centre PT Megatama Putra PT Asia Tritunggal Jaya PT Pancakarya Griyatama PT Grage Trimitra Usaha PT Misi Mulia Petronusa DPU Kabupaten Serang

08-Dec-14 10-Oct-14 11-Oct-13 01-Apr-13 13-May-14 09-May-14 01-Nov-13 01-Oct-13 16-Dec-13 17-Apr-14

07-Dec-15 05-Dec-15 30-Nov-15 30-Nov-15 04-Nov-15 31-Oct-15 30-Oct-15 25-Oct-15 16-Oct-15 09-Oct-15

PT Hotel Properti Internasional

14-Apr-14

30-Sep-15

76,618,181,818

189


49.




PEK.KONSTRUKSI SIPIL PAKET CC4 INDARUNG VI-PADANG PEK STRUKTUR LANDMARK RESIDENCE IRIGASI LEMPUING ICB 12 PAKET 20

135,200,000,000

PT Semen Padang

28-Nov-14

24-Sep-15

217,727,272,727

PT Cahaya Bandung Jaya

27-May-14

19-Sep-15

30-Jul-12

15-Sep-15

PEMB. CHF 5 MTPA MUARA BENGALUN PASAR SENTRAL GADANG RS MARINA PERMATA SUPERMALL PAKUWON SURABAYA BANGKANAI SKYLINE APARTEMEN INTERMARK TANGERANG RS PRATAMA JOGJAKARTA

112,136,300,000

Dirjen SDA Wilayah Sungai Sumatera VIII PT Baradinamika Mudasukses

01-Oct-14

31-Aug-15

01-Jul-14 06-Nov-14 10-Jun-13 08-Oct-13 01-Nov-13 15-Jun-13

25-Aug-15 18-Aug-15 02-Aug-15 02-Aug-15 01-Aug-15 14-Jul-15

14-Jul-14

13-Jul-15

PLTG SARULLA

251,954,973,959

01-Jul-13

30-Jun-15

JL LIQUICA MOTA ANGIN TIMOR LESTE GUDANG AMONIUM NITRAT

127,480,892,850

PT Patra Berkah Itqoni PT Erina Citra Gemilang PT Pakuwon Jati Tbk PT PLN (Persero) PT Adhiloka Shobat Sewita KSO Merdeka Media Group & Ronov Indonesia Rs Pratama Hyundai Engineering & Constr. Co., Ltd Kementerian Infrastruktur Timor Leste

28-Aug-12

30-Jun-15

53,410,069,431

PT Pelabuhan Penajam Banua Taka

31-Jan-14

30-Jun-15

APRON BANDARA SULTAN THAHA

99,965,454,545


30-Dec-13

23-Jun-15

THE PINNACLE SEMARANG PEMB. HOTEL GRAHA SENGGIGI LOMBOK HOTEL CIREBON

200,000,000,000

PT Graha Masindo Pratama

27-Mar-14

20-Jun-15

105,057,700,000

PT Graha Senggigi

21-Oct-14

18-Jun-15

96,044,574,245

PT Cirebon Hotel & Convention

28-Nov-12

14-Jun-15

GATEWAY PASTEUR THP 2

173,730,272,727


11-Jun-14

11-Jun-15

ICONIC OFFICE TOWER

124,000,000,000

PT Duta Indah Iconic Yayasan Perguruan Tinggi Kristen Maranatha PT Anugrah Duta Mandiri

10-Apr-14

03-Jun-15

23-Dec-13

31-May-15

12-Nov-12

31-May-15

PT Graha Satu Tiga Tujuh

22-Oct-13

31-May-15

UNIVERSITAS MARANATHA

65,966,653,936

186,363,636,363 63,181,818,182 271,307,749,900 460,379,000,000 118,313,636,364 153,733,251,080 57,710,000,000

85,318,181,819

KEMANG VIEW APARTEMENT

122,717,210,252

W/R SEMARANG APARTEMEN

95,272,727,273

CONDOTEL DE VASA SURABAYA

124,454,987,854

PT Tanrise Indonesia

15-Jul-13

31-May-15

EDUCITY RESIDENCES SURABAYA

445,300,000,000


14-Mar-12

31-May-15

JALAN TOL CIKAMPEK - PALIMANAN TUNJUNGAN PLAZA 4 & 5 SURABAYA PESANGGRAHAN BALI

581,083,664,612

KG-NRC CONSORSIUM

01-May-13

30-May-15

156,309,090,909


16-Feb-13

17-May-15

497,196,579,376

PT Indonesia Power

30-Dec-13

14-May-15

89,562,727,272

PT Griya Telaga Mas

30-Apr-14

30-Apr-15

BATAKAN HEIGHT RESIDENCE

190

49. PERJANJIAN DAN KOMITMEN (lanjutan) Nama Proyek / Project Name HOTEL PARK INN BY RADDISON MAKASAR HOTEL CLIFF AVU STRUKTUR

49.




72,727,272,727

PT Catur Jaya

20-Mar-14

30-Apr-15

45,774,775,667

PT Bukit Nusa Harapan

17-Feb-14

19-Apr-15

CIKARANG CENTRAL CITY BLOK DEF

115,680,041,068

PT Mutiara Mitra Sejahtera

01-Oct-13

31-Mar-15

TRIVIUM TERAS APARTEMEN

183,149,561,460

PT Waska Sentana

15-Aug-13

31-Mar-15

GATEWAY PASTEUR APARTMENT

203,652,841,818


11-Jul-13

31-Mar-15

HOTEL AVANI BALI

51,454,545,455

PT Danau Winata Indah

30-Jun-14

28-Mar-15

KULTER TAHAP 3 POLINEMA

38,099,090,909

Politeknik Negeri Malang

12-Sep-14

19-Mar-15

SMELTER

89,700,000,000

PT Bintang Smelter Indonesia

30-Jun-14

12-Mar-15

PT Menara Perkasa Margahayuland

06-Mar-13

28-Feb-15

Yayasan Manunggal Slawi

02-Jun-14

28-Feb-15

PT Inpola Meka Energi

02-Sep-13

24-Feb-15

THE KENANGA

257,420,920,175

SEKOLAH SLB SLAWI

11,241,724,043

PLTM LAU GUNUNG

100,673,224,506

PEMB. CILEGON GREEN MALL

54,546,000,000

PT Berkat Anugerah Sejahtera Mandiri

01-Sep-14

06-Feb-15

KAMPUS WILMAR MEDAN

50,000,000,000

PT Graha Kencana Abadi

12-May-14

06-Feb-15

BOSOWA SEMEN LINE 2 - MAROS

152,211,000,000

PT Semen Bosowa Maros

27-Jun-13

31-Jan-15

MIMIKA SPORT COMPLEX

255,000,000,000

PT Freeport Indonesia

07-Oct-13

31-Jan-15

HOTEL AMMI MEDAN

124,253,636,363

PT Lintas Insana Wisewa

07-Mar-14

30-Jan-15

31,139,090,909

PT Graha Yasa Selaras

25-Feb-13

30-Jan-15

PT Mandiri Cipta Gemilang

10-Sep-12

08-Jan-15

HOTEL NEO MAKASSAR SAINT MORIS AMBASADOR

402,858,826,414

3. Kasus Hukum a Perseroan mengajukan eksekusi atas putusan . Mahkamah Agung ("MA") dan Badan Arbitrase Nasional indonesia ("BANI"), dimana posisi terakhir adalah Putusan PK oleh MA tanggal 31 Desember 2012 menolak permohonan PK dan PP akan melaksanakan eksekusi atas putusan BANI yang memenangkan Perseroan sebesar Rp1.750.000.000. Posisi Terakhir Ada permintaan dari BNI untuk mengajak Perseroan sebagai kreditur-kreditur lainnya (KL) untuk ajukan Pailit. BNI akan beritahu nilai hutang PT PIP & aset PT PIP yang dijaminkan di BNI.

3 .

191

Law Case a. The Company filed a petition for execution of the Supreme Court (MA) and Indonesian Arbitration (BANI) judgment, where the MA and BANI in their ruling dated 31 December 2012 rejected the case review and the ruling is in favour of the Company. Therefore the Company will excecute the ruling worth IDR1,750,000,000. Last Position There is a request from BNI to invite the Company as other creditors (KL) to ask Bankrupt. BNI will tell the value of debt PT PIP and assets pledged in BNI.

49. PERJANJIAN DAN KOMITMEN (lanjutan) 3. Kasus Hukum b Perseroan dan PT Wijaya Karya (Persero) Tbk, PT . Adhi Karya (Persero) Tbk, PT Hutama Karya (Persero), PT Paula Jaya bersama Gubernur Kaltim dan Walikota Samarinda sebagai tergugat dalam gugatan PT.Nuansa Cipta Realtindo (NCR) dengan nomor perkara No.304/pdt.G/2013/PN JakartaTimur tertanggal 30 Juli 2013. NCR menilai tergugat melakukan perbuatan melanggar hukum karena Gubernur dan Walikota mengalihkan perjanjian kontrak proyek Bandara Samarinda Baru (BSB) ke Perseroan dan kawan-kawan, pada saat yang sama masih terkait kontrak dengan NCR. Pada tanggal 26 September 2013 dilaksanakan sidang mediasi. Posisi terakhir, mediasi gagal dan Perseroan mengajukan bukti-bukti tertulis tanggal 14 Mei 2014. Pada tanggal 8 Januari 2015 telah dibacakan putusan yaitu menolak gugatan penggugat untuk keseluruhan.

49. 3 .

c Perseroan dan PLN/PLTA Peusangan-NAD . mendapatkan somasi dari warga Arul Kumer-NAD dengan nomor somasi No.8/Adv-OTP/III/2013 tertanggal 11 Maret 2013. Warga meminta ganti rugi tanah, tanaman dan ternak sebesar kurang lebih Rp.4.764.000.000,- dengan menolak uang kompensasi sebesar Rp.25.000.000,-/warga. Perseroan sedang menunggu hasil permintaan pendapat hukum dari PLN, apakah PLN bisa memberikan ganti rugi. Dan hasil opini hukum dari Kejari Aceh : Untuk ganti rugi debu Perseroan sdh bayar 4 dari 7 KK, dengan nilai 70 juta dari 113 juta, sedangkan untuk longsor sedang diadakan pengukuran oleh pihak BPN/PU untk mengetahui luas area yang terkena longsor.

AGREEMENT AND COMMITMENTS (continued) Law Case b. The Company and PT Wijaya Karya (Persero) Tbk, PT Adhi Karya (Persero) Tbk, PT Hutama Karya (Persero), PT Paula Jaya with the Governor of East Kalimantan and the Mayor of Samarinda a co-defendant in a lawsuit submitted by PT.Nuansa Cipta Realtindo (NCR)with the case number No.304/pdt.G/2013/PN Jak.Tim dated 30 July 2013. NCR assess defedant committing unlawful because they are turned the project contract BSB to the Company dan friends, at the same time still relevant contract with NCR. At the date of 26 September 2013 mediation session conducte.The last position, mediation failed and Company written evidence submitted by 14 May 2014. On 8 January 2015 has been read out the verdict that rejected the plaintiff's claim to the whole .

c. The Company and PLN/PLTA Peusangan-NAD getting a subpoena from residents Arul Kumer-NAD with numbers No.8/Adv-OTP/III/2013 dated 11 March 2013. The residents asked for compensation of land, crops and livestock approximately Rp.4.764.000.000 by refusing to cash compensation of Rp.25.000.000 per resident. The Company is waiting for the results of the legal opinion request from the PLN, whether PLN may provide compensation. And the results of the legal opinion of Kejari Aceh: To redress dust sdh Company paid 4 of 7 families, with a value of 70 million out of 113 million, while for the landslide is being held by the BPN measurement / PU remedy to know the area affected by landslides.

192

49. PERJANJIAN DAN KOMITMEN (lanjutan) 3. Kasus Hukum (lanjutan) d Perseroan menggugat Wong Jong Kheng dan . tergugat lainnya dengan nomor perkara No.448/Pdt.G/2012/PN.BKS tertanggal 11 Desember 2012 dalam gugatan perbuatan melawan hukum pembelian tanah seluas 34.120 m2, Pekayon Jaya, Bekasi. Sidang 1 tanggal 23 Januari 2013 ditunda karena tergugat tidak hadir, sidang 2 tanggal 20 Februari 2013 dengan agenda mediasi (tidak tercapai mediasi), dan sidang tanggal 13 Nopember 2013 dengan putusan: 1) Wong Jong Kheng harus membayar ganti rugi ke PP senilai Rp18,3 M, 2) Wong Jong Kheng harus membayar ke PP : PBB Rp291 juta, 3) Menolak tuntutan PP selainnya. Posisi terakhir PP menyatakan banding tanggal 26 Nopember 2013. Pada tanggal 24 November 2014 Perseroan menerima Relaas memori kasasi. Pada tanggal 19 Maret 2015 Perseroan telah mengirimkan kontra memori kasasi, dan pada tanggal 28 Agustus 2015 putusan MA menolak permohonan kasasi Wong 50. INFORMASI PENTING LAINNYA

49. 3 .

50.

AGREEMENT AND COMMITMENTS (continued) Law Case (continued) d. The Company sued Kheng Wong Jong and other defendants with the case number No.448/Pdt.G/2012/PN.BKS dated 11 December 2012 in a lawsuit against the law for the land area of 34.120 m2, Pekayon Jaya, Bekasi. Session 1 dated 23 January 2013 was postponed because the defendant is not present, the Session 2 dated 20 February 2013 with the mediation agenda (not reached mediation), and the hearing on 13 November 2013 with a decision: 1) Wong Jong Kheng had to pay compensation to PP worth Rp18, 3 M, 2) Wong Jong Kheng must pay to PP: PBB Rp291 million, 3) Reject PP demand in others. The final position of PP an appeal on 26 November 2013. On 24 November 2014 the Company received a Relaas cassation . On 19 March 2015 the Company has sent a counter against the cassation , and on 28 August 2015 decision of the Supreme Court rejected the appeal Wong Jong Kheng .

OTHER IMPORTANT INFORMATION

Berita Acara RUPS-T PT PP (Persero) Tbk. No.24 yang dibuat oleh M.Nova Faisal, SH., M.Kn di Jakarta, tanggal 21 Mei 2015 memuat keputusan tentang :

The minutes of Shareholder General Meeting of PT PP (Persero) Tbk. No.24 were made by M.Nova Faisal, SH., M.Kn of Jakarta, dated 21 May 2015, approved the matters as follows :

1. Persetujuan Laporan Keuangan Tahunan Perseroan tahun buku 2014 yang telah diaudit oleh KAP Soejatna, Mulyana & Rekan sesuai dengan Laporan Nomor:022/SMR/LAI-PP/II/2015 tanggal 20 Pebruari 2015, dan Laporan Tugas Pengawasan Dewan Komisaris Perseroan Tahun Buku 2014.

1. Approval of annual report for the year ended 31 December 2014 audited by Public Accountant Soejatna, Mulyana & Rekan, report Number :022/SMR/LAI-PP/II/2015 dated 20 February 2015, and Control Report of Board Of Commisioner.

2. Persetujuan dan Pengesahan Laporan Kemitraan dan Bina Lingkungan untuk tahun buku yang berakhir 31 Desember 2014 yang diaudit oleh KAP Soejatna, Mulyana & Rekan sesuai dengan Laporan Nomor:022/SMR/LAI-PKBL-PP/II/2015 tanggal 20 Pebruari 2015.

2. Approval and Legalization of Partnership and Environment Development Programs Report year ended 31 December 2014 audited by Public Accountant Soejatna, Mulyana & Rekan, report number:022/SMR/LAI-PKBL-PP/II/2015 dated 20 February 2015.

3. Penetapan penggunaan Laba Bersih Perseroan untuk tahun buku yang berakhir 31 Desember 2014.

3. Appropriation of net profit of the Company for the year ended 31 December 2014.

193

50. INFORMASI PENTING LAINNYA (lanjutan)

50.

OTHER IMPORTANT INFORMATION (continued)

4. Penetapan tantiem tahun 2014, gaji dan honorarium berikut fasilitas serta tunjangan lainnya untuk anggota Direksi dan Dewan Komisaris tahun 2015.

4. The management bonus for the year 2014, salaries and remuneration of members of the Board of Directors and the Board of Commissioners for the year 2015.

5. Penunjukkan Kantor Akuntan Publik untuk mengaudit Laporan Keuangan Perseroan, PKBL tahun buku 2015.

5. Appointment of public accountant for the audit of the Company's financial statements and partnership and community development programs report for the year 2015.

51. PERISTIWA SETELAH TANGGAL PELAPORAN

51.

Tidak ada kejadian penting setelah tanggal posisi keuangan. 52. KONDISI EKONOMI

There are no significant events after the date of the financial position. 52.

Kegiatan Perusahaan dipengaruhi oleh kondisi ekonomi di Indonesia di masa datang yang dapat berdampak pada ketidakstabilan nilai mata uang dan tingkat bunga, begitu juga dengan penurunan harga saham yang dapat mempengaruhi pertumbuhan ekonomi. Perbaikan dan pemulihan ekonomi tergantung pada beberapa faktor lainnya yang merupakan suatu tindakan yang berada di luar kontrol perusahaan. Laporan keuangan ini mencakup dampak kondisi ekonomi sepanjang hal tersebut dapat ditentukan dan diperkirakan. 53. MANAJEMEN RISIKO KEUANGAN

EVENTS AFTER THE REPORTING PERIOD

ECONOMIC CONDITION The Company's activities are affected by the future economic condition in Indonesia that could lead to unstable value of currency and interest rate, and decrease of economic growth. Economic Improvement and recovery depend on several factors such as monetary and fiscal policies of the goverment and other factors, which are beyond control of the Company. The financial statements encompass the effect of economic condition as long as it can be determined and estimated.

53.

FINANCIAL RISK MANAGEMENT

Perusahaan memandang bahwa risiko merupakan bagian yang tidak terpisahkan dari operasional usaha. Seiring bahwa keberhasilan usaha juga ditentukan oleh efektivitas pengelolaan risiko, Perusahaan terus berupaya untuk meningkatkan kemampuan manajemen Risiko melalui pendekatan yang proaktif dan terencana.

The company perceives that risk is by nature an indivisible part of business operation. Realizing that business success is also determined on the effectivity of risk management, therefore we continually strive to improve our risk management capability through proactive and systematic approach.

Perusahaan telah mengidentifikasi risiko keuangan utama yang dihadapi Perusahaan adalah sebagai berikut:

The Company identified the main financial risk facing the Company are as follows:

1. Risiko Kredit Keterlambatan pembayaran, tidak membayar sebagian atau seluruh hasil kerja proyek dari pemilik proyek akan dapat berpengaruh negatif terhadap perputaran modal kerja Perusahaan.

1 Credit Risk . Late payment, do not pay part or all of the work of the project the project owner will be able to negatively affect the Company's working capital turnover.

194

53. MANAJEMEN RISIKO KEUANGAN (lanjutan)

53.

1. Risiko Kredit (Lanjutan)

1 Credit Risk (continued) . This causes changes in the allocation of funding to some projects that are being and will run as well as the limitations of operating cash flow for capital expenditure needs in the short term.

Hal ini menyebabkan perubahan alokasi pendanaan pada beberapa proyek yang sedang dan akan berjalan serta keterbatasan arus kas operasional untuk kebutuhan pembelanjaan modal dalam jangka pendek. Berikut ini adalah ikhtisar umur aset keuangan yang belum jatuh tempo atau tidak mengalami penurunan nilai dan yang lewat jatuh tempo pada akhir periode pelaporan tetap tidak mengalami penurunan nilai:

1,315,045,742,246 161,200,000,000 3,013,920,413,461 1,258,195,475,266 2,397,379,073


The following is the summary of financial assets not due or no impairment in value and over due and at the end of the reporting period remain no impairment in value:

31 Maret / March 2016 Jatuh Tempo, Tetapi Tidak mengalami Penurunan Nilai / Over Due/No Impairment in Value



532,608,937,452 -

31 Desember / December 2015 Jatuh Tempo, Tetapi Tidak mengalami Penurunan Nilai / Over Due/No Impairment in Value

3,025,394,461,065 276,900,000,000 2,156,418,210,274 1,180,476,980,060 4,674,342,518

770,952,013,666 -

195

Jumlah / Total


Jumlah / Total


53. MANAJEMEN RISIKO KEUANGAN (lanjutan) 2. Risiko Nilai Tukar Mata Uang Asing Sebagian besar kewajiban dalam mata uang Rupiah, karena itu Perusahaan tidak terekspos secara signifikan.

53. 2 .

Perusahaan mulai menggunakan bahan baku impor serta mengerjakan dan akan terus mengembangkan proyek yang berlokasi di luar negeri, sehingga Perusahaan akan menanggung risiko perubahan nilai tukar valuta asing. 3. Risiko Tingkat Suku Bunga Perusahaan tidak terekspose secara signifikan terhadap risiko tingkat suku bunga pinjaman, namun demikian Perusahaan tetap melakukan monitoring secara ketat terhadap kemungkinan terjadinya perubahan suku bunga pinjaman. 4. Risiko Kenaikan Harga Dan Ketersediaan Bahan Baku. Dalam pembuatan Rencana Anggaran Biaya untuk suatu proyek, estimasi biaya mengacu kepada informasi dari pemasok dan juga proyek sejenis yang pernah ditangani.

Risiko likuiditas merupakan risiko Perusahaan tidak dapat memenuhi liabilitasnya pada saat jatuh tempo.

Foreign Exchange Risk Most of the liabilities denominated in yen, so the Company is not exposed significantly. The company began using imported raw materials as well as working on and will continue to develop projects that are located overseas, so the company will bear the risk of changes in foreign exchange.

3 .

Interest Rate Risk

4 .

The Price Increase Risk And Availability of Materials.

Hal ini tidak menjamin bahwa estimasi tersebut tepat. Risiko kenaikan harga bahan baku akan mempengaruhi peningkatan beban pokok penjualan yang jika tidak diimbangi efisiensi maka dapat berakibat secara negatif pada laba kotor Perusahaan. 5. Risiko Likuiditas


The Company is not significantly exposed to interest rate risks of loans, the Company nevertheless remained closely monitoring the possibility of changes in interest rates.

In the Budget Plan for the project, estimated costs refer to the information from suppliers as well as similar projects ever handled. This does not guarantee that the estimate is correct. The risk of raw material price increases will affect the increase in cost of goods sold which if not offset the efficiency it could result in a negative way on the Company's gross profit.

5 .

196

Liquidity Risk Liquidity risk is the risk when the Company unable to meet liabilities as the due falls.

53. MANAJEMEN RISIKO KEUANGAN (lanjutan)

53.

5. Risiko Likuiditas (lanjutan) Perusahaan memonitor secara ketat arus kas masuk dan arus kas keluar untuk memastikan tersedianya dana untuk memenuhi kebutuhan pembayaran liabilitas yang jatuh tempo.

5 .

Berikut ini adalah ikhtisar umur liabilitas keuangan berdasarkan pembayaran kontraktual yang tidak didiskontokan:

FINANCIAL RISK MANAGEMENT (continued) Liquidity Risk (continued) The company closely monitors cash inflows and outflows to ensure the availability of funds to meet the needs of a liability payments are due. The following is aging summary of financial liabilities based on undiscounted contractual payments:

31 Maret / March 2016 <= 1 tahun / year Utang Bank Jangka Pendek Utang Non Bank Utang Usaha

> 1 tahun / year

1,495,162,820,169

Jumlah / Total -

1,495,162,820,169


678,484,103,585

-

678,484,103,585

153,449,804,167

6,414,848,557,147

6,568,298,361,314


-

630,000,000,000

630,000,000,000

Medium Term Note

700,258,490,270

870,012,691,384

1,570,271,181,654

Surat Berharga Jangka Menengah Uang Muka Pemberi Kerja dan Konsumen Utang Sewa Guna Usaha

Advance from Project Owners and Consumers

8,221,012,051

25,831,545,955

34,052,558,006

Leasing Payable

72,466,890,337

-

72,466,890,337


Utang Jangka Panjang

-

382,708,253,675

382,708,253,675


Utang Obligasi

-

998,777,033,262

998,777,033,262



-

201,586,003,217

201,586,003,217


Utang Jangka Pendek Lainnya

31 Desember / December 2015 <= 1 tahun / year

> 1 tahun / year

Jumlah / Total

1,256,343,039,581

-

1,256,343,039,581


401,594,722,960

-

401,594,722,960

7,797,518,943,968

90,272,675,826

7,887,791,619,794


-

330,000,000,000

330,000,000,000

Medium Term Note

697,645,031,616

911,779,722,569

1,609,424,754,185


Utang Sewa Guna Usaha

14,492,096,002

25,831,545,955

40,323,641,957

Leasing Payable

Utang Jangka Pendek Lainnya Utang Jangka Panjang

68,096,467,462

-

68,096,467,462


106,954,129,392

Utang Bank Jangka Pendek Utang Non Bank Utang Usaha Surat Berharga Jangka Menengah Uang Muka Pemberi Kerja dan Konsumen

Owners and Consumers

584,449,224,022

691,403,353,414


Utang Obligasi

-

998,635,662,420

998,635,662,420



-

44,515,997,292

44,515,997,292


197

54. TANGGUNG JAWAB MANAJEMEN ATAS LAPORAN KEUANGAN

54.

Manajemen Perseroan bertanggung jawab atas penyusunan Laporan Keuangan yang diselesaikan pada tanggal 26 April 2016. 55. INFORMASI TAMBAHAN

RESPONSIBILITY OF THE MANAGEMENT The Management is responsible for preparing the financial statements which was completed on 26 April 2016.

55.

Informasi keuangan PT PP (Persero), Tbk (induk perusahaan saja) menyajikan investasi Perseroan pada entitas anak berdasarkan metode biaya, dan bukan menggunakan metode ekuitas atau metode konsolidasi.

ADDITIONAL INFORMATION Financial information PT PP (Persero), Tbk (parent company only) presents the Company's investment in subsidiaries under the cost method, and not using the equity method or consolidation method.

198

INFORMASI TAMBAHAN / ADDITIONAL INFORMATION



INDUK PERUSAHAAN SAJA LAPORAN POSISI KEUANGAN TANGGAL 31 MARET 2016 DAN 31 DESEMBER 2015 (Dinyatakan dalam rupiah penuh, kecuali dinyatakan lain) URAIAN ASET ASET LANCAR Kas dan Setara Kas Investasi Jangka Pendek Piutang Usaha

PARENT COMPANY ONLY STATEMENT OF FINANCIAL POSITION AS OF 31 MARCH 2016 AND 31 DECEMBER 2015 (Expressed in full IDR, unless otherwise stated) 31 Maret /

31 Desember /

March 2015

December 2015

1,020,084,755,340 62,700,000,000

2,524,313,394,050 62,700,000,000

(dikurangi penurunan nilai wajar piutang usaha sebesar Rp163.405.836.154 dan Rp160.575.341.740 masingmasing per 31 Maret 2016 dan 31 Desember 2015) Pihak Ketiga Pihak-Pihak Berelasi

1,143,699,291,117 434,722,088,450

ASSETS CURRENT ASSETS Cash and Cash Equivalents Short-Term Investments Account Receivables

936,993,375,470 436,815,569,014

(net of impairment of account receivable amounting of IDR163,405,836,154 and IDR160,575,341,740 each as of 31 March 2016 and 31 December 2015, respectively) Third Parties Related Parties

694,589,724,126 439,657,133,395

(net of impairment of retention receivable amounting of IDR49.854.217.386 and IDR49.550.074.521 each as of 31 March 2016 and 31 December 2015 , respectively) Third Parties Related Parties

Piutang Retensi

Retention Receivables

(dikurangi penurunan nilai wajar piutang retensi sebesar Rp49.854.217.386 dan Rp49.550.074.521 masingmasing per 31 Maret 2016 dan 31 Desember 2015) Pihak Ketiga Pihak-Pihak Berelasi

DESCRIPTIONS

753,698,345,304 456,885,046,996


Gross Receivables from Project Owners

(dikurangi penurunan nilai wajar tagihan bruto sebesar Rp138.605.340.573 dan Rp163.207.478.963 masingmasing per 31 Maret 2016 dan 31 Desember 2015)

(net of impairment of gross receivable amounting of IDR138.605.340.573 and IDR163.207.478.963 each as of 31 March 2016 and 31 December 2015 respectively)


2,431,768,359,483 2,018,659,223,015

2,842,658,910,912 1,721,479,811,694

Piutang Lain-Lain Pihak Ketiga Pihak-Pihak Berelasi

69,076,860 1,136,787,556

95,261,126 2,795,260,341

Other Receivables Third Parties Related Parties

1,024,061,464,656 3,000,000,000 320,355,172,120 353,670,320,688 304,849,732,523 24,912,055,384

977,872,220,373 3,000,000,000 25,365,040,936 400,862,073,338 190,182,447,473 22,492,397,551

Inventories Advance Payments of Joint Venture Advances Prepaid Taxes Prepaid Expenses Guarantees

10,354,271,719,492

11,281,872,619,799

Total Current Assets

787,024,728 1,031,638,142,116 1,062,207,360,521 248,634,035,052 78,468,050,000

787,024,728 1,019,938,446,677 1,057,872,360,521 248,634,035,052 68,418,050,000

112,707,652,796

113,375,946,005

NON CURRENT ASSETS Other Receivables Receivables to Subsidiary Investment in Subsidiary Company Investment in Associated Company Long Term Investment Others Investment Property (net of accumulated depreciation of IDR23.347.804.663 and IDR22.679.511.454 each as of 31 March 2016 and 31 december 2015, respectively)

827,645,391,844

Fixed Assets (net of accumulated depreciation of IDR61,330,709,833 and IDR65,078,192,111 each as of 31 Maret 2016 and 31 December 2015, respectively)

3,366,778,659,645

3,336,671,254,827

Total Non Current Assets

13,721,050,379,137

14,618,543,874,626

TOTAL ASSETS

Persediaan Uang Muka Ventura Bersama Uang Muka Pajak Dibayar Dimuka Beban Dibayar Dimuka Jaminan Jumlah Aset Lancar ASET TIDAK LANCAR Piutang Lain-lain Piutang Kepada Entitas Anak Investasi Pada Entitas Anak Investasi Pada Entitas Asosiasi Investasi Jangka Panjang Lainnya Properti Investasi (bersih setelah dikurangi akumulasi penyusutan sebesar Rp23.347.804.663 dan Rp22.679.511.454 masingmasing per 31 Maret 2016 dan 31 Desember 2015) Aset Tetap (bersih setelah dikurangi akumulasi penyusutan sebesar Rp61.330.709.833 dan Rp65.078.192.111 masingmasing per 31 Maret 2016 dan 31 Desember 2015)

832,336,394,432 Jumlah Aset Tidak Lancar JUMLAH ASET

Third Parties Related Parties



INDUK PERUSAHAAN SAJA LAPORAN POSISI KEUANGAN TANGGAL 31 MARET 2016 DAN 31 DESEMBER 2015 (Dinyatakan dalam rupiah penuh, kecuali dinyatakan lain) URAIAN LIABILITAS JANGKA PENDEK Utang Bank - Jangka Pendek Pihak Ketiga Pihak-Pihak Berelasi Utang Non Bank Utang Usaha Pihak Ketiga Pihak-Pihak Berelasi Utang Pajak Liabilitas Pajak Penghasilan Final Pendapatan Diterima Dimuka Beban Yang Masih Harus Dibayar Bagian Liabilitas Jangka Panjang Yang Jatuh Tempo dalam Waktu Satu Tahun Surat Berharga Jangka Menengah Uang Muka Pemberi Pekerjaan dan Konsumen Utang Jangka Pendek Lainnya Jumlah Liabilitas Jangka Pendek LIABILITAS JANGKA PANJANG Liabilitas Program Imbalan Kerja Liabilitas Jangka Panjang setelah Dikurangi Yang Jatuh Tempo dalam Waktu Satu Tahun Surat Berharga Jangka Menengah Uang Muka Pemberi Pekerjaan dan Konsumen Utang Obligasi Utang Jangka Panjang Lainnya Jumlah Liabilitas Jangka Panjang Jumlah Liabilitas

PARENT COMPANY ONLY STATEMENT OF FINANCIAL POSITION AS OF 31 MARCH 2016 AND 31 DECEMBER 2015 (Expressed in full IDR, unless otherwise stated) 31 Maret /

31 Desember /

March 2015

December 2015

DESCRIPTIONS

199,999,985,000 1,155,505,305,212

49,999,985,000 1,033,477,765,354

CURRENT LIABILITIES Short Term Bank Loans Third Parties Related Parties

665,700,000,000

365,700,000,000

Non Bank Loans

4,757,945,308,372 135,358,891,119

6,270,094,278,801 97,381,171,232

Trade Payables Third Parties Related Parties

42,351,111,693 203,827,777,146 3,137,207,952 270,830,216,123

45,336,595,980 200,443,957,302 3,798,658,752 231,078,867,776

Taxes Payable Final Income Tax Liabilities Unearned Revenue Accrued Expenses

-

-

580,008,460,922 58,842,121,940

607,853,148,379 55,348,230,441

Current Portion of Long Term Liabilities Medium Term Notes Advances from Project Owners and Consumers

8,073,506,385,480

8,960,512,659,017

Total Current Liabilities

-

-

NON CURRENT LIABILITIES Liabilities of Employment Benefits

300,000,000,000

300,000,000,000

870,012,691,384 998,777,033,262 36,500,481,430

911,779,722,569 998,635,662,420 44,515,997,292

2,205,290,206,075

2,254,931,382,281

Total Non Current Liabilities

10,278,796,591,555

11,215,444,041,298

Total Liabilities

EKUITAS

Bond Payable Other Long Term Liabilities

Equity attributable to: Owners of the Company Share Capital-par value IDR100 per share as at 31 March 2016 dan 31 December 2015

Modal Dasar - 15.000.000.000 Saham

Authorized Capital-15,000,000,000 shares

Modal Ditempatkan dan Disetor 4.842.436.500 saham masingmasing per 31 Maret 2016 dan 31 Desember 2015

484,243,650,000

484,243,650,000

Tambahan Modal Disetor

468,018,090,364

468,018,090,364

Pengukuran Kembali Program Pensiun Imbalan Pasti Keuntungan Revaluasi Aset Tetap Saldo Laba : Ditentukan Penggunaannya Belum Ditentukan Penggunaannya Jumlah

(21,815,603,467) 817,716,008,984

(30,703,022,764) 817,759,484,487

JUMLAH LIABILITAS DAN EKUITAS

Long-Term Liabilities Net of Current Portion Medium Term Notes Advances from Project Owners and Consumers

SHAREHOLDERS EQUITY

Ekuitas yang dapat diatribusikan kepada: Pemilik Entitas Induk Modal Saham - Nilai Nominal Rp100 per 31 Maret 2016 dan 31 Desember 2015

Jumlah Ekuitas


Issued and Paid Up Capital 4,842,436,500 shares each as of 31 March 2016 and 31 December 2015 Additional Paid-in Capital

1,663,781,631,241 30,310,010,460 1,694,091,641,701

1,157,822,272,686 505,959,358,555 1,663,781,631,241

Remeasurement Employee Benefit Pension Program Gain of Fixed Asset Revaluation Retained Earnings : Appropriated Unappropriated Total

3,442,253,787,582

3,403,099,833,328

Total Shareholders Equity

13,721,050,379,137

14,618,543,874,626

TOTAL LIABILITIES AND SHAREHOLDERS EQUITY



INDUK PERUSAHAAN SAJA Laporan Laba (Rugi) dan Penghasilan Komprehensif Lain Untuk Periode 3 (Tiga) Bulan Yang Berakhir Pada Tanggal-tanggal 31 Maret 2016 Dan 2015 (Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain)

URAIAN

Pendapatan Usaha Beban Pokok Penjualan

PARENT COMPANY ONLY Statement of Income and Other Comprehensive Income For The Period 3 ( Three ) Month Ended March 31, 2016 And 2015 (Expressed in full IDR, unless otherwise stated)


DESCRIPTIONS


2,039,110,235,559 (1,852,876,773,240)

1,466,254,928,701 (1,329,809,422,752)

Operating Revenues Cost of Goods Sold

186,233,462,319

136,445,505,949

Gross Profit

57,980,335,898 19,324,358,743 365,259,165 1,091,507,453

55,331,089,051 15,704,331,864 381,915,534 802,797,356

Operating Expenses Employees General Depreciation Marketing

78,761,461,259

72,220,133,805

Laba Usaha

107,472,001,060

64,225,372,144

Pendapatan (Beban) Lain-lain: Pendapatan Lainnya Beban Lainnya Beban Penurunan Nilai Piutang Beban Pendanaan / Bunga Bagian Laba Ventura Bersama Bagian Laba Entitas Asosiasi

4,879,157,415 (8,616,539,537) (3,432,498,889) (18,258,436,350) 8,559,829,573 -

3,781,602,917 (11,600,135,500) (4,569,807,258) (7,611,377,519) 3,006,485,997 -

Laba Sebelum Pajak Penghasilan

90,603,513,272

47,232,140,781

Profit Before Income Tax

Taksiran Pajak Penghasilan Pajak Final

(60,293,502,812)

(43,600,984,463)

Estimation Income Tax Final Income Tax

Laba Tahun Berjalan dari Operasi Yang Dilanjutkan

30,310,010,460

3,631,156,318

Laba Kotor Beban Usaha Pegawai Umum Penyusutan Pemasaran Jumlah Beban Usaha

Pajak Penghasilan Terkait Dengan Pos Yang Tidak Direklasifikasi

Pos Yang Akan Direklasifikasi ke Laba (Rugi) Jumlah Penghasilan Komprehensif Lain Tahun Berjalan Jumlah Laba (Rugi) dan Penghasilan Komprehensif Lain Tahun Berjalan Laba per Saham Dasar (dalam rupiah) :

Operating Income Others Income (Expenses) Other Income Other Expenses Impairment Funding / Interest Expenses Profit From Joint Venture Income From Associated Company

Current Profit of Continued Operations

Penghasilan Komprehensif Lain Pos Yang Tidak Akan Direklasifikasi ke Laba (Rugi) Keuntungan Revaluasi Aset Tetap Pengukuran Kembali Program Pensiun Imbalan Pasti


Other Comprehensive Income Post That Will Not Be Reclassified to Income (Loss ) -

-

8,887,419,297

-

(43,475,503) 8,843,943,794

-

-

Gain of Fixed Asset Revaluation Remeasurement Employee Benefit Pension Program Income Tax Not Related To The Reclassified Post

Post That Will Be Reclassified to Income (Loss )

8,843,943,794

--

Total Current Comprehensive Income

39,153,954,254

3,631,156,318

Total Income (Loss ) and Other Current Comprehensive Income

6

1

Earning Per Share Authorized Capital (IDR)



INDUK PERUSAHAAN SAJA LAPORAN PERUBAHAN EKUITAS UNTUK PERIODE 3 (TIGA) BULAN YANG BERAKHIR PADA TANGGAL-TANGGAL 31 MARET 2016 DAN 2015 (Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain)

Modal Saham /

PARENT COMPANY ONLY STATEMENT OF CHANGES IN SHAREHOLDER'S EQUITY FOR THE PERIOD 3 ( THREE ) MONTH ENDED MARCH 31, 2016 AND 2015 (Expressed in full IDR, unless otherwise stated)

Tambahan Modal Disetor /

Uraian

Saldo 1 Januari 2015

Share Capital

Addition Paid in Capital

484,243,650,000

462,018,090,364

Pengukuran Kembali Progrm Pensiun Imbalan Pasti /

Keuntungan Revaluasi Aset Tetap /

Remeasurement Employee Benefit Pension Program

Gain of Fixed Asset Revaluation

(29,322,995,961)

Laba Ditahan / Retained Earnings

-

Ditentukan Penggunaanya / Appropriated Cadangan untuk Cadangan Pengembangan Bertujuan / Perseroan / Appropriated Company Development Reserve 797,418,568,770

70,027,098,396

Laba Bersih Komprehensif Periode Jan - Mar 2015 Saldo 31 Maret 2015

484,243,650,000

462,018,090,364

(29,322,995,961)

-

797,418,568,770

70,027,098,396

Dividen Cadangan Program Kemitraan dan Bina Lingkungan Selisih Nilai Transaksi Restrukturisasi Entitas Sepengendali Laba Bersih Komprehensif Periode Jan - Des 2015 Saldo 31 Desember 2015

275,808,823,667.00

468,018,090,364

484,243,650,000

468,018,090,364

Descriptions

2,151,644,262,250

Balance as of 1 January 2015

3,631,156,318

3,631,156,318

Comprehensive Income for Period Jan - Mar 2015

370,891,006,999

2,155,275,418,568

Balance as of 31 March 2015

(73,160,821,611)

(73,160,821,611)

Dividend

(294,099,029,070)

-

Reserve Partnership & Environment Development Program Difference in value of restructuring transaction among entities under common control

(3,722,423,550)

6,000,000,000.00

484,243,650,000

Total Ekuitas/ Total Equity

367,259,850,681

(3,722,423,550.00)

Laba Bersih Komprehensif Periode Jan - Mar 2016 Saldo 31 Maret 2016

18,290,205,403

Belum Ditentukan Penggunaannya / Unappropriated

6,000,000,000 (1,380,026,803.00)

817,759,484,487

(30,703,022,764)

817,759,484,487

8,887,419,297

(43,475,503)

(21,815,603,467)

817,716,008,984

502,328,202,237 1,069,504,968,887

1,069,504,968,887

88,317,303,799

88,317,303,799

Comprehensive Income for Period Jan - Dec 2015

505,959,358,555

1,318,707,659,921 3,403,099,833,328-

Balance as of 31 December 2015

30,310,010,460

39,153,954,254

Comprehensive Income for Period Jan - Mar 2016

536,269,369,015

3,442,253,787,582

Balance as of 31 March 2016



INDUK PERUSAHAAN SAJA LAPORAN ARUS KAS UNTUK PERIODE 3 (TIGA) BULAN YANG BERAKHIR PADA TANGGAL-TANGGAL 31 MARET 2016 DAN 2015 (Dinyatakan dalam Rupiah penuh, kecuali dinyatakan lain)

URAIAN ARUS KAS DARI AKTIVITAS OPERASI Penerimaan Kas dari Pelanggan Pembayaran Kas Kepada : Pemasok dan Subkontraktor Direksi Karyawan dan Pihak Ketiga Lainnya Kas yang dihasilkan dari (digunakan untuk) Operasi Pembayaran Pajak-pajak Penerimaan Pajak (Restitusi) Pembayaran Bunga Kas Bersih diperoleh dari (digunakan untuk) Aktivitas Operasi ARUS KAS DARI AKTIVITAS INVESTASI Penerimaan Investasi Jangka Pendek (Pembayaran) Investasi Jangka Pendek Penerimaan Bunga (Penambahan) Investasi Pada Entitas Asosiasi Penambahan Aset: Properti Investasi Aset Tetap Kas Bersih diperoleh dari (digunakan untuk) Aktivitas Investasi ARUS KAS DARI AKTIVITAS PENDANAAN Pembayaran Dividen, Program Kemitraan dan Bina Lingkungan Penerimaan Obligasi Pembayaran Biaya Emisi Saham dan Obligasi Penerimaan Utang Bank Pembayaran Utang Bank Penerimaan Utang Non Bank Pembayaran Utang Non Bank Kas Bersih diperoleh dari (digunakan untuk) Aktivitas Pendanaan

PARENT COMPANY ONLY STATEMENT OF CASH FLOWS FOR THE PERIOD 3 ( THREE ) MONTH ENDED MARCH 31, 2016 AND 2015 (Expressed in full IDR, unless otherwise stated)



1,956,935,100,319

1,815,125,069,390

(2,834,746,796,817) (1,914,000,000) (41,252,478,110) (920,978,174,607)

(2,542,691,312,082) (1,518,000,000) (49,486,186,002) (778,570,428,694)

(115,881,210,767) 103,177,796,162 (25,831,135,391)

(132,805,947,858) (17,504,655,087)

(959,512,724,603)

(928,881,031,639)

(2,419,657,833) 9,861,392,329 (14,385,000,000)

(2,623,478,832) 3,684,984,917 -

(4,387,968,557)

(1,207,255,219) 1,912,301,355

(11,331,234,061)

1,766,552,221

DESCRIPTIONS

CASH FLOWS FROM OPERATING ACTIVITIES Cash Receipts from Customers Payments to : Supplier and Subcontractors Directors Employees and Third Party Cash provided by (used in) Operating Activities Taxes Payment Taxes Received (Restitution) Payments of Interest Expense Net Cash provided by (used in) Operating Activities

CASH FLOWS FROM INVESTING ACTIVITIES Addition in Short - Term Investments (Payment) of Short - Term Investments Receipts of Clearing Account Interest Addition of Investment in Associated Company Addition in Assets Investment Property Fixed Assets Net Cash provided by (used in) Investing Activities

CASH FLOWS FROM FINANCING ACTIVITIES Payment of Dividend, Partnership & Environment Development Program Bond Receipt Payment of Issuance of Shares and Bonds Receipt of Bank Loans Payment of Bank Loans Receipt of Non Bank Loans Payment of Non Bank Loans Net Cash provided by (used in) Financing Activities

1,355,505,290,212 (2,183,477,750,354) 665,700,000,000 (365,700,000,000)

300,000,000,000 (240,000,000) 1,227,217,654,390 (1,967,924,565,551) 175,000,000,000 (51,000,000,000)

(527,972,460,142)

(316,946,911,161)

(1,498,816,418,806)

(1,244,061,390,579)

(5,412,219,904)

1,426,783,014

EFFECT OF CHANGES IN FOREIGN CURRENCIES

SALDO KAS DAN SETARA KAS PADA AWAL TAHUN

2,524,313,394,050

1,993,501,995,752

CASH AND CASH EQUIVALENTS - BEGINNING

SALDO KAS DAN SETARA KAS - AKHIR

1,020,084,755,340

750,867,388,187

CASH AND CASH EQUIVALENTS - ENDING

KENAIKAN (PENURUNAN) BERSIH KAS DAN SETARA KAS LABA (RUGI) SELISIH KURS

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

PT PEMBANGUNAN PERUMAHAN (PERSERO) TBK LAPORAN KEUANGAN INTERIM KONSOLIDASIAN

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