Pt Indonesia 2015

31 Desember 2015 dan 2014/31 December 2015 and 2014

PT Indonesia Tbk dan entitas anak/PT Indonesia Tbk and subsidiaries

Laporan keuangan konsolidasian ilustratif/Illustrative consolidated financial statements

www.pwc.com/id

PwC Indonesia | i

Illustrative consolidated financial statements 2015This publication provides an illustrative set of consolidated financial statements, prepared in accordancewith Indonesian Financial Accounting Standards (IFAS) and best practices in the market, for a listedcompany. SFAS 1, Presentation of Financial Statements, prescribes the basis for presentation of generalpurpose financial statements to ensure comparability both with the financial statements of previousperiods and the financial statements of other entities. The standards also set the requirements for thepresentation of financial statements, financial reporting structure and the minimum content for thefinancial statements. The financial report of PT Indonesia Tbk and subsidiaries contains a complete set offinancial statements. These consolidated financial statements include the disclosures required by the IFASapplicable in 2015. The example disclosures in these illustrative consolidated financial statements shouldnot be considered to be the only acceptable form of presentation. The form and content of the reportingentitys financial statements are the responsibility of the entitys management. Other forms of presentationwhich are equally acceptable may be preferred and adopted, provided they include the specific disclosuresprescribed by the IFAS and the Indonesian Financial Services Authority (OJK).

This illustration is not a substitute for reading the accounting standards and interpretations themselves orfor professional judgement as to the fairness of presentation. They do not cover all possible disclosures thatIFAS require. Further specific information may be required in order to ensure fair presentation under theIFAS.

This illustration does not attempt to cover the disclosure requirements of specialised entities such asfinance companies, banks, other financial institutions or government entities nor does it cover the specificreporting obligations of entities other than corporations.

All names used in this publication, including the names of persons and the names of companies, arefictitious and used merely for illustrative purposes.

While every effort has been made to ensure accuracy, this publication is not comprehensive andinformation may have been omitted which may be relevant to a particular user. As it is only an illustrativeconsolidated financial statements, this publication does not illustrate every possible case but only the mostcommon cases that may arise.

No responsibility for loss to any person acting or refraining from acting as a result of any material in thispublication can be accepted by KAP Tanudiredja, Wibisana, Rintis & Rekan (PwC or we). Recipients shouldnot act on the basis of this publication without seeking professional advice.

No part of this publication may be reproduced by any method without the prior consent of KAPTanudiredja, Wibisana, Rintis & Rekan.

PwC Indonesia | ii

Structure of Publication

Page

Board of Directors statement 1

Consolidated statements of financial position 2

Consolidated statements of profit or loss and other comprehensive income 7

Consolidated statements of changes in equity 10

Consolidated statements of cash flows 13

Notes to the consolidated financial statements 17

Format of PT Indonesia Tbk and Subsidiaries - Illustrative consolidated financial statements

The references in the left margin of the consolidated financial statements represent the paragraph of the Statement ofFinancial Accounting Standards (SFAS), Intepretation of Statement of Financial Accounting Standards (ISFAS) andOJK VIII.G.7 (OJK Regulation) in which the disclosure appears.

24p39 = SFAS [number], paragraph, [number]

50PA31 = SFAS [number] Application Guidance paragraph, [number]

TB4p5 = Technical bulletin [number], paragraph, [number]

I25p2 = ISFAS [number], paragraph, [number]

OR-8 = OJK Regulation [page number]

DV= Disclose Voluntary. Disclosure is encouraged but not required and, therefore, represents best practice

PwC Indonesia | 1

PT INDONESIA Tbk DAN ENTITAS ANAK

SURAT PERNYATAAN DIREKSI TENTANG TANGGUNG JAWAB ATASLAPORANKEUANGAN KONSOLIDASIAN PADA TANGGAL 31

DESEMBER 2015 DAN 2014 SERTA UNTUK TAHUN YANG BERAKHIR31 DESEMBER 2015 DAN 2014

PT INDONESIA Tbk AND SUBSIDIARIES

BOARD OF DIRECTORS STATEMENT REGARDING THERESPONSIBILITY FOR THE CONSOLIDATED FINANCIAL

STATEMENTS AS AT 31 DECEMBER 2015 AND 2014 AND FOR THEYEARS ENDED 31 DECEMBER 2015

AND 2014

Kami, yangbertanda tangan di bawahini: We, the undersigned:

1. Nama : AdhiAlamat kantor : Menara 87, Lt. 30

Jl. Benyamin Suaib Kav X-1 No.1Jakarta

Alamat rumah : Apartemen Setia Budi Sky GardenTower 2 Lt. 35Jakarta Selatan

Telepon : 021 - 7891012Jabatan : Presiden Direktur

1. Name : AdhiOffice address : Menara 87, Lt. 30

Jl. Benyamin Suaib Kav X-1No.1, Jakarta

Residential address : Apartemen Setia Budi SkyGardenTower 2 Lt. 35Jakarta Selatan

Telephone : 021 - 7891012Title : President Director

2. Nama : BudiAlamat kantor : Menara 87, Lt. 30

Jl. Benyamin Suaib Kav X-1 No.1Jakarta

Alamat rumah : Apartemen Setia Budi Sky GardenTower 1 Lt. 37Jakarta Selatan

Telepon : 021 - 7891012Jabatan : Direktur

2. Name : BudiOffice address : Menara 87, Lt. 30

Jl. Benyamin Suaib Kav X-1No.1, Jakarta

Residential address : Apartemen Setia Budi SkyGardenTower 1 Lt. 37Jakarta Selatan

Telephone : 021 - 7891012Title : Director

menyatakan bahwa: declare that:

1. bertanggung jawab atas penyusunan dan penyajian laporan keuangankonsolidasian PT Indonesia Tbk dan entitas anak;

1. we are responsible for the preparation and presentation of theconsolidated financial statements of PT Indonesia Tbk andsubsidiaries;

2. laporan keuangan konsolidasian PT Indonesia Tbk dan entitas anaktelah disusun dan disajikan sesuai dengan Standar AkuntansiKeuangan di Indonesia;

2. the consolidated financial statements of PT Indonesia Tbk andsubsidiaries have been prepared and presented in accordance withIndonesian Financial Accounting Standards;

3. a. semua informasi dalam laporan keuangan konsolidasian PTIndonesia Tbk dan entitas anak telah dimuat secara lengkap danbenar;

b. laporan keuangan konsolidasian PT Indonesia Tbk dan entitasanak tidak mengandung informasi atau fakta material yang tidakbenar, dan tidak menghilangkan informasi atau fakta material;

3. a. all information in the consolidated financial statements of PTIndonesia Tbk and subsidiaries have been disclosed in acomplete and truthful manner;

b. the consolidated financial statements of PT Indonesia Tbk andsubsidiaries do not contain any incorrect information ormaterial fact, nor do they omit information or material fact;

4. bertanggung jawab atas sistem pengendalian internal dalam PTIndonesia Tbk.

4. we are responsible for PT Indonesia Tbks internal control system.

Demikian pernyataan ini dibuat dengan sebenarnya. Thus this statement is made truthfully.

Atas nama dan mewakili Dewan Direksi/For and on behalf of the Board of Directors:

AdhiPresiden Direktur/President Director

BudiDirektur/Director

Jakarta, 28 Januari/January 2016

PT INDONESIA TbkDAN ENTITAS ANAK/AND SUBSIDIARIES

OR-3 Catatan atas laporan keuangan konsolidasianmerupakan bagian yang tidak terpisahkan dari laporan

keuangan konsolidasian.

The accompanying notes form an integral partof these consolidated financial statements.

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OR-3 LAPORAN POSISI KEUANGANKONSOLIDASIAN131 DESEMBER 2015 DAN 2014(Dinyatakan dalam jutaan Rupiah)

CONSOLIDATED STATEMENTS OFFINANCIAL POSITION1

31 DECEMBER 2015 AND 2014(Expressed in millions of Rupiah)

31 Desember/ 31 Desember/ 1 Januari/Catatan/ December December January

Notes 2015 2014* 2014*1p52

Aset Assets OR-18

1p60 Aset lancar2 Current assets2 OR-181p54(i) Kas dan setara kas 7 17,928 34,062 22,132 Cash and cash equivalents1p54(h) Piutang usaha Trade receivables

- Pihak ketiga 8 19,315 18,208 16,599 Third parties -- Pihak berelasi 8,36 104 86 110 Related parties -

1p54(d) Aset keuangan diukurpada nilai wajar melalui Financial assets at fair valuelaporan laba rugi 9 11,820 7,972 9,914 through profit or loss

1p54(d) Instrumen keuangan Derivativederivatif 10 1,069 951 980 financial instruments

1p54(d) Aset keuangan Availableforsaletersedia untuk dijual 11 1,950 - - financial assets

1p54(g) Persediaan 12 24,700 18,182 17,156 InventoriesBiaya dibayar di muka 1,250 1,106 1,005 Prepayments

1p54(n) Pajak dibayar di muka Prepaid taxes- Pajak penghasilan 13a - - - Corporate income taxes -- Pajak lain-lain 13a 218 137 210 Other taxes -

Aset lancar lain-lain 1,946 613 1,534 Other current assets

80,300 81,317 69,6301p54(j) Aset atas kelompok lepasan yang Assets of disposal group

dimiliki untuk dijual 14 3,333 - - classified as held for sale

83,633 81,317 69,6301p60 Aset tidak lancar2 Non-current assets2 OR-181p54(h) Piutang non-usaha Non-trade receivables

- Pihak yang berelasi 8,36 2,342 848 1,106 Related parties -1p54(d) Instrumen keuangan Derivative

derivatif 10 395 245 187 financial instruments1p54(d) Aset keuangan Available-for-sale

tersedia untuk dijual 11 17,420 14,910 13,760 financial assets1p54(e) Investasi pada entitas asosiasi 15 13,373 13,244 6,514 Investments in associates1p54(e) Ventura bersama 16 5,276 3,809 5,822 Investment in joint venture1p54(o) Aset pajak tangguhan3 13d - - - Deferred tax assets31p54(a) Aset tetap 18 164,097 101,610 98,677Property, plant and equipment1p54(c) Aset takberwujud 19 26,598 21,597 21,462 Intangible assets

Aset tidak lancar lainnya 1,904 2,447 2,114 Other non-current assets OR-20

231,405 158,710 149,642

Jumlah aset 315,038 240,027 219,272 Total assets

*Disajikan kembali (lihat catatan 42) As restated (refer to note 42)*





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Notes 2015 2014* 2014*

Liabilitas Liabilities OR-18

1p60 Liabilitas jangka pendek2 Current liabilities2 OR-181p54(k) Utangusaha Trade payables

- Pihak ketiga 20 6,333 3,031 6,353 Third parties -- Pihak berelasi 20,36 3,202 1,195 980 Related parties -

Akrual dan utang lain-lain 20 2,985 1,788 1,590 Accruals and other payablesDerivative financial

1p54(m) Instrumen keuangan derivatif 10 460 618 520 instruments1p54(m) Pinjaman - Borrowings

- Cerukan 21 2,650 6,464 2,360 Bank overdraft -- Pinjaman bank 21 10,184 11,062 4,954 Bank borrowings -- Liabilitas sewa

pembiayaan 21 2,192 2,588 2,098 Finance lease liabilities -1p54(l) Provisi untuk liabilitas dan Provision for other liabilities

beban lain-lain 22 2,726 1,395 1,871 and charges1p78(d) Liabilitas imbalan kerja jangka Short-term employee

pendek 23 500 1,000 800 benefit liabilities1p54(n) Utang pajak 13b Taxes payable

- Pajak penghasilan 4,345 5,738 7,219 Corporate income taxes -- Pajak lain-lain 1,502 960 1,345 Other taxes -

37,079 35,839 30,0901p54(p) Liabilitas atas kelompok lepasan Liabilities of disposal group

dimiliki untuk dijual 14 220 - - classified as held for sale

37,299 35,839 30,090

1p60 Liabilitas jangka panjang2 Non-current liabilities2 OR-19Derivative financial

1p54(m) Instrumen keuangan derivatif 10 135 129 130 instruments1p54(m) Pinjaman Borrowings

- Pinjaman bank 21 36,770 40,244 34,932 Bank borrowings -- Liabilitas sewa

pembiayaan 21 6,806 8,010 7,890 Finance lease liabilities -- Obligasi konversi 21 44,580 - - Convertible bonds -

Post-employment benefit1p78(d) Kewajiban imbalan pascakerja 23 4,802 2,406 1,385 obligations1p54(o) Liabilitas pajak tangguhan 13d 5,958 4,650 3,412 Deferred tax liabilities1p54(l) Provisi untuk liabilitas dan Provision for other liabilities

beban lain-lain 22 316 274 487 and charges99,367 55,713 48,236

Jumlah liabilitas 136,666 91,552 78,326 Total liabilities






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Notes 2015 2014* 2014*

Ekuitas Equity OR-20

1p54(r) Ekuitas yang Equity attributable OR-20diatribusikan kepada to owners of thepemilik entitas induk parentModal saham 2.175.000

lembar sahambiasa, modal dasar, Share capital authorised,ditempatkan dan disetor issued and fully paid -penuh dengan nilai 2,175,000 shares withnominal Rp10.000 per par value of Rp 10,000lembar saham 24 21,750 21,000 20,000 per share

Tambahan modal disetor 24 16,752 16,552 16,482 Additional paid-in capital50p34 Saham treasuri 24 (2,564) - - Treasury shares

Komponen ekuitas pada Equity component ofobligasi konversi 21 7,761 - - convertible bond

Transaksi dengan Transactions withKepentingan 6 non-controllingNonpengendali3 (700) - - interest3

Cadangan pembayaran Share-based paymentberbasis saham 25 2,292 1,572 730 reserve

Cadangan revaluasi aset 3,947 2,042 1,152 Asset revaluation reserveCadangan perubahan nilai Reserve for changes of

wajar aset keuangan fair value of available-tersedia untuk dijual 1,707 2,279 1,320 for-sale financial assets

Cadangan lindung nilaiarus kas 126 62 65 Cash flow hedging reserve

Saldo laba: Retained earnings:- Dicadangkan 8,500 6,300 6,085 Appropriated -- Belum dicadangkan 26 106,464 94,720 93,612 Unappropriated

166,035 144,527 139,4461p54(q) Kepentingan

nonpengendali 12,337 3,948 1,500 Non-controlling interest OR-20

Jumlah ekuitas 178,372 148,475 140,946 Total equity

Jumlah liabilitas dan Total liabilities andekuitas 315,038 240,027 219,272 equity


Guidance Notes Statement of Financial Position

1. Additional statement of financial position

When an entity applies an accounting policy retrospectively or makes a retrospective restatement or reclassification,SFAS 1 and OJK regulation requires the presentation of an additional statement of financial position as at the beginningof the earliest comparative period.





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Guidance Notes Statement of Financial Position (continued)

2. Presentation of account in the statement of financial position

Under SFAS 1, reporting entities may choose to present its statement of financial position based on either current or noncurrent distinction, or order of liquidity whichever gives the most reliable and relevant presentation.

OR-17 However, for public entities, the preference of OJK is to present the accounts based on their current or non-currentdistinction in the statement of financial positions. For certain industries, OJK accepts presentation of accounts by orderof liquidity. However, OJK does not elaborate which industries it is referring to. Presentation of accounts by order ofliquidity has been a generally accepted practice for financial services industries. Therefore, it will be beneficial forreporting entities to obtain confirmation from OJK if they intend to present their accounts by order of liquidity prior topublishing the financial statements.

3. Zero balance are presented for illustrative purpose





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OR-3 LAPORAN LABA RUGI DAN PENGHASILANKOMPREHENSIF LAIN KONSOLIDASIAN1UNTUK TAHUN YANG BERAKHIR31 DESEMBER 2015 DAN 2014(Dinyatakan dalam jutaan Rupiah, kecuali lababersih per saham)

CONSOLIDATED STATEMENTS OF PROFIT OR LOSS ANDOTHER COMPREHENSIVE INCOME1

FOR THE YEARS ENDED31 DECEMBER 2015 AND 2014

(Expressed in millions of Rupiah,except earnings per share)

Catatan/2015 Notes 2014*

Operasi yang dilanjutkan2 Continuing operations2 OR-351p82(a) Pendapatan 211,034 30 112,360 Revenue1p99,103 Beban pokok pendapatan (77,366) 31 (46,682) Cost of revenue

Laba bruto 133,668 65,678 Gross profit1p99,103 Beban distribusi (55,782) 31 (21,397) Distribution costs1p99,103 Beban administrasi (33,786) 31 (11,304) Administrative expenses1p99,103 Penghasilan lain-lain 2,750 33 1,259 Other income1p85 (Kerugian)/keuntungan lain-lain neto (90) 34 63 Other (losses)/gains net1p85 Penghasilan keuangan 1,730 32 1,609 Finance income1p82(b) Biaya keuangan (10,245) 32 (7,230) Finance costs1p82(c) Bagian atas (rugi)/laba bersih Share of net (loss)/profit

entitas asosiasi dan ventura bersama3 1,682 15,16 1,022 of associates and Joint Venture3

1p85 Laba sebelum pajak penghasilan 39,927 29,700 Profit before income tax1p82(d) Beban pajak penghasilan (11,103) 13c (9,171) Income tax expense1p85 Laba tahun berjalan dari Profit for the year from

operasi yang dilanjutkan 28,824 20,529 continuing operations1p82(ea) Operasi yang dihentikan2 Discontinued operations2

Laba tahun berjalan dari Profit for the year fromoperasi yang dihentikan 125 14 150 discontinued operations

1p85 Laba tahun berjalan 28,949 20,679 Profit for the yearLaba rugi komprehensif lain3 Other comprehensive income3

1p82A(a) Pos yang tidak akan direklasifikasi Items that will not beke laba rugi reclassified to profit or loss

16p39 Keuntungan revaluasi tanah dan Gains on revaluation of landbangunan 2,006 1,003 and buildings

24p122 Pengukuran kembali imbalan Remeasurements of postpasca kerja 219 23 (830) employment benefit

Beban pajak terkait (155) 13c 95 Related income tax

2,070 2681p82A(b) Pos yang akan direklasifikasi Items that will be reclassified

ke laba rugi to profit or loss60p20(a)(ii) Aset keuangan tersedia untuk dijual (574) 977 Available-for-sale financial assets

Perubahan nilai wajar pada Changes in value of Cash flowhedges60p23(c) lindungnilai arus kas 85 (4)22p59 Dampak penilaian kembali kepentingan Reclassification of revaluation

yang dimiliki sebelumnya - - of previously held interest1p82(c) Bagian pendapatan komprehensif

lain dari entitas asosiasi, Share of other comprehensivesetelah pajak3 (12) (14) income of associates, net of tax3

Beban pajak terkait (7) 13c (3) Related income tax

(508) 956Laba komprehensif lain Other comprehensive incometahun berjalan, setelah pajak 1,562 1,224 for the year, net of tax

Jumlah laba komprehensif Total comprehensive incomelain tahun berjalan 30,511 21,903 for the year

Laba yang diatribusikan kepada: Profit attributable to:1p81B(a)(ii) Pemilik entitas induk 23,882 17,681 Owners of the parent1p81B(a)(i) Kepentingan nonpengendali 5,067 2,998 Non-controlling interest

28,949 20,679

Jumlah laba rugi komprehensif Total comprehensive incomeyang diatribusikan kepada: attributable to:

1p81B(b)(ii) Pemilik entitas induk 25,444 18,905 Owners of the parent1p81B(b)(i) Kepentingan nonpengendali 5,067 2,998 Non-controlling interest

30,511 21,903






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OR-3 LAPORAN LABA RUGI DAN PENGHASILANKOMPREHENSIF LAIN KONSOLIDASIAN1UNTUK TAHUN YANG BERAKHIR31 DESEMBER 2015 DAN 2014(Dinyatakan dalam jutaan Rupiah, kecuali lababersih per saham)

CONSOLIDATED STATEMENTS OF PROFIT OR LOSS ANDOTHER COMPREHENSIVE INCOME1


(Expressed in millions of Rupiah,except earnings per share)


Jumlah laba rugi komprehensif Total comprehensive incomeyang diatribusikan kepada attributable to equitypemegang saham berasal dari: shareholders arises from:

Operasi yang dilanjutkan 25,046 18,751 Continuing operations58p33A Operasi yang dihentikan 125 150 Discontinued operations

25,171 18,901

56p66 Laba bersih per saham: 28 Earnings per share:Dasar Basic

- Dari operasi yang dilanjutkan 0.01 0.01 From continuing operations -- Dari operasi yang dihentikan 0.00 0.00 From discontinued operations - OR-88

0.01 0.01

Dilusian Diluted- Dari operasi yang dilanjutkan 0.01 0.01 From continuing operations -- Dari operasi yang dihentikan 0.00 0.00 From discontinued operations - OR-88

0.01 0.01


Guidance Notes Statement of Comprehensive Income

1. Alternative format

a. Analysis of expenses

SFAS 1 states that an entity may choose to present an analysis of expenses using a classification based on eitherthe function or the nature the expenses, whichever provides the most reliable and relevant information. If theexpenses are presented by function, additional disclosure of the nature of expenses is required.

OR-36 However, for public entities the preference of OJK is to present the analysis of expenses by function on thestatement of comprehensive income. Nevertheless, OJK permits entities to adjust the format in order to make itmore relevant to industry characteristics. However, OJK does not specifically prescribe which industry ispermitted to classify by nature. We recommend that reporting entities obtain confirmation from OJK beforeusing nature as basis of expense classification.

b. One or two statement approach

OR-35 Under SFAS 1, an entity has the choice to present the profit and loss and items of other comprehensive incomeusing a one statement or a two statement approach. Under OJK Regulation, entities are required to present theseitems in one statement of comprehensive income.

2. Continuing/Discontinued operations

A discontinued operation must represent a separate major line of business or geographical area of operations or a partof a single co-ordinated plan to dispose of a separate major line of business or geographical area of operation, theheading Continuing operations is not required. Profit for the year from continuing operations and Profit for theyear should also be changed to Net profit.

3. Tax effects Other comprehensive income

OR-37 As required by OJK, this publication illustrates the presentation of these items individually gross of tax and the totaltax effects is presented as a separate line item, except for share of other comprehensive income of associates which ispresented in net of tax basis. Alternatively, SFAS 1 permits reporting entity to present these items individually net oftax.





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Guidance Notes Statement of Comprehensive Income (continued)

4. Operating profit

Entities may elect to include a sub-total for its result from operating activities. While this is permitted, care must betaken that the amount disclosed is representative of activities that would normally be considered to be operating.Items that are clearly of an operating nature, for example inventory write-downs, restructuring or relocation expenses,must not be excluded simply because they occur infrequently or are unusual in amount. Similarly, expenses cannot beexcluded on the grounds that they do not involve cash flows (eg depreciation or amortization). As a general rule,operating profit is usually the subtotal after other expense, i.e. excluding finance costs and the share of profits ofequity-accounted investments. Although in some circumstances, it may be appropriate for the share of profit ofequity-accounted investments to be included in operating profit

5. Additional disclosures

OR-6 Additional line items, headings and subtotals shall be presented in the statement of comprehensive income and aseparate income statement (if presented) only when such presentation is necessary for an understanding of theentitys financial performance, the presentation is free of bias and undue prominence, the presentation is appliedconsistently and the methods are described in detail in the accounting policies.

6. Presentation of gain or loss from extinguishing financial liabilities with equity instruments

I26p9 ISAK 28 required disclosing gain or loss in recognised in accordance with ISAK 28 par 9 and 10 as a separate line itemin profit or loss or in the notes to financial statements.


OR-3 Catatan atas laporan keuangan konsolidasianmerupakan bagian yang tidak terpisahkan

dari laporan keuangan konsolidasian.


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OR-3 LAPORAN PERUBAHAN EKUITAS KONSOLIDASIANUNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2015 DAN 2014(Dinyatakan dalam jutaan Rupiah)

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITYFOR THE YEARS ENDED 31 DECEMBER 2015 AND 2014

(Expressed in millions of Rupiah)

OR-38 Diatribusikankepadapemilikentitasinduk/Attributabletoownersoftheparent

1p106OR-38

Modalsaham/Sharecapital

Tambahanmodaldisetor/

Additionalpaidincapital

Sahamtreasuri/Treasuryshares

Komponenekuitaspadaobligasikonversi/Equitycomponentof

convertiblebond

Transaksidengankepentingannon

pengendali/Transactionswith

non-controllinginterest

Cadanganpembayaranberbasissaham/

Share-basedpaymentreserve

Cadanganrevaluasiaset/Assetrevaluationreserve

Cadanganperubahannilaiwajarasetkeuangan

tersediauntukdijual/Reserveforchangesin

fairvalueofavailable-for-salefinancialassets

Cadanganlindungnilaiaruskas/

Cashflowhedgingreserve

Saldolaba/Retainedearnings

Jumlah/Total

Catatan/Notes

Dicadangkan/Appropriated

Belumdicadangkan/Unappropriated

Jumlah/Total

Kepentingannonpengendali/

Non-controllinginterest

Saldo1Januari2014 (sebelumdisajikankembali 20,000 16,482 - - - 730 1152 1320 65 6085 93,842 139,676 1,263 140,939

Balanceasat1January2014(aspreviouslyreported)

Efekperubahankebijakan akuntansi 42 (230) (230) 237 7 Efffectofchangesinaccountingpolicies

OR-38Saldo1Januari2014(disajikan

kembali) 20,000 16,482 730 1,152 1,320 65 6,085 93,612 139,446 1,500 140,946Balanceasat

1January2014(restated)

1p106(d)(i) Labatahunberjalan 17,681 17,681 2,998 20,679 Profitfortheyear

Pendapatankomprehensiflainnya: Othercomprehensiveincome:

16p39 Revaluasitanah 18 1,003 1,003 1,003 Revaluationonland60p20(a)(ii) Asetkeuangantersediauntuk

Dijual 11 977 977 977Available-for-salefinancial

Assets67pPP16 Bagianpendapatan

komprehensif laindarientitasasosiasi 15 (14) (14) (14)

Shareofother comprehensiveincomeofassociates

1p106(d)(ii)60p23

Keuntunganpenyesuaiannilaiwajarlindungnilaiaruskas (4) (4) (4)

Gainsonfairvalueadjustment

cashflowhedgePenilaiankembaliimbalankerja (830) (830) - (830) RemeasurementofemployeebenefitEfekpajakterkait (113) (4) 1 208 92 92 RelatedtaxeffectTotallabakomprehensif

selamatahunberjalan 890 959 (3) - 17,059 18,905 2,998 21,903Totalcomprehensive

incomeduringtheyear

Transaksidenganpemilikdalamkapasitasnyasebagaipemilik:

Transactionwithownersintheircapacityasowners:

Sahamtreasuri - - - Treasuryshares1p106(d)(iii) Dividen 27 (15,736) (15,736) (550) (16,286) Dividend

Opsisaham: Shareoptions:1p106(d)(iii) Nilaijasapekerja 25 842 842 842 Valueofemployeeservices1p106(d)(iii) Penerimaandaripenerbitan

Saham 24 1,000 70 1,070 1,070Proceedsfromshares

IssuedPenambahancadanganmodal 26 - - - - - - - - - 215 (215) - - - Additionalcapitalreserve

1,000 70 - 842 215 (15,951) (13,824) (550) (14,374)

1p106(d)Saldo31Desember2014 21,000 16,552 - 1,572 2,042 2,279 62 6,300 94,720 144,527 3,948 148,475

Balanceasat31December2014





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OR-3 LAPORAN PERUBAHAN EKUITAS KONSOLIDASIANUNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2015 DAN 2014(Dinyatakan dalam jutaan Rupiah)

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITYFOR THE YEARS 31 DECEMBER 2015 AND 2014


OR-38 Diatribusikankepadapemilikentitasinduk/Attributabletoownersoftheparent

1p106OR-38

Modalsaham/Sharecapital

Tambahanmodaldisetor/

Additionalpaidincapital

Sahamtreasuri/Treasuryshares

Komponenekuitaspadaobligasikonversi/Equitycomponentof

convertiblebond

Transaksidengankepentingannon

pengendali/Transactionswith

non-controllinginterest

Cadanganpembayaranberbasissaham/

Share-basedpaymentreserve

Cadanganrevaluasiaset/Assetrevaluationreserve

Cadanganperubahannilaiwajarasetkeuangan

tersediauntukdijual/Reserveforchangesin

fairvalueofavailable-for-salefinancialassets

Cadanganlindungnilaiaruskas/

Cashflowhedgingreserve

Saldolaba/Retainedearnings

Jumlah/Total

Catatan/Notes

Dicadangkan/Appropriated

Belumdicadangkan/Unappropriated

Jumlah/Total

Kepentingannonpengendali/

Non-controllinginterest

OR-38 Saldo1Januari2015(disajikankembali) 21,000 16,552 - 1,572 2,042 2,279 62 6,300 94,720 144,527 3,948 148,475

Balanceasat1January2015(asrestated)

1p106(d)(i) Labatahunberjalan 23,882 23,882 5,067 28,949 Profitfortheyear

Pendapatankomprehensiflainnya:

Othercomprehensiveincome:

16p39 Revaluasitanah 18 2,006 2,006 2,006 Revaluationonland60p20(a)(ii) Asetkeuangantersediauntuk

dijual 11 (574) (574) (574)Available-for-salefinancial

Assets67pPP16 Bagianpendapatan

komprehensif laindarientitasasosiasi 15 (12) (12) (12)

Shareofother comprehensiveincomeofassociates

1p106(d)(ii)60p23

Keuntunganpenyesuaiannilaiwajarlindungnilaiaruskas 85 85 85

Gainsonfairvalueadjustmentcashflowhedge

Penilaiankembaliimbalankerja 219 219 219 RemeasurementofemployeebenefitEfekpajakterkait (101) 14 (21) (54) (162) (162) TaxeffectrelatedTotallabakomprehensif

selamatahunberjalan - 1,905 (572) 64 24,047 25,444 5,067 30,511Totalcomprehensive

incomeduringtheyear

Transaksidenganpemilikdalamkapasitasnyasebagaipemilik:

Transactionwithownersintheircapacityasowners:

1p106(d)(ii) Obligasikonversikomponenekuitas 21 7,761 7,761 7,761

Convertiblebondequitycomponent

Pembeliansahamtreasuri (2,564) (2,564) - (2,564) Purchaseoftreasuryshares65p22 Kepentingannonpengendaliyang

diperolehdarikombinasibisnis 5 4,542 4,542Noncontrollinginterestarising

onbusinesscombination65p23OR-39

AkuisisikepentingannonpengendalipadaPTGrupSepatu 6 (800) (800) (300) (1,100)

Acquisitionofnon-controllinginterest inPTGrupSepatu

65p23OR-39

PenurunankepemilikanpadaPTSepatuAnak 6 100 100 1,000 1,100

DecreaseinownershipPTSepatuAnak

1p106(d)(iii) Dividen 27 (10,103) (10,103) (1,920) (12,023) DividendOpsisaham: Shareoptions:

1p106(d)(iii) Nilaijasapekerja 25 720 720 720 ValueofemployeeservicesPenambahancadanganmodal 26 2,200 (2,200) Additionalcapitalreserve

1p106(d)(iii) Penerimaandaripenerbitansaham 24 750 200 950 950

ProceedsfromsharesIssued

750 200 (2,564) 7,761 (700) 720 2,200 (12,303) (3,936) 3,322 (614)

1p106(d)Saldo31Desember2015 21,750 16,752 (2,564) 7,761 (700) 2,292 3,947 1,707 126 8,500 106,464 166,035 12,337 178,372

Balanceasat31December2015





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Guidance Notes Statement of Changes in Equity

Presentation of each component of equity in the SoCE

1p106(d) SFAS 1 requires an entity to show, for each component of equity in the SoCE, reconciliation between the carrying amount atthe beginning and end of period. Components of equity include, for example, each class of contributed equity, theaccumulated balance of each class of other comprehensive income and retained profits.





PwC Indonesia | 12

OR-3 LAPORAN ARUS KASKONSOLIDASIANUNTUK TAHUN YANG BERAKHIR31 DESEMBER 2015 DAN 2014(Dinyatakan dalam jutaan Rupiah)

CONSOLIDATED STATEMENTS OFCASH FLOWS



1p111


2p9 Arus kas dari aktivitas Cash flows from operating OR-392p17(a) operasi:1 activities:12p19 Penerimaan dari pelanggan 209,870 110,743 Cash receipts from customers

Pembayaran kepada pemasok (146,774) (62,956) Cash paid to suppliersPembayaran kepada karyawan (40,537) (10,193) Cash paid to employees

Kas yang dihasilkan dari operasi 22,559 5 37,594 Cash generated from operationsBiaya transaksi terkait dengan akuisisi Transaction costs relating to

entitas anak (200) - acquisition of subsidiary2p31 Pembayaran bunga2 (11,753) (10,266) Interest paid2 OR-402p35 Pembayaran pajak penghasilan badan (13,514) (9,322) Corporate income tax paid

Lainnya (26,074) 10,369 Others

Arus kasbersih yang diperoleh Net cash generated fromdari aktivitas operasi (28,982) 28,375 operating activities

2p9 Arus kas dari aktivitas Cash flows from investing OR-39investasi: activities:

2p39 Akuisisi entitas anak, setelah Acquisition of subsidiary,dikurangi kas yang diperoleh (3,750) 5 - net of cash acquired

2p16(a) Purchases of property,plant andPembelian aset tetap3 (9,206) 18 (5,542) equipment3

2p16(b) Proceeds from sale of property,Hasil dari penjualan aset tetap 6,354 18 2,979 plant and equipment

2p16(a) Perolehan aset takberwujud (3,050) 19 (700) Purchases of intangible assets2p16(c) Pembelian aset keuangan Purchases of available-for-sale

tersedia untuk dijual (4,887) 21 (1,150) financial assets2p16(c) Penerimaan dari pelepasan aset Proceeds from disposal of

keuangan tersedia untuk dijual 151 - available-for-sale financial assets2p16(e) Pinjaman kepada entitas berelasi (1,343) 35 (112) Loans provided to related parties

Pembayaran kembali pinjamanoleh entitasberelasi 63 98 Loan repayment from related parties

2p31 Penerimaan penghasilan bunga2 1,703 1,587 Interest received2 OR-402p31 Penerimaan dividen2 1,130 1,120 Dividends received2 OR-40

Arus kasbersih yang digunakan Net cash used in investinguntuk aktivitas investasi (12,835) (1,720) activities

2p9 Arus kas dari aktivitas Cash flows from financing OR-40pendanaan: activities:

2p17(a) Penerimaan dari penerbitan saham Proceeds from issue of ordinarybiasa 950 28 1,070 shares

Akuisisi saham treasuri (2,564) 24 - Acquisition of treasury shares2p17(c) Penerimaan dari penerbitan obligasi Proceeds from issue of convertible

konversi 50,000 33 - bonds2p17(c) Penerimaan dari pinjaman bank 8,500 18,000 Proceeds from bank borrowings2p17(d) Pelunasan pinjaman bank (12,852) (23,424) Repayments of bank borrowings2p17(e) Pembayaran sewa pembiayaan (3,049) (610) Payments for finance lease2p31 Pembayaran dividen kas kepada Cash dividends paid OR-40

pemilik induk Perusahaan2 (10,103) 33 (15,736) to owner of the Parent2Acquisition of interest in

2p42A Akuisisi kepentingan pada entitas anak a subsidiary from2p42B dari kepentingan nonpengendali4 (1,100) - non-controlling interest42p42A Pelepasan kepentingan terhadap2p42B entitas anak kepada kepentingan Sale of interest in a subsidiary

non-pengendali4 1,100 - to non-controlling interest4






PwC Indonesia | 13

OR-3 LAPORAN ARUS KASKONSOLIDASIANUNTUK TAHUN YANG BERAKHIR31 DESEMBER 2015 DAN 2014(Dinyatakan dalam jutaan Rupiah)

CONSOLIDATED STATEMENTS OFCASH FLOWS




Pembayaran dividen kas kepada Cash dividends paid OR-40kepentingan nonpengendali2 (1,920) (550) to non-controlling interest2

Arus kasbersih yang digunakan Net cash used in financinguntuk aktivitas pendanaan 28,962 (21,250) activities

Net (decrease)/increase(Penurunan)/kenaikan bersih in cash, cash equivalents

kas, setara kas dan cerukan (12,855) 5,405 and overdrafts

Cash, cash equivalents and2p45 Kas, setara kas dan cerukan pada bank overdrafts at beginning

awal tahun 27,598 26 22,132 of the yearDampak perubahan selisih kurs

terhadap kas, setara kas dan Exchange gains/(losses) on cash, OR-41cerukan5 535 61 and bank overdrafts5

Kas, setara kas dan cerukan pada Cash, cash equivalents and bankakhir tahun 15,278 26 27,598 overdrafts at end of the year


Guidance notes Statement of Cash Flows

1. Direct/indirect method

OR-39 An entity can present its cash flow statement using the direct or indirect method; however, a listed entity is required topresent its cash flow statement using the direct method (as presented above).

2. Dividends and interest

Cash flows from interest received and paid and dividends received shall each be disclosed separately, and classifiedconsistently.

3. Additions to property, plant and equipment

Additions to property, plant and equipment in the cash flow statement should be net of hedging gains/lossestransferred from hedging reserve.

4. Changes in ownership interest in a subsidiary without loss of control

Cash flows arising from changes in ownership interest in a subsidiary that do not result in a loss of control shall beclassified as cash flows from financing activities.

5. Currency translation differences

Currency translation differences that arise on the translation of foreign currency cash and cash equivalents should bereported in the statement of cash flows in order to reconcile opening and closing balances of cash and cashequivalents separately from operating, financing and investing cash flows.





PwC Indonesia | 14

Guidance notes on materiality and aggregation in preparing financial statements

Under SFAS 1, in presenting line items of financial statements, entities shall present separately each material class ofsimilar items. Reporting entities shall also present separately items of a dissimilar nature or function unless they areimmaterial. However, SFAS does not prescribe any materiality threshold. The materiality concept as commonlyunderstood by the investors is used to determine the sufficiency of disclosures.

OR - 6 Different with SFAS 1, OJK has defined a specific rule in determining whether an item or a group of similar items ismaterial enough or not to be presented and disclosed separately in the financial statements. Materiality for suchpurposes is detailed as follows:1. 5% of total assets for asset accounts2. 5% of total liabilities for liability accounts3. 5% of total equity for equity accounts4. 10% of total revenue for comprehensive income accounts5. 10% of total profit before tax from continuing operations for the impact of an event or a transaction on the financial

statements.

As an addition, in its regulation, OJK also lists required line items that must be presented in the financial statementregardless its materiality. Those items are called as main components. Items that are not listed as part of maincomponents may be combined into one line item; as long as the total amount is not exceeding materiality threshold asmention above.

For illustrative purposes, the items in statement of financial position and statement of comprehensive income of thispublication are already reflecting all required main components.

Guidance notes on comparative information

OR-6 OJK requires the inclusion of all information relating to comparative figures, irrespective of its relevance to the currentyears results. Reporting entities have to reproduce the comparative disclosure in full.


PwC Indonesia | 15

Indeks catatan atas laporan keuangankonsolidasian

Index to the notes to the consolidated financialstatements

Page

1. Informasi umum 17 General information2. Ikhtisar kebijakan akuntansi yang

penting 20 Summary of significant accounting policies3. Manajemen risiko keuangan 61 Financial risk management4. Estimasi dan pertimbangan akuntansi Critical accounting estimates and

yang penting 82 judgements5. Kombinasi bisnis 88 Business combinations6. Transaksi dengan kepentingan

nonpengendali 92 Transactions with non-controlling interest7. Kas dan setara kas 94 Cash and cash equivalents8. Piutang usaha dan piutang lain-lain 97 Trade and other receivables9. Aset keuangan diukur pada nilai wajar Financial assets at fair value through

melalui laporan laba rugi 97 profit or loss10. Instrumen keuangan derivatif 97 Derivative financial instruments11. Aset keuangan tersedia untuk dijual 101 Available-for-sale financial assets12. Persediaan 102 Inventories13. Perpajakan 103 Taxation14. Aset tidak lancar dimiliki untuk dijual Non-current assets held for sale and

dan operasi yang dihentikan 107 discontinuing operations15. Investasi pada entitas asosiasi 109 Investments in associates16. Ventura bersama 112 Joint ventures17. Entitas anak utama 114 Principal subsidiaries18. Aset tetap 116 Property, plant and equipment19. Aset takberwujud 124 Intangible assets20. Utang usaha dan utang lain-lain 128 Trade and other payables21. Pinjaman 128 Borrowings22. Provisi untuk liabilitas dan beban

lain-lain 133 Provisions for other liabilities and charges23. Kewajiban imbalan kerja karyawan 135 Employee benefit obligation24. Modal saham dan tambahan modal Share capital and additional

disetor 146 paid-in-capital25. Pembayaran berbasis saham 147 Share-based payments26. Saldo laba dan cadangan lainnya 148 Retained earnings and other reserves27. Dividen per lembar saham 150 Dividends per share28. Laba per saham 150 Earnings per share29. Transaksi non kas 153 Non-cash transactions30. Pendapatan 153 Revenue31. Beban berdasarkan sifat 154 Expenses by nature32. Penghasilan dan biaya keuangan 155 Finance income and costs33. Penghasilan lain-lain 156 Other income34. (Kerugian)/keuntungan lain-lain neto 156 Other (losses)/gains - net35. Beban imbalan kerja 156 Employee benefit expense36. Transaksi pihak berelasi 157 Related-party transactions37. Kontinjensi 162 Contingencies38. Komitmen 163 Commitments39. Informasi segmen 165 Segment information40. Aset atau liabilitas moneter neto Net monetary assets or liabilities denominated

dalam mata uang asing 169 in foreign currencies41. Peristiwa setelah periode pelaporan 170 Events after the reporting period42. Penyajian kembali laporan keuangan 172 Restatement on the financial statements


OR-42 CATATAN ATAS LAPORAN KEUANGAN1p112 KONSOLIDASIAN

31 DESEMBER 2015 DAN 2014(Dinyatakan dalam jutaan Rupiah)

NOTES TO THE CONSOLIDATEDFINANCIAL STATEMENTS


PwC Indonesia | 16

OR-43 1. INFORMASI UMUM 1. GENERAL INFORMATION

(a) Pendirian dan informasi umum (a) Establishment and general information

1p138(b)OR-43

PT Indonesia (Perusahaan) dan entitasanaknya (bersama-sama Grup)memproduksi, mendistribusikan danmenjual sepatu melalui jaringan ritelindependen. Grup memiliki pabrik danmenjual barangnya di Indonesia. Selamatahun berjalan, Grup mengakuisisi PTSepatu Resmi, perusahaan ritel sepatudan produk kulit.

PT Indonesia (the Company) and itssubsidiaries (together the Group)manufacture, distribute and sell shoes througha network of independent retailers. The Grouphas manufacturing plants and sells its productin Indonesia. During the year, the Groupacquired control of PT Sepatu Resmi, a shoeand leather goods retailer.

1p138(a)OR-43

1p138(b)

PT Indonesia didirikan pada tanggal 2Desember 1991, berdasarkan akta notarisNo. xxx tanggal 2 Desember 1991 dariNotaris Stephen Effendy, S.H., dan mulaiberoperasi secara komersial pada tanggal 1Januari 1993. Anggaran Dasar telahdisahkan oleh Menteri KehakimanRepublik Indonesia dengan surat No. C-x-xxxx-HT.xx-xx TH.91 tanggal 10 Desember1991, dan diumumkan dalam TambahanNo. x Berita Negara Republik IndonesiaNo. x tanggal 20 Desember 1991. Sesuaidengan Pasal 3 Anggaran DasarPerusahaan, maksud dan tujuan sertakegiatan Perusahaan adalah melakukankegiatan usaha di bidang perdaganganumum dan manufaktur.

PT Indonesia was established on 2 December1991, by notarial deed No. xxx dated 2December 1991 of Notary Stephen Effendy,S.H., and commenced its commercialoperations on 1 January 1993. The Article ofAssociation was approved by the Minister ofJustice of the Republic of Indonesia in itsdecision letter No. C-x-xxxx-HT.xx-xx TH.91dated 10 December 1991 and published inSupplement No. x to State Gazette No.x dated20 December 1991. In accordance with Article 3of the Companys Article of Association, theCompanys objectives and scope of activities isto engage in general trading andmanufacturing.

1p138(a)OR-43

Perusahaan berdomisili di Indonesia,dengan kantor yang terdaftar di Menara87, Lt.30, Jl. Benyamin Suaib Kav X-1 No.1,Jakarta.

The Company is incorporated and domiciled inIndonesia. The address of its registered office isMenara 87, Lt.30, Jl. Benyamin Suaib Kav X-1No.1, Jakarta.

OR-44OR-45

Pada tanggal 31 Desember 2015 dan 2014,susunan anggota Dewan Komisaris danDireksi Perusahaan adalah sebagai berikut:

As at 31 December 2015 and 2014, thecomposition of the Companys Board ofDirectors and Board of Commissioners was asfollows:

Presiden Komisaris Fajar President CommissionerKomisaris Galih Commissioners

Halim

Presiden Direktur Adhi President DirectorDirektur Budi Directors

CharlieDudiEva

OR-44OR-45

Susunan Komite Audit Perusahaan per 31Desember 2015 dan 2014 terdiri dari:

The composition of the Companys AuditCommittee as at 31 December 2015 and 2014consisted of:

Ketua Halim ChairmanAnggota Galih Member

JusufAmier






PwC Indonesia | 17

OR-43 1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)

(a) Pendirian dan informasi umum (lanjutan) (a) Establishment and general information(continued)

OR-45 Pada tanggal 31 Desember 2015,Perusahaan dan entitas anak memiliki12.136 orang karyawan (2014: 10.589orang karyawan).

As at 31 December 2015, the Company and itssubsidiaries had 12,136 employees (2014:10,589 employees).

OR-43 (b) Penawaran umum efek (b) Public offering of securities issued

OR-43 (1) Saham biasa (1) Ordinary shares

OR-43 Berdasarkan Rapat Umum PemegangSaham Luar Biasa tanggal 8 Juni2007, yang berita acaranyadituangkan dalam akta notaris No.xxx tanggal 8 Juni 2007 dari NotarisRachman, S.H., yang ditegaskankembali berdasarkan akta notaris No.xxx tanggal 24 Januari 2008 dariNotaris Rachman, S.H., parapemegang saham menyetujui rencanaPenawaran Umum Saham PerdanaBiasa kepada masyarakat melaluipasar modal serta melakukanpencatatan saham Perusahaan diBursa Efek Indonesia (BEI).

Based on Extraordinary GeneralShareholders Meeting dated 8 June 2007,which was notarised by notarial deed No.xxx dated 8 June 2007, of NotaryRachman, S.H., which was reaffirmed bynotarial deed No. xxx dated 24 January2008 of Notary Rachman, S.H., theshareholders approved the Initial PublicOffering of Ordinary Shares plan to thepublic through capital market and listingof the Companys shares on the IndonesiaStock Exchange (IDX).

OR-43 Perusahaan menyampaikanPernyataan Pendaftaran kepadaBadan Pengawas Pasar Modal danLembaga Keuangan (Bapepam)*)dalam rangka Penawaran UmumSaham Perdana pada tanggal 29Januari 2008 melalui surat No. S.xxx/DIR-DSP/I/2008. Pada tanggal28 Februari 2008, Perusahaanmemperoleh pernyataan efektif dariKetua Bapepam-LK melalui surat No.S- xxx/BL/2008 perihalPemberitahuan Efektif PernyataanPendaftaran dalam rangka PenawaranUmum Perdana Saham Biasa PTIndonesia Tbk.

The Company submitted a registrationstatement to Capital Market andFinancial Institution Supervisory Board(Bapepam)*) related to Public Offeringof Ordinary Shares through letter No.S.xxx/DIR-DSP/I/2008 dated 29January 2008. On 28 February 2008,the Company received effective statementfrom the Chairman of Bapepam-LKthrough letter No. S-xxx/BL/2008 aboutNotification of effectiveness Registrationof PT Indonesia Tbks Public Offering ofOrdinary Shares.

*) Since31 December 2012, the roles, responsibilityand authorityonthe supervisionof financial services activities at thecapitalmarketssector, insurance,pensionfunds,multifinance, otherfinancialservicesinstitutionsweretransferredfromthe Minister of Finance andCapital Market andFinancial Institution Supervisory Board (Bapepam-LK)to the IndonesianFinancial Services Authority (OJK).






PwC Indonesia | 18


OR-43 (b) Penawaran umum efek (lanjutan) (b) Public offering of securities issued (continued)

OR-43 (1) Saham biasa (lanjutan) (1) Ordinary shares (continued)

OR-43 Pada tanggal 28 Februari 2008,Perusahaan melakukan PenawaranUmum sebesar 100.000 lembarsaham biasa atas nama NegaraRepublik Indonesia cq MenteriKeuangan Republik Indonesia dengannilai nominal sebesar Rp10.000 (nilaipenuh) per saham dan hargapenawaran sebesar Rp15.000 (nilaipenuh) per saham kepada masyarakatdi Indonesia. Saham tersebut telahdicatatkan pada BEI pada 12 Maret2008.

On 28 February 2008, the Companyundertook a Public Offering of 100,000ordinary shares of the Republic ofIndonesia c.q. Minister of Finance of theRepublic of Indonesia with a par valueper share of Rp 10,000 (full amount) andoffering price of Rp 15,000 (full amount)per share to the public in Indonesia. TheCompanys shares were listed on the IDXon 12 March 2008.

OR-43 Berdasarkan Rapat Umum PemegangSaham Tahunan tanggal 1 April 2015,yang berita acaranya dituangkandalam akta notaris No. xxx tanggal 1April 2015 dari Notaris Rachman,S.H., yang ditegaskan kembaliberdasarkan akta notaris No. 234tanggal 4 April 2015 dari NotarisRachman, S.H., para pemegangsaham menyetujui untuk melakukanpembelian kembali 22.000 lembarsaham biasa Perusahaan melaluipembelian pada BEI (Catatan 22).

Based on Annual General ShareholdersMeeting dated 1 April 2015, which wasnotarised by notarial deed No. xxx dated1 April 2015, of Notary Rachman, S.H.,which was reaffirmed by notarial deedNo. 234 dated 4 April 2015 of NotaryRachman, S.H., the shareholders agreedto repurchase 22,000 of the Companysordinary shares through transaction atIDX (Note 22).

OR-43 (2) Obligasi konversi (2) Convertible bonds

OR-43 Pada 2 Januari 2015, Perusahaanmenerbitkan obligasi konversi PTIndonesia Tbk (Obligasi Konversi)sebesar Rp 50.000.000 ObligasiKonversi telah dinyatakan efektif olehOJK berdasarkan Surat KeputusanNo. S-xxx/BL/2015 pada tanggal 2Januari 2015. Obligasi Konversidicatatkan di BEI pada tanggal 2Januari 2015. Penerbitan ObligasiKonversi dilakukan sesuai denganPerjanjian Perwaliamanatan No. 001tanggal 2 Januari 2015 yangditandatangani Perusahaan dan PTBank Wali Amanat Tbk yangbertindak selaku Wali Amanat parapemegang obligasi.

On 2 January 2015, the Company issuedconvertible bonds of PT Indonesia Tbk(Convertible Bond) amounting Rp50,000,000. The convertible bondsbecame effective based on the OJKsletters No. S-xxx/ BL/2015 dated 2January 2015. The convertible bondswere listed on the IDX on 2 January2015. The issue of Convertible Bond wasbased on the Trusteeship Agreement No.001 dated 2 January 2015 signed by theCompany and PT Bank Wali AmanatTbk as the trustee for the bond holders.






PwC Indonesia | 19


OR-43 (c) Struktur Grup (c) The Group Structure

OR-43 Pada tanggal 31 Desember 2015 dan 2014,struktur Grup adalah sebagai berikut:

As at 31 December 2015 and 2014, thestructure of the Group was as follows:

Dimulainyakegiatan

komersial/Commence-ment

ofcommercialoperations

Domisili/Countryofdomicile

Persentasekepemilikan efektif/Effectivepercentage ofownership

Jumlahaset(sebelumeliminasi)/

Totalassets(beforeelimination)

2015 2014 2015 2014

Entitasanak/Subsidiaries:Sepatu/Shoes

PTGrupSepatu 30November2000 Indonesia 100% 95% 53,251 50,381PTSepatu 17April2001 Indonesia 100% 100% 27,843 25,245PTSepatuAnak 9July2002 Indonesia 70% 80% 6,987 4,118PTSepatuResmi 10March2003 Indonesia 70% 15% 12,634 9,563PTDelta 21January2006 Indonesia 40% 40% 9,562 7,365PTABC 23February2003 Indonesia 100% 100% 26,943 23,278

1p138c)OR-43

Entitas induk langsung Perusahaan adalahPT Induk, yang didirikan di Indonesia,sedangkan entitas induk utamaPerusahaan adalah PT Utama, yang jugadidirikan dan berdomisili di Indonesia.

The Companys immediate parent company isPT Induk, incorporated in Indonesia and itsultimate parent company is PT Utama, alsoincorporated and domiciled in Indonesia.

8p17OR -45

Laporan keuangan konsolidasian ini diotorisasioleh Direksi pada tanggal 28 Januari 2016.

These consolidated financial statements wereauthorised by the Board of Directors on 28January 2016.

Berikut ini adalah ikhtisar kebijakan akuntansipenting yang diterapkan dalam penyusunanlaporan keuangan konsolidasian.

The principal accounting policies applied in thepreparation of these consolidated financialstatements are set out below.

OR-451p117

2. IKHTISAR KEBIJAKAN AKUNTANSIYANG PENTING

2. SUMMARY OF SIGNIFICANTACCOUNTING POLICIES

OR-45 2.1 Dasar penyusunan laporan keuangankonsolidasian

2.1 Basis of preparation

OR-451p112(a)

Laporan keuangan konsolidasian PT Indonesiadan entitas anak disusun berdasarkan StandarAkuntansi Keuangan di Indonesia.

The consolidated financial statements of PTIndonesia and subsidiaries have been prepared inaccordance with Indonesian Financial AccountingStandards.

1p117(a)OR-45

Laporan keuangan konsolidasian disusunberdasarkan konsep harga perolehan, yangdimodifikasi oleh revaluasi tanah dan bangunan,aset keuangan tersedia untuk dijual, dan aset danliabilitas keuangan (termasuk instrumenderivatif) diukur pada nilai wajar melalui laporanlaba rugi, serta menggunakan dasar akrualkecuali untuk laporan arus kas konsolidasian.

The consolidated financial statements have beenprepared under the historical cost convention, asmodified by the revaluation of land and buildings,available-for-sale financial assets, and financialassets and financial liabilities (including derivativeinstruments) at fair value through profit or loss,and using the accrual basis except for theconsolidated statement of cash flow.

2p72p10OR-39

Laporan arus kas konsolidasian disusun denganmenggunakan metode langsung denganmengelompokkan arus kas ke dalam aktivitasoperasi, investasi dan pendanaan.

The consolidated statement of cash flow is preparedbased on the direct method by classifying cash flowson the basis of operating, investing, and financingactivities.






PwC Indonesia | 20

OR-45 2. IKHTISAR KEBIJAKAN AKUNTANSIYANG PENTING (lanjutan)

2. SUMMARY OF SIGNIFICANTACCOUNTING POLICIES (continued)

OR-45 2.1 Dasar penyusunan laporan keuangankonsolidasian (lanjutan)

2.1 Basis of preparation (continued)

OR-3 Seluruh angka dalam laporan keuangankonsolidasian ini, dibulatkan dan disajikandalam jutaan Rupiah (Rp), kecuali dinyatakanlain. Lihat catatan 2.3 untuk informasi matauang fungsional grup.

Figures in the consolidated financial statements arerounded to and stated in millions of Rupiah (Rp),unless otherwise specified. Refer to notes 2.3 for theinformation on the groups functional currency

1p45OR-5

Kecuali dinyatakan dibawah ini, kebijakanakuntansi telah diterapkan secara konsistendengan laporan keuangan tahunan untuk tahunyang berakhir 31 Desember 2014 yang telahsesuai dengan Standar Akuntansi Keuangan diIndonesia.

Except as described below, the accounting policiesapplied are consistent with those of the annualfinancial statements for the year ended 31December 2014, which conform to the IndonesianFinancial Accounting Standards.

1p29

OR-5OR-6

Untuk memberikan pemahaman yang lebih baikatas kinerja keuangan Grup, karena sifat danjumlahnya yang signifikan, beberapa itempendapatan dan beban telah disajikan secaraterpisah.

In order to provide further understanding of thefinancial performance of the Group, due to thesignificance of their nature or amount, severalitems of income or expense have been shownseparately.

OR-451p1221p125

Penyusunan laporan keuangan sesuai denganStandar Akuntansi Keuangan di Indonesiamengharuskan penggunaan estimasi danasumsi. Hal tersebut juga mengharuskanmanajemen untuk membuat pertimbangandalam proses penerapan kebijakan akuntansiGrup. Area yang kompleks atau memerlukantingkat pertimbangan yang lebih tinggi atau areadi mana asumsi dan estimasi dapat berdampaksignifikan terhadap laporan keuangankonsolidasian diungkapkan di Catatan 4.

The preparation of financial statements inconformity with Indonesian Financial AccountingStandards requires the use of certain criticalaccounting estimates and asumptions. It alsorequires management to exercise its judgement inthe process of applying the Groups accountingpolicies. The areas involving a higher degree ofjudgement or complexity, or areas whereassumptions and estimates are significant to theconsolidated financial statements are disclosed inNote 4.

25p19(a) Perubahan pada pernyataan standarakuntansi keuangan dan interpretasipernyataan standar akuntansi keuangan

Changes to the statements of financialaccounting standards and interpretationsof statement of financial accountingstandards

Pada tanggal 1 Januari 2015, Grup menerapkanpernyataan standar akuntansi keuangan(PSAK) dan interpretasi standar akuntansikeuangan (ISAK) baru dan revisi yang efektifsejak tanggal tersebut. Perubahan kebijakanakuntansi Grup telah dibuat seperti yangdisyaratkan, sesuai dengan ketentuan transisidalam masing-masing standar dan interpretasi.

On 1 January 2015, the Group adopted new andrevised statements of financial accountingstandards (SFAS) and interpretations ofstatements of financial accounting standards(ISFAS) that are mandatory for application fromthat date. Changes to the Groups accountingpolicies have been made as required, in accordancewith the transitional provisions in the respectivestandards and interpretations.

Penerapan standar dan intepretasi baru ataurevisi, yang relevan dengan operasi Grup danmemberikan dampak pada laporan keuangankonsolidasian, adalah sebagai berikut:

The adoption of the following new or revisedstandards and interpretations which are relevantto the Groups operations and resulted in an affecton the consolidated financial statements, as follow:






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25p19(a) Perubahan pada pernyataan standarakuntansi keuangan dan interpretasipernyataan standar akuntansi keuangan(lanjutan)

Changes to the statements of financialaccounting standards and interpretationsof statement of financial accountingstandards (continued)

PSAK 1 Penyajian laporan keuangan PSAK 1, 'Financial statement presentation

Perubahan PSAK 1, Penyajian laporankeuangan mengenai pendapatan komperhensiflain. Perubahan yang utama adalah persyaratanGrup untuk mengelompokkan hal-hal yangdisajikan sebagai pendapatan komperhensif lainberdasarkan apakah hal-hal tersebut berpotensiuntuk direklasifikasi ke laporan laba rugiselanjutnya (penyesuaial reklasifikasi).

Amendment to PSAK 1, 'Financial statementpresentation' regarding other comprehensiveincome. The main change resulting from theseamendments is a requirement for entities to groupitems presented in 'other comprehensive income'(OCI) on the basis of whether they are potentiallyreclassifiable to profit or loss subsequently(reclassification adjustments).

PSAK 65 Laporan keuangan konsolidasian PSAK 65, Consolidated financial statements

PSAK 65, Laporan keuangan kosolidasianmendasarkan prinsip yang telah ada denganmengidentifikasi konsep pengendalian sebagaifaktor utama dalam menentukan apakah entitasharus dimasukkan ke dalam laporankonsolidasian entitas induk. Standar inimemberikan petunjuk tambahan untukmembantu dalam kondisi penentuanpengendalian sulit untuk dinilai. Dalam prinsipyang baru, Grup mengendalikan suatu entitasketika Grup terekspos terhadap, atau memilikihak atas, pengembalian variabel dariketerlibatannya terhadap entitas dan memilikikemampuan untuk mempengaruhipengembalian tersebut melalui kekuasaannyaatas entitas tersebut.

PSAK 65, 'Consolidated financial statements buildson existing principles by identifying the concept ofcontrol as the determining factor in whether anentity should be included within the consolidatedfinancial statements of the parent company. Thestandard provides additional guidance to assist inthe determination of control where this is difficult toassess. Under the new principles, the Groupcontrols an entity when the Group is exposed to, orhas right to, variable returns from its involvementwith the entity and has the ability to affect thosereturn through its power over the entity.

Lihat catatan 42 untuk dampak penerapanterhadap laporan keuangan.

See note 42 for the impact on the financialstatements.






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PSAK 48 (revisi 2014), Penurunan nilai aset PSAK 48 (revised 2014), Impairment of assets

Perubahan PSAK 48 Penurunan nilai asetterhadap pengungkapan atas nilai terpulihkanuntuk aset non-finansial. Perubahan inimenghilangkan pengungkapan tertentu untuknilai terpulihkan atas unit penghasil kas yangdisyaratkan oleh PSAK 48 melalui penerbitanPSAK 68.

Amendments to PSAK 48, 'Impairment of assets',on the recoverable amount disclosures for non-financial assets. This amendment removed certaindisclosures of the recoverable amount of CGUswhich had been included in PSAK 48 by the issue ofPSAK 68.

PSAK 24 (Revisi 2013), Imbalan kerja PSAK 24 (Revised 2013), Employee benefits

Penerapan PSAK 24 (Revisi 2013), Imbalankerja mengakibatkan perubahan kebijakanakuntansi Grup sebagai berikut:

The adoption of PSAK 24 (Revised 2013),Employee benefits results into changes on theGroups accounting policies as follows:

1) Seluruh biaya jasa lalu diakui langsung dilaporan laba rugi. Sebelumnya, biaya jasalalu diakui berdasarkan metode garis lurussepanjang periode vesting jika perubahanbersifat kondisional terhadap sisa jasapekerja untuk periode waktu tertentu(periode vesting).

2) Biaya bunga dan imbal hasil yangdiharapkan dari aset program digantidengan nilai bunga bersih yang dihitungberdasarkan tingkat diskonto terhadapkewajiban (aset) imbalan pasti bersih.

3) Revisi standar ini juga mensyaratkanpengungkapan yang lebih ekstensif.Pengungkapan tersebut telah di terapkan diCatatan 23.

1) All past service costs are now recognisedimmediately in profit or loss. Previously, pastservice costs were recognized on a straight linebasis over the vesting period if the changes wereconditional on the employees remaining inservice for a specified period of time (the vestingperiod).

2) The interest cost and expected return on planassets is replaced with a net interest amountthat is calculated by applying the discount rateto the net defined benefit liability (asset).

3) The revised standard also requires moreextensive disclosures. These have been providedin Note 23.








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PSAK 66, Pengaturan bersama PSAK 66, Joint arrangements

Berdasarkan PSAK 66, pengaturan bersamadiklasifikasikan sebagai operasi bersama atauventura bersama tergantung atas hak dankewajiban kontraktual yang dimiliki setiapinvestor, dibanding bentuk legal suatu perikatanbersama. Operasi bersama timbul dimana parainvestor mempunyai hak atas asset dankewajiban atas liabilitas dari sebuah pengaturan.Operator mencatat kepemilikannya atas aset,liabilitas, pendapatan, dan beban. Venturabersama timbul dimana para investor memilikihak atas aset bersih dari pengaturan bersama.Ventura bersama dicatat dengan menggunakanmetode ekuitas. Konsolidasi proporsional tidakdiijinkan.

Under PSAK 66, joint arrangements are classifiedas either joint operations or joint venturesdepending on the contractual rights and obligationseach investor have, rather than the legal structureof the joint arrangements. Joint operations arisewhere the investors have rights to the assets andobligations for the liabilities of an arrangement. Ajoint operator accounts for its share of the assets,liabilities, revenue and expenses. Joint venturesarise where the investors have rights to the netassets of the arrangement. Joint ventures areaccounted for under the equity method.Proportional consolidation of joint arrangements isno longer permitted.



PSAK 67, Pengungkapan kepentingan dalamentitas lain

PSAK 67, Disclosure of interests in other entities

PSAK 67, Pengungkapan kepentingan dalamentitas lain mengatur ketentuan pengungkapanuntuk semua bentuk kepentingan dalam entitaslain, termasuk pengaturan bersama, asosiasi,entitas terstruktur dan off balance sheet vehicleslainnya.

PSAK 67, Disclosures of interests in other entitiesincludes the disclosure requirements for all forms ofinterests in other entities, including jointarrangements, associates, structured entities andother off balance sheet vehicles.






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Penerapan dari standar, interpretasi baru/revisistandar berikut, tidak menimbulkan perubahansubstansial terhadap kebijakan akuntansi Grupdan efek atas jumlah yang dilaporkan atasperiode berjalan atau periode sebelumnya:

The adoption of these new and revised standardsand interpretations did not result in substantialchanges to the Groups accounting policies and hadno material effect on the amounts reported for thecurrent or prior financial periods:

- PSAK 1 (revisi 2013) Penyajian laporankeuangan

- PSAK 4 (revisi 2013) Laporan keuangantersendiri

- PSAK 15 (revisi 2013) Investasi pada entitasasosiasi dan ventura bersama

- PSAK 46 (revisi 2014) Pajak Penghasilan- PSAK 48 (revisi 2014) Penurunan nilai aset- PSAK 50 (revisi 2014) Instrumen keuangan

: penyajian- PSAK 55 (revisi 2014) Instrumen keuangan

: pengakuan dan pengukuran- PSAK 60 (revisi 2014) Instrumen keuangan

: pengungkapan- PSAK 67 Pengungkapan kepentingan dalam

entitas lain- PSAK 68 Pengukuran nilai wajar- ISAK 26 "Penilaian ulang derivative melekat"- ISAK 15 (Revisi 2015), Batas Aset Imbalan

Pasti"

- SFAS 1 (revised 2013) Presentation of financialstatements

- SFAS 4 (revised 2013) Separate financialstatements

- SFAS 15 (revised 2013) Investment inassociates and joint ventures

- SFAS 46 (revised 2014) Income tax- SFAS 48 (revised 2014) Impairment of asset- SFAS 50 (revised 2014) Financial instrument :

Presentation- SFAS 55 (revised 2014) Financial instrument :

Recognition and measurement- SFAS 60 (revised 2014) Financial instrument :

Disclosures- SFAS 67 Disclosure of interests in other

entities- SFAS 68 Fair value measurement- ISFAS 26 Reassessment of embedded

derivatives- ISFAS 15 (Revised 2015), The limit on a

defined benefit asset






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25p30 Pada saat penerbitan laporan keuangankonsolidasian, tidak terdapat standar baru, revisidan intepretasi yang telah diterbitkan.

As at the authorization date of this consolidatedfinancial statement, there is no new standardamendment and interpretation issued.

OR-46 2.2 Konsolidasi 2.2 Consolidation

(a) Entitas anak (a) Subsidiaries

65p765p2065p25OR-46OR-7

Entitas anak adalah seluruh entitas(termasuk entitas terstruktur) dimana Grupmemiliki pengendalian. Grupmengendalikan entitas lain ketika Grupterkspos atas, atau memiliki hak untuk,pengembalian yang bervariasi dariketerlibatannya dengan entitas dan memilikikemampuan untuk mempengaruhipengembalian tersebut melaluikekuasaannya atas entitas tersebut. Entitasanak dikonsolidasikan secara penuh sejaktanggal di mana pengendalian dialihkankepada Grup. Entitas anak tidakdikonsolidasikan lagi sejak tanggal dimanaGrup kehilangan pengendalian.

Subsidiaries are all entities (includingstructured entities) over which the group hascontrol. The group controls an entity when thegroup is exposed to, or has rights to, variablereturns from its involvement with the entity andhas the ability to affect those returns through itspower over the entity. Subsidiaries are fullyconsolidated from the date on which control istransferred to the Group. They are de-consolidated from the date on which thatcontrol ceases.

22p4OR-46

22p37

22p39

22p18

Grup menerapkan metode akuisisi untukmencatat kombinasi bisnis. Imbalan yangdialihkan untuk akuisisi suatu entitas anakadalah sebesar nilai wajar aset yangdialihkan, liabilitas yang diakui terhadappemilik pihak yang diakusisi sebelumnyadan kepentingan ekuitas yang diterbitkanoleh Grup. Imbalan yang dialihkan termasuknilai wajar aset atau liabilitas yang timbuldari kesepakatan imbalan kontinjensi. Asetteridentifikasi yang diperoleh dan liabilitasserta liabilitas kontinjensi yang diambil alihdalam suatu kombinasi bisnis diukur padaawalnya sebesar nilai wajar pada tanggalakuisisi.

The Group applies the acquisition method toaccount for business combinations. Theconsideration transferred for the acquisition ofa subsidiary is the fair value of the assetstransferred, the liabilities incurred to the formerowners of the acquiree and the equity interestsissued by the Group. The considerationtransferred includes the fair value of any assetor liability resulting from a contingentconsideration arrangement. Identifiable assetsacquired and liabilities and contingent liabilitiesassumed in a business combination aremeasured initially at their fair values at theacquisition date.






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OR-46 2.2 Konsolidasi (lanjutan) 2.2 Consolidation (continued)

OR-46 (a) Entitas anak (lanjutan) (a) Subsidiaries (continued)

22p19OR-46

Grup mengakui kepentingan nonpengendalipada pihak yang diakuisisi baik sebesar nilaiwajar atau sebesar bagian proporsionalkepentingan nonpengendali atas aset netopihak yang diakuisisi. Kepentingannonpengendali disajikan di ekuitas dalamlaporan posisi keuangan konsolidasian,terpisah dari ekuitas pemilik entitas induk.

The Group recognises any non-controllinginterest in the acquiree on an acquisition-by-acquisition basis, either at fair value or at thenon-controlling interests proportionate shareof the acquirees net assets. Non-controllinginterest is reported as equity in the consolidatedstatement of financial position, separate fromthe owner of the parents equity.

22p53 Biaya yang terkait dengan akuisisidibebankan pada saat terjadinya.

Acquisition-related costs are expensed asincurred.

22p42OR-46

Jika kombinasi bisnis diperoleh secarabertahap, nilai wajar pada tanggal akuisisidari kepentingan ekuitas yang sebelumnyadimiliki oleh pihak pengakuisisi pada pihakyang diakuisisi diukur kembali ke nilai wajartanggal akuisisi melalui laporan laba rugi.

If the business combination is achieved instages, at the acquisition date fair value of theacquirers previously held equity interest in theacquiree is remeasured to fair value at theacquisition date through profit or loss.

22p3922p58OR-46

Imbalan kontinjensi yang masih harusdialihkan oleh Grup diakui sebesar nilaiwajar pada tanggal akuisisi. Perubahanselanjutnya atas nilai wajar imbalankontinjensi yang diakui sebagai aset atauliabilitas dan dicatat sesuai dengan PSAK 55(revisi 2011) Instrumen Keuangan:Pengakuan dan Pengukuran, dalamlaporan laba rugi. Imbalan kontinjensi yangdiklasifikasikan sebagai ekuitas tidak diukurkembali dan penyelesaian selanjutnyadiperhitungkan dalam ekuitas.

Any contingent consideration to be transferredby the Group is recognised at fair value at theacquisition date. Subsequent changes to the fairvalue of the contingent consideration that isdeemed to be an asset or liability is recognisedin accordance with SFAS 55 (revised 2011)Financial Instrument: Recognition andMeasurement in profit or loss. Contingentconsideration that is classified as equity is notremeasured, and its subsequent settlement isaccounted for within equity.

22p32,22pPP63(a),48p80OR-46

22p34

Selisih lebih imbalan yang dialihkan, jumlahsetiap kepentingan nonpengendali padapihak diakuisisi dan nilai wajar pada tanggalakuisisi kepentingan ekuitas sebelumnyadimiliki oleh pihak pengakuisisi pada pihakdiakuisisi atas nilai wajar aset bersihteridentifikasi yang diperoleh dicatat sebagaigoodwill. Jika jumlah imbalan yangdialihkan, kepentingan nonpengendali yangdiakui, dan kepentingan yang sebelumnyadimiliki pengakuisisi lebih rendah dari nilaiwajar aset bersih entitas anak yang diakuisisidalam kasus pembelian dengan diskon,selisihnya diakui dalam laporan laba rugi(catatan 2.12).

The excess of the consideration transferred theamount of any non-controlling interest in theacquiree and the acquisition-date fair value ofany previous equity interest in the acquiree overthe fair value of the identifiable net assetsacquired is recorded as goodwill. If the total ofconsideration transferred, non-controllinginterest recognised and previously held interestmeasured is less than the fair value of the netassets of the subsidiary acquired in the case of abargain purchase, the difference is recogniseddirectly in the income statement (note 2.12).

4p17OR-46

4p22

Transaksi, saldo dan keuntungan antarentitas Grup yang belum direalisasi telahdieliminasi. Kerugian yang belum direalisasijuga dieliminasi. Jika diperlukan, nilai yangdilaporkan oleh entitas anak telah diubahuntuk menyesuaikan dengan kebijakanakuntansi yang diadopsi oleh Grup.

Inter-company transactions, balances andunrealised gains on transactions betweenGroup companies are eliminated. Unrealisedlosses are also eliminated. When necessaryamounts reported by subsidiaries have beenadjusted to conform to the groups accountingpolicies.






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OR-46 (b) Perubahan kepemilikan tanpakehilangan pengendalian

(b) Changes in ownership interests in subsidiarieswithout change of control

65p23 Transaksi dengan kepentingannonpengendali yang tidak mengakibatkanhilangnya pengendalian merupakantransaksi ekuitas. Selisih antara nilai wajarimbalan yang dibayar dan bagian yangdiakuisisi atas nilai tercatat aset neto entitasanak dicatat pada ekuitas. Keuntungan ataukerugian pelepasan kepentingannonpengendali juga dicatat pada ekuitas.

Transactions with non-controlling interests thatdo not result in loss of control are accounted foras equity transactions. The difference betweenthe fair value of any consideration paid and therelevant share acquired of the carrying value ofnet assets of the subsidiary is recorded in equity.Gains or losses on disposals to non-controllinginterests are also recorded in equity.

OR-46 (c) Pelepasan entitas anak (c) Disposal of subsidiaries

65p2565pPP9865pPP99OR-46

Ketika Grup tidak lagi memilikipengendalian atau, kepentingan yang masihtersisa atas entitas diukur kembaliberdasarkan nilai wajarnya, dan perubahannilai tercatat diakui dalam laporan laba rugi.Nilai tercatat awal adalah sebesar nilai wajaruntuk kepentingan pengukuran kembalikepentingan yang tersisa sebagai entitasasosiasi, ventura bersama atau asetkeuangan. Di samping itu, jumlah yangsebelumnya diakui pada pendapatankomprehensif lain sehubungan denganentitas tersebut dicatat seolah-olah Gruptelah melepas aset atau liabilitas terkait. Halini dapat berarti bahwa jumlah yangsebelumnya diakui pada pendapatankomprehensif lain direklasifikasi ke laporanlaba rugi.

When the Group ceases to have control, anyretained interest in the entity is remeasured toits fair value at the date when the control is lost,with the change in carrying amount recognisedin profit or loss. The fair value is the initialcarrying amount for the purposes ofsubsequently accounting for the retainedinterest as an associate, joint venture orfinancial asset. In addition, any amountspreviously recognised in other comprehensiveincome in respect of that entity are accountedfor as if the Group had directly disposed of therelated assets or liabilities. This may mean thatamounts previously recognised in othercomprehensive income are reclassified to profitor loss.

OR-49 (d) Entitas asosiasi (d) Associates

15p515p10OR-49

Entitas asosiasi adalah seluruh entitasdimana Grup memiliki pengaruh signifikannamun bukan pengendalian, biasanyamelalui kepemilikan hak suara antara 20%dan 50%. Investasi entitas asosiasi dicatatdengan metode ekuitas. Sesuai metodeekuitas, investasi pada awalnya dicatat padabiaya, dan nilai tercatat akan meningkat ataumenurun untuk mengakui bagian investoratas laba rugi. Di dalam investasi Grup atasentitas asosiasi termasuk goodwill yangdiidentifikasi ketika akuisisi.

Associates are all entities over which the Grouphas significant influence but not control,generally accompanying a shareholding ofbetween 20% and 50% of the voting rights.Investments in associates are accounted forusing the equity method of accounting. Underthe equity method, the investment is initiallyrecognised at cost, and the carrying amount isincreased or decreased to recognise theinvestor's share of the profit or loss of theinvestee after the date of acquisition. TheGroups investment in associates includesgoodwill identified on acquisition.

15p25 Jika kepemilikan kepentingan pada entitasasosiasi berkurang, namun tetap memilikipengaruh signifikan, hanya suatu bagianproporsional atas jumlah yang telah diakuisebelumnya pada pendapatan komprehensiflainnya yang direklasifikasi ke laporan labarugi.

If the ownership interest in an associate isreduced but significant influence is retained,only a proportionate share of the amountspreviously recognised in other comprehensiveincome is reclassified to profit or loss whereappropriate.






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OR-49 (d) Entitas asosiasi (lanjutan) (d) Associates (continued)

15p3815p39

Bagian Grup atas laba atau rugi entitasasosiasi pasca akuisisi diakui dalam laporanlaba rugi dan bagian atas mutasi pendapatankomprehensif lainnya pasca akuisisi diakuidi dalam pendapatan komprehensif lainnyadan diikuti dengan penyesuaian padajumlah tercatat investasi. Dividen yang akanditerima dari entitas asosiasi diakui sebagaipengurang jumlah tercatat investasi. Jikabagian Grup atas kerugian entitas asosiasisama dengan atau melebihi kepentingannyapada entitas asosiasi, termasuk piutangtanpa agunan,

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