Laporan Keuangan Konsolidasian dan Laporan Auditor ......PT RICKY PUTRA GLOBALINDO Tbk DAN ENTITAS ANAK PT RICKY PUTRA GLOBALINDO AND SUBSIDIARIES LAPORAN LABA RUGI KOMPREHENSIF KONSOLIDASIAN

Laporan Keuangan Konsolidasian dan Laporan Auditor IndependenPT RICKY PUTRA GLOBALINDO Tbkdan Entitas Anak31 Desember 2014 dan 2013

Consolidated Financial Statements andIndependent Auditors' ReportPT RICKY PUTRA GLOBALINDO Tbkand SubsidiariesDecember 31, 2014 and 2013

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DAFTAR ISI

Halaman/Page

Surat Pernyataan Direksi

Laporan Auditor Independen

Laporan Keuangan

Laporan Posisi Keuangan Konsolidasian 1 - 2

Laporan Laba Rugi Komprehensif Konsolidasian 3

Laporan Perubahan Ekuitas Konsolidasian 4

Laporan Arus Kas Konsolidasian 5

Catatan atas Laporan Keuangan Konsolidasian 6 – 63

Financial Statements

Consolidated Statement of Changes in Equity

Consolidated Statement of Comprehensive Income

Consolidated Statement of Cash Flow

Consolidated Statement of Financial Position

TABLE OF CONTENTS

Independent Auditors' Report

Directors' Representation Letter

Notes to Consolidated Financial Statements

PT RICKY PUTRA GLOBALINDO Tbk DAN ENTITAS ANAK PT RICKY PUTRA GLOBALINDO AND SUBSIDIARIES

LAPORAN POSISI KEUANGAN KONSOLIDASIAN CONSOLIDATED STATEMENT OF FINANCIAL POSITION

December 31, 2014 and 2013

A S E T

Catatan/2 0 1 4 Notes 2 0 1 3

RpASET LANCAR CURRENT ASSETS

Kas dan setara kas 36,748,589,318 2e, 2f, 4 59,099,525,867 Cash and cash equivalentsPiutang usaha 2d, 2e, 5 Accounts receivable

Pihak berelasi 42,517,736,573 11,813,536,426 Related partiesPihak ketiga – setelah dikurangi penyisihan Third parties - net of allowance for

piutang tak tertagih sebesar doubtful accounts of Rp 2.669.296.625Rp 2.669.296.625 (2014) dan (2014) and Rp 1,946,119,800 (2013)Rp 1.946.119.800 (2013) 205,967,566,620 247,696,597,737

Piutang lain-lain 2d, 6 Other receivablesPihak berelasi – setelah dikurangi Related parties - net of allowance for

penyisihan piutang tak tertagih doubtful accounts of sebesar Rp 3.830.115.581 (2014) dan Rp 3,830,115,581 (2014) and Rp 3.830.115.581 (2013) 6,803,281,627 4,154,951,294 Rp 3,830,115,581 (2013)

Pihak ketiga 31,385,966,408 32,045,191,731 Third partiesPersediaan – setelah dikurangi penyisihan 2h, 7 Inventories - net of allowance for

persediaan usang dan lambat bergerak inventory obsolescence of sebesar Rp 2.931.327.617 (2014) dan Rp 2,931,327,617 (2014) andRp 2.303.802.194 (2013) 443,003,004,703 410,785,418,867 Rp 2,303,802,194 (2013)

Pajak dibayar di muka 15,904,507,779 2s, 17a 6,978,157,203 Prepaid taxesUang muka 58,286,355,382 8 61,568,280,435 Advance paymentsBiaya dibayar di muka 4,755,456,667 2i, 9 3,472,720,607 Prepaid expenses

Total Aset Lancar 845,372,465,077 837,614,380,166 Total Current Assets

ASET TIDAK LANCAR NON-CURRENT ASSETSAset pajak tangguhan 732,148,523 2s, 17d 507,291,510 Deferred tax assetInvestasi pada entitas asosiasi 945,445,791 2j, 10 715,661,235 Investment in associated entityAset tetap – setelah dikurangi akumulasi 2k, 2n, Fixed assets - net of accumulated

penyusutan sebesar Rp 244.921.619.731 2o, 11 depreciation of Rp 244,921,619,731 (2014)(2014) dan Rp 212.560.147.062 (2013) 318,630,063,545 266,315,120,697 and Rp 212,560,147,062 (2013)

Properti investasi 1,246,162,500 2l, 12 1,317,712,500 Investment propertyAset tidak berwujud 658,468,922 2m 79,691,500 Intangible assetsUang jaminan 3,167,669,747 13 3,315,472,150 Security deposits

Total Aset Tidak Lancar 325,379,959,028 272,250,949,591 Total Non-current Assets

TOTAL ASET 1,170,752,424,106 1,109,865,329,758 TOTAL ASSETS

bagian tidak terpisahkan dari laporan keuangan konsolidasian an integral part of these consolidated financial statementsThe accompanying notesto consolidated financial statements are

31 Desember 2014 dan 2013

Catatan atas laporan keuangan konsolidasian merupakan

A S S E T S

1

PT RICKY PUTRA GLOBALINDO Tbk DAN ENTITAS ANAK

LAPORAN POSISI KEUANGAN KONSOLIDASIAN

LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY


Rp RpLIABILITAS LIABILITIES

LIABILITAS JANGKA PENDEK SHORT-TERM LIABILITIESPinjaman bank jangka pendek 6,588,190,135 2e, 14 3,984,493,784 Short-term bank loansHutang usaha 2d, 2e, 15 Accounts payable

Pihak berelasi 18,042,736,523 29,541,013,507 Related partiesPihak ketiga 46,102,549,963 77,040,919,657 Third parties

Hutang lain-lain 33,981,251,432 16 16,164,651,144 Other payablesHutang pajak 3,383,430,762 2s, 17b 3,948,245,197 Taxes payableBiaya masih harus dibayar 8,296,124,341 18 9,166,815,975 Accrued expensesUang muka penjualan 5,844,039,095 19 2,501,037,091 Sales advanceBagian lancar atas liabilitas jangka panjang: Current maturity of long-term liabilities:

- Pinjaman bank jangka panjang 347,007,138,940 2e, 20 319,547,214,013 Long-term bank loans -- Liabilitas sewa pembiayaan 14,002,322,897 2n, 21 12,445,420,735 Obligation under capital lease -

Total Liabilitas Jangka Pendek 483,247,784,088 474,339,811,104 Total Short-term Liabilities

LIABILITAS JANGKA PANJANG LONG-TERM LIABILITIESLiabilitas pajak tangguhan 1,212,620,030 2s, 17d 932,488,303 Deferred tax liabilities

Pinjaman bank jangka panjang 260,713,250,666 2e, 20 219,886,448,579 Long-term bank loansLiabilitas sewa pembiayaan 13,882,614,417 2n, 21 19,709,598,338 Obligations under capital lease

Liabilitas imbalan pasca kerja 15,383,073,660 2u, 22 13,806,714,508 Post-employment benefit obligations

Total Liabilitas Jangka Panjang 291,191,558,773 254,335,249,727 Total Long-term Liabilities

Total Liabilitas 774,439,342,861 728,675,060,830 Total Liabilities

EKUITAS EQUITYEkuitas yang dapat diatribusikan kepada Equity Attributable to Owners of

pemilik ekuitas induk the Parent EntityModal saham Capital stock

Modal dasar - 1.152.000.000 saham Authorized capital - 1,152,000,000dengan nilai nominal Rp 500 per saham shares with par value Rp 500 per share

Modal ditempatkan dan disetor penuh - Issued and fully paid capital – 641.717.510 saham 320,858,755,000 23 320,858,755,000 641,717,510 shares

Tambahan modal disetor, neto 4,884,758,116 2q, 24 4,884,758,116 Additional paid-in capital, netSaldo laba Retained earning

Ditentukan penggunaannya 550,000,000 25 450,000,000 AppropriatedBelum ditentukan penggunaannya 53,743,317,785 42,897,096,825 Unappropriated

Pendapatan komprehensif lainnya Other comprensive incomeTranslasi mata uang asing – 2e – Foreign currency translation

Total Ekuitas Pemilik Ekuitas Induk 380,036,830,901 369,090,609,941 Total Equity to Owners of the Parent EquityKepentingan nonpengendali 16,276,250,343 2c, 26 12,099,658,988 Non-controlling interests

Total Ekuitas 396,313,081,245 381,190,268,929 Total Equity

TOTAL LIABILITAS DAN EKUITAS 1,170,752,424,106 1,109,865,329,758 TOTAL LIABILITIES AND EQUITY

PT RICKY PUTRA GLOBALINDO AND SUBSIDIARIES

bagian tidak terpisahkan dari laporan keuangan konsolidasian

31 Desember 2014 dan 2013 December 31, 2014 and 2013

an integral part of these consolidated financial statements

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

Catatan atas laporan keuangan konsolidasian merupakan The accompanying notesto consolidated financial statements are

2

PT RICKY PUTRA GLOBALINDO Tbk DAN ENTITAS ANAK PT RICKY PUTRA GLOBALINDO AND SUBSIDIARIES

LAPORAN LABA RUGI KOMPREHENSIF KONSOLIDASIAN CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Untuk tahun yang berakhir pada 31 Desember 2014 dan 2013 For the years ended December 31, 2014 and 2013


Rp Rp

PENJUALAN NETO 1,185,443,580,242 2r, 27 984,185,102,135 NET SALES

(943,887,339,715) 2r, 28 (711,537,361,541) COST OF GOODS SOLD

LABA BRUTO 241,556,240,527 272,647,740,594 GROSS PROFIT

OPERATING EXPENSESBeban penjualan 115,060,649,269 2r, 29 93,951,015,897 Selling expensesBeban umum dan administrasi 63,939,657,452 2r, 30 62,468,394,631 General dan administrative expenses

Total biaya operasi 179,000,306,721 156,419,410,528 Total operating expenses

LABA OPERASI 62,555,933,806 116,228,330,066 PROFIT FROM OPERATIONS

PENGHASILAN (BEBAN) LAIN-LAINLaba penjualan aset tetap, neto 4,668,072,515 2k, 2n, 11 1,950,572,456 Gain on sale of fixed assets, netPendapatan atas penjualan waste 15,405,948,369 15,501,460,441 Sales waste incomePenghasilan sewa 2,293,870,364 2n 3,379,679,638 Rent incomePenghasilan bunga 461,783,699 565,212,792 Interest incomeBeban bunga (47,496,961,567) 31 (43,891,865,800) Interest expenseAmortisasi pendapatan tangguhan atas Amortization of deferred gain on sale

transaksi jual dan sewa-balik – 2n, 21 1,205,756,126 and leaseback transactionRugi selisih kurs, neto (6,424,033,432) 2e (83,585,724,329) Loss on foreign exchange, netBeban penyisihan piutang ragu-ragu (723,176,825) 2g, 5 (547,822,202) Allowance for doubtful accountsPenyisihan penurunan nilai persediaan (627,525,423) 2h, 7 (537,741,034) Provision for decline in value of inventoryBagian laba investasi pada Share profit on investment

entitas asosiasi 229,784,556 2j, 10 184,952,837 in associated entityPendapatan (beban) lain-lain, neto (7,716,450,873) 5,746,261,009 Miscellaneous income (charges), net

Total beban lain-lain, neto (39,928,688,617) (100,029,258,064) Total other charges, net

LABA SEBELUM PAJAK 22,627,245,189 16,199,072,002

TAX INCOME (EXPENSES)Pajak kini (7,464,682,583) 2s, 17e (5,777,025,966) Current taxPajak tangguhan (51,030,965) 2s, 17e (1,701,499,048) Deferred tax

Total beban pajak, neto (7,515,713,548) (7,478,525,013) Total tax expenses, net

15,111,531,641 8,720,546,989 PENDAPATAN KOMPREHENSIF LAIN OTHER COMPREHENSIVE INCOME

Translasi mata uang asing – – Foreign currency translation

TOTAL LABA KOMPREHENSIF TAHUN TOTAL COMPREHENSIVE INCOMEBERJALAN 15,111,531,641 8,720,546,989 CURRENT YEAR

Total laba komprehensif tahun bejalan yang dapat diatribusikan kepada: attributable to:Pemilik entitas induk 13,513,091,000 7,336,590,822 Owners of the parent entityKepentingan nonpengendali 1,598,440,640 2c, 26 1,383,983,167 Non-controlling interest

15,111,531,641 8,720,546,989

LABA PER SAHAM DASAR 21.06 2v, 32 11.43 BASIC EARNINGS PER SHARE

an integral part of these consolidated financial statements

HARGA POKOK PENJUALAN

OTHER INCOME (CHARGES)

LABA KOMPREHENSIF TAHUN BERJALAN

INCOME BEFORE TAX

BIAYA OPERASI

PENGHASILAN (BEBAN) PAJAK

Total comprehensive income

COMPREHENSIVE INCOME CURRENT YEAR

bagian tidak terpisahkan dari laporan keuangan konsolidasianCatatan atas laporan keuangan konsolidasian merupakan The accompanying notesto consolidated financial statements are

PT RICKY PUTRA GLOBALINDO Tbk DAN ENTITAS ANAK PT RICKY PUTRA GLOBALINDO AND SUBSIDIARIESLAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN CONSOLIDATED STATEMENTS OF CHANGES IN EQUITYUntuk tahun yang berakhir pada 31 Desember 2014 dan 2013 For the years ended December 31, 2014 and 2013

Total EkuitasPemilik

Entitas Induk/Tambahan Modal Belum Translasi Mata Total Equity Kepentingan

Disetor, Neto/ Ditentukan Ditentukan Uang Asing/ to Owners Nonpengendali/Catatan/ Modal Disetor/ Additional Penggunaannya/ Penggunaannya/ Foreign Currency of the Parent Non-controlling Total Ekuitas/

Notes Paid-in Capital Paid-in Capital, Net Appropriated Unappropriated Translation Entity Interest Total EquityRp Rp Rp Rp Rp Rp Rp Rp

Saldo per 31 Desember 2012 320,858,755,000 4,884,758,116 350,000,000 35,660,533,003 – 361,754,046,119 5,203,267,093 366,957,313,212 Balance as of December 31, 2012

Pembentukan cadangan umum 25 – – 100,000,000 (100,000,000) – – – – General reservesPenambahan entitas anak

tahun berjalan 2c, 26 – – – – – – 5,512,408,728 5,512,408,728 Additional subsidiary current yearLaba komprehensif tahun Comprehensive income

berjalan – – – 7,336,563,822 – 7,336,563,822 1,383,983,167 8,720,546,989 current year


Pembentukan cadangan umum 25 – – 100,000,000 (100,000,000) – – – – General reserves

Dividen 25 – – – (2,566,870,040) – (2,566,870,040) – (2,566,870,040) DividendPenambahan entitas anak

tahun berjalan 2c, 26 – – – – – – 2,578,150,715 2,578,150,715 Additional subsidiary current yearLaba komprehensif tahun Comprehensive income

berjalan – – – 13,513,091,000 – 13,513,091,000 1,598,440,640 15,111,531,641 current year


The accompanying notesto consolidated financial statements are an integral part of these consolidated financial statements

Ekuitas yang Dapat Diatribusikan kepada Pemilik Ekuitas Induk/Equity Attributable to Owners of the Parent Equity

Saldo Laba (Retained Earnings )

Catatan atas laporan keuangan konsolidasian merupakanbagian tidak terpisahkan dari laporan keuangan konsolidasian


2 0 1 4 2 0 1 3Rp Rp

Penerimaan kas dari pelanggan 1,199,088,236,391 886,710,764,477 Cash receipts from customersPembayaran kas kepada pemasok (962,393,177,060) (803,855,001,489) Cash paid to suppliersPembayaran kas kepada direksi dan karyawan (177,615,127,390) (153,440,074,687) Cash paid to directors and employeesPembayaran pajak penghasilan (12,536,144,744) (10,657,818,756) Payment of income taxPenerimaan (pengeluaran) lain-lain 601,509,298 (3,637,627,810) Other cash receipts (payments)

Arus kas neto dari (untuk) aktivitas operasi Net cash flows provided (used) byaktivitas operasi 47,145,296,495 (84,879,758,265) operating activities

Arus kas dari aktivitas investasi Cash flows from investing activitiesPerolehan aset tetap (109,438,789,551) (78,743,378,655) Payment to acquire fixed assetsHasil penjualan aset tetap 27,550,441,048 20,563,616,309 Proceeds from sale of fixed assetsPenerimaan bunga 461,783,699 565,212,792 Interest received

Arus kas neto untuk aktivitas investasi (81,426,564,804) (57,614,549,554) Net cash flows used by investing activities

Arus kas dari aktivitas pendanaan Cash flows from financing activitiesHasil dari pinjaman bank jangka pendek 3,395,946,021 – Proceeds from short-term bank loansPembayaran pinjaman bank jangka pendek (792,249,670) (1,234,919,720) Payment of short-term bank loansHasil dari pinjaman bank jangka panjang 243,582,015,455 171,599,260,881 Proceeds from long-term bank loansPembayaran pinjaman bank jangka panjang (179,921,466,680) (6,367,000,000) Payment of long-term bank loansPembayaran dividen (2,566,870,040) – Dividend paymentKenaikan (penurunan) hutang sewa Increase (decrease) in obligation under

guna usaha (4,270,081,759) 23,864,855,723 capital leasePembayaran bunga dan beban keuangan (47,496,961,567) (43,891,865,800) Payment of interest and financial charges

Arus kas neto untuk aktivitas pendanaan 11,930,331,760 143,970,331,084 Net cash flows used by financing activitiesNet increase (decrease) in cash and cash

Kenaikan (penurunan) neto kas dan setara kas (22,350,936,549) 1,476,023,265 equivalents

Kas dan setara kas awal tahun 59,099,525,867 57,623,502,602 Cash and cash equivalents at beginning of year

Kas dan setara kas akhir tahun 36,748,589,318 59,099,525,867 Cash and cash equivalents at end of year

The accompanying notesto consolidated financial statements are Catatan atas laporan keuangan konsolidasian merupakan

Untuk tahun yang berakhir pada 31 Desember 2014 dan 2013

an integral part of these consolidated financial statementsbagian tidak terpisahkan dari laporan keuangan konsolidasian

PT RICKY PUTRA GLOBALINDO AND SUBSIDIARIESSTATEMENTS OF CASH FLOWSLAPORAN ARUS KAS

For the years ended December 31, 2014 and 2013

Arus kas dari aktivitas operasi Cash flow from operating activities

PT RICKY PUTRA GLOBALINDO Tbk DAN ENTITAS ANAKCATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO CONSOLIDATED FINANCIAL STATEMENTS31 Desember 2014 dan 2013 December 31, 2014 and 2013

UMUM

a. Pendirian Entitas dan Informasi Umum a. The Entity's Establishment and General Information

b. Penawaran Umum Saham b. Public Offering of Shares of the Entity

: :

PT Ricky Putra Globalindo Tbk (Entitas) didirikan berdasarkan AktaNotaris Sinta Susikto, S.H., No. 166 tanggal 22 Desember 1987,yang telah diubah dengan Akta No. 99 tanggal 10 Juli 1997 dariNotaris Raharti Sudjardjati, S.H. Akta Pendirian dan perubahantersebut telah disahkan oleh Menteri Kehakiman RepublikIndonesia dengan Surat Keputusan No. C2-7331.HT.01.04.Th.97tanggal 30 Juli 1997 dan telah diumumkan dalam Berita NegaraRepublik Indonesia No. 75 tanggal 19 September 1997, TambahanNo. 4259.

Berdasarkan Akta Notaris Syarifah Chozie, S.H., MH, No. 20 tanggal24 Juni 2008, seluruh Anggaran Dasar Entitas telah disesuaikandengan UU RI No. 40/2007 tentang Perseroan Terbatas. AktaPerubahan tersebut telah disahkan oleh Menteri Hukum dan HakAsasi Manusia Republik Indonesia dengan Surat Keputusan No.AHU-42045.AH.01.02.Tahun 2008 tanggal 17 Juli 2008 dan telahdiumumkan dalam Berita Negara Republik Indonesia No. 4 tanggal13 Januari 2009, Tambahan No. 1072.

PT Ricky Putra Globalindo Tbk (the Entity ) was established based onNotarial Deed No. 166 dated December 22, 1987 of Public NotarySinta Susikto S.H., which was amended by Notarial Deed No. 99dated July 10, 1997 of Public Notary Raharti Sudjardjati S.H. Thedeed of establishment and its amendment were approved by theMinister of Justice of the Republic of Indonesia in Decision Letter No.C2-7331.HT.01.04.Th.97 dated July 30, 1997 and was published inState Gazette of the Republic of Indonesia No. 75, dated September19, 1997, Supplement No. 4259.

Based on notarial deed No. 20, dated June 24, 2008 of SyarifahChozie, S.H., MH, all of the Articles of Association had been amended in conformity with Law No. 40 Year 2007 on Limited Liability Entities.These amendments were approved by the Minister of Law andHuman Rights of the Republic of Indonesia in Decision Letter No. AHU-42045.AH.01.02.Tahun 2008, dated July 17, 2008 and was publishedin the State Gazette of the Republic of Indonesia No. 4, dated January 13, 2009, Supplement No.1072.

Anggaran Dasar Entitas telah mengalami beberapa kali perubahan,terakhir dengan Akta Notaris Syarifah Chozie, S.H., MH, No. 25tanggal 24 Juni 2011 mengenai perubahan tempat kedudukanEntitas. Akta Perubahan tersebut telah disahkan oleh MenteriHukum dan Hak Asasi Manusia Republik Indonesia dengan SuratKeputusan No. AHU-36958.AH.01.02.Tahun 2011 tanggal 22 Juli2011.

The Entity’s Articles of Association have been amended several times,most recently by notarial deed No. 25, dated June 24, 2011 ofSyarifah Chozie, S.H., MH, concerning the changes of the Entity'shead office. The change was approved by the Minister of Law andHuman Rights of the Republic of Indonesia in Decision Letter No. AHU-36958.AH.01.02.Tahun 2011, dated July 22, 2011.

Sesuai dengan Pasal 3 Anggaran Dasar Entitas, ruang lingkupkegiatan Entitas terutama bergerak dalam bidang industripembuatan pakaian dalam dan pakaian jadi (fashion wear ).

In accordance with Article 3 of the Entity’s Articles of Association, itsscope of activities is mainly in the manufacturing of underwear andfashion wear.

Kantor Pusat Entitas berdomisili Citeureup-Bogor, Jawa Barat,dengan lokasi pabrik di Citeureup-Bogor dan Cicalengka-Bandung.Entitas mulai beroperasi secara komersial sejak tahun 1988. Hasilproduksi Entitas dipasarkan di dalam dan di luar negeri.

The Entity’s head office domicile is in Citeureup-Bogor, which areits plants located in Citeureup, Bogor and Cicalengka-Bandung.The Entity commenced its commercial operations in 1988, and itsproducts are sold to domestic and international markets.

Pada tahun 2005, Entitas membeli pabrik pemintalan benang yangterletak di Bandung seluas 60.170 M2, 60.000 spindle dengankapasitas produksi sebesar 36.000 bale per tahun.

In 2005, the Entity acquired a spinning factory, with a total area of60,170 M2, located in Bandung having 60,000 spindles with theproduction capacity of 36,000 bales per annum.

Entitas juga membuka divisi perdagangan di Pontianak, Makassardan Samarinda yang bertujuan untuk memperluas pemasaranpakaian dalam dan pakaian jadinya di wilayah Timur Indonesia.

The Entity open its trading divisions in Pontianak, Makassar andSamarinda with an objective to expand the marketing network ofunderwear and fashion wear in east region of Indonesia.

Penawaran Umum Perdana sebanyak 60.000.000saham dengan harga penawaran Rp 600 per lembarsaham. Penawaran Umum Perdana tersebut telahdicatatkan pada Bursa Efek Indonesia pada tanggal 22Januari 1998.

Tahun 1997/ Initial Public Offering of 60,000,000 shares with offering price ofRp 600 per share. On January 22, 1998, those Initial Public Offering were listed in the Indonesian Stock Exchange.

Year 1997

GENERAL1.


1.

6



UMUM (Lanjutan)

b. Penawaran Umum Saham (Lanjutan) b. Public Offering of Shares of the Entity (Continued)

: :

: :

c. Dewan Komisaris, Direksi, Komite Audit dan Karyawan c.

Dewan Komisaris:

- Presiden Komisaris : - Andrian Gunawan - Andrian Gunawan : President Commissioner -

- Komisaris : - Victor Richard - Victor Richard : Commisioner - Franziskus Franziskus

- Komisaris Independen : - Subandi Sihman - Sodikin Arsyad : Independent Commisioner -

Dewan Direksi: - Presiden Direktur : - Paulus Gunawan - Paulus Gunawan : President Director -

- Direktur : - Tirta Heru Citra - Tirta Heru Citra : Director - : - Charlie Nawawi - Charlie Nawawi :

- Direktur Independen : - Iwan - Iwan : Independent Director -

- Ketua : - Subandi Sihman - Sodikin Arsyad : Chairman - - Anggota : - Surya Junawan - Tjiong Indra : Members -

: - Raymond Ellion - Eddy Nachrowi :

Penawaran Umum Terbatas I Dalam RangkaPenerbitan Hak Memesan Efek Terlebih Dahulusebanyak 128.000.000 saham. Seluruh saham tersebut telah dicatatkan pada Bursa Efek Indonesia padatanggal 24 Juni 1999.

Limited Public Offering I with Pre-emptive Rights to thestockholders of 128,000,000 shares. On June 24, 1999, thoseshares were listed in the Indonesian Stock Exchange.

Tahun 2004/

Year 2004

Board of Directors :

Komite Audit Entitas dibentuk pada tahun 2003. Susunan KomiteAudit Entitas pada 31 Desember 2014 dan 2013 adalah sebagaiberikut:

The Entity's Audit Committee was established in 2003. Thecomposition of the Entity's Audit Committee as of December 31, 2014and 2013 are as follows:

2 0 1 4 2 0 1 3

2 0 1 32 0 1 4

In 2014, the Entity and its Subsidiaries had an average number ofpermanent employees of 1,126 people (2013: 2,148 people)(unaudited). Total salaries and allowances of employess in 2014amounted Rp 104,116,756,981 (2013: Rp 149,627,893,011).

Board of Commissioners :

Pada tahun 2014, Entitas dan Entitas Anak masing-masingmempunyai rata-rata 1.126 karyawan tetap (2013: 2.148 karyawantetap) (tidak diaudit). Jumlah gaji dan tunjangan karyawan padatahun 2014 sebesar Rp 104.116.756.981 (2013: Rp149.627.893.011).

Gaji dan tunjangan Dewan Komisaris dan Direksi Entitas padatahun 2014 adalah sebesar Rp 2.608.214.450 (2013: Rp2.181.414.600).

Salaries and other compensation benefits given to the Entity’scommissioners and directors in 2014 amounted to Rp 2,608,214,450(2013: Rp 2,181,414,600).

1. 1. GENERAL (Continued)

Tahun 1999/Year 1999

Penawaran Umum Terbatas II Dalam RangkaPenerbitan Hak Memesan Efek Terlebih Dahulusebanyak 374.000.000 saham. Sebanyak 353.717.500saham tersebut telah dicatatkan pada Bursa EfekIndonesia pada tanggal 12 Juli 2004.

Limited Public Offering II with Pre-emptive Rights to thestockholders of 374,400,000 shares. On July 12, 2004, those353,717,510 shares were listed in the Indonesian Stock Exchange.

Board of Commissioner, Director, Audit Committee and Employees

Berdasarkan Rapat Umum Pemegang Saham Tahunansebagaimana dinyatakan dalam akta notaris Syarifah Chozie, S.H.,No. 07 tanggal 23 Juni 2014 (2013: akta notaris Syarifah Chozie,S.H., No. 9 tanggal 20 Juni 2013), susunan Dewan Komisaris danDireksi pada tanggal 31 Desember 2014 dan 2013 adalah sebagaiberikut:

Based on Annual General Shareholder Meeting, which have stated bynotarial deed No. 33, dated June 23, 2014 of Syarifah Chozie, S.H.,MH, (2013: notarial deed No. 9, dated June 20, 2013 of SyarifahChozie, S.H., MH). the composition of the Entity’s Board ofCommissioners and Directors as of December 31, 2014 and 2013 areas follows:

7



INFORMASI UMUM (Lanjutan)

d. Entitas Anak yang Dikonsolidasi d. Consolidated Subsidiaries

PT Jasaricky Abadi Medan Distribusi/Distribution

PT Ricky Jaya Sakti Surabaya Distribusi/Distribution

PT Ricky Musi Wijaya Palembang Distribusi/Distribution

PT Ricky Mumbul Daya Semarang Distribusi/Distribution

PT Ricky Arta Jaya Bandung Distribusi/Distribution

PT Ricky Hansen Cemerlang Jakarta Distribusi/Distribution

PT Ricky Tekstil Indonesia Bogor Distribusi/Distribution

PT Ricky Garmen Exportindo Bogor Industri/Manufacturing

PT RT Mahkota Globalindo Bogor Distribusi/Distribution

PT Ricky Gunze Bogor Distribusi/Distribution

PT Ricky Sportindo Bogor Distribusi/Distribution

PT Ricky Citra Rasa Jakarta Restoran/Restaurant

Ricky Putra Globalindo Vietnam Distribusi/Vietnam Co., Ltd Distribution

PT Ricky Kobayashi Jakarta Distribusi/Distribution

• •

• •

5,178,027,060

60,00

90,00

80,00

65,00

90,00

2,255,468,809 –

2011

2012

2013

2013

2013

2013

2014

1,998,324,717

11,615,182,297

34,180,543,667

Pada tanggal 2 Pebruari 2012, Entitas mendirikan EntitasAnak, PT Ricky Garmen Exportindo dengan kepemilikanlangsung sebesar 90% sesuai dengan akta notaris No. 16 dariDesman, S.H., M.Hum, M.M. Akta pendirian tersebut telahdisahkan oleh Menteri Hukum dan Hak Asasi ManusiaRepublik Indonesia dengan Surat Keputusan No.3961.AH.01.01.Tahun 2012 tanggal 9 Maret 2012.

Pada tanggal 17 Desember 2012, Entitas mendirikan AnakEntitas, PT RT Mahkota Globalindo dengan kepemilikanlangsung sebesar 80% sesuai dengan akta notaris No. 52 dariDesman, S.H., M.Hum, M.M. Akta pendirian tersebut telahdisahkan oleh Menteri Hukumdan Hak Asasi ManusiaRepublik Indonesia dengan Surat Keputusan No. AHU-08975.AH.01.01.Tahun 2013 tanggal 26 Pebruari 2013.

100,00

22,659,464,158

18,221,802,192

80,00

2014 51,00 – 10,545,123,698 –

18,039,627,95029,621,504,66451,00

99,80

80,00

–

80,00

90,00

60,00

52,00

65,00

75,00

2,571,942,903

64,289,146,698

48,201,538,70998,131,927,628

68,622,550,723

50,593,636,997

18,861,667,285

2,804,057,879

OwnershipPercentage ofKepemilikan/

19,316,538,048

24,640,251,53390,00

TahunOperasi/Start of

Operation

1995

1996

1997

1997

1997

2010

99,80

51,00

99,80

2013%

99,92

95,00

99,80 16,324,254,889

25,035,559,29924,724,147,654

18,657,434,751

95,00

2 0 1 4Rp

Domicile

Persentase

Total Assets Before EliminationTotal Aset Sebelum Eliminasi/

2014

Jenis Usaha/Nature ofDomisili/

Pada tanggal 31 Desember 2014 dan 2013, Entitas Anak yangdikonsolidasiankan dengan persentase kepemilikan secaralangsung lebih dari 50% adalah sebagai berikut:

The Entity’s direct ownership interests of more than 50% in theshares of subsidiaries as of December 31, 2014 and 2013, are asfollows:

2 0 1 3BusinessSubsidiariesEntitas Anak/

%

99,92 15,883,500,299

Rp

16,641,934,245

1. 1. GENERAL (Continued)

On February 2, 2012, the Entity established a new Subsidiary, PTRicky Garmen Exportindo, with the percentage of directownership of 90%, based on notarial deed No. 16 of Desman,S.H., M.Hum, M.M. The deed of establishment was approved bythe Minister of Law and Human Rights of the Republic ofIndonesia in Decision Letter No. AHU-13961.AH.01.01.Tahun2012 dated March 9, 2012.

On December 17, 2012, the Entity established a new Subsidiary,PT RT Mahkota Globalindo, with the percentage of directownership of 80% based on notarial deed No. 52 of Desman,S.H., M.Hum, M.M. The deed of establishment was approved bythe Minister of Law and Human Rights of the Republic ofIndonesia in Decision Letter No. AHU-08975.AH.01.01.Tahun2013 dated February 26, 2013.

8



INFORMASI UMUM (Lanjutan)

d. Entitas Anak yang Dikonsolidasi (Lanjutan) d. Consolidated Subsidiaries (Continued)

• •

• •

• •

• •

e. Persetujuan Penerbitan Laporan Keuangan Konsolidasian e. Authorization to Issue the Consolidated Financial Statements

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

a. Dasar Penyusunan Laporan Keuangan Konsolidasian a.

1.

IKHTISAR KEBIJAKAN AKUNTANSI PENTING

The consolidated financial statements have been prepared inaccordance with the Indonesian Financial Accounting Standards andthe Decree of the Chairman of Bapepam-LK No. VIII.G.7, regardingthe Presentation and Disclousures of Financial Statements of Issuersor Public Companies and enclosed in Decision Letter No. KEP-347/BL/2012, dated June 25, 2012.

Basis for Preparation of the Consolidated Financial Statement

Pada tanggal 5 Maret 2013, Entitas mendirikan Anak Entitas,PT Ricky Gunze dengan kepemilikan langsung sebesar 65%sesuai dengan akta notaris No. 19 dari Desman, S.H., M.Hum,M.M. Akta pendirian tersebut telah disahkan oleh MenteriHukum dan Hak Asasi Manusia Republik Indonesia denganSurat Keputusan No. AHU-16522.AH.01.01.Tahun 2013tanggal 2 April 2013.

Pada tanggal 26 Agustus 2013, Entitas mendirikan AnakEntitas, PT Ricky Putra Globalindo Vietnam, Co., Ltd dengankepemilikan langsung sebesar 100% . Pendirian tersebut telahdisahkan oleh Departemen Perencanaan dan Investasi Ho ChiMinh City No. 411943002324 tanggal 3 September 2013.

On August 26, 2013, The Entity established a new Subsidiary, PTPutra Globalindo Vietnam Co. Ltd, with the percentage of directownership of 100%, based on Department of Planing andInvestment Ho Chi Minh City with Certification No.411943002324 dated September 3, 2013.

GENERAL (Continued)

Pada tanggal 2 Juli 2013, Entitas mendirikan Anak Entitas, PTRicky Citra Rasa dengan kepemilikan langsung sebesar 80%sesuai dengan akta notaris No. 9 dari Desman, S.H., M.Hum,M.M. Akta pendirian tersebut telah disahkan oleh MenteriHukum dan Hak Asasi Manusia Republik Indonesia denganSurat Keputusan No.AHU-48066.AH.01.01.Tahun 2013tanggal 12 September 2013.

Laporan keuangan konsolidasian PT Ricky Putra Globalindo Tbkdan Entitas Anak diselesaikan dan mendapat persetujuan untukditerbitkan dari manajemen Entitas pada tanggal 25 Maret 2015.

The consolidated financial statements of PT Ricky Putra Globalindoand Subsidiaries were completed and authorized for issuance by theEntity's management on March 25, 2015.

Pada tanggal 5 Pebruari 2013, Entitas mendirikan AnakEntitas, PT Ricky Sportindo dengan kepemilikan langsungsebesar 75% sesuai dengan akta notaris No. 27 dari Desman,S.H., M.Hum, M.M. Akta pendirian tersebut telah disahkanoleh Menteri Hukum dan Hak Asasi Manusia RepublikIndonesia dengan Surat Keputusan No. AHU-16194.AH.01.01.Tahun 2013 tanggal 28 Maret 2013.

Laporan keuangan konsolidasian ini telah disusun sesuai denganStandar Akuntansi Keuangan di Indonesia dan Keputusan KetuaBapepam-LK No. VIII.G.7 tentang Penyajian dan PengungkapanLaporan Keuangan Emiten atau Perusahaan Publik, yang terlampirdalam Surat Keputusan No. Kep-347/BL/2012, tertanggal 25 Juni2012.

2.

1.

2.

On February 5, 2013, the Entity established a new Subsidiary, PTRicky Sportindo, with the percentage of direct ownership of75%, based on notarial deed No. 27 of Desman, S.H., M.Hum,M.M. The deed of establishment was approved by the Ministerof Law and Human Rights of the Republic of Indonesia inDecision Letter No. AHU-16194.AH.01.01.Tahun 2013 datedMarch 28, 2013.

On July 2, 2013, The Entity established a new Subsidiary, PTRicky Citra Rasa, with the percentage of direct ownership of80%, based on notarial deed No. 9 of Desman, S.H., M.Hum,M.M. The deed of establishment was approved by the Ministerof Law and Human Rights of the Republic of Indonesia inDecision Letter No. AHU-48066.AH.01.01.Tahun 2013 datedSeptember 12, 2013.

Kebijakan akuntansi utama yang diterapkan dalam penyusunan laporankeuangan konsolidasian adalah seperti dijabarkan di bawah ini:

The significant accounting policies adopted in the preparation theconsolidated financial statements are set out below:

On March 5, 2013, the Entity established a new Subsidiary, PTRicky Gunze, with the percentage of direct ownership of 65%based on notarial deed No. 19 dari Desman, S.H., M.Hum, M.M.The deed of establishment was approved by the Minister of Lawand Human Rights of the Republic of Indonesia in DecisionLetter No. AHU-16522.AH.01.01.Tahun 2013 dated April 2,2013.

9



a. a.

b. Standar Akuntansi Baru beserta Revisi b. New and Revised Accounting Standards

• PSAK No. 1, (Revisi 2013) “Penyajian Laporan Keuangan” •

• PSAK No. 4 (Revisi 2013), “Laporan Keuangan Tersendiri” • SFAS No. 4 (Revised 2013), “Separate Financial Statements”• •

• • SFAS No. 24 (Revised 2013), “Employee Benefits” • PSAK No. 46 (Revisi 2014), “Pajak Penghasilan” • SFAS No. 46 (Revised 2014), “Income Tax” • PSAK No. 48 (Revisi 2014), “Penurunan Nilai Aset” • SFAS No. 48 (Revised 2014), "Impairment of Asset"• PSAK 50 (revisi 2014) “Instrumen Keuangan: Penyajian” *) • SFAS 50 (revised 2014) “Financial instrument : Presenta on”• •

• •

• • SFAS 65 “Interim Consolidated Financial Statements”• • SFAS No. 66, “Joint Arrangements” • • SFAS No. 67 “Disclosure of Interests in Other Entities”

• PSAK No. 68, “Pengukuran Nilai Wajar” *) • SFAS No. 68, “Fair Value Measurement”

c Prinsip-prinsip Konsolidasian c Principles of Consolidation

2. IKHTISAR KEBIJAKAN AKUNTANSI PENTING (Lanjutan) 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

PSAK No. 55 (Revisi 2014), “Instrumen Keuangan: Pengakuandan Pengukuran”

SFAS No. 55 (Revised 2014), “Financial Instrument: Recognitionand Measurement”

The consolidated statements of cash flows are prepared using thedirect method, by classified into operating, investing and financingactivities.

Laporan keuangan konsolidasian meliputi laporan keuanganEntitas dan Entitas Anak dengan pemilikan lebih dari 50% baiklangsung maupun tidak langsung dan/atau mempunyai hak untukmengatur dan mengendalikan kebijakan manajemen sertaoperasional Entitas Anak. Saldo dan transaksi termasukkeuntungan/kerugian yang belum direalisasi atas transaksi antarEntitas dan Entitas Anak dieliminasi untuk mencerminkan posisikeuangan dan hasil usaha Entitas dan Entitas Anak sebagai satukesatuan usaha.

Pada saat penerbitan laporan keuangan konsolidasian, Entitas danEntitas Anak masih mempelajari dampak yang mungkin timbul daripenerapan PSAK baru dan revisi tersebut serta pengaruhnya padalaporan keuangan konsolidasian Entitas dan Entitas Anak.

As at the authorisation date of these consolidated financialstatements, the Entity and its Subsidiaries are still evaluating thepotential impact of these new and revised SFAS to the Entity and itsSubsidiaries consolidated financial statements.

Laporan keuangan konsolidasian disusun berdasarkan konsepharga perolehan (historical cost ) menggunakan dasar akrual,kecuali untuk laporan arus kas. Beberapa akun disajikan denganpengukuran lain sebagaimana dijelaskan dalam kebijakanakuntansi masing-masing akun tersebut.

SFAS No. 1 (Revised 2013), “Presentation of Financial Statements”

The consolidated financial statements, except for statements of cashflows, have been prepared on accrual basis and using the historicalcost basis of accounting, except for certain accounts which aremeasured on the other basis as described in each related accountingpolicy.

SFAS No. 60 (Revised 2014), “Financial Instrument: Disclosures”PSAK No. 60 (Revisi 2014), “Instrumen Keuangan:Pengungkapan”

SFAS No. 15 (Revised 2013) “Investment in Associates and JointVentures”

PSAK No. 24 (Revisi 2013), “Imbalan Kerja”

Standar baru, revisi dan intepretasi yang telah diterbitkan yangrelevan terhadap kegiatan operasional Entitas, dan akan efektifuntuk tahun buku yang dimulai pada atau setelah tanggal 1 Januari2015 adalah sebagai berikut:

New standards, amendments and interpretations issued which arerelevant to the Entity's operations, and will be effective for thefinancial year beginning January 1, 2015 are as follows:

PSAK No. 65 “Laporan Keuangan Interim Konsolidasian”

PSAK No. 15 (Revisi 2013), “Investasi pada Entitas Asosiasi danVentura Bersama”

Laporan arus kas konsolidasian disusun dengan menggunakanmetode langsung dengan mengelompokkan arus kas dalamaktivitas operasi, investasi dan pendanaan.

Dasar Penyusunan Laporan Keuangan Konsolidasian (Lanjutan) Basis for Preparation of the Consolidated Financial Statement(Continued)

The consolidated financial statements include the financialstatements of the Entity and its subsidiaries wherein the Entity hasdirect or indirect ownership interest of more than 50% and/or has aright to arrange and control the subsidiaries’ managements’ policyand operations. Inter entity balances and transactions includingunrealized gains (losses) on inter entity transactions are eliminatedto reflect the financial position and results of operations of the Entityand its Subsidiaries as one business entity.

PSAK No. 67 “Pengungkapan Kepentingan dalam Entitas lain”PSAK No. 66, “Pengaturan Bersama”

10



c Prinsip-prinsip Konsolidasian (Lanjutan) c Principles of Consolidation (Continued)

d. Transaksi dengan Pihak-pihak Berelasi d. Transactions with Related Parties

(a) (a)

(i)

(ii)(iii)

(b) (b)

(i)

(ii) (ii)

(iii) (iii)

(iv) (iv)

(v) (v)

(vi) (vi)

memiliki pengendalian atau pengendalian bersama atasentitas pelapor;memiliki pengaruh signifikan atas entitas pelapor; ataumemiliki pengendalian atau pengendalian bersama atasentitas pelapor.

Entitas dan entitas pelapor adalah anggota darikelompok usaha yang sama (artinya entitas induk,entitas anak, dan entitas anak berikutnya terkait denganentitas lain);Satu entitas adalah entitas asosiasi atau venturabersama dari entitas lain (atau entitas asosiasi atauventura bersama) yang merupakan anggota suatukelompok usaha, yang mana entitas lain tersebut adalahanggotanya; Kedua entitas tersebut adalah ventura bersama daripihak ketiga yang sama;

has control or joint control over the reporting entity;

Kepentingan nonpengendali merupakan bagian atas laba atau rugientitas anak yang diatribusikan kepada pemilikan ekuitas EntitasAnak yang tidak dimiliki secara langsung atau tidak langsung olehEntitas yang disajikan di dalam laporan laba rugi komprehensifkonsolidasian dan sebagai bagian dari ekuitas di dalam laporanposisi keuangan konsolidasian yang terpisah dari ekuitas pemilikentitas induk.

Kerugian Entitas Anak yang tidak dimiliki secara penuhdiatribusikan pada "Kepentingan Nonpengendali", bahkan jika halini mengakibatkan kepentingan nonpengendali mempunyai saldodefisit.

Orang atau anggota keluarga terdekat mempunyai relasidengan entitas pelapor jika orang tersebut:

(i)

Losses of a non-wholly owned Subsidiary are attributed to the NonControlling Interest, even if that results in a deficit balance.

(i)

(iii)(ii)

Based on Statement of Financial Accounting Standards No. 7(Revised 2010) “Related Parties”, related party represents a personor an entity who is related to the reporting entity:

Non-controlling interests represent the non-controlling stockholders’proportionate share in the net income and equity of the subsidiarieswhich are not wholly owned, which is presented based on thepercentage of ownership of the non-controlling stockholders in thesubsidiaries.

Berdasarkan PSAK No. 7 (Revisi 2010), "Pengungkapan Pihak-pihakBerelasi", pihak-pihak berelasi adalah orang atau entitas yangterkait dengan entitas pelapor:

Entitas Anak dikonsolidasi sejak tanggal akuisisi, yaitu dimanaEntitas memperoleh pengendalian, dan diakhiri sampai dengantanggal Entitas kehilangan pengendalian. Pengendalian dianggapada ketika Entitas memiliki secara langsung atau tidak langsungmelalui Entitas Anak, lebih dari setengah kekuasaan suara entitas.

When an entity either began or ceased to be controlled during theyear, the results of operations of that entity are included in theconsolidated financial statements only from the date that the controlcommenced up to the date that the control ceased.

2. IKHTISAR KEBIJAKAN AKUNTANSI PENTING (Lanjutan) 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Satu entitas adalah ventura bersama dari entitas ketigadan entitas yang lain adalah entitas asosiasi dari entitasketiga;Entitas tersebut adalah suatu program imbalanpascakerja untuk imbalan kerja dari salah satu entitaspelapor atau entitas yang terkait dengan entitas pelapor.Jika entitas pelapor adalah entitas yangmenyelenggarakan program tersebut, maka entitassponsor juga berelasi dengan entitas pelapor;

Suatu entitas berelasi dengan entitas pelapor jika memenuhisalah satu hal berikut:

Both entities are joint ventures of the same third party;

One entity is a joint venture of a third entity and the otherentity is an associate of the third entity;

The entity is a post-employment benefit plan for thebenefit of employees of either the reporting entity or anentity related to the reporting entity. If the reporting entityis itself such a plan, the sponsoring employers are alsorelated to the reporting entity;

The entity is controlled or jointly controlled by a personidentified in (a);

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

has significant influence over the reporting entity; oris a member of the key management personnel of thereporting entity or of a parent of the reporting entity.

An entity is related to a reporting entity if any of the followingconditions applies:

The entity and the reporting entity are members of thesame group (which means that each parent, subsidiary andfellow subsidiary is related to the others);

Entitas yang dikendalikan atau dikendalikan bersamaoleh orang yang diidentifikasi dalam poin (a);

One entity is an associate or joint venture of the otherentity (or an associate or joint venture of a member of agroup of which the other entity is a member);

11



d. Transaksi dengan Pihak-pihak Berelasi (Lanjutan) d. Transactions with Related Parties (Continued)

(vii) (vii)(vii)

e. Penjabaran Mata Uang Asing e. Foreign Currency Translation

Mata uang Fungsional dan Penyajian Functional and Presentation Currency

Transaksi dan Saldo Transactions and Balances

1 Dolar Amerika Serikat United States Dollar (USS) 1

1 Dolar Singapura Singapore Dollar 1

1 Euro Euro 1

Entitas Asing Foreign Entities

15,133.27

(1) (1)

Akun-akun yang tercakup dalam laporan keuangan setiapEntitas dan Entitas Anak diukur menggunakan mata uangyang sesuai dengan lingkungan ekonomi utama di manaEntitas beroperasi (“mata uang fungsional”).

Items included in the financial statements of each of the Entityand its Subsidiaires are measured using the currency of theprimary economic environment in which the entity operates (the “functional currency”).

Laporan keuangan konsolidasian disajikan dalam Rupiah,yang merupakan mata uang fungsional dan penyajian Entitas.

(a) (a)Aset dan liabilitas yang disajikan pada laporan posisikeuangan konsolidasikan, dijabarkan pada kurs penutuptanggal laporan posisi keuangan konsolidasian tersebut;

The assets and liabilities presented in the consolidatedstatement of financial position are traslated at the closingrate at the date of that consolidated statement of financialposition;

Exchange gains and losses arising on transactions in foreigncurrency and on the translation of foreign currency of monetaryassets and liabilities are recognised in the consolidatedstatements of comprehensive income.

(2)

16,821.44

The consolidated financial statements are presented in Rupiah,which is the functional and presentation currency of the Entity.

Rp

(3)

Kurs yang digunakan pada tanggal laporan posisi keuangankonsolidasian, berdasarkan kurs tengah yang diterbitkan olehbank Indonesia, adalah sebagai berikut:

Exchange rates used at the consolidated statement of financialposition dates, based on the middle rates published by BankIndonesia, were as follows:

(3)

Transactions denominated in a foreign currency are convertedinto Rupiah at the exchange rate prevailing at the date of thetransaction. Monetary assets and liabilities in foreign currenciesare translated into Rupiah at the exchange rates prevailing atthe end of the reporting period.

Keuntungan dan kerugian selisih kurs yang timbul daritransaksi dalam mata uang asing dan dari penjabaran asetdan liabilitas moneter dalam mata uang asing, diakui padalaporan laba rugi komprehensif konsolidasian.

Hasil usaha operasi dan posisi keuangan dari Entitas Anakyang memiliki mata uang fungsional yang berbeda denganmata uang penyajian Entitas, ditranslasikan dalam mata uangpenyajian Entitas sebagai berikut:

A person identified in (a)(i) has significant influence overthe entity or is a member of the key managementpersonnel of the entity (or of a parent of the entity).

2.

11,616.88

2.

12,189.00

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

The results of the operations and financial position ofSubsidiaries, that have a functional currency which is differentfrom the Entity's presentation currency are translated into theEntity's prensentation currency as follows:

Rp

(2)

Transaksi dalam mata uang asing dijabarkan ke dalam matauang Rupiah dengan menggunakan kurs yang berlaku padatanggal transaksi. Aset dan liabilitas moneter dalam matauang asing dijabarkan ke dalam mata uang Rupiah dengankurs yang berlaku pada akhir periode pelaporan.

IKHTISAR KEBIJAKAN AKUNTANSI PENTING (Lanjutan)

Orang yang diidentifikasi dalam poin (a)(i) memilikipengaruh signifikan atas entitas atau personilmanajemen kunci entitas (atau entitas induk darientitas).

12,440.009,422.11

2 0 1 4 2 0 1 3

12



IKHTISAR KEBIJAKAN AKUNTANSI PENTING (Lanjutan) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

e. Penjabaran Mata Uang Asing (Lanjutan) e. Foreign Currency Translation (Continued)

f. Kas dan Setara Kas f.

g. Piutang Usaha g. Accounts Receivable

h. Persediaan h. Inventories

Penyisihan untuk persediaan usang dan lambat bergerakditentukan berdasarkan estimasi penggunaan atau penjualanmasing-masing jenis persediaan pada masa mendatang.

Time deposits, which are restricted in use, are classified andpresented in the consolidated statement of financial position as non-current asset under "Restricted cash and time deposits", and timedeposit shich maturity date more than three months since itsplacement are classified as shoet-tem investment.

Penghasilan dan beban untuk setiap laba rugi dijabarkanmenggunakan kurs rata-rata (kecuali jika rata-ratatersebut bukan perkiraan wajar efek kumulatif kurs yangberlaku pada tanggal transaksi, maka penghasilan danbeban dijabarkan kurs tanggal transaksi); dan

(a)

Provision for obsolete and slow moving inventory is determined onthe basis of estimated future usage or sale of individual inventoryitems.

Kas terdiri dari kas dan bank. Setara kas adalah semua investasiyang bersifat jangka pendek dan sangat likuid, yang dapat segeradikonversikan menjadi kas dengan jangka waktu jatuh tempo 3(tiga) bulan atau kurang sejak tanggal penempatannya, yang tidakdijaminkan serta tidak dibatasi penggunaannya.

2.

Deposito berjangka yang jatuh temponya kurang dari tiga bulanpada saat penempatan namun dijaminkan, atau dibatasipencairannya, dan deposito berjangka yang jatuh temponya lebihdari tiga bulan pada saat penempatan disajikan sebagai investasijangka pendek, dan disajikan sebesar nilai nominal.

2.

Piutang usaha disajikan dalam nilai wajar awal, diukur dalam nilaiyang diamortisasi setelah dikurangi dengan penyisihan piutang taktertagih. Penyisihan piutang tak tertagih dibentuk berdasarkanevaluasi manajemen berdasarkan penelaahan atas kolektibilitassaldo piutang. Piutang dihapuskan pada saat piutang tersebutdipastikan tidak akan tertagih.

Accounts receivable are recognised initially at fair value andsubsequently measured at amortised cost, net of allowance fordoubtful accounts, based on a review of the collectibility ofoutstanding amounts. Accounts are written-off as bad debts duringthe period in which they are determined to be not collectible.

Barang jadi, bahan baku, barang dalam proses, dan persediaanmakanan dan minuman diakui sebesar nilai yang lebih rendahantara harga perolehan dan nilai realisasi bersih. Harga perolehanditentukan dengan menggunakan metode rata-rata bergerak.Harga perolehan barang jadi dan pekerjaan dalam proses terdiridari biaya bahan baku, tenaga kerja langsung, biaya-biayalangsung lainnya dan biaya overhead yang terkait dengan produksi(berdasarkan kapasitas operasi normal). Nilai realisasi bersihadalah estimasi harga penjualan dalam kegiatan usaha normaldikurangi estimasi biaya penyelesaian dan estimasi biayapenjualan.

Finished goods, raw materials and supplies, and work in progress arestated at the lower of cost or net realisable value. Cost is determinedusing the moving average method. The cost of finished goods andwork in progress comprises raw materials, direct labour, other directcosts and related production overheads (based on normal operatingcapacity). Net realisable value is the estimated selling price in theordinary course of business, less the estimated costs of completionand the estimated selling expenses.

Cash and cash equivalents includes cash on hand, on call depositsand other short term highly liquid investments with originalmaturities of three months or less, and are not used as guarantee orwith restriction in its use.

(b) The income and expenses for each profit and loss aretranslated at average exchange rates (unless this averageis not a reasonable approxiamtion of the cummulativeeffects of the rates prevailing on the transaction dates, inwhich case the income and expenses are translated at therate on the date of transactions); and

(c) Seluruh selisih kurs yang timbul diakui dalampendapatan komprehensif lainnya.

(a) All of the resulting exchange differences are recognized inother comprehensive income.

Cash and Cash Equivalents

13




i. Biaya Dibayar di Muka i.

j. Investasi j. Investment

Investasi pada Entitas Asosiasi Investment in Assosiate Entities

k Aset Tetap dan Penyusutan k Fixed Assets and Depreciation

Pemilikan Langsung Direct Acquisition

Nilai residu, estimasi umur ekonomis dan metode penyusutan asettetap ditelaah dan disesuaikan jika lebih tepat, pada setiap tanggalneraca, untuk memastikan bahwa nilai sisa, estimasi umurekonomis dan metode penyusutan tersebut telah mencerminkanmanfaat ekonomi yang diharapkan dari aset tersebut.

The residual values, useful lives and depreciation methods of fixedassets are reviewed and adjusted as appropriate, at each statementof financial position date, to ensure that they reflect the expectedeconomic benefits derived from these assets.

Entitas Asosiasi adalah semua entitas dimana Entitas dan EntitasAnak mempunyai pengaruh signifikan, tetapi tidak mengendalikan,pada umumnya mempunyai kepemilikan saham antara 20%sampai 50% hak suara. Investasi pada Entitas Asosiasi dicatatmenggunakan metode ekuitas dan pada awalnya diakui padaharga perolehan.

Associates are all entities over over which the Entity and itsSubsidiaries has significant influence but not control, generallyacEntitying a shareholding of between 20% and 50% of the votingrights. Investments in Associates are accounted for using the equitymethod of accounting and are initially recognised at cost.

Dengan metode ekuitas, investasi pada awalnya dicatat sebesarharga perolehan dan nilai tercatat ditambahkan atau dikurangiuntuk mengakui bagian Entitas dan Entitas Anak atas laba atau rugiEntitas investee atau bagian atas pergerakan pada nilai cadangansetelah tanggal akuisisi. Distribusi laba (kecuali dividen saham)yang diterima dari Entitas investee akan mengurangi nilai tercatatinvestasi. Bagian laba atau rugi Entitas dan Entitas Anak diakui didalam laporan laba rugi komprehensif konsolidasian dan bagiandari pergerakan pada cadangan setelah tanggal akuisisi diakui didalam pendapatan komprehensif lainnya.

Under equity method, investment is initially recorded at cost andincreased or decreased to recognized the Entity's and Subsidiaries'shares on profit or loss of investee or part of mutation of allowanceafter acqusition date. Profit distribution (except for share dividend)received from investee will decrease the carrying amount ofinvestment. Share in profit or loss of the Entity and Subsidiaries arerecognized in consolidated statements of comprehensive income andmovement in the allowance after acquisition date is recognized inother comprehensive income.

Aset tetap dinyatakan sebesar biaya perolehan (pengakuan awal)setelah dikurangi akumulasi penyusutan dan akumulasi penurunannilai aset. Biaya perolehan mencakup pengeluaran-pengeluaranyang dapat diatribusikan secara langsung untuk memperoleh asettersebut. Setelah pengakuan awal, aset tetap diukur dengan modelbiaya (cost model ).

Fixed assets are stated at cost (initial recognition), less accumulateddepreciation and impairment losses. Cost includes expendituresdirectly attributable to the acquisition of fixed assets. Subsequent toinitial recognition, fixed assets are measured using the cost model.

Biaya dibayar di muka dibebankan selama masa manfaat masing-masing biaya dengan menggunakan metode garis lurus.

Dividen yang akan diterima dari Entitas Asosiasi diakui sebagaipengurang jumlah tercatat investasi.

Dividend receivables from Associates are recognized as reductions inthe carrying amount of the investments.

Prepaid Expenses

2.2.

Prepaid expenses are amortized over their beneficial periods usingthe straight-line method.

14




k Aset Tetap dan Penyusutan (Lanjutan) k Fixed Assets and Depreciation (Continued)

Bangunan dan prasarana Buildings and infrastructure

Mesin MachineriesPeralatan kantor Office equipmentPeralatan pabrik Factory equipmentKendaraan Vehicles

Aset Tetap dalam Pembangunan Construction in Progress

l. Properti Investasi l. Investment Property

10 - 16

Aset tetap lainnya disusutkan dengan menggunakan metode garislurus berdasarkan estimasi umur manfaat masing-masing asettetap sebagai berikut:

55

Tanah dinyatakan pada harga perolehan dan tidak disusutkan.Biaya legal awal untuk mendapatkan hak legal diakui sebagaibagian biaya akuisisi tanah, biaya-biaya tersebut tidakdidepresiasikan.

Land is recorded at cost, and not depreciated. Initial legal cost toacquire legal right is recognized as a part of land acquisition, suchexpenses are not depreciated.

Beban perbaikan dan pemeliharaan dibebankan pada laporan labarugi konsolidasian periode/tahun berjalan; sedangkan renovasidan penambahan yang jumlahnya signifikan dan memperpanjangmasa manfaat dikapitalisasi ke aset tetap yang bersangkutan. Nilaitercatat serta akumulasi penyusutan atas aset tetap yang tidakdigunakan lagi atau yang dijual, dikeluarkan dari kelompok asettetap yang bersangkutan, dan keuntungan atau kerugian yangterjadi diakui dalam laporan laba rugi konsolidasian komprehensiftahun berjalan.

Normal repair and maintenance expenses are charged to the currentyear consolidated statement of comprehensive income; whilerenovation and betterments, which are significant and prolong theuseful life of the assets are capitalized to the respective assets. Thecarrying amount and the related accumulated depreciation of fixedassets which are not utilized anymore or sold, are removed from therelated group of assets, and the gains or losses are recognized in thecurrent year consolidated statement of comprehensive income.

Aset tetap dalam pembangunan dinyatakan sebesar biayaperolehan dan disajikan sebagai bagian dari aset tetap. Akumulasibiaya perolehan akan dipindahkan ke akun aset tetap yangbersangkutan pada saat aset tersebut telah selesai dikerjakan dansiap untuk digunakan sesuai dengan tujuan penggunaannya.Penyusutan mulai dibebankan sejak tanggal aset tersebut siapuntuk digunakan untuk tujuan penggunaannya.

Year

20

Fixed assets, except land, are depreciated using the straight-linemethod based on the estimated useful lives of the assets as follows:

Tahun/

Investment property consits of store building ,owned and not use forthe subsidiary entity, and recorded using cost model.

Properti investasi dinyatakan sebesar harga perolehan, dikurangiakumulasi penyusutan. Penyusutan bangunan dan prasaranadihitung dengan metode garis lurus, dengan taksiran masamanfaat ekonomis 20 tahun.

5

Apabila aset tetap tidak digunakan lagi atau dijual, maka nilaitercatat dan akumulasi penyusutannya dikeluarkan dari neraca,dan keuntungan atau kerugian yang terjadi diakui dalam laporanlaba rugi konsolidasian komprehensif tahun berjalan.

When fixed assets are retired or disposed of, their carrying valuesand the related accumulated depreciation are removed from thebalance sheet, and the resulting gains or losses are recognized in thecurrent year consolidated statement of comprehensive income.

Construction in progress is stated at historical cost and presented aspart of fixed assets. The accumulated costs are reclassified to theappropriate fixed asset account when the construction is completeand the asset is ready for its intended use. Depreciation is chargedfrom the date the asset is ready for its intended use.

Properti investasi terutama terdiri dari bangunan ruko yangdikuasai untuk kenaikan nilai dan tidak digunakan oleh EntitasAnak. Properti investasi dicatat dengan model biaya perolehan.

Investment property is stated at cost less accumulated depreciation.Depreciation is computed using the staright-line method, witheconomic useful life of 20 years.

2.2.

15




m. Aset Tidak Berwujud m. Intangible Assets

n. Sewa n. Leases

Sewa Operasi Operating Lease

Sewa Pembiayaan - Sebagai Lessee Financial Lease - As Lessee

Sewa-Menyewa Biasa – Lessor Operating lease-Lessor

Transaksi Jual dan Sewa-balik Sale and Leaseback Transactions

2. 2.

Acquired computer software licences are capitalised on the basis ofthe costs incurred to acquire and bring to use the specific software.These costs are amortized over their estimed useful lives (4) years

A lease is classified as a finance lease if it tranfers substantially allthe risks and rewards incidental to ownership of the leased assets.Such leases are capitalized at the inception of the lease at the fairvalue of the leased assets. Such leases are capitalized at theinception of the lease at the fair value of the leased property or, iflower, at the present value of minimum lease payments. Leasepayments are appropriated between the finance charges andreduction of the lease liability so as to achieve a constant rate ofinterest on the remaining balance of liability. Finance charges arecharged directly to the current operations .

Pembayaran sewa dalam sewa operasi diakui sebagai beban dalamlaporan laba rugi konsolidasian dengan dasar garis lurus (straight-line basis) selama masa sewa.

Payments made under operating leases are charged to theconsolidated statements of comprehensive income on a straight-linebasis over the period of the lease.

Aset yang disewagunausahakan melalui sewa-menyewa biasatermasuk dalam aset tetap di laporan posisi keuangankonsolidasian. Aset tersebut disusutkan selama estimasi masamanfaatnya seperti aset tetap lainnya yang sejenis. Pendapatansewa diakui berdasarkan metode garis lurus selama masa sewaguna usaha.

Assets are leased out under an operating lease, the asset is includedin the consolidated statements of financial position based on thenature of the asset. The assets are depreciated at their estimateduseful life . Lease income is recognised over the term of the lease ona straight-line basis.

Suatu sewa diklasifikasikan sebagai sewa pembiayaan jika sewatersebut mengalihkan secara substansial seluruh risiko danmanfaat yang terkait dengan kepemilikan aset. Lesseemengkapitalisasi sewa sebesar nilai wajar aset sewaan atausebesar nilai kini dari pembayaran sewa minimum, jika nilai kinilebih rendah dari nilai wajar. Pembayaran sewa minimum harusdipisahkan antara bagian yang merupakan beban keuangan danbagian yang merupakan pelunasan liabilitas, sedemikian rupasehingga menghasilkan suatu tingkat suku bunga periodik yangkonstan atas saldo liabilitas. Beban keuangan dibebankan langsungke operasi periode berjalan.

Transaksi jual dan sewa-balik harus diperlakukan sebagai 2 (dua)transaksi yang terpisah. Selisih lebih antara harga jual dan nilaitercatat aset harus diakui sebagai pendapatan tangguhan yangharus diamortisasi dengan dasar garis lurus selama masa sewa,dan dalam hal terjadi kerugian, harus diakui segera pada periodeberjalan apabila penyewaan kembali merupakan sewa guna usahapembiayaan atau keuntungan atau kerugian harus diakui segeraapabila penyewaan kembali merupakan sewa-menyewa biasa.

Sale and leaseback transactions should be treated as 2 (two)separate transactios. If the leaseback is a finance lease , the excessof sales proceeds over the carrying amount of the assets sold shouldbe recognized as deferred gain which should be amortized on astraight -line basis over the lease term or in case of loss incurred ,loss should be recognized in the current period. Gain or loss shouldbe recognized in the current period if the leaseback is an operatinglease.

Penentuan apakah dalam suatu perjanjian mengandung sewapembiayaan adalah berdasarkan isi dari perjanjian awal danapakah isi dari perjanjian tersebut bergantung dari kegunaan dariaset yang spesifik dan memiliki hak penuh atas aset tersebut. Sewayang tidak mengalihkan secara substansial seluruh risiko danmanfaat yang terkait dengan kepemilikan aset kepada pihakpenyewa diklasifikasikan sebagai sewa operasi.

Determination whether an arrangment is , or contains, a lease ismade based on the substance of the arrangment and assessment ofwhether fulfilment of the arrangement is dependent on the use of aspecific asset or assests, and the arrangement conveys a right to usethe assest. Leased in which a significant portion of the risks andrewards of ownership are retained by the lessor are classificied asoperating leases.

Aset tak berwujud merupakan kapitalisasi biaya piranti lunak, danjasa konsultasi dan biaya lain yang bisa diatribusikan secaralangsung sehubungan dengan pemutakhiran sistem teknologiinformasi Entitas. Biaya ini diamortisasi selama estimasi masamanfaatnya yaitu 4 tahun.

16




o. Penurunan Nilai Aset Non-Keuangan o. Impairment of Non-Financial Assets

p. Kombinasi Bisnis Entitas Sepengendali p. Business Combinations on Entities under Common Control

q. Biaya Emisi Saham q. Stock Issuance Costs

r. Pengakuan Pendapatan dan Beban r. Revenue and Expense Recognition

Beban diakui pada saat terjadinya (accrual basis ).

s. Pajak Penghasilan s. Income Tax

2. 2.

Entitas dan Entitas Anak mengakui rugi penurunan nilai asetapabila taksiran jumlah yang dapat diperoleh kembali (recoverableamount) dari suatu aset lebih rendah dari nilai tercatatnya. Padasetiap tanggal laporan posisi keuangan, Entitas dan Entitas Anakmelakukan penelaahan untuk menentukan apakah terdapatindikasi pemulihan penurunan nilai. Pemulihan penurunan nilaidiakui sebagai laba konsolidasian pada periode terjadinyapemulihan.

Entity and its Subsidiaries recognizes loss on impairment assetswhenever carrying amount may not be recoverable. at eachstatement of financial position date, Entity and its Subsidiariesreview to determine for possible reversal. Reversal on impaiment lossfor assets are recognized as consolidated income at the date atwhich the impairment was reversed.

Selisih antara harga konsiderasi yang diterima dengan nilaiterbawa setiap transaksi restrukturisasi entitas sepengendalidibukukan sebagai bagian “Tambahan Modal Disetor” padabagian ekuitas di laporan posisi keuangan konsolidasian.

The difference between the consideration reviewed and the carryingvalue of each restructuring transactions among entities undercommon control is recorded as part of additional paid-in captal in theequity section of the consolidated statement of financial position.

Biaya emisi saham dikurangkan dari akun Tambahan ModalDisetor dalam laporan posisi keuangan konsolidasian.

The costs incurred during the stock issuance are deducted directlyfrom the Additional Paid-in Capital account in the consolidatedstatement of financial position.

Pendapatan dari penjualan barang putus di pasar lokal diakui padasaat penyerahan barang kepada pelanggan; Penjualan ekspordiakui pada saat penyerahan barang di atas kapal di pelabuhanpengiriman.

Income tax expense comprises current and deferred tax. Income taxexpense is recognized in the consolidated statement of incomeexcept to the extent it relates to items recognized directly in theshareholders' equity, in which case it is recognized in shareholders'equity.

Beban pajak kini ditentukan berdasarkan taksiran laba kena pajakuntuk tahun yang bersangkutan yang dihitung berdasarkan tarifpajak yang berlaku, atau yang secara substansial telah berlakupada tanggal laporan posisi keuangan konsolidasian.

Current tax is the expected tax payable on the taxable income for theyear, using tax rates enacted or substantively enacted at theconsolidated statement of financial position date.

Transaksi kombinasi bisnis antar entitas sepengendali dicatatmenggunakan metode penyatuan kepemilikan.

Local sales are recognized when the goods are delivered tocustomers; Export sales are recognized when the goods are deliveredon board (FOB Shipping Point).

Business combination on entities under common control areaccounted for using pooling of-interest method.

Penjualan dari penjualan makanan dan minuman diakuiberdasarkan penerimaan yang dicatat oleh POS register.

Sales of food and beverage are recogized based on the revenuerecorded by POS Register.

Expense are recognized when they are incurred (accrual basis).

Beban pajak terdiri dari beban pajak kini dan beban pajaktangguhan. Beban pajak diakui pada laporan laba rugikonsolidasian kecuali untuk item yang langsung diakui di ekuitas,dimana beban pajak yang terkait dengan item tersebut diakui diekuitas.

17




s. Pajak Penghasilan (Lanjutan) s. Income Tax (Continued)

t. Informasi Segmen t. Segmen Information

u. Imbalan Pasca Kerja u. Post-Employment Benefits

2. 2.

Amendments to taxation obligations are recorded when anassesment is received or, if appealed against, when the results of theappeal are determined.

Informasi segmen disusun sesuai dengan kebijakan akuntansi yangdianut dalam penyusunan dan penyajian laporan keuangankonsolidasian. Bentuk primer pelaporan segmen adalah segmenusaha sedangkan segmen sekunder adalah segmen geografis.

Entitas dan Entitas Anak mengakui liabilitas imbalan pasca kerjasecara pasti untuk karyawan sesuai dengan Undang UndangKetenagakerjaan No. 13/2003. Tidak terdapat pendanaan yangdisisihkan oleh Entitas dan Entitas Anak sehubungan denganimbalan pasca kerja ini. Perhitungan liabilitas imbalan pasca kerjamenggunakan metode Projected Unit Credit .

The Entity and subsidiaries recognize a provision for post-employment benefits to its employees in accordance with ManpowerLaw No.13/2003. The Entity and Susidiaries have not set aside fundrelated to the post-employment benefit.Post-employment benefitobligation was calculated using Projected Unit Credit method.

Segment information is prepared using the accounting policiesadopted for preparing and presenting the consolidated financialstatements. The primary format in reporting segment information isbased on business segment, while secondary segment is based ongeographical segment.

Segmen usaha adalah komponen Entitas yang dapat dibedakandalam menghasilkan suatu produk atau jasa (baik produk atau jasaindividual maupun kelompok produk atau jasa terkait) dankomponen itu memiliki risiko dan imbalan yang berbeda denganrisiko dan imbalan segmen lain.

A business segment is a distinguishable component of an enterprisethat is engaged in providing an individual product or service or agroup of related products or services and that is subject to risks andreturns that are different from those of other business segments.

Deferred tax is accounted for using the current tax tariff orsubstantially applicable at the statement of financial position date.

Amandemen terhadap liabilitas perpajakan dicatat pada saatditerimanya surat ketetapan atau apabila dilakukan banding,ketika hasil banding sudah diputuskan.

Segmen geografis adalah komponen Entitas yang dapat dibedakandalam menghasilkan produk atau jasa pada lingkungan (wilayah)ekonomi tertentu dan komponen itu memiliki risiko dan imbalanyang berbeda dengan risiko dan imbalan pada komponen yangberoperasi pada lingkungan (wilayah) ekonomi lain.

A geographical segment is a distinguihable component of anenterprise that is engaged in providing products or services within aparticular economic environment and that is subject to risks andreturns that are different from those of components operating inother economic environments.

Aset dan liabilitas yang digunakan bersama dalam satu segmenatau lebih dialokasikan kepada setiap segmen jika, dan hanya jika,pendapatan dan beban yang terkait dengan aset tersebut jugadialokasikan kepada segmen-segmen tersebut.

Assets and liabilities that relate jointly to two or more segments areallocated to their respective segments, if and only if, their relatedrevenues and expenses are also alloacted to those segments.

Aset dan liabilitas pajak tangguhan diakui atas konsekuensi pajakperiode mendatang yang timbul dari perbedaan jumlah tercatataset dan liabilitas menurut laporan keuangan konsolidasiandengan dasar pengenaan pajak aset dan liabilitas. Liabilitas pajaktangguhan diakui untuk semua perbedaan temporer kena pajakdan aset pajak tangguhan diakui untuk perbedaan temporer yangboleh dikurangkan, sepanjang besar kemungkinan dapatdimanfaatkan untuk mengurangi laba kena pajak pada masa yangakan datang.

Deferred tax assets and liabilities are recognized for the future taxconsequents attributable to differences between the consolidatedfinancial statement carrying amounts of existing assets andliabilities and their respective tax bases. Deferred tax liabilities arerecognized for all taxable temporary differences and deferred taxassets are recognized for deductible temporary differences to theextent that it is probable that taxable income will be available infuture periods against which the deductible temporary differencescan be utilized.

Pajak tangguhan diukur dengan menggunakan tarif pajak yangberlaku atau secara substansial telah berlaku pada tanggal laporanposisi keuangan konsolidasian.

18




u. Imbalan Pasca Kerja (Lanjutan) u. Post-Employment Benefits (Continued)

v. Laba per Saham Dasar v. Basic Earnings per Share

w. Aset Keuangan dan Liabilitas Keuangan w. Financial Assets and Financial Liabilities

Aset Keuangan Financial Assets

Financial assets at fair value throughprofit or loss

2. 2.

(i) (i)

Aset keuangan yang dinilai pada nilai wajar melalui laba ataurugi meliputi aset keuangan yang diklasifikasikan dalamkelompok diperdagangkan dan aset keuangan yang pada saatpengakuan awalnya telah ditetapkan untuk dinilai pada nilaiwajar melalui laba atau rugi.

Akumulasi keuntungan dan kerugian aktuarial bersih yang belumdiakui yang melebihi 10% dari nilai kini imbalan pasti diakuidengan metode garis lurus selama rata-rata sisa masa kerja yangdiprakirakan dari para pekerja dalam program tersebut. Biaya jasalalu dibebankan langsung apabila imbalan tersebut menjadi hakatau vested, dan sebaliknya akan diakui sebagai beban denganmetode garis lurus selama periode rata-rata sampai imbalantersebut menjadi vested .

The accumulated unrecognized actuarial gains and losses thatexceed 10% of the present value of the Entity's defined benefitobligations are recognized on a straight -line basis over the expectedaverage remaining working lives of the participating employees. Pastservice cost is recognized immediately to the extent that the benefitsare already vested, otherwise is amortized on a straight -line basisover the average period until the benefits become vested.

The Entity and Subsidiaries classify their financial assets into thefollowing categories: (i) financial assets at fair value through profit orloss, (ii) Loans and receivables and (iii) Held to-maturity (HTM)Investments. The classifications depends on the purpose for whichthe financial assets were acquired. Management determines theclassification of financial assets at initial recognition.

The post-employment benefit obligations recognized in the balancesheet represent the present value of the defined benefit obligations,as adjusted for unrecognized actuarial gains and losses andunrecognized past service cost.

Laba bersih per saham dasar dihitung dengan membagi laba bersihresidual dengan jumlah rata-rata tertimbang saham yang beredarpada tahun yang bersangkutan.

Basic earnings per share is calculated by dividing net income by theweighted average number of ordinary shares outstanding during thereporting period.

Financial assets at fair value through profit or loss includefinancial assets held for trading and financial assets designedupon initial recognition at fair value through profit or loss.

Aset keuangan diklasifikasikan sebagai kelompokdiperdagangkan jika diperoleh atau dimiliki untuk tujuandijual dalam waktu dekat. Aset derivatif juga diklasifikasikandalam kelompok diperdagangkan kecuali derivatif yangditetapkan sebagai instrumen lindung nilai. Aset keuanganyang dinilai pada nilai wajar melalui laba atau rugi dicatatdalam laporan posisi keuangan konsolidasian pada nilai wajardengan laba atau rugi diakui dalam laporan laba rugikomprehensif konsolidasian.

Financial assets are classified as held for trading if they areacquired for the purpose of selling in the near term. Dervativeassets are also classified as held for trading unless they aredesignated as effective hedging instruments. Financial assets atfair value through profit and loss are carried in the consolidatedstatement of financial position at fair value with gains or lossesrecognized in the consolidated balance sheet at fair value withgains or losses recognized in the statement of comprehensiveincome.

Entitas dan Entitas Anak tidak mempunyai aset keuanganyang dinilai pada nilai wajar melalui laba atau rugi.

There were no Entity and Subsidiaries' assets which haveclassified as financial assets at fair value through profit or loss.

Jumlah yang diakui sebagai liabilitas imbalan pasti di laporan posisikeuangan konsolidasian merupakan nilai kini liabilitas imbalanpasti disesuaikan dengan keuntungan dan kerugian aktuarial yangbelum diakui, dan biaya jasa lalu yang belum diakui.

Entitas dan Entitas Anak mengklasifikasikan aset keuangannyadalam kategori: (i) aset keuangan yang dinilai pada nilai wajarmelalui laba atau rugi, (ii) pinjaman yang diberikan dan piutangdan (iii) Investasi dimiliki hingga jatuh tempo. Klasifikasi initergantung dari tujuan perolehan aset keuagnan tersebut.Manajemen menentukan klasifikasi aset keuangan tersebut padaawal pengakuannya.

Aset keuangan yang dinilai pada nilai wajar melalui laba ataurugi

19




w. Aset Keuangan dan Liabilitas Keuangan (Lanjutan) w. Financial Assets and Financial Liabilities (Continued)

Pinjaman yang diberikan dan piutang Loans and Receivables

Investasi dimiliki hingga jatuh tempo Held to-maturity (HTM) Investments

Liabilitas Keuangan Financial Liabilities

Financial liabilities at fair value through profit or loss

2. 2.

Liabilitas keuangan yang diukur pada nilai wajar melalui labarugi adalah liabilitas keuangan yang diklasifikasikan dalamkelompok diperdagangkan.

(ii) (ii)

Financial liabilities at fair value through profit or loss arefinancial liabilities classified as held for trading.

Liabilitas keuangan diklasifikasikan dalam kelompokdiperdagangkan jika diperoleh atau dimiliki untuk tujuandijual atau dibeli kembali dalam waktu dekat. Liabilitasderivatif juga diklasifikasikan dalam kelompokdiperdagangkan kecuali derivatif yang ditetapkan sebagaiinstrumen lindung nilai yang efektif.

Financial liabilities are classified as held for trading if they areacquired for the purpose of selling or repurchasing in the nearterm. Derivative liabilities are also classified as held for tradingunless they are designated as effective hedging instruments.

(i)

Pinjaman yang diberikan dan piutang adalah aset keuangannon-derivatif dengan pembayaran tetap atau telahditentukan dan tidak mempunyai kuotasi di pasar aktif. Asetkeuangan tersebut dicatat pada biaya perolehan yangdiamortisasi menggunakan metode tingkat bunga efektif.Laba atau rugi diakui dalam laporan laba rugi komprehensifkonsolidasian pada saat pinjaman dan piutang dihentikanpengakuannya atau mengalami penurunan nilai, serta melaluiproses amortisasi.

Liabilitas keuangan yang diukur pada nilai wajar melalui labarugi

(i)

Aset keuangan non derivatif dengan pembayaran tetap atautelah ditentukan dan jatuh temponya telah ditetapkandiklasifikasi sebagai investasi dimiliki hingga jatuh tempo jikaEntitas mempunyai maksud dan kemampuan untuk memilikiaset keuangan tersebut hingga jatuh tempo. Setelahpengukuran awal, investasi dalam kelompok dimiliki hinggajatuh tempo diukur pada biaya perolehan yang diamortisasidengan menggunakan metode suku bunga efektif. Metode inimenggunakan suku bunga efektif untuk mendiskontopenerimaan kas di masa yang akan datang selama perkiraanumur aset keuangan menjadi nilai tercatat bersihnya. Labaatau rugi diakui pada laporan laba rugi komprehensifkonsolidasian ketika investasi dihentikan pengakuannya ataumengalami penurunan nilai, serta melalui proses amortisasi.

Non-derivative financial assets with fixed or determinablepayments and fixed maturities are classified as HTM when theEntity has the positive intention and ability to hold them tomaturity. After initial measurement, HTM investments aremeasured at amortized cost using the effective interest ratemethod. This method uses an effective interest rate that exactlydiscounts estimated future cash receipts through the expectedlife of the financial asset . Gains and losses are recognized in theconsolidated statement of comprehensive income when theinvestments are derecognized or impaired, as well as throughthe amortization process.

(iii)

Entitas dan Entitas Anak mengklasifikasikan liabilitas keuangannyadalam kategori: (i) liabilitas keuangan yang diukur pada nilai wajarmelalui laba rugi dan (ii) liabilitas keuangan yang diukur denganbiaya perolehan diamortisasi.

The Entity and Subsidiaries classify their financial liabilities into thefollowing categories: (i) financial liabilities at fair value through profitor loss, and (ii) financial liabilities measured at amortized cost.

Entitas dan Entitas Anak tidak mempunyai aset keuangantersedia untuk dijual.

Entitity and Subsidiaries has no any held-to-maturityinvestments.

Loans and receivables are non-derivative financial assets withfixed or determinable payments that are not quoted in an activemarket. Such financial assests are carried at amortized costusing the effective interest rate method. Gains and losses arerecognized in the statement of comprehensive income when theloans and receivables are derecognized or impaired, as well asthrough the amortization process.

Piutang usaha (Catatan 2g), piutang lain-lain dan asetkeuangan tidak lancar lainnya Entitas dan Entitas Anaktermasuk dalam kategori ini.

Account receivable (Note 2g), other receivable and refundabledeposits of the Entity are inluded in this category.

(iii)

20




w. Aset Keuangan dan Liabilitas Keuangan (Lanjutan) w. Financial Assets and Financial Liabilities (Continued)

Financial liabili es at measured atamor sed cost

x. Penggunaan Estimasi x. Use of Estimates

ESTIMASI DAN PENILAIAN AKUNTANSI YANG PENTING CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENT

Pertimbangan Judgements

Klasifikasi Aset Keuangan dan Liabilitas Keuangan Classification of Financial Assets and Financial Liabilities

2. 2.

Laba atau rugi atas liabilitas dalam kelompok diperdagangkanharus diakui dalam laporan laba rugi komprehensifkonsolidasian.

(ii) (ii)

Dalam penerapan kebijakan akuntansi Entitas dan Entitas Anak, sepertiyang diungkapkan dalam Catatan 2 pada laporan keuangankonsolidasian, manajemen harus membuat pertimbangan, estimasi danasumsi atas nilai tercatat aset dan liabilitas yang tidak tersedia olehsumber-sumber lain. Estimasi dan asumsi tersebut, berdasarkanpengalaman historis dan faktor lain yang dipertimbangkan relevan.

Gains and losses of financial liabilities categorised as held fortrading are presented in the consolidated statements ofcomprehensive income.

Tidak ada liabilitas Entitas dan Entitas Anak yangdiklasifikasikan sebagai liabilitas keuangan yang diukur padanilai wajar melalui laporan laba rugi komprehensifkonsolidasian.

Liabilitas keuangan yang diukur dengan biaya perolehandiamortisasi

Liabilitas keuangan yang tidak diklasifikasikan sebagailiabilitas keuangan yang diukur pada nilai wajar melaluilaporan laba rugi komprehensif konsolidasian dikategorikandan diukur pada biaya perolehan diamortisasi.

Financial liabilities which have not classified as financialliabilities at fair value through profit or loss are classified andcarried at amortized cost.

Financial liabilities carried at amortized cost consist of accountpayable, other payables, accrued expenses, short-term bankloans and long-term bank loan.

Liabilitas keuangan yang diukur pada biaya perolehandiamortisasi antara lain, pinjaman bank, hutang usaha danhutang lain-lain.

The following considerations are made by management in the applicationof accounting policies that have the most significant effect on theamounts recognized in the financial statements.

The Entitas and its Subsidiaries establish a classification of the assets andcertain liabilities as financial assets and financial liablities by consideringwhether the definitions set PSAK No.55 filled.Thus, financial assets andfinancial liabilities are recognized in Note 2w.

3.3.

Pertimbangan berikut ini dibuat oleh manajemen dalam rangkapenerapan kebijakan akuntansi yang memiliki pengaruh palingsignifikan atas jumlah yang diakui dalam laporan keuangankonsolidasian:

Entitas dan Entitas Anak menetapkan klasifikasi atas aset dan liabilitastertentu sebagai aset keuangan dan liabilitas keuangan denganmempertimbangkan apakah definisi yang ditetapkan PSAK No. 55dipenuhi. Dengan demikian, aset keuangan dan liabilitas keuangandiakui sesuai dengan kebijakan akuntansi seperti diungkapkan padaCatatan 2w.

In applying the Entity and its Subsidiaries' accounting policies, asdescribed in Note 2 to the financial statements, management must makejudgements, estimates and assumptions in the carrying value of assetsand liabilities that are not available by other sources. estimates andassumptions are based on historical experince and other factorsconsidered relevant.

Penyusunan laporan keuangan konsolidasian sesuai denganStandar Akuntansi Keuangan di Indonesia mengharuskanmanajemen untuk membuat estimasi dan asumsi yangmempengaruhi jumlah aset, liabilitas, pendapatan dan beban.Realisasi mungkin berbeda dengan jumlah yang diestimasi. Revisiestimasi akuntansi diakui dalam periode yang sama pada saatterjadinya revisi estimasi atau pada periode masa depan yangterkena dampak.

The preparation of consolidated financial statements in conformitywith the Indonesian Financial Accounting Standards requiresmanagement to make estimation and assumptions that affect thereported amounts of assets, liabilities, revenues , and expenses. Dueto inherent uncertainty in making estimates, actual results reportedin future periods might be based on amounts, which differ from those estimates. Any differences on the estimates and actual results ischarged or credited to current operations.

There were no Entity and Subsidiaries' liablilities which haveclassified as financial liablilities at fair value through profit orloss.

21



ESTIMASI DAN PENILAIAN AKUNTANSI YANG PENTING (Lanjutan) CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENT (Continued)

Estimasi dan Asumsi Estimates and Assumptions

a. Estimasi Masa Manfaat dan Penyusutan Aset Tetap a. Useful Lives and Depreciation of Fixed Assets

b. Liabilitas Imbalan Pasca Kerja b. Provision for Post-Employment Benefits Obligation

Penentuan liabilitas dan beban imbalan pasca kerja karyawanbergantung pada pemilihan asumsi yang digunakan oleh aktuarisindependen dalam menghitung jumlah-jumlah tersebut. Asumsitersebut termasuk, antara lain, tingkat diskonto, tingkat kenaikangaji tahunan, tingkat pengunduran diri karyawan tahunan, tingkatkecacatan, umur pensiun dan tingkat kematian. Sementaramanajemen berkeyakinan bahwa asumsi tersebut adalah wajardan sesuai, perbedaan signifikan pada hasil aktual atau perubahansignifikan dalam asumsi yang ditetapkan manajemen dapatmempengaruhi secara material liabilitas diestimasi atas pensiundan imbalan kerja dan beban imbalan kerja neto. Nilai tercatatatas estimasi liabilitas imbalan pasca kerja karyawan pada akhirperiode pelaporan diungkapkan dalam Catatan 22.

Asumsi utama masa depan dan sumber utama estimasi ketidakpastianlain pada akhir periode pelaporan yang memiliki risiko signifikan bagipenyesuaian yang material terhadap nilai tercatat aset dan liabilitasuntuk periode berikutnya, diungkapkan di bawah ini.

The Entity and Subsidiaries based on assumptions and estimates ofparameters available at time the consolidated financial statements areprepared. And assumptions about the future development of thesituation, may change due to market changes are refflected in the relatedassumptions at the time of accurance. With respect to the inherentuncertainty in making estimates, actual results reported in future periodsmay differ from the reported estimates.

The determination of the obligations and cost for provision for post-employment benefits is dependent on its selection of certainassumptions used by the independent actuaries in calculating suchamounts. Those assumptions include, among others, discount rates,annual salary increase rate, annual employee turn-over rate,disability rate, retirement age and mortality rate. While themanagement believes that its assumptions are reasonable andappropriate, significant differences in the actual results or significantchanges in the assumptions may materially affect its estimatedliabilities for post-employment benefits and net employee benefitsexpense. The carrying amount of the estimated liabilities for post-employment benefits at the end of reporting periods are disclosed inNote 22.

The key assumptions concerning the future and other key sources ofestimation uncertainty at the end of reporting period that have asignificant risk of causing a material adjusment to the carrying amounts ofassets and liabilities within the next financial period are disclosed below.

3.

Entitas dan Entitas Anak mendasarkan asumsi dan estimasi padaparameter yang tersedia pada saat laporan keuangan konsolidasiandisusun. Asumsi dan situasi mengenai perkembangan masa depan,mungkin berubah akibat perubahan pasar atau situasi diluar kendaliEntitas dan Entitas Anak. Perubahan tersebut tercermin dalam asumsiterkait pada saat terjadinya. Sehubungan dengan adanya ketidakpastianyang melekat dalam membuat estimasi, hasil aktual yang dilaporkan dimasa mendatang dapat berbeda dengan hasil estimasi yang dilaporkantersebut.

Biaya perolehan aset tetap disusutkan dengan menggunakanmetode garis lurus berdasarkan taksiran masa manfaatekonomisnya. Manajemen mengestimasi masa manfaat ekonomisaset tetap antara 5 tahun sampai dengan 20 tahun, yangmerupakan umur yang secara umum diharapkan dalam industriyang sama dan pengalaman aset yang sejenis. Perubahan tingkatpemakaian dan perkembangan teknologi dapat mempengaruhimasa manfaat ekonomis dan nilai sisa aset, dan karenanya biayapenyusutan masa depan mungkin direvisi. Nilai tercatat dan bebanpenyusutan aset tetap dijelaskan dalam Catatan 11.

3.

The costs of fixed assets are depreciated on a straight-line methodover the shorter of their estimated useful lives or mine life permits.Management properly estimates the useful lives of these fixed assetsto be within 5 to 20 years. These are common life expectanciesapplied in the coal mining industries. Changes in the expected level ofusage and technological development could impact the economicuseful lives and the residual values of these assets, and thereforefuture depreciation charges could be revised. The net carryingamount of the fixed assets and the related depreciation expenses aredisclosed in Note 11.

22



ESTIMASI DAN PENILAIAN AKUNTANSI YANG PENTING (Lanjutan) CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENT (Continued)

c. Nilai Wajar Aset dan Liabilitas Keuangan c. The Fair Value of Financial Assets and Liabilities

d. Aset Pajak Tangguhan d. Deferred Tax Assets

Standar Akuntansi Keuangan di Indonesia mensyaratkanpengukuran aset keuangan dan liabilitas keuangan tertentu padanilai wajarnya, dan penyajian ini mengharuskan penggunaanestimasi dan pertimbangan akuntansi. Komponen pengukuran nilaiwajar yang signifikan ditentukan berdasarkan bukti obyektif yangdapat diverifikasi (seperti nilai tukar, suku bunga), sedangkan saatdan besaran perubahan nilai wajar dapat menjadi berbeda karenapenggunaan metode penilaian yang berbeda. Nilai wajar asetkeuangan dan liabilitas keuangan diungkapkan pada Catatan 33.

Aset pajak tangguhan diakui untuk semua perbedaan temporerantara nilai tercatat aset dan liabilitas pada laporan keuangandengan dasar pengenaan pajak jika besar kemungkinan bahwajumlah laba kena pajak akan memadai untuk dikompensasi denganperbedaan temporer yang dapat digunakan. Estimasi manajemendiperlukan untuk menentukan total aset pajak tangguhan yangdapat diakui, berdasarkan kemungkinan terjadi dan besaran labakena pajak di masa mendatang serta strategi perencanaan pajakmasa depan. Pada tanggal 31 Desember 2013 dan 2012, saldo asetpajak tangguhan diungkapkan pada Catatan 17.

3. 3.

The Indonesian Financial Accounting Standards requires themeasurement of certain financial assets and financial liabilities attheir fair value, and this presentation requires accounting estimatesand judgement. The component of significant fair valuemeasurement are determined based on the objective evidenceswhich could be verified (such as exchange rate, interest rate),meanwhile time and amount could be differ duue to using thedifference method. The fair value of financial assets and financialliabilities are disclosed in Note 33.

Deferred tax assets are recognized for all deductible temporarydifferences to the extent that it is probable that taxable profit will beavailable against which the deductible temporary differences can beutilized. Significant management estimates are required todetermine the amount of deferred tax assets that can be recognized,based upon the likely timing and the level of future taxable profits,together with future tax planning strategies The balance of deferredtax assets are dislosed in Note 17.

23



KAS DAN SETARA KAS CASH AND CASH EQUIVALENTS

Kas Cash on handRupiah Rupiah

Bank: Cash in banksRupiah Rupiah

PT Bank Central Asia Tbk PT Bank Central Asia TbkPT Bank Muamalat Indonesia Tbk PT Bank Muamalat Indonesia TbkPT Bank Internasional Indonesia Tbk PT Bank Internasional Indonesia TbkPT Bank CIMB Niaga Tbk PT Bank CIMB Niaga Tbk PT Bank UOB Indonesia Tbk PT Bank UOB Indonesia TbkPT Bank OCBC NISP Tbk PT Bank OCBC NISP TbkPT Bank Rakyat Indonesia (Persero) Tbk PT Bank Rakyat Indonesia (Persero) TbkPT Bank Panin Tbk PT Bank Panin Tbk PT Bank Tabungan Pensiunan PT Bank Tabungan Pensiunan

Nasional Tbk Nasional TbkPT Bank Kosipa PT Bank Kosipa PT Bank Mandiri (Persero) Tbk PT Bank Mandiri (Persero) TbkPT Bank Negara Indonesia (Persero) Tbk PT Bank Negara Indonesia (Persero) Tbk

Dolar AS US DollarPT Bank Muamalat Indonesia Tbk PT Bank Muamalat Indonesia TbkPT Bank Internasional Indonesia Tbk PT Bank Internasional Indonesia TbkPT Bank HSBC PT Bank HSBCPT Bank Panin Tbk PT Bank Panin TbkPT Bank Negara Indonesia (Persero) Tbk PT Bank Negara Indonesia (Persero) TbkPT Bank Central Asia Tbk PT Bank Central Asia TbkPT Bank DBS Indonesia PT Bank DBS IndonesiaPT Bank OCBC NISP Tbk PT Bank OCBC NISP Tbk

Euro EuroCitibank N.A. Citibank N.A.

Dong DongVietcombank Vietcombank

Total bank Total cash in bank

Deposito berjangka Time depositRupiah

PT Bank CIMB Niaga Tbk PT Bank CIMB Niaga Tbk

Total Total

Tingkat bunga per tahun Interest rate per annumDeposito Time deposit

Rupiah Rupiah

9,667,488,751

39,032,451 −

536,388,313 1,755,952,947

19,696,749 24,531,703

91,844,893 91,528,542

The Entity and Subsidiaries placed their cash and cash equivalents bankshere cash to third parties.

− 708,308,452

348,129,054

4,069,897,518

4,982,969,740 3,326,540,786

2 0 1 4

445,482,075 891,926,928

13,318,892,281 31,365,344,734

2 0 1 3Rp

205,379,530

446,938,189 1,084,968,281

1,225,379,599 476,571,312

Seluruh kas dan setara kas Entitas dan Entitas Anak ditempatkan padapihak ketiga.

2,865,232,693

13,848,149

655,187,080

155,892,722

127,202,204 121,155,896 33,502,979 97,314,040 90,005,384 50,405,251

5% - 7.5% 5% - 7.25%

1,062,611,997 170,862,003 496,111,155

2,412,610,891 25,862,730

194,103,365

164,104,001

59,099,525,867

1,586,412,392

2,474,757,309

870,493,229

1,000,000,000 1,500,000,000

4.

Rupiah

34,162,176,926

36,748,589,318

4.

53,986,855,394

Rp

944,576,413

3,612,670,473

24



PIUTANG USAHA ACCOUNTS RECEIVABLE

Berdasarkan Nama Debitur By Debtors :

Pihak berelasi: Related parties:PT Uomo Donna Indonesia PT Uomo Donna IndonesiaPT Prima Karya Garmindo PT Prima Karya GarmindoCV Mitra Garmindo CV Mitra GarmindoPT Taitat Putra Rezeki PT Taitat Putra RezekiPT Putera Rejeki Garmindo PT Putera Rejeki GarmindoCV RR Lifestyle CV RR LifestyleToyo Knit Toyo KnitGunze Limited Apparel Company Gunze Limited Apparel CompanyPT Rajawali Mas Elastic PT Rajawali Mas ElasticPT Lancar Putra Abadi PT Lancar Putra AbadiPT Ricky Tanaka Shisyu PT Ricky Tanaka ShisyuPT Ricky Multi Karya PT Ricky Multi KaryaCV Mahkota Tunas Abadi CV Mahkota Tunas AbadiPT Ricky Global Solution PT Ricky Global Solution

Pihak ketiga:Pelanggan dalam negeri Local CustomerPelanggan luar negeri Foreign customer

Dikurangi: Deducted:Penyisihan piutang tak tertagih Allowance for doubtful accounts

Total, neto Total, net

Berdasarkan Analisis Umur Piutang Usaha: By Aging Analysis of Accounts Receivable :

Belum jatuh tempo Not yet dueTelah jatuh tempo: Past due :

< 30 hari < 30 days31 - 60 hari 31 – 60 days61 - 90 hari 61 – 90 days> 90 hari > 90 days



a.

205,967,566,620

5,867,074,222 9,730,918,052

4,326,112,902

129,292,113,137

31,901,636,161

b.

6,727,133,369

Rp

50,709,266,150

2,109,643,492

113,382,938 −13,636,365

3,662,132,694 −

5,522,769,754 −

2,692,156,613 −

(2,669,296,625) (1,946,119,800)

Rp

15,805,463,871

5.

247,696,597,737

51,231,271,552

251,154,599,818 261,456,253,963

(2,669,296,625) (1,946,119,800)

248,485,303,193

2 0 1 4

b.

11,813,536,426

2 0 1 4

2 0 1 3

259,510,134,163

208,636,863,245

176,735,227,084

42,517,736,573

a.

712,174,440

5.

13,051,011,920

248,485,303,193

Rp Rp

5,086,403,057

2 0 1 3

259,510,134,163

140,129,350,456

13,519,291,583

236,591,705,617

Third parties:

249,642,717,537

−

5,633,690,134 −

2,058,449,661 −1,970,908,601 −

−3,291,600 −2,500,000 −1,067,000 −

57,460,186,449 52,561,738,688

25



PIUTANG USAHA (Lanjutan) ACCOUNTS RECEIVABLE (Continued)

c. Berdasarkan Mata Uang: c. By Currency :

Rupiah RupiahDolar AS US Dollar



Mutasi penyisihan piutang tak tertagih adalah sebagai berikut: The movement of allowance for doubtful accounts are as follows:

Saldo awal Beginning balancePenambahan AdditionalPemulihan Recovery

Saldo akhir Ending balance

Piutang usaha yang dijaminkan adalah sebagai berikut: Accounts receivable are used as guarantee for bank loans:

Entitas: Entity:Rupiah Rupiah

PT Bank Negara Indonesia (Persero) Tbk PT Bank Negara Indonesia (Persero) Tbk

(Catatan 20) (Note 20)PT Bank Muamalat Indonesia Tbk PT Bank Muamalat Indonesia Tbk

(Catatan 20) (Note 20)Entitas Anak: Subsidiary:

Dolar AS US Dollar

PT Ricky Garmen Eksportindo PT Ricky Garmen Eksportindo

PT Bank Muamalat Indonesia Tbk PT Bank Muamalat Indonesia Tbk

(Catatan 20) (Note 20)

251,154,599,818

5. 5.

The management also believes that there are no significantconcentrations of credit risk in third party receivables.

The management believes that the allowance for doubtful accounts fromthird parties as of December 31, 2014 amounting to Rp 2,669,296,625(2013: Rp 1,946,119,800) is adequate to cover possible losses onuncollectible receivables. No allowance for doubtful accounts wasprovided on receivables from related parties as the management believesthat such receivables are fully performing.

1,946,119,800

167,698,650,000

2 0 1 4 2 0 1 3Rp Rp

248,405,242,043

2,669,296,625 1,946,119,800

723,176,825 547,822,202

Manajemen berpendapat bahwa penyisihan piutang tak tertagih ataspiutang kepada pihak ketiga pada tanggal 31 Desember 2014 sebesarRp 2.669.296.625 (2013: Rp 1.946.119.800) adalah cukup untukmenutupi kerugian yang mungkin timbul dari tidak tertagihnya piutangtersebut, sedangkan terhadap piutang kepada pihak yang berelasi tidakdilakukan penyisihan karena manajemen berpendapat bahwa seluruhpiutang tersebut dapat tertagih di kemudian hari.

Manajemen juga berpendapat bahwa tidak terdapat risiko yangterkonsentrasi secara signifikan atas piutang kepada pihak ketiga.

80,000,000,000

2 0 1 4 2 0 1 3Rp Rp

1,398,297,598

261,456,253,963

(2,669,296,625) (1,946,119,800)

15,092,476,317

248,485,303,193 259,510,134,163

13,051,011,920

5,462,000

2 0 1 4 2 0 1 3

167,698,650,000

− −

236,062,123,501

80,000,000,000

5,462,000

26



PIUTANG LAIN-LAIN OTHER RECEIVABLES

Piutang lain-lain terdiri atas: Other receivables are consisted of:

Pihak berelasi: Related parties:Piutang karyawan dan direksi Receivables from employees and directorsPT Megah Moda Globalindo PT Megah Moda GlobalindoPT Taitat Putra Rezeki PT Taitat Putra RezekiPT Uomo Donna Indonesia PT Uomo Donna Indonesia

Dikurangi: Penyisihan piutang tak tertagih Deducted: Allowance for doubtful accounts

Pihak ketiga:PT Artha PT ArthaPT Batu Bara PT Batu BaraPihak ketiga lain-lain Other third parties


PERSEDIAAN INVENTORIES

Barang jadi Finished goodsBarang dalam proses Work in processBahan baku Raw materialBahan pembantu dan suku cadang Finished goodsBarang dalam perjalanan Goods in transitBahan baku makanan Food raw material

Dikurangi: Penyisihan penurunan nilai Deducted: Provision for decline in inventory


Mutasi penyisihan persediaan usang adalah sebagai berikut:

Saldo awal Beginning balancePenambahan Additional

Saldo akhir Ending balance

2,303,802,194

31,385,966,408 32,045,191,731

The management believes that the allowance for doubtful accounts fromthe related parties as of December 31, 2014 amounting to Rp3.830.115.581 (2013: Rp 3,830,115,581) is adequate to cover possiblelosses on uncollectible receivables. No allowance for doubtful accountswas provided on receivables from third parties as the managementbelieves that such receivables are fully performing.

38,189,248,035

445,934,332,320 413,089,221,061

443,003,004,703 410,785,418,867

185,368,164,970

2,311,930,541

3,830,115,581

−

(3,830,115,581)

(2,931,327,617)

4,154,951,294

4,360,367,307 4,153,408,674

1,542,620

6,803,281,627

Rp Rp

1,766,061,160 627,525,423 537,741,034

6. 6.

(3,830,115,581)

8,810,848,489 3,324,820,693 −

Rp Rp

2 0 1 4

2,931,327,617 2,303,802,194

26,408,440,497

Rp

7.7.

148,249,563,913

36,200,143,025

3,830,115,581

10,633,397,208 7,985,066,875

32,560,003,786 27,724,048,853

9,600,815

91,042,473,989

22,575,117,919

1,709,322,146

The movement of allowance for inventory obsolescence are as follows:

4,091,373,687

2 0 1 4

27,751,950

78,037,676,690

2 0 1 4

Manajemen berpendapat bahwa penyisihan piutang tak tertagih ataspiutang kepada pihak-pihak berelasi pada tanggal 31 Desember 2014sebesar Rp 3.830.115.581 (2013: Rp 3.830.115.581) adalah cukup untukmenutupi kerugian yang mungkin timbul dari tidak tertagihnya piutangtersebut, sedangkan terhadap piutang kepada pihak ketiga tidakdilakukan penyisihan karena manajemen berpendapat bahwa seluruhpiutang tersebut dapat tertagih di kemudian hari.

2 0 1 3

151,681,270,546

2 0 1 3Rp

138,522,302,036

Third parties:

(2,303,802,194)

2 0 1 3

2,442,914,320 −

27



PERSEDIAAN (Lanjutan) INVENTORIES (Continued)

Persediaan yang dijaminkan adalah sebagai berikut: Inventories are used as guarantee for bank loans:

Rupiah RupiahEntitas: Entity:

PT Bank Negara Indonesia (Persero) Tbk PT Bank Negara Indonesia (Persero) Tbk(Catatan 20) (Note 20)

PT Bank Muamalat Tbk (Catatan 20) PT Bank Muamalat Tbk (Note 20)Entitas Anak: Subsidiary:

PT Ricky Arta Jaya PT Ricky Arta JayaPT Bank Danamon Tbk (Catatan 14) PT Bank Danamon Tbk (Note 14)

PT Jasa Ricky Abadi PT Jasa Ricky AbadiPT Bank Danamon Tbk (Catatan 14) PT Bank Danamon Tbk (Note 14)

PT Ricky Mumbul Daya PT Ricky Mumbul DayaPT Bank Central Asia Tbk (Catatan 14) PT Bank Danamon Tbk (Note 14)

UANG MUKA ADVANCE PAYMENTS

Mesin MachineriesTanah LandBahan baku Raw materialsJaminan L/C L/C guaranteeLain-lain Others

Total Total

BIAYA DIBAYAR DI MUKA PREPAID EXPENSES

Sewa RentAsuransi InsuranceLain - lain Others

Total Total

7. 7.

15,252,460,514

2 0 1 3

3,472,720,607

3,454,716,202

9. 9.

2 0 1 4 2 0 1 3

8.

4,755,456,667

15,252,460,514

Pada tanggal 31 Desember 2014, persediaan telah diasuransikanterhadap risiko kebakaran dan risiko lainnya yang mungkin timbuldengan jumlah pertanggungan sebesar Rp 161.101.000.000 (2013:Rp 199.900.000.000). Manajemen berpendapat bahwa nilaipertanggungan tersebut cukup untuk menutupi kemungkinan kerugianyang dialami Entitas dan Entitas Anak.

Manajemen berpendapat penyisihan persediaan usang sebesar Rp2.931.327.617 pada tanggal 31 Desember 2014 (2013: Rp2.303.802.194) cukup untuk menutupi kerugian penurunan nilaipersediaan.

61,568,280,435

7,625,510,633 14,413,971,128

2 0 1 4 2 0 1 3

58,286,355,382

Rp Rp

1,417,497,514 350,953,281 147,222,794

As of December 31, 2014, inventories were insured against losses by fireand other risks for Rp 161,101,000,000 (2013: Rp 199,900,000,000). Themanagement believes that the insurance coverage is adequate to coverpossible losses to the Entity and its Subsidiaries.

The management believes that the provision for decline in value ofinventories of Rp 2,931,327,617 as of December 31, 2014 (2013: Rp2,303,802,194) is adequate to cover losses from obsolescence and slowmoving inventories.

Advance payment for land purchase represented advance payment forpurchase of 23 land piece with total area of 103,370 M2, located inBandung. Up to March 25, 2014, the certification of HGB is still in process,and it will be estimated finish in middle of the year 2015.

3,214,401,734

8.

50,000,000,000 50,000,000,000

3,528,668,888 3,528,668,888

223,769,010,000

15,659,180,864 13,885,634,031

Rp

Uang muka pembelian tanah merupakan uang muka untuk pembelian23 bidang tanah dengan luas total 103.370 M2 yang berlokasi diBandung. Sampai dengan tanggal 25 Maret 2014, proses pensertifikatandan pengurusan SHGB masih dalam proses, dan diperkirakan akanselesai pada pertengahan tahun 2015.

1,190,101,652 1,908,000,299

Rp2 0 1 4

4,605,389,558

15,143,813,813

9,009,854,800 9,006,359,962

223,769,010,000

3,454,716,202

1,000,000,000 1,000,000,000

28



INVESTASI PADA ENTITAS ASOSIASI INVESTMENT IN ASSOCIATED ENTITY

PT RME PT RMEPT PRG PT PRG

Total Total

PT RME PT RMEPT PRG PT PRG

Total Total

Bagian laba neto entitas asosiasi Share profit on investment in associated entity

700,000,000 −

Entitas, melalui Entitas Anak, PT Ricky Arta Jaya, memiliki saham padaPT Putra Rejeki Garmindo (PRG), dengan kepemilikan 40%. Pada tanggal31 Desember 2014, PRG telah mengalami defisiensi modal, karenanyaEntitas hanya mengakui akumulasi rugi bersih Entitas Asosiasi sebesarinvestasinya, dan mencatat investasi tersebut sebesar Rp Nihil.

184,952,837

2 0 1 3

2 0 1 4 2 0 1 3Rp Rp

Harga

15,661,235

Entitas Asosiasi

% Rp

(Loss) Associated

− 445,445,791 945,445,791 40% 200,000,000 − (200,000,000)

Acquisition

(Rugi) Entitas

− 245,445,791 945,445,791

Akumulasi Bagian Laba

Rp Rp

229,784,556

−215,661,235

(200,000,000) 715,661,235

−

(Rugi) EntitasAsosiasi/

Persentase Harga Accmulated SaldoKepemilikan/ Perolehan/ Share Profit 31 Des 2014/

Percentage of

Asosiasi/Accmulated

Rp%

Asociated EntityPenambahan/

Rp

25% 500,000,000

BalanceOwnership

−

700,000,000

10.

2 0 1 4Akumulasi

Bagian Laba

Entitas Asosiasi

500,000,000 200,000,000

−

Kepemilikan/Persentase

Percentage of

10.

25%40%

Rp Rp Rp

Perolehan/Acquisition

Cost AdditionsPenambahan/

Dec 31, 2013

Cost Additions Entity Dec 31, 2014

Saldo

Asociated EntityOwnership

Share Profit(Loss) Associated

Entity

The Entity, through its Subsidiary, PT Ricky Arta Jaya, owned shares in PTPutra Rejeki Garmindo (PRG), with ownership at 40%. As of December 31,2014, PRG has had capital deficiency, therefore, the Entity only recognizedthe Associated Entity's accumulated net losses as its investments, thus, itrecorded its invesment as Rp Nil.

715,661,235

31 Des 2013/Balance

29



ASET TETAP FIXED ASSETS

Harga perolehan Acquisition cost

Pemilikan langsung: Direct acquisition:

Tanah Land

Bangunan dan prasarana Building and infrastructure

Mesin Machinery

Peralatan kantor Office equipment

Peralatan pabrik Factory equipment

Peralatan restoran Restaurant equipment

Kendaraan VehicleAset dalam pembangunan Assets under construction

Aset sewa guna usaha: Leased assets:

Mesin Machinery

Kendaraan Vehicle

Akumulasi penyusutan Accumulated depreciation



Mesin Machinery




Kendaraan VehicleAset sewa guna usaha: Leased assets:

Mesin Machinery

Kendaraan Vehicle

Nilai buku Book value

Harga perolehan Acquisition cost


Tanah Land


Mesin Machinery





Mesin Machinery

Kendaraan VehicleAset dalam pembangunan Assets under construction

Dec 31, 2013

29,047,591,450

61,885,668,166

14,272,323,877

15,122,460,078

563,551,683,276

7,692,212,924

22,969,035,687

616,338,600

Rp

Balance

Saldo

31 Des 2013/

16,961,815,019

571,716,100

32,696,266,329

113,929,457,817

478,875,267,758

174,268,033

19,146,713,084

871,151,213 (5,136,069,455)

3,218,533,538

Deductions/

13,245,750,366

43,247,862,489

135,711,125,039

318,630,063,545

244,921,619,731

10,652,872,255

11,857,820,463

10,659,366,294

17,463,105,890

235,572,402,741

Saldo

Rp

Balance

31 Des 2014/

Dec 31, 2014Additions

19,372,554,791

Reklasifikasi/

24,185,088,614

6,215,595,204

35,141,956,610

16,961,815,019

23,314,529 150,953,504

33,643,728,950

131,866,210,904

Saldo

16,374,433,154

420,497,038,601

1,207,833,410

11.

Rp

−

109,438,789,551

8,453,666,396 9,930,284,116

−

1 Jan 2014/

Rp

Balance

Balance

Rp

Penambahan/

2 0 1 4

74,143,250

6,686,108

620,451,545

1,219,820,790

5,132,351,346

Deductions

32,142,803,913 18,876,043,740

Reclassifications

94,705,750

−4,874,389,207

Pengurangan/

14,256,015,625

2,435,351,562

Jan 1, 2014

−

44,622,500

11.

223,427,262,988

15,122,460,078

−

−4,009,800,680

38,115,511,143

36,037,477,491

−1,145,677,540

4,596,137,500

113,929,457,817

(3,173,739,456)

1,487,788,517

1,979,773,854

Rp

9,483,086,691

8,116,603,493

(8,453,666,396)

23,892,337,738

3,813,361,666

−11,053,790,339

12,733,143,904

29,047,591,450

Reclassifications

478,875,267,758

122,600,786,954

14,272,323,877

−

−

34,220,915,669

24,762,374,033

Rp

108,615,671,919

Jan 1, 2013

266,315,120,697

212,560,147,062

−

11,832,105,099

9,804,764,579 4,661,469,342

3,026,060,800

223,427,262,988

3,743,674,305 718,968,105

210,160,502,815

16,665,888,800 18,476,067,810

−

Reklasifikasi/

Rp

143,000,000

571,716,100

6,215,595,204

2 0 1 3

20,365,149,498

Additions

−

5,313,785,898

Penambahan/

571,716,100

Saldo

3,190,889,004

7,848,019,783

35,141,956,610 26,743,711,556 −

14,219,041,481

24,185,088,614 14,422,577,715 5,911,400,000

2,542,762,801

1 Jan 2013/

2,396,002,282

26,021,530,650

78,743,378,655

15,681,188,015 8,646,900,599

Pengurangan/

30



ASET TETAP (Lanjutan) FIXED ASSETS (Continued)

Akumulasi penyusutan Accumulated depreciation



Mesin Machinery





Mesin Machinery

Kendaraan Vehicle


Pengurangan aset tetap adalah sebagai berikut: The deductions of fixed assets are as follows:

Harga perolehan Acquisition costAkumulasi penyusutan Accumulated depreciation

Nilai tercatat aset dijual Carrying amount of sold assetsHarga jual Selling price

Laba penjualan aset tetap, neto Gain on sale of fixed assets

Depreciation expenses were allocated Pembebanan penyusutan sebagai berikut: to the following:

Harga pokok penjualan (Catatan 28) Cost of goods sold (Note 28)Beban penjualan (Catatan 29) Selling expenses (Note 29)Beban umum dan administrasi General and administrative expenses


Total Total

2 0 1 3

Saldo Pengurangan/ Saldo

1 Jan 2013/ Deductions 31 Des 2013/

Balance Penambahan/ Reklasifikasi/ Balance

Jan 1, 2013 Additions

9,804,764,579

212,560,147,062

266,315,120,697

Reclassifications Dec 31, 2013

Rp Rp Rp Rp

6,686,108

19,582,105,124 64,355,000

25,068,713,218

9,087,847,451

7,848,019,783

38,115,511,143

122,600,786,954

8,116,603,493

23,314,529

Rp Rp

885,146,546

−14,219,041,481

(1,852,005,500) 20,365,149,498

−

1,496,796,050 −

28,238,576,543

4,668,072,515

1,752,105,645

6,040,829,619

234,423,362,437

991,498,325

11.

34,220,915,669 28,238,576,543

1,950,572,456

22,882,368,533

23,314,529

Pada tahun 2014, aset tetap kecuali tanah telah diasuransikan terhadaprisiko kebakaran, gempa bumi dan pencurian dengan jumlahpertanggungan sebesar Rp 348.357.980.200 (2013:Rp 364.778.910.000). Manajemen berpendapat bahwa nilaipertanggungan tersebut cukup untuk menutupi kemungkinan kerugianatas aset yang dipertanggungkan.

11.

1,018,717,992

33,486,373,586 4,629,137,557

(1,752,105,645)

13,970,029,813

2,075,773,874

42,288,333

8,614,183,086

186,073,676,164

Aset dalam pembangunan sebesar Rp 7.692.212.924 pada tanggal 31Desember 2014 merupakan pembangunan pabrik Citeureup (2013: Rp6.215.595.204 merupakan pembangunan pabrik kaos kaki) dandiperkirakan selesai pada pertengahan tahun 2015.

2 0 1 4 2 0 1 3Rp Rp

11,832,105,099

24,734,374,033

27,550,441,048

2 0 1 4 2 0 1 3

5,821,701,665 4,073,629,581 90,566,667

109,556,224,865

10,847,292,882

6,351,223,733

14,063,280,081

636,134,878

−

Asset under construction amounted to Rp 7,692,212,924 as of December31, 2014 represent construction Citeureup factory (2013: Rp6,215,595,204 represent construction od sock factory). It is estimatedfinish at the middle of year 2015.

In 2014, fixed assets, except for land, were insured against fire,earthquake and theft risks for Rp 348,357,980,200 (2013:Rp 364,778,910,000). Management believes that the insurance coverageis adequate to cover possible losses on the assets insured.

−

20,563,616,309 18,613,043,853

31



ASET TETAP (Lanjutan) FIXED ASSETS (Continued)

Entitas: Entity:Rupiah: Rupiah:PT Bank Negara Indonesia (Persero) Tbk PT Bank Negara Indonesia (Persero) Tbk

(Catatan 20) (Note 20)- Tanah Land -

- Bangunan dan prasarana Building and infrastructure -

- Mesin Machinery -

PT Bank Muamalat Indonesia Tbk PT Bank Muamalat Indonesia Tbk(Catatan 20) (Note 20)

- Tanah Land -

- Mesin Machinery -

PT CIMB Niaga Tbk (Catatan 20) PY CIMB Niaga Tbk (Note 20)

- Tanah Land -

PT Bank Panin Tbk (Catatan 20) PT Bank Panin Tbk (Note 20)

- Mesin Machinery -

- Tanah Land -

Entitas Anak: Subsidiary:PT Ricky Arta Jaya PT Ricky Arta Jaya

PT Bank Danamon Tbk (Catatan 14) PT Bank Danamon Tbk (Note 14)- Tanah dan bangunan Land and building -

PT Jasa Ricky Abadi PT Jasa Ricky Abadi

PT Bank Danamon Tbk (Catatan 14) PT Bank Danamon Tbk (Note 14)

- Tanah dan bangunan milik PT RPG Tbk Land and building owned PT RPG Tbk -

PT Ricky Garmen Exportindo PT Ricky Garmen Exportindo



- Tanah (dalam Dolar AS) Land (in US Dollar) -

- Mesin Machinery -

PT Ricky Tekstil Indonesia PT Ricky Tekstil Indonesia

PT Bank Muamalat Indonesia Tbk PT Bank Muamalat Indonesia Tbk(Catatan 20) (Note 20)- Tanah dan bangunan milik PT RPG Tbk Land and building owned PT RPG Tbk -

69 M2

11. 11.

3,528,668,888

3,454,716,202

38,552,860,000

3,675,630,598

Aset tetap yang dijaminkan atas pinjaman bank adalah sebagai berikut:

11,955,000,000

2,104,782

2 0 1 4

38,552,860,000

70,552,690,000 70,552,690,000 65,920,400,000

75,237,600,000 75,237,600,000 52,500,500,000 52,500,500,000

133,278 M2 128,265 M2

Berdasarkan hasil penelaahan manajemen, tidak terdapat indikasipenurunan nilai aset tetap sehingga Entitas dan Entitas Anak tidakmelakukan penyisihan penurunan nilai untuk aset tetap.

3,454,716,202

2 0 1 3

69 M2

65,920,400,000

3,528,668,888

2,104,782

Based on the management’s review, there is no potential loss on declinein asset value, therefore, the Entity and its Subsidiaries did not provideprovision for decline in value of fixed assets.

Fixed assets which were used as guarantee for bank loans are as follows:

11,955,000,000

12,600,000,000 −

3,675,630,598

72,880 M2 −

32



PROPERTI INVESTASI INVESTMENT PROPERTY

Bangunan BuildingHarga perolehan Acquisition costAkumulasi depresiasi Accumulated depreciation


Bangunan BuildingHarga perolehan Acquisition costAkumulasi depresiasi Accumulated depreciation


Beban penyusutan properti investasi Depreciation expense of investment propertydialokasikan pada: was allocated to the following:Beban penjualan Selling expenses

UANG JAMINAN REFUNDABLE DEPOSIT

Uang jaminan terdiri dari: Refundable deposits are consist of:Perjanjian kerjasama penjualan Sales cooperation agreementSewa gedung Building rent Deposit DepositLain-lain Others

Total Total

−

Rp2 0 1 4 2 0 1 3

(184,837,500)

−

3,167,669,747 3,315,472,150

(113,287,500) (71,550,000) –

1,389,262,500

(71,550,000)

Dec 31, 2014Balance Penambahan/ Pengurangan/ Balance

Jan 1, 2014 Additions Deductions

12.

1,431,000,000 – – 1,431,000,000

Rp Rp Rp Rp

71,550,000

13. 13.

2 0 1 4 2 0 1 3Rp Rp

3,015,514,500

50,000,000 50,000,000 16,188,617 6,188,617

71,550,000

Properti investasi merupakan ruko yang dimiliki oleh PT Ricky Jaya Sakti(RJS), Entitas Anak, untuk tujuan kenaikan nilai dan disewakan. Nilaiwajar properti investasi berdasarkan taksiran harga pasar olehManajemen RJS per 31 Desember 2014 adalah sebesar Rp2.350.000.000 (2013: Rp 2.350.000.000 ).

243,769,033 243,769,033 2,857,712,097

12.

2 0 1 4Saldo Saldo

1 Jan 2014/ 31 Des 2014/

1,431,000,000

Rp Rp Rp Rp

1,317,712,500 1,246,162,500

2 0 1 3Saldo Saldo

1 Jan 2013/ 31 Des 2013/Balance

DeductionsPenambahan/ Pengurangan/ Balance

Jan 1, 2013 Additions Dec 31, 2013

(41,737,500)

Investment property represent office building owned by PT Ricky JayaSakti, a Subsidiary, held for operating lease or for capital appreciation.The fair value of investment property as of December 31, 2014 based onthe current selling price of Rp 2,350,000,000 (2013: Rp 2,350,000,000).

(113,287,500) 1,431,000,000 −

1,317,712,500

Rp

33



PINJAMAN BANK JANGKA PENDEK SHORT-TERM BANK LOANS

Entitas Anak: Entitas Anak:PT Bank Danamon Indonesia Tbk PT Bank Danamon Indonesia Tbk- PT RAJ PT RAJ -- PT JRA PT JRA -- PT RMD PT RMD -

Total Total

PT Bank Danamon Indonesia Tbk PT Bank Danamon Indonesia Tbk

• PT Ricky Arta Jaya (RAJ), Entitas Anak • PT Ricky Arta Jaya (RAJ), Entitas Anak

• PT Jasa Ricky Abadi (JRA), Entitas Anak • PT Jasa Ricky Abadi (JRA), Entitas Anak

• PT Ricky Mumbul Daya (RMD), Entitas Anak • PT Ricky Mumbul Daya (RMD), Entitas Anak

1,940,135,082 −

1,626,184,173 2,418,433,843 3,021,870,880 1,566,059,941

6,588,190,135 3,984,493,784

On October 20, 2014, RAJ obtained a Bank Overdraft Facility with aterm period for one year. This facility was extended every year, lastly onOctober 20, 2015, where Bank Overdraft Facility plafond of Rp2,500,000,000, interest was determined by PT Bank Central Asia Tbk.

14. 14.

2 0 1 4 2 0 1 3Rp Rp

Pada tahun 2004, RAJ memperoleh Fasilitas Kredit Berjangka danFasilitas Rekening Koran, dengan jangka waktu fasilitas 1 tahun.Pinjaman ini diperpanjang setiap tahunnya, yang terakhirdiperpanjang pada tanggal 9 Nopember 2015, dimana plafonFasilitas Rekening Koran sebesar Rp 1.000.000.000 dan fasilitas KreditBerjangka sebesar Rp 3.500.000.000, dengan tingkat bunga 13,25%per tahun untuk tahun 2014 (2013: 13,25% per tahun).

Pinjaman tersebut dijamin dengan tanah dan bangunan denganSHGB No. 195 di Ciroyom, Bandung (Catatan 11) dan persediaansenilai Rp 3.528.668.868 (Catatan 7).

Tanggal 3 Oktober 2013, JRA memperoleh fasilitas Kredit RekeningKoran (KMK) yang bersifat revolving/uncommitted dari PT BankDanamon Indonesia Tbk dengan jangka waktu 12 bulan untukdigunakan sebagai modal kerja Entitas dengan plafon sebesar Rp3.200.000.000. Suku bunga atas fasilitas kredit ini sebesar 13,75% pertahun dan akan di-reviu oleh bank setiap saat sesuai dengan kondisipasar.

Pinjaman tersebut dijamin dengan 2 (dua) bidang tanah danbangunan milik PT Ricky Putra Globalindo Tbk, yang terletak diKelurahan Sidodadi dengan luas masing-masing 69 M2 (Catatan 11)dan persediaan senilai Rp 5.404.565.560 (Catatan 7).

Pada tanggal 20 Oktober 2014, RMD memperoleh Fasilitas RekeningKoran, dengan jangka waktu fasilitas 1 tahun. Pinjaman inidiperpanjang setiap tahunnya, yang terakhir diperpanjang padatanggal 20 Oktober 2015, dimana plafon Fasilitas Rekening Koransebesar Rp 2.500.000.000 dengan tingkat bunga sesuai ketentuanyang berlaku di PT Bank Central Asia Tbk.

This facility is secured by RAJ’s land and building, SHGB No. 195 inCiroyom, Bandung (Note 11) with the guarantee value of Rp3,528,668,888 (Note 7).

In 2004, RAJ obtained a Working Capital Facility with a term period forone year. This facility was extended every year, lastly on November 9,2015, where bank overdraft facility plafond of Rp 1,000,000,000 anddemand loan facility was changed to become Rp 3,500,000,000,interest bearing at 13.25% per annum for 2014 (2013: 13.25% perannum).

This facility is secured by two RPG's land and buildings, which locatedat Desa Sidodadi, Medan with total area 69 M2 (Note 11) and theinventories amounted to Rp 5,404,565,560 (Note 7).

On October 3, 2013, JRA obtained a revolving/uncommitted OverdraftFacility (KMK) from PT Bank Danamon Indonesia Tbk for the 12 Month'sfor working capital with a plafond of Rp 3,200,000,000. This facilitybears interest rate at 13.75% per annum, and will be revieweddepended the market condition.

34



HUTANG USAHA ACCOUNTS PAYABLE

a. Berdasarkan Pemasok: a. By suppliers :

Pihak berelasi:PT Taitat Putra RezekiPT Uomo Donna Indonesia PT Uomo Donna Indonesia

PT Rajawali Mas Elastic PT Rajawali Mas Elastic

PT Ricky Tanaka Shisyu PT Ricky Tanaka Shisyu

PT Prima Karya Garmindo PT Prima Karya Garmindo

CV Mahkota Tunas Abadi CV Mahkota Tunas Abadi

PT Putera Rejeki Garmindo PT Putera Rejeki Garmindo

CV Mitra Garmindo CV Mitra Garmindo

CV RR Lifestyle CV RR Lifestyle

Gunze Limited Gunze Limited

PT Ricky Global Solution PT Ricky Global Solution

PT Gunze Socks Indonesia PT Gunze Socks Indonesia

Pihak ketiga: Third parties:Pemasok dalam negeri Local suppliersPemasok luar negeri Foreign suppliers

Total Total

Berdasarkan Analisis Umur Hutang Usaha: By Aging Analysis of Accounts Payable :

Belum jatuh tempo Not yet dueTelah jatuh tempo: Past due:

< 30 hari < 30 days31 - 60 hari 31 – 60 days> 60 hari > 60 days


Berdasarkan Mata Uang: By Currency :

Rupiah RupiahDolar AS US Dollar


2 0 1 3

4,224,743,210

Rincian hutang usaha per 31 Desember 2014 dan 2013 adalah sebagaiberikut:

Related parties:

106,581,933,164 64,145,286,486

15.

RpRp

44,907,676,062

4,713,195,707

20,252,489,239 19,308,315,985

64,145,286,486

2 0 1 4

18,042,736,523 29,541,013,507

2,007,543,185

c. c.

2 0 1 4 2 0 1 3Rp Rp

87,273,617,179

77,040,919,657

b. b.

2 0 1 4 2 0 1 3

−

3,550,352,551 12,819,714,219

1,389,187,124 6,659,989,531

712,831,353 3,189,566,688

1,060,929,514 2,158,547,362

PT Taitat Putra Rezeki

Rp Rp

39,237,462,202

22,701,360,604 5,554,820,152

6,533,330,194 39,088,290,206

46,102,549,963

29,404,234,785

14,436,994,447 13,770,727,060

178,161,607 107,750,000

64,145,286,486 106,581,933,164

977,462,876 −

106,581,933,164

−

−

1,194,873,901 10,503,214,282

−

66,537,705,375

2,734,268,201 −

1,046,436,326 −

53,070,576

The details of accounts payable as of December 31, 2014 and 2013 are asfollows:

15.

43,892,797,247

35



HUTANG LAIN-LAIN OTHER PAYABLES

Hutang lain-lain terdiri dari: Other payables are consist of:Pihak berelasi: Related parties:

Gunze Limited Gunze LimitedPihak ketiga: Third parties:

Kelebihan pembayaran pelanggan Overpayment from suppliersDeposit DepositLain-lain Others

Total Total

PERPAJAKAN TAXATIONS

a. Pajak Dibayar di Muka a. Prepaid Taxes

Entitas: The Entity:Pajak penghasilan pasal 28 Income tax article 28

Tahun 2014 Year 2014Tahun 2013 Year 2013

Pajak pertambahan nilai Value added tax

Entitas Anak: Subsidiaries: Pajak penghasilan pasal 23/26 Income tax article 23/26Pajak penghasilan pasal 28 Income tax article 28Pajak pertambahan nilai Value added tax

Total Total

b. Hutang Pajak b. Taxes Payable

Entitas: The Entity:Pajak penghasilan pasal 4 (2) Income tax article 4 (2)Pajak penghasilan pasal 21 Income tax article 21Pajak penghasilan pasal 23 Income tax article 23Pajak penghasilan pasal 25 Income tax article 25Pajak penghasilan pasal 26 Income tax article 26Pajak pertambahan nilai Value added tax

Entitas Anak: Subsidiaries: Pajak penghasilan pasal 4 (2) Income tax article 4 (2)Pajak penghasilan pasal 21 Income tax article 21Pajak penghasilan pasal 23 Income tax article 23Pajak penghasilan pasal 25 Income tax article 25Pajak penghasilan pasal 26 Income tax article 26Pajak penghasilan pasal 29 Income tax article 29Pajak pertambahan nilai Value added taxPajak restoran Restaurant tax

Total Total

−

2 0 1 3Rp

Rp

Rp

−

30,763,011

1,841,038,670

2 0 1 4

17.

4,637,803,913

432,836,571

3,383,430,762

23,592,083

143,218,963

1,425,746,676

3,948,245,197

−

15,904,507,779 6,978,157,203

2,229,932 809,600 346,443,465 26,531,422

4,803,946,702 4,833,953,709

5,001,377,414 2,116,862,472

2 0 1 4

Rp

16. 16.

−

17.

114,824,595

Rp Rp

17,996,496,154 −

2,001,576,369 1,208,449,391 50,000,000 50,000,000

13,933,178,909 14,906,201,753

33,981,251,432 16,164,651,144

1,112,706,353

2 0 1 4

2 0 1 3

− 24,494,185

16,377,259 87,533,302

192,312,072 92,524,093 51,683,588 34,278,637

189,186,263 95,901,141

15,350,866 21,946,561

1,169,608,123 1,393,522,764

192,096,201

1,457,843,932

239,236,471

13,123,693

70,118,925 −

42,792,456

3,144,194,291 2,107,206,528

2 0 1 3

36



PERPAJAKAN (Lanjutan) TAXATION (Continued)

c. Pajak Kini c. Current Tax

Laba sebelum pajak menurut laporanlaba rugi komprehensif konsolidasian statement of comprehensive income

Dikurangi: Laba sebelum taksiran Less :pajak penghasilan Entitas Anak Profit before estimated tax of Subsidiaries

Laba sebelum taksiran pajak Entitas Profit before tax - EntityKoreksi fiskal terdiri dari:Beda tetap: Permanent difference:

Perjamuan dan sumbangan Entertainment and donationBiaya pajak Tax penaltyBahan bakar dan transportasi Fuel and transportationTunjangan pajak penghasilan Income tax allowancePerjalanan dinas TravellingBeban asuransi Insurance expensesPerijinan LicensesPemeliharaan dan perbaikan

kendaraan kantor Maintenance and repair of office vehiclesBeban utilitis Utilities expensesBeban rumah tangga Burden of householdPenghasilan bunga yang telah

dikenakan pajak final Interest income subject to final taxPenghasilan sewa Rental incomeBeban lain-lain Other expenses

Total beda tetap Total permanent differences

Beda temporer:Penyusutan aset tetap Depreciation of fixed assetsImbalan pasca kerja Post-employment benefitsAmortisasi pendapatan tangguhan

atas transaksi jual dan sewa balik Gain on sale and leaseback transactionLaba penjualan aset tetap Gain on sale of fixed assetsAngsuran sewa guna usaha Lease installmentsPenyusutan sewa guna usaha Depreciation of leased assetsPenyisihan piutang ragu-ragu Allowance for doubtful accountsPenyisihan persediaan usang Provision for inventory obsolescence

Total beda temporer Total temporary differences

Estimasi laba kena pajak

Taksiran pajak penghasilan: 20% Estimated income tax : 20%Pajak dibayar dimuka: Prepaid taxes:

Pajak penghasilan artikel 22 Income tax art 22Pajak penghasilan artikel 23 Income tax art 25Pajak penghasilan artikel 25 Income tax art 25

Total pajak dibayar di muka Total prepaid taxEstimasi pajak penghasilan

badan lebih bayar Estimated overpayment corporate income tax

17.

Rp

182,538,560

118,925,946

(308,259,457)

34,135,000 11,600,000

(5,677,708,745)

18,397,000

627,525,423

Rp

A reconsiliation between consolidated income before tax perstatements of consolidated comprehensive income and taxableincome for the periods ended December 31, 2014 and 2013 is asfollows:

Estimated taxable income

723,176,825 2,042,225,493

(68,602,989) 238,800,791

537,741,034

− (1,205,756,126) (542,446,544)

892,480,154 −

39,371,079

Rp

(4,803,946,702)

22,627,245,189

3,199,555,269

16,199,072,002

1,665,122,383

1,268,190,585

15,997,776,345

1,110,523,486

(6,112,849,887)

2 0 1 4

−549,300,696 107,071,239

1,085,807,892

7,613,848,064

2 0 1 3

(865,257,898)

2 0 1 4

18,219,600,919

492,192,183

1,315,072,352

(235,906,619) (394,699,150)

−

Rp

2,771,605,360

3,643,920,184

876,295,813

2,570,463,515

Fiscal adjustments consisted of:12,349,875,171

(3,379,679,638)

Temporary difference:

Income before tax per consolidated

Estimasi pajak penghasilan kini:

7,966,751,000

Estimated current income tax:

257,624,855

(6,035,211,135) (4,173,714,399) 6,200,899,552 4,643,819,598

996,748,426

1,207,902,526 844,927,565

Rekonsiliasi laba konsolidasian sebelum pajak menurut laporanlaba rugi komprehensif konsolidasian dengan taksiran laba fiskalyang dihitung oleh Entitas untuk periode yang berakhir padatanggal-tanggal 31 Desember 2014 dan 2013 adalah sebagaiberikut:

17.

2 0 1 3

(3,849,196,831)

16,514,395,302

18,149,296 85,548,826 98,643,906

275,602,018 236,716,514

8,281,724,097 8,003,501,971

152,937,393

(4,637,803,913)

37




d. Aset (Liabilitas) Pajak Tangguhan d. Deferred Tax Assets (Liabilities)

Entitas: The Entity:Penyusutan aset tetap Depreciation of fixed assetsSewa guna usaha Obligation under capital leasePenyisihan piutang ragu-ragu Allowance for doubtful accountsImbalan pasca kerja Post-employment benefit Penyisihan persediaan usang Provision for inventory obsolescence

Entitas Anak: SubsidiariesPT JRA PT JRAPT RMW PT RMWPT RJS PT RJSPT RAJ PT RAJPT RMD PT RMDPT RTI PT RTIPT RGE PT RGEPT RHC PT RHCPT RS PT RSPT RT Mahkota PT RT MahkotaPT RCR PT RCRPT RG PT RGPT RK PT RK

Total Total

Rp Rp Rp

9,334,726 9,334,726

2 0 1 4

23,841,259 (20,772,932) (140,295,015) (161,067,947) 56,837,063 41,009,221

142,392,677

−

17.

Perhitungan aset pajak tangguhan untuk tahun yang berakhir padatanggal 31 Desember 2014 dan 2013 adalah sebagai berikut:

(Charged) to the

Income Dec 31, 2014

(2,613,436,430) 280,668,960 (2,332,767,470) (3,090,183,163)

1 Jan 2014/ 31 Des 2014/Statement ofJan 1, 2014

−

180,794,206 1,624,853,051

(911,715,371)

17.

The calculation of deferred tax assets (liabilities) for the years endedDecember 31, 2014 and 2013 is as follows:

732,831,915

Dikreditkan

40,764,467 33,386,946

1,444,058,845

69,504,998 19,747,922 89,252,920

(Dibebankan) ke Laporan Laba Rugi

Komprehensif/Credited

41,422,104 (3,048,761,059)

170,159,650

2,771,894,818 (17,150,747) 2,754,744,071

642,615,879 (269,099,492)

575,950,560

(480,471,507)

18,865,131 4,976,128

156,881,356

97,846,284 102,933,892 9,981,627 112,915,519

486,518,578 (697,890,593) (211,372,015)

(425,196,793) (55,274,714)

1,486,771 6,172,990 39,559,936

186,485,784 (16,326,134)

− 142,392,677

(12,564,118) (12,564,118) −

39,277,696

− 6,081,087 6,081,087 (769,888,473) (769,888,473)

38




d. Aset (Liabilitas) Pajak Tangguhan (Lanjutan) d. Deferred Tax Assets (Liabilities) (Continued)

2 0 1 3

Entitas: The Entity:Penyusutan aset tetap Depreciation of fixed assetsSewa guna usaha Obligation under capital leasePenyisihan piutang ragu-ragu Allowance for doubtful accountsImbalan pasca kerja Post-employment benefit Laba atas transaksi jual dan

sewa-balik Deferred gain on sale and leasebackPenyisihan penurunan

nilai investasi Allowance for decline of investmentPenyisihan persediaan usang Provision for inventory obsolescence

Entitas Anak: SubsidiariesPT JRA PT JRAPT RMW PT RMWPTRJS PTRJSPT RAJ PT RAJPTRMD PTRMDPT RTI PT RTIPT RGE PT RGERHC RHC

Total Total

e. Surat Ketetapan Pajak Tax Assessment Letter

Tahun Fiskal 2013 Fiscal Year 2013

17. 17.

Rp Rp Rp

(425,196,793)

31 Des 2013/

(2,613,436,430)

Laporan Laba Rugi

Credited

Dec 31, 2013

441,515,301

902,040,710

575,950,560

(911,715,371)

112,500,000 –

(3,090,183,163)

(Charged) to the

Income

(2,785,558,672) (3,207,709,463) 1,541,476,147 2,712,194,620 59,700,198

(Dibebankan) ke

Komprehensif/

Dikreditkan

1 Jan 2013/

(2,087,622,777)

(112,500,000) 134,435,259

–

1,444,058,845 2,771,894,818

172,122,242 117,526,300 (97,417,302)

(1,813,756,081)

Sampai dengan tanggal laporan keuangan ini diterbitkan, Entitas sedangdiaudit oleh DJP berkaitan dengan semua pajak untuk tahun pajak 2013.Entitas belum menerima hasil audit pajak tersebut. Manajemenberpendapat bahwa hasil audit pajak tersebut tidak memiliki dampakyang akan merugikan posisi keuangan dan arus kas Entitas secaramaterial.

209,565,824 49,236,459 20,268,539 69,504,998

10,534,402

(5,435,965) 39,277,696 13,865,187 19,521,759 33,386,946

Jan 1, 2013Statement of

2,087,622,777

389,477,282 97,041,296 486,518,578

As at the date of financial statement, the Entity is being audtied bythe DGT for all taxes for fiscal year 2013. The Entiy has not yetreceived the tax audit results. Management is of the opinion that thetax audit results will not have a material impact on the Entity;sfinancial position and cash flow.

e.

103,970,341 102,933,892

44,713,661

78,443,831 (59,578,700) 18,865,131

(1,716,714,785)

(23,080,040) 186,485,784

1,291,517,992

(31,307,334) (20,772,932) (15,845,633) 72,682,696 56,837,063

(1,036,449)

39




f. Beban (Penghasilan) Pajak f. Tax Expenses (Income)

Pajak kini: Current tax:Entitas The EntityEntitas Anak: Subsidiaries:

PT JRA PT JRAPT RMD PT RMDPT RMW PT RMWPT RJS PT RJSPT RAJ PT RAJPT RHC PT RHCPT RTI PT RTIPT RGE PT RGEPT RG PT RGPT RS PT RSPT RK PT RK

Total beban pajak kini Total current tax expenses

Pajak tangguhan: Deferred tax:Entitas The EntityEntitas Anak: Subsidiaries:

PT JRA PT JRAPT RMD PT RMDPT RMW PT RMWPT RJS PT RJSPT RAJ PT RAJPT RHC PT RHCPT RTI PT RTIPT RGE PT RGEPT RS PT RSPT RT Mahkota PT RT MahkotaPT RCR PT RCRPT RK PT RKPT RG PT RG

Total beban (penghasilan) pajaktangguhan, net Total deferred tax expenses (income), neto

Total Total

g. Administrasi Administration

17. 17.

–

(142,392,676) –(9,334,725) –

Berdasarkan peraturan perpajakan Indonesia, Entitas melaporkanpajak terhutang berdasarkan perhitungan sendiri (self assessment ). Direktorat Jenderal Pajak dapat menghitung danmengubah kewajiban pajak dalam batas waktu 10 tahun sejaktanggal terhutangnya pajak, atau sampai dengan tahun 2013,mana yang lebih dahulu. Mulai tahun fiskal 2008, terjadiperubahan dimana Direktorat Jenderal Pajak dapat menghitungdan mengubah kewajiban pajak dalam batas waktu 5 tahun sejaktanggal terhutangnya pajak.

3,643,920,184

(9,981,626)

(9,779,772) (19,521,759) 23,080,040

(20,268,539)

g.

Under the taxation laws of Indonesia, the Entity submits tax returnon the basis of self assessment. For fiscal years before 2008, the TaxAuthorities may asses or amend taxes within 10 years from the datethe tax became due or until the end of 2013, whichever is earlier.There are new rules applicable to fiscal years beggining 2008stipulating that the Tax Authorities may asses or amend taxes within5 years from the date the tax became due.

2 0 1 4 2 0 1 3Rp

382,714,543

51,030,965 1,701,499,048

(1,486,771) (4,976,128) (6,172,989) 16,326,134

(19,747,921)

140,295,014 (41,009,222)

59,578,700

(72,682,696) (103,970,341)

31,307,334

Rp

234,982,159 203,581,862

369,248,417 333,241,412 506,699,372 388,671,856

749,628,170

309,445,742 797,225,582 107,408,696

490,659,999 469,946,244

106,738,055

7,515,713,548 7,478,525,013

–

226,711,850 214,776,735

7,464,682,583 5,777,025,966

3,199,555,269

1,813,756,081 (642,615,879)

191,236,604 –

(6,081,087) –8,320,368 –

769,888,473 –

147,632,191

167,683,608

40



BIAYA MASIH HARUS DIBAYAR ACCRUED EXPENSES

Gaji SalariesListrik ElectricityBunga InterestSewa RentLain-lain Others

Total

UANG MUKA PENJUALAN SALES ADVANCE

PINJAMAN BANK JANGKA PANJANG LONG-TERM BANK LOANS

Entitas: Entitas:PT Bank Muamalat Indonesia Tbk PT Bank Muamalat Indonesia Tbk- Line Facility Al Murabahah [US$ 5.799.300 Line Facility Al Murabahah [US$ 5,799,300 -

(2014) dan US$ 6.298.000 (2013)] (2014) and US$ 6,298,000 (2013)]- Line Facility Al Musyarakah Line Facility Al Musyarakah -

PT Bank Negara Indonesia (Persero) Tbk PT Bank Negara Indonesia (Persero) Tbk- Pembukaan L/C US$ 13.529.454,22 (2013) Opening L/C Facility US$ 13,529,454.22 (2013) -

- Kredit Modal Kerja Working Capital Facility -

- Dolar AS [US$ 9.000.000 US Dollar [US$ 9.000.000 -

(2014 dan 2013)] (2014 and 2013)]

- Rupiah Rupiah -

- Trust Receipt Trust Receipt -Dolar AS [US$ 14.687.468 (2014)] US Dollar [US$ 14,687,468 (2014)]

PT Bank Panin Tbk PT Bank Panin TbkFasilitas Pinjaman Investasi Investment Loan Facility

PT Bank CIMB Niaga Tbk PT Bank CIMB Niaga TbkFasilitas Pinjaman Investasi Investment Loan Facility

Entitas Anak:PT RGE PT RGE

PT Bank Muamalat Indonesia Tbk PT Bank Muamalat Indonesia TbkLine Facility Al Murabahah [US$ 1.407.517 Line Facility Al Murabahah [US$ 1,407,517

(2014) dan US$ 1.174.074 (2013)] (2014) and US$ 1,174,074 (2013]Line Facility Al Musyarakah Line Facility Al Musyarakah

- Dolar AS [US$ 2.457.615 (2014) US Dollar [US$ 2,457,615 (2014) -dan US$ 2.498.500 (2013)] and US$ 2,498,500 (2013)]

- Rupiah Rupiah -PT RTI PT RTI

PT Bank Muamalat Indonesia Tbk PT Bank Muamalat Indonesia TbkPT RMD PT RMD

PT Bank Central Asia Tbk PT Bank Central Asia Tbk

Dikurangi: Bagian lancar Less: Current portion

Total pinjaman bank jangka panjang Long-term portion

21,977,236,166 24,000,000,000

607,720,389,606 539,433,662,592

17,509,522,800

19,350,000,000

3,032,744,004

42,549,204,629

(347,007,138,940)

− 164,910,517,488

111,960,000,000 109,701,000,000

40,000,000,000

(319,547,214,013)

Uang muka penjualan sebesar Rp 5.844.039.095 per tanggal 31Desember 2014 (2013: Rp 2.501.037.092) merupakan uang muka yangditerima dari pelanggan atas penjualan benang.

Sales advance amounted to Rp 5,844,039,095 as of December 31, 2014(2013: Rp 2,501,037,092) represent cash advance received fromcustomers relating to sales transactions of spinning.

20. 20.

2 0 1 4 2 0 1 3Rp Rp

2 0 1 4Rp

2 0 1 3

18.

260,713,250,666

1,832,153,601

11,250,000,000

19. 19.

503,907,471 1,700,815

3,350,000,000 1,800,000,000

Rp

762,324,022

66,513,000,000

18,004,818,618

9,166,815,975

68,886,000,000

–

Total

14,310,787,986

1,143,851,421

219,886,448,579

13,966,634,825

18.

4,283,520,935

8,296,124,341

1,676,542,334

4,226,195,713

72,143,292,000 76,766,322,000

30,454,216,500 30,572,730,600

182,712,101,920

4,466,666,666 −

−

41



PINJAMAN BANK JANGKA PANJANG (Lanjutan) LONG-TERM BANK LOANS (Continued)


• Line Facility Al Murabahah • Line Facility Al Murabahah

• Line Facility Al Musyarakah • Line Facility Al Musyarakah

Fasilitas pinjaman tersebut dijamin dengan: The credit facilities are secured by:› ›

› ›

› ›

› ›

› ›

PT Bank Negara Indonesia (Persero) Tbk PT Bank Negara Indonesia (Persero) Tbk

• Fasilitas Kredit Modal Kerja • Working Capital Facility

20. 20.

Berdasarkan Akta Perubahan Perjanjian Kredit dari notaris GamalWahidin, S.H., No. 2, tanggal 3 Desember 2012, Entitas memperolehtambahan Fasilitas Kredit Modal Kerja menjadi US$ 9.000.000; danfasilitas ini berlaku sejak tanggal 27 Maret 2014 dan jatuh tempopada tanggal 26 Maret 2015. Atas pinjaman tersebut, Entitasmembayar bunga efektif sebesar 7,25% per tahun.

Tanah dan bangunan rumah tinggal yang terletak di Jl. Pluit SamudraNo 11-12 Blok C No. 2 & 3 Kelurahan Pluit Kecamatan Penjaringan,Jakarta Utara, HGB No. 3304 atas nama Ricky Gunawan, luas tanah2.500 M2, dengan nilai hak tanggungan sebesar Rp 29.062.600.000;

Mesin produksi garmen untuk pabrik yang terletak di Jl. Industri No.54 Desa Tarikolot, Kec. Citeureup, Kab. Bogor, Jawa Barat dengannilai fidusia sebesar Rp 52.500.500.000;Persediaan barang senilai maksimal sebesar Rp 50.000.000.000;

Tagihan piutang dari seluruh penjualan sampai dengan maksimalsebesar Rp 80.000.000.000.

Berdasarkan Akta Notaris Amriyati A. Supriyadi, S.H., M.H. No. 12,tanggal 24 April 2012, Entitas memperoleh Line Facility AlMusyarakah sebagai tambahan modal kerja usaha dengan jumlahmaksimum sebesar Rp 70.000.000.000, dan jangka waktu 36 bulan.Atas pinjaman tersebut, Entitas membayar bunga efektif sebesar 11%per tahun.

Berdasarkan Perjanjian Kredit No. 117/OL/301/IV/2012, Entitasmemperoleh tambahan modal kerja Line Facility MurabahahRevolving dari US$ 5.500.000 menjadi US$ 6.300.000.

Berdasarkan Perjanjian Kredit No. 117/OL/301/IV/2012, Entitasmemperoleh tambahan modal kerja Line Facility MurabahahRevolving dari US$ 5.500.000 menjadi US$ 6.300.000.

3 bidang tanah yang terletak di Jl. Industri No. 54, Desa Tarikolot,Bogor, Jawa Barat, atas nama PT Ricky Putra Globalindo Tbk, dengantotal luas tanah 128.265 M2, dan nilai hak tanggungan sebesar Rp46.175.000.000;

On April 24, 2012, the Entity entered into Loan Agreement based onthe notarial deed of Amriyati A. Supriyadi, S.H., M.H No. 12, where theEntity obtained Line Facility Al Musyarakah with maximum amountingto Rp 70,000,000,000, as an additional working capital. The period ofloan facility is 36 months. The loan bears interest rate at 11% perannum.

Based on Loan Aggrement No. 117/OL/301/IV/2012, the Entityobtained an additional working capital Line Facility MurabahahRevolving from US$ 5,500,000 to US$ 6,300,000.

Berdasarkan Akta Notaris Amriyati A. Supriyadi, S.H., M.H. No. 11,tanggal 24 April 2012, Entitas memperoleh Line Facility AlMurabahah untuk pembelian bahan baku dan bahan pembantudengan jumlah maksimum sebesar US$ 5.500.000, dan jangka waktu36 bulan. Atas pinjaman tersebut, Entitas membayar bunga efektifsebesar 6,5% per tahun.

Based on Loan Agreement No. 117/OL/301/IV/2012, the Entityobtained an additional working capital Line Facility MurabahahRevolving from US$ 5,500,000 to US$ 6,300,000.

Fiduciary value over the inventories amounted to Rp 50,000,000,000;

Spinning machinery which located at Jl. Industri No. 54 Desa Tarikolot,Kec. Citeureup, Kab. Bogor, Jawa Barat with fiduciary value amountedto Rp 52,500,500,000;

Fiduciary value over receivable of all the sales amounted to Rp80,000,000,000.

On April 24, 2012, the Entity entered into Loan Agreement based onthe notarial deed of Amriyati A. Supriyadi, S.H., M.H No. 11, where theEntity obtained Line Facility Al Murabahah with maximum amountingto US$ 5,500,000. This facility period is covered for 36 months. The loanfacility bears an interest rate at 6.5% per annum.

3 plot of land located in Jl. Industri No. 54, Desa Tarikolot, Bogor, JawaBarat, with total area of 128,265 M2 on behalf of PT Ricky PutraGlobalindo Tbk with morgage right amounted to Rp 46,175,000,000;

Land and building which located at Jl. Pluit Samudra No. 11-12 Blok CNo. 2 & 3 Kelurahan Pluit Kecamatan Penjaringan, Jakarta Utara, HGBNo. 3304 on behalf of Ricky Gunawan, total area of 2,500 M2 withmorgage right amounted to Rp 29,062,600,000;

Based on the Amendment of the Credit Agreement by notary GamalWahidin, S.H., No. 2 dated December 3, 2012, the Entity obtained anadditional working capital facility to be US$ 9,000,000; and thesefacilities will be effective since March 27, 2014 and due on March 26,2015. This loan facility bears an interest rate at 7.25 % per annum.

42




• Fasilitas Pembukaan L/C • Opening L/C Facility


› ›

› ›

› ›

› ›

› ›

PT Bank Panin Tbk PT Bank Panin Tbk

• •

• •

20. 20.

Berdasarkan Akta Perubahan Perjanjian Kredit dari notaris GamalWahidin, S.H., No. 9, tanggal 18 Desember 2013, Entitas memperolehtambahan Fasilitas Kredit Modal Kerja maksimum sebesar Rp40.000.000.000; dan fasilitas ini berlaku sejak tanggal 27 Maret 2014sampai dengan 26 Maret 2015. Atas pinjaman tersebut, Entitasmembayar bunga efektif sebesar 10,75% per tahun.

Berdasarkan Akta Perubahan Perjanjian Kredit dari Notaris GamalWahidin, S.H., No. 3, tanggal 3 Desember 2012, Entitas memperolehtambahan Fasilitas Pembukaan L/C, menjadi US$ 19.800.000. Fasilitasini berlaku dari tanggal 27 Maret 2014 sampai dengan 26 Maret2015. Atas pinjaman tersebut, Entitas membayar bunga efektifsebesar 7,25% per tahun.

Sebidang tanah di Jl. Raya Bandung-Garut Km. 28 dengan total luastanah 136.996 M2, dengan nilai pengikatan sebesar Rp11.724.990.000; mesin-mesin spining dengan nilai pengikatansebesar Rp 11.955.000.000; dan bangunan dan sarana dengan nilaipengikatan sebesar Rp 5.400.000.000;Sebidang tanah di Jl. Raya Bandung-Garut 28, Desa Penejoan dengantotal luas tanah 60.170 M2, dengan nilai pengikatan sebesar Rp17.940.000.000; dan bangunan dan sarana dengan nilai pengikatansebesar Rp 46.360.700.000;Sebidang tanah di Jl. Sawah Lio Raya, Jembatan Lima dengan totalluas tanah 2.713 M2, dengan nilai pengikatan sebesar Rp26.585.700.000; dan bangunan dengan nilai pengikatan sebesar Rp14.159.700.000;Sebidang tanah di Desa Tajur, Bogor dengan total luas tanah 107.031M2, dengan nilai pengikatan sebesar Rp 14.302.000.000;

Persediaan barang senilai maksimal sebesar Rp 223.769.010.000;

Tagihan piutang dari seluruh penjualan sampai dengan maksimalsebesar Rp 167.698.650.000.

Pada bulan September 2011, Entitas memperoleh tambahan FasilitasPinjaman Investasi jangka panjang sebesar Rp 9.000.000.000. Jangkawaktu fasilitas pinjaman itu adalah 6 tahun sejak penandatangananperjanjian, dan pembayaran akan dilakukan secara angsuran dengansistem annuity . Tingkat bunga pinjaman adalah sebesar 11% pertahun (dapat direviu setiap saat).

Fasilitas pinjaman ini dijamin dengan APHT II sebesar Rp8.110.000.000 atas tanah seluas 1.477 M², terletak di Jl. Pluit RayaUtara No. 30, Blok N Kav No. 10, Pluit, terdaftar atas nama PaulusGunawan; dan FEO sebesar Rp 2.371.730.598 atas beberapa mesinproduksi.

Pada bulan Juni 2013, Entitas memperoleh tambahan FasilitasPinjaman Investasi jangka panjang III sebesar Rp 13.500.000.000.Jangka waktu fasilitas pinjaman itu adalah 60 bulan, terhitung sejak24 Juli 2013 dan jatuh tempo 24 Juni 2018, dengan tingkat bunga10% per tahun (dapat direviu setiap saat). Efektif tanggal 22Nopember 2013, tingkat bunga disesuaikan sebesar 0,5% dariexisting bunga saat ini.

In June 2013, the Entity obtained additional Long-term InvestmentCredit Facility III amounted Rp 13,500,000,000. The loan facility periodwill be aver 60 month, and effective 24 July 2013 and will be due onJune 24, 2018 with the interest rate at 10% per annum (could bereviewed depend on the market condition). Effective Nopember 22,2013, the interest rate was adjusted at 0.5% from the existing currentinterest rate.

Fiduciary value over the inventories amounted to Rp 223,769,010,000;

The guarantee of this loan facility is APHT II of 1,477 M² landamounted to RP 8,110,000,000, located at Jl. Pluit Raya Utara No. 30,Blok N Kav No. 10, Pluit, registered on behalf of Paulus Gunawan with amorgage value amounted to Rp 2,371,730,598, and some productionmachineries.

In September 2011, the Entity obtained additional long-termInvestment Credit Facility amounted to Rp 9,000,000,000. The periodof loan facility is 6 (six) years, since the signing of this agreement, andthe payment will be made by annuity installment system. The facilitybears interest rate at 11% per annum (and will be reviewed depend onthe market condition).

Land, located at Desa Tajur, Bogor with total area 107,031 M2, withmorgage right amounted to Rp 14,302,000,000;

Fiduciary value over receivables of all the sales amounted to Rp167,698,650,000.

Based on the Amendment of the Credit Agreement by notary GamalWahidin, S.H., No. 9, dated December 18, 2013, the Entity obtainedadditional Working Capital Facility with maximum amounting to Rp40,000,000,000; these facilities will be effective from March 27, 2014and due on March 26, 2015. This loan facility bears an interest rate at10.75% per annum.

Based on the Amendment of the Credit Agreement by notary GamalWahidin, S.H., No. 3 dated December 03, 3012, the Entity obtainedadditional opening L/C Facility amounting to US$ 19,800,000; thesefacilities will be effective from March 27, 2014 and will be due onMarch 26, 2015. The loan facility bears an interest rate at 7.25 % perannum.

Land, located in Jl. Raya Bandung-Garut Km. 28, Desa Penejoan withtotal area 60.170 M2, with morgage right amounted to Rp17,940,000,000; and building and infrastructures with morgage rightamounted Rp 46,360,700,000;

Land which located at Jl. Raya Bandung-Garut Km. 28 with total area136,996 M2, with morgage right amounted to Rp 11,724,990,000;spining machineries with morgage right of Rp 11,955,000,000; andbuilding and infrastructures with morgage right of Rp 5,400,000,000;

Land which located at Jl. Sawah Lio Raya, Jembatan Lima with totalarea 2,713 M2, with morgage right amounted Rp 26,585,700,000; andbuilding with morgage right amounted to Rp 14,159,700,000;

43





› ›

PT Bank CIMB Niaga Tbk PT Bank CIMB Niaga Tbk

• •

Tingkat bunga pinjaman ini sebesar 11% per tahun. The loan interest rate at 11% per annum.


• PT Ricky Tekstil Indonesia (RTI), Entitas Anak • PT Ricky Tekstil Indonesia (RTI), Subsidiary


› ›

› Corporate Guarantee dari PT Ricky Putra Globalindo Tbk. › Corporate Guarantee from PT Ricky Putra Globalindo Tbk.

• PT Ricky Garmen Exportindo (RGE), Entitas Anak • PT Ricky Garmen Exportindo (RGE), Subsidiary

Tanah dan bangunan rumah tinggal yang terletak di Jl. PluitSamudra No. 11-12 Blok C No. 2 & 3, Kelurahan Pluit KecamatanPenjaringan Jakarta Utara, HGB No. 3304 a/n Ricky Gunawan, luastanah 2.500 M2;

Pada tanggal 6 Pebruari 2013, RTI memperoleh Al MusyawarahRevolving sebesar Rp 20.000.000.000, dengan jangka waktu 36bulan.

20. 20.

Pada tanggal 29 September 2012, RGE juga memperoleh fasilitas Line Facility Al Musyarakah I dan Al Musyarakah II masing-masingsebesar US$ 3.000.000 dan Rp 7.200.000.000, dengan jangka waktu36 bulan, maksimal jangka waktu per pencairan adalah 8 bulandengan tingkat bunga untuk masing-masing Al Musyarakah I dan Al Musyarakah II 7,5% dan 11%. Jumlah pinjaman per 31 Desember2014 masing-masing adalah sebesar US$ 2.457.615 dan Rp3.350.000.000 (2013: masing-masing sebesar US$ 2.498.500 dan Rp1.800.000.000).

Fasilitas pinjaman ini dijamin dengan sebidang tanah SHM No.1055/Pulo seluas 587 M2, dan saat ini sedang dalam pengurusanpenurunan hak menjadi HGB atas nama PT Ricky Putra GlobalindoTbk, dengan APHT I senilai 38.552.860.000 (Catatan 11).

APHT III sebesar Rp 12.600.000.000 atas tanah seluas 1.477 M2berikut bangunan yang berdiri di atasnya yang terletak di Jl. PluitRaya Utara No. 30, Blok N Kav No. 10 dengan SHM No. 4111 a/nPaulus Gunawan;

Tanah, bangunan, dan sarana pelengkap pabrik yang terletak di Jl.Industri No. 54 Desa Tarikolot Kec. Citeureup Kabupaten BogorJawa Barat, dengan SHGB No. 6/Ds Tarikolot a/n PT Ricky PutraGlobalindo Tbk, luas tanah 5.213 M2; SHGB No. 7/Ds Tarikolot a/nPT Ricky Putra Globalindo Tbk, luas tanah 52.672 M2, SHGB No.10/Ds Tarikolot a/n PT Ricky Putra Globalindo Tbk, luas tanah70.380 M2;

Pada tanggal 25 September 2012, RGE memperoleh fasilitas Line Facility Al Murabahah sebesar US$ 1.712.000, dengan jangka waktu60 bulan, maksimal jangka waktu per pencairan adalah 6 bulandengan tingkat bunga 6,5%. Jumlah pinjaman per 31 Desember 2014adalah sebesar US$ 1.407.517 (2013: US$ 1.174.074).

FEO sebesar Rp 3.675.630.598 atas 1 unit mesin Yin Grand AutoCuttter.

Pada tanggal 26 Desember 2012, Entitas memperoleh FasilitasPinjaman Investasi sebesar Rp 30.000.000.000. Jangka waktu fasilitaspinjaman itu adalah 6 tahun, efektif 26 Desember 2012 sampai 26Desember 2017.

On December 26, 2012, the Entity obtained the Credit InvestmentFacility amounted to Rp 30,000,000,000. The period credit facility is 6year and effective from the December 26, 2012 to December 26, 2017.

The Credit facilities are secured by Land HGB No. 1055 with total area587 M², and presently on the process of decreasing right to be HGB,registered on behalf of PT Ricky Putra Globalindo Tbk, with APHT 1amounted to Rp 38,552,860,000 (Note 11).

FEO amounted Rp 3,675,630,598 of 1 unit machine Yin Grand AutoCuttter.

APHT III amounted Rp 12,600,000,000 of 1,477 M2 land and buildingwhich located at Jl. Pluit Raya Utara No. 30, Blok N Kav No. 10 withSHM No. 4111 on behalf of Paulus Gunawan;

On February 6, 2013, RTI obtained Al Musyawarah Revolving amountedof Rp 20,000,000,000. The period credit facility is 36 month.

On September 25, 2012, RGE obtained Line Facility Al Murabahahamounted of US$ 1,712,000. The period credit facility is 60 month,maximum each withdrawal period is 60 month. The loan interest rate at6.5% per annum. Total loan as per December 31, 2014 amounted toUS$ 1,407,517 (2013: US$ 1,174,074).

On September 29, 2012, RGE also obtained Line Facility Al MusyarakahI dan Al Musyarakah II amounted of US$ 3,000,000 dan Rp7,200,000,000 respectively. The period credit facility is 36 month,maximum each withdrawal period is 8 month. The loan interest rate forAl Musyarakah I dan Al Musyarakah II at 7.5% dan 11% respectively.Total loan as par December 31, 2014 amounted to US$ 2,457,615 andRp 3,350,000,000 respectively (2013: US$ 2,498,500 and Rp1,800,000,000 respectively).

Land, building, and tool factory which located in Jl. Industri No. 54Desa Tarikolot Kec. Citeureup Kabupaten Bogor Jawa Barat, withSHGB No. 6/Ds Tarikolot on behalf PT Ricky Putra Globalindo Tbk,total area 5,213 M2; SHGB No. 7/Ds Tarikolot on behalf PT RickyPutra Globalindo Tbk, total area 52,672 M2, SHGB No. 10/DsTarikolot on behalf PT Ricky Putra Globalindo Tbk, total area 70,380M2;

Land and building which located in di Jl. Pluit Samudra No. 11-12Blok C No. 2 & 3, Kelurahan Pluit Kecamatan Penjaringan JakartaUtara, HGB No. 3304 on behalf Ricky Gunawan, total area 2,500 M2;

44





› ›

› ›

› ›

› Corporate Guarantee dari PT Ricky Putra Globalindo Tbk. › Corporate Guarantee from PT Ricky Putra Globalindo Tbk.

• PT Ricky Mumbul Daya (RMD), Entitas Anak • PT Ricky Mumbul Daya (RMD), Subsidiary


HUTANG SEWA GUNA USAHA OBLIGATION UNDER CAPITAL LEASE

Tahun yang berakhir pada tanggal 31 Desember: For the years ended Desember 31:2014 20142015 20152016 20162017 2017

Dikurangi: Bunga sewa guna usaha Less: Interest of obligation under capital lease

Total, neto Total, netDikurangi: Bagian lancar Less : Current maturity

Bagian jangka panjang Long-term portion

20. 20.

Tanah, bangunan dan sarana pelengkap pabrik yang terletak di Jl.Industri No. 54 Desa Tarikolot Kec. Citeureup, Kabupaten Bogor,Jawa Barat dengan total luas tanah 128.265 M2.

Tanah dan bangunan rumah tinggal yang terletak di Jl. PluitSamudra No. 11-12 Blok C No. 2 & 3 Kelurahan Pluit, KecamatanPenjaringan Utara, HGB No. 3304 a/n. Ricky Gunawan. Luas tanah2.500 M2, luas bangunan 2.513 M2.Seluruh mesin produksi dan mesin pembantu lainnya yang dibelidengan pembiayaan BMI senilai US$ 2.014.782.Piutang dagang atas seluruh usaha RGE dengan nilai minimalsebesar US$ 5.462.000.

Rp

(3,758,543,415)

2,046,393,640 177,869,269

12,202,968,969

27,884,937,314

Pembayaran sewa guna usaha minimum (minimum lease payment ) dimasa yang akan datang pada tanggal 31 Desember 2014 dan 2013adalah sebagai berikut:

2 0 1 4 2 0 1 3Rp

(6,275,858,324) 31,643,480,729 38,430,877,397

32,155,019,073

21. 21.

(14,002,322,897) (12,445,420,735)

13,882,614,417 19,709,598,338

The future minimum lease payment as of Desember 31, 2014 and 2013are as follows:

Account receivable for all business of RGE with minimum amount isUS$ 5,462,000.

The production machinery and other machinery which bought fromBMI amounted of US$ 2,014,782.

Land and building which located at Jl. Pluit Samudra No. 11-12 Blok CNo. 2 & 3 Kelurahan Pluit, Kecamatan Penjaringan Utara, HGB No.3304 on behalf Ricky Gunawan. Total land area 2,500 M2, totalbuilding area 2,513 M2.

Land, building, and factory infrastructures which located at Jl.Industri No. 54 Desa Tarikolot Kec. Citeureup, Kabupaten Bogor,Jawa Barat with total area 128,265 M2.

− 16,703,803,551

12,905,060,749 9,346,235,608

Pada tanggal 20 Oktober 2014, RMD memperoleh fasilitasInstallment Loan sebesar Rp 1.000.000.000, dengan jangka waktu 60bulan dan tingkat bunga sesuai ketentuan yang berlaku di PT BankCentral Asia Tbk. Jumlah pinjaman per 31 Desember 2014 adalahsebesar Rp 966.666.666.

On October 20, 2014, RMD obtained Installment Loan amounted of Rp1,000,000,000. The period credit facility is 60 month. The loan interestrate according to PT Bank Central Asia Tbk provision per annum. Totalloan as per December 31, 2014 amounted to Rp 966,666,666.

Building infrastructures No. 3410/rejosari with total area 750 M2.Hak guna bangunan no. 3410/rejosari atas sebidang tanahsebagaimana diuraikan dalam surat ukur tanggal 24 April 1999 no.13/rejosari/1998 seluas 750 M2.

This facility is secured by RMD’s land and building, SHGB No. 3410 inRejosari, Semarang (Note 11) with the guarantee value of Rp1,000,000,000 (Note 7).

Pinjaman tersebut dijamin dengan tanah dan bangunan denganSHGB No. 3410/Rejosari dan persediaan barang dagangan senilai Rp1.000.000.000. (Catatan 7).

Pada tanggal 20 Oktober 2014, RMD memperoleh fasilitas KreditInvestasi sebesar Rp 3.500.000.000, dengan jangka waktu 84 bulandan tingkat bunga sesuai ketentuan yang berlaku di PT Bank CentralAsia Tbk. Jumlah pinjaman per 31 Desember 2014 adalah sebesar Rp3.500.000.000.

On October 20, 2014, RMD obtained working capital facility amountedof Rp 3.500.000.000. The period credit facility is 60 month. The loaninterest rate according to PT Bank Central Asia Tbk provision perannum. Total loan as per December 31, 2014 amounted to Rp3,500,000,000.

16,692,026,340

45



LIABILITAS IMBALAN PASCA KERJA POST - EMPLOYMENT BENEFIT OBLIGATIONS

Tingkat diskonto (per tahun) : : Discount rate (per year)Tingkat kenaikan gaji (per tahun) : : Salary increment rate (per year)Metode Perhitungan : : Calculation methodTingkat Mortalitas : : Mortality rateTingkat kecacatan : : Disability rateUsia pensiun : : Normal pension rate

Changes in post-employment benefit obligations are as follows:

Entitas The EntityEntitas Anak Subsidiaries

RMW RMWJRA JRARAJ RAJRMD RMDRJS RJSRHC RHCRGE RGERTI RTIRG RGRS RSRTM RTMRCR RCRRK RK

Total Total

2 0 1 4

Asumsi menggunakan perhitungan liabilitas imbalan pasca kerja sebagaiberikut:

Entitas dan Entitas Anak menghitung dan membukukan liabilitas pascakerja untuk seluruh karyawannya yang berhak memperoleh imbalanpasca kerja, sesuai Keputusan Menteri Tenaga Kerja No. 150/Men/2000dan telah direvisi dengan UU No. 13 tahun 2003 tentang penyelesaianpemutusan hubungan kerja dan penetapan uang pesangon, uangpenghargaan masa kerja dan ganti kerugian di Entitas. Tidak terdapatpendanaan yang disisihkan oleh Entitas dan Entitas Anak sehubungandengan estimasi liabilitas tersebut.

Liabilitas imbalan pasca kerja Entitas dan Entitas Anak pada tanggal 31Desember 2014 dan 2013 telah dihitung oleh PT Gemma MuliaInditama, PT Prima Bhaksana Lestari, PT Jasa Gemma Aktuaria, dan PTJasa Aktuaria Pensiun dan Asuransi, aktuaris independen.

2 0 1 4 2 0 1 3

22. 22.

8%5%

Projected Unit CreditTMI - 3

10%xTMI - 355 years

8%5%

Projected Unit CreditTMI - 3

10%xTMI - 355 years

Post-employment benefit obligations of the Entity as of December 31,2014 and 2013 were calculated by PT Gemma Mulia Inditama, PT PrimaBhaksana Lestari, PT Jasa Gemma Aktuaria, and PT Jasa Aktuaria Pensiundan Asuransi, independent actuary.

84,784,906 79,087,533

553,181,652

159,206,373 56,882,190 (42,851,500) 224,479,237

697,557,940

Realisasi Saldo1 Jan 2014/

11,087,579,271 1,850,772,672 (1,919,375,661) 11,018,976,282

47,011,558

326,127,575 227,054,077 −274,805,684 439,132,186 (157,543,258)

13,806,714,508 3,876,992,930 (2,300,633,778) 15,383,073,660

187,432,880 − 187,432,880 568,273,651 − 568,273,651

41,673,315 2,869,595 44,542,910 24,324,348 − 24,324,348

Assumption used in the calculation of liabilities for post employmentbenefits are as follows:

The Entity and its Subsidiaries calculated the post-employment benefitsfor its required employees, in conformity with Decree of Minister ofManpower No. Kep-150/Men/2000, which has been revised withManpower Law No. 13 year 2003 regarding “the settlement of workdismissal and determination of separation, gratuity and compensationpayments by entities”. There is no funding provided by the Entity and itsSubsidiaries related to the estimated liabilities.

556,394,612

− 417,521,657 (23,000,000) 337,614,447

144,750,565 (136,242,033) 706,066,472

Mutasi liabilitas imbalan pasca kerja sebagai berikut:

Saldo Beban

173,237,063 202,767,679 (25,300,000)

Tahun Berjalan/ Pembayaran/ 31 Des 2014/Balance Charged to Benefit Balance

Jan 1, 2014 Current Year RealizationRp Rp

− 51,715,695 809,079 52,524,774

Rp RpDec 31, 2014

444,406,320 74,097,354 −

−−−−

281,526,914

518,503,674

332,736,751

46



LIABILITAS IMBALAN PASCA KERJA (Lanjutan) POST - EMPLOYMENT BENEFIT OBLIGATIONS (Continued)

Entitas The EntityEntitas Anak Subsidiaries

RMW RMWJRA JRARAJ RAJRMD RMDRJS RJSRHC RHCRGE RGERTI RTI

Total Total

MODAL SAHAM CAPITAL STOCK

Lembar Saham/

Spanola Holding, Ltd Spanola Holding, LtdPT Ricky Utama Raya PT Ricky Utama RayaDenzin International Limited Denzin International LimitedMasyarakat (masing-masing di bawah 5%) Public (Individually less than 5%)

Total Total

TAMBAHAN MODAL DISETOR, NETO ADDITIONAL PAID-IN CAPITAL,NET

Tambahan modal disetor saat Additional paid-in capital from Penawaran Umum Saham Perdana Initial Public Offering (IPO)Biaya emisi saham Share issuance cost

Selisih nilai transaksi kombinasi bisnis Difference in value from restructuing entitas sepengendali transactions

Tambahan modal disetor, neto Total additional paid-in capital, net

22. 22.

320,858,755,000

ShareholderPaid-in CapitalTotal

Modal Disetor/Total

Rp

62,500,000,00049,596,050,00042,047,750,000

166,714,955,000

Pemegang Saham

19.4815.4613.1051.96

100.00

24. 24.

Tambahan modal disetor saat penawaran umum saham perdanaberasal dari penawaran umum saham perdana pada tahun 1998sebanyak 60.000.000 saham tahun 1998.

2 0 1 3

6,000,000,000 6,000,000,000 (944,246,000) (944,246,000)

(170,995,884) (170,995,884)

4,884,758,116 4,884,758,116

23.

PresentaseKepemilikan/Percentage of

OwnershipShare Number of

Jumlah

Susunan pemegang saham Entitas pada tanggal 31 Desember 2014 dan2013 berdasarkan daftar yang dikeluarkan oleh PT Raya Saham Registra, Biro Administrasi Efek, adalah sebagai berikut:

12,362,652,742

Beban

23.

333,429,910

125,000,000

641,717,510

%

Rp Rp

Entitas telah mencatatkan seluruh sahamnya pada Bursa EfekIndonesia.

2 0 1 4

99,192,100 84,095,500

(1,646,072,700)

The additinal paid in capital from IPO arose from proceeds Initial PublicOffering of to 60,000,000 shares in 1988.

The Entity has listed all its shares on the Indonesian Stock Exchange.

The composition of stockholders based on the list of stockholders issuedby PT Raya Saham Registra, Securities Administration Bureau as ofDecember 31, 2014 and 2013 are as follow:

1,884,873,491

31 Des 2013/

11,087,579,271

2 0 1 3Realisasi Saldo

Pembayaran/Tahun Berjalan/

Current YearCharged to

63,363,643 30,146,984

487,439,220

Saldo

444,406,320

76,062,334

159,206,373 202,767,679 332,736,751 281,526,914 697,557,940

326,127,575 274,805,684

3,227,646,266

326,127,575 274,805,684

(21,424,000) (2,975,000) −

(21,424,000) (48,655,900) (43,032,900) −−

BalanceJan 1, 2013

Rp Rp Rp

Benefit BalanceRealization Dec 31, 2013

13,806,714,508

1 Jan 2013/

(1,783,584,500)

130,963,769 170,581,949 256,674,417 239,587,271 716,066,856

−−

Rp

49,666,604 35,160,730

10,848,778,480

−

47



APPROPRIATED RETAINED EARNINGS AND CASH DIVIDEND

• •

- -

- Penyisihan cadangan sebesar Rp 100.000.000. - Set side of Rp 100,000,000 as appropriated of retained earning.

- RUPS 23 Juni 2014: RUPS 23 June 2014: -Akta Notaris Syarifah Choize S.H., No. 7 Notarial deed of Syarifah Choize S.H., No. 7





Total Total

KEPENTINGAN NONPENGENDALI NON-CONTROLLING INTERESTS

PT RMD PT RMDPT RAJ PT RAJPT JRA PT JRAPT RJS PT RJSPT RMW PT RMWPT RHC PT RHCPT RTI PT RTIPT RGE PT RGEPT RT Mahkota PT RT MahkotaPT RG PT RGPT RS PT RSPT RCR PT RCRPT RK PT RK

Total Total

Based on the Annual General Shareholders Meeting dated June 23,2014 as stated in notarial deed No. 33 of Syarifah Chozie S.H., theshareholders decided determining of the 2013's net income of Rp8,720,546,989 as below:

25.

Subsidiaries

1,852,509,267

91,847,769 −

Bagian Laba(Rugi) Entitas

9,639,471 −

Entitas Anak

2 0 1 4

876,828,719 −

1,543,035

26. 26.

80,547,020 − (356,095,770) (275,548,750) 4,740,037,165 − 272,706,598 5,012,743,763

PenambahanInvestasi

Saldo (Dividen)/ Saldo1 Jan 2014/ Additional

SALDO LABA YANG DITENTUKAN PENGGUNAANNYA DAN PEMBAGIANDIVIDEN

2 0 1 4 2 0 1 3Rp Rp

50,000,000 50,000,000

25.

100,000,000 −

Balance Investment BalanceJan 1, 2014 (Dividend) Dec 31, 2014

2,817,358,562

550,000,000 450,000,000

100,000,000

Saldo laba yang ditentukan penggunaannya pada tanggal 31 Desember2014 dan 2013 adalah sebagai berikut:

176,193,899 10,310,647

1,982,653 − 402,777 407,667,611 −

2,848,441,197 11,853,682

2,385,430

983,803,782

475,428,036

964,849,295

2,672,247,298 −

2,049,009 11,688,480 479,474,944 (29,584,328) 36,812,616 486,703,232

67,760,425

3,133,674,897 318,469,593 3,452,144,491

106,975,063

876,566,424 (525,939,854)

−

100,000,000

100,000,000

200,000,000

100,000,000

200,000,000

Berdasarkan Rapat Umum Pemegang Saham Tahunan tanggal 23 Juni2014, dengan akte notaris No. 33 dari Syarifah Chozie S.H.,memutuskan penetapan penggunaan laba bersih Entitas untuk tahunyang berakhir tanggal 31 Desember 2013 sebesar Rp 8.720.546.989sebagai berikut:

pembagian deviden tunai sebesar Rp 4 per lembar saham untuk641.717.510 lembar saham atau sebesar Rp 2.566.870.040.

Rp Rp Rp

−

Anak/

186,981,005

Share Profit(Loss) of

Subsidiaries

537,607,575

Rp

31 Des 2014/

The balance of apprpriated retained earnings as of December 31, 2014and 2013 is as follows:

Cash dividend payment at Rp 4 per share to 641,717,717,510 shares,or total of Rp 2,566,870,040;

16,276,250,343

(88,359,137)

12,099,658,988 2,578,150,715 1,598,440,640

(180,206,906) −

48



KEPENTINGAN NONPENGENDALI (Lanjutan) NON-CONTROLLING INTERESTS (Continued)

PT RMD PT RMDPT RAJ PT RAJPT JRA PT JRAPT RJS PT RJSPT RMW PT RMWPT RHC PT RHCPT RTI PT RTIPT RGE PT RGEPT RT Mahkota PT RT MahkotaPT RG PT RGPT RS PT RSPT RCR PT RCR

Total Total

PENJUALAN NETO NET SALES

Garmen GarmentLokal Local

Pakaian dalam UnderwearPakaian luar FashionwearLain-lain Others

Ekspor ExportPakaian dalam UnderwearPakaian luar Fashionwear

Spinning SpinningLokal LocalEkspor Export

Total Total

26. 26.

−

−

Rp Rp

1,383,983,167

2,110,496

352,623,935,311

247,304,856,767

490,599,665 −

Balance Beginning

750,000,000 126,566,424 876,566,424

−

− 4,249,437,500 − −−

777,051,178

Entitas Anak

Penambahan2 0 1 3

Jan 1, 2013 Balance (Dividend) Subsidiaries Dec 31, 2013

4,740,037,165 −

1,357,913,018 −

27.

109,682,987,433

1,601,802 1,982,653 358,373,296 − −

5,203,343,505

108,157,717 479,474,944 9,639,471

49,294,315 407,667,611 7,528,975 −

2 0 1 4

326,886,603,117

136,000,062,720 107,642,781,765

40,340,381,634 22,127,914,606

−

389,320,902

2 0 1 3

Subsidiaries

99,777,541

256 − 380,595

%

−

Additional

Bagian Laba (Rugi)

Saldo Entitas Anak Saldo1 Jan 2013/

Saldo Awal/Share Profit 31 Des 2013/

57,802,336,893

51,234,650,802

27.

272,908,611,575

100,000,000

120,530,150,329

Investment (Loss) of

Pada tahun 2014 dan 2013, tidak ada penjualan kepada satu pihak yangmelebihi 10% dari total penjualan neto konsolidasian.

Rp

876,828,719 1,852,509,267

Rp

12,099,658,988

325,037,091 46,280,136 −

200,000,000 (108,152,231) 91,847,769

Rp Rp

105,275,347

There were no sales that exceeded 10% of the 2014 and 2013consolidated net sales.

212,894,816 5,299,437,500

Penyesuaian

Adjustment on(Dividen)/Investasi

1,185,443,580,242 984,185,102,135

145,582,203,377 178,961,206,048

Balance

(19,452,980) 80,547,020

2,367,106,048 61,338,556 − 243,802,694 2,672,247,298 8,732,097 521 − 1,578,029 10,310,647

49



HARGA POKOK PENJUALAN COST OF GOODS SOLD

Bahan bakuSaldo awal Beginning balancePembelian Purchases

Bahan baku siap digunakan Materials available for usedSaldo akhir Ending balance

Bahan baku yang digunakan Raw materials used

Direct laborManufacturing overhead

Bahan pembantu Indirect materialListrik, air dan telepon DeliveryBiaya jasa maklon Maklon feePenyusutan (Catatan 11) Electricity, water and telephonePemeliharaan dan perbaikan Fuel and oilBahan bakar dan pelumas Depreciation (Note 11)Pengiriman Repair and maintenanceImbalan pasca kerja (Catatan 22) Post-employment benefit (Note 22)Sewa Administration, provision and L/C expensesPerijinan InsuranceAsuransi LicenseKeamanan SecurityBiaya administrasi, provisi pembukaan L/C RentalLain-lain Others

Total biaya pabrikasi Total manufacturing overhead

Total biaya produksi Total manufacturing cost

Barang dalam proses Work in processBeginning balance

Ending balance

Biaya pokok produksi Cost of goods manufactured

Barang jadi Finished goodsBeginning balance

Pembelian PurchasesEnding balance

Beban pokok penjualan Cost of goods sold

Pada tahun 2014 dan 2013, tidak ada pembelian dari satu pihak yang melebihi10% dari total pembelian bersih konsolidasian.

2 0 1 4 2 0 1 3

460,659,360,118

106,202,323,184

91,042,473,989

138,522,302,036

120,622,104,697

28.

103,021,660,474

93,004,332,265

450,932,098,241 454,669,898,757

Rp

254,042,228,488

(185,368,164,970)

4,476,036,834

829,449,778

(78,037,676,690)

Awal tahun

41,929,594,931

Biaya pabrikasi

Akhir tahun

Awal tahunAkhir tahun

133,010,632,356

1,362,914,405

28.

1,035,620,998

Rp

500,187,868,528

638,048,768,298

(91,042,473,989)

599,181,662,154 (148,249,563,913)

186,937,602

1,218,665,505

6,161,910,284

4,332,387,8684,604,065,097

52,964,232,335

711,537,361,541

1,850,772,672

943,887,339,715

264,604,100683,910,579

9,926,884,453

4,417,388,799

(138,522,302,036)

Tenaga kerja langsung

28,600,588,674

593,192,200,793

5,412,479,700

1,884,873,491

138,973,005,414 118,967,540,605

62,797,578,960

25,068,713,218 19,582,105,12411,516,504,431

108,602,104,096

838,601,228,725

−

825,596,431,426 666,293,663,327

−

Raw materials

There were no purchase of raw materials that exceeded 10% of the 2014 and2013 total consolidated net purchase.

(151,681,270,546)

707,399,883

369,828,136

151,681,270,546

245,831,330

50



BEBAN PENJUALAN SELLING EXPENSES

Gaji dan tunjangan Salaries and allowancesIklan dan promosi Advertising and promotionPengiriman/ekspedisi Delivery/expeditionRoyalti RoyaltyPotongan penjualan Sales discountsBiaya penjualan lain-lain Others sales expensesClaim Penjualan Sales claimKomisi penjualan Sales commissionBiaya administrasi penjualan Sales administrationBahan bakar dan pelumas Fuel and oilPerlengkapan kantor Office equipmentPerjalanan dinas TravellingTunjangan pajak penghasilan Income tax allowancePerjamuan dan sumbangan Representation and donationKeperluan counter Counter chargePerijinan LicensesPenelitian, pengembangan dan jasa teknis Research and development and technical servicesAir, listrik dan telepon Electricity, water and telephoneSewa RentalAsuransi InsurancePemeliharaan dan perbaikan Repairs and maintenancePenyusutan (Catatan 11) Depreciation (Note 11)Imbalan pasca kerja (Catatan 22) Post-employment benefit (Note 22)Lain-lain Others

Total Total

BEBAN UMUM DAN ADMINISTRASI GENERAL AND ADMINISTRATIVE EXPENSES

Gaji dan tunjangan Salaries and allowancesPenyusutan (Catatan 11) Depreciation (Note 11)Perjalanan dinas TravellingPemeliharaan dan perbaikan Repairs and maintenanceAir, listrik dan telepon Electricity, water, and telephoneImbalan pasca kerja (Catatan 22) Post-employment benefit (Note 22)Perijinan LicensesBahan bakar dan pelumas Fuel and oilJasa profesional Professional feeTunjangan pajak penghasilan Income tax professionalPerlengkapan kantor Office suppliesAsuransi InsuranceSumbangan dan perjamuan Entertainment and donationBeban pajak Tax expensesPenelitian, pengembangan dan jasa teknis Research and development and technical servicesBiaya rumah tangga HouseholdSewa RentalKeamanan SecuritiesIklan AdvertisingPenyusutan properti investasi (Catatan 12) Depreciation of Investment property (Note 12)Biaya amortisasi Amortization expensesPengiriman Delivery/expeditionAmortisasi sewa guna usaha AmortizationLain-lain Others

Total Total

4,299,193,264

93,951,015,897

108,549,899

26,058,252

1,387,044,795

34,026,084 27,348,167

− 8,813,629

1,143,200,936

1,785,482,517 1,088,046,069

729,578,739

289,878,007 691,295,255

967,833,134

162,873,223

2,869,820,260

218,025,301 581,726,251

30.

388,368,107

30,146,9841,115,490,894

614,617,055918,998,184

3,160,948,182

29.

3,453,204,516

1,612,470,648

904,957,754

1,513,193,799

3,318,007,942

115,060,649,269

961,115,078 571,775,000

276,653,758

265,239,294

554,165,847

47,011,558

Rp

551,948,021

439,759,276 464,284,791

3,315,533,818

2,946,529,856

149,149,962

1,936,707,091

1,428,402,313 1,236,271,852

63,939,657,452 62,468,394,631

2,748,084,564 3,375,511,718

415,337,083

24,738,467,567

1,405,609,571

580,987,328

1,057,218,045

71,550,000 71,550,000

92,948,499

1,030,282,045

3,124,488,449

1,910,027,578

9,701,744,439 6,981,058,011 4,211,630,455

5,953,627,991

3,844,432,548 3,562,958,356

611,128,632

3,316,620,882

13,878,111,791

64,355,000 42,288,333

1,620,795,226

Rp Rp

1,772,960,656 3,736,494,007

1,785,618,707

30.

2 0 1 4 2 0 1 3

567,399,440

2,714,186,009

29.

30,065,038,286 24,423,364,028

1,237,754,418

22,396,312,095

26,927,984,407 22,182,868,509 9,087,847,451 8,605,369,457 4,976,050,479 5,991,023,274

2 0 1 4Rp

2 0 1 3

1,489,497,473

16,846,910,506

767,144,873

249,972,189 2,251,821,790

2,257,121,933

143,151,202

74,516,500 149,514,850

892,658,777

822,576,461

51



BEBAN BUNGA INTEREST EXPENSES

Beban bunga hutang dan pinjaman adalah Interest expense on payable and loansebagai berikut: are as follows:Bank BankSewa guna usaha Leasing

Total Total

LABA PER SAHAM DASAR BASIC EARNINGS PER SHARE

Laba yang dapat diatribusikan kepada Net income attributable to ownerpemilik entitas induk of the parent entity

Rata-rata tertimbang saham biasa Weighted average number of yang beredar ordinary shares in issue

Laba per saham dasar Basic earnings per share

NILAI WAJAR ASET DAN LIABILITAS KEUANGAN FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES

Aset Keuangan Financial Assets- Kas dan setara kas Cash and cash equivalents -

- Piutang usaha Accounts receivable -

- Piutang lain-lain Other receivables -

- Uang jaminan Refundable deposit -

Total Total

Liabilitas Keuangan Financial Liabilities- Pinjaman bank jangka pendek Short-term bank loan -

- Hutang usaha Accounts payable -

- Hutang lain-lain Other payables -

- Biaya masih harus dibayar Accrued expenses -

- Pinjaman bank jangka panjang Long-term bank loan -

Total Total

Carrying Amount Fair Value

3,984,493,784 106,581,933,164

16,164,651,144 9,166,815,975

539,433,662,592

720,731,242,000

3,984,493,784

59,099,525,867 36,748,589,318

Nilai tercatat dan estimasi nilai wajar dari aset dan liabilitas keuanganEntitas dan Entitas Anak pada tanggal 31 December 2014 dan 2013adalah sebagai berikut:

720,731,242,000

38,189,248,035 36,200,143,025

358,125,275,205

3,167,669,747 3,167,669,747

326,590,810,293 326,590,810,293

38,189,248,035

21.06 11.43

641,717,510 641,717,510

Rp

675,331,556,658

36,748,589,318

3,315,472,150

Rp

43,891,865,800

Rp

248,485,303,193 248,485,303,193

Rp

259,510,134,163

47,496,961,567

Rp Rp

13,513,091,000 7,336,590,822

Pada tanggal laporan posisi keuangan, Entitas tidak memiliki efek yangberpotensi menjadi saham biasa yang dilutif.

33.

Laba per saham dasar (LPS – dasar) dihitung dengan cara membagi lababersih yang tersedia bagi pemegang saham dengan rata-ratatertimbang saham biasa yang beredar pada tahun yang bersangkutan.

Nilai Tercatat/Carrying Amount

2 0 1 4Nilai Tercatat/ Nilai Wajar/

2 0 1 4 2 0 1 3

32. 32.

31. 31.

2 0 1 4 2 0 1 3

44,024,490,812 42,321,067,5723,472,470,755

Rp

1,570,798,228

33.

The carrying values and fair values estimated of Entity and Subsidiaries'financial assets and liabilities as of December 31, 2014 and 2013 are asfollows:

At the statement of financial position date, the Entity did not haveordinary shares with dilutive potential.

Basic earnings per share (EPS – basic) is calculated by dividing the netincome attributable to shareholders by the weighted average number ofordinary shares issued during the year.

2 0 1 3

675,331,556,658

358,125,275,205

Rp

59,099,525,867 259,510,134,163

6,588,190,135 6,588,190,135 64,145,286,486 64,145,286,486 33,981,251,432 33,981,251,432

8,296,124,341

106,581,933,164 16,164,651,144

9,166,815,975 539,433,662,592

Nilai Wajar/

36,200,143,025 3,315,472,150

8,296,124,341 607,720,389,606 607,720,389,606

Fair Value

52



NILAI WAJAR ASET DAN LIABILITAS KEUANGAN (Lanjutan) FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (Continued)

Aset Keuangan Lancar dan Liabilitas Keuangan Jangka Pendek Current Financial Assets and Financial Liabilities

Liabilitas Keuangan Jangka Panjang Long-term Financial Liabilities

Aset Keuangan Tidak Lancar Non-current Financial Assets

TRANSAKSI KEPADA PIHAK BERELASI RELATED PARTIES TRANSACTIONS

a. Sifat Pihak Berelasi dan Transaksi a. Nature of Relationships and Transactions

PT Taitat Putra Rezeki Entitas afiliasi/Affiliate - Pembelian/Purchase- Penjualan/Sales- Sewa kantor/Office lease

PT Uomo Donna Indonesia Entitas afiliasi/Affiliate - Pembelian/Purchase- Penjualan/Sales- Sewa kantor/Office lease

b. Transaksi kepada Pihak Berelasi b. Relatied Parties Transactions

• Penjualan • Sales

PT Uomo Donna Indonesia PT Uomo Donna IndonesiaPT Taitat Putra Rezeki PT Taitat Putra Rezeki

Total TotalPersentase terhadap total penjualan

konsolidasian Percentage of total consolidated sales

33. 33.

Liabilitas keuangan jangka panjang dengan suku bunga tetap/variabelyang disesuaikan dengan pergerakan suku bunga pasar, persyaratan,risiko kredit dan jatuh tempo yang sama, sehingga jumlah terutangliabilitas keuangan tersebut telah mendekati nilai wajar.

2,540,849,664

Rp

Metode dan asumsi berikut ini digunakan oleh Entitas dan Entitas Anakuntuk melakukan estimasi atas nilai wajar setiap kelompok instrumenkeuangan:

Aset keuangan tidak lancar merupakan uang jaminan. Nilai wajarnyaditentukan dengan mendiskontokan arus kas masa datangmenggunakan suku bunga yang berlaku dari transaksi pasar yang dapatdiamati untuk instrumen dengan persyaratan, risiko kredit dan jatuhtempo yang sama. Uang jaminan dalam bentuk deposito berjangkamemperoleh pendapatan bunga dengan tingkat bunga pasar, dengandemikian, nilai tercatat mendekati nilai wajar.

Sifat Berelasi/

401,301,052 2,744,115,773

− 203,266,109

Nature of Related PartiesPihak yang Berelasi/

0.28%

Sifat Transaksi/

0.03%

34.

Long-term financail liabilities has floating interest rates which areadjusted in the movements of market interest rates, thus the payableamounts of this financial liability approximate its fair values.

Non-current financial asset represent Security deposit. Fair value ofsecurity deposits are determined by discounting the future cash flowsusing prevailing interest rates of observable market transactions for aninstrument with the same requirements, credit risk and maturity. Securitydeposit in form of time deposit earns interest income at market rate, thusthe carrying value approximate their fair values.

Current financial assets consist of cash and cash equivalents, accountsreceivable and other receivables, meanwhile short-term financial liabilitiesconsist of short-term bank loans and accounts payable. For financialassets and short-term financial liabilities that are due within 12 months,the carrying values of the financial assets are perceived to approximatetheir fair values.

The following are the methods and assumptions to estimate the fair valueof each class of the Entity and its Subsidiaries financial assets andliabilities:

Nature of Related Parties

Aset keuangan lancar terdiri dari kas dan setara kas, piutang usaha danpiutang lain-lain, sementara liabilitas keuangan jangka pendek terdiridari pinjaman bank jangka pendek dan hutang usaha. Karena instrumenkeuangan tersebut jatuh tempo dalam jangka pendek, maka nilaitercatat aset keuangan lancar dan liabilitas keuangan jangka pendekdianggap telah mencerminkan estimasi nilai wajarnya.

2 0 1 4 2 0 1 3

401,301,052

Rp

34.

Related Parties

53



TRANSAKSI KEPADA PIHAK BERELASI (Lanjutan) RELATED PARTIES TRANSACTIONS (Continued)

b. Transaksi kepada Pihak Berelasi (Lanjutan) b. Relatied Parties Transactions (Continued)

Pihak berelasi: Related parties:PT Uomo Donna Indonesia PT Uomo Donna IndonesiaPT Prima Karya Garmindo PT Prima Karya GarmindoCV Mitra Garmindo CV Mitra GarmindoPT Taitat Putra Rezeki PT Taitat Putra RezekiPT Putera Rejeki Garmindo PT Putera Rejeki GarmindoCV RR Lifestyle CV RR LifestyleToyo Knit Toyo KnitGunze Limited Apparel Company Gunze Limited Apparel CompanyPT Rajawali Mas Elastic PT Rajawali Mas ElasticPT Lancar Putra Abadi PT Lancar Putra AbadiPT Ricky Tanaka Shisyu PT Ricky Tanaka ShisyuPT Ricky Multi Karya PT Ricky Multi KaryaCV Mahkota Tunas Abadi CV Mahkota Tunas AbadiPT Ricky Global Solution PT Ricky Global Solution


• Pembelian bahan baku • Purchase of raw material


Total Total

Persentase terhadap total pembelian konsolidasian Percentage of total consolidated purchase

Pihak berelasi:PT Taitat Putra RezekiPT Prima Karya Garmindo PT Prima Karya Garmindo

PT Uomo Donna Indonesia PT Uomo Donna IndonesiaPT Rajawali Mas Elastic PT Rajawali Mas ElasticPT Ricky Tanaka Shisyu PT Ricky Tanaka ShisyuCV Mahkota Tunas Abadi CV Mahkota Tunas AbadiPT Putera Rejeki Garmindo PT Putera Rejeki GarmindoCV Mitra Garmindo CV Mitra GarmindoCV RR Lifestyle PT Sumitomo IndonesiaGunze Limited Gunze LimitedPT Ricky Global Solution PT Ricky Global SolutionPT Gunze Socks Indonesia PT Gunze Socks Indonesia

34. 34.

30,251,870,133

2 0 1 3Rp

7,438,396,288 21,921,660,788

2 0 1 4

In the consolidated statement of financial position date, thereceivables relating to the above transactions are presented asaccounts receivable–related parties as follows:

PT Taitat Putra Rezeki

1,389,187,124 6,659,989,531 3,550,352,551 12,819,714,219

712,831,353 3,189,566,688

2 0 1 4 2 0 1 3Rp Rp

Pada laporan posisi keuangan konsolidasian, piutang ataspenjualan tersebut dicatat sebagai piutang usaha-pihak berelasisebagai berikut:

2 0 1 4 2 0 1 3Rp Rp

15,805,463,871 6,727,133,369 5,633,690,134 5,086,403,057

42,517,736,573 11,813,536,426

1,060,929,514 2,158,547,362

2,734,268,201 −

18,042,736,523 29,541,013,507

6,740,926,265

37,690,266,421 28,662,587,053

8.18% 5.73%

Pada laporan posisi keuangan konsolidasian, hutang ataspembelian tersebut dicatat sebagai hutang usaha-pihak berelasisebagai berikut:

107,750,000

−

Related parties:

−

−−

−−−

5,522,769,754 4,326,112,902 3,662,132,694 2,692,156,613 2,058,449,661 1,970,908,601

712,174,440 113,382,938

13,636,365 3,291,600 2,500,000 1,067,000

−−−−−−−

4,224,743,210 4,713,195,707

−

−

In the consolidated statement of financial position date, thepayables relating to the above transactions are presented asaccounts payable–related parties as follows:

53,070,576

Rp

−

−

2,007,543,185

1,046,436,326 977,462,876

178,161,607

54



TRANSAKSI KEPADA PIHAK BERELASI (Lanjutan) RELATED PARTIES TRANSACTIONS (Continued)

• Pendapatan sewa • Rent income


Total TotalPersentase terhadap total pendapatan

sewa konsolidasi Percentage of total consolidated rent income

INFORMASI SEGMEN SEGMENT INFORMATION

a. Pabrikasi pakaian dalam dan luar a. Manufacturing of underwear and fashion wearb. Perdagangan b. Tradingc. Pabrikasi benang c. Spinning manufacturing

Details of business segment information are as follows:

Pendapatan dari pelanggan

eksternal Sales to external customers

Pendapatan antar segmen Inter segment sales

Penghasilan bunga Interest income

Loss on foreign exchange

Laba (rugi) selisih kurs, neto rate, net

Penghasilan sewa Rental income

Beban bunga dan Interest expense

provisi bank and provision

Penyusutan Depreciation

Penjualan waste Sales waste

Laba segmen dilaporkan Segment result

Aset segmen dilaporkan Segment assets

Pengeluaran modal Capital expenditures

Liabilitas segmen dilaporkan Segment liabilities

853,654,068,695 169,704,224,905 360,463,210,323 1,383,821,503,923

−

27.54%

Pabrikasi

Pakaian Dalam

Rp

329,430,199,163

2 0 1 4 2 0 1 3Rp Rp

176,136,364 545,618,182 455,546,000 230,000,000

dan Luar/

− 15,405,948,369

(3,554,268,960)

Underwear and Perdagangan/

Rp Rp Rp

35. 35.

Entitas dan Entitas Anak pada saat ini melakukan kegiatan usahasebagai berikut:

Berikut ini adalah informasi segmen berdasarkan segmen usaha:

− −

296,016,996 115,939,340,933 445,665,557,092

Fashion Wear Trading Manufacturing Total

259,338,558 188,471,898 13,973,243 461,783,699

(6,424,033,432)

Total/

(24,090,079,765)

49,393,496,298 53,146,775,872 6,898,517,381

(3,532,932,575)

13,425,415,407

(1,230,545,900)

109,438,789,551

327,507,969,678 122,423,204,200 460,447,816,644 910,378,990,522

(22,176,335,902) (47,496,961,567)

19,836,499,071 1,687,019,152 12,697,397,446 34,220,915,669

Spinning

2,293,870,364

529,441,156,763 298,840,144,842 357,162,278,637 1,185,443,580,242

2,293,870,364

Benang/

(249,642,569)

Manufacturing of

15,405,948,369

9,508,965,448 4,166,092,528

663,168,103

Pabrikasi

2 0 1 4

631,682,364 775,618,182

The Entity and its Subsidiaries are presently engaged in the followingbusiness:

22.95%

34. 34.

55



INFORMASI SEGMEN (Lanjutan) SEGMENT INFORMATION (Continued)

Pendapatan dari pelanggan eksternal Sales to external customers

Pendapatan antar segmen Inter segment salesPenghasilan bunga Interest income

Gain on foreign exchange Rugi selisih kurs, neto rate, netPenghasilan sewa Rental income

Interest expense

Beban bunga dan provisi bank and provision

Penyusutan Depreciation

Amortisasi keuntungan dari Amortization on deferred

transaksi jual dan gain on sale andsewa-balik leaseback transactions

Penjualan waste Sales wasteLaba segmen dilaporkan Segment result

Aset segmen dilaporkan Segment assetsPengeluaran modal Capital expendituresLiabilitas segmen dilaporkan Segment liabilities

Penjualan SalesTotal pendapatan dari pelanggan eksternal Total sales to external customersEliminasi pendapatan antar segmen Elimination sales inter segment

Penjualan konsolidasian Consolidated sales

Laba rugi Profit lossTotal laba rugi untuk segmen dilaporkan Total segment profit lossEliminasi laba-rugi antar segmen Elimination profit loss inter segment

Laba konsolidasian Consolidated profit

Aset AssetTotal aset untuk segmen dilaporkan Total segment assetsEliminasi aset antar segmen Elimination assets inter segment

Aset konsolidasian Consolidated assets

Liabilitas LiabilitiesTotal liabilitas untuk segmen dilaporkan Total segment liabilitiesEliminasi liabilitas antar segmen Elimination liabilities inter segment

Liabilitas konsolidasian Consolidated liabilities

35. 35.

Rp Rp

3,379,679,638

2 0 1 4 2 0 1 3

25,976,940

826,610,706,036

774,439,342,861

(43,891,865,800)

(237,442,416,181)

225,261,815,141

(83,585,724,329)

(15,445,618,731)

2 0 1 4 2 0 1 3

237,442,416,181 565,212,792

Pakaian Dalam

204,194,030

− −

Perdagangan/ Spinning

Rp

(17,730,231,995) (6,903,789,992) (58,951,702,342)

728,675,060,830

1,185,443,580,242 984,185,102,135

Underwear and

35,754,546,524 33,393,110,268 9,595,721,863

3,596,362,018 12,082,587,392

14,606,371,739

361,090,137,949 243,580,883,019

−

(135,939,647,660) (101,257,775,279)

44,685,499,460 (39,771,380,426)

dan Luar/

21,778,453,723 14,606,371,739 (8,265,362,724) (7,269,807,919)

1,221,627,518,316 (540,640,838,184)

Manufacturing of Benang/

Fashion Wear Trading Manufacturing TotalRp Rp Rp Rp

1,205,756,126 15,501,460,441

910,378,990,521 829,932,836,109

309,885,411,678

1,170,752,424,106 1,109,865,329,761

Rp

1,464,914,732,500 78,743,378,655

829,932,836,109

(6,670,731,274) (21,775,515,795)

11,551,348,104

2 0 1 4 2 0 1 3Rp Rp

1,726,084,418,426

3,379,679,638

9,692,252,705

984,185,102,135

27,230,297,514

15,501,460,441 1,205,756,126

328,418,614,786

13,513,091,000 7,336,563,820

2 0 1 4 2 0 1 3Rp Rp

1,383,821,503,923 1,464,914,732,500 (213,069,079,817) (355,049,402,739)

2 0 1 3

−

Total/

262,111,546,796 392,262,550,970 329,811,004,369 162,071,251,616 75,371,164,565

335,041,822

−

Pabrikasi

Pabrikasi

−

−

56



INFORMASI SEGMEN (Lanjutan) SEGMENT INFORMATION (Continued)

Informasi Geografis Geographical Segment

Rincian penjualannya sebagai berikut: Details of sales are as follows:

Jakarta dan Jawa Jakarta and JavaEropa EuropeAsia AsiaSumatera, Kalimantan dan Sulawesi Sumatera, Kalimantan dan SulawesiAfrika, Timur Tengah dan Australia Africa, Middle East and Australia

Total Total

PERJANJIAN PENTING DAN PERIKATAN SIGNIFICANT AGREEMENTS AND CONTINGENCIES

Warner Bros. Consumer Products Inc Warner Bros. Consumer Products Inc

In December 17, 2012, the Entity entered into a License Agreement withWarner Bros. Consumer Products Inc. for "WBLT Licensed Material", "DCBLicensed Material", "DCS Licensed Material", "TJS Licensed Material", dan"SCOO Licensed Material" trademark. The agreement started from June 1,2012 until May 31, 2014. For the use of the trademark, the Entity has topay minimum guarantee amounted US$ 10,000 when the contract signed,and US$ 12,500 per year. Furthermore, the Entity has to pay royalty at11% from Net Bill of Invoice Received for every trademark.

In June 2011, the Entity entered into a License Agreement with WarnerBros. Consumer Products Inc for “Tom and Jerry” trademark. Theagreement started from April 1, 2011 until July 31, 2013. For the use ofthe trademark, the Entity has obligation to pay initial fee of US$ 45,000,which is installed over 4 times until January 1, 2013. Furthermore, theEntity has to pay royalty at 11% from Net Invoiced Billings.

Pada bulan Juni 2011, Entitas menandatangani Perjanjian Lisensidengan Warner Bros. Consumer Products Inc atas merek dagang “Tomand Jerry”. Jangka waktu penggunaan merek dagang tersebut sejak 1April 2011 sampai 31 Juli 2013. Atas penggunaan merek dagangtersebut, Entitas membayar imbalan awal sebesar US$ 45.000 yangdicicil selama 4 kali hingga tanggal 1 Januari 2013. Selanjutnya, Entitasmembayar royalti sebesar 11% dari Net Invoiced Billings.

Pada tanggal 17 Desember 2012, Entitas menandatangani PerjanjianLisensi dengan Warner Bros. Consumer Products Inc. atas merekdagang "WBLT Licensed Material", "DCB Licensed Material", "DCSLicensed Material", "TJS Licensed Material", dan "SCOO LicensedMaterial". Jangka waktu penggunaan merek dagang tersebut sejak 1Juni 2012 sampai 31 Mei 2014. Atas penggunaan merek dagangtersebut, Entitas membayar minimum guarantee sebesar US$ 10.000saat penandatanganan kontrak, dan US$ 12.500 per tahun. Selanjutnya,Entitas membayar royalti sebesar 11% dari tagihan bersih faktur yangditerima untuk setiap merek dagang.

Pada tanggal 1 Januari 2014, Entitas menandatangani Lisensi denganThe Walt Disney Company ( Southeast Asia ) Pte Limited denganMARVEL atas karakter "Avengers Classic Style Guide" , "CaptainAmerica" dan "Marvel`s The Avengers 2" . Jangka waktu penggunaanmerek dagang tersebut 01 Januari 2014 sampai 30 September 2015 .Atas penggunaan merek dagang tersebut, Entitas membayar minimunguarantee sebesar US$18,000 . Selanjutnya, Entitas membayar royaltisebesar 15% dari gross invoiced .

674,560,143 22,192,769,155

2,855,681,117 5,477,696,773 326,128,894,489 149,110,861,952

766,559,816,256 806,729,214,119

89,899,188,380

Rp2 0 1 4 2 0 1 3

36. 36.

1,185,443,580,242 984,185,102,142

−

Rp

35. 35.

In 1 Janari 2014, Entity License signed with The Walt Disney Company(Southeast Asia) PTE LIMITED with top MARVEL character "AvengersClassic Style Guide", "Captain America" and "Marvel`s The Avengers 2".Period of use of such trademarks January 1, 2014 until 30 September2015. For the use of such trademarks, entity paying the minimumguarantee of US $ 18,000. Furthermore, the entity pays a royalty of 15% of the gross invoiced.

57



PERJANJIAN PENTING DAN PERIKATAN (Lanjutan) SIGNIFICANT AGREEMENTS AND CONTINGENCIES (Continued)

MGA Entertainment, Inc MGA Entertainment, Inc

PT Metro Jaya Fashion Garmindo PT Metro Jaya Fashion Garmindo

Fun Characters International Pte., Ltd Fun Characters International Pte., Ltd

Mattel Europa B.V Mattel Europa B.V

In April 4, 2013, the Entity entered into a License Agreement with FunCharacters International Pte. Ltd. for Cars 1 & 2 trademark. Theagreement will be valid from January 1, 2013 until March 31, 2014.

In May 2013, the Entity entered into a License Agreement with PT MetroJaya Fashion Garmindo for Angry Birds, Angry Birds Season, dan AngryBird Space trademark. The agreement will be valid from May 23, 2013until August 31, 2015. For the use of the trademark, the Entity has to paymanagement fee, consisting of Guarantee dan CMF amounted € 25,000dan € 4,000 respectively. Furthermore, the Entity has to pay royalty at13%.

In October 2012, the Entity entered into a License Agreement with MGAEntertainment, Inc. for “Lalaloopsy” trademark with the character of"Pillow Featherbed", "Crumbs Sugar Cookies", "Mittens Fluff'n'Stuff","Peanut Big Top", "Spot Splatter Splash", "Jewel Sparkles", "Dot Starlight",and "Bea Spells-a-lot". The agreement will be valid from December 1,2012 until January 31, 2015. For the use of the trademark, the Entity hasobligation to pay US$ 5,000, and the Entity also has to pay minimumguarantee of US$ 12,500. Furthermore, the Entity has to pay royaltyamounted at 10% from Net License's Net Sales Allowance.

In January 2014, the Entity entered into a License Agreement with MattelEuropa B.V for Barbie and Barbie trademark. The agreement started fromJanuary 1, 2012 until December 31, 2015. For the use of the trademark,the Entity has to pay minimum guarantee amounted US$ 38,500.Furthermore, the Entity has to pay royalty at 10% from Net Sales.

Pada bulan Oktober 2012, Entitas menandatangani Perjanjian Lisensidengan MGA Entertainment, Inc. atas merek dagang “Lalaloopsy”dengan karakter "Pillow Featherbed", "Crumbs Sugar Cookies","Mittens Fluff'n'Stuff", "Peanut Big Top", "Spot Splatter Splash","Jewel Sparkles", "Dot Starlight", dan "Bea Spells-a-lot". Jangka waktupenggunaan merek dagang tersebut sejak 1 Desember 2012 sampai31 Januari 2015. Atas penggunaan merek dagang tersebut, Entitasmembayar imbalan awal sebesar US$ 5.000 dan Entitas jugamembayar minimum guarantee sebesar US$ 12.500. Selanjutnya,Entitas membayar royalti sebesar 10% dari Net License's Net SalesAllowance.

36. 36.

Pada bulan Mei 2013, Entitas menandatangani Perjanjian Lisensidengan PT Metro Jaya Fashion Garmindo atas merek dagang AngryBirds, Angry Birds Season, dan Angry Bird Space. Jangka waktupenggunaan merek dagang tersebut sejak 23 Mei 2013 sampai 31Agustus 2015. Atas penggunaan merek dagang tersebut, Entitasmembayar management fee yang terdiri dari Guarantee dan CMFmasing-masing sebesar € 25.000 dan € 4.000. Selanjutnya, Entitasmembayar royalti sebesar 13%.

Pada tanggal 4 April 2013, Entitas menandatangani Perjanjian Lisensidengan Fun Characters International Pte. Ltd. Atas merek dagangCars 1 & 2. Jangka waktu penggunaan merek dagang tersebut sejak 1Januari 2013 sampai 31 Maret 2014.

Pada bulan Januari 2014, Entitas menandatangani Perjanjian Lisensidengan Mattel Europa B.V atas merek dagang Barbie and Barbie.Jangka waktu penggunaan merek dagang tersebut sejak 1 Januari2012 sampai 31 Desember 2015. Atas penggunaan merek dagangtersebut, Entitas membayar minimum guarantee sebesar US$ 38.500.Selanjutnya, Entitas membayar royalti sebesar 10% dari penjualanneto.

Pada tanggal 1 Juli 2014, Entitas menandatangani Lisensi dengan TheWalt Disney Company (Southeast Asia) Pte.Limited atas karakter"Standard Characters", "Disney Princess", "Disney Princess PalacePets", "Classic Characters", "Disney Cuties", "Disney Junior" dan"Frozen" . Jangka waktu penggunaan merek dagang tersebut 01 Juli2014 sampai 30 Juni 2016. Atas penggunaan merek dagang tersebut,Entitas membayar minimun guaratee dengan dibagi menjadi 2periode, periode pertama sebesar USD 30,000 sebelum 15 Juli 2014dan USD 25,000 seelum 15 Januari 2015. Periode kedua sebesar USD30,000 sebelum 15 Juli 2015 dan USD 30,000 sebelum 15 Januari2016. Selanjutnya, Entitas membayar royalti sebesar 15% daripenjualan .

On July 1, 2014, The Company signed a license with The Walt DisneyCompany (Southeast Asia) Pte.Limited on the character "StandardCharacters", "Disney Princess", "Disney Princess Palace Pets", "ClassicCharacters", "Disney Cuties", "Disney Junior" and "Frozen". Period ofuse of such trademarks July 1, 2014 to June 30, 2016. For the use of thetrademark, the entity paying the minimum guaratee divided into twoperiods, the first period of USD 30,000 before July 15, 2014 and USD25,000 seelum January 15, 2015. The second period of USD 30,000before July 15, 2015 and USD 30,000 before January 15, 2016.Furthermore, the entity pays a royalty of 15% of sales.

58




Universal Studios Licensing LLC Universal Studios Licensing LLC

MARVEL MARVEL

Sanrio Global Asia Ltd Sanrio Global Asia Ltd

BUM Equipment LLC BUM Equipment LLC

EUT Fashion (S) Pte., Ltd EUT Fashion (S) Pte., Ltd

In October 1, 2011, the Entity entered into a License Agreement with BUMEquipment LLC for "BUM Equipment" trademark. The agreement startedfrom October 1, 2011 until June 1, 2012 and there is a period of theextension for 5 years started from June 1, 2012 until May 31, 2017. Forthe use of the trademark, the Entity has to pay minimum guaranteeamounted US$ 22,000 every year for the option of contract extension.

In January 1, 2014, the Entity entered into a License Agreement with EUTFashion (S) Pte Ltd for "ELLE HOME" trademark. The agreement startedfrom January 1, 2014 until December 31, 2016. For the use of thetrademark, the Entity has to pay minimum guarantee amounted US$33,000 for the first year, US$ 36,300 for the second year, and US$ 40,000for the third year. Furthermore, the Entity has to pay royalty at 8% fromthe higher between market value and minimal value.

In September 2013, the Entity entered into a License Agreement withMARVEL for the character of "Avengers Assemble", "Avengers Movie 2",and "Captain America Movie 2". The agreement started from January 1,2014 until September 30, 2015. For the use of the trademark, the Entityhas to pay down payment amounted US$ 18,000 and the Entity also hasto pay minimum guarantee amounted US$ 18.000. Furthermore, theEntity has to pay royalty at 15% from gross invoiced or 10% from retailprice.

In March 2014, the Entity entered into a License Agreement with SanrioGlobal Asia Ltd. for "Hello Kitty and My Melody" trademark. Theagreement started from April 1, 2014 until March 31, 2016. For the use ofthe trademark, the Entity has to pay minimum guarantee amounted US$20,000. Furthermore, the Entity has to pay royalty at 12% from Sales.

Pada tanggal 1 Oktober 2011, Entitas menandatangani PerjanjianLisensi dengan BUM Equipment LLC atas merek dagang "BUMEquipment". Jangka waktu penggunaan merek dagang tersebut sejak1 Oktober 2011 sampai 1 Juni 2012 dan terdapat jangka waktuperpanjangan selama 5 tahun sejak 1 Juni 2012 sampai 31 Mei 2017.Atas penggunaan merek dagang tersebut, Entitas membayarminimum guarantee sebesar US$ 22.000 setiap tahun untuk opsiperpanjangan kontrak .

Pada tanggal 1 Januari 2014, Entitas menandatangani PerjanjianLisensi dengan EUT Fashion (S) Pte Ltd atas merekdagang "ELLE HOME". Jangka waktu penggunaan merek dagangtersebut sejak 1 Januari 2014 sampai 31 Desember 2016. Ataspenggunaan merek dagang tersebut, Entitas membayar minimumguarantee sebesar US$ 33.000 untuk 1 tahun pertama, US$ 36.300untuk tahun kedua, dan US$ 40.000 untuk tahun ketiga. Selanjutnya,Entitas membayar royalti sebesar 8% dari yang lebih tinggi antaranilai pasar dengan nilai minimal.

Pada bulan Oktober 2013, Entitas menandatangani Perjanjian Lisensidengan Universal Studios Licensing LLC atas karakter "Despicable Me2". Jangka waktu penggunaan merek dagang tersebut sejak 11Oktober 2013 sampai 31Desember 2015. Atas penggunaan merek dagang tersebut, Entitasmembayar imbalan awal sebesar US$ 20.000 dan Entitas jugamembayar minimum guarantee sebesar US$ 60.000. Selanjutnya,Entitas membayar royalti sebesar 12% dari harga pokok royalti.

Pada bulan September 2013, Entitas menandatangani PerjanjianLisensi dengan MARVEL atas karakter "Avengers Assemble","Avengers Movie 2", dan "Captain America Movie 2". Jangka waktupenggunaan merek dagang tersebutsejak 1 Januari 2014 sampai 30 September 2015. Atas penggunaanmerek dagang tersebut, Entitas membayar imbalan awal sebesar US$18.000 dan Entitas juga membayar minimum guarantee sebesar US$18.000. Selanjutnya, Entitas membayar royalti sebesar 15% dari grossinvoiced atau 10% dari harga retail .

36. 36.

Pada bulan Maret 2014, Entitas menandatangani Perjanjian Lisensidengan Sanrio Global Asia Ltd. atas merek dagang "Hello Kitty andMy Melody". Jangka waktu penggunaan merek dagang tersebut sejak1 April 2014 sampai 31 Maret 2016. Atas penggunaan merek dagangtersebut, Entitas membayar minimum guarantee sebesar US$ 20.000.Selanjutnya, Entitas membayar royalti sebesar 12% dari penjualan.

In October 2013, the Entity entered into a License Agreement withUniversal Studios Licensing LLC for the character of "Despicable Me 2".The agreement started from October 11, 2013 until December 31, 2015.For the use of the trademark, the Entity has to pay down paymentamounted US$ 20,000 and the Entity has to pay minimum guaranteeamounted US$ 60,000. Furthermore, the Entity has to pay royalty at 12%from cost of royalty.

59




Federation International de Football Association (FIFA) Federation International de Football Association (FIFA)

MANAJEMEN RISIKO KEUANGAN FINANCIAL RISK MANAGEMENT

Faktor Risiko Keuangan Financial Risk Factors

Risiko Nilai Tukar Mata Uang Asing Foreign Exchange Riska.

The Entity and its Subsidiaries' activities expose it to a variety of financialrisks: market risk (including foreign exchange risk and interest rate risk),credit risk and liquidity risk. The Entity and its Subsidiaries' overallfinancial risk management program focuses on the unpredictability offinancial markets and seeks to minimise potential adverse effects on thefinancial performance of the Entity and its Subsidiaries.

37.

Pada 22 Agustus 2013, Entitas menandatangani Perjanjian Lisensidengan Federation International de Football Association (FIFA) atasmerek dagang “FIFA”. Jangka waktu penggunaan merek dagangtersebut sejak 22 Agustus 2013 sampai 1 Oktober 2014. Ataspenggunaan merek dagang tersebut, Entitas membayar "GuaranteedMinimum Royalty" sebesar US$ 40.000 yang dicicil selama 2 kali saatpenandatanganan perjanjian dan sebelum tanggal 1 Desember 2013.Selanjutnya, Entitas membayar FOB costs sebesar 15% dari royalti.

Entitas dan Entitas Anak terekspos risiko nilai tukar mata uangasing yang terutama timbul dari aset dan liabilitas moneter yangdiakui dalam mata uang yang berbeda dengan mata uangfungsional entitas yang bersangkutan, terutama karena Entitas danEntitas Anak mempunyai pinjaman bank dalam mata uang dolar ASdalam jumlah yang besar. Disamping itu, Entitas dan Entitas Anakjuga melakukan transaksi-transaksi dengan menggunakan matauang asing, diantaranya pembelian bahan baku, sehingga Entitasdan Entitas Anak harus mengkonversi Rupiah ke mata uang asinguntuk memenuhi liabilitas dalam mata uang asing pada saat jatuhtempo. Fluktuasi nilai tukar mata uang Rupiah terhadap mata uangasing dapat memberikan dampak pada kondisi keuangan Entitasdan Entitas Anak.

Exchange rates prevailing at the reporting date are disclosed in Note38.

In August 22, 2013, the Entity entered into a License Agreement withFederation International de Football Association (FIFA) for “FIFA”trademark. The agreement started from August 22, 2013 until October 1,2014. For the use of the trademark, the Entity has to pay "GuaranteedMinimum Royalty" amounted US$ 40,000 which is installed over 2 timeswhen the agreement signed and before December 1, 2013. Furthermore,the Entity has to pay FOB costs at 15% from royalty.

The Entity and its Subsidiaries are exposed to foreign exchange riskarising from future commercial transactions and recognised financialassets and liabilities that are denominated in a currency that is not theentity’s functional currency, mainly due to the Entity and its Subsidiarieshas a huge amount on bank loan in US Dollar currency. Beside that, theEntity and its Subsidiaries also entered into transactions using foreigncurrencies, among others, purchase of raw materials, therefore, theEntity and its Subsidiaries must convert Rupiah to foreign currencies topay its liabilities in foreign currencies when their maturity. Thefluctuation foreign exchange rate Rupiah to foreign currencies couldimpact to the Entity and its Subsidiaries' financial condition.

Untuk mengelola risiko tersebut, Entitas dan Entitas Anakmelakukan pengawasan terhadap dampak pergerakan nilai tukarmata uang asing secara terus menerus sehingga dapat melakukantindakan yang tepat seperti penggunaan transaksi lindung nilaiapabila diperlukan untuk meminimalisasi dampak negatif terhadapEntitas dan Entitas Anak.

Eksposur mata uang Entitas dan Entitas Anak disajikan padaCatatan 38.

The Entity and its Subsidiaries manage its foreign currency transactionexposures by converting its surplus cash into the relevant foreigncurrency. The exposures to foreign currency movements are monitoredto ensure they are within acceptable limits and with the long-termobjective of minimising all material exposures.

a.

Berbagai macam risiko keuangan utama yang dihadapi Entitas danEntitas Anak sehubungan dengan aktivitas yang dilakukan adalahrisiko pasar (termasuk risiko nilai tukar mata uang asing dan risikotingkat suku bunga), risiko kredit dan risiko likuiditas. Melaluipendekatan manajemen risiko, Entitas dan Entitas mencobameminimalkan potensi dampak negatif dari risiko-risiko tersebut.

37.

36. 36.

60



MANAJEMEN RISIKO KEUANGAN (Lanjutan) FINANCIAL RISK MANAGEMENT (Continued)

Risiko Suku Bunga Interest Rate Risk

Risiko Kredit Credit Risk

Risiko Likuiditas Liquidity Risk

The following table analyzes the Entity and its Subsidiaries' financialliabilities by relevant maturity groupings based on their contractualmaturities for all non-derivative financial liabilities for an understandingof the timing of the cash flows. The amounts disclosed in the table arethe contractual undiscounted cash flows (including principal andinterest payment).

37. 37.

Sehubungan dengan simpanan di bank, Entitas dan Entitas Anakmengelola risiko kredit dengan memonitor reputasi bank danhanya bank-bank dengan reputasi baik yang dipilih.

In accordance with deposits with bank, the Entity manages credit riskexposed by monitoring bank's reputation and only bank with goodreputation will be selected.

Terkait dengan piutang usaha yang sebagian besar berasal daripenjualan kredit, Entitas dan Entitas Anak melakukan monitoringterhadap umur piutang dan melakukan penagihan secaraberkesinambungan untuk meminimalisasi risiko kredit.

In respect to accounts receivable, which mostly resulted from creditsales, the Entity and its Subsidiaries are monitoring to the aging ofeach accounts, and managing ongoing collection to minimise the creditrisk exposure.

There is no concentration of credit risk as the Entity and its Subsidiarieshave a large number of customer without any significant individualcustomers.

b. b.

Entitas dan Entitas Anak memiliki risiko suku bunga yang signifikan, terutama karena sebagian pinjaman bank dilakukan denganmenggunakan suku bunga mengambang. Entitas dan Entitasmelakukan pengawasan terhadap tingkat suku bunga untukmeminimalisasi dampak negatif yang mungkin timbul.

The Entity and its Subsidiaries' exposed to significant interest rate risk,mainly arises from bank loans which using the floating rates. The Groupmonitors the interest rate risk exposure to minimise any negativeeffects.

Informasi mengenai suku bunga pinjaman yang dikenakan kepadaEntitas dan Entitas Anak dijelaskan pada Catatan 14 dan 20.

The information of loan bears interest rate is explained in Notes 14 and20.

The Entity and its Subsidiaries are exposed to credit risk primarily fromdeposits with banks, account receivable, other receivables andrefundable deposits.

The Entity and its Subsidiaries' policy to minimise the interest rate risk isby analysing the movement of interest rate margins and the maturityprofile of assets and liabilities.

Risiko likuiditas timbul jika Entitas dan Entitas Anak mengelolahrisiko likuiditas jika Entitas dan Entitas Anak mengalami kesulitanmendapatkan sumber pendanaan. Manajemen risiko likuiditasberarti menjaga kecukupan saldo kas dan setara kas. Entitas danEntitas Anak mengelolah manejemen risiko likuiditas denganmelakukan pengawasan proyeksi dan arus kas aktual secara terus-menerus serta pengawasan tanggal jatuh tempo aset dan liabilitaskeuangan.

Liquidity risk arises if the Entity has difficulty in obtaining financialsources. Liquidity risk management implies maintaining sufficient cashand cash equivalents. The Entity manages its liquidity risk bycontinuously monitoring forecast and actual cash flows and continuoussupervision of final maturity date of assets and financial liabilities.

d. d.

Kebijakan Entitas dan Entitas Anak untuk meminimalisasi risikosuku bunga adalah dengan menganalisa pergerakan tingkat sukubunga dan profil jatuh tempo aset dan liabilitas.

Tabel di bawah merupakan analisis jatuh tempo liabilitas keuanganEntitas dan Entias Anak dalam rentang waktu yang menunjukkanjatuh tempo kontraktual untuk semua liabilitas keuangan non-derivatif untuk pemahaman terhadap arus kas. Jumlah yangdiungkapkan dalam tabel adalah arus kas kontraktual yang tidakterdiskonto (termasuk pembayaran pokok dan bunga).

c. c.

Entitas dan Entitas Anak mempunyai risiko kredit, terutamaberasal dari simpanan di bank, piutang usaha, piutang lain-lain danuang jaminan.

Entitas dan Entitas Anak tidak memiliki konsentrasi untuk risikokredit dari piutang usaha, dimana piutang usaha berasal darijumlah pelanggan yang banyak, dan tidak terdapat pelangganindividual yang signifikan.

61



MANAJEMEN RISIKO KEUANGAN (Lanjutan) FINANCIAL RISK MANAGEMENT (Continued)

- Pinjaman bank jangka pendek Short-term bank loan -



- Biaya yang masih harus dibayar Accrued expenses -

- Pinjaman bank jangka panjang Long-term bank loan -

- Liabilitas sewa pembiayaan Obligation under capital lease -

Total Total

- Pinjaman bank jangka pendek Short-term bank loan -



- Biaya masih harus dibayar Accrued expenses -- Pinjaman bank jangka

panjang Long-term bank loan -

- Liabilitas sewa pembiayaan Obligation under capital lease -

Total Total

1 Tahun/ 1 dan 2 Tahun/ 2 Tahun/

33,981,251,432 –

37. 37.

14,951,454,390 45,645,803,627

1 Year

8,296,124,341 – – 8,296,124,341

347,007,138,940 260,713,250,666 –

– 16,164,651,144 9,166,815,975 –

Kurang dari Antara

Rp Rp

2 Years Total/

Rp Rp Rp Rp

3,984,493,784 –

474,020,314,231 277,405,277,006 14,951,454,390 766,377,045,627

16,692,026,340

– 9,166,815,975

1 and 2 Years 2 Years Total/

– 64,145,286,486

– 33,981,251,432

Lebih dari

3,984,493,784

106,581,933,164 –

219,886,448,579

– 106,581,933,164

2 0 1 3Jatuh tempo kontraktual liabilitas keuangan/

Contractual maturities of financial liabilities

No Later than Between More than Total/

1 Tahun/ 1 dan 2 Tahun/ 2 Tahun/

607,720,389,606

14,002,322,897

2 0 1 4Jatuh tempo kontraktual liabilitas keuangan/Contractual maturities of financial liabilities

6,588,190,135 –

12,445,420,735 13,976,030,686 5,733,567,652 32,155,019,073

– 6,588,190,135

64,145,286,486 –

Kurang dari Antara Lebih dari

–

16,164,651,144 –

233,862,479,265 5,733,567,652

No Later than

Rp Rp

467,890,528,814 707,486,575,731

319,547,214,013 – 539,433,662,592

1 Year 1 and 2 Years

Between More than Total/

62



ASET DAN LIABILITAS MONETER DALAM MATA UANG ASING

Aset Assets- Kas dan setara kas Cash and cash equivalents -

- Piutang usaha Accounts receivable -

Pihak ketiga Third parties

Total aset Total assets

Liabilitas Liabilities- Hutang usaha Accounts payable -

Pihak ketiga Third parties- Pinjaman bank Long-term bank loan -

jangka panjang

Total liabilitas Total liabilities

Total liabilitas - neto Total liabilities - net

38. 38.

Equivalent

Currencies to Rupiah

Foreign

Currencies

Setara denganMata

Mata Uang/

Currency

Foreign

2 0 1 4 2 0 1 3

2,564,440

351,377,839,488

370,686,155,473

(342,164,963,899)

96,051

Rp

Rupiah/

28,521,191,574

19,308,315,985

31,901,633,600

41,296,993,360

1,194,874,440

1,228,206,300

1,584,077

28,827,454

1,070,720

2,679 33,331,860

40,068,787,060

US$

US$

US$

13,051,011,920

Rp Rp

755,254 9,395,359,760

− −

Rp

MONETARY ASSETS AND LIABILITIES DENOMINATED IN FOREIGNCURRENCIES

42,107

1,211,081

Mata

Uang Asing/

Equivalent

14,761,871,202

708,308,452

US$

EURO

Setara dengan

to Rupiah

Uang Asing/ Rupiah/

63

Laporan Keuangan Konsolidasian dan Laporan Auditor ......PT RICKY PUTRA GLOBALINDO Tbk DAN ENTITAS ANAK PT RICKY PUTRA GLOBALINDO AND SUBSIDIARIES LAPORAN LABA RUGI KOMPREHENSIF KONSOLIDASIAN

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