pt on service tbk dan entitas anak i and...

PT SHIELD ON SERVICE TbKDAN ENTITAS ANAK I AND SUBS/D'AR'ES

Laporan Keuangan Konsolidasian I consolidated Financial StatemenlsPada Tanggal 30 April 2018 Dan 31 Desember 2017 /As of April 30,2018 And December 31,2017Dan Untuk Periode Empat Bulan Yang Berakhir Pada Tanggal 30 April 20'18 /And For The Four-Month Period Endecl April 30, 2018Serta Untuk Tahun Yang Berakhir Pada Tanggal 3l Desember 2017 /And For The Year Ended December 31, 2017Oan Laporan Auditor lndependen I And lndependent Auditors' RepotT(Mata Uang lndonesia) / (rndonesian Currencyl

PT SHIELD ON SERVICE Tbk DAN ENTITAS ANAK / AND SUBSIDIARIES

Laporan Keuangan Konsolidasian Consolidated Financial Statements Pada Tanggal 30 April 2018 Dan 31 Desember 2017 As of April 30, 2018 And December 31, 2017 Dan Untuk Periode Empat Bulan Yang Berakhir Pada Tanggal And For The Four-Month Period Ended 30 April 2018 April 30, 2018 Serta Untuk Tahun Yang Berakhir Pada Tanggal And For The Year Ended 31 Desember 2017 December 31, 2017 Dan Laporan Auditor Independen And Independent Auditors’ Report (Mata Uang Indonesia) (Indonesian Currency)

Daftar Isi / Table of Contents Halaman / Pages Surat Pernyataaan Direksi Directors’ Statement Letter Laporan Auditor Independen Independent Auditors’ Report Laporan Posisi Keuangan Konsolidasian 1 - 3 Consolidated Statements of Financial Position Laporan Laba Rugi dan Penghasilan Komprehensif Consolidated Statements of Profit or Loss and Lain Konsolidasian 4 - 5 Other Comprehensive Income Laporan Perubahan Ekuitas Konsolidasian 6 - 8 Consolidated Statements of Changes in Equity Laporan Arus Kas Konsolidasian 9 - 10 Consolidated Statements of Cash Flows Catatan atas Laporan Keuangan Konsolidasian 11 - 78 Notes to the Consolidated Financial Statements Lampiran Attachment Entitas Induk Saja 79 - 84 Parent Entity Only

lntegrated Coaporate Solutlon

SURAT PERNYATAAN DIREKSITENTANG TANGGUNG JAWAB ATAS

LAFORAN KEUANGAN KONSOLIDASIANPADA TANGGAL 30 APRIL 201 8,

3t DESEiIiBER 20.t7, 20i6,20r5 DAN mt4DAN UNTUK PERIOOE E PATBULAN YANG

BERAKHIR PADA TAN GGAL.TANGGAL30 APruL M18 DAN MIz

SERTA UNTUK TAHUN YANG BERAKHIR PAOATANGGAL.TANGGAL 3I DESEiIBER 2017, 2016,

2015 DAN 201/tPT SHIELD ON SERVICE TbK

DAN ENTITAS ANAK

PT SHIEID ON SER}ICE TbK

Gedung Graha Dinamika, Lt 3Jl. Tanah Abang II,Gambir 10160. IndonesiaT.+62 21 350 5915 (Hulting)l.+62 21 350 5913\\\1\'.SOS.CO.id

TXffiCTOrc' STATE ENT LETIERRELAT'NG TO

THE RESPoINS'BTUTY ON@NSOUDATED HNA'I'C'AL S7A'E E'YIS

AS OF APFnlL $, mla, DECEilBER 31, 2017, 2016, n15AND 2011

AND rcR THE FO.R. ONTH PERIODS ENT)E,DAPRTL g),2018 AND 2017

AND rcR THE yEARS ENDED Drc,E BER 31, 2017,2015,2015 AND ml1

PT SHIELD ON SERVICE TD/<A"D SUAS'I'AR'ES

Kami yang bertanda tangan di bawah ini:

Nama

Alamat Kantor

Alamat domisiliSESUAi KTP

Nomor teleponJabatan

Nama

Alamat Kantor

Alamat domisiliSESUAi KTP

Nomor teleponJabatan

We are the undersigned:

Herman Julianto

Graha Dinamika Lt 3Jl. Tanah Abang ll, Jakarta Pusat

Mayang Permai V Blk. F4l6Jakarta Utara021-350s915

DireKur Utama / Pres ident Direclor

Prasetyo Wibowo

Graha Dinamika Lt 3Jl. Tanah Abang ll, Jakarta Pusd

Kota \Msata, Pesona Amerik A2l10

021-3505915Direktur Keuangan / Frin ance Arector

State lhal

3.

Ofrce Addtess

Domicile as stdtedin lD cad

Telephone numberPosition

Office Address

Domicile as staledin lD card

Telephone numberPosition

Menyatakan bahwa

Kami bertanggung jawab atas penwsunan danpenyajian laporan keuangan konsolidGianPT Shield On Service Tbk dan Entitas Anak (Grup)pada tanggal 30 April 2018, 31 Desember2o17,2016,2015 dan 2014 dan untuk periode empatbulan yang berakhir pada tanggaltanggal30 April 2018 dan 20'17 serta untuk tahun yangberakhir pada tanggal-tanggal 31 Desember 2017,2016, 2015 dan 2014',

Laporan keuangan konsolidasian Grup telahdisusun dan disajikan sesuai dengan StandarAkuntansi Keuangan di lndonesia,

a. Semua informGi dalam laporan keuangankonsolidasian Grup telah dimuat secaralengkap dan benar;

We are responsible for the preryation and presentatonof the consolidated frnancid! statements ofPT Shidd On SeNice Tbk and Subsidiaries (the Group)as ol ANI 30, 2018, December 31, 2017, 2016, 2015and 2014 and for tl?F' four-month peiods endedApnl 30, 2018 and N17 and tor dle years endedDecember 31, 2017, 2016, 2015 and 2014;

The consolidated financial statements ot the Group havebeen prepred and presented in accordarce withI ndonesi an Rnancial Accounting Standads;

Nl infqmation cootained in the consolidatedfinancial statemerls d tl]F- Group have beencondeted and propedy disclosed;

2.2.

a.3.

g

Name

4.

b. Laporan keuangan konsolidasian Grup tidakmengandung informGi atau faKa materialtidak benar, dan tidak menghilangkan inform6iatau fakta material;

Kami bertanggung jawab atas sbtem pengendalianintemal Grup.

b. The consolidated financial statemeds of the Groupdo not contain misleading matqial intormation orfads, and do not omit mateial infomation andfac{s;

4. We are responside for the intqnal control system of theGroup.

This statement lefrer is made truthtully.Demikian pernyataan ini dabuat dengan sebenarnya.

Jakarta, 29 AgLlstus 20181 August,29, 2018

Herman JuliantoDirektur Lhama / President Director

Prasetuo WibowoDirektur Keuangan / Frnance Drector

MORHAN & REKANReg istered Pu b I i c Accau nto nts

LAPORAN AUDITOR INDEPENDEN

A\trnira\",-""^.

IN DEPEN D ENT A UDITORS' REPORT

No. MR/L- 57h8

The Shareholders, Boards of Commrssioners andDirectors

PT Shield On Seryice Tbk

Laooran No. MR/L-157l18

Pemegang Saham, Dewan Komisaris dan Direksi

PT Shield On Service Tbk

Tanggung jawab manajemen ataskeuangan konsolidasian

Kami telah mengaudit laporan keuangan konsolrdasianPT Shield On Service Tbk ( perusahaan') dan entitasanaknya terlampir yang terdin dari laporan posistkeuangan konsolidasian tanggal 30 April 2018 dan31 Desember 2017, serta laporan laba rugi danpenghasilan komprehensif lain, laporan perubahanekuitas dan laporan arus kas konsolidasian untukperiode empat bulan yang berakhir pada tanggal30 April 2018 dan untuk tahun yang berakhir padatanggal 31 Desember 20i7, dan suatu ikhtisarkebijakan akuntansi signifikan dan informasipenjelasan lainnya.

We have audiled the accompanying consotidatedttnancial stalements of pT Shield on Se?ice Tbk('the Company") and its subsidiaries, which comprisethe consolidaled statements of financiat position as ofApnl 30, 2018 and December 31, 2017, and theconsolidated stalemenls of profit ot loss and othercomprehensive income, changes in equity and cashflows for the four-month period ended Aptil 30, 2O1gand for the year ended December 31, 2017, and asummary of significant accounting policies and otherex pl a n atory i nf orm at ion.

Tanggung jawab auditor

Tanggung jawab kami adalah untuk menyatakan suatuopini atas laporan keuangan konsoljdasian tersebutberdasarkan audit kami. Kami melaksanakan auditkami berdasarkan Standar Audit yang ditetapkan olehlnstitut Akuntan Publik lndonesia. Standar tersebutmengharuskan kami untuk mematuhi ketentuan etikaserta merencanakan dan melaksanakan audit untukmemperoleh keyakinan memadai tentang apakahlaporan keuangan konsolidasian tersebut bebas darikesalahan penyajian material.

Suatu audit meiibatkan pelaksanaan prosedur untukmemperoleh bukti audit tentang angka-angka danpengungkapan dalam laporan keuangan konsolidasian.Prosedur yang dipilih bergantung pada pertimbanganauditor, termasuk penilaian atas risiko kesalahanpenyajian material dalam laporan keuangankonsolidasian, baik yang disebabkan oleh kecuranganmaupun kesalahan. Dalam melakukan penilaian risikotersebut, auditor mempertimbangkan pengendalianinternal yang relevan dengan penyusunan danpenyajian wajar laporan keuangan konsolidasian untukmerancang prosedur audit yang tepat sesuai dengankondisinya, tetapi bukan untuk tujuan menyatakan opiniatas keefektivitasan pengendalian internal entitas.Suatu audit juga mencakup pengevaluasian atasketepatan kebijakan akuntansi yang digunakan dankewajaran estimasi akuntansi yang dibuat olehmanajemen, serta pengevaluasian atas penyajianlaporan keuangan konsolidasian secara keseluruhan.

Management's responsibility tor the consotidatedfinancial statements

Management ls respons/b/e fot the Ueparation andtatr prcsentalion of such consolidated financialslalemerfs in accordance with lndonesian FinanciatAccounting Standards, and for such internal control asmanagement delermines ls necessary to enabte thepreparation of consolidated financial statements thatare free from material misstatement, whether due tofraud or enor.

A u d ito rs' resp ons i bi lity

Our responsibility ls lo express an opinion on suchconsolidated financial statements based on ouraudits. We conducted our audits in accordance withStandards on Auditing eslablished by the tndonesianlnstitule of Cefiified Public Accounlants. Thosestandards require that we compty with ethicalrequirements and plan and perform the audit to obtainreasonable assurance about whether suchconsolidated financial statements are free frommateial misstatement.

An audit involves peiorming procedures to obtainaudit evidence about the amounts and disclosures inthe consolidated financial statements. The proceduresselected depend on the auditors' judgment, inctudinglhe assessmerf of the risks of matorial mlsslatemenlof the consolidated financial slatements, whether dueto fraud or enor. ln making t ose rlsk assessmerls,the auditors consider internal control relevant lo theentity's preparation and fair presentation of theconsolidated financial stalements in order lo designaudit procedurcs that are appropriate in thecircumstances, but not for the purpose of expressingan opinion on the effectiveness of the entity's internalcontrol. An audit also includes evaluating theappropriateness of accounting policies used and thereasonableness of accounting estimates made bymanagement, as well as evaluating the overallpresentation of the consolidated financial statemenls.

laporan

Manajemen bertanggung jawab atas penyusunan danpenyajian wajar laporan keuangan konsolidasiantersebut sesuai dengan Slandar Akuntansi Keuangandi lndonesia, dan atas pengendalian internal yangdianggap perlu oleh manajemen untuk memungkinkanpenyusunan laporan keuangan konsolidasian yangbebas dari kesalahan penyajian material, baik yanadisebabkan oleh kecurangan maupun kesalahan.

Gran Rubina Business Park at Rasuna EpicentrumJl. HR. Rasuna Said, Jakarta 1294O, lndonesia1: +62 21 29 11 56 10-11 I Ft +622129115612

www morhan-rekan .om

Generali Tower, 8'" Fi.

MORHAN & REKANReg i ste red Pu b I i c Accou nta nts

Tanggung jawab auditor (lanjutan)

At\n\a\".."^.

Opini

Menurut opini kami, laporan keuangan konsolidasianterlampir menyajikan secara wajar, dalam semua halyang material, posisi keuangan konsolidasianPT Shield On Service Tbk dan entitas anaknya tanggal30 April 2018 dan 31 Desember 2017, serta kinerjakeuangan dan arus kas konsolidasiannya untukperiode empat bulan yang berakhir pada tanggal30 April 2018 dan untuk tahun yang berakhir padatanggal 31 Desember 2017, sesuai dengan StandarAkuntansi Keuangan di lndonesia

Penekanan suatu hal

Kami membawa perhatian pada Catatan 2 atas laporankeuangan konsolidasian yang menjelaskan bahwasebelum tahun 2017, laporan keuangan Perusahaandisusun dan disajikan dengan menggunakan StandarAkuntansi Keuangan Entitas Tanpa AkuntabilitasPublik (SAK-ETAP). Efektif I Januati 2017,Perusahaan merubah dasar penyusunan laporankeuangan dari SAK-ETAP menjadi Standar AkuntansiKeuangan di lndonesia (SAK). Perubahan pada dasarpenyusunan laporan keuangan yang dilakukan antaralain, perubahan kebijakan akuntansi terkait liabilitasdiestimasi atas imbalan kerja karyawan dan perubahanpenyusunan dan pengukuran laporan keuangandengan menggunakan prinsip konsolidasian. Opinikamitidak dimodifikasi sehubungan dengan hal ina.

Auditors' responsibilily (continued)

We believe that the audit evidence we have obtainedis sufficient and appropiate to provide a basis for ouraudit opinion.

Opinion

ln our opinion, the accompanying consolidatedfinancial statements present fairly, in all malerialrespects, the consolidated financial position ofPT Shield On Service Tbk and its subsidiaries as ofApril 30, 2018 and December 31, 2017, and theirconsolidated financial peiormance and cash flows forthe four-month period ended April 30, 2018 and forthe year ended December 31, 2017 in accordancewith I ndonesian Financial Accounting Standards.

Emphasis of matter

We draw attention to Note 2 to the consolidatedfinancial statements which describes that priorlo 2017, the Company's financial statementshave been prepared and presented in accordancewith lhe Financial Accounting Standards for Non-Publicly Accountable Entities (SAK-ETAP). EffectiveJanuary 1, 2017, the Company has changed the basisof preparation of the financial stalements lrom SAK-ETAP lo lndonesian Financial Acrounting Slandards(SAK). The change in the basis of preparalion of thefinancial statemenls as mentioned above haschanged the accountinq policy relating to theestimated liabilities for employees' benefits and itchanges the preparation and measurement of thefinancial statement to consolidation basis. Our opinionis nol modfed regarding lo this matter.

An assocl.tion of l.oallr tndeDendilt 6m.

Kami yakin bahwa bukti audit yang telah kami perolehadalah cukup dan tepal untuk menyediakan suatubasis bagi opini audit kami.

MORHAN & REKANRe g i ste re d Pu b I i c Acca u nta nts

A\tNira\",.,^.An assocEi ol legally ndep.nd.ht fins

Hal lain

Audit kami atas laporan keuangan konsolidasianPT Shield on Service Tbk dan entitas anaknya padatanggal 30 April 2018 dan 31 Desember 2017, danuntuk periode empat bulan yang berakhir pada tanggal30 April 2018 dan untuk tahun yang berakhir padatanggal 31 Desember 2017, dilaksanakan dengantujuan merumuskan suatu opini atas laporan keuangankonsolidasian terebut secara keseluruhan. Tambahanlnformasi keuangan PT Shield On Service Tbk (Entitaslnduk), yang terdiri dari laporan posisi keuangan30 April 2018 dan 31 Desember 20'17, serta laporanlaba rugi dan penghasilan komprehensif lain, laporanperubahan ekuitas dan laporan arus kas untuk periodeempat bulan yang berakhir pada tanggal 30April 2018dan untuk tahun yang berakhir pada tanggal31 Desember 2017 (secara kolektif disebut sebagai"lnformasi Keuangan Entitas lnduk"), yang disaiikansebagai informasi tambahan terhadap laporankeuangan konsolidasian terlampir, disajikan untuktujuan analisis tambahan dan bukan merupakanbagian dari laporan keuangan konsolidasian terlampiryang diharuskan menurut Standar AkuntansiKeuangan di lndonesia. lnformasi Keuangan Entitaslnduk merupakan tanggung jawab manajemen sertadihasilkan dari dan berkaitan langsung dengan catatanakuntansi dan catatan lainnya yang mendasarinyayang digunakan untuk menyusun laporan keuangankonsolidasian terlampir. lnformasi Keuangan Entitaslnduk telah menjadi objek prosedur audit yangditerapkan dalam audit atas laporan keuangankonsolidasian terlampir berdasarkan Standar Audityang ditetapkan oleh lnstitut Akuntan Publik lndonesia.Menurut opini kami, lnformasi Keuangan Entitas lndukdisajikan secara wajar, dalam semua hal yangmaterial, berkaitan dengan laporan keuangankonsolidasian terlampir secara keseluruhan.

Laporan laba rugi dan penghasilan komprehensif lainlaporan perubahan ekuitas dan laporan arus kasPT Shield On Service Tbk untuk periode empat bulanyang berakhir pada tanggal 30 April 20'17, tidak diauditatau direviu. Kami tidak mengaudit atau mereviulaporan laba rugi dan penghasilan komprehensif lain,laporan perubahan ekuitas dan laporan arus kas untukperiode empat bulan yang berakhir pada tanggaltersebut, dan oleh karena itu, kami tidak menyatakansuatu pendapat maupun bentuk asuransi lainnya ataslaporan laba rugi dan penghasilan komprehensif lainlaporan perubahan ekuitas dan laporan arus kastersebut

Laporan keuangan PT Shield On Service Tbk tanggal31 Desember 2016 dan 2015 untuk tahun yangberakhir pada tanggal-tanggal tersebut sebelumdisajikan kembali telah diaudit oleh auditor independenlain yang dalam laporannya menyatakan opini wajartanpa modifikasian pada laporan keuangan tersebutpada tanggal 30 Maret 20'17 dan tanggal 30 Juni 2016.

Other matter

Our audits of the accompanying consolidated financialslalements of PT Shield on Service Tbk and itssubsid/arles as of Apil 30, 2018 and December 31,2017, and fot the four-month peiod endedApnl 30, 2018 and for the year ended Decenber 31,2017 was peiotmed for the purpose of forming onopinion an such consolidated financial statementstaken as a whole. The accompanying financialinformation of PT Shield On Service Tbk (ParentEntity), which comprises the statements of financialposition as of April 30, 2018 and December 31, 2017,and the stalements of profit or loss and othercomprehensive income, changes in equity, and cashflows for the four-month period ended April 30, 2018and for the year ended December 31, 2017(collectively retened to as the "Parent Entity Financiallnformation"), which is presented as a supplementaryinformalion to the accompanying consolidatedlinancial statements, is presented for the purpose ofadditional analysis and is not a required paft of theaccompanying consolidated tinancial statementsunder lndonesian Financial Accounting Standards.The Parcnt Entity Financial lnformation is theresponsibility of management and was derived homand rclates dircctly to the undedying accounting andthe othet rccotds used lo prepare the accompanytngconsolidated financial slatements. The Parent EntityFinancial lnformalion has been subjected to theauditing procedures applied in the audits of theaccompanying consolidated financial statements inaccordance with Standards on Auditing established bythe lndonesia lnstitute of Ceftificated PublicAccountants. ln our opinion, the Parent EntityFinancial lnformation is fairly slated, in all materialrespects in telation lo the accompanyingconsolidated financial statements taken as a whole.

The statements of profit or loss and othercomprehensive income, changes in equity and cashflows of PT Shield On Service Tbk for lhe four-monthpeiod ended April 30, 2017 were neilher audited norreviewed. We have nol audited or reviewed theslatemerls of profit or loss and other comprehensiveincome, changes in equity and cash flows for the four-month period ended April 30, 2017, and therefore, wedo not express an opinion or any other form ofassurance on such the statements of profit or loss andolher comprehensive income, changes in equity andcash flows.

The financial statements of PT Shield On seruice Tbkas of December 31, 2016 and 2015 fot the years thenended prior to the restatement, were audited by otherindependent auditors who expressed unmodifiedopinion on such financial staremerrs onMarch 30,2017 and June 30,2016.

MORHAN & REKANReg i ste red Pu b I i c Accou nta nt s

Hal lain (lanjutan)

Laporan inl diterbitkan dengan tujuan untukdicantumkan dalam prospektus sehubungan denganrencana penawaran umum saham perdanaPTShieldOn Service Tbk di Bursa Efek tndonesia,serta tidak ditujukan, dan tidak diperkenankan untukdigunakan, untuk tujuan lain.

Kami sebelumnya telah menerbitkan laporan auditorindependen No. MR/L-144l18 tanggal '10 Juti 2018atas laporan keuangan konsolidasian PT Shield OnService Tbk (Perusahaan) dan entitas anaknya padatanggal 30 April 2018 dan 31 Desember 2017 danuntuk periode empat bulan yang berakhir pada tanggal30 April 2018 seda untuk tahun yang berakhir padatanggal 31 Desember 2017 sehubungan denganfencana Perusahaan untuk melakukan PenawaranUmum Perdana Saham, Perusahaan kembalimenerbitkan laporan keuangan konsolidasian untukperiode tersebut. Seperti yang dijelaskan datamCatatan 35 atas laporan keuangan konsolidasian,Perusahaan telah menerbitkan kembali laporankeuangan konsolidasian pada tanggal 30 April 2018dan 31 Desember 2017 dan untuk periode empat bulanyang berakhir pada tanggal 30 April 2018 serta untuktahun yang berakhir pada tanggal 31 Desember 2017dengan beberapa perubahan dan tambahanpengungkapan pada laporan keuangan konsolidasian.

Othe r matte r (conti n u ed)

This repotl has been prepared sotely for inclusion inthe prcspectus in connection with lhe prorysed initiatpublic offeing of the shares of PT Shietd On SeviceTbk on lndonesia Stock Exchange, and is notintended to be, and should not be, used for any otherpurposes.

We have previously published an independentauditors' repod No. MPJL-144/18 dated Juty 10, 2O1Bon the consolidated financial statements of pT ShieldAn Service Tbk (the Company) and its subsidiariesas of April 30, 2018 and for the four-month periodended April 30, 2018 and for the year endedDecember 31, 2017 in connection with the proposedinitial public offering of the shares, the Company hasrelssued ifs consolidaled financial statements for theperiod then ended. As explained in Note 35 to thecansolidated financial slatements, the Company hasrelssued its consolidated financial stalements as ofApril 30, 2018 and December 31, 2017 and for thefour-monlh petiod ended April 30, 2018 and for theyear ended December 31, 2017 with several changesand additional disc/osures for the consolidatedfinancial statements.

A\tNtta\".""^.An .ss@)atkn al legslly independe.t nm.

KANTOR AKUNTAN PUBLIK / REG'SIERED PUBLIC ACCOUNTANTSMORHAN OAN REKAN

29 Agustus 2018 / August 29, 2018

*7David Kurniawan, CPA

lzin Akuntan Publik No. AP. 10231 Public Accountant License No AP 1023

PT SHIELD ON SERVICE Tbk DAN ENTITAS ANAK LAPORAN POSISI KEUANGAN KONSOLIDASIAN 30 April 2018 Dan 31 Desember 2017 (Disajikan dalam Rupiah, kecuali dinyatakan lain)

PT SHIELD ON SERVICE Tbk AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION April 30, 2018 And December 31, 2017

(Expressed in Rupiah, unless otherwise stated)

Lihat Catatan atas Laporan Keuangan Konsolidasian yang merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasian secara

keseluruhan.

See accompanying Notes to the Consolidated Financial Statements which are an integral part of the consolidated financial statements.

1

Disajikan kembali (lihat Catatan 5) /

As restated (see Note 5)

Catatan /

Notes 30 April 2018 / April 30, 2018

31 Desember 2017 / December 31,

2017


2016


2015

1 Januari 2015/ 31 Desember 2014

/ January 1, 2015/

December 31, 2014

ASET

ASSETS ASET

LANCAR

CURRENT ASSETS

Kas dan setara kas 2g,6,28,29 38.967.144.699 27.414.562.421 27.537.901.392 19.715.898.099 16.879.390.490

Cash and cash Equivalents

Piutang usaha - bersih 2g,7,28,29 55.421.686.480 52.696.047.374 48.696.829.536 71.189.393.652 75.846.957.713

Trade receivables –

net Piutang lain-

lain 2g,8,27,28,29 20.330.319.772 21.229.556.266 17.849.763.854 14.729.267.536 16.911.821.194 Other

receivables Persediaan 2k,9 4.656.119.879 4.143.119.524 4.843.620.453 4.362.822.189 4.399.683.107 Inventories Uang muka

dan biaya dibayar di muka 2j,10 7.483.650.973 5.909.730.036 8.346.423.535 12.745.312.265 15.521.883.635

Advance and

prepaid expenses

Pajak dibayar di muka 2p,13a 1.413.220.205 1.026.967.271 506.630.213 529.553.570 36.882.609

Prepaid taxes

Pendapatan masih harus diterima 11 43.394.916.976 41.927.625.207 37.671.075.637 54.439.523.640 32.014.463.408

Unearned

revenue

Taksiran tagihan pajak penghasilan 525.626.850 1.405.342.612 3.125.847.763 2.653.368.032 -

Estimated claim

for income tax refund

Jumlah Aset

Lancar 172.192.685.834 155.752.950.711 148.578.092.383 180.365.138.983 161.611.082.156 Total Current

Assets

ASET TIDAK LANCAR

NON-CURRENT ASSETS

Aset tetap - bersih 2l,12 9.726.290.290 10.615.987.348 13.499.553.539 15.318.136.672

16.172.767.563 Fixed assets – net

Aset pajak tangguhan 2p,13e 1.037.693.455 902.872.500 1.528.270.970 1.238.867.532

384.661.381

Deferred tax assets

Aset lain-lain 2g,28,29 1.350.743.049 1.533.362.926 2.705.928.759 1.797.096.754 1.325.538.470 Other asset

Jumlah Aset

Tidak Lancar 12.114.726.794 13.052.222.774 17.733.753.268 18.354.100.958

17.882.967.414

Total Non- Current Assets

JUMLAH

ASET 184.307.412.628 168.805.173.485 166.311.845.651 198.719.239.941 179.494.049.570 TOTAL ASSETS

PT SHIELD ON SERVICE Tbk DAN ENTITAS ANAK LAPORAN POSISI KEUANGAN KONSOLIDASIAN (lanjutan) 30 April 2018 Dan 31 Desember 2017 (Disajikan dalam Rupiah, kecuali dinyatakan lain)


CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (continued)

April 30, 2018 And December 31, 2017 (Expressed in Rupiah, unless otherwise stated)


keseluruhan.

See accompanying Notes to the Consolidated Financial Statements which are an integral part of the consolidated consolidated financial statements.

2



Catatan /



2017


2016


2015


/ January 1, 2015/

December 31, 2014

LIABILITAS DAN EKUITAS

LIABILITIES AND

EQUITY LIABILITAS LIABILITIES LIABILITAS

JANGKA PENDEK

CURRENT LIABILITIES

Utang usaha 2g,16,28,29 3.105.999.217 3.499.280.268 5.334.997.559 13.374.420.564 21.492.896.293 Trade payables

Utang lain-lain 2g,17,27,28,

29 5.867.752.821 5.361.653.387 5.528.871.947 9.353.052.372 11.635.473.363 Other payables

Utang pajak 2p,13b 7.195.250.322 5.473.422.800 4.930.357.537 4.213.651.055 4.722.917.975 Taxes payable Beban masih

harus dibayar 2g,18,28,29 39.672.381.525 27.068.453.038 22.141.383.658 22.050.760.365 24.667.084.625 Accrued expenses Uang muka

pelanggan 2.809.924.273 1.990.311.979 2.133.877.631 7.179.925.032 5.303.355.281 Advance from

custumers Utang bank 2g,14,28,29 45.781.583.000 45.256.665.000 48.955.732.000 51.971.880.224 47.861.756.000 Bank loan Utang

pembiayaan konsumen 2g,15,28,29 34.349.918.425 36.364.960.626 45.636.656.581 47.352.458.095 25.330.967.000

Customer financing payables

JUMLAH

LIABILITAS JANGKA

PENDEK

138.782.809.583 125.014.747.098 134.661.876.913 155.496.147.707 141.014.450.537

TOTAL CURRENT LIABILITY

LIABILITAS

JANGKA PANJANG

NON-CURRENT LIABILITY

Liabilitas imbalan kerja karyawan

2n,19 4.150.773.822 3.611.490.004 6.113.083.883 4.955.470.130

1.538.645.523

Estimated liabilities for employees'

benefits

JUMLAH

LIABILITAS

142.933.583.405 128.626.237.102 140.774.960.796 160.451.617.837

142.553.096.060

TOTAL

LIABILITIES

PT SHIELD ON SERVICE Tbk DAN ENTITAS ANAK LAPORAN POSISI KEUANGAN KONSOLIDASIAN (lanjutan) 30 April 2018 Dan 31 Desember 2017 (Disajikan dalam Rupiah, kecuali dinyatakan lain)


CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (continued)

April 30, 2018 And December 31, 2017 (Expressed in Rupiah, unless otherwise stated)


keseluruhan.

See accompanying Notes to the Consolidated Financial Statements which are an integral part of the consolidated consolidated financial statements.

3



Catatan /



2017


2016


2015


/ January 1, 2015/

December 31, 2014

EKUITAS EQUITY Ekuitas yang

dapat Diatribusikan kepada Pemilik Entitas Induk

Equity Atributable

to Owners of the

Parent Entity Modal saham -

nilai nominal per lembar Rp 1.000.000 per saham

Modal dasar - 50.000 saham pada tanggal 30 April 2018, 1.100 saham pada tanggal 31 Desember 2017, 2016 dan 2015

Modal ditempatkan dan disetor penuh -

50.000 saham pada tanggal 30 April 2018, 1.100 saham pada tanggal 31 Desember 2017, 2016 dan 2015 20 50.000.000.000 1.100.000.000 1.100.000.000 1.100.000.000 1.100.000.000

Share capital - Rp 1,000,000 par value per

share Authorized -

50,000 shares as of April 30 2018, 1,100 shares as of

December 31, 2017, 2016 and

2015 Issued and fully paid - 50,000 shares as of

April 30 2018, 1,100 shares

as of December 31,

2017, 2016 and 2015

Proforma ekuitas

dari transaksi restrukturisasi entitas sepengendali - 15.516.687.190 7.719.812.425 21.126.367.039 20.850.752.378

Proforma equity of restructuring

transactions of entities under

common control Tambahan

modal disetor 4 (10.246.466.321 ) - - - - Additional paid in

capital Keuntungan

(kerugian) aktuarial atas imbalan kerja - bersih 99.991.303 301.757.447 (2.154.124.216 ) (1.943.316.798 ) -

Actuarial gain (losses) on

employee benefits – net

Saldo laba 235.588.425 22.078.094.664 17.879.400.604 17.135.459.294 14.276.544.830 Retained earnings

Jumlah ekuitas

yang dapat diatribusikan kepada pemilik Entitas Induk

40.089.113.407 38.996.539.301 24.545.088.813 37.418.509.535 36.227.297.208

Total equity

attributable to the owners of

the Parent Entity

Kepentingan Non-

pengendali 2d 1.284.715.816 1.182.397.082 991.796.042 849.112.569 713.656.302 Non-controlling

Interests

JUMLAH

EKUITAS 41.373.829.223 40.178.936.383 25.536.884.855 38.267.622.104 36.940.953.510

TOTAL EQUITY

JUMLAH LIABILITAS DAN EKUITAS 184.307.412.628 168.805.173.485 166.311.845.651 198.719.239.941 179.494.049.570

TOTAL

LIABILITIES AND EQUITY

PT SHIELD ON SERVICE Tbk DAN ENTITAS ANAK LAPORAN LABA RUGI DAN PENGHASILAN KOMPREHENSIF LAIN KONSOLIDASIAN Untuk Periode Empat Bulan Yang Berakhir Pada Tanggal 30 April 2018 Dan Untuk Tahun Yang Berakhir Pada Tanggal 31 Desember 2017 (Disajikan dalam Rupiah, kecuali dinyatakan lain)

PT SHIELD ON SERVICE Tbk AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF PROFIT OR LOSS

AND OTHER COMPREHENSIVE INCOME For The Four-Month Period Ended April 30, 2018

And For The Year Ended December 31, 2017 (Expressed in Rupiah, unless otherwise stated)

Lihat Catatan atas Laporan Keuangan Konsolidasian yang merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan.

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

consolidated financial statements.

4



Catatan /

Notes

2018 (Empat Bulan/ Four Months)

2017 (Empat Bulan/ Four Months) (Tidak Diaudit/

Unaudited)

2017 (Satu Tahun/

One Year)

2016 (Satu Tahun/

One Year)

2015 (Satu Tahun/

One Year)

PENDAPATAN BERSIH 2o,21 191.538.837.414 203.767.083.480 620.078.596.352 596.734.980.644 574.939.338.475 REVENUES

BEBAN POKOK PENDAPATAN

2o,22 (166.493.135.544 ) (179.325.510.775 ) (523.136.328.122 ) (515.958.484.388

) (473.763.208.105

) COST OF REVENUES

LABA KOTOR 25.045.701.870 24.441.572.705 96.942.268.230 80.776.496.256 101.176.130.370 GROSS PROFIT

Beban umum dan administrasi

2o,23 (20.365.819.128

) (23.773.219.303

) (72.755.420.186 ) (73.630.180.405 ) (83.517.721.892 )

General and administrative expenses

Beban pemasaran (223.178.284 ) (360.549.850 ) (263.422.229 ) (231.640.755 ) (407.376.306 ) Marketing expenses

LABA USAHA 4.456.704.458 307.803.552 23.923.425.815 6.914.675.096 17.251.032.172 INCOME FROM OPERATIONS

Penghasilan keuangan 96.832.563 45.359.767 158.117.146 186.962.787 212.843.432 Finance income Beban keuangan 2o,24 (4.136.217.729 ) (4.893.885.532 ) (15.206.120.734 ) (17.431.788.271 ) (15.962.158.457 ) Finance costs Pendapatan (beban) lain-lain - bersih

2o,25 2.177.655.817 2.336.055.881 9.846.356.589

684.711.201

4.992.451.578 Other income (expenses) - net

LABA (RUGI) SEBELUM

PAJAK PENGHASILAN

2.594.975.109 (2.204.666.332 ) 18.721.778.816

(9.645.439.187 ) 6.494.168.725 INCOME (LOSS) BEFORE

INCOME TAX

BEBAN PAJAK PENGHASILAN - BERSIH

2p,13d (1.182.522.125 ) (588.935.954 ) (6.525.407.247 ) (2.863.755.039 ) (3.224.477.119 ) INCOME TAX EXPENSES - NET

LABA (RUGI) BERSIH

PERIODE BERJALAN

1.412.452.984 (2.793.602.286 ) 12.196.371.569 (12.509.194.226 ) 3.269.691.606 NET INCOME (LOSS) FOR THE PERIOD

Pengaruh Penyesuaian

proforma

(1.681.927.877 ) 428.932.659 (7.796.874.765 )

13.406.554.614

(275.614.662 ) Effect of proforma adjustment

LABA (RUGI) BERSIH -

SEBELUM PENGARUH PENYESUAIAN PROFORMA

(269.474.893 ) (2.364.669.627 ) 4.399.496.804 897.360.388 2.994.076.944

NET INCOME (LOSS) - BEFORE EFFECT OF PROFORMA ADJUSTMENTS

PT SHIELD ON SERVICE Tbk DAN ENTITAS ANAK LAPORAN LABA RUGI DAN PENGHASILAN KOMPREHENSIF LAIN KONSOLIDASIAN (lanjutan) Untuk Periode Empat Bulan Yang Berakhir Pada Tanggal 30 April 2018 Dan Untuk Tahun Yang Berakhir Pada Tanggal 31 Desember 2017 (Disajikan dalam Rupiah, kecuali dinyatakan lain)

PT SHIELD ON SERVICE Tbk AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF PROFIT OR LOSS (continued)

For The Four-Month Periods Ended April 30, 2018 And For The Years Ended December 31, 2017


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

laporan keuangan konsolidasian secara keseluruhan. See accompanying Notes to the Consolidated Financial Statements which are an integral

part of the consolidated financial statements.

5



Catatan /

Notes



Unaudited)

2017 (Satu Tahun/

One Year)

2016 (Satu Tahun/

One Year)

2015 (Satu Tahun/

One Year)

PENGHASILAN KOMPREHENSIF LAIN

OTHER COMPREHENSIVE INCOME

Pos yang tidak akan direklasifikasi ke laba rugi

Item that will not be

reclassified to profit or loss Pengukuran kembali

liabilitas imbalan kerja karyawan

2n,19 (290.047.838 ) 2.566.574.367 3.260.906.612 (295.390.701 ) (2.590.697.348 ) Remeasurement of estimated

liabilities for employees benefits Pajak penghasilan terkait 2p,13e 72.511.960 (641.643.592 ) (815.226.653 ) 73.847.675 647.674.337 Related income tax

JUMLAH LABA KOMPREHENSIF PERIODE BERJALAN

(487.010.771 ) (439.738.852 ) 6.845.176.763 675.817.365

1.051.053.933

TOTAL COMPREHENSIVE

INCOME FOR THE PERIOD

LABA (RUGI) BERSIH

YANG DAPAT DIATRIBUSIKAN KEPADA:

NET INCOME (LOSS) ATTRIBUTABLE TO:

Pemilik entitas induk (376.506.239 ) (2.458.110.669 ) 4.198.694.060 743.941.310 2.858.914.464 Owners of the parent Kepentingan non-pengendali 2d 107.031.346 93.441.042 200.802.744 153.419.078 135.162.480 Non-controlling interests

JUMLAH (269.474.893 ) (2.364.669.627 ) 4.399.496.804 897.360.388 2.994.076.944 TOTAL

JUMLAH LABA

KOMPREHENSIF YANG DAPAT DIATRIBUSIKAN KEPADA:

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

ATRIBUTABLE TO: Pemilik entitas induk (578.272.383 ) (521.724.082 ) 6.654.575.723 533.133.892 915.597.666 Owners of the parent Kepentingan non-

pengendali

2d 91.261.612 81.985.230 190.601.040 142.683.473 135.456.267

Non-controlling interests

JUMLAH (487.010.771 ) (439.738.852 ) 6.845.176.763 675.817.365 1.051.053.933 TOTAL

LABA BERSIH PER SAHAM DASAR

2r,26

(39.600 ) (2.149.699 ) 3.999.542 815.782

2.721.888

BASIC NET INCOME PER SHARE

PT SHIELD ON SERVICE Tbk DAN ENTITAS ANAK LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN (lanjutan) Untuk Periode Empat Bulan Yang Berakhir Pada Tanggal 30 April 2018 Dan Untuk Tahun Yang Berakhir Pada Tanggal 31 Desember 2017 (Disajikan dalam Rupiah, kecuali dinyatakan lain)

PT SHIELD ON SERVICE Tbk AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (continued)

For The Four-Month Period Ended April 30, 2018 And For The Year Ended December 31, 2017





6

Ekuitas yang Dapat Diatribusikan kepada Pemilik Entitas Induk / Equity Atributable to the Owner of the Parent Entity

Catatan / Notes

Modal Saham / Share Capital

Proforma Ekuitas

Dari Transaksi Restrukturisasi

Entitas Sepengendali /

Proforma Equity Arising From Restructuring Transaction of Entities Under

Common Control

Tambahan modal disetor / Additional

paid in capital

Keuntungan (kerugian) aktuarial atas imbalan kerja –

bersih / Actuarial gain

(losses) on employee benefits –

net

Saldo Laba / Retained Earnings

Jumlah / Total

Kepentingan Non-Pengendali /

Non-controlling Interests

Jumlah Ekuitas / Total Equity

Saldo pada tanggal 1 Januari 2015

1.100.000.000 20.850.752.378

-

-

14.276.544.830

36.227.297.208

713.656.302 36.940.953.510

Balance as of January 1, 2015

-

Proforma ekuitas dari transaksi restrukturisasi entitas sepengendali

- 275.614.661

-

-

-

275.614.661

- 275.614.661

Proforma equity arising from restructuring

transaction of entities under common

control

Laba bersih tahun berjalan

-

2.858.914.464

2.858.914.464

135.162.480 2.994.076.944 Net income for the year

Penghasilan komprehensif lain

- -

-

(1.943.316.798

)

(1.943.316.798

) 293.787 (1.943.023.011 )

Other comprehensive income

`

Saldo pada tanggal 31 Desember 2015

1.100.000.000 21.126.367.039

-

(1.943.316.798

) 17.135.459.294

37.418.509.535

849.112.569 38.267.622.104

Balance as of December 31, 2015


- (13.406.554.614

)

-

-

-

(13.406.554.614

) - (13.406.554.614

)


transaction of entities under common

control


- -

-

-

743.941.310

743.941.310

153.419.078 897.360.388 Net income for the year


- -

-

(210.807.418 ) - (210.807.418 ) (10.735.605 ) (221.543.023 )

Other comprehensive income


1.100.000.000

7.719.812.425 -

(2.154.124.216

) 17.879.400.604

24.545.088.813

991.796.042 25.536.884.855









7

Ekuitas yang Dapat Diatribusikan kepada Pemilik Entitas Induk /

Equity Atributable to the Owner of the Parent Entity

Catatan / Notes


Proforma Ekuitas Dari Transaksi Restrukturisasi



Common Control


paid in capital




net


Jumlah / Total





1.100.000.000

7.719.812.425

-

(2.154.124.216

) 17.879.400.604

24.545.088.813

991.796.042 25.536.884.855



- 7.796.874.765

- -

- 7.796.874.765 - 7.796.874.765


transaction of entitiesunder common

control Laba bersih tahun

berjalan

-

4.198.694.060 4.198.694.060 200.802.744 4.399.496.804 Net income for the year Penghasilan

komprehensif lain

- -

- 2.455.881.663

- 2.455.881.663 (10.201.704 ) 2.445.679.959 Other comprehensive

income


1.100.000.000

15.516.687.190

-

301.757.447

22.078.094.664

38.996.539.301

1.182.397.082 40.178.936.383


Penambahan modal

saham

20

48.900.000.000 - - -

- 48.900.000.000 - 48.900.000.000 Additional share capital


- (25.763.153.511 ) - -

- (25.763.153.511 ) 11.057.122 (25.752.096.389 )


transaction of entities under common control

Pembalik atas profroma ekuitas yang timbul dari transaksi restrukturisasi entitas sepengendali

- 10.246.466.321 - -

- 10.246.466.321 - 10.246.466.321

Reversal of proforma equity arising

from restructuring transaction of entities

under common control

Selisih nilai restrukturisasi entitas sepengendali

4

- - (10.246.466.321 ) -

- (10.246.466.321 ) - (10.246.466.321 )

Difference arising from restructuring

transaction of entities under common control

Dividen

20

- - - -

(21.466.000.000 ) (21.466.000.000 ) - (21.466.000.000 ) Dividend Laba bersih tahun

berjalan

- -

- -

(376.506.239 ) (376.506.239 ) 107.031.346 (269.474.893 ) Net income for the year Penghasilan

komprehensif lain

- -

- (201.766.144 ) - (201.766.144 ) (15.769.734 ) (217.535.878 ) Other comprehensive

income

Saldo pada tanggal 30 April 2018

50.000.000.000

-

(10.246.466.321 ) 99.991.303 235.588.425 40.089.113.407

1.284.715.816 41.373.829.223

Balance as of

April 30, 2018








8

Ekuitas yang Dapat Diatribusikan kepada Pemilik Entitas Induk /

Equity Atributable to the Owner of the Parent Entity

Catatan / Notes


Proforma Ekuitas

Dari Transaksi Restrukturisasi



Common Control


paid in capital




net


Jumlah / Total




Saldo pada tanggal 1 Januari 2017

1.100.000.000

7.719.812.425

-

(2.154.124.216

) 17.879.400.604 24.545.088.813

991.796.042 25.536.884.855

Balance as of

January 1, 2017


- (428.932.659 ) -

- - (428.932.659 ) - (428.932.659 )

Proforma equity arising from

restructuring transaction of entities under

common control


- - -

- (2.458.110.669 ) (2.458.110.669 ) 93.441.042 (2.364.669.627 )

Net income for the year


- - -

1.936.386.587 - 1.936.386.587 (11.455.812 ) 1.924.930.775

Other comprehensive

income

Saldo pada tanggal 30 April 2017

1.100.000.000

7.290.879.766

-

(217.737.629 ) 15.421.289.935

23.594.432.072

1.073.781.272 24.668.213.344

Balance as of April 30, 2017

PT SHIELD ON SERVICE Tbk DAN ENTITAS ANAK LAPORAN ARUS KAS KONSOLIDASIAN Untuk Periode Empat Bulan Yang Berakhir Pada Tanggal 30 April 2018 Dan Untuk Tahun Yang Berakhir Pada Tanggal 31 Desember 2017 (Disajikan dalam Rupiah, kecuali dinyatakan lain)

PT SHIELD ON SERVICE Tbk AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS






9

Catatan /

Notes



Unaudited) 2017

(Satu Tahun / One Year) 2016


(Satu Tahun / One Year)

ARUS KAS DARI AKTIVITAS OPERASI

CASH FLOWS FROM OPERATING ACTIVITIES

Penerimaan kas dari pelanggan 188.165.518.833 170.124.924.721 611.679.263.292 630.949.945.362 559.048.412.055 Cash receipt from customers Pembayaran kepada pemasok, karyawan dan beban usaha

(183.937.992.685 ) (191.007.195.050 ) (589.211.886.300 ) (597.438.029.668 ) (567.374.062.378 ) Cash paid to suppliers

Penerimaan (pembayaran) lain- lain

(15.892.205.581 ) 22.169.172.888 8.835.722.576 (3.282.212.252 ) 11.444.650.914

Cash paid for operating expenses and employees

Kas dihasilkan dari (digunakan untuk) operasi

(11.664.679.433 ) 1.286.902.559 31.303.099.568

30.229.703.442 3.119.000.591

Net cash generated from (used in) operation

Pembayaran pajak penghasilan 24.301.953 (4.806.482.204 ) (4.740.121.218 ) (3.762.824.281 ) (5.923.972.448 ) Income tax paid Pembayaran untuk beban keuangan

(2.778.278.619 ) (4.147.044.083 ) (11.185.577.783 ) (9.929.651.885 ) (15.867.065.075 ) Finance costs paid

Kas Bersih Diperoleh dari

(Digunakan untuk) Aktivitas Operasi

(14.418.656.099 ) (7.666.623.728 ) 15.377.400.567

16.537.227.276 (18.672.036.932 ) Net Cash Provided by

(Used in) Operating Activities

ARUS KAS DARI AKTIVITAS

INVESTASI

CASH FLOWS FROM INVESTING

ACTIVITIES

Hasil penjualan aset tetap

12

741.750.163 -

233.529.152 259.712.082 2.406.938.164 Proceeds from sale of fixed

assets Perolehan aset tetap 12 (714.387.585 ) (1.215.968.965 ) (2.763.505.735 ) (4.242.986.328 ) (7.030.008.942 ) Acquisition of fixed assets

Kas Bersih Digunakan untuk

Aktivitas Investasi

27.362.578 (1.215.968.965 ) (2.529.976.583 ) (3.983.274.246 ) (4.623.070.778 ) Net Cash Used in Investing

Activities

PT SHIELD ON SERVICE Tbk DAN ENTITAS ANAK LAPORAN ARUS KAS KONSOLIDASIAN Untuk Periode Empat Bulan Yang Berakhir Pada Tanggal 30 April 2018 Dan Untuk Tahun Yang Berakhir Pada Tanggal 31 Desember 2017 (Disajikan dalam Rupiah, kecuali dinyatakan lain)

PT SHIELD ON SERVICE Tbk AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS






10

Catatan / Notes



Unaudited) 2017




ARUS KAS DARI AKTIVITAS PENDANAAN

CASH FLOWS FROM FINANCING ACTIVITIES

Peningkatan modal disetor 20,34 27.434.000.000 - - - - Paid in capital Kenaikan (penurunan) utang

bank

34

524.918.000 1.889.166.000 (3.699.067.000 ) (3.016.148.224 ) 4.110.124.224 Increase (decrease) of bank loan Kenaikan (penurunan) utang

sewa pembiayaan konsumen

34

(2.015.042.201 ) (1.181.817.861 ) (9.271.695.955 ) (1.715.801.514 ) 22.021.491.095 Repayment of consumer financing

payable

Kas Bersih Diperoleh dari

(Digunakan untuk) Aktivitas Pendanaan

25.943.875.799 707.348.139

(12.970.762.955 ) (4.731.949.738 ) 26.131.615.319 Net Cash Provided by

(Used in) Financing Activities

KENAIKAN BERSIH KAS DAN

SETARA KAS

11.552.582.278 (8.175.244.553 ) (123.338.971 ) 7.822.003.292 2.836.507.609 NET INCREASE IN CASH AND

CASH EQUIVALENTS

KAS DAN SETARA KAS AWAL PERIODE

27.414.562.421 27.537.901.392

27.537.901.392

19.715.898.099 16.879.390.490

CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE

PERIOD

KAS DAN SETARA KAS AKHIR

PERIODE

6

38.967.144.699 19.362.656.839

27.414.562.421

27.537.901.392

19.715.898.099 CASH AND CASH EQUIVALENTS

AT THE END OF THE PERIOD

PT SHIELD ON SERVICE Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Pada Tanggal 30 April 2018 Dan 31 Desember 2017 Untuk Periode Empat Bulan Yang Berakhir Pada Tanggal 30 April 2018 Dan Untuk Tahun Yang Berakhir Pada Tanggal 31 Desember 2017 (Disajikan dalam Rupiah, kecuali dinyatakan lain)


NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of April 30, 2018 And December 31, 2017

For The Four-Month Period Ended April 30, 2018

And For The Year Ended December 31, 2017


11

1. UMUM 1. GENERAL Pendirian Perusahaan dan Informasi Umum The Company’s Establishment and General

Information PT Shield On Service Tbk (Perusahaan) didirikan pada

tanggal 5 Agustus 2004 berdasarkan Akta No. 6 dari Notaris Veronica Lily Dharma, S.H. Akta pendirian tersebut telah disahkan oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dalam Surat Keputusan No. C-30035.HT.01.01TH.2004 tanggal 13 Desember 2004. Anggaran Dasar Perusahaan telah mengalami beberapa kali perubahan, terakhir dengan Akta Notaris Yulia, S.H., No. 105 tanggal 17 April 2018 tentang peningkatan modal saham Perusahaan. Perubahan tersebut telah disetujui oleh Kementerian Hukum dan Hak Asasi Manusia Republik Indonesia dengan Surat Keputusan No. AHU-0008771.AH.01.02.Tahun 2018 tanggal 19 April 2018.

PT Shield On Service Tbk (the Company), was established on August 5, 2004 based on Notarial Deed No. 6 of Veronica Lily Dharma, S.H. The Deed of Establishment was approved by the Minister of Law and Human Rights of the Republic of Indonesia in his Decision Letter No. C-30035.HT.01.01TH.2004 dated December 13, 2004. The Company’s Articles of Association have been amended several times, most recently by Notarial Deed No. 105 dated April 17, 2018 of Yulia, S.H., concerning additional paid in capital the Company. This amendment was approved by the Ministry of Law and Human Rights of the Republic of Indonesia in Decision Letter No. AHU-0008771.AH.01.02.Year 2018 dated April 19, 2018.

Sesuai dengan Pasal 3 Anggaran Dasar Perusahaan,

ruang lingkup kegiatan Perusahaan adalah menjalankan usaha dalam bidang jasa kecuali jasa dalam bidang hukum dan pajak, jasa kebersihan mencakup cleaning service dan limbah cair, jasa konsultasi manajemen untuk pemberdayaan sumber daya manusia dan tenaga kerja, jasa konsultasi pelatihan dan ketrampilan tenaga kerja, marketing dan pemberdayaan sumber daya manusia, jasa terknologi informasi termasuk internet content provider multimedia, design dan pemograman piranti lunak, jasa penyelenggaraan penjualan lelang, jasa pengelolaan gedung, perkantoran, taman hiburan/ rekreasi.

In accordance with Article 3 of the Company's Articles of Association, the scope of the Company's activities is to operate in services except services in the field of law and taxes, cleaning services including cleaning service and liquid waste, management consulting services for empowerment of human resources and labor resources, and skills of manpower, marketing and human resource empowerment, information technology services including internet content provider multimedia, software design and programming, auction sale services, building management services, offices, amusement / recreation parks.

Kantor pusat Perusahaan terletak Jl. Kesehatan

No.37, RT.2/RW.3, Petojo, Gambir, Jakarta Pusat. The Company’s main office is located at

Jl. Kesehatan No. 37,RT.2/RW.3, Petojo, Gambir, Central Jakarta.

Perusahaan mulai beroperasi secara komersial pada

tahun 2004. The Company started its commercial operations in

2004. Dewan Komisaris, Direksi dan Karyawan The Boards of Commissioners, Directors and

Employees Susunan Dewan Komisaris dan Direksi Perusahaan

pada tanggal 30 April 2018, 31 Desember 2017, 2016 dan 2015 adalah sebagai berikut:

The Company’s Boards of Commissioners and Directors as of April 30, 2018, December 31, 2017, 2016 and 2015 consist of the following:

30 April 2018 / April 30, 2018 2017, 2016 Dan / And 2015

Dewan Komisaris Board of Commisioners Komisaris Utama Robby Yulianto Robby Yulianto President Commissioner Komisaris Lily Marjani Pribadi Lili Mariani Pribadi Commissioner Komisaris Independen Lucy Ambarini Irwan - Independent Commissioner Dewan Direksi Board of Director Direktur Utama Herman Julianto Herman Julianto President Director Direktur Prasetyo Wibowo - Director Direktur independen Justinus Iwan Sutanto - Independent Director







12

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

Dewan Komisaris, Direksi dan Karyawan (lanjutan) The Boards of Commissioners, Directors and

Employees (continued) Pada tanggal 30 April 2018, 31 Desember 2017, 2016

dan 2015, jumlah karyawan tetap Perusahaan masing-masing adalah 24, 24, 35 dan 43. Sedangkan jumlah karyawan tidak tetap Perusahaan masing-masing adalah 349, 323, 406 dan 566.

As of April 30, 2018, December 31, 2017, 2016 and 2015, the Company has 36, 36, 48 and 58 permanent employees, respectively. While for non permanent employees, the Company has 386, 367, 445 and 623 , respectively.

Jumlah gaji dan kompensasi yang diterima Direksi

Perusahaan untuk periode empat bulan yang berakhir pada tanggal 30 April 2018 dan untuk tahun yang berakhir pada tanggal-tanggal 30 April 2018, 31 Desember 2017, 2016, dan 2015 adalah sebagai berikut:

Total salaries and benefits paid to the Board of Director by the Company for the four-month period anded April 30, 2018 and for the years ended April 30, 2018, December 31, 2017, 2016 and 2015 are as follows:

30 April 2018 / April 30,

2018

30 April

2017 / April 30, 2017

31 Desember

2017 / December 31, 2017

31 Desember 2016 /

December 31, 2016

31 Desember 2015 /

December 31, 2015

Gaji dan

Tunjangan

7.247.241.464 2.228.650.076 7.264.751.863 6.411.092.249 7.336.053.317

Salaries and Allowance

Personel manajemen kunci Perusahaan adalah orang-

orang yang mempunyai kewenangan dan tanggung jawab untuk merencanakan, memimpin dan mengendalikan aktivitas Perusahaan. Seluruh anggota Dewan Komisaris dan Direksi dianggap sebagai manajemen kunci Perusahaan.

Key management personnel of the Company are those people who have the authority and responsibility for planning, directing and controlling the activities of the Company. All members of the Boards of Commissioners and Directors are considered as key management personnel of the Company.

Entitas Anak yang Dikonsolidasikan Consolidated Subsidiaries

Pada tanggal 30 April 2018, 31 Desember 2017, 2016 dan 2015, entitas anak yang dikonsolidasikan dan persentase kepemilikan Perusahaan adalah sebagai berikut:

As of April 30, 2018, December 31, 2017, 2016 and 2015, the consolidated subsidiaries and the respective percentage of ownership owned by the Company are as follows:

Persentase

Kepemilikan / Percentage of

Ownership

Jumlah Aset (Sebelum Eliminasi) / Total Assets (Before Elimination)

Entitas Anak / Subsidiaries

Domisili / Domicile

Jenis Usaha /

Nature of Business

Tahun Berdiri Komersial /

Start of Commercial

2018

2017, 2016

dan / and 2015

2018 2017 2016 2015

Kepemilikan langsung / Direct ownership

PT SOS Indonesia Jakarta Acting Holding 2009 99,97% - 10.843.633.623 10.962.513.972 11.661.426.225 24.303.043.909

PT Professional Human Resources Jakarta

Jasa Penyedia SDM/ Human

Resources Provider 2007 80% 80%

20.025.754.848 21.076.859.035 13.969.884.348 10.459.971.620

PT The Service Line Jakarta Jasa Kebersihan/ Cleaning Services 2007 99,99% -

104.271.817.374 95.508.219.326 89.623.463.880 102.982.031.428

PT Master Parking Indonesia Jakarta Jasa Parkir/ Parking

Services 2009 99,94% -

8.221.677.280 8.269.054.744 10.463.196.264 15.410.690.245

PT Safe Secured Solution Jakarta


Resources Provider 2009 99,47% -

11.371.004.386 9.037.060.969 8.904.610.713 11.033.012.076

Kepemilikan tidak langsung / Indirect ownership

PT Human Resouces Solution Jakarta



4.725.325.037 5.334.430.708 4.087.520.701 3.069.869.404







13

1. UMUM (lanjutan) 1. GENERAL (continued) Entitas Anak yang Dikonsolidasikan (lanjutan) Consolidated Subsidiaries (continued)

Pada tanggal 29 Maret 2018, Perusahaan

mengakuisisi entitas anak di atas kecuali PT Professional Human Resources, dalam transaksi restrukturisasi entitas sepengendali (lihat Catatan 4).

In March 29, 2018, the Company acquired the above subsidiaries, except for PT Professional Human Resources, under restructuring transaction of entities under common control (see Note 4).

PT The Service Line PT The Service Line PT The Service Line telah didirikan pada tanggal

2 Maret 2007 berdasarkan Akta No.1 yang dibuat di hadapan Notaris Artisa Khamelia Ramadiyanti, S.H., M.Kn. Akta pendirian tersebut telah disahkan oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dalam Surat Keputusannya No. W8-02513 HT.01.01-TH.2007 tanggal 30 Agustus 2007. Anggaran Dasar PT The Service Line telah mengalami beberapa kali perubahan, terakhir dengan Akta Notaris No. 170 tanggal 29 Maret 2018 dari Yulia, S.H., tentang perubahan modal dasar, ditempatkan dan disetor. Perubahan anggaran dasar tersebut telah disetujui oleh Kementerian Hukum dan Hak Asasi Manusia Republik Indonesia dengan Surat Keputusannya No. AHU-AH.0067165.AH.01.02.Tahun 2018 tanggal 29 Maret 2018.

PT The Service Line was established on March 2, 2007 based on Notarial Deed No.1 of Artisa Khamelia Ramadiyanti, S.H., M.Kn. The deed of establishment was approved by the Minister of Law and Human Rights of the Republic of Indonesia in his Decision Letter No. W8-02513 HT.01.01-TH.2007 dated August 30, 2007. PT The Service Line’s Articles of Association have been amended several times, most recently by Notarial Deed No. 170 dated March 29, 2018 of Yulia, S.H., concerning changes in authorized capital, issued and paid in capital. This amendment was approved by the Ministry of Law and Human Rights of the Republic of Indonesia in his Decision Letter No. AHU-AH.0067165.AH.01.02.2018 dated March 29, 2018.

Berdasarkan Akta Notaris Yulia, S.H., No. 170 tanggal

29 Maret 2018, Perusahaan telah melakukan penyertaan 8.000 saham baru yang diterbitkan oleh PT The Service Line sebesar Rp 8.000.000.000. Berdasarkan Akta Notaris Yulia, S.H., No. 170 tanggal 29 Maret 2018, Perusahaan telah melakukan pembelian 18.897 saham PT The Service Line sebesar Rp 18.897.000.000 dari PT Puragraha Dianpertiwi dan sebesar 6.299 saham dari PT Inlife sebesar Rp 6.299.000.000. Sehingga kepemilikan Perusahaan atas saham PT The Service Line menjadi 33.196 atau sebesar Rp 33.196.000.000 dari nilai nominal saham seluruhnya 33.200 saham atau sebesar Rp 33.200.000.

Based on Notarial Deed of Yulia, S.H., No. 170 dated March 29, 2018, the Company has invested 8,000 new shares issued by PT The Service Line amounting to Rp 8,000,000,000. Based on Notarial Deed of Yulia, S.H., No. 170 dated March 29, 2018, the Company has acquired 18,897 shares from PT The Service Line amounted to Rp 18,897,000,000 from PT Puragraha Dianpertiwi and amounted to 6,299 shares from PT Inlife amounted to Rp 6,299,000,000. Thus, the Company's ownership of PT The Service Line shares becomes to 33,196 or amounted to Rp 33,196,000,000 from the total nominal value of 33,200 shares or amounted to Rp 33,200,000.

Persentase

Kepemilikan / Percentage of

Ownership

Jumlah Liabilitas (Sebelum Eliminasi) / Total Liabilities (Before Elimination)

Entitas Anak / Subsidiaries

Domisili / Domicile

Jenis Usaha /

Nature of Business

Tahun Berdiri Komersial /

Start of Commercial

2018

2017, 2016

dan / and 2015

2018 2017 2016 2015

Kepemilikan langsung / Direct ownership

PT SOS Indonesia Jakarta Acting Holding 2009 99,97% - 583.586.982 12.581.756.559 12.383.598.472 22.747.472.239

PT Professional Human Resources Jakarta



14.442.091.131 15.822.215.734 9.490.240.300 6.566.364.641

PT The Service Line Jakarta Jasa Kebersihan/ Cleaning Services 2007 99,99% -

69.564.322.556 70.159.956.804 77.355.615.626 83.653.700.410

PT Master Parking Indonesia Jakarta Jasa Parkir/ Parking

Services 2009 99,94% -

10.742.438.540 15.670.117.850 16.073.278.842 16.590.158.867

PT Safe Secured Solution Jakarta


Resources Provider 2009 99,47% -

10.237.437.991 9.423.144.078 9.367.922.279 11.654.106.929

Kepemilikan tidak langsung / Indirect ownership

PT Human Resouces Solution Jakarta



3.428.765.123 4.172.706.162 3.145.778.827 2.307.424.700







14


Entitas Anak yang Dikonsolidasikan (lanjutan) Consolidated Subsidiaries (continued)

PT Master Parking Indonesia PT Master Parking Indonesia PT Master Parking Indonesia didirikan pada tanggal

22 Juni 2009 berdasarkan Akta No. 3 dari Notaris Artisa Khamelia Ramadiyanti, S.H., M.Kn. Akta pendirian tersebut telah disahkan oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dalam Surat Keputusannya No. AHU-55847.AH.01.01.2009 tanggal 17 November 2009. Anggaran Dasar PT Master Parking Indonesia telah mengalami beberapa kali perubahan, terakhir dengan Akta Notaris Yulia, S.H., No. 174 tanggal 29 Maret 2018 tentang perubahan modal dasar, ditempatkan, dan disetor penuh. Perubahan tersebut telah disetujui oleh Kementerian Hukum dan Hak Asasi Manusia Republik Indonesia dengan Surat Keputusan No. AHU-AH.01.03.0129356, tanggal 29 Maret 2018.

PT Master Parking Indonesia was established on June 22, 2009 based on Notarial Deed No. 3 of Artisa Khamelia Ramadiyanti, S.H., M.Kn. The deed of establishment was approved by the Minister of Law and Human Rights of the Republic of Indonesia in his Decision Letter No. AHU-55847.AH.01.01.2009 dated November 17, 2009. The PT Master Parking Indonesia’s Articles of Association have been amended several times, most recently by Notarial Deed No. 174 dated March 29, 2018 of Yulia, S.H., concerning changes authorized, issued and fully paid capital. This amendment was approved by the Ministry of Law and Human Rights of the Republic of Indonesi with Decision Letter No. AHU-AH.01.03.0129356, dated March 29, 2018.

Berdasarkan Akta Notaris Yulia, S.H., No. 161 tanggal 28 Maret 2018, Perusahaan telah melakukan penyertaan 5.500 saham baru yang diterbitkan oleh PT Master Parking Indonesia sebesar Rp 5.500.000.000.

Based on Notarial Deed of Yulia, S.H., No. 161 dated March 28, 2018, the Company has invested 5,500 new shares issued by PT Master Parking Indonesia amounted to Rp 5,500,000,000.

Berdasarkan Akta Notaris Yulia, S.H., No. 174 tanggal 29 Maret 2018, Perusahaan melakukan pembelian saham PT Master Parking Indonesia sebanyak 747 saham dari PT Puragraha Dianpertiwi sebesar Rp 747.000.000 dan sebanyak 249 saham dari PT Inlife sebesar Rp 249.000.000. Sehingga kepemilikan Perusahaan atas PT Master Parking Indonesia menjadi 6.496 saham atau sebesar Rp 6.496.000.000 dari nilai nominal saham seluruhnya 65.000 saham atau sebesar Rp 6.500.000.000.

Based on Notarial Deed of Yulia, S.H., No. 174 dated March 29, 2018, the Company has acquired 747 shares of PT Master Parking Indonesia from

PT Puragraha Dianpertiwi amounting to

Rp 747,000,000 and 249 shares from PT Inlife amounted to Rp 249,000,000. Thus, the Company's ownership of PT Master Parking Indonesia shares becomes 6,496 shares or amounted to Rp 6,496,000,000 of the total nominal value of the shares of 65,000 shares or amounted to equivalent Rp 6,500,000,000.

PT Professional Human Resources PT Professional Human Resources

PT Professional Human Resources, berkedudukan di Jakarta, didirikan pada tanggal 9 September 2007 berdasarkan Akta No. 2 dari Notaris Artisa Khamelia Ramadiyanti, S.H., M.Kn., notaris di Bekasi dengan nilai investasi awal sejumlah Rp 250.000.000, dengan persentase kepemilikan Perusahaan sebesar 80% dan sisanya dimiliki oleh PT Elang Permata, pihak ketiga.

PT Professional Human Resoruces, is domiciled in Jakarta, was established on September 9, 2007 based on Notarial Deed No. 2 of Artisa Khamelia Ramadiyanti, S.H., M.Kn., notary in Bekasi with an initial capitalization of Rp 250,000,000, as a 80% owned subsidiary, and remaining is owned by PT Elang Permata, third parties.

Anggaran Dasar PT Professional Human Resources telah mengalami beberapa kali perubahan, terakhir dengan Akta Notaris Artisa Khamelia Ramadiyanti, S.H., M.Kn., No. 12 tanggal 8 Maret 2013 tentang perubahan susunan pengurus Perusahaan. Perubahan tersebut telah disetujui oleh Kementerian Hukum dan Hak Asasi Manusia Republik Indonesia dengan Surat Keputusan No. AHU-0086379.AH.01.09.Tahun 2013, tanggal 12 September 2013.

PT Professional Human Resources Articles of Association have been amended several times, most recently by Notarial Deed No. 12 dated March 8, 2013 of Artisa Khamelia Ramadiyanti, S.H., M.Kn., concerning changes in the structure of the Company. This amendment was approved by the Ministry of Law and Human Rights of the Republic of Indonesia in Decision Letter No. AHU-0086379.AH.01.09.Year 2013, dated September 12, 2013.







15

1. UMUM (lanjutan) 1. GENERAL (continued) Entitas Anak yang Dikonsolidasikan (lanjutan) Consolidated Subsidiaries (continued) PT Safe Secured Solution PT Safe Secured Solution

PT Safe Secured Solution didirikan pada tanggal 25 Juni 2009 berdasarkan Akta No. 4 dari Notaris Artisa Khamelia Ramadiyanti, S.H., M.Kn. Akta pendirian tersebut telah disahkan oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dalam Surat Keputusan No. AHU-57241.AH.01.01TH.2009 tanggal 24 November 2009. Anggaran Dasar PT Safe Secured Solution telah mengalami beberapa kali perubahan, terakhir dengan Akta Notaris No. 177 tanggal 29 Maret 2018 dari Yulia, S.H., tentang perubahan modal dasar, ditempatkan dan disetor. Perubahan anggaran dasar tersebut telah disetujui oleh Kementerian Hukum dan Hak Asasi Manusia Republik Indonesia dengan Surat Keputusannya No. AHU-AH.01.03-0129360 Tahun 2018 tanggal 29 Maret 2018.

PT Safe Secured Solution, was established on June 25, 2009 based on Notarial Deed No. 4 of Artisa Khamelia Ramadiyanti, S.H., M.Kn. The deed of establishment was approved by the Minister of Law and Human Rights of the Republic of Indonesia in his Decision Letter No AHU-57241.AH.01.01TH.2009 dated November 24, 2009. The PT Safe Secured Solution Articles of Association have been amended several times, most recently by Notarial Deed No. 177 dated March 29, 2018 of Yulia, S.H., concerning changes in authorized capital, issued and paid in capital. This amendment was approved by the Ministry of Law and Human Rights of the Republic of Indonesia in his Decision Letter No. AHU-AH.01.03-0129360 dated March 29, 2018.

Berdasarkan Akta Notaris Yulia, S.H., No. 160 tanggal

28 Maret 2018, Perusahaan telah melakukan penyertaan 500 saham baru yang diterbitkan oleh PT Safe Secured Solution sebesar Rp 500.000.000. Berdasarkan Akta Notaris Yulia, S.H., No. 177 tanggal 29 Maret 2018, Perusahaan melakukan pembelian saham PT Safe Secured Solution sebanyak 184 saham dari PT Puragraha Dianpertiwi sebesar Rp 184.000.000 dan sebanyak 62 saham dari PT Inlife sebesar Rp 62.000.000. Sehingga kepemilikan Perusahaan atas saham PT Safe Secure Solution menjadi 746 saham atau sebesar Rp 746.000.000 dari nilai nominal seluruhnya 750 saham atau sebesar Rp 750.000.000.

Based on Notarial Deed of Yulia, S.H., No. 160 dated March 28, 2018, the Company has invested 500 new shares issued by PT Safe Secured Solution amounted to Rp 500,000,000. Based on Notarial Deed of Yulia, S.H., No. 177 dated March 29, 2018, the Company has acquired 184 shares of PT Safe Secured Solution from PT Puragraha Dianpertiwi amounted to Rp 184,000,000 and 62 shares from PT Inlife amounted to Rp 62,000,000. Thus, the Company's ownership of PT Safe Secure Solution shares becomes 746 shares or amounted to Rp 746,000,000 from the total nominal value of 750 shares or amounting to Rp 750,000,000.

PT SOS Indonesia PT SOS Indonesia PT SOS Indonesia didirikan tanggal 2 April 2009

berdasarkan Akta No. 8 dari Notaris Artisa Khamelia Ramadiyanti, S.H., M.Kn. Akta pendirian tersebut telah disahkan oleh Kementerian Hukum dan Hak Asasi Manusia Republik Indonesia dalam surat keputusan No AHU-25881.AH.01.01.2009 tanggal 12 Juni 2009. Anggaran Dasar PT SOS Indonesia telah mengalami beberapa kali perubahan, terakhir dengan Akta Notaris Yulia, S.H., No. 180 tanggal 29 Maret 2018 tentang perubahan modal dasar, ditempatkan dan disetor. Perubahan anggaran dasar tersebut telah disetujui oleh Kementerian Hukum dan Hak Asasi Manusia Republik Indonesia dengan surat keputusan No AHU-AH.01.03.0129365 tanggal 29 Maret 2018.

PT SOS Indonesia was established on April 2, 2009 based on Deed No. 8 of Notary Artisa Khamelia Ramadiyanti, S.H., M.Kn. This deed of establishment has been approved by the Ministry of Law and Human Rights of the Rrepublic of Indonesia in decision letter No. AHU-25881.AH.01.01.2009 dated June 12, 2009. The Articles of Association of the PT SOS Indonesia’s have been amended several times, most recenly by notarial deed of Yulia, S.H., No. 180 dated March 28,2018 concerning the charge of authorized, issued and fully paid in capital. This amandment has approved by the Ministry of Law and Human Rights of the Republic of Indonesia with decision letter No AHU-0007057.AH.01.02.2018 dated 29 March 2018.







16


Entitas Anak yang Dikonsolidasikan (lanjutan) Consolidated Subsidiaries (continued)

PT SOS Indonesia PT SOS Indonesia

Berdasarkan Akta Notaris Yulia, S.H., No. 163 tanggal 29 Maret 2018, Perusahaan telah melakukan penyertaan 12.000 saham yang diterbitkan PT SOS Indonesia sebesar Rp 12.000.000.000. Berdasarkan Akta Notaris Yulia, S.H., No. 180 tanggal 29 Maret 2018, Perusahaan telah melakukan pembelian saham PT SOS Indonesia sebanyak 747 saham dari PT Puragraha Dianpertiwi sebesar Rp 747.000.000 dan sebanyak 249 saham dari PT Inlife sebesar Rp 249.000.000. Sehingga kepemilikan saham Perusahaan atas saham PT SOS Indonesia menjadi 12.996 saham atau sebesar Rp 12.996.000.000 dari nilai nominal saham seluruhnya 13.000 saham atau sebesar Rp 13.000.000.000.

Based on Notarial Deed of Yulia, S.H., No. 163 dated March 29, 2018, the Company has invested 12,000 shares issued by PT SOS Indonesia amounted to Rp 12,000,000.000. Based on Notarial Deed of Yulia, S.H., No. 180 dated March 29, 2018, the Company has acquired 747 shares of PT SOS Indonesia from PT Puragraha Dianpertiwi amounted to Rp 747,000,000 and 249 shares from PT Inlife amounted to Rp 249,000,000. Thus, the Company's ownership ot PT SOS Indonesia shares becomes 12,996 shares or amounted to Rp 12,996,000,000 of the total par value of 13,000 shares or amounted to Rp 13,000,000,000.

Penerbitan Laporan Keuangan Konsolidasian Issuance of Consolidated Financial Statements

Laporan keuangan konsolidasian ini telah diotorisasi untuk diterbitkan oleh Dewan Direksi Perusahaan, selaku pihak yang bertanggung jawab atas penyusunan dan penyelesaian laporan keuangan konsolidasian pada tanggal 29 Agustus 2018.

The consolidated financial statements have been authorized for issuance by the Board of Director of the Company, as the party who is responsible for the preparation and completion of the consolidated financial statements on August 29, 2018.

2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

a. Kepatuhan Terhadap Standar Akuntansi

Keuangan (SAK) a. Compliance with Financial Accounting

Strandards (SAK) Sebelum tahun 2017, laporan keuangan

Perusahaan disusun dan disajikan dengan menggunakan Standar Akuntansi Keuangan Entitas Tanpa Akuntabilitas Publik (SAK-ETAP). Efektif 1 Januari 2017, Perusahaan merubah dasar penyusunan laporan keuangan dari SAK-ETAP ke Standar Akuntansi Keuangan di Indonesia (SAK). Perubahan pada dasar penyusunan laporan keuangan yang dilakukan antara lain, perubahan kebijakan akuntansi terkait liabilitas diestimasi atas imbalan kerja karyawan dan perubahan penyusunan dan pengukuran laporan keuangan dengan menggunakan prinsip konsolidasian.

Prior to 2017, the Company’s financial statements have been prepared and presented in accordance with the Financial Accounting Standards for Non-Publicly Accountable Entities (SAK-ETAP). Effective January 1, 2017, the Company has changed the basis of preparation of the financial statements from SAK-ETAP to Indonesian Financial Accounting Standards (SAK). The change in the basis of preparation of the financial statements or mentioned above have changed the accounting policy relating to the estimated liabilities for employees’ benefits and it changes the preparation and measurement of the financial statement to consolidation basis.

Laporan keuangan konsolidasian Perusahaan dan Entitas Anak (selanjutnya disebut “Grup”) telah disusun dan disajikan dengan menggunakan Standar Akuntansi Keuangan di Indonesia, meliputi Pernyataan Standar Akuntansi Keuangan (PSAK) dan Interpretasi Standar Akuntansi Keuangan (ISAK) yang diterbitkan oleh Dewan Standar Akuntansi Keuangan Ikatan Akuntan Indonesia (IAI) serta Peraturan Regulator Pasar Modal.

The consolidated financial statements of the Company and subsidiaries (hereafter referred to as “the Group”), have been prepared and presented in accordance with Indonesian Financial Accounting Standards, which comprise the Statements of Financial Accounting Standards (PSAK) and Interpretations of Financial Accounting Standards (ISAK) issued by the Financial Accounting Standards Board of the Institute of Indonesia Chartered Accountants (IAI) and the Regulation of Capital Market Regulatory.







17

2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

b. Dasar Penyusunan dan Pengukuran Laporan

Keuangan Konsolidasian b. Basis of Consolidated Financial Statements

Preparation and Measurement

Dasar pengukuran laporan keuangan konsolidasian ini adalah konsep biaya perolehan (historical cost), kecuali beberapa akun tertentu disusun berdasarkan pengukuran lain, sebagaimana diuraikan dalam kebijakan akuntansi masing-masing akun tersebut. Laporan keuangan konsolidasian ini disusun dengan metode akrual, kecuali laporan arus kas konsolidasian.

The measurement basis used is the historical cost, except for certain accounts which are measured on the bases described in the related accounting policies. The consolidated financial statements, except for the consolidated statements of cash flows, are prepared under the accrual basis of accounting.

Laporan arus kas konsolidasian disusun dengan menggunakan metode langsung dengan mengelompokkan arus kas dalam aktivitas operasi, investasi dan pendanaan.

The consolidated statements of cash flows are prepared using the direct method with classifications of cash flows into operating, investing and financing activities.

Mata uang yang digunakan dalam penyusunan dan penyajian laporan keuangan konsolidasian adalah mata uang Rupiah yang juga merupakan mata uang fungsional Grup.

The currency used in the preparation and presentation of the consolidated financial statements is the Indonesian Rupiah which is also the functional currency of the Group.

Perlu dicatat bahwa estimasi akuntansi dan asumsi yang digunakan dalam penyusunan laporan keuangan konsolidasian, meskipun perkiraan ini didasarkan pada pengetahuan terbaik manajemen dan penilaian dari peristiwa dan tindakan saat ini, peristiwa yang sebenarnya mungkin akhirnya berbeda dengan estimasi. Area yang kompleks atau memerlukan tingkat pertimbangan yang lebih tinggi atau area di mana asumsi dan estimasi berdampak signifikan terhadap laporan keuangan konsolidasian diungkapkan di Catatan 3.

It should be noted that accounting estimates and assumptions used in the preparation of the consolidated financial statements, although these estimates are based on management best knowledge and judgement of the current events and actions, actual events may ultimately differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the consolidated financial statements are disclosed in Note 3.

c. Penerapan Standar dan Interpretasi Baru, Revisi, Amandemen dan Penyesuaian

c. Application of New, Revised, Amendments and Improvements of Standards and Interpretations

Pada tanggal 1 Januari 2015 dan 2016, 1 Juli 2016, 1 Januari 2017 dan 2018, Grup menerapkan Pernyataan Standar Akuntansi Keuangan (“PSAK”) baru, revisi, amandemen dan penyesuaian dan Interpretasi Standar Akuntansi Keuangan (“ISAK”) yang wajib diterapkan pada tanggal-tanggal tersebut. Kebijakan akuntansi tertentu Grup telah diubah seperti yang disyaratkan, sesuai dengan ketentuan transisi dalam masing-masing standar dan interpretasi.

On January 1, 2015 and 2016, July 1, 2016, January 1, 2017 and 2018, the Group applied new, revised, amendments and improvements to Statements of Financial Accounting Standards (PSAK) and Interpretation of Financial Accounting Standard (ISAK) that are mandatory for application from those dates. Changes to the Group’s accounting policies have been made, as required, in accordance with the transitional provisions in the respective standards and interpretations.







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2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN (lanjutan)

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

c. Penerapan Standar dan Interpretasi Baru,

Revisi, Amandemen dan Penyesuaian (lanjutan)

c. Application of New, Revised, Amendments and Improvements of Standards and Interpretations (continued)

1 Januari 2015 January 1, 2015

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

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

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

PSAK No. 46 (Revisi 2014), “Pajak Penghasilan”

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

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

PSAK No. 4 (Revised 2013), “Separate Financial Statements”

PSAK No. 24 (Revised 2013), “Employee Benefits”

PSAK No. 46 (Revised 2014), “Income Taxes”

PSAK No. 48 (Revised 2014), “Impairment of Assets”

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

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

PSAK No. 60 (Revisi 2014), “Instrumen Keuangan: Pengungkapan”

PSAK No. 65, “Laporan Keuangan Konsolidasian”

PSAK No. 67, “Pengungkapan Kepentingan Dalam Entitas Lain”

PSAK No. 68, “Pengukuran Nilai Wajar”

ISAK No. 26, “Pengukuran Kembali Derivatif Melekat”

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

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

PSAK No. 60 (Revised 2014), “Financial Instruments: Disclosures”

PSAK No. 65, “Consolidated Financial Statements”

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

PSAK No. 68, “Fair Value Measurements”

ISAK No. 26, “Remeasurement of Embedded Derivatives”


Amandemen PSAK No. 4, “Laporan Keuangan Tersendiri tentang Metode Ekuitas dalam Laporan Keuangan Tersendiri”

Amandemen PSAK No. 15, “Investasi Pada Entitas Asosiasi dan Ventura Bersama tentang Entitas Investasi: Penerapan Pengecualian Konsolidasi”

Amandemen PSAK No. 16, “Aset Tetap tentang Klarifikasi Metode yang Diterima untuk Penyusutan dan Amortisasi”

Amandemen PSAK No. 19, “Aset Takberwujud tentang Klarifikasi Metode yang Diterima untuk

Penyusutan dan Amortisasi”

Amendments to PSAK No. 4, “Equity Method in Separate Financial Statements”

Amendments to PSAK No. 15, “Investment in Associates and Joint Ventures of Investment Entities: Applying the Consolidation Exception”

Amendments to PSAK No. 16, “Fixed Assets on Clarification of Acceptable Methods of Depreciation and Amortization”

Amendments to PSAK No. 19, “Intangible Assets on Clarification of Acceptable Methods of Depreciation and Amortization”







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c. Penerapan Standar dan Interpretasi Baru, Revisi, Amandemen dan Penyesuaian (lanjutan)


1 Januari 2016 (lanjutan) January 1, 2016 (continued)

Amandemen PSAK No. 24, “Imbalan Kerja tentang Program Imbalan Pasti: Iuran Pekerja”

Amandemen PSAK No. 65, “Laporan Keuangan Konsolidasian tentang Entitas Investasi: Penerapan Pengecualian Konsolidasi”

Amandemen PSAK No. 66, “Pengaturan Bersama tentang Akuntansi Akuisisi Kepentingan dalam Operasi Bersama”

Amandemen PSAK No. 67, “Pengungkapan Kepentingan Dalam Entitas Lain tentang Entitas Investasi: Penerapan Pengecualian Konsolidasi”

ISAK No. 30, “Pungutan”

PSAK No. 5 (Penyesuaian 2015), “Segmen Operasi”

PSAK No. 7 (Penyesuaian 2015), “Pengungkapan Pihak-pihak Berelasi”

PSAK No. 13 (Penyesuaian 2015), “Properti Investasi”

PSAK No. 16 (Penyesuaian 2015), “Aset Tetap”

PSAK No. 19 (Penyesuaian 2015), “Aset Tak berwujud”

Amendments PSAK No. 24, “Defined Benefit Plans: Employee Contributions”

Amendments to PSAK No. 65, “Consolidated Financial Statements of Investment Entities: Applying the Consolidation Exception”

Amendments to PSAK No. 66, “Accounting for Acquisitions of Interests in Joint Operations”

Amendments to PSAK No. 67, “Disclosure of Interest in Other Entities of Investment Entities: Applying in the Consolidation Exception”

ISAK No. 30, “Levies”

PSAK No. 5 (Improvement 2015), “Operating Segment”

PSAK No. 7 (Improvement 2015), “Related Party Disclosures”

PSAK No. 13 (Improvement 2015), “Investment Property”

PSAK No. 16 (Improvement 2015), “Fixed Assets”

PSAK No. 19 (Improvement 2015), “Intangible Assets”

PSAK No. 22 (Penyesuaian 2015), “Kombinasi Bisnis”

PSAK No. 25 (Penyesuaian 2015), “Kebijakan Akuntansi, Perubahan Estimasi Akuntansi dan Kesalahan”

PSAK No. 53 (Penyesuaian 2015), “Pembayaran Berbasis Saham”

PSAK No. 68 (Penyesuaian 2015), “Pengukuran Nilai Wajar”

PSAK No. 22 (Improvement 2015), “Business Combinations”

PSAK No. 25 (Improvement 2015), “Accounting Policies, Changes in Accounting Estimates and Errors”

PSAK No. 53 (Improvement 2015), “Share-based Payment”

PSAK No. 68 (Improvement 2015), “Fair Value Measurement”

1 Juli 2016 July 1, 2016

PSAK No. 70, “Akuntansi Aset dan Liabilitas Pengampunan Pajak”

PSAK No. 70, “Accounting for Tax Amnesty Assets and Liabilities”


Amandemen PSAK No. 1, “Penyajian Laporan Keuangan tentang Prakarsa Pengungkapan”

PSAK No. 3 (Penyesuaian 2016), “Laporan Keuangan Interim”

PSAK No. 24 (Penyesuaian 2016), “Imbalan Kerja”

PSAK No. 58 (Penyesuaian 2016), “Aset Tidak Lancar yang Dimiliki untuk Dijual dan Operasi yang Dihentikan”

PSAK No.60 (Penyesuaian 2016), “Instrumen Keuangan: Pengungkapan”

ISAK No. 31, “Interpretasi atas Ruang Lingkup PSAK 13: Properti Investasi”

ISAK No. 32, “Definisi dan Hierarki Standar Akuntansi Keuangan”

Amendments to PSAK No. 1, “Presentation of Financial Statements on Disclosure Initiative”

PSAK No. 3 (Improvement 2016), “Interim Financial Reporting”

PSAK No. 24 (Improvement 2016), “Employee Benefits”

PSAK No. 58 (Improvement 2016), “Non-current Assets Held for Sale and Discontinued Operations”

PSAK No. 60 (Improvement 2016), “Financial Instruments: Disclosures”

ISAK No. 31, “Interpretation on Scope of PSAK No. 13: Investment Property”

ISAK No. 32, “Definition and Hierarchy of Financial Accounting Standards”







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c. Penerapan Standar dan Interpretasi Baru, Revisi, Amandemen dan Penyesuaian (lanjutan)



Amandemen PSAK No. 2, “Laporan Arus Kas: Prakarsa Pengungkapan

Amandemen PSAK No. 16, “Aset Tetap: Agrikultur – Tanaman Produktif”

Amandemen PSAK No. 46, “Pajak Penghasilan: Pengakuan Aset Pajak Tangguhan untuk Rugi yang Belum Direalisasi”

PSAK No. 15 (Penyesuaian 2017), “Investasi pada Entitas Asosiasi dan Ventura Bersama”

PSAK No. 67 (Penyesuaian 2017), “Pengungkapan Kepentingan dalam Entitas Lain”

PSAK No. 69, “Agrikultur”

Amendments to PSAK No. 2, “Statement of Cash Flows: Disclosure Initiative”

Amendments to PSAK No. 16, “Fixed Assets: Agriculture – Bearer Plants”

Amendments to PSAK No. 46, “Income Taxes: Recognition of Deferred Tax Assets for Unrealized Losses”

PSAK No. 15 (Improvement 2017), “Investments in Associates and Joint Ventures”

PSAK No. 67 (Improvement 2017), “Disclosures of Interests in Other Entities”

PSAK No. 69, “Agriculture”

d. Prinsip Konsolidasian d. Principal of Consolidation

Seluruh transaksi antar perusahaan, saldo akun dan laba atau rugi yang belum direalisasi dari transaksi antar entitas telah dieliminasi.

Inter-company transactions, balances and unrealized gains or loss on transactions between companies in the group are eliminated.

Entitas Anak adalah seluruh entitas di mana

Perusahaan memiliki pengendalian. Grup mengendalikan investee ketika memiliki kekuasaan atas investee, eksposur atau hak atas imbal hasil variabel dari keterlibatannya dengan investee, dan memiliki kemampuan untuk menggunakan kekuasaannya atas investee untuk mempengaruhi jumlah imbal hasil.

Subsidiaries are all entities over which the Company has control. The Group controls the investee when the Group has power over the investee, is exposed, or has rights, to variable returns from its involvement with the investee, and has the ability to use its power over the investee to affect its returns.

Konsolidasi atas entitas anak dimulai sejak tanggal

memperoleh pengendalian atas entitas anak dan berakhir ketika kehilangan pengendalian atas entitas anak. Penghasilan dan beban entitas anak dimasukkan atau dilepaskan selama tahun berjalan dalam laba rugi dari tanggal diperolehnya pengendalian sampai dengan tanggal ketika Grup kehilangan pengendalian atas entitas anak.

Consolidation of a subsidiary begins when the Group obtains control over the subsidiary and ceases when the Group loses control of the subsidiary. Income and expenses of a subsidiary acquired or disposed of during the year are included in profit or loss from the date the Group gains control until the date the Group ceases to control the subsidiary.

Rugi entitas anak yang tidak dimiliki secara penuh

diatribusikan pada Kepentingan Non-pengendali (KNP) bahkan jika hal ini mengakibatkan KNP mempunyai saldo defisit.

Losses of a non-wholly owned subsidiary are attributed to the Non-controlling Interests (NCI) even if such losses result in a deficit balance for the NCI.

Jika Perusahaan kehilangan pengendalian atas

Entitas Anak maka Perusahaan pada tanggal hilangnya pengendalian tersebut:

If the Company loses control of a subsidiary, on the date of loss of control, the Company shall:







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d. Prinsip Konsolidasian (lanjutan) d. Principal of Consolidation (continued)

Menghentikan pengakuan aset (termasuk setiap goodwill) dan liabilitas Entitas Anak pada nilai tercatatnya.

Menghentikan pengakuan jumlah tercatat setiap KNP;

Mengakui nilai wajar pembayaran yang diterima dan distribusi saham (jika ada);

Mengakui setiap sisa investasi pada entitas anak pada nilai wajarnya;

Mereklasifikasi bagian Perusahaan atas komponen yang sebelumnya diakui sebagai penghasilan komprehensif lain ke laporan laba rugi dan penghasilan komprehensif lain konsolidasian, atau mengalihkan secara langsung ke saldo laba dan;

Derecognize the assets (include goodwill) and liabilities of the Subsidiary at their carrying amount;

Derecognize the carrying amount of any NCI;

Recognize the fair value of the consideration received (if any);

Recognize the fair value of any investment retained;

Reclassify the Company’s share of components previously recognized in other comprehensive income to the consolidated statement of profit or loss and other comprehensive income or retained earnings, as appropriate and;

Mengakui setiap perbedaan yang dihasilkan sebagai keuntungan atau kerugian dalam laporan laba rugi dan penghasilan komprehensif lain konsolidasian.

Recognize any surplus or deficit as gain or loss in the consolidated statement of profit or loss and other comprehensive income.

KNP mencerminkan bagian atas laba atau rugi dan aset bersih dari entitas anak yang tidak dapat diatribusikan secara langsung maupun tidak langsung pada Perusahaan, yang masing-masing disajikan dalam laporan laba rugi dan penghasilan komprehensif lain konsolidasian dan dalam ekuitas pada laporan posisi keuangan konsolidasian, terpisah dari bagian yang dapat diatribusikan kepada pemilik entitas induk.

NCI represents the portion of the profit or loss and net assets of the subsidiaries attributable to equity interests that are not owned directly or indirectly by the Company, which are presented in the consolidated statement of profit or loss and other comprehensive income and under the equity section of the consolidated statement of financial position, respectively, separately from the corresponding portion attributable to the equity holders of the parent company.

Transaksi dengan kepentingan non-pengendali yang

tidak mengakibatkan hilangnya pengendalian dicatat sebagai transaksi ekuitas. Selisih antara nilai wajar imbalan yang dialihkan dengan bagian relatif atas nilai tercatat aset bersih entitas anak yang diakuisisi dicatat di ekuitas. Laba atau rugi dari pelepasan kepada kepentingan non-pengendali juga dicatat di ekuitas.

Transactions with non-controlling interests that do not result in loss of control are accounted for as equity transactions. The difference between the fair value of any consideration paid and the relevant share acquired of the carrying value of net assets of the subsidiary is recorded in equity. Gains or losses on disposals to non-controlling interests are also recorded in equity.

e. Kombinasi Binis Entitas Sepengendali e. Business Combination of Entities Under Common Control

Sesuai dengan PSAK No. 38 (Revisi 2012), “Kombinasi Bisnis Entitas Sepengendali” yang berlaku efektif untuk tahun keuangan yang dimulai 1 Januari 2013, hanya transaksi kombinasi bisnis entitas sepengendali akan diperhitungkan oleh PSAK No. 38 (Revisi 2012). Pelaporan harus menentukan apakah substansi transaksi benar-benar kombinasi bisnis entitas sepengendali.

In accordance with revised PSAK No. 38 (Revised 2012), “Bussines Combination of Entities Under Common Control” which became effective for the financial year beginning January 1, 2013, only bussiness combination transaction between entities under common control would be accounted for PSAK No. 38 (Revised 2012). The reporting entity sould determine whether the transaction’s substance is really the combination of a business between entities under common control.







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e. Kombinasi Binis Entitas Sepengendali (lanjutan)

e. Business Combination of Entities Under Common Control (continued)

Aset dan liabilitas dari Perusahaan yang diakuisisi tidak disajikan kembali berdasarkan nilai wajar, melainkan Perusahaan yang mengakuisisi terus menganggap jumlah tercatat diakuisisi aset dan liabilitas ini menggunakan metode penyatuan kepemilikan harus diterapkan dimulai dari awal jika dalam periode pelaporan atas kedua entitas (akuisisi dan pengakuisisi) adalah entitas sepengendali.

Assets and liabilities of the acquire are not restated to fair value instead the acquirer continuous to assume the acquiree’s carrying amount of those assets and liabilities using pooling-of-interest method. Under the revised PSAK No. 38, the pooling-of-interest method should be applied starting from the beginning of the period in the year the two entities (acquirer and acquired) first came under common control.

Selisih antara harga pengalihan yang dibayar adalah jumlah tercatat aset bersih yang diperoleh akan disajikan sebagai bagian dari pengakuisisi Tambahan Modal Disetor dalam ekuitas.

The difference between the transfer price paid and carrying amount of net assets acquired will be presented as part of the acquirer’s Additional Paid in Capital account in equity.

Saldo “Selisih Nilai Transaksi Restrukturisasi Entitas Sepengendali” akan direklasifikasi dan disajikan sebagai bagian dari ekuitas pada tambahan modal disetor pada awal penerapan standar ini dan tidak boleh direklasifikan dari saldo ekuitas ke laba rugi di masa depan.

The balance of the “Difference Arising From Restructuring Transaction of Entities Under Common Control” will be reclassified and presented in equity as additional paid in capital on the initial application of this standard and it should not be recycled such equity balance to profit or loss in the future.

Karena transaksi restrukturisasi entitas sepengendali tidak mengkibatkan perubahan substansi ekonomi pemilikan atas asset, liabilitas, saham atau instrumen kepemilikan lainnya yang dipertukarkan. aset atau liabilitas yang dialihkan dicatat pada nilai buku sebagai kombinasi bisnis dengan menggunakan metode penyatuan kepemilikan (pooling-of interest).

Since the restructuring transaction of entites under common control does not result in a change of the economic substance of the ownership of assets, liabilities, shares or other instrument of ownership which are exchanged, assets or liabilities transferred are recorded at book values as a business combination using the pooling-of-interest method.

Dalam menerapkan metode penyatuan kepemilikan, komponen laporan keuangan konsolidasian untuk periode di mana terjadi restrukturisasi dan untuk periode lain yang disajikan untuk tujuan perbandingan. disajikan sedemikian rupa seolah-olah restrukturisasi telah terjadi sejak awal periode laporan keuangan yang disajikan. Selisih antara jumlah tercatat investasi pada tanggal efektif dan harga pengalihan diakui dalam akun “Selisih Nilai Transaksi Restrukturisasi Entitas Sepengendali” yang disajikan sebagai bagian dari ekuitas.

In applying the pooling-of-interst method, the components of the consolidated financial statements for the period during which the restructuring occurred and for other periods presented in such a manner as if the restructuring has already happened since the beginning of the earlier period presented. The difference between the carrying amount of the investment at the effective date and the transfer price is recognized under the account “Difference in Value Arising from Restructuring Transaction of Entities under Common Control” as part of equity.

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

Berdasarkan PSAK No. 7, “Pengungkapan Pihak-pihak Berelasi”, pihak berelasi dianggap terkait jika salah satu pihak memiliki kemampuan untuk mengendalikan (dengan cara kepemilikan langsung maupun tidak langsung) atau mempunyai pengaruh signifikan (dengan cara partisipasi dalam kebijakan keuangan dan operasional) selama pihak lain dalam membuat keputusan keuangan dan operasional.

Based on PSAK No. 7, “Related Parties Disclosures”, related parties deemed related if one party has the ability to control (by way of ownership, directly or indirectly) or exercise significant influence (by way of participation in the financial and operating policies) over the other party in making financial and operating decisions.

Seluruh transaksi yang signifikan dengan pihak berelasi diungkapkan dalam Catatan 27 atas laporan keuangan konsolidasian.

All significant transactions with related parties were disclosed in Note 27 to the consolidated financial statements.







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g. Instrumen Keuangan g. Financial Instruments

Aset Keuangan Financial Assets

Aset keuangan diakui apabila Grup memiliki hak kontraktual untuk menerima kas atau aset keuangan lainnya dari entitas lain. Seluruh pembelian atau penjualan aset keuangan secara reguler diakui dengan menggunakan akuntansi tanggal perdagangan yaitu tanggal di mana Grup berketetapan untuk membeli atau menjual suatu aset keuangan.

Financial assets are recognized when the Group has a contractual right to receive cash or other financial assets from other entities. All purchases or sales of financial assets in regular way are recognized using trade date accounting. Trade date is the date when the Group has a commitment to purchase or sell a financial assets.

Pengakuan Awal Initial Measurement

Pada saat pengakuan awal, aset keuangan diukur pada nilai wajar ditambah biaya transaksi yang dapat diatribusikan secara langsung, kecuali untuk aset keuangan yang diukur pada nilai wajar melalui laba rugi (FVTPL). Aset keuangan yang diukur pada FVTPL pada saat pengakuan awal juga diukur sebesar nilai wajar namun biaya transaksi dibebankan ke laba rugi.

Initially, financial assets are recognized at fair value plus transaction costs that are directly attributable to the acquisition of the financial assets, except for financial assets measured at fair value through profit or loss (FVTPL). Financial assets at FVTPL are initially measured at fair value and transaction costs are expensed in profit or loss.

Setelah Pengakuan Awal Subsequent Measurement

Pengukuran aset keuangan setelah pengukuran awal tergantung pada pengelompokan dari aset yang bersangkutan di mana aset keuangan dapat dikelompokkan ke dalam 4 (empat) kategori berikut:

Subsequent measurement of financial assets after its initial measurement depends on the classification of the financial assets which might be classified into these following 4 (four) categories:

(i) Aset keuangan yang diukur pada nilai wajar melalui laba rugi (FVTPL) Aset keuangan yang diukur pada nilai wajar melalui laba rugi (FVTPL) di mana aset tersebut diklasifikasikan sebagai kelompok diperdagangkan atau pada saat pengakuan awal ditetapkan oleh manajemen (apabila memenuhi kriteria-kriteria tertentu) untuk diukur pada kelompok ini. Aset keuangan dalam kelompok ini diukur pada nilai wajarnya dan seluruh keuntungan atau kerugian yang timbul dari perubahan nilai wajar tersebut, termasuk bunga dan dividen, diakui pada laba rugi.

Grup tidak memiliki akun aset keuangan yang diklasifikasikan pada kelompok ini.

(i) Financial assets at fair value through profit or loss (FVTPL) Financial assets at fair value through profit or loss (FVTPL) are assets classified as held for trading or upon their initial recognition are designated by management (if met certain criteria) to be measured at this category. Financial assets in this category are subsequently measured at fair value and any gain or loss arising from change in the fair value (including interest and dividend) recognized in profit or loss.

The Group has no financial assets which are classified in this category.

(ii) Pinjaman yang diberikan dan piutang di mana merupakan aset keuangan non-derivatif dengan pembayaran tetap atau telah ditentukan dan tidak memiliki kuotasi di pasar aktif. Kelompok aset keuangan ini diukur pada biaya perolehan diamortisasi dengan menggunakan metode suku bunga efektif dikurangi penurunan nilai

Aset keuangan Grup yang meliputi akun kas dan bank, piutang usaha, piutang lain-lain dan aset lain-lain dikategorikan dalam kelompok ini.

(ii) Loans and receivables are non derivative financial assets with fixed or determinable payments that are not quoted in an active market. This asset category is subsequently measured at amortized cost using the effective interest method less any impairment.

Financial assets of the Group which consist of cash on hand and in banks, trade receivables, other receivables and other assets are grouped in this category.







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g. Instrumen Keuangan (lanjutan) g. Financial Instruments (continued)

Aset Keuangan (lanjutan) Financial Assets (continued)

Setelah Pengakuan Awal Subsequent Measurement

(iii) Aset keuangan yang dimiliki hingga jatuh tempo yaitu aset keuangan non-derivatif dengan pembayaran tetap atau telah ditentukan dan jatuh temponya telah ditetapkan serta Grup mempunyai intensi positif dan kemampuan untuk memiliki aset keuangan tersebut hingga jatuh tempo.

Kelompok aset ini diukur pada biaya perolehan diamortisasi dengan menggunakan metode suku bunga efektif dikurangi penurunan nilai.

Grup tidak memiliki aset keuangan yang diklasifikasikan dalam kelompok ini.

(iii) Held-to-maturity financial assets are non-derivative financial assets with fixed or determinable payments and fixed maturities that the Group has the positive intention and ability to hold the assets to maturity.

This asset category is subsequently measured at amortized cost, using the effective interest method less any impairment.


(iv) Aset keuangan yang tersedia untuk dijual adalah aset keuangan non-derivatif yang tidak dikelompokkan ke dalam tiga kategori di atas. Perubahan nilai wajar aset keuangan ini diakui sebagai penghasilan komprehensif lain kecuali kerugian penurunan nilai, kerugian (keuntungan), nilai tukar dan bunga yang dihitung menggunakan metode suku bunga efektif, sampai aset keuangan tersebut dihentikan pengakuannya. Pada saat penghentian pengakuan, keuntungan atau kerugian kumulatif yang sebelumnya diakui dalam penghasilan komprehensif lain harus disajikan sebagai penyesuaian reklasifikasi dan diakui pada laba rugi.

Grup tidak memiliki aset keuangan yang diklasifikasikan dalam kelompok ini.

(iv) Available-for-sale financial assets are non-derivative financial assets that are designated as available for sale or financial assets that are not classified into one of three categories above. Changes in fair value of financial assets are recognize in other comprehensive income except for impairment losses, gain (loss) on foreign exchange and interest calculated using the effective interest method until the financial asset is derecognize. At derecognition, the cumulative gain or loss previously recognized in other comprehensive income is reclassified from equity to profit or loss as a reclassification adjustment.


Penghentian Pengakuan Derecognition

Aset keuangan dihentikan pengakuannya ketika (a) hak kontraktual untuk menerima arus kas dari aset keuangan tersebut berakhir; (b) Grup tetap memiliki hak untuk menerima arus kas dari aset keuangan tersebut, namun telah menanggung kewajiban untuk membayar arus kas yang diterima tanpa penundaan yang signifikan kepada pihak ketiga di bawah kesepakatan “pass-through”, dan (c) Grup telah mentransfer secara substansial seluruh risiko dan manfaat atas aset keuangan, atau Grup tidak mentransfer maupun tidak memiliki secara substansial seluruh risiko dan manfaat aset, namun telah mentransfer pengendalian atas aset tersebut.

Financial assets are derecognized when and only when (a) the contractual rights to receive cash flows from the financial assets have expired; (b) the Group retains the right to receive cash flows from the asset, but has assumed an obligation to pay the received cash flow in full without material delay to a third party under a ‘pass-through’ arrangement; and; (c) the Group has transferred substantially all the risks and rewards of the asset or the Group has neither transferred nor retained substantially all the risks and rewards of the asset, but has transferred control of the asset.







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g. Instrumen Keuangan (lanjutan) g. Financial Instruments (continued) Aset Keuangan (lanjutan) Financial Assets (continued) Penghentian Pengakuan (lanjutan) Derecognition (continued)

Di mana Grup telah mentransfer hak untuk menerima arus kas dari aset atau telah menandatangani perjanjian pass-through, dan tidak mentransfer maupun tidak memiliki secara substansial seluruh risiko dan manfaat atas aset keuangan atau pengendalian ditransfer dari aset, aset tersebut diakui apabila besar kemungkinannya Grup melanjutkan aset keuangan tersebut. Keterlibatan berkelanjutan yang berbentuk pemberian jaminan atas aset yang ditransfer diukur sebesar jumlah terendah dari jumlah tercatat asli aset dan jumlah maksimum pembayaran Grup.

Where the Group have transferred their rights to receive cash flows from an asset or has entered into a pass-through arrangement, and has neither transferred nor retained substantially all the risks and rewards of the asset nor the transferred control of the asset, the asset is recognized to the extent of the Group’s continuing involvement in the asset. Continuing involvement that takes the form of a guarantee over the transferred asset is measured at the lower of the original carrying amount of the asset and the maximum amount of consideration that the Group could be required to repay.

Liabilitas Keuangan Financial Liabilities

Pengakuan dan Pengukuran Recognition and Measurement

Grup mengakui liabilitas keuangan pada saat timbulnya liabilitas kontraktual untuk menyerahkan kas atau aset keuangan lainnya kepada entitas lain.

Financial liabilities are recognized when the Group has a contractual obligation to transfer cash or other financial assets to other entities.

Pada saat pengakuan awal, dalam hal liabilitas keuangan tidak diukur pada nilai wajar melalui laba rugi (FVTPL), liabilitas keuangan diukur pada nilai wajar ditambah biaya transaksi yang dapat diatribusikan secara langsung.

Financial liabilities, which are not measured at fair value through profit or loss (FVTPL), are initially recognized at fair value plus transaction costs that are directly attributable to the liabilities.

Setelah pengakuan awal, Grup mengukur seluruh akun liabilitas keuangan, pada biaya perolehan diamortisasi dengan menggunakan metode suku bunga efektif. Liabilitas keuangan Perusahaan meliputi utang usaha, utang lain-lain, beban masih harus dibayar, utang bank dan utang pembiayaan konsumen. Grup tidak memiliki liabilitas keuangan yang diukur pada FVTPL.

Subsequently, the Group measures all of its financial liabilities, at amortized cost using effective interest method. The Company financial liabilities include trade payables, other payables, accrued expenses, bank loan and consumer financing payables. The Group has no financial liabilities measured at FVTPL.

Penghentian Pengakuan Derecognition

Grup menghentikan pengakuan liabilitas keuangan, jika dan hanya jika, liabilitas kontraktual telah dilepaskan atau dibatalkan atau kadaluarsa.

The Group derecognized financial liabilities, when and only when, the obligation specified in the contract is discharged or cancelled or expired.

Ketika suatu liabilitas keuangan ditukar dengan liabilitas keuangan lain dari pemberi pinjaman yang sama atas persyaratan yang secara substansial berbeda, atau bila persyaratan dari liabilitas keuangan tersebut secara substansial dimodifikasi, pertukaran atau modifikasi persyaratan tersebut dicatat sebagai penghentian pengakuan liabilitas keuangan awal dan pengakuan liabilitas keuangan baru dan selisih antara nilai tercatat masing-masing liabilitas keuangan tersebut diakui dalam laba rugi.

Where an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such an exchange or modification is treated as derecognition of the original liability and the recognition of a new liability, and the difference in the respective carrying amounts is recognized in profit or loss.







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g. Instrumen Keuangan (lanjutan) g. Financial Instruments (continued) Saling Hapus antar Instrumen Keuangan Offsetting Financial Instruments

Aset dan liabilitas keuangan dapat saling hapus dan nilai bersihnya disajikan dalam laporan posisi keuangan konsolidasian, jika dan hanya jika, 1) Grup saat ini memiliki hak yang dapat dipaksakan secara hukum dengan entitas lain untuk melakukan saling hapus atas jumlah yang telah diakui tersebut dan 2) berniat untuk menyelesaikan secara neto atau untuk merealisasikan aset dan menyelesaikan liabilitasnya secara simultan.

Financial assets and liabilities can be offset and the net amount is presented in the consolidated statements of financial position if, and only if, 1) the Group currently has rights that can be enforced by law with other entities to offset the recognized amounts and 2) intend to settle on a net basis or to realize the asset and settle the liability simultaneously.

h. Penentuan Nilai Wajar h. Determination of Fair Value

Mulai 1 Januari 2015, nilai wajar didefinisikan sebagai harga yang akan diterima untuk menjual aset atau dibayar untuk mengalihkan kewajiban dalam transaksi yang teratur antara pelaku pasar pada tanggal pengukuran di pasar utama atau, dalam ketiadaan, paling tidak pasar menguntungkan dimana Grup memiliki akses pada tanggal tersebut. Nilai wajar kewajiban mencerminkan risiko non-kinerja.

Commencing January 1, 2015, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date in the principal market or, in its absence, the most advantageous market to which the Group has accessed at that date. The fair value of a liability reflects its non-performance risk.

Jika tersedia, Grup mengukur nilai wajar instrumen keuangan dengan menggunakan harga yang dikutip di pasar aktif untuk instrumen tersebut. Jika tidak ada harga dikutip di pasar aktif, maka Grup menggunakan teknik penilaian yang memaksimalkan penggunaan input yang dapat diamati dan meminimalkan penggunaan input yang tidak dapat diamati.

When available, the Group measures the fair value of a financial instrument using the quoted price in an active market for that instrument. If there is no quoted price in an active market, then the Group uses valuation techniques that maximize the use of relevant observable inputs and minimize the use of unobservable inputs.

Sebelum tanggal 1 Januari 2015, nilai wajar instrumen keuangan diperdagangkan secara aktif pasar ditentukan berdasarkan harga pasar yang berlaku dengan menggunakan harga penawaran saat ini untuk aset dan menawarkan harga untuk kewajiban pada saat penutupan usaha ditanggal laporan posisi keuangan konsolidasian, tanpa pengurangan biaya transaksi.

Prior to January 1, 2015, fair value for financial instruments traded in active markets is determined based on quoted market prices using the current bid prices for assets and offers prices for liabilities at the close of business on the consolidated statements of financial position date, without any deduction for transaction costs.

Jika pasar instrumen keuangan tidak aktif, Grup

menetapkan nilai wajar dengan menggunakan teknik penilaian yang meliputi penggunaan transaksi pasar antara pihak yang berkepentingan dengan pihak luar, mengacu pada nilai wajar instrumen lain yang secara substansial serupa, analisis arus kas terdiskonto dan model penentuan harga opsi.

If the market for a financial instrument is not active, the Group establishes fair value by using valuation techniques which include using recent arm’s length market transactions between knowledgeable willing parties, reference to the current fair value of another instrument that is substantially similar, discounted cash flow analysis and option pricing models.







27



i. Penurunan Nilai Aset Keuangan (lanjutan) i. Impairment of Financial Assets (continued) Seluruh aset keuangan atau kelompok aset

keuangan, kecuali yang diukur pada nilai wajar melalui laba rugi (FVTPL), dievaluasi terhadap kemungkinan penurunan nilai.

All financial assets, except those measured at fair value through profit or loss (FVTPL), are evaluated for possible impairment.

Penurunan nilai dan kerugian penurunan nilai

diakui jika dan hanya jika, terdapat bukti yang objektif mengenai penurunan nilai sebagai akibat dari satu atau lebih peristiwa merugikan, yang terjadi setelah pengakuan awal aset keuangan atau kelompok aset keuangan, yang berdampak pada estimasi arus kas masa depan atas aset keuangan atau kelompok aset keuangan di mana dapat diestimasi secara andal.

Decline in value and an impairment loss is recognized if, and only if, there is objective evidence of impairment as a result of one or more adverse events, which occurred after the initial recognition of the financial asset or group of financial assets, which have an impact on the estimated future cash flows on financial asset or group of financial assets in which can be estimated reliably.

Bukti objektif penurunan nilai dapat meliputi

indikator-indikator pihak peminjam atau kelompok pihak peminjam mengalami kesulitan keuangan signifikan, wanprestasi atau tunggakan pembayaran bunga atau pokok, terdapat kemungkinan bahwa pihak peminjam akan dinyatakan pailit atau melakukan reorganisasi keuangan lainnya dan pada saat data yang dapat diobservasi mengindikasikan adanya penurunan yang dapat diukur atas estimasi arus kas masa datang, seperti meningkatnya tunggakan atau kondisi ekonomi yang berkorelasi dengan wanprestasi.

Objective evidence of impairment may include indicators which debtor or a group of debtors is experiencing significant financial difficulty, default or delinquency in interest or principal payments, the probability that they will enter bankruptcy or other financial reorganization, and when observable data indicate that there is a cash flows, such as changes in arrears or economic conditions that correlate with defaults.

Untuk aset keuangan yang dicatat pada biaya

perolehan yang diamortisasi For financial assets carried at amortized cost

Kerugian penurunan nilai diukur sebagai selisih

antara nilai tercatat aset dengan nilai kini estimasi arus kas masa depan yang didiskonto menggunakan suku bunga efektif awal dari aset tersebut.

Impairment loss is measured as the difference between the asset’s carrying amount and the present value of estimated future cash flows discounted at original effective interest rate of the financial asset.

Nilai tercatat aset keuangan tersebut, disajikan setelah dikurangi baik secara langsung maupun menggunakan pos penyisihan. Kerugian yang terjadi diakui pada laba rugi.

The carrying amount of the asset shall be reduced either directly or through use of an allowance account. The amount of the loss is recognized in profit or loss.

Manajemen pertama kali akan menentukan bukti objektif penurunan nilai individual atas aset keuangan yang signifikan secara individual. Jika Grup menentukan bahwa tidak terdapat bukti objektif mengenai penurunan nilai aset keuangan individual, maka aset tersebut dimasukkan ke dalam kelompok aset keuangan dengan risiko kredit yang serupa dan menentukan penurunan nilai secara kolektif.

Management initially assesses whether objective evidence of impairment exists individually for financial assets that are individually significant. If the Group determines that no objective evidence of impairment exists for an individually assessed financial asset, it includes the financial asset in group of financial assets with similar credit risk characteristics and collectively assesses them for impairment.







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i. Penurunan Nilai Aset Keuangan (lanjutan) i. Impairment of Financial Assets (continued)

Untuk aset keuangan yang dicatat pada biaya perolehan

For financial assets carried at cost

Investasi dalam instrumen ekuitas yang tidak memiliki kuotasi harga di pasar aktif dan nilai wajarnya tidak dapat diukur secara andal serta aset keuangan berjangka pendek lainnya dicatat pada biaya perolehan.

Investments in equity instruments that have no quoted market price in an active market and whose fair value cannot be reliably measured and other short-term financial assets are carried at cost.

Kerugian penurunan nilai atas aset keuangan diukur berdasarkan selisih antara nilai tercatat aset keuangan dengan nilai kini dari estimasi arus kas masa depan yang didiskontokan dengan tingkat pengembalian yang berlaku di pasar untuk aset keuangan serupa. Kerugian penurunan tersebut tidak dapat dipulihkan.

The impairment loss is measured as the difference between the carrying amount of the financial asset and the present value of estimated future cash flows discounted at the current market rate of return for a similar financial asset. Such impairment losses shall not be reversed.

j. Biaya Dibayar di Muka j. Prepaid Expenses

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

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

k. Persediaan k. Inventories Persediaan dinyatakan sebesar nilai yang lebih

rendah antara biaya perolehan atau nilai realisasi bersih. Biaya perolehan ditentukan dengan metode rata-rata tertimbang.

Inventories are valued at the lower of cost or net realizable value (NRV), whereby cost is determined by the weighted average method.

l. Aset Tetap l. Fixed Assets

Aset tetap pada awalnya dicatat sebesar biaya perolehan. Biaya perolehan aset terdiri dari harga pembelian dan biaya lainnya yang dapat diatribusikan secara langsung untuk membawa aset ke lokasi dan kondisi yang diinginkan supaya aset siap digunakan sesuai. Setelah pengakuan awal, aset tetap, diukur sebesar biaya perolehan dikurangi akumulasi penyusutan dan akumulasi kerugian penurunan nilai.

Fixed assets are initially recorded at cost. The cost of an asset comprises its purchase price and any directly attributable cost of bringing the asset to its working condition and location for its intended use. Subsequent to initial recognition, fixed assets, are measured at cost less accumulated depreciation and any accumulated impairment losses.

Biaya setelah perolehan awal termasuk dalam jumlah tercatat aset atau diakui sebagai aset yang terpisah, sebagaimana mestinya, apabila kemungkinan manfaat ekonomis di masa depan berkenaan dengan aset tersebut akan mengalir ke Grup dan biaya tersebut dapat diukur secara andal. Jumlah tercatat komponen yang diganti tidak diakui selama tahun berjalan pada saat terjadinya. Biaya perbaikan dan pemeliharaan dibebankan ke dalam laba rugi.

Subsequent cost are included in the asset’s carrying amount or recognized as a separate asset, as appropriate, when it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be reliably measured. The carrying amount of the replaced part is derecognized during the financial year in which they are incurred. All other repairs and maintenance are charged to profit or loss.

Penyusutan dihitung dengan menggunakan metode garis lurus untuk menyusutkan nilai aset tetap. Estimasi masa manfaat aset tetap adalah sebagai berikut:

Depreciation is compute using the straight-line method to write down the depreciable amount of fixed assets. Estimated useful lives of the related fixed assets is as follows:







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l. Aset Tetap (lanjutan) l. Fixed Assets (continued)

Masa manfaat / Useful lives

Bangunan 20 tahun / years Building Kendaraan 8 tahun / years Vehicles Peralatan kantor 4 tahun / years Office equipment Peralatan proyek 4 tahun / years Project equipment

Masa manfaat ekonomis, nilai residu dan metode penyusutan ditelaah setiap akhir tahun dan pengaruh dari setiap perubahan estimasi akuntansi tersebut berlaku prospektif.

The estimated useful lives, residual value and depreciation method are reviewed at each year end, with the effect of any changes in accounting estimates accounted for on a prospective basis.

Aset tetap dihentikan pengakuannya pada saat pelepasan atau tidak ada manfaat ekonomis di masa datang yang diharapkan dari penggunaan atau pelepasannya. Laba atau rugi yang muncul dari penghentian pengakuan aset tetap (diperhitungkan sebagai selisih antara nilai tercatat aset dan hasil penjualan bersih) dimasukkan pada laba rugi periode berjalan.

Fixed assets are derecognized upon disposal or when no future economic benefits are expected from its use or disposal. Any gain or loss arising on derecognition of the assets (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in the current period in profit or loss.

m. Penurunan Nilai Aset Non-Keuangan m. Impairment of Non-Financial Asset

Aset yang dikenakan amortisasi dinilai untuk penurunan nilai apabila peristiwa atau perubahan keadaan terjadi yang mengindikasikan bahwa nilai tercatat tidak dapat diperoleh kembali. Penurunan nilai diakui untuk jumlah di mana jumlah tercatat aset melebihi jumlah terpulihkan. Jumlah terpulihkan adalah jumlah yang lebih tinggi antara nilai wajar aset dikurangi biaya untuk menjual dan nilai pakai. Untuk tujuan menguji penurunan nilai, aset dikelompokkan hingga unit terkecil yang menghasilkan arus kas terpisah diidentifikasi (unit penghasil kas). Yang mengalami penurunan yang ditelaah untuk kemungkinan pembalikan dari penurunan nilai tersebut pada setiap tanggal pelaporan.

Assets that are subject to amortization are assessed for impairment when events or changes in circumstances occur which indicate that the carrying amount may not be recoverable. Decline in value is recognized for the amount by which the asset’s carrying amount exceeds the recoverable amount. Recoverable amount is the higher amount between the asset’s fair value less cost to sell or value in use. For the purpose of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (cash-generating units). Non-financial assets that suffered an impairment are reviewed for possible reversal of the impairment at each reporting date.

n. Liabilitas Diestimasi atas Imbalan Kerja Karyawan

n. Estimated Liabilities for Employees’ Benefits

Grup menyediakan liabilitas diestimasi atas imbalan kerja karyawan kepada karyawannya sesuai dengan Undang-undang Ketenagakerjaan Indonesia No. 13 / 2003. Tidak ada pendanaan yang telah dibuat untuk program imbalan pasti ini.

The Group provides estimated liabilities for employees’ benefits in accordance with Indonesian Labour Law No. 13 / 2003. No funding has been made for the defined benefit plan.

Liabilitas neto Grup atas program imbalan pasti dihitung dari nilai kini liabilitas diestimasi atas imbalan kerja karyawan pada akhir periode pelaporan dikurangi nilai wajar asset program, jika ada. Perhitungan liabilitas diestimasi atas imbalan kerja karyawan dilakukan dengan menggunakan metode Projected Unit Credit dalam perhitungan aktuaria yang dilakukan setiap akhir periode pelaporan.

The Group’s liabilities for employees’ benefits are calculated as present value of estimated liabilities for employees’ benefits at the end of the reporting period less the fair value of plan assets, if any. The calculation of estimated liabilities for employees’s benefits is determined using the Projected Unit Credit method with actuarial valuations conducted at the end of each reporting period.







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n. Liabilitas Diestimasi atas Imbalan Kerja

Karyawan (lanjutan) n. Estimated Liabilities for Employees’ Benefits

(lanjutan)

Pengukuran kembali liabilitas diestimasi atas imbalan kerja karyawan, meliputi a) keuntungan dan kerugian aktuarial, b) imbal hasil atas aset program, tidak termasuk bunga, dan c) setiap perubahan dampak batas atas aset, tidak termasuk bunga, diakui di penghasilan komprehensif lain pada saat terjadinya. Pengukuran kembali tidak direklasifikasi ke laba rugi pada periode berikutnya.

Remeasurement of estimated liabilities for employees’ benefits included a) actuarial gain and losses, b) return on plan assets, excluding interest, and c) the effect of asset ceiling, excluding interest, is recognized in other comprehensive income as incurred. Remeasurement is not reclassified to profit or loss in subsequent periods.

Ketika program imbalan berubah atau terdapat kurtailmen atas program, bagian imbalan yang berubah terkait biaya jasa lalu, atau keuntungan atau kerugian kurtailmen, diakui di laba rugi pada saat terdapat perubahan atau kurtailmen atas program.

When the benefits of a plan are changed, or when a plan is curtailed, the portion of the changed benefit related to past service of employees, or gain or loss on curtailment, is recognized immediately in profit or loss when the plan amendment or curtailment occurs.

Grup menentukan (penghasilan) beban bunga neto atas (aset) liabilitas imbalan pascakerja neto dengan menerapkan tingkat bunga diskonto pada awal periode pelaporan tahunan untuk mengukur liabilitas imbalan pascakerja selama periode berjalan.

The Group determines the net interest expense (income) on the net post-employment benefit obligation (asset) for the period by applying the discount rate used to measure the post-employment benefit obligation at the beginning of the annual period.

Grup mengakui keuntungan dan kerugian atas penyelesaian liabilitas diestimasi atas imbalan kerja karyawan pada saat penyelesaian terjadi. Keuntungan atau kerugian atas penyelesaian merupakan selisih antara nilai kini liabilitas diestimasi atas imbalan kerja karyawan yang ditetapkan pada tanggal penyelesaian dengan harga penyelesaian, termasuk setiap aset program yang dialihkan dan setiap pembayaran yang dilakukan secara langsung oleh Grup sehubungan dengan penyelesaian tersebut.

The Group recognizes gains and losses on the settlement of estimated liabilities for employees’ benefits at the time of settlement. Gains or losses on the settlement represent the difference between the present value of post-employment benefit liabilities being settled as determined on the date of settlement and the settlement price, including any plan assets transferred and any payments made directly by the Group in connection with the settlement.

Grup mengakui (1) biaya jasa, yang terdiri dari

biaya jasa kini, biaya jasa lalu, dan setiap keuntungan atau kerugian atas penyelesaian, dan (2) penghasilan atau beban bunga neto di laba rugi pada saat terjadinya.

The Group recognizes the (1) service costs, comprising of current service cost, past-service cost, and any gain or loss on settlement, and (2) net interest expense or income immediately in profit or loss.

o. Pengakuan Pendapatan dan Beban o. Revenue and Expense Recognition Pendapatan diakui bila besar kemungkinan

manfaat ekonomi akan diperoleh oleh Grup dan jumlahnya dapat diukur secara andal.

Revenue is recognized to the extent that it is probable that the economic benefits will flow to the Group and the revenue can be realiably measured.

Beban diakui pada saat terjadinya (akrual basis). Expenses are recognized when incurred (accrual

basis).

Beban diakui pada saat terjadinya (akrual basis). Expenses are recognized when incurred (accrual basis).







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p. Pajak Penghasilan p. Income Tax Beban pajak penghasilan terdiri dari jumlah beban

pajak kini dan pajak tangguhan. Pajak diakui sebagai pendapatan atau beban dan termasuk dalam laba rugi untuk periode berjalan, kecuali pajak yang timbul dari transaksi atau kejadian yang diakui di luar laba rugi. Pajak terkait dengan pos yang diakui dalam penghasilan komprehensif lain, diakui dalam penghasilan komprehensif lain dan pajak terkait dengan pos yang diakui langsung di ekuitas, diakui langsung di ekuitas.

Income tax expense represents the sum of the current tax and deferred tax. Tax is recognized as income or an expense and included in profit or loss for the period, except to the extent that the tax arises from a transaction or event which is recognized outside profit or loss. Tax that relates to items recognized in other comprehensive income is recognized in other comprehensive income and tax that relates to items recognized directly in equity is recognized in equity.

Pajak Kini Current Tax

Pajak terutang kini didasarkan pada laba kena pajak tahun berjalan. Liabilitas pajak kini dihitung dengan menggunakan tarif pajak yang berlaku atau secara substansial berlaku pada akhir periode pelaporan keuangan.

The current tax payable is based on taxable profit for the year. The liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Grup secara berkala mengevaluasi jumlah yang dilaporkan di dalam Surat Pemberitahuan Tahunan (SPT) terkait dengan keadaan di mana peraturan pajak yang berlaku memerlukan interpretasi. Jika diperlukan, manajemen menentukan provisi berdasarkan jumlah yang diharapkan akan dibayar kepada otoritas pajak.

The Group periodically evaluates the amount reported in the Annual Tax Return (SPT) in relation to the circumstances in which the applicable tax regulations are subject to interpretation and, if necessary, the management will calculate the amount of fees that may arise.

Pajak Tangguhan Deferred Tax

Pajak tangguhan diakui dengan menggunakan metode liabilitas atas perbedaan temporer antara dasar pajak aset dan liabilitas dengan nilai tercatatnya pada tanggal laporan posisi keuangan konsolidasian.

Deferred tax is recognized using the liability method on temporary differences arising between the tax bases of assets and liabilities with their carrying amount at the date of consolidated statements of financial position.

Liabilitas pajak tangguhan diakui untuk semua perbedaan temporer kena pajak. Aset pajak tangguhan diakui untuk semua perbedaan temporer yang boleh dikurangkan dan akumulasi rugi fiskal dan kredit pajak yang tidak terpakai sejauh realisasi atas manfaat pajak tersebut dimungkinkan. Jumlah tercatat aset pajak tangguhan ditelaah pada setiap akhir periode pelaporan dan diturunkan apabila itu tidak lagi kemungkinan jumlah laba fiskal memadai akan tersedia untuk mengkompensasi sebagian atau semua aset pajak tangguhan.

Deferred tax liabilities are recognized for all taxable temporary differences. Deferred tax assets are recognized for all deductible temporary differences and for the carry forward of unused tax losses and unused tax credits to the extent the realization of such tax benefit is probable. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the deferred tax assets to be utilized.

Penghentian pengakuan aset pajak tangguhan

dinilai ulang pada akhir periode pelaporan dan diakui sejauh yang telah menjadi probable bahwa laba fiskal pada masa mendatang akan memungkinkan aset pajak tangguhan untuk dipulihkan.

Unrecognized deferred tax assets are reassessed at the end of reporting period and are recognized to the extent that it has become probable that future taxable profits will allow the deferred tax assets to be recovered.







32



p. Pajak Penghasilan (lanjutan) p. Income Tax (contined) Pajak Tangguhan (lanjutan) Deferred Tax (continued) Aset dan liabilitas pajak tangguhan diukur dengan

menggunakan tarif pajak yang diekspektasikan akan berlaku ketika aset dipulihkan atau liabilitas diselesaikan berdasarkan tarif pajak (dan peraturan perpajakan) yang berlaku atau secara substansial telah diberlakukan pada tanggal laporan posisi keuangan konsolidasian.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply to the year when the asset is realized or the liability is settled based on tax rates (and tax laws) that have been enacted or substantively enacted at the consolidated statements of financial position date.

Pajak tangguhan dibebankan atau dikreditkan

dalam laba rugi, kecuali bila berhubungan dengan transaksi dibebankan atau dikreditkan langsung ke ekuitas, dalam hal pajak tangguhan tersebut juga dibebankan atau dikreditkan langsung ke ekuitas.

Deferred tax is charged to or credited in profit or loss, except when it relates to items charged to or credited directly in equity, in which case the deferred tax is also charged to or credited directly in equity.

Aset dan liabilitas pajak tangguhan dapat saling

hapus, jika dan hanya jika, 1) terdapat hak yang dapat dipaksakan secara hukum untuk melakukan saling hapus antara aset dan liabilitas pajak kini dan 2) aset serta liabilitas pajak tangguhan tersebut terkait dengan pajak penghasilan yang dikenakan oleh otoritas perpajakan yang sama.

Deferred tax assets and liabilities can be offset if, and only if, 1) there is a legally enforable right to offset the current tax assets and liabilities and 2) the deferred tax assets and liabilities relate to the same taxable entity and the same taxation authority.

q. Informasi Segmen q. Segment Information Segmen adalah bagian khusus dari Grup yang

terlibat baik dalam menyediakan produk dan jas (segmen usaha), maupun dalam menyediakan produk dan jasa dalam lingkungan ekonomi tertentu (segmen geografis), yang memiliki risiko dan imbalan yang berbeda dari segmen lainnya.

A segment is a distinguishable component of the Group that engaged either in providing certain products (business segment), or in providing products within a particular economic environment (geographical segment), which is subject to risks and rewards that are different from those of other segments.

Pendapatan, beban, hasil, aset dan liabilitas

segmen termasuk akun-akun yang dapat diatribusikan langsung kepada suatu segmen serta hal-hal yang dapat dialokasikan dengan dasar yang sesuai kepada segmen tersebut. Segmen ditentukan sebelum saldo dan transaksi antar Grup, dieliminasi sebagai bagian dari proses konsolidasi.

Segment revenue, expenses, results, assets and liabilities include items directly attributable to a segment as well as those that can be allocated on areasonable basis to that segment. Segments are determined before intra-group balances and intragroup transactions are eliminated as part of consolidation process.

r. Laba (Rugi) Bersih per Saham Dasar r. Basic Net Income (Loss) per Share Laba (rugi) bersih per saham (LPS/ RPS) dasar

dihitung dengan membagi laba (rugi) bersih dengan rata-rata tertimbang jumlah saham yang beredar pada periode yang bersangkutan.

Basic net income (loss) per share (EPS/ LPS) is computed by dividing net income (loss) with the weighted average number of shares outstanding during the period.

Jika jumlah saham biasa atau efek berpotensi

saham biasa naik dengan adanya penerbitan saham bonus (kapitalisasi agio saham), dividen saham (kapitalisasi laba) atau pemecahan saham, atau turun karena penggabungan saham (reverse stock split), maka perhitungan RPS dasar untuk seluruh periode sajian harus disesuaikan secara retrospektif.

If the number of common shares or convertible securities increases due to the issuance of bonus share (capitalization of additional paid-in capital), stock dividend (income capitalization) or stock split, or decrease due to reverse stock split, then basic LPS calculation for the period shall be adjusted restrospectively.







33

3. PERTIMBANGAN, ESTIMASI DAN ASUMSI AKUNTANSI YANG PENTING

3. CRITICAL ACCOUNTING JUDGMENTS, ESTIMATES AND ASSUMPTIONS

Penyusunan laporan keuangan konsolidasian Grup

mengharuskan manajemen untuk membuat pertimbangan, estimasi dan asumsi yang mempengaruhi jumlah-jumlah pendapatan, beban, aset dan liabilitas yang dilaporkan serta pengungkapan atas liabilitas kontinjensi, pada tiap-tiap akhir periode pelaporan.

The preparation of the Group’s consolidated financial statements requires management to make judgments, estimates and assumptions that affect the reported amounts of revenue, expenses, assets and liabilities and the disclosure of contingent liabilities, at the reporting date.

Pertimbangan, estimasi dan asumsi yang digunakan

dalam mempersiapkan laporan keuangan tersebut ditelaah secara berkala berdasarkan pengalaman historis dan berbagai faktor, termasuk ekspektasi dari kejadian-kejadian di masa depan yang mungkin terjadi. Namun, hasil aktual dapat berbeda dengan jumlah yang diestimasi. Ketidakpastian atas asumsi serta estimasi tersebut dapat menimbulkan penyesuaian material terhadap jumlah tercatat aset dan liabilitas pada tahun berikutnya.

The judgments, estimates and assumptions used in preparing the financial statements have been regularly reviewed based on historical experience and various factors, including expectation for future event that might occur. However, uncertainty about these assumptions and estimates could result in outcomes that could require a material adjustment to the carrying amount of the asset or liability affected in future periods.

a. Pertimbangan dan Sumber Utama

Ketidakpastian a. Judgment and Key Sources of Uncertainty

Klasifikasi Aset dan Liabilitas Keuangan Classification of Financial Assets and Financial

Liabilities Grup menetapkan klasifikasi atas aset dan liabilitas

tertentu sebagai aset dan liabilitas keuangan dengan mempertimbangkan apakah definisi yang ditetapkan dalam PSAK No. 55 telah terpenuhi. Aset dan liabilitas keuangan diakui dan dikelompokkan sesuai dengan kebijakan akuntansi Grup seperti diungkapkan pada Catatan 2g atas laporan keuangan konsolidasian.

The Group determines the classifications of certain assets and liabilities as financial assets and financial liabilities by judging if they meet the definition set forth in PSAK No. 55. The financial assets and financial liabilities are accounted for in accordance with the Group’s accounting policies disclosed in Note 2g to the consolidated financial statements.

b. Estimasi dan Asumsi b. Estimates and Assumptions Asumsi utama masa depan dan sumber utama

estimasi ketidakpastian lain pada tanggal pelaporan yang memiliki risiko signifikan bagi penyesuaian yang material terhadap nilai tercatat aset dan liabilitas untuk tahun / periode berikutnya diungkapkan di bawah ini. Grup mendasarkan asumsi dan estimasi pada parameter yang tersedia pada saat laporan keuangan disusun. Asumsi dan situasi mengenai perkembangan masa depan mungkin berubah akibat perubahan pasar atau situasi di luar kendali Grup. Perubahan tersebut dicerminkan dalam asumsi terkait pada saat terjadinya.

The main assumptions related to the future and the main sources of estimation uncertainty at the reporting date that have a significant risk of material adjustments to the carrying value of assets and liabilities within the next period end are disclosed below. The Group assumptions and estimates are based on reference available at the time the financial statements are prepared. Current condition and assumptions regarding future developments may change due to market changes or circumstances beyond the control of the Group. These changes are reflected in the related assumptions as incurred.







34

3. PERTIMBANGAN, ESTIMASI DAN ASUMSI AKUNTANSI YANG PENTING (lanjutan)

3. CRITICAL ACCOUNTING JUDGMENTS, ESTIMATES AND ASSUMPTIONS (continued)

b. Estimasi dan Asumsi (lanjutan) b. Estimates and Assumptions (continued) Penurunan Nilai Piutang Usaha Impairment of Trade Receivables Pada setiap tanggal Pelaporan, Grup

mengevaluasi apakah terdapat bukti objektif bahwa aset keuangan mengalami penurunan nilai. Untuk menentukan apakah terdapat bukti objektif penurunan nilai, Grup mempertimbangkan beberapa faktor seperti kemungkinan kebangkrutan atau kesulitan keuangan signifikan yang dialami oleh pelanggan dan wanprestasi atau penundaan pembayaran dalam jumlah yang signifikan.

The Group assess at the end of each reporting period whether there is any objective evidence that a financial asset is impaired. To determine whether there is objective evidence of impairment, the Group consider factors such as the probability of insolvency or significant financial difficulties of the customers and default or significant delay in payments.

Ketika terdapat bukti objektif penurunan nilai,

jumlah dan waktu dari arus kas masa depan diestimasikan secara kolektif berdasarkan pengalaman kerugian di masa yang lalu atas aset-aset yang memiliki karakter resiko kredit yang serupa (penurunan nilai secara kolektif). Jumlah tercatat piutang usaha pada tanggal 30 April 2018, 31 Desember 2017, 2016 dan 2015 masing-masing adalah sebesar Rp 55.421.686.480, Rp 52.696.047.374, Rp 48.696.829.536 dan Rp 71.189.393.652, sedangkan saldo penyisihan penurunan nilai piutang usaha pada tanggal 30 April 2018, 31 Desember 2017, 2016 dan 2015 masing-masing sebesar Rp 259.151.131 (lihat Catatan 7).

Where there is objective evidence of impairment, the amount and timing of future cash flows are estimated collectively based on historical loss experience for assets with similar credit risk characteristics (collective impairment). The carrying amount of trade receivables as of December 31, 2017 and 2016 amounted to Rp 55,421,686,480, Rp 52,696,047,374, Rp 48,696,829,536 and Rp 71,189,393,652, respectively, while the outstanding allowance for impairment as of April 30, 2018, December 31, 2017, 2016 and 2015 amounted to Rp 259,151,131, respectively (see Note 7).

Penyusutan Aset Tetap Depreciation of Fixed Assets Biaya perolehan aset tetap disusutkan dengan

menggunakan metode garis lurus berdasarkan taksiran masa manfaat ekonomisnya. Manajemen mengestimasi masa manfaat ekonomis aset tetap antara 4 sampai 20 tahun. Ini adalah umur yang secara umum diharapkan dalam industri di mana Grup menjalankan bisnisnya. Perubahan tingkat pemakaian dan perkembangan teknologi dapat mempengaruhi masa manfaat ekonomis dan nilai sisa aset dan karenanya biaya penyusutan masa depan mungkin direvisi. Jumlah tercatat aset tetap Grup diungkapkan pada Catatan 12 atas laporan keuangan konsolidasian.

The acquisition costs of fixed assets are depreciated using the straight-line method over the estimated economic useful lives. Management estimates the useful lives of fixed assets between 4 until 20 years. These are the common life expectancies applied in the industry. Changes in the expected level of usage and technological developments may affect the economic useful lives and residual values of these assets and therefore future depreciation charges could be revised. The carrying amount of the Group’s fixed assets is disclosed in Note 12 to the consolidated financial statements.

Liabilitas Diestimasi atas Imbalan Kerja Karyawan Estimated Liabilities for Employees’ Benefits Penentuan liabilitas diestimasi atas imbalan kerja

karyawan dan beban imbalan kerja Grup bergantung pada pemilihan asumsi yang digunakan oleh aktuaris independen dalam menghitung jumlah-jumlah tersebut. Asumsi tersebut termasuk antara lain, tingkat diskonto, tingkat kenaikan gaji tahunan, tingkat pengunduran diri karyawan tahunan, tingkat kecacatan, umur pensiun dan tingkat kematian.

The determination of the Group’s estimated liabilities for employees’ benefits and employee benefits expense is dependent on its selection of certain assumptions used by independent actuary in calculating such amounts. Those assumptions include among others, discount rates, future annual salary increase, annual employee turn-over rate, disability rate, retirement age and mortality rate.







35

3. PERTIMBANGAN, ESTIMASI DAN ASUMSI AKUNTANSI YANG PENTING (lanjutan)

3. CRITICAL ACCOUNTING JUDGMENTS, ESTIMATES AND ASSUMPTIONS (continued)

b. Estimasi dan Asumsi (lanjutan) b. Estimates and Assumptions (continued) Liabilitas Diestimasi atas Imbalan Kerja Karyawan

(lanjutan) Estimated Liabilities for Employees’ Benefits

(continued) Hasil aktual yang berbeda dengan jumlah yang

diestimasi diperlakukan sesuai dengan kebijakan sebagaimana diatur dalam Catatan 2n atas laporan keuangan konsolidasian. Sementara manajemen Grup berpendapat bahwa asumsi yang digunakan adalah wajar dan sesuai, perbedaan signifikan dari hasil aktual atau perubahan signifikan dalam asumsi yang ditetapkan secara material dapat mempengaruhi perkiraan jumlah liabilitas imbalan pasca kerja dan beban imbalan kerja karyawan. Jumlah tercatat liabilitas diestimasi atas imbalan karyawan Grup diungkapkan pada Catatan 19 atas laporan keuangan konsolidasian.

Actual results that differ from the Group’s assumptions are treated in accordance with the policies as mentioned in Note 2n to the consolidated financial statements. While the Group’s believes that its assumptions are reasonable and appropriate, significant differences in the Group’s actual experience or significant changes in the Group’s assumptions may materially affect its estimated liabilities for employee benefit and employee’ benefits expense. The carrying amount of the Group’s estimated liabilities for employees’ benefits is disclosed in Note 19 to the consolidated financial statements.

Pajak Penghasilan Income Tax Grup dan selaku wajib pajak menghitung liabilitas

perpajakannya secara self assessment berdasarkan pada peraturan yang berlaku. Perhitungan tersebut dianggap benar selama belum terdapat ketetapan dari Direktur Jenderal Pajak atas jumlah pajak yang terhutang atau ketika sampai dengan jangka waktu lima (5) tahun (masa daluwarsa pajak) tidak terdapat ketetapan pajak yang diterbitkan. Perbedaan jumlah pajak penghasilan yang terhutang dapat disebabkan oleh beberapa hal seperti pemeriksaan pajak, penemuan bukti-bukti pajak baru dan perbedaan interpretasi antara manajemen dan pejabat kantor pajak terhadap peraturan pajak tertentu.

The Group as a taxpayer calculates its tax obligation by self-assessment based on current tax regulations. The calculation is considered correct to the extent there is no tax assessment letter from the Directorate General of Taxation for the tax reported amount or within five (5) years (maximum elapse tax period) there is no tax assessment letter issued. The difference in the income tax liabilities might arise from tax audit, new tax evidences and different interpretation on certain tax regulations between management and the tax officer.

Perbedaan hasil aktual dan jumlah tercatat tersebut dapat mempengaruhi jumlah tagihan pajak, utang pajak, beban pajak dan aset pajak tangguhan.

Any differences between the actual result an the carrying amount could affect the amount of tax claim,tax obligation, tax expense anddeferre tax assets.

4. PENYERTAAN PADA ENTITAS SEPENGENDALI 4. INVESTMENT TO ENTITIES UNDER COMMON CONTROL

Pada bulan Maret 2018, Perusahaan melakukan penyertaan pada beberapa entitas sebagai berikut:

In March 2018, the Company has invested in the following entities:

No.

Nama Perusahaan/ Company’s name

Tanggal

penyertaan/ Investment

date

Nilai penyertaan/ Acquisition cost

Persentase

kepemilikan/ Percentage of

ownership

Nilai buku pada saat penyertaan/

Book value at acquisition date

Selisih nilai buku dengan nilai investasi/

Difference between acquisition cost and

book value

1. PT SOS Indonesia

29 Maret 2018 / March 29, 2018 12.996.000.000 99,97% 10.287.058.111 (2.708.941.889)

2. PT The Service Line 29 Maret 2018 / March 29, 2018 33.196.000.000 99,99% 34.577.263.656 1.381.263.656

3. PT Master Parking Indonesia 29 Maret 2018 / March 29, 2018 6.496.000.000 99,94% (2.910.231.788) (9.406.231.788)

4.. PT Safe Secured Solution 29 Maret 2018 / March 29, 2018 746.000.000 99,47% 1.233.443.700 487.443.700

Jumlah / Total 53.434.000.000 43.187.533.679 (10.246.466.321)







36

4. PENYERTAAN PADA ENTITAS SEPENGENDALI (lanjutan)

4. INVESTMENT TO ENTITIES UNDER COMMON CONTROL (continued)

Entitas tersebut di atas merupakan pihak yang berada di bawah pengendalian yang sama, sehingga sesuai dengan PSAK No. 38 “Kombinasi Bisnis Entitas Sepengendali”, laporan keuangan konsolidasian Perusahaan dan Entitas Anak untuk tahun yang berakhir pada tanggal-tanggal 31 Desember 2017, 2016 dan 2015 disajikan seolah-olah penggabungan tersebut terjadi sejak awal periode di tahun pertama entitas berada dalam pengendalian.

The above mentioned entities are parties under common control, based on PSAK No. 38 “Business Combination of Entities under Common Control”, the consolidated financial statements of the Company and Subsidiaries for the years ended December 31, 2017, 2016 and 2015 are presented as if the business combination already occured from the beginning of the period in the year the entities first came under common control.

Tahapan penyertaan yang dilakukan oleh Perusahaan terhadap masing-masing entitas sepengendali adalah sebagai berikut: 1. Masing-masing entitas sepengendali menerbitkan

saham baru yang seluruhnya diambil oleh Perusahaan.

2. Perusahaan melakukan akuisisi sebagian besar saham dengan membeli dari pemegang saham terdahulu atas masing-masing entitas sepengendali.

The stages of investments made by the Company to each entity under common control are as follows: 1. Each entity under common control issues new

shares which are entirely taken by the Company.

2. The Company acquired most of the shares by buying from the previous shareholders of each entity under common control.

Selisih antara nilai investasi dengan nilai buku Entitas dicatat di akun “Tambahan Modal Disetor” sebagai bagian dari ekuitas pada laporan posisi keuangan konsolidasian.

Akun pengaruh penyesuaian proforma yang dicatat pada laporan laba rugi dan penghasilan komprehensif lain konsolidasian digunakan untuk mengkoreksi nilai penyesuaian akibat dari penerapan PSAK No. 38 pada tahun berjalan. Pada saat diterapkan PSAK No. 38 ditahun 2015 dan 2016, akun ini akan mengkoreksi penerapan PSAK No. 38 sehingga nilai laba (rugi) bersih akan menjadi kembali ke nilai semula sebelum dilakukan investasi.

The difference between the acquisition cost and book value of net assets acquired is recorded under “Additional Paid In Capital” as part of equity in the consolidated statements of financial position.

The effect of proforma adjustment which recorded in consolidated statements of profit or loss and other comprehensive income is used to correct the adjustment amount as a result of the adoption of PSAK No. 38 in the current year. At adopted of PSAK No. 38 in 2015 and 2016, this account will correct the adoption of PSAK No. 38 so that the net profit (loss) will be returned to its original amount before investment occur.

PT Sentramaju Intimas merupakan entitas induk utama Perusahaan sebelum maupun setelah terjadi transaksi yang dimaksud oleh PSAK No. 38.

PT Sentramaju Intimas is the Company's ultimate holding entity before and after the transaction referred by PSAK No. 38.

5. PENYAJIAN KEMBALI DAN REKLASIFIKASI ATAS AKUN-AKUN TERTENTU PADA LAPORAN KEUANGAN TAHUN 2016 DAN 2015

5. RESTATEMENT AND RECLASSIFICATION OF CERTAIN ACCOUNTS OF FINANCIAL STATEMENTS IN 2016 AND 2015

Sebelum tahun 2017, laporan keuangan Perusahaan disusun sesuai dengan SAK-ETAP. Sejak tahun 2017, laporan keuangan Perusahaan telah disusun sesuai dengan Standar Akuntansi Keuangan di Indonesia. Perubahan dasar penyusunan laporan keuangan menimbulkan penyesuaian tertentu, sebagai berikut:

Prior to 2017, the Company’s financial statements have been prepared in accordance with SAK-ETAP. Commencing 2017, the Company’s financial statements have been prepared in accordance with Indonesian Financial Accounting Standards. The change in the basis of preparation of financial statements gave rise the following:

a. Perubahan dasar sehubungan dengan PSAK No. 65, “Laporan Keuangan Konsolidasi”.

Prinsip konsolidasi dijelaskan pada Catatan 2d atas laporan keuangan konsolidasian.

Perusahaan telah menerapkan PSAK No. 65 secara retrospektif pada periode berjalan.

a. Certain adjustments regarding with PSAK No. 65, “Consolidated Financial Statements”.

The principle of consolidation is explained in Note 2d to the consolidated financial statements.

The Company has applied PSAK No. 65 retrospectively in the current period.

b. Perubahan dasar sehubungan dengan PSAK No. 24 (Revisi 2013) “Imbalan Kerja”.

b. Certain adjustments regarding with to PSAK No. 24 (Revised 2013) “Employee Benefits”.







37

5. PENYAJIAN KEMBALI DAN REKLASIFIKASI ATAS AKUN-AKUN TERTENTU PADA LAPORAN KEUANGAN TAHUN 2016 DAN 2015 (lanjutan)

5. RESTATEMENT AND RECLASSIFICATION OF CERTAIN ACCOUNTS OF FINANCIAL STATEMENTS IN 2016 AND 2015 (continued)

PSAK No. 24 (Revisi 2013), “Imbalan Kerja” memiliki dampak signifikan terhadap laporan keuangan Perusahaan sehubungan dengan pengakuan, pengukuran, penyajian dan pengungkapan liabilitas diestimasi atas imbalan kerja karyawan. Perubahan kebijakan akuntansi Perusahaan mencakup hal-hal berikut: 1. Semua keuntungan dan kerugian aktuarial

langsung diakui melalui penghasilan komprehensif lain.

2. Biaya jasa lalu diakui segera dalam laba rugi. 3. Biaya bunga dan laba yang diharapkan dari aset

program diganti dengan jumlah bunga bersih yang dihitung dengan menerapkan tingkat diskonto terhadap liabilitas / aset imbalan pasti.

PSAK No. 24 (Revised 2013), “Employee Benefits” has significant impact on the Company’s financial statements in relation to the recognition, measurement, presentation and disclosure of estimated liabilities for employees’ benefits. The changes in the Company’s accounting policies include the following: 1. All actuarial gains and losses are

recognized immediately through other comprehensive income.

2. Past service costs are recognized immediately in profit or loss.

3. Interest cost and expected return on plan assets are replaced with net interest amount that is calculated by applying the discount rate to the defined benefit liability / asset.

Grup telah menerapkan PSAK No. 24 (Revisi 2013) secara retrospektif pada periode berjalan.

The Group has applied PSAK No. 24 (Revised 2013) retrospectively in the current period.

Grup juga telah melakukan penyesuaian terhadap beberapa akun pada laporan keuangan tahun 2016 dan 2015 secara retrospektif yang diisyaratkan PSAK No. 25 ” Kebijakan Akuntansi, Perubahan Estimasi Akuntansi, dan Kesalahan”, sebagai berikut:

The Group also has adjust several accounts have also been made to the 2016 and 2015 financial statements retrospectively as required by PSAK No. 25 "Accounting Policies, Changes in Accounting Estimates, and Errors", as following:

1. Akun Utang Bank pada tanggal 31 Desember 2016 dan 2015 yang telah direklasifikasi ke utang pembiayaan konsumen untuk menyesuaikan sifat transaksi.

2. Akun utang sewa guna usaha pada tanggal 31 Desember 2016 dan 2015 yang telah direklasifikasi ke utang lain-lain untuk menyesuaikan sifat transaksi.

1. Bank Loan Accounts as of December 31, 2016 and 2015 that have been reclassified to consumer financing debt to adjust the nature of the transaction.

2. Lease accounts payable as of

December 31, 2016 and 2015 which have been reclassified to other payable to adjust the nature of the transaction.

Laporan laba rugi dan penghasilan komprehensif lain konsolidasian untuk tahun yang berakhir pada tanggal 31 Desember 2016 dan laporan posisi keuangan komparatif pada tanggal 31 Desember 2016 dan 2015 telah disajikan kembali dengan tepat.

The consolidated statement of profit or loss and other comprehensive income for the year ended December 31, 2016 and the comparative consolidated statements of financial position as of December 31, 2016 and 2015 have been appropriately restated.

Penyesuaian yang dihasilkan dari perubahan di atas dalam kebijakan akuntansi dirangkum dalam tabel berikut:

The adjustments that resulted from the above changes in accounting policies are summarized in the following table:

Laporan posisi keuangan konsolidasian

2016 (Disajikan sebelumnya/ Previously Reported)

Penyesuaian / Adjustments

2016 (Disajikan kembali/

As restated)

Consolidated statement of financial

position

Aset

Assets

Kas dan bank 7.046.308.749

20.491.592.643

27.537.901.392

Cash on hand and in banks

Piutang usaha

13.081.257.172

35.615.572.364 48.696.829.536

Trade receivables

Piutang lain-lain

25.587.783.708

(7.738.019.854 ) 17.849.763.854

Other receivables Pendapatan masih harus

diterima

11.637.123.149

26.033.952.488

37.671.075.637

Unearned revenue







38




2016 (Disajikan

sebelumnya/ Previously Reported)



As restated) Consolidated statement of financial

Position

1.477.596.707

3.366.023.746

4.843.620.453

Inventories Uang muka dan biaya dibayar dimuka

2.067.063.527

6.279.360.008

8.346.423.535

Advance and prepaid expenses

Pajak dibayar dimuka

86.585.543

420.044.670 506.630.213

Prepaid taxes

Investasi

200.000.000

(200.000.000 ) -

Investment

Taksiran tagihan pajak penghasilan

-

3.125.847.763

3.125.847.763

Estimated claim for income tax refund

Aset tetap – bersih

3.234.852.685

10.264.700.854

13.499.553.539

Fixed assets – net

Aset pajak tangguhan -

1.528.270.970

1.528.270.970

Deferred tax assets

Aset lain-lain 1.055.218.100

1.650.710.659

2.705.928.759

Other assets

Liabilitas

Liabilities

Utang bank

36.685.461.000

12.270.271.000

48.955.732.000

Bank loan

Utang pembiayaan konsumen -

45.636.656.581

45.636.656.581

Consumer financing payable

Utang usaha

1.405.160.047

3.929.837.512

5.334.997.559

Trade payables

Utang lain-lain

534.558.017

4.994.313.930

5.528.871.947

Other payables

Beban masih harus dibayar

9.945.318.517

12.196.065.141

22.141.383.658

Accrued expenses

Uang muka pelanggan

-

2.133.877.631

2.133.877.631

Advance from customers

Utang pajak 679.310.289

4.251.047.248

4.930.357.537

Taxes payable

Liabilitas diestimasi atas imbalan kerja karyawan

-

6.113.083.881

6.113.083.881

Estimated liabilities for employees’ benefits

Ekuitas

Equity

Modal saham

1.100.000.000

-

1.100.000.000

Shares capital Proforma ekuitas dari transaksi

restrukturisasi entitas sepengendali

-

7.719.812.425

7.719.812.425

Proforma equity of restructuring transactions of entities under common control

Tambahan modal disetor

310.704.247

(310.704.247 ) -

Paid in capital

Saldo laba

14.813.277.224

911.999.164

15.725.276.388

Retained earnings

Kepentingan non-pengendali -

991.796.042

991.796.042

Non-controlling interests

Laporan laba rugi dan penghasilan komprehensif lain konsolidasian

Consolidated Statement of profit or loss and other comprehensive

income

Pendapatan bersih 138.490.003.009 458.244.977.635

596.734.980.644

Net revenues

Beban pokok pendapatan

(115.301.841.469 ) (400.656.642.919 ) (515.958.484.388 ) Cost of revenues

Beban pemasaran

(74.938.535 ) (156.702.220 ) (231.640.755 ) Marketing expenses


(18.123.392.310 ) (55.506.788.095 ) (73.630.180.405 ) General and administrative

Expenses

Penghasilan keuangan

- 186.962.787 186.962.787 Finance income

Beban Keuangan

- (17.431.788.271 ) (17.431.788.271 ) Finance costs Pendapatan (beban) lain-lain - bersih

(2.866.815.692 ) (2.182.104.491 )

684.711.201

Other income (expenses) – net

MANFAAT (BEBAN) PAJAK PENGHASILAN

INCOME TAX BENEFIT (EXPENSES)

Kini (1.728.773.750 ) (1.350.537.052 ) (3.079.310.802 ) Current

Tangguhan

- 215.555.763

215.555.763 Deferred

Pengukuran kembali liabilitas imbalan kerja karyawan

-

(295.390.701 ) (295.390.701 )

Remeasurement liabilities for employees’ benefits

Pajak penghasilan terkait

-

73.847.675

73.847.675

Related income tax







39




2015 (Disajikan sebelumnya/ Previously Reported)



As restated)

Consolidated statement of financial

position

Aset

Assets

Kas dan bank

7.124.646.231

12.591.251.868

19.715.898.099 Cash on hand and

in banks

Piutang usaha

27.986.768.369

43.202.625.283 71.189.393.652

Trade receivables

Piutang lain-lain

31.144.465.663

(16.415.198.127 ) 14.729.267.536

Other receivables Pendapatan masih harus diterima

12.001.633.870

42.437.889.770

54.439.523.640

Unearned revenue

Persediaan

985.019.028

3.377.803.161

4.362.822.189

Inventories

Pajak dibayar dimuka

65.307.940

464.245.630

529.553.570

Prepaid taxes Uang muka dan biaya dibayar dimuka

1.239.008.987

11.506.303.278 12.745.312.265

Advance and prepaid Expenses

Investasi

200.000.000

(200.000.000 ) -

Investment Taksiran tagihan pajak penghasilan

-

2.653.368.032

2.653.368.032

Estimated claim for income tax refund

Aset tetap – bersih

3.374.352.183

11.943.784.489

15.318.136.672

Fixed assets – net

Aset pajak tangguhan

-

1.238.867.532

1.238.867.532

Deferred tax assets

Aset lain-lain

474.114.250

1.322.982.507

1.797.096.752

Other assets

Liabilitas

Liabilities

Utang bank

39.884.885.000

12.086.995.224 51.971.880.224

Bank loan

Utang pembiayaan konsumen

-

47.352.458.095 47.352.458.095

Consumer financing payable

Utang usaha

13.173.824.607

200.595.957 13.374.420.564

Trade payables

Utang lain-lain

1.557.332.966

7.795.719.406 9.353.052.372

Other payables

Beban masih harus dibayar

13.357.046.295

8.693.714.070 22.050.760.365

Accrued expenses

Uang muka pelanggan

-

7.179.925.032 7.179.925.032

Advance from customers

Utang pajak

821.951.553

3.391.699.502 4.213.651.055

Taxes payable

Utang sewa guna usaha

281.240.132

(281.240.132 ) -

Lease payable Liabilitas diestimasi atas imbalan

kerja karyawan

-

4.955.470.127

4.955.470.127 Estimated liabilities

for employees’ benefits

Ekuitas

Equity

Modal saham

1.100.000.000

-

1.100.000.000

Share capital Proforma ekuitas dari transaksi restrukturisasi entitas sepengendali

-

21.126.367.039

21.126.367.039

Proforma equity of restructuring transactions of entities under common control

Saldo laba

14.419.035.968

773.106.528

15.192.142.496

Retained earnings

Kepentingan Non-pengendali

-

849.112.569 849.112.569


Laporan laba rugi dan

penghasilan komprehensif lain konsolidasian

Consolidated statement of profit or loss and other comprehensive income

Pendapatan bersih

147.517.192.018

427.422.146.457

574.939.338.475

Net revenues

Beban pokok pendapatan

(121.818.958.463 ) (351.944.249.642 ) (473.763.208.105 ) Cost of revenues

Beban pemasaran

(103.514.087 ) (303.862.219 ) (407.376.306 ) Marketing expenses


(16.744.160.929 ) (66.773.560.963 ) (83.517.721.892 ) General and administrative

Expenses

Penghasilan keuangan

- 212.843.432 212.843.432 Finance income

Beban Keuangan

- (15.962.158.457 ) (15.962.158.457 ) Finance costs Pendapatan (beban) lain-lain – bersih

(4.603.943.363 ) 388.508.215

4.992.451.578

Other income (expenses) – net

MANFAAT (BEBAN) PAJAK PENGHASILAN

INCOME TAX BENEFIT (EXPENSES)

Kini

(1.982.160.750 ) (1.448.848.183 ) (3.431.008.933 ) Current

Tangguhan

-

206.531.814 206.531.814 Deferred


-

(2.590.697.348 ) (2.590.697.348 )

Remeasurement liabilities for employees’

benefits

Pajak penghasilan terkait

-

647.674.337 647.674.337 Related income tax







40

6. KAS DAN SETARA KAS 6. CASH AND CASH EQUIVALENTS

Rincian kas dan setara kas adalah sebagai berikut: The details of cash and cash equivalents are as

follows:

30 April 2018 / April 30, 2018

31 Desember 2017 /

December 31, 2017

31 Desember 2016 /

December 31, 2016

31 Desember 2015 /

December 31, 2015

Kas 558.417.389 590.776.803 656.876.336 885.715.296 Cash on hand

Bank

Cash in banks

PT Bank Sinarmas Tbk

15.726.243.498

15.495.793.637

16.320.349.832

9.328.138.669

PT Bank Sinarmas Tbk

PT Bank Central Asia Tbk

5.666.070.183

6.496.250.557

3.718.673.015

1.934.551.490

PT Bank Central Asia Tbk

PT Bank International Indonesia Tbk

1.154.792.718

2.014.399.790

2.556.496.034

2.713.692.526

PT Bank International

Indonesia Tbk PT Bank Negara

Indonesia (Persero) Tbk

927.391.476

407.297.047

141.594.910

628.151.074

PT Bank Negara Indonesia (Persero) Tbk

PT Bank Syariah Mandiri

400.583.148

526.478.835

7.450.667

6.783.096

PT Bank Syariah Mandiri

PT Bank Mandiri (Persero) Tbk

289.730.085

477.746.795

2.376.282.292

2.566.723.937

PT Bank Mandiri (Persero) Tbk

PT Bank OCBC NISP Tbk

37.334.283

350.487.929

128.241.355

231.719.973

PT Bank OCBC NISP Tbk

PT Bank Panin Tbk

3.683.937

4.153.419

42.118.509

11.813.193

PT Bank Panin Tbk

PT Bank Rakyat Indonesia Tbk

2.237.982

1.969.000

-

-

PT Bank Rakyat Indonesia Tbk

PT Bank Maybank Indonesia Tbk

660.000

852.000

-

-

PT Bank Maybank

Indonesia Tbk PT Bank Mega

Tbk

-

48.356.609

589.818.442

74.262.645 PT Bank Mega

Tbk

Sub-jumlah

24.208.727.310

25.823.785.618 25.881.025.056 17.495.836.603

Sub-total

Deposito berjangka 14.200.000.000 1.000.000.000 1.000.000.000 1.334.346.200 Time deposit

Jumlah

38.967.144.699

27.414.562.421 27.537.901.392 19.715.898.099

Total

Pada tanggal 30 April 2018, 31 Desember 2017,

2016 dan 2015, tidak terdapat saldo kas dan setara kas yang ditempatkan kepada pihak berelasi.

As of April 30, 2018, December 31, 2017, 2016 and 2015, there is no cash and cash equivalents placed with related parties.

Pada tanggal 30 April 2018, 31 Desember 2017, 2016

dan 2015 deposito berjangka memiliki tingkat bunga berkisar antara 5,75% - 7% per tahun.

As of April 30, 2018, December 31, 2017, 2016 and 2015, time deposits have interest rates ranging between 5.75% - 7% per year.







41

7. PIUTANG USAHA 7. TRADE RECEIVABLES Rincian piutang usaha adalah sebagai berikut: The details of trade receivables are as follows:

Berdasarkan bidang usaha Based on business

30 April 2018 / April 30, 2018

31 Desember 2017 /

December 31, 2017

31 Desember 2016 /

December 31, 2016

31 Desember 2015 /

December 31, 2015

Jasa kebersihan 30.960.495.905 24.832.202.342 22.077.349.266 27.914.435.740 Cleaning services

Jasa keamanan 19.465.157.997 11.805.580.657 13.081.257.172 27.986.768.369 Security services Jasa penyedia sumber

daya manusia

4.597.611.222

16.033.635.959

13.588.466.540

13.016.696.184 Human resource

providers Jasa parkir 657.572.487 283.779.547 208.907.689 2.329.894.490 Parking services Lain-lain - - - 200.750.000 Others

Jumlah 55.680.837.611 52.955.198.505 48.955.980.667 71.448.544.783 Total Dikurangi cadangan penurunan nilai piutang

(259.151.131

) (259.151.131

) (259.151.131

) (259.151.131

)

Less allowance for impairment of trade receivables

Jumlah piutang –

bersih

55.421.686.480

52.696.047.374

48.696.829.536

71.189.393.652

Total receivables -

Net

Berdasarkan umur Based on aging

30 April 2018 / April 30, 2018

31 Desember 2017 /

December 31, 2017

31 Desember 2016 /

December 31, 2016

31 Desember 2015 /

December 31, 2015

Belum jatuh tempo 32.308.407.073 31.939.616.454 30.556.074.761 40.236.856.552 Not due yet Jatuh tempo dan

tidak mengalami penurunan nilai

Past due and not

Impaired 1 - 30 hari 10.672.542.853 14.463.763.514 9.188.869.227 13.281.923.716 1-30 days 31 - 60 hari 3.559.124.500 3.487.695.084 2.920.495.678 4.339.591.194 31-60 days 61 - 90 hari 7.253.101.455 1.305.859.850 288.273.704 951.555.839 61-90 days Lebih dari 90 hari 1.887.661.730 1.758.263.603 6.002.267.297 12.638.617.482 More than 90 days


(259.151.131

) (259.151.131

) (259.151.131

) (259.151.131

)


Jumlah

55.421.686.480

52.696.047.374

48.696.829.536

71.189.393.652

Total

Berdasarkan nama pelanggan - pihak ketiga Based on customers - third parties

30 April 2018 / April 30, 2018

31 Desember 2017 /

December 31, 2017

31 Desember 2016 /

December 31, 2016

31 Desember 2015 /

December 31, 2015

PT Smartfren

Telecom Tbk

3.338.512.607 5.433.650.216 1.873.375.480 1.301.515.590 PT Smartfren

Telecom Tbk PT Lintas Marga

Sedaya

1.114.701.380 558.754.274 - - PT Lintas Marga

Sedaya Standard Chartered

Bank

975.425.945 1.013.821.446 - - Standard Chartered

Bank PT Jakarta Sinar

Intertrade

760.288.939 1.519.065.406 1.318.054.454 701.673.200 PT Jakarta Sinar

Intertrade PT Jakarta Golden

Landmark

744.393.184 992.290.330 257.338.629 - PT Jakarta Golden

Landmark PT Sinar Mas Agro

Resources Dan Technology Tbk

715.453.728 - 1.164.940.046 2.201.465.654

PT Sinar Mas Agro Resources And

Technology Tbk PT Santos Jaya

Abadi

572.300.590 1.037.207.257 1.448.650.770 57.943.168 PT Santos Jaya

Abadi







42

7. PIUTANG USAHA (lanjutan) 7. TRADE RECEIVABLES (continued)

Berdasarkan nama pelanggan - pihak ketiga (lanjutan) Based on customers - third parties (continued)

30 April 2018 / April 30, 2018

31 Desember 2017 /

December 31, 2017

31 Desember 2016 /

December 31, 2016

31 Desember 2015 /

December 31, 2015

PT Bali Towerindo Sentra Nasional Tbk

561.627.711

157.256.968

-

-

PT Bali Towerindo Sentra Nasional Tbk

PT Wjiaya Pratama Raya

524.126.083

-

86.287.900

1.253.292.211

PT Wjiaya Pratama Raya

Yayasan Kesehatan Telogorejo

524.008.105

524.002.105

367.884.291

210.613.727

Yayasan Kesehata Telogorejo

Lain-lain (dibawah Rp 500.000.000)

45.849.999.339

41.719.150.503

42.439.449.097

65.722.041.233

Others (above Rp 500,000,000)


(259.151.131

) (259.151.131

) (259.151.131

) (259.151.131

)


Jumlah

55.421.686.480

52.696.047.374

48.696.829.536

71.189.393.652

Total

Pada tanggal 30 April 2018, 31 Desember 2017, 2016 dan 2015, manajemen berkeyakinan bahwa penyisihan penurunan nilai piutang usaha cukup memadai untuk menutup kemungkinan kerugian atas penurunan nilai piutang usaha yang dicadangkan berdasarkan historis pembayaran dan komitmen pelanggan.

As of April 30, 2018, December 31, 2017, 2016 and 2015, management believes that the allowance for impairment in the value of the accounts receivable is sufficient to cover possible losses from impairment of trade receivables which allowanced based on payment history and customers commitment.

Pada tanggal 30 April 2018, 31 Desember 2017, 2016 dan 2015, piutang usaha Grup telah dijadikan sebagai jaminan utang bank dan utang pembiayaan konsumen (lihat Catatan 14 dan 15).

As of April 30, 2018, December 31, 2017, 2016 and 2015, trade receivables of the Group are used as collateral for bank loan and consumer financing payable (see Notes 14 and 15).

8. PIUTANG LAIN-LAIN 8. OTHER RECEIVABLES

Rincian piutang lain-lain adalah sebagai berikut: The details of other receivables are as follows:


30 April 2018 / April 30, 2018

31 Desember 2017 / December

31, 2017


31, 2016


31, 2015

Jasa kebersihan 11.276.107.299 11.097.311.521 7.629.064.509 7.527.311.871 Cleaning services Jasa keamanan 6.471.232.826 7.435.768.765 4.375.468.487 4.483.156.729 Security services Jasa parkir 1.162.876.685 1.305.724.963 1.348.816.601 1.343.775.633 Parking services Jasa penyedia

sumber daya manusia

260.623.252

251.400.464

3.319.452.406

332.085.243

Human resource

Providers Lain-lain 1.159.479.710 1.139.350.553 1.176.961.851 1.042.938.060 Others

Jumlah 20.330.319.772 21.229.556.266 17.849.763.854 14.729.267.536 Total

Berdasarkan pihak Based on parties

30 April 2018 / April 30, 2018


31, 2017


31, 2016


31, 2015

Pihak ketiga 4.803.508.512 4.756.525.295 4.012.831.151 7.046.939.792 Third party Pihak berelasi (lihat Catatan

27)

15.526.811.260

16.473.030.971

13.836.932.703

7.682.327.744

Related parties

(see Note 27)

Jumlah 20.330.319.772 21.229.556.266 17.849.763.854 14.729.267.536 Total







43

8. PIUTANG LAIN-LAIN (lanjutan) 8. OTHER RECEIVABLES (continued)

Manajemen Grup berkeyakinan bahwa tidak terdapat bukti objektif dari penurunan nilai piutang lain-lain dan seluruh piutang lain-lain tersebut dapat ditagih, sehingga tidak diperlukan penyisihan penurunan nilai.

The Group’s management believes that there is no objective evidence of impairment of other receivables because all trade receivables are collectible, thus allowance for impairment of other receivables is not required.

9. PERSEDIAAN 9. INVENTORIES

Rincian persediaan adalah sebagai berikut: The details of inventories are as follows:

30 April 2018 / April 30, 2018

31 Desember 2017 /

December 31, 2017

31 Desember 2016 /

December 31, 2016

31 Desember 2015 /

December 31, 2015

Jasa kebersihan 1.791.568.853 1.419.871.870 1.518.988.165 1.525.749.714 Cleaning services Jasa keamanan 1.875.864.187 1.666.699.698 1.477.596.708 985.019.029 Security services Jasa parkir 918.049.750 989.533.366 1.774.098.981 1.776.929.645 Parking services Jasa penyedia sumber

daya manusia

3.622.500

-

- - Human resource

Providers Lain-lain 67.014.589 67.014.590 72.936.599 75.123.801 Others

Jumlah

4.656.119.879

4.143.119.524

4.843.620.453 4.362.822.189

Total

Berdasarkan penelaahan terhadap persediaan pada akhir periode, manajemen berkeyakinan bahwa tidak perlu dilakukan penurunan nilai persediaan.

Based on the review of inventories at the end of the period, management believes that there is no decline in the value of inventories.

Pada tanggal 30 April 2018, 31 Desember 2017, 2016 dan 2015, tidak terdapat persediaan yang diasuransikan. Manajemen menilai belum perlunya asuransi atas persediaan karena sifat persediaan yang cepat habis dan nilainya yang relatif kecil.

As of April 30, 2018, December 31, 2017, 2016 and 2015, inventories were not insured. Management assesses that there is no need for insurance on inventories due to the nature of inventories which are quickly exhausted, the relatively small value.

10. UANG MUKA DAN BIAYA DIBAYAR DI MUKA 10. ADVANCE AND PREPAID EXPENSES

Rincian uang muka dan biaya dibayar di muka adalah sebagai berikut:

The details of advance and prepaid expenses are as follows:

30 April 2018 / April 30, 2018

31 Desember 2017 /

December 31, 2017

31 Desember 2016 /

December 31, 2016

31 Desember 2015 /

December 31, 2015

Uang Muka Advance Jasa keamanan 610.454.774 442.145.234 563.324.919 657.599.238 Security services Jasa parkir 591.262.750 726.952.800 590.634.407 1.382.068.859 Parking services Jasa penyedia

sumber daya manusia

1.200.000 - 7.100.000 -

Human resource

Providers Jasa kebersihan - 506.551.035 808.000.956 1.451.724.667 Cleaning services

Lain-lain

10.417.000 26.434.600 10.418.000

33.983.500

Others

Sub-jumlah 1.213.334.524 1.702.083.669 1.979.478.282 3.525.376.264 Sub-total

Biaya Dibayar di Muka

Prepaid Expenses

Jasa kebersihan 4.295.815.482 2.366.831.954 1.261.925.487 2.531.635.122 Cleaning services Jasa parkir 1.203.352.831 1.542.436.416 3.576.953.303 5.249.739.170 Parking services Jasa keamanan 708.684.511 253.751.625 1.503.738.608 581.409.748 Security services Jasa penyedia

sumber daya manusia

15.932.747 19.285.267 9.088.266 616.104.435

Human resource

Providers Lain-lain 46.530.878 25.341.105 15.239.589 241.047.525 Others

Sub-jumlah

6.270.316.449 4.207.646.367 6.366.945.253 9.219.936.000

Sub-total

Jumlah 7.483.650.973 5.909.730.036 8.346.423.535 12.745.312.264 Total







44

11. PENDAPATAN MASIH HARUS DITERIMA 11. UNEARNED REVENUE

Rincian pendapatan masih harus diterima adalah sebagai berikut:

The details of unearned revenue are as follows:

30 April 2018 / April 30, 2018

31 Desember 2017 /

December 31, 2017

31 Desember 2016 /

December 31, 2016

31 Desember 2015 /

December 31, 2015

Jasa kebersihan 27.415.562.830 24.824.951.652 23.497.593.928 36.997.361.781 Cleaning services Jasa keamanan 13.825.697.188 13.718.007.097 11.637.123.149 12.001.633.870 Security services Jasa penyedia

sumber daya manusia 1.632.669.476 2.586.128.986 2.411.330.920 5.019.126.245

Human resource Providers

Jasa parker 520.987.482 798.537.472 125.027.640 421.401.744 Parking services

Jumlah

43.394.916.976

41.927.625.207 37.671.075.637 54.439.523.640

Total

12. ASET TETAP 12. FIXED ASSETS

Rincian dan mutasi aset tetap adalah sebagai berikut: The details and movement of fixed assets are as follows:

30 April 2018 / April 30, 2018

Saldo Awal / Beginning Balance

Penambahan / Additions

Pengurangan / Deductions

Saldo Akhir /

Ending Balance

Biaya perolehan Acquisition cost Bangunan 225.000.000 - - 225.000.000 Building Kendaraan 13.543.107.507 - 16.000.000 13.527.107.507 Vehicles Peralatan kantor 11.434.601.331 31.960.470 - 11.466.561.801 Office equipment Peralatan proyek 23.212.381.303 682.427.115 741.750.163 23.153.058.255 Project equipment

Jumlah 48.415.090.141 714.387.585 757.750.163 48.371.727.563 Total

Akumulasi penyusutan

Accumulated

Depreciation Bangunan 36.562.500 3.750.000 - 40.312.500 Building Kendaraan 9.379.414.004 423.638.976 16.000.000 9.787.052.980 Vehicles Peralatan kantor 10.106.282.491 295.061.201 - 10.401.343.692 Office equipment

Peralatan proyek 18.276.843.798 881.634.466 741.750.163 18.416.728.101 Project

Equipment

Jumlah 37.799.102.793 1.604.084.643 757.750.163 38.645.437.273 Total

Nilai Buku 10.615.987.348 9.726.290.290 Net Book Value

31 Desember 2017 / December 31, 2017




Saldo Akhir /

Ending Balance

Biaya perolehan Acquisition cost Gedung 225.000.000 - - 225.000.000 Building Kendaraan 13.498.591.747 574.362.728 529.846.968 13.543.107.507 Vehicles Peralatan kantor 10.929.606.094 525.162.337 20.167.100 11.434.601.331 Office equipment Peralatan proyek 22.368.462.357 1.663.980.670 820.061.724 23.212.381.303 Project equipment

Jumlah 47.021.660.198 2.763.505.735 1.370.075.792 48.415.090.141 Total

Akumulasi

penyusutan

Accumulated

Depreciation Gedung 25.312.500 11.250.000 - 36.562.500 Building Kendaraan 8.431.080.480 1.466.083.182 517.749.658 9.379.414.004 Vehicles Peralatan kantor 8.967.398.788 1.156.094.553 17.210.850 10.106.282.491 Office equipment Peralatan proyek 16.098.314.891 2.957.999.445 779.470.538 18.276.843.798 Project equipment

Jumlah 33.522.106.659 5.591.427.180 1.314.431.046 37.799.102.793 Total








45

12. ASET TETAP (lanjutan) 12. FIXED ASSETS (continued)





Saldo Akhir /

Ending Balance

Biaya perolehan Acquisition cost Bangunan 225.000.000 - - 225.000.000 Building Kendaraan 13.775.168.260 94.181.820 370.758.333 13.498.591.747 Vehicles Peralatan kantor 10.433.830.210 495.775.884 - 10.929.606.094 Office equipment Peralatan proyek 18.715.433.733 3.653.028.624 - 22.368.462.357 Project equipment

Jumlah 43.149.432.203 4.242.986.328 370.758.333 47.021.660.198 Total

Akumulasi

penyusutan

Accumulated

Depreciation Bangunan 14.062.500 11.250.000 - 25.312.500 Building Kendaraan 7.052.542.026 1.620.901.474 242.363.020 8.431.080.480 Vehicles Peralatan kantor 7.747.299.298 1.220.099.490 - 8.967.398.788 Office equipment Peralatan proyek 13.017.391.707 3.080.923.184 - 16.098.314.891 Project equipment

Jumlah 27.831.295.531 5.933.174.148 242.363.020 33.522.106.659 Total






Saldo Akhir /

Ending Balance

Biaya perolehan Acquisition cost Bangunan 225.000.000 - - 225.000.000 Building Kendaraan 13.603.545.575 2.961.079.685 2.789.457.000 13.775.168.260 Vehicles Peralatan kantor 9.289.017.651 1.144.812.559 - 10.433.830.210 Office equipment Peralatan proyek 15.791.317.035 2.924.116.698 - 18.715.433.733 Project equipment

Jumlah 38.908.880.261 7.030.008.942 2.789.457.000 43.149.432.203 Total

Akumulasi penyusutan

Accumulated Depreciation

Bangunan 2.812.500 11.250.000 - 14.062.500 Building Kendaraan 5.857.459.843 1.858.599.365 663.517.182 7.052.542.026 Vehicles Peralatan kantor 6.552.990.647 1.194.308.651 - 7.747.299.298 Office equipment Peralatan proyek 10.322.849.708 2.694.541.999 - 13.017.391.707 Project equipment

Jumlah 22.736.112.698 5.758.700.015 663.517.182 27.831.295.531 Total


Penyusutan untuk periode empat bulan yang berakhir

pada tanggal-tanggal 30 April 2018 dan 2017 serta untuk tahun yang berakhir pada tanggal-tanggal 31 Desember 2017, 2016 dan 2015 dibebankan pada akun-akun berikut:

Depreciation for the four-month periods ended April 30, 2018 and 2017 and for the years ended December 31, 2017, 2016 and 2015 was charged to the following accounts:

2018 (Empat Bulan / Four Months)


(Tidak Diaudit / Unaudited)

2017 (Satu tahun /

One Year)

2016 (Satu tahun /

One Year)

2015 (Satu tahun /

One Year)

Beban pokok penjualan (lihat Catatan 22)

529.875.080

489.188.892

1.659.915.264

2.789.862.884

2.292.981.048

Cost of revenue (see

Note 22) Beban umum dan

administrasi (lihat Catatan 23)

1.074.209.563

1.396.540.473

3.931.511.916

3.143.311.264

3.465.718.967

General and administrative

expenses (see Note 23)

Jumlah 1.604.084.643 1.885.729.365 5.591.427.180 5.933.174.148 5.758.700.015 Total







46

12. ASET TETAP (lanjutan) 12. FIXED ASSETS (continued)

Laba (rugi) penjualan aset tetap adalah sebagai berikut:

Gain (loss) from sale of fixed assets are as follows:


2017 (Satu tahun /

One Year)

2016 (Satu tahun /

One Year)

2015 (Satu tahun /

One Year)

Harga jual 741.750.163 233.529.152 259.712.082 2.406.938.164 Selling price

Nilai buku bersih (741.750.163 ) (55.644.746 ) (128.395.313 ) (2.125.939.818 ) Net book value

Laba (rugi) penjualan aset tetap

- 177.884.406

131.316.769

280.998.346 Gain (loss) on sale fixed asset

Aset tetap milik Grup digunakan sebagai jaminan utang pembiayaan konsumen (lihat Catatan 15).

Fixed assets of the Group are used as collateral of consumer financing payable (see Note 15).

Grup mengasuransikan seluruh asset tetap tipe asuransi risiko kebakaran, kerusakan, pencurian dan risiko lainnya pada PT Lippo General Insurance, PT Chubb General Insurance Indonesia, PT Asuransi Central Asia, PT Asuransi Astra Buana, PT Asuransi Sinarmas, Asuransi Bina Dana Artha dan PT Asuransi Raksa Pratikara dengan nilai pertanggungan masing-masing sebesar Rp 9.526.800.000, Rp 16.838.825.000, Rp 16.551.956.000 dan Rp 9.348.500.000 untuk tahun yang berakhir pada tanggal-tanggal 30 April 2018, 31 Desember 2017, 2016 dan 2015.

The Group insured fixed assets against, fire, damage, theft and other risks to PT Lippo General Insurance, PT Chubb General Insurance Indonesia, PT Asuransi Central Asia, PT Asuransi Astra Buana, PT Asuransi Sinarmas, Asuransi Bina Dana Artha and PT Asuransi Raksa Pratikara with total coverage amounted to Rp 9,526,800,000, Rp 16,838,825,000, Rp 16,551,956,000 and Rp 9,348,500,000 for the years ended April 30, 2018, December 31, 2017, 2016 and 2015, respectively.

Pada tanggal 30 April 2018, 31 Desember 2017, 2016 dan 2015, tidak terdapat aset tetap yang tidak dipakai sementara serta tidak terdapat aset tetap yang dihentikan dari penggunaan aktif dan tidak diklasifikasikan sebagai tersedia untuk dijual.

As of 30 April ,work, 2018, December 31, 2017, 2016 and 2015, there are no fixed assets that are not used temporarily and there were no fixed assets which were terminated from active use and were not classified as available for sale.

Manajemen berpendapat bahwa tidak terdapat penurunan nilai atas aset tetap pada tanggal 30 April 2018, 31 Desember 2017, 2016 dan 2015.

Management believes that there is no impairment of fixed assets as of April 30, 2018, December 31, 2017, 2016 and 2015.

13. PERPAJAKAN 13. TAXATION

a. Pajak Dibayar di Muka a. Prepaid Tax

Akun ini terdiri dari: This account consists of:


2018 31 Desember 2017 / December 31, 2017



Pajak Pertambahan Nilai

469.698.441

700.015.634

304.669.019

464.245.630 Value Added

Tax Pajak penghasilan: Income tax :

Pasal 23 525.667.267 - - - Article 23 Pasal 25 417.854.497 326.951.637 201.961.194 65.307.940 Article 25

Jumlah

1.413.220.205

1.026.967.271

506.630.213

529.553.570

Total

b. Utang Pajak b. Taxes Payable



2018 31 Desember 2017 / December 31, 2017



Pajak Pertambahan Nilai

5.617.303.190

4.523.607.772

4.349.578.631

2.697.168.555

Value Added Tax

Pajak penghasilan: Income tax: Pasal 4(2) 151.747.657 61.537.905 129.209.619 132.435.994 Article 4(2) Pasal 21 481.891.976 346.927.053 358.002.768 1.276.013.754 Article 21 Pasal 23 23.357.018 10.510.008 9.997.675 18.617.730 Article 23 Pasal 25 43.871.211 23.277.201 39.635.021 61.446.500 Article 25 Pasal 29 877.079.270 507.562.861 43.933.823 27.968.522 Article 29

Jumlah

7.195.250.322

5.473.422.800

4.930.357.537

4.213.651.055

Total







47

13. PERPAJAKAN (lanjutan) 13. TAXATION (continued)

c. Pajak Penghasilan Badan c. Corporate Income Tax

2017

2018

(Empat Bulan /

Four Months) 2017 2016 2015

(Empat Bulan / Four Months)





Laba (rugi) sebelum pajak penghasilan menurut laporan laba rugi dan penghasilan komprehensif lain konsolidasian

2.594.975.109

(2.204.666.333

)

18.721.778.816

(9.645.439.187 ) 6.494.168.725

Income (Loss) before

income tax per consolidated

statements of profit or loss and other

comprehensive income

Laba sebelum pajak entitas anak

3.026.429.767

(376.250.038

) 5.137.138.583

1.332.940.226 1.428.068.633

Income before tax of the

subsidiaries

Laba (rugi) sebelum pajak Perusahaan

(431.454.658 ) (1.828.416.295

) 13.584.640.233

(10.978.379.41

3

) 5.066.100.092

Income (loss) before tax of the

Company

Beda temporer:

Temporary

difference: Imbalan kerja

karyawan

84.277.679

101.739.133

304.249.357

178.159.433

239.109.146 Employees

benefits

Beda permanen:

Permanent

differences: Beban yang tidak

dapat dikurangkan

542.273.019

(1.184.718.178

) (7.069.724.804

) 17.715.315.715

2.623.434.533 Non deductible

expense

Taksiran laba fiskal untuk tahun berjalan - Perusahaan

195.096.040

(2.911.395.340

) 6.819.164.786

6.915.095.735

7.928.643.772

Fiscal losses for Current year – the

Company Taksiran laba fiskal

tahun berjalan (dibulatkan)

195.096.000

(2.911.395.000

)

6.819.164.000

6.915.095.000

7.928.643.000

Fiscal losses for Current year – the

Company Beban pajak

penghasilan kini

48.774.010

-

1.704.791.000

1.728.773.750

1.982.160.750 Current income

tax expenses

Taksiran utang pajak penghasilan pasal 29

Estimated tax payable of income tax article 29

Perusahaan 35.995.319 - 35.995.319 27.884.953 10.045.549 Company

Entitas anak 841.083.951 43.508.502 471.567.542 16.048.870 17.922.973 Subsidiaries

Jumlah 877.079.270 43.508.502 507.562.861 43.933.823 27.968.522 Total

Laba (rugi) kena pajak hasil rekonsiliasi untuk tahun yang berakhir 31 Desember 2017, 2016 dan 2015 menjadi dasar dalam pengisian Surat Pemberitahuan Tahunan (SPT) Pajak Penghasilan Badan.

Taxable income (loss) resulting from reconciliation for the years ended December 31, 2017, 2016 and 2015 became the basis for submitted Annual Tax Redem (SPT).

d. Manfaat (Beban) Pajak Penghasilan d. Income Tax Benefit (Expense)

Manfaat (beban) pajak penghasilan bersih Grup untuk periode empat bulan yang berakhir pada tanggal 30 April 2018 dan 2017 serta untuk tahun yang berakhir pada tanggal-tanggal 31 Desember 2017, 2016 dan 2015 adalah sebagai berikut :

Income tax benefit (expense) of the Group for the four-months period ended April 30, 2018 and 2017 and for the years ended December 31, 2017, 2016 and 2015 are as follows:

2017

2018 (Empat Bulan / Four Months) 2017 2016 2015

(Empat Bulan / Four Months)





Kini (1.244.831.120 ) (717.550.329 ) (6.715.235.430 ) (3.079.310.802 ) (3.431.008.933 ) Current

Tangguhan 62.308.995 128.614.375 189.828.183 215.555.763 206.531.814 Deferred

Jumlah - Bersih

(1.182.522.125 ) (588.935.954 ) (6.525.407.247 ) (2.863.755.039 ) (3.224.477.119 )

Total - Net







48


e. Pajak Tangguhan e. Deferred Tax

Rincian aset pajak tangguhan pada tanggal 30 April 2018, 31 Desember 2017, 2016 dan 2015 adalah sebagai berikut :

The detail of deferred tax assets as of April 30, 2018, December 31, 2017, 2016, and 2015 :

30 April 2018 / April 30, 2018

Saldo Awal /

Beginning Balance

Manfaat Pajak Penghasilan

Tangguhan yang Dibebankan Pada

Laba Rugi / Deferred Income Tax Benefit Charged to Profit or

Loss



Penghasilan Komprehensif Lain / Deferred Tax Benefit

Charged to Other Comprehensive

Income

Saldo Akhir / Ending Balance

Liabilitas diestimasi atas imbalan kerja karyawan 902.872.500 62.308.995 72.511.960 1.037.693.455

Estimated liabilities for employees’

benefits


Saldo Awal /

Beginning Balance




Loss





Income


Liabilitas diestimasi atas imbalan kerja karyawan 1.528.270.970 189.828.183 (815.226.653 ) 902.872.500


benefits


Saldo Awal /

Beginning Balance




Loss





Income


Liabilitas diestimasi atas imbalan kerja karyawan 1.238.867.532 215.555.763 73.847.675 1.528.270.970


benefits


Saldo Awal /

Beginning Balance




Loss





Income


Liabilitas diestimasi atas imbalan kerja karyawan 384.661.381 206.531.814 647.674.337 1.238.867.532


benefits







49


f. Surat Ketetapan Pajak f. Tax Assesment Letter

Pada tanggal 11 Januari 2017, Perusahaan menerima Surat Ketetapan pajak Lebih Bayar (SKPLB) dengan No. 00006/406/16/038/17 untuk pajak penghasilan PPh 23 sebesar Rp 1.405.342.612, atas SKPLB tersebut, Perusahaan telah menerima sebesar Rp. 1.405.342.612 pada tanggal 11 Januari 2018.

On January 11, 2017, the Company received a tax overpayment assessment letter (SKPLB) no. 00006/406/16/038/17 for income tax art 23 amounting to Rp 1,405,342,612, the SKPLB, the Company has received

Rp 1,405,342,612 on January 11, 2018

14. UTANG BANK 14. BANK LOAN

Akun ini merupakan utang bank kepada PT Bank Sinarmas Tbk pada tanggal 30 April 2018, 31 Desember 2017, 2016 dan 2015 masing-masing sebesar Rp 45.781.583.000, Rp 45.256.665.000, Rp 48.955.732.000 dan Rp 51.971.880.224.

This account consist of bank loan to PT Bank Sinarmas Tbk as of April 30, 2018, December 31, 2017, 2016 and 2015 amounted to Rp 45,781,583,000, Rp 45,256,665,000, Rp 48,955,732,000 and Rp 51,971,880,224, respectively.

Perusahaan The Company Berdasarkan Akta Suplesi Perjanjian Kredit No.57

tertanggal 13 Juni 2013 dan 5 Juli 2012 yang keduanya dibuat oleh Hartojo, S.H., Notaris di Jakarta. Perusahaan memperoleh pinjaman dari PT Bank Sinarmas Tbk untuk modal kerja Perusahaan sebagaimana tersebut dalam Surat Addendum Perjanjian Kredit No. 010/P-14/DL/BG/Line/VIII/2015-13 dengan rincian sebagai berikut:

Based on the Deed Suplesi Credit Agreement No. 57 dated June 13, 2013 and July 5, 2012 made by Hartojo, S.H., Notary in Jakarta. The Company obtained a loan from PT Bank Sinarmas Tbk for Company’s working capital as mentioned in letter of Credit which is No. 010/P-14/FL/BG LINE/VIII/2015-13 with details as dollows:

a. Sebesar Rp 20.000.000.000 dalam bentuk Fasilitas Demand Loan (Revolving)

b. Sebesar Rp 1.000.000.000 dalam bentuk Fasilitas

bank Garansi (Revolving)

a. Amounting to Rp 20,000,000,000 in the form of Demand Loan Facility (Revolving-Uncommited)

b. Amounting to Rp 1,000,000,000 in the form of

Bank Guarantee Facility (Revolving)

Perjanjian tersebut telah mengalami beberapa kali perubahan, terakhir dalam Surat Addendum Perjanjian Kredit No.002/P-014/Demand Loan /Bank Garansi Line No. VIII/2017-15. Perjanjian ini berlaku sampai tanggal 25 September 2018 dengan tingkat bunga sebesar 15% per tahun.

The agreement has been amended several times, most recently in the Letter of Addendum of Credit Agreement No.002 / P-014 / Demand Loan / Bank Guarantee Line No. VIII/2017-15. This agreement is valid until September 25, 2018, with effective rate of 15% per year.

Jaminan a. Demand Loan

Piutang usaha dari pelanggan Perusahaan sebesar 120% dari plafond atau outstanding kredit

b. Bank Garansi Line Jaminan berupa setoran jaminan sesuai jenis Bank Garansi yang akan diterbitkan sebagai berikut: 1. Tender/ big bond : Cash margin min. 10% 2. Performance Bond : Cash margin min. 30% 3. Advance payment bond : Cash margin min 50% 4. Payment Bond : Cash margin min.100%

Warranty a. Demand Loan

Accounts receivable from the Company's customers amounting to 120% of the ceiling or outstanding loans.

b. Bank Guarantee Line Warranty in the form of guarantee deposit according to Bank Guarantee type to be issued as follows: 1. Tender/ big bond : Cash margin min. 10% 2. Performance Bond : Cash margin min. 30% 3. Advance payment bond : Cash margin min

50% 4. Payment Bond : Cash margin min.100%







50

14. UTANG BANK (lanjutan) 14. BANK LOAN (continued)

PT The Service Line (TSL) PT The Service Line (TSL)

Berdasarkan Akta Perjanjian Kredit No. 57 tertanggal 13 Juni 2013 yang dibuat oleh Hartojo, S.H., Notaris di Jakarta bahwa Perusahaan memperoleh pinjaman dari PT Bank Sinarmas Tbk sebagaimana tersebut dalam surat Perjanjian Kredit tanggal 29 Juli 2013 No. 002/P-008/DL/Bank Garansi/VI/2017-13 dengan rincian sebagai berikut:

Based on the Deed Suplesi Credit Agreement No. 57 dated June 13, 2013 made by Hartojo, S.H., Notary in Jakarta, the Company obtained a loan from PT Bank Sinarmas Tbk as mentioned in the Offer Letter of Credit dated July 29, 2013 No. 002/P-008/DL/Bank Garansi/VI/2017-13 with details as follows:

a. Sebesar Rp 45.000.000.000 dalam bentuk Fasilitas Demand loan (Revolving).

b. Sebesar Rp 15.000.000.000 dalam bentuk Fasilitas Bank Garansi Line (Revolving).

a. Amounting to Rp 45,000,000,000 in the form of Demand Loan Facility (Revolving).

b. Amounting to Rp 15,000,000,000 in the form of bank Guarantee (Revolving).

Jaminan a. Demand Loan

Piutang usaha dari pelanggan Perusahaan sebesar 125% dari plafond atau outstanding kredit

b. Bank Garansi Line Jaminan berupa setoran jaminan sesuai jenis Bank Garansi yang akan diterbitkan sebagai berikut: 1. Tender/ big bond : Cash margin min. 10% 2. Performance Bond : Cash margin min. 30% 3. Advance payment bond: Cash margin min 50% 4. Payment Bond : Cash margin min.100%

Warranty a. Demand Loan

Accounts receivable from the Company's customers amounting to 125% of the ceiling or outstanding loans.

b. Bank Guarantee Line Warranty in the form of guarantee deposit according to Bank Guarantee type to be issued as follows: 1. Tender/ big bond : Cash margin min. 10% 2. Performance Bond : Cash margin min. 30% 3. Advance payment bond : Cash margin min

50% 4. Payment Bond : Cash margin min.100%

PT Human Resource Solution (HRS) PT Human Resource Solution (HRS)

Berdasarkan Akta Perjanjian Kredit No. 26 tertanggal 29 Februari 2012 yang dibuat dihadapan Hartojo, S.H., Notaris di Jakarta bahwa Perusahaan memperoleh pinjaman dari PT Bank Sinarmas Tbk sebagaimana tersebut dalam surat Perjanjian Kredit No.002/P-007/DL/II/2018-8 Sebesar Rp 1.500.000.000 dalam bentuk Fasilitas Demand loan (Revolving).

Based on the Deed of Credit Agreement No. 26 dated February 29, 2012 by Hartojo, S.H., Notary in Jakarta that the Company obtained a loan from PT Bank Sinarmas Tbk as mentioned in the Letter of Credit Agreement No.002/P-007/DL/II/2018-8 Amount of Rp 1,500,000,000 in the form of Demand Loan Facility (Revolving).

Perjanjian ini berlaku sampai dengan tanggal 21 Februari 2019 dengan tingkat bunga 15% per tahun. Pinjaman tersebut dijamin dengan piutang usaha Perusahaan sebesar 125% dari plafond atau outstanding kredit sesuai Akta Jaminan Fidusia No. 26 tertanggal 29 Februari 2012 yang dibuat oleh Hartojo, S.H., Notaris di Jakarta.

This agreement is valid until February 21, 2019 with interest rate of 15% per annum. The loan is secured by the Company's trade receivables amounting to 125% of the outstanding loan or outstanding credit under Fiduciary Guarantee Act No. 26 dated February 29, 2012 made by Hartojo, S.H., Notary in Jakarta.

Negatif Kovenan Negative Covenant

Selama fasilitas kredit masih terhutang, debitur tidak diperkenankan untuk melakukan perubahan anggaran dasar, susunan pengurus, dan pemegang saham tanpa pemberitahuan tertulis kepada PT Bank Sinarmas Tbk.

As long as the credit facility is payable, the borrower is not allowed to make changes to the articles of association, board of commissioners and shareholders without notice to PT Bank Sinarmas Tbk.







51

15. UTANG PEMBIAYAAN KONSUMEN 15. CONSUMER FINANCING PAYABLE

Akun ini merupakan utang pembiayaan kepada PT AB Sinarmas Multifinance sebesar Rp 34.349.918.425, Rp 36.364.960.626, Rp 45.636.656.581 dan Rp 47.352.458.095 pada tanggal 30 April 2018, 31 Desember 2017, 2016 dan 2015.

This account mainly represents financing loan to PT AB Sinarmas Multifinance amounting to Rp 34,349,918,425, Rp 36,364,960,626, Rp 45,636,656,581 and Rp 47,352,458,095 as of April 30, 2018, December 31, 2017, 2016 and 2015, respectively.

Perusahaan The Company

Berdasarkan Surat Addendum Perjanjian Kredit No. 012 / PAP-P / ABSMMF / IX / 2016 Perusahaan memperoleh pinjaman dari PT AB Sinarmas Multifinance untuk modal kerja Perusahaan sebesar Rp 25.000.000.000 dalam bentuk Demand Loan (Revolving).

Based Credit on the Offer Letter of No. 012/PAP-P/ABSMMF/IX/2016 the Company obtained a loan from PT AB Sinarmas Multifinance for Company’s working capital amounting to Rp 25,000,000,000 in the form of Demand Loan (Revolving).

Perjanjian ini telah mengalami beberapa kali perubahan, terakhir pada Surat Perjanjian Addendum No.012/PAP-P/ABSMMF/IX/2017 berlaku sampai dengan tanggal 6 September 2018 dengan tingkat bunga sebesar 18% per tahun.

This agreement has been amended several times, most recently in the Addedum Letter No.012/PAP-P/ABSMMF/IX/2017 valid until September 6, 2018 with effective rate 18% per year.

Pinjaman tersebut dijamin dengan piutang usaha Perusahaan dan Margin Kas.

The loan is secured by the Company’s accounts receivable and Cash Margin.

PT The Service Line (TSL) PT The Service Line (TSL)

Berdasarkan Surat Addendum Perjanjian Kredit No. 256/PAP-P/ABSMMF/IX/2016 Perusahaan memperoleh pinjaman dari PT AB Sinarmas Multifinance sebesar Rp 25.000.000.000 dalam bentuk Demand Loan (Revolving).

Based on the Offer Letter of Credit No. 256/PAP-P/ ABSMMF/IX/2016 the Company obtained aloan from PT AB Sinarmas Multifinance Amounting to Rp. 25,000,000,000 in the form of Demand Loan (Revolving)

Perjanjian ini telah mengalami beberapa kali perubahan, terakhir pada Surat Perjanjian Addendum No.160/PAP-P/ABSMMF/IX/2017 berlaku sampai denga tanggal 15 September 2018 dengan tingkat bunga sebesar 18% per tahun.

This agreement has been amended several times, most recently in the Addedum Letter No.160/PAP-P/ABSMMF/IX/2017 valid until September 15, 2018 with effective rate 18% per year.

Pinjaman tersebut dijamin dengan piutang usaha Perusahaan dan Margin Kas.

The loan is secured by the Company’s accounts receivable and Cash Margin.

PT Master Parking Indonesia (MPI) PT Master Parking Indonesia (MPI)

Berdasarkan Surat Perjanjian Kredit No. 069.T1 / PSGU / ABSMF / VII / 2015 Perusahaan memperoleh pinjaman dari PT AB Sinarmas Multifinance sebesar Rp 5.943.434.150 dalam bentuk Demand Loan (Revolving), yang berlaku sampai dengan tanggal 8 Juli 2020 dengan tingkat bunga sebesar 18% per tahun.

Based on Credit Agreement Letter No. 069.T1 / PSGU / ABSMF / VII / 2015 the Company obtained loan from PT AB Sinarmas Multifinance amounting to Rp 5,943,434,150 in the form of Demand Loan (Revolving), valid until July 8, 2020 with effective rate 18% per year.

Pinjaman tersebut dijamin dengan aset tetap berupa peralatan proyek.

The loan is secured by fixed assets in the form of project equipment.







52

15. UTANG PEMBIAYAAN KONSUMEN (lanjutan) 15. CONSUMER FINANCING PAYABLE (continued)

Syarat Utang Pembiayaan Konsumen Terms of Consumer Financing Payable

Berdasarkan perjanjian kredit di atas, berikut merupakan syarat utang pembiayaan konsumen:

Based on the credit agreement above, the following are the consumer financing debt terms:

1. Seluruh data, pernyataan, laporan dan semua dokumen berkenaan dengan utang pelanggan kepada Pihak Kedua (Grup) adalah lengkap dan sah;

2. Setiap piutang dalam perjanjian adalah piutang yang timbul dari transaksi jual beli, pelaksanaan penyerahan/pengiriman barang yang dilakukan dengan benar dan sah, serta bebas dari segala tuntutan hukum;

3. Perjanjian/kontrak jual beli yang dibuat diantara Pihak Kedua (Grup) dengan pelanggan harus memuat perincian tentang keadaan, jumlah (kwantitas) serta mutu (kwalitas) barang atau jasa yang diperjual belikan serta syarat-syarat pembayarannya;

4. Setiap asli faktur beserta salinan/copy asli setiap dokumen yang memuat tentang syarat dan ketentuan penjualan barang/jasa yang menyangkut dan terlebih dahulu harus disahkan (di-endorse) dengan pemberitahuan pengalihan sebagaimana dintentukan dalam perjanjian ini;

5. Seluruh hak pihak Kedua (Grup) yang timbul dari adanya kesepakatan/transaksi antara pihak kedua/klien dengan (para) pelanggannya menjadi hak pihak pertama/factor (AB Simas) sepenuhnya tanpa kecuali apapun juga;

6. Pihak Kedua (Grup) tidak akan melakukan perubahan atau memperbaharui Kesepakatan/Transaksi jual beli antar pihak Kedua (Grup) dengan para pelanggannya, tidak telah atau akan membatalkan perjanjian/transaksi jual beli tersebut, tidak telah atau akan menggadaikan piutangnya kepada pihak lain dan/atau melaksanakan segala sesuatu yang mungkin menimbulkan kerugian pada Pihak Pertama/Factor (AB Simas) berkenaan dengan perjanjian ini, tanpa persetujuan tertulis dari pihak Pertama/Factor;

7. Kecuali dengan persetujuan khusus dari Pihak Pertama/Factor (AB Simas), para pelanggan tidak termasuk dalam kategori yang termuat dalam pasal 3 (30 perjanjian ini;

8. Bahwa transaksi yang dilakukan antara Pihak Kedua (Grup) dengan pelanggan merupakan suatu transaksi yang tidak memuat mengenai larangan atau pembatasan tentang pengalihan piutang dari pihak Kedua/Klien kepada pihak lain;

1. All data, statements, reports and all documents relating to customer debt to the Second Party (Group) are complete and valid;

2. Each receivable in the agreement is a receivable arising from a sale and purchase transaction, the execution of delivery / delivery of goods carried out correctly and lawfully, and free from all legal claims;

3. The agreement / contract of sale and purchase made between the Second Party (the Group) and the customer must contain details about the condition, quantity (quantity) and the quality (quality) of the goods or services traded and the terms of payment;

4. Each original invoice along with the original copy / copy of each document containing the terms and conditions of the sale of goods / services that are related and must first be ratified (endorsed) with a notice of transfer as specified in this agreement;

5. All rights of the Second Party (Group) arising from the agreement / transaction between the second party / client with (the) customer being the right of the first party / factor (AB Simas) completely without exception anything;

6. The Second Party (Group) will not make changes or renew the Agreement / Sale and Purchase Transaction between the Second Party (Group) with its customers, has not or will cancel the agreement / transaction of sale and purchase, has not or will pawn the loan to another party and / or carry out everything that might cause harm to the First Party / Factor (AB Simas) regarding this agreement, without written approval from the First Party / Factor;

7. Except with special approval from First Party / Factor (AB Simas), customers are not included in the categories contained in article 3 (30 of this agreement;

8. Whereas transactions carried out between Second Party (Group) and customers constitute a transaction which does not contain any restrictions or restrictions on the transfer of receivables from the Second Party / Client to other parties;







53

15. UTANG PEMBIAYAAN KONSUMEN (lanjutan) 15. CONSUMER FINANCING PAYABLE (continued)

Syarat Utang Pembiayaan Konsumen (lanjutan) Terms of Consumer Financing Payable (continued)

Hak Resource Resource Rights 1. Pihak Pertama/Factor (AB Simas) mempunyai hak

penuh untuk menuntut pembayaran kembali dari Pihak Kedua (Grup) sehubungan dengan piutang (piutang) yang dibeli oleh dan telah dialihkan kepada Pihak Pertama/Factor (AB Simas) dalam hal pelanggan tidak/belum menyelesaikan kewajibannya secara penuh dan tepat pada waktunya dengan segala alas an apapun, atau dalam hal terjadi pelanggaran atas ketentuan-ketentuan dalam Perjanjian ini.

2. Pihak Kedua (Grup) dengan ini meyetujui serta mengikatkan diri atas tuntutan Pihak Pertama/Factor (AB Simas) untuk memenuhi kewajiban pembayaran kembali dalam waktu yang akan ditentukan oleh Pihak Pertama/Factor (AB Simas), yang mana batas/jangka waktu pemabayaran kembali tersebut akan diberitahukan secara tertulis kepada Pihak Kedua/Klien terhitung sejak tanggal jatuh temponya tagihan yang bersangkutan sebesar nilai yang diterima pada waktu penerimaan dimuka (advance payment) dan ditambah dengan biaya diskonto yang terhutang.

3. Bilamana Pihak Kedua (Grup) tidak dapat memenuhi kewajiban mengembalikan advanced payment berikut diskonto yang terhutang tepat pada waktu yang ditentukan oleh Pihak Pertama/Factor (AB Simas), maka dengan telah lewatnya waktu yang ditentukan tersebut, Pihak Kedua (Grup) dianggap telah lalai memenuhi kewajibannya sehingga Pihak Pertama/Factor (AB Simas)dapat mencairkan jaminan yang ada atau melakukan pengihan menurut hukum dalam segala resiko dan biaya harus ditanggung dan dipikul Pihak Kedua (Grup).

1. First Party / Factor (AB Simas) has the full right to demand repayment from the Second Party (Group) in connection with the receivables (receivables) purchased by and has been transferred to the First Party / Factor (AB Simas) in the event that the customer has not / has not complete its obligations in full and on time with any reason whatsoever, or in the event of a violation of the provisions of this Agreement.

2. The Second Party (Group) hereby agrees and binds itself to the demands of the First Party / Factor (AB Simas) to fulfill the obligation of repayment within the time that will be determined by the First Party / Factor (AB Simas), which is the limit / term of payment the return will be notified in writing to the Second Party / Client as from the maturity date of the invoice concerned in the amount received at the time of advance payment and added to the discounted fee.

3. If the Second Party (Group) cannot fulfill the obligation to return the advanced payment and the discount owed is exactly the time determined by the First Party / Factor (AB Simas), then with the stipulated time, the Second Party (Group) is deemed to have neglected to fulfill its obligations so that the First Party / Factor (AB Simas) can disburse the existing collateral or make the claim according to the law in all risks and costs must be borne and borne by the Second Party (Group).

Pada tanggal 30 April 2018, 31 Desember 2017, 2016 dan 2015, Grup telah memenuhi persyaratan dan pembatasan atas utang pembiayaan konsumen kepada Pihak Pertama/Factor (AB Simas).

As of April 30, 2018, December 31, 2017, 2016 and 2015, the Group has fulfilled the requirements and restrictions on consumer financing payable to First Party / Factor (AB Simas).

16. UTANG USAHA 16. TRADE PAYABLES

Rincian utang usaha adalah sebagai berikut: The details of trade payables are as follows:


30 April 2018 / April 30, 2018

31 Desember 2017 /

December 31, 2017

31 Desember 2016 /

December 31, 2016

31 Desember 2015 /

December 31, 2015

Jasa kebersihan

1.695.160.731

2.077.860.699

1.457.128.397

8.989.429.798 Cleaning

Services Jasa keamanan 774.493.562 781.064.636 1.405.160.047 2.252.806.651 Security services Jasa parker 631.534.524 639.167.033 2.469.817.215 2.068.783.355 Parking services







54

16. UTANG USAHA (lanjutan) 16. TRADE PAYABLES (continued)

Berdasarkan bidang usaha (lanjutan) Based on business (continued)

30 April 2018 / April 30, 2018

31 Desember 2017 /

December 31, 2017

31 Desember 2016 /

December 31, 2016

31 Desember 2015 /

December 31, 2015

Jasa penyedia sumber daya manusia

3.622.500

-

-

-

Human resource providers

Lain-lain 1.187.900 1.187.900 2.891.900 63.400.760 Others

Jumlah

3.105.999.217

3.499.280.268

5.334.997.559 13.374.420.564

Total

Berdasarkan umur Based on aging

30 April 2018 / April 30, 2018

31 Desember 2017 /

December 31, 2017

31 Desember 2016 /

December 31, 2016

31 Desember 2015 /

December 31, 2015

Belum jatuh tempo - - - - Not due yet Jatuh tempo dan

tidak mengalami penurunan nilai

Past due and not

impaired 1 - 30 hari 931.799.765 1.189.755.291 2.133.999.024 2.674.884.113 1-30 days 31 - 60 hari 621.199.843 524.892.040 1.066.999.512 1.337.442.056 31-60 days 61 - 90 hari 1.397.699.648 1.679.654.529 2.027.299.072 3.744.837.758 61-90 days Lebih dari 90 hari 155.299.961 104.978.408 106.699.951 5.617.256.637 More than 90 days

Jumlah

3.105.999.217 3.499.280.268 5.334.997.559 13.374.420.564

Total

Berdasarkan nama pemasok - pihak ketiga Based on vendor - third parties

30 April 2018 / April 30, 2018

31 Desember 2017 /

December 31, 2017

31 Desember 2016 /

December 31, 2016

31 Desember 2015 /

December 31, 2015

PT Razi Mandiri Pratama

173.924.620

51.517.100

104.601.240

88.361.540

PT Razi Mandiri Pratama

PT Pasific Prima Mentari

172.285.727

21.804.500

17.505.000

103.180.000

PT Pasific Prima Mentari

PT Makmur Abadi

103.778.677

43.420.174

-

- PT Makmur

Abadi PT Kharisma Plastik

Indo

95.310.000

90.600.000

94.215.000

- PT Kharisma

Plastik Indo PT Tandi Jaya Perkasa

81.052.000

94.754.000

-

107.435.900

PT Tandi Jaya Perkasa

PT Firman Raya Group

69.799.551

13.341.250

-

-

PT Firman Raya Group

PT Plastik Karawang Flexindo

59.875.000

20.219.760

-

-

PT Plastik Karawang Flexindo

PT Mitrajaya Pasopati

55.061.184

17.821.971

31.893.332

119.856.378

PT Mitrajaya Pasopati

PT Dwitunggal Suryamega

54.953.000

7.275.000

22.486.000

-

PT Dwitunggal Suryamega

PT Jerindo Jaya Abadi

54.309.257

-

-

-

PT Jerindo Jaya Abadi

Lain-Lain (Dibawah Rp 50.000.000)

2.185.650.201

3.138.526.513

5.064.296.987

12.955.586.746

Others (below Rp 50.000.000)

Jumlah

3.105.999.217

3.499.280.268

5.334.997.559 13.374.420.564

Total

1. Utang usaha didenominasi dalam Rupiah. Trade payables are denominated in Rupiah.







55

17. UTANG LAIN-LAIN 17. OTHER PAYABLES

30 April 2018 / April 30, 2018


31, 2017


31, 2016


31, 2015

Pihak ketiga 3.765.272.446 3.988.458.900 5.528.871.947 4.941.237.783 Third party Pihak berelasi (lihat Catatan

27)

2.102.480.375

1.373.194.487

-

4.411.814.589

Related party

(see Note 27)

Jumlah

5.867.752.821

5.361.653.387

5.528.871.947

9.353.052.372

Total

Utang lain-lain merupakan utang sementara yang digunakan untuk operasional Perusahaan. Utang tersebut tidak dikenakan bunga dengan batas waktu pinjaman 30 hari kerja.

Other debts are terms used for Company operations. The debt is not used with a loan deadline of 30 working days.

18. BEBAN MASIH HARUS DIBAYAR 18. ACCRUED EXPENSES


30 April 2018 / April 30, 2018

31 Desember 2017 /

December 31, 2017

31 Desember 2016 /

December 31, 2016

31 Desember 2015 /

December 31, 2015

Jasa kebersihan 18.395.360.248 10.984.291.706 7.631.447.082 7.067.780.386 Cleaning services Jasa keamanan 16.719.529.012 12.322.466.440 9.945.318.517 6.834.242.072 Security services

Jasa penyedia sumber daya manusia

3.833.681.094

3.438.832.674

4.349.320.209

2.568.762.986

Human resource

providers Jasa parkir 543.968.979 225.352.576 192.057.881 5.379.871.305 Services Lainnya 179.842.192 97.509.642 23.239.969 200.103.616 Others

Jumlah

39.672.381.525

27.068.453.038

22.141.383.658

22.050.760.365

Total

19. LIABILITAS DIESTIMASI ATAS IMBALAN KERJA

KARYAWAN 19. ESTIMATED LIABILITIES FOR EMPLOYEES’

BENEFITS Pada tanggal 30 April 2018, 31 Desember 2017, 2016

dan 2015, Perusahaan mencatat liabilitas diestimasi atas imbalan kerja karyawan berdasarkan perhitungan laporan aktuaria PT Sakura Aktualita Indonesia tanggal 19 Februari 2018 dan 28 Mei 2018 dengan menggunakan metode “Projected Unit Credit” dengan asumsi-asumsi sebagai berikut:

As of April 30, 2018, December 31, 2017, 2016 and 2015, the balance of estimated liabilities for employees’ benefits is based on the actuarial report of PT Sakura Aktualita Indonesia dated February 19, 2018 and May 28, 2018 the method used in the actuarial valuation is the “Projected Unit Credit” method with the following assumptions:

30 April 2018 / April 30, 2018




Usia pensiun 55 tahun / years

old

55 tahun / years old

55 tahun / years old 55 tahun / years old

Current service cost

Tingkat kenaikan gaji 6% per tahun / per

annum 6% per tahun / per



annum

Salary increase rate

Tingkat diskonto 7,3% per tahun /

per annum 7,3% per tahun / per

annum 7,3% per tahun / per

annum 7,3% per tahun / per

annum

Discount rate Tingkat mortalita TMI 3 TMI 3 TMI 3 TMI 3 Mortaility rate

Tingkat pengunduran diri

6% sampai usia 45 tahun kemudian

menurun linear / 6% at 45 years

old then decreased

linearly

6% sampai usia

45 tahun kemudian

menurun linear / 6% at 45 years old

then decreased linearly

6% sampai usia

45 tahun kemudian

menurun linear / 6% at 45 years old


6% sampai usia

45 tahun kemudian

menurun linear / to 6% at 45 years old


Resignation rate

Rincian beban imbalan kerja karyawan yang diakui

pada laporan laba rugi dan penghasilan komprehensif lain konsolidasian dalah sebagai berikut:

The detail of the employees’ benefits expense recognized in consolidated statements of profit or loss and other comprehensive income is as follows:







56

19. LIABILITAS DIESTIMASI ATAS IMBALAN KERJA KARYAWAN (lanjutan)

19. ESTIMATED LIABILITIES FOR EMPLOYEES’ BENEFITS (continued)

2018 (Empat Bulan/

Four Months)

2017 (Empat Bulan/

Four Months) (Tidak

Diaudit/ Unaudited)

2017 (Satu Tahun/

One Year)

2016 (Satu Tahun/

One Year)

2015 (Satu Tahun/

One Year)

Beban jasa kini

161.618.922 283.913.586 504.001.010 599.697.871 882.328.033 Current service

cost Beban bunga 87.617.058 213.654.997 305.311.723 299.525.181 246.637.459 Interest cost

Jumlah 249.235.980 497.568.583 809.312.733 899.223.052 1.128.965.492 Total

Pengukuran kembali atas liabilitas diestimasi atas imbalan kerja karyawan

290.047.838 (2.566.574.367 ) (3.260.906.612 ) 295.390.701 (2.590.697.348 )

Remeasurement

of estimated liabilities for employees’

benefits

Mutasi liabilitas bersih di laporan posisi keuangan

konsolidasian adalah sebagai berikut: The movement of net liabilities in the consolidated

statements of financial position is as follows:

30 April 2018 / April 30, 2018


2017


2016


2015

Saldo awal

3.611.490.004 6.113.083.883 4.955.470.130 1.538.645.526 Beginning

balance Beban periode berjalan

(lihat Catatan 23)

249.235.980 809.312.733 899.223.052 1.128.965.491 Expense in current

period (see Note 23) Pembayaran manfaat - (50.000.000 ) (37.000.000 ) (302.838.235 ) Benefit paid Pengukuran kembali

atas liabilitas diestimasi atas imbalan kerja karyawan

290.047.838 (3.260.906.612 ) 295.390.701 2.590.697.348

Remeasurement of estimated liabilities

for employees’ benefits

Saldo akhir

4.150.773.822 3.611.490.004 6.113.083.883 4.955.470.130

Ending balance

Sensitivitas keseluruhan liabilitas pensiun terhadap

perubahan tertimbang asumsi dasar adalah sebagai berikut:

The sensitivity of the overall pension liability to changes in the weighted principal assumptions is as follows:

30 April 2018 / April 30, 2018

Dampak Terhadap Liabilitas Imbalan Pasti Kenaikan (penurunan)/

Impact on Defined Benefit Liability Increase (Decrease)

Perubahan asumsi/ Change in

Assumptions

Kenaikan asumsi/ Increase in

Assumptions

Penurunan asumsi/ Decrease in

Assumptions

Tingkat diskonto 1% (3.924.556.646 ) 4.402.310.712 Discount rate

Tingkat pertumbuhan gaji 1% 4.648.840.112 (4.175.591.711 ) Salary growth rate

30 April 2017 / April 30, 2017




Assumptions


Assumptions


Assumptions







Assumptions


Assumptions


Assumptions









57

19. LIABILITAS DIESTIMASI ATAS IMBALAN KERJA KARYAWAN (lanjutan)

19. ESTIMATED LIABILITIES FOR EMPLOYEES’ BENEFITS (continued)





Assumptions


Assumptions


Assumptions







Assumptions


Assumptions


Assumptions



20. MODAL SAHAM 20. SHARE CAPITAL

Rincian pemegang saham pada tanggal 30 April 2018, 31 Desember 2017, 2016 dan 2015 adalah sebagai berikut:

The composition of shareholders as of April 30, 2018, December 31, 2017, 2016 and 2015 is as follows:

30 April 2018 / April 30, 2018

Pemegang Saham

Jumlah Saham Ditempatkan dan Disetor Penuh /

Total Issued and Fully Paid

Persentase Kepemilikan (%) /

Percentage of Ownership

Jumlah (Rp) / Total (Rp) Shareholders

PT Puragraha Dianpertiwi 20.575 41,15% 20.575.000.000 PT Puragraha Dianpertiwi PT Nusantara Suryamukti 16.925 33,85% 16.925.000.000 PT Nusantara Suryamukti PT Inlife 12.500 25,00% 12.500.000.000 PT Inlife

Jumlah 50.000 100% 50.000.000.000 Total

31 Desember 2017, 2016 dan 2015 / December 31, 2017, 2016 and 2015

Pemegang Saham

Jumlah Saham Ditempatkan dan Disetor Penuh /

Total Issued and Fully Paid

Persentase Kepemilikan (%) /

Percentage of Ownership

Jumlah (Rp) / Total (Rp) Shareholders

PT Nusantara Suryamukti 825 75% 825.000.000 PT Nusantara Suryamukti PT Inlife 275 25% 275.000.000 PT Inlife

Jumlah 1.100 100% 1.100.000.000 Total

Berdasarkan Akta Notaris Yulia, S.H., No. 105 tanggal 17 April 2018 yang telah disetujui oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dalam Penerimaan Pemberitahuan Perubahan Anggaran Dasar No. AHU-0008771.AH.01.02 Tahun 2018, telah dinyatakan: 1. Menyetujui pembagian dividen saham sebesar

Rp 21.466.000.000 kepada para pemegang saham yang akan dibagikan sesuai dengan proporsi masing-masing dengan rincian berikut: a. sejumlah Rp 16.100.000.000 untuk

PT Nusantara Suryamukti. b. sejumlah Rp 5.366.000.000 untuk

PT Inlife.

Based on Notarial Deed of Yulia, S.H., No. 105 dated April 17, 2018 which was approved by the Minister of Law and Human Rights of the Republic of Indonesia in Acceptance Notice Amendment of Articles Association No. AHU-0008771.AH.01.02 Year 2018, the Company has declared: 1. Approved total share dividend amounted to

Rp 21,466,000,000 for shareholders to be distributed in accordance with their respective proportions with the following details: a. Amounted to Rp 16,100,000,000 for

PT Nusantara Suryamukti. b. Amounted to Rp 5,366,000,000 for

PT Inlife.







58

20. MODAL SAHAM (lanjutan) 20. SHARE CAPITAL (continued)

2. Terkait dengan pembagian dividen saham, Perusahaan menyetujui PT Nusantara Suryamukti dan PT Inlife untuk mengambil sebagian saham baru yang dikeluarkan oleh Perusahaan masing-masing senilai 16.100 saham atau sebesar Rp 16.100.000.000 dan 5.366 saham atau sebesar Rp 5.366.000.000.

3. Menyetujui penerbitan 27.434 saham baru atau sebesar Rp 27.434.000.000 yang akan diambil bagian oleh: a. PT Puragraha Dianpertiwi sejumlah 20.575

saham atau sebesar Rp 20.575.000.000. b. PT Inlife sejumlah 6.859 saham atau

sebesar Rp 6.859.000.000.

4. Menyetujui peningkatan modal dasar, ditempatkan dan disetor Perusahaan dari 1.100 saham atau sebesar Rp 1.100.000.000 menjadi 50.000 saham atau sebesar Rp 50.000.000.000.

2. In accordance with share dividend, the Company approved PT Nusantara Suryamukti and PT Inlife to take a portion of new shares issued by the Company amounted to 16,100 shares or Rp 16,100,000,000 and 5,366 shares or Rp 5,366,000,000, respectively.

3. Approved the issuance of 27,434 new shares or amounted to Rp 27,434,000,000 which will be taken part by: a. PT Puragraha Dianpertiwi amounted to

20,575 shares or Rp 20,575,000,000. b. PT Inlife amounted to 6,859 shares or

Rp 6,859,000,000.

4. Approved the increase in authorized, issued and paid-in capital of the Company from 1,100 shares or amounted to Rp 1,100,000,000 to 50,000 shares or amounted to Rp 50,000,000,000.

Penggunaan dana atas penerbitan saham baru digunakan oleh Perusahaan untuk penyertaan dan akuisisi Entitas Anak.

The funds from the issuance of new shares are used by the Company for investment and acquisition of Subsidiaries.

Pengelolaan Modal Capital Management

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

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

Grup mengelola struktur permodalan dan melakukan penyesuaian, berdasarkan perubahan kondisi ekonomi. Untuk memelihara dan menyesuaikan struktur permodalan, Grup dapat menyesuaikan pembayaran dividen kepada pemegang saham, imbalan modal kepada pemegang saham atau menerbitkan saham baru.

The Group manages its capital structure and makes adjustments to it, in line of changes in economic conditions. To maintain or adjust the capital structure, the Groups may adjust the dividend payment to shareholders, return capital to shareholders or issue new shares.

Grup mengawasi modal dengan menggunakan rasio pengungkit (gearing ratio), dengan membagi utang bersih dengan jumlah modal.

The Group monitors its capital using gearing ratio, by dividing net debt with the total capital.

Utang bersih dihitung sebagai seluruh akun utang kecuali utang pajak dikurangi kas dan setara kas. Jumlah modal dihitung sebagai ekuitas seperti yang disajikan dalam laporan posisi keuangan konsolidasian.

Net debt is calculated as all of payables account except taxes payable less cash and cash equivalents. The total capital is calculated as equity as shown in the consolidated statements of financial position.

Perhitungan rasio pengungkit adalah sebagai berikut: The computation of gearing ratio is a follows:

30 April 2018 / April 30, 2018


2017


2016


31, 2015

Jumlah utang 128.777.634.988 117.551.012.319 127.597.641.745 130.988.177.282 Total payables Dikurangi kas dan

setara kas

38.967.144.699 27.414.562.421 27.537.901.392

19.715.898.099 Less cash and cash

Equivalents

Utang bersih 89.810.490.289 90.136.449.898 100.059.740.353 111.272.279.183 Net debt Jumlah ekuitas 41.373.829.223 40.178.936.384 25.536.884.855 38.267.622.104 Total equity

Rasio utang terhadap modal

2,17 2,24 3,92

2,90 Gearing ratio







59

21. PENDAPATAN BERSIH 21. NET REVENUES

Rincian pendapatan bersih adalah sebagai berikut: The detail of net revenues is as follows:



Unaudited)

2017 (Satu Tahun /

One Year)

2016 (Satu Tahun /

One Year)

2015 (Satu Tahun /

One Year)

Jasa keamanan

44.874.378.845

41.861.084.305

124.627.665.550

136.359.062.774

139.048.559.433

Security services Jasa penyedia

sumber daya manusia

40.928.790.690

54.039.900.086

158.934.785.618

143.404.855.130

104.842.093.147

Human resource

Provider Jasa kebersihan 97.950.021.345 99.625.147.757 313.528.050.503 286.274.323.871 291.250.591.578 Cleaning services Jasa parker 6.967.646.534 7.213.625.880 20.534.094.681 28.135.738.869 33.590.502.141 Parking services Lain-lain 818.000.000 1.027.325.452 2.454.000.000 2.561.000.000 6.207.592.176 Others

Jumlah

191.538.837.414

203.767.083.480

620.078.596.352

596.734.980.644

574.939.338.475

Total

Untuk periode empat bulan yang terakhir pada tanggal-tanggal 30 April 2018 dan 2017 serta untuk tahun yang berakhir pada tanggal-tanggal 31 Desember 2017 dan 2016, pendapatan dari satu pihak tertentu dengan nilai penjualan kumulatif yang melebihi 10% dari jumlah pendapatan bersih adalah sebagai berikut:

For the four-months period ended April 30, 2018 and 2017 and for the years ended December 31, 2017 and 2016, revenues from one particular party with cumulative sales value exceeding 10% of the total net income are as follows :



Unaudited)

2017 (Satu Tahun /

One Year)

2016 (Satu Tahun /

One Year)

2015 (Satu Tahun /

One Year)

PT Smartfren Telecom Tbk

14,5%

-

-

-

-

PT Smartfren Telecom Tbk

PT Distribusi Sentra Jaya

-

16,3%

12,4%

14,4%

-


Jumlah

14,5%

16,3%

12,4%

14,4%

-

Total

22. BEBAN POKOK PENDAPATAN 22. COST OF REVENUES

Rincian beban pokok pendapatan berdasarkan bidang usaha adalah sebagai berikut:

The detail of cost of revenues classified based on line of business is as follows:


2017 Disajikan Kembali / As Restated


(Empat Bulan / Four Months) Tidak diaudit /

unaudit)

2017 (Satu Tahun /

One Year)

2016 (Satu Tahun /

One Year)

2015 (Satu Tahun /

One Year)

Jasa kebersihan

82.863.955.902

84.751.040.002

255.497.825.978

238.341.641.609

235.672.116.697 Cleaning

services Jasa penyedia

sumber daya manusia

37.751.300.868

51.372.213.764

135.807.324.226

138.950.617.104

90.055.332.143

Human resource

Provider

Jasa keamanan

39.627.726.923

36.653.120.028

113.443.660.323

115.308.037.325

121.787.651.788 Security

services

Jasa parkir

6.250.151.851

6.549.136.981

18.387.517.595

23.358.188.350

26.248.107.477 Parking

services

Jumlah

166.493.135.544

179.325.510.775

523.136.328.122

515.958.484.388

473.763.208.105

Total

Berdasarkan rincian Based on details




unaudit)

2017 (Satu Tahun /

One Year)

2016 (Satu Tahun /

One Year)

2015 (Satu Tahun /

One Year)

Beban tenaga kerja

129.787.902.798 136.030.452.506 404.002.347.174 373.246.212.415 361.463.103.834

Labor expense Beban tenaga kerja

proyek

26.258.667.293 31.158.080.143 91.741.084.080 99.252.235.397 73.409.976.733 Project workload

expense







60

22. BEBAN POKOK PENDAPATAN (lanjutan) 22. COST OF REVENUES (continued)

Berdasarkan rincian (lanjutan) Based on details (continued)




unaudit)

2017 (Satu Tahun /

One Year)

2016 (Satu Tahun /

One Year)

2015 (Satu Tahun /

One Year)

Beban perlengkapan, seragam dan penunjang operasional

8.320.414.205 8.747.454.223 18.151.686.864 27.652.301.891 23.006.281.581

Supplies, uniforms and operational

support expense

Beban perijinan, koordinasi dan jasa profesional

533.820.000 418.125.150 1.924.306.524 2.061.446.436 3.480.747.985

Permit, coordination

and professional services expense

Beban penyusutan (lihat Catatan 12)

529.875.080 489.188.892 1.659.915.264 2.789.862.884 2.292.981.048

Depreciation expense (see

Note 12)

Beban kendaraan, transportasi dan perjalanan dinas

397.355.628 542.545.620 1.618.275.995 1.894.235.248 2.924.472.004

Vehicle, transportation

and travel services expense

Beban ATK, fotokopi, pengiriman dan rumah tangga

249.177.527 368.463.926 828.294.102 1.116.736.619 1.200.521.161

ATK, photocopy, shipping and

household expense

Beban amortisasi

158.275.376 433.958.289 771.640.015 1.364.052.236 1.851.154.331 Amortization

expense Beban pendukung

proyek

117.765.876 744.776.082 1.516.111.103 5.194.055.927 3.229.308.170 Project support

expense

Beban gedung dan komunikasi

81.962.609 27.615.839 208.184.077 109.496.371 161.253.370

Building and communication

expense Beban rekruitmen,

pendidikan dan pelatihan karyawan

56.820.152 361.199.805 702.703.276 1.187.555.464 388.775.774

Recruitment, education and

employee training expense

Beban pemasaran dan penjualan

1.099.000 3.650.300 8.261.388 89.641.405 354.632.114

Marketing and selling expense

Beban pajak - - 3.518.260 652.095 - Tax expense

Jumlah

166.493.135.544 179.325.510.775 523.136.328.122 515.958.484.388 473.763.208.105

Total

Pada periode 2018, dan 2017 serta pada tahun 2018, 2017, 2016 dan 2015, tidak terdapat pembelian kepada pihak tertentu yang melebihi 10% dari jumlah beban pokok pendapatan.

For the periods 2018 and 2017 and for the years, 2017, 2016 and 2015, there is no purchases from certain parties which exceeded 10% of the total cost of revenues.

23. BEBAN UMUM DAN ADMINISTRASI 23. GENERAL AND ADMINISTRATIVE EXPENSES

Berdasarkan rincian Based on details




unaudit)

2017 (Satu Tahun /

One Year)

2016 (Satu Tahun /

One Year)

2015 (Satu Tahun /

One Year)

Beban tenaga kerja

13.160.118.442

14.052.706.297 37.875.436.100

50.239.383.078

52.202.842.009

Labor expense

Beban gedung dan komunikasi

1.878.714.613

3.008.728.923

7.353.250.293

7.200.208.012

9.455.497.328

Building and communication

expense

Beban kendaraan, transportasi dan perjalanan dinas

1.486.996.946

1.599.003.374

2.639.686.874 4.771.115.284 5.781.810.627

Vehicle, transportation

and travel services expense

Beban perijinan, koordinasi dan jasa profesional

1.366.286.884

1.956.070.469

13.781.471.142

2.226.070.930

6.472.176.084

Permit, coordination

and professional

services expense







61

23. BEBAN UMUM DAN ADMINISTRASI (lanjutan) 23. GENERAL AND ADMINISTRATIVE EXPENSES (continued)

Berdasarkan rincian (lanjutan) Based on details (continued)




unaudit)

2017 (Satu Tahun /

One Year)

2016 (Satu Tahun /

One Year)

2015 (Satu Tahun /

One Year)

Beban penyusutan (lihat Catatan 12)

1.074.209.563

1.396.540.473

3.931.511.916

3.143.311.264

3.465.718.967

Depreciation expense (see

Note 12) Beban ATK,

fotokopi, pengiriman dan rumah tangga

504.075.673

588.633.810

1.664.244.934 2.104.330.629 2.119.089.176

ATK, photocopy, shipping and

household expense

Beban perlengkapan, seragam dan penunjang operasional lainnya

301.330.565

321.262.212

1.204.685.742 1.183.563.376 2.079.090.414

Supplies, uniforms and operational support expense

Beban imbalan kerja (lihat Catatan 19)

249.235.980

454.871.233

809.312.733 899.223.052 1.128.965.491

Employee benefit expense

(see Note 19)

Beban amortisasi

217.517.562

328.825.962

910.301.276

942.012.095

547.058.252 Amortization

expenses Beban rekrutmen,

pendidikan dan pelatihan karyawan

119.638.000

18.623.398

299.562.150 607.114.508 470.577.200

Recruitment, education and

employee training expense

Beban pendukung operasional

-

42.697.352

- 184.209.433 Operational

support load Beban pajak - - 2.289.381.482 330.782.478 49.069.879 Tax expense Beban lain-lain 7.694.900 5.255.800 (3.424.456 ) (201.143.734 ) (254.173.535 ) Others expense

Jumlah

20.365.819.128

23.773.219.303

72.755.420.186

73.630.180.405

83.517.721.892

Total



2017 (Tidak

Diaudit/ Unaudited)

2017


2016 (Satu Tahun /

One Year)

2015


Jasa kebersihan 11.466.786.671 11.138.748.179 31.231.162.067 40.438.730.788 45.532.359.406 Cleaning services

Jasa keamanan

5.828.300.312

7.435.202.314

19.648.655.715

17.754.105.886

14.796.449.548

Security services Jasa parkir 1.069.346.398 1.862.324.970 3.870.462.335 7.375.520.474 7.988.796.056 Parking services Jasa penyedia

sumber daya manusia

1.012.540.201

2.174.590.320

14.330.882.555

3.191.535.841

9.871.990.941

Human resource

Provider Lain-lain 988.845.546 1.162.353.520 3.674.257.514 4.870.287.416 5.328.125.941 Others

Jumlah

20.365.819.128

23.773.219.303

72.755.420.186

73.630.180.405

83.517.721.892

Total

24. BEBAN KEUANGAN 24. FINANCE COSTS

Rincian beban keuangan adalah sebagai berikut: The details of finance costs are as follows:

2018 (Empat

Bulan/ Four Months)

2017 (Tidak

Diaudit/ Unaudited)

2017


2016 (Satu Tahun /

One Year)

2015


Biaya bunga pinjaman

3.976.929.836

4.725.218.245 14.176.166.863 16.214.616.626 15.004.552.043

Loan interest Expenses

Administrasi bank 114.263.319 123.846.040 594.265.803 603.309.887 414.257.159 Bank charge

Biaya provisi, administrasi dan jasa

36.834.866

38.733.981 411.959.173 589.398.472 515.581.966

Provision, administration, and service expense

Biaya pajak jasa giro

8.189.708

6.087.266 23.728.895 24.463.286 27.767.289

Tax interest Income

Jumlah 4.136.217.729 4.893.885.532 15.206.120.734 17.431.788.271 15.962.158.457 Total







62

25. PENDAPATAN (BEBAN) LAIN-LAIN 25. OTHER INCOME (EXPENSE) Rincian pendapatan lain-lain adalah sebagai berikut: The details of other income are as follows:

2018 (Empat

Bulan/ Four Months)

2017 (Empat

Bulan/ Four Months) (Tidak

Diaudit/ Unaudited)

2017 (Satu Tahun /

One Year)

2016 (Satu Tahun /

One Year)

2015 (Satu Tahun /

One Year)

Pendapatan seragam

747.891.249

844.178.000 3.894.761.918 1.723.529.977

1.720.905.587

Uniform income

Pendapatan pendidikan

160.470.000

311.336.156 573.030.156 668.825.000

491.933.333

Education income

Laba penjualan aset tetap

- - 177.884.406 131.316.769

280.998.346

Gain on sale fixed assets

Pendapatan lainnya

1.269.294.568

1.180.541.725 5.200.680.109 (1.838.960.545 ) 2.498.614.312

Other income

Jumlah 2.177.655.817 2.336.055.881 9.846.356.589 684.711.201 4.992.451.578 Total

26. LABA (RUGI) BERSIH PER SAHAM DASAR 26. BASIC NET INCOME (LOSS) PER SHARE

Perhitungan laba (rugi) bersih per saham dasar adalah sebagai berikut:

The calculation of basic income (loss) per share is as follows:

2018 (Empat Bulan

/ Four Months)

2017 (Empat

Bulan/ Four Months) (Tidak

Diaudit/ Unaudited)

2017 (Satu Tahun /

One Year)

2016 (Satu Tahun /

One Year)

2015 (Satu Tahun /

One Year)

Laba (rugi) bersih tahun berjalan sebelum efek dari penyesuaian proforma

(269.474.893 ) (2.364.669.627 ) 4.399.496.804 897.360.388

2.994.076.944

Net income (loss) for the year

before effect of proforma adjustments

Jumlah rata-rata tertimbang saham

6.805 1.100 1.100 1.100

1.100

Total weighted

average shares

Jumlah (39.600 ) (2.149.699 ) 3.999.542 815.782 2.721.888 Total

27. SIFAT DAN TRANSAKSI PIHAK BERELASI 27. NATURE OF RELATIONSHIP AND TRANSACTIONS WITH RELATED PARTIES

Hubungan dan transaksi dengan pihak-pihak berelasi adalah sebagai berikut:

The relationship and transactions with related parties are as follows:

a. Saldo dari transaksi-transaksi dengan pihak-pihak

berelasi adalah sebagai berikut:

a. The balances of transactions with related parties

are as follows:

Pihak-pihak Berelasi / Related

Parties

Sifat Relasi / Relationship Sifat Saldo Akun/Transaksi / Nature of

Account Balances/Transactions

PT Inlife Kesamaan manajemen /

similar management Piutang lain-lain / other receivables

PT Puragraha Dianpertiwi Kesamaan manajemen /

similar management

Piutang lain-lain / other receivables

PT Human Resources Provider Kesamaan manajemen /

similar management Piutang lain-lain dan utang lain-lain / other

receivables and other payables







63

27. SIFAT DAN TRANSAKSI PIHAK BERELASI (lanjutan)

27. NATURE OF RELATIONSHIP AND TRANSACTIONS WITH RELATED PARTIES (continued)

b. Saldo dari transaksi-transaksi dengan pihak-pihak

berelasi adalah sebagai berikut:

b. The balances of transactions with related parties

are as follows:

30 April 2018 / April

30, 2018 31 Desember 2017 / December 31, 2017



2015

Piutang lain-lain Other receivables PT Puragraha

Dian pertiwi

1.737.500.000

1.737.500.000

1.737.500.000

1.737.500.000 PT Puragraha

Dianpertiwi PT Inlife 512.500.000 512.500.000 512.500.000 512.500.000 PT Inlife PT Human

Resource Provider

13.276.811.260

14.223.030.971

11.586.932.703

5.432.327.744

PT Human Resource

Provider

Jumlah 15.526.811.260 16.473.030.971 13.836.932.703 7.682.327.744 Total

Persentase terhadap jumlah aset

8,42%

9,75%

8,31%

4,28%

Percentage to total

Assets

Utang lain-lain Other payables PT Human

Resources Provider

2.068.325.160

1.373.194.487

-

4.411.814.589

PT Human Resources Provider

Persentase terhadap jumlah liabilitas

14,47%

1,06%

-

3,09%

Percentage to total

liabilities

28. INSTRUMEN KEUANGAN 28. FINANCIAL INSTRUMENTS

Berikut ini adalah nilai tercatat dan estimasi nilai wajar atas aset dan liabilitas keuangan Grup:

The following are the carrying values and estimated fair values of financial assets and financial liabilities of the Group:

30 April 2018 / April 30, 2018

Nilai Tercatat / Carrying Value

Nilai Wajar / Estimated Fair Value

Aset Keuangan Financial Assets Kas dan setara kas 38.967.144.699 38.967.144.699 Cash and cash equivalents Piutang usaha 55.421.686.480 55.421.686.480 Trade receivables Piutang lain-lain 20.330.319.772 20.330.319.772 Other receivables Aset lain-lain 1.350.743.049 1.350.743.049 Other assets

Jumlah Aset Keuangan 116.069.894.000 116.069.894.000 Total Financial Assets

Liabilitas Keuangan Financial Liabilities Utang usaha 3.105.999.217 3.105.999.217 Trade payables Utang lain-lain 5.867.752.821 5.867.752.821 Other payables Beban masih harus dibayar 39.672.357.243 39.672.357.243 Accrued expenses Utang bank 45.781.583.000 45.781.583.000 Bank loan Utang pembiayaan konsumen 34.349.918.425 34.349.918.425 Consumer financing payables

Jumlah Liabilitas Keuangan 128.777.610.706 128.777.610.706 Total Financial Liabilities




Aset Keuangan Financial Assets Kas dan setara kas 27.414.562.421 27.414.562.421 Cash and cash equivalents Piutang usaha 52.696.047.374 52.696.047.374 Trade receivables Piutang lain-lain 21.229.556.266 21.229.556.266 Other receivables Aset lain-lain 1.533.362.926 1.533.362.926 Other assets








64

28. INSTRUMEN KEUANGAN (lanjutan) 28. FINANCIAL INSTRUMENTS (continued)

31 Desember 2017 / December 31, 2017 (lanjutan / continued)

Liabilitas Keuangan Financial Liabilities Utang usaha 3.499.280.268 3.499.280.268 Trade payables Utang lain-lain 5.361.653.387 5.361.653.387 Other payables Beban masih harus dibayar 27.068.453.038 27.068.453.038 Accrued expenses Utang bank 45.256.665.000 45.256.665.000 Bank loan Utang pembiayaan konsumen 36.364.960.627 36.364.960.627 Consumer financing payables





Aset Keuangan

Financial Assets

Kas dan setara kas 27.537.901.392 27.537.901.392 Cash and cash equivalents Piutang usaha 48.696.829.536 48.696.829.536 Trade receivables Piutang lain-lain 17.849.763.854 17.849.763.854 Other receivables Aset lain-lain 2.705.928.759 2.705.928.759 Other assets


Liabilitas Keuangan Financial Liabilities Utang usaha 5.334.997.559 5.334.997.559 Trade payables Utang lain-lain 5.528.871.947 5.528.871.947 Other payables Beban masih harus dibayar 22.141.383.658 22.141.383.658 Accrued expenses Utang bank 48.955.732.000 48.955.732.000 Bank loans Utang pembiayaan konsumen 45.636.656.581 45.636.656.581 Consumer financing payables





Aset Keuangan

Financial Assets

Kas dan setara kas 19.715.898.099 19.715.898.099 Cash and cash equivalents Piutang usaha 71.189.393.652 71.189.393.652 Trade receivables

Piutang lain-lain 14.729.267.536 14.729.267.536 Other receivables

Aset lain-lain 1.797.096.754 1.797.096.754 Other assets


Liabilitas Keuangan Financial Liabilities Utang usaha 13.374.420.564 13.374.420.564 Trade payables Utang lain-lain 9.353.052.374 9.353.052.374 Other payables Beban masih harus dibayar 22.050.760.365 22.050.760.365 Accrued expenses Utang bank 51.971.880.224 51.971.880.224 Bank loans Utang pembiayaan konsumen 47.352.458.095 47.352.458.095 Consumer financing payables


Metode dan asumsi yang digunakan oleh Grup untuk

mengestimasi nilai wajar instrumen keuangan adalah sebagai berikut:

The method and assumptions used by the Group to estimate the fair values of financial instruments are as follows:

- Nilai tercatat dari kas dan setara kas, piutang

usaha dan piutang lain-lain telah mendekati nilai wajarnya karena sifat dari transaksi adalah jangka pendek.

- The carrying amounts of cash and cash equiqment, trade receivables and other receivables approximate their fair values due to short-term nature of the transactions.







65

28. INSTRUMEN KEUANGAN (lanjutan) 28. FINANCIAL INSTRUMENTS (continued)

- Nilai tercatat utang usaha, utang lain-lain dan beban masih harus dibayar mendekati nilai tercatat karena jangka waktu yang singkat atas instrumen keuangan tersebut.

- The carrying amounts of trade payables, other payables and accrued expenses and approximate their fair values due to short term nature of transactions.

- Nilai tercatat utang bank dan utang pembiayaan konsumen diperkirakan sebagai nilai kini dari seluruh arus kas masa depan yang didiskontokan menggunakan tingkat bunga saat ini untuk instrumen dan persyaratan yang sama, risiko kredit dan jatuh tempo yang sama.

- The fair values of fixed interest bearing bank loans and consumer financing payables are estimated as the present value of all future cash flows discounted using rates currently available for instruments on similar terms, credit risk and remaining maturities.

29. KEBIJAKAN DAN TUJUAN MANAJEMEN RISIKO KEUANGAN

29. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES

a. Risiko Suku Bunga a. Interest Risk

Risiko suku bunga adalah risiko di mana nilai wajar atau arus kas masa datang dari suatu instrumen keuangan akan berfluktuasi akibat perubahan suku bunga pasar. Risiko ini sebagian besar timbul dari pinjaman bank.

Interest rate risk is the risk that the fair value of future cash flows of financial instruments will fluctuate due to the changes in market interest rate. The Group’s exposure in the risk mainly arises from the bank loans.

Risiko tingkat suku bunga Grup terutama timbul dari pinjaman untuk tujuan modal kerja dan investasi. Pinjaman pada berbagai tingkat suku bunga variabel menyebabkan Grup memiliki risiko terhadap nilai wajar risiko tingkat suku bunga.

The Group interest rate risk mainly arises from loans for working capital and investment. Loans at variable interest rates exposed the Group to fair value interest rate risk.

Untuk meminimalkan risiko suku bunga, manajemen menelaah berbagai suku bunga yang ditawarkan kreditur untuk mendapatakan suku bunga yang paling menguntungkan sebelum melakukan perikatan utang.

To minimize the interst rate risk, the management reviews all interst rete offered by creditors to obtain the most profitable interest rate before obtaining the loans.

30 April 2018 /

April 30, 2018

31 Desember 2017 /

December 31, 2017

Kenaikan dalam

basis poin/

Increase in basis

points

Dampak pada

Laba atau Rugi/

Effect on Profit or

Loss

Kenaikan dalam

basis poin/

Increase in basis

points

Dampak pada

Laba atau Rugi/

Effect on Profit or

Loss

Utang bank

100 (127.145.874 ) 100 (448.520.191

) Bank loan

Utang pembiayaan

konsumen

100 (114.985.651 )

100 (385.974.463

)

Consumer

financing payable

31 Desember 2016 /

December 31, 2016

31 Desember 2015 /

December 31, 2015

Kenaikan dalam

basis poin/

Increase in basis

points

Dampak pada

Laba atau Rugi/

Effect on Profit or

Loss

Kenaikan dalam

basis poin/

Increase in basis

points

Dampak pada

Laba atau Rugi/

Effect on Profit or

Loss

Utang bank

100 (468.855.111 ) 100 (531.719.309

) Bank loan

Utang pembiayaan

konsumen

100 (510.099.443 )

100 (389.358.211

)

Consumer

financing payable







66

29. KEBIJAKAN DAN TUJUAN MANAJEMEN RISIKO KEUANGAN (lanjutan)

29. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (continued)

b. Risiko Kredit b. Credit Risk

Risiko kredit adalah risiko bahwa pihak lain tidak dapat memenuhi kewajiban atas suatu instrumen keuangan atau kontrak pelanggan, yang menyebabkan kerugian keuangan. Tujuan Grup adalah untuk mencapai pertumbuhan pendapatan yang berkelanjutan seraya meminimalkan kerugian yang timbul atas eksposur peningkatan risiko kredit.

Credit risk is the risk that counterparty will not meet its obligations under a financial instrument or customer contract, leading to a financial loss. The Group objective is to seek continual revenue growth while minimizing losses incurred due to increased credit risk exposure.

Grup melakukan transaksi penjualan hanya dengan pihak ketiga yang memiliki nama baik dan terpercaya. Kebijakan Grup mengatur bahwa seluruh pelanggan yang akan melakukan transaksi penjualan secara kredit harus melalui proses verifikasi kredit. Selain itu, saldo piutang dipantau secara terus menerus dengan tujuan untuk memastikan bahwa eksposur Grup terhadap risiko kredit macet tidak signifikan.

The Group trades only with recognized and creditworthy third parties. It is the group policy that all customers who wish to trade on credit terms are subject to credit verification procedures. In addition, receivable balances are monitored on an ongoing basis with the objective that the Group’s exposure to bad debts is not significant.

Eksposur maksimum untuk risiko kredit adalah sebesar jumlah tercatat dari setiap jenis aset keuangan di dalam laporan posisi keuangan. Grup tidak memiliki jaminan secara khusus atas aset keuangan tersebut.

The maximum exposure to credit risk is represented by the carrying amount of each class of financial assets in the statement of financial position. The Group does not hold any collateral as security.

Pada 30 April 2018, 31 Desember 2017, 2016 dan 2015, kualitas kredit setiap kelas dari aset keuangan berdasarkan penilaian Grup adalah sebagai berikut:

As of April 30, 2018, December 31, 2017, 2016 and 2015, the credit quality per class of financial assets based on the Group’s rating is as follows:

30 April 2018 / April 30, 2018

Belum jatuh tempo atau penurunan nilai / Neither past due nor

impaired

Lewat jatuh tempo belum mengalami

penurunan nilai / Past due but not impaired

Pencadangan / Allowance

Jumlah /

Total

Kas dan setara kas 38.967.144.699 - - 38.967.144.699 Cash and cash

equivalents

Piutang usaha 32.308.407.073 23.372.430.538 (259.151.131 ) 55.421.686.480 Trade receivables

Piutang lain-lain 20.330.319.772 - - 20.330.319.772 Other receivables

Aset lain-lain 1.350.743.049 - - 1.350.743.049 Other asset

Jumlah 92.956.614.593 23.372.430.538 (259.151.131 ) 116.069.894.000 Total



impaired




Jumlah /

Total

Kas dan setara kas 27.414.562.421 - - 27.414.562.421 Cash and cash Equivalents




Jumlah 82.117.098.067 21.015.582.051 (259.151.131 ) 102.873.528.987 Total



impaired




Jumlah /

Total


equivalents




Jumlah 78.649.668.766 18.399.905.906 (259.151.131 ) 96.790.423.541 Total







67

29. KEBIJAKAN DAN TUJUAN MANAJEMEN RISIKO KEUANGAN (lanjutan)

29. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (continued)



impaired




Jumlah /

Total


equivalents




Jumlah 76.479.118.941 31.211.688.231 (259.151.131 ) 107.431.656.041 Total

Piutang usaha yang belum jatuh tempo dan tidak

mengalami penurunan nilai berasal dari debitor yang melakukan pembayaran tepat waktu. Kas dan bank ditempatkan pada lembaga keuangan yang resmi dan memiliki reputasi baik.

Trade receivables that are neither past due nor impaired are with creditworthy debtors with good payment record with the Group. Cash on hand and in banks are placed with reputable financial institutions.

c. Risiko Likuiditas c. Liquidity Risk

Risiko likuiditas adalah risiko bahwa Grup akan

kesulitan untuk memenuhi liabilitas keuangannya akibat kekurangan dana. Eksposur Grup atas risiko likuiditas pada umumnya timbul dari ketidaksesuaian profil jatuh tempo antara aset dan liabilitas keuangan.

Liquidity risk is the risk that the Group will encounter difficulty in meeting financial obligations due to shortage of funds. The Group exposure to liquidity risk arises primarily from mismatch of the maturities of financial assets and liabilities.

Pada tanggal 30 April 2018, 31 Desember 2017,

2016 dan 2015, liabilitas keuangan Perusahaan berdasarkan pembayaran kontraktual yang tidak didiskontokan memiliki profil jatuh tempo kurang dari satu tahun.

As of April 30, 2018, December 31, 2017, 2016 and 2015, the undiscounted contractual payments of the Company’s financial liabilities have maturity profile less than one year.

30. INFORMASI SEGMEN 30. SEGMENT INFORMATION

Grup melaporkan segmen-segmen berdasarkan PSAK 5 berdasarkan divisi-divisi operasi sebagai berikut:

The Group report segments under PSAK 5 are based on their operating divisions as follows:

i. Jasa keamanan ii. Jasa kebersihan iii. Jasa penyedia sumber daya manusia iv. Jasa parkir v. Lain-lain

1. Security services 2. Cleaning services 3. Human resource provider 4. Parking services 5. Others

PT SHIELD ON SERVICE Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Pada Tanggal 30 April 2018 Dan 31 Desember 2017 Untuk Periode Empat Bulan Yang Berakhir Pada Tanggal 30 April 2018 Serta Untuk Tahun Yang Berakhir Pada Tanggal 31 Desember 2017 (Disajikan dalam Rupiah, kecuali dinyatakan lain)






68

30. INFORMASI SEGMEN (lanjutan) 30. SEGMENT INFORMATION (continued)

30 April 2018 / April 30, 2018

Jasa Keamanan / Security service

Penyedia Sumber Daya Manusia /


Jasa Kebersihan / Cleaning service

Jasa Parkir / Parking service

Lain-lain / Others

Jumlah /

Total Eliminasi/

Elimination Konsolidasi/

Consolidation

LAPORAN LABA RUGI DAN PENGHASILAN KOMPREHENSIF LAIN KONSOLIDASIAN

CONSOLIDATED STATEMENT OF

PROFIT OR LOSS AND OTHER

COMPREHENSIVE INCOME

PENDAPATAN USAHA

45.556.378.845

40.928.790.690

97.950.021.345

6.967.646.534

818.000.000

192.220.837.414

682.000.000

191.538.837.414

REVENUES BEBAN POKOK

PENDAPATAN

(39.817.726.923)

(38.061.300.868)

(82.917.955.902)

(6.378.151.851)

-

(167.175.135.544)

(682.000.000)

(166.493.135.544)

COGS OF REVENUES

LABA KOTOR

5.738.651.922

2.867.489.822

15.032.065.443

589.494.683

818.000.000

25.045.701.870

-

25.045.701.870

GROSS PROFIT Beban umum dan

administrasi

(5.828.300.312)

(1.012.540.201)

(11.466.786.671)

(1.069.346.398)

(988.845.546)

(20.365.819.128)

-

(20.365.819.128) General and administrative

expenses

Beban perusahaan

(20.356.624)

(7.492.875)

(180.047.735)

(8.749.525)

(6.531.525)

(223.178.284)

-

(223.178.284)

Marketing expense

Pendapatan bunga

3.844.463

62.276.750

28.157.442

1.782.385

771.523

96.832.563

-

96.832.563

Finance costs Biaya bunga utang

pembiayaan

(1.032.446.938)

-

(838.766.584)

(198.528.202)

-

(2.069.741.724)

-

(2.069.741.724) interest consumer financing

payable expense

Biaya bunga bank

(742.981.834)

(1.359.918)

(1.162.846.360)

-

-

(1.907.188.112)

-

(1.907.188.112)

Interest bank loan expense Biaya Provisi dan credit

admin

(13.801.780)

(12.132.000)

(2.471.586)

-

(8.429.500)

(36.834.866)

-

(36.834.866) Provision and credit

Administration expense

Lain-lain bersih

1.463.936.445

(15.332.332)

805.274.234

41.731.350

64.324.276

2.359.933.973

304.731.184

2.055.202.789

Others - net

Laba sebelum pajak

(431.454.658)

1.880.909.246

2.214.578.183

(643.615.707)

(120.710.772)

2.899.706.293

304.731.184

2.594.975.108

Income before tax LAPORAN POSISI

KEUANGAN KONSOLIDASIAN


FINANCIAL POSITION

Aset Assets

Aset segmen

106.742.972.813

31.396.759.234

104.271.817.374

8.221.677.281

10.843.633.623

261.476.860.325

77.169.447.736

184.307.412.588

Segment assets

Liabilitas Liabilities

Liabilitas segmen

56.789.648.238

24.679.529.122

69.564.322.556

10.742.438.541

583.586.983

162.359.525.440

19.425.966.349

142.933.559.091

Segment liabilities

INFORMASI LAINNYA OTHER INFORMATION

Perolehan aset tetap

15.811.247.291

715.452.149

21.312.814.794

3.217.844.241

7.314.369.009

48.371.727.484 -

48.371.727.484

Acquisition of fixed assets

Penyusutan

13.781.785.216

461.764.420

15.501.806.505

2.449.540.157

6.450.540.976

38.645.437.274 -

38.645.437.274

Depreciation amortization







69


31 Desember 2017, December 31, 2017






Lain-lain / Others

Jumlah /

Total Eliminasi/


Consolidation





PENDAPATAN USAHA

141.073.844.604

158.934.785.618

313.528.050.503

20.534.094.681

2.454.000.000

636.524.775.406

16.446.179.054

620.078.596.352

REVENUES


(113.443.660.323)

(143.197.503.280)

(255.497.825.978)

(18.387.517.596)

-

(530.526.507.176)

(7.390.179.054)

(523.136.328.122)

COGS OF REVENUES

LABA KOTOR

27.630.184.281

15.737.282.338

58.030.224.525

2.146.577.085

2.454.000.000

105.998.268.230

9.056.000.000

96.942.268.230

GROSS PROFIT


(20.266.155.715)

(14.330.882.555)

(37.323.162.067)

(6.254.462.335)

(3.674.257.513)

(81.848.920.186)

(9.093.500.000)

(72.755.420.186)


expenses

Beban pemasaran

(77.199.018)

(13.624.700)

(168.627.895)

(3.970.616)

-

(263.422.229)

-

(263.422.229)

Marketing expenses

Pendapatan bunga

21.967.566

40.077.003

91.356.273

4.053.229

663.075

158.117.146

-

158.117.146

Finance costs

Biaya bunga utang pembiayaan

(3.284.814.268)

-

(2.946.960.801)

(715.765.258)

-

(6.947.540.327)

-

(6.947.540.327)

Interest consumer financing payable

expense

Biaya bunga bank

(2.515.968.823)

(79.552.463)

(4.132.281.585)

-

-

(6.727.802.871)

-

(6.727.802.871) Interest bank loan

expense Biaya Provisi dan

credit admin

(193.800.000)

(35.600.000)

(182.559.173)

-

-

(411.959.173)

-


administration

Lain-lain bersih

12.270.416.210

(76.864.903)

1.796.573.123

2.834.066.702

322.524.098

17.146.715.230

8.459.376.185

8.687.339.045

Others - net

Laba sebelum pajak

13.584.630.233

1.240.834.721

15.164.562.400

(1.989.501.193)

(897.070.340)

27.103.455.821

8.421.876.185

18.681.579.636

Income before tax

LAPORAN POSISI KEUANGAN KONSOLIDASIAN


FINANCIAL POSITION

Aset Assets

Aset segmen

90.277.135.492

30.113.920.005

95.508.219.327

8.269.054.744

10.962.513.972

235.130.843.541

66.325.670.056

168.805.173.485

Segment assets


Liabilitas segmen

51.710.190.163

25.245.359.811

70.159.956.804

15.670.117.850

12.581.756.559

175.367.381.187

46.741.144.119

128.626.237.068

Segment liabilities

INFORMASI LAINNYA

OTHER INFORMATION


15.695.979.791

710.498.049

21.505.935.878

3.188.307.413

7.314.369.009

48.415.090.140 -

48.415.090.140

Acquisition of fixed assets

Penyusutan

13.412.258.159

440.101.531

15.371.934.194

2.320.635.758

6.254.173.149

37.799.102.791 -

37.799.102.791

Depreciation







70


30 April 2017 / April 30, 2017






Lain-lain / Others

Jumlah /

Total Eliminasi/


Consolidation





PENDAPATAN USAHA

41.861.084.305

54.039.900.086

99.625.147.757

7.213.625.880

1.027.325.452

203.767.083.480

-

203.767.083.480 REVENUES


(36.653.120.028)

(51.372.213.764)

(84.751.040.002)

(6.549.136.981)

-

(179.325.510.775)

-

(179.325.510.775)

COGS OF REVENUES

LABA KOTOR

5.207.964.277

2.667.686.322

14.874.107.755

664.488.899

1.027.325.452

24.441.572.705

-

24.441.572.705 GROSS PROFIT


(7.435.202.314)

(722.923.653)

(11.138.748.179)

(1.862.324.970)

(1.162.353.521)

(22.321.552.636)

-

(22.321.552.636)


expenses

Beban penjualan

(14.427.499)

(4.098.100)

(41.354.311)

(3.039.325)

(297.630.615)

(360.549.850)

-

(360.549.850) Selling expense

Pendapatan bunga

7.900.957

4.649.824

31.184.664

1.512.271

112.050

45.359.767

-

45.359.767 Finance costs


(1.087.377.334)

-

(1.236.315.112)

(257.449.543)

-

(2.581.141.988)

-

(2.581.141.988)

interest consumer financing payable expense

Biaya bunga bank

(749.496.860)

(41.873.010)

(1.350.384.841)

-

(2.321.546)

(2.144.076.257)

-



credit admin

-

(35.600.000)

(3.133.981)

-

-

(38.733.981)

-


administration

Lain-lain bersih

2.242.222.477

88.194.488

682.291.427

117.276.769

13.557.908

3.143.543.070

937.420.495

2.206.122.574 Others – net

Laba sebelum pajak

(1.828.416.295)

1.956.035.871

1.817.647.423

(1.339.535.898)

(421.310.272)

184.420.830

937.420.495

(752.999.666) Income before tax



FINANCIAL POSITION

Aset Assets

Aset segmen

79.534.370.783

36.280.850.792

96.313.515.796

9.950.057.599

(1.026.251.215)

221.052.543.755

12.095.422.075

208.957.121.680

Segment assets


Liabilitas segmen

55.054.194.582

30.841.927.577

80.298.937.492

16.887.918.968

117.231.303

183.200.209.922 -

183.200.209.922

Segment liabilities

INFORMASI LAINNYA

OTHER INFORMATION


15.746.699.839

684.728.049

20.754.011.572

3.402.567.426

7.649.622.276

48.237.629.162 -

48.237.629.162 Acquisition of fixed

assets

Penyusutan

12.728.678.540

398.673.976

13.974.965.915

2.254.058.875

6.089.120.764

35.445.498.070 -

35.445.498.070

Depreciation







71


31 Desember 2016, December 31, 2016






Lain-lain / Others

Jumlah /

Total Eliminasi/


Consolidation





PENDAPATAN USAHA

138.490.003.009

143.404.855.130

286.274.323.871

28.135.738.869

2.561.000.000

598.865.920.879

2.130.940.235

596.734.980.644 REVENUES


(115.308.037.325)

(138.950.617.104)

(238.389.581.844)

(23.358.188.350)

-

(516.006.424.623)

(47.940.235)

(515.958.484.388)

COGS OF REVENUES

LABA KOTOR

23.181.965.684

4.454.238.026

47.884.742.027

4.777.550.519

2.561.000.000

82.859.496.256

2.083.000.000

80.776.496.256 GROSS PROFIT


(18.295.355.886)

(3.191.535.841)

(41.522.730.788)

(7.833.270.474)

(4.870.287.416)

(75.713.180.405)

(2.083.000.000)

(73.630.180.405)


expenses

Beban penjualan

(74.938.535)

(14.314.500)

(135.944.235)

(6.443.485)

-

(231.640.755)

-


Pendapatan bunga

44.104.853

14.260.485

123.346.526

4.550.083

700.841

186.962.787

-



(4.002.544.657)

-

(4.306.379.098)

(872.866.212)

-

(9.181.789.967)

-

(9.181.789.967)

interest consumer financing payable expense

Biaya bunga bank

(2.270.502.588)

(208.848.837)

(4.553.475.234)

-

-

(7.032.826.659)

-



credit admin

(175.000.000)

(27.500.000)

(386.898.472)

-

-

(589.398.472)

-


administration

Lain-lain bersih

(9.386.108.283)

64.254.558

(2.882.762.388)

(692.523.502)

30.842.659

(12.866.296.956)

(12.923.234.984)

56.938.027 Others - net

Laba sebelum pajak

(10.978.379.412)

1.090.553.891

(5.780.101.662)

(4.623.003.071)

(2.277.743.916)

(22.568.674.171)

(12.923.234.984) (9.645.439.187) Income before tax



FINANCIAL POSITION

Aset Assets

Aset segmen

76.392.713.656

22.874.495.062

89.623.463.880

10.463.196.264

11.661.426.225

211.015.295.088

44.703.449.433

166.311.845.655

Segment assets


Liabilitas segmen

49.604.905.747

18.858.162.580

77.355.615.627

16.073.278.842

12.383.598.472

174.275.561.269

33.500.600.475

140.774.960.794

Segment liabilities

INFORMASI LAINNYA

OTHER INFORMATION


15.499.691.136

670.128.049

19.862.907.046

3.339.311.690

7.649.622.276

47.021.660.197 -

47.021.660.197 Acquisition of fixed

assets

Penyusutan

12.264.838.451

379.787.923

12.977.443.749

2.116.714.678

5.783.321.854

33.522.106.655 -

33.522.106.655

Depreciation







72








Lain-lain / Others

Jumlah /

Total Eliminasi/


Consolidation





PENDAPATAN USAHA

147.517.192.018

104.842.093.147

291.250.591.578

33.590.502.141

6.207.592.176

583.407.971.060

8.468.632.585

574.939.338.475 REVENUES


(121.787.651.788)

(96.571.239.850)

(235.786.214.457)

(26.376.636.832)

-

(480.521.742.927)

(6.758.534.822)

(473.763.208.105)

COGS OF REVENUES

LABA KOTOR

25.729.540.230

8.270.853.297

55.464.377.121

7.213.865.309

6.207.592.176

102.886.228.133

1.710.097.763

101.176.130.370 GROSS PROFIT


(17.014.576.749)

(7.506.083.234)

(46.713.000.323)

(8.479.659.847)

(5.517.499.499)

(85.230.819.652)

(1.713.097.760)

(83.517.721.892)


expenses

Beban penjualan

(103.514.087)

(9.745.100)

(236.637.434)

(39.754.678)

(17.725.007)

(407.376.306)

-


Pendapatan bunga

47.580.337

10.899.485

145.510.479

8.094.239

758.891

212.843.432

-



(4.142.559.226)

-

(2.413.722.194)

(452.166.378)

-

(7.008.447.798)

-

(7.008.447.798)

interest consumer financing payable

expense

Biaya bunga bank

(2.681.322.428)

(309.738.201)

(4.984.729.011)

-

-

(7.975.789.640)

-



credit admin

(100.000.000)

(36.700.000)

(313.881.966)

(65.000.000)

-

(515.581.966)

-


administration

Lain-lain bersih

3.330.952.014

163.382.882

(35.960.420)

1.545.301.365

240.576.497

5.244.252.339

714.139.815

4.530.112.524 Others - net

Laba sebelum pajak

5.066.100.093

582.869.129

911.956.252

(269.319.990)

913.703.059

7.205.308.542

711.139.818

6.494.168.724,54 Income before tax



FINANCIAL POSITION

Aset Assets

Aset segmen

108.921.637.006

21.492.983.696

102.982.031.428

15.410.690.245

24.303.043.908

273.110.386.283

74.391.146.338

198.719.239.947 Total consolidated

assets


Liabilitas segmen

69.461.699.618

18.220.471.571

83.653.700.410

16.590.158.868

22.747.472.238

210.673.502.705

50.221.884.868

160.451.617.837

Segment liabilities

INFORMASI LAINNYA

OTHER INFORMATION


14.239.525.760

667.028.049

17.800.192.443

2.536.855.342

7.905.830.609

43.149.432.202 -

43.149.432.202 Acquisition fixed assets

Penyusutan

10.865.173.578

321.223.526

9.953.973.913

1.624.545.974

5.066.378.537

27.831.295.527 -

27.831.295.527

Depreciation







73

31. PERJANJIAN DAN IKATAN PENTING 31. SIGNIFICANT AGREEMENTS AND COMMITMENTS

Perusahaan The Company

Nama Pelanggan / Name of Customer

Tanggal Perjanjian / Date of Agreement

No. Perjanjian / No. Agreement

PT Bumi Sentra Selaras 5 Desember 2017/

December 5, 2017

001/SPK/BSS-SBY/XII/17

PT Sinarmas Cakrawala Persada 9 Oktober 2017/

October 9, 2017

181/OP/CC/BDJ/SCP/IX/2017

PT Smart Tbk 1 November 2017/

November 1, 2017 198/OP/CC/BDJ/SBY/XI/ 2017

Regatta Apartement 29 Desember 2017/

December 29, 2017 003-ADD.VI/SOS-REGATTA- JKT/XII/2017

PT Surya Madistrindo 30 Desember 2017/

December 30, 2017 012/SM-SOS/RO-SMR/XII/ 2017

Ra Residence 1 Mei 2017/

May 1, 2017 002/SOS-RAR-JKT/V/2017

PT Pluit Propertindo 3 November 2017/

November 3, 2017 010/LG-PP/PKS/V/2016

PT Namasindo Plas Abadi 28 April 2017/

April 28, 2017 001/SOS-NPA-SBY/IV/2017

PT Phapros, Tbk 27 Desember 2017/

December 27, 2017 004/SOS-PHAPROS-SMG/XII/2017

PT Gaia Care International 01 Agustus 2017/

August 01, 2017 002-ADD.V/SOS-GCI-JKT/ VIII/2017

PT Kampar Palma Utama 20 Desember 2017/

December 20, 2017 006/SOS-KPU-PKU/XII/ 2017

PT Sindora Seraya 31 Oktober 2017/

October 31, 2017 001/SOS-SS-PKU/X/2017

PT Sorini Towa Berlian Corpindo 29 Desember 2017/

December 29, 2017 002/SOS-STBC-SBY/XII/2017

PT Alam Hijau Lestari 18 September 2017/

September 18, 2017 003-ADD.V/SOS-AHL-JKT/ IX/2017

PT Indolakto 15 Desember 2017/

December 15, 2017 ADM I-307/LGL/PTIL-SDM/ HR&GA-PAN/XII/2017

PT The Service Line PT The Service Line



No. Perjanjian / Agreement Number

PT Bumi Serpong Damai Tbk 1 April 2017 /

April 1, 2017

009-Add1/SPK-ITCBSD/V/ 2016

PT Smartfren Telecom 1 Februari 2017 /

February 1, 2017 034/HR-GA/Smartfren/Add III-TSL/V/17, No. TSL:

009-ADD.III/TSL-ST-JKT/V/2017


1 Februari 2017 / July

1, 2017

No.DISTRA: 011/HR-GA/ DISTRA/AddII-TSL/V/17, No. TSL: 23-ADD.II/TSL-DSJ-JKT/V/2017

PT Jakarta Sinar Intertrade 1 Maret 2017 / Maret

1, 2017

012-Add3/BM-KAWASAN/ V/16

PT Jakarta Sinar Intertrade 1 April 2016 /

April 1, 2016

012/BM-KAWASAN/V/16

PT Perwita Margasakti 1 April 2016 /

April 1, 2016

003-Add1/HK/PMS/VI/ 2016

PT Sinarmas Cakrawala Persada 1 Sept 2017 /

September 1, 2017

136/OP/CC/BDJ/SCP/IV/ 2017

PT Gading Mediterania Residences 1 Januari 2018 /

January 1, 2018

022/GMR-PKS/I/2018







74

31. PERJANJIAN DAN IKATAN PENTING (lanjutan) 31. SIGNIFICANT AGREEMENTS AND COMMITMENTS (continued)

PT The Service Line (lanjutan) PT The Service Line (continued)




PT Gandum Mas Kencana 3 Maret 2017 /

March 3, 2017

005-ADD.II/TSL-GMK-JKT/ IX/2016

PT Bank Central Asia Tbk 1 Januari 2018 /

January 1, 2018

002/PKS-AD/W04/2018

PT Gentamulia Infra 1 Mei 2017 /

May 1, 2017

003-ADD.III/TSL-GI-JKT/IV/ 2017

PT Telogorejo 1 April 2017 /

May 1, 2017

65/DIR-PKS/K/2017

PT Grahalestari Ciptakencana 1 Mei 2017

/ May 1, 2017

128/SPK/GLCK/V/2017

PT Suryamas Centraperkasa 1 Juli 2017

/ July 1, 2017

175/SPK/SC/VI/2017

PT Santos Jaya Abadi 1 Januari 2018 /

January 1, 2018

003/HR&GA-SJA I/XII/ 2017

PT Citraagung Tirtajatim 1 Januari 2018 /

January 1, 2018

00300/PKS/CTJ-SOS/II/ 2018

PT Family Bahagia Sejahtera 1 Sept 2017 /

September 1, 2017

012/TSL-GF-JKT/VIII/2017

PT Prosam Plano 1 Januari 2018 /

January 1, 2018

003/TSL-PP-SBY/XI/2017

PT Railink 1 November 2017 /

November 1, 2017 RL/DIR/PKS/069/XI/2017, No.TSL 001/TSL-

RAILINK- MDN/XI/2017

PT Bank Standart Chartered 1 September 2017 /

September 1, 2017

SCB/SCM/0134/1017

PT Net Mediatama Televisi 1 Januari 2018 /

January 1, 2018 No.PI: 016-ADD.II/TSL-NET- JKT/XII/2017,

No.PII

PT Kievit Indonesia 01 April 2017 /

April 1, 2017

009/TSL-KIEVIT-SMG/III/ 2017

PT Master Parking Indonesia PT Master Parking Indonesia



No. Perjanjian / No. Agreement

PT Bumi Serpong Damai, Tbk

1 Januari 2015 / January 1, 2015

No. 010/ADD/BSD-JUNCTION/ I/2017

PT Sritanaya Megatama


001-ADD.II/MPI-STM-JKT/VI/ 2017

PT Sinarmas Wisesa


001/PSM/SMW-MBB/ADD/I/ 2016

PT Putera Griya Sentosa

1 Februari 2016 / February 1, 2016

001/MPI-PGS-JKT/I/2016

Ruko Galeri Mediterania 2

1 April 2016 / April 1, 2016

003/MPI-GNM-JKT/III/2016

PT Wijaya Pratama Raya

12 Mei 2016 / May 12, 2016

001/SPKB-ADD-I/R&H/DPMALL/ PARK/IV/2017

PT Mekanusa Cipta


011/PKS/LGL/MNC/III/2017

PT Mekanusa Cipta



PT Mekanusa Cipta 1 Januari 2017 /

January 1, 2017

012/PKS/LGL/MNC/III/2017 PT Mekanusa Cipta Ruko



PT Niaga Manajemen Citra 1 Januari 2017 /

January 1, 2017 001-ADD.II/MPI-NMC-JKT/XII/ 2017

PT Indomarco Prismatama 1 Januari 2018 /

January 1, 2018 001/MPI-IP-JKT/XII/2017, 143/CLG-OTH/XII/2017







75

31. PERJANJIAN DAN IKATAN PENTING (lanjutan) 31. SIGNIFICANT AGREEMENTS AND COMMITMENTS (continued)

PT Safe Secured Solution PT Safe Secured Solution




PT United Chemicals Inter Aneka 29 Desember 2017 /

December 29, 2017

002/SSS-UCIA.RES-JKT/XII/2017

PT United Chemicals Inter Aneka 1 Februari 2018 /

February 1, 2018

001/SSS-UCIA-JKT/II/2018

PT Calmic Indonesia


01/SSS-CALMIC-JKT/XIII/2017

PT Rentokil Indonesia 14 Desember 2017 /

December 14, 2017

020/SSS-RENTOKIL-JKT/XII/2017

PT Human Resources Solution PT Human Resources Solution




PT Smartfren Telecom Tbk 1 Januari 2017 /

January 1, 2017

110/HR-Recruitment/Smartfren/ADDII-HRSOL/XII/16

PT Distribusi Sentra Jaya 1 Januari 2017 /

January 1, 2017

109/HR-Recruitment/DISTRA/ADDI-HRSOL/XII/16

PT Inti Bangun Sejahtera


002/HRSOLUTION-IBS/V/2010

Periode berlakunya perikatan perjanjian adalah dari tahun 2017-2019. Dasar kompensasi denda sebesar 1‰ (satu permil) setiap hari keterlambatan pembayaran sanksi yang diberikan Perusahaan yaitu memberhentikan layanan penghargaan bagi wanprestasi.

The period of validity of the agreement is from 2017-2019. The basis for penalty compensation of 1 ‰ (one per annum) per day of late payment of sanctions provided by the Company is to terminate the reward service for default.

32. PERISTIWA SETELAH TANGGAL PELAPORAN 32. EVENTS AFTER THE REPORTING DATE

Pada tanggal 4 Juli 2018 berdasarkan Akta Notaris Yulia, S.H., No. 26, para pemegang saham telah menyetujui perubahan struktur dewan, penambahan modal dasar dan status Perusahaan dari Perusahaan tertutup menjadi perusahaan public (Tbk) melalui penerbitan dan penjualan saham baru, initial public offering (IPO), perubahan nilai nominal menjadi Rp 100, otorisasi kepada Dewan Komisaris, otorisasi kepada Direksi dan persetujuan perubahan terhadap seluruh Anggaran Dasar Perseroan. Pemberitahuan untuk perubahan tersebut telah diterima oleh Menteri Kehakiman dan Hak Asasi Manusia Republik Indonesia dengan Surat Keputusan No. AHU-0013942.AH.01.02.Tahun 2018 tanggal 10 Juli 2018.

On July 4, 2018 based on Notarial Deed No. 26 of Yulia, S.H., the Shareholders have approved the change of the board structure, the increase in authorized capital and the status of the Company from closed Company to public company (Tbk) through the issuance and sale of new shares, initial public offering (IPO), changes in the par value to Rp 100, authorization to the Board of Commissioners, authorization to the Board of Directors and approval of amendments to the entire Articles of Association of the Company. The notification for such amendments was received by the Minister of Justice and Human Rights of the Republic of Indonesia in his Decision Letter No. AHU-0013942.AH.01.02.Tahun 2018 dated July 10, 2018.

Berdasarkan Akta Notaris Yulia, S.H., No. 26 tanggal 4 Juli 2018, para pemegang saham menyetujui peningkatan modal dasar dari Rp 50.000.000.000 menjadi Rp 200.000.000.000, modal dasar perseroan tersebut terbagi atas 2.000.000.000 saham, serta menyetujui perubahan nilai nominal saham dari Rp 1.000.000 menjadi Rp 100, modal dasar tersebut telah ditempatkan dan disetor 25% atau sejumlah Rp 50.000.000.000 yang terbagi atas 500.000.000 saham, yaitu masing-masing Rp 20.575.000.000 oleh PT Puragraha Dianpertiwi, Rp 16.925.000.000 oleh PT Nusantara Suryamukti dan Rp 12.500.000.000 oleh PT Inlife .

Based on Notarial Deed No. Yulia, S.H., No. 26 dated July 4, 2018, the shareholders approved the increase of authorized capital from Rp 50,000,000,000 to Rp 200,000,000,000, the authorized capital of the company consisted of 2,000,000,000 shares, and approved the change in the par value of shares from Rp 1,000,000 to Rp 100, the authorized capital has been placed and paid 25% or Rp 50,000,000,000 divided into 500,000,000 shares, as follow amounting to Rp 20,575,000,000 from PT Puragraha Dianpertiwi, Rp 16,925,000,000 from PT Nusantara Suryamukti and Rp 12,500,000,000 from PT Inlife.







76

32. PERISTIWA SETELAH TANGGAL PELAPORAN (lanjutan)

32. EVENTS AFTER THE REPORTING DATE (continued)

Susunan pengurus Perusahaan pada tanggal 4 Juli

2018 adalah sebagai berikut: The Company’s management as of July 4, 2018

consists of the following:

Dewan Komisaris Board of Commisioners Komisaris Utama : Robby Yulianto : President Commissioner Komisaris : Lily Marjani Pribadi : Commissioner Komisaris Independen : Lucy Ambarini Irwan : Independent Commissioner Dewan Direksi Board of Director Direktur Utama : Herman Julianto : President Director Direktur : Prasetyo Wibowo : Director Direktur independen : Justinus Iwan Sutanto : Independent Director

Berdasarkan Surat Keputusan Dewan Komisaris

No. 017/VII/2018/CorpSec tanggal 4 Juli 2018, Dewan Komisaris Perusahaan mengangka susunan Komite Audit dengan susunan sebagai berikut:

Based on Board of Commissioner Decision Letter No. 017/VII/2018/CorpSec dated July 4, 2018, the Company’s board of commissioner appoints the Audit Committee with the composition as follows:

Ketua : Felicia Yulianto : Chairman

Anggota : Catur Happy

Desliantono S.E. :

Member

Berdasarkan Surat Keputusan Direksi No.014/VII/2018/CorpSec, Corporate Secretary dijabat oleh Fanny Abundan.

Based on Directors’ Decision Letter No.014/VII/2018/CorpSec, the Corporate Secretary position is held by Fanny Abundan.

Berdasarkan surat dari PT Bank Sinarmas Tbk tanggal 28 Agustus 2018 dengan No.SKL.0663/2018/CM/CR-KCU, PT Bank Sinarmas Tbk telah menyetujui untuk mengubah kausal atas negatif kovenan pada perjanjian kredit, yaitu selama fasilitas kredit masih terutang, Grup wajib untuk melakukan pemberitahuan secara tertulis kepada PT Bank Sinarmas Tbk apabila mengubah anggaran dasar dan susunan pengurus.

Based on a letter from PT Bank Sinarmas Tbk dated August 28, 2018 with No.SKL.0663 / 2018 / CM / CR-KCU, PT Bank Sinarmas Tbk has agreed to amended the causal of the negative covenant on the credit agreement, as long as the credit facility is still outstanding, the Group is obliged to make a written notification to PT Bank Sinarmas Tbk if it changes the articles of association and the composition of the board.

33. PENERBITAN PERNYATAAN STANDAR AKUNTANSI KEUANGAN BARU DAN AMANDEMEN SERTA INTERPRETASI STANDAR AKUTANSI KEUANGAN BARU

33. ISSUANCE OF NEW AND AMENDMENTS TO STATEMENTS OF FINANCIAL ACCOUNTING STANDARDS AND INTERPRETATIONS OF FINANCIAL ACCOUNTING STANDARDS

DSAK - IAI telah menerbitkan pernyataan standar

akuntansi keuangan baru dan amandemen dan interpretasi standar akutansi keuangan baru yang akan berlaku efektif atas laporan keuangan konsolidasian untuk periode tahun buku yang dimulai pada atau setelah:

DSAK-IAI has issued the following new and amendments to statements of financial accounting standards and interpretations of financial accounting standards which will be applicable to the consolidated financial statements with annual periods beginning on or after:


ISAK No. 33, “Transaksi Valuta Asing dan Imbalan di Muka”

ISAK No. 33, "Foreign Currency Transactions and Advance Consideration"







77

33. PENERBITAN PERNYATAAN STANDAR AKUNTANSI KEUANGAN BARU DAN AMANDEMEN SERTA INTERPRETASI STANDAR AKUTANSI KEUANGAN BARU (lanjutan)

33. ISSUANCE OF NEW AND AMENDMENTS TO STATEMENTS OF FINANCIAL ACCOUNTING STANDARDS AND INTERPRETATIONS OF FINANCIAL ACCOUNTING STANDARDS (continued)


Amendemen PSAK No. 15, “Investasi pada Entitas Asosiasi dan Ventura Bersama tentang Kepentingan Jangka Panjang Pada Entitas Asosiasi dan Ventura Bersama”

PSAK 71, “ Instrumen Keuangan”

Amendment PSAK No. 15, "Investments in Associates and Joint Ventures: Long-term Interests in Associates and Joint Ventures"

PSAK No. 71, "Financial Instruments" PSAK 72, “Pendapatan dari Kontrak

dengan Pelanggan”

PSAK 73, “Sewa”

PSAK No. 72, "Revenue from Contracts with Customers"

PSAK No. 73, "Leases"

Grup masih mengevaluasi dampak dari pernyataan standar akuntansi keuangan baru dan amandemen dan interprestasi standart akuntansi keuangan baru di atas dan belum dapat menentukan dampak yang timbul terkait dengan hal tersebut terhadap laporan keuangan konsolidasian secara keseluruhan.

The Group is still evaluating the effects of those new and amandements and new interpretations of financial accounting standards to the statements of financial accounting standards and has not yet determined the related effects on the consolidated financial statements.

34. INFORMASI TAMBAHAN UNTUK ARUS KAS 34. CASH FLOWS SUPLEMENTARY INFORMATION

a. Aktivitas nonkas a. Noncash activities

Aktivitas yang tidak mempengaruhi arus kas

sebagai berikut: Activities not affecting cash flows are as follows:



Unaudited)

2017 (Satu Tahun /

One Year)

2016 (Satu Tahun /

One Year)

2015 (Satu Tahun /

One Year)

Peningkatan modal disetor

21.466.000.000 - -

-

-

Additional paid in capital

b. Rekonsiliasi liabilitas dari aktivitas pendanaan b. Liabilities reconciliation from financing activities

Rekonsiliasi liabilitas dari aktivitas pendanaan sebagai berikut:

Liabilities reconciliation from financing activities are as follows:

2017

Arus kas/

Cash flows

2018 (Empat Bulan/

Four Months)

Utang bank 45.256.665.000 524.918.000 45.781.583.000 Bank loan Utang pembiayaan konsumen 36.364.960.626 (2.015.042.201) 34.349.918.425 Customer financing payables

2016

Arus kas/ Cash flows


Unaudited)

Utang bank 48.955.732.000 1.889.166.000 50.844.898.000 Bank loan Utang pembiayaan konsumen 45.636.656.581 (1.181.817.861) 44.454.838.720 Customer financing payables

2016 Arus kas/

Cash flows

2017

Utang bank 48.955.732.000 (3.699.067.000) 45.256.665.000 Bank loan Utang pembiayaan konsumen 45.636.656.581 (9.271.695.955) 36.364.960.626 Customer financing payables

2015

(Satu tahun) Arus kas/

Cash flows 2016

(Satu tahun)

Utang bank 51.971.880.224 (3.016.148.224) 48.955.732.000 Bank loan Utang pembiayaan konsumen 47.352.458.095 (1.715.801.514) 45.636.656.581 Customer financing payables







78

34. INFORMASI TAMBAHAN UNTUK ARUS KAS (lanjutan)

34. CASH FLOWS SUPLEMENTARY INFORMATION (continued)

b. Rekonsiliasi liabilitas dari aktivitas

pendanaan (lanjutan) c. Liabilities reconciliation from financing activities

(continued)

2014

Arus kas/

Cash flows 2015

Utang bank 47.861.756.000 4.110.124.224 51.971.880.224 Bank loan Utang pembiayaan konsumen 25.330.967.000 22.021.491.095 47.352.458.095 Customer financing payables

35. PENERBITAN KEMBALI LAPORAN KEUANGAN

KONSOLIDASIAN 35. REISSUE OF CONSOLIDATED FINANCIAL

STATEMENTS

Pada tanggal 13 September 2018, sehubungan

dengan rencana Perusahaan untuk melakukan Penawaran Umum Perdana Saham, manajemen telah menerbitkan kembali laporan keuangan konsolidasian untuk tahun yang berakhir pada tanggal-tanggal 30 April 2018, 31 Desember 2017, 2016 dan 2015. Laporan keuangan konsolidasian tersebut diterbitkan kembali disertai dengan beberapa perubahan dan tambahan pengungkapan pada laporan posisi keuangan konsolidasian, laporan laba rugi dan penghasilan komprehensif lain konsolidasian, laporan perubahan ekuitas (defisiensi modal), laporan arus kas konsolidasian, dan catatan atas laporan keuangan konsolidasian dengan rincian dibawah ini:

Catatan 1 “Penambahan entitas anak yang dikonsolidasikan dan perubahan pengungkapan atas jumlah karyawan”

Catatan 2c “Perubahan pengungkapan”

Catatan 4 “Perubahan dan penambahan pengungkapan”

On September 13, 2018, in related with the proposed initial public offering of the shares, management has reissued its consolidated financial statements for the years ended April 30, 2018, December 31, 2017, 2016 and 2015. The consolidated financial statements have reissued with several changes and additional disclosures in the consolidated statements of financial position, consolidated statements of profit or loss and other comprehensive income, consolidated statements of changes in equity (capital deficiency), consolidated statements of cash flows and notes to the consolidated financial statements with details below:

Note 1, “Additional consolidated subsidiaries and change disclosure of the number of employees”

Note 2c, “Change disclosure”

Note 4, “Change and additional disclosure”

Catatan 7 “Penambahan pengungkapan atas penyajian piutang usaha”

Catatan 8 “Perubahan pengungkapan atas penyajian piutang lain-lain”

Catatan 12 “Perubahan pengungkapan atas penyajian aset tetap“

Catatan 13 “Perubahan dan penambahan atas penyajian perpajakan”

Catatan 14 “Penambahan pengungkapan atas utang bank”

Catatan 15 “Penambahan pengungkapan atas utang pembiayaan konsumen”

Catatan 16 “Penambahan pengungkapan atas utang usaha”

Catatan 17 “Penambahan pengungkapan atas utang lain-lain”

Catatan 20 “Perubahan pengungkapan atas penyajian modal saham“

Catatan 21 “Penambahan pengungkapan atas pendapatan bersih”

Catatan 23 “Perubahan pengungkapan atas beban umum dan administrasi”

Catatan 26 “Perubahan pengungkapan atas laba (rugi) bersih per saham”

Note 7, “Additional disclosure of account receivable”

Note 8, “Change disclosure of other receivables presentation”

Note 12, “Change disclosure of fixed asset presentation ”

Note 13, “Change and additional disclosure for taxation presentation”

Note 14, “Additional disclosure of bank loan”

Note 15, “Additional disclosure of consumer financing payable”

Note 16, “Additional disclosure of trade payables”

Note 17, “Additional disclosure of other payables”

Note 20, “Change disclosure of share capital presentation”

Note 21, “Additional disclosure of net revenue”

Note 23, “Additional disclosure of general and administrative expenses”

Note 26, “Additional disclosure of basic net income (loss) per share”







79

35. PENERBITAN KEMBALI LAPORAN KEUANGAN KONSOLIDASIAN (lanjutan)

35. REISSUE OF CONSOLIDATED FINANCIAL STATEMENTS (continued)

Catatan 29 “Penambahan pengungkapan atas

kebijakan dan tujuan manajemen risiko keuangan”

Catatan 30 “Perubahan pengungkapan atas informasi segmen”

Catatan 31 “Penambahan pengungkapan atas perjanjian dan ikatan penting”

Catatan 32 “Penambahan pengungkapan peristiwa setelah tanggal pelaporan”

Catatan 34 “Penambahan pengungkapan informasi tambahan untuk arus kas”

Note 29, “Additional disclosure of financial risk management objectives and policies”

Note 30, “Change disclosure of segment information presentation”

Note 31, “Additional disclosure of significant agreements and commitments”

Note 32, “Additional disclosure of events after the reporting date”

Note 34 “Additional disclosure of cash flows suplementary information”

Informasi Tambahan Additional Information

80

PT SHIELD ON SERVICE Tbk (ENTITAS INDUK SAJA) LAPORAN POSISI KEUANGAN Pada Tanggal 30 April 2018 Dan 31 Desember 2017 (Disajikan dalam Rupiah, kecuali dinyatakan lain)

PT SHIELD ON SERVICE Tbk (PARENT ENTITY ONLY)

STATEMENTS OF FINANCIAL POSITION As of April 30, 2018 And December 31, 2017


30 April 2018 / April

30, 2018 31 Desember 2017 / December 31, 2017



1 Januari 2015 / 31 Desember 2014 /

January 1, 2015/ December 31, 2014

ASET

ASSETS

ASET LANCAR CURRENT ASSETS

Kas dan bank

1.003.585.103

5.371.346.468 7.046.308.748

7.435.350.482

4.883.371.550 Cash on hand and

in banks Piutang usaha 19.465.157.997 11.805.580.657 13.081.257.172 27.986.768.369 19.713.177.455 Trade receivables Piutang lain-lain 7.927.021.599 34.327.217.396 25.510.770.430 31.144.465.663 37.918.970.500 Other receivables Investasi 57.451.838.746 4.017.838.746 3.433.036.537 2.992.894.430 2.555.806.225 Investment Pendapatan masih

harus diterima

13.825.697.188

13.718.007.098 11.637.123.149

12.001.633.870

13.976.913.139 Accrued income

Persediaan 1.875.864.187

1.666.699.698 1.477.596.707

985.019.029

893.927.038 Inventories Uang muka dan

biayadibayar dimuka 2.032.638.259

695.896.859 2.067.063.527

1.304.316.926

1.019.956.266

Advance and prepaid

expenses

Jumlah Aset

Lancar

103.581.803.079

71.602.586.922 64.253.156.270

83.850.448.769

80.962.122.173 Total Current Assets

ASET TIDAK

LANCAR

NON-CURRENT

ASSETS

Aset tetap – bersih 2.029.462.075 2.283.721.633 3.234.852.685 3.374.352.182 3.861.536.090 Fixed assets - net Aset pajak

tangguhan

288.622.574

264.657.898 129.674.175

96.354.767

77.947.646 Deferred tax assets Aset lain-lain 601.442.450 609.481.850 1.055.218.100 474.114.250 418.164.250 Other assets

Jumlah Aset Tidak Lancar

2.919.527.099

3.157.861.381 4.419.744.960

3.944.821.199

4.357.647.986

Total Non-Current Assets

JUMLAH ASET 106.501.330.178

74.760.448.303 68.672.901.230

87.795.269.968

85.319.770.159 TOTAL ASSETS


81

PT SHIELD ON SERVICE Tbk (ENTITAS INDUK SAJA) LAPORAN POSISI KEUANGAN (lanjutan) Pada Tanggal 30 April 2018 Dan 31 Desember 2017 (Disajikan dalam Rupiah, kecuali dinyatakan lain)


STATEMENTS OF FINANCIAL POSITION (continued) As of April 30, 2018 And December 31, 2017


30 April 2018 / April 30, 2018




1 Januari 2015/ 31 Desember 2014 /

January 1, 2015/ December 31, 2014

LIABILITAS DAN EKUITAS

LIABILITIES AND

EQUITY

LIABILITAS LIABILITIES

LIABILITAS JANGKA PENDEK

CURRENT LIABILITIES

Utang bank 18.503.445.000 17.503.253.000 16.727.465.000 24.243.746.224 15.560.553.000 Bank loan Utang pembiayaan 17.196.249.000 17.465.048.000 19.957.996.000 22.163.943.000 25.330.967.000 Financing loan Utang usaha 937.479.602 781.064.636 1.405.160.047 13.173.824.607 12.282.846.056 Trade payables Utang lain-lain 28.396.609 203.640.121 - 1.153.749.972 2.441.264.135 Other payables Beban masih harus

dibayar 16.719.529.012

12.322.466.440 9.945.318.517 6.834.242.072 11.521.770.804

Accrued expenses Uang muka dari

pelanggan 665.944.862

559.549.754 457.544.737 684.823.127 1.102.299.952 Advance from

costumers Utang pajak 1.584.113.856 1.816.536.618 592.724.745 821.951.552 1.391.733.799 Taxes payable

Jumlah Liabilitas

Jangka Pendek 55.635.157.941

50.651.558.569 49.086.209.046 69.076.280.554 69.631.434.746

Total Current Liabilities

LIABILITAS

JANGKA PANJANG

NON-CURRENT

LIABILITY Liabilitas diestimasi

atas imbalan kerja karyawan 1.154.490.297

1.058.631.593 518.696.701 385.419.066 311.790.583


benefits

JUMLAH LIABILITAS 56.789.648.238 51.710.190.162 49.604.905.747 69.461.699.620 69.943.225.329 TOTAL LIABILITIES

EKUITAS EQUITY Modal saham - nilai

nominal per lembar Rp 1.000.000 per saham

Modal dasar - 50.000 saham pada tanggal 30 April 2018, 1.100 saham pada tanggal 31 Desember 2017, 2016 dan 2015

Modal ditempatkan dan disetor penuh -

50.000 saham pada tanggal 30 April 2018,

1.100 saham pada tanggal 31 Desember 2017, 2016 dan 2015 50.000.000.000

1.100.000.000 1.100.000.000 1.100.000.000 1.100.000.000

Share capital - Rp 1,000,000 par value

per share Authorized -

50,000 shares as of April 30 2018, 1,100 shares as

of December 31, 2017, 2016 and 2015

Issued and fully paid - 50,000 shares as of

April 30 2018, 1,100 shares as of December

31, 2017, 2016 and 2015. Keuntungan

(kerugian) aktuarial atas imbalan kerja - bersih (137.054.254 ) (128.368.485 ) 88.594.877 98.111.051 -

Actuarial gain (losses) on

employee benefits - net

Saldo laba (defisit) (151.263.806 ) 22.078.626.626 17.879.400.606 17.135.459.297 14.276.544.830 Retained earnings

(deficit)

JUMLAH EKUITAS 49.711.681.940 23.050.258.141 19.067.995.483 18.333.570.348 15.376.544.830 TOTAL EQUITY

JUMLAH LIABILITAS DAN EKUITAS 106.501.330.178

74.760.448.303 68.672.901.230 87.795.269.968 85.319.770.159

TOTAL LIABILITIES AND EQUITY


82

PT SHIELD ON SERVICE Tbk (ENTITAS INDUK SAJA) LAPORAN LABA RUGI DAN PENGHASILAN KOMPREHENSIF LAIN Untuk Periode Empat Bulan Yang Berakhir Pada Tanggal 30 April 2018 Dan Untuk Tahun Yang Berakhir Pada Tanggal 31 Desember 2017 (Disajikan dalam Rupiah, kecuali dinyatakan lain)


STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME For The Four-Month Period Ended April 30, 2018

And For The Year Ended December 31, 2017 (Expressed in Rupiah, unless otherwise stated)



Unaudited)

2017 (Satu Tahun/

One Year)

2016 (Satu Tahun/

One Year)

2015 (Satu Tahun/

One Year)

PENDAPATAN BERSIH 45.556.378.845 41.861.084.305 141.073.844.604 138.490.003.009 147.517.192.018 REVENUES BEBAN POKOK PENDAPATAN (39.817.726.923 ) (36.653.120.028 ) (113.443.660.323 ) (115.308.037.325 ) (121.787.651.788 COST OF REVENUES

LABA KOTOR 5.738.651.922 5.207.964.277 27.630.184.281 23.181.965.684 25.729.540.230 GROSS PROFIT


(5.828.300.312 ) (7.435.202.314 ) (20.266.155.715 ) (18.295.355.886 ) (17.014.576.749 General and administrative

expenses

Beban pemasaran (20.356.624 ) (14.427.499 ) (77.199.018 ) (74.938.535 ) (103.514.087 Marketing expenses

LABA USAHA (110.005.014 ) (2.241.665.536 ) 7.286.829.548 4.811.671.263 8.611.449.394 INCOME FROM OPERATIONS Penghasilan keuangan 3.844.463 7.900.957 21.967.566 44.104.853 47.580.337 Finance income Beban keuangan (1.807.774.241 ) (1.855.935.579 ) (6.073.086.900 ) (6.621.792.124 ) (6.952.056.608 ) Finance cost Pendapatan (beban) lain-lain 1.177.748.950 1.323.863.367 4.592.244.467 4.194.191.209 2.647.987.154 Other income (expense) - net

LABA (RUGI) SEBELUM PAJAK

PENGHASILAN

(736.185.842 ) (2.765.836.791 ) 5.827.954.681 2.428.175.201 4.354.960.277 INCOME (LOSS) BEFORE

INCOME TAX MANFAAT (BEBAN) PAJAK PENGHASILAN

- BERSIH

(27.704.590 ) 25.434.783 (1.628.728.661 ) (1.684.233.892 ) (1.931.570.963 ) INCOME TAX BENEFIT (EXPENSES) -

NET

LABA (RUGI) BERSIH PERIODE BERJALAN

(763.890.432 ) (2.740.402.008 ) 4.199.226.020 743.941.309 2.423.389.314 NET INCOME (LOSS) FOR THE

PERIOD

PENGHASILAN KOMPREHENSIF LAIN

OTHER COMPREHENSIVE

INCOME


(11.581.025 ) (613.002.418 ) (275.884.747 )

1.704.275

128.730.663

Remeasurement estimated liabilities for employees’ benefits

Pajak penghasilan terkait 2.895.256 153.250.605 58.921.385 (11.220.449 ) (32.182.666 ) Related income tax

JUMLAH LABA (RUGI) KOMPREHENSIF

PERIODE BERJALAN

(772.576.201 ) (3.200.153.821 ) 3.982.262.658 734.425.135 2.519.937.311 TOTAL COMPREHENSIVE

INCOME (LOSS) FOR THE PERIOD


83

PT SHIELD ON SERVICE Tbk (ENTITAS INDUK SAJA) LAPORAN PERUBAHAN EKUITAS Untuk Periode Empat Bulan Yang Berakhir Pada Tanggal 30 April 2018 Dan Untuk Tahun Yang Berakhir Pada Tanggal 31 Desember 2017 (Disajikan dalam Rupiah, kecuali dinyatakan lain)


STATEMENTS OF CHANGES IN EQUITY For The Four-Month Period Ended

April 30, 2018 And For The Year Ended

December 31, 2017 (Expressed in Rupiah, unless otherwise stated)


Keuntungan (kerugian) aktuarial atas imbalan kerja -


(losses) on employee benefits - net

Saldo Laba /

Retained Earnings Jumlah Ekuitas /

Tolal Equity

Saldo 1 Januari 2016 (Sebelum disajikan

kembali)

1.100.000.000

-

14.419.035.971 15.519.035.971

Balance as of January 1, 2016

(Before restated) Dampak penyajian kembali - 98.111.051 2.716.423.326 2.814.534.377 Impact of restatement

Saldo 1 Januari 2016 (Disajikan kembali)

1.100.000.000

98.111.051

17.135.459.297 18.333.570.348

Balance as of January 1, 2016 (As restated)

Laba bersih tahun berjalan - - 743.941.309 743.941.309 Net income for the year Penghasilan

komprehensif lain

-

(9.516.174 ) - (9.516.174 ) Other comprehensive

income

Saldo 31 Desember 2016 (Disajikan kembali)

1.100.000.000

88.594.877 17.879.400.606 19.067.995.483

Balance as of December 31, 2016 (As restated)

Laba bersih tahun berjalan - - 4.199.226.020 4.199.226.020 Net income for the year Penghasilan

komprehensif lain

-


income

Saldo 31 Desember 2017

1.100.000.000

(128.368.485 ) 22.078.626.626 23.050.258.141 Balance as of

December 31, 2017 Pembagian dividen 21.466.000.000 - (21.466.000.000 ) - Share dividend Tambahan modal disetor 27.434.000.000 - - 27.434.000.000 Paid up capital Rugi bersih periode

berjalan

-

-

(763.890.432 ) (763.890.432 ) Net loss for the period Penghasilan

komprehensif lain

-


income

Saldo 30 April 2018

50.000.000.000

(137.054.254 ) (151.263.806 ) 49.711.681.940 Balance as of April 30, 2018

Saldo 31 Desember 2016 (Disajikan kembali)

1.100.000.000

(9.516.175 ) 17.977.511.658 19.067.995.483


(As restated) Rugi bersih periode

berjalan

-

-

(2.740.402.008 ) (2.740.402.008 ) Net loss for the period Penghasilan

komprehensif lain

-


income

Saldo 30 April 2017

1.100.000.000

(469.267.988 ) 15.237.109.650 15.867.841.662 Balance as of April 30, 2017


84

PT SHIELD ON SERVICE Tbk (ENTITAS INDUK SAJA) LAPORAN ARUS KAS Untuk Periode Empat Bulan Yang Berakhir Pada Tanggal 30 April 2018 Dan Untuk Tahun Yang Berakhir Pada Tanggal 31 Desember 2017 (Disajikan dalam Rupiah, kecuali dinyatakan lain)


STATEMENTS OF CASH FLOWS For The Four-Month Period Ended

April 30, 2018 And For The Year Ended

December 31, 2017 (Expressed in Rupiah, unless otherwise stated)



Unaudited)

2017 (Satu Tahun/

One Year)

2016 (Satu Tahun/

One Year)

2015 (Satu Tahun/

One Year)

ARUS KAS DARI AKTIVITAS OPERASI

CASH FLOWS FROM OPERATING ACTIVITIES

Penerimaan kas dari pelanggan

37.903.545.923

36.065.578.339

140.370.642.188

153.532.746.536

140.801.403.548

Cash receipt from customers

Pembayaran kepada pemasok

(1.717.510.766 ) (52.822.685 ) (6.853.183.622 ) (17.512.208.252 ) (20.394.006.593 )

Cash paid to suppliers

Pembayaran untuk beban usaha dan karyawan

(40.650.747.812 ) (34.203.796.916 ) (127.691.845.760 ) (125.064.300.378 ) (108.162.871.064 )

Cash paid for operating

expenses and employees

Kas diperoleh dari operasi

(4.464.712.655

1.808.958.738

5.825.612.806 10.956.237.906

12.244.525.891

Net cash generated from operation

Pembayaran pajak penghasilan

(42.128.850 ) (27.884.953 ) (1.749.737.416 )

(1.655.676.999 ) (6.842.555.253 ) Income tax paid

Pembayaran bunga (780.268.302 ) (1.836.874.194 ) (4.360.932.783 ) 1.873.894.810 (1.938.602.656 ) Interest paid

Kas Bersih Diperoleh dari (Digunakan untuk) Aktivitas Operasi

(5.287.109.807 ) (55.800.409 ) (285.057.393 ) 11.174.455.717

3.463.367.982

Net Cash Provided by (Used in)

Operating Activities

ARUS KAS DARI AKTIVITAS INVESTASI

CASH FLOWS FROM INVESTING ACTIVITIES

Penempatan uang jaminan

-

-

445.736.250

(581.103.850 ) (55.950.000 )

Placement of security deposit


(115.267.500 ) (247.008.703 ) (196.288.655 ) (1.260.165.377 ) (6.420.054.351 ) Acquisition of fixed

assets Penjualan aset tetap - - 77.807.518 - - Sale of fixed assets Perolehan asset lain-

lain

-

-

-

-

(232.794.054 ) Acquisition of other

assets Penyertaan saham (53.675.642.673 ) - - - - Investments in shares

Kas Bersih Diperoleh Dari

(Digunakan untuk) Aktivitas Investasi

(53.790.910.173 ) (247.008.703 ) 327.255.113

(1.841.269.227 ) (6.708.798.405 )

Net Cash Provided by (Used in)

Investing Activities

ARUS KAS DARI AKTIVITAS PENDANAAN

CASH FLOWS FROM FINANCING ACTIVITIES

Peningkatan modal saham

27.434.000.000

-

-

-

-

Increase in share

capital Pembayaran utang

pihak berelasi

26.544.865.615

-

-

-

- Repayment of related

party loan Pembayaran utang

pembiayaan

(268.799.000 ) (1.282.026.000 ) (2.492.948.000 )

(2.205.947.000 ) 22.445.183.132 Repayments of

financing loan Pembayaran utang

bank

1.000.192.000

(1.775.981.538 ) 775.788.000 (7.516.281.224 ) (16.647.773.777 ) Repayments of bank

loan

Kas Bersih Digunakan untuk Aktivitas Pendanaan

54.710.258.615

(3.058.007.538 ) (1.717.160.000 ) (9.722.228.224 ) 5.797.409.355

Net Cash Used in

Financing Activities

PENURUNAN BERSIH KAS DAN BANK

(4.367.761.365 ) (3.360.816.650 ) (1.674.962.280 ) (389.041.734 ) 2.551.978.932

NET DECREASE IN CASH ON

HAND AND IN BANKS

KAS DAN BANK AWAL PERIODE

5.371.346.468

7.046.308.748

7.046.308.748

7.435.350.482

4.883.371.550

CASH ON HAND AND IN BANKS AT THE

BEGINNING OF THE YEAR

KAS DAN BANK AKHIR TAHUN

1.003.585.103

3.685.492.098

5.371.346.468

7.046.308.748

7.435.350.482

CASH ON HAND AND IN BANKS AT THE

END OF THE YEAR

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