Laporan Keuangan Tahunan Annual Financial Statement
STATEMENTS Years Ended
3. SOURCES OF ESTIMATION UNCERTAINTY (continued)
Estimasi dan Asumsi Estimates and Assumptions
Asumsi utama masa depan dan sumber utama ketidakpastian dari estimasi pada akhir periode pelaporan y ang memiliki risiko signif ikan bagi peny esuaian y ang material terhadap nilai tercatat aset dan liabilitas untuk periode berikutny a, diungkapkan di bawah ini. Grup mendasarkan asumsi dan estimasi pada parameter yang tersedia pada saat laporan keuangan disusun. Kondisi saat ini dan asumsi mengenai perkembangan masa depan, mungkin berubah akibat perubahan pasar atau situasi di luar kendali Grup. Perubahan tersebut dicerminkan dalam asumsi terkait pada saat terjadiny a.
The key assumptions concerning the future and other key sources of estimation uncertainty at the end of reporting period that have a significant risk of causing a material adjust ment to the carrying amounts of assets and liabilities within the next financial period are disclosed below. The Group based its assumptions and estimates on
parameters available when the financial
statements were prepared. Existing circumstances and assumptions about future developments, may change due to market changes or circumstances arising beyond the control of the Group. Such changes are reflected in the assumptions as they occur.
Peny isihan atas Kerugian Penurunan Nilai Piutang
Usaha - Ev aluasi Kolektif Allowance for Impairment Losses on Trade Receivables - Collective Assessment Bila Grup memutuskan bahwa tidak terdapat bukti
oby ektif atas penurunan nilai pada ev aluasi indiv idual atas piutang usaha, baik y ang nilainya signif ikan maupun tidak, Grup meny ertakannya dalam ev aluasi kolektif atas penurunan nilai. Karakteristik pelanggan mempengaruhi estimasi arus kas masa depan dari piutang usaha tersebut karena merupakan indikasi bagi kemampuan pelanggan untuk melunasi jumlah terutang.
If the Group determines that no objective evidence of impairment exists for an individually assessed trade receivables, whether significant or not, it includes the assets in collective assessment for impairment. The characteristics of customers are relevant to the estimation of future cash flows for such trade receivables by being indicative of the customer’s ability to pay all amounts due.
Pensiun dan Imbalan Kerja Pension and Employee Benefits
Penentuan liabilitas dan beban Grup sehubungan dengan pensiun dan liabilitas imbalan kerja bergantung pada pemilihan asumsi yang digunakan oleh aktuaris independen dalam menghitung 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. Hasil aktual yang berbeda dari asumsi Perusahaan y ang efeknya lebih dari 10% dari kewajiban imbalan pasti ditangguhkan dan diamortisasi dengan metode garis lurus selama rata-rata sisa masa kerja yang diharapkan dari kary awan yang ditanggung.
The determination of the Group’s obligations and cost for pension and employee benefits liabilities is dependent on its selection of certain assumptions used by the independent actuaries in calculating such amounts. Those assumptions include, among others, discount rates, annual salary increase rate, annual employee turn-over rate, disability rate, retirement age and mortality rate. Actual results that differ from the Company’s assumptions which effects are more than 10% of the defined benefit obligations are deferred and amortized on a straight-line method over the expected average remaining service periods of the qualified employees.
Sementara Grup berkey akinan bahwa asumsi tersebut adalah wajar dan sesuai, perbedaan signif ikan pada hasil aktual atau perubahan signif ikan dalam asumsi y ang ditetapkan Grup dapat mempengaruhi secara material liabilitas diestimasi atas pensiun dan imbalan kerja dan beban imbalan kerja bersih. Penjelasan lebih lanjut diungkapkan dalam Catatan 30.
While the Group believes that its assumptions are reasonable and appropriate, significant differences in the actual results or significant changes in the Group’s assumptions may materially affect its estimated employee benefits liabilities and employee benefits expense. Further details are disclosed in Note 30.
The consolidated financial statements are originally issued in the Indonesian language.
PT CITRA TUBINDO Tbk DAN ENTITAS AN AK CATATAN ATAS L APOR AN KEUANGAN
KONSOLIDASIAN
Tahun Yang Berakhir Pada Tanggal-tanggal 31 Desember 2012 dan 2011
(Disajikan dalam dolar AS, kecuali dinyatakan lain)
PT CITRA TUBINDO Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS Years Ended December 31, 2012 and 2011
(Expressed in U.S. dollars, unless otherwise stated)
43
3. SUMBER KETIDAKPAS TI AN DARI ESTIMASI (lanjutan)
3. SOURCES OF ESTIMATION UNCERTAINTY (continued)
Estimasi dan Asumsi (lanjutan) Estimates and Assumptions (continued)
Peny isihan Penurunan Nilai Pasar dan Keusangan
Persediaan Allowance for Decline in Market Value and Obsolescence of Inventories Peny isihan penurunan nilai pasar dan keusangan
persediaan, jika ada, diestimasi berdasarkan fakta dan situasi yang tersedia, termasuk namun tidak terbatas kepada, kondisi f isik persediaan yang dimiliki, harga jual pasar, estimasi biaya peny elesaian dan estimasi biay a yang timbul untuk penjualan. Prov isi diev aluasi kembali dan disesuaikan jika terdapat tambahan informasi y ang mempengaruhi jumlah y ang diestimasi. Penjelasan lebih rinci diungkapkan dalam Catatan 7.
Allowance for decline in market value and obsolescence of inventories, if any, is estimated based on available facts and circumstances, including but not limited to, the inventories’ own physical conditions, their market selling prices, estimated costs of completion and estimated costs to be incurred for their sales. The provisions are
re-evaluated and adjusted as additional
information received affects the amount estimated. Further details are disclosed in Note 7.
Peny usutan Aset Tetap Depreciation of Property, plant and equipment
Biay a perolehan aset tetap disusutkan dengan menggunakan metode garis lurus berdasarkan taksiran masa manfaat ekonomisnya. Manajemen mengestimasi masa manf aat ekonomis aset tetap antara 3 sampai dengan 20 tahun. Ini adalah umur y ang secara umum diharapkan dalam industri dimana Grup menjalankan bisnisnya. Perubahan tingkat pemakaian dan perkembangan teknologi dapat mempengaruhi masa manf aat ekonomis dan nilai sisa aset, dan karenanya biay a penyusutan masa depan mungkin direv isi. Penjelasan lebih lanjut diungkapkan dalam Catatan 11.
The costs of property, plant and equipment are depreciated on a straight-line method over their estimated useful lives. Management properly estimates the useful lives of these fixed assets to be within 3 to 20 years. These are common life expectancies applied in the industry where the Group conducts its business. Changes in the expected level of usage and technological development could impact the economic useful lives and the residual values of these assets, and therefore future depreciation charges could be revised. Further details are disclosed in Note 11.
Pajak Penghasilan Income Tax
Pertimbangan signif ikan dilakukan dalam menentukan provisi atas pajak penghasilan badan. Terdapat transaksi dan perhitungan tertentu y ang penentuan pajak akhirnya adalah tidak pasti sepanjang kegiatan usaha normal. Grup mengakui liabilitas atas pajak penghasilan badan berdasarkan estimasi apakah akan terdapat tambahan pajak penghasilan badan.
Significant judgement is involved in determining provision for corporate income tax. There are certain transactions and computation for which the ultimate tax determination is uncertain during the ordinary course of business. The Group recognizes liabilities for expected corporate income tax issues based on estimates of whether additional corporate income tax will be due.
The consolidated financial statements are originally issued in the Indonesian language.
PT CITRA TUBINDO Tbk DAN ENTITAS AN AK CATATAN ATAS L APOR AN KEUANGAN
KONSOLIDASIAN
Tahun Yang Berakhir Pada Tanggal-tanggal 31 Desember 2012 dan 2011
(Disajikan dalam dolar AS, kecuali dinyatakan lain)
PT CITRA TUBINDO Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS Years Ended December 31, 2012 and 2011
(Expressed in U.S. dollars, unless otherwise stated)
4. KAS D AN SETAR A KAS 4. CASH AND CASH EQUIVALENTS
Kas dan setara kas terdiri dari: Cash and cash equivalents consist of the following:
1 Januari 2011/
31 Desember 2010/
January 1, 2011/
2012 2011 December 31, 2010
Kas kecil 32.629 26.240 33.376 Petty cash fund
Kas di bank Cash in banks
Rupiah Rupiah
PT Bank CIMB Niaga Tbk PT Bank CIMB Niaga Tbk
- Indonesia 585.467 284.253 324.777 - Indonesia
PT Bank Mandiri (Persero) Tbk PT Bank Mandiri (Persero) Tbk
- Indonesia 109.700 90.927 343.471 - Indonesia
Lain-lain (masing-masing
di bawah AS$50.000) 29.889 40.912 70.530 Others (each below US$50,000)
Dolar AS U.S. dollar
PT Bank Mandiri PT Bank Mandiri
(Persero) Tbk - Indonesia 12.090.810 785.325 2.032.303 (Persero) Tbk - Indonesia JPMorgan Chase, NA - AS 2.200.028 746.860 899.789 JPMorgan Chase, NA - USA
PT Bank CIMB Niaga Tbk PT Bank CIMB Niaga Tbk
- Indonesia 1.464.964 632.609 1.011.772 - Indonesia
PT ANZ Panin Bank - Indonesia 515.202 1.182.697 478.087 PT ANZ Panin Bank - Indonesia
The Hongkong and Shanghai The Hongkong and Shanghai
Banking Corporation Limited Banking Corporation Limited
- Indonesia 495.633 375.526 1.846.210 - Indonesia
Standard Chartered Bank Standard Chartered Bank
- Singapura 280.762 6.017.027 2.147.486 - Singapore
ING Bank NV - Singapura 8.512 25.770 974.465 ING Bank NV - Singapore
PT Bank Internasional PT Bank Internasional
Indonesia Tbk - Indonesia - - 779.027 Indonesia Tbk - Indonesia
Lain-lain (masing-masing
di bawah AS$500.000) 560.457 371.535 429.539 Others (each below US$500,000)
Dolar Singapura Singapore dollar
PT Bank CIMB Niaga Tbk PT Bank CIMB Niaga Tbk
- Indonesia 1.738.160 1.572.768 822.820 - Indonesia
Standard Chartered Bank Standard Chartered Bank
- Singapura 563.084 220.393 653.640 - Singapore
The Hongkong and Shanghai
Banking Corporation Limited The Hongkong and Shanghai Banking
- Singapura 25.354 81.713 622.403 Corporation Limited - Singapore
Lain-lain (masing-masing
di bawah AS$200.000) 157.973 180.938 131.159 Others (each below US$200,000)
Euro Euro
Standard Chartered Bank Standard Chartered Bank
- Singapura 1.093.338 25.855 35.402 - Singapore
First East Export First East Export
Bank, PLC - Malaysia 65.925 56.340 57.873 Bank, PLC - Malaysia
National Bank of Dubai National Bank of Dubai
- Uni Emirat Arab 45.286 33.192 50.716 - United Arab Emirates
ING Bank NV - Belanda 8.666 49.586 24.617 ING Bank NV - Netherlands
Lain-lain (masing-masing
di bawah AS$25.000) 20.562 32.025 30.180 Others (each below US$25,000)
Dirham Uni Emirat Arab Uni Emirat Arab Dirham
First East Export First East Export
Bank, PLC - Malaysia 16.250 16.405 16.405 Bank, PLC - Malaysia
National Bank of Dubai National Bank of Dubai
- Uni Emirat Arab 8.737 40.041 46.586 - United Arab Emirates
Dolar Australia Australian Dollar
Australia and New Zealand 168.260 Australia and New Zealand
Banking Group Limited - - Banking Group Limited
Ringgit Malaysia Malaysian Ringgit
The consolidated financial statements are originally issued in the Indonesian language.
PT CITRA TUBINDO Tbk DAN ENTITAS AN AK CATATAN ATAS L APOR AN KEUANGAN
KONSOLIDASIAN
Tahun Yang Berakhir Pada Tanggal-tanggal 31 Desember 2012 dan 2011
(Disajikan dalam dolar AS, kecuali dinyatakan lain)
PT CITRA TUBINDO Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS Years Ended December 31, 2012 and 2011
(Expressed in U.S. dollars, unless otherwise stated)
45
4. KAS D AN SETAR A KAS (lanjutan) 4. CASH AND CASH EQUIVALENTS (continued)
1 Januari 2011/
31 Desember 2010/
January 1, 2011/
2012 2011 December 31, 2010
Setara kas - deposito berjangka Cash equivalents - time deposits
Dolar AS U.S. dollar
PT Bank Mandiri PT Bank Mandiri
(Persero) Tbk - Indonesia 3.534.956 21.768.073 9.450.981 (Persero) Tbk - Indonesia ING Bank NV - Singapura 1.007.329 12.445.571 6.569.488 ING Bank NV - Singapore
ING Asia Private Bank Ltd ING Asia Private Bank Ltd
- Singapura - 1.066.499 279.018 - Singapore
Standard Chartered Bank Standard Chartered Bank
- Singapura - - 1.750.776 - Singapore
Lain-lain (masing-masing
di bawah AS$1.000.000) 1.133.208 551.521 381.374 Others (each below US$1,000,000)
Euro Euro
ING Bank NV - Belanda 218.238 209.675 278.488 ING Bank NV - Netherlands Deutsche Bank - Singapura - 9.170.413 4.810.771 Deutsche Bank - Singapore
Standard Chartered Bank Standard Chartered Bank
- Singapura - 1.917.058 - - Singapore
ING Bank - Singapura - - 1.994.157 ING Bank - Singapore
National Bank of Dubai National Bank of Dubai
- Uni Emirat Arab - - 1.957.085 - United Arab Emirates
Bank Raiffeisen Zentralbank Bank Raiffeisen Zentralbank
Österreich AG Austria Österreich AG Austria
- Singapura - - 390.796 - Singapore
Dolar Singapura Singapore dollar
Standard Chartered Bank Standard Chartered Bank
- Singapura - - 931.732 - Singapore
Rupiah Rupiah
PT Bank CIMB Niaga Tbk PT Bank CIMB Niaga Tbk
- Indonesia 265.279 449.245 301.217 - Indonesia
PT Bank Mandiri PT Bank Mandiri
(Persero) Tbk - Indonesia 45.262 172.453 86.701 (Persero) Tbk - Indonesia
The Hongkong and Shanghai The Hongkong and Shanghai
Banking Corporation Limited Banking Corporation Limited
- Singapura - - 17.796 - Singapore
Jumlah 28.491.903 60.639.445 43.063.013 Total
Tingkat suku bunga deposito berjangka selama satu tahun yang berakhir pada tanggal - tanggal 31 Desember 2012 dan 2011 adalah sebagai berikut:
The interest rates on time deposits for the years ended December 31, 2012 and 2011 were as follows:
2012 2011
Dolar AS 0,05% - 1,10% 0,05% - 1,10% U.S. dollar
Rupiah 3,13% - 6,75% 4,50% - 6,25% Rupiah
The consolidated financial statements are originally issued in the Indonesian language.
PT CITRA TUBINDO Tbk DAN ENTITAS AN AK CATATAN ATAS L APOR AN KEUANGAN
KONSOLIDASIAN
Tahun Yang Berakhir Pada Tanggal-tanggal 31 Desember 2012 dan 2011
(Disajikan dalam dolar AS, kecuali dinyatakan lain)
PT CITRA TUBINDO Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS Years Ended December 31, 2012 and 2011
(Expressed in U.S. dollars, unless otherwise stated)
5. PIUTANG USAH A 5. TRADE RECEIVABLES
Rincian piutang usaha adalah sebagai berikut: Trade receivables consist of the following:
1 Januari 2011/
31 Desember 2010/
January 1, 2011/
2012 2011 December 31, 2010
Oil Industries Engineering Oil Industries Engineering
and Construction Company 20.667.492 - - and Construction Company
Oudeh Petroleum Company 8.315.935 110.668 - Oudeh Petroleum Company
Virginia Indonesia Company LLC 5.654.515 - 2.702.425 Virginia Indonesia Company LLC
Anadarko Indonesia Nunukan Anadarko Indonesia Nunukan
Company 2.687.960 - - Company
Mobil Cepu Ltd 1.983.813 - 2.872.571 Mobil Cepu Ltd
Jx Nippon Oil & Gas Exploration Jx Nippon Oil & Gas Exploration
Corporation 1.477.619 - - Corporation
Chevron Ma kassar Ltd 1.248.731 1.312.357 - Chevron Makassar Ltd
PT Bredero Shaw Indonesia 1.202.146 435.536 360.410 PT Bredero Shaw Indonesia
Bell Tubular Products 30.421 416.598 1.509.050 Bell Tubular Products
BUT Conoco Philips (Grissik) Ltd 23.195 2.001.851 - BUT Conoco Philips (Grissik) Ltd
Total E&P Indonesie - 5.582.578 2.315.383 Total E&P Indonesie
Cairn Energy India Pty Ltd - 2.555.462 1.840.454 Cairn Energy India Pty Ltd
Lanester Offshore Inc - 2.122.724 1.343.682 Lanester Offshore Inc
Chevron Indonesia Company - 1.430.971 - Chevron Indonesia Company
Ras Gas Company Ltd - 1.224.061 - Ras Gas Company Ltd
Oil & Energy Industries Oil & Energy Industries
Development Company - - 17.723.751 Development Company
Kala Naft Co - - 4.099.315 Kala Naft Co
HESS (Indonesia Pangkah) Ltd - - 2.387.979 HESS (Indonesia Pangkah) Ltd
Self Elevating Platform NV - - 1.719.678 Self Elevating Platfrom NV
Lain-lain (masing-masing
di bawah AS$1.000.000) 4.289.937 4.975.896 7.230.808 Others (each below US$1,000,000)
Jumlah 47.581.764 22.168.702 46.105.506 Total
Dikurangi penyisihan atas kerugian Less allow ance for impairment losses
penurunan nilai piutang usaha (9.046.229) (746.916) (1.164.232) on trade receivables
Pihak ketiga - neto 38.535.535 21.421.786 44.941.274 Third parties - net
Pihak-pihak berelasi (Catatan 6) 12.599.794 7.424.985 2.655.210 Related parties (Note 6)
Neto 51.135.329 28.846.771 47.596.484 Net
Rincian piutang usaha menurut jenis mata uang
adalah sebagai berikut: The details of trade receivables based on currency are as follows:
1 Januari 2011/
31 Desember 2010/
January 1, 2011/
2012 2011 December 31, 2010
Dolar AS 26.275.876 26.093.654 28.043.655 U.S. dollar
Dolar Singapura Singapore dollar
(Sin$4.722.976 pada tanggal (Sin$4,722,976 as of
31 December 2012, December 31, 2012,
Sin$3.358.869 Sin$3,358,869 as of
pada tanggal December 31, 2011 and
31 Desember 2011 dan Sin$2,317,169 as of
Sin$2.317.169 pada tanggal January 1, 2011/
1 Januari 2011/31 Desember 2010) 3.861.902 2.583.233 1.799.150 December 31, 2010)
Rupiah Rupiah
(Rp3.197.972.218 pada tanggal (Rp3,197,972,218 as of
31 December 2012, December 31, 2012
Rp1.540.507.343 pada tanggal Rp1,540,507,343 as of
31 Desember 2011 dan December 31, 2011 and
Rp984.937.077 pada tanggal Rp984,937,077 as of
1 Januari 2011/31 Desember January 1, 2011/
2010) 329.391 169.884 109.547 December 31, 2010)
Dolar Australia Australian dollar
(AU$641 pada tanggal (AU$641 as of
The consolidated financial statements are originally issued in the Indonesian language.
PT CITRA TUBINDO Tbk DAN ENTITAS AN AK CATATAN ATAS L APOR AN KEUANGAN
KONSOLIDASIAN
Tahun Yang Berakhir Pada Tanggal-tanggal 31 Desember 2012 dan 2011
(Disajikan dalam dolar AS, kecuali dinyatakan lain)
PT CITRA TUBINDO Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS Years Ended December 31, 2012 and 2011
(Expressed in U.S. dollars, unless otherwise stated)
47
5. PIUTANG USAH A (lanjutan) 5. TRADE RECEIVABLES (continued)
1 Januari 2011/ 31 Desember 2010/ January 1, 2011/ 2012 2011 December 31, 2010 Euro Euro
(EUR5.557.249 pada tanggal (EUR5,557,249 as of
31 Desember 2012 dan December 31, 2012 and
EUR13.268.517 pada tanggal EUR13,268,517 as of
1 Januari 2011/31 Desember January 1, 2011/
2010) 7.361.777 - 17.644.132 December 31, 2010)
Dirham Uni Emirat Arab United Arab Emirates Dirham
(AED48.871.367 pada tanggal (AED48,871,367 as of
31 Desember 2012) 13.305.718 - - December 31, 2012)
Jumlah 51.135.329 28.846.771 47.596.484 Total
Berdasarkan analisa umur piutang, komposisi
piutang usaha adalah sebagai berikut: Based on the aging, the composition of trade receivables is as follows:
1 Januari 2011/
31 Desember 2010/
January 1, 2011/
2012 2011 December 31, 2010
Kurang dari 31 hari 15.107.829 16.348.529 40.638.611 Less than 31 days
31 - 90 hari 31.780.189 9.085.383 2.990.110 31 - 90 days
91 - 180 hari 2.839.581 1.508.391 1.124.921 91 - 180 days
181 - 360 hari 8.917.695 1.837.976 1.684.637 181 - 360 days
Lebih dari 360 hari 1.536.264 813.408 2.322.437 More than 360 days
Jumlah 60.181.558 29.593.687 48.760.716 Total
Dikurangi penyisihan atas kerugian Less allow ance for impairment losses
penurunan nilai piutang usaha (9.046.229) (746.916) (1.164.232) on trade receivables
Neto 51.135.329 28.846.771 47.596.484 Net
Mutasi peny isihan atas kerugian penurunan nilai
piutang usaha adalah sebagai berikut: The changes in allowance for impairment losses on trade receivables are as follows:
1 Januari 2011/
31 Desember 2010/
January 1, 2011/
2012 2011 December 31, 2010
Saldo awal 746.916 1.164.232 388.739 Beginning balance
Perubahan selama tahun berjalan Changes during the year
Penambahan penyisihan 8.322.744 194.596 787.051 Additional provision
Penghapusan piutang (26.809) (129) (25.061) Write-off
Selisih nilai tukar 3.378 (395) 13.503 Foreign exchange difference
Pembalikan karena divestasi DSAW - (611.388) - Reversal due to divestment of DSAW
Saldo akhir 9.046.229 746.916 1.164.232 Ending balance
Peny isihan kerugian penurunan nilai dilakukan untuk menutup kemungkinan kerugian adanya piutang y ang tidak tertagih. Pada tahun 2012, penambahan atas akun ini, sebagian besar dikarenakan penyisihan atas piutang pelanggan di Republik Arab Sy ria.
The allowance for impairment losses is provided to cover the possible losses from uncollectible accounts. In 2012, the addition of the allowance for impairment losses is mostly due to the allowance for trade receivable of customer in Syrian Arab Republic.
Berdasarkan hasil penelaahan kolektibilitas akun piutang pelanggan tertentu pada akhir tahun dan ev aluasi kolektif atas kemungkinan penurunan nilai piutang, manajemen Grup berpendapat bahwa peny isihan penurunan nilai piutang usaha cukup untuk menutup kemungkinan kerugian atas tidak tertagihny a piutang usaha.
Based on a review of the collectibility of specific trade receivable accounts at end of the year and collective assessment of the possible impairment of trade receivables, the Group’s management is of the opinion that the allowance for impairment losses is adequate to cover possible losses from the non- collection of the accounts.
The consolidated financial statements are originally issued in the Indonesian language.
PT CITRA TUBINDO Tbk DAN ENTITAS AN AK CATATAN ATAS L APOR AN KEUANGAN
KONSOLIDASIAN
Tahun Yang Berakhir Pada Tanggal-tanggal 31 Desember 2012 dan 2011
(Disajikan dalam dolar AS, kecuali dinyatakan lain)
PT CITRA TUBINDO Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS Years Ended December 31, 2012 and 2011
(Expressed in U.S. dollars, unless otherwise stated)
5. PIUTANG USAH A (lanjutan) 5. TRADE RECEIVABLES (continued)
Piutang usaha tertentu senilai Sin$2.000.000 pada tanggal 31 Desember 2012 dijaminkan sehubungan dengan pinjaman bank jangka pendek dari PT Bank CIMB Niaga Tbk (Catatan 12).
Certain trade receivables amounting to
Sin$2,000,000 on December 31, 2012 are used as collateral for the short-term loan facility obtained from PT Bank CIMB Niaga Tbk (Note 12).
6. TRANS AKSI D AN S ALDO DENGAN PIHAK-