6M-2015 Consolidated Financial Statements

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Daftar Isi

Halaman

Laporan Reviu atas Informasi Keuangan Interim

Laporan Posisi Keuangan Konsolidasian

Interim ……….1-2

Laporan Laba Rugi dan Penghasilan

Komprehensif Lain Konsolidasian Interim ……..… 3-4

Laporan Perubahan Ekuitas Konsolidasian

Interim …...5

Laporan Arus Kas Konsolidasian Interim ...6-7

Catatan atas Laporan Keuangan

Konsolidasian Interim………8-216

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Table of Contents

Page

Report on Review of Interim Financial Information

Interim Consolidated Statement of Financial

Position………..……… 1-2

Interim Consolidated Statement of Profit or Loss and Other Comprehensive Income ………3-4

Interim Consolidated Statement of Changes in

Equity ……… 5

Interim Consolidated Statement of Cash Flows .……6-7

Notes to the Interim Consolidated Financial

Statements………..8-216

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Catatan atas laporan keuangan konsolidasian interim terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan

konsolidasian interim secara keseluruhan.

The accompanying notes to the interim consolidated financial statements form an integral part of these interim consolidated

financial statements taken as a whole.

Catatan/ June 30, 2015 (As Restated - (As Restated -

Notes (Unaudited) Note 4) Note 4)

ASET ASSETS

ASET LANCAR CURRENT ASSETS

2f,2g,2h,2w,

3,4,5,35,

Kas dan setara kas 37,41,42,43, 753.029.471 1.130.950.217 1.233.589.407 Cash and cash equivalents

2f,2g,2h,2w,3,4,

Kas yang dibatasi penggunaannya 35,41,42,43, - - 856.963 Restricted cash

2f,2h,2w,3,6,

Investasi jangka pendek 35,41,42,43 67.193.003 92.588.146 85.384.831 Short-term investments

Piutang usaha - setelah dikurangi 2f,2w,3,4,7, Trade receivables - net of

cadangan kerugian 17,28,35, allowance for impairment

penurunan nilai 41,42,43, 261.011.977 294.523.470 249.923.429 losses

2f,2w,3,4,8,28

Piutang lain-lain - neto 41,42,43 55.379.572 69.599.876 39.787.859 Other receivables – net

Piutang promissory notes - 13.714.628 27.615.265 Promissory notes receivables

Persediaan - neto 2i,9,22 43.496.752 62.605.239 14.590.942 Inventories - net

Uang muka jatuh tempo dalam 2h,2w,4,10, Current maturities of

waktu satu tahun 35,38,43 132.140.123 56.220.753 42.575.856 advances

Beban dibayar di muka 4,11 9.735.231 14.790.377 1.488.730 Prepaid expenses

Total Aset Lancar 1.321.986.129 1.734.992.706 1.695.813.282 Total Current Assets

ASET TIDAK LANCAR NON-CURRENT ASSETS

Uang muka - setelah dikurangi

bagian jatuh tempo dalam 2f,2w,4,10 Advances - net of

waktu satu tahun 35,38,39,43 117.582.334 118.899.606 84.887.358 current maturities

Piutang usaha - setelah dikurangi 2f,3,4,7, Trade receivables - net of

cadangan kerugian 17,28,35, allowance for impairment

penurunan nilai 41,42,43, 1.124.821 - - losses

Piutang lain-lain jangka panjang 2f,12,29,41,42 207.020.298 61.790.787 40.265.562 Other long-term receivables

Piutang promissory notes - - 13.714.632 Promissory notes receivables

Aset pajak tangguhan - neto 2x,3,4,22e,38 45.087.369 37.078.338 29.877.941 Deferred tax assets - net

Penyertaan saham 24,13,35 317.141.112 348.539.492 314.682.723 Investment in shares of stock

Aset tetap - setelah dikurangi 2n,2q,3,4,14,19,22, Fixed assets - net of accumulated

akumulasi penyusutan 27,28,44,45 1.923.823.942 2.204.775.070 1.510.619.821 depreciation

Aset eksplorasi dan evaluasi 2l,2n,3,15a 49.892.307 12.744.097 53.057 Exploration and evaluation assets

Properti minyak dan gas - setelah Oil and gas properties - net of

dikurangi akumulasi penyusutan, accumulated depreciation, depletion,

deplesi, amortisasi dan cadangan amortization and allowance for

kerugian penurunan nilai 2m,3,15,16,44 1.638.695.354 1.416.588.326 409.142.221 impairment losses

Estimasi tagihan pajak 2x,3,22 87.971.961 74.031.226 33.557.745 Estimated claims for tax refund

Goodwill dan aset tak berwujud Goodwill and other

lainnya - neto 2d,3,4,16,44 50.518.862 50.676.966 3.734.094 intangible assets - net

Lain-lain 6.523.169 8.000.898 3.540.262 Others

Total Aset Tidak Lancar 4.445.381.529 4.333.124.806 2.444.075.416 Total Non-Current Assets

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(Tidak Diaudit)/ Dec. 31, 2014 Jan. 1, 2014

Catatan/ June 30, 2015 (As Restated - (As Restated -

Notes (Unaudited) Note 4) Note 4)

LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY

LIABILITAS JANGKA PENDEK CURRENT LIABILITIES

Pinjaman bank jangka pendek 2f,2h,2w - - 300.000.000 Short-term bank loans

2f,2h,2w,17,

Utang usaha 35,41,42,43 137.145.945 137.678.773 158.320.476 Trade payables

2f,2t,2w,4,18,

Utang lain-lain 41,42,43 112.181.582 115.321.354 50.744.273 Other payables

2f,2t,2w,4,19,22,

Liabilitas yang masih harus dibayar 41,42,43 198.625.177 659.680.454 172.230.598 Accrued liabilities

Liabilitas imbalan kerja 2f,2t,2w,4,33, Short-term employee’s

jangka pendek 35,43 28.317.615 39.291.056 33.974.158 benefits liabilities

Utang pajak 2w,2x,3,4,22,43 29.097.081 32.450.394 28.693.531 Taxes payable

Pinjaman jangka panjang jatuh 2f,2h,2p,2w,4,20, Current maturities of

tempo dalam waktu satu tahun 35,41,42,43 72.088.190 47.745.427 61.349.024 long-term loans

Total Liabilitas Jangka Pendek 577.455.590 1.032.167.458 805.312.060 Total Current Liabilities

LIABILITAS JANGKA PANJANG NON-CURRENT LIABILITIES

Liabilitas pajak tangguhan - neto 2w,2x,16,22,34 137.292.787 142.128.120 23.341.473 Deferred tax liability – net

Utang derivatif 2f,2w,2bb,31,41,42 6.991.872 11.005.055 11.927.017 Derivative payable

Liabilitas pembongkaran aset dan Asset abandonment and restoration

restorasi area dan provisi lain-lain 2v,3,22,36 35.021.611 73.554.156 8.362.470 obligations and other provisions

Pinjaman jangka panjang - setelah

dikurangi bagian jatuh tempo 2f,2h,2p,2w,4,20,31, Long-term loans - net of

dalam waktu satu tahun 35,41,42,43 723.404.219 473.038.896 572.955.857 current maturities

Utang obligasi 1b,2,21,29,41,42 1.332.987.904 1.332.255.514 - Bonds payables

Liabilitas jangka panjang Long-term liabilities for

imbalan kerja 2u,2w,3,4,33,35 113.071.860 125.947.112 105.552.371 employees’ benefits

Pendapatan diterima di muka 2w 2.943.045 3.035.878 3.193.652 Unearned income

Total Liabilitas Jangka Panjang 2.351.713.298 2.160.964.731 725.332.840 Total Non-Current Liabilities

TOTAL LIABILITAS 2.929.168.888 3.193.132.189 1.530.644.900 TOTAL LIABILITIES

EKUITAS EQUITY

Ekuitas yang dapat diatribusikan Equity attributable to owners of

kepada pemilik entitas induk the parent entity

Modal saham - nilai nominal Share capital

Rp100 per saham Par value Rp100 per share

Modal dasar - 70.000.000.000 saham Authorized - 70,000,000,000 shares

yang terdiri dari 1 saham Seri A which consist of 1 Series A

Dwiwarna dan 69.999.999.999 Dwiwarna share and 69,999,999,999

Saham seri B Series B share

Issued and fully paid -

Modal ditempatkan dan disetor penuh - 24,241,508,196 shares which

24.241.508.196 saham yang terdiri dari consist of 1 Series A Dwiwarna

1 saham Seri A Dwiwarna dan share and 24,241,508,195

24.241.508.195 saham Seri B 2w,23 344.018.831 344.018.831 344.018.831 Series B shares

Modal saham diperoleh kembali 1b,2w,23 (251.054) (251.054) (251.054) Treasury stock

Modal disetor lainnya 2w,4,22,23 284.339.313 284.339.313 284.339.313 Other paid-in capital

Saldo laba 2r,2w,4,24 Retained earnings

Dicadangkan 2.337.056.340 1.885.579.675 1.469.980.145 Appropriated

Tidak dicadangkan (82.568.359) 412.849.632 563.903.330 Unappropriated

Komponen ekuitas lainnya 2c,2w,2x,4,7,22,34 (45.326.015) (52.511.136) (52.850.303) Other components of equity

Total Ekuitas yang Dapat Diatribusikan Total Equity Attributable to Owners

Kepada Pemilik Entitas Induk 2.837.269.056 2.874.025.261 2.609.140.262 of the Parent Entity

Kepentingan nonpengendali 2c,2w,4,34 929.714 960.062 103.536 Non-controlling interests

TOTAL EKUITAS 2.838.198.770 2.874.985.323 2.609.243.798 TOTAL EQUITY

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30 Juni 2015 (Disajikan Kembali-

(Enam Bulan) Catatan 4)

(Tidak Diaudit)/ June 30, 2014

June 30, 2015 (Six Months)

(Six Months) Catatan/ (As Restated -

(Unaudited) Notes Note 4)

2h,2s,2z,

PENDAPATAN NETO 1.415.880.437 4,25,35,44 1.625.896.221 NET REVENUES

2h,2s,2z

BEBAN POKOK PENDAPATAN (937.064.159 ) 4,26,35,38,44 (977.928.339) COST OF REVENUES

LABA BRUTO 478.816.278 647.967.882 GROSS PROFIT

Pendapatan lain-lain 26.365.446 2s,4,44 12.218.346 Other income

Beban distribusi dan transmisi (109.488.921 ) 2s,2u,2z,4,14,27 (102.417.401 ) Distribution and transmission expense

2s,2u,2z,

Beban umum dan administrasi (83.413.066 ) 4,7,9,14,28,37 (83.760.207 ) General and administrative expense

Penurunan nilai Impairment losses of

properti minyak dan gas (18.423.864 ) 2m,3,16,40 - property of oil and gas

Beban lain-lain (3.972.561 ) 2s,4,22,44 (3.286.442 ) Other expenses

LABA OPERASI 289.883.312 470.722.178 OPERATING PROFIT

Laba (rugi) kurs - neto 6.415.055 2w,32,44 (16.823.013) Gain(loss) on foreign exchange – net

Laba perubahan nilai wajar Gain on change in fair value of

derivatif - neto 985.810 2bb,31 4.470.874 derivative - net

Bagian laba dari entitas asosiasi dan Share in profit of the associated entities

ventura bersama 35.429.817 13,44 35.792.253 and joint ventures

Pendapatan keuangan 10.448.675 2s,4,5,6,30,44 15.858.214 Finance income

Beban keuangan (58.628.799 ) 2s,2v,4,20,29,4 (22.809.188 ) Finance cost

LABA SEBELUM BEBAN PAJAK 284.533.870 487.211.318 PROFIT BEFORE TAX EXPENSE

BEBAN PAJAK TAX EXPENSE

Kini (71.889.889 ) 2x,22 (84.792.946) Current

Tangguhan 14.524.906 2x,22 (32.363.762) Deferred

Beban Pajak - Neto (57.364.983) (117.156.708 ) Tax Expense - Net

LABA PERIODE BERJALAN 227.168.887 370.054.610 PROFIT FOR THE PERIOD

PENGHASILAN KOMPREHENSIF LAIN OTHER COMPREHENSIVE INCOME

Pos-pos yang tidak akan Item not to be reclassified

rekaslifikasi ke laba rugi to profit or loss

Keuntungan (kerugian) aktuaria 11.493.957 2u,4,33 (6.102.141) Actuarial gains (Losses)

Pajak penghasilan terkait (2.330.346 ) 2x,4,22 1.311.468 Income tax effect

9.163.611 (4.790.673)

Pos-pos yang akan direkaslifikasi ke

laba rugi: Items to be reclassified to profit or loss:

Perubahan nilai wajar aset keuangan Changes in fair value of available-for-sale

tersedia untuk dijual (3.648 ) 2f,4,8 6.279.792 financial assets

Selisih kurs karena penjabaran Difference in foreign currency

laporan keuangan translation of the financial statements

Entitas Anak - neto (1.838.005 ) 2c,4 794.941 of Subsidiaries - net

Sub-total 7.321.958 2.284.060 Sub-total

Pajak penghasilan terkait - 2x,4,22 - Income tax effect

PENGHASILAN OTHER COMPREHENSIVE

KOMPREHENSIF LAIN SETELAH PAJAK 7.321.958 2.284.060 INCOME AFTER TAX

TOTAL PENGHASILAN KOMPREHENSIF TOTALCOMPREHENSIVE

PERIODE BERJALAN 234.490.845 372.338.670 INCOME FOR THE PERIOD

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30 Juni 2014

(Enam Bulan)

30 Juni 2015 (Disajikan Kembali-

June 30, 2015 (Six Months)

LABA PERIODE BERJALAN PROFIT FOR THE PERIOD

YANG DAPAT DIATRIBUSIKAN KEPADA: ATTRIBUTABLE TO:

Pemilik entitas induk 227.336.072 370.050.808 Owners of the parent entity

Kepentingan nonpengendali (167.185 ) 2c,4 3.802 Non-controlling interests

TOTAL 227.168.887 370.054.610 TOTAL

TOTAL PENGHASILAN KOMPREHENSIF TOTAL COMPREHENSIVE INCOME

PERIODE BERJALAN YANG DAPAT FOR THE PERIOD ATTRIBUTABLE TO:

DIATRIBUSIKAN KEPADA:

Pemilik entitas induk 234.521.193 372.334.726 Owners of the parent entity

Kepentingan nonpengendali (30.348 ) 2c,4 3.944 Non-controlling interests

TOTAL 234.490.845 372.338.670 TOTAL

LABA PER SAHAM DASAR YANG BASIC EARNINGS PER SHARE

DAPAT DIATRIBUSIKAN KEPADA ATTRIBUTABLE TO EQUITY

PEMILIK ENTITAS INDUK 0,01 2aa,4,40 0,02 HOLDERS OF THE PARENT ENTITY

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Catatan atas laporan keuangan konsolidasian interim terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasian interim secara keseluruhan.

The accompanying notes to the interim consolidated financial statements form an integral part of these interim consolidated financial statements taken as a whole.

Selisih Perubahan

Kurs karena Nilai Wajar

Penjabaran Aset Keuangan

Laporan Keuangan yang Tersedia

Entitas Anak/ untuk Dijual/

Modal Saham Difference in Keuntungan Changes

Ditempatkan dan Saldo Laba/Retained Earnings Foreign Currency (Kerugian) in Total Komponen

Disetor Penuh/ Modal Disetor _Translation _Aktuaria/ _{Fair Value of} _{Ekuitas Lainnya/} _Kepentingan

Issued and Fully Modal Saham Lainnya/ Tidak of the Financial Actuarial Available Total Other Nonpengendali/

Catatan/ Paid Capital Diperoleh Kembali/ Other Paid Dicadangkan/ Dicadangkan/ Statements Gains for-sale Components Non-controlling Total Ekuitas/

Notes Stock Treasury Stock in Capital Appropriated Unappropriated of Subsidiaries (Losses) Financial Assets of Equity Interests Total Equity

Saldo pada tanggal 1 Januari 2014 344.018.831 (251.054) 157.254.312 1.477.639.771 562.892.631 (15.049.827 ) (30.329.442) (6.853.617) (52.232.886) 181.822.251 2.671.143.856 Balance as of January 1, 2014

Penyesuaian neto yang timbul dari penerapan Net adjustment arising from adoption of

Pernyataan Standar Akuntasi Keuangan Statement of Financial Accounting

(“PSAK”) No.24 dan No. 66 Standard (“PSAK”) No. 24 and No. 66

(Revisi 2013) 2,4 - - 127.085.001 (7.659.626) 1.010.699 - (617.417) - (617.417) (181.718.715) (61.900.058) (Revised 2013)

Saldo pada tanggal 1 Januari 2014 344.018.831 (251.054) 284.339.313 1.469.980.145 563.903.330 (15.049.827) (30.946.859) (6.853.617) (52.850.303) 103.536 2.609.243.798 Balance as of January 1, 2014

(Disajikan Kembali) (As restated) (Unaudited)

Laba periode berjalan (disajikan kembali) 2,4 - - - - 370.050.808 - - - - 3.802 370.054.610 Profit for the period (as restated)

Pendapatan (kerugian) komprehensif lain 2,4 - - - 794.941 (4.790.815) 6.279.792 2.283.918 142 2.284.060 Other comprehensive income

Total pendapatan komprehensif (disajikan Total comprehensive income (loss)

kembali) periode berjalan 2014 24 - - - - 370.050.808 794.941 (4.790.815) 6.279.792 2.283.918 3.944 372.338.670 (As restated)for the period 2014

Pembayaran dividen 24 - - - - (445.884.253) - - - (445.884.253 ) Payment of dividends

Pencadangan saldo laba untuk

cadangan tujuan 24 - - - 414.648.981 (414.648.981) - - - Appropriation for specific reserve

Saldo pada tanggal 30 Juni 2014 344.018.831 (251.054) 284.339.313 1.884.629.126 73.420.904 (14.254.886) (35.737.674) (573.825) (50.566.385) 107.480 2.535.698.215 Balance as of June 30, 2014

(Disajikan Kembali) (Tidak Diaudit) (As Restated) (Unaudited)

Saldo pada tanggal 1 Januari 2015 344.018.831 (251.054) 157.254.312 1.892.288.752 425.113.463 (16.168.150) (35.399.445) 405.001 (51.162.594) 195.808.065 2.963.069.775 Balance as of January 1, 2015

Penyesuaian neto yang timbul dari penerapan Net adjustment arising from adoption of

Pernyataan Standar Akuntasi Keuangan Statement of Financial Accounting

(“PSAK”) No.24 dan No. 66 Standard (“PSAK”) No. 24

(Revisi 2013) - - 127.085.001 (6.709.077) (12.263.831) 65.800 (1.414.342) - (1.348.542) (194.848.003) (88.084.452) (Revised 2013)

Saldo pada tanggal 1 Januari 2015 344.018.831 (251.054) 284.339.313 1.885.579.675 412.849.632 (16.102.350) (36.813.787) 405.001 (52.511.136) 960.062 2.874.985.323 Balance as of January 1, 2015

(Disajikan Kembali) (As restated)

Laba periode berjalan 2015 - - - - 227.336.072 - - - - (167.185) 227.168.887 Profit for the period 2015

Pendapatan (kerugian) komprehensif lain - - - (1.838.005) 9.026.774 (3.648) 7.185.121 136.837 7.321.958 Other comprehensive income (loss)

Total laba komprehensif

periode berjalan 2015 - - - - 227.336.072 (1.838.005) 9.026.774 (3.648) 7.185.121 (30.348) 234.490.845 Total comprehensive income for the period 2015

Pembayaran dividen 24 - - - - (271.277.398) - - - - - (271.277.398) Payment of dividends

Pencadangan saldo laba untuk

cadangan tujuan 24 - - - 451.476.665 (451.476.665) - - - Appropriation for specific reserve

Saldo pada tanggal 30 Juni 2015 (Tidak Diaudit) 344.018.831 (251.054) 284.339.313 2.337.056.340 (82.568.359) (17.940.355) (27.787.013) 401.353 (45.326.015) 929.714 2.838.198.770 Balance as of June 30, 2015 (Unaudited)

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June 30, 2015 (Six Months)

ARUS KAS DARI AKTIVITAS CASH FLOWS FROM OPERATING

OPERASI ACTIVITIES

Penerimaan dari pelanggan 1.433.787.798 1.605.242.152 Receipts from customers

Penerimaan dari penghasilan bunga 15.118.729 15.024.404 Receipts from interest income

Pembayaran kepada pemasok (914.901.461 ) (947.979.361) Payments to suppliers

Pembayaran untuk beban operasi Payments for operating expenses

dan aktivitas operasi lainnya (346.799.967 ) (190.018.121) and other operating activities

Pembayaran pajak penghasilan Payments for income taxes

setelah dikurangi penerimaan net of receipts from

dari tagihan pajak (79.483.029 ) (165.278.764) claims for tax refund

Pembayaran beban keuangan (48.502.937 ) (17.623.872) Payments for finance cost

Pembayaran kepada karyawan (33.044.750 ) (35.662.743) Payments to employees

Kas neto yang diperoleh dari Net cash provided by

aktivitas operasi 26.174.383 263.703.695 operating activities

ARUS KAS DARI AKTIVITAS CASH FLOWS FROM INVESTING

INVESTASI ACTIVITIES

Penerimaan dividen dari Entitas Dividends received from associated

Asosiasi dan Ventura bersama 66.828.198 13 31.762.167 entity and joint ventures

Penambahan kas yang Additions to

dibatasi penggunaannya - 856.963 restricted cash

Akuisisi entitas anak tidak langsung, Acquisition of indirect subsidiaries,

setelah dikurangi kas yang diperoleh 16 (633.897.017) net of cash acquired

Penambahan aset minyak dan gas (272.380.485 ) (70.640.041) Additions to oil and gas assets

Penambahan piutang carried (121.270.770 ) - Additions to carried receivable

Penambahan aset tetap (106.297.411 ) (148.840.657) Additions to fixed assets

Penambahan aset eksplorasi dan Additioba to exploration and

evaluasi (33.339.881 ) - evaluation assets

Penambahan kerjasama operasi minyak Additional interest in oil and gas

dan gas bumi atau kontrak jasa/ operation or service contract/

perjanjian partisipasi (70.890.494 ) - participation sharing agreement

Penerimaan dari pelepasan investasi Proceeds from disposal

jangka pendek 26.366.407 6 - of short-term investments

Kas neto yang digunakan untuk Net cash used in

aktivitas investasi (510.984.436 ) (820.758.585) investing activities

ARUS KAS DARI AKTIVITAS CASH FLOWS FROM FINANCING

PENDANAAN ACTIVITIES

Penerimaan pinjaman sindikasi 320.000.000 - Receipts of syndication loans

Pembayaran dividen (268.723.467 ) (443.982.248) Payments of dividends

Pembayaran pinjaman jangka panjang (27.442.537 ) (16.984.518) Payments of long-term loans (Pembayaran) penerimaan atas derivatif (3.027.373 ) 804.843 (Payments) receipts of derivative

Penerimaan atas penyertaan saham Receipts from the issuance

oleh kepentingan nonpengendali of shares to non-controlling

Entitas Anak 56.256 - interest of the Subsidiary

Pembayaran Payments of short-term

pinjaman bank jangka pendek - (700.000.000) bank loans borrowings

Penerimaan hasil obligasi - 21 1.336.933.523 Receipts from the issuance of bonds

Penerimaan pinjaman Receipts from short-term

bank jangka pendek - 500.000.000 bank loans borrowings

Kas neto yang diperoleh dari Net cash provided by

aktivitas pendanaan 20.862.879 676.771.600 financingactivities

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June 30, 2015 (Six Months)

Net effects of foreign exchange

Pengaruh perubahan kurs neto differences on cash and

dari kas dan setara kas 86.026.428 (14.536.007) cash equivalents

(PENURUNAN) KENAIKAN NET (DECREASE) INCREASE IN

NETO KAS DAN SETARA KAS (377.920.746) 105.180.703 CASH AND CASH EQUIVALENTS

KAS DAN SETARA KAS CASH AND CASH EQUIVALENTS

AWAL PERIODE 1.130.950.217 1.233.589.407 AT BEGINNING OF PERIOD

KAS DAN SETARA KAS CASH AND CASH EQUIVALENTS

AKHIR PERIODE 753.029.471 2g,5 1.338.770.110 AT END OF PERIOD

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PT Perusahaan Gas Negara (Persero) Tbk (“Perusahaan”) pada awalnya bernama Firma L. J. N. Eindhoven & Co. Gravenhage yang didirikan pada tahun 1859. Kemudian, pada tahun 1950, pada saat diambil alih oleh Pemerintah Belanda, Perusahaan diberi nama NV. Netherland Indische Gaz Maatschapij (NV. NIGM). Pada tahun 1958, saat diambil alih oleh Pemerintah Republik Indonesia, nama Perusahaan diganti menjadi Badan Pengambil Alih Perusahaan-Perusahaan Listrik dan Gas (BP3LG) yang kemudian beralih status menjadi BPU-PLN pada tahun 1961. Pada tanggal 13 Mei 1965, berdasarkan Peraturan Pemerintah No. 19/1965, Perusahaan ditetapkan sebagai perusahaan negara dan dikenal sebagai Perusahaan Negara Gas (PN. Gas). Berdasarkan Peraturan Pemerintah No. 27 tahun 1984, PN. Gas diubah menjadi Perusahaan Umum (“Perum”) dengan nama Perusahaan Umum Gas Negara. Setelah itu, status Perusahaan diubah dari Perum menjadi perusahaan perseroan terbatas yang dimiliki oleh negara (“Persero”) dan namanya berubah menjadi PT Perusahaan Gas Negara (Persero) berdasarkan Peraturan Pemerintah No. 37 tahun 1994 dan Akta Pendirian Perusahaan No. 486 tanggal 30 Mei 1996 yang diaktakan oleh Notaris Adam Kasdarmaji, S.H., Akta Pendirian telah disahkan oleh Menteri Kehakiman Republik Indonesia dalam Surat Keputusan No. C2-7729HT.01.01.Th.96. tanggal 31 Mei 1996 dan diumumkan dalam Lembaran Berita Negara Republik Indonesia No. 8508 Tambahan Berita Negara No. 80 tanggal 4 Oktober 1996.

PT Perusahaan Gas Negara (Persero) Tbk

(the “Company”) originally named

Firma L. J. N. Eindhoven & Co. Gravenhage, was established in 1859. Subsequently, the entity was named NV. Netherland Indische Gaz Maatschapij (NV. NIGM), when the Dutch Government took control in 1950. In 1958, when the Government of the Republic of Indonesia took over the entity, the Company’s name was changed to Badan

Pengambil Alih Perusahaan-Perusahaan

Listrik dan Gas (BP3LG) and then later became BPU-PLN in 1961. On May 13, 1965,

based on Government Regulation

No. 19/1965, the entity was declared as a

state-owned company (“Perusahaan

Negara”) and became known as Perusahaan

Negara Gas (PN. Gas). Based on

Government Regulation No. 27 year 1984, PN. Gas was converted into a public Service

Enterprise (“Perum”) under the name

Perusahaan Umum Gas Negara. Afterwards, the status of the Company was changed from Perum to a state-owned limited liability company (“Persero”) and the name was changed to PT Perusahaan Gas Negara (Persero) based on Government Regulation No. 37 year 1994 and the Deed of Establishment No. 486 dated May 30, 1996 as notarized by Adam Kasdarmaji, S.H., The Deed of Establishment was approved by the Ministry of Justice of the Republic of

Indonesia in its Decision Letter

No. C2-7729HT.01.01.Th.96. dated

May 31, 1996 and was published in the State Gazette of the Republic of Indonesia No. 8508 dated October 4, 1996, Supplement No. 80.

Anggaran Dasar Perusahaan telah mengalami beberapa kali perubahan selama enam bulan yang berakhir pada tanggal 30 Juni 2015, yang terakhir berdasarkan Akta Notaris No. 23 dan 24 dari Notaris Fathiah Helmi, S.H., tanggal 6 April 2015, masing-masing terkait perubahan Anggaran Dasar Perusahaan dan perubahan susunan Dewan Komisaris. Perubahan ini telah dilaporkan dan diterima oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia masing - masing

The Company’s Articles of Association have been amended several times during the six month ended June 30, 2015, most recently based on Notarial Deed No. 23 and 24 of

Notary Fathiah Helmi, S.H., dated

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Sesuai dengan Pasal 3 Anggaran Dasar Perusahaan dan Peraturan Pemerintah No. 37 tahun 1994, Perusahaan bertujuan untuk melaksanakan dan menunjang kebijaksanaan dan program Pemerintah di bidang ekonomi dan pembangunan nasional, khususnya di bidang pengembangan pemanfaatan gas bumi untuk kepentingan umum serta penyediaan gas dalam jumlah dan mutu yang memadai untuk melayani kebutuhan masyarakat.

As stated in Article 3 of the Company’s Articles of Association and in the Government Regulation No. 37 year 1994, the Company’s purpose is to implement and support the

Government’s economic and national

development programs, particularly in

developing uses of natural gas for the benefit of the public, as well as in the supply of a sufficient volume and quality of gas for public consumption.

Untuk mencapai tujuan tersebut, Perusahaan dapat melaksanakan perencanaan, pembangunan, pengelolaan dan usaha hilir bidang gas bumi yang meliputi kegiatan pengolahan, pengangkutan, penyimpanan dan niaga, perencanaan, pembangunan, pengembangan produksi, penyediaan, penyaluran dan distribusi gas buatan; atau usaha lain yang menunjang usaha di atas sesuai dengan peraturan perundang-undangan yang berlaku. Pada saat ini, usaha utama Perusahaan adalah distribusi dan transmisi gas bumi ke pelanggan industri, komersial dan rumah tangga.

To achieve these objectives, the Company is to carry out planning, construction, operating and development of natural gas downstream

business which includes processing,

transporting, storing and trading, planning,

construction, production development,

supplying and distribution of processed gas; or other businesses which support the foregoing activities in accordance with prevailing laws and regulations. Currently, the

Company’s principal business is the

distribution and transmission of natural gas to industrial, commercial and household users.

Kantor Pusat Perusahaan berkedudukan di Jl. K.H. Zainul Arifin No. 20, Jakarta. Untuk mencapai sasaran penjualan yang lebih responsif, Perusahaan membagi wilayah usaha menjadi tiga Regional Distribution (RD) and satu Regional Transmission (RT), terbagi dalam:

The Company’s Head Office is located at Jl. K.H. Zainul Arifin No. 20, Jakarta. To achieve responsive sales target, the Company has divided its business areas into three Regional

Distribution (RD) and one Regional

Transmission (RT), as follows:

1. Regional Distribution I, mencakup

Wilayah Jawa Bagian Barat sampai dengan Sumatera Selatan, yang terdiri dari Penjualan dan Layanan Area Banten, Jakarta, Bogor, Bekasi, Lampung, Cilegon, Karawang, Cirebon, dan Palembang.

1. Regional Distribution I, covers Western Java Region until South Sumatera, which consists of Sales and Service Area Banten, Jakarta, Bogor, Bekasi, Lampung,

Cilegon, Karawang, Cirebon, and

Palembang.

2. Regional Distribution II, mencakup

Wilayah Jawa Bagian Timur, yang terdiri dari Penjualan dan Layanan Area Surabaya, Sidoarjo-Mojokerto, dan Pasuruan-Probolinggo.

2. Regional Distribution II, covers Eastern Java Region, which consists of Sales and

Service Area Surabaya, Sidoarjo-

Mojokerto, and Pasuruan-Probolinggo.

3. Regional Distribution III, mencakup

(15)

4. Regional Transmission, dibentuk berdasarkan Surat Keputusan Direksi No. 024200.K/12/UT/2006 pada tanggal 18 Oktober 2006 sebagai unit bisnis operasi transmisi gas bumi Perusahaan yang berkedudukan di Jakarta serta meliputi wilayah Sumatera -Jawa.

4. Regional Transmission, established based on Decision Letter of Director No. 024200.K/12/UT/2006 dated October 18, 2006 as a Company’s business unit for operation of natural gas transmission domiciled in Jakarta and covers Sumatera - Java region.

Perusahaan dimiliki oleh Pemerintah Republik Indonesia selaku pemegang saham mayoritas.

The Company is majority owned by the Government of the Republic of Indonesia.

b. Penawaran Umum Efek Perusahaan b. The Company’s Public Offering

Pada tanggal 5 Desember 2003, Perusahaan memperoleh pernyataan efektif dari Badan Pengawas Pasar Modal untuk melakukan penawaran umum saham kepada masyarakat sebanyak 1.296.296.000 saham, yang terdiri dari 475.309.000 saham dari divestasi saham Pemerintah Republik Indonesia, pemegang saham Perusahaan dan 820.987.000 saham baru. Saham Perusahaan dicatatkan di Bursa

Efek Indonesia pada tanggal

15 Desember 2003.

On December 5, 2003, the Company obtained the effective statement from Capital Market Supervisory Agency to conduct the public offering of its 1,296,296,000 shares which comprised of 475,309,000 shares from divestment of the Government of the

Republic of Indonesia’s shares, the

Company’s shareholders and 820,987,000 new shares. The Company’s shares were listed at the Indonesia Stock Exchange on December 15, 2003.

Berdasarkan Risalah Rapat Umum Pemegang Saham Luar Biasa yang diadakan pada tanggal 13 Juni 2008 dan diaktakan dengan Akta Notaris No. 49 dari Notaris Fathiah Helmi, S.H., tanggal 13 Juni 2008, para pemegang saham menyetujui pemecahan nilai nominal saham Seri A Dwiwarna dan saham Seri B dari Rp500 per saham menjadi Rp100 per saham, sehingga jumlah saham Perusahaan meningkat dari 14 miliar saham menjadi 70 miliar saham dan jumlah saham ditempatkan dan disetor penuh yang semula sebesar 4.593.437.193 saham akan meningkat menjadi 22.967.185.965 saham. and Series B shares from Rp500 per share to Rp100 per share resulting in the increase of the number of the Company’s shares from 14 billion shares to become 70 billion shares and increase in the issued and paid-up capital from 4,593,437,193 shares to become 22,967,185,965 shares.

Berdasarkan Risalah Rapat Umum Pemegang Saham Luar Biasa yang diadakan pada tanggal 22 Desember 2008 dan diaktakan oleh Notaris Fathiah Helmi, S.H., dengan Akta No. 29, pemegang saham menyetujui untuk dilakukannya pembelian kembali saham Perusahaan (buy back

shares) dengan alokasi dana untuk buy back

maksimal sebesar Rp450.000.000.000 yang

Based on the Minutes of the Extraordinary General Shareholders’ Meeting held on December 22, 2008 which were notarized by Fathiah Helmi, S.H., with Notarial Deed No. 29, the shareholders approved the Company’s buy-back shares with maximum

fund allocated amounting to

(16)

(lanjutan) (continued)

Pada tanggal 24 Oktober 2008, Perusahaan melakukan pembelian kembali atas saham yang telah beredar sebesar 1.850.000 lembar saham dengan harga pembelian senilai Rp1.350 per saham dengan nilai sebesar Rp2.501.246.250 (setara US$251.054) termasuk biaya transaksi.

On October 24, 2008, the Company repurchased the issued shares amounting to 1,850,000 shares with purchase price Rp1,350 per share with total amount of Rp2,501,246,250 (equivalent to US$251,054) inclusive of transaction cost.

Perusahaan menyajikan nilai saham yang diperoleh kembali tersebut diatas sebesar US$251.054 pada akun “Modal Saham Diperoleh Kembali” sebagai bagian dari ekuitas di dalam laporan posisi keuangan konsolidasian.

The Company presented the buy-back shares amounting to US$251,054 as discussed above as “Treasury Stock” account as part of equity in the consolidated statements of financial position.

Pada tanggal 12 Mei 2014, Perusahaan

menerbitkan dan mencatatkan

US$1.350.000.000 Unsecured Fixed Rate

Notes yang jatuh tempo pada tahun 2024

pada Bursa Efek di Singapura (Catatan 21).

On May 12, 2014, the Company issued and listed US$1,350,000,000 Unsecured Fixed Rate Notes due 2024 at the Singapore

Exchange Securities Trading Limited

(Note 21).

c. Penyelesaian Laporan Keuangan Konsolidasian Interim

c. Completion of the Interim Consolidated Financial Statements

Laporan keuangan konsolidasian interim ini telah diselesaikan dan disetujui untuk diterbitkan oleh Direksi Perusahaan pada tanggal 27 Juli 2015.

The accompanying interim consolidated financial statements were completed and authorized for issue by the Company’s Directors on July 27, 2015.

d. Entitas Anak dan Entitas Asosiasi d. Subsidiaries and Associate Entities

Pada tanggal 30 Juni 2015 dan 31 Desember 2014, persentase kepemilikan Perusahaan, baik secara langsung maupun tidak langsung dan total aset Entitas Anak adalah sebagai berikut:

As of June 30, 2015 and December 31, 2014 the percentage of ownership of the Company, either directly or indirectly and total assets of the Subsidiaries are as follows:

Entitas Anak, Total Aset dalam Juta Dolar AS

Kegiatan Usaha, Kedudukan, Tahun Usaha Sebelum Eliminasi/

dan Tanggal Pendirian/ Komersial Dimulai/ Persentase Kepemilikan/ Total Assets in Millions US Dollar

Subsidiaries, Year Percentage of Ownership Before Elimination

Business Activities, Domiciles, of Commercial

and Date of Establishment Operations Started 2015 2014 2015 2014

Dimiliki langsung oleh Perusahaan/ Held directly by the Company PGN Euro Finance 2003 Limited (PGNEF)

Bidang keuangan/Financing company Mauritius,

24 Juli 2003/July 24, 2003 2003 - 100,00% - -1]

PT PGAS Telekomunikasi Nusantara (PGASKOM)

Jasa telekomunikasi/Telecommunicationservices Indonesia,

10 Januari 2007/January10, 2007 2009 99,93% 99,93% 22 24

PT PGAS Solution (PGASSOL) Konstruksi/Construction Indonesia,

(17)

d. Entitas Anak dan Entitas Asosiasi (lanjutan)

d. Subsidiaries and Associate Entities

(continued)

Dimiliki langsung oleh Perusahaan (lanjutan)/ Held directly by the Company (coninued) PT Saka Energi Indonesia (SEI)

Eksplorasi minyak dan gas bumi/ Exploration of oil and gas Indonesia,

27Juni 2011/June 27, 2011 2013 100,00% 100,00% 2.227 1.894

PT Gagas Energi Indonesia (GEI)

Distribusi gas bumi/Distribution of natural gas Indonesia,

27Juni 2011/June 27, 2011 2012 100,00% 100,00% 73 73

PT PGN LNG Indonesia (PLI) Pengolahan gas alam cair/ Processing of liquefied natural gas Indonesia,

26Juni 2012/June 26, 2012 20143] _100,00% _100,00% ₃₈₁ ₄₃₅

PT Permata Graha Nusantara (Permata)

Pengelolaan dan penyewaan gedung dan peralatan/ Management and leasing of buildings and equipment Indonesia,

17Juni 2014/June 17, 2014 2014 100,00% 100,00% 192 94

Total/Total 3.021 2.633

Dimiliki melalui PT Saka Energi Indonesia (SEI)/ Held through PT Saka Energi Indonesia (SEI)

PT Saka Energi Sumatera (SES) (formerly PT Saka Lematang) Eksplorasi minyak dan gas/

Exploration of oil and gas Indonesia,

24 September 2012/September 24, 2012 2014 100,00% 100,00% 82 76

PT Saka Ketapang Perdana (SKP) Eksplorasi minyak dan gas/ Exploration of oil and gas Indonesia,

17 Oktober 2012/October 17, 2012 -2] _100,00% _100,00% ₂₃₅ ₂₁₈

PT Saka Bangkanai Klemantan (SBK) Eksplorasi dan produksi minyak dan gas/ Exploration and production of oil and gas Indonesia,

11 Maret 2013/March 11, 2013 -2] 100,00% 100,00% 127 122

PT Saka Energi International (SI) Eksplorasi minyak dan gas/ Exploration of oil and gas Indonesia,

(18)

(continued)

Dimiliki melalui PT Saka Energi Indonesia (SEI) (lanjutan)/ Held through PT Saka Energi Indonesia (SEI) (continued) Saka Indonesia Pangkah B.V. (SIP)

Eksplorasi dan produksi minyak dan gas/ Exploration and production of oil and gas

Belanda/Netherlands,

3 Agustus 2007/August 3, 2007 2007 100,00% 100,00% 1.042 1.146

Saka Energi Exploration Production, B.V. (SEEPBV) Eksplorasi dan produksi minyak dan gas/ Exploration and production of oil and gas

Belanda/Netherlands,

24 Desember 2013/December 24, 2013 -2] _100,00% _100,00% ₄₁ ₁₀₂

PT Saka Energi Bangkanai Barat (SEBB) Eksplorasi dan produksi minyak dan gas/ Exploration and production of oil and gas

Indonesia,

12 Mei 2014/May 12, 2014 -2] 100,00% 100,00% 3 -1]

PT Saka Energi Investasi Eksplorasi minyak dan gas/ Exploration of oil and gas

Indonesia,

18 Juli 2014/July 18, 2014 -2] _100,00% _100,00% _-1] _-1]

PT Saka Energi Muara Bakau (SEMB) Eksplorasi minyak dan gas/ Exploration of oil and gas

Indonesia,

10 Februari 2014/February 10, 2014 -2] 100,00% 100,00% 400 -

Total/Total 1.988 1.897

Dimiliki melalui Saka Indonesia Pangkah B.V. (SIP)/ Held through Saka Indonesia Pangkah B.V. (SIP)

Saka Indonesia Pangkah Limited (SIPL) Eksplorasi minyak dan gas/

Exploration of oil and gas Indonesia,

5 Juli 1995/July 5, 1995 2007 100,00% 100,00% 742 787

Saka Pangkah LLC (SP) Eksplorasi minyak dan gas/ Exploration of oil and gas

Indonesia,

12 Juli 1995/July 12, 1995 2007 100,00% 100,00% 111 124

(19)

(continued)

Dimiliki melalui Saka Energi Exploration Production, B.V. (SEEPBV)/ Held through Saka Energi Exploration Production, B.V. (SEEPBV) Saka Energi Muriah Limited (SEML)

(formely Sunny Ridge Offshore Limited (SROL) Eksplorasi minyak dan gas/

Exploration of oil and gas British Virgin Islands,

15 Juli 2009/July 15, 2009 -2] 100,00% 100,00% 102 99

Dimiliki melalui Saka Energi Internasional (SI)/ Held through Saka Energi Internasional (SI) Saka Energi Fasken LLC (Fasken)

Eksplorasi minyak dan gas/ Exploration of oil and gas

Texas,

25 April 2014/April 25, 2014 2014 100,00% 100,00% 195 203

Dimiliki melalui PT PGAS Telekomunikasi Nusantara (PGASKOM)/ Held through PT PGAS Telekomunikasi Nusantara (PGASKOM) PGAS Telecommunications International Pte. Ltd. (PTI)

Jasa telekomunikasi/ Telecommunications services Singapura/Singapore,

24 November 2009/November 24, 2009 2010 100,00% 100,00% 5 5

PT Telemedia Dinamika Sarana (TDS) Jasa telekomunikasi/

Telecommunications services Indonesia,

2 Oktober 2002/October 2, 2002 2013 100,00% 100,00% -1] _-1]

Total/Total 5 5

Dimiliki melalui PT Permata Graha Nusantara/ Held through PT Permata Graha Nusantara PT Kalimantan Jawa Gas (KJG)

Transmisi gas/Gas transmission Indonesia,

23 Juli 2013/July 23, 2013 -2] _80,00% _80,00% ₁₅₅ ₉₁

PT Permata Karya Jasa (Perkasa)

Jasa perbengkelan, pembinaan, penyaluran jasa tenaga kerja/Workshop services, guidance, distribution of labor services

Indonesia,

29 April 2015/April 29, 2015 -2] _75,00% _- _-1] _-

Total/Total 155 91

(20)

(continued)

Perusahaan menerima surat dari Corporate

and Busisess Registration Departement

Negara Mauritius bertanggal 13 Januari 2015 yang menginformasikan bahwa PGN Euro Finance 2003 Limited sudah di hapus dari daftar yang di atur di bawah Company Act

2001 Section 308 dari Negara Mauritius sejak

tanggal tersebut.

The Company received letter from Corporate and Business Registration Department of Mauritius dated January 13, 2015, which informed that, PGN Euro Finance 2003 Limited has been removed from the register under Section 308 of the Company Act 2001 since that date.

Perusahaan dan Entitas Anak (Kelompok Usaha) mempunyai kerjasama operasi minyak dan gas atau kontrak jasa/perjanjian partisipasi dan pembagian ekonomi pada tanggal 30 Juni 2015 dan 31 Desember 2014 sebagai berikut:

The Company and its subsidiaries (the “Group”) has interests in the following oil and gas joint

venture operations or Service

Contracts/Participation and Economic Sharing Agreements as of June 30, 2015 and December 31, 2014:

Hak kepemilikan (%)/Interest (%)

Kerjasama Operasi/ Negara/

Joint Ventures Country 2015 2014

______________________

Blok Ujung Pangkah Indonesia 100,00% 100,00%

Blok South Sesulu Indonesia 100,00% 100,00%

Blok Fasken Texas 36,00% 36,00%

Blok Bangkanai Indonesia 30,00% 30,00%

Blok Bangkanai Barat Indonesia 30,00% 30,00%

Blok Muriah Indonesia 20,00% 20,00%

Blok Ketapang Indonesia 20,00% 20,00%

Blok Muara Bakau Indonesia 11,66% -

Blok South East Sumatera Indonesia 8,91% 8,91%

Blok Lematang-Petar 1] Indonesia 5,00% 5,00%

1] Dalam proses pelepasan/In the process of disposal

Kelompok Usahamelakukansejumlah akuisisi aset selama periode enam bulan yang berakhir pada tanggal 30 Juni 2015 dan tahun 2014 (Catatan 16).

The Group acquired several assets during the six month period ended June 30, 2015 and 2014 (Note 16).

Informasi mengenai Entitas Asosiasi yang dimiliki oleh Kelompok Usaha pada tanggal-tanggal 30 Juni 2015 dan 31 Desember 2014:

Information about Associate entities owned by the Group as of June 30, 2015 and December 31, 2014 are as follows:

Kedudukan dan Tahun Usaha

Komersial Dimulai/ Persentase Kepemilikan/

Domicile and Year Percentage of Ownership

Entitas Asosiasi/ of Commercial Kegiatan Usaha/

Associates Operations Started Business Activities 2015 2014

PT Nusantara Regas (“Regas”) Jakarta, 2012 Pengelolaan dan pengembangan 40,00% 40,00%

fasilitas FSRT termasuk pembelian

LNG dan pemasaran atas hasil

pengelolaan fasilitas FSRT/

The management and development

of FSRT facilities including purchase

of LNG and marketing of products

arising from the operations of FSRT

facilities

PT Gas Energi Jambi Jambi, 2005 Transportasi dan distribusi gas bumi/ 40,00% 40,00%

Transportation and distribution of

(21)

(continued)

Kombinasi Bisnis Business Combinations

(i) Akuisisi TDS

Pada tanggal 28 Juni 2013, PGASKOM melakukan akuisisi atas 90% saham pada TDS dari pemilik saham sebelumnya dengan imbalan pembelian yang dialihkan dengan total sebesar Rp675.000.000. Atas transaksi ini, PGASKOM mengakui

goodwill sebesar US$55.378.

(i) Acquisition of TDS

On June 28, 2013, PGASKOM acquired 90% equity interests in TDS from the

previous owners with purchase

consideration transferred of

Rp675,000,000. Under this transaction,

PGASKOM recognized a goodwill

amounting to US$55,378.

(ii) Akuisisi SIP

Pada tanggal 26 Juni 2013, SEI melakukan akuisisi atas 100% kepemilikan saham pada Kufpec Indonesia (Pangkah) B.V. (SIP) dari pemilik saham lama, yaitu Kuwait Foreign Petroleum Exploration Company K.S.C. (Closed), dengan imbalan pembelian yang dialihkan sebesar US$259.851.818, yang terdiri dari pengalihan saham sebesar US$74.276.826 dan pengalihan piutang oleh SEI sebesar US$185.574.992. Pada tanggal 17 Juli 2013, SIP telah berganti nama menjadi Saka Indonesia Pangkah B.V. (SIP).

(ii) Acquisition of SIP

On June 26, 2013, SEI acquired 100% equity interests in Kufpec Indonesia (Pangkah) B.V. (SIP) from the previous

owner Kuwait Foreign Petroleum

Exploration Company K.S.C. (Closed), with purchase consideration transferred of

US$259,851,818, which consists of

shares transfer value amounting to

US$74,276,826 and assignment of

receivable by SEI amounting to

US$185,574,992. On July 17, 2013, SIP changed its name to Saka Indonesia Pangkah B.V. (SIP).

(iii) Akuisisi SIPL dan SPLLC

Pada tanggal 4 Januari 2014, SIP telah melakukan akuisisi atas 100% kepemilikan saham pada Hess (Indonesia Pangkah) Limited dan Hess Pangkah LLC dari pemilik saham lama, yaitu Hess Oil and Gas Holding Inc. dan Hess NWE Holdings, dengan imbalan pembelian yang dialihkan masing-masing sebesar US$564.763.242 dan US$89.501.000, yang terdiri dari akuisisi saham masing-masing sebesar US$27.429.910 dan US$29.424.981 serta pengalihan piutang oleh SEI masing-masing sebesar US$537.333.333 dan US$60.076.021. Selanjutnya pada tanggal 16 Januari 2014, HIPL dan HPLLC berganti nama menjadi Saka Indonesia Pangkah Limited (SIPL) dan Saka Pangkah LLC (SP).

(iii) Acquisition of SIPL and SPLLC

On January 4, 2014, SIP acquired 100% equity interests in Hess (Indonesia Pangkah) Limited and Hess Pangkah LLC from the previous owner Hess Oil and Gas Holding Inc. and Hess NWE Holdings, with the purchase consideration transferred of US$564,763,242 and US$89,501,000, respectively, which consist of acquisition of shares amounting to US$27,429,910 and US$29,424,981 and assignment of

receivable by SEI amounting to

(22)

(continued)

Kombinasi Bisnis (lanjutan) Business Combinations (continued)

(iv) Akuisisi Sunny Ridge Offshore Limited

Pada tanggal 23 Oktober 2014, SEI, melalui Saka Energi Exploration

Production, B.V. (“SEEPBV”)

menandatangani Perjanjian Jual Beli 100% saham Sunny Ridge Offshore Limited (“SROL”) dengan Sunny Ridge Offshore M Limited, dengan imbalan pembelian yang dialihkan sebesar US$40.403.000. SROL memiliki 20% hak kepemilikan di blok Muriah. Perjanjian ini efektif pada tanggal 16 Desember 2014 dengan diterimanya pemberitahuan tertulis dari PC Muriah Ltd (JOA

Co-Venturer) bahwa yang bersangkutan tidak

akan menggunakan hak preferential-nya.

(iv) Acquisition of Sunny Ridge Offshore Limited

On October 23, 2014, SEI, through Saka

Energi Exploration Production, B.V.

(“SEEPBV”) signed a Sale and Purchase Agreement of 100% equity interests in Sunny Ridge Offshore Limited (“SROL”) with Sunny Ridge Offshore M Limited with purchase consideration transferred of

US$40,403,000. SROL owns 20%

participating interest in Muriah block. This

agreement effective on December 16,

2014 upon the receipt of written waiver of PC Muriah Ltd (JOA Co-Venturer)’s preferential right.

Lihat Catatan 16 untuk pengungkapan akuntansi Kombinasi Bisnis dari transaksi tersebut.

See Note 16 for disclosures of the Business

Combination accounting of the above

transactions.

e. Dewan Komisaris, Direksi dan Karyawan e. Boards of Commissioners, Directors and Employees

Susunan Dewan Komisaris dan Direksi

Perusahaan pada tanggal

30 Juni 2015 berdasarkan keputusan Rapat Umum Pemegang Saham Tahunan yang dilaksanakan pada tanggal 6 April 2015 adalah sebagai berikut:

The members of the Company’s Boards of

Commissioners and Directors as of

June 30, 2015 based on the resolution of Annual General Meeting of Shareholders on April 6, 2015 are as follows:

Dewan Komisaris Board of Commissioners

Komisaris Utama/Independen Iman Sugema Chairman of the Board of Commissioners/Independent

Komisaris M. Zamkhani Commissioner

Komisaris Tirta Hidayat Commissioner

Komisaris Ign. Wiratmaja Puja Commissioner

Komisaris Mohamad Ikhsan Commissioner

Komisaris Independen Paiman Rahardjo Independent Commissioner

Dewan Direksi Board of Directors

Direktur Utama Hendi Prio Santoso President Director

Direktur Keuangan M. Riza Pahlevi Tabrani Director of Finance

Direktur Pengusahaan Jobi Triananda Hasjim Director of Operations

Direktur Teknologi dan Pengembangan Djoko Saputro Director of Technology and Development

Direktur Perencanaan Investasi dan Director of Investment Planning and

Manajemen Risiko Muhammad Wahid Sutopo Risk Management

Direktur Sumber Daya Manusia Director of Human Resources

dan Umum Hendi Kusnadi and General Affairs

Susunan Dewan Komisaris dan Direksi Perusahaan pada tanggal 31 Desember 2014 berdasarkan keputusan Rapat Umum

Pemegang Saham Tahunan yang

dilaksanakan pada tanggal 27 Maret 2014 adalah sebagai berikut:

The members of the Company’s Boards of

Commissioners and Directors as of

(23)

e. Dewan Komisaris, Direksi dan Karyawan (lanjutan)

e. Boards of Commissioners, Directors and Employees (continued)

Dewan Komisaris Board of Commissioners

Komisaris Utama Bayu Krisnamurthi Chairman of the Board of Commissioners

Komisaris M. Zamkhani Commissioner

Komisaris Firmanzah Commissioner

Komisaris A. Edy Hermantoro Commissioner

Komisaris Independen Widya Purnama Independent Commissioner

Komisaris Independen Pudja Sunasa Independent Commissioner

Dewan Direksi Board of Directors

Direktur Utama Hendi Prio Santoso President Director

Direktur Keuangan M. Riza Pahlevi Tabrani Director of Finance

Direktur Pengusahaan Jobi Triananda Hasjim Director of Operations

Direktur Teknologi dan Pengembangan Djoko Saputro Director of Technology and Development

Direktur Perencanaan Investasi dan Director of Investment Planning and

Manajemen Risiko Muhammad Wahid Sutopo Risk Management

Direktur Sumber Daya Manusia Director of Human Resources

dan Umum Hendi Kusnadi and General Affairs

Pada tanggal 30 Juni 2015, susunan Komite Audit Perusahaan adalah sebagai berikut:

As of June 30, 2015, the members of the Company’s Audit Committee are as follows:

Ketua Paiman Rahardjo Chairman

Anggota Mohamad Slamet Wibowo Member

Anggota Yovita Lasti Handini Member

Anggota Kurnia Sari Dewi Member

Anggota Achmad Surya Abadi Member

Pada tanggal 31 Desember 2014, susunan Komite Audit Perusahaan adalah sebagai berikut:

As of December 31, 2014, the members of the Company’s Audit Committee are as follows:

Ketua Pudja Sunasa Chairman

Anggota Mohamad Slamet Wibowo Member

Anggota Imbuh Sulistyarini Member

Anggota Kanyatama P. Mulyono Member

Anggota Gunawan Indradi Member

Pada tanggal 30 Juni 2015 dan 31 Desember 2014, jumlah karyawan tetap Perusahaan dan Entitas Anaknya masing-masing adalah 2.270 orang (tidak direview) dan 2.253 orang (tidak diaudit).

As of June 30, 2015 and December 31, 2014 the Company and its Subsidiaries have a total of 2,270 employees (unreviewed) and 2,253 employees (unaudited), respectively.

2. IKHTISAR KEBIJAKAN AKUNTANSI

SIGNIFIKAN

2. SUMMARY OF SIGNIFICANT ACCOUNTING

POLICIES

a. Dasar Penyajian Laporan Keuangan Konsolidasian Interim

a. Basis of Preparation of the Interim

Consolidated Financial Statements

Laporan keuangan konsolidasian interim telah disusun sesuai dengan Standar Akuntansi Keuangan di Indonesia (“SAK”), yang mencakup Pernyataan dan Interpretasi yang diterbitkan oleh Dewan Standar Akuntansi

The interim consolidated financial statements

have been prepared in accordance with Indonesian Financial Accounting Standards (“SAK”), which comprise the Statements and