PT Golden Energy Mines Tbk dan Entitas Anaknya/and its Subsidiaries

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Daftar Isi Table of Contents

Halaman/

Page

Laporan Auditor Independen Independent Auditors’ Report

Laporan Posisi Keuangan Konsolidasian 1-2 Consolidated Statement of Financial Position

Laporan Laba Rugi Komprehensif Konsolidasian 3 Consolidated Statement of Comprehensive Income

Laporan Perubahan Ekuitas Konsolidasian 4 Consolidated Statement of Changes in Equity

Laporan Arus Kas Konsolidasian 5 Consolidated Statement of Cash Flows

Catatan Atas Laporan Keuangan Konsolidasian 6-125 Notes to the Consolidated Financial statements

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ASET ASSETS

ASET LANCAR CURRENT ASSETS

Kas dan setara kas 2d,2e,2g,2i,3,5,17,31,32 780.999.288.709 951.348.181.514 Cash and cash equivalents

Piutang usaha, setelah dikurangi 2d,2i,3,6,17,32 Trade receivables, net of allowance

penyisihan atas penurunan nilai piutang usaha for impairment of trade receivables

sebesar Rp86.406.567 pada tanggal Rp86,406,567 as of December 31, 2013 and

31 Desember 2013 dan 2012 2012

Pihak berelasi 2e,31 533.883.844.600 310.868.597.812 Related parties

Pihak ketiga 13 183.284.942.159 211.432.791.461 Third parties

Piutang lain-lain - pihak ketiga 2i,3,17,32,33 6.205.528.367 11.658.627.561 Other receivables - third parties

Persediaan, neto 2j,2p,7,13 148.445.755.562 103.220.203.378 Inventories, net

Pajak dibayar di muka - 1.134.074 Prepaid taxes

Biaya dibayar di muka dan aset lancar lainnya 2e,2k,8,31,33 209.147.196.888 207.682.702.974 Prepaid expenses and other current assets

Jumlah Aset Lancar 1.861.966.556.285 1.796.212.238.774 Total Current Assets

ASET TIDAK LANCAR NON-CURRENT ASSETS

Piutang lain-lain 2i,3,17,32 Other receivables

Pihak ketiga 33 4.057.560.166 5.425.530.807 Third parties Aset pajak tangguhan, neto 2t,3,15 42.722.171.601 22.263.890.156 Deferred tax assets, net Investasi saham 2i,3,12,17,19,31,32 168.348.395 305.065.720 Investment in shares of stock

Aset tetap, setelah dikurangi Property and equipment, net of

akumulasi penyusutan sebesar accumulated depreciation of

Rp90.810.591.518 dan Rp41.458.244.729 Rp90,810,591,518 and Rp41,458,244,729

masing-masing pada tanggal 31 Desember as of December 31, 2013 and 2012,

2013 dan 2012 2e,2l,2m,2p,3,9,23,24,31 694.183.880.714 550.663.491.903 respectively

Aset pertambangan, neto 1d,2e,2n,2p,3,10,19,22,27,31 1.034.625.123.061 912.025.950.423 Mine properties, net

Goodwill 2o,2p,3,28 8.703.582.324 8.703.582.324 Goodwill

Dana yang dibatasi pencairannya 2e,2h,2i,3,17,31,32,33 10.099.954.915 6.760.587.124 Restricted funds Aset tidak lancar lain-lain 2d,2e,2i,2o,3,11,15,17,22,24,31,32,33 359.247.049.646 130.739.933.805 Other non-current assets

Jumlah Aset Tidak Lancar 2.160.427.011.024 1.644.113.770.659 Total Non-current Assets

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LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY

LIABILITAS JANGKA PENDEK CURRENT LIABILITIES

Utang bank 2d,2i,3,13,17,25,32 58.066.371.407 - Bank loan

Utang usaha 2d,2i,3,14,17,32 Trade payables

Pihak ketiga 424.107.588.529 282.307.268.337 Third parties

Utang lain-lain - pihak ketiga 2d,2i,3,17,32,33 414.828.197.540 116.051.061.763 Other payables - third parties

Utang pajak 2t,11,15 20.688.503.129 40.422.390.607 Taxes payable

Beban akrual 2d,2e,2i,3,16,17,31,32,33 79.364.090.523 61.255.133.881 Accrued expenses

Uang muka pelanggan - pihak ketiga 2d,32 13.518.852.445 1.640.273.750 Advances from customers - third parties

Jumlah Liabilitas Jangka Pendek 1.015.810.673.088 506.386.611.524 Total Current Liabilities

LIABILITAS JANGKA PANJANG NON-CURRENT LIABILITIES

Utang lain-lain - pihak berelasi 2e,2i,3,17,31 - 148.750 Other payables - related party Liabilitas imbalan kerja, neto 2r,3,24,26 26.891.436.000 24.570.976.000 Employee benefits liability, net Liabilitas jangka panjang lainnya 2v 10.715.911.698 7.907.479.258 Other non-current liabilities

Jumlah Liabilitas Jangka Panjang 37.607.347.698 32.478.604.008 Total Non-current Liabilities

JUMLAH LIABILITAS 1.053.418.020.786 538.865.215.532 TOTAL LIABILITIES

EKUITAS EQUITY

Ekuitas yang Dapat Diatribusikan Equity Attributable to Owners

kepada Pemilik Entitas Induk of the Parent

Modal saham - nilai nominal Rp100 per saham Capital stock - Rp 100 par value

Modal dasar - 20.000.000.000 saham Authorized - 20,000,000,000 shares

Modal ditempatkan dan disetor penuh - Issued and paid up - 5,882,353,000

5.882.353.000 saham pada tanggal shares as of December 31, 2013 and

31 Desember 2013 dan 2012 18 588.235.300.000 588.235.300.000 2012

Tambahan modal disetor, neto 2c,2s,10,12,19 2.062.587.414.338 2.062.705.870.831 Additional paid-in capital, net Difference arising from transaction with Selisih transaksi dengan pihak nonpengendali 4 19.139.991.769 19.139.991.769 non-controlling interests

Saldo laba Retained earnings

Dicadangkan 29 2.000.000.000 1.000.000.000 Appropriated

Belum dicadangkan 197.852.729.706 215.014.545.314 Unappropriated

Pendapatan komprehensif lainnya 1g,1h 92.277.316.985 9.652.907.341 Other comprehensive income

Jumlah Ekuitas yang Dapat Diatribusikan Total Equity Attributable to Owners

Kepada Pemilik Entitas Induk 2.962.092.752.798 2.895.748.615.255 of the Parent Kepentingan nonpengendali 2b,20 6.882.793.725 5.712.178.646 Non-controlling Interests

JUMLAH EKUITAS 2.968.975.546.523 2.901.460.793.901 TOTAL EQUITY

JUMLAH LIABILITAS DAN EKUITAS 4.022.393.567.309 3.440.326.009.433 TOTAL LIABILITIES AND EQUITY

taken as a whole. yang tidak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan.

Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian

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

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PENJUALAN NETO 4.427.626.221.656 2d,2e,2q,21,31 3.958.897.172.445 NET SALES BEBAN POKOK PENJUALAN 3.644.017.250.925 2d,2e,2q,10,22,31,33 3.238.659.073.969 COST OF SALES LABA BRUTO 783.608.970.731 720.238.098.476 GROSS PROFIT

Beban penjualan (326.028.976.039) 2q,9,23 (312.325.355.890) Selling expenses

Beban umum dan administrasi (409.068.243.251) 2e,2q,2r,9,11,24,26,31,33 (283.481.483.747) General and administrative expenses Beban eksplorasi (3.247.647.260) 2q (5.755.705.884) Exploration expense

Pendapatan bunga 39.530.347.161 2e,2q,31 68.429.064.642 Interest Income

Keuntungan selisih kurs, neto 164.503.512.126 2d,2q 39.913.524.404 Gain on foreign exchange, net

Beban administrasi bank (3.283.554.735) 2q (2.678.804.708) Bank administration charges

Beban bunga dan keuangan lainnya (8.520.112.488) 2q,13,25 (3.264.877.893) Interest and other financial charges Penghasilan jasa pelabuhan - 2q,33 7.408.128.700 Port Income

Bagian rugi neto entitas anak sebelum Share in net loss of a subsidiary before

kehilangan pengendalian - (172.467.326) loss of control

Beban lain-lain, neto (3.489.986.346) 2e,2n,2q,10,27 (9.325.456.457) Other expenses, net

LABA SEBELUM PAJAK PENGHASILAN 234.004.309.899 218.984.664.317 INCOME BEFORE INCOME TAX

BEBAN (MANFAAT) PAJAK PENGHASILAN 2t,15 INCOME TAX EXPENSE (BENEFIT)

Kini 82.876.040.741 58.852.034.526 Current

Tangguhan (19.140.164.637) (18.801.895.308) Deferred

63.735.876.104 40.050.139.218

LABA TAHUN BERJALAN 170.268.433.795 178.934.525.099 PROFIT FOR THE YEAR

PENDAPATAN KOMPREHENSIF LAINNYA OTHER COMPREHENSIVE INCOME

Exchange different due to financial statements Selisih kurs karena penjabaran laporan keuangan 83.966.544.513 1g,1h 19.130.545.145 translation

JUMLAH LABA KOMPREHENSIF TAHUN TOTAL COMPREHENSIVE INCOME

BERJALAN 254.234.978.308 198.065.070.244 FOR THE YEAR

Laba tahun berjalan yang dapat

diatribusikan kepada: Profit for the year attributable to:

Pemilik entitas induk 169.132.303.892 177.745.694.802 Owners of the Parent

Kepentingan nonpengendali 1.136.129.903 2b,20 1.188.830.297 Non-controlling interests

170.268.433.795 178.934.525.099

Jumlah laba komprehensif tahun berjalan Total comprehensive income for the year

yang dapat diatribusikan kepada: attributable to:

Pemilik entitas induk 251.756.713.536 196.515.007.611 Owners of the Parent Kepentingan nonpengendali 2.478.264.772 1.550.062.633 Non-controlling interests

254.234.978.308 198.065.070.244

LABA PER SAHAM

Dasar dari laba tahun berjalan EARNINGS PER SHARE

yang diatribusikan kepada Pemilik Basic from profit for the year

entitas induk 28,75 2u,30 30,22 attributable to Owners of the Parent

form an integral part of these consolidated financial statements taken as a whole.

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

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Dampak dari kehilangan pengendalian atas entitas anak/

Effect of loss of control over a subsidiary - - - - - - - (1.139.326) (1.139.326)

Dividen/ Dividend 29 - - - - (136.764.707.250) - (136.764.707.250) - (136.764.707.250)

Dividen entitas anak kepada kepentingan nonpengendali/

Dividend of subsidiaries to non-controlling interests - - - - - - - (1.274.738.698) (1.274.738.698)

Dicadangkan/ Appropriate 29 - - - 1.000.000.000 (1.000.000.000) - - -

-Laba tahun berjalan/ Profit for the year - - - - 177.745.694.802 - 177.745.694.802 1.188.830.297 178.934.525.099 Saldo pada tanggal 31 Desember 2012/ Balance as of December 31, 2012 588.235.300.000 2.062.705.870.831 19.139.991.769 1.000.000.000 215.014.545.314 9.652.907.341 2.895.748.615.255 5.712.178.646 2.901.460.793.901

Selisih kurs karena penjabaran laporan keuangan/

Exchange different due to financial statements translation 1g,1h - - - - - 82.624.409.644 82.624.409.644 1.342.134.869 83.966.544.513

Selisih nilai transaksi dengan entitas sepengendali/

Difference in value from transactions of entities under common control 19 - (118.456.493) - - - - (118.456.493) - (118.456.493)

Dividen/ Dividend 29 - - - - (185.294.119.500) - (185.294.119.500) - (185.294.119.500)

Dividen entitas anak kepada kepentingan nonpengendali/

Dividend of subsidiaries to non-controlling interests - - - - - - - (1.307.649.693) (1.307.649.693)

Dicadangkan/ Appropriate 29 - - - 1.000.000.000 (1.000.000.000) - - -

-Laba tahun berjalan/ Profit for the year - - - - 169.132.303.892 - 169.132.303.892 1.136.129.903 170.268.433.795 Saldo pada tanggal 31 Desember 2013/ Balance as of December 31, 2013 588.235.300.000 2.062.587.414.338 19.139.991.769 2.000.000.000 197.852.729.706 92.277.316.985 2.962.092.752.798 6.882.793.725 2.968.975.546.523

The accompanying notes to the consolidated financial statements Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian

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ARUS KAS DARI AKTIVITAS OPERASI CASH FLOWS FROM OPERATING ACTIVITIES

Penerimaan dari pelanggan 4.244.637.402.866 3.654.724.762.133 Cash receipts from customers

Pembayaran kepada kontraktor, pemasok dan lainnya (3.625.288.170.730) (3.562.918.864.475) Cash paid to contractors, suppliers and others

Pembayaran kepada karyawan (136.826.904.914) (135.472.174.935) Cash paid to employees

Pembayaran DHPB dan deadrent kepada pemerintah (223.126.626.565) (219.210.277.944) Royalty fees and deadrent paid to Government

Penghasilan bunga 40.002.475.140 68.429.064.642 Interest received

Pembayaran beban bunga dan keuangan lainnya (8.361.017.028) (3.264.877.893) Payments of interest and other financial charges Pembayaran pajak penghasilan badan (90.041.271.934) (182.146.818.649) Payments of corporate income tax

Kas Neto Diperoleh dari (Digunakan untuk)

Aktivitas Operasi 200.995.886.835 (379.859.187.121) Net Cash Provided by (Used in) Operating Activities

ARUS KAS DARI AKTIVITAS INVESTASI CASH FLOWS FROM INVESTING ACTIVITIES

Penjualan aset tetap - 93.431.818 Proceeds from sale of property and equipment

Perolehan aset tetap (93.198.105.767) (252.246.277.655) Acquisition of property and equipment

Pembayaran tambang dalam pengembangan (14.278.082.073) 10 (62.477.378.856) Payments of mines under construction Pembayaran uang muka ganti rugi lahan (99.326.155.500) (92.451.783.275) Payments of advances for land compensation

Payments of advances for purchases of Pembayaran uang muka pembelian aset tetap (86.960.685) (6.449.810.565) property and equipment Perubahan dalam aset tidak lancar lain-lain (28.759.632.389) 11.255.142.915 Change in of other non-current assets Perubahan dalam dana yang dibatasi pencairannya (3.339.367.791) (3.808.259.151) Change in restricted fund

Kas Neto Digunakan untuk Aktivitas Investasi (238.988.304.205) (406.084.934.769) Net Cash Used in Investing Activities

ARUS KAS DARI AKTIVITAS PENDANAAN CASH FLOWS FROM FINANCING ACTIVITIES

Penerimaan utang bank 91.590.927.173 - Proceeds from bank loans Pembayaran utang bank (37.336.338.224) 13 - Payments of bank loan Pembayaran liabilitas sewa pembiayaan - (70.538.706) Payments of lease liabilities

Pembayaran utang bank dan Payments for loans payable to bank and financial

lembaga keuangan - (1.475.996.317) institutions

Pembayaran biaya emisi saham - (2.421.312.000) Payment of stock issuance costs

Pembayaran dividen (186.397.878.814) (138.430.247.116) Payment of dividends

Kas Neto Digunakan untuk Aktivitas Pendanaan (132.143.289.865) (142.398.094.139) Net Cash Used in Financing Activities

PENURUNAN NETO KAS DAN SETARA KAS (170.135.707.235) (928.342.216.029) NET DECREASE IN CASH AND CASH EQUVALENTS PENGARUH PERUBAHAN KURS VALUTA ASING (213.185.570) 1.042.537.994 EFFECT OF FOREIGN EXCHANGE RATE CHANGES

DAMPAK DARI KEHILANGAN PENGENDALIAN ATAS EFFECT OF LOSS OF CONTROL OVER

ENTITAS ANAK - (142.946.729) A SUBSIDIARY

CASH AND CASH EQUIVALENTS KAS DAN SETARA KAS AWAL TAHUN 951.348.181.514 5 1.878.790.806.278 AT THE BEGINNING OF THE YEAR

CASH AND CASH EQUIVALENTS KAS DAN SETARA KAS AKHIR TAHUN 780.999.288.709 5 951.348.181.514 AT THE END OF THE YEAR

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1. Umum 1. General

a. Pendirian Perusahaan a. Establishment of the Company

PT Golden Energy Mines Tbk (Perusahaan) didirikan dengan nama PT Bumi Kencana Eka Sakti berdasarkan Akta No. 81 tanggal 13 Maret 1997 yang dibuat dihadapan Imam Santoso, S.H., notaris di Jakarta. Akta pendirian telah disahkan oleh Menteri Kehakiman Republik Indonesia (sekarang Menteri Hukum dan Hak Asasi Manusia Republik Indonesia) dalam Surat Keputusan

No. C2-7.922HT.01.01.TH.98 tanggal

30 Juni 1998 serta diumumkan dalam Berita Negara Republik Indonesia No. 30 tanggal 12 April 2002, Tambahan No. 3667.

PT Golden Energy Mines Tbk (the Company) was established under the name of PT Bumi Kencana Eka Sakti based on Notarial Deed No. 81 dated March 13, 1997 of Imam Santoso, S.H., public notary in Jakarta. The Deed of Establishment was approved by the Ministry of Justice of the Republic of Indonesia (currently the Ministry of Law and Human Rights of the Republic of Indonesia) in its Decision Letter

No. C2-7.922HT.01.01.TH.98 dated

June 30, 1998 and was published in the State Gazette of the Republic of Indonesia No. 30 dated April 12, 2002, Supplement No. 3667.

Anggaran Dasar Perusahaan telah

mengalami beberapa kali perubahan,

terakhir dengan Akta No. 10 tanggal 3 Februari 2012 dari Linda Herawati, S.H., notaris di Jakarta, untuk disesuaikan dengan Peraturan Bapepam-LK No. IX.J.1 tanggal

14 Mei 2008 tentang pokok-pokok

Anggaran Dasar Perseroan yang melakukan Penawaran Umum Efek. Akta perubahan ini telah disahkan oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dalam Surat Keputusan No. AHU-08684.AH.01.02. Tahun 2012 tanggal 20 Februari 2012.

The Company’s Articles of Association have been amended several times, most recently by Notarial Deed No. 10 dated February 3, 2012 of Linda Herawati, S.H., public notary in Jakarta, to be in accordance with Bapepam - LK regulation

No. IX.J.1 dated May 14, 2008

regarding Articles of Association of

the Companies Conducting Public Offering This Amendment was approved by the Ministry of Law and Human Rights of the Republic of Indonesia in its Decision Letter No. AHU-08684.AH.01.02. Tahun 2012 dated February 20, 2012.

Saat ini Perusahaan bergerak dalam bidang pertambangan melalui penyertaan pada entitas anaknya dan perdagangan batubara. Perusahaan memulai kegiatan komersialnya

pada tahun 2010. Pada tanggal

4 Februari 2011, berdasarkan Keputusan

Menteri Energi dan Sumber Daya

Mineral No.206.K./30/DJB/2011, Perusahaan memperoleh Izin Usaha Pertambangan

Operasi Produksi Khusus untuk

Pengangkutan dan Penjualan Batubara untuk jangka waktu 3 (tiga) tahun dan saat ini masih dalam proses perpanjangan. Perusahaan berkedudukan di Sinar Mas Land Plaza, Menara II, Lantai 6, Jl. M.H. Thamrin Kav. 51, Jakarta 10350.

Currently, the Company is engaged in coal mining through its subsidiaries and in coal

trading. The Company started its

commercial operations in 2010. On

February 4, 2011, based on the Decision of the Ministry of Energy and Mineral Resource No. 206.K./30/DJB/2011, the

Company obtained Particular License

of IUP Operation Production for

Transportation and Trade of Coal which is valid for 3 (three) years and currently under renewal process. The Company’s main office is located at Sinar Mas Land Plaza, Tower II, 6th Floor, Jl. M.H. Thamrin Kav. 51, Jakarta 10350.

Dalam laporan keuangan konsolidasian, Perusahaan dan entitas anaknya bersama-sama disebut sebagai “Grup”.

In the consolidated financial statements, the

Company and its subsidiaries are

collectively referred to as “the Group”. Perusahaan tergabung dalam Grup usaha

Sinarmas.

The Company operates under the Sinarmas group of business.

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1. Umum (lanjutan) 1. General (continued)

b. Penawaran Umum Efek Perusahaan b. Public Offering of Shares

Pada tanggal 9 November 2011, Perusahaan

memperoleh pernyataan efektif dari

Ketua Badan Pengawas Pasar Modal dan Lembaga Keuangan (Bapepam-LK) dengan Surat No. S-12171/BL/2011 untuk

melakukan penawaran umum saham

perdana sebanyak 882.353.000 saham

seharga Rp2.500 per saham kepada

masyarakat. Pada tanggal 17 November

2011 seluruh saham tersebut telah

dicatatkan pada Bursa Efek Indonesia.

On November 9, 2011, the Company obtained the Notice of Effectivity from the Chairman of the Capital Market and Financial Institutions Supervisory Agency (Bapepam-LK) in his Letter No. S-12171/ BL/2011 for its offering to the public of 882,353,000 shares at Rp2,500 per share. On November 17, 2011 all of these shares were listed in the Indonesia Stock Exchange.

Pada tanggal 31 Desember 2013, seluruh saham Perusahaan sejumlah 5.882.353.000

saham telah tercatat di Bursa Efek

Indonesia.

As of December 31, 2013, all of the Company’s shares totaling 5,882,353,000 shares were listed in the Indonesia Stock Exchange.

c. Entitas-entitas Anak yang Dikonsolidasikan c. Consolidated Subsidiaries

Entitas-entitas anak yang dimilki perusahaan secara langsung maupun tidak langsung, adalah sebagai berikut:

The Company’s subsidiaries, owned

directly or indirectly, are as follows:

Tahun

Operasi Jumlah Aset

Komersial/ (Sebelum Eliminasi)

Start of

Domisili/ Jenis Usaha/ Commercial Kepemilikan Efektif/ Total Assets

Effective Ownership (Before Elimination) Interest

Domicile Nature of Business Operations 2013 2012 2013 2012

% % Rp'000 Rp'000

Pemilikan langsung/Direct Ownership:

PT Roundhill Capital Indonesia (RCI) Jakarta Pusat/ Penyertaan saham/ - 99,016 99,016 1.202.489.146 992.381.307

Central Jakarta Holding company

PT Kuansing Inti Makmur (KIM) Muara Bungo, Pertambangan 2005 99,998 99,998 1.296.092.870 913.980.143

Kabupaten Bungo, batubara/

Jambi Coal mining

PT Trisula Kencana Sakti (TKS) Barito Utara, Pertambangan 2008 70,000 70,000 126.964.382 127.968.435

Kabupaten Barito batubara/

Utara, Coal mining

Kalimantan Tengah/ Central Kalimantan

GEMS Coal Resources Pte. Ltd.(GEMSCR) Singapura/ Singapore Perdagangan besar/ 2012 100,000 100,000 147.379.371 101.750.282

Trading

PT Bumi Anugerah Semesta (BAS) Jakarta Pusat/ Perdagangan besar/ - 100,000 - 9.901.162 -Central Jakarta Trading

Entitas Anak/Subsidiary

December 31, 31 Desember/

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1. Umum (lanjutan) 1. General (continued) c. Entitas–entitas Anak yang Dikonsolidasikan

(lanjutan)

c. Consolidated Subsidiaries (continued)

Jumlah Aset

Tahun (Sebelum Eliminasi)

Operasi 31 Desember/

Komersial/ Kepemilikan Efektif/ Total Assets

Start of Effective Ownership (Before Elimination)

Domisili/ Jenis Usaha/ Commercial Interest

Domicile Nature of Business Operations 2013 2012 2013 2012

% % Rp'000 Rp'000

Pemilikan tidak langsung/Indirect Ownership:

PT Borneo Indobara (BORNEO) Jakarta Pusat/ Pertambangan 2005 98,095 98,095 1.197.277.864 987.379.747

(melalui/through RCI) Central Jakarta batubara/

Coal mining

PT Karya Cemerlang Persada (KCP) Muara Bungo, Pertambangan 2011 99,998 99,998 319.408.102 169.213.234

(melalui/through KIM) Kabupaten Bungo, batubara/

Jambi Coal mining

PT Bungo Bara Utama (BBU) Muara Bungo, Pertambangan - 99,998 99,998 4.749.122 4.057.118

Jambi Coal mining

PT Bara Harmonis Batang Asam (BHBA) Muara Bungo, Pertambangan 2010 99,998 99,998 45.856.754 128.219.570

Jambi Coal mining

PT Berkat Nusantara Permai (BNP) Muara Bungo, Pertambangan - 99,998 99,998 220.686.676 196.664.965

Jambi Coal mining

PT Tanjung Belit Bara Utama (TBBU) Muara Bungo, Pertambangan - 99,998 99,998 323.668.620 249.488.434

Jambi Coal mining

Entitas Anak/Subsidiary

December 31,

RCI RCI

Berdasarkan Keputusan Menteri Energi

dan Sumber Daya Mineral

No. 835.K/30/DJB/2012 tanggal

26 September 2012, RCI telah memperoleh Izin Usaha Pertambangan Operasi Khusus

Untuk Pengangkutan dan Penjualan

Batubara untuk jangka waktu 5 (lima) tahun.

Based on the Decision of the Ministry of

Energy and Mineral Resource

No. 835.K./30/DJB/2012 dated September 26, 2012, RCI obtained Particular License

of IUP Operation Production for

Transportation and Trade of Coal which is valid for 5 (five) years.

KIM KIM

KIM telah memperoleh izin pengusahaan pertambangan batubara sebagai berikut:

KIM has obtained the following coal mining licenses:

Luas Area/ No. Surat Keputusan/ Masa Berlaku/

No. Izin KP/Licenses Daerah/Location Area Decision Letter No. Validity

Hektar/Hectare

1. IUP Operasi Produksi Kecamatan Jujuhan, 199 Keputusan Bupati Bungo/ 23 April 2010 s.d./up to

dan Perubahan atas Kabupaten Bungo, Decision of Bupati Bungo 22 April 2020

IUP tersebut/ Provinsi/Province Jambi No. 251/DESDM Tahun 2010

Production Operations Jo. Keputusan Bupati Bungo/

and the Change of the Jo. Decision of Bupati Bungo

IUP No. 166/DESDM Tahun 2012

2. IUP Operasi Produksi/ Kecamatan Jujuhan, Keputusan Bupati Bungo/ 23 April 2010 s.d./up to

Production Operations Kabupaten Bungo, Decision of Bupati Bungo 22 April 2018

Provinsi/Province Jambi No. 252/DESDM Tahun 2010

(14)

(lanjutan)

TKS TKS

TKS telah memperoleh izin pengusahaan pertambangan batubara sebagai berikut:

TKS has obtained the following coal mining licenses:

Hektar/Hectare

1. IUP Operasi Produksi/ Desa Malateken, 4.748 Keputusan Bupati Barito Utara/ 26 April 2010 s.d./up to Production Operations Gandring, Panaen, Liang Buah, Decision of Bupati - North Barito 25 April 2026

Kecamatan Teweh Tengah/Central No. 188.45/207/2010 dan/and Teweh Timur/East ,

Kabupaten Barito Utara/North , Provinsi/Province Kalimantan Tengah/Central

2. IUP Operasi Produksi/ Desa Malateken 4.959 Keputusan Bupati Barito Utara/ 26 April 2010 s.d./up to Production Operations Gandring dan/and Panaen, Decision of Bupati - North Barito 25 April 2028

Kecamatan Teweh Tengah/Central No. 188.45/208/2010 dan/and Teweh Timur/East ,

Kabupaten Barito Utara/ North , Provinsi/Province Kalimantan Tengah/Central

3. IUP Operasi Produksi/ Desa Saing, Patung, Gandrung, 1.748 Keputusan Bupati Barito Timur/ 14 Agustus/August 2009 Production Operations Kecamatan Dusun Tengah/Central Decision of Bupati - East Barito s.d./up to 14 Agustus/

dan/and Paku, No. 570 tahun/year 2009 August 2019

Kabupaten Barito Timur/East , Provinsi/Province Kalimantan Tengah/Central

GEMSCR GEMSCR

Berdasarkan Keputusan Direksi Perusahaan tanggal 10 Juli 2012, Direksi setuju untuk

mendirikan GEMSCR dengan modal

ditempatkan dan disetor terdiri dari 100.000 saham dengan nilai nominal USD1 per

lembar yang diambil seluruhnya oleh

Perusahaan.

Based on Circular Resolution of the Directors of the Company dated July 10, 2012, the Directors agreed to establish GEMSCR with paid up and issued capital of 100,000 shares with a nominal value of USD1 per share which is fully owned by the Company.

Pada tanggal 13 Juli 2012, telah didirikan GEMSCR yang berdomisili di Singapura dan bergerak di bidang perdagangan batubara.

On July 13, 2012, GEMSCR was

established in Singapore and is engaging in coal trading business.

Berdasarkan Keputusan Rapat Direksi

Perusahaan tanggal 25 Januari 2013, Direksi setuju untuk menambah modal ditempatkan dan disetor kepada GEMSCR sebesar USD4.900.000 sehingga modal ditempatkan dan disetor GEMSCR berubah menjadi USD5.000.000 terbagi sebanyak 5.000.000 lembar saham dengan nilai nominal USD1 per lembar saham dan seluruhnya dimiliki penuh oleh Perusahaan (Catatan 38).

Based on Circular Resolution of the Board of Directors of the Company dated January 25, 2013, the Board of Directors agree to increase the paid up and issued

capital of GEMSCR amounting to

USD4,900,000 therefore the paid up and issued capital of GEMSCR increase to USD5,000,000 consisting of 5,000,000 shares with a nominal value of USD1 per share which is fully owned by the Company (Note 38).

(15)

(lanjutan)

BAS BAS

BAS didirikan berdasarkan Akta No. 70 tanggal 24 Juli 2013 dari Deni Thanur, S.E., S.H., M.Kn., notaris di Jakarta. Akta

pendirian ini disahkan oleh Menteri

Hukum dan Hak Asasi Manusia Republik

Indonesia dalam Surat Keputusan

No. AHU-42235.AH.01.01.Tahun 2013

tanggal 2 Agustus 2013.

BAS was established based on Deed No. 70 dated July 24, 2013 of Deni Thanur, S.E., S.H., M.Kn., a public notary in Jakarta. The Deed of Establishment was

approved by the Ministry of Law

and Human Rights of the Republic of

Indonesia in its Decision Letter

No. AHU-42235.AH.01.01 Tahun 2013 dated August 2, 2013.

Modal dasar BAS sebesar

Rp40.000.000.000 terbagi atas 40.000

saham dengan nilai nominal Rp1.000.000. Modal ditempatkan dan disetor sebesar Rp10.000.000.000 terdiri atas 10.000 saham yang dimiliki oleh Perusahaan sebanyak 9.990 saham dan sisanya dimiliki oleh KIM, entitas anak.

BAS’s authorized capital amounting to Rp40,000,000,000 consisting of 40,000

shares with a nominal value of

Rp1,000,000. Issued and paid up capital amounting to Rp10,000,000,000 consisting of 10,000 shares wherein 9,990 shares were owned by the Company and the remaining owned by KIM, a subsidiary.

BORNEO BORNEO

BORNEO memperoleh izin Pengusahaan

Pertambangan Batubara dari

instansi-instansi berikut:

BORNEO has obtained from the following licenses to conduct coal mining activities:

• Pemerintah Republik Indonesia diwakili

oleh PT Tambang Batubara Bukit

Asam (Persero) (PTBA) dalam

Perjanjian Kerjasama Pengusahaan

Pertambangan Batubara (PKP2B)

No. 007/PK/PTBA-BI/1994 tanggal

15 Agustus 1994. Berdasarkan

perubahan PKP2B antara PTBA dan BORNEO tanggal 27 Juni 1997, efektif sejak tanggal 1 Juli 1997 semua hak dan kewajiban PTBA dalam PKP2B beralih kepada Pemerintah Republik Indonesia yang diwakili oleh Menteri Pertambangan dan Energi (sekarang Menteri Energi dan Sumber Daya Mineral).

• The Government of the Republic

of Indonesia as represented

by PT Tambang Batubara Bukit Asam (Persero) (PTBA) in Coal

Contract of Work (CCoW)

No. 007/PK/PTBA-BI/1994 dated

August 15, 1994. Based on the changes in CCoW between PTBA and BORNEO dated June 27, 1997, effective July 1, 1997, all of the PTBA rights and obligations in CCoW have

been transferred back to the

Government of the Republic of Indonesia which was represented by

Ministry of Mining and Energy

(currently the Ministry of Energy and Mineral Resources).

• Menteri Energi dan Sumber Daya

Mineral No. 10.K/40.00/DJB/2006

tanggal 17 Februari 2006 tentang Permulaan Tahap Kegiatan Produksi Perjanjian Kerjasama Pengusahaan Pertambangan Batubara seluas 24.100 hektar untuk jangka waktu 30 (tiga puluh) tahun.

• Ministry of Energy and Mineral

Resources in its Decision Letter

No. 10.K/40.00/DJB/2006 dated

February 17, 2006 which permits BORNEO concerning the beginning stage of Production Activity of CCoW for 24,100 hectares for a period of 30 (thirty) years.

(16)

(lanjutan)

KCP KCP

KCP telah memperoleh izin pengusahaan pertambangan batubara sebagai berikut:

KCP has obtained the following coal mining license:

Luas Area/ No. Surat Keputusan/ Masa Berlaku/ No. Izin KP/Licenses Daerah/Location Area Decision Letter No. Validity

Hektar/Hectare

1. IUP Operasi Produksi/ Dusun Tanjung Belit, 143 Keputusan Bupati Bungo/ 22 Juli/July 2009 s.d/up to

Production Operations Kecamatan Jujuhan, Decision of Bupati Bungo 21 Juli/July 2019

Kabupaten Bungo, No. 350/DESDM/Tahun 2009 Provinsi/Province Jambi

BBU BBU

BBU telah memperoleh izin pengusahaan pertambangan batubara sebagai berikut:

BBU has obtained the following coal mining licenses:

Hektar/Hectare

1. IUP Operasi Produksi/ Dusun Tanjung Belit, 199 Keputusan Bupati Bungo/ 23 April 2010 s.d./up to

Production Operations Kecamatan Jujuhan, Decision of Bupati Bungo 22 April 2018

Kabupaten Bungo, No. 250/DESDM/Tahun 2010

Provinsi/Province Jambi

2. IUP Operasi Produksi/ Dusun Tanjung Belit, 1.301 Keputusan Bupati Bungo/ 9 Juli/July 2009 s.d./up to

Production Operations Kecamatan Jujuhan, Decision of Bupati Bungo 8 Juli/July 2029

BHBA BHBA

BHBA telah memperoleh izin pengusahaan pertambangan batubara sebagai berikut:

BHBA has obtained the following coal mining license:

Hektar/Hectare

(17)

(lanjutan)

BNP BNP

BNP telah memperoleh izin pengusahaan pertambangan batubara sebagai berikut:

BNP has obtained the following coal mining license:

Hektar/Hectare

1. IUP Operasi Produksi/ Dusun Tanjung Belit, 199 Keputusan Bupati Bungo/ Desember/December 2010

Production Operations Kecamatan Jujuhan, Decision of Bupati Bungo s.d./up to Oktober/October 2019

TBBU TBBU

TBBU telah memperoleh izin pengusahaan pertambangan batubara sebagai berikut:

TBBU has obtained the following coal mining license:

Hektar/Hectare

Berdasarkan Akta No. 24 tanggal

19 September 2012 dari Deni Thanur, S.E., S.H., M.Kn., notaris di Jakarta, para pemegang saham TBBU menyetujui untuk

meningkatkan modal dasar dari

Rp1.000.000.000 terdiri atas 2.000 lembar saham menjadi Rp120.000.000.000 terdiri dari 240.000 lembar saham dan modal

ditempatkan dan disetor penuh dari

Rp250.000.000 terdiri dari 500 lembar saham menjadi Rp30.250.000.000 terdiri dari 60.500 lembar saham atau meningkat Rp30.000.000.000 terdiri dari 60.000 lembar saham yang diambil seluruhnya oleh KIM. Akta tersebut telah disetujui oleh Menteri Hukum dan Hak Asasi Manusia Republik

Indonesia dalam surat No.

AHU-50844.AH.01.02. Tahun 2012 tanggal

28 September 2012.

Based on Deed No. 24 dated

September 19, 2012, of Deni Thanur, S.E., S.H., M.Kn., public notary in Jakarta, the

shareholders of TBBU agreed to

increase its authorized capital from

Rp1,000,000,000 consisting of 2,000

shares to Rp120,000,000,000 consisting of 240,000 shares and its issued and paid up capital from Rp250,000,000

consisting of 500 shares to

Rp30,250,000,000 consisting of 60,500 shares or an increase of Rp30,000,000,000 consisting of 60,000 shares which all were acquired by KIM. The deed was approved by Minister of Law of Human Rights of the Republic of Indonesia in

its Decision Letter No.

AHU-50844.AH.01.02.Tahun 2012 dated

(18)

(lanjutan)

TBBU (lanjutan) TBBU (continued)

Transaksi di atas menyebabkan kepemilikan KCP di TBBU terdilusi dari 99,800% menjadi 0,825% dan kepemilikan efektif KIM di

TBBU berubah dari 99,792%menjadi

99,998% serta kepemilikan efektif

Perusahaan pada TBBU meningkat dari 99,798% menjadi 99,998%. Selisih antara harga pelepasan (akuisisi) dengan nilai buku

investasi sebesar Rp11.588.889.134

disajikan di bagian ekuitas sebagai bagian dari akun “Tambahan modal disetor” pada laporan keuangan KCP dan KIM dan telah

dieliminasi pada laporan keuangan

konsolidasian Perusahaan dan Entitas

Anaknya.

The above transaction causes KCP’s ownership in TBBU diluted from 99.800% to 0.825% and KIM’s effective ownership

interest increased from 99,792% to

99,998% and the effective ownership interest the Company in TBBU increase from 99.798% to 99.998%. The difference between the selling (acquisition) price and the carrying value of investment amounted to Rp11,588,889,134 was presented in the equity section as part of “Paid-in capital” in each KCP’s and KIM’s financial statements

and has been eliminated in the

consolidated financial statements of the Company and its Subsidiaries.

d. Area Eksplorasi dan Eksploitasi d. Exploration and Exploitation Area

Grup memiliki area eksplorasi maupun eksploitasi/pengembangan sebagai berikut (tidak diaudit):

The details of the Group’s exploration and

exploitation/development area are as

follows (unaudited): Jumlah Aset Pertambangan

untuk Tambang dalam Jumlah Cadangan Penyesuaian

Pengembangan dan pada Terbukti dan Terduga Cadangan Jumlah Cadangan

Tahap Produksi pada pada Tanggal Terbukti dan Jumlah Produksi untuk Terbukti dan Terduga Tanggal 31 Desember 2013/ 31 Desember 2012***)/ Terduga *****)/ tahun yang Berakhir pada Tanggal

Total Mine Properties for Total Proven and Adjustment in 31 Desember 2013 ***)/ 31 Desember 2013***)/ Mines under Construction Probable Reserves Proven Total Production Total Proven and

Nama Lokasi/ and Producing Mines as of and Probable for the year Ended Probable Reserves as of

Location as of December 31, 2013 December 31, 2012***) Reserves *****) December 31, 2013 ***) December 31, 2013***)

Jutaan ton/ Jutaan ton/ Jutaan ton/ Jutaan ton/

Million Tons Million Tons Million Tons Million Tons

Blok/Block Batulaki **)*****) 2.376.359.281 6,58 3,78 1,10 9,26

Blok/Block Sebamban **)*****) 29.676.234.395 17,21 (3,05) 0,70 13,46

Blok/Block Kusan dan/and Girimulya **) *****) 178.227.025.254 619,64 (68,72) 2,25 548,67

Blok/Block - I Muara Bungo

-Blok/Block - II Muara Bungo *) 52.437.919.889 Blok/Block - Muara Bungo **) 7.570.527.395

Blok/Block - Muara Bungo *) 18.133.732.535 35,82 5,92 1,31 40,43

Blok/Block - Muara Bungo *) 2.360.944.616 Blok/Block - Muara Bungo *) 502.714.512

Blok/Block Muara Teweh **)******) 61.671.454.613 8,28 (3,81) - 4,47 Blok/Block Ampah ****) 5.549.201.576 0,40 - - 0,40

358.506.114.066

687,93 (65,88) 5,36 616,69

Catatan/Notes :

*) Tambang dalam Pengembangan/ Mines under Construction

**) Sebagian merupakan Aset Pertambangan-Tambang dalam Pengembangan/Part is included in Mine properties-Mines under Construction

***) Tidak diaudit/Unaudited

****) Berdasarkan data internal/Based on internal data

*****) Berdasarkan JORC Reserve Statement dari PT SMG Consultants, pihak independen per Juli 2013 setelah memperhitungkan produksi batubara sampai dengan bulan Desember 2013 (jika ada)/ Based on JORC Reserve Statement from PT SMG Consultants, an independent party, as of July 2013, and after considering coal production up to December 2013 (if any)

******) Berdasarkan JORC Reserve Statement dari PT Danmar Explorindo, pihak independen per September 2013 setelah memperhitungkan produksi batubara sampai dengan bulan Desember 2013 (jika ada)/ Based on JORC Reserve Statement from PT Danmar Explorindo, an independent party, as of September 2013, and after considering coal production up to December 2013 (if any)

TBBU BBU BNP TKS Jumlah/Total Pemilik/ License Owner BORNEO KIM KCP Blok/Block KIM

(19)

e. Cadangan Batubara e. Coal Reserves

Jumlah cadangan batubara yang dimiliki oleh Grup pada tanggal 31 Desember 2013 adalah sebagai berikut (tidak diaudit):

The details of coal reserves owned by the Group as of December 31, 2013, are as follows (unaudited):

Terbukti/Proven Terduga/Probable Jumlah/Total

Jutaan Ton/ Jutaan Ton/ Jutaan Ton/

Million Tons Million Tons Million Tons

Blok/Block Kusan dan/and Girimulya 231,38 317,29 548,67 *)

Blok/Block KIM 32,59 7,84 40,43 *)

Blok/Block Sebamban 6,73 6,73 13,46 *)

Blok/Block Batulaki 6,53 2,73 9,26 *)

277,23

334,59 611,82

Blok/Block Muara Teweh 4,47 - 4,47 **)

Blok/Block Ampah 0,40 - 0,40 ***) Jumlah/Total 282,10 334,59 616,69 Catatan/Notes : *) **) ***)

Based on Independent Technical Study Report from PT Danmar Explorindo, an independent party, as of September 2013, and after considering coal production up to December 2013 (if any)

Based on internal data after considering coal sales which were produced from the Group reserves during 2013 (if any) Cadangan batubara/Coal Reserves Lokasi/Location

Based on JORC Reserve Statement from PT SMG Consultants, an independent party, as of July 2013, and after considering coal production up to December 2013 (if any)

Berdasarkan JORC Reserve Statement dari PT SMG Consultants, pihak independen, per Juli 2013, dan setelah memperhitungkan produksi batubara sampai dengan Desember 2013 (jika ada)/

Berdasarkan Laporan Independent Technical Study dari PT Danmar Explorindo, pihak independen, per September 2013, dan setelah memperhitungkan produksi batubara sampai dengan Desember 2013 (jika ada)/

Berdasarkan data internal setelah memperhitungkan penjualan batubara yang diproduksi dari cadangan batubara Grup selama periode 2013 (jika ada)/

Jumlah produksi batubara Grup sebagai berikut (tidak diaudit):

Total Group’s coal productions are as follows (unaudited): 2013 2012 Ton/Tons Ton/Tons BORNEO 4.044.806 3.784.253 KIM 1.310.744 1.510.397 TKS - 50.637 Jumlah/Total 5.355.550 5.345.287 Blok/Block

Akumulasi jumlah produksi batubara Grup sejak awal kegiatan eksploitasi sampai dengan tanggal 31 Desember 2013 sebesar 21 juta ton.

Accumulated total Group coal production since the beginning of exploitation activity until December 31, 2013 amounting to 21 million tons.

(20)

f. Dewan Komisaris, Direksi, dan Karyawan f. Board of Commissioners, Directors, and

Employees

Pada tanggal 31 Desember 2013, susunan Dewan Komisaris dan Direksi Perusahaan berdasarkan Akta Pernyataan Keputusan Rapat No. 54 tanggal 16 Mei 2013 dari Linda Herawati, S.H., notaris di Jakarta adalah sebagai berikut:

As of December 31, 2013, the members of the Company’s Board of Commissioners

and Directors based on Deed of

Stockholders’ Meeting No. 54 dated May 16, 2013 of Linda Herawati, S.H., public notary in Jakarta, are as follows:

Dewan Komisaris Board of Commissioners

Presiden Komisaris : Lay Krisnan Cahya : President Commissioner

Wakil Presiden Komisaris : Avinash Ramakant Shah : Vice President Commissioner

Komisaris : Wahyudi Harjoyuhianto Tandianza : Commissioner

Komisaris Independen : Ketut Sanjaya : Independent Commissioners

Haji Agus Tagor Bambang Setiawan

Direksi Directors

Presiden Direktur : Fuganto Widjaja : President Director

Wakil Presiden Direktur : Sulekera Lingadevaru Ravi : Vice President Director

Direktur : Bambang Heruawan Haliman : Directors

Kumar Krishnan Mochtar Suhadi

Direktur Tidak Terafiliasi : Indradjaja Lazuardi : Independent Director

Pada tanggal 31 Desember 2012, susunan Dewan Komisaris dan Direksi Perusahaan berdasarkan Akta Pernyataan Keputusan Rapat No. 47 tanggal 19 Juni 2012 dari Linda Herawati, S.H., notaris di Jakarta adalah sebagai berikut:

As of December 31, 2012, the members of the Company’s Board of Commissioners

and Directors based on Deed of

Stockholders’ Meeting No. 47 dated June 19, 2012 of Linda Herawati, S.H., public notary in Jakarta, are as follows:

Dewan Komisaris Board of Commissioners

Presiden Komisaris : Lay Krisnan Cahya : President Commissioner

Wakil Presiden Komisaris : Raaj Kumar : Vice President Commissioner

Komisaris : Michael Jackson Purwanto Widjaja : Commissioner

Komisaris Independen : Ketut Sanjaya : Independent Commissioners

Haji Agus Tagor Bambang Setiawan

Direksi Directors

Presiden Direktur : Fuganto Widjaja : President Director Wakil Presiden Direktur : Ashis Basu : Vice President Director

Direktur : Yudha Wibawa : Directors

Bambang Heruawan Haliman Kumar Krishnan

(21)

1. Umum (lanjutan) 1. General (continued) f. Dewan Komisaris, Direksi, dan Karyawan

(lanjutan)

f. Board of Commissioners, Directors, and

Employees (continued)

Pada tanggal 31 Desember 2013 dan 2012, susunan Komite Audit Perusahaan adalah sebagai berikut:

As of December 31, 2013 and 2012, the

members of the Company’s Audit

Committee, are as follows:

2013 2012

Ketua : Ketut Sanjaya Ketut Sanjaya : Chairman

Anggota : Edwin Hidayat Abdullah Edwin Hidayat Abdullah : Members

H. Agus Tagor Sunarto

Pada tanggal 31 Desember 2013 dan 2012 jumlah karyawan tetap Grup masing-masing 391 dan 412 karyawan (tidak diaudit). Pada tanggal 31 Desember 2013

dan 2012 jumlah karyawan tetap

Perusahaan masing-masing 142 dan 145 karyawan (tidak diaudit).

As of December 31, 2013 and 2012, the Group has 391 and 412 permanent employees, respectively (unaudited). As of December 31, 2013 and 2012, the Company has 142 and 145 permanent employees, respectively (unaudited).

Laporan keuangan konsolidasian PT Golden Energy Mines Tbk dan entitas anaknya untuk tahun yang berakhir 31 Desember 2013 telah diselesaikan dan diotorisasi untuk terbit oleh

Direksi Perusahaan pada tanggal

20 Februari 2014. Direksi Perusahaan yang menandatangani Surat Pernyataan Direksi, bertanggung jawab atas laporan keuangan konsolidasian tersebut.

The consolidated financial statements of PT Golden Energy Mines Tbk and its subsidiaries for the year ended December 31, 2013 were completed and authorized for issue on February 20, 2014. The Company’s Directors who have signed the Directors’ statement are responsible for the consolidated financial statements.

g. Mata Uang Pelaporan g. Reporting Currency

Mata uang pelaporan dan fungsional Grup adalah Rupiah, kecuali untuk GEMSCR dan BORNEO dalam Dolar Amerika Serikat. Mata uang pelaporan GEMSCR, entitas anak, yang didirikan pada tahun 2012

adalah Dolar Amerika Serikat yang

diidentifikasi sebagai mata uang fungsional GEMSCR, berdasarkan lingkungan ekonomi utama dimana entitas beroperasi.

The group reporting and functional currency is Rupiah, except for GEMSCR and BORNEO which is in U.S. Dollar.

The reporting currency of GEMSCR, a subsidiary, established in 2012 is U.S. Dollar which is identified as GEMSCR’s functional currency based on the primary economic environment where is operates.

(22)

g. Mata Uang Pelaporan (lanjutan) g. Reporting Currency (continued)

Sebelum 1 Januari 2012, mata uang pelaporan BORNEO, entitas anak tidak langsung, adalah Rupiah. Sejak 1 Januari 2012, mata uang pelaporan BORNEO

adalah Dolar Amerika Serikat yang

diidentifikasi sebagai mata uang fungsional BORNEO berdasarkan lingkungan ekonomi utama di mana entitas beroperasi. Untuk tujuan pelaporan, saldo awal akun-akun diukur kembali sesuai dengan PSAK No. 10 (revisi 2010), “Pengaruh Perubahan Kurs Valuta Asing” seolah-olah mata uang dalam Dolar Amerika Serikat telah digunakan di

tahun-tahun sebelumnya. Pengukuran

dilakukan sesuai dengan cara berikut:

Prior to January 1, 2012, the reporting

currency of BORNEO, an indirect

ownership subsidiary, was the Rupiah. Starting on January 1, 2012, the reporting currency of Borneo is the U.S. Dollar which is identified as BORNEO’s functional currency based on the primary economic

environment where it operates. For

reporting purposes, the beginning balances of the accounts were remeasured in accordance with PSAK No. 10 (revised 2010), “The Effects of Changes in Foreign Exchange Rates”, as if the reporting currency has been used in prior years. The measurement are based on the following:

• Aset dan liabilitas moneter diukur

kembali dengan menggunakan kurs tanggal pelaporan;

• Monetary assets and liabilities were

translated using the prevailing rates at reporting date;

• Aset dan liabilitas non-moneter serta

modal saham diukur kembali dengan menggunakan kurs historis;

• Non-monetary assets and liabilities

and capital stock were measured using the historical rates;

• Pos non-moneter yang diukur pada nilai

wajar dalam mata uang asing

dijabarkan menggunakan kurs pada tanggal ketika nilai wajar ditentukan;

• Non-monetary items that are

measured at fair value in a foreign currency were translated using the exchange rates at the date when the fair value was determined;

• Perbedaan yang timbul dari

pengukuran kembali di atas dicatat dalam saldo awal dari saldo laba.

• The remeasurement differences

arising from the application of the above procedures were recorded in the beginning retained earnings.

h. Penjabaran dalam Mata Uang Penyajian h. Translation into Presentation Currency

Mata uang penyajian laporan keuangan konsolidasian Grup adalah Rupiah.

The presentation currency of the Group’s consolidated financial statements is in Rupiah.

Sehubungan dengan penyajian laporan

keuangan konsolidasian Grup, laporan

keuangan BORNEO dan GEMSCR

dijabarkan dalam mata uang Rupiah dengan cara sebagai berikut:

In preparing consolidated financial

statements of the Group, BORNEO’s and

GEMSCR’s financial statements were

translated to Rupiah currency based on the following:

• Aset dan liabilitias dijabarkan

menggunakan kurs penutup pada

tanggal pelaporan;

• Assets and liabilities were translated

using the prevailing rates at reporting date;

(23)

1. Umum (lanjutan) 1. General (continued) h. Penjabaran dalam Mata Uang Penyajian

(lanjutan)

h. Translation into Presentation Currency

(continued)

• Penghasilan dan beban dijabarkan

menggunakan kurs tanggal transaksi; dan

• Income and expenses were translated

using the transaction date exchange rate; and

• Seluruh hasil dari selisih kurs diakui

dalam pendapatan komprehensif

lainnya.

• All exchange differences were

recognized in other comprehensive income.

Mutasi akun selisih kurs karena penjabaran laporan keuangan sebagai berikut:

Mutation for exchange different due to financial statements translation account are as follow:

2013 2012

Saldo awal 9.652.907.341 (9.116.405.468) Beginning balance

Efek penjabaran, neto 82.624.409.644 18.769.312.809 Effect due to translation, net

Saldo akhir 92.277.316.985 9.652.907.341 Ending balance

31 Desember/December 31,

2. Ikhtisar Kebijakan Akuntansi dan Pelaporan Keuangan Penting

2. Summary of Significant Accounting and

Financial Reporting Policies

a. Dasar Penyajian Laporan Keuangan

Konsolidasian

a. Basis of Presentation of Consolidated

Financial Statements

Laporan keuangan konsolidasian telah

disusun dan disajikan sesuai dengan

Standar Akuntansi Keuangan di Indonesia (“SAK”), yang mencakup Pernyataan dan Interpretasi yang dikeluarkan oleh Dewan Standar Akuntansi Keuangan Ikatan Akuntan Indonesia dan Peraturan BAPEPAM-LK

No. VIII.G.7 tentang “Penyajian dan

Pengungkapan Laporan Keuangan Emiten atau Perusahaan Publik”, yang terlampir dalam surat KEP-347/BL/2012 (BAPEPAM-LK No. VIII.G.7)

The consolidated financial statements have

been prepared and presented in

accordance with Indonesian Financial

Accounting Standards (“SAK”), which

comprise the Statements and

Interpretations issued by the Board of Financial Accounting Standards of the Indonesian Institute of Accountants and BAPEPAM-LK Regulation No. VIII.G.7 regarding “Presentation and Disclosure of Financial Statements of Issuer or Public Companies”, as attached in letter KEP-347/BL/2012 (BAPEPAM-LK No. VIII.G.7). Laporan keuangan konsolidasian disusun

berdasarkan konsep akrual, kecuali laporan arus kas konsolidasian , dan menggunakan konsep biaya historis, kecuali seperti yang disebutkan dalam catatan atas laporan

keuangan konsolidasian yang relevan.

laporan arus kas konsolidasian disajikan dengan menggunakan metode langsung (direct method), menyajikan penerimaan dan pengeluaran kas dan setara kas yang dikelompokkan dalam aktivitas operasi, investasi dan pendanaan.

The consolidated financial statements have been prepared on the accrual basis, except for the consolidated statements of cash flows, and using the historical cost concept of accounting, except as disclosed in the relevant notes herein. The consolidated statements of cash flows presented using the direct method by classifying the receipts and disbursements of cash and cash equivalents into operating, investing and financing activities.

(24)

2. Ikhtisar Kebijakan Akuntansi dan Pelaporan Keuangan Penting (lanjutan)

2. Summary of Significant Accounting and

Financial Reporting Policies (continued)

a. Dasar Penyajian Laporan Keuangan

Konsolidasian (lanjutan)

a. Basis of Presentation of Consolidated

Financial Statements (continued)

Laporan keuangan GEMSCR, entitas anak di Singapura, telah disusun dan disajikan

sesuai dengan Singapore Financial

Reporting Standards (“SFRS”). Tidak ada rekonsiliasi antara SFRS dan SAK karena tidak ada perbedaan antara SFRS dan SAK yang diterapkan dalam penyusunan dan penyajian laporan keuangan GEMSCR.

The financial statements of GEMSCR, a subsidiary in Singapore, has been prepared and presented in accordance with Singapore Financial Reporting Standards

(“SFRS”). There is no reconciliation

between SFRS and SAK as there is no difference between SFRS and SAK applied for the preparation and presentation of GEMSCR’s financial statements.

b. Prinsip Konsolidasi dan Kombinasi Bisnis b. Principles of Consolidation and

Business Combination

Prinsip Konsolidasi Principles of Consolidation

Grup menerapkan secara retrospektif

PSAK 4 (Revisi 2009), “Laporan Keuangan

Konsolidasian dan Laporan Keuangan

Tersendiri”, kecuali beberapa hal berikut yang diterapkan secara prospektif:

(i) rugi entitas anak yang menyebabkan

saldo defisit bagi kepentingan

nonpengendali (“KNP”);

(ii) kehilangan pengendalian pada entitas anak;

(iii) perubahan kepemilikan pada entitas

anak yang tidak mengakibatkan

hilangnya pengendalian;

(iv) hak suara potensial dalam menentukan keberadaan pengendalian; dan

(v) konsolidasi atas entitas anak yang memiliki pembatasan jangka panjang.

Group retrospectively adopted PSAK 4

(Revised 2009), “Consolidated and

Separate Financial Statements”, except for the following items that were applied prospectively:

(i) losses of a subsidiary that result in a

deficit balance to non-controlling

interests (“NCI”);

(ii) loss of control over a subsidiary; (iii) change in the ownership interest in a

subsidiary that does not result in a loss of control;

(iv) potential voting rights in determining the existence of control; and

(v) consolidation of a subsidiary that is subject to long-term restriction. PSAK No. 4 (Revisi 2009) mengatur

penyusunan dan penyajian laporan

keuangan konsolidasian untuk sekelompok entitas yang berada dalam pengendalian suatu entitas induk, dan akuntansi untuk investasi pada entitas anak, pengendalian bersama entitas dan entitas asosiasi ketika

laporan keuangan tersendiri disajikan

sebagai informasi tambahan.

PSAK No. 4 (Revised 2009) provides for

the preparation and presentation of

consolidated financial statements for a group of entities under the control of a parent, and the accounting for investments in subsidiaries, jointly controlled entities and associated entities when separate financial statements are presented as additional information.

Laporan keuangan konsolidasian meliputi laporan keuangan Perusahaan dan entitas-entitas anaknya seperti yang disebutkan pada Catatan 1c, yang dimiliki oleh Perusahaan (secara langsung atau tidak langsung) dengan kepemilikan saham lebih dari 50% dan dikendalikan oleh Perusahaan.

The consolidated financial statements include the accounts of the Company and its subsidiaries mentioned in Note 1c, in which the Company maintains (directly or indirectly) equity ownership of more than 50% and is controlled by the Company.