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PT ANABATIC TECHNOLOGIES
AND SUBSIDIARIES
CONSOLIDATED FINANCIAL STATETIIENTS
WITH INDEPENDENT AUDITORS' REPORI
YEARS ENDED DECEMBER 3I, 2OI2 AND 2OII
{|r{OONES|AT{ CURREI{CY)
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This otigtnel consotidated linancial stete|r,enl ittcludec! hercin is in lhe tndonesian language
PT ANABATIC TECHNOLOGIES AND SUBSIDIARIES
CONSOLIOATED FINANCIAL STATETIENTS WITI{ INDEPENDENT AUDITORS' REPORT
YEARS ENOEO OECEMBER 3I, 2012 AND 2OII
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Independent Auditors' Report
1-3
Consolidated Statements of Financial.Position
ConsolidatedStatementsofComprehensivelncome.......-..............
Equity
Consolidated Statements of Cash Flows .........
Notes to Consolidated Financial Statements .....
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Consolidated Statements of Changes in
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KosASrH, Nunotveunru, T;AHJo & REKAN
R6oist.ted Publk A@unt.n|3 No 134ZNM 1/2011 (Abndt)
HoNalh lnlsm.0onal
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This oiginal rcpon includecl herein is in lhe lncionesian language.
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lnd60endent Audltora' Report
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Report No. KNT&R-C2/01 03/1 3
The Shareholders, Board of Commissioners, and Directors
PT ANABATIC TECHNOLOGIES
We have audited the consolidated statement of financial position
of PT Anabatic Technologies
lthe "Company") and Subsidiaries (collectively refeffed to as the Group) dated December 31, 2012 and
2011, and lhe related consolidated statements of comprehensive income, changes in equity, and cash
flows for the years then ended. These consolidated financial statements are the responsibility of the
Company's management. Our responsibility is lo express an opinion on these consolidated financial
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stalements based on our audits.
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We conducted our audits in accodance with auditing standards established by the Indonesian Institute of
Certified Public Accountants. Those standards requhe that we plan and perform the audits to obtain
rcasonable assurance about wheiher the financial statements are free of material misstatement. An audit
includes examining, on a test basis. evidence supporting the amounts and disclosures in the financial
statements. An audit also includes assessing the accounting principles used and significant estimates
made by management, as wellas evaluating the overall financial statement presentation. We believe that
our audits provide a reasonable basis lor our opinion.
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In our opinion, the consolidated financial statements referred to above present tairly, in all material
respects, the consolidated flnancial position of the Group as of December 31, 2012 and 2011, and the
consolidated results of their operations, and their cash flows for the years then ended in conformity with
finanoal accounlino standards in Indonesia
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KOSASIH. NURDIYAMAN. TJAHJO & REKAN
.--<-"-azj\---"'r+
Em.nu.l Handolo Pranadlala. Ak,.CPA
Public Accountant Reglstratlon Number AP.0929
D13.
July 3,2013
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lo present the frnancial posiion, resulls ot
pnclces gpn@rally acceplecl in counnes an
iuisclictions other than lndonesia. The stand€rds, procedures, and practices to audil such consolicletecl linencial
slalemgnfs a/s llrose gereally acceptecl ancl appliecl in lnclonesia.
The acconpanying consoliclaled linancial slalenenls ate nol inlended
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operations, and cash flows in accordance wilh accounling $incbles ancl
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PT ANABATIC TECHNOLOGIES AND SUBSIDIARIES
CONSOLIDATED STATEfIIENTS OF FINANCIAL POSITION
DECEMBER 3'I,2O'I2 AND 2O'I,I
(Expressed in Rupiah, unless otheJwise stated)
Noteg
ASSETS
CURRENT ASSETS
Cash and cash equivalents
Trade receivables
Third parties - net of provision for
impairment of Rp 624,826,668 in 2012
and Rp 351,371,223 in 2011
Related parties
Others receivables
Third parties
Related parties
lnventoties
Advances and prepayments
Prepaid taxes
2.4,32,33
in 2011
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lntangible assets
Goodwill
Deferred tax assets
Claim for tax income
Others assets
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Total Noncurrent Assets
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TOTAL ASSETS
2011
193,672,845,137
404,295,145,648
10
10,251,880,21
1
95,551,108,405
330, t77 .57 4 ,140
5.924 ,817 ,097
2.32,33
1,823,964,155
7,635,354,870
10a
2,6,14,20
2,7.32,33
18a
TotalCufienl Assets
NONCURRENT ASSETS
lnvestment in Associate
Restricted deposits
Due from related parties
Fixed assets - net of accumulated
depreciation of Rp 95,106,375,621
in 2012 and Rp 81,798,606,620
2012
66,677,881,057
271 ,323 ,515 ,885
45,803,963,365
19,507 ,497 ,425
1019,168,123,998
1,'156,512,635
2,11,14,20
28.30
2,12
2,13
2,18e
18f
32.33
48,908,879,912
5,961 ,272,549
677,179,924,071
13,901,506,620
1 ,284,021 ,773
3,627,200,000
13,096,431,729
93,635,472,036
52,603,078,s50
2,8,32,33
'10b
44,904 ,430,726
143,927,877 ,087
1,650,000,000
8,139,908,600
4,556,787,702
4,350,296,494
8,654,908,600
3,208,453,416
5,495,814,210
2,688,245,915
131,551,899,616
90,658,'t54,193
4,161 ,415 ,529
r,150,720,023,614
767,838,078,254
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the s e Con solidated F in a nc ia/ Slalemenls.
pai ol
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PT ANABATIC TECHNOLOGIES ANO SUBSIOIARIES
CONSOLIDATEO STATEMENTS OF FINANCIAL POSITION (continu€d)
DECEMBER 31, 20.I2 ANO 2O1I
(Erpros3ed in Rupiah, unless otherwiae 3tated)
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Notes
20't2
2011
LIABILITIES ANO EQUITY
LIABILITIES
CURRENT LIABILITIES
Short-term bank loans
Trade payables
Third parties
Related parties
Other payables
Third partaes
Related parties
Advances from customers
Accrued expenses
Taxes payable
Unearned revenue
Current maturilies of long-term loans
Bank loans
Financing payables
Lease payables
2,14,32,33
2.15.32.33
10
231,845,150,569
177 ,660 ,467 ,226
122,846,206,006
1,600,780,376
432,033,562
2,32.33
16
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22,151,962,555
0c
777.785.986
2,17,32,33
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19
2,32.33
20
271 ,03? ,255 ,110
8,496,960,830
752,389,391
1.678,955,064
162,196,279,407
19,501,853,255
38,876,735,101
25,486,068,63'l
4,073,437,411
4.559,957,534
216,676,455
75,705,569
21
153,188,073
22
347,473,141
39,854,781,034
931,284,564,000
598,857,521,475
2.10d
164,184,600
7,822,875,000
1,751,633,312
861,617,443
5,646,776,000
1.688,722,742
2.32,33
20
2,448,926 ,795
6,522,364,573
,240,375
686,940,155
240,111,917
461,950,525
Total Current Liabilities
NONCURRENT LIABILITIES
oeferred tax liabilities
Employees' benefits liabilities
Due to related parties
Long term loans - net of cu(ent maturities
Bank loans
Financing payables
Lease payables
396.272.372,180
2,14d
2,23
21
22
Total Noncurrent Liabilites
TOTAL LIABILITIES
87
12,961,800,237
16,173,932,591
944,246,384,237
6r5,031,4tr,066
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lhese Consoliclaled F inmcial Sktements.
The accompmying Notes
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PT ANABATIC TECHNOLOGIES AND SUBSIDIARIES
CONSOLIOATED STATEttIIENTS OF FINANCIAL POSITION (continued)
oEcEtrlBER 31.2012 AND 20ll
(Exprg$od in Rupiah, unles3 othelwlgo statod)
Not.8
EOUITY
EQUITY ATTRIBUTABLE TO
T'IE OWNERS OF THE COMPANY
Capital stock - Rp 500 par value
Per share
Authorized - 40,000,000 shares
lssued and fully paid
- 34,500,000 shares
Additional paid-in capital
Retained earnings
24
25
2011
2012
17,250,000,000
14,500,000,000
17,250,000,000
14,500,000,000
72,108,169,692
43,430,462,280
5,180,462,2a0
Equity attributable to the owners of the Company
Noncontrolling interest
103,858,169,692
102.615,489,685
TOTAL EQUIW
206,473,659,377
t52,806,624,19E
1,150,720,023,614
767,838,078,264
TOTAL LIABILITIES AND EQUITY
7
77,626,161,918
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The accompanyiw Ndes to Consolidaled
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PT ANABATIC TECHNOLOGIES ANO SUBSIDIARY
CONSOLIDATEO STATEMENTS OF COMPREHENSIVE INCOME
YEARS ENDED OECEMBER 3,I, 2012 AND 2O1I
(Expressed in Rupiah, unlesa othe.wiee stat6d)
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NET SALES
COST OF SALES
2011
2012
2.27
2,244 ,093,834 ,465
1,532,020,555,913
2.11.28
1,955,352,632,108
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GROSS PROFIT
,326,724 ,984,7 42
284,741 ,202,357
205,295,571 ,171
14,079.980,343
162,661,874,976
114,452,6't 0,990
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OPERATING EXPENSES
Selling
General and adminiskative
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Total Operating Expenses
176,741,855,319
124,666,170,940
OPERATING INCOME
11't,999,347,038
80,629,400,231
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10,213,559,950
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lnterest income
Gain on sale offixed assets
Interest expense
Bank administration
Loss on foreign exchange - net
Loss on investment sale
Gain / (loss) on investment in Associate
Gain on acquisition of associates
Others - net
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INCOi,|E EEFORE INCOME TAX
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OTHERS COMPREHENSIVE INCOME
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TOTAL COMPREHENSIvE lNcottllE
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ATTRIBUTABLE TO:
Owners of lhe Company
Noncontrolling interest
TOTAL
4,179,563,555
150.500,000
(28,074.013,739 )
(3,938,742,015 )
12,181,994,3O2)
675.131,942
7,974,193
(19,206,760,827)
(2,372,767,323)
(2,355,472,206)
(225,850,807)
(127,509,138
11,521,773
41,148,204
376,692.572
)
690,457.820
(29,527.588.626)
a2,471
'18c
,7
58,412
122,823,077.682)
57,806,322,549
(20,805,574,0441
116,225,f55,2631
61,666,184,368
41,580,567,286
61,666,184,368
41,580,567,286
32,777,707,412
22,342,990,006
28,888,476,956
19,237 ,577,280
61,666,184,368
41,580,567,286
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PT ANABATIC TECHNOLOGIES AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
YEARS ENDED OECEMBER 3.I, 2012 AND 2OII
(Expressed in Rupiah, unleas otherwiso statod)
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2012
CASH FLOWS FROM OPERATING ACTIVITIES
Proceeds from customers
Payments to supplaers and employees
Proceeds from (payments for)
2011
2,163,769,984.826 1,365,282,433,3S1
(2,136,650,748,687) (1,329,806,759,963)
4,179,563,555
lnterest,ncome
Financing charges
tncome lax
Other operating activities
132,O12,755
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54
675,131,942
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(39,396,988,187 )
Net Cash Provided by Ope.ating Activities
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from sale ot fixed assets
Acquisition of fixed assets
Placement of restricted deposits
49,481,667,680
17,275,750,133
63,047,654,066
3,627,200,000
453,696,512
1.634,644,303)
(3,627,200,000)
(5.t,022,630,746 )
(14,808,r47,79r )
159,867,264,110
(216,359,924 )
(414 ,242,798],
(45.9s8,368,309)
(206,631,318)
(1,535,802,360)
155,359,610
570,059,490
CASH FLOW FROM FINANCING ACTIVITIES
Proceeds (payment) of bank loans
Payment of financing loans
Payment of lease payables
Proceeds (payment) due to related parties
Payment ofdividend
Payment to due from related parties
.579,528,149)
(1.005,290,83s)
57,386,694,380
(55,219,890,236)
Nst Cash UsEd tor Investing Actlvltles
(21
(689,478,821)
(1
(4,100,000,000 )
\22,s78,525,222)
(23,7 48,878,2631
'131,868,657,345
(7r,294,320,640)
INCREASE (OECREASE) IN
CASH AND CASH EQUIVALENTS
98,121 ,776,732
(23,054,814,365)
CASH AND CASH EQUIVALENTS AT THE
BEGINNING OF YEAR
95,551,108,405
118,60s,922,770
Nel C.sh Provided by (Used for) Financing Activitiea
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CASH AND CASH EOUIVALENTS AT THE ENO OF YEAR
193,672,885,137
95,551,108,405
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This oiginal consolidated financial slalemenl includecl herein is in the lndonesian lang.Iage.
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PT ANABATIC TECHNOLOGIES ANO SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONtiNUEd}
YEARS ENDED DECEMBER 3I, 2012 AND 2OI1
=
(Expr€ssed in Rupiah, unle63 othorwise statod)
=
1.
GENERAL
=
The Company'3 Establlshment
=
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PT Anabatic Technologies (Previously known as PT Anabatic Teknologi) (the "Company') was
established in Indonesia on November 1, 2001 based on Notarial Deed of Poerbaningsih AdiWarsito,
S.H., No.4. The Deed of Establishment was approved by the lvlinistry of Justice ot the Republic of
lndonesia in its Decision Letter No. C-13242HT.01.01.TH.2001 dated November 15, 200' and was
oublished in the State Gazette No. 2134 Supplement No. 18 dated November 15, 2011. The
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Company's Articles of Association has been amended for several times, most recently by notadal deed
IMyra Yuwono, S.H., No. 11 dated May 30, 20'10 concerning the changes of the Company s name from
PT Anabatic Teknologi become PT Anabatic Technologies. This amendment was approved by
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Minister
of Law and Human Right of
Republic
of
Indonesia through
its letter No.
AHU-
42259.AH.01.o2.Tahun 2010 dated August 26, 2010 and was published in State Gazette of Republic
of Indonesia No. 13 dated February 14, 2012, Supplement No. 1060.
According to Article 3 of the Company's articles of Association, the scope of the Company's business
activities are engaged in system integration seryices, including import, trading, distribution and
services of computers and related products, and as business partner of lBM, Temenos Certified
Panner and the only Distributor FinArch. The Company is domiciled at Graha BIP Lt.7, Jl. Gatot
Subroto Kav. 23, Jakarta. Tlie Company started its commercial operations in 2002.
Structure ol th. company and Subsldiaries
The consolidated financial statements consists of the Company's account and
Subsidiaaies,
(furthermore referred as the "Group"): in this case the Company or through its Subsidiaries owned
more than 50% ownership, as follows:
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PT ANABATIC TECHNOLOGIES ANO SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS {continued)
YEARS ENDED DECEMBER 31,2012 AND 2OII
=
(Expressed in Rupiah, unless othorwigo statad)
=
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1,
GENERAL (continued)
Ownership of Subsidia.ies (continued)
i.
=
Based on notarial deed that notarized by l\Iyra Yuwono, S.H., No. 1'l daled October 3,2012, the
Company decided to acqui.ed 2,249,999 shares or equivatent to Rp 2,249,999,000 that sold by
Handoko Anindya Tanuadji Due lo this transactions, percentage of ownership become 99%o.
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ii. ln accordance with the
results of the General [4eeting of Shareholders which was notarized by
Notary l\Iyra Yowono, S.H., No 33 dated June 20, 2012, PT Q2 Technologies, Subsidiary,
increase the authorized, issued and fully paid share capital which previously was 850 shares or
equivalent lo Rp 850,000,000 to Rp 2,500 shares or equivalent to Rp 2,500,000,000, taken and
fully paid by the Company amounted to 2,000 shares or equivalent to Rp 2,000,000,000, so that
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the percentage of ownership become
initial paid in capital of Rp 5,000,000,000 for 5,000 shares that represent 9570 of ownership.
In Notarial Deed ot Myra Yuwono, S.H., in Jakarta, No 33datedApril20,2011,hasbeenresolved
that C0T, Subsidiary through CTI issued reserves in share capital of 6,000 shares or equivalent to
Rp 6,000,000,000 that taken and paid by the Company of 4,050 shares or equivalent to
Rp 4,050,000,000, then the percentage ofownership become 80%.
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iii. Eased on Deed of Establishment No 27 dated Febrlary 19, 2010 that notarized by Myra Yuwono,
S.h , CTl, Subsidiary, established a Subsidiary company, PT Central Data Technotogy (CDT), with
=
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Based on l\rinutes of General Meeting of shareholders thal notarized by ft,lyra Yuwono, S.H., No 68
Jlly 30, 2012, PT Anabatic Sollsi Terpadu (ASTI), Subsidiary, change its name to
PT Mahacitta Teknologi (lvlT).
dated
iv. In accordance with l\,,linutes of General Meeting of Shareholders which was notarized by Notary
Myra Yowono, S.H., No. 22 dated August 23. 2010, CTl, Subsidiary, bought '1,980,000 shares of
PT Blue Power Techno,ogy amounted to Rp 1,980,000,000 that equivalent with 99% ownership..
v.
Based on Extraordinaay General Meeting of Shareholders that notarized by Myra Yuwono, S.H.,
No.49 dated [,,larch 28, 2011, CTl, Subsidiary acquired the share capital of PT Indonesia Virtus
Technology (Wl) owned by PT Pada Utama Semesta amounting to 66,000 shares or
Rp 660,000,000 which is equivalenl to 600/0 of ownership. Shareholders atso apprcved the
Subsidiary's additon of authorized capitat that initia y amounting to Rp 4,000,000,000 become
Rp 20,000,000,000 and the issued and paid-in capital that initially Rp 1,100,000,000 become Rp
5,500,000,000. From this kansaction. lhe Company obtained additional shares of 319,000 shares
or amounting lo Rp 3,190,000.000, while the percentage of ownership remained at 70%.
x
vi. Based on Notarial oeed No 21 dated Aptil 21,2011. notarized by lvlyra Yuwono, S.H.. CTl,
Subsidiary, acquired PT XDC Indonesia (XDCI) of 350 shares or equivatents with the initiat paid in
capitalof Rp 350,000,000 which represenls 70% of the ownership.
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Based on the Extraordinary General Meeting of Shareholders that notarized by Myra Yuwono, SH.,
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No. 56 dated July 22,2011, shareholders of Subsidiary through CTt approved the addition ot
authorized capital that initially amounting to Rp 500,000,000 become Rp 10,000,000,000 and
issued and paid in capitai that inltially amounting to Rp 500,000,000 become Rp 5,500,000,000,
particjpated by every Subsrdiary's shareholdefs proportionally. From this transaction the Company
acquired addilional shares amo!nting to 3,500 shares or equals to Rp 3,500,000,000, white the
percentage of ownership is remains same of 70olo.
Based on Notarial Deed No. 50 dated Septembet 28,2012,
by tvtyra Yowono, S.H. , CTl,
^olatized
shareholdeE, transferred 275 shares or equivalent to Rp
275,000,000 to Adiwinata Satya
Rahardja at a redemplion price of Rp 900,000,000 in accordance with Notariat Deed of lvtyra
Yowono, S H , No 51 dated Seplember 28, 2012. Based on that transactions, lhe percentage of
ownership become 65%
a
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This
oiginal consolidalect financial slalemenl included hercin is in lhe
pr
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rEcHNoLoctEs ANo suastotARtEs
NOTES TO CONSOLIDATEO FINANCIAL STATEMENTS {continued)
YEARS ENDED DECEMBER 31, 2012 AND 2011
=
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ANABAT|C
(Expressed in Rupiah, unloss oth6rwise stated)
'1.
GENERAL (continued)
Owne13hip ot Subsidiaries (continued)
vii.
Eased on Deed of Annual General l\4eeting of Shareholders No. 73 dated December 29,2009,
CTl, Subsidiary has made additional investmenl of Rp 1,OOO,OOO,O0O. This addition increases the
percentage of ownership from 5570 to
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lnctonestan tanguage.
650/0.
viii. On June 24, 2009, the Company acquired 6,245 sha.es or eqlivalents to 51.01% of
Eased on General [Ieeting of Shareholders that notarized by Myra Yuwono, SH., No. 61 dated
JtJly 28, 2011, the shareholders of Subsidiary approved for addition of the authorized capital that
initially amounting to Rp 4,898,000,000 become Rp 20.000,000,000 and the issled and paid in
capital that rnilially amounting to Rp 1224,500,000 become Rp 11.224.500,000, participated by
every Subsicliary's shareholders proportionally. From lhis transaction the Company acquired
additional shares
of 51,010 shares or equals to Rp 5,101,000,000, while the percentage of
ownership is remains same of 5'1 0'1%
Boa.d ot Commbsiono., Diracto.s and Employeos
Based on the stalement of the Companys Director that notarzed by Myra Yuwono, S.H., No. 62.
dated July 24, 20'12, the composition of board of commissioners and directors ot the Company as of
Decembei 31. 20'12 are as follows
Board of Commissioners
President
Commissioners
: Handoko Anindva Tanuadii
commisioner
Commisioner
:Harry surJanto Hambali
: A.F. Warsito Hans Tanudiaia
Direclors
President Directors
Directors
Directors
Directors
Oirectors
utrecrcrs
: Handojo Sutjipto
:Adriansyah
: Ferdinand Gunadi Abadi
: Sumarto Santosa
: Hendra Halim
:
Agus Muljadi
Based on the statement of lhe Company s Director that notarized by Myra Yuwono, S.H., No. 6, dated
January 10, 2011, the composition
of
commissioner and directors
December 31, 2011 are as follows:
commissioner
President
Commissioners
: Handoko Anindva Tanuadii
=l
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ownershap in
PT Niagaprima Paramitra (NPP), with total investment of Rp 3,697,500,000. In accordance with
the article of Association, NPP'S scopes of business are in trading and selvices and products
related to information technology and computerization, NPP started its commercial operations in
2002
Directors
President Diaectors
Direclors
Directors
Directors
Oirectors
: Handojo Sutjipto
:Adriansyah
: Ferdinand G!nadi Abadi
: Sumarto Santosa
: Hendra Halim
of the
Company
as
ot
=
fhis original consolidalec! linancial slalemenl includecJ hercin is in the lnclonesian lanqrage-
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PT ANABATIC TECHNOLOGIES ANO SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
YEARS ENOEO OECEMBER 31,2012 AND 201I
(Exp.essed in Rupiah, unless othe,wise stated)
=
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1.
GENERAL (continued)
=
Completion of the Financial Statements
=
The accompanying financial stalements were completed and authorized for issue by the Company's
management on July 3,2013.
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2.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Pregaration ot Consolidated Financial Statements
The consolidated financial statements have been prepared in accordance with "Standar Akuntansi
Keuangan" (SAKfinancial accounting standard in Indonesia) which comprjse lhe "Pernyataan Standar
Akuntansi Keuangan" (PsAKstatements financial accounting standards) and Interpretation of
Financial Accounting Standards. (lSAKinterpretation financial accounting standards) issued by the
Boad of Financial Accolnting Standards of the Indonesian Institute of Accountants. As disclosed
turther in the relevant succeeding Notes. several amended and published accounting standards were
adopted effective January 1, 2012.
The consolidated financial statements has been prepared in accordance with the Statements of
FinancialAccounting Standards (PSAK) No 1 (revised 2009): "Presentation of Financial Statements'.
PSAK No. 1 (revised 2009) regllates presentation of financial statements as to, among others, the
objective, component of financial statements, fair prcsentation, materiality and aggregate, ottsetting,
distinction between curent and noncurrent assets and cufient and noncurrent liabilities, comparative
information and consistency and introduces new disclosures such as, among others, key estimations
and judgements, capital management, other comprehensive income, departures from accounting
slandards and statement of compliance.
-
The acco!nting policies adopted in the preparation of consolidated financial statements are consistent
with those followed in the prepa€tion of the Grcup s consolidated financial statements tor the year
ended December 31, 2011, except for the adoption of several revised SAK effective January 1, 2012
as mentioned in this notes
EI
The consolidated financial statements have been prepared on the accrual basis using the historical
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cost concept, except for certain accounls as measured by the measurement as described in
accounting policy for each accounl
The consolidated statement of cash flows have been prepared using the direct method, by classifying
cash and cash equivalents receipts and payments into operating, investing, and financing activities
The reporting currency used in the preparation of the consolidated financial statements is Indonesian
Rupiah, which is the Group's functional currency.
P,inciplos of Consolidation
The Group retrospectively adopted PSAK No.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 ("NCl"); (ii) loss of control over a Subsidiary;
(iii) change in the ownership interest in a Subsidiary that does not result in a loss ot conhol: (iv)
potential voting rights in determining lhe exislence of control; (v) consolidation of a Subsidiary that is
subject to long-term restriction.
PSAK No. 4 (revised 2009) provides for the preparation and presentation of consolidated financial
statements for a group of entities under the control of the Company, and the accounting for
investments in Subsidiary, jointly controlled entities and associated entities when separate financial
statements are presented as additional informalion
10
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This oiginal consoliclated nnancial slalemenl included hercin is
in
the lndonesian language.
PT ANABATIC TECHNOLOGIES AND SUBSIDIARIES
NOTES TO CONSOLIDATEO FINANCIAL STATEMENTS (continued)
YEARS ENDED OECEMBER 3,I, 2012 AND 2O'I1
(Exp.essed in Rupiah, unless othe.wise staled)
2.
SUMMARY OF SIcNIFICANT ACCOUNTING POLICIES lcontinued)
Principles otConsolidation (continued)
The financjal statements of the Subsidiaries are prepared tor the same reporting period as the
Company. The accounting policies adopted in preparing the consolidated financial statements have
been consistently applied by the Group, unless olherwise stated
The consolidated financial statements includes Subsidiaries financial statements, as menlioned in
Note 1, which the Company have more than 50% of shares ownership directly of indi.ecfly.
All significant inlercompany transaclions and accounl balances, including the related signiticant
lnrealized gains or losses, have been eljminated to retlect statement of financial position and
statement of income the Gloup as one entity.
Subsidiaries are fully consolidaied from the date of acquisitions, being the date on which the Company
obtained control, and continue to be consotidated unlil the date such control ceases. Cohkol is
preslmed to exjst if the Company owns, directly or indirectly through Subsidjary, more than a half of
the voting power of an entily
Losses of nonfully owned Subsidiaries are
att buted
to the NCI even if that results
an
a deficit balance.
In case of loss of conkol over a subsidiary, the Company:
.
.
.
.
.
.
.
derccognizes the assels (including goodwill) and tiabitities ofthe Subsidiary;
dascontanue recognition of the carrying amount ofeach NCI;
derecognizes the cumulalive translation differences, recoded in equity, if any;
recognizes lhe tair value of the consideration received,
recognizes the fair value of any investment retained:
recognizes any surpluS or deficit in the statement ofcompaehensive income; and
reclassifies the parent's share of components previously recognized in other comprehensive
income io statement of comprehensive income or retained earnings, as appropriate.
NCI represents the portion of the profit or toss and net assets of the Subsidiarv not attributable to
equity interests that are not owned directly or Indrrectly by the Company which are presented
respectively in the consolidated statement of comprehensive income and under lhe equity section of
the consolidated statement of financial position, respectively, separately faon the corresponding
portjon attributable to the equity holders of the Company.
Cash and Cash Equivalentg and Restricted Ogposits
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Cash and cash equivalents consist ot cash on hand, banks and time deposits with maturities of three
months or less at the time of placement and not pledged as collateral for loan.
Time deposits with maturities more than 3 (three) months at the time of placement, pledged as
collateral and restricted in use are presenled as part of Restricted Deposits" in the consolidated
slatements of financial posation.
=
:I
Financial lnstruments
=
Effective January 1, 2012, the Grcup has adopted PSAK No. 50 (revised 2O1O), ,Financial
Instrumenls: Presenlation, PSAK No.55 (revised 2011),.Financial Instruments: Recognition and
Measurement, and PSAK No. 60. "Financial Instruments: Discloslres". These pSAKs were aDDlied
f
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prospecnvery
presentation",
PSAK No. 50 (revised 2010) Financjat Instruments:
estabtishes the Ddnciptes for
presenting financial instauments as liabitities or equity and for offsetting financial assets and flnancial
liabilities.
1l
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This otiginal consolidated financial stalement incluclecl herein is in lhe lndonesian lanqlage.
=
=
PT ANABATIC TECHNOLOGIES AND SUBSIDIARIES
NOTES TO CONSOLIDATEO FINANCIAL STATEMENTS (continued)
YEARS ENDED OECEMBER 31, 20I2 AND 2011
=
(Expressed in Rupiah, unle33 othorwise statod)
=
2.
SUMITARY OF SIGNIFICANT ACCOUNTING POLICIES {continued}
=
Financlal Instruments (continued)
=
PSAK No.55 Cevised 2011) Financial Instruments: Recognition and lvleasurement", establishes
principles for recognizing and measuring financial assets. financial liabilities and some contracts
to buy or sell nonfinancial items.
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PSAK No. 60 introduces new disclosures to imDrove the intormation about financial inskuments. lt
req!ires extensive disclosures about the signiticance of tinancial instruments for an entity's llnancial
position and performance, and quantitative and qualitative djsclosures on the nature and extent of risks
arising from linancial inskuments, including specified minimum disclosures about credit risk, liquidity
risk and market risk, as well as sensitivity analysis to ma*et risk. lt also requires disclosures relating to
fair value measurements using a three-level fair value hierarchy that reflects the significance of the
inputs used in measuring fair values and provides morc direction in the form of quantitative disclosures
about fair value measurements and requires information to be disclosed in a tabular format unless
another format is more appropriate.
The adoption of PSAK No. 50 and PSAK No. 55 have no significant impact on the consolidated
tinancialsiatements.
The adoption
ol PSAK No. 60 has an impact on the
disclosures in the consolidated financial
staternents.
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The Group's financial assets consrst of cash and cash equivalents. trade receivables, other
receivables, .esricted deposits, due from related parties, and other assets.
The Group's financial liabilities consist of short-term bank loans, trade payables, other payables,
accrued expenses, long-term bank loans, fnancing payables, lease payables, and due to related
parties.
Transactions with Rqlat€d Pa.aies
=
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The Group adopled PSAK No. 7 (revised 2010): Related Party Disclosure". The revised PSAK
requires disclosure of related party relationships, trensactions and outstanding balances, including
=
Transactions with related parties are made
commitments. in the consolidated financial stalements.
on terms agreed by both parties. Some of
these
requirements may not be the same as the requirements made by the pafties are not related.
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All t€nsactions and material balance with aelated parties are disclosed in notes of relevant financial
statement.
lnventoraeg
lnventories are valued at lower of cosl and net realizable value The cost is determined using flrst in
first out (FIFO) method. Net realjzable value are determined based on the estimated fair selling price
less estimated costs necessary to complete and sell the inventory. Provision for inventory obsolences,
it any, js determined based on a review of the inventories at year end to adjust the carrying value of
inventories to net realizable value.
Propaid expenso
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Prepaid expenses are amortised using the straighlline method and charges as operation expense
over their useful life.
12
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This otioinal consolidated linancial slalenenl included herein is in lhe lndonesian lanouaoe.
PT ANABATIC TECHNOLOGIES AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continuod)
YEARS ENOEO DECEMBER 31, 2012 AND 2011
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(Expressed in Rupiah, unless otherwise stated)
2.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES {continued}
Fix6d A9aotg
Effective January 1,2012, lhe Group adopted PSAK No. 16 (revised 2011), "Fixed Assets'. The
revised PSAK prescribes the accounting treatment for fixed assets that users of the financial
statements can understand information abolt an entity s investment in its fixed assets and the changes
in such investment. The principal issLres in accounting for fixed assets are lhe recognition of the
assets, the determinaiion of their carrying amo!nts, the depreciation charges and impaimenl in fixed
assets.The adoption of lhis revised PSAK has no significant impact on the consolidated financial
statements.
The Group has chosen cost modelas the accounting policy for ils fixed assets.
Fixed assels are stated at cost less accumulated depreciation and any impairment loss. Such cost
includes lhe cost of replacing pad ol the lixed assets when the cost is incurred, if the recognition
crileria are met. Likewise, when a major inspectjon is performed, its cosl is recognized in the carrying
amount of the assets as a replacement if the recognition criteria are met. All other repairs and
maintenance costs that do not meel the recognilion criteria are recognized in profit or loss as incurred.
Deprcciation is compuled, using the straigh! ine method over the estimated useful lives of the assets
as follows:
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Years
Building and improvements
Furniture and office equipments
Vehicles
Computers
20-30
2-8
3-5
2-8
The carrying value of fixed assets is derecognized upon disposal or when no future economic benetits
are expected trom its use. Any gain or loss arising on derecognition ot the assels is recognized in the
consolidated statements of comprehensive income in the year the asset is derecognized.
The residual values, estimated useful lives, and depreciation method are reviewed and adiusted. at
=
year end, if necessary.
=
Construclion in p.ogress represents fixed assets in the completion stage, which is stated at cost and is
not deprecialed. Accumulated costs will be reclassified to the appropriate fixed asset account and will
be depreciated when the asset is substantially completed and the asset for its intended use.
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2
Intangible Assets
Group adopted PSAK No. '19 (revised 2010), "lntangible Assets". The revised PSAK prescribed the
accounting treatment for intangible assets that are not dealt with specifically in another PSAK, and
requires the recognjlion of an intangible asset if, and only if, certain criteria are met, and also specities
how to measure the carryin9 amount of intangible assels and related disclosures.
Intangible assets acquired separately are Initially recognized at cost. Useful tife of an intangible asset
assessed limited or unlimited. Intangible assets with finite usetul lives are amortized over the
eslimated usef!l ljves and tested lor impairment whenever there is an indication of an intangjble asset
is impajred. Amortization period and the amortization method for an intangible asset with a finite useful
life is reviewed at least at each reporting date Changes in the estimated useful ljfe or the estimated
economic benefits of consumption patterns occur in the asset is recorded by changing the amortization
peaiod or method as appropriate, and trcated as changes in accounting estimates Amortization
expense of intangible assets with finite useful lives is recognized in the consolidated statement of
comprehensive income in the expense category consistent with the function ofthe iniangible asset.
=
This oiginal consoliclated linancial slalemenl ircluded herein is in lhe lnclonesian language.
=
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PT ANABATIC TECHNOLOGIES ANO SUBSIDIARIES
NOTES TO CONSOLIoATED FINANCIAL STATEMENTS {continuod)
YEARS ENDEO DECEMBER 31,2012 AND 2011
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5
{Expiessed in Rupiah, unl€5 othe.wise statod)
2.
SUMMARY OF SIGNIFICANT ACCOUNTING POLlclEs (continued)
Intanglble Assets (continusd)
Intangible assets with indefinite useful life are not amortized, but tested for impairment annually either
individually or at the cash generating unit level (CGU). Assessment unlimited usetul life is reviewed
annually to determine whether to continue to support the assessment that the indefinite useful life. lf
not. the change in useful life from unlimited to limited treated with a prospective basis.
Any gain or loss arising on derecognrtion of an intangible asset is determined as the difference
between the net disposal prcceeds and the carrying amo!nt of the asset and is recognized in prollt or
loss when the asset is derecognized.
lnvestmgnt in Associates
I
The Group applied PSAK No. 15.(revrsed 2009), Investments in Associated Companies". The revised
PSAK is applied rckospectively and prescribes the accounting tor investments in Associated
companies as to determination of significant influence, accounting method to be applied, impairment in
value of investments and separate financial slatements.
=
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The Group's investment in its Associate is accounted for using the equity method. An Associate is an
entity in which the Group has signaficant influence. Under ihe equity method, the cost of investment is
increased or decreased by the Group's share in net earnings or losses of, and dividends received from
the investee since the date of acquisition.Goodwill relating to the Associate is included in the carrying
amount ofthe investment and is neilher amorlized not individ!ally tested for impairment.
=
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The profit or loss reflects the share of the res!lts of operations of the Associate. Where there has been
a change recognized directly in the equity of the Associate, the Grcup recognizes jts share of any
changes and discloses this, when applicable, in the statements of changes in equity. Unrealized gains
and losses resulting from kansactions between the Group and the Associate are eliminated to the
extent of the interest in the Associate
The share of profit of an Associate is shown on lhe face of the profit or loss. This is the profit
attributable to equity holders of the Associate and lherefore is profit after tax NCI in the Subsidiaries of
the Associate.
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The financial statements of the Associate are prepared for the same reporting period as the Grcup.
Where necessary. adjustmenis are made to baing the accounting policies in line with those of the
Grouo.
The Grcup determines whether it is necessary to.ecognize an additional impairment loss on the
Group's investment in its Associate. The Group determines at each reporting date whetherthere as any
objective evidence that the investmenl in the Associale is impaired. lf this is the case, the Group
catculates the amount ot impairment as the difference between the recoverable amount of the
investment in Associate and its carrying value, and recognizes the amount in the consolidated
statements of comprehensive income.
Upon loss of significant influence over the Associate, the Group measures and recognjzes any
retaining invesiment at ils fair value. Any ditference between the carrying amount of the Associate
upon loss of significanl influence and the fair vaiue of lhe retaining investment and proceeds tiom sale
are recognized in consolidated statement of comprehensive income
lmoai.ment of Nonfinancial Assets
The Group prospectively adopted PSAK No 48 (revised 2009), "lmparrment of Assets', including
goodwill and assets acquired from business combinatons before January 1, 2011. PSAK No. 48
(revised 2009) s!perseded PSAK No 48 (revised 1998), lmpairment of Assets".
=
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14
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This oiginal consoticlated linancial slalement included herein is in lhe lndonesian language-
=
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PT ANABATIC TECHNOLOGIES AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
YEARS ENDED DECEMBER 31, 2O'I2 AND 2O,II
(Exprossed in Rupiah, unless otherwise stated)
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2.
SUMMARY oF SIGNIFICANT ACCOUNTING POLICIES (continued)
lmpalrmentof Nontinancial As6Ets (continued)
PSAK No. 48 Gevised 2009) prescribes the procedures to be employed by an entity to ensure that ats
assets are carried at no morc than their recoveaable amounts. An asset as ca.ried at more than ats
recove€ble amount if its carrying amount exceeds the amount to be recovered through use or sale of
the asset. lf this is the case, the asset is described as impaired and this revised PSAK requires the
entity to recognize an impairment loss
=
5
The Group assesses at each reporting period whether there is an indication that an asset may be
impaired. lf any such indication exists, or when annual impairment testing for an asset is required, The
Group make an estimate of the asset's recoverable amount.
=
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An asset's recoverable amount is the higher of the asset s or its CGU s fair value less costs to sell and
its value in use, and is determided for an individual asset, unless lhe asset does not generate cash
inflows that are larcely independent ot those from other assets or groups of assets. Where the carrying
amount of an assel exceeds its recoverable amount- the asset is considered imoaired and is written
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down to its recoverable amount. lmpairment losses of continuing opelalions are recognized in the
consolidated statements of comprehensive income as "impairment losses'. In assessing the value in
use. the estimated net future cash flows are discounted to their present value using a pre{ax discount
rate lhat reflects currenl market assessments of the time value of money and the risks specific to the
asset. lf no such kansactions can be identified, an appropriate valuation model is used to determine
the fair value of the assets. These calculations are corroborated by valuation multiples or other
available fak value indicators
ln determining fair value less costs to sell, recent market transactions are taken into account, if
available. lmpairment losses of continuing operations, if any, are recognized in the consolidated
statements of comprehensive income under expense categories that are consistent with the functions
of the impaired assets.
An assessmenl is made at each annual reporting period as to whether there is any indication that
previously recognized impairment losses recognized for an asset other than goodwill may no longer
exist or may have decreased. lf such indication exists, the recoverable amount is estimated. A
previously recognized impairment loss for an asset other than goodwall is reversed only if there has
been a change in the assumptions used to determine the asset's recoverable amount since lhe last
jmpaiment loss was recognized. lf that is the case, the carrying amount of the asset is increased to its
aecoverable amount. The aeversal is limited so that the carrying amount ot the asset does not exceed
its recoverable amount, nor exceeds the carrying amount that would have been determined, net of
depreciation, had no impairmenl loss been recognized for the asset in prior years. Reversal of an
impairment loss is recognized in the consolidated statement of comprehensive income. After such a
reversal, the depreciation charce on the said asset is adjusted in future periods to allocate the assets
revised carrying amount, less any aesjdual value, on a systematic basis over its remaining usefullife.
Management believes that there is no indication
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of potenlial impairment in values of
nonflnancial
assets as of December 31.2012 and2011.
Leaae
Leases ciassified as finance lease it it transfers substantially all the risks and rewards incidental to
ownership. Leases classified as operating lease if it does not transfer substantially all the risks and
benefits incidental to ownership.
At the end of the lease. finance lease should be recorded as assets and liabilities at the lower of the
fah value of assets and the present value of minimum lease payments. Lease payments determined at
the inception of the lease. The discounl rate lsed to calculate the present value of minimum lease
payments is the implicil interest rate of that lease, if possible, or else at the Company's incremental
borrowing rate. Initial direct costs of the lease arc added to the amount recognized as an asset.
Depreciation policy for leased assets should be consistent with the assets.
F
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This oiginal consolidalecl linancial stalement incluclecl herein is in the lndonesian language.
PT ANABATIC TECHNOLOGIES AND SUBSIOIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
YEARS ENOEO OECEMBER 31,2012 AND 20I.I
(Expressed in Rupiah, unless otherwigo st.ted)
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2.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
Employoes' Benofits Liability
Effective January l, 2012, the Group adopted PSAK No. 24 (revised 2010), "Employee Benefits'.
PSAK No.24 (revised 20'10) provides guidance for the calculation and additional disclosures for
employee benefits with some transitaonal provisions lt provides an option for recognition of actuarial
gajns or losses in addition to using the corridor approach, that is, the immediate recognition ofactuarial
gains or losses in the period in which such gains or losses occur as part of other comprehensive
income.
The adoption of PSAK No. 24 (revised 2010) did not have significant impact on the consolidated
financial statements, except for the required disclosures. The Group chose to retain the existing policy
for rccognizing actuarial gains or losses, which is using the corddor approach. The adoption of ISAK
No. 15 did not have significant irnpact on the consolidated financial statements.
Short{erm employee benefits are recognized as payable to employees based on accruals basis.
Poslemployment benefits such as retirement, severance and service payments are calculated based
on Labor Law No. 13/2003 ("Law 13/2003").
The Group is required to provide a minimum amounl of pension benefits in accordance with Law
13/2003. The Group's pension plan based on the calculation of the benefit obligation performed by the
actuaries provides that the expected benefits under the Group's pension plan will exceed the minimum
requirements of the Labor Law.
The cost of providing post-employment benelits is determined using the P.ojected Unit Credit method.
The accumulated unrccognized actuarial gains or losses that exceed 10% of the present value of the
defined benefit obiigations at the beginning of the reporting period is recognized on a straight-tine
basas over the expected ave€ge remaining working lives of the participating employees.
Actuaialgains or losses arising from experience adjustments and changes in actuarial assumptions in
excess of the greater of 10olo of the fair value of plan assets or 10% of the present value of the dellned
benefit obligations at the beginning of the period are amortized and recognized as expense or gain
I
over the expected average remaining service periods of qualified employees.
:t
Pastservice costs are recognized as an expense on a skaight line basis over the average period until
the benefits become vested. lf the benefits have already vested, immediately following the introduction
of, or changes to, a pension plan, past service costs arc recognized immediately.
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The Group recognized gains or losses on the curtailment or settlement of a defined benefit plan when
the curtailmenl or seltlement occurs. The gain or loss on a curtailment or settlement compaise change
an the present value of the defined obligation and any related actuariat gains and losses and past
service cost not yet recognized previously.
Rovonus and Erpense Recognition
The Group adopted PSAK No. 23 (revised 2010): Revenues. This revised PSAK jdentifies revenues
recognition criterias are met, so can be rccognized. and prescdbes accounting treatment for revenues
that arising from certain transactions and events, and gives practical guidance in implementation of
revenues recognition criteria. There is no significant impact of the revised accounting standard on
consolidated f inancial statements.
Revenue is recognized when it is probable the economic benefits will flow to the Group and the
amounl c€n be measured reliably Revenue is measured at the tair value of the conslderation
received, excluding discounts and VaUe Added Tax (VAT).
'16
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This oiginal consolidalecl llnancial stalemenl included herein is in |he lnclonesian language.
PT ANABATIC TECHNOLOGIES AND SUBSIOIARIES
NOTES TO CONSOLIDATEO FINANCIAL STATEMENTS (continued)
YEARS ENOEO DECEMBER 31,2012 AND 2OI.I
(Expressed in Rupiah, unless otherwlse atatod)
2.
SUMt|IARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
Revgnuo and Exponse Rocognition (continued)
The Group evaluates certain revenue recognition criteria in order to determine whether acting as
principal or agent. The following specific recognition criteria must also be met before revenue and
interest expense recognized:
-
Sales of services
-
Revenue is recognized when services are rendered.
a
Sales of ooods
Revenue from sale of goods is recognized when the significant risks and rewaads have passed to the
=
=
=
-
DUyer.
lnterest income
For allfinancial instruments measured at amortized cost, interesl income or expense is recorded using
the €ffective interest rate, which is the rate that exactly discounts the estimated future cash payments
or receipts through the expected life of the financial instrument or a shorter period, where appropriate,
to the net carrying amount of the financial asset or liability.
Dividends
t
Revenue is recognized when the Group's right to receive the payment is established.
I
Rentalincome
I
Rental income arising from operating leases is accounted for on a straight - line basis over the lease
terms and included in revenue due to its operaling nature.
=
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ExDenses
Expenses are recognized when incurred (accrual basis).
I
Forclgn Cuaroncy Transactions and Balancg3
Effective January 1, 20'12, the Company adopted PSAK No. 10 (revised 2011), "The Effect of Changes
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1
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in Forcign Exchanges Rates". This revised PSAK reg!late how to include foreign cunency
transactions and toreign operations in the financial statements of an entity and how to translate
linancial statements into a presentation cuarency. Each entity considered key indicators and other
indicators in determining the functional currency. The revised PSAK not have a significant impact on
the Company's financial statements.
T€nsactions involving foreign currencies are recorded in Rupiah at the rates of exchange prevailing at
the time the transaclions are made. Statement financial position date, monetary assets and liabilities
denominated in foreign currencies are adjusted to Rupiah to reflect the prevailing rates of exchange as
published by Bank Indonesia middle rate ot that date. The resulting gains or losses are c.edited or
charged to operations for the year.
As of December 31, 2012 and 2011, the exchange rate used are as follows:
=
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=
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2012
lJnited Slates Dollar (USD)
Euro (EUR)
Austalian Dolla. (AUD)
Hongkon9 Dollar (HKD)
Singapore Dollar (SGD)
201,1
9,670
12,410
10,o25
17
1,247
9,068
11.739
9,203
1,167
7,907
6,974
a
a
=
a
=
-
This oiginal consolidaled financial stalement incluclecl herein is in the Indongjan language.
PT ANABATIC TECHNOLOGIES AND SUBSIDIARIES
NOTES TO CONSOLIDATEO FINANCIAL STATEMENTS (continued)
YEARS ENDED DECEMBER 3,I,2OI2 AND 2011
(Exp.essed in Rupiah, unl€9 othe,wise statod)
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
Taxation
3
Effective January 1.2012, lhe Group applied PSAK No. 46 (revised 2010), "lncome Taxes". The
adoption of these standards did not have malerial impact on the consolidated financial statements.
-
Income tax expense comprises current and defered tax Income tax expense is recognized in profit or
loss except to the extent that it relates to items recognized directly in equity, in which case it is
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recognEed In other comprehensrve Income.
Current tax expense is provided based on the estimated laxable income for the year.
Deferred tax assets and liabilities are recognized for temporary differences between the tinancial and
the tax bases of assets and liabilities at each reporting dale Future tax benetits, such as the carryforward of unused tax losses, are also recognized to the extenl that realization ot such benefits is
probable.
Defered tax assets are recognized for all deduclible temporary differences and carry forward of
unused tax losses, to the extent that it is probable that taxable protits will be available against which
deductible temporary differences. and the carry foMard of unused tax losses can be utilked, except
where the deferrcd tax asset relating to the deductable temporary difference arises from the initial
recognition of an asset or laabrlily jn a transaction that is nol a business combinatixon and, al the time
of the transaction. affects neither the accounting profit nor taxable profit or loss; or in dt of deductible
temporary differences associated with investments in Subsidiaries, deferred tax assets are recognized
only to the exteni that it is probable that the temporary differences will reverse in the foreseeable future
and taxable profit will be availabb against which the temporary differences can be utilized.
The carrying amount of a deferred tax asset is reviewed at each reporting date and reduced to the
extent that it is no longer probable that sufficient tiaxable income will be available to allow allor part ot
the benefit of that deferred tax asset to be utilized. Unrecognized defered tax assets are reassessed
at each reporting date and are recognized to the extent thal it has become probable that future taxable
income willallow the deferred tax assets to be recovered.
Defered tax assets and liabilities are measured at the tax rates that are expected to apply to the
period when the asset is realized or the liability is settled, based on tax laws that have been enacted or
substantively enacted at the end of reporting period. The related tax effects of the provisions for
and/or reversals of all temporary differences during the year, including the effect of change in tax
rates, are included in the consolidaled statement of comprehensive income ofthe Current year.
Deferred tax assets and liabilities are offset when a legally enforceable right exists to offset current tax
assets against current tax liabiljties, or the defered tax assets and the deferred tax liabilities relate to
the same taxable entity, or the Gro!p intends to settle its cufient assets and liabilities on a net basis.
Amendments to tax obligations are recorded when an assessment is received or, if appealed against
by the Group, when the result ofthe appeal is determined
USE OF JUDGEMENTS, ESTIMATES, AND ASSUMPTIONS
The preparation of the Groups consolidated financial statements requkes management to make
judgements, estimations and assumptions that affect the reported amounts of revenues, expenses,
assets and liabilities, and the disclosure of contingent liabilities, at the end of the reponing period.
Uncertainty aboul these assumptions and estimations could result in outcomes that reeuire a material
adjustment to the carrying amount of the asset and ljabjlily affected in future periods.
=
-
'18
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fhis original consolidaled linancial slatenenl included herein is in the lndonesian language.
=
3.
PT ANABATIC TECHNOLOGIES AND SUBSIDIARIES
NOTES TO CONSOLIDATEO FINANCIAL STATEMENTS Icontinued}
YEARS ENDED OECEMBER 31, 2012 AND 2O'I'I
(Expre$gd in Rupiah, unloss othorwiso stated)
USE OF JUDGEMENTS, ESTIMATES, AND ASSUMPTIONS (continued)
=
Judgements
=
The following judgements are made by management in the process of applying the Group accountang
policies that have the most significant ellects on the amounls recognized in the consolidated financial
statements:
=
Classification of Financial Assets and Liabilities
=
The Group deteamine the classifications of certain assets and liabilities as financial assets and
flnancial liabilities by judging if they meet the definitaon set forth in PSAK No. 55 (revised 2011).
Accordingly, the financial assets and financial liabililies are accounted for in accodance with the
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Group's accounting policies disclosed in Note 2.
=
Allowance for lmoairmenl ofTrade Receivables
=
The Group evaluates specific accounts where it has information that certain customers are unable to
=
=
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I
=
4
meet their financial obligations. In these cases, the Group uses judgement, based on the best
available facts and circumstances, including but not limited to. the length of its relationship with the
customer and the clstomer's cLrrrent credit statls based on third party credit reports and known
market factors, to record specific provisions for customers agajnst amounts due lo reduce its
receivable amounts thatthe Group expects to collect. These specitic provisions are re-evaluated and
adjusted as additional information received affects the amounts of allowance for impakment of trade
receivables.
Delermination of functional currencv
The functional curencies of the Group are the currency ol the primary economic envlronment in which
each entity operates. lt is the currency that mainly influences the revenue and cost of rendering
services. Based on the Group's management assessment, the Group functional currency is in Rupiah.
Estlmations and Assumotions
=
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The key assumptions concerning the future and other key sources of estimation uncertainty at the
reporting date that have a significant risk of causing a material adjustment to the carrylng amounts of
assets and liabilities within the next financial period/year are disclosed below The Group based its
assumDtions and estimations on pa€meters available when the consolidated financial statements
were prepared. Existing circumstances and assumptions about future developments may change due
to market changes or circumstances arising beyond the control of the Group. Such changes are
reflected in the assumptions when they occur.
Financiallnstruments
The Group carries certain tinancial assets and liabilities al fair values, which requires the use of
accounting estimations. While significant components of fair value measurement were determined
using verifiable objective evidences, the amolint of changes in fair values would differ if the Group
utilized different valuation methodology. Any changes in fair values of these financial assets and
iiabilaties would atleci directly the Group profit or loss.
DeDreciation of Fixed Assets
The costs of fixed assets are depreciated on a straight-line basis over their estimated useful lives.
lvanagement estimates the useful lives of these fixed assets to be within 2 to 30 years. Changes in the
expected level of usage and technological development could impact the economic useful lives and
the residual values of these assets, and therefore future depreciation charges could be revised.
=
=
3
19
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This oiginal consolidated linancial slalement included herein is in lhe lndonesian language.
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PT ANABATIC TECHNOLOGIES AND SUBSIDIARIES
NOTES TO CONSOLIoATEO FINANCIAL STATEMENTS (continued)
YEARS ENDEO DECEMAER 31.20I2 AND 2011
(Expressed in Rupiah, unless otheJwise stated)
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USE OF JUoGEMENTS, ESTIMATES ANO ASSUMPTIONS (continued)
Eslimations and Assumptions (continuod)
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Emolovee s Benefits Liabilities
The determination of the Groups retirement benefit expenses and employee benefits liabilities is
dependent on its selection of certain assumptions lsed by the independent actlaries in calculating
such amounts. Those asslmptions include among others, discount rates, future annual salary
increase, annual employee turn-over rate, djsability rate, retirement age and mortality rate. Actual
results that difter from the Group assumptions are recognized immediately in lhe protit or loss as and
when they occu(ed. While the Group believes lhat ils assumptions are reasonable and appropriate,
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signiticant differences in the actual experiences or significant changes in the Group assumptions may
materially affect its estimated liabilities for employee benefits and net employee benefits expense.
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lncome Tax
Significant judgment is involved in determining the provision for corporate income tax. There are
certain transactions and compltation for which the ultimate tax determination is uncertain during the
odinary cource of business The Group recognizes liabilities for expecled corporate income tax issues
based on eslimations ofwhether additionalcorporate income tax will be due.
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Deferred Tax Assets and Liabilities
Deferred tax assets and liabilities are recognized for all unused tax losses to the exteni that it is
probable that taxable profit will be available against which the losses can be utilized. Significant
management estimations are required to determine the amount of deterred tax assets that can be
recognized, based upon the likely liming and the level of future taxable profits together with tuture tax
=
=
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planning stralegjes.
4.
CASH ANO CASH EOUIVALENTS
=t
Cash and cash eouivalents consist of:
=
Cash
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2012
'1,050,614,865
United Stales Dollar
Rupiah
479,370,600
19.842,473
Australian Dollar
12,562.816
Hongkong Dollar
Singapore Dollar
9,450,360
2011
929,338.251
112,193,498
18,183,680
11,538,439
288,039
Subtotal
1
Banks
Ruoiah
Citibank, N,A,
PT Bank CentralAsia Tbk
PT Bank OCBC NISP Tbk
PT Bank Negara Indonesia (Persero) Tbk
PT Bank Rakyat Indonesia (Persero) Tbk
PT Bank Mandiri (Persero) Tbk
PT Bank Tabungan Nega.a (Persero) Tbk
PT Bank Internasional Indonesia Tbk
P I banK Petmata I Dl(
PT Bank UOB Indonesia
PT Resona Perdania
PT Bank Mandiri Syariah Tbk
PT Bank CIMB Niaga Tbk
,572,424 ,659
24 ,126,131
,216
18,736,33s,004
7.877.721,418
4,909,973,029
3,160,842,787
3,000,561,215
1,870,930,623
1,729,485.341
1,637,768,683
1,071,541,907
1,804,407.209
13,584.970,387
284, 3'1 8,040
592,510,4s6
2.950,963,910
4,407,049,789
4,139,252
916,847,601
1,337,876,700
407,554,612
20
351,316,784
62,022.455
297,032,316
221,897,445
1,070,799
13,589,073
F
F
This original consoliclated financial galemenl included herein is in the lndonesian language.
PT ANABATIC TECHNOLOGIES AND SUBSIDIARIES
NOTES TO CONSOLIOATED FINANCIAL STATEMENTS (continued)
YEARS ENDED OECEMBER 31,2012 AND 2011
P
P
II
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3
(Expressed in Rupiah, unlass otherwiae statod)
4.
CASH ANO CASH EQUIVALENTS (continued)
2012
Eanks (continued)
Ruoiah
PT Eank ANZ Indonesia Tbk
Others (each below Rp100 millions)
United States oollar
PT Bank Mandiri (Persero) Tbk
(USD 5,267,043 in 2012 and USD 220,983 in 201 1)
PT Bank OCBC NISP Tbk
(USD 1,822,014 in 2012 and USD 1,359,801 in 201'1)
PT Bank Resona Perdania
(USD 1,014,856 in 2012 and USD 42,636 in 2011)
PT Bank lnternasional Indonesia Tbk
(USD 957,774 in 2012 and USo 385,383 in 2011)
Citibank, N,A,
(USD 752,214 in 2012 and USD 994,699 in 2011)
PT Eank Permata Tbk
(USD 723, 400 in 2012 and USD 991,346 in 2011)
PT Bank CentralAsia Tbk
(USO'180,699 in 2012 and USD 2,661,197 in 20'11)
PT Bank ANZ Indonesia Tbk
IUSD 129.727 in 2012 and USD 44.408 in 2011)
PT Eank CIMB Niaga Tbk
(USO 1 16,640 in 2012 and USD11.440 in 201 1)
PT Bank Rakyat Indonesia (Persero) Tbk
(USO 99,166 in 2012 and USD34,503 in 2011)
PT Bank Tabungan Negara (Persero) Tbk
(USD 21,828 in 2012 and USD 2.232 in 2011)
PT Bank Syariah Mandiri
(USO 14,785 in 2012 and USD '1,771 in 2011)
PT Eank oanamon Indonesia Tbk
(USD129,261 in 2011)
Others (each below Rp 500,000,000)
Euro
PT Eank Central Asia Tbk
IEUR 27 ,148 in 2012)
PT Bank OCBC NISP Tbk
(EUR 759 in 2012 and 2011)
Subtotal
206,911.082
340,165,047
4,798,399
74,147,771
50,932,310,548
2,003.874,751
17,618,871,029
12,330,678,732
9,813,654,232
386,6r9,167
9,261,671.961
3,494,655,130
7,273,908,123
9,019,933.434
,995 ,27 8.77 4
8,989,523,806
1,747 ,366.293
24,131,738,658
'1,254,464,568
402,688,207
1,127 ,908,317
103,735,471
958,939,862
312.877,557
211,O72,699
20,241,408
142,972.594
16,062,965
6
1.004.855.061
9,724,349
6,948,528,965
5,809,245,248
612,918,176
551,621,000
116.304,080
86,449,000
Subtotal
14,125,066,469
Total
193,672,88s,r37
21
1,172,135,121
119,134,115
347 ,768,997
177,975,394,009
Time Deposit
Rupiah
PT Bank ANZ Indonesia
PT Bank DBS Indonesia
PT Bank Permata Tbk
PT Bank Central Asia Tbk
PT Bank OCBC NISP Tbk
PT Bank Resona Perdania
PT Bank Internasional Indonesia Tbk
PT Bank Tabungan Negara (Persero) Tbk
2011
E,908,007
88,551,518,370
2,723,537,075
437,560,000
541,507,400
116,304,080
86,449,000
1,850,678,073
172,012,500
5,928,048,128
95,5s1,.t08,,{|}5
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This oiginal consolidaled financial slaletnenl included herein is in lhe lndonesian language.
1
PT ANABATIC TECHNOLOGIES AND SUBSIOIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS lcontinued)
YEARS ENOEO DECEMBER 31, 2012 AND 2O1'I
=
(Expressed in Rupiah, unless otheiwise stated)
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5.00o/o in 2012
There are no cash and cash equivalents placement to related parties, on December 31,2012 dan
2011.
5.
-
cAsH EQUIVALENTS (continuod)
The annual interest rate on time deposits in Rupiah currency are ranging from 3.250lo a d lrcm 3.00% -5.75o/.in2O11.
=
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-
CASH AND
TRAOE RECEIVABLES
Details
ofl€de
receivables based on customers are as follows:
2012
Third Parties
PT Multipolar Technology
PT Application Solution
PT Teknoglobal Multi Sistem lntegrasi
PT Nusantara Compnet Integrator
PT Metrocom Global Solusi
PT Wahana Cipta Sinatria
PT Astra Graphia Information Technology
PT Sisindikom Lintas ELrana
PT lvlitra Integrasi Informatika
PT lntikom Berlian fiilustika
PT Einareka Tatamandiri
PT Bank Permata Tbk
PT Bank Tabungan Negara (Persero)Tbk
PT Bank Rakyat Indonesia (Persero) Tbk
PT Eank lnternational Indonesia Tbk
PT Bank Syariah Mandiri
PT Scientek Computindo
PT Bank Negara Indonesia ( Persero ) Tbk
PT Mitra Mandiri Informatika
Temenos Headquartels SA
PT Techno International ilandira
PT Griya Mitra Persada
PT Interperdana Cemerlang
PT Sigma Cipta Utama
PT Prima Integrasi Nei^/ork
PT Collega Inti Pratama
PT lB[4lndonesia
PT Bussan Auto Finance
PT Sigma Solusi Integrasi
PT lVilra lnfosarana
Skill Networking Bandung
PT Bank Central Asia Tbk
PT Telematic Multisystem
PT Telekomunikasi Indonesia (Persero) Tbk
PT Multipolar Tbk
PT Prudential Life Assurance
PT XL Axiata Tbk
PT Bank CIMB Niaga Tbk
PT Sentra Link Solutions
PT Pe*om lndah lvlumi
PT Bank Tabungan Pensiunan - Nasional (Persero) Tbk
PT Sigma Cipta Caraka
PT Dimension Data lndonesia
PT Ramdy Technology
Temenos Singapore pte ltd
22
20'11
40.220 ,234 ,983
32.342,382,204
22,214 ,955 ,296
18,498,839,855
18,318,905,385
15,505,155,596
14,206,034,343
13,696,072,317
13.592.230 ,148
13,365,876,383
12,781,308,987
11,801,140,000
8,849,451,439
8,391,190,197
7 ,498,409 ,7 42
7 ,171 ,404 ,189
6,373,676,757
6,138,085,736
5,790,654,555
5,404,730,770
4,264,965,096
3,913,329,263
3,905,524 ,271
3,312,600,157
3,178,964,851
2,786,548 ,201
2,7 51 ,7 43 ,478
2,7 46 ,122,465
2,489,167,039
14,598,192,183
169,945,363
7,892,513,554
6,765,971,110
1,567,200,458
36,653,559,621
7,849,782,347
1 ,714 ,722,539
2,910,O25,176
632,698,176
10,915,687,092
8,684,905,366
8,518,914,541
8,009,400,906
281,151
8,718,327,060
4,754,591,700
4,398,961,494
952,300,379
21a,706,592
1,S31,107,6S;
1.522.420,176-
2,417,396,576
2,233,77
0 ,OOO
2,210,819,903
2.642,810,665
2,046,566,955
2,027,816,667
1,992,910,676
'1,962,404,386
1
,939 ,237 ,57 4
1,911,980,250
1,920,716,66i
436,182,402
3,649,519,543
289,666,666
1.391,970,852
1.901.812.325
1,885,416,804
1,864,694,304
1 ,858,764 ,282
1
.857 ,311,625
146,395,329
329.946
820.333,136
,484 ,820.884
'|
.476 ,681 .525
49S,740,00;
1
,720
1
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fhis otiginal consolidaled linancial statement inctuded herein is in the lndonesian tanguage.
PT ANABATIC TECHNOLOGIES AND SUBSIDIARIES
NOTES TO CONSOLIDATEO FINANCIAL STATEMENTS (continusd)
YEARS ENDED DECEMBER 31,2012 AND 2011
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(Expressed in Rupiah, unless othorwise Btated)
5.
TRAOE RECEIVABLES (continued)
2012
Third Parties {continued)
PT llega Solusi Teknologi
PT Tata Consultancy Services lndonesia
P I UUaola solrrton
PT Duta Astakona Girinda
PT Avnel Datamation Solutions
PT Bank Danamon Indonesia
STEVEN
PT Mastersystem Infotama
PT AIA Financial
PT Radinka Anugra
PT Bank Mandiri (Persero) Tbk
PT Intracom Technologi
PT Eerca Hardayaperkasa
PT Adhisakti Solusi Kompuiindo
PT Bank Syariah BRI
PT Smartindo Integrasi System
PT Ericsson Indonesia
PT Sinar Surya Teknologi
PT [4ultisoft Java Technologies
PT Permata Anugerah Abadi
Badan Pusat Statistik
PT Mitra lnfosarana
CV Global l\4ilano CO[,,|
PT Vivastore Techno Logica
PT Kahar 0uta Sarana
PT Srisindhu Informatika
PT Bank Pembangunan oaerah
PT Jabar Telematika
PT Primus lndonesia
PT Info Lab lndonesia
PT Relia Telemit Semesta
PT Aprisma Indonesia
PT Abhimata Persada
PT GlobalGiga Gemilang
Others (each below Rp 1 billions)
I
I
1,444,841,625
1,075,718.713
1,278,472,776
50,000,000
56,518,966
'1,409,005,332
1,3'17,346,908
1,220,629,063
954.677.921
944,292,591
434,983,544
404,307,179
1,117,865,139
1,107,155,176
1,421.491,782
1.884,886,882
1.914,562,320
3,995,814,821
26,687 ,419 ,357
324,467,36A
2,718,617,884
315,886,230
255,500,000
174,754.192
24,672.429
3,281,276,358
2,069,100,000
1,052,682,683
1,473,565,908
10,435,038.846
860,787,906
617,795,635
600,995,251
17,050,000
13,586,681
95,650
3
,750,297 ,822
2,199,601,830
33.912.409.091
14.124.632.528
9.202.705.509
2.710.084.800
2.416.550.992
49.852.696.875
Subtota I
Allowance for impairment
404.919.972.316
Net
404.295.
(624.826.668)
Related Pariies
PT Titan Mining Indonesia
PT Pute€ Tambang Indonesia
PT Titan [4injng Energy
PT l\4anggala Usaha Manunggal
PT Trusted Outsourcing
PT Indonesia Mobilindo
PT Multi Mineral Utama Nusantara
PT Titan Wijaya
PT Ganda Alafi Makmua
t45.648
2.149.137.635
1.836.022.875
1.916.380.420
1.806.516.063
1.740.732.100
1.494.359.557
1 .440 .220.248
1.378.983.522
1.144.090.145
34.030.643.802
330.528.945.363
(351.371.2231
330.177.574.140
4,821,582,500
1,228.831,316
1,907,032,765
1 ,469.7 17 ,202
1,046,825,849
492,430,743
126,148,153
104,610,000
326,952,465
2.820,813,042
12.210.000
612,691,265
100,379,936
137,667,000
188,401,832
164,544,542
-
a
2011
23
=
t
t
This original consolidaled financial slatement included herein is in lhe lndonesian languago.
PT ANABATIC TECHNOLOGIES AND SUBSIOIARIES
NOTES TO CONSOLIOATED FINANCIAL STATEMENTS (conIInUed)
YEARS ENDED OECEMBER 31.2012 AND 2011
=
=
(Expressed in Rupiah, unle3s otherwieo 5tat6d)
5.
TRADE RECEIVABLES (continued)
2012
Related Parties {continued)
Others (each below Rp 100 millions)
-
271,322,999
10,251,880,21'1
Subtotal
=
€
414,5,17,025,859
Total
E
2011
344,535,699
5.924,817,097
336,102,391,237
The details of trade recervables based aging of receivables are as follows:
20't2
=
:t
Third Parties
Up to 30 days
31 - 60 days
lvore than 60 days
=
=
=
=
r
318,343,634,637
24 ,211 ,137 ,953
62.365,199,726
288,987 ,844 ,470
Subtotal
Allowance for impairment
404,919,972,316
330,528,945,363
N.t
404,295,145,648
(624,826,668)
Related Panies
Up to 30 days
31 - 60 days
More than 60 days
=
6.394.449.696
1.040.212.349
2.777.218.166
10.251.880.211
Subtotal
=
20't1
414.547.025.859
Net
6,376.56't,470
35,164.539,423
(351,371,223)
330,177,574,140
3.841.903.472
694.304.542
1.388.609.083
5.924 .817 .097
336.102.39'1.237
=t
Based on a review of the status of each customer's trade receivable at the end of 2012 and 2011, the
Group's management believes that the allowances for impairment aae sufficienl to cover possible
losses from uncollectible trade receivables in the futurc.
=
-
=a
-
a
t
e
-
Trade receivables are used as collateralfor bank loans (Notes 14 and 20).
6,
INVENTORIES
lnventories consist of :
2012
Project
Product
Product
Product
Product
Product
123.577.552.477
2011
22,168 ,271
,7 41
of lB[4
64,302,447,760
59,060,483,171
oforacle
18,398,548,756
15,836,679,079
12,526,77
of El\4c
of SUN
PIOOUCT OI UELL
Product of Exadata
Product of Ruckus
Product of Checkpoint
Product of Notebook
Product of Riverbed
Product ofVMware
Product of Red Hat Enterprise Linux
Product ot Huawei
9,153,125,109
8,306.032,696
5 ,772,527 .209
5,495,685,527
4,070,068,916
3 ,624.516.265
,570
489.016,304
3,495.054.222
1,137,919.171
1,108,048,840
29.013.435
970,183,998
2,115,190,07;
900,646,132
24
4
17,147,234,887
9,094.560,516
3,599,611,987
=
fhis oiginal consolidated linancial slalemenl included hercin is in lhe lndonesian language.
=
PT ANABATIC TECHNOLOGIES AND SUBSIDIARIES
NOTES TO CONSOLIOATED FINANCIAL STATEMENTS (CONtINUEd)
YEARS ENDED DECEMBER 3,1. 2OI2 AND 2011
=
=t
=
-I
(Expre3sed in Rupiah, unless otherwbe stated)
6.
INVENTORIES(continued)
2012
=
Product
Product
Product
Product
Product
Product
Others
=
F
P
E
=
=
661,554,759
660,717,987
of Kace
394,348,916
34,068,750
s.444,760,987
955,943,406
846,258,056
65,318,895
554,408,437
385,678,300
641,116,327
Subtotal
Inventory in progress
269,849,433,334
137 ,031,798,279
1,474,082,551
6,896,078,808
Total
271,323,515,885',143,927,877,087
of Sophos
of wildpacket
of Double Take
On Oecember 31,2012 a d 201'1, Group's inventories alrcady insured against losses from fire and
other risks under combined blanket policies with the coverage amount of USO 10,000,000 or equal to
Rp 90,680,000,000. The Company's management believes that the coverage is adequate to cover
possible losses on insured inventories.
=
=
Inventories are used as collate€l for bank loans (Notes 14 and 20).
=
Based on a review the circumstances of inventories at the end of the year, the Group's management
believes that in 2012 and 2011, there was no impairment and obsolescence goods, therefore there is
no reauked to make provision in relation with it.
=
=
-
of Fortinet
of Expand
2011
7.
ADVANCES AND PREPAYMENTS
Detajls of advances and prepayments are as follows:
=
:I
2012
Advances
Purchase ofequipments
Project
Others
=
=
=
-
,752.080,251
6,681,878,941
21,344,351,531
18,129,778,650
6,077,146.361
2,489,733,813
2,596,433,846
1,830,707,481
1,526,895,889
23,283,836,514
10
Preoaid exoenses
lnsurance
Others
4s,803,963,365
Total
2011
48,908,879,912
=
=
8.
As of December 3'1,2011, this account represents the deposits that owned by PT Computrade
Technology International, Slbsidiary, which are used as collateral for sho.t-term bank loans from
=
:a
I
=
a
:t
:l
t
RESTRICTEO DEPOSITS
PT Bank ANZ Indonesia Tbk (Note 14).
9,
INVESTMENT IN ASSOCIATES
This account represent investment of PT Sinergy lvledia Integrasi (SMl), Subsidiary, through PT
Karyaputra Suryagemalang, Subsidiary, in PT Technetindo Utama (Technet), ot'1,800 shares with a
par value Rp 500,000 per sharcs or equals to Rp 900,000,000. Mutation of investment in Technet are
as follows:
25
7
F
a
This otiginal consolidatecl linancial slatemenl inclucled hercin is in lhe lnclonesian language.
PT ANABATIC TECHNOLOGIES ANO SUBSIOIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continuod)
YEARS ENDED DECEMBER 31,2012 AND 2OI1
F
P
F
Eir
ttrT
rF
F
E
F
F
(Exprossod in Rupiah, unless othorwise stated)
9.
INvESTMENT lN ASSOCIATES (continued)
20'12
Beginning balance
Investment
Net income portion in current year
1
2011
,284 ,O21 ,773
1
(127,509,138)
Ending Balanco
1,156,512,635
,272,500,000
11,521,773
1,284,021,773
Sfull has no control over its investment in Technet, so the financial stiatements of Technet are not
consolidated. The value of investment is accounted by equity method. Poation of net earnings of
Associates reflects (0.8%) and 0.1% of the total consolidated comprehensive income in 2012 and 2011
(an amount that as not material), presented as part of other income in the consolidated statement of
comprehensive income.
10. BALANCES AND TRANSACTIONS WITH RELATED PARTIES
=
In a normal transaction, the Group entered into transactions with related parties relating to the sale and
purchase ol services or products is done at the level of prices and reasonable terms (an arm's length
basis). Groups also make transactions outside the main business with details and balances as follows:
=
a.
Othgr receivable3 -.alatod parties
2012
=
PT Titan Mining Energy
PT lndonesia l\4obilindo
=
F
F
=
=
:I
=
:I
=D
E
a
=
=
=
E
F
5,769,957,881
1,045.000,000
2,380,699,571
2,055,170,000
2,480,170,000
2,128,948,000
853,000,000
500,881,218
233,854,471
522,000,000
3
,726.442,540
66,677,881,057
1
,4 t6,252,861
1,029,13s,641
853,000,000
500,881,218
233,854,471
522,000,000
157,612,994
225,000,000
225,000,000
3,067,395,357
44,904,,130,726
Due from Related Parties
2012
PT SAM Investama
PT Trusted Outsourcing Indonesra
Handojo Sutjipto
Others (each below Rp 100 millions)
6,789,005,391
2,632,390.640
1,500,000,000
2,980,110,589
'13,901,506,620
Total
=
=
=
20,814 ,352,732
5,848,973,788
1,980,170,000
1.757.160,000
1,334,633,673
1,029,135,641
Total
b,
40 ,252,711 ,947
4,045,000,000
2,538,747,779
2,05s.170,000
PT Flaminggo Mandiri
PT Cakra Karsa Utama
Herman
Benyamin Harianto
Tjandra Lesmana
PT Titan Mining Indonesia
PT Turangga Prima Paramitra
lndra Gunawan
PT Turangga Paramit.a
PT Solusi Paramitra
Andy Pranoto
PT Titan Daya Persada
Raden Wisnu Wibowo
l\4, Rahmat Saptadiharja
Others (each below Rp 100 millions)
2011
26
2011
4,34 t ,242,097
3,017,383,838
1,493,000,000
4 ,244,805 ,794
t3,096,431,729
This original consoliclaled linancial
slateme
included herein is in Ihe lndonesian language.
PT ANABATIC TECHNOLOGIES ANO SUBSIOIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (contlnued)
YEARS ENDED DECEMBER 3', 2012 ANO 2OII
(Exp.essed in Rupiah, unlees oth€rwbe atated)
10. BALANCES ANO TRANSACTIONS WITH RELATED PARTIES {continued)
c.
Othgr payables - rolated parties
This is
a debt of PT
Computrade Technology Indonesia, Subsidiary,
to
shareholdeG
December 31, 2011
d.
Duq to Rolated Partios
2012
PT Global l\4ulti lnvestama
PT Technetindo Utama
957,133,312
787,500,000
7,000,000
Others
Total
I
=
:I
e.
E97,547,557
787,500,000
3,675,185
1,751,633,312
1
,688,722,742
Nature of relationshio
The Group in its business makes transaclions with related parties. Balances of related party which
arse fiom the transaction are as follows
No.
Related Parties
PT Titan Mining Energy
=
=
I
2011
Relationship
Afliliated
Transaclion
T€de receivables, other
receivables - relaled
2.
PT lndonesia Mobilindo
Amtialed
parlies
Trade receivables, other
receivables - relalgd
pa(|es
='
3.
PT Flaminggo ldandiri
Shareholdets
PT Cakra Karsa Utama
Olher rcc€ivables - relaled
parties
Other receivables - related
parties
Other receivables - related
=
5.
=
6.
Eenyamin Harianto
Afillialed
=
7.
Tjandra Lesmana
Afillialed
8.
PT Tilan lVining Indonesia
Aftilialed
Olher receivables - related
panres
Oth6r eceivables - relaled
panres
Olher rec€ivables - related
L
PT Turangga Prima Paramitra
Afliliated
Other receivables - related
4
10.
lndra Gunawan
Atliliated
a
11.
Afllliared
Other receivables - elated
parlres
Other rcceivables - relaled
PT Turangga Paramitra
Aflitiated
Olher receivables - relaled
=
PT Tilan Daya Persada
Afliliated
=
Raden Wisnu Wibowo
Affiliated
Parties
Other receivables - rclated
parties
Other receivables - elaled
Affilialed
Olher rcceivables - relaled
Shareholdets
Trade rcceivables, due trom
related panies
Due from related parties,
trade payables
Due from relaled parties
Oue to relaled padi€s
Oue to related parties
pan|es
=
=
parlies
12.
=
=
t
parlies
't
5.
=
4
Rahmal Saptadiharja
panles
16.
17.
PT Trusled Ouisourcing Indonesia
Handojo Sutjiplo
PT Global lvulti lnvestama
20. PT Technelindo Utama
18
=
l\,4.
't9.
Shareholders
Amliated
Affilialed
27
F
F
F
F
F
F
E
F
F
E
F
F
F
F
F
F
F
F
F
E
This otbinal cansoliclated linancial slatemenl included hercin is in lhe lndoneian language.
PT ANABATIC TECHNOLOGIES ANO SUBSIOIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (contlnued)
YEARS ENDED DECEMBER 31, 2012 AND 2OII
(Expreased in Ruplah, unle83 othorwiso stated)
r,t. FtxEo AssETs
Oetails of fixed assets of the GaouD are as follows:
a.9lnnln9
sgS!
DiEcl O$mrshio
2,954.891.854
Auildings and improvem€.ts
23,471 ,942,742
Equipmgnb and tumilurcs
59.940.623,514
4.027 ,802,134
40.344,925,153
und€r consl.uclion
Buildings
=
=
=9
=
965.433,749
825,29:1,000
'11
946,442,000
5,555.07E,044
5€,940,673.6r1
.470,429,479
1r,619,429.479
911.000,000
57,077
33226
2.677 ,051 ,773
2,737,169,749
r68,741.647,657
Accuhulared d.or.claUon
Di6ctowrc6hio
Buildings..d imprcvements
Equipmenb and tuhituB
-
3,644,W2,717
1,059,792.E56
411,610,426 50,733,780,621
559.557,833 4,102,921.738
3,996,203.055
-
35,6E9,705.500
246,305.675
2.398.277 ,042
43,327,398,703
E.2 t7
3 602.686.715
31.693,502.445
1
,992,U4
lgele
776,741,715
Total Accumulat6d d€pr€ciation
81,79€.606,620
15E 563.330
r4.678 937.260
935,325,045
r,371,r68,259
95.106.375.621
52,603,078,550
93,035,472,036
Beginnlng
Endlng
20t1
e99t
Oi.6cl Owne6h|o
2,800,091,854
17.534,030,949
73,957,894.757
1,€E6.258.284
18,€13.905.807
3,354,134,125
303.858,000
6.352,961,793
7,084,451,113
3,212,O20.924
21,535,380,306
1.156.596,000
149,056,000
2,954,891,854
425,050,000
23,471, 2.742
21 .101
,722,36
59,940,623.514
272,476.974
4,361,060
4,427 ,402,134
40.344,925,153
3,415.2E6.125
1
,095,:142,000
2,760,409.EiE
1
,766'057 ,773
!9e!9
4.222.609.591
303,858.000
122,570,925,367
39.959,126,036
2E,r2E.366,333
1,322.336146
45,518.773.799
r,663.632,326
1,361,437,950
10,687,467,433
12,874,442,529
15.185,254,645
16.572.816,901
1.556.212.688
8,660,667
65,246.209,604
30,583.764.824
134,40i,685,170
Accumul.t d deoroclatlon
Dn€d Mnorshio
Buildings snd improvemenl3
Equipmonts and turnilures
r,953,375,E73
!9e!9
Total Accumulsled depreciation
57
,324,t15,163
=
=
,016,427 ,243
1,553,309,910
10.595,74E,456
,7€6,057 ,773
13,r,401.685,170
=
€
=
'1.095.442,000
1
=
5
7
20,095,709,399
25,861,482,343
65,99r,6r7,008
!9!99
Buildings and improvem€nts
Equiphenls and tuhiturss
E
17,140.E17,545
2,389,539,601
4$6|3
:I
:I
Endlng
2012
28
245,497.054
14.321,4U
64,569,101
788,137,640
14,03r,367.808
2394,277,U2
43,327.398,703
3,602.686,715
31,693,502,1145
776,711,715
81.798.606.620
52,603,078,550
=
This otiginal cansolidaled financial slalemenl included herein is in the lndonesian tanguage.
=
=a
PT ANABATIC TECHNOLOGIES AND SUBSIDIARIES
NOTES TO CONSOLIOATED FINANCIAL STATEMENTS (contlnu6d)
YEARS ENDED DECEMBER 31,20.I2 AND 2OI.I
=a
=
=
(Expro83ed in Rupiah, unless othonvbe stated)
1
'1. FIXEO ASSETS
(continued)
The detail of gain on sale of fixed assets are as follows:
2012
=
=l
Accumulated depaeciation
=!
Net book value of fixed assets
=t
E
Cost
1,790.727,749
(1,371,168,259)
2011
771,162,290
(325,439,971)
Proceeds from sale of fixed assets
419,559,490
570,0s9,490
453,696,512
445.722,319
Gain on Bale of fixed assets
150,500,000
7,974,'193
Depreciation in 2012 and 2011 are charged toi
=
=t
=
;-
=t
=
=!
=
=
=
l!
I
=t
=t
E
=
=
2012
Cost of sales (Note 28)
OpeEting expense - generaland administrative (Note 30)
Other noncurrent assets
7
,403,294 ,130
7
,979 .387 .622
8,752,468,691
8,125,368,296
251,163,709
r5,633,845,461
Total Depreciation Exponso
2011
.t6,877,836,987
On December 31, 2012 and 2011, Group s fixed assets are insured against losses from fire, riot, lhe
risk of damage, and other risks based on insurance policy with sum insured amounting to Rp
20,794328,271 and Rp 20,406,236,509, respectively. lhe Company's management believes that the
coveEge is adequate to cover any possible losses on the fixed assets are insured.
Based on the review, the Group's management believes there is no situation or circumstances indicate
any impairment in the vafue of fixed assets as ol Decembet 31,2012 and 2011.
On December 31,2012 and 2011, some of the fixed assets of the Company's, PT Karyaputra
Suryagemilang, Subsidiary, and PT Computrade Technology Internationat, Subsidiary, were used as
collateral for the loan obtained from PT Bank Cenlral Asia Tbk, PT Eank Permata Tbk, PT ANZ
Indonesia Tbk, The Hongkong and Shanghai Banking Corporation Ltd, PT Bank DBS tndonesia,
PT Bank Resona Perdania, dan PT Bank OCBC NISP (Note 14 and 20).
12. INTANGIBLE ASSETS
Consist of:
2012
Hardware main business
Trademark
1,320,000,000
330,000,000
Total
1,650,000,000
20'11
As described in Notarial Deed by lvly€ Yowono, S.H.,. No. 3'1 dated August g, 2012, CTl, Subsidiary,
through PT XDC Indonesia purchase the business of computer hardware from pT paradise Cipta
Solusi amounted to Rp '1,320,000,000. This business has unlimited benetits which include work
systems, organizational systems, management information and accounting systems, network systems,
=
and sales network.
=
I
ln accordance with the Notarial Deed by Myra Yowono, S.H., No. 31, dated August 9, 2012, CTl, the
Subsidiary, through PT XDC Indonesia pu.chased the trademark PARADTSE of pT paradise Cipta
Solusiamounted to Rp 330,000,000. Untilthese financial statements completed, these brands are still
in the registration process to the Directorate General of Intellectual Property of the Republic of
=
=
Indonesia.
=
29
This
=
onginat consotidalecl financial statenent ircluded hercn is in the lndonesian language
PT ANAEATIC TECHNOLOGIES AND SUBSIDIARIES
=
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONtiNUEd)
YEARS ENDED DECEMBER 3t, 2012 ANO 2OIt
=
(Expr6sed in Rupiah, unless otherwiso statod)
=
13. GOODWILL
=
Detail of goodwill as of Decembet 31,2012 a^d 201 1 are as follows:
=
PT XDC Indonesia ( One Ownership Group)
6,695,000,000
=
PT Niaga Prima Paramitra (One Ownership Group)
PT Virtus Technology Indonesia (One Ownership Group)
1
=
Total
8,139,908,600
E
3
=
=
=
=
,345,11 ,720
99,796,880
1
7,210,000,000
1.345,111,720
99,796,880
8,654,908,600
14. SHORT-TERM BANK LOANS
Details ofthe short-term bank loans consist of:
=
2011
2012
2012
2011
PT Bank Permata Tbk
PT BanK OCBC NISP TbK
PT Bank ANZ Indonesia Tbk
The Hongkong and Shanghai Banking Corporation Limited
PT Bank Resona Perdania
PT Bank DBS Indonesia
121,742,411,343
130,571.002,889
31,866.147,680
36,272,000,000
Total
396,272,372,1A0 231,845,150,569
103,358,128,021
69,485,289,555
38,434,366,431
34,340,000,000
28,912.176 ,830
33.136,000,000
=
PT Bank Permata Tbk (Pormatal
=
In 2007, the Company received credit facility flom Permata which is used as additional working capital.
This credit facility agreement from Permata has amended several times, the latest amendment through
Changes in the Provision of Banking Credit Facility Agreement No 212IBP/CRC-WBA/112012 da|'ed
June 6, 20'12. The credit facilities from Pemala are as follows:
F
F
F
Ltr
F
qt
r
P
P
P
F
a
g
F
P
a
F
a
-
Line Facility Foreign Exchange (FX Line) wilh a maximum amount of USD 500 000 (LER Limit)
This facility expires on June 18, 2013. Until the date of the completion of consolidated financial
statements. the tacilitv has not been used
Stand By Letter Of Credit facility with a maximum facility amounting to USD 5,000,000' the period
of this facility expires on June 18, 2013. Until the date of completion ot the consolidated tinancial
statements, this facility has not been used.
Bank Overdraft Credit Facility with a maximum facility amolnting to Rp 2 000 000'000' with
interest rate of 11.007o per annum and expires on June 18.2013. Outstanding balance on
December 31, 2011 is amounting to Rp 1,891,293,262
Commercial Invoice Financing Loan Credit Facility in USD with a maximum facility amounting to
USO 4,OOO,Ooo in 2012 and USD 3,000,000 in 2011 Interest rate of the loan is 5 75% in 2012 and
6.25"/o in 2011. This facility expires on June 18, 2013. Outstanding balance on December 31, 2012
and 2011 amounting to USD 1,732,831 (equal to Rp '16,756,480,508) and USD 1 799 246 (equal
to Rp 16,315,564,904).
-
Commercial Invoice Financing Loan Credit Facility in Rupiah with a maximum facility amounting to
is 1050% per annum. This facility will be
expires on June 18, 2013. Outstanding balance on December 3'1, 2012 amounting to
Rp 9,580,000,000 in 2012. Interest rate of the loan
Rp 6,906,04s,01 1,
-
I\raster Plafond facility in the form of Invoice Financing (lnv-Fin), to support shon-term projects as
well as the Term Loan {TL) which is divided into Term 1 and Term Loan 2 Loan, to support longterm projects with a maximum amount of Rp 12,45 billions for the Term Loan '1 and Rp 6'6 billion
for the Term Loan 2 in 2012 and USD 10,000,000 in 2011. Interest rates on loans of 10 75% per
year in 2012. This facility will expire on June 26, 2017 to Term Loan 1 and December 21 20'15 for
Term Loan 2.
This original consolidaled tinancial shlemenl included hercin is in lhe lndonesian language.
PT ANABATIC TECHNOLOGIES AND SUBSIDIARIES
NOTES TO CONSOLIOATED FINANCIAL STATEMENTS (continued)
YEARS ENDED DECEMBER 31,2012 AND 201,I
(Expressed in Rupiah, unless otherwise stated)
14. SHORT-TERM BANK LOAN (continued)
PT Bank Permata Tbk (Pormata) (conlinuod)
The facil ies are secuied by
-
:
Personal Guarantee from Handoko Anindya Tanuadji, President Commissioner
Land wath an area ot 483 m':, owned by Handoko A. Tanuadji, President Commissioner, located on
Jl. Cendana Golf No. 23, Karawaci, Tangerang
Inventodes owned by the Company.
Machineries and eouioment that financed valued at 125% of each withdrawal.
Trade receivables owned by the Company.
Eased on the Letter of Credit Offer No 2214lgPlCRC-WgN l/2012 on June 6, 2012, PT Computrade
Technology Indonesia, Subsidiary, obtained Revolving Loan facility from Permata with maximum of
loans amounting to Rp 17,500,000,000 This loan facility is due on February 18, 2013.
/l/2012 on June 6, 2012, PT Niaga Prima
Paramitra, Subsidiary, obtained Invojce Financing loan facility from Permata with maximum of loans
amounting to USD 1,000,000. This loan facjliiy is due on February 18, 2014.
Based on the Letter of C.edit Offer No. 2'17IBP/CRC-WB
Based on the Letter of Credit Offer No. 291/BP/CRC-WBA/|/2o'12 on June 6, 2012, PT XDC Indonesia,
Subsidiary, obtained Invoice Financing loan tacilily from Permata with maximum of loans amounting to
USD 4,000,000 and USD 1,500,000 This loan facility is due o^ Febtuary 18,2014.
Sased on the Letter of Credit Offer No. 215/BP/CRC-WANV2012 on June 6, 2012, PT Blue Power
Technology, Subsidiary, obtained Invoice Financing loan facility from Permata with maximum of loans
amounting to USD 3,000,000. This loan facility is due on February 18, 2014.
Based on the Letter of Credit Offer No 213IEPiCRC-WB /V2012 on June 6, 2012, PT Central Data
Technology, Subsidiary, obtained Invoice Financing loan facility from Permata with maximum of loans
amounting to IJSD 6,000,000. This loan facility is due on February '18, 2014.
PT Bank OCBC NISP (NISP)
ln 2008, the Company received credit facility from NISP which is used as additional working capital.
The loan agreement from NISP has amended several times, the latest amendment through Addition
and Renewal Term Credit Facility Offer No. 499/EB-EXT-ADDryH/)U'12 on October 3,2012. Loan
facilites from NISP are as follows:
-
Bank Overdraft with maximum lacility amounting to Rp 3,000,000,000, with interest rate at 10.25olo
per year on 2012 and will expire on October 6, 2013 Outstanding balance of this facility as of
December 31, 2011 amounting to Rp 1,865,573,755.
-
Demand loan 1 facility with maximum facility amounting to Rp 15,000,000,000, with interest rate of
10.25yo pet yeat on 2012 and will expire on October 6, 2013. As of the date of completion of the
consolidated financial statements, the faciity has not been used by the Company.
-
Demand loan 2 facility with maximum facility amounting to Rp 9,500,000,000, the facility used to
financing lhe Company s projects. The interest rate of this facility is 10.25o/o pet yeat on 2012 and
-
will expire on October 6, 2013. The Company outstanding balance on Oecembe. 31,2012 and
2011 amounting to Rp 29,522,456,658 and Rp 7,'188,753,760.
FX-Line Credit Facility (FX) with maximum facility amountjng to USD 2,000,000 in 2012, with
interest .ate of 6.000/o per yeat on 2012 and will expire on October 6, 2013 Until the date ot
completion of the consolidated financial statements, the facility has not been used by the
Company.
-
Facility Loan Bank Guarantee with maximum facility amounting to USD 1,000,000, this facil y will
expire on October 6, 2013. Until the dale of completion of the consolidated financial statements,
the facility has not been used by the Company.
31
=
This oiginal consoldaled financial slalenenl included herein is in the lndonesian language.
=
=
PT ANABATIC TECHNOLOGIES AND SUBSIOIARIES
NOTES TO cONSoLIDATED FINANCIAL STATEMENTS {continued)
YEARS ENDED DECEMBER 3I, 2012 AND 20II
(Expressed in Rupiah, unless otherwise statsd)
=
=
=
14. SHORT-TERM BANK LOAN (continued)
PT Bank OCBC NISP (NISP) (continued)
=
-
=
=
Demand loan 3 credit facility with maximum facility amounting to USD 10.733.226, the facility used
to financing Company s projects The interest aate is 6.00% per year and the facility will expire on
October 6, 2013. The Company outstanding balance on December 31, 2012 amounting to
USD 7,629,287 (equalto Rp 73,775,203,066)
-
Master Plafond credit facility with maximum facility amounting to USD 3,000,000. the facility will
mature on October 6, 2013. Until the date of completion of the consolidated tinancial statements,
the facility has not been used by the Company.
=t
=
=
=
=
=
=
=
=
=
=
=
=
=
=
:I
a
=
:I
=
=
=
The facilities are secured by:
-
Personalguarantee from Handoko Anindya Tanuadji.
Land and buildings owned by Handoko Anindya Tanuadji located on Jl. Nusantara V Blok J No. 4,
Sunter Agung, North Jakarta.
at Carita Eeach South
Condominium, Ground Floor No.9150, Cariia Resort, Banten.
Deposit on behalf of Handoko Anindya Tanuadji of Rp 350,000,000.
Trade receivable amounting to Rp 2,500,000,000.
Letter of Company s Statement that agree that due to an event of late payment from the end user
on a contract financed by NISP, the payment will be the responsibility of the Company.
Land and buildings owned Handoko Anindya Tanuadji located
PT Bank ANZ Indonesia Tbk (ANz)
Based on the Fi.st Amendment to Facility Agreement No. 303/TN,/CO[,]-AMEND41|2012 on
November 26, 2012, CTl, Subsidiary. acquire Trade Finance Loan Facility and the Revolving Loan
from ANZ with a maximum loan limit of USD 8,000,000 that can be used jointly by CTl, PT Blue Power
Technology, PT Central Data Technology, and PT Virtus Technology Indonesia, Subsidiary. The loan
lacility expires on June 22, 2013.
The Hongkong and Shanghai Banking Corporation Ltd (HSBC)
Eased on Banking Facility Agreement No. JAK120809/U/120827 dated August 31, 2012, Cfl,
Subsidiary, obtained Facilities Financing Leads, Accounts Receivable Financing, Revolving Loan from
HSBC with a combined maximum limit ot loan amount of USD 6,000,000 that can be used jointly by
CTl, PT Blue Power Technology, PT Central Data Technology, and PT Virtus Technology Indonesia,
Subsidiary. This loan facility expires on August 31, 2013.
PT Bank Resona Perdania (Resona)
Based on Credit Agreement No. 060284F1H on September 1, 2006, the Company received a credit
facility 1 fiom Resona, with maximum facility amounting to IJSD 1,000,000 which is used as additional
working capital. The interest rate is SIBOR plus 2.50lo and expircs on Febtuary 27,2O11.
Based on the Letter of Credit Agreement Amendment No 060284FLH on February 27, 20'12, Resona
agreed to extend the term of loan until February 27,2013. This loan had been extended until
Febtuary 27,2014 based on Letter ol Credit Agreement Amendment No. 060284FLH dated
FebtuaN 27.2013.
Based on Crcdit Agreement No.060285FLH on September'1, 2006, the Company received a credit
facilitiy 2 from Resona with maxrmum facility amounting to Rp 5.000,000,000 which is used as
additional working capital. The interest rate is interest rate of Bank Indonesia plus 3olo and expkes on
Febtua1 27 . 2011.
=
=
=
32
=
This original consolidalecl financlal slalenenl included herein is in lhe lndonesian language.
=
-
PT ANABATIC TECHNOLOGIES AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continu.d)
YEARS ENDED DECEMBER 31, 20,I2 ANO 20t,1
=a
=
=D
=
=
=
(Expressed in Rupiah, unless otherwise slated)
14. SHORT-TERM BANK LoAN (continued)
PT Bank Resona Perdania (Resona)
Based on the Letter of Credit Agreement Amendment No. 060285FLH on February 27, 2012, Resona
agreed to extend the term of the loan unlil February 27.2U3. fhas loan had been extended until
Febuary 27. 20'14 based on Letler of Credit Agreement Amendment No. 060285FLH dated
Febtuary 27 ,2013.
=
Based on the Letter of Credit Agreement No. 080154RLH dated April 15, 2008, the Company received
credit facility 3 from Resona with maximum facility amounting to Rp 5,000,000,000 which is used as
additional working capital. The interest rate is interest rate of Bank Indonesia plus 3olo and etpires on
=
February
=
Based on the Lette. of Credil Ag{eement Amendment No. 080154R1H on February 27, 2012, Resona
agreed to exlend the term of the loan uniil February 27, 2013. This loan had been extended until
=
=
=
27 ,
2011.
FebNary 27, 2014 based
FebnJary 27 , 2013
on Letter of Credit Agreement Amendment No. 080154R1H
dated
.
Based on the Letter of Credit Agreement Amendment No.080155FLH on April 15, 2008, the Company
received credit facility 4 from Resona with maximum facility amounting to USD 1,000,000 which as
used as additional working capital. The interest rale is interest rate of SIEOR plus 2.5% and will
mature on February 27, 2011.
=
=
Based on the Letter of Credit Agreement Amendment No. 080155FLH on Febtuary 27,2012, Resona
agreed to extend the term of the loan until February 27.2013. fhas loan had been extended unlil
=
February 27,2013.
=
On Octobe. 30, 2006, PT Karyapulra Suryagemilang, Subs diary, received credit tacility trom Resona
with a maximum lacility amouniing to Rp 5,000,000,000, which is used as additional working capital.
Based on the Letter of Credil Agreement Amendment No. 060354R1H on April 15, 2012, Resona
agreed to extend the term of the loan until April 16, 2013 with interest at 12.0O% i^2012.
Febtuary 27. 20'14 based on Letter
=
=
of
Credit Agreement Amendment No. 080155F1H dated
=
The facility is secured by:
Land owned by the Company wjth arca 68 m'z, located in Ngindenjangkungan, Sokolilo, Surabaya.
Trade receivables with the object value / market value ol Rp 4,736,673,522.
=
PT Bank DBS Indonesia {OBS)
=
-
=
p
on Banking Facility Agreement No. 195/STC-0BSl/lv/2012 dated April 26, 2012, CTl,
Subsidiary, obtained Facalities Accounts Payable and Accounts Receivable Financing Financing trom
DBS with a combined maximum limit of loan amounted to USD 6,000,000 that can be used jointly by
CTl, PT Blue Power Technology, PT Central Data Technology, PT Virtus Technology Indonesia, and
PT Niaga Prima Paramitra, Subsidiary. The loan facility matures on Apd27,2014.
=
=
For all the above loan facility, CTl, Subsidiary, bear interest at annual rates ranging between 4.51%o 6.00% for the year ended December 31, 2012. These credit facilities are collateralized by trade
=
=D
=l
=
=
a
Based
receivables, anventories, and Corporate guaraniee of CTl.
=
a
This oiginal consolidated linancial slalemenl included herein is in lhe lnclonesian language.
PT ANAEATIC TECHNOLOGIES AND SUBSIOIARIES
NOTES TO CONSOLIOATEO FINANCIAL STATEMENTS ICONtiNUEd)
YEARS ENDED DECEMBER 31, 2012 AND 2O'I'I
=
a
=
='
=
=
=
=
€
=
f
=
€
=
=
a
=
=
€
=
=
=l
=
5
€
=
=
=
€
(Exp.*g€d in Rupiah, unle33 othe.wise stated)
15. TRADE PAYABLES
This account consists ot:
2012
Third Parties
PT Oracle Indonesia
EMC Information Systems Intematjonal
Oracle Singapore Pte., Ltd
PT lBlV lndonesia
Vmwre lnternational Limited
PT Reka Piranti Prakarsa
Finarch Apac Pte., Ltd
oellGlobal B,V
Temenos Headquarters SA
PT Complus Sistem Solusi
Ruckus Wireless
PT Equine Global
PT Telekomunikasi Indonesia (Persero) Tbk
Check Point Pte,, Ltd
PT Prima Integrasi Network
PT Excelindo Sejahtera
Temenos Singapore Pte ltd,
Temenos (NL) BV
Kusumomegah
Red Hat Asia Pacific Pte,Ltd
Riverbed Technology Pte,ltd,
PT lngram Mikro
PT Fujitsu Indonesia
PT l\ricrosott lndonesia
Bina Data Mandiri
Binarcka Tatamandiri
PT Indo Ventura Sonsang
PT Masterdata Khadsma
PT Tridaya Inti Solusindo
Wildpackets
PT Avnet Dalamation Solutions
Fo inet International, lnc.
P I FaSMtre
PT Daya Cipta Mandiri Solusi
PT Global Innovation Technology
PT XSYS Disti Cemerlang
Others (each below Rp 500 millions)
66.892,275,104
19.283,843,989
14.349,123,565
7,666,948,582
7 .371 ,734 ,291
7,007,059,451
5,749,058,394
5,544,649,196
,465,324,470
4,100,746,360
g
3
35,206,073,858
19,368,526,752
15,802,834,399
4,581,935,314
3,793,584,482
9,333,148,139
't,104,052,345
4
2,439,108,002
2,132,769,500
2,090.479,435
1,958,700,565
1,915,066,012
'|,631,105,591
1,351,672,600
1 ,225 .080.2 t3
1,103,583.694
1,038,414,691
124.890.392
914,143,430
1.901.886,809
3,498,656,022
5,396,36;
337.148,240
2,205,7 44,E44
1.365.803,541
,195,194
699,612,524
877
695,856,681
643,015,063
577,947,980
536,316,455
526,930,800
526,930,800
523,4'10,004
517,685,000
2,829,536,693
20,350,805
3,257,444,398
177,660,467226
Subtotal
Related Parties
PT Indra Jaya Mandiri
PT Trusted Outsourcing Indonesia
Others (each below Rp 100 millions)
746,757,949
69,519,564
61,777,060
12,588,528,324
2,297,804,201
2,056,403,968
1,072,890,000
638,231,453
9,876,381,610
122,846,206,006
279,407 ,348
Subtotal
152.626.214
1,141,383,549
459,396,827
432,033,562
1,600,780,376
'178,092,500,788 124,i146,986,382
Total
€
€
2011
34
=
This original consohdalecl linancial slalemenl included hercin is in lhe lnclonesian language.
=
=
PT ANABATIC TECHNOLOGIES AND SUBSIDIARIES
NOTES TO CONSOLIDATEO FINANCIAL STATEMENTS (continued)
YEARS ENOED DECEMAER 31, 2OI2 AND 20.I1
=
(Erp..ssod in Rupiah, t|nless otherwisg statod)
=
16. OTHERS PAYABLES . THIRD PARTIES
=
This account consists of:
2012
=
2011
12,77 t.913.915
=
KSO Sumarecon
PT Pada Uiama Semesta
Others
2.992.297,6U
6,918,160,840
1,578,799,990
=
Total
22,151 ,962,55s
8,496,960,830
F
E
F
F
=
E
=
=
=
=
=
=
=
=
=
F
E
E
F
P
F
F
,'
6,387,75r,006
7. ACCRUED EXPENSES
This account represents accrued expenses for:
2012
163,401,580,649
P.oject
Training
Services and maintenances
Salaries and bonuses
Eussines Partner Reward
'105,648,695, 135
43,061,399,060
30,453,973,620
10,316,885,222
22.404,535,396
16,40E,503,38'l
12,338,947,707
11
,127 .297 ,956
7
,544 ,947 ,335
Professionaltee
1
Others
4,135,730,853
Total
27't,O37,25s,110
,237 ,119 ,840
1,253,016,704
3,900,901,659
162,196,279,407
'I8. TAXATION
a.
Prepaid taxes
Consist of:
2012
Companv
Value Added Tax
12,951,765,084
2011
287,563,049
Subsadiaries
lncome tax Article 23
Value Added Tax
1,968,207 ,128
4,587,525,613
1,968.207,128
3,705,502,372
Subtotal
6,555
32,7 41
5,673,709,500
Total
b. Tax6
,7
19,507,497,825
5,961,272,519
payable
Consist of:
2012
Comoanv
lncome tax:
Article 4 (2)
Article 21
Article 23
Article 25
Article 26
Article 29
2011
270.170.388
277.525.634
34.932.465
296.500.865
49.403.672
38.065.875
1.056.805.150
267.904.356
101.877.?59
154.462.814
1.898.907.620
Subtotal
=
F
F
2011
35
648.741.358
F
6a
F
EF
tr
F
F
P
a
F
F
F
F
This original consoliclateci linancial slalemenl incluclecl h.rcin is in lha lnclonesian language,
PT ANABATIC TECHNOLOGIES ANO SUBSIOIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (contlnued)
YEARS ENDEO DECEMBER 31,2O'I2 AND 2O,I,I
(Exprossed in Rupiah, unl6ss otherwlse stated)
18. TA)(ATION (continued)
b. Tar*
payable (continued)
2012
Subsidiaries
lncome tax:
Article 4 (2)
Article 2'1
Article 23
Article 25
Article 26
Article 29 (year 2012)
Article 29 (year 2011)
Value Added Tax
Subtotal
-
Total
F
Income lax
P
P
F
F
F
F
F
P
P
P
p
a
=f
t
p
e
-
e
-
7
88.155.965
1.190.475.101
3.494 .206 .957
565.332.380
2.514 .907 .327
2.511 .122.898
13.325.538
7.225.419.469
17.602.945.635
'19.501.853.255
2011
112.682.590
900.889.415
5.7 46.769.527
16.999.413
2.465.512.340
6.289.682.194
9.304.791.794
24.837.327.273
25.486.06E.631
Income tax benefits (expenses) consist of:
2012
Current tax
Deferred tax
(22,455,969,000)
Incomg tax axpensoa - net
(20,805,574,0'14)
1,650,394,956
2011
(15,643,067,430)
(582,687,833)
('16,225,755,263)
d. Cu,,ent tax
The reconcaliation between income before income tax, as shown in the consolidated statements of
comprehensive income and taxable income for the years ended December 31,2012 and 2011 are
as follows:
20't2
Income before income tax as shown in the
consolidated statements of
comprehensive income
82,471,758,412
2011
57.806,322,549
Less:
The Company portion from Subsidiaries income
Income ot Subsidiaries before tax expense
Income before income taxes ofthe Company
Temporary difference:
Employees' benefit
Allowance for impairment of kade receivables
Depreciation of tixed assets
Permanent difference:
Insurance
Tax expense
Tlansportation
Entertainment and donation
Jamsostek
26,894,548,535
21
,204 ,107 ,419
(73 ,388 ,372,2641
(55,017,051,528)
35,977,934,683
23,993,378,441
796,047,000
649,024,000
179,97 t,991
216,147,329
(143,778,794)
(192,239,598)
2,062,617,600
342.793.672
267.261.469
240.250,031
1.577 ,052,536
26,292,268
17.902,400
883,670,249
This otiginal consolidalecl financial stalement incluclecl herein is in the lndonesian language.
PT ANABATIC TECHNOLOGIES ANO SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
YEARS ENDED OECEMBER 31, 2012 ANO 2O1I
(Expressed in Rupiah, un1e33 otherwiso 3tat.d)
'|
8. TAXATION (continued)
d.
Curent tax
2012
Permanent difference (conlinued):
Gain on acquisition of subsidiaries
Income akeady subjected to final tax
lnterest income
The Company portion from Subsidiaries income
Others
Tarable incoms of thq company
20'11
141,148,204)
(85,203,911)
(26,894,548,535)
141,477,5861
(21 .204 ,107
,419)
819,241,274
r3,562,586,480
5,88/1,494,416
Calculation of tax expense ahd income taxes payable for the years ended December 31, 2012 and
2011 are as tollows:
2012
2011
=
=
:l
=
'19,065.322,500
410,432,000
15,232,635,430
Total Current Tax Expsnse
22,455,969,000
15,643,067,430
Less prepaid tax:
Company
Subsidiades
3,236,183,686
17,O22,784,275
1,393,499,960
10,806,975,769
Total prepaid income tax
20,258,971,961
12,200,47 5,729
Claim {payable) of income tax
Company
Subsidiaries
(2,042,534,225)
983,067,960
(4,425,659,661)
Total Income Tax Payable
(2,196,997,039)
13,442,551,7011
3,390,646,500
/'154,462,814')
The Company will report lhe amount ot taxable income for the year 2012 in the Notice of Annual
Income Tax (SPT) of the Company which will be submitted to the Tax Office. The Company has
reported the amount of taxable income in 2011 in the tax return filed with the Tax Ofiice.
=
=
Current tax exoense
Company
Subsidiaries
e.
Defered tax
Deferred tax assets (liabilities) and benefits (expenses) of on temporary differences between
financial repoding and tax using the applicable tax rates for 2012 and 20'11 are as followsl
=
2012
Curent Year
=
=
=
a
=
=
=
=
Balanc€
Januaty 1 , 2012
Company deferred tax assets:
Employees' benefit liabilities
Depreciation of lixed assels
Dsferrsd Tax
Benefil {Expense)
533,423,000
(52,958,610)
199,011,750
(35,026,178)
24.4O9,U7
(24,8O9,U7)
54,036,826
559,310,563
41,243,OU
190,419,229
2,649,142,853
762,542,844
(851,617,443)
697,432,843
Balanca
December 3'1,
2012
732,4U,750
(87,984,788)
Allowance for impairmenl in trade
Company deferred tax a3seB - net
Subsidiaries deforred tax assels
Subsidiarie3 deferred tar liabilities
37
3,411,685,737
F
F
Ei
F
F
F
fhis original consoliclated frnancial statemen! inctucjed hercin is in lhe tndonesian tanguage.
PT ANABATIC TECHNOLOGIES ANO SUBSIDIARIES
NOTES TO CONSOLIDATED FtNANCtAL STATEMENTS (conrinu€d)
YEARS ENOEO OECEMBER 31,2OI2 AND 2O1I
(Expros3ed in Rupiah, unlesg otherwise gt.todl
'|
8. TAXATION (contlnued)
o,
Dofo,,Ed tax (continued)
P
F
F
F
F
F
F
EI
E
2011
January t,201'l
Company deferred tax essetsl
Employees benefit tiabitities
Oepreciation of fixed assets
:a
=
=
=
Benefit lexpense)
2011
t.
't62,256,000
(48,059,900)
(1,471,123,598)
62,934,237
162,934.2371
533.423,000
(52,958,610)
24,809.347
54.036,826
Company defarod tax ass6b - n€t
1,799,266.998
(1,239,956,435t
559,3.t0,563
Sub3idiaries detorred tax a$ot3
1,503,556,351
1,145,586,502
2,649,142,853
Subsidiarie3 ctsferred tax tiabititie3
(488,317.9001
{373,299,5431
(86.t,617,443t
Clalm tor tax refund
Consist ot:
2012
Comganv
Current year
Past year
Subsidiaries
Current year
=
=
=
Oec6mbe.3l,
371,167,000
(4,898,710)
1,495,932,945
Allowance ior impairment in trade
receivables
r
=
Balance
Deforsd Tax
Balance
F
Ei
=
Curront Year
Past year
Total
2011
983,067,960
983,067,960
1,407,615,181
468,588,673
3,105,131,069
't,864,022,533
1,24't,106,536
4,556,7A7,702
5,,r95,8.t4,2r0
I9, AOVANCE FROM CUSTOMERS
This accounts consists of:
2012
IBM products
PT Logica lnformationTechnology products
Others
22,172,379,829
Total
38,876,735,101
16
,704.355.272
2011
22,172,3 t 5,5U
1,101,408,000
16,581,057,470
39,85,r,781,034
20. LONG-TERM . BANK LOAN
This account consists of:
2012
2011
=
€
PT Bank CentralAsia Tbk
Investment Credit Facitity
PT Bank Permata Tbk
Time Loan Facility
4,140,000,000
6,300,000,000
2,382,364.606
4,782,322,107
=
total
6,522,364,606
11,082,322,107
=
=
Long-term bank loans - current podion
PT Bank Central Asia Tbk
Investment Credit Facility
PT Bank Permata Tbk
Time Loan Facility
2,160,000,000
2,160,000,000
1,913,437,811
2,399,957,534
2
a
::t
E
38
Thts onqinal
rF
sn
the lndonesan language
PT ANAAATIC TECHNOLOGIES AND SUASIOIARIES
NOTES TO CONSOLIOATED FINANCIAL STATEMENTS (continued)
YEARS ENDED DECEMBER 31.2012 AND 2O1I
=
E
consoldalecl frnanctal statemenl ncluded hercn
{Expr6aed in Rupiah, unles3 otherwise Btated)
20. LONG.TERM - BANK LOAN (continuedl
2012
2011
Current portion
4,073,437,811
4,559,957,534
Long-tarm portion
2,448,926,795
6,522,364,573
PT Bank Central Asia Tbk (BCAI
Based on the Credit Ag.eement that notarized by a notary Stephanie Wilamarta, S.H., No. 29 dated
November 24, 2009, PT Karyaputra Suryagemilang, Subsidiary, obtained investment credit facility with
a maximum facility amounting to Rp 10,800,000,000. This loan facility is used to financing 6 units of
stores in Bidex stores complex Credit interest rates of this facility are 10.5% per annum. This credit
tacility will be repaid by installment from oecember 24, 2009 to November 24, 2014, with principal
installment of Rp'1 80,000,000.
E
of Notice for Credit Facility No. 1476/SOK/WX|U2012 dated July 20, 2012,
KPSG obtained Time Loan Revolving facility with a maximum facility amounting to
Rp 10,000,000,000. The interest rate is 10.5% per annlm and will mature on July 23, 2013. Until
Based on Letter
December 31, 2012, this facility is still not used.
This facilities are secured by:
-
=
=
-
7 areas of land owned by KPSG, Subsidiary, located in Serpong, Tangerang, Kelurahan Lengkong
Gudang, which are:
Right to Build and Use No 05338 / Lengkong Gudang, Blok H No. 1 with area 98 m).
Right to Build and Use No 05339 / Lengkong Gudang, Blok H No. 2 with area 75 m'z
1.
2.
3.
4.
5.
6.
7.
Right to Build and Use No 05340 / Lengkong Gudang, Blok H No. 3 with area 75 m'z.
Right to Build and Use No. 05343 / Lengkong Gudang, Blok H No. 30 with area 33 m'?.
Right to Build and Use No. 05344 / Lengkong Gudang, Blok H No. 3'1 with area 68 m'?
Right to Build and Use No. 05345 / Lengkong Gudang, Blok H No. 32 with area 88 m?.
Right to Build and Use No. 05455 / Lengkong Gudang, Blok H No. 33 with area 35 m?.
Trade receivables amounting to Rp 10,000,000,000.
During the term ofthe facility and in the course of there are amounts stillowed to the bank, without the
wrinen agreement from BCA, KPSG, Subsidiary, is not allowed to do the following things:
=
:f
=
-
Obtained new credit facility from other party and/or pledged as guarantor in any form and any
name and/or use the Company's assets/property to other party.
Pledge money, including to the related pariies, except for performing the daily operations.
Perform consolidation, merger, acquisilion and dissolution/liquidation. Pertorm consolidation,
merger, acq!isition and dissolution/liquidatron.
Changing the institutional status.
PT Bank Permata Tbk (Permata)
=
=
=
=
=
=
Based on the Letter of Credit Approval No. K|0/586iAI/D/CGVC dated August 11, 2010, KPSG,
Subsidiary, obtained a Term Loan credit facility with a maximum facility amounting to
Rp 9,000,000,000. The credit facility used to finance KPSG projects. The interest rates are 1'1.00o/o per
annum in 2012 and 12.5Oo/o in 2011. The credit facility will be repaid by monthly installments from
August 13, 2009 untilAugust 13, 2013, with principal installments of Rp 141,380,613..
Based on the Letter of Credit Offers No. 083/8P/CRC-WBlllll2O12 dated March 8, 2012, KPSG,
Subsidiary, obtained overdraft lacilitiy with a maximum facitity amounting to Rp 3,000,000,000. This
credit facility used for additional working capital. This loan bears inlerest rate at 11.50% per annum in
2012 and 12.50% perannum in 2011 This loan will expire on February 18,2013. Until December 31,
2012, this faciljtv is still not used.
4
3
This oiginal consoliclabd nnancial slatement included herein is in ihe lndonesian language.
€
PT ANABATIC TECHNOLOGIES ANO SUBSIOIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS {continuod)
YEARS ENDED DECEMSER 3I, 2012 AND 2OI1
=
(Expressed in Rupiah, unloss otherwiso etat.d)
=
4
20. LONG-TERM - BANK LOAN (contlnued)
PT Bank Pe,mata Tbk (P.rmata)
E
I
These facilities are secured by:
-
E
€
3
2I.
Corporate guarantee from the Company.
Land owned by KPSG, Subsidiary, in Pinangsia Stores Blok M, No. 2'1, Karawaci, Tangerang.
Trade receivables for projects that financed by 125% of every withdrawal.
Machineries and equipments that financed by 125% of every withdrawal values.
FINANCING PAYABLES
This is a financing payables for the purchase of vehicles with the following details:
=
I
2012
2011
3
PT Bank lnternational lndonesia Tbk
PT Bank ANZ Indonesia Tbk
240,111,917
388,669,292
68,119.080
€
Total
240,428,448
,156,788,372
Net of current portion
153,188,073
216,676,455
87,240,375
240,111,917
€
€
€
ft
z
Long-term ponlon
22. LEASE PAYABLES
This is a finance lease payable of on the vehicle from PT Orix International Finance to CTl, Subsidiary,
on December 31, 2012 and 201'1 with the tollowing details:
2012
2011
€
Lease
4t
Net ofcurrent portion
347,473,141
75,705,569
Long.torm portion
686,940,155
46,t,950,525
E
€
€
€
€
=
5
€
=
€
€
-
_D
1,034,413,296
537,656,094
23. E'NPLOYEES' BENEFIT LIABILITIES
The Group.ecognizes the estimated liability for employee benefits based on Law no. 13/2003 and
recorded in accordance with PSAK No.24 (revised 2010) "Employee Benefits"_ In 2012 and 2011, the
Group recorded a liability for employee benefits based on the assessment of PT Eldridge cunapdma
Solution, an independent actuary, in its report dated 29 April 20'13 and 20 April 2012 for the Company
and PT 02 Technologies, Subsidiary, April 15 2013 to PT Computrade Technology Indonesia,
Subsidiary, and PT Karyaputra Suryagemilang, Subsidiary, using the "Projected Unit Credit'method.
Assumptions that used in 2012 and 2011 are as follow:
20'12
Discounl rate
Wages and salary increase
Mortality rate
Retrement a9e
2011
6.90k
7.0o/o
-1999
55 years ofage
TMt-
40
8.0%
7.SYo
TMr-fl-1999
55 years ofage
This oiginal consolidaled financial statemenl included herein is in the lndonesian langtage-
PT ANABATIC TECHNOLOGIES ANO SUBSIDIARIES
NOTES TO CONSOLIOATED FINANCIAL STATEMENTS {CONTiNUEd)
YEARS ENOEO DECEMBER 31, 2012 AND 2011
(Expressed in Rupiah, unless olheawige atatod)
23. EMPLOYEES' BENEFIT LlABlLlTlEs (contlnued)
--
Employees benefit liabilities recognized in the consolidated statements of financial position consist of:
2012
The present value
Unrecognized actuarial gains
6,682,675,000
Net V.luo of Liabilities
7
1,140,200,000
,822,87 5,000
20'11
3,674,530,000
1,972,246,000
5,646,?76,000
Employees' benefit expenses recognized in the consolidated statements of comorehensive income are
as follows:
2012
Current service cost
Interest expense
Amo ization of actuarial losses
Employees' transfer cost
lmmediate recognition of vested past service cost
2,1A6,442,000
293,971,000
(140,459,000)
(163,855,000)
1,564,079,000
296,317,000
(18,613,000)
(143,862,000)
(120,617,000)
Prior yeaa adjustment
2,176,099,000
Employoes' Benef it Expenses
2011
1,577,304,000
Changes in employees benefit liabilities for the years ended December 31, 2012 and 2011 ate as
followsl
2012
E
2011
Eeginning of the yea.
Additionalduring the current year
5,646,776,000
2,'176,099,000
4,069,472,000
1,577,304,000
Ending of the Year
7,A22,875,000
5,646,776,000
=
=
24, CAPITAL STOCK
Based on the Statement of Directors Anabatic Technologies that notarized by the Notarial Deed of
ltlyra Yuwono, S.H., No. 1l dated l\rarch 3, 2011, the composition shareholders of the Company in
2012 and 2011are as follows:
Number of Shares
lssued and
=
ShareholdeJs
Handoko Anindya Tanuadji
PT Flaminggo l\4andiri
PT Sam Investama
Handojo Sutjipto
A.F. Warsito Hans Tanudjaia
PT MultiSarana Edukasi
Rosy l\4erianti Tanuadji
Andrian Anindya Tanuadii
17,358,000
8,042,000
1,782,600
1.750,000
1.500,000
1.350,000
1,130,400
900,000
687,000
Total
34,500,000
PT Artha Investama Jaya
r
r
F
Fully
Paid
41
PercEntago of
Owne.ghiD
Amount
1.99o/o
8,679,000,000
4,021,000,000
891,300,000
875,000,000
750,000,000
675,000,000
565,200,000
450,000,000
343,500,000
100.00%
r7,250,000,000
50.31%
23.31%
5.17%
5.07%
4.35%
3.910/o
3.28o/o
2.61%
h
;
This onginal consoliclated nnancial statement incluclecl herein is in the Indonesian language.
PT ANABATIC TECHNOLOGIES AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
YEARS ENDED DECEMBER 3I, 2012 ANO 2OI1
r
rF
.
(Expressed in Rupiah, un1e38 otherwise stated)
25. ADDITIONAL PAID IN CAPITAL - NET
In 2012 and 2011, thas account represents lhe excess of paid in capital from the issuance of share
caprtal
25. DtVtDENO
Based on statement of shareholders decision No.5 dated August 24, 2012, the Company
shareholders agreeing the distribution of a dividends amounting to Rp 4.'100.000.000 which is divided
in two (2) phases amounting to Rp 2 600 000 000 in February 2012 and Rp 1.500.000.000 in August
2012 issued by cash to shareholders.
Eased on news events, Meeting No. 082iGMS/LGL/2012. CTI dated June 11, 2012, the CTI
shareholders, Subsidiary, agreeing to distribute dividends amounting to Rp 400,000 per share or in
total amounting
to
Rp 4.000.000.000.
According the decision outside the general meeting of shareholders in as a substitute for annual
general meeting of shareholders {AGIV) dated March 5, 2012, the shareholders of PT Synergy Media
inlegration,Subsidiary, agreeing the distribution of a dividend amounting to Rp 2.000.000.000, was
issued by cash to shareholders.
SALES
Details of the sales are as follows:
2012
2011
1,702,785,912,090 1,139,414.347,640
Product
SeNice
246,0t6,104.213
Rent
Others
294,210,806,002
124,162,735,425
329,007,667
268,114,465.181
1,081,012,160
Total
2,244,093,434,465 1,532,020,555,913
COST OF SALES
Details of the cost ot sales are as follows:
2012
=
=
2011
Product
SeNice
Others
1,539,322,617 ,873
166,513,180,84s
1,023,110,046,710
249,516,833,390
221,037,s16,900
Total
1,955,352,632,108 1,326,724,984,7 42
82,577,421,132
29. OPERATING EXPENSE - SELLING
F
=
20.12
BP Reward
Training and seminar
Advertisin9 and promotion
Others
5,659,759,098
3,886,890,231
2,837,936,354
1,695,394,660
Total
14,079,980,343
=
=
=
E
42
2011
3,933,626,657
2.282,559,632
1.156,841,431
2,840 ,532,230
10,213,559,950
This oiginal consoliclated linancial slalemenl tncludeci herein is in lhe lnclonesian language.
E
PT ANABATIC TECHNOLOGIES AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
YEARS ENDED DECEMBER 31,2012 AND 2011
(Expressed in Rupiah, unless otherwi6E stated)
30. OPERATING EXPENSE - GENERAL ANO ADMINISTRATIVE
2011
2012
110 ,205.426 ,538
7 ,979 ,387 ,622
Salades and allowances
Depreciation (Note 11)
=
7,946,206,511
Rent
Transportation
Professional fee
tnsurance
Post, communication phone
Representation and donation
Employees benefits (Note 23)
Jamsostek
Tax
6,551,532,692
4,642,397.818
4,559,959,358
2,555 ,216 ,457
2,551,009,042
2,176,099,000
1
1
.324 ,324 ,77 8
.293 ,442,524
1,124,539,269
1,111,063,459
Lrcenses
Training and seminar
Repair and maintenance
Office supplies
Bad debts expense
Others (each below Rp 500 millions)
,010 ,497 ,042
8,125,368,296
5,961.526,769
4,641,864,881
2,129.090,533
3,084.694,351
2,492,999,362
1,916,389,035
1,577,304,000
854,474,297
1
,27 0 ,831
,794
616,917,640
1,770,805,190
992,OA1,282
1,502,134,742
979,458,355
471,884,124
6,197,846,147
2,370 ,067 ,443
'162,661,874,976
Total
71
1,137,059,136
3,990,586,479
t't4,452,610,990
31. SIGNIFICANT AGREEMENTS
..
PT IBM lndonesla
On March 23, 2006, the Company has entered into Business Panner Agreement with PT IBM
Indonesia, which the Company has the right to distribute iseries l8M, and IBM Integrated
Technology Services. Since 2011, the Company must buy lBl{ iseries from the distributors that
appointed by PT lBlvl lndonesia.
On January 15, 2003, PT Computerade Technology International (CTl) has entered into Business
Partner Agreement with PT IBM Indonesia, where the Company obtained distribution, sales, and
seNices rights of IBM pseries, IBM xseries, IBM Storage, lBlvl iseries, lBl\4 Point-of-Sales and
lBl\4 Software. Based on extension agreement dated February '17, 2010, lBl\4 extended the term of
this agreement until December 31, 2010. In connection with the Group's reorganisation planning,
CTI transferred distribution right ot IBM Products to PT Blue Power Technology (BPT), Subsidiary
=
through CTI
PT Blue Power Technology (BPT), Subsidiary, entered into an agreement with PT l8M Indonesia
in the form of the IBM Business Parlner Agreement, which the BPT has the right to distribute, sell
back, and provide services in the form of product seNice IBM Storage, IBM xseries, lBLil pseries ,
lBl\4 iseries, lBlvl Point-of-Sales (POS), and IBM Softwa.e, Pure Flex. Agreement is valid for two
years, commencing from Aptil2,2012 unlil Aptil2,2014.
b.
PT Oracle lndonesia
On February 19, 2003, CTI has entered into Partner Network Value Oracle Added Distribution
Agreement wath PT Oracle Indonesia, where CTI obtained distribution right of Oracle programme
to the end users with addition ot certain term and conditional package. Based on extension
agreement dated January 30, 2009, this agreement will expire on January 30,2012. In connectaon
with the Group reorganization. CTI transferred ihe distribution right of Oracle products to
PT Central Data Technology (CDT), Subsidiary, through CTl.
43
This oiginal consolidabd nnancial statement nclucled herein is in lhe lnclonesian language
PT ANABATIC TECHNOLOGIES AND SUBSIDIARIES
NoTEs TO CONSOLIoAfED FINANCIAL STATEMENTS {continuod)
YEARS ENDED DECEMBER 31.2012 AND 201I
(Expressed in Rupiah, unleas otherwisc statod)
31. SIGNIFICANT AGREEMENTS (continued)
b.
PT Oracle Indonesia (continued)
On January 19, 2012, CDT has entered into Coope.ation Agreement as Distributor with PT Oracle
Indonesia, where CDT has given right to distributes Oracle programme in Indonesia. This
agreement willexpire on January 19, 2015.
c.
Fortinet Inte.national, Inc.
On March 29, 2004, CTI has entered into Business Partner Agreement with Fortinet International,
Inc., where CTI obtained distribution right of Fortinets products. Based on the extension
agreement on March 1, 2006, this agreement will expire on March '1, 2007. The extension
agreement for 1 (one) year until March 2008 has been automatically extended by Fortinet without
written notice. In connection'with the Grcup s reorganization plan, CTI transferred this dist.ibution
right to PT Virtus Technology Indonesia (VTl), Subsidiary through CTl.
On March 19, 2012, PT Virtus Technology International (VTl), Subsidiary, signed a distributor
agreement with Fortinet Inc., which VTI have the right to distribute Fortinet Inc. products. This
agreement willterminate ifeilher pany gives notice ol termination of employment letter.
d.
Software Dynamic Sdn. Bhd.
On lvlay 1, 2003, CTI has entered into Eusiness Partner Agreement with Dynamic Software Sdn.
Bhd., where CTI obtained distribution right of lvlicro Focus products and non-exclusive right tor
marketing and reselling sofiwares product in Indonesia region. This agreement valid tor 1 (one)
year since the effective date and can be extended without written notice In connection with the
Group s reogranisation plan, CTI transferred this distribution right to VTl.
o,
Rod Hat Asia
P.cific Pte. Ltd.
On July 1, 2005, CTI has entered jnto dist.ibution agreement with Red Hat Asia Pasific Pte. Ltd,
where CTI obtained distribution right of Red Hat's products in Indonesia region. This agreement is
=
valid tor 1 (one) year since the effective date and can be extended without wrinen notice. In
connection with the Group s reorganization plan, CTI transferred this distribution right to VTl.
f.
Double-Take Software, Inc
On June 7, 2007, CTI entered into distribution agreement with Double-Take Software, Inc, where
CTI obtained distribution right and Software licenses of oouble-Take softwares in Indonesia
region. This agreement is valid since the singing date on June 14, 2007. This agreement is valid
for I (one) year since the effective date and can be extended without written notice. In connection
with the Group's reorganization plan, CTI transferred this product distribution right to Wl.
g.
PT Huawoi Toch Investment
On July 28, 2012, VTl, Subsidiary, has entered into Cooperation Agrcement as distributor with
PT Huawei Tech Investment, where VTl obtained dist.ibution right of Huawei's products in
lndonesia. This agreement willexpire on July 28, 2013
h.
EMC Intormation Syslem Intemational
On October 1, 2009, Wl, Subsidiary, has entered into Cooperation Agreement as distributor with
EMC Information System International. where VTI obtained distribution right of Huawei products in
Indonesia. This agreement will be valid for 1 (one) year since the effective date and can be
extended without written notice
44
fhis oiginal consolidated linancial statement included herein is in lhe lnclonesian language.
PT ANABATIC TECHNOLOGIES ANO SUBSIDIARIES
NOTES TO CONSOLIDATEO FINANCIAL STATEMENTS (continUed}
YEARS ENDED OECEMEER 3'I, 2012 ANO 2O'I'I
(Expressed in Rupiah, unless otherwise stated)
31. SIGNIFICANT AGREEMENTS (continued)
l.
Temenos
On September 1, 2006, the Company has entered into a Memorandum of Understanding (MoU) as
ihe main partner for the implemenlation of marketing and program s!pport Temenos. The iilou is
valid tor 7 (seven) years from the date of the memorandum of understanding and to be fully
implemented by the both parties.
j.
Hewlett-Packard South East Asia
On 4 April 2008, the Company has entered into Cooperation Agreement that the Company
obiained right to distribute products of Hewlett-Packard to various regions. This Agreement begins
on the effective date and remain etfective until it has terminated. Each party can not dismiss this
agreemenl at any time with'out giving a time period to the other party for 7 (seven) days after
writlen notice is sent. lf the distrjbutor does not follow the available programmes within 12 (twelve)
months, then this agreement will be automatically terminated.
K.
SAP AG
On October'1. 2008, the Company hes entered into Cooperation Agreement with SAP AG, that the
Company able to provide seNices such as consulting services, and/or implemenlation of software
that serves a variety of industries This agreemenl will be automatically extended without any
notice.
l.
Filenet
On May 31, 2007, the Company received a notification letter from FileNet Corporation which since
the date of October'12, 2006 became a subsidiary from l8M. Based on this lette., FileNet states
that all transactions beMeen the Company and FaleNet are under "Doing Busjness with lBlV".
m. Finarch APAC Pte. Ltd.
On 15 April 2009, the Company has enlered into Disiributor Agreement with Finarch APAC Pte.
Ltd. The Company develops the market share, supports the Business Intelligence and financial
reporting and comprchensive software analysis that enable the financial institution produces
varlety reports and analysis that needed. In this case, distributoa expect the Company to distribute
=
the software products with the terms and conditions apply.
The ierm of this agreement stans on the effective date and remain effective until lhe period of
1 (one) year unless terminaled eadier by either party, and will be automatically extended tor
anothe. one {1) year at least, until either party provides notification letter to the other party to stop
the renewal of this agreement at least 8 (eight) days before the expiration of 1 (one) year period or
after 1 (one) yea. period.
n.
Hewlett-Packard lndonosia
On November 2, 2009, the Company has entered into a cooperation agreement with HewlettPackard Indonesia as a business partner for Hewlett-Packard commercial products. HewlettPackard guarantees all tools and equipment against damage to all products by issuing warranty
card from PT Hewlett-Packard Berca Servisindo or PT Hewlett-Packard Indonesia
Thjs waranty period ranged from 12 (twe ve) to 36 (thirty six) months depending on the type of the
product. This agreement expires on October 31, 20'10 and has been rcnewed until now.
45
F
E
This oiginal consoliclated linancial slatemenl included hercin is in lhe lndonesian language.
F
PT ANABATIC TECHNOLOGIES ANO SUBSIOIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
YEARS ENDEO DECEMBER 3I.2012 AND 2OII
E
=
E
F
(Expressed in Rupiah, unless otherwise stated)
31. SIGNIFICANT AGREEMENTS (continued)
o.
VMware Inte.national Limited, lreland.
On January 10, 2012, VTl, Subsidiary, signed a distributor agreement with VMwarc Intemational
Limited, which has the rights to distribule VTI VMware products. This agrcement will expire on
E
April30,2013.
p.
Google Enlerp.iso, Singapo.e.
On October 31, 2012, l/rl, Subsidiary, signed a distributor agreement with Google Enterprise,
which has the rights to distribute VTl Google Enterprise products. This agreement will expire on
F
October 31, 2013.
q.
Thalos Transport & Security Ltd., Hongkong
On December 27, 2012, VTl, Subsidiary, signed a distribulor agreement with Thales Transport &
Security Ltd. (Hongkong), which have the right to distribute VTl products Thales Transpo.t &
Security Ltd. (Hongkong). This Agreement will terminate if either party gives notice of termination
ofemployment letter.
32. FINANCIAL RISK MANAGEMENT
In its daily business activities, the Group is exposed to sk. The main risk force by the Group arising
from its financial instrument are credit risk, foreign exchange currency risk, liquidity risk and capital
management risk. The Group s management oversees risk management ot these risks.
Credit risk
Credit risk is the rask that a third pady wall not meet ils liabilities by financial instrument or customer
contract, leading to tinancial losses. Group exposed to credit risk frcm operating activities and
financing activities, including deposits at banks, foreign exchange transactions and other financial
instruments. Credit risk mainly from trade receivables from customers.
Customer credit risk is managed by each business unit in accordance with the policies, paocedures,
and control of the Group relating to the management of customer credit risk. Credit limits are
determaned for all customers based on internal assessment criteria. Customer receivable balances are
monitored on a regular basis by the aelevant business units.
The following table provides information regarding the caedit limit taced by the Group
on
December 31, 2012 and 20111
2012
2011
Trade receivables
Other receivables
414,547,025,859
,313 ,235.927
336,102,391,237
46,728,394.881
Total
488,860,261,786
382,830,786,118
74
Forcign Curroncy Exchangc Rate Risk
Foreign currency risk is the risk in terms of fair value or future cash flows of a financial instrument due
to changes in exchange rates of foreign currencies. The effect of changes in the risk of forejgn
currency exchange rates primarily from the Group's operating activities.
Exposure to exchange rate fluctuations on lhe Group derived from the exchange rate between the
toreign currencies to Rupiah
The following is a monetary asset position in loreign currencies as of oecember 31, 2012 and 2011:
46
This original consolidated financial s/alement inctuded hercin is
in
the lnclonesian language
PT ANABATIC TECHNOLOGIES ANO SUBSIOIARIES
NOTES TO CONSOLTDATED FtNANCtAL STATEMENTS (continued)
YEARS ENOED OECEMBER 31, 2OI2 AND 2011
(Expressed in Rupiah, unless othe.wise gtated)
32. FINANCIAL RISK MANAGEMENT (conrinued)
E
F
F
F
F
tr
F
Foreign Cu.rency Exchange Rate Risk (continued)
2012
2011
Rp
Cash ahd cash equivatents
usD
Rp
11,208,704
29,456
1.253
108.389,033.865
377,335,819
12.562,816
7.a78
9450.360
EUR
AUD
HKO
SGD
74
583.545
uso 6,982.145
EUR 2.308
AUO 1,254
HKD
sGD
41
i08,788,960,405
288,039
63,472,334,938
I
F
63,433,416,773
27,091,687
11,538,439
Foreian Curencv Sensitivitv
I
.
d€scribes.rhe Company's sensitivity to a incrcase and decrease in
I-!:,-f9ll9yi9
rcrergn currencies transrated at the statement
Rupjah against
of financiar position date. 1oo/o is the sensitivity
rattused
when reportang internally the foreign currency risk to key management personnel and this represents
managements assessmenl of a reasonable possible change in foreign exchange €tes.
lf Rupiah strengthens by 10% against lhe foreign currencies, the amount In comprehengve
Income tor
the year ended December 31. 2012 woutd have decreasect by Rp 10,878,896,6i.j, whereas, if Rupiah
::_"lj.l-"
1glst the loreign_currencies, there woutd'be an equat and opposite exchange the
Increase ,9y,19"4
In comprehensive income The impact of the above change in exchange rale of Ruiiah
to
foreign currencies is mainry the resurt of change In the farr varue 6f foreign currincres
denominated
f inancial
liabilities.
Llquidlty Rbk
Liquidity risk is lhe risk to which the croup was not abre to meet its riabirities when due. Ivanagement
evaluate and
_close moniloring of cash inflows (cash_in) and cash outflow (cash_out) to ensure the
availability of funds to meet the payment needs of maturing riabirities. In generar, the
need to fund the
repayment of short-term liabilities and long{erm maturities derived from siles to customers.
The table below shows the maturity profite of the Group,s financiat tiabilities based
on contractual
unorscounled payments on December 31. 2012
.193.672's35''3r
Thnd P&ti.3
R.r.t.d p.nr.t
Ohr @iv.br.!
lhin p.ni.t
Our.3$t.
ronr^.nt
10 ?5r,3€O,2r
.3tr,t1l€r,r6,
47
t
1
=
E
E
E
=
E
This oiginal consolidaled linancial statemenl included herein is in lhe lndonesian language.
PT ANABATIC TECHNOLOGIES AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS {continuod)
YEARS ENDED DECEMBER 31,2012 AND 2O1I
(Exprossed in Rupiah, unloss othorwiso stated)
32. FINANCIAL RISK MANAGEMENT (continued)
Llquidity Risk (continued)
=
=
E
E
E
E
E
E
E
E
E
E
15
E
E
E
E
E
E
E
E
____:?j!.!_q!
t3.,!!q6r,.2rr
(3r,720,256,Drt tro6,(r.or5,5nt
=
E
The main objective of the GroLip's capital management is to ensure the maintenance Group high credit
ratings and healthy capital ratios to support the business and maximize the rcturn to shareholders.
The Group's management manages the capitial structure and make adjustments, based on changes in
economic conditions. To maintain and adjust lhe capital skucture, the Group may elect to adjust the
dividend payment to shareholders. No changes were made in the obiectives, policies or processes
durang the periods presented.
The Group's policy is to maintain healthy capitai latios in order to secure financing at a reasonable
cost.
33. FAIR VALUE OF FINANCIAL INSTRUMENTS
The table below is a comparison of the carying amount and the fair value of the Company's linancial
inslruments are recorded in the consolidated financial statements.
2012
2011
C;r'rfio--------
Carrying
Ahount
193,672,885,137
193.672.885.137
404,295,145,648
404,295,145,648
10,251,880,211
10.251 .880.21
7,635.354,E70
66.677.8E1.057
7,635,354 870
66.677,881,057
13,901 506,620
4,350,296,494
13 901.506 620
1
_29!,@9!r.
4.350.296.494
700,78i1,950,037
=
E
=
tr7a,!r7,9r0,25ll
Capital Management Risk
=
E
tr2t,5.r,26,2r6)
48
;ir
valua
95,551.108,405
95.551,108,405
330,177,574.140
330,177,574,140
5,924,817,097
5.924,617 ,O97
1,823,964,155
44,904.430.726
3,627,200.000
13.096,431.729
2,666.245.915
_w_
1,823,964,155
44,904.430,726
3,627,200,000
13,096,431,729
2,688,245,915
_w!ry
3
3
3
This onginal consolidaled financial slalemenl included herein ts in lhe lnclonesian lanwage.
PT ANABATIC TECHNOLOGIES AND SUBSIOIARIES
NOTES TO CONSOLIOATED FINANCIAL STATEMENTS {continued)
YEARS ENDED OECEI{BER 31, 2OI2 AND 2011
p
F
F
P
P
F
F
P
F
F
F
F
P
3
3
3
3
(Expressed in Rupiah, unless otherwiso atated)
33. FAIR VALUE OF FINANCIAL INSTRUMENT lcontinugd)
2011
2012
carrying
crrrylng
Flnanclal Llabilltl€3
Shodlem bank loans
Third parties
396.272.372.184
396,272 372.140
231,845.150,569
231,645,150,569
'177
177
,660 467 .226
432 033,562
122.845,206,006
1.600,780.376
122,846,206,006
1,600,780,376
22 151.962 555
8,496.960,630
8496,960,830
752,389,391
162.196.279,407
1 ,6A8 722,742
11 ,OA2,322,107
456.784,372
537 65€.094
752,389,391
162,196,279,407
1 ,688,722,742
11 ,082,322,107
456,788.372
537.655.094
.664.467 .226
432.033.562
zr't,ol,
zus., ro
1,751.633.31?
Longlem bank loans
6,522,364,606
240,424,444
1,034.413,296
Llabllltlo!
_p41939!9,?!g
271 .037
.255.110
1.751,633,312
6.522,364,606
240,428,448
1.034.413,296
877.1
02,e30.2e5
F
F,
7
F,
_:@!!1
541 ,503,255,Ee4
Fair value cash and cash equivalents, kade receivables, other receivables, restricted deposits, shortterm bank loans, trade payables, other payables, and accrued expenses approximate to their carrying
amounts largely due to their short-term matu ties.
Fair value of long-term bank loans, financing payables. and lease payables approximate to its fair
value because floating interest rate from financiat statement depends on adjustment from bank or
credators
Fair vaiue of due from related parties, due to related parties, and other assets recorded as histodcal
cost because its fair value can not be reliablv estimated lt is not practical to estimate the tair value of
these assets because ihere is no definite time period even though payment is not expected to be
completed within 12 months after the date ofthe consolidated statements offinancial position.
34. NONCASH TRANSACTION
Invesling activities which not affecting cash and cash equivalents are as follows:
il
P
Falr
Vrluo
2012
Additions of fixed assets through finance payables
Additions offixed asssets from lease payables
Reclassification of building from assets under construction to
direct ownership
Reclassification cost of vehicles from lease payables to direct
ownershrp
Reclassification accumulated depreciation of vehicles from
lease payables to direct ownership
2011
663,419,690
303,856,000
911,000,000
946,442,000
3
,415,288,125
2,760,409,818
788,137,E06
35. ISSUANCE OF NEW ACCOUNTING STANDARDS
The Indonesian Institute of Accountants has issued the followng revised PSAK. ISAK and Revocation
Statements of Financial Accounting Standards (PPSAK). These standards will be applicable to
financial slatements with annual periods beginning on or after January 1, 2013:
1. PSAK No. 38 (revised 20'1 'l
), "Business Combinations of Entities Under Common Control".
2.ISAK No. 21, "Agreemenls for Construction for Real Estate"
3. PPSAK No. 10, "Withdrawalof PSAK 51: Quasi-Reorganization Accounting
.
ISAK and above PPSAK has no relevance to the Group's activities to date, while for the possible
impact ofthe adoption of PSAK No. 38, if any, are still being eval!ated and can not be determined49
3
3
fhis original consolidaled fnencial slabmenl included hercin is in the lndonesian languago.
@
PT ANABATIC TECHNOLOGIES AND SUBSIDIARIES
NOTES TO coNSOLIoATED FINANCIAL STATEMENTS (contlnued)
YEARS ENOEO DECEMBER 3I,2O'I2 AND 201I
P
p
3
3
P
3
3
F'
F,
F
(Erpressed in Rupiah, unlsse othorwise stated)
36. SUBSEOUENT EVENT
PT Bank
Based
R€ona Pordania {Perdanla)
on the Letter of Credit Agreement Amendment No. 060284FLH, No.
Based on the Letter of Crcdit Agreement Amendment No. 060354R1H, dated 16 April 2013, PT Bank
Resona Perdania agreed to extend the term of the loan PT Karyaputra Suryagemilang, Subsidiary,
untilApril 16, 20'14.
PT Bank Pe.mata Tbk (Pqrmata)
Based on the Changes in ths Provision
ot
Banking Credit Facility Agreement No. 222|BP|CRC-
WB^r'/2013 dated May 22. 2013, PT Bank Perrnata Tbk (Permata) agreed to extend the facilities ot the
Company until lvarch 25, 2014.
v<t
3
3
3
3
3
3
3
3
<,
3
3
3
50
I
060285F1H,
No. 080154RLH, and No. 080155F1H, dated Febtuary 27,2013, PT Bank Resona Perdania agreed to
extend the term of the loan PT Karyaputra Suryagemilang, Subsidiary, unlil Febtlary 27,2014.