PT MATAHARI DEPARTMENT STORE Tbk LAPORAN KEUANGAN INTERIM/ INTERIM FINANCIAL STATEMENTS 30 SEPTEMBER 2015 (TIDAK DIAUDIT) DAN 31 DESEMBER 2014 (DIAUDIT)/ 30 SEPTEMBER 2015 (UNAUDITED) AND 31 DECEMBER 2014 (AUDITED) DAN/AND UNTUK PERIODE SEMBILAN BULAN YANG BERAKHIR PADA TANGGAL 30 SEPTEMBER 2015 DAN 2014 (TIDAK DIAUDIT)/ FOR THE NINE-MONTH PERIOD ENDED 30 SEPTEMBER 2015 AND 2014 (UNAUDITED)PERNYATAAN DIREKSI LAPORAN POSISI KEUANGAN LAPORAN LABA RUGI DAN PENDAPATAN KOMPREHENSIF LAINNYA LAPORAN PERUBAHAN EKUITAS LAPORAN ARUS KAS CATATAN ATAS LAPORAN KEUANGAN INTERIM Halaman! Page 4 -6-58- BOARD OF DIRECTORS’ STATEMENT ‘STATEMENTS OF FINANCIAL POSITION STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME ‘STATEMENTS OF CHANGES IN EQUITY STATEMENTS OF CASH FLOWS NOTES TO THE INTERIM FINANCIAL ‘STATEMENTSG MATAHARI DEPARTMENT STORE PT MATAHARI DEPARTMENT STORE Tbk PT MATAHARI DEPARTMENT STORE Tbk ‘SURAT PERNYATAAN DEWAN DIREKSI BOARD OF DIRECTORS’ STATEMENT TENTANG TANGGUNG JAWAB ATAS REGARDING THE RESPONSIBILITY FOR LAPORAN KEUANGAN INTERIM PADA THE INTERIM FINANCIAL STATEMENTS AS AT TANGGAL 30 SEPTEMBER 2015 DAN 30 SEPTEMBER 2015 AND 31 DECEMBER 2014 31 DESEMBER 2014 SERTA UNTUK PERIODE AND FOR THE NINE-MONTH PERIOD ENDED ‘SEMBILAN BULAN YANG BERAKHIR 30 SEPTEMBER 2015 AND 2014 ‘30 SEPTEMBER 2015 DAN 2014 Kami, yang bertanda tangan ai bawah ii We, the undersigned: 1. Nama Bunjamin J. Mailool 1 Name Bunjamin J. Maiioo! ‘Alamat Kantor: Menara Matahari, Office address: Menara Matahari, Lantal 15 Jl. Bulevar 18th floor J. Bulovar Palem Raya No.7 Patem Raya No.7 Lippo Karawaci 1200, Lippo Karawaci 1200, Tangerang 15811 Tangerang 15817 Alamat domisii : Gading Griya Lestari C177 Home address: Gading Griya Lestari C1/7 (cesuaikartu RT. O12/RW. 005 (as stated in ID) RT. O12/RW. 005 identitas) Kec. Sukapura, Kee. Sukapure, Jakarta Utara ‘North Jakarta No, Telepon —_; (021) 547 5333, 646 9333 Phone number: (021) 647 6333, 546 9933 Jabatan Presiden Direktur Tie President Director 2, Nama arty Michael Remsen 2 Name Larry Michael Remsen Alamat Kantor: Menara Matahari, Office address = Menara Matahar, Lantai 15 JI. Bulevar 15th floors Bulevar Palem Raya No.7 Palom Raya No. 7 Lippo Karawaci 1200, Lippo Karawaci 1200, Tangerang 15811 Tangerang 15811 ‘Alamat domisili_: Taman Golf No 62 Homo address: Taman Golf No 62 (eesuaikartu Lipo Karawaci (as stated in 1D)” Lippo Karawaci identtas) Kelapa Dua Kelana Dua Tangerang Tangerang No. Telepon = (021) 547 5333, 546 9333 Phone number (021) 647 6333, 546 9393 Jabatan Wakil Presiden Direktur Title : Vioe President Director menyatakan bahwa declare that: 1, Kami bertanggung jawab atas penyusunan dan 1. We are responsible for the preparation and penyalian laporan Keuangan interim PT Matahari presentation of PT Matahari Department Store Department Store Tok Tks interim financial statements; PT Matanar Department Store Tok Bart Sat Paz bth oo end Catt SubotoKav.35-6, Sout akarta, ndonesia (Operational Head Office: Wenaattaha stir I. ulevar Pale Raya No 7, inp Krawac!1200-Tangerang 1581, Indonesia Tel 6221 $47 5233, Fax: 6221 5475292G MATAHARI 2 Demikian pernyataan ini dibuat dengan sebenamya, DEPARTMENT STORE Laporan keuangan interim Department Store Tok telah disusun dan disajikan sesuai dengan Standar Akuntansi Keuangan di Indonesia; a. Semua informasi dalam laporan keuangan 3. interim PT Matahari Department Store Tbk telah dimuat secara lengkap dan benar; b. Laporan keuangan interim PT Matahari Department Store Tbk tidak mengandung Informasi atau fakta material yang tidak benar, dan tidak menghilangkan informasi atau fakta material; Kami bertanggung jawab tas sistem 4. pengendalian internal dalam PT Matahari Department Store Tbk. PT Matahari 2, ‘PT Matahari Department Store Tbk's interim financial statements have been propared and presented in accordance with Indonesian Financial Accounting Standards; a. All information in the PT Matahari Department Store Tbk’'s interim financial statements has been disclosed in a complete and truthful manner; b. PT Matahari Department Store Tbk's interim financial statements do not contain any Incorrect information or material facts, nor do they omit information or material facts; We are responsible for PT Matahari Department Store Tbk's internal control systoms. ‘Thus, this statement is made truthfully. Atas nama dan mewakil Direksi! For and on behalf of the Board of Directors Bunjamin J. Mailool Presiden Direktur/ President Director Larry Michael Remsen Wakil Presiden Direktur! Vice President Director Jakarta, 27 Oktober/ October 2015 PT Matanarl Department Store Tbk. arta atu Plaz bth oor end Gott Subrot Kav 35-36, South aka, Indonesia Operations He Office Wenoatotaha stir, J BulevarPalem Ray No, 7, ipo Karowac1200- Tangerang 11, Indonesia Tel: 6221 S47 $23, Fax: 62215475232PT MATAHARI DEPARTMENT STORE Tbk Halaman 1 Page LAPORAN POSISI KEUANGAN 30 SEPTEMBER 2015, 31 DESEMBER 2014 DAN 1 JANUARI 2014 (Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) 30 September! Ccatatan’ September ‘Notes 2015 Asot Aset lancar Kes don setara kas 4 659,770 Pang usaha = pak eta 33564 tang lain = pak tga sate = phak brelas 20 4234 Persedaan 5 997.328 Praja dbeyor dra = pak in ln 108 124928 Beban dbayar di mika sewa 7 80343 “ambin 3.907 ang mua sewa 7 6,459 ‘set lana inaya 21229, Juniah aset lancer 2.015.856 ‘Asot tidak lancar Kas dan setara kas yang ibatasi penggunsancya 1" ang mula persian asettolap ae72 ‘set pajaktanggunan 104 48,625 Aset telan (selelan darangh ‘akurulaspenyusutan ‘sebesar Rp 1.062.765; 531 Desenber 2044: Fp 899.445; 1 Januar 2014: Fp 686.900) 6 876895 ‘Sewajangka parjang 7 376083, Ung jarinan 146.955, ‘set tak ance lainnya 103,792 uri aset keuargan itaklancar 11587:332 Jumlah aset " Disajikan Kembali, that Catatan 29 CCatotan ats aporan keuangen merupakan besian yang ak terplsankan dal laporan Kevangan interim. STATEMENTS OF FINANCIAL POSITION AS AT 30 SEPTEMBER 2015, 31 DECEMBER 2014 AND 1 JANUARY 2014 (Expressed in milions of Rupiah, unless otherwise statod) 31 Desember! 4 Januari December January 2014"! 20a Assets Current assets 725,895 maw (Cash and cash equivalents Trade receveble 45,053, 92,788 third parties - ‘other receivables 17,786 15,098 third partes 46504 16052 related partes 955231 7233808 Inventories Prepaid tx 71624 27.765 other ax = Prepaid expenses 81625 esse 9381 others 12388 Rental advances 42.992 Other curent assets 2as7.507_ __ 1.703.057 Total current assets Non-current assets Restricted cash and cash equivalents ‘Advances for purchase 48,956 offixed assets 49250, Deferred tax assets Fixed assets (net of accumulated depreciation of Rp 1,002,765 31 December 2014 Rp 893,445; 1 January 2018: 725,954 7a7.188 Rp 685,900) 317,582 259,284 Long-term lease 128,188, 108,804 Refundable deposits 24577 20268 ther non-currantassots 1.205.467 _ 1296718 _ Total non-curent financial assets 2,930,785. Total assets 7 Restated, s00 Note 29 ‘Tho accompanying notos form an integral pat of These itorin inanca statomentsPT MATAHARI DEPARTMENT STORE Tbk Halaman 2 Page LAPORAN POSISI KEUANGAN STATEMENTS OF FINANCIAL POSITION 30 SEPTEMBER 2015, 31 DESEMBER 2014 AS AT 30 SEPTEMBER 2015, 31 DECEMBER 2014 DAN 4 JANUARI 2014 (Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) 30 September! 31 Dosember! Catatan’ September December Notes 2015 2014" Liabittae dan Exuttas Labittes Liabiitas lancer ang usata pak ketoa 8 o7a.118 1.410.802 (ang ian hak ketga 167.901 105,760 hak berelas! 20 45, 42903, ang pak 10> = pajk penghastan badan 119,643 128.814 “pak lainan 18373 14725 Akeual “ phsk kta ° ar734 21786 «pak berelos} 9.226 39501 45.122 Kw aban irbelan kerja ‘gk pendek | 173,903 182,041 Ponghastan tangguhan 6,180 427,000 Prjamran bank angka panjang = bagian atu tempo dalam sats tahun " 695,708, 278978 ura tables lancer 251405 2.510.521 Liabiltas tidak lancar jen bank angks panjang bagianjatuh tempo lebh dai sat than " : 10,101 Kew ajoan inbalan tara angka panang 19 350.68 324979 Jumish labs tak lancar 59.808 705.170 lumi fabitae 2.911.335, 5.259.601 Exultas Modal saham rndal dasar 3.911.120.640 tember saham rrodal dtempatkan dan ‘distor ponuh 2917.918.080 lerbar sanam yang teri dav 6.168.000 lembae saham seri A dengan ni nominal Fp 5.00 per saham (ia penuh) 258,006,320 lenbar saham ‘et B dengan nti nominal Rp 350 per saham (na penuy 2.652.652.800 embar eahameeriC ‘dengan nia nominal Rp 100 per saham nia penuh) 2 386,794 386,794 ‘Tambahan medal distor 8 (357,994) (a57t,624) Saldo ba = Deadangkan “ 116.397 116,987 Tidak dleadangkan 3,760,596 3.228.008 dma ekutas 60,055, 159,269 Jumlah tabilitas dan ekuitas 3,603,108 412.954 pisalikan kemball, hat Catatan 29 CCatatan ata laporan keuangan merupakan bagian yang tidak terpisahkan dart laporan keuangan interim, AND 1 JANUARY 2014 (Expressed in milions of Rupiah, ‘anwar danuary 2014" 1265,958, as.402 11434 r3810 13.546 160,16 31036 25758 100,136 29,140 1.990.181 1.560.531 276.056 1.942.507 3,732,768 386,704 (@sris34) 19.97 2.275.700 (792,983) 2,990,705 unless otherwise stated) Liabilities and equity Labiities Current liabilities Trade payabies third partes = Other payabies third parties - lated partes - Taxes payeble corporate income taxes = ‘thor taxes - ‘Accruals third parties - related partes - ‘Short-term employeo benefits obligations Deferred income Long term bank foans portion die within one year Total curent abilities Non-current liabilities ong term bank foans portion due over one year Long-term employee Donets ebigetions Total nor-curren abilities Tota abies Equity Share capital - Authorised capital 3.911,120,640 shares, Fssued ana fully paid 2.917,018,080 shares that consist of 6.168.980 yp0 A shares with par valve ‘Rp 8.000 per share (ul amount) 258,096,320 ype B shares ‘th par value Rp 350 per share (ul amount) 2,852,652, 800 pe C shares ‘th parvalue Rp 100 por share (tll amount) ‘Adivonal paid capital Retained earnings “Aopropratad = Unaporopriated - Total equity Tote! labilitiesand equity 7 Restated, see Note 20 ‘The accompanying notes form an integral pat of these iter franca eistemontsPT MATAHARI DEPARTMENT STORE Tbk Halaman 3 Page LAPORAN LABA RUGI DAN PENDAPATAN KOMPREHENSIF LAINNYA UNTUK PERIODE SEMBILAN BULAN YANG BERAKHIR 30 SEPTEMBER 2016 DAN 2014 (Dinyatakan dalam jutsan Rupiah, kecuali dinyatakan lain) 30Septembor! Catatani Soptomber 2015 Notes, Pendapatan Penluaian eceran 4312765 Penjuaiankonsinyasi- bersin 2asttes 15 Fendepatanjasa 39,031 Pendapatan bersin oa12964 Boban pokok pendapatan Qseoor) 16 Laba kotor 4292,053 Beban usaha @sto27y 17 Keuntungan (kerugian) lainnya -bersth 2548 (2.507.734) Laba oporast 4785219, Penghaslon keuangan 17678 Beban keuangan 19611 Biaya keuangan -bersih (24,286) Laba sebelum paiak penahasilen 1.740.933 ‘Beban pajok penghasian (985,899) 100 Laba perlode berialan +1306,040, Rugi komprehensif la Pos yang tidak akan direklasfikasikan ke laba rug: Pengukuran kembaatas ke aban ‘balan kero Fendapatanpajak penghastian teckat Rugi komprehensif la ‘setelah pajak 2 Pondapatan komprehen: 14384,040 Laba bersin| er saham dasar dan dllusian (nilal penuh) 20 Disajikan Kembali that Catatan 28 Catan ata lporan kouangan merupakan bagian yang tak terpisahkan dai laporan keuarganirim, STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE NINE-MONTH PERIOD ENDED 30 SEPTEMBER 2015 AND 2014 (Expressed in milions of Rupiah, unless otherwise stated) 30 September! ‘September 2014" Revenue 3,730,094 Retail soles 2.267.783, Consignment sales - net 32,572 ‘Serwce fees ea2a4i9 Net revenue 2212611 Cost of revenue 3,926,008, Gross profit (2,199,602) Operating expenses (25.316) Other gains (losses) «net (2,224,817) 4.601.991 Operating profit 1807 Finance income (221,609 Finance casts (203,532) Finance expenses - net 4.998.459 Profit before income tax (338.091) Income tax expense 1.080.428 Profit for the period Other comprehensive loss: ems that will not be reclassified to profit or loss: Remoasurements ofemployee 17.182) benefits obligations Related income tox 3437 benefit Other comprehensive 13,746 ‘oss, net of tax 1.046.685 Comprehensive income Net earnings per share basic ‘and diluted (fall amount) 7 Restated, see Note 29 Tho accompanying notes form an intogral part of {hase Interim financial statment,sqowore /eoveuy wuoqu assy J0 Ved bol ue uso} sejeu Baxveduoace ous $102 sequioidag of Je 2oueyeg 398'169 965'090'¢ Z6e'91F pupa opr ise) (evv'igad - poued ayy ovo'vee't oro'rse's = 10} 8w0du) ausuBYesduioD (8}0) —— 350) ensvayesduioo 18410 : = : potsed a4 20} WOH ovo'vae's ovo'vee's (102 pesies) yz oN Svs zee) (zea) * po uonequousejdun 04 one yes u) wounsefoy payiodes fisnoynosd se ose'zzt cee'ore'e s6e'9 ‘shoz Asenuer 1 ye soueyeg ‘07 sequioides o¢ 18 eourjeg (s¥'902) 192 298 Z6E'StF usp (@5¥'099) (osv'090) = poved ou ca9'9r0't ee9'9¥0"s 2 40) 8woou) sx/suoyorduioo (304 Se $80) arsuoyosdwoo 010 ren (erren = poved 24 40514044 ezv'oa0't 8zy'080"4 - (e102 Posie) xz ON S¥4S Gio) (ust jo wonewwowordy of oyeyes us woursapy porodes Ajsnojnasd se cueien) Luezee'e sse'sth ‘yhoz Arenuer 1 ye oourjeg Teel payendorddeun ~parendorday hueiwne —"juexBuepeoip” ‘uewBuepedig epi ‘SBujUT6® puree, ‘yepn uek vebeq ue jy vebueney vesode, uep UeRyesidoR ruou ue6veroy uesode see VEIIeD rege! OPIS (paye}s esuiayo ssequn ‘yeidny Jo suoypul ut pesseid3) LOZ ONY SL0z HIEWILdTS OF GIONI GOWd HLNOW-ININ HL YOF ALINDA Ni SIONVHD 40 SINIWSLVLS (ests) ves'98e Shoz seqwiides of opies : = » pag : - Uugjeiog spond psuoyeiduoy ueedepued yewunr = = tae, ysuaye1d04 16mg 2 s Leetiog epoued eget : - ez (e102 tne) yz ON vss Uedevoued uebuap ueBunqnuyss verensaAueg (wes'tus's) —ves'a9e 0s ueysodep niedos 'stoz wenuer 1 opies (westss) "ver'eee hoz soquioidos oF Opies = z » oping % 2 uejelieg apoued susysiduoy uejedepued youn = = up| esuayaidiioy 16mg - - uejetag spoued eae > e (ch02 181002) ve ‘ON WS uedeseued uebvep ebungnyas velensaxug (res'tus'e) —-yes'eee efuwinjaqes uexsodeyp niodas Teides Teves s6y0N ujpied seus ——juveie9 revonippy —jweyes novesip——repow repow weyequies (uel uexeVeAulp wensey ‘yetdny ueein! welep uexerekuIg) vLoz NVG S107 N3EWSLd3S of MIKDIVYAG ONVA NVINE NVTISW3S 3dORMSd MAINA SVLINYS NVHVENYad NVEOdVT obed y uewe|eH GL HOLS LNSWLMVd3d PYVHVLWN LdPT MATAHARI DEPARTMENT STORE Tbk Halaman 5 Page LAPORAN ARUS KAS STATEMENTS OF CASH FLOWS UNTUK PERIODE SEMBILAN BULAN YANG BERAKHIR FOR THE NINE-MONTH PERIOD ENDED 30 SEPTEMBER 2016 DAN 2014 30 SEPTEMBER 2015 AND 2014 (Dinyatakan dalam jutaan Rupiah, (Expressed in milions of Rupiah, kecuali dinyatakan lain) unless otherwise stated) 30September! Catatan’ 30 September! September 2015 Notes September 2014 Arus kas dar! aktivitas a Cash flows from operating operas! activities, Penerimaan dari pelanggan 13,298,992 11,989,123 Recelots trom customers Pembayaran kepada pemasok (6,008,993) (8.310.884) Payments fo suppliers Pembayaran kepada karyaw an Payments to employees dan ain-lan 275,001), 2.823.897) ‘and others Kas yang dinasikan Cash generated dati operasi 1.514.998 1,134,342 from operations Penerimaan penghasilan bunga 24,248 16,783 Interest received Pembayaran pajak Corporete income enghasian badan 968,590) 292,924) tax paid Arus kas bersih yang dihasiikan Net cash flows provided darlaktivitas operas! 1,169,656 6 from operating activities ‘Arus kas dari aktivitas Cash flows from investing vestasi activities Pembayaran uang muka Advance payment for pembelan aset ietap (929,746) (180,989) purchase of fixed assets Perolehan aset ietap (70534) 67.387) Acquisition of fixed assets Hasil dal penjualan aset tetap 18 1925. Proceeds from sale of fixed assets ‘Arus kas bersih yang digunakan ‘Not cash flows used in untuk aktivitas investasi (994.194) (207,471) Investing activities ‘Arus kas dari aktivitas Cash flows from financing pendanaan activities Pembayaran dividen (o51.4de) 14 (440,156) Dividend payment Pembayaran beban bunga dan Payments of interest and biaya bank (60,139) (152,614) bank charges Pembayaran pijaman bank : (2,039,253) Repayments of bank loans Penerimaan pinjaman bank 41850,000, Proceeds from bank foans ‘Arus kas bersih yang digunakan Net cash flows used in ‘untuk aktivitas pendanaan (901,587) (982,023) financing activities Penurunan bersih Net decrease in kas dan setara kas (126,125) (320,293) cash and cash equivalents Cash and cash equivalents Kae dan setara kas pada atthe beginning ‘awal periode 785,895 797,796 of the period as dan setara kas pada Cash and cash equivalents ‘akhir periode 597704 468,503, ‘at the end of the period laporan keuangan menupekan bagian yang tak ‘The accompanying netes frm an intra pat of fr laporan keuangan term, {hese interim franca statemontsPT MATAHARI DEPARTMENT STORE Tbk Halaman 6 Page CATATAN ATAS LAPORAN KEUANGAN INTERIM 30 SEPTEMBER 2016, 2014 DAN 31 DESEMBER 2014 (Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) umum PT Malahari_ Department Store ‘Tbk (Perusahaan") didikan dengan nama PT ‘Stephens Utama Intemational Leasing Corp berdasarkan Akta Notaris Misahardi Wilamarta, SH., No. 2 tanggal 1 April 1982. Akta pendirian ini disahkan oleh Menteri Kehakiman Republik Indonesia dalam Surat Keputusan No. C2-2611- HT.01.01.TH.82 tanggal 18 November 1982 serta diumumkan dalam Berita Negara No. 4 tanggal 14 Januari 1983, Tambahan Berita Negara No. 58. Perusahaan —_memulai__kegiatan __usaha komersiainya pada tahun 1982. Sojak tanggal 30 Oktober 2008, Perusahaan bergerak dalam usaha_jaringan gerei_ setba ada yang menyediakan berbagai_macam barang seperti akaian, aksesoris, tas, sepatu, kosmetik, dan eralatan rumah tanga serta jasa konsultan manajemen. ‘Anggaran Dasar Perusahaan telah beberapa kali mengalami perubahan, diantaranya sesuai dengan Akta Notaris Stephanie Wilamarta, S.H. No. 61 tanggal 30 Oktober 2009, antara lain mengenai 4. Perubahan dan penambahan maksud dan tujuan serta kegiatan usaha Perusahaan ‘menjadi usaha di bidang perdagangan; 2. Petubahan nama Perusahaan menjadi PT Matahari Department Store Tbk; dan 3. Perubahan susunan Dewan Komisaris dan Dewan Direksi Perusahaan. Perubahan tersebut disetujui dalam Rapat Umum Pemegang Sham Luar Biasa__tanggal 30 Oktober 2009 oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dalam Surat Keputusan No. AHU-57063.AH.01.02 tahun 2009 tanggal 23 November 2009 dan telah didaftarkan, dalam Daftar Perusahaan No, AHU- 0077854.AH.01.09 Tahun 2009 —_tanggal 23 November 2009. NOTES TO THE INTERIM FINANCIAL STATEMENTS 30 SEPTEMBER 2015, 2014 ‘AND 31 DECEMBER 2014 (Expressed in milfons of Rupiah, unless otherwise stated) GENERAL PT Matahari Department Store Tbk (the "Company’) was established as PT Stephens Utama Intemational Leasing Corp based on Notarial Deed No, 2 dated 1 April 1982, of Misahardi Wilamarta, S.H.. The deed of establishment was approved by the Minister of Justice of the Republic of Indonesia in Decision Letter No. C2-2611-HT.01.01.TH.82 dated 18 November 1982, and was published in the State Gazette No.'4 dated 14 January 1983, Supploment of the State Gazette No. 58. The Company started its commercial operations in 1982. Since 30 October 2009, the Company has engaged in the retail business for several types of products such as clothes, accessories, bags, shoes, cosmetics, and household appliances, and management consulting service. The Articles of Association of the Company have been amended from time to time, and among others the amendment by Notarial Deed No. 61 dated 30 October 2009 of Stephanie Wilamarta, S.H. related to: 1. Change and addition of the Company's purpose, objective and business activity to trading activity; 2 Change of the Company's name to PT Matahari Department Store Tbk; and 3. Changes in the composition of the Company's Board of Commissioners and Board of Directors. This amendment was approved in the Extraordinary General Meeting of the ‘Shareholders on 30 October 2009 by the Minister of Law and Human Rights in Decision Letter No. AHU-57063.4H.01.02 year 2009 dated 23November 2009, and was registered in ‘Company Register No. AHU-0077854.4H.01.09 Year 2009 dated 23 November 2009.PT MATAHARI DEPARTMENT STORE Tbk Halaman 7 Page CATATAN ATAS LAPORAN KEUANGAN INTERIM 30 SEPTEMBER 2015, 2014 DAN 31 DESEMBER 2014 (Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) 1 UMUM (lanjutan) Berdasarkan Rapat Umum Pemegang Saham_ Luar biasa pada tanggal 20 September 2011 yang diaktakan dengan kta Notaris Ny. Poerbaningsih Adi Warsito No. 32 tanggal 20 September 2011 dan telah diterima oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dalam Surat. _Penerimaan, Pemberitahuan Penggabungan PT Matahari Department Store Tbk No. AHU-AH.01.10-30555 tanggal 26 September 2011 dan telah didaftarkan dalam Daftar Perusahaan No. AHU- 0077329.AH.01.09 Tahun 2011 tanggal 26 September 2011 dan Perbalkan Surat Penerimaan Pemberitahuan Penggabungan PT Matahari Department Store Tbk No. AHU.2- AH.01.01-341 tanggal 13° Januari 2012, pemegang saham Perusahaan menyetujui antara Jain penggabungan Perusahaan dengan entitas induk Perusahaan (PT Meadow Indonesia), yang berlaku efektif sejak tanggal 30 September 2011 dan penetapan susunan pemegang saham Perusahaan yang baru, Perubahan jenis Perusahaan dari Non Fasiltas Umum menjadi PMA juga telah disetujui olen Badan Koordinasi Penanaman Modal (‘BKPM") berdasarkan Surat_Keputusan Kepala BKPM No.8/1/IU/IVIPMA/PERDAGANGANI2011 tanggal 20. Oktober 2011 tentang izin_usaha enggabungan perusahaan penanaman modal ‘Sebagal hasil penggabungan, maka pada tanggal efektif penggabungan usaha tersebut, badan hukum PT Meadow Indonesia bubar demi hukum dan seluruh aset dan liablltas PT Meadow Indonesia beralin kepada Perusahaan (linat Catatan 13). NOTES TO THE INTERIM FINANCIAL STATEMENTS 30 SEPTEMBER 2015, 2014 AND 31 DECEMBER 2014 (Expressed in milions of Rupiah, unless otherwise stated) GENERAL (continued) Based on the Extraordinary Shareholders’ General Meeting dated 20 September 2011 which was notarised by Notarial Deed No.32 Ny. Poerbaningsin Adi Warsito dated 20 September 2011 and was received by the Minister of Law ‘and Human Rights of the Republic of Indonesia in the Roceipt of Notification for Merger of PT Matahari Department Store Tbk No. AHU- ‘AH.01.10-30555 dated 26 September 2011 and was registered in Company Register No. AHU- 007329.4H.01.09 Year 2011, dated 26 September 2011 and Correction’ of Receipt of Notification for Merger of PT Matahari Department Store Tbk No. AHU.2-AH.01.01-341 dated 13 January 2012, the Company's shareholders approved among others, the Company's merger with ts parent company (PT Meadow Indonesia), which was effective from 30 September 2011 and determination of the now ‘shareholders composition The change in the type of the Company from a ‘Non-Public Faciities Company to PMA has also been approved by the Investment Coordinating Board ("BKPM') based on Head of BKPM Decision Letter No. S//MUAV/PMAL PERDAGANGAN/2011 dated 20 October 2011 about the business license of merger capital investment company. As a result of the merger, as from the effective date of the merger, the legal entity of PT Meadow Indonesia is dissolved by law and all assets and liabilities of PT Meadow indonesia are transferred to the Company (see Note 13).PT MATAHARI DEPARTMENT STORE Tbk Halaman 8 Page CATATAN ATAS LAPORAN KEUANGAN INTERIM 30 SEPTEMBER 2015, 2014 DAN 31 DESEMBER 2014 (Dinyatakan dalam jutaan Rupiah, kecuall dinyatakan lain) 1. UMUM (lanjutan) Perubahan terakhir atas Anggaran Dasar Perusahaan dimuat dalam Akta No. 22 tanggal 7 Juli 2018 yang dibuat di hadapan Ir. Nanette Cahyanie Handari Adi Warsito S.H. dalam rangka menyesuaikan Anggaran Dasar Perusahaan terhadap Peraturan Otoritas Jasa Keuangan No 32/POJK.04/2014 dan No. 33/POJK.04/2014 Perubahan Anggaran Dasar tersebut telah diterima dan dicatat dalam Sistem Administras! Badan Hukum di Kementerian Hukum dan Hak Asasi Manusia, sebagaimana dinyatakan dalam ‘Surat Penerimaan Pemberitahuan Perubahan Anggaran Dasar PT Matahari Department Store Thk No. AHU-AH.01,03-0952701 tanggal 29 Juli 2015, dan telah ‘didaftarkan dalam Daftar Perseroan No, AHU-3635349,AH.01.11 tanggal 29 Juli 2015. Selain itu, perubahan susunan Direksi_ dan Dewan Komisaris Perusahaan termasuk di dalam Akta No. 58 tanggal 26 Juni 2015 yang dibuat di hadapan Ir. Nanette Cahyanie Handari Adi Warsito S.H.. Perubahan tersebut telah diterima oleh Kementerian Hukum an Hak Asasi Manusia Republik Indonesia sebagaimana dinyatakan dalam Surat Penerimaan Pemberitahuan Perubahan Data Perseroan PT Matahari Department Store Tbk No, AHU-AH.01,03-0848543 tanggal 6 Juli 2015, dan telah didaftarkan dalam Daftar Perseroan No. AHU-3529239 tanggal 6 Juli 2015. ‘Sehubungan dengan adanya perubahan struktur emegang saham Perusahaan pada bulan Februari 2016, Perusahaan melakukan perubahan status Perusahaan dari penanaman modal asing (PMA) menjadi penanaman modal dalam negeri (PMDN) yang telah disetujui oleh Badan Koordinasi Penanaman Model (‘BKPM’) berdasarkan Surat Keputusan Kepala BKPM No, 427/1/IPIPMON/2015 tanggal 15 Juli 2015 tentang Izin Prinsip Penanaman Modal Dalam Negeri Kantor pusat operasional Perusahaan berlokasi di Menara Matahari Lantai 15, JJ. Bulevar Palem Raya No. 7, Lippo Karawaci- Tangerang, Banten dan memiliki gerai-gerai yang tersebar di kota- kota besar di Indonesia. Pada tanggal 30 September 2015, Perusahaan mengoperasikan 140 gerai (31 Desember 2014: 131 gerai) Perhitungan 140 gerai tersebut tidak termasuk King Plaza Bandung yang ditutup sementare akibat kebakaran, NOTES TO THE INTERIM FINANCIAL STATEMENTS 30 SEPTEMBER 2015, 2014 AND 31 DECEMBER 2014 (Expressed in millions of Rupiah, unless otherwise stated) GENERAL (continued) The latest amendment to the Article of Association was by Notarial Deed No. 22 dated 7 July 2015 of ir. Nanette Cahyanie Handari Adi Warsito S.H., {0 conform the Company's Article of Association with the Otoritas Jasa Kevangan Regulation No. 32/POJK.04/2014 and No. 33/PO.JK,04/2014. This change was received and registered in Legal Entity Administration System of the Minister of Law and Human Rights of tho Republic of Indonesia, as stated in the Receipt of Notification for the Company's Article of Association Change No. AHU-AHH.01.03-0952701 dated 29 July 2015, and it was registered in the Company's ragister No, AHU-3535349.AH.01.11 dated 29 July 2015. In addition, changes in the composition of Board of Directors and Board of Commissioners of the Company was incorporated in Notarial Deed No. 58 dated 26 June 2016 of ir. Nanette Cahyanie Handari Adi Warsito S.H..This amendment was received by the Minister of Law and Human Rights of the Republic of Indonesia as stated in the Receipt of Notification for the Company's Data Change No. AHU-AH.01.03-0948543 dated 6 July 2015 which was registered in the Company's register No. ‘AHU-3529239 dated 6 July 2015. In relation to the changes of the Company's shareholder structure in February 2015, the Company changed its status from foreign investment (PMA) to domestic investment (PMDN) which has been approved by the Investment Coordinating Board ("BKPM’) based on Head of BKPM Decision Letter No. 1271PIPMDN/2015 dated 15 July 2015 regarding Principle License of | Domestic Investment. ‘The Company's operational head office is located in Menara Matahari 15" Floor, JI. Bulevar Palem Raya No. 7, Lippo Karawaci - Tangerang, Banten, and the stores are located in cities throughout Indonesia. As at 30 September 2016, the Company operates 140 stores (31 December 2014: 131 stores). The 140 store count excludes King Plaza Bandung which was temporarily closed due to fire.PT MATAHARI DEPARTMI ENT STORE Tbk Halaman 9 Page CATATAN ATAS LAPORAN KEUANGAN INTERIM 30 SEPTEMBER 2015, 2014 DAN 31 DESEMBER 2014 (Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) UMUM (lanjutan) Keglatan Perusahaan yang mempengaruhi efek yang diterbitkan sejak tanggal penawaran umum erdana sampai dengan tanggal 30 September 2018 adalah sebagai berikut; ——ndiakanvctlon —___ Penawaran umum perdana saham seri A dengan nila ridminal Rp 1.000 (nla peruhy’ Initial public offering of type A shares with par value ‘of Rp 1,000 (tl amount) Pencatatan tambahan saham seri A dengan nial nominal Rp 1,000 (nai penuh! Adlionsl registration of type A shares with par value ‘of Rp 1,000 (fil amount) NOTES TO THE INTERIM FINANCIAL STATEMENTS 30 SEPTEMBER 2015, 2014 ‘AND 31 DECEMBER 2014 (Expressed in milfons of Rupiah, unless otherwise stated) GENERAL (continued) The Company's corporate actions that affect the number of shares issued from the date of its initial public offering up to 30 September 2015 are as follows: Pembagian saham bonus seri A dengan nial nominal Rp 1.000 (ollai penuh) dengan ketentuan seta pemegang ima (5) Saham lama bertiak memperoleh satu (1) sham bonus! Bonus stock of fype A shares with par value of Rp 1,000 (ful ammount) with requisite of one (1) new share for ‘every five (5) existing shares held Pembagian saham bonus seri A dengan nila nominal Rp 1.000 (olla penuh) dengan ketentuan setiap pemegang satu (1) saham lama berhak memperoieh dua (2) saham bonus! Bonus stock of type A shares with par value of Rp 1,000 (ful amount) with requiso of two 2) new shares for evary ono (1) existing share hold Pemibagian cviden saham seri A dengan Ketentuan setiap pemegang ima (6) lembar saham lama bernak memperoleh satu (1) divden sahamy ‘Stock ividend of type A shares with requisite of ono (1) new share for every fo (8) existing shares hold Pencatatan tambahan ¢aham seri A dengan nial nominal Rp 1.000 (nai penuh) ‘Addlionsl registration of type A shares with par value of Rp 1,000 (ull amount) Penggabungan jumish saham seri A melalui peningkatan nial Romina ser A dari Rp 1.000 (nial panuh) menjadi Rp 6.000, (cla: penuh Reverse stock spit of type A shares by increasing par value from Rp 1,000 (ull amount) to Rp 6,000 (ul amount) Jumiah saham seri A per 30 September 2015) Total ype A sharos as al 30 September 2015 Tambahan ssham boredar ‘etelah traneaksi Adaitional ‘shares lesued after the —TahunlYear____transaction _ 1989 2,140,000 1900 2,250,000 1980 878,000 1992 10,536,000 1998 3,160,800 1997 11,880,000 Oktober! October 2008 24.875.840) 5.168.080PT MATAHARI DEPARTMENT STORE Tbk Halaman 10 Page CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE INTERIM FINANCIAL INTERIM 30 SEPTEMBER 2015, 2014 STATEMENTS 30 SEPTEMBER 2015, 2014 DAN 31 DESEMBER 2014 AND 31 DECEMBER 2014 (Dinyatakan dalam jutaan Rupiah, (Expressed in milfons of Rupiah, kecuall dinyatakan lain) unless otherwise stated) [UMUM (lanjutan) 4. GENERAL (continued) Tambahan ssaham beredar setelah transaksi! Additional ‘shares issued after the TindakanvAction TahuniYear transaction Penerbitan saham ser 8 dengan nial nominal Rp 70 (sla penuh) dengan ketentuan setiap pemegang 42 saham seri ‘A beriak memperoleh satu (1) lembar sahiam seri 8 (Penawaran Umum Terbatas (PUT) 1) Issuance of ype & shares with par value Rp 70 (ul amount) with requisite of one (1) type 8 share for every 42 sultsly typo A shares (Limited Publ Offering (LPO? |) 2001 Penggabungan jumiah saham ser B melalui peningkatan nila nominal ser/B dari Rp 70 (ale penuh) menjaci Rp 350 (ila penny Oktober! Reverse stock sp of type B shares by increasing October par value from Rp 70 (fll amount) fo Rp 350 (Ful amount) 2009) Jumiah saham seri B per 30 September 2015! Total type 8 shares as at 30 September 2015 Penerbitan saham seri C dengan nial nominal Rp 100 {nila penuh) (PUT Ih Oktober! Issuance of type C shares with par value of Rp 100 October (all amount) (LPO 1) 2008 Jumiah saham seri C per 30 September 2015) Tolal type C shares as at 30 September 2015 1,295,481,600 —1.096.985.280) 259,096,520 —2.652.652.000 _—2.882,652,800PT MATAHARI DEPARTMENT STORE Tbk Halaman 11 Page CATATAN ATAS LAPORAN KEUANGAN INTERIM 30 SEPTEMBER 2015, 2014 DAN 31 DESEMBER 2014 (Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) UMUM (lanjutan) ‘Susunan Dewan Komisaris dan Dewan Direksi Perusahaan adalah sebagai berikut: 30 Soptomber! September 2015, Dewan Komisaris Presiden Komisais. John Bettis Independen Komisaris Jonathan L. Parapak Independen Herbert Stepie Komisaris Sigh Presetya Henry Jani Lisndo William Travie Saucer John Riady Niel Byron Nielson Dewan Direke! Presiden Bunjamin J. Mailoot Direktur ‘Wokil Presiden Larry Michee! Remsen Drektur Direktur Andy N. Purwohardono Direktur Tidak Terafliasv Independen ‘Andre Rumantir Susunan Komite Audit Perusahaan adalah sebagai berikut: 30 Septombor! September 2015 Ketua John Bells Anggota Independen Isnandar Rachmat All Farid Harianto NOTES TO THE INTERIM FINANCIAL STATEMENTS 30 SEPTEMBER 2015, 2014 ‘AND 31 DECEMBER 2014 (Expressed in milions of Rupiah, unless otherwise stated) GENERAL (continued) The compositions of the Company's Board of ‘Commissioners and Board of Directors were as follows: 31 Desember! December 2014 Board of Commissioners John Bells Independent President ‘Commissioner Jonathan L. Parapak Independent Commissioners SigitPresetya Commissioners Honry Jani Liando ‘Wiliam Travis Saucer Board of Directors Bunjamin J. Mailoo! President Director Lary Michael Remsen Vice President Director ‘Andy N. Punwohardono Dirwctor ‘Wai Hoong Fock ‘Andre Rumantic Non-Affitated/ Independent Director The compositions of the Company's Audit Committee were as follows: 31 Desember! December 2014 John Betis halaman Prawiro Widlaja Independent Membors Isnandar Rachmat AlPT MATAHARI DEPARTMENT STORE Tbk Halaman 12 Page CATATAN ATAS LAPORAN KEUANGAN INTERIM 30 SEPTEMBER 2015, 2014 DAN 31 DESEMBER 2014 (Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) 2 IKHTISAR KEBIJAKAN AKUNTANSI PENTING Laporan_kevangan Perusahaan disusun oleh Dewan Direksi dan diselesaikan pada tanggal 27 Oktober 2015, Laporan keuangan telah disusun sesuai dengan ‘Standar Akuntansi Keuangan ai indonesia. Berikut ini adalah ikhtisar Kebijakan akuntansi enting yang diterapkan dalam penyusunan faporan Keuangan Perusahaan yang sesuai dengan Standar Akuntansi Keuangan di Indonesia dan peraturan yang ditetapkan oleh Badan Pengawas Pasar Modal dan Lembaga Keuangan Indonesia (BAPEPAM-LK) (sekarang menjadi Otoritas Jasa Keuangan atau OJK) No, VIIIG.7 dan Keputusan No. KEP- 347/BLI2012 tentang —Penyajian dan Pengungkapan Laporan Keuangan Emiten atau Perusahaan Publik, a. Dasar penyusunan laporan keuangan Laporan keuangan disusun berdasarkan konsep harga perolehan yang dimodifikasi dengan aset dan liablitas keuangan (termasuk instrumen derivatf) pada nilai wajar melalui laba rugi, dan menggunakan dasar akrual, kecuali untuk laporan arus kas, Laporan arus kas disusun menggunakan metode langsung dengan mengelompokkan arus kas atas dasar kegiatan operasi, investasi dan pendanaan. Estimasi akuntansi yang signifikan yang diterapkan dalam —penyusunan — laporan keuangan Perusahaan diungkapkan pada Catatan 3, ‘Angka di dalam laporan keuangan dibulatkan dan dinyatakan dalam jutaan Rupiah kecuali dinyatakan lain, 2 NOTES TO THE INTERIM FINANCIAL STATEMENTS 30 SEPTEMBER 2015, 2014 AND 31 DECEMBER 2014 (Expressed in millions of Rupiah, unless otherwise stated) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The Company's financial statements were prepared by the Board of Directors and completed on 27 October 2015, The financial statements have been prepared in accordance with the Indonesian Financial Accounting Standards. Presontod below is the summary of the significant accounting policies adopted for the preparation of the financial statements of the Company, which conform to the Indonesian Financial’ Accounting Standards and the regulations imposed by the Indonesian Capital ‘Market and Financial Institution Supervisory Agency (BAPEPAM-LK) (currently Otonitas Jasa ‘Keuangan or OJK) No, Vil,G.7 and Decree No. KEP-347/8L/2012 regarding the Financial Statements Presentation and Disclosure for Public Company. a. Basis of preparation of the statements financial The financial statements have been prepared on the historical cost concept as modified by the financial assets and financial liabilities (including derivative instruments) at fair value through profit or loss, and using the accrual basis, except for the statements of cash flows. The statements of cash flows were prepared using the direct method by classifying cash flows on the basis of operating, investing and financing activities. Significant accounting estimate applied in the reparation of these financial statements are disciosed in Note 3. Figures in the financial statements are rounded to and expressed in millions of Rupiah unless otherwise stated.PT MATAHARI DEPARTMENT STORE Tbk Halaman 13 Page CATATAN ATAS LAPORAN KEUANGAN INTERIM 30 SEPTEMBER 2015, 2014 DAN 31 DESEMBER 2014 (Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) NOTES TO THE INTERIM FINANCIAL STATEMENTS 30 SEPTEMBER 2015, 2014 ‘AND 31 DECEMBER 2014 (Expressed in millions of Rupiah, unless otherwise stated) 2. IKHTISAR KEBIJAKAN AKUNTANS! PENTING 2. SUMMARY OF SIGNIFICANT ACCOUNTING (anjutan) Dasar penyusunan laporan keuangan (anjuten) Porubahan pada _pernyataan standar akuntansi keuangan dan _interpretasi pernyataan standar akuntansi keuangan Pada tanggal 1 Januari 2015, Perusahaan ‘menerapkan pernyataan standar akuntansi keuangan (‘PSAK") dan interpretasi standar ‘akuntansi Keuangan("ISAK") baru dan revisi yang efektif sejak tanggal__tersebut, Perubahan kebijakan akuntansi Perusahaan telah dibuat seperti yang disyaratkan, sesuai dengan ketentuan transisi dalam masing- ‘masing standar dan interpretas’ Penerapan standar revisi, yang relevan dengan operasi'_-- Perusahaan dan memberkan dampak pada —_laporan keuangan, adalah sebagai berikut PSAK 1 (Revisi 2013), “Penyajian Laporan Keuangan” Perubahan terhadap PSAK 1, ‘Penyajian laporan —keuangan’ »—_mensyaratkan pengelompokkan pos-pos yang disajikan sebagai pendapatan komprehensif lain berdasarkan apakah pos-pos tersebut akan direklasifikasi lebih lanjut ke laporan laba rugi PSAK 24 (Revisi 2013), “Imbalan kerja” Penerapan PSAK 24 (Revisi 2013), "Imbalan kerja’ mengakibatkan perubahan kebijakan akuntansi Perusahaan sebagai berikut: 4. Keuntungan dan kerugian aktuarial atas imbalan pensiun diakui_— sebagai pendapatan komprehensif lain. POLICIES (continued) a. Basis of preparation of the financial ‘statements (continued) Changes to the statement of financial accounting standards and interpretations of statement of financial accounting standards On 14 January 2015, the Company adopted new and revised statements of financial accounting standards ("SFAS’) and interpretations of statements of financial accounting standards ("ISFAS') that are ‘mandatory for application from that date. Changes to the Company's accounting policies have been made as required, in accordance with the transitional provisions in the respective standards and interpretations. The adoption of the following revised standard which is relevant to the Company's operations and resulted in an effect on the financial statements is as folow: SFAS 1 (Revised 2013), “Financial ‘Statement Presentation” Amendment to SFAS 1, ‘Financial statement presentation" requires the grouping of items presented in other comprehensive income on the basis of whether they will be reclassified {0 profit or loss. SFAS 24 (Revised 2013), “Employee benefits” The adoption of SFAS 24 (Revised 2013),"Employee benefits" resulted (0 changes in the Company's accounting policies as follows: 1. Actuarial gains and losses on retirement benefits are recognised in other comprehensive income,PT MATAHARI DEPARTMENT STORE Tbk Halaman 14 Page CATATAN ATAS LAPORAN KEUANGAN INTERIM 30 SEPTEMBER 2015, 2014 DAN 31 DESEMBER 2014 (Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) NOTES TO THE INTERIM FINANCIAL STATEMENTS 30 SEPTEMBER 2015, 2014 AND 31 DECEMBER 2014 (Expressed in millions of Rupiah, unless otherwise stated) 2. IKHTISAR KEBIJAKAN AKUNTANSI PENTING 2. SUMMARY OF SIGNIFICANT ACCOUNTING (lanjutan) Dasar_penyusunan (anjutan) laporan keuangan Perubahan pada pernyataan standar akuntansi keuangan dan _interpretasi pernyataan standar akuntansi keuangan (anjutan) PSAK 24 (Revisi 2013), “Imbalan kerja” (anjutan) 2. Seluruh biaya jasa lalu diakui langsung di laporan laba rugi. Sebelumnya, biaya jasa_lalu diakui berdasarkan metode garis lurus sepanjang periode vesting jka perubahan bersifat_ kondisional terhadap sisa jasa pekerja untuk periode waktu tertentu (periode vesting). 3. Revisi standar ini juga _mensyaratkan engungkapan yang lebih ekstensif Pengungkapan tersebut telah diterapkan di Catatan 19. Lihat Catatan 29 untuk dampak dari revisi stander pada laporen keuangan PSAK 60 (Revisi 2014), Keuangan: Pengungkapan” "instrumen Perubahan tethadap PSAK 60, “Instrumen keuangan: Pengungkaper’, mensyaratkan antara_ lain pengungkapan_saling hapus tambahan untuk mengevaluasi dampak atau potensi dampak perjanjian neto, termasuk hak untuk saling hapus yang terkalt dengan aset keuangan dan liabilitas keuangan yang diakui_ pada _laporan posisi_keuangan Perusahaan. Pengungkapan saling hapus diungkapkan pada Catatan 27. Penerapan dari standar baru/revisi standar yang relevan berikut, tidak menimbulkan Perubahan substansial terhadap kebijakan akuntansi Perusahaan dan efek atas jumiah yang dilaporkan atas periode berjalan atau periode sebelumnya = PSAK 46 (revisi 2014) “Pajak penghasilan" ~ PSAK 48 (revisi 2014) “Penurunan nilai asset” - PSAK 50 (revisi_ 2014) “Instrumen keuangan: penyajian" - PSAK 55. (revisi_ 2014) “Instrumen keuangan: pengakuan dan pengukuran’ POLICIES (continued) a Basis of preparation of the statements (continued) financial Changes to the statement of financial accounting standards and interpretations of statement of financial accounting ‘standards (continued) SFAS 24 (Revised 2013), benefits” (continued) “Employee 2. All past service costs are recognised immediately in profit or loss. Previously, past service costs were recognised on a straight lino basis over the vesting poriod if the changes were conditional on the ‘employees remaining in service for a specified period of time (the vesting period). 3. The revised standard also requires more extensive disclosures. These have been provided in Note 19. See Note 29 for the impact of the revised standard on the financial statements. SFAS 60 (Revised Instruments: Disclosures” 14), “Financial Amendment to SFAS 60, “Financial instruments: Disclosures’, requires amongst others additional offsetting disclosures to evaluate the effect or the potential effects of netting arrangements, including rights of setoff associated with financial assets and recognised financial liabilities, on the Company's statements of financial position. The offsetting disclosures are disclosed in Note 27. The adoption of these relevant new/ovisod standards did not result. in substantial changes to the Company's accounting policies and had no material effect on tho amounts reported for the cument or prior financial periods: ~ SFAS 46 (revised 2014) “Income tax" ~ SFAS 48 (revised 2014) “Impairment of asset” - SFAS 50 (revised 2014) “Financial instrument: presentation” = SFAS 55. (revised 2014) ‘Financial instrument recognition and measurement”PT MATAHARI DEPARTMENT STORE Tbk Halaman 15 Page NOTES TO THE INTERIM FINANCIAL STATEMENTS 30 SEPTEMBER 2015, 2014 AND 31 DECEMBER 2014 (Expressed in milions of Rupiah, unless otherwise stated) CATATAN ATAS LAPORAN KEUANGAN INTERIM 30 SEPTEMBER 2015, 2014 DAN 31 DESEMBER 2014 (Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan iain) 2. IKHTISAR KEBIJAKAN AKUNTANS! PENTING 2. SUMMARY OF SIGNIFICANT ACCOUNTING (lanjutan) Dasar penyusunan laporan keuangan (anjutan) Perubahan pada pernyataan standar akuntansi_ keuangan dan _interpretasi pernyataan standar akuntansi keuangan (anjutan) ~ PSAK 68 “Pengukuran nilal wajar” b. Penjabaran mata uang asing Laporan keuangan disajkan dalam Rupiah yang merupakan mata uang fungsional dan penyajian Perusahaan, Transaksi dalam mata uang asing dijabarkan ke dalam mata uang Rupiah dengan menggunakan Kurs yang berlaku pada tanggal transaksi Aset dan liabilitas moneter dalam mata uang asing dijabarkan ke dalam mata uang Rupiah dengan menggunakan kurs yang beriaku pada tanggal laporan posisi keuangan. Keuntungan dan kerugian selisih kurs yang timbul dari penyelesaian transaksi dalam mata uang asing dan dari penjabaran aset dan liabilitas moneter dalam mata uang asing diakui di dalam laporan laba rugi c. Transaksi dengan pihak-pihak berelasi Perusahaan mempunyai transaksi dengan pihak-pihak berelasi. Definisi _pihak-pihak berelasi yang dipakai adalah definisi yang diatur dalam PSAKNo. 7 (Revisi 2010) “Pengungkapan Pihak-pihak Berelasi* d,_Instrumen keuangan disalinghapus ‘Aset_keuangan dan liablitas _keuangan disalinghapus dan jumiah netonya dilaporkan pada laporan posisi_keuangan _ketika terdapat hak yang berkekuatan hukum untuk melakukan saling hapus atas jumlah yang telah diakui tersebut dan adanya niat untuk menyelesaikan secara_neto, atau untuk merealisasikan eset dan menyelesaikan liabltas secara bersamaan, POLICIES (continued) ‘a. Basis of preparation of the financial ‘statements (continued) Changes to the statement of financial accounting standards and interpretations of statement of financial accounting standards (continued) - SFAS 68 ‘Fair value measurement" b. Foreign currency translation The financial statements are presented in Rupiah, which is the functional and presentation currency of the Company. Foreign currency transactions are translated info Rupiah using the exchange rates rovailing at the dates of the transactions. Foreign currency monetary assets and liabilities are translated into Rupiah at the rates of exchange prevailing at the statements of financial position date. Foreign exchange gains and losses resulting from the settlement of foreign currency transactions and from the translation of monetary assets and liabilities denominated in foreign currency are recognised in the statements of profit or oss. Related parties transactions The Company has transactions with related patties. The definition of related parties used is in accordance with SFAS No. 7 (Revised 2010) "Related Party Disclosures’ d. Offsetting financial instruments Financial assets and liabilities are offset and the net amount is reported in the statements Of financial position when there is a legally enforceable right to offset the recognised amounts and there is an intention to sottie on a net basis, or realise the asset and settle the liability simutaneously.PT MATAHARI DEPARTMENT STORE Tbk Halaman 16 Page CATATAN ATAS LAPORAN KEUANGAN INTERIM 30 SEPTEMBER 2015, 2014 DAN 31 DESEMBER 2014 (Dinyatakan dalam jutaan Rupiah, kecuall dinyatakan lain) NOTES TO THE INTERIM FINANCIAL STATEMENTS 30 SEPTEMBER 2015, 2014 AND 31 DECEMBER 2014 (Expressed in milions of Rupiah, unless otherwise stated) 2. IKHTISAR KEBIJAKAN AKUNTANS! PENTING 2. SUMMARY OF SIGNIFICANT ACCOUNTING (anjutan) Kas dan setara kas Kas dan setara kas mencakup kas, simpanan pada bank yang sewaktu-waktu dapat dicairkan dan investasi likuid jangka pendek lainnya dengan jangka waktu jatuh tempo tiga bulan atau kurang. Kas dan setara kas yang dibatasi penggunaannya, disajikan dalam laporan posisi keuangan sebagai "kas dan setara kas yang dibatasi penggunaannya" pada aset tidak lancar. Piutang usaha dan plutang lain-lain Piutang usaha dan piutang lain-lain pada awalnya diakui sebesar nial wajar dan selanjutnya diukur pada biaya perolehan diamortisasi dengan menggunakan metode bunga efektif, kecuali efek diskontonya tidak material, setelah dikurangi provisi untuk penurunan nilal piutang, Provisi untuk penurunan _nilai_piutang dibentuk pada saat terdapat bukti obyektif bahwa saldo piutang tidak dapat ditagin, Piutang ragu-ragu dihapuskan pada saat piutang tersebut tidak tertagih. Porsediaan Persediaan dinyatakan pada nilai yang lebit rendah antara harga perolehan atau nilai realisasi bersin. Harga perolehan ditentukan dengan menggunakan metode eceran. Nilai realisasi bersih adalah estimasi harga penjualan dalam kegiatan usaha normal dikurangi estimasi beban penjualan. Persediaan Perusahaan persediaan konsinyasi tidak —termasuk Risiko kehilangan persediaan ditentukan berdasarken estimasi dari pengalaman sebelumnya dan disesualkan kembali pada tanggal perhitungan fisik persediaan, Beban kehilangan persediaan dicatat sebagai beban pokok pendapatan pada periode berjalen. POLICIES (continued) @ Cash and cash equivalents Cash and cash equivalents include cash on hand, deposits held at call with banks and ‘other short-term highly liquid investments with original maturities. of three months or less. Cash and cash equivalents which are restricted in use, are presented in the ‘statement of financial position as “restricted cash and cash equivalents" in the non- current assets, f. Trade and other receivables Trade and other receivables are recognised initiaily at fair value and subsequently measured at amortised cost using the effective interest method, except where the effect of discounting would be immaterial, less provision for receivable impairment. Provision for receivable impairment is established when there is objective evidence that the outstanding amounts will not be collected. Doubtful accounts are written-off during the period in which they are determined to be not collectible. g. Inventories Inventories are stated at the lower of cost or not realisable value. Cost is determined using the retail method. Not realisable value is the estimate of the solling price in the ordinary course of business, less the estimated selling ‘expenses, The Company's inventories exclude consignment stocks. Risk from inventory loss was estimated based on past experience and adjusted after a physical count of inventories. Cost from inventory loss was recorded as a current period cost of revenue.PT MATAHARI DEPARTMENT STORE Tbk Halaman 17 Page CATATAN ATAS LAPORAN KEUANGAN INTERIM 30 SEPTEMBER 2015, 2014 DAN 31 DESEMBER 2014 (Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) 2. IKHTISAR KEBIJAKAN AKUNTANS! PENTING 2. (anjutan) h Beban dibayar dimuka Beban dibayar dimuka diamortisasi dengan menggunakan metode garis lurus selama periode manfaat yang diharapkan, ‘Sewa operasi Sewa yang risiko dan _—_-manfaat kepemilikannya ada di pihak yang menyewakan diperlakukan sebagai transaksi sewa-menyewa biasa (operating leases). Pembayaran sewa-menyewa biasa dicatat sebagai beban berdasarkan metode alokasi yang mencerminkan pola waktu dari manfaat yang dinikmati Perusahaan, Aset tetap AAset tetap diakui sebeser harga perolehan cikurangi dengan akumulasi -penyusutan. Hargaperolehan—mencakup semua pengeluaran yang terkait secara langsung dengan perolehan aset tetap tersebut. Penyusutan set’ © tetap_——_untuk mengalokasikan biaya perolehan hingga mencapai nilai sisa sepanjang estimasi masa manfaatnya sebagai berikut: Metode/Method Garis lurus/ Renovasi bangunan Straight-line Saldo-menurun ganda/ Peralatan dan instalasi Double declining Saldo-menurun ganda/ Kendaraan Double declining Nita residu dan masa manfaat aset ditelaah, dan jika perlu disesualkan, pada setiap tanggal laporan posisi keuangan. Biaya-biaya setelah pengakuan awal aset diakui sebagai bagian dari nia tercatat aset atau sebagai set yang terpisah, sebagaimana mestinya, hanya apabila kemungkinan besar Perusahaan akan mendapatken manfaat ekonomis masa depan berkenaan dengan aset tersebut dan biaya perolehan aset dapat diukur dengan anda. Nilai tercatat komponen yang diganti tidak lagi diakui NOTES TO THE INTERIM FINANCIAL STATEMENTS 30 SEPTEMBER 2015, 2014 AND 31 DECEMBER 2014 (Expressed in milions of Rupiah, unless otherwise stated) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) h. Prepaid expenses Prepaid expenses are amortised using the straight-line method over the period of expected benefil. 1. Operating leases Leases under which all the risks and benefits of ownership are effectively retained by the lessor are classified as operating leases. Operating lease payments are recorded as an expense based on an allocation method that reflects the time patter of benefits enjoyed by the Company. Fixed assets Fixed assets are stated at cost less accumulated depreciation. Cost includes expenditures that are directly attributable to the acquisition of the asset. Depreciation on fixed assets is calculated to allocate their cost fo their residual values over their estimated useful lives, as follows: Tahun/Years 5 Building renovation 8-14 Equipment and installation 4 Vehictos The assots' residual values and useful lives are reviewed, and adjusted if appropriate, at each statements of financial position date. ‘Subsequent costs are included in the asset's carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the asset wil flow to the Company and the cost of the item can be ‘measured reliably. The carrying amount of the replaced part is derecognised.PT MATAHARI DEPARTMENT STORE Tbk Halaman 18 Page CATATAN ATAS LAPORAN KEUANGAN INTERIM 30 SEPTEMBER 2015, 2014 DAN 31 DESEMBER 2014 (Dinyatakan dalam jutaan Rupiah, kecuali dinyatekan lain) NOTES TO THE INTERIM FINANCIAL STATEMENTS 30 SEPTEMBER 2015, 2014 ‘AND 31 DECEMBER 2014 (Expressed in milions of Rupiah, unless otherwise stated) 2. IKHTISAR KEBIJAKAN AKUNTANSI PENTING 2. SUMMARY OF SIGNIFICANT ACCOUNTING (anjutan) j.Aset tetap (lanjutan) ‘Semua perbalkan dan pemelinaraan lainnya dibebankan ke dalam laporan laba rugi selama petiode dimana perbaikan dan pemelinaraan tersebut terjadi Apabila aset tetap dilepas, maka nilai tercatat dan akumulasi penyusutannya dikeluarkan dati laporan keuangan dan keuntungan atau kerugian yang dihasilkan atas pelepasan set tetap diakui dalam laporan laba rugi ‘set dalam pembangunan _dinyatakan sebesar biaya perolehan dan disajikan sebagai bagian dari aset tetap. Akumulasi biaya perolehan akan ipindahkan ke masing-masing akun set’ tetap yang bersangkutan pada saat aset_ tersebut selesai dikerjakan dan slap digunakan, Penyusutan mulai dibebankan pada saat set tersebut siap digunakan, k. Penurunan nilai aset tetap dan aset tidak ancar lainnya Aset tetap dan aset tidak lancar lainnya ditelaah untuk mengetahui apakah telah tejadi penurunan nilai bilamana terdapat kejadian ateu perubahan keadaan yang mengindlkasikan bahwa nilal tercatat aset tersebut tidak dapat diperoleh kemball Kerugian akibat penurunan nial diakui sebesar selisih antara nilai tercatat aset dengan nilai yang dapat diperoleh kembali dari aset tersebut. Nilai yang dapat diperoleh kembali adalah nilai yang lebih tinggi antara rilai wajar dikurangi beban penjualan dengan nilai pakai aset. Dalam rangka mengukur penurunan nilai, aset dikelompokkan hingga unit terkecil yang menghasilkan arus kas terpisah, 1 Utang usaha Utang usaha adalah kewajiben membayar barang atau jasa yang telah diterima dalam kegiatan usaha normal dari pemasok. POLICIES (continued) Fixed assets (continued) All other repairs and maintenance are ‘charged to statements of profit or loss during the “financial period in which they are incurred. When fixed assets are disposed of, their carrying values and the related accumulated depreciation are eliminated from the financial statements and the resulting gain or loss on the disposal of fixed assets is recognised in the statements of profit or loss. Assets under construction are stated at historical cost and presented as part of fixed assets. The accumulated costs will be reclassified to the appropriate fixed assets account when construction is completed and the asset is ready for its intended use. Depreciation is charged from the date when the assets are ready for use. k. Impairment of fixed assets and other non- current assets Fixed assets and other non-current assets are reviewed for impairment whenever events or changes in circumstances indicate that the camying amount may not be recoverable, An impairment loss is recognised for the amount by which the canying amount of the asset exceeds its recoverable amount. The recoverable amount is the higher of an asset's fair value less cost fo sell and value in use. For the purposes of assessing impairment, assets are grouped al the lowest levels for which there are separately identifiable cash flows. 1. Trade payables Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.PT MATAHARI DEPARTMENT STORE Tbk Halaman 19 Page NOTES TO THE INTERIM FINANCIAL STATEMENTS 30 SEPTEMBER 2015, 2014 AND 31 DECEMBER 2014 (Expressed in milions of Rupiah, unless otherwise stated) CATATAN ATAS LAPORAN KEUANGAN INTERIM 30 SEPTEMBER 2015, 2014 DAN 31 DESEMBER 2014 (Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) IKHTISAR KEBIJAKAN AKUNTANSI PENTING 2. SUMMARY OF SIGNIFICANT ACCOUNTING (anjutan) L Utang usaha (lanjuten) Utang usaha —diklasifikasikan sebagai liabilitas jangka pendek jika pembayarannya jatuh tempo dalam waktu satu tahun atau kurang (atau dalam siklus operasi normal, jika lebih lama). Jika tidak, utang tersebut disajkan sebagai liabilitas jangka panjang Utang usaha pada awalnya diakui sebesar nilai wajar dan selanjutnya diukur pada biaya, perolehan diamortisasi dengan menggunakan metode suku bunga efektif, kecuall ka efek diskontonya tidak material m, Provisi Provisi diakui_apabila_ Perusahaan mempunyai kewaliban kini (baik bersifat hukum maupun konstrukti) sebagal akibat peristiwa masa lalu dan besar kemungkinan Penyelesaian —kewajiban _tersebut mengakibatkan arus keluar sumber daya dan kewajiban tersebut dapat diestimasi dengan andal, n. Penghasilan tangguhan Penghasilan tangguhan terdiri dari akrual poin loyalitas dikalikan dengan estimasi tingkat pertukaran konversi dan poin loyalitas yang sudah ditukarkan dengan kupon belanje tetapi belum digunakan, Penghasilan tangguhan diakui sebagai liabilitas dalam laporan posisi keuangan dan dikreditkan ke laporan laba rugi berdasarkan estimasi tingkat pertukaran konversi atas poin dan enggunaan kupon tersebut. ©. Pinjaman Pada saat pengakuan awal, pinjaman diakui sebesar nilai wajar, dikurangi dengan biaya- biaya transaksi yang terjadi. Selanjutnya, pinjaman diukur pada biaya perolehan diamortisasi dengan menggunakan metode suku bunga efektit. Pinjaman ciklasifikasikan sebagai liabiitas jangka panjang kecuali yang akan jatuh tempo dalam waktu 12 bulan setelah tanggal laporan posisi keuangan, POLICIES (continued) 1. Trade payables (continued) Trade payables are classified as current liabilities if payment is due within one year or less (or in the normal operating cycle of the business if longer). if not, they are presented ‘as non-current liabilities. Trade payables are initially measured at fair value and subsequently measured at amortised cost using the effective interest method, except where the effect of discounting would be immaterial. m. Provisions Provisions are recognised when the Company has a present obligation (legal as well as constructive) as a result of past events and when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate of the amount of the obligation can be made. n. Deferred income Deferred income is comprised of the value of accrued loyalty points multiplied by estimated redemption rate and the value of loyalty points exchanged for gift vouchers that have not yet been used. Deferred income is recorded as a liability in the statements of financial position and credited to the statements of profit or loss based on ‘estimated redemption rates of the point and ‘coupon usage. 0. Borrowings Borrowings are initially recognised at fair value, net of transaction costs incurred. Subsequently, borrowings are stated at amortised cost using the effective interest method. Borrowings are classified under non-current abilities unless their maturities are within 12 months after the statements of financial position date.PT MATAHARI DEPARTMENT STORE Tbk Halaman 20 Page CATATAN ATAS LAPORAN KEUANGAN INTERIM 30 SEPTEMBER 2015, 2014 DAN 31 DESEMBER 2014 (Dinyatakan dalam jutaan Rupiah, kecuall dinyatakan lain) NOTES TO THE INTERIM FINANCIAL STATEMENTS 30 SEPTEMBER 2015, 2014 AND 31 DECEMBER 2014 (Expressed in milfons of Rupiah, unless otherwise stated) 2. IKHTISAR KEBIJAKAN AKUNTANSI PENTING 2. SUMMARY OF SIGNIFICANT ACCOUNTING (anjutan) Pinjaman (lanjutan) Beban yang dibayarkan pada saat fasiltas berjangka diterima diakui sebagai biaya transaksi pinjaman berjangka apabila besar kemungkinan bahwa sebagian atau selurun fasiitas akan ditark. Dalam hal ini, beban ditangguhkan sampai_dengan_penarikan terjaci. Sejaun tidak ada bukti bahwa besar kemungkinan beberapa atau semua fasilitas ‘akan ditarik, beban tersebut dikapitalisasi sebagai pembayaran i muka untuk jasa lkuiditas dan diamortisasi selama jangka waktu fasitas tersebut. Imbalan kerja Imbalan kerja jangka pendek Imbalan kerja jangka pendek diakul pada saat terutang kepada karyawan Imbalan kerja jangka pendek termasuk upah, PrBank international Iedonesla Tok ~ PT Bank Mandi (Peesero) Tok © PT Bark UOB indonesia ~ PT Bank Mayapada International Tok = PT Bank Central Asia Tok ~ PT Bank Permeta Tok = PT Bank Rakyat Indonesia Tok = PTBank Negara Iedonesia (Persero) Tok = PT Bank BNP Parbas Indonesia PT Bank Danamon Indonesia Tok 59.924 Doar AS ~ PT Bank CMB Naga Tok 556 659,770 6. PERSEDIAAN 30 September! Soptombeor 2018 Pakaian pra 24857 Pakaian wan 2493814 Produk anak-anak 197.896 Sopatu 187.884 Kosmetk 50.683 Forlongkapan rumah tangga dan pecengkapan mend 22.196 1.003.210 aurange Provis| untuk prsediaan (6.982) 907.928 Pada tanggal 30 September 2015, persediaan Perusahaan telah diasuransikan tethadap risiko kebakaran dan risiko lainnya dengan nil Pertanggungan _sejumlah Rp 1.239.428 (31 Desember 2014: Rp 929.601). Manajemen berkeyakinan bahwa jumlah ini telah memadai untuk menutupi kerugian atas —risiko-risiko tersebut di atas, NOTES TO THE INTERIM FINANCIAL STATEMENTS 30 SEPTEMBER 2015, 2014 AND 31 DECEMBER 2014 (Expressed in milions of Rupiah, unless otherwise stated) 4. CASH AND CASH EQUIVALENTS 31 Desember! December 2014 Cash on hand 88,868 Rupiah Cash in banks Rupiah PT Bank Nationainebu = (Nobu Bank) PT Bank CIMB Niaga Toke - PT Bank international = 212,380 Indonesia Tbk 2.111 PT Bank Mandi (Persero) Tbk ~ ‘8670 'PT Bank UOB Indonesia. ~ 17,343 PT Bank Mayapads International Tbk = 9.559 PT Bank Central Asia Tok ~ 10,553 PT Bank Pormata Tbk ~ 6517 PT Bank Rakyat indonesia Tok ~ PT Bank Negara ~ 10,208 Indonesia (Porsero) Tbk 11009 PT Bank BNP Paribas Indonesia. ~ 40.788 PT Bank Danamon Indonesia Tbk ~ 702314 us Dollar 3581 PT Bank CIMB Niaga Tok ~ 785,695 5. INVENTORIES 31 Desember! December 2016 316940 Menswear 219908 Ledeswear 491723 Citron product 159.812 ‘Shoes 46,755, cosmeties Household appliances 32.264 ‘and toleties 961,118 Less, (5802) Provision for inventory 955.291 As at 30 September 2015, the Company's inventories were insured against losses from fire and other risks for Ro 1,239,428 (31 December 2014: Rp 929,501). In management's opinion, the insurance is adequate to cover losses arising from such risks.PT MATAHARI DEPARTMENT STORE Tbk Halaman 27 Page CATATAN ATAS LAPORAN KEUANGAN INTERIM 30 SEPTEMBER 2015, 2014 DAN 31 DESEMBER 2014 (Dinyatakan dalam jutaan Rupiah, kecuall dinyatakan lain) NOTES TO THE INTERIM FINANCIAL STATEMENTS 30 SEPTEMBER 2015, 2014 AND 31 DECEMBER 2014 (Expressed in millions of Rupiah, unless otherwise stated) PERSEDIAAN (lanjutan) 5. INVENTORIES (continued) Manajemen berkeyekinan bahwa _provisi_ Management believes. that the provision for persediaan cukup memadai untuk menutupi inventory is adequate to cover loss duo to the kemungkinan kerugian Karena penurunan ilai decline in the value of inventories and risk from persediaan dan risiko kehilangan persediaan inventory loss, 6. ASETTETAP 6. FIXED ASSETS ‘aval Ponarbahand—_Rellasfkasi? —Pengurangaw Air a Seana —“Agston_Rscasiication —“Disoosal Ending perlehan ston cos Renoves bangunan 400979 rast ness (20) $38,961 ing renovation Equipment and Perlaten can insta 10806 180504 e007 (920) 1948567 “nlatabon Kenderaan 28 2133 0.568 ences Atel saism Assets under pembengunen sease 05.788, 01.708) 49504 constuction serei0 sant 4210) __1900.800 ‘Akumutasi ‘Accumulated Denyusutan epreciaton ‘enous: bengunan (203.40 (69.256) : 24 (48714) Bung renovation Equbment ad daninsialas (224.980 (ra) : ess gogzat) “talon n “eat (34) (eae ences een aa 173020 zor _.082.705) Nile! buku Bersih 725.984 _n1egn8 Netbook value Penambahen’ —_Reklaifkasi!_ Pengurangand——_Akhie ‘Additon Reclassification “Disposal __endlog Nat pertehan ‘Acquisition cost Renovasbanginan sage 52000 (10.886) 480,57 Bung renovsbon ‘quent ord Petalton con insta 100.182 s2912 8302) 1.110598 “Tnstaravon Kenaeraan 3388 : to) a3 Ventes ‘sot dalem Assets under emarginen 05445 (es.00 30442 constuction sar4008 212 27.18) _1019988 ‘Axumulast Accumuiates onyusutan depreciation Renova bangunan (240340) (e200) 9.888 (293.480) _uitingroovation Equlsment ord Periten dan insta 3934 vea079 11720 ogee) “instataton Kenaeraan ¥ (2480 a5 _“asre) Voniies 588.500) 20.020) on 8 Nit buku besih 88 125th Netbook valuePT MATAHARI DEPARTMENT STORE Tbk Halaman 28 Page CATATAN ATAS LAPORAN KEUANGAN INTERIM 30 SEPTEMBER 2015, 2014 DAN 31 DESEMBER 2014 (Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) 6. ASET TETAP (lanjutan) Perhitungan kerugian penjualan aset tetap adalah sebagai berikut: 30 September! September 2015 Hasii penjualan NNiai buku bersih (Kerugian)/keuntungan penjualan ‘sel tetap Beban penyusutan untuk periode sembilan bulan yang berakhir 30 September 2015 dan 2014 masing-masing sejumish Rp 173.027 dan Rp 188.222, telah dibebankan sebagai beban usaha (likat Catatan 17), Pada tanggal 30 September 2018, jumlah harga perolehan aset tetap yang telah disusutkan penuh dan masih digunakan adalah sebesar Rp 301.212 Pada tanggal 30 September 2015, aset tetap diasuransikan terhadap risiko kerugian akibat kebakaran dan risiko kerugian lainnya dengan i pertanggungan_sebesar Rp 2.368.156 (31 Desember 2014: Rp 1.989.545). Manajemen berkeyakinan bahwa jumiah ini telah memadai untuk menutupi kerugian atas _risiko-risiko tersebut di atas. Manajemen berkeyakinan bahwa tidak terdapat penurunan nilai buku dari aset tetap. Aset dalam pembangunan terdiri atas renovasi bangunan, peralatan dan instalasi, Pada 30 September 2016, persentase penyelesaian rata-rata atas aset dalam pembangunan yang diakui dalam pelaporan keuangan adalah berkisar 30% - 70% dan diperkirakan akan selesai pada tahun 2015 (31 Desember 2014: 20% - 70%). 1,003) 72) NOTES TO THE INTERIM FINANCIAL STATEMENTS 30 SEPTEMBER 2015, 2014 AND 31 DECEMBER 2014 (Expressed in millions of Rupiah, unless otherwise stated) FIXED ASSETS (continued) The calculation of the loss on sale of fixed assets is as follows: 30 September! ‘September 2014 925 Sales proceeds ‘Net book value (Loss)/gain on sale of 153 Tixed assets Depreciation expenses for the nine-month period ended 30 September 2015 and 2014 amounting Rp 173,027 and Ro 168,222 respectively, were charged as operating expenses (see Note 17). As at 30 September 2018, the acquisition costs of fixed assets which have been fully depreciated and are still being used amounting to Rp 901,212 As at 30 September 2015, fixed assets were insured against losses from fire and other risks for Rp 2,368,156 (31 December 2014: Rp 1,989,545). In management's opinion, the insurance is adequate to cover losses arising from such risks. ‘Management believes there was no impairment of fixed assets, Assets under construction comprised building renovation, equipment and instalation, AS at 30 Soptember 2015, the average percentage of ‘completion of the assets under construction recognised for financial reporting ranged from 30% - 70% and is estimsted fo be completed in 2016 (31 December 2014: 20% - 70%).PT MATAHARI DEPARTMENT STORE Tbk Halaman 29 Page CATATAN ATAS LAPORAN KEUANGAN INTERIM 30 SEPTEMBER 2015, 2014 DAN 31 DESEMBER 2014 (Dinyatakan dalam jutaan Rupiah, kecuall dinyatakan lain) NOTES TO THE INTERIM FINANCIAL STATEMENTS 30 SEPTEMBER 2015, 2014 AND 31 DECEMBER 2014 (Expressed in milions of Rupiah, unless otherwise statod) BEBAN DIBAYAR DIMUKA - SEWA 7 30 Soptombor! ‘September 2015 PT Matahari Putra Prima Tok 185,870 PT Nusa Bahana Nioga 30,000 PT Suryane Istana Pasundan 27,493 PT Andromeda Sekt! 23/000 PT Grimulla Perkasa Jaya 23,000 PT Mira Anda Sukses Bersama 22,331 PT Damarndo Perka 20.490 PT Giobal Mansiomen Terpadu 45,000 PT Mulla Gira Abad 15,000 PT Sduijaya Propindo Utara 11317 PT Pandega Citraniaga PT Mula Persada Peri PT Yogya Indah Sejantere PT Indah Pesona Bogor PT Margamas Indah Development PT Palu Graha Sejahtera PT Danadipa Aluwung PT Cahaya Sumbar Raya PT Supermal Karawaci PT Megasurya Nusalestar Lain-lain Bagian Lencar: Uang moka sewa (68,459) Beban dibayar dmuka - sewa (80,343) ‘Sewa jangka panjang 278.053 Sado uang muka sewa dan sewa dibayar dimuka - pihak beretasi pada tanggal 30 September 2015 adalah sebesar Rp 198.473 (\ihat Catatan 220). UTANG USAHA - PIHAK KETIGA 8 30 September! September 2015 Pembelan 489,898 Konsinyasi 508,220 978.116 Utang_usaha pembelian merupakan_tiabilitas kepada para pemasok pihak ketiga dalam rangka pembelian barang dagangan. Utang_usaha_konsinyasi_merupakan_liabiltas yang berasal dari hasil penjualan konsinyasi yang belum disetorkan sampai dengan tanggal laporan posisi Keuangan, Pada tanggal 30 September 2015 dan 31 Desember 2014, seluruh nilai tercatat utang usaha berdenominasi Rupiah dan tidak ada jaminan yang diberikan sehubungan dengan ttang usaha, PREPAID EXPENSES - LEASE 31 Desomber! December 2014 213814 PT Matahari Putra Prima Tok 20,000 PT Nusa Bahane Naga 31,090 PT Suryena Istana Pasundan 15,000 PT Andromeda Sekt! 2 PT Gita Porkaca Jaye 24403 PT Mira Anda Suksos Borsama 13,000 PT Damarindo Perkasa 15000 PT Global Mangjemen Terpadu 7,500 PT Mulia Cra Abad! 3523 PT Srujaya Propindo Utama 3 BT Pandega Craniaga 8.380 PT Mula Persada Porta 8.368 PT Yoaya Indah Sejshtera 7817 PT Indah Pesone Bogor 7148 PT Margamas indah Development 8355, PT Palu Graha Sojahtora 759 PT Danacipa Aluwung 5a? PT Gahaya Sumber Raya 6.283, PT Supermal Kerawoct ~ PT Megasurye Nusslestar 20.661 Others 782,536 Current Portion: (61.860) Rental vances (83.124) Prepaid expense - lease 17.552 Long-term lease The balance of rental advance and prepaid expenses - lease - related parties as at 30 September 2015 was amounting to Rp 198,473 (see Note 22c), TRADE PAYABLES - THIRD PARTIES 31 Desombor! December 2016 591,670 Direct purchase 819,192 Consignment 1,410,802, Trade payables from direct purchase represent liabilities to third party suppliers for the purchase of merchandise. Trade payables of consignment represent liabilities arising from consignment sales proceeds received, but not yet remitted as of the statements of financial position date. As at 30 September 2015 and 31 December 2014, all the carrying amount of the Company's trade payables were denominated in Rupiah and 1no collateral was pledged in respect of the trade payables.PT MATAHARI DEPARTMENT STORE Tbk Halaman 30 Page CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE INTERIM FINANCIAL INTERIM 30 SEPTEMBER 2015, 2014 STATEMENTS 30 SEPTEMBER 2016, 2014 DAN 31 DESEMBER 2014 ‘AND 31 DECEMBER 2014 (Dinyatakan dalam jutaan Rupiah, (Expressed in milions of Rupiah, kecuali dinyatakan lain) unless otherwise stated) 9. AKRUAL 9. ACCRUALS 30 September! 34 Desember! _September 2015 December 2014 Pinak ketiga Third parties Sewa 36,985 Rent Unites 50.801 tities Pemasaran 47.744 Marketing sel tolap 2a777 Fixed ascots Bunga 3.986 Interest Jasa pengendatan kualtas 5.953 Quality service Konsuitan 1672 Consultant Asuransi - Insurance Transportasi 17913 Transportation Palak dan perinan 4152 Tax and licenses Peralanen dinas 3751 Business travel Laila 13282 Others Jumiah 277,434 Total Pinak berelast (Catatan 22c) 1d parties (Note 22c) Sewa 19,135 24,105, Rent Usites 211556 20,937, unites Jumiah 39,601 Total 10, PERPAJAKAN 10. TAXATION a, Pajak dibayar dimuka 2. Prepaid tax 30 September! 31 Desember! September 2015 December 2014 Pajak pertambahan nila 124,928 71,624 Value added tax b. Utang pajak b. Taxes payable 30 September! 31 Desember! September 2015 December 2014 Pajak penghasilan badan Corporate income taxes Pasal29 9373 103615 ‘arcle 29 = = Pasal2s 29,670 25,199 ‘Article 25 ~ 119,443 Pajak lain-ain Other taxes 2 Pasal23.dan 4 (2) 19.943, 10,228 Articles 23 and 4 (2) = 2 Pasal2t 2007 4464 Alice 21 ~ 2 Pasal2e 23 35 Article 26 18.373 44,725 131.816PT MATAHARI DEPARTMENT STORE Tbk Halaman 31 Page CATATAN ATAS LAPORAN KEUANGAN INTERIM 30 SEPTEMBER 2015, 2014 DAN 31 DESEMBER 2014 (Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) 10. PERPAJAKAN ((anjutan) ©. Beban pajak penghasi 30 September! Soptomber 2015, Ki 384,468, TTangguhan 2.825 Penyesuaian periode lay 356,693 Rekonsiliasi antara_laba_sebelum pajak penghasilan dengan penghasilan kena pajak Perusahaan adalah sebagai berikut: 30 September! September 2015, Laba sebelum pajak penghasilan 1,740,933 Perbedean temporer ~ Kew ajban imbalen kerja 41,880 = Fenyusutan dan amortisasi (54.008) Ferbedaan permanen: = Beban yang tidak dapat cdkurangkan 72.156 ~ Pengapatan yang telah clkenakan pajak final 28.623) Penghastan kena pajak 4772538 Beban pajak penghastan Kini 354,468 Pembayaran pajak penghasian imu = Pasal23 (154) + Pasal25 (270541) Kurang bayer Pajok Ponghastan Badan jumiah untuk periode sembilan bulan yang berakhir 30 September 2018 didasarkan atas perhitungan sementara, Dalam _ taporan Penghasilan kena keuangan ini pajak NOTES TO THE INTERIM FINANCIAL STATEMENTS 30 SEPTEMBER 2015, 2014 AND 31 DECEMBER 2014 (Expressed in millions of Rupiah, unless otherwise stated) 10. TAXATION (continued) ce. Income tax expense 30 September! September 2014 939.278 Current (3.628) Deferred 8.281 Prior period adjustment 338,03 A reconciliation between the profit before ‘income tax and taxable income of the Company is as follows: 30 September! September 2014 1,998,458 Profit before income tax Tomporary differences: 40,108 Employee benefits obligations ~ (221468) Depreciation and amortisation = Permanent diffrences: 271,998 Non-deductible expense 21,710) ‘Income subject to final tox 11966,389 Taxable income 399,278 Curront income tax expense Propaymant of income taxes: (42) Avticle 23 ~ (244817) ‘Article 25 = Underpayment of Corporate Income Tax In these financial statements, the amounts of taxable income for the nine-month period ended 30 September 2015 are based on preliminary calcutations.PT MATAHARI DEPARTMENT STORE Tbk Halaman 32 Page CATATAN ATAS LAPORAN KEUANGAN INTERIM 30 SEPTEMBER 2015, 2014 DAN 31 DESEMBER 2014 (Dinyatakan dalam jutaan Rupiah, kecuall dinyatakan lain) 10. PERPAJAKAN (lenjutan) c. Beban pajak penghasilan (lanjutan) Rekonsiliasi antara beban pajak penghasilan Perusahaan dengan hasil perkalian laba akuntansi Perusahaan sebelum —_pajak enghasilan dengan tarif pajak yang berlaku adalah sebagai berikut: 30 Soptombe ‘September 2015 Laba sobolum palak penghasian NOTES TO THE INTERIM FINANCIAL STATEMENTS 30 SEPTEMBER 2015, 2014 AND 31 DECEMBER 2014 (Expressed in milions of Rupiah, unless otherwise stated) 10. TAXATION (continued) . Income tax expense (continued) The reconciliation between the Company's income tax expense and the theoretical tax amount using the tax rate on the Company's profit before income tax is as follows: 1 30 Septemb September 2018 1740,933, 459 Profit before income tax Pajakdintung pada tari Tax calculated yang berlaku 20% 348,187 279692 at applicable rate 20% Beban yang tidak dapat lkurangken 14431 54.400 Non deduetibie expense Fendapatan yang telah ‘dkenakan paak tinal 6.728) (4342) Income subject to fine tax 8281 Prior period adjustment Beban pajak penghasilan 356,003 336,034 Income tax expense d. Aset pajak tangguhan d. Deferred tax assets Oikreattkan Diredttkan! (civebanken) ie lebarugl ‘edited! (chorged) to owowz0%s> __profitortoss sovosr01s Kw ajbannbaan hrs 29.905 aa78 74961 Employee berets obligations Froviluntutpersedoen rd : 3 1476 Perbecoon antral Boks bere set eap tomers dan fk Proision for menory ‘itronce betes ‘commercial and csi net, 18504 0.809) (20312) “book value af ved esset ikredtcen ke pendapatan Dikreditkan’ —Komprehensit (divebankan) ——_tainnyar ke labe rua! Credited to Credited! other (charged) to comprenensive profitertoss income __sttzmota Kensbaninbalan ers 55.561 02s 1879 68585 Employee beneftsobtigations Povisl unuk persedaan 178 176 Prowson for inventory erbecsan atari buks Diterencebetveen bers ssettetap commercial and aca! nt ors dan tsa 11949) 0 (1851 book wlue offre asset 45,008 1.869 toro 49.280, ° pisajkan kembaf ihat Catatan 29 7 Restated, see Note 29PT MATAHARI DEPARTMENT STORE Tbk Halaman 33 Page CATATAN ATAS LAPORAN KEUANGAN INTERIM 30 SEPTEMBER 2015, 2014 DAN 31 DESEMBER 2014 (Dinyatakan dalam jutaan Rupiah, kecuall dinyatakan lain) NOTES TO THE INTERIM FINANCIAL STATEMENTS 30 SEPTEMBER 2015, 2014 AND 31 DECEMBER 2014 (Expressed in millions of Rupiah, unless otherwise stated) 10. PERPAJAKAN (lanjutan) 10. TAXATION (continued) 44. PINJAMAN BANK d._Aset pajak tangguhan (lanjutan) Aset pajak tangguhan pada tanggal 30 September 2015 dan 31 Desember 2014 telah memperhitungkan tarif pajak yang berlaku untuk setiap periode yang terkait. Manajemen berkeyakinan bahwa jumiah laba fiskal pada masa datang akan memadai untuk mengkompensasi perbedaan temporer yang dapat dikurangkan, Administrasi Berdasarkan Undang-Undang Perpajakan yang berlaku di Indonesia, Perusahaan Menghitung, menetapkan dan _membayar sendiri besamnya jumlah pajak yang terutang. Direktur Jenderal Pajak (‘DJP") dapat menetapkan atau mengubah kewajiban pajak dalam batas waktu lima tahun sejak saat terutangnya pajak. Pada tahun 2014, Perusahaan telah menerima Surat Ketetapan Pajak atas Pajak Penghasilan Badan, Pajak Pemotongan/ Pemungutan dan Pajak Pertambahan Nilai untuk tahun pajak 2009, 2010 dan 2011 dimana Perusahaan berada pada posisi kurang bayar sebesar Rp 28.143 yang terdiri dari pokok pajak, bunga dan pinalt. Dari jumlah tersebut, Rp 8.281 untuk Pajak Penghasilan Badan dan Rp 19.862 untuk pajak Iainnya. Perusahaan telah melunasi Surat Ketetepan Pajak Kurang Bayar tersebut pada tahun 2014, Phjaman sindicasi ~ PT Bank CNB Naga Toi("CIVB") 477,288 ~ PT Bank BNP Paribas Indonesia meagit Diurangi: Beban ditangguhkan (4202) 85,708 Dikurangi: BBagian yang jatuh tempo dalam satu tahun (595,708) Bagian jatuh tempo lebih deri satu tahun . Deferred tax assets (continued) Deferred tax assets as at 30 September 2015 and 31 December 2014 have been calculated taking into account tax rates applicable for each period, Management believes that future taxable profit will be available against which the deductible temporary differences can be utilised. @. Administration Under the Taxation Laws of Indonesia, the Company submits fax returns on the basis of self assessment. Director General of Tax (CDGT’) may assess or amend taxes within five years of the time the tax becomes due. In 2014, the Company received the tax assessment letters for corporate income tax, witholding income tax and value added tax obligations for fiscal years 2009, 2010 and 2011 which the Company under paid ‘amounting to Rp 28,143 consist of principal, interest _and penalty. From which amount, Ro 8,281 for the corporate income tax and Ro 19,862 for other taxes. The Company had paid the underpayment tax assessment letter in 2014. 1. BANK LOANS 31 Dosember December 2014 = ‘Syndicated loan: PT Bank CIMB. ~ 47.289 ‘lage Tbk ("CIMB") PT Bank BNP Peribas p27 Indonesia Less: (10.831) Deferred charges Less: 278,978) Portion due within one year 410,191 Portion due over one yearPT MATAHARI DEPARTMENT STORE Tbk Halaman 34 Page CATATAN ATAS LAPORAN KEUANGAN INTERIM 30 SEPTEMBER 2015, 2014 DAN 31 DESEMBER 2014 (Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan iain) 11. PINJAMAN BANK (lanjutan) Pinjaman sindikasi Pada tanggal § Maret 2010, Perusahaan, selaku peminjam, mengadakan perjanjian fasiitas pinjaman sindikasi_ dengan beberapa bank (CIMB, Standard Chartered Bank, PT Bank International Indonesia Tbk, PT Bank Danamon Indonesia Tbk, PT Bank Permata Tbk), yang difasiltasi CIMB dan Standard Chartered Bank, dengan total nilai fasiitas sebesar Rp 3.500.000 yang terdiri dar fasilitas pinjaman jangka panjang sebesar Rp 3.250.000 dan fasiltas pinjaman revolving sebesar Rp 250.000. Pada tanggal 31 Desember 2014, pinjaman pada PT Bank Permata Tbk telah dibayar penuh. ‘Atas faslitas pinjaman ini, pada tanggal 1 April 2010, sebesar Rp 3.260.000 telah ditark Pinjaman ini dikenakan bunga dengan suku bunga_mengambang sebesar SBI + 6% per tahun yang harus dibayar setiap kuartal sampai dengan 30 Desember 2018. Pada tanggal 8 Juli 2011, perjanjian tersebut diubah menjadi tingkat bunga deposito berjangka Bank Indonesia + 6% Pinjaman. yang diperoleh diperuntukan untuk mendanai PT Meadow Indonesia untuk mengakuisisi Perusahaan dan modal kerja Perusahaan, Sejak tanggal 6 September 2010, Perusahaan mendapatkan fasilitas swap suku bunga dari Standard Chartered Bank untuk bagian tertentu {ari saldo pinjaman sindikasi bank dengan bunga tetap sebesar 8,42% terhadap suku bunga SBI. Fasiltas ini berakhir pada 30 Juni 2013. Pada tanggal 4 Maret 2013, 31 Juli 2013, dan 27 Desember 2013, Perusahaan telah melakukan Pembayaran pokok pinjaman dipercepat masing- ‘masing Rp 700.000,Rp 400.000,dan Rp 300.000. Pada tanggal 28 Juni 2012, Perusahaan menandatangeni Perjanjian Perubahan dan Pemyataan Kembali atas perjanjian fasiltas pinjaman sindikasi. Di dalam —perubahan perlanjian tersebut, Perusahaan mendapatkan fambahan —fasilias —_pinjaman—_sebesar Rp 1.226.000 yang telah digunakan oleh Perusahaan tanggal 7 Agustus 2012. Pinjaman ini dibayar setiap kuartal dengan pembayaran Pertama dilakukan pada tanggal 30 Juni 2013 dan pembayaran lersebut akan berakhir i 30 Desember 2016, NOTES TO THE INTERIM FINANCIAL STATEMENTS 30 SEPTEMBER 2015, 2014 ‘AND 31 DECEMBER 2014 (Expressed in milions of Rupiah, unless otherwise stated) 11. BANK LOANS (continued) ‘Syndicated loan (On 5 March 2010, the Company, as the borrower, entered into a syndicated loan facility agreement with several banks (CIMB, Standard Chartered Bank, PT Bank Intemational Indonesia Tbk, PT Bank Danamon Indonesia Tbk, PT Bank Permata Tbk), facilitated by CIMB and Standard Chartered Bank, with total faciliy amount of Ro 3,500,000 which comprised long term foan facility of Rp 3,250,000 and revolving loan facilily of Rp 250,000. As at 31 December 2014, the loan to PT Bank Permata Tbk has been fully repaid, For this loan facility, Rp 3,250,000 was withdrawn on 1 April 2010. The loan had a floating interest rate at SBI + 6% per annum that was payable quarterly until 30 December 2016. On 8 July 2011, the agreement was amended to time deposit of Bank Indonesia + 6%. The purpose of the Joans Is to finance PT Meadow Indonesia acquisition of the Company and the Company's working capital. Starting on 6 September 2010, the Company entered info an interest rate swap faciliy with Standard Chartered Bank for a certain portion of the syndicated loan balance with a fixed interest, rate of 8.42% over the interest rate of SBI. This facility ended on 30 June 2013, On 4 March 2013, 31 July 2013, 27 December 2013, the Company made accelerated payments of tie loan principal amounting to Rp700,000, -Rp400,000,and Rp300,000 respectively On 28 June 2012, the Company signed an Amendment and Restatement of the syndicated loan facility agreement. In the amendment to the agreement, the Company obtained additional loan facility of Rp 1,225,000 which was fully drawn down on 7 August 2012. This loan was payable quarterly with the first installment on 30 June 2013, and the last installment would be on 30 December 2016,PT MATAHARI DEPARTMENT STORE Tbk Halaman 35 Page CATATAN ATAS LAPORAN KEUANGAN INTERIM 30 SEPTEMBER 2015, 2014 DAN 31 DESEMBER 2014 (Dinyatakan dalam jutaan Rupiah, kecuall dinyatakan lain) 11. PINJAMAN BANK (lanjutan) Pinjaman sindikasi (lanjutan) ‘Tujuan dari tambahan fasilitas baru adalah untuk pelunasan pokok dan utang bunge atas pinjaman dari PT Matahari Pacific. Berdasarkan Akta Notaris Sutjipto, S.H., MKn., No. 26 tanggal 6 Juli 2010, Perusahaan memberikan jaminan fidusia tas _fasilitas, pinjaman sindikasi berupa seluruh kas dan setara, kas, persediaan dan aset tetap yang dimil Perusahaan kepada CIMB, Perusahaan juga diwajibkan untuk memiliki kas dan setara kas yang dibatasi penggunaannya sebesar Rp 25.579 (per 1 Januari 2014), Pada tanggal 6 Juni 2014, Perusahaan telah melunasi semua pokok pinjaman sebesar Rp 1.669.253 beserta semua bunga dan semua break cost untuk fasiitas pinjaman tersebut di atas, Pada tanggal 24 April 2014, Perusahaan ‘menandatangani perjanjian pinjaman dengan PT Bank BNP Paribas Indonesia dan PT Bank CIMB Niaga Tbk yang meliputi fasilitas pinjaman berjangka sebesar Rp 1.650.000 dan fasiltas pinjaman Kredit revolving sebesar Ro 230.000. Fasiitas baru ini terutama akan digunakan untuk membayet pinjaman —terdahulu, dengan fleksibiltas bagi Perusahaan untuk menggunakan sisanya sebagai modal kerja dan capital expenditure. Fasiltas baru ini akan memberikan rmarjin bunga yang lebih rendah (dari JIBOR + 4.75% menjadi JIBOR + 3,00%) dan commitment foos (dati 1,00% menjadi 0,75%), selain itu juga meningkatkan fleksibiltas Perusahaan dengan Penghapusan excess cash sweep dan Pembayaran waib Iainnya. Pinjaman ini dibayar setiap semester dan akan berakhir di 6 Juni 2016. NOTES TO THE INTERIM FINANCIAL STATEMENTS 30 SEPTEMBER 2015, 2014 ‘AND 31 DECEMBER 2014 (Expressed in milions of Rupiah, unless otherwise stated) 11. BANK LOANS (continued) ‘Syndicated loan (continued) The purpose of this new facility was for repayment of the remaining principal and accrued interest of the outstanding loan from PT Matahari Paeitic. Based on Noterial Deed No, 26 dated 6 July 2010 of Suljpto, S.H., MKn, the Company provided a fiduciary guarantee for the syndicated loan facility by using all cash and cash equivalents, inventories and fixed assets to CIMB. The Company was also required to maintain restricted cash and cash equivalents amounting to Rp 25,579 (as of 1 January 2014). On 6 June 2014, the Company fully repaid the ‘outstanding loan principal amounting fo Ro 1,669,253 and all accrued interest and all break cost for the above facilities. On 24 April 2014, the Company signed a new facilities agreement with a banking group comprising of PT Bank BNP Paribas Indonesia and PT Bank CIMB Niaga Tbk in relation to a Ro 1,650,000 term loan and Rp 230,000 revolving credit faciliy. The now facilties will be primarily used (0 repay the previous indebtedness, with fiexibilty for the Company to use the remaining amounts {0 fund working capital and capital expenditure. The new facilities allow the Company to lower its interest expense (from JIBOR + 4.75% to JIBOR + 3.00%) and commitment fees (from 1.00% t0 0.75%), while improving the Company's flexibility through the removal of excess cash sweep and other ‘mandatory prepayments. This loan wil be paid every semester and the last installment will be on 6 June 2016,PT MATAHARI DEPARTMENT STORE Tbk Halaman 36 Page CATATAN ATAS LAPORAN KEUANGAN INTERIM 30 SEPTEMBER 2015, 2014 DAN 31 DESEMBER 2014 (Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) 11. PINJAMAN BANK (lanjutan) Pinjaman sindikasi (/anjutan) Terkait dengan fasilitas ini, Perusahaan ‘memberikan jaminan berupa jaminan ates hak kekayaan intelektual Perusahaan, rekening bank, piutang dan aset berwujud yang sama dengan jaminan yang diberikan Perusahaan kepada kreditur sesuai dengan perjanjian fasiltas yang ‘masih berjalan. Pemberian jaminan ini telah disetujui oleh para pemegang _saham Perusahaan dalam Rapat Umum Pemegang ‘Saham ("RUPS") Luar Biasa yang diadakan pada tanggal 2 Juni 2014. Fasiitas baru sebesar Rp 1.631.200 (setelah dikurangi dengan transaction cost) telah citarik pada 6 Juni 2014 dan telah digunakan sebagian untuk melunasi pinjaman, bersamaan dengan semua biaya. Pada tanggal 25 Juli, 7 Agustus, 8 September, 10 November, 10 Desember, dan 29 Desember 2014 Perusahaan telah melakukan pembayaran pokok pinjaman dipercepat_masing-masing sebesar Rp 70.000, Rp 200.000, Rp 100.000, RP 80.000, Rp 150.000, dan Rp 350.000, Biaya bunga _termasuk amortisasi_beban ditangguhkan untuk periode sembitan bulan yang berakhir pada 30 September 2015 dan 2014 masing-masing sebesar Rp 61.962 dan Rp 221.609, Pada tanggal 30 September 2015, Perusahaan ‘memiliki fasilitas pinjaman yang belum digunakan sejumish Rp 230.000 yang akan jatuh tempo pada tanggal 6 Juni 2016. Sesual dengan perjanjian fasiltas pinjaman sindikasi, Perusahaan divajibkan memenuhi batasar-batasan tertentu antara Iain betasan rasio keuangan seperti rasio gross leverage dan debt service coverage. Pada tanggal 30 September 2015 dan 31 Desember 2014, Perusahaan telah memenuhi batasan-batasan yang diwajibkan dalam perjanjian pinjaman tersebut. NOTES TO THE INTERIM FINANCIAL STATEMENTS 30 SEPTEMBER 2015, 2014 ‘AND 31 DECEMBER 2014 (Expressed in milions of Rupiah, unless otherwise stated) 11. BANK LOANS (continued) ‘Syndicated loan (continued) In connection with the new faciltios, the Company granted security to the new banking group which include securty over the Company's intelectual property rights, bank accounts, receivables and tangible assets, similar to the ‘secunty package provided by the Company to lenders under the existing facilities agreement. The provision of this security was approved by the Shareholder in the Extraordinary General Meeting of Shareholders ("EGMS') on 2 June 2014 The new term facility of Rp 1,631,200 (after net- off with transaction cost) was drawn down on 6 June 2014 and was used, in part, to prepay the existing loans, together with all expenses. On 25 July, 7 August, 8 September, 10 November, 10 December, and 29 December 2014 the Company made accelerated payments Of the loan principal amounting to Rp 70,000, Rp 200,000, Rp 100,000, Rp 80,000, Rp 150,000, land Rp 350,000. The inferest cost including amortisation of deferred charges for the nine-month period ended 30 September 2015 and 2014 were amounting to Rp 61,962 and Rp 221,609, respectively. As at 30 September 2015, the Company has undrawn borrowing facilites amounting to Rp 230,000 which will expire 6 June 2016. Based on the syndicated loan facilly agreement, the Company was required to comply with certain covenants such as financial ratio covenants that consist of gross leverage and debt service coverage ratio. As at 30 September 2015 and 31 December 2014, the Company has complied with the covenants in the borrowing agreement.PT MATAHARI DEPARTMENT STORE Tbk Halaman 37 Page CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE INTERIM FINANCIAL INTERIM 30 SEPTEMBER 2015, 2014 STATEMENTS 30 SEPTEMBER 2015, 2014 DAN 31 DESEMBER 2014 AND 31 DECEMBER 2014 (Dinyatakan dalam jutaan Rupiah, (Expressed in milions of Rupiah, kecuali dinyatakan lain) unless otherwise stated) 12, MODAL SAHAM 12, SHARE CAPITAL Komposisi pemegang saham Perusahaan pada The composition of the Company's shareholders tanggal 30 September 2015 adalah sebagai —_as af 30 September 2015 was as follows: berikut Jumiah saham dlitempatkan dan Persentase ‘isetor! keporilixand Number of shares Percentage of issued ‘ownership Jumtabd and paid a Total ‘Ser = lal nominal Re §.000 (nila penuhy Tyoe A par value Rp 6.000 (fl aroun BT Mutipolar Tox 1,188,280 0.04 5941 Publit/Pubiic(masing-masing di bawah 5%) each les than 5%) 4,980,870 oz 24,904 ‘Sub jumiahisub-tots! 6.166 02: 0,845 ‘Ser B - lal nominal Rp_360 (nisi penuh {Type B= per value fp 360 (full amour PT Mutipoiar Tbk 44,017,453 151 15,408 Publil/Pubiic(mesing-masing oi bavah 5%! ‘ach ese than 5%) 215,078,867 730 75278 ‘Sub-jumlahfsub-total 259,096,320 88 90.684 ‘C= par value Ro 100 (ul. PT Muttpoiar Tox 552,323,757 18.93 66,282 PPubll/Pubiic(msing-masing di bawah 5%! ‘ach loss than 5%) __2.100,328.043 7198 210.033 ‘Sub-jumlahisub-fotal 2.652,652.800 soot 265.265 2,917,918,080PT MATAHARI DEPARTMENT STORE Tbk Halaman 38 Page CATATAN ATAS LAPORAN KEUANGAN INTERIM 30 SEPTEMBER 2015, 2014 DAN 31 DESEMBER 2014 (Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) 412, MODAL SAHAM (lanjutan) Komposisi pemegang saham Perusahaan pada tanggal 31 Desember 2014 adalah sebagai berikut: NOTES TO THE INTERIM FINANCIAL STATEMENTS 30 SEPTEMBER 2015, 2014 AND 31 DECEMBER 2014 (Expressed in millions of Rupiah, unless otherwise stated) 12, SHARE CAPITAL (continued) The composition of the Company's shareholders as at 31 December 2014 was as follows. Jumlah saham

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