PT. CARDIG AERO SERVICES TBK DAN ENTITAS ANAK/AND ITS SUBSIDIARIES

PT. CARDIG AERO SERVICES TBK DAN ENTITAS ANAK/AND ITS SUBSIDIARIES
PT. CARDIG AERO SERVICES TBK
DAN ENTITAS ANAK/AND ITS SUBSIDIARIES
LAPORAN KEUANGAN KONSOLIDASIAN DAN INFORMASI TAMBAHAN/
CONSOLIDATED FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION

PER 30 SEPTEMBER 2013 (TIDAK DIAUDIT) DAN 31 DESEMBER 2012 (DIAUDIT), DAN
UNTUK PERIODE SEMBILAN BULAN YANG BERAKHIR 30 SEPTEMBER 2013 DAN 2012
(TIDAK DIAUDIT)/ AS OF SEPTEMBER 30, 2013 (UNAUDITED) AND DECEMBER 31, 2012
(AUDITED) AND FOR NINE-MONTH PERIODS ENDED SEPTEMBER 30, 2013 AND 2012
(UNAUDITED)
PT. CARDIG AERO SERVICES TBK                                             PT. CARDIG AERO SERVICES TBK
DAN ENTITAS ANAK                                                                  AND ITS SUBSIDIARIES
DAFTAR ISI                                                                         TABLE OF CONTENTS

                                                         Halaman/
                                                          Page


SURAT PERNYATAAN DIREKSI                                     1      DIRECTORS’ STATEMENT LETTER


LAPORAN KEUANGAN KONSOLIDASIAN –                                    CONSOLIDATED FINANCIAL STATEMENTS -
  Per 30 September 2013 (tidak diaudit) dan 31                        As of September 30, 2013 (unaudited) and
     Desember 2012 (diaudit) dan untuk periode                           December 31, 2012 (audited) and for the
     sembilan bulan yang berakhir 30 September                           nine-month periods ended September 30,
     2013 dan 2012 (tidak diaudit)                                       2013 and 2012 (unaudited)

   Laporan Posisi Keuangan Konsolidasian                     3        Consolidated Statements of Financial Position

   Laporan Laba Rugi Komprehensif Konsolidasian              5         Consolidated Statements of Comprehensive
                                                                         Income

   Laporan Perubahan Ekuitas Konsolidasian                   7        Consolidated   Statements of Changes         in
                                                                        Equity

   Laporan Arus Kas Konsolidasian                            8        Consolidated Statements of Cash Flows

   Catatan Atas Laporan Keuangan Konsolidasian               9        Notes to Consolidated Financial Statements

INFORMASI TAMBAHAN –                                                SUPPLEMENTARY INFORMATION –
   Per 30 September 2013 (tidak diaudit) dan 31                       As of September 30, 2013 (unaudited) and
      Desember 2012 (diaudit) dan untuk periode                          December 31, 2012 (audited) and for the
      sembilan bulan yang berakhir 30 September                          nine-month periods ended September 30,
      2013 dan 2012 (tidak diaudit)                                      2013 and 2012 (unaudited)

   Laporan Posisi    Keuangan     Tersendiri   Entitas       92        Statements of Financial Position - Parent
      Perusahaan                                                          Entity Only

   Laporan Laba Rugi      Komprehensif     Tersendiri        93        Statements of Comprehensive Income –
      Entitas Induk                                                       Parent Entity Only

   Laporan Perubahan Ekuitas Tersendiri Entitas              94        Statements of Changes in Equity - Parent
      Induk                                                               Entity Only

   Laporan Arus Kas Tersendiri Entitas Perusahaan            95        Statements of Cash Flows - Parent Entity
                                                                          Only

   Catatan Atas Investasi Saham                              96        Notes on Investment in Shares of Stock
PT. CARDIG AERO SERVICES TBK                                                                                      PT. CARDIG AERO SERVICES TBK
DAN ENTITAS ANAK                                                                                                           AND ITS SUBSIDIARIES
LAPORAN POSISI KEUANGAN KONSOLIDASIAN                                                        CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
30 SEPTEMBER 2013 (TIDAK DIAUDIT) DAN 31 DESEMBER 2012 (DIAUDIT)                 SEPTEMBER 30, 2013 (UNAUDITED) AND DECEMBER 31, 2012 (AUDITED)


                                                                     30 September/      31 Desember/
                                                       Catatan/      September 30,      December 31,
                                                        Notes             2013              2012
                                                                         Rp'000            Rp'000
ASET                                                                                                      ASSETS

ASET LANCAR                                                                                               CURRENT ASSETS
  Kas dan setara kas                                      5             167.573.153        176.775.748      Cash and cash equivalents
  Piutang usaha                                           6                                                 Trade accounts receivable
     Pihak berelasi - setelah dikurangi                                                                        Related parties - net of allowance
        cadangan kerugian penurunan nilai                                                                        for impairment losses of
        sebesar Rp 10.803.361 ribu per                                                                           Rp 10,803,361 thousand at
        30 September 2013 dan                                                                                    September 30, 2013 and
        Rp 16.614.430 ribu                                                                                       Rp16,614,430 thousand
        per 31 Desember 2012                              31             11.737.481          4.417.435           at December 31, 2012
     Pihak ketiga - setelah dikurangi                                                                          Third parties - net of allowance
        cadangan kerugian penurunan nilai                                                                        for impairment losses of
        sebesar Rp 3.270.654 ribu per                                                                            Rp 3,270,654 thousand at September 30,
        30 September 2013 dan                                                                                    2013 and Rp 2,237,103 thousand
        Rp 2.237.103 ribu per 31 Desember 2012                          196.229.993        146.046.073           at December 31, 2012
  Piutang lain-lain                                                                                         Other receivables
     Pihak berelasi                                       32             31.188.095         32.282.953         Related parties
     Pihak ketiga                                         7               8.389.773          8.052.774         Third parties
  Persediaan - setelah dikurangi                                                                            Inventories - net of allowance
     cadangan penurunan nilai persediaan                                                                       for decline in value of Rp 1,149,424 thousand
     sebesar Rp 1.149.424 ribu per 30 September 2012                                                           and at September 30, 2013 and
     dan Rp 1.536.347 ribu                                                                                     Rp 1,536,347 thousand
     per 31 Desember 2012                                                21.628.612         13.159.002         at December 31, 2012
  Pajak dibayar di muka                                   8              35.755.699         34.365.856      Prepaid taxes
  Biaya dibayar di muka dan aset lain-lain                                                                  Prepayment and other assets
     Pihak ketiga                                                        29.794.485         15.212.008         Third party
  Aset derivatif                                          34               -                    57.820      Derivative assets
  Jumlah Aset Lancar                                                    502.297.291        430.369.669      Total Current Assets

ASET TIDAK LANCAR                                                                                         NON-CURRENT ASSETS
  Pinjaman kepada pihak berelasi                         9, 32          181.545.031        145.223.793     Loans to a related party
  Aset tetap - setelah dikurangi                                                                           Property and equipment - net of
     akumulasi penyusutan sebesar                                                                            accumulated depreciation of
     Rp 327.992.288 ribu per 30 September 2013                                                               Rp 327,992,288 thousand at September 30, 2013
     dan Rp 295.270.836 ribu per                                                                             and Rp 295,270,836 thousand at
     31 Desember 2012                                     10            158.770.229        149.588.095       December 31, 2012
  Aset pajak tangguhan                                    28             45.910.064         43.453.537     Deferred tax assets
  Goodwill                                                30             16.640.205         16.640.205     Goodwill
  Aset lain-lain                                                          4.416.634          9.740.159     Other assets
  Jumlah Aset Tidak Lancar                                              407.282.163        364.645.789     Total Non-Current Assets

JUMLAH ASET                                                             909.579.454        795.015.458    TOTAL ASSETS


Lihat catatan atas laporan keuangan konsolidasian yang merupakan                      See accompanying notes to consolidated financial statements
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian.                    which are an integral part of the consolidated financial statements.




                                                                           -3-
PT. CARDIG AERO SERVICES TBK                                                                                        PT. CARDIG AERO SERVICES TBK
DAN ENTITAS ANAK                                                                                                              AND ITS SUBSIDIARIES
LAPORAN POSISI KEUANGAN KONSOLIDASIAN                                                            CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
30 SEPTEMBER 2013 DAN 31 DESEMBER 2012 (DIAUDIT) - Lanjutan                            SEPTEMBER 30, 2013 AND DECEMBER 31, 2012 (AUDITED) - Continued


                                                                     30 September/       31 Desember/
                                                       Catatan/      September 30,       December 31,
                                                        Notes             2013               2012
                                                                         Rp'000             Rp'000

LIABILITAS DAN EKUITAS                                                                                     LIABILITIES AND EQUITY

LIABILITAS JANGKA PENDEK                                                                                   CURRENT LIABILITIES
Utang usaha                                               11                                               Trade accounts payable
   Pihak berelasi                                         32                106.124             686.002      Related parties
   Pihak ketiga                                                          73.036.383          62.627.429      Third parties
Utang Lain-lain                                                                                            Other payables
   Pihak berelasi                                         32               -                  2.867.098      Related parties
   Pihak ketiga                                                           1.285.801           7.890.700      Third parties
Utang pajak                                              12              69.127.877          49.403.937    Taxes payable
Biaya masih harus dibayar                                13              89.635.168          64.762.568    Accrued expenses
Utang dividen                                           22, 32           30.000.000            -           Dividend payables
Liabilitas derivatif                                     34                -                  5.788.509    Derivative liabilities
Uang muka dan deposit dari pelanggan                     33               6.045.122           2.526.148    Advances and deposit from customers
Utang jangka panjang yang jatuh tempo dalam
   satu tahun                                                                                              Current maturities of long-term liabilities:
   Utang bank                                             14             59.273.013          50.860.363      Bank loans
Jumlah Liabilitas Jangka Pendek                                         328.509.488         247.412.754    Total Current Liabilities

LIABILITAS JANGKA PANJANG                                                                                  NON-CURRENT LIABILITIES
Utang bank jangka panjang - setelah dikurangi bagian
   yang jatuh tempo dalam satu tahun                      14            145.207.548         141.064.128    Long-term bank loans - net of current maturities
Liabilitas imbalan kerja                                  15             55.980.549          51.153.621    Employee benefit obligations
Liabilitas derivatif                                      33             11.554.961           4.027.806    Derivative liabilities
Jumlah Liabilitas Jangka Panjang                                        212.743.058         196.245.555    Total Non-current Liabilities

JUMLAH LIABILITAS                                                       541.252.546         443.658.309    TOTAL LIABILITIES

EKUITAS                                                                                                  EQUITY
Modal saham - nilai nominal                                                                              Capital stock - par value of
   Rp 100 per saham                                                                                         Rp 100 per share
Modal dasar - 7.500.000 saham                                                                            Authorized capital - 7,500,000 shares
Modal ditempatkan dan disetor penuh -                                                                    Issued and fully paid capital - 2,086,950,000
   2.086.950.000 saham                                    16            208.695.000         208.695.000     shares
Selisih kurs atas modal disetor                           17              2.701.493           2.701.493 Foreign exchange difference on paid in capital
Tambahan modal disetor                                    18             48.016.769          48.016.769 Additional paid-in capital
Selisih nilai transaksi restrukturisasi                                                                  Difference in value of restructuring transaction
   entitas sepengendali                                   19           (138.675.807)       (115.741.966)    of entities under common control
Selisih nilai transaksi ekuitas dengan                                                                   Difference in value of equity transactions
   kepemilikan nonpengendali                              20            (46.086.238)        (46.086.238)    with non-controlling interest
Cadangan revaluasi lindung nilai - bersih setelah
   dikurangi pajak tangguhan                              34             (2.535.295)         (3.020.854) Hedge revaluation reserve - net of deferred tax
Saldo laba                                                                                               Retained earnings
   Ditentukan penggunaannya                                              41.739.000          41.739.000    Appropriated
   Tidak ditentukan penggunaannya                                       151.291.627         104.602.509    Unappropriated
Ekuitas diatribusikan kepada pemilik Perusahaan                         265.146.549         240.905.713 Equity attributable to the owners of the Company
Kepentingan nonpengendali                                 21            103.180.359         110.451.436 Non-controlling interest
Jumlah Ekuitas                                                          368.326.908         351.357.149 Total Equity

JUMLAH LIABILITAS DAN EKUITAS                                           909.579.454         795.015.458    TOTAL LIABILITIES AND EQUITY
                                                                                  0

Lihat catatan atas laporan keuangan konsolidasian yang merupakan                       See accompanying notes to consolidated financial statements
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian.                     which are an integral part of the consolidated financial statements.




                                                                           -4-
PT. CARDIG AERO SERVICES TBK                                                                             PT. CARDIG AERO SERVICES TBK
DAN ENTITAS ANAK                                                                                                   AND ITS SUBSIDIARIES
LAPORAN LABA RUGI KOMPREHENSIF KONSOLIDASIAN                                        CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
UNTUK PERIODE SEMBILAN BULAN YANG BERAKHIR                                                          FOR THE NINE-MONTH PERIODS ENDED
30 SEPTEMBER 2013 DAN 2012 (TIDAK DIAUDIT)                                                      SEPTEMBER 30, 2013 AND 2012 (UNAUDITED)


                                                   Catatan/
                                                    Notes             2013                2012
                                                                     Rp'000              Rp'000

PENDAPATAN                                          23, 31       964.056.878            744.560.496      REVENUES

BEBAN USAHA                                                                                              OPERATING EXPENSES
Pergudangan dan penunjang penerbangan                 24         (427.946.913)         (352.457.906)     Cargo and ground handling
Katering                                              25         (197.409.676)         (129.647.838)     Catering
Perbengkelan penerbangan                              26          (61.807.302)          (46.496.830)     Aircraft release and maintenance
Perdagangan dan jasa kebersihan                                    (9.503.955)          (11.311.185)     Trading and cleaning services
Umum dan administrasi                                  28         (24.863.703)          (18.298.903)     General and administrative
Jumlah Beban Usaha                                               (721.531.549)         (558.212.662)     Total Operating Expenses

LABA SEBELUM POS KEUANGAN                                                                                INCOME BEFORE FINANCIAL AND
  DAN LAINNYA                                                    242.525.329            186.347.834        OTHER ITEMS

Penghasilan bunga                                                    12.923.340          11.612.497      Interest income
Keuntungan (kerugian) atas transaksi                                                                     Gain (loss) on derivative
  derivatif - bersih                                   34             (8.549.301)         (4.632.169)       transaction - net
Beban keuangan                                                       (14.281.034)        (13.890.653)    Finance cost
Keuntungan (kerugian) selisih kurs                                    19.148.358          (2.996.995)    Gain (loss) on foreign exchange
Keuntungan dan kerugian lain-lain - bersih                               339.003           3.887.132     Other gains and losses - net

LABA SEBELUM PAJAK PENGHASILAN                                   252.105.695            180.327.646      INCOME BEFORE TAX

MANFAAT (BEBAN) PAJAK
   PENGHASILAN                                        28                                                 TAX BENEFIT (EXPENSE)
Pajak kini                                                           (75.518.051)        (56.335.574)    Current
Pajak tangguhan                                                        2.618.380          12.426.583     Deferred
Beban pajak penghasilan                                              (72.899.671)        (43.908.991)    Tax Expense

LABA BERSIH PERIODE BERJALAN                                     179.206.024            136.418.655      NET INCOME FOR THE PERIOD

PENDAPATAN KOMPREHENSIF LAIN                                                                             OTHER COMPREHENSIVE INCOME
  Laba atas transaksi derivatif - bersih             34                  406.305          (2.197.573)      Gain on derivative transactions - net

JUMLAH PENDAPATAN KOMPREHENSIF                                       179.612.329         134.221.082     TOTAL COMPREHENSIVE INCOME

LABA BERSIH YANG DIATRIBUSIKAN KEPADA:                                                                   NET INCOME ATTRIBUTABLE TO:
   Pemilik entitas induk                              29          76.689.118             63.871.138        Owners of the Company
   Kepentingan nonpengendali                          21         102.516.907             72.547.517        Non-controlling interest
Laba bersih periode berjalan                                     179.206.024            136.418.655      Net Income for the period

JUMLAH LABA KOMPREHENSIF                                                                                 TOTAL COMPREHENSIVE INCOME
   YANG DAPAT DIATRIBUSIKAN KEPADA                                                                         ATTRIBUTABLE TO:
   Pemilik entitas induk                                              77.095.422          61.673.565       Owners of the Company
   Kepentingan nonpengendali                                         102.516.907          72.547.517       Non-controlling interest
Jumlah Laba Rugi Komprehensif                                        179.612.329         134.221.082     Total Comprehensive Income

Laba Per Saham Dasar                                                                                     Basic Earnings Per Share
   (dalam Rupiah penuh)                               29                      37                  31       (In full Rupiah)


Lihat catatan atas laporan keuangan konsolidasian yang merupakan                    See accompanying notes to consolidated financial statements
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian.                  which are an integral part of the consolidated financial statements.




                                                                          -5-
PT. CARDIG AERO SERVICES TBK                                                                                                                                                                                                                                  PT. CARDIG AERO SERVICES TBK
DAN ENTITAS ANAK                                                                                                                                                                                                                                                         AND ITS SUBSIDIARIES
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIA                                                                                                                                                                                                        CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
UNTUK PERIODE SEMBILAN BULAN YANG BERAKHIR 30 SEPTEMBER 2013 DAN 2012 (TIDAK DIAUDIT                                                                                                                                  FOR THE NINE-MONTH PERIODS ENDED SEPTEMBER 30, 2013 AND 2012 (UNAUDITED

                                                                                                                                                                                 Ekuitas entitas anak
                                                                                                                                         Selisih nila         Cadangan            sehubungan dengan
                                                                                                                 Selisih nila         transaksi ekuitas   revaluasi lindung        penyajian kembal                                                   Ekuitas yang dapat
                                                                                           Tambahan      transaksi restrukturisasi  dengan kepemilikan       nilai - bersih        laporan keuangan                                                  diatribusikan kepada
                                                                       Selisih kurs atas     modal         entitas sepengendali/       nonpengendali      setelah dikurang           konsolidasian/                                                     pemilik entitas
                                                                        modal disetor/      disetor/      Difference in value of   Difference in value of pajak tangguhan/       Equity in a subsidiary           Saldo laba/Retained earnings           induk/Equity         Kepentingan
                                                                      Foreign exchange     Additional   restructuring transactions  equity transactions Hedge revaluation     resulting from restatement         Ditentukan       Tidak ditentukan      attributable to      nonpengendali
                                         Catatan/    Modal disetor/     difference on        paid-in         of entities under      with non-controlling    reserve - net           of consolidated            Penggunaannya      Penggunaannya            owners of         Non-controlling      Jumlah ekuitas/
                                          Notes      Capital stock      paid-in capital     capital          common control                interest        of deferred tax       financial statements           Appropriated       Unappropriated       the Company             interest           Total equity
                                                       Rp'000               Rp'000          Rp'000                 Rp'000                   Rp'000              Rp'000                   Rp'000                    Rp'000              Rp'000               Rp'000               Rp'000              Rp'000
Saldo per 1 Januari 2013/
  Balance as of January 1, 2013                        208.695.000           2.701.493     48.016.769              (115.741.966)          (46.086.238)         (3.020.854)                                 -       41.739.000         104.602.509           240.905.713         110.451.436          351.357.149

Dividen/Dividends                          22               -                  -               -                   -                        -                    -                        -                           -               (30.000.000)           (30.000.000)      (117.363.361)         (147.363.361)

Selisih nilai transaksi ekuitas dengan
  kepemilikan nonpengendalDiffference in
  value of equity transactions with
  non-controlling interest                 20               -                  -               -                    (22.933.841)            -                    -                        -                           -                   -                  (22.933.841)          7.575.377          (15.358.464)

Jumlah pendapatan komprehensif
  Total comprehensive income                                -                  -               -                   -                        -                     485.559                 -                           -                76.689.118             77.174.677        102.516.907          179.691.584

Saldo per 30 September 2013/
  Balance as of September 30, 2013                     208.695.000           2.701.493     48.016.769              (138.675.807)          (46.086.238)         (2.535.295)                            0            41.739.000         151.291.627           265.146.549         103.180.359          368.326.908

Lihat catatan atas laporan keuangan konsolidasian yang merupakan                                                                                                                                                                See accompanying See accompanying notes to consolidated financial statements
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian.                                                                                                                                                              which are an integrawhich are an integral part of the consolidated financial stateme




                                                                                                                                                -6-
PT. CARDIG AERO SERVICES TBK                                                                                                                                                                                                                                  PT. CARDIG AERO SERVICES TBK
DAN ENTITAS ANAK                                                                                                                                                                                                                                                        AND ITS SUBSIDIARIES
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIA                                                                                                                                                                                                        CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
UNTUK PERIODE SEMBILAN BULAN YANG BERAKHIR 30 SEPTEMBER 2013 DAN 2012 - Lanjuta                                                                                                                                         FOR THE NINE-MONTH PERIODS ENDED SEPTEMBER 30, 2013 AND 2012 - Continue

                                                                                                                                                                                 Ekuitas entitas anak
                                                                                                                                         Selisih nila         Cadangan            sehubungan dengan
                                                                                                                 Selisih nila         transaksi ekuitas   revaluasi lindung        penyajian kembal                                                 Ekuitas yang dapat
                                                                                           Tambahan      transaksi restrukturisasi  dengan kepemilikan       nilai - bersih        laporan keuangan                                                diatribusikan kepada
                                                                       Selisih kurs atas     modal         entitas sepengendali/       nonpengendali      setelah dikurang           konsolidasian/                                                   pemilik entitas
                                                                        modal disetor/      disetor/      Difference in value of   Difference in value of pajak tangguhan/       Equity in a subsidiary         Saldo laba/Retained earnings           induk/Equity         Kepentingan
                                                                      Foreign exchange     Additional   restructuring transactions  equity transactions Hedge revaluation     resulting from restatement       Ditentukan       Tidak ditentukan      attributable to      nonpengendali
                                          Catatan/   Modal disetor/     difference on        paid-in         of entities under      with non-controlling    reserve - net           of consolidated          Penggunaannya      Penggunaannya            owners of         Non-controlling      Jumlah ekuitas/
                                           Notes     Capital stock      paid-in capital     capital          common control                interest        of deferred tax       financial statements         Appropriated       Unappropriated       the Company             interest           Total equity
                                                       Rp'000               Rp'000          Rp'000                 Rp'000                   Rp'000              Rp'000                   Rp'000                  Rp'000              Rp'000               Rp'000               Rp'000              Rp'000

Saldo per 1 Januari 2012/
  Balance as of January 1, 2012                        208.695.000           2.701.493     48.016.769               (86.324.612)          (22.760.236)         (2.290.531)                    (24.798.595)       41.739.000          24.114.106           189.092.394         101.003.636          290.096.030

Dividen/Dividends                               22          -                  -               -                   -                        -                    -                        -                         -                (7.037.799)            (7.037.799)        (47.030.138)         (54.067.937)

Selisih nilai transaksi ekuitas dengan
  kepemilikan nonpengendalDiffference in
  value of equity transactions with
  non-controlling interest                      20          -                  -               -                   -                      (14.133.029)           -                        -                         -                   -                  (14.133.029)            -                (14.133.029)

Selisih nilai transaksi restrukturisasi
  entitas sepengendali/Difference in value of
  restructuring transactions of entities
  under common control                                      -                  -               -                    (29.417.188)            -                    -                            24.798.595            -                 4.618.593              -                     -                   -

Jumlah pendapatan komprehensif
  Total comprehensive income                                -                  -                                   -                        -                  (2.197.573)                -                         -                63.871.138             61.673.565         72.547.517          134.221.082

Saldo per 30 September 2012/
  Balance as of September 30, 2012                     208.695.000           2.701.493     48.016.769              (115.741.800)          (36.893.265)         (4.488.104)                -                      41.739.000          85.566.038           229.595.131         126.521.015          356.116.146


Lihat catatan atas laporan keuangan konsolidasian yang merupakan                                                                                                                                                              See accompanying See accompanying notes to consolidated financial statements
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian.                                                                                                                                                            which are an integrawhich are an integral part of the consolidated financial stateme




                                                                                                                                                -7-
PT. CARDIG AERO SERVICES TBK                                                                                  PT. CARDIG AERO SERVICES TBK
DAN ENTITAS ANAK                                                                                                        AND ITS SUBSIDIARIES
LAPORAN ARUS KAS KONSOLIDASIAN                                                                     CONSOLIDATED STATEMENTS OF CASH FLOWS
UNTUK PERIODE SEMBILAN BULAN YANG BERAKHIR                                                               FOR THE NINE-MONTH PERIODS ENDED
30 SEPTEMBER 2013 DAN 2012 (TIDAK DIAUDIT)                                                            SEPTEMBER 30, 2013 AND 2012 UNAUDITED


                                                             2013               2012
                                                            Rp'000             Rp'000

                                                                                               CASH FLOWS FROM OPERATING
ARUS KAS DARI AKTIVITAS OPERASI                                                                   ACTIVITIES
Penerimaan kas dari pelanggan                              931.789.573       707.260.610       Cash received from customers
Pembayaran kas kepada pemasok dan karyawan                (681.052.749)     (553.134.585)      Cash paid to suppliers and employees
Kas dihasilkan dari operasi                                250.736.824       154.126.025       Cash generated from operations
Penerimaan pembayaran kembali STP                            3.984.552         1.059.795       STP refund received
Penerimaan bunga                                             3.355.409         3.106.248       Interest received
Pembayaran bunga dan biaya bank                            (16.031.792)       (8.820.839)      Interest paid and bank charges
Pembayaran pajak                                           (67.716.737)      (42.908.152)      Taxes paid

Arus Kas Bersih Diperoleh dari Aktivitas                                                       Net Cash Flows Provided by Operating
  Operasi                                                 174.328.256        106.563.077         Activities

                                                                                               CASH FLOWS FROM INVESTING
ARUS KAS DARI AKTIVITAS INVESTASI                                                                ACTIVITIES
Pembelian aset tetap                                       (39.183.180)       (21.223.274)     Acquisition of property and equipment
Investasi mandatory convertible bonds                           -             (14.132.763)     Investment in mandatory convertible bonds
Uang muka investasi                                           (195.580)            -           Advance for investment
Pengembalian uang muka investasi                               253.500          4.000.000      Refund of advance for investment
Hasil penjualan aset tetap                                     520.560            765.988      Proceeds from sale of property and equipment

Arus Kas Bersih Digunakan untuk Aktivitas                                                      Net Cash Flows Used in Investing
  Investasi                                                (38.604.700)       (30.590.049)       Activities

                                                                                               CASH FLOWS FROM FINANCING
ARUS KAS DARI AKTIVITAS PENDANAAN                                                                ACTIVITIES
Pembayaran dividen                                        (117.363.361)       (47.039.996)     Dividends payments
Pembayaran pinjaman bank                                   (28.609.314)       (21.433.908)     Payment of bank loan

Arus Kas Bersih Digunakan untuk Aktivitas Pendanaan       (145.972.675)       (68.473.904)     Net Cash Flows Used in Financing Activities

KENAIKAN BERSIH KAS DAN SETARA KAS                         (10.249.119)         7.499.124      NET INCREASE IN CASH AND CASH EQUIVALENTS

Pengaruh perubahan kurs mata uang asing                      1.046.524           (808.310)     Effect of foreign exchange rate changes

Kas dan setara kas kas entitas anak baru                       -                1.029.527      Cash and cash equivalents of new subsidiaries

SALDO KAS DAN SETARA KAS                                                                       CASH AND CASH EQUIVALENTS AT
  AWAL PERIODE                                            176.775.748        188.395.542        BEGINNING OF PERIOD

SALDO KAS DAN SETARA KAS                                                                       CASH AND CASH EQUIVALENTS AT
  AKHIR PERIODE                                           167.573.153        196.115.883        END OF PERIOD




Lihat catatan atas laporan keuangan konsolidasian yang merupakan           See accompanying notes to consolidated financial statements
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian.         which are an integral part of the consolidated financial statements.


                                                                             196.115.883
                                                                                     -




                                                                     -8-
PT. CARDIG AERO SERVICES TBK                                                                PT. CARDIG AERO SERVICES TBK
DAN ENTITAS ANAK                                                                                     AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN                               NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
PER 30 SEPTEMBER 2013 ( TIDAK DIAUDIT) DAN 31                       AS OF SEPTEMBER 30, 2013 (UNAUDITED) AND DECEMBER
DESEMBER 2012 (DIAUDIT) DAN UNTUK PERIODE SEMBILAN                    31, 2012 (AUDITED) AND FOR THE NINE-MONTH PERIODS
BULAN YANG BERAKHIR 30 SEPTEMBER 2013 DAN 2012                            ENDED SEPTEMBER 30, 2013 AND 2012 (UNAUDITED)
( TIDAK DIAUDIT)

1.   UMUM                                                           1.   GENERAL

     a.   Pendirian dan Informasi Umum                                   a.   Establishment and General Information

          PT. Cardig Aero Services Tbk (Perusahaan)                           PT. Cardig Aero Services Tbk (the Company)
          didirikan berdasarkan Akta No. 25 tanggal 16                        was established based on Notarial Deed No.
          Juli 2009 oleh Notaris Siti Pertiwi Henny                           25 dated July 16, 2009, of Notary Siti Pertiwi
          Singgih, S.H., di Jakarta. Akta Pendirian telah                     Henny Singgih, S.H., notary public in Jakarta.
          disahkan oleh Menteri Hukum dan Hak Asasi                           The Deed of Establishment was approved by
          Manusia Republik Indonesia dalam Surat                              the Ministry of Law and Human Rights of the
          Keputusan No. AHU-34028.AH.01.01.Tahun                              Republic of Indonesia by the Decision Letter
          2009 tanggal 21 Juli 2009, dan telah                                No. AHU-34028.AH.01.01.Tahun 2009 dated
          diumumkan dalam Lembaran Berita Negara No.                          July 21, 2009, which has been published in the
          62 tanggal 3 Agustus 2010 dengan Tambahan                           State Gazette No. 62, dated August 3, 2010
          Berita Negara No. 7168 Tahun 2010.                                  and Additional State Gazette No. 7168, Tahun
                                                                              2010.
          Anggaran Dasar Perusahaan telah beberapa                            The Company’s Articles of Association have
          kali mengalami perubahan dan terakhir                               been amended several times most recently
          berdasarkan Akta No. 35, tanggal 26 Juli 2011                       based on deed No. 35 dated July 26, 2011, of
          dari Fathiah Helmi, SH., notaris di Jakarta untuk                   Fathiah Helmi, SH., notary in Jakarta, to
          disesuaikan dengan Peraturan OJK, antara lain                       conform with the OJK Regulation, including the
          mengenai      perubahan       status     menjadi                    change in the Company’s status from non
          Perusahaan Terbuka, perubahan nilai nominal                         listed Company to listed Company, change in
          saham, penerbitan saham dan perubahan                               the nominal value, issuance of shares and
          susunan komisaris dan direksi. Akta perubahan                       changes in composition of Board of Directors
          ini telah disetujui dan diterima oleh Menteri                       and Commissioners. These amendments have
          Hukum dan Hak Asasi Manusia Republik                                been approved and accepted by the Minister
          Indonesia dengan Surat Keputusan No. AHU-                           of Law and Human Rights of Republic
          39264.AH.01.02.Tahun 2011 tanggal 3 Agustus                         Indonesia in his decision letter No. AHU-
          2011.                                                               39264.AH.01.02.Tahun 2011, dated August 3,
                                                                              2011.
          Perusahaan bergerak di bidang perdagangan,                          The Company’s activities are mainly to engage
          keagenan, perwakilan, jasa, angkutan, dan                           in trading, agency, representatives, services,
          industri. Perusahaan mulai beroperasi secara                        transportation, and industry. The Company
          komersil tahun 2010.                                                started commercial operations in 2010.
          Perusahaan berkedudukan di Menara Cardig,                           The Company is located at Menara Cardig,
          JI. Raya Halim Perdanakusuma, Jakarta Timur.                        JI. Raya Halim Perdanakusuma, East Jakarta.
          Perusahaan tergabung dalam kelompok usaha                           The Company belongs to a group of
          (grup) PT. Cardig International (CI). Dewan                         companies owned by PT. Cardig International
          Komisaris dan Direksi Perusahaan per                                (CI). The Company’s Board of Commissioners
          30 September 2013 dan 31 Desember 2012                              and Directors as of September 30, 2013 and
          adalah sebagai berikut:                                             December 31, 2012 are as follows:
                                       30 September 2013 dan 31 Desember 2012/
                                       September 30, 2013 and December 31, 2012
          Dewan Komisaris                                                                  Board of Commissioners

          Presiden Komisaris      :                Jusman Syafii Djamal                  : President Commissioner

          Komisaris               :              Hasiyana Syarain Ashadi                 : Commissioners
                                               Cheong Tuck Kuen Kenneth
                                                    Adji Gunawan

          Komisaris Independen :                       Simon Halim                       : Independent Commissioner




                                                              -9-
PT. CARDIG AERO SERVICES TBK                                                                                                    PT. CARDIG AERO SERVICES TBK
DAN ENTITAS ANAK                                                                                                                         AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN                                                                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
PER 30 SEPTEMBER 2013 (TIDAK DIAUDIT) DAN 31 DESEMBER                                                   AS OF SEPTEMBER 30, 2013 (UNAUDITED) AND DECEMBER
2012 (DIAUDIT) DAN UNTUK PERIODE SEMBILAN BULAN YANG                                                      31, 2012 (AUDITED) AND FOR THE NINE-MONTH PERIODS
BERAKHIR 30 SEPTEMBER 2013 DAN 2012 (TIDAK DIAUDIT) -                                                        ENDED SEPTEMBER 30, 2013 AND 2012 (UNAUDITED) -
Lanjutan                                                                                                                                             Continued


                                                          30 September 2013 dan 31 Desember 2012/
                                                          September 30, 2013 and December 31, 2012
                  Direksi                                                                                                                                      Board of Directors
             Presiden Direktur                   :                              Nurhadijono Nurjadin                                                   :        President Director
        Wakil Presiden Direktur :                                                  Radianto Kusumo                                                     : Vice President Director
                     Direktur                    :                        Raden Ajeng Widianawati *)                                                   :               Director
        Direktur tidak Terafiliasi :                                           Adhi Cahyono Nugroho                                                    :       Unaffiliated Director

                Komite Audit                                                                                                                                   Audit Committee
                       Ketua                     :                                      Simon Halim                                                    :              Chairman
                     Anggota                     :                                      Agus Kretarto                                                  :              Members
                                                                               Teuku Radja Sjahnan


        *)    Menjabat sebagai                        Corporate          Secretary                                         *) Serves as the Corporate Secretary.
              Perusahaan.

        Pada tanggal 30 September 2013 dan 31                                                                              As of September 30, 2013 and December 31,
        Desember 2012, jumlah karyawan tetap                                                                               2012, the Company and its subsidiaries (“the
        Perusahaan dan entitas anak (“Grup”) masing-                                                                       Group”) had a total of 2,394 and 2,271
        masing sebanyak 2.394 dan 2.271 karyawan.                                                                          employees, respectively.

   b.   Entitas Anak                                                                                               b.      Consolidated Subsidiaries

        Pada tanggal 30 September 2013 dan 31                                                                              As of September 30, 2013 and December 31,
        Desember 2012, Perusahaan mempunyai lebih                                                                          2012, the Company has more than 50% direct
        dari 50% kepemilikan secara langsung dan                                                                           and indirect ownerships in the following
        tidak langsung pada entitas anak berikut:                                                                          subsidiaries:

                                                                                                                                                                         Jumlah aset/Total assets
                                                                                                       Tahun operasi              Persentase kepemilikan/          (Sebelum eliminasi/Before elimination )
                                                                                                          komersial/              Percentage of ownership        30 September 2013/ 31 Desember 2012/
                   Entitas anak/             Domisili/                Jenis usaha/                   Start of commercial    30 Sep 2013/        31 Des 2012/     September 30, 2013 December 31, 2012
                   Subsidiaries              Domicile              Nature of business                     operation         Sept 30, 2013       Dec 31, 2012                           (Diaudit/Audited)
                                                                                                                                                                       Rp'000               Rp'000
        PT. Jasa Angkasa Semesta Tbk        Jakarta      Jasa penunjang angkutan udara/
         (JAS)                                           Ground handling services of airplanes              1984               50,10%             50,10%               335.206.373           346.738.318
        PT. JAS Aero Engineering Services   Jakarta      Jasa perbengkelan pesawat udara/
          (JAE)                                          Aircraft release and maintenance services          2003               51,00%             51,00%                84.955.405            66.470.126
        PT Cardig Anugra Sarana Bersama
        (CASB)                              Jakarta      Facility management                                2011              100,00%            100,00%                 8.945.250              6.526.906
        PT. Cipta Anugrah Sarana Catering
          (CASC)                            Jakarta      Jasa boga/Catering services                        2011              100,00%            100,00%               119.153.601            98.168.210
        PT. Cardig Aero Sarana Dirgantara   Jakarta      Jasa pengelolaan bandara udara/
          (CASD)                                         Airport management services                       2.013              100,00%            100,00%                 2.400.000              2.400.000
        PT. Purantara Mitra Angkasa Dua
          (PMAD)                            Jakarta     Jasa boga/Catering services                         2001               97,92%             69,65%                51.242.560            33.711.253
        Anugrah Gemilang Pte Ltd            Singapura/
         (AG)                                 Singapore Investasi/Investment                                  -               100,00%            100,00%                21.538.346            19.053.593




        PT. Cardig Aero Sarana Dirgantara                                                                                  PT. Cardig Aero Sarana Dirgantara

        Pada tanggal 14 Agustus 2012, Perusahaan                                                                           On August 14, 2012, the Company established
        mendirikan PT. Cardig Aero Sarana Dirgantara                                                                       PT. Cardig Aero Sarana Dirgantara (CASD).
        (CASD). Perusahaan memiliki 2.399 saham dari                                                                       The Company owns 2,399 shares of CASD
        CASD sedangkan 1 saham yang tersisa dimiliki                                                                       while the remaining 1 share is owned by
        oleh PT. Cardig Anugra Sarana Bersama.                                                                             PT. Cardig Anugra Sarana Bersama.




                                                                                           - 10 -
PT. CARDIG AERO SERVICES TBK                                                               PT. CARDIG AERO SERVICES TBK
DAN ENTITAS ANAK                                                                                    AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN                              NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
PER 30 SEPTEMBER 2013 (TIDAK DIAUDIT) DAN 31 DESEMBER              AS OF SEPTEMBER 30, 2013 (UNAUDITED) AND DECEMBER
2012 (DIAUDIT) DAN UNTUK PERIODE SEMBILAN BULAN YANG                 31, 2012 (AUDITED) AND FOR THE NINE-MONTH PERIODS
BERAKHIR 30 SEPTEMBER 2013 DAN 2012 (TIDAK DIAUDIT) -                   ENDED SEPTEMBER 30, 2013 AND 2012 (UNAUDITED) -
Lanjutan                                                                                                        Continued


       PT. Purantara Mitra Angkasa Dua                                     PT. Purantara Mitra Angkasa Dua

       Pada tanggal 19 Juli 2012, Perusahaan                               On July 19, 2012, the Company acquired
       mengakuisisi PT. Purantara Mitra Angkasa Dua                        PT. Purantara Mitra Angkasa Dua (PMAD).
       (PMAD). Perusahaan memiliki 2.500.000 saham                         The Company owns 2,500,000 C series
       seri C atau 69,65% kepentingan pengendalian                         shares or 69.65% ownership interest while the
       sedangkan saham yang tersisa (termasuk                              remaining shares (including the series A, B
       saham seri A, B dan C) dimiliki oleh PT Cardig                      and C shares) are owned by PT. Cardig
       International, PT. Purantara Mitra Angkasa,                         International, PT. Purantara Mitra Angkasa,
       PT. Angkasa Pura II dan Devro Group Limited.                        PT. Angkasa Pura II and Devro Group Limited.

       Saham Seri A, B dan C di PMAD yang dimiliki                         The A, B and C series shares in PMAD owned
       oleh PT Cardig International entitas induk utama                    by PT. Cardig International, the ultimate parent
       Perusahaan dan PMAD, akan dijual dan                                company of both the Company and PMAD, will
       dialihkan kepada Perusahaan pada tanggal                            be sold and transferred to the Company upon
       pelaksanaan      call     option       agreement                    its exercise of the call option agreement
       (Catatan 31c).                                                      (Note 31c).

       Pada tanggal 3 Juli 2013, Perusahaan                                On July 3, 2013, the Company injected
       melakukan penambahan setoran modal kepada                           additional capital to PMAD through conversion
       PMAD melalui konversi promissory notes milik                        of promissory notes which is issued by CI
       Cardig International yang dimiliki Perusahaan                       owned by the Company amounting to Rp
       sebesar Rp 10.000.000.000 (Catatan 32)                              10,000,000,000 (Note 32) with 4,790 shares of
       dengan 4.790 lembar saham seri A, 9.588                             A series, 9,588 shares of B series and
       lembar saham seri B dan 1.000.000 lembar                            1,000,000 shares of C series. Therefor, the
       saham seri C. Dengan demikian Perusahaan                            Company owned 97.92% of shares in PMAD.
       memiliki 97,92 % saham PMAD.

       Transaksi ini diperlakukan sebagai kombinasi                        This transaction was accounted for           as
       bisnis dalam pengendali yang sama.                                  common control business combinations.

       Anugrah Gemilang Pte Ltd                                            Anugrah Gemilang Pte Ltd
       Pada tanggal 28 September 2012, Perusahaan                          On September 28, 2012, the Company
       mengakuisisi Anugrah Gemilang Pte Ltd (AG)                          acquired Anugrah Gemilang Pte Ltd (AG)
       melalui konversi mandatory convertible bonds                        through the conversion of the Mandatory
       yang diterbitkan oleh AG kepada Perusahaan.                         Convertible Bonds issued by AG to the
       Perusahaan      memiliki  2.708.886    saham                        Company. The Company owns 2,708,886
       sedangkan 1 saham yang tersisa dimiliki oleh                        shares while the remaining 1 share is owned
       Harun Kussuwhardono.                                                by Harun Kussuwardono.

       PT. Jasa Angkasa Semesta Tbk                                        PT. Jasa Angkasa Semesta Tbk
       Pada tanggal 26 April 2010, Perusahaan                              On April 26, 2010, the Company acquired
       mengakuisisi PT. Jasa Angkasa Semesta Tbk                           258,433,590 shares of PT. Jasa Angkasa
       sebesar 258.433.590 saham atau sebesar                              Semesta Tbk. The Company owns 50,10%
       50,10% kepentingan saham dari PT. Cardig                            ownership     interest  from    PT. Cardig
       International dengan nilai buku dan nilai beli                      International with book value and purchase
       sebsar        Rp     79.134.664.729       dan                       price amounting to Rp 79,134,664,729 and
       Rp 161.540.900.000.                                                 Rp 161,540,900,000, respectively.
       PT. JAS Aero-Engineering                                            PT. JAS Aero-Engineering

       Pada tanggal 20 Agustus 2009, Perusahaan                            On 20 August, 2009, the Company acquired
       mengakuisisi PT. JAS Aero-Engineering (JAE).                        2,200,000 shares of PT. JAS Aero-
       Perusahaan memiliki 2.200.000 saham atau                            Engineering (JAE). The Company owns 51%
       sebesar 51% kepentingan saham dari                                  ownership     interest  from     PT. Cardig
       PT. Cardig International dengan nilai buku dan                      International with book value and purchase
       nilai beli sebesar Rp 27.057.923.281 dan                            price amounting to Rp 27,057,923,281 and
       Rp 30.976.300.000.                                                  Rp 30,976,300,000, respectively.



                                                          - 11 -
PT. CARDIG AERO SERVICES TBK                                                                PT. CARDIG AERO SERVICES TBK
DAN ENTITAS ANAK                                                                                     AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN                               NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
PER 30 SEPTEMBER 2013 (TIDAK DIAUDIT) DAN 31 DESEMBER               AS OF SEPTEMBER 30, 2013 (UNAUDITED) AND DECEMBER
2012 (DIAUDIT) DAN UNTUK PERIODE SEMBILAN BULAN YANG                  31, 2012 (AUDITED) AND FOR THE NINE-MONTH PERIODS
BERAKHIR 30 SEPTEMBER 2013 DAN 2012 (TIDAK DIAUDIT) -                    ENDED SEPTEMBER 30, 2013 AND 2012 (UNAUDITED) -
Lanjutan                                                                                                         Continued




       PT. Cardig Anugra Sarana Bersama                                     PT. Cardig Anugra Sarana Bersama

       Pada tanggal 17 Pebruari 2011, Perusahaan                            On February 17, 2011, the Company with
       dengan PT. Cardig Logistics Indonesia (CLI),                         PT. Cardig Logistics Indonesia (CLI), a fellow
       salah satu entitas anak dari Cardig International                    subsidiary under Cardig International Group,
       Group,     mendirikan      PT.  Citra    Anugra                      established PT. Citra Anugra Saranaboga
       Saranaboga (CASB). Perusahaan memiliki                               (CASB). The Company owns 504,999 shares
       504.999 saham sedangkan 1 saham yang                                 while the remaining 1 share is owned by CLI.
       tersisa dimiliki oleh CLI.

       Pada tanggal 13 September 2012, Perusahaan                           On September 13, 2012, the Company
       melakukan penambahan setoran modal kepada                            injected additional capital to CASB and CASB
       CASB dan CASB merubah nama menjadi                                   changed its name to PT. Cardig Anugra
       PT.   Cardig   Anugra    Sarana   Bersama.                           Sarana Bersama. The additional capital and
       Penambahan modal dan perubahan nama                                  changed in name of CASB have been
       CASB telah disahkan oleh Menteri Hukum dan                           approved by the Ministry of Law and Human
       Hak Asasi Manusia Republik Indonesia dalam                           Rights of the Republic of Indonesia by the
       Surat       Keputusan       No.       AHU-                           Decision         Letter         No.     AHU-
       50925.AH.01.02.Tahun 2012 tanggal 1 Oktober                          50925.AH.01.02.Tahun 2012 dated October 1,
       2012.                                                                2012.

       Pada tanggal 30 Nopember 2012, Perusahaan                            On November 30, 2012, the Company further
       melakukan penambahan setoran modal kepada                            injected additional capital to CASB which has
       CASB dan telah disahkan oleh Menteri Hukum                           been approved by the Ministry of Law and
       dan Hak Asasi Manusia Republik Indonesia                             Human Rights of the Republic of Indonesia by
       dalam Surat Keputusan No. AHU-AH.01.10-                              the Decision Letter No. AHU-AH.01.10-02270
       02270 tanggal 29 Januari 2013. Pada tanggal                          dated January 29, 2013. As of September 30,
       30 September 2013, Perusahaan memiliki                               2013, the Company owns 6,004,999 shares
       6.004.999 saham sedangkan 1 saham tersisa                            while the remaining 1 share is owned by CLI.
       dimiliki oleh CLI.

       PT.    Cipta    Anugrah      Sarana     Catering                     PT. Cipta Anugrah Sarana Catering (Note 20)
       (Catatan 20)

       Pada tanggal 25 April 2011, Perusahaan                               On April 25, 2011, the Company with Anugrah
       dengan Anugrah Gemilang Pte Ltd (AG),                                Gemilang Pte Ltd (AG), established CASC
       mendirikan   CASC,    dengan    kepemilikan                          with the Company owning 102,000 shares or
       perusahaan 102.000 saham atau 51%                                    51% ownership interest and AG owning
       kepemilikan, sedangkan AG memiliki 98.000                            98,000 shares or 49% ownership interest. As
       saham atau 49% kepemilikan. Pada tanggal 31                          of December 31, 2011, the Company owns
       Desember     2011,   Perusahaan     memiliki                         2,295,000 shares or 51% ownership interest
       2.295.000 saham atau 51% kepemilikan                                 and AG owns 2,205,000 shares or 49%
       sedangkan AG memiliki 2.205.000 saham atau                           ownership interest.
       49% kepemilikan.

       Pada tanggal 12 April 2012, Perusahaan                               On April 12, 2012, the Company injected
       melakukan penambahan setoran modal kepada                            additional  capital   to   CASC.      As  of
       CASC. Pada tanggal 30 September 2013 dan                             September 30, 2013 and December 31, 2012,
       31 Desember 2012, Perusahaan memiliki                                the Company owns 4,689,757 shares or 68%
       4.689.757 saham atau 68% kepemilikan                                 ownership interest, while AG owns 2,205,000
       sedangkan AG memiliki 2.205.000 saham atau                           shares or 32% ownership interest. CASC is
       32% kepemilikan. Dengan demikian secara                              therefore 100% directly and indirectly owned
       langsung dan tidak langsung CASC 100%                                by the Company.
       dimiliki oleh Perusahaan.




                                                           - 12 -
PT. CARDIG AERO SERVICES TBK                                                                   PT. CARDIG AERO SERVICES TBK
DAN ENTITAS ANAK                                                                                        AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN                                  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
PER 30 SEPTEMBER 2013 (TIDAK DIAUDIT) DAN 31 DESEMBER                  AS OF SEPTEMBER 30, 2013 (UNAUDITED) AND DECEMBER
2012 (DIAUDIT) DAN UNTUK PERIODE SEMBILAN BULAN YANG                     31, 2012 (AUDITED) AND FOR THE NINE-MONTH PERIODS
BERAKHIR 30 SEPTEMBER 2013 DAN 2012 (TIDAK DIAUDIT) -                       ENDED SEPTEMBER 30, 2013 AND 2012 (UNAUDITED) -
Lanjutan                                                                                                            Continued


     c.   Penawaran Umum Efek Perusahaan                                    c.   Public Offering of Shares of the Company

          Pada tanggal 22 Nopember 2011, Perusahaan                              On November 22, 2011, the Company
          memperoleh surat pernyataan efektif dari Badan                         obtained the Notice of Effectivity from the
          Pengawas Pasar Modal dan Lembaga                                       Capital Market and Financial Institutions
          Keuangan (BAPEPAM-LK) melalui Surat No. S-                             Supervisory Board (BAPEPAM-LK) in its Letter
          12603/BL/2011 untuk penawaran umum                                     No. S-12603/BL/2011 for its public offering of
          perdana atas 313.030.000 saham Perusahaan                              313,030,000 shares. On December 5, 2011,
          kepada masyarakat. Saham tersebut telah                                these shares were listed on the Indonesia
          dicatatkan pada Bursa Efek Indonesia pada                              Stock Exchange.
          tanggal 5 Desember 2011.

          Seluruh    saham    Perusahaan    sejumlah                             All   of   the  Company’s    2,086,950,000
          2.086.950.000 saham telah dicatatkan pada                              outstanding shares have been listed on the
          Bursa    Efek   Indonesia   pada    tanggal                            Indonesia Stock Exchange as of September
          30 September 2013 dan 31 Desember 2012                                 30, 2013 and December 31, 2012 (Note 16).
          (Catatan 16).


2.   PENERAPAN       STANDAR   AKUNTANSI                               2.   ADOPTION   OF    NEW    AND     REVISED
     KEUANGAN BARU DAN REVISI (PSAK) DAN                                    STATEMENTS OF FINANCIAL ACCOUNTING
     INTERPRETASI     STANDAR  AKUNTANSI                                    STANDARDS          (“PSAK”)         AND
     KEUANGAN (ISAK)                                                        INTERPRETATIONS OF PSAK (“ISAK”)

     a. Standar yang berlaku efektif pada periode                           a.   Standards effective in the current period
        berjalan

          Dalam periode berjalan, Grup telah menerapkan                          In the current period, the Group has adopted
          semua standar baru dan revisi serta interpretasi                       all of the new and revised standards and
          yang dikeluarkan oleh Dewan Standar                                    interpretations issued by the Financial
          Akuntansi Keuangan dari Ikatan Akuntan                                 Accounting Standards Board of the Indonesian
          Indonesia yang relevan dengan operasinya dan                           Institute of Accountants that are relevant to its
          efektif untuk periode akuntansi yang dimulai                           operations and effective for accounting periods
          pada tanggal 1 Januari 2013.                                           beginning on January 1, 2013.

          Berikut ini standar baru dan standar revisi serta                      The following new and revised standards and
          interpretasi yang diterapkan dalam laporan                             interpretations have also been adopted in
          keuangan konsolidasian. Penerapan ini tidak                            these consolidated financial statements. Their
          memiliki pengaruh yang signifikan atas jumlah                          adoption has not had any significant impact on
          yang dilaporkan dalam laporan keuangan                                 the amounts reported in these consolidated
          konsolidasian tetapi mempengaruhi akuntansi                            financial statements but may impact the
          untuk transaksi masa depan:                                            accounting     for  future   transactions   or
                                                                                 arrangements:

             PSAK 38 (revisi 2012), Kombinasi Bisnis                                PSAK 38 (revised 2012), Business
              Entitas Sepengendali                                                    Combination Under Common Control
             Penyesuaian atas PSAK 60, Instrumen                                    Amendment to PSAK 60, Financial
              Keuangan: Pengungkapan                                                  Instruments: Disclosures




                                                              - 13 -
PT. CARDIG AERO SERVICES TBK                                                                     PT. CARDIG AERO SERVICES TBK
DAN ENTITAS ANAK                                                                                          AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN                                    NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
PER 30 SEPTEMBER 2013 (TIDAK DIAUDIT) DAN 31 DESEMBER                    AS OF SEPTEMBER 30, 2013 (UNAUDITED) AND DECEMBER
2012 (DIAUDIT) DAN UNTUK PERIODE SEMBILAN BULAN YANG                       31, 2012 (AUDITED) AND FOR THE NINE-MONTH PERIODS
BERAKHIR 30 SEPTEMBER 2013 DAN 2012 (TIDAK DIAUDIT) -                         ENDED SEPTEMBER 30, 2013 AND 2012 (UNAUDITED) -
Lanjutan                                                                                                              Continued


     b.   Standar yang telah diterbitkan namun belum                          b.    Standards issued not yet effective
          berlaku efektif

          Efektif untuk periode yang dimulai pada atau                              Effective for periods beginning on or after
          setelah 1 Januari 2014                                                    January 1, 2014

                ISAK 27, Pengalihan Aset dari Pelanggan                                 ISAK 27, Transfer of Assets from
                                                                                          Customers
                ISAK 28, Pengakhiran Liabilitas Keuangan                                ISAK 28, Extinguising Financial Liabilities
                 dengan Instrumen Ekuitas                                                 with Equity Instruments
                ISAK 29, Biaya Pengupasan Lapisan                                       ISAK 29, Stripping Cost in Production
                 Tanah      Tahap      Produksi      pada                                 Phase of a Surface Mine
                 Pertambangan Terbuka
                PPSAK 12, Pencabutan PSAK 33: Aktivitas                                 PPSAK 12, Withdrawal of PSAK 33:
                 Pengupasan     Lapisan     Tanah     dan                                 Stripping   Costs    Activities   and
                 Pengelolaan Lingkungan Hidup Pada                                        Environmental Management in the Public
                 Pertambangan Umum                                                        Mining

          Manajemen telah menetapkan bahwa standar                                  Management has determined that these
          tersebut tidak berdampak signifikan pada                                  standards had no significant impact on the
          laporan keuangan, tetapi mungkin berdampak                                financial statements, but may impact the
          pada akuntansi dan pengungkapan untuk                                     accounting and disclosures for future
          pengaturan dan transaksi di masa yang akan                                transactions and arrangements.
          datang.


3.   IKHTISAR KEBIJAKAN AKUNTANSI PENTING                                3.    SUMMARY OF SIGNIFICANT ACCOUNTING
                                                                               POLICIES

     a.       Pernyataan Kepatuhan                                             a.       Statement of Compliance

              Laporan keuangan konsolidasian disusun                                    The consolidated financial statements have
              sesuai dengan Standar Akuntansi Keuangan                                  been    prepared      in   accordance    with
              di Indonesia. Laporan keuangan tersebut tidak                             Indonesian Financial Accounting Standards.
              dimaksudkan      untuk     menyajikan posisi                              These financial statements are not intended
              keuangan, hasil operasi dan arus kas sesuai                               to present the financial position, results of
              dengan prinsip akuntansi dan praktik                                      operations and cash flows in accordance
              pelaporan yang diterima secara umum di                                    with accounting principles and reporting
              negara dan yurisdiksi lain.                                               practices generally accepted in other
                                                                                        countries and jurisdictions.

     b.       Penyajian         Laporan          Keuangan                      b.       Consolidated       Financial      Statement
              Konsolidasian                                                             Presentation
              Dasar      penyusunan      laporan   keuangan                             The consolidated financial statements,
              konsolidasian, kecuali untuk laporan arus kas                             except for the consolidated statements of
              konsolidasian adalah dasar akrual. Mata uang                              cash flows, are prepared under the accrual
              pelaporan yang digunakan untuk penyusunan                                 basis of accounting. The presentation
              laporan keuangan konsolidasi adalah mata                                  currency used in the preparation of the
              uang Rupiah (Rp), dan laporan keuangan                                    consolidated financial statements is the
              konsolidasian tersebut disusun berdasarkan                                Indonesian    Rupiah      (Rp), while  the
              nilai historis, kecuali beberapa akun tertentu                            measurement basis is the historical cost,
              disusun      berdasarkan     pengukuran    lain                           except for certain accounts which are
              sebagaimana diuraikan dalam kebijakan                                     measured on the basis described in the
              akuntansi masing-masing akun tersebut.                                    related accounting policies.

              Laporan arus kas konsolidasian disusun                                    The consolidated statements of cash flows
              dengan menggunakan metode langsung                                        are prepared using the direct method with
              dengan pengelompokan arus kas dalam                                       classifications of cash flows into operating,
              aktivitas operasi, investasi dan pendanaan.                               investing and financing activities.




                                                                - 14 -
PT. CARDIG AERO SERVICES TBK                                                                    PT. CARDIG AERO SERVICES TBK
DAN ENTITAS ANAK                                                                                         AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN                                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
PER 30 SEPTEMBER 2013 (TIDAK DIAUDIT) DAN 31 DESEMBER                   AS OF SEPTEMBER 30, 2013 (UNAUDITED) AND DECEMBER
2012 (DIAUDIT) DAN UNTUK PERIODE SEMBILAN BULAN YANG                      31, 2012 (AUDITED) AND FOR THE NINE-MONTH PERIODS
BERAKHIR 30 SEPTEMBER 2013 DAN 2012 (TIDAK DIAUDIT) -                        ENDED SEPTEMBER 30, 2013 AND 2012 (UNAUDITED) -
Lanjutan                                                                                                             Continued


    c.   Prinsip Konsolidasian                                               c.   Principles of Consolidation

         Laporan        keuangan         konsolidasian                            The consolidated financial statements
         menggabungkan         laporan      keuangan                              incorporate the financial statements of the
         Perusahaan dan entitas yang dikendalikan                                 Company and entities controlled by the
         oleh      Perusahaan      (entitas     anak).                            Company (its subsidiaries). Control is
         Pengendalian     dianggap     ada     apabila                            achieved where the Company has the power
         Perusahaan mempunyai hak untuk mengatur                                  to govern the financial and operating policies
         kebijakan keuangan dan operasional suatu                                 of an entity so as to obtain benefits from its
         entitas untuk memperoleh manfaat dari                                    activities.
         aktivitasnya.

         Penghasilan dan beban entitas anak yang                                  The results of subsidiaries acquired or
         diakuisisi atau penjualan selama tahun                                   disposed of during the year are included in
         berjalan termasuk dalam laporan laba rugi                                the      consolidated       statement    of
         komprehensif konsolidasian sejak tanggal                                 comprehensive income from the effective
         efektif akuisisi dan sampai dengan tanggal                               date of acquisition and up to the effective
         efektif penjualan.                                                       date of disposal, as appropriate.

         Jika diperlukan, penyesuaian dapat dilakukan                             When necessary, adjustments were made to
         terhadap laporan keuangan entitas anak agar                              the financial statements of subsidiaries to
         kebijakan akuntansi yang digunakan sesuai                                bring their accounting policies in line with
         dengan kebijakan akuntansi yang digunakan                                those used by other members of the Group.
         oleh Grup.

         Kepentingan nonpengendali pada entitas                                   Non-controlling interests in subsidiaries are
         anak diidentifikasi secara terpisah dan                                  identified separately and presented within
         disajikan     dalam     ekuitas.     Kepentingan                         equity. The interest of non-controlling
         nonpengendali pemegang saham mungkin                                     shareholders maybe initially measured either
         awalnya diukur pada nilai wajar atau pada                                at fair value or at the non-controlling
         bagian pemilikan kepentingan nonpengendali                               interests’ proportionate share of the fair
         dari nilai wajar aset bersih yang dapat                                  value of the acquiree’s identifiable net asset.
         diidentifikasi dari pihak yang diakuisisi. Pilihan                       The choice of measurement is made on
         pengukuran dilakukan pada akuisisi dengan                                acquisition by acquisition basis. Subsequent
         dasar akuisisi. Setelah akuisisi, jumlah                                 to acquisition, the carrying amount of non-
         tercatat kepentingan nonpengendali adalah                                controlling interests is the amount of those
         jumlah kepemilikan pada pengakuan awal                                   interests at initial recognition plus non-
         ditambah bagian kepentingan nonpengendali                                controlling interests’ share of subsequent
         dari perubahan selanjutnya dalam ekuitas.                                changes in equity. Total comprehensive
         Jumlah pendapatan komprehensif entitas                                   income of subsidiaries is attributed to the
         anak tersebut diatribusikan kepada pemilik                               owners of the Company and to the non-
         Perusahaan         dan     pada      kepentingan                         controlling interests even if this results in the
         nonpengendali        bahkan     jika    hal     ini                      non-controlling interests having deficit
         mengakibatkan kepentingan nonpengendali                                  balance.
         mempunyai saldo defisit.

         Perubahan dalam bagian kepemilikan Grup                                  Changes in the Group’s interests in existing
         pada entitas anak yang tidak mengakibatkan                               subsidiaries that do not result in a loss of
         hilangnya pengendalian dicatat sebagai                                   control are accounted for as equity
         transaksi ekuitas. Nilai tercatat kepentingan                            transactions. The carrying amounts of the
         Grup     dan    kepentingan      nonpengendali                           Group’s interests and the non-controlling
         disesuaikan untuk mencerminkan perubahan                                 interests are adjusted to reflect the changes
         bagian kepemilikannya atas entitas anak.                                 in their relative interests in the subsidiaries.
         Setiap perbedaan antara jumlah kepentingan                               Any difference between the amount by which
         nonpengendali disesuaikan dan nilai wajar                                the non-controlling interests are adjusted
         imbalan yang diberikan atau diterima diakui                              and the fair value of the consideration paid
         secara langsung dalam ekuitas dan                                        or received is recognised directly in equity
         diatribusikan pada pemilik entitas induk.                                and attributed to owners of the Company.
         Ketika Grup kehilangan pengendalian atas                                 When the Group loses control of a



                                                               - 15 -
PT. CARDIG AERO SERVICES TBK                                                                   PT. CARDIG AERO SERVICES TBK
DAN ENTITAS ANAK                                                                                        AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN                                  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
PER 30 SEPTEMBER 2013 (TIDAK DIAUDIT) DAN 31 DESEMBER                  AS OF SEPTEMBER 30, 2013 (UNAUDITED) AND DECEMBER
2012 (DIAUDIT) DAN UNTUK PERIODE SEMBILAN BULAN YANG                     31, 2012 (AUDITED) AND FOR THE NINE-MONTH PERIODS
BERAKHIR 30 SEPTEMBER 2013 DAN 2012 (TIDAK DIAUDIT) -                       ENDED SEPTEMBER 30, 2013 AND 2012 (UNAUDITED) -
Lanjutan                                                                                                            Continued


         entitas anak, keuntungan dan kerugian diakui                            subsidiary, a gain or loss is recognized in
         didalam      laba rugi dan dihitung sebagai                             profit or loss and is calculated as the
         perbedaan antara (i) keseluruhan nilai wajar                            difference between (i) the aggregate of the
         yang diterima dan nilai wajar dari setiap sisa                          fair value of the consideration received and
         investasi dan (ii) nilai tercatat sebelumnya dari                       the fair value of any retained interest and (ii)
         aset (termasuk goodwill) dan liabilitas dari                            the previous carrying amount of the assets
         entitas anak dan setiap kepentingan                                     (including goodwill), and liabilities of the
         nonpengendali. Ketika aset dari entitas anak                            subsidiary and any non-controlling interest.
         dinyatakan sebesar nilai revaluasi atau nilai                           When assets of the subsidiary are carried at
         wajar dan akumulasi keuntungan atau                                     revalued amount or fair values and the
         kerugian      yang     telah     diakui    sebagai                      related cumulative gain or loss has been
         pendapatan komprehensif             lainnya dan                         recognized in other comprehensive income
         terakumulasi dalam ekuitas, jumlah yang                                 and accumulated in equity, the amounts
         sebelumnya diakui sebagai pendapatan                                    previously        recognized      in      other
         komprehensif lainnya dan akumulasi ekuitas                              comprehensive income and accumulated in
         dicatat seolah-olah Grup telah melepas                                  equity are accounted for as if the Group had
         secara langsung aset yang relevan (yaitu                                directly disposed of the relevant assets (i.e.
         direklasifikasi ke laba rugi atau ditransfer                            reclassified to profit or loss or transferred
         langsung ke saldo laba sebagaimana                                      directly to retained earnings as specified by
         ditentukan oleh PSAK yang berlaku).Nilai                                applicable accounting standards). The fair
         wajar setiap sisa investasi pada entitas anak                           value of any investment retained in the
         terdahulu       pada        tanggal      hilangnya                      former subsidiary at the date when control is
         pengendalian dianggap sebagai nilai wajar                               lost is regarded as the fair value on initial
         pada saat pengakuan awal aset keuangan                                  recognition for subsequent accounting under
         sesuai dengan PSAK 55 (revisi 2011),                                    PSAK 55 (revised 2011), Financial
         Instrumen      Keuangan:       Pengakuan       dan                      Instruments: Recognition and Measurement
         Pengukuran atau, jika sesuai, biaya perolehan                           or, when applicable, the cost on initial
         saat pengakuan awal investasi pada entitas                              recognition of an investment in an associate
         asosiasi atau pengendalian bersama entitas.                             or a jointly controlled entity.

    d.   Kombinasi      Bisnis    Pengendalian       yang                   d.   Common Control Business Combinations
         Sama

         Kombinasi bisnis atas perusahaan yang                                   Merger of entities under common control is a
         berada dibawah pengendalian yang sama                                   restructuring transaction between entities
         merupakan transaksi restrukturisasi entitas                             under common control. Assets and liabilities
         sepengendali. Aset dan liabilitas yang                                  transferred were recorded at net book value,
         pemilikannya dialihkan dicatat sesuai dengan                            similar to merger accounted for using pooling
         nilai   buku      seperti    kombinasi   bisnis                         of interests method. The difference between
         berdasarkan metode penyatuan kepemilikan.                               the acquisition cost and the Company’s
         Selisih antara biaya perolehan dan bagian                               interest in subsidiaries’ assets and liabilities
         aset dan liabilitas entitas anak yang disajikan                         that are transferred in restructuring
         dalam transaksi restrukturisasi antara entitas                          transaction of entities under common control
         sepengendali dibukukan dalam akun “Selisih                              is recorded in account “Difference in value of
         Nilai    Transaksi    Restrukturisasi   Entitas                         restructuring transaction between entities
         Sepengendali” dan disajikan sebagai unsur                               under common control” and presented as
         ekuitas.                                                                part of equity.




                                                              - 16 -
PT. CARDIG AERO SERVICES TBK                                                                    PT. CARDIG AERO SERVICES TBK
DAN ENTITAS ANAK                                                                                         AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN                                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
PER 30 SEPTEMBER 2013 (TIDAK DIAUDIT) DAN 31 DESEMBER                   AS OF SEPTEMBER 30, 2013 (UNAUDITED) AND DECEMBER
2012 (DIAUDIT) DAN UNTUK PERIODE SEMBILAN BULAN YANG                      31, 2012 (AUDITED) AND FOR THE NINE-MONTH PERIODS
BERAKHIR 30 SEPTEMBER 2013 DAN 2012 (TIDAK DIAUDIT) -                        ENDED SEPTEMBER 30, 2013 AND 2012 (UNAUDITED) -
Lanjutan                                                                                                             Continued


    e.   Transaksi  dan   Penjabaran    Laporan                              e.   Foreign Currency          Transactions       and
         Keuangan Dalam Mata Uang Asing                                           Translation

         Pembukuan masing-masing entitas di Grup                                  The individual books of accounts of each
         diselenggarakan dalam mata uang Rupiah,                                  entity in the Group are maintained in
         mata uang utama lingkungan ekonomi dimana                                Indonesian Rupiah, the currency of the
         entitas beroperasi (mata uang fungsional).                               primary economic environment in which the
         Transaksi-transaksi selama tahun berjalan                                entity operates (its functional currency).
         dalam mata uang asing dicatat dengan kurs                                Transactions during the year involving
         yang berlaku pada saat terjadinya transaksi.                             foreign currencies are recorded at the rates
         Pada tanggal pelaporan, aset dan liabilitas                              of exchange prevailing at the time the
         moneter dalam mata uang asing disesuaikan                                transactions are made. At reporting date,
         untuk mencerminkan kurs yang berlaku pada                                monetary assets and liabilities denominated
         tanggal tersebut. Keuntungan atau kerugian                               in foreign currencies are adjusted to reflect
         kurs yang timbul dikreditkan atau dibebankan                             the rates of exchange prevailing at that date.
         dalam laporan laba rugi.                                                 The resulting gains or losses are credited or
                                                                                  charged to profit or loss.

    f.   Transaksi Pihak Berelasi                                            f.   Transactions with Related Parties

         Pihak-pihak berelasi adalah orang atau                                   A related party is a person or entity that is
         entitas yang terkait dengan Grup (entitas                                related to the Group (the reporting entity):
         pelapor):

          a.    Orang atau anggota keluarga terdekat                              a. A person or a close member of that
                mempunyai relasi dengan entitas pelapor                              person's family is related to a
                jika orang tersebut:                                                 reporting entity if that person:

                i. memiliki     pengendalian   atau                                   i. has control or joint control over the
                   pengendalian bersama atas entitas                                     reporting entity;
                   pelapor;

               ii. memiliki pengaruh       signifikan   atas                         ii. has significant influence      over   the
                   entitas pelapor; atau                                                 reporting entity; or

               iii. personil manajemen kunci entitas                                 iii. is a member of the key management
                    pelapor atau entitas induk dari entitas                               personnel of the reporting entity or of a
                    pelapor.                                                              parent of the reporting entity.

          b.    Suatu entitas berelasi dengan entitas                             b. An entity is related to a reporting entity if
                pelapor jika memenuhi salah satu hal                                 any of the following conditions applies:
                berikut:

                i. Entitas dan entitas pelapor adalah                                 i. The entity and the reporting entity are
                   anggota dari kelompok usaha yang                                      members of the same group (which
                   sama (artinya entitas induk, entitas                                  means that each parent, subsidiary
                   anak, dan entitas anak berikutnya                                     and fellow subsidiary is related to the
                   terkait dengan entitas lain).                                         others).

               ii. Satu entitas adalah entitas asosiasi                               ii. One entity is an associate or joint
                   atau ventura bersama dari entitas lain                                 venture of the other entity (or an
                   (atau entitas asosiasi atau ventura                                    associate or joint venture of a
                   bersama yang merupakan anggota                                         member of a group of which the other
                   suatu kelompok usaha, yang mana                                        entity is a member).
                   entitas    lain   tersebut     adalah
                   anggotanya).




                                                               - 17 -
PT. CARDIG AERO SERVICES TBK                                                                   PT. CARDIG AERO SERVICES TBK
DAN ENTITAS ANAK                                                                                        AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN                                  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
PER 30 SEPTEMBER 2013 (TIDAK DIAUDIT) DAN 31 DESEMBER                  AS OF SEPTEMBER 30, 2013 (UNAUDITED) AND DECEMBER
2012 (DIAUDIT) DAN UNTUK PERIODE SEMBILAN BULAN YANG                     31, 2012 (AUDITED) AND FOR THE NINE-MONTH PERIODS
BERAKHIR 30 SEPTEMBER 2013 DAN 2012 (TIDAK DIAUDIT) -                       ENDED SEPTEMBER 30, 2013 AND 2012 (UNAUDITED) -
Lanjutan                                                                                                            Continued


             iii. Kedua entitas tersebut adalah ventura                             iii. Both entities are joint ventures of the
                  bersama dari pihak ketiga yang sama.                                   same third party.

             iv. Satu entitas adalah ventura bersama                                iv. One entity is a joint venture of a third
                 dari entitas ketiga dan entitas yang lain                              entity and the other entity is an
                 adalah entitas asosiasi dari entitas                                   associate of the third entity.
                 ketiga.

             v. Entitas tersebut adalah suatu program                                v. The entity is a post-employment
                imbalan pasca kerja untuk imbalan                                       benefit plan for the benefit of
                kerja dari salah satu entitas pelapor                                   employees of either the reporting
                atau entitas yang terkait dengan entitas                                entity or an entity related to the
                pelapor. Jika entitas pelapor adalah                                    reporting entity. If the reporting entity
                entitas     yang      menyelenggarakan                                  is itself such a plan, the sponsoring
                program      tersebut,   maka    entitas                                employers are also related to the
                sponsor juga berelasi dengan entitas                                    reporting entity.
                pelapor.

             vi. Entitas     yang    dikendalikan atau                              vi. The entity is controlled or jointly
                 dikendalikan bersama oleh orang yang                                   controlled by a person identified in
                 diidentifikasi dalam huruf (a).                                        (a).

            vii. Orang yang diidentifikasi dalam huruf                              vii. A person identified in (a) (i) has
                 (a) (i) memiliki pengaruh signifikan atas                               significant influence over the entity
                 entitas atau personil manajemen kunci                                   or is a member of the key
                 entitas (atau entitas induk dari entitas).                              management personnel of the entity
                                                                                         (or of a parent of the entity).

         Seluruh transaksi yang dilakukan dengan                                 All transactions with related parties, whether
         pihak-pihak berelasi, baik dilakukan dengan                             or not made at similar terms and conditions
         kondisi dan persyaratan dengan pihak ketiga                             as those done with third parties, are
         maupun tidak, diungkapkan pada laporan                                  disclosed in the consolidated financial
         keuangan konsolidasian.                                                 statements.

    g.   Aset Keuangan                                                      g.   Financial Assets

         Seluruh aset keuangan diakui dan dihentikan                             All financial assets are recognised and
         pengakuannya pada tanggal diperdagangkan                                derecognised on trade date where the
         di mana pembelian dan penjualan aset                                    purchase or sale of a financial asset is under
         keuangan      berdasarkan     kontrak    yang                           a contract whose terms requires delivery of
         mensyaratkan penyerahan aset keuangan                                   the financial asset within the timeframe
         dalam kurun waktu yang ditetapkan oleh                                  established by the market concerned, and
         kebiasaan pasar yang berlaku, dan awalnya                               are initially measured at fair value plus
         diukur sebesar nilai wajar ditambah biaya                               transaction costs, except for those financial
         transaksi, kecuali untuk aset keuangan yang                             assets classified as at fair value through
         diukur pada nilai wajar melalui laporan laba                            profit or loss, which are initially measured at
         rugi, yang awalnya diukur sebesar nilai wajar.                          fair value.

         Aset keuangan Grup diklasifikasikan sebagai                             The Group’s financial assets are classified
         pinjaman diberikan dan piutang dan nilai wajar                          as loans and receivables and at fair value
         melalui laba rugi (yaitu derivatif seperti yang                         through profit or loss (i.e, derivatives
         dijelaskan di Catatan 3k).                                              discussed in Note 3k).




                                                              - 18 -
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