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2015

ANNUAL REPORT

Establish the basis for
next growth in front of new era of
competition,
while keep challenging to further operational
excellence and CS improvement

01 ANNUAL REPORT 2015 PT Asahimas Flat Glass Tbk

TABLE OF CONTENTS

02 FINANCIAL HIGHLIGHTS 27 CAPITAL STRUCTURE AND MANAGEMENT POLICY ON CAPITAL
02 STATEMENT OF COMPREHENSIVE INCOME STRUCTURE
03 STATEMENT OF FINANCIAL POSITION (BALANCE SHEET) 28 MATERIAL BINDING FOR CAPITAL GOODS INVESTMENT
04 COMPOSITION OF 2015 NET SALES VALUE 28 MATERIAL INFORMATION AND FACTS AFTER THE REPORTING
04 KEY FINANCIAL RATIOS PERIOD
04 PT ASAHIMAS FLAT GLASS TBK (AMFG)'S SHARE INFORMATION 28 BUSINESS PROSPECTS
28 COMPARISON BETWEEN PROJECTION AT THE BEGINNING OF
05 BOARD OF COMMISSIONERS' REPORT FINANCIAL YEAR WITH THE ACHIEVED RESULTS
05 BOARD OF COMMISSIONERS' SUPERVISION 28 THE COMPANY'S TARGETS IN 2016
05 ASSESSMENT OF THE COMMITTEE PERFORMANCE UNDER BOARD 28 MARKETING
OF COMMISIONERS 30 DIVIDEND POLICY
05 ASSESSMENT OF THE BOARD OF DIRECTORS' PERFORMANCE 30 DIVIDEND PAYMENT
06 A VIEW ON THE COMPANY'S BUSINESS PROSPECTS 30 REALIZATION OF THE USE OF PROCEEDS FROM THE IPO
06 BOARD OF COMMISSIONERS' COMPOSITION 30 MATERIAL INFORMATION ON INVESTMENT, EXPANSION,
06 APPRECIATION TO STAKEHOLDERS DIVESTMENT, ACQUISITION OR DEBT/CAPITAL
30 RESTRUCTURING
07 BOARD OF DIRECTORS' REPORT 30 AMENDMENTS TO LAWS AND REGULATIONS
07 THE COMPANY'S PERFORMANCE CHANGES IN ACCOUNTING POLICY
08 CHALLENGES
08 BUSINESS STRATEGY 31 CORPORATE GOVERNANCE
08 BUSINESS PROSPECTS 31 BOARD OF COMMISSIONERS
09 GOOD CORPORATE GOVERNANCE IMPLEMENTATION 32 BOARD OF DIRECTORS
09 BOARD OF DIRECTORS' COMPOSITION 34 GENERAL MEETING OF SHAREHOLDERS
09 APPRECIATION TO STAKEHOLDERS 36 AUDIT COMMITTEE
38 NOMINATION AND REMUNERATION COMMITTEE
11 COMPANY PROFILE 39 RISK MANAGEMENT AND INSURANCE COMMITTEE
11 THE COMPANY'S NAME AND ADDRESS 39 DISCIPLINE AND COMPLIANCE COMMITTEE
12 THE COMPANY'S BRIEF HISTORY 40 CORPORATE SECRETARY
12 THE COMPANY'S BUSINESS ACTIVITIES AND PRODUCTS 41 CORPORATE INTERNAL AUDIT
13 THE COMPANY'S ORGANIZATIONAL STRUCTURE 42 INTERNAL CONTROL SYSTEM
14 MISSION AND VISION 42 RISK MANAGEMENT SYSTEM
14 BOARD OF COMMISSIONERS AND BOARD OF DIRECTORS 43 SIGNIFICANT CASE
14 BOARD OF COMMISSIONERS AND BOARD OF DIRECTORS 44 ADMINISTRATIVE SANCTIONS
APPOINTMENT IN 2015 44 CODE OF CONDUCT AND CORPORATE CULTURE
15 BOARD OF COMMISSIONERS' PROFILE 44 SHARE OWNERSHIP PROGRAM
16 BOARD OF DIRECTORS' PROFILE 45 WHISTLE BLOWING SYSTEM
19 CHANGES IN THE COMPOSITION OF BOARD OF COMMISSIONERS
AND 46 CORPORATE SOCIAL RESPONSIBILITY &
19 BOARD OF DIRECTORS AFTER THE REPORTING PERIOD ENVIRONMENT
20 HUMAN RESOURCES AND DESCRIPTION OF ITS DEVELOPMENT 46 ENVIRONMENTAL RESPONSIBILITY
20 SHAREHOLDER INFORMATION AND SHARE OWNERSHIP 49 EMPLOYMENT PRACTICES
PERCENTAGE 50 OCCUPATIONAL HEALTH AND SAFETY
21 INFORMATION ON ULTIMATE SHAREHOLDER AND CONTROLLING 51 SOCIAL DEVELOPMENT AND COMMUNITY EMPOWERMENT
SHAREHOLDER 54 OTHER SOCIAL AIDS PROGRAMS
22 COMPANY STRUCTURE UP TO ULTIMATE SHAREHOLDER AS OF 54 THE COMPANY'S PRODUCT LIABILITY
22 DECEMBER 31, 2015 54 CUSTOMER COMPLAINTS FACILITY, NUMBER AND HANDLING
SUBSIDIARIES
22 CHRONOLOGY OF SHARE LISTING AND CHANGES IN 55 STATEMENT OF THE BOARD OF
23 THE NUMBER OF SHARES COMMISSIONERS AND THE BOARD OF
23 CAPITAL MARKET SUPPORTING INSTITUTIONS AND PROFESSIONS DIRECTORS ON THE RESPONSIBILITY FOR
23 AWARDS AND CERTIFICATIONS THE 2015 ANNUAL REPORT

25 MANAGEMENT'S DISCUSSION AND ANALYSIS FINANCIAL STATEMENTS AND
25 OPERATIONAL REVIEW BY BUSINESS SEGMENT INDEPENDENT AUDITORS' REPORT
26 FINANCIAL PERFORMANCE ANALYSIS
27 SOLVENCY
27 ACCOUNTS RECEIVABLE COLLECTIBILITY

346 Other Comprehensive Loss (66.PT Asahimas Flat Glass Tbk ANNUAL REPORT 2015 02 FINANCIAL HIGHLIGHTS STATEMENT OF COMPREHENSIVE INCOME AND OTHER COMPREHENSIVE INCOME For the years ending December 31 ((in million Rupiah.069 786 Nominal Value Per Share (in full Rupiah) 500 500 500 Net Sales (in billion Rupiah) Operating Profit (in billion Rupiah) 4.315 Expenses (298.152 341.263 Income Tax Expense (112.216 500 429 429 3.163 464.378 42.623) Operating Profit 429.011) (122.480 3.570) (2.672 600 563 3.874) (21.674) Gross Profit 727.169 35.994 428.692 Finance Income 21.484 442.843) Total Comprehensive Income 271.666 3.307 323.375 562.000 3.672.665.000 400 2.535) (348.000 100 0 0 2013* 2014* 2015 2013* 2014* 2015 * As restated .868.753 605.297 988 Earnings Per Share (in full Rupiah) 780 1.760.503 Total number of Outstanding Shares (Million) 434 434 434 Operating Profit Per Share (in full Rupiah) 989 1.447 797.) 2013* 2014* 2015 Net Sales 3.186 3.989 Cost of Sales (2.571 Profit Before Income Tax 450. unless specially stated.000 300 200 1.216.845) (17.395) (141.910 911.358 464.739) (2.917) Profit 338.453) (368.488.

954 75.223 Total Liabilities and Equity 3.032 139. - Current Liabilities 473.865.684 3.000 1.831 844.156 1.805 Total Assets (in billion Rupiah) Total Equity (in billion Rupiah) 4.275 Net Working Capital 1.270.561.245 Total Assets 3.575 1.853 3.500 1.440 3.946.694 3.390 3.000 0 0 2013* 2014* 2015 2013* 2014* 2015 * As restated .530.946.871 446.676 Total Non-Current Liabilities 393.376 Non-Current Liabilities Employees Benefit Obligation 393.836 1.376 Total Current Liabilities 473. 03 ANNUAL REPORT 2015 PT Asahimas Flat Glass Tbk FINANCIAL HIGHLIGHTS STATEMENT OF FINANCIAL POSITION (BALANCE SHEET) As of December 31 (in million Rupiah) Assets 2013* 2014* 2015 Current Assets 1.238 479.275 Liabilities and Equity 2013* 2014* 2015 Current Liabilities Bank Loans .500 3.447 400.478.946 3.125 4.447 400. .896 Deferred Tax Assets 72.263.390.000 2.401 70.500 2.685 880.980.378 Other Non-Current Assets.000 2.506.101 4.231.751.270 3.575 Fixed Assets.116 2.575 1.500 3.147 1.238 479.000 3.676 Total Liabilities 867.052 Equity 2.562 3.822.490 1.960 398.445 79.101.693.500 4.000 2.500 1. Net 1.728 2.684 3.960 398. Net 29.500 2.561.270.871 446.181 Investment at Equity method 1.125 4.000 1.

700.825 6.493.000 Period : January .100 5.8 21.700 7.December 2014 Harga (Rp) Transaction Market Capitalization Quarter Volume in million Highest Lowest Closing (Unit) (Rp) I 7.250 6.450 2.500 2.2 27.400 II 7.3 15.800 3.7 Operating Profit to Equity 15.750 6.500 3.000 II 7.700 * As restated .842.4 27% Liabilities Total Liabilities to Equity 32.100.300 6.150 419.200 8.400 6.000.100 III 8.700 7.400.800 7.700 7.000 Period : January .400 3.0 Profit to Total Assets 9.0 10.000.2 12.000.450 8.500 17.2 26.100 6.950 3.103.825 4.175 5.5 11.200 3.493.100 575.175 6.657.700 3.175 7.425 7.800 2.800 6.113.300.657.1 14.0 AUTOMOTIVE FLAT GLASS GLASS Profit to Equity 12.6 58% Operating Profit to Total Assets 12.PT Asahimas Flat Glass Tbk ANNUAL REPORT 2015 04 FINANCIAL HIGHLIGHTS COMPOSITION OF THE 2015 KEY FINANCIAL NET SALES VALUE RATIOS In % (percentage) 2013* 2014* 2015 EXPORT DOMESTIC Gross Profit to Net Sales 22.400 3.6 24.081.000 III 7.100 6.4 20.000 IV 7.8 568.4 21.341.081.550 5.4 465.1 Current Assets to Current 417.450 2.550 8.3 11.987.233.000.9 18.100 7.700 419.December 2015 Price (Rp) Transaction Market Capitalization Quarter Volume in million Highest Lowest Closing (Unit) (Rp) I 8.000.400 3.6 15.050 2.0 73% Total Liabilities to Total Assets 24.150 6.100 575.758.987.103.600 7.050 17.056.6 PT ASAHIMAS FLAT GLASS TBK (AMFG)'S SHARE INFORMATION Total Listed Shares : 434.040.7 42% Operating Profit to Net Sales 13.300 IV 8.517.300 6.400 3.233.250 8.550 7.8 8.700 7.3 10.425 7.200 2.515.800 3.

which in turn adversely affected the Company's market share in the property and automotive sectors as demands in these two sectors also decreased in 2015. the Company still managed to record Rp 3. The Board of Commissioners has received and reviewed the Board of Directors' report and the Company's financial statements for the year ended December 31. • appointing Public Accountants Firm to audit the Company's books for the 2015 financial year and determining the honorarium and other requirements. Those external factors directly affected on a decrease in non-oil exports and a significant depreciation of Rupiah. ASSESSMENT OF THE BOARD OF DIRECTORS' PERFORMANCE The impact of the global economic slowdown still engulfed throughout 2015. by. . However. Risk Management Committee position was changed from under the Board of Commissioners to become under the Board of Directors.67 trillion net sales and Rp429 billion operating profit. The Board of Directors' performance is reflected in the financial statements of the 2015 financial year where despite the economic downturn. The Board of Commissioners enhanced our supervision by conducting Board of Commissioners meetings and our joint meetings with the Board of Directors.e. ensuring the Company's compliance to Good Corporate Governance (GCG) and prevailing regulations. although the figures were lower than those achieved in 2014.giving approval on the Board of Directors' actions that should be approved by the Board of Commissioners. These two sectors are the major market of the Company's business. the Board of Commissioners carried out our supervisory function on the policies concerning the Company's operations. BOARD OF COMMISSIONERS' SUPERVISION Throughout 2015. restructuring the Committees under the Board of Commissioners including approving the Committees' Charter. we exercised restructuring of the Committees. The protracted plan to increase interest rate by the Fed and China's deteriorating economic condition were also a concern for the Indonesian economy. in 2015. among others.04/2014 by. i. PERFORMANCE ASSESSMENT OF COMMITTEES UNDER THE BOARD OF COMMISSIONERS The Committees under the Board of Commissioners has done a very good job in their functions. The Board of Commissioners also continuously evaluates the Company's GCG implementation based on ASEAN Corporate Governance Scorecard and views that the Company's GCG implementation in 2015 has been improved. National economic condition was strongly influenced by the global economic condition that was still filled with uncertainties. v. Compliance Committee under the Board of Commissioners was merged with Disciplinary Committee under the Board of Directors to become Discipline and Compliance Committee under the Board of Directors. The economic slowdown in 2015 was a reasonably tough challenge for the industry players. 2015 audited by Public Accountants Firm Siddharta Widjaja & Partners (a member firm of KPMG International). leading to a decline in the demand for the Company's products both in the property and automotive sectors in the domestic market. ii. vi. providing advices on policies and business strategies undertaken by the Board of Directors. 05 ANNUAL REPORT 2015 PT Asahimas Flat Glass Tbk BOARD OF COMMISSIONERS' REPORT Dear Shareholders. appointing an independent Commissioner as Chairman of the Committee. The Board of Commissioners also made amendment to Nomination and Remuneration Committee in order to comply with Otoritas Jasa Keuangan (OJK) Regulation No. 34/POJK. among others. and Executive Committee was dissolved. carrying out the mandates given by the General Meeting of Shareholders (GMS) for: • determining the amount of remuneration for each member of the Board of Commissioners and Board of Directors by considering the limits as has been set out in the Annual GMS. The Board of Commissioners views that the financial statements are already in accordance with the Statements of Financial Accounting Standards (SFAS) and capital market regulations. iii. including the Board of Directors performance. the Board of Commissioners carried out its duties by performing the following: i. and continuing to oversee and review the implementation of such advices. iv. In order to improve the effectiveness of Committee's performance under the Board of Commissioners. Audit Committee and Nomination and Remuneration Committee have reported their duties and responsibilities on a regular basis. In the 2015 financial year. approving the Annual Budget including the 2015 CSR budget. supervising and advising the Board of Directors concerning their policies. We are grateful to God Almighty and feel pleased to have accomplished our supervisory duties on the Board of Directors' performance in carrying out the Company's management in 2015. These Committees have assisted the Board of Commissioners in overseeing the Company's operations. examining the recommendations made by the Audit Committee and the Nomination and Remuneration Committee. the Board of Commissioners views that the Board of Directors has properly sustained the Company's positive performance in 2015.

2015. Closing our Report. Our deep appreciation also goes to the Board of Directors. Furthermore. The Board of Commissioners would like to thank Kimikazu Ichikawa and Andi Purnomo for having done a good job. in welcoming the ASEAN Economic Community (AEC) in early 2016. Masahiro Takeda was elected as Vice President Commissioner replacing Kimikazu Ichikawa and Tjahjana Setiadhi was elected as Commissioner replacing Andi Purnomo. two major markets of the Company's products. Board of Commissioners TAN PEI LING MASAHIRO TAKEDA TJAHJANA SETIADHI President Commissioner Vice President Commissioner Commissioner TAKEO TAKEI BENYAMIN SUBRATA HIDEYA TANAKA Commissioner Independent Commissioner Independent Commissioner . The Company's Board of Commissioners is composed of six (6) members and this composition has complied with OJK Regulation No. A series of Government policies launched in mid-2015 to stimulate the economic growth is expected to bring positive impacts.400 per USD. the support given to the Company will sustain in the coming years. Hopefully.04/2014. Detailed composition and profile of the Board of Commissioners can be seen on the pages describing the Board of Commissioners and Board of Directors' composition. the Board of Commissioners requests the Board of Directors to continually improve its efficiency and competitiveness as well as continously make innovations so that the Company's products can be more competitive in domestic and international markets. Management and all employees who have worked hard and demonstrated an exceptional dedication in realizing the mission and vision of the Company. we hope that all our measures and efforts are always blessed by God Almighty.5% with inflation rate maintained at the level of 4. The above indicators are expected to have a positive influence on the property and automotive markets. the economic growth in 2016 is projected at the level of 5. The Board of Commissioners hopes the factory construction can be completed on time and within the pre-determined budget. The Board of Commissioners has examined and approved the business projections prepared by the Board of Directors in the 2016 Annual Budget and views that the business projection is presented in a proper and reasonable manner and can be realized in accordance with the planned targets. VIEWS ON THE COMPANY'S PROSPECTS The Board of Commissioners hopes the business prospects in 2016 will be better compared to 2015.7% and rupiah exchange rate assumption against US Dollar amounting to Rp13. the Board of Commissioners would like to thank all stakeholders for their assistance and cooperation which have enabled us to carry out our supervisory function and ensure a consistent implementation of Good Corporate Governance in the Company. West Java. Based on the macro data we collected. APPRECIATION TO STAKEHOLDERS On this occasion. and will certainly strengthen the Company's business performance in 2016. 33/POJK. while BI Rate is expected to decline about 25 bps to 50 bps. COMPOSITION OF THE BOARD OF COMMISSIONERS The Annual General Meeting of Shareholders (AGMS) held on June 5. which has been implemented according to the planned schedule.PT Asahimas Flat Glass Tbk ANNUAL REPORT 2015 06 BOARD OF COMMISSIONERS' REPORT Our appreciation goes to the Board of Directors for their effort in the construction of a new flat glass factory in Cikampek. each will serve for the term of office ended up to the closing of the Company's 2016 AGMS. approved the change of composition of the Board of Commissioners.

COMPANY'S PERFORMANCE The decreasing commodity and mining prices in the global market in 2015 and Indonesia's position as one of the exporting countries contributed to the weakening of the people's purchasing power at home. .02% growth in 2014.79%. In addition. President Director E. the Company's domestic sales amounted to Rp2. DAVID SATRIA SOETEDJA. a 18% increase compared to 2014. we are grateful that the Company was still able to record a positive result in 2015. or grew 5%. while the Automotive Glass Business Unit recorded Rp1 trillion net sales or decreased by 12% compared to 2014. In 2015. Nevertheless. the strengthening exchange rate of USD against the Rupiah also contributed positively to the Company's export sales.67 trillion net sales. the major markets for the Company's products. Indonesian economic downturn in 2015 impacted on the weakening of the people's purchasing power. The Company. 2015 was a year filled with challenges for the Company in terms of the global and national economic conditions. managed to increase its export sales to compensate for the decline in the domestic sales.14 trillion or decreased by 10% compared to 2014.52 trillion. 07 ANNUAL REPORT 2015 PT Asahimas Flat Glass Tbk BOARD OF DIRECTORS' REPORT MAMPEI CHIYODA. the major markets of the Company's products. equipped with the right marketing strategy and marketing network. Indonesia's economy in 2015 grew 4. The Company recorded Rp3. The Company's Flat Glass Business Unit in 2015 recorded Rp 2. This decrease was primarily due to the declining car sales in the country that affected the demand for the Company's automotive glass. This was shown by declining sales in the property and automobile markets. while the export sales reached Rp1. despite the economic downturn. a slight decrease compared with the 5.67 trillion net sales in 2015 or Rp6 billion lower than the net sales in 2014. which in turn affected the property and automotive sectors. Vice President Director Dear distinguished Shareholders.

PT Asahimas Flat Glass Tbk ANNUAL REPORT 2015 08

BOARD OF DIRECTORS' REPORT

In 2015, there was a hike in several domestic cost components, i.e. an increase in provincial minimum wage (UMP), raw material
cost and transportation cost. The increase in these costs during the economic slowdown was one of the factors leading to a
decrease in the Company's performance. This can be observed from the breakdown of the Company's performance in 2015
compared to 2014 as follows:
1. Gross profit amounted Rp797 billion or declined by 13% compared to 2014 amounting to Rp 911 billion.
2. Gross profit margin was 22% or down 25% compared to 2014.
3. Operating profit amounted to Rp429 billion or declined by 24% compared to 2014 amounting to Rp 563 billion.
4. Operating profit margin was 12% or down 15% compared to 2014.
5. Income was to Rp341 billion or decreased by 26% compared to 2014 amounting to Rp 464 billion.

In 2014, the Company announced Information Disclosure to the public in connection with the Company's plan to build a new Flat
Glass Factory in Cikampek, West Java, with a total production capacity of 210,000 tons per year and USD154.9 million investment
value.

The factory construction commenced in late 2014 and was on +66% progress by end of 2015. The construction was targeted for
completion in the second half of 2016. The Company expects the factory construction can run well in accordance with the planned
schedule and budget.

CHALLENGES
In the course of realizing its business and operational targets in 2015, the Company encountered several challenges which were
mainly related to external conditions. The challenges were as follows:
1. Slowdown in the growth of the construction and automotive sectors resulted from the economic downturn at home &
overseas;
2. Increase in labor costs due to rising UMP (Regional Minimum Wage) & UMSK (City/Regency Minimum Wage);
3. Increase in the cost of imported raw materials;
4. Increase in the distribution and transportation cost;
5. Increase in glass imports resulted in a stringent competition in the domestic market.

BUSINESS STRATEGIES
In addressing the challenges faced in 2015, the Company made every effort to maintain its performance. The policies carried out
in 2015 were as follows:
1. Strategic Cost Reduction:
• Productivity enhancement;
• Cost production efficiency;
• Avoiding inefficiency.
2. Adjusted the selling price of the Company's products.
3. Increased export sales volume.
4. Continued to improve supply chain quality and became a supplier that was able to provide solutions to optimize the assets
of AGC Group.
5. Participated actively in Business Association activities to give input on the industry conditions and the associated various
policies.

BUSINESS PROSPECT
Entering 2016, the Company will continue to observe economic conditions both at home and abroad. Based on the macroeconomic
basic assumptions used as the basis to prepare the 2016 State Budget Plan, the Government has targeted a 5.5% economic growth
in 2016 and 4.7% inflation assumption. Bank Indonesia rate has also indicated a downward trend in early 2016. In addition, the
government's plan to accelerate infrastructure development in all parts of Indonesia is expected to run according to the plan.
The Company expects all these indicators can be positively correlated to the Company's performance.

Bank Indonesia's policy on BI rate reduction is also expected to stimulate the property and automotive sectors in 2016, which
in turn will encourage a stronger growth of the Company's business.

09 ANNUAL REPORT 2015 PT Asahimas Flat Glass Tbk

BOARD OF DIRECTORS' REPORT

The Company must remain aware of the potential slowdown in the China's economy, which is projected to grow on a slower pace
in 2016 and likely to affect the global economy as well as bring a direct impact on the Company's export performance in 2016.
The Company will continue the efforts to improve its performance.

CORPORATE GOVERNANCE IMPLEMENTATION
The Company continuously strives to comply with Good Corporate Governance (GCG) Roadmap issued at the beginning of 2014
and Corporate Governance Manual for Issuers and Public Companies issued by Otoritas Jasa Keuangan (OJK) in 2015. Throughout
2015, some improvements were made, among others: the mechanism and process of GMS announcement and holding were
adapted to the prevailing regulation and mechanism of GMS order. In addition, the Company also completed Board of Commissioners
Manual, Board of Directors Manual and Nomination and Remuneration Committee Manual in 2015. The Company also adjusted
its Website, a major gateway for stakeholders to access the Company's information, to comply with OJK Regulation.

In order to ensure an effective GCG implementation, in 2015 the Company made adjustments to the Committees under the Board
of Directors. Disciplinary Committee under Board of Directors was developed into the Disciplinary and Compliance Committee.
The Board of Directors also added 1 (one) new Committee, i.e. Risk Management and Insurance Committee. The Company expects
the adjustments to the Committees will encourage a more proper and effective implementation of GCG in the Company. Detailed
information on this GCG implementation can be found in the Corporate Governance chapter.

BOARD OF DIRECTORS' COMPOSITION
The Annual General Meeting of Shareholders (AGMS) on June 5, 2015 at the Hotel Holiday Inn Jakarta Kemayoran decided to
approve the change to the Board of Directors, i.e: to appoint E. David Satria Soetedja as Vice President Director replacing Tjahjana
Setiadhi; to appoint Sadayoshi Shinotsuka, Michitaka Goto and Mohamad Amien respectively as Director for the term of office
up to the closing of the AGMS in 2017. The AGMS also reappointed other Directors who finished his term of office in 2015 with
a term of office up to the closing of the 2017 AGMS. The Board of Directors extends our thanks and appreciation to Tjahjana
Setiadhi, Yoshiki Inoue and Yasushi Kawamoto for having done a good job in executing their duties.

The number and composition of the Board of Directors are already in accordance with the OJK regulation No. 33/POJK.04/2014.
Complete details on the composition and profile of the Board of Directors can be found in the chapter describing about the Board
of Commissioners and Board of Directors composition.

APPRECIATION TO STAKEHOLDERS
On behalf of the Board of Directors, we would like to express our sincere thanks and appreciation to all employees and partners
who have contributed to the Company's sustained development up to date. Our gratitude is also extended o for the support of
all Customers, Suppliers, Principals, Shareholders, Board of Commissioners, committees and all Stakeholders. The Board of
Directors expects this strong cooperation can be continuously enhanced in order to make changes and improvements for us all
on an ongoing basis.

Board of Directors

MAMPEI CHIYODA E. DAVID SATRIA SOETEDJA
President Director Vice President Director

PT Asahimas Flat Glass Tbk ANNUAL REPORT 2015 10

BOARD OF DIRECTORS

1. MAMPEI CHIYODA, President Director

2. E. DAVID SATRIA SOETEDJA, Vice President Director
8
5 7 10
11 9
3. NAOMASA TANIGUCHI, Director
1 4 6
3 2 4. MITSUHIRO YOSHIKADO, Director

5. SADAYOSHI SHINOTSUKA, Director

6. PRASETYO AJI, Director

7. TJIO FERRY SUSANTO, Director

8. MICHITAKA GOTO, Director

9. MOHAMAD AMIEN, Director

10. TATSUO SUGIYAMA, Director

11. RUSLI PRANADI, Independent Director

788 2135 Fax : (62-31) 788 2842. Indonesia Tel : (62-264) 351 711 ( hunting) Fax : (62-264) 351 710 . Ancol Barat Jakarta Utara 14430.amfg.co. 690 4705 Website : www. 11 ANNUAL REPORT 2015 PT Asahimas Flat Glass Tbk COMPANY PROFILE THE COMPANY'S NAME AND ADDRESS Head Office & Factory in Jakarta Jl. Indonesia Tel : (62-21) 690 4041 ( 8 lines ) Fax : (62-21) 691 8820. Sektor IA Blok J-L. Kecamatan Taman Kabupaten Sidoarjo 61257 Jawa Timur. 788 2149 Head Office & Factory in Cikampek Bukit Indah Industrial Park. Indonesia Tel : (62-31) 788 2383. Cikampek 41373 Jawa Barat.id Head Office & Factory in Sidoarjo Desa Tanjungsari. Ancol IX/5.

40/2007 regarding Limited Liability Companies as set forth in Notarial Deed No. 2008 and its supplement No. 317/2009.M. and was approved by the Minister of Law and Human Rights of the Republic of Indonesia by virtue of Decree No. B. Notary in Jakarta. Amrul Partomuan Pohan SH. The most recent amendment to the Company's Articles of Association was set forth in the Notarial Deed No.04 Th. 2009 passed before Dr.5/5/19 dated January 17.TH. 1998 and published in the State Gazette no.02127 Year 2009 dated March 19. Change of Status to become Public Company Based on the Statement Letter of the Chairman of Capital Market Supervisory Agency (“Bapepam”) No. 2009. The Company's Articles of Association were already adjusted to Bapepam & LK Regulation No. dated February 27. The Deed was already approved by the Minister of Law and Human Rights No. 9 dated January 6. 1995. to become PT Asahimas Flat glass Tbk based on Notarial Deed no. 2015. and No.A. i. 2000 all of the Company's shares have been listed on Bursa Efek Jakarta (now Bursa Efek Indonesia). notary in Jakarta and approved by the Minister of Law and Human Rights of the Republic of Indonesia by virtue of Decree No. LL. S-1323/PM/1995 dated October 18. Ltd. 2003 and its supplement No. THE COMPANY'S BUSINESS ACTIVITIES AND PRODUCTS Based on its Articles of Association. 94/1998.1 concerning Main Substances of Articles of Association of the Company Performing Public Offering of Equity Security and Publicly Listed Company as set forth in the Notarial Deed No. Supplement No. Ltd based on Notarial Deeds No.PT Asahimas Flat Glass Tbk ANNUAL REPORT 2015 12 COMPANY PROFILE BRIEF HISTORY OF THE COMPANY A. C-14423. the Company initiated public offering of 86. 1972 and published in the State Gazette No.4 dated October 7.HT. Notary in Jakarta. The expansion of the Company's business activity in the glass industry and export import. 1971. notary in Jakarta. C. 18 dated March 3. The Deeds were already approved by the Minister of Justice of the Republic of Indonesia by virtue of Decree No. 73 dated June 26.01..04. 68/2003.e. 1998.01.AH.M.J. the Changed of the Company's name from PT Asahimas Flat Glass Co. 2008 passed before Dr. AHU-AH. published in the State Gazette No. 6510 dated November 24. while the publication of the Deed in the State Gazette was still under process.000 shares and since December 18. IX.01. 45 dated June 5. LL. AHU-.01. 20228/2008. the Company's intention and objectives are to establish and run glass industry as well as export-import and quality certification of glass. Amendments to Articles of Association The Company's Articles of Association have been amended several times. 83/1972. 19. 36/2009 and its supplement No. notary public in Jakarta and approved by the Minister of Justice and Human Rights of the Republic of Indonesia by virtue of Decree No. C2-12065.J. The Company's products are divided into 2 categories: • Flat Glass including Mirror Glass • Safety Glass including Automotive Glass ..01.10. 7532 dated August 26.M. 1972 passed before Koerniatini Karim.98 dated August 25. published in the State Gazette No.2003 dated June 24.03-0946820 dated June 30. regarding amendments to and representation of the Company's Articles of Association. 84 dated October 17. 1. dated July 1. The Company's Articles of Association were already adjusted to Law No. and approved by Indonesian Ministry of Justice with the Decree no.000. 2003 and was published in the State Gazette No. 2003 executed before Amrul Partomuan Pohan SH. 2008.M. 1972 and its Supplement No. 1998 that was passed before Amrul Partomuan Pohan SH. Amrul Partomuan Pohan SH. including to comply with Otoritas Jasa Keuangan. as set forth in Notarial Deed No. 54 dated May 28.HT.AH. LL. AHU 41881. Establishment The Company is a Foreign Investment Company (PMA) that was established under the name PT Asahimas Flat Glass Co. Irawan Soerodjo SH. 2015 by Dr.02 year 2008 dated July 17. LL. MSi.

David Satria Soetedja Jakarta Factory Richard Andre S. Hadi Samuel N. 13 ANNUAL REPORT 2015 PT Asahimas Flat Glass Tbk COMPANY PROFILE THE COMPANY’S ORGANIZATIONAL STRUCTURE Board of Commissioners Nomination & Remuneration Committee Audit Committee Board of Directors Risk Management & Discipline & Compliance Insurance Committee Committee Internal Audit Corporate Secretary Patikkos Siahaan Christoforus Flat Glass General Automotive Glass Division Corporate General Division Purchase & Logistic Center Corporate Affairs Sales & Marketing Center E. Amien Bama S. Sidoarjo Factory Lilik Roesianto . Wirawan Engineering Center Corporate MIS Quality Assurance Center Andreas Andre Dadang Sudrajat Sutrisno Corporate Control & Sales & Marketing Center Finance Cikampek Factory M. David Satria Soetedja Christoforus Andreas S. Amien Tjio Ferry Susanto Quality Assurance Office Corporate HSE Coordination Sander Liberti Sembiring E. Setyono Production Planning & Corporate HRD & Order Control Office Administration M.

Jepang (AGC) in Director : SADAYOSHI SHINOTSUKA 1990 and was appointed as Director based on the Company's Director : PRASETYO AJI AGMS dated July 5... Board of Commissioners: Tjahjana Setiadhi. 4. 2015 replacing Yasushi Kawamoto. 2015 replacing Andi Purnomo..PT Asahimas Flat Glass Tbk ANNUAL REPORT 2015 14 COMPANY PROFILE VISION AND MISSION The Company's Values of Conduct To build the world a To become a respectable 1. Director : NAOMASA TANIGUCHI Michitaka Goto.44 dated June 5. Vice President director Independent Commissioner : BENYAMIN SUBRATA Started his career at the Company in1982 and was appointed Independent Commissioner : HIDEYA TANAKA as Vice President Commissioner based on the Company's AGMS dated July 5. Responsible MISSION VISION BOARD OF COMMISIONERS AND BOARD OF COMMISSIONERS AND BOARD OF DIRECTORS BOARD OF DIRECTORS APPOINTMENT IN 2015 Composition of the Board of Commissioners and the Board of Masahiro Takeda. Director Director : MITSUHIRO YOSHIKADO Started his career at the Asahi Glass Co. Japan (AGC) in 1982 by Dr. 2015 replacing Yoshiki Inoue. Cooperation Spirit its related products. Director Sadayoshi Shinotsuka. 2015 replacing Tjahjana Setiadi. Japan (AGC) in President Director : MAMPEI CHIYODA 1986 and was appointed as Director based on the Company's Vice President Director : E. Independent Director : RUSLI PRANADI . Vice President Commissioner Directors based on Notarial deed No. Creative Thinking 5. Pioneering Spirit better place for manufacturer and global 2. 2015 Started his career at Asahi Glass Co. Ltd. 2015 replacing Kimikazu Ichikawa.. David Satria Soetedja. Director Started his career at the Asahi Glass Co. Director : TJIO FERRY SUSANTO Director : MICHITAKA GOTO Mohamad Amien. Ltd. Honesty and Sincerity living supplier of glass and 3. Director Started his career at the Company in1990 and was appointed Director : MOHAMAD AMIEN as Director based on the Company's AGMS dated July 5.Irawan Soerodjo SH. Commissioner : TJAHJANA SETIADHI Commissioner : TAKEO TAKEI E. DAVID SATRIA SOETEDJA AGMS dated July 5.. Msi is as follows: and was appointed as Vice President Commissioner based on the Company's Annual GMS (AGMS) dated July 5. David Satria Soetedja. 2015 Director : TATSUO SUGIYAMA replacing E. Commissioner President Commissioner : TAN PEI LING Started his career at the Company in 1976 and was appointed Vice President Commissioner : MASAHIRO TAKEDA as Commissioner based on the Company's AGMS dated June 5.Ltd.

15 ANNUAL REPORT 2015 PT Asahimas Flat Glass Tbk

COMPANY PROFILE

BOARD OF COMMISSIONERS' PROFILE

Tan Pei Ling, President Commissioner
Indonesian citizen, born in Jakarta in 1957. Graduated from the University of Portland, Oregon,
USA and earned Bachelor of Business Administration in 1979. Started his career at PT Rodamas
in 1979. Served as the Company's Commissioner from 1989 to 2008.

His first appointment as President Commissioner was legally based on resolution of the AGMS
held on June 6, 2008 replacing Tan Siong Kie. He is affiliated with the Company's shareholder
by serving as Commissioner of PT Rodamas, one of the Company's majority shareholders.

Masahiro Takeda, Vice President Commissioner
Japanese citizen, born in Japan in 1958. Graduated from the Faculty of Law of Osaka University,
Japan. He has been working with Asahi Glass Co.Ltd, Japan (AGC) since 1982 up to the present.

His first appointment as President Commissioner was legally based on the Company's AGMS
dated June 5, 2015 replacing Kimikazu Ichikawa. He is affliated with the Company's shareholder
as employee of Asahi Glass Co Ltd, Japan, one of the Company's majority shareholders.

Tjahjana Setiadhi, Commissioner
Indonesian citizen, born in Cirebon in 1952. Graduated from the Faculty of Physical Engineering,
Institut Teknologi Bandung (ITB). Joined the Company in 1976, served as Director of the Company
from 1997 to 2010.and as Vice President Director up to 2015.

His first appointment as the Company's Commissioner was legally based on the AGMS dated
June 5, 2015 replacing Andi Purnomo. He is not affiliated with members of the Company's Board
of Directors, Board of Commissioners and shareholders.

Takeo Takei, Commissioner
Japanese citizen, born in Tokyo in 1960. Graduated from Hitotsubashi University, majoring in
Economics, in 1984 and earned Master of Business Administration from University Michigan
Ann Arbor in 2001. He has joined AGC since 1984 up to the present.

His first appointment as President Commissioner was legally based on the Company's AGMS
dated June 22, 2012 replacing Masahiro Takeda. He is affliated with the Company's shareholder
as the employee of Asahi Glass Co. Ltd, Japan, one of the Company's majority shareholders.

Benyamin Subrata, Independent Commissioner
Indonesian citizen, born in Jakarta in 1958. Graduated from the University of Sussex, majoring
in Mechanical Engineering in 1980. He joined GUnungSweu Group in 1983, handled Construction
business, property, finance, ritel, manufacture, minings and elecricity. Currently, he also serves
in several other companies including as President Commissioner of PT Puri Usaha Kencana and
PT Puru Energi kencana and also as Commissioner of PT Intidaya Prima Kencana.

His first appointment as the Company's Independent Commissioner was legally based on the
Company's EGMS dated November 9, 2001. He is not affiliated with members of the Company's
Board of Directors, Board of Commissioners and shareholders.

PT Asahimas Flat Glass Tbk ANNUAL REPORT 2015 16

COMPANY PROFILE

Hideya Tanaka, Independent Commissioner
Japanese citizen, born in Chiba, Japan in 1942. Graduated from Nagoya Institute of Technology,
Faculty of Mechanical Engineering in 1965. Currently, he also serves as President Director of PT
Panel Bakti Sinarindo.

His first appointment as Independent Commissioner was legally based on the Company's AGMS
dated November 9, 2001. He is not affiliated with members of the Company's Board of Directors,
Board of Commissioners and shareholders.

Trainings attended by Board of Commissioners Members
On October 2, 2015, several members of the Company's Board of Commissioners attended Competition Law Training Seminar
organized by AGC Japan in Jakarta.

BOARD OF DIRECTORS' PROFILE

Mampei Chiyoda, President Director
Japanese citizen, born in Kyoto, Japan, in 1964. Graduated from Faculty of Economics, Tohku
University, Japan, in 1986. He has been working with Asahi Glass Co., Ltd., Japan since 1986 up
to the present.

His first appointment as President Director was legally based on the Company's AGMS dated
May 31, 2013 replacing Masato Oe. He is not affiliated with members of the Company's Board
of Directors, Board of Commissioners and shareholders.

As President Director, he is responsible for leading and coordinating activities and duties of the
Board of Directors members in general.

E. David Satria Soetedja, Vice President Director
Indonesian citizen, born in Jakarta in 1959. Graduated from Trisakti University, majoring in
Mechanical Engineering in 1985. He has been working with the Company since 1985 up to the
present.

His first appointment as Vice President Director was legally based on the Company's AGMS
dated June 5, 2015 replacing Tjahjana Setiadi. He is not affiliated with members of the Company's
Board of Directors, Board of Commissioners and shareholders.

As Vice President Director, he is responsible for helping organize activities and duties of
the Company's Board of Directors members in general. He is also responsible for overseeing
Purchase & Logistic Center and Corporate Health Safety & Environment activities.

Naomasa Taniguchi, Director
Japanese citizen, born in Shiga, Japan 1963. Graduated from School of Engineering, Kyoto
University, in 1988. He has been working with Asahi Glass Co., Ltd., Japan since 1988 up to the
present.

His first appointment as Vice President Director was legally based on the Company's AGMS
dated June 20, 2014 replacing Takashi Hirorutsu. He is affliated with the Company's shareholder
as the employee of Asahi Glass Co. Ltd, Japan, one of the majority shareholders.

As Director, he is responsible for managing and overseeing the activities of Automotive Glass
Business Unit that is located in Cikampek.

17 ANNUAL REPORT 2015 PT Asahimas Flat Glass Tbk

COMPANY PROFILE

Mitsuhiro Yoshikado, Director
Japanese citizen, born in Kochi, Japan 1961. Graduated from Kochi National College of Technology
in 1982. He has been working the Asahi Glass Co. Ltd., Japan since 1982 up to the present.

His first appointment as Director was legally based on the Company's AGMS dated May 31, 2013
replacing Mampei Chiyoda. He is affliated with the Company's shareholder as the employee of
Asahi Glass Co., Ltd, Japan, one of the Company's majority shareholders.

As Director, he is responsible for managing Flat Glass Business Unit in Jakarta.

Sadayoshi Shinotsuka, Director
Japanese citizen, born in Chiba, Japan 1965. Graduated from Kisarazhu National College of
Technology in 1986. He has been working with Asahi Glass Co Ltd., Japan since 1986 up to the
present.

His first appointment as Director was legally based on the Company's AGMS dated June 5, 2015
replacing Yoshiki Inoue. He is affliated with the Company's Shareholder as the employee of Asahi
Glass Co. Ltd, Japan, one of the Company's majority shareholders.

As Director, he is responsible for overseeing and carrying out the activities of Flat Glass Factory
construction in Cikampek.

Prasetyo Aji, Director
Indonesian citizen, born in Rembang, Central Java in 1958. Graduated from Institut Teknologi
Sepuluh Nopember (ITS) Surabaya, majoring in Chemical Engineering in 1985. He has been
working with the Company since 1986 up to the present.

His first appointment as Director was based on the Company's EGMS dated June 3, 2005 replacing
Soleh Dagusthani. He is not affiliated with members of the Company's Board of Directors, Board
of Commissioners and shareholders.

As Director, he is responsible for managing and overseeing the activities of Automotive Glass
Business Unit which is located in Cikampek and helping in the Flat Glass Factory construction
project in Cikampek.

Tjio Ferry Susanto, Director
Indonesian citizen, born in Jombang, in 1959. Graduated from Petra Christian University.. He
has been working with the Company since 1986 up to the present.

His first appointment as Director was legally based on the Company's AGMS dated June 24,
2011. He is not affiliated with members of the Company's Board of Directors, Board of
Commissioners and shareholders.

As Director, he is responsible for managing and overseeing the activities of Flat Glass Business
Unit located in Sidoarjo and Corporate HRD & Administration and Corporate MIS.

Michitaka Goto, Director
Japanese citizen, born in Oita, Japan 1966. Graduated from Kyushu University in 1990. He has
been working with Asahi Glass Co., Ltd., Japan since 1990 up to the present.

His first appointment as Director was legally based on the Company's AGMS dated June 5, 2015.
He is affliated with the Company's Shareholder as the employee of Asahi Glass Co. Ltd, Japan,
one of the Company's majority shareholders.

As Director, he is responsible for managing and overseeing the Company's financial activities.

he is responsible for managing flat glass sales and marketing activities.Ltd. 12 November 2015 Asahi Glass Co. Graduated from Trisakti University. Japan. born in Pagar Alam. several members of the Board of Directors attended various trainings.Ltd.. born in Jakarta in 1958. he is responsible for managing and overseeing Corporate Affairs activities. workshops. Board of Commissioners and shareholders.. the Company's majority shareholder. Director Japanese citizen. His first appointment as Director was legally based on the Company's AGMS dated June 20. majoring in Electrical engineering in 1990. As Independent Director. He has been working with the Company since 1990 up to the present. 2015 replacing David Satria Soetedja.Ltd. 7 April 2015 Asahi Glass Co. Graduated from Nagoya University in 1986 and earned his Master of Chemical Engineering. Training attended by the Board of Directors Throughout 2015.Ltd. Several BOD Director ISO 9001-2015 Jakarta. 2014 replacing Hiroaki Aimu. 2014. Ltd.. Rusli Pranadi. Director Indonesian citizen. 12 November 2015 BSI Group members 6. Independent Director Indonesian citizen. Ltd. Palembang in 1966.. 12 October 2015 Asahi Glass Co. with the Company.Up Management Skill 2 Naomasa Taniguchi Director Protecting Your Brand with Cikampek. Several BOD Director Competition Law Training Jakarta. Japan. 1-2 December 2015 Asahi Glass Co. He is not affiliated with members of the Company's Board of Directors. He is also responsible for Flat Glass and Automotive Glass quality assurance. Japan members Seminar .. As Director. 18-19 August 2015 Otoritas Jasa Keuangan Director 5. Graduated from STIE (School of Economics). he for responsible in acting as a liaison of Asahi Glass Co Ltd. Tatsuo Sugiyama. Japan since 1990 up to the present. He is affliated with the Company's shareholder as the employee of Asahi Glass Co.772. seminars as follows: No Name Position Training Materials Venue & Time Organizer 1 Mampei Chiyoda President Director Global Leadership Session. He has been joining with the Company since 1981 up to the present.. As Director.. His first appointment as Director was based on the Company's AGMS dated June 5. He has been working with Asahi Glass Co. Japan To Level . Japan. Japan Trademark 3 Naomasa Taniguchi Director Quality Management System Jakarta.PT Asahimas Flat Glass Tbk ANNUAL REPORT 2015 18 COMPANY PROFILE Mohamad Amien.. majoring in Accountancy in 1993 and passed the State Examination for Accountant Profession in 1995 and earned State Register as an Accountant numbered D-14. 2011 and was appointed a Independent Director based on the Company's AGMS dated June 20. His first appointment as Director was based on the Company's AGMS dated June 24. born in Japan in 1962. Japan 4 Rusli Pranadi Independent Corporate Governance Jakarta. one of the Company's majority shareholders..

Performing Group Improvement Activities (GIA) as a tool to achieve Key Performance Indicator (KPI) for the employees. As the Company's assets. which consisting of continuous coaching. GIA is divided into three (3) activities. . employees must be able to uphold the values that have been fostered by the founders of the Company. the Company through Training and Monozukuri Center (TMC) under the Corporate HR and Administration has arranged and implemented an integrated and sustainable human resource development program through a number of activities that have been arranged in the syllabus materials made by TMC. In 2015. training and development programs related to ability. The Company believes that implementation of the noble values will generate reliable human resources and produce high quality products and services in realizing customer satisfaction. 19 ANNUAL REPORT 2015 PT Asahimas Flat Glass Tbk COMPANY PROFILE CHANGES TO THE BOARD OF COMMISSIONERS AND BOARD OF DIRECTORS COMPOSITION AFTER THE FINANCIAL Up to the end of the financial year and the time limit for the 2015 Annual Report submission. namely: (i) Kaizen Theme Activity (ii) Innovation Theme Activity (iii) Asahimas Improvement System Several groups were selected to represent the Company to participate in the Kaizen Convention activities in several automotive companies in Indonesia. the Company also sent representatives to participate in the Kaizen competition in Japan. In addition. the training was focused to support the construction of the new flat glass in Cikampek. to facilitate the employees in the learning process. as reflected in the manual business policy: "Employees are the Source of the Company's Strength". In 2015. This event was attended by all employees. the Company should have human resources (HR) that are competent. Creative Thinking and Be Responsible. qualified and fit with its business needs. Such activities are expected to improve human resource capabilities and prepare the Company's future leaders. The Company believes that human resources are the main asset in supporting its business success. which was attended by all representatives of the AGC Kaizen Group of several countries. among others: 1. there was no change to the Company's Board of Commissioners and/or Board of Directors. knowledge and leadership. Honesty and Sincerity. Competency Development In realizing those expectations. To support the training. namely: The Pioneering Spirit. the Company has in place Skill Simulator facilities related to the production and the supporting equipment. HUMAN RESOURCES AND HR DEVELOPMENT In line with the Company's vision "To become a respectable manufacturer and global supplier of glass and its related products". 2. the Company conducted several human resource development programs. Conducting training to increase technical skills of employees guided by experienced staff both local and expatriate. The Spirit of Cooperation.

PT Rodamas PT Rodamas. INFORMATION ON MAJORITY SHAREHOLDER AND CONTROLLING SHAREHOLDER 1. ("AGC") AGC.758. Asahi Glass Co. building materials. Attended training.000 shares or 0. Indonesia 177. Outbound and Leadership training. AGC Group also engages in fluorine chemical. Sidoarjo and Cikampek.Ltd. amounted to 688 shareholders or 15. Jakarta 11480. Established in 1955. Continuous trainings starting from recruitment up to retirement preparation with a view to enhance knowledge. tsunami. This activity aims to prepare a cadre of the Company's future leaders through activities such as Team Building.PT Asahimas Flat Glass Tbk ANNUAL REPORT 2015 20 COMPANY PROFILE 3. and others. S. PT Rodamas engages in various lines of business in Indonesia with a focus on the manufacturing industry and the distribution of industrial and consumer products. Each with Less Than 5% Share Ownership As of December 31. The training aimed to give the Company's retiring employees adequate mental and skill preparation for their retirement.789 persons. and others.359. 2015 As of December 31. communication. while a member of the Board of Directors namely Mitsuhiro Yoshikado. 5. the Company's Director. each with less than 5% share ownership. 6. Jend. finance. electronics and energy development industries..86% 2 PT Rodamas. Established in 1907. All activities were carried out at each factory of the Company in Jakarta. Name Total Share Percentage 1 Asahi Glass Co.. chemical products. No. which was listed on the Tokyo Stock Exchange and Osaka Stock Exchange. Chiyoda-ku.. . Tokyo 100-8405 Japan.000 43. Safety Patrol Simulator for line managers. skills and motivation of employees. workshops and seminars at home and abroad on the basis of management. 7.18% consisting of legal entities and individuals both at home and from abroad. AGC Group has global networks and affiliations spreading across more than 30 countries. The Basic Discipline Training was provided for new employees to strengthen disciplinary culture in the Company. the number of the Company's permanent employees was 2. aside from glass industry.700 40. 4. display glass and other related products. The Company also paid attention to the employees entering retirement by giving independent business training and retirement preparation. 2. human resources. At present. The Company regularly provided training to deal with emergencies such as fire. This training was very valuable for the employees because they could enjoy benefits not only at work but also in everyday life. SHAREHOLDERS NAME AND SHAREHOLDING PERCENTAGE Shareholders with 5% or above share ownership as of 31 December 2015. the owner of 43. The Company continued to provide leadership training at every position level in the Company. quality. automotive glass. public shareholders. is domiciled in 1-5-1 Marunouchi. Slipi. the owner of 40. is domiciled on Jalan Let. The Company believes that a harmonious relationship between the Company and employees is one of the main factors to support its business progress. The Company periodically sent its line managers to Japan to participate in the Safety Training of Key Persons organized by AGC Japan. 2015.96% shares in. To increase awareness of Occupational Health and Safety (K3) for all employees. AGC is a public company in Japan. Public Shareholders . owned 20. the Company has evolved into the most prominent multinational glass producer in the world market for building glass. 2015. there was no member of the Board of Commissioners who owned the Company's shares. Japan 190. Parman Kav 32-34. Indonesia. Ltd.96% Shareholdings by Members of the Board of Directors and Board of Commissioners As of December 31. 2015.86% shares in the Company. As of December 31.005% of the total issued shares. the Company provided trainings through Safety Hazard Simulator. packaging and glass cutter. the Company. supply chain management. earthquake. Rodamas Group controls a vast and important marketing network spreading all over the country and covering various fields such as consumer products.

68% 2.53% 1.86% PT Asahimas Flat Glass Tbk PT Auto Glass Indonesia 99.76% PT Rodamas.36% 91. 21 ANNUAL REPORT 2015 PT Asahimas Flat Glass Tbk COMPANY PROFILE COMPANY STRUCTURE UP TO ULTIMATE SHAREHOLDER AS OF DECEMBER 31.95% . 2.96% 14.39% 72.91% The Bank of Barclays Securities Tokyo-Mitsubishi Japan Limited UFJ. Ltd. Japan 40. (Trust Account 9) 2.74% Tokio Marine & Lainnya Nichido Fire (Kurang dari 1%) Insurance Co. Ltd.Ltd.74% Christopher Ishak Tan Pei Ling Tanuwidjaja Sumarno 5.04% The Master Trust Nippon Bank of Japan. Indonesia Public Cooperatives Asahi Glass Co.01% Meiji Yasuda Life The Asahi Glass Insurance Company Foundation 4.86% 0... Mitsubishi Estate (Trust Account) Co.96% Japan Trustee Services Bank. Ltd..95% 1.32% 43. Ltd..05% 1. 2. 2015 Japan Trustee Services Bank Ltd. Life Insurance (Trust Account) Company 4. Ltd.88% 2. 3.

Jakarta Utara Phone: (62-21) 65 303 300.350.374. Jakarta Selatan Phone: (62-21) 750 0911. Indonesia Blok B-2 No.879.id. 2015) Issued and Fully Paid Up Capital Number of Shareholders Shares Nominal Value per share (Rp) Amount (Rp) % PT Asahimas Flat Glass Tbk 1. At present. Danau Sunter Utara Blok J-12.000.000 99. Exchange. 4-5 Phone: (62-21) 574 1777 Phone: (62-21) 570 9009 Jakarta 11140 Fax : (62-21) 574 2777 Fax : (62-21) 570 9026 Phone: (62-21) 6301511 Fax : (62-21) 6337851 .999.300 32.000 217.000 87. Japan 174. 2 Jl. 28 Jl.000.508.000 190.150.000.000. the Company's shares are only listed on the Indonesia Stock Exchange.000.000 177. Sunter Agung.net. SH. 78 dan 79. CAPITAL MARKET SUPPORTING INSTITUTIONS AND PROFESSIONS Public Accountants Firm Share Registrar Notary Siddharta Widjaja & Rekan PT Datindo Entrycom Dr.000. Fax: (62-21) 765 2134 Line of Business Replacement and repair services for safety glass of motor vehicles Employee 14 persons (as of December 31. Ciputat Raya No.co. 34-35 Komplek Ketapang Indah Jakarta 10210.000 217. No.000. Zainul Arifin No.000 PT Rodamas.000 0. Jend.000 64.000 687.000.000 2.000.000 87.500.000.000 Total 434.000 100 CHRONOLOGY OF SHARE LISTING AND CHANGES OF NUMBER OF SHARES Initial Public Offering in 1995 December 31.000 43.000 Cooperatives . 1995..179.autoglass.Ltd. 2015 Shareholders Nominal Value Nominal Value Total Shares Total Shares Rp Rp Asahi Glass Co.000.000.000 Public 86. 1.05% Total 2. K. on November 1.000 1.H. Sudirman Kav..000 1.000. Fax: (62-21) 651 0018 E-mail: autoglass-jkt1@cbn. However.PT Asahimas Flat Glass Tbk ANNUAL REPORT 2015 22 COMPANY PROFILE SUBSIDIARY PT Auto Glass Indonesia Head Office: Jl. Kebayoran Lama.000.758.000. S-1323 / PM / 1995 dated October 18. the Company offered 86 million shares or 19.000 Pursuant to the statement of the Chairman of the Capital Market Supervisory Agency ("Bapepam") No. Irawan Soerodjo.359.000 434. .000.000. MSi 33rd Floor Wisma GKBI Puri Datindo Jl.95% Samuel Nugroho Setyono 1 1. Sudirman Kav. Indonesia Jakarta 10220.id Branch Office: Jl.000 95. 1999 the Company delisted its shares out of the Surabaya Stock Exchange.000.000.000.9. website:www. Indonesia 174.999 1.254.000.700 88. Jend.82% listed on the Jakarta Stock Exchange and Surabaya Stock.000.

In December 2015. In October 2015. Tohana Widjaja. The total costs incurred for the Audit of the Company's 2015 Financial Statements was Rp1. MBA. The Public Accountants Firm (KAP) has completed its task independently according to professional standards of public accountants. In November 2015. CPA. 2. The Accountant who signed the Independent Auditors' Report for the 2015 Financial Year is Dra. received "PROPER Blue" Award from the Indonesian Ministry of Environment and Forestry. In October 2015. the Company has agreed to appoint Public Accountants Firm Siddharta Widjaja and Partners. employment agreements and the predefined scope of audit.Sidoarjo 1. received the following awards from Kaizen Award Toyota Manufacturer Club: • Gold Medal for Criteria Suggestion System (SS) • Gold Medal for Criteria Quality Control Circle (QCC) • The Most Improved Management Award 2015 . 23 ANNUAL REPORT 2015 PT Asahimas Flat Glass Tbk COMPANY PROFILE Independent Accountants Pursuant to the resolution of the AGMS held on June 5. Automotive Glass Factory .Jakarta 1.Jakarta 1. received Certificate of Appreciation from Flat Glass Allliance of the Phlippines inc.9 billion. received ""PROPER Blue" Award from the Indonesian Ministry of Environment and Forestry. 2015 and the Audit Committee's recommendation. to audit the Company's 2015 Financial Statements. 2. received "PROPER Blue" Award from the Indonesian Ministry of Environment and Forestry. In October 2015. AWARDS AND CERTIFICATIONS Flat Glass Factory . 2. The KAP did not provide other consulting services to the Company. Flat Glass Factory . a member firm of KPMG International. In December 2015 received “Award Day 2015” from Bank Indonesia as the Best Information Partner.

PT Asahimas Flat Glass Tbk ANNUAL REPORT 2015 24 COMPANY PROFILE “Award Day 2015” from Bank Indonesia as the Best Information Partner. Gold Medal for Criteria Gold Medal for Criteria Suggestion System (SS) Quality Control Circle (QCC) The Most Improved Management Award 2015 .

The impact strongly affected the Company. The Company's Flat Glass Products are used in the glass application in buildings. A considerable number of property projects were slowing down or temporarily halted. the Company put all efforts to improve its export sales. The global economic condition was still not recovered in 2015 and hit Indonesia's economy. Cengkareng Business City. with a total production capacity of 210. in particular commercial building that is a major segment of flat glass. particularly in the domestic market. Terminal 3 Ultimate Soekarno Hatta Airport and others. the Company's Flat Glass Business Unit recorded Rp 2. The growth was attributable to 19% increase in the export sales while for domestic market the net sales decreased by 6% compared to 2014. East Java with production capacity totaling 570. This reflects that the increase in export sales of flat glass can cover the decrease in domestic demand. The production capacity will be adjusted with the economic condition and consumption growth. Jakarta and Sidoarjo.000 tons per year. interiors and as raw material for the manufacturing of further processed glass and automotive glass. the realization of construction of flat glass factory in Cikampek. Net Sales were recorded at Rp 2. especially in the second and third quarters of 2015 where the Company's demand for flat glass in the country began to decline. to name a few: Kirana Commercial Avenue. .7 trilion or increased by Rp 130 billion or by 5% compared to 2014. total flat glass sales volume increased by 2% compared to the previous year. Throughout 2015.54 trillion net sales in 2014.000 tons per year was approximately 66% completed. while in the domestic market there was 7% decrease in sales volume. Until the end of 2015. The increase was coming from 14% increase in export sales volume. among others by continuously making price adjustments and market penetration.West Java. Karawang . In general. Cawang's The Hive 2 . 25 ANNUAL REPORT 2015 PT Asahimas Flat Glass Tbk MANAGEMENT'S DISCUSSION AND ANALYSIS OPERATIONAL REVIEW BY BUSINESS SEGMENT Flat Glass In 2015. to become 516 thousand tons. To cover the declining demand of flat glass in the domestic market. there were a number of construction projects using the Company's flat glass.67 trillion net sales or grew by 5% or Rp 130 billion compared with the Rp 2. especially in Asian countries. The Company's flat glass factory is located in Ancol. The factory construction is expected to be completed on schedule in the second semester of 2016. The efforts proved to positively contribute to the increase in the demand of the Company's flat glass and automotive glass raw material compared to the previous year. This impacted on the decline in purchasing power. leading to 15-20% decrease in growth of domestic property.

291 units. The decline was mainly due to weaker car sales in domestic market. the Company will continue product innovation conducted in the previous year such as Melting Snow Windshield for ARG export and Acoustic Windshield and IR-Cut Windshield for ARG and OEM export markets. the capacity is sufficient to meet the demand in domestic automotive glass. The current total capacity is 5. The decrease in domestic market was mainly attributable to the slowdown in the national economy resulting in a decrease in flat glass and automotive glass in the country by 6% and 15% respectively. In 2015. such as UV Cut glass.38 trillion domestic sales in 2014.76 trillion in 2014. FINANCIAL PERFORMANCE ANALYSIS In 2015. This decline was attributable to the weakeaning domestic sales. the Company's cost of sales in 2015 was recorded at Rp 2. West Java. Meanwhile. The Company continuously strived to make operational improvements with a view to enhance competitive advantages of its products and maintain existing market share. The expansion was expected to support the acceleration of production processes in automotive glass business unit.013. acoustic and water repellent. . Several new car models were launched in 2015. which certainly brought positive impact on the Company's demand for automotive glass. The Company provided demos and applications directly to the car customers to get their feedbacks which were expected to be implemented in the automotive glass products to be produced. Up to now. export market sales increased by 8% compared to 2014. The increase in the operating expenses which was not compensated by the increase in net sales.208.020 units. The increase in these expenses contributed to a decrease in the Company's gross profit margin to 22% from 25% in 2014. automotive glass sales volume decreased by 8. In 2015.000 m2 per year or equivalent to the use of glass for 1. to name a few: Honda HRV.53 trillion or grew Rp 228 billion or 18% from Rp 1. and produces tempered glass and laminated glass. the Company recorded net sales of Rp 3. The weakening economic condition in Indonesia resulted in the decline and tightening of the people's purchasing power. the Company continued to introduce high-end technology of automotive glass. The Company's total operating profit dropped by 24% from Rp563 billion in 2014 to Rp 429 billion in 2015. However. the automotive glass factory expanded its machine capacity for tempered glass and laminated glass.30 trillion in 2014.67 trillion or Rp 6 billion decrease compared to 2014. making the Company's operating profit margin decreased to 12% or down 3% compared to 2014. several car manufacturers released their new products.077 tons and 493 tons or by 17 % and 11%.14 trillion compared with Rp 2. The 6% increase in the 2015 operating expenses was mainly caused by increasing of selling expense Rp18 billion or 5% increase compared to 2014. The Company will continue to adjust its capacity in line with the growth of car sales in the coming years in order to support the growth of the national automotive industry.000. In 2015. The Company's export sales increased to Rp 1. Throughout 2015. The Company's automotive glass factory is located in Cikampek.87 trillion or rose Rp108 billion (4%) compared with Rp 2. The decrease was due to lower sales volume in the domestic and export markets. Stronger exchange rates of USD against Rupiah also contributed positively to the selling price of the Company's export products. In 2015. The Company's sales value reached Rp 1 trillion or decreased by Rp 136 billion (12%) compared to 2014. The Company also continued to meet the availability of Auto Replacement Glass (ARG) which was on high demand in the domestic and overseas markets.824 tons in 2014. The increase in export sales was due to 19% increase in flat glass export sales.570 tons (17%) from the previous sales amounting to 51. For 2016. the Company recorded operating expenses at Rp 369 billion or grew Rp 20 billion compared to 2014 which amounted to Rp 349 billion. 16% decrease compared to 2014 amounting to 1. car sales in the country amounted to 1. IR Cut. The decrease was driven by the fall of the Company's domestic sales in 2015 by 10% or amounting to Rp 2. Toyota New Innova and many more. declining by 15%. The decline in sales of automotive glass in 2015 was due to the weakening of people's purchasing power as a result of the slowdown in the national and global economies.5 million car units. The increase in export sales was in line with the strengthening exchange rate of USD against Rupiah which contributed positively to the Company's export sales. respectively by 8.PT Asahimas Flat Glass Tbk ANNUAL REPORT 2015 26 MANAGEMENT ANALYSIS AND DISCUSSION Automotive Glass In 2015.

While the decrease in non-current liabilities by Rp46 billion (10%) was derived from the decrease in employee benefits obligation. SOLVENCY As of December 31.946. The Company's total liabilities as of December 31. In 2015.447 11 Total Liabilities 880. While the decrease in current assets was mainly due to a Rp 176 billion (16%) decrease of cash and cash equivalents and trade receivables by Rp 863 million.27 trillion or up Rp 324 billion (8%) compared with Rp 3.125 100 In 2015. the Company's liability ratio dan equity ratio was 21% and 79% respectively.101. 2015 amounted to Rp3.685 21 Equity 3. The increase was due to the hike of retained earnings as an accumulation of the profit attributale to owner of the parent entity in the previous year. This shows that the Company's capital structure was reasonably strong. the Company still used its internal cash.440 79 Total Assets 4. As of December 31. 2015 amounted to Rp 880 billion or increased by Rp 35 billion (4%) compared to December 31. The hike of current liabilities by Rp 32 billion (13%). Most of the Company's total liabilities in 2015 consisted of trade payables and employee benefits obligation. Since 2008 up to date.376 11 398.676 9 446. the Company has not had Bank loans. The management has evaluated the collectability of each balance of trade receivables and decided that all trade receivables are collectable and thereby there was no provision for impairment needed and there was no balance of trade receivables use as collateral. the Company recorded total current assets of Rp 2. reflected from the 4. The drop in cash and cash equivalents was mainly due to the financing for flat glass factory construction investment in Cikampek. CAPITAL STRUCTURE AND MANAGEMENT POLICY ON CAPITAL STRUCTURE 2015 % Total Assets 2014 Description (Rp million) (Rp million) % Total Assets Current Liabilities 479.95 trillion total assets posted in 2014.238 10 Non-Current Liabilities 400.223 79 3. The Company's DER as of December 31. 2015. the Company's total profit in 2015 dropped by 26%.275 100 3. 2014 position. 2015 was 26%. The Company's total equity as of December 31. exceeding the Company's total liabilities amounting to Rp 880 billion. For Cikampek's flat glass factory construction. The Company recorded Rp 341 billion net income or decreased by Rp 123 billion compared to 2014 which was recorded at Rp 464 billion. . up to December 31.7x current ratio. 2015. 2014.270. showing that the Company's cash was quite adequate to finance operating expenses and investing activities conducted by the Company. while the total current liabilities amounted to Rp 479 billion.390.39 trillion or increased by Rp289 billion (9%) compared to the December 31. The increase in non-current assets was derived from growth of fixed asset growth by Rp 292 billion (19%). The Company has determined a capital structure policy by always maintaining Debt-to-Equity Ratio (DER) below 75%. The increase was primarily caused by an increase in current liabilities by Rp 81 billion (20%) and a decrease in non-current liabilities by Rp 46 billion. The rise was mainly attributable to the increase in non-current assets by Rp 357 billion (21%) while current assets dropped by Rp 33 billion (1%) compared to 2014. 27 ANNUAL REPORT 2015 PT Asahimas Flat Glass Tbk MANAGEMENT ANALYSIS AND DISCUSSION In overall. This shows that the Company's ability to pay its current liabilities was very good. the Company's total liabilities grew Rp 35 billion compared to 2014. 2015.23 trillion. The Company's Cash and Cash Equivalents by end 2015 dropped by Rp 176 billion or by 16% compared to 2014. the Company's ability to collect accounts receivable (collecting period) was relatively good. other non-current asset by Rp 35 billion and prepaid taxes by Rp 34 billion. West Java. total assets were recorded at Rp 4. Cash and cash equivalents were recorded at Rp 932 billion. This decrease was primarily due to the increase in cash used for investment activity compared to cash used in operation activity.052 21 844. ACCOUNTS RECEIVABLE COLLECTIBILITY At the end of 2015. This increase was due to a increase in trade payables and accrued expenses and a decrease in employee benefits obligation. accrued expenses by Rp37 billion (37%) and other current liabilities by Rp18 billion (69%).

which will drive the people's economy.000 tons per year with an investment value of USD154. Some manufacturers have invested in the automotive industry by constructing plants in 2015. the Company predicts Indonesia's automotive market in 2016 tends to be flat or no different from this year's accomplishment in line with the people's purchasing power that remains weak.5%. the Company products have been used by people in the domestic and overseas market. the Company has planned to use external funding such as bank loans. Despite the slowdown in the country's economy. GAIKINDO's target of 7% increase in the 2016 car sales is expected to contribute to the Company's sales in line with the country's GDP growth. It is expected that the Company can absorb the GAIKINDO's target of 7% sales increase compared to 2015. The Company expects that the growth will be followed by the increase in the growth of the construction and automotive sectors. energy costs particularly gas and electricity as well as labor costs.9 million in Cikampek. The fund used for the investment up to the end of 2015 was still sourced from the Company's internal cash and if needed.75% in the first quarter of 2016. West Java. which can not fully compensated by the sales increase. BUSINESS PROSPECT The Company expects the year 2016 to offer a better business prospect. . will boost the property sales which is a major market of the Company's flat glass products. the main market of the Company's products. The result was below the net sales target at the beginning of the fiscal year projected in the range of 7% -10% compared to 2014. the Government's plan to accelerate infrastructure development in all parts of Indonesia is expected to run according to the plan.PT Asahimas Flat Glass Tbk ANNUAL REPORT 2015 28 MANAGEMENT ANALYSIS AND DISCUSSION MATERIAL COMMITMENT FOR CAPITAL GOODS INVESTMENT In 2015. it continues to show a positive trend for growth. It is also expected that the Government stimulus in several economic policy packages. It shows the automotive market in the domestic market will remain bright and is expected to be positively correlated to the Company's growth. Although the growth of the automotive industry in 2016 is not expected to return to normal. several policies launched by the Government in 2015 are expected to be immediately enforced by relevant institutions. such as the obviation of luxury tax (PPnBM) on the prices of below Rp20 billion landed houses and below Rp10 billion apartments. In addition. Bank Indonesia has also lowered BI rate to 6. The Company started to penetrate in export markets in 1984. MARKETING The Company's products are quite well known by Indonesian people because the Company has marketed its products nationally since 1973. The Company expects a better growth of the property and automobile sectors in 2016.67 trillion or almost the same as in 2014. COMPARISON BETWEEN PROJECTIONS AT THE BEGINNING OF FINANCIAL YEAR AND THE ACHIEVED TARGETS In 2015. in the long term. The lower rate is expected to be immediately followed by lower rates on Bank loans distributed to people. Karawang. the Company had material commitments in the form of agreements with several vendors on construction works in respect of its plan to build a flat glass factory with a total capacity of 210. Until now. The factory construction commenced in early 2015 and is estimated to complete in the second semester of 2016. This unachieved target was due to the economic slowdown and increased costs in 2015. As for the automotive market. etc. MATERIAL INFORMATION AND FACT AFTER THE REPORTING DATE OF PUBLIC ACCOUNTANT There was no material information and fact occurring after the reporting period of the 2015 financial year. the Company's net sales amounted to Rp3. The Company also expects to increase its export sales to compensate the sluggish automotive sales in the domestic market. The Company expects all of these indicators can be positively correlated to the Company's performance in 2016. COMPANY'S 2016 TARGETS The Company's business projection in 2016 is based on the assumption that the country's economic growth will stand at 5. As for profit forecast. it is estimated that the profit growth will be below the percentage of sales increase due to the continued increase in raw material costs.

AGC Flat Glass Thailand. the competition in the automotive glass has got more stringent. At the end of 2015. such as Astra Daihatsu Motor. Isuzu Astra Motor Indonesia. Suzuki Indomobil Motor. Toyota Motor Manufacturing Indonesia. Medan. Honda Prospect Motor. AGC Flat Glass Phillipines. introduced exterior and interior glass products. the Company is confident that its product quality and innovation as well as the services provided will earn the trust of the Company's customers. (AAP). The Company in cooperation with other AGC Group members such as AGC Asia Pacific Pte. This activity was expected to raise awareness of the use of energy-saving glass to support green building program. such as introducing new products through seminars and architecture glass exhibitions in some major cities in Indonesia. While automotive glass marketing for the OEM market in the Country was aimed to the Sole Agent (ATPM) as car manufacturers in Indonesia.21 November 2015 in JIExpo. However. Hino Motors Manufacturing Indonesia. particularly glass products with added values and energy saving glass. the Company regularly conducted seminars and gatherings with architects. Bandung. For flat glass products in 2015. Nissan Motor Indonesia. To support its products sales. the Company performed a number of marketing activities.. the Company introduced Sunergy Cool glass which was a further development of Sunergy Clear glass that had been previously marketed. By the agent's global market networking.. The Company also continued the marketing to ASEAN countries conducted in the previous year both for OEM and ARG markets and glass for industrial use such as Exavator. Kramayudha Tiga Berlian.. General Motors Indonesia and others. the Company. LCGC that is at competitive price. Ltd. the Company continues its product innovation. In this exhibition. 29 ANNUAL REPORT 2015 PT Asahimas Flat Glass Tbk MANAGEMENT ANALYSIS AND DISCUSSION Flat glass marketing in the domestic market is done by PT Rodamas. the marketing for exports is conducted by an agent in Singapore. While the marketing for Auto Replacement Glass (ARG) was conducted through the networks of spare parts Division of each ATPM holder as well as through dealers and sub-dealers networks spreading across Indonesia. Having distribution networking in major cities in Indonesia. Jakarta. Meanwhile. Sunergy Cool glass is launched to the market in a new color in accordance with the latest trend and also has a better performance than Sunergy Clear glass. fuel-efficient and with complete features will be enough to make the demand continuously growing in the future. the Company's products are marketed globally. which has established a strong distribution network since the 1950s. The Company continued to improve its Low Cost Green Car (LCGC) glass market of which the demand is expected to continue growing in the future both at domestic and overseas market. namely AGC Asia Pacific Pte. the Company products can be distributed and used by public in domestic markets. Inc participated in the 2015 Glasstech Asia Exhibition taking place on 19 . Some manufacturers have been able to offer more competitive prices both for OEM and ARG markets. consultants and building developers in major cities in Indonesia such as Jakarta. Given a massive market in the country. Kemayoran. collaborating with other AGC Group members. To support the marketing of its products. Ltd (Singapore). The Company also continues innovating more new products in particular for coated glass for brand development of Sunergy and Stopsol brands to be introduced in 2016. particularly for the project segment. Balikpapan and other cities. . Tractor and others in the Japanese market.

24 (Revised 2013) on Employee Benefits. 2015. DIVESTMENT. In accordance with the transition provision of the PSAK. which provides that the remeasurement of net defined benefit liabilities (eg. The Rp210 billion net proceeds from the Company's IPO were already used to finance the construction of A2 Furnace in Sidoarjo and Automotive Glass Factory in Cikampek that was already completed in 1997. CHANGES IN ACCOUNTING POLICY Since January 1. As for the 2014 financial year.000. 1995 by offering 86.720. . past service costs that are not yet vested were amortized to profit loss with a straight-line method over the average remaining period of the expected term of service. EXPANSION.000. the Company adopted the Statement of Financial Accounting Standard (SFAS) No. the Company applied this change of accounting policy retrospectively and restated comparative information in the financial statements (see Note 29 to Financial Statements). Each shareholder obtained Rp 80 cash dividend per share. Previously. Divestment.48% of the Company's total net profit for the 2014 financial year. the shareholders approved the payment of cash dividends amounting to Rp34. MATERIAL INFORMATION ON INVESTMENT. on July 24. 2014 the Company paid cash dividend to shareholders amounting to Rp 34. based on the 20 June 2014 Annual GMS resolution. the impact of changes in benefits with regard to the past service costs or the curtailment profit or loss will be immediately recognized in the profit loss. REALIZATION OF THE USE OF PROCEEDS FROM IPO The Company listed its shares on the Jakarta Stock Exchange (now BEI) and Surabaya Stock Exchange on October 18. when the benefits of a program are changed or a program is curtailed.000.720.PT Asahimas Flat Glass Tbk ANNUAL REPORT 2015 30 MANAGEMENT ANALYSIS AND DISCUSSION DIVIDEND POLICY The resolution of Annual GMS held on May 31. there was no change in laws and regulations that significantly influenced the Company and its financial statements. by taking into account the Company's soundness and future plans and without prejudicing the right of the Company's General Meeting of Shareholders to determine otherwise in accordance with the provisions of its Articles of Association. Previously. The amount of dividends to be distributed also depends on the Company's profits in the current financial year. Expansion. Each shareholder received Rp 80 cash dividend per share.26% of the total net income for the 2013 financial year. actuarial profits and losses) is recognized immediately in other comprehensive income. Reports on the realization of the Use of Proceeds were already reported by the Company to OJK (formerly Bapepam). the Company admitted it in the profit or loss using an approach allowing the suspension of recognition on the actuarial profits and losses. DIVIDEND PAYMENT In the Company's Annual GMS dated June 5. Acquisition or Debt/Capital Restructuriing given in the 2015 financial year.000 shares or 19.82%. In addition. 2013 determined that the dividend payment policy effective from the 2013 financial year was 35% of Net Profit after Tax at the maximum.000 or 10.000 or 7. The cash dividend was paid to shareholders on July 3. CHANGES IN LAWS AND REGULATIONS Throughout 2015. 2015. 2015. ACQUISITION OR DEBT/CAPITAL RESTRUCTURING There was no approval for new Investment.

. among others: 1. in 2015 the Company also completed the Charters of the Board of Commissioners. reporting and accountability. the Company's professional management without pressure from certain parties and compliance to the legislation in force. On July 31. set the outline on matters that should be regulated in the Board of Commissioners Charter and the Nomination and Remuneration Committee Charter. duties. responsibility to the community. The Board of Commissioners dissolved its 3 (three) committees and currently only has 2 (two) Committees namely the Audit Committee and Nomination and Remuneration Committee. 33 regarding the Board of Commissioners Meeting. namely the Compliance Committee. Independency and Fairness. One of the improvements made in 2015 was by making the 2014 Annual Report in English edition available in the Company's website. Regulation on Public Company's Board of Directors is stipulated further in OJK Regulation No. values. On April 29. it is now started to be read to the participants.04/2014 on the Board of Directors and Board of Commissioners of Public Listed Companies or Public Companies. While the Board of Directors has 2 (two) Committees namely the Disciplinary & Compliance Committee and Risk Management and Insurance Committee. 2015. and Executive Committee. 34 regarding membership of the Nomination and Remuneration Committee. the Board of Commissioners performed its duties by conducting various activities. While the Board of Commissioners's Code of Conduct is already provided in the Code of Conduct established by the Company since 2002 and continuously enhanced in line with the development of the Company and the AGC Group. The Charter was already approved and signed by the Board of Commissioners. BOARD OF COMMISSIONERS Pursuant to the Company's Articles of Association. Other improvements related to GMS implementation mechanism included. Charter and Code Of Conduct To enhance GCG implementation performance and transparency. authorities and obligations. which have been the guidelines for the Company to run its business. 3. 2015. The Company also continued to perform GCG Self Assessment by referring to the ASEAN Corporate Governance Scorecard and continued to improve the weaknesses found out from the assessment. Risk Management and Insurance Committee. 31 ANNUAL REPORT 2015 PT Asahimas Flat Glass Tbk GOOD CORPORATE GOVERNANCE The Company is fully committed to continuously improve and implement Good Corporate Governance (GCG) consisting of Transparency. The Company's Wesbite as the main gateway for Stakeholders in obtaining information has also been adjusted with OJK regulation. Charter for the Board of Commissioners and Code of Conduct are already fully disclosed in the Company's website. which previously reported to the Board of Commissioners. On August 24. the GMS invitation delivery was adjusted from to 14 days to become 21 days prior to GMS holding. GCG principles implementation shall mean timely and accurate information disclosures. The Executive Committee. approved working capital loan facilities from banks amounting to USD10 million. Board of Directors and Employees. the Company strives to continuously align its Governance Practices with the Roadmap and Guidelines. in 2015 the Board of Commissioners completed the Board of Commissioners Charter. among others: membership. 33/POJK. Contents of this Charter are already in comformity with OJK stipulations. hand-out of GMS rules. was already dissolved. Accountability. equal treatment for all stakeholders. Board of Directors and the Nomination and Remuneration Committee. clarity of the functions and responsibilities of the Company's organs. dissolved several committees under the Board of Commissioners. working time. The Company expects that the efforts made in laying the GCG value foundation will correlate in increasing its performance in the long term and increasing the Company's values for the Stakeholders. Implementation of Board of Commissioners Duties In 2015. and also the Board's mistakes or negligence in performing its duties. The Code of Conduct applies to the Company's Board of Commissioners. Responsibility. With the issuance of GCG roadmap at the beginning of 2014 and the Guidelines for Corporate Governance for public companies by Otoritas Jasa Keuangan (“OJK”) in 2015. 2. These changes were made because some Committees activities were already represented in the Board of Commissioners and Board of Directors Joint Meeting. the Board of Commissioners (“BOC”) oversees the Board of Directors' policies in managing the Company and provides advices to the Board of Directors as well as performing other things specified in the Articles of Association or determined from time to time by the GMS. which previously was only distributed to participants. In addition. the Board of Directors Meeting as well as the Board of Commissioners and Board of Directors Joint Meeting as well as OJK Regulation No. Refer to new OJK Regulation No. board meetings. the Company has restructured the numbers of its Committees. 2015.

2015. On August 24.04/2014 on the Board of Directors and Board of Commissioners of Public Listed Companies or Public Companies. 2015. Board of Commissioners Meetings In 2015. . the Board of Directors is given clear authority and responsibility in accordance with the Company's Articles of Association as referred to prevailing rules and regulations.000 a year. Name Position 29 Apr 25 Jun 25 Aug 25 Oct 25 Dec 1 Tan Pei Ling President Commissioner • • • • • 2 Kimikazu Ichikawa** Vice President Commissioner • . . The Board of Commissioners composition based on the resolution of the Company's Annual GMS held on June 5. 2015 was 6 (six) person including 1 (one) President Commissioner and 2 (two) Independent Commissioners. the Board of Commissioners determined the salary and/or allowances received by all members of the Board of Commissioners for 2015 amounted to Rp 3. the Board of Commissioners held 5 (five) meetings and 2 (two) joint meetings with the Board of Directors. On December 18.e: on April 29. .510 million.BOD Joint Meeting There were 2 BOC-BOD Joint Meetings held in 2015. BOARD OF DIRECTORS The Board of Directors (“BOD”) is the Company's organ fully responsible for ensuring that the Company's management is to run according to the interests of shareholders and other stakeholders.BOD Joint Meeting is as follows: Board of Commissioners Meetings 2015 No. 2015. with term of office until the closing of the 2016 AGMS is as follows: President Commissioner TAN PEI LING Vice President Commissioner MASAHIRO TAKEDA Commissioner TJAHJANA SETIADHI Commissioner TAKEO TAKEI Independent Commissioner BENYAMIN SUBRATA Independent Commissioner HIDEYA TANAKA Procedure and Determination of the Board of Commissioners' Remuneration On June 5. 33/POJK. The two meetings were attended by almost all members of the Board of Commissioners and Board of Directors. The attendance of members of the Board of Commissioners in the BOC . Pursuant to the recommendations from the Company's Nomination and Remuneration Committee. 2015.PT Asahimas Flat Glass Tbk ANNUAL REPORT 2015 32 GOOD CORPORATE GOVERNANCE 4. The Board of Directors reports its accountability for the performance of its duties to the GMS. i. 5. In performing its duties. pursuant to the authority delegated by the GMS. • • • • 6 Takeo Takei Commissioner • • • • • 7 Benyamin Subrata Independent Commissioner • • • • • 8 Hideya Tanaka Independent Commissioner • • • • • * Has been serving since June 5. - 3 Masahiro Takeda* Vice President Commissioner . 2015. . the Company's Annual GMS granted authority to the Board of Commissioners to determine the salary and/or benefits for members of the Board of Commissioners not exceeding USD 750. 6. 2015 • Attending . This is in accordance with OJK Regulation No. On December 18. the Board of Commissioners appointed the Public Accountants Firm "Siddharta Widjaja & Partners" to audit the Company's books for the financial year 2015 and approved the audit fees and other terms and conditions. approved to receive an investment loan facility from banks amounting to USD 60 million. . approved the Company's annual working plan and budget in 2016 including 2016 Corporate Social Responsibility activities budget which was prepared and submitted by the Board of Directors. Composition of the Board of Commissioners The number of the Company's Board of Commissioners members as of December 31. - 5 Tjahjana Setiadhi* Commissioner . • • • • 4 Andi Purnomo** Commissioner • . 2015 and December 18. 2015. 2015 BOC.Not Serving ** No longer in service after June 5.

serving as the Director responsible for managing and supervising the activities of Purchase & Logistic Center and Corporate HSE. 33 ANNUAL REPORT 2015 PT Asahimas Flat Glass Tbk GOOD CORPORATE GOVERNANCE Charter and Code of Conduct Similar to the Board of Commissioners. b. Director of Flat Glass Business Unit is responsible for managing and supervising the operations of Flat Glass Business Unit. 11. 7. 3. Director of Finance is responsible for managing the Company's finance. Director of Administration is responsible for managing and coordinating all activities under the Human Resources and Administration and supervising the operations of Flat Glass Business Unit in Sidoarjo and Corporate MIS. 9. meetings. Director of Automotive Glass Production is responsible for assisting the management and supervising the operation of Automotive Glass Business Unit and the development of Flat Glass project in Cikampek.04/2014 on the Board of Directors and Board of Commissioners of Public Listed Companies or Public Companies. In determining salaries and/or allowances of all Members of the Company's Board of Directors. the Board of Commissioners always takes into account of various factors. Duties and Responsibilities of each member of the Board of Directors are as follows: 1. Director of Flat Glass Sales and Marketing is responsible for assisting the sales. . 4. assisting the President Director and performing general tasks of the Board of Directors member. BOD Charter stipulates several matters. values. mistakes or neglegence in performing duties. 2. reporting and accountability. duties. Vice President Director is responsible for: a. 2015. 6. Board of Directors and Employees. one of which is the realization of the Key Performance Indicator (KPI) achievement and the Company's soundness. Independent Director is responsible for managing Corporate Affairs activities. The Company's Code of Conduct applies to the Company's Board of Commissioners. 8. The segretation of duties and responsibilities of members of Board of Directors is based on the Board of Directors' decision. The Company's good performance will also provide added value to the performance assessment of the Company's Board of Directors. 10. President Director is responsible for directing and coordinating the activities and tasks of the members of the Board of Directors in general. authorities and obligations. the Board of Directors members sign a statement representing that they understand and adhere to the matters set forth in the Company's Code of Conduct. This Charter was already approved and signed by all members of the Board of Directors and will be reviewed periodically. among others: membership. working time. 33/POJK. in 2015 the Board of Directors has also set BOD Charter and Code of Conduct prepared based on OJK Regulation No. 5. the Board of Commissioners determined the salaries and/or allowances received by all members of the Board of Directors for 2015 amounting to Rp 26. marketing and the flat glass quality as well as supervising the quality of automative glass product. Based on the Nomination and Remuneration Committee's recommendations. Non Executive Director is responsible for bridging the interest of the majority shareholders and the Company. Director of Production is responsible for the development of flat glass factory project in Cikampek.197 million. AGMS delegated the authority to determine salaries and/or benefits received by the Board of Directors and Board of Commissioners. Periodically. Scope of Work and Responsibilities of the Board of Directors Board of Directors is the Company's Organ in charge and responsible to execute management function in accordance with the Company's goals and objectives. Director of Automotive Glass Business Unit is responsible for managing and supervising the operations of Automotive Glass Business Unit. Procedures and Determination of Remuneration of Board of Directors Based on the Company's Performance On June 5.

GENERAL MEETING OF SHAREHOLDERS The Company's Annual GMS was held on June 5. . . 2015 and December 18. . agenda and procedures were already in accordance with OJK Regulation No. . If a shareholder has more than one share. 2015 or 14 (fourteen) days before the GMS Invitation. 2015.04/2014. mechanism. without calculating the Announcement date and Invitation date. on April 29. . . 32/POJK. • • • • • • • 8 Prasetyo Aji Director • • • • • • • • • • • • 9 Michitaka Goto* Director .Not Serving ** no longer served after June 5. • • • • • • • 10 Yasushi Kawamoto** Director • • • • • .04/2014 on the Planning and Holding of the General Meeting of Shareholders of Public Company. . The two meetings were attended by almost all members of the Board of Directors and Board of Commissioners. While the GMS Invitation and agenda including agenda explanation were held on May 13. . 2015. the Board of Directors held 12 (twelve) meetings. Annual GMS Voting and Votes Counting Decision making. 2015 *** served as Director up to June 5. During 2015. David Satria Soetedja*** Vice President Director • • • • • • • • • • • • 4 Naomasa Taniguchi Director • • • • • • • • • • • • 5 Mitsuhiro Yoshikado Director • • • • • • • • • • • • 6 Yoshiki Inoue** Director • • • • • . each share entitles its owner to cast 1 (one) vote. . . - 3 E. and voting procedures are set in the GMS Rules which being read at the beginning of the GMS holding. . . 2015 at Hotel Holiday Inn Jakarta Kemayoran. . . . - 11 Tjio Ferry Susanto Director • • • • • • • • • • • • 12 Mohamad Amien* Director . . he/she is only asked to give one vote and that vote represents all the shares he/she owns or represents. Whereas in votes counting.e. 2015. . - 7 Sadayoshi Shinotsuka* Director . . . . The procedure for holding the Meeting is set in the Board of Directors Guidelines referring to OJK Regulation No 33/POJK. . 2015 and started to serve as Vice President Director in June 5. 2015 • Attending . . Jakarta. GMS Announcement and Invitation were done through national newspapers in Indonesian language as well as through the Company's website in two languages and on the Indonesia Stock Exchange's website. . . without calculating the invitation date and the GMS date. while the attendance of the Board of Directors members at the meetings are as follows: Board of Directors Meeting Month No. • • • • • • • 13 Tatsuo Sugiyama Director • • • • • • • • • • • • 14 Rusli Pranadi Independent Director • • • • • • • • • • • • * has been serving since June 5. The GMS materials. .PT Asahimas Flat Glass Tbk ANNUAL REPORT 2015 34 GOOD CORPORATE GOVERNANCE Board of Directors Meeting BOD Meeting shall be held at least once in every month while BOC-BOD Joint Meeting shall be carried out periodically at least once in 4 (four) months. 2015 Board of Directors and Board of Commissioners Joint Meeting There were 2 (two) BOD-BOC Joint Meetings held in 2015. i. The Company also published curriculum vitae of candidates for members of the Board of Directors and/or members of the Board of Commissioners to be elected on the Company's website in conjunction with the Invitation on May 13. . Any Shareholders or proxies have the right to ask and/or submit opinions to the Meeting Chairman before voting for each meeting agenda. . Announcement and Invitation GMS Announcement was conducted on April 28. . or 21 (twenty-one) days prior to the GMS. Name Position Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1 Mampei Chiyoda President Director • • • • • • • • • • • • 2 Tjahjana Setiadhi** Vice President Director • • • • • .

000 (per annum). a. Determined the use of the Company's net income for the 2014 financial year as follows: i. for the management actions and supervisory actions undertaken during their service as members of the Board of Commissioners and the Board of Directors. Approved the change of the Board of Commissioners and Board of Directors composition to be as follows: President Commissioner TAN PEI LING Vice President Commissioner MASAHIRO TAKEDA Commissioner TJAHJANA SETIADHI Commissioner TAKEO TAKEI Independent Commissioner BENYAMIN SUBRATA Independent Commissioner HIDEYA TANAKA for the term of office until the closing of the AGMS in 2016. as much as Rp 34.25.001. as long as their actions are reflected in the Company's books or records. and Financial Statements for the 2014 financial year audited by Public Accountants Firm "Siddharta Widjaja & Rekan” (a member firm of "KPMG International") with "unqualified" opinion as contained in the report dated March 25. as much as Rp 4.000. to select and assign public accountants firm to audit the Company's financial statements for the 2015 Fiscal Year and determine the fees and terms of appointment. b. Released and fully discharged (acquit et de charge) members of the Board of Directors whose terms of ofice ended immediately after the closing of this meeting. ii. President Director MAMPEI CHIYODA Vice President Director E. Granted power and authority to the Company's Board of Directors to perform any and all actions necessary in connection with the above-mentioned resolutions. as long as the actions are reflected in the said Annual Report.as much as Rp 419.000 will be distributed as cash dividends to the Company's shareholders so that each share will receive Rp 80 cash dividend. . including Independent Commissioner in USD not exceeding USD 750. Gave authority to the Board of Commissioners to determine the amount of salary and allowances for members of the Board of Directors. Delegated authority to the Board of Commissioners.000 will be recorded as retained earnings to be used to increase the Company's working capital.14-4324-15/III. 4. DAVID SATRIA SOETEDJA Director NAOMASA TANIGUCHI Director MITSUHIRO YOSHIKADO Director SADAYOSHI SHINOTSUKA Director PRASETYO AJI Director MICHITAKA GOTO Director TJIO FERRY SUSANTO Director MOHAMAD AMIEN Director TATSUO SUGIYAMA Independent Director RUSLI PRANADI for the term of office until the closing of the AGMS in 2017. 35 ANNUAL REPORT 2015 PT Asahimas Flat Glass Tbk GOOD CORPORATE GOVERNANCE 2015 GMS Resolution and its Realization The 2015 Annual GMS resolved 5 proposed agenda through voting mechanism. iii. 3. L.720.000. in accordance with the prevailing legislation. b. 2015 No. a.000 will be allocated and recorded as statutory reserved fund. Report on Board of Commissioners Supervisory. To determine the amount of salary and/or allowances for all members of the Board of Commissioners. fully discharged the Board of Directors and the Board of Commissioners (acquit et de charge) from their responsibilities in respect of the management actions and supervisory actions that were alrready performed. Details of the resolutions realized in 2015 are as follows: 1. 2. and gave authority to the Board of Commissioner meeting to determine the amount of salary/allowances for each member of Board of Commissioners for 2015.415. Approved and endorsed the Company's Annual Report for the 2014 financial year including the Company's Annual Report. b.500. 5 a.

SH. as required by and in accordance with the prevailing legislation. including but not limited to state the resolutions in a notarial deed. The Audit Committee consists of four (4) members. At present he also serves as Commissioner and Director of several companies that are not affiliated with the Company. For more than 30 years. 3. in 2001 the Board of Commissioners established the Audit Committee. the United Kingdom. Susanto has an educational background in Electrical Engineering from Trisakti University. From 1971 to 1976 he worked in the Directorate General of State Finance Supervisory. From 1974 to October 2011. and subsequently to apply for approval and/or notify the resolutions of this Meeting and/or amendments in the Articles of Association. b. He has been serving as Audit Committee Chairman for 2 (two) periods: 2010-2013 and 2013-2016.member firm of Ernst & Young Global and from 2002 to 2004 as Advisory Board at Public Accountants Firm Prasetio. Agreed to grant the authority and power to the Board of Directors. Accounting Department of Gajah Mada University. Approved. Drs. to the relevant institutions as well as perform any and all necessary measures. whose term of office shall be no longer than the term of office of the Board of Commissioners as stipulated in the Company's Articles of Association and can be reaapointed for only 1 (one) next period. He has been serving as Member of the Audit Committee for 2 (two) periods: 2010-2013 and 2013-2016.2016. he has been actively handling and managing business in construction. amended and restated the Company's Articles of Association. Sarwoko & Sanjaja . SH. in accordance with the applicable rules and regulations. The latest composition Audit Committee based on the Board of Commissioners Decision No. he served as Director of the company from 1996 to 2006. A. industry. 55. Susanto (Member) Ir. insurance. 2. Jakarta. and has worked with the Company since 1972. LL. 2013 is as follows: 1. 4. From 1976 to 1988 he served as Partner in Public Accountants Firm Hanadi Rahardja and co-member firm at Grant Thornton International and from 1988 to 1998 as Executive Partner at Public Accountants Firm Hanadi Sudjendro & Partners . Sarwoko & Sandjaja - member firm of Ernst & Young Global. to perform any and all measures required in connection with the resolutions. . Dr. Seattle-USA (Master's degree) and Airlangga University (Doctorate degree). AUDIT COMMITTEE To support GCG implementation. make or order to make as well as to sign deeds and letters or documents required.M (Member) Dr. amend and/or reinstate the Company's Articles of Association in accordance with the resolution (including to reaffirm shareholders structure in the notarial deed if required). and Secretary of Indonesian Institute of Commissioners and Directors (LKDI) and Lecturer in the Master of Law Study of the University of Indonesia. Partomuan Pohan. and three (3) members from independent outsiders. with substitution right. SH. He completed his education in Mechanical Engineering in Sussex University. Ir. All resolutions of the Annual GMS and Extraordinary GMS in 2015 are already realized by the Company. or the Company's shareholders. retail. A. all members of the Audit Committee have no affiliation with members of the Board of Commissioners.member firm of KPMG. Partomuan Pohan. he led the office of Public Notary and Land Deed Officer (PPAT) ”Dr. LL. as described in the Meeting. Partomuan Pohan.001/ AMFG.M”. In accordance with the 2015 OJK Regulation No.M is a graduate of the Faculty of Law of Universitas Sriwijaya (Bachelor's degree). A. Hariawan Pribadi (Member) Hariawan Pribadi is a graduate from the Faculty of Economics. University of Washington. including to amend the Articles of Association in order to adapt to the OJK regulations. He has been serving as member of Audit Committee for 2 (two) periods: 2010 . From 1998 to 2002 as Executive Partner at Public Accountants Public Firm Hanadi. members of the Board of Directors.COM/V-2013 dated May 31. He is still active as Chairman of the Centre of Company Law and Notarial Study Foundation (YPPHPN). Benyamin Subrata (Chairman) Benyamin Subrata serves concurrently as the Company's Independent Commissioner and Audit Committee Chairman. mining and electrical power. including Independent Commissioner who also acts as Chairman. He has a background in Accounting and Finance. property. LL. He serves as the Audit Committee Member from 2013 to 2016.2013 and 2013 . member of the Board of Experts of Indonesian Listed Companies Association (AEI).PT Asahimas Flat Glass Tbk ANNUAL REPORT 2015 36 GOOD CORPORATE GOVERNANCE Resolutions of the Extraordinary GMS were as follows: a.

Board of Directors and Nomination and Remuneration Committee Charters. 6. 13. VIII. 16. namely the construction project of new flat glass factory in Cikampek. 2014 along with the Company's Management and External Auditor. 3. To review and give recommendation on the appointment of External Auditors to audit the Company's Financial Statements for the 2015 financial year.7. of Meetings Name Position attended Benyamin Subrata Chairman 9 Dr. 14. the Audit Committee keeps confidential the Company's documents. To review complaints related to accounting and financial reporting processes of the Company 7. 3. . KEP-347/BL/2012 regarding amendments to Regulation No. To provide independent opinion in the event of disagreements between management and the public accountants (External Auditor) on the services rendered. Partomuan Pohan. scope of assignment and audit fee. the Audit Committee convenes at least four (4) times a year.7 regarding Financials Statement Presentation and Decision No. To review results of the examination conducted by the Corporate Internal Audit during 2014. 2015. To review and report to the Board of Commissioners on complaints related to the Company. To share information regarding Audit Committee Seminar materials held by IKAI (Indonesian Institute of Audit Committee) followed by the Company's Audit Committee members to the Company's management. To provide recommendations to the Board of Commissioners on the appointment of accountants which are based on independence. To review the implementation of investigation by the Corporate Internal Audit. 5. 7. To review the Company's business results in 2015. Audit Committee Meeting Policy In accordance with the Audit Committee Charter. Throughout 2015. The Audit Committee provides monthly reports in the minutes of meetings to the Board of Commissioners containing information of matters of importance. 34 and 35. Hariawan Pribadi Member 15 The agenda of Audit Committee meetings in 2015 is as follows: 1. are already made in accordance with Statement of Financial Accounting Standards (SFAS) and Bapepam-LK Regulation No. To review amendments to the Company's Articles of Association in 2015. the Audit Committee coordinates with Corporate Internal Audit. the Audit Committee convened 15 (fifteen) meetings with the attendance level as follows: No. To monitor the improvement of the Company's GCG in order to implement ASEAN Corporate Governance Scorecard.G. To communicate directly with Jakarta's Plant Maintenance Division. 32. VIII. In performing its duties. To review the Company's Financial Statements as of December 31. To review several OJK regulations namely the 2014 POJK No. LL. The Company's management in 2015 has adhered to the provisions of prevailing laws and regulations. 4. To discuss with management the investments made by the Company. To review the draft of the Board of Commissioners. 12. 8. data and information. To conduct assessment on Corporate Internal Audit operations. 37 ANNUAL REPORT 2015 PT Asahimas Flat Glass Tbk GOOD CORPORATE GOVERNANCE Duties of Audit Committee The Audit Committee has task to assist the Board of Commissioners in performing supervisory functions in accordance with the duties and responsibilities specified in the Audit Committee Charter as follows: 1.M Member 14 Ir. SH. To review the financial information that will be published by the Company to the public and/or authorities. The Company's financial statements of the financial year ending December 31. 11. 8. 15. 33. Financial Projections and other statements relating to the Company's financial information. among others. To visit major projects being developed by the Company. 2. 10. A. Susanto Member 13 Drs. To review of the Company's performance every quarter during 2015. In performing its supervisory duties. To conduct discussions with the Company's External Auditors on the preparation of audit of the Company's 2015 Financial Statements. Corporate HSE and Flat Glass Sales & Marketing Center as the implementation of the Audit Committee Charter concerning the Audit Committee Authority. 2. To review the Company's compliance with laws and regulations related to the Company's activities.G. 4. Financial Statements. 5. among others: 1. To review of the Company's 2015 business plan prepared by the Board of Directors. 2. 9. 6.

c. Propose qualified candidates as the Board of Directors and/or the Board of Commissioners members to the Board of Commissioners to be submitted to the GMS. competency and responsibility of the Board of Directors and the Board of Commissioners. Tan Pei Ling Member (President Commissioner) 3. procedures for replacing members. Remuneration structure. there are two categories related to remuneration function. 3. Profiles of the members of the Nomination and Remuneration Committee can be seen in the Profiles of the Board of Commissioners. 2. . The Charter should be published in full on the Company's website.e. namely: 1.04/2014 on the Issuer and Public Company's Nomination and Remuneration Committee. i. the Company's Nomination and Remuneration Committee (NRC) released NRC Charter. namely: 1. Nomination Function Based on the NRC Charter. there are four categories related to the nomination function. Benyamin Subrata Chairman (Independen Commissioner) 2. making the Company's Nomination and Remuneration Committee composition to be as follows: No. Performance evaluation policy for members of the Board of Directors and/or the Board of Commissioners. Remuneration Function Based on the NRC Charter. Policies and criteria required in the Nomination process. Assist the Board of Commissioners in assessing the performance of the Board of Directors and/or the Board of Commissioners members based on the benchmarks developed as an evaluation. the Company renewed the composition of the Nomination and Remuneration Committee in order to conform with OJK Regulation Number 34/POJK. Membership and Term of Office Pursuant to the stipulations on the Membership and Terms of Office provided in the OJK Regulation No. committee meetings. activity reporting system. Provide recommendations to the Board of Commissioners regarding capacity building programs for the Board of Directors and/or the Board of Commissioners members. Remuneration policy and remuneration amount. Composition of the Board of Directors and/or the Board of Commissioners.PT Asahimas Flat Glass Tbk ANNUAL REPORT 2015 38 GOOD CORPORATE GOVERNANCE 3. Tjahjana Setiadhi Member (Commissioner) Term of office of the Company's Nomination and Remuneration Committee will end at the 2016 Annual GMS or no longer than the term of office of the Board of Commissioners as set out in the Articles of Association. www. based on the Auditing Standards established by the Indonesian Public Accountant Institute with unqualified opinion. member of KPMG International.04/2014. Name Position 1. Provide recommendations to the Board of Commissioners on: a.amfg. The Charter was already approved and signed by all members and are binding all members of the Nomination and Remuneration Committee. 2015 are already audited by Public Accountants Firm Siddharta & Widjaja. the Company dissolved the old Nomination and Remuneration Committee members and based on the Board of Commissioners Meeting Decision dated June 25. all of which are members of the Board of Commissioners and the chairman is held by an Independent Commissioner. procedures and working procedures. Internal control system has functioned effectively NOMINATION AND REMUNERATION COMMITTEE In order to improve the application of GCG principles in the Company with regard to the transparency of the Nomination and Remuneration process and to improve the quality. b. Provide recommendations to the Board of Commissioners on: a. 4. term of office and values. 2. The Company's financial statements for the financial year ending December 31. Nomination and Remuneration Committee Charter In 2015. 4.co. Assist the Board of Commissioners in conducting performance appraisal in conformity with the remuneration received by each member of the Board of Directors and/or the Board of Commissioners. 2015. the Board of Commissioners has decided that the new membership of the Nomination and Remuneration Committee comprises of 3 (three) persons. The Charter includes the provisions on duties and responsibilities. composition and membership structure.id. b. 34/POJK.

Finance risk. 2015 with 100% attendance rate. 34/POJK. 2015 with 100% attendance rate of each NRC member. the Committee is now under the Board of Directors. 3. Legal risk. there have been 2 (two) NRC meetings. such as Operational risk. August 13 and November 5. Formulate the contents of the NRC Charter to conform to OJK regulations. i. 2015. Nomination and Remuneration Committee Meeting NRC Meeting is held periodically at least once in 4 (four) months. the new membership of Discipline and Compliance Committee comprises of 9 (nine) members of the Board of Directors as follows: Chairman Member Profiles of the members of Discipline and Compliance Committee can be seen in the Profiles of the Company's Board of Directors. namely: Chairman Member Profiles of the members of Risk Management and Insurance Committee can be seen on the Profiles of the Board of Directors. Based on the Board of Directors Decision dated August 29. and Hazard risk. but in line with the requirements. Procedures for holding NRC Meeting has been set out in the NRC Charter as referred to in OJK regulation No. Since the new Nomination and Remuneration Committee formation. In performing its duties.04/2014. During 2015. the two committees were combined into one committee and is now under the Board of Directors. Provide recommendations regarding changes to the Board of Commissioners and the Board of Directors and remuneration policy making for each member of the Board of Commissioners and the Board of Directors. including internal regulations existing in the Company. on May 27 and June 25. DISCIPLINE AND COMPLIANCE COMMITTEE Disciplinary and Compliance Committee is formerly Compliance Committee under the Board of Commissioners and Disciplinary Committee under the Board of Directors. This committee is responsible for the implementation of the Company's compliance upon the applicable laws and regulations. 2. the Nomination and Remuneration Committee makes decisions independently. . Based on the Board of Directors Decision dated August 26. but in line with the requirements. RISK MANAGEMENT AND INSURANCE COMMITTEE Risk Management and Insurance Committee is formerly a Committee under the Board of Commissioners. 39 ANNUAL REPORT 2015 PT Asahimas Flat Glass Tbk GOOD CORPORATE GOVERNANCE Duties and Responsibilities The Nomination and Remuneration Committee is a committee established by and responsible to the Board of Commissioners to assist the Board in carrying out its functions and duties related to Nomination and Remuneration of the Board of Directors and the Board of Commissioners. including: 1. This Committee is tasked to design a strategic policy and control the risks that will be encountered by the Company. this Committee has taken several decisions. the new membership of Risk Management and Insurance Committee comprises of 9 (nine) members of the Board of Directors. The Committee also provides advices and recommendations to the Board of Commissioners in respect to the risks on the Company's assets and wealth that need to be insured. this Committee organized 3 (three) meetings on April 13. 2015.e. Since the establishment of the new membership. Provide recommendations to the Board of Commissioners on conditions and rules for the Company's Board of Commissioners.

Prior to becoming Corporate Secretary. e. 2.04/2014.04/2014. i. most recently as Assisstant Center Manager in the Purchasing and Logistics. h. Several activities carried out by Corporate Secretary in 2015 include the following: a. 6. Christoforus graduated from Tarumanagara University majoring in Management in 1995. d. Evaluation of reports on breaches conducted by employees in 2015 and suggestions to improve the procedure to impose sanctions for breaches. 7. Report of Company Debts/Liabilities in Foreign Exchange and others. l. financial statements. 2015. CORPORATE SECRETARY Corporate Secretary plays an important role in creating good communication between the Company and its shareholders and other stakeholders. To assist the Board of Directors and the Board of Commissioners in adjusting the Company's GCG implementation in line with OJK Regulation and GCG Guidelines for Public Companies. Indonesia National XBRL Conference by the Indonesia Stock Exchange. i. 2014. to discuss various issues related to the Company's compliance in carrying out the operations. The Board of Directors has appointed Christoforus as Corporate Secretary by virtue of the Board of Directors Meeting Decision No. 9. To keep abreast of developments in the capital market and its regulations and give input to the BOD and the BOC to comply with those regulations. help prepare BOC and BOD Charter to comply with OJK Regulation No. among others: 1. GMS reports. OJK's New Regulations Enforcement by the Capital Market Legal Consultants Association. Public Expose. 8. k. The appointment was already reported to OJK and BEI (IDX) and other capital market supporting institutions on May 13. which became effective on May 20. GCG Guidelines for Public Company by OJK. To assist the BOC in adjusting Nomination and Remuneration Committee composition and Charter in line with OJK Regulation No. Discussion on OJK's new Regulations No. To continue disseminating the Company's Code of Conduct and Whistleblowing System to all employees. Submission of the Issuer's Financial Statements in accordance with the 2015 SFAS by the Indonesian Central Securities Depository. Public Seminar on Business Competition Supervisory Commission (KPPU)'s Business Competition Examination by the University of Pelita Harapan. Important decisions produced by this Committee are as follows: 1.e on May 7. To amend the Articles of Association to comply with OJK's new regulations. 3. including annual reports. j. Code of Conduct of Board of Commissioners and Board of Directors by the Indonesian Corporate Secretary Association.PT Asahimas Flat Glass Tbk ANNUAL REPORT 2015 40 GOOD CORPORATE GOVERNANCE In 2015. 2014. To perform mandatory reporting to regulators in a timely manner. To attend Board of Directors Meetings regularly and prepare minutes of meetings. To make changes to the contents of the Company's website in order to comply with OJK Regulation No. To organize GMS and Dividends distribution in accordance with the procedures set out in OJKRegulation Number 32/POJK. The function of Corporate Secretary is to ensure the dissemination of material information in a timely and accurate manner to all stakeholders. c. 33/POJK. this Committee held 2 (two) meetings. Advertisement Proof Report.8 /POJK. and joined the Company in 1999. To welcome visit and teleconference from investors and analysts to know directly the Company's latest development. Corporate Secretary is responsible to the Board of Directors for the matters related to Good Corporate Governance and the Company's compliance with the prevailing laws and regulations especially the capital market regulations. he has occupied various positions in the Company. 10.04/2015. Attendance rate of the two meetings was 100%. 4. 34/POJK.04/2014. 2014. 5. . Ltd. To organize the Company's Public Expose in conjunction with the Investor Summit and Capital Market Expo 2015 in the Indonesia Stock Exchange Building. Corporate Secretary attended trainings. Throughout 2015.. Monthly Report of Securities Holders Registration. 2015 and December 4. Monthly seminar held by Indonesian Corporate Secretary Association. Anti Trust Seminar by Asahi Glass Co. f. 002 / AMFG-BOD / 04-2014 dated April 30. g. Japan. 32-36 Year 2014 by OJK. To adjust the schedule of BOC Meeting and BOD Meeting as well as BOC-BOD Joint Meetings. Corporate Governance Training by OJK. Evaluation on the implementation of compliance regulatory policies both with capital market regulations and the Company's internal regulations 2. b.

the Company's Corporate Internal Audit had 3 (three) members. obtained his Qualified Internal Auditor (QIA) Certification No: 3309/QIA/2012 and Chartered Accountant (CA) Certification in 2013. pursuant to the Board of Directors Decision No. Head of Corporate Internal Audit is Patikkos Siahaan.I. authority and scope of work of the Company's Corporate Internal Audit. To improve competencies and capabilities of Corporate Internal Audit personnel. Previously. 41 ANNUAL REPORT 2015 PT Asahimas Flat Glass Tbk GOOD CORPORATE GOVERNANCE CORPORATE INTERNAL AUDIT Internal Supervision and Control The Company's Corporate Internal Audit was established on June 21. KEP-496/BL/ 2008 regarding the Establishment and Guidelines for Internal Audit Charter. 2009. Structure and Position of Corporate Internal Audit The Company's internal supervision and control are evaluated by Corporate Internal Audit chaired by Head of Corporate Internal Audit who directly reports to the Company's President Director and Vice President Director. the Company's internal control function was named Internal Control Group and formed in 2000.8419) in 2015. duties and responsibilities. Corporate Internal Audit Charter In accordance with Regulation No. including 1 (one) Head of Corporate Internal Audit. Number and Competency of Corporate Internal Audit Employees By end of December 2015.7 the Attachment of Bapepam and LK Chairman Decision No. . the Company registered all members of the Corporate Internal Audit in the Qualified Internal Auditor (QIA) certification program held by “YPIA” Internal Audit Education Foundation. IX. the Company's President Director and Vice President Director set forth Internal Audit Charter on November 10. He earned his Bachelor of Accounting from Sekolah Tinggi Ekonomi Indonesia in 1995 and passed his State Exam in Accounting with Accountant State Registry (RNA . 2013. has been serving as the Company's Head of Corporate Internal Audit since June 1. In addition. 2009 as the details of the vision and mission as well as functions. 002/AMFG-BOD/05-2013 dated May 29 2013. GMS Board of Commissioners Board of Directors Audit Corporate Committee Internal Audit Flat Glass Corporate Automotive Glass General Division General Division Profile of Head of Corporate Internal Audit Patikkos Siahaan. he also has an experience as Finance & Accounting Manager at the Company's factory in Cikampek.

controlling and managing risks. controlling and mitigating the risks faced by the Company. RISK MANAGEMENT SYSTEM The Company's Risk Management System At the moment.Jun 4 Suspense. To conduct special audit if necessary. 6. 9. To examine and evaluate the implementation of internal control and risk management system in accordance with the Company's policies. The Company has formed Risk Management & Insurance Committee that assists the Company in monitoring. 2. 8. SPI assists the Company in control mechanism such as assets maintainance. To prepare and implement annual work plan of Internal Audit. fraud and employee disciplinary violation. 7. 4. the Company has in place risk management governance infrastructure as well as other supporting elements that support the system.Feb 2 Special Budget & Work Order in Flat Glass Factory in Sidoarajo Mar . giving advice for improvements and increasing the effectiveness of risk management control and GCG as stipulated in the Corporate Internal Audit Charter. Evaluation of Internal Control System Effectiveness To evaluate the effectiveness of SPI. as well as mitigating the risks of financial and operational losses.Oct 7 Inventory Store Good in Jakarta's Flat Glass Factory Oct . Advance payment and Petty Cash at the Company's three Factories Jul 5 Payroll Process in Jakarta's Flat Glass Factory Jul . accounting. The Company has formed an effective SPI to assist the Company in obtaining reliable financial information. To work closely with the Audit Committee. among others: No. approved by the President Director and Vice President Director. 3. impact of loss. To monitor. operations. 5. To provide advice for improvements and objective information regarding the activities at all management levels.Dec 8 Waste Material Management in Jakarta's Flat Glass Factory Nov . analyze and report to the Company's President Director and Vice President Director the implementation of follow- up of the suggested actions for improvements. marketing and information technology and all other aspects of the Company's activities. which regulates the duties and responsibilities of the Corporate Internal Audit as follows: 1.Aug 6 Inventory Sub Material in Cikampek's Otomotive Glass Factory Sep . Corporate Internal Audit Activities in 2015 In 2015. .PT Asahimas Flat Glass Tbk ANNUAL REPORT 2015 42 GOOD CORPORATE GOVERNANCE Duties and Responsibilities based on Corporate Internal Audit Charter Corporate Internal Audit is tasked to provide assurance and independent and objective consultation in order to increase the Company's added value and improve the Company's operations by examining.Apr 3 Sales. evaluating. To examine and assess the efficiency and effectiveness in finance. evaluating. To develop programs to evaluate the quality of internal audit activities performed by Corporate Internal Audit. human resources. Corporate Internal Audit carried out audits in accordance with the Annual Audit Plan (AABP). the Company has established Corporate Internal Audit (CIA) which serves as Internal Audit Unit.Dec INTERNAL CONTROL SYSTEM Financial and Operational Control An effective Internal Control System (“SPI”) is an important component for the Company and a foundation for the Company's healthy and safe operations. enhancing the Company's compliance with the applicable laws and regulations. To prepare audit reports and submit the reports to President Director and Vice President Director as well the Board of Commissioners. The Committee is responsible for identifying. Accounts Receivable & Terms of Payment in Subsidiary (PT Auto Glass Indonesia) May . Audit Subject Period 1 Transportation & Delivery Cost in Flat Glass Factory in Jakarta Jan . Result of CIA evaluation becomes a basis for the Management to evaluate SPI effectiveness and determine improvement and enhancement of systems or policies that allow management to run operational activities more effectively in accordance with Good Corporate Governance. and compliance with legislation.

. To overcome the above risks. Directors and Employees which might affect the Company's condition. 43 ANNUAL REPORT 2015 PT Asahimas Flat Glass Tbk GOOD CORPORATE GOVERNANCE Risk Profile and Management Method The Company's Risk Management and Insurance Committee has classified four (4) categories of risks in the Company's business. To minimize this risk. • Conduct a comparative study to other companies with regard to operational activities. The Company has undertaken operational risk management by performing the following actions: • Rearrange the activities related to the Company's main activities. environmental and natural disasters. the Company has also secured credit facility from Bank that can be used by the Company when required. 3. • Improve the quality of a harmonious relationship with the local community through community development programs. as follows: 1. Hazard Risk Hazard Risk may occur at any time and the Company believes that special attention to this matter is necessary. SIGNIFICANT CASES Throughout 2015. The Company continues to conduct regular evaluation on the level of its compliance in running its business. b. • Make efficient use of energy and raw materials. among others: a. Results of this evaluation are informed to related divisions for follow up and correction. For working capital purposes and investment. Conducting health education and regular medical check-up and blood donors. Such risk includes occupational health and safety. d. so that the Company's revenues in foreign currency can be protected naturally (Natural Hedging). c. The Company also always keeps abreast of the development of the laws related to finance in order to overcome financial risks that may emerge. the Company did not confront any critical material case that involved members of the Board of Commissioners. the Company always ensures that all business activities are in compliance with applicable laws and regulations both domestically and internationally. risk of a breach in taxation and commitment in implementing Capital Market regulations. The Company has in place experienced personnel in the field of law and established cooperation with some legal counsels. Establishing a standardized measurement system for analyzing waste and disposal proceeds. Forming Emergency Responses Team (ERT) and simulating emergency trainings related to tsunami and earthquake. the Company checks the working condition in order to work safely. in 2015 the Company undertook several efforts. Legal Risks To manage legal risk. Financial Risk The Company classifies financial risk to include fluctuations in foreign currency exchange rates. Operational Risk Operational risk includes management of the risks related to: • Availability of labors • Availability of raw materials and energy • Quality of relationships with the communities in the surrounding of the Company's factories. in 2015 the Company continued to increase export sales. Risk Management Evaluation Risk Management and Insurance Committee together with the Board of Directors perform an evaluation to risk management based on results of the audit that has been done. 2. From time to time. 4. Carrying out dissemination and trainings on occupational health and safety intensively and sustainably. The Company also conducts education and training for management and employees regarding legal knowledge and disseminates new regulations related to the Company's business activities. changes in laws and regulations related to finance.

Environment 5. Cooperation Spirit 4. Confrontation With Anti-Social Powers 15. Workplace Health and Safety 4. . Quality and Safety of Products and Services 7. Honesty and Sincerity 3. Pioneering Spirit 2. Foundations for Compliance 2. The value contained in the Code of Conduct has been disseminated to all Company's employees and management. Dissemination and Enforcement of Code of Conduct The Company continues to disseminate its Code of Conduct through communication media owned by the Company. Reports and Records 8. STOCK OWNERSHIP PROGRAM The Company has no stock ownership program for employees and/or management. the Board of Directors and Board of Commissioners. the Board of Commissioners and Board of Directors. CODE OF CONDUCT AND CORPORATE CULTURE The Company has in place Code of Conduct since 2002. Company and Third-Party Assets and Confidential Information 10. the Company has also adopted AGC Group's global principles since 2008. Members of the Board of Commissioners. Every year. either by capital market authorities. Directors and Commissioners always renew their commitment to adhering to the Code of Conduct by signing the Personal Certificate stating that they have understood the contents of the Code of Conduct and are committed to adhering to the contents. Creative Thinking 5. Directors and Employees who violate the Code of Conduct will be given sanctions in accordance with the prevailing legislation and applicable company regulations. Insider Trading 0. Conflict of Interest 11.PT Asahimas Flat Glass Tbk ANNUAL REPORT 2015 44 GOOD CORPORATE GOVERNANCE ADMINISTRATIVE SANCTION During the 2015 financial year. the Company has always underlined the values that have been embedded by the Company's founders. Gifts and Entertainment 12. the Company produced an animation video on Code of Conduct with a view to make the Code of Conduct more effective and the embedded values can be understood by all employees. In 2015. International Trade Controls 14. Fair Competition and Antitrust 3. Enforcement of Code of Conduct The Company's Code of Conduct applies to all employees. Relations with Government Officials and Politicians 13. Audit System Principles of Corporate Culture In carrying out all activities both in business activities as well as in behaving. namely: 1. As part of AGC Group. Principles of Code of Conduct The principles contained in the Company's Code of Conduct are as follows: 1. there was no administrative sanction imposed to the Company. all employees. Responsible These values have become part of all employees and management in carrying out its activities. Respect for People 6.

however. bribery. 45 ANNUAL REPORT 2015 PT Asahimas Flat Glass Tbk GOOD CORPORATE GOVERNANCE WHISTLEBLOWING SYSTEM In order to support its GCG implementation. The Company will continue the dissemination of this Complaint Service along with Code of Conduct. The Company provides protection to those who report the occurrence of irregularities and breaches. Information submitted to the Helpline Service must be accountable to avoid any slander on the defendant. breach of other material but feel hesitate or fear his/her identity will be revealed as he/she knows the doer. conflict of interest. the person can report it using the Helpline Service provided by the Company. collusion. violations still occurred. For employees and stakeholders who wish to report indications of corruption.com • Facsimile : (021) 6983 7578 • Written correspondence to the Company's address Protection of the Informant Each stakeholder is most welcome to make reports of irregularities occurring in the Company. Results of these investigations will be submitted to the Compliance Committee and also the informant (whistleblower) who provides such information. This service is addressed to the employees and stakeholders of the Company in order to participate in improving supervisory function on the breaches that may occur in the Company. Compliance Team will attempt to investigate all reports received equitably and thoroughly and will take appropriate actions. the Company has established a Compliance Team responsible for handling and managing the submitted information and reports. fraud. How to Report a Breach The Company has provided facilities to report any breach and irregularities that may be detrimental to the Company through several means. Handling of Complaints and The Party Managing the Complaints For each information and report from employees or stakeholders. . Despite no complaint/report submitted to the Complaint Service. Compliance Team will act in accordance with the Company's Complaints Service Standard Operation Procedure (SOP). the Company has provided Whistleblowing System or commonly known as Helpline Service. The Company believes that the use of this facility needs to be improved. Results From Complaints Handling During 2015.asahimas@agc. theft. there was no complaint submitted through the Helpline Service. it did not mean that there was no violation occurring in the Company. among others: • SMS : 0815 898 9999 • Email : pengaduan.

All of its business activities are carried out in a responsible manner with a view to bring a positive impact on the community. when all elements of the society including the business community seriously consider the positive impact of every activity. all parties will get benefit from it. For that reason. but also to help the Company continuously grows. namely: 1. and provides sustainable benefits for stakeholders. shareholders. Thus. The aim is to estimate the impact that may be resulted from business operations. The Company has conducted CSR activities for a long time in nearby locations and outside the Company's business locations. implementers of those activities have a guideline to manage the environmental impact at the Company's factories. ENVIRONMENTAL RESPONSIBILITY In line with its mission "To build the world a better place for living".PT Asahimas Flat Glass Tbk ANNUAL REPORT 2015 46 CORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENT Being part of the community. The Company has a commitment to remaining consistent and continuously improving the performance of its CSR activities. including in the the new factory in Cikampek. the Company is obliged to take part in preserving the environment. the Company has set forth CSR policies that become the guideline of CSR implementation activities across its factories that are located in Jakarta. It is very important for the Company to keep the construction work run smoothly in order to meet the predetermined schedule. governments. The Company wishes to continue growing and developing along with the community by creating a harmonious relationship with the community in the vicinity of its business locations. business partners. the Company has prepared an action plan and budget for all CSR activities approved by the Board of Commissioners. Harmonious living with the surrounding communities Establishing a harmonious relationship and cooperation with the surrounding communities and empower communities in a sustainable manner. employees and the surrounding community. As a responsible citizen in creating a better living environment. Expenses of CSR Activities In accordance with prevailing laws and regulations. The Company realizes that social responsibility is an integral part of its business operations. In carrying out CSR activities. namely: 1. 2. Support for the next generation Supporting the development of the young generation as the next generation with future and help them pursue their aspirations. Along with the construction of its new factory in Cikampek. Continuous improvement based on an integrated Environmental Management System (EMS/SML). the Company remains committed and consistent to adhering to all aspects related to nature and required permits. The Company realizes the importance of giving and sharing. For 2015. In a way to realize it. 2. 3. The year 2015 was one of the significant momentums in the Company's journey to continuously contribute to community. with regard to the expansion of the Company's factory in Cikampek. not merely to enhance its reputation. Sidoarjo and Cikampek. the Company has incurred approximately Rp1 billion or nearly the same with the total cost incurred for the Company's CSR activities in 2014. To that end. West Java.e. The Company believes. the Company places its commitment to nature and social environment as priority and inseparable from its operating activities. the Company has in place a policy connected to the environment namely “Sustainable Contribution to the Earth through activities that are environmental friendly”. Thus. which is now already known to the public. the Company conducts corporate social responsibility activities or CSR. develops. the Company complements its business operations with environmental management documents in conformity with the governing regulations such as Environmental Impact Assessment (EIA/AMDAL/ANDAL) Document and Environmental Management Efforts -Environmental Monitoring Efforts Document (UKL-UPL). the Company runs its business activities by always striving to contribute and actively participate in solving various problems that occur in the community. and evaluate and seek the right solutions to overcome. i. Environment Conservation Preserving the environment and contributing to overcoming environmental issues and producing products that are environmentally friendly. Compliance with environmental regulations and requirements of PT Asahimas Flat Glass Tbk . customers. the Company's existence can benefit and meet the expectations of stakeholders. The Company has five principals in running those environmental policies.

Healthy and fresh condition of the fish in the water channels indicates that the water in the channels do not contain harmful chemicals. Furthermore. Using environmental friendly materials The Company's activities related to Green Operation. Communicating actively regarding environmental activities with stakeholders. In the 2014-2015 PROPER assessment. among others by: 1. Increasing productivity. located not far from the Company's Jakarta factory. and Recycle is still the best way to manage and handle waste both in industry and society. In waste management. Provide Temporary Storage Place of B3 waste from production processes that had permission from BPLHD. waste is a fundamental problem for human life. in the water channels within the Company's environment. technologies. Recycle means recycling waste into new products that are useful. Factories and offices also have quite good air and sunlight circulation. In addition. In addition. such as replacing wood box packing material into iron pallets. Reuse means reusing waste that still can be used for the same function or other functions. Elaboration of the 3G concept by the Company is as follows: GREEN FACTORY It has become the Company's commitment to applying the Green Factory concept in its factories environment. Reducing utility 6. among others: 1. Green Activities by the Company are translated with the term 3G: Green Factory. Application of 3R or Reuse. GREEN OPERATION To support Green Operation concept. Developing products. the Company uses Natural Gas (NG) in the running of flat glass factory operation. and Sidoarjo were awarded BLUE PROPER from the Ministry of Environment and Forestry. Cikampek. the Company's factory located in Jakarta with government agencies and surrounding community also planted fruit trees. it is important for the Company to help to tackle this problem. Provide trash cans on each workspace and open space with three categories: Non-B3 (non-hazardous and nontoxic waste) bins. Currently. the Company also implements 5-S or 5-R consistently and continuously. 47 ANNUAL REPORT 2015 PT Asahimas Flat Glass Tbk CORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENT 3. In addition to tree planting in the factory environment. Reduce means reducing everything that will result in garbage. To support the creation of environmental friendly factories. and 5. so that all venues both indoors and outside look neat and clean. among others. are as follows: Waste Management Currently. The Company also seeks to reduce CO2 emission unit in several ways. the embodiment of Green Factory is reflected directly in the surrounding environments of the Company's factories. the growth of the trees has been continuosly monitored and maintained. this waste is transported by a company that has a license (manifest) from the Ministry of Environment and Forestry to be transported. Reducing fuel consumption 2. one of the PKK's model park in district level. By using NG. Metal bins and B3 (hazardous and toxic waste) bins. Performing measures to mitigate environmental impacts and prevent pollution. indicating the compliance of the three factories with the applicable environmental regulations and management. 5. the Company has carried out several activities. which can be used again after the delivery. Some indoor and outdoor lightings already use LED so that they will be more efficient and durable. Implementation of the 3R program in the Company's waste management activities will provide benefits because the waste that has been sorted will be easier to be processed and distributed to manufacture useful products. fruit trees produce fruit that has been used by local people and became “Taman Hatinya” park. the Company also adopts the 3R program. Reduce. Enlarging cullet ratio 3. Increasing efficiency in the delivery process 4. services and facilities that are environmental friendly. 2. the Company's factories in Jakarta. Green Operation and Green Product. there are also several species of fish that can be seen with naked eye as means of water quality monitoring. 4. such as reusing cullets from the production process into raw materials. . the emission will be cleaner and friendlier to the environment compared to using fuel oil. where many trees and ornamental plants are planted to give a beautiful scene. The trees were planted by employees and their families in 2010. In waste management. processed and managed. For that reason.

At the IPAL. where water is used in the process of cooling equipment and glass- washing. the Company can ensure that the process carried out and the products have met the commitment to the environment. Employees must know the environmental programs in their respective Departments. the Company continuously creates Green Products. the Company's factory in Jakarta has made recycling process of waste water from the equipment cooling process and glass washing by mixing the waste water with sea water used as raw material. Employees must know the environmental policy. the Company's Health Safety & Environment (HSE) and QC laboratories routinely check the water quality in the laboratories owned by the Company. 3. an internationally recognized independent agency of ISO audit. The Company in cooperation with the communities around the factories to recycle paper water to be reprocessed into useful products and recycle waste of dried leaves to be processed into compost. quality of the water is checked on a regular basis in BPLHD. and the results are also reported regularly to the local BPLHD and KLH. particularly compliance with the regulations in the field of environment. Green Product is defined as a product that must conform to the environmentally friendly requirements. Energy Saving Campaign In addition to recycling and water management. To reduce the use of PAM water in its operations. Water Management Water is the source of life for human and for the company as well. Employees must strive to prevent pollution of the environment in their respective working places. Nowadays. consumers already have a heightened awareness in the use of Green Products that are free of chemical elements that can harm health and the environment. The Company realizes the importance of the environmental management system in the implementation of its business activities. the Company also carries out energy-saving campaign to encourage the culture of electricity. waste water management is done through the IPAL owned by Bukit Indah Industrial Park. . for that reason. One of the systems that can be used in achieving EMS implementation is ISO 14001: 2004. wastewater is processed through various processes to eliminate or reduce contaminants (pollutants) contained in the waste so it does not exceed the quality standards. GREEN PRODUCT Today the market and consumer demands for products that are environmentally friendly (“Green Product”) continues to increase. the Company's flat glass factories in Jakarta and Sidoarjo are already equipped with Wastewater Management Installation facilities (IPAL). 5. the Company continues to raise awareness of the environment by adhering to international standards for Environmental Management System (EMS/SML). The RO process produces clean water that can be reused as equipment cooling water and glass washing in the course of production process. 6. With this system. Employee must deliver inputs or ideas regarding environmental improvement in their respective working places. the Company requires all employees to pay attention to several issues in the ISO 14001 policy. To continuously improve its SML. The Company also regularly conducts laboratory testing and reporting of wastewater to the Environmental Management Agency (BPLHD) and the Ministry of Environment and Forestry (KLH). As for wastewater treatment. Certifications in Environment and Quality Management In carrying out its mission "To build the world a better place for living" that is aligned with one of its CSR policy of "Preserving the Environment". Water used by the company are from PAM and water Reverse Osmosis/RO. to be reprocessed into fresh water by using "Reverse Osmosis / RO" technology. To indicate that the quality of waste water from the Company's operations does not exceed the quality standards. 4. with the last audit on this ISO 14001: 2004 certification was done in April 2014 by DNV Malaysia. The Company's factories in Jakarta. To enhance SML practices. Employees must obey the rules/ procedures related to the environment. namely: 1. In addition. pollution prevention and commitment to continuous improvement. water and paper saving by placing stickers and banners on related objects both inside and outside the rooms of the factory premises. Sidoarjo and Cikampek have obtained environmental certifications namely ISO 14001: 2004 since 2005. the Company should manage its use. 2. For the Compay's automotive glass factory located in Cikampek. Employees must participate in the environmental audit conducted on a regular basis. the Company has determined ISO 14001: 2004 as mandatory training for all employees. In response to that.PT Asahimas Flat Glass Tbk ANNUAL REPORT 2015 48 CORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENT 3.

race. EMPLOYMENT PRACTICES The existence of strong industrial relations between the Company and all employees is one of the key of business sustainability of the Company. The Company has addressed various employment challenges in terms of fair employment opportunities by conducting the recruitment of employees regardless of ethnicity. the Company has also introduced “Lacobel” brand for interior glass. from the early stage. The Company in conducting its business activities. . an independent and non-profit institution fully committed to community education in applying environmental best practices and facilitate the sustainable transformation of the global building industry. class or gender. For that reason. non. The rights and obligations of the Company's employees are stipulated in the PKB between the Company and its Labor Unions. In addition. The Company expects that its environmentally friendly products can cater the trend of consumer demand for Green Products in line with Government policy that has begun to introduce Green Building and Green Architecture concepts in construction and property industry. and is reinforced with the Company's corporate culture content. maturity and mutual trust. managerial capability mastery and leadership with a varied range of development tools that include training programs. class. However. Leadership competency development program. in terms of knowledge. rotation. the Company always adheres to the Employment Law and its implementing regulations. experience and competency. A harmonious relationship between the Company and the Labor Unions is also improved by implanting the principle of partnership relationships. religion. the Company is constantly working to ensure the rights and responsibilities of employees are in accordance with the laws and Collective Labour Agreement (PKB) as a form of corporate policy in the field of employment. Sunergy glass has several advantages: environmentally friendly and energy efficient. in which all are embraced by a strong corporate culture. social level. 49 ANNUAL REPORT 2015 PT Asahimas Flat Glass Tbk CORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENT In line with such understanding. copperless interior glass products that are more resistant to corrosion. career development. and physical condition. This type of glass has a low light reflection and energy efficient because of the double coating on the glass surface that makes hot air from the outside coming into the room can be minimized so that the electrical energy for the air conditioner (AC) can be saved. The Company has pioneered the first eco-friendly glass products in the domestic market. The Company integrates human resources strategy with business planning and organizational leadership that are backed with measures to strengthen the Company in gaining the best employees/talents and performance-based culture application. The Company in cooperation with the Green Building Council Indonesia (GBCI). is designed with comprehensive and tiered considerations. production processes and production results. the Company has strengthened its commitment to consistency and continuity of various programs implementation to improve the quality of its human resources. Managing nearly 3. on the Company's products that are environmentally friendly in terms of raw materials. the Company has launched Green Products of flat glass under the brand “Sunergy”. ranging from basic competence mastery. in creating a strong engagement with employees and maintaining close industrial relations. process of developing cadres of future leaders. religion. leadership coaching and feedback sessions. These products are different from the existing products in the market. building and property industry businesses as well as community who care about the environment. which are provided in its Company Rules and PKB that among others contains the provisions for not employing under age children. conducts seminars and trainings for stakeholders including professional in the field of construction service. we are AMG". To maintain a harmony in the fast growing environmental and organizational changes in the face of competition at the global level. which are mirror glass products branded “Miralux” and “Dantalux”. race.discriminatory. especially in the country. mentoring. Lacobel is an interior glass with a variety of color selection and high reflection. and transparent. providing wages above the minimum wage in accordance with the minimum wage of province/city/county in every region of the Company's business and treating all employees equally regardless of their ethnicity. with a high commitment from all levels of employees with the philosophy of "We are in the same boat.000 employees is certainly a challenge for the Company. In carrying out Employment Practices. the Company believes the quality of human resources can continue to be improved and contributed positively to the Company's business activities. The recruitment process is conducted by holding the principle of equality. It is undeniable that reliable Human Resources have become one of the main determinants of the Company's success to date. continuously complies with the applicable rules and regulations related to employment. The various processes of human resource capacity development are intended to produce leaders who are groomed from within balanced personal character. Paint colors used by Lacobel contain no heavy metals nor chemicals that can damage the environment. The PKB has a time limit and is always updated by the Labor Unions and the Company and approved by the Director General of Industrial Relations and Labor Social Security.

6. the Company always evaluates the level of increase in minimum wage to be adjusted to current economic conditions. We will continue the safety activity tradition by not making it a routine activity that is repetitive. Pre- pension program among others are entrepreneur seminars. To support the policy. Each year. honest and fair interaction and communication in the workplace. 5.The Company has in place the Basic Manual of Occupational Health and Safety that applies to all employees and management of the Company. We will carry out K3 activities as part of production activities by providing necessary support for line management. the Company provides pre-pension program and trainings for employees who are entering retirement age. namely: "No production/activities without the assurance of occupational health and safety". In carrying out its activities. 4. the Company routinely presents Employee Model awards to the selected employees and Monthly Incentive rewards to the employees based on their best performance. These programs can give life skills to ensure the well-being of employees after retirement. We will comply with all prevailing legislation and requirements related to K3. the Company's employees are also entitled to various facilities and services that make their lives more prosperous and developing.In addition to the evaluation. in 2015. We will mobilize proactive participation of employees in all K3 activities through open. Managers will treat their subordinates as family members and ensure their occupational safety. there was no significant occupational accident in the construction project. by continuously analyzing the risk of accidents which may occur during the project work in progress and continually carrying out "daily patrol" either a 5-R patrol or a safety patrol. We will develop basic safety principles of equipment and continuously improve the working environment. throughout 2015. In addition. In the meantime the Company's K3 policy is as follows: 1. the Company constantly makes reminders on the importance of safety in every . 2. All employees still get health facility for eye care. High commitment is also applied by the Company in its new factory construction in Cikampek. 3. The manual is intended to make every employee understand and practice the basic rules of occupational safety and health properly in oder to prevent occupational injury. health and environmental protection. financial planning session and pre-pension conselling. The Company ensures that pensioner can go through smooth transition period from employee to become an entrepreneur. In addition to the monetary rewards in the form of salary. the Company also provides a form of recognition to employees by giving fair promotion to good achievers.PT Asahimas Flat Glass Tbk ANNUAL REPORT 2015 50 CORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENT Every year. among others: "Safety First" Campaign “Safety is Basic” has become a culture in the Company. We will improve our Risk Assessment ability to promote the effective use of SMK3. Therefore. hospital inpatient and outpatient. the Company conducted several activities. OCCUPATIONAL HEALTH AND SAFETY The Company is highly committed and aware of the importance of complying with the applicable Laws and Regulations including those which related to occupational safety. the Company always puts safety and security in the first place. The Company also has in place a slogan on Occupational Safety and Health Practice (K3). meaning that there will be no production if there is no guarantee of security and safety. To increase employee awareness of the importance of workplace safety.

. The facility is intended to provide the employee with a quick services either in normal or emergency conditions. tennis courts. 51 ANNUAL REPORT 2015 PT Asahimas Flat Glass Tbk CORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENT activity. Furthermore. Safety & 5S Patrol must also be conducted by the management each month at different locations. the Company has been doing community development activities. the Company's employees always do "Kiken Yochi" (hazard prediction) and Tool Box Meeting (TBM) by carrying out an examination of the work environment. urine test. SOCIAL DEVELOPMENT AND COMMUNITY EMPOWERMENT Empowering individuals and community groups in the communities by providing skills is one of the Company's ways to develop and empower communities to become more self-sufficient. The appeal of safety is delivered through bulletin boards.. The purpose of the simulation is to train each employee in the face of natural disasters and emergencies. Therefore. YAGI was founded on July 5. Japan and PT Asahimas Flat Glass Tbk. especially badminton. The amount of scholarship granted in 2015 was Rp220 million. since 1985 to date. The simulations were carried out by making several scenarios such as a fire in the Company's building. In addition. leaks of Heavy Oil. This simulation is needed so that when disaster really strikes. YAGI is a non-profit foundation which purpose is providing scholarships for the best and selected college students. Ltd. it is expected that all employees already have enough knowledge to protect themselves and their environment. a report should be made and evaluation of the findings in the field should be followed up and coordinated with HSE section and related sections. how much time taken to evacuate all employees in the work site to the meeting point. Before commencing work. every day. running text. The Company also has registered its employees in BPJS Ketenagakerjaan which provides among others accident insurance. namely Universitas Indonesia. Health For Employees To actualize its concern for the health of all employees. such as floods.. The assistance is given in the form of scholarships and school equipment for early childhood and elementary school levels around the Company's factories. Institut Teknologi Bandung and Institut Teknologi Surabaya. how is the system evacuation through emergency doors toward the meeting point. every month the Company helps the distribution of scholarships granted by the Yayasan Asahi Glass Indonesia (YAGI) for the senior high school level (SMKN 56 Jakarta) and 3 (three) universities in Indonesia. Emergency Condition Simulation In 2015. Institut Teknologi Bandung and Institut Teknologi Surabaya. 1983 by Asahi Glass Co. SO2 and fire. blood test. To maintain health and fitness. blood pressure test and others. mandatory trainings for all employees through Safety Simulator and other means of communication. In 2015. the Company actively takes preventive measures against things can be detrimental to the health of employees. the Company conducted a series of simulations to anticipate the occurrence of natural disasters and emergencies. as well as to evaluate the facilities and communication systems in emergency situations. In addition. The Company has been cooperating with several hospitals to provide counseling and seminars on a regular basis about the diseases that often occur in the community. Safety Patrol To ensure safe conditions in the work environment and that every employee carry out security and safety procedures. death insurance and old age insurance and BPJS Kesehatan. indoor soccer and morning gymnastics guided by aerobic instructors. Every year. which include: Scholarship Program One of the Company's active roles to improve quality and educational facilities for the community is by providing direct assistance to the world of education.The Company also provides Polyclinic along with doctors and paramedics at each location of its factory. the Company also regularly conducts health checks for all employees such as X-rays. heads of all sections are required to conduct patrol. earthquakes. once a week the Company's employees play sports. YAGI provided scholarships to 40 students of SMKN 56 Jakarta and 54 college students from Universitas Indonesia. morning and afternoon meetings.

where its market share is expected to increase. This program was expected to increase local community's income. Brick Making Property development growth in most of Cikampek areas makes the need for building materials increase. The Company expects that there will be new oyster mushroom nursery-breeding for the community. The Company sees a quite good potential for the community to farm catfish and other freshwater fish that can continuously grow. Freshwater Fish Farming In 2015.PT Asahimas Flat Glass Tbk ANNUAL REPORT 2015 52 CORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENT activity. The Company expects that the duck breeding can continue to thrive in the community so that it can absorb more labors and the result can be further improved. appearance and cleanliness as well as to calculate the basic price. mandatory trainings for all employees through Safety Simulator and other means of communication. which would certainly impact on the community's income. As a result. making of catfish ponds and feed warehouses. morning and afternoon meetings. The Company in cooperation with the Food Security Agency of Sidoarjo Regency periodically provides guidance for the cultivation for the farmers. The result already obtained from this duck farming has been quite satisfactory. local markets still do not have enough stock of oyster mushroom. training and maintenance. The Company provides assistance for place renovation and electric machines for the brick-making. food and harvest. the Company has been cooperating with a group of Oyster Mushroom farmers in the Tamelang village. The assistance provided by the Company is in arranging a building as a place for oyster mushroom cultivation. Before commencing work. although there are still shortcomings and problems. Seeing this business opportunity. Cikampek. The Company expects this brick-making can continue to thrive in in the community so that it can absorb more labors and the result can be further improved. Currently. Cake Making Training The Company's Sidoarjo factory in collaboration with members of Family Welfare Programme (PKK) around the factory organized a cake making training program. the Company helps local communities to undertake oyster mushroom cultivation. running text. The Company expects that community can take advantage of unused lands in the environment so that there will be new freshwater fish ponds which would increase the community's incomes. Seeing the potential market and interest of the community surrounding its factory in Cikampek. Cikampek. . For the freshwater fish farming. even up to date. the Company's employees always do "Kiken Yochi" (hazard prediction) and Tool Box Meeting (TBM) by carrying out an examination of the work environment. which would certainly impact on the community's income. The residents were taught how to make cakes with good quality. The Company also provides the materials used for oyster mushroom breeding process. Mushroom Cultivation Along with increased insight and awareness of healthy food. providing of seedling and setting the marketing targets. taste. The good opportunity is captured by some of the residents in the Purwasari Village to develop a brick-making business. The appeal of safety is delivered through bulletin boards. the Company continued to develop freshwater fish farming program especially freshwater fish. duck seed. these do not deter the duck breeders. duck is one of the favorite foods enthused by the community. The Company contributes to this activity by making duck cages completed with the fittings. Oyster Mushroom is one of well-known fungus people like to eat and cultivated by farmers. There is no doubt that prospect of mushroom cultivation is very good. Duck Farming At present. for example catfish. oyster mushroom harvest has been already underway and the Company also notices that the yields are quite good. irrigation. that is run by the community surrounding the Company's factory in Sidoarjo. the Company in cooperation with the community of Kalihurip Village. they have developed the cultivation of other freshwater fish such as red tilapia and carp. especially around the Company's factory so as to assist government programs in terms of alleviation of unemployment as well as increase local community's incomes. from seed to harvest. has built a duck breeding farm. the assistance provided by the Company is in the form of land clearing with leveling. It takes 90- 100 days in this duck enlargement process. The Company also provides a simple bookkeeping training to facilitate the administration of their business activities recording.

Donorojo. suppliers. This event was attended by the management of the Company. Jepara.Central Java . this shows a good relationship between the Company and the communities in the mining of raw materials. Donorojo District. People really appreciate the contribution of the Company to their village. Central Java held a crystal longan tree planting. In this CSR activities. 2015. training was given on the practice of good longan tree planting. Handover and longan tree-planting by the management of the Company to the community in Clering Village. 53 ANNUAL REPORT 2015 PT Asahimas Flat Glass Tbk CORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENT Longan Tree Planting In line with the Company's CSR policy which is "Living in harmony with the surrounding community and Preserving the environment" on December 11. No fewer than a hundred people followed the event with great enthusiasm. community leaders. the Company in cooperation with the supplier of one of the raw materials and the village government of Clering. Village Chiefs and farmers community in Jepara. Jepara .

assistance for religious activities such as Hari Raya.PT Asahimas Flat Glass Tbk ANNUAL REPORT 2015 54 CORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENT OTHER SOCIAL ASSISTANCES Social assistance provided by the Company not only in the form of empowerment. To maintain consistency of quality standards of its products. quantity and safety of goods and/ or services acquired on the market so the consumers feel comfortable and safe in using the good or services obtained. and with the quality standards established by the Company supported by a Laboratory equipped with ISO 17025 certification. . The Company as glass manufacturer pays a great attention to the quality standards of its products. 3. The Company also provides Direct Line Marketing to consumers. holding of routine blood donors and others. the Company can obtain information from consumers about complaints. the Company has obtained ISO 9001: 2008. surrounding its operational areas or the community at large. in terms of technical data. With these facilities. This social assistance includes. questions. suggestions/feedback and their satisfaction level with the products and services provided by the Company. the Company provides facilities consisting of electronic mail (marketing email). Product Information Provide information about the types of glass produced by the Company. an international standard used to establish product and service quality policy and target in order to adjust the quality of these products with customer requirements or other requirements. THE COMPANY's PRODUCT LIABILITY With the issue of Law No. so that they can interact directly to find out the Company's products. The service aims to increase customer satisfaction with the Company's products. i. The Company strives hard to control the quality of its products in order to meet existing quality standards in order to avoid losses that must be borne by the consumers both in terms of health and safety. 2.e: 1. Technical Support Provide information about the technical data of the Company's glass and its applications on buildings. but also many that had been conducted by the Company to the community. assistance for independence day activities. distributor info and other information. internet-based IT Claim system and a website that can be used by consumers. the Company seeks to strengthen the relationship with consumers and customers so that the Company can directly respond to consumers' aspirations and expectations. Product Availability Provide information on product availability and recommend contacts of distributors/dealers. among others glass donation for places of worship. With the direct interaction. 8 of 1999 on Consumer Protection provides certainty to consumers on the quality. CUSTOMER COMPLAINTS FACILITY. NUMBER AND HANDLING To handle complaints and inquiries from consumers regarding the Company's products. The Company provides product information to consumers appropriately which include information on three matters. assistance for orphans.

the undersigned. DAVID SATRIA SOETEDJA President Director Vice President Director NAOMASA TANIGUCHI MITSUHIRO YOSHIKADO SADAYOSHI SHINOTSUKA Director Director Director PRASETYO AJI TJIO FERRY SUSANTO MICHITAKA GOTO Director Director Director MOHAMAD AMIEN TATSUO SUGIYAMA RUSLI PRANADI Director Director Independent Director . This statement is made truthfully Jakarta. declare that all information in the 2015 Annual Report of PT Asahimas Flat Glass Tbk has been presented in a complete and correct manner and we are fully responsible for the accuracy of the content of this Annual Report. BOARD OF COMMISSIONERS TAN PEI LING MASAHIRO TAKEDA TJAHJANA SETIADHI President Commissioner Vice President Commissioner Commissioner TAKEO TAKEI BENYAMIN SUBRATA HIDEYA TANAKA Commissioner Independent Commissioner Independent Commissioner BOARD OF DIRECTORS MAMPEI CHIYODA E. 55 ANNUAL REPORT 2015 PT Asahimas Flat Glass Tbk STATEMENT OF THE BOARD OF COMMISSIONERS AND THE BOARD OF DIRECTORS ON THE RESPONSIBILITY FOR THE 2015 ANNUAL REPORT We. 1 April 2016.

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................... PT ASAHIMAS FLAT GLASS Tbk ISI/CONTENTS SURAT PERNYATAAN TANGGUNG JAWAB DIREKSI/DIRECTORS’ STATEMENT OF RESPONSIBILITY LAPORAN KEUANGAN TAHUN YANG BERAKHIR PADA 31 DESEMBER 2015 DAN 2014/ FINANCIAL STATEMENTS YEARS ENDED 31 DECEMBER 2015 AND 2014: ............ 3 LAPORAN PERUBAHAN EKUITAS/STATEMENT OF CHANGES IN EQUITY ................................................. Halaman/Page LAPORAN POSISI KEUANGAN/STATEMENT OF FINANCIAL POSITION ...... 6 ..... 5 CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS ............... 4 LAPORAN ARUS KAS/STATEMENT OF CASH FLOWS ........................ 1-2 LAPORAN LABA RUGI DAN PENGHASILAN KOMPREHENSIF LAIN/ STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME ..............46 LAPORAN AUDITOR INDEPENDEN/INDEPENDENT AUDITORS’ REPORT PT Asahimas Flat Glass Tbk ..............

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275 3.530.728 1. neto 21g 75.761 15. PT ASAHIMAS FLAT GLASS Tbk LAPORAN POSISI KEUANGAN/STATEMENT OF FINANCIAL POSITION 31 DESEMBER 2015.980. neto 10 1.575 Equity-accounted investment Pajak yang dapat dikembalikan 21f 34.093 Inventories Pajak dibayar dimuka 21a 18.125 3. 8.478.104 Other receivables Persediaan 7 861.836 1.686 Prepaid taxes Pembayaran dimuka lainnya 8 14. neto 6.575 1.378 79.107.182 1.575 1.407 .443 354.650 63.850 27.822.581.188 6.684 TOTAL ASSETS *Disajikan kembali (lihat Catatan 29) *As restated (see Note 29) Lihat Catatan atas Laporan Keuangan yang merupakan bagian tak See Notes to the Financial Statements.415 Intangible asset.445 Deferred tax assets. .039.147 Fixed assets.761 1.263.896 1. 31 DECEMBER 2014 AND 1 JANUARY 2014 Catatan/ 31 Desember/31 December 1 Januari/ Dalam jutaan Rupiah Notes 2015 2014* 1 January 2014* In millions of Rupiah ASET ASSETS ASET LANCAR CURRENT ASSETS Kas dan setara kas 4 931.682. DAN 1 JANUARI 2014/ 31 DECEMBER 2015. 31 DESEMBER 2014.946.691 4.568 TOTAL NON-CURRENT ASSETS JUMLAH ASET 4.194 745. net Aset tetap.511 22.619 Cash and cash equivalents Piutang usaha 5 353. which form an integral part terpisahkan dari laporan keuangan ini.954 72.181 2. .561. net Investasi dengan metode ekuitas 1e 1.306 378.094 1.270.986 Other non-current assets JUMLAH ASET TIDAK LANCAR 2.342 Trade receivables Piutang lainnya 6 51. Refundable taxes Aset takberwujud.231.661 Other prepayments Tanah yang dimiliki untuk dijual 10 .611 Land held for sale JUMLAH ASET LANCAR 2.485 29. PT Asahimas Flat Glass Tbk 1 .411 861. of these financial statements.684 14.614 12. net Aset tidak lancar lainnya 9 98.397 1.116 TOTAL CURRENT ASSETS ASET TIDAK LANCAR NON-CURRENT ASSETS Aset pajak tangguhan.048 689.

083 Additional paid-in capital Saldo laba: Retained earnings: Dicadangkan 24 79.447 393.637 10. nilai nominal Rp 500 per saham: Share capital.463 Other current liabilities JUMLAH LIABILITAS JANGKA PENDEK 479.644.871 Employee benefits obligation JUMLAH LIABILITAS 880.376 398.946.960 TOTAL CURRENT LIABILITIES LIABILITAS JANGKA PANJANG NON-CURRENT LIABILITY Liabilitas imbalan kerja 14 400.000 saham 15 217.000.140 2.831 TOTAL LIABILITIES EKUITAS EQUITY Modal saham.991 Other taxes payable Beban akrual 12 138. PT ASAHIMAS FLAT GLASS Tbk LAPORAN POSISI KEUANGAN (Lanjutan)/STATEMENT OF FINANCIAL POSITION (Continued) 31 DESEMBER 2015.223 3.500 Trade payables Utang pajak penghasilan 21b 9.208 26. PT Asahimas Flat Glass Tbk 2 .857 2.685 867.106 93.440 2.022 15. 31 DECEMBER 2014 AND 1 JANUARY 2014 Catatan/ 31 Desember/31 December 1 Januari/ Dalam jutaan Rupiah Notes 2015 2014* 1 January 2014* In millions of Rupiah LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY LIABILITAS JANGKA PENDEK CURRENT LIABILITIES Utang usaha 11 277.000 74. of these financial statements.000.546 281.101.000 shares penuh: Issued and paid-up capital: 434.000 Appropriated Tidak dicadangkan 2.270.693.657 Income tax payable Utang pajak lainnya 21c 9.190 35.500 71. 31 DESEMBER 2014.561.125 3.240. DAN 1 JANUARI 2014/ 31 DECEMBER 2015.390.275 3.521 101.000 saham Authorized capital: Modal ditempatkan dan disetor 600.988 245.131 57.853 TOTAL EQUITY JUMLAH LIABILITAS DAN TOTAL LIABILITIES AND EKUITAS 4.929.238 473. which form an integral part terpisahkan dari laporan keuangan ini.676 446.684 EQUITY *Disajikan kembali (lihat Catatan 29) *As restated (see Note 29) Lihat Catatan atas Laporan Keuangan yang merupakan bagian tak See Notes to the Financial Statements.083 165.000 217.000.000.000 shares Tambahan modal disetor 16 165.265 5.000 434.349 Accrued expenses Liabilitas jangka pendek lainnya 13 44.083 165. par value of Rp 500 Modal dasar: per share: 600.052 844.000 217.770 Unappropriated JUMLAH EKUITAS 3.

069) Earnings per share (in whole Rupiah) *Disajikan kembali (lihat Catatan 29) *As restated (see Note 29) Lihat Catatan atas Laporan Keuangan yang merupakan bagian tak See Notes to the Financial Statements.393) (141.127) benefit liability Pajak atas rugi komprehensif lain 5.791) (29.623) (348.263) 605.637) (42. PT Asahimas Flat Glass Tbk 3 .948) 7.447) GROSS PROFIT Beban lainnya (8.760.152) PROFIT RUGI KOMPREHENSIF LAIN OTHER COMPREHENSIVE LOSS Pengukuran kembali liabilitas imbalan Remeasurements of defined pasti (23.503) 442.282) Tax on other comprehensive loss JUMLAH RUGI KOMPREHENSIF TOTAL OTHER COMPREHENSIVE LAIN (17.665.346) 464. of these financial statements.917) (141.453) LABA USAHA 428.500) Other income (368.307) TOTAL COMPREHENSIVE INCOME Laba per saham (dalam Rupiah penuh) 22 786) 1.558) 12.524) 227) Deferred (122.192) Selling expenses Beban umum dan administrasi 20 (51.950) Foreign exchange gain. bersih 47.169) Finance income LABA SEBELUM PAJAK 464.692) ) 562.819) Other expense Beban penjualan 19 (356.672.070) (1.011) LABA 341. net Penghasilan lainnya 201) 21.868.163) PROFIT BEFORE TAX (Beban) manfaat pajak penghasilan: 21d Income tax (expense) benefit: Kini (112.186) Net sales Beban pokok penjualan 18 (2. which form an integral part terpisahkan dari laporan keuangan ini.315) 911.845) LOSS JUMLAH PENGHASILAN KOMPREHENSIF 323.892) General and administrative expenses Keuntungan selisih kurs.843) (21.674) (2.675) (338.238) Current Tangguhan (10.994) OPERATING PROFIT Pendapatan keuangan 35.739) Cost of sales LABA BRUTO 797.989) 3. PT ASAHIMAS FLAT GLASS Tbk LAPORAN LABA RUGI DAN PENGHASILAN KOMPREHENSIF LAIN/ STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME TAHUN YANG BERAKHIR PADA 31 DESEMBER 2015 DAN 2014/YEARS ENDED 31 DECEMBER 2015 AND 2014 Tahun yang berakhir pada 31 Desember/Year ended 31 Catatan/ December Dalam jutaan Rupiah Notes 2015 2014* In millions of Rupiah Penjualan neto 17 3.571) 42.

500) -) reserves Balance as of 217.843) loss Dividen tunai 23 .152) 464. (17. .500 2.390.720) Cash dividends Appropriation of retained Pencadangan wajib atas earnings for statutory saldo laba 24 .083 71.000 165.000 2.000 2.853) 31 December 2013 Penghasilan komprehensif .500) -) reserves Saldo 31 Desember 2014.000 165.720) Cash dividends Appropriation of retained Pencadangan wajib atas earnings for statutory saldo laba 24 .720) (34.770) 2.845) (21.440) 31 December 2014 Penghasilan komprehensif .083 71.500 (3.874) accounting policy Saldo 31 Desember 2013.720) (34.857) 3. Restated balance as of setelah disajikan kembali 217.307. 4. . . .000 165. Comprehensive income - 2015 2015 Laba . (21. .240.083 79. .083 74. which form an integral part terpisahkan dari laporan keuangan ini.727) previously reported Dampak dari perubahan Impact of change in kebijakan akuntansi 29 .644) 2.843) (17. . .760.152) Profit (as restated) Rugi komprehensif lain Other comprehensive (disajikan kembali) . (34. .000 165. .845) loss (as restated) Dividen tunai 23 . Comprehensive income - 2014 2014 Laba (disajikan kembali) . PT Asahimas Flat Glass Tbk 4 .101.140) 3. Restated balance as of setelah disajikan kembali 217. (34. 341.500 (4. . as sebelumnya 217. .693. 3. 464. . (66. . PT ASAHIMAS FLAT GLASS Tbk LAPORAN PERUBAHAN EKUITAS/STATEMENT OF CHANGES IN EQUITY TAHUN YANG BERAKHIR PADA 31 DESEMBER 2015 DAN 2014/ YEARS ENDED 31 DECEMBER 2015 AND 2014 Saldo laba/Retained earnings Jumlah Modal saham/ Tambahan modal Tidak ekuitas/ Catatan/ Share disetor/Additional Dicadangkan/ dicadangkan/ Total Dalam jutaan Rupiah Notes capital paid-in capital Appropriated Unappropriated equity In millions of Rupiah Saldo 31 Desember 2013.000 2.644.346) 341.346) Profit Other comprehensive Rugi komprehensif lain . Balance as of seperti dilaporkan 31 December 2013.223) Saldo 31 Desember 2015 31 December 2015 Lihat Catatan atas Laporan Keuangan yang merupakan bagian tak See Notes to the Financial Statements.929. .874) (66. . of these financial statements.

914) Penerimaan bunga 38.376) 684. which form an integral part terpisahkan dari laporan keuangan ini.373.413) Net cash used in investing activities ARUS KAS DARI AKTIVITAS PENDANAAN: CASH FLOWS FROM FINANCING ACTIVITY: Pembayaran dividen kepada pemegang saham/Kas neto yang digunakan untuk aktivitas Dividends paid to shareholders/Net cash used in pendanaan 23 (34.092) Acquisition of intangible assets Hasil penjualan aset tetap 165) 828) Proceeds from sale of fixed assets Hasil penjualan tanah yang dimiliki untuk dijual 10 -) 29.429) 41.837) 564.422) Cash received from customers Pembayaran kas kepada pemasok (2.039) (287.694.251) (451.720) (34.919) Cash paid to suppliers Pembayaran kas untuk kompensasi karyawan (446. akhir tahun 931.650) 245. PT ASAHIMAS FLAT GLASS Tbk LAPORAN ARUS KAS/STATEMENT OF CASH FLOWS TAHUN YANG BERAKHIR PADA 31 DESEMBER 2015 DAN 2014/ YEARS ENDED 31 DECEMBER 2015 AND 2014 Tahun yang berakhir pada 31 Desember/ Catatan/ Year ended 31 December Dalam jutaan Rupiah Notes 2015 2014 In millions of Rupiah ARUS KAS DARI AKTIVITAS OPERASI: CASH FLOWS FROM OPERATING ACTIVITIES: Penerimaan kas dari pelanggan 3.250) Net cash from operating activities ARUS KAS DARI AKTIVITAS INVESTASI: CASH FLOWS FROM INVESTING ACTIVITIES: Perolehan aset tetap 10 (531.411) 861.107.110) Proceeds from sale of land held for sale Kas neto yang digunakan untuk aktivitas investasi (532.720) financing activity Pengaruh dari pergerakan nilai tukar atas kas Effect of currency exchange fluctuations on cash dan setara kas yang ada 24.761) 1.902) (184. awal tahun 1. end of year Lihat Catatan atas Laporan Keuangan yang merupakan bagian tak See Notes to the Financial Statements.968) (161.411) Cash and cash equivalents. beginning of year Kas dan setara kas.041) Interest received Pembayaran pajak penghasilan (152.008) Cash paid for employees’ compensation Pembayaran kas untuk aktivitas operasi lainnya (296.215) (312.581) Cash paid for other operating activities 481.666.619) Cash and cash equivalents.705) Income tax paid Kas neto dari aktivitas operasi 366.690) 3.107.259) Acquisition of fixed assets Perolehan aset takberwujud (989) (5.161) (2.442.272) 3. of these financial statements. PT Asahimas Flat Glass Tbk 5 .675) and cash equivalents held (Penurunan) kenaikan neto kas dan setara kas (175.792) Net (decrease) increase in cash and cash equivalents Kas dan setara kas.

PT Asahimas Flat Glass Tbk 6 . Jakarta Utara.1998 Minister of Justice under No. 11 of 1970. UMUM 1.01. dan impor. Perubahan nama Perseroan dated 17 January 1972..01.5/5/19 tanggal 17)Januari 1972. commercial operations commenced in April 1973. West Ancol. 6510 (untuk perubahan No. 4. 45 mengenai perubahan dan pernyataan Dr. LL. Ancol IX/5. PT ASAHIMAS FLAT GLASS Tbk CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS TAHUN YANG BERAKHIR PADA 31 DESEMBER 2015 DAN 2014/ YEARS ENDED 31 DECEMBER 2015 AND 2014 1. dan di Tanjung Sari.Th.…..6510 (concerning the change of the Company’s nama Perseroan) pada Berita Negara No. these deeds were approved oleh Menteri Kehakiman dengan No. Perseroan bergerak dalam bidang industri kaca.03-0946820. 73.. as 1971 No. menjadi changed from PT Asahimas Flat Glass Co. dengan and Law No.5/5/19 by the Minister of Justice under No. and at Tanjung Timur.73. Publication Negara sedang dalam proses.. at Bukit Cikampek. in the supplement to State Gazette is still on process.Th. Head Office is at Jl. AHU-AH.. dated 5 June 20I5 kembali Anggaran Dasar Perseroan. lrawan Soerodjo. quality certification service for produk kaca serta kegiatan lain yang berkaitan dengan glass products and other activities related to the usaha tersebut. Anggaran dasar Perseroan telah mengalami beberapa Several amendments have been made to the kali perubahan. 9..August 1998. on 25. by deed of notary public akta notaris Koerniatini Karim tanggal 7 Oktober Koerniatini Karim dated 7 October 1971 No. dan jasa sertifikasi mutu berbagai jenis export and import. diubah dengan akta notaris yang sama amended by deed of the same notary dated tanggal 6)Januari 1972 No.1998. 1 tahun capital investment framework of Law No. 1 of 1995) and Supplement 1995) dan Tambahan No.A. on 30 June 2015. 94 tanggal name) to State Gazette No. Kawasan Industri Ancol. Operasi komersial Perseroan dimulai aforementioned businesses. Ancol IX/5.M dated 26 Juni 1998 No.H. 6509 (to comply with the Undang-Undang Perseroan Terbatas No. 1998.The Company’s establishment Perseroan didirikan dalam kerangka penanaman The Company was established within the foreign modal asing berdasarkan Undang-Undang No. MSi. akta ini disetujui oleh Menteri 26 June 1998 No. ekspor The Company is engaged in the glass industry. 1 of 1967 1967 jo. GENERAL a. akta-akta ini disetujui 6 January 1972 No. 9. Pengumuman pada Berita AH. J.A.. 1 tahun Corporate Law No. S.M tanggal public Amrul Partomuan Pohan. Perseroan berdomisili di Indonesia dengan Kantor The Company is domiciled in Indonesia and its Pusat di Jl. as published Tambahan No. this deed was approved by the Kehakiman dengan No.. SH. 94 on 24 November 24)Nopember 1998.Pendirian Perseroan a.)4. Sidoarjo. to PT)Asahimas Flat Glass Tbk dilakukan dengan akta PT Asahimas Flat Glass Tbk by deed of notary notaris Amrul Partomuan Pohan. S. The Company’s pada bulan April 1973. The Company’s factories are located at Ancol.03-0946820. Cikampek. di Bukit Indah Industrial Park. Jawa Indah Industrial Park.04. LL. Sari. 1rawan Soerodjo. Jakarta Utara.)6509 (untuk menyesuaikan dengan in Supplement No. North Jakarta. North Pabrik Perseroan berlokasi di Kawasan Industri Jakarta.01. C2-12065 tanggal 25 Agustus 1998 dan diumumkan dalam HT.H. Ltd. this deed has been filed with the Manusia dengan No. termasuk No. The latest notaris Dr.04. Perubahan terakhir dengan akta Company’s Articles of Association.. J. SH. akta ini telah Companies conducting Public Offerings and Public diberitahukan kepada Menteri Hukum dan Hak Asasi Companies. Minister of Law and Human Rights under No AHU- tanggal 30 Juni 2015. The Company’s name dari PT)Asahimas Flat Glass Co. 45 regarding changes and restatement the menyesuaikan dengan peraturan Otoritas Jasa Company’s Articles of Association. East Java.01. MSi tanggal 5 Juni amendment was effected by deed of notary public 2015 No. C2-12065 HT.. Sidoarjo. Ancol Barat. Ltd. 11 tahun 1970. including to Keuangan tentang Pokok-Pokok Anggaran Dasar comply with Financial Services Agency Regulation Perseroan yang melakukan Penawaran Umum Efek pertaining to the Articles of Association of Bersifat Ekuitas dan Perusahaan Publik. Undang-Undang No.

/Mr. Tan Pei Ling President Commissioner Wakil Presiden Vice President Komisaris Tn. Prasetyo Aji Tn. dewan komisaris./Mr./Mr.Oktober 1995 mengenai “Pemberitahuan No. 18. Benyamin Subrata Tn. Mitsuhiro Yoshikado Tn.00. Mampei Chiyoda President Director Wakil Presiden Direktur Tn. Hideya Tanaka Tn. Naomasa Taniguchi Tn. Emanuel David Satria Tn. Takeo Takei Komisaris Independen Tn./Mr. Takeo Takei Tn./Mr. Rusli Pranadi Tn. GENERAL (Continued) b. Tjio Ferry Susanto Tn. Hideya Tanaka Direksi Directors Presiden Direktur Tn./Mr. Mampei Chiyoda Tn./Mr. Sadayoshi Shinotsuka Tn. UMUM (Lanjutan) 1.The Company’s public offering Sesuai dengan surat Ketua Badan Pengawas Pasar In accordance with the letter from the Chairman of the Modal (“Bapepam”)./Mr.…. Perseroan yang beredar telah tercatat.000 saham dengan nilai nominal Rp 500 per share. saham shares have been listed. Rusli Pranadi Independent Director PT Asahimas Flat Glass Tbk 7 ./Mr./Mr./Mr. directors and audit committee as of 2014 adalah sebagai berikut: 31 December 2015 and 2014 were as follows: 2015 2014 Dewan Komisaris Board of Commissioners Presiden Komisaris Tn./Mr. Mohamad Amien Tn. in 2000 the Company had a public offering kepada masyarakat melalui pasar modal di through the capital market at PT Bursa Efek Jakarta PT Bursa Efek Jakarta (selanjutnya berubah nama (subsequently named PT Bursa Efek Indonesia)./Mr. Tatsuo Sugiyama Direktur Independen Tn./Mr.. Information about employees./Mr./Mr./Mr. Tjahjana Setiadhi Tn. direksi perseroan dan The members of the Company’s boards of komite audit pada tanggal 31 Desember 2015 dan commissioners./Mr./Mr. Naomasa Taniguchi Directors Tn.000. Benyamin Subrata Independent Commissioners Tn. the Company’s issued saham.. directors and the audit committee Susunan dewan komisaris.000. Masahiro Takeda Tn.S-1323/PM/1995 dated 18 October 1995 titled Efektifnya Pernyataan Pendaftaran”./Mr. Tjio Ferry Susanto Tn./Mr.. boards of direksi dan komite audit commissioners./Mr. Informasi mengenai karyawan. pada tahun “Notification that the Registration Statement becomes 2000 Perseroan melakukan penawaran umum Effective”. Prasetyo Aji Tn./Mr. c./Mr. No./Mr. Since 18 December 2000./Mr.Penawaran umum efek Perseroan b. c. Michitaka Goto Tn. of menjadi PT Bursa Efek Indonesia). sejumlah 86.. Tan Pei Ling Tn./Mr. Tatsuo Sugiyama Tn. PT ASAHIMAS FLAT GLASS Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)/NOTES TO THE FINANCIAL STATEMENTS (Continued) TAHUN YANG BERAKHIR PADA 31 DESEMBER 2015 DAN 2014/ YEARS ENDED 31 DECEMBER 2015 AND 2014 1./Mr./Mr. Yasushi Kawamoto Tn. S-1323/PM/1995 tanggal Capital Market Supervisory Agency (“Bapepam”)./Mr. Andi Purnomo Commissioners Tn. Tjahjana Setiadhi Vice President Director Soetedja Direktur-direktur Tn./Mr./Mr. Yoshiki Inoue Tn. Mitsuhiro Yoshikado Tn./Mr. Sejak tanggal 18 Desember 2000.000 shares with a par value of Rp 500 per 86. Kimikazu Ichikawa Commissioner Komisaris-komisaris Tn. Emanuel David Satria Soetedja Tn./Mr.

Dr. the world. The financial statements were approved for issuance by oleh Direksi pada tanggal 29 Maret 2016. VIII./Mr. KEP-347/BL/2012 “Amendment to regulation No. Perseroan As at 31 December 2015 and 2014./Mr. PT Asahimas Flat Glass Tbk 8 . e.111 juta (tidak diaudit). Informasi mengenai karyawan. 2. AGI berdomisili di Indonesia. c.789 dan 2. AGI is accounted for as an investasi dengan metode ekuitas dan tidak equity-accounted investment and is not consolidated. DASAR PENYUSUNAN 2. Dr. Ir. Jepang (“AGC”) yang (“AGC”) that has subsidiaries and affiliates throughout memiliki entitas anak dan afiliasi di seluruh dunia. SH.M Tn. Hariawan Pribadi Per 31 Desember 2015 dan 2014.95%. PT Auto Glass Indonesia (“AGI”). total assets (before elimination) AGI jumlah aset (sebelum eliminasi) AGI adalah amounted to Rp 6. LL.7 “Guidelines for the Preparation sebagaimana diubah oleh Keputusan No. dikonsolidasi./Mr. Japan Asahi Glass Co.G./Mr. Jumlah aset.7 Accounting Standards (“SAK”) and Bapepam LK’s “Pedoman Penyajian Laporan Keuangan” regulation No. Partomuan Audit Committee members Pohan. liabilities. Statement of compliance Laporan keuangan Perseroan telah disusun sesuai The Company’s financial statements have been dengan Standar Akuntansi Keuangan di Indonesia prepared in accordance with Indonesian Financial (“SAK”) dan peraturan Bapepam-LK No. liabilitas. dewan komisaris. Perseroan merupakan bagian dari kelompok usaha d.7”. Susanto Tn. VIII. PT ASAHIMAS FLAT GLASS Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)/NOTES TO THE FINANCIAL STATEMENTS (Continued) TAHUN YANG BERAKHIR PADA 31 DESEMBER 2015 DAN 2014/ YEARS ENDED 31 DECEMBER 2015 AND 2014 1. BASIS OF PREPARATION a.G. Per 31 Desember 2015. Laporan keuangan telah disetujui untuk diterbitkan f. Operasi komersialnya commercial operations started in April 2001.7”. VIII. Benyamin Subrata Tn. boards of commissioners. Ltd. respectively... Pernyataan kepatuhan a. Drs. Its pemasangan kaca otomotif. PT Auto Glass e.. d.111 million (unaudited). Susanto Tn.805 employees (unaudited)./Mr. H. and results of operations dianggap tidak material terhadap laporan keuangan are considered not material to the Company’s financial Perseroan. AGI is domiciled in Indonesia. A. afiliasi di beberapa negara. Benyamin Subrata Audit Committee Chairman Anggota Komite Audit Tn. dan hasil operasi AGI AGI’s total assets. engaged in bergerak dalam bidang jasa perbaikan dan automotive glass repair and installation services. Ir. 31 December 2015. AGI diperlakukan sebagai statements. dengan persentase kepemilikan Indonesia (“AGI”).G. SH.789 and 2.805 2. 347/BL/2012 “Perubahan atas peraturan No. the Company had mempekerjakan masing-masing 2.95%./Mr. A. 99. Partomuan Tn./Mr. Information about employees. Therefore. Perseroan memiliki satu entitas anak. Ltd. UMUM (Lanjutan) 1. The Company is part of Asahi Glass Co. Drs. Rp 6. and PT Rodamas that has subsidiaries and dan PT Rodamas yang memiliki entitas anak dan affiliates in certain countries. As of dimulai sejak April 2001. Hariawan Pribadi Tn. of Financial Statements” as amended by Decree No.G.M Pohan. Karenanya. LL. H. the Directors on 29 March 2016. VIII. GENERAL (Continued) c. karyawan (tidak diaudit). f. with the percentage of ownership of sebesar 99./Mr.. The Company has one subsidiary. direksi dan komite audit (Lanjutan) directors and the audit committee (Continued) 2015 2014 Komite Audit Audit Committee Ketua Komite Audit Tn. KEP.

assumptions. Hasil aktual dapat berbeda dari those estimated amounts. e. liabilitas. Dampak dari The impact of the change to the 2014 results of perubahan ini tidak material terhadap hasil operasi operations was immaterial. dan disusun dengan metode langsung and financing activities. This change in estimate has been Perubahan taksiran ini diterapkan secara accounted for on a prospective basis starting in 2014. nilai-nilai estimasi tersebut. estimasi dan asumsi e. pengukuran pada nilai wajar. which is the Company’s functional currency. Statement of cash flows Laporan arus kas menyajikan perubahan dalam kas The statement of cash flows presents the changes in dan setara kas dari aktivitas operasi. Dasar pengukuran b. merupakan mata uang fungsional Perseroan. serta jumlah aset. dan cash and cash equivalents from operating. Informasi mengenai ketidakpastian asumsi dan Information about assumptions and estimation estimasi yang dapat mengakibatkan penyesuaian uncertainties that may result in a material adjustment material pada tahun berikutnya termasuk di within the following year is included in Note 14. pendapatan dan beban income and expenses. except where the ketika standar akuntansinya mensyaratkan accounting standards require fair value measurement. yang The financial statements are presented in Rupiah. pendanaan. Revisions to estimates are recognized secara prospektif. estimates and assumptions Penyusunan laporan keuangan Perseroan The preparation of the Company’s financial statements mengharuskan manajemen untuk membuat requires management to make judgments. these assets. d. Mata uang fungsional dan penyajian d. BASIS OF PREPARATION (Continued) b. kecuali basis using the historical cost concept. Revisi atas estimasi diakui an ongoing basis. Di tahun 2014. investing. Laporan arus kas c. prospektif dimulai dari tahun 2014. manajemen memperbaharui In 2014. Penggunaan pertimbangan. prospectively. management updated the estimated useful lives taksiran masa manfaat atas beberapa aset tetap of certain production fixed assets having considered the untuk produksi dengan mempertimbangkan saat timing of the economic benefits to be received from manfaat ekonomi yang diterima dari aset tersebut. Perseroan di tahun 2014. Basis of measurement Laporan keuangan disusun atas dasar akrual The financial statements are prepared on the accrual dengan menggunakan konsep nilai historis. PT ASAHIMAS FLAT GLASS Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)/NOTES TO THE FINANCIAL STATEMENTS (Continued) TAHUN YANG BERAKHIR PADA 31 DESEMBER 2015 DAN 2014/ YEARS ENDED 31 DECEMBER 2015 AND 2014 2. Catatan 14. Actual results may differ from yang dilaporkan. Estimasi dan asumsi dasarnya ditelaah secara Estimates and underlying assumptions are reviewed on berkesinambungan. estimates and pertimbangan. estimasi dan asumsi yang assumptions that affect the application of accounting mempengaruhi penerapan kebijakan akuntansi policies and the reported amounts of assets. Functional and presentation currency Laporan keuangan disajikan dalam Rupiah. liabilities. investasi. pengukuran liabilitas imbalan kerja: measurement of employee benefits obligation: actuarial asumsi aktuarial. and is prepared using the (direct method). PT Asahimas Flat Glass Tbk 9 . Use of judgments. direct method. DASAR PENYUSUNAN (Lanjutan) 2. c.

SUMMARY OF SIGNIFICANT YANG PENTING ACCOUNTING POLICIES Kebijakan akuntansi dibawah ini telah diterapkan secara The accounting policies set out below have been applied konsisten terhadap seluruh periode yang disajikan di consistently to all periods presented in these financial laporan keuangan ini. the Company adopts the ketentuan Pernyataan Standar Akuntansi Keuangan provisions of Statement of Financial Accounting (“PSAK”) No. statements (see Note 29). 24 (2013 Revision). lmbalan Kerja. 24 (Revisi 2013). where remeasurements of the net defined pasti (misalnya keuntungan dan kerugian aktuarial) benefit liability (for example. statements. Sesuai dengan ketentuan transisi dari PSAK In accordance with the transitional provision of the tersebut. atau kerugian kurtailmen diakui segera di laba rugi. IKHTISAR KEBIJAKAN AKUNTANSI 3. Employee dimana pengukuran kembali liabilitas neto imbalan Benefits. 3. biaya jasa lalu yang belum menjadi to profit or loss on a straight line basis over the hak karyawan diamortisasi ke laba rugi dengan estimated average remaining vesting period. DASAR PENYUSUNAN (Lanjutan) 2. dianggap sebagai setara kas. actuarial gains and losses) diakui segera di penghasilan komprehensif lainnya. the Company recognized it in profit menggunakan pendekatan koridor yang or loss using the corridor approach that allowed for memperbolehkan penangguhan pengakuan atas deferred recognition of actuarial gain and losses. Perseroan menerapkan perubahan PSAK. dampak perubahan manfaat that relates to past service or the gain or loss on sehubungan dengan biaya jasa lalu atau keuntungan curtailment is recognized immediately in profit or loss. Previously. metode garis lurus selama periode rata-rata sisa masa kerja ekspektasian. ketika manfaat dari suatu In addition. Perubahan kebijakan akuntansi f. Standard (“PSAK”) No. Previously. Sebagai tambahan. Changes in accounting policies Sejak 1 Januari 2015. Cash equivalents Deposito berjangka yang jatuh temponya tidak lebih Time deposits with original maturities of three months dari tiga bulan sejak tanggal penempatannya or less are considered as cash equivalents. 0 Setara kas a. PT Asahimas Flat Glass Tbk 10 . Perseroan mengadopsi Since 1 January 2015. keuntungan dan kerugian aktuarial. Perseroan mengakuinya di laba rugi income. a. the Company has applied the change in this kebijakan akuntansi ini secara retrospektif dan telah accounting policy retrospectively and has restated the menyajikan kembali informasi komparatif di dalam comparative information presented in these financial laporan keuangan ini (lihat Catatan 29). when the benefits of a plan are changed or program berubah atau suatu program mengalami when a plan is curtailed. the resulting change in benefit kurtailmen. BASIS OF PREPARATION (Continued) f. non-vested past service cost was amortized Sebelumnya. PT ASAHIMAS FLAT GLASS Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)/NOTES TO THE FINANCIAL STATEMENTS (Continued) TAHUN YANG BERAKHIR PADA 31 DESEMBER 2015 DAN 2014/ YEARS ENDED 31 DECEMBER 2015 AND 2014 2. are recognized immediately in other comprehensive Sebelumnya.

Changes in the suku bunga efektif awal. Interest effects signifikan. pada pengakuan awal. SUMMARY OF SIGNIFICANT YANG PENTING (Lanjutan) ACCOUNTING POLICIES (Continued) b. they are carried at amortized cost. if necessary. atau pada saat aset tersebut direalisasi dan liabilitas tersebut diselesaikan secara simultan. which are pendek lainnya. penurunan nilai diakui dalam laba atau rugi. The effective interest rate is the dengan mendiskontokan nilai aset menggunakan rate that discounts expected future cash flows to the net suku bunga efektif. Nilai kerugian the impairment loss is the difference between the penurunan nilai merupakan selisih antara nilai carrying amount of the financial asset and the present tercatat aset keuangan dan nilai sekarang dari value of its estimated future cash flows discounted at the estimasi arus kas yang didiskonto menggunakan original effective interest rate. IKHTISAR KEBIJAKAN AKUNTANSI 3. unless the effect of discounting diperlukan. dikategorikan sebagai “Pinjaman yang diberikan which are categorized as “Loans and receivables”. aset keuangan tersebut dicatat net of provision for impairment. Biaya perolehan diamortisasi diukur would be insignificant. dikurangi biaya transaksi yang dapat less any directly attributable transaction costs. Amortized sebesar biaya perolehan diamortisasi. piutang usaha dan piutang lainnya. Suku bunga efektif adalah suku bunga from the application of the effective interest method are yang mendiskontokan arus kas masa depan yang recognized in profit or loss. PT ASAHIMAS FLAT GLASS Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)/NOTES TO THE FINANCIAL STATEMENTS (Continued) TAHUN YANG BERAKHIR PADA 31 DESEMBER 2015 DAN 2014/ YEARS ENDED 31 DECEMBER 2015 AND 2014 3. Setelah initial measurement. or when the asset is hapus atas jumlah yang telah diakui dan ada niat realized and the liability settled simultaneously. Liabilitas keuangan awalnya diukur pada nilai Financial liabilities are initially measured at fair value wajar. jika the effective interest rate. Efek bunga dari penerapan metode suku bunga efektif diakui dalam laba atau rugi. yang dikategorikan sebagai categorized as “Financial liabilities measured at “Liabilitas keuangan yang diukur pada biaya amortized cost”. beban akrual dan liabilitas jangka expenses and other current liabilities. Liabilitas keuangan Perseroan terdiri Financial liabilities comprise trade payables. yang equivalents. Aset keuangan yang dikategorikan sebagai Financial assets that are categorized as loans and pinjaman yang diberikan dan piutang awalnya receivables are initially measured at fair value. on initial recognition. dan setelahnya subsequently are measured at amortized cost using the diukur pada biaya perolehan diamortisasi dengan effective interest method. PT Asahimas Flat Glass Tbk 11 . Perubahan penyisihan impairment provision are recognized in profit or loss. accrued dari utang usaha. ditambah biaya transaksi directly attributable transaction costs. dan piutang”. and diatribusikan secara langsung. untuk menyelesaikan secara neto. Aset keuangan dan liabilitas keuangan dapat saling Financial assets and liabilities are offset and the net hapus dan nilai netonya disajikan dalam laporan amount is presented in the statement of financial posisi keuangan jikalau Perseroan memiliki hak position when there is a legal right of offset and there is yang berkekuatan hukum untuk melakukan saling an intention to settle on a net basis. pengukuran awal. Instrumen keuangan b. The amount of awal dari instrumen tersebut. kecuali efek diskonto tidak carrying amount. setelah cost is measured by discounting the asset amounts using dikurangi penyisihan kerugian penurunan nilai. Financial instruments Aset keuangan Perseroan terdiri dari kas dan setara The Company’s financial assets comprise cash and cash kas. menggunakan metode suku bunga efektif. plus any diukur pada nilai wajar. trade receivables and other receivables. Penyisihan penurunan nilai diakui untuk aset An impairment provision is recognized for financial keuangan yang dikategorikan sebagai pinjaman assets that are categorized as loans and receivables yang diberikan dan piutang bila terdapat bukti when there is objective evidence that the Company will obyektif bahwa Perseroan tidak akan mampu not be able to recover their carrying amounts according memulihkan nilai tercatat sesuai dengan ketentuan to the original terms of the instrument. Subsequent to yang dapat diatribusikan secara langsung. perolehan diamortisasi”. diharapkan dengan nilai tercatat neto.

at year end. operating capacity. based on normal kapasitas operasi normal. perlengkapan dan perabot 2 . pada setiap tanggal each reporting date and adjusted if appropriate. Penyisihan penurunan nilai persediaan ditetapkan Provision for decline in value of inventory is provided berdasarkan penelaahan manajemen atas keadaan based on management’s review of the inventory’s status persediaan pada akhir tahun. pallets.8 tahun/years Tools.0 Aset tetap d. PT ASAHIMAS FLAT GLASS Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)/NOTES TO THE FINANCIAL STATEMENTS (Continued) TAHUN YANG BERAKHIR PADA 31 DESEMBER 2015 DAN 2014/ YEARS ENDED 31 DECEMBER 2015 AND 2014 3. SUMMARY OF SIGNIFICANT YANG PENTING (Lanjutan) ACCOUNTING POLICIES (Continued) c. Penyusutan dihitung sejak bulan aset tersebut siap Depreciation is applied from the month such assets are sesuai dengan tujuan penggunaannya. palet. furniture and fixtures Metode penyusutan dan masa manfaat aset ditelaah Depreciation method and useful lives are reviewed at dan jika perlu disesuaikan. the land) and are not amortized. d.13 tahun/years Furnaces Lapisan tungku peleburan 4 tahun/years Furnace lining Mesin dan peralatan 2 . Aset tetap selain tanah dinyatakan sebesar harga Fixed assets other than land are stated at cost less perolehan dikurangi akumulasi penyusutan dan accumulated depreciation and accumulated impairment akumulasi kerugian penurunan nilai. Cost of inventories is computed using persediaan dihitung dengan metode rata-rata. Fixed assets Tanah yang diperoleh dengan sertifikat “Hak Guna Lands acquired under “Hak Guna Bangunan” and Bangunan” dan “Hak Guna Bangunan di atas Hak “Hak Guna Bangunan over Hak Pengelolaan Lahan” Pengelolaan Lahan” diukur sebesar harga perolehan titles are measured at acquisition cost (include legal and (termasuk biaya legal dan administrasi untuk administrative costs incurred in transactions to acquire memperoleh tanah) dan tidak diamortisasi. mana yang lebih rendah. PT Asahimas Flat Glass Tbk 12 . berdasarkan their estimated stage of completion. Net realizable value is the estimated realisasi neto merupakan estimasi harga jual pada selling price in the ordinary course of business less aktivitas normal Perseroan dikurangi biaya completion costs and other costs necessary to make the penyelesaian dan biaya lainnya yang diperlukan sampai goods saleable. IKHTISAR KEBIJAKAN AKUNTANSI 3. pelaporan. barang siap dijual. dengan ready for their intended uses. losses. using the straight-line metode garis lurus. Penilaian persediaan c. Biaya barang dalam pengolahan pada tanggal Cost of goods in the production process at the reporting pelaporan termasuk biaya produksi rata-rata sesuai date includes a share of production costs proportional to dengan estimasi tingkat penyelesaiannya. berdasarkan taksiran masa method over the estimated useful lives of the assets as manfaat atas aset sebagai berikut: follows: Bangunan dan sarana 10 & 30 tahun/years Buildings and structures Tungku peleburan 4 . Biaya realizable value. Nilai average method.13 tahun/years Machinery and equipment Roller untuk kaca berpola 3 tahun/years Figured glass rollers Kendaraan bermotor 5 tahun/years Motor vehicles Perkakas. Inventory valuation Persediaan dinilai berdasarkan biaya persediaan atau Inventories are valued at the lower of cost or net nilai realisasi neto.

from the month sepanjang taksiran masa manfaat 3 sampai 4 they are available for use. Aset takberwujud e. Biaya pemeliharaan dan perbaikan diakui dalam Repair and maintenance costs are recognized in profit laba atau rugi saat terjadinya. Jika terdapat indikasi tersebut maka nilai such indication exists then the asset’s recoverable terpulihkan aset tersebut diestimasi. yang terdiri dari Purchased intangible assets. equipment and other lainnya yang terkait langsung dengan costs directly related to the construction/installation of konstruksi/instalasi aset tetap. have finite useful lives. losses are recognized in profit or loss. Amortisasi diakui recognized in profit or loss on a straight-line basis over dalam laba rugi dengan metode garis lurus the estimated useful lives of 3 to 4 years. IKHTISAR KEBIJAKAN AKUNTANSI 3. Impairment of non-financial assets Nilai tercatat aset non-keuangan Perseroan The carrying amounts of the Company’s non-financial ditelaah pada setiap tanggal pelaporan untuk assets are reviewed at each reporting date to determine menentukan apakah terdapat indikasi penurunan whether there is any indication of impairment. f. the estimated future menentukan nilai pakai. Unit of a cash-generating unit exceeds its recoverable penghasil kas adalah kelompok terkecil aset yang amount. Rugi penurunan nilai diakui jika nilai tercatat unit An impairment loss is recognized if the carrying amount penghasil kas melebihi nilai terpulihkannya. largely are independent from other assets. dan diukur pada harga measured at cost less accumulated amortization and perolehannya dikurangi akumulasi amortisasi dan accumulated impairment losses. PT ASAHIMAS FLAT GLASS Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)/NOTES TO THE FINANCIAL STATEMENTS (Continued) TAHUN YANG BERAKHIR PADA 31 DESEMBER 2015 DAN 2014/ YEARS ENDED 31 DECEMBER 2015 AND 2014 3. Fixed assets (Continued) Aset dalam penyelesaian/instalasi merupakan Assets under construction/installation represent the akumulasi biaya material. e. The accumulated cost is reclassified to tersebut akan direklasifikasi ke kategori aset tetap the related category of fixed assets when the yang bersangkutan pada saat konstruksi/instalasi construction/ installation is completed and the asset is selesai dan aset tersebut siap untuk digunakan ready for its intended use. Akumulasi biaya the fixed assets. mempunyai masa software licenses. sedangkan biaya or loss as incurred. sejak bulan dimana aset takberwujud tersebut siap untuk digunakan. PT Asahimas Flat Glass Tbk 13 . which comprise computer lisensi piranti lunak komputer. and are manfaat yang terbatas. Nilai terpulihkan unit penghasil kas adalah nilai The recoverable amount of a cash-generating unit is the yang lebih tinggi antara nilai pakai dan nilai wajar greater of its value in use and its fair value less costs of dikurangi dengan biaya untuk melepas. sesuai dengan tujuannya. peralatan dan biaya accumulated costs of materials. A cash-generating unit is the smallest dapat diidentifikasi dan menghasilkan arus kas identifiable asset group that generates cash flows that yang sebagian besar independen dari aset lainnya. while costs incurred subsequently to yang selanjutnya timbul untuk menambah atau add to or replace part of the fixed assets are capitalized mengganti bagian dari aset tetap dikapitalisasi when the recognition criteria are met. If any nilai. estimasi arus kas masa cash flows are discounted to their present value using a depan didiskontokan ke nilai sekarang dengan pre-tax discount rate that reflects current market menggunakan tingkat diskonto sebelum pajak assessments of the time value of money and the risks yang mencerminkan penilaian pasar kini atas nilai specific to the cash-generating unit. waktu uang dan risiko spesifik atas unit penghasil kas tersebut. Dalam disposal. ketika kriteria pengakuan terpenuhi. tahun. Penurunan nilai aset non-keuangan f.0 Aset tetap (Lanjutan) d. Amortization is akumulasi penurunan nilai. Intangible assets Aset takberwujud yang dibeli. amount is estimated. Impairment Rugi penurunan nilai diakui dalam laba rugi. In assessing value in use. SUMMARY OF SIGNIFICANT YANG PENTING (Lanjutan) ACCOUNTING POLICIES (Continued) d.

depresiasi atau amortisasi. setelah dikurangi loss had been recognized. 24 (Revisi 2013). the Company adopts the ketentuan PSAK No. h. dalam estimasi yang digunakan untuk An impairment loss is reversed only to the extent that the menentukan nilai terpulihkan. g. Rugi impairment loss is reversed if there has been a change in penurunan nilai dipulihkan jika terjadi perubahan the estimates used to determine the recoverable amount. IKHTISAR KEBIJAKAN AKUNTANSI 3. Imbalan kerja h. Rugi penurunan cash-generating unit’s carrying amount does not exceed nilai dipulihkan sebatas nilai tercatat unit the carrying amount that would have been determined. actuarial gains and losses) aktuarial) diakui segera di penghasilan are recognized immediately in other comprehensive komprehensif lainnya. Impairment of non-financial assets (Continued) Rugi penurunan nilai yang diakui pada periode Impairment losses recognized in prior periods are sebelumnya dievaluasi pada setiap tanggal assessed at each reporting date for any indications that pelaporan untuk indikasi apakah rugi penurunan the loss has decreased or no longer exists. Penurunan nilai aset non-keuangan (Lanjutan) f. SUMMARY OF SIGNIFICANT YANG PENTING (Lanjutan) ACCOUNTING POLICIES (Continued) f. Penurunan nilai atas aset diakui dalam laba atau rugi. Sebelum classification as held for sale.. Sejak 1 Januari 2015. . Sebelumnya.. Previously. jumlah tercatat aset diukur sesuai for similar assets and subsequently the assets are dengan kebijakan akuntansi Perseroan untuk aset measured at the lower of their carrying amount and fair sejenis dan kemudian aset tersebut diukur pada value less costs to sell. penghasil kas tersebut yang tidak melebihi nilai net of depreciation or amortization. Perseroan mengadopsi Since 1 January 2015. dimana pengukuran kembali liabilitas Benefits. PT Asahimas Flat Glass Tbk 14 . credit. lmbalan provisions of PSAK No. Perseroan income. Perhitungan dilakukan oleh aktuaris performed by a qualified actuary using the projected berkualifikasi dengan metode projected unit unit credit method. The resulting impairment losses nilai yang lebih rendah antara jumlah tercatat dan are immediately recognized in profit or loss. jika rugi penurunan nilai tidak diakui. The calculation is masa lalu. Employee benefits Liabilitas atas imbalan kerja dihitung sebesar The obligation for employee benefits is calculated at nilai kini dari taksiran jumlah imbalan kerja di the present value of estimated future benefits that the masa depan yang timbul dari jasa yang telah employees have earned in return for their services in diberikan oleh karyawan pada masa kini dan the current and prior periods.Aset tidak lancar yang dimiliki untuk dijual g. 24 (2013 Revision). the assets are remeasured klasifikasi awal aset tidak lancar sebagai dimiliki in accordance with the Company’s accounting policies untuk dijual. if no impairment tercatat yang seharusnya diakui. An nilai telah berkurang atau tidak ada lagi. Immediately before daripada melalui pemakaian berlanjut. nilai wajar setelah dikurangi biaya untuk menjual. the Company recognized it in profit mengakuinya di laba rugi menggunakan or loss using the corridor approach that allowed for pendekatan koridor yang memperbolehkan deferred recognition of actuarial gains and losses. Non-current assets held for sale Aset tidak lancar yang diklasifikasikan sebagai Non-current assets that are expected to be recovered dimiliki untuk dijual jika jumlah tercatatnya akan primarily through sale rather than through continuing dipulihkan terutama melalui transaksi penjualan use are classified as held for sale. penangguhan pengakuan atas keuntungan dan kerugian aktuarial. Employee Kerja. PT ASAHIMAS FLAT GLASS Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)/NOTES TO THE FINANCIAL STATEMENTS (Continued) TAHUN YANG BERAKHIR PADA 31 DESEMBER 2015 DAN 2014/ YEARS ENDED 31 DECEMBER 2015 AND 2014 3. where remeasurements of the net defined imbalan pasti (misalnya keuntungan dan kerugian benefit liability (for example.

the resulting change in benefit kurtailmen. Previously. Expenses are recognized when incurred. the Company has applied the change in this kebijakan akuntansi ini secara retrospektif dan telah accounting policy retrospectively and has restated the menyajikan kembali informasi komparatif di dalam comparative information presented in these financial laporan keuangan ini (lihat Catatan 29). Revenue and expense recognition Pendapatan dari penjualan produk diukur pada Revenue from sale of products is measured at the fair nilai wajar imbalan yang diterima atau dapat value of the consideration received or receivable.. ketika manfaat dari suatu In addition. Untuk customers. atau kerugian kurtailmen diakui segera di laba rugi. dampak perubahan manfaat that relates to past service or the gain or loss on sehubungan dengan biaya jasa lalu atau keuntungan curtailment is recognized immediately in profit or loss. pemulihan imbalan kemungkinan consideration is probable. allowances and trade discounts. pengalihan risiko dan manfaat rewards generally occurs upon loading the products umumnya terjadi pada saat produk dimuat ke dalam onto the sea or air carrier. the transfers of risks and penjualan ekspor. the transfers of risks and rewards lembaran. biaya yang terkait dan possible return of products can be measured reliably. Untuk penjualan domestik kaca sales of flat glass. For domestic penjualan. when the benefits of a plan are changed or program berubah atau suatu program mengalami when a plan is curtailed. Pengakuan pendapatan dan beban i. non-vested past service cost was amortized Sebelumnya. recovery of the kepada pelanggan. IKHTISAR KEBIJAKAN AKUNTANSI 3. Employee benefits (Continued) Sebagai tambahan. angkutan laut atau udara. dan manajemen tidak lagi ikut serta with the products. biaya jasa lalu yang belum menjadi to profit or loss on a straight line basis over the hak karyawan diamortisasi ke laba rugi dengan estimated average remaining vesting period. Revenue is diskon perdagangan. statements (see Note 29). For export sales. SUMMARY OF SIGNIFICANT YANG PENTING (Lanjutan) ACCOUNTING POLICIES (Continued) h. setelah dikurangi retur. the associated costs and besar akan terjadi. net of diterima. Pendapatan diakui pada saat recognized when persuasive evidence exists that bukti persuasif ada bahwa risiko dan manfaat significant risks and reward of ownership have been kepemilikan telah dialihkan secara signifikan transferred to the customer. PT ASAHIMAS FLAT GLASS Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)/NOTES TO THE FINANCIAL STATEMENTS (Continued) TAHUN YANG BERAKHIR PADA 31 DESEMBER 2015 DAN 2014/ YEARS ENDED 31 DECEMBER 2015 AND 2014 3. If it is probable that discounts will be dalam pengelolaan produk tersebut. the transfer of risk and rewards pengalihan risiko dan manfaat umumnya terjadi generally occurs when the products are received by the pada saat produk diterima oleh pelanggan. the kemungkinan bahwa diskon akan diberikan dan discount is recognized as a reduction of revenue when jumlahnya dapat diukur dengan andal. Jika besar granted and the amount can be measured reliably.. penyisihan dan returns. diskon the sales are recognized. metode garis lurus selama periode rata-rata sisa masa kerja ekspektasian. automotive glass. PT Asahimas Flat Glass Tbk 15 . Perseroan menerapkan perubahan PSAK. Imbalan kerja (Lanjutan) h. Untuk penjualan domestik kaca otomotif. Pengalihan risiko dan manfaat bervariasi tergantung Transfers of risks and rewards vary depending on the pada ketentuan-ketentuan dalam setiap kontrak individual terms of the contract of sale. tersebut diakui sebagai pengurang pendapatan ketika penjualan diakui. Beban diakui pada saat terjadinya. i. kemungkinan pengembalian produk dapat diukur and there is no continuing management involvement dengan andal. For domestic sales of Perseroan. pengalihan risiko dan manfaat umumnya generally occur when the products exit from the terjadi pada saat produk keluar dari gudang Company’s warehouse. Sesuai dengan ketentuan transisi dari PSAK In accordance with the transitional provision of the tersebut.

SUMMARY OF SIGNIFICANT YANG PENTING (Lanjutan) ACCOUNTING POLICIES (Continued) j. and menggunakan tarif pajak yang secara substantif telah includes true-up adjustments made to the previous berlaku pada saat tanggal pelaporan. disesuaikan dengan the beginning of the period as adjusted for effective suku bunga efektif dan pembayaran selama periode interest rate and payments during the period. or to account sebelumnya baik untuk merekonsiliasi cadangan for differences arising from tax assessments. except to the extent that jika pajak tersebut terkait dengan kejadian yang they relate to items recognized directly in equity or in diakui secara langsung di ekuitas atau di penghasilan other comprehensive income. menggunakan kurs pada tanggal pelaporan. IKHTISAR KEBIJAKAN AKUNTANSI 3. Pajak kini dan corporate income tax. dengan substantively enacted as of the reporting date. Aset dan Rupiah at the rates of exchange prevailing at liabilitas moneter dalam mata uang asing dijabarkan transaction date. transaction. “Pendapatan keuangan”. Keuntungan dan kerugian kurs atas penjabaran aset Foreign currency gains and losses on retranslation of dan liabilitas keuangan yang dihasilkan dari aktivitas financial assets and liabilities that arise from operasi diakui dalam laba rugi. Current tax and deferred tax are pajak tangguhan diakui dalam laba atau rugi. invested. Pajak kini adalah utang pajak atau pajak yang dapat Current tax is the expected tax payable or refundable dikembalikan yang diharapkan atas penghasilan atau on taxable income or loss for the year. Rupiah at the exchange rates at the reporting date. and the berjalan dan biaya perolehan diamortisasi dalam mata amortized cost in foreign currency translated into uang asing yang dijabarkan ke Rupiah dengan Rupiah at the exchange rate at reporting date. PT ASAHIMAS FLAT GLASS Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)/NOTES TO THE FINANCIAL STATEMENTS (Continued) TAHUN YANG BERAKHIR PADA 31 DESEMBER 2015 DAN 2014/ YEARS ENDED 31 DECEMBER 2015 AND 2014 3. l. Foreign currency translation Transaksi dalam mata uang asing dijabarkan ke Transactions in foreign currencies are translated into Rupiah dengan kurs tanggal transaksi. Income tax Beban pajak penghasilan terdiri dari pajak kini dan Income tax expense comprises current and deferred pajak tangguhan penghasilan badan. operating activities are generally recognized in profit or loss. k. PT Asahimas Flat Glass Tbk 16 . Pendapatan keuangan terdiri dari pendapatan bunga Finance income comprises interest income on funds atas dana yang diinvestasikan. using tax rates rugi kena pajak selama tahun berjalan. atau untuk mencatat perbedaan yang timbul dari pemeriksaan pajak. Pajak penghasilan l. kecuali recognized in profit or loss. komprehensif lain. Aset dan liabilitas nonmoneter dalam mata uang asing Non-monetary assets and liabilities denominated in a yang diukur menggunakan biaya historis dijabarkan foreign currency that are measured at historical cost menggunakan kurs yang berlaku pada tanggal are translated using the exchange rate at the date of transaksi. Monetary assets and liabilities dalam Rupiah dengan menggunakan kurs yang denominated in foreign currencies are translated to berlaku pada tanggal pelaporan. dan termasuk years’ tax provisions either to reconcile them with the penyesuaian terhadap cadangan pajak tahun-tahun income tax reported in annual tax return. tersebut dengan pajak penghasilan yang dilaporkan dalam SPT Tahunan Pajak Penghasilan. Laba dan rugi kurs atas aset dan liabilitas moneter The foreign exchange gain and loss on monetary items merupakan selisih antara biaya perolehan diamortisasi is the difference between amortized cost in Rupiah at dalam Rupiah pada awal periode. Pendapatan keuangan k. Finance income Pendapatan yang berasal dari aktivitas pendanaan Income derived from financing activities that does not yang tidak terkait dengan kegiatan utama Perseroan arise from the Company’s principal activities are dicantumkan dalam laba rugi sebagai bagian dari reflected in profit or loss as part of “Finance income”. Penjabaran valuta asing j..

“Related Parties Disclosures”. Pajak penghasilan (Lanjutan) l. Metode ini juga method also requires the recognition of future tax mengharuskan pengakuan manfaat pajak masa depan.IKHTISAR KEBIJAKAN AKUNTANSI 3. Deferred tax is dengan menggunakan tarif pajak yang diharapkan measured at the tax rates that are expected to be untuk diterapkan terhadap perbedaan temporer pada applied to temporary differences when they reverse. outstanding/issued shares during the year. SUMMARY OF SIGNIFICANT YANG PENTING (Lanjutan) ACCOUNTING POLICIES (Continued) l. n. kemungkinan manfaat pajak tersebut dapat direalisasi. 7 (2010 “Pengungkapan Pihak-Pihak Berelasi”. Segment information Segmen operasi diidentifikasikan berdasarkan jenis Operating segments are identified based on the nature usaha (kaca lembaran dan kaca otomotif) dan segmen of their business (flat glass and automotive glass) and geografis (pasar lokal dan ekspor). such as tax loss carry forwards. Kebijakan akuntansi diterapkan expenses are incurred.. Transactions with related parties Dalam laporan keuangan ini. benefits. Pajak tangguhan di tentukan amounts used for taxation purposes. Income tax (Continued) Pajak tangguhan diakui atas semua perbedaan Deferred tax is recognized in respect of temporary temporer antara nilai tercatat aset dan liabilitas untuk differences between the carrying amounts of assets and tujuan pelaporan keuangan dan nilai yang digunakan liabilities for financial reporting purposes and the untuk tujuan perpajakan. apabila besar that realization of such benefit is probable. the term “related party” digunakan sesuai dengan PSAK No. significant transactions and balances with related pihak berelasi diungkapkan dalam catatan terlampir. is used in accordance with PSAK No. Inter- antar segmen dieliminasi. segment transactions are eliminated. Informasi segmen o. 7 (Revisi 2010). Transaksi dengan pihak-pihak berelasi n. istilah “pihak berelasi” In these financial statements. The accounting policies are secara konsisten di setiap segmen. Seluruh Revision). . Seluruh transaksi consistently applied within each segment. m. Earnings per share Laba per saham dihitung dengan membagi laba tahun Earnings per share is computed by dividing profit for berjalan dengan jumlah rata-rata tertimbang saham the year by the weighted average of total beredar/ditempatkan dalam tahun yang bersangkutan. berdasarkan peraturan yang telah based on the laws that have been enacted or berlaku atau secara substantif berlaku pada saat substantively enacted as of the reporting date. PT ASAHIMAS FLAT GLASS Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)/NOTES TO THE FINANCIAL STATEMENTS (Continued) TAHUN YANG BERAKHIR PADA 31 DESEMBER 2015 DAN 2014/ YEARS ENDED 31 DECEMBER 2015 AND 2014 3. akan dibebankan pada setiap segmen dimana Expenses are charged to each segment wherein the terjadinya beban. parties are disclosed in the following notes. This tanggal pelaporan keuangan. to the extent seperti kompensasi rugi fiskal. Laba per saham m. Beban yang timbul geographical segments (domestic and export market). PT Asahimas Flat Glass Tbk 17 . o. All transaksi dan saldo yang signifikan dengan pihak. saat pembalikan.

cabang Jakarta 120.005% . Jakarta branch PT Bank Negara Indonesia Tbk 212 204 PT Bank Negara Indonesia Tbk Deutsche Bank AG.000 Akun valuta asing: Foreign currency accounts: The Bank of Tokyo-Mitsubishi The Bank of Tokyo-Mitsubishi UFJ Ltd. KAS DAN SETARA KAS 4.03% .010% 0. cabang Jakarta 357.093 Akun valuta asing: Foreign currency accounts: Deutsche Bank AG.709 1. as collateral.95% .25% Deposits in Rupiah Deposito Dolar Amerika Serikat 0.993 1.107.129 186.000 PT Bank Mandiri (Persero) Tbk 385.810 702.33% Deposits in U.50% 0. denominated in foreign currencies. cabang Jakarta 11 13 Jakarta branch PT Bank Mizuho Indonesia 13 5 PT Bank Mizuho Indonesia The Bank of Tokyo-Mitsubishi The Bank of Tokyo-Mitsubishi UFJ Ltd. 57.75% 4.0.0.0. PT ASAHIMAS FLAT GLASS Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)/NOTES TO THE FINANCIAL STATEMENTS (Continued) TAHUN YANG BERAKHIR PADA 31 DESEMBER 2015 DAN 2014/ YEARS ENDED 31 DECEMBER 2015 AND 2014 4.770 206.S.810 349.000 295. cabang Jakarta .90% . cabang Jakarta 103 105 UFJ Ltd. Jakarta branch PT Bank Mizuho Indonesia 183.0.575 UFJ Ltd. Jakarta branch PT Bank Mizuho Indonesia . CASH AND CASH EQUIVALENTS 31 Desember/31 December Dalam jutaan Rupiah 2015 2014 In millions of Rupiah Kas: Cash on hand: Rupiah 972 850 Rupiah Valuta asing 87 135 Foreign currencies Jumlah kas 1. None of the banks are related parties.210 Jumlah deposito berjangka di bank 926. Dollar Deposito Yen Jepang 0. Deutsche Bank AG.11. Tidak ada bank yang merupakan pihak berelasi.030% Deposits in Japanese Yen Tidak ada saldo kas dan setara kas yang digunakan There are no balances of cash and cash equivalents pledged sebagai jaminan..216 Total cash in banks Deposito berjangka di bank: Time deposits in banks: Akun rupiah: Rupiah accounts: The Bank of Tokyo-Mitsubishi The Bank of Tokyo-Mitsubishi UFJ Ltd.105. cabang Jakarta 16 21 Jakarta branch PT Bank Mizuho Indonesia 6 12 PT Bank Mizuho Indonesia 3.425 PT Bank Mizuho Indonesia PT Bank Mandiri (Persero)Tbk 265.899 403. Lihat Catatan 26 untuk rincian saldo kas dan setara kas See Note 26 for details of cash and cash equivalents dalam valuta asing.904 121 UFJ Ltd. Deutsche Bank AG. 9....380 Jakarta branch 540.986 PT Bank Mizuho Indonesia Deutsche Bank AG.005% .9.761 1. Jakarta branch 127 123 Jumlah kas di bank 3...210 Total time deposits in banks 931.844 UFJ Ltd.01% . cabang Jakarta 2.411 Deposito berjangka menghasilkan Time deposits earned interest at the bunga pada tarif sebagai berikut: 2015 2014 following rates: Deposito Rupiah 4.059 985 Total cash on hand Kas di bank: Cash in banks: Akun rupiah: Rupiah accounts: PT Bank Mandiri (Persero) Tbk 52 152 PT Bank Mandiri (Persero) Tbk PT Bank Ganesha 676 583 PT Bank Ganesha The Bank of Tokyo-Mitsubishi The Bank of Tokyo-Mitsubishi UFJ Ltd. PT Asahimas Flat Glass Tbk 18 . Deutsche Bank AG.866 1...

Japan AGC Automotive Philippines Inc. Tidak ada saldo piutang usaha yang digunakan sebagai There are no balances of trade receivables pledged as jaminan. sehingga tidak balances remain collectible and therefore. Indonesia Asahi Glass Co. collateral. Jepang 10. Ltd.310 Receivables from employees Lainnya 17.306 Manajemen telah mengevaluasi kolektibilitas dari Management has evaluated the collectability of each masing-masing saldo piutang usaha dan menetapkan trade receivable balance and has determined that all bahwa seluruhnya dapat tertagih. 5..109 Singapore PT Rodamas.377 AGC Automotive Philippines Inc.445 263.443 354.424 353. provision for diperlukan penyisihan penurunan nilai.639 107.443 354.306 Rincian piutang usaha dalam mata uang: Trade receivables by currency type: Rupiah 189.. Ltd. 6.545 Foreign currencies 353.450 Other 51. PT ASAHIMAS FLAT GLASS Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)/NOTES TO THE FINANCIAL STATEMENTS (Continued) TAHUN YANG BERAKHIR PADA 31 DESEMBER 2015 DAN 2014/ YEARS ENDED 31 DECEMBER 2015 AND 2014 5. sehingga tidak diperlukan penyisihan penurunan collectible and therefore.440 PT Rodamas.. 1. AGC Asia Pacific Pte.. Ltd. Ltd. Pelanggan lainnya 1.306 8..511 Manajemen telah mengevaluasi kolektibilitas dari semua Management has evaluated the collectability of all other piutang lainnya dan menetapkan bahwa seluruhnya receivables and has determined that all balances remain tertagih.761 Rupiah Valuta asing 163. PIUTANG LAINNYA 6. Ltd.751 guarantee return of pallets Piutang karyawan 12. Ltd. Lihat Catatan 26 untuk rincian saldo piutang usaha dalam See Note 26 for details of trade receivables that are valuta asing. TRADE RECEIVABLES 31 Desember/31 December Dalam jutaan Rupiah 2015 2014 In millions of Rupiah Pihak ketiga 94.512 11.. Japan Auto Glass Co.510 132. 569 1. Singapura 137.. required.935 156. Ltd..677 4. PIUTANG USAHA 5..508 197. Ltd. PT Asahimas Flat Glass Tbk 19 .486 4.861 Asahi Glass Co.. Jepang 6. denominated in foreign currencies. Indonesia 94..313 Ltd.485 29.487 13.. AGC Automotive China Co.. AGC Automotive (Thailand) Co. Ltd.998 90.640 2..314 351 Other customers 258. provision for impairment is not nilai.247 AGC Automotive China Co.790 6. impairment is not required..726 Auto Glass Co.882 Unrelated parties Pihak berelasi: Related parties: AGC Asia Pacific Pte. AGC Automotive (Thailand) Co. OTHER RECEIVABLES 31 Desember/31 December Dalam jutaan Rupiah 2015 2014 In millions of Rupiah Piutang dari pelanggan lokal untuk Receivables from domestic customers to menjamin pengembalian palet 21..

092 11.255 Employee receivables Lainnya 16.524 or pertanggungan sebesar USD 55.298 Spare parts.764 25. There are no inventories pledged as collateral.094.761 9.524 atau or equivalent to Rp 685.094.077 Raw materials Bahan pembantu 65.048 Manajemen telah mengevaluasi penurunan nilai Management has evaluated inventory items for impairment persediaan dan menetapkan bahwa nilai realisasi neto and has determined that the net realizable values of all dari semua persediaan melebihi jumlah tercatat.828 Other 14.094. PERSEDIAAN 7.029 juta (2014: USD 55. Per 31 Desember 2015. factory supplies and tools 799.295 139.684 14. 8. PEMBAYARAN DIMUKA LAINNYA 8.947 Supplementary materials Suku cadang. OTHER PREPAYMENTS 31 Desember/31 December Dalam jutaan Rupiah 2015 2014 In millions of Rupiah Uang muka pembelian persediaan 3. ASET TIDAK LANCAR LAINNYA 9. which in setara dengan Rp 685.376 juta).115 Goods in transit 861.933 Advances for inventory purchases Lainnya 11. kerugian yang timbul dari risiko-risiko tersebut.376 million).592 2.856 329.259 20.524 dengan Rp 760. PT ASAHIMAS FLAT GLASS Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)/NOTES TO THE FINANCIAL STATEMENTS (Continued) TAHUN YANG BERAKHIR PADA 31 DESEMBER 2015 DAN 2014/ YEARS ENDED 31 DECEMBER 2015 AND 2014 7.212 45.850 PT Asahimas Flat Glass Tbk 20 . yang menurut keyakinan management’s opinion is adequate to cover possible losses manajemen cukup memadai untuk menutup kemungkinan arising from such risks.711 Advances for fixed asset purchases Piutang karyawan 20.650 63.658 122. OTHER NON-CURRENT ASSETS 31 Desember/31 December Dalam jutaan Rupiah 2015 2014 In millions of Rupiah Uang muka pembelian aset tetap 62.409 83.982 699.266 Finished goods Barang dalam produksi 24. persediaan telah diasuransikan As of 31 December 2015.305 29. keperluan pabrik dan perkakas 144.524 atau setara equivalent to Rp 760.194 745. Tidak ada persediaan yang digunakan sebagai jaminan. there is no impairment.933 Barang dalam perjalanan 61.884 Other 98. therefore.094.086 13. INVENTORIES 31 Desember/31 December Dalam jutaan Rupiah 2015 2014 In millions of Rupiah Barang jadi 371.345 Goods in production Bahan baku 193. inventories were insured against terhadap berbagai risiko kerugian dengan jumlah various risks for a total coverage of USD 55. sehingga inventory items exceed their carrying amounts and tidak ada penurunan nilai persedian.029 million (2014: USD 55.

822. furniture perlengkapan dan perabot (302.500))) 452.190.482) Penyisihan penurunan nilai (3.104) PT Asahimas Flat Glass Tbk 21 .750) )) 369.676) Buildings and structures Tungku peleburan 522.260 Accumulated Akumulasi penyusutan depreciation Bangunan dan sarana (183.392) (51.046) (1.393) 660) 35.491 -))) (2.571) Machinery and equipment Roller untuk kaca berpola 7.786) )) 431.060 114.132) 126.772) 11.367) Figured glass rollers Kendaraan bermotor 37.881) (102.077 Figured glass rollers Kendaraan bermotor 35.398) 244 -))) (340.107.646. terdapat biaya konstruksi pondasi bangunan.608) 88.928. ASET TETAP 10.915) 3.072) (211.604 55.303) )) 2. palet.142 .041) Land Bangunan dan sarana 319.306) Buildings and structures Tungku peleburan (298.670) -) 5.901) 16.784) -) -) 9.452 35.544 Buildings and structures Tungku peleburan 522.827) and fixtures (2. furniture perlengkapan dan perabot 329.762.346) 58.181) -))) 34.385.646. 2014 Saldo/ Saldo/ Balance Penambahan/ Pelepasan/ Reklasifikasi/ Balance Dalam jutaan Rupiah 1/1/2014 Additions Disposals Reclassifications 31/12/2014 In millions of Rupiah Harga perolehan Acquisition cost ) Tanah 254.881) 1.096 11.819) 1.634 (18.524) . penyelesaian. pallets. (1.920) 334. in which up to sampai dengan 31 Desember 2015 bangunan terkait masih 31 December 2015 the corresponding building is still under dalam tahap konstruksi.885) -))) 4.334 (3.311) 374. furniture perlengkapan dan perabot 384.176 -))) (1.407 -) (79. Perseroan menemukan bahwa di dalam biaya ** In 2015.009 (12.804) Motor vehicles Perkakas. Tools.157 -))) (30.477) Machinery and equipment Roller untuk kaca berpola (7.571 7.530.594 and fixtures 3.367 710 (-) -))) 10.836) 1.090) (1.446) 3.658) 1. the Company found out that in the land development pematangan tanah yang telah dikapitalisasi ke tanah di tahun cost that has been capitalized to land in 2014.686) .663) (3) 3.503) (866) 20.363) (11. Perseroan construction.714 92. -))) (8.402) (4.500) installation 3. -))) (6. -) (86.701 Motor vehicles Perkakas.221) (42.471.666) -) (88.986. PT ASAHIMAS FLAT GLASS Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)/NOTES TO THE FINANCIAL STATEMENTS (Continued) TAHUN YANG BERAKHIR PADA 31 DESEMBER 2015 DAN 2014/ YEARS ENDED 31 DECEMBER 2015 AND 2014 10.083 Furnaces Mesin dan peralatan 1.366. FIXED ASSETS 2015 Saldo/ Saldo/ Balance Penambahan/ Pelepasan/ Reklasifikasi/ Balance Dalam jutaan Rupiah 1/1/2015 Additions Disposals Reclassifications 31/12/2015 In millions of Rupiah Harga perolehan Acquisition cost ) Tanah 374.103 Land Bangunan dan sarana 334.896) Carrying amount ** Di tahun 2015. palet.604) Aset dalam Assets under construction/ penyelesaian/instalasi 73.169) (1.853 Aset dalam Assets under construction/ penyelesaian/instalasi 77. palet.751 Machinery and equipment Roller untuk kaca berpola 9.008 1.259) and fixtures 3.995 (1.446 -))) (352. pallets.500) )) 3.255 26) (2.583 1.407 installation 3.170) 384.458.411) 468 -))) (194. there were 2014.880) 77.724.548 2.938)** 287.142 -) -) -) 522. Karenanya.041 . Tools. dimana costs to construct building foundation.500 454.882) Provision for impairment Jumlah tercatat 1.880) 3.596 164.310 257.397. the Company reclassified the costs mengklasifikasikan kembali biaya tersebut ke aset dalam back to assets under construction. Tools.041 (18.885) 79. Therefore.986.104 510.375) Furnaces Mesin dan peralatan (1.548) Motor vehicles Perkakas. pallets.736) (4.724.142) Furnaces Mesin dan peralatan 1.608) -) 3.196) (3.259 44.215.693) Figured glass rollers Kendaraan bermotor (32.599) )) 522.676 586 (468) 34.

ASET TETAP (Lanjutan) 10.041) -) (1.354) (1.147) 1.553 751 Buildings and structures Tungku peleburan 16.221) Furnaces Mesin dan peralatan (1.196) Provision for impairment Jumlah tercatat 1.394) (378) Net book value Hasil penerimaan neto 165) 828) Net proceeds (Rugi) Laba (2.673) -) -) (298. perlengkapan Tools.783 and fixtures 452.273 .901 201.269.866) (11.993. and are expected to be completed and reclassified masing kelompok aset di tahun 2016.407 77.407) 794) -) (302.267 Cost of sales Beban penjualan 8.499) 2) -) (183. FIXED ASSETS (Continued) 2014 Saldo/ Saldo/ Balance Penambahan/ Pelepasan/ Reklasifikasi/ Balance Dalam jutaan Rupiah 1/1/2014 Additions Disposals Reclassifications 31/12/2014 In millions of Rupiah Akumulasi penyusutan Accumulated depreciation Bangunan dan sarana (171.530.393) -) (32. to the related group of assets in 2016.548) (39.779) (47. pallets.169) Figured glass rollers Kendaraan bermotor (32.876 67.125) (2. tahap penyelesaian aset dalam At 31 December 2015.139) 4. palet.491) (98.966 Machinery and equipment Perkakas. palet. PT Asahimas Flat Glass Tbk 22 .999 191.815) -) -) (7.229) 450) (Loss) gain Aset dalam penyelesaian/instalasi terdiri dari: Assets under construction/installation consist of: Dalam jutaan Rupiah 2015 2014 In millions of Rupiah Bangunan dan sarana 277.478.190. furniture perlengkapan dan perabot (255.139 Selama tahun yang berakhir 31 Desember 2015 dan 2014.881) Machinery and equipment Roller untuk kaca berpola (5. furniture dan perabot 8. Furnaces Mesin dan peralatan 149. Tools.196) -) -) (3.705 8.136 6.230) -) (2.314) 2. the stages of completion of assets penyelesaian/instalasi berkisar antara 15% dan 97% under construction/installation were ranging between (31 Desember 2014: antara 20% dan 95%).500 Per 31 Desember 2015.660 General and administrative expenses 211.046) Motor vehicles Perkakas.766 3. PT ASAHIMAS FLAT GLASS Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)/NOTES TO THE FINANCIAL STATEMENTS (Continued) TAHUN YANG BERAKHIR PADA 31 DESEMBER 2015 DAN 2014/ YEARS ENDED 31 DECEMBER 2015 AND 2014 10.072) Penyisihan penurunan nilai -) (3. pallets. During the years ended 31 December 2015 and 2014.366.836) Carrying amount Dalam jutaan Rupiah 2015 2014 In millions of Rupiah Penyusutan dibebankan pada: Depreciation expense was charged to: Beban pokok penjualan 200. 95%).163) (201. the Perseroan telah melakukan pelepasan aset tetap sebagai Company disposed of certain fixed assets as summarized berikut: below: Dalam jutaan Rupiah 2015 2014 In millions of Rupiah Nilai buku (2.431) 1.392) and fixtures (1.212 Selling expenses Beban umum dan administrasi 2. dan 15% and 97% (31 December 2014: between 20% and diperkirakan akan selesai dan direklasifikasi ke masing.363) Buildings and structures Tungku peleburan (258.

Ltd.906 juta). the Government to rezone the area for other purpose.313. saldo sebesar Rp 16.. Per 31 Desember 2015. PT ASAHIMAS FLAT GLASS Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)/NOTES TO THE FINANCIAL STATEMENTS (Continued) TAHUN YANG BERAKHIR PADA 31 DESEMBER 2015 DAN 2014/ YEARS ENDED 31 DECEMBER 2015 AND 2014 10. AGC Technology Solutions Co. Dalam tahun yang berakhir 31 Desember 2015 dan 2014. Ltd.292 690 AGC Automative (Thailand) Co. (ii) 7. Ltd. for purchases of certain fixed assets.592 meter persegi.970 atau setara dengan (2014: USD 325.742 . as follows: Dalam jutaan Rupiah 2015 2014 In millions of Rupiah Asahi Glass Co.834 square meters of land and the buildings atasnya digunakan sebagai jaminan kepada Asahi Glass thereon. which will expire between 2044. Ltd. AGC Technology Solutions (Thailand) Co. Indonesia 109. Perseroan mengukur kembali tanah di In 2015.592 square meters seluas 1.834 meter persegi dan bangunan di 790.577 square meters owned by the Company berdasarkan sertifikat “Hak Guna Bangunan” (HGB) based on land title certificates of “Hak Guna dan “HGB di atas Hak Pengelolaan Lahan” (HGB di Bangunan” (HGB) and “HGB on Hak Pengelolaan atas HPL).997 12.039 8. fixed assets excluding land and dalam penyelesaian/instalasi.492 square meters from previously sebelumnya 4. PT Rodamas..780. which in management’s opinion is adequate to cukup memadai untuk menutup kemungkinan kerugian cover possible losses arising from such risks. Indonesia .970 or equivalent to Rp 4..695 meter persegi sedang dalam proses perolehan (iii)10.. Jepang (pemegang saham.762. yang menurut pendapat manajemen million)..970 atau setara dengan Rp 4.320 square meters are in the process of akte Peralihan Hak. ASET TETAP (Lanjutan) 10.762. Ltd. Ltd.695 square meters are in the process of obtaining sertifikat HGB atas tanah tersebut di Kantor HGB land title certificate at the Land Office. kecuali jika year 2022 and 2044.138 AGC Technology Solutions Co.492 meter persegi dari that resulted in 4.. Catatan 25c). Japan AGC Automotive (Thailand) Co.674 Asahi Glass Co. Ltd.046.313.706 million juta (2014: USD 325. 13. yang timbul dari risiko-risiko tersebut. yang akan berakhir antara tahun 2022 dan Lahan” (HGB on HPL). were insured berbagai risiko kerugian dengan nilai pertanggungan against various risks for a total coverage of sebesar USD 325. Ltd.602 meter persegi. Jepang 89.. dan completing the deed to transfer the land’s title upon side land. Tanah seluas 790.487... aset tetap kecuali tanah dan aset At 31 December 2015. telah diasuransikan terhadap assets under construction/installation.602 square meters. and are generally expected to Pemerintah memutuskan untuk merubah peruntukan remain vested and extendable. Ltd.357 At 31 December 2015 and 2014. As of 31 December 2015.. 1. During the years ended 31 December 2015 and 2014. FIXED ASSETS (Continued) Ditahun 2015. Pertanahan.320 meter persegi sedang dalam proses penyelesaian (ii) 7. Japan Co.937 million remained unpaid belum dibayar.070 21.046. Ltd. Note 25c).906 Rp 4.706 USD 325. dengan perincian sebagai with the detail as follows: berikut: (i) 1. barring a decision by atas wilayah tersebut untuk tujuan lain.487. Jepang 4..970 or equivalent to Rp 4.. 69 PT Rodamas. the Company remeasured the land at Cikampek Cikampek dengan hasil seluas 4. dan umumnya dapat terus berlanjut. Japan AGC Technology Solutions (Thailand) Co... and (iii) 10. sebagai assets under construction/installation) from related berikut: parties.937 juta untuk pembelian aset tetap tertentu Rp 16.780. the 31 Desember 2015.357 million and Rp 4. Perseroan memiliki hak atas tanah Company owns land area of 1. Pada tanggal 4. PT Asahimas Flat Glass Tbk 23 . balances amounting to juta dan Rp 4..571 Per 31 Desember 2015 dan 2014.313.. Perseroan melakukan pembelian aset tetap (termasuk aset the Company purchased certain fixed assets (including dalam penyelesaian/instalasi) dari pihak berelasi. (shareholder. are pledged to Asahi Glass Co.577 meter persegi dimiliki Perseroan (i) 1.313.

yang terletak di and carrying amount of Rp 8. disajikan sebagai tanah yang Java Province. Japan.773 juta. Kecamatan Taman.032. untuk mesin dan peralatan yang nilai million (2014: Rp 3.091 square meters meter persegi telah dijual dan sisa seluas 10. Penurunan nilai aset tetap Fixed assets impairment Selama tahun 2015. nilai wajar tanah dan bangunan At 31 December 2015. West Java.786 square meters dengan nilai buku sebesar Rp 8. tanah seluas 120. In June 2014.499 million from this land sale. The Company recognized a Perseroan mencatat laba atas penjualan tanah sebesar gain of Rp 20.214. Perseroan membentuk penyisihan During 2015. Perseroan telah On 1 September 2014.121 juta (2014: Rp 1. factory in Cikampek.167. Sidoarjo.. the Company entered into an menandatangani perjanjian dengan Asahi Glass Co.167. selling values as stated in the land and building taxes. FIXED ASSETS (Continued) Per 31 Desember 2015.499 juta.. a total of 110. Indonesia. (Note 25).. PT Asahimas Flat Glass Tbk 24 . which was determined mainly based on the tertera di pajak atas tanah dan bangunan.695 meter was sold and the remaining 10. Ltd.214. was designated as Land Held dimiliki untuk dijual.196 juta). Perseroan akan membayar kepada Asahi Glass Company will pay to Asahi Glass Co. Ltd. Sidoarjo. tanah seluas 110. million (2014: Rp 1. reclassified to fixed assets. Japan Jepang (pemegang saham) untuk pembangunan pabrik baru (shareholder) for construction of the Company’s new Perseroan yang terletak di Cikampek. the Company made a provision for penurunan nilai aset tetap sebesar Rp 3.686 Rp 3.773 mana ditentukan terutama berdasarkan nilai jual yang million.091 for Sale. total acquisition cost of fully tetap yang telah disusutkan penuh tetapi masih digunakan depreciated fixed assets but still in use was Rp 1. pada tanggal Commissioners on 30 October 2013.441 juta).611 million. PT ASAHIMAS FLAT GLASS Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)/NOTES TO THE FINANCIAL STATEMENTS (Continued) TAHUN YANG BERAKHIR PADA 31 DESEMBER 2015 DAN 2014/ YEARS ENDED 31 DECEMBER 2015 AND 2014 10.441 million). equipment whose carrying amounts exceeded their recoverable amounts.611 juta. The Indonesia. yang land and buildings was estimated to be Rp 7.686 juta (2014: impairment on fixed assets amounting to Rp 3. ASET TETAP (Lanjutan) 10..121 adalah Rp 1. located at Desa Tanjungsari. East Jawa Timur.. Indonesia. Per 31 Desember 2015. Ltd.196 million). Jepang.. the fair value of the Company’s Perseroan diperkirakan sebesar Rp 7.032. Indonesia. Rp 20. biaya konsultasi sebesar 6% dari biaya consulting fee of 6% of the construction expenditure pembangunan (Catatan 25). Tanah yang dimiliki untuk dijual Land held for sale Sesuai dengan keputusan rapat Dewan Komisaris Pursuant to resolution of the Company’s Board of Perseroan tanggal 30 Oktober 2013.786 meter persegi 2013.. agreement with Asahi Glass Co.695 square meters was persegi diklasifikasikan kembali sebagai aset tetap. for machinery and tercatatnya melebihi estimasi jumlah terpulihkannya. Propinsi Desa Tanjungsari. Kecamatan Taman. jumlah harga perolehan dari aset At 31 December 2015. Pada tanggal 1 September 2014.. Jawa Barat. as of 31 December 31 Desember 2013. a Co. Di Juni 2014. Ltd. a parcel of land measuring 120.

966 1. ACCRUED EXPENSES 31 Desember/31 December Dalam jutaan Rupiah 2015 2014 In millions of Rupiah Pengiriman dan pengangkutan 36. dan telepon 18. Ltd.. BEBAN AKRUAL 12. PT ASAHIMAS FLAT GLASS Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)/NOTES TO THE FINANCIAL STATEMENTS (Continued) TAHUN YANG BERAKHIR PADA 31 DESEMBER 2015 DAN 2014/ YEARS ENDED 31 DECEMBER 2015 AND 2014 11..887 9. PT Saint Gobain Abrasives Diamas. Amerika AGC Soda Corporation.810 Foreign currencies 277.780 Employees’ compensation Lainnya 43.. AGC Automotive (Thailand) Co. 12.054 of America AGC Technology Solutions Co.473 Delivery and transportation Listrik.000 ..596 (related parties.. Ltd.239 Indonesia AGC Technology Solutions (Kunshan) AGC Technology Solutions (Kunshan) Co.459 Unrelated parties Pihak berelasi: Related parties: AGC Soda Corporation... 31 Desember/31 December Dalam jutaan Rupiah 2015 2014 In millions of Rupiah Pihak ketiga 223. Ltd. Ltd.358 26.702 25.521 101.743 20.146 3. Ltd. AGC Technology Solutions Co.144 Other 138.476 .. Pemasok lainnya 363 876 Other suppliers 54. Singapura 4. air.988 245.. Catatan 25) 9.. TRADE PAYABLES Utang usaha terutama berasal dari pembelian persediaan. Ltd.843 Asahi Glass Co. denominated in foreign currencies.546 Lihat Catatan 26 untuk rincian saldo utang usaha dalam See Note 26 for details of trade payables that are valuta asing. Jepang 7. PT Asahimas Flat Glass Tbk 25 .398 AGC Automotive (Thailand) Co. 1. water. Jepang 2.670 128... United States Serikat 34.601 Electricity. Japan PT Saint Gobain Abrasives Diamas..883 12.. UTANG USAHA 11. Co. Ltd. Indonesia 1.988 245. 223 1.099 Japan AGC Asia Pacific Pte.736 Rupiah Valuta asing 145. Singapore Asahi Glass Co. Trade payables are mainly originated from purchase of inventories.087 277.546 Rincian utang usaha dalam mata uang: Trade payables by currency type: Rupiah 132...667 6.855 3. Cina 1.578 AGC Asia Pacific Pte...318 116.. Note 25) Pengepakan dan pembelian umum 8. Ltd.158 Repair and sundry supplies Royalti dan komisi penjualan (pihak Royalties and sales commissions berelasi.354 Packing and general purchase Kompensasi karyawan 7. Co. in foreign currencies. Ltd.305 2.630 219.. Ltd.106 Lihat Catatan 26 untuk rincian saldo beban akrual yang See Note 26 for details of accrued expenses that are payable terutang dalam valuta asing. Ltd.. Ltd.642 28.518 1...503 10. China AGC Technology Solutions (Thailand) AGC Technology Solutions (Thailand) Co.. and telephone Perbaikan dan perlengkapan lainnya 13.

000 juta terhadap program tersebut. akhir tahun 415.208 26.507) 47. yang dikelola dan dijalankan oleh PT Asuransi permanent employees.678) (18.544 Other 44. which is managed and Jiwa Manulife Indonesia. Perseroan memiliki program iuran Starting in February 2015. end of year *Disajikan kembali (lihat Catatan 29) *As restated (see Note 29) PT Asahimas Flat Glass Tbk 26 . aset program.penyesuaian 48. Defined benefit obligation.447) Defined benefit obligation. EMPLOYEE BENEFITS OBLIGATION Sesuai dengan peraturan Ketenagakerjaan di Indonesia.871) beginning of year Termasuk di laba rugi Included in profit or loss Biaya jasa kini 32.357 4.324) Current service cost Biaya jasa lalu (79. 31 Desember 2015.508) Interest cost Termasuk di penghasilan Included in other comprehensive komprehensif lain income Kerugian (keuntungan) aktuarial dari: Actuarial losses (gains) from: . Perseroan telah mengkontribusi During the year ended 31 December 2015. These benefits are pada masa kerja dan kompensasi karyawan pada saat primarily based on years of service and the employees’ pemutusan hubungan kerja atau pensiun. 14. PT ASAHIMAS FLAT GLASS Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)/NOTES TO THE FINANCIAL STATEMENTS (Continued) TAHUN YANG BERAKHIR PADA 31 DESEMBER 2015 DAN 2014/ YEARS ENDED 31 DECEMBER 2015 AND 2014 13.488 12. the Rp 55.056) (43. and the expense recognized during 2015 and 2014: Dalam jutaan Rupiah 2015 2014* In millions of Rupiah Movement in the defined benefit Mutasi liabilitas imbalan kerja pasti obligation Liabilitas imbalan pasti. Tabel berikut mencerminkan saldo liabilitas imbalan kerja The following table reflects the balance of the pada tanggal pelaporan.asumsi keuangan (25. obligation for post-employment benefits as of the dan beban yang diakui selama tahun 2015 dan 2014: reporting dates.934) 446.363 8.131 Lihat Catatan 26 untuk imbalan saldo liabilitas jangka See Note 26 for details of other current liabilities that pendek lainnya yang terutang dalam valuta asing. the Perseroan wajib memberikan imbalan pascakerja ke Company is required to provide post-employment karyawannya pada saat pemutusan hubungan kerja atau benefits to its employees when their employment is pada saat pensiun. Imbalan tersebut terutama didasarkan terminated or when they retire.974) 179) Past service cost Biaya bunga 35. Company contributed Rp 55.838) experience adjustment - Lainnya Other Imbalan yang dibayar (42.466) 36. mutasi liabilitas.937 Payables for fixed asset purchases Pembayaran diterima dimuka dari pelanggan 12.650 Advances received from customers Lainnya 15.447) 393. plan asset. the Company has a defined pasti yang mencakup karyawan tetap yang memenuhi contribution pension plan covering its qualified syarat.562) Benefits paid Liabilitas imbalan pasti. In accordance with Indonesian labor regulations. LIABILITAS IMBALAN KERJA 14. Mulai Februari 2015. LIABILITAS JANGKA PENDEK LAINNYA 13. OTHER CURRENT LIABILITIES 31 Desember/31 December Dalam jutaan Rupiah 2015 2014 In millions of Rupiah Utang pembelian aset tetap 16. as well as the movements in the obligation.880) 30. Selama tahun yang berakhir administered by PT Asuransi Jiwa Manulife Indonesia.000 million to the plan. compensation at termination or retirement. awal tahun 446.965) financial assumption - . are payable in foreign currencies.

Tingkat diskonto digunakan dalam menentukan nilai kini The discount rate is used in determining the present liabilitas imbalan kerja pada tanggal penilaian. Asumsi tingkat kenaikan gaji di masa depan The future salary increase assumption projects the memproyeksikan liabilitas imbalan kerja dimulai dari benefit obligation starting from the valuation date up to tanggal penilaian sampai dengan usia pensiun normal.12. *Disajikan kembali (lihat Catatan 29) *As restated (see Note 29) PT Asahimas Flat Glass Tbk 27 .7.70% 7. The salary increase rate is Tingkat kenaikan gaji pada umumnya ditentukan dengan generally determined by applying inflation adjustments memperhitungkan penyesuaian inflasi terhadap tingkat to pay scales and taking account of the length of service. In umum.75% Discount rate Tingkat kenaikan gaji masa depan 7. durasi rata-rata tertimbang dari At 31 December 2015. the discount rate correlates with the yield on pasar atas bunga obligasi pemerintah yang diperdagangkan government bonds that are traded in active capital di pasar modal aktif pada tanggal pelaporan. akhir tahun (15. Secara value of the benefit obligation at valuation date.933) .00% . awal tahun -) -) of year Termasuk di laba rugi Included in profit or loss Pendapatan bunga (811) -) Interest income Termasuk di penghasilan Included in other comprehensive komprehensif lain income Imbal hasil atas aset program tidak Return on plan asset excluding termasuk pendapatan bunga 620) -) interest income Lainnya Others Iuran dari Perseroan (55. PT ASAHIMAS FLAT GLASS Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)/NOTES TO THE FINANCIAL STATEMENTS (Continued) TAHUN YANG BERAKHIR PADA 31 DESEMBER 2015 DAN 2014/ YEARS ENDED 31 DECEMBER 2015 AND 2014 14.38 and 16.000) .00% .00% . the normal retirement age. and 20. markets at reporting date. tingkat diskonto berkorelasi dengan imbal hasil general.76 tahun the defined benefit obligation was ranging between 6. EMPLOYEE BENEFITS OBLIGATION (Lanjutan) (Continued) Dalam jutaan Rupiah 2015 2014* In millions of Rupiah Perubahan aset program Changes in plan asset Fair value of plan asset.00% Future salary increase rate Per 31 Desember 2015.9.23 tahun). Benefits paid Nilai wajar aset program.40 (31 Desember 2014: antara 6.beginning Nilai wajar aset program.40 dan 20.00% . Contributions paid by the Company Imbalan yang dibayar 39.8.38 dan 16.76 years (31 December 2014: between 6. the weighted average duration of liabilitas imbalan pasti berkisar antara 6.30% 8.447 Net defined benefit obligation Asumsi utama yang digunakan dalam perhitungan aktuaria Principal assumptions used in the actuarial calculations adalah sebagai berikut: were as follows: Dalam jutaan Rupiah 2015 2014 In millions of Rupiah Per annum Per annum Tingkat diskonto 9. end of year Liabilitas imbalan pasti neto 400. Fair value of plan assets. LIABILITAS IMBALAN KERJA 14.258) .676) 446. upah dan bertambahnya masa kerja.23 years).

Indonesia 177..358.300 15. holding other lainnya konstan. of which 434. 2015 Kenaikan/ Penurunan/ Increase Decrease Tingkat dikonto (pergerakan 1%) (31.000 31 Desember 2014 31 December 2014 Asahi Glass Co.180 Asahi Glass Co.679 PT Rodamas.000 100. SHARE CAPITAL Modal dasar Perseroan adalah sebesar Rp 300 milyar yang The Company's authorized capital amounting to Rp 300 terbagi atas 600.180 Asahi Glass Co. Ltd.306) 36. benefit obligation by the amount shown below. Japan PT Rodamas.879 PT Rodamas. Jepang 190. Mitsuhiro Yoshikado (Director) Lainnya (masing-masing dengan Other (each with ownership kepemilikan kurang dari 5%) 66. distribution of cash flows expected under the plan.00% 217.000.500 40. LIABILITAS IMBALAN KERJA 14. Indonesia Tn.000.86% 95.000 shares at par value of Rp 500 (dalam angka penuh) per saham dan telah Rp 500 (in full amount) per share.931 of less than 5%) 434.862.359. Ltd. Mitsuhiro Yoshikado (Direktur) 20. 15.96% 88. Japan PT Rodamas.86% 95..00% 10 Mr.000 saham dengan nilai nominal billion consists of 600.. MODAL SAHAM 15.18% 32..87% 88.000. it analisa ini menunjukkan prakiraan sensitivitas dari asumsi does provide an approximation of the sensitivity of the yang ditampilkan.000 shares have been issued and fully paid-up.000. PT ASAHIMAS FLAT GLASS Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)/NOTES TO THE FINANCIAL STATEMENTS (Continued) TAHUN YANG BERAKHIR PADA 31 DESEMBER 2015 DAN 2014/ YEARS ENDED 31 DECEMBER 2015 AND 2014 14. Mitsuhiro Yoshikado (Direktur) 20.700 40.469) (31.000.000.000 43. Mitsuhiro Yoshikado (Director) Lainnya (masing-masing dengan Other (each with ownership kepemilikan kurang dari 5%) 65..131 of less than 5%) 434. would have affected the defined pasti sebesar jumlah yang ditunjukkan di bawah ini...000 ditempatkan dan disetor penuh sejumlah 434. assumption shown. dimana asumsi one of the relevant actuarial assumptions.086) Salary scale (1% movement) Walaupun analisa ini tidak memperhitungkan seluruh Although the analysis does not take account of the full distribusi arus kas yang diharapkan dari program tersebut.27% 33.359.262. Ltd.000 0. EMPLOYEE BENEFITS OBLIGATION (Lanjutan) (Continued) Analisa sensitivitas Sensitivity analysis Kemungkinan adanya perubahan pada tanggal pelaporan Reasonably possible changes at the reporting date to terhadap salah satu asumsi aktuarial terkait..000 100. Indonesia 177. Jepang 190.758.500 15.00% 217. Indonesia Tn. akan mempengaruhi liabilitas imbalan assumptions constant.000 0.000 43. Ltd.000 PT Asahimas Flat Glass Tbk 28 . Susunan pemegang saham Perseroan adalah sebagai The composition of the Company’s shareholders was as berikut: follows: Jumlah/Amount (dalam jutaan Rupiah/ Jumlah saham/ % kepemilikan/ In millions of Pemegang saham Number of shares % of ownership Rupiah) Shareholders 31 Desember 2015 31 December 2015 Asahi Glass Co.463) Discount rate (1% movement) Skala gaji (pergerakan 1%) 35. saham.00% 10 Mr.

184 53...989 3. ADDITIONAL PAID-IN CAPITAL Akun ini merupakan agio saham dikurangi dengan biaya This account represents premium on share capital net of emisi saham sebagai berikut: share issuance costs as follows: Dalam jutaan Rupiah In millions of Rupiah Agio saham 167.. Ltd.450 per 86.450 per saham dengan nilai nominalnya Rp 500 per saham.577 36. NET SALES Dalam jutaan Rupiah 2015 2014 In millions of Rupiah Pihak ketiga 840.885 AGC Automotive (Thailand) Co. 17. Jepang 74.608 Asahi Glass Co.965 AGC Vidros Do Brasil PT Auto Glass Indonesia 953 1.617) Share issuance costs 165.000. Ltd. Ltd. 4.586 1.000.290 6. Singapura 1. Ltd. share and the par value of the issued shares of Rp 500 per share. Japan AGC Automotive Philippines Inc. Ltd.672.998 AGC Automotive China Co..083) Agio saham berasal dari selisih antara hasil penerimaan Premium on share capital resulted from the difference dari penawaran umum perdana 86. Indonesia Asahi Glass Co.. AGC Automotive (Thailand) Co. PT Asahimas Flat Glass Tbk 29 .665.289 3. Rodamas Marketing Pte.. exceeded 10% of net sales. Ltd... 284 Asahi India Glass Ltd.051.. Ltd.378 1. Japan Auto Glass Co.306. TAMBAHAN MODAL DISETOR 16. AGC Automotive China Co. Ltd. Ltd. Indonesia 1. PENJUALAN NETO 17. Singapore PT Rodamas.730 2.026 AGC Asia Pacific Pte.825. PT ASAHIMAS FLAT GLASS Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)/NOTES TO THE FINANCIAL STATEMENTS (Continued) TAHUN YANG BERAKHIR PADA 31 DESEMBER 2015 DAN 2014/ YEARS ENDED 31 DECEMBER 2015 AND 2014 16. Ltd. .685. AGC Vidros Do Brasil 1.257 3. 90.....055 AGC Automotive Philippines Inc. Singapura .046 PT Rodamas. Ltd..929 Unrelated parties Pihak berelasi: Related parties: AGC Asia Pacific Pte.700) Premium on share capital Biaya emisi saham (2.. 6.445 Singapore Asahi India Glass Ltd.711 45.000 saham kepada between proceeds from the initial public offering of masyarakat pada tahun 1995 dengan harga Rp 2.762 1... 2...114 PT Auto Glass Indonesia Rodamas Marketing Pte.186 Tidak terdapat penjualan ke pihak ketiga yang jumlahnya There were no sales to unrelated parties that the amount melebihi 10% dari penjualan neto.. Ltd.358. Jepang 42.259 986.000 shares in 1995 at a price of Rp 2.394.831 Auto Glass Co. 30.

853. AGC Technology Solutions (Kunshan) Co. Japan AGC Technology Solutions Co.267) Depreciation of fixed assets Beban produksi lainnya 444. BEBAN POKOK PENJUALAN 18. AGC Technology Solutions Co.107 AGC Asia Pacific Pte.. Amerika Serikat 246.. Singapore Asahi Glass Co..990 1.345) Ending balance of goods in production Beban pokok produksi 2. Cina 30.266) 306. Singapura 53. Ltd.868. COST OF SALES Dalam jutaan Rupiah 2015 2014 In millions of Rupiah Beban produksi: Production costs: Bahan baku yang digunakan 1. PT ASAHIMAS FLAT GLASS Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)/NOTES TO THE FINANCIAL STATEMENTS (Continued) TAHUN YANG BERAKHIR PADA 31 DESEMBER 2015 DAN 2014/ YEARS ENDED 31 DECEMBER 2015 AND 2014 18. Ltd. PT Asahimas Flat Glass Tbk 30 .711 AGC Automotive (Thailand) Co. Pemasok lainnya 2.214 1.674) 2.. 20.342 17..197 48.754) Cost of goods manufactured Persediaan awal barang jadi 329.266) Ending balance of finished goods 2. Belgium PT Saint Gobain Abrasives Diamas. Ltd.644 AGC Flat Glass (Thailand) Public Co. AGC Glass Europe. listrik dan air 828. PT Saint Gobain Abrasives Diamas.405) Total production costs Persediaan awal barang dalam produksi 25.172 331.620 29.352 .. Ltd. Ltd. Ltd. electricity and water Penyusutan aset tetap 200.457 Ltd.856) (329.218) Employees’ compensation Gas alam..767.954) 751..901 10. Ltd..377) 2.521) Beginning balance of finished goods Pembelian barang jadi 57.. .085) 975.764) (25.636) Raw materials used Kompensasi karyawan 231. Indonesia 9. Ltd. Perseroan melakukan pembelian barang dari pihak the Company had purchases of inventories from the berelasi. China AGC Automotive (Thailand) Co. AGC Flat Glass (Thailand) Public Co. . Jepang 46. parties that the amount exceeded 10% of total purchases of inventories.760.853.306) 19..763.345) 21.278 Asahi Glass Co.139 13. Jepang 36... 4...188) 327. AGC Technology Solutions (Thailand) Co... Ltd.180) Other production costs Jumlah beban produksi 2.151) 522. Ltd.508 AGC Glass Europe.958) 2.730) Purchase of finished goods Persediaan akhir barang jadi (371. .104) Natural gas.739) Dalam tahun yang berakhir 31 Desember 2015 dan 2014. sebagai berikut: following related parties: Dalam jutaan Rupiah 2015 2014 In millions of Rupiah AGC Soda Corporation. Ltd. Ltd.592 Japan AGC Technology Solutions (Kunshan) Co.999) 191.776 Indonesia AGC Technology Solutions (Thailand) Co..188 16. Ltd..148.694) Beginning balance of goods in production Persediaan akhir barang dalam produksi (24.514 Tidak terdapat pembelian barang dari pihak ketiga yang There were no purchases of inventories to unrelated jumlahnya melebihi 10% dari total pembelian barang. 3. United States AGC Soda Corporation. During the years ended 31 December 2015 and 2014..229 188.380 of America AGC Asia Pacific Pte. Belgia 12.061 Other suppliers 461.

191 30. air dan telepon 2. SELLING EXPENSES Dalam jutaan Rupiah 2015 2014 In millions of Rupiah Pengiriman dan pengangkutan 160. Prepaid taxes consist of: 31 Desember/31 December Dalam jutaan Rupiah 2015 2014 In millions of Rupiah Lebih bayar pajak penghasilan badan Overpayment of 2006 tahun 2006 1. GENERAL AND ADMINISTRATIVE EXPENSES Dalam jutaan Rupiah 2015 2014 In millions of Rupiah Kompensasi karyawan 38.766 3.445 Other 51.807 6.695 1.423 9.675 338.691 PT Asahimas Flat Glass Tbk 31 .192 20.919 10. Pajak dibayar dimuka terdiri dari: a.385 Other 356.196 36.461 8. water and telephone Perbaikan dan perlengkapan lainnya 736 473 Repair and sundry supplies Lainnya 7.510 Employees’ compensation Royalti (pihak berelasi.695 corporate income tax Pajak Pertambahan Nilai 16.416 152. TAXATION a.099 Sales incentives and commissions Lainnya 29.892 21.853 6.459 Electricity.855 Employees’ compensation Penyusutan aset tetap 2. Note 25) Kaca otomotif yang pecah selama Broken automotive glass during 15.212 Depreciation of fixed assets Insentif dan komisi penjualan 2.637 42.178 Repair and sundry supplies Penyusutan aset tetap 8. PERPAJAKAN 21.326 81. Catatan 25) 34.859 Delivery and transportation Kompensasi karyawan 94.864 37.164 pengiriman delivery Perbaikan dan perlengkapan lainnya 11.137 1.614 12. BEBAN UMUM DAN ADMINISTRASI 20.785 Royalties (related parties. BEBAN PENJUALAN 19.996 Value Added Tax 18. PT ASAHIMAS FLAT GLASS Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)/NOTES TO THE FINANCIAL STATEMENTS (Continued) TAHUN YANG BERAKHIR PADA 31 DESEMBER 2015 DAN 2014/ YEARS ENDED 31 DECEMBER 2015 AND 2014 19.660 Depreciation of fixed assets Listrik.136 6.

5 milyar. Other tax payable consist of: 31 Desember/31 December Dalam jutaan Rupiah 2015 2014 In millions of Rupiah Pajak Penghasilan pasal 21 7..158) Income tax-article 29 9. karena Company’s tax position is sustainable.704) (9.066) 151.022 15. dan pengajuan pada tahun 2010 judicial review by the Supreme Court continues to be untuk peninjauan kembali ke Mahkamah Agung pending as of the reporting date. The components of income tax expense are as follows: berikut: Dalam jutaan Rupiah 2015 2014 In millions of Rupiah Pajak kini (102.5 billion.265 d. Payments made belum selesai sampai dengan tanggal pelaporan.. manajemen berkeyakinan bahwa posisi pajak Perseroan dapat dipertahankan. PERPAJAKAN (Lanjutan) 21..524) 227) Deferred (122.Rekonsiliasi beban pajak penghasilan dengan laba e.263) 605.011) e. b.695 juta yang ditolak oleh pengadilan pajak tax court in 2009.573 3. the tax authority assessed additional taxes kurang bayar atas pajak penghasilan badan Perseroan on the Company’s 2006 corporate income tax return untuk tahun pajak 2006 sejumlah Rp 5.032) Income tax-article 25 Pajak Penghasilan pasal 29 . Income tax expense is reconciled with profit before sebelum pajak penghasilan adalah sebagai berikut: income tax as follows: Dalam jutaan Rupiah 2015 2014 In millions of Rupiah Laba sebelum pajak penghasilan 464.971) -) Adjustment to previous years’ tax sebelumnya expenses Pajak tangguhan (10... Prepaid taxes consist of: (Continued) Pada tahun 2008.694) at 25% tax rate Penyesuaian beban pajak tahun-tahun Adjustment to previous years’ tax sebelumnya 9.422) (141. kantor pajak mengeluarkan surat In 2008.637 10. The Company’s appeal Perseroan mengajukan banding atas jumlah sebesar for the amount of Rp 1.022 11.414 Income tax-article 21 Pajak Penghasilan pasal 23.064 6.917) 141.163) Profit before income tax Tarif pajak yang berlaku 25%) 25%) Statutory tax rate 116. TAXATION (Continued) a. PT ASAHIMAS FLAT GLASS Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)/NOTES TO THE FINANCIAL STATEMENTS (Continued) TAHUN YANG BERAKHIR PADA 31 DESEMBER 2015 DAN 2014/ YEARS ENDED 31 DECEMBER 2015 AND 2014 21.. Utang pajak lainnya terdiri dari: c.291) Perbedaan permanen dikalikan Permanent differences dengan tarif pajak 25% (2.851 Income tax-articles 23. under protest towards this assessment are presented Pembayaran yang dilakukan terhadap keberatan ini as prepaid taxes. 4. Komponen beban pajak penghasilan adalah sebagai d. Utang pajak penghasilan terdiri dari: b.238) Current Penyesuaian beban pajak tahun-tahun (9.. amounting to Rp 5.917) (141. 26 dan 4(2) 2.190) c. Income tax payable consist of: 31 Desember/31 December Dalam jutaan Rupiah 2015 2014 In millions of Rupiah Pajak Penghasilan pasal 25 9. and its request in 2010 for a pada tahun 2009.971) -) expenses Penyesuaian lainnya (416) (586) Other adjustments Beban pajak 122.695 million was denied by the Rp 1.011) Income tax expense PT Asahimas Flat Glass Tbk 32 . as management believes the dicatat sebagai pajak dibayar dimuka. Pajak dibayar dimuka terdiri dari: (Lanjutan) a. 26 and 4(2) 9.

406) 1.654) (18.163) Profit before tax Perbedaan permanen: Permanent differences: Kesejahteraan karyawan 23.540) Employee benefits in-kind Hasil pemeriksaan pajak 3) 2.952) Taxable profit Laba kena pajak Perseroan tahun 2014 telah sesuai The amount of 2014 taxable profit corresponds with the dengan SPT Tahunan Pajak Penghasilan tahun yang amount reported in the related annual corporate tax bersangkutan.263) 605.829) (137.801) (24.158) income tax Utang pajak penghasilan badan Corporate income tax payable (pasal 29) -) 4.435) Laba kena pajak 409. return.686) 564. PT ASAHIMAS FLAT GLASS Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)/NOTES TO THE FINANCIAL STATEMENTS (Continued) TAHUN YANG BERAKHIR PADA 31 DESEMBER 2015 DAN 2014/ YEARS ENDED 31 DECEMBER 2015 AND 2014 21. Rekonsiliasi antara laba sebelum pajak dengan laba f. as follows: Dalam jutaan Rupiah 2015 2014 In millions of Rupiah Beban pajak kini 102.448) Employee benefits (43.545) 19.422) 141.564) 23. Rekonsiliasi utang pajak penghasilan dengan beban Income tax payable is reconciled with current tax pajak kini.158) (article 29) PT Asahimas Flat Glass Tbk 33 . sebagai berikut: expense.238) Current tax expense Pajak dibayar dimuka: Prepaid taxes: Pajak Penghasilan pasal 22 (24.768) (42. The following reconciles profit before tax with taxable kena pajak adalah sebagai berikut: profit: Dalam jutaan Rupiah 2015 2014 In millions of Rupiah Laba sebelum pajak 464.040) final tax Lainnya 1. TAXATION (Continued) f.565) Income tax article 22 Pajak Penghasilan pasal 25 (112. .883) Depreciation of fixed assets Imbalan kerja (69.080) (Lebih) kurang bayar pajak (Overpayment) underpayment of current penghasilan kini (34.871) Other (10.763) (1.407) 4.175) (118. PERPAJAKAN (Lanjutan) 21.814) (38.515) Income tax article 25 (136.776) Perbedaan temporer: Temporary differences: Penyusutan aset tetap 25.499) for sale Pendapatan bunga yang Interest income subject to dikenakan pajak final (35.352) Tax assessment Laba penjualan tanah yang Gain on sales of land held dimiliki untuk dijual -) (20.

867) .906) Aset pajak tangguhan 79. (654) Other non-current assets (26. Saldo pajak tangguhan yang diakui.773) Aset pajak tangguhan 72.773) 6.612) (17. TAXATION (Continued) g. PERPAJAKAN (Lanjutan) 21.119) Fixed assets Aset tidak lancar lainnya (654) -) . (654) Other non-current assets (31. PT Asahimas Flat Glass Tbk 34 . (24. dari aset pajak tangguhan.954) (10.282 79.119) 6.252) Fixed assets Aset tidak lancar lainnya (654) -) .468) 5. The recognized deferred tax balances.948 100.138) (5.635) .862) 7.282 111.524) 5.948 75. and the movement sepanjang tahun berjalan adalah sebagai berikut: thereof during the year were as follows: Diakui Diakui dalam dalam laba penghasilan rugi/ komprehensif Recognized lain/Recognized in in profit or other comprehensive Dalam jutaan Rupiah 2014 loss income 2015 In millions of Rupiah Aset pajak tangguhan: Deferred tax assets: Liabilitas imbalan kerja 111.867) .282 111. PT ASAHIMAS FLAT GLASS Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)/NOTES TO THE FINANCIAL STATEMENTS (Continued) TAHUN YANG BERAKHIR PADA 31 DESEMBER 2015 DAN 2014/ YEARS ENDED 31 DECEMBER 2015 AND 2014 21. the Company’s profitable operations.612) Employee benefits obligation Investasi pada metode ekuitas 115) -) .954) Deferred tax assets Realisasi dari aset pajak tangguhan tergantung pada Realization of the deferred tax assets is dependent upon laba yang diperoleh Perseroan dalam operasinya.284) Liabilitas pajak tangguhan: Deferred tax liabilities: Aset tetap (31.727) (17.378) Deferred tax assets Diakui Diakui dalam dalam laba penghasilan rugi/ komprehensif Recognized lain/Recognized in in profit or other comprehensive Dalam jutaan Rupiah 2013 loss income 2014 In millions of Rupiah Aset pajak tangguhan: Deferred tax assets: Liabilitas imbalan kerja 98.391) 5. (31. (24.727) Liabilitas pajak tangguhan: Deferred tax liabilities: Aset tetap (25.948 100.169) Employee benefits obligation Investasi pada metode ekuitas 115) -) . manajemen experience.484) (5.635) . Based on historical Berdasarkan pengalaman masa lampau. dan mutasi g.445) 227) 7. management believes that the Company’s berpendapat bahwa laba kena pajak Perseroan di masa future taxable income will be sufficient to realize the yang akan datang cukup untuk memulihkan manfaat benefit of deferred tax assets.391) 5. 115) Equity-accounted investment 111. 115) Equity-accounted investment 98.583) 5.862) 7. (31.

dengan akta No. Such menyebabkan manajemen mengubah pertimbangannya changes to tax liabilities will impact tax expense in the berkaitan dengan kecukupan liabilitas pajak yang period in which such determination is made. termasuk interpretasi dari peraturan tax law and prior experience. Under the taxation laws of Indonesia. S. PT ASAHIMAS FLAT GLASS Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)/NOTES TO THE FINANCIAL STATEMENTS (Continued) TAHUN YANG BERAKHIR PADA 31 DESEMBER 2015 DAN 2014/ YEARS ENDED 31 DECEMBER 2015 AND 2014 21. Rapat Umum pemegang saham tahunan Perseroan tanggal At the annual general meeting of shareholders of the 20 Juni 2014 (risalah dibuat oleh notaris Dr.000. MSi..720 million [Rp 80 per share]. Perseroan h.H. S. by deed No.H.000 issued shares Laba tahun berjalan per saham Rp 786 Rp 1. 22. Irawan Company on 20 June 2014 (minutes prepared by Soerodjo. Irawan Soerodjo. LABA PER SAHAM 22. PERPAJAKAN (Lanjutan) 21.H. EARNINGS PER SHARE 2015 2014 Laba tahun berjalan (dalam jutaan Rupiah) 341. MSi. Penilaian estimates and assumptions and may involve judgement dilakukan berdasarkan estimasi dan asumsi dan about future events. Sesuai peraturan perpajakan di Indonesia. telah ada.346 464. Manajemen berkeyakinan bahwa akrual atas Management believes that the accruals for tax liabilities liabilitas pajak cukup untuk semua tahun pajak yang are adequate for all open tax years based on its masih belum diaudit pajak berdasarkan penelaahan assessment of various factors.720 juta resolved to declare cash dividends in the amount of [Rp 80 per saham]. TAXATION (Continued) h.. Informasi baru yang tersedia yang regarding the adequacy of existing tax liabilities.. New information may become melibatkan pertimbangan mengenai kejadian di available that causes management to change its judgment masa mendatang. by deed No. S. Rp 34..000.152 Profit for the year (in millions of Rupiah) Jumlah rata-rata tertimbang saham beredar/ Weighted average number of outstanding/ ditempatkan 434.000 434. DIVIDEN TUNAI 23. under prevailing regulations. 502) memutuskan Dr. PT Asahimas Flat Glass Tbk 35 . MSi. Irawan Soerodjo. yang ditentukan sesuai dengan ketentuan yang berlaku. 42) memutuskan Dr. the Company melaporkan/menyetorkan pajak-pajaknya berdasarkan submits tax returns on the basis of self-assessment. S. Irawan Company on 5 June 2015 (minutes prepared by Soerodjo. The tax sistem self-assessment. CASH DIVIDENDS Rapat Umum pemegang saham tahunan Perseroan tanggal At the annual general meeting of shareholders of the 5 Juni 2015 (risalah dibuat oleh notaris Dr. including interpretations of banyak faktor. Rp 34. 502) it was untuk membagikan dividen tunai sejumlah Rp 34. Perubahan terhadap liabilitas pajak akan berdampak pada beban pajak pada periode dimana penentuan tersebut ditetapkan.069 Earnings per share 23. MSi. Fiskus dapat menetapkan/ authorities may assess or amend taxes within the statute of mengubah pajak-pajak tersebut dalam batas waktu limitations.720 juta resolved to declare cash dividends in the amount of [Rp 80 per saham].720 million [Rp 80 per share]. The assessment relies on pajak dan pengalaman sebelumnya. 42) it was untuk membagikan dividen tunai sejumlah Rp 34. dengan akta No..H.

13 620 1.31 ... Selling expenses (Note 19) Saldo piutang usaha Balance of trade receivables (Catatan 5) 104.penjualan/pembelian/beban yang bersangkutan.12 (Note 5) Saldo piutang lainnya Balance of other receivables (Catatan 6) 581 1.444.975 2.00 . PT ASAHIMAS FLAT GLASS Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)/NOTES TO THE FINANCIAL STATEMENTS (Continued) TAHUN YANG BERAKHIR PADA 31 DESEMBER 2015 DAN 2014/ YEARS ENDED 31 DECEMBER 2015 AND 2014 24.053 18.31 408 0. 40 of 2007. (Note 11) Saldo beban akrual Balance of accrued expenses (Catatan 12) 6. . (Note 10) Saldo utang usaha Balance of trade payables (Catatan 11) 2.03 Net sales (Note 17) Purchases of inventories Pembelian persediaan (Catatan 18) 46. PT Asahimas Flat Glass Tbk 36 .72 .984 29. 40 tahun 2007. Summary of significant transactions and balances pihak-pihak berelasi adalah sebagai berikut: with related parties is as follows: 2015 Entitas sepengendalian/ Pemegang saham/ Entities under common Entitas anak/ Shareholders control Subsidiary Dalam jutaan Rupiah Jumlah/Amount %*** Jumlah/Amount %*** Jumlah/Amount %*** In millions of Rupiah Penjualan neto (Catatan 17) 1..07 . Rp 4. .99 2. on a gradual basis. 1 of 1995 and No. *** Percentage to the respective total assets/ .93 .. . respectively. CADANGAN WAJIB 24. an amount from its net tertentu dari laba neto sebagai cadangan wajib sampai profit as a statutory reserve until the reserve balance cadangan tersebut mencapai paling sedikit 20% dari reaches the minimum 20% of its issued capital.71 7. (Note 6) Purchases of fixed assets Pembelian aset tetap (Catatan 10) 89. .45 20.305 0.500 million.188 3.1 tahun 1995 dan No.497 7.20 .092 43.94 .500 juta.69 153. the issued and fully paid-up capital. Pada tanggal 20 Juni 2014 (Catatan 23) pemegang saham On 20 June 2014 (Note 23) the shareholders resolved to memutuskan untuk menambah dana cadangan wajib increase the statutory reserves appropriation by sebesar Rp 3. .66 1. jumlah modal yang ditempatkan. Ikhtisar transaksi dan saldo yang signifikan dengan a.908 4.15 .770 37. . 25. RELATED PARTY INFORMATION .007 39. .932 17.031 3.039 17. STATUTORY RESERVES Sesuai ketentuan Undang-undang Perseroan Terbatas In accordance with the provisions of the Corporate Laws No. Pada tanggal 5 Juni 2015 (Catatan 23) pemegang saham On 5 June 2015 (Note 23) the shareholders resolved to memutuskan untuk menambah dana cadangan wajib increase the statutory reserves appropriation by sebesar Rp 4.BERELASI a.000 million and Rp 74. (Note 18) Beban penjualan (Catatan 19) 27.500 million.liabilities/sales/purchases/expenses.367 2.000 juta dan 2014 amounted to Rp 79.. INFORMASI MENGENAI PIHAK 25. a company is required diwajibkan untuk menyisihkan secara bertahap jumlah to set aside.26 414.500 juta. or approximately 36% and 34% of yang ditempatkan dan disetor penuh. perseroan No.380. Rp 3. (Note 12) Saldo liabilitas jangka pendek lainnya Balance of other current liabilities (Catatan 13) 7. 0. Jumlah cadangan wajib pada tanggal 31 Desember 2015 Total statutory reserves as of 31 December 2015 and dan 2014 masing-masing sebesar Rp 79. . (Note 13) *** Persentase terhadap jumlah aset/liabilitas/ .500 Rp 74.39 953 0.83 52.500 juta atau 36% dan 34% dari jumlah modal million.945 29.

Kompensasi personil manajemen kunci b.236. . (Note 18) Beban penjualan (Catatan 19) 27. di Cikampek seluas 189. .29 .828 4. ..76 .374 4..950 8. including buildings thereon.99 . the Company had the memiliki perjanjian kontraktual dengan pihak following contractual arrangements with related berelasi sebagai berikut: parties: Perseroan memperoleh fasilitas kredit modal kerja The Company has obtained working capital loan dari The Bank of Tokyo – Mitsubishi UFJ Ltd.113 meter persegi..5% per tahun dari 0.236 22. (Note 12) Saldo liabilitas jangka pendek lainnya Balance of other current liabilities (Catatan 13) .liabilities/sales/purchases/expenses.penjualan/pembelian/beban yang bersangkutan.15 315. Perseroan c. . .285 square meters and in Sidoarjo of 447.115 Salary and other benefits c. The bangunan di atasnya. RELATED PARTY INFORMATION . . .071 7.301 32.197 25.YANG BERELASI (Lanjutan) (Continued) 2014 Entitas sepengendalian/ Pemegang saham/ Entities under common Entitas anak/ Shareholders control Subsidiary Dalam jutaan Rupiah Jumlah/Amount %*** Jumlah/Amount %*** Jumlah/Amount %*** In millions of Rupiah Penjualan neto (Catatan 17) 1.436 meter North Jakarta of 154..96 1.447. in Cikampek persegi.278 1.43 351 0.10 (Note 5) Saldo piutang lainnya Balance of other receivables (Catatan 6) 282 0. berakhir 31 Desember 2015 dan 2014.67 1. (Note 10) Saldo utang usaha Balance of trade payables (Catatan 11) 2.47 .772 41. Berikut ini mencerminkan Commissioners and Directors. PT ASAHIMAS FLAT GLASS Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)/NOTES TO THE FINANCIAL STATEMENTS (Continued) TAHUN YANG BERAKHIR PADA 31 DESEMBER 2015 DAN 2014/ YEARS ENDED 31 DECEMBER 2015 AND 2014 25. (Note 13) *** Persentase terhadap jumlah aset/liabilitas/ .42 1. (tidak ada saldo pinjaman bank pada tanggal Singapore (no outstanding bank loan as of 31 Desember 2015 dan 2014).244 9.113 dan di Sidoarjo seluas 447.03 Net sales (Note 17) Purchases of inventories Pembelian persediaan (Catatan 18) 16. At 31 December 2015 and 2014. As collateral for AGC. Selling expenses (Note 19) Saldo piutang usaha Balance of trade receivables (Catatan 5) 116. INFORMASI MENGENAI PIHAK 25.285 meter persegi of 189. (Note 11) Saldo beban akrual Balance of accrued expenses (Catatan 12) 5.93 .766 5.16 23.83 146. Fasilitas pinjaman ini 31 December 2015 and 2014). *** Percentage to the respective total assets/ .25 . .. Perseroan membayar biaya Company pays a guarantee fees to AGC at the rates of penjaminan kepada AGC sebesar 0.843 1. The following reflects kompensasi yang dibayarkan atau terutang kepada compensation paid or payable to key management personil manajemen kunci: personnel: Dalam jutaan Rupiah 2015 2014 In millions of Rupiah Dewan komisaris: Board of commissioners: Gaji dan imbalan kerja lainnya 3. berikut square meters..5% annually of total outstanding bank loans secured jumlah saldo pinjaman bank yang dijamin oleh AGC. (Note 6) Purchases of fixed assets Pembelian aset tetap (Catatan 10) 8.830 6.114 0.908 Salary and other benefits Direksi: Directors: Gaji dan imbalan kerja lainnya 26. Sebagai jaminan untuk guaranteed by AGC. 2.654 39.743 3. Singapura Ltd. No guarantee fees incurred for the years Tidak terdapat biaya penjaminan untuk tahun yang ended 31 December 2015 and 2014.510 2. Key management employees compensation Personil manajemen kunci termasuk anggota Dewan Key management includes members of the Boards of Komisaris dan Direksi.26 14. Pada tanggal 31 Desember 2015 dan 2014.70 6. the AGC. facilities from The Bank of Tokyo – Mitsubishi UFJ Jakarta dan Mizuho Corporate Bank Ltd. Jakarta and Mizuho Corporate Bank Ltd.436 square meters. PT Asahimas Flat Glass Tbk 37 . by AGC. b.872 6. Perseroan menjaminkan hak atas tanah (HGB) Company pledged its HGB land rights located in yang terletak di Jakarta Utara seluas 154. This facility is partially sebagian dijamin oleh AGC.489 33..40 12. .34 .

Ltd.075 per square meter persegi untuk semua penjualan produk MNG meter for all MNG products sold by the Company. Jepang untuk pembangunan pabrik baru construction of the Company’s new factory in Perseroan yang terletak di Cikampek.936. which Jumlah investasi diperkirakan sebesar was declared in the Disclosure of Information to OJK USD 154.. Jumlah komisi product sold to customers. INFORMASI MENGENAI PIHAK 25.. modular assembly window and assembly window dan kaca laminated. under which it pays agency kepada RDM-S sebesar 5% dari harga FOB dari commission to RDM-S at 5% of the FOB price of produk yang dijual ke pelanggan.. the Company had the memiliki perjanjian kontraktual dengan pihak berelasi following contractual arrangements with related sebagai berikut: (Lanjutan) parties: (Continued) Perseroan memiliki perjanjian lisensi dengan Asahi The Company has licensing agreements with Asahi Glass Co.557 million). oleh Perseroan. and one of which will be automatically Maret 2019. Perseroan membayar royalti Company pays royalties at 4% of net sales of sebesar 4% dari jumlah penjualan neto CVD CGP.370. Singapura (“RDM-S”. agreement with Asahi Glass Co. Japan each to produce flat glass. This agreement has expired on pada tanggal 11 Mei 2015. Perseroan 11 May 2015. Jepang masing-masing untuk Glass Co. The diperkirakan akan selesai pada pertengahan 2016. Pada tanggal 31 Desember 2015 dan 2014. yang dimulai pada akhir 2014. Perjanjian-perjanjian ini agreements expire in periods between May 2015 until berakhir di periode antara Mei 2015 sampai dengan March 2019. Perseroan c. the Perseroan membayar royalti sebesar USD 0. Jumlah 2009). Ltd.. Japan for Ltd. biaya konsultasi sebesar 6% dari biaya pembangunan. Jumlah royalti untuk tahun yang Total royalties incurred for the year ended berakhir 31 Desember 2015 sebesar Rp 604 juta 31 December 2015 amounted to Rp 604 million (2014: (2014: Rp 1.5% of total net sales.. juta (2014: Rp 27. a consulting fee of 6% tanggal 3 September 2014. Jawa Barat. Total royalties incurred for the year ended satu tahun selanjutnya.5% to 2. CVD CGP. RELATED PARTY INFORMATION . dan 2014.370. produksi kaca lembaran.. Total commission fees penjualan untuk tahun yang berakhir 31 Desember incurred for the year ended 31 December 2014 2014 sebesar Rp 4. Belgia dimana Perseroan memproduksi Glass Europe. Total royalties incurred for the year ended royalti untuk tahun yang berakhir 31 Desember 2015 31.539 juta. investment is estimated to be USD 154. Perjanjian ini telah amounted to Rp 4. Jepang.. dan Perseroan laminated glass.950 juta). Belgium under which the Company dan menjual produk cermin yang disebut Mirror New manufactures and sells a mirror product called Mirror Generation (“MNG”).278 juta). that started in late Indonesia.YANG BERELASI (Lanjutan) (Continued) c.557 juta). Perseroan telah On 1 September 2014. sebagaimana dinyatakan di Surat and BEI on 3 September 2014.. New Generation (“MNG”). PT Asahimas Flat Glass Tbk 38 . At 31 December 2015 and 2014. Perseroan memiliki perjanjian lisensi dengan AGC The Company has a licensing agreement with AGC Glass Europe. Under this agreement. pihak berelasi). This agreement will expire twelve years Perjanjian ini akan berakhir dua belas tahun sejak from when the first CVD CGP was sold (August pertama kali CVD CGP dijual (Agustus 2009).763 juta (2014: Rp 8.950 million).278 million). the Company entered into an menandatangani perjanjian dengan Asahi Glass Co.5% royalties of 0. These dari jumlah penjualan neto. Singapore (“RDM-S”. Atas Products (CVD CGP).. Ltd.075 per Company pays royalties of USD 0. Japan.497 (2014: Rp 27. kaca tempered. under which the Company pays membayar royalti sebesar 0.27.December 2015 amounted to Rp 6.5% sampai dengan 2. In addition. This agreement expired berakhir pada tanggal 1 Oktober 2014.. dan salah satu perjanjian akan extended for additional consecutive period of one year diperpanjang secara otomatis untuk periode setiap each. kepada Asahi Glass Co. Perjanjian ini telah berakhir Rp 1. PT ASAHIMAS FLAT GLASS Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)/NOTES TO THE FINANCIAL STATEMENTS (Continued) TAHUN YANG BERAKHIR PADA 31 DESEMBER 2015 DAN 2014/ YEARS ENDED 31 DECEMBER 2015 AND 2014 25. Under this agreement. Perseroan akan membayar of the construction expenditure. Rodamas Marketing Pte.. Indonesia. Jumlah royalti untuk tahun 31 December 2015 amounted to Rp 27.. modular tempered glass. Dan juga.. dan membayar komisi agen penjualan a related party). West Java.936. Ltd. on 1 October 2014 Pada tanggal 1 September 2014..497 million yang berakhir 31 Desember 2015 sebesar Rp. the Company also obtain a mendapatkan lisensi guna memproduksi dan menjual license to manufacture and sell CVD Coated Glass produk-produk CVD Coated Glass (CVD CGP).. the perjanjian lisensi ini. Ltd. Cikampek.539 million.. Sesuai dengan perjanjian ini. Ltd. The Company will pay Keterbukaan Informasi kepada OJK dan BEI pada to Asahi Glass Co.. Perseroan memiliki perjanjian pemasaran dengan The Company has a marketing agreement with Rodamas Marketing Pte. Ltd. (2014: Rp 8. and is expected to finish in mid of 2016.763 million sebesar Rp 6.

. PT ASAHIMAS FLAT GLASS Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)/NOTES TO THE FINANCIAL STATEMENTS (Continued) TAHUN YANG BERAKHIR PADA 31 DESEMBER 2015 DAN 2014/ YEARS ENDED 31 DECEMBER 2015 AND 2014 25.. Entitas sepengendalian/ Penjualan/Sales Entity under common control AGC Vidros Do Brasil Ltd... Jepang/Japan Entitas sepengendalian/ Penjualan /Sales Entity under common control Asahi India Glass Ltd. pembelian persediaan. Cina/China Entity under common control inventories AGC Technology Solutions (Thailand) Entitas sepengendalian/ Pembelian persediaan dan aset Co. Entitas sepengendalian/ Penjualan/Sales Entity under common control AGC Technology Solutions (Kunshan) Entitas sepengendalian/ Pembelian persediaan/Purchase of Co. aset tetap dan royalti/Sales. Ltd. d. Entitas sepengendalian/ Penjualan dan pembelian persediaan/ Singapura/Singapore Entity under common control Sales and purchase of inventories PT Saint Gobain Abrasives Diamas. Entitas sepengendalian/ Penjualan dan komisi penjualan/Sales Singapura/Singapore Entity under common control and sales commission Auto Glass Co. Entitas sepengendalian/ Penjualan. Ltd... Ltd. Entitas sepengendalian/ Pembelian persediaan/Purchase of Ltd.. Belgia/Belgium Entitas sepengendalian/ Pembelian persediaan dan royalti/ Entity under common control Purchase of inventories and royalty AGC Flat Glass (Thailand) Public Co.. Sifat hubungan dan jenis transaksi dengan pihak.. Entitas sepengendalian/ Penjualan dan pembelian persediaan/ Entity under common control Sales and purchase of inventories AGC Automotive China Co. Amerika Entitas sepengendalian/ Pembelian persediaan/Purchase of Serikat/United States of America Entity under common control inventories AGC Automotive (Thailand) Co.. BALANCES AND TRANSACTIONS YANG BERELASI (Lanjutan) WITH RELATED PARTIES (Continued) d. Entity under common control tetap/Purchase of inventories and fixed assets PT Auto Glass Indonesia Entitas anak/Subsidiary Penjualan/Sales PT Asahimas Flat Glass Tbk 39 .. Entity under common control inventories AGC Technology Solutions Co. Ltd. Entitas sepengendalian/ Penjualan/Sales Entity under common control AGC Automotive Phillipines Inc. purchase of inventories.. Jepang/Japan Pemegang saham/Shareholder Penjualan.. Ltd.. pembelian persediaan dan Entity under common control aset tetap/Sales. Ltd.. Ltd. fixed assets and royalty PT Rodamas. Entitas sepengendalian/ Pembelian persediaan dan aset tetap/ Jepang/Japan Entity under common control Purchase of inventories and fixed assets AGC Soda Corporation. The nature of the relationship and transactions with pihak berelasi adalah sebagai berikut: related parties is as follows: Hubungan relasi/Related parties Pihak-pihak berelasi/Related parties relationship Transaksi/Transaction Asahi Glass Co. purchase of inventories and fixed assets AGC Asia Pacific Pte. Indonesia Pemegang saham/Shareholder Pembelian aset tetap dan penjualan/ Purchase of fixed assets and sales AGC Glass Europe. Entitas sepengendalian/ Pembelian persediaan/Purchase of Indonesia Entity under common control inventories Rodamas Marketing Pte. Ltd. Ltd.. SALDO DAN TRANSAKSI DENGAN PIHAK 25.

048 Total assets LIABILITAS LIABILITIES Utang usaha USD 9.641 Lainnya/Other 9 Piutang usaha USD 11.181.639 Trade receivables JPY 23.668 5.223 Beban akrual USD 266.005 Lainnya/Other 1.678 Accrued expenses JPY 2.960.057 2.954 10.282.463 Cash and cash equivalents JPY 23.197 125.227 538.117.744 AUD 551.772 Trade payables JPY 90.098. PT ASAHIMAS FLAT GLASS Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)/NOTES TO THE FINANCIAL STATEMENTS (Continued) TAHUN YANG BERAKHIR PADA 31 DESEMBER 2015 DAN 2014/ YEARS ENDED 31 DECEMBER 2015 AND 2014 26.790 223 Liabilitas jangka pendek lainnya USD 10.318 EUR 531.087 8.228 141 Other current liabilities JPY 74.671 250 EUR 14.209 2.955 TOTAL ASSETS.033.077. NET PT Asahimas Flat Glass Tbk 40 . ASSETS AND LIABILITIES IN VALUTA ASING FOREIGN CURRENCIES Aset dan liabilitas dalam valuta asing pada tanggal Assets and liabilities in foreign currencies as of 31 Desember 2015 dan 2014 adalah sebagai berikut : 31 December 2015 and 2014 were as follows: 2015 Valuta Setara asing/ dengan/ Foreign currencies Equivalent in ASET Rp juta/million ASSETS Kas dan setara kas USD 39.552 Jumlah aset 705. ASET DAN LIABILITAS DALAM 26.605 3.093 Total liabilities JUMLAH ASET NETO 546.483 Jumlah liabilitas 158.308 155.066.179 8.

812 Total liabilities JUMLAH ASET NETO 425.159.959 378 Lainnya/Other 6 Piutang usaha USD 11.833 EUR 201 3 Liabilitas jangka pendek lainnya USD 34.004.706.084 Cash and cash equivalents JPY 3. ASSETS AND LIABILITIES IN VALUTA ASING (Lanjutan) FOREIGN CURRENCIES (Continued) 2014 Valuta Setara asing/ dengan/ Foreign currencies Equivalent in ASET Rp juta/million ASSETS Kas dan setara kas USD 32.913 Lainnya/Other 2.002 95.624.138 1.724 Jumlah aset 560.490 Beban akrual USD 1. ASET DAN LIABILITAS DALAM 26.630 431 Other current liabilities JPY 12.936 1.507 145.666.023.557 2.629 Trade receivables JPY 21. PT Asahimas Flat Glass Tbk 41 .415 9.266 403.042 EUR 655. reporting date (Note 28). NET Penjabaran ke dalam rupiah dilakukan dengan The amounts were translated into rupiah at the middle menggunakan kurs tengah Bank Indonesia yang berlaku rates of exchange quoted by Bank Indonesia at the pada tanggal pelaporan (Catatan 28). PT ASAHIMAS FLAT GLASS Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)/NOTES TO THE FINANCIAL STATEMENTS (Continued) TAHUN YANG BERAKHIR PADA 31 DESEMBER 2015 DAN 2014/ YEARS ENDED 31 DECEMBER 2015 AND 2014 26.192 AUD 853.013 Total assets LIABILITAS LIABILITIES Utang usaha USD 7.295 14.096 9.422 Accrued expenses JPY 17.580.201 TOTAL ASSETS.737.252 Lainnya/Other 61 Jumlah liabilitas 134.365 Trade payables JPY 86.832 8.402.

736) (219.637) (42.500) Other income Laba usaha 428.692) 562. Masing-masing segmen dipimpin oleh seorang segment is headed by a Director.186) Total net sales Beban pokok penjualan (2. namely flat segmen usaha kaca lembaran dan segmen usaha kaca glass segment and automotive glass segment. SEGMENT INFORMATION Segmen usaha Business segments Perseroan menjalankan dua segmen kegiatan usaha.192) Selling expenses General and Beban umum dan administrative administrasi (51. kurs. figured glass.665.136. bersih 47.739) Cost of sales Laba bruto 797.672.535.163) Laba sebelum pajak Profit before tax * Disajikan kembali (lihat Catatan 29) * As restated (see Note 29) PT Asahimas Flat Glass Tbk 42 . -) (199.989) 3. yang and tinted glass.755.760.571) 42. kaca mirror glass. Direktur. construction and as raw materials for downstream industry. reflective glass and terutama digunakan sebagai partisi pembatas.989) 3. Hasil dari operasi tiap segmen usaha adalah sebagai The results of operations of each segment are disclosed berikut (dalam jutaan Rupiah): below (in millions of Rupiah): Kaca Otomotif/ Kaca Lembaran/Flat Glass Automotive Glass Eliminasi/Elimination Jumlah/Total 2015 2014 2015 2014 2015 2014 2015 2014* Penjualan neto: Net sales: Eksternal 2. INFORMASI SEGMEN 27.950) net Pendapatan lainnya 201) 21.516) 1. yaitu kaca tempered dan kaca laminated.865. which are used primarily for glass curtain jendela. of automotive glass.348 2. Each otomotif. Segmen kaca otomotif memproduksi dua jenis utama The automotive glass segment produces two main types kaca otomotif.917) 3.641 1.433) 1.186) External Antar segmen 199. window glass.736 219.868.917) -) -) Inter segment Jumlah penjualan neto 2. tempered glass and laminated yang terutama digunakan dalam industri otomotif.136. glass. Segmen kaca lembaran memproduksi berbagai jenis kaca The flat glass segment produces a broad range of clear polos.070) (1.670) (199. kaca untuk konstruksi bangunan dan sebagai walls.994) Operating profit Pendapatan keuangan 35.558) 12.892) expenses Keuntungan selisih Foreign exchange gain.447) Gross profit Beban lainnya (8.169) Finance income 464.917) .665. which are primarily used in the automotive industry.315) 911.674) (2.672.736) (219. kaca berpola.819) Other expense Beban penjualan (356.263) 605. PT ASAHIMAS FLAT GLASS Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)/NOTES TO THE FINANCIAL STATEMENTS (Continued) TAHUN YANG BERAKHIR PADA 31 DESEMBER 2015 DAN 2014/ YEARS ENDED 31 DECEMBER 2015 AND 2014 27. kaca reflektif dan kaca cermin. suspended glass in building bahan baku untuk industri hilir.665. yaitu The Company has two business segments.675) (338.000.641 1.084 2.000.670) -) -) 3.

294.125 Total assets Liabilitas segmen 665. automotive glass segment are carried out in Bukit Indah Industrial Park.455 liabilities Jumlah liabilitas 880. which consist of manufacturing jenis produk kaca lembaran. yaitu memproduksi dan menjual berbagai those in Jakarta.685 Total liabilities Aset dan liabilitas segmen tidak mencakup aset dan Segment assets and liabilities do not include tax assets liabilitas pajak. and liabilities. 4.186 * Disajikan kembali (lihat Catatan 29) * As restated (see Note 29) PT Asahimas Flat Glass Tbk 43 .043 20.659 25. Cikampek and Sidoarjo. .946. In Indonesia. .230 Segment liabilities Liabilitas yang tidak Unallocated corporate dialokasikan . .989 3. 128. Cikampek.399 740. Cikampek operates in three principal geographical areas: dan Sidoarjo.851 195.576 170. .046 836. 861.375.645 assets Jumlah aset 4.853. operasi Perseroan dilakukan global markets. .140.393 819. .270. The following information shows the distribution of penjualan Perseroan tanpa memperhatikan tempat sales of the Company regardless of where the goods diproduksinya barang: were produced: Dalam jutaan Rupiah 2015 2014 In millions of Rupiah Indonesia 2. terutama produk kaca and selling a broad range of flat glass products. The Company sells its goods in the domestic and dan global. Aktivitas operasi dan produksi segmen kaca otomotif The operations and production activities of the dijalankan di Bukit Indah Industrial Park. the Company di tiga wilayah geografis utama: Jakarta.105 1.480 Segment assets Aset yang tidak Unallocated corporate dialokasikan .275 3.113. Operasi di Sidoarjo pada dasarnya sama dengan yang Operations in Sidoarjo are essentially similar to di Jakarta.477 3. Di Indonesia. Informasi berikut menunjukkan distribusi dari b. b. especially high quality ones.772 28.052 844. the memproduksi dan menjual berbagai jenis produk Company produces and sells a broad range of flat kaca lembaran.141. Jakarta.672.379 . where the head office is located. INFORMASI SEGMEN (Lanjutan) 27.056. PT ASAHIMAS FLAT GLASS Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)/NOTES TO THE FINANCIAL STATEMENTS (Continued) TAHUN YANG BERAKHIR PADA 31 DESEMBER 2015 DAN 2014/ YEARS ENDED 31 DECEMBER 2015 AND 2014 27.817 648.305. Perseroan menjual barangnya pada pasar domestik a. . 18. tempat kantor pusat berada. lembaran berkualitas tinggi. Perseroan In Jakarta.434 . .399 92.862 America Afrika 2.622 Asia Australia dan Selandia Baru 164.713 Middle East Amerika 11. Cikampek.209 43. . . SEGMENT INFORMATION (Continued) Kaca Otomotif/ Kaca Lembaran/Flat Glass Automotive Glass Eliminasi/Elimination Jumlah/Total 2015 2014* 2015 2014* 2015 2014 2015 2014* Informasi lainnya Other information Aset segmen 3.665. Segmen geografis Geographical segments a.876 3.683 Africa 3.781 2.095 Indonesia Asia 1. Di Jakarta. glass products.079 147.211 Australia and New Zealand Timur Tengah 53.

256 31 .90 days Lebih dari 90 hari 145 681 More than 90 days 353. 31 Desember 2015.60 days 61 . Manajemen risiko keuangan Financial risk management Risiko utama yang timbul dari instrumen keuangan The main risks arising from the Company’s financial Perseroan adalah risiko kredit dan risiko mata uang yang instruments are credit and currency risks that arises in the timbul dari kegiatan normal. ultimate credit exposure. minimal.30 days 31 .443 354. Umur piutang usaha pada tanggal pelaporan adalah The aging of trade receivables at reporting dates was as sebagai berikut: follows: 31 Desember/31 December Dalam jutaan Rupiah 2015 2014 In millions of Rupiah Belum jatuh tempo 323.30 hari 26.306 PT Asahimas Flat Glass Tbk 44 . INSTRUMEN KEUANGAN DAN 28. dengan mempertimbangkan bahwa Perseroan considering that the Company has sufficient cash and cash memiliki kas dan setara kas yang cukup untuk membayar equivalents to cover the Company’s current liabilities as of liabilitas jangka pendek Perseroan pada tanggal 31 December 2015. Manajemen berpendapat bahwa risiko likuiditas Management in view that liquidity risk is minimal. FINANCIAL INSTRUMENT AND MANAJEMEN RISIKO KEUANGAN FINANCIAL RISK MANAGEMENT Instrumen keuangan Financial instruments Nilai tercatat dari aset keuangan yang diakui sebesar The carrying amounts of financial assets that are biaya perolehan diamortisasi dalam laporan keuangan recognized at amortized cost in the financial statements lebih kurang sama dengan nilai wajarnya karena approximate their fair value because substantially all of instrumen keuangan tersebut berjangka waktu pendek.786 Not yet due Lewat jatuh tempo: Overdue: 1 .142 2. balance.90 hari 1. Risiko kredit Credit risk Manajemen memiliki kebijakan kredit yang ditetapkan Management sets credit limits for each customer and the untuk setiap pelanggan dan risiko kredit dipantau secara exposure to credit risk is monitored on an ongoing basis by berkelanjutan dengan mengevaluasi kolektibilitas dari evaluating the collectability of each trade receivables masing-masing saldo piutang usaha.576 2.478 1 . PT ASAHIMAS FLAT GLASS Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)/NOTES TO THE FINANCIAL STATEMENTS (Continued) TAHUN YANG BERAKHIR PADA 31 DESEMBER 2015 DAN 2014/ YEARS ENDED 31 DECEMBER 2015 AND 2014 28.60 hari 1.952 24. the instruments are short-term in nature. normal course of business. Nilai tercatat aset keuangan mencerminkan eksposur The carrying amount of financial assets represents the kredit akhir.628 324.105 61 .

Dalam usaha untuk menjaga struktur modal maintain optimal structure of capital. including to address the need for Perseroan. Dollar (USD) 1 Dolar Australia (AUD) 1 10. Dalam jutaan Rupiah 2015 2014 In millions of Rupiah Kenaikan/penurunan 1.218 Australian Dollar (AUD) 1 Euro Eropa (EUR) 1 15. the relevant key exchange berdasarkan kurs tengah Bank Indonesia adalah sebagai rates used. Pada tanggal pelaporan. income tax by the amounts shown below. Manajemen tidak melakukan lindung nilai karena aset The Company does not enter into hedging transactions dalam valuta asing yang tersedia cukup untuk melunasi since the foreign currency assets are sufficient to settle the liabilitas dalam valuta asing.064 10. EUR. are as berikut: follows: 2015 2014 Rp Rp Dolar Amerika Serikat (USD) 1 13. pelaporan. risiko mata uang.153 4.440 U. Lihat are primarily USD.25 Japanese Yen (JPY) 1 Menguatnya/melemahnya Rupiah terhadap valuta lain Strengthening/weakening of the Rupiah against other akan berdampak pada ekuitas dan laba rugi setelah pajak currencies would impact equity and profit or loss after penghasilan sebesar nilai yang disajikan di bawah. To produksi. INSTRUMEN KEUANGAN DAN 28. purchases. creditor and market kepercayaan investor. As of digunakan pada tanggal 31 Desember 2015 dan 2014.52 104. 31 December 2015 and 2014. kreditur dan pasar dan juga untuk confidence and to sustain future development of the mempertahankan perkembangan masa depan dari bisnis Company’s business. and export sales) in currencies uang selain rupiah. This analysis is Analisa ini didasarkan pada pergerakan kurs yang based on movement of exchange rate that management menurut manajemen mungkin terjadi pada tanggal considers as being reasonably possible at reporting dates.795 12. JPY and AUD. manajemen dapat menyesuaikan jumlah determine the level of dividends paid to shareholders. See Note 26 for Catatan 26 untuk eksposur neto Perseroan terhadap the Company’s net exposure to currency risk.5% Pengelolaan modal Capital management Kebijakan pengelolaan modal Perseroan adalah untuk The Company’s policy is to maintain a strong capital menjaga struktur modal yang kuat sehingga menjaga structure as to maintain investor.S. The currencies giving risk to this risk resiko ini terutama USD. PT Asahimas Flat Glass Tbk 45 . PT ASAHIMAS FLAT GLASS Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)/NOTES TO THE FINANCIAL STATEMENTS (Continued) TAHUN YANG BERAKHIR PADA 31 DESEMBER 2015 DAN 2014/ YEARS ENDED 31 DECEMBER 2015 AND 2014 28. EUR. management policies during the year. balances of monetary assets and dalam valuta asing dijabarkan dalam rupiah dengan kurs liabilities in foreign currencies are translated into rupiah yang berlaku pada tanggal tersebut. FINANCIAL INSTRUMENT AND MANAJEMEN RESIKO FINANCIAL RISK KEUANGAN (Lanjutan) MANAGEMENT (Continued) Risiko mata uang Currency risk Perseroan memiliki risiko mata uang sehubungan dengan The Company has exposure to currency risk through transaksi (pembelian aset tetap dan persediaan dari transactions (purchases of fixed assets and inventories pemasok luar negeri dan penjualan ekspor) dalam mata from overseas suppliers. management yang optimal.070 15. foreign currency liabilities. JPY dan AUD.5% 6. Kurs utama yang at the exchange rates prevailing at that date. Tidak ada perubahan yang dilakukan terhadap kebijakan There were no changes made in the Company’s capital pengelolaan modal Perseroan selama tahun berjalan.133 European Euro (EUR) 1 Yen Jepang (JPY) 1 114.783 Strengthening/weakening 1. Mata uang yang mempengaruhi other than rupiah. termasuk untuk menanggapi kebutuhan substantial capital expenditure inherently required with belanja modal yang besar terkait dengan fasilitas respect to refurbishment of production facilities. based on Bank Indonesia middle rates. Analisa ini mengasumsikan semua variabel The analysis assumes that all other variables remain lainnya konstan dan mengabaikan dampak perkiraan constant and ignores any impact of forecasted sales and penjualan dan pembelian. dividen yang dibayarkan kepada pemegang saham. saldo aset dan liabilitas moneter At reporting date.

RESTATEMENT Sebagai hasil dari perubahan kebijakan akuntansi seperti As a result of the change in accounting policy as explained dijelaskan di Catatan 2f.760.845) (21. dan previously reported total cash flow from operating. net Saldo laba-tidak dicadangkan 2. dinyatakan kembali.739) Cost of sales Beban penjualan (338.871 Employee benefit obligation Aset pajak tangguhan.652) 760) (42. PT ASAHIMAS FLAT GLASS Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)/NOTES TO THE FINANCIAL STATEMENTS (Continued) TAHUN YANG BERAKHIR PADA 31 DESEMBER 2015 DAN 2014/ YEARS ENDED 31 DECEMBER 2015 AND 2014 29.706 89. investing.644 (66. net Saldo laba-tidak dicadangkan 2. Other comprehensive loss.734) 79.066) (1.644.445 Deferred tax assets.192) Selling expenses General and administrative Beban umum dan adminstrasi (43.954) Deferred tax assets.770 Retained earnings-unappropriated Penyajian kembali ini tidak mempengaruhi klasifikasi The restatement does not impact the classification of jumlah arus kas dari aktivitas operasi. 31 Desember/31 December 2014 Dilaporkan sebelumnya/ Disajikan As previously Penyesuaian/ kembali/ Dalam jutaan Rupiah reported Adjustments As restated In millions of Rupiah Laporan posisi keuangan Statement of financial position Liabilitas imbalan kerja 335.857) Retained earnings-unappropriated Laporan laba rugi dan penghasilan komprehensif Statement of profit or loss and lain other comprehensive income Beban pokok penjualan (2.059) (83.839) 227) Deferred tax expense Rugi komprehensif lain.240.307. investasi.812) (2. pendanaan yang sebelumnya dilaporkan.447) Employee benefit obligation Aset pajak tangguhan. neto 52.511) 110. The following kembali.291) 72. informasi komparatif yang in Note 2f.202) 2. the comparative information presented in these disajikan dalam laporan keuangan ini telah disajikan financial statements have been restated.766.551) 5. PT Asahimas Flat Glass Tbk 46 .165) 393. PENYAJIAN KEMBALI 29. neto 50.892) expenses Beban pajak tangguhan 2. statements.154 22. and financing activities.936) 446. 1 Januari 2014/1 January 2014 Dilaporkan sebelumnya Disajikan As previously Penyesuaian/ kembali/ Dalam jutaan Rupiah reported Adjustments As restated In millions of Rupiah Laporan posisi keuangan Statement of financial position Liabilitas imbalan kerja 304. setelah pajak -) (21.728.845) net of tax Laporan posisi keuangan pada tanggal 1 Januari 2014 The statement of financial position as of 1 January 2014 (yang berasal dari laporan posisi keuangan pada tanggal (which was derived from the statement of financial position 31 Desember 2013) juga mencerminkan saldo yang as of 31 December 2013) also reflects restated balances.976) 784) (338.220) 27.874) 2. Tabel berikut merangkum dampaknya ke table summarize the impacts on the Company’s financial laporan keuangan Perseroan.

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Ancol Barat. Corporate Secretary Jl.amfg. Indonesia • Phone.co.id . +62 21 690 4041 • Fax. +62 21 691 8820 / 690 4128 www. Jakarta 14430. Ancol IX / 5.