0a2f2064a4 58e52d6dba

PT WASKITA KARYA PT WASKITA KARYA
(PERSERO) TBK (PERSERO) TBK

LAPORAN KEUANGAN FINANCIAL STATEMENTS
UNTUK PERIODE 6 (ENAM) BULAN YANG BEFOR THE PERIOD 6 (SIX) MONTHS
PADA 30 JUNI 2013 DAN TAHUN YANG BERA ENDED JUNE 30, 2013 AND
PADA 31 DESEMBER 2012 FOR THE YEAR ENDED
DECEMBER 31, 2012
PT WASKITA KARYA
(PERSERO) Tbk
Daftar Isi Halaman /

Pages
Surat Pernyataan Direksi
Laporan Auditor Independen
Laporan Keuangan
Untuk Periode 6 (Enam) Bulan yang
Berakhir pada 30 Juni 2013 dan Tahun yang
Berakhir pada Tanggal 31 Desember 2012
Laporan Posisi Keuangan 1
Laporan Laba Rugi Komprehensif 3
Laporan Perubahan ekuitas 4
Laporan Arus Kas 5
Catatan Atas Laporan Keuangan 6
PT WASKITA KARYA (PERSERO) Tbk

LAPORAN POSISI KEUANGAN
Per 30 Juni 2013 dan 31 Desember 2012
(Dalam Rupiah)
Catatan/
Notes
ASET
ASET LANCAR
Kas dan Setara Kas 2.c, 2.f,2.r, 3, 44
Investasi Jangka Pendek 2.d, 4
Piutang Usaha
Pihak-pihak Berelasi
(Setelah dikurangi penyisihan kerugian penurunan nilai
per 30 Juni 2013 dan 31 Desember 2012 masing-masing
sebesar Rp 2.053.081.445 dan Rp 3.859.427.446) 2.f, 2.r, 5, 44
Pihak-pihak Ketiga
sebesar Rp 20.767.000.159) 2.f, 5
Piutang Retensi
sebesar Rp 382.398.318 dan Rp 488.244.169) 2.f, 2.g, 2.r, 6,44
Pihak-pihak Ketiga
sebesar Rp 11.330.868.585 dan Rp 12.092.752.307) 2.f, 2.g, 6
Piutang Lain Lain
sebesar Rp 47.552.388.629) 2.f, 2.r, 7
Pihak-pihak Ketiga 2.f, 7
Persediaan
sebesar Rp Nihil dan Rp 2.802.733.157) 2.j, 8
Tagihan Bruto Kepada Pengguna Jasa
sebesar Rp 4.128.279.970) 2.f, 2.h, 2.r, 9, 44
Pihak-pihak Ketiga
sebesar Rp 11.606.458.192) 2.f, 2.h, 9
Pajak Dibayar di Muka 2.s, 10.a
Uang Muka dan Biaya Dibayar Dimuka 2.i, 11
Jumlah Aset Lancar
ASET TIDAK LANCAR
Aset Keuangan Dimiliki Hingga Jatuh Tempo 2.f, 12
Investasi Pada Entitas Asosiasi 2.d, 14
Aset Ventura Bersama
Pihak-pihak Berelasi 2.r, 2.u, 13,44
Pihak-pihak Ketiga 2.u, 13
Investasi Jangka Panjang Lainnya 2.e, 15
Aset Tetap
(Setelah dikurangi akumulasi penyusutan per
sebesar Rp 172.572.378.523 dan Rp 160.672.476.972) 2.k, 16
Aset Lain-lain 2.l, 17
Jumlah Aset Tidak Lancar
JUMLAH ASET
Catatan terlampir merupakan bagian yang tidak terpisahkan
dari laporan keuangan secara keseluruhan
1
LAPORAN POSISI KEUANGAN (Lanjutan)
Per 30 Juni 2013 dan Desember 2012
(Dalam Rupiah)
Catatan/
Notes
LIABILITAS DAN EKUITAS
LIABILITAS JANGKA PENDEK
Utang Bank Jangka Pendek
Pihak-pihak Berelasi 2.f, 2.r, 18, 44
Pihak-Pihak Ketiga 2.f, 18
Utang Usaha 2.f, 2.r, 19, 44
Utang Bruto Subkontraktor Pihak ketiga 2.f, 2.n, 20
Beban Masih harus Dibayar 2.f, 22
Utang Pajak dan Liabilitas Pajak Kini 2.s, 10.b
Uang Muka Kontrak Jangka Pendek 2,f, 21
Liabilitas Jangka Pendek Lainnya 23
Jumlah Liabilitas Jangka Pendek
LIABILITAS JANGKA PANJANG
Uang Muka Kontrak Jangka Panjang
Pihak-pihak Berelasi 2.f, 24, 44
Pihak-Pihak Ketiga 2.f, 2.r, 24
Utang Obligasi - Bersih 2.f, 2.w, 25
Jumlah Liabilitas Jangka Panjang
Jumlah Liabilitas
EKUITAS
Modal Saham
Modal Saham - Nilai Nominal Rp 100 dan Rp 1.000.000
masing-masing pada 30 Juni 2013 dan 31 Desember 2012
Modal Dasar - 1 Saham Seri A Dwi Warna dan 25.999.999.999
Saham Seri B pada 30 Juni 2013 dan 31 Desember 2012
Modal Ditempatkan dan Disetor Penuh - 1 Saham Seri A Dwi Warna
dan 9.632.325.999 Saham Seri B pada 31 Maret 2013
dan 31 Desember 2012. 27
Tambahan Modal Disetor 28
Saldo Laba 30
Telah Ditentukan Penggunaannya
Belum Ditentukan Penggunaannya
Pendapatan Komprehensif Lainnya 2.q
Jumlah Ekuitas
JUMLAH LIABILITAS DAN EKUITAS
Catatan terlampir merupakan bagian yang tidak terpisahkan The accompanying notes form an integral part
dari laporan keuangan secara keseluruhan of these financial statements
2
LAPORAN LABA RUGI KOMPREHENSIF
Untuk Periode Enam Bulan yang Berakhir pada
30 Juni 2013 dan 2012
(Dalam Rupiah)
Catatan/
Notes
Pendapatan Usaha 2.o, 31

Beban Pokok Pendapatan 2.o, 32
Laba Bruto
Pendapatan Bersih Ventura Bersama 2.o, 2.u, 33
Laba Bruto Setelah Ventura Bersama
Beban Penjualan 2.u, 34
Beban Umum dan Administrasi 2.u, 34
Pendapatan Bunga
Keuntungan (Kerugian) Selisih Kurs - Bersih 2.q
Keuntungan Penjualan Aset Tetap 2.k, 16
Pendapatan Lain-Lain 36
Beban Lain-lain
Laba Sebelum Pajak dan Beban Pinjaman
Beban Pinjaman 2.p, 35
Bagian Laba Bersih Entitas Asosiasi 2.d, 33
Laba Sebelum Pajak
Beban Pajak Penghasilan 2.s, 10.c
Laba Bersih Periode Berjalan
Pendapatan Komprehensif Lain
Selisih Kurs Penjabaran Laporan Keuangan
dalam Valuta Asing 2.q
Laba Komprehensif Periode Berjalan
LABA USAHA PER SAHAM DASAR 37
LABA BERSIH PER SAHAM DASAR 37

LAPORAN PERUBAHAN EKUITAS
Untuk Periode Enam Bulan yang Berakhir 30 Juni 2013 dan 2012
(Dalam Rupiah)
Catatan/
Notes
SALDO PER 31 DESEMBER 2011
Dana Program Kemitraan dan Bina Lingkungan
SALDO PER 30 JUNI 2012
SALDO PER 31 DESEMBER 2012
Dividen
Cadangan Umum
SALDO PER 30 JUNI 2013

LAPORAN ARUS KAS
Untuk Periode Enam Bulan yang Berakhir pada
30 Juni 2013 dan 2012
(Dalam Rupiah)
Catatan/
Notes
ARUS KAS DARI AKTIVITAS OPERASI

Penerimaan dari Pelanggan
Pembayaran Kepada Pemasok dan Pihak Ketiga
Pembayaran Kepada Karyawan
Penerimaan Rekening Giro dan Deposito Berjangka
Penerimaan Restitusi Pajak
Pembayaran Beban Pinjaman
Pembayaran Pajak Penghasilan
Kas Bersih Digunakan untuk Aktivitas Operasi
ARUS KAS DARI AKTIVITAS INVESTASI
Penerimaan dari Ventura Bersama
Penempatan pada Ventura Bersama
Perolehan Aset Tetap
Hasil Penjualan Aset Tetap
Penerimaan Penjualan Investasi pada Entitas Asosiasi
dan Investasi Jangka Panjang Lainnya
Pencairan Investasi Jangka Pendek
Kas Bersih Diperoleh dari (Digunakan untuk) Aktivitas Investasi
ARUS KAS DARI AKTIVITAS PENDANAAN
Penerimaan Utang Obligasi
Biaya Emisi Obligasi
Penerimaan Pinjaman Bank
Pembayaran Pinjaman Bank
Pembayaran Dividen
Kas Bersih Diperoleh dari Aktivitas Pendanaan
KENAIKAN BERSIH KAS DAN SETARA KAS
KAS DAN SETARA KAS AWAL PERIODE
KAS DAN SETARA KAS AKHIR PERIODE 2.c, 2.f, 2.r, 3
Kas dan Setara Kas pada Akhir Periode terdiri dari:
Kas
Bank
Deposito Berjangka
Jumlah
(Lanjutan)
Untuk Periode Enam Bulan yang Berakhir pada 30 Juni,
2013 dan Tahun yang Berakhir pada 31 Desember 2012
(Dalam Rupiah)
1 Umum
1.a. Pendirian dan Informasi Umum
tanggal 1 Januari
Negara
Karya
1973, Tambahan Berita Negara Nomor 91.
diubah, dan
Indonesia, tanggal
1.b. Penawaran Umum Efek Perusahaan

Saham
Pada tanggal
14012/BL/2012.
saham.
(Lanjutan)
(Dalam Rupiah)
Pada tanggal
Perusahaan sebanyak
Obligasi
sebagai berikut:
Nomor /
Number
1
2
1.c. Bidang Usaha
industri
Perseroan Terbatas.
sebagai berikut:
Pekerjaan
bangun (Design and Build), layanan jasa konsultasi material fabrication, component and construction tools
manajemen, building management, pabrikasi bahan fabrication, fabrication of metals, woods, rubber, and
dan komponen bangunan, pabrikasi komponen dan plastic
peralatan konstruksi, pabrikasi barang logam, kayu, equipments, agent for raw materials, building
karet dan plastik, penyewaan peralatan konstruksi, components and construction equipment, investment
layanan jasa keagenan bahan dan komponen and/or business management in area of basic facility
bangunan serta peralatan konstruksi, investasi and infrastructure and industry, performing activities
dan/atau pengelolaan usaha di bidang prasarana dan in agro industry field, export-import, general trading,
sarana dasar serta industri, melakukan usaha di region management, system development, service in
bidang agro industri, ekspor - impor, perdagangan information technology and tourism and royalty
umum, pengelolaan kawasan, system development, development.
layanan jasa bidang teknologi informasi dan
kepariwisataan dan pengembangan royalti.

CATATAN ATAS LAPORAN KEUANGAN
(Lanjutan)
(Dalam Rupiah)
Kegiatan usaha Perusahaan yang saat ini telah
dijalankan Perusahaan adalah kegiatan pelaksanaan
konstruksi dan pekerjaan terintegrasi Enginering,
Procurement and Construction (EPC).
1.d. Organisasi
Struktur Organisasi
Berdasarkan Keputusan Rapat Umum Pemegang
Saham Tahunan PT Waskita Karya (Persero) Tbk
tanggal 18 April 2013 menetapkan 6 (enam) anggota
Direksi PT Waskita Karya (Persero) yang terdiri atas
seorang Direktur Utama dan 5 (lima) Direktur, dengan
pembagian tugas sesuai Keputusan Direksi No.
03/SK/WK/2013 tanggal 23 April 2013.
Wilayah Kerja
Sesuai Keputusan Direksi No.
tanggal 23 April
Organisasi Perusahaan PT Waskita Karya (Persero)
Tbk. Saat ini, Struktur Organisasi Perusahaan
berbasis Unit Bisnis. Unit Bisnis mempunyai fungsi
pemasaran sampai dengan fungsi produksi. Jumlah
Unit Bisnis sebanyak
sebagai berikut:
Unit Bisnis/
Business Unit
Divisi Sipil/
Civil Division
jawa dan proyek sipil lokasi di luar jawa dengan nilai kontrak > Rp 250 Milyar.
Operations area covers the whole of Indonesia based in Jakarta, to perform the Company's activities
in the marketing area up to the production for the entire civil project , location on Java Island and
outside Java with the contract value > Rp 250 billion.
Divisi Gedung/ Daerah operasional meliputi seluruh Indonesia dan luar negeri (kecuali Timor L
Building Division Jakarta dengan melaksanakan kegiatan Perusahaan dalam bidang pemasaran sampai dengan produksi
untuk seluruh proyek gedung lokasi pulau jawa dan proyek gedung di luar jawa dengan nilai kontrak > Rp
75 Milyar.
Operations area covers the whole of Indonesia and overseas (except Timor Leste) based in Jakarta, to
perform the Company's activities in the marketing's area up to the production for the entire building project,
location on Java Island and outside Java with the contract value > Rp 75 billion.
Divisi EPC/ Melaksanakan kegiatan Perusahaan dalam bidang pemasaran Engineering dan
EPC Division proyek EPC, sedangkan kegiatan produksi proyek C dilakukan oleh unit bisnis lain.
Conducting the Company's activity in the marketing engineering and procurement of the EPC project, while
production activity C's project is performed by other business unit.
Divisi Precast / Melaksanakan kegiatan Perusahaan dalam bidang pemasaran, produksi, desig
Precast Division pengembangan, ekspedisi precast.
Conducting the Company's activities in the field of marketing,production, design and development, precast
expedition.

(Lanjutan)
(Dalam Rupiah)
Unit Bisnis/
Business Unit
Divisi Realty/ Realty
Division realty.
Divisi Regional I/
Regional Divison I
ditangani oleh Divisi Sipil, proyek Gedung kecuali yang ditangani oleh Divisi Gedung.
Operations area covers the whole of Sumatera based in Pekanbaru, to perform the Company's activities in
the marketing's area up to the production for the entire civil project, except those handled by Civil Division,
building project except those handled by Building Division.
Divisi Regional II/ Daerah operasi meliputi seluruh Kalimantan, berkedudukan di Balikpapan. Mel
Regional Divison II Perusahaan dalam bidang pemasaran sampai dengan produksi untuk proyek Sipil kecuali yang
ditangani oleh Divisi Sipil, proyek Gedung kecuali yang ditangani oleh divisi Gedung.
Operations area covers the whole of Kalimantan based in Balikpapan, to perform the Company's activities
in the marketing's area up to the production for the entire civil project, except those handled by Civil
Division, building project except those handled by Building Division.
Divisi Regional III/ Daerah operasi meliputi Bali, NTB, NTT dan Luar Negeri (Timor Leste), berked
Regional Divison III Melaksanakan kegiatan Perusahaan dalam bidang pemasaran sampai dengan produksi untuk proyek
Sipil kecuali yang ditangani oleh Divisi Sipil, proyek Gedung kecuali yang ditangani oleh Divisi
Gedung.
Operations area covers Bali, NTB, NTT and overseas (Timor Leste) based in Denpasar, to perform the
Company's activities in the marketing's area up to the production for the entire civil project, except those
handled by Civil Division, building project except those handled by Building Division.
Divisi Regional IV/ Daerah operasi meliputi seluruh Sulawesi, Maluku dan Papua, berkeduduk
Regional Divison IV Melaksanakan kegiatan Perusahaan dalam bidang pemasaran sampai dengan produksi untuk proyek
Sipil kecuali yang ditangani oleh Divisi Sipil, proyek Gedungl kecuali yang ditangani oleh Divisi
Gedung.
Operations area covers the whole of Sulawesi, Maluku, and Papua, based in Makassar, to perform the
Company's activities in the marketing's area up to the production for the entire civil project, except those
handled by Civil Division, building project except those handled by Building Division.
1.e.
30 Juni 2013 dan

sebagai berikut:
Komisaris Utama
Komisaris Independen
Komisaris
Komisaris
Komisaris
Direktur Utama
Direktur
Direktur
Direktur
Direktur
Direktur
10

(Lanjutan)
(Dalam Rupiah)
Komisaris Utama
Komisaris Independen
Komisaris
Komisaris
Komisaris
Direktur Utama
Direktur
Direktur
Direktur
Direktur
Direktur
Susunan Komite Audit Perusahaan pada tanggal
30 Juni 2013 dan 31 Desember 2012 adalah sebagai
berikut:
Ketua
Anggota
Susunan Komite Risiko dan Asuransi Perusahaan pada

tanggal 30 Juni 2013 dan 31 Desember 2012 adalah
sebagai berikut:
Ketua
Anggota
Ketua SPI
Sekretaris
Perusahaan
Komisaris diangkat melalui Keputusan Para Pemegang
Saham PT Waskita Karya
134/MBU/2011 dan S-2004/PPA/DU/0611 tanggal 15
Juni 2011, KEP-241/MBU/2011 dan KEP-PS-
07/PPA/1111 tanggal 29 Nopember
382/MBU/2012 tanggal 25 Oktober
Keputusan RUPST sesuai akta No. 65 oleh Fathiah
Helmi, S.H. tanggal 18 April 2013.
Helmi, S.H, dated April 18, 2013.
11
(Lanjutan)
(Dalam Rupiah)
15 Juni
tanggal 18 April 2013.
Komisaris Nomor
Nopember 2012.
tanggal
Pada tanggal
PT Waskita
16/SK/WK/PEN/2013.
per 30 Juni
Direksi per
dan 2012.
12

(Lanjutan)
(Dalam Rupiah)
2
2.a. Pernyataan Kepatuhan
2.b. Dasar Penyajian Laporan Keuangan

telah dinilai kembali
nilai realisasi bersih
arus kas.
metode langsung
adalah Rupiah.
Kantor Cabang
Arab Emirat Dirham
dengan kurs Reuters (Catatan 2.q).

Penerapan Standar Akuntansi Revisi
Perusahaan:
(Revisi 2012);
2. PSAK 36
(Revisi 2012);
(Revisi 2012).
13
(Lanjutan)
(Dalam Rupiah)
2.c. Setara Kas
2.d. Investasi
Investasi Jangka Pendek
berdasarkan nilai nominal.

Investasi pada Entitas Asosiasi
nonkorporasi
rugi yang belum diakui.
2.e.
14
(Lanjutan)
(Dalam Rupiah)
perolehan.
tahun berjalan.
2.f. Aset dan Liabilitas Keuangan
klasifikasinya.
Aset Keuangan
aset keuangan
Derivatif
Pada 30 Juni
Perusahaan tidak mempunyai aset keuangan which are classified as financial assets at fair
yang diklasifikasikan sebagai aset keuangan yang value through the statement of comprehensive
diukur pada nilai wajar melalui laporan laba rugi income.
komprehensif.
(ii) Pinjaman yang diberikan dan piutang (ii) Loans and receivables
Pinjaman yang diberikan dan piutang adalah aset Loans and receivables are non-derivative
financial assets with fixed payments or
keuangan non derivatif dengan pembayaran tetap
atau telah ditentukan dan tidak mempunyai determinable payments that are not quoted in an
active market. At initial recognition, loans and
kuotasi di pasar aktif. Pada saat pengakuan awal,
pinjaman yang diberikan dan piutang diakui pada receivables are recognized at fair value plus
transaction cost and subsequently measured at
15

(Lanjutan)
(Dalam Rupiah)
bunga efektif.
Pada 30 Juni
pinjaman yang diberikan dan piutang.

Pada 30 Juni
jatuh tempo.
(iv)Aset keuangan tersedia untuk dijual
komprehensif.
comprehensive income.
16

(Lanjutan)
(Dalam Rupiah)
laporan laba rugi komprehensif.

Pada 30 Juni
dengan metode biaya.

Liabilitas Keuangan
perolehan diamortisasi.
diperdagangkan.
efektif sebagai instrumen lindung nilai.

Pada 30 Juni
rugi komprehensif.
perolehan diamortisasi
bunga efektif.
Pada 30 Juni
flow dan/atau nilai wajar jaminan.

the collateral.
17
(Lanjutan)
(Dalam Rupiah)
Estimasi nilai wajar
diperdagangkan
perolehan.
2.g. Piutang Retensi
2.h.
yang diakui dan termin.

keuangan.
2.i. Biaya Dibayar di Muka
diamortisasi sesuai dengan masa manfaatnya dengan

menggunakan metode garis lurus.
18
(Lanjutan)
(Dalam Rupiah)
2.j. Persediaan
metode FIFO
berikutnya.
Penyisihan penurunan nilai persediaan dibentuk Provision for impairment value of inventories is
periode.
2.k. Aset Tetap
Aset tetap
aset tetap sebagai berikut :
Gedung
Kendaraan
19

(Lanjutan)
(Dalam Rupiah)
Jumlah tercatat aset tetap dihentikan pengakuannya
pada saat dilepaskan atau saat tidak ada manfaat
ekonomis masa depan yang diharapkan dari
penggunaan atau pelepasannya. Laba atau rugi yang
timbul dari penghentian pengakuan aset
sebagai perbedaan antara jumlah neto hasil
pelepasan dan jumlah tercatat dari aset) dimasukkan
dalam laporan laba rugi komprehensif pada
periode/tahun aset tersebut dihentikan pengakuannya.
Pada akhir periode/tahun buku pelaporan, Perusahaan
melakukan penelaahan berkala atas masa manfaat
ekonomis aset, nilai residu, metode penyusutan, dan
sisa umur pemakaian berdasarkan kondisi teknis.
2.l. Aset Lain-lain
Akun-akun yang tidak dapat digolongkan dalam aset
lancar, investasi, maupun aset tidak berwujud
disajikan dalam aset lain-lain.
Beban tangguhan berupa hak atas tanah dicatat
sebesar biaya perolehan hak atau biaya pembaharuan
hak. Semua beban tangguhan terkait hak diamortisasi
sepanjang umur hukum hak atau umur ekonomis aset
tanah, yang mana yang lebih pendek.
2.m. Penurunan Aset Nonkeuangan
Pada setiap akhir periode pelaporan, Perusahaan akan
melakukan penilaian apakah terdapat indikasi aset
mengalami penurunan nilai. Jika terdapat indikasi
tersebut, maka Perusahaan mengestimasi jumlah
terpulihkan suatu aset atau unit penghasil kas adalah
jumlah yang lebih tinggi antara nilai wajar dikurangi
biaya untuk menjual dan nilai pakainya. Jika jumlah
terpulihkan suatu aset lebih kecil dari nilai tercatatnya,
nilai tercatat aset harus ditentukan menjadi sebesar
jumlah terpulihkan. Penurunan nilai diakui segera dalam
laba atau rugi.
Pemulihan rugi penurunan nilai aset yang telah diakui
periode sebelumnya dicatat jika terdapat indikasi
penurunan nilai aset tersebut sudah tidak ada lagi
atau menurun. Pemulihan rugi penurunan nilai aset
diakui dalam laba atau rugi. Namun demikian,
kenaikan nilai tercatat aset karena pemulihan rugi
penurunan nilai hanya diakui sepanjang tidak melebihi
nilai tercatat yang ditentukan
penyusutan dan amortisasi) jika rugi penurunan nilai
aset tidak diakui pada tahun sebelumnya.
2.n. Utang Bruto kepada Subkontraktor

Utang bruto pihak ketiga merupakan utang prestasi
kerja subkontraktor yang belum diberita acarakan,
baik dari subkontraktor atau material yang diakui
sebagai prestasi karena belum memenuhi syarat
pembayaran sesuai kontrak.
20

(Lanjutan)
(Dalam Rupiah)
Utang bruto pihak ketiga disajikan sebesar selisih
antara biaya yang terjadi ditambah laba atau dikurangi
yang diakui.
2.o. Pengakuan Pendapatan dan Beban
Pendapatan dan beban jasa konstruksi diakui dengan
menggunakan metode persentase penyelesaian
(percentage of completion method) yang diukur
berdasarkan kemajuan fisik pada tanggal akhir periode
pelaporan, yang dinyatakan dalam PSAK 34 Akuntansi
Kontrak Konstruksi (Revisi
Januari
beban kontrak akan melebihi pendapatan kontrak,
maka taksiran rugi segera diakui sebagai beban.
Pendapatan dari usaha perdagangan diakui Revenue from trading activities is recognized when the
berdasarkan metode tahap penyerahan barang kepada goods are delivered to customers. Revenue from rental
pembeli. Pendapatan dari jasa penyewaan gedung services is recognized based on the amount of time use
diakui berdasarkan jumlah waktu pemakaian yang telah that has been realized.
direalisasikan.
Pendapatan dari usaha sarana papan (properti) diakui Revenue from sales of housing is recognized by
PSAK 44
telah mencapai
disepakati;
lain dari pembeli;
berikut:
- Untuk
jika
tanah yang dijual, pembangunan fasilitas yang
dijanjikan ataupun yang menjadi liabilitas dan
beban penjual, sesuai dengan perjanjian antara
penjual dan pembeli yang bersangkutan atau
ketentuan peraturan perundang-undangan yang
berlaku.
21
(Lanjutan)
(Dalam Rupiah)
dasar akrual.
2.p. Kapitalisasi Biaya Pinjaman
tertentu tersebut.
dilindungi nilai
belum digunakan.
tahun.
2.q.
Dalam Mata Uang Asing
Perusahaan telah
uang penyajian.
Penyajian
keuangan entitas di Indonesia.

2. Transaksi dan Saldo
kurs yang berlaku pada tanggal tersebut.
22

(Lanjutan)
(Dalam Rupiah)
Pada tanggal laporan posisi keuangan, aset dan
liabilitas moneter dalam mata uang asing disesuaikan
ke dalam mata uang Rupiah berdasarkan kurs rata-
rata Bank Indonesia. Keuntungan atau
penyesuaian kurs tersebut dicatat sebagai laba atau
rugi tahun berjalan.
2.r. Transaksi Dengan Pihak-Pihak yang Berelasi
Merupakan pengungkapan pihak-pihak berelasi,
transaksi dan saldo termasuk komitmen. Anggota
personil manjemen kunci adalah pihak berelasi,
sehingga mengharuskan pengungkapan atas
kompensasi personil manajemen kunci untuk masing-
masing kategori.
Perusahaan telah melakukan evaluasi terhadap
hubungan pihak-pihak berelasi dan memastikan
laporan keuangan telah disusun menggunakan
persyaratan pengungkapan sebagai berikut:
a) Orang atau anggota keluarga terdekat mempunyai
relasi dengan entitas pelapor jika orang tersebut:
i. Memiliki pengendalian atau pengendalian
bersama atas entitas pelapor;
ii. Memiliki pengaruh signifikan atas entitas pelapor:
atau
iii. Personil manajemen kunci entitas pelapor atau
entitas induk pelapor.
b) Satu entitas berelasi dengan entitas pelapor jika
memenuhi salah satu hal berikut:
i. Satu entitas adalah ventura bersama dari entitas
ketiga dan entitas yang lain
asosiasi dari entitas ketiga.
ii. Entitas tersebut adalah suatu program imbalan
pascakerja atau imbalan kerja dari salah satu
entitas pelapor atau entitas yang terkait dengan
entitas pelapor. Jika entitas pelapor adalah
entitas yang
tersebut, maka entitas sponsor juga berelasi
dengan entitas pelapor.
iii. Entitas yang dikendalikan atau dikendalikan
bersama oleh orang yang diidentifikasi dalam
huruf (a).
iv. Orang yang diidentifikasi dalam huruf
memiliki pengaruh signifikan atas entitas atau
personil manajemen kunci entitas (atau entitas
induk dari entitas).
Entitas Berelasi dengan Pemerintah adalah entitas
yang dikendalikan, dikendalikan bersama atau
dipengaruhi secara signifikan oleh Pemerintah.
Pemerintah dalam hal ini didefinisikan dalam ruang
lingkup Menteri Keuangan atau Pemerintah Daerah
yang merupakan pemegang saham dari entitas dan
Kemeterian BUMN sebagai kuasa pemegang saham.
Perusahaan telah mengungkapkan seluruh sifat dan
transaksi dengan pihak-pihak berelasi (Catatan 44).
23

(Lanjutan)
(Dalam Rupiah)
2.s. Pajak Penghasilan
Pajak penghasilan dalam laporan laba rugi
komprehensif periode berjalan terdiri dari pajak kini dan
tangguhan. Pajak penghasilan diakui dalam laporan
laba rugi komprehensif, kecuali untuk transaksi yang
berhubungan dengan transaksi yang diakui langsung
dalam ekuitas atau pendapatan komprehensif lainnya,
dalam hal ini diakui dalam ekuitas atau pendapatan
komprehensif lainnya.
Beban pajak final diakui proporsional dengan jumlah
pendapatan menurut akuntansi yang diakui pada tahun
berjalan. Selisih antara jumlah pajak penghasilan final
yang dibayar dengan jumlah yang dibebankan pada
perhitungan laba rugi, diakui sebagai pajak dibayar
dimuka atau utang pajak. Bila penghasilan telah
dikenakan pajak penghasilan final, perbedaan antara
nilai tercatat aset dan liabilitas dengan dasar
pengenaan pajaknya tidak diakui sebagai aset dan
liabilitas tangguhan.
Pajak kini diakui berdasarkan laba kena pajak untuk
tahun yang bersangkutan, yakni pajak yang dihitung
sesuai dengan peraturan perpajakan yang berlaku.
2.t. Liabilitas Imbalan Kerja
Perusahaan mengikuti program asuransi pensiun yang
diselenggarakan oleh PT Asuransi Jiwasraya (Persero).
Sesuai dengan UU 13/2003, Perusahaan berkewajiban
menutupi kekurangan pembayaran pensiun bila
program yang ada sekarang belum cukup menutupi
kewajiban sesuai dengan UU 13/2003.
Liabilitas imbalan pasti dihitungkan oleh aktuaris
independen dengan menggunakan Projected Unit
Credit Method. Dalam menghitung imbalan pasca kerja,
aktuaris independen telah memperhitungkan konstribusi
yang telah dilakukan oleh Perusahaan kepada
PT Asuransi Jiwasraya (Persero).
Nilai kini liabilitas imbalan pasti ditentukan dengan
mendiskontokan estimasi arus kas masa depan dengan
menggunakan tingkat bunga obligasi dalam mata uang
Rupiah, sama dengan mata uang dimana imbalan
tersebut dibayarkan dan yang memiliki jangka waktu
yang mendekati jangka waktu liabilitas imbalan pensiun
yang bersangkutan.
Keuntungan dan kerugian aktuarial yang timbul dari
penyesuaian, perubahan dalam asumsi-asumsi
aktuarial yang jumlahnya melebihi jumlah yang lebih
besar antara 10% dari nilai wajar aset program atau
10% dari nilai kini imbalan pasti, dibebankan atau
komprehensif selama rata-rata sisa masa kerja yang
diharapkan dari karyawan tersebut. Perusahaan
memilih mempertahankan kebijakan yang ada untuk
mengakui keuntungan atau aktuarial, yang mana
menggunakan pendekatan koridor.
24

(Lanjutan)
(Dalam Rupiah)
Biaya jasa lalu diakui secara langsung, kecuali
perubahan terhadap program pensiun tersebut
mengharuskan karyawan tersebut tetap bekerja selama
periode waktu tertentu untuk mendapatkan hak tersebut
(periode vesting).
Dalam hal ini, biaya jasa lalu diamortisasi secara garis
lurus sepanjang periode vesting. Biaya jasa kini diakui
sebagai beban periode berjalan.
2.u. Akuntansi untuk Ventura Bersama
Dalam melaksanakan pemberian jasa konstruksi,
Perusahaan juga melakukan kerjasama dengan
berbagai pihak sebagaimana tersebut pada masing-
masing perjanjian, dengan membentuk pengelola
proyek secara bersama-sama untuk melaksanakan
pekerjaan proyek dari pemberi kerja. Bentuk
kerjasama operasi (KSO) yang dilakukan Perusahaan
dapat dibagi menjadi dua golongan, yaitu:
b. Proyek kerja sama operasi Integrated di mana
masing-masing partisan memiliki kendali yang
signifikan atas aset dan operasi KSO (integrated).
c. Proyek kerja sama operasi Job Allocation di mana
masing-masing partisan memiliki pembagian yang
tegas atas aset dan operasi KSO.
Bagian Perusahaan atas aset bersih dan laba bersih
KSO Integrated yang mempunyai masa kontrak lebih
dari satu tahun dibukukan berdasarkan metode ekuitas.
Bagian Perusahaan atas aset bersih dibukukan dalam
akun "Investasi pada Ventura Bersama" dan bagian
atas laba/(rugi) bersih dalam akun "Bagian Laba (Rugi)
Ventura Bersama”.
Untuk proyek KSO Job Allocation yang diperoleh
sebelum 1 Januari 2012, pendapatan dan biaya yang
timbul dalam kelompok KSO Job Allocation diakui
secara bruto sesuai porsi pekerjaan Perusahaan dan
sepenuhnya diakui sebagai pendapatan dan beban
Perusahaan. Setiap aset atau liabilitas yang timbul
selama operasi dicatat oleh Perusahaan dalam pos
tersendiri yaitu "Utang/Piutang Usaha Bersama".
Operation”.
Sedangkan untuk proyek Job Allocation yang While for the JO Job Allocation which obtained from
diperoleh sejak 1 Januari 2012 bagian Perusahaan January 1,
atas aset bersih dan laba bersih KSO Job Allocation assets and net income of JO Job Allocation recorded as
dibukukan berdasarkan metode ekuitas. Bagian equity method on account
Perusahaan atas aset bersih dibukukan dalam akun Venture” and portion of net income (loss) on accounts
“Investasi pada Ventura Bersama” dan bagian atas “Portion of Income (Loss) of Joint Venture.
laba/(rugi) bersih dalam akun “Bagian Laba/(Rugi)
Ventura Bersama”.
25

(Lanjutan)
(Dalam Rupiah)
2.v. Laba per Saham
Laba per saham dasar dihitung dengan membagi laba
bersih residual dengan jumlah rata-rata tertimbang
saham biasa beredar pada tahun yang bersangkutan.
Jumlah rata-rata tertimbang saham beredar untuk
perhitungan laba per saham dasar adalah sebesar
9.632.236.000 dan
pada 30 Juni 2013 dan 31 Desember 2012.
2.w. Biaya Emisi Obligasi dan Saham
Biaya emisi obligasi merupakan biaya transaksi yang
harus dikurangkan langsung dari hasil emisi dalam
rangka menentukan hasil emisi bersih obligasi. Selisih
antara hasil emisi bersih dengan nilai nominal
merupakan diskonto atau premium dan diamortisasi
selama jangka waktu obligasi yang bersangkutan.
Biaya emisi saham disajikan sebagai bagian tambahan
modal disetor dan tidak diamortisasi. Biaya emisi
saham disajikan sebagai pengurang dari tambahan
modal disetor dan tidak disusutkan.
2.x. Informasi Segmen
Informasi segmen disajikan menurut pengelompokan
(segmen) jenis usaha sebagai bentuk pelaporan
segmen primer dan segmen jenis daerah geografis
sebagai bentuk pelaporan segmen sekunder.
Informasi segmen primer Perusahaan disajikan

menurut pengelompokan (segmen) usaha. Segmen
usaha adalah komponen yang dapat dibedakan dan
menghasilkan suatu produk atau jasa yang berbeda.
Segmen geografis adalah komponen Perusahaan
yang dapat dibedakan dalam menghasilkan produk
atau jasa pada lingkungan (wilayah) ekonomi tertentu.
2.y. Program Pengganti Rencana kepemilikan Saham
Manajemen dan Karyawan (MESOP)
Perusahaan menyediakan program opsi saham untuk
anggota manajemen (MESOP). Program ini terdiri dari
program opsi saham bahwa setelah diselesaikan
melalui penerbitan saham
saham yang diselesaikan dengan instrumen ekuitas)
dicatat sebagai transaksi ekuitas. Pembayaran berbasis
saham yang diselesaikan dengan instrumen ekuitas
kepada anggota manajemen dan layanan sejenis
lainnya diukur pada nilai wajar instrumen ekuitas pada
tanggal pemberian opsi.
Nilai wajar yang ditentukan pada tanggal pemberian

opsi pembayaran saham yang diselesaikan dengan
instrumen ekuitas dicatat sebagai beban dengan
metode garis lurus sepanjang periode vesting,
berdasarkan estimasi instrumen ekuitas Perusahaan
yang akhirnya akan diberikan, dengan peningkatan
yang sesuai pada ekuitas.
26
(Lanjutan)
(Dalam Rupiah)
mencerminkan
2.z. Penggunaan Estimasi

kemungkinan berbeda.
Estimasi Umur Manfaat
oleh perubahan faktor tersebut.

Imbalan Pascakerja
pascakerja.
Nilai wajar
Pajak Penghasilan
badan.
27

(Lanjutan)
(Dalam Rupiah)
Provisi dan Kontinjensi
Perusahaan saat ini sedang terlibat dalam proses
hukum dan pajak. Manajemen melakukan penilaian
untuk membedakan antara provisi dan kontinjensi
terutama melalui konsultasi dengan penasehat hukum
Perusahaan yang menangani proses hukum dan pajak
tersebut.
Perusahaan mempersiapkan provisi yang sesuai untuk
proses hukum saat ini atau liabilitas konstruktif, jika
ada, sesuai dengan kebijakan provisi. Dalam
pengakuan dan pengukuran provisi, manajemen
mengambil risiko dan ketidakpastian.
Pada tanggal 30 Juni 2013, Perusahaan berpendapat
bahwa proses-proses tersebut tidak berpengaruh
secara signifikan terhadap laporan keuangan.
3. Kas dan Setara Kas
30 Juni 2013/
June 30, 2013
Rp
Kas 1,219,164,714
Bank
Rupiah
PT Bank Negara Indonesia (Persero) Tbk 415,001,978,689
PT Bank Rakyat Indonesia (Persero) Tbk 37,044,800,179
PT Bank Mandiri (Persero) Tbk 202,473,565,772
PT Bank Tabungan Negara (Persero) Tbk 56,009,344,743
PT Bank Syariah Mandiri 959,202,121
PT Indonesia EximBank 492,115,710
US Dollar
PT Bank Rakyat Indonesia (Persero) Tbk 13,827,167,898
PT Bank Mandiri (Persero) Tbk 4,755,704,556
Japan Yen
Singapore Dollar
PT Bank Negara Indonesia (Persero) Tbk 42,547,177
Euro
PT Bank Mandiri (Persero) Tbk 120,501,793
Jumlah 764,495,093,216
Pihak-pihak Ketiga
Rupiah
PT Bank Panin Tbk 67,072,721,055
PT BPD Nusa Tenggara Barat 1,002,309,970
PT BOT Mitsubishi 587,100,269
PT Bank Bukopin Tbk 482,288,478
PT BPD Jabar dan Banten Tbk 364,934,427
PT BPD Riau 277,948,371
PT BPD Nusa Tenggara Timur 13,086,692
PT Bank ChinaTrust 1,072,000
PT Bank UOB 17,315,235,447
PT Bank BPD Kaltim 41,402,645
PT BPD Jawa Tengah --
US Dollar
PT BOT-Mitsubishi 163,643,410
28

(Lanjutan)
(Dalam Rupiah)
Rupiah
PT Bank Rakyat Indonesia (Persero) Tbk
PT Bank Mandiri (Persero) Tbk
PT Bank Tabungan Negara (Persero) Tbk
PT Bank Negara Indonesia (Persero) Tbk
Jumlah
Pihak-pihak Ketiga
Rupiah
PT BPD Jabar dan Banten Tbk
Jumlah
Jumlah Kas dan Setara Kas
Tingkat Suku Bunga Deposito Berjangka

Rupiah (%)
4. Investasi Jangka Pendek
Sertifikat Deposito Berjangka

Jumlah
Merupakan sertifikat deposito senilai Rp
Rp 8.143.200.000 dan Rp 2.215.733.745 (Catatan 18.1) atau
total senilai Rp 15.827.933.745 yang ditempatkan di PT Bank
Negara Indonesia (Persero) Tbk dan Rp 8.448.200.000 yang
ditempatkan pada PT Bank Mandiri (Persero) Tbk (Catatan
18.2) di tahun 2013 dan 2012. Sertifikat deposito tersebut
dijadikan jaminan atas pinjaman bank pada masing-masing
bank tersebut.
5. Piutang Usaha
Piutang Usaha Jasa Konstruksi
Piutang Ventura Bersama
Dikurangi: Penyisihan Kerugian Penurunan
Nilai Piutang
Jumlah Pihak-pihak Berelasi
Pihak-pihak Ketiga
Piutang Usaha Jasa Konstruksi
Piutang Sarana Papan
Piutang Dagang
Piutang Sewa Gedung
29

(Lanjutan)
(Dalam Rupiah)
30 Juni 2013/
June 30, 2013
Rp
Nilai Piutang -20,767,000,159
Jumlah Pihak-pihak Ketiga 673,640,559,825
Jumlah Piutang Usaha 1,811,267,924,442
Rincian saldo piutang usaha kepada pihak-pihak berelasi
adalah sebagai berikut :
30 Juni 2013/ 31 Desember 2012/

June 30, 2013 December 31, 2012
Rp
Pihak- pihak Berelasi
PT Kertas Leces (Persero) 87,695,409,750
PT Jasa Marga Bali Tol 41,254,828,030
PT Dok Kodja Bahari (Persero) 26,260,305,600
PT PLN (Persero) --
PT Angkasa Pura I (Persero) 26,936,113,274
PT Pelabuhan Indonesia II (Persero) 26,549,752,515
PT Trans Marga Jateng 30,940,804,492
PT Semen Padang (Persero) 15,733,009,869
PT Hotel Indonesia Natour (Persero) 59,072,727,273
PT Jasa Marga (Persero) 11,331,814,696
Lainnya (di bawah Rp 10 Milyar) 13,166,189,282
Jumlah Piutang Usaha Pihak-pihak Berelasi 338,940,954,781
Rincian saldo piutang usaha kepada pihak-pihak ketiga adalah
sebagai berikut: follows:
30 Juni 2013/ 31 Desember 2012/

June 30, 2013
December 31, 2012
Rp
Pihak-pihak Ketiga
PT Tapin Coal Terminal 122,090,211,456
Pemerintah Daerah 104,406,327,457
Bin Ladin Contractor Group LLC 56,875,614,651
PT Broadbiz Asia 15,360,419,011
Kementerian Pekerjaan Umum 87,850,363,171
PT Indonesian Paradise Island 20,653,015,888
PT Hermes Realty Indonesia 25,218,370,707
PT Pardika Wishi Sarana 32,386,606,500
PT Mega Pasanggrahan Indah 20,264,799,625
PT Adhita Serayakorita 30,353,962,863
PT Sumber Mesin Raya --
PT Puradelta Lestari --
Kementerian Perhubungan --
Badan Pelaksana Pengelola Masjid Istiqlal --
Universitas Indonesia 43,800,000,000
PT Mandara Permai 16,976,560,393
Jumlah Piutang Usaha Pihak-pihak Ketiga 694,031,896,474
30

(Lanjutan)
(Dalam Rupiah)
Sedangkan rincian saldo piutang ventura bersama adalah
sebagai berikut :
Nama Proyek / Project Name
KSO Waskita - Brantas Pandan Duri Thp II

KSO Waskita-Yasa Bandara Kualanamu
KSO Waskita-Kajima E2 Cilincing - Jampea
KSO Waskita-CPA Spam Samarinda Utara
KSO Waskita - Indah Karya Ciasem Pamanukan
KSO Waskita - JPC SMM Muara Taweh Div.2
KSO Waskita - Brantas Sabo Dam Paket 1
KSO Waskita - PP - Wika Jembatan Merah Putih
KSO Waskita - PP Gedung BPK RI
KSO Waskita-PAL PLTU Malinau
KSO Waskita - Brantas - Wika Bendung Gerak Sembayat
KSO Waskita - Adhi-HK-WIKA Suramadu CIC
KSO Waskita - Wijaya-PP-Adhi Jatigede Sumedang
KSO Waskita - Adhi Klawing
KSO Waskita - Perdasa - Buluh - Larasati Jl. Talisayan - Batu Lepok
KSO Waskita - Adhi Kali Lamong
KSO Waskita-GXED Genyem
KSO Waskita - ZUG PLTU Rote
KSO Waskita - Brantas Irigasi Sampean (Pirimp ) Situbondo
KSO Waskita - Sinar Intan PDAM Tanah Grogot
KSO Waskita - Brantas Jl. Bulukumba Mks
KSO Waskita-Kumudo Intan Waduk Rajui
KSO Waskita-Tokyu FO Marak Balaraja
Lainnya (di bawah Rp 10 Milyar)
Jumlah Piutang Ventura Bersama
Jumlah piutang usaha berdasarkan umur (hari) adalah
sebagai berikut:
30 Juni 2013/
31 Desember 2012/
June 30, 2013 December 31, 2012
Rp
Sampai dengan 12 bulan
Belum Jatuh Tempo 1,280,095,002,144
Sudah Jatuh Tempo 205,577,349,691
> 13 - 24 Bulan - Sudah Jatuh Tempo 339,370,581,764
> 25 - 36 Bulan - Sudah Jatuh Tempo --
> 36 Bulan - Sudah Jatuh Tempo 9,045,072,447
Jumlah 1,834,088,006,046
Mutasi penyisihan kerugian penurunan nilai piutang adalah
sebagai berikut:
30 Juni 2013/
31 Desember 2012/
June 30, 2013 December 31, 2012
Rp
Saldo Awal Periode -24,626,427,605
Pemulihan di Periode Berjalan 1,806,346,001
Penambahan di Periode Berjalan --
Saldo Akhir Periode -22,820,081,604
31
(Lanjutan)
(Dalam Rupiah)
pemberi kerja.
disisihkan kepada
Rp 1.806.346.001.
Internasional dan
perusahaan lainnya.
disisihkan kepada PT
Rp
Rp
Rp
Rp
Informasi yang berkaitan dengan Piutang Usaha kepada Other important informations relating to Accounts Receivable
Pemberi Kerja Perusahaan sampai dengan 30 Juni 2013
adalah sebagai berikut:
1 PT Jasamarga Bali Tol
Paket 2
Perusahaan
JBT/2012 tanggal
Rp 285.224.794.545.
2
Perusahaan
JBT/2012 tanggal
Rp 417.851.952.727.
3 PT Pelabuhan Indonesia II
Dermaga Tanjung Priok I
Perusahaan melaksanakan pekerjaan proyek Project
Dermaga Tanjung Priok I berdasarkan kontrak The Company conducted the work of Dermaga
pekerjaan No. HK.566/1/15/C.Tpk-12 tanggal
Pebruari 2012 sebesar Rp 62.272.727.273.
Dermaga Tanjung Priok II
Perusahaan melaksanakan pekerjaan proyek Project
Dermaga Tanjung Priok II berdasarkan kontrak The Company conducted the work of Dermaga
32

(Lanjutan)
(Dalam Rupiah)
pekerjaan No. HK.566/1/16/C.Tpk-12 tanggal
Pebruari 2012 sebesar Rp 59.681.818.182.
5 PT Broadbiz Asia - Proyek Paragon Square

Perusahaan melaksanakan pekerjaan proyek
Paragon Square berdasarkan kontrak pekerjaan
Nomor: 04/BA/SPK-PS/VII/2012 tanggal 5 Juli 2012
sebesar Rp 331.859.090.909.
6 PT Sumber Mesin Raya - Proyek The Manhattan

Square
Perusahaan melaksanakan pekerjaan proyek The
Manhattan Square berdasarkan kontrak pekerjaan
Nomor: 041/SMR/6/12 tanggal 8 Juni 2012 sebesar
Rp 148.409.090.909.
7 PT Indonesian Paradise Island

Sahid Kuta
Perusahaan melaksanakan pekerjaan proyek Hotel
Sahid Kuta berdasarkan kontrak pekerjaan Nomor:
002.VI/10/IPI-Dev/Kontrak-SA
Rp 237.470.909.091 tanggal 21 Juni 2010.
8 PT Trans Marga Jateng - Proyek Tol Bawen Paket
3
Perusahaan melaksanakan pekerjaan proyek Tol
Bawen Paket
Nomor: TMJ.KPPPPJT/VIII/2011/008
Rp 144.278.192.364 tanggal 19 Agustus 2011. Pada
tanggal 19 Agustus 2011 telah disepakati addendum
atas kontrak pekerjaan, dengan perubahan pada
masa pekerjaan, sebelumnya
menjadi 354 hari kalender.
9 PT Tapin Coal Terminal - Proyek TCT Sipil
Perusahaan melaksanakan pekerjaan proyek TCT
Sipil berdasarkan kontrak pekerjaan Nomor: 110/TCT-
WK/V/2011 sebesar Rp 240.781.733.636.
10 PT Dok dan Perkapalan Bahari (Persero) - Proyek

Dok Kodja Bahari
Perusahaan melaksanakan pekerjaan proyek Dok
Kodja Bahari berdasarkan kontrak pekerjaan Nomor:
029/IV/KONTR/DKB/2010 dan
/Kri/2010 sebesar Rp 119.565.187.000 tanggal 16 Juli
2010. Terdapat 2
pekerjaan Nomor 029-1/ADD 1/IV/KONTR/DKB/2011
dan 03-1/ADD
Rp 131.301.528.000 pada tanggal 5 Juli 2011 serta
Nomor 029-2/ADD 2/IV/KONTR/DKB/2012 dan 03-
2/ADD 2/KONTR/WK/D.III/Kri/2012 pada tanggal
Pebruari 2012.
Piutang Usaha dijaminkan pada bank-bank pemberi pinjaman,

dengan rincian sebagai berikut:
 PT Bank Negara Indonesia (Persero) Tbk (Catatan 18.1),
piutang yang dijaminkan yaitu tagihan termin atas proyek
Gedung Olah Raga (GOR) Stadion Balikpapan Kaliman
Timur.
33
(Lanjutan)
(Dalam Rupiah)

Bengkulu Rp
Jalan Nasional Karawang

Rp 26.739.560.500,
City Rp
Kabupaten Batanghari Rp
Rp
Rp
Rp 73.909.467.363
Rp 14.080.227.920.
- Pasuruan
Rp 234.087.905.000.

Gempol) sebesar Rp 248.241.861.000.
tersebut.
pihak ketiga.
Perusahaan tidak mempunyai piutang yang di jual secara The Company does not have receivables are sold in With
With Recourse. Recourse.
34

(Lanjutan)
(Dalam Rupiah)
6. Piutang Retensi
30 Juni 2013/
June 30, 2013
Rp
Pihak-pihak Berelasi 167,336,161,485
Pihak-pihak Ketiga 390,157,632,792
Jumlah 557,493,794,277
Dikurangi: penyisihan kerugian penurunan
nilai piutang -11,713,266,903
Jumlah 545,780,527,374
Rincian saldo piutang retensi pihak-pihak berelasi sebagai
berikut:
30 Juni 2013/
June 30, 2013
Rp
Piutang Retensi Pihak-pihak Berelasi
PT Jasa Marga Bali Tol 31,219,252,964
PT Trans Lingkar Kita Jaya 12,509,142,415
PT PLN (Persero) 13,581,201,615
Jumlah Piutang Retensi Pihak-pihak Berelasi 167,336,161,485
Rincian saldo piutang retensi pihak-pihak ketiga sebagai
berikut:
30 Juni 2013/
June 30, 2013
Rp
Piutang Retensi Pihak-pihak Ketiga
Pemerintah - Pemerintah Daerah 49,858,327,184
Bin Laden Contractor Group LLC 14,426,654,202
PT Adhitya Serayakorita 11,624,709,580
PT Tapin Coal Terminal 15,455,889,958
Daewoo Engineering Company - South Korea 15,233,684,999
PT Indonesia Paradise Island 12,210,199,089
PT Multi Artha Pratama 10,960,147,196
Universitas Indonesia 14,600,000,000
PT Marga Lingkar Jakarta 11,793,003,443
Jumlah Piutang Retensi Pihak-pihak Ketiga 390,157,632,792
Mutasi penyisihan kerugian penurunan nilai piutang retensi
35
(Lanjutan)
(Dalam Rupiah)
Saldo Awal Periode
Pemulihan di Periode Berjalan
Penambahan di Periode Berjalan
Saldo Akhir Tahun
Rp 867.729.573.
beberapa perusahaan lainnya.
di tahun 2012
Rp 1.140.113.383.
tertagihnya piutang retensi di kemudian hari.

7. Piutang Lain-Lain
Pihak-Pihak Berelasi
PT Istaka Karya (Persero)
Piutang Bunga
Koperasi PT Waskita Karya
Piutang Karyawan
Jumlah Pihak-Pihak Berelasi

Pihak-Pihak Ketiga
Lain-lain
Jumlah Pihak-Pihak Ketiga

Jumlah

36

(Lanjutan)
(Dalam Rupiah)
Saldo Awal Periode

Pemulihan Penyisihan
Penambahan Penyisihan
Saldo Akhir Periode
Piutang lain-lain PT Istaka Karya
Rp 64.169.976.914 merupakan piutang Perusahaan kepada
PT Istaka Karya
keputusan para Pemegang Saham PT Waskita Karya
(Persero) diluar RUPS Nomor KEP-83/MBU/2011 dan KEP-
PS04/PPA/0411 tanggal 1 April 2011. Pada tanggal 21 Mei
2011 Perusahaan menerima Surat Pengakuan Utang No.
L.05B/P/WK/2011 dan No. DU-SP/2011.01B dari PT Istaka
Karya (Persero) sebesar Rp 64.169.976.914.
Pada tanggal 12 April
bermohon kepada PT Waskita Karya (Persero) sesuai surat
Nomor: DK/2011-323 untuk menerbitkan Garansi Bank
proyek Bandar Lampung ByPass senilai Rp 10.661.885.000
dan biaya provisi penerbitan Garansi Bank sebesar
Rp 312.445.834. Pada tanggal 30 Maret 2012 telah dicairkan
Garansi Bank Nomor: 2011/JPU/GB/068/6148/Monday oleh
pemilik proyek, sehingga piutang PT Waskita Karya (Persero)
kepada PT Istaka Karya
Rp 75.144.307.748.
Masih terdapat Garansi Bank No. 2011/JPU/GB/067/7067
Sebesar Rp 4.109.673.300 yang belum dicairkan tetapi sudah
dilakukan pencadangan penurunan piutang tahun 2012.
Ketidakmampuan PT Istaka Karya (Persero) dalam memenuhi

pembayaran utangnya maka penyelesaiannya dilakukan
dengan cara Debt to Equity Swap, yaitu para kreditur
mendapat posisi sebagai pemegang ekuitas PT Istaka Karya
(Persero) sebagai pengganti pembayaran atas utang PT Istaka
Karya (Persero) kepada para kreditur.
Pada tanggal 23 Januari
Pengesahaan Perdamaian
No.23/PKPU/2012/PN.Niaga.Jkt.Pst.jo atas PT Istaka Karya
(Persero) yang menyatakan sebagai berikut:
Perjanjian Perdamaian tanggal 19 Desember 2012 sebagai
berikut:
a) Khusus hutang kreditur konkuren akan dilakukan
pembayaran sebagian diawal sebesar 3%;
b) Sisa hutang sebesar 97% dikonversi menjadi penyertaan
saham sementara tanpa hak suara, dan
c) Saham dapat ditarik kembali pada tahun ke 9 sesuai
dengan proyeksi PT Istaka Karya (Persero).
Pembayaran piutang akan dilakukan secara bertahap
ditahun ke 9 sampai maksimal 5 tahun.
37

(Lanjutan)
(Dalam Rupiah)
Pada 30 Juni 2013 dan 31 Desember 2012, Perusahaan
membukukan pencadangan penurunan piutang kepada
PT Istaka Karya (Persero) sebesar Rp 47.552.388.629 atau
sebesar 60% dari nilai piutang.
Piutang bunga adalah piutang bunga Promissory Notes pada
PT Perusahaan Pengelola Aset periode Juli 2012 sampai
dengan Desember 2012.
Piutang lain-lain Perusahaan merupakan biaya provisi/bank
garansi yang dibayar terlebih dahulu oleh Perusahaan atas
Kredit Modal Kerja (KMK) untuk subkontraktor.
Manajemen berkeyakinan bahwa jumlah penyisihan

penurunan nilai piutang cukup untuk menutupi kemungkinan
tidak tertagihnya piutang lain-lain di kemudian hari.
8. Persediaan
30 Juni 2013/
June 30, 2013
Rp
Persediaan Bahan Baku Kontruksi 489,322,026,641
Persediaan Beton Precast 41,053,869,518
Persediaan Tanah Kavling 598,345,228
Persediaan Rumah Sarana Papan 795,739,844
Jumlah
Dikurangi: Penurunan Nilai Persediaan --
Jumlah 531,769,981,231
Persediaan bahan baku konstruksi merupakan persediaan
material dan perlengkapan proyek yang masih tersedia di
gudang proyek yang dimiliki oleh Perusahaan. Persediaan at
material terdiri dari persediaan besi, semen, solar, tiang
pancang, keramik/marmer, traveler form, geotextile, aspal
dan batu.
Persediaan tanah kavling merupakan persediaan tanah
Perusahaan di Perumahan Bukit Diponegoro (Semarang)
yang memiliki luas tanah sebesar 2.712 m2 dengan status
kepemilikan tanah sertifikat Hak Guna Bangunan (HGB)).
Persediaan precast merupakan persediaan produk beton
unit usaha precast yang terdiri dari persediaan barang jadi
produk beton, persediaan bahan baku dan bahan penolong
serta persediaan bahan dalam proses.
the process.
38

(Lanjutan)
(Dalam Rupiah)
persediaan pada 30 Juni

Desember 2012 sebesar Rp 2.802.733.157.
menjual barang jadi.

9. Tagihan Bruto Kepada Pengguna Jasa
31 Desember 2012 adalah sebagai berikut.
Nilai Piutang
Pihak-pihak Ketiga
Nilai Piutang
Jumlah Pihak-pihak Ketiga
Jumlah Tagihan Bruto
sebagai berikut:
Tagihan Bruto Pihak-Pihak Berelasi

PT Angkasa Pura I (Persero)
PT Perusahaan Listrik Negara (Persero)
PT Jasa Marga Bali Tol
PT Trans Marga Jateng
PT Pelabuhan Indonesia II (Persero)
PT Hotel Indonesia Natour (Persero)
PT Jasa Marga (Persero) Tbk
PT Bukit Asam (Persero)
PT Transmarga Jatim Pasuruan
PT Dok Kodja Bahari (Persero)
PT Krakatau Bandar Samudera (KBS)
PT Pertamedika Sentul
PT Trans Lingkar Kita Jaya
39

(Lanjutan)
(Dalam Rupiah)
30 Juni 2013/
June 30, 2013
Rp
PT Semen Padang (Persero) --
PT Angkasa Pura II (Persero) --
PT Krakatau Steel (Persero) Tbk --
PT Pertamina (Persero) --
PT Rekayasa Industri (Persero) 13,870,163,105
PT Kereta Api (Persero) 12,850,990,964
Jumlah Tagihan Bruto Pihak-Pihak Berelasi 834,754,804,746
834,754,804,746
Rincian saldo Tagihan Bruto Kepada Pihak-pihak Ketiga
sebagai berikut:
30 Juni 2013/
June 30, 2013
Rp
Tagihan Bruto Pihak-Pihak Ketiga
Pemerintah-pemerintah Daerah 544,666,390,225
PT BPD Riau 202,468,998,182
PT Basko Minang 112,536,182,501
Universitas Indonesia --
PT Pardika Wisthi Sarana 24,875,234,696
PT Tapin Coal Terminal --
PT Marga Linkar Jakarta 30,823,022,789
PT Broadbiz Asia 17,372,823,409
PT Putera Mataram Indah Wisata 19,543,699,607
PT Sumber Mesin Raya 26,057,889,137
PT Patria Maritim Industry 10,671,087,981
PT Inti Utama Dharma RE 15,494,356,374
Kopkar PT IDEC AWI Tarakan 13,558,284,560
PT Indonesian Paradise Island 13,441,919,499
Bin Laden Contractor Group LLC 29,244,514,140
PT Adhitya Serayakorita --
Universitas Negeri Semarang 10,188,717,989
PT Multi Artha Pratama --
PT Sari Dumai Sejati (SDS) 9,786,939,873
PT Saipem Indonesia --
PT Pandan Harum Medika --
PT Trans Heksa Karawang --
Hubei Hongyuan Power Engineering,
Co. Ltd. --
PT Magna Terra --
Kementerian Perhubungan 14,718,810,829
Badan Nasional Penanggulangan Bencana 20,974,404,220
PT Ade Pede Realty 18,338,460,000
PT Prolindo Cipta Nusantara 12,717,472,863
Jumlah Tagihan Bruto Pihak-Pihak Ketiga 1,911,927,970,483
40

(Lanjutan)
(Dalam Rupiah)
Mutasi penyisihan penurunan nilai tagihan bruto adalah
sebagai berikut:
30 Juni 2013/
June 30, 2013
Rp
Saldo Awal Periode -15,734,738,162
Pemulihan Penyisihan --
Penambahan Penyisihan --
Saldo Akhir Periode -15,734,738,162
Penyisihan penurunan nilai tagihan bruto sampai dengan 30

Juni 2013 adalah nihil. Pada 30 Juni 2013 tidak terdapat The allowance for impairment losses of gross amount due
pemulihan tagihan bruto. from customers until June 30, 2013 is nil. As of June 30,
2013 there is no recovery of gross amount due from
customers.
perusahaan lainnya.
tidak tertagihnya tagihan bruto di kemudian hari.
2013 adalah sebagai berikut:

1 PT Bank Pembangunan Daerah Riau
Proyek Menara Dang Merdu
Rp 195.426.363.636.
menjadi sebesar Rp 202.503.636.364.
sesuai surat dari Bank Riau No. 1218/DIR/2012 tanggal

20 Juli 2012.
41

(Lanjutan)
(Dalam Rupiah)
Perusahaan telah mengajukan permohonan arbitrase ke
Badan Arbitrase Nasional Indonesia
pemohon untuk diadakan arbitrase melawan PT Bank
Riau Kepri sebagai termohon atas penyelesaian
pekerjaan proyek pembangunan Menara Dang Merdu
(Catatan 43.7).
2 PT Jasamarga Bali Tol - Proyek Tol Benoa Paket 2
Perusahaan memperoleh kontrak pekerjaan untuk

Pembangunan Tol Benoa Paket 2 Nomor: 002/SPP-
JBT/2012, tanggal 8 Pebruari
sebesar Rp 313.747.274.000.
3 PT Jasa Marga Bali Tol - Proyek Tol Benoa Paket 4
Pembangunan Jalan Tol Benoa Paket 4 No. 004/SPP-
JBT/2012 tanggal 8 Pebruari
sebesar Rp 417.851.952.727.
4 PT Angkasa Pura I (Persero)
Djuanda
Perusahaan memperoleh kontrak Pembangunan
Bandara Djuanda Nomor
dengan nilai sebesar Rp 352.909.091.000. tanggal 9
September 2011.
Tanjung Priok 1
Perusahaan memperoleh
Pembangunan Dermaga Tanjung Priok
HK.556/1/15/C.Tpk-12 pada tanggal
dengan nilai sebesar Rp 62.272.727.273.
6 Satuan Kerja Pelaksanaan Jalan Nasional Wilayah
IV Propinsi Papua
Pembangunan Jalan Habema - Mugi (MYC)
Pembangunan Jalan Habema
KU.08.08/PJN-WIL.IV/PPK-19/145, pada tanggal
Oktober 2012 sebesar Rp 261.969.756.364.
7 SNVT Pelaksanaan Jaringan Sungai Air Citarum
Proyek Citarum Paket V
Perusahaan mendapatkan
Pembangunan Citarum Paket V Nomor HK.02.03/PPK-
SP.I/SNVT-PJSA/11 tanggal 1 Nopember 2011 dengan
nilai kontrak sebesar Rp
addendum I, kontrak nomor HK.02.03/PPK-SP.I/SNVT-
PJSA/11-Add.1 dengan perubahan nilai kontrak menjadi
Rp 212.850.176.364.
42
(Lanjutan)
(Dalam Rupiah)
8
Pesanggrahan Paket 1
Perusahaan
Oktober
Rp 310.943.778.182.
10. Perpajakan
a.
Pajak Dibayar di muka

Pasal 22-Tahun 2013
Pasal 22-Tahun 2012
Pasal 23-Tahun 2012
Jumlah
b.
Utang Pajak
Pasal 21
Pasal 22
Pasal 23
Pajak Pertambahan Nilai
Liabilitas Pajak Kini
Pasal 4 (2)-Final
Pajak Kini Non Final
Jumlah
c. Beban Pajak
Pajak Kini
Pajak atas Pendapatan Final
Jumlah Beban Pajak
43
(Lanjutan)
(Dalam Rupiah)
d. Pajak Tangguhan
e. Surat Ketetapan Pajak
ketetapan pajak dari kantor pajak.
Desember 2009:
2012
No/ Jenis Pajak /
Number Type of Taxes
1 PPN/VAT
2 PPN/VAT
3 PPN/VAT
8 PPN/VAT
9 PPN/VAT
10 PPN/VAT
11 PPN/VAT
12 PPN/VAT
Jumlah
Uang Muka Pihak Ketiga
Biaya Dibayar Dimuka
Sewa Rumah Jangka Pendek
Restitusi PPN KSO
Jumlah
kepada pihak ketiga tersebut.
berjalan pada saat proyek sudah beroperasi.
44

(Lanjutan)
(Dalam Rupiah)
12. Aset Keuangan Dimiliki Hingga Jatuh Tempo
Perusahaan memiliki Promissory Notes yang diterbitkan oleh
PT PPA (Persero) tanggal 22 Juli 2011 senilai Rp 175 Milyar,
sesuai surat utang No. SU-01/PPA/0711 dengan bunga 3%
dan jangka waktu 2 (dua) tahun, sampai dengan tanggal 22
Juli 2013.
13. Aset Ventura bersama
Rincian saldo aset ventura bersama pihak-pihak berelasi
sebagai berikut:
Proyek/
Projects
Pihak Berelasi / Related Parties

KSO Waskita - PP Pandan Duri II
KSO Waskita - Wika - PP - HK Jembt. Siak IV
KSO Waskita - Adhi BPK RI
KSO Waskita - Adhi - PP Jatigede Sumedang
KSO Waskita - Brantas Sabo Dam Merapi
KSO Waskita - Brantas Bendung Gerak Tempe
KSO Waskita - Brantas Jembatan Merah Putih
KSO Waskita - Brantas - Wika Kali Lamong
KSO Waskita - Brantas - Wika Klawing
KSO Waskita - Indah Karya Jl. SS Karawang
KSO Waskita - Adhi - HK - Wika Bendung Gerak Sembayat
KSO Waskita - PP - Hutama Bendung Sei Ular Paket 7
KSO Waskita - Adhi Irigasi Sampean (Pirimp) Situbondo
KSO Waskita - PP Bendung Batang Sinamar
KSO Waskita - Adhi - Hutama Sabo Dam Paket 1
KSO Waskita - Adhi Suramadu CIC
KSO Waskita - Brantas Jembt. Kelok 9
KSO Waskita - Adhi Waduk Jatibarang
KSO Waskita - PP - Wika Bendung Sei Ular
KSO Waskita - Brantas Ciasem Pamanukan
Jumlah Pihak Berelasi / Total Related Parties
Rincian saldo aset ventura bersama pihak-pihak ketiga
sebagai berikut:
Proyek/
Projects
Pihak Ketiga / Third Parties

KSO Waskita - Triniti Alam Sutra
KSO Waskita - JPC SMM Muara Teweh Div.2
KSO Waskita - Yasa Bandara Kuala namu
KSO Waskita - Wika - PP - Jaya Gd. Terminal 3
KSO Waskita - Baswara - Mahir Jaya Tulur Aji Jangkat
KSO Waskita - Luhribu Reservoir Bdg MA Kayu
KSO Waskita - Sinar Intan PDAM Tanah Grogot
KSO Waskita - Usaha Batanghari Jembt. Muara Sabak
KSO Waskita - Perdasa - Buluh - Larasati Jl. Talisayan - Batu Lepok
45

(Lanjutan)
(Dalam Rupiah)
Proyek/
Projects
KSO Waskita - Usaha Batanghari FO Jl. Gajah Mada - Juanda
KSO Waskita - CPA Spam Samarinda Utara
KSO Waskita - ZUG PLTU Rote
KSO Waskita - Jaya - Nusantara Jl. Arteri Siring - Porong Paket 1
KSO Waskita - Mitra Statika Jalan Sicincin - Malalak
KSO Waskita - IHC Pengadaan Dredger
KSO Waskita - Menumbang Jaya SMK N 2 Palembang
KSO Waskita - JPC SMM Muara Taweh
KSO Waskita - Nindya - Sacna Irigasi Sapon
KSO Waskita - Modern Dermaga Peti Kemas (CY-01)
KSO Waskita - Tepat Guna Pelebaran Jl Ampenan-Pemenang
KSO Waskita - Rindang Jl T Besar Bujung Tenuk
KSO Waskita - Adi Jaya Lima Pradana Pengendalian Sedimen Bawakaraen
KSO Waskita - Tirta Struktur Dalam Jl. Pontianak
KSO Waskita - Bugak Brawang Pasar Atjeh Phase IV Thp II
KSO Waskita - Indopenta Drainase Pekalongan
KSO Waskita - Bugak Brawang Pasar Atjeh Phase VI
KSO Waskita - Cipta Aneka Spam Pasuruan
KSO Waskita - Larasati Sesayap Tanah Tidung
KSO Waskita - Panca Duta Peningktn Jln Kambuaya-Klamono
KSO Waskita - CPA Sandai Nanga Tayap Kalbar
KSO Waskita - Eka Praya Jl. Akses Bill Thp II
KSO Waskita - Kumodo Intan Waduk Rajui
KSO Waskita - Wika - Shanghai Jl. Tol Cisumdawu
KSO Waskita - Feberco PLN Curup
KSO Waskita - Subanus Pantai Kaur
KSO Waskita - Siwa Prestasi Faspela Pantoloan 2013
KSO Waskita - Pakabea Bendung Lhok Naga I
KSO Waskita - Pakabea Bendung Lhok Naga II
KSO Waskita - Conblok Beno Simpang Libas
KSO Waskita - Panca Duta Kantor Gubernur Monokwari
KSO Waskita - Passokorang Jalan Salubatu - Aralle III
KSO Waskita - Paesa Pasindo Pasar Atjeh Phase II Paket 5
KSO Waskita - Bugak Brawang Pasar Aceh
KSO Waskita - Larasati Pengend Banjir Karang Asam
KSO Waskita - Pangkho BNN Makassar
KSO Waskita - Kega Harris Hotel Yogya
KSO Waskita - Kajima E2 Cilincing - Jampea
KSO Waskita - PAL PLTU Malinau
KSO Waskita - Rimba - Marinda Tol Balikpapan-Samarinda
Jumlah Pihak Ketiga / Total Third Parties
Jumlah/ Total
Perusahaan melakukan perjanjian kerjasama dengan
berbagai pihak sebagaimana tersebut pada masing-masing
perjanjian, berupa penyerahan dana kepada pengelola
sesuai kewajiban yang tertuang dalam perjanjian kerjasama
menurut porsi yang ditetapkan. Pengelola proyek dibentuk
dengan anggota yang berasal dari masing-masing pihak
yang melakukan perjanjian kerjasama. Pengelola proyek
melaksanakan kegiatan pembangunan proyek dan
bertanggung jawab sepenuhnya terhadap seluruh kegiatan
tersebut termasuk laporan pertanggungjawaban keuangan
kepada masing-masing pihak yang melakukan perjanjian
kerjasama
46
(Lanjutan)
(Dalam Rupiah)
1 Waskita
Lamong
April
2
Taweh
Juni
Juli
PT Waskita Karya
4 Waskita
5
April
PT Wijaya Karya (Persero) Tbk 43%.
47
(Lanjutan)
(Dalam Rupiah)
7
Bendungan Pandanduri
Juni
Tbk 49%.
8
9 Waskita
Pengadaan Dredger
Dredgers BV 1%.
10
PT Wijaya Karya
11
Juni
Provinsi
12
Dember
membentuk
70% dan 30%.
48

(Lanjutan)
(Dalam Rupiah)
13 Waskita - Luhbiru - Proyek Pembangunan Turap/Sheet
Berdasarkan Perjanjian Kerjasama Operasi tanggal
Maret 2011 terbentuk Kerjasama Operasi (KSO) untuk
melaksanakan Proyek Pembangunan Turap/Sheet di
Propinsi
penyertaan PT Waskita Karya (Persero) sebesar 55%
dan PT Luhbiru Naga Jaya sebesar 45%.
14 Waskita - Kega - Proyek Pembangunan Hotel Harris
Yogya
Pebrari 2011, Perusahaan dengan PT Kega Kharisma
Utama membentuk Kerjasama Operasi
melaksanakan Pembangunan Hotel Harris Yogyakarta di
Propinsi DIY Yogyakarta, dengan pembagian penyertaan
masing-masing sebesar 70% dan 30%.
15 Waskita - Yasa - Proyek Bandara Kualanamu
Berdasarkan Perjanjian Kerjsama Opertasi tanggal 17
Desember
Perkasa membentuk Kerjasama Operasi (KSO) untuk
melaksanakan Proyek Pekerjaan Pembanguanan
Bandara Udara Baru Kualanmu Propinsi Sumatera
Utara dengan pembagian penyertaan masing-masing
sebesar 70% dan 30%.
16 Waskita - HK - PP - Proyek Jembatan Siak IV
Berdasarkan Perjanjian Kerjsama Operasi tanggal
Desember 2010 terbentuk Kerjasama Operasi (KSO)
untuk melaksanakan proyek Pembangunan Jembatan
Siak IV dan Jalan Akses Propinsi Riau dengan
pembagian masing-masing sebesar 40%, 35% dan 25%.
17 Waskita - Brantas - Proyek Bendung Gerak Tempe
Berdasarkan Perjanjian Kerjasama Operasi tanggal 29
Desember 2010 terbentuk Kerjasama Operasi (KSO)
untuk melaksanakan Proyek Bendung Gerak Tempe di
propinsi Sulawesa Selatan, dengan pembagian
penyertaan PT Waskita Karya (Persero) sebesar 49,5%
dan PT Brantas Adipraya sebesar 50,5%.
18 Waskita - Adhi - Proyek Bendung Sei Ular
Berdasarkan Perjanjian Kerjsama Operasi tanggal
September 2010 Perusahaan dengan PT Adhi Karya
membentuk Kerjasama
melaksanakan proyek Bendung Sie Ular di Propinsi
Riau, dengan pembagian masing-masing sebesar 49%
dan 51%.
49
(Lanjutan)
(Dalam Rupiah)
PT Ismawa Trimitra (Persero)
Bagian Laba Bersih
Penerimaan Dividen
Total PT Ismawa Trimitra (Persero)
Perusahaan memiliki penyertaan sebesar
modal disetor PT Ismawa Trimitra
investasi diukur dengan biaya perolehan.
PT Citra Wasphutowa
Penambahan
Penerimaan Dividen
Total PT Citra Wasphutowa
PT Citra Wasphutowa
2012 telah
Rp
dilakukan tambahan modal sebesar Rp
2013 sebesar Rp 25.000.000.000.
Manajemen berpendapat tidak terdapat harga kuotasi Management believes there is no active market price
dipasar aktif atas nilai wajar investasi pada entitas asosiasi quotations in the fair value of long term investment and
dan teknik penilaian tidak dapat digunakan, sehingga nilai valuation techniques can not be used, so fair value of
wajar investasi diukur dengan biaya perolehan. the investment is measured at acquisition cost.
50

(Lanjutan)
(Dalam Rupiah)
16. Aset Tetap
Biaya Perolehan:
Tanah
Gedung
Perlengkapan Kantor
Peralatan Proyek
Peralatan Pabrik
Kendaraan
Jumlah
Akumulasi Penyusutan:
Gedung
Perlengkapan Kantor
Peralatan Proyek
Kendaraan
Jumlah
Nilai Buku
Nilai Buku
Biaya Perolehan:
Tanah
Gedung
Perlengkapan Kantor
Peralatan Proyek
Kendaraan
Jumlah
Akumulasi Penyusutan:
Gedung
Perlengkapan Kantor
Peralatan Proyek
Kendaraan
Aset tetap, berupa tanah
atas perolehan kredit dari bank. Sebagian tanah berikut
bangunannya dijadikan jaminan kepada Bank BNI (Catatan
18.1), Bank Mandiri (Catatan 18.2), Bank BRI (Catatan 18.4)
dan Indonesian Eximbank (Catatan
sebesar Rp 109.135.230.000,
Rp 16.186.000.000 dan Rp
keseluruhan Rp 137.224.230.000, dan nilai pasar tanah yang
dijaminkan sebesar Rp 155.424.200.
51

(Lanjutan)
(Dalam Rupiah)
Pada tahun 2013 terdapat pengurangan Aset tetap terutama
berupa aset milik proyek KSO. Pada 31 Desember 2012 aset
tetap tersebut digabung sebagai akibat penggunaan metode
konsolidasi proporsional atas perolehan proyek KSO sebelum
1 Januari 2012. Untuk menggambarkan asset tetap
Perusahaan yang sebenarnya maka aset tetap KSO tersebut
pada tahun 2013 dikeluarkan dari daftar asset tetap
Perusahaan.
Berikut beban depresiasi aset tetap per 30 Juni 2013 dan
2012 yaitu:
30 Juni 2013/
June 30, 2013
Rp
Beban Pokok Pendapatan (Catatan 32) 1,061,772,496
Beban Umum dan Administrasi (Catatan 34) 20,666,180,135
Jumlah 21,727,952,631
Penjualan aset tetap pada 30 Juni 2013 dan 31 Desember
Tahun/ Nilai Penjualan Aset Tetap/
Year
2012 (1 Tahun/1 Year) 110,100,000
2013 (6 Bulan/ 6 Months) 275,000,000
Aset gedung telah diasuransikan dengan nilai pertanggungan
sebesar Rp 77.536.310.000 terhadap risiko kebakaran dan
risiko lainnya kepada PT Asuransi Tripakarta dan PT Asuransi
Himalaya Pelindung untuk jenis pertanggungan property all
risk, gempa bumi, dan kebakaran.
Nama Asurandur /
Insurance Company
PT Asuransi Himalaya Pelindung 01/08/2012

PT Asuransi Himalaya Pelindung 01/08/2012
PT Asuransi Tri Pakarta 01/08/2012
Jumlah
Manajemen berpendapat bahwa nilai pertanggungan atas
aset tetap yang diasuransikan adalah cukup untuk menutup
kemungkinan kerugian yang terjadi.
17. Aset Lain-lain
30 Juni 2013/ 31 Desember 2012/

June 30, 2013
Rp
Beban Kontrak yang Ditangguhkan 20,069,882,556
Perangkat Lunak 9,435,894,563
Tanah dan Bangunan 1,890,993,032
Kontrak Sewa Jangka Panjang 2,282,444,056
Aset Tetap Tidak Digunakan Untuk Dijual 185,172,655
Jumlah 33,864,386,862
52

(Lanjutan)
(Dalam Rupiah)
Perangkat lunak merupakan pembayaran tahap III atas
pembelian ERP MS Dynamics AX2012 yaitu perangkat lunak
yang digunakan untuk mendukung kegiatan operasional
perusahaan.
Beban kontrak yang ditangguhkan merupakan beban yang
ditangguhkan atas proyek-proyek yang sedang berjalan, yang
akan dibebankan sebagai beban kontrak pada saat proyek
tersebut dilaksanakan.
Aset lain-lain tanah dan bangunan adalah sebagai berikut:
1. Tanah di Cengkareng senilai Rp
tersebut dibeli oleh Perusahaan pada tanggal
1991. Kemudian ditahun 1996 Perusahaan menyampaikan
Surat kepada Kepala Suku Dinas Tata Kota Jakarta Barat
mengenai peruntukkan tanah tersebut. Kemudian
Perusahaan memperoleh jawaban berdasarkan Surat
Pemerintah Kotamadya Jakarta Barat Suku Dinas Tata
Kota No 288/17125 tanggal
menyebutkan sesuai dengan Rencana Bagian Wilayah
Kota Kecamatan Kali deres tahun
tersebut diperuntukan untuk Penyempurnaan Hijau Umum
(PHU). Sehingga Perusahaan tidak dapat memproses
sertifikat kepemilikan lebih lanjut.
2. Apartemen berlokasi di Jalan K.H. Mansur Jakarta dengan
nilai sebesar Rp
merupakan kompensasi pembayaran piutang retensi dari
PT Sahid Inti Dinamika pada tanggal 22 Oktober 1997.
Apartemen tersebut telah dinilai oleh penilai properti
independen Toto Suharto dan Rekan melalui laporan tanggal
23 Januari
Penilaian tersebut menggunakan cara-cara penilaian yang
lazim, serta memperhatikan semua keterangan, faktor-faktor
yang terdapat dalam laporan ini dan berdasarkan pada
asumsi dan syarat-syarat pembatasan yang berlaku.
Perusahaan tidak menggunakan tanah dan apartemen
tersebut dalam proses produksi ataupun menyewakannya
kepada pihak ketiga, sehubungan aset tersebut tidak terkait
dengan kegiatan utama Perusahaan.
Perusahaan berpendapat bahwa apartemen tanah tersebut
tidak memenuhi kriteria untuk diklasifikasikan sebagai aset
tetap, sehingga mencatat aset tersebut diatas sebagai aset
lain-lain.
18. Pinjaman Bank Jangka Pendek
PT Indonesia EximBank
Jumlah Utang Bank Pihak-pihak Berelasi
53

(Lanjutan)
(Dalam Rupiah)
30 Juni 2013/
June 30, 2013
Rp
Pihak-pihak Ketiga
PT BPD Jabar dan Banten --
PT Bank Panin Tbk 150,000,000,000
PT Bank UOB 179,171,948,087
Jumlah Utang Bank Pihak-pihak Ketiga 329,171,948,087
Jumlah 1,526,164,310,772
1. PT Bank Negara Indonesia (Persero) Tbk
Perusahaan memperoleh fasilitas kredit dari PT Bank
Negara Indonesia (Persero) Tbk sebagai berikut:
a. Kredit Modal Kerja Revolving Rp 200.000.000.000
b. Kredit Modal Transaksional Rp 800.000.000.000
c. Bank Garansi Rp 3.000.000.000.000

d. Letter of Credit (L/C) atau SKBDN USD 40.000.000.
Fasilitas tersebut jatuh tempo tanggal 27 Desember

2011 sesuai surat KPS/2.1/139/R tanggal 12 Oktober
2011 dan telah di perpanjang sesuai surat BIN/1.2/009/R
tanggal 10 Januari 2012. Kemudian fasilitas tersebut
telah diperpanjang dan akan jatuh tempo tanggal 26
Maret 2014. Atas pinjaman tersebut Perusahaan
dikenakan bunga sebesar 9% per tahun. Fasilitas
pinjaman ini dijamin dan diikat dengan :
a. Barang-barang stock telah diikat fidusia akta nomor
5 tanggal 13 Agustus 1998 dan telah didaftarkan di
Kantor Pendaftaran Fidusia. Sertifikat Jaminan
Fidusia No C2-4831 HT.04.06.TH.2001/NTSD
tanggal 26 Januari 2001.
b. Satu bidang tanah SHGB No 2001 tanggal 1 Juni
2006 dan berakhir haknya pada tanggal 1 Januari
2026, seluas 5.798 m2, terletak di Desa Kuta Alam,
Banda Aceh, Aceh, a.n. PT Waskita Karya (Persero)
senilai Rp 5.191.600.000 sesuai dengan Sertifikat
Hak Tanah (SHT) I No. 323.
c. Satu bidang tangah SHGB No 724 tanggal 29 Maret

1988 s/d 1 Desember 2027 seluas 2.098 m2 terletak
di Kelurahan Cipinang Cempedak, Kec. Jatinegara,
Jakarta Timur, a.n. PT Waskita karya (Persero) senilai
Rp 1.500.000.000 sesuai dengan SHT No.397/T/1988
dan senilai Rp 31.000.000.000 sesuai dengan SHT.II
No.408/2004.
according to SHT .II No.408/2004.
54
(Lanjutan)
(Dalam Rupiah)
2003 s/d
Karya (Persero)
e. Satu bidang tanah SHGB No.

tanggal
1989 s/d
terletak di Desa
S.Hip. No.
Rp
407/2004.
PT Waskita
Rp
3129/2001 dan senilai Rp
i.
senilai Rp
dengan SHT.II.No. 169/2007.
j. Satu bidang tanah SHGB No.

PT Waskita
2952/2007.
55
(Lanjutan)
(Dalam Rupiah)
Rp
dengan SHT.II.
l.
sampai dengan
a.n. PT
No. 239/2007.
a.n.
senilai
No. 240/2007.
o.
PT Waskita Karya
Rp
375/2001.
p.
PT Waskita Karya
No. 238/2007.
q.
sesuai dengan SHT.I.No.

Rp
r.
1988 sampai dengan
PT Waskita
Rp
56

(Lanjutan)
(Dalam Rupiah)
s. Satu bidang tanah SHGB No. 1 tanggal 7 Januari
1992 sampai dengan 28 Desember 2020, seluas
4.040 m2, terletak di Desa Cileunyi Wetan,
Kecamatan Cileunyi, Kabupaten Bandung, Jawa
Barat, a.n. PT Waskita Karya
Rp 1.516.520.000,
SHT.I.No.2927/2001 dan senilai Rp
sesuai dengan SHT.II.No. 1613/2007.
Tanah yang dijaminkan termasuk bangunan dan
segala sesuatu yang berada di atas tanah tersebut,
baik yang telah ada maupun yang akan ada.
t. Kendaraan bermotor berupa 2 Toyota New Camry
tahun
Pemberian Jaminan Fidusia atas Kendaraan nomor
(3) 18 tanggal 6 Pebruari 2012.
u. Deposito berjangka a.n. PT Waskita Karya (Persero)
yang ditempatkan di BNI senilai Rp 5.469.000.000,
dengan bilyet Deposito No. Seri AA 548877 tgl 23
Nopember 2004 diikat secara gadai sesuai Perjanjian
Gadai no. 2005.002 tanggal
(Catatan 4).
v. Deposito berjangka a.n. PT Waskita Karya (Persero)
yang ditempatkan senilai Rp 8.143.200.000, dengan
bilyet Deposito No. Seri AB
Januari 2008/Gadai/002 tanggal
(Catatan 4).
w. Deposito berjangka a.n. PT Waskita Karya (Persero)
yang ditempatkan senilai Rp 2.215.733.745, dengan
bilyet Deposito No. Seri PAA
0361348 sesuai Surat No. 538/BK/WK/2011 tanggal
27 Mei 2011 (Catatan 4).
Perjanjian ini juga mencakup batasan-batasan yang
tidak diperkenankan dilakukan oleh Perusahaan tanpa
persetujuan tertulis terlebih dahulu dari Bank antara lain;
melakukan perubahan kegiatan usaha; menjual atau
memindahkan hak atau mengalihkan seluruh atau
sebagian kekayaan/aset milik dalam satu transaksi atau
dalam beberapa transaksi kecuali; menjual atau
mengalihkan aset kecuali yang bersifat arm’s length;
menjual atau mengalihkan aset sebagai ganti atau
digantikan aset lainnya yang sebanding atau lebih baik
tipe sifat dan kualitasnya; menjual atau mengalihkan
aset dalam rangka pelaksanaan reorganisasi oleh
Pemerintah Republik Indonesia sepanjang penjualan
aset tersebut tidak mempunyai akibat material;
melakukan peleburan penggabungan pemisahan
pembubaran perseroan maupun rekonstruksi selain
daripada reorganisasi yang dapat dilakukan oleh
Pemerintah Republik Indonesia sepanjang tidak memiliki
akibat material; tindakan korporasi dengan anggota
lain dengan ketentuan bahwa tindakan korporasi
tersebut dilakukan dengan syarat akan menjadi badan
hukum yang bertahan (surviving legal entity); melakukan
perubahan anggaran dasar yang dapat menimbulkan
akibat material; mengajukan permohonan pailit atau
permohonan penundaan kewajiban pembayaran hutang
kepada instansi yang berwenang.
57
(Lanjutan)
(Dalam Rupiah)
2
f.
2011
b. 3
Perjanjian ini juga mencakup batasan-batasan yang This agreement also includes restrictions that are not
tidak diperkenankan dilakukan oleh Perusahaan tanpa allowed to be done by the Company without the prior
persetujuan tertulis terlebih dahulu dari Bank antara written consent of the Bank, among others; transfer
lain; memindah
memperoleh fasilitas kredit atau pinjaman lain dari other financial institutions including the bonds; bind
lembaga keuangan lain termasuk obligasi; mengikat itself as guarantor of the debt or pledge the Company’s
diri sebagai penjamin hutang atau menjaminkan harta assets that have pledged to another party; maintain
kekayaan perusahaan yang telah dijaminkan kepada the financial ratios of fixed assets to be acquired/
pihak lain; menjaga rasio keuangan aset tetap yang purchased by the Company in the future, it will be used
akan diperoleh/dibeli oleh Perusahaan di kemudian as collateral for loans in PT Bank Mandiri(Persero) Tbk;
hari, maka akan dijadikan agunan kredit di PT Bank
Mandiri (Persero); Perusahaan akan memprioritaskan
58
(Lanjutan)
(Dalam Rupiah)
raising fund di dalam negeri.
service coverage minimal
oleh Bank.
3 PT Bank Panin Tbk
Market sebesar Rp
sebesar Rp
pertahun.
merubah bidang/jenis
pembayaran atas hutang-hutangnya
59
PT WASKITA KARYA (PERSERO) Tbk PT WASKITA KARYA (PERSERO) Tbk

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan) (Continued)
Untuk Periode Enam Bulan yang Berakhir pada 30 Juni, For the Six Months Period Ended June 30, 2013 and
2013 dan Tahun yang Berakhir pada 31 Desember 2012 For the Year than Ended December 31, 2012
(Dalam Rupiah) (In Rupiah)
para pemegang saham dan atau para perseronya dalam the shareholders to withdraw the capital that has been
bentuk apapun juga yang sekarang telah ada maupun deposited, pledged or mortgaged of the Company’s
yang akan timbul dikemudian hari; melakukan merger shares.
atau penggabungan usaha sehingga merubah komposisi
kepemilikan saham; memperbolehkan pemegang saham
untuk menarik kembali modal yang telah disetor,
menjaminkan atau menggadaikan saham Perusahaan.
Perusahaan diwajibkan untuk mempertahankan rasio

keuangan sebagai berikut: Pinjaman berbunga dibagi
total ekuitas tidak melebihi 2,5 kali, EBITDA dibagi beban
bunga pinjaman lebih besar dari 2 kali dan aset lancar
dibagi liabilitas lancar lebih besar
pembatasan pinjaman bank dilaporkan oleh Perusahaan
setiap akhir tahun dan akan dievaluasi oleh Bank.
4 PT Bank Rakyat Indonesia (Persero) Tbk
Perusahaan memperoleh fasilitas Kredit Modal Kerja
Konstruksi Transaksional sebesar Rp 300 Milyar sesuai
surat nomor R.II.302-ADK/DKR/07/2012 tanggal 24 Juli
2012 dan fasilitas non cash loan Rp
Fasilitas tersebut dapat digunakan sampai dengan
tanggal 10 Juni 2013. Saat ini, fasilitas tersebut masih
dalam proses perpanjangan melalui surat No
533/WK/DIR/2013.
Total pinjaman kepada PT Bank Rakyat Indonesia Tbk
per 30 Juni 2013 adalah sebesar Rp 183.983.650.174.
Fasilitas pinjaman ini dijamin dan diikat dengan
sebidang tanah SHGB No.655 tanggal 7 Januari 1992
sampai dengan 28 Desember 2020 yang telah diikat
Hak Tanggungan dengan nilai 16.186.000.000.
mengajukan pernyataan kepailitan kepada pengadilan,
menyewakan aset yang dijaminkan kepada bank;
melakukan pembayaran bunga atas pinjaman pemegang
saham.
Perusahaan diwajibkan untuk mempertahankan current
ratio minimal
pinjaman bank dilaporkan oleh Perusahaan setiap akhir
tahun dan akan dievaluasi oleh Bank.
5 PT Indonesia EximBank
Perusahaan memperoleh fasilitas Kredit Modal Kerja
export (KMKE) dan atau fasilitas Penjaminan Indonesia
Eximbank sebesar Rp 500.000.000.000 dapat digunakan
untuk fasillitas penjaminan dengan limit maksimal
sebesar Rp
BS.0031/ASR/03/2013 tanggal 21 Maret 2013. Fasilitas
tersebut dapat digunakan sampai dengan tanggal 25
Pebruari 2014. Atas pinjaman tersebut dikenakan bunga
sebesar 8% per tahun.
60
(Lanjutan)
(Dalam Rupiah)
5
kekayaan kepada pihak lain.
equity ratio maksimal
6 PT BPD Jabar dan Banten Tbk
Desember 2013.
Pada 30 Juni 2013, Perusahaan belum menggunakan As of June 30, 2013, the Company has not been used
fasilitas pinjaman tersebut.
kredit kepada
61

yang sudah diserahkan sebagai Agunan kepada Kreditur Debtor's business; to give up some or all of the rights and
selain dalam rangka memperdagangkan hasil produksi, obligations of the credit facility or to another party.
meminjamkan uang kepada siapapun juga, kecuali
akibat kegiatan usaha yang normal dalam usaha
Debitur; menyerahkan sebagian atau seluruh hak dan
atau kewajiban atas fasilitas kredit kepada pihak lain.
7 PT Bank UOB Indonesia
Loan sebesar Rp
tanggal 10 April
arbitrase atau
permintaan bank.
oleh Bank.
Seluruh tagihan proyek
Indonesia adalah sebesar Rp

(Catatan 5).
62

19. Utang Usaha 19. Accounts Payable
30 Juni 2013/ 31 Desember 2012/

June 30, 2013 December 31, 2012
Rp
Pemasok 855,191,218,474
Subkontraktor 459,739,031,557
Ventura Bersama 457,068,893,285
Sewa Alat 52,081,749,546
Upah Kerja 33,956,173,864
Lain-lain 19,253,745,594
Jumlah 1,877,290,812,320
20. Utang Bruto pada Pihak-pihak Ketiga
Utang bruto kepada sub kontraktor merupakan utang
Perusahaan yang berasal dari pekerjaan yang diakui sesuai
dengan metode persentase penyelesaian yang dinyatakan
dalam Berita Acara Penyelesaian Pekerjaan, namun belum
diterbitkan faktur karena perbedaan antara tanggal berita
acara fisik dengan pengajuan penagihan pada tanggal
neraca. Utang bruto kepada sub kontraktor per 30 Juni
2013 dan 31 Desember 2012 adalah sebagai berikut:
2013 and December 31, 2012 were as follows:
30 Juni 2013/
31 Desember 2012/
June 30, 2013
December 31, 2012
Rp
Divisi Gedung 382,915,048,944
Divisi Sipil 267,024,816,619
Divisi Regional I 73,175,774,743
Divisi Regional II 64,807,660,909
Divisi Regional III 38,814,955,911
Divisi Regional IV 38,608,551,983
Divisi EPC 11,337,976,320
Divisi I --
Divisi II --
Divisi III --
Divisi IV --
Divisi V --
Divisi VI --
Divisi VII --
Jumlah 876,684,785,429
63

(Lanjutan)
(Dalam Rupiah)
21. Uang Muka Kontrak Jangka Pendek
30 Juni 2013/
June 30, 2013
Rp
Divisi Gedung 170,469,532,430
Divisi Sipil 68,565,367,068
Divisi EPC 16,412,334,365
Divisi I --
Divisi II --
Divisi III --
Divisi IV --
Divisi V --
Divisi VI --
Divisi VII --
Jumlah 558,309,743,624
Uang muka kontrak diterima merupakan uang muka
pelaksanaan proyek yang diterima dari pemberi kerja sesuai
kontrak pekerjaan konstruksi jangka pendek, uang muka
tersebut akan dikompensasikan dengan progress pekerjaan
dan termin pembayaran sesuai dengan progres lapangan.
22. Beban Masih Harus Dibayar
30 Juni 2013/
31 Desember 2012/
June 30, 2013
December 31, 2012
Rp
Beban Bunga Obligasi 5,227,083,333
Beban Umum 7,885,141,493
Beban Pegawai 1,090,390,827
Beban Kantor 1,029,559,885
Beban Operasional Proyek 339,131,648
Beban Gedung 4,500,000
Jumlah 15,575,807,186
23. Liabilitas Jangka Pendek Lainnya
30 Juni 2013/
June 30, 2013
Rp
Jasa Produksi dan Tantiem
Iuran Dana Pensiun 3,312,685,414
Jamsostek 449,716,174
Jaminan Sewa Gedung 108,589,627
Jumlah 3,870,991,215
64

(Lanjutan)
(Dalam Rupiah)
24. Uang Muka Kontrak Jangka Panjang
Rincian saldo uang muka kontrak jangka panjang sebagai
berikut :
PT PLN (Persero)
Jumlah Uang Muka Jangka Panjang Pihak-pihak Berelasi
Pihak-pihak Ketiga
Pemerintah-Pemerintah Daerah
Hubei Hongyuan Power Engineering, CO. Ltd
Kementerian Pekerjaan Umum
PT Mega Pesanggrahan Indah
PT Metro Wisata Raya
PT Pardika Wisthi Sarana
PT Mandara Permai
Lainnya (di bawah Rp 2 Milyar)
Jumlah Uang Muka Jangka Panjang Pihak-pihak Ketiga
Jumlah
25. Utang Obligasi
Nominal
Akumulasi Amortisasi
Jumlah
Dikurangi : Akumulasi Amortisasi
Biaya Emisi Obligasi Belum Diamortisasi
Berdasarkan Akta Perjanjian Perwaliamanatan No.
11 tanggal 4 April 2012 juncto Akta Perubahan I Perjanjian
Perwaliamanatan No. 98 tanggal 26 April 2012 juncto Akta
Perubahan II Perjanjian Perwaliamantan No.
23 Mei 2012 yang ketiganya dibuat di hadapan Fathiah
Helmi, S.H., Perusahaan telah menerbitkan
Waskita Karya Tahun 2012 Dengan Tingkat Bunga Tetap”
senilai Rp 750.000.000.000 dengan perincian sebagai
berikut:
Seri A : Obligasi dengan tingkat suku bunga tetap sebesar
8,75% (delapan koma tujuh lima persen) per
tahun dengan jangka waktu 3 (tiga) tahun. Jumlah
pokok Obliasi Seri A yang ditawarkan adalah
sebesar Rp 75.000.000.000
miliar Rupiah)
65

(Lanjutan)
(Dalam Rupiah)
Seri B : Obligasi dengan tingkat suku bunga tetap
sebesar 9%
persen) per tahun dengan jangka waktu 5 (lima)
tahun. Jumlah pokok Obligasi seri B yang
ditawarkan adalah sebesar Rp 675.000.000.000
(enam ratus tujuh puluh lima milyar Rupiah).
Bunga obligasi dibayarkan setiap
dengan tanggal pembayaran masing-masing bunga
obligasi. Pembayaran bunga obligasi Seri A dan Seri B
pertama akan dilakukan pada tanggal 5 September 2012.
Obligasi Seri A akan jatuh tempo pada tanggal 5 Juni 2015
dan Seri B akan jatuh tempo pada tanggal 5 Juni 2017.
Pemeringkatan atas efek utang jangka panjang (obligasi)
dari PT Pemeringkat Efek Indonesia (Pefindo) yaitu A-
(Single A minus). Sebagai jaminan penerbitan obligasi
adalah piutang performing dari proyek-proyek dengan nilai
nominal 120% (seratus dua puluh persen) dari nilai Pokok
Obligasi.
Biaya Emisi Obligasi II sebesar Rp
diamortisasi setiap bulan sampai dengan jatuh tempo masa
Obligasi II tahun 2017.
Berdasarkan surat No.
Maret 2013, Panitia Pemeringat PT PEFINDO menaikkan
peringkat dari A- menjadi A (Single A) terhadap Obligasi II
Seri A dan Seri B Tahun 2012 PT Waskita Karya (Persero)
Tbk.
Utang obligasi mencakup persyaratan tertentu antara lain:
- Current ratio tidak kurang dari 1 : 1 (satu berbanding
satu);
- Debt to Equity tidak lebih dari 3 : 1 (tiga koma lima
berbanding satu), dan
- EBITDA dengan Beban Bunga Pinjaman tidak kurang
dari 1,5 : 1 (satu koma lima berbanding satu).
Evaluasi pemenuhan atas persyaratan rasio dari
penerbitan obligasi pada setiap akhir tahun.
26. Liabilitas Manfaat Karyawan
Perusahaan telah membukukan liabilitas manfaat karyawan
sesuai dengan Undang-Undang nomor
tentang Ketenagakerjaan, menggunakan teknik aktuarial,
dalam rangka penerapan PSAK nomor 24 (Revisi 2004)
tentang Imbalan Kerja.
Pada tahun 2006, Perusahaan menandatangani perjanjian
kerja sama nomor WK: L.20/P/WK/2006 dan nomor AJS:
079.SJ.U 076 antara PT Waskita Karya (Persero) dan PT
Asuransi Jiwasraya (Persero) tanggal 28 Juli 2006 tentang
Pengelolaan Program Asuransi Pesangon Kumpulan dan
Addendum I Perjanjian Kerjasama No. L. 20/P/WK/2006;
No. 079 Sj. U. 0706 tanggal 25 April 2008.
Asumsi aktuarial pada tahun
berikut:
66

(Lanjutan)
(Dalam Rupiah)
Mortalitas (Mortality Rate)

Tingkat Kenaikan Gaji - per Tahun
Tingkat Bunga/Diskonto (Interest Rate)
Metode
Liabitas manfaat karyawan pada 30 Juni
Desember 2012 adalah surplus atau menjadi Aset Program.
Tidak terdapat manfaat ekonomis yang tersedia dalam
bentuk pengembalian dana dari program atau pengurangan
iuran masa datang, sehingga Aset Program tersebut tidak
dibukukan oleh Perusahaan.
Rekonsiliasi Kewajiban (Aset)
31 Desember 2012/
December 31, 2012
Rp
Nilai Kini Kewajiban Imbalan Kerja 161,703,789,500
Nilai Wajar Aktiva Program -115,943,902,952
Status Pendanaan 45,759,886,548
Keuntungan (Kerugian) Bersih Aktuaria yang Belum Diakui -79,128,562,772
Liabilitas (Aset) Program -33,368,676,224
27. Modal Saham
a. Modal Saham
Sesuai dengan daftar pemegang saham yang dikeluarkan
oleh Biro Administrasi Efek Perusahaan, PT Datindo
Entrycom. Susunan pemegang saham Perusahaan per 30
Juni 2013 adalah sebagai berikut:
Modal Dasar
Saham Preferen (Seri A Dwiwarna)
Pemerintah Republik Indonesia
Saham Biasa (Seri B)
Karyawan
Masyarakat
Jumlah Modal Ditempatkan dan Disetor Penuh
Susunan modal Perusahaan untuk 31 Desember
Modal Dasar
Saham Preferen (Seri A Dwiwarna)
Saham Biasa (Seri B)
Karyawan
Masyarakat
Jumlah Modal Ditempatkan dan Disetor Penuh
67
(Lanjutan)
(Dalam Rupiah)
peningkatan
Rp 240.000.000.000 menjadi Rp
terbagi atas
mempunyai nominal Rp
180.000 saham dengan nilai Rp

Pemerintah Republik Indonesia.
nominal Rp
Dari modal
Rp
Perusahaan.
penuh sebanyak
Rp 654.992.100.000.
ditempatkan
sebesar Rp 963.223.600.000.
Jumlah Saham yang Dikeluarkan

Agio per Saham
Jumlah Agio Saham
Dikurangi : Biaya Emisi Saham
Jumlah
68
(Lanjutan)
(Dalam Rupiah)
Soejatna, Mulyana & Rekan tanggal
29. Opsi Saham
Employee Stock Option Plan

ditempatkan dan disetor penuh setelah IPO.
Surat Penerimaan
(Persero) Tbk Nomor:
Plan
mengikuti program MESOP terdiri dari:

a. Komisaris Perusahaan
Independen)
b. Direksi Perusahaan
c. Pegawai Tetap (PT)
d.
e. Pegawai Tidak Tetap
sebagai berikut:
Mesop Tahap I
berlaku opsi adalah
pada tanggal 20 Januari 2014.

Mesop Tahap II
pada bulan Januari 2014.
69

(Lanjutan)
(Dalam Rupiah)
Sesuai dengan surat Perusahaan No.
tanggal 22 Pebruari 2013 kepada PT Bursa Efek Indonesia,
Perusahaan menyampaikan rencana pelaksanaan MESOP
PT Waskita Karya (Persero) Tbk untuk Opsi Tahap I
sejumlah 173.380.000 saham seri B dengan umur 5 (lima)
tahun sejak tanggal penerbitan dan terkena vesting yakni 1
(satu) tahun terhitung sejak tanggal penerbitannya. Harga
pelaksanaan untuk Tahap I sebesar Rp 438 (empat ratus
tiga puluh delapan) per saham mengacu pada harga rata-
rata perdagangan saham APLN di BEI pada penutupan
perdagangan tanggal 17 Januari
tanggal 21 Pebruari 2013.
Berdasarkan surat No. S-0470/BEI.PPJ/02-2013 tanggal 26
Pebruari 2013 Bursa Efek Indonesia menyetujui pencatatan
saham di Bursa Efek Indonesia yang berasal dari Program
Pemberian Opsi Pembelian Saham kepada Manajeman dan
Pegawai (Managemen & Employee Stock Plan (MESOP))
sejumlah 173.380.000 saham seri B.
30. Saldo Laba
Telah Ditentukan Penggunaannya

Saldo Awal Tahun
Penambahan Dana Cadangan
Saldo Akhir Tahun
Belum Ditentukan Penggunaannya
Saldo Awal Tahun
Dividen
Pembentukan Cadangan Umum
Laba (Rugi) Bersih
Dana Program Kemitraan dan Bina Lingkungan
Saldo Akhir Periode
Berdasarkan risalah Rapat Umum Pemegang Saham
Tahunan (RUPST) tanggal 18 April 2013, disetujui untuk
membentuk cadangan umum atas penggunaan laba
Perusahaan tahun 2012 sebesar Rp 2.540.312.916 dan
pembagian dividen tunai sebesar Rp 20.322.503.326.
Berdasarkan risalah Rapat Umum Pemegang Saham

RUPS) Perusahaan No RIS-32/D2.MBU/2012 tanggal
Juni 2012, disetujui untuk membentuk cadangan umum atas
penggunaan laba Perusahaan tahun
Rp 165.109.626.357.
Perusahaan membuat penyisihan untuk cadangan umum
sesuai dengan Undang-undang No. 40 tahun
mengenai Perusahaan Terbatas. Undang-undang tersebut
mengharuskan Perusahaan di Indonesia untuk membuat
penyisihan cadangan umum sekurang-kurangnya 20% dari
jumlah modal yang ditempatkan dan disetor penuh. Dana
cadangan diadakan untuk menutupi yang diderita dan dapat
dipergunakan sebagai modal kerja dan tujuan lain menurut
keputusan Rapat Umum Pemegang Saham.
70

(Lanjutan)
(Dalam Rupiah)
Sesuai dengan program Pemerintah Republik Indonesia
yang tertuang dalam Surat Keputusan Menteri Badan
Usaha Mlik Negara nomor KEP-236/MBU/2003 tanggal 17
Juni 2003 tentang Program Kemitraan Badan Usaha Mlik
Negara dengan Usaha Kecil dan Program Bina Lingkungan,
Perusahaan menyisihkan dana untuk program kemitraan
bersumber dari penyisihan laba setelah pajak sebesar 1%
(satu persen) sampai dengan 3% (tiga persen), dan
menyisihkan dana untuk program bina lingkungan
bersumber dari penyisihan laba setelah pajak maksimal
sebesar 2% (dua persen).
Berdasarkan Peraturan Menteri Negara Badan Usaha Milik

Negara nomor PER05/MBU/2007 tanggal 27 April 2007
tentang Program Kemitraan Badan Usaha Milik Negara
dengan Usaha Kecil dan Program Bina Lingkungan,
Perusahaan menyisihkan dana untuk program kemitraan
bersumber dari penyisihan laba setelah pajak maksimal
sebesar 2% (dua persen), dan menyisihkan dana untuk
program bina lingkungan bersumber dari penyisihan laba
setelah pajak maksimal sebesar 2% (dua persen), masing-
masing sebesar Rp 6.879.567.764 untuk tahun 2012.
31. Pendapatan Usaha
30 Juni 2013/
June 30, 2013
Rp
Jasa Konstruksi 3,008,344,575,651
Penjualan Precast 356,943,510
Sewa Gedung 41,500,000
Jumlah Bersih 3,008,743,019,161
Rincian pendapatan usaha pihak-pihak berelasi sebagai
berikut:
30 Juni 2013/
June 30, 2013
Rp
PT Hotel Indonesia Natour (Persero) 182,523,840,909
PT Jasa Marga Tol Bali 174,645,312,790
PT Angkasa Pura I (Persero) 167,968,036,800
PT Pelindo II (Persero) 86,237,773,229
PT Jasa Marga (Persero) Tbk 78,500,776,863
PT Krakatau Bandar Samudera (KBS) 61,379,304,000
PT PLN (Persero) 37,688,910,698
PT Transmarga Jatim Pasuruan 31,984,537,828
PT Rekayasa Industri (Persero) 22,455,483,105
PT Paramedika Sentul 18,144,045,924
PT Semen Padang (Persero) 17,152,261,893
PT Pertamina (Persero) 12,650,989,000
PT Krakatau Steel (Persero) Tbk --
PT Angkasa Pura II (Persero) --
PT Semen Gresik (Persero) Tbk --
PT Tran Lingkar Kita Jaya --
PT Bukit Asam (Persero) --
PT Dok dan Perkapalan Kodja Bahari (Persero) --
Jumlah Pendapatan Pihak-pihak Berelasi 993,961,249,219
71

(Lanjutan)
(Dalam Rupiah)
Rincian Pendapatan Usaha Pihak-pihak Ketiga sebagai
berikut:
30 Juni 2013/
June 30, 2013
Rp
Pihak-pihak Ketiga
Pemerintah - Pemerintah Daerah 706,024,227,658
PT Adhityya Seroyakorita 58,122,580,576
PT Basko Minang Plaza 51,981,071,882
PT Marga Linkar Jakarta 46,269,799,034
PT Sumber Mesin Raya 43,997,554,545
PT Pardika Wisthi Sarana 41,394,367,922
PT Hermes Realty Indonesia 36,664,061,930
Bin Ladin Contractor Group 30,509,610,295
PT Griya Inta Sejahtera Insani 26,371,754,017
PT Gapura Kencana Abadi 23,366,058,855
PT Sumber Alfaria Trijaya, Tbk 23,118,263,386
Kementerian Perhubungan 21,537,304,262
Badan Nasional Penanggulangan Bencana 20,974,404,220
PT Patria Maritime Industry 20,727,048,069
PT Medisafe Technologies 19,721,653,644
PT Ade Pede Realty 18,338,460,000
PT XL Axiata 17,408,745,038
PT Kereta Api (Persero) 12,850,990,964
PT Bosowa Terminal Indonesia 11,890,940,121
PT Newmont Nusa Tenggara 10,600,047,376
Universitas Negeri Semarang 10,188,717,989
Kementerian Dalam Negeri Republik Indonesia --
Kementerian Pendidikan Nasional --
PT Palarudhibi Teguh Makmur --
PT Meridan Sejati Surya Plantation --
Koperasi Sejahtera Bersama Unit Usaha
Ritel SB Smart --
PT BPD Riau --
PT Inext Arsindo --
PT Suraco Jaya Abadimotor --
Jakarta International Container Terminal --
PT Gunawangsa Investindo --
PT Marga Bumi --
PT Samudera Golden Mitra --
PT Pandan Harum Medika --
Cilandra Perkasa Group --
PT Makmur Permata Putra --
PT Indonesia Paradise Island --
Universitas Indonesia --
Daewoo Engineering Company - South Korea --
PT Multi Artha Pratama --
PT Magna Terra --
PT Merdeka Sandi Surya --
Rumah Sakit Islam Jakarta (RSIJ) Cempaka Putih --
Resident Representative a.i - United Nations
Development Program --
72

(Lanjutan)
(Dalam Rupiah)
30 Juni 2013/
June 30, 2013
Rp
PT Tapin Coal Terminal --
PT Inti Utama Dharma RE --
PT Trans Heksa Karawang --
Jumlah Pendapatan Pihak-pihak Ketiga 2,014,781,769,942
Jumlah 3,008,743,019,161
32. Beban Pokok Pendapatan
30 Juni 2013/
June 30, 2013
Rp
Jasa Konstruksi
Bahan Baku 1,045,151,909,361
Upah 280,250,232,489
Beban Tidak Langsung 1,324,895,938,538
Jumlah Jasa Konstruksi 2,650,298,080,387
Produk Beton 90,919,016,243
Jumlah Beban Pokok Pendapatan 2,741,217,096,630
33. Bagian Laba (Rugi) Entitas Asosiasi
dan Ventura Bersama
Kemitraan /
Venturers
Pihak-pihak Berelasi / Related Parties
KSO Waskita - Brantas Sabo Dam Merapi
KSO Waskita - Brantas Pandan Duri II
KSO Waskita - Brantas - Wika
KSO Waskita - PP - Hutama Jembt. Siak IV
KSO Waskita - Brantas Sabo Dam Paket 1
KSO Waskita - PP BPK RI
KSO Waskita - Wika - PP - HK Jatigede Sumedang
KSO Waskita - Adhi Kali Lamong
KSO Waskita - Brantas Bendung Gerak Tempe
KSO Waskita - Adhi
KSO Waskita - Adhi
KSO Waskita - Brantas Klawing
KSO Waskita - PP - Wika Jembatan Merah Putih
KSO Waskita - PAL PLTU Malinau
KSO Waskita - Indah Karya Ciasem Pamanukan
Jumlah Pihak-pihak Berelasi / Total Related Parties
73

(Lanjutan)
(Dalam Rupiah)
Rincian Bagian Laba Ventura Bersama
Ketiga sebagai berikut:
Pihak-pihak Ketiga / Third Parties
KSO Waskita - JPC
KSO Waskita - Perdasa - Buluh - Larasati
KSO Waskita - Mitra Statika
KSO Waskita - Wika - PP - Jaya
KSO Waskita - IHC
KSO Waskita - Luhribu
KSO Waskita - Usaha Batanghari
KSO Waskita - Menumbang Jaya
KSO Waskita - Adi Jaya Lima Pradana
KSO Waskita - Modern
KSO Waskita - Panca Duta
KSO Waskita - ZUG
KSO Waskita - Wika - Shanghai
KSO Waskita - Bugak Brawang
KSO Waskita - Karya Baru M
KSO Waskita - CPA
KSO Waskita - IPA
KSO Waskita - Larasati
KSO Waskita - Conblok
KSO Waskita - Eka Praya
KSO Waskita - Paesa Pasindo
KSO Waskita - Pangkho
KSO Waskita - Tirta
KSO Waskita - Kega
KSO Waskita - Sinar Intan
KSO Waskita - Baswara - Mahir Jaya
KSO Waskita - Larasati
KSO Waskita - Rimba - Marinda
KSO Waskita - Kumodo Intan
KSO Waskita - CPA
KSO Waskita - Yasa
Jumlah Pihak-pihak Ketiga / Total Third Parties
Bagian Laba Ventura Bersama / Share of Income Joint Venture
Bagian Laba Entitas Asosiasi / Share of Income Asociates Entity
Jumlah / Total
34. Beban Penjualan dan
Adminstrasi dan Umum
Beban Penjualan
Tender
Pemasaran
Iklan
Jumlah
74

(Lanjutan)
(Dalam Rupiah)
30 Juni 2013/
June 30, 2013
Rp
Beban Umum dan Administrasi
Pegawai 47,241,740,247
Penyisihan Piutang --
Penyusutan Aset Tetap 20,666,180,135
Perjalanan Dinas 10,617,762,537
Pesangon 444,446,080
Kantor 6,776,482,738
Umum dan Adminstrasi 9,265,856,444
Gedung 3,257,564,331
Jamsostek 1,221,515,153
DPLK --
Jumlah 99,491,547,666
Jumlah 108,544,012,000
35. Beban Pinjaman
Merupakan beban bunga atas kredit bank/non bank,
beban provisi, dan beban administrasi bank yang
terkait dengan perolehan pinjaman selama periode
berjalan setelah dikurangi biaya bunga yang secara
langsung dapat diatribusikan dengan biaya perolehan
suatu proyek tertentu yang memenuhi syarat dan
bunga atas utang obligasi Perusahaan.
36. Pendapatan Lain-lain
30 Juni 2013/
June 30, 2013
Rp
Pendapatan Klaim Asuransi 20,687,260
Pendapatan Pemulihan Piutang 2,674,075,574
Pendapatan lain-lain Proyek 323,478,496
Lain-lain 1,788,101,237
Jumlah 4,806,342,567
Pendapatan pemulihan piutang merupakan penerimaan
atas piutang yang telah dibentuk pencadangannya di
tahun 2012 sebesar Rp 1.806.346.001 kepada Perum
Perumnas dan Rp 867.729.573 kepada PT Elit Prima
Hutama.
37. Laba Per Saham
Berikut ini adalah data yang digunakan untuk
perhitungan laba per saham dasar:
30 Juni 2013/
June 30, 2013
Rp
Laba Usaha 173,424,842,108
Laba Bersih 56,628,365,641
Rata-rata Saham Beredar 9,632,325,999
Laba Usaha per saham 18
Laba Bersih per Saham 6
75
(Lanjutan)
(Dalam Rupiah)
BNI (Persero) Tbk, PT Bank Mandiri
Rp 2.650.000.000.000, Rp
Rp 200.000.000.000.
Bank Garansi masing-masing Rp
penggunaan per 30 Juni

Rp 146.451.701.845
Rp 234.069.871.522.
Supply Chain Financing (SCF)
Supply Chain Financing

membayar tagihan mitra kerja sebagai berikut:
PT Bank Negara Indonesia (Persero) Tbk - KMK
PT Bank Negara Indonesia (Persero) Tbk - OAF
Pihak-pihak Ketiga
PT CIMB Niaga Bank Tbk
Deutsch Bank
Jumlah
penggunaan fasiltas tersebut sebagai berikut :
PT. Bank Mandiri (Persero) Tbk
PT Bank Negara Indonesia (Persero) Tbk - KMK
PT Bank Negara Indonesia (Persero) Tbk - OAF
Pihak-pihak Ketiga
PT Deutsch Bank
Jumlah
76

(Lanjutan)
(Dalam Rupiah)
40. Informasi Segmen
a. Segmen Primer
Segmen primer
berdasarkan pekerjaan yang dilakukan.
Informasi Segmen berdasarkan jenis usaha / produk
Pendapatan Usaha
Beban Pokok Pendapatan 2,650,298,080,388

Hasil Segmen 251,511,973,782
Bagian Laba Ventura Bersama --
Beban Usaha --
Penghasilan Lain-lain - Bersih --
Beban Lain-lain - Bersih --
Laba Usaha --
Beban Pinjaman --
Bagian Laba Entitas Asosiasi --
Laba Sebelum Pajak Penghasilan --
Beban Pajak Penghasilan --
Aset
Piutang Usaha 1,796,072,988,823
Piutang Retensi 545,780,527,374
Tagihan Bruto Kepada Pengguna Jasa 2,722,063,130,681
Persediaan 489,322,026,641
Aset yang Tidak Dapat Dialokasikan --
Jumlah Aset
Liabilitas
Utang Usaha 1,846,328,218,689
Utang Bruto Kepada Pihak Ketiga 876,684,785,429
Liabilitas yang Tidak Dapat Dialokasikan --
Jumlah Kewajiban
77

(Lanjutan)
(Dalam Rupiah)
Konstruksi /
Constructions
Rp
Pendapatan Usaha 2,727,488,726,208
Beban Pokok Pendapatan 2,517,131,173,472
Hasil Segmen 210,357,552,736
Bagian Laba Ventura Bersama --
Beban Usaha --
Penghasilan Lain-lain - Bersih --
Beban Lain-lain - Bersih --
Laba Usaha --
Beban Pinjaman --
Bagian Laba Entitas Asosiasi --
Laba Sebelum Pajak Penghasilan --
Beban Pajak Penghasilan --
Aset
Piutang Usaha 709,534,388,361
Tagihan Bruto Kepada Pengguna Jasa 2,411,005,953,130
Persediaan 509,624,399,504
Aset yang Tidak Dapat Dialokasikan --
Jumlah Aset
Liabilitas
Utang Usaha 1,333,976,467,840
Liabilitas yang Tidak Dapat Dialokasikan --
Jumlah Kewajiban
b. Segmen Geografis
Segmen sekunder Perusahaan dikelompokkan
berdasarkan daerah geografis. Informasi segmen
berdasarkan daerah geografis adalah sebagai berikut:
Aset
Divisi Sipil
Divisi Gedung
Divisi Realty
Divisi Precast
Divisi EPC
Divisi Regional I
Divisi Regional II
Divisi Regional III
Divisi Regional IV
Kantor Pusat
78

(Lanjutan)
(Dalam Rupiah)
30 Juni 2013/
June 30, 2013
Rp
Divisi I --
Divisi II --
Divisi III --
Divisi IV --
Divisi V --
Divisi VI --
Divisi VII --
Jumlah Sebelum Eliminasi 10,046,142,107,975
Eliminasi -1,926,962,590,304
Jumlah Setelah Eliminasi 8,119,179,517,671
30 Juni 2013/
June 30, 2013
Rp
Liabilitas dan Ekuitas
Divisi Sipil 2,211,017,652,193
Divisi Gedung 2,061,755,663,952
Divisi Realty 80,010,925,339
Divisi Precast 161,152,194,835
Divisi EPC 227,809,288,343
Kantor Pusat 3,127,890,911,447
Divisi I --
Divisi II --
Divisi III --
Divisi IV --
Divisi V --
Divisi VI --
Divisi VII --
Jumlah Sebelum Eliminasi 10,046,142,107,975
Eliminasi -1,926,962,590,304
Jumlah Setelah Eliminasi 8,119,179,517,671
79

(Lanjutan)
(Dalam Rupiah)
Pendapatan Usaha
Divisi Sipil
Divisi Gedung
Divisi Realty
Divisi Precast
Divisi EPC
Divisi Regional I
Divisi Regional II
Divisi Regional III
Divisi Regional IV
Kantor Pusat
Divisi I
Divisi II
Divisi III
Divisi IV
Divisi V
Divisi VI
Divisi VII
Jumlah Sebelum Eliminasi
Eliminasi
Jumlah
41. Transaksi Non Kas
Penambahan Aset Tetap Melalui Utang Usaha (Catatan 19)

Jumlah
42. Aset dan Liabilitas Moneter
dalam Mata Uang Asing
Aset
Kas dan Setara Kas USD
SGD
YEN
EURO
AED
SAR
Piutang Usaha USD
SGD
YEN
AED
SAR
80
(Lanjutan)
(Dalam Rupiah)
Piutang Retensi USD

SGD
SAR
AED
YEN
Tagihan Bruto SAR
Liabilitas
Utang Usaha SAR
Utang Bruto Kepada Pihak Ketiga AED
SAR
Jumlah Aset Bersih

43. Perkara Hukum
1 Pada tahun 1999 Joint Venture SAE Waskita yang
terdiri dari Sociate Euxilliare D’Enterprise International
dan Perusahaan (Pemohon) menunjuk Arbiter Soelistio
SH dan oleh karena responden tidak menunjuk
seorang arbiter, maka Sulistio, SH bertindak sebagai
Arbiter Tunggal dalam perkara klaim atas wanprestasi
yang dilakukan oleh PT Angkasa Interland
(Responden) pada proyek Kondominium Puri
Casablanca. Pada tanggal 21 Desember 1999 Arbiter
mengeluarkan putusan dan telah diajukan permohonan
pelaksanaan putusan arbitrase tersebut ke Pengadilan
Negeri (PN) Jakarta Selatan dan telah diterbitkan
penetapan No.
6 Maret 2000. Putusan arbitrase tanggal 21 Desember
a. Responden
Pemohon jumlah sebesar Rp
termasuk PPN;
b. Responden harus segera membayar kepada
Pemohon bunga berjumlah Rp 1.259.987.768 sampai
tanggal 15 November 1999;
c. Responden harus segera membayar kepada
Pemohon bunga menurut Undang-Undang sebesar
6% per tahun atas jumlah yang diputuskan dibawah
ayat-ayat 1 dan 2 di atas sejak tanggal 16 Nopember
1999 sampai tanggal pembayaran seluruh jumlah
tersebut,
d. Pemohon dan responden masing - masing harus
segera membayar separuh biaya Arbitrase sebesar
Rp 2.500.000.
81
(Lanjutan)
(Dalam Rupiah)
sebagai berikut:
dan III (PT Waskita Karya).
mempunyai kekuatan hukum.

f.
tidak dapat dilaksanakan.
putusan ini.
Jakarta.
keputusan No.
tanggal 22 Pebruari 2001.

2773 K/PDT/2002 tanggal
kasasi II (Soelisto, SH).
tanggal 22
282/Pdt.G/2000/PN.Jak.Sel.
dan II).
diterima (termohon kasasi).
sebanyak Rp 500.000.
82

(Lanjutan)
(Dalam Rupiah)
dari PT Angkasa Interland.

2
Arbiter tunggal, Soelistio, SH tanggal

1999. Pada tanggal
Selatan
bahwa:
a.
tertanggal 19 Januari 2005.
b.
c.
dengan perincian sebagai berikut.
c. Ganti bunga
sesuai dengan UU sebesar
dibayar lunas.
kepatutan adalah sebesar Rp.

(lima milyar rupiah).
SH, tanggal
melanggarnya.
25 Agustus
sebagai berikut :
untuk sebagian.
putusan berkekuatan hukum tetap.
83

(Lanjutan)
(Dalam Rupiah)
c. Menyatakan tuntutan terbanding/Penggugat agar
para Pembanding/Tergugat II dan III membayar
ganti kerugian sebesar Rp
bunga sebesar
didaftarkan di Kepaniteraan Pengadilan Negeri
Jakarta Selatan sampai dibayar lunas, tidak dapat
diterima.
d. Mengabulkan gugatan Penggugat untuk sebagian.
e. Menyatakan terbanding/Tergugat I, dan para
pembanding/Tergugat II dan III telah melakukan
perbuatan melawan
Terbanding/Penggugat.
f. Menghukum para Pembanding/Tergugat II dan III
dan turut Terbanding/Tergugat I untuk membayar
ganti kerugian immateriil kepada penggugat secara
tanggung renteng sebesar Rp 3.000.000.000.
g. Menolak gugatan Terbanding/Penggugat untuk
selain dan selebihnya.
Sehubungan dengan keputusan PT tersebut, para
Tergugat dan Penggugat mengajukan permohonan
kasasi secara tertulis kepada MA dengan memori
kasasi tanggal 21 Desember 2006 dan 22 Desember
2006, Putusan MA No. 300 K/Pdt/2007 tanggal 28
Pebruari 2008 adalah menolak permohonan kasasi dari
Pemohon kasasi I dan Pemohon kasasi II.
Atas penolakan permohonan kasasi yang diajukan,

maka Tergugat II dan III mengajukan berkas
permohonan peninjauan kembali (PK) pada tanggal 6
Januari 2010 kepada Mahkamah Agung. Putusan PK
Mahkamah Agung No.
Oktober
kembali para pemohon peninjauan kembali SAE dan
Waskita.
Sehubungan Perkara I Casablanca telah diputus pada In accordance Casablanca Case I has decided on the
tingkat PK dengan nomor putusan No. 229
PK/Pdt/2005 dan Perkara II Casablanca juga telah No.229.PK/Pdt/2005 and Casablanca Case II also has
diputus pada tingkat PK dengan nomor putusan No. 46 been decided at the Judicial Review
PK/Pdt/2010, maka untuk kedua perkara tersebut decision number 46 PK/Pdt/2010, then for the second
sudah tidak ada lagi upaya hukum yang dapat case there is no other legal effort that can be done, for it
dilakukan, untuk itu telah ditunjuk Nengah Sujana & has been appointed Nengah Sujana & Associates law
Rekan Law Firm (NSR) sebagai kuasa hukum guna Firm
mengajukan Permohonan Sita Eksekusi sebagaimana Confiscation Application Execution as the Power of
Surat Kuasa nomor: 33/SKU/WK/2011 tanggal 8 April Attorney Letter No.
2011 2011
Sampai dengan tanggal laporan ini, Perusahaan belum

melakukan eksekusi atas putusan pengadilan Until the reporting date, the Company has not executed
sebelumnya. on the previous court decision.
3 Pada tahun
dalam joint venture
pembangunan multi years
PT Pembangunan Perumahan
84

(Lanjutan)
(Dalam Rupiah)
(Persero) Tbk, selanjutnya disebut Pemohon II,
PT Wijaya Karya (Persero) Tbk selanjutnya disebut
Pemohon III, JO PT Hutama Karya
PT Duta Graha selanjutnya disebut Pemohon IV,
PT Waskita Karya (Persero) selanjutnya disebut
Pemohon V, PT Istaka Karya selanjutnya disebut
Pemohon VI, JO PT Modern Widya Tehnikal, PT Anisa
Putri Ragil selanjutnya disebut Pemohon VII, PT Harap
Panjang selanjutnya disebut Pemohon VIII secara
bersama-sama menunjuk Kuasa Hukum Nengah
Sudjana, SH. & Rekan
permohonan Arbitrase klaim eskalasi pada proyek multi
years tersebut kepada Kepala Dinas PU Program
Pembangunan Jalan/Jembatan (Program Multi Years)
Provinsi Riau c.q. Pemerintah Provinsi Riau selanjutnya
disebut Termohon di Badan Arbitrase Nasional
Indonesia (BANI) Jakarta terdaftar sebagai Perkara No:
352/V/ARB-BANI/2010.
Pada tanggal 27 Desember 2010 BANI Jakarta telah
memutuskan Perkara No:
dengan amar Putusan:
a. Mewajibkan Termohon untuk membayar eskalasi
sebesar Rp 322.395.826.691, dengan perincian
kepada:
1) Pemohon I : Rp 113.841.020.412;
2) Pemohon II : Rp 41.214.592.443;
3) Pemohon III : Rp 31.504.906.623;
4) Pemohon IV : Rp 49.853.904.365;
5) Pemohon V : Rp 20.459.969.111; 5) Applicant V: Rp 20,459,969,111;
6) Pemohon VI : Rp 29.580.157.994; 6) Applicant VI: Rp 29,580,157,994;
7) Pemohon VII : Rp 11.520.971.085; 7) Applicant VII: Rp 11,520,971,085;
8) Pemohon VIII: Rp 24.419.304.658; 8) Applicant VIII: Rp 24,419,304,658;
b. Menghukum Termohon membayar biaya arbitrase
kepada Para Pemohon sebesar Rp 1.356.378.000.
c. Menghukum Tergugat untuk melaksanakan putusan
ini selambat-lambatnya
diucapkan,
d. Putusan Arbitrase ini adalah putusan tingkat pertama
dan terakhir, memerintahkan Sekretaris Majelis untuk
mendafarkan salinan resmi Putusan Ke PN
Pekanbaru atas biaya Para Pemohon dan
Termohon.
Oleh sebab Termohon tidak melaksanakan Putusan
Arbitrase secara sukarela sampai dengan tanggal yang
telah ditetapkan dalam Putusan BANI Jakarta, maka
pada tanggal 23 Pebruari 2011 Para Pemohon melalui
Kuasa Hukum NSR mengajukan Permohonan Eksekusi
Putusan Badan Arbitrase Nasional Indonesia No:
352/V/ARB-BANI/2010 kepada Ketua PN Pekanbaru
teregister pada tanggal 14 Maret
08/PDT/Eks-PTS-BANI/2011/PN.Pbr.
Atas Permohonan Eksekusi tersebut PN Pekanbaru
telah menerbitkan ketetapan No.
BANI/2011/PN.Pbr jo. No.
tertanggal 15 Maret 2011 yang isinya:
85
(Lanjutan)
(Dalam Rupiah)
Eksekusi;
teguran
No. 24/Pdt.ARB.BANI/2011/PN.Pbr.
Putusan
ke MA.
dari Kepala Dinas PU Provinsi Riau.
Pada tanggal
Permohonan Eksekusi Lanjutan.
membayar dalam
sudah termasuk PPN 10%.

4 Perkara No.
Juni
PLTU Malinau 2x3 MW.
Oktober
Hakim menerima keberatan
86
(Lanjutan)
(Dalam Rupiah)
pada tanggal 11 Oktober 2012.

Terbanding
DKI Jakarta.
Pada tanggal
Pejabat Pembuat Komitmen
Timur dengan
(Persero)
terhadap Tergugat.
hal ini adalah Tergugat II.

87
(Lanjutan)
(Dalam Rupiah)
persidangan.
6 PT Waskita Karya
Indonesia
Dang Merdu (Catatan

perjanjian pekerjaan
nilai kontrak
Rp 222.715.898.000.
ini diselesaikan melalui arbitrase di BANI. the contract agreement, then the case is settled by
arbitration in BANI.
Nilai tuntutan yang diajukan Perusahaan melalui
b) Ganti rugi,
Rp 85.858.538.006.
register perkara BANI No.

tertanggal 28 Mei 2013.
88

(Lanjutan)
(Dalam Rupiah)
Pihak-pihak Berelasi / Related Parties
PT Pembangunan Perumahan (Persero) Tbk Piutang Usaha, Piutang Retensi, Tagihan Bruto
PT Adhi Karya (Persero) Tbk Piutang Usaha, Piutang Retensi
PT Angkasa Pura II (Persero) Piutang Usaha, Piutang Retensi, Tagihan Bruto, Pendapatan Usaha
PT Indonesia EximBank Utang Bank
PT Bank Mandiri (Persero) Tbk Kas dan Setara Kas, Utang Bank
PT Bank Negara Indonesia (Persero) Tbk Kas dan Setara Kas, Utang Bank
PT Bank Rakyat Indonesia (Persero) Tbk Kas dan Setara Kas, Utang Bank
PT Bank Syariah Mandiri (Persero) Kas dan Setara Kas
PT Bank Tabungan Negara (Persero) Tbk Kas dan Setara Kas
PT Bukit Asam (Persero) Piutang Usaha, Piutang Retensi, Tagihan Bruto, Pendapatan Usaha
PT Dok Kodja Bahari (Persero) Piutang Usaha, Tagihan Bruto, Pendapatan Usaha
PT Iglas Piutang Usaha
PT Jasa Marga (Persero) Tbk Piutang Usaha, Piutang Retensi, Pendapatan Usaha
PT Jasa Marga Bali Tol Piutang Usaha, Piutang Retensi, Tagihan Bruto, Pendapatan Usaha
PT Krakatau Steel (Persero) Tbk Piutang Usaha, Tagihan Bruto, Pendapatan Usaha
PT Leces (Persero) Piutang Usaha, Piutang Retensi, Tagihan Bruto, Pendapatan Usaha
PT Pelindo II (Persero) Piutang Usaha, Piutang Retensi, Pendapatan Usaha
PT Pertamina Bina Medika Piutang Usaha, Piutang Retensi, Tagihan Bruto, Pendapatan Usaha
PT PLN (Persero)
PT Semen Gresik (Persero) Tbk Pendapatan Usaha
PT Semen Padang (Persero) Piutang Usaha, Piutang Retensi, Tagihan Bruto, Pendapatan Usaha
PT Trans Lingkar Kitajaya Piutang Usaha, Tagihan Bruto, Pendapatan Usaha
PT Hotel Indonesia Natour (Persero) Piutang Usaha, Tagihan Bruto
PT Wijaya Karya Beton Utang Usaha
PT Transmarga Jatim Pasuruan Tagihan Bruto
PT Krakatau Bandar Samudera Tagihan Bruto
Rincian Item yang terkait dengan Transaksi Pihak-pihak yang
Berelasi:
30 Juni 2013/
June 30, 2013

Aset
Rp
Kas dan Setara kas 764,495,093,216
Piutang Usaha 1,137,627,364,617
Piutang Lain-lain 30,031,165,100
Tagihan Bruto 830,626,524,776
Aset Ventura Bersama 62,253,630,886
Presentase diatas merupakan perbandingan dengan total aset.
30 Juni 2013/
June 30, 2013

Liabilitas
Rp
Pinjaman Bank 1,196,992,362,685
Uang Muka Kontrak Jangka Panjang 64,223,876,230
Presentase diatas merupakan perbandingan dengan total aset.
30 Juni 2013/
June 30, 2013
Rp
Pendapatan Usaha 993,961,249,219
89

Presentase diatas merupakan perbandingan dengan total Above percentages are comparised with total revenues.
pendapatan.
Karya (Catatan 7).

45. Perikatan dan Perjanjian
Kontrak Konstruksi
kontrak, diantaranya sebagai berikut:

No Nama Proyek /
Project Name
1 Bandara Djuanda
Yet
Sudah Jatuh
Pembangunan Jalan Tol
2 Nusa Dua - Ngurah Rai -
Benoa Paket 4 - Bali
3 Woodland Residence
SPK/MAINCON/IX/2012 Yet
Belum Jatuh
4 Pekerjaan Kali
Pesanggrahan Paket 1
Yet
Sudah Jatuh
5 Nusa Dua - Ngurah Rai -
Benoa Paket 2 - Bali
Pembangunan Jalan
7
Habema - Mugi (MYC)
Belum Jatuh
8 Pelabuhan Laut Sangata
Komunikasi dan Informatika
Yet
9 Semarang - Bawen -
Solo Paket 6
10 Manhattan Square
Yet
11 Jln Dalam Kota Sofifi
12 Basko Green City

Yet
13 Kantor PU Pekanbaru
Bandar Udara
14 Samarinda Baru
Yet
90
(Lanjutan)
(Dalam Rupiah)
No Nama Proyek /
Project Name
Rehabilitasi Tambak
15
Garam Indramayu
Pelebaran Jln. Bulu-

16
Tuban
Pembangunan Jalan
17
dan Jembatan Kawasan
Pekerjaan
Pembangunan Jalur
18 Ganda
Blambanganumpu -
Giham, Sumsel
Pembangunan Gedung
Arsip Data Elektronik di

19
Rempoa - Tangerang
Yet
Selatan
Penanganan Longsoran
HK.02.03/At-4/16/SAL/01-
20 di Wilayah Sekitar
13/2013
Waduk Jatigede
46. Manajemen Risiko Keuangan
Dalam pengelolaan keuangan, Perusahaan telah melakukan
analisa risiko terhadap persaingan dan ketidakpastian yang
dapat berpengaruh pada aset keuangan dan liabilitas keuangan
sebagai berikut:
a. Klasifikasi Aset dan Liabilitas Keuangan
Perbedaan antara nilai wajar dengan nilai tercatat pada
30 Juni 2013 dan 31 Desember 2012 tidak signifikan.
not significant.
30 Juni 2013/ 31 Desember 2012/

June 30, 2013 December 31,
2012
Rp
Aset Keuangan - Pinjaman yang
Diberikan dan Piutang
Kas dan Setara Kas 857,464,645,512
Piutang Usaha dan Retensi 2,357,048,451,816
Piutang Lain-lain 41,017,702,121
Tagihan Bruto kepada Pengguna Jasa 2,730,948,037,067
Aset Keuangan - yang Dimiliki Hingga Jatuh Tempo 175,000,000,000
Jumlah Aset 6,161,478,836,516
Liabiltas Keuangan - Biaya
yang Diamortisasi
Utang Usaha 1,877,290,812,320
Jumlah Liabilitas 2,742,511,843,903
91

(Lanjutan)
(Dalam Rupiah)
b. Kebijakan Manajemen Risiko
Bisnis Perusahaan mencakup aktivitas pengambilan risiko
dengan sasaran tertentu dengan pengelolaan yang profesional.
Fungsi utama dari manajemen risiko Perusahaan adalah untuk
mengidentifikasi seluruh risiko kunci, mengukur risiko-risiko ini
dan mengelola posisi risiko. Perusahaan secara rutin menelaah
kebijakan dan sistem manajemen risiko untuk menyesuaikan
dengan perubahan di pasar, produk dan praktek pasar terbaik.
Perusahaan mendefinisikan risiko keuangan sebagai
kemungkinan kerugian atau laba yang hilang, yang disebabkan
oleh faktor internal maupun faktor eksternal yang berpotensi
negatif terhadap pencapaian tujuan Perusahaan.
Tujuan Perusahaan dalam mengelola risiko keuangan adalah
untuk mencapai keseimbangan yang sesuai antara risiko dan
tingkat pengembalian serta meminimalisasi potensi efek
memburuknya kinerja keuangan Perusahaan.
Risiko keuangan utama yang dihadapi Perusahaan adalah
risiko kredit, risiko suku bunga, risiko likuiditas, risiko nilai tukar
mata uang asing dan risiko perubahan kebijakan pemerintah,
kondisi ekonomi dan sosial politik. Perhatian atas pengelolaan
risiko ini telah meningkat secara signifikan dengan
mempertimbangan perubahan dan volatilitas pasar keuangan di
Indonesia dan internasional.
(i) Risiko Kredit
Risiko kredit adalah kerugian yang timbul dari pelanggan yang
gagal memenuhi kewajiban kontraktual mereka.
Instrumen keuangan Perusahaan yang mempunyai potensi
atas risiko kredit terdiri dari kas dan setara kas, piutang usaha,
piutang retensi dan piutang lain-lain. Jumlah eksposur risiko
kredit maksimum sama dengan nilai tercatat atas akun-akun
tersebut. Rincian umur piutang usaha dapat dilihat pada
Catatan dalam Laporan Keuangan.
Pada tanggal 30 Juni 2013 piutang usaha Perusahaan tidak
terkonsentrasi pada pelanggan tertentu.
Perusahaan mengelola risiko kredit dengan menetapkan
batasan jumlah risiko yang dapat diterima untuk masing-
masing pelanggan dan lebih selektif dalam pemilihan bank
dan institusi keuangan, yaitu hanya bank-bank dan institusi
keuangan ternama dan yang berpredikat baik yang dipilih.
(ii) Risiko Suku Bunga
Risiko tingkat bunga arus kas adalah risiko dimana arus kas Cash flow interest rate risk is the risk that future cash flows
masa depan dari suatu instrumen keuangan berfluktuasi of a financial instrument fluctuate due to changes in market
karena perubahan suku bunga pasar. interest rates.
Perusahaan memiliki pinjaman jangka pendek dengan bunga

mengambang. Tingkat suku bunga yang cukup tinggi dan
terjadi secara tiba-tiba dapat berpengaruh terhadap
menurunnya laba Perusahaan.
Berikut ini merupakan rincian dari liabiltas keuangan
berdasarkan jenis tingkat suku bunga:
92

31 Desember 2012/
30 Juni 2013/
December 31,
June 30, 2013
2012
Liabilitas Keuangan
Suku bunga mengambang
Dampak dari pergerakan suku bunga di pasar tidak signifikan.
Perusahaan mengelola risiko suku bunga dan melalui
pengawasan terhadap dampak pergerakan suku bunga untuk
meminimalisasi dampak negatif terhadap Perusahaan.
Perusahaan akan mengawasi secara ketat pergerakan suku
bunga dipasar dan apabila suku bunga mengalami kenaikan
yang signifikan maka Perusahaan akan menegosiasikan suku
bunga tersebut dengan para lender.
(iii) Risiko Likuiditas
Risiko likuiditas adalah risiko di mana posisi arus kas
menunjukkan pendapatan jangka pendek tidak cukup untuk
menutupi pengeluaran jangka pendek.
Eksposur risiko likuiditas berupa kesulitan Perusahaan dalam
memenuhi kewajiban keuangan yang harus dibayar dengan
kas atau aset keuangan lainnya. Perusahaan diharapkan
dapat membayar seluruh kewajibannya sesuai dengan jatuh
tempo kontraktual. Dalam memenuhi liabiltas tersebut, maka
Perusahaan harus menghasilkan arus kas masuk yang cukup.
Berikut ini merupakan liabiltas keuangan non-derivatif
berdasarkan nilai sisa jatuh tempo yang tidak didiskonto:
< 1 Tahun/
< 1 Year
Rp
Utang Usaha 1,877,290,812,320
Pinjaman Bank Jangka Pendek 1,526,164,310,772
Liabilitas Jangka Pendek Lainnya 3,870,991,215
Jumlah Liabilitas Keuangan 3,407,326,114,307
< 1 Tahun/
< 1 Year
Rp
Utang Usaha 2,002,815,417,409
Pinjaman Bank Jangka Pendek 1,171,853,481,615
Liabilitas Jangka Pendek Lainnya 23,951,446,633
Jumlah Liabilitas Keuangan 3,198,620,345,656
The Company manages liquidity risk by maintaining cash
93

(Lanjutan)
(Dalam Rupiah)
Perusahaan mengelola
mempertahankan kas dan setara kas yang mencukupi dalam
memenuhi komitmen Perusahaan untuk operasi normal dan
secara rutin mengevaluasi proyeksi arus kas dan arus kas
aktual, serta jadwal tanggal jatuh tempo aset dan Liabilitas
keuangan.
(iv) Risiko Nilai Tukar Mata Uang Asing
Eksposur risiko nilai tukar mata uang asing merupakan bagian

dari kegiatan operasi normal Perusahaan dan cabang Luar
Negeri
Dengan demikian pengaruh dari selisih nilai tukar mata uang

asing tidak signifikan.
(v) Risiko Perubahan Kebijakan Pemerintah, Kondisi Ekonomi

dan Sosial Politik.
Kebijakan pemerintah baik yang menyangkut ekonomi dan

moneter, serta kondisi sosial dan politik yang kurang kondusif
akan berakibat menurunnya investasi dan pembangunan. Hal
ini dapat mengakibatkan tertundanya proyek-proyek yang telah
maupun akan diperoleh Perusahaan.
Risiko ini merupakan risiko yang bersifat sistemik (Systematic
Risk) dimana bila risiko ini terjadi maka akan mempengaruhi
secara negatif seluruh variable yang terlibat, sehingga
membuat kinerja Perusahaan menurun risiko ini bahkan
diversifikasi pun belum mampu menghilangkan risiko ini.
Manajemen Permodalan
Tujuan dari Perusahaan dalam mengelola permodalan adalah
untuk melindungi kemampuan entitas dalam mempertahankan
kelangsungan usaha, sehingga entitas dapat tetap
memberikan hasil bagi pemegang saham dan manfaat bagi
pemangku kepentingan lainnya, dan untuk memberikan imbal
hasil yang memadai kepada pemegang saham dengan
menentukan harga produk dan jasa yang sepadan dengan
tingkat risiko
Perusahaan menetapkan sejumlah modal sesuai proporsi
terhadap risiko. Perusahaan mengelola struktur modal dan
membuat penyesuaian dengan memperhatikan perubahan
kondisi ekonomi dan karakteristik risiko aset yang mendasari.
Konsisten dengan perusahaan lain dalam industri, Perusahaan

memonitor modal dengan dasar rasio utang terhadap modal
yang disesuaikan. Rasio ini dihitung sebagai berikut: utang
neto dibagi modal yang disesuaikan. Utang neto merupakan
total utang
keuangan) dikurangi kas dan setara kas.
Selama tahun 2013, strategi Perusahaan tidak berubah yaitu
mempertahankan rasio utang terhadap modal yang
disesuaikan pada batas bawah dari kisaran
dengan 6:79. Rasio utang terhadap modal yang disesuaikan
pada 30 Juni 2013 dan 31 Desember 2012 adalah sebagai
berikut:
94

31 Desember 2012/
30 Juni 2013/ December 31,
June 30, 2013
2012
Rp
Total Utang 6,075,937,306,144
Dikurang: Kas dan Setara Kas 857,464,645,512
Utang Bersih 5,218,472,660,632
Total Ekuitas 2,043,242,211,528
Rasio Utang terhadap Modal 2.55
47. Tanggung Jawab dan Kewenangan
Penerbitan Laporan Keuangan
Manajemen Perusahaan bertanggung jawab atas isi dan
penyusunan laporan keuangan yang diotorisasi untuk terbit
pada tanggal 20 July 2013.
95
PT WASKITA KARYA
(PERSERO) Tbk
Table of Contents
Director’s Statement Letter

Independent Auditors’ Report
Financial Statements
For the Period 6 (Six) Months Ended June 30,
2013 and For the Years Ended
December 31, 2012
Statements of Financial Position
Statements of Comprehensive Income
Statements of Changes in Equity
Statements of Cash Flows
Notes to the Financial Statements

STATEMENTS OF FINANCIAL POSITION
30 Juni 2013/ 31 Desember 2012/

June 30, 2013 December 31, 2012
Rp Rp
857,464,645,512 2,183,783,098,228
24,276,133,745 24,276,133,745
1,137,627,364,617 857,072,216,150
673,640,559,825 607,197,604,777
166,953,763,167 145,666,855,182
378,826,764,207 329,722,130,433
30,031,165,100 30,032,355,937
10,986,537,021 2,305,658,489
531,769,981,231 412,538,363,464
830,626,524,776 879,342,546,622
1,900,321,512,291 1,879,826,030,597
554,192,982,233 276,032,203,979
250,017,734,994 161,919,595,591
7,346,735,668,719 7,789,714,793,194
175,000,000,000 175,000,000,000
7,825,767,785 7,825,767,785
62,253,630,886 42,958,282,193
166,145,518,997 73,525,361,652
25,000,000,000 18,250,000,000
302,354,544,422 239,933,622,514
33,864,386,862 19,036,260,700
772,443,848,952 576,529,294,844
8,119,179,517,671 8,366,244,088,038
STATEMENTS OF FINANCIAL POSITION (Continued)
30 Juni 2013/ 31 Desember 2012/

June 30, 2013 December 31, 2012
Rp Rp
1,196,992,362,685 822,776,203,700
329,171,948,087 349,077,277,915
1,877,290,812,320 2,002,815,417,409
876,684,785,429 1,564,997,856,733
15,575,807,186 27,993,453,168
203,164,096,716 95,086,201,879
558,309,743,624 405,128,300,805
3,870,991,215 23,951,446,633
5,061,060,547,261 5,291,826,158,242
64,223,876,230 93,378,356,335
202,903,789,553 226,510,505,054
747,749,093,101 747,453,839,713
1,014,876,758,883 1,067,342,701,102
6,075,937,306,144 6,359,168,859,344
963,223,600,000 963,223,600,000
831,137,834,545 831,137,834,545
194,820,273,829 192,279,960,913
56,659,124,437 22,893,575,038
-2,598,621,284 -2,459,741,802
2,043,242,211,527 2,007,075,228,694
8,119,179,517,671 8,366,244,088,038
STATEMENTS OF COMPREHENSIVE INCOME
30 Juni 2013/ 30 Juni 2012/

June 30, 2013 June 30, 2012
Rp Rp
3,008,743,019,161 2,727,848,352,501
2,741,217,096,630 2,517,131,173,472
267,525,922,532 210,717,179,029
14,442,931,576 22,285,231,941
281,968,854,108 233,002,410,970
-9,052,464,334 -9,509,773,344
-99,491,547,666 -76,166,784,318
13,492,855,133 17,503,718,234
1,227,774,430 494,426,832
221,278,187 81,358,081
4,806,342,567 8,560,185,126
-9,707,254,833 -2,881,163,540
183,465,837,592 171,084,378,041
-47,812,624,891 -72,728,061,923
-- 474,325,845
135,653,212,701 98,830,641,963
-79,024,847,060 -61,889,615,410
56,628,365,641 36,941,026,553
-138,879,482 165,516,967
56,489,486,159 37,106,543,520
19.05 9,505
5.88 2,052
ni 2013 dan 2012
Modal Saham/ Tambahan Modal

Shares Capital Disetor/Additional
Paid in Capital
Rp Rp
654,992,100,000 --
-- --
-- --
-- --
654,992,100,000 --
963,223,600,000 831,137,834,545
-- --
-- --
-- --
-- --
963,223,600,000 831,137,834,545
30 Juni 2013/ 30 Juni 2012/

June 30, 2013 June 30, 2012
Rp Rp
2,711,314,473,558 2,204,633,544,191
-3,872,541,484,406 -3,415,017,703,428
-48,907,701,480 -50,286,425,564
13,492,855,133 17,669,235,201
1,609,874,809 136,943,317,592
-47,812,624,891 -72,728,061,923
-250,717,605,286 -147,329,110,081
-1,493,562,212,563 -1,326,115,204,011
-118,420,235,908 22,404,098,578
20,947,661,446 -28,853,760,530
-62,448,016,319 -9,227,039,647
221,278,187 337,916,036
-- 59,425,330,077
-6,750,000,000 --
-166,449,312,594 44,086,544,514
-- 750,000,000,000
-295,253,388 -2,206,946,133
7,361,868,146,356 5,760,279,374,333
-7,007,557,317,200 -5,383,716,934,349
-20,322,503,326 --
333,693,072,442 1,124,355,493,851
-1,326,318,452,715 -157,673,165,647
2,183,783,098,228 583,188,263,886
857,464,645,512 425,515,098,239
1,219,164,714 1,219,121,012
856,245,480,798 324,295,977,227
-- 100,000,000,000
857,464,645,512 425,515,098,239
Perusahaan Negara Waskita Karya didirikan pada

1961 berdasarkan Peraturan
Pemerintah Nomor 62 tahun 1961, dari perusahaan
asing bernama "Volker Aanemings Maatschappij NV "
yang dinasionalisasi Pemerintah Republik Indonesia.
Berdasarkan Peraturan Pemerintah Nomor: 40 Tahun

1970 status Perusahaan berubah dari Perusahaan
(PN) menjadi Perusahaan
Selanjutnya, Perusahaan dinamakan PT Waskita
(Persero) berdasarkan Akta Perseroan
Terbatas Nomor 80 Tanggal 15 Maret 1973, yang
dibuat di hadapan Notaris Kartini Mulyadi, SH. Akta
Perseroan Terbatas tersebut telah disahkan oleh
Menteri Kehakiman Republik Indonesia pada tanggal
20 Agustus 1973 dengan surat keputusan Nomor:
4.a.5/310/3 serta diumumkan dalam Berita Negara
Republik Indonesia Nomor 82 tanggal 13 Nopember
Anggaran Dasar Perusahaan telah beberapa kali

perubahan terakhir
berdasarkan Akta No. 29 tanggal 29 Januari 2013,
yang dibuat dihadapan Fathiah Helmi, SH, Notaris di
Jakarta, dan telah mendapat pengesahan dari
Menteri Hukum dan Hak Asasi Manusia Republik
4 Pebruari 2013 dengan surat
keputusan No. AHU - 0007396.AH.01.09 tahun 2013.
Perubahan anggaran dasar terakhir tersebut antara
lain berkaitan dengan perubahan lembar saham dan
nilai nominal saham pada modal dasar Perusahaan.
10 Desember 2012 Perusahaan

memperoleh pernyataan efektif dari Ketua Badan
Pengawas Pasar Modal dan Lembaga Keuangan
(Bapepam-LK) berdasarkan Surat Keputusan No. S-
Pada tanggal 17 Desember 2012 sesuai surat nomor :

S-08414/BEI.PPJ/12-2012 PT Bursa Efek Indonesia
menyetujui penawaran efek PT Waskita Karya (Persero)
Tbk di Bursa Efek Indonesia kepada masyarakat atas
3.082.315.000 saham biasa dengan nilai nominal
Rp 100 per saham dan harga penawaran Rp 380 per


Dari jumlah saham yang ditawarkan dalam penawaran

umum kepada masyarakat tersebut sebesar
(enam koma dua puluh lima persen) atau sebanyak
192.644.000 saham biasa atas nama baru dijatahkan
secara khusus kepada karyawan Perusahaan melalui
program penjatahan saham untuk pegawai Perusahaan
(Employee Stock Allocation/ESA).
19 Desember
tercatat pada Bursa Efek Indonesia.
Perusahaan telah menerbitkan obligasi dengan jumlah

nilai sebesar Rp 750.000.000.000 pada tahun 2012,
yang dibagi atas 2 (dua) seri obligasi, dengan rincian
Obligasi / Jumlah /
Bonds Amount
Seri A / A Serie 75,000,000,000
Seri B / B Serie 675,000,000,000
Sesuai dengan pasal 3 Anggaran Dasar Perusahaan,

maksud dan tujuan Perusahaan adalah turut
melaksanakan dan menunjang kebijakan dan
program Pemerintah di bidang ekonomi dan
pembangunan nasional pada umumnya, khususnya
konstruksi, industri
penyewaan, jasa keagenan, investasi, agro industri,
perdagangan, pengelolaan kawasan, layanan jasa
peningkatan kemampuan di bidang jasa konstruksi,
teknologi informasi serta kepariwisataan dan
pengembang dengan menerapkan prinsip-prinsip
Untuk mencapai maksud dan tujuan tersebut di atas,

Perusahaan dapat melaksanakan kegiatan usaha
pelaksanaan
pertambangan, pekerjaan terintegrasi Enginering,
Procurement and Construction
d construction tools
oods, rubber, and
fabrication, leasing
terials, building
pment, investment
ea of basic facility
forming activities
, general trading,
opment, service in
sm and royalty

NOTES TO THE FINANCIAL STATEMENTS
For the Six Months Period Ended June 30, 2013 and
For the Year than Ended December 31, 2012
The Company's business activities, which has been

executed by the Company is construction activities
and integrated work Enginering, Procurement and
Construction (EPC).
1.d. Organization
Organization Structure
According to the General Meeting of Shareholders of
PT Waskita Karya (Persero)Tbk dated April 18, 2013
determined 6 (six) directors of the Company consist of
a President Director and 5 (five) Directors, appointed
with division of duties in accordance with the Decree
of Directors No. 03/SK/WK/2013 dated April 23, 2013.
Activity Areas
03/SK/WK/2013 According to the Decision Letter of Director No.
2013 tentang Perubahan Struktur 03/SK/WK/2013 dated April 23,
the changes of the Company’s Organizational
Structure of PT Waskita Karya
The Organizational Structure is based on Business
Unit. The Business Unit has its function of marketing
9 Divisi, susunan unit bisnis function up to production function. The Business Unit
have 9
the business units as follows:
Wilayah Operasi/
Operational Area
Daerah operasinya meliputi seluruh Indonesia berkedudukan di Jakarta dengan melaksanakan kegiatan
perusahaan dalam bidang pemasaran sampai dengan produksi untuk seluruh proyek sipil lokasi di pulau
Jakarta
dang pemasaran sampai dengan produksi
Jakarta
n oleh unit bisnis lain.
ng and procurement of the EPC project, while
Jakarta
(Continued)
(In Rupiah)
Wilayah Operasi/ Kedudukan/
Operational Area Location
Melaksanakan kegiatan Perusahaan dalam bidang pemasaranJakarta
Conducting the Company's activities in the field of marketing to production for realty projects.
Daerah operasi meliputi seluruh Sumatera berkedudukan di P Pekanbaru
Perusahaan dalam bidang pemasaran sampai dengan produksi untuk proyek Sipil kecuali yang
Balikpapan
si untuk proyek Sipil kecuali yang
Denpasar
n sampai dengan produksi untuk proyek
Makassar
n sampai dengan produksi untuk proyek
Susunan Dewan Komisaris, Direksi dan Karyawan
Directors and Employees
Susunan pengurus Perusahaan pada tanggal
31 Desember 2012 adalah
30 Juni 2013/ June 30, 2013

Mohamad Hasan
Iwan Nursyirwan Diar
Kohirin Suganda Saputra
Satya Arinanto
Arif Baharudin
Imam Maidi Achid
M. Choliq
Tunggul Rajagukguk
Didi Triyono
Desi Arryani
Adi Wibowo
Agus Sugiono
31 Desember 2012/ December 31, 2012

Mohamad Hasan
Iwan Nursyirwan Diar
Kohirin Suganda Saputra
Satya Arinanto
Arif Baharudin
Leon Muhamad
M. Choliq
Tunggul Rajagukguk
Bambang Heru Purnomo
Didi Triyono
Desi Arryani
Adi Wibowo
June 30,
follows:
30 Juni 2013/ 31 Desember 2012/
June 30, 2013 December 31, 2012
Iwan Nursyirwan Diar Iwan Nursyirwan Diar
Arif Baharudin Arif Baharudin
Mohammad Danial Mohammad Danial
Agus Suparto Agus Suparto
June 30,
follows:
30 Juni 2013/ 31 Desember 2012/
Juni 30, 2013 December 31, 2012
Kohirin Suganda Saputra Kohirin Suganda Saputra
Satya Arinanto Satya Arinanto
Tjahyo Winarto Tjahyo Winarto
Afif Sulfa Afif Sulfa
30 Juni 2013/ 31 Desember 2012/
June 30, 2013 December 31, 2012
M. Noor Utomo M. Noor Utomo
Munib Lusianto Netty Rohastuti
(Persero) Nomor: KEP-

(Persero) Tbk
S-2004/PPA/DU/0611 dated June
2011, SK-
2012, dan


Direksi diangkat melalui Surat Keputusan Para

Pemegang Saham PT Waskita Karya (Persero) Nomor:
KEP-135/MBU/2011 dan S-2005/PPA/DU/0611 tanggal
2011, SK-233/MBU/2012 dan KEP-PS-
06/PPA/0612 tanggal 19 Juni 2012 dan Keputusan
RUPST sesuai akta No. 65 oleh Fathiah Helmi, S.H.
Komite Audit diangkat melalui Surat Keputusan

04/SK/WK/DK/2012 tanggal
Komite Risiko dan Asuransi diangkat melalui Surat

Keputusan Komisaris Nomor
26 Nopember 2012 mengenai penggantian
anggota Komite Risiko dan Asuransi.
26 September
penggantian Kepala SPI yang semula Syamsudin AB
digantikan oleh M. Noor Utomo melalui Keputusan Direksi
PT Waskita Karya Nomor: 28/SK/WK/PEN/2012.
Pada tanggal 24 April 2013 telah dilakukan penggantian

Sekretaris Perusahaan yang semula Netty Rohastuti
digantikan oleh Munib Lusianto melalui Keputusan Direksi
Karya (Persero)
Jumlah remunerasi yang diterima oleh Dewan Komisaris

2013 dan 2012 masing-masing sebesar
Rp 1.410.000.000 dan Rp 871.620.000.
Sedangkan jumlah remunerasi yang diterima oleh Dewan

30 Juni 2013 dan
sebesar Rp 4.457.500.000 dan Rp 2.619.240.000.
Perusahaan memiliki karyawan tetap masing-masing

sebesar 1,115 orang dan 1.004 orang per 30 Juni 2013
Laporan keuangan Perusahaan untuk tahun yang

berakhir 30 Juni 2013 dan 31 Desember 2012, telah
disajikan berdasarkan Standar Akuntansi Keuangan
(“SAK”) yaitu pernyataan dan intrepretasi yang
dikeluarkan oleh Dewan Standar Akuntansi Keuangan
Ikatan Akuntan Indonesia dan sesuai dengan
Peraturan Bapepam No. VIII.G.7 lampiran Keputusan
Ketua Bapepam No. KEP-347/BL/2012 tanggal
25 Juni 2012 tentang “Penyajian dan Pengungkapan
Laporan Keuangan Emiten atau Perusahaan Publik”.
Dasar pengukuran dalam penyusunan laporan

keuangan ini adalah konsep biaya perolehan
(historical cost), kecuali untuk akun aset tetap yang
(revaluasi) di tahun
investasi dalam efek tertentu yang dicatat sebesar
nilai wajarnya, persediaan yang dinyatakan sebesar
nilai yang lebih rendah antara harga perolehan dan
(the lower of cost or net
realizable value). Laporan keuangan disusun dengan
menggunakan metode akrual kecuali untuk laporan
Laporan arus kas disusun dengan menggunakan

(direct method)
mengelompokkan arus kas ke dalam aktivitas operasi,
investasi dan pendanaan. Mata uang pelaporan yang
digunakan dalam penyusunan laporan keuangan ini
Perusahaan
menyelenggarakan pembukuan dalam mata uang
Negara tempat kedudukannya, yaitu dalam mata uang
(AED) dan Saudi Arab Real
(SAR). Untuk tujuan penggabungan, laporan keuangan
kantor cabang luar negeri dijabarkan dalam Rupiah
Berikut ini adalah standar baru, perubahan atas

standar dan interpretasi standar yang wajib diterapkan
pertama kalinya untuk tahun buku yang dimulai pada
atau setelah tanggal 1 Januari 2013, namun kurang
relevan dan tidak berdampak material terhadap
1. PSAK 28 “Akuntansi Kontrak Asuransi Kerugian
“Akuntansi Kontrak Asuransi Jiwa”
3. PSAK 38 “Kombinasi Bisnis Entitas Sepengendali”


Setara kas terdiri dari deposito berjangka yang jangka

waktunya kurang dari atau sama dengan 3 (tiga)
bulan dan tidak dijadikan sebagai jaminan.
Deposito berjangka yang jatuh temponya kurang dari

tiga bulan pada saat penempatan namun dijaminkan,
atau telah ditentukan penggunaannya dan deposito
berjangka yang jatuh temponya lebih dari tiga bulan
setelah tanggal penempatan disajikan sebagai
investasi jangka pendek. Deposito disajikan
Perusahaan mencatat investasi pada entitas

asosiasi, yaitu suatu entitas, termasuk entitas
seperti persekutuan,
Perusahaan mempunyai pengaruh signifikan dan
bukan merupakan entitas anak ataupun bagian
partisipasi dalam ventura bersama.
Pengaruh signifikan adalah kekuasaan untuk
berpartisipasi dalam keputusan kebijakan keuangan
dan operasional entitas asosiasi, tetapi tidak
mengendalikan atau mengendalikan bersama atas
kebijakan tersebut. Pengaruh signifikan dianggap
ada ketika Perusahaan memiliki secara langsung
atau tidak langsung 20% atau lebih hak suara suatu
entitas, kecuali dapat dibuktikan dengan jelas bahwa
Perusahaan tidak memiliki pengaruh signifikan.
Pengaruh signifikan juga ada ketika Perusahaan
memiliki kurang dari 20% hak suara suatu entitas,
namun dapat dibuktikan dengan jelas bahwa
Perusahaan memiliki pengaruh signifikan.
Jika setelah kepentingan Perusahaan sama (menjadi
nol) atau melebihi jumlah tercatat investasi, maka
tambahan dicadangkan dan liabilitas diakui hanya
sepanjang Perusahaan memiliki liabilitas konstruktif
atau hukum atau melakukan pembayaran atas nama
entitas asosiasi. Jika selanjutnya entitas asosiasi
melaporkan laba, maka Perusahaan akan mengakui
bagiannya atas laba tersebut hanya setelah bagian
Perusahaan atas laba tersebut sama dengan bagian
Perusahaan menghentikan penggunaan metode

ekuitas sejak tanggal Perusahaan tidak lagi memiliki
pengaruh signifikan atas entitas asosiasi.
Investasi Jangka Panjang Lainnya
Merupakan investasi saham dengan kepemilikan
kurang dari 20% yang pada awalnya diakui sebesar
nilai wajar ditambah dengan biaya transaksi. Bukti
terbaik dari nilai wajar adalah harga kuotasi dipasar
aktif. Selanjutnya investasi saham yang tidak memiliki


kuotasi harga dipasar aktif dan nilai wajarnya tidak

dapat diukur secara handal, diukur dengan biaya
Pada setiap tanggal laporan keuangan, Perusahaan

mengevaluasi apakah terdapat bukti objektif bahwa
suatu investasi mengalami penurunan nilai. Jika
terdapat bukti objektif bahwa suatu investasi
mengalami penurunan nilai, penurunan tersebut
dibebankan dalam laporan laba rugi komprehensif di
Perusahaan mengklasifikasikan instrumen keuangan

dalam bentuk asset keuangan dan liabilitas
keuangan. Aset dan liabilitas keuangan diakui
pertama kali pada nilai wajar termasuk biaya
transaksi. Aset dan liabilitas keuangan ini selanjutnya
diukur pada nilai wajar atau biaya diamortisasi
menggunakan metode bunga efektif sesuai dengan
Aset keuangan dikelompokkan menjadi

kategori, yaitu (i) aset keuangan yang diukur pada
nilai wajar melalui laporan laba rugi komprehensif, (ii)
pinjaman yang diberikan dan piutang, (iii) investasi
yang dimiliki hingga jatuh tempo serta
keuangan yang tersedia untuk dijual. Klasifikasi ini
tergantung dari tujuan perolehan aset keuangan
tersebut. Manajemen menentukan klasifikasi aset
keuangan tersebut pada saat awal pengakuannya.
(i) Aset keuangan yang diukur pada nilai wajar
melalui laporan laba rugi komprehensif
Aset keuangan yang diukur pada nilai wajar
melalui laporan laba rugi komprehensif adalah
yang ditujukan
diperdagangkan. Aset keuangan diklasifikasikan
sebagai diperdagangkan jika diperoleh terutama
untuk tujuan dijual atau dibeli kembali dalam
waktu dekat dan terdapat bukti mengenai pola
ambil untung dalam jangka pendek yang terkini.
diklasifikasikan sebagai
diperdagangkan kecuali telah ditetapkan dan
efektif sebagai instrumen lindung nilai.
2013 dan 31 Desember 2012,
mprehensive
-derivative
t quoted in an
nilai wajarnya ditambah biaya transaksi dan

selanjutnya diukur pada biaya perolehan
diamortisasi dengan menggunakan metode suku
2013 dan 31 Desember

Perusahaan mempunyai kas dan setara kas,
piutang usaha, piutang retensi, piutang karyawan,
dan piutang lain-lain yang diklasifikasikan sebagai
(iii)Investasi yang dimiliki hingga jatuh tempo

Investasi yang dimiliki hingga jatuh tempo adalah
investasi non-derivatif dengan pembayaran tetap
atau telah ditentukan dan jatuh temponya telah
ditetapkan, dimana manajemen mempunyai
intensi positif dan kemampuan untuk memiliki
aset keuangan tersebut hingga jatuh tempo.
Pada saat pengakuan awal, investasi dimiliki
hingga jatuh tempo diakui pada nilai wajarnya
ditambah biaya transaksi dan selanjutnya diukur
pada biaya perolehan diamortisasi dengan
menggunakan metode suku bunga efektif.
Perusahaan mempunyai promissory notes yang
diklasifikasikan sebagai investasi dimiliki hingga
Aset keuangan dalam kelompok tersedia untuk

dijual adalah aset keuangan non-derivatif yang
ditetapkan untuk dimiliki selama periode tertentu,
dimana akan dijual dalam rangka pemenuhan
likuiditas atau perubahan suku bunga, valuta
asing atau yang tidak diklasifikasikan sebagai
pinjaman yang diberikan atau piutang, investasi
yang diklasifikasikan dalam kelompok dimiliki
hingga jatuh tempo atau aset keuangan yang
diukur pada nilai wajar melalui laporan laba rugi
Pada saat pengakuan awal, aset keuangan

tersedia untuk dijual diakui pada nilai wajarnya
ditambah biaya transaksi dan selanjutnya diukur
pada nilai wajarnya dimana laba atau rugi diakui
pada laporan perubahan ekuitas kecuali untuk
penurunan nilai dan laba rugi dari selisih kurs
hingga aset keuangan dihentikan pengakuannya.
Jika aset keuangan tersedia untuk dijual
mengalami penurunan nilai, akumulasi laba rugi
yang sebelumnya diakui pada bagian ekuitas
akan diakui pada laporan laba rugi komprehensif.
Sedangkan pendapatan bunga yang dihitung

menggunakan metode suku bunga efektif dan
keuntungan atau akibat perubahan nilai tukar
dari aset moneter yang diklasifikasikan sebagai
kelompok tersedia untuk dijual diakui pada
2013 dan 31 Desember 2012
Perusahaan mempunyai aset keuangan yang
diklasifikasikan sebagai investasi saham diukur
Liabilitas keuangan dikelompokkan ke dalam kategori

(i) Liabilitas keuangan yang diukur pada nilai wajar
melalui laporan laba rugi komprehensif dan
Liabilitas keuangan yang diukur dengan biaya
(i) Liabilitas keuangan yang diukur pada nilai

wajar melalui laporan laba rugi komprehensif
Nilai wajar liabilitas keuangan yang diukur pada
nilai wajar melalui laporan laba rugi komprehensif
adalah liabilitas keuangan yang ditujukan untuk
Liabilitas
diklasifikasikan sebagai diperdagangkan jika
diperoleh terutama untuk tujuan dijual atau dibeli
kembali dalam waktu dekat dan terdapat bukti
mengenai pola ambil untung dalam jangka
pendek terkini. Derivatif diklasifikasikan sebagai
Liabilitas diperdagangkan kecuali ditetapkan dan

Perusahaan tidak memiliki liabilitas keuangan
yang diukur pada nilai wajar melalui laporan laba
(ii) Liabilitas keuangan yang diukur dengan biaya
Liabilitas keuangan yang tidak diklasifikasikan

sebagai Liabilitas keuangan yang diukur pada
nilai wajar melalui laporan laba rugi komprehensif
dikategorikan dan diukur dengan biaya perolehan
diamortisasi dengan menggunakan metode suku

Perusahaan memiliki liabilitas keuangan yang
diukur dengan biaya perolehan diamortisasi.
Penyisihan kerugian penurunan nilai aset keuangan
Perusahaan menentukan secara individual jika
terdapat bukti objektif mengenai penurunan nilai atas
aset keuangan. Jika terdapat bukti objektif penurunan
nilai secara individual, maka perhitungan penurunan
nilai dengan menggunakan metode discounted cash

Untuk aset keuangan yang tidak terdapat bukti

objektif mengenai penurunan nilai, maka Perusahaan
membentuk penyisihan penurunan nilai secara
kolektif. Perhitungan secara kolektif dilakukan dengan
formula tertentu. Setiap tahun Perusahaan akan
mengkaji basis formula tersebut sampai dengan
diperoleh data historis yang memadai.
Nilai wajar untuk instrumen keuangan yang

di pasar
berdasarkan nilai pasar yang berlaku pada laporan
posisi keuangan. Investasi pada efek ekuitas yang
nilai wajarnya tidak tersedia dicatat sebesar biaya
Nilai wajar untuk instrumen keuangan lain yang tidak

diperdagangkan di pasar ditentukan dengan
menggunakan teknik penilaian tertentu.
Aset keuangan dan liabilitas keuangan yang diukur
dengan biaya perolehan diamortisasi, disajikan
sebesar nilai tercatat yang nilainya mendekati nilai
wajar pada 30 Juni 2013 dan 31 Desember 2012.
Piutang retensi merupakan piutang Perusahaan kepada

pemberi kerja yang akan dilunasi setelah penyelesaian
kontrak atau pemenuhan kondisi yang ditentukan
kontrak. Piutang retensi dicatat pada saat pemotongan
sejumlah persentase tertentu dari setiap tagihan termin
untuk ditahan oleh pemberi kerja sampai suatu kondisi
setelah penyelesaian kontrak dipenuhi.
Tagihan Bruto kepada Pengguna Jasa

Tagihan bruto kepada pemberi kerja merupakan
piutang Perusahaan yang berasal dari pekerjaan
kontrak konstruksi yang dilakukan namun pekerjaan
yang dilakukan masih dalam pelaksanaan. Tagihan
bruto disajikan sebesar selisih antara biaya yang
terjadi ditambah laba yang diakui dikurangi dengan
Tagihan bruto diakui sebagai pendapatan sesuai

dengan metode presentase penyelesaian yang
dinyatakan dalam berita acara penyelesaian pekerjaan
yang belum diterbitkan faktur karena perbedaan antara
tanggal berita acara kemajuan (progress) fisik dengan
pengajuan penagihan pada tanggal laporan posisi
Biaya Dibayar di Muka merupakan biaya yang telah

dibayar namun pembebanannya baru akan dilakukan
pada periode yang akan datang, seperti premi
asuransi dibayar dimuka, bunga dibayar dimuka, dan
sewa dibayar dimuka. Biaya dibayar di muka
PT WASKITA KARYA (PERSERO) TbPT WASKITA KARYA (PERSERO) Tbk

CATATAN ATAS LAPORAN KEUAN NOTES TO THE FINANCIAL STATEMENTS
(Continued)
Untuk Periode Enam Bulan yang Berakhir pada 30For the Six Months Period Ended June 30, 2013 and
2013 dan Tahun yang Berakhir pada 31 DesembeFor the Year than Ended December 31, 2012
(In Rupiah)
2.j. Inventories
Persediaan diukur berdasarkan biaya yang melipuInventories are measured according to the cost that
semua biaya pembelian, biaya konversi, dan biayacovers all of the purchasing cost, conversion cost, and
yang timbul sampai persediaan berada dalam konother costs that arisen until the inventories placed in
dan tempat yang siap untuk dijual atau dipakai. condition and location where it is available for sale or
use.
Pengadaan bahan bangunan untuk usaha The procurement of materials for construction service is
konstruksi langsung dibukukan pada perkiraan Bi directly recorded at material cost account. The
Bahan. Sisa bahan di proyek setiap akhir bulan remaining materials in each project are counted and
dihitung dan dibukukan pada perkiraan Persediaarecorded to Material Inventory account at cost using the
Bahan dengan harga perolehan berdasarkan padFirst-in First-Out (FIFO) method and would be reversed
(First in First Out) dan dibukukan back as material cost in the beginning of the following
kembali sebagai biaya bahan pada awal bula month.
Persediaan tanah kavling untuk usaha sarana pa Land inventories for housing are recorded at costs using
dinilai dengan menggunakan harga beli ditam the acquisition cost plus other expenditures incurred to
dengan biaya lain-lain yang dikeluarkan sampamake the land are ready for sale (with certificate).
dengan tanah tersebut siap dijual (bersertifikat).
Persediaan dinyatakan sebesar nilai yang lebih r Inventories are stated at the lower of the cost or net
antara harga perolehan dengan nilai realisasi bersrealizable value.
inventories is
berdasarkan penelahaan fisik persediaan pada akallocated based on physical assessment at the end of
the period.
2.k. Fixed Assets
dipertanggungjawabkan dengan
menggunakan model biaya dan dinyatakan
berdasarkan biaya perolehan setelah dikurangi
akumulasi penyusutan. Aset tetap, kecuali tanah,
disusutkan dengan menggunakan metode saldo
menurun ganda dan garis lurus (untuk gedung dan
bangunan) dengan taksiran masa manfaat ekono the assets as follows:
Masa Manfaat /
Useful Lives
20 Tahun/Year
8 Tahun/Year
Perlengkapan Kantor dan Peralatan Proyek 2-8 Tahun/Year
Biaya perbaikan dan pemeliharaan dibebankan pada
laporan laba rugi komprehensif pada saat terjadinya
biaya-biaya tersebut, sedangkan pengeluaran dalam
jumlah besar dan sifatnya meningkatkan kondisi aset
secara signifikan dikapitalisasi. Pengeluaran setelah
perolehan awal aset tetap akan ditambah (kapitalisasi)
pada jumlah tercatat aset yang bersangkutan.
Apabila suatu aset tetap tidak dipergunakan lagi atau
dilepas, nilai tercatat dan akumulasi penyusutannya
dikeluarkan dari pencatatannya sebagai aset tetap
dan keuntungan atau yang timbul dilaporkan dalam
laporan laba rugi komprehensif tahun berjalan. current year statements of income.

An item of fixed assets is derecognized upon disposal

or when no future economic benefits are expected from
its use or disposal. Any gain or loss arising on
derecognition of the asset (calculated as the difference
(dihitung between the net disposal proceeds and the carrying
amount of the asset) is included in the statements of
comprehensive income in the period/year the asset is
derecognized.
At the end of reporting period/year end, the Company

periodically reviews the useful lives of the assets,
asset’s residual value, depreciation method and
the remaining usage expectation based on technical
specification.
2.l. Other Assets
Accounts that cannot be classified into current assets,
investment, or intangible assets are presented as
the other assets.
Deferred expense such as land right is recorded at cost
of acquisition or cost of renewal right. Deferred expense
of right is amortized over useful life or economic life of
land, whichever is shorter.
2.m. Impairment of Non-Financial Assets

At the end of the reporting period, the Company will
assess whether there is an indication of assets
impairment. If such indication exists, the Company
estimates the recoverable amount of an asset or cash-
generating unit is the higher amount between the fair
value less costs to sell and value in use. If
the recoverable amount of an asset is less than its
carrying amount, the carrying amount of an asset
should be determined by the amount recoverable.
Impairment loss is recognized immediately in profit or
loss.
Recovery of impairment losses of assets which has
been recognized in prior periods are recorded when
there is indication of impairment of the asset no longer
exists or decreases. Recovery of impairment losses of
assets recognized in the statement of comprehensive
income. However, the increase in the carrying value of
assets due to the recovery of an impairment loss is
(setelah dikurangi recognized as along as do not exceed the carrying
amount that would have been d
depreciation and amortization) if no impairment losses
recognized in prior years.
2.n. Gross Amount Due to Subcontractors
Gross amount due to the third parties represents
uncertified subcontractor’s working progress, either from
subcontractor or materials which are recognized as
progress as it has not fulfilled the certain payment
condition as stated in the contract.
2010) berlaku sejak 1
2012. Jika kemungkinan besar terjadi total
ecognized when the

Revenue from rental
amount of time use
s recognized by
dengan metode full accrual, yang dinyatakan dalam
(Revisi 2010
Pengembangan Real Estat, berlaku sejak 1 Januari
2012, jika seluruh syarat berikut dipenuhi:
(i) Pengikatan jual beli telah berlaku;
(ii) Harga jual akan tertagih, dimana jumlah
pembayaran yang diterima sekurang-kurangnya
(iii) Tagihan penjual terhadap pembeli pada masa yang

akan datang bebas dari subordinasi terhadap utang
(iv) Penjual telah mengalihkan risiko dan manfaat

kepemilikan unit bangunan kepada pembeli sebagai
- Untuk penjualan bangunan rumah beserta tanah

jika telah terjadi pengalihan seluruh risiko dan
manfaat kepemilikan yang umum terdapat pada
suatu transaksi penjualan, dan penjual
selanjutnya tidak mempunyai liabilitas atau terlibat
lagi secara signifikan dengan aset
tersebut. Dalam hal ini bangunan tersebut telah
siap ditempati/digunakan, dan
penjualan tanah
bangunannya akan dilaksanakan oleh pembeli
selesainya pengembangan lingkungan
dimana tanah tersebut berada, yaitu penjual tidak
mempunyai liabilitas yang signifikan lagi untuk
menyelesaikan lingkungan seperti pematangan


Apabila semua persyaratan tersebut diatas tidak

dipenuhi, semua penerimaan uang yang berasal dari
pelanggan dicatat sebagai uang muka dari pelanggan
dengan menggunakan metode deposit
method), sampai semua persyaratan dipenuhi. Beban
diakui pada saat terjadinya, dengan menggunakan
Biaya pinjaman yang secara langsung dapat

diatribusikan dengan perolehan konstruksi, persediaan
realty-property, atau produksi suatu aset tertentu
dikapitalisasi sebagai bagian dari biaya perolehan aset
Jumlah biaya pinjaman yang dikapitalisasikan adalah

seluruh biaya pinjaman (bunga, diskonto, biaya-biaya
yang terkait) selisih kurs dari pinjaman yang tidak
(hedging) yang timbul selama
peminjaman dana tersebut dikurangi dengan
pendapatan bunga yang diperoleh dari investasi
sementara atas nama dana hasil pinjaman yang
Konstruksi yang termasuk dalam perolehan aset

tertentu adalah proyek-proyek pre-financing yang
pembangunannya membutuhkan waktu lebih dari satu
Transaksi dan Penjabaran Laporan Keuangan
menentukan mata
fungsionalnya dan mengukur hasil operasi dan posisi
keuangannya dalam mata uang tersebut. Selanjutnya
menyertakan transaksi mata uang asing dan operasi
luar negeri dalam laporan keuangan Perusahaaan dan
mentranslasikan laporan keuangan ke dalam mata
1. Mata Uang Fungsional dan Penyajian

laporan keuangan
menggunakan mata uang Rupiah, sedangkan
penyajian laporan keuangan atas kegiatan diluar
negeri menggunakan mata uang negara setempat.
Setiap periode dilakukan penggabungan laporan
keuangan Kantor Cabang Luar Negeri dengan
laporan keuangan unit bisnis di Indonesia.
Penggabungan laporan keuangan Kantor Cabang
dan Proyek di Luar Negeri dengan laporan
Transaksi-transaksi dalam tahun berjalan yang

menggunakan mata uang yang bukan Rupiah
dicatat dengan kurs yang berlaku pada saat
terjadinya transaksi. Pada setiap tanggal pelaporan,
aset dan liabilitas moneter dalam mata uang yang
bukan Rupiah disesuaikan untuk mencerminkan
akibat
adalah entitas
menyelenggarakan program
(a)
2.s. Income Taxes

deffered assets and liabilities.
tax regulation.
2.t. Employee Benefits Liabilities
organized by PT Asuransi Jiwasraya
imbalan pasca kerja,
PT Asuransi Jiwasraya (Persero).
Actuarial gains
assets or
recognize gain or actuarial, which used

approach.
rights (vesting period).
2.u. Accounting for Joint Venture
into two categories as follows:
the JO (integrated).
operations of the JO.
masa kontrak lebih
is recorded into
Venture”.
Januari 1,
h obtained from
2012 the Company’s portion on the net
ocation recorded as
“ Investments in Joint
e (loss) on accounts

2.v. Earnings per Share

Earnings per share are computed by dividing residual
net income with weighted average number of ordinary
shares during the year. The number of weighted
average shares outstanding for the calculation of basic
earnings per share amounted to 6.659.702.082 and
6.659.702.082 masing-masing 18,000,000 as of June 30, 2013 and December 31,
2012
2.w. Bond and Shares Issuance Costs
Bond issuance and stock costs are transaction costs to
be deducted from the proceeds in order to determine
the net proceeds of bonds. The difference between
the net proceeds and the nominal value is a discount or
premium and will be amortized over
bonds.
Share issuance costs are deducted from additional
paid in capital and not amortized. Stock issuance costs
are presented as a deduction of additional paid-in
capital and not amortized.
2.x. Segment Information
Segment information is presented based on
the classification of type of business as form of primary
segment reporting and the classification of type of
geographic area in form of secondary segment
reporting.
Primary segment information of the Company is
presented based on the classification of type of
business. Business segment is components that can
be use and produce a product or different service.
Geographic segment is component that can be
differentiated in produce a product or service on
the environment (region) specific economic.
2.y. Management and Employee Stock Ownership Plan
(MESOP) Replacement Program
The Company provides stock option program to their
eligible employees and members of management
(MESOP). The program consists of stock option plan
(pengaturan pembayaran that upon exercise is settled through issuance of shares
(payment share arrangement which settled by
the equity instrument) which is accounted as equity
transaction. Share based payments is settled by
the equity instrument to member of management and
others providing similar services are measured at
the fair value of the equity instruments at the grant
date.
The fair value determined at the grant date of
payment of share option which settled by the equity
instrument is recorded as expenses on the straight line
method over the vesting period, based on
the Company’s estimate of equity instruments that will
eventually vest, with a corresponding increase in
equity.


Pada setiap akhir periode pelaporan, Perusahaan

mengubah estimasi dari jumlah instrumen ekuitas yang
diharapkan akan diberikan. Dampak dari perubahan
atas estimasi awal, jika ada, diakui dalam laporan laba
rugi komprehensif sebagai biaya kumulatif yang
perubahan estimasi,
penyesuaian berdasarkan cadangan imbalan kerja yang
diselesaikan dengan instrumen ekuitas.
Penyusunan laporan keuangan Perusahaan sesuai

dengan prinsip akuntansi yang berlaku umum
mengharuskan manajemen untuk membuat estimasi
dan asumsi yang mempengaruhi jumlah aset dan
liabilitas pada tanggal laporan keuangan serta jumlah
pendapatan dan beban selama tahun pelaporan. Nilai
aset, liabilitas, pendapatan dan beban sebenarnya
Perusahaan melakukan penelaahan atas masa
manfaat ekonomis aset tetap berdasarkan faktor-faktor
serta kondisi teknis dan perkembangan teknologi di
masa depan. Hasil operasi di masa depan akan
dipengaruhi atas perubahan estimasi yang diakibatkan
Nilai kini liabilitas imbalan pascakerja tergantung pada

beberapa faktor yang ditentukan dengan dasar
aktuarial berdasarkan beberapa asumsi. Asumsi yang
digunakan untuk menentukan biaya (penghasilan)
pensiun neto mencakup tingkat diskonto. Perubahan
asumsi ini akan mempengaruhi jumlah tercatat imbalan
Penyisihan Penurunan Nilai Piutang

piutang ditentukan
memperhitungkan penurunan nilai yang
permanen dan nilai tercatatnya dikurangi untuk
mengakui penurunan tersebut. Asumsi yang digunakan
untuk menentukan penyisihan penurunan nilai piutang
didasarkan penilaian secara individual atas piutang
masing-masing debitur (pemberi kerja).
Menentukan provisi atas pajak penghasilan badan

mewajibkan pertimbangan signifikan oleh manajemen.
Terdapat transaksi dan perhitungan tertentu yang
penentuan pajak akhirnya adalah tidak pasti sepanjang
kegiatan usaha normal. Perusahaan mengakui liabilitas
atas pajak penghasilan badan berdasarkan estimasi
apakah akan terdapat tambahan pajak penghasilan

(Continued)
(In Rupiah)
Provisions and Contingencies
The company is currently involved in legal proceedings
and tax. Management assessment to distinguish
between provisions and contingencies primarily through
consultation with legal counsel which handling
the Company's legal and tax.
The Company prepares the appropriate provisions for
legal proceedings current or constructive liability, if
any, in accordance with the provision policy. In
recognition and measurement of provisions,
the management took a risk and uncertainties.
On June 30, 2013, the Company believes that these
processes do not significantly affect the financial
statements.
3. Cash and Cash Equivalents
31 Desember
2012/ December
31, 2012
Rp
1,482,250,458 Cash on Hand
Cash in Banks
Related Parties
Rupiah
408,605,053,346 PT Bank Negara Indonesia (Persero) Tbk
475,743,929 PT Bank Rakyat Indonesia (Persero) Tbk
153,782,792,692 PT Bank Mandiri (Persero) Tbk
4,281,860,344 PT Bank Tabungan Negara (Persero) Tbk
4,498,423,352 PT Bank Syariah Mandiri
121,198,945 PT Indonesia EximBank
US Dollar
9,195,043,542 PT Bank Rakyat Indonesia (Persero) Tbk
21,913,151,474 PT Bank Mandiri (Persero) Tbk
Japan Yen
Singapore Dollar
43,102,106 PT Bank Negara Indonesia (Persero) Tbk
Euro
119,153,730 PT Bank Mandiri (Persero) Tbk
633,019,618,630 Total
Third Parties
Rupiah
103,499,277,208 PT Bank Panin Tbk
1,924,679,264 PT BPD Nusa Tenggara Barat
587,530,269 PT BOT Mitsubishi
536,559,000 PT Bank Bukopin Tbk
560,349,031 PT BPD Jabar dan Banten Tbk
83,718,894,478 PT BPD Riau
500,610,586 PT BPD Nusa Tenggara Timur
1,438,000 PT Bank ChinaTrust
3,330,069 PT BPD Jawa Tengah

US Dollar
161,439,683 PT BOT-Mitsubishi
30 Juni 2013/
June 30, 2013
Rp
--
--
--
--
--
--
--
857,464,645,512
4,1% - 8%
30 Juni 2013/
June 30, 2013
Rp
24,276,133,745
24,276,133,745
5.469.000.000, Represent
30 Juni 2013/
June 30, 2013
Rp
338,940,954,781
800,739,491,281
-2,053,081,445
1,137,627,364,617
694,031,896,474
--
356,943,510
18,720,000

(Continued)
(In Rupiah)
31 Desember 2012/
December 31, 2012
Rp
Less: Allowance for Impairment Losses of
-20,767,000,159 Receivables
607,197,604,777 Total Third Parties
1,464,269,820,927 Total Accounts Receivable
The details of related parties accounts receivable are as
follows:
Rp
Related Parties
96,337,998,168 PT Kertas Leces (Persero)
106,452,460,683 PT Jasa Marga Bali Tol
26,260,305,600 PT Dok Kodja Bahari (Persero)
21,344,135,135 PT PLN (Persero)
47,154,686,000 PT Angkasa Pura I (Persero)
19,439,253,214 PT Pelabuhan Indonesia II (Persero)
48,433,100,773 PT Trans Marga Jateng
-- PT Semen Padang (Persero)
-- PT Hotel Indonesia Natour (Persero)
-- PT Jasa Marga (Persero)
36,600,668,949 Others (less than Rp 10 Billion each)
402,022,608,522 Total Related Parties
The details of third parties accounts receivable are as
Rp
Third Parties
51,646,543,408 PT Tapin Coal Terminal
192,583,151,060 The Distric Governments
60,623,046,022 Bin Ladin Contractor Group LLC
23,945,979,665 PT Broadbiz Asia
37,030,859,221 The Ministry of Public Works
20,653,015,888 PT Indonesian Paradise Island
-- PT Hermes Realty Indonesia
-- PT Pardika Wishi Sarana
-- PT Mega Pasanggrahan Indah
52,870,884,754 PT Adhita Serayakorita
11,216,340,862 PT Sumber Mesin Raya
11,040,000,000 PT Puradelta Lestari
15,529,162,931 The Ministry of Transportation
12,530,618,182 The Istiqlal Mosque Management Board
-- University of Indonesia
-- PT Mandara Permai
129,033,699,391 Others (less than Rp 10 Billion each)

While the details of Joint Venture account receivables are as

follows:
30 Juni 2013/ 31 Desember
June 30, 2013 2012/ December
31, 2012
Rp Rp
89,908,064,908 50,800,223,986
75,321,360,836 22,883,523,477
53,492,792,162 53,492,792,162
46,016,902,782 45,688,265,782
44,390,552,929 30,194,326,284
42,162,769,441 --
40,980,814,438 --
40,292,136,908 15,823,500,264
37,184,703,387 49,540,622,185
35,869,292,310 15,245,057,526
33,396,335,027 --
29,903,658,585 29,903,658,585
26,922,221,581 26,922,221,581
22,132,858,703 --
19,311,270,298 --
18,607,459,357 --
17,276,831,716 11,518,428,444
15,802,101,622 --
15,471,716,254 --
10,451,656,838 --
-- 32,731,455,501
-- 13,274,487,025
-- 3,132,214,761
85,843,991,199 57,758,257,511
800,739,491,281 458,909,035,074
The accounts receivable by
follows:
Rp
Up to 12 Months
1,339,094,187,073 Not Yet Due
115,489,829,614 Past Due
16,248,439,398 >13 - 24 Months - Past Due
9,000,000,000 >25 - 36 Months - Past Due
9,063,792,447 >36 Months - Past Due
1,488,896,248,532 Total
The movements of allowance for impairment losses of
receivable are as follows:
Rp
-29,032,953,367 Beginning Balance of the Period
10,587,158,987 Recovery in Current Period
-6,180,633,225 Addition in the Current Period
-24,626,427,605 Ending Balance of the Period

Manajemen telah membentuk penyisihan penurunan nilai

piutang, berdasarkan secara individual atas masing-masing
Pemulihan atas penyisihan nilai piutang usaha ditahun 2013

merupakan penerimaan termin atas piutang yang telah
Perum Perumnas
Penyisihan penurunan nilai piutang pada

2012 sebesar Rp 24.626.427.605 meliputi piutang-piutang
kepada, PT Basko Minang Plaza, PT Pakuwon Darma, First
Kuwait Trading & Co W.L.L, Flobamora Realty, PT Sijiro
PT Iglas (Persero) dan beberapa
Pemulihan atas penyisihan nilai piutang usaha di tahun

2012 merupakan penerimaan termin atas piutang yang telah
Pakuwon Darma sebesar
430.105.771, PT Sijiro International sebesar
886.460.357 dan pemindahbukuan dari penyisihan
piutang usaha menjadi penyisihan nilai piutang retensi dan
tagihan bruto diantaranya kepada Perum Perumnas sebesar
4.128.279.970, PT Pakuwon Darma sebesar
2.243.561.558, PT Elite Prima Hutama sebesar
Rp 1.140.113.383, dan beberapa perusahaan lainnya.
ng to Accounts Receivable
melaksanaan pekerjaan
Pembagunan Tol Nusa Dua - Ngurah Rai - Benoa
Paket 2 berdasarkan kontrak pekerjaan No. 002/SPP-
6 Pebruari
PT Jasamarga Bali Tol - Proyek Pembagunan Tol

Nusa Dua - Ngurah Rai - Benoa Paket 4
melaksanaan pekerjaan
Pembagunan Tol Nusa Dua - Ngurah Rai - Benoa
Paket 4 berdasarkan kontrak pekerjaan No. 004/SPP-
8 Pebruari
(Persero)
k of Dermaga
6
(Persero) - Proyek
4
k of Dermaga
6
Project
- Proyek Hotel
7
sebesar
8
Project
3 berdasarkan kontrak pekerjaan Package

sebesar
August
210 hari kalender
10
03/KONTR/WK/WB Bahari
(dua) kali addendum kontrak
1/KONTR/WK/WB/Kri/2011 sebesar
and
ro) Tbk (Catatan 18.1), follows:


PT Bank Panin Tbk (Catatan 18.3), nilai piutang proyek

yang dijaminkan adalah sebagai berikut: Plaza Bangkinang
senilai Rp 8.488.571.667, Pembangunan Pengaman Pantai
9.905.455.132, Apartemen Gunawangsa
Rp 36.284.892.083, RSUD Belitung Rp 54.414.019.425,
Pengendalian Banjir Batang Maransi Rp 5.944.353.089,
- Cikampek
Samarinda Medical
Rp 38.494.465.909, Pembangunan RS Pertamina Sentul
87.466.464.517, Pembangunan Water Boom
2.720.287.937, Jalan Pujud-
Mahato Rp 71.150.962.368, PLTU Riau Tenayan Raya
50.673.426.187, Jalan Medan
54.755.343.225, Gedung BNP
dan GOR
PT Indonesia EximBank (Catatan 18.5), nilai piutang proyek

yang dijaminkan terhadap proyek-proyek yaitu proyek
Renovasi Gedung Terminal Selatan Bandar Udara Juanda
sebesar Rp 461.654.147.900 dan proyek Jalan Tol Gempol
(Ruas Gempol
PT Bank UOB (Catatan 18.7), nilai piutang proyek yang

dijaminkan terhadap proyek yaitu proyek pembangunan
relokasi Jalan Tol Surabaya - Gempol (Ruas Porong -
Piutang ventura bersama merupakan piutang termin atas

prestasi pekerjaan fisik yang telah ditagihkan untuk proyek
Kerja Sama Operasi (KSO) dengan bentuk kelola secara
bersama kepada pemberi kerja (owner of the project) dan
biaya-biaya proyek yang dibayarkan dahulu oleh Perusahaan.
Manajemen berpendapat bahwa penyisihan penurunan nilai
piutang usaha kepada pihak ketiga adalah cukup untuk
menutupi yang mungkin timbul dari tidak tertagihnya piutang
Manajemen juga berpendapat bahwa tidak terdapat risiko

yang terkonsentrasi secara signifikan atas piutang kepada
ables are sold in With

(Continued)
(In Rupiah)
6. Retention Receivables
31 Desember 2012/
December 31, 2012
Rp
146,155,099,351 Related Parties
341,814,882,740 Third Parties
487,969,982,091 Total
-12,580,996,476 Retention Receivables
475,388,985,615 Total
The details of retention receivables to related parties are as
follows:
31 Desember 2012/
December 31, 2012
Rp
Related Parties
12,007,309,285 PT Trans Lingkar Kita Jaya
12,442,414,681 PT PLN (Persero)
15,014,603,540 Others (less than Rp 10 Billions each)
146,155,099,351 Total Related Parties Retension Receivables
The details of retention receivables to third parties are as
follows:
31 Desember 2012/
December 31, 2012
Rp
Third Parties
39,318,449,608 The District Governments
18,358,633,647 Bin Laden Contractor Group LLC
-- PT Adhitya Serayakorita
14,819,167,499 Daewoo Engineering Company - South Korea
12,210,199,089 PT Indonesia Paradise Island
10,960,147,195 PT Multi Artha Pratama
-- Univercity of Indonesia
-- PT Marga Lingkar Jakarta
341,814,882,740 Total Third Parties Retension Receivables
The movements of allowance for impairment losses of
retention receivables are as follows:


30 Juni 2013/
June 30, 2013
Rp
-12,580,996,476
867,729,573
--
-11,713,266,903
Manajemen telah membentuk penyisihan penurunan nilai
piutang, berdasarkan penilaian secara individual atas masing-
masing pemberi kerja. Penyisihan penurunan nilai piutang
retensi pada 30 Juni 2013 adalah sebesar nihil.
Terdapat pemulihan atas penyisihan penurunan nilai piutang
retensi di tahun 2013 kepada PT Elite Prima Hutama sebesar
Penyisihan penurunan nilai piutang retensi pada 31 Desember

2012 sebesar Rp 11.819.112.754, meliputi piutang-piutang
kepada Perum Perumnas, PT Elite Prima Hut Rp
Terdapat pemulihan atas penyisihan penurunan nilai piutang

kepada PT Pakuwon Darma sebesar
Rp 3.688.918.520 dan PT Elita Prima Hutama sebesar

piutang adalah cukup untuk menutupi kemungkinan tidak
30 Juni 2013/
June 30, 2013
Rp
75,144,307,748
2,333,333,334
104,072,547
1,840,100
77,583,553,729
Dikurangi: Penyisihan Kerugian Penurunan Nilai Piutang
-47,552,388,629
30,031,165,100
10,986,537,021
10,986,537,021
Dikurangi: Penyisihan Kerugian Penurunan Ni--
10,986,537,021
41,017,702,121
Mutasi penyisihan kerugian penurunan nilai piutang lain-lain
30 Juni 2013/
June 30, 2013
Rp
-47,552,388,629
--
--
-47,552,388,629
(Persero) sebesar
(Persero) yang diberikan berdasarkan
2011 PT Istaka Karya (Persero)
(Persero) menjadi sebesar
tang PT Istaka
2013 terdapat Putusan

(Homologasi)
(Continued)
(In Rupiah)
As of June 30, 2013 and December 31, 2012, the Company
recorded allowance for Impairment receivable to PT Istaka
Karya (Persero) amounting to Rp 47,552,388,629 or by 60%
of value of accounts receivable.
Interest receivable is interest receivable of Promissory Notes
to PT Perusahaan Pengelola Aset 2012 to
December 2012.
The Company’s other receivables represent provision
fee/bank guarantee has been paid in advance by
the Company for the Working Cap (KMK) to
the subcontractors.
Management believes that allowance for impairment losses
of accounts receivables is sufficient to cover the possible
losses on the uncollectible other receivables in the future.
8. Inventories
31 Desember
2012/ December
31, 2012
Rp
392,796,376,529 Construction Raw Material
21,150,635,020 Precast Concrete
795,739,844 Land
598,345,228 Housing
415,341,096,621 Total
-2,802,733,157 Less: Impairment of Inventories
412,538,363,464 Total
The raw material inventories represent construction
materials and equipment supply projects which still available
the warehouse of existing project owned by
the Company. The raw material consists of iron, cement,
diesel, pile, ceramic/marble, traveler form, geotextile,
asphalt, and stone.
Land inventories are land owned by the Company in Bukit
Diponegoro Housing (Semarang), which has a land area of
2,712 m2 with a certificate of land ownership status Right to
Build (HGB).
The precast inventories represents inventory of concrete
products of precast business unit consisting of inventory of
concrete finished good, inventory of raw materials and
supporting materials and inventory of materials in
Berdasarkan penelaahan atas kondisi persediaan,

manajemen membentuk penurunan terhadap nilai
2013 adalah nihil dan 31
Nilai bersih yang dapat di realisasikan adalah taksiran harga

jual wajar dikurangi taksiran biaya untuk memperoleh atau
Tagihan bruto kepada pengguna jasa merupakan piutang

Perusahaan dari pekerjaan yang telah diakui sebagai
pendapatan sesuai dengan metode persentase
penyelesaian yang dinyatakan dalam Berita Acara
Penyelesaian Pekerjaan namun belum diterbitkan faktur
karena perbedaan antara tanggal berita acara fisik dengan
pengajuan penagihan pada tanggal laporan keuangan.
Tagihan bruto kepada pengguna jasa per 30 Juni 2013 dan
30 Juni 2013/
June 30, 2013
Rp
834,754,804,746
-4,128,279,970
830,626,524,776
1,911,927,970,483
-11,606,458,192
1,900,321,512,291
2,730,948,037,067
Rincian saldo Tagihan Bruto Kepada Pihak-pihak Berelasi
30 Juni 2013/
June 30, 2013
Rp
196,420,502,595
124,162,785,017
105,735,406,157
80,600,941,896
65,099,343,869
71,270,204,544
39,992,144,392
--
26,950,048,770
16,075,711,398
37,603,362,000
--
10,042,677,700

(Continued)
(In Rupiah)
31 Desember 2012/
December 31, 2012
Rp
8,652,199,706 PT Semen Padang (Persero)
8,366,826,788 PT Angkasa Pura II (Persero)
35,604,334,930 PT Krakatau Steel (Persero) Tbk
10,005,957,000 PT Pertamina (Persero)
-- PT Rekayasa Industri (Persero)
-- PT Kereta Api (Persero)
883,470,826,592 Total Gross Amount Related Parties
883,470,826,592
The details of gross amount due from customers to third
parties are as follows:
31 Desember 2012/
December 31, 2012
Rp
Gross Amount Due to Third Parties
202,468,998,182 PT BPD Riau
60,555,110,619 PT Basko Minang
51,917,600,000 The University of Indonesia
73,480,936,774 PT Pardika Wisthi Sarana
46,767,085,114 PT Marga Linkar Jakarta
24,076,072,350 PT Mega Pasanggrahan Indah
49,810,548,791 PT Broadbiz Asia
19,543,699,607 PT Putera Mataram Indah Wisata
29,893,357,348 PT Sumber Mesin Raya
-- PT Patria Maritim Industry
14,563,748,713 PT Inti Utama Dharma RE
13,558,284,560 Kopkar of PT IDEC AWI Tarakan
11,508,973,099 PT Indonesian Paradise Island
26,823,285,084 Bin Laden Contractor Group LLC
20,481,038,507 PT Adhitya Serayakorita
-- The State University of Semarang
13,344,983,536 PT Sari Dumai Sejati (SDS)
8,249,074,189 PT Saipem Indonesia
19,041,676,778 PT Pandan Harum Medika
7,799,730,638 PT Trans Heksa Karawang
Hubei Hongyuan Power Engineering,
8,989,325,739 Co. Ltd
6,351,398,338 PT Magna Terra
-- The Ministry of Transportation
--
-- PT Ade Pede Realty
-- PT Prolindo Cipta Nusantara
1,891,432,488,789 Total Third Parties

(Continued)
(In Rupiah)
The movements of allowance for impairment losses of gross
amount due from customers are as follows:
31 Desember 2012/
December 31, 2012
Rp
280,975,709 Recovery in Current Period
-11,008,690,920 Addition in Current Period
s of gross amount due

is nil. As of June 30,
Penyisihan penurunan nilai tagihan bruto sampai dengan

31 Desember 2012 sebesar Rp 15.734.738.162, meliputi
tagihan bruto kepada PT Putera Mataram Indah Wisata,
PT Sapiem Tanjung Balai, Perumnas, dan beberapa
Pada 31 Desember 2012 terdapat pemulihan tagihan bruto

kepada PT Pakuwon Darma sebesar Rp 280.975.709.

tagihan bruto adalah cukup untuk menutupi kemungkinan
Informasi penting lainnya yang berkaitan dengan Tagihan

Bruto Pemberi Kerja Perusahaan sampai dengan 30 Juni
- Kepri

Pembangunan Menara Dang Merdu No. 06/PKS/2010;
418/WK/KONT/WB/2010 dengan nilai sebesar
Terdapat addendum I,
berdasarkan Akta Notaris Yuvita Adriana No. 14 tanggal
14 Januari 2012 dengan perubahan pada nilai kontrak
Berdasarkan Surat Sanggup Bayar tanggal 29 Pebruari

2012, PT Bank Riau Kepri berjanji tanpa syarat untuk
melakukan pembayaran 14 (empat belas) hari setelah
Berita Acara Serah Terima Pertama (BAST I). Sampai
dengan 30 Juni 2013, Perusahaan belum melakukan
serah terima penyelesaian pekerjaan tersebut kepada
PT BPD Riau Kepri, masih menunggu hasil audit BPKP
(BANI) sebagai
2012 dengan nilai
2012 dengan nilai
- Proyek Bandara
26/SPP/PL.02/2011/DU
- Proyek Dermaga
kontrak pekerjaan
1 Nomor
6 Februari 2012
(Jayawijaya) - Proyek
- Mugi (MYC) No.

2
kontrak pekerjaan
198.732.830.000. Terdapat


SNVT Pelaksanaan Jaringan
mendapatkan kontrak
Normalisasi Kali Pesanggrahan Paket
HK.02.02/PPK SP-SNVT PJSACC/X/1888 tanggal 24
2011 dengan nilai kontrak sebesar
Pajak Dibayar di Muka dan Aset Pajak Kini
Pajak Pertambahan Nilai Tahun 2013

Utang Pajak dan Liabilitas Pajak Kini

Pajak atas Pendapatan Non Final


Berdasarkan Peraturan Pemerintah No. 51 tanggal 20 Juli

2008 dan berlaku efektif tanggal 1 Januari 2008 tentang pajak
penghasilan dari usaha jasa konstruksi, semua pendapatan
perusahaan konstruksi dikenakan pajak final. Kecuali atas
PPh Final proyek di Luar Negeri yang belum ditetapkan.
Selama tahun 2013, Perusahaan belum menerima surat
Pada 31 Desember 2012, Perusahaan menerima restitusi

atas SPT PPN masa Januari 2011 dan Surat Ketetapan
Pajak Kurang Bayar Masa Januari sampai dengan
2009:
Masa Pajak/ Nomor SKP/

Tax period SKP Number
Januari 2011/ January 2011 00006/407/11/093/12

Pebruari 2009/ February 2009 00027/207/09/093/12
Maret 2009/ March 2009 00028/207/09/093/12
Agustus 2009/ August 2009 00033/207/09/093/12
September 2009/ September 2009 00034/207/09/093/12
Oktober 2009/ October 2009 00035/207/09/093/12
Nopember 2009/ November 2009 00036/207/09/093/12
Desember 2009/ December 2009 00037/207/09/093/12
11. Uang Muka dan Biaya Dibayar di Muka

31 Juni
2013/June 31,
2013
Rp
125,377,864,627
123,442,633,453
1,197,236,913
--
250,017,734,994
Uang muka pihak ketiga diberikan kepada sub kontraktor,
pemasok dan mandor borong yang bekerja pada proyek yang
dilaksanakan oleh Perusahaan. Penyelesaian uang muka
akan diperhitungkan dengan termin yang akan dibayarkan
Biaya Dibayar Dimuka adalah biaya yang dikeluarkan untuk

proyek-proyek belum berjalan, biaya profisi L/C dan SKBDN.
Penyelesaian Biaya Dibayar Dimuka dilakukan dengan
membebankan biaya tersebut sebagai biaya proyek tahun
Jatuh Tempo
(Persero) dated on July,

Rp
until July 22, 2013.
follows:
Persentase/ Saldo Awal/

Percentage Beginning
Balance
Rp
51% 8,940,241,814
35% --
56% 8,683,022,348
25% 7,448,173,986
57% --
50% 4,292,574,658
34% 4,661,025,350
55% 3,644,332,790
49% --
33% 2,933,562,102
33% --
49% 846,843,924
45% --
40% 799,279,481
57% --
25% 88,166,171
35% --
33% 621,059,569
49% --
97% --
42,958,282,193
follows:

Balance
Rp
51% --
68% 28,427,364,543
70% 13,122,899,012
38% --
40% 7,092,458,296
55% 12,222,358,814
75% 903,173,240
63% 4,144,397,943
30% 21,111,316

Balance
Rp
55% -4,116,779,810
65% 4,239,503,165
40% 1,761,324,915
80% --
80% --
99% --
40% 995,522,241
68% 274,067,367
40% -1,320,291,597
40% 454,434,895
51% 2,194,804,072
55% 1,052,050,539
55% --
67% 829,396,970
55% --
60% 1,020,821,211
55% 1,615,878,755
40% --
55% 613,155,000
51% 224,332,818
65% 298,583,753
51% --
70% --
10% --
60% --
70% --
55% --
70% --
70% --
55% 750,000,000
51% 79,611,337
55% 150,874,788
70% --
55% 1,970,155,261
55% 1,352,704,896.00
75% --
70% 402,193,142.00
40% -1,388,198,646
75% --
51% -5,862,546,584
73,525,361,652
116,483,643,845
agreement.


Perjanjian Ventura Bersama sebagai berikut:

- Adhi - Proyek Bengawan Solo dan Kali

2012 terbentuk Kerjasama Operasi (KSO) untuk
melaksanakan Proyek Bengawan Solo dan Kali Lamong
di Propinsi Jawa Tengah, dengan pembagian
penyertaan PT Waskita Karya (Persero) Tbk sebesar
55% dan PT Adhi Karya (Persero) Tbk 45%.
Waskita - Jakarta Prima Cranes - Proyek SMM Muara

melaksanakan Proyek SMM Muara Taweh di Propinsi
Kalimantan Tengah, dengan pembagian penyertaan
PT Waskita Karya (Persero) Tbk sebesar 67,75% dan
PT Jakarta Prima Cranes 32,25%.
Waskita - PP - Wika - Proyek Jembatan Merah Putih
2012 terbentuk Kerjasama Operasi
melaksanakan proyek Pembangunan Jembatan Merah
Putih di Propinsi Maluku, dengan pembagian penyertaan
(Persero) Tbk sebesar
PT Pembangunan Perumahan (Persero) Tbk sebesar
33%, dan PT Wijaya Karya (Persero) Tbk sebesar 33%.
- Panca Duta Karya Abadi
Pembangunan Kantor Gubernur Papua Barat
Mei 2012 terbentuk Kerjasama Operasi (KSO) untuk
melaksanakan Proyek Pembangunan Kantor Gubernur
Papua Barat di Propinsi Papua Barat, dengan
pembagian penyertaan PT Waskita Karya (Persero) Tbk
51%, dan PT Panca Duta Karya Abadi 49%.
Waskita - Tepat Guna Reforindo - Proyek Pelebaran
Jalan Ampenan - Senggigi - Pemenang
Agustus 2012 terbentuk Kerjasama Operasi (KSO) untuk
melaksanakan Proyek Pelebaran Jalan Ampenan
Senggigi - Pemenang di Propinsi Nusa Tenggara Barat,
dengan pembagian penyertaan PT Waskita Karya
(Persero) Tbk 51%, PT Tepat Guna Reforindo 49%.
Waskita - Brantas - Proyek Pekerjaan Rehabilitasi dan
Rekonstruksi Bangunan Sabo Dam Paket 1
melaksanakan Proyek Pekerjaan Rehabilitasi dan
Rekonstruksi Bangunan Sabo Dam Paket 1 di Propinsi
Daerah Istimewa Yogyakarta, dengan pembagian
penyertaan PT Waskita Karya (Persero) Tbk 57%, dan


Waskita - Brantas - Proyek Pekerjaan Pembangunan

melaksanakan Proyek Pekerjaan Pembangunan
Bendungan Pandanduri di Propinsi Nusa Tenggara
Barat, dengan pembagian penyertaan PT Waskita Karya
(Persero) Tbk 51%, dan PT Brantas Abipraya (Persero)
Waskita - Perdasa - Buluh Perindu - Larasati Indah -

Proyek Jalan Talisayan - Batu Lepok
Oktober 2012 terbentuk Kerjasama Operasi (KSO) untuk
melaksanakan Proyek Pembangunan Jalan Talisayan -
Batu Lepok di Propinsi Kalimantan Timur, dengan
pembagian penyertaan PT Waskita Karya (Persero) Tbk
30%, PT Perdasa 25%, PT Buluh Perindu 27.5% dan
PT Larasati Indah 17.5%.
- IHC Beaver Dredgers BV
Oktober 2012 terbentuk Kerjasama Operasi (KSO) untuk
melaksanakan Proyek Pekerjaan Pengadaan Dredger di
Propinsi Jawa Tengah, dengan pembagian penyertaan
PT Waskita Karya (Persero) Tbk 99%, dan IHC Breaver
Waskita - Wijaya - PP - Hutama - Proyek Pembangunan

Bendungan Jatigede CIC
Februari 2009 terbentuk Kerjasama Operasi (KSO) untuk
melaksanakan Proyek Pembangunan Bendungan
Jatigede CIC di Propinsi Jawa Barat, dengan pembagian
penyertaan PT Waskita Karya (Persero) sebesar 25%,
Perumahan sebesar 25%, dan PT Hutama Karya 25%.

Waskita - CPA - Proyek SPAM Samarinda
melaksanakan Proyek SPAM Samarinda Utara di
Kalimantan Timur, dengan pembagian
penyertaan PT Waskita Karya (Persero) sebesar 65%
dan PT Cahaya Pengajaran Abadi sebesar 35%.
Waskita - Kumudo Intan - Proyek Waduk Rajui

2010 Perusahaan dan PT Kumodo Intan
Kerjasama Operasi
melaksanakan pekerjaan pembangunan Waduk Rajui di
Kabupaten Pidie Porpinsi Nanggroe Aceh Darussalam
dengan pembagian penyertaan masing-masing sebesar
Kalimantan Timur, dengan pembagian

2010, Perusahaan dan PT Yasa Patria
Operasi (KSO)


14. Investasi Pada Entitas Asosiasi

asosiasi didirikan tahun 1995, bergerak di bidang properti,
perdagangan, dan keagenan dan merupakan pemilik
sekaligus pengelola gedung perkantoran Graha Iskandarsyah
di Jalan Iskandarsyah Raya nomor 66C Kebayoran Baru,
Jakarta. Bagian laba penyertaan pada PT IT yang diakui 31
Desember 2012 sebesar Rp 970.623.987. Pada bulan Mei
2012 diterima Dividen sebesar Rp 459.733.013.
Manajemen berpendapat tidak terdapat harga kuotasi dipasar
aktif atas nilai wajar investasi pada entitas asosiasi dan teknik
penilaian tidak dapat digunakan, sehingga nilai wajar
15. Investasi Jangka Panjang Lainnya
Perusahaan memiliki penyertaan sebesar 12,5% dari modal

PT Citra Wasphutowa (PT CW). Perusahaan ini didirikan
sesuai Akta Pendirian dari Notaris Drs. Soegeng Santosa,
SH, MH, Nomor 10 tanggal 13 Januari 2006, bergerak di
bidang pengusahaan jalan tol. Sampai dengan 31 Desember
dilakukan setoran
18.250.000.000. Pada bulan Pebruari
sehingga jumlah setoran modal sampai dengan 30 Juni
o active market price

term investment and
ed, so fair value of
uisition cost.
Saldo Awal /
Beginning Balance
Rp
59,367,538,524
74,628,015,345
10,978,666,602
242,596,756,350
--
13,035,122,665
400,606,099,486
45,382,934,516
6,206,976,506
99,106,354,168
9,976,211,829
160,672,477,019
239,933,622,467
239,933,622,467
Saldo Awal
Rp
59,367,538,524
70,840,447,180
10,619,308,538
194,705,201,412
11,983,546,220
347,516,041,874
41,867,555,165
7,318,508,864
96,368,804,891
9,562,601,517
dan bangunan dijadikan jaminan
18.5) masing-masing
Rp 6.750.000.000,
5.153.000.000, dengan nilai
which obtained before January
June 30, 2013 and 2012:

30 Juni 2012/
June 30, 2012
Rp
--
2,651,397,131
2,651,397,131
31, 2012, are as follows:

Nilai Buku Aset Tetap/
Selling Price of Fixed Assets Book Value of Fixed Assets Tetap/ Gain on Sal
28,741,919
53,721,813
Buildings were
Rp
Periode Asuransi /
Insurance Period
s.d/until
s.d/until
s.d/until
s.d/until
s.d/until
s.d/until
the possible losses.
December 31, 2012

Rp
8,992,763,176 Deferred Contract Expense
7,967,331,837 Software
1,890,993,032 Lands and Buildings
-- Contract Deferred Charges
185,172,655 Fixed Assets are Not Used for Sale
19,036,260,700 Total
423.793.032, tanah
21 Mei
18 Juli 1996, yang
2005 lokasi tanah
1.467.200.000. Apartemen Sahid

2013 dengan nilai sebesar Rp 2.258.400.000.
30 Juni 2013/
June 30, 2013
Rp
293,673,626,011
428,463,952,229
290,871,134,271
183,983,650,174
1,196,992,362,685
31 Desember
2012/ December
31, 2012
Rp
199,721,948,556
149,355,329,359
--
349,077,277,915
1,171,853,481,615
1
a. Revolving
Rp 200,000,000,000.
b. Capital
Rp 800,000,000,000.
d. Letter of
US$ 40,000,000.
number
the
Rp
Rp


d. Satu bidang tanah SHGB No. 38, tanggal 21 April

20 April tahun 2022, seluas
terletak di Kel. Ampenan Selatan, Kec. Ampenan,
Mataram, Nusa Tenggara Barat, a.n. PT Waskita
cabang NTB
Rp 1.332.000.000 sesuai dengan SHT.I No.687/2007.
01/Tangjungbaru
13 Nopember 1987 s/d 13 Oktober 2027,
seluas 1.095 m2, terletak di Desa/Kel. Tanjung baru,
Kec. Sukarame, Bandar Lampung, Lampung, a.n.
PT Waskita Karya (Persero) senilai Rp 30.000.000
sesuai dengan S.Hip. No.3181 dan senilai
Rp 2.222.100.000 diikat SHT II No. 01057/2007.
f. Satu bidang tanah SHGB No. 772 tanggal 31 Maret

19 Desember 2028, seluas
/Kel. Cipinang Cempedak, Kec.
Jatinegara, Jakarta Timur a.n. PT Waskita karya
(Persero) senilai Rp. 1.000.000.000 sesuai dengan
597/T/1995 tgl. 29-09-1995 dan senilai
31.000.000.000 sesuai dengan SHT.I. No.
g. Satu Bidang tanah SHGB No. 4 tanggal 10 Oktober

1988 sampai dengan 19 Desember 2028 seluas
2.511 m2, terletak di Desa/Kelurahan betung-Tebal,
Kec. Lubuk-Begalung, Padang, Sumatera barat, a.n.
PT Waskita Karya (Persero) senilai Rp 651.430.000.
h. Satu bidang tanah SHGB No. 7 tanggal 18 Pebruari

1993 sampai dengan 8 Pebruari 2013, seluas 806
m2, terletak di Kelurahan Belakang Olo, kecamatan
Padang Barat, Padang, Sumatera barat, a.n.
Karya (Persero)
1.270.880.000 sesuai dengan SHT.I.No.
460.020.000 sesuai
dengan SHT.II. No.1151/2007. SHGB tersebut telah
diperpanjang sampai dengan 7 Pebruari 2033.
Satu bidang tanah SHGB No. 436 tanggal 1 Maret

1988 sampai dengan 19 Juni 2032, seluas 1.004
m2, terletak di Desa Sungai Raya, Kodya Pontianak,
Kalimantan Barat, a.n. PT Waskita Karya (Persero)
464.850.000 sesuai dengan SHT.I.No.
747.850.000 sesuai
1085 tanggal
Desember 2006 sampai dengan 23 November 2026,
seluas 1.004 m2, terletak di Kel. Jemur Wonosari,
Kec. Wonocolo, Kodya Surabaya, Jawa Timur, a.n.
Karya (Persero) senilai Rp
2.665.700.000 sesuai dengan SHT.I. No.


k. Satu bidang tanah SHGB No. 82 tanggal 20 Oktober

1988 sampai dengan 13 April 2028, seluas 2.013 m2,
terletak di Kelurahan Kalirungkut, Kodya Surabaya,
Jawa Timur, a.n. PT Waskita Karya (Persero) senilai
2.027.710.000 sesuai dengan SHT.I No.
Satu bidang tanah SHGB No. 2 tanggal 25 Juni 1997

25 Juni
terletak di Kelurahan Pasir Panjang, Kecamatan
Kelapa Lima, Kodya Kupang, Nusa Tenggara Timur,
Waskita Karya
Rp 402.860.000 sesuai dengan SHT.I. No. 390/2001
dan senilai Rp 636.540.000 sesuai dengan SHT.II.
m. Satu bidang tanah SHGB No. 24 tanggal 24 Oktober

1997 sampai dengan 24 Oktober 2017, seluas 595
m2, terletak di Kelurahan Oesapa, Kecamatan
Kelapa Lima, Kodya Kupang, Nusa Tenggara Timur,
49.260.000 sesuai dengan SHT.I.No. 374/2001 dan
Satu bidang tanah SHGB No. 13 tanggal 22 Juli

1993 sampai dengan 22 Juli 2023, seluas 4.830 m2,
terletak di Kelurahan Oesapa, Kecamatan Kelapa
Lima, Kodya Kupang, Nusa Tenggara Timur, a.n.
457.590.000 sesuai dengan SHT.I. No.
Satu bidang tanah SHGB No. 14 tanggal 22 Juli

1993 sampai dengan 22 Juli 2023, seluas 4.800 m2,
terletak di Kelurahan Oesapa, Kecamatan Kelapa
Lima, Kodya Kupang, Nusa Tenggara Timur, a.n.
288.000.000 sesuai dengan SHT.I. No. 375/2001
dan senilai Rp 602.410.000 sesuai dengan SHT.II.
Satu bidang tanah SHGB No. 24 tanggal 11 Juni

1993 sampai dengan 25 Mei 2013, seluas 276 m2,
terletak di Kelurahan Tikala Ares, Kecamatan
Wenang, Kodya Manado, Sulawesi Utara, a.n.
PT Waskita Karya (Persero) senilai Rp 263.530.000,
121.670.000, sesuai dengan SHT.II. No.

667/2007. SHGB tersebut telah diperpanjang
sampai dengan 25 Mei 2033.
Satu bidang tanah SHGB No. 2 tanggal 16 Pebruari
16 Pebruari
17.450 m2, terletak di Desa Kali Jaya, Kecamatan
Cibitung, Kabupaten Bekasi, Jawa Barat, a.n.
Karya
9.273.020.000, sesuai dengan SHT.I.No.
dengan SHT.II. No. 1104/2007.
(Persero) senilai
sesuai dengan
994.180.000
2010, yang diikat fidusia sesuai Akta

29 April 2005
621858 tanggal 15
12 Pebruari 2008
0360531 dan PAA


Seluruh tagihan proyek per 30 Juni

dijaminkan atas utang bank PT Bank BNI (Persero) Tbk
adalah tagihan termin atas proyek GOR Stadion
Balikpapan Kalimantan Timur (Catatan 5).
Total pinjaman kepada PT Bank BNI (Persero) Tbk pada
30 Juni 2013 sebesar Rp 293.673.626.011.
keuangan sebagai berikut: current ratio minimal 1 (satu)
kali, debt equity ratio maksimal 8 (delapan) kali dan debt
service coverage minimal 100%
setiap akhir tahun dan akan dievaluasi oleh Bank.
Perusahaan memperoleh fasilitas kredit dari PT Bank
Mandiri (Persero)Tbk sebagai berikut :
a. Kredit Modal Kerja Revolving I
b. Kredit Modal Kerja Revolving II
c. Kredit Modal Kerja Revolving III
d. Bank Garansi (Non Cash Loan)
e. Trust receipt (Sub limit dari NCL)
LC/SKBDN (Sub Limit dari NCL)
g. Fasilitas Treasury Line
Fasilitas tersebut jatuh tempo tanggal
sesuai dengan
CBG.CB1/SPPK.050/2010 tanggal 14 September 2010
dan telah diperpanjang dengan surat No.
CBG.CB1/SPPK.088/2012 tanggal 08 Nopember 2012
dan telah diubah sesuai surat CBG.CBI/SPPK.098/2012
tanggal 6 Desember 2012. Fasilitas tersebut akan jatuh
tempo pada tanggal 14 Nopember 2013. Atas pinjaman
tersebut Perusahaan dikenakan bunga 9% per tahun.
Fasilitas pinjaman ini dijamin dan diikat dengan:
a. Cash collateral/Deposito Berjangka di PT Bank
Mandiri (Persero) sebesar Rp 8.448.200.000 yang
telah diikat gadai (Catatan 4).
(tiga) bidang tanah berikut bangunan kantor
cabang Pekanbaru, yang telah diserahkan dan
telah diikat Hak Tanggungan
Rp 6.750.000.000.
ctions that are not

y without the prior
g others; transfer
tangankan barang
g the bonds; bind
edge the Company’s
r party; maintain
o be acquired/
uture, it will be used
andiri(Persero) Tbk;


kepada PT Bank Mandiri (Persero) dan afiliasinya untuk

menjadi arranger, underwriter, dan lain-lain dalam hal
perusahaan melakukan corporate action dalam rangka
Total pinjaman kepada PT Bank Mandiri (Persero) TBk

pada 30 Juni 2013 sebesar Rp 290.871.134.271.
keuangan sebagai berikut: current ratio minimal 1 (satu)
kali, debt equity ratio maksimal 4 (empat) kali dan debt
100%. Pemenuhan
pembatasan pinjaman bank dilaporkan oleh
Perusahaan setiap akhir tahun dan akan dievaluasi
3
Perusahaan memperoleh fasilitas pinjaman Money
300 Milyar, dan Garansi Bank Rp
100 Milyar sesuai surat nomor
110/DFI/EXT/11 tanggal 5 Mei 2011. Fasilitas tersebut
dapat digunakan sampai dengan tanggal 31 Desember
2012 dan sudah diperpanjang sampai dengan 24 Mei
2013 sesuai surat nomor 004/DFI-MM/Leg/12. Fasilitas
tersebut diperpanjang sampai dengan 24 Mei 2014. Atas
pinjaman tersebut, Perusahaan dikenakan bunga 7,6%
Seluruh tagihan proyek (piutang usaha) per 30 Juni 2013

yang dijaminkan atas utang bank PT Bank Panin June
adalah sebesar Rp 536.027.497.322. (Catatan 5).
Total pinjaman kepada PT Bank Panin Tbk per 30 Juni

2013 adalah sebesar Rp 150.000.000.000.
Perjanjian ini juga mencakup batasan-batasan yang tidak
diperkenankan dilakukan oleh Perusahaan tanpa
persetujuan tertulis terlebih dahulu dari Bank antara lain
menerima pinjaman atau kredit baru dari bank lain atau
pihak ketiga yang jumlahnya dapat menyebabkan
dilanggarnya rasio keuangan pada financial covenant;
mengikatkan diri sebagai pinjaman terhadap pihak
ketiga; membuka usaha baru selain dari usaha yang
telah ada; membubarkan atau melikuidasi Perusahaan;
usahanya; mengajukan
permohonan untuk dinyatakan pailit atau penundaan
(surseance van
betaling); merubah bentuk hukum atau status hukum
Perusahaan; merubah anggaran dasar Perusahaan;
menyewakan Perusahaan kepada pihak ketiga;
menyewakan/memindah tangankan barang-barang yang
dipergunakan sebagai jaminan; memindahtangankan
Perusahaan dalam bentuk apapun kepada pihak ketiga;
mengeluarkan saham-saham baru dan menjual saham-
saham yang telah ada; membayar hutangnya kepada
ne 30, 2013 and
apital that has been

of the Company’s
1 kali. Pemenuhan
200 Milyar.
28,
Rp 16,186,000,000.
1 (satu) kali. Pemenuhan pembatasan
200.000.000.000 sesuai surat No.


Seluruh tagihan proyek (piutang usaha) per 30 Juni 2013

yang dijaminkan atas utang bank PT Bank Indonesia
EximBank adalah sebesar Rp 695.742.052.900 (Catatan
Total pinjaman kepada PT Indonesia Eximbank pada 30

Juni 2013 sebesar Rp 428.463.952.229.
melakukan merger, akuisisi yang dapat menghambat
kewajiban pembayaran kredit kepada bank; memperoleh
pinjaman baru atas proyek yang telah dibiayai oleh bank;
memperluas atau mempersempit usaha yang dapat
mempengaruhi pengembalian pinjaman; penggunaan
fasilitas kredit selain daripada untuk tujuan pembiayaan
fasilitas kredit; mengajukan permohonan kepailitan
kepada pengadilan; menjual atau memindahkan aset
yang dijadikan jaminan; meminjamkan uang kepada
siapapun , kecuali akibat kegiatan usaha yang normal;
bertindak sebagai penjamin atau menjaminkan harta
Perusahaan diwajibkan untuk mempertahankan debt

3 (tiga) kali. Pemenuhan
dan dievaluasi oleh Bank setiap periode.
Perusahaan memperoleh fasilitas Kredit Modal Kerja sub

limit non cash loan yang dapat digunakan untuk Surat
Kredit Berdokumen Dalam Negeri (SKBDN), LC, dan
Bank Garansi sebesar Rp 250.000.000.000 sesuai surat
Nomor: 286/Bdg-Kom/An/VII/2013 tanggal 4 Juli 2013.
Fasilitas tersebut dapat digunakan sampai dengan 31
has not been used

yet this facility.

memindah tangankan agunan/tagihan termin; mengubah
bentuk objek agunan kredit; memperoleh fasilitas kredit
investasi atau pinjaman lain dari pihak ketiga untuk
proyek yang sama; mengikatkan diri sebagai penjamin
hutang atau menjaminkan harta kekayaan perusahaan
yang dibiayai kepada pihak lain; melakukan merger,
akuisisi yang dapat menghambat kewajiban pembayaran
kreditur dan
pemindahtanganan atau melepaskan hak atas harta
kekayaan selain untuk kegiatan usaha sehari-hari;
mengajukan permohonan dan atau menyuruh pihak lain
mengajukan permohonan kepada Pengadilan untuk
dinyatakan pailit atau penundaan pembayaran hutang,
menjual atau memindahtangankan dengan cara apapun
atau melepaskan sebagian atau seluruh harta kekayaan
ne 30, 2013 and
or all of the rights and

o another party.
Perusahaan memperoleh fasilitas Kredit Working Capital

200.000.000.000 sesuai dengan
perjanjian kredit surat nomor 61 tanggal 10 April 2013.
Fasilitas tersebut dapat digunakan sampai dengan
2014. Atas pinjaman tersebut,
Perusahaan dikenakan bunga 8,5% per tahun.
Perjanjian ini mencakup batasan-batasan yang tidak
diperkenankan dilakukan oleh Perusahaan tanpa
persetujuan tertulis terlebih dahulu dari Bank antara lain:
tidak mengubah bisnis Perusahaan. Perusahaan harus
mempertahankan lisensi penting terkait dengan bisnis
Perusahaan (jika ada). Tidak melakukan pelepasan aset
secara signifikan, tidak terdapat perubahan yang
merugikan kondisi keuangan Perusahaan. Menjaga
rata-rata kepemilikan langsung atau tidak langsung oleh
Pemerintah Indonesia sekurang-kurangnya
sepanjang periode. Menyampaikan progres pekerjaan
bulanan atas proyek yang dibiayai. Menyerahkan
seluruh tagihan yang dikeluarkan atas proyek yang
dibiayai. Menyampaikan seluruh perkara hukum,
perkara administrasi
Memberitahukan bank atas setiap perubahan komposisi
dewan direksi dan dewan komisaris. Memberitahukan
bank atas setiap kegagalan atau potensi kegagalan dan
menyampaikan informasi lainnya sesuai dengan
Perusahaan diwajibkan untuk mempertahankan debt

equity ratio maksimal 3 (tiga) kali, debt service coverage
ratio maksimal 1,5 kali dan current ratio maksimal 1,0
kali. Pemenuhan pembatasan pinjaman bank dilaporkan
oleh Perusahaan setiap akhir tahun dan akan dievaluasi
(piutang usaha) per

2013 yang dijaminkan atas utang bank PT Bank UOB
248.241.861.000
Total pinjaman kepada PT Bank UOB Indonesia pada
30 Juni 2013 sebesar Rp 179.171.948.087.
ne 30, 2013 and
Rp
1,006,702,158,380 Suppliers
605,969,779,035 Subontractors
273,845,721,394 Joint Ventures
45,064,654,733 Rental Equipment
44,622,929,007 Wages
26,610,174,860 Others
2,002,815,417,409 Total
20. Gross Amount Due to Third Parties
Gross amount due to subcontractor represent payable
originated from construction project which are recognized in
accordance with the percentage of completion method as
stated on the certificate of work completion, while
the invoice is still unbilled due to the difference of time
between the signing date of certificate and the date of
invoice billed as of the statement of the financial position
dates. Gross amount due to subcontractors as of June 30,
Rp
-- Building Division
-- Civil Division
-- Regional Division I
-- Regional Division II
-- Regional Division III
-- Regional Division IV
10,027,828,528 EPC Division
580,393,620,138 Division I
365,959,203,467 Division II
168,190,378,359 Division III
174,752,149,735 Division IV
102,661,094,812 Division V
121,960,334,348 Division VI
41,053,247,346 Division VII
1,564,997,856,733 Total

(Continued)
(In Rupiah)
21. Advances on Short-Term Contract
31 Desember
2012/ December
31, 2012
Rp
-- Civil Division
10,294,653,860 EPC Division
117,719,791,016 Division I
34,669,845,779 Division II
103,881,711,382 Division III
39,632,810,667 Division IV
60,144,683,795 Division V
15,346,215,054 Division VI
23,438,589,252 Division VII
405,128,300,805 Total
Advance received for contracts represent an advance of
project implementation which is received from the owners
of projects on short-term construction contracts;
the advances will be offset with the progress of work and
terms of payment in accordance with the progress of work.
22 Accrued Expenses
Rp
5,227,083,797 Bonds Interest Payables
17,512,950,565 General Expenses
961,374,826 Employee Expenses
3,924,384,009 Office Expenses
366,959,971 Projects Operational Charges
700,000 Building Expenses
27,993,453,168 Total
23. Other Short Term Payables
31 Desember
2012/ December
31, 2012
Rp
19,910,072,585 Production Benefits and Tantiem
2,686,600,231 Pension Fund
1,246,184,190 Jamsostek
108,589,627 Building Rent Deposit
23,951,446,633 Total
as follows:
31, 2012
Rp Rp
34,621,941,340 38,889,325,499
19,690,909,090 32,818,181,818
9,911,025,800 15,380,000,000
-- 6,290,849,018
64,223,876,230 93,378,356,335
53,821,271,378 50,594,068,468
-- 66,924,612,182
73,336,218,411 106,634,527,488
19,320,350,967
1,568,984,592 2,172,506,005
33,932,514,272
20,924,449,933
--
202,903,789,553 226,510,505,054
267,127,665,783 319,888,861,389
30 Juni 2013/
June 30, 2013
Rp
750,000,000,000
-2,868,723,464
617,816,565
747,749,093,101
2,868,723,464
-617,816,565
2,250,906,899
4,
58 tanggal
”Obligasi II
details:
Serie A
(tujuh puluh lima
(sembilan koma tujuh lima
3 (tiga) bulan, sesuai

2.828.723.464
411/PEF-Dir/III/2013 tanggal 4
(satu berbanding
(tiga koma lima
13 Tahun 2003
2013 dan 2012 sebagai

Rp Rp
TMI 2011 TMI 2011
8% 8%
5,5% 5,5%
PUC PUC
2013 dan 31
31 Desember 31 Desember
2011/ December 2010/ December
31, 2011 31, 2010

Rp Rp
127,759,202,505 113,461,275,847
-99,595,249,580 -84,493,211,758
28,163,952,925 28,968,064,089
-63,293,906,018 -60,877,698,897
-35,129,953,093 -31,909,634,808
a. Share Capital
30 Juni 2013/ June 30, 2013

Jumlah Saham / Nilai Nominal /
Total Shares Par Value
26,000,000,000 100
1 100
6,549,920,999 654,992,099,900
79,799,500 7,979,950,000
3,002,515,500 300,251,550,000
9,632,236,000 963,223,600,000
2012
follows:
Jumlah Saham / Nilai Nominal /
Total Shares Par Value

26,000,000,000 100
1 100
6,549,920,999 654,992,099,900
79,799,500 7,979,950,000
3,002,515,500 300,251,550,000
9,632,236,000 963,223,600,000


Berdasarkan Akta Perubahan Anggaran Dasar Perusahaan

PT Waskita Karya (Persero) No. 36 tanggal 21 Oktober
2005 yang dibuat dihadapan Imas Fatimah SH, ditetapkan
modal dasar
tersebut telah ditempatkan dan disetor penuh sebanyak
Berdasarkan Akta No. 140 tanggal 20 Juli 2010, yang dibuat

dihadapan Sutjipto, SH, Notaris di Jakarta, terdapat
perubahan anggaran dasar mengenai perubahan Modal
Dasar Perusahaan sebesar Rp 720.000.000.000, terbagi
atas 20.186.900 saham, yang terbagi dari 186.900 saham
seri A Dwi Warna, masing-masing saham dengan nilai
1.000.000, dan
masing-masing saham dengan nilai nominal Rp 26.655.
dasar telah
Rp 654.992.100 dan diambil bagian oleh Negara Republik
Indonesia sebanyak 180.000 saham seri A Dwi Warna atau
sebesar Rp 180.000.000.000 dan Perusahaan Pengelola
Asset sebanyak 17.820.000 saham seri B atau sebesar
Rp 474.992.100.000. Seluruh saham tersebut berjumlah
654.992.100.000, telah disetor penuh ke kas
Berdasarkan Akta No. 57 tanggal 24 Oktober 2012 yang

dibuat dihadapan Fathiah Helmi, SH di Jakarta, terdapat
perubahan anggaran dasar mengenai perubahan Modal
Dasar Perusahaan sebesar Rp 2.600.000.000.000, terbagi
atas 1 (satu) saham seri A Dwiwarna dan 25.999.999.999
saham seri B, masing-masing saham dengan nilai nominal
Rp 100. Dari modal dasar telah ditempatkan dan disetor
Berdasarkan Akta No 29 tanggal 29 January 2013 dari

Fathiah Helmi, SH Notaris di Jakarta, terdapat perubahan
anggaran dasar mengenai perubahan peningkatan modal
dan disetor
9.632.236.000, yang terdiri dari 1 saham seri A Dwiwarna
dan 9.632.235.999 saham seri B, masing-masing dengan
nilai nominal sebesar Rp 100 atau dengan nilai seluruhnya
28. Tambahan Modal Disetor

Merupakan agio saham yang berasal dari penawaran umum
perdana saham Perusahaan setelah dikurangi dengan biaya
emisi saham, dengan perincian sebagai berikut:


Biaya Emisi Saham telah di audit oleh Akuntan Independen

05 Pebruari
dengan laporan Nomor : 007/SMR/LAI-VIPO/WK/II/2013
Berdasarkan Surat Menteri Badan Usaha Milik Negara

(BUMN) No. S-576/MBU/2012 tanggal 23 Oktober 2012
mengenai Persetujuan Penawaran Umum Perdana Saham
(Initial Public Offering/IPO), menyetujui penawaran umum
perdana saham paling banyak 30% dari modal ditempatkan
dan disetor penuh setelah IPO, termasuk program
(MESOP) dari modal
Pernyataan Persetujuan Menteri BUMN tersebut telah
diaktakan melalui Akta Notaris No. 57 tanggal 24 Oktober
2012, Notaris Fathiah Helmi SH, Notaris di Jakarta dan
telah didaftarkan untuk memperoleh pengesahan kepada
Menteri Hukum dan Hak Asasi Republik Indonesia dengan
Pemberitahuan No.
54929.AH.01.02 tahun 2012, tanggal 24 Oktober 2012.
Berdasarkan Keputusan Direksi PT Waskita Karya

023/SK/WK/2012 dan Nomor
08/SK/WK/PEN/2013, Direksi memutuskan tentang
Program Pemberian Opsi Pembelian Saham kepada
Manajeman dan Pegawai (Management & Employee Stock
(MESOP)) untuk Manajeman dan Pegawai
Perusahaan. Manajeman dan Pegawai yang berhak untuk
(tidak termasuk Komisaris
Pegawai Tetap Unit Kerja/Unit Bisnis (PTU)
Pelaksanaan program MESOP akan dilakukan dengan

menerbitkan hak opsi dalam 2 (dua) tahap dengan reincian
Jumlah saham yang akan diterbitkan pada tahap I sebesar

60% (enam puluh persen) dari jumlah hak opsi yang
diterbitkan dalam program MESOP atau sebesar
173.380.000 saham seri B. Harga eksekusi sebesar Rp 438
dan akan diterbitkan pada bulan Januari 2013, dengan masa
5 tahun dihitung dari tanggal
pendistribusian 21 Januari 2013 sampai dengan 20 Januari
2018. Opsi saham mempunyai masa tunggu (vesting period)
selama satu tahun sejak 21 Januari 2013 yang berakhir
Jumlah saham yang akan diterbitkan pada tahap II sebesar

40% (empat puluh persen) dari jumlah hak opsi yang
diterbitkan dalam program MESOP, dan akan diterbitkan
177/WK/DIR/2013
2013 sampai dengan
of B series.

31, 2012
Rp Rp
192,279,960,913 192,279,960,913
2,540,312,916 --
194,820,273,829 192,279,960,913
22,893,575,038 -224,258,148,777
-20,322,503,326 --
-2,540,312,916 --
56,628,365,641 254,031,291,579
-- -6,879,567,764
56,659,124,437 22,893,575,038
Shareholders
profits in
distribution
Rp 20,322,503,326.
6 Shareholders
2011 sebesar
2007
least

In accordance with program of the Government of

the Republic of Indonesia, as stated in the Decree of
the Minister of State Owned Enterprises number KEP-
236/MBU/2003 dated June 17,
the Partnership Program of the State Owned Capital
Enterprise with Small Business and Community
Development Program, the Company has allocated funds
for partnership, based on allowance for profit after tax with
maximum of 1% (one percent) up to 3% (three percents),
and allocated funds for environmental development
program from allowance for profit after tax with maximum of
2% (two percents).
Based on the Regulation of the Minister of State Owned
Enterprises number PER-05/MBU/20
2007 concerning to the Partnership Program of State
Owned Enterprises with Small Businesses and Community
Development Program, the Company alocated funds for
partnership based on the maximum allowance for profit
after tax with maximum of 2% (two percents), and set aside
funds for environmental development program derived from
allowance for profit after tax with maximum of 2% (two
percents) amounted to Rp 6,879,567,764 for year 2012.
30 Juni 2012/
June 30, 2012
Rp
2,727,488,726,208
--
359,626,293
2,727,848,352,501
The details of the related parties revenues as follows:
30 Juni 2012/
June 30, 2012
Rp
-- PT Hotel Indonesia Natour (Persero)

120,883,377,275
42,385,749,470
-- PT Jasa Marga (Persero) Tbk
98,855,308,402
-- PT Krakatau Bandar Samudera (KBS)
60,679,142,374
-- PT Transmarga Jatim Pasuruan
PT Rekayasa Industri (Persero)
--
-- PT Semen Padang (Persero)
17,930,140,405
114,680,012,656 PT Krakatau Steel (Persero) Tbk
57,934,767,846 PT Angkasa Pura II (Persero)
24,832,000,000 PT Semen Gresik (Persero) Tbk
5,612,069,982
--
32,782,991,998 PT Dok dan Perkapalan Kodja Bahari (Persero)
615,027,604,239 Total Revenue Related Parties

(Continued)
(In Rupiah)
The details of the third parties revenues are as follows:
30 Juni 2012/
June 30, 2012
Rp
Third Parties
357,348,262,686 The Ministry of Public Work
30,730,540,000 PT Adhityya Seroyakorita
47,672,969,645 PT Basko Minang Plaza
-- PT Marga Linkar Jakarta
-- PT Sumber Mesin Raya
-- PT Mega Pasanggrahan Indah
-- PT Pardika Wisthi Sarana
-- PT Hermes Realty Indonesia
123,566,504,313 Bin Ladin Contractor Group
14,890,368,314 PT Griya Inta Sejahtera Insani
-- PT Gapura Kencana Abadi
-- PT Sumber Alfaria Trijaya, Tbk
17,025,532,897 The Ministry of Transportation
-- Badan Nasional Penanggulangan Bencana
15,847,545,545 PT Patria Maritime Industry
-- PT Medisafe Technologies
-- PT Ade Pede Realty
-- PT XL Axiata
-- PT Kereta Api (Persero)
-- PT Bosowa Terminal Indonesia
-- PT Newmont Nusa Tenggara
-- The State University of Semarang
22,852,000,000 The Ministry of Home Affair of Republic Indonesia
9,221,995,125 The Ministry of National Education
21,127,727,087 PT Palarudhibi Teguh Makmur
20,356,631,271 PT Meridan Sejati Surya Plantation
Koperasi Sejahtera Bersama Unit Usaha
20,037,303,957 Ritel SB Smart
18,763,435,266 PT BPD Riau
8,301,503,491 PT Inext Arsindo
13,172,291,545 PT Suraco Jaya Abadimotor
10,629,489,235 Jakarta International Container Terminal
9,341,429,883 PT Gunawangsa Investindo
9,262,220,557 PT Marga Bumi
7,901,051,782 PT Samudera Golden Mitra
7,862,289,000 PT Pandan Harum Medika
6,654,310,276 Cilandra Perkasa Group
6,189,544,455 PT Makmur Permata Putra
51,891,616,113 PT Indonesia Paradise Island
154,220,800,000 The University of Indonesia
49,050,417,856 Daewoo Engineering Company - South Korea
22,240,047,689 PT Magna Terra
73,763,990,909 PT Merdeka Sandi Surya
28,111,974,745 Jakarta Islamic Hospital (RSIJ) Cempaka Putih
Resident Representative a.i - United Nations
26,435,590,233 Development Program

30 Juni 2012/
June 30, 2012
Rp
95,683,660,367
46,616,526,594
35,981,428,619 PT Trans Heksa Karawang
2,112,820,748,262 Total Revenue Third Parties
2,727,848,352,501
32. Cost of Revenues
30 Juni 2012/
June 30, 2012
Rp
1,740,691,272,714
289,335,941,671
487,103,959,087
2,517,131,173,472
--
2,517,131,173,472
33. Portion on Income from Associates
Nama Proyek / 30 Juni 2013/

June 30, 2013
Project Name Rp
5,004,098,983
4,526,079,599
Bendung Gerak Sembayat 2,459,250,597
937,874,124
453,050,291
49,743,075
--
--
--
Bendung Sei Ular Paket 7 -175,000
Irigasi Sampean (Pirimp) Situbondo -116,017,281
-634,238,153
-908,000,250
-2,589,947,132
-6,399,692,029
2,782,026,824
Pihak-pihak
SMM Muara Teweh

Jl. Talisayan - Batu Lepok
Jalan Sicincin - Malalak
Gd. Terminal 3
Pengadaan Dredger
Reservoir Bdg MA Kayu
FO Jl. Gajah Mada - Juanda
SMK N 2 Palembang
Pengendalian Sedimen Bawakaraeng
Dermaga Peti Kemas
Peningktn Jln Kambuaya-Klamono
PLTU Rote
Jl. Tol Cisumdawu
Pasar Atjeh Phase VI
Faspela Pantoloan 2013
Sandai Nanga Tayap Kalbar
Tanjung Mas
Sesayap Tanah Tidung
Beno Simpang Libas
Jl. Akses Bill Thp II
Faspela Pantoloan 2012
Bandara Mutiara Palu
Bandara Mutiara Palu Tahap II
Pasar Atjeh Phase II Paket 5
BNN Makassar
Pasar Atjeh Phase IV Thp II
Struktur Dalam Jl. Pontianak
Harris Hotel Yogya
PDAM Tanah Grogot
Tulur Aji Jangkat
Pasar Aceh
Pengend Banjir Karang Asam
Tol Balikpapan-Samarinda
Waduk Rajui
Spam Samarinda Utara
Bandara Kuala namu
30 Juni 2013/ 30 Juni 2012/
June 30, 2013 June 30, 2012
Rp Rp
4,875,936,572 6,342,482,772
3,565,804,590 2,901,694,062
610,723,172 265,596,510
9,052,464,334 9,509,773,344

(Continued)
(In Rupiah)
30 Juni 2012/
June 30, 2012
Rp
General and Administration Expenses
39,843,818,471 Employee
8,318,600,283 Allowance for Doubtful Accounts
2,651,397,131 Depreciation of Fixed Assets
8,920,937,857 Business Travel
-- Severance
5,823,378,305 Office
6,610,862,162 General and Administration
2,476,120,873 Building
1,297,078,479 Jamsostek
224,590,757 DPLK
76,166,784,318 Total
85,676,557,662 Total
35. Finance Costs
Represent interest expenses of bank/non banks loans, fees
and administrative expenses related to the acquisition of
bank loans during the current period after deducting
the interest costs which are directly attributable to the cost
of a qualifying project and interest of the Company’s bonds
obligation.
36. Other Revenues

30 Juni 2012/
June 30, 2012
Rp
3,954,186,841 Insurance Claims Income
-- Income from Recovery of Receivables
3,838,261,682 Project Other Income
767,736,603 Others
8,560,185,126 Total
Recovery of receivable income represents receipt from
the receivables that have been provided the impairment in
2012 amounted to Rp 1,806,346,001 to Perum Perumnas
and Rp 867,729,573 to PT Elit Prima Hutama.
37. Earnings Per Share

Following the details of the calculation of earnings per
share:
30 Juni 2012/
June 30, 2012
Rp
147,325,853,308 Operating Income
36,941,026,553 Net Income
18,000,000 Number of Outstanding Shares
8,267 Operating Income per Share
2,052 Earnings per Share


38. Bank Garansi dan Letter of Credit (LC)

Perusahaan memiliki fasilitas Bank Garansi dari PT Bank
PT Bank Panin Tbk, dan PT BRI (Persero) Tbk masing-

masing dengan jumlah maksimum Rp 3.000.000.000.000,
100.000.000.000, dan
Pada tanggal 30 Juni 2013 Perusahaan telah menggunakan

2.301.300.000.000,
Rp 2.216.024.683.966, Rp Nihil dan Rp 145.913.577.788.
Perusahaan juga memiliki fasilitas Letter Of Credit dan

Surat Kredit Bank Dalam Negeri (SKBDN) dari PT Bank BNI
(Persero) Tbk dan PT Bank Mandiri (Persero) Tbk dengan
2013 masing-masing sebesar
dan USD
39. Fasilitas Kredit Modal Kerja (KMK) dan
Perusahaan memiliki fasilitas Kredit Modal Kerja (KMK) dan

(SCF) yang digunakan untuk
Pada tanggal 30 Juni 2013 dan 31 Desember 2012, jumlah
Perusahaan dikelompokkan
Konstruksi / Sewa Gedung /
Constructions Building Rentals
Rp Rp
2,901,810,054,170 106,891,464,991
90,919,016,242 --
15,972,448,749 --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
18,720,000 --
-- --
-- 8,884,906,386
-- 1,394,085,072
-- --
-- --
-- --
-- --
30 Juni 2012/ June 30, 2012

Sewa Gedung / Properti /
Building Rentals Property
Rp Rp
359,626,293 --
-- --
359,626,293 --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
18,720,000 9,000,000,000
-- --
-- --
-- --
-- --
-- --
-- --
-- --
b.
30 Juni 2013/ 31 Desember 2012/

June 30, 2013 December 31, 2012
Rp Rp
2,211,017,652,193
2,061,755,663,952
80,010,925,339
161,152,194,835
227,809,288,343 211,232,267,500
872,598,026,567
679,416,006,500
349,210,402,246
275,281,036,553
3,127,890,911,447 3,067,231,692,126

(Continued)
(In Rupiah)
31 Desember 2012/
December 31, 2012
Rp
1,750,726,093,679 Division I
1,495,804,287,471 Division II
899,967,683,007 Division III
672,676,929,791 Division IV
602,137,172,052 Division V
543,050,262,287 Division VI
259,023,897,751 Division VII
9,502,583,976,188 Total Before Elimination
-1,136,339,888,150 Elimination
8,366,244,088,038 Total After Elimination
31 Desember 2012/
December 31, 2012
Rp
Liabilities and Equity
-- Civil Division
733,690,524 Realty Division
-- Precast Division
211,232,267,500 EPC Division
3,067,231,692,126 Head Office
1,750,726,093,679 Division I
1,495,804,287,471 Division II
899,967,683,007 Division III
672,676,929,791 Division IV
602,137,172,052 Division V
543,050,262,287 Division VI
259,023,897,751 Division VII
9,502,583,976,188 Total Before Elimination
-1,136,339,888,150 Elimination
8,366,244,088,038 Total After Elimination
30 Juni 2013/
June 30, 2013
Rp
896,171,355,606
969,331,959,227
--
106,891,464,991
98,353,589,584
555,588,765,383
207,828,187,022
114,694,593,349
166,376,125,480
41,500,000
--
--
--
--
--
--
--
3,115,277,540,642
-106,534,521,481
3,008,743,019,161
30 Juni 2013/
June 30, 2013
Rp
20,963,684,768
20,963,684,768
30 Juni 2013/June 30, 2013

Rp
Mata Uang Asing Ekuivalen
Rupiah
5,152,283.90 51,157,026,872
5,426.05 42,547,177
118,984.57 1,194,010,160
9,285.64 120,501,793
172,265 464,233,207
1,535,639 4,002,013,399
-- --
-- --
-- --
-- --
20,411,140.91 53,875,614,651
30 Juni 2013/June 30, 2013
Rp
Rupiah
-- --
-- --
5,465,635.50 1,426,654,202
-- --
-- --
11,079,482 29,244,514,140
43,950,142 141,527,115,601
-- --
-- --
-- --
43,950,142 141,527,115,601
06/Eks.Arb/2000/PN.Jaksel, tanggal
harus segera membayar kepada

59.933.261.574,

Atas putusan tersebut, PT Angkasa Interland

mengajukan gugatan kepada Joint Venture SAE Waskita
melalui PN Jakarta Selatan. Pada tanggal 22 Februari
2001 PN Jakarta Selatan mengeluarkan putusan
No. 282/Pdt.G/ 2000/PN.Jak.Sel dengan amar putusan
a. Menolak Eksepsi Terlawan I (Soelistio), II
b. Mengabulkan perlawanan Pelawan untuk sebagian.

c. Menyatakan Pelawan adalah pelawan yang benar.
d. Menyatakan prosedur pembentukan Arbiter tunggal
Sulistio, SH tidak berdasarkan hukum.
e. Menyatakan putusan arbitrase tanggal 21 Desember
1999 yang diputus oleh terlawan I tidak sah dan tidak
Menyatakan Penetapan PN Jakarta Selatan

No. 06/Eks.Arb/2000/PN.Jak.Sel tanggal 6 Maret
2000 tidak mempunyai kekuatan hukum, sehingga
g. Menghukum turut Terlawan I dan II mematuhi
Selanjutnya SAE dan Perusahaan mengajukan banding

atas putusan PN kepada Pengadilan Tinggi (PT) DKI
Pada tanggal 29 November 2001, PT mengeluarkan

328/Pdt/2001/PT. DKI yang amar
putusannya berbunyi menguatkan putusan Pengadilan
Negeri Jakarta Selatan No. 282/Pdt.G/2000/PN.Jak.Sel
Atas putusan PT tersebut SAE dan Perusahaan selaku

para pemohon kasasi I mengajukan kasasi ke
Mahkamah Agung (MA). Dalam salinan putusan No.
19 Mei 2004, MA
mengeluarkan putusan yang isinya antara lain :
a. Mengabulkan permohonan kasasi dari pemohon
kasasi I (SAE dan PT Waskita Karya) dan pemohon
b. Membatalkan putusan Pengadilan Tinggi DKI Jakarta

tanggal 29 November 2001 No. 328/Pdt/2001/PT.DKI
dan putusan Pengadilan Negeri Jakarta Selatan
Pebruari 2001
c. Menerima Eksepsi para terlawan (pemohon kasasi I
d. Menyatakan perlawanan pelawan tidak dapat
e. Menghukum para termohon kasasi untuk membayar

seluruh biaya perkara dalam semua tingkat
peradilan, dan dalam tingkat kasasi ini ditetapkan
Dengan adanya keputusan kasasi MA tersebut,

PT Angkasa Interland mengajukan permohonan untuk
Peninjauan Kembali (PK) kepada Mahkamah Agung
(MA) yang kemudian pada putusan PK No.

229./PK/Pdt.2005 tanggal 23 Pebruari 2006 yang isi
putusannya menolak permohonan peninjauan kembali
Selanjutnya PT Angkasa Interland kembali mengajukan

gugatan perbuatan melawan hukum ke PN dengan
tuntutan untuk menangguhkan berlakunya putusan
2 Agustus 2005, PN Jakarta

mengeluarkan
No. 832/Pdt.G/2004/PN. Jak.Sel yang memutuskan
Menyatakan sah dan berharga Putusan Provisi
Menyatakan para Tergugat telah melakukan

perbuatan melawan hukum terhadap penggugat.
Menghukum para Tergugat untuk membayar ganti
kepada Penggugat secara tanggung renteng
a. Akibat dihukum dalam putusan Arbiter Tunggal

yang tidak sah untuk membayar kepada
Tergugat II dan Tergugat III sebesar Rp.
61.193.249.342 padahal pembentukan Arbiter
Tunggal itu dengan melanggar ketentuan UU.
b. Ganti yang harus diabayar oleh Tergugat II dan
Tergugat III kepada Penggugat yang sampai
sekarang tidak dibayar karena dibuatnya
putusan Arbitrase Tunggal secara melawan
hukum adalah sebesar Rp. 22.288.859.804.
akibat tidak
pembayaran butir b diatas pada waktunya,
terhitung sejak gugatan ini didaftarkan di

kepaniteraan PN. Jakarta Selatan sampai
d. Immaterial karena kehilangan waktu, tenaga

dan pikiran untuk mengurus masalah ini yang
tidak dapat dinilai dengan uang, namun pantas
dan wajar apabila berdasarkan kepantasan dan
e. Menyatakan Pasal 13 UU No. 30/1999 berlaku

terhadap Putusan Arbitrase Tunggal Soelistio,
21 Desember
menyatakan Arbiter Tunggal Soelistio, SH telah
Kemudian Tergugat II dan III mengajukan banding atas

putusan PN tersebut ke PT Jakarta dan pada tanggal
2006 PT DKI Jakarta mengeluarkan
putusan No. 183/PDT/2006/PT.DKI yang amarnya
a. Mengabulkan tuntutan Penggugat dalam provisi
b. Menangguhkan berlakunya putusan Arbiter tunggal,

Soelistio, SH tanggal 21 Desember 1999 sampai
22.288.859.804 dan
6% pertahun sejak gugatan ini
hukum terhadap
46PK/PDT/2010 tanggal 27
2010 menolak permohonan peninjauan
as decided on the
level of Judicial Review (PK) with decision
a Case II also has
(PK) with the
hen for the second
hat can be done, for it
& Associates law
(NSR) as a lawyer to file an application for
as the Power of
33/SKU/WK/2011 dated April 8,
ny has not executed
2010 para kontraktor yang tergabung 3

(JO) dan terlibat dalam proyek
“Jalan/Jembatan Teluk
Mesjid Provinsi Riau”, dengan anggota terdiri dari
(Persero) Tbk
selanjutnya disebut Pemohon I, PT Adhi Karya
(Persero) dan
hereinafter as
(NSR) untuk mengajukan
Program
Respondent at
352/V/ARB-BANI/2010
45 hari sejak putusan ini
Respondents.
2011 No. Reg: registered on March
08/EKS-PTS-
352/IV/ARB-BANI/2010


a. Mengabulkan Permohonan Kuasa Pemohon
b. Memerintahkan kepada Juru Sita PN.Pekanbaru

untuk memanggil Termohon Eksekusi guna diberi
(Aanmaning) agar dalam tenggang
(delapan) hari memenuhi Putusan BANI tersebut
yang telah mempunyai kekuatan hukum tetap.
Pada saat yang bersamaan dengan Proses Permohonan
Eksekusi tersebut, Termohon telah mengajukan
keberatan atas Putusan BANI No.
BANI/2010 tertanggal 27 Desember 2010 kepada PN
Pekanbaru dan pada tanggal 21 Pebruari 2011 terdaftar
Pengadilan Negeri
No.:24/PDT/ARB.BANI/2011/PN.PBR tanggal
2011 adalah menolak gugatan/permohonan Pemohon
untuk seluruhnya. Atas putusan PN Pekanbaru tersebut,
Pemohon pada tanggal 24 Mei 2011 menyatakan kasasi
Putusan Kasasi MA RI No. 709K/Pdt.Sas/2011 tanggal

24 Januari 2012 adalah menolak permohonan banding
Atas Putusan Kasasi MA, Para Pemohon masing-

masing bersurat kepada Dinas PU provinsi Riau untuk
melakukan pembayaran sesuai putusan BANI.
28 September 2012, Kuasa Hukum
Pemohon bersurat kepada Ketua PN Pekanbaru perihal
Berdasar Putusan Kasasi, maka Pemda akan

2 tahap menggunakan anggaran
tahun 2012 dan 2013, pembayaran tahap I dilaksanakan
pada tanggal 31 Maret 2013 sebesar Rp 14 Milyar
208/PDT.G/2012/PN.Jkt.Tim tanggal
2012, antara PT Albok Boiler Industri sebagai
Penggugat melawan Konsorsium PAL-Waskita sebagai
tergugat dan PT Bank Pembangunan Daerah Sumatera
Selatan dan Bangka Belitung Cabang Jakarta sebagai
Turut Tergugat I, serta PT Jasaraharja Putera Cabang
Jakarta sebagai Turut Tergugat II, dengan isi gugatan
Bahwa Tergugat telah melakukan Perbuatan Melawan
Hukum dengan melakukan pemutusan kontrak
pekerjaan dengan Penggugat pada pekerjaan Proyek
Perkara ini telah diputus di tingkat pertama oleh Majelis

Hakim Pengadilan Negeri Jakarta Timur pada tanggal 2
2012, dimana di dalam Putusannya Majelis
(Eksepsi) Tergugat dan
menyatakan Pengadilan Negeri Jakarta Timur tidak
berwenang secara mutlak (Absolut) untuk memeriksa
dan mengadili perkara tersebut. Terhadap putusan


tersebut, Kuasa Hukum Penggugat menyatakan Banding

Pada tingkat Banding, Pembanding (PT Albok Boiler
Industri) melalui Kuasa Hukumnya telah mengajukan
Memori Banding pada tanggal 5 November 2012 dan
(Konsorsium
menyerahkan Kontra Memori Banding pada tanggal 4
Desember 2012 melalui Kuasa Hukumnya. Hingga saat
ini, belum ada Putusan Banding pada Pengadilan Tinggi
Tanggal 4 Desember 2012, Terbanding (KSO PAL-WK)

mengajukan Kontra Memori Banding melalui Kuasa
Hukumnya yaitu Nengah Sujana & Rekan.
26 Desember
pemberitahuan memeriksa berkas. Sehingga 14 hari
setelah relaas ini, berkas perkara akan dilimpahkan
kepada Pengadilan Tinggi DKI Jakarta. Bahwa tidak ada
dasar hukum yang mengatur jangka waktu pemeriksaan
tingkat banding sampai dengan putusan banding.
PT Jasuka Bangun Pratama dan PT Amarta Karya
(Persero) (KSO) telah mengajukan gugatan terhadap
Paket Pembangunan Sistem Petanu dan PT Waskita

Karya (Persero) Tbk pada Pengadilan Negeri Jakarta
Register
09/Pdt.G/2012/PN. Jak.Tim tanggal 12 Februari 2013.
PT Jasuka Bangun Pratama da PT Amarta Karya
(KSO) sebagai
Pengembangan Paket Pembangunan Sistem Petanu
sebagai Tergugat I dan PT Waskita Karya (Persero) Tbk
sebagai Tergugat II, dengan isi gugatan bahwa Tergugat
I dan II telah melakukan Perbuatan Melawan Hukum
dan melanggar asas kepatutan, ketelitian dan sikap
kehati-hatian serta telah menimbulkan kerugian
Bahwa setelah melalui serangkaian proses lelang,

Tergugat I mengumumkan Hasil Evaluasi Penawaran
Harga/Biaya paket pekerjaan yang menyatakan bahwa
Tergugat II memberikan Nilai Penawaran setelah koreksi
sebesar Rp 65.361.380.000 sedangkan Nilai Penawaran
Penggugat setelah koreksi sebesar Rp 63.472.252.000.
Bahwa Penggugat dinyatakan tidak lulus pada
Spesifikasi Teknis oleh Tergugat I dengan alasan
Penggugat tidak lulus ambang batas total disebabkan
karena metode pelaksanaan dan spek tek mendapat
nilai kurang dari yang disyaratkan. Sehingga yang
dimenangkan adalah Penawar terendah kedua, dalam
Tuntutan yang diajukan kepada Tergugat II adalah

kerugian materiil sebesar Rp 10.000
rupiah) yang harus dibayarkan secara tunai dan
sekaligus kepada Penggugat setelah amar putusan
dibacakan dan kerugian imateriil sebesar Rp


31.736.126.000 (tiga puluh satu milyar tujuh ratus tiga

puluh enam juta seratus dua puluh enam ribu rupiah)
yang harus dibayarkan secara tunai dan sekaligus
kepada Penggugat setelah amar putusan dibacakan.
Pada saat ini perkara masih dalam tahap mediasi di
(Persero) Tbk telah mengajukan

permohonan arbitrase ke Badan Arbitrase Nasional
(BANI) sebagai pemohon untuk diadakan
arbitrase melawan PT Bank Riau Kepri sebagai
termohon. Arbitrasi ini diajukan berdasarkan pekerjaan
Pemohon yang telah selesai 100% atas proyek Menara
9) sesuai dengan kontrak
No. 65/PKS/2010-
418/WK/KONT/WB/2010 tanggal 26 Juli 2010, dengan
setelah
Sebelumnya telah diupayakan perdamaian melalui

mediasi yang difasilitasi oleh Jaksa Pengacara Negara
(JPN). Namun upaya mediasi tersebut mengalami
kegagalan. Sesuai dengan klausul penyelesian perkara
yang tercantum dalam kontrak perjanjian, maka perkara
ase is settled by
arbitrase ini merupakan ganti rugi biaya operasional

gedung dan beban bunga yang telah ditanggung oleh
pemohon, dengan rincian sebagai berikut:
a) Nilai Pekerjaan sebesar Rp 222.715.898.000.
biaya dan
Permohonan arbitrase tersebut telah didaftarkan dalam

44. Sifat dan Transaksi Pihak-pihak Berelasi
Berikut ini adalah entitas berelasi dengan Pemerintah yang
merupakan entitas yang dikendalikan, dikendalikan bersama
atau dipengaruhi secara signifikan oleh Pemerintah:
Transaksi
Piutang Usaha, Piutang Retensi, Tagihan Bruto, Uang Muka Jangka Panjang, Pendapatan Usaha
Piutang Usaha, Piutang Retensi, Tagihan Bruto, Uang Muka Jangka Panjang, Pendapatan Usaha
Detail
31 Desember
30 Juni 2013/
2012/ December
June 30, 2013
31, 2012
Rp Rp
1,297,019,618,630
857,548,949,010
145,666,855,182
30,032,355,937
879,342,546,622
42,958,282,193
gan total aset.
31 Desember
30 Juni 2013/
2012/ December
June 30, 2013
31, 2012
Rp Rp
822,776,203,700
93,378,356,335
gan total aset.
31 Desember
30 Juni 2013/
2012/ December
June 30, 2013
31, 2012
Rp Rp
1,892,470,605,496
ne 30, 2013 and
with total revenues.
Sifat dan transaksi dengan pihak berelasi yang tidak

berhubungan dengan kegiatan usaha utama Perusahaan antara
lain: PT Jasa Marga (Persero) Tbk (Catatan 15) dan PT Istaka
Perusahaan telah mengikat kontrak konstruksi dengan berbagai

pihak. Kontrak ini mengikat kedua belah pihak untuk memenuhi
liabilitasnya dalam jangka waktu kontrak. Perusahaan memiliki
komitmen untuk melaksanakan pekerjaan konstruksi dengan nilai
Nomor Kontak / Nilai Kontrak /
Contract Number Contract Value
BA.440/TK.10/2012/DOT Rp
004/SPP-JBT/2012 Rp
030/PWS- Rp
HK.02.03/PPKSP-SNVT Rp
PJSACC/X/1888
002/SPP-JBT/2012 Rp
KU.08.08/PJN-WIL.IV/PPK-
Rp
19/145 Yet
552.3/239/Hubkominfo.03 Rp
TMJ.KJP/XI/2011/012 Rp
041/SMR/VI/12 Rp
602.604/PA-TJ/02 Rp
046/Amd.1/BASKO-
BGT/II/2012 Rp
641.6/PU-CK/ADD-II-SPK-
AK/FSK-KDPU- Rp
MY/XI/2012.13
SPK.005/P2-BSB/VII/2012 Rp


Nomor Kontak / Nilai Kontrak /

Contract Number Contract Value
Rp 184,558,675,000
HK.02.03/At-3/12/01-07/2012
KU.03.01/4136/498631.23/20
Rp 178,624,341,000
12
02/SP/COASTAL-THP II/BM-
Rp 107,882,848,679
MY/DPU/2013
Rp 54,385,676,506
0022/SPP/TFS.PFA.REP/201
Rp 68,181,818,182
3
Rp 80,863,639,091
ilitas keuangan
Rp
Financial Assets-
Loan and Receivables
2,183,783,098,228 Cash and Cash Equivalents
1,939,658,806,542 Accounts and Retention Receivables
32,338,014,426 Gross Amount Due From Customers
2,759,168,577,219 Held to Maturity Financial Assets
175,000,000,000 Total Assets
7,089,948,496,415
Financial Liabilities-
Unamortized Cost
2,002,815,417,409 Accounts Payables
1,564,997,856,733 Gross Amount Due to Third Parties
3,567,813,274,142 Total Liabilities

(Continued)
(In Rupiah)
b. Risk Management Policy
The Company's business includes risk-taking activities with
specific objectives with professional management.
The main function of the Company's risk management is to
identify all key risks, measure these risks and manage risk
positions. The Company regularly reviews policies and risk
management system to adjust to changes in markets,
products and best market practices.
The Company defines financial risk as the possibility of loss
or lost profit, which is caused by factors both internal and
external factors that potentially have negative impact on
achievement of Company goals.
The purpose of the Company in managing financial risks is
to achieve an appropriate balance between risk and returns
and minimize potential adverse effects of the Company's
financial performance.
The main financial risks facing the company is credit risk,
interest rate risk, liquidity risk, foreign currency exchange
rates and the risk of changes in government policy, socio-
economic and political conditions. Attention to risk
management has increased significantly with the changes
and consider the financial market volatility in Indonesia and
International.
(I) Credit Risk
Credit risk is the loss arising from customers who fail to
meet their contractual obligations.
The Company's financial instruments that have
the potential for credit risk consist of cash and cash
equivalents, accounts receivable, retention and other
receivables. Total maximum credit risk exposure is equal to
the carrying value of these accounts. The aging of trade
receivables can be seen on Notes to Financial Statements.
On March 31, 2013, accounts receivable of the Company is
not concentrated on a particular customer.
The Company manages credit risk by setting limits
the amount of acceptable risk for each customer and be
more selective in the choice of banks and financial
institutions, thus, only banks and financial institutions that
have predicated famous and well known will be chosen.
(Ii) Interest Rate Risk
sk that future cash flows

due to changes in market
The Company has short-term loans with floating interest.

The interest rate which is quite high and occurs in sudden
decrease in income can affect the Company.
The following is a breakdown of financial liabilities based

on the type of interest rate:
ne 30, 2013 and

Rp
1,526,164,310,772
Jatuh Tempo/ Due Date

>1-2 Tahun/ >2-3 Tahun/
>1-2 Years >2-3 Years

Rp Rp
--
--
--
--
Jatuh Tempo/ Due Date

>1-2 Tahun/ >2-3 Tahun/
>1-2 Years >2-3 Years

Rp Rp
--
--
--
--
risiko likuiditas
yek yang telah
maka akan mempengaruhi
mpertahankan
i, Perusahaan
(sebagaimana jumlah dalam laporan posisi
ne 30, 2013 and
Rp
6,359,168,859,344 Total Liabilities
2,183,783,098,228 Deduct: Cash and Cash Equivalent
4,175,385,761,116 Net Payables
2,007,075,228,694 Total Equity
2.08 Net Payables to Equity Ratio
47. Responsibility and Authority to
Financial Statements Issuance
Management of the Company is responsible for contents and
the preparation of these financial statements and authorized
for issuing on July 20, 2013.
RSERO) Tbk
AL POSITION
As of June 30, 2013 and December 31, 2012
(In Rupiah)
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents
Short-Term Investments
Accounts Receivable
Related Parties
(Net of allowance for impairment losses
as of June 30, 2013 and December 31, 2012 amounting to
Rp 3,859,427,446 and Rp 3,859,427,446, respectively)
Third Parties
(Net of allowance for impairment losses
Rp 20,767,000,159, respectively)
Retention Receivables
Related Parties
(Net of allowance for impairment losses as of
Rp 382,398,318 and Rp 488,244,169 , respectively)
Third Parties
Other Receivables
Related Parties
Third Parties
Inventories
nil and Rp 2,802,733,157, respectively)
Gross Amount Due from Customers
Related Parties
Rp 4,128,279,970,respectively)
Third Parties
Prepaid Taxes
Advances and Prepayments
Total Current Assets
NON CURRENT ASSETS
Held-to-Maturity Financial Assets
Investment in Associates
Joint Ventures Assets
Related Parties
Third Parties
Other Long-Term Investments
Fixed Assets
(Net of accumulated depreciation as of
June 30, 2013 and December 31, 2012 amounting to
Other Assets
Total Non Current Assets
TOTAL ASSETS
The accompanying notes form an integral part
of these financial statements
AL POSITION (Continued)
As of June 30, 2013 and December 31, 2012
(In Rupiah)
LIABILITIES AND EQUITY

CURRENT LIABILITIES
Short-Term Bank Loans
Related Parties
Third Parties
Accounts Payable
Gross Amount Due to Third Party Subcontractors
Accrued Expenses
Taxes Payable
Advances on Short-Term Contract
Other Current Liabilites
Total Current Liabilities
NON CURRENT LIABILITIES
Advances on Long-Term Contract
Related Parties
Third Parties
Bonds Payable- Net
Total Non Current Liabilities
Total Liabilties
EQUITY
Share Capital
Capital Stock - Rp 100 and Rp 10.000.000 par Value per Share
for June 30, 2013 and December 31, 2012 , respectively
Authorized Capital - 1 share of Dwi Warna Serie A and 25,999,999,999
shares of Serie B for June 30, 2013 and December 31, 2012
Subscribed and Fully Paid Capitall - 1 share of Dwi Warna Serie A
and 9,632,325,999 shares of Serie B in June 30, 2013
and December 31, 2012)
Additional Paid-in Capital
Retained Earnings
Appropriated
Unappropriated
Other Comprehensive Income
Total Equity
TOTAL LIABILITIES AND EQUITY
HENSIVE INCOME
For the Six Months Periods Ended
As of June 30, 2013 and 2012
(In Rupiah)
Revenues
Cost of Revenues
Gross Profit
Net Revenue of Joint Ventures
Gross Profit After Joint Ventures
Selling Expenses
General and Administrative Expenses
Interest Income
Gain (Loss) on Foreign Exchange - Net
Gain on Sale of Fixed Assets
Other Income
Other Expenses
Income Before Tax and Finance Costs
Finance Costs
Equity in Net Income of Associates
Income Before Tax
Income Tax Expenses
Net Income for the Period
Other Comprehensive Income
Exchange Difference From
Financial Statements Translation
Total Comprehensive Income for the Period
INCOME BEFORE TAX PER SHARE
EARNINGS PER SHARE
Saldo Laba / Retained Earnings

Ditentukan Belum Ditentukan
Penggunaannya/ Penggunaannya/
Appropriated Unappropriated
Rp Rp
192,279,960,913 -224,258,148,777
-- --
-- -6,879,567,764
-- 36,941,026,553
192,279,960,913 -194,196,689,988
192,279,960,913 22,893,575,038
-- -20,322,503,326
2,540,312,916 -2,540,312,916
--
-- 56,628,365,641
194,820,273,829 56,659,124,437

STATEMENTS OF CASH FLOWS
For the Six Months Periods Ended
As of June 30, 2013 and 2012
(In Rupiah)
CASH FLOWS FROM OPERATING ACTIVITIES

Receipt from Customers
Payment to Suppliers and Third Parties
Payment to Employees
Interest Income from Current Account and Time Deposit
Receipt from Tax Restitutions
Payment for Finance Cost
Payment for Income Taxes
Net Cash Used in Operating Activities
CASH FLOWS FROM INVESTING ACTIVITIES
Receipt from Joint Ventures
Placement of Joint Ventures
Acquisition of Fixed Assets
Proceeds from Sale of Fixed Assets
Receipt from Sale of Associates
and Long Term Investments
Receipt from Short Term Investments
Net Cash Provided by (Used in) Investing Activities
CASH FLOWS FROM FINANCING ACTIVITIES
Receipt from Bonds Payable
Bonds Issuance Costs
Receipt from Bank Loans
Payment of Bank Loans
Payment of Dividend
Net Cash Provided by Financing Activities
NET INCREASE IN CASH AND CASH EQUIVALENTS
CASH AND CASH EQUIVALENTS AT BEGINNING OF THE PERIOD
CASH AND CASH EQUIVALENTS AT END OF THE PERIOD
Cash and Cash Equivalents at End of the Period consist of:
Cash on Hand
Cash in Banks
Time Deposits
Total
1.a.
(Persero).
dilakukan
1.b.
n dalam penawaran
6%
) atau sebanyak
ma baru dijatahkan
erusahaan melalui
pegawai Perusahaan
ESA).
2012 seluruh saham
9.632.236.000 saham telah
Bonds
gasi dengan jumlah
pada tahun 2012,
si, dengan rincian
Tahun / Tanggal Penerbitan / Date
Years of Issuance
3 5 Juni 2012 / June 5, 2012
5 5 Juni 2012 / June 5, 2012
1.c.
Dasar Perusahaan,
n adalah turut
kebijakan dan
ekonomi dan
mnya, khususnya
pabrikasi, jasa
asi, agro industri,
n, layanan jasa
jasa konstruksi,
wisataan dan corporate governance.
an prinsip-prinsip
n tersebut di atas,
kegiatan usaha
konstruksi, jasa
grasi Enginering,
(EPC), rancang building management, building components and raw
on construction
RSERO) Tbk
IAL STATEMENTS
(Continued)
Ended June 30, 2013 and
December 31, 2012
(In Rupiah)
activities, which has been
y is construction activities
nering, Procurement and
Meeting of Shareholders of
o)Tbk dated April 18, 2013
ors of the Company consist of
5 (five) Directors, appointed
accordance with the Decree
K/2013 dated April 23, 2013.
on Letter of Director No.

2013 regarding to
Company’s Organizational
(Persero) Tbk.
ure is based on Business
as its function of marketing
function. The Business Unit
(nine) Divisions, the composition of
Kedudukan/
Location
Jakarta
RSERO) Tbk
IAL STATEMENTS

December 31, 2012
1.e. The Composition of Board of Commissioners,
The composition of the Company’s management as of

June 30, 2013 and December 31, 2012 were as follows:
President Commissioner
Independent Commissioner
Commissioner
Commissioner
Commissioner
President Director
Director
Director
Director
Director
Director

President Commissioner
Independent Commissioner
President Director
The structure of the Company’s Audit Committee as of

2013 and December 31,
The structure of Risk and Insurance Committee as of
Head of Internal Control
Corporate Secretary
The Commissioners were appointed by the Decision

Letter of the Shareholders of PT Waskita Karya
No. KEP-134/MBU/2011
15,
241/MBU/2011 and KEP-PS-07/PPA/1111 dated
November 29, 2011, SK-382/MBU/2012 dated October
25, 2012, and the result of Annual General Meeting of
Shareholders according to deed No.
N KEUANGAN
Keputusan Para
ya (Persero) Nomor:
PA/DU/0611 tanggal
dan Keputusan
thiah Helmi, S.H.
Surat Keputusan
26
gkat melalui Surat

05/SK/WK/DK/2010
2012 telah dilakukan
ula Syamsudin AB
alui Keputusan Direksi
lakukan penggantian
ula Netty Rohastuti
alui Keputusan Direksi
Tbk Nomor:
leh Dewan Komisaris
g diterima oleh Dewan

2012 masing-masing
2.619.240.000.
ap masing-masing
ng per 30 Juni 2013
Ikhtisar Kebijakan Akuntansi yang Signifikan 2. Summary of Significant Acco

2.a.
2.b.
2000,
dengan
di Dubai
3
2.d.
dimana
2.e.
year.
2.f.
4 (empat)
(ii)
(iv) aset
untuk
aset
the Company does not have financial assets
method.
2012
receivables.
(iii)
maturity.
rates method.
2012
assets.
(iv)
recognized
Interest
Financial Liabilities
(ii)
acquisition cost.
(i)
keuangan
2012
income.
(ii)
cost
method.
2012
financial
terdapat bukti
maka Perusahaan
an nilai secara
f dilakukan dengan
erusahaan akan
sampai dengan
uangan yang
aktif ditentukan
ku pada laporan
ek ekuitas yang
sebesar biaya
an lain yang tidak

ukan dengan
gan yang diukur

rtisasi, disajikan
mendekati nilai
esember 2012.
Perusahaan kepada
etelah penyelesaian
yang ditentukan
a saat pemotongan
etiap tagihan termin
ampai suatu kondisi
erja merupakan
l dari pekerjaan
namun pekerjaan
sanaan. Tagihan
ntara biaya yang
kurangi dengan
ndapatan sesuai
nyelesaian yang
yelesaian pekerjaan
a perbedaan antara
gress) fisik dengan
gal laporan posisi
biaya yang telah

aru akan dilakukan
seperti premi
bayar dimuka, dan
ibayar di muka
RSERO) Tbk
IAL STATEMENTS

December 31, 2012
according to the cost that

ng cost, conversion cost, and
til the inventories placed in
ere it is available for sale or
rials for construction service is

material cost account. The
ch project are counted and
ntory account at cost using the
ethod and would be reversed
he beginning of the following
ing are recorded at costs using

other expenditures incurred to
or sale (with certificate).
the lower of the cost or net
cal assessment at the end of

Fixed assets are accounted for using cost model and
stated at acquisition cost less accumulated depreciation
and accumulated impairment losses, if any. Fixed
assets, except for land, are depreciated using
the double-declining and straight-line method (for plants
and buildings) with the estimated economic life of
Buildings
Vehicles
Office Supplies and Project Equipment
Cost of repairs and maintenance is charged to
the current statements of income as incurred, while
the significant expenditures for renewals and
improvements are capitalized. All expenditures
subsequent to the purchasing of fixed assets would be
capitalized on the carrying amount of the assets.
When assets are not used or otherwise disposed of,

the carrying costs and its’ related accumulated
depreciation are removed from the fixed assets account
and any resulting gain or loss is recorded or charged in
RSERO) Tbk
IAL STATEMENTS
(Continued)
December 31, 2012
(In Rupiah)
derecognized upon disposal
mic benefits are expected from
gain or loss arising on
t (calculated as the difference
proceeds and the carrying
cluded in the statements of
the period/year the asset is
eriod/year end, the Company

useful lives of the assets,
depreciation method and
ectation based on technical
classified into current assets,
e assets are presented as
s land right is recorded at cost

enewal right. Deferred expense
useful life or economic life of
g period, the Company will

an indication of assets
cation exists, the Company
e amount of an asset or cash-
her amount between the fair
ell and value in use. If
of an asset is less than its
arrying amount of an asset
y the amount recoverable.
ized immediately in profit or
osses of assets which has

periods are recorded when
airment of the asset no longer
very of impairment losses of
statement of comprehensive
rease in the carrying value of
y of an impairment loss is
o not exceed the carrying
(net of
ation) if no impairment losses
he third parties represents

’s working progress, either from
s which are recognized as
filled the certain payment

Gross amount due to the third parties is presented as

the differences between costs occurred added by net
income or deducted by realized loss.
2.o. Revenue and Expense Recognition
Revenue from construction services is recognized using
percentage of completion method measured based on
the physical progress at the end of reporting period,
stated in PSAK
Contracts (Revised
2012. If the most likely to occur the total contract
expenses will exceed contract revenue, the estimated
loss is recognized immediately as an expense.
inyatakan dalam
Akuntansi Aktivitas
u sejak 1 Januari
mana jumlah
ang-kurangnya
20% dari harga jual yang telah
eli pada masa yang

i terhadap utang
iko dan manfaat

pembeli sebagai
beserta tanah
as atau terlibat
(properti)
yang pendirian
u penjual tidak
pematangan
(deposit
accrual method basis.
2.p. Borrowing Costs
of
the cost of the assets.
costs of borrowing
Currency
uang
1
Perusahaan
recorded as a gain or loss for the year.
2.r. Related Party Transaction
on its categories.
revised disclosure requirements:

i.
entity;
ii.
entity; or;
iii.
one of the following:

i.
entity of a third entity.

ii.
iii.
iv.
(i)
entity of the entity).
the entity.
transactions with related parties (Note 44).

Income tax in the statement of comprehensive income

for the period comprises current and deferred tax.
Income tax is recognized in the statement of
comprehensive income, except for transactions related
to a transaction which is recognized directly in equity or
other comprehensive income, in which case it is
recognized in equity or other comprehensive income.
Final tax expense is recognized in proportion with

the revenue according to recognized accounting practices
during the current year. The difference between the total
final income tax paid and the amount charged to the profit
and loss calculation is recognized as prepaid taxes or tax
payable. When income has been subject to final tax, the
difference between the carrying value of assets and
liabilities and the tax bases are not recognized as
Current tax is recognized based on the taxable income

for the year, computed in accordance with the current
The Company has pension insurance program which
accordance with the Law No. 13/2003, the Company is

obliged to cover the shortage of pension payments
when the pension plans is currently not sufficient to
cover liabilities in accordance with the Law 13/2003.
Employee benefit liability is calculated by independent
actuaries using Projected Unit Credit Method. In
calculating the retirement benefit, an independent
actuary has calculated the contribution made by
The present value of benefit liability is determined by

discounting the estimated future cash flows using
interest rates of bonds denominated in Rupiah,
the same as the currency in which remuneration is paid
and which have long periods of time liabilities
approaching retirement benefits are concerned.
and losses
the adjustments, changes in actuarial assumptions in
excess of the greater of 10% of the fair value of plan
10% of the present value of the defined
benefit, charged or credited to the statements of
comprehensive income for the rest of the average
expected remaining working lives of employees.
Company is choosing to maintain the existing policy to
al, which used
(Continued)
(In Rupiah)
Past service cost is recognized immediately, except for
the changes to the pension plan requires the employee
to keep working during the period of time to get those
In this case, past service costs shall be amortized on a

straight-line basis over the vesting period. The current
service cost is recognized as an expense for the period.
In delivering construction services, the Company is

engaged in cooperations with other parties as stipulated
in each agreement, by forming a joint operation to
execute the project from the project owner. The type of
joint operations (JO) made by the Company are divided
a. Joint operations Integrated project where each party

has significant control over assets and operations of
b. Joint operations Job Allocation project where each

party has a clear segregation of assets and
The Company’s share in net assets and net income of

integrated JO which has contract period more than one
year is recognized based on the equity method.
The Company’s share in net asset is recorded into
“Joint Venture” account and share in net income (loss)
“Net Revenue (Losses) from Joint
For the JO Job Allocation project which obtained before

2012, income and expenses incurred in
the group of JO Job Allocation recognized in the gross
basis in accordance with the Company’s work portion
and fully recognized as the Company’s income and
expenses. Any assets and liabilities occurred during
the operation is recorded by the Company into
the separate accounts that “Liability/Receivable Joint
RSERO) Tbk
IAL STATEMENTS
(Continued)
December 31, 2012
(In Rupiah)
mputed by dividing residual

d average number of ordinary
The number of weighted
ng for the calculation of basic
nted to 6.659.702.082 and
uance Costs
costs are transaction costs to
ceeds in order to determine
s. The difference between
nominal value is a discount or
the
deducted from additional

mortized. Stock issuance costs
tion of additional paid-in
s presented based on
of business as form of primary
e classification of type of
m of secondary segment
ation of the Company is

classification of type of
ent is components that can
duct or different service.
component that can be
e a product or service on
specific economic.
mployee Stock Ownership Plan
ock option program to their

members of management
nsists of stock option plan
ed through issuance of shares
ement which settled by
hich is accounted as equity
d payments is settled by
member of management and
services are measured at
y instruments at the grant
ed at the grant date of

which settled by the equity
expenses on the straight line
ing period, based on
of equity instruments that will
corresponding increase in

(Continued)
(In Rupiah)
At the end of each reporting period, the Company
revises its estimate of the number of equity instruments
which expected to vest. The impact of the revision of
the original estimation, if any, is recognised in
statements of comprehensive income such that the
dengan cumulative expense reflects the revised estimate, with
a corresponding adjustment based on the employee
benefit reserve which settled through the equity
instruments.
2.z. Use of Estimates
The preparation of the Company’s financial statements
in conformity with generally accepted accounting
principles requires management to make estimations
and assumptions that affect to total assets and liabilities
at the balance sheet date and total revenue and
expenses during the reporting year. Actual results may
different with estimates.
Estimation of Useful Life
The Company conducted a review of the useful lives of
the assets based on these factors as well as technical
conditions and technology developments in the future.
The results of future operations will be affected by
the change in estimate resulting from the change in
these factors.
Post-employment Benefits
The present value of post-employment benefit liabilities
depends on several factors that are determined by an
actuarial basis based on several assumptions.
The assumptions used to determine the cost (income)
net pensions include the discount rate. The changes in
these assumptions will affect the carrying amount of
post-employment benefits.
Provision for Impairment of Receivables
dengan The fair value of accounts receivable is determined by
bersifat calculating permanent impairment and the carrying
value is reduced to recognize the decline.
The assumptions used to determine the allowance for
impairment of receivables based on an individual
assessment of each receivable debtor (employer).
Income tax
Determine the provision for corporate income taxes
requires significant judgment by management. There
are certain transactions and computation with the final
tax determination is uncertain during the normal
business activities. The Company recognizes income
tax liabilities based on estimates of whether there will
be an additional income tax.
RSERO) Tbk
IAL STATEMENTS

December 31, 2012
involved in legal proceedings

ssessment to distinguish
ontingencies primarily through
counsel which handling
he appropriate provisions for
or constructive liability, if
the provision policy. In
provisions,
isk and uncertainties.
mpany believes that these
cantly affect the financial
Persero) Tbk
ersero) Tbk
Persero) Tbk
Persero) Tbk
ersero) Tbk
Persero) Tbk
Persero) Tbk
31 Desember
2012/ December
31, 2012
Rp
304,000,000,000
250,000,000,000
60,000,000,000
50,000,000,000
664,000,000,000
675,000,000,000
675,000,000,000
2,183,783,098,228
0
4.1% - 8%
31 Desember
2012/ December
31, 2012
Rp
24,276,133,745
24,276,133,745
certificates of
Rp 5,469,000,000, Rp 8,143,200,000 and Rp 2,215,733,745
(Notes 18.1) or the total values of Rp 15,827,933,745 were
placed in PT Bank Negara Indonesia (Persero) Tbk and
Rp 8.448.200.000 were placed in PT Bank Mandiri (Persero)
Tbk (Note 18.2) in 2013 and 2012. The certificates of deposit
are pledged as collateral for bank loans at each bank.
31 Desember 2012/
December 31, 2012
Rp
402,022,608,522
458,909,035,074
-3,859,427,446
857,072,216,150
618,703,301,384
9,000,000,000
--
261,303,552
RSERO) Tbk

December 31, 2012
ent Losses of
ties accounts receivable are as

RSERO) Tbk
IAL STATEMENTS
(Continued)
December 31, 2012
(In Rupiah)
Venture account receivables are as
JO Waskita - Brantas
JO Waskita-Yasa
JO Waskita-Kajima
JO Waskita-CPA
JO Waskita - Indah Karya
JO Waskita - JPC
JO Waskita - PP - Wika
JO Waskita - PP
JO Waskita-PAL
JO Waskita - Brantas - Wika
JO Waskita - Adhi-HK-WIKA
JO Waskita - Wijaya-PP-Adhi
JO Waskita - Adhi
JO Waskita - Perdasa - Buluh - Larasati
JO Waskita - Adhi
JO Waskita-GXED
JO Waskita - ZUG
JO Waskita - Sinar Intan
JO Waskita-Kumudo Intan
JO Waskita-Tokyu
Others (less than Rp 10 Billion each)
Total Joint Venture Receivables
age (day) category are as
sebesar
31 Desember
December
receivable in
Rp
Rp
- Proyek Tol Benoa 1
proyek
2012 sebesar
proyek
2012 sebesar
- Proyek
3
Tanjung Priok 1 Project based on job contract No:

HK.556/1/15C.Tpk-12 amounted
Rp 62,272,727,273 dated Februari 6, 2012.
PT Pelabuhan Indonesia II - Tanjung Priok Port 2

Tanjung Priok 2 Project based on job contract No:

HK.556/1/16C.Tpk-12
Rp 59,681,818,182 dated Februari 6, 2012.
PT Broadbiz Asia - Paragon Square Project

The Company conducted the work of Paragon Square
Project based on job contract No:
PS/VII/2012 amounted to Rp 331,859,090,909 dated
July 5, 2012.
PT Sumber Mesin Raya -The Manhattan Square
The Company conducted the work of The Manhattan

Square Project based on job contract No:
041/SMR/6/12 amounted to Rp
dated July 8, 2012.
PT Indonesian Paradise Island - Sahid Kuta Project

The Company conducted the work of The Hotel Sahid
Kuta Project based on job contract No: 002.VI/10/IPI-
Dev/Kontrak-SA amounted to Rp
dated June 21, 2010.
PT Trans Marga Jateng - Tol Bawen Package 3
The Company conducted the work of Tol Bawen
TMJ.KPPPPJT/VIII/2011/008
Rp 144,278,192,364, dated Augus
19,
the contract, with the changes on the periof of work,
before 210 calender days become 354 calender days.
PT Tapin Coal Terminal - TCT Sipil Project

The Company conducted the work of TCT Sipil Project
based on job contract No:
amounted to Rp 240,781,733,636.
PT Dok dan Perkapalan Bahari (Persero)

Kodja Bahari Project
The Company conducted the work of Dok Kodja
Project based
No: 029/IV/KONTR/DKB/2010 and 03/KONTR/WK/WB
/Kri/2010 amounted to Rp 119,565,187,000 dated July
16, 2010. There are 2 (two) times of the job contract
addendum No. 029-1/ADD
03-1/ADD
the change in contract price to be Rp 131,301,528,000
dated July 5, 2011 and No. 029-2/ADD2/IV/KONTR/
DKB/2012 and 03-2/ADD 2/KONTR/WK/D.III/Kri/2012
dated February, 9, 2012.
Accounts receivable as collateral on bank lenders, are as
 PT Bank Negara Indonesia (Persero) Tbk (Note 18.1),

the value of receivables is used as collateral that
accounts receivable of Sport Building
- Pamanukan
Centre
- Belawan
Sentul City
Taliwang NTB
- Pasuruan) sebesar
RSERO) Tbk
IAL STATEMENTS

December 31, 2012
ent Losses of
eceivables to related parties are as
on Receivables
eceivables to third parties are as
ny - South Korea
Receivables
nce for impairment losses of

(Continued)
(In Rupiah)
31 Desember 2012/
December 31, 2012
Rp
4,829,031,903 Recovery in Current Period
-6,633,670,655 Addition in the Current Period
Management has provided an allowance for impairment
losses of receivables, based on individual assessment of
each owner of the project. Allowance for impairment of
retention receivables as of June 30, 2013 is nil.
There is recovery of the allowance for impairment losses of
receivables in 2013 to PT Elita Prima Hutama amounted to
Rp 867,729,573.
Management has provided an allowance for impairment
losses of receivables as of December 31, 2012 amounting to
11,819,112,754 including receivables to Perum
Perumnas, PT Elita Prima Hutama and the others company.
There were recovery of the allowance for impairment losses
of receivables in 2012 to PT Pakuwon Darma amounted to
Rp 3,688,918,520 and PT Elita Prima Hutama amounted to
Rp 1,140,113,383.
of receivables is sufficient to cover the possible losses on
the uncollectible retention receivables in the future.
7. Other Receivables
31 Desember
2012/ December
31, 2012
Rp
Related Parties
75,144,307,748 PT Istaka Karya (Persero)
2,333,333,334 Interest Receivable
104,072,547 Koperasi of PT Waskita Karya
3,030,937 Employee Receivables
77,584,744,566
Less: Allowance for Impairment Losses of Receivables
-47,552,388,629
Third Parties
2,305,658,489 Others
2,305,658,489
-- Less: Allowance for Impairment Losses
of Other Receivables
32,338,014,426 Total
The movements of allowance for impairment losses of other
receivables are as follows:
31 Desember
2012/ December
31, 2012
Rp
-12,833,995,383
--
-34,718,393,246
-47,552,388,629
Other receivables PT Istaka Karya (Persero) amounted to
Rp 64,169,976,914 is receivable from PT Istaka Karya
(Persero) that was given in accordance with
the Shareholders of the Company decision outside
the RUPS No. KEP-83/MBU/2011 and Kep-PS04/PPA/0411
dated April 1,
received a Letter of Statement of Payable No.
L.05B/P/WK/2011 and No. DU-SP/2011.01B of PT Istaka
Karya (Persero) amounted of Rp 64,169,976,914.
On April 12, 2011 PT Istaka Karya (Persero) requested to
PT Waskita Karya
No: DK/2011-323 to issue bank guarantee for Bandar
Lampung Bypass project amounted to Rp 10,661,885,000
and the cost of provision for issued Bank Guarantee
amounted to Rp 312,445,834. On March 30, 2012 the bank
guarantee No:
executed by the owner of the project, so that the receivables
of PT Waskita Karya (Persero) Tbk to PT Istaka Karya
(Persero) become Rp 75,144,307,748.
There is still Bank Guarantee no. 2011/JPU/GB/067/7067
amounting to Rp 4,109,673,300 which undisbursed but has
provided an allowance of for impairment losses of other
receivables in 2012.
Inability of PT Istaka Karya (Persero) to fulfill the payment of
liability, so that the settlement is conducted with Debt to
Equity Swap, that the creditors get position as
the shareholders of PT Istaka
the payment compensation on the liability of PT Istaka Karya
(Persero) to the creditors.
On the date January 23, 2013, there were Approval Decision
Peace (Homologation) No.
JktPst.jo of PT Istaka Karya (Persero) that stated as follows:
Peace Agreement dated December 19, 2012 as follows:
a) Specially unsecured creditor’s liability will be settled in
the early part of 3%;
b) Remaning liability of
the temporary stock investment with no vote right, and
c) The stock may be withdrawn
accordance with the projection of PT Istaka Karya
(Persero).
The payment of receivables will be settled partially at the 9th

year until maximum 5 years.
(Continued)
(In Rupiah)
Based on review on the inventory condition, management
made allowance on inventory value as of June 30, 2013 is nil
and December 31, 2012 amounted to Rp 2,802,733,157.
The net value that can be realized is the estimation selling

price less the estimated reasonable cost to acquire or sell
goods.
9. Gross Amount Due from Customers
Gross amount due from customrepresents
the Company’s receivables originated from construction
work which were recognized as revenue based on
the percentage of completion method as stated in the Work
of Completion Certificate while the invoice is still unbilled
due to time difference between the signing date of physical
certificate and the date of invoice billed as of the reporting
date. Gross amount due from customers as of June 30,
2013 and December 31, 2012 are as follows.
31 Desember 2012/
December 31, 2012
Rp
883,470,826,592 Related Parties
-4,128,279,970 Gross Amount Due From Customers
1,891,432,488,789 Third Parties
-11,606,458,192 Gross Amount Due From Customers
1,879,826,030,597 Total Third Parties
Total Gross Amount Due
2,759,168,577,219 from Customers
The details of gross amount due from customers to related
parties are as follows:
31 Desember 2012/
December 31, 2012
Rp
Gross Amount Due from Related Parties
110,648,487,528 PT Perusahaan Listrik Negara (Persero)
66,747,523,147 PT Pelabuhan Indonesia II (Persero)
20,019,090,909 Hotel Indonesia Natour (Persero)
11,802,772,118 PT Jasa Marga (Persero) Tbk
12,400,088,219 PT Bukit Asam (Persero)
-- PT Transmarga Jatim Pasuruan
16,075,711,398 PT Dok Kodja Bahari (Persero)
30,913,800,000 PT Krakatau Bandar Samudera (KBS)
27,373,329,023 PT Pertamedika Sentul
10,581,953,296 PT Trans Lingkar Kita Jaya
RSERO) Tbk
IAL STATEMENTS

December 31, 2012
nt due from customers to third

RSERO) Tbk
IAL STATEMENTS

December 31, 2012
nce for impairment losses of gross

As of December
Rp 280,975,709.
from customers in the future.
Development
The Company has filled an appeal to the Indonesian

National Abitration Board (BANI) as an applicant to apply
arbitration claim against PT Bank Riau Kepri as
the defendant for the settlement of work Menara Dang
Merdu development project (Note 43.7).
2. PT Jasamarga Bali Tol

Project
The Company entered into a work contract of Tol Benoa
Package 2 Project No:
February 8, 2012 with the value of Rp 313,747,274,000.
3. PT Jasamarga Bali Tol

Project
The Company entered into a work contract of Tol Benoa
Package 4 Project No:
February 8, 2012 amounted to Rp 417,851,952,727.
4. PT Angkasa Pura I (Persero)
Project
The Company entered into a work contract of Djuanda
Airport Project based on job contract No:
26/SPP/PL.02/2011/DU
Rp 352,909,091,000 dated September 9, 2011.
5. PT Pelabuhan Indonesia II
Project
The Company entered into a work contract of Tanjung
Priok Port 1 Project No: HK.556/1/15/C.Tpk-12 dated
February 6, 2012 amounted to Rp 62,272,727,273.
6. Satuan Kerja Pelaksanaan Jalan Nasional Wilayah

IV Papua Province (Jayawijaya) - Jalan Habema -
Mugi (MYC) Development Project
The Company entered into a work contract of
Development Jalan Habema
No: KU.08.08/PJN-WIL.IV/PPK-19/145 dated October 2,
2012 amounted to Rp 261,969,756,364.
7. SNVT Pelaksanaan Jaringan Sungai Air Citarum
Citarum Package V Project
The Company entered into a work contract of Citarum
Package V Project No: HK.02.03/PPK-SP.I/SNVT-
PJSA/11 dated Nopember 1, 2011 with the contract
value of Rp
addendum, No. HK.02.03/PPK-SP.I/SNVT-PJSA/11-
Add.1 with the changes of contract price to be
Rp 212.850,176,364.
- Proyek Kali
pekerjaan
1 Nomor :
X/1888 tanggal 24
30 Juni 2013/
June 30, 2013
Rp
483,157,000
--
--
278,916,642,942
142,859,194,786
131,933,987,505
554,192,982,233
30 Juni 2013/
June 30, 2013
Rp
4,713,813,421
1,176,923
2,910,471,344
188,265,279,838
7,273,355,190
--
203,164,096,716
30 Juni 2013/
June 30, 2013
Rp
79,024,847,060
--
79,024,847,060

Based on Government Regulation No. 51 dated July 20,

2008 and was effective on January 1,
the income tax from constructions, all revenues from
construction companies is subject to final tax. Except Final
Income Tax abroad project that has not been determined.
e.
During 2013 year, the Company has not received yet the tax
assessment from tax office.
As of December 31, 2012, the Company received VAT
refunds on tax returns January 2011 and Letters of Tax
Underpayment (SKPKB) Tax Period January until December
Tanggal/ SKPLB/(SKPKB)
Date (Overpayment/Under
Payment
Assessment)
1 Juni 2012/ June 1, 2012
11. Advances and Prepayments

31 Desember
2012/ December
31, 2012
Rp
105,774,666,240
35,936,727,941
869,013,367
19,339,188,043
161,919,595,591
Advances to third party are given to subcontractors,
suppliers and the foreman who worked on the Company’s
projects. The settlement of advance will be offset with
the invoice that will be paid to third parties concerned.
Prepaid expense are the cost incurred for project not yet
started, provision of L/C and SKBDN. The completion of
prepayments is made by charged that expense as
the current year project expense when the project is started
its operation.

12. Held to Maturity Financial Assets

The Company has Promissory Notes issued by PT PPA
22, 2011 amounted to
175,000,000,000, based on Debt Letter No. SU-
01/PPA/0711 with 3% interest and 2 (two) years period,
13. Joint Venture Assets

The details of joint venture assets related parties are as
30 June 2013/ June 30, 2013

Setoran (Penarikan)/ Pengakuan Laba
Koreksi/ (Rugi)/
Placement (Withdrawal)/ Gain (Loss)
Correction Recognition
Rp Rp
-- 4,526,079,599
10,808,540,304 937,874,124
-324,063,163 49,743,075
-- --
-- 5,004,098,983
-- --
-- -908,000,250
-- --
3,639,502,592 -634,238,153
-- --
-- 2,459,250,597
6,185,488 -175,000
921,076,153 -116,017,281
-- --
-- 453,050,291
-- --
87,898,112 --
-621,059,569 --
-594,705,180 --
-- -6,399,692,029
13,923,374,737 5,371,973,956
The details of joint venture assets third parties are as
30 June 2013/ June 30, 2013

Koreksi/ (Rugi)/
Rp Rp
76,576,500,000 --
-- 5,572,953,299
-- -3,559,880,974
7,739,848,682 1,633,890,098
830,608,245 -453,496,724
-7,311,771,560 1,136,356,034
3,760,493,177 -368,409,418
-- --
-- 3,265,461,922

30 June 2013/ June 30, 2013

Koreksi/ (Rugi)/
Rp Rp
5,999,408,740 1,077,101,881
-- -1,715,163,959
-- 452,698,284
2,158,674,041 --
-- 2,029,823,447
-- 1,547,041,221
-423,618,294 927,500,676
-- 1,060,138,584
2,616,424,297 --
-- 769,656,640
-1,000,000,000 --
-- --
-- 894,111,250
-28,388,436 -11,392,469
781,613,579 -166,099
-300,000,000 --
-1,065,270,747 96,050,082
628,916,792 --
-- --
-683,082,330 764,350,125
-- 955,591
200,000,000 --
1,473,179,690 -1,316,070,942
-- 146,258,758
92,341,155 --
61,594,567 --
-- 57,125,000
22,761,698 --
14,668,596 --
-750,000,000 --
-79,611,337 --
-150,874,788 --
-43,456,189 -83,600
-1,469,509,530 -702,173,377
-912,782,627.00 -716,954,062.00
-515,767,704.00 -115,445.00
-1,157,092,723.00 -35,445,624.00
-- --
-2,616,424,296 -2,589,947,132
-900,182,973 -891,215,447
83,549,199,725 9,070,957,620
97,472,574,462 14,442,931,576
The Company is entering into some agreements with
various parties as stated in each agreement, a placement
of funds to the appropriate party based on the obligations
stated in the agreement according to the specified portion.
Project manager was formed with members from each
party which conduct a cooperative agreement. The project
manager conducted the development activities and fully
responsible for all activities including financial accountability
report to each parties in accordance with cooperation
(KSO) untuk
34%,
- Proyek 4
of
1
1,
-
- Proyek
2
25%, dan PT Pembangunan
(KSO) untuk
Naga Jaya.
Project
8
(KSO) untuk
Perkasa.
23
December
December
20
untuk
for 51%.
30 Juni 2013/
June 30, 2013
Rp
7,825,767,785
7,825,767,785
25% atas dari

(PT IT). Perusahaan
30 Juni 2013/
June 30, 2013
Rp
18,250,000,000
6,750,000,000
25,000,000,000
modal sebesar
2013 telah
6.750.000.000,
30 Juni 2013/ June 30, 2013
Penambahan / Pengurangan /
Addition Deduction
Rp Rp
11,433,699,500 --
18,805,027,991 --
58,683,333 87,128,205
50,794,685,384 40,862,400
3,184,586,870 --
-- 829,161,818
84,276,683,078 957,152,423
1,824,571,041 --
642,046,749 49,001,324
18,884,982,027 24,339,266
376,352,814 756,003,339
21,727,952,631 829,343,929

Penambahan Pengurangan
Rp Rp
-- --
3,787,568,165 --
2,495,272,784 2,135,914,720
73,865,890,019 25,974,335,081
1,547,843,637 496,267,192
81,696,574,605 28,606,516,993
3,515,379,353 --
992,015,392 2,103,547,750
28,595,302,361 25,857,753,133
859,941,849 446,331,537
Fixed assets,
18.2), Bank BRI

(Note 18.5
Rp
Rp
In 2013 year, there were deductions of fixed assets mainly

owned by the JO project. As of December 31, 2012 those
assets has been combined as the result of using
the proportional consolidated method for the JO project
1,
the real fixed assets which owned by the Company, so
the JO fixed assets in 2013 year were removed from
the list of the Company’s fixed assets.
As follows depreciation expenses of fixed assets as of
Sale of fixed assets as of June 30, 2013 and December
ets Book Value of Fixed Assets Tetap/ Gain on Sales of Fixed Assets
insured in
77,536,310,000 against fires and other risks to
PT Asuransi Tripakarta and PT Asuransi Himalaya
Pelindung, for property all risks, earthquakes, and fires.
01/08/2013
01/08/2013
01/08/2013
01/08/2013
01/08/2013
01/08/2013
Management believes that insurance coverage for fixed
assets which have been insured is adequate to cover

Software represents the III phase of payment for

the purchasing of ERP MS Dynamics AX2012 which will be
used for the Company's accounting system.
Contract deferred charges represent deferred expense of

the on-going project, which will be charged as expense
when the project contract is executed.
Other assets land and building as follows:

1. Land located in Cengkareng with value of
Rp 423,793,032, this land was purchased by the
Company on May 21, 1991. Then in 1996, the Company
submitted a letter to the Head of City Planning, West
Jakarta regarding the designation of the land. Then the
Company received the answer by letter from the Sub
Department of City Planning, West Jakarta District No
288/17125 dated July 18, 1996, which stated that in
accordance with the planning of the Kali deres city year
2005, the land is allocated for the Public Green
Improvement
process the certificated of ownership furthermore.
2. Apartment located in K.H.Mansur Street Jakarta with

value of Rp 1,467,200,000. Sahid Apartement represents
the payment compensation of retension receivables of
PT Sahid Inti Dinamika on the date of October 22, 1997
Apartment has been appraised by an Independent Property
Appraiser Toto Suharto and Partners through a report
dated January 23,
Rp 2,258,400,000. The assessment using common
methods assessments, and considering all informations,
the factors contained in this report based on assumptions
and limited conditions.
The Company does not use the land and apartment in
the process of producing or rent to the third parties in line
with those assets is not related to the main activities of
the Company.
Management believes that the land and the apartment do
not meet the criteria to be classified as fixed assets, so that
those assets are recorded as other assets.
31 Desember
2012/ December
31, 2012
Rp
341,445,682,752
93,443,597,404
189,080,523,212
198,806,400,332
822,776,203,700

PT Bank Bank Negara Indonesia (Persero) Tbk

The Company entered into the credit facilities from
PT Bank BNI (Persero) Tbk as follows:
Working
Credit
c. Bank Guarantee of Rp 3,000,000,000,000

Credit
These facilities will be due on December 27, 2011

according to KPS/2.1/168/R letter dated October 12,
2011 and has been extended according to
BIN/1.2/009/R letter dated January,
Then this facility has been extended and will be due
on March 26, 2014. The Company’s loan is charged
with the rate amounted to 9% per annum. The loan
facilities are secured and bounded with:
a. Inventory which has been tied by Fiduciary Deed
5 dated August
registered at the Fiduciary Registration Office;
Fiduciary Certificate
HT.04.06.TH.2001/NTSD dated January 26, 2001
b. A plot of land with land right
dated June 1, 2006 and the right will expire on
January 1, 2026, an area of 5,798 m2, located at
Desa Kuta Alam, Banda Aceh, Aceh, under
the name of the Company amounted to
5,191,600,000 according to Land Right
Certificate (SHT) I No.323.
c. A plot of land with land right (SHGB) No. 724 dated
March 29, 1988 until December 1, 2027, an area of
2,098 m2 located at Kelurahan Cipinang
Cempedak, Kecamatan Jatinegara, under
1,500,000,000 according to SHT No.
397/T/1988 and amounted to Rp 31,000,000,000
1.332 m2,
senilai
to Rp
01057/2007.
3.650 m2,
of
of
senilai
Rp
i.
SHT.I.No.
j.
1
an area of
Rp
2952/2007.
2 tanggal 20 Oktober
, seluas 2.013 m2,
odya Surabaya,
(Persero) senilai
2.474.390.000 sesuai
ggal 25 Juni 1997

2017, seluas 1.000 m2,
ng, Kecamatan
Tenggara Timur,
(Persero) senilai
T.I. No. 390/2001
dengan SHT.II.
4 tanggal 24 Oktober
017, seluas 595
pa, Kecamatan
Tenggara Timur,
PT Waskita Karya (Persero) senilai Rp
o. 374/2001 dan
Rp 39.740.000 sesuai dengan SHT.II.
seluas 4.830 m2,

amatan Kelapa
(Persero) Tbk senilai
seluas 4.800 m2,

amatan Kelapa
(Persero) Tbk senilai Rp

dengan SHT.II.
seluas 276 m2,
si Utara, a.n.
Rp 263.530.000,
737/2001 dan senilai
diperpanjang
ggal 16 Pebruari
2018, seluas
ya, Kecamatan
(Persero) senilai
7.047.380.000, sesuai

s. A plot of land with land right (SHGB) No. 1 dated

January 7, 1992 until December 28, 2020, an area
of 4,040 m2, located at Desa Cileunyi Wetan,
Kecamatan Cileunyi, Kabupaten Bandung, West
Java, under the name the Company amounted to
Rp 1,516,520,000 according to SHT.I. No.
2927/2001 and amounted to Rp
according to SHT.II. No. 1613/2007.
The land which is pledged as collateral consist of
buildings and related things already exist in the
land, or to will be exist there.
t. Vehicles consist of 2 (two) unit 2010 year Toyota
New Camry fiduciary tied in accordance to Vehicle
Guarantee Deed Number (3) 18 dated February 6,
2012
u. Deposits under the name of the Company which is
placed in BNI amounted to Rp
Deposit Series No. AA 548877 dated November
23, 2004 bound by pledge in accordance with
Pledge Agreement No. 2005.002 dated April 29,
2005 (Note 4)
v. Deposits under the name of the Company which is
placed in BNI amounted to Rp 8,143,200,000, with
Deposit No. AB Series 621858 dated January 15,
2008/Gadai/002 dated February 12, 2008 (Note 4).
w. Deposits under the name of the Company which is
placed in BNI amounted to Rp
Deposit No. PAA Series 0360531 and 0361348
based on the letter No.
May 27, 2011 (Note 4).
This agreement also includes restrictions that are not

allowed to be done by the Company without the prior
written consent of the Bank among others, to change
business activities; sell or transfer the rights or transfer all
or part of the property
transaction or in several transactions unless; sell or
transfer assets unless that is arm's length; sell or transfer
assets in exchange for or replacement of other assets
that are comparable or better type of the nature and
quality; sell or transfer assets in the context of the
reorganization by the Government of Republic of
Indonesia through the sale of these assets do not have
the effect of material; perform amalgamation, merger,
separation, dissolution of the company other than
reorganization or reconstruction can be done by the
Government of Republic of Indonesia as far as not having
material effect, corporate action will be performed by
qualified legal entity while survived (surviving legal entity)
make the changes to the articles of association that may
cause the material impact, filed a petition for bankruptcy
or suspension of debt payment to relevant authorities.
2013 yang
nk BNI (Persero) Tbk
k GOR Stadion
NI (Persero) Tbk pada
pertahankan rasio
ratio minimal 1 (satu)
elapan) kali dan debt
Pemenuhan
kan oleh Perusahaan
uasi oleh Bank.
2
redit dari PT Bank
Rp 50,000,000,000
Rp 750,000,000,000
Rp 100,000,000,000
Rp 2,650,000,000,000
Rp 115,000,000,000
Rp 500,000,000,000
USD 2,000,000
14 Nopember
surat nomor
14 September 2010
an surat No.
08 Nopember 2012
.CBI/SPPK.098/2012
s tersebut akan jatuh
2013. Atas pinjaman
nga 9% per tahun.
gka di PT Bank
8.200.000 yang
iserahkan dan
(HT) dengan nilai
jaminan; the collateral; obtain other credit facilities or loans from

(Continued)
(In Rupiah)
The Company will be give the priority to PT Bank
Mandiri (Persero) and its affiliates to be an arranger,
underwriter, and others in terms of the Company doing
corporate action in order to fund raising in the country.
Total loan to PT Bank Mandiri (Persero) Tbk as of June
30, 2013 amounted to Rp 290,871,134,271.
The Company is required to maintain the following
financial ratios: current ratio at least 1 (one), loan to
equity ratio of a maximum 4 (four) times and debt
service coverage of at least 100%. The fulfillment of
bank lending restrictions will be reported by the
Company at the end of the year and will be evaluated
by the Bank.
PT Bank Panin Tbk
The Company obtained credit facilities market
300,000,000,000 and the Bank Guarantee is
amounted to Rp 100,000,000,000, according to
the letter number 110/DFI/ EXT/11 dated May 5, 2011.
These facilities can be used until December 31, 2012
and has been extended until May 24, 2013 according to
letter No. 004/DFI-MM/Leg/12.This facility has been
extended until May 24, 2014. The Company’s loan is
charged with the interest amounted to 7.6% per annum.
The total claims of projects (accounts receivables) as of

30, 2013 which secured to the bank loan of
PT Bank Panin Tbk amounted to Rp 536,027,497,322
(Note 5).
The Company’s loan to PT Bank Panin Tbk as of June
30, 2013 amounted to Rp 150,000,000,000.
written consent of the Bank, among others, received a
loan or new credit from another bank or a third party
whose numbers can lead to the violation of financial
covenants on financial ratios; bind themselves as a loan
against the third parties, new businesses opening other
than an existing business; dissolve or liquidate
the Company; change fields / types of business; to apply
for bankruptcy or delayed payment of its debts (van
surseance betaling); change the legal form or legal
status of the Company; change the Company's articles
of association; leasing the Company to a third party;
lease / transfer the goods used as collateral; transfer
the Company in any form to any third party; issuing new
shares and selling existing shares; to pay their debts to
shareholders and shares or the shareholder in any form
for now existing or that will be arise in the future;
a merger or business combination that change
the composition of share ownership; allow

financial ratios: loan to equity ratio maximum 2.5 (two
point five) times, time interest earned ratio at least 2
(two) times and current ratio at leas1 (one) times.
The fulfillment of bank lending restrictions will be
reported by the Company at the end of the year and will
be evaluated by the Bank.
The Company entered into a working capital credit line
facility amounted to Rp 300,000,000,000 according to
letter number R.II.253-ADK/DKR/07/2011 dated July 24,
2012 and non cash loan facility amounted to
Rp 200,000,000,000. This facility can be used until date
June 10, 2013. This facility is still in process to extend
through letter No. 533/WK/DIR/2013.
The Company’s loan to PT Bank Rakyat Indonesia Tbk

as of June 30, 2013 amounted to Rp 183,983,650,174.
Loan facilities are secured and tied with a piece of land
SHGB No. 655 dated January 7, 1992 until December
2020 that have been tied amounted to

written consent of the Bank among others, filed for
bankruptcy to the court, leased assets as collateral to the
bank; to pay interest on shareholder loans.

financial ratios: current ratio at least1 (one) times.
The fulfillment of bank lending restrictions will be
reported by the Company at the end of the year and will
be evaluated by the Bank.
The Company obtained an Export Working Capital
Facility (KMKE) and or Indonesia Eximbank Guarantee
facility amounted to Rp 500,000,000,000 can be used as
guarantee facility maximum of Rp 200,000,000,000
according to the Letter No. BS.0031/ASR/03/2013 dated
March 21, 2013. This facility can be used until date
February 25, 2014. The Company’s loan is charged with
the interest amounted to 8% per annum.
June 30,
PT Bank Indonesia
Rp 695,742,052,900 (Note 5).
another party.
6 PT BPD Jabar dan Banten Tbk
of Credit Documented
penjualan atau
7
maintained
51%
lainnya.
maximum
30 Juni
(Note 5).
December 31, 2012
24. Advances on Long-Term Contract

The details of outstanding long-term contract advances were
Total Advances on Long Term Contract Related Parties
--
--
--
184,790,911
Total Advances on Long Term Contract Third Parties
31 Desember
2012/ December
31, 2012
Rp
750,000,000,000
-2,868,723,464
322,563,177
747,453,839,713
2,868,723,464
-322,563,177
2,546,160,287
Based on the Trustee Agreement Deed No. 11 dated April
2012 in conjunction with the Deed of Amendment I
Trustee Agreement No. 98 dated April
conjunction with the Deed of Amendment II Trustee
Agreement No. 58 dated May 23, 2012 that all are made in
front of Fathiah Helmi, S.H., The Company has issued
"Bonds II Waskita Karya 2012 with Fixed Interest Rate"
amounted to Rp 750,000,000,000, with the following
: Bonds with fixed interest rate of 8.75% (eight

point seventy five percent) per year for period
of 3 (three) years. Principal amount of Serie A
Bonds amounted to Rp
(seventy five billion Rupiah).
Serie B :
Serie
Rp
Bonds interest is paid every

2017
Tbk.
-
(one point five is to one).
held on each year end.
employment, using
In
PT Asuransi Jiwasraya

Employee benefits liabilities as of June

December 31, 2012 are surplus or becoming Programs
Assets. There are no economic benefits available in
the form of refundable fund from the plan or deduction of
future contribution, therefore the Programs Assets were not
recorded by the Company.
Reconciliation of Liabilities (Assets)
31 Desember 31 Desember
2009/ December 2009/ December
31, 2009 31, 2009

Rp Rp
83,880,464,876 70,794,400,246
-62,112,221,903 -46,777,647,294
21,768,242,973 24,016,752,952
-38,655,382,381 -21,629,838,282
-16,887,139,408 2,386,914,670
According to shareholders list from Biro Adminstrasi Efek

Indonesia, PT Datindo Entrycom. The composition of
the Company’s capital as of June 30, 2013 are as follows:
100%
0.00%
68.00%
0.83%
31.17%
100.00%
Capital structure Company's for December 31, 2012 are as
%
100%
0.00%
68.00%
0.83%
31.17%
100.00%
RSERO) Tbk
N KEUANGAN
erakhir pada 30 Juni,

a 31 Desember 2012
aran Dasar Perusahaan

tanggal 21 Oktober
Fatimah SH, ditetapkan
Perusahaan dari
720.000.000.000 yang
720.000 saham dan masing-masing saham
1.000.000. Dari modal dasar
etor penuh sebanyak
180.000.000.000 oleh
20 Juli 2010, yang dibuat

di Jakarta, terdapat
nai perubahan Modal
.000.000.000, terbagi
agi dari 186.900 saham
aham dengan nilai
20.000.000 saham seri B
i nominal Rp 26.655.
ditempatkan sebesar
n oleh Negara Republik
m seri A Dwi Warna atau
Perusahaan Pengelola
seri B atau sebesar
m tersebut berjumlah
penuh ke kas
4 Oktober 2012 yang

H di Jakarta, terdapat
nai perubahan Modal
00.000.000.000, terbagi
a dan 25.999.999.999
m dengan nilai nominal
empatkan dan disetor
6.549.921.000 saham dengan nilai
9 January 2013 dari

a, terdapat perubahan
an peningkatan modal
Perusahaan menjadi
aham seri A Dwiwarna
masing-masing dengan
dengan nilai seluruhnya
al dari penawaran umum

h dikurangi dengan biaya
30 Juni 2013/
June 30, 2013
Rp
3,082,315,000
280
863,048,200,000
-31,910,365,455
831,137,834,545
2013
AHU-
(Persero)
Stock Plan
b.
c.
d.
e.

Based on the Company's letter No.
dated February 22, 2013 to the Indonesia Stock Exchange,
the Company submitted an implementation plan MESOP
PT Waskita Karya (Persero) Tbk for Phase I Option number
173,380,000 shares of series B with the age of 5 (five)
years from the date of issuance and exposed to the vesting
of 1 (one) year from the date of publication. The exercise
price for Phase I of Rp 438 (four hundred and thirty-eight)
per share refers to the average trading price of shares on
the share trading APLN in BEI at the close of trading on
January 17, 2013 until the date of February 21, 2013.
Based on letter No. S-0470/BEI.PPJ/02-2013 dated

February 26, 2013 Indonesia Stock Exchange approved
the listing of shares on the Indonesia Stock Exchange from
the Stock Purchase Option Granting Program to
management and employees (Management & Employee
Stock Plan (Programme) amounted to 173,380,000 shares
Based on the minutes of the General Meeting of

(AGM) dated April
establish the general reserve for the use of the Company's
2012 amounted to Rp
of cash
Based on the minutes of the General Meeting of
32/D2.MBU/2012 dated June 6, 2012, agreed to establish

for general reserve for the use of the Company's profits in
2011 amounted to Rp 165,109,626,357.
The Company has provided the provision of general
reserve in accordance with the Law number 40 year 2007
concerning to Limited Company. The Law requires
companies in Indonesia to provide a general reserve at
20% of the issued and fully paid capital. Reserve
funds have to be held to cover suffered losses and can be
used as working capital and other purposes by the decision
of the general meeting of shareholders.
RSERO) Tbk
IAL STATEMENTS
(Continued)
December 31, 2012
(In Rupiah)
gram of the Government of
, as stated in the Decree of
ed Enterprises number KEP-
2003 concerning to
of the State Owned Capital
Business and Community
e Company has allocated funds
allowance for profit after tax with
cent) up to 3% (three percents),
environmental development
or profit after tax with maximum of
of the Minister of State Owned

27,
Partnership Program of State
mall Businesses and Community
e Company alocated funds for
maximum allowance for profit
of 2% (two percents), and set aside
development program derived from
tax with maximum of 2% (two
p 6,879,567,764 for year 2012.
31. Revenues
Construction Services
Sales Precast
Buildings Rental
Total
parties revenues as follows:
Related Parties
PT Jasa Marga Tol Bali
PT Pelindo II (Persero)
PT PLN (Persero)
PT Paramedika Sentul
PT Pertamina (Persero)
PT Tran Lingkar Kita Jaya

PT Bukit Asam (Persero)
ahari (Persero)
RSERO) Tbk
IAL STATEMENTS

December 31, 2012
arties revenues are as follows:

ngan Bencana
of Republic Indonesia
Unit Usaha
er Terminal
ny - South Korea
) Cempaka Putih
- United Nations
RSERO) Tbk
IAL STATEMENTS
(Continued)
December 31, 2012
(In Rupiah)
PT Tapin Coal Terminal

PT Inti Utama Dharma RE
Total
Construction Services
Raw Material
Wages
Indirect Costs
Total Constructions
Concrete Products
Total Cost of Revenues
m Associates
and Joint Ventures
30 Juni 2012/
June 30, 2012
Rp
--
--
100,001,331
--
3,296,934,254
4,433,559,417
3,253,589,930
-164,829,821
1,782,138,150
--
--
--
--
-151,379,317
2,657,474,994
15,207,488,938
(Continued)
(In Rupiah)
The details of the third parties revenues are as follows:
6,633,091,883 --
3,265,461,922 --
2,029,823,447 --
1,633,890,098 --
1,547,041,221 --
1,136,356,034 -290,000,180
1,077,101,881 --
927,500,676 --
894,111,250 --
769,656,640 --
764,350,125 284,125,355
452,698,284 -1,510,895,311
146,258,758 --
96,050,082 --
57,125,000 --
955,591 71,063,320
-- -26,930,811
-- 509,144,000
-- 215,750,000
-- -2,587,333
-- 545,350,025
-- 279,025,555
-- 356,125,650
-83,600 --
-115,445 --
-166,099 --
-11,392,469 --
-35,445,624 -746,423,733
-368,409,418 317,905,560
-453,496,724 --
-702,173,377 --
-716,954,062 161,553,147
-891,215,447 596,525,072
-1,316,070,942 --
-1,715,163,959 368,057,390
-3,559,880,974 5,949,955,297
11,660,904,752 7,077,743,003
14,442,931,576 22,285,231,941
-- --
14,442,931,576 22,285,231,941
34. Selling and Administrative
and General Expenses
Selling Expenses
Tender
Advertising
Marketing
Total
RSERO) Tbk
IAL STATEMENTS

December 31, 2012
on Expenses
ses of bank/non banks loans, fees

ses related to the acquisition of
current period after deducting
re directly attributable to the cost
d interest of the Company’s bonds
Receivables
income represents receipt from

been provided the impairment in
06,346,001 to Perum Perumnas
e calculation of earnings per
(Persero) Tbk,
296.392 dan
30 Juni 2013/
June 30, 2013
Rp
550,000,000,000
250,000,000,000
200,000,000,000
1,000,000,000,000
200,000,000,000
45,000,000,000
245,000,000,000
1,245,000,000,000
30 Juni 2013/
June 30, 2013
Rp
287,459,440,180
--
120,524,822,437
407,984,262,617
--
--
--
407,984,262,617
a. Primary Segment
the work performed.

30 Juni 2013/ June 30, 2013
Properti / Precast
Property
Rp Rp
-- 41,500,000
-- 2,741,217,096,630
-- 267,525,922,531
-- 14,442,931,576
-- -108,544,012,000
-- 19,748,250,317
-- -9,707,254,833
-- 183,465,837,591
-- -47,812,624,891
-- --
-- 135,653,212,701
-- -79,024,847,060
56,628,365,641
15,176,215,619 1,811,267,924,442
-- 545,780,527,374
-- 2,730,948,037,067
41,053,869,518 531,769,981,231
-- 2,499,413,047,557
8,119,179,517,671
30,962,593,631 1,877,290,812,320
-- 876,684,785,429
-- 3,321,961,708,395
6,075,937,306,144

(Continued)
(In Rupiah)
Jumlah /
Total
Rp
2,727,848,352,501 Revenues
2,517,131,173,472 Cost of Revenues
210,717,179,029 Segment Results
22,285,231,941 Share of Income from Joint Venture
-85,676,557,662 Operating Expenses
26,639,688,273 Other Revenues - Net
-2,881,163,540 Other Expenses - Net
171,084,378,041 Operating Income
-72,728,061,923 Finance Costs
474,325,845 Share of Income from Associates Entity
98,830,641,963 Income Before Taxes
-61,889,615,410 Income Tax Expenses
36,941,026,553 Net Income in Current Period
Assets
718,553,108,361 Accounts Receivable
420,761,553,583 Retention Receivables
2,411,005,953,130 Gross Amount Due from Customers
509,624,399,504 Inventories
1,608,085,187,981 Unallocated Assets
5,668,030,202,559 Total Assets
Liablilities
1,333,976,467,840 Accounts Payable
672,016,638,877 Gross Amount Due to Third Parties
3,011,581,153,194 Unallocated Liabilities
5,017,574,259,910 Total Libilities
Geographic Segment
The Company’s secondary segment is classified by
geographic area. Information segment based on
geographical area were as follow:
Assets
-- Civil Division
733,690,524 Realty Division
-- Precast Division
EPC Division
Head Office
December 31, 2012

30 Juni 2012/
June 30, 2012
Rp
--
--
--
--
11,273,479,484
--
--
--
--
77,825,539,274
825,187,200,540
605,655,326,866
421,521,219,507
239,427,687,215
257,963,188,673
184,569,108,031
104,425,602,911
2,727,848,352,501
--
2,727,848,352,501
31 Desember 2012/
December 31, 2012
Rp
26,440,356,707 Acqusition of Fixed Assets through Accounts Payables (Note 19)
26,440,356,707
42. Monetary Assets and Liabilities

Rp
Rupiah
6,179,940 59,760,019,956
5,451 43,102,106
11,898,457 1,332,270,230
9,302 119,153,730
163,764 428,159,966
7,177,868 18,358,961,586
-- --
-- --
-- --
-- --
23,683,283 60,623,046,022

Rp
Rupiah
-- --
-- --
7,172,070 --
-- --
-- --
-- --
56,290,135 140,664,713,596
585,617 1,465,600,241
-- --
14,748,525 36,910,543,577
15,334,142 38,376,143,818
40,955,993 102,288,569,778
1 In 1999 Joint Venture SAE Waskita consist of Sociate

Euxilliare D’entreprise International and the Company
(Applicant) has appointed Soelistyo SH as Arbiter and
therefore the respondent cannot appoint an arbitrator,
then Soelistyo SH act as single arbitrage in the case of
claim for breach of contract committed by PT Angkasa
Interland
Casablanca project. On December 21, 1999 the Arbiter
issued decision and has been submitted by the South
Jakarta District Court through the decision No.
06/Eks.Arb/2000/PN/Jaksel, dated
declaring the following. Arbitration decision dated
December 21, 1999 are as follows:
a. Respondent shall immediately pay to the Applicant

is amounted to Rp 59,933,261,574 included VAT;
b. Respondent shall immediately pay interest is

amounted to Rp 1,259,987,768 until November
15,1999;
c. Respondent shall immediately pay interest of 6%
per year to the Applicant as stated in the decision
under article 1 and 2 starting from November 16,
1999 up to payment date until the date of
the entire amount,
d. Applicant and responden shall immediately pay

the half of Arbitrage fee is amounted to
Rp 2,500,000, respectively.
Decision
(SAE)
c.
d.
f.
March
decision.
February 22, 2001.

No.
c.
and II).
21 Desember
District
keputusan
a.
b.
c.
diterimanya
c.
6% per tahun,
5.000.000.000
1999 dan
follows:
d. Grant a part of the Plantiff’s claim.
the plaintiff.
f.
Rp 3,000,000,000.
for besides and beyond.
December 21,
the decision of Supreme Court
Cassation Applicant II.
6, 2010 to the Supreme Court
Review of SAE and Waskita.

Province", with
PT Pembangunan

(Continued)
(In Rupiah)
(Persero) Tbk, hereinafter as Applicant II, PT Wijaya
Karya (Persero) Tbk, hereinafter as Applicant III, JO
PT Hutama Karya (Persero) and PT Duta Graha
hereinafter as Applicant IV, PT Waskita Karya
(Persero), hereinafter as Applicant V, PT Istaka Karya
Applicant VI, JO PT Modern
WidyaTechnical, PT Anisa Putri Ragin hereinafter as
Applicant VII, PT Harap Panjang hereinafter as
Applicant VIII jointly appoint Attorney Nengah Sudjana,
SH. & Partners (NSR) to apply the arbitration claims
on multi years project escalation to the Head of
Department of Public Works Roads Development
/ Bridge Program (Multiple Years) Riau
Province cq Riau Province Government, hereinafter as
the Indonesian National
Arbitration Board (BANI), Jakarta registered as Case
No.: 352/V/ARB-BANI/2010.
On December 27, 2010 BANI Jakarta decided the Case

No: 352/V/ARB-BANI/2010 with following decision:
a. Require Respondent to pay the escalation

amounted to Rp 322,395,826,691, with details to:
1) Applicant I: Rp 113,841,020,412;
2) Applicant II: Rp 41,214,592,443;
3) Applicant III: Rp 31,504,906,623;
4) Applicant IV: Rp 49,853,904,365;
b. Punish the Respondent to pay the costs of
arbitration to the applicant for Rp 1,356,378,000.
c. Punish Defendants to implement this decision no
later than 45 days since the verdict is pronounced,
d. Arbitration Decision is the first and final decision,
ordered the Secretary of the Tribunal to register
the official copy of the Decision to District Court of
Pekanbaru on the expense of the Applicant and
Therefore the Respondent has not implemented

the Arbitration Decision until the date specified in
Decision BANI Jakarta, on February 23, 2011, then
the Applicant through the Attorney NSR has filed an
Application Execution of Indonesia National Arbitration
Board Decision No: 352/V/ARB-BANI / PN 2010 to
the Chairman of District Court of Pekanbaru which
14, 2011 with Reg No.
08/PDT/Eks-PTS-BANI/2011/PN.Pbr.
Upon the Execution Application, the Disctrict Court of
Pekanbaru has issued decree No. 08/EKS-PTS-
BANI/2011/PN.Pbr jo. No. 352/IV/ARB-BANI/2010
dated March 15, 2011 with the following contents:
352/IV/ARB-
February
Pekanbaru
11 Mei
25 4
N KEUANGAN
menyatakan Banding
(PT Albok Boiler
telah mengajukan
ovember 2012 dan
PAL-Waskita) telah
ing pada tanggal 4
kumnya. Hingga saat
da Pengadilan Tinggi
ding (KSO PAL-WK)

ding melalui Kuasa
2012, terdapat relaas

Sehingga 14 hari
kan dilimpahkan
arta. Bahwa tidak ada
a waktu pemeriksaan
usan banding.
T Amarta Karya
gugatan terhadap
(PPK) Pengembangan
u dan PT Waskita
an Negeri Jakarta
Perkara Nomor:
12 Februari 2013.
PT Amarta Karya
Penggugat, PPK
an Sistem Petanu
Karya (Persero) Tbk
atan bahwa Tergugat
Melawan Hukum
elitian dan sikap
bulkan kerugian
an proses lelang,
aluasi Penawaran
menyatakan bahwa
waran setelah koreksi
gkan Nilai Penawaran
Rp 63.472.252.000.
idak lulus pada
I dengan alasan
s total disebabkan
pek tek mendapat
n. Sehingga yang
ndah kedua, dalam
Tergugat II adalah
(sepuluh ribu
ecara tunai dan
elah amar putusan
il sebesar Rp
the Plaintiff after the verdict was read.
the trial.
No.
addendum
Rp 222,715,898,000.
which facilitated by the State At
bunga sebesar
525/V/ARB-BANI/2012
Account Receivable, Retention Receivable, Gross Amount Due from Customer
Account Receivable, Retention Receivable, Gross Amount Due rom Customer, Revenues
Account Receivable, Retention Receivable, Gross Amount Due from Customer, Revenues
Account Receivable, Gross Amount Due from Customer, Revenues
Account Receivable, Retention Receivable, Gross Amount Due from Customer, Long Term Adva
Account Receivable, Retention Receivable, Gross Amount due to from Customer, Long term Ad
of items associated with the Related Parties

Transaction:
31 Desember
2012/ December
31, 2012
Rp
9.42% 15.50%
14.01% 10.25%
2.06% 1.74%
0.37% 0.36%
10.23% 10.51%
0.77% 0.51%
Above percentages are comparised with total assets
31 Desember
2012/ December
31, 2012
Rp
14.74% 9.83%
0.79% 1.12%
Above percentages are comparised with total assets
31 Desember
2012/ December
31, 2012
Rp
33.04% 69.38%
Karya (Note 7).
Construction Contract
works with
the following:
Pemberi Kerja /
Owner
461,654,147,900 PT Angkasa Pura I
PT Jasamarga Bali Tol

459,637,148,000 (Persero)
391,465,000,000 PT Pardika Wisthi Sarana
342,038,156,000 SNVT Pelaksanaan Jaringan
313,747,274,000 PT Jasamarga Bali Tol
288,166,732,000 Direktorat Jendral Binamarga
271,999,903,000 Dinas Perhubungan
Kismet Chandra (Direktur PT.

163,250,000,000 Sumber Mesin Raya)
Dinas Pekerjaan Umum

162,457,000,000 Pemerintah Provinsi Maluku
Utara
130,000,000,000 PT Basko Green Tower

Pejabat Pembuat Kegiatan
209,901,397,000 Pembangunan Kantor Dinas
Pekerjaan Umum Provinsi Riau
Dinas Perhubungan
208,881,000,000 Kalimantan Timur
Pemberi Kerja / Mulai /

Owner Start
SNVT PJPA Cimanuk

28-Aug-12
Cisanggarung
Pemerintah Republik
Indonesia cq. Dirjen Bina 1-Oct-2012
Marga, Kementrian PU
DPU Karimun 8-Feb-13
PT Kereta Api Indonesia 25-Feb-13
PT Bank Mandiri (Persero) Tbk 15-Jan-13
DPU Dirjen SDA BBWS
Cimanuk Sisanggarung 18-Mar-13

In financial management, the Company has conducted risk
analysis on competition and uncertainties that could affect
the financial assets and financial liabilities as follows:
a. Classification of Financial Assets and Liabilities

The difference between the fair value and the carrying
value at June 30, 2013 and December 31, 2012 were
RSERO) Tbk
IAL STATEMENTS

December 31, 2012
includes risk-taking activities with

professional management.
Company's risk management is to
sure these risks and manage risk
egularly reviews policies and risk
djust to changes in markets,
practices.
ancial risk as the possibility of loss
sed by factors both internal and
ntially have negative impact on
any in managing financial risks is
balance between risk and returns
dverse effects of the Company's
acing the company is credit risk,

risk, foreign currency exchange
ges in government policy, socio-
conditions. Attention to risk
ed significantly with the changes
market volatility in Indonesia and
ng from customers who fail to
al instruments that have

k consist of cash and cash
ceivable, retention and other
um credit risk exposure is equal to
e accounts. The aging of trade
on Notes to Financial Statements.
unts receivable of the Company is
rticular customer.
credit risk by setting limits
risk for each customer and be
hoice of banks and financial
nks and financial institutions that
and well known will be chosen.
Rp
1,171,853,481,615
negotiate
(iii) Liquidity Risk
term expenses.
sufficient cash inflows.
30 Juni 2013/June 30, 2013
>3 Tahun/
>3 Years
Rp
-- --
-- --
-- --
-- --
>3 Tahun/
>3 Years
Rp
-- --
-- --
-- --
-- --

dengan and cash equivalents sufficient to meet the commitments of

the Company for normal operation and regularly evaluates
cash flow projections and actual cash flows, and
the schedule date of maturity of assets and financial
liabilities.
(iv) Foreign Exchange Risk Foreign Currency
Risk exposure of foreign currency exchange rate is part of

normal operations of the Company and the branches of
Foreign Affairs.
Thus the effect of foreign exchange currency differences is

not significant.
(v) Risk of Changes in Government Policy, Economic and

Social Politics.
Government policies concerning economic and monetary,

and social and political conditions that are less conducive
to result in decreased investment and development.
This can lead to delays in projects that have been or will be
acquired by the Company.
This risk is systemic risk whereby if this happens then

the risk will negatively affect all the variables involved, thus
make the performance of the Company decrease. The risk
diversification is not even able to eliminate this risk.
Capital Management
The purpose of the Company in managing capital is to
protect the ability of the entity in maintaining business
continuity, so that entities can still deliver results for
shareholders and benefits for other stakeholders, and to
provide adequate returns to shareholders by pricing
products and services that are commensurate with the level
of risk.
The Company set a number of capitals in proportion to

the risk. The Company manage sits capital structure and
makes adjustments taking into account changes in
economic conditions and risk characteristics of
the underlying asset.
Consistent with other companies in the industry,
the Company monitors capital on the basis of the ratio of
debt to adjusted capital. This ratio is calculated as follows:
net debt divided by adjusted capital. Net debt is total debt
(as the amount in the statement of financial position) less
cash and cash equivalents.
During the year
maintain unchanged the ratio of debt to adjusted capital at
6:53 sampai lower limit of the range of 6:53 to 6:79. Debt ratio to capital
at June 30, 2013 and December 31, 2012 are as follows:
Pendapatan
Komprehensif Lainnya/ Jumlah Ekuitas/
Other Comprehensive Total Equity
Income
Rp Rp
-2,791,551,243 620,222,360,893
165,516,967 165,516,967
-- -6,879,567,764
-- 36,941,026,553
-2,626,034,276 650,449,336,649
-2,459,741,802 2,007,075,228,694
-- -20,322,503,326
-- --
-138,879,482 -138,879,482
-- 56,628,365,641
-2,598,621,284 2,043,242,211,527
Information
Maatschappij NV"
the Government of Republic of Indonesia.
Karya
No. 91.
0007396.AH.01.09 Year
2013
authorized capital.
Shares
On December 10,
S-08414/BEI.PPJ/12-2012,

(Continued)
(In Rupiah)
From the number of shares offered to the public
offering of 6.25% (six point twenty five percent) or
192,644,000 of new ordinary shares on behalf of
was allocated to the employees through
the allocation of shares to employees of
the Company program (Employee Stock Allocation /
As of December 19, 2012, the total of 9,632,236,000

stocks of the Company's shares were listed on
the Indonesia Stock Exchange
The Company has issued bonds amounted to

Rp 750,000,000,000 in 2012 which devide into two
series of bonds are as follows :
Jatuh Tempo / Due Date Status
5 Juni 2015 / June 5, 2015 Belum Lunas / Outstanding

5 Juni 2017 / June 5, 2017 Belum Lunas / Outstanding
The Scope of Business
In accordance with article 3 of the Company’s Articles
of Association, the objectives of the Company are to
execute and support the Government policy and
programs in economic area and national development
in general, construction industry, fabrication, rental
services, agent services, investment, agro industry,
trading, zone management, increase ability in the field
of construction services, information technology, and
tourism and developer with implementation in good
In order to achieve the objectives, the Company

is engaged in following activities.
Construction work, mining services, integrated work of

Engineering, Procurement, and Construction (EPC),
Design and Build, management consultant service,
ilding components and raw
(Continued)
(In Rupiah)
Commissioner
Commissioner
Commissioner
Director
Director
Director
Director
Director
2012 were as
Head
Members
2012 were as
Head
Members
Division
and
2011, KEP-
65 of Fathiah

The Directors were appointed by the Decision Letter of

the Shareholders No. KEP-135/MBU/2011 and
S-2005/PPA/DU/0611 dated June
233/MBU/2012 and KEP-PS-06/PPA/0612 dated June
19, 2012, and the result of Annual General Meeting of
Shareholder’ according to the deed No. 65 of Fathia
Heli, SH, dated April 18, 2013.
The Audit Committee appointed by the Decision Letter
of Commissioners No.
November 26, 2012.
The Risk and Insurance Committee was appointed by
the Decision Letter of Commissioners No.
05/SK/WK/DK/2012 dated November
regarding the replacement of members Risk and
Insurance’s Committee.
On September 26,
the replacement of formerly Chief of Internal Audit
Syamsudin AB replaced by M. Noor Utomo through a
decision of the Directors of PT Waskita Karya
(Persero) Tbk No. 28/SK/WK/PEN/2012.
On April 24,
the replacement of formerly the Corporate Secretary of
Netty Rohastuti replaced by Munib Lusianto through a
decision of the Directors of PT Waskita Karya
(Persero) Tbk Number: 16/SK/WK/PEN/2013.
The total remunaration have been received by Board of
Commissioners as of June 30, 2013 and June 30, 2012
amounted to Rp 1,410,000,000 and Rp 871,620,000,
respectively.
While the total remunaration have been received by
Board of Directors as of June 30, 2013 and 2012 were
amounted to Rp 4,457,500,000 and Rp 2,619,240,000,
respectively
The Company has permanent employees amounted to
1,115 and 1,004 staffs as of June 30, 2013 and 2012,
respectively.
nsi yang Signifikan 2. Summary of Significant Accounting Policies

The Statements of Compliance
dated June 25,
Public Companies”.
statements of cash flows
operating, investing
financial statements is Indonesian Rupiah.
Dirham
Reuters Rate (Note 2.q).
after January 1,
significant impact to the Company:
PSAK 28
Insurance” (Revised 2012);
(Revised 2012);
Common Control” (Revised 2012).

(Continued)
(In Rupiah)
2.c. Cash Equivalents
Cash equivalents consist of short term time deposits
with maturity less than or equal to 3 (three) months
since the date of placement and are not used as
collateralized.
Investment
Short-term Investment
Time deposits with maturity less than three months on
the date of placement and pledged as collateral, or
restricted and time deposits with maturity of more than
three months on the date of placement are presented
as short-term deposits. The time deposits are
presented using par value.
Investment in Associates Entity

The Company recorded investment in associates,
which is an entity, including noncorporate entities such
as partnerships, where the Company has significant
influence and is not a subsidiary or participation in
the joint venture.
Significant influence is the power to participate in

the financial and operating policies decisions of
the associates company, but does not control or joint
control over those policies. Significant influence is
presumed to exist when the Company owns directly or
indirectly 20% or more of the voting rights of an entity,
unless it can be clearly demonstrated that the
Company has no significant effect. Significant effect
also exists when the Company has less than 20% of
the voting rights of an entity, but can be clearly
demonstrated that the Company has significant
influence.
If after the interests of the Company equal (to zero) or

exceed the carrying amount of investment, then
the additional loss reserve and liabilities are
recognized only to the extent the Company has a
constructive or legal liability or make a payment on
behalf of associates. If the associate subsequently
reports of profit entity, the Company shall recognize its
share of those profits only after the Company's profit is
equal to the losses that have not been recognized.
The Company stopped using the equity method from

the date of the Company no longer has significant
influence over the entity association.
Other Long-Term Investment
Represent an investment with an ownership of shares
less than 20% are recognized initially at fair value plus
transaction costs. The best evidence of fair value is
the current active market price quotations.
Furthermore, equity investments that do not have an

active market price quotations and their fair values can

not be reliably measured, are measured at cost.
At each reporting date, the Company evaluates

whether there is objective evidence that an investment
is impaired. If there is objective evidence that an
investment is impaired, the decline is charged to the
statement of comprehensive income in the current
Financial Assets and Liabilities

The Company classified its financial instruments in
the form of financial assets and liabilities. Financial
assets and liabilities are recognized initially at fair
value including transaction costs. Financial assets
and liabilities are subsequently measured at fair value
or amortized cost using the effective interest method
in accordance with the classification.
Financial Assets
Financial assets are classified into 4 (four) categories,
(i) financial assets at fair value through profit or loss,
loans and receivables, (iii)
financial assets and (iv) available-to-sale financial
assets. This classification depends on the intention of
acquisition of financial assets. Management
determined the financial assets classification at its
initial recognition.
(i) Financial assets at fair value through profit or

loss
Financial assets at fair value through profit or
loss are financial assets which are held for
trading. Financial assets is classified as held for
trading if it is acquired principally for the purpose
of selling or repurchasing in near term and there
is evidence of a recent actual pattern at short
term profit taking. Derivatives are also
categorized as held for trading unless they are
designated and effective as hedging instruments.
As of June 30, 2013 and December 31, 2012,

amortized cost using effective interest rate

the Company has cash and cash equivalents,
accounts receivable, retention receivables, other
receivables, and gross amount due from
customers which were classified as loans and
Held-to-maturity financial assets

Held-to-maturity financial assets are non-
derivative financial assets with fixed or
determinable payments and fixed maturities
for which the Company’s management has
positive intention and ability to hold to
At initial recognition, held to maturity financial

assets are recognized on fair value plus
transaction cost and subsequently measured
at amortized cost using effective interest

the Company has promissory notes which
were classified as held to maturity financial
Available-for-sale financial assets

Available-for-sale financial assets are non-
derivative financial assets that are intended
to be held for indefinite period of time, which
might be sold in response to needs for
liquidity or changes in interest rates,
exchange rates or that are not clasified as
loans and receivables, investment which
classified as held-to-maturity financial assets
or financial assets which measurement at fair
value through profit or loss..
Available-for-sale financial assets are initially

recognized at fair value, plus transaction
costs, and measured subsequently at fair
value with gains and losses being recognized
in the statement of changes in equity, except
for impairment losses and foreign exchanges
gains and losses, until the financial assets is
derecognized. If an available-for-sale
financial asset is determined to be impaired,
the cumulative gain or loss previously
recognized in the equity section will be
in the

income is
the effective interest method, and foreign
currency gain or losses on monetary assets
classified as available-for-sale is recognized in
the statements of comprehensive income.
the Company has financial assets which
were classified as stock investment which
measurable by cost method.
Financial liabilities are classified into (i) financial

liabilities at fair value through profit or loss and (ii)
financial liabilities
Financial liabilities at fair value through

profit or loss
Financial liabilities at fair value through profit
or loss are those financial liabilities which are
held for trading. Financial liabilities are
classified as held for trading if it is acquired
primarily for the purpose of selling or
repurchasing in near term and there is
evidence of a recent actual pattern of short
term profit taking. Derivatives are also
categorized as held for trading unless they are
designated and effective as hedging
instruments.
the Company does not have financial
liabilities which measurable at fair value
through the statement of comprehensive
Financial liabilities measured at amortized
Financial liabilities which are not classified as

financial liabilities at fair value through
the statement of comprehensive income are
categorized and measured at amortized
acquisition cost using the effective interest rate
On June 30, 2013 and December 31, 2012,

the Company has a financial liabilities which
measurable by amortized acquisition cost.
Provision for loss on financial assets impairment
The Company assessed individually if there is an
objective evidence regarding impairment of
financial assets. If there is objective evidence of
assets impairment
the impairment assessed is calculated using
discounted cash flows method and/or fair value of
(Continued)
(In Rupiah)
For financial assets which do not have objective
evidence regarding impairment, the Company will
allocate provision for impairment collectively.
The collective calculation is exercised using
certain formula. Every year, the Company
analyzes the basis of percentage until the relevant
historical data is obtained.
Fair Value Estimation
Fair value for financial instruments traded in active
market is determined based on market value
applicable on the statements of financial position.
Investments on equity on which their fair value are
not available will be recorded at their cost.
Fair values of other financial instruments which

are not traded in market are determined using
certain valuation techniques.
Financial assets and liabilities are measured using
amortized acquisition cost, which are presented
based on carrying values which are close to fair
value as of June 30, 2013 and December 31, 2012.
2.g Retention Receivables
Retention receivable represents receivable from owner
of the project which will be paid after completion of
the contract or fulfillment of certain condition in
the contract. Retention receivable is recorded when
certain percentage deduction is applied in every account
receivable’s claim which retained by the owner of project
up to certain condition after completion of the contract
has been met.
2.h. Gross Amount Due From Customers
Gross amount due from customers represent
the Company’s receivable originated from construction
contract in progress. Gross amount due from customers
is presented as the net amount of costs incurred plus
recognized profits, less the sum of recognized losses
and progress billings.
Gross amount due from customers is recognized as

revenue based on the percentage of completion method
which is stated on the certificate of work completion,
while the invoice is still unbilled due to the difference of
time between the signing date of the certificate and
the date of invoice billed on balance sheet date.
2.i. Prepaid Expenses

Prepaid Expenses represent costs that have been paid
but will be incurred future periods, such as prepaid
insurance premiums, prepaid interest and rent paid in
advance. Prepaid expenses are amortized over
the periods benefited using the straight-line method.
RSERO) Tbk
IAL STATEMENTS
(Continued)
December 31, 2012
(In Rupiah)
third parties is presented as
costs occurred added by net
alized loss.
se Recognition
n services is recognized using
method measured based on
he end of reporting period,
34 Accounting for Construction
2010) effective from January 1,
occur the total contract
tract revenue, the estimated
ately as an expense.
the full accrual method, stated in PSAK 44 (Revised

2010) Accounting for Real Estate Activies, effective
from January 1, 2012, if all the following conditions are
met:
(i) Binding sale and purchase has been accepted;
(ii) The sales price is collectible, wherein the amount
of payments already collected at least 20% of the
agreed sale price;
(iii) The seller’s receivable from buyers is not subject

to future subordination against the other liabilities
of the buyer;
(iv) The seller has transferred the risks and of
ownership benefits to the buyer as follows.
- For the sale of houses with land, if the seller has
transferred to the buyer the risks and rewards of
ownership in a transaction that is in substance a
sale and does not have a substantial continuing
involvement with the property. In this case the
building is ready for use at least, and.
- For sale of land where the building will be
developed by the buyer when the development
of the land is completed whereas the seller is
not obligated to complete improvements of land
sold or to construct other facilities applicable to
the land sold, development agreed facilities or
liability and expenses of the seller in accordance
with the agreement between seller and buyer or
related regulation.

(Continued)
(In Rupiah)
If all the above conditions are not met, all payment
received from buyers are recognized as unearned
revenue using the deposit method, until all conditions
are met. Expenses are recognized when incurred, with
Borrowing costs that can be directly attributable to costs

construction, inventories, realty-property or
production of qualifying assets are capitalized at
The amount of capitalized borrowing costs covers all

(interest, discount, related costs)
exchange rate loss from loan that is not hedged that
incurred during borrowing period less interest income
received from temporary investment of unused loan.
Construction included in acquisition of certain assets is

the pre-financing project whose construction time is
required more than one year.
2.q. Transaction and Financial Statement in Foreign
The Company has determined its functional currency

and measured the results of operations and financial
position in that currency. Furthermore, this standard
also determine how to include foreign currency
transactions and foreign operations in the financial
statements of the Company and translate the financial
statements into a presentation currency.
Functional Currency and Presentation
Presentation of financial statements uses Rupiah
currency, while the presentation of the financial
statements of its overseas using local currency.
Each financial reporting period, the financial
statement of overseas branches is combined with
the financial statements of the business unit in
Indonesia. The combined financial statements of
Branch Offices Abroad Project with the financial
statements of the entity in Indonesia.
2. Transaction and Balance

Transaction in current year that does not use
Rupiah currency are recorded at the prevailing
exchange rates at the transaction date. At each
reporting date, the assets and liabilities monetary
that are not in Rupiah currency are adjusted to
reflect the exchange rates pravailing at that date.

(Continued)
(In Rupiah)
On the statements of financial position, assets and
liabilities monetary foreign currencies are adjusted to
Rupiah based on a middle rate of Bank Indonesia.
Gains or losses from foreign exchange adjustment is
for the year.
Represent a related party disclosure, transaction and

balances including comitments. Key member of
management personnel are related party, thus requiring
the disclosure of the compensation of key management
The Company has evaluated the relationship between

the related parties and ensure that the financial
statements have been prepared in accordance with the
a) The person or immediate family member has a

relationship with a reporting entity if the person is:
Has control or joint control over the reporting
Has significant influence over the reporting
Key management personnel of the reporting

entity or parent entity reporting.
b) One entity is related to the reporting entity if it fulfill
One entity is a joint venture of the three

entities and other entities that are associates
The entity is a retirement benefit plan or

employee benefits from one of any reporting
entity or entities associated with the reporting
entity. If the reporting entity is the entity that
organizes the plans, the entity shall sponsor
also relate to the reporting entity.
Entity controlled or joint controlled by

the person identified in subparagraph (a).
Person identified in subparagraph (a) (i) has
significant influence of the entity or the entity
key management personnel (or the parent
Related parties to the government are entities

controlled, are controlled together or significantly
influenced by the Government. The Government in this
case is defined within the scope of the Ministry of
Finance or the Distric Government is a shareholder of
The Company has disclosed all the natures and

parties (Note 44).
(Continued)
December 31, 2012

(In Rupiah)
(Persero). In
arising from
of the defined
The
the corridor
RSERO) Tbk
IAL STATEMENTS

December 31, 2012
ng period, the Company

e number of equity instruments
he impact of the revision of
if any, is recognised in
sive income such that the
cts the revised estimate, with
ent based on the employee
ettled through the equity
mpany’s financial statements

rally accepted accounting
gement to make estimations
ect to total assets and liabilities
ate and total revenue and
rting year. Actual results may
a review of the useful lives of
e factors as well as technical
y developments in the future.
ations will be affected by
sulting from the change in
-employment benefit liabilities

rs that are determined by an
on several assumptions.
determine the cost (income)
discount rate. The changes in
ffect the carrying amount of
of Receivables
s receivable is determined by
mpairment and the carrying
ecognize the decline.
determine the allowance for
es based on an individual
vable debtor (employer).
or corporate income taxes

ment by management. There
nd computation with the final
certain during the normal
ompany recognizes income
timates of whether there will
RSERO) Tbk
IAL STATEMENTS
(Continued)
(In Rupiah)
Related Parties
Rupiah
PT Bank Tabungan Negara (Persero) Tbk
Amount
Third Parties
Rupiah
PT BPD Jabar dan Banten Tbk
Total
Total Cash and Cash Equivalents
Interest rate on Time Deposits

per Annum (%)
4. Short-Term Investments
Certificate of Time Deposits

Total
deposit amounted to
43,200,000 and Rp 2,215,733,745
values of Rp 15,827,933,745 were
Indonesia (Persero) Tbk and
laced in PT Bank Mandiri (Persero)
nd 2012. The certificates of deposit
for bank loans at each bank.
5. Accounts Receivable
Related Parties
Construction Service Receivables
Joint Venture Receivable
Receivables
Total Related Parties
Third Parties
Construction Service Receivables
Housing Receivables
Account Receivables
Buildings Rental Receivables
The management has allocated the allowance for impairment

losses of receivable, based on individual assessment of each
owner of the projects.
The recovery of impairment losses of receivable in year 2013
represent receipts of receivable for the accounts recievable
which has been impaired to Perum Perumnas amounted to
Rp 1,806,346,001.
The allowance for impairment losses of receivable as of
31, 2012 amounted to Rp
including accounts receivable from PT Basko Minang Plaza,
PT Pakuwon Darma, First Kuwait Trading & Co W.L.L,
Flobamora Realty, PT Sijiro Internasional dan PT Iglas
(Persero) and several other companies.
There were recovery of the allowance for impairment of
2012 to PT Pakuwon Darma amounted to
430,105,771, PT Sijiro International amounted to
886.460.357 and overbooked of the allowance for
impairment of receivables become the allowance for
impairment of retention and gross amount due from customer
to Perum Perumnas of Rp 4,128,279,970, to PT Pakuwon
Darma of Rp 2,243,561,558, PT Elite Prima Hutama of
Rp 1,140,113,383, and several other companies.
to the projects’ owner until June 30, 2013 are as follows:
PT Jasamarga Bali Tol - Tol Benoa Package

Project
The Company conducted the work of Tol Nusa Dua -
Ngurah Rai - Benoa Package 2 Project based on job
contract No: 002/SPP-JBT/2012 amounted to
Rp 285,224,794,545 dated February 6, 2012.
PT Jasamarga Bali Tol -Pembagunan Tol Nusa Dua

- Ngurah Rai - Benoa Package 4 Project
The Company conducted the work of Tol Nusa Dua -
Ngurah Rai - Benoa Package 4 Project based on job
contract No: 004/SPP-JBT/2012 amounted to
Rp 417,851,952,727, dated February 8, 2012.
PT Pelabuhan Indonesia II - Tanjung Priok Port 1
to
RSERO) Tbk
IAL STATEMENTS
(Continued)
(In Rupiah)
sed on job contract No:
amounted to
Februari 6, 2012.
n Square Project
the work of Paragon Square
contract No: 04/BA/SPK-
Rp 331,859,090,909 dated
he Manhattan Square
the work of The Manhattan

on job contract No:
148,409,090,909
land - Sahid Kuta Project

the work of The Hotel Sahid
contract No: 002.VI/10/IPI-
237,470,909,091,
ol Bawen Package 3
the work of Tol Bawen

3 Project based on job contract No:
amounted to
19, 2011. On
2011 has been agreed addendum to
nges on the periof of work,
become 354 calender days.
CT Sipil Project
the work of TCT Sipil Project
110/TCT-WK/V/2011
ahari (Persero) - Dok
d the work of Dok Kodja

on Contract
010 and 03/KONTR/WK/WB
p 119,565,187,000 dated July
o) times of the job contract
1/IV/KONTR/DKB/2011
1/KONTR/WK/WB/Kri/2011 with
ice to be Rp 131,301,528,000
o. 029-2/ADD2/IV/KONTR/
2/KONTR/WK/D.III/Kri/2012
ollateral on bank lenders, are as
nesia (Persero) Tbk (Note 18.1),

s used as collateral that
Sport Building (GOR) of
Balikpapan Stadium East Kalimantan.


Coastal Protection
Maransi amounted to Rp
Rp
amounted to Rp Rp
project Rp
Street amounting to Rp
Rp 14,080,227,920.
 PT Indonesia EximBank (Notes
amounted to Rp 248,241,861,000.
concentration in third party receivables.

IAL STATEMENTS
(Continued)
(In Rupiah)
Beginning Balance of the Period

Recovery in Current Period
Addition in Current Period
Ending Balance of the Period
ka Karya (Persero) amounted to
eivable from PT Istaka Karya
iven in accordance with
he Company decision outside
U/2011 and Kep-PS04/PPA/0411
2011. On May 21, 2011. The Company
Statement of Payable No.
DU-SP/2011.01B of PT Istaka
d of Rp 64,169,976,914.
ka Karya (Persero) requested to
(Persero) Tbk through letter
ue bank guarantee for Bandar
amounted to Rp 10,661,885,000
on for issued Bank Guarantee
834. On March 30, 2012 the bank
2011/JPU/GB/068/6148/Monday has been
the project, so that the receivables
ero) Tbk to PT Istaka Karya
144,307,748.
tee no. 2011/JPU/GB/067/7067
73,300 which undisbursed but has
for impairment losses of other
a (Persero) to fulfill the payment of

ment is conducted with Debt to
creditors get position as
(Persero) as
on on the liability of PT Istaka Karya
013, there were Approval Decision

23/PKPU/2012?PN.Niaga.
a (Persero) that stated as follows:
December 19, 2012 as follows:
reditor’s liability will be settled in
97% will be converted to be

stment with no vote right, and
9th year in
ection of PT Istaka Karya
es will be settled partially at the 9th

December 31, 2012
ent Losses of
ent Losses of
ated Parties
The allowance for impairment losses of gross amount due
from customers until December 31,
Rp 15,734,738,162, including gross amount from PT Putera
Mataram Indah Wisata, PT Sapiem Tanjung Balai, Perum
Perumnas and several other companies.
31, 2012, there were recovery gross
amount due from PT Pakuwon Darma amounted to

of gross amount due from customers is sufficient to cover
the possible losses on the uncollectible gross amount due
Other important informations regarding to gross amount due

from customers as of June 30, 2013 are as follows:
1. PT Bank Pembangunan Daerah (BPD) Riau - Kepri -

Menara Dang Merdu Project
The Company entered into a work contract of
Menara Dang
No. 06/PKS/2010; 418/WK/KONT/WB/2010 amounted to
Rp 195,426,363,636. There is an addendum I, based on
Notarial Deed Yuvita Adriana No.14, dated January 14,
2012 with the change in the value of the contract
amounted to Rp 202,503,636,364.
Based on Promissory Notes dated February
PT Bank Riau committed to make payment 14 (fourteen)
days after the Official Project Handover I (BAST I). As of
June 30, 2013, the Company has not conducted handover of
the project to PT BPD Riau Kepri due to the project is still in
process of audit by BKPB, accordance to the letter from
Bank Riau No. 1218/DIR/2012 dated July 20, 2012.
RSERO) Tbk
IAL STATEMENTS
(Continued)
December 31, 2012
(In Rupiah)
n appeal to the Indonesian
(BANI) as an applicant to apply
PT Bank Riau Kepri as
tlement of work Menara Dang
ct (Note 43.7).
- Toll Benoa Package 2
o a work contract of Tol Benoa

004/SPP-JBT/2012 dated
e value of Rp 313,747,274,000.
- Toll Benoa Package 4
o a work contract of Tol Benoa

004/SPP-JBT/2012 dated
ed to Rp 417,851,952,727.
- Djuanda Airport
o a work contract of Djuanda

on job contract No:
amounted to
d September 9, 2011.
-Tanjung Priok 1 Port
o a work contract of Tanjung

5/C.Tpk-12 dated
ed to Rp 62,272,727,273.
aan Jalan Nasional Wilayah

jaya) - Jalan Habema -
into a work contract of

- Mugi (MYC) Project
PPK-19/145 dated October 2,
1,969,756,364.
ngan Sungai Air Citarum -
o a work contract of Citarum

HK.02.03/PPK-SP.I/SNVT-
1, 2011 with the contract
198,732,830,000. There is contract
03/PPK-SP.I/SNVT-PJSA/11-
of contract price to be

(Continued)
8. SNVT Pelaksanaan Jaringan - Kali Pesanggrahan

Package 1 Project
The Company entered into a work contract of Kali
Pesanggrahan Package 1 Project No: HK.02.03/PPKSP-
SNVT-PJSACC/X/1888 dated October24,
the contract value of Rp 310,943,778,182.
a. Prepaid Taxes and Current Taxes Assets

31 Desember
2012/ December
31, 2012
Rp
Prepaid Taxes
-- Article 22 - 2013
1,078,991,876 Article 22 - 2012
160,029,812 Article 23 - 2012
-- Value Added Tax - 2013
142,859,194,786 Value Added Tax - 2012
131,933,987,505 Value Added Tax - 2011
276,032,203,979
b. Taxes Payable and Current Tax Liabilities
31 Desember
2012/ December
31, 2012
Rp
Taxes Payable
7,360,404,773
2,427,485
3,127,628,922
55,541,332,140 Value Added Tax - Net
Current Taxes Liabilities
18,623,610,027 Article 4 (2) - Final
10,430,798,532 Current Tax - Non Final
95,086,201,879
c. Income Tax Expenses
31 Desember
2012/ December
31, 2012
Rp
Current Tax Expenses
61,889,615,410 Final Income Tax
-- Non Final Income Tax
61,889,615,410 Total Current Tax Expenses
RSERO) Tbk
IAL STATEMENTS
(Continued)
December 31, 2012
(In Rupiah)
d. Current Tax Expense
gulation No. 51 dated July 20,
2008 concerning
nstructions, all revenues from
s subject to final tax. Except Final
t that has not been determined.
Tax Assessment
mpany has not received yet the tax
, the Company received VAT

nuary 2011 and Letters of Tax
ax Period January until December
Terima (Bayar)/
Cash Receipt
(Payment)
136,759,385,799 Terima/ Receipt

-2,086,511,790 Bayar/Payment
-43,523,420 Bayar/Payment
133,930,941,237
Cash Advance from Third Parties
Prepaid Expenses
Prepaid Housing Rental - Short Term
Output VAT of JO Restitution
Total
are given to subcontractors,
n who worked on the Company’s
of advance will be offset with
aid to third parties concerned.
cost incurred for project not yet

nd SKBDN. The completion of
y charged that expense as
xpense when the project is started
(Continued)
December 31, 2012

(In Rupiah)
Saldo Akhir/
Ending
Balance
Rp
13,466,321,413
11,746,414,428
8,408,702,260
7,448,173,986
5,004,098,983
4,292,574,658
3,753,025,100
3,644,332,790
3,005,264,439
2,933,562,102
2,459,250,597
852,854,412
805,058,872
799,279,481
453,050,291
88,166,171
87,898,112
--
-594,705,180
-6,399,692,029
62,253,630,886
Saldo Akhir/
Ending
Balance
Rp
76,576,500,000
34,000,317,842
9,563,018,038
9,373,738,780
7,469,569,817
6,046,943,288
4,295,256,999
4,144,397,943
3,286,573,238
(Continued)
December 31, 2012

(In Rupiah)
Saldo Akhir/
Ending
Balance
Rp
2,959,730,811
2,524,339,206
2,214,023,199
2,158,674,041
2,029,823,447
1,547,041,221
1,499,404,623
1,334,205,951
1,296,132,700
1,224,091,535
1,194,804,072
1,052,050,539
894,111,250
789,616,065
781,447,480
720,821,211
646,658,090
628,916,792
613,155,000
305,600,613
299,539,344
200,000,000
157,108,748
146,258,758
92,341,155
61,594,567
57,125,000
22,761,698
14,668,596
--
--
--
-43,539,789
-201,527,646
-277,031,793
-515,883,149
-790,345,205
-1,388,198,646
-5,206,371,428
-7,653,945,004
166,145,518,997
228,399,149,883
(Continued)
Joint Venture Agreement as follows:

1. Waskita - Adhi - Bengawan Solo and Lamong River
Based on the Joint Operation Agreement dated April 24,

2012, established a Joint Operation
implement Bengawan Solo and Kali Lamongan project in
Center of Java Province, with each share of 55% for
the Company and 45% for PT Adhi Karya (Persero) Tbk,
respectively.
2. Waskita - Jakarta Prima Cranes - SMM Muara Taweh
Based on the Joint Operation Agreement dated June 21,

implement SMM Muara Taweh project in Center
Kalimantan Province, with each share of 67.75% for the
Company and 32.25% for PT Jakarta Prima Cranes.
3. Waskita - PP - WIKA - Merah Putih Bridge

Based on the Joint Operation Agreement dated February
1, 2012, established a Joint Operation (JO) to implement
Merah Putih Bridge project in Maluku Province, with each
share of 34% for the Company,
PT Pembangunan Perumahan (Persero) Tbk and 33%
for PT Wijaya Karya (Persero) Tbk.
Waskita - Panca Duta Karya Abadi

Construction of Governor Project in West Papua Project
Based on the Joint Operation Agreement dated May 25,
implement the construction of West Papua Governor
office Project, in West Papua Province, with each share
51% for the Company and PT Panca Duta Karya
Abadi 49%.
Waskita - Tepat Guna Reforindo - Proyek Pelebaran
Jalan Ampenan - Senggigi - Pemenang
Based on the Joint Operation Agreement dated August
2012, established a Joint Oper
implement the Road Widening Ampenan - Senggigi -
Pemenang project, West Nusa Tenggara Province, with
each share of 51% for the Company and
PT Tepat Guna Refindo.
Waskita - Brantas - Rehabilitation and Reconstruction
Work Building Sabo Dam Package 1 Project
Based on the Joint Operation Agreement dated April 16,
Rehabilitation and Reconstruction Work Building Sabo
Dam Package 1 Project, in Daerah Istimewa Yogyakarta
Province, with each share of 57% for the Company and
43% for PT Wijaya Karya.
7
Project
the Company and

(Persero).
8
Talisayan - Batu Lepok Road Project
Perindu and 17.5% for PT Larasati Indah.
9 Waskita
Procurement Project
29,
and 1% for IHC Breaver Dredgers.
Construction Project
Perumahan, and 25% for PT Hutama Karya.
11. Waskita - CPA - SPAM Samarinda Project
2010 a Joint Operation
Kalimantan province, with each share of
Pengajaran Abadi.
Project
established a Joint Operation
Darusssalam Province, with each share of

the Company and 30% for PT Kumodo Intan.

13. Waskita - Luhbiru - Pembangunan Turap/Sheet Project

Based on the Joint Operation Agreement dated March 1,
2011 a Joint Operation
implement Pembangunan Turap/Sheet Projects in East
Kalimantan Province with each sha
PT Waskita Karya (Persero) and 45% for PT Luhbiru
14. Waskita - Kega - Pembangunan Hotel Harris Yogya

the construction of Hotel Harris Yogyakarta project in DI
Yogyakarta Province, with each share of 70% for the
Company and 30% for PT Kega Kharisma Utama.
15. Waskita - Yasa - Bandara Kualanamu Project

Based on the Joint Operation Agreement dated
December 17, 2010, established a Joint Operation (JO)
for the implementation of the Bandara Kualanamu
Project in North Sumatera Province, with each share of
70% for the Company and 30% for PT Yasa Patria
16. Waskita - HK - PP - Jembatan Siak IV Project

23, 2010, a Joint Operation
established to implement the construction of the Siak
Bridge IV Project and Access Street in Riau Province,
with each share of 40%, 35% and 25%, respectively.
17. Waskita - Brantas - Bendung Gerak Tempe Project
9, 2010, a Joint Operation
established to implementat Gerak Tempe Dam project in
South Sulawesi Province, with each share of 49.5% for
the Company and
respectively
18. Waskita - Adhi - Bendung Sei Ular Project
September 20, 2010, established a Joint Operation (JO)
to implement Sei Ular Dam Project in Riau Province, with
each share of 49% for the Company and PT Adhi Karya
31 Desember
2012/ December
31, 2012
Rp
7,314,876,811
-- 970,623,987
-- -459,733,013
7,825,767,785
amounted to Rp
received amounted to Rp 459,733,013.
31 Desember
2012/ December
31, 2012
Rp
18,250,000,000
--
-- --
18,250,000,000
PT Citra Wasphutowa
The Company has

Saldo Akhir /
Ending Balance
Rp
70,801,238,024
93,433,043,336
10,950,221,730
293,350,579,334
3,184,586,870
12,205,960,847
483,925,630,142
47,207,505,557
6,800,021,931
117,966,996,929
9,596,561,304
181,571,085,721
302,354,544,421
302,354,544,421
Saldo Akhir
Rp
59,367,538,524
74,628,015,345
10,978,666,602
242,596,756,350
13,035,122,665
400,606,099,486
45,382,934,518
6,206,976,506
99,106,354,119
9,976,211,829
such as land and
collateral for bank loans. Some land and buildings are used
as collaterals to Bank BNI (Note 18.1), Bank Mandiri (Note
(Note
amounted to Rp
6,750,000,000, Rp
5,153,000,000, respectively, with total amount of
Rp 137,224,230,000, and the market value of the lands as
collateral amounted to Rp 155,424,200,000.
RSERO) Tbk
IAL STATEMENTS
(Continued)
December 31, 2012
(In Rupiah)
deductions of fixed assets mainly
As of December 31, 2012 those
ned as the result of using
ated method for the JO project
2012. To present
h owned by the Company, so
3 year were removed from
xpenses of fixed assets as of
Cost of Revenue (Note 32)

General and Administration Expenses (Note 34)
Total
June 30, 2013 and December
Keuntungan atas Penjualan Aset
81,358,081
221,278,187
the amount of
fires and other risks to
and PT Asuransi Himalaya
l risks, earthquakes, and fires.
Nilai Pertanggungan /
Coverage Value
Rp
1,679,300,000
1,679,300,000
36,394,000,000
36,255,110,000
764,300,000
764,300,000
77,536,310,000
at insurance coverage for fixed
nsured is adequate to cover
17. Other Assets
RSERO) Tbk
IAL STATEMENTS
(Continued)
(In Rupiah)
e III phase of payment for
Dynamics AX2012 which will be
ccounting system.
s represent deferred expense of

ch will be charged as expense
is executed.
lding as follows:
ngkareng with value of
was purchased by the
1. Then in 1996, the Company
Head of City Planning, West
gnation of the land. Then the
swer by letter from the Sub
ing, West Jakarta District No
1996, which stated that in
ning of the Kali deres city year
ated for the Public Green
(PHU). So that the Company can not
f ownership furthermore.
.H.Mansur Street Jakarta with

0. Sahid Apartement represents
on of retension receivables of
the date of October 22, 1997
aised by an Independent Property
nd Partners through a report
2013 with a fair value of
essment using common
nd considering all informations,
his report based on assumptions
se the land and apartment in

or rent to the third parties in line
elated to the main activities of
at the land and the apartment do

e classified as fixed assets, so that
d as other assets.
18. Short Term Bank Loans
Related Parties
Total Bank Loans Related Parties
RSERO) Tbk
IAL STATEMENTS
(Continued)
(In Rupiah)
Third Parties
PT BPD Jabar and Banten
PT Bank Panin Tbk
Total Bank Loans Third Parties
onesia (Persero) Tbk

o the credit facilities from
Capital Loan
Transactional
(L/C) or SKBDN of
e on December 27, 2011

/R letter dated October 12,
extended according to
10,
n extended and will be due
ompany’s loan is charged
o 9% per annum. The loan
een tied by Fiduciary Deed

13, 1998 and was
ary Registration Office;
No.
dated January 26, 2001
(SHGB) No.2001
he right will expire on
of 5,798 m2, located at
Aceh, Aceh, under
mpany amounted to
g to Land Right
d right (SHGB) No. 724 dated

ember 1, 2027, an area of
Kelurahan Cipinang
Jatinegara, under
mpany amounted to
g to SHT No.
d to Rp 31,000,000,000

d. A plot of land with land right (SHGB) No. 38, April

21, 2003 until April 20 of the year 2022, an area of
1,332 m2, located at Kelurahan Ampenan Selatan,
Kecamatan Ampenan, Mataram, NTB, under
the name of the Company NTB Branch amounted
1,332,000,000 according to SHT.I
No.687/2007.
e. A plot of land with land right
01/Tanjungbaru dated November
October 13, 2027, an area of 1,095 m2, located at
Desa/Kelurahan Tanjung Baru, Kecamatan
Sukarame, Bandar Lampung, Lampung, under
Rp 30,000,000 according to S.Hip. No.3181 and
amounted to Rp 2,222,100,000 tied by SHT II No.
f. A plot of land with land right (SHGB) No. 772 dated

March 31, 1989 until December 19, 2028, an area
of 3,650 m2, located at Desa/Kelurahan Cipinang
Cempedak, Kecamatan Jatinegara under the name
of the Company amounted to Rp 1,000,000,000
according to S.Hip. No.597/T/ 1995 dated 29-09-
2995 and amounted to Rp
according to SHT.I. No. 407/2004.
g. A plot of land with land right (SHGB) No. 4 dated
October 10, 1998 until December 19, 2028 an area
2,511 m2, located at Desa/Kelurahan Betung-
Tebal, Kecamatan Lubuk-Begalung, Padang, West
Sumatra, under the name of the Company
amounted to Rp 651,430,000.
h. A plot of land with land right (SHGB) No. 7 dated
February 18, 1993 until February 8, 2013, an area
806 m2, located at Kelurahan Belakang Olo,
Kecamatan Padang Barat, Padang, West Sumatra,
under the name of the Company amounted to
1,270,880,000 according to SHT.I.No.
according to SHT.II.No.1151/2007. The landright
has been extended until February 7, 2033.
A plot of land with land right (SHGB) No. 436 dated
March 1, 1998 until June 19, 2032, an area of
1,004 m2, located at Sungai Raya, Pontianak,
West Kalimantan, under the name of the Company
amounted to Rp
356/2001 and
Rp 747,850,000 according to SHT.II.No. 169/2007.
A plot of land with land right (SHGB) No. 1085

dated December 1, 2006 until November 23, 2026,
Wonosari, Kec. Wonocolo, Kodya Surabaya, East

Java, under the name of the Company amounted to
2,665,700,000 according to SHT.I.No

(Continued)
(In Rupiah)
k. A plot of land with land right (SHGB) No. 82 dated
October 20, 1988 to April 13, 2028, an area of
2,013 m2, located at Kelurahan Kalirungkut, Kodya
Surabaya, East Java, under the name of
the Company amounted to Rp
according to SHT.I.No. 4772/2001 and amounted
to Rp 2,474,390,000 according to SHT.II.
m. A plot of land with land right (SHGB) No. 2 dated
June 25, 1997 until June 25, 2017, an area of
1,000 m2, located at Kelurahan Pasir Panjang,
Kecamatan Kelapa Lima, Kodya Kupang, East
Nusa Tenggara, under the name of the Company
amounted to Rp 402,860,000 according to SHT.I.
No. 390/2001 and amount to Rp
according to SHT.II. No.239/2007.
n. A plot of land with SHGB No. 24 dated October 24,
1997 until October 24, 2017, an area of 595 m2,
located at Kelurahan Oesapa, Kecamatan Kelapa
Lima, Kodya Kupang, East Nusa Tenggara, under
Rp 49,260,000 according to SHT.I. No. 374/2001
and amounted to Rp 39,740,000 according to
SHT.II. No. 240/2007.
o. A plot of land with land right (SHGB) No. 13 dated
July 22, 1993 until July 22, 2023, an area of 4,830
m2, located at Kelurahan Oesapa, Kecamatan
Kelapa Lima, Kupang, and East Nusa Tenggara,
under the name of the Company amounted to
Rp 457,590,000 according to SHT.I. No. 375/2001.
p. A plot of land with land right (SHGB) No. 43 dated

July 22, 1993 until July 22, 2023, an area of 4,800
m2, located at Kelurahan Oesapa, Kecamatan
Kelapa Lima, Kodya Kupang, East Nusa
Tenggara, under the name of the Company
amounted to Rp 228,000,000 according to SHT.I.
No. 375/2001 and amounted to Rp 602,410,000
q. A plot of land with land right (SHGB) No. 24 dated
June 11, 1993 until May 25, 2013, an area of 276
m2, located at Kelurahan Tikala Ares, Wenang
district, Manado, South Sulawesi, under the name
of the Company amounted to Rp
according to SHT.I. No. 737/2001 and amounted to
Rp 121,670,000 according to SHT.II. No. 667/2007.
The land right has been extended until May 25,
2033
r. A plot of land with land right (SHGB) No. 2 dated
February 16, 1988 until February 16, 2018, an area
of 17,450 m2, located at Desa Kali Jaya,
Kecamatan Cibitung, Kabupaten Bekasi, West
Java, under the name of the Company amounted to
Rp 9,273,020,000 according to SHT.I. No.
RSERO) Tbk
IAL STATEMENTS
(Continued)
December 31, 2012
(In Rupiah)
ember 28, 2020, an area
a Cileunyi Wetan,
upaten Bandung, West
Company amounted to
g to SHT.I. No.
994,180,000
d as collateral consist of
gs already exist in the
) unit 2010 year Toyota

in accordance to Vehicle
(3) 18 dated February 6,
of the Company which is

5,469,000,000,
8877 dated November
accordance with
05.002 dated April 29,
of the Company which is

o Rp 8,143,200,000, with
1858 dated January 15,
bruary 12, 2008 (Note 4).
ame of the Company which is
2,215,733,745,
360531 and 0361348
538/BK/WK/2011 dated
des restrictions that are not

e Company without the prior
nk among others, to change
transfer the rights or transfer all
/ assets owned in a single
ransactions unless; sell or
t is arm's length; sell or transfer
replacement of other assets
etter type of the nature and
sets in the context of the
overnment of Republic of
e of these assets do not have
form amalgamation, merger,
f the company other than
ruction can be done by the
of Indonesia as far as not having
action will be performed by
e survived (surviving legal entity)
articles of association that may
t, filed a petition for bankruptcy
yment to relevant authorities.
Balikpapan East Kalimantan (Note 5).
2013 amounted to Rp 293,673,626,011.
financial ratios: current ratio at least
coverage of at least
PT Bank Mandiri (Persero) Tbk are as follows:
d.
accordance with
charged with the rate amounted to 9%.
The loan facilities are secured and tied with:
which is tied by pledge (Note 4).
with a Guarantee
Rp 6,750,000,000.
er credit facilities or loans from

RSERO) Tbk
IAL STATEMENTS

December 31, 2012
the priority to PT Bank

affiliates to be an arranger,
n terms of the Company doing
to fund raising in the country.
diri (Persero) Tbk as of June
290,871,134,271.
to maintain the following
atio at least 1 (one), loan to
ast 100%. The fulfillment of

s will be reported by the
e year and will be evaluated
credit facilities market

e Bank Guarantee is
I/ EXT/11 dated May 5, 2011.

ed until December 31, 2012
ntil May 24, 2013 according to
facility has been
014. The Company’s loan is
amounted to 7.6% per annum.
ts (accounts receivables) as of
e bank loan of
nted to Rp 536,027,497,322
T Bank Panin Tbk as of June

150,000,000,000.
nk, among others, received a
nother bank or a third party
to the violation of financial
tios; bind themselves as a loan
new businesses opening other
ness; dissolve or liquidate
ds / types of business; to apply
d payment of its debts (van
nge the legal form or legal
hange the Company's articles
e Company to a third party;
used as collateral; transfer
to any third party; issuing new
g shares; to pay their debts to
or the shareholder in any form
ill be arise in the future;
combination that change
ownership; allow
(Continued)
(In Rupiah)
The total claim of project (accounts receivables) as of
2013 which secured to the bank loan of
EximBank amounted to
The Company’s loan to PT Indonesia Eximbank as of

June 30, 2013 amounted to Rp 428,463,952,229.
written consent of the Bank among others, a merger,
acquisition can be impact to pay the obligation to
the bank; obtaining new loans on projects that have been
financed by the bank; expand or narrow the business
that may affect the repayment of loans; the usage of
credit facilities for purposes other than financing credit
facilities purposes; filed the bankruptcy petition to
the court; sell or transfer assets used as collateral; lend
money to anyone, except the result of normal business
activities; act as a guarantor or pledge assets property to
The Company is required to maintain the loan to equity

ratio maximum 3 (three) times. The fulfillment of bank
lending restrictions reported by the Company and will be
evaluated by the Bank each reporting period
The Company obtained a sub-limit non cash loan working

capital loan facility that can be used for Domestic Letters
(SKBDN), LC, and the Bank
Guarantee amounted to Rp 250,000,000,000 according
to the Letter No. 286/Bdg-Kom/An/VII/2013 dated July 4,
2013. The facility can be used until December 31, 2013.

written consent of the Bank, among others; transfer
the collateral / billing terms; change the shape of
the object of credit collateral; obtain an investment credit
facility or other loans from third parties for the same
project; bind itself as guarantor ofthe debt or mortgage
the Company’s financed assets that financed the property
to another party; mergers, acquisitions that could impact
to the credit payment obligations to creditors and the sale
or transfer or release the rights to the property in addition
to the daily business activities; to apply and or
encouraging others to apply to the Court to be declared
bankrupt ordelay payment of the debt, sell or transfer in
any way or waive some or all of the assets that have
been submitted as collateral to the lender except in
order to trade in addition to production, lend money to
anybody, except result of normal business activities in the
PT Bank UOB Indonesia
The Company obtained Working Capital Loan Facility
amounted to Rp 200,000,000,000 according to the letter
of credit no 61 dated Dated April 10, 2013. This facility
can be used until April 10, 2014. The Company’s loan is
charged with interest amounted to 8.5% per annum.
This agreement also includes restriction is not allowed to

be done by the Company without prior written conset
from the Bank among others: not change the core
business of the Company. The Company should
important licence
the Company’s business
significant assets, there is no adverses changes to the
Company’s financial condition. Maintain the average of
direct ownership averages or indirect ownership of
Government of Republic of Indonesia at least 51% during
the period. To submit the monthly progress of projects
funded. To submit all the litigation, arbitration or other
administrative suit. To inform bank for every changes of
the composition of the board of directors and the board of
commissioners. To inform the bank for any failure or
potential failure and to inform of other information
according to the bank’s request.
The Company is required to maintain debt equity ratio

3
maximum 1.5 times and current ratio maximum 1.0 times.
The fulfillment of bank lending restriction will be reported
by the Company at the end of the year and will be
evaluated by the Bank.
The total claim of the projects (accounts receivables) as
of June 30, 2013 which secured to the bank loan of
PT UOB Indonesia amounted to Rp 248,241,861,000
The Company’s loan to PT Bank UOB Indonesia as of
June 30, 2013 amounted to Rp 179,171,948,087.
RSERO) Tbk
IAL STATEMENTS
(Continued)
December 31, 2012
(In Rupiah)
erm Contract
g long-term contract advances were
Related Parties
PT PLN (Persero)
ntract Related Parties
Third Parties
The Distric Government
Hubei Hongyuan Power Engineering, CO. Ltd
The Ministry of Public Utilities
PT Mega Pesanggrahan Indah
PT Metro Wisata Raya
PT Pardika Wisthi Sarana
Others (less than Rp 2 billions each)
ntract Third Parties
Total
25. Bonds Payable
Nominal
Bonds Issuance Cost
Accumulated Amortization
Total
Bonds Issuance Cost
Accumulated Amortization
Unamortized Bond Issuance Costs
eement Deed No. 11 dated April
the Deed of Amendment I
26, 2012 in
ed of Amendment II Trustee
May 23, 2012 that all are made in
H., The Company has issued
012 with Fixed Interest Rate"
he following
rate of 8.75% (eight

t) per year for period
al amount of Serie A
75,000,000,000

(Continued)
(In Rupiah)
Bonds with fixed interest rate of 9.75% (nine
point seventy five percent) per year for a
period of 5 (five) years. Principal amount of
B Bonds were offered at
675,000,000,000 (six hundred and
seventy five billion Rupiah).
3 (three) months, in
accordance with the payment date of each bond interest.
Interest payments Bond A Series and B Series first will be
held on September 5, 2012. Bonds A Series will be mature
on June 5, 2015 and B Series will be mature on June 5,
The rating on long-term debt secu (bonds) of

the PT Pemeringkat Efek Indonesia (Pefindo) is A- (Single
A minus). As security bonds are performing receivables
from projects with a nominal value of 120% (one hundred
and twenty percent) of the principal value of bonds.
Bonds issuance cost II amounted to Rp 2,828,723,464 are

monthly amortized until maturity period in 2017.
Based on letter No. 411/PEF-Dir/III/2013 dated March 4,

2013, the Committee of PT PEFINDO Rating Agency
upgraded the rating to idA from idA-(Single A) to II Bonds
Series A and Series B of 2012 PT Waskita Karya (Persero)
Bonds payable includes certain requirements, as follows:

Current ratio of not less than 1 : 1 (one is to one);
Debt to Equity no more than 3 : 1 (three is to one), and
EBITDA to Interest Expense are not less than 1.5 : 1
The evaluation of the fulfillment of these requirements is
26. Employee Benefits Liabilities

The Company has recorded liabilities of employee benefits
in accordance with Law number 13 Year 2003 regarding to
actuarial techniques,
the framework of the implementation of Indonesian PSAK
No.24 (Revised 2004) of Employee Benefits
2006, the Company signed a cooperation agreement
numbers: WK L.20/P/WK/2006 and numbers. AJS: 076
079.SJ.U between PT Waskita Kar (Persero) and
(Persero) on July 28,
concerning to Management of Severance Group Insurance
Program and Addendum I to Cooperation Agreement No.
L.20/P/WK/2006; No. 079 SJ. U. 0706 dated April 25, 2008.
Actuarial assumptions on 2013 and 2012 were as follows:
RSERO) Tbk
IAL STATEMENTS
(Continued)
(In Rupiah)
Mortality Rate
Annual Salary Increasing Rate
Discount Rate
Method
30, 2013 and
urplus or becoming Programs
conomic benefits available in
nd from the plan or deduction of
fore the Programs Assets were not
Present Value of Funded Obligation

Fair Value of Plan Asset
Funding
Unrecognized Actuarial Net Gain (Loss)
Liabilities (Assets) Program
27. Share Capital
s list from Biro Adminstrasi Efek

ntrycom. The composition of
of June 30, 2013 are as follows:
Authorized Capital
Preffered Stock (Dwi Warna Serie A )
The Government of Republic of Indonesia
Common Stock (Serie B)
The Government of Republic Indonesia
Employees
The Public (each holding 0.05%)
Total Issued and Fully Paid
y's for December 31, 2012 are as
Authorized Capital
Preffered Stock (Dwi Warna Serie A )
The Government of Republic of Indonesia
Common Stock (Serie B)
The Government of Republic Indonesia
Employees
The Public (each holding 0.05%)
Total Issued and Fully Paid
divided into
value of Rp
the Republic of Indonesia
value of Rp
dual color or Rp
or Rp
Rp
the treasury of the Company.
consisting of
6,549,921,000 shares
Rp 654,992,100,000.
of Rp
Rp 963,223,600,000.
as follow:
31 Desember 2012/
December 31, 2012
Rp
3,082,315,000
280
863,048,200,000
-31,910,365,455
831,137,834,545
program (MESOP) from paid up capital after IPO.

AHU 54929.AH.01.02 dated October 24, 2012.
Tbk No:
a. The Commissioner of the Company

the Independent Commissioner)
The Directors of the Company
Permanent employees (PT)
Non Permanent employees
Mesop Phase I
January 20, 2014.
Mesop Phase II
RSERO) Tbk
IAL STATEMENTS
(Continued)
177/WK/DIR/2013
to the Indonesia Stock Exchange,
an implementation plan MESOP
o) Tbk for Phase I Option number
ries B with the age of 5 (five)
uance and exposed to the vesting
date of publication. The exercise
8 (four hundred and thirty-eight)
erage trading price of shares on
BEI at the close of trading on
e date of February 21, 2013.
S-0470/BEI.PPJ/02-2013 dated
esia Stock Exchange approved
e Indonesia Stock Exchange from
ption Granting Program to
ees (Management & Employee
amounted to 173,380,000 shares
30. Retained Eearnings
Appropriated
Beginning Balance
Addition on Reserved Fund
Ending Balance
Unappropriated
Beginning Balance
Allocation to General Reserve

Net (Losses) Income
Partnership Program and Community Development Funds
Ending Balance of the Period
of the General Meeting of
18, 2013, agreed to
erve for the use of the Company's
2,540,312,916 and
dividend amounted
of the General Meeting of

(AGM) of the Company No. RIS-
une 6, 2012, agreed to establish
e use of the Company's profits in
ded the provision of general
h the Law number 40 year 2007
Company. The Law requires
o provide a general reserve at
ly paid capital. Reserve
cover suffered losses and can be
nd other purposes by the decision
38. Bank Guarantee and Letter of Credit(LC)

The Company obtained Bank Guarantee facilities from
PT Bank BNI (Persero) Tbk, PT Bank Mandiri (Persero)
Tbk, PT Bank Panin Tbk, and PT Bank BRI (Persero)
Tbk with maximum of Rp
Rp 2,650,000,000,000, Rp
Rp 200,000,000,000, respectively.
On June 30, 2013 the Company had used the Bank
Guarantee, amounting to Rp
Rp 2,216,024,683,966, Rp nil and Rp 145,913,577,788,
respectively.
The Company also has Letter of Credit and Letter of
Local Bank Credit (L/C) from PT Bank BNI Tbk and
PT Bank Mandiri (Persero) Tbk with the total usage
amounted to Rp 146,451,701,845 and USD 296,392
and Rp 234,069,871,522.
39. Working Capital Loans Facility and
Supply Chain Financing (SCF)
The Company has Working Capital Loans Facility and
Supply Chain Financing
partners bill were as follows:
31 Desember 2012/
December 31, 2012
Rp
550,000,000,000
250,000,000,000 PT Bank Negara Indonesia (Persero) Tbk - KMK
200,000,000,000 PT Bank Negara Indonesia (Persero) Tbk - OAF
1,000,000,000,000
200,000,000,000
45,000,000,000
245,000,000,000
1,245,000,000,000
As of June 30, 2013 and December 31, 2012, the total
usage of those facilities, were as follows:
31 Desember 2012/
December 31, 2012
Rp
482,968,494,180
-- PT Bank Negara Indonesia (Persero) Tbk - KMK
176,932,064,397 PT Bank Negara Indonesia (Persero) Tbk - OAF
659,900,558,577
--
--
--
659,900,558,577

(Continued)
(In Rupiah)
40. Segment Information
The Company’s primary segment is grouped based on
Details information of segment based on the type of

business/product were as follow:
Jumlah /
Total
Rp
3,008,743,019,161 Revenues
Cost of Revenues
Segment Results
Share of Income from Joint Venture
Operating Expenses
Other Revenues - Net
Other Expenses - Net
Operating Income
Finance Costs
Share of Income from Associates Entity
Income Before Taxes
Income Tax Expenses
Net Income in Current Period
Assets
Accounts Receivable
Inventories
Unallocated Assets
Total Assets
Liablilities
Accounts Payable
Gross Amount Due to Third Parties
Unallocated Liabilities
Total Libilities
RSERO) Tbk
IAL STATEMENTS

December 31, 2012
y segment is classified by
mation segment based on
RSERO) Tbk
IAL STATEMENTS
(Continued)
December 31, 2012
(In Rupiah)
Revenues
Civil Division
Building Division
Realty Division
Precast Division
EPC Division
Regional Division I
Regional Division II
Regional Division III
Regional Division IV
Head Office
Division I
Division II
Division III
Division IV
Division V
Division VI
Division VII
Total Before Elimination
Elimination
Total After Elimination
41. Non Cash Transaction
gh Accounts Payables (Note 19)

Total
in Foreign Currency
Assets
Cash and Cash Equivalent
Accounts Receivables
RSERO) Tbk
IAL STATEMENTS
(Continued)
(In Rupiah)
Liabilities
Accounts Payables
Gross Amount Due to Subcontractors
Total Net Assets

43. Litigations
Waskita consist of Sociate
ernational and the Company
Soelistyo SH as Arbiter and
cannot appoint an arbitrator,
single arbitrage in the case of
ct committed by PT Angkasa
(Respondent) on Kondominium Puri
ecember 21, 1999 the Arbiter
een submitted by the South
rough the decision No.
6, 2000
Arbitration decision dated
ediately pay to the Applicant

3,261,574 included VAT;
mediately pay interest is

7,768 until November
ediately pay interest of 6%

as stated in the decision
ting from November 16,
date until the date of
en shall immediately pay

fee is amounted to

In connection with such decision, PT Angkasa

Interland has filed a lawsuit against SAE WASKITA
through the South Jakarta District Court. On February
22, 2001 the South Jakarta District Court issued its
No. 282/Pdt.G/2000/PN.Jaksel declaring the following:

a. Refuse the exception of the Defendant I
(Soelistio), II (SAE) and III (PT Waskita Karya).
b. Grant a part of plaintiff’s claim.
Declare that the plaintiff is right.
Declare that the procedure of forming single
Arbiter of Sulistio, SH was not based on law.
e. Declare the decision of arbitrase dated December
21, 1999 were decided by challenged I is not valid
and has no legal power.
Declare that the decision of South Jakarta District
Court No.
6,
the decision could not be implemented.
g. Punish the Defendant I and II to adhere this
Thereafter, SAE and the Company has proposed an

appeal against the decision District Court to the High
Court of DKI Jakarta.
On November 29, 2001, the High Court issued its
decision No. 328/Pdt/2001/PT. DKI that the injuction
decision stated confirm of the South Jakarta District
Court’s Decision No. 282/Pdt.G/2000/PN.Jak.Sel, dated
In connection with such decision, SAE and

the Company as applicant I have filed an appeal to
Supreme Court (MA). In the copy of decision No. 2773
K/PDT/2002 dated May 19, 2004, the Supreme Court
issued the decision declaring the following:
a. Grant an appeal of Applicant’s appeal of Applicant I

(SAE and PT Waskita Karya) and Applicant II
(Soelistio, SH).
b. Revoke decision of Jakarta High Court’s decision
dated November 29,
PT.DKI and decision of South Jakarta District
Court’s Decision dated February
No. 282/Pdt.G/2000/ PN.Jak.Sel.
Accept the Exception of all applicants (Applicant I
d. Declare that plantiff’s appeal is unacceptable

(the defendant appeal).
e. Punish all the defendant to pay all of legal fee at all
jurisdiction level is amounted to Rp 500.000.
In accordance with such decision, PT Angkasa

Interland has filled an appeal for a review
the Supreme Court which in its Decision No.
judicial review of PT Angkasa Interland.
Court issued
832/Pdt.G/2004/PN.Jak.Sel declaring the following:
dated January 19, 2005.
unlawful act against the plaintiff.

details:
amounting to Rp
the provisions of the Act.
amounting to Rp 5,000,000,000.
e. Declared that article
the law.
its decision No.
a. Grant a part of the Plantiff’s provision claim.
legal power.

c. Declare that the compa/Plantiff’s claim in order to
the Defendant II and III to pay the compensation
amounted to Rp 22,288,859,804 and its interest of
6% per year since this lawsuit is registered at
the South Jakarta District Court is unacceptable.
ntiff’s claim.
e. Declare that compa/Defendant I, and Appelant/
Defendant II and III has breached the law against
Punish the Appelant/Defendant II and III as well as

Compa/Defendant I to pay immaterial losses to
the Plaintiff without recourse amounted to
g. Refuse the remaining of Appellee/Plantiff’s claim
In accordance with the High Court’s Decision,

the Defendants and Plantiff were prepared the written
appeal of the cessation to Supreme Court (MA) on
(MA) No.
K/Pdt/2007 dated February 28, 2008 was refused an
appeal of the Cassation of Applicant I and the
The refusal of the appeal filed, the Defendant II and III

filed a re-consideration Judicial Review (PK) on January
(MA). The Judicial
Review decision of Supreme Court No.46PK/PDT/2010
on October 27, 2010 rejected an application Judicial
In 2010 the contractors who were members of the joint
venture (JO) and were involved in development multi
years projects "Road / Bridge Bay Mosque in Riau
members consisting
Perumahan (Persero) Tbk
hereinafter referred to as Applicant I, PT Adhi Karya
(Continued)
(In Rupiah)
a. Grant the applicant Authorization Request
Execution;
b. Order to the Bailiff of the District Court of
Pekanbaru to call the defendant execution to be
given a reprimand (Aanmaning) for the period of 8
(eight) days comply with the Decision BANI which
already have permanent legal force.
At the same time with the Process Execution Petition,
the defendant has filed an objection on the decision of
BANI No. 352/IV/ARB-BANI/2010 dated December 27,
2010 to the District Court of Pekanbaru and on
21, 2011 with the Registered No.
24/Pdt.ARB.BANI/2011/PN.Pbr.
Decision of the District Court of Pekanbaru No.
24/Pdt.ARB.BANI/2011/PN.Pbr dated May 11, 2011
was rejected all of claim/petition. The decision of
District Court of Pekanbaru. Based on the court
decision, Petitioner on May 24, 2011 expressed an
appeal to the Supreme Court.
Cessation Decision No. MA RI: 709K/Pdt.Sas/2011
dated January 24, 2012 was rejected an appeal from
Head of Public Work Department, Riau Province.
Above Cassation decision, the applicant sent a letter to
Riau provincial Department of Public Works to make
payments in accordance BANI decision.
On September 28, 2012, the Attorney of Applicant sent
a letter to the Chairman of District Court of Pekanbaru
regarding Continued Execution Petition.
Based on the decisions of Cassation, the government
will pay in two stages using the budget in 2012 and
2013, the first phase of payments was held on March
31, 2013 amounting to Rp 14 billion included VAT 10%.
Court in Case No: 208/Pdt.G/2012/PN.Jak.Tim dated

June 25, 2012, between PT Albok Boiler Industry as a
plaintiff againts Consortium PAL-Waskita as defendant
and PT Bank Pembangunan Daerah South of Sumatra
and Bangka Belitung Jakarta Branch as Co-defendant I,
as well as PT Jasaraharja Putera Jakarta Branch as Co-
defendant II, with a lawsuit that Defendant has
committed on unlawful act to terminate the employment
contract with Plaintiff at the work M 2x3 MW
Power Plant Project.
This case was decided in the first instance by the East

Jakarta District Court on October 2, 2012, which in its
decisions the judges received object(Exception)
Defendant and stated that East Jakarta District Court
was not authorized to be absolute to examine and judge
that case. Against the decision, the Attorney of plaintiffs
filed an appeal on October 11, 2012.
At the level of Appeal, Appellant
Nengah Sujana & Partners.
5
(Persero)
the Committing Officer
2013
(Persero)
caused loss to the defendant.
after correction of Rp 63,472,252,000
the second defendant.

and the

(Continued)
(In Rupiah)
three twenty-six million one hundred twenty-six
thousand dollars) to be paid in cash and at the same to
ict was read.
At this time the case is still in the stage of mediation in
PT Waskita Karya (Persero) Tbk has filed an arbitration

appeal to the Indonesian National Arbitration Board
(BANI) as an applicant to conduct the arbitration against
PT Bank Riau Kepri as respondent. The arbitration is
proposed based on the work of the applicant is
completed 100% of Menara Dang Merdu Project (Note
9) according to the work agreement No. 65/PKS/2010-
No. 418/WK/KONT/WB/2010dated July 26, 2010 with
the contract value after addendum amounted to
Previously has been attempted peace through mediation

(JPN). But
the mediation efforts have failed. The completion of
the case in accordance with clause contained in
The value of claims which filed by the Company through

arbitration is the compensation of building operating
costs and interest expense which has been incurred by
the applicant, with the following details:
a) The work value of Rp 222,715,898,000.
b) The compensation, costs and interest amounted to
Rp 85,858,538,006.
The arbitration file has been registered in BANI case

register No. 525/V/ARB-BANI/2012 dated May,
2013
44. Nature and Transaction Related Parties
The followings are Government entity relatde to an entity
controlled, controlled with, or significant influence by
Government:
RSERO) Tbk
IAL STATEMENTS
(Continued)
December 31, 2012
(In Rupiah)
Transactions
Receivable, Gross Amount Due from Customer
Account Receivable, Retention Receivable
Receivable, Gross Amount Due rom Customer, Revenues
Bank Loan
Cash and Cash Equivalent, Bank Loan
Receivable, Gross Amount Due from Customer, Revenues
unt Due from Customer, Revenues
Account Receivable
Account Receivable, Retention Receivable, Revenues
Account Receivable, Retention Receivable, Revenues
Receivable, Gross Amount Due from Customer, Long Term Advance, Revenues
Revenue
Receivable, Gross Amount due to from Customer, Long term Advance, Revenues
Account Receivables
Account Payable
Gross Amount Due from Customer
Gross Amount Due from Customer
he Related Parties
Assets
Cash and Cash Equivalents
Accounts Receivable
Other Receivables
Invesment on Joint Ventures
omparised with total assets
Liabilities
Bank Loans
Long Term Advances
omparised with total assets
Revenues
Nature and transaction related parties that are not related

to the main business activities of the Company include:
PT Jasa Marga (Persero) Tbk (Note 15) and PT Istaka
45. Commitments and Agreements
The Company has entered into several construction

contracts with various parties. This contract is binding of
both parties to fulfill their liabilities within the contract period.
The Company has a commitment to carry out construction
contract values,
Jangka Waktu / Period
Mulai / Selesai /
Start Finish
9-Sep-11 5-Nov-13
8-Feb-12 3-Apr-13
12-Sep-12 11-Sep-14
27-Oct-11 12-Aug-14
1-Mar-12 25-Apr-13
2-Oct-12 30-Nov-14
8-Dec-11 12-Dec-13
22-Nov-11 13-Apr-13
8-Jun-12 1-Oct-13
18-Nov-12 8-Nov-14
1-Oct-12 30-Nov-13
6-Dec-11 6-Jun-13
25-Jul-12 16-Dec-13

IAL STATEMENTS
(Continued)
(In Rupiah)
Jangka Waktu / Period
Selesai / Remarks
Finish
Belum Jatuh
15-Dec-14 Tempo / Not Due
Yet
Belum Jatuh
28-Feb-15 Tempo / Not Due
Yet
Belum Jatuh
2-Aug-14
Tempo / Not Due
Belum Jatuh
24-Feb-14 Tempo / Not Due
Yet
Belum Jatuh
30-Dec-13 Tempo / Not Due
Belum Jatuh
13-Nov-13 Tempo / Not Due
Yet
46. Financial Risk Management
the Company has conducted risk
nd uncertainties that could affect
nancial liabilities as follows:
cial Assets and Liabilities

he fair value and the carrying
d December 31, 2012 were
The impact of interest rate movements in the market is not
significant. The Company manages interest rate risk
through monitoring of the impact of interest rate
movements to minimize the negative impact on
the Company. The Company will closely monitor interest
rate movements in the market and when interest rates
increased significantly, and then the Company will
the interest rates with the lenders.
Liquidity risk is the risk in which the positions of cash flows

show short-term revenues are not sufficient to cover short
Liquidity risk is an exposure of the Company difficulties in

meeting financial obligations that must be paid with cash or
other financial assets. The company is expected to pay all
its obligations in accordance with contractual maturities. In
fulfilling this obligation, the Company must generate
These are non-derivative financial liabilities based on

residual maturity value which was not discounted:
Nilai Tercatat/
Total Carrying Amount
30 Juni 2013/ June
30, 2013
Rp Rp
1,877,290,812,320 1,877,290,812,320
1,526,164,310,772 1,526,164,310,772
3,870,991,215 3,870,991,215
3,407,326,114,307 3,407,326,114,307
Nilai Tercatat/
Total Carrying Amount
31 Desember 2012/
December 31,
2012
Rp Rp
2,002,815,417,409 2,002,815,417,409
1,171,853,481,615 1,171,853,481,615
23,951,446,633 23,951,446,633
3,198,620,345,656 3,198,620,345,656
RSERO) Tbk
IAL STATEMENTS
(Continued)
(In Rupiah)
fficient to meet the commitments of
operation and regularly evaluates
and actual cash flows, and
urity of assets and financial
k Foreign Currency
urrency exchange rate is part of

Company and the branches of
exchange currency differences is
overnment Policy, Economic and
cerning economic and monetary,

nditions that are less conducive
nvestment and development.
projects that have been or will be
whereby if this happens then

ect all the variables involved, thus
the Company decrease. The risk
able to eliminate this risk.
any in managing capital is to

entity in maintaining business
ies can still deliver results for
s for other stakeholders, and to
s to shareholders by pricing
t are commensurate with the level
er of capitals in proportion to
anage sits capital structure and
ng into account changes in
nd risk characteristics of
companies in the industry,

pital on the basis of the ratio of
This ratio is calculated as follows:
ted capital. Net debt is total debt
tement of financial position) less
2013, the Company's strategy is to

ratio of debt to adjusted capital at
f 6:53 to 6:79. Debt ratio to capital
ember 31, 2012 are as follows:
STATEMENTS OF CHANGES IN EQUITY
For the Six Months Periods Ended June 30, 2013 and 2012
(In Rupiah)
BALANCE AS OF DECEMBER 31, 2011
Exchange Difference From Financial
Statements Translation
Partnership Program and Community Developments Funds
Net Income For The Period
BALANCE AS OF JUNE 30, 2012
BALANCE AS OF DECEMBER 31, 2012
Dividend
General Reserves
Exchange Difference From Financial
Statements Translation
Net Income For The Period
BALANCE AS OF JUNE 30, 2013
(Continued)
(In Rupiah)
1 General
The Company’s Establishment and General
The State Owned Company Waskita Karya

(the ‘Company’) was established on January 1, 1961
based on Government Regulation No. 62 year 1961,
from a foreign company named "Volker Aanemings
which nationalized by
lic of Indonesia.
According to Government Regulation No. 40 year
1970, the Company’s status was changed from
Perusahaan Negara (PN) into Perusahaan (Persero).
Furthermore, the Company was named PT Waskita
(Persero) in accordance with the deed of
Limited Liability Corporation No. 80 dated March 15,
1973 of Kartini Mulyadi, S.H. The deed was approved
by the Minister of Justice of the Republic of Indonesia
on August 20,1973 in his Decree No.4.a.5/3/310/3
and stated on State Gazette of the Republic of
Indonesia No. 82 on November 13, 1973, Supplement
The Company's Articles of Association has been

amended for several times, most recently by
amendment of the Deed No. 29 on January 29, 2013
of Fathiah Helmi, SH, Notary in Jakarta, and was
approved by Ministry of Justice and Human Rights of
Republic of Indonesia in its Decree No. AHU -
2013, dated February 4,
The most recently amendment of the Company's

articles of association is related to the change of
shares and par value of shares in the Company’s
The Public Offering of the Company's Securities
2012, the Company received

an effective notification from the Chairman of
the Capital Market Supervisory Agency (Bapepam-
LK) with the letter No. S-14012/BL/2012.
On December 17, 2012, according to the letter No.

PT Bursa Efek
Indonesia agreed to the stock offering of
PT Waskita Karya (Persero) Tbk on the Indonesia
Stock Exchange to the public for 3,082,315,000 of
common stock with the nominal value of Rp 100 per
share and the offering value of Rp 380 per share.
RSERO) Tbk
IAL STATEMENTS
(Continued)
December 31, 2012
(In Rupiah)
nted by the Decision Letter of
KEP-135/MBU/2011 and
15, 2011, SK-
A/0612 dated June
of Annual General Meeting of
the deed No. 65 of Fathia
ointed by the Decision Letter

04/SK/WK/DK/2012 dated
ommittee was appointed by

Commissioners No.
d November 26, 2012
ent of members Risk and
2012, there has been made

rly Chief of Internal Audit
y M. Noor Utomo through a
s of PT Waskita Karya
WK/PEN/2012.
2013, there has been made
rly the Corporate Secretary of
by Munib Lusianto through a
s of PT Waskita Karya
/SK/WK/PEN/2013.
ave been received by Board of
30, 2013 and June 30, 2012
0,000 and Rp 871,620,000,
ion have been received by

une 30, 2013 and 2012 were
0,000 and Rp 2,619,240,000,
nent employees amounted to

of June 30, 2013 and 2012,

(Continued)
(In Rupiah)
The Company’s financial statements for the year

ended June 30, 2013 and December 31, 2012, are
prepared in conformity with the Indonesian Accounting
Standard “SAK” established by Financial Accounting
Standard Board the Indonesian Institute of
Accountants and according to Bapepam-LK Regulation
No. VIII.G.7 which is attachement of Decree of the
Chairman of Bapepam-LK No. KEP-347/BL/2012
2012 regarding "Presentation and
Disclosure of Financial Statements for Issuer or the
Basis of Presentation of Financial Statements

The basis of measurement in the preparation of these
financial statements is historical cost method, except
for fixed assets have been revalued (revaluation) in
the year 2000, investments in certain securities which
are carried at fair value, inventories are stated at the
lower of cost and net realizable value (the lower of cost
or net realizable value). The financial statements are
prepared using the accrual method, except for
The statements of cash flows are prepared based on

the direct method by classifying cash flows into
and financing activities.
The reporting currency used in the preparation of these
donesian Rupiah.
The accounting records of the Company’s branch office

in Dubai are maintained in local currency where
the branch office domiciled, which is in Arab Emirat
(AED) and Saudi Arab Real (SAR). For
combining purpose, the financial statements of
the branch office are translated into Rupiah based on
The Implementation of Revised Accounting Standards

The following new standards, revisión to the standards
and intrepretation of the standards that have to applied
mandatory for the first time for the year beginning on or
2013, but not relevant and not
“ Accounting for Contract Losses
PSAK 36 “ Accounting for Contract Life Insurance”
PSAK 38 “Combination Business of Entity Under

(Continued)
December 31, 2012

(In Rupiah)
held-to-maturity
RSERO) Tbk
(Continued)
December 31, 2012
(In Rupiah)
ffective interest rate
December 31, 2012,

nd cash equivalents,
ntion receivables, other
amount due from
assified as loans and
l assets are non-

ts with fixed or
nd fixed maturities
management has
bility to hold to
to maturity financial
n fair value plus
equently measured
effective interest
December 31, 2012,

sory notes which
maturity financial
l assets are non-

s that are intended
eriod of time, which
nse to needs for
n interest rates,
e not clasified as
nvestment which
rity financial assets
measurement at fair
l assets are initially

, plus transaction
sequently at fair
es being recognized
ges in equity, except
d foreign exchanges
e financial assets is
vailable-for-sale
ned to be impaired,
loss previously
y section will be
statements of
RSERO) Tbk
IAL STATEMENTS
(Continued)
December 31, 2012
(In Rupiah)
calculated using
ethod, and foreign
n monetary assets
sale is recognized in
ehensive income.
December 31, 2012,
cial assets which
nvestment which
ssified into (i) financial

ough profit or loss and (ii)
measured at amortized
value through
value through profit

liabilities which are
ncial liabilities are
ng if it is acquired
ose of selling or
rm and there is
al pattern of short
rivatives are also
ading unless they are
ve as hedging
December 31, 2012,

t have financial
able at fair value
of comprehensive
red at amortized
are not classified as

air value through
hensive income are
ured at amortized
effective interest rate
cember 31, 2012,

cial liabilities which
acquisition cost.
cial assets impairment
ndividually if there is an
arding impairment of
s objective evidence of
individually,
d is calculated using
thod and/or fair value of
RSERO) Tbk
IAL STATEMENTS

December 31, 2012
do not have objective

rment, the Company will
mpairment collectively.
n is exercised using
year, the Company
centage until the relevant
truments traded in active

ased on market value
ents of financial position.
which their fair value are
ded at their cost.
cial instruments which

are determined using
ities are measured using

t, which are presented
which are close to fair
and December 31, 2012.
esents receivable from owner

e paid after completion of
nt of certain condition in
ceivable is recorded when
tion is applied in every account
retained by the owner of project
ter completion of the contract
rom Customers
m customers represent
e originated from construction
s amount due from customers
mount of costs incurred plus
e sum of recognized losses
ustomers is recognized as
centage of completion method
tificate of work completion,
nbilled due to the difference of
date of the certificate and
on balance sheet date.
nt costs that have been paid

e periods, such as prepaid
paid interest and rent paid in
nses are amortized over
ng the straight-line method.
tated in PSAK 44 (Revised
l Estate Activies, effective
ll the following conditions are
e has been accepted;

ble, wherein the amount
cted at least 20% of the
m buyers is not subject

gainst the other liabilities
ed the risks and of

buyer as follows.
f the seller has
he risks and rewards of
n that is in substance a
substantial continuing
perty. In this case the
at least, and.
when the development

whereas the seller is
improvements of land
facilities applicable to
nt agreed facilities or
he seller in accordance
een seller and buyer or
RSERO) Tbk
IAL STATEMENTS
(Continued)
December 31, 2012
(In Rupiah)
ocated the allowance for impairment
d on individual assessment of each
nt losses of receivable in year 2013

ivable for the accounts recievable
to Perum Perumnas amounted to
ment losses of receivable as of

24,626,427,605,
able from PT Basko Minang Plaza,
t Kuwait Trading & Co W.L.L,
jiro Internasional dan PT Iglas
e allowance for impairment of

ma amounted to
International amounted to
ooked of the allowance for
les become the allowance for
nd gross amount due from customer
4,128,279,970, to PT Pakuwon
558, PT Elite Prima Hutama of
2
(Continued)
(In Rupiah)
Kalimantan.
PT Bank Panin Tbk (Note 18.3), accounts receivable is
used as collateral for the projects are as follows: Plaza
Bangkinang Project amounted Rp 8,488,571,667,
in Bengkulu amounted
Rp 9,905,455,132, Gunawangsa Apartement amounted
to Rp 36,284,892,083, Flood Control Project in Batang
5,944,353,089, National
Karawang-Cikampek-Pamanukan Street amounted to
26,739,560,500, Samarinda Medical Center
38,494,465,909, Hospital of
Pertamina Sentul City amounted to Rp 87,466,464,517,
Water Boom Batanghari District amounted to
Rp 2,720,287,937, Water Boom Kabupaten Batanghari
2,720,287,937, Pujud Mahato street
amounted to Rp 71,150,962,368, PLTU Riau Tenayan
Raya amounted Rp 50,673,426,187, Medan - Belawan
54,755,343,225, and BNP
Sentul City Building amounting to Rp 73,909,467,363
and Taliwang NTB Sport Center Building
18.5), the value of

receivables is used as collateral for the projects are as
follows East Terminal Juanda Airport Building
Renovation Project amounted to Rp 461.654.147.900
and Gempol - Pasuruan Tol Road (Gempol - Pasuruan
Section) amounted to Rp 234,087,905,000.
PT Bank UOB (Notes 18.7), the value of receivables is
used as collateral for the project as follow Surabaya-
Gempol street relocation development project
Joint venture receivable represents an accounts receivable

in the terms on the completion of physical work that has
been billed for the Join Operation project (JO) with the form
of a joint operation to the employer (owner of the project)
and project costs are paid in advance by the Company.
of accounts receivable from third parties are sufficient to
cover the possible losses on uncollectible receivables.
Management also believes that there is no risk of significant

ty receivables.
2012 amounted to
Merdu Project
29, 2012,
(In Rupiah)
2011 with
10. Taxes
Total
Article 21
Article 22
Article 22
Total
RSERO) Tbk
IAL STATEMENTS

December 31, 2012
(In Rupiah)
wan Solo and Lamong River
ion Agreement dated April 24,

(JO) to
o and Kali Lamongan project in
with each share of 55% for
r PT Adhi Karya (Persero) Tbk,
a Cranes - SMM Muara Taweh
ion Agreement dated June 21,

(JO) for to
Taweh project in Center
h each share of 67.75% for the
PT Jakarta Prima Cranes.
ion Agreement dated February

nt Operation (JO) to implement
t in Maluku Province, with each
33% for
han (Persero) Tbk and 33%
- Building
Project in West Papua Project
ion Agreement dated May 25,
(JO) to
on of West Papua Governor
ua Province, with each share
d PT Panca Duta Karya
orindo - Proyek Pelebaran
ion Agreement dated August

(JO) to
ening Ampenan - Senggigi -
Nusa Tenggara Province, with
49% for
ilitation and Reconstruction
ion Agreement dated April 16,

(JO) for the
struction Work Building Sabo
n Daerah Istimewa Yogyakarta
of 57% for the Company and

(Continued)
(In Rupiah)
Waskita - Brantas - The Constructio of Pandan Duri

2012, established a Joint Operation (JO) to implement
the construction of Dam Pandan Duri II project in Nusa
Tenggara Barat Province, with each share of 51% for
49% for PT Brantas Abipraya
Waskita - Perdasa - Buluh Perindu - Larasati Indah -
Based on the Joint Operation Agreement dated October

the construction of JalanTalisayan - Batu Lepok Project,
in East Kalimantan Province, with each share of 30% for
the Company, 25% for PT Perdasa, 27.5% for PT Buluh
Larasati Indah.
- IHC Beaver Dredgers BV - Dredger

Based on the Joint Operation Agreement dated October
2012, established a Joint Operati (JO) to
implement the Dredger Procurement Project in Central
Java Province, with each share of 99% for the Company,
10. Waskita - Wijaya - PP - Hutama - P Jatigede Dam

the construction of CIC Jatigede Dam Project in West
Java Province, with each share of 25% for the Company,
25% for PT Wijaya Karya, 25% for PT Pembangunan
PT Hutama Karya.
Samarinda Project
(JO) was established to
implement the SPAM North Samarinda in East
th each share of 65% for
PT Waskita Karya (Persero) and 35% for PT Cahaya
12. Waskita - Kumodo Intan - Pembangunan Waduk Rajui

December 10, 2010, the Company and PT Kumodo Intan
(JO) to implement
the construction of Rajui Reservoir in Nanggroe Aceh
th each share of 70% for
r PT Kumodo Intan.
RSERO) Tbk
IAL STATEMENTS
(Continued)
December 31, 2012
(In Rupiah)
mbangunan Turap/Sheet Project
ion Agreement dated March 1,
(JO) was established to
Turap/Sheet Projects in East
55% for
o) and 45% for PT Luhbiru
bangunan Hotel Harris Yogya

ion Agreement dated February
nt Operation (JO) to implement
Harris Yogyakarta project in DI
each share of 70% for the
Kega Kharisma Utama.
ara Kualanamu Project

peration Agreement dated
blished a Joint Operation (JO)
of the Bandara Kualanamu
a Province, with each share of
d 30% for PT Yasa Patria
mbatan Siak IV Project

(JO) was
the construction of the Siak
ess Street in Riau Province,
35% and 25%, respectively.
endung Gerak Tempe Project
(JO) was
tat Gerak Tempe Dam project in
with each share of 49.5% for
50.5% for PT Brantas Adipraya,
ung Sei Ular Project

ablished a Joint Operation (JO)
m Project in Riau Province, with
e Company and PT Adhi Karya

(Continued)
(In Rupiah)
14. Investment in Associate Entity
Net Income
Dividend Receipt
Total Investment in PT Ismawa Trimitra (Persero)
The Company owns investment in PT Ismawa Trimitra

(PT IT) amounted to 25% of its paid in capital. This associate
entity was established in 1995, engaged in property, trading,
and agency and also the owner and operator of office
buildings on Jalan Graha Iskandarsyah No. 66C Kebayoran
Baru Raya, Jakarta. The Company’s portion in net income of
investments at PT IT recognized on December 31, 2012
970,623,987. In May 2012 devidend
459,733,013.
Management believes there is no active market price
quotations in the fair value of investments in associates
entity and valuation techniques can not be used, so fair
value of the investment is measured at acquisition cost.
15. Other Long-Term Investments
PT Citra Wasphutowa
Addition
Dividend Receipt
Total PT Citra Wasphutowa
12.5% of the capital of PT Citra

Wasphutowa (PT CW). The company was established
under Notarial Deed of Drs. Soegeng Santosa, SH, MH,
No. 10 dated January 13, 2006, is engaged in the toll road
concession. Until December 31, 2012 the paid in capital
has been made amounted to Rp 18,250,000,000. In
the month of February 2013 have made additional capital
amounted to Rp 6,750,000,000, so the total paid in capital
until June 30, 2013 amounted to Rp 25,000,000,000.
RSERO) Tbk
IAL STATEMENTS
(Continued)
(In Rupiah)
16. Fixed Assets
Acquisition Cost:
Land
Building
Office Supplies
Project Equipment
Plant Equipment
Vehicle
Total
Accumulated Depreciation:
Building
Office Supplies
Project Equipment
Vehicle
Total
Net Book Value
Net Book Value
Acquisition Cost:
Land
Building
Office Supplies
Project Equipment
Vehicle
Total
Accumulated Depreciation:
Building
Office Supplies
Project Equipment
Vehicle
buildings are used as
Some land and buildings are used
(Note 18.1), Bank Mandiri (Note
18.4) and Indonesia Eximbank
109,135,230,000,
16,186,000,000 and
ely, with total amount of
the market value of the lands as
Total
of
of
2012
C2-4831
RSERO) Tbk
IAL STATEMENTS
(Continued)
December 31, 2012
(In Rupiah)
d right (SHGB) No. 38, April
the year 2022, an area of
rahan Ampenan Selatan,
Mataram, NTB, under
y NTB Branch amounted
g to SHT.I
(SHGB) No.
13, 1987 until
a of 1,095 m2, located at
Baru, Kecamatan
pung, Lampung, under
mpany amounted to
to S.Hip. No.3181 and
0,000 tied by SHT II No.

ember 19, 2028, an area
esa/Kelurahan Cipinang
tinegara under the name
d to Rp 1,000,000,000
7/T/ 1995 dated 29-09-
31,000,000,000

ecember 19, 2028 an area
a/Kelurahan Betung-
Begalung, Padang, West
ame of the Company

ebruary 8, 2013, an area
ahan Belakang Olo,
Padang, West Sumatra,
mpany amounted to
g to SHT.I.No.
460,020,000
51/2007. The landright
February 7, 2033.
ght (SHGB) No. 436 dated
19, 2032, an area of
gai Raya, Pontianak,
he name of the Company
464,850,000 according to
amounted to
g to SHT.II.No. 169/2007.
ght (SHGB) No. 1085

until November 23, 2026,
1,004 m2, located at Kel. Jemur
Surabaya, East
he Company amounted to
g to SHT.I.No
RSERO) Tbk
IAL STATEMENTS

December 31, 2012

rahan Kalirungkut, Kodya
under the name of
2,027,710,000
72/2001 and amounted
ording to SHT.II.
rahan Pasir Panjang,
, Kodya Kupang, East
name of the Company
000 according to SHT.I.
636,540,000
No. 24 dated October 24,

17, an area of 595 m2,
apa, Kecamatan Kelapa
t Nusa Tenggara, under
mpany amounted to
to SHT.I. No. 374/2001

, 2023, an area of 4,830
n Oesapa, Kecamatan
d East Nusa Tenggara,
mpany amounted to
g to SHT.I. No. 375/2001.

, 2023, an area of 4,800
n Oesapa, Kecamatan
me of the Company
000 according to SHT.I.
ted to Rp 602,410,000

5, 2013, an area of 276
Tikala Ares, Wenang
ulawesi, under the name
263,530,000
7/2001 and amounted to
g to SHT.II. No. 667/2007.
xtended until May 25,

ebruary 16, 2018, an area
t Desa Kali Jaya,
bupaten Bekasi, West
he Company amounted to
g to SHT.I. No.
7,047,380,000
(Continued)
(In Rupiah)
The entire project bills as of June 30, 2013 are secured
on the bank loan of PT Bank BNI (Persero) Tbk is
accounts receivables of Sport Center Building of
an (Note 5).
Total loan to PT Bank BNI (Persero) Tbk as of June 30,
3,673,626,011.
atio at least 1 (one), debt to
equity ratio of a maximum 8 (eight) and debt service
100%. The fulfillment of bank
lending restrictions will be reported by the Company at
the end of the year and will be evaluated by the Bank.
The Company entered into the credit facilities from

Tbk are as follows:
a. Revolving Working Capital Loan I
b. Revolving Working Capital Loan II
c. Revolving Working Capital Loan III
Bank Guarantee (Non Cash Loan)
e. Treasury Line (Sub limit dari NCL)
f. LC/SKBDN (sub limit dari NCL
g. Treasury Line Facilities
These facilities will be due on February 14, 2011 in
the letter number
CBG.CB1/SPPK.088/2012 dated November 8, 2012 and
has been extended with No. CGB.CB1/SPPK.098/2012
letter date on December 6, 2012. The facility will be
matured on November 14, 2013. The Company’s loan is
ounted to 9%.
ured and tied with:

a. Collateral cash/ Time Deposit in PT Bank Mandiri
(Persero) deposits amounted to Rp 8,488,200,000
b. Three lots of land and buildings at Pekanbaru

Branch offices, which have been submitted and tied
Rights amounted to
nk, among others; transfer
the shape of
eral; obtain an investment credit
m third parties for the same
rantor ofthe debt or mortgage
assets that financed the property
s, acquisitions that could impact
igations to creditors and the sale
rights to the property in addition
ctivities; to apply and or
ply to the Court to be declared
t of the debt, sell or transfer in
r all of the assets that have
eral to the lender except in
to production, lend money to
normal business activities in the
Working Capital Loan Facility
000,000 according to the letter
ed April 10, 2013. This facility
, 2014. The Company’s loan is
ounted to 8.5% per annum.
des restriction is not allowed to

without prior written conset
ers: not change the core
any. The Company should
regarding with
(if any). Do not release of
s no adverses changes to the
ition. Maintain the average of
es or indirect ownership of
of Indonesia at least 51% during
monthly progress of projects
litigation, arbitration or other
orm bank for every changes of
ard of directors and the board of
the bank for any failure or
inform of other information
to maintain debt equity ratio

(3) times, debt service coverage ratio
current ratio maximum 1.0 times.
nding restriction will be reported
nd of the year and will be
ects (accounts receivables) as

cured to the bank loan of
ted to Rp 248,241,861,000
T Bank UOB Indonesia as of
to Rp 179,171,948,087.
within
2006
(Continued)
(In Rupiah)
Based on the Deed of Amendment PT Waskita Karya
(Persero) No. 36 dated October 21, 2005 of Imas Fatimah,
SH, the Company determined an increase in the authorized
capital from Rp 240,000,000,000 to Rp 720,000,000,000
720,000 shares and each share has a par
value of Rp 1,000,000. The authorized capital has been
subscribed and paid up capital of 180,000 shares with a
180,000,000,000 by the Government of
Based on the Deeds no 140 dated July 20, 2010, of

Sutjipto, SH, Notary in Jakarta, there are amendments
regarding the changes to the capital of the Company
amounted to Rp 720,000,000,000, divided into 20,186,900
shares, consisting of 186,900 shares of A series Dwiwarna,
each share with a nominal value of Rp 1,000,000, and
20,000,000 shares of B series each shares with a nominal
26,655. From the authorized capital of
Rp 654,992,100 has been placed and taken part by
the Republic of Indonesia about 180,000 shares of A series
180,000,000,000 and Perusahaan
Pengelola Aset amounted to 17,820,000 shares of B series
474,992,100,000. All shares amounted to
654,992,100,000, have been fully paid into
Based on the Deeds no 57 dated October 24, 2012, of

Fathiah Helmi, SH, Notary in Jakarta, there are
amendments regarding changes to the Company of Capital
Rp 2,600,000,000,000, divided into 26,000,000,000 shares,
1 shares of A series Dwiwarna and
25,999,999,999 shares of B series, each share with
a nominal value of Rp 100. Part of the authorized capital
have been subscribed and fully paid is amounted to
with total value
Based on the Deeds no 29 dated January 29, 2013 of

Fathiah Helmi, SH, Notary in Jakarta, there are
amendments regarding to the changes of increasing
the Company’s issued and paid up capital become
9,632,236,000 consisting of 1 share of A series Dwiwarna
and 9,632,235,999 shares of B series, with nominal value
100 or the total value amounted to
28. Additional Paid-in Capital

Represent share premium that come from initial public
offering by the Company net off share issuance cost, were
Number of Shares Issued

Agio per Share
Total Paid in Capital
Less: Share Issuance Costs

(Continued)
(In Rupiah)
Issuance costs have been audited by an Independent
Accountant Soejatna, Mulyana & Partners dated February
5, 2013 with report number: 007/SMR/LAI-VIPO/WK/II/2013
29. Stock Option
Based on the letter from the Minister of State Owned
Company (BUMN) No. S-576/MBU/2012 dated October 23,
2012 related to Approval for Initial Public Offering (IPO),
agreed initial public offering is maximum 30% of paid up
capital after IPO, including Employee Stock Option Plan
aid up capital after IPO.
The Statement of Conset from the Minister of State Owned
Company has been notarized through Notarial deed No 57
dated October 24, 2012 of Fathiah Helmi SH, Notary in
Jakarta and has been registered to get approval from
the Minister of Human Rights and Justice with its decre No.
ed October 24, 2012.
Based on the decision of the Directors of PT Waskita Karya

023/SK/WK/2012 and No.
08/SK/WK/PEN/2013, the Board of Directors decided on
the Stock Purchase Option Granting Program to
Management and Employees (Management & Employee
(Programme) for the management and
employees of the Company. management and employees
are eligible to participate MESOP program consists of:
the Company (not including
Permanent employees Unit / Business Unit (PTU)
MESOP program implementation will be done by issuing

option rights in two (2) phases with the detail are as follows:
The total shares to be issued in phase I is 60% (sixty

percent) of the number of option rights issued in MESOP
program, or amounted to 173,380,0000 shares of B Serie.
The execution price amounted to Rp 438 and will be issued
on January 2013, with the validity period of option are 5
years, starting the distribution date January 21, 2013 until
January 20, 2018. Stock option has vesting veriod for one
year starting January 1, 2013 will be ended on the date
The total shares to be issued in phase II amounted to 40%

(forty percent) of the number of option rights issued in
MESOP program, and will be issued in January 2014.
(In Rupiah)
Dividend
to
RSERO) Tbk
IAL STATEMENTS
(Continued)
December 31, 2012
(In Rupiah)
Letter of Credit(LC)
ank Guarantee facilities from
k, PT Bank Mandiri (Persero)
nd PT Bank BRI (Persero)
3,000,000,000,000,
100,000,000,000, dan
mpany had used the Bank

2.301.300.000.000,
p nil and Rp 145,913,577,788,
tter of Credit and Letter of

om PT Bank BNI Tbk and
Tbk with the total usage
701,845 and USD 296,392
s Facility and
g Capital Loans Facility and

(SCF) were used to pay
Related Parties
Persero) Tbk - KMK
Persero) Tbk - OAF
Third Parties
Deutsch Bank
Total Third Parties
Total
December 31, 2012, the total
were as follows:
Related Parties
Persero) Tbk - KMK
Persero) Tbk - OAF
Third Parties
PT Deutsch Bank
Total Third Parties
Total
RSERO) Tbk
IAL STATEMENTS
(Continued)
December 31, 2012
(In Rupiah)
decision, PT Angkasa
uit against SAE WASKITA
District Court. On February
a District Court issued its
ksel declaring the following:

on of the Defendant I
(PT Waskita Karya).
ure of forming single

not based on law.
of arbitrase dated December
y challenged I is not valid
of South Jakarta District

06/Eks.Arb/2000/PN.Jak Sel dated
2000 has no legal power, so that
implemented.
I and II to adhere this
Company has proposed an

on District Court to the High
he High Court issued its

1/PT. DKI that the injuction
f the South Jakarta District
Pdt.G/2000/PN.Jak.Sel, dated
ch decision, SAE and

t I have filed an appeal to
he copy of decision No. 2773
9, 2004, the Supreme Court
plicant’s appeal of Applicant I

a) and Applicant II
karta High Court’s decision

2001 No. 328/Pdt/2001/
South Jakarta District
22, 2001
ll applicants (Applicant I
s appeal is unacceptable
ant to pay all of legal fee at all

nted to Rp 500.000.
h decision, PT Angkasa
peal for a review (PK) to
hich in its Decision No.

(Continued)
(In Rupiah)
229/PK/Pdt.2005 dated February 23, 2006 that the
contents of the decision refusing an apllication for
asa Interland.
Thereafter, PT Angkasa Interland has filed a lawsuit to

District Court with a claim to suspend the validation of
that single Arbiter decision, Soelistio, SH dated
December 21, 1999. On August 2, 2005, South Jakarta
its decision No.
l declaring the following:
Declare valid and valuable the Provision Decision
Declare the Defendants have committed an
Punish the Defendants to pay compensation to

the plaintiffs jointly and severally with the following
a. Losses on legal effect in the decision of an

unauthorized single arbiter to pay the
Defendant II dan III (SAE and the Company)
61,193,249,342 whereas
formation single Arbitrator was in violation of
b. The compensation that should be paid by

Defendant II and III to plaintiff which has not
paid until now because decision of single
arbitrator made in contravention of the law
amounting to Rp 22,288,859,804.
The interest compensation from the delayed
of payment in accordance to point b above on
schedule, in accordance with the Law of 6%
annum, after the claim registration at the
South Jakarta District Court until paid in full.
d. The immaterial loss due to lost time, energy
and thoughts to take this problem that can not
be valued in money, but appropriate and
reasonable if based on propriety and decency
13 of Act No. 30/1999

applied to the decision of single Arbiter
Soelistio, SH dated December 21, 1999 and
declared that Arbiter Soelistio has violated
Then Defendant II and III has filed a lawsuit against

the District Court’s Decision to High Court of Jakarta
and on August 25, 2006 High Court of Jakarta issued
183/PDT/2006/PT.DKI were as
ntiff’s provision claim.
b. Delay the validation of single Arbiter, Soelistio, SH

dated December 21, 1999 until the decision has
(Continued)
December 31, 2012

(In Rupiah)
2006
300
of
December 31, 2012
(Continued)
(In Rupiah)
(PT Albok Boiler
Industry) through the Attorney has filed Appeal
Memorandum on November 5, 2012 and compa (PAL-
Waskita) has submitted a Contra Appeal on December
4, 2012 through Legal Counsel. Until now, there has not
Appeal Decision on the Jakarta High Court.
On December 4, 2012, compa (KSO PAL-WK) submit

the Memory Counter Appeal by the Legal Counsel
On December 26, 2012, there was relaas notice through

the file. So that 14 days after this relaas, the case file
will be transferred to the Jakarta High Court. There is no
legal basis governing the examination period of appeal
until the appeal decision Granting Petitioner's.
PT Jasuka Bangun Pratama and PT Amarta Karya

(JO) has filed a lawsuit against
(PPK) Patanu System
Development Package Development and the Company
at the East Jakarta District Court Case Registration
Number: 09/Pdt.G/2012/PN. Jak.Tim dated February 12,
PT Jasuka Bangun Pratama and PT Amarta Karya

(JO) as Plaintiff, PPK Patanu System
Development Package as Defendant I and the Company
as the second defendant, the lawsuit that the Defendant
I and II have done Unlawful acts and violate the
principles of fairness, accuracy and prudence, and has
After through a series of auction process, Defendant I

announced Quotation Evaluation/Cost jobs package
stating that Defendant II provides value offer after
correction Rp 65,361,380,000 while Plaintiffs offer value
472,252,000
The Plaintiff didn’t pass the Technical Specifications by

Plaintiff Defendant I for the reason did not pass
the threshold of the total due to the implementation of
the method and spec tek scored less than required. So
who won was the second lowest bidder, in this case is
Lawsuit filed to the defendant II is a material loss of

Rp 10,000 (ten thousand Rupiah) to be paid in cash and
at the same to the Plaintiff after the decisions was read
non-material loss amounting
Rp 31,736,126,000 (thirty one billion seven hundred
28,
including
Remarks
Belum Jatuh
Tempo / Not Due
Tempo
(Addendum) /
Past Due
(Addendum)
Belum Jatuh
Tempo / Not Due
Tempo / Not Due
Tempo
(Addendum) /
Past Due
(Addendum)
Belum Jatuh
Tempo / Not Due
Tempo / Not Due
Belum Jatuh
Tempo / Not Due
Yet
Belum Jatuh
Tempo / Not Due
Belum Jatuh
Tempo / Not Due
Yet
Belum Jatuh
Tempo / Not Due
Belum Jatuh
Tempo / Not Due
Yet
Belum Jatuh
Tempo / Not Due
Liabilities
Floating Interest Rate
Accounts Payable
Short Term Bank Loan
Other Short Term Liabilities
Total Financial Liabilities
Accounts Payable
Short Term Bank Loan
Other Short Term Liabilities
Total Financial Liabilities
of
Total
to

0a2f2064a4 58e52d6dba

Diunggah oleh

Informasi Dokumen

Judul Asli

Hak Cipta

Format Tersedia

Bagikan dokumen Ini

Bagikan atau Tanam Dokumen

Opsi Berbagi

Apakah menurut Anda dokumen ini bermanfaat?

Apakah konten ini tidak pantas?

Hak Cipta:

Format Tersedia

0a2f2064a4 58e52d6dba

Diunggah oleh

Hak Cipta:

Format Tersedia

PT WASKITA KARYA PT WASKITA KARYA

(PERSERO) TBK (PERSERO) TBK

Daftar Isi Halaman /

PT WASKITA KARYA (PERSERO) Tbk

Pendapatan Usaha 2.o, 31

PT WASKITA KARYA (PERSERO) Tbk

PT WASKITA KARYA (PERSERO) Tbk

ARUS KAS DARI AKTIVITAS OPERASI

PT WASKITA KARYA (PERSERO) Tbk

1973, Tambahan Berita Negara Nomor 91.

1.b. Penawaran Umum Efek Perusahaan

PT WASKITA KARYA (PERSERO) Tbk

PT WASKITA KARYA (PERSERO) Tbk

30 Juni 2013 dan

PT WASKITA KARYA (PERSERO) Tbk

Susunan Komite Risiko dan Asuransi Perusahaan pada

tanggal 18 April 2013.

PT WASKITA KARYA (PERSERO) Tbk

2.b. Dasar Penyajian Laporan Keuangan

nilai realisasi bersih

Arab Emirat Dirham

dengan kurs Reuters (Catatan 2.q).

berdasarkan nilai nominal.

rugi yang belum diakui.

PT WASKITA KARYA (PERSERO) Tbk

pinjaman yang diberikan dan piutang.

PT WASKITA KARYA (PERSERO) Tbk

laporan laba rugi komprehensif.

dengan metode biaya.

efektif sebagai instrumen lindung nilai.

flow dan/atau nilai wajar jaminan.

Estimasi nilai wajar

2.g. Piutang Retensi

yang diakui dan termin.

diamortisasi sesuai dengan masa manfaatnya dengan

aset tetap sebagai berikut :

PT WASKITA KARYA (PERSERO) Tbk

2.n. Utang Bruto kepada Subkontraktor

PT WASKITA KARYA (PERSERO) Tbk

lain dari pembeli;

keuangan entitas di Indonesia.

kurs yang berlaku pada tanggal tersebut.

PT WASKITA KARYA (PERSERO) Tbk

PT WASKITA KARYA (PERSERO) Tbk

PT WASKITA KARYA (PERSERO) Tbk

PT WASKITA KARYA (PERSERO) Tbk

Informasi segmen primer Perusahaan disajikan

Nilai wajar yang ditentukan pada tanggal pemberian

2.z. Penggunaan Estimasi

oleh perubahan faktor tersebut.

PT WASKITA KARYA (PERSERO) Tbk

PT WASKITA KARYA (PERSERO) Tbk

Tingkat Suku Bunga Deposito Berjangka

Sertifikat Deposito Berjangka

PT WASKITA KARYA (PERSERO) Tbk

30 Juni 2013/ 31 Desember 2012/

30 Juni 2013/ 31 Desember 2012/

PT WASKITA KARYA (PERSERO) Tbk

Nama Proyek / Project Name

KSO Waskita - Brantas Pandan Duri Thp II

PT WASKITA KARYA (PERSERO) Tbk

5 PT Broadbiz Asia - Proyek Paragon Square

6 PT Sumber Mesin Raya - Proyek The Manhattan