PT Layout Indonesia Tbk FS 31 Dec 2015

ILLUSTRATIVE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
PT Layout Indonesia Tbk and Subsidiaries

PT Layout Indonesia, Tbk and Subsidiaries
Financial Statements
For the year ended 31 December 2015
*

3
Financial statements
This publication has been carefully prepared by BDO Indonesia using an adaptation from “IFRS Illustrative
Financial Statements Year Ended 31 December 2013” issued by BDO International adjusted for Indonesian
Standard of Financial Accounting Standards (“PSAK”) and disclosure requirements of Indonesia Financial
Services Authority (OJK), and the views expressed herein are those of BDO in Indonesia. This publication has
been written in general terms and should be seen as broad guidance only.
This publication helps you to prepare financial statements in accordance with PSAK for an entity that is
publicly-listed, but is not to cater specific disclosure requirements for specialized companies (i.e. finance
companies, banks, other financial institutions or government entities, mining companies), although some part
of this publication may also be applied thereto.
These illustrative consolidated financial statements are aligned to comply with significant disclosure
requirements of Indonesian Financial Services Authority (OJK). It is not, however, intended to represent a
comprehensive guide of all possible disclosures the PSAK require and as such cannot be relied upon to cover all
situations. You should not act, or refrain from acting, upon the information contained therein without
obtaining specific professional advice. Please contact your respective superiors to discuss these matters in the
context of your particular circumstances.
BDO Indonesia, their partners, employees and agents do not accept or assume any liability or duty of care for
any loss arising from any action taken or not taken by anyone in reliance on the information in this publication
or for any decision based on it.
This publication should be read together with the comprehensive standards set forth in PSAK. This publication
should not be taken as a substitute of PSAK or for professional judgment as to the fairness of presentation.
BDO Indonesia, an Indonesian partnership, is a member of BDO International Limited, a UK company limited by
guarantee, and forms part of the international BDO network of independent member firms. BDO is the brand
name for the BDO network and for each of the BDO Member Firms.
www.bdo.co.id

4
Dear Financial Statement Preparers,
DSAK-IAI (“Indonesian Financial Accounting Standard Board”) has released PSAK (“Indonesian
GAAP”) that will be apply for the annual period beginning on or after January 1, 2015. These
version of PSAK already converged with IFRS issued by IASB effectively on January 1, 2013.
BDO Indonesia has released an illustrative financial statement of “PT Layout Indonesia Tbk” for
the year ended December 31, 2015.
These financial statements illustrate the presentation and disclosure requirement of new and
revised PSAK for the year ended 31 December 2015, plus additional requirement for
presentation and disclosure as required by OJK Rules No. VIII/G/7 for an entity listed in
Indonesia Stock Exchange.
These illustrative PSAK financial statements are intended to be used as a source of general
technical reference, as they show suggested disclosures together with the detail paragraph of
PSAK required. They are not intended to address the particular circumstances of any particular
individual or entity. These illustrative financial statement show the changes on the
implementation of the following standard, but not limited to:
 PSAK 1: Penyajian Laporan
Keuangan (“Presentation of
Financial Statements”)
 PSAK 4: Laporan Keuangan
Tersendiri (“Separate
Financial Statements”)
 PSAK 24: Imbalan Kerja
(“Employee Benefit”)
 PSAK 46: Pajak Penghasilan
(“Income Taxes”)
 PSAK 65: Laporan Keuangan
Konsolidasian
(“Consolidated Financial
Statement”)
 PSAK 66: Pengaturan
Bersama (“Joint
Arrangements”)
 PSAK 67: Pengungkapan
Kepentingan Dalam Entitas
Lain (“Disclosure of Interest
in Other Entities”)
 PSAK 68: Pengukuran Nilai
Wajar (“Fair Value
Measurement”)
We hope this publication is useful to help the preparation of your financial statements.
For further details discussion and implementation issues, please contact your BDO’s
engagement team or you can contact our technical team at technicalsupport@bdo.co.id
directly.
WAWAT SUTANTO
Managing Partner
KAP Tanubrata Sutanto Fahmi Dan Rekan
A member of BDO International Limited
September 2015

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*
Please be advised, for purposes of the New Indonesian Auditing Standards [SAs] established by the Indonesian
Institute of Public Accountants [IAPI], the following terms have the following meanings:
Comparative information – The amounts and disclosures included in the financial statements in respect of one
or more prior periods in accordance with the applicable financial reporting framework.
There are 2 [two] types of “comparative information” as follows:
a. Corresponding figures – Comparative information where amounts and other disclosures for the prior
period are included as an integral part of the current period financial statements, and are intended to
be read only in relation to the amounts and other disclosures relating to the current period (referred to
as “current period figures”). The level of detail presented in the corresponding amounts and disclosures
is dictated primarily by its relevance to the current period figures. For corresponding figures, the
independent auditors’ opinion on the financial statements refers to the current period only.
Generally, this type of audit opinion is issued.
b. Comparative financial statements – Comparative information where amounts and other disclosures for
the prior period are included for comparison with the financial statements of the current period but, if
audited, are referred to in the independent auditors’ opinion. The level of information included in those
comparative financial statements is comparable with that of the financial statements of the current
period. For comparative financial statements, the independent auditors’ opinion refers to each
period for which financial statements are presented. Independent auditors generally issue this type of
auditors’ opinion during corporate actions (when there is a requirement to present comparative
financial statements)
If the purpose of comparative information is
CORRESPONDING FIGURES, the headlines of
each section will be as follow:
If the purpose of comparative information is
COMPARATIVE FINANCIAL STATEMENTS, the
headlines of each section will be as follow:
1. PT LAYOUT INDONESIA AND SUBSIDIARIES
CONSOLIDATED FINANCIAL STATEMENTS
AND INDEPENDENT AUDITORS’ REPORT;
CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED 31 DECEMBER 2015 AND
2014 AND INDEPENDENT AUDITORS’ REPORT;
CONSOLIDATED STATEMENT OF FINANCIAL
POSITION
31 DECEMBER 2015
(Expressed in Indonesian Rupiah, unless
otherwise stated);
CONSOLIDATED STATEMENTS OF FINANCIAL
POSITION
AS OF 31 DECEMBER 2015 AND 2014
(Expressed in Indonesian Rupiah, unless otherwise
stated);
CONSOLIDATED STATEMENT OF
COMPREHENSIVE INCOME
otherwise stated);
CONSOLIDATED STATEMENTS OF COMPREHENSIVE
INCOME
2014
(Expressed in Indonesian Rupiah, unless otherwise
stated);
CONSOLIDATED STATEMENT OF CHANGES
IN EQUITY
otherwise stated); and
CONSOLIDATED STATEMENTS OF CHANGES IN
EQUITY FOR THE YEARS ENDED 31 DECEMBER 2015
AND 2014
(Expressed in United States Dollar, unless
otherwise stated); and
CONSOLIDATED STATEMENT OF CASH
FLOWS
otherwise stated)
CONSOLIDATED STATEMENTS OF CASH FLOWS
2014
(Expressed in United States Dollar, unless
otherwise stated)

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New and updated for December 2015 year ends
The 2015 version of PT Layout Indonesia, Tbk and Subsidiaries (“PT Layout”) from the 2014
publication has been updated for the requirements of new standards, interpretations and
amendments effective for the first time for period beginning on or after 1 January 2015.
The Indonesian Statement of Financial Accounting Standards [PSAKs]
PT Layout Indonesia, Tbk and Subsidiaries prepares its financial statements in accordance with the
Indonesian Statement of Financial Accounting Standards [PSAKs] as issued by the Indonesian
Institute of Accountants [IAI].
PT Layout Indonesia, Tbk and Subsidiaries is an existing preparer of PSAK consolidated financial
statements. These consolidated financial statements include the disclosures required by PSAK that
are applicable for financial year beginning on or after 1 January 2015.
Due to the nature of its operations, the consolidated financial statements of PT Layout Indonesia,
Tbk and Subsidiaries do not incorporate disclosures relating to:
- Insurance Contracts (PSAK 62)
- Exploration for an Evaluation of Mineral Resources (PSAK 64)
- Investment Entities (PSAK 65)
- Unconsolidated structured entities (PSAK 67)
- Construction Contracts (PSAK 34)
- Government Grants (PSAK 61)
- Retirement Benefit Plans (PSAK 18)
- Hyperinflation (PSAK 63)
- Agriculture (not yet adopted in PSAK).
In addition, PT Layout Indonesia, Tbk and Subsidiaries does not engage in certain activities
(generally undertaken by financial institutions) that would require specific disclosure under PSAK 60
Financial Instruments: Disclosure, including:
- Transfers of financial instruments
- Offsetting of financial assets and financial liabilities.
The PSAKs used in these illustrative financial statements are taken from book “Standar Akuntansi
Keuangan – Per Efektif 1 Januari 2015” issued by the Indonesian Institute of Accountants.
Please note that additional disclosures may be required in order to comply with local laws and
regulations, national financial reporting standards and/or local stock exchange regulations.

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Financial Statements
General financial statement presentation requirements
PSAK 1 [2013]:10 Composition of a complete set of financial statements.
PSAK 1 [R2013]:
10A
Single or two statement approach for profit or loss and other
comprehensive income.
PSAK 1 [R2013]:49 Clear identification of financial statements from other information.
PSAK 1 [2013]:51
Clear identification of each component of the financial statements, and
various details of the reporting entity.
Entity specific disclosures
PSAK 1 [2013]: 51(a) Name of entity.
PSAK 1 [R2013]: 138 Various details of the reporting entity.

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Consolidated financial statements
Contents
Exhibit
A – A2
Consolidated statement of financial position
Exhibit B
Consolidated statement of comprehensive income (single statement approach,
analysed by function of expense)
Exhibit B2
Consolidated statement of comprehensive income (statement one of the two
statement approach, analysed by nature of expense)
Exhibit B2
Consolidated statement of comprehensive income (statement two of the two
statement approach, analysed by nature of expense)
Exhibit
C –C3
Consolidated statement of changes in equity
Exhibit D Consolidated statement of cash flows
Exhibit E Notes forming part of the consolidated financial statements

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Consolidated Statement of Financial Position
31 December 2015
Consolidated statement of financial position (Assets)
PSAK 1 [R2013]: 38-38A Minimum comparative information required (current and previous
period).
PSAK 1 [R2013]: 55 Present additional line items, headings and sub-totals as required.
PSAK 1 [R2013]: 77-78 Present further sub-classifications as required (or in the notes).
PSAK 1 [R2013]: 113 Notes to be presented in a systematic manner and cross referenced.
PSAK 1 [R2013]: 10(f),
40A-B
Instances when the presentation of a third balance sheet is required.
Specific line item requirements
PSAK 1 [R2013]: 54 Specific line items required in the statement of financial position.
Remarks PSAK 1 [R2013]:57 states that PSAK 1 [2013] does not prescribe the
order or format in which an entity presents items, and that paragraph
54 simply lists items warrant separate presentation.
Therefore, other formats and layouts may be appropriate in under
certain circumstances.
PSAK 1 [R2013]: 56 Deferred tax assets must not be presented as current.
PSAK 1 [R2013]: 60 Presentation of line items on a:
- Current and non-current basis
- Liquidity basis (subject to criteria and additional requirements).
PSAK 1 [R2013]: 61 Disclosure of items expected to be recovered or settled within and after
12 months of reporting date.
PSAK 30 [2013]: 49 Presentation of assets subject to lessor operating leases by their nature
(i.e. Investment property).
PSAK 58 [2009]: 38, 40 Specific line items required for assets held for sale and assets in disposal
groups held for sale.

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Exhibit A
31 December 2015
[Expressed in Billion of Indonesian Rupiah, unless otherwise stated]
Note
31 December
2015
31 December
2014
1 January
2014
As restated
Note 41
As restated
Note 41
Assets
Current assets
Cash and cash equivalents 4 21,765 17,775 6,276
Trade and other receivables 5 16,693 14,452 13,469
Derivative financial assets 6 2,314 1,551 1,241
Available-for-sale investments 7 448 62 50
Inventories 8 21,194 19,425 13,514
62,414 53,265 34,550
Assets in disposal groups classified as held for sale 9 5,316 8,756 -
67,730 62,021 34,550
Non-current assets
Other receivables 5 692 700 896
Derivative financial assets 6 625 666 533
Available-for-sale investments 7 3,125 4,021 2,439
Investments in equity-accounted associates 10 1,790 1,130 530
Investments in equity-accounted joint ventures 11 383 283 264
Investment property 12 2,649 5,838 8,960
Deferred tax assets 13 211 365 2,514
Property, plant and equipment 14 47,501 42,153 52,615
Intangible assets 15 5,917 3,162 2,324
62,893 58,318 71,075
Total assets 130,623 120,339 105,625
See accompanying Notes to Consolidated Financial Statements on Exhibit E which are an integral part of
the Consolidated Financial Statements taken as a whole

11
Consolidated statement of financial position (Liabilities and Equity)
PSAK 1 [R2013]: 38-38A Minimum comparative information required (current and previous period).
PSAK 1 [R2013]: 77-78 Present further sub-classifications as required (or in the notes).
PSAK 1 [R2013]: 10(f),
40A-B
Instances when the presentation of a third balance sheet is required.
PSAK 1 [R2013]: 54 Specific line items required in the statement of financial position.
Remarks PSAK 1 [R2013]: 57 states that PSAK 1 [R2013] does not prescribe the
order or format in which an entity presents items, and that paragraph
54 simply lists items warrant separate presentation.
Therefore, other formats and layouts may be appropriate in under
certain circumstances.
PSAK 1 [R2013]: 56 Deferred tax liabilities must not be presented as current.
PSAK 1 [R2013]: 60 Presentation of line items on a:
- Current and non-current basis
- Liquidity basis (subject to criteria and additional requirements).
Remarks The Group has presented line items based on a current and non-current
basis
PSAK 1 [R2013]: 61 Disclosure of items expected to be recovered or settled within and after
12 months of reporting date.
PSAK 58 [2009]: 35 Specific line items required for assets held for sale.
PSAK 58 [2009]: 38, 40 Specific line items required for liabilities held for sale and liabilities in
disposal groups held for sale.
Remarks The components of equity for the Group may not be relevant in all
jurisdictions.
Examples include, share premium reserve, and capital redemption
reserve.
PSAK 8:17 Details of authorisation of the financial statements.

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Exhibit A/2
31 December 2015 (Continued)
Note
31 December
2015
31 December
2014
1 January
2014
As restated
Note 41
As restated
Note 41
Liabilities
Current liabilities
Trade and other payables 16 14,584 15,571 11,457
Derivative financial liabilities 6 69 48 38
Loans and borrowings 17 15,230 16,076 12,861
Provisions 18 256 375 300
Employee benefit liabilities 19 2,817 1,696 1,357
Income tax payable 2,644 2,342 1,874
35,600 36,108 27,887
Liabilities directly associated with assets in
disposal groups classified as held for sale 9 327 546 -
35,927 36,654 27,887
Non-current liabilities
Derivative financial liabilities 6 43 56 45
Loans and borrowings 17 14,292 10,176 8,141
Employee benefit liabilities 19 8,452 6,785 5,428
Deferred tax liability 13 1,451 1,706 1,365
Provisions 18 1,303 930 744
25,541 19,653 15.723
Total liabilities 61,468 56,307 43,610
NET ASSETS 69,155 64,032 62,015
Issued capital and reserves attributable to
owners of the parent
Share capital 20 7,568 7,428 7,478
Share premium reserve 23,220 22,434 22,434
Shares to be issued 37 2,500 - -
Capital redemption reserve 100 50 -
Treasury and ESOP share reserve (1,066) (1,230) (1,230)
Convertible debt option reserve 503 559 559
Revaluation reserve 892 4,326 5,191
Available-for-sale reserve 1,217 1,516 360
Cash flow hedging reserve 939 1,080 629
Foreign exchange reserve 6,519 4,435 3,411
Retained earnings 23,176 20,327 19,194
65,568 60,925 59,256
Non-controlling interest 3,587 3,107 2,759
TOTAL EQUITY 69,155 64,032 62,015

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Consolidated statement of profit or loss and other comprehensive income
(Single statement approach)
PSAK 1 [R2013]: 38-38A
Minimum comparative information required (current and previous
period).
PSAK 1 [R2013]: 99-100 Presentation of the analysis of expenses (nature or their function).
PSAK 1 [R2013]: 103 Example presentation of analysis of expenses by function.
Remarks Note that the adjacent consolidated statement of profit or loss and
other comprehensive income is presented:
- Using the single statement approach
- Analysed by function of expense.
PSAK 1 [R2013]: 81A Specific sub-totals required for profit or loss, total other comprehensive
income and comprehensive income for the period.
PSAK 1 [R2013]: 82 Specific line items required within profit or loss.
PSAK 1 [R2013]: 82A Specific categorisation required for items within other comprehensive
income.
PSAK 1 [R2013]: 87 Specifically prohibits extraordinary items.
PSAK 1 [R2013]: 90, 91
Specific presentation for items of other comprehensive income (either pre-
tax or post-tax) required.
PSAK 1 [R2013]: 77 Specific presentation required for tax expense.
PSAK 58: 33, 33A,34 Specific presentation required for discontinued operations.
PSAK 10: 52(b) Specific presentation required for net exchange differences recognised in
other comprehensive income.
PSAK 60: 20(a)(ii) Specific disclosures for available-for-sale investments
PSAK 60: 23(c), 23(d) Specific disclosures for cash flow hedges.
Remarks The Group has chosen to make the disclosures required by PSAK
60:20(a)(ii), 23(c), and 23(d) in the consolidated statement of profit or
loss and other comprehensive income.
This analysis could have been given in a note.

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Exhibit B
(Single statement approach, analysed by function of expense)
Note 2015 2014
As restated
Note 41
Revenue 23 175,278 166,517
Cost of sales (138,410) (131,579)
Gross profit 36,868 34,938
Other operating income 24 1,283 1,203
Administrative expenses (9,164) (9,919)
Distribution expenses (9,624) (10,101)
Other expenses (9,380) (7,815)
Profit from operations 9,983 8,306
Finance expense 28 (584) (842)
Finance income 28 825 1,491
Share of post-tax profits of equity accounted associates 660 331
Share of post-tax profits of equity accounted joint ventures 300 600
Profit before tax 11,184 9,886
Tax expense 29 (2,782) (4,209)
Profit from continuing operations 8,402 5,677
Profit/(loss) on discontinued operation, net of tax 30 374 (410)
Profit 8,776 5,267
Other comprehensive income:
Items that will not be reclassified to profit or loss:
Loss on property revaluation 14 (4,460) (1,154)
Remeasurements of defined benefit pension schemes 19 266 157
Share of associates' other comprehensive income - 412
Tax relating to items that will not be reclassified 29 965 147
(3,229) (438)
Items that will or may be reclassified to profit or loss:
Available-for-sale investments (358) 1,542
Cash flow hedges 73 601
Exchange gains arising on translation of foreign operations 2,084 1,024
Tax relating to items that may be reclassified 29 (155) (536)
1,644 2,631
Other comprehensive income for the year, net of tax (1,585) 2,193
Total comprehensive income 7,191 7,460

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(Single statement approach) (Continued)
PSAK 1 [R2013]: 38-38A Minimum comparative information required (current and previous
period).
PSAK 1 [R2013]: 81B Specific presentation required for the split of profit or loss and total
comprehensive income between non-controlling interests and owners of
the parent.
PSAK 56.4. 66
Specific disclosures presentation required for basic and diluted earnings
per share.

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Exhibit B/2
For the year ended 31 December 2015 (Continued)
(Single statement approach, analysed by function of expense)
Note 2015 2014
As restated
Note 41
Profit for the year attributable to:
Owners of the parent 8,296 4,919
Non-controlling interest 480 348
8,776 5,267
Total comprehensive income attributable to:
7,191 7,460
Earnings per share attributable to the
ordinary equity holders of the parent 31
Profit or loss
Basic (full Rupiah) 110.6 66.2
Diluted (full Rupiah) 99.3 63.4
Profit or loss from continuing operations

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Consolidated statement of profit or loss
(Statement one of the two statement approach)
PSAK 1:38-38A Minimum comparative information required (current and previous period).
PSAK 1:85 Present additional line items, headings and sub-totals as required.
PSAK 1:99-100 Presentation of the analysis of expenses (nature or their function).
PSAK 1:102 Example presentation of analysis of expenses by nature.
PSAK 1:113 Notes to be presented in a systematic manner and cross referenced.
Remarks Note that the adjacent consolidated statement of profit or loss and other
comprehensive income is presented:
- Using the two statement approach
- Analysed by nature of expense.
PSAK 1:81A Specific sub-totals required for profit or loss, total other comprehensive
income and comprehensive income for the period.
PSAK 1:82 Specific line items required within profit or loss.
PSAK 1:87 Specifically prohibits extraordinary items.
PSAK 46:77 Specific presentation required for tax expense.
PSAK 58:33,3A,34 Specific presentation required for discontinued operations.
PSAK 1 1:81B Separate presentation required for the split of profit or loss to non-controlling
interest and owners of the parent
PSAK 53.4. 66 Specific presentation required for basic and diluted earnings per share.

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Exhibit B/3
Consolidated statement of profit or loss
(Statement one of the two statement approach, analysed by nature of expense)
Note 2015 2014
As restated
Note 41
Revenue 23 175,278 166,517
Other operating income 24 1,283 1,203
Changes in inventories of finished goods and work in progress ( 4,690)( 3,927)
Raw materials and consumables used ( 106,228)( 97,896)
Employee benefit expenses 26 ( 32,263)( 36,632)
Depreciation and amortisation expense ( (10,962)( 10,775)
Research and development ( 2,541)( 1,547)
Other expenses ( 9,894)( 8,637)
Profit from operations 9,983 8,360
Finance expense 28 ( 584)( 842)
Finance income 28 825 1,491
Share of post-tax profits of equity accounted associates 660 600
Share of post-tax profits of equity accounted joint ventures 300 331
Profit before tax 11,184 9,886
Tax expense 29 ( 2,782)( 4,209)
)
Profit from continuing operations 8,402 5,677
Profit/(loss) on discontinued operation, net of tax 30 374 ( 410)
Profit 8,776 5,267
Profit for the year attributable to:
8,776 5,267
Earnings per share attributable to the
ordinary equity holders of the parent 31
Profit or loss
Profit or loss from continuing operations

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(Statement two of the two statement approach)
PSAK 1:85 Present additional line items, headings and sub-totals as required.
PSAK 1:10A Under the two statement approach, the statement of comprehensive income
must begin with profit or loss.
PSAK 1:82A Specific categorisation required for items within other comprehensive income.
PSAK 1:90, 91 Specific presentation for items of other comprehensive income (either pre-tax
or post-tax) required.
PSAK 21:52(b) Specific presentation for the net exchange differences recognised in other
PSAK 60: 20(a)(ii) Specific disclosures for available-for-sale investments.
PSAK 60: 23(c),
23(d)
Specific disclosures for cash flow hedges.
Remarks The Group has chosen to make the disclosures required by PSAK
60:20(a)(ii), 23(c), and 23(d) in the consolidated statement of
This analysis could have been given in a note
PSAK 1:81B Specific disclosures Separate presentation required for the split of total
comprehensive income between non-controlling interests and owners of the
parent.

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Exhibit B
(Statement two of the two statement approach)
Note 2015 2014
As restated
Note 41
Profit 8,776 5,267
Other comprehensive income:
Items that will not be reclassified to profit or loss:
Loss on property revaluation 14 (4,460) (1,154 )
Remeasurements of defined benefit pension schemes 19 266 157
Share of associates' other comprehensive income - 412
Tax relating to items that will not be reclassified 29 965 147
(3,229) (438 )
Items that will or may be reclassified to profit or loss:
Available-for-sale investments (358) 1,542
Cash flow hedges 73 601
Exchange gains arising on translation of foreign
operations 2,084 1,024
Tax relating to items that may be reclassified 29 (155) (536 )
1,644 2,631
Other comprehensive income for the year, net of tax (1,585) 2,193
Total comprehensive income 7,191 7,460
Total comprehensive income attributable to:
7,191 7,460

21
PSAK 1:106
Specific line items and information required for the components of equity in the
statement of changes in equity.
PSAK 1:106A Analysis of other comprehensive income by component of equity (or in the notes).
PSAK 1:107
Dividends recognised as distributions to owners and the related amount per share (or in
the notes).

22
Exhibit C
Sharecapital
Sharepremium
Sharestobeissued
Capitalredemption
reserve
Treasuryshares/
sharesheldbyESOP
Convertibledebt
optionreserve
Revaluation
reserve
Available-for-sale
reserve
Cashflowhedging
reserve
Foreignexchange
reserve
Retainedearnings
(restated)
Totalattributableto
equityholdersof
parent(restated)
Non-controlling
interest
Totalequity
(restated)
01 January 2015 7,428 22,434 - 50 (1,230) 559 4,326 1,516 1,080 4,435 20,327 60,925 3,107 64,032
Comprehensive Income for the year
Profit - - - - - - - - - - 8,296 8,296 480 8,776
Other comprehensive Income
(Note 34) - - - - - - (3,434) (299) (141) 2,084 205 (1,585) - (1,585)
Total comprehensive Income for
the year - - - - - - (3,434) (299) (141) 2,084 8,501 6,711 480 7,191
Contributions by and distributions
to owners
Dividends - - - - - - - - - - (6,463) (6,463) - (6,463)
Issue of share capital 190 786 - - - - - - - - - 976 - 976
Expiry of share options - - - - - (56) - - - - 56 - - -
Shares to be issued as part of
the consideration in a business
combination - - 2,500 - - - - - - - - 2,500 - 2,500
Share based payment - - - - - - - - - - 878 878 - 878
Issue of shares held by ESOP to
employees
- - - - 164 - - - - - 127 291 - 291
Shares purchased for cancellation (50) - - 50 - - - - - - (250) (250) - (250)
Total contributions by and
distributions to owners 140 786 2,500 50 164 (56) - - - - (5,652) (2,068) - (2,068)
31 December 2015 7,568 23,220 2,500 100 (1,066) 503 892 1,217 939 6,519 23,176 65,568 3,587 69,155
See accompanying Notes to Consolidated Financial Statements on Exhibit E which are an integral part of the Consolidated Financial Statements taken as a whole

23
Consolidated statement of changes in equity (Continued)
PSAK 1:106 Specific line items and information required for components of equity in the statement
of changes in equity.
PSAK 1:106A Analysis of other comprehensive income by component of equity (or in the notes).
PSAK 1:107
Dividends recognised as distributions to owners and the related amount per share (or in
the notes).

24
Exhibit C/2
PT Layout Indonesia and Subsidiaries
Sharecapital
Sharepremium
Sharestobeissued
Capitalredemption
reserve
Treasuryshares/
sharesheldby
ESOP
Convertibledebt
optionreserve
Revaluation
reserve
Available-for-sale
reserve
Cashflowhedging
reserve
Foreignexchange
reserve
Retainedearnings
Totalattributableto
equityholdersof
parent
Non-controlling
interest
Totalequity
Balance as at 1 January 2014 as previously reported 7.478 22.434 - - - 559 5.191 360 629 3.411 19.194 59.256 2.297 61.553
Effect of changes in accounting policies - - - - - - - - - - - - 462 462
Balance as at 1 January 2014 as restated 7.478 22.434 - - - 559 5.191 360 629 3.411 19.194 59.256 2.759 62.015
Comprehensive Income for the year
Profit for the year as previously reported - - - - - - - - - - 4.934 4.934 32 4.966
Effect of changes in accounting policies - - - - - - - - - - (15) (15) 316 301
Profit for the year as restated - - - - - - - - - - 4.919 4.919 348 5.267
Other Comprehensive Income for the year as
previously reported - - - - - - (865) 1.156 451 1.024 412 2.178 - 2.178
Effect of changes in accounting policies - - - - - - - - - - 15 15 - 15
Other Comprehensive Income for the year as
restated - - - - - - (865) 1.156 451 1.024 427 2.193 - 2.193
Total comprehensive Income for the year as per
restated - - - - - - (865) 1.156 451 1.024 5.346 7.112 348 7.460
Contributions by and distributions to owners
Dividends - - - - - - - - - - (4.980) (4.980) - (4.980)
Purchase of treasury shares by ESOP - - - - (1.230) - - - - - - (1.230) - (1.230)
Shares based payment - - - - - - - - - - 1.017 1.017 - 1.017
Shares purchased for cancellation 50) - - 50 - - - - - - (250) (250) - (250)
Total contributions by and distributions to owners (50) - - 50 (1.230) - - - - - (4.213) (5.443) - (5.443)
Balance as at 31 December 2014 as restated 7.428 22.434 - 50 (1.230) 559 4.326 1.516 1.080 4.435 20.327 60.925 3.107 64.032
See accompanying Notes to Consolidated Financial Statements on Exhibit E which are an integral part of the Consolidated Financial Statements taken as a whole

25
Consolidated statement of cash flows (Operating activities)
PSAK 7:10
Cash flows are to be classified as either operating, investing, or financing
activities.
PSAK 7:18 Report operating cash flows either using:
- Direct method
- Indirect method.
OJK
VIII.G.7. page 39 A listed entity is required to present its cash flows statements using the
direct method.
Remarks The Group prepares its statement of cash flows using the direct method.
PSAK 2:21, 22 Criteria when cash flows are to be presented gross or net.
PSAK 2:14 Examples of operating activity cash flows.
PSAK 2:31 Present cash flows from interest and dividends as either operating, investing
or financing activities (must be consistent year-on-year).
PSAK 2:35 Present cash flows from taxes on income as operating activities (unless they
can be separately identified with financing and investing activities).

26
Exhibit D
Consolidated statement of cash flows
Note 2015 2014
Cash flows from operating activities
Cash receipt from customers 184,750 171,300
Cash paid to suppliers ( 131,222)( ( 125,224)
Cash paid to employees ( 30,270)( ( 28,110)
Cash generated from operations 23,258 17,966
Transaction costs relating to acquisition of subsidiary ( 185)( ( 110)
Interest paid from loans and borrowings ( 1,255)( ( 1,040)
Corporate income tax paid ( 1,658)( ( 1,367)
Others 3,079 ( 6,292)
Net cash flows from operating activities 23,239 9,157
See accompanying Notes to Consolidated Financial Statements on Exhibit E which are an
integral part of the Consolidated Financial Statements taken as a whole

27
Consolidated statement of cash flows (Investing and Financing activities)
PSAK 2:10 Cash flows are to be classified as either operating, investing, or financing.
PSAK 2:21, 22 Cash flows are to be presented gross, unless they meet the criteria to be
presented net.
PSAK 2:16 Examples of investing activity cash flows.
PSAK 2:17 Examples of financing activity cash flows.
PSAK 2:31 Present cash flows from interest and dividends as either operating, investing
or financing activities (must be consistent year-on-year).
PSAK 2:39 Aggregate cash flows from obtaining or losing control of subsidiaries or other
businesses are classified as investing activities.
PSAK 2:42A Cash flows from transactions relating to changes in ownership that do not
result in a loss of control are classified as financing activities.
PSAK 2.28 Present the effect of unrealised foreign exchange gains or losses on cash
balances.
PSAK 2:45 Reconciliation (or reference to a reconciliation) of the cash balances
presented in the statement of cash flows and the statement of financial
position.

28
Exhibit D/2
Consolidated statement of cash flows
Note 31 December
2015
31 December
2014
Net cash flows from operating activities brought forward 23,239 9,157
Investing activities
Acquisition of subsidiary, net of cash acquired 37 ( 3,185) ( 1,524)
Purchases of property, plant and equipment ( 17,886) ( 4,950)
Sale of property, plant and equipment 400 80
Disposal of discontinued operation, net of cash
disposed of 30 6,300 700
Purchase of intangibles 15 ( 650 ) ( 895)
Purchases of available-for-sale financial assets 7 ( 148 ) ( 52)
Sales of available for sale financial assets 7 400 -
Interest received 244 272
Dividends from associates 284 43
Net cash used in investing activities ( 14,241) ( 6,326)
Financing activities
Issue of ordinary shares 976 -
Purchase of ordinary shares for cancellation ( 250 ) ( 250)
Purchase of treasury and ESOP shares - ( 1,230)
Issue of convertible debt - 8,500
Proceeds from bank borrowings 10,800 9,400
Repayment of bank borrowings ( 8,210) ( 2,537)
Payments to finance lease creditors ( 810 ) ( 537)
Interest paid on convertible loan notes ( 450 ) ( 450)
Dividends paid on shares classified as liabilities 28 ( 9 ) ( 8)
Dividends paid to the holders of the parent 32 ( 6,463) ( 4,980)
Net cash (used in)/from financing activities ( 4,416) 7,908
Net increase in cash and cash equivalents 4,582 10,739
Cash and cash equivalents at beginning of year 17,775 6,276
Exchange (losses)/gains on cash and cash equivalents ( 592 ) 760
Cash and cash equivalents at end of year 4 21,765 17,775
See accompanying Notes to Consolidated Financial Statements on page [X] to [Y] which are an integral part of the
Consolidated Financial Statements taken as a whole

29
Notes to the consolidated financial statements
General requirement for the Notes to the consolidated financial statements
PSAK 1:112 The Notes to the consolidated financial statements include the following
information:
- Basis of preparation
- Specific accounting policies
- Information required by SAK that is not presented elsewhere
- Information that is not presented elsewhere in the financial
statements, but is relevant to an understanding the financial
statements.
PSAK 1:113 Notes are required to be presented in a systematic manner and cross
referenced.

30
PT Layout Indonesia Tbk and Subsidiaries
Notes forming part of the consolidated financial statements
1. General Information.................................................................................... 32
2. Summary of Significant Accounting Policies ...................................................... 34
3. Significant Accounting Judgments, Estimates and Assumptions ............................. 58
4. Cash and cash equivalents ............................................................................ 62
5. Trade and other receivables ......................................................................... 63
6. Derivative financial instruments .................................................................... 66
7. Available-for-sale investments....................................................................... 69
8. Inventories ............................................................................................... 71
9. Assets and liabilities classified as held for sale .................................................. 72
10. Investment in associates .............................................................................. 75
11. Joint ventures ........................................................................................... 77
12. Investment Property ................................................................................... 79
13. Deferred tax.............................................................................................. 81
14. Property, Plant and Equipment...................................................................... 84
15. Intangible assets......................................................................................... 89
16. Trade and other payables............................................................................. 91
17. Loans and borrowings.................................................................................. 91
18. Provision .................................................................................................. 95
19. Employee Benefits ...................................................................................... 98
20. Share capital ............................................................................................103
21. Reserves..................................................................................................104
22. Analysis of amounts recognised in other comprehensive income ..........................106
23. Revenue..................................................................................................107
24. Other operating income ..............................................................................108
25. Expense by nature.....................................................................................109
26. Employee benefit expense...........................................................................110
27. Segment information..................................................................................111
28. Finance income and expenses ......................................................................118
29. Tax expense.............................................................................................120
30. Discontinued operations..............................................................................123
31. Earning per share ......................................................................................126
32. Dividends ................................................................................................127
33. Goodwill and impairment ............................................................................128
34. Non-Controlling Interest..............................................................................132
35. Leases ....................................................................................................134
36. Share-based payment .................................................................................137
37. Business combination .................................................................................140
38. Related party transactions...........................................................................147
39. Contingent liabilities ..................................................................................149
40. Events after reporting period .......................................................................149
41. Impact of changes in accounting policies.........................................................150
42. Financial instruments - Risk Management........................................................155
43. Capital Management Disclosures....................................................................169
44. Significant Non-Cash Transactions .................................................................170
45. Authorization of Financial Statements............................................................170
Appendix A – PSAK 68 Fair Value measurement disclosures ...........................................171

Exhibit E
31
Note 1 Basis of preparation
General
PSAK 1:112(a) Information about the basis of preparation.
PSAK 1:51(b) Whether the financial statements are consolidated or separate.
PSAK 1:51(d) Disclosure of the presentation currency.
Remarks PSAK 10 paragraphs 53 -57 detail the disclosure requirements when:
- the entity’s presentation currency is different from its functional
currency
- there is a change in the entity’s functional currency.
PSAK 1:51(e) Disclosure of the level of rounding.
PSAK 1:16 Statement of compliance with SAK (or otherwise).
PSAK 1:117(a) Information on the measurement basis.
PSAK 1:117(b) Disclose accounting policies that are relevant to understanding the financial
statements (i.e. those for material items).
Remarks Some PSAKs require the disclosure of accounting policies for specific items.
These are included in this publication where appropriate.
All other accounting policies have been made in accordance with the general
requirement of PSAK 1:117(b), and with reference to the specific recognition
and measurement requirements of the applicable PSAK(s).

Exhibit E
32
1. General Information
PT Layout Indonesia, Tbk (the “Company”) was established in the Republic of Indonesia under the
framework of the [please insert framework], based on Notarial deed No. [please insert no.] dated
[please insert date] of Notary Public, S.H. The Company is domiciled in [please insert address].
The Company started its commercial operations in 1991.
The scope of activities of the Company consists of [please insert activities]. The Company is
currently engaged in [please insert current activities].
The immediate holding company is [name of company] and the ultimate holding company is [name
of company].
As of 31 December 2015 and 2014, the members of the Company’s Boards of Commissioner and
Directors are as follows:
General Information
PSAK 1:
138(a)-(c)
Disclose:
- the domicile and legal form of the entity, its country of incorporation and
the address of its registered office (or principal place of business, if
different from the registered office);
- a description of the nature of the entity’s operations and its principal
activities;
- the name of the parent and the ultimate parent of the group.
VIII.G.7:
P 143 - 145
A listed entity or public company shall disclose:
- The company establishment: brief history, deed of establishment, activities
and location, date of commencing commercial operation, and ultimate
parent of the group ;
- Securities offering: issuing date, types and amounts, the bourse used for
listing, corporate actions from initial offering until the current period;
- Group structure: subsidiaries or unstructured entities under the parent’s
control or jointly control; domiciles, activities, year of commercial
operation, ownership, and total assets;
- Employees, directors, commissioners and audit committee; and
- Authorisation date and the responsible party.
Commissioner : [please insert (complete) name]
President Director : [please insert (complete) name]
Directors : [please insert (complete) name]

Exhibit E
33
1. General Information (Continued)
Group Structure
Subsidiaries
PSAK 67:9(a)-(c) Disclose significant judgements and assumptions made in instances where the entity
determines that:
- Control does not exist, even though more than half of the voting rights are held
- Control exists even though less than half of the voting rights are held
- Whether it is an agent or a principal.
PSAK 67:10(a) Disclose:
- The composition of the group
- Extent of non-controlling interests.
PSAK 67:12(a)-(d) For each subsidiaries with material non-controlling interests (NCI), disclose:
- Subsidiary name
- Principal place of business, and country of incorporation if different
- NCI proportion of ownership, and voting rights if different.
Remarks
PSAK 67:10(b)
PSAK 67:11
Other disclosures that may be applicable that do’nt apply to PT Layout Indonesia include:
- Nature and extent of any restrictions on subsidiary assets and liabilities
- Nature of any changes in risks with the interests held in consolidated structured
entities
- Consequences of changes in holdings that do not result in a loss of control
- Consequences of losing control during the period
- Disclosures if the subsidiary’s reporting date differs from the parent’s.
Name
Country of
incorporation
and principal
place of
business
Commencement
of Commercial
Operation
Proportion of
ownership
interest at
31 December
Total asses
before elimination
2015 2014 2015 2014
TOYS
PT Layout Bersama Indonesia 1995 100% 100% 10,066 6,618
PT Layout Terbatas Indonesia 1997 100% 100% 10,068 6,620
A Layout (USA) Inc USA 1990 100% 100% 10,064 6,616
A Layout Pty Limited Australia 1985 100% 100% 10,066 6,618
Game Consultants Inc Canada 2000 75% 75% 10,062 6,614
PT Model Partners Indonesia 2008 (1)
43% (1)
43% 10,064 6,616
Spielzeug GmbH Germany 1998 (2)
90% (2)
90% 10,060 6,612
Jouet Sarl France 1989 100% 100% 10,062 6,614
BOARD GAME
PT Pony Games Indonesia 1987 100% 100% 8,185 7,147
Bob's Toys LLC USA 2003 100% 100% 8,181 7,143
Zebra Games Limited Japan 1979 100% 100% 8,183 7,145
OUTDOOR GAME
PT Taco Bingo Indonesia 1999 (3)
47% (3)
47% 2,849 5,254
PT Playground Plastics Indonesia 2006 100% 100% 2,842 5,247
OTHERS
PT Klimt Indonesia 1982 - 100% 2,696 10,671
Colour Sarl France 1980 100% - 2,705 10,680

Exhibit E
34
1. General Information (Continued)
(1)
Options exercisable at 31 December 2015 over the shares of PT Model Partners would result in the Group's
interest increasing to 68%. These options are not deeply out of money and are considered substantive.
Consequently, the Group considers it has the power to control this company and it has, therefore, been
consolidated.
(2)
The minority shareholders in Spielzeug GmbH own a particular class of equity capital that do not carry any
right to vote on any matters other than those concerning the rights attached to this class of equity.
Consequently, the voting power held by PT Layout Indonesia is 100%. The Group's proportion of voting rights
in all other subsidiaries is the same as its ownership interest.
(3)
The adoption of PSAK 65 has resulted in the consolidation of PT Taco Bingo despite the group owning less than
50% of voting rights. The Company holds 47% of voting rights in PT Taco Bingo, with the remaining 53% of
voting rights being held by numerous unrelated individual shareholders, each with less than 1% holding. This
is due to the group having the practical ability to unilaterally direct the relevant activities of Taco Bingo.
Judgement
De-facto control exists when the size of an entity’s own voting rights relative to the size and dispersion of other
vote holders, give the entity the practical ability unilaterally to direct the relevant activities of the company.
2. Summary of Significant Accounting Policies
a. Basis of Preparation
The principal accounting policies adopted in the preparation of the consolidated financial
statements are set out in Note 2. The policies have been consistently applied to all the years
presented, unless otherwise stated.
The consolidated financial statements are presented in Indonesian Rupiah [IDR], which is also the
Group’s functional currency.
Amounts are rounded to the nearest million, unless otherwise stated.
These financial statements have been prepared in accordance with the Indonesian Statement of
Financial Accounting Standards (collectively PSAK).
The preparation of financial statements in compliance with PSAK requires the use of certain
critical accounting estimates. It also requires Group management to exercise judgment in
applying the Group's accounting policies. The areas where significant judgments and estimates
have been made in preparing the financial statements and their effect are disclosed in Note 3.
Note 1 Basis of preparation
New standards, interpretations and amendments effective
PSAK 25:28 The effect of the initial application of an PSAK on the entity’s accounting policies.
b. Basis of measurement
The consolidated financial statements have been prepared on a historical cost basis, except for
the following items (refer to individual accounting policies for details):
- Financial instruments – fair value through profit or loss
- Financial instruments – available for sale
- Contingent consideration
- Investment property
- Revalued property, plant and equipment
- Net defined benefit liability
- Cash settled share-based payment liabilities.

Exhibit E
35
2. Summary of Significant Accounting Policies (Continued)
b. Basis of measurement (Continued)
Changes in accounting policies
a) New standards, interpretations and amendments effective from 1 January 2015
A number of new standards, interpretations and amendments effective for the first time for
periods beginning on (or after) 1 January 2015, have been adopted in these financial statements.
The nature and effect of each new standard, interpretation and amendment adopted by the group
is detailed below. Note: not all new standards and interpretations effective for the first time for
periods beginning on (or after) 1 January 2015 effect the group’s annual consolidated financial
statements.
 PSAK 1 (Revised 2013) “Presentation of Financial Statements”
 PSAK 4 (Revised 2013), “Separate Financial Statements”
 PSAK 15 (Revised 2013), “Investment in Associates and Joint Ventures”
 PSAK 24 (Revised 2013), “Employee Benefits”
 PSAK 46 (Revised 2014), “Income Tax”
 PSAK 48 (Revised 2014), “Impairment of Assets”
 PSAK 50 (Revised 2014), “Financial Instrument: Presentation”
 PSAK 55 (Revised 2014), “Financial Instrument: Recognition and Measurements”
 PSAK 60 (Revised 2014), “Financial Instrument: Disclosures”
 PSAK 65, “Consolidated Financial Statements”
 PSAK 66, “Joint Arrangements”
 PSAK 67, “Disclosure of Interests in other Entities”
 PSAK 68, “Fair Value Measurements”
 ISAK 26 (Revised 2014), “Reassessment of Embedded Derivatives”
There are no new standards, interpretations and amendments issued and effective for the
financial year beginning 1 January 2016.
Postponement
Financial Accounting Standards Board of The Indonesian Institute of Accountants decided to
postpone the effectiveness of ISAK 21 ‘Real Estate Construction Agreement’ and WPSAK 7
‘Withdrawal of PSAK 44 – Accounting for Real Estate Development Activities paragraph 08 (b)’,
which was previously effective for the period beginning at and or after 1 January 2013. As of the
date of these consolidated financial statements, the postponement is still in effect.
PSAK 1 (Revised 2013) - Presentation of Items of Other Comprehensive Income –
Amendments to PSAK 1
The amendment requires that items of other comprehensive income must be grouped together
into two sections:
- Those that will or may be reclassified into profit or loss
- Those that will not.
As the amendment only affects presentation, there is no effect on the Group’s financial position
or performance.

Exhibit E
36
Changes in accounting policies (Continued)
a) New standards, interpretations and amendments effective from 1 January 2015 (Continued)
PSAK 65 Consolidated Financial Statements
PSAK 65 supersedes PSAK 4 Consolidated and Separate Financial Statements and ISAK 7
Consolidation – Special Purpose Entities, and introduces a single ‘control model’ for all entities,
including special purpose entities (SPEs), whereby control exists when all of the following
conditions are present:
- Power over investee
- Exposure, or rights, to variable returns from investee
- Ability to use power over investee to affect the entity’s returns from investee.
Other changes introduced by PSAK 65 include:
- The introduction the concept of ‘de facto’ control for entities with less than a 50% ownership
interest in an entity, but which have a large shareholding compared to other shareholders
- Potential voting rights are only considered when determining if there is control when they are
substantive (holder has practical ability to exercise) and the rights are exercisable when
decisions about the investees activities that affect the investors return will or can be made
- Specific guidance for the concept of ‘silos’, where groups of assets (and liabilities) within one
entity are ring-fenced, and each group is considered separately for consolidation.
The adoption of PSAK 65 has resulted in the consolidation of the Company’s 49% voting interest in
PT Taco Bingo, the effect of which is set out in Note 41.
PSAK 66 Joint Arrangements
PSAK 66 supersedes PSAK 12 (Revised 2009) Interests in Joint Ventures and ISAK 12 Jointly-
controlled Entities Non-monetary Contributions by Venturers, and requires joint arrangements to
be classified as either:
- Joint operations - where parties with joint control have rights to assets and obligations for
liabilities, or
- Joint ventures - where parties with joint control have rights to the net assets of the investee.
Joint arrangements that are structured through a separate vehicle will generally be treated as
joint ventures, unless the terms of the contractual arrangement, or other facts and circumstances
indicate that the parties have rights to assets and obligations for liabilities of the arrangement,
rather than rights to net assets.
Joint ventures are accounted for using the equity method (proportionate consolidation is not
permitted by PSAK 66).
Parties to a joint operation account for their share of assets, liabilities, revenues and expenses in
accordance with their contractual rights and obligations.

Exhibit E
37
PSAK 66 Joint Arrangements (Continued)
The adoption of PSAK 66 had no effect on the Group’s joint arrangements as:
(a) The new definition of joint control has not resulted in a change in the recognition and non-
recognition of the Group’s arrangements with other parties
(b) The Group’s joint arrangements previously classified as jointly controlled entities under PSAK
12:
- Have not been reclassified as joint operations under PSAK 66
- were previously accounted for using the equity method (rather than proportionate
consolidation).
PSAK 67 Disclosure of Interests in Other Entities
PSAK 67 sets out the disclosure requirements relating to an entity’s interests in subsidiaries, joint
arrangements, associates and structured entities. The standard requires a reporting entity to
disclose information that helps users to assess the nature and financial effects of the reporting
entity’s relationship with other entities.
As the new standard affects only disclosure, there is no effect on the Group’s financial position or
performance.
PSAK 68 Fair Value Measurement
PSAK 68 sets out the framework for determining the measurement of fair value and the disclosure
of information relating to fair value measurement, when fair value measurements and/or
disclosures are required or permitted by other PSAKs.
As a result, the guidance and requirements relating to fair value measurement that were
previously located in other PSAKs have now been relocated to PSAK 68.
While there has been some rewording of the previous guidance, there are few changes to the
previous fair value measurement requirements. Instead, PSAK 68 is intended to clarify the
measurement objective, harmonise the disclosure requirements, and improve consistency in
application of fair value measurement.
PSAK 68 did not materially affect any fair value measurements of the Group’s assets or liabilities,
with changes being limited to presentation and disclosure, and therefore has no effect on the
Group’s financial position or performance.
In addition, PSAK 68 is to be applied prospectively and therefore comparative disclosures have not
been presented.
See note 3 Critical accounting estimates and judgements for more details and further references
related to fair value measurement.

Exhibit E
38
PSAK 24 (Revised 2013) Employee Benefits
The main changes as a consequence of the revision of PSAK 24 include:
- Elimination of the ‘corridor’ approach for deferring gains/losses for defined benefit plans
- Actuarial gains/losses on remeasuring the defined benefit plan obligation/asset to be recognised in
other comprehensive income rather than in profit or loss, and cannot be reclassified in subsequent
periods
- Immediately recognised all past service cost in profit or loss
- Amendments to the timing of recognition for liabilities for termination benefits
- Employee benefits expected to be settled (as opposed to ‘due to be settled’) wholly within 12
months after the end of the reporting period are short-term benefits, and are not discounted
- Net interest expense/income to be calculated as the product of the net defined benefit liability
asset and the discount rate as determined at the beginning of the year. The effect of this is to
remove the previous concept of recognising an expected return on plan assets.
The effect of the revision in relation to the Group’s defined benefit schemes is detailed in note 19 and
41.
The Group has no material amounts of other employee benefits expected to be settled beyond 12
months.
None of the other new standards, interpretations and amendments, which are effective for beginning
after 1 January 2015 and which have not been adopted early, are expected to have a material effect on
the Group's future financial statements.
New standards, interpretations and amendments not yet effective
PSAK 25: 30 Disclosure requirements for new standards, interpretations and amendments not yet
effective (i.e. that fact, information relevant to assessing the possible impact of
subsequent application).
Remarks Please note that the disclosures required by PSAK 25: 30, is not required for these
illustrative financial statements since at the time they prepared there were no new
standards subsequently will be effective. However, it’s highly possible at the date when
the financial statements are authorised to release, there are new standards,
interpretations and amendment not yet effective.
Remarks The following new standards, amendments and interpretations are also effective for the
first time in these financial statements. However, none have a material effect on the group
and so have not been included in the illustrative disclosures on the adjacent page:
- PSAK 1 (Revised 2014) Presentation of Financial Statements – (Improvements to
PSAK 1(2009 – 2013))
- PSAK 4 (Revised 2013) Separate Financial Statements (Amendments)
- PSAK 15 (Revised 2013) Investments in Associates and Joint Ventures
(Amendments)
- PSAK 48 (revised 2013) Impairment of Assets
- PSAK 50 (Revised 2014) Financial Instruments: Presentation
- PSAK 55 (Revised 2014) Financial Instruments: Recognition and Measurement
- PSAK 60 (Revised 2014) Financial Instruments: Disclosures (Amendments -
Offsetting Financial Assets and Financial Liabilities)
- ISAK 26 (Revised 2014) Reassessment of Embedded Derivatives

Exhibit E
39
c. Revenue
Revenue from the sales of goods is recognised when the Group has transferred the significant risks
and rewards of ownership to the buyer and it is probable that the Group will receive the
previously agreed upon payment. These criteria are considered to be met when the goods are
delivered to the buyer. Where the buyer has a right of return, the Group defers recognition of
revenue until the right to return has lapsed. However, where high volumes of sales are made to
established wholesale customers, revenue is recognised in the period where the goods are
delivered less an appropriate provision for returns based on past experience. The same policy
applies to warranties.
Provided the amount of revenue can be measured reliably and it is probable that the Group will
receive any consideration, revenue for services is recognised in the period in which they are
rendered.
d. Basis of consolidation
Where the company has control over an investee, it is classified as a subsidiary. The company
controls an investee if all three of the following elements are present: power over the investee,
exposure to variable returns from the investee, and the ability of the investor to use its power to
affect those variable returns. Control is reassessed whenever facts and circumstances indicate
that there may be a change in any of these elements of control.
Accounting policies
General
Revenue
PSAK 25:35(a) Disclose the accounting policies adopted for the recognition of revenue.
Remarks Like all of the accounting policies set out in these illustrative financial
statements, the revenue policy needs to be tailored to the particular
circumstances of the entity concerned, focussing particularly on the more
judgemental aspects of revenue recognition.
The length of the policy may vary considerably depending on the number
and complexity of activities the group is engaged in.
An accounting policy should be included for each significant source of
revenue.

Exhibit E
40
d. Basis of consolidation (Continued)
De-facto control exists in situations where the company has the practical ability to direct the
relevant activities of the investee without holding the majority of the voting rights. In
determining whether de-facto control exists the company considers all relevant facts and
circumstances, including:
- The size of the company’s voting rights relative to both the size and dispersion of other
parties who hold voting rights;
- Substantive potential voting rights held by the company and by other parties;
- Other contractual arrangements;
- Historic patterns in voting attendance.
The consolidated financial statements present the results of the company and its subsidiaries
("the Group") as if they formed a single entity. Intercompany transactions and balances between
group companies are therefore eliminated in full.
The consolidated financial statements incorporate the results of business combinations using the
acquisition method. In the statement of financial position, the acquiree's identifiable assets,
liabilities and contingent liabilities are initially recognised at their fair values at the acquisition
date. The results of acquired operations are included in the consolidated statement of
comprehensive income from the date on which control is obtained. They are deconsolidated from
the date on which control ceases.
e. Non-controlling interests
For business combinations completed prior to 1 January 2011, the Group initially recognised any
non-controlling interest in the acquiree at the non-controlling interest's proportionate share of
the acquiree's net assets. For business combinations completed on or after 1 January 2011 the
Group has the choice, on a transaction by transaction basis, to initially recognise any non-
controlling interest in the acquiree which is a present ownership interest and entitles its holders
to a proportionate share of the entity's net assets in the event of liquidation at either acquisition
date fair value or, at the present ownership instruments' proportionate share in the recognised
amounts of the acquiree's identifiable net assets. Other components of non-controlling interest
such as outstanding share options are generally measured at fair value. The group has not elected
to take the option to use fair value in acquisitions completed to date.
From 1 January 2011, the total comprehensive income of non-wholly owned subsidiaries is
attributed to owners of the parent and to the non-controlling interests in proportion to their
relative ownership interests. Before this date, unfunded losses in such subsidiaries were
attributed entirely to the group. In accordance with the transitional requirements of PSAK 4
(Revised 2009): Consolidated and Separate Financial Statements, the carrying value of non-
controlling interests at the effective date of the amendment has not been restated.
Accounting policies
General

Exhibit E
41
f. Goodwill
Goodwill represents the excess of the cost of a business combination over, in the case of business
combinations completed prior to 1 January 2011, the Group's interest in the fair value of
identifiable assets, liabilities and contingent liabilities acquired and, in the case of business
combinations completed on or after 1 January 2010, the total acquisition date fair value of the
identifiable assets, liabilities and contingent liabilities acquired.
For business combinations completed prior to 1 January 2011, cost comprised the fair value of
assets given, liabilities assumed and equity instruments issued, plus any direct costs of
acquisition. Changes in the estimated value of contingent consideration arising on business
combinations completed by this date were treated as an adjustment to cost and, in consequence,
resulted in a change in the carrying value of goodwill.
For business combinations completed on or after 1 January 2011, cost comprises the fair value of
assets given, liabilities assumed and equity instruments issued, plus the amount of any non-
controlling interests in the acquiree plus, if the business combination is achieved in stages, the
fair value of the existing equity interest in the acquiree. Contingent consideration is included in
cost at its acquisition date fair value and, in the case of contingent consideration classified as a
financial liability, remeasured subsequently through profit or loss. For business combinations
completed on or after 1 January 2011, direct costs of acquisition are recognised immediately as
an expense.
Goodwill is capitalised as an intangible asset with any impairment in carrying value being charged
to the consolidated statement of comprehensive income. Where the fair value of identifiable
assets, liabilities and contingent liabilities exceed the fair value of consideration paid, the excess
is credited in full to the consolidated statement of comprehensive income on the acquisition date.
I
m
p
a
g. Impairment of non-financial assets (excluding inventories, investment properties and
deferred tax assets)
Impairment tests on goodwill and other intangible assets with indefinite useful economic lives are
undertaken annually at the financial year end. Other non-financial assets are subject to
impairment tests whenever events or changes in circumstances indicate that their carrying
amount may not be recoverable. Where the carrying value of an asset exceeds its recoverable
amount (i.e. the higher of value in use and fair value less costs to sell), the asset is written down
accordingly.
Accounting policies
General
PSAK 1:122 Disclose significant judgements management has made in applying the entity’s
accounting policies.

Exhibit E
42
g. Impairment of non-financial assets (excluding inventories, investment properties and
deferred tax assets) (Continued)
Where it is not possible to estimate the recoverable amount of an individual asset, the
impairment test is carried out on the smallest group of assets to which it belongs for which there
are separately identifiable cash flows; its cash generating units ('CGUs'). Goodwill is allocated on
initial recognition to each of the Group's CGUs that are expected to benefit from a business
combination that gives rise to the goodwill.
Impairment charges are included in profit or loss, except to the extent they reverse gains
previously recognised in other comprehensive income. An impairment loss recognised for goodwill
is not reversed.
h. Associates
Where the Group has the power to participate in (but not control) the financial and operating
policy decisions of another entity, it is classified as an associate. Associates are initially
recognised in the consolidated statement of financial position at cost. Subsequently associates are
accounted for using the equity method, where the Group's share of post-acquisition profits and
losses and other comprehensive income is recognised in the consolidated statement of profit and
loss and other comprehensive income (except for losses in excess of the Group's investment in the
associate unless there is an obligation to make good those losses).
Profits and losses arising on transactions between the Group and its associates are recognised only
to the extent of unrelated investors' interests in the associate. The investor's share in the
associate's profits and losses resulting from these transactions is eliminated against the carrying
value of the associate.
Any premium paid for an associate above the fair value of the Group's share of the identifiable
assets, liabilities and contingent liabilities acquired is capitalised and included in the carrying
amount of the associate. Where there is objective evidence that the investment in an associate
has been impaired the carrying amount of the investment is tested for impairment in the same
way as other non-financial assets.
Judgement
Where the Group holds less than 20% of voting rights in an investment but the Group has the
power to exercise significant influence, such an investment is treated as an associate. More
information is disclosed in note 10. In the opposite situation where the Group holds over 20% of
voting rights (but not over 50%) and the Group does not exercise significant influence, the
investment is treated as an available-for-sale investment. Details are given in Note 7.
Accounting policies
General
PSAK 1: 117(b) Disclose accounting policies that are relevant to understanding the financial
PSAK 1:122 Disclose significant judgements management has made in applying the entity’s
accounting policies.

Exhibit E
43
i. Joint arrangements
The group is a party to a joint arrangement when there is a contractual arrangement that confers joint
control over the relevant activities of the arrangement to the group and at least one other party. Joint
control is assessed under the same principles as control over subsidiaries.
The group classifies its interests in joint arrangements as either:
- Joint ventures: where the group has rights to only the net assets of the joint arrangement
- Joint operations: where the group has both the rights to assets and obligations for the liabilities of
the joint arrangement.
In assessing the classification of interests in joint arrangements, the Group considers:
- The structure of the joint arrangement
- The legal form of joint arrangements structured through a separate vehicle
- The contractual terms of the joint arrangement agreement
- Any other facts and circumstances (including any other contractual arrangements).
The Group accounts for its interests in joint ventures in the same manner as investments in Associates
(i.e. using the equity method – refer above).
Any premium paid for an investment in a joint venture above the fair value of the Group's share of the
identifiable assets, liabilities and contingent liabilities acquired is capitalised and included in the
carrying amount of the investment in joint venture. Where there is objective evidence that the
investment in a joint venture has been impaired the carrying amount of the investment is tested for
impairment in the same way as other non-financial assets.
The Group accounts for its interests joint operations by recognising its share of assets, liabilities,
revenues and expenses in accordance with its contractually conferred rights and obligations.
Judgment
For all joint arrangements structured in separate vehicles the Group must assess the substance of the
joint arrangement in determining whether it is classified as a joint venture or joint operation. This
assessment requires the Group to consider whether it has rights to the joint arrangement’s net assets
(in which case it is classified as a joint venture), or rights to and obligations for specific assets,
liabilities, expenses, and revenues (in which case it is classified as a joint operation). Factors the
group must consider include:
 Structure
 Legal form
 Contractual agreement
 Other facts and circumstances.
Upon consideration of these factors, the Group has determined that all of its joint arrangements
structured through separate vehicles give it rights to the net assets and are therefore classified as
joint ventures.
Accounting policies
General

Exhibit E
44
j. Foreign currency
Transactions entered into by Group entities in a currency other than the currency of the primary
economic environment in which they operate (their "functional currency") are recorded at the
rates ruling when the transactions occur. Foreign currency monetary assets and liabilities are
translated at the rates ruling at the reporting date. Exchange differences arising on the
retranslation of unsettled monetary assets and liabilities are recognised immediately in profit or
loss, except for foreign currency borrowings qualifying as a hedge of a net investment in a foreign
operation, in which case exchange differences are recognised in other comprehensive income and
accumulated in the foreign exchange reserve along with the exchange differences arising on the
retranslation of the foreign operation.
Exchange gains and losses arising on the retranslation of monetary available for sale financial
assets are treated as a separate component of the change in fair value and recognised in profit or
loss. Exchange gains and losses on non-monetary available for sale financial assets form part of
the overall gain or loss recognised in respect of that financial instrument.
On consolidation, the results of overseas operations are translated into CU at rates approximating
to those ruling when the transactions took place. All assets and liabilities of overseas operations,
including goodwill arising on the acquisition of those operations, are translated at the rate ruling
at the reporting date. Exchange differences arising on translating the opening net assets at
opening rate and the results of overseas operations at actual rate are recognised in other
comprehensive income and accumulated in the foreign exchange reserve.
Exchange differences recognised profit or loss in Group entities' separate financial statements on
the translation of long-term monetary items forming part of the Group's net investment in the
overseas operation concerned are reclassified to other comprehensive income and accumulated in
the foreign exchange reserve on consolidation.
On disposal of a foreign operation, the cumulative exchange differences recognised in the foreign
exchange reserve relating to that operation up to the date of disposal are transferred to the
consolidated statement of comprehensive income as part of the profit or loss on disposal.
Accounting policies
General
Financial assets
PSAK 60: 21,B5 Discloses, the measurement basis (or bases) of the entity’s financial
instruments.

Exhibit E
45
k. Financial assets
The Group classifies its financial assets into one of the categories discussed below, depending on
the purpose for which the asset was acquired. The Group has not classified any of its financial
assets as held to maturity.
Other than financial assets in a qualifying hedging relationship, the Group's accounting policy for
each category is as follows:
Fair value through profit or loss
This category comprises only in-the-money derivatives (see "Financial liabilities" section for out-
of-money derivatives). They are carried in the statement of financial position at fair value with
changes in fair value recognised in the consolidated statement of comprehensive income in the
finance income or expense line. Other than derivative financial instruments which are not
designated as hedging instruments, the Group does not have any assets held for trading nor does
it voluntarily classify any financial assets as being at fair value through profit or loss.
Loans and receivables
These assets are non-derivative financial assets with fixed or determinable payments that are not
quoted in an active market. They arise principally through the provision of goods and services to
customers (e.g. trade receivables), but also incorporate other types of contractual monetary
asset. They are initially recognised at fair value plus transaction costs that are directly
attributable to their acquisition or issue, and are subsequently carried at amortised cost using the
effective interest rate method, less provision for impairment.
Impairment provisions are recognised when there is objective evidence (such as significant
financial difficulties on the part of the counterparty or default or significant delay in payment)
that the Group will be unable to collect all of the amounts due under the terms receivable, the
amount of such a provision being the difference between the net carrying amount and the present
value of the future expected cash flows associated with the impaired receivable. For trade
receivables, which are reported net, such provisions are recorded in a separate allowance account
with the loss being recognised within administrative expenses in the consolidated statement of
comprehensive income. On confirmation that the trade receivable will not be collectable, the
gross carrying value of the asset is written off against the associated provision.
From time to time, the Group elects to renegotiate the terms of trade receivables due from
customers with which it has previously had a good trading history. Such renegotiations will lead
to changes in the timing of payments rather than changes to the amounts owed and, in
consequence, the new expected cash flows are discounted at the original effective interest rate
and any resulting difference to the carrying value is recognised in the consolidated statement of
comprehensive income (operating profit).
The Group's loans and receivables comprise trade and other receivables and cash and cash
equivalents in the consolidated statement of financial position.
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short
term highly liquid investments with original maturities of three months or less, and – for the
purpose of the statement of cash flows - bank overdrafts. Bank overdrafts are shown within loans
and borrowings in current liabilities on the consolidated statement of financial position.

Exhibit E
46
k. Financial assets (Continued)
Available-for-sale
Non-derivative financial assets not included in the above categories are classified as available-for-
sale and comprise principally the Group's strategic investments in entities not qualifying as
subsidiaries, associates or jointly controlled entities. They are carried at fair value with changes
in fair value, other than those arising due to exchange rate fluctuations and interest calculated
using the effective interest rate, recognised in other comprehensive income and accumulated in
the available-for-sale reserve. Exchange differences on investments denominated in a foreign
currency and interest calculated using the effective interest rate method are recognised in profit
or loss.
Where there is a significant or prolonged decline in the fair value of an available for sale financial
asset (which constitutes objective evidence of impairment), the full amount of the impairment,
including any amount previously recognised in other comprehensive income, is recognised in profit
or loss.
Purchases and sales of available for sale financial assets are recognised on settlement date with
any change in fair value between trade date and settlement date being recognised in the
available-for-sale reserve.
On sale, the cumulative gain or loss recognised in other comprehensive income is reclassified from
the available-for-sale reserve to profit or loss.
l. Financial liabilities
The Group classifies its financial liabilities into one of two categories, depending on the purpose
for which the liability was acquired.
Other than financial liabilities in a qualifying hedging relationship (see below), the Group's
accounting policy for each category is as follows:
Fair value through profit or loss
This category comprises only out-of-the-money derivatives (see "Financial assets" for in the money
derivatives). They are carried in the consolidated statement of financial position at fair value
with changes in fair value recognised in the consolidated statement of comprehensive income.
The Group does not hold or issue derivative instruments for speculative purposes, but for hedging
purposes. Other than these derivative financial instruments, the Group does not have any
liabilities held for trading nor has it designated any financial liabilities as being at fair value
through profit or loss.
Other financial liabilities
Other financial liabilities include the following items:
Bank borrowings and the Group's perpetual preference shares are initially recognised at fair value
net of any transaction costs directly attributable to the issue of the instrument. Such interest
bearing liabilities are subsequently measured at amortised cost using the effective interest rate
method, which ensures that any interest expense over the period to repayment is at a constant
rate on the balance of the liability carried in the consolidated statement of financial position. For
the purposes of each financial liability, interest expense includes initial transaction costs and any
premium payable on redemption, as well as any interest or coupon payable while the liability is
outstanding.

Exhibit E
47
l. Financial liabilities (Continued)
Accounting policies
General
Financial liabilities, Hedge accounting
PSAK 60:21, B5 Discloses, the measurement basis (or bases) of the entity’s financial
instruments.
Other financial liabilities (Continued)
- Liability components of convertible loan notes are measured as described further below.
- Trade payables and other short-term monetary liabilities, which are initially recognised at fair
value and subsequently carried at amortised cost using the effective interest method.
m. Hedge accounting
Hedge accounting is applied to financial assets and financial liabilities only where all of the
following criteria are met:
- At the inception of the hedge there is formal designation and documentation of the hedging
relationship and the Group's risk management objective and strategy for undertaking the
hedge.
- For cash flow hedges, the hedged item in a forecast transaction is highly probable and presents
an exposure to variations in cash flows that could ultimately affect profit or loss.
- The cumulative change in the fair value of the hedging instrument is expected to be between
80&-125% of the cumulative change in the fair value or cash flows of the hedged item
attributable to the risk hedged (i.e. it is expected to be highly effective).
- The effectiveness of the hedge can be reliably measured.
- The hedge remains highly effective on each date tested. Effectiveness is tested quarterly.
Cash flow hedges
The effective part of forward contracts designated as a hedge of the variability in cash flows of
foreign currency risk arising from firm commitments, and highly probable forecast transactions,
are measured at fair value with changes in fair value recognised in other comprehensive income
and accumulated in the cash flow hedge reserve. The Group uses such contracts to fix the cost of
equipment, inventories and services, and the income from foreign currency sales, in the
functional currency of the Group entity concerned.
If a highly probable forecast transaction results in the recognition of a non-monetary asset, the
cumulative loss/(gain) is added to/(subtracted from) the cost of the asset acquired ("basis
adjustment"). Otherwise the cumulative gain or loss recognised in other comprehensive income is
reclassified from the cash flow hedge reserve to profit or loss at the same time as the hedged
transaction affects profit or loss. The two transactions are recognised in the same line item.

Exhibit E
48
m. Hedge accounting (Continued)
Cash flow hedges (Continued)
If a forecast transaction is no longer considered highly probable but the forecast transaction is
still expected to occur, the cumulative gain or loss recognised in other comprehensive income is
frozen and recognised in profit or loss in accordance with the policy set out in the paragraph
above. Subsequent changes in the fair value of the derivative are recognised in profit or loss. If
the Group closes out its position before the transaction takes place (even though it is still
expected to take place) the cumulative gain or loss on changes in fair value of the derivative is
similarly recognised in accordance with the policy set out in the paragraph above. If, at any
point, the hedged transaction is no longer expected to occur, the cumulative gain or loss is
reclassified from the cash flow hedge reserve to profit or loss immediately.
The effective portion of gains and losses on derivatives used to manage cash flow interest rate
risk (such as floating to fixed interest rate swaps) are also recognised in other comprehensive
income and accumulated in the cash flow hedge reserve. However, if the Group closes out its
position early, the cumulative gains and losses recognised in other comprehensive income are
frozen and reclassified from the cash flow hedge reserve to profit or loss using the effective
interest method. The ineffective portion of gains and losses on derivatives used to manage cash
flow interest rate risk are recognised in profit or loss within finance expense or finance income.
Fair value hedges
Where derivatives are used to hedge the Group's exposure to fair value interest rate risk (such as
fixed to floating rate swaps), the hedged item is remeasured to take into account the gain or loss
attributable to the hedged risk (in the case of a fixed rate loan, the hedged risk is changes in the
fair value of interest rates) with the gains or losses arising recognised in profit or loss. This
offsets the gain or loss arising on the hedging instrument which is measured at fair value through
profit or loss.
Hedges of a net investment in a foreign operation
The Group enters into derivative currency contracts to hedge changes in the net investment of
foreign operations arising from movements in the forward exchange rate. To the extent that the
hedge is effective, gains and losses arising on the derivative are recognised in other
comprehensive income. The ineffective portion of such hedges is recognised in profit or loss.

Exhibit E
49
m.Hedge accounting (Continued)
Hedges of a net investment in a foreign operation (Continued)
Accounting policies
General
PSAK 1: 117(b) Disclose accounting policies that are relevant to understanding the financial statements
(i.e. those for material items).
Hedge accounting
PSAK 60: 21, B5 Discloses, the measurement basis (or bases) of the entity’s financial instruments.
n. Share capital
Financial instruments issued by the Group are classified as equity only to the extent that they do
not meet the definition of a financial liability or financial asset.
The Group's ordinary shares are classified as equity instruments.
o. Convertible debt
The proceeds received on issue of the Group's convertible debt are allocated into their liability
and equity components. The amount initially attributed to the debt component equals the
discounted cash flows using a market rate of interest that would be payable on a similar debt
instrument that does not include an option to convert. Subsequently, the debt component is
accounted for as a financial liability measured at amortised cost until extinguished on conversion
or maturity of the bond. The remainder of the proceeds is allocated to the conversion option and
is recognised in the "Convertible debt option reserve" within shareholders' equity, net of income
tax effects.
p. Borrowing costs
Interest incurred on the bank loan used to fund the construction of the Group's new head office is
being capitalised as part of its cost, net of interest received on cash drawn down yet to be
expended. The Group does not incur any other interest costs that qualify for capitalisation.
q. Defined contribution schemes
Contributions to defined contribution pension schemes are charged to the consolidated statement
of comprehensive income in the year to which they relate.
r. Defined benefit schemes
Defined benefit scheme surpluses and deficits are measured at:
- The fair value of plan assets at the reporting date; less
- Plan liabilities calculated using the projected unit credit method discounted to its present
value using yields available on high quality corporate bonds that have maturity dates
approximating to the terms of the liabilities; plus
- Unrecognised past service costs; less
- The effect of minimum funding requirements agreed with scheme trustees.

PT Layout Indonesia Tbk FS 31 Dec 2015

PT Layout Indonesia Tbk FS 31 Dec 2015

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PT Layout Indonesia Tbk FS 31 Dec 2015