PERVSAHMN PERSEROAN (PERSERO)PT PERVSAHMN LlSTRIK NEGARA DAN ENTITAS ANAKl,APORAN POSISI KEVANGAN KONSOLIDASIAN31 DESEMBER 2013 DAN 2012 DAN 1 JANVARI 2012!31 DESEMBER 2011(Angka dalam tabel dinyatakan dalam jutaan Rupiah)

PERVSAHMN PERSEROAN (PERSERO)PT PERVSAHMN LlSTRIK NEGARA AND ITS SVBSIDIARIES

CONSOLIDATED STATEMENTS OF FINANCiAL POSITIONDECEMBER 31, 2013 AND 2012 AND JANVARY 1, 20121DECEMBER 31, 2011

(Figures in tables stated in millions of Rupiah)

I1 JanuarilJanuary 1,

2012131 Desember! 31 Desember! 31 Desember!

Catatan! December 31, December 31, December 31,Notes _-r2::.;0;.;.1=-3 :;;20",1.=2~),--__ --,2::.;0",1.;..1--,),--_

ASET TIDAK LANCARAset tetap - setelah dikurangi

akumulasi penyusutan sebesarRp 175.676.127 juta tanggal31 Desember 2013,Rp 155.345.122 juta tanggal31 Desember 2012dan Rp 136.396.197 juta tanggall Januari 2012

Properti investasiInvestasi pada entitas asosiasiInvestasi pada ventura bersamaAset pajak tangguhanPiutang plhak berelasiRekening bank dan deposito berianqka dibatasi

penggunaannyaPiutang lain-lainAset tidak lancar lain

Jumlah Aset Tidak Lancar

ASET LANCARKas dan setara kasInvestasi jangka pendekPiutang usaha

Pihak berelasi - setelah dikurangicadangan kerugian penurunan nilai sebesarRp 493 juta pada tanggal31 Desember 2013,Rp 341 juta tanggal 31 Desember 2012 danRp 649 juta tanggal 1 Januari 2012

Pihak ketiga - setelah dikurangicadangan kerugian penurunan nilai sebesarRp 464.925 juta pada tanggal31 Desember 2013,Rp 367.886 juta tanggal31 Desember 2012 danRp 355.498 juta tanggal 1 Januari 2012

Piutang subsidi listrikPiutang lain-lainPersediaan - bersihPajak dibayar dimukaBiaya dibayar dirnuka dan uang mukaPiutang pihak berelasi

Jumlah Aset Lancar

JVMLAH ASET

.) Disajikan kembali - Catatan 14

6788479,52

402.260.912152.796

1.141.6981.152

18.018212.709

101611

NONCVRRENT ASSETSProperty, plant and equipment-

net of accumulated depreciation ofRp 175,676,127 million as of December 31,2013,Rp 155,345,122 million as of December 31,2012and Rp 136,396,197 million as of January 1, 2012

Investment propertiesInvestments in associatesInvestments in joint venturesDeferred tax assetsReceivables from related partiesRestricted cash in banks and

5.659.753 4.792.736 3.889.763 time deposits304.302 303.058 355.270 Other receivables

_+3:;.:.0:..:1.::;8."'2'-71:....__ .:2",.6;.;.4=-5.=-506=-::...-_.....:.1.;.;.4=-97;.;..9=-4;.:3_Other noncurrent assets

I511.040.211

8.102.578159.330

1.836.859192.207

1.590.879176.032

462.317.745158.280

1.571.18454.255

200.71322.329

472.065.808 409.530.261 Total Noncurrent Assets

121314

CVRRENT ASSETSCash and cash equivalentsShort-term investments

Trade accounts receivableRelated parties - net of allowancefor impairment losses ofRp 493 million as of December 31, 2013,Rp 341 million as of December 31, 2012 andRp 649 million as of January 1, 2012

IThird parties - net of allowancefor impairment losses ofRp 464,925 million as of December 31, 2013,Rp 387,886 million as of December 31, 2012 and

r5.288.266 12.255.412 11.947.759 Rp 355,498 million as of January 1, 201221.793.929 20.565.784 12.101.668 Receivables on electricity subsidy4.625.113 849.120 598.750 Other receivables

[

1.343.464 16.738.446 15.654.105 Inventories-net4.397.112 2.562.075 2.396.990 Prepaid taxes1.312.925 1.026.080 1.204.393 Prepaid expenses and advances

_+_4.:.:0",.06=1 .:2=-8.,-,47",0,,- .::;67e;..2e;5:.:::6,-Receivables from related parties

I!l4837.180

25.529.96997.667

22.639.853378.208

22.068.093636.264

408.674 266.708 227.264

15,3716171819

9,52

77.310.156 Total Current Assets66.922.542

5~5.877.391 549.375.964 476.452.803 TOTAL ASSETS

.) As restated - Note 14

Lihat catatan atas laporan keuangan konsolidasian yang merupakanbagian yang tidak terpisahkan dari laporan keuangan konsolidasian.

See accompanying notes to consolidated financial statementswhich are an integral part of the consolidated financial statements.

PERUSAHAAN PERSEROAN (PERSERO)PT PERUSAHAAN LlSTRIK NEGARA DAN ENTITAS ANAKLAPORAN POSISI KEUANGAN KONSOLIDASIAN31 DESEMBER 2013 DAN 2012 DAN 1 JANUARI2012/31 DESEMBER 2011(Angka dalam tabel dinyatakan dalam jutaan Rupiah) - Lanjutan

PERUSAHAAN PERSEROAN (PERSERO)PT PERUSAHAAN LlSTRIK NEGARA AND ITS SUBSIDIARIES

CONSOLIDATED STATEMENTS OF FINANCIAL POSITIONDECEMBER 31, 2013 AND 2012 AND JANUARY 1, 20121DECEMBER 31, 2011

(Figures in tables stated in millions of Rupiah) - Continued

1 JanuarilJanuary 1,

2012131 DesemberlDecember 31,

2011)

31 DesemberlDecember 31,

2012 .)

31 DesemberlDecember 31,

12013Catatan!Notes

LlABILITAS DAN EKUITAS LIABILITIES AND EQUITY

EQUITYEKUITASEkuitas yang dapat diatribusikan kepada

pemilik entitas indukModal saham - nilai nominal Rp 1 juta per saham

Modal dasar - 63.000.000 saharnModal ditempatkan dan disetor penuh -

46.197.380 sahamTambahan modal disetorSaldo laba

Ditentukan penggunaannyaTidak ditentukan penggunaannya

Ekuitas yang dapat diatribusikan kepadapemilik Entitas Induk

Kepentingan nonpengendaliJumlah Ekuitas

Equity attributable to owners of the CompanyCapital stock - par value of Rp 1 million per share

Authorized - 63,000,000 sharesSubscribed and paid-Up -

46,197,380 sharesAdditional paid-in capitalRetained earnings

AppropriatedUnappropriated

6.197.380 46.197.3809.901.404 44.930.345

19.108.528 17.343.884.7.931.293 50.703.617

I133.138.605 159.175.226

I 93.175 94.644133.231.780 159.269.870

I23.788.838 19.228.694

13.862.843 3.304.671

29.498.060 27.294.1328.578.716 8.707.826

129.718.551 107.609.23266.457.948 54.271.67981.017.989 67.250.97716.764.275 5.582.143

6.906 9.67524.395.289 22.090.832

221.150 153.530374.330.565 315.503.191

I2.136.710 14.894.3764.389.792 10.861.2301.222.393 1.146.1048.714.043 7.580.9450.107.402 6.455.4051.061.453 1.226.238

2021

46.197.38040.050.208

13.720.01454.619.043

154.586.64596.391

Equity attributable to owners of the CompanyNon-controlling interestsTotal Equity154.683.038

LlABILITAS JANGKA PANJANGPendapatan ditangguhkanLiabilitas pajak tangguhan - bersihUtang jangka panjang - setelah dikurangi

bagian jatuh tempo dalam satu tahunPenerusan pinjamanUtang kepada PemerintahUtang sewa pembiayaanUtang bank dan surat utang jangka menengahUtang obligasiUtang listrik swastaUtang pihak berelasiLiabilitas imbalan ke~aUtang lain-lain

Jumlah Liabilitas Jangka Panjang

NONCURRENT LIABILITIESDeferred revenueDeferred tax liabilities - net

2247

14.587.9066.384.701

Long-term liabilities - net of current maturitiesTwo-step loansGovernment loansLease liabilitiesBank loans and medium term notesBonds payableElectricity purchase payablePayable to related partiesEmployee benefits obligationOther payables

Total Noncurrent Liabilities

232425262728

29,525031

27.036.6906.016.818

77.690.46646.003.19155.908.3885.413.311

13.99118.967.344

196.508256.219.334

LlABI LlTAS JANGKA PENDEKUtang usaha

Pihak berelasiPihak ketiga

Utang pajakBiaya masih harus dibayarUang jaminan langgananUtang biaya proyekUtang jangka panjang jatuh tempo dalam

satu tahunPenerusan pinjamanUtang kepada PemerintahUtang sewa pembiayaanUtang bank dan surat utang jangka menengahUtang obligasiUtang listrik swastaUtang pihak berelasiLiabiJitas imbatan kerjaUtang lain-lain

Jumlah Liabilitas Jangka Pendek

CURRENT LIABILITIESTrade accounts payable

Related partiesThird parties

Taxes payableAccrued expensesCustomers' security depositsProject cost payable

30,5230,5232333435

14.070.5697.875.637955.509

6.060.3476.511.2612.467.142

Current maturities of long-term liabilitiesTwo-step loansGovernment loansLease liabilitiesBank loans and medium term notesBonds payableElectricity purchase payablePayable to related partiesEmployee benefits obligationOther payables

Total Current liabilities

23 3.208.983 2.309.84124 293.793 334.01025 4.901.469 3.699.82926 8.387.881 7.808.34427 2.808.00028 272.454 206.013

29,52 2.786 4.07350 2.584.480 1.680.68831 18.223.407 16.395.807

88.315.046 74.602.903

462.645.611 390.106.094

595.877.391 549.375.964

2.238.422346.372

2.803.9114.694.652

184.1301.431

1.611.50013.731.55063.550.433

JUMLAH LlABILITAS 321.769.767 TOTAL LIABILITIES

JUMLAH EKUITAS DAN LlABILITAS 476.452.803 TOTAL EQUITY AND LIABILITIES

0) Disajikan kembali _Catatan 14 ') As restated - Note 14

Lihat catatan atas laporan keuangan konsolidasian yang merupakanbagian yang tidak terpisahkan dari laporan keuangan konsolloaslan.

See accompanying notes to consolidated financial statementswhich are an integral part of the consolidated financial statements.

PERUSAHAAN PERSEROAN (PERSERO)PT PERUSAHAAN LlSTRIK NEGARA DAN ENTITAS ANAKLAPORAN LABA RUGI KOMPREHENSIF KONSOLIDASIANUNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER 2013 DAN 2012(Angka dalam tabel dinyatakan dalam jutaan Rupiah)

PERUSAr.iAAN PERSEROAN (PERSERO)PT PERl,JSAHAAN LlSTRIK NEGARA AND ITS SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOMEFOR THE YEARS ENDED DECEMBER 31, 2013 AND 2012

(Figures in tables stated in millions of Rupiah)

PENDAPATAN USAHAPenjualan tenaga listrikSubsidi listrik PemerintahPenyambungan pelangganLain-lain

Jumlah Pendapalan Usaha

BEBAN USAHABahan bakar dan pelumasPembelian tenaga listrikSewaPemeliharaanKepegawaianPenyusutanLain-lain

Jumlah Beban Usaha

LABA SEBELUM POS KEUANGAN DAN LAIN-LAIN

POS KEUANGAN DAN LAIN-LAIN BERSIHPenghasilan bungaKerugian kurs mata uang asing - bersihBeban keuanganPenghasilan lain-lain - bersih

Pos Keuangan dan Lain-lain Bersih

LABA (RUG I) SEBELUM PAJAK

MANFAAT PAJAK

LABA (RUGI) TAHUN BERJALAN DANJUMLAH LABA RUGI KOMPREHENSIF

I2~13

Catatan/Notes 2012

153.185.606

101.207.859I

1.585.3381.125.778

257.J04581

147L3.7512.393.7908. 14.145

19.839.465

~~~~;:~~;I

5.481.268

220.J11.147

36 .. 93.434

Ip6.378

(48.096.810)(30. 46.545)

1.7,92.124

I(75.7,14.853)

(39lz1.419)

I9.q53.958

(2917.461)

Laba (rugi) tahun berjalan dan jumlah laba rugikomprehensif diatribusikan kepada :Pemilik Entilas Induk (29.563.880)Kepenlingan Nonpengendali 1(3.581)Jumlah (29.!)67.461)

LABA (RUGI) PER SAHAM DASAR/DILUSIAN I(Dalam Rupiah penuh) (639947)

Lihat catatan alas laporan keuangan konsolidaslan yang merupak~nbagIan yang tidak terpisahkan dan laporan keuangan konsolldaslaa.

36372238

126.721.647103.331.285

1.306.4631.297.061

232.656.456

3940414243644

136.535.4952.939.6246.963.983

17.567.37514.400.97619.499.2215.208.776

203.115.450

29.541.006

534546

384.043(5.938.482)

(24.612.091 )1.657.252

(28.509.278)

1.031.728

47 2.173.796

3.205.524

3.208.444(2.920)

3.205.524

48 69.451

REVENUESSale of electricityGovernment's electricity subsidyCustomer connection feesOlhers

Total Revenues

OPERATING EXPENSESFuel and lubricantsPurchased electricityLeaseMaintenancePersonnelDepreciationOthers

Total Operating Expenses

INCOME BEFORE FINANCIAL AND OTHER ITEMS

NET FINANCIAL AND OTHER ITEMSInterest incomeLoss on foreign exchange - netFinancial costOthers income - net

Net Financial and Other Items

INCOME (LOSS) BEFORE TAX

TAX BENEFIT

INCOME (LOSS) FOR THE YEAR ANDTOTAL COMPREHENSIVE INCOME

Income (loss) for the year and total comprehensiveincome attributable to :Owners of the CompanyNon-controlling interestTotal

BASIC/DILUTED EARNINGS (LOSS) PER SHARE(In full Rupiah amount)

See accompanying notes to consolidated financial statementswhich are an integral part of the consolidated financial statements.

PERUSAHAAN PERSEROAN (PERSERO)PT PERUSAHAAN LlSTRIK NEGARA DAN ENTITAS ANAKLAPORAN PERUBAHAN EKUITAS KONSOLIDASIANUNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER 2013 DAN 2012(Angka dalam tabel dinyatakan dalam jutaan Rupiah)

PERUSAHAAN PERSEROAN (PERSERO)PT PERUSAHAAN LlSTRIK NEGARA AND ITS SUBSIDIARI ES

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITYFOR THE YEARS ENDED DECEMBER 31. 2013 AND 2012

(Figures in tables stated in millions of Rupiah)

Saldo per 1 Januari 2012. sebagaimanadilaporkan sebelumnya

Koreksi piutang usaha belum ditagihSaldo per 1 Januari 2012 setelah disajikan kembaliPenambahan lahun berjalanCadangan umum tahun berjalanDividen tunai

-----------r.jumlah laoa komprehensif tahun berjalan

Catatan!Notes

Modal ditempatkandan disetor penuhlSubscribed andpaid-up capital

stock

46.197.38014

Tambanan modaldisetorl

Additionalpaid-in capital

40.050.208

40.050.2084.880.137

Saldo laba!Retained earnings

Ekuitas yangdapat diatribusikankepada pemilikentitas indukl

EquityaNributableto owners

of the Company

46.197.380214949

Kepentingannonpengendal~Non-controlling

interest

Ditenlukan Tidak ditentukanpenggunaannya! penggunaannya!Appropriated Unappropriated

13.720.014 45.948.843 145.916.445 96.3918.670.200 8.670.200

13.720.014 54.619.043 154.566.845 96.3914.880.137 3.385

3.623.870 (3.623.870)(9,see:ooO) (3:500:000) (2:2T2)3.208.444 3.208.444 (2.920)

17.343.664 50.703.617 159.175.226 94.6444.971.059 2.712

1.784.844 (1.784.844)(1.443.800) (1.443.800) (600)

(29.563.880) (29.563.880) (3.581)

19.108.528 17.931.293 133.138.805 93.175

Jumlah ekuitas/Total equily

146.012.8388.670.200

154.683.0364.883.522

Balance as of January 1. 2012,as previously reported

Correction Irade receivable - not yet billedBalance as of January 1,2012 as restatedAdditions during the yearAppropriation during the yearCash dividendsTotal comprehensive income for the year

Saldo per 31 Desember 2012Penambahan tahun berjalanCadangan umum tahun berjalanDividen tunaiJumlah rugi komprehensif lahun berjalan

Saldo per 31 Desember 2013

46.197.380214949

46.197.380

lihat catalan alas laparan keuangan konsolidasian yang merupakanbagian yang tidak terpisahkan dari laparan keuangan konsolidasian.

44.930.3454.971.059

49.901.404

(3.502.212)3.205.524

159.269.8704.973.771

(1.444.400)(29.567.461)

133.231.780

Balance as of December 31. 2012Additions during the yearAppropriation during the yearCash dividendsTotal comprehensive loss for the year

Balance as of December 31. 2013

See accompanying notes to consolidated financial statementswhich are an integral part of the consolidated financial statements.

PERUSAHAAN PERSEROAN (PERSERO)PT PERUSAHAAN LlSTRIK NEGARA DAN ENTITAS ANAKLAPORAN ARUS KAS KONSOLIDASIANUNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER 20 3 DAN 2012(Angka dalam tabel dinyatakan dalam jutaan Rupiah)

PERUSAHAAN PERSEROAN (PERSERO)PT PERVSAHAAN LlSTRIK NEGARA AND ITS SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWSFOR THE YEARS ENDED DECEMBER 31, 2013 AND 2012

(Figures in tables stated in millions of Rupiah)

ARUS KAS DARI AKTIVITAS OPERASIPenerimaan kas dari pelangganPembayaran kas kepada pemasokPembayaran kas kepada karyawanKas digunakan untuk aktivitas operas!Penerimaan subsidi listrikPembayaran bungaPenerimaan bungaPenerimaan restitusi pajak penghasilanPembayaran pajak penghasilan

Kas Bersih Diperoleh Dari Aktivitas Operasi

ARUS KAS OARI AKTIVITAS INVESTASIHasil penjualan aset tidak digunakan dalam operasiPerolehan aset tetapPenurunan (kenaikan) piutang pihak berelasiAkuisisi entitas anakPerolehan investasi pada entitas asostasi

dan ventura bersamaPenerimaan dividen dari entitas asosiasiPenempatan rekening bank dan deposito

berjangka dibatasi penggunaannyaPencairan investasi jangka pendek

Kas Bersih Digunakan Untuk Aktivitas Investasi

ARUS KAS DARI AKTIVITAS PENDANAANPerolehan dari penerbitan obligasiPembayaran biaya penerbitan obligasiPembayaran utang obligasiPembayaran penerusan pinjamanPenarikan utang kepada PemerintahPembayaran utang kepada PemerintahPembayaran dividenPerolehan utang bankPembayaran utang bankPembayaran utang listrik swastaPembayaran utang sewa pembiayaan

Kas Bersih Diperoleh Dari (Diqunakan Untuk)Aktivitas Pendanaan

KENAIKAN BERSIH KAS DAN SETARA KAS

KAS DAN SETARA KAS AWAL TAHUN

Kas dan setara kas awal tahunentitas anak yang diakuisisi

KAS DAN SETARA KAS AKHIR TAHUN

I1~1.342.602(18

1

0.257.732)(12.426.256)(11.341.386)99.979.714(118.366.978)

736.378389.309

~3.221.807)

~8.175.230

1223.192(34.650.475)

(165.294)(12.670)

(120.480)15.524

(557.636)280.541

1(3.4.987.298)

.673.000(6.238)

12.350.109)

(293.793)11.443.800)

Y291.979(6

l7.813.387)(189.783)

13.198.848)

I (330.979)~.856.953

22.639.853

I 33.163i6.529.969

Lihat catatan atas laporan keuangan konsolidasian yang merupa anbagian yang tidak terpisahkan dari laporan keuangan konsotidaslan.

2012

137.486.222(167.365.322)(11.120.577)(40.999.677)94.867.169(22.568.006)

583.90813.974

(1.433.106)

30.464.262

76.805(40.895.117)

29.300(109.200)

(120.321)98.343

(1.117.505)277.689

(41.760.006)

9.615.000(172.719)(892.000)

(2.286.711)3.000.023(293.793)

(3.500.000)69.833.045(60.185.808)

(169.623)(3.099.923)

11.847.491

551.747

22.088.093

22.639.853

CASH FLOWS FROM OPERATING ACTIVITIESCash receipts from customersCash paid to suppliersCash paid to employeesCash used in operationsGovem ment subsidy receivedInterest expense paidInterest receivedIncome tax restitution receivedIncome tax paid

Net Cash Provided by Operating Activities

CASH FLOWS FROM INVESTING ACTIVITIESProceeds from sale of assets not used in operationsAdditions to property, plant and equipmentDecrease (increase) in receivables from related partiesAcquisition of subsidiariesAcquisition of investments in associates

and joint venturesDividends received from associatePlacement of restricted cash in banks and

time depositsWithdrawal of short-term investments

Net Cash Used in Investing Activities

CASH FLOWS FROM FINANCING ACTIVITIESProceeds from issuance of bondsPayment of bonds issuance costsPayment of bonds payablePayment of two-step loansProceeds from Government loansPayment of Government loansPayment of dividendsProceeds from bank loansPayment of bank loansPayment of electricity purchase payablePayment of lease liabilities

Net Cash Provided (Cash Used) by Financing Activities

NET INCREASE IN CASH AND CASH EQUIVALENTS

13

CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR

Cash and cash equivalent at beginning of year ofsubsidiary acquired

CASH AND CASH EQUIVALENTS AT END OF YEAR

See accompanying notes to consolidated financial statementswhich are an integral part of the consolidated financial statements.