INVESTASI JANGKA PENDEK SHORT-TERM INVESTMENTS

AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED JUNE 30, 2015 AND 2014 Expressed in thousands of Rupiah, unless otherwise stated Continued - 55 - 7. PIUTANG USAHA 7. TRADE RECEIVABLES 30 Juni 31 Desember June 30, December 31, 2015 2014 Unaudited Unaudited Pihak ketiga: Third parties: Rupiah 2.351.554.503 2.550.117.743 Rupiah Dolar Amerika Serikat 22.150.757 27.613.160 United States Dollars Dong Vietnam 42.070.905 28.273.053 Vietnamese Dong 2.415.776.165 2.606.003.956 Dikurangi: Less: Cadangan penurunan nilai 58.857.736 52.350.448 Allowance for impairment losses 2.356.918.429 2.553.653.508 Pihak berelasi: Related parties: Rupiah 795.440.308 755.859.388 Rupiah Dong Vietnam 11.820.461 11.924.719 Vietnamese Dong 807.260.769 767.784.107 Dikurangi: Less: Cadangan penurunan nilai 20.763.034 20.190.311 Allowance for impairment losses 786.497.735 747.593.796 Jumlah 3.143.416.164 3.301.247.304 Total Sebelum menerima setiap pelanggan baru, Grup menggunakan sistem penilaian secara internal untuk menilai potensi pelanggan. Untuk selanjutnya batasan yang diatribusikan kepada pelanggan ditinjau minimal 2 kali setahun. Before accepting any new customer, the Group uses an internal assessment system to assess the potential customer. In addition further restrictions attributable to the customer are evaluated at least 2 times a year. Pada tanggal 30 Juni 2015, rincian pelanggan dengan nilai piutang melebihi 5 dari jumlah saldo piutang usaha adalah sebagai berikut: The details of the customer with the value of receivables exceeds 5 of the total trade receivable balance as of June 30, 2015 are as follows: Saldo piutang usaha Persentase dari total piutang usaha Trade receivable As a percentage of PelangganCustomer balance trade receivable balance PT Varia Usaha 259.984.493 8,27 Koperasi Warga Semen Gresik 227.411.092 7,23 Rincian transaksi dan saldo dengan pihak berelasi diungkapkan dalam Catatan 42. Details of related party transactions and balances are disclosed in Note 42. AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED JUNE 30, 2015 AND 2014 Expressed in thousands of Rupiah, unless otherwise stated Continued - 56 - Umur piutang usaha adalah sebagai berikut: The aging of trade receivables is as follows: 30 Juni 31 Desember June 30, December 31, 2015 2014 Unaudited Unaudited Lancar 2.531.815.378 2.932.746.406 Current Lewat jatuh tempo: Overdue: 1 - 45 hari 306.853.353 265.438.115 1 - 45 days 46 - 135 hari 224.242.399 63.653.940 46 - 135 days 136 - 365 hari 68.964.232 21.369.235 136 - 365 days Lebih dari 365 hari 91.161.572 90.580.367 Over 365 days 3.223.036.934 3.373.788.063 Dikurangi: Less: Cadangan penurunan nilai 79.620.770 72.540.759 Allowance for impairment losses Jumlah 3.143.416.164 3.301.247.304 Total Piutang usaha yang diungkapkan di atas termasuk jumlah yang telah jatuh tempo pada akhir periode pelaporan dimana Grup tidak mengakui cadangan kerugian penurunan nilai piutang karena belum ada perubahan yang signifikan dalam kualitas kredit dan jumlah piutang masih dapat dipulihkan. Trade receivables disclosed above include amounts that are past due at the end of the reporting period for which the Group has not recognized an allowance for impairment losses because there has not been a significant change in credit quality and the amounts are still considered recoverable. Mutasi cadangan penurunan nilai piutang adalah sebagai berikut: The movements in the provision for impairment of receivables is as follows: 30 Juni 31 Desember June 30, December 31, 2015 2014 Unaudited Unaudited Saldo awal 72.540.759 70.142.933 Beginning balance Penambahan 7.080.011 2.397.826 Addition Saldo akhir 79.620.770 72.540.759 Ending balance Dalam menentukan pemulihan dari piutang usaha, Grup mempertimbangkan setiap perubahan dalam kualitas kredit dari piutang usaha dari tanggal awalnya kredit diberikan sampai dengan akhir periode pelaporan. Konsentrasi risiko kredit terbatas karena basis pelanggan adalah besar dan tidak saling berhubungan. In determining the recoverability of a trade receivable, the Group considers any change in the credit quality of the trade receivable from the date credit was initially granted up to the end of the reporting period. The concentration of credit risk is limited as the customer base is large and unrelated. Umur piutang usaha yang diturunkan nilainya: Age of impaired trade receivables: 30 Juni 31 Desember June 30, December 31, 2015 2014 Unaudited Unaudited Lewat jatuh tempo: Overdue: 1 - 45 hari 2.130.921 2.130.921 1 - 45 days 46 - 135 hari 1.253.911 1.253.911 46 - 135 days 136 - 365 hari 2.626.470 1.572.322 136 - 365 days Lebih dari 365 hari 73.609.468 67.583.605 Over 365 days Jumlah 79.620.770 72.540.759 Total AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED JUNE 30, 2015 AND 2014 Expressed in thousands of Rupiah, unless otherwise stated Continued - 57 - Umur piutang usaha yang telah lewat jatuh tempo tetapi belum diturunkan nilainya: Age of past due but not impaired trade receivables: 30 Juni 31 Desember June 30, December 31, 2015 2014 Unaudited Unaudited Lewat jatuh tempo: Overdue: 1 - 45 hari 304.722.432 263.307.194 1 - 45 days 46 - 135 hari 222.988.488 62.400.029 46 - 135 days 136 - 365 hari 66.337.762 19.796.913 136 - 365 days Lebih dari 365 hari 17.552.104 22.996.762 Over 365 days Jumlah 611.600.786 368.500.898 Total Berdasarkan hasil reviu keadaan piutang masing- masing pelanggan pada akhir periode pelaporan, manajemen Grup berkeyakinan bahwa cadangan penurunan nilai telah memadai untuk menutup kemungkinan kerugian atas tidak tertagihnya piutang usaha. Based on a review of the status of the individual receivable accounts at end of reporting period, the management of the Group believes that the allowance for impairment losses is adequate to cover possible losses from uncollectible receivables. Pada 30 Juni 2015 dan 31 Desember 2014, sebesar 91 dan 93 piutang usaha dijamin dengan jaminan berupa bank garansi, deposito berjangka, asuransi kredit, dan harta berwujud tanah, bangunan dan kendaraan bermotor oleh pelanggan dengan nilai wajar masing-masing sebesar Rp2.871.614.129 dan Rp3.085.178.927. As of June 30, 2015 and December 31, 2014, 91 and 93 of trade receivables is collateralized by bank guarantees, time deposits, credit insurance, and tangible assets land, buildings and vehicles by the customers with total fair value amounting to Rp2,871,614,129 and Rp3,085,178,927, respectively. Manajemen berpendapat bahwa piutang usaha yang telah jatuh tempo tetapi belum diturunkan nilainya memiliki kualitas kredit yang baik. Management believes that trade receivables that are past due but not impaired have good credit quality. Piutang usaha tertentu digunakan sebagai jaminan atas fasilitas pinjaman non-cash loan dan fasilitas kredit investasi Catatan 20. Certain trade receivables are used as collateral for non-cash loan facilities and credit investment facilities Note 20.

8. PIUTANG LAIN-LAIN

8. OTHER RECEIVABLES

30 Juni 31 Desember June 30, December 31, 2015 2014 Unaudited Unaudited Pihak ketiga 98.163.426 114.771.309 Third parties Dikurangi: Less: Cadangan penurunan nilai 17.337.948 10.968.743 Allowance for impairment losses 80.825.478 103.802.566 Pihak berelasi 32.557.490 27.933.789 Related parties Dikurangi: Less: Cadangan penurunan nilai 801.095 427.104 Allowance for impairment losses 31.756.395 27.506.685 Jumlah 112.581.873 131.309.251 Total AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED JUNE 30, 2015 AND 2014 Expressed in thousands of Rupiah, unless otherwise stated Continued - 58 - Rincian transaksi dan saldo dengan pihak berelasi diungkapkan dalam Catatan 42. Details of related party transactions and balances are disclosed in Note 42. Mutasi cadangan penurunan nilai piutang lain-lain adalah sebagai berikut: The movements in the allowance for impairment losses of other receivables is as follows: 30 Juni 31 Desember June 30, December 31, 2015 2014 Unaudited Unaudited Saldo awal 13.022.550 5.332.244 Beginning balance Penambahan 5.116.493 6.063.603 Addition Saldo akhir 18.139.043 11.395.847 Ending balance Berdasarkan hasil reviu keadaan akun piutang lain- lain masing-masing debitur pada akhir periode pelaporan, manajemen Grup berkeyakinan bahwa cadangan penurunan nilai telah memadai untuk menutup kemungkinan kerugian atas tidak tertagihnya piutang lain-lain. Based on a review of the status of the individual other receivable accounts at the end of reporting period, management of the Group believes that the allowance for impairment losses is adequate to cover possible losses from uncollectible other receivables. 9. PERSEDIAAN 9. INVENTORIES 30 Juni 31 Desember June 30, December 31, 2015 2014 Unaudited Unaudited Suku cadang 1.129.025.603 1.163.503.845 Spare parts Bahan baku dan penolong 890.163.133 831.518.754 Raw and indirect materials Barang dalam proses 768.999.377 537.981.100 Work in process Barang jadi 390.804.631 242.247.369 Finished goods Barang dalam perjalanan 47.012.537 131.958.926 Goods in transit 3.226.005.281 2.907.209.994 Dikurangi: Less: Cadangan persediaan usang Allowance for obsolete dan bergerak lambat 95.898.572 95.505.589 and slow moving inventories Jumlah 3.130.106.709 2.811.704.405 Total Manajemen Grup berkeyakinan bahwa cadangan persediaan usang dan bergerak lambat telah mencukupi untuk menutup kemungkinan kerugian yang timbul dari persediaan usang dan bergerak lambat. The management of the Group believes that the allowance for obsolete and slow moving inventories is adequate to cover possible losses from obsolete and slow moving inventories. Persediaan tanah merupakan tanah siap jual yang dimiliki oleh entitas anak KIG. Land inventory represents a subsidiary’s KIG available for sale land. Mutasi cadangan persediaan usang dan bergerak lambat adalah sebagai berikut: The movement in the allowance for obsolete and slow moving inventories is as follows: