PROPERTI INVESTASI INVESTMENT PROPERTIES

AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED MARCH 31, 2016 AND 2015 Expressed in thousands of Rupiah, unless otherwise stated Continued - 72 - 15. ASET TETAP

15. FIXED ASSETS

31 Desember Selisih kurs 31 Maret December 31, Penambahan Pengurangan Reklasifikasi Foreign March 31, 2015 Additions Deductions Reclassifications exchange 2016 Audited Additions Deductions Reclassifications exchange Unaudited Biaya perolehan: Acquisition cost: Pemilikan Langsung Direct Ownership Tanah 228.355.778 - - - - 228.355.778 Land Tanah pertambangan 191.176.570 - - - - 191.176.570 Mining properties Bangunan, jalan, jembatan Buildings, roads, bridges dan pelabuhan 7.535.015.673 21.902.503 762.500 952.384 47.835.876 7.509.272.184 and harbors Mesin-mesin 19.684.714.643 33.360.287 - 20.803.552 88.062.678 19.650.815.804 Machinery Heavy equipment and Alat-alat berat dan kendaraan 1.021.051.927 11.613.636 6.492.145 2.611.720 489.752 1.028.295.386 vehicles Perlengkapan dan peralatan Furniture and office kantor 634.551.077 7.797.582 53.223 1.208.335 121.402 643.382.369 equipment Aset dalam penyelesaian: Construction in progress: Tanah 712.062.918 2.461.657 - - - 714.524.575 Land Bangunan, jalan, jembatan Buildings, roads, bridges dan pelabuhan 979.106.571 297.779.921 - 831.728 2.278.457 1.273.776.307 and harbors Mesin-mesin 2.536.360.180 473.455.554 - 19.815.112 - 2.990.000.622 Machinery Heavy equipment and Alat-alat berat dan kendaraan 9.565.404 920.843 - 2.611.720 - 7.874.527 vehicles Perlengkapan 88.571.310 134.874.640 - 1.208.338 - 222.237.612 Equipment Pabrik semen 2.643.836.627 439.645.233 - - - 3.083.481.860 Cement plant 36.264.368.678 1.423.811.856 7.307.868 1.109.093 138.788.165 37.543.193.594 Aset Sewa Pembiayaan Leased Assets Bangunan 141.135.734 22.298.860 - - - 163.434.594 Buildings Heavy equipment and Alat-alat berat dan kendaraan 209.317.527 - - - - 209.317.527 vehicles Perlengkapan dan peralatan Furniture and office kantor 36.150.520 - - - - 36.150.520 equipment 386.603.781 22.298.860 - - - 408.902.641 36.650.972.459 1.446.110.716 7.307.868 1.109.093 138.788.165 37.952.096.235 Akumulasi penyusutan Accumulated depreciation dan deplesi: and depletion: Pemilikan Langsung Direct Ownership Tanah pertambangan 98.738.990 764.793 - - - 99.503.783 Mining properties Bangunan, jalan, jembatan Buildings, roads, bridges dan pelabuhan 2.204.400.765 61.453.135 519.167 - 12.857.219 2.252.477.514 and harbors Mesin-mesin 7.745.741.522 280.167.395 8.059 47.438 43.619.182 7.982.329.114 Machinery Heavy equipment and Alat-alat berat dan kendaraan 798.654.517 16.896.671 5.355.206 1.061.657 59.025 811.198.614 vehicles Perlengkapan dan peralatan Furniture and office kantor 478.497.395 13.646.664 53.223 - 13.092 492.077.744 equipment 11.326.033.189 372.928.658 5.935.655 1.109.095 56.548.518 11.637.586.769 Aset Sewa Pembiayaan Leased Assets Bangunan 81.728.138 5.785.617 - - - 87.513.755 Buildings Heavy equipment and Alat-alat berat dan kendaraan 60.463.323 8.319.059 - - - 68.782.382 vehicles Perlengkapan dan peralatan Furniture and office kantor 15.065.099 208.676 - - - 15.273.775 equipment 157.256.560 14.313.352 - - - 171.569.912 11.483.289.749 387.242.010 5.935.655 1.109.095 56.548.518 11.809.156.681 Nilai tercatat neto 25.167.682.710 26.142.939.554 Net carrying amount AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED MARCH 31, 2016 AND 2015 Expressed in thousands of Rupiah, unless otherwise stated Continued - 73 - Beban penyusutan dan deplesi aset tetap dialokasikan sebagai berikut: Depreciation and depletion expense of fixed assets were allocated as follows: 31 Maret 31 Maret March 31, March 31, 2016 2015 Unaudited Unaudited Beban pabrikasi 344.481.086 318.331.817 Manufacturing cost Beban usaha 42.760.924 19.941.199 Operating expenses Jumlah 387.242.010 338.273.016 Total Hak atas tanah Grup berupa Sertifikat Hak Milik “SHM” dan Sertifikat Hak Guna Bangunan “SHGB”. SHGB memiliki masa berlaku antara tahun 2016 hingga 2044. Manajemen berpendapat bahwa SHGB tersebut dapat diperpanjang. The Group’s land represents freehold land “SHM” and land-use rights “SHGB”. The SHGB will expire between 2016 until 2044. Management believes that the SHGB are extendable. Pada tanggal 31 Maret 2016 tingkat penyelesaian atas aset dalam penyelesaian adalah sebagai berikut: The completion stage of construction in progress as of March 31, 2016 is as follows: Estimasi tahun Persentase penyelesaian penyelesaian Estimated Completion completion percentage year Tanah pertambangan 16 - 98 2016 Mining land Bangunan, jalan, jembatan Building, roads, brodges dan pelabuhan 1 - 98 2016 and harbors Mesin-mesin 1 - 98 2016 Machineries Perlengkapan 22 - 95 2016 Equipment Pabrik Semen 78 - 81 2016 Cement plants Sampai dengan 31 Maret 2016 dan 31 Desember 2015, biaya perolehan pembangunan pabrik semen dan pembangkit listrik termasuk biaya pinjaman yang dikapitalisasi masing-masing sebesar Rp322.795.613 dan Rp314.453.660, selisih kurs mata uang asing yang merupakan lindung nilai atas komitmen pengadaan peralatan utama masing- masing sebesar Rp3.060.359 dan Rp29.063.919. Biaya pinjaman terdiri dari biaya bunga dan amortisasi biaya transaksi atas pinjaman bank. Tingkat kapitalisasi rata-rata adalah 10,70 dan 12,46 pada 31 Maret 2016 dan 31 Desember 2015. For the year ended March 31, 2016 and December 31, 2015, the construction costs of cement and power plants include capitalized borrowing costs of Rp322,795,613 and Rp314,453,660, respectively, and foreign currency exchange differences arose from hedging commitments for the procurement of main equipment of Rp3.060,359 and Rp29,063,919, respectively. Borrowing costs consist of interest expense and amortization of transaction costs on bank loans. The average capitalization rates were 10.70 and 12.46 in March 31, 2016 and December 31, 2015. Penambahan aset tetap yang berasal dari transaksi nonkas aktivitas investasi dan pendanaan untuk periode yang berakhir pada tanggal 31 Maret 2016 dan 31 Desember 2015 masing-masing adalah sebagai berikut: Addition of fixed assets from a non-cash transactions in investing and financing activities for period ended March 31, 2016 and December 31, 2015, are as follows: • Aset sewa pembiayaan masing-masing sebesar Rp22.298.860 dan Rp83.917.837. • Assets under finance leases of Rp22,298,860 and Rp83,917,837, respectively.