MANAGEMENT’S USE OF JUDGMENTS, ESTIMATES AND ASSUMPTIONS continued

The original consolidated financial statements included herein are in Indonesian language. PT MNC LAND Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN lanjutan Untuk tahun yang berakhir pada 31 Desember 2015 Dan 2014 Disajikan dalam Rupiah, kecuali dinyatakan lain PT MNC LAND Tbk AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued For The Years Ended December 31, 2015 And 2014 Expressed in Rupiah, unless otherwise stated 65 8. PERSEDIAAN lanjutan 8. INVENTORIES continued Persediaan - Aset Real Estat lanjutan Inventories - Real Estate Assets continued Berdasarkan hasil penelaahan terhadap keadaan persediaan aset real estat pada akhir tahun, manajemen berkeyakinan bahwa tidak perlu dilakukan penurunan nilai persediaan aset real estat. Based on a review of the condition of inventories real estate assets at the end of the year, management believes no impairment for losses is necessary. Persediaan aset real estat dijaminkan untuk utang jangka panjang - utang bank Catatan 22. Inventories real estate assets are collaterized for long-term liabilities - bank loan Note 22. Persediaan aset real estat diasuransikan bersama dengan aset tetap Catatan 13. Inventories real estate assets were insured along with fixed assets Note13. 9. UANG MUKA DAN BIAYA DIBAYAR DI MUKA 9. ADVANCES AND PREPAID EXPENSES Akun ini terdiri dari: This account consists of: 2015 2014 Uang muka Advances Karyawan 4.306.307.873 3.354.182.475 Employees Hak guna bangunan 9.241.240.796 2.645.788.004 Land right Pembelian aset tetap - 415.950.054 Purchase of fixed assets Lain-lain 2.228.674.545 225.786.768 Others Biaya dibayar di muka Prepaid expenses Asuransi 1.540.232.655 3.404.807.731 Insurance Sewa 894.857.460 1.147.174.189 Rent Lain-lain 3.555.116.885 5.445.528.857 Others Total 21.766.430.214 16.639.218.078 Total

10. UANG MUKA PROYEK DAN PEMBELIAN TANAH

10. ADVANCES FOR PROJECT AND PURCHASE OF LAND

Akun ini terdiri dari: This account consists of: 2015 2014 Uang muka pembelian tanah 354.740.395.057 297.260.318.200 Advance for purchase of land Uang muka proyek Catatan 39s, 39u 49.324.067.125 - Advance for project Notes 39s, 39u Total 404.064.462.182 297.260.318.200 Total Akun uang muka pembelian tanah merupakan uang muka pembelian tanah yang berlokasi di Kebon Sirih, Jakarta Pusat milik Perusahaan dan Sukabumi, Jawa Barat milik LNP dan SCS, entitas anak. Advance for purchase of land account represents advance payment for purchase of land located in Kebon Sirih, Central Jakarta under the Company and Sukabumi, West Java under LNP and SCS, subsidiaries. The original consolidated financial statements included herein are in Indonesian language. PT MNC LAND Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN lanjutan Untuk tahun yang berakhir pada 31 Desember 2015 Dan 2014 Disajikan dalam Rupiah, kecuali dinyatakan lain PT MNC LAND Tbk AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued For The Years Ended December 31, 2015 And 2014 Expressed in Rupiah, unless otherwise stated 66 11. INVESTASI PADA ENTITAS ASOSIASI 11. INVESTMENTS IN ASSOCIATES Rincian investasi pada entitas asosiasi adalah sebagai berikut: The details of investments in associates are as follows: Persentase Kepemilikan Percentage of Ownership Nilai TercatatCarrying Value Tempat 2014 Perusahaan Kedudukan Jenis Usaha Disajikan kembali Company Domicile Principal Activities 2015 2014 2015 As restated Properti, Pusat Perbelanjaan, Hotel dan Apartemen PT Plaza Property, Shopping Indonesia Mall, Hotel and Realty Tbk Jakarta Apartment 25,71 25,71 1.159.095.835.061 1.150.730.953.332 PT Aston Inti Makmur Jakarta Properti Property - 50,00 - 108.341.179.909 Total 1.159.095.835.061 1.259.072.133.241 Mutasi investasi saham yang dipertanggung jawabkan dengan metode ekuitas adalah sebagai berikut: Changes in investments in associates under the equity method are as follows: Pendapatan Saldo awal Penambahan Bagian laba Dividen komprehensif Saldo akhir 1 Januari 2015 pengurangan bersih yang diterima lainnya Other 31 Desember 2015 Beginning balance Addition Equity in Dividends comprehensive Ending balance January 1, 2015 deduction net income received income December 31, 2015 PT Plaza Indonesia Realty Tbk 1.150.730.953.332 - 69.993.755.001 63.900.161.000 2.271.287.728 1.159.095.835.061 PT Aston Inti Makmur 108.341.179.909 110.017.162.481 1.675.982.572 - - - Total 1.259.072.133.241 110.017.162.481 71.669.737.573 63.900.161.000 2.271.287.728 1.159.095.835.061 Saldo awal Bagian laba Saldo akhir 1 Januari 2014 bersih Pendapatan 31 Desember 2014 disajikan kembali Penambahan disajikan kembali Dividen komprehensif disajikan kembali Beginning balance pengurangan Equity in yang diterima lainnya Other Ending balance January 1, 2014 Addition net income Dividends comprehensive December 31, 2014 as restated deduction as restated received income as restated PT Plaza Indonesia Realty Tbk 1.067.686.930.278 30.764.608.976 91.419.254.460 38.796.516.500 343.323.882 1.150.730.953.332 PT Aston Inti Makmur 100.589.779.057 - 7.751.400.852 - - 108.341.179.909 Total 1.168.276.709.335 30.764.608.976 99.170.655.312 38.796.516.500 343.323.882 1.259.072.133.241 Nilai wajar investasi pada PLIN sebesar Rp3.651.439.200.000 dan Rp2.104.141.839.000 untuk kepemilikan 912.859.800 lembar saham masing-masing pada tanggal 31 Desember 2015 dan 2014. The fair value of the investment in PLIN amounting to Rp3,651,439,200,000 and Rp2,104,141,839,000 for ownership of 912,859,800 shares as of December 31, 2015 and 2014, respectively.