INTANGIBLE ASSETS UANG MUKA INVESTASI ADVANCES FOR INVESTMENT

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 - 77 - 19. ASET LAIN-LAIN

19. OTHER ASSETS 31 Maret

31 Desember March 31, December 31, 2016 2015 Unaudited Audited Uang muka pembelian tanah 213.715.849 224.143.602 Advance for purchase of land Aset reklamasi tambang 40.749.485 59.943.061 Reclamation asset Piutang jangka panjang 20.236.667 42.591.128 Long-term receivables Jaminan 18.835.883 18.295.152 Security deposits Uang muka sewa 6.325.528 - Advances rental Lainnya 52.910.493 15.135.614 Others Jumlah 352.773.905 360.108.557 Total Uang muka pembelian tanah adalah pembelian tanah oleh entitas anak KIG seluas 2.723.316 meter persegi yang berlokasi di Tuban, Gresik dan Rembang dengan tujuan untuk dijual di masa yang akan datang. Advance for purchase of land consists of purchase of 2,723,316 square meter land by subsidiary KIG located in Tuban, Gresik and Rembang which are intended to be sold in the future. 20. PINJAMAN 20. BORROWINGS

a. Jangka pendek

a. Short-term 31 Maret

31 Desember March 31, December 31, 2016 2015 Unaudited Audited Rupiah Rupiah Pihak ketiga: Third parties: Indonesia Eximbank 130.098.763 134.704.585 Indonesia Eximbank Jumlah 130.098.763 134.704.585 Subtotal Pihak berelasi: Related parties: PT Bank Negara Indonesia PT Bank Negara Indonesia Persero Tbk 600.000 - Persero Tbk Jumlah 600.000 - Subtotal Jumlah 130.698.763 134.704.585 Total Dong Vietnam Vietnamese Dong Pihak berelasi: Related parties: Sapa Vietnam JSC 3.758.356 3.898.983 Sapa Vietnam JSC Jumlah 3.758.356 3.898.983 Subtotal Jumlah 134.457.119 138.603.568 Total 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 - 78 - PT Bank Negara Indonesia Persero Tbk PT Bank Negara Indonesia Persero Tbk 1. Perseroan 1. The Company Pada 17 April 2012, Perseroan menandatangani perjanjian pemberian fasilitas pembukaan Letter of Credit LC dengan PT Bank Negara Indonesia Persero Tbk dengan maksimum fasilitas sebesar USD25.000.000. Berdasarkan surat persetujuan perubahan perjanjian tanggal 23 April 2014, fasilitas ini diperpanjang sampai dengan tanggal 16 April 2017. Perseroan dikenakan bunga sebagaimana yang diatur di dalam perjanjian. On April 17, 2012, the Company entered into an agreement for supply and management for Letter of Credit LC with PT Bank Negara Indonesia Persero Tbk for a maximum facility of USD25,000,000. On April 23, 2014, the facilities have been extended up to April 16, 2017. The Company is charged an interest as stipulated in the agreement. Pada tanggal 31 Maret 2016 dan 31 Desember 2015, nilai LC yang telah diterbitkan dan masih berjalan berdasarkan fasilitas ini adalah masing-masing EURNihil, dan EUR1.438.114. Tidak terdapat fasilitas LC yang telah jatuh tempo dan masih belum dibayar pada tanggal 31 Maret 2016 dan 31 Desember 2015. As at March 31, 2016 and December 31, 2015, the outstanding LC amounts under this facility were EURNil, and EUR1,438,114, respectively. There are no amounts under this facility which are due and unpaid as of March 31, 2016 and December 31, 2015. Fasilitas ini mensyaratkan Perseroan untuk memelihara rasio keuangan tertentu dan kewajiban untuk melapor antara lain jika adanya perubahan modal dan susunan pengurus, melakukan investasi saham baru, memperoleh fasilitas kredit danatau pinjaman dari pihak lain dan melakukan pembayaran dividen. Pada tanggal 31 Maret 2016 dan 31 Desember 2015, Perseroan telah memenuhi semua rasio keuangan yang dipersyaratkan. These facilities require the Company to maintain certain financial ratios and require the Company to report the changes in share capital and management structure, any new investment in shares, new loan facility andor borrowing and dividends payment. As of March 31, 2016 and December 31, 2015, the Company is in compliance with all of the financial covenants. Pada tanggal 17 April 2012, Perseroan menandatangani perjanjian fasilitas valuta asing dengan PT Bank Negara Indonesia Persero Tbk dengan nilai fasilitas maksimum sebesar setara USD10.000.000. Fasilitas memiliki jangka waktu sampai dengan 16 April 2013 dan telah diperpanjang sampai dengan tanggal 16 April 2017. Pada tanggal 31 Maret 2016 dan 31 Desember 2015, fasilitas ini belum digunakan. On April 17, 2012, the Company entered into a forex line facility agreement PT Bank Negara Indonesia Persero Tbk for a maximum facility amount of USD10,000,000. The facility is due on April 16, 2013 and has been extended up to April 16, 2017. As of March 31, 2016 and December 31, 2015, the Company did not use this facility.