KEPENTINGAN NON-PENGENDALI NON-CONTROLLING INTERESTS

PT Semen Indonesia Persero Tbk. 528 PT SEMEN INDONESIA PERSERO Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN TANGGAL 31 DESEMBER 2016 DAN 2015 DAN UNTUK TAHUN-TAHUN YANG BERAKHIR PADA TANGGAL 31 DESEMBER 2016 DAN 2015 Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain Lanjutan PT SEMEN INDONESIA PERSERO Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2016 AND 2015 AND FOR THE YEARS ENDED DECEMBER 31, 2016 AND 2015 Expressed in thousands of Rupiah, unless otherwise stated Continued 34. BEBAN PENJUALAN

34. SELLING EXPENSES

2016 2015 Ongkos angkut dan bongkar 2.194.813.107 2.077.573.947 Transportation and handling Promosi 265.467.816 323.395.359 Promotion Gaji, upah dan manfaat 174.757.909 186.502.763 Salaries, w ages and benefits Perjalanan dinas 18.843.770 17.179.537 Business trips Pemeliharaan 12.832.322 8.760.589 Maintenance Penyusutan dan amortisasi 9.060.330 7.230.645 Depreciation and amortization Penelitian, pengembangan Research, development and jasa profesional 2.805.244 1.303.509 Professional fees Lain-lain masing-masing di baw ah Rp1.000.000 40.792.481 36.790.443 Others each below Rp1,000,000 Jumlah 2.719.372.979 2.658.736.792 Total 35. BEBAN UMUM DAN ADMINISTRASI 35. GENERAL AND ADMINISTRATION EXPENSES 2016 2015 Salaries, w ages, employee Gaji, upah, kesejahteraan w elfare and Directors dan bonus Direksi 1.061.095.093 1.131.438.046 Commissioners Program kemitraan Partnership program bina lingkungan 186.815.155 136.395.321 community development Keperluan kantor 155.992.883 147.600.105 Office supplies Penyusutan dan amortisasi 152.569.158 123.093.950 Depreciation and amortization Pajak, asuransi, dan sew a 137.266.469 101.204.702 Taxes, insurance and rental Pemeliharaan 123.411.712 112.436.563 Maintenance Jasa profesional 81.935.827 75.932.076 Professional fees Promosi dan jamuan 74.984.717 73.965.721 Promotion and entertainment Perjalanan dinas 72.728.841 63.940.145 Business trips Pemakaian bahan, listrik, air Supplies, electricity, w ater dan telepon 44.166.294 43.850.433 and telephone Pendidikan, latihan dan Education, training and pengembangan 31.929.262 45.274.426 development Penurunan nilai piutang Impairment loss of Catatan 7 dan 8 21.032.045 10.452.922 receivables Notes 7 and 8 Lain-lain 19.157.464 22.300.934 Others Jumlah 2.163.084.920 2.087.885.344 Total

36. PENGHASILAN BEBAN OPERASI LAINNYA – BERSIH

36. OTHER OPERATING INCOME EXPENSES - NET

2016 2015 Penyesuaian nilai w ajar Fair value adjustment arising akuisisi bertahap Catatan 48 127.280.545 - from step acquisiton Note 48 Penghasilan penanganan limbah 80.830.849 - Income from w aste treatment Sew a 15.341.806 41.218.784 Rental Laba penjualan aset tetap Catatan 15 9.789.746 26.644 Gain on sale of fixed assets Note 15 Penjualan barang usang 7.617.076 2.268.174 Sales of scrap materials Klaim dan denda 6.553.236 8.765.956 Claims and penalties Kerugian selisih kurs 17.719.951 11.494.089 Foreign exchange loss Lain-lain masing-masing di baw ah Rp1.000.000 24.005.445 5.372.024 Others each below Rp1,000,000 Jumlah 253.698.752 46.157.493 Total Laporan Keuangan 2016 529 PT SEMEN INDONESIA PERSERO Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN TANGGAL 31 DESEMBER 2016 DAN 2015 DAN UNTUK TAHUN-TAHUN YANG BERAKHIR PADA TANGGAL 31 DESEMBER 2016 DAN 2015 Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain Lanjutan PT SEMEN INDONESIA PERSERO Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2016 AND 2015 AND FOR THE YEARS ENDED DECEMBER 31, 2016 AND 2015 Expressed in thousands of Rupiah, unless otherwise stated Continued 37. PENDAPATAN KEUANGAN DAN BEBAN KEUANGAN 37. FINANCE INCOME AND FINANCE COSTS a. Penghasilan keuangan a. Finance income 2016 2015 Deposito berjangka 157.597.988 213.418.812 Time deposits Rekening giro 16.058.025 17.172.696 Current accounts Reksadana - 4.180.412 Mutual fund Lain-lain masing-masing di baw ah Rp1.000.000 10.116.787 6.303.837 Others each below Rp1,000,000 Jumlah 183.772.800 241.075.757 Total b. Beban keuangan b. Finance costs 2016 2015 Kredit investasi 284.204.314 311.910.399 Investment loans Sew a pembiayaan 39.251.245 20.227.034 Financial lease Kredit modal kerja 24.033.333 15.407.639 Working capital loans Biaya pembongkaran aset tetap Dismantling costs of fixed assets Catatan 27 13.223.950 10.489.119 Note 27 Lain-lain masing-masing di baw ah Rp1.000.000 2.780.442 11.970.526 Others each below Rp1,000,000 Jumlah 363.493.284 370.004.717 Total 38. PENGHASILAN KOMPREHENSIF LAINNYA 38. OTHER COMPREHENSIVE INCOME 2016 2015 Net changes in fair value of Perubahan neto nilai w ajar surat available-for-sale marketable berharga tersedia untuk dijual securities Keuntungan periode berjalan - 4.672.863 Gain arising during the period Dikurangi: Less: Penyesuaian reklasifikasi atas Reclassification adjustments on keuntungan yang diakui gain recognised on dalam laba rugi - 4.180.412 profit and loss - 492.451 Mutasi neto lindung nilai arus kas Net movement on cash flow hedges Kerugian periode berjalan 1.762.342 1.101.102 Loss arising during the period Dikurangi: Less: Penyesuaian reklasifikasi atas Reclassification adjustments on kerugian yang diakui loss recognised on dalam aset tetap 2.920.245 - fixed assets 1.157.903 1.101.102 Keuntungan kerugian aktuarial Unrealized gain loss on defined program pensiun manfaat pasti 42.796.098 83.486.981 benefit pension plans Dikurangi: Less: Pajak penghasilan terkait 10.840.615 22.485.951 Income tax related 31.955.483 61.001.030 Selisih kurs penjabaran laporan Exchange difference due to translation keuangan of financial statements Translation of subsidiarys financial Penjabaran laporan entitas anak 135.895.379 198.332.979 statements Pendapatan komprehensif lain Other comprehensive income tahun berjalan, setelah pajak 166.692.959 136.723.298 during the year, net of tax PT Semen Indonesia Persero Tbk. 530 PT SEMEN INDONESIA PERSERO Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN TANGGAL 31 DESEMBER 2016 DAN 2015 DAN UNTUK TAHUN-TAHUN YANG BERAKHIR PADA TANGGAL 31 DESEMBER 2016 DAN 2015 Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain Lanjutan PT SEMEN INDONESIA PERSERO Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2016 AND 2015 AND FOR THE YEARS ENDED DECEMBER 31, 2016 AND 2015 Expressed in thousands of Rupiah, unless otherwise stated Continued Sepanjang tahun 2016 dan 2015, Entitas Anak SG melakukan lindung nilai arus kas melalui instrumen derivatif forward contract dengan tujuan mengurangi resiko pergerakan kurs spot atas komitmen pasti pembelian peralatan. Entitas Anak SG dan SP juga melakukan lindung nilai non-derivatif menggunakan giro dalam mata uang EUR, dimana selisih kurs yang timbul dari translasi EUR diakui didalam penghasilan komprehensif lain selama lindung nilai tersebut efektif. During 2016 and 2015, a Subsidiary SG entered into a forward contract cash flow hedge derivative instruments with purpose to reduce the risk of spot rate fluctuation on firm commitments for the procurement of main equipment. The Subsidiaries SG and SP also entered into non-derivative hedge using EUR current account, to which the difference resulting from translation of EUR account, is recorded in other comprehensive income only if the hedging effectiveness is met. Sehubungan dengan pembayaran atas pembelian peralatan dimana transaksi lindung nilai yang dilakukan telah secara efektif saling hapus perubahan arus kas yang diatribusikan terhadap risiko yang dilindung nilai, perubahan nilai wajar yang diakui dalam penghasilan komprehensif lain direklasifikasi ke nilai peralatan yang di lindung nilai Catatan 15. In connection with the payment for purchase of main equipment where the hedging transaction undertaken has effectively offset the change in cash flow attributable to the risk being hedged, the changes in fair value recognized in other comprehensive income are reclassified to the value of the hedged item Note 15. Pada tanggal 31 Desember 2016 dan 2015, perubahan nilai wajar lindung nilai arus kas yang masih belum terealisasi, dicatat dalam penghasilan komprehensif lain masing-masing sebagai penghasilan dan beban sebesar Rp1.157.903 dan Rp1.101.102. As of December 31, 2016 and 2015, unrealized change in fair value of cash flow hedge recognized in other comprehensive income as income and expense amounting to Rp1,157,903 and Rp1,101,102, respectively. 39. PAJAK PENGHASILAN 39. INCOME TAX Beban pajak Grup terdiri dari: Tax expense of the Group consists of the following: 2016 2015 Perseroan The Com pany Kini 633.773.899 836.669.379 Current Tangguhan 715.176.133 12.097.068 Deferred Pajak atas revaluasi aset tetap 218.859.349 - Tax on fixed assets revaluation 137.457.115 824.572.311 Entitas anak Subsidiaries Kini 511.163.437 462.185.073 Current Tangguhan 122.312.841 38.725.075 Deferred Pajak atas revaluasi aset tetap 23.277.009 - Tax on fixed assets revaluation 412.127.605 500.910.148 Konsolidasian Consolidated Kini 1.144.937.336 1.298.854.452 Current Tangguhan 837.488.974 - Deferred Pajak atas revaluasi aset tetap 242.136.358 26.628.007 Tax on fixed assets revaluation 549.584.720 1.325.482.459 Perseroan telah memenuhi persyaratan memperoleh penurunan tarif PPh Badan sebesar 5 masing- masing untuk tahun fiskal 2016 dan 2015 berdasarkan Peraturan Pemerintah Nomor 81 Tahun 2007. The Company met the requirements for reduction of income tax rate by 5 for fiscal years 2016 and 2015, in accordance with the Government Regulation No. 81 Year 2007. Laporan Keuangan 2016 531 PT SEMEN INDONESIA PERSERO Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN TANGGAL 31 DESEMBER 2016 DAN 2015 DAN UNTUK TAHUN-TAHUN YANG BERAKHIR PADA TANGGAL 31 DESEMBER 2016 DAN 2015 Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain Lanjutan PT SEMEN INDONESIA PERSERO Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2016 AND 2015 AND FOR THE YEARS ENDED DECEMBER 31, 2016 AND 2015 Expressed in thousands of Rupiah, unless otherwise stated Continued Rekonsiliasi antara laba sebelum pajak penghasilan yang ditunjukkan dalam laporan laba rugi dan penghasilan komprehensif lain konsolidasian dengan taksiran laba kena pajak dan beban pajak kini untuk periode yang berakhir pada tanggal 31 Desember 2016 dan 2015 adalah sebagai berikut: The reconciliation between profit before income tax as shown in the consolidated statements of profit or loss and other comprehensive income and estimated taxable income and current tax expense for the period ended December 31, 2016 and 2015 are as follows: 2016 2015 Laba konsolidasian sebelum Consolidated prof it bef ore beban pajak penghasilan 5.084.621.543 5.850.923.497 income tax Laba entitas anak sebelum Subsidiaries’ prof it bef ore beban pajak penghasilan 1.806.941.723 1.728.819.862 income tax Bagian atas laba bersih entitas Share in net prof its asosiasi 37.228.726 34.320.727 of associates Disesuaikan dengan jurnal Adjusted f or consolidation eliminasi konsolidasi 25.884.693 107.246.321 eliminations Laba sebelum pajak penghasilan Income bef ore income tax - Perseroan 3.266.335.787 4.195.029.229 the Company Perbedaan permanen: Permanent dif f erences: Dif f erences between Perbedaan nilai buku f iskal dan f iscal and commercial komersial atas aset tetap 19.846.387 24.084.224 net carry ing amount of f ixed assets Kesejahteraan kary awan 47.670.806 35.919.409 Employ ee welf are Peny isihan promosi Prov ision f or sales promotion peningkatan penjualan 75.654.224 3.962.981 expense Denda pajak 1.475.340 53.420 Tax Penalties Pendapatan y ang telah dikenakan Income subject to f inal tax, pajak penghasilan f inal 143.563.599 257.648.912 recorded on a net of tax basis Lain-lain 7.302.041 161.322.860 Others 8.385.199 80.474.466 Perbedaan temporer: Temporary dif f erences: Perbedaan nilai buku f iskal dan Fiscal and commercial komersial atas aset tetap, net carry ing amounts of f ixed beban tangguhan, dan assets, def erred charges, and aset tak berwujud 64.661.976 135.498.195 intangible assets Aset sewa pembiay aan 1.311.732 6.127.192 Leased assets Liabilitas imbalan kerja 29.217.824 50.121.869 Employ ee benef its liabilities Cadangan persediaan usang Allowance f or obsolete and dan bergerak lambat 4.717.071 3.832.788 slow mov ing inv entories Allowance f or impairment of Cadangan penurunan nilai piutang 1.531.160 5.678.086 receiv able Tunjangan produktiv itas dan uang jasa 51.495.929 83.410.259 Productiv ity allowances and incentiv es Peny isihan lainny a 20.785.591 55.120.135 Other prov isions 105.851.493 68.792.134 Laba kena pajak - Perseroan 3.168.869.493 4.183.346.897 Taxable income - the Company Beban pajak penghasilan Income tax expense Perseroan - kini 633.773.899 836.669.379 the Company - current Beban pajak penghasilan Income tax expense entitas anak - kini 511.163.437 462.185.073 the Subsidiaries - current 1.144.937.336 1.298.854.452 Perhitungan beban dan utang pajak kini Perseroan adalah sebagai berikut: Current tax expense and payable of the Company are computed as follows: 2016 2015 Beban pajak kini 633.773.899 836.669.379 Current tax expense Dikurangi pembayaran pajak dimuka 780.674.789 815.379.839 Less prepaid taxes Utang pajak pajak dibayar dim uka Taxes Payable Prepaid Taxes Catatan 12 dan 25 146.900.890 21.289.540 Notes 12 dan 25 PT Semen Indonesia Persero Tbk. 532 PT SEMEN INDONESIA PERSERO Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN TANGGAL 31 DESEMBER 2016 DAN 2015 DAN UNTUK TAHUN-TAHUN YANG BERAKHIR PADA TANGGAL 31 DESEMBER 2016 DAN 2015 Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain Lanjutan PT SEMEN INDONESIA PERSERO Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2016 AND 2015 AND FOR THE YEARS ENDED DECEMBER 31, 2016 AND 2015 Expressed in thousands of Rupiah, unless otherwise stated Continued Laba fiskal tahun 2016 menjadi dasar dalam pengisian Surat Pemberitahuan Pajak SPT tahunan PPh Badan 2016. The taxable income for 2016 will be the basis in the preparation of the 2016 annual Corporate Tax Returns SPT. Laba fiskal dan beban pajak penghasilan kini Perseroan tahun 2015 telah sesuai dengan Surat Pemberitahuan Pajak SPT yang disampaikan ke Kantor Pelayanan Pajak. Berdasarkan SPT Tahun 2015, Perseroan memiliki lebih bayar pajak penghasilan badan sebesar Rp34.091.982 dan disajikan secara neto dengan utang pajak sebesar Rp55.381.522. Pada tahun 2016, Perseroan membayar utang pajak sebesar Rp55.381.522, sehingga menghasilkan pajak dibayar di muka sebesar Rp34.091.982 Catatan 12. Taxable income and current tax expense of the Company for 2015 are in accordance with the Corporate Tax Returns SPT submitted to the Tax Service Office. Based on the SPT for year 2015, the Company has overpayment of corporate income tax amounting to Rp34,091,983 which was presented net to the taxes payable amounting to Rp55,381,522. In 2016, the Company paid the taxes payable amounting to Rp55,381,522, thus resulting to prepaid tax of Rp34,091,982 in 2016 Note 12 Pajak Tangguhan Deferred Tax Dikreditkan dibebankan ke penghasilan Dikreditkan komprehensif dibebankan lain ke laporan Credited laba rugi charged to Akuisisi 1 Januari Credited other entitas anak 31 Desember January 1, charged to comprehensive Acquisition of December 31, 2016 profit or loss income subsidiaries 2016 Aset pajak tangguhan - neto Deferred tax asset - net Perseroan The Company Aset tetap 163.111.713 20.916.461 - - 184.028.174 Fixed assets Selisih nilai buku aset tetap Dif f erence in net book v alue of karena rev aluasi aktiv a tetap f ixed asset due to rev aluation untuk tujuan perpajakan - 736.346.431 736.346.431 of f ixed assets f or tax purposes Aset sewa pembiay aan 2.755.243 262.346 - - 2.492.897 Leased assets Nilai wajar aset atas Fair v alue assets akuisisi entitas anak - - - 93.916.638 93.916.638 of acquisition subsidiary Beban tangguhan dan Def erred charges and intangible aset takberwujud 7.728.976 7.984.066 - - 255.090 assets Liabilitas imbalan kerja 29.916.306 5.843.565 566.362 - 35.193.509 Employ ee benef its liabilities Cadangan persediaan usang dan Allowance f or obsolete and slow bergerak lambat 13.899.652 943.414 - - 14.843.066 mov ing inv entories Cadangan penurunan nilai piutang 2.692.638 306.232 - - 2.386.406 Allowance f or impairment of receiv ables Tunjangan produktiv itas Productiv ity allowances and dan uang jasa 74.606.414 10.299.186 - - 64.307.228 and incentiv e compensation Peny isihan lain-lain 42.489.679 4.157.118 - - 38.332.561 Other prov isions Jumlah 4.480.757 715.176.133 566.362 93.916.638 616.212.376 Subtotal Entitas anak Subsidiaries Aset tetap 65.025.316 13.734.855 - 2.950.896 75.809.275 Fixed assets Selisih nilai buku aset tetap Dif f erence in net book v alue of karena rev aluasi aktiv a tetap f ixed asset due to rev aluation untuk tujuan perpajakan - 15.350.275 15.350.275 of f ixed assets f or tax purposes Aset sewa pembiay aan 412.137 393.447 - 142.212 947.796 Leased assets Cadangan penurunan nilai piutang 4.242.884 2.459.534 - 1.496.126 8.198.544 Allowance f or impairment of receiv ables Liabilitas imbalan kerja 75.772.531 9.562.930 1.672.991 7.462.565 94.471.017 Employ ee benef its liabilities Cadangan persediaan usang dan Allowance f or obsolete and slow bergerak lambat 6.470.151 762.336 - 7.539 7.240.026 mov ing inv entories Tunjangan produktiv itas Productiv ity allowances and dan uang jasa 54.398.887 3.445.463 - 867.286 58.711.636 incentiv e compensation Cadangan biay a bongkar 6.203.181 452.033 - - 6.655.214 Allowance f or dismantle cost Akumulasi rugi f iskal 6.483.053 13.178.372 - 411.021 20.072.446 Accumulated f iscal loss Peny isihan lain-lain 2.134.689 190.751 - 12.420 2.337.860 Other prov isions Jumlah 90.267.923 31.273.392 1.672.991 13.065.641 136.279.947 Subtotal Jumlah aset pajak tangguhan - neto 85.787.166 746.449.525 1.106.629 80.850.997 752.492.323 Total def erred tax assets - net Liabilitas pajak tangguhan - neto Deferred tax liabilities - net Entitas anak Subsidiaries Aset tetap 219.678.292 47.196.761 - 30.033.927 296.908.980 Fixed assets Selisih nilai buku aset tetap Dif f erence in net book v alue of karena rev aluasi aktiv a tetap f ixed asset due to rev aluation untuk tujuan perpajakan - 112.703.815 - - 112.703.815 of f ixed assets f or tax purposes Nilai wajar aset atas Fair v alue assets akuisisi entitas anak - 1.839.638 - 24.794.624 22.954.986 of acquisition subsidiary Aset sewa pembiay aan 1.092.224 4.196.551 - 472.616 2.631.711 Leased assets Liabilitas imbalan kerja 53.308.935 3.867.825 9.733.986 8.929.455 75.840.201 Employ ee benef its liabilities Cadangan persediaan usang dan Allowance f or obsolete and slow bergerak lambat 5.429.789 190.544 - 360.546 5.980.879 mov ing inv entories Cadangan penurunan nilai piutang 9.518.695 376.763 - 6.195.128 15.337.060 Allowance f or impairment of receiv ables Tunjangan produktiv itas Productiv ity allowances and dan uang jasa 43.148.236 5.527.580 - 2.842.982 51.518.798 incentiv e compensation Akumulasi rugi f iskal - 14.540.287 14.540.287 Fiscal loss carry f orward Peny isihan lain-lain 3.758.440 4.139.835 - 25.482 7.923.757 Other prov isions Jumlah liabilitas pajak tangguhan - neto 103.421.973 91.039.449 9.733.986 36.002.342 38.650.880 Total def erred tax liabilites - net Manf aat pajak tangguhan - neto 837.488.974 10.840.615 Def erred tax income - net