PIUTANG USAHA TRADE RECEIVABLES

Assuring the Move Into Next Level 473 Corporate Governance Implementation Report Corporate Social Responsibility Report Corporate Data Management Discussion and Analysis Financial Statements PT SEMEN INDONESIA PERSERO Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2014 AND 2013 Expressed in thousands of Rupiah, unless otherwise stated Continued - 58 - 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: 2014 2013 Saldo awal 70.142.933 58.413.017 Beginning balance Penambahan 2.397.826 11.729.916 Addition Saldo akhir 72.540.759 70.142.933 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: 2014 2013 Lewat jatuh tempo: Overdue: 1 - 45 hari 2.130.921 1.205.978 1 - 45 days 46 - 135 hari 1.253.911 - 46 - 135 days 136 - 365 hari 1.572.322 5.440.466 136 - 365 days Lebih dari 365 hari 67.583.605 63.496.489 Over 365 days Jumlah 72.540.759 70.142.933 Total Umur piutang usaha yang telah lewat jatuh tempo tetapi belum diturunkan nilainya: Age of past due but not impaired trade receivables: 2014 2013 Lewat jatuh tempo: Overdue: 1 - 45 hari 263.307.194 203.962.687 1 - 45 days 46 - 135 hari 62.400.029 24.458.047 46 - 135 days 136 - 365 hari 19.796.913 31.770.800 136 - 365 days Lebih dari 365 hari 22.996.762 25.922.650 Over 365 days Jumlah 368.500.898 286.114.184 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. Assuring the Move Into Next Level 474 Business Development Report Management Reports Company Information Information For Investors Operational Review PT SEMEN INDONESIA PERSERO Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER 2014 DAN 2013 Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain Lanjutan PT SEMEN INDONESIA PERSERO Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2014 AND 2013 Expressed in thousands of Rupiah, unless otherwise stated Continued - 60 - 9. PERSEDIAAN 9. INVENTORIES 2014 2013 Suku cadang 1.163.503.845 1.046.703.655 Spare parts Bahan baku dan penolong 831.518.754 969.886.176 Raw and indirect materials Barang dalam proses 537.981.100 401.604.818 Work in process Barang jadi 242.247.369 249.772.840 Finished goods Barang dalam perjalanan 131.958.926 59.765.639 Goods in transit Tanah - 1.893.338 Land 2.907.209.994 2.729.626.466 Dikurangi: Less: Cadangan persediaan usang Allowance for obsolete dan bergerak lambat 95.505.589 83.733.949 and slow moving inventories Jumlah 2.811.704.405 2.645.892.517 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: 2014 2013 Saldo awal 83.733.949 70.253.573 Beginning balance Penambahan 11.771.640 13.480.376 Additions Saldo akhir 95.505.589 83.733.949 Ending balance Pada tanggal 31 Desember 2014 dan 2013, persediaan tertentu dijadikan jaminan atas pinjaman tertentu. As at December 31, 2014 and 2013, certain inventories are pledged as collateral for borrowings. Pada tanggal 31 Desember 2014, persediaan Grup, kecuali persediaan tanah, telah diasuransikan terhadap resiko kerugian yang disebabkan oleh bencana alam, kebakaran, dan risiko kerugian lainnya dengan nilai pertanggungan sebesar Rp1.777.158.954. As at December 31, 2014, inventories of the Group, except for land, are covered by insurance against the risk of loss due to natural disaster, fire, and other risks with a total coverage of Rp1,777,158,954. Pada tanggal 31 Desember 2013, persediaan Grup, kecuali persediaan tanah, telah diasuransikan terhadap resiko kerugian yang disebabkan oleh bencana alam, kebakaran, dan risiko kerugian lainnya dengan nilai pertanggungan masing-masing sebesar Rp1.150.914.294 tidak termasuk ST yang mengasuransikan persediaan dan aset tetapnya, kecuali tanah, dengan nilai pertanggungan sebesar Rp7.840.254.359. As at December 31, 2013, inventories of the Group, except for land, are covered by insurance against the risk of loss due to natural disaster, fire, and other risks with a total coverage of Rp1,150,914,294 excluding ST which insured its inventories and fixed assets with a total coverage of Rp7,840,254,359.