INVESTMENT PROPERTIES FinRpt TW2 SMGR SMGR LKTT Juni 2015

AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED JUNE 30, 2015 AND 2014 Expressed in thousands of Rupiah, unless otherwise stated Continued - 63 - 15. ASET TETAP

15. FIXED ASSETS

31 Desember 30 Juni December 31, Selisih kurs June 30, 2014 Penambahan Pengurangan Reklasifikasi Foreign 2015 Unaudited Additions Deductions Reclassifications exchange Unaudited Biaya perolehan: Acquisition cost: Pemilikan Langsung Direct Ownership Tanah 228.355.778 - - - - 228.355.778 Land Tanah pertambangan 189.538.925 - - - - 189.538.925 Mining properties Bangunan, jalan, jembatan Buildings, roads, bridges dan pelabuhan 6.780.274.518 23.790.569 4.191.584 208.358.339 45.450.545 7.053.682.387 and harbors Mesin-mesin 18.135.300.237 137.280.762 16.395.147 389.027.089 87.271.370 18.732.484.311 Machinery Heavy equipment and Alat-alat berat dan kendaraan 978.626.174 14.694.150 457.228 4.746.134 511.075 988.628.037 vehicles Perlengkapan dan peralatan Furniture and office kantor 553.301.847 9.022.566 - 4.869.339 103.133 567.296.885 equipment Aset dalam penyelesaian: Construction in progress: Tanah 551.417.768 121.125.480 - - - 672.543.248 Land Bangunan, jalan, jembatan Buildings, roads, bridges dan pelabuhan 635.474.118 292.370.006 14.126.969 148.313.834 4.060.027 769.463.348 and harbors Mesin-mesin 1.495.470.058 1.131.948.954 - 408.358.162 - 2.219.060.850 Machinery Heavy equipment and Alat-alat berat dan kendaraan 22.163.044 13.630.338 - 24.286.186 - 11.507.196 vehicles Perlengkapan 158.317.592 27.573.158 - 3.546.500 - 127.197.934 Equipment Pabrik semen 286.392.548 665.662.087 - 50.719.428 - 901.335.207 Cement plant Pembangkit tenaga listrik 9.966.295 - - - - 9.966.295 Power plants 30.004.666.312 2.381.951.754 35.170.928 37.715.477 137.396.150 32.451.127.811 Aset Sewa Pembiayaan Leased Assets Bangunan 120.623.955 - - - - 120.623.955 Buildings Kapal dan kendaraan 172.721.939 5.687.220 51.315.223 32.606.863 - 159.700.799 Vessels and vehicles Perlengkapan dan peralatan Furniture and office kantor 40.534.782 - 2.727.231 - - 37.807.551 equipment 333.880.676 5.687.220 54.042.454 32.606.863 - 318.132.305 30.338.546.988 2.387.638.974 89.213.382 5.108.614 137.396.150 32.769.260.116 Akumulasi penyusutan Accumulated depreciation dan deplesi: and depletion: Pemilikan Langsung Direct Ownership Tanah pertambangan 95.444.333 1.631.858 - 37.600 - 97.113.791 Mining properties Bangunan, jalan, jembatan Buildings, roads, bridges dan pelabuhan 1.964.805.639 109.352.818 3.435.309 - 8.995.022 2.079.718.170 and harbors Mesin-mesin 6.731.434.671 480.682.475 15.001.798 59.204 9.722.747 7.206.778.891 Machinery Heavy equipment and Alat-alat berat dan kendaraan 742.501.608 34.962.240 184.600 - 536.778 777.816.026 vehicles Perlengkapan dan peralatan Furniture and office kantor 421.575.533 24.955.463 - 4.971 154.094 446.690.061 equipment 9.955.761.784 651.584.854 18.621.707 16.633 19.408.641 10.608.116.939 Aset Sewa Pembiayaan Leased Assets Bangunan 65.247.353 8.240.393 - - - 73.487.746 Buildings Kapal dan kendaraan 78.670.474 17.849.027 51.288.250 - - 45.231.251 Vessels and vehicles Perlengkapan dan peralatan Furniture and office kantor 17.800.727 932.893 2.480.106 - - 16.253.514 equipment 161.718.554 27.022.313 53.768.356 - - 134.972.511 10.117.480.338 678.607.167 72.390.063 16.633 19.408.641 10.743.089.450 Nilai buku neto 20.221.066.650 22.026.170.666 Net book value AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED JUNE 30, 2015 AND 2014 Expressed in thousands of Rupiah, unless otherwise stated Continued - 64 - Beban penyusutan dan deplesi aset tetap dialokasikan sebagai berikut: Depreciation and depletion expense of fixed assets was allocated as follows: 30 Juni 30 Juni June 30, June 30, 2015 2014 Unaudited Unaudited Beban pabrikasi 636.053.793 275.446.474 Manufacturing cost Beban usaha 42.553.374 18.723.977 Operating expenses Jumlah 678.607.167 294.170.451 Total Hak atas tanah Grup berupa Sertifikat Hak Milik “SHM” dan Sertifikat Hak Guna Bangunan “SHGB”. SHGB memiliki masa berlaku antara tahun 2014 hingga 2043. 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 2014 until 2043. Management believes that the SHGB are extendable. Pada tanggal 30 Juni 2015 tingkat penyelesaian atas aset dalam penyelesaian adalah sebagai berikut: The completion stage of construction in progress as of June 30, 2015 is as follows: Estimasi tahun Persentase penyelesaian penyelesaian Estimated Completion completion percentage year Tanah pertambangan 3 - 70 2015 - 2016 Mining land Bangunan, jalan, jembatan Building, roads, brodges dan pelabuhan 20 - 95 2015 and harbors Mesin-mesin 20 - 92 2015 - 2016 Machineries Perlengkapan 91 - 98 2015 Equipment Pabrik Semen 17 - 26 2015 - 2016 Cement plants Biaya perolehan pembangunan pabrik semen dan pembangkit listrik termasuk biaya pinjaman yang dikapitalisasi sebesar masing-masing Rp475.329.066 dan Rp475.329.066 sampai dengan 30 Juni 2015 dan 31 Desember 2014, selisih kurs mata uang asing yang merupakan lindung nilai atas komitmen pengadaan peralatan utama masing- masing sebesar Rp38.183.320 dan RpNihil pada tanggal 30 Juni 2015 dan 31 Desember 2014. Biaya pinjaman terdiri dari biaya bunga dan amortisasi biaya transaksi atas pinjaman bank. The construction costs of cement and power plants include capitalized borrowing costs of Rp475,329,066 and Rp475,329,066 for the period ended June 30, 2015 and December 31, 2014, respectively, and foreign currency exchange differences arose from hedging commitments for the procurement of main equipment of Rp38,183,320 and RpNil, as of June 30, 2015 and December 31, 2014, respectively. Borrowing costs consist of interest expense and amortization of transaction costs on bank loans. Penambahan aset tetap yang berasal dari transaksi nonkas aktivitas investasi dan pendanaan untuk periode yang berakhir pada tanggal 30 Juni 2015 dan 31 Desember 2014 masing-masing adalah sebagai berikut: Addition of fixed assets from a non-cash transactions in investing and financing activities for period ended June 30, 2015 and December 31, 2014, are as follows: • Aset sewa pembiayaan masing-masing sebesar Rp5.687.220 dan Rp79.852.524. • Assets under finance leases of Rp5,687,220 and Rp79,852,524, respectively. • Kapitalisasi beban pinjaman yang belum dibayar masing-masing sebesar RpNihil dan Rp48.708.665. • Capitalization of unpaid borrowing costs of RpNil and Rp48,708,665, respectively.