Assessment of Insurance Contract Liability Life Insurance and Loss Insurance Long-term Employee Benefits

PT SINAR MAS MULTIARTHA Tbk AND ITS SUBSIDIARIES Notes to Consolidated Financial Statements For the Years Ended December 31, 2014 and 2013 Figures are Presented in Millions of Rupiah,unless Otherwise Stated 2014 2013 At fair value through profit and loss Third parties Rupiah Units of mutual fund Star Balanced 12,125 10,510 SAM Indonesian Equity Fund 1,061 1,771 Panin Dana Maksima 1,037 1,717 Batavia Dana Obligasi Ultima 533 2,442 Batavia Dana Dinamis 167 143 Batavia Proteksi Optimal 16 - 995,911 Millenium Dana Proteksi - 110,366 Star High Yield Fund - 130,294 Corfina Bima Berimbang PT - 45,043 Investa Flexi IV Penyertaan Terbatas - 7,823 RD Terproteksi Kharisma Terproteksi - 1,173 Total - units of mutual fund 6,424,058 6,581,454 Total - Rupiah 6,587,405 7,106,946 Foreign currencies Note 51 Shares Jobstreet Berhad Malaysia 10,045 - Units of mutual fund Adenium Lestari Dolar Fund 542 7,829 HPAM Maestro Flexi Dollar II - 5,990 HPAM Maestro Dollar I - 883 Total 542 14,702 Total - Foreign currencies 10,587 14,702 Total - Third parties 6,597,992 7,121,648 Total - at fair value through profit and loss 7,622,364 8,091,193 Available for sale Related parties Note 50 Rupiah Shares PT Bumi Serpong Damai Tbk - 29,227 Bonds Continuous Bonds Bumi Serpong Damai I 2012 Series C - 237,666 Units of mutual fund Danamas Stabil 143,184 - Simas Saham Unggulan 15,503 - Total 158,687 - - 57 - PT SINAR MAS MULTIARTHA Tbk AND ITS SUBSIDIARIES Notes to Consolidated Financial Statements For the Years Ended December 31, 2014 and 2013 Figures are Presented in Millions of Rupiah,unless Otherwise Stated 2014 2013 Available for sale Related parties Note 50 Foreign currencies Note 51 Units of mutual fund Danamas Dollar 25,192 - Total - Related parties 183,879 266,893 Third parties Rupiah Shares PT Semen Baturaja Tbk 13,326 7,140 PT Atlas Resources Tbk 7,437 14,110 PT Bumi Resources Tbk 5,259 19,722 PT Semen Gresik Persero Tbk 4,039 81,759 PT Bank Rakyat Indonesia Tbk 2,155 20,481 PT Perusahaan Gas Negara Tbk 1,658 13,546 PT Bank Mandiri Persero Tbk 1,401 66,289 PT Indocement Tunggal Prakarsa Tbk 1,112 49,510 PT Jasa Marga Persero Tbk 635 54,980 PT Bank Danamon Indonesia Tbk 459 35,894 PT Indo Tambang Raya Megah Tbk 338 10,545 PT Bank Negara Indonesia Persero Tbk 275 11,850 PT Holcim Indonesia Tbk - 15,447 PT Tambang Batubara Bukit Asam Tbk - 38,551 PT Astra Internasional Tbk - 31,348 PT Bank Tabungan Negara Persero Tbk - 11,934 PT PP London Sumatra Indonesia Tbk - 11,070 PT Krakatau Steel Tbk - 11,012 PT Benakat Petroleum Energy Tbk - 7,491 PT Indomobil Multi Jasa Tbk - 7,375 Others below Rp 5,000 each 15,166 4,256 Total - Shares 53,260 524,310 Units of mutual fund Batavia Proteksi Andalan 8 834,033 - SUCORINVEST Proteksi 6 564,446 560,887 RDT BNIAM Proteksi Sriwijaya X 494,805 - Terproteksi Pacific Protected Fund 470,128 - RD Terproteksi Sucorinvest Proteksi 9 404,209 - RHB OSK Smile Fixed Income Fund 403,951 273,318 BNP PARIBAS Maxi Obligasi 343,117 306,764 RDT BNIAM Proteksi Mega Pundi V 334,897 - RHB OSK Capital Protected Fund 27 312,381 - SAM Cendrawasih Fund 251,401 255,130 Batavia Proteksi Andalan 15 219,366 - - 58 -