PAJAK PENGHASILAN INCOME TAX

Assuring the Move Into Next Level 517 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 - 103 - Pajak Tangguhan Deferred Tax Dikreditkan dibebankan ke laporan laba rugi komprehensif konsolidasian Credited charged to consolidated 1 Januari statements of 31 Desember January 1, comprehensive December 31, 2014 income 2014 Aset pajak tangguhan - neto Deferred tax assets - net Perseroan The Company Aset tetap 75.885.730 54.611.033 130.496.763 Fixed assets Aset sewa pembiayaan 1.754.064 224.259 1.529.805 Leased assets Beban tangguhan dan Deferred charges and intangible aset takberwujud 14.876.128 1.631.843 13.244.285 assets Liabilitas imbalan kerja 15.560.648 28.762.028 44.322.676 Employee benefits liabilities Cadangan persediaan usang dan Allowance for obsolete and slow bergerak lambat 12.422.790 710.304 13.133.094 moving inventories Cadangan penurunan nilai piutang 1.559.020 2.000 1.557.020 Allowance for impairment of receivables Penyisihan untuk beban restorasi 4.446.703 4.446.703 - Provision for restoration expense dan uang jasa 64.819.792 6.895.431 57.924.361 and incentive compensation Penyisihan lain-lain 27.552.031 5.574.979 33.127.010 Other provisions 37.353.190 29.500.272 7.852.918 Entitas anak Subsidiaries Aset tetap 57.901.770 4.796.760 62.698.530 Fixed assets Aset sewa pembiayaan 1.476.275 1.195.600 280.675 Leased assets Cadangan penurunan nilai piutang 3.315.293 369.806 3.685.099 Allowance for impairment of receivables Liabilitas imbalan kerja 12.682.729 1.520.207 11.162.522 Employee benefits liabilities Cadangan persediaan usang dan Allowance for obsolete and slow bergerak lambat 4.219.969 703.044 4.923.013 moving inventories Tunjangan produktivitas Productivity allowances and dan uang jasa 58.309.149 5.354.903 52.954.246 incentive compensation Cadangan biaya bongkar 4.869.305 857.750 5.727.055 Allowance for dismantle cost Akumulasi rugi fiskal 7.035.684 367.215 6.668.469 Accumulated fiscal loss Penyisihan lain-lain 13.020.254 4.031.860 8.988.394 Other provisions 47.026.888 15.335.945 31.690.943 Total aset pajak tangguhan - neto 84.380.078 44.836.217 39.543.861 Total deferred tax assets - net Liabilitas pajak tangguhan - neto Deferred tax liabilities, net Entitas anak Subsidiaries Aset tetap 94.998.145 62.977.366 157.975.511 Fixed assets Aset sewa pembiayaan 887.630 88.926 976.556 Leased assets Liabilitas imbalan kerja 33.130.758 7.596.120 40.726.878 Employee benefits liabilities Cadangan persediaan usang dan Allowance for obsolete and slow bergerak lambat 3.834.595 1.349.091 5.183.686 moving inventories Cadangan penurunan nilai piutang 9.787.251 1.457.069 11.244.320 Allowance for impairment of receivables Tunjangan produktivitas Productivity allowances and dan uang jasa 40.138.181 864.986 39.273.196 incentive compensation Penyisihan lain-lain - 2.368.977 2.368.978 Other provisions Total liabilitas pajak tangguhan - neto 7.219.730 50.982.169 58.201.897 Total deferred tax liabilities - net Manfaat pajak tangguhan - neto 95.818.385 Deferred tax expense - net Assuring the Move Into Next Level 518 Business Development Report Management Reports Company Information Information For Investors Operational Review 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 - 104 - Dikreditkan dibebankan ke laporan laba rugi konmprehensif konsolidasian Credited charged to consolidated 1 Januari statements of 31 Desember January 1, comprehensive December 31, 2013 income 2013 Aset pajak tangguhan - neto Deferred tax assets - net Perseroan The Company Aset tetap 19.571.451 56.314.279 75.885.730 Fixed assets Aset sewa pembiayaan 2.073.816 319.752 1.754.064 Leased assets Beban tangguhan dan Deferred charges and intangible aset takberwujud 7.103.139 7.772.989 14.876.128 assets Liabilitas imbalan kerja 18.266.789 2.706.141 15.560.648 Employee benefits liabilities Cadangan persediaan usang dan Allowance for obsolete and slow bergerak lambat 11.328.149 1.094.641 12.422.790 moving inventories Cadangan penurunan nilai piutang 1.575.505 16.485 1.559.020 Allowance for impairment of receivables Penyisihan untuk beban restorasi 4.530.604 83.901 4.446.703 Provision for restoration expense Tunjangan produktivitas Productivity allowances and dan uang jasa 46.954.574 17.865.218 64.819.792 and incentive compensation Penyisihan lain-lain 15.580.214 11.971.817 27.552.031 Other provisions 73.635.061 36.281.871 37.353.190 Entitas anak Subsidiaries Aset tetap 82.662.572 24.760.802 57.901.770 Fixed assets Aset sewa pembiayaan 2.298.597 822.322 1.476.275 Leased assets Cadangan penurunan nilai piutang 11.375.069 8.059.776 3.315.293 Allowance for impairment of receivables Liabilitas imbalan kerja 44.111.834 31.429.105 12.682.729 Employee benefits liabilities Cadangan persediaan usang dan Allowance for obsolete and slow bergerak lambat 5.889.942 1.669.973 4.219.969 moving inventories Tunjangan produktivitas Productivity allowances and dan uang jasa 68.275.984 9.966.835 58.309.149 and incentive compensation Cadangan biaya bongkar - 4.869.305 4.869.305 Allowance for dismantle cost Akumulasi rugi fiskal - 7.035.684 7.035.684 Accumulated fiscal loss Penyisihan lain-lain 17.678.799 4.658.545 13.020.254 Other provisions 66.967.653 19.940.765 47.026.888 Total aset pajak tangguhan - neto 140.602.714 56.222.636 84.380.078 Total deferred tax assets - net Liabilitas pajak tangguhan - neto Deferred tax liabilities, net Entitas anak Subsidiaries Aset tetap 3.758.692 91.239.453 94.998.145 Fixed assets Aset sewa pembiayaan - 887.630 887.630 Leased assets Liabilitas imbalan kerja 114.256 33.016.502 33.130.758 Employee benefits liabilities Cadangan persediaan usang dan Allowance for obsolete and slow bergerak lambat - 3.834.595 3.834.595 moving inventories Cadangan penurunan nilai piutang 617.710 9.169.541 9.787.251 Allowance for impairment of receivables Tunjangan produktivitas Productivity allowances and dan uang jasa 1.669.795 38.468.386 40.138.181 and incentive compensation Total liabilitas pajak tangguhan - neto 1.356.931 5.862.799 7.219.730 Total deferred tax liabilities, net Manfaat pajak tangguhan - neto 62.085.435 Deferred tax expense - net Aset pajak tangguhan - pendapatan Deferred tax assets - other komprehensif lainnya comprehensive income Perseroan The Company Selisih kurs penjabaran laporan Exchange difference due to translation keuangan 140.006 140.006 - of financial statements Assuring the Move Into Next Level 519 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 - 105 - Rekonsiliasi antara beban pajak penghasilan seperti yang tercantum dalam laporan laba rugi komprehensif konsolidasian dengan hasil perkalian laba akuntansi sebelum pajak penghasilan Perseroan dan tarif pajak yang berlaku adalah sebagai berikut: Reconciliations between income tax expense as shown in the consolidated statements of comprehensive income and income tax expense calculated using prevailing tax rates is as follows: 2014 2013 Laba konsolidasian sebelum Consolidated income before beban pajak penghasilan 7.090.765.967 6.920.399.734 income tax Penyesuaian terkait dengan konsolidasi: Adjustment related to consolidation: Bagian atas laba bersih entitas asosiasi 31.946.912 34.541.962 Equity in net income of associates Disesuaikan dengan jurnal Adjusted for consolidation eliminasi konsolidasi 7.979.902 24.924.020 elimination 7.066.798.957 6.860.933.752 Beban pajak penghasilan sesuai tarif pajak 1.413.359.791 1.372.186.750 Tax calculated at statutory rate Perbedaan tarif perseroan Difference tax rate between dan entitas anak 122.260.626 156.524.551 the Company and its subsidiaries Pengaruh pajak atas perbedaan tetap 18.431.729 37.389.912 Tax effect of permanent differences Jumlah 1.517.188.688 1.566.101.213 Total Berdasarkan peraturan perpajakan Indonesia, Grup menghitung, menetapkan, dan membayar sendiri jumlah pajak yang terutang. SPT konsolidasian tidak diperkenankan dalam peraturan perpajakan di Indonesia. Direktorat Jenderal Pajak DJP dapat menetapkan dan mengubah kewajiban pajak dalam batas waktu lima tahun sejak tanggal terutangnya pajak. Under the taxation laws of Indonesia, the Group submits tax returns on the basis of self assessment. Consolidated tax returns are not permitted under Indonesian taxation laws. The Directorate General of Taxes DGT may assess or amend taxes within five years from the date the tax becomes due. Surat Ketetapan Pajak Tax Assessments UTSG UTSG Pada tanggal 27 Maret 2014, UTSG menerima Surat Ketetapan Pajak Lebih Bayar SKPLB No. 000074061205114, yang menyatakan bahwa lebih bayar pajak penghasilan tahun 2012 sebesar Rp4.298.709, sedangkan UTSG mencatat lebih bayar pajak penghasilan tahun 2012 sebesar Rp6.642.454. Pada tanggal 3 April 2014 UTSG menyatakan banding atas SKPLB sebesar Rp4.298.709. Pengembalian kelebihan pajak tersebut diterima oleh Perusahaan tanggal 30 April 2014. On March 27, 2014, UTSG received an Overpayment Tax Assessment Letter SKPLB No. 000074061205114, which stated that the Company’s overpayment of 2012 Corporate Income Tax amounted to Rp4,298,709, while UTSG records its overpayment of 2012 corporate income tax amounting to Rp6,642,454. On April 3, 2014, UTSG submitted an objection letter to tax office for such overpayment amounting to Rp4,298,709. Such over payment was refunded on April 30, 2014. IKSG IKSG Pada tanggal 22 April 2014, IKSG menerima SKPLB atas pajak penghasilan badan tahun 2012 No. 000294061205114 yang menyatakan IKSG mempunyai lebih bayar sebesar Rp2.632.427. Lebih bayar tersebut telah diterima IKSG pada tanggal 26 Mei 2014 dan selisih sebesar Rp115.299 dibebankan pada tahun berjalan. On April 22, 2014, IKSG received overpayment tax assessment letter of corporate income tax year 2012 No. 000294061205114 which stated that IKSG has an overpayment amounting to Rp2,632,427. The overpayment was received on May 26, 2014 and the difference amounting to Rp115,299 was charge in the current year. Assuring the Move Into Next Level 520 Business Development Report Management Reports Company Information Information For Investors Operational Review 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 - 106 - Piutang pajak atas pajak pertambahan nilai tahun 2012 sebesar Rp3.038.702 telah diterima IKSG pada tanggal 14 Maret 2014 setelah dikurangi dengan STP dan kurang bayar sebesar Rp167.851. IKSG’s valued added tax receivable in 2012 amounting to Rp3,038,702 was received on March 14, 2014 net of STP and underpayment amounting to Rp167,851. Piutang pajak IKSG atas pajak pertambahan nilai tahun 2013 sebesar Rp4.712.562.442 telah diterima pada tanggal 30 Juni 2014 dan 14 Oktober 2014. IKSG’s value added tax receivable amounting to Rp4,712,562,442 was received on June 30, 2014 and October 14, 2014. 40. LABA PER SAHAM 40. EARNINGS PER SHARE Perhitungan laba per saham dasar dan dilusian adalah sebagai berikut: The computation of basic and diluted earnings per share is as follows: 2014 2013 Laba yang dapat diatribusikan Income attributable to the equity holders kepada pemilik entitas induk untuk of parent entity for computation perhitungan laba per saham dasar 5.565.857.595 5.370.247.117 of basic earnings per share Total rata-rata tertimbang Weighted average number of saham yang beredar lembar 5.931.520.000 5.931.520.000 shares outstanding shares Laba per saham dasar, Basic earnings per share, yang dapat diatribusikan attributable to the equity holders kepada pemilik entitas induk of parent entity Rupiah penuh 938 905 full amount Perseroan tidak menghitung laba per saham dilusian karena Perseroan tidak mempunyai efek berpotensi dilusian. The Company did not calculate diluted earnings per share because there was no identified effect or dilutive potential ordinary share. 41. LIABILITAS IMBALAN KERJA 41. EMPLOYEE BENEFITS LIABILITIES Estimasi liabilitas imbalan kerja tanggal 31 Desember 2014 dan 2013 adalah sebagai berikut: The estimated employee benefits liabilities as of December 31, 2014 and 2013 are as follows: Imbalan kerja jangka pendek Short-term employee benefits 2014 2013 Productivity allowances, Tunjangan produktivitas, uang jasa, incentives, and Directors bonus Direktur dan Komisaris 651.451.404 692.964.913 and Commissioners bonuses Tunjangan pegawai lainnya 30.085.158 81.853.461 Other employee allowances Jumlah 681.536.562 774.818.374 Total Imbalan pasca kerja dan jangka panjang lainnya Long-term employee benefits and other long-term benefits 2014 2013 Liabilitas imbalan pensiun 208.704.869 41.650.929 Pension benefits obligations Liabilitas imbalan kerja lainnya 233.484.519 216.652.656 Other employee benefits obligations Liabilitas TKHT 36.388.467 13.296.104 Old-age employee benefits obligations Jumlah 478.577.855 271.599.689 Total Assuring the Move Into Next Level 521 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 - 107 - Program Imbalan Pasti Defined Benefits Plans a. Dana Pensiun a. Pension Fund Perseroan memperoleh persetujuan dari Menteri Keuangan Republik Indonesia dengan Surat Keputusan No. B7774DJMIII.5121976 tanggal 18 Desember 1976 untuk mendirikan Dana Pensiun Semen Gresik yang merupakan dana pensiun manfaat pasti yang dikelola oleh pengurus yang terpisah, yang memberikan manfaat pasti bagi seluruh karyawan yang telah memenuhi persyaratan tertentu apabila karyawan tersebut pensiun, cacat atau meninggal dunia. The Company received an approval from the Minister of Finance of the Republic of Indonesia in Decision Letter No. B7774DJMIII.5121976 dated December 18, 1976 to establish a separate trustee-administered pension fund, Dana Pensiun Semen Gresik, from which all employees, after serving a qualifying period, are entitled to defined benefits on retirement, disability or death. Entitas anak SP dan ST masing-masing memperoleh persetujuan dari Menteri Keuangan Republik Indonesia untuk mendirikan dana pensiun manfaat pasti yang dikelola oleh pengurus yang terpisah berdasarkan Surat Keputusan No. S065MK-II1979 tanggal 3 April 1979 untuk Dana Pensiun Semen Padang dan No. S-016MK.131989 tanggal 5 Januari 1989 yang telah diubah dengan Surat Keputusan No. Kep-405KM.171999 tanggal 5 Nopember 1999 untuk Dana Pensiun Semen Tonasa yang memberikan manfaat pasti bagi seluruh karyawan yang telah memenuhi persyaratan tertentu apabila karyawan tersebut pensiun, cacat atau meninggal dunia. Subsidiaries SP and ST received approvals from the Minister of Finance of the Republic of Indonesia to establish separate trustee- administered pension funds in Decision Letter No. S065MK-II1979 dated April 3, 1979 for Dana Pensiun Semen Padang and in Decision Letter No. S-016MK.131989 dated January 5, 1989 as amended by Decision Letter No. Kep-405KM.171999 dated November 5, 1999 for Dana Pensiun Semen Tonasa, from which all employees, after serving a qualifying period, are entitled to defined benefits on retirement, disability or death. Asumsi aktuarial utama yang digunakan untuk menentukan estimasi liabilitas imbalan kerja karyawan dalam program imbalan pasti pada tanggal 31 Desember 2014 dan 2013 adalah sebagai berikut: The principal actuarial assumptions used to estimate liabilities for employee benefits under defined benefits plans as at December 31, 2014 and 2013 are as follows: 2014 2013 Tabel Mortalita Indonesia 2011 TMIII Tabel Mortalita Indonesia 2011 TMIII Tingkat mortalita Indonesia Mortality Table 2011 TMIII Indonesia Mortality Table 2011 TMIII Mortality rate Usia pensiun normal 56 tahunyears 56 tahunyears Normal retirement age Tingkat cacat 10 dari tingkat mortalitaof mortality rate 10 dari tingkat mortalitaof mortality rate Disability rate Tingkat kenaikan gaji: Rate of salary increase: Program pensiun 7,5 per tahunper annum 7,5 per tahunper annum Pension plan Imbalan kerja lainnya 10 per tahunper annum 10 per tahunper annum Other employee benefits Tingkat diskonto tahunan 8,2 per tahunper annum 9 per tahunper annum Annual discount rate Tingkat pengembalian Expected return on plan investasi 9 per tahunper annum 9 per tahunper annum assets 1 ST: 0,5 untuk umur di bawah 30 tahun 1 ST: 0,5 untuk umur di bawah 30 tahun dan menurun secara linear sampai 0 pada umur 53 tahun dan menurun secara linear sampai 0 pada umur 44 tahun Tingkat pengunduran diri SP: 52 tahun 1 ST: 0,5 at less SP: 52 tahun dan ST: 54 tahun 1 ST: 0,5 at less Voluntary resignation rate than 30 years of age and reducing linearly to 0 than 30 years of age and reducing linearly to 0 at 53 SP: 52 years years of age at 44 SP: 52 years and ST: 53 years years of age Aset dana pensiun terutama terdiri dari deposito berjangka, surat-surat berharga dan investasi jangka panjang dalam bentuk saham, reksadana, obligasi, tanah dan bangunan. Pension fund assets mainly consist of time deposits, marketable securities, and long-term investments in shares of stock, mutual funds, bonds and land and buildings. Assuring the Move Into Next Level 522 Business Development Report Management Reports Company Information Information For Investors Operational Review 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 - 108 - Tingkat pengembalian investasi yang diharapkan atas aset program ditentukan berdasarkan ekspektasi pasar pada tanggal pelaporan, berlaku untuk periode saat kewajiban diselesaikan. The expected rate of return on plan assets is determined based on the market expectations prevailing on that date, applicable to the period over which the obligation is to be settled. Imbalan Pensiun Pension Benefits Beban imbalan kerja yang dibebankan pada laporan laba rugi komprehensif konsolidasian merupakan jumlah neto dari: Employee benefits expense recognized in the consolidated statement of comprehensive income consists of the net total of the following amounts: 2014 2013 Biaya jasa kini 32.043.478 29.845.694 Current service cost Biaya bunga 147.086.047 98.804.329 Interest cost Hasil yang diharapkan dari aset dana pensiun 146.381.637 123.323.159 Expected return on plan assets Amortisasi dari kerugian aktuarial Amortization of unrecognized actuarial dan biaya jasa lalu yang belum diakui - 27.352 loss and past service cost Biaya jasa lalu 155.674.432 - Past service cost Kerugian aktuarial 2.208.044 15.825.859 Actuarial loss Beban 190.630.364 21.180.075 Expense Estimasi terbaik Perseroan atas iuran dalam aset program pensiun di 2014 adalah sebesar Rp128.745.306. The Company expects to contribute Rp128,745,306 to its pension benefit pension plans in 2014. Liabilitas neto imbalan kerja yang diakui di laporan posisi keuangan konsolidasian adalah sebagai berikut: The net liability for employee benefits recognized in the consolidated statements of financial position is as follows: 2014 2013 Nilai kini dari kewajiban 1.869.133.351 1.622.721.187 Present value of the obligations Nilai wajar aset 1.723.156.881 1.627.186.566 Fair value of plan assets 145.976.470 4.465.379 Keuntungan aktuarial yang belum diakui 63.377.142 46.289.210 Unrecognized actuarial gain Unrecognized past service Biaya jasa masa lalu yang belum diakui 648.743 172.902 cost - unvested Liabilitas neto 208.704.869 41.650.929 Net liability Mutasi nilai kini liabilitas imbalan adalah sebagai berikut: Movements of the present value of benefit obligations is as follows: 2014 2013 Nilai kini kewajiban imbalan Present value of the benefit pada 1 Januari 1.622.721.187 1.670.034.700 obligations January 1 Biaya jasa kini 32.043.478 29.845.694 Current service cost Biaya bunga 147.086.047 98.804.329 Interest cost Iuran peserta 5.352.173 4.127.307 Participant contributions Imbalan dana pensiun yang dibayarkan 101.249.863 98.224.630 Pension benefits paid Perubahan program 168.353.385 22.856.403 Change in program Keuntungan aktuaria pada liabilitas 5.173.056 59.009.810 Gains on actuarial liabilities Nilai kini kewajiban imbalan Present value of the benefit pada 31 Desember 1.869.133.351 1.622.721.187 obligation at December 31