Cash on hand and in bank

These Consolidated Financial Statements are Originally Issued in Indonesian Language Ekshibit E24 Exhibit E24 PT TOWER BERSAMA INFRASTRUCTURE Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2015 Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain PT TOWER BERSAMA INFRASTRUCTURE Tbk AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2015 Expressed in million Rupiah, unless otherwise stated 2. RINGKASAN KEBIJAKAN AKUNTANSI SIGNIFIKAN Lanjutan

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Continued

o. Properti investasi Lanjutan

o. Investment properties Continued

Akumulasi biaya pembangunan menara telekomunikasi dikapitalisasi sebagai “Properti investasi dalam penyelesaian” dan dicatat pada akun “Properti Investasi” sampai proses pembangunan atau pengembangan selesai, dan diukur dengan menggunakan metode biaya cost method. The accumulated costs of the construction of tower buildings are capitalized as “Investment properties in progress” and recorded into “Investment Properties” account until construction or development is complete, and measured by using the cost method. p. Aset sewaan

p. Lease assets

Apabila secara substansial seluruh risiko dan manfaat yang terkait dengan kepemilikan aset sewaan telah dialihkan kepada Perusahaan dan entitas anak “sewa pembiayaan”, maka aset tersebut diperlakukan seolah- olah sebagai pembelian biasa. Jumlah awal pengakuan diakui sebagai aset adalah mana yang lebih rendah antara nilai wajar properti yang disewakan dan nilai kini pembayaran minimum sewa terutang selama masa sewa. Komitmen sewa disajikan sebagai liabilitas. Pembayaran sewa dianalisis antara modal dan bunga. Elemen bunga dibebankan pada laporan penghasilan komprehensif konsolidasi selama masa sewa dan diperhitungkan sehingga mencerminkan proporsi konstan liabilitas sewa. Elemen modal mengurangi saldo terutang lessor. Where substantially all of the risks and rewards incidental to ownership of a leased asset have been transferred to the Company and subsidiaries a finance lease, the asset is treated as if it had been purchased outright. The amount initially recognised as an asset is the lower of the fair value of the leased property and the present value of the minimum lease payments payable over the term of the lease. The corresponding lease commitment is shown as a liability. Lease payments are analysed between capital and interest. The interest element is charged to the consolidated statement of comprehensive income over the period of the lease and is calculated so that it represents a constant proportion of the lease liability. The capital element reduces the balance owed to the lessor. Apabila secara substansial seluruh risiko dan manfaat terkait kepemilikan aset tidak dialihkan kepada Perusahaan dan entitas anak “sewa operasi”, maka total utang sewa dibebankan dalam laporan penghasilan komprehensif konsolidasi dengan metode garis lurus selama masa sewa. Manfaat agregat insentif sewa diakui sebagai pengurang beban sewa selama masa sewa dengan metode garis lurus. Where substantially all of the risks and rewards incidental to ownership are not transferred to the Company and subsidiaries an operating lease, the total rentals payable under the lease are charged to the consolidated statement of comprehensive income on a straight-line basis over the lease term. The aggregate benefit of lease incentives is recognised as a reduction of the rental expense over the lease term on a straight-line basis. Perusahaan dan entitas anak sebagai lessee Sewa diklasifikasikan sebagai sewa pembiayaan jika mengalihkan secara substantial seluruh risiko dan manfaat yang terkait dengan kepemilikan. Di mana secara substansial semua risiko dan manfaat mengiringi kepemilikan aset sewa yang dialihkan kepada Perusahaan dan entitas anak, maka aset diperlakukan seolah-olah telah dibeli sekaligus. Pada pengakuan awal, aset sewa dinilai sebesar mana yang lebih rendah antara nilai aset properti sewa dan nilai kini pembayaran utang sewa selama masa sewa. Nilai komitmen sewa ditampilkan sebagai liabilitas. Pembayaran sewa dianalisis antara modal dan bunga. Unsur bunga dibebankan ke dalam laporan laba rugi dan penghasilan komprehensif lain konsolidasian selama periode sewa dan dihitung sehingga jumlah tersebut menyajikan proporsi tetap liabilitas sewa. Unsur modal mengurangi saldo yang dimiliki oleh lessor. The Company and subsidiaries as lessee Leases are classified as finance leases when the terms of the lease agreement transfer substantially all the risk and rewards of ownership to the lessee, in which substantially all the risks and rewards of ownership of assets to accompany the lease transferred to the Company and subsidiaries, then the asset is treated as if it had been purchased at once. On initial recognition, the leased assets are accounted for at the lower of the value of property assets and the present value of the lease payments during the lease rental period. Value of lease commitments is shown as a liability. Lease payments are analyzed between capital and interest. The interest element is charged to the consolidated statements of profit or loss and other comprehensive income during the period of the lease and is calculated so that the amount present fixed proportion liabilities lease. Capital element reduces the balance owned by the lessor. 154 ANNUAL REPORT l LAPORAN TAHUNAN l 2015 l PT TOWER BERSAMA INFRASTRUCTURE Tbk.