INVESTMENT PROPERTIES FinRpt TW1 SMGR SMGR LK TW I Maret 2015

AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED MARCH 31, 2015 AND 2014 Expressed in thousands of Rupiah, unless otherwise stated Continued - 63 - 15. ASET TETAP

15. FIXED ASSETS

31 Desember 31 Maret December 31, Selisih kurs March 31, 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 2.795.776 - 200.214.803 62.119.719 7.045.404.816 and harbors Mesin-mesin 18.135.300.237 49.197.689 2.323.943 328.295.152 114.542.935 18.625.012.070 Machinery Heavy equipment and Alat-alat berat dan kendaraan 978.626.174 5.825.791 15.128 7.875.001 670.785 977.232.621 vehicles Perlengkapan dan peralatan Furniture and office kantor 553.301.847 5.701.541 - 2.547.560 134.219 561.685.167 equipment Aset dalam penyelesaian: Construction in progress: Tanah 551.417.768 114.137.798 - - - 665.555.566 Land Bangunan, jalan, jembatan Buildings, roads, bridges dan pelabuhan 635.474.118 131.962.852 14.665.102 140.275.389 2.854.732 615.351.211 and harbors Mesin-mesin 1.495.470.058 376.813.671 - 347.553.499 - 1.524.730.230 Machinery Heavy equipment and Alat-alat berat dan kendaraan 22.163.044 9.791.725 - 21.230.046 - 10.724.723 vehicles Perlengkapan 158.317.592 47.404.207 - 1.208.691 - 109.704.694 Equipment Pabrik semen 286.392.548 245.624.882 - 50.719.428 - 481.298.002 Cement plant Pembangkit tenaga listrik 9.966.295 - - - - 9.966.295 Power plants 30.004.666.312 894.447.518 17.004.173 37.804.539 180.322.390 31.024.627.508 Aset Sewa Pembiayaan Leased Assets Bangunan 120.623.955 - - - - 120.623.955 Buildings Kapal dan kendaraan 172.721.939 258.235 37.493.515 35.262.500 - 170.749.159 Vessels and vehicles Perlengkapan dan peralatan Furniture and office kantor 40.534.782 - 1.042.886 - - 39.491.896 equipment 333.880.676 258.235 38.536.401 35.262.500 - 330.865.010 30.338.546.988 894.705.753 55.540.574 2.542.039 180.322.390 31.355.492.518 Akumulasi penyusutan Accumulated depreciation dan deplesi: and depletion: Pemilikan Langsung Direct Ownership Tanah pertambangan 95.444.333 837.517 - - - 96.281.850 Mining properties Bangunan, jalan, jembatan Buildings, roads, bridges dan pelabuhan 1.964.805.639 54.716.964 - - 11.939.350 2.031.461.953 and harbors Mesin-mesin 6.731.434.671 240.789.807 2.295.049 59.206 16.774.149 6.986.644.372 Machinery Heavy equipment and Alat-alat berat dan kendaraan 742.501.608 14.708.470 15.128 5.349 627.017 757.816.618 vehicles Perlengkapan dan peralatan Furniture and office kantor 421.575.533 12.536.384 - 1 178.738 434.290.656 equipment 9.955.761.784 323.589.142 2.310.177 64.554 29.519.254 10.306.495.449 Aset Sewa Pembiayaan Leased Assets Bangunan 65.247.353 4.120.196 - - - 69.367.549 Buildings Kapal dan kendaraan 78.670.474 10.053.468 37.493.515 - - 51.230.427 Vessels and vehicles Perlengkapan dan peralatan Furniture and office kantor 17.800.727 510.210 948.386 - - 17.362.551 equipment 161.718.554 14.683.874 38.441.901 - - 137.960.527 10.117.480.338 338.273.016 40.752.078 64.554 29.519.254 10.444.455.976 Nilai buku neto 20.221.066.650 20.911.036.542 Net book value AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED MARCH 31, 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: 31 Maret 31 Maret March 31, March 31, 2015 2014 Unaudited Unaudited Beban pabrikasi 318.331.817 275.446.474 Manufacturing cost Beban usaha 19.941.199 18.723.977 Operating expenses Jumlah 338.273.016 294.170.451 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 31 Maret 2015 tingkat penyelesaian atas aset dalam penyelesaian adalah sebagai berikut: The completion stage of construction in progress as of March 31, 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 31 Maret 2015 dan 31 Desember 2014, selisih kurs mata uang asing yang merupakan lindung nilai atas komitmen pengadaan peralatan utama masing- masing sebesar RpNihil dan RpNihil pada tanggal 31 Maret 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 March 31, 2015 and December 31, 2014, respectively, and foreign currency exchange differences arose from hedging commitments for the procurement of main equipment of RpNil and RpNil, as of March 31, 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 31 Maret 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 March 31, 2015 and December 31, 2014, are as follows: • Aset sewa pembiayaan masing-masing sebesar Rp258.235 dan Rp79.852.524. • Assets under finance leases of Rp258,235 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.