INCOME TAX 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 - 102 - 30 Juni 30 Juni June 30, June 30, 2015 2014 Unaudited Unaudited Perbedaan permanen: Permanent differences: Differences between Perbedaan nilai buku fiskal dan fiscal and commercial komersial atas aset tetap 50.343.356 23.791.159 net book value of fixed assets Kesejahteraan karyawan 96.288.603 125.022.079 Employee welfare Penyisihan promosi Provision for sales promotion peningkatan penjualan 696.627 808.240 expense Pendapatan yang telah dikenakan Income subject to final tax, pajak penghasilan final 121.070.784 86.903.088 recorded on a net of tax basis Lain-lain 45.565.572 71.798.982 Others 71.823.374 134.517.372 Perbedaan temporer: Temporary differences: Differences between Perbedaan nilai buku fiskal dan fiscal and commercial komersial atas aset tetap net book value of fixed dan beban tangguhan 100.983.160 128.149.205 assets and deferred charges Aset sewa pembiayaan 2.510.869 2.510.869 Leased assets Liabilitas imbalan kerja 21.611.649 77.803.239 Employee benefits liabilities Cadangan persediaan usang Allowance for obsolete and dan bergerak lambat 491.967 587.925 slow moving inventories Allowance for impairment of Cadangan penurunan nilai piutang 1.190.058 837.987 receivable Penyisihan untuk beban restorasi - 1.265.296 Provision for restoration expenses Tunjangan produktivitas dan uang jasa 55.635.459 188.667.860 Productivity allowances and incentive Penyisihan lainnya 38.000.143 20.033.824 Other provisions 100.215.787 376.936.733 Laba kena pajak - Perseroan 2.093.001.131 2.155.329.593 Taxable income - the Company Beban pajak penghasilan Income tax expense Perseroan - kini 418.600.227 431.065.922 the Company - current Beban pajak penghasilan Income tax expense entitas anak - kini 150.858.109 240.819.856 subsidiaries - current 569.458.336 671.885.778 Perhitungan beban dan utang pajak kini Perseroan adalah sebagai berikut: Current tax expense and payable of the Company are computed as follows: 30 Juni 30 Juni June 30, June 30, 2015 2014 Unaudited Unaudited Beban pajak kini 418.600.227 431.065.922 Current tax expense Dikurangi pembayaran pajak dimuka 461.851.060 195.501.652 Less prepaid taxes Utang pajak kini Catatan 25 43.250.833 235.564.270 Current tax payable Note 25 Laba fiskal dan beban pajak penghasilan kini Perseroan tahun 2013 sudah sesuai dengan Surat Pemberitahuan Pajak SPT yang disampaikan ke Kantor Pelayanan Pajak. Taxable income and current tax expense of the Company for 2013 are accordance with the Corporate Tax Returns filled with the Tax Service Office. 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 - 103 - Pajak Tangguhan Deferred Tax Dikreditkan dibebankan ke laporan laba rugi komprehensif konsolidasian Credited charged to 31 Desember consolidated 30 Juni December 31, statement of June 30, 2014 comprehensive 2015 Unaudited income Unaudited Asetliabilitas pajak tangguhan - neto Deferred tax assetsliabilities - net Perseroan The Company Aset tetap 130.496.765 14.896.699 145.393.464 Fixed assets Aset sewa pembiayaan 1.529.805 502.174 1.027.631 Leased assets Beban tangguhan dan Deferred charges and intangible aset takberwujud 5.440.550 23.984.766 18.544.216 assets Liabilitas imbalan kerja 17.035.912 4.322.330 21.358.242 Employee benefits liabilities Cadangan persediaan usang dan Allowance for obsolete and slow bergerak lambat 13.133.094 98.393 13.231.487 moving inventories Cadangan penurunan nilai piutang 1.557.020 238.011 1.319.009 Allowance for impairment of receivables Tunjangan produktivitas Productivity allowances and dan uang jasa 57.924.363 11.127.094 46.797.269 and incentive compensation Penyisihan lain-lain 14.442.176 29.371.023 43.813.199 Other provisions 19.433.845 16.956.998 36.390.843 Entitas anak Subsidiaries Aset tetap 62.698.530 5.234.402 57.464.128 Fixed assets Aset sewa pembiayaan 280.675 386.432 105.757 Leased assets Cadangan penurunan nilai piutang 3.685.099 17.300 3.667.799 Allowance for impairment of receivables Liabilitas imbalan kerja 11.162.522 2.720.489 13.883.011 Employee benefits liabilities Cadangan persediaan usang dan Allowance for obsolete and slow bergerak lambat 4.923.013 7.064 4.915.949 moving inventories Tunjangan produktivitas Productivity allowances and dan uang jasa 52.954.246 1.618.169 54.572.415 incentive compensation Cadangan biaya bongkar 5.727.055 - 5.727.055 Allowance for dismantle cost Akumulasi rugi fiskal 6.668.469 1.200.222 7.868.691 Accumulated fiscal loss Penyisihan lain-lain 8.988.393 5.352.069 3.636.324 Other provisions 31.690.942 5.010.417 36.701.359 Total aset pajak tangguhan - neto 12.257.097 11.946.581 310.516 Total deferred tax assets - net Liabilitas pajak tangguhan - neto Deferred tax liabilities, net Entitas anak Subsidiaries Aset tetap 156.596.915 1.380 156.595.535 Fixed assets Aset sewa pembiayaan 1.125.828 149 1.125.679 Leased assets Liabilitas imbalan kerja 75.392.509 22.641.516 52.750.993 Employee benefits liabilities Cadangan persediaan usang dan Allowance for obsolete and slow bergerak lambat 5.183.686 - 5.183.686 moving inventories Cadangan penurunan nilai piutang 12.469.934 1.224 12.468.710 Allowance for impairment of receivables Tunjangan produktivitas Productivity allowances and dan uang jasa 4.589.972 34.647 4.624.619 incentive compensation Penyisihan lain-lain 465.326 1.902 467.228 Other provisions Total liabilitas pajak tangguhan - neto 57.369.659 22.604.961 79.974.620 Total deferred tax liabilities - net Manfaat pajak tangguhan - neto 34.551.542 Deferred tax expense - net 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: 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 - 104 - 30 Juni 30 Juni June 30, June 30, 2015 2014 Unaudited Unaudited Laba konsolidasian sebelum Consolidated income before beban pajak penghasilan 2.797.598.100 3.545.881.930 income tax Penyesuaian terkait dengan konslidasi: Adjustment related to consolidation: Bagian atas laba bersih entitas asosiasi 13.254.455 15.234.400 Equity in net income of associates Disesuaikan dengan jurnal Adjusted for consolidation eliminasi konsolidasi 16.946.214 11.183.509 elimination 2.767.397.431 3.519.464.021 Beban pajak penghasilan sesuai tarif pajak 691.849.358 879.866.005 Tax calculated at statutory rate Perbedaan tarif Perseroan dengan Difference tax rate between entitas anak 84.026.647 110.619.370 the Company and its subsidiaries Pengaruh pajak atas perbedaan tetap: Tax effect of permanent differences: Differences between Perbedaan nilai buku fiskal dan fiscal and commercial komersial atas aktiva tetap 10.068.671 1.359.216 net book value of fixed assets Kesejahteraan karyawan 19.257.721 4.775.463 Employee welfare Promosi peningkatan penjualan 139.325 6.686.891 Provision for sales promotion Denda pajak - 2.440 Tax Penalties Pendapatan yang telah dikenakan Income subject to final tax, pajak penghasilan final 40.857.017 27.163.130 recorded on a net of tax basis Lain-lain 7.578.467 28.379.682 Others 3.812.833 14.040.562 Jumlah beban pajak 604.009.878 783.287.197 Total tax expense 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. 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 - 105 - 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. 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: 30 Juni 30 Juni June 30, June 30, 2015 2014 Unaudited Unaudited 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 2.185.217.852 2.753.596.352 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 368 464 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 30 Juni 2015 dan 31 Desember 2014 adalah sebagai berikut: The estimated employee benefits liabilities as of June 30, 2015 and December 31, 2014 are as follows: Imbalan kerja jangka pendek Short-term employee benefits 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 - 106 - 30 Juni 31 Desember June 30, December 31, 2015 2014 Unaudited Unaudited Productivity allowances, Tunjangan produktivitas, uang jasa, incentives, and Directors bonus Direktur dan Komisaris 431.524.587 651.451.404 and Commissioners bonuses Tunjangan pegawai lainnya 76.351.975 41.351.005 Other employee allowances Jumlah 507.876.562 692.802.409 Total Imbalan pasca kerja dan jangka panjang lainnya Long-term employee benefits and other long-term benefits 30 Juni 31 Desember June 30, December 31, 2015 2014 Unaudited Unaudited Liabilitas imbalan pensiun 121.160.358 57.226.070 Pension benefits obligations Liabilitas imbalan kerja lainnya 219.414.150 247.904.738 Other employee benefits obligations Liabilitas TKHT 42.388.468 36.388.469 Old-age employee benefits obligations Jumlah 382.962.976 341.519.277 Total 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 30 Juni 2015 dan 31 Desember 2014 adalah sebagai berikut: The principal actuarial assumptions used to estimate liabilities for employee benefits under defined benefits plans as at June 30, 2015 and December 31, 2014 are as follows: