INVENTORIES Continued FINANCIAL STATEMENT MAR 2016

These Consolidated Financial Statements are Originally Issued in Indonesian Language PT MITRA INVESTINDO Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Untuk periode 3 bulan yang berakhir pada tanggal-tanggal 31 Maret 2016 dan 2015 Dinyatakan dalam Rupiah, kecuali dinyatakan lain PT MITRA INVESTINDO Tbk AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS For the 3 months period ended 31 March 2016 and 2015 Expressed in Rupiah, unless otherwise stated 49 10. ASET PERTAMBANGAN – BERSIH 10. MINING PROPERTIES – NET 31 Maret March 2016 31 Desember December 2015 Biaya perolehan 9.137.504.925 9.137.504.925 Costs Akumulasi amortisasi Accumulated amortization Saldo awal 5.745.581.613 5.158.730.446 Beginning balance Penambahan tahun berjalan 106.373.934 586.851.167 Addition during the year Saldo akhir 5.851.955.547 5.745.581.613 Ending balance Jumlah 3.285.549.378 3.391.923.312 Total Dikurangi: Less: Cadangan kerugian penurunan nilai 3.094.472.172 3.094.472.172 Allowance for impairment losses Bersih 191.077.206 297.451.140 Net Berdasarkan Perjanjian Pengalihan Ijin Penambangan Tambang Batu Granit Bukit Piatu No. 63.a2519OAT2009 tanggal 6 April 2009, PT Aneka Tambang Persero Tbk Antam sepakat untuk mengalihkan Ijin Penambangan atas tambang batu granit yang terletak di Bukit Piatu, Kijang, kepada Grup dengan biaya perolehan sebesar SGD 1.290.212,59. Based on Bukit Piatu Granite Mining License Transfer Agreement No. 63.a2519OAT2009 dated 6 April 2009, PT Aneka Tambang Persero Tbk Antam agreed to transfer its mining license on granite mine located at Bukit Piatu, Kijang, to the Group for a total acquisition cost of SGD 1,290,212.59. Pemulihan aset pertambangan bergantung pada keberhasilan pengembangan dan eksploitasi komersial atau penjualan area of interest tersebut. Ultimate recoupment of mining properties carried forward is dependent upon successful development and commercial exploitation, or alternatively, sale of the respective area of interest. Pada tanggal 31 Desember 2015, manajemen Grup berkeyakinan bahwa cadangan kerugian penurunan nilai untuk aset pertambangan telah memadai untuk menutupi kerugian yang mungkin timbul akibat dari penurunan nilai tersebut. As of 31 December 2015, the management of the Group believes that the allowance for impairment losses of mining properties was sufficient to cover possible losses that might arising from such impairment. Pada tanggal 31 Maret 2016, Manajemen Grup berkeyakinan bahwa tidak terdapat kondisi atau peristiwa yang menimbulkan indikasi penurunan nilai atas jumlah tercatat aset pertambangan, sehingga tidak diperlukan cadangan kerugian penurunan nilai untuk aset minyak dan gas bumi. As of 31 March 2016, The Management of the Group believes that there was no condition nor event that indicates impairment in the carrying amount of its mining properties, and therefore an allowance for impairment losses of oil and gas properties was not considered necessary.