PERJANJIAN DAN IKATAN PENTING SIGNIFICANT

Indonesian language. PT MNC LAND Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Untuk tahun-tahun yang Berakhir pada tanggal-tanggal 31 Desember 2014 dan 2013 Disajikan dalam Rupiah, kecuali dinyatakan lain PT MNC LAND Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the years ended December 31, 2014 and 2013 Expressed in Rupiah, unless otherwise stated 113 40. SEGMEN OPERASI lanjutan 40. OPERATING SEGMENT continued 2013 Apartemen Hotel, Resor Penyewaan Ruang dan properti Jasa Keamanan Dan Golf Perkantoran lainnya dan lain-lain Hotel, Resort Office Space Apartment and Security and Konsolidasi and Golf Rental other property other services Consolidation Pendapatan usaha 439.936.062.118 118.100.884.266 - 30.071.825.388 588.108.771.772 Revenues Laba kotor 191.505.295.494 66.610.966.897 - 2.305.103.745 260.421.366.136 Gross profit Laba usaha 89.929.577.281 21.680.000.659 - 7.805.413.458 103.804.164.482 Operating income Bagian laba bersih Equity in net income of entitas asosiasi 12.144.871.286 associates Pendapatan keuangan 7.450.071.306 Finance income Biaya keuangan 30.884.935.162 Finance cost Laba selisih Gain on kurs – bersih 6.449.933.094 foreign exchange - net Keuntungan dari Gain on pembelian dengan diskon 265.181.859.783 bargain purchase Lain–lain bersih 9.213.279.591 Others - net Laba sebelum pajak penghasilan 342.032.819.010 Income before tax expense Manfaat pajak penghasilan 43.141.457.888 Income tax expense Laba tahun berjalan 298.891.361.122 Income for the year Informasi lainnya Other information Aset segmen 1.489.498.111.300 5.521.998.284.369 - 112.167.330.839 7.123.663.726.508 Segment assets Dampak eliminasi 237.765.482.640 Elimination Total aset 7.361.429.209.148 Total assets Liabilitas segmen 728.398.596.635 881.929.172.737 - 95.555.445.554 1.705.883.214.926 Segment liabilities Dampak eliminasi 441.773.600.232 Elimination Total liabilitas 1.264.109.614.694 Total liabilities

41. ASET DAN LIABILITAS MONETER DALAM MATA UANG ASING

41. MONETARY ASSETS AND LIABILITIES IN

FOREIGN CURRENCIES Pada tanggal 31 Desember 2014 dan 2013, Perusahaan dan entitas anak mempunyai aset dan liabilitas moneter dalam mata uang asing sebagai berikut: On December 31, 2014 and 2013, the Company and its subsidiaries have monetary assets and liabilities in foreign currencies as follows: 31 Desember 2014 31 Desember 2013 December 31, 2014 December 31, 2013 Mata uang asing Foreign currency Ekuivalen Equivalent in Mata uang asing Foreign currency Ekuivalen Equivalent in Rp Rp Aset Assets Cash and cash Kas dan setara kas US 1.147.711 14.277.522.721 US 2.311.075 28.169.437.381 equivalents Piutang usaha US 333.276 4.145.953.440 US 815.179 9.936.222.316 Trade receivables Lainnya - - Others - 174.178 Total Aset 18.423.476.161 38.105.833.875 Total Assets Indonesian language. PT MNC LAND Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Untuk tahun-tahun yang Berakhir pada tanggal-tanggal 31 Desember 2014 dan 2013 Disajikan dalam Rupiah, kecuali dinyatakan lain PT MNC LAND Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the years ended December 31, 2014 and 2013 Expressed in Rupiah, unless otherwise stated 114

41. ASET DAN LIABILITAS MONETER DALAM MATA UANG ASING lanjutan

41. MONETARY ASSETS AND LIABILITIES IN

FOREIGN CURRENCIES continued 31 Desember 2014 31 Desember 2013 December 31, 2014 December 31, 2013 Mata uang asing Foreign currency Ekuivalen Equivalent in Mata uang asing Foreign currency Ekuivalen Equivalent in Rp Rp Liabilitas Liabilities Utang usaha US 1.311.732 14.078.746.080 US 436.909 5.325.486.726 Trade payables Euro - - Euro 9.054 152.297.334 GBP 375.000 7.263.875.625 GBP - - SGD 12.755 120.182.152 SGD - - Lainnya - - Others 48.612.191 Utang lain-lain US 104.353 1.298.151.320 US 932.452 11.365.651.334 Other payables SGD 4.378 41.249.976 SGD - - Beban masih harus dibayar US 184.077 - 2.289.917.880 US 849.836 10.358.645.205 Accrued expenses Utang jangka panjang US 1.433.411 17.831.628.214 US 4.551.595 55.479.400.207 Long-term liabilities Total liabilitas 42.923.751.247 82.730.092.997 Total liabilities Liabilitas Bersih 24.500.275.086 44.624.259.122 Net Liabilities 42. BIAYA KEUANGAN 42. FINANCE COST Rincian beban keuangan adalah sebagai berikut: The details of finance cost are as follows: 2014 2013 Beban bunga dari: Interest expense on: Utang bank 45.612.090.169 28.984.127.708 Bank loans Utang lembaga pembiayaan 1.418.415.294 488.913.156 Loan payable to financing instituition Utang anjak piutang 564.151.418 620.716.975 Factoring liabilities Lainnya 892.233.106 791.177.323 Others Total 48.486.889.987 30.884.935.162 Total

43. TUJUAN DAN

KEBIJAKAN MANAJEMEN RISIKO KEUANGAN 43. FINANCIAL RISK MANAGEMENT POLICY AND OBJECTIVES Manajemen risiko Risk management Risiko utama yang timbul dari instrumen keuangan Perusahaan adalah sebagai berikut: The main risks arising from the Company’s financial instruments are as follows:

a. Risiko kredit

a. Credit risk

Risiko kredit adalah risiko bahwa Perusahaan akan mengalami kerugian yang timbul dari pelanggan, klien atau pihak lawan yang gagal memenuhi liabilitas kontraktual mereka. Perusahaan mengelola dan mengendalikan risiko kredit dengan menetapkan batasan jumlah risiko yang dapat diterima untuk pelanggan individu dan memantau eksposur terkait dengan batasan-batasan tersebut. Credit risk is the risk that the Company will incur a loss arising from its customers, clients or counterparties that fail to discharge their contractual obligations. The Company manages and controls this credit risk by setting limits on the amount of risk it is willing to accept for individual customers and by monitoring exposures in relation to such limits.