FIXED ASSETS 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 - 64 - Beban penyusutan dan deplesi aset tetap dialokasikan sebagai berikut: Depreciation and depletion expense of fixed assets was allocated as follows: 30 Juni 30 Juni June 30, June 30, 2015 2014 Unaudited Unaudited Beban pabrikasi 636.053.793 275.446.474 Manufacturing cost Beban usaha 42.553.374 18.723.977 Operating expenses Jumlah 678.607.167 294.170.451 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 30 Juni 2015 tingkat penyelesaian atas aset dalam penyelesaian adalah sebagai berikut: The completion stage of construction in progress as of June 30, 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 30 Juni 2015 dan 31 Desember 2014, selisih kurs mata uang asing yang merupakan lindung nilai atas komitmen pengadaan peralatan utama masing- masing sebesar Rp38.183.320 dan RpNihil pada tanggal 30 Juni 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 June 30, 2015 and December 31, 2014, respectively, and foreign currency exchange differences arose from hedging commitments for the procurement of main equipment of Rp38,183,320 and RpNil, as of June 30, 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 30 Juni 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 June 30, 2015 and December 31, 2014, are as follows: • Aset sewa pembiayaan masing-masing sebesar Rp5.687.220 dan Rp79.852.524. • Assets under finance leases of Rp5,687,220 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. 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 - 65 - • Reklasifikasi dari uang muka proyek masing- masing sebesar Rp149.865.968 dan Rp41.408.540. • Reclassification of project advances of Rp149,865,968 and Rp41,408,540, respectively. • Kapitalisasi biaya pembongkaran masing- masing sebesar Rp399.395 dan Rp2.226.615. • Capitalization of costs of dismantling of Rp399,395 and Rp2,226,615, respectively. Aset tetap tertentu digunakan sebagai jaminan atas fasilitas pinjaman non-cash loan dan fasilitas kredit investasi Catatan 20. Certain fixed assets are used as collateral for non- cash loan facilities and credit investment facilities Note 20. Jumlah harga perolehan tercatat aset tetap yang telah disusutkan penuh dan masih digunakan pada tanggal 30 Juni 2015 dan 31 Desember 2014 masing-masing sebesar Rp3.000.473.290 dan Rp3.051.175.714. The carrying amount of fixed assets that are fully depreciated and still in use for production as of June 30, 2015 and December 31, 2014, amounted to Rp3,000,473,290 and Rp3,051,175,714, respectively. Nilai wajar aset tetap pada tanggal 30 Juni 2015 dan 31 Desember 2014 masing-masing sebesar Rp53.408.916.807 dan Rp34.193.436.580. Fair value of fixed assets as of June 30, 2015 and December 31, 2014 amounted to Rp53,408,916,807 and Rp34,193,436,580, respectively. Rincian laba penjualan aset tetap adalah sebagai berikut: Details of gain on sale of fixed assets are as follows: 30 Juni 30 Juni June 30, June 30, 2015 2014 Unaudited Unaudited Hasil penjualan neto 755.935 4.095.227 Net proceeds from sale Biaya perolehan: Acquisition cost: Alat berat 15.128 13.425.394 Heavy equipment Peralatan - 146.726 Equipment 15.128 13.572.120 Akumulasi penyusutan: Accumulated depreciation: Alat berat 15.128 13.425.394 Heavy equipment Peralatan - 146.726 Equipment 15.128 13.572.120 Nilai buku neto - - Net book value Laba penjualan aset tetap 755.935 4.095.227 Gain on sale of fixed assets Pada tanggal 15 Januari 2009, Direktur Jenderal Industri Agro dan Kimia - Kementerian Perindustrian Republik Indonesia “DJIAK-Menperin” menanda- tangani nota kesepahaman mengenai Model Project for Waste Heat Recovery Power Generation in the Cement Industry “WHRPG” dengan The New Energy and Industrial Technology Development Organization, Jepang “NEDO”. Pada proyek ini, peralatan pihak NEDO dipasang pada fasilitas pabrik SP dan SP berkewajiban menyediakan infrastruktur dan peralatan pendukung dari proyek tersebut. Sampai dengan tanggal 30 Juni 2015 SP telah mengeluarkan dana sebesar Rp89.216.346 untuk infrastruktur dan peralatan pendukung yang dicatat sebagai aset tetap Catatan 48.3. On January 15, 2009 the Director General of Agro and Chemical Industry - Ministry of Industry of the Republic of Indonesia DJIAK-Menperin signed a memorandum of understanding regarding the Model Project for Waste Heat Recovery Power Generation in the Cement Industry WHRPG with The New Energy and Industrial Technology Development Organization, Japan NEDO. On this project, NEDO’s equipments are installed on SP’s plant facilities and SP shall provide the infrastructure and support equipment of the project. Through June 30, 2015, SP has spent of Rp89,216,346 for the infrastructure and support equipment that are recorded as fixed assets Note 48.3. 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 - 66 - Proyek tersebut telah dapat beroperasi dan telah diresmikan oleh Menteri Perindustrian Republik Indonesia dan perwakilan dari NEDO pada tanggal 26 Oktober 2011. The project has been operating and was inaugurated by the Minister of Industry of the Republic of Indonesia and a representative from NEDO on October 26, 2011. Pada tanggal 2 Januari 2013, Kementerian Perindustrian Republik Indonesia melalui Direktur Jenderal Basis Industri Manufaktur menyerahkan penggunaan dan pemanfaatan mesin dan peralatan Waste Heat Recovery Power Generation kepada SP. On January 2, 2013, Ministry of Industry of the Republic of Indonesia through the Director General of Basic Manufacturing Industry passes the operation and utilization of Waste Heat Recovery Power Generation equipment to the SP. Pada tanggal 30 Juni 2015 dan 31 Desember 2014, seluruh aset tetap dan properti investasi, kecuali tanah, telah diasuransikan dengan jumlah pertanggungan masing-masing sebesar Rp40.138.515.346 dan Rp39.267.784.936. On June 30, 2015 and December 31, 2014, all of fixed assets and investment properties, excluding land, were insured with total coverage of Rp40,138,515,346 and Rp39,267,784,936, respectively. Manajemen Grup berpendapat bahwa jumlah pertanggungan asuransi tersebut memadai untuk menutup kemungkinan kerugian atas aset yang dipertanggungkan. Management of the Group believes that the insurance coverage is adequate to cover possible losses on the assets insured. 16. BEBAN TANGGUHAN 16. DEFERRED CHARGES 30 Juni 31 Desember June 30, December 31, 2015 2014 Unaudited Unaudited Sewa jangka panjang 95.630.939 82.809.678 Long-term prepaid rent Instalasi listrik dan telepon 25.340.595 25.340.595 Telephone and electrical installation Pengurusan hak atas tanah 4.673.150 - Land rights processing Lain-lain 28.350.579 31.553.362 Others 153.995.263 139.703.635 Akumulasi amortisasi 32.446.951 26.387.018 Accumulated amortization Jumlah 121.548.312 113.316.617 Total Sewa jangka panjang merupakan biaya sewa tanah yang diamortisasi selama dua puluh hingga lima puluh tahun. Long-term prepaid rent represents land rental, which are amortized over twenty to fifty years. Biaya instalasi telepon dan listrik diamortisasi selama lima tahun. The cost of telephone and electrical installations are amortized over five years. 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 - 67 - 17. ASET TAKBERWUJUD

17. INTANGIBLE ASSETS

MUTASI MOVEMENTS 31 Desember 30 Juni December 31, Selisih kurs June 30, 2014 Penambahan Pengurangan Reklasifikasi Foreign 2015 Unaudited Additions Deductions Reclassifications exchange Unaudited Biaya perolehan: Acquisition cost: Lisensi 749.377.632 - - - 28.499.251 777.876.883 Licenses Merek dagang 170.765.236 - - - 6.494.298 177.259.534 Trademark Piranti perangkat lunak 172.741.046 - - - 25.524 172.766.570 Computer software Pengurusan perpanjangan hak atas tanah 10.170.105 846.458 - - - 11.016.563 Land rights renewal Goodwill 155.881.265 - - - 5.928.252 161.809.517 Goodwill 1.258.935.284 846.458 - - 40.947.325 1.300.729.067 Akumulasi amortisasi Accumulated amortization dan penurunan nilai: and impairment: Lisensi 37.468.882 - - - 13.160.229 24.308.653 Licenses Merek dagang 34.153.047 - - - 11.995.605 22.157.442 Trademark Piranti perangkat lunak 80.814.073 16.631.135 - - 60.153 97.505.361 Computer software Pengurusan perpanjangan hak atas tanah 2.802.027 641.181 - - - 3.443.208 Land rights renewal 155.238.029 17.272.316 - - 25.095.681 147.414.664 Nilai buku neto 1.103.697.255 1.153.314.403 Net book value Merek dan lisensi merupakan aset takberwujud yang diakui sehubungan dengan akusisi TLCC. Trademark and license represent intangible assets recognized in connection with the acquisition of TLCC. Beban amortisasi aset tak-berwujud seluruhnya dicatat pada beban penjualan dan beban umum dan administrasi dalam laporan laba rugi komprehensif konsolidasian. Amortization of intangible assets is recorded to selling and general and administration expenses in the consolidated statements of comprehensive income. 18. UANG MUKA INVESTASI 18. ADVANCES FOR INVESTMENT 30 Juni 31 Desember June 30, December 31, 2015 2014 Unaudited Unaudited Proyek Pabrik Rembang 497.623.100 245.409.252 Rembang Plant Project Pembelian barang investasi 110.647.312 31.990.304 Purchase of investment goods Pabrik Semen Indarung VI 106.879.360 254.535.704 Indarung VI Cement Plant Jumlah 715.149.772 531.935.260 Total Akun ini merupakan uang muka pembelian barang modal dan akan direklasifikasi ke dalam aset dalam penyelesaian pada saat pengiriman peralatan kepada Grup. This account represents advances for capital expenditures and will be reclassified into construction in progress upon delivery of the related equipment to the Group.