Establishment and General Information

DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE YANG BERAKHIR PADA TANGGAL-TANGGAL 31 MARET 2017 DAN 2016 Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain Lanjutan PT SEMEN INDONESIA PERSERO Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED MARCH 31, 2017 AND 2016 Expressed in thousands of Rupiah, unless otherwise stated Continued - 7 - kegiatan-kegiatan yang mencakup reduksi, penyimpanan, pengumpulan, pengangkutan, pemanfaatan, pengolahan, danatau penimbunan limbah B3, termasuk penimbunan hasil pengolahan tersebut. transportation, utilization, processing, andor stockpiling of B3 waste, including the stockpiling of the result of the waste. Lokasi pabrik semen Perseroan dan Entitas Anak “Grup“ berada di Gresik dan Tuban di Jawa Timur, Indarung di Sumatera Barat, Pangkep di Sulawesi Selatan dan Quang Ninh di Vietnam. Hasil produksi Grup dipasarkan di dalam dan di luar negeri. The Company and its subsidiaries “the Group” cement plants are located in Gresik and Tuban in East Java, Indarung in West Sumatera, Pangkep in South Sulawesi and Quang Ninh in Vietnam. The Groups products are marketed domestically and internationally. Perseroan berkedudukan dan berkantor pusat di Jl. Veteran, Gresik 61122, Jawa Timur. Perseroan memulai kegiatan komersialnya pada tanggal 7 Agustus 1957. The Company’s head office is located at Jl. Veteran, Gresik 61122, East Java. The Company commenced commercial operations on August 7, 1957. Pemegang saham pengendali Perseroan adalah Pemerintah Republik Indonesia. The Companys controlling shareholder is the Government of the Republic of Indonesia. Susunan Dewan Komisaris dan Direksi Perseroan, Komite Audit, Kepala Internal Audit dan Sekretaris Perusahaan pada tanggal 31 Maret 2017 dan 2016 adalah sebagai berikut: The members of the Company’s Board of Commissioners and Directors, member of Audit Committee, Head of Internal Audit, and Corporate Secretary as at March 31, 2017 and 2016 were as follows: 31 Maret 31 Maret March 31, March 31, 2017 2016 Dewan Komisaris Board of Commissioners Komisaris Utama Sutiyoso Mahendra Siregar President Commissioner Komisaris Hambra Achmad Jazidie Commissioner Komisaris Astrea Primanto Bhakti Marwanto Harjowiryono Commissioner Komisaris Sony Subrata Sony Subrata Commissioner Komisaris Independen Wahyu Hidayat Wahyu Hidayat Commissioner Komisaris Independen Djamari Chaniago Hadi Waluyo Independent Commissioner Komisaris Independen Nasaruddin Umar Muchammad Zaidun Independent Commissioner Direksi Directors Direktur Utama Rizkan Chandra Suparni President Director Direktur Ahyanizzaman Ahyanizzaman Director Direktur Budi Siswoyo Rizkan Chandra Director Direktur Darmawan Junaidi Amat Pria Darma Director Direktur Aunur Rosyidi Aunur Rosyidi Director Direktur Agung Yunanto Gatot Kustyadji Director Direktur Johan Samudra Johan Samudra Director Komite Audit Audit Committee Ketua Djamari Chaniago Hadi Waluyo Chairman Anggota Hambra Achmad Jazidie Member Anggota Sahat Pardede Sahat Pardede Member Anggota merangkap Sekretaris Elok Tresnaningsih Elok Tresnaningsih Member concurrently Secretary Kepala Internal Audit Ginarko Isnubroto Ginarko Isnubroto Head of Internal Audit Sekretaris Perusahaan Agung Wiharto Agung Wiharto Corporate Secretary Personil manajemen kunci meliputi Dewan Komisaris dan Direksi Perseroan. Kompensasi imbalan kerja jangka pendek yang dibayarkan kepada personil manajemen kunci Perseroan untuk periode yang berakhir pada 31 Maret 2017 sebesar Rp4.642.454 31 Maret 2016: Rp6.614.848. Tidak ada kompensasi dalam Key management pe rsonnel are the Company’s Board of Commissioners and Directors. Short-term compensation paid to the key management personnel of the Company for the period ended March 31, 2017 amounted to Rp4,642,454 March 31, 2016: Rp6,614,848. There is no compensation of post-employment DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE YANG BERAKHIR PADA TANGGAL-TANGGAL 31 MARET 2017 DAN 2016 Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain Lanjutan PT SEMEN INDONESIA PERSERO Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED MARCH 31, 2017 AND 2016 Expressed in thousands of Rupiah, unless otherwise stated Continued - 8 - bentuk imbalan pascakerja, imbalan kerja jangka panjang lainnya, pesangon pemutusan kontrak kerja dan pembayaran berbasis saham. benefits, other long-term benefits, termination benefits, and share-based payment. Pada tanggal 31 Maret 2017 dan 2016, Grup mempunyai masing-masing 7.080 dan 6.592 karyawan. As of March 31, 2017 and 2016, the Group had 7,080 and 6,592 employees, respectively. b. Entitas Anak b. Consolidated Subsidiaries Kepemilikan saham Perseroan pada entitas anak yang dikonsolidasi adalah sebagai berikut: The Company’s ownership interests in consolidated subsidiaries are as follows: Dimulainya kegiatan komersial Jenis usaha 31 Maret 31 Desember Start of 31 Maret 31 Desember Entitas anak Domisili Nature of March 31, December 31, commercial March 31, December 31, Subsidiaries Domicile business 2017 2016 operations 2017 2016 PT Semen Padang “SP” Indarung, Sumatera Barat Produsen semen 99,99 99,99 1913 9.170.428.937 9.210.952.435 West Sumatera Cement manufacturing PT Sepatim Batamtama Batam, Riau Pengantongan semen dan distribusi 97,00 97,00 1994 34.843.384 33.050.558 “SB” 97 saham dimiliki SP Cement packing and distribution 97 shares owned by SP PT Bima Sepaja Abadi ”BSA” 80 saham Tanjung Priok, Pengantongan semen dan distribusi 80,00 80,00 1996 158.907.540 163.322.799 dimiliki SP80 shares owned by SP Jakarta Cement packing and distribution PT Semen Tonasa “ST” Pangkep, Sulawesi Selatan Produsen semen 99,99 99,99 1968 8.567.903.599 8.730.454.358 South Sulawesi Cement manufacturing PT Semen Gresik “SG” Gresik, Jawa Timur Produksi semen 99,96 99,96 - 5.183.944.907 4.814.349.323 East Java Cement manufacturing PT United Tractors Semen Gresik “UTSG” Tuban, Jawa Timur Penambangan batu kapur dan tanah liat 55,00 55,00 1992 444.981.790 380.306.292 East Java Limestone and clay mining PT Industri Kemasan Semen Gresik “IKSG”Tuban, Jawa Timur Produsen kantong semen 60,00 60,00 1994 273.362.953 273.525.109 East Java Cement bag manufacturing PT Kawasan Industri Gresik “KIG” Gresik, Jawa Timur Pengembangan kawasan industri 65,00 65,00 1991 336.706.472 341.708.176 East Java Industrial real estate PT SGG Energi Prima ”SEP” Gresik, Jawa Timur Pertambangan, perdagangan 97,00 97,00 2012 149.995.652 93.906.025 East Java dan pengangkutan Batubara Mining, trade and coal transportations PT Semen Indonesia Beton ”SIB” dahulu Jakarta Selatan, Produksi beton siap pakai 99,99 99,99 2012 1.401.824.039 1.421.925.523 bernama PT SGG Prima Beton SPB DKI Jakarta Ready mix concrete previously named PT SGG Prima Beton PT Varia Usaha Beton VUB Sidoarjo, Jawa Timur Produksi beton siap pakai 63,15 36,67 1991 603.643.029 594.612.752 50,90 saham dimiliki SIB dan East Java Ready mix concrete production 49,10 saham dimiliki SIL 50,90 shares owned by SIB and 49,10 shares owned by SIL PT Krakatau Semen Indonesia KSI Cilegon, Jawa Barat Pasir Blast Furnace Slag 99,48 50,00 2014 282.418.294 242.366.162 West Java Ground Granulated Blast Furnance Slag GGBFS PT Sinergi Informatika Semen Indonesia Jakarta Selatan, Sistem Informasi 100,00 100,00 2014 93.923.936 89.673.220 SISI DKI Jakarta Information system PT Semen Indonesia Aceh SIA Aceh, Produksi semen 38,28 38,28 2016 477.947.406 466.951.438 Sumatera Cement manufacturing PT Semen Indonesia International SII Jakarta Selatan, Perdagangan jasa pelayanan, 100,00 100,00 2016 40.690.455 6.472.445 DKI Jakarta manajemen logistik, dan investasi Thang Long Cement Joint Hanoi, Produksi semen 70,00 70,00 2008 2.803.998.301 2.951.778.700 Stock Company ”TLCC” Vietnam Cement manufacturing Thang Long Cement Joint Stock Company 2Hanoi, Produksi semen 69,57 69,57 - 39.241.054 39.852.420 ”TLCC2” 99,08 saham dimiliki TLCC Vietnam Cement manufacturing 99.08 shares owned by TLCC An Phu Cement Joint Stock Company ”APC ” Hanoi, Produksi semen 69,93 69,93 - 54.584.808 55.900.217 99,90 saham dimiliki TLCC Vietnam Cement manufacturing 99.90 shares owned by TLCC PT Semen Kupang Indonesia ”SKI” Kupang Produksi semen 99,48 99,48 - 190.402.386 191.254.760 NTT Cement manufacturing PT Semen Indonesia Logistik SIL Gresik Jawa Timur Perdagangan, transportasi, Jasa bongkar 73,65 73,65 1974 1.923.692.153 1.753.895.831 dahulu bernama PT Varia Usaha VU East Java muat dan konstruksiTrade, Transporation, previously named PT Varia Usaha and Construction PT Waru Abadi WA Gresik Jawa Timur PerdaganganTrading 73,61 73,61 1989 293.586.318 270.622.006 East Java PT Varia Usaha Bahari VUBA Gresik Jawa Timur Jasa bongkar muat 73,65 73,65 1992 78.744.913 64.530.843 64,00 saham dimiliki SIL dan East Java Stevedoring services 36,00 saham dimiliki WA entitas anak SIL 64,00 shares owned by SIL and 36,00 shares owned by WA the subsidiary of SIL PT Varia Usaha Dharma Segara VUDS Gresik Jawa Timur Jasa pengurusan transportasi 73,65 73,65 1995 38.543.892 43.594.380 48,00 saham dimiliki SIL dan East Java Freight forwarding 52,00 saham dimiliki WA entitas anak SIL 48,00 shares owned by SIL and 52,00 shares owned by WA the subsidiary of SIL PT Varia Usaha Lintas Segara VULS Gresik Jawa Timur Jasa transportasi laut 73,65 73,65 1997 84.643.278 54.080.857 60,00 saham dimiliki SIL dan East Java Ocean freight 40,00 saham dimiliki VUBA entitas anak SIL 60,00 shares owned by SIL and 40,00 shares owned by VUBA the subsidiary of SIL Jumlah aset sebelum eliminasi Total assets before eliminations Persentase kepemilikan Percentage of Ownership DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE YANG BERAKHIR PADA TANGGAL-TANGGAL 31 MARET 2017 DAN 2016 Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain Lanjutan PT SEMEN INDONESIA PERSERO Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED MARCH 31, 2017 AND 2016 Expressed in thousands of Rupiah, unless otherwise stated Continued - 9 - Pada tanggal 1 Juni 2016, berdasarkan Akta Notaris No. 12, Notaris Leolin Jayayanti, S.H., M.Kn., Perseroan mendirikan PT Semen Indonesia International SII. Akta ini disahkan oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dalam surat keputusan No. AHU-0027320.AH.01.01.tahun 2016, tanggal 6 Juni 2016. Hingga 31 Maret 2017, SII belum beroperasi secara komersial. On June 1, 2016, based on Notarial Deed No. 12, Notary of Leolin Jayayanti, S.H., M.Kn., the Company established PT Semen Indonesia International SII. The deed was approved by Minister of Law and Human Rights of the Republic of Indonesia in his Decision Letter No. AHU-0027320.AH.01.01.tahun 2016, dated June 6, 2016. As of March 31, 2017, SII has not yet started its commercial operation. Pada tanggal 17 Maret 2016, berdasarkan Akta Notaris No. 40, Notaris Leolin Jayayanti, S.H, Perseroan dan PT Samana Citra Agung SCA mendirikan Perusahaan dengan nama PT Semen Indonesia Aceh SIA. Akta ini disahkan oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dalam surat keputusan No. AHU-0014511.AH.01.01.tahun 2016, tanggal 18 Maret 2016. Pada tanggal 31 Maret 2017, SIA belum beroperasi secara komersial. On March 17, 2016, based on Notarial Deed No. 40, Notary of Leolin Jayayanti, S.H, the Company and PT Samana Citra Agung SCA established a Company, PT Semen Indonesia Aceh SIA. The deed was approved by Minister of Law and Human Rights of the Republic of Indonesia in his decision letter No. AHU-0014511.AH.01.01.tahun 2016, dated March 18, 2016. As of March 31, 2017, SIA has not yet started its commercial operation. Direksi Perseroan menilai apakah Grup memiliki pengendalian atas SIA berdasarkan kemampuan Grup untuk mengarahkan kegiatan yang relevan dari SIA secara sepihak. Dalam membuat pertimbangannya, Direksi mempertimbangkan surat kuasa dari SCA kepada Perseroan untuk melaksanakan kewenangan sebagai pemegang saham mayoritas dalam Rapat Umum Pemegang Saham SIA. Setelah penilaian, direksi menyimpulkan bahwa Grup memiliki hak suara yang cukup dominan untuk mengarahkan kegiatan yang relevan dari SIA dan karenanya Grup memiliki pengendalian atas SIA. The directors of the Company assessed whether or not the Group has control over SIA based on the practical abilitiy of the Group to direct the relevant activities of SIA unilaterally. In making their judgment, the directors considered the letter of power of attorney from SCA to the Company in which to exercise power as majority shareholder in the General Meeting of Shareholder of SIA. After assessment, the directors concluded that the Group has a sufficiently dominant voting interest to direct the relevant activities of SIA. Pada tanggal 19 Desember 2016 sesuai Keputusan Para Pemegang Saham Diluar Rapat Umum Pemegang Saham, para pemegang saham menyetujui penambahan modal saham ditempatkan di SIA menjadi 454.500 saham dengan nilai per lembar saham Rp1.000.000 dengan kepemilikan Perseroan adalah 173.990 saham atau sebanyak 38,28. On December 19, 2016, based on Decision of Shareholder outside General Meeting of Shareholder, the shareholders agreed to increase its investment in SIA to become 454,500 shares with par value per share of Rp1,000,000 with the ownership of the Company is 173,990 or by 38.28. Pada tanggal 7 September 2016, berdasarkan Akta Notaris No. 20, Notaris Fatimah Zakiyyah, S.Si, S.H,M.Kn, para pemegang saham SIB menyetujui penambahan modal dasar dan modal ditempatkan SIB dan menyetujui perubahan nama SIB semula PT SGG Prima Beton menjadi PT Semen Indonesia Beton. Akta ini dietujui oleh Menteri Hukum dan Hak Asasi Manusia Republik dalam surat keputusan No. AHU-0016229.AH.01.02 tahun 2016 tanggal 7 September 2016. On September 17, 2016, based on Notarial Deed No. 20, Notary of Fatimah Zakiyyah, S.Si, S.H,M.Kn, the shareholders of the SIB agreed to increase its authorized and issued capital and change its name from PT SGG Prima Beton to become PT Semen Indonesia Beton SIB. The deed was approved by Minister of Law and Human Rights of the Republic of Indonesia in his decision letter No. AHU-0016229.AH.01.02 tahun 2016, dated September 7, 2016.