INCOME TAX FinRpt TW1 SMGR SMGR LK TW I Maret 2015

AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED MARCH 31, 2015 AND 2014 Expressed in thousands of Rupiah, unless otherwise stated Continued - 103 - 31 Maret 31 Maret March 31, March 31, 2015 2014 Unaudited Unaudited Laba konsolidasian sebelum Consolidated income before beban pajak penghasilan 1.500.736.866 1.703.702.261 income tax Laba entitas anak sebelum Subsidiaries’ income before beban pajak penghasilan 388.273.031 478.013.538 income tax Bagian atas laba bersih entitas Equity in net income asosiasi 6.740.985 7.045.743 of associates Disesuaikan dengan jurnal Adjusted for consolidation eliminasi konsolidasi 5.944.298 5.123.095 eliminations Laba sebelum pajak penghasilan Income before income tax - Perseroan 1.099.778.552 1.213.519.885 the Company Perbedaan permanen: Permanent differences: Differences between Perbedaan nilai buku fiskal dan fiscal and commercial komersial atas aset tetap 8.774.330 10.460.633 net book value of fixed assets Kesejahteraan karyawan 7.392.055 13.774.742 Employee welfare Penyisihan promosi Provision for sales promotion peningkatan penjualan 2.078.945 1.596.261 expense Pendapatan yang telah dikenakan Income subject to final tax, pajak penghasilan final 64.310.974 36.721.754 recorded on a net of tax basis Lain-lain 15.582.465 35.940.181 Others 49.425.179 25.050.063 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 33.624.585 61.994.424 assets and deferred charges Aset sewa pembiayaan 1.255.434 1.255.434 Leased assets Liabilitas imbalan kerja 15.678.818 5.777.373 Employee benefits liabilities Cadangan persediaan usang Allowance for obsolete and dan bergerak lambat 184.257 257.653 slow moving inventories Allowance for impairment of Cadangan penurunan nilai piutang 697.918 1.203.693 receivable Penyisihan untuk beban restorasi - 571.834 Provision for restoration expenses Tunjangan produktivitas dan uang jasa 63.912.448 9.182.017 Productivity allowances and incentive Penyisihan lainnya 32.819.332 31.279.626 Other provisions 77.016.918 16.121.330 Laba kena pajak - Perseroan 1.127.370.291 1.222.448.618 Taxable income - the Company Beban pajak penghasilan Income tax expense Perseroan - kini 225.474.062 244.489.728 the Company - current Beban pajak penghasilan Income tax expense entitas anak - kini 106.159.951 134.263.128 subsidiaries - current 331.634.013 378.752.856 Perhitungan beban dan utang pajak kini Perseroan adalah sebagai berikut: Current tax expense and payable of the Company are computed as follows: 31 Maret 31 Maret March 31, March 31, 2015 2014 Unaudited Unaudited Beban pajak kini 225.474.062 244.489.728 Current tax expense Dikurangi pembayaran pajak dimuka 154.041.633 195.501.652 Less prepaid taxes Utang pajak kini Catatan 25 71.432.429 48.988.076 Current tax payable Note 25 AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED MARCH 31, 2015 AND 2014 Expressed in thousands of Rupiah, unless otherwise stated Continued - 104 - 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. Pajak penghasilan yang diakui dalam pendapatan komprehensif lain Income tax recognized in other comprehensive income 31 Maret 31 Maret March 31, March 31, 2015 2014 Manfaatbeban yang diakui dalam Benefitexpense recognized pendapatan komprehensif lain: in other comprehensive income: Selisih kurs penjabaran Exchange different from translation laporan keuangan - 140.006 of financial statements Jumlah pajak penghasilan yang diakui dalam pendapatan Total income tax recognized komprehensif lain - 140.006 in other comprehensive income AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED MARCH 31, 2015 AND 2014 Expressed in thousands of Rupiah, unless otherwise stated Continued - 105 - Pajak Tangguhan Deferred Tax Dikreditkan dibebankan ke laporan laba rugi komprehensif konsolidasian Credited charged to 31 Desember consolidated 31 Maret December 31, statement of March 31, 2014 comprehensive 2015 Unaudited income Unaudited Asetliabilitas pajak tangguhan - neto Deferred tax assetsliabilities - net Perseroan The Company Aset tetap 130.496.765 7.851.535 138.348.300 Fixed assets Aset sewa pembiayaan 1.529.805 251.087 1.278.718 Leased assets Beban tangguhan dan Deferred charges and intangible aset takberwujud 5.440.550 17.558.214 12.117.664 assets Liabilitas imbalan kerja 17.035.912 3.135.764 20.171.676 Employee benefits liabilities Cadangan persediaan usang dan Allowance for obsolete and slow bergerak lambat 13.133.094 36.851 13.169.945 moving inventories Cadangan penurunan nilai piutang 1.557.020 139.583 1.417.437 Allowance for impairment of receivables Tunjangan produktivitas Productivity allowances and dan uang jasa 57.924.362 12.782.488 70.706.850 and incentive compensation Penyisihan lain-lain 14.442.176 29.321.226 43.763.403 Other provisions 19.433.845 19.475.909 42.065 Entitas anak Subsidiaries Aset tetap 62.698.530 1.867.072 64.565.602 Fixed assets Aset sewa pembiayaan 280.675 168.544 112.131 Leased assets Cadangan penurunan nilai piutang 3.685.099 49.584 3.635.515 Allowance for impairment of receivables Liabilitas imbalan kerja 11.162.522 1.293.108 12.455.630 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 10.711.780 63.666.026 incentive compensation Cadangan biaya bongkar 5.727.055 - 5.727.055 Allowance for dismantle cost Akumulasi rugi fiskal 6.668.469 1.755.319 8.423.788 Accumulated fiscal loss Penyisihan lain-lain 8.988.393 5.932.640 3.055.752 Other provisions 31.690.942 5.735.303 37.426.244 Total aset pajak tangguhan - neto 12.257.097 25.211.212 37.468.309 Total deferred tax assets - net Liabilitas pajak tangguhan - neto Deferred tax liabilities, net Entitas anak Subsidiaries Aset tetap 170.763.958 12.801 170.776.759 Fixed assets Aset sewa pembiayaan 1.093.825 117 1.093.708 Leased assets Liabilitas imbalan kerja 42.229.656 1.501 42.228.155 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 11.288.819 44 11.288.775 Allowance for impairment of receivables Tunjangan produktivitas Productivity allowances and dan uang jasa 46.920.128 7.640 46.912.489 incentive compensation Penyisihan lain-lain 1.014.314 505.022 509.292 Other provisions Total liabilitas pajak tangguhan - neto 63.033.529 527.127 63.560.654 Total deferred tax liabilities - net Manfaat pajak tangguhan - neto 24.684.085 Deferred tax expense - net AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED MARCH 31, 2015 AND 2014 Expressed in thousands of Rupiah, unless otherwise stated Continued - 106 - 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: 31 Maret 31 Maret March 31, March 31, 2015 2014 Unaudited Unaudited Laba konsolidasian sebelum Consolidated income before beban pajak penghasilan 1.500.736.866 1.703.702.261 income tax Penyesuaian terkait dengan konslidasi: Adjustment related to consolidation: Bagian atas laba bersih entitas asosiasi 6.740.985 7.045.743 Equity in net income of associates Disesuaikan dengan jurnal Adjusted for consolidation eliminasi konsolidasi 5.944.298 5.123.095 elimination 1.488.051.583 1.691.533.423 Beban pajak penghasilan sesuai tarif pajak 372.012.896 422.883.373 Tax calculated at statutory rate Perbedaan tarif Perseroan dengan Difference tax rate between entitas anak 38.635.228 43.621.561 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 1.754.866 1.359.216 net book value of fixed assets Kesejahteraan karyawan 1.478.411 4.775.463 Employee welfare Promosi peningkatan penjualan 415.789 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 27.870.253 27.163.130 recorded on a net of tax basis Lain-lain 1.581.845 28.379.682 Others 26.427.742 14.040.562 Jumlah beban pajak 306.949.926 393.302.374 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 MARCH 31, 2015 AND 2014 Expressed in thousands of Rupiah, unless otherwise stated Continued - 107 - 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: 31 Maret 31 Maret March 31, March 31, 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 1.190.221.899 1.308.738.850 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 201 221 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 31 Maret 2015 dan 31 Desember 2014 adalah sebagai berikut: The estimated employee benefits liabilities as of March 31, 2015 and December 31, 2014 are as follows: Imbalan kerja jangka pendek Short-term employee benefits 31 Maret 31 Desember March 31, December 31, 2015 2014 Unaudited Unaudited Productivity allowances, Tunjangan produktivitas, uang jasa, incentives, and Directors bonus Direktur dan Komisaris 811.611.801 651.451.404 and Commissioners bonuses Tunjangan pegawai lainnya 77.939.262 41.351.005 Other employee allowances Jumlah 889.551.063 692.802.409 Total AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED MARCH 31, 2015 AND 2014 Expressed in thousands of Rupiah, unless otherwise stated Continued - 108 - Imbalan pasca kerja dan jangka panjang lainnya Long-term employee benefits and other long-term benefits 31 Maret 31 Desember March 31, December 31, 2015 2014 Unaudited Unaudited Liabilitas imbalan pensiun 148.727.073 128.381.449 Pension benefits obligations Liabilitas imbalan kerja lainnya 254.862.217 247.904.738 Other employee benefits obligations Jumlah 403.589.290 376.286.187 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 31 Maret 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 March 31, 2015 and December 31, 2014 are as follows: