IKATAN DAN PERJANJIAN SIGNIFIKAN COMMITMENTS

Assuring the Move Into Next Level 542 Business Development Report Management Reports Company Information Information For Investors Operational Review PT SEMEN INDONESIA PERSERO Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2014 AND 2013 Expressed in thousands of Rupiah, unless otherwise stated Continued - 128 - h. Perseroan dan entitas anak ST juga memiliki ikatan penjualan kepada pelanggan masing- masing sebesar Rp685.604.437 dan Rp160.376.214, pada tanggal 31 Desember 2014. Penyerahan produk akan dilakukan secara berkala selama jangka waktu tertentu. h. The Company and its subsidiaries ST have sales commitments to customers amounting to Rp685,604,437 and Rp160,376,214, as at December 31, 2014. The products will be delivered within specified periods. i. Pada tanggal 31 Desember 2014, Perseroan dan entitas anak SP memiliki beberapa ikatan pembelian batubara dari beberapa pemasok sebanyak 1,300,000 ton per tahun dengan kisaran harga antara Rp550 per ton hingga Rp730 per ton untuk periode 2013 sampai dengan 2021. Harga tersebut akan disesuaikan terhadap nilai kalori, kadar abu, sulfur dan air. i. As of December 31, 2014, the Company and its subsidiary SP have several commitments to purchase coal from several suppliers with total quantity of 1,300,000 tons per year with price range from Rp 550 to Rp730 per ton for year 2013 to 2021. This price subject to adjustments against caloritic value, ash content, sulfur and water. Harga dasar tersebut akan ditinjau secara periodik sebelum masa berlaku perjanjian berakhir dan untuk menyesuaikan harga dengan nilai tukar Rupiah terhadap mata uang Dolar Amerika Serikat dan harga dasar galian bahan bakar minyak untuk industri. Such price will be renewed periodically before the agreement expires and to adjust the price against the foreign exchange rate from Rupiah to United States Dollar and basic price of HSD for Industries. Sehubungan dengan perjanjian jual beli batubara tersebut, pemasok diwajibkan untuk menyerahkan jaminan pelaksanaan. In relation to such coal sale agreement, suppliers are obliged to submit their performance guarantee. j. Sesuai Akta Perjanjian No. 3 tanggal 5 Agustus 2004 yang dibuat antara Nagari Lubuk Kilangan dengan SP di hadapan Dasrizal, S.H., notaris di Padang, SP mengadakan perikatan dengan masyarakat Lubuk Kilangan Nagari Lubuk Kilangan untuk memperoleh hak penambangan seluas 412,03 ha di tanah Bukit Karang Putih dengan termin pembayaran 30, 30 dan 40 masing-masing di bulan Juni 2004, 2005 dan 2006. j. Based on Deed of Agreement No. 3 dated August 5, 2004 made between the Nagari Lubuk Kilangan community and SP by Dasrizal, S.H., notary in Padang, SP entered into an agreement with the Nagari Lubuk Kilangan community Nagari Lubuk Kilangan to obtain mining rights covering an area of 412.03 ha in the area of Bukit Karang Putih with terms of payment of 30, 30 and 40 to be paid in June 2004, 2005 and 2006, respectively. Perolehan hak tersebut sesuai dengan Surat Keputusan Gubernur Sumatera Barat No. 503.5459EXPLDTB-1997 tanggal 6 Juni 1997 dan hasil Peta Bidang dari BPN. Setelah dilakukan pengukuran ulang oleh Badan Pertanahan Nasional BPN sesuai Peta Bidang No. 1832005 tanggal 12 Mei 2005 didapatkan luas sebenarnya 429 ha sehingga jumlah kompensasi diperkirakan Rp12.879.459, diluar kompensasi bentuk lain sebesar Rp2.100.000. The acquisition of the rights was in accordance with the Decision Letter of Governor of West Sumatera No. 503.5459EXPLDTB- 1997 dated June 6, 1997 and results of mapping the area by the National Land Board. Remeasurement of the area by the National Land Board based on the area mapping No. 1832005 on May 12, 2005 resulted in the actual area involved being 429 ha. As a result compensation is estimated to be Rp12,879,459 excluding other compensation of Rp2,100,000. Pada tanggal 7 Juni 2006, Badan Pertanahan Nasional Kota Padang mengirim surat kepada SP yang menyatakan bahwa dari 429 ha di tanah Bukit Karang Putih, 256 ha termasuk dalam kawasan hutan lindung. Dan hal ini sejalan dengan Surat Keputusan Menteri Kehutanan No. 422KPTS-II1999 tentang Penunjukan Kawasan Hutan diwilayah Propinsi Daerah Tingkat I Sumatera Barat seluas ± 2.600.268 ha. On June 7, 2006, the National Land Board of Padang sent a letter to SP stating that out of 429 ha in the Bukit Karang Putih area, 256 ha were included in a forest conservation area. This position was supported by a Decision Letter from the Minister of Forestry No. 422KPTS-II1999 on determining of forestry area in Province of West Sumatera about ± 2,600,268 ha. Assuring the Move Into Next Level 543 Corporate Governance Implementation Report Corporate Social Responsibility Report Corporate Data Management Discussion and Analysis Financial Statements PT SEMEN INDONESIA PERSERO Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2014 AND 2013 Expressed in thousands of Rupiah, unless otherwise stated Continued - 129 - Pada tanggal 16 Juni 2006, SP mengirim surat kepada Ketua Nagari Lubuk Kilangan yang menyatakan bahwa SP akan menunda pembayaran sebesar 40 yang seharusnya dibayar pada bulan Juni 2006 sampai masalah ini diselesaikan oleh masyarakat Nagari Lubuk Kilangan. On June 16, 2006, SP sent a letter to the Nagari Lubuk Kilangan Leader stating that SP would delay the 40 payment which should have been paid in June 2006 until the forest conservation issue is resolved by Nagari Lubuk Kilangan. Dalam usulan Rencana Tata Ruang Wilayah RTRW Propinsi Sumatera Barat tahun 2009 yang dibuat oleh Pemerintah Daerah, lahan seluas 429 ha tersebut diusulkan untuk diubah statusnya dari hutan lindung menjadi Areal Penggunaan Lain APL. In the proposed Plan for Provincial Area Management of the West Sumatera province for 2009 which was prepared by the Local Government, the status of the 429 ha of land is proposed to be changed from a forest conservation area to a forest concession right. Berdasarkan hasil pengukuran terakhir yang dilakukan oleh Dinas Kehutanan provinsi Sumatera Barat, lahan 429 ha tersebut menjadi lebih kurang 517 ha yang terdiri dari Areal Penggunaan Lain seluas lebih kurang 114 ha, Hutan Lindung seluas lebih kurang 54 ha, Hutan Suaka Alam seluas lebih kurang 107 ha dan Hutan Produksi Terbatas seluas lebih kurang 242 ha. Based on the recent measurement taken by Forestry Section of West Sumatera province, the land of 429 ha became approximately 517 hectares, which consist of Area for other purposes of approximately 114 ha, Forest Conservation of approximately 54 ha, Natural Forest Conservation of approximately 107 hectares and Limited Production Forest of approximately 242 ha. Perda Tata Ruang Kota Padang telah disahkan oleh walikota Padang melalui Peraturan Daerah Kota Padang No. 4 tahun 2012 tanggal 5 Juni 2012 dengan menetapkan di area 429 ha terdapat area hutan suaka alam wisata kurang lebih 69 ha, hutan produksi terbatas kurang lebih 242 ha dan area penggunaan lain kurang lebih 114 ha. The Regulation on the city layout has been approved by the Padang City Mayor through the Mayoral Regulation of Padang City No. 4 year 2012 dated June 5, 2012, stipulating that the area of 429 ha are forest preserves tourist area of approximately 69 ha, approximately of limited production forest area of 242 ha and the other uses approximately 114 hectares. Dikarenakan adanya perubahan pada tata ruang Kota Padang, mengenai peruntukan kawasan hutan pada area 412 ha, maka pada tanggal 31 Oktober 2012 telah dilakukan addendum terhadap perjanjian No. 03 tanggal 5 Agustus 2004 antara Nagari Lubuk Kilangan dengan SP, yang meliputi perubahan: Due to changes in the spatial Padang, the forest areas in the area of 412 ha, an addendum has been made October 31, 2012 to the agreement No. 03, dated August 5, 2004 between SP with Nagari Kilangan Lubuk, which include changes in:  Luas lahan yang semula 412 ha menjadi 356 ha.  The area of land which was originally 412 ha to 356 ha.  Nilai kompensasi lahan tahap III dari semula Rp3.000 per m 2 menjadi Rp3.990 per m 2 sehingga total nilai kompensasi menjadi kurang lebih Rp13.331.760.  Phase III land compensation value from Rp3,000 per m 2 to Rp3,990 per m 2 with the total value of compensation approximately Rp13,371,760. Izin Pinjam Pakai atas areal hutan produksi terbatas seluas kurang lebih 242 ha telah diperoleh oleh SP berdasarkan Keputusan Menteri Kehutanan No.SK.467Menhut-II2013 tertangal 28 Juni 2013. Atas dasar telah diperolehnya izin pinjam pakai dari Menteri Kehutanan maka SP telah melakukan pembayaran tahap III kepada KAN Lubuk Kilangan sesuai dengan Perjanjian antara KAN dan SP berikut perubahan-perubahannya. Usage permissions over a limited production forest area of approximately 242 ha have been acquired by SP based on the Ministry of Forestry No.SK.467Menhut-II2013 dated on June 28, 2013. On the basis of the presentation of the use permit from the Minister of Forestry, hence SP has made phase III payments to the KAN Lubuk Kilangan in accordance with the Agreement between KAN and SP, following the amendments. Assuring the Move Into Next Level 544 Business Development Report Management Reports Company Information Information For Investors Operational Review PT SEMEN INDONESIA PERSERO Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2014 AND 2013 Expressed in thousands of Rupiah, unless otherwise stated Continued - 130 - Sampai dengan tanggal 31 Desember 2014, SP telah mengeluarkan dana sebesar Rp23.230.005 untuk memperoleh hak penambangan dan Rp54.328.914 untuk penyiapan fasilitas lahan penambangan yang dicatat sebagai aset dalam penyelesaian tanah. As of December 31, 2014, SP has spent amounting to Rp23,230,005 to obtain mining rights and Rp54,328,914 for preparation of mining area facilities which was recorded as construction in progress - land. k. Entitas anak TLCC memiliki ikatan untuk sewa operasi berdasarkan kontrak. Jumlah minimum pembayaran sewa dimasa mendatang berdasarkan sewa operasi yang tidak dapat dibatalkan adalah sebagai berikut: k. A Subsidiary TLCC has an operating lease commitment under the contractual arrangements. The future aggregate minimum lease payments under non-cancellable operating leases are as follows: Ekuivalen 31 Desember 2014 Rp 000 December 31 2014 Equivalent in VND 000 Rp 000 Dalam 1 tahunWithin 1 year 6.658.012 3.921.569 Antara 1 dan 5 tahunBetween 1 year and 5 years 19.089.044 11.243.447 Lebih dari 5 tahunOver 5 years 29.311.649 17.264.561 Jumlah minimum pembayaranTotal minimum payments 55.058.705 32.429.577 Berikut ini adalah beberapa perjanjian signifikan atas sewa operasi TLCC: The following are the significant agreements for operating lease TLCC:  Pada tanggal 27 Pebruari 2002, TLCC memiliki ikatan dengan Hiep Phuoc Joint Venture Company untuk menyewa tanah seluas 100.000 m2 untuk Grinding Plant selama 50 tahun di Area Industrial Hiep Phuoc sejak tanggal 18 September 2002 hingga 16 September 2052.  On February 27, 2002, TLCC enters commitment with Hiep Phuoc Joint Venture Company to rent land of 100,000 m2 for the Grinding Plant for 50 years at Hiep Phuoc Industrial Zone from September 18, 2002 to September 16, 2052. Porsi belum dibayar termasuk di dalam table di atas dari total sebesar USD20m2 yang dipecah dalam 15 kali cicilan tahunan, setiap cicilan ekuivalen dengan USD1,74m2 yang terdiri atas biaya sewa dan bunga. Cicilan pertama jatuh tempo pada tahun ketiga sejak tanggal kontrak. A portion of unpaid rental fee is included in above table amounting to USD20m2 which is payable in 15 annual installments, each equivalent to USD1.74m2 representing the rental fee and interest. The first installment was due on 3rd year from the rental contract date.  Pada tanggal 30 September 2006, TLCC memiliki ikatan dengan Quang Ninh’s People Committee untuk menyewa tanah seluas 1.680.239 m2 di Le Loi Commune, Distrik Hoanh Bo, Propinsi Quang Ninh untuk pabrik utama, jalan dan stasiun. Sewa selama 50 tahun dari 18 September 2002 sampai dengan 18 September 2052.   On September 30, 2006, TLCC enters commitment with Quang Ninh’s People Committee to rent land with area of 1,680,239 m2 at Le Loi Commune, Hoanh Bo District, Quang Ninh province for main plant, road and stations. The rent is for 50 years from September 18, 2002 to September 18, 2052. Biaya Sewa dibayarkan tahunan dan dihitung mulai dari 22 Agustus 2006. Tarif biaya sewa 5 tahun pertama adalah sebesar VND540m2tahun untuk pabrik utama dan VND67,5m2tahun untuk jalan dan stasiun. Rental fee is payable annually and is calculated from August 22, 2006. The rental fee rates for the first 5 years are VND540m2year for the main plant and VND67.5m2year for road and stations. Assuring the Move Into Next Level 545 Corporate Governance Implementation Report Corporate Social Responsibility Report Corporate Data Management Discussion and Analysis Financial Statements PT SEMEN INDONESIA PERSERO Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2014 AND 2013 Expressed in thousands of Rupiah, unless otherwise stated Continued - 131 -  Pada tanggal 14 Mei 2010, TLCC memiliki ikatan dengan Quang Ninh’s People Committee untuk menyewa tanah seluas 172.289,4 m2 di Le Loi dan Son Duong Communes, Distrik Hoanh Bo, Propinsi Quang Ninh untuk jalan, pengolahan kapur, dan transportasi untuk tanah liat. Sewa selama 50 tahun dari 18 September 2002 sampai dengan 18 September 2052.   On May 14, 2010, TLCC enters commitment with Quang Ninh’s People Committee to rent land with area of 172,289.4 m2 at Le Loi and Son Duong Communes, Hoanh Bo District, Quang Ninh province for road, lime processing and clay transportation. The rent is for 50 years from September 18, 2002 to September 18, 2052. Biaya sewa dibayarkan tahunan dan dihitung mulai tahun 2008 dengan tarif tetap untuk lima tahun pertamannya antara VND363 - VND720m2tahun. Rental fee is payable annually and is calculated from 2008 at the fixed rates for first 5 years of between VND363 - VND720m2year.  Pada tanggal 14 Mei 2010, TLCC memiliki ikatan dengan Quang Ninh’s People Committee untuk menyewa tanah seluas 819.846,8 m2 di Thong Nhat dan Son Duong Communes, Distrik Quang Ninh untuk jalan, pengolahan kapur, dan transportasi untuk tanah liat. Sewa selama 30 tahun dari 18 Desember 2009 sampai dengan 18 Desember 2039.   On May 14, 2010, TLCC enters commitment with Quang Ninh’s People Committee to rent land of 819,846.8 m2 of land at Thong Nhat and Son Duong Communes, Hoanh Bo District, Quang Ninh province for road, lime processing and clay transportation. The rent is for 30 years from December 18, 2009 to December 18, 2039. Biaya sewa dibayarkan tahunan dan dihitung dari 28 Desember 2010 dengan tarif tetap 5 tahun pertama sebesar VND160m2tahun. Rental fee is payable annually and is calculated from December 28, 2010 with fixed rate for first 5 years at VND160m2year.  Pada tanggal 12 Mei 2011, TLCC memiliki ikatan dengan Galeximco Hanoi untuk menyewa kantor seluas 335 m2 di lantai 7 gedung Geleximco di Jl. 36 Hoang Cau, Hanoi. Jangka waktu sewa adalah 4 tahun dari 15 Pebruari 2011 sampai dengan 15 Pebruari 2015.   On May 12, 2011, TLCC enters commitment with Galeximco Hanoi to rent 335 m2 of office on the 7th floor of Geleximco building at 36 Hoang Cau Street, Hanoi. The rent is for 4 years from February 15, 2011 to February 15, 2015. Biaya sewa untuk 6 bulan pertama dibayarkan dalam lima hari setelah tanggal efektif kontrak. Pada bulan ke 7, biaya sewa di bayarkan bulanan. Biaya sewa adalah USD23m2bulan. Rental fee for the first six months is paid within five days from the contract effective date. From the 7th month, rental fee is payable on monthly basis. Rental fee is USD23m2month. l. Pada tanggal 30 Juli 2010, UTSG mengadakan perjanjian kerjasama dengan PT Semen Baturaja Persero Tbk tentang Jasa Sewa Alat Muat dan Jasa Angkutan Batu Kapur dan Tanah Liat di lokasi tambang milik PT Semen Baturaja Persero Tbk dimana UTSG akan melaksanakan penggalian, pemuatan dan pengangkutan batu kapur dan tanah liat dari area tambang ke crusher. Jangka waktu pengerjaan untuk jasa sewa alat muat dan jasa angkutan tanah liat selama 36 bulan mulai 1 Agustus 2010 sampai dengan 31 Juli 2013 dan jasa angkutan batu kapur selama 32 bulan mulai 1 Desember 2010 sampai dengan 31 Juli 2013. Perjanjian ini diperpanjang selama 3 tahun mulai tanggal 1 Agustus 2013 sampai dengan 31 Juli 2016. l. On July 30, 2010, UTSG entered into an agreement with PT Semen Baturaja Persero Tbk for Unloading Equipment Rental Service and Limestones dan Clay Transportation Service at the mining area PT Semen Baturaja Persero Tbk. UTSG will carry out excavation, loading and transportation of limestone and clay from the mine to the crusher area. The period for unloading equipment rental service and clay transportation service are 36 months starting from August 1, 2010 to July 31, 2013 while the period for limestones transportation service is 32 months starting from December 1, 2010 to July 31, 2013. This agreement is extended for 3 years starting from August 1, 2013 to July 31, 2016. Assuring the Move Into Next Level 546 Business Development Report Management Reports Company Information Information For Investors Operational Review PT SEMEN INDONESIA PERSERO Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2014 AND 2013 Expressed in thousands of Rupiah, unless otherwise stated Continued - 132 - m. SG mengadakan ikatan untuk membangun pabrik semen dan membeli serta perlengkapannya dengan beberapa pemasok luar negeri dan dalam negeri dengan nilai kontrak sampai dengan 31 Desember 2014 dan jumlah ikatan yang belum direalisasi adalah masing-masing sebesar Rp552.003.836, EUR88.084.069, USD3.604.317 dan Rp360.899.651, EUR73.593.646, USD3.562.917. m. SG entered into agreements to build cement plant and purchase machinery and equipment from several foreign and local suppliers with total contract value and outstanding commitments as of December 31, 2014 amounting to Rp552,003,836, EUR88,084,069, USD3,604,317 and Rp360,899,651, EUR73,593,646, USD3,562,917.

45. ASET DAN LIABILITAS MONETER DALAM MATA UANG ASING

45. MONETARY ASSETS AND LIABILITIES

DENOMINATED IN FOREIGN CURRENCIES Pada tanggal 31 Desember 2014 dan 2013, Grup mempunyai aset dan liabilitas moneter dalam mata uang asing sebagai berikut: As at December 31, 2014 and 2013, the Group had monetary assets and liabilities denominated in foreign currencies as follows: Mata uang Mata uang Asing Asing jumlah penuh Ekuivalen jumlah penuh Ekuivalen Foreign Rupiah Foreign Rupiah currencies Equivalent in currencies Equivalent in full amounts Rupiah full amounts Rupiah Aset: Assets: Kas dan setara kas USD 7.428.546 92.411.112 10.583.640 129.861.262 Cash and cash equivalents EUR 13.446.939 203.492.533 1.128.908 19.042.643 SGD 13.044 122.899 20.327 196.531 Kas dan setara kas yang dibatasi Restricted cash and cash penggunaannya USD - - 1.832 22.485 equivalents EUR - - 445 7.510 Piutang usaha USD 2.219.707 27.613.160 537.991 6.601.148 Trade receivables Jumlah aset 323.639.704 155.731.579 Total assets Liabilitas: Liabilities: Utang usaha USD 12.190.318 151.647.558 5.406.687 65.902.106 Trade payables EUR 2.782.701 42.110.609 529.653 8.909.298 SGD 68.370 644.188 10.448 100.594 JPY 7.557.918 787.913 7.399.088 861.585 AUD - - 2.183 23.744 GBP - - 5.994 120.460 SEK - - 941.561 1.787.083 CHF - - 17.874 245.446 Utang lain-lain USD 493.201 6.135.421 269.780 3.310.203 Others liabilities EUR 1.982.216 29.996.876 2.480.937 41.848.920 Jumlah liabilitas 231.322.565 123.109.439 Total liabilities Aset neto 92.317.139 32.622.140 Net Assets 2014 2013 Assuring the Move Into Next Level 547 Corporate Governance Implementation Report Corporate Social Responsibility Report Corporate Data Management Discussion and Analysis Financial Statements PT SEMEN INDONESIA PERSERO Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2014 AND 2013 Expressed in thousands of Rupiah, unless otherwise stated Continued - 133 - Pada tanggal 31 Desember 2014 dan 2013, kurs konversi yang digunakan Grup serta kurs yang berlaku pada tanggal 13 Pebruari 2015 sebagai berikut: The conversion rates used by the Group on December 31, 2014 and 2013 the prevailing rates on February 13, 2015 are as follows: 13 Pebruari 31 Desember 31 Desember February 13, December 31, December 31, 2015 2014 2013 Mata Uang Foreign currency 1 USD 12.769 12.440 12.189 1 USD 1 SGD 9.404 9.422 9.628 1 SGD 100 JPY 10.733 10.425 11.617 100 JPY 1 EUR 14.553 15.133 16.821 1 EUR GBP 19.649 19.370 20.097 GBP AUD 9.886 10.218 10.876 AUD SEK 1.512 1.607 1.898 SEK CHF 13.752 12.583 13.732 CHF

46. KATEGORI DAN KELAS INSTRUMEN

KEUANGAN 46. CATEGORIES AND CLASSES OF FINANCIAL INSTRUMENTS Liabilitas pada Pinjaman yang biaya perolehan diberikan dan Tersedia diamortisasi piutang untuk dijual Liabilities at Loans and Available-for- amortized receivables sale cost 31 Desember 2014 December 31, 2014 Aset Keuangan Lancar Current Financial Assets Kas dan setara kas 4.925.949.551 - - Cash and cash equivalents Kas dan setara kas yang Restricted cash and dibatasi penggunaannya 13.696.811 - - cash equivalents Investasi jangka pendek - 91.872.422 - Short term investment Piutang usaha Trade receivables Pihak ketiga 2.553.653.508 - - Third parties Pihak berelasi 747.593.796 - - Related parties Piutang lain-lain Other receivables Pihak ketiga 103.802.566 - - Third parties Pihak berelasi 27.506.685 - - Related parties Liabilitas Keuangan Jangka Pendek Current Financial Liabilities Pinjaman jangka pendek - - 81.808.678 Short term borrowing Utang usaha Trade accounts payable Pihak ketiga - - 2.160.613.721 Third parties Pihak berelasi - - 870.893.891 Related parties Utang lain-lain Other accounts payable Pihak ketiga - - 182.704.936 Third parties Pihak berelasi - - 32.295.840 Related parties Beban yang masih harus dibayar - - 445.434.118 Accrued expenses Liabilitas jangka panjang yang jatuh Current maturities of tempo dalam satu tahun long term liabilities Pinjaman bank - - 463.572.257 Bank loans Liabilitas sewa pembiayaan - - 52.497.495 Finance lease liabilities Liabilitas Keuangan Jangka Panjang Non-current Financial Liabilities Liabilitas jangka panjang Long term liabilities Pinjaman bank - - 3.183.156.388 Bank loans Liabilitas sewa pembiayaan - - 131.988.819 Finance lease liabilities Jumlah 8.372.202.917 91.872.422 7.604.966.143 Total Assuring the Move Into Next Level 548 Business Development Report Management Reports Company Information Information For Investors Operational Review PT SEMEN INDONESIA PERSERO Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2014 AND 2013 Expressed in thousands of Rupiah, unless otherwise stated Continued - 134 - Pinjaman yang biaya perolehan diberikan dan Tersedia diamortisasi piutang untuk dijual Liabilities at Loans and Available-for- amortized receivables sale cost 31 Desember 2013 December 31, 2013 Aset Keuangan Lancar Current Financial Assets Kas dan setara kas 4.070.492.871 - - Cash and cash equivalents Kas dan setara kas yang Restricted cash and dibatasi penggunaannya 37.599.156 - - cash equivalents Investasi jangka pendek 15.000.000 89.835.223 - Short term investment Piutang usaha Trade receivables Pihak ketiga 2.238.452.900 - - Third parties Pihak berelasi 586.655.740 - - Related parties Piutang lain-lain Other receivables Pihak ketiga 73.674.404 - - Third parties Pihak berelasi 17.278.860 - - Related parties Liabilitas Keuangan Jangka Pendek Current Financial Liabilities Pinjaman jangka pendek - - 320.926.026 Short term borrowing Utang usaha Trade accounts payable Pihak ketiga - - 1.672.272.211 Third parties Pihak berelasi - - 829.461.699 Related parties Utang lain-lain Other accounts payable Pihak ketiga - - 295.622.862 Third parties Pihak berelasi - - 24.761.055 Related parties Beban yang masih harus dibayar - - 438.205.233 Accrued expenses Liabilitas jangka panjang yang jatuh Current maturities of tempo dalam satu tahun long term liabilities Pinjaman bank - - 469.973.512 Bank loans Liabilitas sewa pembiayaan - - 49.300.788 Finance lease liabilities Liabilitas Keuangan Jangka Panjang Non-current Financial Liabilities Liabilitas jangka panjang Long term liabilities Pinjaman bank - - 3.129.289.131 Bank loans Liabilitas sewa pembiayaan - - 113.093.127 Finance lease liabilities Jumlah 7.039.153.931 89.835.223 7.342.905.644 Total

47. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO KEUANGAN

47. FINANCIAL RISK MANAGEMENT OBJECTIVE AND POLICIES

Grup terpengaruh terhadap risiko pasar, risiko kredit, dan risiko likuiditas. Manajemen menerapkan manajemen risiko atas risiko-risiko tersebut dengan melakukan evaluasi atas risiko keuangan dan kerangka pengelolaan risiko keuangan yang tepat untuk Grup. Pengelolaan resiko tersebut memberikan keyakinan kepada manajemen bahwa aktivitas keuangan dikelola secara pruden sesuai kebijakan dan prosedur yang tepat dan risiko keuangan diidentifikasi, diukur dan dikelola sesuai dengan kebijakan dan risk appetite. The Group is exposed to market risk, credit risk and liquidity risk. Management applies risk management for such risks by evaluating the financial risks and the appropriate financial risk governance framework for the Group. Such risk management provides assurance to management that prudent financial activities are managed according to appropriate policies and procedures and financial risks are identified, measured and managed in accordance with policies and risk appetite.