PERSEDIAAN INVENTORIES Deposito berjangka dan call deposits Time and call deposits

Assuring the Move Into Next Level 476 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 - 62 - Saldo Saldo 1 Januari 31 Desember 2013 Bagian 2013 Persentase Balance at laba bersih Balance at kepemilikan January 1, Equity in net Dividen December 31, Percentage of Nama entitas asosiasi 2013 income Dividends 2013 ownership Name of associates Perseroan The Company PT Swadaya Graha 19.099.332 3.901.083 324.155 22.676.260 25,00 PT Swadaya Graha PT Varia Usaha 81.841.071 31.744.285 9.500.255 104.085.101 24,95 PT Varia Usaha Entitas anak SP Subsidiary SP PT Igasar 1.887.545 1.103.406 36.000 748.139 12,00 PT Igasar 102.827.948 34.541.962 9.860.410 127.509.500 Entitas asosiasiAssociates Jenis UsahaNature of business ⁻ PT Swadaya Graha Kontraktor dan persewaan alat-alat berat Contractor and lessor of heavy equipment ⁻ PT Varia Usaha Jasa distribusi dan pengangkutanDistribution and transportation services ⁻ PT Igasar Distribusi semenCement distribution Rincian jumlah aset dan liabilitas pada tanggal 31 Desember 2014 dan 2013, serta jumlah pendapatan dan laba tahun jalan untuk tahun yang berakhir pada tanggal-tanggal tersebut dari masing- masing entitas asosiasi adalah sebagai berikut: Details of total assets and liabilities as of December 31, 2014 and 2013, total revenues and income for the year then ended of respective associates are as follows: Laba rugi bersih tahun berjalan Jumlah aset Jumlah liabilitas Pendapatan Income for Nama entitas asosiasi Total assets Total liabilities Revenue the year Name of associate Perseroan The Company PT Swadaya Graha 513.034.818 402.848.481 1.000.601.840 24.942.813 PT Swadaya Graha PT Varia Usaha 1.554.774.156 1.051.445.966 5.246.152.426 103.985.363 PT Varia Usaha Entitas anak SP Subsidiary SP PT Igasar 116.264.147 115.604.823 381.382.531 1.942.827 PT Igasar 2.184.073.121 1.569.899.270 6.628.136.797 126.985.349 Laba rugi bersih tahun berjalan Jumlah aset Jumlah liabilitas Pendapatan Income for Nama entitas asosiasi Total assets Total liabilities Revenue the year Name of associate Perseroan The Company PT Swadaya Graha 465.354.947 374.700.703 671.828.713 15.604.334 PT Swadaya Graha PT Varia Usaha 1.327.817.578 886.458.417 4.122.690.875 127.235.330 PT Varia Usaha Entitas anak SP Subsidiary SP PT Igasar 110.049.026 107.291.780 336.325.754 2.356.398 PT Igasar 1.903.221.551 1.368.450.900 5.130.845.342 140.483.266 2014 2013 Persentase kepemilikan entitas anak SP pada PT Igasar kurang dari 20 namun kepemilikan tersebut diklasifikasi sebagai investasi pada entitas asosiasi karena SP mempunyai pengaruh signifikan pada PT Igasar melalui Koperasi Keluarga Besar Semen Padang. The percentage ownership of the subsidiary SP in PT Igasar is less than 20, but such ownership is classified as investments in associates as the SP has a significant influence on PT Igasar through Koperasi Keluarga Besar Semen Padang. Assuring the Move Into Next Level 477 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 - 63 - 14. PROPERTI INVESTASI 14. INVESTMENT PROPERTIES 1 Januari 31 Desember January 1, Penambahan Pengurangan Reklasifikasi December 31, 2014 Additions Deductions Reclassifications 2014 Biaya perolehan Acquisition cost Tanah 3.335.667 - - 609.080 3.944.747 Land Bangunan dan prasarana 79.931.296 - - 143.104.215 223.035.511 Buildings and infrastructure Jumlah 83.266.963 - - 143.713.295 226.980.258 Total Akumulasi penyusutan Accumulated depreciation Bangunan dan prasarana 34.612.032 9.050.380 - - 43.662.412 Buildings and infrastructure Jumlah 34.612.032 9.050.380 - - 43.662.412 Total Nilai buku neto 48.654.931 183.317.846 Net book value 1 Januari 31 Desember January 1, Penambahan Pengurangan Reklasifikasi December 31, 2013 Additions Deductions Reclassifications 2013 Biaya perolehan Acquisition cost Tanah 3.335.667 - - - 3.335.667 Land Bangunan dan prasarana 66.374.715 626.250 381.742 13.312.073 79.931.296 Buildings and infrastructure Jumlah 69.710.382 626.250 381.742 13.312.073 83.266.963 Total Akumulasi penyusutan Accumulated depreciation Bangunan dan prasarana 29.035.862 5.614.344 38.174 - 34.612.032 Buildings and infrastructure Jumlah 29.035.862 5.614.344 38.174 - 34.612.032 Total Nilai buku neto 40.674.520 48.654.931 Net book value Nilai wajar properti investasi pada tanggal 31 Desember 2014 dan 2013, entitas anak SP dan KIG masing masing sebesar Rp464.788.789 dan Rp321.782.300 berdasarkan penilaian pada tanggal tersebut oleh Briskindo Konsultan SP dan KJPP Guntur Eki Andri dan Rekan KIG, penilai independen. The fair value of property investment as of December 31, 2014 and 2013 of the subsidiaries SP dan KIG amounted to Rp464,788,789 and Rp321,782,300 respectively, based on the valuation carried out at that date by Briskindo Konsultan SP and KJPP Guntur Eki Andri dan Rekan KIG, independent valuers. Beban penyusutan sebesar Rp9.050.380 dan Rp5.614.344 masing-masing untuk tahun 2014 dan 2013 dicatat sebagai beban pokok pendapatan. Depreciation expense amounting to Rp9,050,380 in 2014 and Rp5,614,344 in 2013 were recorded under cost of revenue. Penghasilan sewa properti investasi tahun 2014 dan 2013 masing-masing sebesar Rp26.218.150 dan Rp17.796.974. Rental income on investment properties in 2014 and 2013 amounted to Rp26,218,150 and Rp17,796,974, respectively.