Entitas Anak lanjutan Akuisisi Entitas Anak lanjutan Subsidiaries continued

PT. SMR Utama Tbk Annual Report 2015 www.smrutama.com 64 The original consolidated financial statements included herein are in Indonesian language. PT SMR UTAMA Tbk DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Untuk Tahun Yang Berakhir Pada Tanggal-tanggal 31 Desember 2015 Dan 2014 Disajikan dalam Dolar Amerika Serikat, kecuali dinyatakan lain PT SMR UTAMA Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For The Years Ended December 31, 2015 And 2014 Expressed in United States Dollar, unless otherwise stated 1. UMUM lanjutan 1. GENERAL continued c. Entitas Anak lanjutan

c. Subsidiaries continued

Persentase Kepemilikan Jumlah Aset Tahun Awal Percentage of Ownership Total Assets Operasi Komersial Start of Entitas Anak Domisili Commercial Kegiatan Usaha Subsidiaries Domicile Operations Principal Activity 2015 2014 2015 2014 Kepemilikan langsung Direct ownership lanjutan continued PT Ricobana RB Jakarta - Investasi Investing 99,99 99,99 75.872.484 84.024.592 PT Synergi Metal Raya SMR Jakarta - Perdagangan Trading 99,99 - 18.123 - Kepemilikan tidak langsung Indirect ownership PT Ricobana Abadi RBA melalui RB Kontraktor Batubara through RB Jakarta 1981 Mining Contractor 99,99 99,99 174.880.386 195.730.987 PT Troposfir Pancar Sejati TPS melalui RBA through RBA Jakarta - Investasi Investing 98,31 98,31 2.955.858 3.277.505 PT Troposfir Mega Raya TMR melalui TPS through TPS Jakarta - Investasi Investing 98,14 98,14 2.533.013 2.831.233 PT Delta Samudra DS melalui TMR through TMR Jakarta - Pertambangan Mining 97,35 97,35 3.259.212 3.458.271 Belum beroperasi secara komersial has not started commercial operations Pendirian Entitas Anak Establishment of Subsidiaries PT Synergi Metal Raya SMR PT Synergi Metal Raya SMR SMR didirikan berdasarkan Akta Pendirian No. 7 tanggal 4 Maret 2015 oleh Harra Mieltuani Lubis, S.H. Akta pendirian tersebut telah mendapatkan pengesahan dari Menteri Hukum dan Hak Asasi Manusia Republik Indonesia No. AHU- 0027233.AH.01.11.TH 2015 tanggal 6 Maret 2015. SMR was established based on the Deed of establishment No. 7 dated March 4, 2015 by Harra Mieltuani Lubis, S.H. The Deed of establishment was approved by the Minister of Justice and Human Rights of the Republic of Indonesia in his Decision Letter No. AHU- 0027233.AH.01.11 TH.2015 dated March 6, 2015. Akuisisi Entitas Anak Acquisition of Subsidiaries Pada bulan Agustus 2014, Perusahaan telah mengakuisisi 99,99 saham PT Ricobana RB dengan nilai pembelian total sebesar AS 87.801.639 atau setara Rp 1.017.708.800.000. Atas transaksi ini Perusahan mengakui goodwill sebesar AS 20.283.060 lihat Catatan 4. On August, 2014, the Company acquired 99.99 equity interest in PT Ricobana RB with purchase consideration amounting to US 87,801,639 or equivalents to Rp 1,017,708,800,000. Under this transaction, the Company recognized a goodwill amounting to US 20,283,060 see Note 4. PT SMR UTAMA Tbk DAN ENTITAS ANAKNYA Untuk Tahun Yang Berakhir Pada Tanggal-tanggal Disajikan dalam Dolar Amerika Serikat, kecuali dinyatakan lain

c. Entitas Anak lanjutan Akuisisi Entitas Anak lanjutan

Pelepasan Entitas Anak www.smrutama.com Annual Report 2015 PT. SMR Utama Tbk 65 The original consolidated financial statements included herein are in Indonesian language. PT SMR UTAMA Tbk DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Untuk Tahun Yang Berakhir Pada Tanggal-tanggal 31 Desember 2015 Dan 2014 Disajikan dalam Dolar Amerika Serikat, kecuali dinyatakan lain PT SMR UTAMA Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For The Years Ended December 31, 2015 And 2014 Expressed in United States Dollar, unless otherwise stated 1. UMUM lanjutan 1. GENERAL continued c. Entitas Anak lanjutan

c. Subsidiaries continued

Akuisisi Entitas Anak lanjutan Acquisition of Subsidiaries continued RB memiliki kepemilikan langsung 99,99 atas PT Ricobana Abadi RBA. RB memiliki kepemilikan tidak langsung masing-masing sebesar 98,29, 98,14 dan 97,35 atas PT Troposfir Pancar Sejati TPS, PT Troposfir Mega Raya TMR dan PT Delta Samudra DS. RB has direct ownership interest of 99.99 over PT Ricobana Abadi RBA. RB has indirect ownership interest of 98.29, 98.14 and 97.35 over PT Troposfir Pancar Sejati TPS, PT Troposfir Mega Raya TMR and PT Delta Samudra DS, respectively. Pelepasan Entitas Anak Disposal of Subsidiaries Pada tanggal 19 Desember 2014, Perusahaan menandatangani perjanjian untuk menjual 99,91 kepemilikan sahamnya pada PT Soe Makmur Resources SMR sebanyak 344.700.000 lembar saham dengan nilai nominal Rp 1.000 per lembar saham kepada PT Cakrawala Prima Utama dan PT Willis Intermoda Nusantara, pihak ketiga dengan nilai penjualan sebesar AS 12.361.600 atau setara Rp 154.520.000.000. On December 19, 2014, the Company signed an agreement to sell its 99.91 ownership interest in PT Soe Makmur Resources SMR consists of 344,700,000 shares with par value of Rp 1,000 per share to PT Cakrawala Prima Utama and PT Willis Intermoda Nusantara, third parties, with a selling price of US 12,361,600 or equivalent to Rp 154,520,000,000. Pada saat penjualan, SMR mempunyai saldo kas dan bank sebesar AS 4.236 sehingga nilai kas bersih yang diterima Perusahaan sebesar AS 12.357.364. Rugi atas penjualan kepemilikan tersebut sebesar AS 773.693 atau setara Rp 9.623.409.122 dicatat pada laba rugi. Pada saat penjualan, jumlah aset SMR diluar kas dan bank sebesar AS 13.862.763 dan jumlah liabilitas sebesar AS 724.097. At the date of sale, SMR’s cash on hand and in banks balance amounted to US 4,236, and thus net proceeds received by the Company amounted to US 12,357,364. Loss from the sale of subsidiary amounted to US 773,693 or equivalent to Rp 9,623,409,122 is recognized in profit and loss. At the date of sale, SMR’s total assets, excluding cash on hand and in banks, amounted to US 13,862,763 and total liabilities amounted to US 724,097. Pada tanggal 19 Desember 2014, Perusahaan menandatangani perjanjian untuk menjual 99,94 kepemilikan sahamnya pada PT Transentra Nusantara TN 159.900 lembar saham dengan nilai nominal Rp 100.000 per lembar saham kepada Mohamad Heykal dan Tony Harianja, pihak ketiga, dengan nilai penjualan sebesar AS 1.279.200 atau setara Rp 15.990.000.000. Pada saat penjualan, TN mempunyai saldo kas dan bank sebesar AS 439, sehingga nilai kas bersih yang diterima Perusahaan sebesar AS 1.278.761. Laba atas penjualan kepemilikan tersebut sebesar AS 169 atau setara Rp 2.098.890 dicatat pada laporan laba rugi. Pada saat penjualan, jumlah aset TN di luar kas dan bank sebesar AS 1.280.000 dan jumlah liabilitas sebesar AS 607. On December 19, 2014, the Company signed an agreement to sell its 99.94 ownership interest in PT Transentra Nusantara TN 159,900 shares with par value of Rp 100,000 per share to Mohamad Heykal and Tony Harianja, third parties, with a selling price of US 1,279,200 or equivalent to Rp 15,990,000,000 At the date of sale, TN’s cash on hand and in banks balance amounted to US 439, and thus net proceeds received by the Company amounted to US 1,278,761. Gain from the sale of subsidiary amounted to US 169 or equivalent to Rp 2,098,890 is recognized in profit or loss. At the date of sale, TN’s total assets, excluding cash on hand and in banks, amounted to US 1,280,000 and total liabilities amounted to US 607. PT. SMR Utama Tbk Annual Report 2015 www.smrutama.com 66 The original consolidated financial statements included herein are in Indonesian language. PT SMR UTAMA Tbk DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Untuk Tahun Yang Berakhir Pada Tanggal-tanggal 31 Desember 2015 Dan 2014 Disajikan dalam Dolar Amerika Serikat, kecuali dinyatakan lain PT SMR UTAMA Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For The Years Ended December 31, 2015 And 2014 Expressed in United States Dollar, unless otherwise stated 1. UMUM lanjutan 1. GENERAL continued d. Komisaris, Direksi, Komite Audit dan Karyawan d. Commissioners, Directors, Audit Committee and Employees Susunan Dewan Komisaris dan Direksi Perusahaan pada tanggal 31 Desember 2015 adalah sebagai berikut: Members of the Company’s Boards of Commissioners and Directors as of December 31, 2015 are as follows: Dewan Komisaris Komisaris Utama Komisaris Independen Wijaya Mulia Supandi W.S Board of Commissioners President Commissioner Independent Commissioner Dewan Direksi Direktur Utama tidak terafiliasi Direktur Jokky Wahyoedi Hidayat Rinatri Prahastiwi Board of Directors President Director unaffiliated Director Susunan Dewan Komisaris dan Direksi Perusahaan pada tanggal 31 Desember 2014 adalah sebagai berikut: Members of the Company’s Boards of Commissioners and Directors as of December 31, 2014 are as follows: Dewan Komisaris Komisaris Utama Komisaris Independen Veny Indrawati Supandi W.S Board of Commissioners President Commissioner Independent Commissioner Dewan Direksi Direktur Utama tidak terafiliasi Direktur Jokky Wahyoedi Hidayat Djoko Purwanto Board of Directors President Director unaffiliated Director Susunan Komite Audit Perusahaan pada tanggal 31 Desember 2015 dan 2014 adalah sebagai berikut: Members of the Company’s Audit Committee as of December 31, 2015 and 2014 are as follows: 2015 2014 Komite Audit Ketua Anggota Anggota Sekretaris Perusahaan Supandi W.S Chandy Williem Agnes Lew Dermawan Ricky Kosasih Supandi W.S Chandy Williem Agnes Lew Dermawan Ahmad Fadhil Audit Committee Chairman Member Member Corporate Secretary Personil manajemen kunci Perusahaan memiliki kewenangan dan tanggung jawab untuk merencanakan, memimpin dan mengendalikan aktivitas Perusahaan. Seluruh anggota Dewan Komisaris dan Direksi selain Komisaris Independen merupakan manajemen kunci Perusahaan. Key management personnel of the Company are those persons having the authority and responsibility for planning, directing and controlling the activities of the Company. All members of the Boards of Commissioners and Directors except Independent Commissioner are considered as key management personnel of the Company. Pada tanggal 31 Desember 2015 dan 2014, Perusahaan dan entitas anaknya memiliki masing-masing 698 dan 940 karyawan tetap tidak diaudit. As of December 31, 2015 and 2014, the Company and its subsidiaries had a total of 698 and 940 permanent employees unaudited, respectively. PT SMR UTAMA Tbk DAN ENTITAS ANAKNYA Untuk Tahun Yang Berakhir Pada Tanggal-tanggal Disajikan dalam Dolar Amerika Serikat, kecuali dinyatakan lain

e. Area eksplorasi