UMUM lanjutan UMUM lanjutan

Disajikan dalam Ribuan Rupiah, Kecuali Dinyatakan Lain AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2014 and for Year Then Ended Expressed in Thousands of Rupiah, Unless Otherwise Stated 15

1. UMUM lanjutan

1. GENERAL continued

f. Tanggal Penyelesaian Laporan Keuangan

f. Completion Date of Financial Statement

Manajemen Perusahaan bertanggungjawab atas penyusunan laporan keuangan konsolidasian yang diotorisasi untuk penerbitan pada tanggal 20 Maret 2015. The management of The Company is responsible for preparation of the consolidated financial statement which were authorized for issued on March 20, 2015. 2. IKHTISAR KEBIJAKAN AKUNTANSI PENTING 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

a. Pernyataan Kepatuhan

a. Statement of Compliance

Laporan keuangan konsolidasian 31 Desember 2014 dan 2013 telah disusun sesuai dengan Standar Akuntansi Keuangan di Indonesia yang ditetapkan oleh Institut Akuntan Indonesia, peraturan BAPEPAM No. VIII.G.7 tentang ”Pedoman Penyajian Laporan Keuangan” dan Pedoman Penyajian dan Pengungkapan Laporan Keuangan Emiten atau Perusahaan Publik Industri Konstruksi sesuai dengan Surat Edaran Ketua BAPEPAM No.SE-02PM2002 tanggal 27 Desember 2002 yang kemudian diubah berdasarkan Keputusan Ketua BAPEPAM-LK No.347BL2012 tanggal 25 Juni 2012. The consolidated financial statements as of December 31, 2014 and 2013 were prepared in accordance with Indonesia Financal Accounting Standards issued by the Indonesian Institute of Accountants, and the regulations of BAPEPAM No. VIII.G.7 on “Guidelines on Financial Statements Presentation” and Guidelines on Financial Statement Presentation and Disclosures for Issuer or Public Company for Construction Industry regarding to Circular Letter of BAPEPAM No.SE-02PM2002 dated December 27, 2002, which was amended according to the Head of BAPEPAM-LK Decission Letter No.347BL2012 dated June 25, 2012.

b. Dasar

Penyusunan Laporan Keuangan Konsolidasian

b. Basis of Preparation of the Consolidated

Financial Statements Laporan keuangan konsolidasian Grup telah disajikan berdasarkan Standar Akuntansi Keuangan di Indonesia “SAK”, yang mencakup Pernyataan Standar Akuntansi Keuangan “PSAK” dan Interpretasi yang dikeluarkan oleh Dewan Standar Akuntansi Keuangan Ikatan Akuntan Indonesia dan Peraturan BAPEPAM-LK No. VIII G.7 tentang “Penyajian dan Pengungkapan Laporan Keuangan Emiten atau Perusahaan Publik”, yang terlampir dalam surat KEP-347BL 2012 BAPEPAM - LK No.VIII. G.7. The consolidated financial statements of Group have been prepared and presented in accordance with Indonesian Financial Accounting Standards “PSAK”, which comprise the Statements and Interpretations issued by the Board of Financial Accounting Standards of the Indonesian Institute of Accountants and BAPEPAM-LK Regulation No. VIII.G.7 regarding “Presentation and Disclosure of Financial Statements of Issuer or Public Companies”, as attached in letter KEP-347BL 2012 BAPEPAM - LK No. VIII. G.7. Laporan keuangan konsolidasian Grup disusun berdasarkan konsep akrual, kecuali laporan arus kas konsolidasian, dan menggunakan konsep biaya historis, kecuali seperti yang disebutkan dalam catatan atas laporan keuangan konsolidasian yang relevan. The consolidated financial statements of Group have been prepared on the accrual basis, except for the consolidated statements of cash flows, and using the historical cost concept of accounting, except as disclosed in the relevant notes here in. Disajikan dalam Ribuan Rupiah, Kecuali Dinyatakan Lain AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2014 and for Year Then Ended Expressed in Thousands of Rupiah, Unless Otherwise Stated 16

2. IKHTISAR KEBIJAKAN AKUNTANSI PENTING

lanjutan 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued

b. Dasar

Penyusunan Laporan Keuangan Konsolidasian lanjutan

b. Basis of Preparation of the Consolidated

Financial Statements continued Laporan arus kas konsolidasian disajikan dengan menggunakan metode langsung direct method, menyajikan penerimaan dan pengeluaran kas dan setara kas yang dikelompokkan dalam aktivitas operasi, investasi dan pendanaan. The consolidated statements of cash flows presented using the direct method by classifying the cash receipts and disbursements and cash equivalents into operating, investing and financing activities. Mata uang pelaporan yang digunakan dalam penyusunan laporan keuangan konsolidasian ini adalah mata uang Rupiah, yang merupakan mata uang fungsional Perusahaan. The reporting currency used in the consolidated financial statements is Indonesian Rupiah, which is The Company’s functional currency. Kecuali dinyatakan di bawah ini, kebijakan akuntansi telah diterapkan secara konsisten dengan laporan keuangan konsolidasian yang berakhir 31 Desember 2014 dan 2013 yang telah sesuai dengan Standar Akuntansi Keuangan di Indonesia. Except as described below, the accounting policies are applied consistently with those of the consolidated financial statements as of December 31, 2014 and 2013, which conform to the Indonesian Financial Accounting Standards. Untuk memberikan pemahaman yang lebih baik atas kinerja keuangan Grup, karena sifat dan jumlahnya yang signifikan, beberapa item pendapatan dan beban telah disajikan secara terpisah. For further understanding of the financial performance of the Group, due to the significance of their nature or amount, several items of income or expense have been shown separately. Penyusunan laporan keuangan konsolidasian sesuai dengan Standar Akuntansi Keuangan di Indonesia mengharuskan penggunaan estimasi dan asumsi. Hal tersebut juga mengharuskan manajemen untuk membuat pertimbangan dalam proses penerapan kebijakan akuntansi Grup. The preparation of consolidated financial statements in conformity with Indonesian Financial Accounting Standards requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group’s accounting policies. Area yang kompleks atau memerlukan tingkat pertimbangan yang lebih tinggi atau area dimana asumsi dan estimasi dapat berdampak signifikan terhadap laporan keuangan konsolidasian diungkapkan di Catatan 3. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the consolidated financial statements are disclosed in Note 3.