OBLIGASI KONVERSI CONVERTIBLE BONDS

PT BAKRIELAND DEVELOPMENT Tbk. DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN lanjutan Tanggal 31 Desember 2015 Dan Tahun Yang Berakhir Pada Tanggal Tersebut Dinyatakan dalam Rupiah, kecuali dinyatakan lain PT BAKRIELAND DEVELOPMENT Tbk. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued As of December 31, 2015 And The Year Then Ended Expressed in Rupiah, unless otherwise stated 109 34. BEBAN POKOK PENGHASILAN lanjutan 34. COST OF REVENUES continued 2015 2014 Sewa dan pengelolaan perkantoran 102.014.523.086 189.607.605.380 Rental and management of office Taman hiburan 97.229.311.056 42.471.350.432 Theme park Sewa ruangan, lapangan dan iuran Rental of spaces, courts and keanggotaan 35.901.469.171 33.398.182.293 membersip fees Sewa ruangan apartemen 12.038.115.316 106.393.163 Rental of units of apartment Penjualan unit perkantoran 4.682.791.819 2.379.694.670 Sales of office spaces Lain-lain 9.118.907.005 - Others Jumlah 700.915.847.467 807.884.957.985 Total 35. BEBAN USAHA 35. OPERATING EXPENSES Akun ini terdiri dari: This account consists of: a. Beban Penjualan a. Selling Expenses 2015 2014 Iklan dan promosi 16.127.266.573 16.555.891.545 Advertising and promotion Komisi 12.293.982.780 12.069.737.640 Commissions Pameran dan hiburan 12.097.614.253 15.550.952.326 Exhibition and entertainment Lain-lain 17.122.924.469 5.848.950.112 Others Jumlah beban penjualan 57.641.788.075 50.025.531.623 Total selling expenses b. Beban Umum dan Administrasi b. General and Administrative Expenses 2015 2014 Gaji, upah dan tunjangan 272.592.535.264 257.833.694.510 Salaries, wages and benefits in kinds Cadangan kerugian penurunan Allowance for impairment nilai lihat Catatan 7, 8 dan losses see Notes 7, 8 and 40 butir c 96.387.064.715 20.846.539.316 40 point c Penyusutan lihat Catatan 15 66.855.335.667 69.909.569.674 Depreciation see Note 15 Pajak dan asuransi 57.337.075.424 48.320.123.243 Tax and insurance Honorarium tenaga ahli 22.284.473.498 66.294.958.118 Professional fees Listrik, air dan telepon 21.356.094.841 24.828.260.506 Electricity, water and telephone Perbaikan dan pemeliharaan 11.984.919.172 4.384.733.647 Repairs and maintenance Transportasi dan perjalanan dinas 7.721.398.658 5.048.440.886 Transportation and traveling Sumbangan dan perjamuan 5.859.534.056 11.542.169.050 Donations and entertainment Perijinan dan litigasi 5.282.014.260 4.618.073.362 Legal and permits Sewa 4.129.392.143 1.427.092.473 Rent Alat tulis dan cetakan 2.137.656.599 4.588.181.171 Stationary and printing Lain-lain 29.113.432.216 20.480.727.982 Others Jumlah beban umum dan Total general and administrative administrasi 603.040.926.513 540.122.563.938 expenses 36. BEBAN BUNGA DAN KEUANGAN - BERSIH 36. INTEREST EXPENSES AND FINANCIAL CHARGES - NET Akun ini terdiri dari: This account consists of: 2015 2014 Pendapatan bunga kontrak Interest income fund management pengelolaan dana dan contracts and convertible surat utang konversi 164.718.800.000 148.246.920.000 notes Pendapatan bunga deposito, Interest income from time deposit, jasa giro dan piutang 28.373.907.855 41.066.081.997 current account and receivables - PT BAKRIELAND DEVELOPMENT Tbk. DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN lanjutan Tanggal 31 Desember 2015 Dan Tahun Yang Berakhir Pada Tanggal Tersebut Dinyatakan dalam Rupiah, kecuali dinyatakan lain PT BAKRIELAND DEVELOPMENT Tbk. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued As of December 31, 2015 And The Year Then Ended Expressed in Rupiah, unless otherwise stated 110

36. BEBAN BUNGA DAN KEUANGAN – BERSIH lanjutan

36. INTEREST EXPENSES AND FINANCIAL CHARGES – NET continued

2015 2014 Bunga bank dan lembaga Interest on bank and financial keuangan 596.862.468.737 638.108.610.157 institution loans Administrasi bank 21.149.669.374 73.724.106.336 Bank charges Interest of liability for purchase of Bunga utang pembelian aset tetap 449.450.861 324.148.696 fixed assets Beban transaksi derivatif lihat Derivative transactions expenses Catatan 6 dan 28 - 81.001.082.638 see Notes 6 and 28 Jumlah 425.368.881.117 603.844.945.830 Total Pendapatan bunga kontrak pengelolaan dana dan Surat Utang Konversi SUK terutama merupakan pendapatan bunga SUK dari PT Madison Global, pihak berelasi sebesar Rp 148,25 miliar lihat Catatan 40 butir c. Interest income fund management contracts and convertible notes represents SUK interest income converitble notes from PT Madison Global, a related party amounted to Rp 148.25 billion see Note 40 point c 37. PENGHASILAN BEBAN LAIN-LAIN 37. OTHERS INCOME EXPENSES Akun ini terdiri dari: This account consists of: 2015 2014 Pemulihan penyisihan Recovery of allowance lihat Catatan 7 67.892.908 4.761.318.982 see Note 7 Denda pajak 110.584.672.680 3.604.085.535 Tax penalties Fasilitas umum dan sosial 20.543.205.049 13.424.226.477 General and sosial facility Beban denda keterlambatan Penalties expense kepada pelanggan dan to customers and kontraktor lihat Catatan 9 16.156.103.749 19.041.420.412 contractor see Note 9 Keuntungan kerugian atas penjualan investasi dalam saham Gain loss on sale of investment lihat Catatan 6 14.818.250.000 4.020.833.333 in shares see Note 6 Pembayaran kepada unit pemilik 11.473.554.487 15.416.397.768 Payment to unit owner Pendapatan beban jasa manajemen 8.540.927.700 6.270.092.437 Income expenses of management fee Penyisihan untuk penggantian Reserve for replacement of peralatan 5.610.689.099 5.145.953.703 operating equipment Beban pengelolaan kawasan 3.027.549.418 7.476.119.752 Estate management expenses Keuntungan kerugian atas penghapusan dan Gain loss on payables penyelesaian utang - 45.571.942.816 written off and settlement Kerugian penurunan nilai persediaan - 5.852.292.417 Impairment losses of inventories Rugi atas penghapusan proyek pengembangan usaha Loss on write-off of project development dan beban ditangguhkan - 3.433.846.105 and deferred charges Lain-lain - bersih 2.338.804.834 32.892.542.218 Others - net Jumlah 193.025.864.108 7.582.202.743 Total Keuntungan atas penghapusan utang sebesar Rp 45,57 miliar merupakan keuntungan penghapusan utang yang berasal dari PT Bakrie Nirwana Semesta, Entitas Anak, sehubungan dengan divestasi PT Bakrie Nirwana Dwitama, PT Bakrie Nirwana Tritama dan PT Bakrie Nirwana Caturtama sebesar Rp 149,99 miliar. Serta kerugian pelunasan utang bank Entitas Induk sebesar Rp 104,42 miliar. Gain on payables write-off amounted to Rp 45.57 billion represents gain on payables write-off which derived from PT Bakrie Nirwana Semesta, a Subsidiary, in connection with the divestment of PT Bakrie Nirwana Dwitama, PT Bakrie Nirwana Tritama and PT Bakrie Nirwana Caturtama amounted to Rp 149.99 billion. And loss of bank loan settlement of the Company amounted to Rp 104.42 billion.