Pendirian dan Informasi Umum Establishment and General Information

Assuring the Move Into Next Level 424 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 - 10 - b. Entitas Anak b. Consolidated Subsidiaries Kepemilikan saham Perseroan pada entitas anak yang dikonsolidasi sebagai berikut: The Company’s ownership interests in consolidated subsidiaries are as follows: Dimulainya kegiatan komersial Jenis usaha 31 Desember 31 Desember Start of 31 Desember 31 Desember Entitas anak Domisili Nature of December 31, December 31, commercial December 31, December 31, Subsidiaries Domicile business 2014 2013 operations 2014 2013 PT Semen Padang “SP” Indarung, Produsen semen 99,99 99,99 1913 5.884.803.713 5.083.672.567 Sumatera Barat Cement manufacturing West Sumatera PT Sepatim Batamtama Batam, Riau Pengantongan semen 97,00 97,00 1994 22.352.295 25.493.409 “SB” 85 saham dan distribusiCement dimiliki SP85 shares packing and distribution owned by SP PT Bima Sepaja Abadi Tanjung Priok, Pengantongan semen 80,00 80,00 1996 193.795.883 155.399.972 ”BSA” 80 saham Jakarta dan distribusiCement dimiliki SP80 shares packing and distribution owned by SP PT Semen Tonasa “ST” Pangkep, Produsen semen 99,99 99,99 1968 8.241.179.491 8.125.325.232 Sulawesi Selatan Cement manufacturing South Sulawesi PT Semen Gresik “SG” Gresik, Produksi semen 99,23 - - 574.268.992 - Jawa Timur Cement manufacturing East Java PT United Tractors Semen Tuban, Penambangan 55,00 55,00 1992 263.197.834 309.361.580 Gresik “UTSG” Jawa Timur batu kapur dan tanah liat East Java Limestone and clay mining PT Industri Kemasan Tuban, Produsen kantong semen 60,00 60,00 1994 228.436.937 197.376.541 Semen Gresik “IKSG” Jawa Timur Cement bag manufacturing East Java PT Kawasan Industri Gresik, Pengembangan kawasan 65,00 65,00 1991 360.888.880 344.616.767 Gresik “KIG” Jawa Timur industriIndustrial real East Java estate PT SGG Energi Prima ”SEP” Gresik, Pertambangan, perdagangan 97,00 97,00 2012 32.971.868 25.697.769 Jawa Timur dan pengangkutan Batubara East Java Mining, trade and coal transportations PT SGG Prima Beton ”SPB” Gresik, Produksi beton siap pakai 99,99 99,99 2012 362.163.234 200.964.584 Jawa Timur Production ready mix concrete East Java PT Krakatau Semen Cilegon, Produksi semen 50,00 - 2014 71.318.258 - Indonesia KSI Jawa Barat Cement manufacturing West Java PT Sinergi Informatika Jakarta Selatan, Sistem Informasi 100,00 - 2014 19.123.811 - Semen Indonesia SISI DKI Jakarta Information system Thang Long Cement Joint Hanoi, Produksi semen 70,00 70,00 2008 3.085.208.041 3.146.984.474 Stock Company ”TLCC” Vietnam Cement manufacturing Thang Long Cement Joint Hanoi, Produksi semen 69,36 69,36 - 36.995.543 35.035.512 Stock Company 2 Vietnam Cement manufacturing ”TLCC2” 99,08 saham dimiliki TLCC99.08 shares owned by TLCC An Phu Cement Joint Hanoi, Produksi semen 69,93 69,93 - 53.266.400 52.016.267 Stock Company ”APCC” Vietnam Cement manufacturing 99,90 saham dimiliki TLCC99.90 shares owned by TLCC Persentase kepemilikan Jumlah aset sebelum eliminasi Percentage of ownership Total assets before eliminations Sebelum penyesuaian nilai wajar pada tanggal akuisisi Before fair value adjustments as at acquisition date Assuring the Move Into Next Level 425 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 - 11 - Pada tanggal 9 Juni 2014, berdasarkan Akta Notaris No. 27, Notaris Leolin Jayayanti, S.H, Perseroan mendirikan PT Sinergi Informatika Semen Indonesia SISI. Akta ini disahkan oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dalam surat keputusan No.AHU-12544.40.10.tahun 2014, tanggal 10 Juni 2014. On June 9, 2014, based on Notarial Deed No. 27, Notary of Leolin Jayayanti, S.H, the Company established PT Sinergi Informatika Semen Indonesia SISI. The deed was approved by Minister of Law and Human Rights of the Republic of Indonesia in his decision letter No.AHU-12544.40.10.tahun 2014, dated June 10, 2014. Pada tanggal 24 Desember 2013, berdasarkan Akta Notaris No. 63, Notaris Dr. Slamet Wahjudi S.H, M.Kn Perseroan mendirikan PT Semen Gresik SG. Akta ini disahkan oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dalam surat keputusan No.AHU-01530.AH.01.01.tahun 2014, tanggal 10 Januari 2014. Hingga 31 Desember 2014, SG belum beroperasi secara komersial. On December 24, 2013, based on Notarial Deed No. 63, Notary of Dr. Slamet Wahjudi S.H, M.Kn the Company established PT Semen Gresik SG. The deed was approved by Minister of Law and Human Rights of the Republic of Indonesia in his decision letter No.AHU-01530.AH.01.01.tahun 2014, dated January 10, 2014. As of December 31, 2014, SG has not yet started its commercial operation. Pada tanggal 20 Desember 2013, berdasarkan Akta Notaris No. 40, Notaris Jose Dima Satria S.H., M.Kn Perseroan dan PT Krakatau Steel Persero Tbk, mendirikan PT Krakatau Semen Indonesia KSI. Akta ini disahkan oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dalam surat keputusan No.AHU-04359.AH.01.01.tahun 2014, tanggal 3 Pebruari 2014. On December 20, 2013, based on Notarial Deed No. 40, Notary of Jose Dima Satria S.H., M.Kn the Company and PT Krakatau Steel Persero Tbk, established PT Krakatau Semen Indonesia KSI. The deed was approved by Minister of Law and Human Rights of the Republic of Indonesia in his decisian letter No.AHU-04359.AH.01.01.tahun 2014, dated February 3, 2014. c. Penawaran Umum Efek Perseroan c. Public Offering of Shares of the Company Perseroan mendapat persetujuan melalui Keputusan Menteri Keuangan No.859KMK.011987 tanggal 23 Desember 1 987, juncto Keputusan Menteri Keuangan No.1548KMK.0131990 tanggal 4 Desember 1990 untuk menawarkan saham kepada masyarakat. Berdasarkan izin Menteri Keuangan cq Ketua Badan Pengawas Pasar Modal dan Lembaga Keuangan “BAPEPAM- LK” No. S-622.PM1991 tanggal 17 Mei 1991 Perseroan melakukan Penawaran Umum Perdana kepada masyarakat atas 40.000.000 saham dengan nominal per saham Rp1.000 angka penuh dengan harga perdana per saham sebesar Rp7.000 angka penuh. Pada tanggal 4 Juli 1991, BAPEPAM-LK menyetujui pencatatan saham sebanyak 70.000.000 saham di Bursa Efek Jakarta dan Bursa Efek Surabaya sekarang bergabung menjadi Bursa Efek Indonesia. The Company obtained the approval of the Minister of Finance in his decision No. 859KMK.011987 dated December 23, 1987, as amended by Decree No. 1548KMK.0131990 dated December 4, 1990, to offer its shares to the public. Based on the approval of the Minister of Finance cq Head of Capital Market and Financial Institutions Supervisory Agency BAPEPAM- LK No.S-622.PM1991 dated May 17, 1991, the Company conducted an Initial Public Offering of 40,000,000 shares with nominal amount of Rp1,000 full amount and offering price of Rp7,000 full amount per share. On July 4, 1991, BAPEPAM-LK approved the listing of 70,000,000 of the Company’s shares on the Jakarta Stock Exchange and Surabaya Stock Exchange currently merged as the Indonesia Stock Exchange. Pada tanggal 30 Mei 1995, Bursa Efek Indonesia menyetujui pencatatan tambahan 78.288.000 saham Perseroan. Pada tanggal 20 Juli 1995, BAPEPAM-LK menyetujui Penawaran Umum Terbatas sejumlah 444.864.000 saham biasa dengan dasar tiga saham baru untuk setiap saham yang beredar. On May 30, 1995, the Indonesia Stock Exchange approved the additional listing of 78,288,000 of the Company’s shares. On July 20, 1995, BAPEPAM-LK agreed to a rights issue of 444,864,000 common shares on a three to one basis. Assuring the Move Into Next Level 426 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 - 12 - Pada tanggal 7 Agustus 2007, Perseroan telah melakukan pemecahan saham dengan perbandingan 1:10. Jumlah lembar saham Perseroan yang beredar setelah pelaksanaan pemecahan saham tersebut menjadi sebesar 5.931.520.000 lembar saham dengan harga pasar saham awal setelah pelaksanaan pemecahan saham tersebut adalah Rp5.000 Rupiah penuh. On August 7, 2007 the Company executed a stock split with a ratio 1:10. Total issued shares after the stock split became 5,931,520,000 shares with an opening share price after exercising the stock split of Rp5,000 full Rupiah amount. Pada tanggal 31 Desember 2014, seluruh saham Perseroan atau sejumlah 5.931.520.000 lembar saham telah dicatatkan pada Bursa Efek Indonesia. As of December 31, 2014, all of the Company’s 5,931,520,000 outstanding shares are listed on the Indonesia Stock Exchange.

2. PENERAPAN STANDAR AKUNTANSI KEUANGAN BARU DAN REVISI “PSAK” DAN

INTERPRETASI STÁNDAR AKUNTANSI KEUANGAN “ISAK”

2. ADOPTION OF NEW AND REVISED STATEMENTS OF FINANCIAL ACCOUNTING

STANDARDS “PSAK” AND INTERPRETATION OF PSAK “ISAK”

a. Standar yang Berlaku Efektif pada Tahun Berjalan

a. Effective Standards in the Current Year

Dalam tahun berjalan, Grup telah menerapkan semua ISAK baru yang dikeluarkan oleh Dewan Standar Akuntansi Keuangan dari Ikatan Akuntan Indonesia yang relevan dengan operasinya dan efektif untuk periode akuntansi yang dimulai pada tanggal 1 Januari 2014. In the current year, the Group has adopted all of the new ISAK issued by the Financial Accounting Standard Board of the Indonesian Institute of Accountants that are relevant to its operations and effective for accounting period beginning on January 1, 2014.  ISAK 27, Pengalihan Aset dari Pelanggan  ISAK 27, Transfers of Assets from Customers ISAK 27 membahas akuntansi pengalihan aset tetap oleh entitas yang menerima pengalihan tersebut dari pelanggannya dan menyimpulkan bahwa ketika pos aset tetap alihan memenuhi definisi aset dari perspektif entitas yang menerima, entitas yang menerima harus mengakui aset tersebut sebesar nilai wajarnya pada tanggal pengalihan. ISAK 27 addresses the accounting by recipients for transfers of property, plant and equipment from ‘customers’ and concludes that when the item of property, plant and equipment transferred meets the definition of an asset from the perspective of the recipient, the recipient should recognize the asset at its fair value on the date of the transfer.  ISAK 28, Pengakhiran Liabilitas Keuangan dengan Instrumen Ekuitas   ISAK 28, Extinguishing Financial Liabilities with Equity Instruments ISAK 28 memberikan panduan akuntansi atas pengakhiran liabilitas keuangan dengan menerbitkan instrumen ekuitas. Secara khusus, ISAK 28 mensyaratkan bahwa instrumen ekuitas yang diterbitkan berdasarkan perjanjian tersebut akan diukur pada nilai wajarnya, dan setiap selisih antara jumlah tercatat liabilitas keuangan yang diakhiri dengan imbalan yang dibayarkan akan diakui dalam laba rugi. ISAK 28 provides guidance on the accounting for the extinguishment of a financial liability by the issue of equity instruments. Specifically, ISAK 28 requires that equity instruments issued under such arrangement will be measured at their fair value, and any difference between the carrying amount of the financial liability extinguished and the consideration paid will be recognized in profit or loss. Penerapan ISAK 27 dan 28 tidak mempunyai dampak atas jumlah yang dilaporkan dalam tahun berjalan dan tahun sebelumnya karena Grup tidak melakukan transaksi tersebut. The application of ISAK 27 and 28 has no effect on the amounts reported in the current and prior year because the Group has not entered into any transactions of this nature.