COST OF REVENUES CAP Consolidated Financial Report 4Q15

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS DECEMBER 31, 2015, 2014 AND JANUARY 1, 2014 DECEMBER 31, 2013 AND FOR THE YEARS ENDED DECEMBER 31, 2015 AND 2014 Continued - 72 - 2015 2014 US ’000 US ’000 Perbedaan yang tidak dapat Nondeductible expenses diperhitungkan menurut fiskal: nontaxable income: Penghasilan bunga 454 6.647 Interest income Keuntungan atas penjualan tanah yang telah dikenakan Gain on sale of land, subjected pajak penghasilan final 23.791 - to final income tax Lain-lain 9.855 12.123 Others Jumlah 14.390 5.476 Total Laba kena pajak 81.997 44.886 Taxable income Rugi fiskal tahun sebelumnya Unexpired prior year’s fiscal yang belum kadaluarsa 61.378 106.264 losses Penyesuaian rugi fiskal tahun Adjustment of prior year’s sebelumnya atas hasil fiscal loss arising from pemeriksaan pajak 55.656 - tax audit results Akumulasi laba rugi fiskal Accumulated taxable profit Perusahaan 76.275 61.378 fiscal losses of the Company Beban pajak kini Perusahaan 19.069 - Company’s current tax expense Perusahaan telah mendapat persetujuan dari Direktorat Jenderal Pajak untuk melakukan pelaporan perpajakan dalam mata uang Dolar Amerika Serikat mata uang fungsional, efektif 1 Januari 2011, dalam Keputusan Menteri Keuangan Republik Indonesia No. KEP-83WPJ.192010 tanggal 21 Oktober 2010, sehubungan dengan perubahan status Perusahaan dari Penanaman Modal Dalam Negeri menjadi Penanaman Modal Asing berdasarkan Izin Prinsip Penanaman Modal dari Badan Koordinasi Penanaman Modal BKPM No. 1971IPPMA2010. The Company has obtained the approval from the Directorate General of Taxes to report its taxation reporting in US Dollar functional currency, effective January 1, 2011, through Decision Letter No. KEP-83WPJ.192010, of Ministry of Finance of the Republic of Indonesia dated October 21, 2010. This is related to the change of the Company’s status from Domestic Capital Investment to Foreign Capital Investment based on Permit of Capital Investment Principle from Capital Market Coordination Board No. 1971IPPMA2010. Pada tahun 2015, Perusahaan telah mendapat hasil pemeriksaan atas pajak penghasilan tahun 2012 dan 2013 dari Direktur Jenderal Pajak dimana rugi fiskal Perusahaan tahun 2012 sebesar US 86.364 ribu menjadi sebesar US 69.514 ribu dan rugi fiskal Perusahaan tahun 2013 sebesar US 19.900 ribu menjadi laba fiskal sebesar US 2.896 ribu. In 2015, the Company has received the results of 2012 and 2013 income tax audit from Director General of Tax, which stated that the Company’s fiscal loss in 2012 of US 86,364 thousand was modified to be US 69,514 thousand and the Company’s fiscal loss in 2013 of US 19,900 thousand was modified to be taxable income of US 2,896 thousand. Pada tanggal 14 Januari 2016, Perusahaan telah mendapat hasil pemeriksaan dari Direktur Jenderal Pajak, yang menyatakan bahwa laba fiskal Perusahaan tahun 2014 sebesar US 44.886 ribu menjadi sebesar US 60.896 ribu. On January 14, 2016, the Company has received the results of 2014 income tax audit from Director General of Tax, which stated that the Company’s taxable income in 2014 of US 44,886 thousand was modified to be US 60,896 thousand. Disajikan kembali As restated NOTES TO CONSOLIDATED FINANCIAL STATEMENTS DECEMBER 31, 2015, 2014 AND JANUARY 1, 2014 DECEMBER 31, 2013 AND FOR THE YEARS ENDED DECEMBER 31, 2015 AND 2014 Continued - 73 - Perhitungan pajak kini, pajak dibayar dimuka dan utang pajak adalah sebagai berikut: Current tax expense, prepaid tax and tax payable are computed as follow: 2015 2014 US ’000 US ’000 Beban pajak kini - Perusahaan 19.069 - Current tax expense - The Company Dikurangi pajak penghasilan dibayar di muka: Deducted with prepaid income tax: Pasal 22 20.683 25.984 Art 22 Pasal 23 162 1.468 Art 23 Pajak dibayar dimuka Prepaid tax Perusahaan 1.776 27.452 The Company SMI 4.008 7.279 SMI PBI 130 151 PBI Jumlah pajak dibayar di muka 5.914 34.882 Total prepaid tax Utang pajak Tax payable RPU 3 3 RPU Pajak Tangguhan Rincian dari aset liabilitas pajak tangguhan adalah sebagai berikut: Deferred Tax The details of the deferred tax assets liabilities are as follows: Dikreditkan Dibebankan dibebankan ke penghasilan pada tahun komprehensif berjalan lain Credited Charged 1 Januari charged to to other 31 Desember January 1, profit or loss comprehensive December 31, 2015 for the year income 2015 US ’000 US ’000 US ’000 US ’000 Aset pajak tangguhan Deferred tax assets Entitas anak Subsidiary PBI 516 5.299 2 5.813 PBI Liabilitas pajak tangguhan Deferred tax liabilities Perusahaan The Company Rugi fiskal 15.344 15.344 - - Fiscal loss Depreciation of property, plant Penyusutan aset tetap 132.039 2.586 - 129.453 and equipment Penurunan nilai persediaan 960 92 - 868 Decline in value of inventory Imbalan pasca kerja 4.315 71 82 4.162 Post-employment benefits Lain-lain 571 4 - 575 Others Liabilitas pajak tangguhan - bersih 110.849 12.917 82 123.848 Deferred tax liabilities - net Entitas anak Subsidiary SMI 21.342 893 15 22.250 SMI Jumlah liabilitas pajak tangguhan - bersih 132.191 13.810 97 146.098 Total deferred tax liabilities - net