Investment in Shares of Stock

PT ASURANSI JASA INDONESIA PT ASURANSI JASA INDONESIA PERSERO DAN ENTITAS ANAK PERSERO AND SUBSIDIARY CATATAN ATAS LAPORAN KEUANGAN NOTES TO CONSOLIDATED KONSOLIDASIAN FINANCIAL STATEMENTS Lanjutan Continued Untuk Tahun-Tahun yang Berakhir For the Years Ended pada 31 Desember 2014 dan 2013 December 31, 2014 and 2013 Dalam Ribuan Rupiah In Thousands Rupiah DraftMarch 21, 2015 71 parafsign: Sesuai dengan Pasal 6B Peraturan Pemerintah No. 39 tahun 2008 tentang perubahan ketiga atas Peraturan Pemerintah No. 73 tahun 1992 tentang penyelenggaraan Perusahaan perasuransian, Perusahaan diwajibkan memiliki modal sendiri ekuitas minimum sebesar Rp 100.000.000 paling lambat tanggal 31 Desember 2010. Pada 31 Desember 2014 dan 2013, Perusahaan telah memenuhi ketentuan tersebut. In accordance with Article 6B Government Regulation No. 39 year 2008 on the third amendment in the Government Regulation No. 73 of 1992 regarding the insurance companys operation that requires to maintain a minimum equity balance amounting to Rp 100,000,000 at least before December 31, 2010. As of December 31, 2014 and 2013, the Group is in compliance with such requirement. Grup mengelola struktur modal dan membuat penyesuaian terhadap struktur modal sehubungan dengan perubahan kondisi ekonomi. Grup memantau modalnya dengan menggunakan analisa gearing ratio rasio hutang terhadap modal, yakni membagi utang bersih terhadap jumlah modal. The Group manages its capital structure and makes adjustments to it, in light of changes in economic conditions. The Group monitors its capital using gearing ratios, by dividing net debt with the total capital. Utang bersih terhadap ekuitas pada tanggal 31 Desember 2014 dan 2013 adalah sebagai berikut: Net debt and total capital as of December 31, 2014 and 2013 are as follows: 2014 2013 Rp Rp Jumlah utang -- -- Total borrowings Dikurangi: kas dan setara kas 689,321,845 337,698,499 Less: cash and cash equivalents Utang bersih 689,321,845 337,698,499 Net debt Jumlah ekuitas 2,035,178,009 1,680,075,923 Total capital Pada tanggal 31 Desember 2014 dan 2013, kas dan setara kas Grup dapat menutup seluruh utangnya. As of December 31 2014 and 2013, the Groups cash and cash equivalents can cover the total borrowings. 22. Alokasi dan Distribusi Saldo Laba

22. Appropriation and Distribution of Retained Earnings

Berdasarkan Keputusan Rapat Umum Pemegang Saham RUPS tanggal 28 Maret 2014 dan 26 April 2013, pemegang saham Perusahaan telah menyetujui pembagian laba tahun 2014 dan 2013 sebagai berikut: Based on the General Meeting of Stockholders GMS held on March 28, 2013 and April 26, 2013, the stockholders approved the appropriation and distribution of the 2014 and 2014 net income as follows: 2014 2013 Rp Rp Dividen tunai 45,507,186 51,267,000 Cash dividends Cadangan umum 227,535,927 92,518,668 General reserve Cadangan tujuan 30,338,123 26,147,358 Special reserve Jumlah 303,381,236 169,933,026 Total 23. Kepentingan Non Pengendali

23. Non-Controlling Interest

Akun ini merupakan bagian kepentingan non pengendali atas aset bersih PT Mitracipta Polasarana, entitas anak. Hak minoritas atas aset bersih entitas anak masing-masing sebesar Rp 6.039.362 dan 5.928.341 per 31 Desember 2014 dan 2013. Kepentingan non-pengendali atas laba bersih entitas anak sebesar masing-masing Rp 317.362 di tahun 2014 dan Rp 701.397 di tahun 2013. This account represents the share of non-controlling interests in the net assets of PT Mitracipta Polasarana, the subsidiary. Non-controlling interests in net assets of the subsidiary amounted to Rp 6,039,362 and Rp 5,928,341 as of December 31, 2014 and 2013, respectively. Non-controlling interests in net income of a subsidiary amounted to Rp 317,362 in 2014 and Rp 701,397 in 2013. un 39 ian s ber 3 s ts bt al ra d am on s e e l s ests PT ASURANSI JASA INDONESIA PT ASURANSI JASA INDONESIA PERSERO DAN ENTITAS ANAK PERSERO AND SUBSIDIARY CATATAN ATAS LAPORAN KEUANGAN NOTES TO CONSOLIDATED KONSOLIDASIAN FINANCIAL STATEMENTS Lanjutan Continued Untuk Tahun-Tahun yang Berakhir For the Years Ended pada 31 Desember 2014 dan 2013 December 31, 2014 and 2013 Dalam Ribuan Rupiah In Thousands Rupiah DraftMarch 21, 2015 72 parafsign: 24. Pendapatan Premi 24. Premium Income Penurunan Kenaikan Premi Belum Merupakan Pendapatan dan Manfaat Polis Masa Depan Premi Premi Decrease Increase Pendapatan Bruto Reasuransi in Unearned Premi Gross Reinsurance Pemiums and Future Net Premium Premiums Premiums Policy Benefit Income Rp Rp Rp Rp Pengangkutan 76,558,585 13,255,787 1,877,497 61,425,301 Marine cargo Kebakaran 1,262,659,770 818,512,936 108,077,047 336,069,787 Fire Rangka pesawat 580,188,740 569,510,758 4,310,391 6,367,591 Aviation Rekayasa 90,640,689 43,238,575 9,451,651 37,950,463 Engineering Rangka kapal 289,841,443 202,932,869 23,131,290 110,039,864 Marine hull Kendaraan bermotor 776,607,691 -- 15,027,340 761,580,351 Vehicles Aneka 365,670,619 106,609,170 20,541,456 238,519,993 Various Jaminan 127,094,197 22,326,811 2,153,315 102,614,071 Bonds Minyak dan gas 1,052,155,845 1,006,627,984 205,440 45,322,421 Oil and gas Jumlah 4,621,417,579 2,783,014,890 138,512,847 1,699,889,842 Total 2014 Penurunan Kenaikan Premi Belum Merupakan Pendapatan dan Manfaat Polis Masa Depan Premi Premi Decrease Increase Pendapatan Bruto Reasuransi in Unearned Premi Gross Reinsurance Pemiums and Future Net Premium Premiums Premiums Policy Benefit Income Rp Rp Rp Rp Pengangkutan 70,306,715 21,062,045 684,931 49,929,601 Marine cargo Kebakaran 1,215,212,262 1,005,142,743 54,332,068 264,401,587 Fire Rangka pesawat 542,374,326 540,156,995 3,337,317 5,554,648 Aviation Rekayasa 198,791,138 147,720,023 6,944,670 44,126,445 Engineering Rangka kapal 313,850,012 160,762,524 8,313,094 144,774,394 Marine hull Kendaraan bermotor 449,371,523 -- 46,156,278 403,215,245 Vehicles Aneka 339,551,526 131,022,837 45,764,046 162,764,643 Various Jaminan 107,337,215 30,164,866 124,416 77,047,933 Bonds Minyak dan gas 765,588,446 717,388,664 4,696,108 43,503,674 Oil and gas Jumlah 4,002,383,163 2,753,420,697 53,644,296 1,195,318,170 Total 2013 PT ASURANSI JASA INDONESIA PT ASURANSI JASA INDONESIA PERSERO DAN ENTITAS ANAK PERSERO AND SUBSIDIARY CATATAN ATAS LAPORAN KEUANGAN NOTES TO CONSOLIDATED KONSOLIDASIAN FINANCIAL STATEMENTS Lanjutan Continued Untuk Tahun-Tahun yang Berakhir For the Years Ended pada 31 Desember 2014 dan 2013 December 31, 2014 and 2013 Dalam Ribuan Rupiah In Thousands Rupiah DraftMarch 21, 2015 73 parafsign: 25. Beban Klaim 25. Claim Expense Kenaikan Penurunan Manfaat Klaim Klaim Polis dan Estimasi Klaim Beban Bruto Reasuransi Increase Decrease in Klaim Gross Reinsurance Policy Benefit and Net Claims Claims Claims Estimated Claims Expense Rp Rp Rp Rp Pengangkutan 19,626,665 12,940 2,407,737 17,205,988 Marine cargo Kebakaran 465,536,585 280,745,972 3,677,158 181,113,455 Fire Rangka pesawat 44,510,600 39,941,403 5,255,454 686,257 Aviation Rekayasa 36,535,331 15,155,065 6,012,995 15,367,271 Engineering Rangka kapal 254,911,168 146,670,514 8,873,147 99,367,507 Marine hull Kendaraan bermotor 259,029,978 -- 55,299,631 314,329,609 Vehicles Aneka 205,453,523 81,703,531 384,238 123,365,754 Various Jaminan 9,235,619 6,931,322 1,644,842 659,455 Bonds Minyak dan gas 1,114,589,265 1,108,057,339 7,570,367 1,038,441 Oil and gas Jumlah 2,409,428,734 1,679,218,086 19,473,693 749,684,341 Total 2014 Kenaikan Penurunan Manfaat Klaim Klaim Polis dan Estimasi Klaim Beban Bruto Reasuransi Increase Decrease in Klaim Gross Reinsurance Policy Benefit and Net Claims Claims Claims Estimated Claims Expense Rp Rp Rp Rp Pengangkutan 25,146,725 12,452,985 11,183,387 23,877,127 Marine cargo Kebakaran 424,164,442 257,860,564 3,997,022 170,300,900 Fire Rangka pesawat 318,255,693 315,206,044 3,717,808 668,159 Aviation Rekayasa 39,835,549 19,452,547 13,275,177 7,107,825 Engineering Rangka kapal 129,130,927 49,863,597 4,542,207 83,809,537 Marine hull Kendaraan bermotor 214,933,730 -- 20,251,683 235,185,413 Vehicles Aneka 199,131,943 58,391,842 29,787,048 110,953,053 Various Jaminan 7,907,667 14,217,614 5,042,730 11,352,677 Bonds Minyak dan gas 159,709,583 154,832,344 11,589,613 6,712,374 Oil and gas Jumlah 1,518,216,259 882,277,537 23,438,077 612,500,645 Total 2013 go re on ng ull es s s as l go re on ng ull es s s as l PT ASURANSI JASA INDONESIA PT ASURANSI JASA INDONESIA PERSERO DAN ENTITAS ANAK PERSERO AND SUBSIDIARY CATATAN ATAS LAPORAN KEUANGAN NOTES TO CONSOLIDATED KONSOLIDASIAN FINANCIAL STATEMENTS Lanjutan Continued Untuk Tahun-Tahun yang Berakhir For the Years Ended pada 31 Desember 2014 dan 2013 December 31, 2014 and 2013 Dalam Ribuan Rupiah In Thousands Rupiah DraftMarch 21, 2015 74 parafsign: 26. Beban Komisi Neto 26. Net Commission Expens Beban Beban Pendapatan Pendapatan Komisi Komisi Komisi Neto Commission Commission Net Commission Expense Income Expense income Rp Rp Rp Pengangkutan 11,417,193 853,236 10,563,957 Marine cargo Kebakaran 98,545,997 59,016,392 39,529,605 Fire Rangka pesawat 5,258,805 33,237,786 27,978,981 Aviation Rekayasa 11,068,667 9,051,421 2,017,246 Engineering Rangka kapal 22,099,545 18,618,273 3,481,272 Marine hull Kendaraan bermotor 207,071,330 -- 207,071,330 Vehicles Aneka 49,997,624 12,283,528 37,714,096 Various Jaminan 13,028,071 5,077,612 7,950,459 Bonds Minyak dan gas 34,097,877 146,552,397 112,454,520 Oil and gas Jumlah 452,585,109 284,690,645 167,894,464 Total 2014 Beban Beban Pendapatan Pendapatan Komisi Komisi Komisi Neto Commission Commission Net Commission Expense Income Expense income Rp Rp Rp Pengangkutan 10,509,394 772,944 9,736,450 Marine cargo Kebakaran 82,507,012 126,845,873 44,338,861 Fire Rangka pesawat 8,652,354 42,517,301 33,864,947 Aviation Rekayasa 12,617,709 9,346,719 3,270,990 Engineering Rangka kapal 25,472,640 23,089,850 2,382,790 Marine hull Kendaraan bermotor 87,027,886 -- 87,027,886 Vehicles Aneka 54,885,734 12,466,321 42,419,413 Various Jaminan 10,367,190 7,767,206 2,599,984 Bonds Minyak dan gas 38,003,207 106,258,454 68,255,247 Oil and gas Jumlah 330,043,126 329,064,668 978,458 Total 2013